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City Council Meeting Minutes August 3, 2021
<br />31. Consider approval of Ordinance 2021-57, on first and final reading, authorizing the
<br />issuance and sale of an amount not to exceed $34,555,000 of Combination Tax and
<br />Revenue Certificates of Obligation, Series 2021 B, for constructing, improving, designing,
<br />acquiring and equipping the City's (1) new Public Services Facility, including acquisition
<br />of land; and (2) the payment of professional services in connection therewith including
<br />legal, fiscal and engineering fees and the costs of issuing the certificates of obligation
<br />and other matters related thereto; providing for adoption of this Ordinance on one reading
<br />only in accordance with State Law.
<br />A motion was made by Council Member Gleason seconded by Council
<br />Member Baker, to approve Ordinance 2021-57, on the first and final reading.
<br />Dan Wegmiller, City's Financial Advisor, stated the bids were received this
<br />morning and eleven bids were received.
<br />The motion carried by the following vote:
<br />For: 7 - Mayor Pro Tem Derrick, Mayor Hughson, Council Member Baker, Council Member
<br />Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council
<br />Member Gleason
<br />Against: 0
<br />32. Consider approval of Ordinance 2021-58, on first and final reading, authorizing the
<br />issuance of City of San Marcos, Texas General Obligation Bonds, Series 2021 in the
<br />amount not to exceed $4,750,000 for (1) constructing, improving, renovating and
<br />equipping public safety facilities to include the police and fire departments and related
<br />emergency and training facilities and related water, wastewater, drainage, streets,
<br />sidewalks, parking, infrastructure and other related costs, and (2) paying the legal fees
<br />and other such costs incurred in connection therewith; including the costs of issuing the
<br />bonds authorizing the levy of an ad valorem tax in support of the bonds; approving an
<br />official statement, a bond purchase agreement, a paying agent/registrar agreement, and
<br />other documents related to the issuance of the bonds thereto; providing for adoption of
<br />this Ordinance on one reading only in accordance with State Law.
<br />A motion was made by Council Member Gleason seconded by Council
<br />Member Gonzales, to approve Ordinance 2021-58, on the first and final
<br />reading. The motion carried by the following vote:
<br />For: 7 - Mayor Pro Tem Derrick, Mayor Hughson, Council Member Baker, Council Member
<br />Gonzales, Deputy Mayor Pro Tem Scott, Council Member Garza and Council
<br />Member Gleason
<br />Against: 0
<br />33. Consider approval of Ordinance 2021-59, on first and final reading, authorizing the
<br />second supplemental ordinance to the master ordinance establishing the City of San
<br />Marcos, Texas electric utility system revenue financing program; authorizing the issuance
<br />of City of San Marcos, Electric Utility Revenue Refunding Bonds in an amount not to
<br />City of San Marcos Page 19
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