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HomeMy WebLinkAbout07-25-2005 Regular Meeting3598 STATE OF ALABAMA X COUNTY OF BALDWIN X The City Council, City of Fairhope, met in regular session at 5:30 p.m., Fairhope Municipal Complex Council Chamber, 161 North Section Street, Fairhope, Alabama 36532, on Monday, 25 Jules. Present were Council President Robert C. Gentle, Councilmembers: Debbie W. Quinn, Daniel Stankoski, Cecil Christenberry, and Michael A. Ford; Mayor Timothy M. Kant, City Attorney Marion E. Wynne, and City Clerk/Treasurer Geniece W. Johnson. No one was absent. There being a quorum present, Council President Gentle called the meeting to order. The Pledge of Allegiance was recited and Pastor Stan Weatherford, Pastor of Faith Baptist Church, gave the invocation. Councilmember Christenberry moved to approve minutes of the 11 July 2005, regular meeting. Seconded by Councilmember Quinn, motion passed unanimously by the following voice votes: AYE- Quinn, Stankoski, Christenberry, Ford, and Gentle. NAY -None. Mayor's Comments: Louis Braswell with Hand Arendall, Attorney at Law, addressed the City Council to report that Medicom Cable Services would like to renew their Franchise Agreement with the City of Fairhope. The Medicom Franchise Agreement will expire in 2008. The City of Fairhope is currently working on a Franchise Agreement and a Master Cable Service Regulatory Ordinance. Mayor Kant asked Geniece W. Johnson, City Clerk/Treasurer, to read the following letter from Investment Banker Bob Young with The Frazer Lanier Company and to read an e-mail from Perry Roquemore with the Alabama League of Municipalities Attorney. 3599 25 July 2005 THE FRAZER LANIER COMPANY INCORPORATED INVESTMENT BANKERS MEMORANDUM TO: Hon. Tim Kant, Mayor City of Fairhope FROM: Bob Young The Frazer Lanier Company DATE: July 22, 2005 RE: Library Project 07-25-05A09 : 4.g You have asked that I share with you my thoughts on financing proposals that are being considered by the City. Specifically, it is my understanding that there is a suggestion that the City commit for its portion of the construction and furnishing ($3,000,000), as well as that of other individuals and entities in the City. Here, it seems to me, the City is acting as creditor for those who are pledging funds over and above the City's $3,000,000 commitment. Tim, I believe that some reflection on the history of this project is helpful in putting this option into context. When we first began considering financings that included a participation in the Library, the rating agencies were told that the City had committed $1,500,000. The remaining monies, which at that time were projected to total approximately $1,500,000, were to come from citizens and entities in and around Fairhope. There was no discussion at this time of the City making any commitment other than its $1,500,000. Over the past year or so, the cost of the proposed Library has increased and during our last rating agency presentation to M oody's and Standard & Poors, you specifically told each of the agencies that the Council had voted to increase its commitment to a total of $3,000,000. You stated very clearly that this was the total commitment that the City was going to make and that a vote had been taken by the Council to capitate your commitment at that level. You described the proposed project, stating that it's costs would be greater than RCVD. 3600 July 25, 2005 Hon. Tim Kant, Mayor July 22, 2005 Page 2 $3,000,000, but those monies would be raised locally by the Library Board or friends thereof, and that the City would have no obligation over and above the $3,000,000. It is my understanding that the City has been approached by certain citizens, asking you to take out a loan, or guarantee a loan, in an amount sufficient to cover whatever costs are necessary to construct the Library and that these amounts exceed the $3,000,000 commitment that the City has made. You have asked that I share with you my thoughts on this request, considering the statements that you have made regarding previous Council actions. First of all, I am not aware of any of our clients that have essentially guaranteed the commitment of individuals for their pledge to a public project. We have had instances where Cities have committed for grants expected to be received from the Federal Government or from the State, but even those have been rare. In each case the Grant was known to be coining from the governmental entity and not subject to any failure to meet the commitment. When a City signs a note for individuals or entities who are non-gov ernmenta 1, they are essentially guaranteeing that commitment or lending their credit to a non -governmental entity. You have done this in assessment bonds, but you take a lein on the home / business and property. This plan is potentially a "slippery slope" as it sets a precedent for future requests. It is impossible to determine what effect, if any, that this will have as regards the rating agencies. Audits are required to be sent to the rating agencies annually and of course this commitment would have to be booked and I am sure your accountant will provide an explanatory note. In my opinion, this contradicts the statements that you made at Moody's and Standard & Poors and contradicts the resolutions that you told them had been adopted by the City. If the City either signs a note, or actually borrows funds to complete a project, the City's obligation will not be subject to failure of the City or Library Board receiving donations from pledging individuals. To the extent that the City has committed its resources to a note, it will be obligated to make those payments, irrespective of the success or failure of the fund-raising effort. This is not what was explained to the rating agencies. 3,601 25 July 2005 - Hon. Tina Kant, Mayor July 22, 2005 Page 3 I understand that you will be speaking to Perry Roquemore at the Alabama League of Municipalities. I can shed no light on the legality or lack thereof of such an arrangement, but I am sure that Perry can address.that. My response here is strictly limited to the comments that have been made directly to the rating agencies and the prec edent and concerns that this can cr eate for the C ity going forward. Should you have any questions please do not hesitate to call. RHY : mb Tim Kant From: Perry Roque more [perryr@alalm.org] Sent: Friday, July 22, 2005 3:13 PM 07-25-05A09.:-' To: Tim Kant �6 RCVD Subject: Re: Fairhope Library Project Tim: The City Council has to approve all .expenditures and makes the decisions as to how to raise the money. I do not know of a law which would prohibit a city council from awarding a contract and obligating the city to pay for the contract.. However, to rely on pledges that are unbinding, to pay for the project could be risky. If they don't come through; the city would be liable for the payments on the contract. Perry -_---, original Message ----- From: "Tim Kant" <Tim.Kant@Cofairhope.com> To: <perryr@alalm.org> Sent: Friday, July 22, 2005 12:03 PM Subject: Fairhope Library Project Perry, The City Council is considering new library. The Library Board pledges and promises to make up the contracts. This shortfall there any law prohibiting this? liability that the City should Thank you, Mayor Tim Kant City of Fairhope P. O. Box 429 Fairhope, AL 36533. 251-928-2136 tim.kant@cofairhope.com awarding additional contracts to.build our is asking the. City Council to,use their the shortfall of the monies needed to award' amount could. be as much as $1.8 million. Is In your professional opinion, is this a take on? 3 602 25 July 2005 Councilmember Stankoski introduced in writing and moved for the adoption of the following resolution, a resolution accepting the Fairhope Single Tax Corporation's $850,000.00 pledge for the new library project. Seconded by Councilmember Christenberry, motion passed unanimously. RESOLUTION NO. 1121-05 WHEREAS, during the month of May 2005 the Fairhope Single Tax Colony (FSTC) committed to pledge $850,000.00 in support of the new Fairhope Public Library; and, WHEREAS, FSTC and the City of Fairhope have agreed on certain conditions relating to the pledge which are set forth in the resolution; THEREFORE, BE IT RESOLVED BY THE GOVENING BODY OF THE CITY OF FAIRHOPE, that the City of Fairhope gratefully expresses it appreciation for the $850,000.00 to be contributed by FSTC and agrees to the following conditions: I . The name of the library facility will be the "Fairhope Public Library." 2. A prominent area such as a reading room will be set aside in the library for Fairhope Single Tax Colony to display Fairhope Single Tax colony reading materials. 3. As long as the Fairhope Public Library is operating on the site, the entire block will be used only for public use or governmental use. Such as may included use by governmental agencies and bodies that have as their purpose the operation of schools, hospitals, and other public facilities. However, the cottage portion of the block, located at 9 North School Street, is hereby excluded from this condition inasmuch as it is currently be leased by the Center for the Writing Arts, Inc., for a nominal amount and may be made available to other non-profit groups for organizations. Adopted this the 25th day of Jules, 2005. Kant; Mayor Attest: eniece W. Johnson, C er Treasurer �603 25 July 2005 Councilmember Quinn introduced in writing and moved for the adoption of the following resolution, a resolution authorizing Mayor Kant and Geniece W. Johnson, City Clerk/Treasurer, to negotiate rates with the local banks for a $1.5 million construction loan for the new Library Project. Seconded by Councilmember Christenberry, motion passed unanimously. RESOLUTION NO.1122-05 BE IT RESOLVED BY THE GOVERNING BODY OF THE CITYOF FAIHOPE, that Mayor Timothy M. Kant and Geniece W. Johnson, City Clerk/Treasurer, are hereby authorized to negotiate rates with the local banks for a construction loan in the amount of One Million Five Hundred Thousand ($1,500,000.00), to be used as needed for construction of the new Fairhope Public Library Project. Adopted this the 25th day of July , 2005. Attest: Geniece W. Johnson, Ci erk/Treasurer Councilmember Quinn introduced in writing and moved for the adoption of the following resolution, a resolution authorizing Mayor Kant to amend the original contract (Resolution I — Amendment # 1) awarding Alternate 1, 2, 3, and 4 of the new Library Project. Seconded by Councilmember Christenberry. Councilmember Ford pointed out that there is only street parking and that no parking lot would be in the rear of the new library, and the library does not have reserved parking spaces. Councilmember Ford inquired of Tim Rosson, Bank President of Compass Bank, as to why not have the citizens to back the additional monies needed for this project. Mr. Rosson stated that asking the citizens to back the monies for a loan would be asinine. Mayor Kant expressed that he was in favor of a new library and that we needed a new library, but he was uncomfortable signing a contract to award the alternates for the new library project that the City did not have cash for. Mayor Kant also expressed that the City's Investment Banker, Attorney from the League, and Staff has advised 3604 25 July 2005 him to not sign a contract that we do not have cash for, and that the City Council will need to appoint two Councilmembers to sign this contract amendment. Councilmember Christenberry expressed that the numbers are adding up for this project and that the City was in financial crises whether we admit it or not. There are a lot of things coming down the pike. Councilmember Christenberry further stated that the City Council has an opportunity to do something different here, and he did not have a problem signing a contract amendment. Geniece W. Johnson, City Clerk/Treasurer, pointed out that the awarding of this contract excludes the FF&E and Upstairs. The motion passed by the following voice votes: AYE: Quinn, Stankoski, Christenberry, and Gentle. NAY -Ford. RESOLUTION I NO.1123-05 WHEREAS, the funds available through construction (June/July 06) for the new Library Project are: City of Fairhope $3,000,000.00 Library Board Cash $1,551,138.00 (includes 1st FSTC $250K) 2005 Pledges $ 807,500.00 (includes $250 K "accelerated: pledge) 2006 Pledues $ 571.000.00 (excludes $100 K Friends FF&E Dledue) TOTAL Thru Const. $5,929,938.00 WHEREAS, costs through construction (June/July 06; excludes FF&E) 2. Base Bid $3,969,000.00 A/E/Testing 454,000.00 Elec./Watermeter 32,000.00 1. Alternate 1 (Sitework) 246,000.00 (original amount) 2. Alternate 2 (Impact Glazing) 48,000.00 3. Alternate 3 (Reading Room) 890,000.00 4. Alternate 4 (Children's Wing) 412,000.00 5. Subtotal $6,051,000.00 6. VE goals $ (175,000.00) 7. TOTAL COST RESOLUTION I $5,876,000.00 8. TOTAL FUNDS RESOLUTION 1 $5,929,938.00 9. Difference/excess $ 53,938.00 (Available for interest or contingency) BE IT RESOLVED BY THE GOVERNING BODY OF THE CITYOF FAIHOPE, that Mayor Timothy M. Kant is hereby authorized to sign a contract amendment (Resolution I) awarding Alternate 1, 2, 3, and 4 of the new Library Project. Adopted this the 25th day of July 2005. othy . Kant; Mayor Attest: Gemece W. Johnson, rty rk/Treasurer 360 -5 25 July 2005 Councilmember Quinn moved to authorize Council President Gentle and Councilmember Christenberry to sign the contract amendment awarding Alternates 1,2,3, and 4. Seconded by Councilmember Christenberry, motion passed unanimously by voice vote. Councilmember Stankoski expressed that he thinks the pledges are going to be good, and he would consider putting a cap of $400,000.00 on the bridge loan. Councilmember Quinn introduced in writing, and moved for the adoption of the following resolution, a resolution authorizing Mayor Kant to sign a contract amendment (Resolution II) awarding Alternate 5 and 6 of the new Library Project, and moved to place a cap of $400,000.00 on a bridge loan if and when a bridge loan is needed, and that this contract amendment excludes the FF&E and upstairs. Seconded by Councilmember Stankoski, motion passed by the following voice votes: AYE- Quinn, Stankoski, Christenberry, and Gentle. NAY -Ford. RESOLUTION II NO. 1124-05 WHEREAS, the funds available through end of Pledge Period (2008): City of Fairhope $3,000,000.00 Library Board Cash $3,417,800.00 Total $6,417,800.00 WHEREAS, costs through end of pledge period; excludes FF&E Resolution I $5,876,000.00 1. Alternate 5 (Multipurpose Room $ 195,000.00 2. Alternate 2 (North Wing) 275,000.00 3. Subtotal $6,346,000.00 6. VE goals $ ( 25 000.00 7. TOTAL COST RESOLUTION 2 $6,321,000.00 8. TOTAL FUNDS RESOLUTION 2 $6,417,800.00 9. Difference/excess $ 96,800.00 (Available for interest or contingency) BE IT RESOLVED BY THE GOVERNING BODY OF THE CITYOF FAIHOPE, that Mayor Timothy M. Kant is hereby authorized to sign a contract amendment (Resolution I) awarding Alternate Sand 6 of the new Library Project. Adopted this the 25th day of July , 2005. Attest: Geniece W. Johnson, IffiTy C k/Treasurer t 1M i othy M. t ant, Mayor 3606 25 July 2005 Councilmember Quinn moved to authorize Council President Gentle and Councilmember Christenberry to sign the contract amendment awarding Alternates 5 and 6. Seconded by Councilmember Christenberry, motion passed unanimously by voice vote. Councilmember Ford introduced in writing Ordinance No. 1257, an ordinance annexing property of Duck Duck Goose, Inc, Kathleen C. Corte President, located on the South side of County Road 44 East of Greeno Road next to Colony Place. Contains 32.65 acres more or less. 46-08-28-0-000-001.004 and 46-08-28-0-000- 003.000. Summer Lake Phase. In order to take immediate action Councilmember Quinn moved for immediate consideration. Seconded by Councilmember Christenberry, motion for immediate consideration passed unanimously by the following voice votes: AYE -Quinn, Stankoski, Christenberry, Ford, and Gentle. NAY -none. Councilmember Quinn then moved for final adoption of Ordinance No. 1257. Seconded by Councilmember Stankoski, motion for final adoption passed unanimously by the following voice vote: AYE- Quinn, Stankoski, Christenberry, Ford and Gentle. NAY -None. Councilmember Christenberry introduced in writing Ordinance No. 1258, an ordinance annexing property of BA- 101, LLC, John G. Avent, Manager and BA- 101 LLC, Kevin G. Boone, Manager, located on the South side of County Road 44 East of Greeno Road next to Colony Place. Contains 17.90 acres more or less. 46-08-28-0- 000-001.004 Summer Lake Phase II. In order to take immediate action Councilmember Quinn moved for immediate consideration. Seconded by Councilmember Christenberry, motion for immediate consideration passed unanimously by the following voice votes: AYE -Quinn, Stankoski, Christenberry, Ford, and Gentle. NAY -none. Councilmember Quinn then moved for final adoption of Ordinance No. 1258. Seconded by Councilmember Stankoski, motion for final adoption passed unanimously by the following voice vote: AYE- Quinn, Stankoski, Christenberry, Ford and Gentle. NAY- None. Councilmember Ford introduced in writing Ordinance No. 1259, an ordinance annexing property of YIA Development, LLC, James A. Yance, Jr., Manager and YIA Development, LLC, Richard D. Inge, Manager, located North of County Road 44 between County Road 13 and Thompson Hall Road and boarders South of Hunters Glenn Subdivision Unit II. Contains 58.47 acres more or less. 46-05-22-0-000- 001.579 Sed efg field. In order to take immediate action Councilmember Quinn moved for immediate consideration. Seconded by Councilmember Christenberry, motion for immediate consideration passed unanimously by the following voice votes: AYE - Quinn, Stankoski, Christenberry, Ford, and Gentle. NAY -none. Councilmember Christenberry then moved for final adoption of Ordinance No. 1259. Seconded by Councilmember Quinn, motion for final adoption passed unanimously by the following voice vote: AYE- Quinn, Stankoski, Christenberry, Ford and Gentle. NAY- None. 3607 25 July 2005 Councilmember Quinn introduced in writing Ordinance No. 1260, an ordinance annexing property of Hollowbrook, LLC, Clarence E. Burke, Jr., President, located at the intersection of Highway 104 and State Highway 181 (formerly known as County Road 27). Contains 26.07 acres more or less. 46-02-10-0-000-030.000 and 46-02-10-0-000-030.003 Hollowbrook Phase II and III. In order to take immediate action Councilmember Christenberry moved for immediate consideration. Seconded by Councilmember Quinn, motion for immediate consideration passed unanimously by the following voice votes: AYE -Quinn, Stankoski, Christenberry, Ford, and Gentle. NAY -none. Councilmember Christenberry then moved for final adoption of Ordinance No. 1260. Seconded by Councilmember Quinn, motion for final adoption passed unanimously by the following voice vote: AYE- Quinn, Stankoski, Christenberry, Ford and Gentle. NAY- None. Councilmember Quinn introduced in writing Ordinance No. 1261, an ordinance annexing property of Scott B. Lambert and Katrina B. Lambert, located at 11014 Lawrence Road Extension. Contains 1.10 acres more or less 46-06-24-0-000- 023.002. In order to take immediate action Councilmember Ford moved for immediate consideration. Seconded by Councilmember Quinn, motion for immediate consideration passed unanimously by the following voice votes: AYE -Quinn, Stankoski, Christenberry, Ford, and Gentle. NAY -none. Councilmember Quinn then moved for final adoption of Ordinance No. 1261. Seconded by Councilmember Stankoski, motion for final adoption passed unanimously by the following voice vote: AYE- Quinn, Stankoski, Christenberry, Ford and Gentle. NAY- None. Councilmember Ford introduced in writing and moved for the adoption of the following resolution, a resolution accepting the public streets, public right-of-way, and all of Fairhope's public utilities within Pecan Ridge Subdivision for maintenance. Seconded by Councilmember Christenberry, motion passed unanimously. RESOLUTION NO. 1225-05 WHEREAS, the Owners of Pecan Ridge Subdivision desire to have all public streets and public right- of-ways dedicated on the plat filed for record in the Probate Records of Baldwin County, Alabama, on Slide S-2218C, and all Fairhope public utilities located in public right-of-ways accepted for maintenance by the City of Fairhope, Alabama, and; WHEREAS, the City of Fairhope, Alabama, has received notice from the engineers of the project that the design and capacity of the public improvements have been designed in conformance with City requirements as indicated on the recorded plat, and; WHEREAS, the General Superintendent has indicated that the improvements meet City requirements, and; WHEREAS, the City of Fairhope, Alabama, is not and in no manner will be responsible for the maintenance of common areas in the subdivision as indicated on the recorded plat, and; WHEREAS, the City of Fairhope, Alabama, has received from the owners of Pecan Ridge Subdivision maintenance bonds for the public improvements constructed for a period of 2 years from the date of the approval of this Resolution, and; 25 July 2005 NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAIRHOPE, ALABAMA, that the public improvements indicated herein for Pecan Ridge Subdivision are hereby accepted for public maintenance subject to the bond posted. Adopted, this 25TH day of JULY , 2005 Attest: Geniece W. Johnson, City er reasurer c "") L':sz— (.Tjdothy I Kant, Mayor Councilmember Ford introduced in writing and moved for the adoption of the following resolution, a resolution authorizing compensation for salaried employees during city declared emergencies. Seconded by Councilmember Quinn, motion passed unanimously by voice vote. RESOLUTION NO. 1226-05 A RESOLUTION AUTHORIZING COMPENSATON FOR SALARIED EMPLOYEES DURING CITY DECLARED EMERGENCIES Section 1. Whereas, in the event of a declared emergency affecting the City of Fairhope, Fairhope, Alabama, the Mayor shall hereby be authorized to utilize salaried employees to aid the City. The approved salaried employees shall receive additional compensation at the rate of one and one-half (1 ''/2) their "calculated hourly wage" for each hour worked in excess of 40 hours per week. "Calculated hourly wage" shall be determined by dividing the salaried employee's annual salary by 2,080. Section 2. Whereas, any resolution heretofore adopted by the City Council of the City of Fairhope, Fairhope, Alabama, which is in conflict with this Resolution is hereby repealed to the extent of such conflict. Section 3. If any part, section or subdivision of the Resolution shall be held unconstitutional or invalid for any reason, such holding shall not be construed to invalidate or impair the remainder of this Resolution, which shall continue in full force and effect notwithstanding such holding. Section 4. This Resolution shall become effective immediately upon its adoption. ADOPTED AND APPROVED this the 251h day of July' 2005.� T' othy M Kant, ayor ATTEST: _ lNY Geniece W. Johnson, City erk/Treasurer 3609 25 July 2005 City Council reviewed an application for Restaurant Liquor License by Thomas Kevin Layton dba, Cafe 501, located at 10 %2 North Section Street, Fairhope, Alabama. Councilmember Quinn moved to approve the issuance of the license. Seconded by Councilmember Christenberry, motion passed unanimously by voice vote. Councilmember Ford moved to update the Fairhope Police Reserve Roster by removing Eric Hayes and Jessica Wilson and by adding Doug James Proctor, Glen MacLean, Brian Kenneth Payne, John Anthony Morgan and Ronald Anthony Avera. Seconded by Councilmember Stankoski, motion passed unanimously by voice vote. W. B. Bennett, CEO of Metro Cable Inc., was not present to present his request of a television franchise agreement with the City of Fairhope. Councilmember Ford introduced in writing and moved for the adoption of the following resolution, a resolution to revise Section 8 of the Certificate of Reincorporation of Fairhope Airport Authority, Inc. by making the following modification. Seconded by Councilmember Stankoski, motion passed unanimously by voice vote. RESOLUTION NO. 1227-05 BE IT RESOLVED BY THE GOVERNING BODY OF THE CITYOF FAIRHOPE, that the Certificate of Reincorporation of Fairhope Airport Authority, Inc., Section 8 is herby amended to the following: The Board of Directors of the Authority shall consist of seven (7) members who shall be elected in the manner and for term of office as provided by law, at least five of whom shall reside in the City and all of whom shall reside in the Fairhope Police Jurisdiction. ADOPTED AND APPROVED this the 251h day of July' 2005. hr• dothy . Kant, Mayor ATTEST: G niece W. Johnson, Ci Treasurer 3610 25 July 2005 Councilmember Ford moved to appoint Ken Knutsen to the Fairhope Airport Authority Inc. for a term of two (2) years. Mr. Knutsen will replace Colton Coile. Mr. Coile will replace Susan Mason (resigned). Seconded by Councilmember Christenberry, motion passed unanimously by voice vote. Councilmember Ford moved to receive a $5,000.00 appropriation from the Baldwin County Commission. This appropriation will be split evenly between the City of Fairhope Recreation Department's Youth Baseball Minor League Team ($2,500.00) and City of Fairhope Recreation Department's Youth Baseball Major League Team ($2,500.00) which will be representing the City of Fairhope and Baldwin County during the Alabama State Youth Baseball Tournament, July 22-28, 2005, in Dothan, Alabama. Seconded by Councilmember Christenberry, motion passed unanimously by voice vote. Sean Harris, President of the Fairhope Youth Football addressed the City Council requesting that the City Council consider in their 5-year plan, in the budget, to build a youth football complex. The City would have to purchase approximately 10 acres to build a Football Complex facility. Councilmember Ford stated that the City had land that was given to the City by the FSTC, but this land was given back to the FSTC for improvements. The softball field at Stimpson Field would be moved to the new facility and tennis courts would be relocated from Volanta Ball Park to the Stimpson Field site. Councilmember Ford also stated that there are several other outfits asking for monies to improve the Recreation Department. We are proud of the Recreation facilities but we do need improvements, and the long-term approach with regard to the Recreation Department is all about the kids. Bid — Electric Department — Voltage Regulator that was damaged by a severe electrical storm on July 2, 2005. August 15, 2005 Subject: Lightning Damage- Fairhope Avenue Sub Station Because of the type of equipment that was damaged by lightning at the Fairhope Avenue Sub -Station, Aaron Norris has advised me that the equipment is proprietary and must be identical to equipment already in place at the Fairhope Avenue Sub -station. Equipment to be replaces is: Quantity of one (1) Siemens type JFR single-phase Voltage Regulators to provide +/- 10% regulation in 32 steps of 5/8% each. Equipment rated at 416Kva, 7620 volts, 548 amps, 951V BO% 55 deg C, 60 Hz. Catalog No: 10-07.6-416.3 Cost of Regulator: $10,862.00 Wayne Smith, Purchasing Agent 3611 25 July 2005 Wayne Smith, Purchasing Agent, stated that this item was not bided because this is the only company that could provide this equipment for the City of Fairhope's Fairhope Avenue Substation. Councilmember Quinn moved to approve the purchase. Seconded by Councilmember Christenberry, motion passed unanimously by voice vote. There being no further business to come before the City Council the meeting was duly adjourned at 7:03p.m. Robert C. Gentle, Council President