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Home My WebLink About1984-07-03 Regular Meeting AGENDA CITY OF GRAPEVINE, TEXAS REGULAR CITY COUNCIL MEETING TUESDAY, JULY 3, 1984 AT 7 : 30 P.M. COUNCIL CHAMBERS - 413 MAIN STREET I. CALL TO ORDER II. INVOCATION: Council Member Tom Powers III. CITIZENS REQUESTS AND/OR MISCELLANEOUS REPORTS General Manager of Group W Cable TV to address the City Council and give service update. IV. CONSIDERATION OF THE MINUTES Meetings of May 29 & June 11, 1984 V. OLD BUSINESS A. City Council to consider pending Zoning Application Z83-50 (John Ball--former Box property) and disposition thereof. B. City Council to consider an ordinance relative to the City-instigated rezoning of Parcel No. 24A (Cecil Properties) . C. City Council to consider a concept plan relative to the City-instigated rezoning of Parcel No. 117 (Dallas North Properties) and a subsequent ordinance, if applicable. D. City Council to consider the second reading of Ordi- nance No. 84-50 relative to City-instigated rezoning of Parcel No. 104 (former Box property) . VI. NEW BUSINESS A. City Council to consider authorizing the execution of an agreement with the Austin Ranch for use of Corps of Engineers property leased by the City. B. City Council to consider a reimbursement agreement with Tarrant County for materials used on street penetration resurfacing program. C. City Council to consider committee appointments to the Housing Authority Advisory Board. D. City Council to consider an ordinance adopting employee � retirement updated service credits. E. City Council to consider a resolution authorizing participation in an employee retirement 401 (k) program. F. City Council to discuss proposal to designate certain areas of the City as eligible areas under Development Corporation Act of 1979 for purposes of issuing industrial revenue bonds for commercial projects. VII. ADJOURNMENT IN ACCORDANCE WITH ARTICLE 6252-17 , V.A.T.C.S. , AS AMENDED BY CHAPTER 227 , ACTS OF THE 61ST LEGISLATURE, REGULAR SESSION, THE REGULAR CITY COUNCIL MEETING AGENDA WAS PRE— PARED AND POSTED ON THIS THE 29TH DAY OF JUNE, 1984 AT �� 12 : 00 NOON. � City Secretar �,�. �� a�� EMERGENCY AGENDA CITY OF GRAPEVINE, TEXAS � REGULAR CITY COUNCIL MEETING TUESDAY, JULY 3 , 1984 AT 7: 30 P.M. COUNCIL CHAMBERS - 413 MAIN STREET SUPPLEMENT TO ORIGINAL AGENDA V. OLD BUSINESS D. City Council to consider City-instigated rezoning Parcel No. 104 (former Box property) and a subse- quent separate ordinance on an emergency basis. THIS EMERGENCY AGENDA WAS PREPARED BECAUSE IMMEDIATE ACTION IS NECESSARY TO INSURE THE HEALTH, SAFETY, AND GENER.AL WEL- � FARE OF THE CITIZENS OF THE CITY OF GRAPEVINE, TEXAS . IN ACCORDANCE WITH ARTICLE 6252-17 , V.A.T.C.S. , AS AMENDED BY CHAPTER 227 , ACTS OF THE 61ST LEGISLATURE, REGULAR SES- SION, THE REGULAR CITY COUNCIL MEETING EMERGENCY AGENDA WAS PREPARED AND POSTED ON THIS THE 3RD DAY OF JULY, 1984 AT 11 : 00 A.M. Cit Secretary � �rrr 06/21/84 CONINA]NITY CON�IAL ZONIl�iG DISTRICT ON TRACT 1, "R—MF-2" MiJLTI—FAr'IILY DWELLING DISTRICT CA�T TRACT 2 AND PROVIDING STRUC— TCTRAL SEI'BACK R�QUIREN�fi'S, "R-3.5" Zin10�— FAMILY DWELLING DISTRICT ON TRACT 3, AND "R-7.5" SINGLE—FAMILY DWELS,ING DISTRICT ON TRACT 4, ALL IN ACCORDANCE WITH EXHIBITS AZTACHID HERE'I'0 AND N1ADE A PAR'I' HEFtEOF; CORRECTING THE OFFICIAL ZOI�IING MAP; PRE— �* SERVING ALL OTHII2 PORTIONS OF Tf� ZONING ORDINANCE; P1�7IDING A C�AUSE REL�ATING TO SE�7EF�BILITY; DEI�NING 'I'fiAT THE PUBLIC �, INTERESTS� MORAIS AND GENERAL WELFARE DE�1P,I�ID A ZONING CHANGE AND AN�1DN�1'I' 'I'f�FlEIN NIADE; PROVIDIlQG A PII�LTY NOT TO EXCEID Tf� SUM OF ONE THOUSADID DOLLARS ($1,000.00) AND A SEPARATE OF'FENSE SHAI�, BE DEFT�� COrM�IITTID UP�T EACEI DAY DURING OR ON WfiICH A VIOLATION OCCURS; AND DE— CLARING AN II�TCY AA70URi�i' There being no further business to come before the City Council, Council Member Larry Oliver made a mption to adjourn the meeting. The n�ntion was seconded by Mayor Pro Tem Ware and prevailed by the follawing vote: Ayes: Tate, Ware, Oliver, Brekken, Dyer, Glynn, & Pawers Nays: None PASSID AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on �,,� this tY�e 17th day of July , 1984. APPRCJ�7ED: � r-a..��. .. � �` '� ��..°� Mayor A�TEST: � � City Secretary � +yr�w 3 STATE OF TEXAS COUNTY OF TARRANT CITY OF GRAPEVINE The City Council of the City of Grapevine, Texas met in Regular Session on this the 3rd day of July, 1984 at 7:30 p.m. in the Council Chambers, 413 Main Street, with the follawing m�mbers present to-wit: � William D. Tate Mayor Ted R. Ware Mayor Pro Tem Larry Oliver Council Member �, Marion Brekken Council Member Ron Dyer Council Member Jim Glynn Council Me.mb�r Tan Powers Council Member constituting a quonmi, with the follawing mP.mbers of the City Staff: James L. Hancock City Manager Bill Eisen Assistant City Manager John F. Boyle, Jr. City Attorney Karen Spann City Secretary CALL TO ORDER The meeting was called to order by Mayor Tate. INVOCATION Council Member 'I'om Pvwers delivered the Invocation. MIS�I,Al�OUS REPORTS, GROUP W CABLE TELE�TISION � Mr. Robin Troop, General Manager of Group W Cable TV, addressed the City Council, giving a report outlining some of the new construction statistics for the Grapevine system as well as efforts made by Gro�zp W to improve custo�ner service. CITIZII�lS RF,QLTESTS, MR. BARRY KNIGFiT Mr. Barry Knight, 1700 Mercantile Dallas Building, Dallas, Texas, then spoke as a representative of SILCO, Inc. His comrents pertained to ordinance passage for City-instigated rezoning Parcel No. 104, the forn�r Box property naw vwned by the Chasewr�od Company. (This ordinance to be considered later on the agenda.) CONSIDERATION OF THE MINUTFS The next order of business was for the City Council to consider the minutes of the meetings of May 29, 1984 and June 11, 1984. There being no additions or corrections, Council Me�er Marion Brekken made a irotion that the minutes be approved as published. A second was offered by Council Member Glynn, and the motion prevailed by the ensuing vote: Ayes: Tate, Ware, Oliver, Brekken, Dyer, Glynn, & Paaers Nays: None � ZONING APPLICATION Z83-50, MR. JOHN BAL,L, FORNID.Z BOX PROPERTY �, The next item before the City Council was to consider pending Zoning Applica- tion Z83-50 (John Ball, former Box property) and disposition thereof. Public Works Director Jim Baddaker advised those present that the public hear- ing relative to this zoning request ha.d been held on November 15, 1983. A subsequent recam�ndation fran the Planning & Zoning C�nission was for approval of the request, with the exception of the proposed Site Plan zoning for 5,000 square foot lots on the most westerly tract. This application had been tabled by the City Cauncil on Decgnber 6, 1983. 07/03/84 The tract of land to be considered in this zoning application was ]�own as the former Box property located east of Oak Creek Estates between T�mberline Drive and Mustang Drive. This land has since been rezoned as a result of the City- instigated rezoning case (with the exception of a 95-acre tract to be con- sidered later on this agenda) , and Mr. Baddaker reccx�tended the City Council take formal action to deny Zoning Application Z83-50 in order tr� close the file. There being little discussion, Council M�e.mber Jim Glynn made a motion to deny Zoning Application Z83-50. The mc�tion, seconded by Council Nlember Tcan Paw�rs, �� prevailed by the follawing vote: Ayes: Tate, Ware, Oliver, Brekken, Dyer, Glynn, & Pawers �,,� Nays: None CITY-1NSTIGATED REZONING, PARCEL N0. 104, FORMER BOX PROPF�PY The next item considered by the City Council was the City-instigated rezoning of Parcel No. 104 (former Box property) and a subsequent separate ordinance on an emergency basis. The caption of the proposed ordinance was presented by the City Secretary. City Attorney John Boyle advised that the property awner had prepared the required legal descriptions and a map had also been drawn to scale delineating the co�arercial, rnulti-family, duplex, and single-fami.ly tracts, as directed by the City Council at their meeting of June 21, 1984. He added that consideration of an ordinance on this item wr�uld be on an em�rgency basis for final passage. A lengthy Council discussion ensued during which densities and a possible buffer between land uses w�re discussed. Public Works Director Jim Baddaker also noted potential drainage problems in this area due to airport development north of this tract. � A motion was then offered by Council Me.mber Pawers and seconded by Mayor Pro Tem Ware that Tracts 3 & 4 west of the creek be zoned "R-7.5" Single-Family ,�,,� Dwelling District; Tract 2 east of the creek be zoned "R-ME-2" Multi-Family Dwelling District, excepting Tract 1 east of the creek (approximately 20 acres in size) to be zoned "CC" Camraanity Co�iercial Zoning District; and providing for a 100-foot structural setback extending frcen the centerline of the creek both east and west. The Yrotion failed by the follawing vote: Ayes: Ware, Glynn, & Pawers Nays: Tate, Oliver, Brekken, & Dyer Additional Council discussion follawed centering mainly on the creek as a buffer and possible additional setback requirements. Council NIQ.�nber Dyer then made a motion to approve the ordinance on final reading zoning 'I`racts 3 & 4 west of the creek to "R-7.5" Single-Family Dwelling District; Tract 1 to "CC" C.�nity Co�miercial Zoning District; and Tract 2 to "R-ME'-2" Multi- Family Dwelling District save and except a 150-foot wide tract of land lying inmiediately east of the oenterline of the creek to be zoned "R-TH" Townhouse Zoning District. Council Member Glynn seconded the motion, which prevailed by the follawing vote: �� Ayes: Tate, Ware, Dyer, Glynn, & Pawers Nays: Oliver & Brekken �� ORDINANCE NO. 84-50 AN ORDII�NCE AN�L�IDING ORDINANCE NO. 70-10, THE COMPREE�TSIVE ZONING ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS, SANlE BEING ALSO KNC7In1N AS APPIIVDIX "A" OF THE CITY C�DE OF GRAPEVINE, TF�S, GRANTING A ZONING CHANGE ON A TRACT OF LAND DESCRIBID AS BEING A I(JT, TRACT, OR PARCEL OF LAND LYING AND BEING SITUATID IN TP,RR�NI' COUNTY, TEXAS, 2 07/03/84 BEING A PARZ' OF THE J. R. STEPI�NS SURVEY, ABSTRACT NO. 1490, IN THE CITY OF GRAPE— VINE, TEXAS, NI(JRE FULLY AND COMPL�,'I'ELY DESCRIBID IN TF� BODY OF THIS ORDINANCE; ORDERIl�TG A C�3ANGE IN THE USE OF SAID PROPII�I'Y FROM "R-1" SIl�tCzI,E—FAMILY Di�TELLING DISTRICT UNDER ORDINP�TCE N0. 70-10 TO "CC" CO�M'AJNITY CO�M�RCIAL ZONING DISTRICT ON TRACI' 1, "R—MF-2" MULTI—FAMILY DWIIsLING �* DISTRICT AND "R—TH" 'I'Q4VNHOUSE ZONING DISTRICT ON TRACT 2, AND "R-7.5" SINGLE— FAMILY DWII1LING DISTRICT ON TRACZS 3 & 4, � ALL IN ACCORDANC,E WITH EXfiIBITS ATTAC�E-IED HEREI'O AND MADE A PART I�REOF; CORRF]CI'ING TI� OFFICIAL ZONING MP,P; PRESERVING AT,T, 0`i�3II2 PORTIONS OF THE ZONING ORDINANCE; PI2�IIDING A CZP,USE RELATING TO SEVER- ABILITY; DETEF2P�L�NG THAT TI� PUBLIC IN'i'ERES`I'S� MORIILS AND C�FNFRAT, WEL�'ARE DII�ND A ZONING CHANGE AND AMQ�TDM��Fi' THEREIN NIADE; PR(3VIDING A PE[QALTY NOT TO �CEID Tf� SUM OF ONE THOUS�ID DOT T,ARS (sl,000.00) �m A s�� o�sE TT, BE DEII�D C�M�IIZT� UPON EAC�i DAY DUR.Il�TG OR ON WHICH A VIOLATION OCCURS; AND DE- Q�ARIDIG AN II�ENCY CITY-INSTIGATID REZONING, PAI�EL N0. 24A, CECIL PROPERTIES The next order of business was for the City Council to consider an ordinance relative to the City-instigated rezoning of Parcel No. 24A (Cecil Praperties) . City Secretary Karen Spanrl read the caption of the praposed ordinance. . The property in question is located on the vuest side of Park Boulevard imrediately south of the existing Woodlake Apart�nts and is proposed to be Phase 2 of that development. On June 7, 1984, the City Council authorized the City Attorney to draft an ordinance zoning this property "R�'-2" Multi-Family Dwelling District, provided that deed restrictions limi.ting the density to 16 units per acre be proferred by the property owner and accepted by the City for filing with Tarrant County. City Attorney John Boyle advised that the deed restrictions had been executed and accepted by the City for filing puzposes, and the ordinance was ready for Council consideration. There being little discussion, Mayor Pro Tem Ware made a motion that the ordi- nance be adapted. The mr�tion, seconded by Council Member Glynn, prevailed by the ensuing vote: Ayes: Tate, Ware, Oliver, Brekken, Dyer, Glynn, & Powers Nays: None ORDIl�IANCE N0. 84-51 AN ORDINANCE AI�NDING ORDINANCE NO. 70-10, Tf� CON�REE�LVSIVE ZONING ORDINANCE OF THE "'�'"' CITY OF GRAPEVINE, TEXA.S, SAN1E BEING ALSO KNCX�IN AS APPE[�IDIX "A" OF � CITY CODE OF GRAPEVIlVE, TEXAS, GRANTING A ZONING CHANGE �, ON A TRACT OF LAND DESCRIBID AS BEING A IiOT, 2�2ACT, OR PARCEL OF I�AI�ID LYING Al�ID BEING SI'P[JATID IN TARRANT COt]NTY, Z�XA.S, BEING A PART OF Tf� THOMAS EASTER SURVEY, ABSTRACr N0. 458, IN '1�iE CITY OF GRAPE- VIlVE, TEXA.S, NYJRE FULLY AI�ID COMPI�EI�LY DESCRIBID Il�T TI� BODY OF THIS ORDIlQANCE; ORDERING A CHANGE IN TF� USE OF SAID PROPERTY FROM "S-P" SPDCIFIC USE PERNLZT DISTRICT UNDER ORDIN�TCE NO. 70-10, CONIPLYING WITH ALL "R-3" MULTI-FAMILY 3 07/03/84 DW�LLING DISTRICT REGULATIONS AND PRQVIDING THAT THE NCTMBER OF UNITS SHAT,T, BE LIMITID TO A MAXIMUM OF 16 UNITS PER ACRE TO "R-MF-2" MULTI-FANIILY DtiJII�LING DISTRICT UNDER ORDINAN(� NO. 82-73 AND PFZC7VIDING FOR ACCEPTANCE BY THE CITY OF - PROFFERID VOLUNTARY DEID RESTRICI'IONS; CORRFX.TING Tf� �'F'ICIAL ZONING MAP; PRE- SEftVING ALL OTf�R PORTIONS OF THE ZONING ORDINANCE; PRWIDING A (�AUSE RELATING TO �� SEVERABILITY; DEI'ERNLIl�ING THAT THE PUBLIC INTERFSTS, MORAL»S AND GF:�iF:RAT, WEL�'ARE DE[�,ND A ZONING CE3ANGE AND AN�VDN�7T ,�� THEREIN MADE; PROVIDING A PF�IALTY NOrI' TO EXCEID TI� SUM OF ONE THOUSAND DOT,T�ARS ($1,000.00) Al�ID A SEPARATE OFF.E[�IISE SHAT T, BE DEEN�D �TTID UPON EACH DAY DURING OR ON WFiICH A VIOLATION OCCURS; AND DE�CLARZNG AN II�TCY CITY-INSTIGATF� REZONING, PAItCF�, NO. 117, DALI�AS NORZ�i PROPEKI'IES The next item before the City Council for consideration was a concept plan relative to the City-instigated rezoning of Parcel No. 117 (Dallas North Properties) and a subsequent ordinance, if applicable. The property to be addressed is 4.026 acres located on the north side of Ti.mberline Drive adjacent to the Meirorial Baptist Church. Mr. Ron Jackson, representing Dallas North Properties, presented a concept plan to the City Council. The drawing and developn�ent criteria presented depicted a tawnhouse development of slightly aver 8 units per acre and utilizing 27-foot private streets. Several variances to code requiren►ents were also noted. During the ensuing discussion, concern was expressed for the attaching wall or """� fence between units, and it was noted that there wc�uld be no coimton walls between living area.s. The lot sizes, parking pravisions, street size, and ,�,�, emergency vehicle access were also discussed. The engineer vaorking on the project, Mr. Bert Elsie, was also available for questions. Follawing this deliberation, a motion was offered by Mayor Pro Tem Ware to reinstitute a new zoning case on this tract of land for consideration of the "S-P" Site Plan Zoning District for a tawnhouse develogn�xit. The m�tion was seconded by Council M�nber Oliver and prevailed by the ensuing vote: Ayes: Tate, Ware, Oliver, Brekken, Dyer, Glynn, & Pawers Nays: None N(7I'E: Council Mes�er Oliver left the meeting after this item. AGR�VT, AUSTIN RANCH, �QUFSTRIAN TRAIIS The next order of business was for the City Council to consider authorizing the execution of an agreement with the Austin Ranch for use of Corps of �gineers property leased by the City. Parks & Recreation Director Kevin Conklin presented an aerial photograph of the property in question located adjacent to the Austin Ranch in northeast Grapevine. The owner of the Austin Ranch had requested a sub-lease agre�nt ''"�"' with the City to develap equestrian trails on Corps of Etzgineers property. The property is currently being leased by the City fran the Corps of Ehgineers. The Municipal Golf Course and the City water treatinent plant are �:� located on a portion of this tract. Mr. Conklin outlined the proposal, noting that no permarient stnzctures would be erected for the equestrian trails. He also advised that the proposal had been favorably revicaed by the Corps of F�gineers and the Parks & Recreation Boa.rd. Follawing brief discussion by the City Council, Mayor Pro Tem Ted Ware made a mr�tion authorizing the City Staff to execute a sub-lease agreement with the Austin Ranch for equestrian trails. Council Member Tom Pow+ers seconded the motion, which prevailed by the follawing vote: 4 07/03/84 Ayes . Tate, Ware, Brekken, Glynn, & Pawers Nays . Dyer Absent: Oliver AGREF�]T, TARRANT COUN7.'Y STREE�'r PENETRATION-RESURFACIlVG PROGRAM The next item before the City Council was to consider a rei.mbursement agree- ment with Tarrant County for materials used on street penetration-resurfacing Program. � Public Works Director Jim Baddaker advised that the City street maintenance program includes a program with Tarrant County where the County pravides the � labor and the equipmPazt and the City is responsi.ble for the materials used for penetration-resurfacing on many of the old County roads within the City limits. He noted a list of streets which were proposed to utilize the program allotment for 1984. Approximately $61,668.00 was estim�ted to be the cost for resurfacing 7.71 mi.les of streets. There being little discussion, Council Mea�ber Glynn made a mr�tion, which was seconded by Mayor Pro Tem Ware, to authorize the execution of an agreement to reimburse Tarrant County for the oost of the materials for this resurfacing program, not to exceed $61,668.00. The motion prevailed by the ensuing vote: Ayes . Tate, Ware, Brekken, Dyer, Glynn, & Powers Nays . None Absent: Oliver COrM�TT� APPOIl�]TS, HOUSING AUTHORITY ADVISORY BOARD The next order of business was for the City Council to consider comnittee appointments to the Housing Authority Advisory Board. City Secretary Karen Spann advised that Mr. Byron Cox and Mr. Bill Vande- venter, whose ternns on the Housing Authority Advisory Board had expired, had �`" continued to serve on the Board thaugh not being formally reappointed by the City Council. Applications had been abtained frcen these members, both of whan �, wished to continue serving, and were before the City Council at this tune for formal consideration. Council Member 'I'om Pawers offered a motion that Mr. Cox and Mr. Vandeventer be appointed to serve on tYie Housing Authority Advisory Board. The motion was seconded by Council Me�nber Brekken and prevailed by the follawing vote: Ayes . Tate, Ware, Brekken, Dyer, Glynn, & Pavers Nays . None Absent: Oliver ORDIl�NCE, TEXAS MUNICIPAL RETIRII�1'I' SYSTF��I UPDATID SERVICE CRIDITS The next it�n before the City Council for consideration was an ordinance adopti.ng employee retir�nt updated service credits. The caption of the proposed ordinance was presented by the City Secretary. Assistant City Manager Bill Eisen briefly reviewed the City's retirement program with the Texas Municipal Retirement System and noted that the am�unt of retirement annuity received by any given eligible �nployee is based on the airount of contributions during the three years that his or her contributions �" were the greatest. In order to ensure the m�im�un benefits to which ernployees are entitled, it is necessazy to adopt updated service credits. This action would also i.ncrease the City's oontribution to the retire�,nt fund by approxi- ii�, mately $6,800.00 for the 1985 year. Following brief discussion, a mr�tion was made by Council Member Pawers that the ordinance be adopted. Council Member Brekken offered a second to the mr�tion, which prevailed by the ensuing vote: Ayes . Tate, Ware, Brekken, Dyer, Glynn, & Paaers Nays . None Absent: Oliver 5 07/03/$4 ' ORDINANCE N0. 84-52 AN ORDINAl�TC,E AUTHORIZING AND ALLOWING, UNDER THE ACT GOVERNING THE TEXAS MUNI- CIPAL REI'IRII�LVT SYSTF�'I, "UPDATED SERVICE CRIDITS" IN SAID SYSTENI FOR SERVICE PER- FORN�D BY QUALIFYING N�'1BERS OF SLTCH SYSTET'I IN THE II"1PIA�lT OF THE CITY OF GRAPEVINE; AND ESTABLISHING AN EF�'DC,TIVE DATE FOR SUCH A�`i'IONS �� RESOI,UTION, AUTHORIZING 401(k) SUPPI�ITAL RETIRII�'dVT PROGRAM The next order of business was for the City Council to consider a resolution authorizing participation in an employee retirement 401(k) program. Assistant City Mariager Bill Eisen briefly reviewed the 457 deferred campensa- tion program currently offered to City employees as an investrrent alternative for deferral of incame taxes. He noted that a new 401(k) program was also now available to public employees as a deferral program, and he co�ared the two plans. It was the recamnendation of the City Staff that the City Council adopt a resolution establishing a qualified 401(k) supplemental retirement plan for the employees of the City of Grapevine, at no cost to the City. 'I'he City Secretary then read the caption of the proposed resolution. Brief deliberation ensued, after which Mayor Pro 'I�em Ware made a motion to adopt the resolution establishing the 401(k) program. The motion was seconded by Council Member Brekken and prevailed by the following vote: Ayes . Tate, Ware, Brekken, Dyer, Glynn, & Pavers Nays . None Absent: Oliver � RFSOLITI'ION NO. 8 4-31 �� A RE.SOLUTION FSTABLISHING A QUALIFIED 401 (k) SUPPT,F.MFTTTAT, �IRII��IIV'r PLAN FOR Tf� II�IAYEE5 OF THE CITY OF GRAPEVINE, 'I�AS; AUTHORIZING THE F�UTION OF A CONI'RACT ADID ALL APPLICABLE DOCUMEDFI'S; AND PROVIDING AN EFFEC,�'IVE DATE AUTHORIZING A PUBLIC HEARING FOR THE ISSUANCE OF IlVDUSTRIAL REVEN[TE BOI�IDS THE GRAPEVINE OPRY PROJF7GT The next item was for the City Council to discuss a proposal to designate certain areas of the City as eligible areas under Developme.nt Corporation Act of 1979 for purposes of issuing industrial revenue bonds for �om�rcial projects. Assistant City Manager Bill Eisen reported that q�ry �terprises, Inc. had inquired into the possibility of an issuance of industrial revenue bonds for improvements to their facilities. Mr. Rick Yahr, representing Hutchison, Price, Boyle & Brooks, reviewed the statute requiren�nts for issuing industrial revenue bonds for a c�rcial "� project and haa it differs fran airport-related/industrial projects for which bonds have previously been issued by the City of Grapevine. The area desig- nated for develo�ar�nt was identified as the Opry building itself on Main �� Street and the adjacent business office, as well as the Opry parking lot across the street. Plans for this renovation were estimated to be approximately $1.2 million. Follawing questions and comrnnts frcen the City Council, Council Me.mber Glynn offered a motion to set a public hearing date on this matter for Tuesday, July 17, 1984 at 7:30 p.m. The mr�tion was seconded by Mayor Pro Tem Ware and prevailed by the ensuing vote: 6 07/03/84 Ayes . Tate, Ware, Brekken, Dyer, Glynn, & Powers Nays . None Absent: Oliver AA70UR1�1'I' There being no further business to come before the City Council, a motion to adjourn the meeting was offered by Council Member Dyer and seconded by Council Member Pawers. The mr�tion prevailed by the follawing vote: � Ayes . Tate, Ware, Brekken, Dyer, Glynn, & Pvwers Nays . None � Absent: Oliver PASSID AND APPROVID BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the l�� day of July , 1984. APPR0�7ID: .� ....� � �l'.�-.. G''�-"�.:. Mayor ATl'FST: Cit SecretaYy � � � 7