HomeMy WebLinkAboutCity Council-Agenda Packets-4/18/2006
city Of
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Texas
CITY COUNCIL MEETING
CITY COUNCIL CHAMBERS
100 MAIN STREET
APRIL 18, 2006
5:30 P.M. - PRE COUNCIL AGENDA
EXECUTIVE CONFERENCE ROOM
THIRD FLOOR
PC-1. Update of Keep Colleyville Beautiful
PC-2. Update of the FY 2006 Mid-Year Budget and FY 2007 Budget Direction
PC-3. Presentation of the Monthly Financial Report - March 2006
PC-4. Presentation of the Quarterly Investment Report
PC-5. Discussion of the April 18, 2006, City Council regular agenda items
REGULAR AGENDA
6:45 P.M. - CALL TO ORDER
ROLL CALL
1. EXECUTIVE SESSION - In accordance with Texas Government Code Chapter
551, Subchapter D
Sec. 551.071 -
Consultation with Attorney on Legal Issues Raised by Public
Hearing or Action Items on the Agenda
Legal - Brian K. Meroney vs. City of Colleyville
Legal - George Hencinski and Rose Mary Hencinski vs.
David C. Banning, Tamara S. Banning and City of
Colleyville, Texas
Sec. 551.071 -
Sec. 551.071 -
100 MAIN STREET COLLEYVILLE, TEXAS 76034 (817) 503-1000
Sec. 551.071 -
Sec. 551.072 -
Sec. 551.087 -
Legal - Potential Litigation - Marketing Management
Incorporated, Professional Services, Inc., (MMI) and Citizen
Centric Solutions (CCS)
Property - Deliberate the purchase, lease, exchange or value
of real property
Economic Development - Discuss and deliberate commercial
and financial information received from business prospect(s)
the City seeks to have locate, stay or expand within the City
7:30 P.M. - RESUME REGULAR MEETING
COUNCIL CHAMBERS
INVOCATION: Lee Johnson, Bear Valley Community Church
PLEDGE OF ALLEGIANCE: City Attorney Matthew Boyle
EXECUTIVE SESSION:
2. CONSIDER AND TAKE ANY ACTION(S) NECESSARY RELATIVE TO ITEMS
DISCUSSED IN EXECUTIVE SESSION - Resolution R-06-2688
3. CORRESPONDENCE, MISCELLANEOUS REPORTS OF MEETINGS
ATTENDED BY THE CITY COUNCIL AND CITY OFFICIALS AND
ANNOUNCEMENTS, PROCLAMATIONS OR PRESENTATIONS
PROCLAMATION -
PROCLAMATION -
PROCLAMATION -
In recognition of Keep America Beautiful Great American
Clean up and Colleyville Clean Sweep - Roger Nelson,
Chairman, Keep Colleyville Beautiful
In recognition of Colleyville Garden Club Promenade - Becky
Meadows, President and Carol Wollin, Promenade Chair,
Colleyville Garden Club
In recognition of the Colleyville Garden Club for landscaping
projects at City Hall, Sparger Park and the Webb House -
Becky Meadows, President and Carol Wollin, Promenade
Chair, Colleyville Garden Club
CONSENT:
4. READING AND PUBLIC HEARING - Resolution R-06-2689 - Consent Items:
a. Approval of minutes of the regular City Council meeting of April 4, 2006
b. Approval of broker/dealer firms: Coastal Securities, Duncan-Williams, Inc.,
J.P. Morgan Securities, Inc. and Merrill Lynch for investment purchases
c. Authorize the City Manager to proceed with the acceptance of the Public
Utility Commission of Texas 2006 Consumer Price Index adjustment to
municipal telecommuncations right-of-way access line rates
d. Approval of a donation of trees and irrigation system from David Bagwell
Company
PUBLIC HEARINGS:
5. SECOND READING AND PUBLIC HEARING - Ordinance 0-06-1570 -
Approval of a Zoning Change from AG-Agricultural to R40-Single Family
Residential on 3.16 acres out of the T. White Survey located at 6208 L.D. Lockett
Road, Case Z-06-004
6. READING AND PUBLIC HEARING - Resolution R-06-2690 - Approval of
authorizing the City Manager to support and proceed with Cities Aggregation
Power Project's (CAPP) efforts to contract for long term capacity with the owner
of generation to supply the electric power needs of CAPP members.
CITIZEN COMMENTS:
7. CITIZEN COMMENTS/PRESENTATIONS REGARDING ITEMS NOT ON THE
AGENDA
This item is provided for citizens to address the City Council on matters not on the
agenda. Each presentation will be limited to five (5) minutes. State law requires that
before the City Council can discuss or take action on an item, the specific subject must
be posted in advance. Therefore, while the City Council is interested in your comments,
the City Council cannot enter into discussions or take action on your request at this
meeting.
REPORTS:
8. TRAFFIC SAFETY ADVISORY COMMITTEE MINUTES - January 9, 2006
PARKS AND RECREATION ADVISORY BOARD MINUTES - March 6,2006
PLANNING AND ZONING COMMISSION MINUTES - March 13, 2006
LIBRARY BOARD MINUTES - March 13, 2006
ACTION/RESOLUTION:
9. DISCUSSION AND CONSIDERATION OF A RESOLUTION RATIFYING
COUNCIL AGENDA ACTION FOR THE MEETING OF APRIL 18, 2006 -
Reading and Public Hearing - Resolution R-06-2691
ADJOURNMENT
10. ADJOURNMENT
I hereby certify the above agenda was posted on the bulletin boards at City Hall on Thursday, April 13,
2006, at 5:00 p.m.
cYtJ9~MC
City Secretary
Any matter on this agenda may, at the discretion of the governing body, be opened for
public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1133, and reasonable accommodations will be made to assist you.
PRE COUNCIL
city Of
CCe'" AGENDA BRIEFING
'{"X;\$
MEETING DATE: I
ITEM#: i
04/18/06
PC-1
CITY MANAGER I
DEPARTMENT HEAD
FINANCE REVIEW I
Previous Action: None
DEPARTMENT: CITY COUNCIL
SUBJECT: Update of Keep Colleyville Beautiful
Roger Nelson, Chairman of Keep Colleyville Beautiful, will provide a brief update of Keep
Colleyville Beautiful activities and direction.
Keep Colleyville
BEAUTIFUL ~
Our Mission is to enhance the environment of
Colleyville through involvement in litter eradication
and beautification projects.
UPDATE
BRIEFIN G
COLLEYVILLE CITY
COUNCIL
APRIL 18, 2006
817~488~ 7148
6700 Colleyville Blvd · Colleyville, TX 76034
Tree City USA
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Litter Scale: Written Descriptions
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Score
Instructions for Scorer
1 "No Litter"
Virtually no litter can be observed in the sub-area being
scored, The scorer has to look hard to see any litter,
perhaps a very occasional litter item or two in a ciry block,
or equivalent. Any litter seen could be quickly collected
bv one individual. The entire sub-area has a generally neat
and tidy appearance; nothing gra bs the eye as being
littered or messv,
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2 "Slightly Littered"
Upon c::ueful inspection, a small :1mount of litter is
obvious to the scorer. The litter in the sub-area could be
collected by one or two individu:1ls in :1 short penod of
time_ While the sub-are:1 has a small 3mOunt of litter, the
e'-e is not continually grabbed by litter items,
3 "Littered" Visible litter cm re3dily be seen throughout the sub-area,
likely requiring an organized effort for remoY:1!. This area
IS ., littered" :1nd clearly needs to be addressed,
4 "Extremely Littered" .-\ continuous amount of litter le'-el is one of the first things
noticed :1bout the sub-:1re:1, .\bjor dleg:11 dumpsites mIght
be seen in the sub-:1rea, requiring equipment and/or extrJ
manpower for remo'-a!. There is a strong imrresslOn of a
lack of concern 3bout litter in the sub-;:uea,
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Score
Instructions for Scorer
1 "No Litter"
Virtually no litter can be observed in the sub-area being
scored, The scorer has to look hard to see any litter,
perhaps a very occasional litter item or two in a city block,
or equivalent. Any litter seen could be quickly collected
by one individual. The entire sub-area has a generally neat
and tidy appearance; nothing grabs the eye as being
littered or mess v ,
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2 "Slightly Littered"
Upon careful inspection, :1 small :1mount of litter is
obvious to the scorer, The litter in the sub-area could be
collected by one or two individuals In :1 short penod of
time_ \X'hIle the sub-are3 has 3 small 3mount of litter. the
e\-e is not continuallv grabbed by lItter items,
3 "Littered" Visible litter C3n re3dily be seen throughout the sub-3rea,
likely requiring 3n org3nized effort for remon!. This area
is ., littered" and cle3rly needs to be addressed,
4 "Extremely Littered" .-'\_ continuous 3mount of litter lewl is one of the first things
noticed about the sub-3rea. :vbjor illeg3! dumpSltes mIght
be seen in the sub-3re3. reqUiring equipment 3nd/or extrJ
m:mpower for remO\-a!. There IS 3 strong impression of a
bck of concern about litter in the sub-area_
72
(e') 2nn.; Kat .-\mC'fh":.\ Be-.HItI:UJ. lll(
PRE COUNCIL
cce'" AGENDA BRIEFING
It-x;)$
MEETING DATE: :
ITEM#: !
ORDINANCE #: j
4/18/06
PC-2
CITY MANAGER I
DEPARTMENT HEAD I
FINANCE REVIEW :
Previous Action: None
DEPARTMENT: CITY MANAGER'S OFFICE
SUBJECT : Update of the FY 2006 Mid-Year Budget and FY
2007 Budget Direction
This item is provided as an opportunity to update Council of the current budget and preliminary
direction for preparing the FY2007 Budget. During the March 21 Pre City Council meeting, it
was the consensus of the City Council to utilize the April 18 meeting date to provide potential
direction to staff in the development of next years expense plan.
A review of the FY2006 Work Initiatives reveals considerable completion on a number of the
activities. The most exciting work deals with the acquisition of a facility to develop a senior
center and corresponding property for park development. Involving a combination of land
acquisition for the senior center and adjoining fire station, the City has been able to effectively
reduce the park land deficit by fifty percent. Meeting the citizen concern for continued street
maintenance afforded an opportunity for funding the street budget to $650,000 by the City
Council. The bulk of the street work has been completed or is underway. Lastly, a continued
focus on growing the economic base of the City has led staff's focus on promoting Colleyville
as a viable location in the region. These efforts are helping lead the way in our sales tax
growth consistently witnessing a 16% average growth per month.
While focusing on potential projects for the next fiscal year, it is important to pause and reflect
on the current year projections. Generally, all revenues are on track to meet anticipated
revenue estimates. The attached budget information reveals that our key revenue items meet
projections, excepting for fines. Staff is optimistic we will meet our anticipated expense plan
for this year without any significant difficulties.
Leading into the budget development for FY2007, staff focus will be principally funding the
compensation program presented to the City Council at the last Pre Council Worksession. The
General Fund share will require approximately $275,000 of an estimated $450,000 in revenue
growth. Additional staffing and bringing online the planned 'senior center will absorb a majority
of remaining funding. While early in the budget process, I do not foresee any significant
budget issues impacting the development of the FY2007 Budget.
Attachments
. FY2006 Mid Year Budget Update
. FY2006 Work Initiatives
· FY2006 Annual Work Plan Update
.@
Texas
MEMORANDUM
TO:
Bill Lindley, City Manager
FROM:
Stephen Seidel, Budget & Administrative Services Manager
DATE:
April 18, 2006
SUBJECT: FY2006 Mid-Year Budget Update
The Quarterly Budget Report is presented to the City Council each quarter. This report
will provide a mid-year (second quarter) budget summary. The Quarterly Budget Report
highlights expenditure and revenue trends for the General, Utility and Drainage Funds
as the City progresses through the fiscal year. This is directly tied to the City Council
Work Initiative of ensuring fiscal integrity and stewardship of the City's financial
planning. This report details the FY05-06 second quarter (January - March).
General Fund
Overview
The City has received $11,203,320 in General Fund revenue as of March 31, 2006.
That is an increase of approximately 8.14% over last year at the end of the second
quarter. At mid-year, the City has expended $6,773,721, an approximate 1.96%
increase from mid-year FY04-05. The current end of year projection is to finish
$559,877 under budget. However, that amount includes the $200,000 Council
Discretionary line item as well as savings from the merit pool (approximately $186,799).
Traditionally, the City spends slightly more in the spring and summer months due to
items such as overtime to cover employee vacations, increased summer programs, .
activities, and utilities. However, staff is optimistic that the City will meet our expense
plan without any significant difficulties. General Fund revenues and expenditures are
detailed in the following paragraphs.
Revenues
Overall, the numbers for the second quarter revenues are above that received by this
time in the previous fiscal year. An additional positive is that a great majority of the
second quarter numbers are also above previous projections. The paragraphs below
summarize general fund revenues with more detail.
Ad Valorem Tax: Current receipts of total ad valorem collections are slightly higher
than projected for the second quarter. Delinquent taxes and penalty and interest are
items that may appear as concerns at this point, are in reality items that may be
favorable. The recovery of delinquent taxes, for example, has exceeded the projected
second quarter percentage and accounts for approximately 70% of the total approved
amount for FY06. This does not point toward an increase in delinquency. Rather, it
reflects an exceeded recovery of already delinquent taxes. The resulting penalty and
interest collected is lower, a correlation to the higher than anticipated recovery of
delinquent taxes.
Franchises: Due to the remittance schedules of existing franchise agreements,
revenues in the second quarter of the fiscal year were higher than anticipated franchise
payments. Atmos Gas, for example, remitted $334,347 - eclipsing the second quarter
projection by over $134,000. TXU remitted over $50,000 more than projected. Overall,
total franchise payments received exceed second quarter estimates by nearly $200,000.
Sales Tax: With nearly 50% higher receipts than last fiscal year through the second
quarter, the mixed beverage tax is helping provide the more than 18% increase in total
annual sales tax receipts in the second quarter of FY06 when compared to the second
quarter FY05. Sales tax receipts remain strong with a16% average growth per month.
Licenses and Permits: The receipts collected under the "Animal" category have seen a
recovery since last quarter, and is now 30% over the second quarter projection. As
expected, City license permits have also increased since last month as contractor
registrations are renewed annually and typically not until project need within the City.
Additionally, building permits, building review fees, plumbing permits, electrical permits
and fire permits are all well above projections for this point in the fiscal year. Sign and
fence permits, while currently under projections, are expected to see what has
historically been a cyclical increase in the spring and summer months; this cyclical
increase is an expected occurrence that will help to bring numbers more in line with
projections. Total receipts for licenses and permits are at this point over 25% higher
than that received in FY05, and well over that projected for second quarter receipts for
FY06.
Fines: The number of citations issued for non-parking traffic violations during the
second quarter was 2,282. This is an increase of 937 such citations written during first
quarter FY06. Taking into consideration all fines, including non-parking traffic violations,
non-traffic misdemeanors and ordinance violations, March marked the first month in the
last two years that the total citations issued exceeded 1,000. False Alarm revenue is
just below second quarter projections. However, The 60 day educational/grace period
with regard to false alarms (starting January 1, 2006) has lapsed and citations will be
issued to those homes that have not been registered. Library fines are over projected
receipts for the second quarter, and account for 69% of the total projected amounts for
the budget year.
Charges for Service: Overall, receipts for total charges for services are in line with
total projections. Higher than projected receipts for services include those in the areas
of Board of Adjustment fees, plat fees, re-zoning fees, sale of materials, animal
impoundment fees, ambulance fees, recreation programs and lot drainage fees. The
Colleyville Center has received approximately 14% higher than expected receipts from
rental fees, equating to more than $26,000 over the projected amount for second
quarter FY06. This, along with the amounts received from those City services listed
above, help to bring the overall receipts for charges for services in line with second
quarter projections.
As the Alianne Estates, Blue Star Colleyville, Cambridge Place, Hibernia National Bank,
Longwood Plaza, Meadows Creek Plaza, Preston Oaks, Town Center Phase 3, and
Village Phase 2 projects are finished throughout the year revenues from engineering
and inspection fees, collected upon the project completion, are expected to be more in
line with FY06 projections. Meteorological conditions have contributed to minimal plant
growth, but weed mowing is typically expected to increase during the spring and
summer months, as are non-resident fees and field use charges as Spring sports
registrations increase. The library typically sees an increase in building rental during
the summer months, when schools are not in session.
Expenditures
At the end of the first quarter, the overall departmental average amount expended by
the General Fund was 48.8%. The percentage includes encumbered money, such as
service or maintenance contracts. Using an encumbered percentage is a more
accurate measure for making projections. The following departments exceeded the
50% second quarter threshold. The first quarter is still early in the fiscal year and staff
will continue monitor expenses closely.
Office of the City Manager: The following line items contributed to the 6.4% over the
second quarter 50% gauge. The majority of dues and subscriptions were paid in the
Fall and early Spring, Open Government Training meal cost occurred in February, and
additional printing are attributed to the overage. Additionally, a maintenance contract
was incorrectly credited to the wrong account and a corrective journal entry has been
made.
Fire Department: The 3.1 % second quarter overage can be attributed to the hiring of.
three firefighter/paramedics in January, increasing their pre-employment expenditure for
the quarter. Dues and subscriptions were also renewed during this period. The Fire
Department also made the second payment for the interlocal agreement with the City of
Bedford for the Colleyville-Bedford fire station. Building and property maintenance
supplies were also purchased during the second quarter.
Police Department: The Police Department was 0.2% over the 50% second quarter
gauge. That can be attributed to vehicle equipment, $8,695.97, being incorrectly
credited to the General Fund rather than the Colleyville Crime Control and Prevention
District (CCCPD).
Parks Department: The Parks Department has two substantial service contracts they
enter into during the first quarter that accounts for the encumbered 61.5%. The service
contracts are for mowing and tree trimming as well as the radio communications
maintenance agreement. The Department only encumbered 17.5% between January 1
- March 31, for an average of 5.8% per month. The 17.5% expenditure is well below
the 25% quarter expenditure gauge (8.3% per month).
Communications Department: The Communications Department has expended
53.6% of their annual budget through the second quarter. The Department made two
substantial expenditures early in the fiscal year. Celebrate Colleyville and City Hall
holiday decorations are both budgeted within the Communication Department's budget.
The Communications Manager was issued a Blackberry cellular device that was not
originally budgeted for FY05-06.
Building Maintenance: The Building Maintenance Department has encumbered
80.7% of their budget through the second quarter. However, Building Maintenance
enters into janitorial service, automatic door control maintenance, elevator maintenance
and inspection contract, window cleaning contract, and pest control contracts during the
first quarter. The Department only expended approximately 3% during the second
quarter, mainly for building maintenance and supplies.
Information Services: The Information Services Department has encumbered 57.8%
of their allocated budget at the mid-point. A significant portion of the budget was spent
in the first quarter for the annual computer replacements during the first quarter. The
Network Administrator enlisted the use of a Blackberry cellular device that has
increased the cellular phone cost for the fiscal year.
Recreation: The Recreation Department has encumbered 50.8% of their allocated
budget through the second quarter. The Department recently paid the annual license
agreement for their recreation software support. Additionally, the Department has
encumbered money for brochure printing. Many of the Department's expenses that
may be increased are offset by additional revenue generated. For example, if there are
increased expenditures for programs those expenditures are offset by increased
registration fees or increased participation.
Engineering: The Engineering Department has encumbered 50.5% of their total
operating budget through the second quarter. The Department expended a large
amount during the second quarter to complete a sidewalk on Bedford Road. Additional
computer supplies were also purchased during the second quarter.
Community Development: The Community Development Department has
encumbered 50.8% of their allocated budget through the second quarter. Annual dues
were paid during the second quarter, and additional operating supplies were purchased.
The Department also provides a meal to Commission members who commit their time
to serving on Planning and Zoning. Those meals were not budgeted for in FY05-06.
Thus the Commission Expense line item has exceeded the budgeted amount.
Utilitv and Drainaae Funds
The Utility and Drainage Funds are both on target at the end of the first quarter.
Overall, the Utility Fund total income increased over 46% from the FY04-05 mid-year.
Due to continued dry conditions, water sales increased 71.91 % at the end of the second
quarter compared to last fiscal year. However, the water sale increase was offset by
increased City water purchases from the Trinity River Authority (TRA). During the
second quarter, the City purchased 175,780,000 more gallons of water from the TRA
than in second quarter FY04-05. That is a total of 592,352,000 more gallons of water
purchased year-to-date than FY04-05. Water and sewer installations continue to
exceed both projections and last year second quarter numbers. Engineering charges
have increased due to developments coming on line during the second quarter.
Engineering charges revenue is expected to increase throughout the Spring and
Summer. As previously mentioned in the first quarter report, staff has started to explore
changing the fee structure that would require developers to pay a portion of the fee prior
to development and the remaining portion after development completion.
The overall average amount expended by the Utility Fund at the end of the second
quarter was 46.5%. Utility Administration Department exceeded the 50% second
quarter threshold by 2.1 %. This is attributed to a first quarter communications
maintenance agreement, annual dues payment to the American Public Works
Association, and increased cellular phone use. Debt Service payments were made per
the debt service schedule prescribed by statute.
Through the second quarter, the average amount expended by the Drainage Fund was
55.8%. Debt Service payments were made per the debt service schedule prescribed by
statute which has increased the overall average to exceed the 50% threshold.
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CITY OF COLLEYVILLE
2005 - 2006 Work Initiatives
Make Collevville more prosperous throuah economic development efforts
. Prepare a plan addressing redevelopment opportunities with the goal of
increasing commercial viability and creating a sense of unique destination for
properties along SH26 while addressing challenges property owners will be
confronted with associated with highway construction.
Enhance the maintenance and reconstruction of the city roads and streets
. Develop a five year street plan identifying funding requirements for both
preventive maintenance and reconstruction needs for neighborhood streets and
thoroughfares and scheduling of intersections. Funding opportunities include,
among others, available Fund Balance cash, fees, capital bond financing and
new fees or taxes. The plan will provide focused attention to street improvement
opportunities for 2006.
. Prepare a study to develop a commuter rail center in conjunction with regional
planning for the Cotton Belt Commuter Rail Line with a focus on retail
development and/or cooperative partnership opportunities.
Ensure fiscal intearitv and stewardship of the City's financial planning
. Continue development of a five year financial plan identifying anticipated
revenues and corresponding expenses for both operations and capital. The plan
will identify needed adjustments to staffing, programming and operations and
corresponding identified adjustments to user fees and taxes, as needed.
Effectivelv utilize and promote Collevville's paid and volunteer human resources
. Develop a workforce development plan focusing on a competitive compensation-
benefits plan while addressing needs for succession planning and addressing
ways to promote greater citizen volunteer participation and recognition.
Expand community relations of the Mavor & City Council with citizens and Boards
. Develop a plan promoting elected officials credibility with the general citizenry by
promoting the active involvement of citizens to participate with Board and
Commission opportunities, creation of a Colleyville Presidents Council and the
hosting of annual meetings with key community groups and City boards.
Develop. expand and promote leisure activity opportunities for the citizens
. Identify opportunities to focus on the development of city parks and private
developments by creating an "urban oasis" for citizens to relax and enjoy family
times thru enjoyment of trails, open spaces, theaters, shopping, etc.
Colleyville In Action
Ff~ U U f) ;\JJJJ ~J~JJ "J\} ui J~
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Colleyville In Action
2005 - 2006 Work Plan
./ Make Colleyville more prosperous
through economic development efforts
./ Ensure fiscal integrity and stewardship of
the City's financial planning
./ Enhance the maintenance and
reconstruction of city roads and streets
1
Colleyville In Action
2005 - 2006 Work Plan, continued
../ Effectively utilize and promote Colleyville's
paid and volunteer human resources
../ Expand community relations of the Mayor
and City Council with citizens and Boards
../ Develop, expand and promote leisure activity
opportunities for the citizens
Colleyville In Action
Make Colleyville more prosperous through
economic development efforts
. SH26 Redevelopment Plan - Underway
. Church Street Project - Underway
. Starbuck's relocation - Announced
. Engineering contract for Church Street - Complete
. ROW for Church Street extension - Underway
. Design for Church Street - Underway
. Develop business development program - Ongoing
. Sales tax growth averaging 17.5% and leading area
cities in percent growth
2
Colleyville In Action
SH26 Redevelopment Study
· Mixture of retail-residential
· Some non-conforming uses
· 11 sub-study areas
· Comprises 250 acres
· Complete by Fall 2006
· Anticipated Results
. Modified building regulations
. Introduce residential development
. Open space areas
. Development incentives
~ SH 26 RedOYeiopmenl @
StudY Areas
i ~.,
113 !
I "-.".
i -
! I
I
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Colleyville In Action
Co/leyvi/le Town Center
· 110,000 sq. ft. constructed by next year
· Announced retailers
· Metro Cinema - IMAX
· Indigo Grill
· Borders Book Store
· McAlister's Deli
"Co/leyville was the right site in locating
our store for Northeast Tarrant County"
Borders announcing Colleyville
3
Colleyville In Action
Village at Colleyville
· Planned construction next 2 years
· 300,000 square feet commercial
· 200,000 square feet residential
· Additional parking
Colleyville In Action
Residential Activity
· Averaging 25 permits monthly
· New home value averaging $550,000
· Seeing a trend for "empty nester" development
· 40th Best City in the nation by Money Magazine
· Ranking by D Magazine as 5th best suburb
4
Colleyville In Action
Other projects
· Residential
. Heritage Oaks -124 Townhomes
· Preston Oaks -149 SF lots
. Allianne Estates - 12 SF lots
. Castleton Manor - 29 SF lots
· Commercial
. Meadows Creek Plaza
. Southwest Colleyville Office Park
· Via Colleyville
· Longwood Plaza
· Hibernia Bank
· Marketing of Kroger Center
· John McCain at SH26 development
Colleyville In Action
Public Safety
. Installation of outdoor sirens - Complete
· Installation of Wi-Fllnternet - Complete
· 911 Digital Recording System Upgrade - Complete
· Fire Station
· Land acquisition - Complete
· Station design - Underway
· Rifles for patrol cars - Complete
· Replacement of car laptops - Complete
· Personnel - Complete
Emergency Management Mgr. Patrol Sergeant
Battalion Chief 3 Firefighter-Paramedics
Patrol Lieutenant 2 Public Safety Assistants
5
Colleyville In Action
Ensure fiscal integrity and stewardship of
the City's financial planning
. Citizen Education Day - Complete
· Receive the CAFR Annual Award - Complete
· Secure the Budget Annual Award - Complete
· Continued AA+ bond rating - Complete
. Update the 5 Year Financial Plan - Ongoing
Colleyville In Action
Grant applications
$5,139,973 for County bond with $2,418,000
initially recommended for County election
$ 729,521 Community Sustainability
$4,415,309 for Statewide Transportation
Enhancement Program - (STEP)
$1,782,044 for Local Air Quality program (LAQ)
6
Colleyville In Action
Trail projects submitted for Statewide
Transportation Enhancement Program
(STEP)
$1,002,168 Cotton belt Trail Phase III
$1,631,097 Little Bear Creek Trail
$1,258,838 SH26 Landscape Enhancements
$ 523,206 Cotton belt Trail Landscape
Enhancements
Colleyville In Action
Streets submitted for County bond
Intersections
Jackson Road at Cheek Sparger
Martin Parkway at Cheek Sparger
John McCain at Pleasant Run
Glade Road at Pool
Street Improvements
Bogart Street
Church Street Realignment
Trails
Pleasant Run Trail
Thompson Terrace Trail
Big Bear Creek Trail
. .. included in preliminary
. .. included in preliminary
. .. included in preliminary
. .. To be determined
. .. included in preliminary
Studies
Park-n-Ride Feasibility
7
Colleyville In Action
Creative joint-ventures
· Citizen Request Management
· Agenda Management Software
· Web site design
· Wi-Fi Internet
$100'JOQQ sav!tngs
Colleyville In Action
Enhance the maintenance & reconstruction
of city roads and streets
· Prepare commuter rail grant - Complete
· Hire new Drainage Dept. employees - Complete
· Maximize County funding - Complete
. Submit projects to County-State - Complete
. Implement FY2006 program - Underway
. Appoint citizen CIP committee - Underway
. Design of Glade @ Heritage - Underway
8
Colleyville In Action
Street Maintenance
Work Activity
Resurfacing
Street crack seal program
Pavement Sealing
Street Maintenance Budget
Staffing
Equipment Purchase
Street Crack Seal Machine
Asphalt Patching Truck
Oil Distributor Truck
Pneumatic Roller
FY 2005
26,400 feet
5 subdivisions
- 0 -
$445,000
10
FY2006
37,000 feet
10 subdivisions
40 miles
$650,000
12
$55,000
$93,000
$99,400
$54,500
Colleyville In Action
FY 2006 Projects
. Overlay Program
Road
Tinker
Bogart
Pleasant Run
Bransford - White
John McCain
McDonwell School Rd.
From
SH26
SH26
John McCain
L.D. Lockett
Pleasant Run
Westcoat
To
Pleasant Run
Pleasant Run
City limits
Westcoat
Westcoat
Herbert
. Pavement Seal and Crack Seal Program
Brook Meadows Saddle brook Regan Estates
Highland Meadows Woodland Hills Plymouth Hills
Woodbriar Estates Oak Knoll Timberline
Overland Trail Herbert Felps Court
. Drainage
Tara Subdivision
Jim Mitchell
Bill Simmons
Murphy
9
Colleyville In Action
FY2006 Capital Projects ($23,327,000)
Proiect
Outdoor Warning Sirens
Tara Plantation Drainage
Parkland Acquisition
McPherson Park Trail
Pleasant Run Parking Lot
Glade @Heritage Intersection
Fire Station DesignfConstruction
Senior Center Project
Pleasant Run Trail Phase I
Terra Cotta (City Park) Road Extension
McPherson Park Phase I
Reagan Ground Water Storage Tank
Water Transmission Lines
SH26 Utilities Adjustment
Nature Center Playground
Irrigation Monitoring System
Trail Improvements
Ballfield Renovations
Dugout Shade Replacement
Cost
$ 150,000
$ 300,000
$ 537,000
$ 88,000
$ 50,000
$1,700,000
$5,153,000
$1,200,000
$ 200,000
$ 125,000
$1,900,000
$5,000,000
$1,600,000
$5,000,000
$ 95,000
$ 50,000
$ 80,000
$ 80,000
$ 19,000
Status
Complete
Complete
Complete
Complete
Complete
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Underway
Colleyville In Action
Effectively utilize and promote Colleyville's
paid and volunteer human resources
. Workforce Development Study - Underway
. Compensation Study
. Staff Development and Retention
. Succession Planning
. Enhance employee communication - Ongoing
. Quarterly Mid Level Managers Meeting
. Quarterly Employee Group Lunch with Manager
. Monthly departmental visit by Manager
. Monthly wellness program
10
Colleyville In Action
Expand community relations of the Mayor
and City Council with citizens and Boards
· Board and Commission
· Open House - Complete
· Appreciation reception - Complete
· Informational pamphlet - Complete
. Public Officials training - Complete
· Organizational Information in City Hall lobby - Ongoing
· Council of Neighborhoods-Organizations - Ongoing
Colleyville In Action
Expand community relations of the Mayor
and City Council with citizens and Boards
· Keep Colleyville Beautiful - Ongoing
· NeighborWood Program
· Model Neighborhood Program
. Keep America Beautiful application
· Web site development - Complete
· Citizen Request Management
· Broadcast of meetings
· Public documents
. Online payment-registration
11
Colleyville In Action
Expand community relations of the Mayor
and City Council with citizens and Boards
· Positive awareness from news articles - Ongoing
· Water use for fire protection
· Public Officials training
. Village zoning ordinance
· City Council election filing
· Open government with the internet
Colleyville In Action
Develop, expand and promote leisure activity
opportunities for the citizens
. McPherson Park Phase I
. Design improvements - Underway
. Demolition of structures - Underway
. Relocation of log barn - Complete
. Pleasant Run Soccer Parking Lot - Complete
. Senior Center - Underway
. Terra Cotta (City Park) Road Extension - Underway
. Irrigation Monitoring System - Underway
. Dugout Shade Replacements - Complete
. Statewide Transportation Enhancement Program (STEP)
. Local Air Quality program (LAQ)
. City Park Ballfield Automated Lighting System
. Parkland Acquisition - Complete
. Reduced parkland deficit by 50%
12
Colleyville In Action
Develop, expand and promote leisure activity
opportunities for the citizens
· Cottonbelt Railscape Study - Submitted
. Trail Improvements
. Master Plan Update - Complete
. 5 Year CIP - Complete
. Bedford Road sidewalk - Complete
. McDonwell School Road - Complete
. McPherson Park Trail - Complete
. Pleasant Run Trail - Design underway
. Cotton belt Phase II - Design underway
. Castleton Trail- Design underway
Colleyville In Action
Special Leisure Activity Projects
· Turk Log Barn Relocation - Complete
· Coordinate publication of history book - Complete
· Participate with the Garden Club to landscape the Webb
House and Sparger Park - Complete
. 50th Celebration - Underway
. Nature Center playground replacement - Underway
. City Park ballfield renovations- Underway
13
Colleyville In Action
Discussion
14
PRE COUNCIL
cc@n",
lex..:;
AGENDA BRIEFING
MEETING DATE:
ITEM # :
04/18106
PC-3
j
DEPARTMENT HEA !
NIA
Previous Action: None
DEPARTMENT: FINANCE
SUBJECT : Presentation of the Monthly Financial Report -
March 2006
General Fund
The percentage of current year taxes collected is ahead of March 2005 collections by .18%,
and collections are over 96% of the roll with six months remaining in the fiscal year. The
annual gas franchise tax payment was received in March, and it was up $98,564/41.8% over
the amount received in FY 2005. Sales tax revenue received in March was up
$30,685/28.09% over the amount received in March 2005. Thirty-six residential building
permits were issued in March, as compared to twenty-nine issued in March 2005. Municipal
Court revenues are now up due to a greater number of citations issued in the past two months.
The average amount expended by the departments at the end of March is 45.4%
Utilitv Fund
Water usage increased over the amount in March 2005 due to continued dry conditions. The
average amount expended by the Utility Fund at the end of March is 46.7%.
Attachment
. March 2006 Monthly Financial Report
MONTHLY FINANCIAL REPORT - MARCH 2006
111111111111il!IIII!lllillllllllllllllllllllllllllllll111111~lllllllllllllllllilllllllllllll~lillllllllllillIllli~lllllllllllillllil.J~i::;:
Current Taxes
Delinquent Taxes
Penalty & Interest
$7,440,760
65,000
45,000
$7,207,653
45,423
21,625
$7,143,130
40,950
19,000
$7,034,829
51,229
21,500
2.46%
-11.33%
0.58%
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TXU Electric $814,003 $867,594 $814,003 $775,974 11.81%
Tri-County Electric 76,000 85,962 76,000 69,654 23.41 %
Atmos Gas 200,000 334,347 200,000 235,783 41.80%
SBC Communications 107,165 55,048 53,583 53,803 2.31%
Verizon/Others 60,600 18,743 30,300 30,583 -38.71%
Refuse/Recycling 99,000 44,625 43,313 45,693 -2.34%
Cable TV 135,000 77,350 67,500 65,631 17.86%
:TQt1~:f~$.H~$.~:TAX$.$:;::::::::::::::::::::::::::::::::;::::::;~';4~~;J$.8.:: :::::;::::::~j~~~;~~:: ::::::::::::~:1:l~8.~;~~~:: :::::::::::::::::~1~?~!;'~1:: ;:;::::::::;:::;::;:1$.:.1~%:
Sales Tax
Mixed Beverage Tax
$1,927,661
63,000
$695,458
34,916
$622,124
31,500
$592,499
23,341
17.38%
49.59%
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Building $850,000 $599,929 $425,000 $451,609
Plumbing 145,919 88,248 72,960 81,089
Electrical 91,000 51,942 45,500 46,843
City License 55,000 31,192 27,500 30,390
Building Plan Review Fee 150,000 93,182 75,000 79,157
New Business 3,000 1,504 1,500 1,833
Animal 2,000 1,308 1,000 1,556
Sign Permit 7,500 3,460 3,750 3,410
Fence Permit 7,000 3,225 3,500 3,675
Fire Permits 9,000 7,350 4,500 5,450
:mQI~:~iq~~~~;~:e$fflMim$.::;::::::::::::;::::::::;:::::::::;:~~;~~;1~~:: ::::::::::::::::~~~i;~#~:: ::;::::::::::::~~ql~~~:: ::;:::::U::::;:::;mt~*~~n:~:: .. .. .
Fines
False Alarms/Permits
Library Fines
$650,000
35,000
14,500
$246,408
21,000
9,983
$325,000
28,000
7,250
$214,900
o
7,987
32.84%
8.83%
10.89%
2.64%
17.72%
-17.95%
-15.94%
1.47%
-12.24%
34.86%
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14.66%
100.00%
24.99%
:TQt;i\~:fj~$~:::::::::::'::::::;::::::::::;:::;:::;:::;:::::::::::;:::;:::::::::::::::::~~~;~PO,:: ::::::::::::::::~~n;~~':: ::::::::j~6,~Hg~q:; :::::::::::::::::::::~~?~~~~7;: ::::::::::::::::::::?1L,1$%:
MONTHLY FINANCIAL REPORT - MARCH 2006
il~~ill~~!!!!!!!!!iii!I!'!!!!!!!!!!!!!!!!ii!!!ii!i!!!!i!!!!iiiil~I!!!!!!!!!!!!!i!illii!i!I!!il!i~BI!!!!i!!i!i!i!!!lioo!!I!il!i!!!!!iii!!II~I!!!I!1
Re-zoning $11,059 $5,885 $5,530 $5,528 6.46%
Plat Fee/Site Plan 15,000 9,118 7,500 7,486 21.80%
Board of Adjustment 1,500 1,125 750 750 50.00%
Sale of Material 2,000 1,836 1,000 1,961 -6.37%
Weed Mowing 3,740 200 1,870 600 -66.67%
Animal Impoundment 2,889 2,195 1 ,445 1,562 40.52%
Ambulance 190,000 104,785 95,000 63,457 65.13%
Recreation Program 134,695 68,398 65,000 37,642 81.71%
Non-Resident Fee Parks 18,530 7,640 9,265 6,990 9.30%
Field Use Charge 21,760 9,355 10,880 9,235 1.30%
Engineering & Inspection 100,000 26,680 50,000 35,674 -25.21%
Chgs & Reimbursements 6,000 825 3,000 2,637 -68.71%
Colleyville Center Rental 183,000 117,561 91,500 91,777 28.09%
Library Building Rental 300 60 150 175 -65.71%
Lot Drainage Insp Fee 28,625 18,875 14,313 16,375 15.27%
:mQt~:~~#ffl~~~:fPR:~yip~:~:~':::j:::::::::::::::::~:~~::~~t~~lp~8,:: :'::~::::~:::~::$~11l~~:j ::::::jjj~j::::~*~~tlg~~:: :::~:::::~~:::~::::::~~~~8,~~~ .:::::::::::::::::::~~#.~~rci:
DARE Officer Reimb
$77,565
$0
$0
$0
0.00%
:mqt~:~jijgR~9~~Mg~m#8:: :::::::~ ~ :~~:::: ::1i~i::::: ::i:i~~ ::~!#l~$,#:i ~1:'i: ~i:i:::: :::~::i :ii:::1 :~~11 :::::ii::~:1:111:i: ~1~~~:~~i~i~p:: i:~:ii::: :::1:1 ~i:1:~:1~i~:1ii:~:~~ ~~i : ::::::: ~1~:~ii:~:.::i1~lARrci1
Sale of Surplus Property $10,000 $22,903 $10,000 $0 100.00%
Interest Income 276,250 84,169 84,000 54,236 55.19%
Miscellaneous 53,000 33,957 32,500 40,785 -16.74%
Use of Available Cash 200,000 0 0 0 0.00%
Celebrate Colleyville Revenue 0 3,950 0 8,950 -55.87%
Antenna Lease 56,500 36,328 36,000 45,921 -20.89%
iT<?I#:MI~p$.MN~q9~::1::::1::::ii~:::::~1:ii1:1::~:::::~:::::1: :::::~~~lJ~:: ::~:1:::1::1:~1:~~ l@~?:: ::~ :i~,::~:::::j1:6,~~~9qi1 ~:::::::1::::::: :~~:i~~~~18,~~1 ,::~:1~11~::::~:~ ~11:~4L,~~%:
Transfer from Utility Fund
$491,025
$0
$0
$0
0.00%
:T<?I #' T~~F~ffi~:::: ~:::::::::::: ~ 1: 1 ~:':::::::: 1 1 i::::::::::: 1: 1:: 1 ~:::: 1:: :~~~ ;p~5,: ~ .. ::: ~:: 1: 1:: 1: ~:: 1 i:: :~:: ::::: ~:::::: ~: ~:: ~ ~ ~ ~ ~ ~:: ~::: :~p.: ~ ::: 1::: ~ ~ 1::::::: ~::::::: 1 1:: 1: i: i: ~~:. .: ~ ~ ~:::::: ~:: 1 ~: ~:: ~~~pr~ ~
:TOTAt~G.sNEMill:FUN6:REv.ENUE$ :1~~::11::1:11~' :~:$14L9~l~: '~: :'1:1:1~ $1:t;2(}3l3Z{j::~~'~: :~::' $~Ql681:l563:: ::1:1:~111:::' ::$fHllSS6115911:: ::::.::::: ~ :~: .:::~:8j4o/ti.
:;.;::-:-:-::;.;::-:.;.:-:-:-;.:-:.:-:-:.;.:.;.;.;.:-;.7.;.;.;.;.;.;.;.;.:-:-:.;.;.;.;.;.;.:-:-:.;.;.;.;.:-..:.;':-:-;-;':-:';<':';';';':':';';'..;.:.:.:.:.;.;.;.;.;.;.;.;.:-:-:-:-:...;.;.;.;.;.;.;-;.;.:.;.;.;.:.;.;.;.;.:.;.;...;.;.;.;.;.;.;.:.;.;.:.;.:-:.;.;. .......................
MONTHLY FINANCIAL REPORT - MARCH 2006
TOTAL PERCENT
FY 2006 THROUGH THROUGH INCREASE INCREASE
BUDGET 3/31/2006 3/31/2005 (DECREASE) (DECREASE)
% OF CURRENT TAX ROLL COLLECTED 99.0% 96.06% 95.88% 0.18% 0.19%
RESIDENTIAL SLDG PERMITS 229 146 127 19 14.96%
COMMERCIAL BLDG PERMITS 10 9 6 3 50.00%
PLUMBING PERMITS 900 773 704 69 9.80%
ELECTRICAL PERMITS 400 337 298 39 13.09%
CITATIONS ISSUED 8,400 4,042 3,137 905 28.85%
CITATIONS APPEALED 390 151 165 (14) -8.48%
i~~~~li~~~il~j~il!iililliliiiiiiiiiiiiiliiilliiliill~liiiiiiiiililill.iiiiiiil.iIW,liiiiiillliiiiil
City Manager $631,924 $356,673 $356,930 56.4%
Building Inspection 311,744 146,330 146,373 46.9%
Economic Development 166,280 82,682 82,667 49.7%
City Council and Secretary 508,295 129,062 130,703 25.4%
Finance 482,769 224,741 225,321 46.6%
Legal 103,323 34,715 34,812 33.6%
Library 505,819 248,652 248,279 49.2%
Engineering 475,021 233,339 232,733 49.1 %
Community Development 261,357 132,773 133,313 50.8%
Fire 3,352,077 1,693,738 1,695,695 50.5%
Police 3,202,334 1,676,386 1,688,116 52.3%
Parks 1,175,444 451,655 464,729 38.4%
Streets & Drainage 1,606,457 624,526 637,208 38.9%
Recreation 289,046 132,336 125,432 45.8%
Communications 144,709 77,578 78,151 53.6%
Colleyville Center 343,276 152,282 153,198 44.4%
Municipal Court 243,630 120,200 119,173 49.3%
Fleet Maintenance 187,188 92,152 93,061 49.2%
Building Services 247,898 80,078 91,834 32.3%
Information Services 169,848 83,861 83,280 49.4%
Capital Equipment Reserve 155,840 0 0 0.0%
Performance Pay.. . ...... . . . . . . . . . . . . . . . . . . . . . .371,863 ....... ... ...0. .......o..............~:~!c>
:lH?T.#:~~~~~~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::~~~l~~;:~f:?:: ::::::::::::~;Jt~~1~:: ::::::::::::~ffl;~*:iiP~~:: ::::::::::::::::::::::::::::#~~1%
$275,251
165,414
83,598
379,233
258,028
68,608
257,167
241,682
128,584
1,658,339
1,525,948
723,789
981,931
156,710
67,131
190,994
123,430
95,036
167,820
85,987
155,840
371,863
::::::::::::~tl~~#;:~~9:::
MONTHLY FINANCIAL REPORT - MARCH 2006
.............. .
!i~~i!iWi'iliiii!iiliiiiii!!I!!iliili!i!!!!i!i!i!!II!i!ii!!ill~'Jil!l!iilllili,'rlliiii!I'I:lil!~~I!liil!!'li!i'I~I~,~iiiji!iii!!li!ilill'~!I!i:ii
Water Sales $6,967,199 $3,581,673 $2,267,788 $2,083,401 71.91 %
Sewer Sales 2,111,144 942,305 1,055,572 1,019,438 -7.57%
Sewer Installation 16,000 21,900 8,000 16,400 33.54%
Water Installation 44,800 34,490 22,400 29,090 18.56%
Sewer Tie-on Charges 10,000 5,571 5,000 5,240 6.32%
Engineering Charges 35,000 19,013 17,500 16,136 17.83%
Penalties 181,567 85,730 90,784 68,514 25.13%
Miscellaneous 9,300 4,138 4,650 6,908 -40.10%
:m9t.A~:qR~RATI~q:iNpQM~::::::::~::~ :::::::: :::::~ :::::~::::: :~$.;:3.!~l~Hp.:: ::::: ~ ::::: :~;$.9.1l~~o.:: ::::::::::: :~3.l~7:~:l~~~:: ::::::::: :::::::~ $~~~~~).~~!: :: :::::: ::::::::::::#:o~ir<i:
Interest Income
$285,000
$131,232
$130,000
$53,932
143.33%
:tql#:@~qWgfi{~T,~&::j~qpM$.:::::::::::::::::::~~:~::::::~~~~l.~q9:: ::~:~::::~::~:~:~1:~~lg~i: ~~:~:::::~:::~::~i:3,qif:,i@:: ::::::::::::::::~::::::~~~.~~~: :::::::::::::::::)~3,l~~%:
:mqt.A.~:~~qqMg::::::::::::::::::~:::::: :~: :::~::::::::: :::::::~ :::::::::: ~~:::::~~;~@lp1P.:: ::~:~~:::: ~:~l~~lp~:: ::~::: ~ ::::~;~~tl~~~:: ::: :::~: ~::~:::::~~j~~~~~~~~ .:~:::::~~~:~~::~:: ::1~l~~rd.:
TOTAL PERCENT
THROUGH THROUGH INCREASE INCREASE
3/31/2006 3/31/2005 (DECREASE) (DECREASE)
GALLONS OF WATER SOLD 1,124,464,700 675,513,800 448,950,900 66.46%
NUMBER OF WATER CUSTOMERS 8,390 8,164 226 2.77%
!~~~'II~~~~~~~li!!!i!!!i!iii!liil!!llii!!i!i!i!i!i!i!i!11!lil!!!!i!ili!!II!i!i!i!~I'I~!!~I'i~~li!i!i!I';I!;;I
Administration
Billing
Operations
Debt Service
Merit Adjustment
Transfer to General Fund
$195,692
280,775
6,540,854
1.356,738
67,975
491,025
$101,923
119,891
2,990,112
963,425
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$101,576
120,800
2,943,384
963,425
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52.1%
42.7%
45.7%
71.0%
0.0%
0.0%
$93,769
160,884
3,550,742
393,313
67,975
491,025
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PRE COUNCIL CC~~~n@ AGENDA BRIEFING
I<.>X:\$
REPORT: I
NIA
MEETING DATE: I 04/18/06
;
ITEM #: I PC-4 DEPARTMENT HEA I
! j
Previous Action: None
DEPARTMENT: FINANCE
SUBJECT: Presentation of the Quarterly Investment Report
During the period January 1, 2006 through March 31, 2006, the City of Colleyville had an
average of $34,450,674 invested on a daily basis, which earned $333,760 with an average
yield of 3.93%. The average yield on investments for this quarter is up .53% from prior
quarter's average yield of 3.40%. The City had 99.7% of idle funds invested daily and the
amount held in the depository account earned interest at an average of 2.75%.
As of March 31, 2006, the City had $35,215,382 invested in the LOGIC Investment Pool and
various debt instruments in the following percentages:
Treasury Notes
LOGIC Investment Pool
FHLB Notes
FNMA Notes
FHLMC Discount Note
FHLMC Note
FHLB Bond
FNMA Discount Notes
Treasury Bill
29.42%
27.11 %
17.07%
11.77%
3.76%
3.69%
3.12%
2.63%
1.42%
These percentages are within the guidelines for portfolio diversification in the City's investment
policy. The market value of the City's investments including accrued interest at March 31,
2006, was $25,508,406 as compared to a purchase price of $25,390,369 (this excludes LOGIC
Investment Pool).
The Colleyville Economic Development Corporation currently holds a Treasury Note
($525,000) with a market value including accrued interest of $519,505. Additionally,
$1,444,484 was invested in the Corporation's name in the LOGIC Investment Pool. These
funds earned interest of $20,129 for the quarter.
Attached is the allocation of the City's investments and LOGIC Investment Pool by fund and
investments held during the quarter and quarterly interest earnings by investment. Also
incorporated in the quarterly investment is information compiled by the LOGIC Investment Pool
to meet investment legislation requirements.
Attachment
. Quarterly Investment Report
QUARTERLY INVESTMENT REPORT
OUTSTANDING INVESTMENTS AT MARCH 31, 2006
PURCHASE PAR MARKET VALUE MATURITY YIELD ON
PRICE VALUE @3/31106 DATE INVESTMENT
FNMA DISCOUNT $896,492 $925,000 $921,948 412812006 3.633%
TREASURY NOTE $1,172,000 $1,172,000 $1,169,715 4/3012006 2.249%
FHLB BOND $1,108,103 $1,100,000 $1,102,068 5/512006 2.560%
TREASURY NOTE $987,400 $1,000,000 $996,910 511512006 3.302%
FHLB NOTE $1,091,738 $1,100,000 $1,096,909 5/22/2006 3.750%
FNMA NOTE $898,166 $885,000 $899,483 6/1512006 3.721%
FHLB NOTE $889,065 $900,000 $894,654 6/1612006 4.611%
FNMA NOTE $1,251,674 $1,260,000 $1,260,134 712112006 4.060%
FNMA NOTE $1,100,688 $1,100,000 $1,098,662 712812006 2.885%
TREASURY NOTE $1,190,438 $1,200,000 $1,197,356 7/3112006 3.405%
FHLB NOTE $1,449,346 $1,470,000 $1,460,187 811512006 3,950%
FHLB NOTE $500,000 $500,000 $497,538 8/3012006 3.092%
TREASURY BILL $500,229 $510,000 $500,336 8/3112006 4.660%
TREASURY NOTE $1,430,704 $1,450,000 $1,453,227 8/3112006 3.790%
FHLMC NOTE $1,299,594 $1,300,000 $1,303,656 9/1512006 3.646%
TREASURY NOTE $1,182,938 $1,200,000 $1,187,016 10/31/2006 3.485%
FHLMC DISCOUNT $1,265,918 $1,325,000 $1,285,250 11/1412006 4.626%
FHLB NOTE $1,130,450 $1,140,000 $1,129,318 12/22/2006 4.650%
TREASURY NOTE $1,231,250 $1,250,000 $1,232,863 12/3112006 4.330%
FNMA NOTE $877,913 $900,000 $879,192 2/1512007 4.920%
TREASURY NOTE $1,169,607 $1,185,000 $1,172,131 2/2812007 4.720%
TREASURY NOTE $1,091,922 $1,100,000 $1,097,945 3/3112007 4.361%
TREASURY NOTE $791,375 $800,000 $791,312 3/3112007 4.868%
FHLB NOTE $883,359 $900,000 $880,596 5/1512007 4.573%
TOTAL OUTSTANDING INVESTMENTS $25,390,369 $25,672,000 $25,508,406
CITY OF COLLEYVILLE BALANCES AT MARCH 31, 2006
INVESTMENT PURCHASES
LOGIC INVESTMENT POOL
$25,672,000
$9,543,382
TOTAL CITY INVESTMENTS HELD AT MARCH 31, 2006
$35,215,382
COLLEYVlLLE ECONOMIC DEVELOPMENT CORPORATION BALANCES AT MARCH 31, 2006
INVESTMENT PURCHASES
LOGIC INVESTMENT POOL (OPERATING: $895,706.13 /2005 BOND FUND: $548,778.30)
$519,176
$1,444,484
TOTAL CEDC INVESTMENTS HELD AT MARCH 31, 2006
$1,963,660
OT AL INVESTMENTS HELD BY CITY OF COLLEYVILLE
AND COLLEYVILLE ECONOMIC DEVELOPMENT CORP AT MARCH 31, 2006
$37,179,042
INTEREST EARNINGS ON CITY OF COllEYVlllE INVESTMENTS JANUARY 1 - MARCH 31,2006
PURCHASE PAR MATURITY YIELD ON INTEREST
PRICE VALUE DATE INVESTMENT EARNED
FNMA NOTE $842,716 $850,000 1/1512006 3.376% $1,101
FNMA NOTE $827,360 $800,000 2/1512006 2.725% $2,688
TREASURY NOTE $1,163,210 $1,172,000 2128/2006 2.136% $3,978
TREASURY NOTE $980,938 $1,000,000 3/31/2006 3.456% $8,427
FNMA DISCOUNT $896,492 $925,000 4/2812006 3.633% $8,286
TREASURY NOTE $1,172,000 $1,172,000 4/30/2006 2.249% $8,499
TREASURY NOTE $987,400 $1,000,000 5/15/2006 3.302% $8,142
FHlB BOND $1,108,103 $1,100,000 515/2006 2.560% $6,944
FHlB NOTE $1,091,738 $1,100,000 5/22/2006 3.750% $10,171
FNMA NOTE $898,166 $885,000 6/1512006 3.721% $8,120
FHlB NOTE $889,065 $900,000 6/16/2006 4.611% $10,233
FNMA NOTE $1,251,674 $1,260,000 7/21/2006 4.060% $12,614
FNMA NOTE $1,100,688 $1,100,000 7/28/2006 2.685% $7,825
TREASURY NOTE $1,190,438 $1,200,000 7/31/2006 3.405% $10,075
FHlB NOTE $1,449,346 $1,470,000 8/1512006 3.950% $14,317
FHlB NOTE $500,000 $500,000 8/30/2006 3.092% $3,812
TREASURY Bill $500,229 $510,000 8/31/2006 4.660% $85
TREASURY NOTE $1,430,704 $1,450,000 8/31/2006 3.790% $13,551
FHlMC NOTE $1,299,594 $1,300,000 9/1512006 3.646% $11,687
TREASURY NOTE $1,182,938 $1,200,000 10131/2006 3.485% $10,312
FHlMC DISCOUNT $1,265,918 $1,325,000 11/14/2006 4.626% $15,114
FHlB NOTE $1,130,450 $1,140,000 12/22/2006 4.650% $13,071
TREASURY NOTE $1,231,250 $1,250,000 12/31/2006 4.330% $13,346
FNMA NOTE $877,913 $900,000 2115/2007 4.920% $5,338
TREASURY NOTE $1,169,607 $1,185,000 2128/2007 4.720% $4,444
TREASURY NOTE $1,091,922 $1,100,000 3/31/2007 4.361% $11,434
TREASURY NOTE $791,375 $800,000 3/31/2007 4.868% $107
FHlB NOTE $883,359 $900,000 5115/2007 4.573% $8,344
TOTAl INTEREST EARNED ON CITY INVESTMENTS HELD 1-1-06 THROUGH 3-31-06 $230,043
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LISTING OF INVESTMENTS
BY GENERAL LEDGER
ACCOUNT NUMBER
OUTSTANDING INVESTMENTS AT 3-31-06
001-1172 GENERAl FUND OPERATING $6,624,106.55
002-1166 UTILITY DEBT SERVICE RESERVE $869,822.82
002-1169 98 REVENUE BONDS $590,397.69
002-1172 UTILITY FUND OPERATING $6,880,911.10
002-1174 WATER IMPACT FEE $1,747,640.67
002-1178 CUSTOMER DEPOSITS $362,552.29
003-1173 SERVICE AREA I - IMP FEES $1,482,607.49
003-1180 BEDFORD BRIDGE ESCROW $31,684.06
003-1182 PLEASANT RUN LAUREL OAKS $53,869.63
003-1188 TOWN CENTERlHWY26 $33,127.53
003-1192 MCDONWELL WOODS EST ESCROW $9,298.50
003-1200 LONGWOOD-PARKING ESCROW $12,275.16
003-1203 SERVICE AREA II - IMP FEES $270,096.85
003-1204 BEDFORD lAKES/SOMERSET $209,153.00
003-1209 PECAN PARK II DRAINAGE ESCROW $3,300.77
003-1212 GlADE RDIPLEAS RUN CHURCH ESCROW $29,703.13
003-1216 BOGARTIHIDDEN OAKS/SANDLIN $248,516.50
003-1217 CHURCH STREET CULVERT ESCROW $7,945.58
003-1228 PLEASANTRUNHARDAGEESTATES~SC $41,258.85
003-1229 GlADE RD SUMMERBROOK $53,234.05
003-1231 lAKEWOOD ESCROW $23,292.37
003-1236 E. GlADE CRANBROOK ESCROW $108,067.23
003-1237 E. GlADE ASHMORE I ESCROW $48,197.87
003-1239 GlADE POINTS LANDSCAPE ESCROW $4,229.04
003-1247 GlADElWAYSIDE ESCROW $38,917.17
003-1250 REATTA PLACE $89,791.55
003-1257 ASHMORE II A GLADE RD ESCROW $25,777.21
003-1268 MILL CREEK! GlADE ESCROW $28,044.13
003-1271 ASHMORE III/ GlADE ESCROW $59,417.76
003-1278 GlADE RD/ASHMORE liB ESCROW $33,018.41
003-1301 lAKEWOOD PH IV $71,822.77
003-1304 VILLAS DEL MAR $55,012.07
003-1307 SPRING GARDEN $86,966.08
003-1313 APPLEBEE'S $41,749.43
003-1319 REMINGTON PARK $152,269.63
003-1323 SHALlMAR $66,353.08
003-1325 PECAN GARDENS $28,189.15
003-1330 REMINGTON PARK $70,556.13
003-1357 CITGOILD LOCKETT $53,978.88
003-1360 REMINGTON PARK PH III $74,844.43
003-1404 TANGLEWOOD $24,810.36
003-1418 CLAIRMONT-PH II $136,224.52
003-1421 OLD GROVE TRAIL $66,576.68
004-1172 DEBT SERVICE FUND $526,755.47
005-1172 VOLUNTARY PARK FUND $715,101.25
011-1172 LIBRARY DONATIONS FUND $323,318.34
012-1172 PARK LAND DEDICATION FUND $2,022,538.90
017-1136 95 BONDS-DRAINAGE $177,095.87
017-1172 DRAINAGE FUND OPERATING $464,827.94
024-1172 CEDC OPERATING $519,175.78
026-1172 TIF OPERATING $202,332.40
PER GENERAL LEDGER $25,900,754.14
PURCHASE PRICE $25,909,544.24
VAlUE AT MATURITY $26,197,000.00
INTEREST RECENED AT MATURITY $1,117,941.89
OVTST ANDING INVESTMENTS AT 3-31-06
INVESTMENT FNMA FHLB TREASURY FHLB FHLMC
NOTE BOND NOTE NOTE NOTE
DATE ACQUIRED 06-Aug-04 13-Aug-04 31-Aug-04 3o-Nov-04 15-Apr-05
MA TURrTY DATE 28-Jul-06 05-May-06 3G-Apr-06 3G-Aug-06 15-Sep-06
26 WEEK T -BILL AUCTION DISCOUNTIWEEK OF PURCHASE 1.735% 1.665% 1.750% 2.365% 2.710%
YIELD TO MATURITY 2.885% 2.560% 2.249% 3.092% 3.646%
ACCOUNT ALLOCATION OF INVESTMENT
001-1172 GENERAL FUND OPERATING 1,100.000.00 734.572.67 150.000.00
002-1166 UTILITY DEBT SERVICE RESERVE 14.289.83
002-1169 98 REVENUE BONDS
002-1172 UTILITY FUND OPERATING 170.060.96 28.713.27 250,000.00 266,178.11
002-1174 WATER IMPACT FEE 392,707.15 285,000.00
002-1178 CUSTOMER DEPOSITS 27,n3.12
003-1173 SERVICE AREA I - IMP FEES 537,231,89 270,202.61
003-1180 BEDFORD BRIDGE ESCROW
003-1182 PLEASANT RUN LAUREL OAKS
003-1188 TOWN CENTERlHWY26
003-1192 MCDONWELL WOODS EST ESCROW
003-1200 LONGWooD-PARKING ESCROW 12,275.16
003-1203 SERVICE AREA 11- IMP FEES
003-1204 BEDFORD LAKES/SOMERSET 209,153.00
003-1209 PECAN PARK II DRAINAGE ESCROW 3,300.71
003-1212 GLADE ROJPLEAS RUN CHURCH ESCROW
003-1216 BOGARTIHIDDEN OAKS/SANDLIN. 248,516.50
003-1217 CHURCH STREET CULVERT ESCROW 7,945.58
003-1228 PLEASANT RUN HARDAGE EST A TESJESC
003-1229 GLADE RD SUMMERBROOK
003-1231 LAKEWOOD ESCROW
003-1236 E. GLADE CRANBROOK ESCROW 108,067.23
003-1237 E. GLADE ASHMORE I ESCROW 48,197.87
003-1239 GLADE POINTS LANDSCAPE ESCROW
003-1247 GLADElWAYSIDE ESCROW 38,917.17
003-1250 REATTAPLACE
003-1257 ASHMORE II A GLADE RD ESCROW 25,777.21
003-1268 MILL CREEK! GLADE ESCROW 28,044.13
003-1271 ASHMORE 1111 GLADE ESCROW
003-1278 GLADE RDIASHMORE liB ESCROW 33,018.41
003-1301 LAKEWOOD PH IV
003-1304 VILlAS DEL MAR
003-1307 SPRING GARDEN
003-1313 APPLEBEE'S
003-1319 REMINGTON PARK
003-1323 SHALIMAR
003-1325 PECAN GARDENS
003-1330 REMINGTON PARK
003-1357 CITGOILD LOCKETT
003-1360 REMINGTON PARK PH III
003-1404 TANGLEWOOD
003-1418 CLAIRMONT-PH II
003-1421 OLD GROVE TRAIL
004-1172 DEBT SERVICE FUND
005-1172 VOLUNTARY PARK FUND
011-1172 LIBRARY DONATIONS FUND
012-1172 PARK LAND DEDICATION FUND 81,651.11
017-1136 95 BONDS-DRAINAGE
017-1172 DRAINAGE FUND OPERATING 100,000.00
024-1172 CEDe OPERATING
026-1172 TlF OPERATING
PER GENERAL LEDGER $1,100,000.00 $1,100,000.00 $1,172,000.00 $500,000.00 $1,299,593.75
PURCHASE PRICE $1,100,687.50 $1,108,102.60 $1,172,000.00 $500,000.00 $1,299,593.75
VALUE AT MATURITY $1,100,000.00 $1,100,000.00 $1,172,000.00 $500,000.00 $1,300,000.00
INTEREST RECEIVED AT MATURITY $65,768.89 $60,058.35 $43,950.00 $27,037.50 $66,512.15
--.-----
OUTSTANDING INVESTMENTS AT 3-31-06
INVESTMENT TREASURY TREASURY TREASURY FNMA FNMA
NOTE NOTE NOTE NOTE DISCOUNT
DATE ACQUIRED JO..Apr-05 30-Apr-05 17-May-05 15-Jun-05 15-Jun-05
MATURITY DATE 31-Ju~06 31-Qct-06 15-May-06 15-Jun-06 28-Apr-06
26 WEEK T -BILL AUCTION DISCOUNTIWEEK OF PURCHASE 2.880% 2.880% 2.850% 3.060% 3.060%
YIELD TO MAnJRITY 3.405% 3.485% 3.302% 3.721% 3.633%
ACCOUNT ALLOCATION OF INVESTMENT
001-1172 GENERAL FUND OPERATING 987,400.00
002-1166 UTILITY DEBT SERVICE RESERVE 310,272.03
002-1169 98 REVENUE BONDS
002-1172 UTILITY FUND OPERATING 797,070.09 434.980.76 196.401.30 896,492.01
002-1174 WATER IMPACT FEE 202,209.61
002-1178 CUSTOMER DEPOSITS
003-1173 SERVICE AREA I-IMP FEES 189.283.21
003-1180 BEDFORD BRIDGE ESCROW
003-1182 PLEASANT RUN LAUREL OAKS
003-1188 TOWN CENTERlHWY26
003-1192 MCDONWELL WOODS EST ESCROW
003-1200 LONGWOOo-PARKING ESCROW
003-1203 SERVICE AREA 11- IMP FEES
003-1204 BEDFORDLAKE~SOMERSET
003-1209 PECAN PARK II DRAINAGE ESCROW
003-1212 GlADE RDIPLEAS RUN CHURCH ESCROW
003-1216 BOGARTIHIDDEN OAK~SANDLIN
003-1217 CHURCH STREET CULVERT ESCROW
003-1228 PLEASANT RUN HARDAGE EST A TESJESC
003-1229 GlADE RD SUMMERBROOK
003-1231 LAKEWOOD ESCROW
003-1236 E. GlADE CRANBROOK ESCROW
003-1237 E. GlADE ASHMORE I ESCROW
003-1239 GLADE POINTS LANDSCAPE ESCROW
003-1247 GlADEiWA YSIDE ESCROW
003-1250 REATTA PLACE
003-1257 ASHMORE II A GlADE RD ESCROW
003-1268 MILL CREEK! GlADE ESCROW
003-1271 ASHMORE IIV GLADE ESCROW
003-1278 GlADE RD/ASHMORE liB ESCROW
003-1301 LAKEWOOD PH IV
003-1304 VILLAS DEL MAR
003-1307 SPRING GARDEN
003-1313 APPLEBEE'S
003-1319 REMINGTON PARK
003-1323 SHALIMAR
003-1325 PECAN GARDENS
003-1330 REMINGTON PARK
003-1357 CITGOILD LOCKETT
003-1360 REMINGTON PARK PH III
003-1404 TANGLEWOOD
003-1418 CLAIRMONT -PH II
003-1421 OLD GROVE TRAIL
004-1172 DEBT SERVICE FUND 216.271.54
005-1172 VOLUNTARY PARK FUND
011-1172 LIBRARY DONATIONS FUND
012-1172 PARK LAND DEDICATION FUND 747,956.74
017-1136 95 BONDS-DRAINAGE 177,095.87
017-1172 DRAINAGE FUND OPERATING
024-1172 CEDC OPERATING
026-1172 TlF OPERATING
PER GENERAL LEDGER $1,190,437.50 $1,182,937.50 $987.400.00 $898,166.15 $896.492.01
PURCHASE PRICE $1,190.437.50 $1,182,937.50 $987,400.00 $898,166.15 $896.492.01
VALUEATMAruRITY $1.200.000.00 $1.200.000.00 $1.000,000.00 $885,000.00 $925.000.00
INTEREST RECEIVED AT MA nJRITY $47.062.00 $61.899.46 $32.436.96 $33,296.35 $28.507.99
. -_.^--,,,,,",",,,,,,",,-","~-""~. ." '<"~'~_,",,",,~'__'____i.._..,.,_
OUTSTANDING INVESTMENTS AT 3-31-06
INVESTMENT FHLB TREASURY FHLB FHLB TREASURY
NOTE NOTE NOTE NOTE NOTE
DATE ACQUIRED 06-Jul-05 12-Sep-05 15-Sep-05 21-Sep-05 31-Oct-Q5
MATURITY DATE 22-May-06 31-Aug-06 15-Aug-06 21-Jut-06 31-Oec-06
26 WEEK T-BILL AUCTION DISCOUNTIWEEK OF PURCHASE 3.325% 3.570% 3.670% 3.670% 4.065%
YIELD TO MATURITY 3.750% 3.790% 3.950% 4.060% 4.330%
ACCOUNT ALLOCATION OF INVESTMENT
001-1172 GENERAL FUND OPERATING 1,091,739.00 121,579.52 181,886.49
002-1166 UTILITY DEBT SERVICE RESERVE 341,284.65 35,922.01
002-1169 98 REVENUE BONDS 590,397.69
002-1172 UTILITY FUND OPERATING 759,781.86 375,508.33 586,997.05
002-1174 WATER IMPACT FEE 598,655.43 239,996.83
002-1178 CUSTOMER DEPOSITS 241,651.08 46,089.99
003-1173 SERVICE AREA 1- IMP FEES 59,571.36 5,601.63
003-1180 BEDFORD BRIDGE ESCROW
003-1182 PLEASANT RUN LAUREL OAKS 53,869.63
003-1188 TOWN CENTERlHWY26
003-1192 MCDONWELL WOODS EST ESCROW 9,298.50
003-1200 LONGWooD-PARKING ESCROW
003-1203 SERVICE AREA 11- IMP FEES
003-1204 BEDFORD LAKES/SOMERSET
003-1209 PECAN PARK II DRAINAGE ESCROW
003-1212 GlADE RDIPLEAS RUN CHURCH ESCROW
003-1216 BOGARTIHIDDEN OAKS/SANDLIN
003-1217 CHURCH STREET CULVERT ESCROW
003-1228 PLEASANT RUN HARDAGE ESTATESIESC
003-1229 GLADE RD SUMMERBRooK
003-1231 LAKEWOOD ESCROW
003-1236 E. GlADE CRANBROOK ESCROW
003-1237 E, GlADE ASHMORE I ESCROW
003-1239 GLADE POINTS lANDSCAPE ESCROW
003-1247 GlADElWAYSIDE ESCROW
003-1250 REATTA PLACE
003-1257 ASHMORE II A GlADE RD ESCROW
003-1268 MILL CREEK! GlADE ESCROW
003-1271 ASHMORE IIV GlADE ESCROW
003-1278 GLADE RD/ASHMORE liB ESCROW
003-1301 LAKEWOOD PH IV 71,822.77
003-1304 VILLAS DEL MAR
003-1307 SPRING GARDEN 86,966,08
003-1313 APPLEBEE'S 41,749.43
003-1319 REMINGTON PARK
003-1323 SHALIMAR 66,353.08
003-1325 PECAN GARDENS 28,189.15
003-1330 REMINGTON PARK 70,556.13
003-1357 CITGOILD LOCKETT
003-1360 REMINGTON PARK PH III
003-1404 TANGLEWOOD
003-1418 CLAIRMONT -PH II 136,224.52
003-1421 OLD GROVE TRAIL
004-1172 DEBT SERVICE FUND
005-1172 VOLUNTARY PARK FUND 62,053.31
011-1172 LIBRARY DONATIONS FUND 39,783.08 103,562.95
012-1172 PARK lAND DEDICA TlON FUND 46,840.20 175,065.43 16,291.80
017-1136 95 BONDS-DRAINAGE
017-1172 DRAINAGE FUND OPERATING 40,171.94 129,252.70
024-1172 CEDC OPERATING
026-1172 TIF OPERATING
PER GENERAL LEDGER $1,091,739.00 $1,430,704.20 $1,449,346.50 $1,251,673.92 $1.231,250.00
PURCHASE PRICE $1,091,739,00 $1.430,704.20 $1,449,346.50 $1,251,673.92 $1,231,250.00
VALUE AT MATURITY $1,100,000.00 $1,450,000.00 $1,470,000.00 $1,260,000.00 $1,250,000.00
INTEREST RECEIVED AT MATURITY $36,019.71 $52,591.73 $52,656.62 $42,451.08 $62,466.03
~"'----'~. ." --""""-~--
OUTSTANDING INVESTMENTS AT 3-31-06
INVESTMENT FHLMC FHLB FHLB TREASURY TREASURY
DISCOl,INT NOTE NOTE NOTE NOTE
DATE ACQUIRED 15-Nov-05 1S-Dee-05 16-Dec-05 03-Jan-06 OJ-Jan-06
MATURITY DATE 14-Nov-06 22-0ec-06 16-Jun-06 31-Mar-07 28-Feb-07
26 WEEK T-BILL AUCTION DISCOUNTIWEEK OF PURCHASE 4.195% 4.180% 4.180% 4.200% 4.200%
YIELD TO MATURITY 4.626% 4.650% 4.611% 4.361% 4.367%
ACCOUNT ALLOCATION OF INVESTMENT
001-1172 GENERAL FUND OPERATING 244,626.60 72,556.09 583,823.01
002-1166 UTILITY DEBT SERVICE RESERVE 138,196.95 29,857.35
002-1169 98 REVENUE BONDS
002-1172 UTILITY FUND OPERATING 55,434.31 218,411.15 343,039.55 402,244.94
002-1174 WATER IMPACT FEE 29,071.65
002-1178 CUSTOMER DEPOSITS 47,038.10
003-1173 SERVICE AREA I- IMP FEES 45,214.61 38,499.47
003-1180 BEDFORD BRIDGE ESCROW 31,684.08
003-1182 PLEASANT RUN LAUREL OAKS
003-1188 TOWN CENTERlHWY26
003-1192 MCDONWELL WOODS EST ESCROW
003-1200 LONGWOOD-PARKING ESCROW
003-1203 SERVICE AREA II - IMP FEES 105,853.93
003-1204 BEDFORD LAKES/SOMERSET
003-1209 PECAN PARK II DRAINAGE ESCROW
003-1212 GlADE RD/PLEAS RUN CHURCH ESCROW 29,703.13
003-1216 BOGARTIHIDDEN OAKS/SANDLIN
003-1217 CHURCH STREET CULVERT ESCROW
003-1228 PLEASANT RUN HARDAGE EST A TES/ESC 41,258.85
003-1229 GlADE RD SUMMERBROOK 53,234.05
003-1231 LAKEWooD ESCROW 23,292.37
003-1236 E. GlADE CRANBROOK ESCROW
003-1237 E. GlADE ASHMORE I ESCROW
003-1239 GlADE POINTS LANDSCAPE ESCROW 4,229.04
003-1247 GlADEiWAYSIDE ESCROW
003-1250 REATTA PLACE
003-1257 ASHMORE II A GLADE RD ESCROW
003-1268 MILL CREEK! GLADE ESCROW
003-1271 ASHMORE 1111 GlADE ESCROW 59,417.76
003-1278 GlADE RDIASHMORE liB ESCROW
003-1301 LAKEWooD PH IV
003-1304 VILLAS DEL MAR
003-1307 SPRING GARDEN
003-1313 APPLEBEE'S
003-1319 REMINGTON PARK 152,269.63
003-1323 SHALIMAR
003-1325 PECAN GARDENS
003-1330 REMINGTON PARK
003-1357 CITGOILD LOCKETT
003-1360 REMINGTON PARK PH III
003-1404 TANGLEWOOD
003-1418 CLAIRMONT-PH II
003-1421 OLD GROVE TRAIL
()O4..1172 DEBT SERVICE FUND 310.483.93
00S-1172 VOLUNTARY PARK FUND 153,228.79 72,095.51 286,376.56
011-1172 LIBRARY DONATIONS FUND 10,623.68 40,641.22 26.368.60
012-1172 PARK LAND DEDICATION FUND 363,657.85 208,774.20 56,223.01
017-1136 95 BONDS-DRAINAGE
017-1172 DRAINAGE FUND OPERATING 99,925.38
024-1172 CEDC OPERATING 519,175.78
026-1172 TlF OPERATING
PER GENERAL LEDGER $1.265,918.25 $1,130,450.22 $889,065.00 $1.091,921.88 $519,175.78
PURCHASE PRICE $1,265,918.25 $1,130,450.22 $889,065.00 $1,091,921.88 $519,175.78
VALUE AT MATURITY 1,325.000.00 $1,140,000.00 $900,000.00 $1,100,000.00 $525,000.00
INTEREST RECEIVED AT MATURITY $59,081.75 $53,712.11 $20,497.50 $59.187.32 $11,518.37
""."........._._-'~..".- -,~"-._................----...."".._-"~ - .
Ol,lTST ANDING INVESTMENTS AT 3-31-06
INVESTMENT FHLB FNMA TREASI,JRY TREASI,JRY TREASI,JRY
NOTE NOTE NOTE NOTE BILL
DATE ACQUIRED 17-Jan-06 15-Feb-06 28-Feb-06 31-Mar~06 31.Mar-06
MA TURllY DATE 15-May-n7 1S-Feb-07 28-Feb-07 31-Mar-07 31-Aug-06
2G WEEK T -BILL AUCTION D1SCOUNTIWEEK OF PURCHASE 4.250% 4.500% 4.545% 4.600% 4.600%
YIELD TO MATURllY 4.573% 4.920% 4.720% 4.868% 4.660%
ACCOUNT ALLOCATION OF INVESTMENT
001-1172 GENERAL FUND OPERATING 64,319.49 791,375.00 500,228.68
002-1166 I,JTILllY DEBT SERVICE RESERVE
002-1169 98 REVENUE BONDS
002-1172 UTILITY FUND OPERATING 320,974.43 92,142.17 686,480.81
002-1174 WATER IMPACT FEE
002-1178 CUSTOMER DEPOSITS
003-1173 SERVICE AREA 1- IMP FEES 151,000.85 186,001.86
003-1180 BEDFORD BRIDGE ESCROW
003-1182 PLEASANT RUN LAUREL OAKS
003-1188 TOWN CENTERlHWY2G 33,127.53
003-1192 MCDONWELLWOODSESTESCROW
003-1200 LONGWOOD-PARKING ESCROW
003-1203 SERVICE AREA II -IMP FEES 164,242.92
003-1204 BEDFORDLAKE~SOMERSET
003-1209 PECAN PARK II DRAINAGE ESCROW
003-1212 GlADE RDIPLEAS RUN CHURCH ESCROW
003-1216 BOGART/HIDDEN OAKS/SANDLIN
003-1217 CHURCH STREET CULVERT ESCROW
003-1228 PLEASANT RUN HARDAGE EST A TESlESC
003-1229 GLADE RD SUMMERBROOK
003-1231 LAKEWOOD ESCROW
003-1236 E. GLADE CRANBROOK ESCROW
003-1237 E. GLADE ASHMORE I ESCROW
003-1239 GLADE POINTS LANDSCAPE ESCROW
003-1247 GLADElWAYSIDE ESCROW
003-1250 REATTA PLACE 89,791,55
003-1257 ASHMORE II A GLADE RD ESCROW
003-1268 MILL CREEK! GLADE ESCROW
003-1271 ASHMORE IIV GLADE ESCROW
003-1278 GLADE RD/ASHMORE liB ESCROW
003-1301 LAKEWOOO PH IV
003-1304 VILLAS DEL MAR 55,012.07
003-1307 SPRING GARDEN
003-1313 APPLEBEE'S
003-1319 REMINGTON PARK
003-1323 SHALIMAR
003-1325 PECAN GARDENS
003-1330 REMINGTON PARK
003-1357 CITGOILD LOCKETT 53,978.88
003-1360 REMINGTON PARK PH III 74,844.43
003-1404 TANGLEWOOD 24,810.36
003-1418 CLAIRMONT-PH II
003-1421 OLD GROVE TRAIL 66,576.68
004-1172 DEBT SERVICE FUND
00S-1172 VOLUNTARY PARK FUND 141,347.08
011-1172 LIBRARY DONATIONS FUND 102,338.81
012-1172 PARK LAND DEDICATION FUND 32G,078.56
017-1136 95 BONDS-DRAINAGE
017-1172 DRAINAGE FI,JND OPERATING 65,005.63 30,472.29
024-1172 CEDC OPERATING
026-1172 TIF OPERATING 202,332.40
PERGENERALLlEDGER $883,358.85 $877,913.10 $1,169,606.85 $791,375.00 $500,228.68
PURCHASE PRICE $883,358.85 $877,913.10 $1,169,606.85 $791,375.00 $500,228.68
VALUE AT MATURllY $900,000.00 $900,000.00 $1,185,000.00 $800,000.00 $510,000.00
INTEREST RECEIVED AT MATURITY $53,984.90 $43,461.90 $55,386.90 $38,625.00 $9,771.32
.....__.~ -,~""""'.,,~'",-
LOGIC INVESTMENT POOL ALLOCATION
AND GENERAL INFORMATION
LOCAL GOVERNMENT INVESTMENT
COOPERATIVE / "LOGIC"
ACCOUNT ALLOCATION AT MARCH 31,2006
ACCT # DESCRIPTION BALANCE
GENERAL FUND
001.1115 GENERAL OPERATING $446,973.52
UTILITY FUND
002.1115 UTILITY OPNS $1,931,458.27
002.1116 IMPACT FEES WATER $1,703,815.21
002.1130 UTILITY INTEREST & SINKING FUND $700,241.63
002.1177 94 BONDS $40,754.11
002.1294 IMPACT FEES SEWER $198,185.00
CAPITAL PROJECTS FUND
003.1113 IMPACT FEES/SA I $126,782.32
003.1396 2002 CERTIFICATES OF OBLIGATION $41,625.80
DEBT SERVICE FUND
004.1115 DEBT SERVICE OPERATING $461,302.91
TIF FUND
017.1115 DRAINAGE OPERATING $262,572.21
017.1159 DRAINAGE INT & SINKING FUND $122,436.11
017.1380 2001 DRAINAGE BONDS $467,036.84
TIF FUND
026.1115 TIF OPERATING $1,637,457.65
026.1119 2000 TIF BONDS $948.48
026.1383 2001 TIF BONDS $1,097,807.33
CCCPD FUND
027.1115 CCCPD OPERATING $226,464.10
027.1147 99 POLICE/COURT BLDG FUND $77,520.88
TOTAL LOGIC POOL BALANCE
$9,543,382.37
Holiday Reminder
In observance of the Good Friday holiday,
TexSTAR will be closed on Friday, April 14, 2006.
In addition, due to markets closing early in
anticipation of the holiday, TexSTAR will also
close early on Thursday, April 13, 2006. The
transaction deadline for same day wire deposits
and withdrawals will be 2 p.m. The standard ACH
deadline of 3:30 p.m. will be observed.
This is one of the unusual dates when banks are
open but markets are closed. Please plan
accordingly to meet your liquidity needs.
The economy continued to grow at a solid pace
in the first quarter. Labor market conditions
remained tight with initial jobless claims settling
in the 300,000 range. Non-farm payrolls
increased by a healthy 243,000 while the
unemployment rate edged up to 4.8%. Tight
labor market conditions translated into an
improvement inconsumer confidence by the end
of March.
Inflation remained well-contained throughout the
quarter with the core CPI and the peE deflator
each producing increases of only 0.1 %. On a
year-on-year basis, core CPt is up 2.1 % while
the core peE deflator is up 1.8%. The Treasury
yield curve flattened during the quarter. The
yield on 3 month Treasury bills rose 53 bps to
end at 4.60%. Meanwhile, the spread between
1 month and 12 month yields increased from
45 bps at the end of December to 46 bps at the
end of March.
The weakness in the housing market will likely
act as a moderate drag on growth which may
then help produce the desirable cooling in
economic activity that the Fed is seeking to
achieve. The Fed is expected to lift the fed funds
rate to 5% in the second quarter with a 50%
chance that it will raise the rate beyond that
level by summer. GDP growth is likely to
converge closer to trend (trend is assumed to
be 3.25%) in the second half of the year with
personal consumption and capital spending
running at healthy rates and net exports
potentially having a small positive contribution
to growth.
Repurchase Agreements
42.03%
Commercial Paper
32.99%
91 to 180 days
1.95%
31 to 90 days
11.83%
181+ days
1.22%
8 to 30 days
13.31%
Other
4.52%
School District
40.69%
Agencies
24.98%
Higher Education
2.93%
County
11.17%
Health Care
1.86%
Historical Program Information
Average Book Market Net Number of
Month Rate Value Value Asset Value WAM(1)* WAM (2)* Participants
Mar 06 4.5529%. $1,006,195,726.14 $1,006,122,884.58 0.999885 16 28 376
Feb 06 4.4846% 1,104,608,112.27 1,104,539,876.57 0.999938 18 27 376
Jan 06 4.2862% 1,044,735,584.63 1,044,681,647.41 0.999948 18 31 377
Dee 05 4.0946% 784,698,537.58 784,500,841.53 0.999693 27 50 376
Nov05 3.8773% 610,757,327.19 610,198,051.57 0.999084 35 67 376
Oct 05 3.6964% 683,175,157.33 682,721,254.18 0.999335 39 75 376
Sep 05 3.5409% 792,273,360.73 792,020,754.01 0.999587 41 63 376
Aug 05 3.3977% 830,811,393.00 829,980,529.00 0.999700 46 63 376
Jul 05 3.2622% 976,029,641.00 975,676,912.00 0.999700 47 66 376
Jun 05 3.1082% 1,092,116,746.00 1,091,642,807.00 0.999800 46 69 376
May 05 3.0257% 1,178,670,564.00 1,178,504,271.00 0.999800 46 77 376
Apr 05 2.8624% 1,152,299,152.00 1,152,097,718.00 0.999800 47 86 376
Mar 05 2.6498% 1,101,661,267.00 1,101,250,206.00 0.999700 42 87 371
Portfolio Asset Summary as of March 31, 2006
Book Value Market Value
Total
$1,006,195,726.14
$ 1,006,122,884.58
Market value of collateral supporting the Repurchase Agreements is at least 102% of the Book Value. The portfolio is managed by J.P. Morgan Chase
& Co. and the assets are safe kept in a separate custodial account at the Federal Reserve Bank in the name of LOGIC. The only source of payment to
the Participants are the assets of LOGIC. There is no secondary source of payment for the pool such as insurance or guarantee. Should you require
a copy of the portfolio. please contact LOGIC Participant Services.
LOGIC Daily Rates for March 2006
4.80%
4.78%
4.76%
4.74%
4.72%
4.70%
4.68%
4.66%
4.64%
4.62%
4.60%
4.58%
4.56%
4.54%
4.52%
4.50%
4.48%
4.46%
4.44%
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~ ~ ~ ~ ~ ~ ~ ~ ~ K ~ ~ ~ K K ~ K K ~ ~ KKK K K ~ KKK ~ K
...~":,~~~'~.',:~:-~:-~~~:-~:-~~~~~":,~~~~~:-~:-~~~:-~:-~~~~~":,~~~~~:-~:-~~~:-~:-~~~~~~
v ~ ... ~v... ~ ... ~ ... ~ ~ ~ ~ ~v~ 'V ~ ~ ~ 'V ~ ~ 0
PRE COUNCIL
.'" AGENDA BRIEFING
IC':'l:,,$
I
MEETING DATE: I
ITEM #: I
I
04/18/06
PC-5
CITY MANAGER I ·
DEPARTMENT HEAD :
I
FINANCE REVIEW ! NI A
Previous Action: None
DEPARTMENT: CITY COUNCIL
SUBJECT : Discussion of the April 18, 2006, City Council
regular agenda items
This item provides the opportunity for the City Council to discuss the regular City Council
agenda items.
CITY COUNCIL
.'" AGENDA BRIEFING
fexns
MEETING DATE: I
ITEM#: I
j
I
04/18/06
1
CITY MANAGER I
DEPARTMENT HEAD I
i
j
FINANCE REVIEW i
j
NIA
Previous Action: None
DEPARTMENT: CITY COUNCIL
SUBJECT: Executive Session - In accordance with Texas
Government Code Chapter 551, Subchapter D
EXECUTIVE SESSION - In accordance with Texas Government Code Chapter 551,
Subchapter D
Sec. 551.071 -
Sec. 551.071 -
Sec. 551.071 -
Sec. 551.071 -
Sec. 551.072 -
Sec. 551.087 -
Consultation with Attorney on Legal Issues Raised by Public
Hearing or Action Items on the Agenda
Legal - Brian K. Meroney vs. City of Colleyville
Legal - George Hencinski and Rose Mary Hencinski vs. David C.
Banning, Tamara S. Banning and City of Colleyville, Texas
Legal - Potential Litigation - Marketing Management Incorporated,
Professional Services, Inc., (MMI) and Citizen Centric Solutions
(CCS)
Property - Deliberate the purchase, lease, exchange or value of
real property
Economic Development - Discuss and deliberate commercial and
financial information received from business prospect(s) the City
seeks to have locate, stay or expand within the City
RESOLUTION R-06-2688
A RESOLUTION APPROVING COUNCIL ACTION
REGARDING EXECUTIVE SESSION ITEMS AT THE REGULAR
CITY COUNCIL MEETING OF
APRIL 18, 2006
WHEREAS, following discussion in Executive Session, and in full accordance with the
requirements of the Open Meetings Act, the City Council determines that the
following action is in the best interests ofthe health, safety and welfare ofthe
public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the following actions of the City Council are hereby adopted and
approved:
a. THAT
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF AYES,
ON THIS THE DAY OF
NAYS AND ABSTENTIONS
2006.
ATTEST:
CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
David Kelly
Mayor
CITY COUNCIL
I
MEETING DATE: i
I
I
ITEM#: I
~ce> AGENDA BRIEFING
TC':\:ns
04/18/06
3
I
CITY MANAGER I
DEPARTMENT HEAD I
I
FINANCE REVIEW IN/A
;
Previous Action: None
DEPARTMENT: CITY COUNCIL
SUBJECT: CORRESPONDENCE, MISCELLANEOUS
REPORTS OF MEETINGS ATTENDED BY THE
CITY COUNCIL AND CITY OFFICIALS AND
ANNOUNCEMENTS, PROCLAMATIONS OR
PRESENTATIONS
PROCLAMATION -
PROCLAMATION -
PROCLAMATION -
In recognition of Keep America Beautiful Great American
Clean up and Colleyville Clean Sweep - Roger Nelson,
Chairman, Keep Colleyville Beautiful
In recognition of Colleyville Garden Club Promenade -
Becky Meadows, President and Carol Wollin,
Promenade Chair, Colleyville Garden Club
In recognition of the Colleyville Garden Club for
landscaping projects at City Hall, Sparger Park and the
Webb House - Becky Meadows, President and Carol
Wollin, Promenade Chair, Colleyville Garden Club
roclamation
CITY OF
Colleyville,
Texas
WHEREAS: Keep America Beautiful, Inc., a national
not-for-profit organization dedicated to helping individuals improve their community
environment, has established the Great American Cleanup as its signature national
effort for involving American citizens in environmental stewardship; and
WHEREAS, the City of Colleyville is proud of its natural resources and its neighborhoods and
seeks to protect and improve our community through the action of citizens, schools,
government and businesses working together; and
WHEREAS, the President of the United States of America has recognized the important
commitment to improve American communities through litter prevention,
beautification and solid waste management initiatives and has assumed the title of
Honorary Chair of the Keep America Beautiful's Great American Cleanup, and
WHEREAS, in 1872, J. Sterling Morton proposed to the Nebraska Board of Agriculture that a
special day be set aside for the planting of trees. This holiday, called Arbor Day, was
first observed with the planting of more than a million trees in Nebraska; and
WHEREAS, Arbor Day is observed throughout the world and has become a day dedicated to the
beauty, usefulness and preservation of trees; and
WHEREAS, trees reduce the erosion of our precious topsoil by wind and water, cut heating and
cooling cost, moderate the temperature, clean the air, produce oxygen, and provide
habitat for wildlife.
NOW, THEREFORE, I, DAVID KELLY, MAYOR OF THE CITY OF COLLEYVILLE, TEXAS, on
behalf of the Colleyville City Council do hereby proclaim April 29,2006 as
Keep America Beautiful's Great American Cleanup
and Arbor Day in Colleyville
and call upon our citizens to join in the activities that promote responsible
environmental stewardship and help us renew our commitment to building a better
world today and for future generations.
IN WITNESS WHEREOF, I do hereby set my hand and seal of the City of Colleyville, Texas, affixed
this 18th day of April 2006.
/t)"J~7
ce1e
Texa_
roclamation
CITY OF
Colleyville,
Texas
WHEREAS: the Colleyville Garden Club is organized
to promote interest in all phases of gardening, horticultural education, civic
beautification and conservation of natural resources; and
WHEREAS, the Colleyville Garden Club hosts the Promenade Garden Tour each
year, showcasing four residential gardens via a spring garden tour, which
educates the public about good landscape design, gardening, and
horticulture and contains a special educational exhibit; and
WHEREAS, the Colleyville Garden Club adheres to the objectives of the National
Garden Clubs, Inc. by providing education, resources and networking
opportunities for its members to promote the love of gardening, floral
design, civic and environmental responsibility; and
WHEREAS, The Colleyville Garden Club aids in the protection and conservation of
natural resources, actively promotes and participates in civic beautification
and encourages the improvement of roadsides and parks; and
WHEREAS, gardening instills a greater appreciation of our land, a greater respect for
our environment and our natural resources, and yields flowers and plants
full of color and life.
NOW, THEREFORE, I, DAVID KELLY, MAYOR OF THE CITY OF COLLEYVILLE,
TEXAS, on behalf of the City Council and citizens of Colleyville, do hereby
proclaim the
COLLEYVILLE GARDEN CLUB PROMENADE GARDEN TOUR
on April 30, 2006 is a celebration of the important benefits gardening
brings to our lives, and encourage our citizens to tour and enjoy the
beauty gardening brings into our lives.
IN WITNESS WHEREOF, I do hereby set my hand and seal of the City of Colleyville,
Texas, affixed this 18th day of April 2006.
4>~/
. Mayor
ce1e
Texas
roclamation
CITY OF
Colleyville,
Texas
WHEREAS: the Colleyville Garden Club has
added beauty to our community through club planting projects, and
WHEREAS, Colleyville Garden Club has created gardens at Colleyville Center, the Lee
and Leone Hodges Butterfly Garden at Kidsville and the Parks and
Recreation Office; and
WHEREAS, the Colleyville Garden Club's committee of Garden Angels watches over
these gardens and schedules workdays to maintain them; and
WHEREAS, Colleyville Garden Club participates in Keep Colleyville Beautiful and the
Colleyville Arbor Day program that improves the beauty and quality of life in
the City of Colleyville through such projects as planting a tree and fall and
spring cleanups; and
WHEREAS, Colleyville Garden Club assisted with the design, funding, and planting of a
heritage garden at the historic Webb House; and
WHEREAS, Colleyville Garden Club added perennial color to the existing beds at
Colleyville City Hall; and
WHEREAS, Colleyville Garden Club is creating a sanctuary space to honor all veterans of
the United States Armed Forces at the Veteran's Memorial at Sparger Park,
and is dedicating this site as a Blue Star Memorial Byway.
NOW, THEREFORE, I, DAVID KELLY, MAYOR OF THE CITY OF COLLEYVILLE,
TEXAS, on behalf of the Colleyville City Council and citizens of Colleyville, do
express our sincerest appreciation to the
COLLEYVILLE GARDEN CLUB
for enhancing our community with the beauty of flowers, plants, trees and
shrubs, thus providing sanctuaries for all residents to enjoy.
IN WITNESS WHEREOF, I do hereby set my hand and seal of the City ofColleyville, Texas,
affixed this 18th day of April 2006.
b~2f
, ce1e
l"ex"s
On Sunday, April 9, our Colleyville Women's Club held their lih
annual Youth Volunteer Service Award Ceremony. This year, out of
39 award honorees, 20 were from Colleyville.
I would like to recognize these fine youth volunteers for their service
to our community and their leadership in setting an example for all
our youth. These are the future leaders of our community.
This years Colleyville award honorees are:
Andrew Sohn
Blakeley Guerriere
Caroline Guerriere
Jennifer Eklund
Sanlatha Ross
Sowmya Sunkara
Amanda Black
Annie Parkinson
Cai tlin Morin
Christopher Morin
Cory Morin
Forrest Huddleston
Margeaux Dupuy
Randall Rousch
Katie Libonati
Hailey Starnes
Kristen Gelles
Kristin Bates
Nicholas Stephens
Kathryn Cotton
I also want to commend our Colleyville Women's Club for their
efforts in recognizing and honoring our community youth volunteers.
RESOLUTION R-06-2689
A RESOLUTION APPROVING COUNCIL ACTION
UNDER CONSENT ITEMS AT THE REGULAR
COUNCIL MEETING OF APRIL 18, 2006
WHEREAS, Council has taken action on certain items on the agenda under Consent
Items.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the agenda decisions approved by Council action under Consent
Items as follows are hereby adopted:
a. Approval of minutes of the regular City Council meeting of April 4, 2006
b. Approval of broker/dealer firms: Coastal Securities, Duncan-Williams, Inc.,
J.P. Morgan Securities, Inc. and Merrill Lynch for investment purchases
c. Authorize the City Manager to proceed with the acceptance of the Public
Utility Commission of Texas 2006 Consumer Price Index adjustment to
municipal telecommuncations right-of-way access line rates
d. Approval of a donation of trees and irrigation system from David Bagwell
Company
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF
ON THIS THE DAY OF
AYES,
NAYS AND
2006.
ABSTENTIONS
ATTEST:
CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
David Kelly
Mayor
MINUTES OF THE
CITY COUNCIL MEETING
APRIL 4, 2006
The Pre Council meeting of the Colleyville City Council was called to order by Mayor
David Kelly on April 4, 2006, at 5:38 p.m.
ROLL CALL:
Councilpersons George Boll, Tony Licata, Rich Hendler, Tom Hart
and Mayor Pro Tem Jon Ayers were present. Mayor David Kelly,
City Manager Bill Lindley, Assistant City Manager Paul Frederiksen,
Police Chief Tommy Ingram, Police Lieutenant Doug Cooper,
Community Development Manager Barry LeBaron, Public Works
Director Steve Chutchian, Engineer Chad Bartee, Human Resource
Director Kelly Cooper, Economic Development Manager Scott
Welmaker, Parks and Recreation Director Monica Walsh, Parks
Superintendent Chuck Majors, Communications Manager Mona
Gandy, Budget and Administrative Services Manager Stephen
Seidel, Management Assistant Brian Chapman, City Attorney
Matthew Boyle and City Secretary Cynthia Singleton were also
present.
PC-1. Discussion of the Workforce Development Sustainability Project from the
Mejorando Group and Public Sector Personnel Consultants
Mr. Patrick Ibarra of The Mejorando Group provided an overview of the Succession
Planning Program, the process for implementation and answered questions of the
Council.
Mr. Matthew Weatherly of Public Sector Personnel Consultants provided an overview of
the Compensation and Retention Plan and answered questions of the Council.
City Manager Bill Lindley provided information regarding the funding and
implementation of the Succession Planning Program and the Compensation and
Retention Plan and answered questions of the Council.
PC-2. Discussion of the April 4, 2006 City Council regular agenda items
..~~..,._~-"'''''''.~--_._-~~~~-_."-~'--'-,.,.. ~-"~-""-~---
CITY COUNCIL MINUTES
APRIL 4, 2006
There was general discussion regarding Item 7, Establishing the Street Capital
Improvement Plan (CIP) Committee and appointing members, related to the
appointment process.
There being no further business, Mayor David Kelly declared the meeting adjourned at
6:40 p.m.
The regular meeting of the Colleyville City Council was called to order by Mayor David
Kelly on April 4, 2006, at 7:06 p.m.
ROLL CALL:
Councilpersons George Boll, Tony licata, Rich Hendler, Tom Hart
and Mayor Pro Tem Jon Ayers were present. Mayor David Kelly,
City Manager Bill lindley, Assistant City Manager Paul Frederiksen,
Public Works Director Steve Chutchian, Engineer Chad Bartee,
Community Development Manager Barry LeBaron, Community
Development Coordinator Chris Fuller, AudioNisual Intern Andrew
Sylvestor, City Attorney Matthew Boyle and City Secretary Cynthia
Singleton were also present.
1. EXECUTIVE SESSION - In accordance with Texas Government Code Chapter
551, Subchapter D
Sec. 551.071 -
Sec. 551.071 -
Sec. 551.071 -
Sec.551.071 -
Sec. 551.072-
Sec. 551.087 -
Consultation with Attorney on Legal Issues Raised by Public
Hearing or Action Items on the Agenda
Legal - Brian K. Meroney vs. City of Colleyville
Legal - George Hencinski and Rose Mary Hencinski vs.
David C. Banning, Tamara S. Banning and City of
Colleyville, Texas
Legal - Potential litigation - Robert Trimble vs. City of
Colleyville
Property - Deliberate the purchase, lease, exchange or value
of real property
Economic Development - Discuss and deliberate commercial
and financial information received from business prospect(s)
the City seeks to have locate, stay or expand within the City
Mayor Kelly explained that the Executive Session had been called in accordance with
the Texas Government Code Chapter 551, Subchapter D, Section 551.071, Legal,
Section 551.072, Property and Section 551.087, Economic Development. He further
explained that there would be no decisions made or action taken during this time. The
meeting was recessed at 7:07 p.m. and reconvened at 7:36 p.m.
2
CITY COUNCIL MINUTES
APRIL 4, 2006
The invocation was given by Frank Vandy, Colleyville Baha'i Community and City
Attorney Matthew Boyle led the Pledge of Allegiance.
EXECUTIVE SESSION:
2. CONSIDER AND TAKE ANY ACTION(S) NECESSARY RELATIVE TO ITEMS
DISCUSSED IN EXECUTIVE SESSION - Resolution R-06-2682
This Resolution was not needed.
3. CORRESPONDENCE, MISCELLANEOUS REPORTS OF MEETINGS
ATTENDED BY THE CITY COUNCIL AND CITY OFFICIALS AND
ANNOUNCEMENTS, PROCLAMATIONS OR PRESENTATIONS
Mayor Kelly stated that the opening day activities for the youth baseball leagues was
Saturday, April 1, 2006. Mayor Kelly commended Parks and Recreation Director
Monica Walsh, Parks Superintendent Chuck Majors and the Parks and Recreation
department staff for the condition of the baseball fields and the best sports facilities in
the metroplex. Mayor Kelly also expressed appreciation to the volunteers and the
Police Department and Fire Department personnel for their assistance in making the
day a successful event.
Mayor Kelly invited citizens to participate in the Hopping Good Egg Hunt on Saturday,
April 8, 2006.
Mayor Kelly encouraged citizens to participate in the Colleyville Clean Sweep and
celebration of the 20th anniversary of the Don't Mess with Texas Campaign on Saturday,
April 29, 2006 at City Park.
Mayor Kelly announced that Councilman Hendler was part of the statewide press
release regarding the 20th Don't Mess with Texas Campaign.
Councilman Hendler stated that it has been an honor to be part of the Colleyville Clean
Sweep program and invited citizens to participate in the Clean Sweep event.
Mayor Kelly read the City Council minutes of the September 10, 1968, meeting in honor
of the City of Colleyville's 50th anniversary.
Mayor Kelly presented a Proclamation to Sommer Houser, Associate Director, Alliance
for Children, in recognition of Child Abuse Prevention Month.
Ms. Houser expressed appreciation for the support to confront child abuse and
distributed blue ribbons, which indicates support for the protection of children.
3
CITY COUNCIL MINUTES
APRIL 4, 2006
Mayor Kelly presented a Proclamation to Jeffrey Pool, Principal, Crown of Life Lutheran
School, in recognition of Crown of Life Lutheran School's 10th Anniversary.
Mr. Pool expressed appreciation to the City for recognizing the 10th Anniversary of the
school.
CONSENT:
4. READING AND PUBLIC HEARING - Resolution R-06-2683 - Consent Items:
a. Approval of minutes of the regular City Council meeting of March 21, 2006
b. Approval of a Bid Award for a design and build contract for a new
playground at the Nature Center to Recreation Consultants of Texas, LLC,
in an amount not to exceed $67,937.00, and authorize the City Manager to
execute the contract
c. Approval of a Bid Award for renovation of baseball fields at City Park to
Sports Field Solutions, in an amount not to exceed $75,360.00, and
authorize the City Manager to execute the contract
Mayor Kelly read Resolution R-06-2683 in its entirety.
Mayor Kelly opened the public hearing.
There was no one present wishing to speak concerning this item and Mayor Kelly
closed the public hearing.
Mayor Pro Tem Ayers moved to approve Resolution R-06-2683, with the amendment to
correct the spelling of Mr. Greg Puklicz on page 5.
Councilman Hendler seconded the motion.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the motion carried
PUBLIC HEARINGS:
5. SECOND READING AND PUBLIC HEARING - Ordinance 0-06-1569 -
Approval of an Amendment to the Land Development Code to add Chapter 3.1,
Oil and Gas Well Drilling and Production Regulations, Case G-06-001
Mayor Kelly read the caption of Ordinance 0-06-1569.
4
CITY COUNCIL MINUTES
APRIL 4, 2006
Community Development Manager Barry LeBaron stated that staff met with
representatives from the oil and gas drilling industry and provided an overview of the
proposed changes to the proposed ordinance.
Mayor Kelly opened the public hearing.
Ms. Kathy Hadley, 204 Timberline North, spoke in favor of the proposed ordinance.
Mayor Kelly read a letter from Mr. James Day, 805 Shelton Drive, concerning the water
usage for oil and gas well drilling and production.
Mr. John Petropoulos, Harding Company, 9157 Stonecreek, Dallas, Texas, was present
to answer questions of the Council.
There were no others present wishing to speak concerning this item and Mayor Kelly
closed the public hearing.
City Manager Bill Lindley provided information regarding water pits and the drilling
distance from water wells.
Mayor Pro Tem Ayers moved to approve Ordinance 0-06-1569, with the proposed
ordinance modifications contained in the memo dealing with the variance procedure, the
elimination of the issues with respect to the flood plains and the reduction of 1,000 feet
to 300 feet.
Councilman Boll seconded the motion.
City Manager Bill Lindley stated that a subsequent ordinance will address the use of
City water, the permitting process for drilling and safety inspections.
Discussion ensued regarding the permitting process and the restrictions regarding the
use of City water for drilling purposes.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the motion carried
6. FIRST READING AND PUBLIC HEARING - Ordinance 0-06-1570 - Approval
of a Zoning Change from AG Agricultural to R40 Single Family Residential on
3.16 acres out of the T. White Survey located at 6208 L.D. Lockett Road, Case
Z -06-004
5
CITY COUNCIL MINUTES
APRIL 4, 2006
Mayor Kelly read the caption of Ordinance 0-06-1570.
Community Development Manager Barry LeBaron provided an overview of the request
for a zoning change from AG Agricultural to R40 Single Family Residential.
Ms. Rachel Whittlesey, 6208 L. D. Lockett Road, applicant, provided information
regarding the plans for development of the property.
Mayor Kelly opened the public hearing.
There was no one present wishing to speak concerning this item and Mayor Kelly
closed the public hearing.
7. READING AND PUBLIC HEARING - Resolution R-06-2684 - Establishing the
Street Capital Improvement Plan (CIP) Committee and appointing members
Mayor Kelly read Resolution R-06-2684 in its entirety.
Mayor Kelly opened the public hearing.
There was no one present wishing to speak concerning this item and Mayor Kelly
closed the public hearing.
Mayor Kelly opened the floor for nominations for the at-large positions.
Mayor Pro Tem Ayers nominated L. Ed Moore.
Councilman Hart nominated Michael Muhm.
Councilman Hendler nominated Joyce Hammill.
There were no other nominations and Mayor Kelly called for the vote.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the motion approved.
Mayor Kelly opened the floor for the individual appointments by Council.
Mayor Kelly nominated Larry Henry.
Councilman Boll nominated John Payne.
6
CITY COUNCIL MINUTES
APRIL 4, 2006
Councilman Licata nominated Choyce Morrow.
Councilman Hendler nominated Stanley Hall.
Mayor Pro Tem Ayers nominated Sean Bryan.
Councilman Hart nominated Jim Robinson.
Mayor Kelly opened the floor for nominations for a temporary Chairperson of the
Committee.
Councilman Hendler nominated Jody Short as temporary Chairperson.
There was consensus of the Council that those nominated and the Chairpersons of the
Planning and Zoning Commission, SH26 Advisory Committee, Traffic Safety Advisory
Committee and the Sidewalk Committee would be appointed to the Street Capital
Improvement Plan Committee and Jody Short would serve as temporary Chair.
Mayor Pro Tem Ayers suggested that the final report be delivered by November 15,
2006.
Mayor Pro Tem Ayers moved to approve Resolution R-06-2676, appointing L. Ed.
Moore, Michael Muhm, Joyce Hammill, Larry Henry, John Payne, Choyce Morrow,
Stanley Hall, Sean Bryan, Jim Robinson and the Chairpersons of the Planning and
Zoning Commission, SH26 Advisory Committee, Traffic Safety Advisory Committee and
the Sidewalk Committee to the Street Capital Improvement Plan Committee, that Jody
Short would serve as temporary Chair and that the Committee will issue the final report
by November 15, 2006.
Councilman Hart seconded the motion.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the motion carried.
8. READING AND PUBLIC HEARING - Resolution R-06-2685 - Consideration of
appointments to the Colleyville Tree Board
Mayor Kelly read Resolution R-06-2685 in its entirety.
Mayor Kelly opened the public hearing.
7
CITY COUNCIL MINUTES
APRIL 4, 2006
There was no one present wishing to speak concerning this item and Mayor Kelly
closed the public hearing.
Councilman Hart moved to approve Resolution R-06-2685, appointing Connie Hampton,
Peter Riis and Joe Ben Hassell to the Colleyville Tree Board.
Councilman Licata seconded the motion.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the motion carried.
9. READING AND PUBLIC HEARING - Resolution R-06-2686 - Consideration of
appointment to the Park Land Dedication Committee
Mayor Kelly read Resolution R-06-2686 in its entirety.
Mayor Kelly opened the public hearing.
There was no one present wishing to speak concerning this item and Mayor Kelly
closed the public hearing.
Mayor Pro Tem Ayers moved to approve Resolution R-06-2686, appointing Connie
Hampton to the Park Land Dedication Committee.
Councilman Boll seconded the motion.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the motion carried.
CITIZEN COMMENTS:
10. CITIZEN COMMENTSIPRESENT A TIONS REGARDING ITEMS NOT ON THE
AGENDA
There was no one present wishing to speak regarding this item.
REPORTS:
11. SIGN BOARD OF APPEALS MINUTES - December 14, 2004
ZONING BOARD OF ADJUSTMENT MINUTES - January 10, 2006
8
CITY COUNCIL MINUTES
APRIL 4, 2006
PLANNING AND ZONING COMMISSION MINUTES - February 27,2006
There was no action taken on this item.
ACTION/RESOLUTION:
12. DISCUSSION AND CONSIDERATION OF A RESOLUTION RATIFYING
COUNCIL AGENDA ACTION FOR THE MEETING OF APRIL 4, 2006 -
Reading and Public Hearing - Resolution R-06-2687
This item was not needed.
ADJOURNMENT
13. ADJOURNMENT
There being no further business before the City Council, Councilman Boll moved to
adjourn.
Councilman Hart seconded the motion.
Ayes: Councilpersons Boll, Licata, Hendler, Hart and Mayor Pro Tem Ayers
Nays: None
Mayor Kelly declared the meeting adjourned at 8:24 p.m.
APPROVED BY A VOTE OF
ABSTENTIONS THIS THE
AYES,
DAY OF
NAYS AND
2006.
Minutes taken and prepared by:
Cynthia Singleton, TRMC
City Secretary
9
CITY COUNCIL (DI€~~~ill'" AGENDA BRIEFING
Tl"~":;
MEETING DATE: 04/18/06 CITY MANAGER:
ITEM # : 4b DEPARTMENT HEAD I
RESOLUTION # : R-06-2689 FINANCE REVIEW I NIA
Previous Action: None
DEPARTMENT: FINANCE
SUBJECT : Approval of broker/dealer firms: Coastal Securities,
Duncan-Williams, Inc., J.P. Morgan, Securities, Inc.
and Merrill Lynch for investment purchases - by
Consent
Reading and Public Hearing
The City's Investment Policy provides that the City Council shall annually approve
broker/dealer firms to receive quotes for investment purchases. Staff received replies to our
broker/dealer questionnaires from the following firms: Coastal Securities, Duncan-Williams,
Inc., J.P. Morgan Securities, Inc. and Merrill Lynch. Coastal Securities, Duncan-Williams, Inc.
and Merrill Lynch are firms the City has approved in the past and is currently using. In the
past, the City was unable to use J.P. Morgan Securities, Inc, because the City used J.P.
Morgan Chase Bank to safe keep investments. Under prudent governmental accounting
practices, investments are not safekept with the same firm from which they are purchased,
because investments are purchased on a "delivery versus payment" basis. In an effort to
consolidate depository and safekeeping services with the recent bid, the City is now using
Wells Fargo to safekeep its investments. J.P. Morgan Securities is a primary dealer of U.S.
government securities and there is a branch of J.P Morgan Chase Bank in Colleyville.
Attached is a recap of the responses received from the proposed firms, and based upon this
information, it is recommended that the following firms be approved broker/dealers: Coastal
Securities, Duncan-Williams, Inc., J.P. Morgan Securities, Inc. and Merrill Lynch.
Financial Impact
None
Recommendation
Approval based upon the attached recap to select the following four firms for broker/dealer
investment purchases Coastal Securities, Duncan-Williams, Inc., J.P. Morgan Securities, Inc.
and Merrill Lynch
Attachments
. Recap of broker/dealer questionnaire responses
. City of Colleyville Investment Policy
RECAP OF BROKERIDEALER QUESTIONNAIRE RESPONSES
PRIMARY DEALER?
HAVE FIRM'S PERSONNEL READ
CITY'S INVESTMENT POLICY?
ANY PUBLIC SECTOR LOSSES OVER 10%
DUE TO MISUNDERSTANDING
OR MISREPRESENTATION?
DOES FIRM COMPLY WITH FEDERAL
RESERVE CAPITAL ADEQUACY
GUIDELINES?
DOES FIRM PARTICIPATE IN SPIC
INSURANCE PROGRAM?
WHAT % OF FIRMS TRANSACTIONS
FAILED LAST YEAR?
FINANCIAL STATEMENTS SUBMITTED?
CURRENT LICENSES SUBMITTED
COASTAL
SECURITIES
NO
YES
NO
YES
YES
UNDER 1 %
YES
YES
DUNCAN
WILLIAMS
NO
YES
NO
YES
YES
UNDER 1 %
YES
YES
J.P. MORGAN
SECURITIES
YES
YES
NO
YES
YES
UNDER 1%
YES
YES
MERRILL
LYNCH
YES
YES
NO
YES
YES
UNDER 1 %
YES
YES
CITY OF COLLEYVILLE INVESTMENT POLICY
Policy
It is the policy of the City of Colleyville (the City) to invest public funds in a manner which
will provide the highest investment return with the maximum security while meeting the
daily cash flow demands of the entity and conforming to all State of Texas statutes and
City ordinances.
Scope
This investment policy applies to all financial assets ofthe City. These funds are accounted
for in the City's Comprehensive Annual Financial Report and include:
General Fund
Utility Fund
Debt Service Fund
Capital Projects Fund
Voluntary Park Fund
Sesquicentennial Fund
Special Donation Fund
Park Land Dedication Fund
Crime District Fund
Drainage Utility Fund
Tree Preservation Fund
Library Donation Fund
Community Center Building Fund
Recycling Fund
Police Asset Forfeiture Fund
Voluntary Library Fund
TIF Fund
Kidsville Maintenance Fund
and any new fund created by the City Council, unless specifically exempted by the City
Council.
Objectives
The primary objectives, in priority order, of the City's investment activities shall be:
Safety: Safety of principal is the foremost objective of the City in managing its portfolio.
Investments of the City shall be undertaken in a manner that seeks to ensure the
preservation of capital in the overall portfolio. To attain this objective the City will diversify
its investments by investing funds among a variety of securities offering independent
returns and financial institutions.
Liquidity: The City will also maintain sufficient liquidity to provide adequate and timely
working funds.
Return on Investments: The investment portfolio shall be designed with the objective of
obtaining a rate of return throughout budgetary and economic cycles, commensurate with
the investment risk constraints and cash flow needs. The City investment strategy is
passive and the portfolio shall be designed with the objective of regularly exceeding the
weighted average return on thirteen-week Treasury bills. This is considered a benchmark
for riskless investment transactions, and therefore, is a minimum standard for the portfolio's
rate of return. For bond funds that fall under the arbitrage provisions ofthe Tax Reform Act
of 1986, the City will attempt to earn allowable bond yield with market conditions permitting.
Delegation of Authority
The City designates the Investment Officers to be the City Manager with overall
responsibilities to see that investment objectives are accomplished and the Finance
Director with the specific day-to-day performance of managing the funds of the City.
Ethics and Conflict of Interest
All investment Officers and employees involved in the investment process shall refrain from
personal business activity that could conflict with proper execution of the investment
program, or that could impair their ability to make impartial investment decisions.
Employees shall disclose to the City of Colleyville and Texas Ethics Commission a
statement under the following conditions:
A. If they have a personal business relationship with a business organization offering
to engage in an investment transaction with the entity. Under the Public Funds
Investment Act, a personal business relationship is defined as:
1 . The investment officer owns 10 percent or more of the voting stock or shares
of the business organization or owns $5,000 or more of the fair market value
of the business organization:
2. Funds received by the investment officer from the business organization
exceed 10 percent of the investment officer's gross income for the previous
year; or
3. The investment officer has acquired from the business organization during
the previous year, investments with a book value of $2,500 or more for the
personal account of the investment officer.
B. If they are related within the second degree by affinity or consanguinity, as
determined by Chapter 573 V.A.T.C.S. to an individual seeking to sell an investment
to the City of Colleyville.
Prudence
Investments shall be made with judgement and care - under circumstances then prevailing
_ which persons of prudence, discretion, and intelligence exercise in the management of
their own affairs, not for speculation, but for investment, considering the probable safety of
their capital as well as the probable income to be derived.
The standard of prudence to be used by investment officials shall be the "prudent person",
which means the officer may not be an expert but is obligated to act responsibly and shall
be applied in the context of managing an overall portfolio. Investment officers acting in
accordance with written procedures and exercising due diligence shall be relieved of
personal responsibility for an individual security's credit risk or market price changes,
provided deviations from expectations are reported in a timely fashion and appropriate
action is taken to control adverse developments.
Investment officers shall notify the City Council in writing of any conflicts of interest, as
defined by the Public Funds Investment Act, no later than the next regularly scheduled
Council meeting.
It is the policy of the City that the Investment Officers perform their duties in accordance
with the policies and procedures set forth in this policy. The Investment Officers of the City
(City Manager and Finance Director and the Assistant to the Finance Director (acting in the
Finance Director's absence)) shall be personally indemnified in the event of investment
loss provided the Investment Policy is followed.
Internal Controls
The Finance Director shall establish a system of written internal controls which shall be
reviewed annually by the independent auditor. The controls shall be designed to prevent
the loss of public funds due to fraud, error, misrepresentation, unanticipated market
changes or imprudent actions.
Permissible Instruments
The following is a list of permissible instruments as authorized by the 70th Texas
Legislature in the Public Funds Investment Act (TEX. REV. CIV. STAT. ANN. ACT 842A-2)
and amended by the 71st Legislature:
1. Obligations of the United States or its agencies or instrumentalities;
2. Direct obligations of the State of Texas or its agencies;
3.
Other obligations, the principal of and interest on which are unconditionally
guaranteed or insured by the State of Texas orthe United States or its agencies or
instrumentalities;
4.
Obligations of states, agencies, counties, cities, and other political subdivisions of
any state having been rated as to investment quality by nationally recognized
investment rating firm and having received a rating of not less than "A" or its
equivalent;
5. Certificates of deposit issued by state and national banks and domiciled in the state
that are:
a. Guaranteed or insured by the Federal Deposit Insurance City, FSLlC or its
successors; or
b.Secured by obligations that are described by subdivisions (1) through (4)
of this subsection, which are intended to include all direct federal agency
or instrumentality issued mortgage backed securities, and which have a
market value of not less than the principal amount of the certificates or in
any other manner and amount provided by law for deposits of the
investing entities;
6. Invest in a local government investment pool as authorized by the Interlocal
Cooperation Act (TEX. REV. CIV. STAT. ANN. ACT. 4413 (32c), as amended, and
the Public Funds Investment Act (TEX. REV. CIV. STAT. ACT. 842a-2), as
amended. The investment pool must comply with the requirements of the Public
Funds Investment Act, as amended, as follows:
a. The investment pool maintains a stable asset value as defined in the
Public Funds Investment Act;
b. The investment pool maintains a AAA rating by one of the nationally
recognized rating agencies;
c. The investment pool's maximum average dollar weighted maturity does
not exceed 90 days; and
d. The investment pool's continued compliance with the remaining
provisions of the Public Funds Investment Act.
e. The eligible investments of the pool are as follows: obligations of the
United States or its agencies and instrumentalities, other obligations, the
principal of and interest on which are unconditionally guaranteed or
insured by the United States, fully collateralized repurchase agreements
with a defined termination date secured by obligations of the United
States or its agencies and instrumentalities, other obligations, the
principal of and interest on which are unconditionally guaranteed or
insured by the United States, and SEC registered money market funds
authorized by the Public Funds Investment Act and rated in the highest
category by at least one nationally recognized rating agency, reverse
repurchase agreements with a term of no longer than 90 days.
f. Include in its investment policy and/or operating procedures the following
information: a description of eligible investment securities and
unacceptable investments, a written statement on investment policy and
objectives, a description of interest calculations, distribution, and
treatment of gains and losses, security safeguarding, valuation
collateralization and auditing, and a fee schedule.
7. Direct repurchase agreements with primary security dealers or financial institutions
doing business in the State of Texas having a defined termination date, and
secured by U.S. Government or federal agency securities, provided that the
ownership of collateral for the repurchase agreement is transferred to the City, and
deposited with a safekeeping agent for the duration of the contract and a signed
master repurchase agreement has been executed with the counterparty.
8. SEC-registered no-load money market mutual funds with a dollar weighted average
portfolio of 90 days or less whose assets consist exclusively of United States
Government Securities whose investment objectives include seeking to maintain a
stable net asset value of $1.00 per share. Investment in mutual funds shall be
limited to a maximum of ten percent (10%) of the City's available funds.
Unacceptable Investment Instruments
The following securities, although authorized by the Public Funds Investment Act, are not
eligible investments for the City:
1. Collateralized mortgage obligations
2. Commercial paper
3. Banker's acceptances
4. Reverse repurchase agreements (Local Government Investment Pools which
the City participates in may engage in reverse repurchase agreements if the
term is 90 days or less)
5. No-load mutual funds other than SEe-registered no-load money market
mutual funds with a dollar weighted average portfolio of 90 days or less
whose assets consist exclusively of United States Government Securities
whose investment objectives include seeking to maintain a stable net asset
value of $1.00 per share.
6. Guaranteed investment contracts
7. Share certificates of qualifying credit unions
Investment Strategy
The investment strategy by type of fund is as follows:
(1) Operating Funds
The investment strategy for operating fund(s) is to assure that anticipated cash flows are
matched with adequate investment liquidity. A secondary objective is to create a portfolio,
which will experience minimum volatility during economic cycles. These funds shall not
have an investment with a stated maturity greater than eighteen (18) months.
(2) Debt Service Funds
The investment strategy for debt service fund(s) is the assurance of investment liquidity to
cover the debt service obligations on the required payment date. Investments purchased
shall not have a stated final maturity date which exceeds the corresponding debt service
payment date.
(3) Reserve Funds
The investment strategy for reserve fund(s) is the assurance of investment liquidity
adequate to cover the debt service obligations not funded by debt service funds on the
required payment date. Investment of reserve funds are controlled by their ordinance,
resolution or indenture, and Federal and State law. Bond documents must be examined
for each issue, for potential differences with this policy concerning investment instruments,
maximum maturity or average life restrictions, call dates or sinking fund redemptions, and
applicable arbitrage yields and rebate liability. Provisions contained in the bond documents
will supersede provisions of this policy.
Reserve funds will be invested using a more conservative approach than the current
standard investment strategy when arbitrage rebate rules require refunding excess
earnings. All excess earnings received will be segregated to allow a proper determination
of interest income to be used in the arbitrage calculation.
(4) Special Project or Special Purpose Funds
The investment strategy for special projects or special purpose fund portfolio(s) will have
as their primary objective to assure that anticipated cash flows are matched with adequate
investment liquidity. The states final maturity dates of securities held shall not exceed the
estimated project completion date. Funds in excess of defined construction payment
schedules shall be limited to a maximum final maturity date of three years.
Maturity limitations for single issue reserve funds shall not exceed the sooner of five (5)
years, the call provisions of the bond ordinance, or the final maturity of the bond issue.
A. Diversification
The City will attempt to limit the risk of loss through diversification of its portfolio and to
achieve the aforementioned investment strategies by diversification of instruments.
Maximum Percent
Diversification by Instrument of Portfolio
U.S. Treasury Obligations (Bills, Notes and Bonds),
U.S. Government Agency Securities,
and Instrumentalities of Government
Sponsored Corporations
100%
75%
Certificates of Deposit (CD's)
Commercial Bank's
75%
Local Government Investment Pool
75%
Tri-Party Repurchase Agreement
75%
SEC registered, no-load mutual fund
10%
Investment Procedures
The City shall enter the following agreements (if applicable): safekeeping, PSA repurchase
agreements, wire transfer agreements, banking services contracts, and
collateral/depository agreements. These contracts shall include the explicit delegation of
authority to persons responsible for the transactions involving these agreements. No
person except those designated in the contract may engage in any investment
transactions.
On all funds invested in instruments as listed in "Permissible Investments" numbers one
through five, oral bids shall be requested from at least two broker/dealers or national
banks. The City will accept the bid that provides the highest rate of return within the
maturity required and within the parameters ofthis policy. Records will be kept ofthe bids
offered, bids accepted, and a brief explanation of the decision that was made regarding the
investment.
Qualified Institutions
Annually, the City Council shall approve four financial institutions for investment purposes
as recommended by the Finance Director. All firms shall answer the Broker/Dealer
questionnaire (Appendix A) and submit their most recent audited financial statements to
the City Council for evaluation of credit worthiness. All personnel in the firms who will be
trading or quoting securities to the City Council must maintain a current NASD license and
be registered to deal securities in the State of Texas. An investment certification form
(Appendix B) on the firm's letterhead signed by a principal of the firm must be on file with
the City.
Safekeeping
All marketable securities purchased by the City shall be held in third party safekeeping by
an institution designated as primary agent. All securities will be delivered to the third party
institution by seller. Personnel in the third party institution will verify the correctsecurity was
delivered by the seller ("delivery vs payment"). The third party institution shall issue a
safekeeping receipt to the City listing the specific instrument, rate/yield, maturity, CUSIP,
and other pertinent information. Collateral on deposit type securities which exceed the
FDIC coverage shall be held in a third party safekeeping institution. In the event a third
party safekeeping institution is used, a collateral agreement shall be executed between the
City Council, depository which pledged the collateral, and the third party custodian of the
collateral. The City will retain possession of all original safekeeping receipts and the
receipts will state the security is pledged to the City. Either the City Manager or the
Finance Director must approve release of collateral in writing prior to its removal from the
safekeeping account.
Collateral Securities for Certificates of Deposit and Demand Accounts
The City will accept as collateral for its Certificates of Deposit and demand accounts the
following securities:
A. FDIC coverage
B. U.S. Treasury bills, notes and bonds
C. United States Agency and instrumentalities bills or notes
D. GNMA mortgage backed fully modified pass through securities
E. Texas state, city county or school bonds with a remaining maturity of seven years
or less and a rating of "A" or better by Moody's, Fitch ICBA, and Standard and
Poor's.
F. Surety Bond
Collateral shall be "marked to market" monthly by the Finance Director. The following
percentages constitute the minimum market value for collateral instruments that are
pledged for the City's Certificates of Deposit and demand deposits.
Form of Collateral Pledged Collateral
Ratio
1. U.S. Treasury bills, notes, and bonds
a. maturing within 1 year
b. maturing in 1-5 years
c. maturing in more than 5 years
102%
105%
110%
2. Actively traded U.S. Government Agency securities
a. maturing in less than 1 year
b. maturing in 1-5 years
c. maturing in more than 5 years
103%
107%
115%
3. GNMA mortgage pass through securities
115%
4. Entities in the State of Texas bonds
General Obligation Bonds
a. maturing in less than 1 year
b. maturing in 1-5 years
c. maturing in more than 5 years
102%
105%
107%
Revenue Bonds
a. maturing in less than 1 year
b. maturing in 1-5 years
c. maturing in more than 5 years
105%
110%
115%
Collateral shall be audited annually be the City's independent auditor and may be audited
by the City at anytime during normal business hours of the safekeeping bank.
Arbitrage
The Tax Reform Act of 1986 places limitations on the City's yield from investing certain tax-
exempt bond proceeds, debt service funds and reserve funds. The rebate provisions
require that the City compute earnings on investments from certain issues of bonds on a
periodic basis to determine if rebate is required.
To determine the City's arbitrage position, the City is required to calculate the actual yield
earned on the investment of the funds and compare it to the yield that would have been
earned if the funds had been invested at a rate equal to the yield on the applicable bonds
sold by the City. The rebate provisions state that periodically (not less than once every five
years and not later than sixty days after maturity of the bonds), the City is required to pay
the United States Treasury a rebate of any excess earnings. These restrictions require
extreme precision in the monitoring and record keeping of investments, particularly in
computing yields to ensure compliance. Failure to comply can dictate that the bonds
become taxable, retroactively from the date of issuance.
The investment strategy for bond funds which fall under the arbitrage provisions ofthe Tax
Reform Act of 1986, is that the City will attempt to earn maximum allowable bond yield with
market conditions permitting.
Reporting Requirements
The Finance Director shall issue a written report quarterly to the City Council concerning
the City's investment transactions for the preceding quarter and describing in detail the
investment position of the City as of the end of the quarter indicating the market values of
all investments held during the quarter. The report shall list for each investment held
during the quarter: the purchase price of the investment, the par value of the investment,
the market value of the investment at the beginning of the quarter, market value of the
investment at the end of the quarter, the market change from the beginning until the end of
the quarter, and fully accrued interest for the period. This report shall be in compliance
with provisions of the Public Funds Investment Act, as amended. The report shall be
signed by the City Manager and Finance Director.
Training Requirements
Both the Finance Director and Assistant to the Finance Director shall complete ten hours of
training every two years as required by the Public Funds Investment Act. This training may
be obtained from the following sources: North Central Texas Council of Governments,
Government Treasurer's Organization of Texas, Government Finance Officer's of Texas, or
Texas Municipal League. The training must include education in investment controls,
security risks, strategy risks, market risks, and any other topics as required by the Public
Funds Investment Act.
cilr Of
~
CITY COUNCIL (Q~~~nce AGENDA BRIEFING
it.~:<,,$
MEETING DATE: 04/18/06 CITY MANAGER I
ITEM # : 4c DEPARTMENT HEAD
RESOLUTION # : R-06-2689 FINANCE REVIEW i
Previous Action: NIA
DEPARTMENT: FINANCE
SUBJECT: Authorize the City Manager to proceed with the
acceptance of the Public Utility Commission of
Texas 2006 Consumer Price Index adjustment to
municipal telecommunications right-of-way access
line rates - by Consent.
Reading and Public Hearing
Telecommunication carriers compensate the City for use of the public right- of-way through
access line charges. These charges are billed monthly to residential, commercial, and point-
to-point customers and are remitted quarterly to the City by the telecommunications carriers.
The Public Utilities Commission (PUC) determined the original access rates, pursuant to
Chapter 283 of the Local Government Code in 2000, the access rates replaced franchise fees
formerly paid by telecommunications carriers. By law, the PUC is required to adjust rates to
one-half the annual change in the Consumer Price Index. For 2006, the adjustment is 1.8%,
which increases the monthly line access rate as follows: residential - $.78 to $.80, commercial
- $2.27 to $2.32, point-to-point - $2.27 to $2.32 (see attached information from the PUC). For
example, a Colleyville residence that utilizes three phone lines will be charged an additional
$0.06 per month ($0.02 per line, per month). A Colleyville commercial business that utilizes
ten phone lines will be charged an additional $0.50 per month ($0.05 per line, per month).
Cities can approve this adjustment of the rates or take no action and the new rates will be
implemented. Cities can also deny the increase and the rate will remain unchanged.
Financial Impact
Line access fee revenue (franchise fee) will increase by 1.8% for FY 2007.
Recommendation
Approval
Attachment
. PUC Order setting CPI-adjusted maximum access line rates for year 2006
Public Utility Commission of Texas
1701 N. Congress Ave., PO Box 13326, Austin, TX 78711-3326
2006 CONSUMER PRICE INDEX ADJUSTMENT TO MUNICIPAL
TELECOMMUNICATIONS RIGHT-OF-WAY ACCESS LINE RATES
March 14, 2006
PURPOSE
This letter is to notify you that your city's 2005 maximum access line rates have increased by 1.8% due to
inflation, also known as CPI. This adjustment has been made pursuant to Chapter 283 of the Local
Government Code (House Bill 1777)
DEFAULT RATES FOR 2006: INCREASE
Based on the choices made by your city in April 2005, your city's 2006 rate will be adjusted for
inflation, or will remain the same as your 2005 rate. According to our records, when similar CPI
adjustments were made in April 2005, your city chose the MAXIMUM allowable CPI-adjusted rates.
Therefore, your 2006 rates will reflect an increase of 1.8% from your 2005 rates. You have the option
to decline this increase in rates by taking the action explained below.
ACTION BY CITY: TO REFUSE THE INCREASE
(1) You do not have to respond to accept the increased access line rates. (2) Respond ONLY if you want
to DECLINE the increase in access line rates. (3) To decline, notify the PUC using page 2 of this letter
no later than April 30. (4) The PUC does not require City council authorization; however, if your city
charter requires it, please do so immediately. (5) Verify your contact information and highlight any
changes. (6) Make a copy of this document.
WHA T HAPPENS IF A CITY DOES NOT RESPOND BY APRIL 30,2006.
If a city does not respond by April 30, 2006, the rates for your city will increase from 2005 levels.
The next opportunity to adjust your rates will be September I, 2006.
WHA T HAPPENS NEXT
The PUC will notify telephone companies of your desired rates and you will be compensated
accordingly no later than July 1,2006.
FUTURE REVISIONS TO CPI
The access line rates will be revised annually in March depending on whether the CPI changes for the
previous year. If the CPI changes for the year 2006, you will receive a similar letter in March 2007.
See over...
City of Colleyville
. Section 1: Your 2()()5 city preferred rates are asfollows:
Residentwl
$0.78 NOIl_.Residential
$2.27 Point-to-Point
$2.27
Section 2: Your default rates for 2006 is as follows. Note: This is higher thall 2005 rates due to
ifl;{latioll adjustment.
Residential
$0.80
Non_ResUlential ______~~~:._ Pointjo-poillt
$2.32
To decline your default increase in rates, notify the PUC by completing the section below. You can
mail or fax this page to the PUC. To accept rates in Section 2, no action is required.
I , Title . am an authorized representative for
the City/Town/Village of . The City declines to accept the default rates
indicated in Section 2 above. Instead, we choose the following rates: Residential
Non-Residential Poincto_Point
Date:
Signature:
IOthe' Comments'
HOW'TO RESPOND
Mail: Garnet Elkins
Public Utility Commission of Texas
1701 North Congress Avenue
P.O. Box 13326,
Austin, Texas 78711
INQUIRIES
Inquiries only. Not for sending your response.
HB 1777@puc.state.tx.us
Phone No: 512- 936-7322
OR FAX TO Garnet Elkins at: (512) 936-7328
CITY CONTACT INFORMATION
Please notify us if the contact information we have on file for your city has changed. Thank you.
Phone No. 8175777575
Phone No.2
Fax No: 8175777555
Email: _leaket@d.col~\Ie.tx.~____
Address
Terry Leake Finance Director
or current city official responsible for right-of-way issues
City of Colleyville
P. O. Box 185
Colleyville
TX 76034
CITY COUNCIL
CilY O{
CCe", AGENDA BRIEFING
'T(.~:o: ::\$
MEETING DATE:
ITEM#:
RESOLUTION #:
04/18/06
4d
R-06-2689
CITY MANAGER I
DEPARTMENT HEAD i
i
FINANCE REVIEW I
NIA
Previous Action: None
DEPARTMENT: PARKS AND RECREATION
SUBJECT : Approval of a donation of trees and irrigation system
from David Bagwell Company - by Consent
Reading and Public Hearing
The David Bagwell Company proposes to donate to the City of Colleyville, forty - (40) trees
and a drip irrigation system. The trees to be planted in McPherson Park and the right-of-way
include red oak, American elm, white oak, ash, hickory, redbud and Eve's Necklace. With the
exception of the hickory, red oak and Eve's Necklace, each of the trees are on the Texas
Forest Service Street Tree Inventory Recommendations for the City of Colleyville. The
minimum caliper of each of the species is three inches.
As part of the donation, David Bagwell Company will install a drip irrigation system to the trees,
by extending a temporary, three-year line that will utilize well water impounded in Whittier
Heights. Additionally, David Bagwell Company will provide tree maintenance and replacement
of the same or similar species of trees that die or suffer disfiguring damage through October
31,2009.
Financial Impact
The Finance Director has determined there is no financial impact.
Recommendation
Approval
Attachments
. City of Colleyville Donation Policy
. Letter from David Bagwell Company
. Map of area where trees will be planted
CITY OF COLLEVILLE
DONATION POLICY
The City of Colleyville encourages donations to the City in support of its programs, services,
collections and facilities, for the enhancement of Colleyville. The purpose of this donation
policy is to provide a consistent and uniform policy for donation to the City of Colleyville; and to
provide the donor knowledge of the policies under which the donation is given and accepted.
All boards, commissions, committees, and City Council shall comply with this policy. All
departments and employees of the City of Colleyville remain subject to the City of Colleyville
Personnel Policy and Procedures Manual, however employees and departments shall comply
with these policies.
In the event additional policies of the Colleyville Center, the Library, the Parks Department, or
any other City of Colleyville entity conflict with this City of Colleyville Donation Policy, this
policy shall take precedent and supersede the policies of those entities.
Donations from the Friends of the Library and the Library Foundation are exempt from this
policy. The Librarian will report donations to the City Council.
All donations shall be made to the City of Colleyville by use of the uniform City of Colleyville
Donation and Transfer of Title form. Specifications including plans, drawings, photographs, or
details pertinent to the donated item, including anticipated annual operating cost, shall be
attached as a part of the form. All spaces on the form shall be completed or noted if not
applicable.
Any special stipulations, including location and use of a donation, shall be established in the
Stipulation section of the Transfer of Title form. If no such stipulation is recorded on the form
or the addendum as a part of that section, the City shall have the right to use the donation as
determined by the City, free of encumbrances.
The City reserves the right to refuse a donation. The donor reserves the right to withdraw the
donation before formal acceptance by City Council.
In a multi-item donation, items may be accepted on an item-by-item basis.
Items donated for exhibit will be subject to a rotation of exhibit time in order to provide a variety
of exhibits, and to protect items adversely affected by exhibition. The City shall have the right
to determine times of exhibit. Proper preservation and care of donated item(s) shall be defined
under Stipulations if necessary.
The City of Colleyville shall not place a monetary value on a donated item; nor shall the City
issue a receipt or record a monetary value that has been determined by the donor.
Subsequent City insurance/accounting valuations necessary to meet standard city procedures
are separate and apart from the donation process.
When both the signature of the Donor and of the Mayor, representing the City Council's
approval, complete the Donation and Transfer of Title document, the donation becomes the
property of the City of Colleyville.
A copy of the completed Donation and Transfer of Title form shall be given to the Donor as the
donor's record of donation.
Donations of funds are welcome. The City shall expend those funds on materials, equipment
or projects acceptable to the donor if requested. Donated funds shall be deposited in donation
fund accounts when defined, and shall not be intermingled with the General Fund or donation
fund accounts of other departments, boards or committees.
Funds and services-in-kind provided to City of Colleyville sponsored events Celebrate
Colleyville and Colleyville Proud Clean Sweep shall comply with this policy in the form of a final
report.
Funds below $1,000 will be excluded from these policies.
Loans of items shall not be accepted by the City of Colleyville. Exceptions for special items or
events shall be evaluated by the City Council, and require approval by the City Council.
DAVID BAGWELL
COMPANY
April 10, 2006
Paul Frederiksen
Assistant City Manager
100 Main Street
Colleyville, TX 76034
Dear Paul:
Please accept this email and the more formal letter I will follow it with as our amendment to the
proposed contribution of planted trees along a portion of the western edge of McPherson Park,
whereby we are:
1) withdrawing our request for the City to set a water meter in order that we may irrigate the
trees for three years after planting~ instead we will extend a temporary (3 year) line for this
purpose that will utilize well water we impound in Whittier Heights and use for such purposes
throughout the development~ and
2) requesting authorization to begin planting immediately, notwithstanding that the City Council
has not yet had the opportunity to consider our offer.
Because many of the proposed trees are quite large, as nursery trees go, and have very recently
been dug in Georgia and Alabama and then shipped to Colleyville for this purpose, and because
the hot days of Texas Springtime are upon us, it is urgent that they be planted right away. Field
dug trees, of course, have had "major surgery" that reduced their vascular system. They need to
"convalesce" in the best possible environment in order to re-grow that vascular system, which is
their lifeline to moisture and nutrients, as soon as possible. This means getting them promptly
into their permanent home in the ground.
This has added importance to us, and ultimately to the City, since in our proposal we provide a
qualified guarantee of the viability of the trees for three years. Waiting to plant these newly dug
trees until the City Council can consider our offer would severely affect their viability and raise
our risk of replacement to an unacceptable level.
Therefore, with the representation from us that we will promptly remove any trees (potentially
all of them) that the City Council declines to accept at its meeting April 18, we understand that
City Staff acquiesces to our request to begin planting these trees according to the plan that
MESA Design Group prepared and we presented for City Staffs review. We understand that,
except for coordination with the new trail construction planned just east of this planting area,
City Staff accepts the locations shown on the MESA plan, as further explained by wooden stakes
COMMUNITY DEVELOPMENT
8222 DOUGLAS AVENUE
SUITE 605
DALLAS, TEXAS 75225
214 368-7711
METRO 817 540-5500
FAX 214 368-7740
we had set in the ground and City Staff evaluated. To coordinate the locations we have proposed
with the new trail construction planned just east of this planting area, our landscape
superintendent Taylor Steele will be meeting a representative of the City's park consultant at the
site tomorrow, and we will adjust the tree planting locations as directed by that consultant.
Please let me know if any further information is needed in this regard.
Thank you for the time you have committed to resolving this matter. As some sage once
observed, the best time to plant a tree was 20 years ago, and the second best time is today. We
will be heeding that advice tomorrow, but sooner than 20 years the citizens of Colleyville will
enjoy what we've been able to work out through this excellent example of public and private
cooperation that you have fostered.
\
Encls.
Tree donation subject area
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McDonwell School Road
McPherson Park Master Plan
~
'~ EB II
City of Colleyville, Texas
August 8, 2002
CITY COUNCIL
~'" AGENDA BRIEFING
IC'X~S
,
,
FINANCE REVIEW I
MEETING DATE: i
ITEM #: I
ORDINANCE #: I
04/18/06
5
0-06-1570
CITY MANAGER I
I
DEPARTMENT HEAD I
N.A.
Previous Action: 04/04/06
DEPARTMENT: COMMUNITY DEVELOPMENT
SUBJECT: Approval of a Zoning Change from AG-Agricultural
to R40-Single Family Residential on 3.16 acres out
of the T. White Survey located at 6208 L.D. Lockett
Road, Case Z -06-004
Second Reading and Public Hearing
First Reading and Public Hearing
Rachel Whittlesey is the owner of 3.16 acres of land located on the north side of L.D. Lockett
Road, on the east side of White Drive. The property is currently zoned AG-Agricultural. The
property owner is requesting the property be rezoned to R40-Single Family Residential to allow
development of the property into a two lot subdivision. The Planning and Zoning Commission
considered this request at the March 13, 2006 meeting and recommended approval by a
unanimous vote. Staff mailed notices to nine adjacent property owners regarding this request.
No correspondence has been received regarding this request.
Request. Rezone from AG-Agricultural to R40-Single Family Residential.
Proposed Use. The property is not platted. There is an existing single family dwelling on the
property. The property owner has indicated plans to subsequently plat the property into two
lots upon approval of the rezoning request.
Lot Sizes. The developer has submitted a conceptual layout of the property showing a
potential lot configuration. The proposed lots, as shown on the zoning exhibit, meet the lot area
and lot depth requirements of the R40 zoning district. The R40 zoning district requires a
minimum lot area of 40,000 square feet and lot depth of 150-feet. However, the R40 zoning
district requires 150-feet of lot frontage. At the time of platting, the property will only have 221
feet of frontage along L.D. Lockett Road, which is not sufficient to allow the subdivision of the
property into two lots that conform to the R40 zoning district standards.
The conceptual layout of the property shows two residential lots. Lot 2 exceeds the R40 lot
frontage requirement. Lot 1 has a lot frontage width of 30 feet, which is 120-feet less than the
minimum 150-foot requirement. In addition, Lot 1 will be classified as a "flag lot" and approval
of a subsequent plat of the property will require approval of a waiver of this regulation at the
time of platting. The property owner has been renovating the existing residence on the
property and intends to ultimately construct their new home on what will become Lot 1.
Agenda Briefing
Ordinance 0-06-1570
Page 2 of 3
The applicant will be requesting waivers of the lot frontage requirement and flag lot provision at
. time of platting. Approval of the rezoning request does not constitute approval of the proposed
lot layout. Upon approval of the rezoning request, plat approval of a two lot subdivision is only
required by the Planning and Zoning Commission.
Master Plan. The Colleyville Master Plan contains as a goal to "preserve the superior quality
of Colleyville's residential neighborhoods". This request appears to be consistent with the
following goals and objectives of the Master Plan:
. Continue development of luxury residential areas while maintaining the "country feel"
along major collector streets.
. Preserve larger lot sizes, i.e., 30,000 sq. ft. and up, and promote the redevelopment or
combination of smaller lots into larger estate lots.
. Encourage large single lot development on major thoroughfares as "estate" properties.
Surrounding Development Trends. The surrounding properties are primarily single family
residential in nature. Properties to the south, north and west are zoned AG- Agricultural and
are currently developed as single family residences. The properties to the east are zoned
R30-Single Family Residential, and consist of single family residences.
Sidewalks and Trails. The Land Development Code requires sidewalks along all public
streets.
Traffic Generation. The Institute of Transportation Engineers publication Trip Generation
provides estimates of expected traffic generation based on land use. Data has been collected
in the United States and Canada since the 1960's, primarily in suburban locations. Single-
family residences are expected to generate 9.57 trips per day, on average.
Public Notification. Staff mailed notices to nine adjacent property owners regarding this
request. Notice was published in the Fort Worth Star-Telegram as required by state law and
the Land Development Code. No correspondence has been received regarding this request.
Planning and Zoning Commission Recommendation. The Planning and Zoning
Commission considered this request at the March 13, 2006 meeting and recommended
approval by a unanimous vote.
Financial Impact
None
Agenda Briefing
Ordinance 0-06-1570
Page 3 of 3
Recommendation
Approval
Attachments
. Location and Zoning Map
. Zoning Exhibit with Proposed Lot Layout
. List of Property Owners Notified
. Ordinance 0-06-1570
Location and Zoning Map
u
NORTH
SITE
6200
Zoning Exhibit with Proposed Lot Layout
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~~dOe--flOt.....ltl'.. ..,-Aood
.zon.-Ai!~~bN.m...'~by
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Field Note Description
ALL dlatccrtain tnClorpera;t of land sifUaicd in tbeJOSEPHWU}TE SURVEY.
ABSTMcr NO.t692luthe City of('01leyo.l1le. TarramCounty, Texas and ~
tbJt $&me ttw.ctoflanddescnbcd Q1lhcdced to Scott BurnCttlDdRachd Whittlesev
u ~.in DOcumcnt~_D2Q6001779..Detd,~'TlUfI;nf_County. Tew!'
and'bring UlOI'C puricuJarly dc:scribed by-mea-md bowuIsas.fb1lows:
BEGINNING a.. 112 inclH:::appelhteeh~ht.lm(Xd.O&ACO'NSUL T" funnd fur
~~~:~:::=~ct.:~~=~;::Lot
County.TcxllS IllXOCdinato chci ph! ~ in CAbiUa1l;SIide ll04. Plat RCICOf"ds.
Tarram: Coonty.,Thxu~
nmNCE Soutb 02lkgreei.-4 minuIes 00 stC<JOdsEaSt with tbeeasterly bouoouy
HneofWd 8tim.eutnlOl'~wid1tbc_~y~,liM,olsaid BkX:k I (the
basis ofbcarlngs of1M~desaibeduad), p&Uins:at 689;69,reet a '518 men
cappcd.lfeel tod~ -DOWDY", C<M1d lOrlheSOlllhweu eomer of said Block 1
~~.lOIU dislal.1ce of709,9'feet fO . III inch Qlippcdm:c:liod,1ampeCi
"MO....x SURV fNC' tct ror,~~~otstid BUruen ~ said i\"ld
being in'cbe;aarthwatcrlyrighklf~ylineO(L. D. Lockeu:Road(Coomy Row;t
No. 3031);
nIENC6~h "1_:~ 204miauteS 32 secdndi West willi the souchcrly
00undlwy lincofSlwBumctI bact-tnli ~ ,lillid rigJlt"Of-w.y line a dlsta.ftce of
25L81 kt:t to. 112:inc:h~~rodUamped"MOAKSURV lNC'set for Ibe
fIQI.lthwm eomer o(said-BumeU tr1ICt,
rnENCE NQftb 00 ~03 mUiute& 165eeMds East wi~ thtwesterly-boundary
litl.e of W4 &rnctt tItCt'.pasioe&t~.66 feru steel m1 fouNl atId OOllrinuinga
toW dis:iaooe or417.66 fccfro. 111 incb Ld. steel pipe fulnw:lfuranuj:lc: pomtof
sn.idBunwtt.tn\ct.;
THENCE NonhOO 4egrt'tS Q8'miDUks,11 ~ WC$t.-CQi::J1inuing withmd
wesk1'ly boundaryl.ine. distance of 464,00 feet to .. t/i inch stecl. rod found foe the
northWest eontCJ". of said Bumcil tC8('.t;
TIIENCE South 8l)dcp:iei 21 minutes 08 uronds Eastwilblhe~)' 00undary
line of uid Bumen uacia dilStatlcc of 158.<47 f~ to the PLACE OF BOO1Nl'o'ING
and cootIinine 3.IMI'.m!$ ot tind. mare or leu as IiUfVt")'ed by Moak Sw:veyots,
tnc. in tbB month oCP-ebraAty 3006
...r. ...*.. ...
A Zoning Exhibilshowing
3.1601 ACRES OF LAND
OUIOF TlIE
JOSEPH WHITESURVEY,ABSTRACTN91692
srrtJATEPJNTlIE CITY OF
COLLEYVILLE,TARRANT COUNTY, TEXAS
(51rt FIELD NOTE DUel/llTtON)
..,. .. *... .....
REQUESllNG A Z~ CHANGE FROt.l N3 TO R-40
llknby certify that 1his plat is an.murR ~tionofaDaewal. SUl'\'f:Y made.oo We ground thi5
dafeUDdec-my supc:rvi5ion ofibc ~edocribed net and1he bcMmdaryliaes, comer$ and d~
shoWn are as NrAtr:dand ~at thit $Ur\'ey eonforms witbtheProfe<<sionalaad Techoicat Standards of
theTaas BOlUd of~ll.snd Surveym8..Ptact:iceS Act:reviu:d in Sqnember of 1005
Jason B. Rawlings. R.P .LS. No. 5665
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SErcNoPm.STEa:ROO
CRQ88 CUT.1rt CONC'AETE
1'Ol.N)$1'I!ILf'ft
FOUND IK)CSO'NIIC srMa
0M:RfEN) UftJTY UE
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List of Property Owners Notified
Rachel Whittlesey
6208 LD Lockett Rd.
Colleyville, TX 76034
Darrow, Kenneth R Etux Cheryl
PO Box 1806
Colleyville, TX 76034
Garrison, Daniel A
6401 Westcoat Dr.
Colleyville, TX 76034
Haenke, Richard F & Margarita
6408 Cutter Ridge Ct.
Colleyville, TX 76034
Lykins, Debbie
6204 LD Lockett Rd.
Colleyville, TX 76034
Markwood, Stacy Etvir Brian
6212 LD Lockett Rd.
Colleyville, TX 76034
Doody, Kevin
1109 Somerset Blvd.
Colleyville, TX 76034
Kramer, Paul Etux Rebecca
312 White Dr.
Colleyville, TX 76034
Pruett, Rebecca J.
6208 LD Lockett Rd.
Colleyville, TX 76034
ORDINANCE 0-06-1570
AN ORDINANCE OF THE CITY OF COLLEYVILLE, TEXAS, AMENDING THE
COMPREHENSIVE ZONING ORDINANCE OF THE CITY OF COLLEYVILLE, TEXAS,
AS HERETOFORE AMENDED; BY AMENDING THE OFFICIAL ZONING MAP AND
CHANGING THE ZONING ON 3.16 ACRES OUT OF THE T. WHITE SURVEY
LOCATED AT 6208 L.D. LOCKETT ROAD, FROM THE AG-AGRICULTURAL TO
R40- SINGLE FAMILY RESIDENTIAL DISTRICT; PROVIDING A SAVINGS CLAUSE;
PROVIDING FOR INJUNCTIVE RELIEF; PROVIDING A SEVERABILITY CLAUSE;
PROVIDING FOR A PENALTY OF FINE NOT TO EXCEED TWO THOUSAND
DOLLARS ($2,000.00); AND PROVIDING AN EFFECTIVE DATE
WHEREAS, an application for a zoning change was filed by Rachel Whittlesey on
February 13, 2006, under Case No. Z-06-004; and
WHEREAS, the City of Colleyville deems it necessary, for the purpose of promoting the
health, safety, morals, or general welfare of the City to enact a new zoning
ordinance; and
WHEREAS, the City Council has appointed a Planning and Zoning Commission to
recommend the boundaries of the various original zoning districts and
appropriate regulations be enforced therein and to recommend a new
zoning ordinance; and
WHEREAS, the Planning and Zoning Commission has divided the City into districts
and has prepared regulations pertaining to such districts in accordance
with a comprehensive plan and designed to lessen congestion in the
streets; to secure safety from fire, panic, and other dangers; to promote
health, general welfare; to provide adequate light and air; to prevent the
overcrowding of land; to avoid undue concentration of population; to
facilitate the adequate provision of transportation, water, sewerage,
schools, parks, and other public requirements; and
WHEREAS, the Planning and Zoning Commission, has given reasonable consideration
to, among other things, the character of the districts and their peculiar
suitability for particular uses, with a view to conserving the value of
buildings and encouraging the most appropriate use of land throughout
the City; and
WHEREAS, the Planning and Zoning Commission of the City of Colleyville and the City
of Colleyville City Council, in compliance with the Charter of the City of
Colleyville, and State Law with reference to changes to zoning
classifications under the Zoning Ordinance Regulations and Zoning Map,
having given the requisite notices by publication and otherwise, and after
holding due hearings and affording a full and fair hearing to all the
property owners generally, and to the persons interested and situated in
Ordinance 0-06-1570
Page 2 of 3
the affected area and in the vicinity thereof, the governing body of the City
of Colleyville is of the opinion that said change in zoning should be made.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
Sec. 2.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Sec. 7.
THAT all the foregoing premises and findings are found to be true
and correct and are incorporated into the body of this ordinance as if
copied in their entirety.
THAT the Comprehensive Zoning Ordinance of the City of
Colleyville, Texas, be, and the same is hereby amended by changing
the zoning of said property from the AG-Agricultural zoning district to
the R40-Single Family Residential zoning district, as depicted in the
attached Exhibit "A" and described in Exhibit "B".
THAT the above described tract of land shall be used only in the
manner and for the purposes provided by the Comprehensive Zoning
Ordinance of the City of Colleyville as heretofore amended, and as
amended herein.
THAT any person, firm or corporation violating any of the provisions
or terms of this ordinance shall be subject to the same penalty as
provided for in the Comprehensive Zoning Ordinance of the City of
Colleyville, and upon conviction shall be punishable by a fine not to
exceed the sum of Two Thousand Dollars ($2,000.00) for each
offense.
THAT if any section, paragraph, subdivision, clause, phrase or
provision of this ordinance shall be judged invalid or unconstitutional,
the same shall not affect the validity of this ordinance as a whole or
any portion thereof other than that portion so decided to be invalid or
unconstitutional.
THAT in addition to and accumulative of all other penalties, the City
shall have the right to seek injunctive relief for any and all violations
of this ordinance.
THAT it has been found that there has been a change in conditions
in the above described property, it is now necessary that it be given
the above zoning classification in order to permit its proper
development and in order to protect the public interest, comfort and
general welfare, and requires that this ordinance shall take effect
immediately from and after its passage.
Ordinance 0-06-1570
Page 3 of 3
AND IT IS SO ORDERED.
The first reading and public hearing being conducted on the
2006.
day of
The second reading and public hearing being conducted on the
2006.
day of
ATTEST:
CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
David Kelly
Mayor
APPROVED AS TO FORM AND LEGALITY:
Matthew C. G. Boyle
City Attorney
EXHIBIT "A"
SITE
EXHIBIT "B"
'THENCE North 00 degrees 03 mtomes 26 'JeCOBds ,Hut with the
line ofaid~ ~ 'pmmg at 69.66 feet ."Iailib.
~~of 41;1~66 r_to Ii tn loch i.~ steetpiWfomtd fora'
88hi Bdirutt ttac~
THBNCBNordl OO~()8 IIlmUtes 1,1 se~ w., Gm~ wilb:a$d
w~tIaWldagJ_a ~of:.f64.()OlMttl1 a 1;\2 itdJ ~ red f~fortbe
oorthw-t c:omer ~.idJI\1tnllt tt'IlICI; ,
nmNCE8DfAhfi~21 ~O$~"'_wiIl*
lir.teof_~'~a~ ttflSa4"
aptt' 1ftn'~ GfJlmd, mMeet 1_ as
-^_", - - - _: _.- -. ''_.' - ,,,:,:,,. ,_ ,,',H_' _, _ _ .
me!. m_ ,ofFtbnllfy 2tla6.
. ftECEtvED
FaJ13/BIC
--",-_ft~
CITY COUNCIL
cc@na
Il~X~S
AGENDA BRIEFING
MEETING DATE:
ITEM#:
RESOLUTION # :
04/18/06
6
R-06-2690
CITY MANAGER
j
DEPARTMENT HEAD i
i
FINANCE REVIEW i
Previous Action: N/A
DEPARTMENT: FINANCE
SUBJECT: Approval of Authorizing the City Manager to support
and proceed with Cities Aggregation Power Project's
(CAPP) efforts to contract for long term capacity with
the owner of generation to supply the electric power
needs of CAPP members.
Reading and Public Hearing
Cities Aggregation Power Project (CAPP) is a political subdivision corporation authorized by
the Local Government Code. Since its inception in 2001, CAPP has aggregated the electric
load of all member political subdivisions to contract for power on behalf of all members. This
resolution provides for the City of Colleyville to participate in further discussions and studies
without financial obligation.
Colleyville has been a member of CAPP since May 2001. Since the deregulation of the Texas
electric retail market January 1, 2002, CAPP has delivered on average more than 20% savings
per year when measured against prices the City would have paid if the City had stayed on the
regulated Price-to-Beat (PTB) offered by incumbent utilities through affiliated retail electric
providers.
Without a proactive stand to secure sources of power that are not exclusively dependent upon
natural gas as the means for establishing price, the City may expect adjustments in its electric
bills over the next few years. If the City desires some electric price stability and predictability, it
may be necessary to fix a price for a significant portion of the electric load over a long period
(10 years).
As CAPP has gained more experience in the deregulated electric market, the CAPP Board's
mission has evolved beyond annually securing the most favorable energy pricing available in
the market. CAPP is now taking proactive steps to both lower and stabilize prices for member
political subdivisions who must prepare annual budgets and who need predictability regarding
costs of essential services like electricity in that budget process.
For more than two years, the CAPP Board has investigated potential long term contracting
options that would free CAPP contracts from the lock-step increases of natural gas-fired
generation. The general structure of potential projects would fix a stable price for
approximately one-half of CAPP's total energy need over a 10-year period. The remaining
portion of member energy needs would continue to be met through shorter term supply
contracts, like the ones that CAPP has used the past four years. This supply blend should add
to both stability and savings for CAPP members.
Agenda Briefing
Resolution R-06-2690
Page 2 of 3
The long-term (10 year) commitment would involve contracting for the output of a base load
facility, and pre-paying the capacity costs associated with that facility. Experienced bond
counsel advised CAPP regarding an appropriate financial structure that would permit CAPP to
prepay the capacity portion of any potential energy contract. The Chief of the Public Finance
Division of the Office of the Attorney General approved CAPP's proposed structure last
summer.
To be part of the long-term contract proposal, the CAPP Board of Directors has required CAPP
members pass a resolution that only states that CAPP members are interested in participating
in a long-term power supply contract. It is a non-binding resolution and the City can chose, at
any time, to withdraw if so desired. Resolution approval by member cities provides CAPP the
ability to give definite load capacities, peak period usage, pricing, and other variables to power
providers. At this time, CAPP has not received any firm offers for a long-term supply contract.
Even though CAPP has not received any firm offers for a long-term supply contract, the
proposed financing has already been approved by the Attorney General's Office. The finance
structure is as follows. CAPP would issue general revenue bonds with the bond proceeds
used to pre-pay the 1 O-year capacity commitment on behalf of members. The bonds would be
backed by contracts between CAPP and individual CAPP member cities that would commit to
purchase their electric needs from CAPP for the duration of the capacity commitment. The
individual contracts would be comprised of two components: 1) a variable expense portion
associated with each member's share of the electric energy received, including a fuel cost, and
2) a fixed capacity expense that equals the annual principal payments corresponding to the
percentage of the capital cost of the electric generation facility for which the member is
responsible. The variable energy expense portion would be paid by each member as a
budgeted expense subject to annual appropriation. The fixed capacity component would
constitute long-term, general obligation tax debt of each respective member. This means that
the fixed capacity portion of the contract would be secured by a pledge of the member's ad
valorem taxes. The CAPP Board has approved an exception to the financial structure for
members that wish to avoid undertaking a general obligation tax debt and are financially able.
The exception allows members to either bring sufficient revenues to pre-pay the capacity
portion associated with the member's particular requirements or to arrange with CAPP's
financial advisor to base their capacity pre-payment pledge on annual appropriations.
There are eighty-six CAPP members. As of April 3, 2006, seventy-five CAPP members have
approved resolutions endorsing CAPP's efforts to contract for long term capacity. Seven
additional CAPP members are considering the resolution during the month of April. A list of
CAPP cities is attached and indicates any action to date. No member city has voted to reject
the resolution.
The CAPP Board decided on Thursday, April 6, 2006 to extend the previous deadline of April
30,2006 to May 30,2006 in order to accommodate additional CAPP member cities. If a CAPP
Agenda Briefing
Resolution R-06-2690
Page 3 of 3
member has not approved the resolution by May 30,2006, the member will not be guaranteed
inclusion in future long term capacity contracts. Members failing to approve the resolution will
still be CAPP members, but may not have access to lower priced long term capacity as
identified through this work program.
Financial Impact
When each CAPP member remits their electricity bill each month, Direct Energy (retail electric
provider for CAPP) remits a portion of the payment to CAPP for an aggregation fee based
upon kilowaWhour multiplied by mills rate. In 2005, Direct Energy remitted on behalf of the
City approximately $7,358 to CAPP as an aggregation fee based on a 1.5 Mills rate. The
member cities' aggregation fees are the anticipated funding source for the study. At this time,
there is no additional financial impact to the City to participate. The CAPP Board of Directors
is currently reviewing proposals and negotiating with McCall, Parkhurst, and Horton to serve as
the bond counsel and First Southwest to serve as the financial advisor.
Recommendation
Staff recommends approving the attached resolution. Adoption of this resolution does not
obligate the City contractually at this time. The City will have an opportunity to review and
approve or reject a contractual agreement with CAPP once a contract is negotiated.
Attachments
. CAPP Members and Long Term Power Contract Resolution Status
. Resolution R-06-2690
CAPP MEMBERS AND LONG TERM POWER CONTRACT RESOLUTION STATUS
TAB CITY RESOLUTION CONSIDERATION
PASSAGE DATE SCHEDULED DATE
1 City of Abilene 09/22/05
2 City of Addison 12/13/05
3 City of Allen 09/27/05
4 City of Arlington 10/11/05
5 City of Bellmead 11/22/05
6 City of Belton 11/22/05
7 City of Benbrook 12/1/05
8 Benbrook Library District 12/05/05
9 Benbrook WSA 9/20/05
10 City of Brownwood 9/13/05
11 City of Burkburnett 09/12/05
12 City of Burleson 10/13/05
13 City of Carrollton 11/01/05
14 City of Cedar Hill 9/27/05
15 City of Cisco 11/14/05
16 City of Cleburne 12/13/05
17 City of Clyde 3/14/06
18 City of Colleyville 4/18/06
19 City of Colorado City 11/15/05
20 City of Comanche 9/12/05
21 City of Commerce 12/6/05
22 City of Crockett 10/03/05
23 City of Decatur 11/14/05
24 City of Denison 12/19/05
25 City of Dublin 11/14/05
26 City of Duncanville 09/20/05
27 City of Eastland 09/19/05
28 City of Edgecliff Village 3/9/06
29 City of Euless 11/22/05
30 City of Everman 09/13/05
31 City of Flower Mound 9/19/05
32 City of Forest Hill 12/6/05
33 City of Fort Stockton 11/22/05
34 City of Frisco
35 City of Gainesville 10/18/05
36 City of Grand Prairie 4/11/06
TAB CITY RESOLUTION CONSIDERATION
PASSAGE DATE SCHEDULED DATE
37 City of Hamilton 219/06
38 City of Harker Heights 3/14/06
39 City of Haskell 3/27/06
40 City of Heath 3/20/06 will fax
41 City of Henrietta 2/13/06
42 City of Highland Park 09/19/05
43 City of Hurst 4/11 or 4/25
44 City of Iowa Park 1/23/06
45 City of Irving 3/27/06
46 City of Kaufman 3/20/06
47 City of Kennedale 10/13/05
48 City of Killeen NOT ON AGENDA AS OF
3/21/06
49 City of Lamesa NOT INTERESTED
50 City of Lewisville 11/7/05
51 City of Lovelady 3/14/06
52 City of Mansfield 11/28/05
53 City of Merkel 3/27/06
54 City of Midlothian 9/27/05
55 City of Murphy 2/20/06
56 City of Nacogdoches 4/18/06
57 City of North Richland Hills
58 City of Odessa 09/27/05
59 City of Oak Point 3/20/06
60 City of Palestine 4/24106
61 City of pantego 3/13/06
62 City of Paris 12/12105
63 City of Piano 09/26/05
64 City of Red Oak 09/12105
65 City of Richland Hills 10/11/05
66 City of Robinson 09/13/05
67 City of Rockwall 12/5/05
68 City of Rotan 4/11106
69 City of Rowlett 11/1/05
70 City of Sachse 4/17/06
71 City of Saalnaw 1/3106
72 City of San Angelo
73 City of Sherman 09/19/05
74 City of Snyder 09/19/05
75 City of Sweetwater 1/10/06
TAB CITY RESOLUTION CONSIDERATION
PASSAGE DATE SCHEDULED DATE
76 City of Terrell 1/3/06
77 City of The Colony 10/03/05
78 Trophy Club MUD 01/12/06
79 City of Trophy Club 11/7/05
80 City of University Park 10/17/05
81 City of Vernon 09/27/05
82 City of Watauga 3/27/06
83 City of Waxahachie 09/19/05
84 West Central Texas 2/1/06
Municioal Water District
85 City of Wichita Falls 12/20/05
86 City of Woodway 09/12/05
RESOLUTION R-06-2690
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS AUTHORIZING THE CITY MANAGER TO SUPPORT AND PROCEED
WITH CITIES AGGREGATION POWER PROJECT'S (CAPP) EFFORTS TO
CONTRACT FOR LONG TERM CAPACITY WITH THE OWNER OF
GENERATION TO SUPPLY THE ELECTRIC POWER NEEDS OF CAPP
MEMBERS
WHEREAS, the City of Colleyville ("City") is a member of Cities Aggregation Power
Project, Inc. ("CAPP"); and
WHEREAS, CAPP desires to enter a capacity contract for a long term supply of power
to meet the City's base load electric needs (approximately 55% of the
City's total electric energy needs) for a fixed price that should provide
considerable economic benefit and greater price stability in comparison to
traditional energy contracts; and
WHEREAS, the Colleyville City Council deems the passage of this Resolution to be in
the best interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the efforts of the CAPP Board to secure capacity generated by
resources other than natural gas for the City of Colleyville's base load
electric capacity needs for a fixed price for a period not to exceed ten
years are hereby ratified.
Sec. 2.
THAT the City authorizes the City Manager to support and proceed with
CAPP's efforts to contract for long term capacity with the owner of
generation to supply the electric power needs of CAPP members,
pursuant to terms, conditions, and limitations consistent with the current
CAPP proposal.
AND IT IS SO RESOLVED.
PASSED BY A VOTE OF AYES,
ON THIS THE DAY OF
NAYS AND
2006.
ABSTENTIONS
ATTEST:
CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
David Kelly
Mayor
SPEAKER CA
Date: 4- () ~ 'l R/'Y'(}O,~
- - -
I wish to address the City Council on the following subject:
~ E-1O ----
Agenda Item Number: C- 1"""( I z-cA CO IJ)/J; c
.
Name: 0cetf iA-J ; ;J .5Ld VI / Address: c..'~( ;" DR
---
City: (},(j(Gv.d)~ . Telephone No. oil a-/ S-bro(.,
I represent: S;~f
organization/self
-
I understand that I am limited,fo five minutes and on items that are not designated
as Public Hearings, the CI i Co '. ell must "suspend the rules" in order to hear
public comments or questl ns.
Signed "'-
This information is a Public Record
SPEAKER CARD
Date
I wish to address the City Council on the following subject:
Agenda Item Number: 7
Name: JJ.'"41,e <; G (J i'l4t 1 At' Pt'reAddress:-Ei
City: 0:> / /i? Y V/ /1'( . Telephone No
I represent:
organization/self
I understand that I am limited to five minutes and on items that are not designated
as Public Hea ~gs, the City Council must "suspend the rules" In order to hear
public CQ ,s or qU~~~1W.
t / jJ
,n is a Public Record
COLLEYVILLE
TRAFFIC SAFETY ADVISORY COMMITTEE
MINUTES- January 9, 2006
1. CALL TO ORDER. The meeting of the Traffic Safety Advisory Committee was
called to order at 7:12pm in the courtroom of the Colleyville Justice Center at
5201 Riverwalk Drive. In attendance were:
Jody Short
Sue Kijowski
Bill Hodges
Councilman Rich Hendler-Council liaison
Tommy Ingram (Police ChieflCOC Staff Rep)
2. Approval of October 3, 2005 meeting minutes. Motion to accept by Bill Hodges,
seconded by Sue Kijowski and approved by unanimous committee vote.
3. Staff reported on:
. Staff reported on traffic signal installation delay at Hwy. 26 and Longwood. TxDot
denied the city of Colleyville's request to handle the bidding process, causing
additional delay.
4. Discussion Items:
A. Chairman Short discussed idea of a city roadside inventory/inspection. Council
Liaison Hendler suggested a smaller scale report with photos of examples of
roadside safety hazards. Motion made by Kijowski and seconded by Hodges for
Chairman Short to prepare a report with more information for the April 1 oth meeting.
Unanimous vote.
B. The committee discussed issue of rural mailboxes located along Hwy. 26 and the
hazards they pose. Recommendation made to include this information in the report
under item A.
5. Citizen Comments: No citizen comments were received
6. Adjournment: The TSAC meeting adjourned at 7:40pm
-lR- ~
APPROVED THIS \D DAY OF ' ',\
AYES, D NAYS AND '() ABSTE TIONS.
Minutes taken and prepared by:
Tommy C. Ingra
Chief of Police
2006, BY A VOTE OF 1
citY Of
ilC9
'Texas
PARKS AND RECREATION ADVISORY BOARD
MINUTES
Monday, March 6, 2006
6:30 p.m.
Pete Riis called the meeting to order at 6:31 p.m. on Monday, March 6, 2006 at the
future home of the Senior Center located at 2512 Glade Road.
ROLL CALL:
Councilperson Tom Hart, Councilperson Tony Licata, Connie
Hampton, Joe Ben Hassell, Nancy Coplen, Pat Horn, Pete
Riis, Sheryl Black, Steve Dalri and Vince Rosen
ABSENT:
Bob Leininger
STAFF:
Monica Walsh, Director of Parks and Recreation and Dixie
Smith, Administrative Secretary
1 . Call to Order
2. Approval of the February 6, 2006 Parks and Recreation Advisory Board Minutes
Steve Dalri moved to approve the February 6, 2006 Parks and Recreation Advisory
Board minutes. Pat Horn seconded the motion. The vote was unanimous.
3. Introduction of Parks and Recreation Advisory Board member appointed for the
term February 2006 - December 2006
Monica Walsh, Director of Parks and Recreation, introduced Joe Ben Hassell who was
appointed by the City Council to fill the vacancy for Place 1 on the Parks and Recreation
Advisory Board.
4. Appoint Parks and Recreation Advisory Board Chairman and Vice-Chairman
Vince Rosen moved to nominate Pat Horn as Chairman. Steve Dalri seconded the
motion. The vote was unanimous. Vince Rosen moved to nominate Pete Riis as Vice-
Chairman. Connie Hampton seconded the motion. The vote was unanimous.
Parks and Recreation Advisory Board Meeting
March 6, 2006
Page 2 of 2
5. Discussion and Consideration of Appointment of Representatives to serve on
Subcommittees
Connie Hampton and Vince Rosen volunteered to continue to serve on the Parkland
Dedication Committee. Connie Hampton and Pete Riis volunteered to continue to serve
on the Colleyville Tree Board and Joe Ben Hassell volunteered to fill the vacancy on
that Board. Steve Dalri and Pat Horn volunteered to serve on the Pleasant Run Master
Plan Committee.
6. Recreation, Athletics, Tennis and Seniors' Reports
Monica Walsh, Director of Parks and Recreation, provided an overview of the current
and proposed recreation programs and activities available to citizens of Colleyville and
surrounding areas.
7. Park Operations and Capital Improvement Status Reports
Monica Walsh, Director of Parks and Recreation, presented a status report on current
projects.
8 Adjournment
Vince Rosen moved to adjourn at 6:53 p.m. Joe Ben Hassell seconded the motion.
The vote was unanimous.
Respectfully submitted and approved:
;[)~~.~
Dixie S. Smith, Administrative Secretary
~
Texas
PLANNING AND ZONING COMMISSION
MEETING MINUTES - March 13, 2006
Commissioner Blassingame made motion to make Commissioner Dudziak the Chair due to the
absence of the Chair and Vice Chair. Approved by acclamation.
CALL TO ORDER
Chairman Dudziak called the meeting to order at 7:03 p.m.
ROLL CALL
Present: Commissioners, Robert McCormick, Mary
Taylor, John Blassingame and Dave Dudziak
Absent: Commissioners Denis Duffy, Jeff Byerly and
Thomas Bartkowski
Barry LeBaron, Chris Fuller, Amy Shelley and Jeff
Jones from staff were present.
INVOCATION
The invocation was given by Commissioner Dudziak
PLEDGE OF ALLEGIANCE
APPROVAL OF MINUTES
Commissioner Blassingame made the correction to add his name to the Roll Call on the
February 27, 2006 meeting minutes.
Commissioner Taylor moved to approve the February 27, 2006 meeting minutes with
the correction. Commissioner McCormick seconded.
The motion was approved by the following vote:
Aye: McCormick, Taylor, Blassingame and Dudziak
Nay: None
CITIZEN COMMENTS REGARDING ITEMS NOT ON THE AGENDA
None
PUBLIC HEARING AGENDA ITEMS
1. Case Z-06-003 - PUBLIC HEARING - Request for a zoning change
from AG-Agricultural to R20-Single Family Residential on 3 acres on Lot 1,
Block 1 of the Wilson Estates Addition located at 1304 Tinker Road
Chris Fuller presented the case and briefed the Commissioners.
Commissioner Dudziak opened the public hearing at 7:10 P.M.
Michael Dotti, 1304 Tinker Road, the applicant, came forward to present the case and
brief the Commissioners.
Commissioner Taylor questioned Mr. Dotti regarding what is the total acreage? Mr.
Planning & Zoning Commission
Minutes - March 13, 2006
Page 10'6
Dotti replied about 10 acres.
Commissioner Blassingame questioned Mr. Dotti regarding why the property does not
have the agricultural exemption? Mr. Dotti replied they want to have all of the property
platted as one piece. Nancy Dotti, the applicant, stated wanting to rezone the property
to be consistent with their adjacent property to plat as one lot.
There being no one wishing to speak, the public hearing was closed at 7:15 P.M.
Commissioner Blassingame questioned staff regarding the reason as to why all of the
property would have to be zoned under the same zoning district? Barry LeBaron replied
for consistency, the applicant wanted all one zoning. He stated at the time of platting,
there would be two different zoning districts and it would really need to be one zoning
district.
Commissioner Blassingame stated understanding the applicant's intent, however, in the
interim; this would open the door for an addition with smaller lot sizes.
Commissioner Taylor concurred with Commissioner Blassingame.
Barry LeBaron replied and empathized with the Commissioners, however, the
applicants own a large piece of land which is currently zoned R20 and could be broken
into smaller lots as long as the plat met all of the zoning requirements.
Commissioner Dudziak stated having the same concerns as fellow Commissioners.
Commissioner Dudziak questioned staff if the AG zoning district would be better for the
applicants? Commissioner Blassingame concurred or why did staff not encourage the
applicant to rezone the property to AG? Barry LeBaron replied these properties have
existing homes and to rezone to AG would not be consistent with the zoning district
regulations.
Commissioner Dudziak questioned the applicant if they would rather have R30 or R40
zoning instead? Mr. Dotti replied no. Commissioner Dudziak questioned Mr. Dotti if he
would consider rezoning his other property to R40? Mr. Dotti replied not knowing at this
time.
Commissioner Taylor stated a developer will be knocking on their door every week
because of the 10 acres zoned R20. Commissioner Taylor stated she would rather see
the property be zoned AG. Mrs. Dotti stated it really not being a big difference to them;
they just wanted their land to be consistent and understood the land could not go back
to the AG zoning. Barry LeBaron stated once property is zoned a residential zoning,
typically the property would not be rezoned to the AG zoning district.
Commissioner Blassingame questioned staff regarding if there are any issues as far as
platting for the R40 zoning district? Barry LeBaron replied not knowing at this time.
Commissioner McCormick questioned staff if the property would have to be reevaluated
by Tarrant County Appraisal District if the rezoning took place? Barry LeBaron replied
not knowing what Tarrant County's procedures are.
Commissioner Blassingame questioned Mr. Dotti if any of the properties are rental? Mr.
Dotti replied no, one of the homes is no longer there.
Planning & Zoning Commission
Minutes - March 13, 2006
Page 20f6
Commissioner Dudziak questioned Mr. Dotti regarding the size of 1308 Tinker? Mrs.
Dotti replied .67 acres.
Commissioner Taylor stated to Mr. Dotti the taxes would go up.
Commissioner Blassingame questioned staff if the properties could be replatted,
eliminating 1308 Tinker? Barry LeBaron replied yes or 1308 Tinker could be included
into a plat with the R20 zoning.
Commissioner McCormick stated the applicant could wait to let the full Planning and
Zoning Commission hear the request. Mr. Dotti stated needing more time to figure out
alternatives.
Commissioner Blassingame made motion to table case Z-06-003 to the next Planning
and Zoning Meeting on March 27, 2006. Commissioner McCormick seconded.
The motion to table was approved by the following vote:
Aye: McCormick, Taylor, Blassingame and Dudziak
Nay: None
2. Case Z-06-004 - PUBLIC HEARING - Request for a zoning change
from AG-Agricultural to R40-Single Family Residential on 3.16 acres out of
the T. White Survey located at 6208 L.D. Lockett Road
Chris Fuller presented the case and briefed the Commissioners.
Commissioner Dudziak opened the public hearing at 7:30 P.M.
Rachel Whittlesey, the applicant, came forward to present the case and brief the
Commissioners.
Commissioner Taylor questioned Mrs. Whittlesey if this will be an estate lot? Mrs.
Whittlesey replied yes.
Commissioner Dudziak questioned Mrs. Whittlesey if she intends to put in multiple lots?
Mrs. Whittlesey replied no.
There being no one wishing to speak, the public hearing was closed at 7:35 P.M.
Barry LeBaron stated this is a straight zoning case. If the applicant were to come
forward and want to subdivide, they could do so, as long as those lots met the zoning
district requirements.
Commissioner Dudziak asked the applicant to come forward and he explained the
voting procedures.
Commissioner Taylor made motion to approve case Z-06-004. Commissioner
McCormick seconded.
The motion was approved by the following vote:
Aye: McCormick, Taylor, Blassingame, Dudziak
Nay: None
Planning & Zoning Commission
Minutes - March 13, 2006
Page 3 of 6
3. Case Z-06-005 - PUBLIC HEARING - Request for a Special Use Permit
for an accessory building on Lot 3R1, Block 1 of the Pleasant Oaks Estates
Addition located at 601 Shelton Drive
Chris Fuller presented the case and briefed the Commissioners.
Jeff Vanderpool, the applicant, came forward to present the case and brief the
Commissioners.
Commissioner Dudziak opened the public hearing at 7:43 P.M.
Becky and Calvin Boydstun, 210 Gallant Court in Remington Park, spoke in favor of the
request.
Bill Stephens, 612 Shelton Drive, spoke in opposition of the request having concerns for
the size of the building.
Dinah Stephens, 612 Shelton Drive, spoke in opposition of the request having concerns
for the size of the building.
James Day, 805 Shelton Drive, spoke in opposition of the request.
Bill Lothrop, 609 Shelton Drive, stated not opposing to the size or the use of the
building, just not in this neighborhood, it looks more industrial for Highway 26.
Marcella Gleason, 600 Beverly Drive, spoke in opposition and stated the building is too
large for the area. It does not conform to the neighborhood.
Tim Gleason, 600 Beverly Drive, spoke in opposition to the request and stated the
building looks more commercial, especially with the extra driveway to the building.
Jeff Vanderpool came forward to speak and explain the intentions with the use of the
building.
Commissioner Blassingame questioned Mr. Vanderpool regarding the materials have
not changed from what was applied for in the past. Mr. Vanderpool stated he has a
barn this size in Colorado, and would like to have a place to store all of those items here
as well.
Commissioner Taylor stated having an issue with the second driveway off of Shelton.
Commissioner Taylor questioned Mr. Vanderpool if it would be possible to move the
building back and use the existing driveway? Mr. Vanderpool replied the driveway
would then be too narrow and it would be difficult to back a boat down to the storage.
Commissioner Dudziak stated having issues with the two driveways as well.
Commissioner Dudziak questioned Mr. Vanderpool if it could be redesign to make it
work with the area? Mr. Vanderpool stated having looked at a different design, possibly
with a circular driveway, however, because the builder placed the home so far to the
side, it makes it difficult to redesign it any other way without running a slab all the way
across. He stated there is a large pecan tree in the way of a driveway behind the home.
There being no one wishing to speak, the public hearing was closed at 8:20 P.M.
Commissioner Dudziak questioned staff if enough frontage is on Shelton Drive for the
division of Mr. Vanderpool's lot? Barry LeBaron replied not knowing at this time, it
Planning & Zoning Commission
Minutes - March 13, 2006
Page 4 0'6
appears there is enough frontage.
Commissioner Dudziak questioned the Commissioners regarding if there could be limits
on the special use. Commissioner Blassingame stated all limits already exist. Barry
LeBaron stated it could be limited to a residential use and it is common for an accessory
building to have specific uses.
Commissioner McCormick questioned staff if the particular uses for the structure will
only apply to this owner, or would they apply to whom ever the property would be sold?
Barry LeBaron replied those uses would apply to that structure no matter who owned
the property. Commissioner McCormick stated the applicant has gone out of his way to
make the structure appeasing.
Commissioner Taylor stated having an issue with the second driveway. She stated the
applicant should be able to build a building, but move the building back and use the
existing driveway, coming around his personal property into this structure.
Commissioner Taylor questioned Mr. Vanderpool if he would prefer to table this item
until the full Commission could be present. Mr. Vanderpool replied no, he does not wish
to table this item. We have looked at this item and tried to make other designs.
Commissioner Blassingame questioned Mr. Vanderpool regarding the depth of the
structure, could you reduce the depth? Mr. Vanderpool stated the depth were the boat
and trailer will be placed is just big enough to fit those items. He stated wanting to keep
as much open space in this area as possible to allow the horses to graze when deciding
on the placement of the building.
Commissioner Taylor stated having an issue with a major road being right across the
street from this proposed driveway. Mr. Vanderpool stated the placement of the
driveway being advantageous because all of the concrete would be in one area.
Commissioner McCormick made motion to approve case Z-06-005 with the stipulations
regarding no commercial venture out of this property. Commissioner McCormick
questioned city engineer, Robert Woods regarding if this driveway would need to be
gravel instead of concrete because of drainage issues? Robert Woods replied no, it
does not matter; the approach will be concrete per city code. Commissioner Dudziak
added a friendly amendment to the motion to limit the number of vehicles parked
overnight to no more than ten and two or three boats on the property to eliminate the
neighbor's concerns. Mr. Vanderpool stated not having an issue with those stipulations.
Commissioner McCormick stated there not being a need for any outdoor storage of any
type. Mr. Vanderpool stated having a tractor being stored outside and did not have
plans to store it in the building. Barry LeBaron stated all of the conditions are applicable
to this site plan and accessory building. Commissioner McCormick accepted the
friendly amendment with the ten cars and three boats. Commissioner Dudziak
seconded.
The motion was denied by the following vote:
Aye: McCormick, Blassingame, Dudziak
Nay: Taylor
Planning & Zoning Commission
Minutes - March 13, 2006
Page 50f6
STAFF REPORTS
Barry LeBaron stated to the audience, the option was given to the applicants as to
whether or not they wanted their case to be heard without all of the Planning and Zoning
Commissioners present.
COMMISSIONER COMMENTS
None
ADJOURNMENT
The Commission adjourned the meeting at 8:35 p.m. by acclamation.
Respectfully Submitted,
Amy Shelley
Planning and Zoning Assistant
Approved on: April 10, 2006
Planning & Zoning Commission
Minutes - March 13, 2006
Page 60f6
COLLEYVILLE PUBLIC LIBRARY
BOARD MINUTES
March 13,2006
I. CALL TO ORDER - Vice-Chair Pat Jones called the meeting of the
Colleyville Public Library Board to order at 7:05 p.m.
ROLL CALL - Members present: Pat Jones, Karen Birkes, Richard Roxburgh
and Carol Wollin
Members absent: Nancy Eytcheson, Susan Potter and Bonnie Carroll
Alternates present: Dennis Healy
Alternates absent: Angie Guthrie-Madison
Ex-Officio Members present: Nancy Coplen, Ginny Tigue and Susan Taylor
Ex-Officio Members absent: Steve Banta, Dr. Larry Darlage, Ret Stansberger
and Mayor David Kelly
Council Liaison present: Tony Licata
Staff present: Mary Rodne
Also present: Joan Cochran
II. Approval of February 13, 2006 Minutes - A motion was made by Richard
Roxburgh and seconded by Karen Birkes to approve the February 13, 2006
minutes as amended. Motion approved unanimously.
III. LIBRARIAN'S REPORT
a. Monthly Statistics
Library Director Rodne distributed Colleyville Public Library February 2006
Usage Statistics, for review and discussion. Patrons had checked out a
total of 12,128 items, 106 Colleyville residents registered for library cards,
library patron visits totaled 6,115, attendance for programs totaled 652 and
volunteer hours totaled 166.10 hours. Rodne also noted that the total
circulation of library materials this year was 22% higher than the total
circulation of library materials last year at this time.
b. Donations
Director Rodne reported that the Library had received a total of $50,040.00
in donations in February. The donations included: $50,000.00 from the
Colleyville Public Library Foundation and $40.00 from the Saddlebrooke
Homeowners for the purchase of books in memory of Landry Gardner.
c. Programs
Director Rodne reported that the Youth Services Winter/Spring 2006
programs were going well and that staff continued to work on the Summer
Reading Program.
Director Rodne presented an update on the first North East Tarrant Reads
event. Rodne noted that the committee had met on February 15, 2006
and had selected the book Isaac's Storm by Erik Larson, which features
the hurricane in Galveston, Texas in the 1900's. The program is
scheduled to start June 5, 2006 and will end on July 20, 2006 with a
special program that will feature Lew Fincher, well known hurricane expert.
The ending program will be held at the Colleyville Center.
IV. BOARD, COMMISSION AND COMMITTEE INFORMATIONAL MEETING
Library Director Rodne presented an update on the City of Colleyville
sponsored Board, Commission and Committee Informational Meeting held
on Tuesday, February 28, 2006, from 6:30 p.m. - 8:00 p.m. at the Colleyville
Center. Rodne noted that the Library had set up a display to provide
information about serving on the Library Board, and that Library Board Chair,
Nancy Eytcheson, had joined her at the Library's table.
V. POLICY REVIEW AND DISCUSSION
A. Reference Policy
Director Mary Rodne presented the Reference Policy for review and
discussion. Carol Wollin made a motion to approve the policy as presented
and Karen Birkes seconded the motion. Motion approved unanimously.
VI. LIBRARY LONG- RANGE PLANNING UPDATE
Joan Cochran, long-range planning facilitator, presented an update on the
long-range planning process. Cochran reported that the Planning Committee
had held three meetings and presented the preliminary top five library
services responses selected by the committee. It was noted that after
discussion of all service responses, the planning committee members, each
with four votes, selected their top responses, which included Current Topics &
Titles, General Information, Lifelong Learning, Information Literacy and
Commons. Cochran reported that she met with library staff on March 8,
2006, and that the staff selected the top four as service responses for the
Library in this planning cycle. The Library Board reviewed and discussed the
selected top services responses. Consensus was that the Library staff should
develop the long range plan with the top four service responses. It was noted
that staff would be developing goals and objectives to meet these service
responses.
VII. FRIENDS OF THE COLLEYVILLE PUBLIC LIBRARY REPORT
President Susan Taylor distributed a flyer for the Friends general meeting
scheduled on April 6, 2006, in the Library and invited everyone to attend.
She reviewed the itinerary for the evening, which included a new member
Chamber of Commerce ribbon cutting ceremony for the Friends of the Library
at 5:00 p.m., refreshments, a general meeting at 6:00 p.m. and a featured
speaker, local author Margot Fusser Blewett who has written a book called
Feet in the Fire.
VIII. COLLEYVILLE PUBLIC LIBRARY FOUNDATION REPORT
President Ginny Tigue reported that the Library Foundation had presented a
$50,000 check to the Library at the February 21, 2006, City Council Meeting
and that the Foundation had a total of $100,000 reserved for the second floor
expansion project. Tigue also noted that the Foundation was planning to
launch a web site and that 2006 fund raisers would be discussed at the next
meeting scheduled on March 27, 2006.
IX. SUGGESTED ITEMS FOR FUTURE MEETINGS
It was noted that the Internet and Computer Usage Policies would be
reviewed in April.
X. CITIZEN COMMENTS
None
XI. ADJOURN: A motion was made by Karen Birkes and seconded by Carol
Wollin to adjourn the meeting. Motion approved. The meeting of the
Colleyville Public Library Board was adjourned at 7:45 p.m.
,.,~,-~~"~,,-"-,_........_~~~..~--,~---~.~_._~,~-- ---
RESOLUTION R-06-2691
A RESOLUTION APPROVING COUNCIL ACTION
UNDER BUSINESS AT THE REGULAR
COUNCIL MEETING OF
APRIL 18, 2006
WHEREAS, Council has taken action on certain items on the agenda under Business.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS:
Sec. 1.
THAT the agenda decisions approved by Council action under Business this
date and not otherwise adopted by Ordinance and/or separate Resolution as
follows are hereby adopted:
a. THAT
AND IT IS SO RESOLVED.
APPROVED BY A VOTE OF AYES,
ON THIS THE DAY OF
NAYS AND ABSTENTIONS
2006.
ATTEST:
CITY OF COLLEYVILLE
Cynthia Singleton, TRMC
City Secretary
David Kelly
Mayor
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