02141994 Regular Meeting - Laserfiche WebLink

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63 Regular Meeting February 14, 1994 Page 2 at the next meeting. Mayor Morris stated the city council would return to the bids for purchase of Combination Tax and Revenue certificates of obligation, series 1994, in the amount of $1,500,000.00. Mr. Nitchalous advised the Council the low bidder was The Principal/Eppler, Guerin & Turner, Inc. with a gross interest cost of $315,344.01, less premium ~- $31.20, for a net interest cost of $315,312.81 with an effective interest rate of 4.216351%. To award bid the Council moved to Item 8.A., adoption of an Ordinance on emergency, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE ISSUANCE AND SALE OF CITY OF SAN MARCOS, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1994, IN THE AGGREGATE PRINCIPAL AMOUNT OF $1,500,000; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID CERTIFICATES; PRESCRIBING THE FORM OF SAID CERTIFICATES; AWARDING THE SALE THEREOF; APPROVING THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT; AND DECLARING AN EMERGENCY. Mr. Moore moved for adoption of the Ordinance on emergency and Mr. Mooney seconded the motion. Mayor Morris moved to amend the Ordinance on Page 5 in section 3.02(b) to provide the following interest rates: "1995 - 3.90%, 1996 - 5.90%, 1997 - 4.05%, 1998 - 3.90%; 1999 - 4.00%; 2000 - 4.20% and 2001 - 4.25%" and on Page 19 in section 7.01(a) to award bid to "The Principal/Eppler, Guerin & Turner, Inc." and the premium in the amount of "$31.20", and Mr. Moore seconded the motion, which passed unanimously. The Council then voted unanimously for adoption of the Ordinance on emergency. Mayor Morris introduced receiving the Report of the Charter Review Commission and direction to Staff. æhe Council received the written Report of the Charter Review Commission and Mrs. Ofelia Vasquez-Philo, Chair, and several Commissioners were present to answer questions of the Council. The recommendations included combining the Planning and Zoning Commissions as one Commission with eleven members. The Council discussed and reviewed many of the recommendations. The Council discussed the recommendation on Page 7 of the Report, section 4.01(c) (2) regarding the city Manager's duties. It was consensus of Council for Council to no longer have authority to remove Directors or confirm the appointments of the Directors as made by the 'city Manager and that Council would have authority to approve the four appointees (city Manager, city Secretary, City Attorney and Municipal Court Judge) and their assistants and would have authority to remove the appointees and their assistants. The Council directed the recommendations of the Charter Review Commission and the above exception to the Report be included on the May 7, 1994 ballot. A Special Meeting will be held at 12:00 Noon on Tuesday, February 22, 1994 to include the Charter Amendments in the Election Ordinance that will be adopted at this meeting. The Council thanked the Charter Review Commission for their thorough review and recommendations. Mayor Morris introduced for consideration a public hearing and 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 ISSUANCE OF A CERTIFICATE OF PUBLIC CONVENIENCE AND NECESSITY TO RAUL MENDEZ D/B/A PROGRESSIVE VAN LINES FOR THE PROVISION OF TAXICAB SERVICES IN SAN MARCOS; AND DECLARING AN EFFECTIVE DATE. Mayor Morris opened the public hearing and asked if anyone wished to speak. Raul Mendez asked for the Council's approval and stated he provides a service between Austin and San Marcos for approximately fifty passengers per day as a commuter service. Louise Greene stated another service will dilute the two existing businesses and wants to know if the service will be limited service to Austin and was advised there were no limitations to Mr. Mendez' service. No