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Council approves readings on water/sewer rates, lease-purchase financing, West Oakland plan and property-sale first readings
Summary
The Sumter City Council unanimously approved a first reading to amend five-year water and sewer rates, carried final reading for the West Oakland Avenue zoning request, approved redline amendments and final reading for Ordinance 29-2 (a five-year lease purchase with a 3.76% interest rate), and carried first readings authorizing sales or leases of NIP and other city-owned properties. A brief executive session was held; no action resulted.
The Sumter City Council took multiple formal actions at its meeting, approving readings and motions on utility rates, a lease-purchase financing package, a zoning final reading and several property-sale first readings.
Minutes and procedural votes: The council approved the March 17 regular meeting minutes (Gibson moved; Kennedy seconded) with no recorded opposition.
Water and sewer rates (Item 2): Mr. Cornett presented a five-year study recommending rate amendments effective July 1 for the next five years to maintain capital investment and bond covenants. Council moved to consider first reading and, after a motion and second, the first reading carried unanimously (transcript records the motion as "HD moves" with a second and unanimous voice vote).
West Oakland Avenue (PD-26-01-2640): Staff reported no changes since first reading and recommended approval. Council moved for final reading (Shaw moved; Glass seconded) and the final reading carried unanimously.
Ordinance 29-2 lease purchase (Item 4): Bond counsel Theo Vose described redline amendments requested by lender counsel and identified the contract award to Webster Public Finance Corporation (a Webster Bank subsidiary). He said the financing is a five-year loan at 3.76% interest with monthly payments a little over $45,000 and listed leased equipment (including a fire truck). Council approved the redline amendments (Shaw moved; Hasty seconded) and then approved final reading; both votes were recorded as unanimous. Bond counsel said staff expects to close the financing next week.
Property sales (Item 6): Council considered first readings authorizing sale or lease of three NIP parcels (President Street and Broad Street locations) intended for new home construction, and a separate ordinance for other city-owned properties (Broad, Liberty, South Main, South Park). Council moved and first readings carried unanimously.
Executive session and adjournment: The council entered a brief executive session on contractual matters, property, personnel and minutes; after returning to open session the chair said the executive session was informational and no action would be taken. Council then adjourned.
All recorded votes in the transcript were voice votes and described as unanimous; no roll-call tallies were provided in the transcript.
