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08/07/1944 :;. ,. I. '''. ~~" " . .. . ., ' ' ,. ;j:.'~;,;~,\~.:.,,:,,,~..~:~,~.:,-,,,;,:~.',,:..~ .:.:;': ..,~. .". ,,,:. .~r}~ " "'I' ;...~,j! . ::':;,'.:.:\l:. .:.: :.r;; , ? ' )I~."'" CITY C OMMI SSI ON MlliUTES OF THE CITY OF CLEAR'\'iATE'R FLO~IDA, August 7th, 1944 J -----..- / I \ h I' ;~: f' r ~ I 1"., 1 j , \ ' '.J~ ",. '.; .",,"'........) The City Commission of the Ci:ty of Clearwater, Florida, met in regular session the evening of August 7th, 1944 at 8:00 O'clock p.m. in the City Hall with the following members present: George R. Seavy, Mayor-Commissioner C OITunis si one rs: Herbert Grice Jer:se G. Smith Dan L. Stoutamire Sumner R. Lowe Absent: None: ) The meeting was duly cs lled to order by Mayor Seav,y; a nd the minutes of the previous meeting were read and approved. On the recommendation of City Manager Hendrix the Commission without formal vote approved ed~ed from the City of Clearwater covering the following described property: SEt of NEt of Section 22, Township 29 South, Range 15. The deed being to the former owners of this property who had deeded the same to the City for cemetery property. Mr. Hendrix pointed out to the City Commission that the property, due to being so low, could never be used for cemetery purposes. Attorney J. E. Satterfield appeared before the Baard and spoke briefly in favor of the City taking adeouate steps to acquire the ownership of the Florida Power Corporation's system in Clearwater at the expiration of the present franchise. Mr. Satterfield handed each member of the Boqrd a copy of the financial report covering various cities owning their own electric utilities either ~ completely or the distribution system only. This report bears date of September 7, 1937 and is attached to and made a part of these mintues. The City Commission took no action in the matter. City Attorney Ral~h Richards now read to the Board for the second and third time Taxi Ordinance #500. It was moved by Mr. Smith seconded by 1,1r. Lowe and carried the t Ordinance number 500 be passed on its 2nd reading. It'was moved by Mr. Smith, seconded by l~r. Lowe and carried that Ordinance number 500 be passed on its 3rd reading. Below and set out elsewhere in these minutes is a copy of Ordinance #500. City Attorney Richards now read a resolution that proposed to change the names of two or three streets in the Hillcrest section. It w~s moved by Mr. Stoutamire, seconded by Mr. Grice and carried that the resolution be adopted. Set out elsewhere in t~ese minutes is a copy of this resolution. City Manager Hendrix at this time asked the City Commission to relieve him of his duties as acting chief of poliae and to appoint as Chief of Police John E. Swift. It was moved by Mr. Stoutam~re seconded by MrG Lowe and carried tl'lat John E. Swift be appointed Chief of ~olice of the Oity of Clearwater. It was moved by Mr. Smith seconded by 11r. Lowe and carried that 8 resolution covering the appropriation of funds under the Lan- ham Act for the city of Clearwater be a~'proved. This resolution cov- ered a revised period from 7/1/43 to 6/30/45 and shows money to be received from the Government as ~23,638.00 and from the City of Clearwater $3,700.00. . There being no further business to come bef'ore the Board the meeting was adjourned. ~r W end-mer~\ , , .... .., :."....'. --.,....,~l,.".l..:-...,..,...;.. \" _ "...~...:. ~:"'1 M".".V ~w; '.:~."".""".';i'.''- J.\......., ,.... "'~ 1-3 "'.Sl.".. . ' , 'j "'::~.:.' '..:.': .\:' ! .." '.,. , '. .. .. . ..'....,. .':. :,: ,.. ,.J... . , ". ,. 1.\.: " '1"".'.,",. . : .: ~ ,... ' ". , ~' . '. _., . J .. ",."'". ..,.., ..,' ,. '.' , . , .' ..,.,. .. .,.. " " , , " , I I I I I I 1 ,. " ';.. ,. '... .~ , ,,';'.\\ ;,. , ..~. f. J i'1 , "" :F I I I I I r I I ,,' I: I . _~. ._...... "'Tn ..._. .:'::'..~ . ' .1 ' ., ,. ,',1 I 1'-' .. (" ,'...... RES 0 L UTI 0 N BE IT RESOLVED BY rr'HE CITY OOMNu3SIOH OF THE CLEAR\VATER, FLORIDA: CITY OF L I' I 1\ f. " i Ii I I{ That from and after the passage of this Resolution~ the names of certein streets in the City of Clearwater, Fla.~ be and the same ere hereby changed as follows: Meriva Circle to Jacaranda Circle. Mariva Hoad to Forest rload. llari va .rtvenue to Eucalyptus Avenue. This,Reao~~tion passed and adopted by the City Commission of the City of Clearwater, Florida, at its meeting.~ on the 7th day of august, A.D. 1944. Mayor-Commissioner httest: City Auditor and Clerk. /' 't: !t ? . ,,! 1::~.~~.~i!i1dl~~~~~~'~~"Z'~'''~i3~V~~~~~~~~;~I';~4~w.;)~~''1~r;i!~1~~~~f.r..rNt:~~":~. ~---- '. -I~ ... ". . 1Ii'.' :.'... . . .:".' ~ .. ' ;/'i~;';,,~,,;;. '.'.'~ . ,.' ',;::'(::>{~),~::'" ,'" :' ":-',:,:.. .'r-~- . " I " ' :1. -. :.:'. ., r r-""~""""". ~~ ' ~:.'i:t~'~'< -1- Cleurwntor, Florida September 7, 193'7 , . ; i' I , I I I I, t I I , Honorable City Commissienors of the City of Clearwator, Florida: Gontlemon: I hW1d you herewith rinancinl report nnd analysis of n trip ovor the sta.te mndo by Mr. Bouis, City Enginoor, and!nY3olr, to con~ ta.ct tho off'icials of c1 tios ovmine; theil' own electric utili bios, 01 ther cOll1plotoly or tho distributj.on s7~tom only. Tho cities of Florida which opern1;o their own electric uti- lit:J.os arc as follows: (Those markod (-iio) ovm distribution oystem onl~" ) lllnchuD. Mooro Haven Bartow New Smyrna Boach Nowberry Ocnla. Bushnell ..;~ " I ,I I i i '} ,", I' ! I : , I, , '1" " Dado City -:!- Fort Pie roc Orla.ndo Fort J..Ioo.de Polk City Quincy Rivor JUl1ction Gainoavi 110 Green Cove Springs Homostead Sobring S ta.rIm Jncksonvillo Jacksonvillo Bench ..;!- St. Cloud Kissimmoo Tallahasseo Lake Holon Vera Bonol1. Lakelond Williston ~!- Loosburg Lake Worth W'auchula. Yonlcoetown ~!- Mount Dora. ..;} The cities aotually visited wore thoso moot noarly the size of' Cloa.rwa.ter, with tho oxcoption of Ja.cksonville, which has on out- stnndil1.g record, The oitios visited wore Ocala, Ga.inesville, Talla.hasseo, Ja.oksonville and Palntko.. Pa.lntkn docs not as yot own its eleotric' '-, utility, but has for some time been endeavoring to purchase their distribution system from tho Floridn Powor a.nd Light COlllpnny. ' Fur- ~or referenoe to this situation will be made later in tho report. .,' .. ./' ; '.. -"I J ,"_ .,\.~...,:::.",\.;:.;\.~r~f~~JI'(~~~~~~~--':~-'l!o;o(;..:;'~;;c~->n'I;';'",,~';:;;;;:'i>l:..Si(~~ ".. , , ~to\.~, ,.... . " . :,.......~,......., ,,'" "..',..:,.'.,';;;:,\", ".. ".:.'.c.:,::.<:;::<:: ;' -'" -:..;. "., , , "-" ~;. , \ I i , I i l f I t t ". :' ...~t-_............ "8' , .. .: .1; , . ,:,. }.):, ~"O , ',' .' ',. .. " ..,' . ...,' \ ..'. '. "i. :.:,:'.,: '., . r r i ,j , ; 1 ~ ! \ I i j J ~ . ~ .. I 0 ,I i f I I ) I ; , , " i' ,1 I ,." ~ -2- I o.ttach exhiblts of profit o.nd loss stutcmontc of' Oco.lo., Exhibit "n" Gainesville Exhibit "C", Tn.llnho.:3sco, Exhibit iln" o.nd Jo.C1rsonVill~, Exhibit "Ef.. Those DhoVl net profi to for the last past fiscal year as follows: Oco.lo. ~111,11'7.4~ Ga.inosvi11o 133,685.'78 Ta.llahassee l3~,Q06.55 Jacksonville, 1,.92'7,085 c: 49 , These reports, together with supporting datn ulrlch TIcro ob- to.inod, nnd u study of an oconomic report of Pnlatko. herein referred to,. hn ve boen thoroughly digested and rocast in 0. form to show 0.11 figures in compara.tive eolumns, o.nd to show ""'hat Clearwator could ex- pect in tho liGht of' informo.tion gained from the other cities. This compurison is Elhovm horewith as Ex."Ubit ".L\" attc..ched. All fignres of' unusual income have boen eliminated, nnd all items ha.vo been given full valuo, such 0.0 loss of loco.l tux agninst n private utility, full depreciation, whethor shorln on the city's sto.te:mont of' profit and losn or not, and interest on tho toto.l vaJ.uo of tho utilj. ty, rathor than on the actual bonds outstanding, together Ylith l1lil amount Dufficient to retire bonds to tho tote,l value of the utility i.l1 thirty years. Tho figures have been sot up in this mo.nneI' in order to com~xtre thom with possible oo..rnings of' the Clen.rYlC.ter utili ty, which Ylould, of cou.rse, havo to be bondod to its full cost from the beginning. As vrill be seen f'rom Exhibi t "A", each of these cities O\:os considera.bly less than the vn.luo of their utilities, shorr.i.ng that they have rapidly retired tho original cost of acquiring thenI. A conservativo estimate of the net profit, after deducti~ 0.11 costs oxccpt interest and sinking fund for Cle[.~rvlUtcr, shows 'iP10B,000.OO. Interest and sinking fund would depend ontirely on th<> eost of o.cquiring the utility.' The figure would be under ;?60 per ~~l,OOO of' cost, or under ~~60, 000, even at 0. $1,000,000.00 valuation, rlhich of' ~ourse is preposterously high. In mnny respects the most interosting place visited was the city of Palutka, wInch has a population of 6,500, ono-half of which is colored. Their franchise has the same provision D.S ours vlhereby the distribution system muy be purchusod by arbitration. In their case tho Fl')l'ldc. POVier and Light Corporo,t ien ha::.: fla.tly rofused to recognize this provision of their franchise, and have so far frus- tra.ted evory move of tho city to force its recognition in the courts. Palatka empleyed 0. nationally recognized firm of appraisal engineers to appraiso the property and lno.ke an economic report. The report was briefly tho.~ the value of the distribution syctem ovmed by the power compo.ny vms ~?83,000.OO. They I'eportod further that the city should be able to establish a generating plant and either ,purchase or construct now distribution systom for n total cost of ~300,OOO.OO. They rocommended further that a.l1 rates be immediately reduced 25%. qnder this set-up, their net operating profit per year rlQuld be (i"!16,580.00, which would be un ampunt sufficient to take care of the principo.l and interest of bonds, of dapreciation~ of future yearly ~xtenslons of servico, in 13 years, and have a surplus of over ~100,OOO.00 in cash. . ..~-_..:... ,'.,~..--.- -.-- .,~~~~: ,fooj. --'" ')] .' ',...... " . ;.'.. ' '. <". , . '. ,', ~.......... . ','.,[ ~ . \\ .~\ r ! I ! i i f. t ! f ! I i l r ! r ~ ~. t F t ~, I .- .... I I ha.ve a...'t'ld sha.ll be at a.ny time. . ,... , " . " " .;. " :! I , , .r '""I'''~'i':~-~ " , '. " . ... ~ .. / ..3- i i I ! in 111'1 offico glnd to talk su.pporti:n('; da.:.jn to uny of' tho of 0.21 this C Gl1I,lli r s i, oj.) inforl11l1tion ccmcorning it I Mr. Bouia uhich ho will be c:l.l1ed upon. made cortnin tochiicul investiga.tiuns in position to discUSD vith tho 011 the trip Co:nnnisEI ior_ when Hospoct:tu11:; suut1ittcd, J. E. SATTERFIELD, City Auditcr alm Clerk. r. ~~.., 1'-' '- --./ ~.' I I , 'r--'" ..'.'.' ..': ,'.'.. : :~~(:~' ':,::1:' ..~,"\>:,.', ,'.'. '''.,., .\. , , . . .... ... .. ~ ",~': " , ,"::,,::.':;i;:' ':;':\>': , ,.,,','/:;'.: ':\.';,;;~;;/</", ,,',-: '.:> ",.'" 'c: ,'.. :', 'c. \. ,ii. ~, .' ':.,:, :.;;'t (,' j,'< "'.. :!(~ ,~~f? i ~ .. ,} 1" :( .~~ .. ,\ '.,1 ..;t, fII__J.~....,:: ~"""..to;: ,,' \ ' ~.~. .' :"'J-~' ! I I ! , f I , : '.{ ". . I I ; , ,"/ I" I i " 1 I ....~,~ ' ;'. "~,<..f ,,' " ~ ' .. <:!' ., ' , .' ~ . . , . . , "':,'" ,:,', ,.'" ..,:/,'.. " , ' ,;'. .' ,\", ::: :>,~:>;: I::;:... "'::'::::':':1,' " ':', ..., ,,:,:::':, . 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',:",:",>\~:.( . .:>,.::",',': :>:'::: ;::;';,\ "::',.::.:j,,:,\;;:, :i\' , ':~ ':",:.:,:',; y':',..,..;:: ';,'" , '::, ,,' , :,,~,,' . ,,':,,' ,,:,,;]'..::;'; ,..' ;\, ".,': '.....:<j,::j ',fy:';;{)'!?,., ~\. : ,,~:"::,:';\:!:,:Y:::/: : ::..':': ,.,',: ':; '" ",;:,: i: ::'; , ;;:"'':,:' .i." :'1 ;."..:.: :'," ': .d>,:'.': ':',.-..~,..,.,,',,! '",." " >.:)',,\' !':>L ,'':; .':: ,:";',:','.,..; ,';; .';,:' \":' :j', , :: ~, '::' , "':. " . . ", . ,'; ':' \;', 2," ,}~:,;'" ,> :i ',; , ,':;;;' >/:.:'....::'~,,:'\ "'j, . .", .' '-':)".{5:.::.;"~,';",}:~ ~,:',::> "~'; . : ;,' . .:",:-",:.,{:):,',';,':,.: .:",<' ':''''~<'''' i-' '.' ;','. ,J'" '::", :,.", ,.' 1,', . ' /:>.,";"':Y'< ,', :.t..; ':":;::'::;') 'f' " ,":',;>>/ ',;:: .,'.,". ,; -"'. :;,. , I,::~,,::~~ :(/;'\i;",:,d, ". , ,.:~:;..:1,{".,,; :::,,':,,;\," :i! S: ',//;): '}i/ ,;;/~ :\::.';i.'j,: ;,.-; ~~,,:::;: ., ..;." " '.-,' ;.' , '. . , [" .. ;', ,1..' / i'!.::,; :')".'; ;';::~(j (, '!j.:~~~.\~,e:u.*--:.. ,f :;51~l"t~!~fb},~(: 't f)t:,::,., '. .,IIL. r~ "I . . " PROFIT AND LOSS STATEMENT CITY OF OCALA OCT. 1, 1935 to SEPT. 30, 1936 Gross Receipts: Ser vico Deposi ts Sale Polos Junk COppOI' Fuel Oil Damago to E. L. Pole Meter Burnod Sorvice i I I I I I I ,I i Gross Disbursements Labor Supplies & Repairs Powor Purchased Sta to Utility Tax Fuel Light Refund Insuranco Equipmont Equipment & Ext. ! on linoloum 2 on truck Re~~d of Deposits Roalized Cash Prorits .~:~_.._..- 21632J.~09 8311.00 3~OO J.02~0; 207 ~ 00 15.00 10~00 636.'75. 15289~01 4808~91 65201040 254:1.77 858~54 2~9.0 1602.66 29152.87 53~93 279.13 ,,4688. 31 E.xHIBIT B " '" 225605.87 124488.43 101117.44 I .. ,..,. . ~IL '1', II CITY OF GAINESVILLE PROFIT AND LOSS STATE1~~T FISCAL YEAR ENDED SEPT. ;0, 1936 Revenue . j Service to Oonsumers Lights Heat Power Inspection Fees Total to Consumers Service to Municipal & other uni ts Streets University of Fla. & Farm Wator Plant Sales o~ Old Generators Total to others Total Revenue I' , i i ,.. l f , , ,j '! ;, ( j' ,}' !:' i Operating EA~ense Fuel Oil Water Salaries Inspections Supplies Maintenanco Total Operating Expense Administrativo Expense Salaries Supplies & Expenso Miscellaneous Maintenwnco City Offices Total Administrative Expenso' Tota.l Expense Incomo before Dop., Int., & Sink. ... Other Deductions Depreciation Plant & Equip. Interest on Bonds Sinking Fund Provision State Electrical Tax Total Othor Dudctions Net Income for Year 115570.11 6l859~6l 41~948.93 711.00 15052.06 17253.31 10937.04 2753.80 43999.67 2129.50 6579.08 1170.42 1198~12 1.5017.72 11883.56 1404.09 292 ~31 1016.42 . 29840.97 12690.00 4659.96 3518.25 EXHIBIT C , ) '. ",:.. ,..,.. 223089.65 45996.21 70094.52 14596.38 'I 269085.86 8~6~0~~0 18 ; 4. 6 ~OtO~.18 1 3 8 .78 , ", , \ ~ .. . I , . :,~ -".",.,~,... ",-', """,-." ,'~ i...:' >~>:~ .. , ' ':"" .. r , ,', ~ ~~-- , ,. .' , , ,~~~,~~~ill~~~l~~~~;{~o$'h\f.i~t':;<f!;<<I:J.,f,i~\!1~;>'\"~"'':'\"'>.Je,~o:pl'~'If,: , ';f'~ '" : , , ',:." :~'~<'~' ~',',; <. : .. ~ .. .' I . ., ,\ , ! . .- ','. . , . ~~::.'I~:"> ;-:':_': : :..~:1.".': ..'...;~:\f:. '''~.:'.' .,.. " ,r- ........ .. ~ .' .. ~ ~ A "\ :\ c, i 1 CITY OF TALLAHASSEE PROFIT AND LOSS STATE1mNT FISCAL YEAR ENDRD FEB. 28, 1937 Revenue 4~ 'IP 300,49.47 " I 1 Costs: Production Distribution Depreciation Diesel Engine Maintenance Depreciation Total Cost Gross Profit 76362.54 5719~87 20242.25 224~oo 4333.76 l06882~~ 19,467. on Sales !.,.. r I ,1" , j I <L .i , Overhead: Advertising & Office Automobi~e Insurance Bad Debts Taxes Total Overhead Net Profit on Interest on Net Income 20926~95 7726.83 6~OO~OO 75~o4 6 15.00 2~~2~.16 ~b 4~.tj9 ~b4~~:~~ i , r:, i' j". .1': 'f- I.:,' " 'I.' "I 'j .1 .1 , i ) ) I I ; Sales ~Meter Depos! ts Capital Expenditures Extensions , 2~660~11 ~~ 9 6-55 (', .: ,'.. ~. .. I.J '... . . .<:~... 1::.,;>" ' !";'.:,' ., other Deductions Donations General Fund Decorations Amortization Discount on Bonds 175000~OO 356.73 1161.00 1'765 7.~r3 EXHI BIT D ~~'.....-- -.. -...- .. ',[\Z/ " , /;i:h:>~:~;:~'i):.~,):{:;"',:,,;, ':" .re-- I " I, ;!.. "'. ... I - .. , j ! J I I I t I j , 'j' , I i , :.j' : J 1. , ( , i ! J " I .... I ". ' f , ! .. ." ,.. ::':' .~'.:' ,'. ",':":' i',' ,'.,' '. .".': , ;,;;:;;'/,.':\.;:,'.., ' ,.:, '.:' , ':' .,;,.,;,>;:..'. '.:".:"...,..'. ,y'..~;';!".:: .,,/),::;:,,;.,.\\ ::':,..i,i. '. " ,::,/:':',,;(:':;>; ',' . ". ,.c, ,"",' <,">:.. ,';,:: " , ',..' "':, i,,'>>"::/ "" .; , .,' :';., ',0" ",', :":"."',: ' ," ..... ,::':, ",;, , ,:', "?'" ~:. ~ ':_:'~ ~ ':' .' <,:::'; ;"'.":: ", ":':~. ,.f i ?'\/,~<;:: ., ,;: :'~t.' 'r:>', ';' ',.>:.: .:"',. . ,:.;,'~>. ,,-'" ',,:'," ", \;', :'':" ,'", \~;., .c ':'., < ", />':'; ':'. :." ~',:, " c." "."'.,,,,'::. ,,', . ." '.,.., J ,..: >: :,":; , :<:...X~>>:, " .,' :' / :,;' ;.:,/)f:.. ':) ;~\'" ;.:::";\;.:~: .<. .. ,t: ~;' :t?::;~~J~W8.~; >J; i{~:~i.\\N~i;f?!, " ,; .; ,; :;T:i\~:; >. i.,. \. :'~ ,.',' \~ '.... ,. . 'rI~*\'t:~;: '. '...., k:.,. ,: ~ :... ~.' '.: ,.., ""'4' r, ,', CITY OF JACKSONVILLE PROFIT AND LOSS STATF.1ffiNT l""EAR ENDING DECEMBER 31, 1936 Revenues Sa.~e of Current Less Robates and Allowances Net Rev. f~om sale of Current 'j:,esa Expense Profit from sale of 3,134,194.02 23.746.84 Curl'en t other Income: Bad Accts.Recovered Range Repairs Sundries Total othe~ Income Tota~ Income Other Deductions: Bad Accounts Reserve State Tax Accrued Bond Inte~o:llt Amort, Dredging Exp. Range Repair Expense Total Other Deductions Net Income Ratio Expense to Net Revenue ~i1owat Hours Output Detail of Expense , Production (Oper. & Maint.) Distribution tI 11 Utilization Expense CommercialOffice'Expense New Business Dept. General Expensos ... ___ ....Q(C....__ 3i625.30 11,282.31 39~ 6,000.00 43,750.86 53;112.50 4;250.00 13,824.58 3; 110; 44r/.18 1;077t726~74 2',032,720.44 , 15~302~99 2,048,023.43 '120.937.94 i,927,085.4~ . 35~ 117,319,000 453,958.35 367i645~48 25;737.33 108;832.98 57,061.96 . 64~490.64 1,077,726.74 EXHIBIT liE" ,\ Per- KWH . .024392 ~ 009097 """"52""'~' Il OJ. './.) .0~451.7 .003928 .002883 .000189 ';'001235 .000400 .000402 . 00909"{ · , ; ,'" : ,.' .' , :.".., " , , "':'~"" " , , , ,,' . "., ',' ,:, " ",' , :>~'" ~i';; ':',' ; ":, , ::.: .,' '.'~, ":' , , "', ':.' , <,:" ";',\' ;:'.: " '",;.:'~(,:; ~,:\I>',:,; > '.,', .'j;," '~ '''':''',''': ,i,{ ':,' " ,;:':',';:: \".': '. :,': .'.., '. ,'.. ""', :,. (~;\':f.;"? :>}"/", .",;, .. ' ,<:.,;-;;!:,~,;,,} ),;. ;..,.. , .,',...;. ,:<",,:. ,:,,:;,,;',';',','.' ,'" , ,....;,,>. ',,' "" ., ,'.:\/,",..:' ;";::,!:':.'i ::"....'?'; .:',,':': >, " ..> ::~"~\;-:,,,;/;~. '.:.,,';':":,' ;'; '<. .' . ., ':",:,(,.,,:;'::;~'i::.: ': ", ',...;'..; :,',' ,":;:'", ':.;.';r~':;/ ,~.:' t...'. ,.;,;'::',.,)',';;',:':;":. :': :,:~:" :''''',/'' i ,,'," ::;.::.."\.>,,:, c;, :~:~:;; ,\' .. ,:<,.dY;, , ';,'.'~\ : .' ',I '" :"......:',::,: "'" ,.:",.:: " ,...' I ! I I I " , ,'.,:: " " " .. . '; " . ~ :-~, : i'".'" , :.}",. ",,"'. ,'~::..,:,/; ,., ....;' " ',\'.. . ,::, ..:.... , ",::, .;-:.,,' '~" ',:,'.\','::n:( " " ,'. ":,::",',:, .:.\;, if:' .:::"i;:,;,(',\C'>J :;:, , . ';'" '\":" , : ,..., , ' ;':' ',{,"':'; '"'' ' ;:, ;"-:Y"'~';::'<':" .' ' :::"':::,\:,~i<::::i.'::: " ,.; : ' ',',. ' '" , "':, " ;!. '~.. . ,,' '..,',':..'.., : :-' ;./':';. ,..'" , ,'-.:::,~h~:{f;}' ...' ,., ','..-:i ;\',:"... "." r)' } ".~?~-:::r.' :;t\/":;,:",,, ", .",,':.~'..;: ,""::', . ','..;, '. i.":' .' :: :. :-;,:,~:;>:}\.; :-:'J;:!~-..' ,~, :. ;:: ".,;::' " ':r' (2 , ",.,:::,.~t. ..'. :",1 :' ,.;' '!/'t;:..',:"'.::":v ~,:,..." ,;';'",:,::,,'::/::', ;-,." ,,~ l":"',': .., ..; "';:',': C"";" ,":' J ',"," ),:,:;';,:.t:) ";, .:.' : .. (" i. i',,' ":)' .'; ,~ >;' :.::; ",;,:", <o1t..u:.o".i#>J.-;:'t!..s~~II;..'~ .....---......". , \ l ~ .... , '\ \. ii ;,;::; " \ :.- '., ' ::,,;.:.,, " ;.. '.. '", .. :.,,' , :,1;:.' ,,' ;"", ,;::,:: ;':,:' :-;:. ~, , ::".." ,:,;",:' , ; '. :" .' ::;',:, i'Y:: ie', -: '" , ",'", ,,", ;',:" C" .!' ::.i, :.. ~'. . ;<:";;; ~ '.) ~:' ; 'l' If j ;., J ?."t' , " . I 1'1 j, ~~J .. "::{ I . '1S . \ ~~~~'t;. '" ,.':,1 _. ~ . ,._.OJ.A ."'" IT I I "1- '-~ ~, .. .~ ........ -\ .... -. .::...,....."... A RESOLUTION AMENOn10 A .FORMER RESOLUTION PROVIDING FOR THE DELIVERY OF REFUNDING BONDS OF 1944 SERIES A. SERIES B, AND SF..RIES 0, OF THE CITY OF CLEARWATP:R. DATED JANUARY 1, 1944, IN EXOHANGE FOR RI- FUNDING BONDS ISSUE or JULY 1, 1936, SERIES At SERIES B, AND SERIES C, OF THE OITY OF CLEARWATER. WHEREAS, the Oity Oommission ot the City of 01ear- water on the fifth. , 1944, duly adopted a day ot -JO June resolution providing for the delivery of Refunding Bonds ot 1944 Series A, Series B, and Series C, of the City of Clearwater to the Oity Benk Farmers Trust Oompany of New York City as esorow agent, said bonds to be exchanged for refunding bonds at July 1, 1936; and WHEREAS, Seotion (a) of Seotion 2 of said resolution provided that "none of the new serial refunding bonos shall be exo,banged until all of the new term refunding bonds (maturing on July 1st, 19?9) have been exohanged;" and f < ~~EREAS, the City ot Clearwater has now been requested to emend and revise the said resolution in order to eliminate. the proviso above quoted, and is willing to oomply with this reques~; now, therefore, BE IT RESOLVED by the CitY' Commission ot the City ot Olearwater, Florida: Section 1. That the Resolution adopted by the Q, , f " '. ! . i I , i ! , . . ,. ,> ; ,..,t..." '1 , Oity Oommission on the . fifth 6 day or June ,1944 tor J" i: , , I, the deposit of refunding bonds ot 1944 with the City Bank Farmers Trust CompanY' ot New York City as esorow agent be and the same is hereby altered and amended by eliminating therefrom that part ot Subseotion (a) of Section 2 ot said resolution reading as follows: "PROVIDED, HOWEVER, THAT NONE OF THE NEVI SERIAL REFUNDL~ BONDS SHALL BE EXOHANGEDUNTIL ALL OF THE NEW TERM REFUNDINQBONDS (MATURING ON JULY ls~. 1979) 'EAVE BEEN EXCHANGED." Seotion 2. That trom and after the passage ot this ", ' ; ..!....., . :.., ~.,,; , . ~~. !,' . +:~ r: ~~ 1." r{' ot1944 tor retunding bonds ot, '." '.. " . . ' < , ~: . 'J."., . ~ \. ) .,. __ _v..;.,......_. , t .~ , , ~'" - - -" ' , . . I - , , " \ '. \. .' ";...' .' .' .' '-I... ~ * " ", ~ :. ,~ ( '.. .' , . , , ' "" J., :~z...~~;~...:y;1e .. ... ,t..... . u~"'.. r,'..: , I..,. .";. ":.<. ,. ~ ....r- ,. ~ . r- ,-- I .. , -,r .....",. .. - .. -, July 1, 1936, regardless ot whether the bonds so exohanged are Ter.m bonds or Serial Bonds. Seotion 3. The t 8 oertif1ed oopy ot this resolution be forwarded to Shields and Oompany, 44 Wall Street, New York Oity as refunding agent and to the Oity Bank Farmers Trust Oompany, New York City \ , \ 8S esorow agent. Seotion 4. That this Resolution sball be in full toroe and effect trom nnd atter its passage. This Resolution passed and adopted by the City Oommission or the City of Clearv/ater, Florida, this ?th day ot August, A. D. 1944. . . ,. . ,"" .. .- Gaoree R. Seavy Mayor- ommrsa1oner . Attests ; ! .. FraIk Oooley ---- ~lty Aud tor and Clerk , ...,.. , I, ,1 " .OITY SEAL* ;., i . I j .**********.* ) , I, f,: THIS IS TO CERTIFY that the above and :torego1ns 18 anexaot oopyof a Resolution passed by the City Co~s81on at the Cl~ ot Olearwater, Florida, at their regular meeting held the 21st day ot , i August, A. D. 1944. WITNESS my hand end the seal of the 01 t1 ot Clear- , , ," .,..~. water, Florida this th e 22nd day or Augus t 1944. .. ; , ~1tj Aud! tor and Clerk ;.',1 '. " , <: ,: - . . . . .' , ..',' '.. . ": '. >'. i:" ;,~;,:i}~~t~~;~)~j;t;J~~I)~{J I '" '0" :', ""'''\",'.\I'''l" """~" '", ,If.. , ftj,"': ~ \ ' . I'. " . '.' ....',' ',"" "t' t \ '..'. .. ~ .'. " .. ~ ." .. . ~ . ". ,'. :..,', " ':.... ~ '. I.>. : ., ~ i, . , -----...,... --_..~....... ~ I � � � u ,�� ..� , CITY COPaIl+lIIS�ION MII3UTES OF TFIP CITY OF CLEAR�"r`ATER IZOf2I�A, August 7th, 19�k4 � The City Commission of �che Ci$�p of Clearwater, Florida, met in regular session the evenin� oi August 7th, 19�4 at �:00 O+clock p.m. in the C?�y Hal7, N�ith �he following members present: • . Geor�e R. Seavy, rBayor-Commissioner Corcmiissioners: fIerbert Grice Je�se G. Smith Dan Z. Stc,utamire Sumner R. Lowe Absent: None: � � The meeting was duly called to order by Mayor Sea�r�y, and the minutes of the previous meeting were Z�ead 3nd approved, On the recommendation of City ?�2ana�er Hendrix the Commission withr,ut £or.mal vote approved aa�ed from the City oP Clearwater covering the Poll�wing described property: u 4 of NE� of Section 22, Township 29 South, Range 15. The deed being to the former owners cf this pro�erty who had deeded �iaE same to the City for cemetery property. r+Tr. Hendrir. pointed out to the City Gommission that tha propert�r, due to bein� so lotiv, co�d never be used for cemetery nurposeso Attorney J, �. SatteTfield appeared before the,Bnard and spoke �arieily in favor of the city taking adeauate steps to acauire the ownership of the Florida Po�ver CorporationTs system in Clearvaater at the eapiration of the present franchiss. 14qr. Satterfield handed each memher of the Bo^.rd a copy oP the financ�al report covering various cities �wnin� their own electric utilities either .�� completely or the distribution systEm only, This report bears date of September 7, 1937 and is attached to and made a part of these mintaes. The City Cozrnnission took no action in the matter. City Attorney Ralph R,ichards novr read to the Board for the second and third time Taxi Ordinance �500. It was moyed by h'Ir. Smith seconded b yl�1r. Lowe and earried that Ordinance number 500 be passed on its 2nd read�n�. I�'v,as moved by hSr, �mith, seconded by 2�.Tr. Zo�ve and carried that Ordinance number 500 te passed on its 3rd reading. Below and sst out elsewhere in these minu�es is a copy of Ordinanee �500. City At�orney Richards now read a resolution that proposed to change the names of two or th�ee streets rn the Hillcrest section. it w�s moved by Mr. �touta�ire, seconded by �r, Grice and carried that the resolutior, be a�opted, Set oub elsewhere in t�ese mi*�utes is a copy of t�is resolution. City n�anager Hendrix at this time askad the City Commission to relie�e him of his duties as acting chief of police and to appoint as Chi.ei" of Police J"ohn E. Swift. It was mo�ed by nir. Stoutama�re seconded by hir. Lowe and carried t�at John E. Swift be appointed Chief oi Police of the �ity o� Clearwater, It was moved by I�ir, �mith seconded by ��r. Lowe and carried ii�at a rssolution eovering the appropriation of funds under the Lan- h� Act for the city of Clearwater be a'�proved. This resolution cov- erzd a revised period i'rom 7/1/43 to 6/30/�5 and sho�=s money to b8 received from the Government as �23,638.00 and from the City of Clearrvater •,�p3;700.00. There being no further business to come before the Board the meeting was adjourned. .�, � r7 NIayor-Gomm ssioner c� C' �uditor and Cler 1 / ,� � �,�' � «�. r � b � �, � . . , ■ �. : n t�ES-0ZUTION , BE Ti R�SOZVED � THE CIT3.� OOTJl11'tZSSI0IV� OF T�, t,`.ITi OF CZF..ru'�;"f�TER, �'LORID�;; That fr�m and �after the passaga �z this kesalutien, • the names of certein streets i� thF City of Clearwater, F1�., be and the same are hEreby changed as follows: Nariva uircle to Jacaranda Circle. b:ariva R�ad to Farest �oad. Iiiarivs xvenue to ^Lucalyptus �venue. This.xe��liti�n passed and adopted by the �ity , Commission of th2 City of C1ear4vater, Florida, at its meeting,_ on the 7th day af �ugust, n.D. 191�1�. �ttest: City �:uditor and GTiexk. IvIay�r-C ummi s s i�ner � �. � � � � . � � Y � . . . � .�. . � . . � � . . A it�;OLU'1'I�I� APl:�+7I3Tt�f � l� I'u��T:Et R�,:�OLU'i"I:OP1 � i��tp'VIUI�T(� �'OR TFiiT. 77k:L2'f�RY 0: T�i'..FU7D�iv"C� $G�D3 �P' ",a44 SI+�t�n� :t�r u�RI�S H� AidD ��3I•;RT_F_1� G'� ii� �.'b3[' CZT"�' i7E� G�F�Fi.�?�,TP�2, nAT�'T3 �'ANUAE2Y l, 1944, �N �CI3A,N�E £�OR RE� P`UNDING BD�TDS ISSI7.E OI+ 3'iTI,Y l, 1936, �IItI��9 A, S�?�I:S H, ',I� aLRI�u (1� 0� TF� JTTY t?F . . . . l�i �+Z`s�i� t�F.�� a l'aS��l�`i5, �tha Gity Go�mission oi' the Ci�Cq of 0].ear- w�ter on i;ne fifth day af �une _, J_a�d, dtz?3r $do�atsd a rasolutian Frovidi:ng Por the dalivery oi Reftxn�iing Bonds of 1g44 Series �, uerias D, ttnc3 �es�ies C, oi tho City o� Clear,��s,ter to the �ity Banic �'arr�ers Trust Gom�any of New York G�.ty a� sscrow agent, sa�.d bonQs to be �xc��u�at� �or refund.in� bo�ds o� ,Tuly� 1, 193C�; �nci `�'+�R�'�i, uootion {a) o� Sac�ion 2 of said resalution pravicted �h.�^t "n�ne oi tho n�1v serial. raPundxng bon�a shal.l be exahan�ed unt�.l g11 0� the nets� term refunding bon�s �maturing on J'ul� 1st, T978) have b�4n exch$n�;eii; �r and �`x :�t EAS, �h� �:itg af �1c�ar,eiater has .n�tv bee� - �eq.uea�gci �o �zmend and revis� the oaid resdlution in order to e1i�i,nate the pr�Fiso abovo quoteci, a�d is tvil�.ing �o eom�ly v�i�li. th�s request; nov�, thereft�re, Bu IT RE50LV.Ef3 b� tho Ci,�y Ca�tis�ion oP the Cit� ai Clear�;ater, rlorida: Section 1. That the Resoi,u'�1.�n adop�ed "oy the City Commiasiou an tlie_ fiPth dag Qf �une ,I9��- for •t�e depo�it at refundin� bands of 1944 with the Ci'Gy' B�nk F'armsrs Trust Go�►vany o� tlew Yark Gi�ty� as escrow a�ent be and the aa�►s is ho�e�Y �1'�erQd End amonded by eTimi.natin� therefrom that part ofl �U�GL390'G�.fJi1 (a) ��' �ection 2 af saicl resolution xe�dir� as folla�a:; "t''itt�,VILlEL1, $OZ'�'�VZ�, �i.�T ?'JhN'u QF T� I��1o' SF�i'tIAZ R�rIJ��I3I1� B��I?S SHALL ��S �CHF,bT��I) ii7�T1IL ALL OF `f'�� Ni"v� 7'�'.l:R�� Rr.�'U'�i7lt�iG 33�NL`� ��'iiFiTUFiII�� O�i J'tTi,Y ls�, 1979 ) FzATtE B �r« ��;I�iN'C�Il). rc SQation 2. Thc�t rrora �n� gf'ter the pasae�e ef �his R�solutioni tha GiL•y B�nk Farauers Trust Compan,y as ea�row a�;en� may $�C��e $mY n� 'the ro�tuidin�� bonds o� 19�4 for rsfundiz�� bond.s af � �I ' �;:; �,�» ..-.-� a ��r ...�. .. �+` *� Cleaxtv�tor, Flor�.da septeinbor 7� 1.93'7 �onorr:tble City aonn.nissioners of tho City of Clearv�ra-�-er, Floridat Ger_tlemen e I hFu1d �au herev,rith financizl report ancl analysis o�' �.1 t1.Yp ov�r the atate made by AZr. Bouis, C•�ty rngineex, a�zd *nyso7,f, to eon= tact tao officials of c�itics oymi� thcir own eleci;ric ui:,a:li�zos, eitlzer coirpl��Lely or tho distributioi� s;T:�te��i or_�g, Thc cities of F1or�.da vrhich opor��to •Ghcir ot��n, eloc�Cr� c uti-- lit3.es are �s follor;rse (Thosc m�rltiod (�;) orrn distributior. s�stom onl�) . i:7_achua ia?ooro ��vcn Bartotv �leti+r Smyri�a Bcac� Busrs�ell �, No1�✓berry Dade City : Ocaia Fort Piercc Orla.n�o Fort i;ieade Polk City GAinesvillc Quincy Gr�c11 Cove Sprin�� Rivcr JLuzction F�'omes t ead S ebr ing J�cksonvillc St�rko Jacksonville Bcacr :, St. Gloud F�i�siz�ee Ta11a11assee Lake Helen Vero 8aucy. Lakeland ?�Iilli�tciz -� Leesburg �PJAuc?�ula LGke l��'orth Yan��eotown :: Mount Dora"% The citics actually visited wcrc thoso mo�t r.early the size of Clear�vater, with the exeeption oi Jacksonville, wl�.ich 1�� an out- standing record. ;' lhe cities visited v,rere Ocala, Gainesville, Tallahasaee, "<< r�` Jacksonville and Palatka. PalAtka �.pe5 not as yet ovm its electric •' ;�; utilit3, but has for some timo been c�r3eavoring to purchase their distribution system from thc Florida Pov�or and Light Company,' rur- thcr reference to thia situation tvi11 be m�.de later in the report. . 4 � e a t� � ,2� T a�ta,ch oxh3.b9.ts of, profit nncl 1o,s� statements of Oca1a, Exhib3� rr�rr� �.�inesville E;c.hibit '�C�', Tallahas�oe, Er,hibit f'D" and Jackson■rille, �xhibit "E;'. Theso �liorr izet profits for the last past fiscal year as i'ollovrs: 4calu w111,117o�r4 Ga.inesvillo 133,6�5,78 Tallalzas3ee 1�n,�J06.55 Sac�csonville; 1,92'7',0�35��'r9 The3c reports, togethor v�iti�, �up�ortii� data ti?:h.ich �,-rcrc ob- ta�.nec1, ;u�d a study of an economic repor� of Palatl{a 'r_crein re�erred to, ha ve boe�z thoroughly di�ested and rec�st in n form to slznvr a17 figures in compara�tive co1u�-n�s, ar_d to �l�oi•r clhat C1car�vater cou3d c�-- pec-L �.n '-rc ligrt o.f information gainod fro� the otlaer cities. This �omp�rl��n is �1�:otirn herewith as �xlzibit "�L" attacneci. 1!11 figures of unusual incorle have been elimirated, wncl a11 i�tems have been give?z full value, such a.a 7,os� of local tcx against a privatc ut�lity, full dopreci�tion, tahether shotrn on the cityT s stato�nen�t of� Profit and losu or not, rand i�ltcrest on tk�.e total vulue of. the uLi1�_ty, ratlier th�n rn the actual bonds outst�iding, together rrith am amount suffici�n-G to re�ire bonds to the total ualue of tlae utilit�r ?n thirty years. The fi�ures have been so� up in tl�.is manzler in order ta com�are them vaith poasible ekrnings of tlze Clear�r�t.r utility, t�rich trould, of cou.r�e, h�vo to be bon�,ed to ita iizll co�t i'rom the bc�irning. As tivill be seen from E=r,hibit °!�i", cach of thcse cit� es ot:�s considerably lesa thar_ tZie value oi the��, util3ties, aho�rir_g that they ha-ae rapidly retired -the original cost of acqu?rin� thenz, !� consex`vative csti.mato of the net proii�t, aiter d�ductir� a1•1 costs cxcept iizterest and sinkin� Iund .ior Cleart�rater, slzo��s N1G8,OO�,OG, Intor•o��t and sinkiil� fund vrould depend entirely on thc� cost of acquiring the ti�tility.' The figure ti°rould be ur_der y�6� per yr1,�00 of cost, or under ;v60, 0�0, even at a�1, OOG, GOO.OQ valuation, l�hicll of course is prepostcrously high. In mc.lny respects the most interes�ing pTace visitcd Z��as �the aity of PAlutka, tvlzich h�s a population of 6, 500, one-hali �f r-�hich is colorod. Their #'ranchise has the same provision �!s oure crrerepy the distribu�ion system may bo purchased by Arbitration, In their case the Fl>>ri.d�. Poti7er and Ligrt Corporatior_ ras flatly rcfused to recognize this provision oi thcir fr�nchise, and lzave so far frus= tratecl every move of thc city to force it9 recognition in the courts. Palat�€a employed a natianally recegnized firm of appraisal engineers to �ppraisc th� propert� and mal�e an ecoziomic report. The report vras briefly that tho' value of tl�,e clistributioi� sys �em oraned by the poti•rer company vras 5P83,000.00. Thof reported furthcr that tlze city should be ablc to es{;ablish a generatin� plan� and either pu=�ch.ase ar construct nc�f distribution system for a total cost of w30�,U�0.00, �'hey recommended furthcr thaL all i�ates 'be immediately redu�ed 25`a. TInfler this s�t-up, their net oper�ting profii� per yer�r taould be �;,56,580.00, which l�ould be an ampunt eufficient to take care of fiY?e principal and interest of bonds, of depreciation, of f'u.ture ycarlg ex'tensions of service, in 13 years, and haLo a surplus of over `w100,000.00 in c��h. � � a a ♦ p . �, ■ �� T h�va iiz nij� offico supporti_�F; dn:,;L c�f R11. �;11�s ir��'oim��Gi.oi1 a.�d shall bo �lad to ta�k to any o:i tize Cc?n�,ii^sio�� ceiico:��z�zin; a.t at �.ny timo. I•�4r. Bouis mado cer-�ain tecY�.�;icAl iizvcsti�at�un� �i� tla.e tris� r�rsch hc c:i11 ba in position to d?acuss tir�th {;l�o Cor.rnni��iar.. �nc�n c211ed upoi?. �jcspoc�G�nzl:i.0 �ubr.iitted, J. F. S��'�T�_.RL'IELD, CiL�r lluditer a1��. Clcrk. � � a��` 88 8� 8 8' 8' 8B' 8 �n �3 0 c�ay�. o0 0� 'o 0 0� oo�� o � �� v�� 1.-: o 0 0+7 0 0 0 0 0 o a� s� U, a� ��• r-I G� • O O O v O O cti cD O O f� ;cD 5.� Fi N -1� � 4 �� •w �' �. . ..w N Zi ��U Ui ,.�i VJ m W � co . 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L� N O L t� rI CO ri N LJl C�2 rl L U-t� f.J H N c�J rl r-I ri ' � ri �' c3 ri H � Ft N � i cd �-1 t0 O t() ri O CO O? i vy L] r-1 L r-I O O v'+ O:'_• r-i �- a a� ,� � c� co �� rn r� ct o w � o o c� o � � . m = �j r-I rn O� o C�l ts� N, c0 e� 07 co o � o � O o e� t� C/� N7 U� N t1� L tn 4f� CO cD ri c9 �.4 t!� O � ri O'� CO H t0 6)� O c0 tf� O�O tD � 6� �ts� c0 CO U7� � v'� �ry C�2 O� O H I--4 6� � �-I cD � OJ t� l� �� r-i c0 � O C'�i �� tt� �4 � . N� p. C, � c'J C�l- co ln N . o] CJ rl C�. t� r-I � [+� �� ri x �7 C�t C�i H f-i �4 r� �H � W � �-�l C'�i O CO L Ci 00 c0 G0 G� i- � CO . O. O O �- ,� O O C�3: � CJ u� a0 � �:� r� � cD �+ c+� O O � � � � � I ri O K) �+ � G� t+3 C�2 cD C0. H� � U L C�l � �cO �c3 � t. a �'�o� rn. �nc�o rn u� a'i b'� O 6� C�? O c4 CO Q rl lC) C� C12- L� L" CO G� '� rl O. � � c0 Ln: CV c0 O r-f CO C+ C� , 0� e7� O� KJ �� C� ~ O ri �-! t� cD C.Z N�� C�l O i-I �:Y +� G) C�! � C�2 ri I ri c+� O (-1 O � � " ` ��y (�j V r � .-. � U] � u �' �y. v] .}� O m�: �U 'LS N � •ri �0 � O c� o) �d �m �� r�i � m� •.-�F � � � �l�+ ��rl c3 � H � � -4� �U �. � rl • • +� "ti y:� a�". �• ,� ri N � --� -{� c3 ri rl. � W O ��ri G -F� �'. � tu �+ u7 r-1 ai U• F-� -F� rl R+•ri •t� O -i� •rf U ��C3 F:� W [p U N C/�. O�O D'� � c3 � a� `i •-, � tw W '��S �'3 H +' o � c�S -4� F.� . ��,' ,�-+ .^ � '� �}{ O N O `d � '�. 'h N o'u N O�7' � Fa � t'3 •rl � aS �'i rl f-i R v-I zS U cU cd H .1� •rl N O � L� ��1 N +% a' �' R� Fi � G1 4-I � ri P� N fY,� u �o a5 H W •rl O m h.,9 rI � �, U U � n cS Pa O U f-� N' t; c3 ri �rl �rl u1 ��• F+ rl O N N�W F-i •ri �I-� CS U r1 � . 'r� ar O � ,^S [d -I-� crl F-c 'U� '�'' •ri '�' i-I F�" Fi O Fi C� U� .I� -1� Cd U] Q.i.l� .� �'i fti' +� � ri ;? N Fi W•rl �'i O � -p O N N . �' •ri c;i . U� � . fA ,�. vl U' A!-i . H 'i�-^i V] t-� (� 'Z'i H Ul �= U �' � \ _ . d p V CITY OF OCALA P1�OPIT A1�iD LOSS STt1TEN�NT ocT. l, 1935 �o SEPT. 30, �.9�6 Gross Receipts: ` Ser vice 216327.:09 Deposits 8311.00 Sa1e Polea 3;00 Junk Copper 102:03 Fue1 Oil 207.00 Damagc to E. L. Polo 15,00 �Zeter Burnod :�0:00 service 6�6.75 225605•87 Gross Disbursements ' Labor 1528 .Ol Supplies & Re�airs L�.80�:91 Power Purchased 65201.Lj.0 State Utility Ta�: 2 51.}.1..77 F'�ae1 85$ , 5 j�. Light Refund 2,90 Ins�vrance 1602.66 Equipment ' Equipment a Ext. 29152.8? Y on linoleum 53�93 2 on truck 279.13 Ref��.d of Deposits 1�.668.31 121.�LE.$$.1�3 Realized Cash Proflts 1011].7.L�}. EXX&IIBZT B 1 + ( f Y "� CITY OF GATNESVILT,E PROFIT �IdD r OSS STATEP,ZENT FISCAL YEAH LTill1�D SEPT. 30, 1936 Revenuo Service to Con�umers Li�hts 115570.11 xeat 61859,6Z P ower 1-l�E948 • 93 Inspection Fees 711.�0 Total to Consumors ' Z230$�,�5 Service to n2unicipal & other units Streets 15052,06 UnlzJersity oi F1a. & Farm 17253. 1 ',�ater Plant 10937.01� Sales oi �Id Generators 2. 753.80 Total to others 11-599�•Zi Total Rcvenue 269pg5,$g Opera:ting �s.-pensq Fu.e1 oil �I-3999•6 ( Water 2129.50 Salaries (57��p� 7nsp ec tions 1170. �}2 Supplies 1198.12 PJ[aintenance 1.5�17,73 • Total Operating Expense 7009�1-•52 Administrativo Expense Salaries 1188�j .�6 Supplies & Expense 11{.O.Ij..�9 Miscellaneous 292;31 NIaintsnance City Offices 1016.1-}2 � Total Administrative Expensc 1G-596•38 Tota1 Eaepense $j�(� , IncomQ before Dep,,, Int., & Si�ik. 1 Other Deductions Deprociation PlAnt & Equip. 298t1-�•97 Interest on Bond9 12690.00 S� nking Fund Provision 1.�_659 .96 State Elect.r:i.cal Tax . 351$.25 Total Othcr Dudctions 50709e18 N�t Income i'or Year 1� , E�FTLBIT C f� . �;'� �� n f � ` C�TY OF TAL�AHASSEE PROFZT AND T,QS5 STATETJIE�IT FISCAL �.'EAR ENDED FEB. 28� 19�j'j Revenue y� 30031�.9.L1.7 O03't9 ^ ?roduction `j6362,5I�. Distribution 5719:87 Depreciation 2021}2 .25 Diesel Engine ' Maintenarxce 22�.. 00 Depreciation 1�.�33-.76 ' Total Cost 106882:1� Gross Profit on Sales � , Ovexhead: Aaver�ising & Oifice 2092b;;95 Automobile `j726.83 Insurance 65b0.00 Bad Debts l�.75 ; 01�, Taxes 6b1j.Q0 ' Total Overhead 27923.16 NeL Pxofit on Sales � Interest on A4eter Deposi'ts 91i.7.2 Net Income ,o Capit�l Fxnenditures Extensions 2 �590:17. 3 0 .5 Other Deductions ' Donations General F'�,u1d l � 5000; 00 Decorations 356,73 Amortization Discount on " Bonds 11j1a0D 5� • EXHIBIT D .hr • a �a � a a CTTY Ol� JACKSONVILLE PROFIT AND LOSS STATEMGNT • 'S:�AR ENDT.NG DEC�III3ER 31� 1936 Per KtNH P.ovenue� � Sa,le of Ctxrren� 3,134,1.54,02 Less Rek�a�es ancl • :qllowances 23,746.84 Not I�ev� :from sa7.e - • a:F Curre�t 3;110;44"l.18 ,024392 �ess Expense 1;077.,'726:74 ;00909'7 Profit from sale ofi Current 2,032,!720,44 00152:%� O�her Income: Bad �ccts.Recovered a;625,30 Range Ropa?rs 11,282.31. Sundries 395.38 Total other Income • 15•302;�J9 Total Income �`�pn�g p'2�og3 Qther Deductionso Bad Accounta Reserve 6;000�00 State Tax Accrued 43;750,86 Bond Interest 5u;112.50 Amort. Dredging Exp, 4;�50,00 Range Repair Expense 13,824,58 - Tota1 Other Deduc�ions -120;93'7.9� Ne.t Incorrie 1,927,085e49 .014517 Ratio Expense to Net Revenue •- 359 Kilorvat Hours Output 117,37.99000 Detaa.l of Expense • Production (Opero � �ilaint.) �53;958.35 .003928 Distx�ibr�tion " �' 36'7;645;48 ,002883 Util3.zation Expense 25;73'7,33 .p00189 Commercial Office Fxpense 108;832.98 ;Q01235 New Bu�iness Dept. 57;061.96 �000�00 Cene�al Exponses . 64•agpo64 .�Q�rG2 1,0'?7,726. 4 .009Q Y EYIi:CEIT '�E" '� eTu2p l, 19�6, xe�Ard].a�a af tvhether tha buztd� �o exa��ngacl �x�e ��rzn boa�ds itir Sex�ia7, Bona�. Section 3. ':�he�� a aer'�a�ie�d ao�ay o� this sesa5.ut3.on tse Porwarde�, �Go ahieZ�s �nd Corapany, 4Q, �a11 S�G�eo�C, �do�v Y�rle C3,ty �s xefundin� a�ent and to �ho �i�y Hank E�arm�z�� ru�t Oompanp, l�ie+,� �'Ark Ci�y as e�erov: a��nt„ 9a�s�i.on. 4o That this �tescsltztie+� ��a11 b� in i'u},]. �oro� a�� ei'�'eat frozu asta: a�tex its pass�e, This Resca.lu�Ga.o�. �assed and adnpted hy the Gity Coznmi,saion o±' the City af (7).��z��etex°a FSorir��., thi:s 7th day a� �u�ust$ A. I�. I9�4. Gear�e R�. 5eav � �ttest: �a�orRCamm ss3.3 ca�e� --�"-"" _,.,�...y.� �ran� ��olev G3ty �ud�tor �.ur3 �1drK � _ �__ �t2I?'�' ��kL'� . ��*�c�� Ti�a:� S.� '�0 �'�?TI�' that the abave aud #Y33.°egoing 3� an e�aat copy vf a Resol,utioa pa�sod �y tlz� C3.�3r Gommissiosz oP th� �i�y o�` fl].ear�a.t�rf I'1.or3da, at tii�ir re�uZn� mee�Gir�g he3.d t3�e 2�.�t day of Au�usi;, .�. D. 39�. C7I�li`�S mg haud �nc� �he �sal of ths C2'l'y oP �le�r- ws�er, �'�orida uhis th e 22z�ci day o� �i�gv� t 19��a �' C3:�g- Auditnz� and G].eric n