10271986 Regular Meeting - Laserfiche WebLink

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48 Regular Meeting October 27, 1986 Page 8 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, FINDING Tr~T AN EXCESS OF $687.96 IN REAL PROPERTY TAXES WAS PAID BY THOMASON FUNERAL HOME, FINDING SAID AMOUNT TO BE ERRONEOUS, AUTEORIZING AND APPROVING A REFUND IN SAID AMOUNT BY THE TAX COLLECTOR, AND DECLARING AN EFFECTIVE DATE. Mayor Younger moved for adoption of the Resolution and Mr. Nicola seconded the motion. Mr. Hankins advised the Council the Tax Office had made an error in the amount, and the correct amount should be $1,308.72. Mayor Younger then moved to amend the Resolution in all places to change the amount to $1,308.72 and Ms. Kissler seconded the motion, which passed unanimously. The Council then voted unanimously for adoption of the Resolution. Mayor Younger introduced an addendum to the Agenda, adoption of a Resolu- tion, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS PINALLY APPROVING THE PURCHASE AGREEMENT BETWEEN THE LOWER COLORADO RIVER AUTHORITY AND THE CITY OF SAN MARCOS, TEXAS FOR THE PURCHASE OF CERTAIN ELECTRIC UTILITY DISTRIBUTION AND GENERAL PLANT FACILITIES SERVING THE CITY, PINALLY APPROVING THE WHOLESALE POWER AGREEMENT BETWEEN THE LOWER COLORADO RIVER AUTHORITY AND THE CITY OF SAN MARCOS, TEXAS, FINALLY APPROVING THE OPERATING AGREEMENT BETWEEN THE LOWER COLORADO RIVER AUTBORITY AND THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING SIGNATURE OF THE PURCHASE AGREEMENT BY THE MAYOR OR CITY MANAGER AND FURTHER AUTHORIZING THE MAYOR OR CITY MANAGER OR SPECIAL LEGAL COUNSEL OF THE CITY, JOHN W. DAVIDSON OR THOMAS H. PETERSON, TO EXECUTE ON BEHALF OF THE CITY ANY AND ALL DOCUMENTS REQUIRED TO CLOSE THE PURChASE AND TO TAKE ANY ACTION WHICH THE CITY MAY BE REQUIRED TO TAKE AT THE CLOSING OP THE SALE OF SAID FACILITIES BY THE LOWER COLO- RADO RIVER AUTHORITY TO THE CITY, DIRECTING ELECTRIC SYSTEM FUNDS TO BE DEPOSITED UNDER THE DIRECTION OF THE DIRECTOR OF FINANCE, AND DECLARING AN EFFECTIVE DATE. Mr. Farr moved for adoption of the Resolution and Ms. Kissler seconded the motion. Mr. Davidson advised the Council the Purchase Agreement needed to be amended to add the figure of $9,240,322.38 on Page 9 and that the exhibits were not attached to the agreement, such as 438 ease- ments. He stated it was his opinion that the facilities could not be separated from the land. he stated the City has the right to purchase the step-down facilities when the Operating Agreement expires unless LCRA needs them to serve other customers, such as Camp Gary. Mayor Younger moved to amend the Resolution to add the $9,240,322.28 figure to Page 9 of the Purchase Agreement and Mr. Farr seconded the motion. On roll call of the amendment, the following vote was recorded: AYE: Farr, Younger, Guerra, Kissler, Nicola. NAY: None. ABSTAIN: Coddington. On roll call for adoption of the Resolution, the following vote was recorded: