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Minutes 12-28-60MINUTES OF SPECIAL MEETING OF CITY COUNCIL, BOYNTON BEACH HELD AT CITY PLiLL, BOYNTON BEACH, FLOtLIDA, DECEMBER ZS, 1960 HAKVEY E.: OYER, YR., MAYOK JOHN L;.. AKCHIE, VICE-MAYOK DR'.!. CHA~T.~ AKES, COUNCILlViAN %FALTEt~ ikL~DSEN, COUNCILMAN J.~ B~ BAUGH1Vi~N; COUNCILI~I LOUIS SAiITZES, CITY 1ViANAGEIt TE~SA PADGETT, CITY CT,E~ GENE MOOi~E, CITY ATTORNEY This meeting was called for the purpose of reviewing the l~esolution pertaining to the proposed ~gater Improvement l~rogram. .Mayor Oyer read a letter from Mr; Ostee~,mngineero The City Attorney summarized the highlights of the proposed l~esolution which had been prepared by the New York Bonding Counsel. Mr. Baughman stated he would not gQ3.over this 44 page resolution page for page because he obje~ed to the lo.owing: 1. The zes~on is ambiguous ~d co~icting terminolo~ used. Z.~ Sever~ bl~ spaces appear 4n the agreement; Does not specify name of Trustee ~d does not state what in Trust 4~ ~ page 8 ~he~e is a questi~ in re $I, 000,000;~no become due in 1993. Does not spe~ out what it should. 5. 125% of largest amount of princip~ ~d i~,eres/to mature (p. 15) ?." ~efers to possibzhiy of sewag~ ~d tha~ should not be 8. Second li~n bonds ~11 be dif~c~tt to market ~der presen~ conditions ~d if so, interest rate ~11 be very-high. ~er discnssion, ~. ~chie moved ~e time for opening of bids fo~ ihe proposed wa~er impr~vemenz program be e~e~ded to March 1, 1961. Motion seconded by Mr. :Madsen and passed nnanimoasly; Mr. Madsen moved the l~esolution be tabled.. Motion seconded by Dr, Akes and carried 4-1o Mayor Oyer voting" no ". City Manager advised Council that City mast put the S~ate Board of Health on of action takers. at 3:15 p.m. Tereesa Jify Clerk Ni~u%ez ef Special Bieeti~g ef Oity f~u~cil, Beyatea Beach, held a% City Nall, teyatem Beach, Fla., December 21, Narvey E. ~yer, Jr., ~_~er Jo B. Bam~, C~u~¢i]mau Geme F~ore, ~i%y At~raey Tereesa Pa~gett, ~ity ~lerk This special sessie~ was ~%lled te order By ~ay~r ~yer at 2:30 P.E. i~ the office ef the City Fmmager~ The Gity ~mmage~ ~reseate~ the plat ef ~i~E ~e~ ~e, ~ ~. that the ~at ~e ~r. ~. ~zes ~ $ha~ ~1 ~vi~om h~ be~ ~. Fz. Archie move4 that ~the mayer Se a~therize~ to sigm the pixar of R~]t~g I~r. Ba~am emd ~. ~sem vetim~ "Ne"'. ]ir. , the Cewmeil ce~sider establishimg a definite date to: [m ~rder %hat good relations may with the ~tate _Bear~ e£ ef the resoluti~a Be fmraished ~ ¢~a~*]m~a-eleet s~ they ceml~ s~udy Nr. Arabic meve~ that a 1:3~ P.E. for the ~ N~tien seee~e~ ~y a~sent from l~%e ream whom be sehe~mle~ for Dec. 28th at )f reviewing the Nater Reselutiem. earr_ie~ ~. Dr. Akes was City Clerk. at;