10.21.1993 IFC MinutesPage 449
MINUTES OF
THE IMPACT FEE COMMITTEE
REGULAR SEMI- ANNUAL MEETING
OCTOBER 21, 1993
COMMUNITY CENTER- -7:05 P.M.
Chairman Gray called the meeting to order at 7 :05 p.m.
Members present were Janna Brimer, Wayne Winters, Chuck Shytles, Charles
Gray, Glynn Cavasos and David Corey. Gregg Bennett, Cliff Hallmark and
Bill Cromer were absent.
City Staff in attendence were:
Michael. Box, Director of Development and Enforcement
Joey Highfill, Director of Water Operations
Vicki Thompson, Director of Finance
Ted Rowe, City Administrator
Linda Royster, Director of Utility Billing
Mort Wetterling, Asst. Director of Development and Enforcement
Eddie Cheatham, City Engineer
ITEM NO. 1 - Joey Highfill gave a briefing on the Water Facilities,com-
paring present capabilities with future projections of population and
needs.
ITEM NO. 2 - Linda Royster gave an update of Impact Fees for both Water
and Sewer showing fees collected as well as those projected to be col-
lected for the remaining lots.
ITEM NO.'_3•- Vicki Thompson briefed the Committee members and Staff on
the Water Fund Cash Position as of 30 September 1993,showing unencumber-
ed funds totaling $315,135.
ITEM NO. 4 - Eddie Cheatham addressed the estimated cost factor relating
to the purchase of a new elevated water storage tank (one -half million
gallon tank was estimated to cost approximately $450,000 with a million
gallon tank estimated at approximately $700,000). He advised against
purchasing a used water storage tank, stating that used tanks, of that
size, are difficult to find (small tanks of 50,000 gallon capacity are
fairly plentiful, but not large ones). It was estimated that today's
$500,000 well will cost approximately $600,000 in five years.
With no further business to conduct, Janna Brimer motioned for.adjourn-
ment which David Corey seconded. All members voted in favor and the
meeting was adjourned at 7:55 p.m.
APPRO '' D: