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103 Regular Meeting February 11,1985 Page 6 Mayor Craddock moved for adoption of the Resolution and Ms. Kissler seconded the motion. Betty Stansbury said it would be a weekend business for Mr. Van Buren and it was office space only. Mr. Moore expressed concern for the cheap rental of the airport property when we are in a high growth area and when there are such problems in Austin and San Antonio with airports. Ms. Stansbury said our rate was competitive and we needed to maintain a rate that would attract businesses and reminded the Council we still h~ no utilities at the airport. On roll call the following vote was recorded: AYE: Coddington, Farr, Craddock, Guerra, Kissler. NAY: Moore. ABSTAIN: None. It was consensus of Council for the Mayor to complete the blanks in the agreement as to commencement and termination as appropriate. Mayor Craddock introduced for consideration adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF A PROPOSED AGREEMENT BETWEEN SAID CITY AND R. C. HOPPE AND KEN RICE, OWNERS, PROVIDING FOR THE ALLOCATION OF LOW-INCOME RENTAL UNITS IN AN APARTMENT PROJECT IN THE CITY OF SAN MARCOS TO BE BUILT WITH 6.6 MILLION DOLLARS OF INDUSTRIAL DEVELOPMENT BONDS TO BE ISSUED BY THE CAPITAL AREA HOUSING FINANCE CORPORATION; AUTHORIZING THE MAYOR TO EXECUTE SAID AGREEMENT; AND DECLARING AN EFFECTIVE DATE. Mr. Farr moved for adoption of the Resolution and Ms. Kissler seconded the motion. On roll call the following vote was recorded: AYE: Coddington, Farr, Craddock, Guerra, Kissler. NAY: Moore. ABSTAIN: None. Mayor Craddock introduced for reconsideration authorization and approv- al of the issuance of bonds by the Capital Area Housing Finance Corpora- tion for San Marcos Ranch Development (228 multi-family units on Ranch Road 12) (first considered by Council December 17, 1984). Mr. Farr moved for authorization and approval for the issuance of the bonds with the preceding Resolution and agreement to be included in the Council's approval of the issuance of the bonds. Ms. Kissler seconded the motion. On roll call the following vote was recorded: AYE: Coddington, Farr, Craddock, Guerra, Kissler. NAY ~ Moore. ABSTAIN: None. Mayor Craddock introduced for consideration the date of termination (in Section X) of the Agreement for the Mutual Aid in Fire Protection with the South Hays County Volunteer Fire Department, Inc., which th~ Council adopted by Resolution January 28, 1985. Mr. Coddington moved the date of termination be October 1, 1986 and Ms. Kissler seconded the motion, which passed unanimously.