1965 04 01 CC Minutes, Special3035
MINUTES OF THE SPECIAL MEEENG
OF THE CITY COUNCIL OF THE CITY OF BAY70WN
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April 1, 1965
The City Council of the City of Baytown, Texas met in special session on Thurs-
day, April 1, 1965 at 7:00 P.M., in the Council Room of the Baytown City Hall with
the following members in attendance:
Robert Barnes Councilman
David C. Clark Councilman
Kenneth E. Badgett Councilman
M. E. Lively Councilman
J. C. Huron Councilman
C. L. Liggett Mayor
Fritz Lanham City Manager
Absent: George Chandler City Attorney
Edna Oliver City Clerk
The meeting was called to order by Mayor Liggett.
Appointment A. M. Braswell, Councilman District No. 4
Councilman Badgett moved to appoint A. M. Braswell as Councilman from District No. 4
to fill the unexpired term of Seaborn Cravey who had resigned effective April 1st;
Mr. Cravey is seeking the office of Mayor in the April 6 Municipal Election. Councilman
Lively seconded the motion. The vote ibllows:
Ayes: Councilmen Barnes, Clark, Badgett, Lively and Huron
Mayor Liggett
Nays: None
Mayor Liggett administered the Oath of Office to Mr. Braswell, afterwhich he
took his place at the Council table as Councilman from District No. 4.
Tom Masterson - Underwood. Neuhaus G Company - Bond Sale Proposals
Tom Masterson, fiscal agent, met with the Council to discuss the recommendations
for beginning the Capital Improvements Program in Baytown through the sale of the
General Obligation and Revenue Bonds approved at the March 6th Bond Election.
ALTERNATE PLAN 81: Issue and sell the following during 1965.
GENERAL OBLIGATION BONDS
Streets ..............................$ 7009000
City Hall .... ........................ 300,000
Community Center ...........:......... 740,000
Water . ............................... 100,000
REVENUE BONDS
Sanitary Sewer .......................$ 690.000
TOTAL.... oee ..... *..o$2*530v000
ALTERNATE PLAN a2: All of the above plus the remaining Sanitary Sewer
Bonds, in the amount of $485,000; total Revenue Bonds
$1,175,000; total bonds sold (all purposes) $3,015,000.
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ALTERNATE N0, 3: GENERAL OBLIGATION BONDS
Streets .... ..............................$ 700,000
City Hall ........ ........................ 300,000
Community Center ......................... 335,000
Water ..... ............................... 100,000
REVENUE BONDS
Sanitary Sewer ...... .....................$1.175.000
TOTAL ........ ... .... $2,610,000
The schedules would not vary materially between the three proposals and it was his
recommendation that the first General Obligation Bond sale be held as quickly as
possible after the new assessed valuations have been determined. The Equalization Board
will meet in August and if the tax roll can be certified by mid - August, the fiscal
agent proposes to hall a bond sale about the second week in September and have funds
In the bank the first week in October. His reason for this recommended pattern is
obvious - the city will have almost a 50% increase in its assessed valuation this
year, which, in turn, will have a material effect on ratios of debt to assessed
valuation and their financial statement to bond buyers.
As to Revenue Bonds, it is unlikely that the city will need any portion of
this money before fall. However, it would be possible to go ahead with the revenue
bond sale within ashort time after the firm has received an appraisal of the valua-
tions of the assets of the Water and Sewer System. After a lengthy discussion, Council-
man Lively moved to accept Alternate Plan No. 2, with an amendment to include the
sale of all revenue bonds. Councilman Badgett seconded the motion. Mayor expressed
some concern about the feelings of the Citizens Committee; its reaction to the Council
adopting a program and priority listing other than the one recommended by the Committee.
Councilman Lively then moved to amend his motion to accept the Alternate Plan No. 2 with
an amendment including the sale of all revenue bonds provided the suggestion is approved
by the Citizens Committee. Councilman Badgett seconded the motion. The vote follows:
Ayes: Councilmen Barnes, Clark, Braswell, Badgett, Lively and Huron
Mayor Liggett
Nays: None
Neaotiate.Extension of Option
Councilman Barnes moved that the Council authorize City Manager Lanham to
negotiate extension of-option for purchase of land, including an additional $7,000.00
payment; said extension to be through November 10, 1965. Councilman Badgett seconded
the motion. The vote follows:
Ayes: Councilmen Barnes, Clark, Braswell, Badgett, Lively and Huron
Mayor Liggett
Nays: None
Hear Proposals Engineers and Architects - April 14th
The Council agreed to set the date of April 14th to hear proposals from
engineering firms and architects for work in the first phase of the bond program.
Adjournment
Councilman Badgett moved for the meeting to adjourn. Councilman Lively
seconded the motion. The ayes were unanimous and the Mayor declared the meeting
adjourned.
Fdna Oliver. City Clerk
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