City Council 10-4-2011.pdf - The City of Titusville, Florida
City Council 10-4-2011.pdf - The City of Titusville, Florida
City Council 10-4-2011.pdf - The City of Titusville, Florida
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(Section) No. 6 A, and the amendment in Section No. 6 E, “<strong>The</strong> economic development<br />
staff <strong>of</strong> the <strong>City</strong>, as designated by the <strong>City</strong> Manager, shall serve,,,”, and the <strong>City</strong> staff will<br />
receive compensation from the County as the funds picked up.<br />
Member Burson believed that Member Pritchett meant to use the words “may serve” in<br />
Section No. 6 E. <strong>of</strong> her motion.<br />
<strong>City</strong> Attorney Broome advised that he believed Member Pritchett intended to use the<br />
word, “may”.<br />
Mayor Tulley advised that he believed Member Pritchett did use the word “may”.<br />
Vice-Mayor Johnson seconded the motion.<br />
Member Long asked whether <strong>City</strong> Attorney Broome could <strong>of</strong>fer a language change<br />
suggestion to Section No. 4 that would permit the <strong>City</strong> to have the option whether it<br />
would transfer TIF funds to the trust fund.<br />
Under Section No. 4, in the first sentence, <strong>City</strong> Attorney Broome <strong>of</strong>fered, “<strong>The</strong> <strong>City</strong><br />
agrees to annually review and approve the District’s budget concerning the expenditure<br />
<strong>of</strong> <strong>City</strong> funds and transfer for deposit into the <strong>City</strong> Account that portion <strong>of</strong> the dedicated<br />
increment value <strong>of</strong> ad valorem taxes determined under the <strong>City</strong> tax increment ordinance<br />
as approved by the <strong>City</strong>.”<br />
Member Long asked whether Member Pritchett would accept a friendly amendment to<br />
the motion on the floor that provided that annually, the <strong>City</strong> would have a decision in the<br />
TIF funds that would be transferred.<br />
Member Pritchett declined the friendly amendment requested by Member Long.<br />
Member Burson clarified how the trust fund would be organized and used according to<br />
the terms in the proposed interlocal agreement.<br />
Vice-Mayor Johnson read aloud Section No. 3; paragraph No. 2 in the proposed<br />
agreement, which he believed would provide comfort to the <strong>Council</strong>. <strong>The</strong> language<br />
provided the <strong>City</strong> would have control <strong>of</strong> its funds.<br />
Mayor Tulley advised that the County would provide more funds than the <strong>City</strong> and he<br />
was comfortable with the controls <strong>of</strong> the agreement, based on the motion made by<br />
Member Pritchett.<br />
Member Long advised that she would vote no on the pending motion due to she felt the<br />
<strong>City</strong> did not have enough experience in making these types <strong>of</strong> agreements, there was no<br />
plan, the Board was not yet established, there could be bonding and liability issues,<br />
staff’s time would be required, etc.