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Home My WebLink About1954-02-16 Regular Meeting .... ., . . . - . _ ._... . . . . . . . . ..:. � i I ' `' Regular meeting of the City Council of the Cit,y of Grapenine was held ! � on February 16, 1954 �th the following members present: Mayor H. �I. � ` Cosnahan; Alderman Joe Box, Bill Guest, E. M. Pair and R. F. Shelton; ± Secretary �Iugh Millican. ; �'f Alderman Box introduced the following resolution and moved its adoption; � f RESOLUTION DECLARING TNE FIRST N�lTIONAL BANK OF DALLAS j �'� TEXAS AS PART OF THE CITY DEPOSITORY OF THE CITY OF � �+�' GRAPEVINE, TEXAS, FO R THE SAFE KEEPING OF CERTAIN ' � SECURITIES OWNED BY SAID CITY: Motion was seconded by Alderman Guest and passed by vote of 1�-0, carrying � with it the adoption of the above resolution. j ! Minutes of the meeting of February 2, .1954 were read and approved. � ; ,�� Financial statements on the following pages for the year 1953 were ', �+,a presented by the City Treasurer. , , Alderman Box intro duced the following ordinance and moved its adoption: � AN ORDINANCE LFVYING A TAX OF ONE-TENTH OF ONE � PERCENT ON FACH ONE HUNDRED DOLLARS VALUATION ' OF TAXABLE PROPFRTY SITUATFD '+�IITNIN �TNF CITY i OF GRAPEVINE TEXAS, FOR THE CALENDER YEAR OF ?, 1954; PROVIDING THAT THE REVENUE FROP�I SAID TAX SHOULD BE USED TO PAY THE INTEREST DUE ON A CONTRACTUAL OBLIG�TION OF THE CITY TO THE ' ' UNITED STATES OF AMERICA FOR GalATER STORAGE I SPACE IN THE GRAPEVINE RESFRVOIR; PROVIDING THAT THE RrVENUE COLLECTFD FRO�� SAID TAX IN EXCESS OF TNF INTEREST DUE ON SAI D OBLIGATION ' � SHALL BE PAID INTO A SINKIN('� FUND TO PAY THE � PRINCIPAL PAYMENTS D[TE ON SAID OBLIGATION AS THEREIN PROVIDED; FURTNFR PROVIDING THAT .iLL REVENUFS REMAINING AFTER PAYMENT BY THE CITY OF ALL IIJTERFST AND PRINCIP�'�L D[JE ON SAID CON- i TRACTUAL OBLIGATION SHALL BF P1ID OV�'R INTO THE ' CITY t S GENERAL FiJND; AN D PROVIDING CFRTAIN ; DISCOUNTS FOR TIMELY P;`1YMENT OF SAID TAX AND � INTERrST AND PFNALTIES FOR DELIC�UENT PAYMENT �� OF SAID TAX. I Motion was seconded b,y Alderman Shelton and passed by vote 4-0. 1 Ordinance was numbered 54-5. Alderman Shelton introduced and moved the adoption of the following ordinance: , AN ORDINANCE LEVYING 1� TAX OF EIGHT-TENTHS PERCENT ON EACH ONE HUNDRFD DOLLARS V�LU:�TION ; OF TAXABLE PROPERTY SITUATED ��ITHIN THE CITY :� � OF GRAPEVINE TEXAS FOR THF CALENDAR YEAR OF , 1954, AND PROVIDING� CERTAIN DEISOQJNTS FOR TIMELY PAYMENT OF S,�ID TAX AND INTFREST AND PENALTIES FOR DELIN�i?ENT PAYM�"NT OF SAID TAX. Motion seconded by Alderman Guest and passed b�* vot� 4-0. l ; Ordinance was numbered 54-6. ' � I . Alderman Pair introduced and moved the adoption of the following ordinance: AN ORDINANCE LEVYINC A TAX OF SIX TENTHS PERCEPdT ON EACH ONE HUNDRrD DOLL�RS VALUnTION OF TAXABLE PROPFRTY SITUATED WITHIN THE CITY OF GRAPFVINE, TEXAS , FOR THE CALENDAR YEAR OF 1954, AND PROVIIDING i CERTI,I N DISCOUNT S FOR TIMELY P^,YMENT OF SAID TAX AND INTrR?�ST Ai�JD PEP�IALTIrS FOR 1 DELIN�UENT PAYMENT OF SAID TAX. Motion was seconded b�r Alderman Box and passed by vote 4-0. Ordinance was numbered 54-?. Refuridin�; cor.tract for ti�Jater and Sewer Facilities within �Section B, , ^ Bellaire Addition, was presented to the Council for approval. Since ' y� plans and maps showing these facilities were not included in the � contract and the total cost of the facitities has not been received by the City, the cont ract was not app roved at this meeting. Meeting Adjourned. ti �t...�.-�- ug i ican, ity �ecretary - I � F. � � � CITY OF GRAPEVII�E, TEXAS Operational �tatement Year of 1953 � Balance of Funds, Jan. 1, 1953: 3 Current Funds (A) � 1,�$4.53 Reserve Funds (B) 25,367.9$ Total � 27,252.51 Add: � Water 8c Sewer Dept. Income: ' Sales � 39,351.63 ' Connection Chgs. 2,430.00 Payments by Develop- ers 16,500.1�4 Assets gained by � Contracts 34,476.09 � Service Deposits 1,114.00 Total � 93 ,�72.16 General City Income: 1953 Taxes, gross � 1$,$13.12 less discount 455.76 1953 Net Taxes � 1$,357.36 1952 Taxes 3 ,426•�4. 1951 & Prior Taxes 1,39$.50 Total Taxes � 23 ,1$2.70 Interest Earned 200.00 Corporation Court 323.54 Garbage Collections 1,709.60 ' r Rents & Misc. 2,21�6.72 Building Permits 69. 50 t Total 27,732•02 Total 121,60l�.1$ Total Credits . � 14$,$56.69 Deduct : Expenses: Water Dept. (C) � 19,665.30 General City ( D) 14,619.45 Interest Costs 7,1$3. 50 Total � 41,46$.25 Debt Payments: Bond Debt � 4,000.00 Contract Debt 3 ,41$.93 Salary Ded. Payable 313.0$ ' Total 7,732.$2 Capital Investments (E) 57,732•01 Service Deposits �efunds 473.00 Total Deductions 107,406.0$ Balance, December 31 1953 = � Current Funds (F� � � 6,43�.73 Reserve Funds (G) 35 ,015.61 Total � 41,450.61 � I, Hugh P�Iillican, City Secretary, hereby certify that the above ; statement and the following balance sheet & explaination schedules '; are true and correct for the City of Grapevine for the Year of 1953• ` � . , ;. � _� _� _ .: Explaination Schedules - operational statement 1953 (A) CURRENT FUNDS: ViTater Fund � -377.03 General Fund 2 02$.91 i Tax Fund � 95.06 i , Social Security Fund 1 7.59 1. � Total � 1,$$4•53 ; (B) RESERVE FUNDS: � Sinking Fund i cash � 1z, 233.49 Sinking Fund I bonds $,000.00 Revenue Bond Fund 1,332•44 i Revenue Reserve Fund 3 ,25�..$0 � I Special Fund 547.65 ' � Total � 25 ,3b7.9$ ,�� (E) EXPENSES OF WATER �EPARTMENT: '� � , Salaries � 11,290.$5 '(' Emp. Tax 129.13 : Truck 75$•37 , `� Line Rep�irs 2,572.15 � Plant (721.$3 ) 7�1.�3 ' ' System 735,1$ ! Freight & Trans. 14$.21 Office 341.$5 ! Tptal - � 19,665.30 (H) GENERAL CITY EXPENSES: � Salaries � l,$9$.00 � Emp. Tax 9$.07 � Administrative $$7.47 ; � Office 4$1.64 ' � Utilities 236.17 ' Building 611�. 51 ' Streets 2,523.26 Police � Traffic 3 ,916.$0 Fire Department 1,196.00 Garbage 1,5$3•55 � General �.,1$3•9$ � � Total � 11�,619.45 � (E) CAPITAL IMPROVEMENTS: ' Water & Sewer Lines � 25 ,601.1�2 Lake vJater Storage 29,b34.00 Equipment 2�497.40 Total � 57,732.$2 I (F) CURRENT FUNDS: � . Water Fun+H � 2, 517.4$ General Fund 3 ,$35.z6 Social Securitp Fund 37-•99 Petty Cash 50.00 ' Total � 6,�34•73 RESERVE FUNDS: Sinking Fund I cash � 1$,55$.21 Sinking Fund I bonds $,000.00 � Sinking Fund II cash 1,$37.75 �, Revenue Bond Fund 1,326.0$ Revenue Bond Reserve Fund 4,237. 52 Special Fund 2.$� Contract Fund 1,053•52 ! Total � 35,015•$$ �� s _ . _�_. _ _ _. � _ __