Loading...
Min 10/01/1985 41 Wichita Falls, Texas Memorial Auditorium Building October 1 , 1985 Item 1 & 2 The City Council of the City of Wichita Falls, Texas, met in regular session on the above date in the Council Room of the Memorial Auditorium Building @t 8:30 o'clock A.M. , with the following members present. Gary D. Cook Mayor Thomas E. Swift Charles Thomas Charles Harper Councilmen Craig A. Wilson Bill Palmer James A. Welburn James Berzina City Manager H. P. Hodge, Jr. City Attorney Wilma J. Thomas City Clerk Fred L. Werner Chief Accounting Officer The invocation was given by Councilman Harper. Item 3 Moved by Councilman Harper that the minutes of September 3, 1985, be clarified to reflect that Interfirst Bank was awarded the contract as managing depository for a two-year period. Motion seconded by Councilman Welburn, and carried unanimously. Item 4a-6h Moved by Councilman Palmer that the consent agenda be approved. Motion seconded by Councilman Harper. Item 4a Kathy Whetstone, a Park Department employee, was honored as Employee of the Month for October. Mayor Cook presented her with a plaque, City of Wichita Falls pin, and two tickets each to a theatre and dinner. Item 5a RESOLUTION NO. 135-85 RESOLUTION APPROVING SUPPLEMENTAL AGREEMENT NO. 4 WITH THE FEDERAL AVIA- TION ADMINISTRATION FOR LEASE OF PREMISES AT WICHITA FALLS MUNICIPAL AIRPORT Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Items 6a-h Minutes of the meeting of Kemp Public Library Advisory Board held August 28, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas , Harper, Wilson, Palmer, and Welburn Nays: None Minutes of the meeting of the Planning and Zoning Commission held September 11 , 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas , Harper, Wilson, Palmer, and 0 1 burn Nays: one 42 Items 6a-h, cont'd. Minutes of the meeting of the Board of Electrical Examiners held September 12, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Minutes of the meeting of the Board of Electrical Examiners held September 17, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Minutes of the meeting of the Building Board of Adjustments and Appeals held September 19, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Minutes of the meeting of the Zoning Board of Adjustment held September 19, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Minutes of the meeting of the Arts Commission held September 20, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas , Harper, Wilson, Palmer, and Welburn Nays: None Minutes of the meeting of the Civil Service Commission held May 17, 1985, were received. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Item 7a A public hearing was opened on the paving of an alley north of the Lynwood East park. No one desired to be heard, and the public hearing was closed. Councilman Harper noted that the original cost of paving was $7.00 per foot, and now it is $10.00, and some have indicated that the new cost has made a difference in the affordability, and he wondered if it could be reduced? David Zelenok, City Engineer, stated that the $7.00 per foot was a prelim- inary estimate. There is not much way to decrease the cost, and get the quality. Asphalt might be cheaper, but probably a toss-up. They normally use concrete to allow for a flatter surface. Councilman Harper asked if we put it in one of these programs, and the people could not pay for it, would we have any other alternative? Mr. Zelenok stated that he is not aware of any other funds which could be used. The ones Councilman Harper talked to wanted it in the container program. Councilman Thomas suggested that we put it on the container program to see if it could be worked out. Councilman Harper requested that the staff prepare an ordinance for the container program, and continue to work with them to see if costs could be reduced. Director of Public Works George Bonnett stated that they are utilizing the same standards for alleys, as streets. 43 Item 8a Mayor Cook noted that Item 8a has been pulled from the agenda; however, he offered an opportunity to anyone present to speak to this issue. Lillian Goodson, 406 Morningside, stated that the district which they are going to put in will only be 30 feet from her property. It is her belief that it will ruin the scenery of her house, and she is very much opposed to having it in there. Mayor Cook stated that the Zoning Board also required that a licensed engineer look at it for consideration of erosion, and also a retaining wall should be put in. Mrs. Goodson also asked if it will be started and finished, or started and prolonged for six months or more? Mr. McKinney stated that he cannot address the financial ability of the contractor to complete it. Prior to doing any cutting on the hill , they would be required to present plans for approval . It was asked if they do stop work at any time, could the erosion be controlled at that time? Mr. McKinney stated they might want j to look at bonding requirements. Councilman Thomas stated that erosion could endanger the property. She would like to know that the property will not be left in a condition to endanger her property. Mayor Cook stated that a bond could be provided to take care of that. David Hale, 135 Pembroke, asked if this development falls through, will it turn into general commercial ? Mayor Cook stated that this is a planned unit for this particular development, so it will not change the initial zoning, but only for this specific development. Mr. McKinney stated that it is tied into this exact plan. Any deviation would have to be approved by the City. Mayor Cook noted that Mrs. Goodson and Mr. Hale will be notified when this is placed back on the agenda. Item 9a I RESOLUTION NO. 136-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT WITH THE COMMUNITY ACTION CORPORATION CONCERNING THE MEALS-ON- WHEELS PROGRAM Moved by Councilman Palmer that Resolution No. 136-85 be passed. Motion seconded by Councilman Welburn, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None RESOLUTION NO. 137-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT WITH THE COMMUNITY ACTION CORPORATION CONCERNING NEIGHBORHOOD ACTION GROUPS Moved by Councilman Welburn that Resolution No. 137-85 be passed. Motion seconded by Councilman Harper, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None RESOLUTION NO. 138-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT WITH THE UNITED WAY FOR PROVISION OF CERTAIN SERVICES Moved by Councilman Harper that Resolution No. 138-85 be passed. Motion seconded by Councilman Welburn, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None 44 Item 9a, cont'd. RESOLUTION NO. 139-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT WITH NORTH CENTRAL TEXAS MEDICAL FOUNDATION FOR THE FAMILY PRAC- TICE RESIDENCY PROGRAM Moved by Councilman Palmer that Resolution No. 139-85 be passed. Motion seconded by Councilman Welburn, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Harper, Wilson, Palmer, and Welburn Nays: None (Councilman Thomas was temporarily out of the room. ) RESOLUTION NO. 140-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT WITH THE MENTAL HEALTH MENTAL RETARDATION CENTER FOR THE PROVISION OF CERTAIN SERVICES Moved by Councilman Welburn that Resolution No. 140-85 be passed. Motion seconded by Councilman Harper, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Harper, Wilson, Palmer, and Welburn Nays: None (Councilman Thomas was temporarily out of the room. ) RESOLUTION NO. 141-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT 14ITH CHILD CARE, INC. FOR PROVISION OF DAY CARE SERVICES Moved by Councilman Palmer that Resolution No. 141-85 be passed. Motion seconded by Councilman Welburn, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Wilson, Palmer, and Welburn Nays: None (Councilman Thomas was temporarily out of the room, and Council- man Harper refrained from discussion and voting because he is on the Board of Child Care, Inc. ) RESOLUTION NO. 142-85 RESOLUTION APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE A CON- TRACT 14ITH INDIVIDUAL DEVELOPMENT CENTER, INC. , FOR CONTINUATION OF MAINTENANCE AND CLEAN-UP SERVICES Moved by Councilman Welburn that Resolution No. 142-85 be passed. Motion seconded by Councilman Palmer, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Item 9d RESOLUTION NO. 143-85 AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A PROFESSIONAL SERVICE CONTRACT WITH A GOLF COURSE MANAGEMENT FIRM Moved by Councilman Wilson that Resolution No. 143-85 be passed, award- ing the contract to Recreation Development and Management. Motion seconded by Councilman Palmer. Councilman Wilson noted that the request for initiation of proposals came from several sources. The golf course subcommittee made some recommenda- tions. Bill Jeter was concerned that the proposals had not been brought to the Parks Board for their consideration. He explained to him that budget and management functions are not in the realm of responsibility or authority 45 Item 9d, cont'd. of the Parks Board. Councilman Thomas stated that he had spoken with the Parks Board on this. As far as he knows, they know everything that has been going on. He does not believe they have any responsibility in the funding. Councilman Wilson invited Mr. Jeter to look at the proposals. Mayor Cook noted that this is a Council decision, and not one for the Parks Board. Charges for the Texas- Oklahoma tournament were discussed. Councilman Wilson noted that his intent is to provide the best facility for those in this community who play golf. Marty Streiff, President of Recreation Development and Management, stated that they would be receptive to look at annual fees. They normally have them for seniors and juniors, but they would be willing to look at others. They want to work with interested groups. Councilman Thomas noted that the ladies are still concerned about a restroom on the back nine. Mr. Streiff stated that they would address that. Mr. Barrett stated that they sell very few annuals except for seniors. Paul Capcart, American Golf Association, stated that he had been at Weeks Park for four months. He stated that American Golf has a good reputation in management of golf courses. He asked if the Council had seen the golf courses of their competitors, and talked to their employees? Councilman Wilson answered in the affirmative, stating that they had seen the golf course in Austin. Mr. Capcart stated that if they consider capital improvements, they will see that American Golf is the best. City Manager James Berzina stated that they are not saying that American Golf would not do a good job. They had an intangible feeling that Recreation Development and Management might do a better job. Their revenue picture is a little better. American Golf knew when they came in that they would be paid for their work, and that it would be a proposal situation. Councilman Wilson felt both companies would do a good job for the City. Assistant City Manager Edward Barrett explained that the terms of the contract would include 10 years with an additional five years, and a five- year option to make some changes in the terms and conditions, if they so desired. Councilman Harper asked if problems could be discussed, and Mr. Barrett stated that they could be. He feels during the first year there would be a lot of contact with Mr. Bonnett, Mr. Berzina, and himself, but eventually they feel it will be placed back under the Parks Department. Mr. Barrett stated that a lot of these things will be taken care of by the market. Fees will come back to the Council . The motion was carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Item 9e RESOLUTION NO. 144-85 RESOLUTION SUPPORTING ADOPTION OF THE NEW TEXAS WATER PLAN AT THE NOVEM- BER 5, 1985, CONSTITUTIONAL AMENDMENTS ELECTION Moved by Councilman Harper that Resolution No. 144-85 be passed. Motion seconded by Councilman Palmer. Councilman Harper suggested that we begin to adapt our codes for water conservation, such as a three-gallon water closet, rather than a five-gallon. Mayor Cook agreed. The motion was carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None 46 Item 9f RESOLUTION NO. 145-85 RESOLUTION SETTING A PUBLIC HEARING FOR THE PAVING OF AN ALLEY EAST OF IVY LANE FROM NORTH OF GLENHAVEN DRIVE TO NORTH OF AVALON PLACE AND DIRECTING STAFF TO PREPARE PRELIMINARY CONSTRUCTION COST ESTIMATES Moved by Councilman Wilson that Resolution No. 145-85 be passed. Motion seconded by Councilman Welburn. Councilman Harper requested that Mr. Zelenok work with these people. Mr. Zelenok noted that they will have time to do so before November 5. Item 9g RESOLUTION NO. 146-85 RESOLUTION AMENDING THE CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY HERETOFORE ISSUED TO CLAUDIO RAMIREZ, SR. , FOR THE OPERATION OF A SECOND TAXICAB IN WICHITA FALLS Moved by Councilman Wilson that Resolution No. 146-85 be passed. Motion seconded by Councilman Palmer, and carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Thomas, Harper, Wilson, Palmer, and Welburn Nays: None Item l0a Councilman Harper asked about provisions for retirees in the budget. The City Manager stated that on January 1 , 1983, the Council adopted a 50 percent increase in the Consumer Price Index at the time of retirement. We have to update this periodically to stay where we are. Various options were discussed. Any of this is over the status of what we have now. Personnel Officer Jan Stricklin stated that if we do not update them this year, they are actually losing. This is for the 178 people already retired. The more the retirement, the less the dollar increase. The retirees have not kept up because of inflation. Without calculating it, she guessed they would be at 50 percent in 1986, if they had been increased the same as the current employees. She feels it should be addressed each year so that we don't get so far behind. Mayor Cook feels it should be looked at in the budget process. The City Manager stated that if there is interest in pursuing it, they can go back into the budget. Let the staff know which level , and they will try to find the money. Mrs. Stricklin explained that it would go into effect on January 1, 1986, but the Council would have to approve it before that time. Mr. Berzina stated that they would address it, and come back to the Council before that time. Councilman Harper noted that additional appointments to the Board of Adjustments and Appeals were needed. He suggested that these people that we name would meet with them each time so they will know what is going on, even if they cannot vote. Mayor Cook asked the media to announce that we need applications for alternates on the Board of Adjustments and Appeals. Councilman Thomas asked about classical music on the cable. Mayor Cook suggested that the franchise be looked at on their proposals for requested changes. 47 Item 9b RESOLUTION NO. 147-85 RESOLUTION RECOGNIZING MBANK WICHITA FALLS AS A PARTICIPATING BANK FOR CITY'S DEPOSITS, AND AUTHORIZING EXECUTION OF A DEPOSITORY CONTRACT WITH SUCH BANK Moved by Councilman Wilson that Resolution No. 147-85 be passed. Motion seconded by Councilman Harper. The City Attorney explained the difference in this type of depository, and the managing depository. Councilman Thomas feels that we are muddying the water too far, and our money needs to be somewhere else today. He would like to study the Interfirst proposal . If you don't bid, how will you determine where you put the money? Fred Werner, Chief Accounting Officer, stated that Parker Square bid 95 percent of the T-bill rate. They would solicit a quotation from all the three banks two days in advance. I Brent Gantz, from MBank , stated that they could bid on the bills, and work with the managing depository. It is possible that they could bid a T-bill , plus a percentage cost. Mr. Werner stated that what we are doing with the MBank today is that they would have the right to submit a quotation on time deposits. Councilman Thomas stated that our contracts ran out last night at midnight. Mr. Gantz stated that they felt it was in the best interest of MBank to only participate in the participatory depository contract, and not the management contract. The City Attorney agreed that they responded as a participating depository. The law requires that we put our money only in banks in which we have a depository contract. We can get the benefit of the higher rate by doing this. The managing depository makes it clear that they can handle demand deposits, provide banking services, and also take time deposits. Councilman Harper noted that we have a bid from Parker Square at 95 percent; MBank at 101 percent, and Interfirst stated they will tell us each time. Mr. Werner stated that he will take the highet bid. Councilman Thomas asked how long it will take to make back the $165,000 if we don't take the Interfirst bid? Councilman Harper noted that Proposal 2-A pretty well states where they are. Councilman Thomas stated that he hates to give up some money, and hope to get it back. Mr. Werner stated that he could call Interfirst and have them come up, and give the Council their position on it. Councilman Wilson noted that this does not lock us into 9 an thin it anything; just gives us an option. Parker Square chose to lock in at 95 percent. The other two banks chose to give us a bid each time. Councilman Swift stated that if Parker Square is locked into 95 percent, then the other banks could bid 96 percent, and they would be locked out. A motion was made by Councilman Harper to table this matter. The motion was not seconded. Councilman Wilson stated that he was the one who wanted to put this out for bids again. Mayor Cook suggested that Mr. Werner check with Parker Square to see if they want to offer something else. City Manager James Berzina stated that during the contract, Interfirst issued CD's, and now they are wanting to back off of them, so he does not see they are doing us any great favor. Mayor Cook asked if they can cancel CD' s already issued? The City Attorney stated that normally they can't. Councilman Thomas stated that they purchasedit on a 24-month period at a fixed rate. Mr. Werner has copies of the CD's. The City Attorney stated that the statute provides that whoever our depos- itory is, they have to provide security adequate to cover our deposits. The Council has required 110 percent. 48 Item 9b, cont'd. Councilman Thomas noted that treasury bills' monies do not stay in Wichita Falls. Mr. Berzina stated that all they are asking for today is authority to negotiate for the highest rate. Councilman Harper stated that they will pay the T-bill rate. They do not say they will purchase T-bills with it. At this time, representatives of Parker Square Bank and Interfirst Bank were present. Mayor Cook explained what had happened in previous discussions. Mr. Tucker, of Parker Square Bank, stated that they would be willing to make a competitive bid at that time, based on market conditions and maturity. They will not lock themselves into a specific percentage. Councilman Thomas stated that he does not understand how we can change what the minutes said. Mayor Cook noted that they are clarifying what was said. The City Attorney stated that he did not think the minutes correctly reflected the action taken. Councilman Thomas stated that he understood it. Mr. Tucker stated that he understood that they would award the bid on a managing depository. Whenever the City has money out for deposits, they will submit a competitive bid secured according to the state statues. Mayor Cook stated that with Interfirst there were questions by members of the Council on existing CD's. Mr. Berzina stated that the existing CD rate does not have an effect on the present CD's, but on those after that date. Frank Gibson, attorney for Interfirst, stated that they would submit a competitive bid for investments and CD' s each time. Mayor Cook stated that the Chief Accounting Officer has requested an opportunity to request a bid from each bank when monies are available. The City Attorney discussed managing and participating depository institu- tions. The City may solicit CD rate proposals. They can be placed with banks offering the highest rates. He feels we would be authorized to solicit a rate from Parker Square. Councilman Thomas stated that two years from now we need to have a thorough commitment from the Council on where they are going before the date of the depository contract. Jack Jeffus , with Interfirst Bank, asked for clarification of bidding procedures. Mr. Werner stated that he would call all banks within two minutes, and ask what rate they would propose. Mr. Jeffus asked if we normally accept verbal bids. on $40,000,000? Mayor Cook stated that he would consider it a quote on the going rate for that day. Mr. Gibson stated that the pattern Midwestern State University has used is that they give notice on Wednesday that written bids will be taken on Friday. He would feel that banks would like a more formal arrangement instead of a telephone call . Councilman Harper stated that he feels it would be better for Mr. Werner, also. Mr. Gibson asked if we would buy CD's or invest in government securities, stating that the Council will have to give the Finance Director the authorization on what to buy. Anytime we are investing the public 's money in anything except short-term investment, they may be doing something they should not be doing. Mr. Berzina suggested that written bids be taken on them, and have all banks come up and open them. Joe Prothro, of Interfirst Bank, thought that bids of a given amount have to be awarded by the Council . He asked if it would be the Council ' s intention Ito award these bids between the three participating banks? City Attorney H. P. Hodge stated that the state depository laws apply in this situa- tion. We are, in effect, awarding the contract right now. Mr. Prothro asked how the bid would be awarded if there is a tie? Mr. Werner stated if they were the same, it would be only fair to split them. Mr. Prothro stated that it may be fair, but what is legal ? Councilman Harper stated that the problem with that is that they may have bid for one million, and there may only be one-half million. Mayor Cook stated that if there is a tie, we would want to leave it where it is. Mr. Prothro noted that it may be new money. The City Attorney stated that there is something in competitive bidding that states when everything 49 Item 9b, cont'd. else is equal , you cast lots. Mr. Prothro suggested that the City supply the maturity date they wanted. Mr. Werner stated that would be one of the questions - - the amount of money, and the maturity date. Wire transfers would be used unless it is new money. Councilman Thomas stated that he is not in favor of jockeying this money around, and he suggested Interfirst Bank. Anytime you move money there is a risk. He is worried about our actions. Mr. Tucker stated that the issue of the managing depository was resolved. In participating depositories they are requiring a wire transfer on same-day interest. Money is moved from bank to bank several times a day without any problem. Mayor Cook stated that we are not jockeying or pushing money around. Mr. Werner will use the wire transfer. Mr. Werner stated that all money he receives has to be put in the depository. If he needs money to move around he uses a wire transfer, or writes a check. The CD's they currently deal with come in around 10 or 11 o'clock in the morning. Councilman Thomas asked what was so confusing that these banks did not understand the bid in the beginning? Mayor Cook noted there have been some changes pertaining to a bank giving a fixed bid. Councilman Thomas stated that the contract ran out at midnight last night, with a Now Account, which is a lot less interest. Mr. Werner stated that the bond procedures last week were done by a wire transfer. Mr. Jeffus stated there shouldn't be any loss of revenue when they are making these wire transfers. Mr. Gibson stated that in future depository contracts, as far as CD's are concerned, they will have a one-day overlap. CD' s will not be written to the end of the contract year. Councilman Harper asked if all our money will be invested in these three banks, or will we purchase treasury bills? Mr. Werner stated that he thinks the Council has given him authority to purchase treasury bills where he can get the best rate. It would be a wire transfer. Councilman Harper stated that he would hope that we would put 100 percent of our money in these three banks only. Councilman Swift stated that it seems they are making a multitude of participating depositories. He stated that they can sell treasury bills. The three banks in town should handle it all . Mayor Cook stated that it is our intention to get the highest rate for our money. Councilman Thomas asked if we had any money today that came due at midnight? Mr. Werner stated that it comes due October 4, and 7, 1985. Mr. Werner and Mr. Jeffus stated that the bank would guarantee the T-bill rate if the CD rate is lower. Mayor Cook and Councilman Harper agreed that we cannot afford to gamble with our money. Mr. Jeffus stated that there is some question of authority for the City to purchase T-bills. Mayor Cook requested the City Attorney to look into this. The motion for passage of Resolution No. 147-85 was carried by the following vote. Ayes: Mayor Cook, Councilmen Swift, Harper, Wilson, Palmer, and Welburn Nays: Councilman Thomas (Not because of the bank, but because of the way we are handling it. ) Item 9c RESOLUTION NO. 148-85 RESOLUTION RECOGNIZING PARKER SQUARE STATE BANK AS A PARTICIPATING BANK FOR CITY'S DEPOSITS, AND AUTHORIZING EXECUTION OF A DEPOSITORY CONTRACT WITH SUCH BANK Moved by Councilman Wilson that Resolution No. 148-85 be passed. Motion seconded by Councilman Palmer, and carried by the following vote. 50 Item 9c, cont'd. Ayes: Mayor Cook, Councilmen Swift, Harper, Wilson, Palmer, and Welburn Nays: Councilman Thomas Councilman Harper would like the purchase to be restricted to one of the participating banks, rather than an outside bank. The City Attorney will make this a part ofi.his report. Mr. Gibson asked if the Council has a set perimeter on the length of time of a T-bill ? Mr. Werner stated that he thought it was about one year, or slightly beyond. The City Council adjourned at 11:30 A.M. PASSED AND APPROVED this day of 1985. x i zz"Ov.'O'*�Z�" G y . Coo ayor i ATTEST: jhlx YUt) ' Wi ma J. Thoma , CMC, City Clerk