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

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

3. 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%

4. 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

5. 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, 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

6. Animal Control License Fee

7. Animal Control License Fee
Budget
Revenues
Columbia County
$ ,572
Lake City
$ ,316
Fines
$ ,000
License
$ ,300
Total Revenues
$ ,188
Expenses
Personnel Services
$ ,428
Operating
$ ,919
Total Expenses
$ ,347
Net Income
$ ,841

8. 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.

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