02.24.21 Regular Meeting - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes February 24, 2021 dollar amount of $8,700,000 and replacing it with $8,150,000 throughout. The caption now reads: Consider approval of Ordinance 2021-09, authorizing the issuance and sale of $8,150,000 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. The motion to amend carried by the following vote: For: 7 - Mayor Pro Tem Derrick, Mayor Hughson, Council Member Baker, Council Member Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council Member Gleason Against: 0 MAIN MOTION: to approve Ordinance 2021-09, on emergency, as amended. The motion carried by the following vote: For: 7 - Mayor Pro Tem Derrick, Mayor Hughson, Council Member Baker, Council Member Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council Member Gleason Against: 0 10. Consider approval of Ordinance 2021-10, on the first of two readings, amending the City's 2019-2020 Fiscal Year budget to allocate an additional $8,423,553 from the General Fund for Economic Development Incentive payments; and providing an effective date. A motion was made by Council Member Gleason, seconded by Mayor Pro Tem Derrick, to approve Ordinance 2021-10, on the first of two readings. Ms. Kalka stated this item went before the Finance and Audit Committee on February 12th. There was an Economic Development Incentive provider that the City offset with a sales tax increase and due to the increase in income an incentive payment was also needed to be paid to them. This budget amendment was necessary to ensure funds were available in the proper account. The motion carried by the following vote: For: 7 - Mayor Pro Tem Derrick, Mayor Hughson, Council Member Baker, Council Member Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council Member Gleason City of San Marcos Page 8