HomeMy WebLinkAboutCC 1968-03-04 Minutes
MINUTES OF THE SPECIAL CITY COUNCIL
MEETING OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS, HELD AT THE CITY HALL,
4101 MORGAN CIRCLE, MONDAY, MARCH 4,
1968 - 7:30 P.M.
CALL TO
ORDER
The special city council meeting was called to order
at 7:30 P.M. by Mayor Calvin F. Luper.
ROLL CALL
PRESENT:
Mayor Calvin F. Luper
Councilmen:
P. M. Dodson
J. R. Hubbard
Dick Faram
J. F. Cato
STAFF PRESENT:
City Manager, Stephen K. Shutt
City Secretary, Evalyn R. Reed
Consulting Engineer, Wm.R. Ratliff
ABSENT:
Councilmen:
Staff:
Harold B. Daley
J. B. Sand lin
Fred Chester
Marion L. Massey, City Attorney
Mayor Luper informed the city council this special meeting had been
called for the purpose of considering adopting resolution and order
for city bond election. Mr. Eubanks and Mr. Morrow, representing the
First Southwest Company were present at this meeting. At this point
in the meeting Mayor Luper introduced Mr. Morrow, attorney to the
city council who in turn reviewed the resolution and order for city
bond election. After reading and review of this resolution and order,
Councilman Dodson moved, seconded by Councilman Faram, to amend
Proposition 3 to read as follows:
Proposition Number 3
"Shall the City Council of the City of North Richland Hills,
Texas be authorized to issue FOUR HUNDRED TWENTY THOUSAND
DOLLARS (420,000) general obligation bonds of said City for
the purpose of making permanent public improvements, to-wit:
the reconstruction and equipment of a municipal building, to
house library, administration and police facilities1 said
bonds to mature serially over a period of years not to exceed
FORTY (40) years from their date, and to bear interest at a
rate not to exceed SIX PER CENTUM (6%) per annum, payable
annually or semi-annuallY1 and to provide for the payment of
principal of and interest on sàid bonds by levying a tax
sufficient to pay the annual interest and to create a sinking
fund sufficient to redeem said bonds as they become due?"
This motion carried by the city councilr the vote 4-0.
Councilman Faram moved, seconded by Councilman Hubbard, that the
city council formally approve and adopt the resolution and order
for city bond election. The motion carried by a vote of 4-0.
Councilman Dodson moved, seconded by Councilman Faram to add to this
agenda the consideration of an assessment rate per front foot on
unimproved streets covered under this bond program. The motion
carried by a vote of 4-0.
After discussion and analysis by the city council Councilman Dodson,
moved, seconded by Councilman Faram that a rate of $2.50 per front
foot be established on all unimproved streets in those areas desig-
nated for improvement in the proposed bond issue on which property
there now exists a residence, with a limit of 500 linear front
feet per residence. All other property classifications, and all
footage in excess of 500 feet, are to be assessed at the rate of
$5.50 per front foot on unimproved streets. The motion carried
by a vote of 4-0.
ADJOURNMENT
Councilman Cato moved, seconded by Councilman
Faram, that the city council meeting be adjourned.
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City of North Richland Hills
ATTEST:
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Ci ty of North Richland Hi Ils