HomeMy WebLinkAbout2021-09-28 - City Council Workshop 84ilifel"*As
CITY COUNCIL WORK SESSION
City Hall Training Room, 298 W. Washington (use Columbia Street entrance)
Tuesday, September 28, 2021 at 5:30 PM
MINUTES
The City Council of the City of Stephenville, Texas, convened on Tuesday, September 28, 2021 in the City Hall
Training Room, for the purpose of a City Council Work Session, with the meeting being open to the public and
notice of said meeting, giving the date, time, place and subject thereof, having been posted as prescribed by
Chapter 551, Government Code,Vernon's Texas Codes Annotated, with the following members present, to wit:
COUNCIL PRESENT: Mayor Doug Svien
Council Member Justin Haschke
Council Member Daron Trussell
Council Member Ricky Thurman
Council Member Alan Nix
Council Member Gerald Cook—via Zoom
Mayor Pro Tem Brandon Hucka bee
COUNCIL ABSENT: Council Member LeAnn Durfey
Council Member Brady Pendleton
OTHERS ATTENDING: Allen Barnes,City Manager
Staci King, City Secretary
CALL TO ORDER
Mayor Svien called the meeting to order at 5:30 p.m.
REGULAR AGENDA
1. Capital Improvement Projects
The following projects were discussed with their possible funding mechanisms:
Utility Fund Projects Cost
Long Street(Graham to Alexander) $5,000,000
Phase III East Side Sewer $4,500,000
Transmission Line and 536 Acre Well Field Development $6,735,000
281 Elevated Storage $3,500,000
Total Utility Fund $19,735,000
Sports Venue Tax
2 Additional NYC Ball Fields $2,000,000
City Council Work Session Minutes—September 28,2021 Page I 1
The above-recommended projects would be funded by Certificates of Obligation (Cos)for a total cost of
$21,735,000. Erick Maha, Hilltop Securities, was in attendance to answer questions regarding the
issuance of COs; he stated the target would be early spring 2022.
In order to support the annual cost of debt for utility fund projects, an increase in water/wastewater
rates would be required. Freese and Nichols, Inc., was in attendance to answer questions about a rate
study that had been completed to evaluate the city's ability to support the debt for the projects.
American Rescue Plan Act(ARPA)Funds- Installment 1-$2,600,000
1 Million Gallon Airport Ground Storage Tank $2,500,000
and Airport Pump Station
General Fund (Fund Balance)
Senior Citizens Center $1,000,000
Harbin Drive $10,097,474.50
Council directed staff to proceed with pursuing funding for the above projects.
ADJOURN
Mayor Svien adjourned the meeting at 7:30 p.m.
OFSTE L�
V . .•Fkjug Svie , ayor
� '``
ATTEST: =;
te. s
Staci L. in , City Secreta 0RP0 R F �O
City Council Work Session Minutes—September 28,2021 Page /2