HomeMy WebLinkAbout1977-08-04 - Special City Councillio
SPECIAL SESSION - THURSDAY
AUGUST 4, 1977 - 7:00 A.M.
CHAMBER OF THE CITY COUNCIL
CITY HALL, CITY OF STEPHENVILLE, TEXAS
The City Council of the City of Stephenville, Texas, met in Special Session,
Thursday, August 4, 1977, at 7:00 a.m., with Mayor Donald R. Jones present and pre-
siding. Councilmembers Jim Chambers, W. M. Irwin, Calvin McGee, E. W. Ferguson and
Betty Heath were present. Councilmen Raymond Anderson, Larry Hammett and Charles
Riggins were absent.
Others attending the meeting were City Administrator Marshall Shelton and City
Secretary Joyce Pemberton.
Mayor Jones called the meeting to order and explained that the purpose of this
meeting was to consider the acquisition of options to acquire land immediately south
of Harbin Drive where it meets Washington Street.
Mayor Jones also explained that the Directors of the new Town and Country Bank
had made these options available to the city at the option prices paid by them when
the bank proposed to change locations. The only stupulation being, and they will know
within '45 days, if they were unable to clear their new lite location with the State
Banking Commission, they would want the right to repurchase from the city these options
or any amounts the city might have expended in fulfilling the options at the price the
city paid.
The options involved are as follows:
1. I.D. Bramlett, 2000 W. Washington St. - -Part of Lot 14B, Block 140, City
Addition, Stephenville, Texas.
Sale Price --------------- $30,000.,
Option Price ------------ $ 1,000.
.Option Expires----- - - - - -- August 4, 1977
2. E.D.Weidner, 2010 W. Washington St. - -Lot 11, Block 140 City Addition,
Stephenville, Texas.
Sale Price--------- - - - - -- $30,000,
Option Price ------------- $ 2,000.
Option Expires----- - - - - -- February 15, 1979
3. Lemuel A. Brock, 2006 & 2008 W. Washington St. - -Lots 12, 12A, 12B and 13,
Block 140, City Addition, Stephenville, Texas.
Sale Price --------------- $50,000.
Option Price ------------- $ 2,000.
Option Expires----- - - - - -- December 26, 1978
4. R. M. Savage, 2004 W. Washington St. - -Lot 14A, Block 140, City Addition,
Stephenville, Texas.
Sale Price --------------- $30,000..
Option Price ------------- $ 1,000.
Option Expires----- - - - - -- December 26, 1977
5. Tom Hansen - -- -South 325 feet of Lot 14B, Block 140, City Addition to the ,City
of Stephenville, Texas, being a lot 325 North and South by 120 feet East and
West and adjoining Blakeney Drive on the South.
Sale Price --------------- $6,000.
Option Price ------------- $ 10.
Option Expires ------------ February 15, 1979
All option prices apply toward purchase price.
Mayor Jones advised the Council that the total cost in options would be $6,010.
and the option on the Bramlett property which expires today and, if exercised, will be
an immediate expenditure of $1,000.00 for the option and $29,000 closing price.
Councilman Irwin stated that he would like for the records to show that the City is
not obligated.to take up these options, other than the option on the Bramlett property
which is due today.
Mayor Jones also explained that in the negotiations the City did not and could
not commit itself as to when or whether the City would exercise the options nor was
the City committed as to the time Harbin Drive will be extended or if Harbin Drive
will be extended.
After more discussion, Councilman Irwin made the motion that the City take up
the options on the property as listed and execute the one on the Bramlett property
coming due today. Councilman Chambers made the second. Motion carried unanimously.
There being not other business, the meeting adjourned at 7:15 a.m.
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