Weatherford
Weatherford City Council, May 12, 2015: 8 items; Proclamation recognizing White's Funeral Home, the recipient of the first Texas Historic
0 consent items, 8 regular items; 6 recorded votes, all unanimous. Written from the minutes.
Proclamation recognizing White's Funeral Home, the recipient of the first Texas Historic Commission Texas Treasure Business Award in Weatherford. Mayor Hooks issued the proclamation to representatives of White's Funeral Home. Proclamation naming May 2015 as Motorcycle Safety and Awareness Month in Weatherford. Mayor Hooks issued the proclamation to local riders and enthusiasts.
Consider a Master Plat for First Baptist Church Addition, for property located along the south side of West Park Avenue (400-500 block), generally between Park Street and Mockingbird Lane, City of Weatherford, Parker County, Texas. SBD2014-0022. Craig Farmer, Director of Planning and Development, presented this item. The subject property is approximately 45 acres. This is a conceptual Master Plat and contains no design or layout at this time. The first phase is approximately nine acres for a fellowship hall and daycare. Phase II will be the sanctuary. Discussion included road connections. At this time, there is one connection onto Park Avenue. Bobbie Narramore, 209 West First Street, spoke about increased traffic on Park Avenue. Shannon Nave, project engineer, spoke about the entrances and exits to and from Park Avenue and the future Lamar Street extension. The City will require development of the Lamar Street extension before the applicant can begin Phase II. A drive will connect to Lamar Street at that time. He stated the applicant is in the process of conducting a traffic impact analysis (TIA) and that it is not just the standard TIA; it will include analysis specific to Sunday mornings and the additional traffic the church will create for those roads at those times. On the motion of Craig Swancy, second by Jeff Robinson, the Council voted unanimously to approve the Master [...]
Consider bond refunding and new debt issuance information. CC051215 Page 1 of 4 Dave Croff, Chief Financial Officer, presented this item. At the last Municipal Utility Board meeting, the Board voted to consider the refunding of two revenue bonds, the 2005 and 2006 series. Mr. Croff stated that the new debt issuance would be for a variety of projects in electric, water, and wastewater, for a total of $19M. Staff is seeking approval for an additional $2M for storm water utility projects. Mr. Croff introduced Boyd London of FirstSouthwest. Mr. London stated that the anticipated issue date is July 16.The total proceeds for new debt issuance for water, wastewater, and electric projects is $19M. The amortized total would be approximately $26.8M with Level Annual Debt Service Payments over 20 years. The series 2005 and 2006 Utility Revenue Bonds are eligible for refunding. The purpose is to lower the interest rate. Mr. London stated that interest rates are substantially lower than what the City has on those bonds at this time. Three scenarios were presented to the Utility Board. Scenario 1 retains the same final maturity date and the gross savings is $4,077,134. Scenario 2 has a shortened final maturity date with a gross savings of $4,910,148. Scenario 3 is a hybrid structure with a shortened final maturity and a gross savings of $4,626,641. Mr. London noted that the Utility Board [...]
Consider and/or act upon approval of reimbursement resolution R2015-16. Dave Croff presented this item as well. He stated that the Municipal Utility Board gave approval for this action. A number of contracts will need to be in place in order to start the projects, which include the West Loop Substation, Holland Lake Dam, and many others. Because the City will not receive the bond proceeds until the latter part of August, this resolution allows the City to spend our own funds now to begin these projects and then use the bond proceeds to repay ourselves. Mr. Croff noted that the bond attorneys ask that the City put the entire amount of the bond issue in the resolution which provides the City spending authority in the event of any interruption in receiving bond proceeds. That amount totals $21M to commence the water, wastewater, electric, and storm water utility projects. Bobbie Narramore, 209 West First Street, spoke in favor of this item to allow the City to move forward on infrastructure. CC051215 Page 2 of 4 On the motion of Heidi Wilder, second by Jeff Robinson, the Council voted unanimously to approve Resolution R2015-16. Motion carried 5 - 0.
Consider and/or act upon approval of Ordinance 726-2015-15 amending the FY15 Adopted General City Budget. Kyle Lester, Budget and Strategic Planning Manager, presented this item. He provided the following overview of requested amendments: 1. Adding budget to the following departments to coincide with donations, reimbursements, and insurance proceeds: Fire Services $101,442; City Administration $205; and Transportation & Public Works $8,993. 2. Transferring $7,000 from Fire Services to Facilities Maintenance for expenditures related to the repair of the driveway at fire station #1. 3. Rolling over the budget for Fund 50, our TxDOT-related capital projects fund. Each year, we budget for the balance of our capital projects fund to be spent. After the audit is finalized for the preceding year, and the remaining balances of the funds are known, staff re-budgets for that balance to be exhausted on the approved projects. Because all remaining TxDOT projects were consolidated into one fund last fiscal year, Fund 50 is the only capital projects fund that requires this formal action. The total budget of $6,939,315 includes the cash balance of the fund as of October 1, 2014 ($5,334,722) as well as anticipated revenues from the state for the interlocal advanced funding agreement approved on December 10, 2013 for FM highway 1884 and South Bowie Drive frontage road ($1,604,593). 4. Adding [...]
On the motion of Craig Swancy, second by Jeff Robinson, the Council voted unanimously to approve this item. Motion carried 5 - 0.
Discuss and consider appointments and/or reappointments to the Parks & Recreation Board, the Zoning Board of Adjustments, and the Library Board. Mr. Hamilton stated that he and Ms. Wilder were still awaiting information from applicants and or current board members and asked that the Council take no action at this time.
2 residents spoke during citizen comments on non-agenda items; the minutes record the topics. The Ledger counts residents at comment and does not name them.
Discuss plans for the Bankhead Highway 100th Year Celebration in 2016 and the June 6, 2015 proof of concept event. Craig Farmer, Director of Planning and Development, presented this report. He provided history about the Bankhead Highway noting that at one time, it connected Washington DC to San Diego. In Texas it was also known as State Highway 1, which later became Highway 80 and then Highway 180. The Texas Historical Commission suggested events in Big Spring, Mount Vernon, and Weatherford where portions of the Bankhead Highway are still named and in use. The event is to be held on the second weekend of September 2016 and includes an antique car show, a parade of cars in chronologic order by age, stray days events (the predecessor to the First Monday Trade Days), and a theatrical group who will be in period costume and provide history of the time. Staff is considering a great deal more promotion for the historic Bankhead Highway to include murals and historic signage signifying State Highway 1 and Bankhead Highway. This year, a proof of concept event will be held on June 6. Staff will keep the Council posted on this event and the larger celebration planned for next year.
Compiled from the city secretary's minutes by the Ledger's extractor, in the minutes' own wording, item by item; the Ledger adds no characterization. Read the minutes for the full record.
Sources: City of Weatherford: council minutes, May 12, 2015 (Granicus); Agenda for this meeting (Granicus); Meeting video (Granicus)