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HomeMy WebLinkAbout1975-09-23 Joint Meeting <. � J R) CITY OF GRAPEVINE, TEXAS AGENDA JOINT CITY COUNCIL AND PLANNING & ZONING COMMISSION MEETING TUESDAY, SEPTEMBER 23, 1975 AT 7: 30 P.M. COUNCIL CHAMBER - 413 MAIN STREET I. CALL TO ORDER II. INVOCATION - to be given by Commissioner Ted Ware III. PUBLIC HEARINGS: A. City Council and Planning & Zoning Commission to hold a joint public hearing on zoning appli- cation Z-75-16; Norman Construction Company re- questing C-1 on tract 1 and R-3 on tracts 2 and 3; or in the alternative a "SP" Specific Use Permit for a more restrictive Multi-family Zoning on tracts 2 and 3. The general location of the property is described as being along the northeast corner of the intersection of W. NW Highway and Park Boulevard. The owner of the property is John Love, Trustee. B. City Council and Planning & Zoning Commission to hold a joint public hearing on zoning applica- tion Z-75-17; Antimony Corporation requesting "C-2" Community Business District on a tract of land generally known as Silverlake Farm, 816 Ruth V�lall Road. The owner of the property is Antimony Corporation. IV. END OF PUBLIC HEARINGS A. City Council to recess and reconvene in Council Chambers to consider further Council agenda items. B. Planning & Zaning Commission to recess and recon- vene in the Conference Room to consider the zoning applications Z-75-16 and Z-75-17. IN ACCORDANCE WITH ARTICLE 6252-17, V.A. T.C.S. , AS AMENDED BY CHAPTER 227, ACTS OF THE 61ST LEGISLATURE, REGULAR SESSION, THE JOINT CITY COUNCIL AND PLANNING & ZONING COMMISSION MEET- ING AGENDA WAS PREPARED AND POSTED ON THIS THE 19TH DAY OF SEPTEMBER, 1975 AT 2:30 P.M. �.�.� 0,�. CITY SECRETARY 1 `� `� CITY OF GRAPEVINE, TEXAS AGENDA SPECIAL CITY COUNCIL MEETING TUESDAY, SEPTEMBER 23, 1975 AT 8:00 P.M. COUNCIL CHAMBERS - 413 MAIN STREET I. CALL TO ORDER II. CITIZENS REQUESTS AND/OR MISC. REPORTS AND DISCUSSIONS A. III. CONSIDERATION OF THE MINUTES (September 16, 1975) IV. OLD BUSINESS A. City Council to consider the second reading of an ordinance approving the rate increase request as made by Lone Star Gas Company V. NEW BUSINESS A. City Council to present a resolution to Chisai Childs Anderson, Andy Anderson, and Aunt Susie Slaughter for their valuable service rendered by the operation and promotion of The Grapevine Opry. B. City Council to consider bids for the City Depository; to be let for a two year period beginning October l, 1975. C. City Council to consider the first reading of an ordinance approving a rate increase for Texas Power and Light Company. IN ACCORDANCE WITH ARTICLE 6252-17, V.A. T. C.S. , AS AMENDED BY CHAPTER 227, ACTS OF THE 61ST LEGISLATURE, REGULAR SESSION, THE CITY COUNCIL SPECIAL AGENDA WAS PREPARED AND POSTED ON THIS THE 19TH DAY OF SEPTEMBER, 1975, AT 2: 30 P.M. ��„�,.�c 0�.�, CITY SECRETARY � ,� � � s CITY OF GRAPEVINE, TEXAS � EMERGENCY CITY COUNCIL AGENDA ITEM � SPECIAL CITY COUNCIL MEETING TUESDAY, SEPTEMBER 23, 1975, AT 8:00 P.M. COUNCIL CHAMBERS — 413 MAIN STREET ` � � �' THIS EMERGENCY AGENDA ITEM HAS BEEN PREPARED IN ORDER TO INSURE THE HEALTH, SAFETY, AND GENERAL WELFARE OF THE CITIZENS OF GRAPEVINE, TEXAS � D. City Council to consider a plat revision of � Lot l, Block 9, Section 2 out of the J. L. Whitman Survey of the Grapevine Lake Estates Addition to the City of Grapevine, Texas. This item has been added to the agenda as an emergency item because the owner of the lot is ready to begin construction and further delay will cause a hardship. IN ACCORDANCE WITH ARTICLE 6252-17, V.A.T.C.S. , AS AMENDED BY CHAPTER 227, ACTS OF THE 61ST LEGISLATURE, REGULAR SESSION, 1969, THE CITY COUNCIL EMERGENCY AGENDA ITEM WAS PREPARED AND POSTED ON THIS THE 23RD DAY OF SEPTEMBER, 1975, AT 2:15 P.M. .� � � C Y SECRETARY � i � � � � � € � � � � � � I , � ! ,l, , ., i i i � i ` CITY OF GRAPEVINE, TEXAS A GENDA REGULAR PLANNING & ZONING COMMISSION MEETING � TUESDAY, SEPTEMBER 23, AT 8:00 P.M. � CONFERENCE ROOM - 413 MAIN STREET � : ' I. CALL TO ORDER i II. CONSIDERATION OF MINUTES � � i III. OLD BUSINESS � A. ° IV. NEW BUSINESS � � ; A. Planning & Zoning Commission to consider ZA 75-16 � B. Planning & Zoning Commission to consider ZA 75-17 i ; 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 REGULAR PLANNING & ZONING COMMISSION MEETING AGENDA WAS PREPARED AND POSTED ON THIS THE 19TH DAY OF SEPTEMBER, 19'$ AT 2: 30 P.M. � �.��. C��, CITY SECRETARY � � � �. � ,. � � CITY OF GRAPEVINE, TEXAS � � EMERGENCY PLANNING & ZONING COMMISSION AGENDA ITEMS � REGULAR PLANNING & ZONING COMMISSION MEETING d TUESDAY, SEPTEMBER 23, 1975 AT 8:00 P.M. COUNCIL CHAMBERS - 413 MAIN STREET �: � THESE EMERGENCY AGENDA ITEMS HAVE BEEN PREPARED IN ORDER TO INSURE THE HEALTH, SAFETY, AND GENERAL WELFARE OF THE CITIZENS OF GRAPEVINE, TEXAS. � � � C. Planning & Zoning Commission to consider the � prelirninary plat of Brookside Addition. This � item has been added to the agenda because the � applicant of Z-75-16 must have a�proval of his � preliminary plat before he will rezone his other tracts; and said rezoning is on the agenda for �' such consideration. � D. Planning & Zoning Commission to consider a � plat revision of Lot 1, Block 9, Section 2 out of the J. L. Whitman Survey of the Grape- � vine Lake Estates Addition to the City of Grapevine, Texas. This item has been added to the agenda as an emergency item because the owner of the lot is ready to begin con- struction and further delay will cause a hardship. � � IN ACCORDANCE WITH ARTICLE 6252-17, V.A.T.C.S. , AS � AMENDED BY CHAPTER 227, ACTS OF THE 61ST LEGISLATURE, REGULAR SESSION, 1969, THE PLANNING AND ZONING COM- MISSION EMERGENCY AGENDA ITEMS WERE PREPARED AND POSTED ON THIS THE 23RD DAY OF SEPTEMBER, 1975, AT 2: 15 P.M. � � CIT SECRETARY � � � � STATE OF TEXAS X COUNTY OF TARRANT X CITY OF GRAPEVINE X The City Council and the Plannirrg & Zoning Commission of the City of Grapevine, Texas, convened in joint and special meeting at 7:40 P.M. , on this the 23rd day of September, 1975, with the following members present, to-wit: � William D. Tate Mayor Thelma Conine Councilwoman Doil Dalton Councilman C. L. Oliver Councilman Charles Dunn Councilman Willis Pirkle Councilman Bob Murphy Councilman constituting a quorum, with Harlen Joyce Acting Chairman Joe Kennedy Member Conrad Heede Member David Florence Member constituting a quorum, with Ted Ware absent and one position vacant, with Floy Ezell City Manager Jim Hancock Assistant City Manager Kenneth Pritt City Secretary Ben Brooks City Attorney Mayor Tate called the meeting to order. i " � The Invocation was given by Commissioner Joe Kennedy. Mayor Tate then introduced the members of the Planning and Zoning Commission to the assembly. • Mayor Tate then declared the public hearing on zoning application Z-75-16 open; Norman Construction Company requesting C-1 on tract 1 and R-3 on tracts 2 and 3; or in the alternative a "SP" Specific Use Permit for a more restrictive Multi-family Zoning on tracts 2 and 3. The general location of the property is described as being along the northeast corner of the inter- section of West NW Highway and Park Boulevard. The owner of the property is John Love, Trustee. Mr. Pritchett of Norman Construction Company appeared before the Council and Planning and Zoning Commission to make a presentation for the applica- tion. Mr. Pritchett then introduced a site plan of the pro- posed construction should he receive the zoning. He stated that (15) fifteen acres located adjacent to the Manor Way ,�, Addition would remain single family and would be developed in- to a residential section. He further indicated that he would - like the City Council to approve a preliminary plat for that residential area, locking them into a plan that would be con- dusive to the residents of Manor Way and also show that his company is only interested in attaining the appropriate zoning to develop the property, not resale it. He further stated that tracts 2 and 3 would not be developed as densely as the zoning would allow and that it would be quite awhile before this development would take place. He then stated that tract 1 would contain a number of one story retail buildings, a 4 � 1 Y restaurant, and a two-story office building. He also indicated i that this construction would start in the near future. Questions were now in order from the Planning and Zoning f Commission. Member Conrad Heed inquired about the type of business that would be located on Tract l. Mr. Pritchett stated that a convenience store would be located on the corner of West NW Highway and Park Boulevard, the rest of the buildings would be neighborhood business and retail with one restaurant ; and one two-story office building. He also explained that there would be no grocery stores. Member Conrad Heede then inquired about the density the developer had in mind for Tracts 2 and 3. Mr. Pritchett explained that Tract 2 wauld be forty (40) persons per acre and Tract 3 would be forty- seven (47) persons per acre. Member David Florence then inquired if a traffic study had been made. The Assistant City Manager explained that the `� Traffic Safety Coordinator had examined the site plan and 3 stated that it met all traffic standards but he did suggest '� that the turn-off to the three residences on West NW Highway ; be made for one-way traffic. Questions were now in order from the City Council. Council- man Dunn inquired about the size of house that would be in the residential area. Mr. Pritchett stated that the minimum requirement would be 1800 square feet. Councilman Dunn then j inquired about the drainage problem that had been discussed ; before in this area. It was the general concensus of every- { one that there would be little drainage problem. Mayor Tate i then inquired if anyone present in the assembly would like s' to speak for or against the zoning application. There were none and the Planning and Zoning Commission took the following action: Member Joe Kennedy made a motion to close the Planning and Zoning' s portion of the public hearing on Z-75-16. Member ! Conrad Heede seconded the motion and the motion prevailed by '+ the following vote: � Ayes : Joyce, Kennedy, Heede and Florence ; Noes: None °' � Absent: Ted Ware ? The City Council then took the following action: Councilman Dunn made a motion to close the City Council' s portion of the public hearing on Z-75-16. Councilman Oliver seconded �' the motion and the motion prevailed by the following vote: Ayes: Tate, Conine, Dalton, Oliver, Dunn, Pirkle and Dunn � Noes: None Mayor Tat e then declared the public hearing on Zoning Appli- � cation No. Z-75-16 closed. � a ' The next order of business was for the City Council and the Planning and Zoning Commission to hold a joint public hearing on zoning application No. Z-75-17; Antimony Corporation re- questing "C-2" Community Business District on a tract of land � generally known as Silverlake Farm, 816 Ruth Wall Road. The owner of the property is Antimony Corporation. Mr. Galer appeared before the joint session to make his presentation for Antimony Corporation. Mr. Galer stated that Antimony Corporation had owned this (30) thirty acres since 1961 and the company used this land mainly for recreational purposes. He stated that the property was located in the "B" noise zone from Dallas/Fort Worth Regional Airport. He further stated that he was surrounded by commercial and industrial zoned property. He � further stated that Antimony had plans for building a motel on the site `,,iith facilities for tennis, boating, and fishing at ; , i the lake. Questions were now in order from the Planning and Zoning Commission. Member Conrad Heed inquired about the type of � business Antimony Corporation was engaged in. Mr. Galer explained that Antimony was a corporation that dealt in real estate. Questians were now in order from the City Council. Council- man Dalton inquired about the future land use of this tract ' of land according to the Future Land Use Map of the Master � Plan. It was explained that the future use was recommended ' for R-3, Multi-family. � Mayor Tate then inquired if there were any persons present ; in the assembly that would like to speak for or against the ; zoning application. There were none and the Planning and ' Zoning Commission took the following action: Member Joe Kennedy made a motion to grant the request. Member David � Florence seconded the motion and the motion prevailed by ' the following vote: ; Ayes . Joyce, Kennedy, Heede and Florence � ; Noes : None Absent: Ted Ware � � � ; The City Council then took the following action: Council- I � man Murphy made a motion to grant the request. Councilman i '; Dunn seconded the motion and the motion prevailed by the ' ! following vote: � i Ayes: Tate, Conine, Dalton, Oliver, Dunn, Pirkle and Murphy � Noes: None � t ; § `= Mayor Tate then declared the public hearing on Zoning � ' Application Number Z-75-17 closed. � J ` Mayor Tate then called a recess at 8:15 P.M. and explained � i , a that the City Council would reconvene in the Council Chambers ; ; to consider further agenda items and the Planning and Zoning j " Commission would reconvene in the Conference Room to consider ; } ` the two zoning applications. � , E Mayor Tate called the meeting to order at 8:30 P.M. with all ' � members of the City Council present. � � The next order of business was for the City Council to present 3 a resolution to the owners of the Grapevine Opry for the many i services the City has received in their behalf. The City ' = Secretary read the resolution and Councilman Dunn made a motion i ; to approve the resolution as read. Councilwoman Conine seconded i f the motion and the motion prevailed by the following vote: � Ayes: Tate, Conine, Dalton, Oliver, Dunn, Pirkle, and Murphy � ( Noes: None j ; � i � ; Councilman Dalton then presented three copies of the reso- � ;: � lution to Chisai Childs Anderson, representing the Grapevine Opry. j RESOLUTION NO. 75-31 � I ; A RESOLUTION EXPRESSING APPRECIATION FOR THE VALUABLE SERVICE RENDERED TO THE CITY OF GRAPE- � VINE, TEXAS BY "AUNT SUSIE" SLAUGHTER, CHISAI � CHILDS ANDERSON AND ANDY ANDERSON AS PROMOTERS � AND OWNERS OF THE GRAPEVINE OPRY. � � I � 1 � , � � ; The next order of business was for the City Council to con- � � sider the second reading of an ordinance adopting the rate ? � increase as made by Lone Star Gas Company. The City Secre- tary read the caption and Councilman Murphy made a motion ' to pass and approve the ordinance on the second and final reading. Councilman Dalton seconded the motion and the motion prevailed by the following vote: Ayes : Tate, Conine, Dalton, Oliver, Dunn, Pirkle, and Murphy Noes: None ORDINANCE N0. 75-36 i AN ORDINANCE FIXING AND DETERMINING THE GENERAL � SERVICE RATE TO BE CHARGED FOR SALES OF NATURAL ; GAS TO RESIDENTIAL AND COMMERCIAL CUSTOMERS WITHIN THE CITY LIMITS OF GRAPEVINE, TARR�NT k COUNTY, TEXAS, AND PROVIDING FOR THE MANNER IN WHICH SUCH RATE MAY BE CHANGED, ADJUSTED AND AMENDED. � The next order of business was for the City Council to consider the bids for the City Depository. The City Manager stated that the bids were for a two year period `! starting October l, 1975. The City Council then reviewed the bids and the City Manager recommended that First National Bank of Grapevine be awarded the City Depository. The bids ' are labeled Exhibit "A" and "B" and are attached hereto and made a part hereof. Councilman Dalton made a motion to award ; ; the City Depository to the First National Bank of Grapevine '' for a two year period beginning October 1, 1975, as bid. ' '� Councilman Pirkle seconded the motion and the motion pre- ` ` vailed by the following vote: Ayes . Tate, Conine, Dalton, Dunn, Pirkle, Murphy Noes . None Abstaining: Oliver '� Councilman Oliver stated that he was abstaining because his i wife was an employee of the First National Bank. , � i i The City Council then heard a report from willis Pirkle, chairman of the Utility Committee. Councilman Pirkle stated that the committee had recommended that the rate increase as requested by Texas Power and Light Company be approved. He further stated that Texas Power and Light had agreed that if '� Waco or any other class "A" city found that Texas Power and Q ' Light did not deserve that much increase, they would reimburse " I � the difference to the Grapevine customers. The increase is about a 11/ increase allowing them a rate of return of 7.15. � The City Secretary read the caption of the ordinance and stated that this was for a first reading consideration. � Councilman Dalton made a motion to accept the recommendation . 4 i of the Utility Committee and pass the ordinance on a first reading basis. Councilman Murphy seconded the motion. Council- i man Dunn then inquired for the record if the City Attorney had � received the information he had requested. The City Manager explained that the City Attorney did receive the information and that he concurred with the recommendation of the committee. Councilwoman Conine then inquired as to how much this would raise the average monthly bill. Mr. Charles Page, representing Texas Power and Light stated that the average residential bill would increase from $26.44 to $30.16. Mayor Tate then called � i , t for a vote on the motion and second: Ayes: Tate, Conine, Dalton, Oliver, Dunn, Pirkle and Murphy Noes: None The next order of business was to consider the minutes of the September 16th meeting. Councilman Dunn made a motion to waive the reading of the minutes and approve them as pub- lished. Councilman Oliver seconded the motion and the motion prevailed by the following vote: Ayes : Tate, Conine, Dalton, Oliver, Dunn, Pirkle and Murphy � Noes: None The next order of business was for the City Council to consider a plat revision of Lot l, Block 9, Section 2 out of the J. L. Whitman Survey of the Grapevine Lake Estates Addition to the City of Grapevine, Texas. This item has been added to the agenda as an emergency item because the owner of the lot is ready to begin construction and further delay will cause a hardship. The City Secretary introduced the replat and gave a brief history describing the location. He then stated that the Planning & Zoning Commission had recom- mended approval. There was little discussion and Councilman Dunn made a motion to approve the replat as presented. Council- man Oliver seconded the motion and the motion prevailed by the following vote: Ayes: Tate, Conine, Dalton, Oliver, Dunn, Pirkle, Murphy Noes : None There being no further business, Councilman Pirkle made � a motion to adjourn the meeting. Councilman Dunn seconded � the motion and all present voted aye. The meeting was ; � adjourned at 8:55 P.M. � PASSED AND APPROVED this the 7rN day of �e�v��i� , 1975. .�-t� MAYOR � ATTEST: � � � � � CI SECRETARY � � � � � � �, � � � � ! � �•---�---- _ _ _ � ; . , � �� �� �' EXHIBIT A � OFFICIAL BID � � FOR APPOINTMENT AS CITY DEPOSITORY � OF THE CITY OF GRAPEVINE, TEXAS � ' T�_ AMERICAN BANK OF C OMMERCE �' � ' hereby submits its bid to act as City Depository for the City �. x of Grapevine, Texas, for the period of two years beginning �: Octaber l, 1975, and agrees to the following tenns if the bid �' is accepted. � � � � 1. The Bank agrees to receive funds of the City-�,�f Grapevine, R Texas, from all sources in line with custamary existing � statutory regulations. . . � �' 2. As security for the deposits of the City of Grapevine, Texas, �, the Bank will pledge to the City of Grapevine, Texas, securities � � equal to the largest�balances the City af Grapevine, Texas, � maintains in the Bank. Substitution of securities or change.: . � of total amounts of securities may be made only by and with � proper written authorization approved by the City of Grapevine, � 'Texas. �' Joint receipts will be made with � Ret�ublic National Bank - Dallas, Texas k ; ¢ F � S' 3. The Bank agrees to pay the following rate of interest on time �' certificates of deposit: � �, LENGTH OF TIN1E LESS THAN ($100, 000.00) � OF DEPOSIT - ' ($100, 000.00) OR MORE � � � E 30 days or Ionger 7.25 / per annum 7. 75 % per annum z: � 60 days or longer 7.50 / per annum - _-- 8. 00 % per annum � � � 90 days or longer 7. 75 % per.Y annum 8. 75 /o per annum �. 120 days or longer 7, 75 % per annum 8. 75 % per annum �. � � 6 months or longer 7. 75 % per annum 8. 80 % per annum � � � 12 months or longer 7. 75 /o per annum 8, 90 / per annum g ; � r M � 4. The Bank� will� germit.: ouerdraft-s qn any fund without charge � --�so long as the amount daes not exceed the total of all fund �: balances. � �; _ � ` 5. The Bank will lend the City of_Grapevine, Texas, suffic.ient � �. funds for current operation. at. a r�te of interest of 5. 25 �' per cent per :annum, simpl� i:nterest. � a � 6. The Bank will furnish the��.following materials and servi�es � 1 without charge: - - - � , � ' �. � a. Bank_Exch:ange . b. Cashier' s Checks - k: � c. Adequate safety deposit box e d. Pr'inted checks, as specified by the city' s various funds ' and special computer farm checks for Payroll, Expense, and � Misc. accounts. I j � . . � � � i � . . . . � e. To act as paying agent for bond or coupons for the City (if called upon) f. Purchase Treasury Bills (if required) g. Furnish sufficient zipper, locking type canvas bags for the operation of all departments. h. Furnish other supplies as follows : � 1) . Rubber ink stamps for marking deposits � � 2) . Money wrappers and money envelopes 3) . Deposit slips (in books) . � i. Monthly statements of all accounts with cancelled checks properly returned. j . No charge for the stop-payment of any check k. Night Deposit l. All other customary bank services without charge except those required by State or Federal Law. � e IF ANY OF THE ABOVE SECTIONS OR ITEMS CANNOT BE MET, PLEASE DELETE THEM CLEARLY. DO NOT LIST ANY ALTERNATE PROPOSALS. � ONLY THE ITEMS REQUESTED IN THIS BID PROPOSAL WILL BE CON- � SIDERED IN AWARDING THE CITY DEPOSITORY. THE CITY RESERVES THE RIGHT TO REJECT ANY OR ALL BIDS. BIDS FOR APPOINTMENT AS CITY DEPOSITORY OF THE CITY OF GRAPEVINE, TEXAS, WILL BE ACCEPTED BY THE CITY SECRETARY ON/OR BEFORE 3 : 00 P.M. , SEPTEMBER 23 , 1975. IN THE OFFICE li. OF THE CITY SECRETARY, 413 MAIN STREET, GRAPEVINE, TEXAS, AND AT SUCH TIME, BIDS WILL BE OPENED. THE CITY COUNCIL WILL CONSIDER THE APPOINTMENT OF A CITY DEPOSITORY SEPTEMBER � 23, 1975, 7: 30 P.M. , CITY HALL. � t Submitted this the 23rd day of September , 1975. � � AMERICAN BANK OF COMMERCE �. NAME OF BANK �. � 1205 SO. M , RAPEVINE TEXAS 76051 � � ADDRESS BY: Roger lou esident � ,_�._._. � � .. 1. - � y i: EXHIBIT "B" " OFFICIAL BID :� FOR APPOINTMENT AS CITY DEPOSITORY � OE THE CITY OF GRAPEVINE, TEXAS ; � `I'� Fi r¢t Nati c�nal Rank nf (;ra=Qvi nP i hereby submits.� its bid.>:ta act as City Depository for the City of Grapevine, Texas,� for the period of two years beginning October l, 1975, and agrees to the following terms if the bid i is accepted_ ;� � ; � 1. The Bank agrees to receive funds of the City of Grapevine, � !, Texas, from all sources in line with customary existing � s�atutory regulations. . ( � � 2. As security for the aeposits of the City of Grapevine, Texas, � ; � the Bank will pledge to the City of Grapevine, Texas, securities.� � ', ' equal to the largest bal�ees the City of Grapevine, Texas, , j maintains in the Bank. Substitution af securities or change � of total amounts of securities may be made only by and with � i � proper written authorization approved by the City of Grapevine, t � ' Texas. ` i � Joint receipts will be made with the � ' First National Bank in Dallas and/or Ft. Worth National Bank and/or � Federal Reserve Bank of Dallas p; f � 3 . The Bank agrees to pay the following rate of interest on time �; , certificates of deposit: 6 j LENGTH OF TIME LESS THAN ($100, 000.00) � ! OF DEPOS IT ($1Q0, 000. 00) OR i�IORE � � k ' 30 days or longer 7.5 % per annum g,_�g_% per annum G: i 60 days or longer - 7.5 % per annum 9•03 / per annum { 90 days or longer 7.5 / per annum g•28 % per annum ; 120 days or longer �_ �_% per. annum i 9•28 / per annunt 6 months or longer 7.5 % per annum g•28 % per annum 1 1 12 months or longer �, 5 /o per annum 9•28 /o per annum i 4. The Sank will permi,t overdrafts on any fund �ithout charge 4 ° so long. as the amount. .does not exceed. the total of all fund � balance�. -- � � ; � � 5. The Bank will lend the City of Grapevine, Texas, sufficient � o.20 ; funds for current operation at a rate of interest of � � per cent per annum, simple interest. � i � 6. The Bank will furnish the following materials and services , � without charge: t ,,' � ��'y a. Bank Exchange � � b. Cashier' s- Checks I ; c. Ac3equate safety deposit box j d. Printed checks, as specified by the city' s various funds ' and special computer form checks for Payroll, Expense, and � ' Misc. accounts. � l i i 1 � � � � � , �-r . i � ' e. To act as paying agent for bond or coupans for the City {ii ealled upon} ; f. Purchase Treasury Bi].ls (if required) j g. Furnish sufficient zipper, l.ocking type canvas bags for � the opera�.ion of all departments. i h. Furnish o�her supplies as fal3ows: R 1) . Rubber ink stamps for marking depo�its ` 2} , Maney wrappers and maney enveloges � 3) . Deposit slips (in books) ��: � � i. Manthly s�atements af aIl accaunts with cancelled � � checks properly returned. � j . No charge far the stop-payment of any check � k. Night Deposi�. '` l. All other cus�omary bank services wzthaut charge excep� ; � those required by State or Federal Law. ! ; i � _ ` i ° i t � ; r IF ANY OF THE ABOVE SECTIONS OR ITEMS CANNOT BE MET, PLEASE i DELETE THEM CLEARLY. DQ NOT LIST ANY ALTERNATE PRQPOSALS. � E ONLY THE ITEMS REQUESTED IN THIS BID PROP4SAL WILL BE CON- i SIL7ERED IN AWAR.DING THE CITY DEPOSITORY. THE CITY RESERVE� i THE RIGHT TO REJECT ANY OR ALL BIDS. i � BIDS FOR APPOINTMENT AS CITY DEFQSIT4RY OF THE CIT1' OF � GRAPEVINE, TEXAS, WILL BE ACCEPTED BY THE CITY SECRETARY � f: ONf OR BEFC)RE 3:00 P.M. , SEPTEMBER 23 , 1975. IN THE OFFICE � j '; OF THE CITY SECRETARY, 413 MAIN STREET, GRAPEVINE, TEXAS, � AND AT SUCH TIME, BIDS WILL BE OPENED. THE CITY C4UNCIL � � WILL CONSIDER THE APPOINTMENT OF A CITY DEPOSITORY SEPTEMBER '' � � � � � 23, 1975, 7:30 P.M. . CITY HALL. � f ; Submit�ed this the 23 day of Septemlaer , 1975. � ! � I ( � ! � � F�,Y�st Nati_pnal T3ank �f C'zra,�aVinQ i NAME OF BANK i i � ! + �j ; P.O. Drawer H Grapevine� Texas 76051 i � ADDRESS � � /''�.., �� 1 � . } Y� ,..� "ti � � "-� /}� � � BY: / �� -� _ , Wm. H. Kaker, President �: �