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1965.08.03_TC_Minutes MINUTES: HIGHLAND BEACH TOWN COMMISSION AUGUST 3, 1965 The regular monthly meeting was called to order by Vice Mayor Bunn at 7:10 PM.Commis- sioners Bunn, Johnson, Noble and Jones were present. Mayor Hackman was absent. The minutes of the regular meeting of July 6, 1965 were read and approved on the motion of Commissioner Noble, seconded by Commissioner Bunn and the affirmative vote of all Commissioners present. With no committee chairmen reporting, other than Commissioner Noble, who commented that her phone calls to County Commissioner Warren might have been helpful in getting the recent foggings for mosquitos, Commissioner Bunn proceeded to give, in detail, an up -to -date report on town problems, decisions that have to be made, and the alternatives. He reported that in a discussion meeting of the Commission, with Mr. Stienhardt of Delray White House on July 24th, it was agreed that Mr. Stienhardt would pay for the removal of the work shed to a less prominent place,and clearing or bulldozing the frontage on A -1 -A South of the one completed building, also that the Commission sitting as a Board of Equalizers met on July 17th from 9:00 AM to 12 :00 Noon and 1 :00 PM to 5 :00 PM to answer questions and hear complaints on the new appraisal figures and that there were no formal complaints, only questions on the new valuations, which,as previously an- nounced, were available to all property owners, and the Commission agreed that if there were any additional complaints within the next three days that Town Manager, Dr. Dailey, would arrange for a meeting of the Commission and the complainant. He stated that the water plant improvements and expansion is a must if the town is to continue as an inde- pendent municipality and it all hinges on the voting of the registered freeholders in a referendum to authorize a $ 300,000.00 bond issue for this purpose. He explained that U this would be a general obligation bond issue and has to be voted on by-the freeholders and according to the town attorney's interpretation of the Charter, would have to have the approval of two - thirds of the total registered freeholders, and not two- thirds of the num- ber that voted. He stressed the importance of all freeholders voting, and, with the new provision for absentee ballots, there should be no reason for not voting on this vital issue. The alternatives, he stated, would be revenue bonds,,at a higher interest rate, on the water plant, which would again put the load on the improved property owners, or, being the tail end of one of the neighboring towns, and subject to their higher appraisals, and tax rate. He mentioned that four new homes in Bel Lido subdivision and a number of high rise buildings are planned, and, if future progress and town development is to con- tinue, it is necessary to assure all prospective builders that there will be no water problem. He concluded by saying the meeting was now an open discussion period, and the Commission would try to answer all questions. During this question and suggestion period, with Mr. Robert Weber, Mr. Lester Stoothoff, Mr. Donald Ross and others participating, the bond issue probable interest rate, method of amortization and the 20 -year maturity date were explained; the cost ($30,000.00), r size of lot (100 x 175) , and the financial set up on the newly acquired Town Hall was given, with Town Manager Dailey adding that the proposed water storage tank on the premises, almost underground, would not be obnoxious with proper landscape covering; a suggestion that the town might get supplementary water from Boca or Delray brought out the ,facts that neither town had the capacity or willingness to supply extra needed water, and when they had, on occasions in the past, the pressure was low and the u cost high. Questions on the budget, probable tax rate, and the financial condition of the town were answered. It was explained that the budget could not be completed, or the tax rate decided, until the terms of the bond issue and the result of the referendum, which will be in about six weeks, were known, and that the June financial statement is posted on the town bulletin board. This statement is included as page these minutes. PAGE 2 AUGUST 3 1965 Commissioner Johnson read resolution # 131 authorizing the Town of Highland Beach to enter into, and execute, a mortgage on the newly acquired Town Hall property.. On a motion by Commissioner Jones, seconded by Commissioner Noble, and the affirma- tive vote of all Commissioners present resolution # 131 was approved and is included as page _ y of these minutes. Questioned as to the need of a mortgage, with the financial statement indicating a healthy condition, it was explained that with $ 30,000.00 just paid for the Town Hall, and water storage tank site, and possible unforeseen delay in the bond issue, this was a precau- tionary measure, and, if present plans are completed on time, there should be no need to execute this mortgage. After a short discussion, it was suggested and agreed that, with the county changing to 100 % evaluation, a resolution approving the 1965 tax roll should be deferred until some comparisons could be made, and differences analyzed. APPROVED: a-- ,� CLEM HACKMAN, MAYOR 3 FRED BUNN, VICE MAYOR :! � �� � L r ,�- HAROLD E. f0HNS6N, TOWN CLERK MILDRED NOBLE, COMMISSIONER ATTEST: G. ARTHUR JONES, C04YISSIONER TOWN CLERK /_/ ✓1j 17/1. ro � rrC,/ /nwiY �Cwaa•?7i,Saioh �A FINANCIAL REHORT HIGHLAND BEACH, FLORIDA JUNE " ASSETS: Cash on hand & in Banks 67 #221,83 A/R Water 248,08 Aft Taxes 1 A/R Licenses & Permits 50,00 A/R Lot Mowing 1 : 103.50 Pre Paid Insurance 250.89 Water Plant Contt 2069055.47 Land (Plant Site) 22 ; 544.19 Land (Town Hall) 3 Offic Furn9 gg uipment -- 193 2 £4_ Land New Wet Ste)`"~ 303'839._, LIABILITIES: Accts Payable 1 Accts Payable (Bank Loan) 34.454.25 Water Peposits 385.00 Bonds Outstanding 53 Witholding Tax Payable 221.40 Soc. Sec, Witheld 80,46 5.8 7.9 INCOME: Licenses & Permits 1 61'7.40 Roads Bridges & Bloc Francs 260.28 , Interest (Gen Fund) 928.79 ° Interest Sinking Fund 85.25 Taxes Assessed 18 Tax Penalties 73.95 Gen Fund other Income 308.02 Water Sales : 9487.34 Rent of Land 320.00 Water Meter & Parts 221.70 Discount Earned 2,46 Lot Mowing & Expense �12458,00 339 26 5.51 SURPLUS OR DEFICIT 3.288.60 Surplus 25x948.49 Investments in fixed Assets 172,604.94 REserve Water sinking Fund 13s 839-1 21596 EXPENSES: TOWN HALL WATER PALNT Advertising 15.60 Audit & Acctng 378.12 325.63 Bank Charges 14.02 4.o3 Dues & Subscpts, 65.00 Electric 91.86 1 Engineering 1 FICA 41.47 123.91 Gagbage 3 : 600,00 Inspections 175.00 �..� Insurance 124.00 w rp,-pS IVA .&I Interest (Bonds) 2 .00 Legal 1,150.45 1 96. 8 0 Miscellaneous 155.89 64.20 Office Supplies 278.34 137.05 Postage 38,76 12,80 _P_ur 34 ,49 ' Tax Discounts - x.23 Telephone 142.12 104.46 Travel 1 W 19377.50 4.577.50 Water P1 Extra Help 169.00 REpairs & Maint, 1092.07 2 Utilities (Gas) 149 �.I Maid Service 155.00 W Treatment 712, 13 Tax Assessing 6 000.00 18 0 . 57 12. 98. 5 TOTAL EXPESES: 31 :305.0 203 839.59 �,l ar ✓1 � 3 - / � h /c:.� • t ,��'o c h / o V r7 trl � S /o ff /� � o 03 17& f I f c;ye RESOLUTION NO. ��- � �� , � �•�'` WHEREAS, the Town of Highland Beach, Palm Beach County, Florida, has purchased certain real property as des- cribed in that certain contract between the Town of Highland Beach and Nicholas V. Fasano, Trustee, dated March 18, 1965, and purchased July 29, 1965, and WHEREAS, the Town Commission deems it advisable and in the public interest that a mortgage should be executed to secure the payment of the balance of the purchase price, to- wit: Twenty -Two Thousand Five Hundred ($22,500.00) Dollars, .�.1 NOW, THEREF ORE , BE IT RESOLVED that the Town of Highland Beach shall enter into and execute a mortgage securing the payment of Twenty -Two Thousand Five Hundred ($22,500.00) Dollars to the First Federal Savings and Loan Association of Delray Beach, Delray Beach, Florida, and BE IT FURTHER RESOLVED that is authorized to execute such papers as may be necessary to effectuate said mortgage in behalf of the Town of Highland Beach, Florida. Resolved at the meeting of the Commission on the I "= day of of ! �Z y 5- f 1965. i MAYOR TOWN CLERK ,�''