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HomeMy WebLinkAbout1992-08-13 Workshop AGENDA � CITY OF GRAPEVINE, TEXAS SPECIAL CITY COUNCIL MEETING � THURSDAY, AUGUST 13, 1992 AT 6:00 P.M. CENTRAL FIRE STATION 3 CONFERENCE ROOM 601 BOYD DRIVE DINNER SERVED AT 5:30 P.M. CALL TO ORDER � INVOCATION: Mayor Pro Tem Ware + WORKSHOP 1. City Council to conduct a workshop session relative to the 1992-93 proposed budget and take any necessary action. MISCELLANEOUS REPORTS AND/OR DISCUSSION ; 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 7TH DAY OF AUGUST, 1992 AT 5: 00 P.M. , . Lin a Huff ! City Secretary � s STATE OF TEXAS COUNTY OF TARRANT CITY OF GRAPEVINE The City Council of the City of Grapevine, Texas met in Special Session on this the 13th day of August, 1992 at 6: 00 p.m. in the Central Fire Station Training Room, 601 Boyd Drive with the following members present to-wit: William D. Tate Mayor Ted R. Ware Mayor Pro Tem Sharron Spencer Council Member C. Shane Wilbanks Council Member Gil Traverse Council Member Jerry L. Pittman Council Member Will Wickman Council Member constituting a quorum, with the following members of the City Staff: Trent Petty Interim City Manager Larry Koonce Finance Director Linda Huff City Secretary CALL TO ORDER Mayor Pro Tem Ware called the meeting to order at 6: 15 p.m. INVOCATION Mayor Pro Tem Ware delivered the Invocation. ITEM 1 WORKSHOP, PROPOSED 1992-1993 BUDGET Interim City Manager Trent Petty continued the budget workshop by review of the Convention & Visitors Bureau (CVB) budget which includes the Convention Center and Historic Preservation and Cultural Affairs. Hotel/motel taxes are anticipated to increase almost 6� in FY93 allowing the CVB to project expenditures at $2, 163,286. 00. The Utility Fund reflects a 15o water rate increase and a 5� rate increase for wastewater service due to the increased cost for water and wastewater service from the Trinity River Authority. The rate increase will result in the average resident paying $1.76 more per month for water and $.80 a month more for wastewater. In the Debt Service Fund, bond interest and principal payments will increase by 10$ in FY93 , which reflects payments for bonds sold in January 1992 and the first installment for the bonds to be sold in 08/13/92 September 1992 . The impact of the increase has been offset by transferring $1, 050, 000. 00 of interest earnings on bonds previously sold which enables the tax rate to remain the same. The refunding of bonds in January 1992 reduced payments by $175, 000. 00 in FY92 and by $76, 000. 00 in FY93 and will continue to have a similar affect over the life of the refunded bonds. The Golf Fund reflects significant changes for FY93 with the entire operation of the course by City employees (formerly contract) and the acquisition of all capital equipment and items associated with the change. The operating budget contains $195, 000. 00 of capital purchases for the acquisition of 62 golf carts; $35, 000. 00 for cart trail repairs and $2, 000. 00 for irrigation expansion. The proposed green fees increase, as well as acquisition and management of the golf carts, will result in significant revenue increases in the Golf Fund which will allow other improvements to the Golf Course. Mr. Petty reported personnel benefit costs are anticipated to increase up to 45� due to group health, life and dental insurance. The City is currently reviewing options in an effort to reduce the costs and still provide adequate insurance for employees. He then briefly reviewed the proposed capital projects for FY93 . NOTE: Council Member Wickman left the meeting at this time. Finance Director Larry Koonce reported the proposed budget reduced 265 accounts in the amount of $1.5 million and increased 286 accounts in the amount of $1.7 million. Mr. Petty noted the $1 million reduction had been returned to the budget, representing additional funds available for beneficial services to the community. The City Council commended Staff for the preparation of the proposed budget, and it was the consensus of the Council to cancel the budget workshops scheduled for August 19 and 20, 1992 . ADJOURNMENT Council Member Pittman, seconded by Council Member Wilbanks, made a motion to adjourn at 7 :55 p.m. The motion prevailed by the following vote: Ayes . Tate, Ware, Spencer, Wilbanks, Traverse & Pittman Nays . None Absent: Wickman PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the lst day of September , 1992. 2 08/13/92 APPROVED: � William D. Tate Mayor ATTEST: Li da Huf City Secretary 3