Make us your home page
Instagram

Today’s top headlines delivered to you daily.

(View our Privacy Policy)

Madeira Beach set to approve municipal bonds for new complex

MADEIRA BEACH — The city is expected to take the final plunge Tuesday to sell $4 million in bonds to finance part of the $9.9 million price tag for a new city hall, fire station and recreational complex.

The cost is nearly $1 million more than originally expected due to higher bond rates and the recently discovered poor soil conditions that will require pilings to support the new municipal structures.

The remainder of the cost — up to $5.9 million — will be funded with city reserves, which will result in the delay or elimination of spending on some projects.

"We are looking at the building designs and trying to shave costs, cutting down the size of offices, meeting rooms, the number of sidewalks and even utility lighting," City Manager Shane Crawford said Friday.

Plans to build a multimillion dollar high-and-dry boat storage facility at the marina are on the back shelf.

The city is also drastically cutting back plans to bury utility lines along Gulf Boulevard.

"We won't be doing it all," Crawford said. "We will bury the east-west wires and clean up and make the road presentable."

A group of city residents unsuccessfully argued against the bond validation. But the bond financing received court approval on Aug. 30 for up to a maximum of $6.4 million.

The court ruled that the residents' claims were insufficient to halt the bond issue.

The residents, who earlier had threatened they might seek a referendum to stop the project, argued primarily about aspects of the project, not the validity of the financing process, according to Circuit Court Judge Anthony Rondolino.

His ruling could be appealed to the Florida Supreme Court, but Crawford said such action must be taken within 30 days and is "unlikely to happen."

However, the bond issue financing could be automatically stopped if preset funding and cost limits are exceeded.

Officials want to spend no more than $300,000 a year for the next 30 years to finance the projects. The bonds will be paid off using nonproperty tax revenues, such as public service and franchise fees, along with Penny for Pinellas funds.

During the bond issue process, the city will be completing architectural and engineering designs. A public presentation is expected by mid October, followed by hearings and a formal commission vote on the project design.

If everything goes according to plan, the bond financing will be completed by mid to late October and ground-breaking on the city hall, fire station and recreational complex will likely occur between Thanksgiving and Christmas.

The municipal project will take about a year to complete. The existing city hall and fire station will continue to operate during that time, but eventually will be torn down.

Madeira Beach set to approve municipal bonds for new complex 09/06/13 [Last modified: Friday, September 6, 2013 3:20pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Two boys in critical condition after Largo crash

    Accidents

    LARGO — A 7-year-old boy was thrown from a car in a head-on crash on Starkey Road, and both he and a 6-year-old boy were in critical condition Sunday night, according to the Florida Highway Patrol.

  2. Trump's new order bars almost all travel from seven countries

    National

    WASHINGTON — President Donald Trump on Sunday issued a new order banning almost all travel to the United States from seven countries, including most of the nations covered by his original travel ban, citing threats to national security posed by letting their citizens into the country.

    President Donald Trump speaks to reporters Sunday upon his return to the White House in Washington.
  3. Somehow, Rays' Chris Archer remains just shy of being an ace

    The Heater

    BALTIMORE — Chris Archer had another bad game Sunday.

    Chris Archer is sputtering to the finish line, his rough start on Sunday his fourth in his past five in which he hasn’t gotten past four innings.
  4. In Mexico City, hopes of finding quake survivors dwindle

    World

    MEXICO CITY — Five days after the deadly magnitude 7.1 earthquake, the hulking wreckage of what used to be a seven-story office building is one of the last hopes: one of just two sites left where searchers believe they may still find someone trapped alive in Mexico City.

    Rescue workers search for survivors inside a felled office building in the Roma Norte neighborhood of Mexico City on Saturday.
  5. GOP health bill in major peril as resistance hardens among key senators

    National

    WASHINGTON — The floundering Republican attempt to undo the Affordable Care Act met hardening resistance from key GOP senators Sunday that left it on the verge of collapse even as advocates vowed to keep pushing for a vote this week.

    Sen. Susan Collins, R-Maine, a moderate, said Sunday that it was “very difficult” to envision voting for this health-care bill.