09.19.2017 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes September 19,2017 the City Manager or his designee to execute this agreement on behalf of the City and declaring an effective date. 15. Consider approval of Resolution 2017-146R, approving an agreement with Alan Plummer Associates, Inc. for the provision of Professional Engineering Sevices for the River Road Pavement and Bank Stabilization Project in the amount of $73,910 which includes an increase of $24,940 (ACIS No. 2) above the previous not-to-exceed contract amount of $48,970; ratifying the City Manager's execution of this agreement and authorizing the City Manager or his designee to sign authorization of change in services No. 2; and declaring an effective date. 16. Consider approval of a pay increase in the amount of $6,840.32 to City Attorney, Michael Cosentino effective April 1, 2017. 17. Consider approval of a pay increase in the amount of $3,600.56 to City Clerk, Jamie Lee Case effective April 1, 2017. NON-CONSENT AGENDA 18. Consider approval of Ordinance 2017-48, on the second of two readings, adopting a Budget in the amount of $214,053,615 for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018; authorizing certain adjustments to the Budget with the approval of the City Manager; approving fiscal year 2017-2018 Capital Improvements Program Projects. Heather Hurlbert, Finance Director, provided the City Council with a brief presentation regarding the budget. Dan Wegmiller with Specialized Public Finance Inc, provided the City Council with a presentation related to debt issuance timing and structuring as well as tax rate management tools including calling or defeasing existing debt. The Council provided consensus to move forward with Option 1 provided by Mr. Wegmiller,which is to pay off a portion of the existing 2015 debt utilizing tax revenue of$1.8M. The Bond revenue will be utilized for the purposes approved by the voters during the May 2017 Bond Election. This includes Public Safety Facilities, Police and Fire and Library Facilities. Mayor Thomaides made an announcement that a Public Hearing was held on the City's proposed Fiscal Year 2018 Budget on September 5th. In addition, City Council approved the budget on first reading on September 5th. Today the City Council will approve the budget on second reading and actually adopt the City's Fiscal Year 2018 budget. The City's Fiscal Year begins on October 1, 2017 and ends on September 30,2018. The proposed budget has been on file in the City Clerk's Office and on the City's website since July 31st. A motion was made by Council Member Gregson, seconded by Council City of San Marcos Page 6