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1965 01 25 CC Minutes, Special3005 MINUTES OF THE SPECIAL MEETING OF THE CITY,COUNCIL OF BAYTOWN, TEXAS January 25, 1965 The City Council of the City of Baytown, Texas met in special session on Mon- day, January 25, 1965 at 6:30 p.m. in the Council Room of the Baytown City Hall with the following members in attendance: J. R. Barnes Councilman Kenneth E. Badgett Councilman Seaborn Cravey Councilman M. E. Lively Councilman C. L. Liggett, M. D. Mayor Fritz Lanham City Manager George Chandler City Attorney Edna Oliver City Clerk Absent: David C. Clark Councilman J. C. Huron Councilman The Mayor called the meeting to order, the Invocation was offered, afterwhich Mayor Liggett introduced Mr. Theo Wilburn, general chairman of the Capital Improvements Study Committee who gave a brief report on the activities of the Study Committees since its inception in December, 1964. At the onset, the goup met with Mr. Jay Ash, the representative of Bernard Johnson Engineers, who briefed them on the immediate needs of the City of Baytown and also for a 5 -year projected period. Ike D. Hall was named as Vice - Chairman to work with Mr. Wilburn in the selection of seven (7 citizens to chair the various study groups within the framework. The various sub - committees studied in detail the information provided by Bernard Johnson, Engineers and dae to the time allowed the committee, it was necessary for them to rely on their estimation cost to a great extent. After more than thirty (30) meetings, the sub - committees reported to a co- ordinating committee needs for capital improvements of more than eight (8) million dollars. The Finance sub - committee reported that this amount of bonds could be fin- anced only with a substantial tax increase. With these financial figures in hand, and being mindful of the need to submit a proposal for a Capital Improvement Program In an amount that the committee felt would be acceptable to the voters of the City, the Coordinating Committee reduced the figure to $5,730,000. The Committee feels that this amount will finance the city's minimum needs for capital improvements for the next five years. The Finance Sub - Committee reported to the general chairman and vice chair- man that this amount of bonds can be financed with a tax increase of approximately M. However, if the Council has budgeted funds or other means for financing these improve- ments, the Committee would welcome its suggestiions. It is the recommendation of the Captial Improvement Study Committee that the City Council call a bond election to pro vide funds to finance these needed capital improvements; the suggested date was Sat- urday, February 27, 1%5. The Committee also had additional recommendations such as, (1): If improvements recommended in report be approved by the voters, work be done by contract; (2) that property tax not be increased as a result of street paving only. Mr. Wilburn expressed his appreciation to the Sub- Committee chairman and each member os the various sub- committeees for the work done in the preparation of the recommended improve- ments. Also, Mr. J. Ash, Bernard Johnson Engineers, Mr. Masterson, Underwood, Neuhaus, & Company, fiscal agents, the Coordinating Committee, City Manager Lanham, Director of Public Works, Jack Morton, J. B. LeFevre, Director of Finance and David C. Funderburk, City Tax Assessor - Collector and Chief Accountant. Ik_ Hall - Vice Chairman - Summary of the Recommendations Mr. Ike Hall, Vice Chairman of the Study Committee, gave a summary on the recommende improvements in the following order: 1. Streets Designated Thoroughfares: North Main (R.O.W.. Drainage. and Paving.) 2. Garth (Park to Decker. P.O.W.. Paving & Drainage: Right North City Limits, rebuild circle: 3. David; - Main to Texas 146 3006 4. South fain - Alexander Drive to State 146. (R.O.W., Paving & Drainage.) 5. Davis - Wark (State 146 to Kilgore (R.O.W., Paving & Drainage.) $ 683,000 Undesignated Streets 978.000 TOTAL $1,661,000 2. DRAINAGE Channels and Storm Sewers $ 130,000 3. COMMUNITY CENTER Building, Land & Site Improvement Roadway Improvement $ 740,000 4. PUBLIC BUILDINGS City Hall $300,000.00 Fire Station - North Main 55.000.00 $ 355,000 5. PARKS & RECREATION Park Lands and Community Center Improvements $ 241,000 6. SANITARY SEWERS Disposal Plant G Collector Lines $1,175,000 7. WATER FACILITIES Well, Mains & Trunk Lines $ $1,178,000 8. AIRPORT Land, Construction & Light R/W Fire and Rescue Building - City's Participation $ 250.000 TOTAL, ALL ISSUES $5,730,000 After.some further discussion, Councilman Cravey moved to accept the reports of Messrs. Wilburn and Hall as presented and extend the sincere thanks of the City Council for all the work that has been done in compiling the data; furthermove that the committees be assured that each item presented here will be covered in a bond election on the recommended date. Councilman Badgett seconded the motion. The vote follows: Ayes: Councilmen Barnes, Badgett, Cravey and Lively Mayor Liggett Nays: None Councilman Cravey then moved to set the date of the bond election for Saturday, February 27, 1965. Councilman Barnes seconded the motion. The vote follows: Ayes: Councilmen Barnes, Mayor Liggett Nays: None Badgett, Cravey and Lively Fiscal Aaent's Report - Tom Masterson Mr. Tom Masterson, representive of Underwood Neuhaus & Company, fiscal agents under contract with the City of Baytown gave a brief resume of the work done by the Finance Committee in its formative work for the projections of Baytown's Income and expenses for the next several years. The study involved a look at the City's various sources of revenue, current financial status, the operating the present debt service and the projected new debt service and capital outlay expenses, for 1965 -66, 1966 -67 and 1967 -68 based on a projected 3 Y2 percent per annum interest rate. The first year will be increased by 6% increment and each year thereafter by 7%. The projected figures were based on the supposition that the entire proposed $5,730,000 bond program would be approved. In 1965 $2,000,000 of the bonds would be sold, in 1966 $2,000,000 would be sold and the remaining $1,755,000 in the year 1967. Baytown 3007 presently has an "A" rating on both its general obligation and water revenue bonds. Miscellaneous The.Committee will now set up speakers' bureau to assist.in the publication of the proposed issues. Meetings will be held at various locations throughout the City to familarize interested persons in the proposed improvements. A concerted promotional effort will be instituted for the purpose of educating the general public on the need of the many proposed improvements set forth and recommended by the Citizens Capital Improvements Study Committee. Adjournment Councilman Lively moved for the meeting to adjourn. Councilman Badgett seconded the motion. The ayes were unanimous and the mayor declared the meeting adjourned. Edna Oliver. City Clerk