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HomeMy WebLinkAbout08/03/1992 City Council 004435 MINUTES OF THE CITY COUNCIL MEETING HELD ON AUGUST 3, 1992 The Regular Session of the City Council of the City of The Colony, Texas was called to order at 7:30 p.m. on the 3rd day of August, 1992, at City Hall with the following Council roll call: William W. Manning, Mayor Absent (Arrived 8:45) Mike Lynch, Councilman Absent Billy Sharp, Councilman Present Joe Agnew, Councilman Present Tom Bogan, Councilman Present John Dillard, Councilman Present Joel Marks, Mayor Pro-tem Present and with five present, a quorum was established and the following items were addressed: 1. PLEDGE OF ALLEGIANCE 2. CITIZEN INPUT 3. MAYORAL PROCLAMATION DECLARING SEPTEMBER AS PTA MONTH Mayor Pro-tem Marks read the proclamation in its entirety as follows: WHEREAS, the National PTA is among the largest associations in the United States and is the only organization with the sole purpose to serve as an advocate for young people's education, health and safety; and WHEREAS, for more than 90 years PTA has served the needs of children, parents and schools through active volunteerism; and WHEREAS, the National PTA provides a network of local, state and national voices speaking together on behalf of all children; and WHEREAS, the strength of the PTA lies in its membership, the volunteers who tirelessly devote themselves to making this a better world for children and youth; NOW, THEREFORE, I, Joel Marks, Mayor Pro-tern, of the City of The Colony, Texas do hereby proclaim the month of September, 1992, to be PTA MEMBERSHIP ENROLLMENT MONTH 3 004436 in The Colony and I encourage everyone who cares about the well being of the children of The Colony to join the PTA and become an advocate for all children. SIGNED AND SEALED this 3rd day of August, 1992. Joel Marks, Mayor Pro-tem City of The Colony, Texas ATrEST: Patti A. Hicks, CMC, City Secretary 4. PUBLIC HEARING ON APPLICATION OF MR. DARYL SIEMENS FOR A CHANGE OF ZONING ON PROPERTY ZONED AS LIGHT COMMERCIAL, SEEKING TO HAVE THE COMPREHENSIVE ZONING ORDINANCE AND ZONING MAP OF THE CITY AMENDED SO AS TO GIVE THE FOLLOWING DESCRIBED PROPERTY A SPECIFIC USE PERMIT FOR THE OPERATION OF A PAWN SHOP 7608 MAIN STREET Motion to open the public hearing - Sharp/second - Bogan - All Ayes Bob van Til stated the location is at Main Street and Overlake Drive, which is zoned Light Commercial. Mr. van Til said that none of the ten notices mailed to surrounding land owners have been returned. Mr. van Til also noted that P & Z reviewed this request on June 30, 1992 and at that time recommended approval provided the property be landscaped, the building be of exposed aggregate or brick facade, the lot be properly lighted and a fence be placed around the back of the property. Concluding, Mr. van Til stated that staff also recommends approval. Councilman Dillard asked what type of building would be constructed. Mr. Daryl Siemens, the owner, said it would be a pre-cast cement building with a typical retail store front with exposed aggregate. Bill Hall noted that Taco Bueno and Taco Bell are both exposed aggregate. Councilman Sharp asked if this request was only for the S.U.P and questioned approving the request without knowing what the building will look like. Mayor Pro-tem Marks said Mr. Siemens can't build the building without an S.U.P. Councilman Sharp asked why the S.U.P and site plan couldn't be done at the same time. Mayor Pro-tem said this is the appropriate process. Mr. van Til noted that since this is not really building a new structure from the ground up that site plan approval will not be necessary unless the council asks for it. Mr. Siemens assured the council that the building will look nice. Councilman Sharp asked Mr. Siemens how many pawn shops he owns or has owned. Mr. Siemens said he has managed 2, one of which he owned, noting that he sold the one in Lewisville to open the one in The Colony. Going on, Mr. Siemens said pawn shops are regulated by Consumer Credit just like banks, stating that per State law, all police departments in the State of Texas have access to the pawn tickets, noting that in Lewisville, the police department came by about once a week to check the tickets. Mr. Siemens said that if he spotted something suspicious then he would call the police and they would come 004437 right away. Councilman Sharp said he thinks the police should check the tickets daily and asked what process is followed if the owner thinks property is stolen. Mr. Siemens said the police department checks it out and if it is determined to be stolen, then the pawn shop either holds the~merchandise or it is confiscated by the police. Mr. Siemens said he can bring the tickets by the police department daily if they desire. Going on, Mr. Siemens explained that in the case of stolen property, a hearing is held and the judge decides if the property should be given back to the owner or if the pawn shop has a right to the property. Councilman Bogan noted that since 50% of the building is being reconstructed, he believes site plan approval will be necessary and asked who recommended the exposed aggregate. Mr. van Til stated the P & Z Commission made that recommendation. Mayor Pro-tem Marks asked Mr. van Til if we can ensure that the building will go through the new building procedure and Mr. van Til said he would see to it. Councilman Agnew said the building still has to meet codes whether there is a site plan approval or not and asked if this site will have to comply with landscaping requirements. Mr. van Til agreed and advised it will have to comply with all codes, noting that even though the building is in the old Eastvale section, it is not "grandfathered" regarding the landscaping ordinance. Councilman Sharp asked if Mr Siemens was purchasing the property and what would happen if the S.U.P. is postponed until the council can see the site plan. Mr. Siemens said he is waiting for the council decision before moving on, since the next step, architect, etc. can be quite expensive. Mr. Vince Boldin, real estate agent in this case, said the council needs to let Mr. Siemens know if they want his business in the city and said the logical procedure is to acquire zoning then work out what the building will look like. Ken Wood, 5000 N Colony addressed the council, stating the agenda is posted for a Public Hearing on a change of zoning, not what type of building. Mr. Wood said he has attended council meetings for year and this has been the procedure for years. Going on, Mr. Wood said there have been lots of letters to the editor regarding the anti-business attitude of the council and he (Mr. Wood) thinks that this man (Siemens) is not getting a fair deal. Mr. Wood said Mr. Siemens knows the procedure and it is not fair to change that procedure in the middle of a public hearing. Councilman Dillard asked what type of merchandise would be sold, and Mr. Siemens said he tries to lean toward what the community needs, ie, in The Colony it will be fishing equipment, tools, etc, noting that fire arms will be available, stating that he does have a federal license for that. Councilman Dillard said that anything that will remove the existing building will be an improvement. Councilman Sharp noted that apparently the surrounding neighbors don't have a problem with the proposal. Motion to close the public hearing - Agnew/second - Sharp - All Ayes. 5. CONSIDERATION OF AN ORDINANCE AMENDING THE CODE OF ORDINANCES BY AMENDING APPENDIX A-ZONING GRANTING A SPECIFIC USE PERMIT FOR THE OPERATION OF A PAWN SHOP AT THE BELOW DESCRIBED PROPERTY 5 004438 7608 MAIN STREET Mayor Pro-tem read the caption of the ordinance as follows: AN ORDINANCE AMENDING THE COMPREHENSIVE ZONING ORDINANCE OF THE CITY OF THE COLONY, TEXAS, ORDINANCE NO. 61, AS AMENDED, PASSED AND APPROVED ON JUNE 4, 1979, THE SAME BEING APPENDIX A OF THE CODE OF ORDINANCES OF THE CITY OF THE COLONY, TEXAS, BY GRANTING AND APPROVING A SPECIFIC USE PERMIT FOR THE OPERATION OF A PAWN SHOP, IN THE LC, LIGHT COMMERCIAL DISTRICT ON THE SITE PLAN ATTACHED AS EXHIBIT "A": LOCATED AT 7608 MAIN STREET(FM 423); PROVIDING FOR CERTAIN CONDITIONS OF APPROVAL; REQUIRING COMPLIANCE WITH THE SITE PLAN; CORRECTING THE OFFICIAL COMPREHENSIVE ZONING ORDINANCE; PROVIDING A SEVERABILITY CLAUSE; DETERMINING THAT THE PUBLIC INTEREST, MORALS AND GENERAL WELFARE DEMAND THE ZONING CHANGE AND AMENDMENT HEREIN MADE; PROVIDING A PENALTY OF NOT LESS THAN ONE DOLLAR NOR MORE THAN ONE THOUSAND DOLLARS FOR EACH OFFENSE AND A SEPARATE OFFENSE SHALL BE DEEMED COMMITTED UPON EACH DAY DURING OR ON WHICH A VIOLATION OCCURS; DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE Motion to approve the ordinance as written - Bogan; second - Dillard. Motion carried with a unanimous roll call vote. 6. PUBLIC HEARING ON APPLICATION OF MR. ROBERT CARNIERO FOR A CHANGE OF ZONING ON PROPERTY ZONED AS INDUSTRIAL, SEEKING TO HAVE THE COMPREHENSIVE ZONING ORDINANCE AND ZONING MAP OF THE CITY AMENDED SO AS TO GIVE THE FOLLOWING DESCRIBED PROPERTY A SPECIFIC USE PERMIT FOR THE OPERATION OF A SALVAGE YARD PROPERTY GENERALLY LOCATED NORTH OF OVERLAKE DRIVE, THE COLONY, TEXAS, GARZA LITFLE ELM ESTATE, BLOCK 4 LOTS 11 THROUGH 18 Motion to open the public hearing - Sharp/second - Bogan - All Ayes Mr. van Til said that P & Z addressed this request on June 30, 1992 and have recommended approval provided that: approval is obtained from the Corps of Engineers to put up a screening wall,[since part of the property is in the flood plain], the property is 6 004435 screened and landscaping is provided. Mr. van Til also said staff recommends the screening be at least 6 feet in height and constructed of material which will block the view of the salvage yard from the public, going on to say a masonry wall is preferable. Mr. van Til said another issue addressed was oils and other fluids, stating that the Texas. Water Commission (TWC) was contacted and it was found that the TWC inspects salvage yards on a random basis and responds to complaints. If oil is to be stored on premise, a special permit will be required from the TWC. Going on, Mr. van Til said the city owns Lot 10 and uses it to drain effluent from the wastewater treatment plant into Stewart Creek. Mr. van Til said the previous owner of Lots 11- 18, Jack Root, placed fill in the area without a permit, consequently burying the outfall pipe, all of which resulted in a claim against Mr. Root to exhume the pipe, encase the pipe and if so desired, placed properly permitted fill back on the lot. Mr. van Til said that although the outstanding claim is against Mr. Root, Mr. Carniero must ensure that the fill, not only adjacent to Lot 10, but also along the lots servicing his property, have proper compaction and fill, which can only be accomplished by removing the existing fill and replacing it in accordance with city requirements. Mr. Ken Wood, 5000 N. Colony asked for clarification of this operation and what it will look like, ie, will there be only auto parts or actual automobiles on the site. Bob van Til said the area is on Overlake Dr. just north of the wastewater treatment plant. Mr. van Til. said 5 notices were sent out and only one was returned, which was not in favor of this change in zoning. Mr. van Til said if the council approves the S.U.P. then Mr. Carniero will have to come back for site plan approval. Councilman Agnew asked if this is adjacent to Corps property and expressed concern over possible contamination of the stream, and asked if federal approval is needed. Mr. van Til said it is adjacent to Corps land but there are regulations regarding this type of business, noting however, that Council can require certain conditions for approval of the S.U.P, such as a non-permeable surface for the lot itself. Councilman Sharp asked Mr. Carniero if he was aware of the problem with the fill and Mr. Carniero said he was not aware of the problem when he purchased the property and that he does not think he should have to cover someone else's mistakes which were made in 1984. Councilman Sharp asked how many cars would be on the lot at one time. Mr. Carniero said 10 - 30, noting that he wants to get vehicles that will turn fast, ie, new cars. Mr. Carniero said he will really only have the parts of cars on hand, stating that after he has removed the sellable parts, the chassis will be hauled away as soon as possible. Going on, Mr. Carniero said there would be a 20' x 30' building and stated the lot would be crushed stone. Councilman Dillard asked if he would be doing any painting of vehicles or cleaning and Mr. Carniero said he would not. Mr. Don Amick, 5021 Walker asked what would be done with the fluids from the cars and the batteries. Mr. Carniero said the fluid stays in the motor; it will not be drained, noting that of course, some does leak out, but he will try to keep it from leaking into the ground. Mayor Pro-tem Marks asked about Mr. Carniero's current business. Mr. Carniero said he co-owns a paint and body shop, noting that he does have a dealer's license and said 004440 he feels this is a good opportunity. Mr. Don Brackeen, 5233 Miller Cir. asked about transmission fluid leaking out and freon recovery. Mr. Carniero said a pan will catch the transmission fluid and it will then be sold, and regarding freon, Mr. Carniero said he will follow the federal rules regarding freon and that he will do whatever it takes to make this work, going on to say he believes there are a lot of potential customers in The Colony. Don Amick asked how the tax is based, is it based on the land or on the assets sitting on the lot. Mr. Hall responded that more will be received from property taxes than on assets. Mayor Pro-tem Marks asked how we stand on the problem with Mr. Root. Mr. Hall said this property was in Eastvale when the improper fill was put in and said the city did address the problem with Mr. Root before the consolidation (Eastvale/The Colony). Mr. Hall went on to say Mr. Root covered up the only effluent line to the lake, and noted there is a lot of debris in the fill. Going on, Mr. Hall said all adjacent property owners were notified that if the property ever develops the fill must be removed, the line encased and select fill put in. Mr. Hall said the city has met with Mr. Root 3 times and said he (Mr. Root) should have informed Mr. Carnlero, stating if the S.U.P is approved, the line must be encased. Mr. Carniero said the City should have put a lien on the property so Mr. Root could not have sold it without correcting the problem. Bill Hall offered to meet with Mr. Carnlero tomorrow so he can hear the full story. Mr. Carniero said if he upgrades the road it will only benefit the city and the other property owners. Mr. Hall said according to a 1983 ordinance, costs for infrastructure are the responsibility of the developer. Mr. Vince Boldin, said when Mr. Carniero received the letter concerning this problem, he (Boldin) made several calls and found that several Eastvale officials were aware of the fill and approved of it. Going on, Mr. Boldin said when Atkins Bros. put in the sewer system, they set two meters and dug a 27 foot trench in the road. Mr. Boldin said the title company has no record of a formal dispute being filed and said this should have never been brought up in this process. Motion to close the public hearing -Sharp/second - Sharp - All Ayes. 7. CONSIDERATION OF AN ORDINANCE AMENDING THE CODE OF ORDINANCES BY AMENDING APPENDIX A-ZONING GRANTING A SPECIFIC USE PERMIT FOR THE OPERATION OF A SALVAGE YARD AT THE BELOW DESCRIBED PROPERTY PROPERTY GENERALLY LOCATED NORTH OF OVERLAKE DRIVE, THE COLONY, TEXAS, GARZA LITTLE ELM ESTATES, BLOCK 4,LOTS 11 THROUGH 18 Mayor Pro-tem Marks read the caption of the ordinance as follows: 8 00444.i. AN oRDINANCE AMENDING THE COMPREHENSIVE ZONING ORDINANCE OF THE CITY OF THE COLONY, TEXAS, ORDINANCE NO. 61, AS AMENDED, PASSED AND APPROVED ON JUNE 4, 1979, THE SAME BEING APPENDIX A OF THE CODE OF ORDINANCES OF THE CITY OF THE COLONY, TEXAS, BY GRANTING AND APPROVING A SPECIFIC USE PERMIT FOR THE OPERATION OF A SALVAGE YARD, IN THE INDUSTRIAL DISTRICT ON THE SITE PLAN ATTACHED AS EXHIBIT "A": LOCATED GENERALLY NORTH OF OVERLAKE DRIVE, THE COLONY, TEXAS, GARZA LITFLE ELM ESTATES, BEING BLOCK 4, LOTS 11 THROUGH 18; PROVIDING FOR CERTAIN CONDITIONS OF APPROVAL; REQUIRING COMPLIANCE WITH THE SITE PLAN; CORRECTING THE OFFICIAL COMPREHENSIVE ZONING ORDINANCE; PROVIDING A SEVERABILITY CLAUSE; DETERMINING THAT THE PUBLIC INTEREST, MORALS AND GENERAL WELFARE DEMAND THE ZONING CHANGE AND AMENDMENT HEREIN MADE; PROVIDING A PENALTY OF NOT LESS THAN ONE DOLLAR NOR MORE THAN ONE THOUSAND DOLLARS FOR EACH OFFENSE AND A SEPARATE OFFENSE SHALL BE DEEMED COMMITFED UPON EACH DAY DURING OR ON WHICH A VIOLATION OCCURS; DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE Motion to deny the request for a Specific Use Permit - Bogan; Second - Sharp. Motion carried with a unanimous roll call vote. 8. CONSENT AGENDA Mayor Pro-tem Marks summarized the Consent Agenda. A. CONSIDERATION OF APPROVAL OF THE MINUTES OF THE COUNCIL MEETINGS HELD JULY 13, 20, AND 23, 1992 Motion to approve the minutes as written - Bogan; second - Sharp. Motion carried with a unanimous roll call vote. B. CONSIDERATION OF AN ORDINANCE PROVIDING FOR A PUBLIC HEARING ON THE MUNICIPAL BUDGET FOR THE FISCAL YEAR OCTOBER 1, 1992 THROUGH SEPTEMBER 30, 1993 TO BE HELD AUGUST 17, 1992 Motion to approve the ordinance as written - Bogan; second - Sharp. Motion carried with a unanimous roll call vote. 9 004442 8:45 p.m. Mayor Manning arrived 9. CONSIDERATION OF AN ORDINANCE AMENDING THE CODE OF ORDINANCES BY AMENDING SECTION 6, ARTICLE VIII RELATING TO REGISTRATION OF CONTRACTORS Councilman Bogan said this ordinance as passed is vague and he recommends a change regarding the insurance requirements. The Councilman said the state requires that certain contractors have insurance and it is not the city's responsibility to require insurance, going on to say he does not think it can be enforced. Councilman Bogan recommended not requiring insurance unless the State requires it. Bill Hall said the amendment as prepared reverts back to the policy used in the city for years, which requires registration of a contractor for which a permit is required, and the amounts of insurance have been deleted. John Schmahl, 5012 Thompson, said he is an 11 year resident and a contractor and he thinks contractors should be required to carry insurance, stating the people having work done should want that too, in case an accident happens. Councilman Marks asked if he had done business in other cities and Mr. Schmahl said in Arlington and Lewisville insurance or a bond is required, but nothing is required in Dallas. Robert Dierks, 5220 Rutledge, said all contractors should have liability insurance no matter what type of business they are in, noting the city requires $500,000 for public works projects and said all should have to show insurance and all jobs should require permits. Councilman Bogan agreed all should have insurance but said the issue at hand is -- whether the city should take on the responsibility of requiring insurance, when it is probably not enforceable, going on to say if we (city) require it, the citizens will assume the contractor has insurance, when they may only have a card. Mayor Manning said he would like to see contractors show proof of insurance when they pull a permit. Councilman Dillard recommended that all contractors show proof of insurance. Mayor Manning said we could not possible enforce that. Councilman Dillard said if a contractor is licensed to do business in the city, then we should require proof of insurance in the amount of $500,000, noting that right now roofers and concrete flat work contractors do not need a permit and it is unfair to require insurance of some and not of others. Councilman Bogan said this will give the homeowners a false illusion that every contractor has insurance and we have no way to enforce it. Mayor Manning asked if the Inspections Dept. checks for insurance at the beginning and ending of a job. Mr. Hall said that could be done, but it would be hard to track and if it is found someone has proof of insurance and we stop the job, we will have many irate homeowners. Councilman Agnew asked if the city could be notified of lapses. Mr. Hall said on city projects, the city requires to be named as the additional insured, we require specific amounts and notice of lapse, but the city is the owner. Going on, Mr. Hall said when the resident is the homeowner, the city cannot control what type of insurance is carried. Councilman Marks said it seems simple to call to verify insurance, but what liability .. - 10 00444 does the city assiiriie' if we (city) control insurance coverage and damages do occur, stating the city attorney should be consulted before a vote is taken. Mayor Manning said we could approve this ordinance as is and then bring it back if council has other items of concern. Motion to approve as is - Bogan; No second, motion dies. 10. CONSIDERATION OF APPROVING A CHANGE IN LIBRARY SERVICE HOURS AS RECOMMENDED BY THE LIBRARY BOARD Bill Hall said the recently imposed hiring freeze prompted a recommendation by the Library Board to reduce the service hours at the Library. Mr. Hall said he had approved the change temporarily but that it needs council approval to be permanent. Councilman Bogan asked how many people use the Library during the hours that are recommended to be eliminated. Joan Sveinsson, Library Director used graphs to show that 133 people use the Library during those hours, and stated that it is felt that these hours will have the least impact on the patrons. Councilman Agnew asked if there had been any feedback from patrons and if other hours had been reviewed. Ms. Sveinsson said concern had been expressed but not anger, and said the Librarians are now doing circulation duties, noting all employees are stretched. Mayor Manning asked what has happened to the volunteers. Ms. Sveinsson said it is hard for volunteers to maintain the continuity which is demanded by patrons in a Library of this size, noting they expect a professional staff. Ken Wood, representing the Board agreed, stating they are caught between a rock and a hard place, and said as the Library grows, the volunteers fade, and said he is concerned about salaried professionals doing the job of clerical staff. Motion to approve the recommendation - Marks; second - Sharp. Motion carried with a unanimous roll call vote. 11. CONSIDERATION OF A RESOLUTION APPOINTING ONE MEMBER TO THE BOARD OF MANAGERS OF THE DENCO AREA 9-1-1 DISTRICT Mr. Hall explained the council can reappoint John McGrane or nominate someone else to serve. There were no other nominations. Motion to approve the resolution as written - Bogan; second - Dillard. Motion carried with unanimous roll call vote. 12. CONSIDERATION OF APPROVAL OF A GENERAL DEBT SERVICE SEMI- ANNUAL BOND PAYMENT Mr. James England gave a presentation, using overheads, to explain the budget shortfall that has prompted the $50,000 transfer from the land fund. (See Attachment "A") 11 004444 Mayor Manning asked if the $50,000 will be repaid and Mr. England said it will not. Mayor Manning questioned Mr. England, stating that last year when the budget was approved, everything appeared O.K. and wondered just where the $50,000 shortfall comes from. Going on, Mayor Manning said $22,000 is accounted for but there's $28,000 unaccounted for. Bill Hall said that will be addressed in the upcoming budget process and noted that all shortfalls have contributed to this $50,000 amount. Mayor Manning stated this is definitely a contingency that no one could foresee. Mr. England reminded the council that the land fund is the last contingency fund the city has. Motion to approve the transfer as recommended - Bogan; second - Sharp. Motion carried with a unanimous roll call vote. 13. CONSIDERATION OF APPOINTMENT OF A COUNCILMEMBER TO SERVE ON THE REGIONAL TRANSPORTATION COUNCIL Mr. van Til said it is very important for the city to become involved in this council. Councilman Marks asked why we were just now learning about this. Mr. van Til explained that for some reason, the Colony was not made aware that these things were going on until the end of June, 1992. Going on, Mr. van Til said he and Hal Jones, traffic engineer attended 3 or 4 meetings in July and prepared the city's list of needs and projects. The council discussed the heavy schedule of the Transportation Council as well as the location of the meetings, all agreeing this would be a major commitment on the members. Mayor Manning and the council agreed more information is needed before anyone can agree to serve and asked Mr. van Til to get with Commissioner Jacobs for specifics. Motion to postpone to August 10, 1992 - Agnew; second - Dillard. Motion carried with a unanimous roll call vote. 14. CITY MANAGER'S REPORT 1. Mr. Hall advised that recently the city had licensed Jerry Young as a chemical applicator in compliance with State law. The Texas Department of Agriculture recently conducted a "no notice" inspection in The Colony and found nothing derogatory, which speaks well for Jerry. 2. Texas Water Commission recently did their annual inspection of the wastewater treatment plant and found no defects. 3. City Manager Assistance Advisory Committee - met last Friday and the packet received from the meeting indicates that The Colony ad valorem tax will drop to the 7th highest in the metroplex instead of 1st if the other cities in the area approve the proposed tax increases. The committee is made up of 20 cities and all have indicated decreased revenues, decreased tax base, increased insurance rates, hiring freezes and reductions in 12 004446 force. The Colony is not the only city with problems. With no further business to address, Mayor Manning adjourned the meeting at 10:16 p.m. APPROVED: ATTEST: Patti A. Hicks, CMC/AAE, City Secretary 13 004446 ATTACHMENT "A" GENERAL FUND SEMI-ANNUAL BOND PAYMENT' AUGUST 15, 1992 004447 ATTACHMENT "A- 2" GENERAL FUND DEBT SERVICE PAYMENT SCHEDULE 1991 - 92 FISCAL YEAR FEBRUARY 1992 PAYMENT 1979 Bond Issue $19,130.00 1989 Bond Issue 188.418.75 TOTAL $207,548.75 AUGUST 1992 PAYMENT 1979 Bond Issue $ 44,070.00 1989 Bond Issue 84.991.25 TOTAL $129,061.25 TOTAL GENERAL FUND DEBT SERVICE PAYMENTS $336,610 TOTAL BUDGET AMOUNT - 1991 - 92 $336,180 00444 ATTACHMENT "A- 3" 1991 - 92 ANNUAL BUDGET GENERAL FUND DEBT SERVICE SUMMARY 1989-90 1990-91 1991-92 REVENUE ACTUAL PROJECTED BUDGET Interest Income Investments $ 25,987 $ 10,600 $ 7,000 Land Fund 156,909 134,000 108,000 Capital Projects Fund 8,431 3,650 1,000 Ad Valorem Taxes 168,017 4,000 153,000 Transfer from Fox & Jacobs Contingency 143,402 -0- -0- Transfer from 1989 Refunding Bond Issue 34.185 -0- -0- TOTAL $536,931 $152,250 $269,000 EXPENDITURES 1979, 1982, 1989 Series General Obligation Bonds $519,813 $313,479 $336,180 FUND BALANCE $228,409 $ 67,180 $ -0- TAX RATE $0.03 $0.00 $0.03 ATTACHMENT 'A-4" 1~2 - ~3 ~NNUAL BUDGET GEN~ FUND DEBT SERVICE 1990-91 1991-92 1992-93 REVENUe. ACTUAL PROJECTED BUDGET Interest Income Investments $10,758 $ 3,000 $ 2,000 Land Fund 136,012 95,000 25,000 Capital Projects Fund 3,342 1,000 1,000 Ad Valorem Taxes 3,310 153,000 153,000 Transfer from Land Fund -0- 50,000 150.000 TOTAL $153,423 $302,000 $331,000 · EXPENDITURES 1979, 1982, 1989 Series General Obligation Bonds $341,705 $336,000 $334,000 FUND BALANCE $ 40,000 $ 5,000 $ 2,000 TAX RATE $0.00 $0.03 $0.03 ATTACHMENT "A-5" 0044~ LAND FUND PROJECTED CASH BALANCE 1991 - 92 FISCAL YEAR Current Balance $1,805,243 Transfer to Utility Debt Service - 8/1/92 (400,000) Projected transfer to General Debt Service Fund - 8/15/92 (50.000) Remaining Balance $1,355,243