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5 Regular Meeting February 10, 1992 Page 5 the end of this year. He estimated the G.O. rate at 6-1/4% and the Revenue Bonds a little higher. Mayor Morris requested the timetable for the bond rating trip be delayed until April 2 and 3. It was consensus of Council for First Southwest Company to proceed. Mayor Morris introduced a discussion regarding bond propositions for the May 2, 1992 Election Ballot and direction to Staff. Bond Proposition 1 will be $4.6 million for streets and drainage. It was consensus of Council (Mr. Guerra opposed) to place this on the ballot. Mr. Gilley will contact all the former Bond Committee to ask for their assistance in speaking and educating the public on the bond propositions. It was consensus of Council to have a Bond Proposition 3 on the ballot in the amount of $200,000 for airport hangars. Bond Proposition 2 will be for a multi-purpose facility. Mr. Michael Beaty of Rehler, Vaughn, Beaty & Koone, Inc. reviewed with Council a handout regarding a limited feasibility study. It was consensus of Council to place on the ballot a $3.5 million G.O. Bond proposition for a 35,000 square-foot building construction and equipment of a multi-purpose community/convention facility and land acquisition. Mr. Gilley will provide the Council with estimated costs of operation. Mayor Morris introduced the City Manager's Report. (1) Mr. Gilley stated united Way has recognized the City of San Marcos with the Gold Award as the second largest single contributor, and the City had the single largest raise in contributions over last year. Mayor Morris introduced the City Attorney's Report. (1) Mr. Taylor stated the zoning commission held their second public hearing last week regarding the study of SUPs for fraternities and sororities and have now asked the Staff to further define the draft. They will review the draft in March and make 'a recommendation to the city Council. Mayor Morris introduced the City Council's Report. (1) Mr. Hernandez advised the Council Thermon sponsored the San Marcos Manufacturers Association's lunch and were briefed by Mr. Gilley regarding City matters. (2) Mr. Hart stated he had attended a recent Commission on Youth meeting where they were reviewing (a) curfews, (b) a multi-purpose center and (c) minors in possession. (3) Mr. Guerra advised the Council Mayor Morris will serve as Vice Chair of the F.A.I.R. Steering Committee of NLC, Ms. Kissler will serve as the Second Vice President of the University cities Caucus for NLC, and Mr. Guerra will serve as Chair of the Conference Planning Committee for the New Orleans Conference of NLC. Mayor Morris introduced an Executive Session pursuant to Article 6252-17, section 2(e), V.A.C.S., to discuss pending litigation (Sierra Club vs. Manuel Lujan; city of San Marcos vs. LCRA), and matters where the duty of the City Attorney to the City pursuant to the Code of Professional Responsibility of the State Bar of Texas clearly conflicts with Article 6252-17. Mr. Moore moved the Council adjourn into Executive Session at 10:36 p.m. and Mr. Hart seconded the motion, which passed unanimously. Mr. Guerra moved the Council reconvene at 11:25 p.m. and Ms. Kissler seconded the motion, which passed unanimously. The meeting adjourned at 11:26 p.m. on motion made by Mr. Guerra and seconded by Mr. Hernandez. \~~~ ~ ~~ ~. ~ Mayor ~... ~ Billy G. Moore Rick ernandez Council Member Council Member