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Home My WebLink About1967-09-05 Regular Meeting 2 � SEPTEMBER 5, 1967 A regular meeting of the Gr�,pevine City Cauncil was held on 5eptember 5, 1967. Menlbers present were P�layor UToods and Counci lmen Benedict , Pirkle , Huber, Dalton and Foust. Bids were oper�ed arid rea�l for thz custody of City Funds for the two yEar period beginning October l , 1967 and ending September 30, 1967. Bids were from the Fir�st National Bank of Grapevine and the American Bank of Commerce of Grapevi �te. A copy of these bids are attached hereto atld are a part of the minutes. Rlfotion by Councilman Foust, seconUed by Counci lmat� Dalton to set a call meetin;g for September 7th to make the award of the cor�t eact. P�4otion carried by a yes vote by Councilman Be�edict, Pirkle,��ton and roust. There were no noes. On this date a public hearirlg was held �or the consideratior� of Re- zoning appl.ications nos. b7-1� and 67-1�. i�-lotion by Councilman Foust seconded by Councilmart Huber to accept the recommer:dation of the Pla�lning and Zoning CommiJJ�.O�{ attd decline �1�� applic.ation 67-1L� � on which Robert Gallagher had asked for "B" Dwelling �2istrict II'� Zoning on the �outh Half of 'Lots 1 thru ��., Block 101.�. College heights ', Addition. Motion carried by a yes vote by Councilmen Benedict, � Pirkle , Huber, Dalton and Foust. Th�re were r�o noes. ; it7otiorz by Cou��i lman Pirkle , seconded by Counci lman��o accept the ! recommendation of the Planning and Zoning Commissson and to approve ; rezoning Application no. 67-1� on whichl�Rrs W. R. Iloy� applied for ! "G" L.ocal IIusiness District on her 63. 13 acres in the Leonard Survey arid bounued on the South by Hi ghways 11I.� anc� I21 and on the North , by Wildwood Drive. and to pass Ordinance Number 67-25 enacting the change. 1�4otion carried by a yes vote by Couticilmen Benedict, Pirkle, Huber, Dal�on and Foust. There wei�e no noes. �� Bids ot1 a tractor-loader with backhoe were opered. IIids rec�ived were; Vi 11age Creek Equiprn�nt `� 7 ,200.00 H.L. Pet�rson Co. 6,7g�.00 Leonards Farm 8 Ranch Store 6,625.OQ = Hatcher Tractor Co. 6,297 .93 f i I Motiort by Councilman Fcust, seccr�ded by Councilman Be,nedict that a � corrimittee cor<sisting of Doyle Dalton, Wi11is Pirkle, Jesse Williamson ( and Jim Hanccck to study the bids a�d rnake a recomm�ndation ta the I Council for ttie best buy for the City, by Thursday, Sept. 7th. ' I�iotion carried by a yes vote by Counc�i lmen Benedict, Pir}cle, Huber, Dalton ancl Fous�. Ther� w�:re nc r�oe5. � ]l�otion by Councilman Pirkle, seco�ded by Councilman Fou�t te offer the x��xx I ailey by Tommy Eidson to him for `:>lOQ.00 u�•ith hin paying all costs. n,�?otion carried by a yes -vot�: by Cour�cilmer� Ber;edict, Pirkle , Huber, � Dalton and Foust. T}iere were r�o noes. The J.W. Tanner subdivision was reviewed . Motion b,y Councilman Dalton, � seconded by Councilman Pirkle to accept and approve the J.W. Tanner i � subdivisio:� as appraved by the Pla.nning anU 2o�ing Loard. P�lotion carried f.�y a yes vote by'� Coun^i lmen Benedict, Pir�cl� , Hu�er, Daltor. and Foust. There were r�o noes. I � Requests for additional street lights were discussed. P,�iotion by � Counci2man Foust, seconc�ed by Councilman Pir�cle to authorize Texas f Pow�r & Light to p2ac� street ligh.ts en ScribnEr Street in the 300 � block and one at the carner of Ridge Lane arzd Lakeview Dr. . . IUfotion � carried by a ye.s vot�,: by Courtcilr.�en Benedict, Pirkle , f-iuber, Dalton � ' and rous�. There were nc noes. I a public hearing on the proposed bud et for the fiscal ear be innin �J Y 9 9 iOct�ber 1 , 1967 was set for September 19, 1967. ' Meetinc adjourrled. I � t S�cre -�r — r � � Y Y ;,.9ayo r �p � , � � . , �..._ . ,.. , � . , � � � .�o=, �{ ��. �� '' � - �,r. ,� � � � � � � � � ,�. � 4� . . W`' : ��.-� . . . . � �� .T: � . � � � : , �a�� ~ � ' ��T l\T�,��:`T.� ��1�T� � �:' � OF GRAPEVINE '�s`RAPIi�ZNI��T��.AB t� W�..H..K�ucert y x � �X[CUtW[VICE PRESIDENT � � � �. 3�gtsmber 5, 1967 �; , �� . � � � � � ` ;� RoII. k�U►oz' and Citg Cc�anail � � x 'C�t;� �rt tlr�pa�ri� . a r � Grap�+rl�s, ?a�u � ,�. t'��tla�e�s . �' ' ��, .� �S�si6neds hs?'+eby' spply to act ss Cuatodian or Depository of ;a�.��t��t'�c1��`.�°�ate�P't Yar�th0as inwsted in II. S. �astu'Y obligations, for ; -, 4 . '�di �,t� �S�' '�i�od �1n� Oatober 1, 1967. � ' I'u oonn�eeti.oa� �th; #.hia sppliaation, aad se tsriu thereof, the follvwing � ��. �d�� tt's�t 3aa �t3dition �to at� athers that have besn or �ny be perFormsd ��' C3,, H�pOa�.t.a�jr o! the City of Grapevia�: �; �f`;� ` � t ��< h �� -�'� ��' �� 6-T'o r��iva 11u�d��ot ths��City and to bs rssponsibl,e for �their �Oropsr � � t � �;� :� ' '� �►t'��piag a�c'1 aoaaanting aa rsqnired or pmrstittsd by etatutory r�3.ations. � � ; ,,,, �' ° � � �� ,� � y � � , 2, , ,�� ase�it� far t}i� d�pasit of said lt.inds to plsdge to the City ad�quste �� ,�F h � � �s, ar s�aurities aa requirsd or per�itt�d b�► Lw, and to at,aags s � ��'� �t�r c►a1�► iri.th p�oper suthariution i'rc� ths City, Joint reaeipt k �� . , ` � ' , �#iss xill b� �de �ither xith the Firat Aational Hank in Dallas cn � ' � `� � � � `�� -��r+h Bant of Dallaa. . ` " �. d.}t _ � . j�l h �:3 .. 4# ' . . . "�� q� "�3� �tifiaat.�a of D�posit o� the GitT to pp to the City intarest , F �� t� `C � `'� � /� :rstes: �t � � � €i'�'YV. ��..:�A�V�� . 'SY � � g t^" � .. . . ..� � . . . $�� • :, I��rra (5�) per; osnt per anaum on a�► depcait uryder �100,�00.00 for ststed �� , . �" ,�� -° � � , , �� . .; . p,�3cads of tims tYam 30 days to one �ear. � , � � � `�,'�t �ud� o�►s half (5�) Per c�nt psr � �on� aay dsp�stt o�f ;'f00�OOO.QO � ox�.�rars !ar stated perioda of time irotn 30 days to on�s yrar. �� - 4. Desrcnt d�posit �►coaant overdraf'ts will be psrmitted tctaling np to �?S��O.00 up to 31 ooneeautive days vithvat chsrge to ths City. If • , � p�trd,raft psriod exaeeda 3� daye, intsrset at the rsts ot 0.9"� per- ' ' am�t��t�ill b� charged for enttre overdraPt period, baeed on a daily . a�v�sr�gs orerdratt bdsis. � n � � � � , � ��, � �; , ,r..� ... . . ' . . � . . . . . Lti . . � �t: . . . .. � . . . ��.n . . . . ' . . . . . . ' . .. J• . . . .. � �!'f i � . � � . . . \ M S , ��i 3'� . .._.�c�.d� . . -,.�.,.:�..i<�� '•;r.rzs.'a,4...v..�':.. . .:'�. x ,.. `�'`�� . � ".�.a r�..:�:.��e,\''�'"F`t'� �C ?4'�. . . .. .. . . .. , .. ".�i'. -.-,� ��.�� ., .. _ ., _ � -. � � + � ��;� � { f W�� K i � �� F f��LLf� �� . r�� ^� . �� f 4 r, 3. gi .-.�....�• , ,� . �: i � � ,. _�\_ . �. �� ..... ... .. . . r:. � a � . �� 1�..�..��.��.�. �� , $ OF C3RAPEWiNE j � �arRAI�`1'1N��'�aA.�S � � WM.H.KAKER j EXECUTrv[ViGE PRESIpEM � , ��. � . ,# � City 1�epoaitory Application — Cantinued: � � 5. The follaring aernicea and me,terials will be tlu�nished wSthaat aharge: � � (• Hant 1l�c�hwa�� aru3 �:.: ?�c�y �3+tr+r, 1 (b Adequate esfety dspoait boac, � (a Prittted ahscks, aa apsaified for the vaariaue Citg i't�ndr�, su3equats to aerve City nesda. (d} To aat as payirig agent for bonds or cwpons for the City. {e) Pt�rchase U, S. Go�ernment ob2igation� for the City on rsquest aad �. t�zrnish prvper asfekesping receipte. � (f) I�ight Depoaitory aer+rice� iacsl.uding �fPicf.ent sippsr, lxking s '�FPQ �8s Yor nsceaaarg itzmda (if raquestad). (g� Hank—Bg-�il aerviee if desired, With poatage ps,id bath way�. ; (h l�irni�sh depaait �lipe, money wrappare aad au�h other 3tema as � are z►�css�eary for i�rnish3ng sstisfaictory depasitory serviae. s (f} Mo�nthly statement af e�l]. e►ecount� with cancel].ed� checks p�operl� � � � raturaed� � £ 6. Lcraa�s Wil.l be mede ta the City (within 2imits a! statutse permittfzsg � , Municipalitiss to borrai maney� far a period of tias nat Lo saraasd the remaining #�rm of the City Dmpo�itcary ssantract at a rats ai 0.� per a�num. _ � � ;' Tha F3arfit I�ational B�nk trvald alao like to point aut thut a twmber of ita � � � ' ��i.csre and directora bavr served on the City Cauncil and tlut tvo oY ita pmeaent `' � '' :�ezntiv� oftiaars ha�nr ser�►ed at least twa terms on tbe Caunail, vitb bath serving ��, �.,�j �jror Prcr Ten �'or st lsaat a aabatantia�l psrt af that tims. This earperienae . sh+oul�! � as seibs�aati+al fa►1�� Lo the Cit� in hwn�llina tl» Cit�'• financial aSfaira. , ,. Ano#�her bsaefit ta the Gity of #.hia bid during the nezt #�ra geara sha�xl�i bs ; the pzc�oc�aity of First National Baak to the C3ty Haa1 �se xell aa tar the off3�e ot . Mqyor Wooda). Thi�a ehcau]rd oper,�te to materially aid tha e4ficiency of the Cityta " affaire by kesping trip� to the De�poa�itory within a mi*+{+�» t3me level. t � � , � Aa the City dici not aet t'arth an� bid e�peci.fiaatiansy we wil7: bs lu�ppy+ tc � disccias an�y" Paints not �overed in thia applica�3on and aegotiata an a mutuall,y � satiatfactarg be,aia. Thia bid i� �ub�ect ta regti�Iationt► a,nd lsi+a govern3ng bida � aad tra.neactioa� resulting f'romQ acaeptance of bida of thia type. Reapectfully eubm�.tted„ c F TICfi1AL HANK OF S�PIlJE . � � ''�'�r � � _ Wm. H, Kaker, Executfve Vice Preaident �W �� , ' _ �.y� 'g->: , � � �� i� � � � y , � : , i' ,_ , _ .. . .; .� , � � . . � .< ._.. , ..,4.r. _. ;,:;.� .. . . , .,- �� .�z2'].��'1��'1 � �ank af �ommerc � � e � � � � � � � � � a , $: � D: D. Petteaon " Presldent �: s; September 5, 1967 � � . � r: �; � �� City of Gra}�rine Grapevine, Texas ?605I Gen�Iemen: The American Bank of Com.rnerce, Fcast O�fice Box 467, Grapevine, Tesuas desires to act as depositoxy for t� City of Grapevine far the biennium, beginr�ing October 1, 1967, and ending � September 30, �969. , The Bartic's proposal to the City is as fallows: ,�; ,'.�" 1. The Bank agrees to receive fiznds af the City from 3c�cai, ' �.,' a . state or federai sources in accordance with statutory regulations. 2. As security far the deposits of the City, the bank wi12 ' � ptedge to the City, in coxnpliance with State Law, � ; securities equal ta ar greater than the Iargest balar�ces . � � + the City xnaintains zn the bank, $ubstitutian of � � ': securities or cl�ange of kotal aznount af seeurities� # � �. may be made anl3� by and with proper written � authorization from City officials. �' - Joint receipt wa11 be m2�cie with: � Republic Natianal ,Bartk Dallas, Texas � 3. o� t�e a��sl�s, the bar�tc agrees to pay the following rate 'af interest: Five per cent per artrnim an any Certificate af Depasit having a rnaturity date not less than 30 days F after the c�ete af depasit. We w�.l pay five a�d one half � percent per annum on any Certificate of Deposit c�f $100, 000: 00 � or mare far thirty clays or longer. Four per cent per annum � � � y � 5 YDUR PARTNER FC?R PROGRESS j 12Q5 Sauth Main f Grapevine, Texas 7�051/817 BU 9-4506 c � � ; � ��::��` � � � � �� . , , � � � � ' City of Grapevine 2 Segtemher 5, 196? #: + � k: � � on any savings accaunt having a maturity date nat less than �, i thirty days after �he date of depasit. We will pay the legal ` � fimit on any Certi£acate of Deposit bearing a multiple maturi�y �; ; date or automatic renewal clause. This limit varies with �he `` time ele�cnent involved. � 4. The Bank will permat overdra�ts ar Iend money to the City under = Warrants or by r�tes in an aggregate amaunt at arry one tirne � of $125, 000. 00. Such Iaans will be cararied under any of the � forms mentianed above which are authorized in the City charter, r � If overdrafts are authorized, the Bank will carry up �o �75, W0,00 � � for thirty c�ays free of charge. After thir�y days a charge of ` � 1 1J2�b per annum wali be made. Loans evidenced by ei�her notes , � ar warrants will be advanced as required by the City at a rate af ; ' 1� per annum. AIl loans to the City should be of an interim na�ttre � and repayab3e after ninet�r days from either regular City ittcome � � or �he praceeds o� bond issues. However, the Bank wi11 make €; . such loans far periods a� up to svc mortths if needed. Again, the ` max�imum to be advanced by the Bank under any circumstances � ��9,�� taz� �� ia�,ooa. oo, t�� ; 5. The ��ank wi11 £urnish the following materials and services withaut � � � � charge: �� t � A. Bank Exchange � B. Cashier's Checks �` � C. Adequate safety deposi� box , ' D. Printed checks, as specified by the City's various funds; � salary, bills payable, etc., adequate to serve City needs. �. E. Ta act as payirrg agent for bond ar caupans for the Ci�y - (if � called uponj � F. Purchase U. S. Government b�ls �or the Ci�y on written � request and furnish proper duplicate sa�ekeeping receipts. �' G. Furnish sufficient �ipper, locking type canvas bags far the ° aperation of all departments. � H. Furnish other supplzes as follows: ; 1. Rubber irilc stamps far marking deposits 2. Maney wrappers and money envelope s � 3. Deposit slips � I, 1Vlanthly statement of all accounts with cancelled checks properly r returned. �. Ni��it Deposf� �aeil�ties as r�eeded. � K. Bank will provide campu�er px�yroll service for the Ci�y free of charge. Said seruice w�7.1. utciude all calculations and provision � af ftill records for both �he City and the employee. �: � $; u i � � � � � 5 � i '� '3 . .. � .. . . . . . . . � . .. � ...__.__�..,_..� ,. ... , _ . _ st... ,. � __ .� � _ � . , . �� _ , _ . , � ,� ''`, .,. ; � , City of Grapevine 3 September 5, 1967 ; � � � � � � 3 L. All other customary bank services �without charge except � �� those required by State or Federal Law. � K � Submitted this the 5th day of � � September 1967. � �� E AMERICAN BANK OF COMMERCE Grapevine, Texas t F; � �, �� `i By� - ° -- f D. D. Patteson, President � . f i � . l � � � , Y ( . � -�.�a - . . . " ' - S �fi' . . . . �� . . i .. . ' . . . � 6: �§ h � t. g ~, • � ;�€..:,�. . � � Yk �fr � Y"�� t.' . . . � �" �. � . . I • � i F I �+ � k � � � � � � � �9 1 ; j , � i z � � � �5... _ _. . :.;� `� .. ' . �.�.•n�*u��.��