1967 08 16 CC Minutes, SpecialW1
MINUTES-OF THE SPECIAL COUNCIL
MMING OF THE CITY COUNCIL OF THE CITY
4. QF BAYTOWN, TEXAS 1 t
4.
. August 16, '967 .
The City Council of the City of Baytown.. Texas, met in special session on Wed-
nesday, August 16, 1967, at 7:00 p.m. in the Sterling Municipal Library with the
following members in attendance:
Also present:
Absent:
Patrick
A. M. Braswell
Don M. Hullum
Albert Fanestiel
Lamar Kelley
Glen Walker
Seaborn Cravey
Fritz Lanham
J. B. LeFevre
None
Amendments - Industrial District Contracts
Councilman
CounciLnan
Councilman
Councilman
Councilman
Councilman
Mayor
n
City Manager
Director of Finance
The City Council discussed the Industrial District contracts and, on motion
by Councilman Ball, seconded ty Councilman Walker, the amendments listed below were
made to the proposed original Industrial District contract and reflected in the City
Council minutes of the special meeting held on August 14, 1967. The vote follows:
Ayes: Councilmen Ball, Hullum, Kelley and Walker
Mayor Cravey
Nays: Councilmen Braswell and Fanestiel
The amendments are as follows:
Subject: Recommended amendments to original Industrial District Contract
Proposed:
District I
First year through third year charge .1 percent x (true value of industry
less assessed valuation)
Fourth year increase percentage to .125 percent x (true value of industry
less assessed valuation) for three years.
Seventh year increase percentage to .15 per cent.
DistrictIl
Percentages to be applied to true value of these industries.
lst year
• 05
percent
2nd year
.075
percent
3rd year
. 1
percent
4th year
.125
percent
5th year
. 15
percent
6th year
. 15
percent
7th year
. 15
percent
I
District III
To be negotiated on justification basis for next two years. After two
years consider same percentage basis as applied to District II.
+ If the true valuation decreases by more than ten percent over the
period of this contract the rate of in- lieu -of taxes changes to .15
percent.
On motion duly made and seconded the meeting /adjourned.
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