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Austin Funds Water, Light, Sewer

Friday, March 1, 1935 special called
  • Secured major utility funding:

    Approved the sale of $354,000 in revenue bonds for the city's water, light, and sewer systems, pending federal Public Works Administration (PWA) approval.
  • Prioritized City Hall record protection:

    Initiated an investigation into safeguarding invaluable and often irreplaceable city records, with replacement costs estimated at $250,000.
  • Cleared land for development:

    Accepted bids for the sale of houses and building sites, preparing the right-of-way for the proposed South Congress Avenue extension.
  • Addressed zoning requests:

    Reviewed petitions for zoning changes, including one for a new lumber yard on South Congress Avenue and another for a neighborhood near East 45th and Red River Streets, temporarily halting new business permits in the latter area.

Full Transcript

64 tangency of said curve; thence continuing with said proposed east line of the San Antonio Road, or Post Road, S. 37°22 W. 196.56 feet to an iron stake set in the south line of said Hamilton tract and in the north line of the aforesaid Graham to Flury tract; thence N. 52°33' W. 35.59 feet following the common line between the Hamilton and Flury tracts to the place of the beginning, containing 10,206 sq. ft. of land; upon condition that good title is shown to said land upon examination by the City Attorney. THAT the certain resolution authorizing the purchase of the above described land passed by the City Council on February 21, 1935, 1s hereby repealed, Upon motion of Councilman Wolf, the foregoing resolution was adopted by the following vote: Ayes, Councilmen Bartholomew, G11118, Mayor Miller, and Councilman Wolf, 4; nays, none; Councilman Alford absent, 1. Councilman Bartholomew moved that the City Manager and the City Engineer be instructed to investigate the conditions that exist at the City Hall and recommend to the City Council such plans or suggestions as they may think best to properly safeguard and protect the records of the City Hall, which, it is estimated, would cost approximately Two Hundred Fifty Thousand Dollars to replace, and some of which could not be replaced. The motion carried by the following vote: Ayes, Councilmen Bartholomew, G11118, Mayor Miller, and Councilman Wolf, 4; nays, none; Councilman Alford absent, 1. There being no further business, Councilman Gillis moved to recess subject to call of the Mayor. The motion carried by the following vote: Ayes, Councilmen Bartholomew, G11118, Mayor Miller, and Councilman Wolf, 4; nays, none; Councilman Alford absent, 1. The Council then recessed at 12:30 P. M. Attes Fallee Mell City Clerk SPECIAL MEETING OF THE CITY COUNCIL: Approved: Jom Milla. Mayor. Austin, Texas, March 1, 1935. The meeting was called to order with Mayor Tom Miller presiding. Roll call showed the following members present: Councilmen C. M. Bartholomew, Simon Gillis, Mayor Tom Miller, and Councilman Oswald G. Wolf, 4; absent, Councilman C. F. Alford, 1. In response to the request of the City Manager, the following proposal for the purchase of Revenue Bonds was received by the City Council: "Austin, Tехав March 1, 1935 i To the City Council Austin, Texав. Gentlemen: We, the undersigned bidders, propose to purchase from the City of Austin $354,000.00 City of Austin 4% Revenue Bonds of the Water, Light and Bewer Systems, Series 1934, at price of $103.11 plus accrued interest, Austin delivery, said bonds with numbers and maturity dates being specifically set out in the schedule herewith attached. It is further understood and agreed that the undersigned firms will pay for the cost of the opinion of either Chapman and Cutler or Thompson, Wood and Hoffman as to the legality of the bonds, this blå being subject to the approval of either of the firme above men- tioned. It is further understood and agreed that this bid is made subject to the City of 65 Austin obtaining permission from the Public Works Administration to sell said bonds as bid without invalidating in any way the Loan and Grant Agreement on the various docket numbers heretofore entered into between the City of Austin and the Federal Government concerning the Grant provisions and the future delivery of unsold bonds of this вате issue to the Federal Government. Attached are Cashier's Checks aggregating $10,000.00 as good faith of the bidders and obligating the consummation of the terms of this contract bid, and in the event of their failure to comply with the terms of this Agreement, said sum shall become the property of the City of Austin as liquidated damages resulting through their failure in all particulars. If the City is unable to carry out this Agreement and fails to obtain said permission from the United States Government, or if the attorneys fail to approve the legality of these bonds, in all particulars, said checks are to be returned and this Agreement is to be null and void. The City undertakes to exercise due diligence in endeavoring to obtain the approval of the Federal Government of the provisions of this contract and sale. Delivery of the bonds is to be made thirty (30) days from the date of this Agreement, provided said Government approval is obtained within this time limit. Yours very truly, Southwest Investment Company, Austin By (Sgd) J. T. Bowman Mahan-Dittmar and Company, San Antonio By (Sgd) H. S. Stewart Donald O'Neal Company, Dallas By (Sgd) Murray Moore Rauscher-Pierce Company, Dallas By (Sgd) Murray Moore (Schedule attached) P. W. A. REVENUE BOND SERIAL NUMBERS Allocated to Docket Nos. 4869, 2863, 4870 2863 4869 Nos. Amount Νοβ. Amount 4870 Nos. Amount July 1, 1935 10-20 $ 11,000.00 21-30 $ 10,000.00 31-40 $ 10,000.00 July 1, 1936 97-107 11,000.00 108-117 10,000.00 118-128 11,000.00 July 1, 1937 183-194 12,000.00 195-204 10,000.00 205-215 11,000.00 July 1, 1938 269-281 13,000.00 282-291 10,000.00 292-303 12,000.00 July 1, 1939 355-367 13,000.00 368-377 10,000.00 July 1, 1940 441-454 14,000.00 455-464 464 376-389 12,000.00 10,000.00 465-476 12,000.00 July 1, 1941 527-540 14,000.00 541-550 10,000.00 551-563 13,000.00 July 1, 1942 613-627 15,000.00 628-637 10,000.00 638-650 13,000.00 July 1, 1943 698-712 15,000.00 713-722 10,000.00 723-735 13,000.00 July 1, 1944 783-798 16,000.00 799-808 10,000.00 809-821 13,000.00 $134,000.00 $100,000.00 $120,000.00 Councilman Wolf offered the following resolution: BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF AUSTIN: THAT the proposal of the Southwest Investment Company, by J. T. Bowman, Mahan-Dittmar and Company of San Antonio, by H. S. Stewart, Donald O'Neal Company of Dallas, by Murray Moore, and Rauscher-Pierce Company of Dallas, by Murray Moore, for Three Hundred Fifty-four Thousand Dollars ($354,000.00) of City of Austin 4% Revenue Bonds of the Water, Light and Sewer Systems, Series 1934, at a price of $103.11 plus accrued interest, to be delivered at Austin, Texas, be accepted; and the City Manager be and he is hereby authorized and directed to execute the necessary acceptance of the proposal and complete the sale. The foregoing resolution was adopted by the following vote: Ayes, Councilmen Bartholomew, Gillis, Mayor Miller, and Councilman Wolf, 4; nays, none; Councilman Alford absent, 1. The following acceptance was then executed by the City Manager: 66 "Austin, Tехав March 1, 1935. The above Agreement is accepted as ordered by Resolution passed this date by the City Council, City of Austin. City of Austin by (Sgd) Guiton Morgan, City Manager. " Upon motion of Councilman Wolf, seconded by Councilman Gillis, the Council then recessed, subject to call of the Mayor, by the following vote: Ayes, Councilmen Bartholomew, G1111s, Mayor Miller, and Councilman Wolf, 4; nays, none; Councilman Alford absent, 1. Attest: Itallic Mo City Clerk REGULAR MEETING OF THE CITY COUNCIL: Approved: Jom Milla. Austin, Texas, March 7, 1935. The meeting was called to order at 10:45 A. M., with Mayor Tom Miller presiding. Roll call showed the following members. present: Councilmen C. F. Alford, C. M. Bartholomew, Simon G1111s, Mayor Tom Miller, and Councilman Oswald G. Wolf, 5; absent, none. The reading of the Minutes was dispensed with. The City Manager submitted to the Council a tabulation of bids received on the 4th instant for the purchase of the four houses and three building sites adjacent thereto situated within the right-of-way lines of the proposed South Congress Avenue extension. Councilman Gillis moved that the bids of s. P. Tadlock for House No. 1, House No. 2, Lot A and Lot B, in the amount of $3,510.00; F. C. Odell for House No. 3, in the amount of $676.50; H. Joseph for House No. 4, in the amount of $802.00; and W. L. Moore for Lot C, in the amount of $800.00, the total of said bias being $5,788.50, be accepted and the City Manager be authorized and directed to execute all necesвагу papers for the sale of said properties to said bidders and to return the certified or cashier's checks of the unsuccessful bidders. The motion was seconded by Councilman Alford and carried by the following vote: Ayes, Councilmen Alford, Bartholomew, Gillis, Mayor Miller, and Councilman Wolf, 5; nays, none. The petition of property owners asking for a change in the zoning classification of property contiguous to the intersection of East 45th and Red River Streets was referred to the Board of Adjustment for a report on the matter and the Building Inspector was instructed to issue no permit for store or other business in this district while the matter is pending. The application of Mrs. J. K. Eichelberger, owner, by Henry Wendlandt, agent, for a change in the zoning classification of Lot 4, less the north 12 feet, and all of Lot 5, in Block B-7, Sweetman Addition, known as 2008 South Congress Avenue, from Commercial "C" District to Industrial "D" District, in order. to permit the establishment of a lumber yard