03231970 Regular Meeting - Laserfiche WebLink

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: regular meeting, march 23, 1970 page two Caption of~he Ordinance is as follows~ ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE ISSUANCE OF BONDS IN THE PRINCI- PAL SUM OF DNE MILLION FOUR HUNDRED FORTY-SEVEN THOUSAND DOLLARS ($1,447,000) OF WHICH $37,000 OF BONDS ARE AUTH- ORIZED FOR THE PURPOSE OF PAYING OFF, REFUNDING AND CAN- CELLING AN EQUAL AMOUNT OF OUTSTANDING INDEBTEDNESS OF THE CITY'S COMBINED WATERWORKS AND SEWER SYSTEM, AND I $1,410,000 ARE AUTHORIZED FOR THE PURPOSE OF CONSTRUCT- ING EXTENSIONS AND IMPROVEMENTS TO THE CITY'S WATERWORKS AND SEWER SYSTEM; PRESCRIBING THE FORM, TERMS AND CON- DITIONS OF THE BONDS AND THE fORM OF INTEREST COUPONS; PLEDGING THE REVENUES OF THE CITY'S COMBINED WATERWORKS AND SEWER SYSTEM TO PAY PRINCIPAL AND INTEREST ON SAID BONDS AFTER PROVIDING FOR THE EXPENSE OF OPERATING AND AND MAINTAINING SAID, SYSTE~~OR THE PAYMENT OF PRINCIPAl AND INTEREST ON THE BONDS NOW OUTSTANDING AND PAYABLE FROM AND SECURED BY AN EXCLUSIVE FIRST LIEN ON AN PLEDGE OF THE NET REVENUES OF SAID SYSTEM; ENACTING PROVISIONS INCIDENT AND RELATING TO THE SUBJECT AND PURPOSE OF THIS ORDINANCE; CONFIRMING THE SALE OF $1,410,000 OF BONDS; AND DECLARING AN EMERGENCY. Mr. Contreras moved that the Ordinance be passed as an emergency. Mr, Smith seconded~he motion~ which passed unanimously. Mr; Contreras moved adoption of an Ordil'lance authorizins the sale of revenue bonds for the Water & Sewe~ Project. Mr. Zavesky seconded the motion and on roll call the following note was recorded: AYE: NAY: Contreras, Flores, Serur, Smith, Zavesky None I The Mayor declared the Ordinance Passed, Approved and Adopted. The Mayor announced that Jesse Adams had tendered his resignat- ion from the Planning & Zoning Commission. Mr,Smith moved that the Council accept the resignation. with regret. Mr. Zavesky seconded the motion, which passed unanimously. Mr. Serur asked the Council to take under consideration the appointment of a replacement foryMr. Adais on th. Commission. The Mayor introduced for consideration a request for rezoning of property at 104 Tampico Street. A letter from the Planning & Zoning Commission recommending the change is attached. Mr; Flores moved .that the zoning on the property at 104 Tampico bechang.d from "D"(multi.family) to "M" (mixed). Mr.-Contreras seconded the motion and on roll call, the f6110wing vote~as recorded: AYE: NAY: Contreras, Flores, Seruri Smith, Zavesky None I The Mayor declared the motion carried. Jim T. Brown, Executive Director of the Urban Renewal Agency, came before the\1oLincil to ,request that the Council set a Public Hearing for the River Project. He explained that since