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Home My WebLink AboutMIN NOV 12 1996 M I N U T E S - CITY OF BEAUMONT Lulu L.smith DAVID W. MOORE, MAYOR Andrew P.Cokinos,Mayor Pro Tem Guy N. Goodson CITY COUNCIL MEETING Becky Ames John K. Davis NOVEMBER 12, 1996 Bobbie J. Patterson Lane Nichols, City Attorney Ray A. Riley,City Manager Patrice Fogarty,City Clerk The City Council of the City of Beaumont, Texas, met in a regular session on November 12, 1996, at the City Hall Council Chambers, 801 Main Street, Beaumont, Texas, at 1:30 p.m. to consider the following: OPENING *Invocation Pledge of Allegiance Roll Call *Presentations and Recognition *Public Comments: Persons may speak on scheduled agenda items *Consent Agenda Mayor Moore called the meeting to order at 1:30 p.m. The Reverend Bruce E. A. Booher, Bethlehem Lutheran Church, gave the invocation. Lamar University Student Aleesha Tristan, niece of Barbara Otto, (Mayor Moore's secretary, led in the pledge of allegiance. Present at the meeting were: Mayor Moore, Mayor Pro Tem Cokinos, Councilmen Ames, Davis and Patterson. Councilmen Smith and Goodson were absent (attending the funeral services for Mrs. Jeanne McNicholas, wife of Municipal Court Judge James McNicholas). Also, present were Beverly Hodges, acting as City Manager, Lane Nichols, City Attorney, Patrice Fogarty, City Clerk, and Barbara Liming, Deputy City Clerk. Ray A. Riley, City Manager, arrived during consideration of main agenda item 1. The Reverend Dwight Benoit announced that his church, Magnolia Missionary Baptist Church, 2830 Pine Street, will begin a new program to feed the homeless on Sundays from 1:00 p.m. to 2:15 p.m. starting November 17. The Reverend Benoit introduced Ms. Dorothy Snell and Ms. Liz Eaglin who will work in this program. He said that no other provider in the community offers meals for the homeless on Sunday and solicited Council assistance in advertising this program. Mayor Moore expressed appreciation to the Reverend Benoit and his congregation for significantly serving the community in this capacity. Mr. Greg Shepherd introduce Mr. William Lee, recently appointed as the Customer Service Manager for Entergy Corporation. Mr. Lee offered his assistance to the community and said he can be reached at 654-3882. Citizens were invited to comment on the Consent and Main Agendas . No one wished to address these subjects. CONSENT AGENDA The following consent agenda items were considered: Approval of minutes of the November 5, 1996, meeting; a. Confirmation of committee appointments - Resolution No. 96-274; b. Accept improvements constructed in Barrington Heights Subdivision for City maintenance - Resolution No. 96-275; C. Authorize the acquisition of property for the FM 364/Major Drive Project - Resolution No. 96- 276; d. Approve the purchase of laptop computers for use in various City departments - Resolution No. 96-277; e. Adopt a schedule of permit fees relating to the installation of storage tanks - Resolution No. 96-278; f. Authorize the release of outstanding weed liens for a nominal fee for property acquired by the Mount Gilead Baptist Church. Mayor Pro Tem Cokinos moved to approve the consent agenda. Councilman Davis seconded the motion. MOTION PASSED. Ayes: Mayor Moore, Mayor Pro Tem Cokinos, Councilmen Ames, Davis and Patterson Noes: None GENERAL BUSINESS 1. Consider authorizing the issuance of$28,880,000 of Refunding Bonds, Series 1996A. Mr. Frank Ildebrando, the City's Financial Advisor with Rauscher Pierce Refsnes, Inc., presented results of the competitive bid process held earlier as outlined in the attached exhibit and recommended authorizing a contract with Payne Webber to serve as underwriter for sale of the bonds. Minutes;11/12/96;Page 2 Councilman Ames moved to adopt Ordinance No. 96-67, entitled an ORDINANCE AUTHORIZING THE ISSUANCE OF THE CITY OF BEAUMONT, TEXAS, REFUNDING BONDS, SERIES 1996A; AUTHORIZING THE ADVANCE REFUNDING OF CERTAIN BONDS AND THE EXECUTION AND DELIVERY OF AN ESCROW AGREEMENT AND THE SUBSCRIPTION FOR AND PURCHASE OF CERTAIN ESCROWED SECURITIES; AND CONTAINING OTHER MATTERS RELATED THERETO. Councilman Patterson seconded the motion. MOTION PASSED. Ayes: Mayor Moore, Mayor Pro Tem Cokinos. Councilmen Ames, Davis and Patterson Noes: None 2. Consider authorizing the purchase of computerized signal equipment for installation at thirteen intersections. Mayor Pro Tem Cokinos moved to adopt Resolution No. 96-280, approving purchase of additional coomputerized signal equipment from Naztec, Inc. in the amount of$79,800. Councilman Ames seconded the motion. MOTION PASSED. Ayes: Mayor Moore, Mayor Pro Tem Cokinos, Councilmen Ames, Davis amd Patterson Noes: None OTHER BUSINESS Councilmembers comment on various matters. Councilman Patterson expressed appreciation for being able to return to Council meetings after her accident and emphasized the importance of voting in the run-off election on December 10. Mayor Moore extended condolences to Judge McNicholas in the loss of his wife, commented about Veteran's Day ceremonies at Veteran's Park in Port Arthur and the presentation last evening by Four-Star General Joseph Ashy that underscored preservation of our American freedoms. Mayor Moore urged that we be mindful of the veterans who gave their lives and blood for the freedoms that we enjoy and noted that an active volunteer, Mr. John Naumczik, who has been very ill was able to attend the ceremony at Veteran's Park. ` Public Comment (Persons are limited to 3 minutes) Minutes;11/12/96;Page 3 Mr. Charles Johnson, 8080 Helbig, submitted information to the mayor and city manager and requested to meet privately with them after Council to discuss the matter. Mr. Benny Mendosa, 5655 South Kenneth, extended an invitation to Council to attend a festival expressly for children at Christo Rey Catholic Church next Sunday at 1:00 p.m. Ms. Dorothy Shotwell, 2250 West Virginia, addressed Council regarding problems with the Beaumont Housing Authority. Mayor Moore advised Ms. Shotwell to consider speaking with the Beaumont Housing Board of Commissioners. Mr. Ivory Pugh (no address given) addressed Council regarding his son being stopped by police officers, complained about treatment to his son, claimed racism among police personnel and spoke of warrants and other problems regarding his son. Mr. Philip Johnson, on behalf ofCommercial Metals located at 5250 College Street, presented a check in the amount of$500 to the City of Beaumont for the Margaret Harmon Scholarship Fund to assist individuals with disabilities. Mayor Moore thanked Mr. Johnson and his company for their interest and generosity. Mr. Lynn DeMary, 430 East Elgie, expressed appreciation for Veteran's Day ceremonies and welcomed Councilman Patterson back to City Council. There being no further business, the meeting adjourned at 2:04 p.m. cl� 4 0(-, Mayor David W. Moore V,V 7�/�,/� �n�A,4,, Patrice Fogarty, CiUClerkff Minutes;11/12/96;Page 4 City of Beaumont - Series 1996 Refunding Federal Arb Yield Including PV Gross Underwriter Bid# Issue Name Yield All Expenses Savings(1) Savings(1) Name 11 NEW96L 4.2933 4.5558 $1,752,127.91 $2,321,694.52 Payne Webber 3 NEW96C 4.3669 4.5719 $1,744,114.23 $2,320,606.61 First SW Co. 1 NEW96A 4.3345 4.5724 $1,742,392.66 $2,317,641.02 J P Morgan 12 NEW96M 4.3084 4.5765 $1,738,058.28 $2,306,067.13 First Albany 6 NEW96F 4.3156 4.5791 $1,736,516.08 $2,304,717.31 Interstate/J.Layne 4 NEW96D 4.3504 4.6070 $1,718,515.65 $2,285,017.22 Raymond James 2 NEW96B 4.3463 4.6294 $1,702,554.52 $2,273,167.70 Southwest Secs 9 NEW961 4.3866 4.6378 $1,698,244.02 $2,267,220.89 Dain Bosworth 10 NEW96K 4.3676 4.6482 $1,690,343.95 $2,262,777.76 Morgan Keegan 5 NEW96E 4.3335 4.6645 $1,677,297.82 $2,245,436.97 Dean Witter 8 NEW96H 4.3230 4.6690 $1,673,263.54 $2,234,867.67 Piper Jaffray 7 NEW96G 4.3918 4.6697 $1,676,161.55 $2,247,157.67 Coastal Sec. (1)Includes"Rounding"Amount Federal Arbitrage Yield Rate Ind All Expenses 4.400 4.660 - 4.380 - 4.660 4.640 4.360 4.620 4.340 N 4.600 2 2 d 4.320 N 4.580 a 4.560 4.300 4.540 4.280 4.520 4.260 - 4.500 - - - - 11 3 1 12 6 4 2 9 10 5 8 7 11 3 1 12 6 4 2 9 10 5 8 7 Bid# Bid# PV Savings Gross Savings $1,800,000 --- $2,500,000 - $2,300,000 $1,700,000 $2,100,000 $1,600,000 - - - - - $1.900,000 - 11 3 1 12 6 4 2 9 10 5 8 7 11 3 1 12 6 4 2 9 10 5 8 7 Bid# Bid# EXHIBIT