Agenda FinalRegular City Council Meeting September 2, 2008
LOCATION: 1400 Main Street, Southlake, Texas
Council Chambers in Town Hall
WORK SESSION: 4:00 p.m.
1. Call to order.
2. Invocation: Scott Berry, Chaplain of the Month
3. FY 2009 Budget
4. Erosion and Sediment Control
5. Discuss all items on tonight’s meeting agenda.
REGULAR SESSION:
1. Call to order.
2A. Executive Session.
2B. Reconvene / Action necessary from Executive Session.
3A. Mayor’s Report
1. Proclamation for Polycystic Kidney Disease Awareness Month
2. Proclamation in recognition of the Southlake Green Dragons winning the USSSA 16U State Baseball Championship
3B. City Manager’s Report
3C. Parks and Recreation Board Report
CONSENT AGENDA:
4A. Approve the minutes from the August 19, 2008, regular City Council meeting.
4B. Excuse a City Council member for absences from meetings.
4C. Resolution No. 08-046, Annual review of Investment Policy and Investment Strategies.
4D. Ordinance No. 945, 1st Reading, Approve a negotiated resolution between the Atmos Cities Steering Committee and Atmos Energy Corp.
4E. Ordinance No. 480-509A, 1st Reading (ZA08-072), Zoning Change and Development Plan for Cotswold Valley (FKA Estancia) at 579 N. Kimball Ave. Current Zoning: R-PUD. Requested Zoning:
R-PUD. SPIN #6.
REGULAR AGENDA:
5. Public Forum.
6A. ZA08-061, Revised Site Plan for Watermere at Southlake Clubhouse on Lot 4, Block 1, Watermere Addition at 301 Watermere Dr. Current Zoning: S-P-2. SPIN #15. PUBLIC HEARING
6B. Ordinance No. 480-566, 2nd Reading (ZA08-056), Zoning Change and Concept Plan for Lots 9-12, J.H. Childress No. 254 Addition at 3010 Lake Dr. Current Zoning: AG. Requested Zoning:
SF-20B. SPIN #3. PUBLIC HEARING
6C. ZA08-057, Plat Showing for Lots 9 – 12, J.H. Childress No. 254 Addition, being Tract 3D2, J.H. Childress Survey, Abstract No. 254 at 3010 Lake Dr. Current Zoning: AG. Proposed
Zoning: SF-20B. SPIN #3.
6D. Ordinance No. 941, 2nd Reading, Adopt an ordinance to dedicate a public utility easement for public purposes on city owned property at Bicentennial Park for the construction of
a right turn deceleration lane along W. Southlake Blvd. PUBLIC HEARING
6E. Ordinance No. 942, 1st Reading, Approve and adopt the annual budget for Fiscal Year 2009 and approve the revised budget figures for Fiscal Year 2008 and multi-year Capital Improvement
Plan. FIRST PUBLIC HEARING
6F. Ordinance No. 943, 1st Reading, Tax Levy Ordinance. FIRST PUBLIC HEARING.
6G. Ordinance No. 944, 1st Reading, Approve an ordinance providing for a residential homestead property tax exemption.
7A. Ordinance No. 480-565, 1st Reading (ZA08-050), Zoning Change and Site Plan for CySolutions Office Complex at 165 S. Kimball Ave. Current Zoning: SF-1A. Requested Zoning: S-P-1.
SPIN #7.
7B. Ordinance No. 480-567, 1st Reading (ZA08-007), Zoning Change and Site Plan for Legacy Business Park at 240 S. Peytonville Ave. being Lot 3, Akard Addition. Current Zoning: S-P-2.
Requested Zoning: S-P-1. SPIN #16.
7C. Ordinance No. 480-543, 1st Reading (ZA07-126), Zoning Change and Concept Plan for 200 S. Peytonville Ave. being Tract 3C02, W.R. Eaves Survey, Abstract No. 500. Current Zoning:
S-P-2. Requested Zoning: O-1. SPIN #16.
7D. Ordinance No. 480-568, 1ST Reading (ZA08-046), Zoning Change and Concept Plan for Lots 22 and 23, TM Hood No. 706 at 1340 and 1340B Shady Oaks Dr. being Tracts 2C, 2C2, 2C2A, 2C2B,
TM Hood Survey, Abstract No. 706. Current Zoning: AG. Requested Zoning: SF-1A.
8. There are no items on this agenda.
9A. Award a construction contract to Legacy Contracting, LP in the amount of $776,867 for the wholesale meter station improvements and provide for construction phase contingencies or
reject all bids.
9B. Consider SP08-199, Conditional Sign Permit for East Southlake #2 LTD at 910 E. Southlake Blvd.
9C. Consider SP08-210, Conditional Sign Permit for 280 Sports Complex at 280 Commerce St.
10. There are no items on this agenda.
11. Meeting adjourned.
Resolution 08-046 Annual Review of Investment Policy and Strategies
September 2, 2008
Purpose of Review
Public Funds Investment Act Section 2256
Requires the governing body to review its policy and strategies annually (last review September 2007)
Resolution No. 08-046
Policy reviewed against the Public Funds Investment Act
Identified no necessary changes to the investment policy.
Investment Strategy
Operating funds
First objective is to assure that anticipated cash flows are matched with adequate investment liquidity.
Second objective is to create a portfolio structure which will experience minimal volatility during economic cycles.
Investment Strategy
Debt service funds
Primary objective: to ensure adequate investment liquidity to cover the debt service obligation on the required payment date.
Investment Strategy
Special projects, special purpose, or construction fund
Primary objective: to ensure anticipated cash flows are matched with adequate investment liquidity.
Investment Authority
Investment Officer(s) of the City are responsible for investment decisions and activities.
Director of Finance
Deputy Director-Administration
City staff involved in the investment process shall refrain from personal business activity
Investment Objectives
Safety
Liquidity
Yield
Public Trust
QUESTIONS? Please contact Sharen Jackson 817.748.8042
Ordinance No. 945 Approve a negotiated resolution between the Atmos Cities Steering Committee and Atmos Energy Corp., Mid-Tex Division
September 2, 2008
Background
Member of the Atmos Cities Steering Committee (“ACSC”)
Atmos filed application to increase natural gas rates
$33.5 million rate increase
Ordinance No. 945
Approve new rates
Rate tariffs (Attachment A)
Atmos’ proof of revenues (Attachment B)
Ordinance No. 945
Settlement
Reduced Atmos requested increase
$0.81 monthly increase for residential customer
Will eliminate potential rate case legal fees
ACSC Executive Committee recommends approval of proposed settlement
QUESTIONS? Please contact Sharen Jackson 817.748.8042
ZA08-072
OWNER : 579 Kimball LLC
REQUEST: Approval of a zoning change and development plan for “R-PUD” Residential Planned Unit Development District to change the wall and entry feature design for Cotswold valley (f.k.a.
Estancia) being approximately 8 acres.
LOCATION: The property is located at 579 N. Kimball Ave.
Cotswold Valley (f.k.a Estancia)
Approved Development Plan
Approved Wall & Entry Features
Approved Wall & Entry Features
Proposed Development Features
Proposed Development Features
Proposed Development Features
Questions?
Contact
Dennis Killough
(817) 748-8072