02/01/2021-CC-Minutes-Work SessionMINUTES
CITY COUNCIL WORK SESSION
MONDAY, FEBRUARY 1, 2021
5:00 PM
HISTORIC CHURCH BUILDING 403 N 7TH STREET
SANGER, TEXAS
COUNCIL MEMBERS PRESENT:
Mayor Thomas Muir, Mayor Pro Tem Gary Bilyeu; Councilmember David Clark; Councilmember
Marissa Barrett, Councilmember Allen Chick, Councilmember Dennis Dillon
COUNCIL MEMBERS ABSENT:
All members were present
STAFF MEMBERS PRESENT:
Interim City Manager Jeriana Staton, City Attorney Hugh Coleman, Financial Director Clayton
Gray, Stefani Dodson Development Services, Laura Klenke Library, Sgt. Josh Bishop Police
Department, Ted Christensen, Director of Electric Mike Prater, Director of Public Works Jim Bolz,
City Engineer Tracey LaPiene
1.Call Meeting to Order
There being a quorum, Mayor Thomas Muir called the February 1st, 2021, City Council Work
Session meeting to order at 5:05 p.m..
2.Overview of Capital Project Needs and Bond Funding
Presentation of City debt and bond funding information by Finance Director Clayton Gray and Ted
Christensen, President of Government Capital Securities Corporation.
Presentation of capital project information by City Engineer Tracy LaPiene, Public Works Director
Jim Bolz, and Electric Director Mike Prater.
Financial Director Gray gives an overview of some of the Capital projects, bond money, and
introduces Ted Christensen from Government Capital Securities Corp. He explains in the general
fund there is
Mr. Christensen summarizes the funds and debts. He explains to the Council about the bond funds.
He explains that the General Fund debt is funded by property taxes. The Enterprise debt is
supported by the utility bills. He goes over the utility rate plan that is in place. Mr. Christensen goes
over a power point with the Council.
There is a brief discussion with the board and Mr. Christensen. Mr. Christensen does let the city
know right now the City has a double A rating, and explains this is very good. He states the interest
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MINUTESCITY COUNCIL WORK SESSIONMONDAY, FEBRUARY 1, 20215:00 PMHISTORIC CHURCH BUILDING 403 N 7TH STREETSANGER, TEXASCOUNCIL MEMBERS PRESENT:Mayor Thomas Muir, Mayor Pro Tem Gary Bilyeu; Councilmember David Clark; CouncilmemberMarissa Barrett, Councilmember Allen Chick, Councilmember Dennis Dillon COUNCIL MEMBERS ABSENT:All members were present STAFF MEMBERS PRESENT:Interim City Manager Jeriana Staton, City Attorney Hugh Coleman, Financial Director ClaytonGray, Stefani Dodson Development Services, Laura Klenke Library, Sgt. Josh Bishop PoliceDepartment, Ted Christensen, Director of Electric Mike Prater, Director of Public Works Jim Bolz,City Engineer Tracey LaPiene1.Call Meeting to OrderThere being a quorum, Mayor Thomas Muir called the February 1st, 2021, City Council WorkSession meeting to order at 5:05 p.m..2.Overview of Capital Project Needs and Bond FundingPresentation of City debt and bond funding information by Finance Director Clayton Gray and TedChristensen, President of Government Capital Securities Corporation.Presentation of capital project information by City Engineer Tracy LaPiene, Public Works DirectorJim Bolz, and Electric Director Mike Prater.Financial Director Gray gives an overview of some of the Capital projects, bond money, andintroduces Ted Christensen from Government Capital Securities Corp. He explains in the generalfund there is Mr. Christensen summarizes the funds and debts. He explains to the Council about the bond funds.He explains that the General Fund debt is funded by property taxes. The Enterprise debt issupported by the utility bills. He goes over the utility rate plan that is in place. Mr. Christensen goesover a power point with the Council.
There is a brief discussion with the board and Mr. Christensen. Mr. Christensen does let the city
know right now the City has a double A rating, and explains this is very good. He states the interest
rates are very low right now and our rating is great.
City Engineer Tracy LaPiene goes over the packet he handed out. He is pointing out the Capital
Projects that need attention. A couple of the projects that are included are the FM455 and I35
expansion.
Public Works Director Jim Bolz summarizes what he will need to move existing pipes for both
projects.
Electric Director Mike Prater also summarizes what he will need in order to move the electric lines
on both projects.
The board has a brief discussion on the items that need to be done. They go over the funds
available and what will be needed in a bond.
3.Overview of Items on the Regular Agenda
4.Adjourn
There being no further agenda items for discussion, Mayor Muir adjourned the Work Session
Meeting at 6:52 p.m.
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