1968 - 07-01-68 Regular Meeting - Laserfiche WebLink

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BOOK 7, PACE 23 2 WHEREAS, the bond order entitled "Bond Order authorizing the issuance of $5, 000, 000 School Bonds of the County of. Lee, introduced at the meeting of the Board of Commissioners held on June 3, 1968, has been duly published with notice of hearing thereon and the Board of Commissioners has, at the time and place specified in such notice of hearing, heard any and all citizens and taxpayers who desired to protest against the issuance of the bonds, and such hearing has been closed; and WHEREAS, the County Accountant has, by direction of the Board of Commissioners filed in the office of the Clerk of the Board of Commissioners a statement of debt incurred and to be incurred for school purposes under bond orders either intro- duced or passed, complying with the provisions of the County Finance Act, and such statement so filed shows that the net in- debtedness of the County for school purposes is 6.84% of the assessed valuation of property in said County as last fixed for County taxation; and WHEREAS, the County of Lee, prior to July 1, 1936, assumed all indebtedness, then outstanding, for school purposes of every city, town school district, school taxing district, town- ship or other political subdivision within said County, and has paid all such indebtedness so assumed which has become due and payable and, by reason of the assumption of such indebtedness, the County may incur indebtedness for school purposes to an amount which does not exceed 870 of the assessed valuation of taxable property as shown by said statement, NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the County of Lee as follows: (1) The bond order entitled "Bond Order authorizing the issuance of $5, 000, 000 School Bonds of the County of Lee", introduced at the meeting of the Board of Commissioners held on June 3, 1968, is hereby adopted without change or amendment. (2) The Clerk of the Board of Commissioners is hereby directed to cause a copy of said bond order to be published with the statement as to its adoption prescribed by The County Finance Act in the Sanford Daily Herald, a newspaper published in Sanford, in sd d County, and such publication shall be made in the manner prescribed by The County Finance Act. The motion having been duly seconded by Commissioner Wicker, it was unanimously adopted. The Chairman recognized Mr. B. T. Brooks, Superintendent of Lee County Board of Education and Mr. J. F. Hockaday, Superintendent of the City Board of Education, who were appearing before the Board relative to the disposition of surplus monies collected in the tax levy for the fiscal year ending June 20, 1968. Each of the Superintendents stated that their budgetary request for the current fiscal year were based on utilizing these surplus funds in maintenance of the plant and if their request for the current year were reduced by the amount of the surplus from the previous fiscal year, they would not have adequate funds to properly operate their programs for the current fiscal year. The Board advised each of the Superintendents that their requests would be considered in the adoption of the final budget. Page two