HomeMy WebLinkAboutCity Council Resolutions (R-91-710)-09/17/1991
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RESOLUTION R-91-710
WHEREAS, the citizens of Colleyville have authorized the issuance
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purpose of improving the infrastructure of the community;
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WHEREAS, financial prudence dictates that only a portion of the
authorized improvements should be funded in any given
fiscal year; and
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WHEREAS, the City council must select a limited number of projects
out of many worthy and badly needed improvements for
funding in the first two years; and
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WHEREAS, the City Manager has recommended that the following
criteria be used in establishing bond issue priorities:
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1. In general the choice of projects within individual
bond issue subcommittee areas should follow the
priorities established by those citizens on the
subcommittees.
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2. Where a subdivision has multiple projects assigned
a high priority, consideration should be given to
providing some funds for other subdivisions early
in the multi-year funding schedule.
3. The first two years of issues should contain at least
the same proportion of storm drainage and street
project dollars as that contained in the overall
referendum package (60%).
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4. Where there is a conflict in priorities in a particu-
lar neighborhood between priorities assigned for
storm drainage and for streets, priority shall be
given to storm drainage needs.
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19 WHEREAS, based on these criteria, the City Manager has recommended
the following projects for funding in each of the first
20 two years of bond issues:
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Year 1
proiect
Cost
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Chelsea Park Storm Drainage Project 1 $ 1,373,000
Pleasant Run Athletic Fields 1,000,000
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Oaks and Briarwood Street & Storm Drainage Design 350,474
Total $ 2,723,474
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Resolution R-91-710
Page 2
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Year 2
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proiect
Cost
$ 1,631,026
112,000
600,000
100,000
125,000
200,000
$ 2,768,026
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Oaks and Briarwood street & storm Drainage
Pleasant Run Athletic Fields
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Community Center
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Fire station Property
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Service Center Property
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Oak Crest Hills and Rustic Oaks street & storm
Drainage Design
Total
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF COLLEYVILLE RESOLVES
AS FOLLOWS:
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Sec. 1. THAT the priorities as recommended by the City Manager
are adopted.
Sec. 2. THAT the City Manager is authorized to begin soliciting
proposals from engineers and architects for the design
of all Year 1 projects and for the Community Center.
Sec. 3. THAT the City Manager is directed to develop the necessary
information and take other steps for the sale of bonds
in January 1992.
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AND IT SO RESOLVED.
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Passed by a vote of ~ to 0 on this the 17th day of Septem-
19 ber, 1991.
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EST: ~
C ~~
et Hofstrom
ty Secretary
CITY OF COLLEYVILLE
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/Yn:t'~~ P<</{~h--
Chrl.s Hawkl.ns
Mayor
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