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MINUTES
DANIA CITY COMMISSION
WORKSHOP MEETING
JANUARY 19, 1983
ROLL CALL:
Present:
Mayor: John Bertino
Vice Mayor: Chester A. Byrd
Commissioners: Jean Cook
James Adams
Robert Donly
City Attorney: Frank Adler
City Manager: Richard Marant
City Clerk: Wanda Mullikin
1. DISCUSSION OF CAPTIAL PROGRAM
City Manager Marant informed the Commission that he had prepared an
estimated cost for the 1983 capital projects as follows:
DIGITAL POP 11/44 COMPUTER PROCESSOR - $ 93,464
+ FIRE, PERSONNEL & BUILDING SOFTWARE 60,000
TOTAL 153,464
SAND KING BEACH CLEANER - $ 45,400
CANON NP400/40OF COPIER - $ 8,200
MICROGRAPHIC EQUIPMENT - $ 19,767
TOTAL 226,831
City Manager Marant then read the following financing information:
DANIA BANK- LOAN AMOUNT $250,000
INTEREST RATE 6.75% p.a., or 4% below any local. com-
petitive bank bid, whichever is lower, payable quarterly
Repayment in 5 years. (LETTER ATTACHED)
BANK OF HALLANDALE
LOAN AMOUNT $226,831.00
INTEREST RATE 6.90% A.P.R with repayment terms of
$50,000 per year, principal and interest payment, with
the loan being paid in full within 6 years.(LETTER ATTACHED)
TRANS AMERICA BANK- NO INFORMATION SUBMITTED
DISCUSSION FOLLOWED
2. DISCUSSION OF WATER AND SEWER UTILITIES
City Manager Marant discussed the need for more administrative leadership
in the utility department. He also expressed the need for capital improve-
ments within the water system.
Mr. John Calvin City Engineer presented a long range study that he had made
as to the capital needs within the utility system at an approximate cost
of $295,000.
Workshop Meeting -1- January 19, 1983
f
i
After further discussion, City Manager Marant stated to the Commission
that he would set another workshop meeting to present the recommenda-
tions on the funding of the computer capital program and on any action
he felt should be taken on the utility improvements.
Meeting adjourned
- Co issioner
'City Clerk-Auditor
Workshop Meeting -2- January 19, 1983
�Jrr •
THE DANIA
January 12, 1983 n,
1, \v
Mr. Richard Marant
City Manager
City of Dania
100 [lest Dania Beach Blvd.
Dania, Florida 33004
Dear Dick:
In response to your January 5, 1983 letter, and pursuant to our. ,
earlier conversation with you and Nanci Denny, our Bank will be
most pleased to support the City of Dania's 1983 "Capital Improve-
ment Program" . To this end, we propose for your considerations a
loan based on the following terms and conditions:
AMOUNT; Up to $250,000.
i
PURPOSE: To finance equipment purchases, the details
of which have been supplied to the Bank.
INTEREST 6 .75% p.a. , or k% beloio any local competitive
RATE: bank bid, whichever is lower, payable quarterly.
LOAN FEES/ None.
MISC. EXPENSES:
REPAYMENT As to principal, equal semi-annual payments
PROS_ over 5 years;total annual payments , principal
and interest, to approximate a maximum o£
$50,000. The bank will supply an amortization
schedule.
Y
COLS L: The purchased equipment.
PREp_ AA;.+,ENT: In whole, or in part, at anytime without penalty.
TER a. City to submit audited finan
OTHER MS cial statements
AND TERTIONS: as soon as practicable following each fiscal
year-end during the life of the loan.
b bank continue of Dania to
accounts with TheDania1Bank. its.
The Dania Bank Main office: 255 E. Dania Beach Blvd., Dania, FL 33004
„E Tel. (305)925.2211, North Broward: 525.2950, Dade:945 6341; Telex: 51.43
® Page two •
We hope the above will meet with your approval and that our Bank
and the City will continue the close relationship which we have
enjoyed, almost from the inception of Dania.
Dick, if you have any questions, please do not hesitate to call
as the outline of the above loan proposal is not carved in stone.
With kind personal regards,
Sincerely,
Andrew F. Toxey
Executive Vice President
AFT/ms
CITY OF DANIA
INTER-OFFICE MEMORANDUM 01-1-83
TO: Richard Marant, City Manager
FROM: Nanci Denny, Administrative Assistant
RE: Estimated cost for capital projects
DATE: January 4, 1983
I have indicated below the total estimated cost with regard to the four
capital projects we have been discussing:
DIGITAL PDP 11/44 COMPUTER PROCESSOR - . 93,464
+ FIRE, PERSONNEL & BUILDING SOFTI•IARE 160 000 TOTAL
SAND KING BEACH CLEANER - $ 45,400
CANON NP400/400F. COPIER - 8,200
MICROGRAPHIC EQUIPME147 :.'$'19;767
$226,831 TOTAL
a�;tr
(x.
BANK
OF HA�L.AN DALE
AND TRUST COMPANY
E 9R T RLING SRD.SDANIAG D FL. 33004 BRANCH
1
TEL, NOS. BROWARD 922.7501 - DADE 949.4111
J
January 13 , 1983
l 3 ? 3
-
Richard Marant, City Manager „/
City of Dania tY
100 West Dania Beach Blvd.
Dania, FL 33004
RE: City of Dania's C pital
Improvement Program
Dear Mr. Marant:
The Bank of Hallandale and Trust Company would
like to take this opportunity to submit to you its specific
commitment of, the terms of the above referenced loan program.
The amount of this loan will be the amount. supplied by Ms.
Denney of $226,831.00.
The Rate will be 6.90% A•P•R• with repayment
terms as follows : $50,000.00 per year, principle
and interest payment, with the loan being paid in full within
six (6) years. As you requested, should the Bank of
Hallandale and Trust Company be awarded the loan, the
entire sum will be made available to you on a draw basis,
with you paying interest only on the funds you have drawn.
Basically, I have extracted the terms of this loan
in your letter of January 5, 1983. If
from those you requested,
you would like to amend the repayment schedule, please feel free
to discuss it with me before the compaan ny isnasm your•disposal As 'for
the Bank of Hallandale and Trust Comp y
any banning needs that may arise at the City.
Sincer�ly,
seph C. sey
Assistant' ice President
Branch Manager
JCD:j la
AGENDA
DANIA CITY COMMISSION
WORKSHOP MEETING
JANUARY 19, 1983
5:30 P.M.
1. Discussion of Capital Program.
2. Discussion of public works, water & sewer utilities.