Loading...
07/20/2009-CC-Minutes-Regulari MINUTES: CITY COUNCIL MINUTES July 06, 2009 PRESENT: Mayor Joe Higgs, Councilman Thomas Muir, Councilman Russell Martin, Councilman Glenn Ervin, Councilman Andy Garza MEMBERS ABSENT: Councilman Robert Patton OTHERS PRESENT: Mike Brice City Manager, Rose Chavez City Secretary/Asst. City Manager, Ted Christensen, Financial Advisor Government Capital, Reverend Reggie Logan, Mrs. Logan, Peggy Haskins 1. Call Meeting to Order, Invocation, and Pledge of Allegiance. Mayor Higgs called meeting to order, Reverend Logan (Galilee Baptist Church) led the invocation and Councilman Martin led the Pledge of Allegiance, 2. Citizens Input: Citizens are allowed 3 minutes to speak. The City Council is unable to respond or to discuss any issues brought up during this section. None CONSENT AGENDA 3, a) Approve Minutes: July 6, 2009 -- Work Session July 65 2009 -- City Council b) Disbursements c) Approve Galilee Baptist Church Tent Service on August 1 and 2, 2009 d) Approve Resolution #Wm09-09 - Galilee Baptist Church 100th Year Anniversary e) Approve 2009 Interlocal Agreement with Denton County Tax Office for Tax Collections Councilman Ervin requested item (c) and (d) be pulled from the agenda for discussion in item #4. Councilman Garza made a correction to the minutes on approval of the consent agenda to indicate that he had abstained for approval since he was absent for the June 15t" meetings. Motion was made by Councilman Ervin to approve the consent agenda as presented with the correction as noted, and to pull item (c) and (d) for discussion. Seconded by Councilman Martin. Motion carried unanimously. 4. Consider any Items Removed from Consent Agenda. Reverend Reggie Logan, Pastor of the Galilee Missionary Baptist Church, 300 E. Willow Street, addressed Council concerning his request for a tent service on August 1st and August 2°d, 2009. The Galilee Missionary Baptist Church is about to embark on their 100 year anniversary. He invited the Council to attend this special event beginning on August 1st at 6:00 p.m. The celebration will begin with dinner, followed with a musical. The official dedication of their site marker will be conducted on August 2 nd, at 10:00 a.m. Reverend Logan gave a brief history of their Church. (c) Motion was made by Councilman Ervin to approve the Galilee Baptist Church tent service from August 1st and 2nd 2009. Seconded by Councilman Garza. Motion carried unanimously. (d) Motion was made by Councilman Muir to approve Resolution #R07-09-09 recognizing Galilee Baptist Church 100th Year Anniversary. Seconded by Councilman Martin. Motion carried unanimously. 5. Consider and Possible Action on Approving Reimbursement of $1950.00 in Water Tap Fees to Rio Vista Homes for Overpayment of Tap Fees, The City Manager advised that at one point in the past Sable Creek Partners paid water tap fees for a water meter that was basically utilized for landscaping. Rio Vista Homes came in and built a house at that location and utilized the same tap, meter and box that was there. The problem is that both builders paid for the tap fees. Staff would like to reimburse Rio Vista Homes the tap fees. Motion was made by Council Ervin to reimburse $1950.00 to Rio Vista Homes for overpayment of water tap fees. Seconded by Councilman Muir. Motion carried unanimously. 6. Consider and Possible Action on Approving Resolution #R07-07-09 -Approving a Change in the Tariffs of Atmos Energy Corporation, Mid -Tex Division ("Atmos") as a Result of a Settlement Between Atmos and the Atmos Texas Municipalities (ATM). The City Manager advised that this is the last increase of about $24 million from Atmos Energy. On June 10, the Atmos Texas Municipalities met with Atmos and negotiating an offer to settle for a net increase of $2.6 million. This would mean an increase to residents of about 15 cents per month. This is settled at the State level and approved at a local level. Motion was made by Councilman Ervin to approve Resolution #1107-07-09 approving a change in tariffs of Atmos Energy Corporation, Mid -Tex Division as result of a settlement between Atmos and Atmos Texas Municipalities. Seconded by Councilman Martin. Motion carried unanimously. 7. Conduct Public Hearing Regarding an Application for an Outdoor Recreation Grant from the Texas Department of Parks and Wildlife for Development of a Sports Complex, Mayor Higgs declared public hearing opened. No one spoke for or against. Mayor declared public hearing closed. 8. Consider and Possible Action on Approving Resolution #R07-08-09 -Authorizing Application for an Outdoor Recreation Grant from the Texas Department of Parks and Wildlife for Development of a Sports Complex. The City Manager advised this is a grant for the new Sports Complex. This grant is a 50-50 grant with a match up to $500,000. There was also another public hearing that was held at 49.00 p.m. that was a requirement for the application process. It was discussed that the matching funds are funded from the bond proceeds. Motion was made by Councilman Muir to approve Resolution #R07-08-09. Seconded by Councilman Ervin. Motion carried unanimously. 9. Consider and Possible Action Adopting Ordinance #07-09-09 - Ordinance Authorizing the Issuance of City of Sanger, Texas Combination Tax and Revenue Certificates of Obligation, Series 2009. Ted Christensen with Government Capital gave a review summary of all the current bond debt and the debt that is about to be issued. He gave a summary of the EDC obligation of $190,000. A review of the sale of the bonds continued as follows: the market and the difficulty concerning the sale of the bonds, review of the bond rating of Baal, insurance cost, underwriter's discount, and underwriter's risk He advised that getting insurance saved the City $160,000. He also discussed the cost involved with private placement. Mr. Christensen advised it is expensive to issue debt and with private placement it has become very expensive. Ted Christensen discussed the bond payments and the formulas with underwriting, underwriting discount and underwriter's risk Discussion continued concerning re -funding this bond issue, and that it is not an option until eight or nine years. Mr. Christensen also discussed the importance of the bond ratings. Motion was made by authorizing the issuance Certificates of Obligation carried unanimously. Councilman Ervin to approve Ordinance # 07/09/09 of the City of Sanger Combination Tax and Revenue Series 2009. Seconded by Councilman Martin. Motion 10. Consider and Possible Action on Approving Resolution #R07-10-09 - Relating to Approving a Financing by the Sanger Cultural Education Facilities Finance Corporation for the Benefit of Centerpoint Community Baptist Church DBA Center Point Church and Related Matters. Ted Christensen advised that the Sanger Educational Corporation was created about a year ago. The Corporation is used as a way to take a non-profit 501c-3 charitable organization, with a taxable loan that is laundered through the corporation and it comes out as a tax exempt loan. It is done in accordance with State Statues and in accordance with IRS. The benefit to the City is a $10,000 check. This is the second check for the City this year. This is a great opportunity for cities and for non-profit organizations. Andrew Kuruth is the bond counsel who handles these transactions. The City does not have any obligations concerning this loan. Motion was made by Councilman Muir to approve Resolution #R07-10-09 relating to the financing by the Sanger Cultural Education Facilities Finance Corporation for the benefit of Centerpoint Community Baptist Church DBA Center Point Church and related matters. Seconded by Councilman Garza. Motion carried unanimously. 11. Executive Session: Pursuant to Open Meetings Act, Chapter 551, Texas Government Code, Subchapter D, 551.074, Deliberation Regarding Personnel Matters. a) Review City Manager Employment Contract Motion was made by Councilman Martin to table item 11 & 12 for the next City Council meeting. Seconded by Councilman Muir. Reconvene: Into Regular Session and Consider Action if any, on Items Discussed in Executive Session. 12. Information Items: a) City of Sanger Investment Report b) Monthly Financial Statement as of June 2009 c) Monthly Library Report d) Chamber of Commerce Profit & Loss Report e) Letter From Moody's Investors Service 13. Adjournment. Mayor Higgs adjourned the meeting.