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05/25/1994-CC-Minutes-SpecialElectric Superintendent Larry Yoa.st stated they were not supposed to be on and he would check into it. c i • Councilman Jenkins also as Ced if the flooding we had recently if it did arty damage to BroolC Glen, Electric Superintendent Larry oa:s't t d it did not. 12. Meeting adjourned. ( , j°z _ ,; Mayor C1ty Secretary ; .. . , .,'' y- . _ c' 'sO se> X AS 'e `\ lr,._ .... 1 MINUTES: Special Called City Council Meeting May 25, 1994 MEMBERS PRESENT: Mayor Nel Armstrong, Councilman Joe Bell, Councilman Jack Richardson, Councilmani Jerry Jenkins, and Councilman Tommy Kincaid MEMBERS ABSENT: Councilwoman Margie Braxton OTHERS PRESENT: City Administrator John Harriilton, City Secretary Rosalie Chavez 1. Mayor Armstrong called the meeting to order. 2. Consider and Possible Action Regarding :Resolution #R5-94 -Short Term Financing Council discussed financing Keaton and tdiTillow Street Improvement Project and the Library with afive-year note from GNB. Motion was made by Councilman Jenkins to adopt #R5-94 and seconded by Councilman Bell: CITY OF BANGER, TEXAS #R5-94 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BANGER, DENTON COUNTY, TEXAS, AUTHORIZING THIS FINANCING OF STREET RECONSTRUCTION AND OTHER GENERAL FUND IMPROVEMENTS. Also, the following changes: Delete: first paragraph, delete names of the streets and insert - for immediate renovation of certain designated streets. Delete: second "WHEREAS°' On the 4th WHEREAS, delete - Library improvement projects and insert - General Fund improvements, On #2). Insert - General Fund improvements and delete - and new Library Facility. Also, any other changes as staff deems necessary. Motion carried. 3. Consider and Possible Action Awarding the Keaton Road (F.M. 455 to Duck Creek Road)/Willow Street (Loop 138 to Jones Street) Paving & Drainage Improvement Bid Discussion. Councilman Jenkins made the motion to award the Keaton Road and Willow Street Paving and Drainage Improvement Bid to XIT Paving & Construction with the changes made by the engineer. Seconded by Couneihr ian Bell. Motion carried. 4. Meeting adjourned. Mayor City Secretary NUTES: City Council Workshop June �, 1994 MEMBERS PRESENT: Mayor Nel Armstrong, Councilman Jack Richardson, Councilwoman Margie Braxton, Councilman Jerry Jenkins, Councilman Tommy Kincaid, and Councilman Joe Bell OTHERS PRESENT: City Administrator John Hamilton, City Secretary Rosalie Chavez, Public Works Superintendent Chuck Tucker, Electric Superintendent Larry Yoast and Glenn Ervin 1. Mayor Armstrong called the meeting to order. 2. Discussion Regarding Capital Improvements Program Financing Lengthy discussion concerning an alternative for financing for the proposed street and library projects. Mayor Armstrong advised that Dan Almon, John and herself had d1SCUSSed passing a Resolution with the intention to retire the 1956 Street Improvement Certificates of Obligations. The funding for this early payment would be secured through a short-term loan through GNB, Sanger's Depository Bank.