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121 Regular Meeting March 26, 1984 Page 5 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING CHAPTER 25, ARTICLE I, SEC- TION 25-1 OF THE CODE OF ORDINANCES OF SAID CITY TO PROVIDE THAT THE PUBLIC SQUARE, STREETS, ALLEYS OR SIDEWALKS OF SAID CITY MAY BE USED FOR ANY LAWFUL PURPOSE AS PROVIDED BY CHAPTER 29, ARTICLE I, SEC- TION 29-16 OF SAID CODE AND DECLARING AN EFFECTIVE DATE. Mr. Guerra moved for approval of the Ordinance on second reading and Ms. Kissler seconded the motion, which passed unanimously. Mr. Brown introduced for consideration the adoption of an Ordinance on third and final reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING SECTION 29-120 OF ARTICLE V ENTITLED "TRAFFIC CONTROL DEVICES" OF CHAPTER 29 OF THE CODE OF ORDINANCES OF SAID CITY TO DESIGNATE CERTAIN LANES OF TRAFFIC FOR RIGHT AND LEFT TURNS ONLY; DESIGNATING THREE ADDITIONAL LANES OF TRAFFIC FOR RIGHT OR LEFT TURNS ONLY; AND DECLARING AN EFFECT- IVE DATE. Mr. Farr moved for the adoption of the Ordinance and Ms. Kissler se- conded the motion, which passed unanimously. Mr. Brown introduced for consideration the adoption of an Ordinance on third and final reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING CHAPTER 29, ARTICLE V, SEC- TION 29-122 OF THE CODE OF ORDINANCES OF SAID CITY TO ADD STOP SIGNS AT THE INTERSECTION OF SAN ANTONIO STREET AND HARVEY STREET IN SAID CITY, TO DELETE A LOCATION AT WHICH DRIVERS OF VEHICLES APPROACHING FROM THE INDICATED DIRECTION SHALL STOP AT A STOP SIGN POSTED AT SAID INTERSECTION IN SAID CITY AND DECLARING AN EFFECTIVE DATE. Mr. Guerra moved for adoption of the Ordinance and Ms. Kissler second- ed the motion. Mr. Yoakum who resides in this area voiced concern for the speed of the drivers in this area. After discussion the Council moved to delete SECTION 2. of the Ordinance in its entirety to address Mr. Yoakum's concern. Mr. Moore moved to delete SECTION 2. of the Ordinance and Ms. Kissler seconded the motion, which passed unanimously. The Council then voted unanimous approval for adoption of the Ordinance. At this point in the meeting, the Council returned to Items 6, 7 and 8 on the agenda. The Council had received and reviewed the bids and received the recommendation on award of the sale of the $5,800,000.00 City of San Marcos, Texas, Combination Tax and Revenue Certificates of Obligation, Series 1984-A from Messrs. Bill Harrison and Rick Fisher. Mr. Brown moved to award the sale of the $5,800,000.00 City of San Mar- cos, Texas Combination Tax and Revenue Certificates of Obligation, Series 1984-A to Underwood-Neuhaus & Company, gross interest cost: $8,110,787.50, less premium of $0.0, net interest cost $8,110,787.50, effective interest 9.98763, and Ms. Kissler seconded the motion. On roll call the following vote was recorded: AYE: Brown, Farr, Guerra, Kissler, Moore. NAY: Kreczmer. ABSTAIN: None.