1999.07.27_TC_Minutes_Special~ _ .
TOWN OF HIGHLAND BEACH, FLORIDA
MINUTES OF TOWN COMMISSION MEETING
SPECIAL MEETING
Tuesday, July 27, 1999 3:00 P.M.
Mayor Thomas J. Reid called the Special Meeting to order in
Commission Chambers at 3:00 P.M., announcing its purpose was:
1) SETTING THE TENTATIVE MILEAGE RATE FOR FISCAL YEAR
1999/2000.
2) SCHEDULING PUBLIC HEARING RE FISCAL YEAR 1999/2000
BUDGET.
Town Clerk Doris Trinley called the roll. The Mayor, Vice Mayor
Michael W. Hill, and Commissioners John J. Sorrelli, Paul R. Kane
and Robert L. Lowe were present.
Also present were Town Attorney Thomas E. Sliney, Town Manager Ben
Saag, Finance Director Stanley Novak, Financial Advisory Board
Chairman Felix Goldenson, and members of the general public.
Mayor Reid referenced the Financial Advisory Board's recommendation
• that the millage rate remain at 4.000 for the 1999/2000 fiscal
year, which was accepted at the July 27 Workshop Meeting. MOTION
to approve the recommendation was then made by VICE MAYOR
HILL/COMMISSIONER LOWS, followed by discussion:
Vice Mayor Hill asked if the Town's cash reserves were increasing,
noting that the reserves will get to the point where a decrease in
millage is justified. The Vice Mayor questioned FAB Chairman
Goldenson, who advised the Town now keeps 25% (3 months) in
reserves, which approach has been followed closely in recent fiscal
years and has remained appropriate. Mr. Goldenson added that he
didn`t feel developments would indicate a decrease or increase in
millage, and believed reserves would remain the same.
Concluding discussion, roll call met with unanimous favorable vote
that the millage for FY 1999/2000 would be approved at 4.000.
Upon MOTION by COMMISSIONER LOWE/VICE MAYOR HILL, September 3, 1999
at 5:01 P.M. was unanimously approved by roll call vote as the date
and time for the Town Commission Public Hearing on the 1999/2000 FY
Budget.
There being no further business to come before the Commission at
this time, Mayor Reid adjourned the Special Meeting at 3:10 P.M.
upon MOTION by COMMISSIONER SORRELLI/COMMISSIONER LOWS.
dmt
Minutes of Town Commission Special Meeting
July 27, 1999 Paae 2 of 2
APPROV
~~ GI.~C.
Thomas J. eid, Mayor
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M' ael W. Hill, Vi e Mayor
,..----~
J~fn J. Sorrf~-~; Commmissioner
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Paul R. Kane, Commissioner
rt L Lowed/Commissioner
• Attest:
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Date : 1`~l ~ /1~'~