11141956 Regular Meeting - Laserfiche WebLink

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/;~'/- ~ HEGULAR MEETING NOVEIvmEH 14, 1956 On tbis, the 14th day of November 1956, at 2:00 P. M. the City Council of the City o~-> San Marcos, Texas, met in a re~Ju12r meeting at the City Hall in Sa.n Marcos, lNi"t.Jl the following members ;)T8sent and participating: I Calvin M. Allen, Mayor S. R. Beecroft, Alderman B. D. Hillburn, Alaerman Herman Korff, Alderman W. M. Davis, Alderman OthSIS present were: John Cox, J. E. Younger:!, Jr., Albert Walker, Harry Snowdy~ Ce;:!s2r Damon, Bob PolleI'd, r'Jinstoon Patton, uV.. G. Barbee, Ernrnitt Colvin~ end Fredericka Hopkins. A quorum being present, th0 meeting was called to order by Acting Mayor C. M. Allen and the follo".;Jing transpired; Mr. GeOl'g0 Small OT d.uss & Company C2.r~1e before the Council to exolain the technicali ties of turnina the "Fire Ste,tion Warrants into Hefunding Bonds ~ The Council asked if it WGul~ be legal for the City to buy some of the bonds. Mr. Small stated. that it would oe legal for them to buy and hold them. Mr.. Small was further 2sked if the City could buy these bonds at ;Jar and Mr. Small said no, his firm would have to sell them at 102. After some discussion it Vias decided that chese bonds be set up in $5,000.00 principal payments and over a period of iifteen to sixteen years. I The next business to come before the Council was the of Mr. John Cox vdth regard to the property that -the City must acquire the ~.)2:rvice Investment Corporation and Mrs. Virginia Cox, :for the expanded Ti9'ht-o-f-~~ay Lor 81. Jv'irs. Vil~sini2 Cox d.id not appCdI'; but a letter from her is on file her objections and proposals identical lldth those of the :;erv:l.ce Invest,nent Corparation. Each of these parties own three approximately fifty ~oot wide lots fronting on the Highway. The state requires a strip off of the front of each Or these lots.. Thus each of the parties had been of'::"uTed :]) 569.67 for their each of them having .1715 of an acre needed for the Highway, including a street~ This pTice being arrived at from the average ger acre basis of compensation fixed Some weeks ago by the City. Mr. Cox askea hQi;V the City arrived at the 3igure offered. It was explained again to hirn t.hat all purchases were ~igured on a per acre basis; that all property owners have been getting the sume price on this basis; that other prop-erty owners have thought this 2 -Edir price and have accspted same without di:rficulty. I.~. was further explained to Mr. Cox that he was setting the best of the bargain, because the irontage of a dedicated street, 50 feet, was counted in his acreage basis price caJcuJ_ation. Mr. Cox stated that he had paid $1,;250.00 for each of the lots :22, 23, 24 in 1950. That 2n appra2.sal board m2de up of Tom Breeze~ Mr. Butler, Henry C. Autry, and Mrs. Bert !if.iller appraised the lots at $1,290.00 each. Mr. Cox stated that they didn't want to sell 2 strip off the lot~-; and to take this figure that the City oL~ered \Nould impair the Corporation's capital. He then turned the di~)Cu.5s_ion over to Mr. J. E. Younger, Jr.. I Mr. Younger said that he had this propostion to offer: That the City buy lot 21 which lies directly in back of anc across the back of lots 22, L3~ & 2~ for $l,OCO~OO and deed to them.. By possessing this lot they could add 50 feet to the depth of the three lots. He further stated that besides this lot 21 deeded to them they would also expect the $569.67. JVlr. KOI'fi then saie that the Higrlway Department would leave 2C feet o:~ par~n1J2Y, behind the curb, l.Nhich would be for utilities, but which could be used as parking space. Mr. YOU[lgG"~' ended by s2ying that if the City did not think the Service Investment Corporation'~ offer fair, they could start Gomdemnation suit. The,Council said they wanted to further discuss the matter and would let them heer . The nexr business berore the Council was a statement by Mr~ Emmett Colvin. He said that he was the San Marcos Civil Defense Director and had the understanding that COIrJil1unications Equipment to be used for Civil Defense can be bought for ha.lf the list price.. He said he was going to investigate and see if the City could get a rebate on what they have already purchased for the fire stations and "fire trucks, ~