HomeMy WebLinkAbout01-15-15 TC MinMINUTES OF THE
TOWN OF WESTLAKE, TEXAS
TOWN COUNCIL MEETING
January 15, 2015
PRESENT: Mayor Laura Wheat and Council Members, Alesa Belvedere, Carol Langdon, and
Wayne Stoltenberg.
ABSENT: Michael Barrett and Rick Rennhack
OTHERS PRESENT: Town Manager Tom Brymer, Assistant Town Manager Amanda
DeGan, Town Secretary Kelly Edwards, Finance Director Debbie
Piper, Director of Facilities and Parks & Recreation Troy Meyer,
Fire Chief Richard Whitten, Planning and Development Director
Eddie Edwards, Director of Public Works Jarrod Greenwood,
Director of HR & Administrative Services Todd Wood, Director of
Information & Technology Jason Power, Communications &
Community Affairs Director Ginger Awtry, and Susan McFarland,
Communications Specialist.
Regular Session
1. CALL TO ORDER
Mayor called the regular session to order at 8:02 a.m.
2. EXECUTIVE SESSION
The Council convened into executive session at 8:02 a.m.
The Council will conduct a closed session pursuant to Texas Government Code,
annotated, Chapter 551, Subchapter D for the following:
a. Section 551.087. Deliberation Regarding Economic Development Negotiations (1)
to discuss or deliberate regarding commercial or financial information that the
governmental body has received from a business prospect that the governmental
body seeks to have locate, stay, or expand in or near the territory of the
Town Council Minutes
01/15/15
Page 1 of 4
governmental body and with which the governmental body is conducting economic
development negotiations; or (2) to deliberate the offer of a financial or other
incentive to a business prospect described by Subdivision (1). Maguire Partners -
Solana Land, L.P., related to Centurion's development known as Entrada.
3. RECONVENE MEETING
Mayor Wheat reconvened the meeting at 8:12 a.m.
4. TAKE ANY ACTION, IF NEEDED, FROM EXECUTIVE SESSION ITEMS.
MOTION: Council Member Langdon made a motion to approve Resolution
15 -02, Approving amendment two of two to the Economic
Development Agreement related to the Entrada Development.
Council Member Belvedere seconded the motion. The motion
carried by a vote of 3 -0.
5. CONDUCT A PUBLIC HEARING AND CONSIDERATION OF ORDINANCE 741,
ACCEPTING AND APPROVING A SERVICE AND ASSESSMENT PLAN AND
ASSESSMENT ROLL FOR THE SOLANA PUBLIC IMPROVEMENT DISTRICT;
MAKING A FINDING OF SPECIAL BENEFIT TO THE PROPERTY IN THE
DISTRICT; LEVYING SPECIAL ASSESSMENTS AGAINST PROPERTY WITHIN THE
DISTRICT AND ESTABLISHING A LIEN ON SUCH PROPERTY; PROVIDING FOR
PAYMENT OF THE ASSESSMENTS IN ACCORDANCE WITH CHAPTER 372, TEXAS
LOCAL GOVERNMENT CODE, AS AMENDED; PROVIDING FOR THE METHOD OF
ASSESSMENT AND THE PAYMENT OF THE ASSESSMENTS; PROVIDING
PENALTIES AND INTEREST ON DELINQUENT ASSESSMENTS; PROVIDING FOR
SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
Mr. Kirk Wilson thanked Town Staff and Consultants.
Mr. Mark Curran, Jefferies L.L.C., provided an overview of the final pricing of the bonds
and that closing would be in early February.
Town Manager Brymer provided an overview of the ordinance and stated that the Town
would retain Municap Inc., to manage the Service Assessment Plan.
Mayor Wheat opened the public hearing.
Mr. Kirk Wilson stated that the Developer is in favor to issuance.
Mayor Wheat closed the public hearing.
Town Council Minutes
01/15/15
Page 2 of 4
MOTION: Council Member Stoltenberg made a motion to approve Ordinance
741. Council Member Langdon seconded the motion. The motion
carried by a vote of 3 -0.
6. DISCUSSION AND CONSIDERATION OF ORDINANCE 742, AUTHORIZING THE
MAYOR TO EXECUTE AND DELIVER A FINANCING AGREEMENT, A
REIMBURSEMENT AGREEMENT AND OTHER AGREEMENTS WITH MAGUIRE
PARTNERS - SOLANA LAND, L.P. IN CONNECTION WITH SOLANA PUBLIC
IMPROVEMENT DISTRICT.
Mr. Robert Miklos, Miklos Law P.L.L.C., provided an overview of the reimbursement
agreement.
MOTION: Council Member Belvedere made a motion to approve Ordinance
742. Council Member Stoltenberg seconded the motion. The
motion carried by a vote of 3 -0.
7. DISCUSSION AND CONSIDERATION OF ORDINANCE 743, REGARDING ALL
MATTERS INCIDENT AND RELATED TO THE ISSUANCE AND SALE OF "TOWN OF
WESTLAKE, TEXAS, SPECIAL ASSESSMENT REVENUE BONDS, SERIES 2015
(SOLANA PUBLIC IMPROVEMENT DISTRICT) ", AUTHORIZING THE ISSUANCE
IN THE AMOUNT OF $26,175,000 OF SUCH BONDS AND APPROVING AND
AUTHORIZING RELATED AGREEMENTS.
Mr. Chris Settle, McCall, Parkhurst & Horton L.L.P., provided an overview of the indenture
and bond purchase agreement.
MOTION: Council Member Langdon made a motion to approve Ordinance
743. Council Member Belvedere seconded the motion. The motion
carried by a vote of 3 -0.
Town Council Minutes
01/15/15
Page 3 of 4
8. ADJOURNMENT
There being no further
adjourn the meeting.
MOTION:
business before the Council, Mayor Wheat asked for a motion to
Council Member Stoltenberg made a motion to adjourn the
meeting. Council Member Belvedere seconded the motion. The
motion carried by a vote of 3 -0.
Mayor Wheat adjourned the meeting at 8:26 a.m.
APPROVED BY THE TOWN COUNCIL ON JANUARY 26, 2015.
ATTEST:
, Town Secretary
Laura Wheat, Mayor
Town Council Minutes
01115/15
Page 4 of 4