09271993 Regular Meeting - Laserfiche WebLink

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71 MINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, SEPTEMBER 27, 1993 PRESENT: Mayor Kathy M. Morris Mayor Pro-Tem Bill Plummer Council Members Billy G. Moore Robert Mooney - - Ronald K. Hart * Fred Guerra Joe B. Cox, Jr. City Manager Larry Gilley city Secretary Janis K. Womack city Attorney Mark Taylor Director of Planning and Dev. Ron Patterson Fire Chief Dan O'Leary Director of Public Works George Boeker Director of Human Resources Carolyn Liner Director of WIC Eddie Ortega Director of Parks and Recreation Rodney Cobb Also Present: Lisa Garza, Erasmo Pompa, Renate Rojo, Collette Duran, Leonard Cardenas, Kim Bradley, vicki Fruit, Phil Nabors, Melissa Millecam, Joe Castillo, Jane Hughson, KelTy Franks and others. Mayor Morris called the meeting to order at 7:30 p.m. Mayor Morris introduced the ten-minute citizen comment period with City Council. No one signed up to speak during this period. Mayor Morris introduced confirmation of the City Manager's appointment to the civil Service Commission. Mr. Gilley had no appointment to confirm, and this will be rescheduled October 11. Mayor Morris introduced for consideration approval of an appointment to complete a vacancy on the Electrical Board. No name was submitted. The city Council directed an amendment to the Ordinance be prepared to allow one at large position or a Master Electrician and presented at the next meeting. -- Mayor Morris introduced a public hearing regarding the City's Revolving Loan Fund Program, including (1) proposed projects, (2) the amount of funds being requested, (3) the estimated amount of funds proposed for activities that will benefit low/moderate income persons, and (4) the plans of the city to minimize displacement of persons and to assist persons actually displaced as a result of activities, if applicable; and consider approval of pre-applications for funding through the San Marcos Revolving Loan Program and request for final applications for: (A.) J & W Donuts in the amount of $12,500.00 and (B.) proseed (USA), Inc. in the amount of $150,000.00. Mayor Morris opened the public hearing and asked if anyone wished to speak regarding the revolving loan program. The balance of the program is $168,000.00. No one wished to speak, so Mayor Morris closed the public hearing. Bob Ronson stated the pre-application is a 2-step process, and the final application addresses jobs and information of jobs and funds use. This would be a 3-year loan at 1% below prime at time awarded. The loan is for ; match funding one-on-one. The loan can be secured with working ¡ capital. Mr. Gilley advised there are no solid assets for lien holding but Staff will try to recommend solid citizens for loans, but it would be unlikely for us to have firm standing. Mr. Ronson stated the whole idea of the program is to put people to work. Lynn Brooks of the Texas Department of Commerce stated loan funds could be used for working capital, equipment, renovation and revolving loan fund of incubator. During the period of the incubator contract, it is offset by payments received. Any funds from the city's revolving account that go into the incubator contract would not be seen again in the revolving loan program, but the city would be eligible to apply for other funds available through the Texas capital Funds. vicki Fruit of the Economic Development Council * Mr. Guerra present at 8:34 p.m.