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61 Regular Meeting March 27, 1995 Page 5 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE RESOLUTION ADOPTED BY CITY OF SAN MARCOS INDUSTRIAL DEVELOPMENT CORPORATION PROVIDING FOR THE ISSUANCE OF "CITY OF SAN MARCOS INDUSTRIAL DEVELOPMENT CORPORATION ADJUSTABLE RATE DEMAND INDUSTRIAL DEVELOPMENT REVENUE BONDS, SERIES 1995 (BUTLER MANUFACTURING COMPANY PROJECT)". Mr. Moore moved for adoption of the Resolution and Mr. Hart seconded the motion. Mayor Morris moved to amend the Resolution to add the language in Recital 6, "The Corporation submits to the Unit the recommendation that the Annual Continuing Fees relating to the issuance of the Bonds as set forth in the Local Regulations for Receiving and Approving Applications for Financial Participation in Development Projects be waived;" and renumber Recital 6 to 7, and amend the Resolution to add the language in PART 5, "The City Council consents to the recommendation of the Board of Directors of the Corporation that Annual Continuing Fees to be assessed Butler Manufacturing Company upon delivery of the Bonds be waived," and renumber PART 5 to 6 and PART 6 to 7, and Mr. Moore seconded the motion, which passed unanimously. The Council then voted unanimously for adoption of the Resolution. Mayor Morris introduced for consideration Item 10.'C.(5) removed from the consensus agenda, 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 RELEASE REGARDING THE SAN MARCOS JOINT VENTURE V. CITY OF SAN MARCOS LAWSUIT; AND DECLARING AN EFFECTIVE DATE. Mr. Moore moved to table this matter until the funding is in place and Mr. Mooney seconded the motion, which passed unanimously. Mayor Morris introduced for consideration Item 10.C.(6) removed from the consensus agenda, 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 LEASE AMENDMENT NUMBER THREE BETWEEN THE CITY AND SOUTHWEST TEXAS AVIATION, INC.; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE DATE. Mr. Moore moved for adoption of the Resolution and Mr. Hernandez seconded the motion. Mayor Morris stated the Airport Commission has indicated their displeasure with the contract with Southwest Texas Aviation. The hangar they have constructed belongs to the City and was built with a no interest loan with a lump sum rental payment paid to the year 2014. It is a good, fair and equitable lease and incentive for economic development at the airport. The Airport commission has indicated they will dissolve if the City Council approves the lease. Mr. Moore stated he hopes the Commission will accept the judgment of the Council and Staff. Mayor Morris stated the commission can resign but cannot dissolve the Commission since the City Council appoints the Commission. All the Council expressed their hope the Commission will not do this. The Council voted unanimously for adoption of the Resolution. Mayor Morris introduced for consideration Item 10.C.(9) removed from the consensus agenda, 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 AN AGREEMENT BETWEEN THE CITY AND PADGETT, STRATEMANN & CO., L.L.P. FOR PROFESSIONAL SERVICES IN CONNECTION WITH THE CITY'S ANNUAL AUDIT; AUTHORIZING THE CITY MANAGER TO EXECUTE THIS AGREEMENT ON BEHALF OF THE CITY AND DECLARING AN EFFECTIVE DATE.