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CM 1990-01-31 Minutes of January 31, 1990 The City Council of the City of Coppell met in special called session at 6:00 p.m. on Wednesday, January 31, 1990 in the Council Chambers of Town Center, 255 Parkway Boulevard, Coppell, Texas. The following members were present: Mark Wolfe, Mayor Dean Wilkerson, Mayor Pro Tam David M. Thomas, Councilman Tom Morton, Councilman Bill Smotharmon, Councilman Jim Cowman, Councilman (late arrival) Ron Robertson, Councilman John A. Nelson, Councilman Also present with City Manager Alan D. Ratliff, City Secretary Dorothy Timmons and City Attorney Larry Jackson. Mayor Wolfe asked everyone to stand while Councilman Nelson gave the invocation. Following the invocation Mayor Wolfe led those present in the Pledge of Allegiance. Item 3: Discussion, consideration and approval of a Ordinance calling the Bond Election for March 3, 1990 and authorizing the Mayor to sign. Deputy City Manager/Finance Director Frank Trando and Bond Counsel Peter Tart made the presentation to the Council concerning the proposed ordinance calling for a Bond Election. Council's discussion on this item centered on guidelines for raises in tax amount and the maximum number of years for the sale of Bonds. The proposed ordinance states that the tax incurred for payment of the principal and interest on the Bonds at the time of issuance will not be anticipated to exceed $0.15 per 100% valuation on the City's tax rolls over the five (5) year period beginning with the issuance of the Bonds. It furthermore states that in each of the propositions the Bond issued would be set to mature serially within a time period not to exceed forty (40) years from their date of issuance. Concerns expressed by the Council were that this Council, as well as future Councils, attempt to not raise taxes more than a set amount for each year as well as decreasing the maturity date of Bonds to twenty (20) years rather than forty (40) years. Consensus of the Council on both proposals was to leave the Ordinance as written. Following discussion on this item Councilman Smothermon moved that Ordinance 90464 be approved and the Mayor be authorized to sign. Councilman Robertson seconded the motion; motion carried 6-0 with Mayor Pro Tam Wilkarson, Councilmen Thomas, Morton, Smothermon, Robertson and Nelson voting in favor of the motion. Item 4: Discussion and consideration of the appointment of any alternate Municipal Court Judge. Mayor Wolfe stated that this item had been dispensed with at the special meeting held on Monday, January 29, 1990. EXECUTIVE SESSION (Closed to the public) ES5 A. Article 6252-17, Senate Concurrent Resolution Number 83; discussion with City Attorney concerning matters involving privileged commmnicatiou between Attorney and client. PAGE 1 OF 2 000022 B. Article 6252-17, Section 2(e); discussion with City Attorney 1. Review matter of threatened iitiEation with Lawrence J. Friedman and City Attorney. 2. Review matter of pending litigation (McDuffie vs City of Coppell) with City Attorney. Council convened in Executive Session at 6:28 p.m. on Wednesday, January 31, 1990 as allowed under the above stated articles. Mayor Wolfe adjourned the Executive Session a£ 7:04 p.m. on Wednesday, January 31, 1990 and opened the public session. Councilman Cowman arrived during the Executive Session. There being no further to discuss, the meeting was adjourned. Mark Wolfe Mayor ATTEST: Dorothy Timmons City Secretary MINUTES 013190 MNTS3 PAGE 2 OF 2 000023