01/26/1981-CC-Minutes-SpecialMINUTES: City Council Special Called Meeting
January 26, 1981
PRESENT: Mayor Cole, Bridges, Spindle, Thomas and Nesbitt
ABSENT: Cooper
OTHFR_S
PRESENT: Lloyd Henderson, Mary Jo Stover, Bill Carpenter,
Fred Simmons, Tom Pardue, Lindon Carr, Bennie
Schertz, Eunice Gray, and Randy Bridges
1. Lindon Carr met with Council to didcuss the Capital
Electric Expenditure necessary for the Denton Plastic
firm which purchased the Brougham Property. An estimated
usage of 375 KW Demand and 90,000 KWH was given. 375 KW =
$749.389 90,000 KWH = $4,209.93 for a total fo 84,959.81
less wholesale of $3,456.00 leaving a balance of $1,503.81.
Estimated payout - 18 months. The cost estimate to serve
Denton Plastics is as follows: Labor $4,647., Transporta-
tion $465., Material $21,847. for a total of $26,959. The
material includes 4-333 KVA Transformers at $3748. each.
Motion was made by Bridges to approve the estimated capital
expenditure of $26,959. Nesbitt gave the second. It was
voted unanimous. Discussion. Question was asked "If
Denton Plastics should pay for the spare transformer since
North Texas Plastics were required to pay?" Mayor Cole
stated he felt they should be treated and handled the same.
Denton Plastics have ask for a load factor of 750 KVA.
The load factor is not guaranteed nor is there an assurance
the business will stay. Lloyd to get with Lindon and work
out an agreement which will perfect the city.
M
eeting adjourned to a public hearing on the Bond Election.
ATTEST:
IiAYOR
riINUTES: City Council
February 2, 1981
PRESENT: Mayor Cole, Cooper, Thomas, Nesbitt and Bridges
ABSEPTT: Danny Spindle
OTHERS
PRESEiiT: Lloyd Henderson, Mary Jo Stover, John L. Sullivan,
Bill Carpenter, Mike GJalsh, and t;ob flood
1. The canvassing of ballots of the Bond Election held
January 31, 1981 was conducted with the following results.
140 VOTES:
FOR )
38 VOTES: AGAI�iST )
PROPOSITION N0. 1
THE ISSUAPJCE OF GJATER.Z)ORK�
SYSTEM REVENUE BONDS