1971 03 01 CC Minutes, Special14940
MINUTES OF THE SPECIAL MEETING
OF THE CITY COUNCIL OF THE CITY OF BAYTOWN
March 1, 1971
The City Council of the City of Baytown, Texas met in special
session on Monday, March 1, 1971 at 5:00 o'clock p.m., in the Council Room
of the Baytown City Hall with the following members in attendance:
Ted L. Kloesel
Councilman
Leonard Stasney
Councilman
Don M. Hullum
Councilman
Allen Cannon
Councilman
Lamar Kelley
Councilman
C. Glen Walker
Mayor
D. R. Voelkel
City Manager
W. R. Laughlin
City Attorney
Howard Northcutt
Adm. Assistant
Edna Oliver
City Clerk
David Evans Councilman
The mayor called the meeting to order and stated that the special
meeting was called to consider the option to extend the term of the Indus-
trial District Agreement between Houston Lighting & Power Company and the
City of Baytown.
She original Industrial Agreement with Houston Lighting & Power Co.
was executed August 27, 1969 and extended over a period of seven years with
annual payments of $11,163.00 to be made to the City on the let day of April,
1970 through April 1, 1976. However, the parties agreed that effective
January 1, 1971, the City shall have an option, to be exercised not later
than March 1, 1971, to substitute for this agreement a new Agreement iden-
tical in terms to the present Agreement except: (1) such new Agreement shall
be for a term of seven (7) years from the let day of April, 1971; (2) payment
by HL&P to City during term beginning April 1, 1971, shall be a total sum
of Two Hundred Twenty Three 'Thousand Two Hundred Sixty -Nine ($223,269.00)
Dollars to be paid in seven (7) annual installments, said installments to be
$31,895.00 annually and will terminate as of March 31, 1978.
The Tax Assessor, Mickey Coe, submitted a pay -out schedule on the
original and option contract, plus an amount to be received in tax revenue
at the close of each contractual agreement. He prepared the schedule showing
total annexation and annexation of 248 of the facilities and property. The
total annexation tax revenue annually would be $10288,125..00 and a 248 ratio,
$309,150.00 annually. Mr. Coe completed his table of comparison by assump-
tion using today's values and a tax rate of $1.50 per $100 valuation based on
508 of the assessed value, and it revealed that if the council exercises the
option it will cost the City $152,862.00 in revenue over the seven (7) year
period. Following some further discussion, Councilman Stasney moved not to
exercise the option in the contract. Councilman Kloesel seconded the motion.
The vote follows:
Ayes: Councilmen Kloesel, Hullum, Stasney, Cannon and Kelley
Mayor Walker
Nays: None
Adjourn
There being no further business to come before the Council, the
motion was made by Councilman Hullum and seconded by Councilman Kloesel that
the meeting adjourn. She ayes wer�panimoy� d the Mayor declared the
meeting adjourned. /v al,7
AT7T:
n
Edna Oliver, City Clerk
Q�William R. Laughlin, City Attar y
r, mayor
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