05131985 Special Meeting - Laserfiche WebLink

Home Browse Search

26 MINUTES OF THE SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, MAY 13, 1985 PRESENT: Mayor Emmie Craddock Council Members Karl W. Brown Bill Coddington Gerald G. Farr Fred Guerra * Betty Jane Kissler William C. Nicola City Manager A. C. Gonzalez City Secretary Janis K. Womack City Attorney Lamar W. Hankins Assistant City Manager Robert T. Herrera Director of Finance Nora Chavez Acting Director of Personnel Carolyn Liner Director of Env. and Engineering Steve Jenkins Also Present: Jack Lindstrom, Rick Fisher, Bill Harrison, Melissa Millecam, Mark Hendricks and others. Mayor Craddock called the meeting to order at 7:30 p.m. Mayor Craddock introduced for consideration the receiving of bids and the award of sale of $3,020,000.00 General Obligation Bonds. Bill Harrison of First Southwest Company opened the bids and read them into the record, nine bids being received as follows: 1. MBank Capital Markets Group, Dallas Gross Interest Cost $3,174,487.92 Less: Premium -0- Net Interest Cost $3,174,487.92 Effective 8.732317% 2. Republic Bank, Dallas Gross Interest Cost $3,227,037.50 Less: Premium -0- Net Interest Cost $3,227,037.50 Effective 8.876868% 3. Merrill Lynch Capital Markets Gross Interest Cost $3,204,196.67 Less: Premium -0- Net Interest Cost $3,204,196.67 Effective 8.8140% 4. Capitol Municipal Securities, Inc. (Kidder Peabody & Co.) Gross Interest Cost $3,161,498.32 Less: Premium -0- Net Interest Cost $3,161,498.32 Effective 8.696584% 5. Underwood, Neuhaus & Co., Inc. Gross Interest Cost $3,204,248.34 Less: Premium -0- Net Interest Cost $3,204,248.34 Effective 8.814180% * Ms. Kissler was not present at this meeting.