The council heard a presentation from Manticore Oil & Gas representative James “Tres” Eaton regarding Manticore’s intent to drill an Eagle Ford well that will allow the town of Falls City to participate in the Falls City Unit.
Eaton and his associates have spent the last four months in Falls City researching title work and acquiring mineral leases for the city. They have also outlined the total mineral acreage and property that is owned by the city of Falls City that is within the city limits, and also established a drill site.
“Manticore is excited to be here and we look forward to developing a well in the Eagle Ford Shale for the benefit of the residents and mineral owners of Falls City, Texas,” said Eaton after the meeting. “Some of these people in Falls City didn’t know that they owned minerals right under their own house and property. We’re putting this unit together ourselves, and for a lot of people here, this is their only opportunity to get a well. Our intentions are to drill a well and get everyone in Falls City a piece of this Eagle Ford.”
The council decided to continue to explore all options and go out for multiple bids once all properties that are owned by the city were totaled and assessed, in order for the city to get the best bid possible, according to Mayor Brent Houdmann. More information will be forthcoming as research and official decisions are finalized.
In other matters, the council:
•Passed a resolution for signatories for the 2012 Texas Community Development Block Grant (TxCDBG)
•Passed a resolution adopting Section 3 policy for the 2012 TxCDBG
•Passed a resolution on awarding contracts for management administration and engineering services for the TxCDBG Disaster Relief Fund
•Approved the 2010-2011 city audit prepared by Wayne Beyer, CPA. The city was given a clean audit
•Passed revisions made to the zoning ordinance to regulate sexually oriented businesses. Though no such type businesses are in the city now or are planning to come at present, the city wants to be pro-active in its regulations if it were to occur, according to city attorney Acie McAda
•Approved tax assessor-collector Brenda Janysek to calculate the tax rate.