11241986 Regular Meeting - Laserfiche WebLink

Home Browse Search

40 Regular Heeting November 24, 1986 Page 3 GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM, FOR SERVICE PERFORMED BY QUALIFYING ME~rnERS OF SUCH SYSTEM IN THE EMPLOYMENT OF SAID CITY AND TO CHANGE THE DATE ON WHICH CALCULATIONS OF UPDATED SERVICE CREDITS ARE BASED UNDER SAID ACT FOR SERVICE PERFO~iED BY QUALIFYING MEMBERS OF SUCH SYSTEM WHO HAVE UNFORFEITED CREDIT FOR PRIOR SERVICE AND/OR CURRENT SERVICE WITH OTHER PARTICI- PATING MUNICIPALITIES BY REASON OF PREVIOUS SERVICE AND WHO WERE CONTRIBUTING MEMBERS ON JANUARY 1, 1986; AMENDING SECTION 2-44(b) OF SAID DIVISION OF SAID ARTICLE OF SAID CHAPTER OF SAID CODE TO CHANGE THE DATE ON WHICH CALCU- LATIONS OF THE INCREASE IN RETIREMENT ANNUITIES ARE BASED; AND DECLARING AN EFFECTIVE DATE. Mr. Guerra moved for approval of the Ordinance on first reading and Ms. Kissler seconded the motion. Gary Anderson of the Texas Municipal Retirement System advised the Council that adoption of this Ordinance would cost the City $2,779 over the present year and that the funds were budgeted. The Council voted unanimously for approval of the Ordinance on first reading. ~myor Younger introduced for consideration approval of an Ordinance on first reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, ABANDONING AND VACATING A 14.44 FEET BY 115 FEET PORTION OF BURLESON STREET, AND BEING THAT PORTION WHICH ABUTS LOTS 3 AND 4, BLOCK 10 OF THE L. W. MITCHELL'S SECOND ADDITION TO HAYS COUNTY, TEXAS, AUTHORIZING THE MAYOR OF SAID CITY TO EXECUTE A SPECIAL WARRANTY DEED REFLECTING PAYMENT OF THE FAIR MARKET VALUE OF $110.00, AND DECLARING AN EFFECTIVE DATE. Ms. Kissler moved for approval of the Ordinance on first reading and Mr. Guerra seconded the motion. Mr. Farr stated $110.00 for the purchase of the right-of-way was not adequate compensation. Mayor Younger agreed with Mr. Farr. Mr. Hankins advised the Council that the amount could be set by whatever the parties agree to, that the $110.00 is just the appraised value. Susan Braden, who is in the process of trying to purchase this property, advised the Council she was there to answer any questions the Council may have. Mr. Guerra stated he is in favor of the Council expediting this matter. Ms. Braden requested the Council consider adoption of the Ordinance by emergency, as her loan expires the first week in December. Mayor Younger moved the Ordinance by amended to be adopted on emergency rather than three readings and Mr. Coddington seconded the motion. Mayor Younger stated he felt the City was losing by selling the property at this value and suggested the City should be reimbursed for out-of-pocket expenses involved and that the amount be changed to $250.00. Mr. Brown stated he would be interested in the City looking at costs involved in the future regarding such matters. The Council then voted unanimously for adoption of the Ordinance on emergency. Mayor Younger introduced for consideration approval of an Ordinance on first reading, the caption which was read as follows: AN ORDINANCEOF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING SECTION 30-43 OF DIVISION 4, SEWAGE SYSTEM CAPITAL RECOVERY FEE, OF ARTICLE II OF CHAPTER 30 OF THE CODE OF ORDINANCES OF SAID CITY TO ALLOW PAYMENT OF CAPITAL RECOVERY FEES IN TWO INSTALL- MENTS, AMENDING SUBSRCTION 5 OF SECTION 30-45 OF SAID DIVISION 4 OF SAID ARTICLE II OF SAID CHAPTER OF SAID CODE TO AMEND THE FACTOR TO BE USED TO COMPUTE LUE'S FOR RESTAURANT/BAR USES OF PROPERTY FROM .0046 LUE/SQUARE FOOT OF BUILDING TO .001 LUE/SQUARE FOOT OF BUILDING