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09/20/2002Agenda: (09/20/02) Item #32 i Item #: % a ?? t Clearwater City Work session W' 1 Commission Final Agenda Item # " 3011- Agenda Cover Meeting Date: Memorandum SUBJECT/RECOMMENDATION: Approve modifications to fees charged for right-of-way permits according to Article XIX, Streets, Sidewalks, Other Public Places of Appendix A, Clearwater Code of Ordinances and pass Ordinance #6856-01 on first reading, Z and that the appropriate officials be authorized to execute some. SUMMARY: • Pursuant to the recently enacted Communications Services Tax Simplification Law, the City Commission on June 21, 2001 adopted Resolution #01-22 electing not to collect right-of-way permit fees from providers of communications services. • This allowed the City to adopt the increased tax conversion rates for providers of Communications Services. • Also, on December 12, 2000, the City Commission approved additions to Chapter 32, Code of Ordinances regarding right-of-way permits. These additions included establishment of an "annual general permit" category. • The subject modifications to Appendix A of the Code of Ordinances exempt providers of communications services from right-of-way permit fees and set a fee for annual general permits. • Clarification has also been provided for other right-of-way permit fees, Including codification of current policy of charging $150.00 for all basic right-of-way construction permits for work other than connecting to an existing utility. Reviewed by: Originating Dept: -fin, Costs Legal Info Srvc NIA Public Works (M. Quille) Total None Budget N/A Public Works User Dept. Funding Source: Purchasing N/A DCNVACM Current FY CI Risk Mgmt N/A Other Attachments OP Ordinance #6856-01 Other Submitted by: City Manager ? None Appropriation Code: .R;u Printed on recvcied naner Rev. 219S ORDINANCE NO. 6856-01 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING APPENDIX A, SCHEDULE OF FEES, RATES AND CHARGES RELATING TO APPLICATION FEES FOR RIGHT-OF-WAY PERMITS; PROVIDING AN EFFECTIVE DATE. WHEREAS, home rule power, under the Florida Constitution and Chapter 166, Florida Statutes, empowers the City to control use of its rights-of-way; and WHEREAS, in order to recover costs associated with the processing of right-of-way permit applications, the City charges a permit application fee; and WHEREAS, the City recently adopted Code of Ordinance revisions creating an Annual General Permit for utility work in rights-of-way; and WHEREAS, pursuant to the Communications Services Tax Simplification Law, Laws of Florida No. 2001- 140, the City has elected not to charge right-of- way permit application fees to telecommunications companies; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA, that: Section 1. Appendix A, Schedule of Fees, Rates and Charges, Code of Ordinances, is amended to read: APPENDIX A -- SCHEDULE OF FEES, RATES AND CHARGES XIX. STREETS, SIDEWALKS, OTHER PUBLIC PLACES: (3) Right-of-way permit (a) Single family residence/duplex ............................... $ 25.00 (b) Multi-family/Commercial....................................... $125.00 (c) Sidewalk (construction of new or replacement sidewalk) ........................................................... $ 50.00 Ordinance 96856-01 (d) Subdivision development permit (construction of a new subdivision and/or construction of new streets (private or public with accompanying street utility connections such as a sanitary sewer, water, storm drainage systems) ........................................................... $200.00 Plus per gross acre ............................................. $ 50.00 (e) Utilities: Reclaimed water connection fee ............................ None Utility connection or Construction ............................................$ 00.90 $150.00 No pavement cut; fee per each utility involved and per each connection. Utility connection or Construction ..................................................... $200.00 Pavement cut; fee per each utility involved and per each connection. Annual General Permit ......................................... $400.00 Providers of communications services .................... None (f) Miscellaneous permit (work requiring engineering inspection in an easement or for other miscellaneous work) ............................................................... $ 50.00 (g) Failure to obtain r.o.w. permit before starting work.... Double Fee 2 Ordinance #6856-01 Section 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING PASSED ON SECOND AND FINAL READING AND ADOPTED Approved as to form: V Jane Hayman Assistant City Attorney Brian J. Aungst Mayor-Commissioner Attest: Cynthia E. Goudeau City Clerk 3 Ordinance #6856-01 ism~? 1 Clearwater City Commission Worksession Item #: Final Agenda Item # 2 Agenda Cover Meeting Date: 09/20/01 Memorandum SUBJECT/RECOMMENDATION: City Commission direct staff to evaluate and provide recommendations regarding amendment to the Beach By Design consistent with the development program proposed on the Yacht Basin property ? and that the appropriate officials be authorized to execute some, SUMMARY: • Mr. David Mack (Mack project) has purchased the old Yacht Basin property and is proposing a redevelopment plan for the property. The property currently is developed with 202 apartment units in outdated "barracks" style structures. Mr. Mack will be presenting his proposed redevelopment plan for the property. He has previously made presentations on the project to the Clearwater Beach neighborhood and business associations and the community in general at the Harborview Center. • The Mack project proposes razing and clearing the site and redeveloping the property with approximately 214 condominium units in a variety of urban design styles ranging from two story townhomes along the southern edge (Baymont Street) to a 130 foot high penthouse structure configured on the northeast corner of the property. • The project proposes landscaped public pedestrian edges on the west (Mandalay) and south (Baymont) sides and an approximately one half acre public park on the southwest corner. The project also includes a central open space plaza running east to west through the property. Mr. Mack has. also indicated an interest in financially supporting the development of additional public parking in proximity of his project. The Mack project does propose accommodating all required parking for the project on site below grade. • The property is in the "Marina Residential District" as defined in Beach By Design. The plan recommends this area be redeveloped "as a waterfront residential development". This area also includes the "East Shore" area which is recommended for land consolidation. Beach By Design calls for the height of development on this property to be "mid rise", which would generally be 50 to 75 feet. Reviewed by: Originating Dept.: Costs Legal N/A Info Srvc N/A Economic Develo ment Total -0- Budget N/A Public Works N/A User Dept.: Funding Source: Purchasing N/A DCIV1/ACM 7dw Economic Development Current FY -0- CI Risk Mgmt N/A Other Attachments OP Other Submitted by: City Manager " 44w4LO C None Appropriation Code: Printed on recycled paper Page 2. Agenda Item - Yacht Basin Property • Several approvals are required for the project. Beach By Design would need to be amended by the City Commission to allow additional height on the Yacht Basin property. A site plan and design plan would have to be approved by the Community Development Board. A rezoning of the property to High Density Residential would also be appropriate since the land use on the property is already High Density Residential. This zoning category allows heights up to 130 feet on properties fronting on the Clearwater Bay. Summary Staff's preliminary review of the proposal indicates that a sophisticated and desirable design treatment is being proposed for the property. The large size of the property can support the proposal and meet the intent of Beach By Design. Administration recommends initiating an amendment to Beach By Design that will track the same public hearing schedule as the site plan and rezoning. The Beach By Design amendment and the rezoning will have final approval by the City Commission after review and recommendation by the Community Development Board. 2 Third Quarter Budget Review Fiscal 2000-01 City Manager's Transmittal Memorandum TO: Mayor and City Commission FROM: Bill Home, City Manager COPIES: Garry Brumback, Assistant City Manager Department Directors SUBJECT: Third Quarter Budget Review - Amended City Manager's Annual Budget Report DATE: . September 11, 2001 Attached is the Third Quarter Budget Review in accordance with the City Code of Ordinances. 3q The report is based on nine months of activity (October, 2000 through June, 2001) in this fiscal year. The report comments on major variances, as well as documents all proposed amendments. Significant Fund amendments are outlined below: General Fund General Fund expenditure amendments total $709,945, including the following: Proceeds of $230,000 are recognized from the sale of the cultural arts center and allocated for the start-up costs for the Northwest Recreation and Aquatics Center. Also, $124,625 representing proceeds of a Central Insurance Fund loan for the police equipment approved by the Commission and is allocated to the Police Computer project. Other minor expenditure amendments total $25,320. Amendments of $330,000 recognize the Commission approved allocation of retained earnings for repairs to Jack Russell Stadium and additional advertising funds. Anticipated revenue amendments exceed expenditures amendments by $162,618, and this amount is returned to retained earnings at third quarter, requiring only a net allocation of $167,382 from General Fund retained earnings. Water & Sewer Fund The Water and Sewer Fund expenditures reflect an estimated decrease of $17,972,760 at third quarter. All amendments are a result of the proposed restructuring of the Water and Sewer projects as approved by the City Commission on September 6, 2001. Gas Fund At third quarter, Gas Fund amendments recognize a net increase of $374,210 in gross revenues over expenditures, primarily due to increases in sales revenues and interest earnings. The Gas Operating Fund is anticipating a healthy year-end, with estimated gross revenues exceeding operating expenditures by over $1.5 million for the fiscal year. Third Quarter Budget Review Fiscal 2000-01 City Manager's Transmittal Solid Waste Fund Budget amendments for the Solid Waste Fund reflect anticipated increases in commercial collections, roll- off revenues, and other revenues totaling $170,000. Expenditure amendments recognize an increase in dump fees and other expenditures of $50,970. The increase in revenues more than offsets any anticipated increase in expenditures. Marine c& Aviation Fund Due to the warm winter months, the Marine and Aviation Fund reflects an increase of gas and oil inventory purchases, as well as an offsetting increase in fuel sales. Parkins Fund At third quarter, Parking Fund revenues reflect an anticipated increase of $124,000 in annual interest earnings. Estimated gross revenues are expected to exceed operating expenditures by over $1 million for the fiscal year. Administrative Services Fund The third quarter amendments recognize the appropriation of $100,000 of retained earnings to the capital project for the Financial System Replacement which was approved by the City Commission in July, and a budget increase in cell phone costs and related charges to departments totaling $70,000 and approved by the Commission in August. Garage Fund At third quarter, Garage Fund revenues reflect an anticipated increase of $150,000 from the sale of surplus vehicles. Capital Improvement Fund The amendments to the Capital Lrnprovement Fund total a net increase of $2,498,202. The major source of increase Fund expenditures include the establishment of the capital projects approved by the Penny for Pinellas bonds issued this summer. Other significant amendments include those resulting from the proposed restructuring of the Water and Sewer projects as approved by the City Commission on September 6, 2001. Special Program Fund The amendments to the Special Program Fund total a net increase of $1,484,583. Project amendments recognize a project entitled E.C. Moore Fields 8 & 9 in the amount of $530,000 recognizing a possible grant and proceeds from Calvary Church for the development of ball fields based upon last summer's referendum. In addition, other grant fund funds and donations are recognized totaling over $665,000, particularly for public safety and recreation programs. If you have any further questions, or would like additional detail, I would be pleased to discuss this quarterly review and my recommended amendments with you. CITY OF CLEARWATER THIRD QUARTER SUMMARY 2000/01 FY 00/01 Amended Third Third Third Adopted Previous Quarter Quarter Quarter Amended Description Budget Quarter Projected Actual Variance % Adjustment Bud et General Fund: Revenues 83,590,000 83,233,086 63,058,409 63,767,038 708,629 1% 709,945 83,943,031 Expenditures 83,590,000 83,233,086 62,932,076 59,829,290 3,102,786 5% 709,945 83,943,031 Utility Funds: Water & Sewer Fund Revenues 40,558,520 41,454,370 30,734,225 28,423,204 -2,311,021 -8% -2,853,000 38,601,370 Expenditures 39,482,520 39,340,830 29,940,457 28,367,625 1,572,832 5% -17,972,700 21,368,130 %oanwatgr Fund Revenues 5,055,000 5,387,210 4,123,460 3,826,297 -297,163 -7% 0 5,387,210 Expenditures 5,036,180 5,364,820 4,265,996 4,023,313 242,683 6% 0 5,364,820 Gas Fund Revenues 23,068,450 32,824,740 26,890,469 26,208,389 -682,080 -3% 431,080 33,255,820 Expenditures 22,999,180 31,621,575 26,147,529 24,032,795 2,114,734 8% 56,870 31,678,445 Solid Waste Fund Revenues 15,384,000 15,757,000 11,859,253 12,099,951 240,698 2% 170,000 15,927,000 Expenditures 15,367,580 15,539,820 11,743,286 11,212,243 531,043 5% 50,970 15,590,790 Regyclin Fund Revenues 2,320,330 2,393,540 1,790,982 1,840,591 49,609 3% 3,950 2,397,490 Expenditures 2,320,330 2,393,440 1,883,440 1,770,484 192,956 6% 570 2,394,010 Enterprise Funds: Marine & Aviation Fund Revenues 2,852,660 3,466,511 2,110,034 2,264,333 154,299 7% 237,980 3,704,491 Expenditures 2,815,930 3,403,731 2,783,499 2,861,366 -77,867 -3% 210,000 3,613,731 Paridna Fun Revenues 3,608,748 3,937,978 2,906,234 3,022,120 115,886 4% 124,000 4,061,978 Expenditures 2,939,920 3,048,600 2,378,259 2,097,801 280,458 12% 0 3,048,600 Harborview Center Revenues 2,442,420 4,357,000 3,746,395 3,776,239 29,844 1% 0 4,357,000 Expenditures 2,433,870 2,446,539 1,819,113 1,417,717 401,396 22% 0 2,446,539 Intemal Service Fund General Servic2s Fund Revenues 2,885,690 2,885,690 2,164,266 2,167,877 3,611 0% 0 2,885,690 Expenditures 2,835,000 2,853,000 2,140,206 2,251,716 -111,510 -5% 0 2,853,000 Administrative ©rvices Revenues 7,779,880 7,758,508 5,770,065 5,579,506 -190,559 -3% 170,000 7,928,508 Expenditures F d 7,779,880 7,758,508 5,820,018 4,989,599 830,419 14% 170,000 7,928,508 Garane un Revenues 8,821,000 8,711,000 6,509,461 6,684,374 174,913 3% 150,000 8,861,000 Expenditures F ll 8,778,510 8,668,510 6,471,076 7,674,082 -1,203,006 -19% 0 8,668,510 un nsuran Qentra Revenues 12,425,180 17,865,219 14,732,878 10,038,338 -4,694,540 -32% 0 17,865,219 Expenditures 10,577,260 15,670,260 12,651,459 12,526,550 124,909 1% 0 15,670,260 THIRD QUARTER REVIEW AMENDED CITY MANAGER'S FISCAL YEAR 2000-01 REPORT PAGE # General Fund Operating Budget .................................................................................................................................... 3 Utility Fund Operating Budget ...................................................................................................................................... 8 Other Enterprise Funds Operating Budgets .................................................................................................................13 Internal Service Funds Operating Budgets .................................................................................................................. 15 Capital Improvement Program Budget ........................................................................................................................ 19 Special Program Fund Budget ..................................................................................................................................... 36 Special Development Funds ........................................................................................................................................ 49 Administrative Change Orders ..................................................................................................................................... 51 Ordinances ................................................................................................................................................................... 52 Third Quarter budgets were projected in the following manner: All department expenditure budgets have been established on a month-to-month basis so that projects identified in the report are not simply time percentages applied to annual budgets but rather department director's judgment of nionth-to-month expenditures. This technique was also used for revenue projections. The actual and projected data contained in this review represents nine months, October 1, 2000 through June 30, 2001, The adjustments, however, represent all data available at the time of the report, including action taken by the City Commission after June 30, 2001. Definitions associated with the operating funds information is presented as follows: Definitions: Original Budget The budget as adopted by the City Commission on September 21, 2000. Third Quarter Projections Monthly budgets submitted by departments are based on prior year experience and unique circumstances. Third Quarter Actual Self-explanatory. Variance Difference between Third Quarter projected and Third Quarter actual. Variance % % of variance to Third Quarter projection. Adjustments Adjustments which have been approved by the City Commission, made at the Manager's discretion, and/or adjustments proposed based on Third Quarter review. Amended Budget Adding the Original Budget and Adjustments. Amended Budget % Percentage change of amended budget to original budget. 1 Capital Improvement Projects The amended 2000/01 Capital Improvement Projects budget report is submitted for the City Commission review. This review provides the opportunity to analyze the status of all active projects and present formal amendments to the project budget. The Capital Improvement and Special Program funds information is presented as follows: Definitions: Budget Amendment Revised Budget Expenditure Encumbrance Available Balance Status Amend Ref The budget as of October 1, 2000 which includes budgets from prior years which have not been completed. Amendments which have been approved by the City Commission, made at the Manager's discretion, and/or adjustments proposed as a result of the Third Quarter review. Adding columns one and two. Self-explanatory. Outstanding contract or purchase order commitment. Difference between revised budget and expenditure plus encumbrance. C - project is completed Reference number for description of amendment. 2 City of Clearwater General Fund Revenues Third Quarter Amendments FY 2001/02 Increase/ (Decrease) Property Taxes 186,600 Description By the end of July, basically all the property tax revenues have been received for the fiscal year. The budget is adjusted to reflect actual collections to date. The budget amendment reflects increases of electric, gas, and cable franchise fees based on collections for the first ten Franchise Fees 495,378 months of the year. The budget amendment reflects decreases in anticipated revenues from telephone, water, gas, and electric utility taxes Utility Taxes (876,580) based on collections for the first ten months of the year. The budget amendment reflects an increase in building Licenses & Permits 100,000 permits. Fines, Forfeitures & Penalties No Amendment. Fines, Forfeitures & Penalties are approximately as estimated. Federal Intergovernmental revenues reflect a decrease of $37,300 in anticipated Community Development Block Grant funding, and increases of $4,200 of anticipated HOME Grant funding and $15,440 of anticipated Housing Incentive (17,660) funding. State Intergovernmental revenues reflect an increase of 40,020 $40,020 mobile home revenues. County Intergovernmental revenues reflect a decrease of $32,000 of reimbursement from the Community Redevelopment Agency due to savings in salary expenditures. The Intergovernmental revenues amendment Intergovernmental (32,000) is a net decrease of $9,640. The budget amendment reflects decreases in several recreation revenues, lot mowing revenues, library fines library room rental, and site plan reviews, which are partially offset Charges for Service (98,320) by increases in Pier 60 revenues. 3 City of Clearwater General Fund Revenues Third Quarter Amendments FY 2001/02 Increase/ (,Decrease) Use & Sale of City Propertv' 522,740 Description The budget amendment reflects the $230,000 increase from the sale of the cultural arts workshop and an Increase of $254,840 of anticipated interest earnings on equity in pooled cash, increases of $35,080 for Pier 60 and Beach Pavilion. rentals, and an increase of $2,820 insurance reimbursements. The net budget increase is $522,740. The budget amendment recognizes a $40,000 decrease in the anticipated revenues from miscellaneous sources for the Miscellaneous (40,000) fiscal year. The budget amendment reflects an increase in anticipated revenues from concrete fees generated from public works Interfund Other Service 62,000 construction provided to outside or enterprise operations. Charaes The budget amendment reflects the $75,760 increased reimbursement to the General Fund from the Clearwater Employees Pension Plan for the cost of overseeing the plan, as approved by the Pension Trustees on 9/5/00, and $124,625 representing proceeds of a Central Insurance Fund Interfund Transfer 200,385 loan for the Police Computer project, approved 1/20/00. The budget amendment reflects the appropriation of retained earnings for the following: $300,000 for emergency repairs to Jack Russell Stadium, as approved by the Commission on 7/12101, and $30,000 for increased advertising for the City Clerk's office due to the larger number of annexations, approved 6/12/01. In addition, approximately $162,618 Is returned to the General Fund retained earnings due to budget amendments recognizing revenues in excess of operating expenditures, and reflecting a net allocation of Transfer from Surplus 167,382 $167,382. Not Fund Amendment 709,945 4 City of Clearwater General Fund Expenditures Third Quarter Amendments FY 2000101 Increase/ Decrease Description Human Relations The budget amendments reflect several line item adjustments that are self balancing. Operating savings of $372 are being transferred to Special Development Fund project 181-99561, HUD Computers, to provide funding needed to close the project. The budget amendment reflects an increase of $30,000for advertising services due to the large number of annexations, funded from unappropriated retained earnings of the General Fund as approved by the Commission on 6/21/01. In addition, savings within the City Clerk operating budget provides for the transfer of $105,510 to the Capital Improvement project 315- 94753, Centralized records/Imaging System. T net City Clerk 30,000 deoartment amendment is an increase of $30.000. The budget amendments allocate operating saving totaling $139,735.92 to provide matching funding and additional necessary funding for the following Special Program projects: $24,944.00 to 181-99326, LLEBG year 5, $77.94 to 181-99336, GIS 2000, $3,029.31 to 181- 99306, Bulletproof Vests, $17,191.80 to 181-99347, LLEBG Year 3, $721.87 to 181-99349, Weed & Seed Asset Forfeiture, and $93,771.00 to 181-99375, COPS Universal Grant. In addition, debt service savings within the Police Department of $272,150 are allocated to Capital Improvement project 315-91127, Police Computer network to fund purchases that cannot be lease purchased. The net department amendment Is Police - $0. The budget amendments allocate operating savings total ing$1 54,000 to the following projects: $65,000 of matching funding to 181-99991, Trailer park Fire Hydrant Grant, $15,000 of matching funding to 181- 99992, Fire Prevention Education Grant, and $74,000 to 351-91240, County GIS project. The net depa ent Fire - amendment is $0. 5 City of Clearwater General Fund Expenditures Third Quarter Amendments FY 2000/09 Increase/ (Decrease? Description Operating savings in the amount of $69,770 of Development Services Department are being transferred to capital Improvement program project 315- 94801, Tidemark Upgrade, to fund consulting, training, and other miscellaneous expenditures that can not be Plannine & Development - lease purchased. The net budget amendment is $0. Services The budget amendments reflect an increase of $2,820 for the replacement of stolen or damaged equipment. This is offset by an equal increase in insurance proceeds. Also, operating savings are being used to fund the purchase of a $3,000 tennis ball machine, and a $26,500 of computer equipment needed in conjunction Parks and (Recreation 2,820 with the photo ID card system. The budget amendments reflect the increased inventory purchases and additional personnel costs due to.having an employee on extensive sick leave. These increases are partially offset by $13,700 of increased revenues for Pier 60 22,500 Pier 60. Non-Departmental Transfers to (from) Other Funds 654,625 Operating Expenditures The budget transfer to Capital Improvement project 315-93243, NW Recreation & Aquatic Center Start-up is offset by the increase in revenues from the sale of the 230,000 Cultural Arts Workshop. The budget transfer of unappropriated retained earnings to Capital Improvement project 315-93242, Jack Russell Stadium Infrastructure Repairs, as 300,000 approved by the Commission on 7/12/01. the budget transfer of Central Insurance Fund loan proceeds to Capital Improvement project 315-91127, Police Computer Network, for the purchase of the Records management System, as approved by the 124,625 Commission on 1/20/00. 654,625 net Non-Departmental Net Fund Amendment 709,945 8 GENERAL FUND THIRD QUARTER REVIEW For Nine Month Period of October 1, 2000- June 30, 2001 2000/01 2000101 MY Amended Third Qtr. Third Qtr. Budget Proposed 3 Qtr Amended General Fund Reve Budget Projection Actual Variance % Amendment Budget nues Property Taxes 25,832,120 25,050,000 25,368,265 318,265 1% 186,600 26,018,720 Franchise Fees 8,398,322 5,160,044 5,533,792 373,748 7% 495,378 8,893,700 Utility Taxes 16.090,330 10,283,725 9,956,907 (326,818) -3% -876,580 15,213,750 Licenses & Permits 3,417,120 1,983,132 2,064,798 81,666 4% 100,000 3,517,120 Fines, Forfeitures, & Penalties 1,500,000 1,035,619 1,014,418 (21,201) -2% 0 1,500,000 Intergovernmental Federal 405,500 226,199 169,975 (56,224) -25% -17,660 387,840 State 8,259,800 5,293,099 5,397,118 104,019 2% 40,020 8,299,820 County/Other 5,784,099 3,889,908 3,889,908 0 0% -32,000 5,752,099 Charges for Service 1,924,810 1,309,623 1,187,972 (121,651) -9% -98,320 1,826,490 Use & Sale of City Property 1,005,790 754,362 992,865 238,503 32% 522,740 1,528,530 Miscellaneous Revenues 205,705 113,887 71,835 (42,052) -37% -40,000 165,705 Interfund Adm Service Charge 4,687,190 3,515,400 2,142,973 (1,372,427) -39% 0 4,687,190 interfund Other Service Charges 2,715,200 2,063,904 2,719,862 655,958 32% 62,000 2,777,200 Interfund Transfer 3,600,300 2,382,959 2,719,862 336,903 14% 200,385 3,800,685 Operating Revenues 83,826,286 63,061,861 63,230,550 168,689 0% 542,563 84,368,849 Transfer (to) from Surplus (593,200) 0 0 0 n/a 167,382 (425,818) Total Revenues 83,233,086 63,061,861 63,230,550 168,689 0% 709,945 83,843,031 General Fund Expenditures City Commission 219,170 165,861 154,411 11,450 7% 0 219,170 City Manager's Office 699,850 518,569 427,100 91,469 18% 0 699,850 Economic Development 718;410 556,407 494,544 61,863 11% 0 718,410 Grant Writing 66,180 48,572 36,390 12,182 25% 0 66,180 Human Relations 577,950 497,379 487,246 10,133 2% 0 577,950 Office of Management & Budget 258,850 195,287 192,626 2,661 1% 0 258,850 City Auditor's Office 138,200 103,096 91,377 11,719 11% 0 138,200 Public Communications & Marketing 850,920 641,034 543,522 97,512 15% 0 850,920 Legal 1,236,310 917,078 696,416 220,662 24% 0 1,236,310 City Clerk 1,180,390 887,208 777,920 109,288 12% 30,000 1,210,390 Finance 1,811,040 1,359,206 1,254,891 104,315 8% 0 1,811,040 Human Resources 1,039,990 786,122 775,200 10,922 1% 0 1,039,990 Police 26,603,650 19,932,162 19,284,186 647,976 3% 0 26,603,650 Fire 15,106,950 11,652,961 10,786,140 866,821 7% 0 15,106,950 Planning & Development 4,486,480 3,356,342 3,165,144 191,198 6% 0 4,486,480 Quality of Life 706,065 601,981 616,913 (14,932) -2% 0 706,065 Parks & Recreation 13,250,370 9,817,236 9,401,677 415,559 4% 2,820 13,253,190 Library 4,426,796 3,491,369 3,381,122 110,247 3% 0 4,426,796 Pier 60 310,690 236,675 256,430 (19,755) -8% 22,500 333,190 Sailing Center 170,020 127,110 116,307 10,803 8% 0 170,020 Public Works Administration 7,471,140 5,590,946 5,398,832 192,114 3% 0 7,471,140 Non-Departmental 1,903,665 1,449,475 1,490,896 (41,421) -3% 654,625 2,558,290 Unallocated Surplus - - Total (Expenditures 83,233,066 62,932,076 59,829,290 3,102,786 5% 709,945 83,943,031 7 3 City of Clearwater Utility Funds Third Quarter Amendments FY 2000/01 Increase/ LQecrease) Descriation At third quarter, Water & Sewer Fund anticipated revenges exceed anticipated expenditures by $17,233,300 for FY Water & Sewer Fund 2001/01. Third quarter revenue amendments reflect decreases of $2,066,000in water sales and $1,279,000 in sewer charges due to water conservation efforts. These are partially offset by a $400,000 increase in anticipated interest earnings on equity in pooled cash, and a $92,000 increase in reclaimed water revenue due in part to a rate increase in multi-family residences Revenues: (2,853,000) effective 10/19/00. Third quarter amendments reflect the return of $11,941,560 of sewer revenue $5,902,200 of water revenue, and $360,000 of reclaimed water revenue from capital improvement projects. These funds are being replaced with other funding from water & sewer bonds, utility R&R funds, Pinellas County reimbursements, and the transfer of $231,000 of water impact revenue to capital improvement projects. All amendments are a result of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6,2001. The net budget amendment is a decrease of Expenditures: (17,972,760) $17,972,760. At third quarter; Stormwater Fund anticipated revenues exceed Stormwater Fund anticipated expenditures by $22,390 for FY 2000/01. No revenue amendments are proposed for the Stormwater Revenues: 0 Fund at third quarter. Third quarter amendments reflect several line item adjustments that offset each other. Operating savings are being used to fund the replacement of four personal computers with two PC's and two laptop computers, and to fund the purchase of Expenditures: 0 two mechanical thumbs for the excavators. 8 City of Clearwater Utility Funds Third Quarter Amendments FY 2000/01 Increase/ (Decrease) Description At third quarter, Gas Fund anticipated revenues exceed Gas Fund anticipated expenditures by $1,577,375 for FY 2000101. Third quarter revenue amendments primarily reflect Revenues: 431,080 increases in sales revenue and anticipated interest earnings. Third quarter expenditure amendments reflect the following: an increase of $8,510 in Administration & Supply due to the cost of contractual services for the gate stations and increased insurance premiums; an increase of $30,930 in the South Area Gas Operations due to correction of the personal services expenditure budget; an increase of $76,530 in North Area Gas Operations due to taxes; and a decrease of $59,100 in Gas Marketing & Sales due primarily to delays in residential contractor construction and decreased advertising costs. The net overall expenditure amendment for the Gas Fund is an increase of $56,870, which is offset by an increase in anticipated revenues. In addition, savings in other fund expenditures provides for the transfer of $50,000 to the capital improvement project 315- 94736 for the Geographical Information System, approved Expenditures: 56,870 7/12/01. At third auarter, Solid Waste Fund anticipated revenues exceed Solid Waste Fund anticipated expenditures by $336.210 for FY 2000/01, Third quarter revenue amendments reflect increases of $100,000 for commercial collections, $34,000 for increased roll- off containers pick-ups, $20,000 for the retail sale of cart tippers, $15,000 for late payment fees, and $1,000 for Dunedin franchise Revenues: 170,000 fees. The net budget amendment is $170,000. Third quarter expenditure amendments reflect a $50,000 increase in dump fees due to additional collections, and an increase of $970 for various operating expenses. The net budget amendment of $50,970 is offset by increases in Expenditures: 50,970 anticipated revenues. 9 City of Clearwater Utility Funds Third Quarter Amendments FY 2000/01 Increase/ (Decreases Description At third quarter, Recycling Fund anticipated revenues exceed Recvclina Fund anticipated expenditures by $1,070 for FY 2000/01. The third quarter amendments to Recycling revenues reflect increases for $8,000 for higher than projected billings for collections from multi-family customers and $1,000 for late fees, along with decreases for $5,000 for residential collection fees and $50 for the State of Florida Recycling Grant. The net budget Revenues: 3,950 amendment is $3,950. Budget amendments reflect increases for radio services, telephone services, office supplies, and document reproduction totaling $2,380, and a decrease of $1,810 to return funding from Special Program project 181-99987, Countryside Recycling, which is being closed, for a net increase in Recycling Fund expenditures of $570. The expenditure increase is easily offset Expenditures 570 by anticipated increases in Recycling revenues. 10 UTILITY FUNDS THIRD QUARTER REVIEW For the Nine Month Period of October 1, 2000 to June 30, 2001 2000101 2000101 MY Amended Third Qtr. Third Qtr. Budget Proposed 3 Qtr Amended Budget Projection Actual Variance % Amendment Budget Water & Sewer Fund Revenue$ Operating Revenues: Water Revenue 18,695,000 14,021,253 12,607,625 -1,413,628 -10% -2,066,000 16,629,000 Sewer Revenue 18,198,000 13,648,500 12,689,175 -959,325 -7% -1,279,000 16,919,000 Reclaimed Water 200,000 150,003 189,207 39,204 26% 92,000 292,000 Total Operating Revenue 37,093,000 27,819,756 25,486,007 -2,333,749 -8% -3,253,000 33,840,000 Other Operating 1,040,000 779,994 746,130 -33,864 4% 0 1,040,000 Other Revenue 1,436,500 1,077,381 1,562,010 484,629 45% 400,000 1,836,500 Other Financing Sources 1,884,870 1,057,094 1,030,639 -26,455 -3% 0 1,884,870 Operating Revenues 41,454,370 30,734,225 28,824,786 -1,909,439 -6% -2,853,000 38,601,370 Transfer from Surplus - 0 0 0 0 0 Total Revenues 41,454,370 30,734,225 28,824,786 -1,909,439 -6% -2,853,000 38,601,370 Water S Sewer Fund Expenditures Public Utllites Administration Wastewater Collection Water Distribution Water Supply Reclaimed Water Water Pollution Control Non-Departmental Total Expenditures %ormwater utility Reygnu2ss Operating Revenues: Stormwater Revenue Total Operating Revenue 421,060 314,511 248,816 65,695 21% 0 421,060 3,789,670 3,108,227 3,301,712 -193,485 -6% -7,710,420 -3,920,750 7,910,250 6,223,765 6,453,967 -230,202 4% -5,671,190 2,239,060 9,159,220 6,870,126 6,620,611 249,515 4% 0 9,159,220 229,210 172,040 126,249 45,791 27% -360,000 -130,790 10,874,440 8,034,056 6,813,023 1,221,033 15% -4,231,150 6,643,290 6,956,980 5,217,732 4,803,247 414,485 8% 0 6,956,980 39,340,830 29,940,457 28,367,625 1,572,832 5% -17,972,760 21,368,070 719,997 3,718,122 -1,875 0% 0 4,960 4,960,000 3,719,997 3,718,122 -1,875 0% 0 4,960,000 Other Revenue 327,210 123,463 192,202 68,739 56% 0 327,210 Operating Revenues 5,287,210 3,843,460 3,910,324 66,864 2% 0 5,287,210 Transfer from Surplus 100,000 0 0 0 nla 0 100.000 Total Revenues 5,387,210 3,843,460 3,910,324 66,864 2% 0 5,387,210 Stormwater Utili ExR2n to ee Stormwater Utility Stormwater Management Total Expenditures 4,056,910 3,201,546 1,307,910 1,064,450 3,017,123 1,006,190 4,023,313 184,423 6% 0 4,056,910 58,260 5% 0 1,307,910 242,683 0 11 UTILITY FUNDS THIRD QUARTER REVIEW For the Nine Month Period of October 1, 2000 to June 30, 2001 2000101 2000/01 MY Amended Third Qtr. Third Qtr. Budget Proposed 3 Qtr Amended Budget Projection Actual Variance % Amendment Budget Gas Fund Revg ue Operating Revenues: Sales 25,585,160 21,885,959 21,501,309 -384,650 -2% 515,960 26,101,120 Total Operating Revenue 25,585,160 21,885,959 21,501,309 -384,650 .2% 515,960 26,101,120 Other Operating 4,308,940 3,564,056 3,000,290 -563,766 -16% -346,430 3,962,510 Other Revenue 1,930,640 1,575,014 1,781,247 206,233 13% 261,550 2,192,190 Other Financing Sources 1,000,000 0 0 0 n/a 0 1,000,000 Operating Revenues 32,824,740 27,025,029 26,282,846 -742,183 -3% 431,080 33,255,820 Total Revenues 32,824,740 27,025,029 26,282,846 -742,183 -3% 431,080 33,255,820 Gas Fund Expenditures Administration & Supply 22,377,690 18,604,892 16,982,309 1,622,583 9% 8,510 22,386,200 South Area Gas Operations 4,601,225 3,808,659 3,714,549 94,110 2% 30,930 4,632,155 North Area Gas Operations 2,147,830 1.734,601 1,563,869 170,732 10% 76,530 2,224,360 Marketing & Sales 2,494,830 1,999,377 1,772,068 227,309 11% -59,100 2,435,730 Total Expenditures 31,621,575 26,147,529 24,032,795 2,114,734 8% 56,870 31,678,445 Soll_ Waste Revenues Operating Revenues: 15,099,000 11,332,250 11,608,832 276,582 2% 135,000 15,234,000 Total Operating Revenue 15,099,000 11,332,250 11,608,832 276,582 2% 135,000 15,234,000 Other Operating Revenue 87,500 67,500 84,418 16,918 25% 15,000 102,500 Other Revenue 535,500 437,003 496,833 59,830 14% 20,000 555,500 Other Financing Sources 35,000 22,500 0 -22,500 0 35,000 Operating Revenues 15,757,000 11,859,253 12,190,083 330,830 3% 170,000 15,927,000 0 Total Revenues 15,757,000 11,859,253 12,190,083 330,830 3% 170,000 15,927,000 Solid Waste Expenditures Residential Collection 6,880,750 5,157,883 5,016,261 141,622 3% 49,540 6,930,290 Commercial Collection 5,997,040 4,601,460 4,310,082 291,378 6% 1,560 5,998,600 Transfer 1,076,220 829,001 799,017 29,984 4% 0 1,076,220 Container Maintenance 527,930 395,852 361,725 34,127 9% -650 527,280 Administration .1,057,880 759,090 725,158 33,932 4% 520 1,058,400 Total Expenditures 15,539,820 11,743,286 11,212,243 531,043 5% 50,970 15,590,790 Recycling Revenues Operating Revenues: 1,405,450 1,053,075 1,054,048 973 0% 3,000 1,408,450 Total Operating Revenue 1.405,450 1,053,075 1,054,048 973 0% 3,000 1,408,450 Other Operating Revenue 938,090 789,537 827,312 37,775 5% 950 989,040 Other Revenue - -51,630 0 51,630 -100% 0 0 Operating Revenues 2,393,540 1,790,982 1,881,360 90,378 596 3.950 2,397.490 Total Revenues 2,393,540 1,790,982 1,881,360 90,378 5% 3.950 2,397,490 Recycling Expenditures Residential 1,024,870 811,460 776,684 34,776 4% 6.880 1,031,750 Multi-Family 482,120 374,459 365,331 9,128 2% 700 482,820 commercial 686,450 G97,521 628,469 69,052 10% -7,010 879,440 Total Expenditures 2,393,440 1,883,440 1,770,484 112,956 6% 570 2,394.010 12 11111111 City of Clearwater Other Enterprise Funds Third Quarter Amendmen FY 2000/01 Marine & Aviation Fund Revenues: Expenditures: Parking Fund Revenues: Expenditures: Harborview Fund Revenues: Expenditures: Increase/ (Decrease) Description for FY 2000101. The budget revenue mendments reflect an increase of $235,000 of as, oil, and fuel sales for the marina, an increase of $ ,480 for reimbursement of dumpster fees, and an in rease of $1,500 of aircraft 237,980 fuel sales. The total rev Third quarter expenc increase of $190,000 of increased sales, and $2 due to increased use of increase in anticipated r 210,000 expenditure increases. 2000/01. Third quarter revenue of $124,000 in anticipai 124,000 earnings. Third quarter amendr 0 item adjustments that c nue increase is $237,980. kure amendments reflect the ;ost of goods sold due to ,000 of other services costs ;ustomer credit cards. An venues more than offset these mendments reflect an increase d annual cash pool interest reflect only several line each other. Harborview Center receipts are expected to be approximately as budg ted for the year. The actual third quarter receipts th's year are approximately 73% of budget. At the same time last year, approximately 0 75% of total budgeted receipts had been collected. No expenditure am( 0 quarter. nt are proposed at third 13 ENTERPRISE FUNDS THIRD QUARTER REVIEW For The Nine Month Period of October 1, 2000 - June 30, 2001 2000/01 2000101 MY Amended Third Qtr. Third Qtr. Budget Proposed 3 Qtr Amended Budget Projection Actual Variance '!8 Amendment Budget Marine & Aviation Fund Operating Revenues: Sales 1,448,350 1,086,264 1,263,629 177,365 16% 236,500 1,684,850 Rentals 1,102,310 845,481 840,762 (4,719) -1% 0 1,102,310 Total Operating Revenue 2,550,660 1,931,745 2,104,391 172,646 9% 236,500 2,787,160 Other Revenue 237,530 178,289 175,559 (2,730) -2% 1,480 239,010 Operating Revenues 2,788,190 2,110,034 2,279,950 169,916 6% 237,980 3,026,170 Other Financing Sources 678,321 - - - 0% 0 678,321 Total Revenues 3,466,511 2,110,034 2,2 9,950 169,916 8% 237,980 3,704,491 Marine & Aviation Fund Expenditures Marine Department 2,777,670 2,199,415 2,328,321 (128,906) -6% 210,000 2,987,670 Airpark 626,061 584,084 533,045 51,039 9% 0 626,061 Total Expenditures 3,403,731 2,783,499 2,861,366 (77,867) -3% 210,000 3,613,731 Parking Fund Revenues Operating Revenues: Parking Receipts 3,656,418 Total Operating Revenue 3,656,418 2.71 0,692 3% 0 3% 0 18 Other Revenue 281,560 195,542 289,149 93,607 48% 124,000 405,560 Operating Revenues 3,937,978 2,906,234 3,068,497 162,263 6% 124,000 4,061,978 Other Financing Sources - - 3,522 3,522 100% 0 - Total Revenues 3,937,978 2,906,234 3,072,019 165,785 6% 124,000 4,061,978 Parking Fund Expenditures Public Wks/Parking System 2,548,850 2,018,512 1,771,330 247,182 12% 0 2,548,850 Beach Guard Operations 499,750 359,747 326,471 33,276 9% 0 499,750 Total Expenditures 3,048,600 2,378,259 2,097,801 280,458 12% 0 3,048,600 Harborview Center Fund Revenues Operating Revenues: 2,157,000 1,621,500 1,576.084 (45,416) -3% 0 2,157,000 Total Operating Revenue 2,157,000 1,621,500 1,576.084 (45,416) .3% 0 2,157,000 Other Financing Sources 2,200,000 2,200,000 2,200,000 - na 0 2,200,000 Total Revenues 4,357,000 3,821,500 3,776,084 (45,416) -1% 0 4,357 Total Revenues 4,357,000 3,821,500 3,776,084 (45,416) -1% 0 4,357,000 Harborview Center Fund Expenditures Harborview Center Operations 2,446,539 1,819,113 1,417,717 401,396 22% 0 2,446,539 Total Expenditures 2,446,539 1,819,113 1,417,717 401,396 22% . 0 2,446,539 14 City of Clearwater Third Quarter Amendments Internal Service Funds FY 2000101 Increase/ (Decrease) Description At third quarter, General Services Fund anticipated revenues exceed anticipated expenditures by $32,690 General Services for FY 2000/01. No revenue amendments are proposed at third Revenues: 0 quarter. No expenditure amendments are proposed at third Expenditures: 0 quarter. At third quarter, Administrative Services Fund anticipated revenues equal anticipated expenditures fqr Administrative Services FY 2000/01. Revenue amendments reflect a $70,000 increase in telephone service charges across all City operations for approximately 80 additional cell phones, approved by the Commission 8/16/01, and the appropriation of $100,000 of unappropriated retained earnings to capital project 315-94809 for upgrades to the City's financial Revenues: 170,000 system as approved 7/12101. Third quarter amendments reflect an increase of $100,000 to transfer unappropriated retained earnings of the Administrative Services Fund to capital project 315-94809, Financial System Replacement, approved 7/12/01 and $70,000 for telephone services which is offset by the additional revenue above. Also operating savings within the Graphics Communications program is being used to fund another transfer of $7,330 to capital project 315-94512 for roof repairs on the Expenditures: 170,000 Graphics building. At third -quarter. Garage Fund antigjpated revenues exceed anticipatgdd expenditures try $192,499 for FY Garage Fund 2000/01. Third quarter revenue amendments reflect an Revenues: 150,000 increase of $150,000 for the sale of surplus vehicles. No expenditure amendments are proposed at third quarter. The 10% positive variance in Fleet maintenance program is due to a timing difference in Expenditures: 0 the payment of lease purchase contracts. 15 City of Clearwater Third Quarter Amendments Internal Service Funds FY 2000/01 Increase/ (,Decrease) Description Central Insurance $2,194.959 for FY 2000/01. No revenue amendments are proposed a third .Revenues: 0 quarter. No expenditure amendments are propos d at third Expenditures: 0 quarter. Is INTERNAL SERVICE FUNDS THIRD QUARTER REVIEW For The Nine Month Period of October 1, 2000 - June 30, 2001 2000/01 2000/01 MY Amended Third Qtr. Third Qtr. Budget Proposed 3 Qtr Amended Budget Projection Actual Variance %. Amendment Budget General Services Fund Revenues Operating Revenues: 2,845,690 2,134,269 2,144,839 10,570 0% 0 2,845,690 Total Operating Revenue 2,845,690 2,134,269 2,144,839 10,570 0% 0 2,845,690 Other Revenue 40,000 29,997 33,635 3,638 12% 0 40,000 Operating Revenues 2,885,690 2,164,266 2,178,474 14,208 1% 0 2,885,690 Total Revenues 2,885,690 2,164,266 2,178,474 14,208 1%. 0 2,885,690 General Services Fund Expenditures Administration 307,850 233,478 213,335 20,143 9% 0 307,850 Building & Maintenance 2;545,150 1,906,728 1,845,045 61,683 3% 0 2,545,150 Total Expenditures 2,853,000 2,140,206 2,058,380 81,826 4%. 0 2,853,000 Administrative Services Revenues Operating Revenues: 38,000 28,503 26,115 (2,388) -8% 0 38,000 Total Operating Revenue 38,000 28,503 26,115 (2,388) -8% 0 38,000 Other Revenue 7,720,508 5,776,829 5,555,146 (221,683) -4% 170,000 7,890,508 Operating Revenues 7,758,508 5,805,332 5,581,261 (224,071) -4% 170,000 7,928,508 Total Revenues 7,758,508 5,805,332 5,581,261 (224,071) •4%. 170,000 7,928,508 Administrative Services Expenditures Information Technology 4,379,060 3,3351759 2,884,407 451,352 14% 170,000 4,549,060 Pub Comm & Mark/Graphics 371,170 277,731 223,597 54,134 19% 0 371,170 Strategies for Success 3,568 3,568 3,601 (33) -1% 0 3,568 Clearwater Customer Service 3,004,710 2,243,545 1,844,499 399,046 18% 0 3,004,710 Total Expenditures 7,758,508 5,860,603 4,956,104 904,499 15%. 170,000 7,928,508 Garage Fund Revenues Operating Revenues: 8,401,830 6,273,880 6,260,176 (13,704) 0% 0 8,401,830 Total Operating Revenue 8,401,830 6,273,880 6,260,176 (13,704) 0% 0 8,401,830 Other Revenue 309,170 235,581 465,091 229,510 97% 150,000 459,170 Operating Revenues 81711,000 6,509,461 6,725,267 215,806 3% 150,000 8,861,000 Total Revenues 8,711,000 6,509,461 6,725,267 213,806 3%. 150,000 8,861,000 Garage Fund Expenditures Fleet Maintenance 8,282,700 6,193,567 5,595,254 598,313 10% 0 8.282.700 Radio Communications 385,810 277,509 303,828 (26,319) -9% 0 385,810 Total Expenditures 8,668,510 6,471,076 5,899,082 571,984 9% 0 8,668,510 17 IN INTERNAL SERVICE FUNDS THIRD QUARTER REVIEW For The Nine Month Period of October 1, 2000 - June 30, 2001 2000101 2000101 MY Amended Third Qtr. Third Qtr. Budget Proposed 3 Qtr Amended Budget Projection Actual Variance % Amendment Budget Central Insurance Fund Revenues Operating Revenues; 1,355,700 1,048,200 1,186,725 133,525 13% 0 1,355,700 Total Operating Revenue 1,355,700 1,048,200 1,186,725 138,525 13% 0 1,355,700 Other Revenue 16,509,519 8,591,678 9,151,769 Operating Revenues 17,865,219 9,639,878 10,338,494 7% 0 16,509,519 Total Revenues 17,865,219 9,639,878 10,338,494 698,616 7% 0 17,865,219 Central Insurance Fund Expendltures Finance/Risk Management 433,690 342,041 326,044 15,997 5% 0 433,690 Hum Resources/Employee Benefits 251,660 187,472 164,541 22,931 12% 0 251,660 Non-Departmental 14,984,910 12,121,946 12,035,965 85,981 1 % 0 14,984,910 Total Expenditures 15,670,260 12,651,459 12,526,550 124,909 1% 0 15,670,260 % 18 Clearwater, Florida CAPITAL IMPROVEMENT FUND Third Quarter Summary FY 2000-01 The amended 2000-01 Capital Improvement Program budget report is submitted for the City Commissions third quarter review. The net proposed amendment is an increase of $2,498,202. This review provides the opportunity to examine the status of all active projects and present formal amendments to the project budgets. Fiscally significant budget increases encompassed within this review are as follows: The Commission has not previously approved the following significant Capital Improvement Budget Increases: Fire Geographic Information Systems - A budget increase of $74,000 represents a transfer from the Fire Department operating budget based upon anticipated savings to establish the new project to fund portable computers and/or mobile data terminals directly onto Fire and EMS emergency vehicles. Northwest Recreation Center Start-Up Costs - A budget increase of $230,000 represents a transfer from the General Fund based upon the proceeds from the land sale of the Cultural Arts Workshop to Pinellas County, which will be used for the Keene Road Extension project. New Main Library - A budget increase of $13,250,000 recognizes the bond proceeds that have been received this fiscal year. Integrated Document Management System - A budget increase of $50,000 in General Fund revenue represents anticipated savings from the operating budget of the City Clerk Department. This will fund consulting services, which cannot be lease purchased. Tidemark Upgrade - A budget increase of $69,770 in General Fund revenue represents the transfer of anticipated savings from the operating budget of the Development Services Department. Stevenson's Creek Estuary. Restoration - A budget increase of $112,788.98 represents SWFWMD grant revenue already in the project. All significant budget increases that have been previously approved by the Commission and are listed below: Project Midget ncrpase Commission Approval Clearwater Beach West Bridge Connector 479,000 6/21/01 McMullen Booth Road 400,000 6/21/01 North Greenwood Recreation Center 200,000 8/16/01 Jack Russell Stadium Infrastructure Repairs 300,000 7/12/01 Geographic Information System 50,000 7/12101 Tidemark Upgrade 147,058 5/18/01 Financial System Replacement 100,000 7/12/01 Cooper's Point Restoration & Management 46,360 6/21/01 Town Pond 1,695,000 9/21/00 & 7/12/01 Rain Sensor Rebates 125,000 5/17/01 Water Treatment Facility 2,465,165 7/12/01, 8/16/01, 9/6/01 19 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000101 Increase/ Amdml Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment Police Computer Network 1 315-91127 (124,625) ' To record a budget decrease of $124,625 in Central 124,625 Insurance revenue, which will be offset by a like increase in General Fund revenue. At First Quarter, the revenue was incorrectly recorded as Central Insurance revenue. (272,150) To also record a budget decrease of $272,150 in 272,150 lease purchase revenue to be offset by a budget increase in this same amount in General Fund revenue. This General Fund revenue will be transferred from debt savings within the Police Department budget. This will be used to pay for 0 equipment that cannot be lease purchased. Fire GIS - NEW PROJECT 2 315.91240 74,000 To record a budget increase of $74,000 in General Fund revenue. This revenue will be transferred from savings within the Fire Department operating budget. This establishes a new project to fund future technology changes at the Fire Department related to the County 911 Dispatch Center. 74,000 Beach Streetscapes (old) - CLOSE PROJECT 3 315-92147 (4,420) To record a budget transfer of $4,420.21 in Penny for Pinellas revenue to project 92261, Beach Street- scape. This will allow for one Beach Streetscape project. (4,420) Beach Streetscape (new) 4 315-92261 4,420 To record a budget transfer of $4,420.21 in Penny for Pinellas revenue from project 92147, Beach Streetscapes. This will allow for all the funding to be in one project. 4,420 Clearwater Beach West Bridge Connector - NEW PROJECT 5 315-92340 To establish a new project and record a budget 479,000 ` . increase of $479,000 in grant revenue from the Florida Department of Transportation. This was approved by the City Commission on June 21, 2001. McMullen Booth Road Overpass - NEW PROJECT 6 315-92341 To establish a new project and record a budget 400,000 ` increase of $400,000 in grant revenue from the Florida Department of Transportation. This was approved by the City Commission on June 21, 2001. Memorial Causeway Bridge Replacement - 315 Fund BUDGET AMENDMENT ONLY 7 315-92820 5,000,000 ' To record a budget increases of $5,000,000 in 348-92820 24,110,138 - Pinellas County revenue and $24,110,137.99 in Bond revenue. This will be offset by a budget decrease of 315-92820 (29,110,138) ' $29,110,137.99 in Penny for Pinellas revenue. This will reflect the actual activity in the project. Engineering Wide Format Copler/Plotter - CLOSE PROJECT 8 315-92830 (14,160) - To record a budget decrease in Lease Purchase revenue of $14,160, which will close the project. The equipment has been purchased. denotes budget ONLY amendment 20 479,000 400,000 0 (14,160) CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000/01 Increase/ Amdmt Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment Ray Green Park Expansion 9 315-93128 To record the following budget increases which were approved by the City Commission on August 16, 2001 to provide funding for land purchases: 30,462 $30,462.48 in Recreation Land Impact Fees 38,563 $38,562.52 in Open Space Impact Fees Net budget amendment of $69,025. 69,025 McMullen Tennis Complex Courts-Renovation CLOSE PROJECT 10 315-93223 (3,124) To record a budget transfer of $3,123.84 in Penny for Pinellas revenue to project 3239, North Greenwood Recreation Center. This will close the McMullen Tennis Complex Courts-Renovation project and provide additional funding to the North Greenwood Recreation Center project in anticipation of additional funding needs for landscaping. (3,124) Countryside Recreation Center Expansion 11 31543233 (5,000) To record a budget transfer of $5,000 in Penny for Pinellas revenue to project 3239, North Greenwood Recreation Complex. This transfer will provide additional funding for landscaping needs at the North . Greenwood Recreation Complex. (5,000) North Greenwood Recreation Center- BUDGET AMENDMENT ONLY 12 315-93239 200,000 To record a budget increase of $200,000 in grant revenue from the Florida Recreation Development Assistance Program, which was presented to the City Commission on August 16, 2001. To also record two budget transfers of Penny for Pinellas revenue, as follows: 5,000 $5,000 from project 3233, Countryside Recreation Center Expansion 3,124 $3,123.84 from project 3223, McMullen Tennis Complex-Court Renovations These transfers are in anticipation of additional funding necessary for landscaping needs. Net budget amendment of $208,123.84. 208,124 Jack Russell Stadium Infrastructure Repairs - NEW PROJECT 13 315-93242 300,000 To record a budget increase of $300,000 in General Fund retained earnings as approved by the City Commission on July 12, 2001. This also establishes the project and funds the emergency repairs, as well as the repairs to Sections 1-30. 300,000 Northwest Recreation Center Start-up Costs - NEW PROJECT 14 315-93243 To establish the project and record a budget increase 230,000 of $230,000 in General Fund revenue. This project was proposed to be funded in the Preliminary Capital Improvement Budget. However, the proceeds from the land sale of the Cultural Arts Center to Pinellas County have been received this FY. 230,000 Now Main Library - Budget Amendment Only 15 315-93523 10,933 To record a budget increase of $10,932.76 of interest revenue for year end September 30, 2001 to reflect actual interest earned. 10,933 • denotes budget ONLY arendment 21 CAPITAL. IMPROVEMENT FUND Third Quarter Amendments FY 2000101 Increase/ Amdml Project (decrease) Transfer Net Budget #1 Number Amount Amount Description Amendment New Main Library - Bond Fund - Budget Amendment Only 16 348-93523 13,250,000 To record a budget increase of $13,250,000 in Bond revenue to recognize the bond proceeds that have been received by this project. 13,250,000 Roof Repairs 17 315-94512 7,332 To record a budget increase of $7,332 in Administrative Services Revenue to be transferred from savings within the operating budget of the Graphics Dept. This is to fund roof repairs work. 7,332 Write Deko System - CLOSE PROJECT 18 315-94608 (7,462) To record a budget decrease of $7,462 in Lease Purchase revenue, which will close the project. The equipment has been purchased. (7,462) Network Equipment Upgrade - CLOSE PROJECT 19 315-94703 (981) To record a budget decrease of $981 in Lease Purchase revenue, which will close the project. The equipment has been purchased. (981) Alrpark Master Plan - BUDGET AMENDMENT ONL Y 20 315-94713 (596,021) To record a budget decrease of $596,021. The increase was approved at First Quarter, but wasn't necessary because the increase had been accounted for in the Approved Budget for FY 00101. (598,021) Downtown Redevelopment - CRA - BUDGET AMENDMENT ONLY 21 315-94714 10,000 To record a budget increase of $10,000 in Downtown Redevelopment revenue as approved by the DDB in last fiscal year. This was to fund the facade grant program. 10,000 Geographic Information System 22 315-94736 50,000 Tc record a budget increase of $50,000 in Gas Fund revenue to be transferred from the operating budget of the Gas Department. This was approved by the City Commission on July 12, 2001 to fund data conversion for Gas infrastructure mapping and database development. 50,000 Integrated Document Management System 23 315-94753 105,510 To record a budget increase of $105,510 in General Fund revenue to be transferred from savings within the operating budget of the City Clerk Department. This will fund consulting services, which cannot be lease purchased. This will partially be offset by a decrease (55,510) ' of $55,510 in Lease Purchase revenue. 50,000 Maintainer Truck - CLOSE PROJECT 24 315-94768 (40,422) - To record a budget decrease of $40,421.90 in Lease Purchase revenue, which will close the project. (40,422) denotes budget ONLY amendment 22 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000101 Increase/ Amdml Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment Tidemark Upgrade - BUDGET AMDMT ONLY 25 315-94801 147,058 To record a budget increase of $147,057.68 in Lease Purchase revenue as approved by the City Commission on May 18, 2001. This is for the purchase of laptop and desktop computers, and servers. 69,770 To also record a budget increase of $69,770 in General Fund revenue to be transferred from savings within the operating budget of the Development Services Department to provide funding for consulting services. 216,828 Financial System Replacement -NEW PROJECT 26 315-94809 100,000 To record a budget increase of $100,000 in Administrative Service revenue to be transferred from retained earnings. This was approved by the City Commission on July 12, 2001 to establish this project. 100,000 Storm Drainage R&R - CLOSE PROJECT 27 315-96118 (121,270) To record a budget transfer of $121,270.18 in Stormwater Utility revenue to project 96124, Storm Pipe System Improvements and close the Storm Drainage project. (121,270) Alligator Creek Implementation Design - BUDGET AMENDMENT ONLY 28 315-96120 (242,000) To record budget decreases of $242,000 in FDEP grant (37,500) revenue and $37,500 in grant revenue from Tampa Bay Estuary Program. The budget was unnecessarily increased at Third Quarter of FY'00. Both of these were already accounted for in the project budget. (279,500) Cooper's Point Restoration 8 Management - BUDGET AMENDMENT ONLY 29 315-96121 46,360 To record a budget increase of $46,360 in grant revenue from the Florida Department of Environmental Protection as approved by the City Commission on June 21, 2001. 3,000 To also record a budget increase of $3,000 in revenue from Pinellas County supporting the project. 49,360 Storm Pipe System Improvements 30 315-96124 121,270 To record a budget transfer of $121,270.18 in . Stormwater revenue from project 96118, Storm Drainage RBR. The Drainage project is being closed. 121,270 Town Pond - Establish 395 Project 31 315-96125 1,295,000 To record a budget increase of $1,295,000 in grant revenue from the Department of Housing & Urban Development as approved by the City Commission on September 21, 2000. This grant provides funding for land acquisition and costs associated with land acquisition. To also record a budget increase of 400,000 $400,000 in grant revenue from the Florida Department of Environmental Protection as approved by the City Commission on July 12, 2001. This grant provides for construction of the Town Pond and for post- construction monitoring. 1,695,000 Stevenson's Creek Estuary Restoration - BUDGET AMENDMENT ONLY 32 315-96129 112,789 To record a budget increase of $112,788.98 in grant revenue from SWFMD. 112,789 ' denotes budget ONLY amendment 23 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000101 Increase/ Amdml Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment Mechanical Street Sweeper - CLOSE PROJECT 33 315-96132 (4,537) To record a budget decrease of $4,537 In Lease Purchase revenue, which will close the project. The equipment has been purchased. (4,537) Mechanical Slope Mower - CLOSE PROJECT 34 315-96133 (17,890) To record a budget decrease of $17,889.72 in Lease Purchase revenue, which will close the project. The equipment has been purchased. (17,890) 1112 Ton Enclosed Van - CLOSE PROJECT 35 315-96136 (10.712) To record a budget decrease of $10,712 in Lease Purchase revenue, which will close the project. The equipment has been purchased. (10,712) Pinellas Phase 11l Gas Mains & Services 36 353-96310 7,779 To record a budget transfer of $7,779.13 in Bond revenue from project 353-96312, Pinellas Phase III Relocation. The relocation project is being closed. 7,779 Pinellas Phase 111 Relocation - CLOSE PROJECT 37 353-96312 To record a budget transfer of $50,818.13 in Bond (7,779) revenue as follows: $7,779.13 to project 353-96310, Pinellas Phase III Gas Mains & Services and (43,039) $43,039 to project 353-96314, Pasco Phase III Gas Maintenance & Service. The relocation project is complete and can be closed. (50,818) 38 353-96314 43,039 Pasco Phase 111 Gas Mains & Services To record a budget transfer of $43,039 in Gas Bond revenue from project 353-96312, Pinellas Phase III Relocation. The relocation project is being closed. 43,039 Line Relocation Pinellas - Capitalized 39 315-96374 (796,685) To record a budget transfer of $796,685 in Gas revenue to project 96377, Pinellas New Mains/ Service Lines. This was approved by the City Commission on September 6, 2001. This will provide funding for installation of gas mains, service lines and exterior underground house piping. (796,685) Pinellas New Mains/Service Lines 40 315-96377 796,685 To record a budget transfer of $796,685 in Gas revenue from project 96374, Line Relocation Pinellas- Capitalized. This was approved by the City Commission on September 6, 2001. This will provide funding for installation of gas mains, service lines and exterior underground house piping. 796,685 Sanitary Utility Relocation Accommodation 41 315.961334 (2,000,000) To record a budget decrease of $2,000,000 in Sewer revenue in the CIP project (315 Fund) to be offset by 343.96634 2,000,000 a $2,000,000 increase in Bond revenue in the Bond project (343 Fund). This will establish the project In the Bond Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 315-96034 32,620 2001. To also record a budget Increase of $32,620 to recognize reimbursement revenue received from Pinellas County pursuant to the Keene Road agreement. 32,620 • denotes budget ONLY amendment 24 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000/01 Increase/ Amdmt Project (decrease) # Number Amount Transfer Net Budget Amount Description Amendment Morton Plant Pump Station - CLOSE PROJECT 42 315-96652 (987,416) To record a budget decrease of $987,416.23 in Sewer revenue, which will dose tha completed project. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (987,416) 43 315-96654 343-96654 (800,000) 254,780 545,220 44 315-96656 (1,675,000) ` 343.96656 1,675,000 Facilities Upgrade & Improvement To record a budget decrease of $800.000 in Sewer revenue to be offset by a $254,780.08 Increase in Sewer R&R revenue in the CIP project (315 Fund) and a $545,219.92 increase in Bond revenue in the Bond project (343 Fund), which will establish the Bond project. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. Laboratory Building - BUDGET AMDMT ONLY To record a budget decrease of $1,675,000 In bond revenue in the CIP project (315 Fund) to be offset by a $1,675,000 increase in bond revenue in the Bond project (343 Fund). This is part of the proposed restructuring of the Water & Sewer projects to be approved by the City Commission on Sept. 6, 2001. 0 0 Northeast Improvements - BUDGET AMDMT ONLY 45 315-96658 (144,668) To record a budget decrease of $144,667.56 in bond 343-96658 145,215 revenue in the CIP project (315 Fund) to be offset by a $145,214.98 increase in bond revenue in the Bond project (343 Fund). This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 547 Digester Cleaning/Marshall & NE 46 315.96662 (375,000) To record a budget decrease of $375,000 in Sewer revenue which will be returned to the Water & Sewer Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (375,000) Sanitary Sewer R&R 47 316.96665 (4,573,000) To record budget decreases as follows: $4,573,000 (2,400,000) in Sewer revenue; $2,400,000 in Sewer R&R revenue; (3,025,000) - and $3,025,000 in bond revenue in the CIP project (315 Fund). This will partially be offset by an increase 343.96665 6,695,000 ' of $6,595,000 in Bond revenue in the Bond project (315 Fund). This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 3't B•96t36ti 6,474 To also record a budget transfer of $6,474 in Sewer revenue in the CIP project from project 96675, W WC Pick-up Trucks. The vehicles have been purchased and the project is being dosed. 31646665 (439,770) To record a budget transfer of $439.770 in Bond revenue in the CIP project to project 343-96748, Water Treatment Facility as approved by the City Commission on July 12, 2001. This Is to fund the construction engineering and inspection services. (3,836,296) • denotes budget ONLY amendment 25 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000/01 Increase/ Amdml Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment NWT Carousel 48 315.96672 (315,600) To record a budget decrease of $315,600 in Sewer revenue in the CIP project (315 Fund). This will be 343-96672 315,600 offset by a budget increase of $315,600 in Bond revenue in the Bond project (343 Fund). This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 0 Aerated Sludge Holding Tank 49 315-96674 (5147) To record a budget decrease of $547.42 in Sewer revenue and return it to the Water and Sewer Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (547) WWC Pick Up Trucks-CLOSE PROJECT 50 315-96675 (6,474) To record a budget transfer of $6,474 in Sewer revenue to project 96665, Sanitary Sewer R&R. The vehicle has been purchased and the project can be dosed. (6,474) 51 315-96676 52 315-96681 53 315-96683 343-96683 54 315-96685 343-96585 315-96685 Telemetry System-Lift Stations (150,000) To record a budget decrease of $150,000 in Sewer revenue and return this revenue to the Water and Sewer Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (150,000) NE Control Bldg Ground Floor (157,000) To record a budget decrease of $157,000 in Sewer revenue and return this revenue to the Water and Sewer Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (157,000) (133,000) (1,067,000) w 1,200,000 w (1,400,038) w 1,400,038. w ' denotes budget ONLY amendment WPC Master Plan Phase 11 To record budget decreases of $133,000 in Sewer revenue and $1,067,000,000 in Bond revenue in the CIP project (315 Fund). The Sewer revenue will be returned to the Water and Sewer Fund. This will dose the project in the 315 Fund. This will be offset by a budget increase of $1,200,000 in Bond revenue in the Bond project (343 Fund) which will be established. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. WPC Masterplan - Phase 3 To record a budget decrease of $1,400,037.78 in Bond revenue in the CIP project (315 Fund). This will dose the project in the 315 Fund. This will be offset by a budget increase of $1,400.037.78 In Bond revenue in the Bond Project (343 Fund) which will be established. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (500,000) To also record a budget transfer of $500,000 in Bond revenue in the CIP project to project 343-96748, Water Treatment Facility as approved by the City Commission on July 12, 2001. This is to fund construction at Reservoir 1. 26 0 (500,000) CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000/01 Increase/ Amdml Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment Pump Station Replacement 55 315-96686 (2,000,000) To record a budget decrease of $2,000.000 in Bond revenue in the CIP project (315 Fund). This will dose the project in the 315 Fund. This will be partially offset 343-96686 500,000 by a budget increase of $500,000 in Bond revenue in the Bond Project (343 Fund). This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on Sept. 6, 2001. (1,500,000) Clwr Harbor Sewer Line Relocation 56 343-96688 (450,000) To record a budget decrease of $450,000 in Bond revenue. This is part of the proposed restructuring of the Water & Sewer projects approved by the City City Commission on September 6, 2001. (450,000) Reclaimed Water Distribution System 57 315-96739 (1,420,000) To record budget decreases of $1,420,000 in Water (2,450,000) revenue, $2,450,000 in Sewer revenue, and $360,000 (360,000) in Reclaimed Water revenue in the CIP project (315 69,375 Fund). To also record a budget increase of $69,375 in Sewer R&R revenue in the CIP project. In addition, 343-96739 3,160,625 to record a budget increase of $3,160,625 in Bond revenue in the Bond project (343 Fund). This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 315-96739 39,676 To also record a budget increase of $39,676 in (39,676) Pinellas County revenue and to record a decrease in Other Governmental revenue in the CIP project. This will reflect actual revenue received in the project. (1,000,000) Water Supply/Treatment 58 315-96740 (2,622,000) To record a budget decrease of $2,622,000 in Water revenue in the CIP Project (315 Fund) and return this revenue to the Water & Sewer Fund. To also record 343-96740 680,000 a budget increase of $680,000 in Bond revenue in the Bond project (Fund 343), which will establish this project. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 315-96740 (125,000) To also record a budget transfer of $125,000 in Water revenue to project 96747, Flow Restrictor and Rains Sensor Rebates as approved by the City Commission on May 17, 2001. (2,067,000) System R&R Capitalized 59 315-96741 (1,250,000) To record budget decreases of $1,250,000 in Water (783,000) revenue and $783,000 in Water R&R revenue, which will be returned to the Water & Sewer Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (2,033,000) denotes budget ONLY amendment 27 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000109 Increase/ Amdml Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment Line Relocation - Capital 60 315-96742 15,980 To record a budget increase of $15,980 in revenue from Pinellas County to reflect actual revenue in the project. This was a reimbursement pursuant to the Keene Road cooperative agreement. To also record (379,194) budget decreases of $379,194.10 in Water revenue (1,050,000) and $1,050,000 in Water R&R revenue in the CIP Project. This revenue will be returned to the respective funds. These decreases will be offset by an increase of $1,429,194.10 in Bond revenue in the 343-96742 1,429,194 Bond Project (343 Fund). Both amendments are part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on Sept. 6, 2001. 15,980 Meter/BackfiowJPreventlon Device Change-out 61 315-96743 (276,375) To record a budget decrease of X276,375 in Water R&R revenue to be returned to the Utility R&R Fund. This is part of the proposed restructuring of the Water & Sewer Projects approved by the City Commission on September 6, 2001. (276,375) System Expansion 62 315-96744 (231,000) To record a budget decrease of $231,000 in Water revenue, which will be returned to the Water & Sewer Fund. This will be offset by a budget increase 231,000 of $231,000 in Water Impact Fees. These are part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 0 Rain Sensor Rebates 63 315-96747 125.000 To record a budget transfer of $125,000 in Water revenue from project 9£740, Water Supply & Treatment as approved by the City Commission on May 17, 2001. This to fund the replacements of toilets with water -conserving equivalents. 125,000 Water Treatment Facility+- BUDGETAMDidT ONLY 64 343-96748 939,770 To record a budget increase of $939,769.78 in Bond revenue. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. 585,625 To also record a budget transfer of $585,625 in Bond revenue from project 96751, Disinfection Systems. This will partially fund the construction of modification to existing groundwater production wells as approved by the City Commission on August 16, 2001. 439,770 To record a budget transfer of $439,769 in Bond revenue from project 315-96665, Water Treatment Facility as approved by the City Commission on July 12, 2001. This will fund construction engineering and inspection services, To also record budget 500,000 transfers of $500,000 in Bond revenue from project, 315-96685, WPC Master Plan Phase 3 as approved by the City Commission on July 12, 2001. This will fund construction work at Reservoir 1. 2,465,163 denotes budget ONLY amendment 28 CAPITAL IMPROVEMENT FUND Third Quarter Amendments FY 2000101 Increase/ Amdmt Project (decrease) Transfer Net Budget # Number Amount Amount Description Amendment ?w Clearwater Harbor Transmission Mains - Budget Amdmt Only 65 343-96749 (1,510,958) To record a budget decrease of $1,510,958 in Bond revenue. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (1,510,958) 66 315-96750 67 343.96751 TOTALS • denotes budget ONLY amendment Well Rehabilitation (223,625) To record a budget decrease of $223,625 in Water R&R revenue and return this revenue to the Utility R&R Fund. This is part of the proposed restructuring of the Water & Sewer projects approved by the City Commission on September. 6, 2001. (223,625) Disinfection Systems - BUDGET AMDMT ONLY (585,625) To record a budget transfer of $585,625 in Bond revenue to project 96748, Water Treatment Facility. This is to partially fund the construction of modification to existing groundwater production wells as approved by the City Commission on August 16, 2001. (814,375) To also record a budget decrease of $814,375 in Bond revenue as part of the restructuring of the Water & Sewer projects approved by the City Commission on September 6, 2001. (1,400,000) 2,498,202 29 2,498,202 CAPITAL. IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY THIRD QUARTER: October 1, 2000 to June 30, 2001 Description Budget 1011/00 Amended Prev Qtr Amdrits Revised Budget Actual Expenditures Project Open To Date Encumbr Available Amend Balance Status Ref PUBLIC SAFETY Police Protection 91127 Police Computer Network 4,339,305 4,339,305 4,339,305 3,542,882 329,928 466,495 1 91134 Beach Dist Substa Renov 250,000 0 0 0 C 91138 Countryside Sub Expansion 423,600 423,600 423,600 412,767 122 10,711 91140 Wood Valley Substation 163,900 163,900 163,900 135,859 0 28,041 91142 Mobile Command Oper Ctr 189,985 189,985 189,985 75,000 114,985 0 91143 Traffic Homicide Invest Veh 93,100 93,100 93,100 60,000 33,100 0 91144 Beach District Substation 820,260 820,260 820,260 1,950 63,000 755,310 6,280,150 6,030,150 0 6,030,150 4,228,458 541,135 1,260,557 Fire Protection 91213 Fire Apparatus Refurbish 508,037 508,037 508,037 141,430 4,366 362,241 91218 Fire Engine Replacement 2,755,333 2,755,333 2,755,333 2,754,333 0 1,000 91220 Emergency Operations Ctr 101,016 101,016 101,016 98,874 0 2,142 91221 EMS Capital Equipment 738,055 738,055 738,055 634,131 6,426 97,498 91223 Pol Stor Tk Rem-Fire Sta#6 40,000 40,000 40,000 23,215 0 16,785 91225 Safety Village Classroom 42,000 42,000 42,000 42,000 0 0 91226 Vehicular Support 233,239 233,239 233,239 189,988 28,363 14,888 91227 Fire Admin Computerization 25,500 25,500 25,500 13,429 0 12,071 91228 Alternative Funding Study 93,240 93,240 93,240 45,650 0 47,590 91229 Replace b Upgrade Airpacks 224,000 224,000 224,000 217,311 6,689 0 91230 Auto Ext Defibrillator Program 90,000 90,000 90,000 29,229 0 60,771 91231 Auto Intersection Control 60,840 59,644 59,644 59,644 0 0 91232 EMS Vehicle Refurbishment 24,500 24,500 24,500 0 0 24,500 91233 Boat/MotorfTrailer 30,000 28,857 28,857 28,857 0 0 91234 Fire Bldg Renovation 60,000 60,000 60,000 36,927 558 22,515 91235 Sand Key Engine Shelter 75,000 0 0 0 0 0 91236 Rescue Vehicle 92,000 92,000 92,000 0 0 92,000 91237 Northwest Station 300,000 300,000 300,000 0 0 300,000 91238 Sand Key Fire Station 1,859,300 1,859,300 1,859,300 31,173 68,627 1,759,500 91239 Sand Key/NW Engines 0 761,280 761,280 0 761,280 0 91240 Fire GIS 0 0 74,000 74,000 0 0 74,000 7,352,060 8,036,001 74,000 8,110,001 4,346,191 876,309 2.887,501 TRANSPORTATION New Street Construction 92140 Highland Avenue Widening 5,611,157 5,545,782 5,545,782 5,545,782 0 0 92141 Drew Street Widening 2,600,000 2,600,000 2,600,000 2,146,689 217,995 235,317 92145 Landmark Dr Extension 1,002,502 752,502 752,502 736,017 4,500 11,985 92146 Druid Rd Improvements 1,750,000 1,750,000 1,750,000 820,969 76,303 852,728 92147 Beach Streetscapes 92,303 92,303 -4,420 87,883 87,883 0 0 92148 Gateway to the Beach 10,021,545 10,024,317 10,024,317 8,861,286 63,272 1,099,759 Sub-Total 21,077,507 20,764,905 -4,420 20,760,484 18,198,625 362,070 2,199,789 Major Street Maintenance 92258 Paving Unpaved Streets 219,760 197,829 197,829 197,830 0 0 92259 Traffic Calming 1,150,000 1,150,000 1,150,000 298,767 124,414 726,819 92260 Street Resurfacing 8,271,273 8,307,145 8,307,145 5,673,449 362,731 2,270,966 92261 Beach Streetscape 1,000,000 11000,000 4,420 1,004,420 38,279 107,755 858,387 92262 SR 60 Corridor Beaut 6,565,922 3,165,922 3,165,922 2,033,424 529,502 602,995 92263 N Greenwood Corridor Enhanc 1,046,426 1,046,426 1,046,426 207,659 88,773 749,994 92264 Enterprise Road 350,000 350,000 350,000 0 0 350,000 18,603,381 15,217,323 4,420 15,221,743 6,449.407 1,213.175 5,559.161 Sidewalks and Bike Trail 92337 Civic Ctr/Marina Crosswalk 100,000 0 0 0 0 0 92338 Sidewalks 1,715,073 1,471,082 1,471,082 1,471,082 0 0 92339 New Sidewalks 0 389,833 389,833 0 0 389,833 92340 Clw Bch West Bridge Co 0 0 479,000 479,000 0 479,000 0 92341 McMullen Booth Rd Overpass 0 0 400,000 400,000 0 400,000 0 Sub-Total 1,815,073 1,860,915 879,000 2,739.915 1,471,082 879,000 389,833 C C C C 2 C C 3 C 4 C C 5 6 30 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY THIRD QUARTER: October 1, 2000 to June 30, 2001 Actual Expenditures I Budget Amended Revised Project Open Available Amend Description 1011100 Prev Qtr Amdmts Budget To Date Encumbr Balance Status Ref intersections 92551 City-Wide Intersection Imprvmt 711,778 711,778 711,778 384,786 0 326,992 92552 Signal Renovation 591,148 591,148 591,148 425,247 16,772 149,129 92553 Now Signal Installation 630,188 630,188 630,188 267,227 2,899 360,062 92555 Intersection Improvements 2,663,915 2,663,915 2,663,915 1,958,490 33,829 673,596 Sub-Total 4,597,029 4,597,029 0 4,597,029 3,033,750 53,500 1,509,779 Parking 92630 Parking Lot Resurfacing 829,023 829,023 829,023 453,660 27,786 347,577 92632 Pkng Garage Structure Rpr 494,732 493,432 493,432 86,119 0 407,313 92634 Downtown Parking Facility 1,700,000 1,700,000 1,700,000 0 0 1,700,000 92636 Parking Lot Improvement 462,977 462,977 462,977 327,968 2,369 132,641 92637 Elec Real Time Signing Systen 350,000 350,000 350,000 0 0 350,000 92638 Electronic Parking Meter Syst 785,000 780,818 780,818 780,818 0 0 C 92639 Beach Parking Garages 185,200 185,200 185,200 120,380 64,820 0 4,806,932 4,801,450 0 4,801,450 1,768,944 94,975 2,937,531 Miscellaneous Engineering 92820 Memorial Causeway Br Repl 56,000,768 56,000,768 0 56,000,768 34,926,815 476,165 20,597,788 7 92822 Miscellaneous Engineering 436,207 436,207 436,207 146,665 5,166 284,376 92825 Utility Pickup Truck 38,000 57,126 57,126 57,126 0 0 92826 CAD Workstation File Server 60;000 60,000 60,000 0 0 60,000 92827 Global Pos Sys Survey Equip 125,000 125,000 125,000 0 0 125,000 92828 Public Works Field Laptops 210,000 210,000 210,000 17,322 0 192,678 92829 Comm Sports Complex 3,697,997 6,392,997 6,392,997 243,439 11,273 6,138,285 92830 Eng Wide Format Copier 40,005 40,005 -14,160 25,845 25,845 0 0 C 8 60,607,977 63,322,103 -14,160 63,307,943 35,417,211 492,604 27,398,127 LEISURE Land Acquisition 93128 Ray Green Park Expansion 233,391 334,141 69,025 403,166 327,632 395 75,139 9 233,391 334,141 69,025 403,166 327,632 395 75,139 Park Development 93204 Concrete Sidewalk & Pad 107,913 107,913 1. 07,913 63,428 3,924 40,561 93206 Skate Park Facilities 200,000 200,000 200,000 6,000 0 194,000 93208 Softball Complex Dev 976,098 982,447 982,447 953,942 8,971 19,534 . 93212 Recreation Trails 795,000 948,457 948,457 514,852 171 433,435 93213 Park Amenity Purchase & Repl 210,000 201,980 201,980 131,513 10,933 59,535 93221 Citywide P&R Master Plan 60,000 80,405 80,405 3 80,400 2 93223 McM Tns Comp Court Renov 455,513 455,513 -3,124 452,389 452,389 0 0 C 10 93225 Swim Pool Renovations 229,000 227,166 227,166 227,166 0 0 C 93227 Disc Golf Course Renov 20,000 18,177 18,177 18,177 0 0 C 93228 Island Estates Playground 67,558 68,480 68,480 68.480 0 0 C 93229 Tennis Court Resurfacing 231,552 239,582 239,582 201,522 38,060 0 93230 Playground & Fitness Equipme 596,130 596,130 596,130 478,280 0 117,850 93232 Long Center 11000,000 11000,000 11000,000 0 0 1,000,000 93233 Countryside Rec Ctr Expan 500,000 500,000 -5,000 495,000 428,920 65,305 775 11 93234 P&R Passenger Van 28,000 21,230 21,230 21,230 0 0 C 93235 Maple Swamp Allen's Ck Reha 90,000 90,000 90,000 4,406 0 85,594 93236 Ctryside H & Cntrysido Sports 60,000 55,485 55,485 55.485 0 0 C 93237 Irrigation Sys Mem Cswy ROW 50,000 50,000 50,000 200 0 49,800 93238 Ruth Eckerd Hall 2,000,000 2,000,000 2,000,000 278.260 0 1,721,740 93239 N. Greenwood Rec Ctr 4,000,000 4,000,000 208,124 4,208,124 100,500 218,131 3,889,492 12 93240 Glen Oaks Golf Course 300,000 300,000 300,000 0 0 300,000 93242 JRS Infrastructure Repairs 0 0 300,000 300,000 0 0 300,000 13 93243 NW Rec Center Start-Up 0 0 230,000 230,000 0 0 230,000 14 93262 Fencing Replacemt Program 299,555 299,555 299,555 255,079 0 44,476 93269 Light Replacement 874,176 859,176 859,176 743,448 45,029 70,698 93285 J Russell SWrn Struc Repairs 802,191 798,609 798,609 798,609 0 0 C 93286 Pking LoVBlcyte Path Resur & I 187,000 187,000 187,000 135,068 0 51,932 93295 Lake Chautauqua Park 603,781 597,324 597,324 594,056 3,267 0 93296 C Beach Aquatics Pk &Pool 852,000 858,185 858,185 771,801 74,989 11,395 Sub-Total 15,595,477 15,742,814 730,000 16,472,814 7,302,814 549,181 8,620,820 31 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY THIRD QUARTER, October 1, 2000 to June 30, 2001 Actual Expenditures I Budget Amended Revised Project Open Available Amend _ Description 1011100 Prev Qtr Amdmts Budget To Date Encumbr Balance Status Ref Beautification 93316 Bayfront Park Renovations 142,694 138,587 138,587 138,587 0 C Sub-Total 142,694 138,587 0 138,587 138,587 0 0 LEISURE (continued) Marine Facilities 93413 UUIRIes/Svcs Replace 315,411 313,965 313,966 294,740 0 19,227 93429 Dods Replacement & Repair 193.740 193,740 193,740 177,275 473 15,992 93436 Waterway Maintenance 158,441 155,259 155,259 128,005 0 27,254 93443 Seminole St Boatramp Drdgng 295,615 295,615 295,615 276,938 200 18,478 93470 Bridgell)ockslSeawalls-R&R 1,149,020 989,236 989,236 812,731 0 176,505 93487 Fishing Piers 356,031 355,031 356,031 195,712 0 160,319 93490 Fuel System R&R 40,000 40,000 40,000 15,987 0 24,013 93492 Pier 60 Maintenance 61,540 61,540 61,540 9,436 0 52,104 93493 Marina Restroom Renov 209,575 310,885 310,885 159,386 17,007 134,492 94713 Alrpark Master Plan Improv 1,547,885 2,143,906 -596,021 1,547,885 1,375,910 144,764 27,211 20 94772 Alrpark Berm 0 314,000 314,000 524 59,929 253,547 Sub-Total 4,327.258 5,174,178 -596,021 4,578,157 3,446,644 222,372 909,142 Libraries 93521 Books/Matls Collection 3,207,175 3,190,138 3,190,138 2,678,993 92,489 418,657 93523 New Main Library 1,912,319 1,886,823 13,260,933 15,147,756 81,387 1,687,491 13,378,878 15.16 93525 N Greenwood Ubrary 1,300,000 1,200,000 1,200,000 510 99,250 1,100,240 Sub-Total 6,419.494 6,276,961 13,260,933 19,537,894 2,760,889 1,879,230 14,897,775 GARAGE 94210 Motor Pool Refurbishment 430,103 430,103 430,103 64,226 870 365,007 94220 . Fuel Site Enhancement 208,920 260,763 260,763 208,920 0 51,843 94222 Motorized Equip -Cash 1,042,080 1,090,746 1,090,746 812,372 4,949 273,425 94223 Garage/Bldg&Maint Tech Up 369,321 369,301 369,301 273,600 18,030 77,671 94227 Motorized Equip - UP 11,897,734 11.897,734 11,897,734 10,036,053 817,845 1,043,836 Sub-Total 13,948,158 14,048,647 0 14,048,647 11,395,170 841,694 1,811,783 BUILDING MAINTENANCE 94510 Air Cond Replace-City Wide 833,220 802,692 802,692 453,054 100,869 248,769 94512 Roof Repairs 434,903 431,903 7,332 439,235 408,790 0 30,445 17 94514 Roof Replacements 562,247 595,160 595,160 388,838 48,650 157,672 94515 Radio Replacement Program 532,330 375,933 375,933 375,933 0 0 C 94516 Bldg & Maint Technology Upgr: 64,866 64,885 64,886 0 0 64,886 Sub Total 2,427,566 2,270,574 7,332 2,277,906 1,626,615 149,519 501.772 GENERAL PUBLIC BUILDINGS & EQUIPMENT 94607 Downtown Bluff Dev 66,480 66,480 .66,480 45,135 0 21,345 94608 Write Deko System 27,000 27,000 -7,462 19,538 19,538 0 0 C 18 94609 Betacam SP Decks 31,000 0 0 0 0 0 C 94610 Broadcast Betacam SPCamen 48,000 48,000 48,000 21,630 0 26,370 94611 Digital Facilities 30,000 30,000 30,000 0 0 30,000 202,480 171,480 -7,462 164,018 86.303 0 77,715 MISCELLANEOUS 94702 ADA Transition Plan 595,525 595,515 595,515 595,515 0 C 94703 Network Equipment Upgrade 30,000 30,000 -981 29,019 29.019 0 C 19 94707 Cen Parrmit/Comm Rasp Softw 328,009 328,009 328,009 320,077 7,932 94711 Sand Key Power Line 1,400,000 1,400,000 1,400,000 1,187,301 212,699 94714 Downtown Redevelopment 1,131,510 1,313,391 10,000 1,323,391 1,062,240 261,152 21 94722 Payroll/Human Resource Sys 385,934 385,934 385,934 347,616 3,300 35.019 94727 Beach Redev Project Plan 100,000 75,287 75,287 75,287 0 0 C 94729 City-wide Connect infra 170,000 170,000 170,000 0 0 170.000 94736 Geographic Information 500,000 500,000 50,000 550,000 268,594 407 280,999 22 94737 Inform Svcs UPS System 45,000 45,000 45,000 0 0 45.000 94738 Telephone System Repiac 1,358,812 1,371.062 1,371,062 1,335,843 26,218 91001 94745 District Parking Plan 477.860 116.435 116,435 116,435 0 0 C 94749 Ent Netwk Phase If 661.759 661.759 661,759 661.759 0 0 C 32 0 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY THIRD QUARTER: October 1, 2000 to June 30, 2001 Actual Expenditures I Budget Amended Revised Project Open Available Amend Description 1011100 Prev Qtr Amdmts Budget To Date Encumbr Balance Status Ref 94753 Integrated Doc Mgmt Sys 832,912 622,352 50,000 672,352 369,588 9,992 292,773 23 94756 Is Est Underground Utilities 9,000 0 0 0 0 0 C 94757 Util BiiUng/Cust Info Sys 1,573,270 1,573,270 1,573,270 1,423,418 71,000 78,852 94761 Poll Star Tank Rem/Repl-Gen 327,584 327,584 327,584 195,078 15,673 116,833 94762 Economic Dev Studies 150,000 99,533 99,533 99,533 0 0 C 94765 IMR Development 1,541,788 1,541,788 1,541,788 1,301,982 43,550 196,256 94768 300 Gallon Maintainer Truck 90,000 90,000 -40,422 49,578 49,578 0 0 C 24 94769 Pier 60 Visitors Center 40,000 40,000 40,000 975 0 39,025 94501 Tidemark Upgrade 277,125 391,895 216,828 608,723 79,361 147,058 382,304 25 94802 Ent Netwk Maint & Repair 192,500 192,500 192,500 167,977 10,653 13,870 94803 Envmmnti Assessmt & Clean-u 427,940 427,940 427,940 21,082 12,627 394,231 94771 Clwr Marine Aquarium 700,000 180,710 180,710 180,710 0 0 C 94805 HR Evaluation System 40,000 40,000 40,000 9,059 0 30,943 94807 Risk Management Sys Upgrade 76,650 76,650 76,650 22,204 30,000 24,446 94808 Phone Sys Replacement 156,560 156,560 156,560 122,868 0 33,692 94809 Financial System Reptacemt 0 0 100,000 100,000 100,000 26 13,619,738 12,753,173 385,425 13,138.598 10,043,096 370,478 2,725,028 UTILITIES Stormwater Utility 96103 Stormwater Quality Imp/Prp 2,328,822 2,328,822 2,328,822 2,321,078 7,744 0 96105 Habitat Restoration & Imp 270,745 270,745 270,745 268,447 0 2,298 96109 Downtown Lake 186,678 186,603 186,603 186,603 0 0 C 96111 Groundwater Quality Pr 346,560 269,076 269,076 269,076 0 0 C 96118 Storm Drainage R & R 1.061.089 1,061,089 -121,270 939,819 939,819 0 0 C 27 96119 Allen's Ck Wtrshd Rehab 1,872,218 1,872,218 1,872,218 1,791,793 35,036 45,389 96120 Alligator Ck Implementation 2,223,614 2,503,114 -279,500 2,223,614 1,127,361 1,080,955 15.298 28 96121 Cooper's Pt Restoration 280,821 280,821 49,360 330,181 211,850 88,632 29.699 29 96122 Utility Rate Study Projects 6,831,920 6,831,920 6,831,920 0 0 6,831,920 96124 Storm Pipe System Improv 1,543,750 1,543,750 121,270 1,665,020 1,172,096 195,121 297.804 30 96125 Town,Pond 6,800,000 6,800,000 1,695,000 8,495,000 2,112,088 181,796 6,201.116 31 96127 N Grwd Stmwtr Retrofit 265,050 337,357 337,357 45,940 289,889 1.528 96128 Allen's Ck Gabton 1,300,000 1,300,000 1,300,000 18,154 737,357 544,489 96129 Stev Ck Estuary Restor 1,859,228 1,786,921 112,789 1,899,710 693,572 233,897 972,241 32 96130 NPDES . 99,672 99,672 99,672 70,314 29,358 0 96132 Mech Street Sweeper 137,900 137,900 -4,537 133,363 133,363 0 0 C 33 96133 Mach Slope Mower 75,000 75,000 -17,890 57,110 57,110 0 0 C 34 96135 Fairwood Ave 500,000 500,000 500,000 0 0 500,000 96136 1 1/2 ton Enclosed Van 44,000 44,000 -10,712 33,288 33,288 0 0 C 35 .96137 FDEP Compliance 347,596 347,596 347,596 0 0 347,596 96138 Positrack & Trailer 53,000 53,000 53,000 36,331 0 16.669 96139 Vac-Con W/ Attachments 175,000 175,000 175,000 0 175,000 0 28,602,663 28,804,604 1,544,510 30,349,114 11,488,281 3,054,786 15,806,047 Water System 96721 System R & R-Maintenance 665,149 665,149 665,149 613,725 0 51,424 98739 Reclaimed Water Dist 18.071,871 18,071,871 -1,000,000 17,071,871 10,839,808 4,721,759 1,510,304 57 96740 Water Supply/Treatment 3,091,089 3,271,089 -2,0670000 1,204,089 760,533 354,977 88,580 58 96741 System R & R-Capitalized 4,020,514 3,947,825 -2,033,000 1,914,825 1,842,078 448 72,300 59 96742 Line Relocation-Capitalized 4.244,310 4,244,310 15,980 4,260,290 3,087,530 191,941 980,819 60 96743 Mtr Bkflow Prev Dev/Chang 1.275,273 1,400,273 -276,375 1,123,898 481,777 0 642,121 61 96744 System Expansion 878,770 886,040 886,040 505,231 0 380,809 62 96745 Reclaimed Water Vehicles 41,214 40,203 40,203 40,203 0 0 C 96746 Boring Machine & Trailer 90.000 79,030 79,030 79,030 0 0 C 96747 Rain Sensor Rebates 0 20,000 125,000 145,000 381 250,000 -105,381 63 96748 Water Treatmt Facility 0 631,400 2,465,165 3,096,565 631,400 2,465,165 64 96749 Clwr Harbor Trans Main 0 3,359,437 -1,510,958 1,848,479 1,858,479 -10,000 65 96750 Well Rehabilitation 0 500,000 -223,625 276,375 0 0 276,375 66 96751 Disinfection Systems 0 1,400,000 -1,400,000 0 0 0 0 67 96752 Water Service lines 0 500,000 500,000 0 0 500,000 96753 Forklift-Water Division 0 25,000 25,000 0 0 25,000 96754 Pick-up Truck-Rec Wtr 0 29,400 29.400 0 26,782 2,618 32,378,190 39,071,027 -5,904,813 33,108,214 18,250,298 8.035,785 6,880,133 33 0 CAPITAL. IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY THIRD QUARTER: October 1, 2000 to June 30, 2001 Actual Expenditures I Budget Amended Revised Project Open Available Amend _ Description 1011100 Prev Qtr Amdmts Budget To Date Encumbr Balance Status Ref Sewer System 96630 Sanitary Sewer Ext 952,439 1,052,439 1,052,439 580,887 50,742 420,809 96634 San Util Relx Accomodation 3,366,439 3,366,439 32,620 3,399,059 1,837,327 421,073 1,140,659 41 96645 Laboratory Upgrade & R&R 535,113 535,113 535,113 340,980 5,235 188,899 96652 Morton Plant Pump Station 1,170,000 1,170,000 -987,416 182,584 182,584 0 0 C 42 96654 Facillties Upgrade & Improv 1,375,366 1,375,366 1,375,366 378,497 3,288 993,581 43 96656 Laboratory Buildiong 1,675,000 2,198,962 2,198,962 226,581 1,972,382 0 44 96658 Northeast Improvements 1,390,000 7,568,335 547 7,568,882 198,955 5,856,913 1,513,015 45 96662 Digester CLNA/Marshall 375,000 375,000 -375,000 0 0 0 0 46 96664 WPC R & R 2,091,189 2,080,018 2,080,018 1,708,137 159,173 212,708 96665 Sanitary SewerR&R 13,266,665 14,741,624 -3,836,296 10,905,328 5,392,280 2,115,972 3,397,075 47 96670 Poll Star Tk Remov-W PC 150,000 150,000 150,000 120,502 400 29,098 96671 Rotary Screen Sludge Thick 710,000 153,762 153,762 135,196 18,566 0 C 96672 NE AWT Carousel 5,290,000 4,595,219 4,595,219 324,182 245,318 4,025,719 48 98674 NE - Aerated Sludge Hold Tk 784,000 547 -547 0 0 0 0 C 49 96675 Wastewtr Coll Pick-up Trucks 38,000 38,000 -6,474 31,526 31,526 0 0 C 50 96676 Telemetry Sys for Lift Sta 160,000 285,000 -150,000 135,000 32,960 0 102,040 51 96679 NE-Blower & Building 135,000 0 0 0 0 0 C 96680 NE & East-Influent Screen Con 170,000 170,000 170,000 0 74,680 95,320 96681 NE-Control Bldg Gr Fl Remod 157,000 157,000 -157,000 0 0 0 0 52 96683 WPC Master Plan Ph it FY99/0 1,067,000 1,200,000 1,200,000 0 0 1,200,000 53 96685 WPC Master Plan Ph III 1,524,000 1,400,038 -500,000 900,038 0 48,000 852,038 54 96686 Pump Station Replacement 2,000,000 4,000,000 -1,500,000 2,500,000 0 0 2,500,000 55 96687 ChwHarbor Force Mns 0 1,440,563 1,440,563 0 1,440,563 0 96688 Clwr Harbor Swr Line Rel 0 1,000,000 -450,000 550,000 0 0 550,000 56 96689 TV Truck - Sewer 0 150,000 150,000 0 0 150,000 96690 Van Con Truck - Sewer 0 190,000 190,000 0 0 190,000 96691 Portable Generators-Swr 0 130,000 130,000 0 0 130,000 W692 Pick-up Truck-Sewer 0 29,400 29,400 0 25,480 3,920 38,382,211 49,552,825 -7,929,566 41,623,259 11,490,593 12,437,785 17,694,861 Gas System 96310 Pin Ph III Gas Mains & Svc 4,484,230 4,044,960 7,779 4,052,739 4,052,739 0 0 C 36 96311 Pin Ph III Gas Improvements 270,000 167,973 167,973 167,973 0 0 C 96312 Pinellas Ph Ill Relocation 790,000 404,013 -50,818 353,195 352,144 1,050 0 C 37 96313 Pin Ph III Land, Bldg & Equip 200,000 75,291 75,291 75,291 0 0 C 96314 Pasco Ph II Gas Maint & Svc 1,730,000 2,845,036 43,039 2,888,075 2,644,656 75,665 167,755 38 96315 Pasco Ph 11 Land, Bldg &Eq 250,000 52,522 52,522 52,522 0 0 C 96316 Pasco County Relocation 0 134,435 134,435 134,435 0 0 96358 Environmental Remedlation 887,335 887,335 887,335 510,808 59,022 317,505 96364 SystemR&R-Capitalized 1,239,362 1,239,362 1,239,362 0 0 1,239,362 96365 Una Relocation-Pinell Maint 266,089 266,089 266,089 0 0 266,089 96366 System R&R-Pinellas Maint 481,687 481,687 481,687 197,266 0 284,421 96367 Gas Meter Change Out-Pin 225,000 225,000 225,000 0 0 225,000 96374 tine Relocation-Pin Capit 3,800,507 3,800,507 -796,685 3,003,822 183,658 441,663 2,378,501 39 96376 Line Relocation - Pas Maint 10,000 10,000 10,000 0 0 10,000 96377 Pinellas New Main / Ser 316,630 316,630 796,685 1,113,315 100,155 29,763 983,397 40 96378 Pasco New Mains / Ser 240,000 240,000 240,000 39,344 0 200,656 Sub-Total 15,190,840 15,190,840 0 15,190,840 8,510,992 607,163 6,072,683 Solid Waste 96426 Facility R& R 981,752 981,752 981,752 765,153 28,908 187,691 96427 Residential Container Acq 1,873,996 1,873,996 1,873,996 1,756,580 95,324 22,091 96429 Commercial Container Acq 3,038,708 3,038,708 3,038,708 2,594,906 312,669 131,133 96438 Vehicle Acquisition 495,000 495,000 495,000 365,450 0 129,550 96439 Container Screening Pro 450.000 450,000 450,000 12,783 0 437,216 96440 Improvements to SW Compix 160,260 208,785 208,765 32.801 0 175,984 96441 Special Solid Waste Service 50,000 1,475 1,475 1,475 0 0 C 96442 SW Vehicle Replacement 60,000 60,000 60,000 0 55,511 4,489 Sub Total 7,109.716 7,109,716 0 7,109,716 5,529,147 492,412 1,0813,156 34 0 CAPITAL IMPROVEMENT PROGRAM PROGRAM & STATUS SUMMARY THIRD QUARTER: October 1, 2000 to June 30, 2001 Actual Expenditures i Budget Amended Revised Project Open Available Amend Description 1011/00 Prey Qtr Amdmts Budget To Date Encumbr Balance Status Ref Utility Miscellaneous 96516 Citywide Aerial Photo 197,447 197,447 197,447 147,488 0 49,959 96521 PW Infra Mgmt System 700,020 700,020 700,020 169,372 235,792 294,856 96522 Pub Utilities Adm Building 25,000 115,000 115,000 77,667 10,484 26,849 Sub-Total 922,467 1,012,467 0 1,012,467 394,527 246,276 371,664 Recycling 96801 Recycling Vehicles 332,640 332.640 332,640 181,200 0 151,440 96802 Recyci Bldg/Process Ramp 334,833 334,833 334,833 324,954 9,878 1 96804 Recycling Carts/Dumpsters 501.925 501,925 501,925 242,251 621 259,053 96805 Recyc Expan/Prom/R&R 826,446 826,446 826,446 518,982 569 306,895 96806 RecyrJing Equip Reptac 1,025,550 1,025,550 1,025,550 182,618 .171,685 671,247 Sub-Total 3,021,394 3,021,394 0 3,021,394 1,450,005 182,753 1,388.636 307,653.846 325,303.305 2,498,202 327,801,507 171,155,260 33,582,596 123,063,655 35 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Intrafund Net Budget Number Number Amount Transfer Amount Description Amendment Public Safety Programs Bullet Proof Vest 2001 - Record a grant from the Bureau of Justice Assistance in the amount of $2,940.69 and General Fund matching funds of $3,029.31 from savings within the Police Department operating 1 99306 5,970.00 budget to purchase bulletproof vests. 5,970.00 LLEBG Year 4 - Record a budget increase of $2,746.31 in interest earnings to match budgeted revenues with actual revenues 2 99307 2,746.31 received. 2,746.31 K-9 Equipment - Record a budget increase of $5,925.00 in donations to match budgeted 3 99310 5,925.00 revenue with actual revenues received. 5,925.00 Weed & Seed Asset Forf. 2001 - Establish a budget in the amount of $50,000.00 recognizing funding from the Department of 4 99311 50,000.00 Justice. 50,000.00 Police Education Fund - Record a budget increase of $9,653.50 in Police Education Fines to match budgeted revenues with 5 99317 9,653.50 actual revenues received. 9,653.50 Local Law Enforcement Block Grant Year 5 - Record a budget increase of $28,490.61 representing $3,546.61 in interest earnings to match budgeted revenues with actual revenues received and General Fund matching funds of $24,944.00 from savings within the Police Department's operating 6 99326 28,490.61 budget. 28,490.61 Florida Contraband Forfeiture - Record budget increases of $49,191.96 in court forfeiture proceeds to match budgeted 7 99330 49,191.96 revenues with actual revenues received. 49,191.96 Law Enforcement Trust Fd '99 - Record a transfer of $21,666.00 to 181-99335 Operation Apoyo Hispano to cover matching 8 99331 (21,666.00) fund requirements. (21,666.00) 36 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Intrafund Net Budget Number Number Amount Transfer Amount Description Amendment Officer Friendly Program - Record a budget increase of $1,200.00 in donations to match budgeted revenues with actual revenues 9 99333 1,200.00 received. 1,200.00 Operation Apoyo Hispano - Establish a budget in the amount of $21,666.00 representing a transfer from 181-99331 to cover match fund requirement. The total project will be $86,666.00 of which $65,000.00 will be Federal funds, that will be recognized when the grant is awarded. It will be used to contract with the YWCA for Spanish interpreter and victim advocacy services for Hispanics in Clearwater. The Federal funds will not be received until 10 99335 21,666.00 October. 21,666.00 GIS 2000- Record a budget decrease of $561.65 representing a decrease of $639.59 Florida Community Affairs revenue and an increase of $77.94 of General Fund revenues representing savings within the Police Department's operating budget to match budget with actual expenditures and close 11 99336 (561.65) program. (561.65) Tobacco Enforcement 01 - Record a budget increase of $13,814.89 representing $15,319.57 from the Department of Business & Professional Regulations extending the program through June 30, 2001 and transfer of $1,504.88 to 181-99349 Weed & Seed 12 99345 15,319.57 (1,504.88) Asset Forfeiture '99. 13,814.69 LLEBG Year 3 - Record a budget increase of $14,340.26 representing a decrease of $2,851.54 in interest earnings to match budgeted revenues with actual revenues received and a transfer of $17,191.80 of General Fund revenues representing savings 13 99347 14,340.26 in the Police Department's operating budget. 14.340.26 37 Special Program Fund Third Quarter Budget Amendments Octobor 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Number Number Amount 14 99349 15 99353 16 17 18 19 20 721.87 2,000.00 Intrafund Transfer Amount. Description Weed & Seed Asset Forfeiture '99 - Record transfers of $9,214.24 from 181-99361 Pub Hsg Drug Elimination, $1,504.88 from 181- 99345 Tobacco Enforcement '01, and $721.87 of General Fund revenues representing savings in the Police Department's operating budget to close the 10,719.12 project. DUI Education - Record a budget increase of $2,000.00 in donations to match budgeted revenues with actual revenues received. Greenwood/Gardens Youth Program - Record a budget transfer of $44,520.00 to 99356 (44,520.00) 181-99947 Safe Neighborhood TV Specialist. Pub Hsg Drug Elimination - Record a transfer of $9,214.24 to 181-99349 Weed & 99361 (9,214.24) Seed Asset Forfeiture'99 and close program. 99375 99387 99947. 93,771.00 29,538.54 Public Safety Program Totals: 308,306.97 COMMUNITY DEVELOPMENT 21 99430 COPS Universal - Record a budget increase of $93,771.00 of General Fund revenues representing savings in the Police Department's operating budget to provide matching funds for this project. Fed Forfeiture Sharing - Record a budget increase of $29,538.54 representing additional funds received from the Department of Justice to match budgeted revenues to actual received. Safe Nelghborhood TV Specialist - Establish a budget in the amount of $44,520.00 representing a transfer from 181- 44,520.00 99356 Greenwood/Gardens Youth Program. 0.00 Code Enforcement '97 - Record a budget transfer of $100.00 to 99655 Public Services '98 and $6,870.87 to 99653 Infill Housing '98 (6,970.87) and to close program Net Budget Amendment 11,440.99 2,000.00 (44,520.00) (9,214.24) 93,771.00 29,538.54 44,520.00 308,306.97 (6,970.87) 38 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Number Number Amount 22 99488 23 24 25 26 Intrafund Transfer Amount Description Code Enforcement'95 - Record a budget transfer of $7,988.40 to 99682 Housing (7,988.40) Rehabilitation 2001. Economic Deveiopment'98 - Record a budget transfer of $14,699.52 from 99652 99651 14,699.52 Housing Rehabilitation '98. Housing Rehabilitation '98 - Record a budget transfer of $14,699.52 to 99651 99652 (14,699.52) Economic Development'98. Infill Housing '98 -Record a budget transfer of $6,870.87 from 99430 Code Enforcement '97 and $3,404.89 from 99654 Public 99653 10,275.76 Facilities '98. Public Facilities'98 - Record a budget transfer of $34,811.00 to 99664 Public Facilities & Improvements '99, $3,404.89 to 99653 Infill Housing '98, and $.11 to 99682 99654 (38,216.00) Housing Rehabilitation 2001. Public Services '98 - Record a budget 27 28 29 30 31 32 33 transfer of $100.00 from 99430 Code Enforcement'97 and transfer of $.90 to 99682 Housing Rehabilitation 2001 and 99655 99.10 close program. Program Administration - Record a transfer of $17,562.43 to 99682 Housing Rehabilitation 2001 and $18,000.00 to 99676 99656 (35,562.43) Program Administration 2000. Economic Deveiopment'99- Record a budget transfer of $83,273.09 to 99681 99661 (83,273.09) Economic Development 2001. Home Ownership'99 - Record a budget transfer of $22,885.10 to 99664 Public Facilities & Improvements and $48,871.79 to 99663 (71,756.89) 99682 Housing. Rehabilitation 2001. Public Facilities & Improvements - Record budget transfer of $34,811.00 from 99654 Public Facilities'98 and $22,885.10 from 99664 57,696.10 99663 Home Ownership '99. Program Administration '99 - Record a budget transfer of $55,510.45 to 99686 99666 (55,510.45) Program Administration 2001. Home Ownership Training '99 -Record a budget transfer of $4,742.84 to 99678 99669 (4,742.84) Demolition 2001. Net Budget Amendment (7,988.40) 14,699.52 (14,699.52) 10,275.76 (38,216.00) 99.10 (35,562.43) (83,273.09) (71,756.89) 57,696.10 (55,510.45) (4,742.84) 39 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project .(Decrease) Intrafund Net Budget Number Number Amount Transfer Amount Description Amendment Program Administration 2000 - Record a budget transfer of $18,000.00 from 99656 34 99676 18,000.00 Program Administration. 18,000.00 Demolition 2001 - Record a budget transfer of $4,742.84 from 99669 Home Ownership 35 99678 4,742.84 Training '99. 4,742,84 Economic Development 2001 - Record a budget transfer of $83,273.09 from 99661 36 99681 83,273.09 Economic Development '99. 83,273.09 Housing Rehabilitation 2001 - Record a budget transfer of $74,423.63 representing $7,988.40 from 99488 Code Enforcement '95, $.11 from 99654 Public Facilities '98, $.90 from 99655 Public Services '98, $17,562.43 from 99656 Program Administration and 37 99682 74,423.63 $48,871.79 from 99663 Home Ownership '99. 74,423.63 Program Administration 2001 - Record a budget transfer of $55,510.45 from 99666 38 99686 55,510.45 Program Administration '99. 55,510.45 Community Development Totals: 0.00 0.00 0.00 SOCIAL SERVICES HUD Computer - Record a budget transfer of General Fund revenues in the amount of $372.00 representing operating savings in the Human Relations program to provide funds to 39 99561 371.75 close the project. 371.75 JWB, - Teen Camp - Record a budget reduction of $64,840.40 in grant revenues to match budgeted revenue with actual 40 99565 (64,840.40) expenditures. (64,840.40) Social Services . Totals: (64,468.65) 0.00 (64,468.65) Marine Programs Seminole Floating Docks - Record a budget increase of $1,939.68 in grant fund revenue 41 99709 1,939.68 and to close program. 1,939.68 Totals: 1,939.68 1,939.68. Miscellaneous Programs 40 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Intrafund Net Budget Number Number Amount Transfer Amount Description Amendment Brownfield Remediation 2 - Record a budget increase of $1,293.12 in interest earnings for year end 9130/00 to match 42 99801 1,293.12 budgeted revenues with actual revenues. 1,293.12 Vision Funds - Transfer $1,500.00 to 181- 99823, United Way 2001 to establish a budget for incidental costs related to the 43 99804 (1,500.00) campaign. (1,500.00) JWB (Juvenile Welfare Board of Pinellas County - Joe DiMaggio Teen 2001) - Establish a budget in the amount of $19,200.00 representing funds received from the Juvenile Welfare Board to fund teen program. Approved by the City Commission 44 99821 19,200.00 June 21, 2001. 19,200.00 JWB (Juvenile Welfare Board of Pinellas County - Ross Norton Teen 2001) - Establish a budget in the amount of $19,200.00 representing funds received from the Juvenile Welfare Board to fund teen program. Approved by the City Commission 45 99822 19,200.00 June 21, 2001. 19,200.00 46 99823 United Way 2001 - Establish a budget in the amount of $1,500.00 funds transferred from 181-99804 Vision Funds to provide funding for incidental costs associated with the 2001 1,500.00 United Way campaign. 1,500.00 47 99824 48 99903 49 99907 OTTED Brownfield Remediation - Establish a budget in the amount of $111,000.00 received from the Office of Tourism, Trade, and Economic Development for funding the assessment and remediation of Brownfield 111,000.00 sites or areas. FROG Reissue Program - Record budget increase of $22.41 in sales to match budgeted revenues with actual revenues 22.41 received. Bluff to Beach Guideway -Record a budget increase of $5,000.00 representing additional funds approved by FDOT for 100% 5,000.00 reimbursement for this study. 111,000.00 22.41 5,000.00 41 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Number Number Amount 50 99908 51 99910 52 99919 53 99922 54 99928 55 99931 56 99941 57 99954 58 99956 212,717.25 19,055.05 53,690.00 intrafund Transfer Amount Description Police Outside Duty - Record a budget increase of $212,717.25 in contractual services revenue to match budgeted revenues with actual revenues received. Library Special Account - Record a budget increase of $19,052.05 in donations and $3.00 in sales to match budgeted revenues with actual revenues received. Waste Tire Grant - Record a budget increase of grant fund revenue in the amount of $53,690.00.. Adopt A Park - Record a budget transfer of $400.00 to 181-99962 Donations & Specified 0.00 (400.00) Parks and Recreation and close program. Nagano Sister City Program - This project budget recognizes the $3,000.00 transfer from the general fund which was approved as part of the original Special Program budget on October 1, 2000. Folk Art Festival - Record a budget increase Net Budget Amendment 212,717.25 19,055.05 = s 53,690.00 (400.00) of $3,620.60 in donations to match budgeted 3,620.60 revenue with actual revenue received. 3,620.60 Moccasin Lake Nature Park - Record budget increases of $757.45 in sales and $675.30 in donations to match budgeted 1,432.75 revenues with actual revenues received. 1,432.75 Special Events - Record budget increase of $67,943.18 representing $33,178.99 in sales, $21,114.19 In rentals, $830.00 in memberships registrations, $90.00 in donations and $12,730.00 in sponsorships to match budgeted revenue with actual revenue 67,943.18 received. 67,943.18 Garden Street Park & Playground - Record budget increase of $32,432.00 in donations to match budgeted revenue with actual revenue 32,432.00 received. 32,432.00 42 Special. Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Intrafund Net Budget Number. Number Amount Transfer Amount Description Amendment Donations & Specified Parks & Recreation Record budget increase of $39,116.53 representing $20,766.80 in donations, $3,454.39 in rentals, $627.00 in sponsorships, $5,027.84 in memberships/registrations, $3,454.39 in rentals and $5,786.11 in sales to match budged revenue with actual revenue received. Also, transfer $400.00 balance of 181-99922 Adopt A Park to P&R Donation 59 99962 39,116.53 400.00 Account. 39,516.53 Tree Replacement Project - Record a budget increase of $6,672.00 in court forfeiture proceeds to match budgeted 60 99970 6,672.00 revenue with actual revenue received. 6,672.00 Brownfield Assessment - Record a budget increase of $410.58 in interest revenue from fiscal year end 9/30/00 to match budgeted 61 99971 410.58 revenue with actual revenue received. 410.58 Brownfield Stabilization - Record a budget increase of $9,109.37 in interest earnings from fiscal year end 9/30/00 to match 62 99972 9,109.37 budgeted revenue with actual revenue 9,109.37 Brownfield Data Collection - Record a budget increase of $4,909.42 in interest earnings from fiscal year end 9/30/00 to match budgeted revenue with actual revenue 63 99973 4,909.42 received. 4,909.42 Brownfield Data Collection and Research - Record a budget increase of $3,201.57 in interest earnings from fiscal year end 9/30/00 to match budgeted revenue with actual 64 99974- 3,201.57 revenue received. 3,201.57 Brownfield Remediation - Record a budget decrease of $2,807.30 in interest revenue to match budgeted revenue with actual revenue 65 99975 (2,807.30) received. (2,807.30) Wild Fire Support - Establish a budget of $23,273.34 representing Clearwater firemen's expenses occurred fighting state wild fires, funding of which has been requested and is anticipated for reimbursment by the State of 66 99985 23,273.34 Florida. 23,273.34 43 Special Program Fund Third Quarter Budget Amendments October 1, 2000 - June 30, 2001 Increase/ Amdmt Project (Decrease) Intrafund Net Budget Number Number Amount Transfer Amount Description Amendment Countryside Recycling - Record a budget decrease of $1,806.58 returning funds to the 67 99987 (1,806.58) Recycling Fund and closing the project. (1,806.58) Moore Fields 8 & 9 - Establish a budget of $530,000.00 representing $330,000.00 in donations and $200,000.00 grant received from the Florida Recreation Development Assistance Program to construct two 68 99990 530,000.00 bailfields. 530,000.00 Trailer Park Fire Hydrant - Establish a budget of $65,000.00 of General Fund revenues representing debt service savings in the Fire Department operating budget representing the match if granted for a trailer park fire hydrant grant from the United States Fire Administration. The grant funding will be 69 99991 65,000.00 recognized when the grant is awarded. 65,000.00 Fire Prevention Education - Establish a budget of $15,000.00 of General Fund revenues representing debt service savings in the Fire Department operating budget for the match if granted a low-income elderly and families with small children fire prevention education grant. The grant funding will be 70 99992 15,000.00 recognized when the grant is awarded. 15,000.00 Safety Village - Record a budget increase of $120.00 in donations to match budgeted 71 99998 120.00 revenue with actual revenue received. 120.00 Miscellaneous Programs Total: 1,238,805.29 0.00 1,238,805.29 Grand Totals: 1,484,583.29 0.00 11484,583.29 as SPECIAL PROGRAM STATUS SUMMARY THIRD QUARTER REVIEW: October 1, 2000 to June 30, 2001 Actual Expenditures Budget Amended Revised Project Open Available Amend Description 1011100 Prev Qtr Amdmt Budget To Date Encumbr Balance Status Ref PLANNING PROGRAMS 99128 Countrywide Consistency Grant 43,050 45,050 45,050 33,910 500 10,640 99130 Beach Plan 3,000 3,000 3,000 1,002 11998 99136 Sustainable Challenge 7,000 7,000 7,000 7,000 53,050 55,050 0 55,050 34,912 500 19,638 PUBLIC SAFETY PROGRAMS 99302 HUD Drug Eliminatlon/CHA 66,160 66,160 66,160 55,771 10,389 99303 HUD Drug Ellmination/CHA 2,000 132,949 132,949 10,923 122,026 99306 Bullet Proof Vest 2001 5,970 5,970 5,970 0 1 99307 LLEBG Year 4 342,500 355,121 2,746 357,867 216,568 141,299 2 99308 Bulletproof Vest Grant 8,032 8,032 8,032 8,032 0 99309 Bulletproof Vest Grant 2000 15,626 15,626 15,626 15,626 0 99310 K-9 Equipment 1,740 1,740 5,925 7,665 1,700 5.925 40 3 99311 Weed & Seed Asset Forf. 2001 50,000 50,000 13,477 36,523 4 99312 Weed & Seed Asset Fod. 2000 50,000 50,000 50,000 64,023 .14,023 99313 PSTs MSB & Library 2000 111,060 111,060 111,060 111,060 0 99314 Suncoast Clean Cities 15,357 7,881 7,881 7,881 0 99316 Police Volunteers 11,500 11,500 11,500 6,213 5,287 99317 Police Education Fund 713,894 741,955 9,654 751,608 694,162 13,123 44,323 5 99318 VOCA Grant 36,121 36,121 36,121 32,757 3,364 99319 Weed & Seed 2000 175,000 175,000 175,000 151,485 197 23,318 99320 Victim Assistance Program 197 197 197 41 156 99321 Hispanic Initiative Video 40,000 40,000 40,000 30,384 9,616 99322 Stop Aggressive Driving 2000 33,000 33,000 33,000 30,798 2,202 99323 Weed & Seed 2001 175,000 175,000 175,000 90,327 69,377 15,296 99325 Citizen's Police Academy 18,500 18,500 18,500 15,445 3,055 99326 LLEBG Year 5 0 226,869 28,491 255,359 76,168 69,134 110,057 6 99327 VOCA Grant 2000 34,910 31,910 34,910 24789 10,121 99329 Investigative Recovery Costs 867,175 879,324 879,324 321,692 228 557,404 99330 FL Contraband Forfeiture Fnd 274,876 472,583 49,192, 521,775 288,166 26,308 207,301 7 99331 Law Enforcement Trust Fd '91 1,657,870 1,577,870 (21,666) 1,556,204 1,468,136 933 87,135 8 99332 Officer Friendly Program 82,263 87,214 87,214 61,771 25,443 99333 Bicycle Jamboree 15,746 17,646 1,200 18,846 16,729 2,117 9 99335 Operation Apoyo Hispano 21,666 21,666 21,666 10 99336 GIS 2000 85,931 85,931 (562) 85,369 85,369 0 11 99337 Project Next Step 78,500 78,500 2,685 38,186 37,629 99340 Clearwater DUI Enforcement'99 92,805 91,815 91,815 91,815 0 99341 Clearwater Pedestrian Safety'99 46,262 45,976 45,976 45,976 0 99342 Stop Aggressive Driving'99 134,298 107,505 107,505 107,505 0 99343 Tobacco Enforcement '99 27,646 0 0 76 -76 99344 Seat Belt Grant/FDOT 20,000 20,000 20,000 19,930 70 99345 Tobacco Enforcement '01 14.837 13,815 28,652 25,360 3,292 12 99346 Geographic Info Systems '99 128,946 125,080 125,080 125,080 0 99347 LLEBG Year 3 362,870 366.269 14,340 380,609 380,639 -30 13 99349 Weed & Seed Asset Forfeiture '99 100,000 100,955 11,441 112,396 112,396 0 14 99353 DUI Education 1,000 1,000 2,000 3,000 11000 2,000 15 99356 Greenwood/Gardens Youth Pnog 175,665 255,665 (44,520) 211,145 106,724 132 104,289 16 99361 Pub Hsg Drug Elimination 224,904 224,904 (9,214) 215,690 215,690 0 17 99363 DUI Equipment Fund 12,000 14,000 14,000 12,649 75 1,276 99364 Crinre Prevention Program 630 630 630 556 74 99365 NHTSA School Bus Passing Grant 46,350 46,350 46,350 46,350 0 99375 COPS Universal Grant 1,778,134 1,778,134 93,771 1,871,905 1,527,701 344,204 18 99386 COPS Problem Solving Partnership 90,856 90,856 90,858 90,726 130 99387 Federal Forfeiture Sharing 85,528 89,822 29,539 119.360 76,557 1,357 41,446 19 99391 Ctwr Pedestrian Safety '98 59,799 53,204 53,204 53,204 0 C 99392 Weed & Seed Asset Forfeiture 181,560 107,358 107,358 107,358 0 99393 COPS MORE 198 1,439,383 1,439,383 1,439,383 1,279,923 129,103 30,357 45 0 SPECIAL PROGRAM STATUS SUMMARY THIRD QUARTER REVIEW: October 1, 2000 to June 30, 2001 Actual Expenditures Budget Amended Revised Project Open Available Amend Description 1011100 Prev Qtr Amdmt Budget To Date Encumbr Balance Status Ref 99394 Weed & Seed '99 175,000 175,000 175,000 168,121 6,879 99396 Geographic Info System'98 219,657 212,968 212,968 212,968 0 99397 Safe Neighborhood - CSF 83,368 63,300 83,300 83,300 0 99399 GIS '98 Enhancement 20,552 16,441 16,441 16,441 0 99489 Americops - Project Nucops 182,379 182,379 182,379 174,120 8,259 99938 Homeless Shelter 485,546 564,396 564,396 564,396 0 99947 Safe Neighborhood TV Specialist 136,377 136,377 44,520 180,897 141,893 39,004 20 Sub-Total 11,143,973 11,785,291 308,307 12,093,598 9,690,632 360,048 2,042,918 COMMUNITY DEVELOPMENT 99430 Code Enforcement '97 163,733 163,733 (6,971) 156,762 156,762 0 21 99433 Infill Housing '97 561,486 561,486 561,486 561,486 0 C 99434 Public Facillties'97 291,260 291,260 291,260 291,260 0 C 99439 Property Demolition '97 2,750 2,750 2,750 2,750 0 C 99488 Code Enforcement'95 168,166 176,154 (7,988) 168,166 168,166 0 C 22 99650 Code Enforcement '98 88,354 88,354 88,354 88,354 0 99651 Economic Development 35,996 35,996 14,700 50,696 99,853 -49,157 23 99652 Housing Rehabilitation 236,043 236,043 (14,700) 221,343 -49,157 270,500 24 99653 Infill Housing '98 199,539 199,539 10,276 209,815 209,815 0 25 99654 Public Facilities '98 260,531 260,531 (38,216) 222,315 222,315 0 26 99655 Public Services '98 149,900 149,900 99 149,999 149,999 0 27 99856 Program Administration 197,000 197,000 (35,562) 161,438 179,438 -18,000 28 99657 Fair Housing '98 10,000 10,000 10,000 10,000 0 C 99661 Economic Deveiopment'99 246,929 246,929 (83,273) 163,656 163,655 0 29 99662 Housing Rehabilitation'99 43,959 43,959 43,959 38,146 5,813 99663 Home Ownership V9 139,589 139,589 (71,757) 67,832 67,832 28,954 -28,954 30 99664 Public Facilities & Improvements '99 262,131 262,131 57,696 319,827 319,827 0 31 99665 Public Services '99 149,850 149,850 149,850 149,850 0 99666 Program Administration'99 199,800 199,800 (55,510) 144,290 144,290 0 32 99667 Fair Housing V9 12,000 12,000 12,000 12,000 0 99669 Home Ownership Training '99 4,743 4,743 (4,743) 0 0 0 33 99670 Housing Relocation 2000 0 0 0 8,548 -8,548 99671 Economic Development 2000 275,000 275,000 275,000 17,485 257,515 99672 Housing Rehabilitation 2000, 93,725 93,725 93,725 51,967 41,758 99673 Infill Housing 2000 0 0 0 9,809 -9,809 99674 Public Facilities & Improv 2000 270,525 270,525 270,525 113,198 150,000 7,327 99675 Public Services 2000 150,750 150,750 150,750 150,723 4,994 -4,967 99676 Program Administration 2000 201,000 201,000 18,000 219,000 130,591 88,409 34 99677 Fair Housing 2000 14,000 14,000 14,000 13,519 481 99878 Demolition 2000 0 0 4,743 4,743 9,565 -4,822 35 99680 Housing Relocation 2001 6,233 6,233 6,233 15,440 -9,207 99681 Economic Dvlopmt 2001 248,000 248,000 83,273 331,273 38,489 126,726 166,058 36 99682 Housing Rehabilitation 2001 0 0 74,424 74,424 20,612 53,812 37 99683 Infill Housing 2001 0 0 0 68 44,450 -44,518 99684 Public Facilities & Imprmts 2001 382,550 382,550 382,550 91,776 290,774 0 99685 Public Svices 2001 159,031 159,031 159,031 116,842 24,189 18,000 99686 Program Adm 2001 200,200 200,200 55,510 255,710 95,785 159,925 38 99688 Demolition 2001 4,987 4,987 4,987 4,987 0 5,429,760 5,437,748 0 5,437,748 3,871,058 670,087 896,603 SOCIAL SERVICES 99538 Affordable Housing Imp Fees 415,315 432,676 432,676 132,235 300,441 99557 Code Enforcement-N Gmwd'96 66,532 66,532 66,532 66,488 44 99559 EEOC Charge Resolution 224,190 230,690 230,690 224,190 6,500 99560 HUD Fair Housing Assistance 107,200 107,200 107,200 97,200 10,000 99561 HUD Computers 10,000 10,000 372 10,372 10,372 0 39 99562 HUD Special Education 30,000 30,000 30,000 25,000 51000 99564 Youth VIP Program 31,250 31,250 31,250 18,750 12,500 99565 JWB - Teen Camp 100,000 100,000 (64,840) 35,160 35,160 0 40 46 0 SPECIAL PROGRAM STATUS SUMMARY THIRD QUARTER REVIEW: October 1, 2000 to June 30, 2001 Actual Expenditures Budget Amended Revised Project Open Available Amend Description 1011100 Prev QV Amdmt Budget To Date Encumbr Balance Status Ref _ 99598 Challenge Loan Guarantee Fd 76,027 80,756 80,756 80,756 99599 Infill Housing Developmt Pgm 459,614 475,194 475,194 209,136 266,058 Sub-Total 1,520,128 1,564,298 (64,469) 1,499,830 818,531 0 681,299 MARINE 99704 Sembler Mitigation Project 439,187 466,729 466,729 466,729 99707 Beach Guard Donations 100 100 100 100 99709 Seminole Floating Dock 45,170 26,514 1,940 28,454 26,514 1,940 C 41 Sub-Total 484,457 493,343 1,940 495,282 26,514 0 468,768 MISCELLANEOUS PROGRAMS 99801 Brownfield Remediation 300,000 305,175 1,293 306,468 255.647 81,305 -30,484 42 99802 Brownfield Revolving Loan 500,000 500,000 500,000 24,893 475,107 99803 Long Center Sinking Fund 205,260 205,260 205,260 177,733 27,527 99804 Vision Fund 126,648 99,878 (1,500) 98,378 35.121 9,839 53,418 43 99805 Public Private Partnership 12,000 12,000 12.000 12,000 0 C 99807 Fun n Sun 2000 34,720 34.720 34,720 34,720 0 99809 Surf and Safari Summer Camp 44,028 37,847 37,847 37,852 -5 99810 Camping Out Summer Camp 16,001 20,527 20,527 20,527 0 99812 Teens on the Run 12,926 11,733 11,733 11,733 0 99813 CPR Doll Donation 0 11000 1,000 1,000 99814 JWB - St Pete JC 18,300 15,997 15,997 15,997 0 99815 Cart Grant 0 22,012 22,012 17,123 4,889 99816 Fun n Sun 2001 0 34,720 34,720 34,840 -120 99817 July 4th 2001 0 25,000 25,000 25,000 0 99818 JWB - Martin Luther King Recreation 0 43,554 43,554 6,772 36,782 99819 JWB - Ross Norton Recreation 0 13,400 13,400 3,477 60 9,863 99820 JWB - Kings Highway Recreation 0 16,001 16,001 1,568 14,433 99821 JWB - Joe DiMagglo Teen 2001. 0 0 19,200 19,200 19,200 44 99822 JWB - Ross Norton Tean 2001 0 0 19,200 19,200 19,200 45 99823 United Way 2001 0 0 1,500 1,500 1,500 46 99824 OTTED Brownfield RemedidatPin 0 0 111,000 111,000 111,000 47 99901 DOT Beautification Courtney Campbell 23,000 18,641 18,641 18,641 0 99902 Extrication'99 6,146 6,146 6,146 2,601 3,545 99903 FROG Reissue Program 10,197 10,414 22 10,436 7,989 2,447 48 99904 Between the Lions 2,500 2,500 2,500 1,518 982 99907 Bluff to Beach Guideway Study 0 145,000 5,000 150,000 114,753 30,247 5,000 49 99908 Police - Outside Duty 147,553 272,627 212,717 485,344 559,304 -73,960 50 99009 CRA Downtown Beautification 36,965 36,965 36,965 36,965 0 C .99910 Library Special Account 253,002 274,969 19,055 294,024 234,213 2,400 57,411 51 99917 Ervin's Youth Group 491,917 491,917 491,917 491,917 0 C 99918 N Ft Harrison Beautification 3,109 -3,109 99919 Waste Tire Grant 274,376 274,376 53,690 328,066 280,653 53,062 -5,649 52 99921 Urban & Comm Forestry Grant 0 0 0 0 C 99922 Adopt-A-Park 5,530 5,530 (400) 5,130 5,130 0 53 99924 City Hall Technology 1,069 -1,069 99925 Peg Access Support 250,000 325,000 325,000 225,000 100,000 99926 Street Banner Program 44,000 40,912 40,912 40,912 0 99928 Nagano Sister City Program 43,329 46,329 46,329 43,632 2,697 54 99931 Folk Art Festival 122,564 127,186 3,621 130,807 114,555 1,521 14,731 55 99939 Brownfield - Federal 300,000 300,000 300,000 155,990 4,500 139,510 99941 Moccasin Lake Nature Park 85,321 87,560 1,433 88,993 78,418 10,575 56 99944 Visitor's Guide 55,000 40,515 40,515 40,515 0 99949 Entrepreneurial Development 3,350 0 0 0 0 .99950 IOB Fees 54,131 54,131 54,131 32,830 21,301 99951 Special Events Pilot Program 147,500 147,500 141,500 135,370 91800 2,330 99952 Union Leave Buyouts 996,820 649,781 649,781 649,781 0 47 SPECIAL PROGRAM STATUS SUMMARY THIRD QUARTER REVIEW: October 1, 2000 to June 30, 2001 Actual Expenditures Budget . Amended Revised Project Open Available Amend Description 1011/00 Prev Qtr Amdmt Budget To Date Encumbr Balance Status Ref 99953 Lobbyist Services 104,500 104,500 104,500 104,735 -235 99954 501(C)3 Services 452,432 925,558 67,943 993,501 897,198 21,250 75,053 57 99956 Garden Street Park & Playground 0 100 32,432 32,532 32,532 58 99957 Sunsets Christmas/Beachfest 0 22,770 22,770 2,785 19,985 99958 Hurricane George 289,452 289,452 289,452 12,680 276,772 99959 Safety Village Upgrade 14,785 14,785 14,785 10,589 4,196 99962 Donations & Specified Parks & Recreati 582,606 637,904 39,517 677,420 638,103 6,578 32,739 59 99963 Economic Development Incentive progr. 131,082 58,128 58,128 152,965 -94,837 99964 Sand Key Beach Vegetation 51,442 145,042 145,042 43,673 97,537 3,832 99970 Tree Replacement Project 333,575 383,330 6,672 390,002 242,242 147,760 60 99971 Brownfield Assessment 150,000 151,723 411 152,133 124,378 27,755 61 99972 Brownfield Stabilization 150,000 150,000 91109 159,109 41,519 117,590 62 99973 Brownfield Clean-up 200,000 200,000 4,909 204,909 54,275 150,634 63 99974 Brownfield Data Collection and Researc 100,000 100,000 3,202 103,202 68,182 5,653 29,367 64 99975 Brownfield - remediation 232,073 234,880 (2,807) 232,073 232,073 0 65 99976 Brownfield State Award 500,000 500,000 500,000 55,995 17,534 426,471 99978 Mainstreet Program 10,044 10,671 10,671 0 10,671 99979 Historical Facade Program 30,988 31,930 31,930 1,989 29,941 99980 Hurricane Irene 2,188 2,188 0 2,188 . 99982 EMS Incentive/Recognition 5,925 5,925 0 5,925 99983 Local Mitigation Strategy 50,000 50,000 50,000 6,919 43,081 99984 North Florida Firefighting 35,585 35,585 35,585 35,585 0 C 99985 Wild Fire Support 23,273 23,273 23,273 0 66 99987 Countryside Recycling 1,807 1,807 (1,807) 0 0 0 67 .99989 Media Radios 10,107 10,107 10,107 1,842 8,265 99990 Moore Fields 8&9 530,000 530,000 530,000 68 99991 Trailer Park Fire Hydrant 65,000 65,000 65,000 69 99992 Fire Prevention Education . 15,000 15,000 15,000 70 99993 Sailing Center Donations 27,815 27,815 27,815 26,975 840 99995 Water Conservation Devices 100,000 100,000 100,000 72,826 27,174 99998 Safety Village 19,168 19,382 120 19,502 12,841 6,661 71 8,200,545 8,970,405 1,238,805 10,209,210 6,853.510 341,286 3,014,414 TOTAL ALL PROJECTS 26,831,913 28,306,135 1,484.583 29,790,719 21,295,157 1,371,921 7.123,640 48 City of Clearwater SPECIAL DEVELOPMENT FUND Third Quarter Amendments FY 2000/01 Revenues Expenditures Transfers Increase/ (Decrease Descriotion Development Impact Fees - To recognize an increase in 20,000 anticipated receipts for fiscal year 2000/01. Interest Earning - To recognize an increase in anticipated 150,000 receipts for fiscal year 2000101. Ooen Space Impact Fees - To recognize an increase in 19,370 anticipated receipts for fiscal year 2000/01. Recreation Facility Impact Fees - To recognize a decrease in (71,900) anticipated receipts for fiscal year 2000/01. Transportation Impact Fees - To recognize an increase In the 79,420 City's share of anticipated receipts for fiscal year 2000/01 based 196,890 Net Revenue Amendments 69,025 Transfers to (from) the Capital Improvement Fund Budget amendments reflect the transfer of $30,462.48 of recreation land impact fees and $38,562.52 of open space impact fees, for a total transfer of $69,025.00 to capital project 69,025 315-93128, Ray Green Park for improvements to the park. 69,025 The budget amendment reflect the payment of anticipated bond interest for fiscal year 2000/01 on the Penny for Pinellas 500,000 bonds issued this year. 569,025 Net Expenditure Amendments 49 SPECIAL REVENUE FUNDS Third Quarter: October 1. 2000 - June 30, 2001 SPECIAL DEVELOPMENT FUND First Quarter Mid Year Third Quarter Original Amended Amended Amended Budget Budget Budget Budget 2000/01 2000101 2000/01 2000101 Amendments Revenues: Ad Valorem Taxes 1,728,820 1,728,820 1,728,820 1,728,820 Infrastructure Tax 8,598,000 8,598,000 8,598,000 8,598,000 Development Impact Fees 85,680 235,680 235,680 255,680 20,000 Interest Earnings 650,000 650,000 650,000 800,000 150,000 Open Space Fees 65,630 110,630 110,630 130,000 19,370 Recreation Facility Impact Fees 81,900 81,900 81,900 10,000 (71,900) Recreation Land Impact Fees 21,840 21,840 21,840 21,840 Transportation Impact 390,580 390,580 390,580 470,000 79,420 Fee in lieu of Parking 0 0 0 0 Local Option Gas Tax 937,230 937,230 937,230 937,230 Appropriation of Prior Year Revenues Expenditures: Transfer to Capital Improvement Fund Transfer to Special Program Fund Debt Service - Infra (Penny)Tax Loans Debt Service Payments - Other SPECIAL PROGRAM FUND Revenues: Intergovernmental: CDBG Grant Home Funds SHIP Funds Interest Earnings Police Fines and Court Proceeds Other Governmental Revenue Sales Rent General Fund Revenue Recycling Revenue Donations Transfer Out - to Central Insurance Transfer Out - to CRA Grant Proceeds Contractua! Services Expenditures: Planning Program Public Safety Community Develop Prog Social Services Marine Miscellaneous Home Program SHIP Program Nagano Program 0 0 0 0 12,559,680 12,754,680 12,754,680 12,951,570 196,890 0 0 12,450,820 8,583,456 8,826,911 8,895,936 .69,025 0 0 0 0 0 0 0 500,000 500,000 0 0 0 0 12,450,820 8,583,456 8,826,911 9,395,936 569,025 1,001,001 1,001,001 1,001,001 1,001,001 463,000 463,000 463,000 463,000 854,299 854,299 854,299 854,299 120,000 212,075 236,794 256,352 19,558 0 132,121 256,641 322,159 65,517 0 157,158 491.391 491,391 0 19,700 328,528 368,276 39,748 0 8,293 20,487 48,510 28,023 3,000 94,885 87,797 307,905 220,108 0 0 0 -1,807 (1,807) 0 226,776 299,503 734,600 435,097 0 -347,039 -347,039 -347,039 0 -77,929 -77,929 -77,929 0 93,421 150,962 616,584 465,622 0 73,760 147,086 359,804 212,717 2,441,300 2,911,522 3,912,522 5,397,106 1,484,583 0 0 0 0 0 296,046 641,317 949,624 308,307 11001,001 1,008,989 1,008,989 1,008,989 0 0 0 -64,469 (64,469) 0 27,542 8,886 10,826 1,940 0 92,476 766,861 2,005,666 1.238,805 463,000 463,000 463,000 463,000 .854,299 854,299 854,299 854,299 3,000 3,000 3,000 3.000 50 City of Clearwater, Florida ADMINISTRATIVE CHANGE ORDERS Third Quarter Review FY 2000/01 In accordance with City of Clearwater Code Section 2.564(2), the City Manager may approve and execute change orders without City Commission approval within certain limitations. The following change order have been administratively approved since the last report to the Commission based on the code specified criteria: 1. Increases do not exceed $25,000 over Commission approved amount on a cumulative basis. 2. Change does not change the scope of a project. 3. Price increases do not require additional appropriation to the project. 4. Contract price decreases may be approved without limitation. 5. The time for completion may not be extended by more than thirty (30) days, in any one change or cumulatively for the same project. 7/19/01 Administrative Change Order No. 1 and Final - Gulf Boulevard Landscape /mprovernents Phase 1 (00-0010-EN). This change order decreases the contract by $12,067.62 for actual quantities of supplies used in the completion of this project. Florida's Finest Landscape Services, Inc. -$12,067.62 7126101 Administrative Change Order No. 3 - Alligator Creek Implementation Projects (99-0025-EN). This change order increases the contract by $12,135.00 due to a different ground cover being used than originally planned and decreases the contract by $13,665.00 for actual quantities of supplies used in the course of this project. This results in a net decrease of $1,535.00 for this contract. Harvey - Taddeo, Inc. -$1,530.00 8/13/Oi Administrative Change Order No. 1 and Final - 2001 Tennis Court Resurfacing Contract (01-0007-PR). This change order decreases the contract by $3,460.00 for the 10% contingency that was not needed on this completed project. Welch Tennis Courts, Inc. -$3,460.00 51 ORDINANCE NO. 6844-01 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING THE OPERATING BUDGET FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2001 TO REFLECT INCREASES AND DECREASES IN REVENUES AND EXPENDITURES FOR THE GENERAL FUND, SPECIAL DEVELOPMENT FUND, SPECIAL PROGRAM FUND, WATER & SEWER FUND, GAS FUND, SOLID WASTE FUND, RECYCLING FUND, MARINE & AVIATION FUND, PARKING FUND, ADMINISTRATIVE SERVICES FUND, GENERAL SERVICES, AND GARAGE FUND, AS PROVIDED HEREIN; PROVIDING AN EFFECTIVE DATE. WHEREAS, the budget for the fiscal year ending September 30, 2001, for operating purposes, including debt service, was adopted by Ordinance No. 6608-00; and WHEREAS, at the Third Quarter Review it was found that increases and decreases are necessary in the total amount of $825,428 for revenues and $14,720,797 for expenditures; and WHEREAS, a summary of the amended revenues and expenditures is attached hereto and marked Exhibit A; and WHEREAS, Section 2.519 of the Clearwater Code authorizes the City Commission to provide for the expenditure of money for proper purposes not contained in the budget as originally adopted due to unforeseen circumstances or emergencies arising during the fiscal year, now, therefore, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Section 1 of Ordinance No. 6608-00 is amended to read: Pursuant to the Amended City Manager's Annual Report and Estimate for the fiscal year beginning October 1, 2000 and ending September 30, 2001 a copy of which is on file with the City Clerk, the City Commission hereby adopts an amended budget for the operation of the City, a copy of which is attached hereto as Exhibit A. ion 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING September 20, 2001 PASSED ON SECOND AND FINAL October 4, 2001 READING AND ADOPTED 104 Brian J. A s , Mayor-Commissioner Apped as to form: I,/ Pamela K. Akin, City Attorney Attest: Cynthia E. Goudeaw City Clerk Ordinance No. 6844-01 EXHIBIT A 2000.01 BUDGET REVENUE First Third Quarter Mid Year Quarter Original Amended Amended Amended Budget Budget Budget Budget Budget 2000/01 2000101 2000/01 2000101 Amendment General Fund: Property Taxes 25,832,120 25,832,120 25,832,120 26,018,720 186,600 Sales Tax 5,680,550 5,680,550 5,680,550 5,680,550 Franchise Fees 7,937,460 8,072,020 8,398,322 8,893,700 495,378 Utility Taxes 16,167,360 16,167,360 16,090,330 15,213,750 -876,580 Licenses & Permits 3,215,970 3,215,970 3,417,120 3,517,120 100,000 Fines, Forfeitures or 0 0 0 0 Penalties 1,415,900 1,415 900 1 500 000 1,500 000 , , , , Intergovernmental Revenue 8,982,510 9,018,311 8,768,849 8,759,209 -9,640 Charges for Services 2,121,620 2,121,620 1,924,810 1,826,490 -98,320 Use and Sale of City Property and Money 1,005,790 1,005,790 1,005,790 1,528,530 522,740 Miscellaneous Revenues 153,510 169,995 205,705 165,705 -40,000 Interfund Charges/Transfers 11,077,210 10,967,130 11,002,690 11,265,075 262,385 Transfer from Surplus 0 -593,200 -593,200 -425,818 167,382 Total, General Fund 83,590,000 83,073,566 83,233,086 83,943,031 709,945 Special Revenue Funds: Special Development Fund 12,559,680 12,754,680 12,754,680 12,951,570 196,890 Special Program Fund 2,441,300 2,911,522 3,912,522 5,397,105 1,484,583 Utility & Other Enterprise Funds: Water & Sewer Fund 40,558,520 41,454,370 41,454,370 38,601,370 -2,853,000 Gas Fund 23,068,450 32,641,240 32,824,740 33,255,820 431,080 Solid Waste Fund 15,384,000 15,565,000 15,757,000 15,927,000 170,000 Stormwater Utility Fund 5,055,000 5,387,210 5,387,210 5,387,210 Recycling Fund 2,320,330 2,359,940 2,393,540 2,397,490 3,950 Marine and Aviation Fund 2,852,660 3,251,981 3,466,511 3,704,491 237,980 Parking Fund 3,608,748 3,608,748 3,937,978 4,051,978 124,000 Harborview Center Fund 2,442,420 4,342,000 4,357,000 4,357,000 Internal Service Funds: Administrative Services Fund 7,779,880 7,627,658 7,758,508 7,928,508 170,000 General Services Fund 2,885,690 2,885,690 2,885,690 2,885,690 Garage Fund 8,821,000 8,821,000 8,711,000 8,861,000 150,000 Central Insurance Fund 12,425,180 15,170,219 17,865,219 17,865,219 Total, All Funds 225,792,858 241,854,824 246,699,054 247,524,482 823,428 53 Ordinance #684"1 EXHIBIT A (Continued) 2000-01 BUDGET EXPENDITURES Original Budget 2000101 First Quarter Amended Budget 2000101 Mid Year Amended Budget 2000/01 Third Quarter Amended Budget 2000/01 udget Amendment General Fund: City Commission 204,950 204,950 219,170 219,170 Administration 3,042,730 3,064,270 3,105,980 3,105,980 Legal 1,237,360 1,236,310 1,236,310 1,236,310 City Clerk 1,181,320 1,180,390 1,180,390 1,210,390, 30,000 Financial Services 1,950,840 1,949,240 1,949,240 1,949,240 Human Resources 989,580 1,039,990 1,039,990 1,039,990 Police 26,536,190 26,553,650 26,603,650 26,603,650 Fire 15,118,810 15,106,950 15,106,950 15,106,950 Planning 8 Development Services 4,470,380 4,486,480 4,486,480 4,486,480 Public Works Administration 7,465,250 7,459,090 7,471,140 7,471,140 Parks & Recreation 13,227,740 13,216,860 13,250,370 13,253,190 2,820 Library 4,375,040 4,426,796 4,426,796 4,426,796 Quality of Life Administration 725,890 706,065 706,065 706,065 Marine - Pier 60 310,950 310,690 310,690 333,190 22,500 Marine - Sailing Center 170,020 170,020 170,020 170,020 Grant Writer 66,180 66,180 66,180 66,180 Non-Departmental 2,506,550 1,885,415 1,903,665 2,558,290 654,625 Transfer to Surplus 10,220 10,220 0 0 Total, General Fund 83,590,000 83,073,566 83,233,086 83,943,031 709,945 Special Revenue Funds: Special Development Fund 12,450,820 8,583,456 8,826,911 9,395,936 569,025 Special Program Fund 2,321,300 2,791,522 3,792,522 5,277,105 1,484,583 Utility & Other Enterprise Funds: Water & Sewer Fund 39,482,520 39,482,520 39,340,830 21,368,070 -17,972,760 Gas Fund 22,999,180 32,497,317 31,621,575 31,678,445 56,870 Solid Waste Fund 15,367,580 15,445,380 15,539,820 15,590,790 50,970 Stormwater Utility Fund 5,036,180 5,364,820 5,364,820 5,364,820 Recycling Fund 2,320,330 2,359,940 2,393,440 2,394,010 570 Marine and Aviation Fund 2,815,930 3,239,731 3,403,731 3,613,731 210,000 Parking Fund 2,939,920 2,992.11.0 3,048,600 3,048,600 Harborview Center Fund 2,433,870 2,431,539 2,446,539 2,446,539 Internal Service Funds: Administrative Services Fund 7,779,880 7,627,658 7,758,508 7,758,508 General Services Fund 2,835,000 2,835,000 2,853,000 3,023,000 170,000 Garage Fund 8,778,510 8,778,510 8,668,510 8,668,510 Central Insurance Fund 10,577,260 12,975,260 15,670,260 15,670,260 Total, All Funds 221,728,280 230,478,329 233,962,152 219,241,355 -14,720,797 54 Ordinance #8844-01 ORDINANCE NO. 6845-01 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AMENDING THE CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2001, TO REFLECT A NET INCREASE OF $2,498,202 PROVIDING AN EFFECTIVE DATE. . WHEREAS, the Capital Improvement Budget for the fiscal year ending September 30, 2001 was adopted by Ordinance No. 6609-00; and WHEREAS, Section 2.519 of the Clearwater Code authorizes the City Commission to provide for the expenditure of money for proper purposes not contained in the budget as originally adopted due to unforeseen circumstances or emergencies ari sing during the fiscal year, now, therefore, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA; Section 1. . Section 1 of Ordinance No. 6609-00 is amended to read: Pursuant to the Third Quarter Amended Capital Improvement Program Report and Estimated Budget for the fiscal year beginning October 1, 2000 and ending September 30, 2001, a copy of which is on file with the City Clerk, the City Commission hereby adopts a Third Quarter Amended budget for the capital improvement fund for the City of Clearwater, a copy of which is attached hereto as Exhibit A. Section 2. This ordinance shall take effect immediately upon adoption. 11 PASSED ON FIRST READING September 20, 2001 PASSED ON SECOND AND FINAL READING AND ADOPTED Approved as to form: Pamela K. kin City Attorney October 4, 2001 /Y. j ,*? - Bran J. n s Mayor-Commissioner Attest: Cynthia E. Goudea City Clerk ' Ordinance #6845-01 EXHIBIT A CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR 2000/01 First Qtr Mid Year Third Qtr Original Amended Amended Amended Budget Budget Budget Budget 2000/01 2000/01 2000/01 2000/01 Amendments Police Protection 1,320,260 1,070,260 1,070,260 1,070,260 Fire Protection 2,446,500 2,369,161 3,130,441 3,204,441 74,000 New Street Construction 0 -62,602 -312,602 -317,022 -4,420 Major Street Maintenance 4,605,890 1,200,146 1,219,832 1,224,252 4,420 Sidewalks 0 -94,256 45,842 924,642 879,000 Intersections 435,000 435,000 435,000 435,000 Parking 225,000 223,700 219,518 219,518 Miscellaneous Engineering 51,340,000 51,359,126 54,054,126 54,039,966 -14,160 Leisure 0 100,750 100,750 169,775 69,025 Park Development 3,425,000 6,779,107 6,772,337 7,502,337 730,000 Beautification 0 -4,107 -4,107 -4,107 Marine/Aviation Facilities 820,000 1,515,886 1,352,920 756,899 -596,021 Libraries 5,195,010 1,852,477 1,852,477 15,113,410 13,260,933 Garage 2,785,000 2,833,646 2,885,489 2,885,489 Maintenance of Buildings 193,600. 241,666 36,608 43,940 7,332 General Public Buildings & Equipment 30,000 30,000 -1,000 -8,462 -7,462 Miscellaneous 658,160 455,260 105,595 491,020 385,425 Stormwater Utility 10,887.500 11,089,441 11,089,441 12,633,951 1,544,510 Gas System 1,878,630 1,878,630 1,878,630 1,878,630 Solid Waste 525,000 525,000 525,000 525,000 Utilities Miscellaneous 225,010 315,010 315,010 315,010 Sewer System 8,647,000 8,585,788 19,817,614 11,888,048 -7,929,566 Water System 4,118,100 4,040,701 10,810,938 4,906,124 -5,904,814 Recycling 245,000 245,000 245,000 245,000 TOTAL 100,005,660 96,984,790 117,645,119 120,143,321 2,498,202 56 Ordinance # 6845-01 EXHIBIT A (Continued) RESOURCES APPROPRIATED FOR CAPITAL PROJECTS 2000101 First Qtr Mid Year Third Qtr Original Amended Amended Amended Budget Budget Budget Budget 2000/01 2000/01 2000/01 2000101 Amendments GENERAL SOURCES: General Operating Revenue 1,161,000 747,693 724,043 1,900,098 1,176,055 General Revenue/County Co-op 175,010 175,010 175,010 175,010 Spacial Development Fund 300,000 249,458 249,458 249,458 Community Redevelopment Agency 0 181,881 181,881 181,881 Downtown Development Board 0 0 0 10,000 10,000 Road Millage 1,710,890 1,645,515 1,645,515 1,645,515 Open Space Impact Fees 0 1,842 1,842 40,404 38,563 Recreation Facillity Impact Fees 0 98,908 98,908 98,908 Recreation Land Impact Fees 0 0 0 30,462 30,462 Transportation Impact Fees 400,000 400,000 400,000 400,000 Pennies 63,321,560 59,494,076 59,643,931 30,533,793 -29,110,138 Penny for Pinellas Bond 0 0 0 37,360,138 37,360,138 Development Impact Fees 380,000 355,287 355,287 355,287 Local Option Gas Tax 300,000 300,000 300,000 300,000 Grants - Other Agencies 800,000 737,500 2,280,000 3,321,500 1,041,500 Interest 0 -25,496 -25,496 -14,563 10,933 Donations 0 7,270 7,270 7,270 City of Safety Harbor 0 0 1,721,363 1,721,363 FI Dept of Envir Protection Grants 0 242,000 242,000 446,360 204,360 Florida State -Other Grants 0 496,676 671,676 1,741,779 1,070,103 Pinellas County 0 0 0 5,091,276 5,091,276 Insurance Reimbursement 0 2,772 2,772 2,772 SELF SUPPORTING FUNDS: Marine/Aviation Revenue 200,000 599,321 738,321 440,310 -298,011 Parking Revenue 225,000 225,000 225,000 225,000 Water Revenue 660,670 660,670 985,670 -4,916,524 -5,902,194 Sewer Revenue 973,670 973,670 . 506,979 -11,434,584 -11,941,564 Reclaimed Water 0 0 0 -360,000 -360,000 Water Impact Fees 110,000 110,000 110,000 341,000 231,000 Water R & R 1,300,000 1,300,000 1,800,000 -533,000 -2,333,000 Sewer R & R 825,000 825,000 2,350,000 274,155 -2,075,845 Sewer Impact Fees 100,000 100,000 100,000 100,000 Gas Revenue 1,878,630 1,881,585 1,881,585 1,931,585 50,000 Solid Waste Revenue 525,000 525,000 525,000 525,000 Stormwater Utility 665,420 665,420 665,420 665,420 Recycling Revenue 245,000 245,000 245,000 245,000 Grant - Reclaimed Water 1,017,800 1,017,800 1,017,800 1,017,800 INTERNAL SERVICE FUNDS: Admin Services Fund 96,560 215,794 215,794 323,126 107,332 Central Insurance Fund 76,650 76,650 2,771,650 2,647.025 -124,625 General Services Fund 0 227 227 227 BORROWING - GENERAL SOURCES: Lease Purchaser 832,750 848,957 532,597 330,372 -202,224 interfund Loan 300,000 300,000 300,000 300,000 57 Ordinance # 6845-01 EXHIBIT A (Continued) RESOURCES APPROPRIATED FOR CAPITAL PROJECTS 2000/01 First Qtr Mid Year Third Qtr Original Amended Amended Amended Budget Budget Budget Budget 2000101 2000/01 2000/01 2000/01 Amendments SELF,SUPPORTING FUNDS: Lease Purchass - Sewer 31,000 31,000 530,400 530,400 Lease Purchase - Water 31,000 17,239 71,639 71,639 Lease Purchase - Storrnwater Utility 228,000 228,000 228,000 154,439 -73,561 Bond Issue - Stormwater 10,060,750 10,060,750 10,060,750 10,060,750 Bond Issue - Water & Sewer 7,979,300 7,979,300 20,280,391 28,779,014 8,498,623 INTERNAL SERVICE FUNDS: Garage Lease/Purchase 2,885,000 2,885,000 2,728,603 2,728,603 Admin Svcs Lease/Purchase 210,000 103,016 103,016 102,035 -981 TOTAL ALL FUNDING SOURCES: 100,005,660 96,984,790 117,649,301 120,147,504 228,202 68 Ordinance # 684"1 Clearwater City woricsession Item #: Commission Final Agenda Item # 35 Agenda Cover Meeting Date: 9/20/01 Memorandum SUBJECT/RECOMMENDATION: Pass on first reading Ordinance 6876-01 providing for the refunding of the outstanding Public Service Tax and Bridge Bonds, Series 1985 and the 1995 Improvement Revenue Bonds, Series 1995, and approve William R. Hough & Co. as the senior underwriter on the bonds and Solomon Smith Barney as the co-underwriter, 0 and that the appropriate officials be authorized to execute same. SUMMARY: • The Public Service Tax and Bridge Bonds, Series 1985 (interest rate 9.125%) and the 1995 Improvement Revenue Bonds, Series 1995 (interest rates from 5.1%-6%) are eligible for refinancing. • Market conditions are very favorable with municipal bond rates significantly lower than the rates on the 1985 and 1995 bonds (estimated at 3% to 5%). It is expected that the City will realize a net present value savings of approximately $400,000.00 on this refunding. Net present value savings is the gross debt service savings after costs of issuance have been deducted and a discounting process has been used to express the savings in today's dollars. It is expected that the annual debt service costs will be reduced by approximately $28,500.00. • The savings generated from this refunding will affected primarily the General Fund as lower interest costs on the bonds. • Since refunding bonds must to timed to the market in order to make the refunding cost effective, this issue will be done via a negotiated sales (underwriters picked in advance and the deal negotiated based upon the market) rather than competitively (underwriters bid the deal on a specific day). • The initial refunding idea for the 1995 bonds was presented to the City by the firm of William R. Hough and Co. and they have worked extensively with the City's Bond Counsel and Financial Advisor to work out the details of the economic benefit of refunding. No other underwriting firm has brought forward ideas on this issue. Based upon their work, William R. Hough has been selected as the senior managing underwriter for this proposed refunding. Since we have decided to also refund the 1985 bonds as part of this refunding, we would like to include Solomon Smith Barney as a co-manager for the refunding. They have been selected since they were the low bidder on the City's last competitively bid bonds (2001 Infrastructure Tax Bonds) and have submitted unsolicited financing ideas to the City on other issues. s A sale resolution will be brought forward for Commission adoption at the same time as the second reading of this ordinance detailing the specifics of the sale. • The complete ordinance is available in the City Clerk Department. Reviewed by: Legal Ld Budget i h P ng urc as Risk Mgmt NA Info Srvc NA Originating Dept: Finance (M. Simmons) Costs Total N/A Public Works DCMIACtvY Finance Submitted by: City manager User Dept. Attachments is None Current FY Appropriation Code: Funding Source: Cl OP Other BM&O DRAFT "3 iff 4/02 #3477 ORDINANCE NO. 6876-01 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AUTHORIZING IMPROVEMENT REVENUE BONDS, SERIES [TO BE DETERMINED] TO FINANCE OR REFINANCE THE COST OF DESIGN, ACQUISITION, CONSTRUCTION, RECONSTRUCTION OR REFUNDING OF CERTAIN IMPROVEMENTS WITHIN THE CITY OF CLEARWATER, PLEDGING THE REVENUES OF THE PUBLIC SERVICE TAX REVENUES FOR THE PAYMENT OF THE DEBT SERVICE ON THE BONDS; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA: SECTION 1. AUTHORITY FOR THIS ORDINANCE. This Ordinance is enacted pursuant to Chapter 166, Part II, Florida Statutes, the Charter of the City of Clearwater and other applicable provisions of law. SECTION 2. DEFINITIONS. Unless the context otherwise requires, the terms defined in this section shall have the meanings specified in this section. Words importing singular number shall include the plural number in each case and vice versa, and words importing persons shall include firms and corporations. "Acquired Obligations" shall mean and include any of the following securities, if and to the extent the same are at the time legal for investment of funds of the Issuer and are non callable prior to their scheduled maturity date (or scheduled redemption date as permitted in paragraph (iij) elowl (i) any bonds or other obligations which as to principal and interest constitute direct obligations of, or are unconditionally guaranteed by, the United States of America, including obligations of any Federal agency or corporation which has been or may hereafter be created pursuant to an act of Congress as an agency or instrumentality of the United States of America to the extent unconditionally guaranteed by the United States of America (including but not limited to obligations of the Resolution Funding Corporation) or any other evidences of an ownership interest in obligations or in specified portions thereof (which may consist of specified portions of the interest 1 ORDINANCE NO. 6876-01 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, AUTHORIZING IMPROVEMENT REVENUE BONDS, SERIES (TO BE DETERMINED] TO FINANCE OR REFINANCE THE COST OF DESIGN, ACQUISITION, CONSTRUCTION, RECONSTRUCTION OR REFUNDING OF CERTAIN IMPROVEMENTS WITHIN THE CITY OF CLEARWATER, PLEDGING THE REVENUES OF THE PUBLIC SERVICE TAX REVENUES FOR THE PAYMENT OF THE DEBT SERVICE ON THE BONDS; PROVIDING FOR THE RIGHTS OF THE HOLDERS OF SUCH BONDS; MAKING CERTAIN OTHER COVENANTS AND AGREEMENTS IN CONNECTION THEREWITH; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA: SECTION 1. AUTHORITY FOR THIS ORDINANCE. This Ordinance is enacted pursuant to Chapter 166, Part II, Florida Statutes, the Charter of the City of Clearwater and other applicable provisions of law. SECTION 2. DEFINITIONS. Unless the context otherwise requires, the terms defined in this section shall have the meanings specified in this section. Words importing singular number shall include the plural number in each case and vice versa, and words importing persons shall include firms and corporations. . "Acquired Obligations" shall mean and include any of the following securities, if and to the extent the same are at the time legal for investment of funds of the Issuer and are non callable prior to their scheduled maturity date (or scheduled redemption date as permitted in paragraph (iii) below): (i) any bonds or other obligations which as to principal and interest constitute direct obligations of, or are unconditionally guaranteed by, the United States of America, including obligations of any Federal agency or corporation which has been or may hereafter be created pursuant to an act of Congress as an agency or instrumentality of the United States of America to the extent unconditionally guaranteed by the United States of America (including but not limited to obligations of the Resolution Funding Corporation) or any other evidences of an ownership interest in obligations or in specified portions thereof (which may consist of specified portions of the interest 1 Ordinance No. 6876-01 thereon) of the character described in this clause (i) held by a bank or trust company as custodian, under which the owner of the investment is the real party in interest and has the right to proceed directly and individually against the obligor on the obligations described in this clause (i), and which underlying obligations are not available to satisfy any claim of the custodian or any person claiming through the custodian or to whom the custodian may be obligated; and (ii) any bonds or other obligations of (a) the State of Florida or (b) any state or governmental unit thereof which are rated at such time in the then highest rating category of two or more nationally recognized municipal rating agencies; and (iii) any bonds or other obligations of any state of the United States of America or of any agency, instrumentality or local governmental unit of any such state (a) which are not callable at the option of the obligor prior to maturity or as to which irrevocable notice has been given by the obligor to call such bonds or obligations on the date specified in the notice, (b) which are fully secured as to principal and interest and redemption premium, if any, by a hind consisting only of cash or bonds or other obligations of the character described in clause (i) hereof which fund may be applied only to the payment of such principal of and interest and redemption premium, if any, on such bonds or other obligations on the maturity date or dates thereof or the specified redemption date or dates pursuant to such irrevocable instructions, as appropriate, and (c) as to which the principal of and interest on the bonds and obligations of the character described in clause (i) hereof which have been deposited in such fund along with any cash on deposit in such fund is sufficient to pay principal of and interest and redemption premium, if any, on the bonds or other obligations described in this clause (iii) on the maturity date or dates thereof or on the redemption date or dates specified in the irrevocable instructions referred to in subclause (a) of this clause (iii), as appropriate. "Additional Parity Obligations" shall mean additional obligations issued in compliance with the terms, conditions and limitations contained herein and which (i) shall have a lien on the Pledged Revenues equal to that of the Bonds, (ii) shall be payable from the Pledged Revenues on a parity with the Bonds, and (iii) rank equally in all other respects with the Bonds. "Amortization Installment" shall mean an amount designated as such by supplemental resolution of the Issuer and established with respect to any Term Bonds. "Authorized Newspapers" shall mean a financial newspaper of general circulation in the Borough of Manhattan, City and State of New York (including, at such times as they are published, The New York Times, The Daily Bond Buyer or The Wall Street Journal). "Average Annual Bond Service Requirement" shall mean, as of the date of calculation, the total amount of Bond Service Requirement which is to become due on all Bonds deemed to be Outstanding immediately after the issuance of such series of Bonds divided by the total number of years for which Bonds are deemed to be Outstanding. "Bond Insurance Policy" shall mean the municipal bond new issue insurance policy issued by a Bond Insurer that guarantees payment of principal of and interest on the Bonds or any Additional Parity Bonds. 2 Ordinance No. 6876-01 "Bond Insurer" shall mean the provider of a Bond Insurance Policy for a Series of Bonds so designated in a supplemental resolution of the Issuer. "Bond Service Requirement" shall mean, for any Bond Year, at any time, the amount required to be deposited in such Bond Year into the Bond Service Fund, as provided herein. In calculating such amount, the Issuer shall subtract therefrom any amounts to be transferred from the Construction Fund for the purpose of paving interest on the Bonds. With respect to Variable Rate Bonds, if any, the interest rate used to calculate the Bond Service Requirement shall be assumed to be the highest variable rate borne over the preceding twenty-four (24) months by Outstanding Variable Rate Bonds issued under this Ordinance or, if no such Variable Rate Bonds are at the time Outstanding under this Ordinance, by variable rate debt for which the interest rate is computed by reference to an index comparable to that to be utilized in determining the interest rate for the debt then proposed to be issued. If Bonds are Option Bonds, the date or dates of tender shall be disregarded, unless actually tendered and not remarketed, and the stated maturity dates thereof shall be used for purposes of this calculation, if such Option Bonds are required to be paid from Pledged Revenues hereunder on such date of maturity. "Bonds" shall mean (i) the Improvement Revenue Refunding Bonds, Series 2001 herein authorized to be issued and (ii) any Additional Parity Obligations permitted to be issued hereunder from time to time in accordance with the provisions hereof. . "Bond Counsel" shall mean initially Bryant, Miller and Olive, P.A. or any attorney at law or firm of attorneys of nationally recognized standing in matters pertaining to the exclusion from gross income for federal income tax purposes of interest on obligations issued by states and political subdivisions, and duly admitted to practice law before the highest court of any state of the United States of America. "Bond Service Fund" shall mean the Bond Service Fund created and established pursuant to Section 16 of this Ordinance. "Bond Year" shall mean the period commencing and ending on such dates as shall be approved by supplemental resolution of the Issuer. "Capital Appreciation Bonds" shall mean the aggregate principal amount of the Bonds that bear interest payable solely at maturity or upon redemption prior to maturity in the amounts determined by reference to the Compounded Amounts, all as shall be determined by supplemental resolution of the Issuer. In the case of Capital Appreciation Bonds that are convertible to Bonds with interest payable prior to maturity or redemption of such Bonds, such Bonds shall be considered Capital Appreciation Bonds only during the period of time prior to such conversion. "Capital Appreciation Income Bonds" shall mean those Bonds initially issued as Capital Appreciation Bonds and which become Current Interest Bonds when the original issue amount and the Compounded Amount equals $5,000 principal amount or an integral multiple thereof as determined by subsequent resolution of the Issuer. 3 Ordinance No. 6876-0I In the case of Capital Appreciation Bonds that are convertible to Bonds with interest payable prior to maturity or redemption of such Bonds, such Bonds shall be considered Capital Appreciation Bonds only during the period of time prior to such conversion. "Capital Appreciation Income Bonds" shall mean those Bonds initially issued as Capital Appreciation Bonds and which become Current Interest Bonds when the original issue amount and the Compounded Amount equals 55,000 principal amount or an integral multiple thereof as determined by subsequent resolution of the Issuer. "City Manager" shall mean the City Manager of the Issuer. "Clerk" shall mean the City Clerk of the Issuer. "Compounded Amounts" shall mean, as of any date of computation with respect to any Capital Appreciation Bond, an amount equal to the principal amount of such Capital Appreciation Bond (the principal amount at its initial offering) plus the interest accrued on such Capital Appreciation Bond from the date of delivery to the original purchasers thereof to the interest date next preceding the date of computation or the date of computation if an interest date, such interest to accrue at the applicable rate which shall not exceed the legal rate, compounded semiannually, plus, with respect to matters related to the payment upon redemption or acceleration of the Capital Appreciation Bonds, if such date of computation shall not be an interest date, a portion of the difference between the Compounded Amount as of the immediately preceding interest date and the Compounded Amount as of the immediately succeeding interest date, calculated based on the assumption that the Compounded Amount accrues during any semi-annual period in equal daily amounts on the basis of a 360-day year of twelve 30-day months. "Construction Fund" shall mean the Construction Fund created and established pursuant to Section 16 of this Ordinance. "Escrow Deposit Agreement! 'means that certain Escrow Deposit Agreement by and between the Issuer and a bank or trust company to be selected and named by the Issuer as determined by subsequent Resolution of the Issuer relating to a specific Series of Bonds adopted prior to the issuance of such Bonds, in such form as shall be approved by subsequent resolution of the Issuer adopted prior to the issuance of any series of refunding bonds. "Finance Director" shall mean the Financial Services Administrator of the Issuer or her designee. "Fiscal Year" shall mean the period commencing on October 1 of each year and ending on the next succeeding September 30 or such other annual period as may be prescribed by law from time to time for the Issuer. 4 Ordinance No. 6876-01 "Holder of Bonds" or "Bondholders" or any similar term shall mean any persons who shall be the registered owner of any outstanding Bonds. "Interest Account" shall mean the special account of the same name created within the Bond Service Fund. "Issuer" or "City" shall mean the City of Clearwater, Florida. "Maximum Bond Service Requirement" shall mean, as of any particular date of calculation, the greatest amount of Bond Service Requirement for the then current or any future Bond Year, if any. "Mayor-Commissioner" shall mean the Mayor-Commissioner or the Vice Mayor of the City Commission of the Issuer, or such other person as may be duly authorized by the Mayor-Commissioner to act on his or her behalf. "2001 Project" shall mean the Project authorized to be financed with the proceeds of the Series 2001 Bonds to provide the City adequate funds to defease the Issuer's Florida Public Service Tax and Bridge Revenue Bonds, Series 1985 (the "Series 1985 Bonds") and Improvement Revenue Bonds, Series 1995 (the "Series 1995 Bonds") (Municipal Services/Public Safety and Policy Complex Project), a portion of the cost of which are to be paid from the proceeds of the Series 2001 Bonds. "Option Bonds" shall mean Bonds subject to tender for payment prior to their maturity at the option of the Holder thereof. "Ordinance" shall mean this ordinance as from time to time may be amended or supplemented, in accordance with the terms hereof. "Outstanding" or "Bonds Outstanding" shall mean all Bonds which have been issued pursuant to this Ordinance, except: (i) Bonds canceled after purchase in the open market or because of payment. at or redemption prior to maturity; (ii) Bonds for the payment or redemption of which cash funds or Acquired Obligations or any combination thereof shall have been theretofore irrevocably set aside in a special account with an escrow agent (whether upon or prior to the maturity or redemption date of any such Bonds) in an amount which, together with earnings on such Acquired Obligations, will be sufficient to pay the principal of and interest on such Bonds at maturity or upon their earlier redemption; provided that, if such Bonds are to be redeemed before the maturity thereof, notice of such redemption shall have been given according to the requirements of this Ordinance or irrevocable instructions directing the timely publication of such notice and 5 Ordinance No. 6876-01 W directing the payment of the principal of and interest on all. such Bonds at such redemption dates shall have been given; and (iii) Bonds which are deemed paid pursuant to this Ordinance or in lieu of which other Bonds have been issued under Sections 11 and 13 hereof. "Paying Agent" shall mean any paying agent for Bonds appointed by or pursuant to a supplemental resolution and its successors or assigns, and any other Person which may at any time be substituted in its place pursuant to a supplemental resolution. "Permitted Investments" shall mean as follows, provided, however, that investment in Permitted Investments shall only be undertaken in accordance with the Issuer's investment policy in effect at such time or as specifically permitted by subsequent resolution of the Issuer: (1) Bonds or other obligations which as to principal and interest constitute direct obligations of, or are unconditionally guaranteed by, the United States of America, including any of the federal agencies and federally sponsored entities set forth in clause (3) hereinafter to the extent guaranteed by the United States of America. In the event these securities are used for defeasance, they shall be non-callable and non-prepayable; (2) Obligations of any of the following federal agencies or federally sponsored entities which obligations represent the full faith and credit (guaranteed obligations) of the United States of America, in the event these securities are used for defeasance, they shall be non-callable and non-prepayable, (including but not limited to) the following: a. Export-Import Bank; b. Farm Credit System Financial Assistance Corporation; C. Rural Economic Community Development Administration (formerly the Farmers Home Administration); d. General Services Administration; e. U.S. Maritime Administration; f. Small Business Administration; g. Government National Mortgage Association (GNMA); h. U.S. Department of Housing & Urban Development (PHA's); i. Federal Housing Administration; and j. Federal Financing Bank 6 Ordinance No. 6876-01 (3) Direct obligations of any of the following federal agencies or federally sponsored entities which are not fully guaranteed by the full faith and credit of the United States of America, in the event these securities are used for defeasance, they shall be non-callable and non-prepayable: a. Federal National Mortgage Association (FNMA); b. Federal Home Loan Mortgage Corporation (FHLMC); C. Resolution Funding Corporation (REFCORP); d. Student Loan Marketing Association (SLMA); e. Federal Home Loan Bank Systems (FHLB); and f. Obligations of other Government Sponsored Agencies (approved by the Insurer). The following obligations may be used as Permitted Investments for all purposes other than defeasance investments in refunding escrow accounts. (4) Commercial paper which is rated at the time of purchase in the highest classification (without regard to qualifier), "A-1" by S&P and "P-1" by Moody's and which matures not more than 270 days after the date of purchase. (5) Investment agreements the provider of which is rated in one of the two highest rating categories, without regard to qualifiers, by two Rating Agencies under which the provider agrees to periodically deliver, on a delivery versus payment basis, such securities as are described in clauses (1-4) above. (6) Investment agreements the provider of which is rated in one of the two highest rating categories, without regard to qualifiers, by two Rating Agencies and which are continuously and fully secured by such securities as are described in clauses (1-3) above, which securities shall have a market value at all times at least equal to 102% of the principal amount invested under the investment agreement (marked to market at least weekly). . (7) The pooled investment program of the State of Florida administered by the State Board of Administration, known as the Local Government Surplus Funds Trust Fund, established pursuant to Chapter 218, Part IV, Florida Statutes, as amended. (8) Other forms of investments (including repurchase agreements) approved in writing by the Bond Insurer with notice to Standard & Poor's. "Person" shall mean an individual, a corporation, a partnership, an association, a joint stock company, a trust, any unincorporated organization or governmental entity. "Pledged Revenues" shall mean (1) the Public Service Tax and (2), except for testing the amount of Pledged Revenues in connection with the issuance of Additional Bonds in accordance with Section 20(F) 7 Ordinance No. 6876-01 W hereof, until applied in accordance with the provisions of this Ordinance, all moneys, including investments thereof, in the funds and accounts established hereunder, other than the Rebate Fund. "Principal Account" shall mean the special account of the same name created within the Bond Service Fund. "Project" or "Projects" shall mean the cost of the design, acquisition, construction or reconstruction of capital improvements within die City or the refinancing of outstanding debt obligations of the City, the proceeds of which financed such projects, all as determined by the Issuer in a subsequent resolution and in accordance with plans and specifications on file or to be filed with the Issuer. "Project Costs" shall mean all costs authorized to be paid from the Construction Fund pursuant to Section 18 hereof to the extent permitted under the laws of the State, which costs shall include the costs of issuing any series of Bonds hereunder. It is intended that this definition be broadly construed to encompass all costs, expenses and liabilities of the Issuer related to the Project or Projects in the future shall be permitted to be funded with the proceeds of any Series of Bonds pursuant to the laws of the State. "Public Service Tax" shall mean the taxes levied and collected within the area of the Issuer on the . purchases of utilities services pursuant to Section 166.231, Florida Statutes, and Article III, Public Service Tax, of Chapter 44 of the Code of Ordinances, City of Clearwater and after October 1, 2001, shall also mean the Issuer's portion of the Communication Services Tax levied in accordance with Chapter 2000-26- Laws of Florida, which replaced local government's public service taxes on telecommtnucation services. "Rebate Fund" shall mean the Rebate Fund created pursuant to Section 29 of this Ordinance. "Redemption Account" shall mean the special account of the same name created within the Bond Service Fund. "Refunding Bonds" shall mean that amount of any Series of Bonds, the proceeds of which will be applied to the refunding of any previously issued Bonds. "Registrar" shall mean any registrar for the Bonds appointed by or pursuant to supplemental resolution and its successors and assigns, and any other Person which may at any time be substituted in its place pursuant to supplemental resolution. "Reserve Fund" shall mean the Reserve Fund created and established pursuant to Section 16 of this Ordinance. "Reserve Requirement" shall be such amount, if any, as determined by subsequent Resolution of the Issuer relating to a specific Series of Bonds adopted prior to the issuance of such Bonds, which may 8 Ordinance No. 6876-01 not exceed the lesser of (i) the Maximum Bond Service Requirement, (ii) 125% of the Average Annual Bond Service Requirement or (iii) the largest amount as shall not adversely affect the exclusion of interest on the Bonds from gross income for Federal income tax purposes. "Revenue Fund" shall mean the Revenue Fund created and established pursuant to Section 16 of this Ordinance. "Serial Bonds" shall mean all of the Bonds other than Term Bonds, as shall be determined by supplemental resolution of the Issuer. "Series" or "Series of Bonds" or "Bonds of a Series" shall mean all Bonds designated as being of the same Series issued and delivered on original issuance in a simultaneous transaction, and any Bonds thereafter delivered in lieu thereof or in substitution therefor pursuant to this Ordinance. "Series 1985 Bonds" shall mean the City of Clearwater, Florida Public Service Tax and Bridge Revenue Bonds, Series 1985. "Series 1995 Bonds" shall mean the City of Clearwater, Florida, Improvement Revenue Bonds, . Series 1995. "Series 2001 Bonds" shall mean the initial Series of Bonds under this Ordinance as provided for in Section 6 thereof. "State" shall mean the State of Florida. "Subordinated Debt Service Fund" shall mean the Subordinated Debt Sen?ice Fund created and established pursuant to Section 16 hereof. "Subordinated Indebtedness" shall mean indebtedness of the Issuer, subordinate and junior to the Bonds, which is payable from the Subordinated Debt Service Fund created pursuant to Section 16 hereof. "Term Bonds" shall mean the Bonds of a series, all of which shall be stated to mature on one date, but which amortize a portion of the principal thereof prior to the maturity date through mandatory redemption, as shall be determined by supplemental resolution of the Issuer. "Variable Rate Bonds" shall mean obligations issued with a variable, adjustable, convertible or other similar rate which is not fixed in percentage at the date of issue for the entire term thereof as shall be determined by supplemental resolution of the Issuer. 9 Ordinance No. 6876-01 The terms "herein," "hereunder," "hereby," "hereto," "hereof' and any similar terms shall refer to this Ordinance; the term "heretofore" shall mean before the date of adoption of this Ordinance; and the term "hereafter" shall mean after the date of adoption of this Ordinance. Words importing the masculine gender include every other gender. Words importing the singular number include the plural number, and vice versa. SECTION 3. FINDINGS. It is hereby ascertained, determined and declared that: (A) It is in the best interest of the Issuer that the Issuer authorize the issuance of the Series 2001 Bonds to provide the City adequate funds to refund, and thereby defease the Series 1985 Bonds and the Series 1995 Bonds in full to fund a debt service reserve fiend, and to pay the costs of issuance of the Bonds, including the premium for a municipal bond insurance policy, if any, and the premium for a debt service reserve fund policy, if any. (B) Such Bonds shall be payable solely from the Pledged Revenues. (C) Any Series of Bonds, after the issuance of the Series 2001 Bonds, and the Projects to be funded with the proceeds of such Series of Bonds, shall be issued and such Projects shall be undertaken upon approval by supplemental resolution of the Issuer as provided by law. The proceeds of any Series of Bonds shall be applied as provided in a supplemental ordinance or resolution. (D) The principal of and interest and redemption premium on the Bonds and all reserve and other payments shall be payable solely from the Pledged Revenues. The Issuer shall never be required to levy ad valorem taxes on any real or personal property therein to pay the principal of and interest on the Bonds herein authorized or to make any other payments provided for herein. The Bonds shall not constitute a lien upon any properties owned by or located within the boundaries of the Issuer or upon any property other than the Pledged Revenues. (E) The Pledged Revenues should be sufficient to pay all principal of and interest and redemption premium on the Bonds to be issued hereunder, as the same become due, and to make all required deposits or payments required by this Ordinance. SECTION 4. THIS ORDINANCE TO CONSTITUTE CONTRACT. In consideration of the acceptance of the Bonds authorized to be issued hereunder by those who shall hold the same from time to time, this Ordinance shall be deemed to be and shall constitute a contract between the Issuer and such Holders. The covenants and agreements herein set forth to be performed by the Issuer shall be for the equal benefit, protection and security of the legal Holders of any and all of the Bonds, all of which shall be of equal rank and without preference, priority or distinction of any of the Bonds over any other thereof, except as expressly provided therein and herein. 10 Ordinance No. 6876-01 ow SECTION 5. AUTHORIZATION OF BONDS. Subject and pursuant to the provisions hereof and as shall be described in subsequent resolutions of the Issuer to be adopted prior to the issuance of any series of Bonds, obligations of the Issuer to be known as "Improvement Revenue [Refunding] Bonds, Series [to be determined]" are authorized to be issued in one or more series (including Additional Parity Obligations) from time to time. There is expressly authorized to be issued an initial Series of Bonds to be called the "Improvement Revenue Refunding Bonds, Series 2001 ", the proceeds of which will used to refund the Series 1985 Bonds and the Series 1995 Bonds and fund the costs of the 2001 Bonds. The aggregate principal amount of the Bonds which may be executed and delivered under this Ordinance is not limited except as is or may hereafter be provided in Section 20(F) of this Ordinance or as limited by the Act or by law. SECTION 6. AUTHORIZATION OF SERIES 2001. BONDS. There is hereby authorized to be issued the City's Improvement Revenue Refunding Bonds, Series 2001 (the `Bonds"), in the principal amount necessary to provide the City adequate funds to defease the Series 1985 Bonds and the Series 1995 Bonds in full, to fund the debt service reserve fund and to pay the costs of issuance of the Bonds, including the premium for a municipal bond insurance policy, if any, and the premium for debt service reserve fund policy, if any. SECTION 7. DESCRIPTION OF BONDS. The Bonds shall be issued in fully registered form; may be Capital Appreciation Bonds, Capital Appreciation Income Bonds, Variable Rate Bonds, Serial Bonds or Term Bonds; shall be dated; shall be numbered consecutively from one upward in order of maturity preceded by the letter "R"; shall be in the denomination of $5,000 each, or integral multiples thereof for the Serial Bonds and in $5,000 maturity amounts for the Capital Appreciation Bonds or in $5,000 multiples thereof, or such other denominations as shall be approved by the Issuer in a supplemental resolution prior to the delivery of the Bonds; shall have a Paying Agent and Registrar designated by the Issuer in a supplemental resolution of the Issuer adopted prior to the issuance of the applicable Series of Bonds; shali bear interest at such rate or rates not exceeding the maximum rate allowed by State law, the actual rate or rates to be approved by the governing body of the Issuer prior to or upon the sale of the Bonds; such interest to be payable semiannually at such times as are fixed by supplemental resolution of the Issuer if other than Capital Appreciation Bonds and shall mature annually on such date in such years (not exceeding 30 years from the date of issuance) and such amounts as will be fixed by supplemental resolution of the Issuer prior to or upon the sale of the Bonds; and may be issued with variable, adjustable; convertible or other rates with original issue discounts and as Capital Appreciation Bonds; all as the Issuer shall provide herein or hereafter by supplemental resolution. Each Series of Bonds (except any Capital Appreciation Bonds) shall bear interest from the interest payment date next preceding the date on which it is authenticated, unless authenticated on an interest payment date, in which case it shall bear interest from such interest payment date, or, unless authenticated prior to the first interest payment date, in which case it shall bear interest from its date; provided, however, that if at the time of authentication payment of any interest which is due and payable has not been made, such Serial Bond shall bear interest from the date to which interest shall have been paid. 11 Ordinance No. 6876-01 The Capital Appreciation Bonds shall bear interest only at maturity or upon redemption prior to maturity in the amount determined by reference to the Compounded Amount. The principal of and the interest redemption premium, if any, on the Bonds shall be payable in any coin or currency of the United States of America which on the respective dates of payment thereof is legal tender for the payment of public and private debts. The interest on the Bonds shall be payable by the Paying Agent on each interest payment date to die person appearing on the registration books of the Issuer hereinafter provided for as the registered Holder thereof, by check or draft mailed to such registered Holder at his address as it appears on such registration books or by wire transfer to Holders of S 1,000,000 or more in principal amount of the Bonds. Payment of the principal of all Bonds except Capital Appreciation Bonds, and the Compounded Amount with respect to the Capital Appreciation Bonds, shall be made upon the presentation and surrender of such Bonds as the same shall become due and payable. Nom idistanding any other provisions of this section, the Issuer may, at its option, prior to the date of issuance of any Series of Bonds, elect to use an immobilization system or pure book-entry system with respect to issuance of such Series of Bonds, provided adequate records will be kept with respect to the ownership of such Series of Bonds issued in book-entry form or the beneficial ownership of bonds issued in the name of a nominee. As long as any Bonds are outstanding in book-entry form the provisions of this Ordinance inconsistent with such system of book-entry registration shall not be applicable to such Bonds. The details of any alternative system of issuance, as described in this paragraph, shall be set forth in a resolution of the Issuer duly adopted at or prior to the sale of such Series of Bonds. SECTION 8. EXECUTION OF BONDS. The Bonds shall be signed by, or bear the facsimile signatures of the Mayor-Commissioner and City Manager ofthe Issuer and shall be attested by, or bear the facsimile signature of, the Clerk, and shall be approved as to form and legal sufficiency by the City Attorney and a facsimile of the official seal of the Issuer shall be imprinted on the Bonds. In case any officer whose signature or a facsimile of whose signature shall appear on any Bonds shall cease to be such officer before the delivery of such Bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes the same as if he has remained in office until such delivery. Any Bond may bear the facsimile signature of or may be signed by such persons who, at the actual time of the execution of such Bond, shall be the proper officers to sign such Bonds although, at the date of such Bond, such persons may not have been such officers. The validation certificate endorsed on the Bonds shall be executed by the Mayor-Commissioner by his manual or facsimile signature. SECTION 9. AU fIENTICATION OF BONDS. Only such of the Bonds as shall have endorsed thereon a certificate of authentication substantially in the form hereinbelow set forth, duly executed by the Registrar, as authenticating agent, shall be entitled to any benefit or security under this Ordinance. No Bond shall be valid or obligatory for any purpose unless and until such certificate of authentication shall have been duly executed by the Registrar, and such certificate of the Registrar upon any such Bond shall be conclusive evidence that such Bond has been duly authenticated and delivered under lz Ordinance No. 6876-01 this Ordinance. The Registrar's certificate of authentication on any Bond shall be deemed to have been duly executed if signed by an authorized officer of the Registrar, but it shall not be necessary that the same officer sign the certificate of authentication of all of the Bonds that may be issued hereunder at any one time. SECTION ' 10. EXCHANGE OF BONDS. Any Bonds, upon surrender thereof at the principal corporate trust office of the Registrar, together with an assignment duly executed by the Bondholder or his attorney or legal representative in such form as shall be satisfactory to the Registrar, may, at the option of the Bondholder, be exchanged for an aggregate principal amount of Bonds equal to the principal amount of the Bond or Bonds so surrendered. The Registrar shall make provision for the exchange of Bonds at the principal corporate trust office of the Registrar. SECTION 11. NEGOTIABILITY, REGISTRATION AND TRANSFER OF BONDS. The Registrar shall keep books for the registration of and for the registration of transfers of Bonds as provided in this Ordinance. The transfer of any Bonds may be registered only upon such books and only upon surrender thereof to the Registrar together with an assignment duly executed by the Bondholder or his attorney or legal representative in such form as shall be satisfactory to the Registrar. Upon any such registration of transfer, the Issuer shall execute and the Registrar shall authenticate and deliver in exchange for such Bond, a new Bond or Bonds registered in the name of the transferee, and in an aggregate principal amount equal to the principal amount of such Bond or Bonds so surrendered. In all cases in which Bonds shall be exchanged, the Issuer shall execute and the Registrar shall authenticate and deliver, at the earliest practicable time, a new Bond or Bonds ofthe same type (e.g., Serial Bonds will be exchanged for Serial Bonds and Capital Appreciation Bonds will be exchanged for Capital Appreciation Bonds) in accordance with the provisions of this Ordinance. All Bonds surrendered in any such exchange or registration of transfer shall forthwith be canceled by the Registrar. The Issuer or the Registrar may make a charge for every such exchange or registration of transfer of Bonds sufficient to reimburse it for any tax or other governmental charge required to be paid with respect to such exchange or registration of transfer, but no other charge shall be made to any Bondholder for the privilege of exchanging or registering the transfer of Bonds under the provisions of this Ordinance. SECTION 12. OWNERSHIP OF BONDS. The person in whose name any Bond shall be registered shall be deemed and regarded as the absolute owner thereof for all purposes, and payment of or on account of the principal or redemption price of any such Bond, and the interest on any such Bonds shall be made only to or upon the order of the registered owner thereof or his legal representative. All such payments shall be valid and effectual to satisfy and discharge the liability upon such Bond including the premium, if any, and interest thereon to the extent of the sum or sums so paid. SECTION 13. BONDS MUTILATED, DESTROYED, STOLEN OR LOST. In 13 Ordinance No. 6876-01 case any Bond shall become mutilated, or be destroyed, stolen or lost, the issuer may in its discretion cause to be executed, and the Registrar shall authenticate and deliver, a new Bond of like date and tenor as the Bond so mutilated, destroyed, stolen or lost (e.g., Serial Bonds shall be issued in exchange for Serial Bonds and Capital Appreciation Bonds shall be issued in exchange for Capital Appreciation Bonds) in exchange and substitution for such mutilated Bond upon surrender and cancellation of such mutilated Bond or in lieu of and substitution for the Bond destroyed, stolen or lost, and upon the Holder furnishing the Issuer and the Registrar proof of his ownership thereof and satisfactory indemnity and complying with such other rea- sonable regulations and conditions as the Issuer and the Registrar may prescribe and paying such expenses as.the Issuer and the Registrar may incur. All Bonds so surrendered shall be canceled by the Issuer. If any of the Bonds shall have matured or be about to mature, instead of issuing a substitute Bond, the Issuer may pay the same, upon being indemnified as aforesaid, and if such Bond be lost, stolen or destroyed, without surrender thereof. Any such duplicate Bonds issued pursuant to this Section shall constitute original, additional contractual obligations on the part of the Issuer whether or not the lost, stolen or destroyed Bonds be at any time found by anyone, and such duplicate Bonds shall be entitled to equal and proportionate benefits and rights as to lien on and source and security for payment from the funds, as hereinafter pledged, to the same extent as all other Bonds issued hereunder. SECTION 14. PROVISIONS FOR REDEMPTION. The Bonds shall be subject to redemption prior to their maturity, at the option of the Issuer, at such times and in such manner as shal I be fixed by supplemental resolution of the Issuer prior to or at the time of sale of the Bonds. Notice of such redemption shall, at least thirty (30) days prior to the redemption date, be filed with the Registrar, and mailed, first class mail, postage prepaid, to all Holders of Bonds to be redeemed at their addresses as they appear on the registration books hereinbefore provided for, but failure to mail such notice to one or more Holders of Bonds shall not affect the validity of the proceedings for such redemption with respect to Holders of Bonds to which notice was duly mailed hereunder. Each such notice shall set forth the date fixed for redemption, the redemption price to be paid and, if less than all of the Bonds of one maturity are to be called, the distinctive numbers of such Bonds to be redeemed and in the case of Bonds to be redeemed in part only, the portion of the principal amount thereof to be redeemed. Any notice of optional redemption, other than with respect to a refunding, shall be circulated only if sufficient funds have been deposited in the Bond Service Fund to pay the redemption price of the Series of Bonds to be redeemed. Official notice of redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall, on the redemption date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Issuer shall default in the payment of the redemption price) such Bonds or portions of Bonds shall cease to bear interest. Upon surrender of such Bonds for redemption in accordance with said notice, such Bonds shall be paid by the Registrar at the redemption 14 Ordinance No. 6876-01 W price. Each check or other transfer of funds issued by the Registrar for the purpose of the payment of the redemption price of Bonds being redeemed shall bear the CUSIP number identifying, by issue and maturity, the Bonds being redeemed with the proceeds of such check or other transfer. Installments of interest due on or prior to the redemption date shall be payable as herein provided for payment of interest. Upon surrender for any partial redemption of any Bond, there shall be prepared for the Holder a new Bond or Bonds of the same maturity in the amount of the unpaid principal of such partially redeemed Bond. All Bonds which have been redeemed shall be canceled and destroyed by the Registrar and shall not be reissued. In addition to the foregoing notice, fuurther notice may, but shall not be required to be given by the Issuer as set out below, but no defect in said further notice nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above prescribed. (1) Each fiuher notice of redemption given hereunder shall contain the information required above for an official notice of redemption plus (i) the CUSIP numbers of all Bonds being redeemed; (ii) the date of issue of the Bonds as originally issued; (iii) the rate of interest borne by each Bond being redeemed; (iv) the maturity date of each Bond being redeemed; and (v) any other descriptive information needed to identify accurately the Bonds being redeemed. (2) Each further notice of redemption shall be sent at least 35 days before the redemption date by registered or certified mail or overnight delivery service to all registered securities depositories then in the business of holding substantial amounts of obligations of types similar to the type of which the Bonds consist (such depositories now being Depository Trust Company of New York, New York, Midwest Securities Trust Company of Chicago, Illinois, Pacific Securities Depository Trust Company of San Francisco, California, and Philadelphia Depository Trust Company of Philadelphia, Pennsylvania) and to one or more national information services that disseminates notices of redemption of obligations such as the Bonds. SECTION 15. FORM OF BONDS. The text of the Bonds, together with the certificate of authentication to be endorsed therein, shall be in substantially the following form, with such omissions, insertions and variations as may be necessary, desirable, authorized or permitted by this Ordinance or by any supplemental resolution adopted prior to the issuance thereof, or as may be necessary if the Bonds or a portion thereof are issued as Capital Appreciation Bonds, Option Bonds, Variable Rate Bonds, or as may be necessary to comply with applicable laws, rules and regulations of the United States and of the State in effect upon the issuance thereof. The text of any Series of Bonds, other than the Bonds shall be as determined by supplemental ordinance or resolution of the issuer. 15 Ordinance No. 6876-01 [FORM OF BOND] No. R- $ UNITED STATES OF AMERICA STATE OF FLORIDA COUNTY OF PINELLAS CITY OF CLEARWATER IMPROVEMENT REVENUE [REFUNDING] BONDS, SERIES [TO BE DETERMINED] MATURITY DATE: INTEREST RATE: DATED DATE: CUSIP: Registered Owner: Principal Amount: KNOW ALL MEN BY THESE PRESENTS that the City of Clearwater, Florida (hereinafter called the "Issuer") for value received, hereby promises to pay to the order of the Registered Owner identified above or registered assigns, as herein provided, on the Maturity Date identified above, upon the presentation and surrender hereof at the principal corporate trust office of _, in the City of , from the revenues hereinafter mentioned, the Principal Amount identified above in any coin or currency of the United States of America which on the date of payment thereof is legal tender for the payment of public and private debts, and to pay, solely from said sources, to the Registered Owner hereof by wire transfer or check transmitted to the Registered Owner at his address as it appears on the Bond registration books of the Issuer as it appears on the 15th day of the calendar month preceding the applicable interest payment date, interest on said Principal Amount at the Interest Rate per annum identified above on each 1 and 1 commencing from the interest payment date next preceding the date of registration and authentication of this Bond, unless this Bond is registered and authenticated as of an interest payment date, in which case it shall bear interest from said interest payment date, or unless this Bond is registered and authenticated prior to in which event this Bond shall bear interest from The Bonds of this issue [shall not be] [shall be] subject to redemption prior to their maturity at the option of the Issuer. (Insert Optional or Mandatory Redemption Provisions) Notice of such redemption shall be given in the manner required by the Resolution described below. This Bond is one of an authorized issue of Bonds in the aggregate principal amount of $ of like date, tenor and effect, except as to number, principal amount, maturity redemption provisions and 16 Ordinance No. 6876-01 interest rate, issued to acquire, construct and erect certain capital improvements, all in full compliance with the Constitution and Statutes of the State of Florida, including particularly Chapter 166, Part II, Florida Statutes, and Ordinance No. -01 duly enacted by the Issuer on , 2001, as supplemented (hereinafter collectively called the "Ordinance") and is subject to all the terms and conditions of such Ordinance. All capitalized undefined terms used herein shall have the meaning set forth in the Ordinance. This Bond is payable solely from and secured by the Public Service Tax and, until applied in accordance with the provisions of this Ordinance, all moneys, including investment thereof, in the funds and accounts established hereunder, with the exception of the Rebate Fund (collectively, the "Pledged Revenues") in the manner provided in the Ordinance. This Bond does not constitute a general indebtedness of the Issuer within the meaning of any constitutional, statutory or charter provision or limitation, and it is expressly agreed by the Holder of this Bond that such Bondholder shall never have the right to require or compel the exercise of the ad valorem taxing power of the Issuer or taxation of any real or personal property therein for the payment of the principal of and interest on this Bond or the making of any debt service fund, reserve or other payments provided for in the Ordinance. It is further agreed between the Issuer and the Holder of this Bond that this Bond and the indebtedness evidenced thereby shall not constitute a lien upon or on any other property of or in the Issuer or any part thereof, but shall constitute a lien only on the Pledged Revenues all in the manner provided in the Ordinance. It is certified that this Bond is authorized by and is issued in conformity with the requirements of the Constitution and Statutes of the State of Florida. This Bond is and has all the qualities and incidents of a negotiable instrument under Article 8 of the Uniform Commercial Code, the State of Florida, Chapter 6783P Florida Statutes. The transfer of this Bond is registrable by the Bondholder hereof in person or by his attorney or legal representative at the principal corporate trust office of the Registrar but only in the manner and subject to the conditions provided in the Ordinance and upon surrender and cancellation of this Bond. This Bond shall not be valid or become obligatory for any purpose or be entitled to any benefit or security under the Ordinance until it shall have been authenticated by the execution by the Registrar of the certificate of authentication endorsed hereon. 17 Ordinance No. 6876-01 W IN WITNESS WEEREOF, the City of Clearwater, Florida, has issued this Bond and has caused the same to be signed by its Mayor-Commissioner and City Manager and countersigned and attested to by its Clerk and approved as to form, sufficiency and correctness by the City Attorney (the signatures of the Mayor-Commissioner, the City Manager, the City Attorney and the Clerk being authorized to be facsimiles of such officers' signatures), and its seal or facsimile thereof to be affixed, impressed, imprinted, lithographed or reproduced hereon, all as of the _ day of , 200_. CITY OF CLEARWATER, FLORIDA (SEAL) (manual or facsimile) Mayor-Commissioner ATTESTED AND COUNTERSIGNED: (manual or facsimile) City Manager (manual or facsimile) _ Clerk Approved as to form and legal sufficiency: manual or facsimile) City Attorney CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds issued under the provisions of the within mentioned Ordinance. Registrar, as Authenticating Agent Date of Authentication: By (manual signature Authorized Officer 18 Ordinance No. 6876-01 ASSIGNMENT AND TRANSFER For value received the undersigned hereby sells, assigns and transfers unto (Please insert Social Security or other identifying number of transferee) the attached bond of the City of Cleanvater, Florida, and does hereby constitute and appoint , attorney, to transfer the said Bond on the books kept for Registration thereof, with full power of substitution in the premises. Date Signature Guaranteed by [member firm of the New York Stock Exchange or a commercial bank or a trust company.] By: Title: NOTICE: No transfer will be registered and no new Bonds will be issued in the name of the Transferee, unless the signature to this assignment corresponds with the name as it appears upon the face of the within Bond in every particular, without alteration or enlargement or any change whatever and the Social Security or Federal Employer Identification Number of the Transferee is supplied. [END OF FORM OF BOND], 19 Ordinance No. 6876-01 SECTION 16. CREATION OF FUNDS. There are hereby created and established the following funds and accounts, which funds and accounts shall be trust funds for the purposes herein provided and used only in the manner herein provided: (A) The "City of Clearwater Improvement Revenue Bends Revenue Fund" (hereinafter sometimes called the "Revenue Fund") to be held by the Issuer and to the credit of which deposits shall be made as required by Section 20(A) hereof. (B) The "City of Clearwater Improvement Revenue Bonds Bond Service Fund" (hereinafter sometimes called the "Bond Service Fund") to be held by the Issuer and to the credit of which deposits shall be made as required by Section 20(B)(1) hereof. In such fund there shall be maintained the following accounts: the Principal Account, the Interest Account and the Redemption Account. (C) The "City of Clearwater Improvement Revenue Bonds Reserve Fund" (hereinafter sometimes called die "Reserve fund"), including a separate amount for each Series of Bonds, if required, to be held by the Issuer and to the credit of which deposits shall be made as required by Section 20(B)(2) hereof. (D) The "City of Clearwater Improvement Revenue Bonds Subordinated Debt Service Fund" (hereinafter sometimes called the "Subordinated Debt Service Fund") to be created by the Issuer if and when needed and to be held by the Issuer and to the credit of which deposits shall be made as required by Section 20(B)(3) hereof. (E) The "City of Clearwater Improvement Revenue Bonds Construction Fund" (hereinafter sometimes called the "Construction Fund") to be held by the Issuer and to the credit of which deposits shall be made as required by Section 17 hereof. Within such fund there shall be maintained separate accounts for each Series of Bonds and furthermore be maintained separate accounts for capitalized interest funded from the proceeds of any Series of Bonds. (F) The "City of Clearwater Improvement Revenue Bonds Proceeds Fund" (hereinafter sometimes called the "Proceeds Fund") to be held by the Issuer and to the credit of which deposits shall be made as required by Section 18A hereof. SECTION 17. APPLICATION OF BOND PROCEEDS. The proceeds, including accrued interest and premium, if any, received from the sale of any Series of Bonds shall be applied by the Issuer simultaneously with the delivery of such Bonds to the purchaser thereof, as follows: (A) The accrued interest shall be deposited in the Interest Account in the Bond Service Fund and shall be used only for the purpose of paying interest becoming due on the Bonds. 20' Ordinance No. 6876-01 1W (B) Unless otherwise provided in a supplemental ordinance or resolution of the Issuer or unless the Issuer has provided for a surety bond, a letter of credit, or other form of credit enhancement as provided in Section 20(B)(2) hereof, a sum equal to the Reserve Requirement shall be deposited in the Reserve Fund and shall be used only for the purposes provided therefor. (C) A sufficient amount of the Bond proceeds shall be applied to the payment of the premiums of any municipal bond insurance policies applicable to the Bonds and to the payment of costs and expenseE relating to the issuance of the Bonds which must be paid upon delivery of the Bonds. (D) A sum as shall be determined by supplemental resolution of the Issuer shall be deposited into the Construction Fund and used for the purpose of paying Project Costs, if any. (E) A sum as shall be determined by supplemental resolution of the Issuer shall be deposited into the Proceeds Fund and used for the purpose of refunding outstanding debt obligations of the Issuer. (F) Any remaining moneys from the Bonds shall be deposited as provided in supplemental resolutions of the Issuer, but shall only be used for the purposes permitted by law. The proceeds of any series of Bonds shall be applied as provided by supplemental resolution of the Issuer adopted at or prior to sale of such series of the Bonds. SECTION 18. DISBURSEMENTS FROM CONSTRUCTION FUND. Moneys on deposit from time to time in the Construction Fund shall be used to pay or reimburse the following Project Costs: (A) Costs incurred directly or indirectly for or in connection with a Project or a proposed or future Project including, but not limited to, those for preliminary planning and studies, architectural, legal, financial, engineering and supervisory services, labor, services, materials, equipment, acquisitions, land, rights-of-way, improvements and installation; (B) Premiums attributable to all insurance required to be taken out and maintained during the period of construction with respect to a Project to be acquired or constructed, the premium on each surety bond, if any, required with respect to work on such facilities, and taxes, assessments and other charges hereof that may become payable during the period of construction with respect to such a Project; (C) Costs incurred directly or indirectly in seeking to enforce any remedy against a contractor or subcontractor in respect of any default under a contract relating to a Project or costs incurred directly or indirectly in defending any claim by a contractor or subcontractor with respect to a Project; 21 Ordinance No. 6876-01 (D) Financial, legal, accounting, appraisals, title evidence and printing and engraving fees, charges and expenses, and all other such fees, charges and expenses incurred in connection with the authorization; sale, issuance and delivery of such Series of Bonds; (E) Interest funded from Bond proceeds, if any, for a reasonable period of time, which shall be deposited in the Construction Fund and shall be used as provided in a supplemental resolution of the Issuer; (F) Any other incidental and necessary costs including without limitation any expenses; fees and charges relating to the acquisition, construction or installation of a Project, and the making of extraordinary repairs, renewals and replacements, decommissioning or retirement of any portion of, including the cost of temporary employees of the Issuer retained to carry out duties in connection with the acquisition, construction or erection of a Project; (G) Costs incurred directly or indirectly in placing any Project in operation in order that completion of such Project may occur; (H) Any other costs authorized pursuant to a supplemental resolution of the Issuer and permitted under the laws of the State; and (I) Reimbursements to the Issuer for any of the above items theretofore paid by or on behalf of the Issuer. SECTION 18A. DISBURSEMENTS FROM PROCEEDS FUND. Moneys on deposit from time to time in the Proceeds Fund shall be used to fund deposits to, or to purchase Permitted Investments for deposit to, an escrow fund established pursuant to an Escrow Deposit Agreement, all as shall be set forth in a resolution of the Issuer adopted prior to the issuance of any refunding bonds hereunder. SECTION 19. SPECIAL OBLIGATIONS OF ISSUER The Bonds shall not be or constitute general obligations or indebtedness of the Issuer as "bonds" within the meaning of the Constitution of Florida, but shall be payable solely from and secured by a pledge of the Pledged Revenues as herein provided. No Holder or Holders of any Bonds issued hereunder shall ever have the right to compel the exercise of the ad valorem taxing power of the Issuer or taxation in any form of any real or personal property therein, or to compel the Issuer to pay such principal and interest from any other funds of the Issuer. The payment of principal of and interest on the Bonds shall be secured forthwith equally and ratably by, and the Issuer hereby grants to the Bondholders an irrevocable lien on the Pledged Revenues, prior and superior to all other liens or encumbrances on such Pledged Revenues and the Issuer does hereby irrevocably pledge such Pledged Revenues to the payment of the principal of, redemption premium, if any, 22 Ordinance No. 6876-01 and interest on the Bonds, for the reserves therefor and for all other payments required hereunder. Such amounts hereby pledged and assigned shall immediately be subject to the lien of this pledge without any further physical delivery thereof or any further act, and the lien of this pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against the Issuer, irrespective of whether such parties have notice thereof. SECTION 20. COVENANTS OF THE ISSUED.. For so long as any of the principal of and interest on any of the Bonds shall be outstanding and unpaid or until the Issuer has made provision for payment of principal, interest and redemption premiums, if any, with respect to the Bonds, as provided herein, the Issuer covenants with the Holders of any and all Bonds as follows: (A) REVENUE FUND. All Public Service Tax Revenues shall upon receipt thereof be deposited in the Revenue Fund. All deposits into such Revenue Fund shall be deemed to be held in trust for the purposes herein provided and used only for the purposes and in the manner herein provided. (B) DISPOSITION OF REVENUES. All revenues in the Revenue Fund, shall be disposed of monthly, but not later than the twenty-fifth (25th) day of each month commencing in the month immediately following the delivery of the initial series of Bonds, for so long as any Bonds remain Outstanding,. only in the following manner and the following order of priority: (1) The Issuer shall first deposit into the Bond Service Fund and credit to the following accounts, in the following order (except that payments in the Principal Account and the Redemption Account shall be on a parity with each other), the following identified sums: (a) Interest Account: Such sum as will be sufficient to pay one-sixth (1/6th) (or such higher monthly amount on a prorated basis) of all interest coming due on all Outstanding Bonds on the next interest payment date, together with any fees and charges of the Paying Agent and Registrar therefor; provided, however, that monthly deposits of interest, or portions thereof, shall not be required to be made to the extent that money on deposit within such Interest Account is sufficient for such purpose. In the event the Issuer has issued Variable Rate Bonds pursuant to the provisions hereof, Public Service Tax Revenues shall be deposited at such other or additional times and amounts as necessary to pay any interest coming due on such Variable Rate Bonds on the next interest payment date, all in the manner provided in a supplemental resolution of the Issuer. Any monthly payment out of Public Service Tax Revenues to be deposited as set forth above, for the purpose of meeting interest payments for any Series of Bonds, shall be adjusted, as appropriate, to reflect the frequency of interest payment dates applicable to such Series. Moneys in the Interest Account may be used only for the purposes set forth in this paragraph (a). (b) Principal Account: Such sum as will be sufficient to pay one-twelfth (1/12th) (or such higher monthly amount on a prorated basis) of the principal amount of the Outstanding Bonds which will mature and become due on such annual maturity dates beginning in 23 Ordinance No. 6876-01 the month which is twelve (12) months prior to the first principal maturity date; provided, however, that monthly deposits for principal, or portions thereof, shall not be required to be made to the extent that money on deposit within such Principal Account is sufficient for such purpose. Any monthly payment out of Public Service Tax Revenues to be deposited as set forth above, for the purpose of meeting principal payments for any Series of Bonds, shall be adjusted, as appropriate, to reflect the frequency of principal payment dates applicable to such Series. Moneys in the Principal Account may be used only for the purposes set forth in this paragraph (b). (c) Redemption Account: Such sum as will be sufficient to pay one-twelfth (1/ 12th) (or such higher amount on a prorated basis) of any Amortization Installment established for the mandatory redemption of Outstanding Bonds on such annual maturity date beginning in the month which is twelve (12) months prior to the first Amortization Installment date; provided, how- ever, that monthly deposits into the Redemption Account, or portions thereof, shall not be required to be made to the extent that money on deposit in the Redemption Account is sufficient for such purpose. Any monthly payment out of Public Service Tax Revenues to be deposited as set forth above, for the purpose of meeting Amortization Installments for any Series of Bonds, shall be adjusted, as appropriate, to reflect the frequency of dates established for Amortization Installments applicable to such Series. The moneys in the Redemption Account shall be used solely for the purchase or redemption of the Term Bonds payable therefrom. The Issuer may at any time purchase any of said Term Bonds at prices not greater than the then redemption price of said Term Bonds. If the Term Bonds are not then redeemable prior to maturity, the Issuer may purchase said Term Bonds at prices not greater than the redemption price of such Term Bonds on the next ensuing redemption date. If Tenn Bonds are so purchased by the Issuer, the Issuer shall credit the account of such purchased Term Bonds against any current Amortization Installment to be paid by the Issuer. If the Issuer shall purchase or call for redemption in any year Tenn Bonds in excess of the Amortization Installment requirement for such year, such excess of Term Bonds so purchased or redeemed shall be credited in such manner and at such times as the Issuer shall determine. Moneys in the Redemption Account in the Debt Service Fund may be used only for the purposes set forth in this paragraph (c). (2) The Issuer shall next deposit from moneys remaining in the Revenue Fund an amount required by the resolution of the Issuer authorizing each Series of Bonds into the Reserve Fund. Any withdrawals from the Reserve Fund shall be subsequently restored from the first moneys available in the Revenue Fund, after all current applications and allocations to the Bond Service Fund, including all deficiencies for prior payments have been made in full. Notwithstanding the foregoing, in case of withdrawal from the Reserve Fund, in no event shall the Issuer be required to deposit into the Reserve Fund an amount greater than that amount necessary to ensure that the difference between the Reserve Requirement and the amounts on deposit in the Reserve Fund on the date of calculation shall be restored not later than sixty (60) months after the date of such deficiency (assuming equal monthly payments into the Reserve Fund for such sixty (60) month period). The Issuer may provide that the difference between the amounts on deposit in the Reserve Fund and the Reserve Requirement shall be an amount covered by 24 Ordinance No. 6876-01 obtaining bond insurance issued by a reputable and recognized municipal bond insurer, by a letter of credit rated in one of the two highest categories by one of two nationally recognized rating agencies, by a surety bond acceptable to any company issuing a policy of municipal bond insurance guaranteeing the payment of principal and interest on such Series of Bonds, or any combination thereof. Moneys in the Reserve Fund shall be used only fbr the purpose of the payment of Amortization Installments, principal of, or interest on the Outstanding Bonds when the other moneys allocated to the Bond Service Fund are insufficient therefor, and for no other purpose. Securities in the Reserve Fund shall be valued annually at market rate. Deficiencies in the amounts on deposit in the Reserve Fund resulting from a decline in market value shall be restored no later than the succeeding interest payment date. In the event of the refunding of any Series of Bonds, the Issuer may withdraw from the Reserve Fund, all or any portion of the amounts accumulated therein with respect to the Bonds being refunded and deposit such amounts as required by the resolution authorizing the refunding of such Series of Bonds; provided that such withdrawal shall not be made unless (a) immediately thereafter the Bonds being refunded shall be deemed to have been paid pursuant to the provisions hereof and (b) the amount remaining in the Reserve Fund after giving effect to the issuance of such refunding obligations and the disposition of the proceeds thereof shall not be less than the Reserve Requirement for any Bonds then Outstanding. (3) From the moneys remaining in the Revenue Fund, the Issuer shall next deposit into the Subordinated Debt Service Fund, if any, an amount required to be paid as provided in the resolution of the Issuer authorizing such Subordinated Indebtedness for principal, interest, mandatory redemption payments, if any, and debt service reserve payments, if any, on Subordinated Indebtedness, but for no other purposes. (4) The balance of any moneys remaining in the Revenue Fund after the above required payments have been made may be used for any lawful purpose; provided, however, that none of said money shall be used for any purposes other than those hereinabove specified unless all current payments, including any deficiencies for prior payments, have been made in full and unless the Issuer shall have complied fully with all the covenants and provisions of this Ordinance. (5) - The Bond Service Fund (including the accounts therein), the Reserve Fund, the Revenue Fund, and any other special funds herein established and created shall be deemed to be held in trust for the purposes provided herein for such funds. The money in all such funds shall be continuously secured in the same manner as state and municipal deposits are authorized to be secured by the laws of the State of Florida in Permitted Investments. Except as otherwise permitted by the resolution authorizing any Series of Bonds, moneys in any fund or account created hereunder (with the exception of the Reserve Fund) may be invested and reinvested in Permitted Investments which mature not later than the dates on which the moneys on deposit therein will be needed for the purpose of such fund. Except as otherwise permitted by the resolution 25 Ordinance No. 6876-01 authorizing any Series of Bonds, moneys in the Reserve Fund may be invested and reinvested in Permitted Investments maturing not later than five (5) years after deposit into such Reserve Fund by the Issuer. All income on such investments, except as otherwise provided, shall be deposited in the respective funds and accounts from which such investments were made and be used for the purposes thereof unless and until the maximum required amount (or, with respect to the Construction Fund, the amount required to acquire, construct and erect the Project) is on deposit therein, and thereafter shall be deposited in the Revenue Fund. (6) In determining the amount of any of the payments required to be made pursuant to this Section, credit may be given for all investment income accruing to the respective funds and accounts described herein, except as otherwise provided. (7) The cash required to be accounted for in each of the funds and accounts described in this Section may be deposited in a single bank account, provided that adequate accounting records are maintained to reflect and control the restricted allocation of the cash on deposit therein for the various purposes of such funds and accounts as herein provided. The designation and establishment of the various funds in and by this Ordinance shall not be construed to require the establishment of any completely independent, self-balancing funds as such term is commonly defined and used in governmental accounting, but rather is intended solely to constitute an earmarking of certain revenues and assets of the Project for certain purposes and to establish certain priorities for application of such revenues and assets as herein provided. (C) BOOKS AND ACCOUNTS; AUDIT. The Issuer shall keep proper books, records and accounts, separate and apart from all other records and accounts, showing correct and complete entries of all transactions of the Project, and the Holders of any of the Bonds or any duly authorized agent or agents of such Holders shall have the right at any and all reasonable times to inspect such books, records and accounts. The Issuer shall, within one hundred eighty (180) days following the close of each Fiscal Year of the Issuer cause an audit of such books, records and accounts to be made by an independent firm of certified public accountants. Copies of each such audit report shall be placed on file with the Issuer and be made available at reasonable times for inspection by Holders of the Bonds. (D) ENFORCEMENT OF COLLECTIONS. The Issuer shall do all things necessary on its part to continue the levy and collection of the Public Service Tax at the rate permitted by and in compliance with Section 166.231, Florida Statutes, and Article III, Chapter 44, Code of Ordinances of the Issuer, and Chapter 2000-260, Laws of Florida, with respect to the Communication Services Tax, as applicable, and any successor provision of law. All such Pledged Revenues shall, as collected, be held in trust to be applied as herein provided. 26 Ordinance No. 6876-01 (E) ISSUANCE OF OTHER OBLIGATIONS. The Issuer shall issue no bonds or obligations of any kind or nature payable from or enjoying a lien on the Pledged Revenues if such obligations have priority over the Bonds with respect to payment or lien, nor shall the Issuer create or cause or permit to be created any debt, lien, pledge, assignment, encumbrance or other charge on a parity with the lien of the Bonds upon said Pledged Revenues. Notwithstanding any other provision in this Section, the Issuer may issue Additional Parity Obligations under the conditions and in the manner provided herein. Any obligations of the Issuer, other than the Bonds, which are payable from the Pledged Revenues shall contain an express statement that such obligations are junior and subordinate in all respects to the Bonds as to lien on and source and security for payment from such Pledged Revenues. (F) ISSUANCE OF ADDITIONAL PARITY OBLIGATIONS. No Additional Parity Obligations, payable on a parity with the Bonds then Outstanding pursuant to this Ordinance, shall be issued except upon the conditions and in the manner herein provided. The Issuer may issue one or more Series of Additional Parity Obligations by subsequent resolution for any one or more of the following purposes: financing the cost of any Project or refiunding any or all Outstanding Bonds or of any Subordinated Indebtedness of the Issuer. No such Additional Parity Obligations shall be issued unless the following conditions are complied with: . (1) There shall have been obtained and filed with the Clerk a certificate of the Finance Director stating: (a) that the books and records of the Issuer relative to the Pledged Revenues have been reviewed; (b) setting forth the amount of the adjusted Pledged Revenues derived for any consecutive twelve (12) months out of the preceding twenty-four (24) months preceding the date of issuance of the proposed Additional Parity Obligations adjusted as herein below provided; (c) that the aggregate amount of such Pledged Revenues, as adjusted pursuant to paragraph 2 below, is equal to not less than 120% (or such other percentage as may be set forth in a subsequent resolution of the Issuer adopted prior to the issuance of the Series 2001 Bonds) of the Maximum. Bond Service Requirement becoming due in any Bond Year thereafter on (i) all Bonds issued under this Ordinance then Outstanding, and (ii) on the Additional Parity Obligations with respect to which such certificate is made. (2) Upon recommendations of the Finance Director and to the extent adopted in a subsequent resolution of the Issuer, if there is an estimated increase in Public Service Tax Revenues to be received by the Issuer as a result of a change in law to provide for additional Public Service Tax Revenues to be levied and collected by the Issuer, then the Public Service Tax Revenues portion of Pledged Revenues certified pursuant to paragraph 1(b) of this Section shall be increased by the projected increase in Public Service Tax Revenues to be distributed as if such excess Public Service Tax Revenues were in fact available to the Issuer during the applicable twelve month period. (3) Additional Parity Obligations shall be deemed to have been issued pursuant to this Ordinance the same as the Outstanding Bonds, and all of the other covenants and other provisions of this 27 Ordinance No. 6876-01 Ordinance (except as to details of such Additional Parity Obligations inconsistent therewith) shall be for the equal benefit, protection and security of the Holder of all Bonds issued pursuant to this Ordinance. Except as provided in Section 20(F) hereof, all Bonds, regardless of the time or times of their issuance, shall rank equally with respect to their lien on the Pledged Revenues and their sources and security for payment therefrom without preference of any Bonds over any other. (4) In the event that the total amount of Bonds herein authorized to be issued are not issued simultaneously, such Bonds which are subsequently issued shall be subject to the conditions of Section 20(F) hereof. (5) The Issuer need not comply with the provisions of paragraph 1 of this Section 20(F) if and to the extent the Additional Parity Obligations to be issued are refunding bonds, and if the Issuer shall cause to be delivered a certificate of the Finance Director setting forth the annual debt service (i) for the Bonds then Outstanding and (ii) for all Bonds to be immediately Outstanding after the issuance of such Additional Parity Obligations and stating that the Bond Service Requirement in any year pursuant to (ii) above is not greater than the Bond Service Req?Amment in the corresponding year set forth pursuant to (i) above. (6) The Issuer shall not be in default in the carrying out of any of the obligations assumed under this Ordinance and no event of default shall have occurred under this Ordinance and shall be continuing, and all payments required by this Ordinance to be made into the funds and accounts established hereunder shall have been made to the full extent required. (7) The resolution authorizing the issuance of the Additional Parity Obligations shall recite that all of the covenants contained herein will be applicable to such Additional Parity Obligations. SECTION 21. DEFAULTS; EVENTS OF DEFAULT AND REMEDIES. Except as provided below, if any of the following events occur it is hereby defined as and declared to be and to constitute an "Event of Default": (A) Default in the due and punctual payment of any interest on the Bonds;. (B) Default in the due and punctual payment of the principal of and premium, if any, on any Bond, at the stated maturity thereof, or upon proceedings for redemption thereof; (C) Default in the performance or observance of any other of the covenants, agreements or conditions on the part of the Issuer contained in this Ordinance or in the Bonds and the continuance thereof for a period of thirty (30) days after written notice to the Issuer given by the Holders of not less than twenty-five percent (25%) of aggregate principal amount of Bonds then Outstanding (provided, however, that with respect to any obligation, covenant, agreement or condition which requires performance by a date 28 Ordinance No. 6876-01 certain, if the Issuer performs such obligation, covenant, agreement or condition within thirty (30) days of written notice as provided above, the default shall be deemed to be cured); (D) Failure by the Issuer promptly to remove any execution, garnishment or attachment of such consequence as will materially impair its ability to carry out its obligations hereunder; (E) Any act of bankmrptcy or the rearrangement, adjustment or readjustment of the obligations of the Issuer under the provisions of any bankruptcy or moratorium laws or similar laws relating to or affecting creditors' rights. The term "default" shall mean default by the Issuer in the performance or observance of any of the covenants, agreements or conditions on its part contained in this Ordinance, any supplemental resolution or in the Bonds, exclusive of any period of grace required to constitute a default or an "Event of Default" as hereinabove provided. For purposes of Section 21(A) and (B) hereof, no effect shall be given to any payments made under any Bond Insurance Policy. Any Holder of Bonds issued under the provisions hereof or any trustee acting for the Holders of such Bonds, may either at law or in equity, by suit, action, mandamus or other proceedings in any court of competent jurisdiction, protect and enforce any and all rights, including the right to the appointment of a receiver, existing under State or federal law, or granted and contained herein, and may enforce and compel the performance of all duties required herein or by any applicable law to be performed by the Issuer or by any officer thereof. Nothing herein, however, shall be construed to grant to any Holder of the Bonds any lien on any property of the Issuer, except the Pledged Revenues. The foregoing notwithstanding: (i) No remedy conferred upon or reserved to the Bondholders is intended to be exclusive of any other remedy, but each remedy shall be cumulative and shall be in addition to any other remedy given to the Bondholders hereunder. (ii) No delay or omission to exercise any right or power accruing upon any default or Event of Default shall impair any such right or power or shall be construed to be a waiver of any such default or acquiescence therein, and every such right and power may be exercised as often as may be deemed expedient. 29 Ordinance No. 6876-01 (iii) No waiver of any default or Event of Default hereunder by the Bondholders shall extend to or shall affect any subsequent default or Event of Default or shall impair any rights or remedies consequent thereon. (iv) Acceleration of the payment of principal of and interest on the Bonds shall not be a remedy hereunder in the case of an Event of Default. Upon the occurrence of an Event of Default, and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights of the Bondholders under this Ordinance, the Bondholders shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Project and the funds pending such proceedings, with such powers as the court making such appointment shall confer. Notwithstanding any provision of this Ordinance to the contrary, for all purposes of this Section 21, except the giving of notice of any Event of Default to the Holder of the Bonds, the Bond Insurer shall be deemed to be the Holder of the Bonds it has insured. On the occurrence of an Event of Default, to the extent such rights may then lawfully be waived, neither the Issuer nor anyone claiming through or under it, shall set up, claim or seek to take advantage of any stay, extension or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement of this Ordinance, and the Issuer, for itself and all who may claim through or under it, hereby waives, to the extent it may lawfully do so, the benefit of all such laws and all right of redemption to which it may be entitled. Within 30 days of knowledge thereof, both the Issuer and the Paying Agent shall provide notice to the Bond Insurer of the occurrence of any Event of Default. The Bond Insurer shall be included as a party in interest and as a party entitled to (i) notify the Issuer or any Paying Agent of the occurrence of an Event of Default and (ii) request the Issuer or any Paying Agent to intervene in judicial proceedings that affect the Bonds or the security therefor. The Issuer and any Paying Agent are required to accept notice of default from the Bond Insurer. Anything in this Ordinance to the contrary notwithstanding, upon the occurrence and continuance of an Event of Default, the Bond Insurer shall be entitled to control and direct the enforcement of all rights and remedies granted to the Bondholders under this Ordinance and the Bond Insurer shall also be entitled to approve all waivers of events of default. SECTION 22. AMENDING AND SUPPLEMENTING OF ORDINANCE WITHOUT CONSENT OF HOLDERS OF BONDS. The Issuer, from time to time and at any time and without the consent or concurrence of any Holder of any Bonds, may enact an ordinance amendatory hereof or supplemental hereto, if the provisions of such supplemental ordinance shall not adversely affect the rights of the Holders of the Bonds then Outstanding, for any one or more of the following purposes: 30 Ordinance No. 6876-01 (A) To make any changes or corrections in this Ordinance as to which the Issuer shall have been advised by counsel that are required for the purpose of curing or correcting any ambiguity or defective or inconsistent provisions or omission or mistake or manifest error contained in this Ordinance, or to insert in this Ordinance such provisions clarifying matters or questions arising under this Ordinance as are necessary or desirable; (B) To add additional covenants and agreements of the Issuer for the purpose of further securing the payments of the Bonds; (C) To surrender any right, power or privilege reserved to or conferred upon the Issuer by the terms of this Ordinance; (D) To confirm as further assurance any lien, pledge or charge or the subjection to any lien, pledge or charge, created or to be created by the provisions of this Ordinance; (E) To grant to or confer upon the Holders any additional right, remedies, powers, authority or security that lawfully may be granted to or conferred upon them; (F) To assure compliance with federal "arbitrage" provisions in effect from time to time; (G) To provide such changes as may be necessary in order to adjust the terms hereof so as to facilitate the issuance of Variable Rate Bonds or Option Bonds; and (H) To modify any of the provisions of this Ordinance in any other aspects provided that such modifications shall not be effective until after the Bonds Outstanding at the time such supplemental ordinance is adopted shall cease to be Outstanding, or until the holders thereof consent thereto pursuant to Section 23 hereof, and any Bonds issued subsequent to any such modification shall contain a specific reference to the modifications contained in such supplemental ordinance. Except for supplemental ordinances providing for the issuance of Bonds pursuant hereto, the Issuer shall not enact any supplemental ordinance authorized by the foregoing provisions of this Section unless in the opinion of Bond Counsel the enactment of such supplemental ordinance is permitted by the foregoing provisions of this section. SECTION 23. AMENDMENT OF ORDINANCE WITH CONSENT OF HOLDERS OF BONDS. Except as provided in Section 22 hereof, no material modification or amendment of this Ordinance or of any resolution supplemental hereto shall be made without the consent in writing of the Holders of fifty-one percent or more in the principal amount of the Bonds of each Series so affected and then Outstanding. For purposes of this Section, to the extent any Bonds are insured by a policy of municipal bond inawance or are secured by a letter of credit and such Bonds are then rated in as high a rating category as the rating category in which such Bonds were rated at the time of initial issuance 31 Ordinance No. 6876-01 and delivery thereof by either Standard & Poor's Corporation or Moody's Investors Service, or successors and assigns, then the consent of the issuer of such municipal bond insurance policy or the issuer of such letter of credit shall be deemed to constitute the consent of the Holder of such Bonds. No modification or amendment shall pen-rut a change in the maturity of such Bonds or a reduction in the rate of interest thereon or in the amount of the principal obligation thereof or affecting the promise of the Issuer to pay the principal of and interest on the Bonds as the same shall become due from the Pledged Revenues or reduce the percentage of the Holders of the Bonds required to consent to any material modification or amendment hereof without the consent of the Holder or Holders of all such obligations. For purposes of the immediately preceding sentence, the issuer of a municipal bond insurance policy or a letter of credit shall not consent on behalf of the Holders of the Bonds. No amendment or supplement pursuant to this Section 23 (but not including Section 22 hereof) shall be made without the consent of the Bond Insurer, if any. SECTION 24. DEFEASANCE. The covenants and obligations of the Issuer shall be defeased and discharged under terms of this Ordinance as follows: (A) If the Issuer shall pay or cause to be paid, or there shall otherwise be paid, to the Holders of all Bonds the principal, redemption premium, if any, and interest due or to become due thereon, at the times and in the manner stipulated herein, then the pledge of the Pledged Revenues and all covenants, agreements and other obligations of the Issuer to the Bondholders, shall thereupon cease, terminate and become void and be discharged and satisfied. If the Issuer shall pay or cause to be paid, or there shall otherwise be paid, to the Holders of any Outstanding Bonds the principal or redemption premium, if any, and interest due or to become due thereon, at the times and in the manner stipulated herein, such Bonds shall cease to be entitled to any lien, benefit or security under this Ordinance, and all covenants, agreements and obligations of the Issuer to the Holders of such Bonds shall thereupon cease, terminate and become void. and be discharged and satisfied. (B) The Bonds, redemption premium if any, and interest due or to become due for the payment or redemption of which moneys shall have been set aside and shall be held in trust (through deposit by the Issuer of funds for such payment or redemption or otherwise) at the maturity or redemption date thereof shall be deemed to have been paid within the meaning and with the effect expressed in paragraph (A) of this Section 24. Subject to the provisions of paragraph (C) and (D) of this Section 24, any Outstanding Bonds shall prior to the maturity or redemption date thereof be deemed to have been paid within the meaning and with the effect expressed in paragraph (A) of this Section if (i) in case any of said Bonds are to be redeemed on any date prior to their maturity, the Issuer shall have given to the escrow agent instructions accepted in writing by the escrow agent to notify Holders of Outstanding Bonds in the manner required herein of the redemption of such Bonds on said date and (ii) there shall have been deposited with the escrow agent either moneys in an amount which shall be sufficient, or Acquired Obligations (including any Acquired Obligations issued or held in book-entry form on the books of the DLpartment of the Treasury of the United States) the principal of and the interest on which when due will provide moneys which, together with the moneys, if any, deposited with the escrow agent at the same time, shall be 32 Ordinance No. 6876-01 sufficient, to pay when due the principal of or premium, if any, and interest due and to become due on said Bonds on or prior to the redemption date or maturity date thereof, as the case may be. (C) For purposes of determining whether Variable Rate Bonds shall be deemed to have been paid prior to the maturity or redemption date thereof, as the case may be, by the deposit of moneys, or Acquired Obligations and moneys, if any, in accordance with paragraph B of this Section 24, the interest to come due on such Variable Rate Bonds on or prior to the maturity date or redemption date thereof, as the case may be, shall be calculated at the maximum rate permitted by the terms thereof; provided, however, that if on any date, as a result of such Variable Rate Bonds having bome interest at less than such maximum rate for any period, the total amount of moneys and Acquired Obligations on deposit with the escrow agent for the payment of interest on such Variable Rate Bonds is in excess of the total amount which would have been required to be deposited with the escrow agent on such date in respect of such Variable Rate Bonds in order to satisfy the second sentence of paragraph (B) of this Section 24, the escrow agent shall, if requested by the Issuer, pay the amount of such excess to the Issuer free and clear of any trust, lien, pledge or assignment securing the Bonds or otherwise existing under this Ordinance. (D) Option Bonds shall be deemed to have been paid in accordance with the second sentence of paragraph (B) of this Section 24 only if, in addition to satisfying the requirements of clauses (i) and (ii) of such sentence, there shall have been deposited with the escrow agent moneys in an amount which shall be sufficient to pay when due the maximum amount of principal of and redemption premium, if any, and interest on such Bonds which could become payable to the Holders of such Bonds upon the exercise of any options provided to the Holders of such Bonds; provided, however, that if, at the time a deposit is made with the escrow agent pursuant to paragraph (B) of this Section, the options originally exercisable by the Holder of an Option Bond are no longer exercisable, such Bond shall not be considered an Option Bond for purposes of this paragraph (D). If any portion of the moneys deposited with the escrow agent for the payment of the principal of and redemption premium, if any, and interest on Option Bonds is not required for such purpose, the escrow agent shall, if requested by the Issuer, pay the amount of such excess to the Issuer free and clear of any trust, lien, security interest, pledge or assignment securing said Bonds or otherwise existing under the Resolution. SECTION 25. GOVERNMENTAL REORGANIZATION. Notwithstanduig any other provisions of this Ordinance, this Ordinance shall not prevent any lawful reorganization of the govemmental structure of the Issuer, including a merger or consolidation of the Issuer with another public body or the transfer of a public function of the Issuer to another public body, provided that no such reorganization shall materially adversely affect the ability of the Issuer or the successor governmental entity to continue to collect and pledge the Pledged Revenues or the Issuer's right to collect the Pledged Revenues. SECTION 26. MATTERS RELATING TO THE BOND INSURER. The Issuer hereby covenants, represents, and expressly agrees to the following terms and provisions as such are necessary and desirable in order to obtain a Municipal Bond Insurance Policy: 33 Ordinance No. 6876-01 A. Consent of the Bond Insurer. Any provision of this Ordinance expressly recognizing or granting rights in or to the Bond Insurer or to an Insurer may not be amended in any manner which affects the rights of the Bond Insurer hereunder without the prior written consent of the Bond Insurer. B. Consent of the Bond Insurer in Addition to Bondholder Consent. Unless otherwise provided in this Section, the Bond Insurer's consent shall be required in addition to Bondholder consent, when required, for the following purposes: (i) execution and delivery of any supplemental ordinance or resolution or any amendment, supplement or change to or modification thereto, (ii) removal of the Paying Agent and selection and appointment of any successor paying agent; and (iii) initiation or approval of any action not described in (i) or (ii) above which requires Bondholder consent. C. Consent of the Bond Insurer in the Event of Insolvency. Any reorganization or liquidation plan with respect to the Issuer must be acceptable to the Bond Insurer. In the event of any reorganization or liquidation, the Bond Insurer shall have the right to vote on behalf of all Bondholders who hold the Bond Insurer-insured Bonds absent a default by the Bond Insurer under the applicable Municipal Bond Insurance Policy insuring such Bonds. D. Consent of the Bond Insurer upon Default. Anything in this Ordinance to the contrary notwithstanding, upon the occurrence and continuance of an event of default as defined in this Ordinance, the Bond Insurer shall be entitled to control and direct the enforcement of all rights and remedies granted to the Bondholders for the benefit of the Bondholders under this Ordinance. E. Notification and Documents to be Furnished. While the Municipal Bond Insurance Policy is in effect, the Issuer shall fiunish to the Bond Insurer (to the attention of the Surveillance Department, unless otherwise indicated): (i) as soon as practicable after the filing thereof, a copy of any financial statement of the Issuer and a copy of any audit and annual report of the Issuer; (ii) a copy of any notice to be given to the registered owners of the Bonds, including, without limitation, notice of any redemption of or defeasance of the Bonds, and any certificate rendered pursuant to this Ordinance or relating to the security for the Bonds; (iii) such additional information it may reasonably request; (iv) notice of any failure of the Issuer to provide relevant notices, certificates, etc.; and (v) immediate notification if at any time there are insufficient moneys to make any payments of principal and or interest as required and immediate notification upon the occurrence of any event of default. 34 Ordinance No. 6876-01 F. Access to Issuer nfor cation. The Issuer will permit the Bond Insurer to discuss the affairs, financings and accounts of the Issuer or any information the Bond Insurer may reasonably request regarding the security for the Bonds with appropriate officers of the Issuer. The Issuer will permit the Bond Insurer to have access to the Project and to have access to and make copies of all books and records relating to the Bonds at any reasonable time. G. Continuing DisclQre. To the extent that the Issuer has entered into a continuing disclosure obligation with respect to any Series of Bonds, the Bond Insurer for such Series shall be included as a party to be notified. Notwithstanding the foregoing or any other provision of this Ordinance or any subsequent resolution, the rights and benefits granted to the Bond Insurer shall be conditioned on, and shall be subject to, the absence of any default by the Bond Insurer on any applicable Municipal Bond Insurance Policy. SECTION 27. NO LNUAIRMENT. The pledging of the Pledged Revenues in the manner provided herein shall not be subject to repeal, modification or impairment by an subsequent ordinance, resolution or other proceedings of the City, provided however, the City may decrease the rates applicable for the application of the Pledged Revenues so long as sufficient Pledged Revenues are levied to satisfy the tests of Section 20(F) hereof. SECTION 28. CAPITAL APPRECIATION BONDS. For the purposes of (i) receiving payment of the redemption price of a Capital Appreciation Bond if redeemed prior to maturity, (ii) receiving payment if the principal of all Bonds is declared immediately due and payable, and (iii) computing the amount of Holders required for any notice, consent, request or demand hereunder for any purpose whatsoever, the principal amount of a Capital Appreciation Bond shall be deemed to be its Compounded Amount. SECTION 29. TAX COVENANTS. With respect to any Bonds for which the Issuer intends on the date of issuance thereof for the interest thereon to be excluded from gross income for purposes of Federal income taxation: (A) The Issuer shall not use or permit the use of any proceeds of any such series of Bonds or any other funds of the Issuer, directly or indirectly, to acquire any securities or obligations, and shall not use or permit the use of any amounts received by the Issuer with respect to such series of Bonds in any manner, and shall not take or permit to be taken any other action or actions, which would cause any such series of Bonds to be a "private activity bond" within the meaning of Section 141 or an "arbitrage bond" within the meaning of Section 148, or "federally guaranteed" within the meaning of Section 149(b), of the Internal Revenue Code of 1986, as amended (the "Code"), or otherwise cause interest on such series of Bonds to become subject to federal income taxation. 35 Ordinance No. 6876-01 (B) The Issuer shall at all times do and perform all acts and things permitted by law and this Ordinance which are necessary or desirable in order to assure that interest paid on such series of Bonds will be excluded from gross income for purposes of federal income taxes and shall take no action that would result in such interest not being so excluded. (C) The Issuer shall pay or cause to be paid to the United States Government any amounts required by Section 148(f) of the Code and the regulations thereunder (the "Regulations"). In order to insure compliance with the rebate provisions of Section 148(0 of the Code with respect to any such series of Bonds for which the Issuer intends on the date of issuance thereof to be excluded from gross income for purposes of Federal income taxation, the Issuer hereby creates the "City of Clearwater [Improvement] Revenue Bonds Rebate Fund" (hereinafter sometimes called the "Rebate Fund") to be held by the Issuer. The Rebate Fund need not be maintained so long as the Issuer timely satisfies its obligation to pay any rebatable earnings to the United States Treasury; however, the Issuer may, as an administrative convenience, maintain and deposit funds in the Rebate Fund from time to time. Any moneys held in the Rebate Fund shall not be considered Pledged Revenues and shall not be pledged in any manner for the benefit of the holders of the Bonds. Moneys in the Rebate Fund (including earnings and deposits therein) shall be held for future payment to the United States Government as required by the Regulations and as set forth in instructions of Bond Counsel delivered to the Issuer upon issuance of such Bonds. SECTION 30. ADDITIONAL RIGHTS TO BOND INSURER. Pursuant to one or more supplemental resolutions, the Issuer may provide additional rights, covenants, agreements and restrictions relating to any Rating Agency, or any Bond Insurer with respect to a Municipal Bond Insurance Policy. SECTION 31. SEVERABILITY. If any one or more of the covenants, agreements or provisions of this Ordinance should be held contrary to any express provision of law or contrary to the policy of express law, though not expressly prohibited, or against public policy, or shall for any reason whatsoever be held invalid or shall in any manner be held to adversely affect the validity of the Bonds, then such covenants, agreements or provisions shall be null and void and shall be deemed separate from the remaining covenants, agreements or provisions of this Ordinance or of the Bonds issued hereunder. SECTION 32. SALE OF BONDS. The Bonds shall be issued and sold at public or negotiated sale at one time or in installments from time to time and at such price or prices as shall be consistent with the provisions of the requirements of this Ordinance and other applicable provisions of law as set forth in a supplemental resolution of the Issuer adopted before the issuance of any Series of Bonds. SECTION 33. GENERAL AUTHORITY. The members of the City Commission of the Issuer and the Issuer's.officers, attorneys and other agents and employees are hereby authorized to perform all acts and things required of them by this Ordinance or desirable or consistent with the requirements hereof for the full, punctual and complete performance of all of the terms, covenants and agreements contained in the Bonds and this Ordinance, and they are hereby authorized to execute and 36 Ordinance No. 6876-01 deliver all documents which shall be required by Bond Counsel or the initial purchasers of the Bonds to effectuate the sale of the Bonds to said initial purchasers. SECTION 34. NO THIRD PARTY BENEFICIARIES. Except such other Persons as maybe expressly described herein or in the Bonds including the Bond Insurer, nothing in this Ordinance, or in the Bonds, expressed or implied, is intended or shall be construed to confer upon any Person other than the Issuer and the Holders any right, remedy or claim, legal or equitable, under and by reason of this Ordinance or any provision hereof, or of the Bonds, all provisions hereof and thereof being intended to be and being for the sole and exclusive benefit of the Issuer, the Bond Insurer, if any, and the Persons who shall from time to time be the Holders. SECTION 35. NO PERSONAL LIABILITY. Neither the members of the City Commission of the Issuer nor any person executing the Bonds shall be personally liable therefor or be subject to any personal liability or accountability by reason of the issuance thereof. SECTION 36. REPEAL OF INCONSISTENT INSTRUMENTS. Any other ordinance or resolutions, or parts thereof, in conflict herewith are hereby repealed to the extent of such conflict. SECTION 37. EFFECTIVE DATE. The provisions of this Ordinance shall take effect upon its enactment, as required by law. [Remainder of page intentionally left blank.] 37 Ordinance No. 6876-01 SECTION 38. PUBLIC NOTICE. Notice of the proposed enactment of this Ordinance has been properly advertised in a newspaper of general circulation In accordance with Chapter 166.041, Florida Statutes. PASSED ON FIRST READING , 2001 PASSED ON SECOND READING AND FINAL READING AND ADOPTED AS AMENDED. , 2001 Mayor-Commissioner Attest: City Clerk Approved as to Form and Legal Sufficiency: City Attorney ®. 38 Ordinance No. 6876-01 I -- P . Principal/Interest Remaining Series 1985 and 1995 Public Service Tax Bonds Principal Interest Total Total Series 1985 Series 1995 85/95 Series Series 86/95 Remaining Original Remaining 1985 1995 Remaining Dec-01 75,000 75.000 18,934.38 18,934 Feb-02 190,000 190,000 281,973 281,973 Jun-02 - 15,512.49 15,512 Aug-02 - 277,128 277,128 Dec-02 75,000 75,000 15,51 &.49 15,512 Feb-03 200,000 200,000 277,128 277,128 Jun-03 - 12,090,63 12,091 Aug-03 - 271,978 271,978 Dec-03 80,000 80,000 12,090.63 12,091 Feb-04 210,000 210,000 271,978 271,978 Jun-04 - 8,440.62 8,441 Aug-04 - 266,518 266,518 Dec-04 85,000 85,000 8,440.62 8,441 Feb-05 225,000 225,000 266,518 266,518 Jun-05 - 4,562.49 4,562 Aug-05 - 260,612 260,612 Dec-05 100,000 100,000 4,562.49 4,562 Feb-06 240,000 240,000 260,612 260,612 Aug-06 - 254,252 254,252 Feb-07 250,000 250,000 254,252 254,252 Aug-07 - 247,502 247,502 Feb-08 265,000 265,000 247,502 247,502 Aug-08 - 240,215 240,215 Feb-09 285,000 285,000 240,215 240,215 Aug-09 - 232,235 232,235 Feb-10 300,000 300,000 232,235 232,235 Aug-10 - 223,797 223,797 Feb-11 320,000 320,000 223,797 223,797 Aug-11 - 214,597 214,597 Feb-12 340,000 340,000 214,597 214,597 Aug-12 - 204,822 204,822 Feb-13 360,000 360,000 204,822 204,822 Aug-13, - 194,472 194,472 Feb-14 385,000 385,000 194,472 194,472 Aug-14 - 183,403 183,403 Feb-15 405,000 405,000 183,403 183,403 Aug-15 - 171,760 171,760 Feb-16 430,000 430,000 171,760 171,760 Aug-16 - 159,397 159,397 Feb-17 460,000 460,000 159,397 159,397 Aug-17 - 146,172 146,172 Feb-18 490,000 490,000 146,172 146,172 Aug-18 - 131,778 131,778 Feb-19 520,000 520,000 131,778 131,778 Aug-19 - 116,503 116,503 Feb-20 555,000 555,000 116,503 116,503 Aug-20 - 100,200 100,200 Feb-21 590,000 590,000 100,200 100,200 Aug-21 - 82,500 82,500 Feb-22 625,000 625,000 82,500 82,500 Aug-22 - 63,750 63,750 Feb-23 665,000 665,000 63,750 63,750 Aug-23 - 43,800 43,800 Feb-24 710,000 710,000 43,800 43,800 Aug-24 - 22,500 22,500 Feb-25 750,000 750,000 22,500 22,500 415,000 9,770,000 10,185,000 100,147 8,501,752 8,601,899 Prepared by M. Simmons 9/19/014:52 PM S M? E??-I Clearwater City Commission Agenda Cover Memorandum Worksession Item #: Final Agenda Item # /Meeting Date: 36 -*P101 SUBJECT/RECOMMENDATION: Approve the City's annual membership in the Tampa.Bay Partnership for the Fiscal Year 2001-2002, in the amount of $50,000.00, 0 and that the appropriate officials be authorized to execute same. SUMMARY: • The Tampa Bay Partnership has provided invaluable marketing services for the region. The image enhancement and research of the Partnership has enhanced the City's ability to attract and retain businesses. • The Mayor is serving on the Council of Governors and has previously served on the Policy Board. Staff serves on the Workforce Regional Leadership Advisory Council and the Marketing Committee with Commissioners attending key functions during the year. • In consideration for the City's membership, the Partnership provides services such as having the City featured in advertising in economic development publications, providing regional and national public relations assistance for Clearwater, and membership in key committees which keeps the City included in plans and strategies for issues such as transportation, workforce development and international trade. • The Partnership provides essential research on targeted industries which enables the City to better target attraction activities and provides regional comparisons of economic and demographic data. The Partnership has assisted in the location of larger industries which assists Clearwater by providing growth opportunities and sales leads for our existing businesses. • The partnership provides timely legislative updates, takes on a leadership role in supporting legislation that is good for the region, and assists the City regarding policy positions favorable to redevelopment in a built-out community. 0 The City's current dues are $50,000 per annum, which is funded in the Economic Development operating budget. .Reviewed by: Originating Dept: Costs Legal NIA Info Srvc N/A Economic Develop Total 50,000 Green) Budget Public Works N/A User Dept. Funding Source: Purchasing /A DCM/ACM Economic Developm nt Current FY CI Risk Mgmt N/A Other Attachments OP Other X Submitted by: X None Appropriation Code: City Manager 010-09216-557100-552.000 Printed on recvcled oaoer Rev. 2/98 a o Eb ), Clearwater City Commission Agenda Cover Memorandum Final Agenda Item # __7_ Meeting Date: C ?0! SUB) ECT/R ECOM M EN DAT I O N: Approve an Agreement between the City and the Clearwater Beach Chamber of Commerce for tourism services in Fiscal Year 2001-2002 in return for funding in the amount of $ 35,000, . lij and that the appropriate officials be authorized to execute same. SUMMARY: p In 1999 the City entered into agreements with the Clearwater Regional Chamber of Commerce and the Clearwater Beach Chamber of Commerce in which the Chambers provided specific tourism services on behalf of the City in exchange for a certain amount of funding from the City. This has proven to be an excellent partnership and the City is satisfied with this arrangement. • The Beach Chamber will continue to provide visitor information services at the Visitor Information Center at the Clearwater Marina. Services shall include payroll, scheduling and maintaining employees, providing all needed supplies, materials, and furnishings to the Visitor Information Center, telephone service and its attendant costs as described in Exhibit "A" of the agreement. From October 2000 through duly 2001, the staff at the Visitor Information Center Staff has provided information to over 22,000 visitors. The top five requests were for information regarding Bus Routes/Trolley, Attractions in Clearwater, Outside Clearwater Attractions, Maps/Directions and Boats. • Funding in the amount of $ 35,000 has been budgeted for and is available in the Economic Development operating budget to fund this agreement. The Beach Chamber shall provide an accounting of said funds, as well as furnish the City with a monthly report of activities on behalf of the City. e The term of the agreement is for one year. Reviewed by: Originating Dept: Costs $ 35,000.00 Legal Info Tech 1`JA Economic Developm (Anne Green) Total ? Budget Public `works A User Dept. Funding Source: Purchasing ':?A DCM/ACM Economic Developmen Captial Improvement Current Fiscal Year Risk Mgmt NA Other NA Attachments Operating X Copy of Exhibit "A" to Agreement Oti,er Appropriation Code: Submitted by: ? None 010-0921E-530300-552-000 Citv Manager M&Wuewo Prinfptl nn rprvrIPA nanPr EXHIBIT "A" • The Visitor Information Center will serve as the Clearwater Beach Visitor Information Center. The Clearwater Beach Chamber of Commerce will be the City's agent in all matters pertaining to the Beach Visitor Information Center. • Current space in the Clearwater Marina will be provided to the Visitor Center rent- free and shall be open Monday through Saturday, 9:00 a.m. - 5:00 p.m., Sunday 1:00 p.m. - 5:00 p.m., and closed Christmas Day, New Year's Day, and Thanksgiving Day. • Payroll, scheduling, and maintaining employees will become the responsibility of the Clearwater Beach Chamber of Commerce. • The City will donate the current desk and chair to the Beach Chamber of Commerce for use in the Visitor Center. The Chamber will provide all needed supplies, materials, future furniture, signage, and other furnishings for the Visitor Center. • The City will continue to provide the phone service through the Marina. Long- distance charges will be paid by the Chamber to the Marine Department. • The Clearwater Beach Chamber of Commerce will maintain a separate account for the Visitor Information Center and will provide an accounting of the expenditure of funds to the City Manager. • The Clearwater Beach Chamber of Commerce will provide monthly reports to the City Manager of the number of visitors and type of questions answered. • Clearwater Beach Chamber of Commerce may purchase City shirts at cost. 5 Agenda., (09/20/02) Item #3 8 ?a? 5?`0r e? 3 SUBJECT/RECOMMENDATION: Clearwater City Commission Agenda Cover Memorandum Final Agenda Item # Jy Meeting Date: yAvhr Approve an Agreement between the City and the Clearwater Regional Chamber of Commerce for tourism services in Fiscal Year 2001-2002 in return for funding in the amount of $ 170,000, and that the appropriate officials be authorized to execute same. SUMMARY: • In 1999 the City entered into agreements with the Clearwater Regional Chamber of Commerce and the Clearwater Beach Chamber of Commerce in which the Chambers provided specific tourism services on behalf of the City in exchange for a certain amount of funding from the City. This has proven to be an excellent partnership and the City is satisfied with this arrangement. o The Clearwater Regional Chamber will continue to provide visitor information services for the City at the Chamber's business location. Services will include the preparation and distribution of visitor guides, advertising, telephone service and its attendant costs, and the operation of the tourism web site formerly handled by the City, as described in Exhibit "A" of the agreement. • This fiscal year, the Clearwater Regional Chamber has mailed over 24,000 Visitors Guides to consumers requesting information and provided Visitors Guides for Consumer Promotions and Travel Trade promotions. The Chamber has overseen the placement of advertising in state and national magazines such as Florida Travel, Florida Living, Audubon, New York Magazine, the Wall Street Journal and Coastal Living. The www.visitclearwaterflorida.com web site has been enhanced and was promoted in all advertising. • Funding in the amount of $ 170,000 has been budgeted for and is available in the Economic Development operating budget to fund this agreement. The Clearwater Regional Chamber shall provide an accounting of said funds, as well as furnish the City with a quarterly report of activities on behalf of the City. • The term of the agreement is for one year. Reviewed by: Originating Dept: Costs $ 170,000 Legal Info Tech NA Economic Developer/ (Anne Green) (( Total Budget 1 Public Works N User Dept. Funding Source: Purchasing DCM/ACM Economic Develop nt Captial Improvement Current Fiscal Year Risk Mgmt NA Other NA Attachments Operating X Copy of Exhibit "A" to Agreement other Appropriation Code: Submitted by: B A" 0 None 010-09216-530300-552-000 Citv Manager Printed an recvcted naner Exhibit A • The Agency will oversee Visitor Guide fulfillment. All requests received form various sources will be sent directly to the mailing house, Thomas Packaging and Fulfillment. The mailing house will prepare a monthly report indicating the number of leads by source, number of pieces mailed, postage amounts, etc. The report will be forwarded to the Clearwater Beach Chamber, along with the listing of prospects received from all non-chamber sources. • The Agency will contract for and maintain the inventory of visitors guides at the Jennings and Yulee Welcome Centers. • The Agency will place destination advertising in the St. Petersburg/Clearwater Area Convention and Visitors Bureau and Visit Florida Visitors Guides. Other advertising and promotion will be examined by the Advertising Committee and could include consumer advertising and advertising through the State of Florida's web site, www.flausa.com • The Agency will manage the call center for toll-free number answering services and oversee the WATS services/billing. • The Agency will manage and maintain the www.visitclearwaterflorida.com web site; enhancements to the site will be considered. • The Agency will utilize the visitor Florida and the St. Petersburg/Clearwater Area Convention and Visitors Bureau sales programs for Visitor Guide brochure distribution to the travel trade and consumers. • The Agency will reapply for the Clean Beaches Council's Blue Wave award on behalf of the City. • The Agency will update the accommodations listing of the Clearwater Beach and Clearwater Mainland properties for the Official Visitors Guide commencing with the 2003 edition. The Agency will make every effort to confirm the accuracy of the accommodation information utilizing the City occupational license list for hotel properties. 09/17/2001 10:45 727-443-0163 JOHNDORAN PAGE 02 4 : 3-7 -, 3 8eack CHAMBER-All A=vnis 09/1 X01 VIC INCOME AND EXPENSES by Year 101Dm Twough 08131101 Pagel 10101r00- Cah4p:y Doewip41on 0813ir0f INCOME Interest Income 38.80 VIC CONTRACT INCOME 72,423.83 TOTAL INCOME 22,482.63 EXPENSES AQMIN SVC EXP 180.00 BADGES$PLAQUES 28.57 tollodblft 0.00 EMPLOYMENT ADS 55.39 INSURANCE 758.00 MISC EXP 8.00 PAYROLL: Earnings 18,973.50 Taxes: Meftare tax 278.80 SS tax 1,172.63 Unemployment-FL 10.37 Unemployme"s 249.42 TOTAL Taxes 1,711.02 TOTAL PAYROLL 20,634.62 VIC SHIRTS 20.00 TOTAL EXPENSES 21,733.40 TOTAL INCOME - EXPENSES 720.23 09/17/2001 10: 45 U cll CHAMBER-loll AcwUr is 727-443-0163 JOHNDORAN VIC BALANCE SHEET by Year As of Otil31101 Acct ASSETS Cash OW Bank A=urrts W.C. c"dit TOTAL Cash and Bank Accounts Other Assets DEPOSITS DUE FR CHAMBER TOTAL Othw Assets TOTAL ASSETS UABILITIES 6 EQUITY LIABILITIES 099 UabilMes Payroll-FICA Pey dl-FWH Payroll-MCARE VIC FUND TOTAL Other LiabliMm TOTAL. LIABILMES EQUITY TOTAL LIABILMES & ECHJriY 0330M W31M 8418ne4 Bakffm 7,190.91 2,728.20 7,190.91 2,728.20 0.00 600.00 0100 0.00 0.00 800.00 7,190.91 3,328.20 176.50 197.90 3.00 3.00 46.24 46.28 13,953.17 3,078.02 7,190.91 3,326.20 7,190.91 3,320.20 0.00 0.00 7,190.91 3,326.20 PAGE 03 09/17/11 Pop 1 8I-A28 u?a0 N:!?!V 8 r07N pO 888 ON°NN88 8° 80? 8 O LV NC''3 N ?D ?tf I? h_ t? Qi Oi f. t!i C? O Q 2 ? ct rLei , N (V u Of 7 g ID w N O Of cD N fQ r N ?, S m Q f7 t? N .- C •- N Cl) qT tom' ?A N 1? r- ?- a) O w O V O Cn N R O r •- Co N co a+ N LO C7 O f? r% 10 IA cl Q! rI C iu r O Cl M c O 00 r N N N N C.7 O O V t` V Co 04 f`7 f` Q V r r r V E a a « 8 inco Im oC) 80 8 8 88 82 rn s w o N N N p s Z; ? . r cm OV 8 tU Q1m m O - N N N ?- *- N a r a ?- V N r• r\ N N 8 h 2 r- a O O O 8 N S N p p .- n r tf) co CO O V N 8 - co O O 8 ? C7 t` r N N N r Q N C) Qf t• N N vm? LOm N coo ?cNa S co 8 c o cooi NNO NU) Nr toN N N ^ 9 N 3 N f? 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CL N 3 s U- c g ?$E> c`? r 3 ? a m r N City of Clearwater Tourism Contract Accounts Payable Thomas Packaging and Fulfillment - Postage Thomas Packaging and Fulfillment Wall Street Journal Orlando and Where Magazines Eckel Advertising Home and Away Magazine Miles Media Group Board of County Commissioners Internet Junction 9117/01 $5,000 $426.50 $3,501-60 $950 $581.96 $4,717.50 $23,690.35 $1,000.00 $70 $39,938 Invoices Yet to be Received/Posted for September payment Thomas Packaging and Fulfillment Metered Mail/UPS Toll Free Number/Long Distance Fees CRCC Lead Processing, Toll Free Number Fulfillment, Contract Administration, Copying, Printing, Etc. Key to Orlando Conference Visit Florida Brochure Distribution Fees FLAUSA.COM Advertising Clearwater City worksesslon Item #: Commission Final Agenda Item # -3 Agenda Cover Meeting Date: 9/20/01 Memorandum SUBJECURECOMMENDATION: Approve re-siting, subject to all permits, reviews and approvals normally needed, of the Water Treatment Facility to be constructed at Sid Lickton Park, - E and that the appropriate officials be authorized to execute some. SUMMARY: The original plan was to construct the Water Treatment Facility on the south end of Sid Lickton Park, After much research, Staff requested Commission approval to relocate the facility to the north end of the park, adjacent to our reservoir and existing facilities. Commission direction was to present the relocation plan to the surrounding neighborhoods as soon as possible. 0 A scheduled public meeting was moved from August 29th to August 7th to obtain input from the neighborhood. As a result of the meeting, favorable comments were received and the.overall consensus was that the new location blended in better with the neighborhood. • A map of the revised location is attached. Reviewed by: Legal NA Budget NA Purchasing NA Risk Mgmt NA Info Srvc NA Public Works DCM/ACM Other 4A Originating Dept.- Public Works A ministration Public Costs Total Submitted by: City Manager U Qrinted on recvcied naeer User Dept.: -"f f Public UtilitiesNVaterlSoltau Attachments Map of Revised Location 13 None Current FY Funding Source: Cl X OP Other on Code: U ( .•Y • `' K ?F o't§".?' ? it ?' !u' ''"? "rte ' " '? t ,. ?t' ?'?:,. .+?1. 1. T Y , r. ?1 r ?.. :? aY• ?: .. is r •? ? ? ????? ? r 1 t r. Q r v AN .? )Y4' ? rIA7lirt? YMJ?I.R+M`t ^ ?pt .wHwN(.d. ty'11 .: t'r%a" r .n ?y?ll? ANN V 10 AIIO Mf A[. J, PW 5 Clearwater City Commission Agenda Cover Memorandum Worksession Item #: Final Agenda Item # "T-() Meeting Date: 9-20-01 SUBJECT/RECOMMENDATION: Approve funding commitment of $50,000 to the Southwest Florida Water Management District (SWFWMD) for feasibility and permitting of aquifer storage and recovery (ASR) using reclaimed water, E and that the appropriate officials be authorized to execute same. SUMMARY: • SWFWMD has requested City funding participation in the amount of $50,000 for a multi-year project, the Largo/Clearwater/Pasco ASR/Interconnect, to study, plan, develop and construct ASR technology for reclaimed water. The concept of this project includes developing seasonal storage for reclaimed water cooperatively between the Cities of Largo and Clearwater, and transmitting excess wet weather flows to Pasco County to restore environmentally impacted wetlands. • This project will be executed in four phases: Feasibility (2002), testing (2004), ASR well construction (2005), followed by interconnecting pipeline construction (2006-08). SWFWMD estimates the total cost of the project to be approximately $9.56 million and estimates the Clearwater's share of the total effort at about $2.5 million over the duration of the timeline. • The feasibility and permitting phase will determine the suitability of using ASR technologies in the local area to develop seasonal storage for reclaimed water. • The project will benefit Clearwater by providing seasonal storage for reclaimed water, enabling greater access to this resource for additional areas in the City. ASR will also provide the capability to potentially reduce or eliminate surface water discharge from the wastewater treatment plants, avoiding regulatory issues associated with these discharges. • The City of Largo and SWFWMD have committed $50,000 each for this phase. • Resolution 01-07 was passed on March 1, 2001, establishing the City's intent to reimburse certain project costs incurred with future tax-exempt financing. The projects identified with 2001 revenue bonds as a funding source were included in the project list associated with.Resolution 01-07. • Sufficient budget is available in the Reclaimed Water Capital Improvement Program project, 343-96739, for the requested amount of $50,000 for Clearwater's portion. • Funding for additional phases are subject to continued Commission authorization, review of City water/sewer funding needs, and progress with the feasibility study. • If approved, a funding agreement with SWFWMD will follow. Reviewed by: Legal Budget Purchasing Risk Mgmt NA Info Srvc NA Public Works` DCWACM Other Submitted by: City Manager Originating Dept.;/,? Costs $50,000 Public Works Administration Total $50,000 User Dept.: e Funding Source: Public Utilities/Neff Current FY $50,000 Cl X Attachments OP Other ? None Appropriation Code: 343-96739.561300-533-000 Printad on recvcled paper 7 i 7 } .4/0 WAR _ N N a N N N N N d/) . N 0 0 N N O N 0 c0 0 0 ' Q? 75 N N U N 0 N N N N i a) cm C\j co O O o l o p Q- NO ? - Cl) 0 v 05 0 N 0 o N c) N O ® N _ O O r O O C\l i ,r.. . O O `... O V O N O Cl) U) Z Z z z a ? z ? a) cz ?. LU a) o O o N © N o a) o (1) o ?- ® i -0 ?? ? n 0 n 0 a = M 0 C: DC ? 6? NEW '? a) a? a? a? cv a? 0 a? 0 v a) "? .? • C C C C C C C ? C C C ? 0 0 o O O o 0 0 0 0 O ?? n 0 0 0 0 0 n o O n o 0 UL LL U O U ? 4) .C CD o, Co ? 0 U (3 U •a; 2 2 -0 ° cz cz cn Cl) 0 o _ - w Z 0 C 0 ITZ CU _ .? a) C O CO C/) c U) ? O .?r cu c' % O ? w 0 w 0 z .+. w 0 z O w ? J N Z v i ?- ',r Xi" . ,, -: * C' L * •3 I . al" Now t,4,4 ;V, Z : k sw?tv 00 00 Cr) ?Jo 00 00 N OQ Cr) ` N * } to w { v r 00 `..? . '? 4-a O ?V as? , cis. ?, CCU ?-+ U Cis ;3- • V • n Saw a? 4 >1 u O a U I C,y U w i "Cl C/)_ o 0 i -o s Cl) cn o , ?s (3) CA c? 0 Q COMPARISON OF PROJECT SEQUENCE September 18, 2001 REVISED PLAN Phase Service Area Year to be Constructed 1 Seville 2004 2 Del Oro Groves 2005 3 Morningside 2006 4 Skycrest 2007 5 Coachman Ridge 2008 6 Enterprise 2009 7 E. Drew Street 2010 8 Countryside South 2011 9 Lake Park 2012 10 South Betty Lane 2013 11 Countryside North 2014 12 North Greenwood 2015 13 North Hercules 2016 14 Country Club Estates 2017 15 Clearwater High 2018 16 Glen Oaks 2019 17 North Belcher 2020 18 Palmetto Street 2021 19 Clearwater Harbor 2022 20 Woodmont 2023 21 Hercules Industrial 2024 22 Sunset Point 2025 23 YMCA 2026 24 Sylvan Abbey 2027 25 Old Coachman 2028 1998 PLAN Service Area Year to be Constructed Del Oro Groves 2004 Clearwater Harbor 2005 E. Drew Street 2006 Lake Park 2007 Coachman Ridge 2008 Old Coachman 2009 Palmetto Street 2011 Skycrest 2012 Hercules Industrial 2013 Country Club Estates 2014 Glen Oaks 2016 Seville 2017 Woodmont 2018 North Greenwood 2019 Morningside 2020 C:\WINDOWS\TEMP\RCW Comparison of Project Sequence2.doc I % I a a q ? (_0 Clearwater City Worksession Item #: .? 1 I Commission Final Agenda Item # Agenda Cover Meeting Date: 9-20-01 Memorandum SUBJECT/RECOMMENDATION: Approve revisions to the Reclaimed Water Master Plan, ® and that the appropriate officials be authorized to execute same. SUMMARY: • On April 30, 2001, proposed revisions to the Reclaimed Water Master Plan were brought before Commission for review. A number of questions were raised during that meeting which was later answered. Further, Commission direction was to obtain public input regarding the proposed revisions., • Subsequently, two public meetings were conducted. The revised Master Plan was presented to the Coalition of Homeowners Associations at their regular meeting on August Uh. The second public meeting was held on August 7`h to present the water plant re-siting and the revised Reclaimed Water Master Plan. • The rationale for determining priorities, including the need to secure future grant funding to offset capital costs was stressed, and the cost/benefit analysis used to determine those priorities was explained. Public comments included questions on general reclaimed water information (use, costs and policies) and some people expressed concern about why they couldn't receive reclaimed water despite being relatively close to existing reclaimed infrastructure. The later issue is a result of low cost/benefit. Questions were answered and concerns were addressed at the meetings. More in-depth follow-up communications occurred after the original presentation to the Commission and the public meetings • A copy of the revised plan is available for review in the Clerk's Office. Reviewed by: Legal NA Budget NA Purchasing NA Risk Mgmt NA Info Srvc NA Originating Dept 19 Public Works Administration Costs Total Public Works DCM/ACM Other NA Submitted by: 0A. 11 City Manager I User Dept ?yf?j? I Public UtilitiesMater/Soltau Attachments O None Current FY Funding Source: Cl X OP _ Other ation Code: Printed on recvcled naner Clearwater City Worksession Item 9?•ITE Commission Final Agenda Item # ? Agenda Cover Meeting Date: q ! Memorandum SUBJECT/RECOMMENDATION: Approve a one-year funding agreement, in the amount of $326,700, between Jolley Trolley Transportation of Clearwater Inc. and the City of Clearwater for the operation of transportation and trolley services on Clearwater Beach, Island Estates, Sand Key and services from Clearwater Beach to Downtown Clearwater, O and that the appropriate officials be authorized to execute same. SUMMARY: Jolley Trolley Transportation of Clearwater Inc. (Jolley Trolley) has been operating trolley service along the City's beach communities and downtown for the previous 8 years. 4 The current five-year funding agreement expires on September 30, 2001. Current funding supports approximately 65% of the trolley overall budget with the remaining 35% corning from fares, rentals and advertisements. Specifically the funding is for: ? Trolley service between Clearwater Beach and Sand Key - $199,500 ? Trolley service between Clearwater Beach, Island Estates and Downtown Clearwater - $95,000 Trolley vehicle maintenance - $50,000 ? Office space rent - $11,700 Funding during the annual term of the current agreement totals $356,200 which is supported through the parking fund ($306,200) and the CRA ($50,000). e The new proposed agreement includes: ? A reduction in funding of 10% for the providing of the trolley routes. A Trolley service between Clearwater Beach and Sand Key - $179,500 ? Trolley service between Clearwater Beach, Island Estates and Downtown Clearwater - $85,500 ? Trolley vehicle maintenance - $50,000 Office space rent - $11,700 O Funding during the term of the new agreement totals $326,700. The source of this funding will be parking fund ($276,700) and CRA ($50,000). e The Parks and Recreation Department will administer compliance of the agreement. a A copy of the agreement is available for review in the City Clerk Department. Reviewed by: Originating Dept: Costs Legal Info Srvc N/A Parks & Recreation Department To 326,700 Budget Public Works N/A Kevin Dunbar, Director Funding Source: Purchasing Lp}tl( DCM/ACM User Dept. Current FY N/A CI Risk Mgmt N/A Other Parks & Recreation De artment OP Attachments: Other 326,700 Submitted by: & O None City Manager A ro riation Code: None Printed on recvcled oaoer Rev. 2/98 PD JOLLEY TROLLEY SYSTEM GRANT FUNDING AGREEMENT This Trolley System funding Agreement is made and entered into this day of _.,, 2001, behveen the City of Clearwater. hereinafter referred to as the ("City") and the JOLLEY TROLLEY TRANSPORTATION OF' CLEARWATER, INC., a Florida non-profit corporation, hereinafter referred to as the ("Corporation"). ARTICLE I. TERM The term of this agreement shall be for a period of one (1) year commencing on October 1, 2001, and continuing through September 30, 2002. (the "Termination Date"), subject to annual budgetary appropriation approved by the Clearwater City Commission, unless earlier terminated under the terms of this agreement. ARTICLE II. RESPONSIBILITIES OF THE CORPORATION 1 } Services to be Provided. The Corporation shall provide the transportation services to promote tourism described as trolley service on Clearwater Beach, Island Estates and Sand Key, and service from Clearwater Beach to Downtown Clearwater, as described in Exhibit A. 2) Scheduled Reports of Activities. The Corporation shall furnish the City with a financial audit certified by independent Certified Public Accountant within 90 days of the end of the fiscal year to the Parks and Recreation Director. The financial report is to set forth the total cost of operations provided, and the detailed account of operational costs funded in part by the City. 3) Use and Disposition of Funds Received. Funds received by the Corporation from the City shall be used towards the payment of expenses attendant to the operation of the Trolley System. A proposed annual budget will be submitted to the Parks & Recreation Director by May 31 of each year. 4) Creation, Use and Maintenances of Financial Records, a) Creation of Records. The Corporation shall create, maintain and make accessible to authorized City representatives such financial and accounting records, books, documents, policies, practices and procedures necessary to reflect fully the financial activities of the Corporation. Such records shall be available and accessible at all times for inspection, review or audit by authorized City personnel, b) Use of Records. The Corporation shall produce such reports and analyses that may be required by the City and other duly authorized agencies to document the proper and prudent stewardship and use of the monies received through this agreement. C) Maintenance of Driver's Log and Check Point System. The Corporation agrees to maintain a driver's log and a check point system to document compliance with the agreed upon schedule. Changes to these attached schedules are at the discretion of the Corporation Board of Directors, but will be submitted to the City at least two weeks prior to implementation. Any change, or series of changes, which will cause more than a 25% reduction in the routes may, at the discretion of the City Commission, be considered failure to adhere to the terms of the contract and may be grounds for reducing the funding commitment or may be considered cause for termination of the contract. 1 d) Maintenance of Records. All records created hereby are to be retained and maintained for a period not less than five (5) years from the close of the applicable fiscal year. 5) Non-discrimination. Notwithstanding any other provision of this agreement, the Corporation for itself, agents and representatives, as part of the consideration for this agreement does covenant and agree that: a) No Exclusion from Use. No person shall be excluded from participation in, denied the benefits of, or otherwise be subjected to discrimination in the operation of this program on the grounds of race. color, religion, sex, handicap, age or national origin. b) No Exclusion from Hire. In the management, operation, or provision of the program activities authorized and enabled by this agreement, no person shall be excluded from participation in or denied the benefits of or otherwise be subject to discrimination on the grounds of, or otherwise be subjected to discrimination on the grounds of race, color, religion, sex, handicap, age, or national origin, except that age may be taken into consideration to the extent that the age of an employee is a bona fide occupational qualification. c) Inclusion in Subcontracts. The Corporation agrees to include the requirement to adhere to Title VI and Title VII of the Civil Rights Act of 1964 in all approved sub- contracts. d) Breach of Non-discrimination Covenants. In the event of conclusive evidence of a breach. of any of the above non-discrimination covenants, the City shall have the right to terminate this agreement. 6) Liability and Indemnification. The Corporation shall act as an independent contractor and agrees to assume all risks of providing the program activities and services herein agreed and all liability therefore, and shall defend, indemnify, and hold harmless the City, its officers, agents, and employees from and against any and all claims of loss, liability and damages of whatever nature, to persons and property, including, without limiting the generality of the foregoing, death of any person and loss of the use of any property, except claims arising from the negligence or willful misconduct of the City or City's agents or employees. This includes, but is not limited to, matters arising out of or claimed to have been caused by or in any manner related to the Corporation's activities or those of any approved or unapproved invitee, contractor, subcontractor, or other person approved, authorized, or permitted by the Corporation whether or not based on negligence. ARTICLE Ill. RESPONSIBILITIES.OF THE CITY A) Grant of Funds for Operations. The City, subject to annual City Commission approval, agrees to fund in part the operational costs incurred in providing the activities and services authorized by this agreement as follows: • An annual amount of $179,500 for providing trolley service between Clearwater Beach and Sand Key based upon the Corporation meeting the route schedule attached as Exhibit A. • Ar annual amount of $85,500 for providing trolley service between Clearwater Beach Island Estates and Downtown area based on the Corporation meeting the route schedule attached as Exhibit A. CSC 2 • An annual amount of $50.000 towards the cost of maintaining the trolley vehicles. • An annual amount of S1 1,700 for the lease of office space. Payable in equal payments of 1112 per month per fiscal year. B; Funding in Subsequent Years. Funding for each year of this Agreement is subject to City Commission approval of the annual budgetary appropriation. Notice of intention by the City of discontinue funding must be provided to the Corporation at least 90 days before the beginning of the next fiscal year. ARTICLE IV. DISCLAIMER OF WARRANTIES This Agreement constitutes the entire Agreement of the parties on the subject hereof and may not be changed, modified or discharged except by written Amendment duly executed by both parties, No representations or warranties by either party shall be binding unless expressed herein or in a duiv executed Amendment hereof. ARTICLE V. TERMINATION 1) For Cause. Failure to adhere to any of the provisions of this Agreement in material respect shall constitute cause for termination. Either party can terminate this Agreement by giving the other party 60 days notice of termination after first giving the defaulting party 60 days to cure any default. 2) Disposition of Fund Monies. In the event of termination for any reason, monies made available to the Corporation but not expended in accordance with this Agreement shall be returned to the City. ARTICLE VI. NOTICE Any notice required or permitted to be given by the provisions of this Agreement shall be conclusively deemed to have been received by a party hereto on the date it is hand delivered to such party at the address indicated below (or at such other address as such party shall specify to the other party in writing), or if sent by registered or certified mail (postage prepaid), on the fifth (5th) business day after the day on which such notice is mailed and properly addressed. 1) ?f to Corporation, addressed to: Jolley Trolley Transportation of Clearwater, Inc. 483 Mandalay Avenue, Suite 113 Clearwater, FL 33767 2) If to City, addressed to: City Manager P. 0. Box 4748 Clearwater, FL 33758-4748 With copy to: City Attorney P. 0. Box 4748 Clearwater, FL 33758-4"148 And 3 Parks and Recreation Director P.O. Box 4748 Clearwater, FL 33758-4743 ARTICLE VII. EFFECTIVE DATE The effective date of this Agreement shall be as of the date below written. IN WITNESS WHEREOF, the parties hereto have set. their hands and seals this 2001. Countersigned: Brian J. Aungst Mayor-Commissioner Approved as to form: CITY OF CLEARWATER, FLORIDA day of William B. Hornell City Manager Attest: John Carassas Cynthia E. Goudeau Assistant City Attorney City Clerk JOLLEY TROLLEY TRANSPO OF CLEARWAT-ER. INC. ,,7 , By: Atte 1?I?rJANIE M. DUTCHER ti MY COMMISSION CC 730525 • EXPIRES: April 5, 2002 f2.,'heV Bondaf Thru Nowy Pjjbk und#nvritars 4 EXHIBIT "A" ;I II ti r.? 0 7 °c ??rirtl??ti ? 0 4.f ou ao A C402 O w ?c s A a 01 nN ?V V5 Fri erce St. L ao.ds • rear ?..?1 o ?- a u ? LL (V and 0 pap 0 > Franklin SL t Lu N r ! 0 0 COUrt SL a¦?.e8 AMA "No" `t tw u t o ? 72 ' N Chi ?v c s t w r 'till J, ?Y C ? I u r 1 v V ? v V i V v. Ail N N W QJ C v o V J .u_ N t.t1 .r ?I A C 4 u Vr r, & V w O y w r ,a VuCC f G` J 0 ? E- 10 UUU s m c Hendrick% St 3 a M o ?9 d .. v a0 C q%L a? am- c:levelznd AT (Hwy 60) mmocood v ? •a C Q u a V u1 E RIO" Park St. c Ir rtpd ?d j??? ed/J a x a.r m -o 16 ? • r i JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. FINANCIAL STATEMENTS Years Ended September 30, 2000 and 1999 (With Independent Auditor's Report Thereon) /?; ,tfL JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR'S REPORT FINANCIAL STATEMENTS Statements of Financial Position Statements of Activities Statements of Cash Flows Notes to Financial Statements INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS 1 2 3 4 5 8 i r 'y John J. McKnight, Jr., CPA Robert P. Sytnanski, CPA Syrnanski McKnight, P.A. Certified Public Accountants and Business Advisors INDEPENDENT AUDITOR'S REPORT To The Board of Directors Jolley Trolley Transportation of Clearwater, Inc. Members Florida Institute Of Certified Public Accountants American Institute Of Certified Public Accountants We have audited the statements of financial position of Jolley Trolley Transportation of Clearwater, Inc. (a nonprofit organization) as of September 30, 2000 and 1999 , and the related statements of activities and cash flows for the years then ended. These financial statements are the responsibility of the Organization's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform our audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Jolley Trolley Transportation of Clearwater, Inc. as of September 30, 2000 and 1999, and the changes in its net assets and its cash flows for the years then ended in conformity with generally accepted accounting principles. In accordance with Government Auditing Standards, we have also issued a report dated November 17, 2000, on our consideration of the Organization's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. In 0 L7 r November 17, 2000 1301 Seminole Blvd., Suite 115, largo, Florida 33770 - (727) 584-8186 - Fax (727) 584-9139 1700 McMullen Booth Road, Suite 134, Clearwater, Florida 33759 - (727) 725-8272 - Fax (727) 669.0252 A q w ?I ?I r? JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. STATEMENTS OF FINANCIAL POSITION September 30, 2000 and 1999 Assets Current assets: Cash $ 212,532 $ 170,205 Prepaid and other current assets 14,293 17,315 Total current assets 226,825 187,520 Property and equipment 596,607 496,922 Less accumulated depreciation 377,367 299,589 Net property and equipment 219,240 197,333 Total assets $ 446,065 384,853 Liabilities and Net Assets Current liabilities: Accounts payable and accrued expenses $ 18,467 $ 18,252 Deferred revenue 3,177 2,960 Total current liabilities 21,644 21,212 Net assets -. unrestricted 424,421 363,641 Total liabilities and net assets $ 446,065 $ 384,853 See accompanying notes to financial statements. 2 JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. STATEMENTS OF ACTIVITIES Years ended September 30, 2000 and 1999 2000 1999 Support and revenue: Support: City of Clearwater Operations Grant $ 294,500 $ 294,500 City of Clearwater Vehicle Maintenance Grant 50,000 50,000 Donated facilities and equipment 28495 28,739 Total support 372,995 373,239 Revenue: Fare revenue Advertising revenue 61,250 41,135 62,757 42,668 Interest income 10,942 5,390 Charter revenue 55,821 47,677 Other revenue 4,728 3,309 ' Total revenue 173,876 161,801 Total support and revenue 546,871 535,040 Expenses: Salaries - drivers 113,435 114,756 Salaries - administrative 65,132 67,007 Salaries - vehicle maintenance 27,019 26,839 Payroll taxes 17,330 18,220. Worker's compensation insurance 10,578 10,814 Trolley repairs and maintenance 41,936 35,049 Depreciation expense 77,778 92,556 Insurance expense 33,337 35,954 Fuel expense 32,350 27,159 Office supplies and expenses 15,064 17,647 Personnel costs 4,126 3,200 Travel 1,416 - Utilities 3,400 1,638 Rental expense 37,351 37,680 Interest expense 375 - Professional fees 3,550 4,500 Sales tax and other taxes 1,914 - Total expenses Changes in net assets Net assets - unrestricted, beginning of year Net assets - unrestricted, end of year See accompanying notes to financial statements. 486,091 493,019 60,780 42,021 363,641 321,620 424,421 $ 363,641 3 N N N N N a JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. STATEMENTS OF CASH FLOWS Years ended September 30, 2000 and 1999 Cash flows from operating activities: Changes in net assets Adjustments to reconcile excess of support and revenue over expenses to net cash provided by operating activities: Depreciation expense (Increase) decrease in prepaid and other current assets Increase (decrease) in accounts payable and accrued Increase in deferred revenue Net cash provided by operating activities Cash flows from investing activities: Property and equipment expenditures Net cash used by investing activities Net increase in cash Cash at beginning of year C h t d f as a en year o Supplemental disclosure of cash flows information: Cash paid for interest Cash paid for income taxes See accompanying notes to financial statements. 2000 1999 $ 60,780 $ 42,021 77,778 92,556 3,022 (1,930) 215 1,275 217 977 142,012 (99,685) 134,899 (82,373) (99,685) (82,373) 42,327 52,526 170,205 117,679 $ _ 212,532 $ 170_,205 $ 375 $ -0- $ 106 $ -0- I V 4 rrn Zp rNn > C C z ' ro p rn 03 ril r A N tPtpi V + J? 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N ?p Q p 1/? ?y 1 ? ? y ?? yy t : I N 1D G r !7 1[7 17 " f7 o a ? N C4 i 0 e$ irS r i N C4 e N a?jl gg E ? N J 7 1 I' JOLLEY TROLLEY TRANSPORTATION OF.CLEARWATER, INC. NOTES TO FINANCIAL STATEMENTS September 30, 2000 and 1999 L NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization Jolley Trolley of Clearwater, Inc. (Organization) is incorporated under the laws of the State of Florida as a nonprofit corporation. Its purpose is to provide a local.and tourist public transportation system between the islands of Sand Key and Clearwater Beach and the City of Clearwater. Approximately 63% and 64% of the Organization's support for the years ended September 30, 2000 and 1999, respectively, came from City of Clearwater grants. Basis of Accounting The financial statements of Jolley Trolley Transportation of Clearwater, Inc. are presented on the accrual basis. Basis of Presentation The Statement of Financial Accounting Standards (SFAS) No. 117, "Financial Statements of Not-for-Profit Organizations," establishes standards for general purpose external financial statements provided by a not-for-profit organization. It specifies that those statements include a statement of financial position, a statement of activities and a statement of cash flows. The financial position and activities will report information according to three classes of net assets: unrestricted net assets, temporarily restricted net assets and permanently restricted net assets. The Organization does not have any temporarily restricted or permanently restricted net assets. Revenue Recognition Revenue from Operations and Vehicle Maintenance Grants (see Note 4) is recognized over the term of the Grants. All other revenues are recognized when the earnings process is substantially complete and services have been performed. Property and Equipment Property and equipment are stated at cost. Depreciation is charged against earnings over the estimated useful service period of the assets using the straight-line method. Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Donated Services No amounts have been reflected in the financial statements for donated services because the criteria for recognition under SFAS 116 have not been satisfied. 5 q JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. NOTES TO FINANCIAL STATEMENTS September 30, 2000 and 1999 Lam' G NOTE 2: NOTE 3: INCOME TAXES In June 1995, the Organization received a favorable determination from the Internal Revenue Service as to its federal income tax exemption status under Section 501(a) of the Internal Revenue Code. PROPERTY AND EQUIPMENT Property and equipment at September 30, 2000 and 1999 are as follows: Estimated years of useful sexy ce Trolley vehicles Furniture and office Vehicle improvements Leasehold improvements Signage Garage equipment Total property and equipment III NOTE 4: 6 GRANTS $ 550,264 24,379 4,102 8,872 2,293 6,697 596 607 $ 450,579 24,379 4,102 8,872 2,293 6,697 $ 496.922 5 5 5 10 5 5 The City of Clearwater has Funding Agreements to the Jolley Trolley Transportation of Clearwater, Inc. for a period of five years commencing October 1, 1996, subject to an annual budgetary appropriation approved by the City of Clearwater Commission. The funding of the Operations Grant and Vehicle Maintenance Grant for the years ended September 30, 2000 and 1999 was $294,000 and $50,000 and $294,500 and $50,000, respectively. Amounts received under the above grants require the fulfillment of certain conditions as set forth in the grant instruments. Failure to fulfill the conditions could result in the return of the funds to the grantor, reduction of funding commitment or termination of agreement. The Board of Directors is of the opinion that Jolley Trolley Transportation of Clearwater, Inc. has complied with all significant provisions of the grants as of September 30, 2000 and 1999. The funding agreement is scheduled to terminate as of September 30, 2001. JOLLEY TROLLEY TRANSPORTATION OF CLEARWATER, INC. NOTES TO FINANCIAL STATEMENTS September 30, 2000 and 1999 NOTE 5: RENT The Organization rents a. garage facility on a month-to-month basis for $600 per month plus sales tax. NOTE 6: DONATED FACILITIES AND EQUIPMENT Jolley Trolley Transportation of Clearwater, Inc. entered into an operating lease with the Pinellas Suncoast Transit Authority for two trolley vehicles at a rate substantially below market value. The term of the lease is three years ending December 31, 2002. The lease will automatically renew every three years unless notice is given at least 180 days prior to the renewal date. The annual rental payment is $1.00 per vehicle. The difference between the fair market value of the lease and the amount actually paid is included in the financial statements as support and expense of $15,600 and $15,600 in 2000 and 1999, respectively. The Organization also entered into an operating lease with the City of Clearwater for office space and a garage facility at a rate substantially below market value. The term of this lease was five years, ending in September 2001. The annual rental payment was $1.00. On January 1, 1999, the Organization was moved to a new office facility for which the City of Clearwater is paying $1,070 per month in rent. The difference between the fair market value of the lease and the amount actually paid by the Organization is included in the financial statements as both support and expense of $12,840 and $13,139 in 2000 and 1999, respectively. NOTE 7: CONCENTRATION OF CREDIT RISKS The Organization maintains cash balances with its banking institution. Cash amounts at this bank are insured by the FDIC for up to $100,000, Although the Organization's bank accounts were in excess of $100,000 at September 30, 2000, management does not believe that the Organization's deposits are at risk of loss at the depository bank. NOTE 8: SUBSEQUENT EVENTS Jolley Trolley Transportation of Clearwater, Inc. voluntarily requested that the City of Clearwater reduce the grants by 5% effective January 1, 2000. It is anticipated that the City will comply with this request. 7 1 u l" L- V A- ?l F 77 Ll Ll 11 11 J `I l John J. hfcKnighl, Jr., CPA Robert R Symanski, CPA Symanski * McKnight, P.A. Certified Public Accountants and Business Advisors INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE AND ON INTERNAL CONTROL OVER FINANCIAL REPORTING BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMEIVT AUDITING STANDARDS The Board of Directors Jolley Trolley Transportation of Clearwater, Inc. Members Florida Institute Of Certified Public Accountants American Institute Of Certified Public Accountants We have audited the financial statements of Jolley Trolley Transportation of Clearwater, Inc. (A nonprofit organization) as of and for the years ended September 30, 2000 and 1999, and have issued our report thereon dated November 17, 2000. We conducted our audit in accordance with generally accepted auditing standards and the standards applicable to financial audits contained in Government auditing Standards, issued by the Comptroller General of the United States. Compliance As part of obtaining reasonable assurance about whether Jolley Trolley Transportation of Clearwater, Inc.'s financial statements are free of material misstatement, we performed tests of its compliance with certain provision of laws, regulations, contracts and grants, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered Jolley Trolley Transportation of Clearwater, Inc.'s internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and not to provide assurance on the internal control over financial reporting. Our consideration of the internal control over financial reporting would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements in amounts that would be material in relation to the financial statements being audited may occur and not 1301 Seminole Blvd., Suite 115, largo, Florida 33770 - (727) 584-8186 - Fax (727) 584-9139 1700 McMullen Booth Road, Suite 134, Clearwater, Florida 33759 • (727) 725-8272 4 Fax (727) 669-0252 1 r Q N? The Board of Directors Jolley Trolley Transportation of Clearwater, Inc. be detected within a timely period by employees ' in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. This report is intended for the information of the board of directors, management and others within the Organization. V• • November 17, 2000 9