HomeMy WebLinkAbout08-20-10 TC MinMINUTES OF THE
TOWN OF WESTLAKE, TEXAS
TOWN COUNCIL REGULAR MEETING
August 20, 2010
PRESENT: Mayor Laura Wheat and Council Members, Tim Brittan, Clif Cox, Carol Langdon
and Rick Rennhack.
ABSENT: Larry Corson
OTHERS PRESENT: Town Manager Tom Brymer, Town Attorney Stan Lowry, Town
Secretary Kelly Edwards, Assistant to the Town Manager Ginger
Awtry, Fire Chief, Richard Whitten Public Works Director Jarrod
Greenwood, Finance Director Debbie Piper, Planning and
Development Director Eddie Edwards, Management Interns Scott
Dixon and Christine Wagner-Powers.
Workshop Session
1. CALL TO ORDER
Mayor Wheat called the workshop to order at 10:28 p.m.
2. DISCUSSION OF THE DIRECTIONFINDERS 2010 SURVEY, STRATEGIC
PLANNING, THE PROPOSED MUNICIPAL BUDGET FOR FISCAL YEAR 2010-
2011, AND FINANCIAL SUSTAINABILITY.
Mr. Chris Tatham provided a presentation and overview of the final DirectionFinders
survey results.
Discussion ensued regarding the breakdown of the citizens that answered the survey
and those that did not respond or are not engaged.
Town Manager Brymer asked Mr. Tatham to provide the charts to the Town Council as
view in the presentation.
Town Council Minutes
08/20/10
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Town Manager Brymer provided a presentation and overview of the proposed budget
"Securing the Vision".
Discussion ensued regarding Fire and EMS dividing the Town into sections covered by
Keller, South lake and Westlake only cover EMS.
Discussion also ensued on the Ad Valorem tax scenarios as presented to the Town
Council establishing the amounts for the O&M rate and the INS rate.
Considerations when issuing debt -
Cities try to have a mixture of cash and debt funded projects
Stabilize the General fund $.143 O&M generates $1M
ISS — would equal $.07 debt services would be 300K or 400K
Mayor Wheat asked the Council to provide her with some residents names that they feel
would benefit from the small forum meetings regarding a property tax.
Town Council Direction for Staff —
Check out refinancing of existing debt
Ask a Financial advisor if we could finance/borrow for O&M
Try to match those payments to the amounts subject to the abatements
Straight amortization vs. balloon
Highlight in future presentations that this FY 10-11 budget is less than the FY
09/10
Show the citizens we have the lowest tax rate
3. ADJOURNMENT
Mayor Wheat adjourned the meeting at 3:16 p.m.
APPROVED BY THE TOWN COUNCIL SEPTEMBER 29, 2010.
ATTEST:
Kelly Edwards, Town Secretary
Laufa Wheat, Mayor
Town Council Minutes
08/20/10
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