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78 <br /> <br />Regular Meeting <br /> <br />July 26, 1982 <br /> <br />Page 6 <br /> <br />Mayor Craddock introduced for consideration award of bid on police <br />radar units. Jesse Guerra, Acting Police Chief, asked that award <br />be made to Kustom Electronics for two radar units. Mrs. Norris <br />moved award be made to Kustom Electronics for two radar units and <br />Mrs. Mendez seconded the motion, which passed unanimously. <br /> <br />Mayor Craddock introduced for consideration discussion and approval <br />of 1982-1983 budget information. The departments heads made a short <br />presentation on the requests for additional personnel in the new bud- <br />get year. Wayne Moore and Earl Williams made a presentation on the <br />revenues that could be generated with various utility rate increases. <br />Bill Harrison of First Southwest advised the Council based on the <br />projected income of $458,000 in the 1981-1982 fiscal year, the City <br />could legally issue $1,378,000 revenue bonds. The capacity could rise <br />if interest rates lowered. The projection of $1,378,000 revenue bonds <br />was based on 20-year bonds, at 13% interest, with the City maintaining <br />its present BAA1 rating. The City's bonding capacity for general obliga- <br />tion tax bonds would be approximately $20,000,000. <br /> <br />The meeting adjourned at 10:15 p.m. on motion of Mr. Brown and seconded <br />by Mr. Moore. <br /> <br />K~rl W. Brown <br />Council Member <br /> <br />~ouncil Me mb e,~' <br /> <br />Jg~ Moore <br />Council Member <br /> <br />ATTEST: . <br /> <br />~anis K. Womack <br />City Secretary <br /> <br />M <br /> <br /> ierald G. ~r~ <br /> ]ouncil Member <br />~M~/~ <br /> <br />Tess Norris <br />Council Member <br /> <br /> <br />