09.05.2017 Regular Meeting - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes September 5, 2017 asked why is a loan requested if projects aren't going to start quickly. There have been numerous comments regarding construction material costs and how they will continue to rise in price if we continue to wait. He stated he was an advocate for these bonds and said this is serious money and council needs to be completly informed and stay focused and get these projects done. This will either cost us a lot of money or save us a lot of money. He stated that Council is here to act on behalf of the Citizens. There being no further comments, the Mayor closed the Public Hearing at 8:11p.m. Mayor Thomaides and the City Council stated that these projects will be started and completed as soon as possible. A motion was made by Council Member Gregson, seconded by Council Member Derrick, to approve Ordinance 2017-48, on the first of two readings. The motion carried by the following vote: For: 7 - Mayor Thomaides, Mayor Pro -Tem Hughson, Deputy Mayor Pro Tem Prewitt, Council Member Mihalkanin, Council Member Gonzales, Council Member Gregson and Council Member Derrick Against: 0 14. 7:OOPM Receive a Staff presentation and hold a Public Hearing to receive comments for or against Ordinance 2017-49, setting the Property Tax Rate for the 2017 Tax Year at 61.39 cents on each $100 of taxable value of property that is not exempt from taxation; levying taxes for the use and support of the Municipal Government of the City for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018; the 8.37 cent increase was approved by voters during the May 2017 Bond Election for debt retirement of and operational expenses for public safety and library projects; providing a Sinking Fund for the retirement of the bonded debt of the City; and consider approval of Ordinance 2017-49, on the first of two readings. Heather Hurlbert, Finance Director, provided a brief update on the tax rate which was approved at the May 2017 Bond Election. Staff suggested the following two revisions to the Ordinance which will be completed prior to approval on second reading: Section 1: wording change from 61.39 dollars to 61.39 cents. Section 2: Subsection a) will read 35.85 cents and Subsection b) will read 25.54 cents Mayor Thomaides read the following statement: "State Law requires that the City hold two Public Hearings on the City's proposed tax rate. The City Council set a proposed maximum tax rate of 61.39 cents per hundred at its August 15 meeting. This proposed tax rate was published in the local City of San Marcos Page 6