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Home My WebLink About1965-09-03 (special called) CalledMeeting the EulessCityCouncil September TO MayorFullercalledthemeeting orderatinthe council chambersintheEulessCityHall withthefollowingcouncilmenpresent:CouncilmenBobbyFuller,Billy FrankDouglassandHaroldSamuels.(AbsentCouncilmanDonWarren.) Byers AlsopresentwereCityManagerLee CityAttorneyJamesCribbsandCitySecretaryVadaFerris. HenryKeller,FirstTexas CorporationandPaulGregory, Gregory, Knowlton and RESOLUTION105RELATINGTO DEPOSIT WATER MayorFullerinformedthe council that he had beenadvisedbyMorong.CityFiscalGuerinand Turner,Inc.)thatisnecessaryhavecouncilauthorizationrelating thedeposittherevenuebondproceedsreceivedthenegotiations withMunicipal Service Company. CityAttorneyCribbsreadResolution whichauthorizes the dispositiontherevenuebondproceedsas lows: PaymentMunicipal Service CompanyTexas DeposittheBondInterestandSinkingTrust (2) pany,NewYork) BondReserveTrustCompany,New PaymentEppler, Guerin andTurner,Inc.$58,000.00 DepositFundsinFirstStateEulessAccounts) a.CityEulessWaterandSewerSystemOperationand MaintenanceFundAccount$29,599.88 CityEulessWaterandSewerSystemEmergency Fund $1,000.00 c.CityEulessWaterandSewerSystemCapitalImprove mentFund$200,000.00 AttorneyCribbsreadSectiontheresolutionstatingthattheMayor andCitySecretaryare authorized executeand on behalftheCity EulessanagreementwiththeFirstStateBankofEulesstheescrow thefundsprovidedbeplacedthecredittheCityofEulessWater andSewerSystemCapitalImprovementFund.CouncilmanDouglassmadethe motionapproveResolutionNo.asread by theCityAttorney.Council manFullersecondedthe motion andthevoteisasfollows: Ayes:CouncilmenFuller,Byers.SamuelsandDouglass Nays:None MayorFullerdeclaredthemotioncopyofResolution onfileinOfficeCitySecretary.) 92 (PageTwoMinutesCalledCouncilMeeting,September CityAttorneyCribbsreadtheEscrow Agreementwhichspecifiesthatbeplacedinescrow CapitalImprovements.Thisresolutionstipulates that disbursementsfrom thisfundshallbemadefromthebankuponreceiptacertificateexe cutedbytheMayorandCitySecretarycertifyingthatCapitalImprovement expenditureshavebeenapprovedbytheEulessCityCouncil. Councilman Samuelsmadethemotionapprovetheescrowagreementexistingbetweenthe ofEuless,Texas,andFirstStateBank,Euless.Texas,asread by the CityAttorney.CouncilmanByerssecondedthemotionandthe vote isas lows: Ayes:CouncilmenFuller,Byers,SamuelsandDouglass. Nays: None. MayorFullerdeclaredthemotioncarried.(OfficialcopyofEscrow Agree mentonfile inOfficeCitySecretary.) (This agreementwasapproved byFirstStateBankandsignedbyBleaseTibbets, President.) (Signatures Mayor and CitySecretaryaffixedEscrowAgreement.) RESOLUTION106 CityAttorneyCribbsreadResolution 106whichstatesthatthecitycouncilconvenedincalledsessionon September3rdanddeterminedthatwasthebestinterestthe citizensEulesspurchasethewaterand sewer systemservingthe CityofEuless,townandsurroundingareasandthattheMayor andCitySecretaryare authorized executeabillofsaleforandin behalftheCityEuless.CouncilmanFullermadethemotion approveResolution106 as readbytheCityAttorney.Councilman Samuelssecondedthemotionandthevoteisasfollows: Ayes:CouncilmenFuller,Byers, Douglass andSamuels, Nays:None. MayorFullerdeclaredthemotioncarried. (OfficialcopyResolution 106onfileinOfficeCitySecretary.) OURNMENT Themeetingadjournedat ATTEST: CitySecretary