11/30/1959-CC-Minutes-SpecialNUVember 23, 1959.
The City Council met in a call session for t,4e purpose of meeting
with two representives of the Texas Power Light Co.. Those present
were Mayor Wilson, Councilmen Seely, Wind.le, Acker, Cooper, and
Brown.
The representives of TPL offered the City of Sanger ;P111,000.00
for the Valley View Sytem. and Bolivar s„ystomq or would give
90,000.00 for the Valley View system in Cooke County. This is by
taking this amount of the bonds, and v;ro)-ld draw up a contract to
the effective that if the City would need any adeiitioaial bonds
they would pay .off the remaining part of the debt, so the City
could it=;sue Bonds. These propositeons was not accepted by the
Council. They advised the TPL that they woUld take for the Valley
View System '1121,000.00 and the TPL would have the 9,249.16 in
the reserve fund at the Mercantile National Bank. This applied to
Cooke County only. TPL ivotld let the City know about this.
City will start t1Ye G" sewer line ror,) Church street to the
proposed new line at the south end of 2nd street.
All dellnClunet account will collected or turn off at the date
specified. Richard wavy to be !}riven this job.
A r 3otion :1cl.er, seconded by Cooper to adjourn, motion carried..
'lhe City Council
purpose of opening
run from the south
Those present were
4Uiridle and Acker.
f ir(YY was present.
NOVEMBER 30, 1959
OPENING AND ACCEPTING BIDS ON A SEWER LINE
SOUTH END OF 2NST STREET TO THE EXISTING SEWER PLANT
KEMP CONSTRUCTION COMPANY
GGYOUNG INC
CONTRACT WITH KEMP
Call session
met lY1 a O
<,nd accepting bids on a
end of 2nd street to the
Afa.yor 'lilaon, Col}nci-lmen
l r. Ballard and Shrader
n the
abov€ d.te for the
sewer line that was to e
existing sewer plant.
Cooper, Brown, See,*y,
of the Ballard Engineering
l+zr. Kemp of the ei p Construcin, Co., Teo=rn "11", 1 ddins Building,
i_ngton, Tt:xr3.s presented a hid of '$7,Z185.40 to furnish and completely
install this sewer line,
14r. Young, of the G. G. Young Inc., 3743 Walnut Hill Lane, Dallas,
Tex,,s presented a bid of .109922.30 to furnish and completely install
this sewer line.
A motion by Acicer, seconded, by Cooper to accept and presnt the contract
to construct tiMis newer line to I r® I;:eYrip of t'ne hemp Constructing Co.
at the price of U7,885.40, motion carried,
Mr. DENNING, ni.!NIGHT WATCHMAN :for the City, wanted, to have RIr. COLLETT'
to help him in his job as nightwatehman, Mr. Denning was to work
15 days a month and Mr. Collett to work the rest of the month. This
was to be considered by the Council.
HOMER HUNTER ASS ENGINEERS Romer ]hinter Ass., Engineers out of Dallas who was employed in
May to make a, survey of the Sewer system, sewer treatment and water
survey for the City iu May 1959 wanted to meet with the Council, the
Cosine set December 21, 1959 as the date for them to meet with the
Council.
secretary w,js ins-trizcted ;with the help of },Ir. : Sullivan, };itT
ATTORNEY to write T.P. & L. the City proposal_ to sell Copke COUNTY PROPERTIES
OF THE ELECTRIC SYSTEM
SANGER MUNICIPAL ELECTRIC SYSTEM LOCATED IN COOKE COUNTY
TP&L TEXAS POWER AND LIGHT CONTRACT
properti_e:s of the City of Sanger Electric al System. Theppoposal is
as follows:
`}she City Council of danger, Teas, has tontativel,y approved, i.n
accordance with previous discussion with repr c ;entatives of your
Compan;T, the. sale of all electric properties of the Sanger Municipal
Electric System, located. in Cooke County, texas, tinder a sales
agreement which would frovide as follows;
(1 T. P, Y L, shall by contrc,c t agree to service all _1 7i
outstanding electric revenue bonds of the City of Sanger, 'l'exas, in
the principal amo,int preseAtly, outstanding in the amount of
'12190009009 th t is, T.P. & L. shall assume the payr,ent of siad
indebtedness, and shall from -time to time place funds with the
paying agent which, when added to the pressent reserve fund for the
payment o; said bonds in the 11ercantile National Banh of Dallas,
Dallas, Texas, would be sufficient to make all the pa,ymnnts on both
Mahe principal . nd interest until all of such outstanding bonds are
retired.
(2) The Company and the City shall enter into an agreement
wherehy the City, in the event it should need to expand its gen®
erati.ng capacity at any time prior to I,he date when the final
bond has been retired, would have the option to either:
(a) acquire generating facitities through lease-purdchase
agreement, or
(b) purchase additional needs for its expanded power loads
from -the company under rates and teems Nv'}.ich would be made a '
part of such agreement, or
(c) the City would, through a refuidin• process, issue
additional revenue bonds to me;Nt its needs under a contrdet where®
by the company would continue to make to the paying agent the same
payments that it was theretofore obligated to make.
) It is uncle•stood that the Compnay's entering into such a
contract would be made contingent upon securincr the consent of
present holders of the electric revenue bonds.
In the event that this proposal meets with the approval of the
,your company, the Cot+ipany is invitod to submit 'to t}ae City such
proposed ordinances, a,reements, and contracts as iuld be re®
rluired to effectuate such sa.1e.
li motion by Seely seconded by Acker to adjourn, motion carried.
ec eta.ry Mayor