02161982 Special Meeting - Laserfiche WebLink

Home Browse Search

54 Special Meeting February 16, 1982 Page 2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF A CONTRACT FOR CONSTRUCTION OF SIDEWALKS IN THE VICTORY GARDENS SECTION OF SAN MARCOS, TEXAS, ACCEPT- ING THE BID OF E-Z BEL CONSTRUCTION COMPANY, INC. OF SAN ANTONIO, TEXAS, FOR SAID CONSTRUCTION PROJECT; AUTHORIZING THE MAYOR OF SAID CITY TO EXECUTE SAID CONTRACT WITH E-ZBEL CONSTRUCTION COMPANY, INC. AND DECLARING AN EFFECTIVE DATE. Mr. Kreczmer moved for the adoption of the Resolution and Mrs. Norris seconded the motion, which passed unanimously. Mayor Craddock introduced for consideration approval of alternatives for the new Fire Station facility. Incorrect wage rates from HUD had been provided to Jack Lackey, architect, and the correct wage rates would increase the contract $76,537.00. Mr. Kreczmer moved to approve the alternatives to get the matter on the table for discussion and Mr. James seconded the Motion. Ronnie Dannelley presented the Council with three alternatives given the City to consider by HUD: (1) request change of wage rates from the Department of Labor; (2) the City pay for all the Fire Station with City funds and transfer the Fire Station funds to another project in year V (Millview); or (3) rebid the job. Mrs. Norris moved to amend Mr. Kreczmer's motion to accept alternative (2), that the City pay for all the Fire Station with City funds and transfer HUD funds to another project in year V, and Mr. Cavazos se- conded the motion. Mr. Bill Harrison of First Southwest Company, bond consultants, pre- sented the Council with amortization schedules for Certificates of Obligation. He recommended the City authorize him to negotiate sale with a local banking institution, and he thought he might be able to procure an interest rate of approximately 13%. He stated it would actually take 60 days to get any funds in hand. Again he advised the Council of the need to increase the fund balance for future bond pro- grams and to take care of any calamities that might occur. Mr. Kreczmer expressed an interest in 5-year Certificates of Obligation rather than 10 years. On Mrs. Norris' motion to amend Mr. Kreczmer's motion, seconded by Mr. Cavazos, the Council unanimously approved the amendment. On Mr. Kreczmer's motion to approve the alternatives, seconded by Mr. James, the Council unanimously approved the alternatives. Mayor Craddock introduced for consideration issuance of Certificates of Obligation for the purpose of constructing the Fire Station and purchasing property for the Sewage Treatment PlaIT improvements. Mrs. Norris moved for issuance of Certificates of Obligation for five years for $200,000 for construction of the Fire Station and Mr. Kreczmer se- conded the motion, which passed unanimously. Mr. Gonzalez stated there was no motion needed at this time on the purchase of property for expansion of the Sewage Treatment Plant. The meeting adjourned at 7:00 by Mrs. Norris. "tU. S'U>~ Karl W. Brown Council Member p.m. on motion of Mr. Brown &;e %1~- M~r r and seconded