CouncilTrac · Meeting

City Council — January 27, 2020

Minutes posted 6:00 PM · Civic Center/City Hall, 411 W. Arapaho, Richardson, Tx, Council Meeting – 7:00 Pm, Council Chambers

18 items · 15 approved

Meeting summary

18 agenda items · 3 public hearings · 6 consent items · $975,579 in spending items · 4 zoning cases

Ceremonial · 2 items routine
  • Approved Item 5 Ordinance

    Authorize issuance of General Obligation Refunding Bonds, Series 2020

    The city proposes to refinance existing debt by issuing new General Obligation Refunding Bonds, Series 2020, which can lower interest costs without taking on new debt. Council would adopt Ordinance No. 4326 to authorize the bond sale.

    Refinancing existing bonds at lower interest rates can save taxpayers money on debt service costs.

  • Approved Item 6 Ordinance

    Authorize issuance of Certificates of Obligation, Series 2020

    The city proposes to issue Combination Tax and Revenue Certificates of Obligation, Series 2020, to fund city projects. Council would adopt Ordinance No. 4327 to authorize the sale.

    Certificates of obligation are a form of city debt backed by taxes and revenues that funds capital projects, affecting future budgets.

  • Approved Item 7 Ordinance

    Authorize issuance of Adjustable Rate General Obligation Bonds, Series 2020A

    The city proposes to issue Adjustable Rate General Obligation Bonds, Series 2020A. Council would adopt Ordinance No. 4328 to authorize the sale.

    Adjustable rate bonds carry interest-rate risk that can affect city finances and indirectly the tax rate over time.

  • Approved Item 11 Zoning

    Variance to allow a flag lot at 2900 Telecom Parkway to enable building sale

    The owner of a 38.4-acre property at 2900 Telecom Parkway is asking for a variance from the city's subdivision code to allow Building 4 (2940 Telecom Parkway) to be sold as a separate flag lot — a lot that lacks direct frontage on a public street.

    Approving this variance would allow a commercial building to be split off and sold separately, affecting how that large tech-corridor property is developed and accessed.

  • Approved Item 12 Ordinance

    Update city rules for mobile food vendors

    Council is asked to adopt Ordinance No. 4329, which amends Chapter 12, Section 12-121 of the city's code of ordinances to change the regulations that govern mobile vendors.

    Changes to mobile vendor rules can affect where and how food trucks and other mobile vendors operate in Richardson.

Other business · 2 items routine