02.15.1973 CC Minutes583
SPECIAL CALL MEETING OF THE KENNEDALE CITY COUNCIL
FEBRUARY 15, 1973
Mayor Childres assembled the meeting at 7:30 P.M. Roll was called; council
members present were Steve Radakovich, Mayor Childres, Stanley Jernigan and
Bill Bishop; Mrs. Inez Roy being absent.
Mr. Almon of Almon & Co. of Dallas came before the Council. He advised
the Council that since the meeting last week, the Federal Government in which
the Texas Water Control Board would loan $50,000.00 had terminated this pro-
gram. He then proposed that he buy the additional $50,000.00 and presented
a new schedule for the revenue bonds at 6.254b interest. Mr. Almon advised the
City was in good financial shape to handle the bonds they had just sold. He
then presented a new schedule to the Council, saying he would pick up the old
schedule and check and issue another one. If the Council looked for a financial
advisor, he would be interested in working with Kennedale in the future and would
be happy to analyze any program; please feel free to call on him. Mr. Rada}eovich
made motion to obtain Mr. Almon as financial advisor and bondsman, Mr. Bishop
2nd; motion carried unanimously. Mr. Almon asked the Council to proceed with
Bob Nichols and he would advise what portion of the sewer project the City
could go ahead without hurting their chances of getting the E.P.A. grant later.
Mr. Bishop made motion to accept the new schedule and check and return the old
one to Mr. Almon, Mr. Jernigan 2nd; motion carried unanimously.
:~1r. Bishop said he would like for the Council to be thinking of obtaining
a place where the people could pay their lights, gas and telephone bills. Mal-ar
said he would have the secretary to call these companies and see if they are
interested in having a sub station.
Paul Mathis advised the Council he would have a budget completed for the next
meeting.
Mr. Marshall advised would have to adopt a Resolution setting a public hearing
of adopting a budget. D4r. Radakovich made motion to }^ave Resolution 73-2
drawn up for adopting this budget. Mr. Jernigan 2nd; motion carried unanimously.
This is April 1, 1973 to March 31, 1974, our fiscal year.
t4ayor Childres advised the Council Mr. Dean Huffman called him in regard of
building a fiber glass co. on East Mansfield Hwy. and this is zoned "F "
Commercial; after some discussion, D4r. Childres said he would call bir. Huffman
tomorrow.
?Ir. Radakovich made motion to adjourn, Mr. Jernigan 2nd; meeting adjourned at
92(~n P_M_
Attest til.~-~.~
wel D. Boyd, City Sec t ry
Approve
h e , Mayor