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HomeMy WebLinkAbout1988/10/25-Agenda-Pre-Council PRE-COUNCIL MEETING �� LJ �J OCTOBER 25, 1988 COUNCIL CHAMBERS 9:00 A.M. ITEMS: Y" Sunbelt Industrial Development Authoritv Meeting Chairman Zapata called the meeting to order. Judson Bailitt stated that the first order of business should be the appointment of a Secretary/Treasurer. Councilmember Gillev was nominated and appointed by acclamation. Mr. Bailitt then gave a brief history of the Sunbelt Industrial Development Authority and the purpose for its establishment which is to structure bonds and development so that the city is completely protected. The Corporation seeks to promote and develop new and expanded industrial and manufacturing enterprises in the City of Fort Worth. The Corporation was asked to consider the issuance of Sunbelt Industrial Development Corporation revenue bonds for Gohmann Asphalt and Construction of Texas, Inc. , and Novikoft, Inc. . Gohmann Asphalt is requesting financing of its new plant to be located within the city limits of Fort Worth. The relocation will result in 21 new jobs with an estimated annual payroll of $638,400. The estimated cost of the plant is $2,500,000. Councilmember Gilley, in whose district the plant would be located, stated that the only problem with the relocation is that of the width of Risinger Road. The road is an 18' asphalt road which does not lend itself to heavy truck usage. Mr. Gilley stated, however, that there is no problem with the plant itself and that he telt sure that the problems with the road could be satisfactorily handled. Novikott , Inc. requested financing for the expansion of its wood case-good ottice furniture production plant. The plant expansion would include $2,000,000 for real estate and $1,000,000 for equipment. It is anticipated that 100 new jobs will be created by the expansion. The estimated cost of the expansion is $3,000,000. Councilmember Williams voiced his concern over the absence of MBE/WBE representation. He stated that there are many companies which would quality under the requirements for MBE/WBE but that the City is doing nothing to encourage their application for these bonds. Statt was instructed to meet with the Corporation to determine ways in which minority companies can be encouraged to participate. The issuance of bonds to both companies was approved by the Corporation. Pre-Council . Proposed CBD Trattic Studv ( I. R. No. 7328) - Gary Santerre, Director, Transportation and Public Works Mr. Santerre advised Council that a stiidv would be conducted to determine the wav in which trattic should be rerouted in the downtown area. Mr. Santerre stated that the studv would not be done to determine whether Lamar Street should be closed, only how trattic would best be rerouted. He asked that Council give permission to assemble a committee which would bring back a recommendation by mid-December. Councilmember Murrin questioned the wisdom in closing Lamar Street. He stated that, although he did not wish to delav anv construction in the downtown area, he had received several calls from area business people who are upset that they were not notified of the closure. He stated that in the future statt must make sure that all attected parties are notified of anv changes in the downtown area. 4. Questions/Answers Concerning Current Agenda Items - Ruth Ann McKinney, Assistant Citv Manager Ms. McKinnev advised Council that Mr. Harman requested that M&C G-7787 - Reappointment to Firemen's and Policemen' s Civil Service Commission be continued for one week until Charlie Shapard, Director of Personnel, Ms. Betty Kitch, and himself are back in town.