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HomeMy WebLinkAbout1966/10/03-Agenda-Pre-Council MINUTE! Pre-Council Coidit�rence October ), 1966 Present Late Absent 1. Barr 6. Stovall (Item 2) 9. Kemble 2. Jones 7. Shannon (Item 2) �. Eagle 8. Hoover (Item 6) 4. Elamn 5. Deen L c c in Follow-Up 1. Ambulance Service Proposal NAN Councilman Eagle, Chairman of the Council Ambulance '�t,rvice Committee, commented that the committee's recom- mendation that the ambulance service contract be awarded to Cold Cross was unanimous, and he asked if there were any questions about it. There were no questions, and at the regular meeting the Council unanimously awarded the contract to Gold Cross (Councilman Shannon abstaining). 2. Investment of Temporarily Idle Funds HOWARD - prepare an appropriate (M&C C-1003) report for Council in 90 days . Mayor Barr asked what the yield last Friday was. Oie finance Director said it was about 5.51 per cent on 91 day U. S. Treasury bills, and that it appeared There was a downward trend. Councilman Hamm said he had a re- port from Merrill-Lynch-Pierce-k'enner & Smith that con- firmed this. He said he prefers a 90 day review, it the hanks are allowed to pay the difference between the treasury bill rate and the bank's maximum allowed rate. The City Manager said that the problem in this al- ternative would compound itself if the high interest rates continue over a long period of time. lie suggested a 90 day cutoff period on this alternative. Councilman Hamm said there are two considerations in- volved - the yield to the City and keeping the money locally to help the local economy. Payor Barr said it appeared the consensus was to have the 10 day limit on the alternative of letting the banks pay the difference in interest rates, and that the Council would again consider the matter at the end of 90 days., if it hadn't straightened itself out. Councilman Hamm made a strong plea to leave all the money in local banks, including that money which was now in the three banks which don't care to participate over the allowed bank rate at this time. Mayor Barr asked how much money there is in these three banks. The City Manager said that Continental National Bank has about a million dollars in City money and there are small amounts in the other Orr'D Two banks. 1"I !Couiicilman Eagle asked if these three banks would come �n�ll back in later if interest rates go down below the bank allow-able rate. The City Manager said he thought they would, and �~I that the opportunity would be given to them to come back in. ��Ile said that the other hank:, can absorb these funds without reaching the 50 per cent of capital and surplus limit provided in the Council policy on investments. The consensus of the Council was to pro-rate the entire amount of City inve:.cment funds to local bank: that desire them, up to the 50 per cent of Capital and surplus, and Ki C G-lUOi, alternative 2 With 6 per cent inter(-'Lt, was approved at the regular mee t lo-z. 3. City Participation in Rogers Road bridge Improve- GENE - memo to PW to folio% up ments (M&C G-1002) The City Manager explained this project from a map. Councilman Hamm asked what are the plans for Rogers Road north of Collinsworth Street, The City Manager said that there are not Sufficient bond funds in the five year program to provide for improvement of the roadway north of Collinsworth at this time. Ile said a traffic light would be installed at Collins- worth and University Drive when warranted by traffic countts,. Ile said there will probably be a greater problem at Holtzer :street and University because Holtzer is too close to the new University Drive bridge that will be built by the Water District for the floodway. He said construction of the bridges on University and Rogers Road was a year or a year and a half away. `Itie consensus of the Council was to proceed as recommended, and M&C G-1002 was approved unanimou:,ly at the regular meeting. It. Contract to Remove Pedestrian Underpasses at NAN Will Rogers Memorial Center (M&C C-80b) The City Manager commented that not many persons u.ce these underpasses now. The consensus of the Council was to close both pedestrian underpasses as recommended, and M&C C-808, alternate 2, was approved unanimously at the regular weet nx. 5. Award of Contract - Old Granbury Road NAN improvement (M&C C-809) The City Manager reported that thi,� recommendation included waiving the neighborhood herring because there will be minimum assessments levied and it is desirable Lo get the work underway immediately. Councilman Shannon asked if notices of a neighbor- hood meeting had been sent out. The Public Works Director reported that he didn't think they had been sent yet. (This was in error - notices had been mailed). The City Manager reported that the only assessments �f��4��'11 11"M Lt proposed are where the frontage road (1,edgwood Drive) is f 1 eliminated by the widening of Granbury Road, and on com- CITY �+�alr;; y F mercially ,coned property only. He said M&C G-762 last Jh July discussed this widening and assessment proposal. tiVr�R�it�, Councilman Hamm .asked if the City can legally assess ii U LhU:;e commercial properties. The City Manager said that Lhe proposed assessments are according to application of c.<isting policy and that only commercial property would pay for the widening. He said the policy doe:; not call for assessments for widening against residential property. Mayor Barr asked how about widening the entire dis- Larce of Granbury Road to include Wedgwood Drive. flue .iLy Manager ::aid that this_ would not be desirable for the adjacent existing residential properties because of the faster traffic flow on a widened street. He said the only reason any widening to include '..edgwood Drive is done ? tk at all is because of the anticipated traffic problems at the intersections of Hulen and Wedgmont i:ircle North which make the widened boulevard section desirable. 'rhere were no further questions, and at the regu- Iit meeting hI&C C-809 was approved unanimously. Report of 'Zoning Committee NAN Councilman Hamm, chairman of a special Council .oning Committee, reported that his commistee had met recently to work on the final draft of the second stage ul the report to the Council, including the specific revisions of the zoning ordinance. He said it looks like a good report will be forthcoming soon. He com- mented that particular problems are being worked out on regulations for hotels and motels, medical centers , uid nurseries. He mentioned that two particular problem! are the automatic action required of the Zoning Board of Ad justment on hotels and motel:,, which the Committee pro- pu-.cd to be eliminated for such facilities fronting on highways or major streets. Another requirements that would lie :simplified is that of having a front door on a street _ 7. Colonial Parkway Improvements JLB - has verbally inbtructed Grah.un to proceed immediately The City Manager reported that 1►e and the Public and Wet contract recommendation lurks Director recommend that the Council waive the to Council as soon as possible. neighborhood hearing on the Colonial Parkway improve- ment:;, in order to speed up this work and avoid any conflict next spring with the Colonial Golf Tournament. The City Manager said that unless someone on the Council objects, the staff will follow this procedure. '('here was no objection.,; stated by any Council member. Councilman Hamm asked how the Colonial Parkway im- pruvements fit with the master park plan. The City Manager aid that it was fully coordinated with the Park and Recrea- tion Department. ,Fri RECORD CITY SEC:NARY FT. VINTOL TAX.