HomeMy WebLinkAbout08/05/1999 City CouncilMINUTES OF THE WORK SESSION OF COUNCIL
HELD ON
AUGUST 5, 1999
The WORK SESSION of the City Council of the City of The Colony, Texas was called to order at
7:00 p.m. on the 5th day of August 1999 at City Hall, with the following council roll call:
William A. Manning, Mayor Present
John A. Gordon, Councilmember Present
Lewis Jue, Councilmember Present
David Stanwick, Councilmember Present
A1 Garcia, Councilmember Present
John Dillard, Councilmember Present
Jeff Meyers, Councilmember Present
and with seven present a quorum was established, the following items were addressed:
ITEM DESCRIPTION SOURCE STATUS
1.1 Discussion of a contract for the purchase of property Council
from JNC properties
Mr. John Hill explained the comments (See
Attachment "A") made by his office regarding the
proposed sales contract. He stated the most important
sections addressed are 6.2 and 8.5. Mr. Hill advised 6.2
currently states the city would be responsible for the
cost of remedying any hazardous conditions found on
the property. The attomey recommended that section be
deleted entirely and section 6.1 be amended to require
the city to provide a copy of any Phase I report which
may be obtained to the seller. Section 8.5 deals with
development of the property. Mr. Hill recommended
removing the negotiation of a development agreement
as a condition to closing from this section.
Councilman Stanwick noted that the city should get
the earnest money back in any case and that the venue
should be Denton County, not Dallas County.
Mr. Lambert gave a brief history of the property,
stating this was part of the 143 acres proposed to be
purchased in 1998. The council denied the proposal at
1
that time. Mr. Lambert said the plan was to use the $1
million already in hand, received from the Billingsleys
and the $300,000 to be received from them over the
next few years to finish the payments.
Mr. Lambert went on to say the proposal now is to
buy 80.5 acres, noting that JNC has given 35 acres to
the city and the northern section of the original 143
acres has been sold to The Legends. He noted the city
would have substantial development costs for
infrastructure. Pam Nelson, Parks & Recreation
Director, advised the original plan for this property
would be changed based on the smaller amount of land.
She said the development is proposed to be done in
phases, not all at one time.
Mayor Manning said we need to go forth with buying
this property and agreed the development should be
done in phases. He stated this should be a first class
development, a landmark for our city, not rushed.
Discussion regarding timeline requirements
followed. Mr. Bill Sheveland, representing JNC, said
he would give John Hill's comments to his attorney.
Mayor Manning advised the closing date might need to
be moved back due to the city's financing capabilities.
Councilman Gordon said the city should not have to pay
to clean up any hazardous conditions found on the
property. Mr. Sheveland said that would be negotiable.
It was noted that had been no environmental problems
on the property so far.
Councilman Stanwick reiterated that 8.5 regarding
development costs is the most important issue to be
discussed at this meeting. Mr. Sheveland said they
(JNC) would listen to any suggestions the city may
have. He said he believes the results will be a 50/50
split on paving and water costs, but until detailed
engineering is done, the "hard" costs are not available.
Tony Johnston, Finance Director, presented
financing options (See Attachment "B"). He presented
three options:
#1 Using City Money
#2 Using Loan Money
#3 Using City/County Money
2
After discussion of the options and pros and cons of
each, council agreed that Option No. 2 would be best.
They decided to shoot for an October 8, 1999 closing
date. Mayor Manning directed staff to. bring a final
sales contract and financing documents to council at the
August 16, 1999 meeting. Mr. Hill cautioned staff to
discuss this with bond counsel.
Mr. Lambert then presented a development schedule.
Councilman Stanwick said all the focus should not be
on athletics and all council agreed with that. Ms.
Nelson reminded them that if the city cannot acquire the
other 30 acres (sold to The Legends) then the whole
plan will have to be revamped.
With no further business to address, Mayor Manning
adjourned the meeting at 8:35 p.m.
APPROVED:
William W. ~an~ihg~ May~---
ATTEST:
Patti A. Hicks, TRMC/CMC/AAE
City Secretary