HomeMy WebLinkAbout07/20/1989 City Council 00330o
MINUTES OF THE CITY COUNCIL MEETING
HELD ON
JULY 20, 1989
The Special Session of the City Council of the City of The
Colony, Texas was called to order at 6:30 p.m. on the 20th day of
July, 1989 at City Hall with the following Council roll call:
Don Amick, Mayor Absent
Rick Harris, Mayor Pro-tem Present
Steve Withers, Councilman Present
Mike Alianell, Councilman Absent
Steve Glazener, Councilman Present
Dick Weaver, Councilman Present
Joel Marks, Councilman Present
and with five present, a quorum was established and the following
items were addressed:
1. CONSIDERATION OF A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS REQUESTING TO BE INCLUDED ON THE
TEXAS WATER DEVELOPMENT BOARD FISCAL YEAR 1990 INTENDED USE
PLAN
Mayor Pro-tem Harris read the Resolution in its entirety as
follows:
RESOLUTION REQUESTING TO BE INCLUDED ON THE TEXAS WATER
DEVELOPMENT BOARD FISCAL YEAR 1990 INTENDED USE PLAN
THE STATE OF TEXAS :
COUNTY OF DENTON :
CITY OF THE COLONY :
WHEREAS, the City of The Colony, Texas (City) has reviewed
its wastewater needs and found that it is necessary to construct
wastewater facilities to meet those needs; and
WHEREAS, the City deems it necessary to express its interest
and commitment to seek funds from the Texas Water Development
Board's (Board) State Water Pollution Control Revolving Fund
(SRF) in order to finance its wastewater needs; and
WHEREAS, in order to secure future financing from the SRF,
the City must make certain commitments to the Board to be placed
on the Board's Intended Use Plan; and
WHEREAS, the City has determined that it has the financial
capability to finance projects through the SRF to meet its
wastewater needs.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS:
1. That the City will take necessary actions to fund the
project(s) designated as Eastvale Sewerage System Improvements
through a loan from the SRF from the Board.
2. That the City is hereby informing the Board of its
desire to receive financial assistance in the amount of
$1,080,000.00 from the Board's SRF.
3. That the City will file an application for a loan from
the SRF on or before March 15 of the funding year, and will
proceed as expeditiously as possible to secure a loan commitment
from the Board.
4. That the City will strictly adhere to the project
schedule negotiated with the Board and will meet all federal and
state requirements.
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5. That a certified copy of this Resolution shall be
submitted to the Board to insure that the City will be included
in the Fiscal Year 1990 Intended Use Plan.
Councilman Glazener moved to approve the Resolution as
written and Councilman Weaver seconded the motion which carried
with a unanimous roll call vote.
Councilman Weaver asked questions regarding how this loan
would be paid back. Mr. Hall said that has not been determined
as yet, but it is possible it will be paid back by assessments,
stating that at this point we have only made application and are
number one on the list in our category. Mr. Hall said the loan
is proposed to be carried at 5.5% for a maximum of 20 years,
going on to say that there will be a Public Hearing before the
Texas Water Development Board on Tuesday, July 25, 1989 and he
will be attending along with Councilman Weaver, Bob van Til and
Tommy Turner.
Mayor Pro-tem Harris stated that after we have been approved
to receive the loan a determination can be made as to the best
way to repay it.
Mr. Hall said the Public Hearing will be held at 10:00 a.m.,
the 25th in Room 118 of the Stephen F. Austin State Building,
3700 North Congress, Austin, Texas.
With no other business to address, Councilman Weaver moved
to adjourn the meeting and Councilman Glazener seconded the
motion which carried with all members voting Aye.
Mayor Pro-tem Harris adjourned the meeting at 6:45 p.m.
APPROVED:
ATTEST:
Patti A. Hicks, ~ity Secretary
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