HomeMy WebLinkAboutCity Council-Minutes-8/10/2010~~~~~~~~~~ City of Colleyville
~~`~ Agenda
City Council Worksession
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
vwvw.colleyville.com
Tuesday, August 10, 2010
5:30 PM Executive Conference Room, Third Floor
1. CALL TO ORDER
2. PRESENTATION AND DISCUSSION
2a Discussion of SH26/Colleyville Boulevard reconstruction project
3. ADJOURNMENT
t hereby certify the above agenda was posted on the bulletin boards at City Hall on Friday,
August 6, 2010, by 5:0
Cynthia Singleton, TRMC, CMC
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.
City of Colleyville Page 1 Printed on 8/6/2010
~" "' City of Colleyville
Minutes
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City Council Worksession
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Tuesday, August 10, 2010
5:30 PM Executive Conference Room, Third Floor
The City Council Worksession of the Colleyville City Council was called
to order by Mayor David Kelly on August 10, 2010, at 5:34 p.m.
ROLL CALL: Councilmembers Carol Wollin, Michael Muhm, Stan
Hall, Tom Hart. and Mike Taylor were present. Mayor David Kelly,
City Manager Jennifer Fadden, Assistant City Manager and Chief
Financial Officer Terry Leake, Public Works Director Steve
Chutchian, Community Development Director Ron Ruthven,
Economic Development Director Marty Wieder, Communications
and Marketing Director Mona Gandy, Information Systems Manager
Chris Pena, and City Secretary Cynthia Singleton were also present.
Mayor Pro Tem Jon Ayers was absent.
2. PRESENTATION AND DISCUSSION
2a Discussion of SH26/Colleyville Boulevard reconstruction project
City Manager Jennifer Fadden presented the current status of the
SH26/Colleyville Boulevard reconstruction project and information
regarding financing options for the project, TxDOT Pass-Through
Financing process and structure, estimated project costs and funding,
utility relocation, design options and the economic development impact
of the project.
Discussion ensued regarding construction costs and funding, the City's
responsibility for the project, hiring a professional engineer to manage
the project, potential project cost overruns and funding, and
responsibility for contingency, debt service schedule, the repayment
structure and timeline and factors that will enhance TxDOT's rating of the
project.
City Manager Fadden reviewed the advantages and disadvantages of
the Pass-Through Financing option and stated the TIF is a financing
mechanism.
City of Colleyville Page 1 Printed on 9/9/2010
City Council Worksession Minutes August 10, 2010
Discussion continued regarding the TIF partners approval process and
participation in the project, utility relocation, SH26 design options,
economic impact of the SH26 reconstruction project and rate of return on
the project.
City Council determined discussions should continue with TxDOT.
City Council determined an item should be placed on the August 17,
2010, Pre Council agenda for an update or additional discussion of the
SH26 reconstruciton project.
3. ADJOURNMENT
There being no further discussion before the City Council, Mayor Kelly
adjourned the worksession at 7:15 p.m.
APPROVED BY A VOTE OF ~ AYES, NAYS AND D
ABSTENTIONS ON THIS THE ~_ DAY O 2010.
Minutes nand pre are by:
f-~~
.~-~--
Cynthia Singleton, TRMC, CM
City Secretary
City of Colleyville Page 2 Printed on 9/9/2010