Board of County Commissioners Regular Meeting Thursday, June 2, 2016 5:30 P.M. School Board Administrative Complex

Refunding of the County’s Capital Improvement Revenue Bond, S Series 2008A Bank Loan

Refunding of the County’s Capital Improvement Revenue Bond, S Series 2008A Bank Loan Columbia First Pinnacle Ameris Bank BB&T Bank City Bank Chase Bank Bank Federal Bank Hancock Bank TD Bank Refunding Proceeds 3,345,890.38 Sinking Funds from 2008A loan (59,969.42) City's Expenses 25,500.00 Bank's Expenses 5,000.00 6,000.00 5,500.00 10,800.00 3,949.00 4,500.00 4,000.00 Loan Amount 3,316,420.96 3,317,420.96 3,316,920.96 3,322,220.96 3,315,369.96 3,315,920.96 3,315,420.96 Fixed Interest Rate 1.94% 1.92% 2.60% 1.83% 1.72% 1.75% 1.80% 2.11% Prepayment Provision anytime pmt date no penalty 1% penalty Final Maturity 11 yrs, 22 days Total Debt Service 3,678,955.43 3,675,086.41 3,809,315.01 3,658,263.35 3,642,930.90 3,641,151.17 3,651,376.84 3,711,952.13 3,677,841.37 Total Savings 180,848.25 184,717.27 50,488.67 201,540.33 216,872.78 218,652.51 208,979.96 147,851.55 181,962.31 Average annual savings 16,004.00 16,352.00 4,275.00 17,865.00 19,239.00 19,406.00 18,485.00 13,036.00 16,105.00 Net Present Value Savings 162,727.82 166,381.64 44,089.63 182,390.02 197,414.90 198,706.54 188,917.00 131,884.45 163,727.75 NPV/refunded principal 4.89% 5.00% 1.33% 5.48% 5.93% 5.97% 5.68% 3.96% 4.92%

Refunding of the County’s Capital Improvement Revenue Bond, S Series 2008A Bank Loan Recommended Motion: Accept Proposal from First Federal Bank for the Refunding of 2008A Capital Improvement Bonds

Refunding of the County’s Capital Improvement Revenue Bond, S Series 2008A Bank Loan Resolution No. 2016R-11 Resolution No. 2016R-11 Supplementing Resolution 2008R-43 of the County, as Previously Amended and Supplemented; Authorizing the Issuance of $3,315,369.96 in Aggregate Principal amount of its Capital Improvement Revenue Refunding Note, Series 2016, in Order to Refund the County’s Capital Improvement Revenue Bond Series 2008A Recommended Motion: Approve resolution 2016R-11

Animal Control License Fee

Animal Control License Fee 2016-2017 Budget Revenues Columbia County $ 328,572 Lake City $ 164,316 Fines $ 15,000 License $ 60,300 Total Revenues $ 568,188 Expenses Personnel Services $ 356,428 Operating $ 146,919 Total Expenses $ 503,347 Net Income $ 64,841

Animal Control License Fee Items for Consideration License Fee $15 - ? Fixed Income Senior Citizen Exemption Kennel Fee or Maximum Annual Fee Requested Action: Direction on the adoption of an animal control license fee.

Board of County Commissioners Regular Meeting Thursday, June 2, 2016 5:30 P.M. School Board Administrative Complex