HomeMy WebLinkAboutCity Council-Minutes-7/30/2003
COLLEYVILLE CITY COUNCIL
WORKSESSION MINUTES
JULY 30, 2003
The City Council Worksession was called to order by Mayor Hocutt on July 30, 2003, at
5:10 p.m.
ROLL CALL:
Council persons Mark Skinner, Elaine Dolan, Rich Hendler and Jon
Ayers were present. Mayor Joe Hocutt, City Manager Bill Lindley,
Deputy City Manager Dianne McWethy, Finance Director Terry
Leake, Financial Analyst Collin Boothe, Assistant to the City
Manager Cindy Martin and City Secretary Cynthia Singleton were
also present.
Mayor Pro Tem Ginny Tigue arrived at 5:15 p.m.
Jim Sabonis, First Southwest Company also attended.
II. Discussion of Capital Financing and Capital Improvement Projects
City Manager Bill Lindley provided information regarding building and financing a
Capital Improvement Plan (CIP) and an overview of the process for reviewing the
capital improvement projects.
Finance Director Terry Leake and Jim Sabonis of First Southwest Company provided an
overview of existing debt.
There was general discussion related to capital improvement projects and funding.
Mayor Hocutt recessed the meeting at 7: 1 0 p.m. and reconvened at 7:29 p.m.
CITY COUNCIL WORKSESSION MINUTES
JULY 30,2003
Financial Analyst Collin Boothe provided a brief summary of currently funded projects.
Finance Director Terry Leake provided an overview of street perimeter fees, funding
sources and types of debt.
Council requested that staff provide the following information and compare with
surrounding cities: ad valorem per square mile, ad valorem per capita, the ad valorem
value for residential, retail-commercial, industrial and agricultural, utility debt per capita,
fund balance and operating budget for past ten years for General Fund and Utility Fund,
debt associated with projects, projects included in $3 million debt and a Utility Impact
Fee update
III. Adjournment
There being no further business before City Council, Mayor Hocutt adjourned the
meeting at 9:15 p.m.
APPROVED THIS /9~ DAY OF a~J q~C: 2003, BY A VOTE OF
..s- AYES, 0 NAYS AND 0 AB~TENTIONS.
M;n:;:~~
Cynthia Singleton, TRMC
City Secretary
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