8:00 AM
JUNE 2005 CIP MEETING
MEETING OF THE CITY OF RED OAK
CIP COMMITTEE
THURSDAY, JUNE 9, 2005 – 7:00 P.M.
MUNICIPAL CENTER – 200 LAKEVIEW PARKWAY
RED OAK, TEXAS
MINUTES
-
Call To Order - 7:00 pm Chair McDonnell called the meeting to order at 7:15 p.m. CIP Committee members present:
Kevin McDonnell, Chair
Eugene Gaither
Debbie Foster, Vice-chair
Tim Robertson
Ricky Brown, Secretary
Wedsel Groom
Tom Wilson
Mitchell Jones
Members absent: John Bass, Byron Hopkins, Jim East
- NEW BUSINESS- OPEN SESSION
- Consideration of approving the Minutes of the May 17, 2005 CIP Committee MeetingSecretary Brown made the motion seconded by Member Robertson to approve the Minutes of the May 17, 2005, CIP Committee Meeting. The motion was unanimous.
- Discussion and/or consideration of approving a list of the projects for recommendation to City Council for revenue bonds.The CIP Committee discussed the list of projects. Dan Roseveare, Financial Consultant, presented information to the Committee. There is a balance of $1.7 million between the projects listed and the bond capacity without additional rate increases. The balance of $1.7 million will initially be banked until the latter part of 3 years. At that time, the 1.7 million could be used for other projects that will come to the CIP Committee for their recommendation. Debbie Foster made the motion seconded by Tim Robertson to approve $8.23 million as the amount to go toward a list of water and sewer projects for recommendation to City Council for revenue bonds. The motion carried with Members McDonnell, Foster, Brown, Wilson, Robertson, Groom and Jones voting for and Member Gaither voting against.
- ADJOURNMENTThe meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
Submitted by ________________________
Kevin McDonnell, Chair
Attested: ______________________________
Deannie Blake Public Works Admin. Asst.
MEETING OF THE CITY OF RED OAK
CIP COMMITTEE
THURSDAY, JUNE 9, 2005 – 7:00 P.M.
MUNICIPAL CENTER – 200 LAKEVIEW PARKWAY
RED OAK, TEXAS
MINUTES
-
Call To Order - 7:00 pm Chair McDonnell called the meeting to order at 7:15 p.m. CIP Committee members present:
| Kevin McDonnell, Chair |
Eugene Gaither |
| Debbie Foster, Vice-chair | Tim Robertson |
| Ricky Brown, Secretary | Wedsel Groom |
| Tom Wilson | Mitchell Jones |
Members absent: John Bass, Byron Hopkins, Jim East
- NEW BUSINESS- OPEN SESSION
- Consideration of approving the Minutes of the May 17, 2005 CIP Committee MeetingSecretary Brown made the motion seconded by Member Robertson to approve the Minutes of the May 17, 2005, CIP Committee Meeting. The motion was unanimous.
- Discussion and/or consideration of approving a list of the projects for recommendation to City Council for revenue bonds.The CIP Committee discussed the list of projects. Dan Roseveare, Financial Consultant, presented information to the Committee. There is a balance of $1.7 million between the projects listed and the bond capacity without additional rate increases. The balance of $1.7 million will initially be banked until the latter part of 3 years. At that time, the 1.7 million could be used for other projects that will come to the CIP Committee for their recommendation. Debbie Foster made the motion seconded by Tim Robertson to approve $8.23 million as the amount to go toward a list of water and sewer projects for recommendation to City Council for revenue bonds. The motion carried with Members McDonnell, Foster, Brown, Wilson, Robertson, Groom and Jones voting for and Member Gaither voting against.
- Consideration of approving the Minutes of the May 17, 2005 CIP Committee MeetingSecretary Brown made the motion seconded by Member Robertson to approve the Minutes of the May 17, 2005, CIP Committee Meeting. The motion was unanimous.
- ADJOURNMENTThe meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
The meeting adjourned at 8:45 p.m.
Submitted by ________________________
Kevin McDonnell, Chair
Attested: ______________________________
Deannie Blake Public Works Admin. Asst.
