HomeMy WebLinkAbout08-25-10 TC MinAugust 2, 2010
PRESENT: Mayor Laura Wheat and Council Members, Tim Brittan, Clif Cox, and Carol
Langdon..
ABSENT: Rick Rennhack
OTHERS PRESENT: Town Manager Tom Brymer, Town Attorney Stan Lowry, Town
Secretary Felly Edwards, Assistant to the Town Manager Ginger
Awtry, Finance Director Debbie Piper, and Management Intern
Scott Dixon.
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Mayor Wheat called the meeting to order at 7:06 p.m..
Mayor Wheat led the pledge of allegiance to the United States and Texas flags.
3. CONSIDERATION Ar DISCUSSION i ACCEPT COUNCIL
i' iRESIGNATION.
MOTION: Council Member Brittan made a motion to accept Mr. Carson's
resignation. Council Member Cox seconded the motion. The
motion carried by a vote of 3-0.
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Town Council Minutes
08/25/10
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Town Manager Brymer provided a presentation and overview of the Town's Financial
Sustainability, the possible implementation of a property tax, exemptions set by the
Town Council, a five (5) year projected forecast, a summary of tax abatements on Real
and personal property and Ad Valorem tax scenarios for debt issued for $2,5000,000 to
$8,000,000 million dollars.
Tom Lawrence, Lawrence Financial Consulting LLC, provided the I&S Tax Rate analysis
for several schedules based on financing $2,000,000 $5,000,000 and $8,000,000 million
dollars..
Town Manager Brymer stated that the homestead exemption removes approximately
$62,000,000 and the over 65 exemptions removes approximately $24,000,000 from the
Town's tax roll.
Mayor Wheat read aloud to the audience the impact on home values as provided in
their handout documentation.
Mayor Wheat recessed the meeting at 7:49 p.m.
Mayor Wheat reconvened the meeting at 7:59 p.m.
Town Manager Brymer recommended the Council consider a property tax between $.22
and $..23 cents at this time.
Council Member Cox made a motion to call public hearings on the
proposed FY 10-11 tax rate for 7:00 p.m. on September 8, 2010
and September 16, 2010, at 3 Village Circle, Second Floor Council
Chambers, Westlake Texas and to consider a maximum property
tax rate of $0.23. Council Member Brittan seconded the motion.
The motion carried by a vote of 3-0.
Kenny Rogers, 1730 Cttinger Road, asked if the proposed tax would pay for the
infrastructure on undeveloped land.
Town Manager Brymer stated this property tax would be used to maintain existing
infrastructure.
Rost the packet documentation provided to the Council on the Town's website..
Town Council Minutes
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7. COUNCIL CALENDAR
- Council Meeting
August 30, 2010
- Arbor Day
September 25, 2010
- Westlake Baja at Vaquero
September 27, 2010
- Council Meeting (adoption of budget)
Sept. 29, 2010
- Annual TML Conference (Corpus Christi)
October 26-29, 2010
Mayor Wheat announced that the date of the regular September Town Council meeting
changed from September 27, 2010 to September 29, 2010.
There being no further business before the Council, Mayor Wheat asked for a motion to
adjourn the meeting.
MOTION.- Council Member Cox made a motion to adjourn the meeting.
Council Member Langdon seconded the motion. The motion
carried by a vote of 3-0.
Mayor Wheat adjourned the meeting at 8:18 p.m.
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Kell Edward, Edwarc_)5, Town Secretary
Ca—Gra wheat, mayor
Town Council Minutes
08/25/10
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