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<br />Regular Meeting July 25, 1994 Page 4
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<br />Mayor Morris returned to Item 8.D. on the agenda, adoption of an
<br />Ordinance on emergency, the caption which was read as follows:
<br />
<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br />AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS GENERAL
<br />OBLIGATION BONDS, SERIES 1994, IN THE AGGREGATE PRINCIPAL
<br />AMOUNT OF $5,300,000; PRESCRIBING THE FORM OF SAID BONDS, .
<br />LEVYING AN ANNUAL AD VALOREM TAX TO PAY SAID BONDS, AWARDING I
<br />THE SALE THEREOF; APPROVING THE OFFICIAL STATEMENT; ENACTING
<br />OTHER PROVISIONS RELATING TO THE SUBJECT; AND DECLARING AN
<br />EMERGENCY.
<br />
<br />Mr. Moore moved for adoption of the Ordinance on emergency and Mr.
<br />Guerra seconded the motion. Mayor Morris moved to amend Page 4,
<br />Article III,..Section 3.02(b) to complete the blanks as follows,
<br />"1995-2002 - 8.40%, 2003 - 5.40%, 2004 - 5.45%, 2005 - 5.55%, 2006 -
<br />5.65%, 2007 - 5.75%, 2008 - 5.85%, 2009 - 5.95%, 2010-2013 - 6.00%/
<br />and 2014 - 5.50%," and Page 19/ Article VII, section 7.01(a) to
<br />complete the blanks as follows, IISouthwest Securities, Inc. . . ./
<br />plus a premium of $-0-. . . .", and Mr. Moore seconded the motion,
<br />which passed unanimously. The Council then voted unanimously for
<br />adoption of the Ordinance on emergency.
<br />.
<br />
<br />Mayor Morris introduced for consideration Item 8.E., adoption of an
<br />Ordinance on emergency, the caption which was read as follows:
<br />
<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br />TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS,
<br />TEXAS, WATERWORKS AND SEWER SYSTEM REVENUE BONDS, NEW SERIES
<br />1994, IN THE AGGREGATE PRINCIPAL AMOUNT OF $1,000,000;
<br />PRESCRIBING THE FORM OF SAID BONDS; AWARDING THE SALE THEREOF;
<br />APPROVING THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS
<br />RELATING TO THE SUBJECT; AND DECLARING AN EMERGENCY.
<br />!
<br />Mr. Guerra moved for adoption of the Ordinance on emergency and Mr. .-
<br />Mooney seconded the motion. Mayor Morris moved for amend the
<br />Ordinance on Page 5, Article III, Section 3.02(b) to complete the
<br />blanks as follows, "1995-2000 - 8.40%, 2001 - 7.00%, 2002-2003 -
<br />5.40%, 2004 - 5.50%/ 2005 - 5.60%, 2006 - 5.70%, 2007 - 5.80%, 2008
<br />- 5.90% and 2009 - 6.00%," and on Page 22, Article VII, section
<br />7.01(a) to complete the blanks as follows, IISouthwest Securities,
<br />Inc. . . . plus a premium of $-0-. . . .," and Mr. Mooney seconded
<br />the motion, which passed unanimously. The Council then voted
<br />unanimously for adoption of the Ordinance on emergency.
<br />
<br />The Council then moved to Item 10 on the agenda. Mayor Morris
<br />introduced for consideration approval of minutes of the Regular
<br />Meeting held July 11, 1994, approval of one Ordinance on second
<br />reading, adoption of two Ordinances on third and final reading,
<br />adoption of seven Resolutions and authorizing the expenditure of
<br />$1,766.25 from the Tourist Account of the Hotel Occupancy Tax Fund
<br />for the El Mercado Project on consensus. Mr. Guerra moved for
<br />approval of the minutes of the Regular Meeting held July 11, 1994
<br />(Messrs. Guerra and Moore abstaining), approval of the Ordinance on
<br />second reading, adoption of the two Ordinances on third and final
<br />reading, adoption of the seven Resolutions and authorizing the
<br />expenditure of $1,766.25 from the Tourist Account of the Hotel,
<br />Occupancy Tax Fund for the El Mercado Project on consensus and Mr.
<br />Moore seconded the motion, which passed unanimously. The captions-
<br />of the Ordinances and Resolutions read as follows:
<br />
<br />Approval of Ordinance on second reading:
<br />
<br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS,
<br />TEXAS, AMENDING SECTION 5-3 OF CHAPTER 5, BUILDING CONSTRUCTION
<br />AND RELATED ACTIVITIES, OF THE SAN MARCOS CODE OF ORDINANCES TO
<br />REVISE SECTION 3208 OF THE STANDARD BUILDING CODE REGARDING THE
<br />USE OF WOOD SHINGLES AND SHAKES AS ROOFING MATERIALS; PROVIDING
<br />FOR SEVERABILITY; REPEALING ALL CONFLICTING ORDINANCES;
<br />PROVIDING A PENALTY; PROVIDING FOR PUBLICATION AND PROVIDING AN
<br />EFFECTIVE DATE.
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