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HomeMy WebLinkAbout1966-02-16 - Special City CouncilStephenville, Texas February 16, 1966. The City Council met in called meeting on the above date with Mayor Arthur presiding and the following councilmen present: Mrs. Doyle White, Roy Swain, Chas. Riggins, Telefus B. Cawyer and Mrs. Fred McCleskey. Mr. Taylor Almon appeared before the Council stating that it will be necessary to advertise the intent to issue refunding bonds, to cancel and refund City of Stephenville Water works Improvement Warrants of 1964- It was moved by Councilman Cawyer, seconded by Councilman Swami, that the following notice be published: NOTICE OF INTENTION TO ISSUE REFUNDING BONDS Notice is hereby given that on the 4th day of March, 1966, the City Council of the City of Stephenville, Texas, will pass an ordinance authorizing the issuance of Refunding Bonds in the amount of $274,000.00, bearing interest at a rate not to exceed 42% per annum, maturing serially in such installments and during such years as may be determined by the City Council, the maximum maturity, or final maturity _to be not later tLian 1981, for the purpose of taking up, cancelling, refunding and in lieu of a like amount of interest bearing time warrants described as follows- City of Stephenville Water Works Improvement Warrants, Series 1964, dated Se tember 1 1964, numbered 1 through 2 P , g 74, in the aggregate amount of 274,000.00, bearing interest at the rate of 4 3/4 % per annum and maturing serially on September I in each of the years 1971 through 1973, and 1975 through 1981. Motion for the above carried unanimously. J Mr. Homer Hunter appeared before the Council and explained the total cost of a Master Plan for the City would be $22,000.00; the part to be paid by the City would be split into three payments, each becoming due as amounts of the plan were completed. It was moved by Councilman Riggins, seconded by Councilwoman McCloskey, to enter into contract with Homer A. Hunter Associates for a Comprehensive Develop - ment Plan. Total cost of plan to be $22,000.00. Motion carried unanimously. Mr. George Faagan appeardd before the Council reporting the cost of work on the Square, as proposed by Mr. Hollin, would be $1L� 250.00. This figure does not include the cost of additional parking meters which will be needed for the ad- ditional parking space made available under the plan. The Mayor reported that in order to carry out the plan for traffic flow in the downtown area it would be necessary to make some of the streets one -way. This 44 would involve streets which are controlled by the Highway Deaprtment. In contacting the local engineer for the Highway Department it appears the plan is favorable. The mayor also reported he and other City Officials had looked into the possibility of securing the necessary land for changing some of the streets to one -way. It appears that this can be done at a very reasonable cost. The Council discussed the purchase of land near the downtown area for ad- ditional parking lots. It was estimated, at this time, that it would cost $150,000.00 to do the work on the Square, fix one -way streets, purchase land for parking lots and buy meters for the additional parking. These improvements to be paid for with revenue from the parking meters." THe present revenue from meters is '$14,000.00 per year, and an increase in the revenue is expected when more parking space is made avail- able. Mr. Almon advised the Council that financing may be arranged by issuring the necessary amount of Street Improvement Warrants to be paid for out of parking meter revenue. Mr. Almon also advised the Council to wait to decide the amount of warrants to issue until the cost of the project is estimated by engineers. In doing this it would save the City money by making available adequate funds rather than going through the process of financing again. It was moved by Councilman Swain, seconded by Councilman Riggins, to author - ize the Street Improvement Program and that the necessary things be done to start without delay. Motion carried unanimously. It was pointed out that the first step in the Street Improvement Program would be to get approval by Texas Highway Department, then the engineers can determine cost of figures of the project and report to the_,COuncil. There being no other business at this time, tie Council stood adjourned subject to the Mayor's call. x j A'In i y Secretary. ORDINANCE DECLARING NORTH SMALLWOOD AVENUE WHICH RUNS FROM THE SOUTH LINE OF SHIRLEY STREET ON THE NORTH SOUTHERLY TO THE NORTH LINE OF JONES STREET ON THE SOUTH AND THROUGH THE VARSITY SQUARE ADDITION IN THE CITY OF STEPHENVILLE IN ERATH COUNTY, TEXAS, TO HAVE BEEN ABANDONED AS A STREET, ORDERING SAME VACATED AND CLOSED AND AUTHORIZING MAYOR TO EXECUTE A QUIT CLAIM DEED TO DOVECOTE, INC. TO THIS STREET SO VACATED AND CLOSED BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF STEPHENVILLE: Section One North Smallwood Avenue running through the varsity Square Addition in the City of Stephenville from the South line of Shirley Street on the North Southerly to the North line of Jones Street on the South, said street being shown on the map and dedication of the Varsity Square Addition in the City of Stephenville recorded in Volume 381 at pages 217 to 219 in the Deed Records of Erath County, Texas, is hereby declared to have been abandoned for street purposes and North Smallwood Avenue is hereby declared and ordered vacated and closed as a street. Section Two Jack Arthur, Mayor of Stephenville, Texas, is hereby authorized and directed to execute to Dovecote, Inc.,for the sum of $100.00 paid to the City of Stephenville, a Quit Claim Deed covering North Smallwood Avenue as same is shown on said dedication and plat of Varsity Square Addition recorded in Volume 381 at pages 217 to 219 of the Deed Records of Erath County, Texas, which quit claim deed shall convey the right, title and interest of the City of Stephenville to the said Dovecote, Inc. and which deed shall be attested by the City Secretary of the City of Stephenville and the seal of the City affixed thereto by said Secretary. PASSED AND APPROVED this 1st cif February, 1966. Mayor ATTEST: City Secretary 123 NOTICE OF INTENTION TO ISSUE REFUNDING BONDS NOTICE is hereby given that on the T /- day of March, 1966, the City Council of the City of, Stephenville, Texas, will pass an ordinance author- izing the issuance of Refunding Bonds, in the amount of $274,000, bearing interest at a rate not to exceed 42% per annum, maturing serially in such installments and during such years as may be determined by the City Council, the maximum maturity or final maturity to be not later than 1981, for the purpose of taking up, cancelling, refunding and in lieu of a like amount of interest bearing time warrants described as follows: City of Stephenville Waterworks Improvement Warrants, Series 1964, dated September 1, 1964; numbered l through 274, in the aggre- gate amount of $274,000, bearing interest at the rate of 4 -3/4% per annum and maturing serially on September 1 in each of the years 1971 through 1973, and 1975 through 1981. The notice is given in accordance with the provisions of Chapter 163, Acts of the Regular Session of the Forty Second Legislature. Given pursu4nt to an order passed by the City Council. Jack Arthur Mayor City of Stephenville, Texas. I