1991-07-30 CITY OF SOUTHLAKE
m. 667 N. Carroll Avenue
SPECIAL CITY COUNCIL MEETING
July 30, 1991 8:00 p.m.
COUNCILMEMBERS PRESENT: Mayor Gary Fickes; Mayor Pro Tem Rick
O Wilhelm; Deputy Mayor Pro Tem Sally Hall. Members: Jerry Farrier,
11 W. Ralph Evans, Mike O'Brien, Barry Emerson.
,., CITY STAFF PRESENT: Curtis E. Hawk, City Manager; Billy Campbell,
Director of Public Safety; Lou Ann Heath, Director of Finance; Mike
Barnes, Director of Public Works; Don Wilson, Fire Chief; Malcolm
Jackson, Caption; and Sandra L. LeGrand, City Secretary.
Vr Mayor Gary Fickes called the Special City Council meeting to order
at 8:30 p.m.
City Manager noted the first two items on the agenda deal with
Resolutions in regard to the issuance of Certificates of
Obligation. Boyd London with 1st Southwest Company was present to
answer questions for Council. Mr. Hawk noted as we start putting
the budget together, on the land acquisition, we have two options:
we can take the money out of the fund balance, or borrow the money
on a short term agreement. He suggested the City issue the bonds.
This action must be taken before the City closes on the property
being purchased.
hi Agenda Item #2 & #3 in regard to Certificates of Obligation
Resolution No. 91 -37, authorizing "Notice of Intent" to issue
Certificates of Obligation and Resolution No 91 -38, stating City's
intent to reimburse expenditure from Certificate proceeds, were
approved as amended.
Motion: Wilhelm
6 Second: Hall
Ayes: Wilhelm, Hall, Evans, Farrier, O'Brien
Nays: None
Abstentions: Emerson and Fickes
Approved: 5 -0 -2
ORR Agenda Item #4, Work Session: Proposed FY92 Annual Budget
The City Manger, Curtis Hawk introduced the FY 92 Annual Budget,
explaining the Budget will be filed in the Office of the City
Secretary on August 1, 1991 as required in the Texas Local
Government Code and the City Charter. The line item budget will be
presented to Council during the August 6, 1991 City Council
meeting.
Hawk indicated the proposed budget reflects a 40 increase over
' ^ the current year, or, $0.4850 per $100 of assessed value. He
noted the debt service portion in the budget is $0.13515.
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pm Special City Council Minutes
July 30, 1991
',m° page two
Agenda Item #4, Continued
Mr. Hawk added, the actual tax rate will be lower than the proposed
$0.485 rate, and that there might not be a rate increase at all.
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Mr. Hawk stated the proposed FY91 -92 Annual Budget represents a
keeping of the status quo. The bulk of the increases in
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maintenance and operations costs provide the same level of services
as the current year. However, this is a significant achievement in
that the sizeable increase in debt service requirements necessary
to fund the infrastructure improvements are provided for in the
proposed budget. The infrastructure improvements will serve to
enhance the continued quality neighborhood growth and development
of the community, and will serve as a catalyst to commercial growth
and development. The latter will broaden the tax base and increase
the City's financial ability to respond to service demands.
Budget work sessions are scheduled for August 13, 14, & 15, 1991.
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Agenda Item #5, Adjournment
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The meeting was adjourned by Mayor Fickes at 9:35 p.m.
Mayor Gary ick s
iw ATTEST:
Sandra L. LeGrand
City Secretary
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I have a substantial interest in this business entity for the
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Ownership of 10% or more of the voting stock or
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fair market value of the business entity.
fri:///// Funds received from the business entity exceed 10%
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have an equitable or legal ownership with a fair
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A relative of mine has a substantial interest in the
business entity or property that would be affected
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Upon filing of this affidavit with the City Secretary, I affirm
im that I will abstain from voting on any decision involving this
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Signed this day of , 199/
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Ownership of 10% or more of the voting stock or
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Ownership of 10% or more or $5,000 or more of the
fair market value of the business entity.
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Funds received from the business entity exceed 10%
of gross income for the previous year.
Real property is involved and
have an equitable or legal ownership with a fair
market value of at least $2,500.
A relative of mine has a substantial interest in the
business entity or property that would be affected
""' by a decision of the public body of which I am a
member.
- Upon filing of this affidavit with the City Secretary, I affirm
that I will abstain from voting on any decision involving this
business entity and from any further participation on this matter
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BEFORE , the under igned authority, this day personally appeared
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