MEMORANDUM

 

 

To:                   Mayor Allen Green

                        Vice Mayor Mary S. Martin

            Councilman Dennis Kennedy

                        Councilman Robert Pohlmann

            Councilman George Steindoerfer

 

From:              Kenneth W. Parker, City Manager

 

Subject:          Agenda Commentary for Regular City Council Meeting of

                        March 8, 2007

 

Date:               February 28, 2007

 

 

A.                 OPENING

 

Item 1 -           Pledge of Allegiance

Item 2 -           Silent Invocation

Item 3 -           Roll Call

 

 

B.                 SPECIAL RECOGNITION AND PROCLAMATIONS

 

Item 4 -           Employee Recognition – Ken Burgman

 

The Executive Fire Officer Program is the USFA’s premier executive education program offered at the National Fire Academy in Emmitsburg, Maryland.  Acceptance into the program is limited and open only to individuals meeting strict qualifications.  Achieving this certification requires a four-year commitment on the part of the student, who must attend four graduate and upper division baccalaureate equivalent courses.  Each course is two weeks in length.  The student must then write an applied research project at the conclusion of each course.  By achieving his EFO Certification, Division Chief Burgman joins an elite group of individuals who are dedicated to making a difference in the Fire Service and its future.  At this time, Council will recognize Ken Burgman for achieving his Executive Fire Officer Certification and will present him with his EFO Certificate.

 

City Manager’s Comments: This is an excellent achievement for Ken Burgman, personally, as well as the Port Orange Fire and Rescue Department.  The training that he received at the National Fire Academy translates into a higher degree of service for Port Orange residents.

  

C.                CITIZEN PARTICIPATION

D.                CONSENT AGENDA

 

Item 5 -           Approval of Minutes

 

Attached are the minutes of the following meetings:

 

 

If you have questions, please contact either Shirley Kelly or me.  We recommend approval.

 

Item 6 -           Update on Construction Projects

 

Attached is the update from Quentin Hampton’s regarding construction projects.  If you have questions, please contact Mark Hampton or me.

 

Item 7 -           Update on Recreational Facilities

 

Attached is the report from Parks and Recreation.  If you have questions, please contact either Glen Walker or me.

 

Item 8 -           Road Construction Report

 

Attached is the Road Construction Report.  If you have questions, please contact either Warren Pike or me.

 

Item 9 -           Approve Purchase of Brush/Tanker Apparatus

 

The current brush truck is twenty-one years old and the tanker is twenty-three. Both vehicles are out of service for repairs and not available for response a high percentage of the time.  We are recommending the purchase of an ACT Wildland Ultra XT.  The vehicle price is $399,165, with associated equipment estimated at $11,741, for a total project cost of $410, 906.  Funding has been designated in the Lease/Finance Fund with lease repayment from the Wellfield Mitigation Fund.

 

Staff recommends that Council approve the purchase of a 6x6 Brush/Tanker Apparatus from S&S Fire Apparatus Company, under GSA Contract GS-30F-1033D, for a total cost of $399,165. 

 

City Manager’s Comments:  As you are aware, the City of Port Orange is responsible for the protection of the Port Orange Wellfields.  Last spring, the City responded to the wild fires south of Port Orange.  One of the deficiencies we found was the age of the equipment that we had and its dependability.  The City has a 1970’s vintage Army 5 ton truck that had been retrofitted as a brush vehicle.  Also, we have a small attack truck that was purchased before I became City Manager.  This vehicle will assist the City of Port Orange in defending the City’s western City limits in case of wild fire as well as being one of the primary response vehicles to any fire in the Port Orange Wellfield properties.

 

Item 10 -        Legislative Support Contract – Sean Pittman

 

Staff has completed work on our Legislative Program for 2007.  The attached agreement supports the City’s efforts in Tallahassee.

 

Staff recommends that Council authorize Pittman Law Group, P.L., to track legislation on the City’s behalf and to work in support of our legislative priorities including project funding, at a not to exceed annual contract of $40,000.

 

City Manager’s Comments:  Funds were carried over from last year’s budget to fund our legal representation during the legislative session.  This year, it will be extremely important to have an individual at the Capitol that can present information on Port Orange and the impact that certain legislative proposals will have on Port Orange.  Also, we have some legislative initiatives that we have requested from the Legislature this year, including help in funding the acquisition of the Stanaki property located east of Interstate 95.

    

 

Item 11 -        Final Change Order No. 1 to Southwest Utility Reinforcements

 

 

Staff is pleased to bring forward for City Council consideration the final close out change order, signifying the completion of the Southwest Utility Reinforcements, also referred to as the Western Service Loop, or E-Loop.  This project loops our drinking water system by connecting water mains along Pioneer Trail, Taylor Road, Town West Boulevard, and Shunz Road with a main along Tomoka Farms Boulevard. 

           

Additionally, it should be noted that Hazen took advantage of an incentive clause of $30,000 by completing a loop of the southerly system within 12 months.  This incentive was provided to ensure that city residents living south of Spruce Creek had a redundant looped water system in place prior to the planned commencement of the County’s Williamson Boulevard roadway widening project. 

           

The additive change order is based upon an adjustment of the final actual quantities of piping, paving, and restoration work in accordance with the unit prices as established in the original bid.  After tabulation of final quantities of work performed, the total amount of the additive changes (including the $30,000 bonus for early completion of the loop) is $29,999.91 bringing the final contract amount to a total of $4,184,999.91.  Final payment will be issued upon receipt of all outstanding as-built drawings, submission of any bonding requirements, and verification of release of liens.  Staff recommends that Council approve the Final Close-out Change Order No. 1 to Hazen Construction in the additive amount of $29,999.91, and authorize the Mayor and City Manager to execute the contract documents.

 

City Manager’s Comments:  Hazen completed the project well in advance of their contract time.  We placed an incentive in their contract as an encouragement to have the project completed and the water line operational prior to the start of the South Williamson project.  As you know, we were concerned about a disruption of service to Port Orange utility customers living south of Spruce Creek.  The construction of this looped line will provide a reliable source of potable water to our residents and re-enforce the Port Orange water system. 

 

Item 12 -        Bid Award – Golf Carts for the Golf Club at Cypress Head

 

Bids were solicited for the replacement of the golf carts at the Golf Club at Cypress Head.  Bids were received from three manufacturers.  The low bid was received from E-Z Go Golf Inc. for a Grand total amount of $114,000 (see attached bid tabulation sheet).  Staff recommends that Council approve the bid award for the replacement of 75 golf carts, one carry all utility cart, and 1 beverage cart to E-Z Golf Inc. in the amount of $114,000, which includes a trade-in credit of $129,375 for 75 golf carts currently in use at the golf course.

 

Item 13 -        Bid Award – Demolition of Six (6) Homes – Cambridge Basin

 

Bids for the demolition of six homes located in the Cambridge Basin were solicited.  Eight bids were received.  Set Materials Inc., the same bidder who was just awarded the demolition bid for Halifax Mobile Home Park, submitted the lowest responsive bid in the total amount of $19,560.  Staff recommends that Council approve and award the contract for demolition of six homes in the Cambridge Basin area to Set Materials for the bid as was submitted in the total amount of $19,560.

 

City Manager’s Comments:  The City of Port Orange has acquired 6 homes in the Cambridge area.  As part of the acquisition, the City has to demolish these homes.  The City received a grant to both acquire and demolish these homes.  The price is extremely good.

 

Item 14 -        Forest Management Services 

 

In response to RFP #07-02 Forest Management Services, 3 firms submitted their professional qualifications.  A committee consisting of Vice Mayor Mary Martin, Interim Community Development Director Roger Smith, Interim Public Utilities Director Rick Skeens, Landscape Architect Margaret Momberger, and Purchasing Coordinator Bobbi Palmer evaluated the proposals.  All firms were selected to conduct oral presentations. 

           

Following the presentations, the top two firms were (in order of ranking) CPH Engineers and Environmental Services, Incorporated (ESI).  Both CPH and ESI scored significantly ahead of the other firm in all areas.  Recognizing that both firms also engage in private site development work within the City, staff believes it would be beneficial to have two firms under contract.  This will provide flexibility and help to address any perceived conflicts of interest, in the event that one of the firms is part of a private site development design team negotiating forestry or mitigation issues with the city. 

 

Because CPH displayed superior strength with regard to forestry and mitigation bank management and operations, staff recommends that CPH serve as the City’s primary contractor for these services on the Central Wellfield and Gamble Place properties.  Meanwhile, because ESI exhibited superior capabilities in urban forestry, staff recommends that ESI serve as the City’s primary contractor for these services. 

             

Staff recommends that Council approve the ranking of the firms responding to RFP #07-02 Forest Management Services, and to award contracts to the firms of CPH Engineers and Environmental Services, Incorporated, and to authorize the Mayor and City Manger to execute contracts with the aforementioned firms.

 

Item 15 -        Approval to Pave Hensel Road, Overlook Trail, Freda Lane, Pringle Road, and Rogers Place

 

Staff is requesting approval to pave Hensel Road, Overlook Trail, Pringle Road, Freda Lane, and Rogers Place as agreed to with residents back when the water line extension work was being completed.  Staff requests approval to piggyback the County’s contract with Halifax Paving Inc., Contract No. 06-B-252JG, in order to keep costs as low as possible.  Halifax Paving has submitted a proposal of $226,110 which includes all work associated with the paving and milling of the roadways.  Funds are available in Account No. 00143005416300, Project No. PNC002.

 

Staff recommends that Council approve piggybacking the County’s contract with Halifax Paving Inc. and proceed with the paving and milling work on Hensel Road, Overlook Trail, Freda Lane, Pringle Road, and Rogers Place for a total cost not to exceed $226,110.

 

City Manager’s Comments:  What is being done in this area is a maintenance surface, not a typical street surface.  In a typical street project, you will have a different type of sub-base of crushed concrete, soil cement or lime rock.  This surface does not require that level of construction.  Also, a maintenance surface does not require stormwater retention ponds.  The County uses this surface on its existing dirt roads.  We will meet with the residents to be sure they understand the differences.  We will attempt to get the surface installed prior to it getting too hot since it is messier than traditional hot mix overlay.  The existing soil is graded and leveled.  Then a hot layer of oil is applied to the graded surface.  Immediately the millings are placed on top of the hot oil.  Then another application of hot oil is applied on top of the millings.  Sand is then applied on top of the last application of oil.  We have used this surface in the past but not in a long time.  You can expect to receive telephone calls from residents who will complain that they have oil on their vehicles. 

 

Item 16 -        Approve Engagement Letters for TCEA, Coral Way, and Harbor Oaks for Special District

 

Attached are three engagement letters from the firm of Nabors, Giblin & Nickerson for their services associated with the special assessment programs for Riverwalk/TCEA, Harbor Oaks Canal Dredging, and the Coral Way Canal Dredging.  The proposed fee for the Riverwalk assessment is not to exceed $7,500; the proposed fee for the Harbor Oaks assessment is $10,000; and the fee for Coral Way is $10,000.  Staff recommends approval.

 

Staff recommends that Council approve engagement letters with Nabors, Giblin & Nickerson for their services associated with the special assessment programs for Riverwalk in an amount not to exceed $7,500; Harbor Oaks for a fee of $10,000; and Coral Way for a fee of $10,000

 

City Manager’s Comments:  In order to establish a special assessment district, there are certain legal issues and documents that must be prepared.  Nabors, Giblin & Nickerson are considered to be the foremost authority on special districts.  Two of these projects are dredging projects and one is required as part of the CRA Comprehensive Plan.  The Riverwalk cost will be paid for out of the TIF revenues; and the Harbor Oaks and Coral Way will be initially paid for out of Drainage and will be reimbursed after the District is established.  We anticipate the District information being brought forward to the Council in late May/early June for consideration.  There will be a series of public hearings conducted related to the establishment of the Districts.

 

 

E.                 BOARDS AND COMMISSION

 

Item 17 -        Report from Environmental Advisory Board

 

A representative of the Environmental Advisory Board will make a report to Council at this time.

 

 

F.                 COMMUNITY DEVELOPMENT

 

Item 18 -        Second Reading – Ordinance No. 2007-3 – Approving a Rezoning and Third Amendment and Restatement of the Master Development Agreement and Conceptual Development Plan – Crane Lakes PUD

 

We recommend approval.

 

Item 19 -        Second Reading – Ordinance No. 2007-5 – Amending Chapter 2 of the Land Development Code Relating to Definitions and Interpretations and Chapter 15 of the Land Development Code Relating to Signs

 

We recommend approval.

  

Item 20 -        First Reading – Ordinance No. 2007-9  - Amending Article III, Sections 14-48 and 14-54 of the Code of Ordinances Relating to Building Permit Fee Changes

 

The attached ordinance amends Sections 14-48 and 14-54 of the Code of Ordinances pertaining to building permits and related fees.  The amendment changes the time for payment of certain fees and incorporates the travel and training fee that was previously established by Resolution No. 05-86.  Staff recommends approval of the attached ordinance amending Sections 14-48 and 14-54, Article III, of the Code of Ordinances relating to Building Permit Fee Changes.

 

Second Reading:   March 20, 2007

 

City Manager’s Comments:  The City Council discussed the Ordinance changes at the February 27 City Council Meeting.  This is the Ordinance that was reviewed by the Council.

 

Item 21 -        Resolution No. 07-16 - Building Permit Fee Schedule Changes

 

The attached resolution amends the 2005 fee schedule relating to building construction fees to cover the cost of operating the Building Division in accordance with State Statute 553 and also the increased administrative and overhead cost over the past two years.  This will be done by elevating the cost of construction to coincide with the new ICC Building Valuation Data and charging fees based on a percentage of valuation.  This will allow the fees to rise consistent with the size of the project to obtain full cost recovery for all projects.  It will also increase the amount of the fee for the special travel and training fund to cover the cost of training for enforcement and implementation of the Florida Building Code consistent with and archive fee to cover the cost of State required records retention regulations.  Staff recommends approval of the attached resolution.

 

City Manager’s Comments:  The fee Resolution was reviewed by the City Council at its February 27 meeting. The Fee Resolution has been reviewed by the Construction Regulation Board. A copy of the proposed fee schedule was provided to the Homebuilders Association. I propose the fees be effective April 1. 

 

 

Item 22 -        Resolution No. 07-17 - Amendment No. 1 to Landscaping Joint Participation Agreements between the City of Port Orange and FDOT; FM No. 240720-2 and 240757-2, Landscaping Improvements on Nova Road

 

The Florida Department of Transportation (FDOT) has agreed to amend the two Joint Participation Agreements to include reimbursement for irrigation costs associated with the Nova Road Landscape project.  In addition, the amendments redistribute the scope of work for each JPA. The original project scope of each JPA was skewed in terms of what it was going to cost (the north segment was much shorter than the south segment; therefore the amount of money needed for the north segment was much less than $250,000.00 and the amount for the south segment exceeded $250,000.00). Due to FDOT accounting methods from one fiscal year to another it was easier to change the scope of the two agreements to align with the construction costs instead of changing the original dollar amounts of each agreement.  The total reimbursable amount remains at $500,000.00, which will allow the City to recoup the contract amount of $476,295.00 with Concepts and Greenery.  If you have any questions, please contact Margaret Momberger (506-5661).

 

Staff recommends that Council approve the attached resolution authorizing the Mayor and City Manager to approve Amendment No. 1 to Landscaping Joint Participation Agreements between the City of Port Orange and FDOT; FM#240720-2 and 240757-2, Landscaping Improvements on Nova Road.

 

Item 23 -        Final Plat – Syford Acres Subdivision

 

This is a request to approve the Final Plat for the Syford Acres Subdivision.  If approved, the 1.68 acre site, located on the north side of Buttermilk Lane, west of Clyde Morris Boulevard, will be subdivided into four single-family lots. 

 

Planning Commission Recommendation:      The Planning Commission recommends approval 6-0 (Commissioner Atwood excused).  The Planning Commission’s recommendation for approval is subject to City Council approval of the subdivision variance referenced in the revised February 19, 2007, staff report. Please note that there is not a Subdivision Improvement Agreement (SIA) with this plat since a majority of required subdivision improvements were constructed with the Buttermilk Lane road/utility project and the remaining improvements will either be constructed on each lot at the time of development or waived if the variance is approved.

 

Staff recommends that Council approve the Final Plat for the Syford Acres Subdivision as recommended by the Planning Commission, subject to the approval of the subdivision variance referenced in the attached staff report.

 

G.                  PUBLIC UTILITIES

           

 

Item 24 -        Resolution No. 07-18 - Sale of Wetland Mitigation Bank Credits to the School Board of Volusia County for the Spruce Creek High School Improvements

 

 

The School Board of Volusia County has requested to purchase 1.8 state wetland mitigation bank credits for the Spruce Creek High School improvement project.  These credits are required to mitigate construction of the new track and drainage improvements at Spruce Creek High School.  The School Board has agreed to the terms of $37,500 per credit for a total cost of $67,500.

 

Per City policies, a 10% deposit has been received and a letter of intent has been sent to the School Board to assist them in completing their SJRWMD permitting.

 

The City mitigation bank has sufficient credits available for sale for this project.

 

Staff recommends approval of the sale of 1.8 mitigation bank credits to the School Board.  Once the sale is approved, the contract executed and the payment is received in full, the City will take formal action to officially record the sale on its ledger and notify the St. Johns River Water Management District of this project allocation.

 

Staff recommends that Council approve the resolution, authorizing the sale of 1.8 state wetland mitigation bank credits in the amount of $67,500, and authorize the Mayor and City Manager to sign documents on behalf of the City.

 

 

H.                 ADMINISTRATION

 

Item 25 -        Second Reading – Ordinance No. 2007-8 – Authorizing the Issuance of Not to Exceed $10,000,000 Capital Improvement Revenue Bonds, Series 2007

 

We recommend approval.

 

City Manager’s Comments:  Margaret and I have had a discussion about the potential of creating some type of benefit district or fee that would assess charges on all new development that is impacting the South Williamson Boulevard area.  It is important that we have a funding mechanism in place should any of this money be necessary for South Williamson road construction.  The concept is that new development would pay for the road improvements in this area rather than existing residents.  This will require interlocal agreements with surrounding governmental entities who are adding traffic to this sector of South Williamson. 

 

We have had discussions recently with some of the property owners in this area.  Regardless, there are certain Port Orange developments that cannot move forward at this time because the road between Moody Bridge and Airport Road is over capacity.  This does not mean that adjacent jurisdictions that vest trips at a different point in their development cycle will not continue to add trips on to the South Williamson section causing additional problems.

 

Item 26 -        First Reading – Ordinance No. 2007-10  - Amendments to the Port Orange Town Center Community Redevelopment Plan

 

The subject ordinance amends the Community Redevelopment Plan for Port Orange Town Center.  The proposed amendments are designed to provide appropriate updating to the Plan to ensure consistency of the CRA plan with the City’s recently adopted Riverwalk related amendments to the City’s Comprehensive Plan.   The attached staff report details the proposed amendments and provides a staff recommendation for approval. 

 

At its meeting of February 22, 2007, the Planning Commission voted unanimously (7-0) to recommend approval of the proposed Plan amendments, with a revision to the Conceptual Development Plan. The recommended revision would allocate 30 low-rise residential units to Area 3 by reducing the low-rise residential allocation in Area 1 from 50 to 25 units and the low-rise residential allocation in Area 2 from 30 to 25 units.   Staff and the Riverwalk Master Developer have no objection to this recommended revision.

 

The Community Redevelopment Agency for Port Orange Town Center will be providing its recommendation on this item prior to Council action.

 

Staff recommends that Council approve the attached ordinance amending the Community Redevelopment Plan for Port Orange Town Center, as modified by recommendation of the Planning Commission.

 

City Manager’s Comments:  Consideration of this Town Center ordinance will be contingent upon the CRA recommendation.

 

Second Reading:               March 20, 2007

 

 

Item 27 -        First Reading - Ordinance No. 2007-11  - Amending Chapters 4, 17, and 18 of the Land Development Code to Create a New Zoning District Entitled Planned Community – Port Orange Riverwalk (PC-R)

 

The subject ordinance amends Chapters 4, 17 and 18 of the Land Development Code to create a new zoning district entitled Planned Community – Port Orange Riverwalk (PC-R), and to provide appropriate cross-references in the code.  The subject LDC amendments are proposed to ensure consistency between the policies of the recently adopted Riverwalk related Comprehensive Plan amendments and the regulatory requirements contained within the LDC.  The attached staff report details the proposed amendments and provides a staff recommendation for approval. 

 

At its meeting of February 22, 2007, the Planning Commission voted unanimously (7-0) to recommend approval of the proposed LDC amendments, subject to two (2) revisions.  The recommended revisions include modifying the Conceptual Development Plan to allocate 30 low-rise residential units to Area 3 by reducing the low-rise residential allocation in Area 1 from 50 to 25 units and the low-rise residential allocation in Area 2 from 30 to 25 units.  The second modification would reduce the minimum lot size for Mixed Use from 3 acres to 1 acre.   Staff and the Riverwalk Master Developer have no objection to these recommended revisions.

 

The Community Redevelopment Agency for Port Orange Town Center will be providing its recommendation on this item prior to Council action.

 

Staff recommends that Council approve the attached ordinance amending the Port Orange Land Development Code to create the Planned Community – Port Orange Riverwalk (PC-R) zoning district, as modified by recommendation of the Planning Commission.

 

Second Reading:               March 20, 2007

 

Item 28 -        First Reading – Ordinance No. 2007-12 - Rezoning – From Current Zoning to PC-R (Planned Community – Port Orange Riverwalk)

 

The City of Port Orange is proposing to administratively rezone the 35.4 acre Riverwalk Redevelopment Project Area from its current zoning classifications to the newly-created zoning district entitled Planned Community – Port Orange Riverwalk (PC-R).  This rezoning is proposed to ensure consistency between the Future Land Use Map of the City’s Comprehensive Plan and the City’s Official Zoning District.  The attached staff report details the proposed rezonings and provides a staff recommendation for approval. 

 

At its meeting of February 22, 2007, the Planning Commission voted unanimously (7-0) to recommend approval of the proposed rezoning, contingent upon the Commission’s recommended revisions to the PC-R zoning district regulations. The recommended revisions to the PC-R zoning would allocate 30 low-rise residential units to Area 3 by reducing the low-rise residential allocation in Area 1 from 50 to 25 units and the low-rise residential allocation in Area 2 from 30 to 25 units.  The minimum lot size for the Mixed Use area would also be reduced from 3 acres to 1 acre.  Staff and the Master Developer have no objection to these recommended revisions.

 

The Community Redevelopment Agency for Port Orange Town Center will be providing its recommendation on this item prior to Council action.

 

Staff recommends that Council approve the attached ordinance rezoning the 35.4 acre Riverwalk Project area from its current zoning classifications to the Planned Community – Port Orange Riverwalk (PC-R) zoning district, as recommended by the Planning Commission.

 

Second Reading:               March 20, 2007

 

Item 29 -        Resolution No. 07-19 – Budget Appropriations

 

Council approved the acceptance of grants from the Florida Division of Emergency Management.  Also the City desires to acquire property for the Town Center redevelopment projects.

 

The attached resolution changes the budget appropriations to fund the grant project.  Also this resolution provides for a temporary loan to the Town Center fund to facilitate property acquisitions.  In addition this resolution provides for the repayment of the loan appropriation to the Drainage fund, which is to be repaid by grant proceeds appropriated in this resolution. Staff recommends approval.

 

Item 30 -        Resolution No. 07-20 – Issuance of Promissory Note for Acquisition of Land in Support of the Riverwalk Development

 

A contract for sale and purchase has been executed by the seller for the 2.3 +/- acre parcel located on the west side of U.S. 1 across from Riverside Pavilion.  This parcel is proposed for acquisition to facilitate the relocation of the Port Orange/South Daytona Chamber of Commerce.  Bridge funding, obtained from the City’s Loan Pool, will be used to fund this acquisition.  This will require City Council acceptance of a Promissory Note from the CRA.  The interest rate on this bridge loan is 5.5% per annum.  The bridge loan will be repaid when the POTC TIF bonds are issued later this Spring.   The issuance of POTC TIF bonds was authorized by Ordinance No. 2007-2, adopted on February 20, 2007.

 

Staff recommends that Council approve the attached resolution authorizing the issuance of a Promissory Note in the amount of $520,000 to the City of Port Orange, Florida, to finance the acquisition of the Dougherty Smith and Andrew Smith parcel on U.S. 1.

 

Item 31 -        Resolution No. 07-21 – Approval of Contract for Sale and Purchase – Dougherty Smith and Andrew Smith

 

The subject contract for sale and purchase involves a 100 ft. wide by 1005 ft. deep rectangular shaped parcel of land fronting the west side of U.S. 1, across from Riverside Pavilion.  This 2.3 +/- acre parcel is being acquired to facilitate the Riverwalk redevelopment by providing site options for relocation of existing enterprises within the project area.  While the Community Redevelopment Agency for Port Orange Town Center is technically the purchaser of this land, the subject contract is contingent upon approval by both the CRA and the Port Orange City Council.  

 

Bridge funding, obtained from the City’s Loan Pool, will be used to fund this acquisition.  This will require City Council acceptance of a Promissory Note from the CRA.  The interest rate on this bridge loan is 5.5% per annum.  The bridge loan will be repaid when the POTC TIF bonds are issued later this Spring.   The issuance of POTC TIF bonds was authorized by Ordinance No. 2007-2, adopted on February 20, 2007.

 

Staff recommends that Council approve the attached resolution authorizing the Mayor and City Manager to execute all documents required to purchase the subject property owned by Dougherty Smith and Andrew Smith.

 

 I.                     COUNCIL COMMENTS

 

Item 32 -        Comments/Concerns from Council Members

 

At this time, Council Members may discuss various matters of concern.

 

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