04.25.1962 Town Council Minutes41
The Town of Prosper.
Prosper, Collin County, Texas
The Board of Commissioners of the Town
of Prosper met in calle d session in the Prosper State Bank Bld. g
in the Gown of Prosper, on April 25th, 1962, with the following
present
U. N. Clary, Mayor
Roy Skelton, Commissioner
C. E. Bell, Commissioner.
Absent, None.
The Mayor announced that the purpose of the
meeting was to discus the matter of street improvements, and the
binds that have been made.
Mr. A. C. Glendenning submitted a bid
of $ 1. 25 per lineal foot for curb and gutter, plus any sales tax
that might be imposed.
Mr. Olen McBride submitted a bid for
excavating and grading of 92 cents per square yard, which would
be sevencents for excavation and 85 cents for grading.
Binds were qurd ered filed in the Ordinance
file, under the date of April 25th, 1962.
Magrreported that he had written to the
First Southwest Company, for finance information, and replies
had been received as follows; First: They report that the
maximum amount of bonds that can be issued on the present
valuations, would be 1$ 15, 000. 00. 'Le Commissioners agreed
that that amount would be sufficient to pave only one of our streets,
and woiAd be clearly insufficient. Second: They report that
in the handling of "Paving Certificartes" given by property owners
to pay for paving, that they have a minimum of $ 100, 000. 00,
of such certificates. This is clearly beyond the total cost
of any proposed paving/ Correspondence was ordered filed
in the Ordinance file, as of April 25th, 1962.
All warrants, issued since the date of the
last meeting, were duly approved.
No further business the`meetig ig adjourn ed.
Mayo