Sherwood Pk P2/FP-CS 840612June 12, 1984
Page 2
ITEM NO. 6: Presentation and discussion of bank depository agreement and
investment plan
Finance Director Lewis McLain made the presentation to the Council. He
stated, that the City could expect to receive the bond proceeds in two days,
and that while the City would need to earn as much as possible on the invest-
ment of this money, it does need to be available when it is needed. It was
his recommendation that in order to maximize the investment earnings, that
one of the downtown banks be approved as the City's depository for the bond
proceeds. Following a discussion by the Council, Councilman Duggan moved
that the bond proceeds be deposited with the First Security Bank in Coppell;
Councilman Ware seconded and motion carried 3-2 with Mayor Pro Tem Thompson
and Councilman Bailey voting against the motion.
ITEM NO. 7: Consider request from Lone Star Gas Company to change the
existing gas main extension
Mr. Don Huff, representing Lone Star Gas Company, made the presentation to the
Council. He stated that primarily the developers would be affected by this
increase. Following discussion by the Council, Councilman Duggan moved that
this item be tabled until the next Council meeting to allow other cities
to make their decision on this item; Mayor Pro Tem Thompson seconded and
motion carried 5-0.
ITEM NO. 8: Consider abandonment of right-of-way at Southwestern Blvd. and
Coppell Road
Mr. Foy Layton made the presentation to the Council. He stated that he is
representing the prospective owner and that with the abandonment approximately a
3,000 square-foot building could be constructed on this property. City
Manager Ron Ragland recommended that the City receive comparable value for
the land that they would be abandoning. Following discussion, Councilman Ware
moved that this item be tabled for further review; Councilman Duggan seconded
and motion carried 5-0.
ITEM NO. 9: Consider approval of a final plat of LaPetite Academy
Mr. David McCarver made the presentation. He stated that the location of this
project is on Bethel School approximately 230 feet east of Denton Tap Road.
The building would be 80% brick veneer and meets all City requirements. The
area would be totally sodded as well as landscaped with trees. A masonry
screening wall will be installed between the car wash property and this property
and along the east side of the building. The rear property and along the
east side of the building would have a chain link fence with a wooden fence
in the front of the building. Following dis'cussion by the Council, Councilman
Dug§an moved that the final plat be approved with the stipulation that the
brick screening wall be constructed around the entire facility; Councilman
Ware seconded the motion which carried 5-0.
ITEM NO. 10: Consider approval of a final plat of Sherwood Park, Phase II
Mr. Sam Wyse made the presentation. He stated that there were no variations s
to this plat since the presentation of the preliminary plat. There are no
variations-from ~he subdivision ordinance; however, upgrading has been done
on the building design throughout the entire project and a one-car enclosed
parking space per unit has been added. Following discussion, Mayor Pro Tem
Thompson moved that this final plat be approved; Councilman Bailey seconded and
motion carried 5-0.
ITEM NO. 11: Consider approval of a final plat of Parkwood Addition
Mr. Sam Wyse also made the presentation on this project. He stated that a
change from the preliminary plat has been made to accommodate the road design
at the proposed intersection of MacArthur Blvd. and Samuel Blvd. Although
this area is zoned SF-O, essentially a SF-7 development would be built.
Following discussion, Councilman Pettijohn moved that this final plat be
approved; Councilman Duggan seconded and motion carried 5-0.