1962 01 08 CC Minutes, SpecialMINUTES OF THE SPECIAL MEETING
OF THE CITY COUNCIL OF THE CITY OF BAYTOWN
January 6, 1962
The City Council of the City of Baytown, Texas, met in special session
on Monday, January 8, 1962 at 4:00 P.M. in the Council Room of the Baytown
City Hall with the following members in attendance:
Seaborn Cravey
W. L. Ward
C. A. Hansen
Velma J. Ansley
Roy H. Hughes
J. M. Bryan
Councilman
Councilman
Councilman
Councilman
Councilman
Councilman
Al Clayton Mayor
J. B. LeFevre City Manager
George Chandler City Attorney
Edna Oliver City Clerk
The Mayor called the meeting to order and the Council began its dis-
cussion of the need of a Bond Election for paving of thoroughfares and res-
idential streets within the City of Baytown.
Ernest L. Brown. Jr. - Baytown's Fiscal Agent
Mr. Ernest L. Brown, Jr., Representing Moroney, Beissner G Company
of Houston, submitted schedules outlining tax rates and collections based
on 95% collection as estimated in the City's present budget. Should the
Council decide to confine the bond election to a $2 million issue for tho-
roughfare and residential street improvements, the increase would be approx-
imately six cents. The schedule prepared by Mr. Brown was based on a $2.5
million dollar issue and required a tax increase of nine cents as an increase
would be necessary to retire bond maturities. The present bond sinking
fund requires 31 cents of the City's present tax rate of $1.72 per $100 of
assessed valuation. He explained that his information was based on the
assumption that any bonds issued could be sold at 4% interest; it is poss-
ible that the interest rate can be lower than the assumed 4 %, when sold.
A schedule listing $300,000 for various bonds was shown which was in addi-
tion to the $2.5 million. This would require an additional 3R tax, making
a total increase of 12Z if the Council should decide to include additional
projects other than the $2 million for thoroughfares and residential streets.
Setting Bond Election Date
After hearing Mr. Brown, the Council discussed the most feasible
date to call the bond election. Some thought was given to delaying the
election until March, 1962 and others were of the opinion that the election
should be ordered for the month of January. After some deliberation, Council-
man Ward moved to order the bond election to be held on Saturday, January, 27,
1962. Councilman Hansen seconded the motion. The vote follows:
Ayes: Councilmen Cravey, Ward, Hansen, Ansley, Bryan, Hughes
Mayor Clayton
Nays: None
Mown Advisory Board's Assistance Asked (.Gw �� 1 713)
Since the Baytown Advisory Board had proved to be of such great assis-
tance to the City Council in its reports and recommendations for thoroughfares,
the Council decided to ask the Board to make a study and recommend whether to
include the additional projects of City Hall, Drainage and Park Sites in the
Bond Issue at this time. Theywere asked to meet and review the proposals and
1695
7,i —c.
16%
submit a report on its findings to getber with a recommendation at a special meeting
to be held at the City Hall Wednesday, January 10th at 4 :00 p.m.
Adiournement
Councilman Ansley moved for the meeting to adjourn. Councilman Hughes seconded
the motion. The ayes were unanimous and the Mayor ddclared the meeting adjourned.
r
Al Clayton, May
ATTEST: , 9 tr r f
Edna Oliver, City Clerk
•r A
_1 f F
i
1
i