02.24.21 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes February 24, 2021 $57,915.00; authorizing the City Manager or his designee to execute the appropriate documents to implement the Change in Service; and declaring an effective date. 6. Consider approval of Resolution 2021-31 R, approving an Advanced Funding Agreement (AFA) between the City of San Marcos and the Texas Department of Transportation (TxDOT) for utility betterments along IH35 from south of SH 80 (Hopkins St) to north of RM 12 (Wonder World Dr); in the amount of $185,195.28, to be paid by the City of San Marcos, at least 45 days prior to the date set by TxDOT, for receipt of the construction bids; authorizing the City Manager to execute the agreement; and declaring an effective date. 7. Consider approval of Resolution 2021-32R, approving a Change in Service to the agreement with HDR Engineering, Inc., for various drainage improvement projects identified in the Stormwater Master Plan to add additional design and construction phase services in the estimated amount of $220,692.00; authorizing the City Manager or his designee to execute the appropriate documents to implement the Change in Service; and declaring an effective date. 8. Consider approval of Resolution 2021-33R, approving a contract with Paradigm Traffic Systems, Inc. through the BuyBoard Purchasing Cooperative for a backup battery system to be used to operate traffic signals in the event of a power outage, in the estimated amount of $105,600.00; authorizing the City Manager or his designee to execute the contract on behalf of the City; and declaring effective date. NON -CONSENT AGENDA 9. Consider approval of Ordinance 2021-09, authorizing the issuance and sale of $8,700,000 of Combination Tax and Revenue Certificates of Obligation, Series 2021 for (1) constructing, improving, designing, acquiring and equipping the City's Road and Street Projects, to include a Railroad Overpass and related Infrastructure on Yarrington Road; and (2) the payment of professional services in connection therewith including Legal, Fiscal and Engineering Fees and the costs of issuing the Certificates of Obligation; providing for approval of this Ordinance an emergency measure on only one reading as authorized by State Law; and other matters related thereto. MAIN MOTION: A motion was made by Council Member Baker, seconded by Mayor Hughson, to approve Ordinance 2021-09, on emergency. Marie Kalka, Director of Finance, provided a brief introduction. Ms. Kalka mentioned that Frost Bank accepted the sale at just under 2% interest rate. Dan Wegmiller, Financial Advisor, stated the sale went very well and 6 bids were received this morning. The interest rate and bond are callable after 9 years. The City's bond rating was confirmed through this process. MOTION TO AMEND: A motion was made by Mayor Hughson, seconded by Deputy Mayor Pro Tem Scott, to amend the Ordinance 2021-09 by striking the City of San Marcos Page 7