06-19-1990 (City Council) Minutes 131
CALLED CITY COUNCIL
MEETING - MINUTES
JUNE 19, 1990
The City of Wylie City Council met in a called session on
Tuesday, June 19 , 1990 at 7 :00 P.M. in the Council
Conference Room of the Municipal Complex . A quorum was
present and notice of the meeting had been posted in the
time and manner required by law. Those present were Mayor
John Akin, Mayor Pro Tem Don Hughes, Council Members Percy
Simmons , Chuck Wible, Steve Wright, William Martin, and Pat
Stemple, City Secretary Carolyn Jones, Public Works
Director/Engineer Paul Beaver, Public Works Superintendent
Don White, Finance Director James Johnson, Charles Binford
and Frank Medanich.
PRESENTATION ON WATER/SEWER RATE STUDY: Mr . Charles Binford
discussed the following :
City of Wylie Revenue Bond Ordinance Provisions
Utility Rate-making Concepts and Philosophy
Financial Management Guidelines
Current Debt Service Requirements-Utility Enterprise
Fund
Water Consumption Patterns
Projection of Water Accounts , Water Consumption and
Water Sales Revenue
Projection of Sewer Accounts & Sewer Service Revenue
Five-year Projection of Revenue, Expenses & Net Income-
Utility Enterprise Fund
Projection of Coverage on Existing Revenue Bond Debt
Analysis of Working Capital Requirements - Utility
Enterprise Fund
Five-year Projection of Revenue, Expenses & Net Income-
Sanitation Enterprise Fund
Analysis of Working Capital Requirements - Sanitation
Enterprise Fund
Mr . Binford stated that the Council should look at raising
the water/sewer rates in order to take care of the decrease
in working capital . Mr . Binford also stated that the City
had to maintain a reserve of one and one-half times the
maximum annual requirements for the payment of principal and
interest on all bonds .
PRESENTATION BY MIKE WAGNER FROM TALEM, INC. : Mr . Wagner
was unable to attend this meeting and it has been
rescheduled for Monday, June 25th.
132
DISCUSSION ON STREET PROGRAM FOR SUMMER OF 1990: Mr . Don
White said he has met with a representative from Bomag
Company and this person will be here to work with us on the
street program this summer . He will show us the proper use
of the equipment as well as being an instructor during the
program. He will not be able to be here until July 12th but
said we can be through with the streets in two weeks. He
has give me instructions on what type of preparation to do
prior to July 12th start date. Mr. White also stated that
he has talked with the City of Rowlett and feels the City of
Wylie should go ahead and lease a motor grader for three
weeks . Mr . White also ask the Council for directions on
what type of top for the streets, either two course
penetration or 2" overlay. After some discussion, it was
directed by Council to begin on Fifth Street and put down a
2" overlay.
There being no other matters for discussion, a motion was
made to adjourn with all in favor.
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