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HomeMy WebLinkAbout1980-02-26 Special Meeting CITY OF GRAPEVINE, TEXAS AGENDA SPECIAL CITY COUNCIL MEETING TUESDAY, FEBRUARY 26, 1980 AT 4: 00 P.M. COUNCIL CHAMBERS - 413 MAIN STREET ��;,, �,,� I. CALL TO ORDER II. INVOCATION: Mayor Pro-Tem David Florence III. NEW BUSINESS A. City Council to consider an amendment to the TRA Water Supply Contract to include the City of Hurst as one of the contracting parties . B. City Council to review the proposed Bond Issue. C. City Council to consider a lease agreement with Municipal Funding Corporation for two (2) IBM Cash Registers . IV. MISCELLANEOUS REPORTS AND/OR DISCUSSIONS ,�,, � V. 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 SPECIAL CITY COUNCIL MEETING AGENDA WAS PREPARED AND POSTED ON THIS THE 22ND DAY OF FEBRUARY, 1980 AT 2 : 30 P.M. �� S ir ey rong City Secretary CITY OF GRAPEVINE, TEXAS A GENDA SPECIAL PLANNING & ZONING COMMISSION MEETING TUESDAY, FEBRUARY 26, 1980 �'`�' 7 :3 0 P. M. COUNCIL CHAMBERS - 413 MAIN STREET � I. CALL TO ORDER II. OLD BUS INESS A. Discuss and consider Master Plan changes . B. Establish a date for the Public Hearing on the zoning application to be filed by the City of Grapevine concerning the un- platted areas along Timberline Drive. III. NEW BUSINESS A. Planning & Zoning Commission to consider the Preliminary Plat of Clear Meadow Estates �� ,, located at Tanglewood and Mustang. IV. MISCELLANEOUS REPORTS AND/OR DISCUSSIONS �w� V. ADJOURNMENT IN ACCORDANCE WITH ARTICLE 6252-17, V.A.T.C.S. , AS AMENDED BY CHAPTER 227, A CTS OF THE 61ST LEGISLATURE, REGULAR SESSION, THE SPECIAL PLANNING & ZONING COMMISSION MEETING A GENDA WAS PREPARED AND POSTED ON THIS THE 22ND DAY OF FEBRUARY, 1980 A T 10 :45 A. M. Shirley Ar trong City Secr ary �� STATE OF TEXAS � COUNTY OF TARRANT X CITY OF GRAPEVINE X The City Council of the City of Grapevine, Texas met in Special Session on this the 26th day of February, 1980 with the following persons present to-wit: � William D. Tate - Mayor David A. Florence - Mayor Pro Tem �,,,, C. L. Oliver - Councilman Charles Dunn - Councilman William Shafer - Councilman Aulton Mullendore - Councilman Ted Ware - Councilman constituting a quorum with the following members of the City Staff : James L. Hancock - City Manager Bill Eisen - Assistant City Manager John F. Boyle, Jr. - City Attorney Shirley Armstrong - City Secretary CALL TO ORDER Mayor Tate called the meeting to order. INVOCATION The Invocation was delivered by Mayor Pro Tem David Florence. `"�' BOND ISSUE REVIEW � The first order of business was for the City Council to review the proposed Bond Issue. Mr. Mike Ashford, Financial Advisor from First Southwest Company reviewed the $3 , 100, 000 City of Grapevine, Texas Waterworks and Sewer System Revenue Refunding & Improvement Bonds , Series 1981. Mr. Ashford explained the benefits involved in refunding old bonds . He then recommended because of the time span involved that the Council and Staff proceed with the proposed bond program for the public sale on April 29 , 1980 despite the interest rate unpredictability. City Attorney Ben Brooks and Accountant Jerry Pittman both spoke in support of Mr. Ashford' s recommendation. There was a short discussion among members of the Council during which several questions were asked. No formal action was taken. � TRA WATER CONTRACT - TO INCLUDE HURST The next order of business was for the City Council to consider an amendment to the TRA Water Supply Contract to include the "�"' City of Hurst as one of the contracting parties . C.ity Manager, Jim Hancock explained that the contract would allow the City of Hurst to join the five other contracting cities for a treated water supply from the Trinity River Authority. He added that in order for Hurst to become a member of the consortium all five cities must approve of the inclusion of Hurst. He then 02/26/80 , reviewed the advantages and disadvantages of including Hurst. City Engineer, Jim Baddaker explained the cost factor involved. Mr. Hancock then stated that it was the recommendation of the City Staff that the City of Hurst be accepted into the consortium. Following a short discussion Councilman Dunn made a motion to accept the recommendation of the City Staff and approve the ,,,�,,, contract to include the City of Hurst into the TRA Water Consortium. The motion was seconded by Councilman Ware and ' prevailed by the following vote : � Ayes : Tate, Florence, Shafer, Ware, Dunn, Mullendore and Oliver Nays : None IBM CASH REGISTERS The next order of business was for the City Council to consider a lease agreement with Municipal Funding Corporation for two (2) IBM Cash Registers . Finance Director, Lee Maness explained that the contract amount would be a lease/purchase type agreement in the amount of $388 . 99 monthly with renewal and/or termination of the agreement at the end of each fiscal year. He added that the City would be able to take ownership of the two cash registers at the end of five (5) years for one dollar ($1. 00) . Mr. Maness then advised the Council that it was the recommendation of the City Staff that the contract be authorized. Following a short discussion Mayor Pro Tem Florence made a motion that the lease purchase agreement, as summarized, be authorized. The motion was seconded by Councilman Oliver � and prevailed by the following vote: Ayes : Tate Florence, Shafer, Ware, Dunn, Mullendore and Oliver `� Nays : None ADJOURNMENT There being no further business Councilman Dunn made a motion to adjourn. The motion was seconded by Councilman Shafer and all in attendance voted "aye" . PASSED AND APPROVED BY THE CITY CO NCIL OF THE CITY OF ,GRAPEVINE, TEXAS on this the / `�h day of 1980. , �,.._._ . ��� � � Mayor ATTEST: Ci y Se t y �