HomeMy WebLinkAbout1981-02-10 - Special City CouncilSPECIAL SESSION-TUESDAY
FEBRUARY 10, 1981-3:00 P.M.
CHAMBER OF THE CITY COUNCIL
CITY HALL, STEPHENVILLE, TEXAS
The City Council of the City of Stephenville, Texas, met in
Special Session, Tuesday, February 10, 1981 at 3:00 p.m. with Mayor
Joe F. Cummings present and presiding.
COUNCILMEMBERS PRESENT:
Mike Leese
W. M. Irwin
William G. Brede
Charles Riggins
COUNCILMEMBERS ABSENT:
None
OTHERS ATTENDING:
City Administrator Kurt Ackermann
City Secretary Joyce Pemberton
City Attorney Joseph Chandler
Director of Finance Charlene Young
Director of Public Works R. Y. Gann
Director of`Utilities Danny Johnson
Financial Advisor Jack Gray
Consultant Engineer Conrad Callicoatte
Raymond Anderson
E. 11. Ferguson
Larry Hammett
David Clayton
Mayor Cummings called the meeting to order and declared a quorum
present.
Mayor Cummings explained that the purpose of this meeting was to
discuss funding of Water Works Improvement Projects with Jack Gray and
surface water possibilities with Conrad Callicoatte.
ITEM I: FUNDING OF WATER WORKS IMPROVEMENTS -JACK GRAY
Mr. Gray explained the Advance Refunding Process. He said the city
would use this process for economic reasons; to wit, the interest savings
derived due to lower interest costs on the refunding bonds.
The bonds would be for approximately $500,000.00 at 81/2 to 83/4 per
cent interest.
Mr. Gray and Mr. Chandler advised the Mavor and Council that the
city could not legally borrow the money from the local banks on a note
After a lengthy discussion, it was the consensus of the Mayor and
Council to set Tuesday, February 17, 1981, as the date for a Special
Session to consider a Resolution approving and authorizing the giving
of notice of intention to issue revenue bonds.
ITEM II: DISCUSSION OF POSSIBLE SITES FOR SURFACE WATER-
CONRAD CALLICOATTE
Mr. Callicoatte discussed three possible sites for surface water
and their approximate yield of water; to wit, 1) Lake Palo Pinto,
2) Lake Benbrook and 3) the Paluxy River. Of the three sites, he
felt the Paluxy River was the best possibility.
After much discussion, it was the consensus of the Mavor and Council
that Mr. Callicoatte should start proceedings to try to.secure the water
rights for the city.
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Mayor Cummings advised that he would contact the officials at
Glen Rose to see if they would be interested in participating.
There being no other business to come before the Council, the
meeting adjourned.
May -
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SPECIAL SESSION-TUESDAY
FEBRUARY 17, 1981-3:00 P.M.
CHAMBER OF THE CITY COUNCIL
CITY HALL, STEPHENVILLE, TEXAS
The City Council of the City of Stephenville, Texas, met in
Special Session, Tuesday, February 17, 1981 at 3:00 p.m. with Mayor
Joe F. Cummings present and presiding.
COUNCILMEMBERS PRESENT:
W. M. Irwin
William G. Brede
Charles Riggins
COUNCILMEMBERS ABSENT:
Mike Leese
Larry Hammett
David Clayton
OTHERS ATTENDING:
City Secretary Joyce Pemberton
Director of Public Works R. Y. Gann
Raymond Anderson
E. W. Ferguson
Mayor Cummings called the meeting to order and declared a quorum
present.
Q GIVING NOTICE OF I
ISSUE
Mayor Cummings explained that the purpose of this meeting was to
consider a Resolution approving and authorizing the giving of notice
of intention to issue revenue bonds.
Mayor Cummings read the Resolution in its entirety. (Resolution
attached to and becoming a part of these minutes).
After discussion, Councilman Anderson moved, seconded by Council-
man Brede, that the Resolution by the City Council of the City of
Stephenville, Texas, approving and authorizing the giving of notice
of intention to issue revenue bonds be passed and approved as read.
Motion carried by the following vote:
AYES: Mayor Cummings and Councilmen Irwin, Brede, Riggins,
Anderson and Ferguson.
NOES: None
ABSTAINED: None
ABSENT: Councilmen Leese, Hammett and Clayton
Mayor Cummings advised the Council that he had talked with an
official in Glen Rose pertaining to their participation with the city
to obtain water rights on the Paluxy River. He said he seemed very
interested and wanted him to keep him informed as to what the city
is doing in this respect.
The Mayor said he would keep the Council advised of developments
in that area.
There being no other business to come before the Council, the
meeting adjourned at 3:20 p.m.
Mayo
ATTEST:
ty ecretary