08.03.21 Regular Meeting - Laserfiche WebLink

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City Council Meeting Minutes August 3, 2021 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 2021-54, on the second of two readings, as amended. The motion carried by the following vote: For: 6- Mayor Pro Tem Derrick, Council Member Baker, Council Member Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council Member Gleason Against: 0 Absent: 1 - Mayor Hughson 30. Consider approval of Ordinance 2021-56, on first and final reading, authorizing the issuance and sale of an amount not to exceed $38,115,000 of Combination Tax and Revenue Certificates of Obligation, Series 2021A, for constructing, improving, designing, acquiring and equipping the City's (1) water and wastewater system; (2) electric utility system; (3) streets including related drainage, sidewalks, traffic improvements and lighting, including acquisition of right-of-way; (4) municipal buildings to include HVAC improvements; roof replacements and security improvements; (5) stormwater management and flood control facilities, including acquisition of land; (6) airport; (7) public safety facilities to include police and fire improvements and technology equipment upgrades; (8) network and fiber optic infrastructure equipment; (9) recreational facilities including parks and sports fields; (10 parking facilities; and (11) the payment of professional services in connection therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of obligation and other matters related thereto; providing for adoption of this Ordinance on one reading only in accordance with State Law. A motion was made by Council Member Baker, seconded by Council Member Gonzales, to approve Ordinance 2021-56, on the first and final reading. Dan Wegmiller, the City's Financial Advisor from Specialized Public Finance, stated the rating reflects that the city has a strong economy and also reflects strong management with strong financial policies and practices. He noted that we should be proud of the city's high bond rating. The motion to approve 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 City of San Marcos Page 18