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HomeMy WebLinkAbout05/11/1981 City Council 000860 MINUTES OF THE CITY COUNCIL OF THE CITY OF THE COLONY HELD ON MAY 11, 1981 A SPECIAL SESSION of the City Council of the City of The Colony, Texas was called to order at 7:30 p.m. with the following members present: Richard Turner Mayor Scott North Councilman Norman Adeler Councilman Gary Shipman Councilman Dave Brown Councilman and a quorum was established. , 1. CANVASS OF MUNICIPAL BOND ELECTION HELD ON MAY 9, 1981 Mr. Dan Almon with the firm of Rauscher, Pierce Refsnes was present to answer any questions that the Council might have regarding the bond sale procedure. He advised the Council that the bond market in May was at 10.9% and that it was difficult to forecast interest rates in the future. Regarding the sale of bonds, Councilman Shipman felt that it was imperative to clarify the date that the city must deposit their funds in an escrow account according to the state. He also asked Mr. Almon if he felt the interest rate would be lower during the summer months. Mr. Almon advised the Council that at this time the financial market could not be predicted but that he did recommend that if possible the Council should wait for a dip in the market prior to selling these bonds. At this time the Council considered the following Canvass of the Municipal Bond Election held on May 9, 1981: THE STATE OF TEXAS, COUNTY OF DENTON, CITY OF THE COLONY WHEREAS, the City Council of said City ordered an election to be held in said City on May 9, 1981, on the PROPOSITION hereinafter stated; and WHEREAS, said City Council has investigated all matters pertaining to said election, including the ordering, giving notice, officers, holding and making returns of said election; and WHEREAS, the election officers who held said election have duly made the returns of the result thereof, and said returns have been duly delivered to said City Council. THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY: 1. That the City Council officially finds and determines that said election was duly ordered, that proper notice of said election was duly given, that proper election officers were duly appointed prior to said election, that said election was duly held, that due returns of the result of said election have been made and delivered, and that the City Council has duly canvassed said returns, all in accordance with law and the Ordinance calling said election. 2. That the City Council officially finds and determines that the following votes were cast at said election, on the submitted PROPOSITION by the resident, qualified electors of said City, who voted at the election: PROPOSITION 504 VOTES: FOR ) THE ISSUANCE OF $290,000 ) STREET IMPROVEMENT TAX 50 VOTES: AGAINST ) BONDS (FOR F.M. 423) -1- 000861 3. That the City Council officially finds, determines and declares the result of said election to be that the PROPOSITION so sub- mitted has received a favorable majority vote in all respects and has carried. 4. That the aforesaid bonds may be issued, and the aforesaid bond tax may be levied, assessed and collected annually, as voted and as provided by law. 5. That it is hereby officially found and determined that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Ordinance is passed, such emergency or urgent public necessity being that the proceeds from the sale of the proposed bonds are required as soon as possible and without delay for necessary and urgently needed public improvements; and that said meeting was open to the public, and public notice of the time, place and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. Article 6252-17. 6. That a copy of this Ordinance was posted on the bulletin board at the City Hall 72 hours prior to the meetings at which it was read. APPROVED AS TO LEGALITY OF FORM: City Attorney Mayor ATTEST: City Secretary __. Councilman Shipman moved to approve this canvass. Seconded by Councilman North, the motion passed by the following roll call vote: Ayes: Ail members present voted aye Noes: None 2. CANVASS OF CITY OFFICER RUNOFF ELECTION HELD ON MAY 9, 1981 CANVASS OF RETURNS AND DECLARATION OF RESULTS OF ELECTION BE IT REMEMBERED THAT on this the 11 day of May, 1981, at a meeting of the City Council of the City of The Colony, Texas, a quorum being present, the meeting was called to order and the following business transacted. Upon motion of Councilman Brown and seconded by Councilman North, it was unanimously ordered that the City Council consider the official returns of a run-off election held in the City on the above mentioned date, for the election of City Officers. WHEREUPON said official returns were opened, examined, canvassed and the results declared as follows: CANVASS OF RETURNS AND DECLARATION OF RESULTS WHEREAS, heretofore, the City Council of the City of The Colony, Texas, called a run-off election to be held in the City on May 9, 1981, for the purpose of electing one Councilmember for Place No. 2, to serve for a two-year term, and one Councilmember for Place No. 5 to serve for a one-year term; WHEREAS, immediately after said run-off election the Presiding Judge and other officials holding said election made their returns of the results thereof to the City Council as follows, and said returns being made according to law, and duly authenticated, and it being shown that written notice of said election was posted for the time and in the -2- 000862 manner provided by law and all other proceedings pertaining to said election having been shown to have been done and performed at and within the time and in the manner provided by law, and all papers pertaining thereto having been returned and filed with the City Council and no protest or objection being made to or regarding any matter pertaining to said election; NOW, THEREFORE, be it resolved by the City Council of the City of The Colony, Texas, after examining said returns and opening and canvassing the votes of said run-off election, that the results of said election are as follows: That the following number of votes were cast for the following named candidates for the office of City Councilmember, Place 2, to wit: NAME NUMBER OF VOTES Gary Green 241 Freeman Upchurch 282 That the following number of votes were cast for the following named candidates for the office of City Councilmember, Place 5, to wit: NAME NUMBER OF VOTES Charles T. Dodds 243 P. Dave Brown 266 It appearing that Freeman Upchurch received the highest number of votes for the office of Councilmember, Place 2, and he is hereby declared to be elected to the office to serve after qualifying for a two-year term commencing April, 1981; and It appearing that P. Dave Brown received the highest number of votes cast for the office of Councilmember, Place 5, and he is hereby declared to be elected to the office to serve after qualifying for a one-year term commencing April, 1981. IT IS FURTHER ORDERED that this canvass and declaration of results of said election be entered in the Minutes of the City Council and that said officers, after they have qualified and taken their oaths, shall serve during the term commencing April, 1981, and thereafter until their successors are duly elected and qualified. That this Resolution, declaring the results of the run-off election called for May 9, 1981, shall become effective immediately after its passage. DULY PASSED by the City Council of the City of The Colony, Texas, this the 11 day of May, 1981. MAYOR APPROVED AS TO FORM: ATTEST: CI~TORNEY CITY SECRETARY Councilman North moved to approve the foregoing canvass. Seconded by Councilman Adeler, the motion was passed by the following roll call vote: Ayes: All members present voted aye Noes: None -3- 000863 3. CLOSED DOOR SESSION DEALING WITH PERSONNEL A. HOSPIT~ BOA~ OF TRUSTEES B. CITY~NAGER RESUMES C. LITIGATION Mayor Turner stated that the City Council would now meet in a closed-door session dealing with personnel matters and litigation as authorized by Article 6252-17 of Vernon's Ann. Civ. Statutes. Upon reconveni~ in open session, Mayor Turner announced that no action will be taken on these matters at this t~e. Councilman North moved to adjourn the meeting. Seconded by Councilman Adeler, the motion was passed by the following roll call vote: Ayes: Ail members present voted aye Noes: None Mayor Turner adjourned the meeting at 12:15 a.m. ATTEST: ~~~ J~ ~-C~R~, CITY SECREtlY -4-