01.15.19 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes January 15, 2019 17. Consider approval of Ordinance 2019-03, on the first of two readings, authorizing the issuance of the City of San Marcos, Texas Special Assessment Revenue Bonds, Series 2019 (Trace Public Improvement District); approving and authorizing an Indenture of Trust, a Bond Purchase Agreement, an Offering Memorandum, a Continuing Disclosure Agreement and other agreements and documents in connection therewith; making findings with respect to the issuance of such bonds; and providing an effective date. A motion was made by Mayor Pro Tem Prewitt, seconded by Council Member Gonzales, to approve Ordinance 2019-03 on first and final reading. The motion carried by the following vote: For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor Hughson, Council Member Mihalkanin, Council Member Marquez and Council Member Rockeymoore Against: 0 18. Consider approval of Resolution 2019-11 R, approving an agreement regarding conveyance of right of redemption and waiver of agricultural valuation with Highpointe Trace, LLC and UMB Bank, N.A. in connection with the Trace Public Improvement District; authorizing the City Manager or his designee to execute such agreement on behalf of the City; and declaring an effective date. A motion was made by Mayor Pro Tem Prewitt, seconded by Council Member Gonzales, to approve Resolution 2019-11R. The motion carried by the following vote: For: 7 - Mayor Pro Tem Prewitt, Council Member Gonzales, Council Member Derrick, Mayor Hughson, Council Member Mihalkanin, Council Member Marquez and Council Member Rockeymoore Against: 0 19. Consider approval of Resolution 2019-12R, amending the Business Improvement and Growth (BIG) Grant Program guidelines to prohibit City employees and officials from benefiting from BIG Grant Program Funds and to clarify program eligibility and intent; and declaring an effective date. MAIN MOTION: a motion was made by Council Member Mihalkanin, seconded by Council Member Rockeymoore, to approve Resolution 2019-12R. MOTION TO AMEND: a motion was made by Mayor Hughson, seconded by Mayor Pro Tem Prewitt, to amend Resolution 2019-12R by adding the following language: Former city council members are ineligible to apply for or receive BIG program funds for one year after leaving office; All owners and partial owners of property or buildings to be benefitted by BIG program funds must be disclosed on the funding application. The motion carried by the following vote: City of San Marcos Page 13