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95. Regular Meeting July 9,2001 Page 6 Mr. Cox moved for adoption of the Resolution and Ms. Tatum seconded the motion. Ms. Hughson asked if the Bishop Street reconstruction was part of a bond issue. Laurie Anderson stated she believed it was a package with Aquarena, Holland, and Westover. Ms. Hughson asked for an estimated cost. Laurie Anderson stated the estimated cost is $1.9 million and the bond issue set aside $890,000 for streets. There remains $646,000 of those funds, and the Certificates of Obligation will provide the additional funds needed for this project. Ms. Hughson stated the Council wanted the street overlay to come out of budgeted money and not CO's. Mr. Gilley stated he could not budget the full amount, which was $1 million, and the Council requested a line item and increase of $50,000 per year. He also stated GO bonds are usually issued for 20 years and Certificates of Obligation are for shorter periods of time. Mr. Mihalkanin moved to table the Resolution to the Regular Meeting on July 23, 2001 and Ms. Hughson seconded the motion, which passed unanimously. Mayor Chiu introduced for consideration Item 17 removed from the consent 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 AN INTERLOCAL AGREEMENT BETWEEN THE CITY AND SOUTHWEST TEXAS STATE UNIVERSITY FOR THE CITY'S EMERGENCY USE OF RADIO STATION KTSW; AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT ON BEHALF OF THE CITY AND DECLARING AN EFFECTIVE DATE. Ms. Hughson and Mr. Mihalkanin filed disclosure affidavits-business entity and left the Chambers during consideration of this matter. Mr. Cox moved for adoption of the Resolution and Ms. Tatum seconded the motion. Mr. Mayhew asked if this was a temporary solution and if the City was still working to establish its own station. Mr. Gilley stated we are proceeding to acquire a license, which would take some time. He also stated this would be a significant investment in equipment and personnel. On roll call the following vote was recorded: AYE: Montoya, Chiu, Cox, Mayhew, Tatum. NAY: None. ABSTAIN : Hughson, Mihalkanin (affidavits filed). Mayor Chiu introduced for consideration Item 18 removed from the consent agenda, setting time and place of public hearing for FY 2002 Proposed Budget. Mr. Mihalkanin moved to set the public hearing for FY 2002 Proposed Budget on August 13, 2001 at 7:00 p.m., and Ms. Tatum seconded the motion, which passed unanimously. Mayor Chiu introduced receiving the Citizen Review Commission Final Report and direction to staff. Ms. Hughson thanked the Citizen Review Commission for their thoroughness. Mr. Cox and Mr. Mayhew commented on how professional the review was done. Ms. Huffman stated there are twenty-five boards. Mr. Cox asked why the Commission recommended retiring the San Marcos Electric Utility Board. Mr. Gilley