09291954 Regular Meeting - Laserfiche WebLink

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36 Optional Bonds - Maturing 1955-1976 1977-1979 2 3/I,X .,01 ' fi,J!:) o o ~ C"':l C~ Rowles, Winston & Co. Houston, Texas Total Interest Cost ~:;!~0,5a~.50 Cash Premium ~00.8S Net Interest Cost f340,173.62 Interest Rate 2.7840% Rauscher Pierce & Co. San P~tonio, Texas Optional Bonds - Maturing 1955 - 1959 1960 - 1970 1971 1979 2 1/)~.~6 2 1/2% 2 3/4Jb I Total Interest Cost $38,285.00 Cash Prewi u..'11 0 17.00 Net Interest Cost ~38,26B.oO Interest Rats 2.651%" Russ & Co. San Antonio, Texas Optional Bonds Mat.uring 1955 - 1965 196b - 1979 2{6 2 3/4-% Total Interest Cost ~;37 .9200.00 Cash Premiu..'11 21.60 Net Interest Cost e37,89a.I~0 Interes:ll Rate 2.6263;6 NoneOptional Bonds Maturing 1955 - 1965 1966 - 1979 2d 10 2 3/~.;b Total Interest Cost (':>37,920.00. Cash Premium 21;60 Net Interest Cost i~37 ,898.1~0 Interest Rate 2.6263% Af'ter reviewine; the bids, Alderman De Vi:g.ey made a motion that the bid be awarded to Ranson-Davidson Co., Ina., San Antonio, Texas, as they were low bidder. Alderman Hill seconded the motion. A vote was taken which resulted unanimously in f'avor. of the motion. I John Smith, President of the School BoardandoJoe,Hutchison, Superintendent of the San Marcos Independent School D'cstrict, met with the Council to discuss the letter which the Council had authorized at its last meeting. The letter stated that due to the fact that the San Marcos Independent School District and the City of San Marcos are two separate political sub-divisions the City.does not feel that it is obligated tn furnishing utilities to the new bldg. Mr. Smith asked that the Council explain the letter in more detail. There was a discussion during which Mayor Dietterich stated that the City would appreciate being notified at an early date when utilities, etc. are going to be needed. Mr. Barbee stated that he knew of one way the problem might be solved. Walter Feltner is going to lay a sewer line in his addition which is near the new school bldg. site. Mr. Barbee talked to iiiI'. Feltner and he s ta ted he might be willing to lay a lal'ger line if the Ci ty would pay the difference in price between the line he plaruled to lay and the size needed for the school. It was stated that approximately 20~ of the children to use the school are out of the City Limits. The suggestion w'as made I that the sewer contract with the schoel be revised and the charge for sewer be increased for the school. Joe Hutchision recuested that a letter be written to him stating that the City wotlld furnish utilities to the new school if the Council so decided. Mr. Ba~ee stated. that a survey would be required if the Vial tel' Feltner line was tcl"be us ed for the school. The COlIDCil asked Mr. Barbee to look into the matter. Alderman Allen ~ade a ~otion that the City agree to run water and sewer lines to the school property line located on the Seguin Highway, and that the sewer-charge contract with the school be reviewed. He alsO moved that the 'City Secretary be authorized to write a letter, stating the above, to Mr. Hutchison. Alderman De Viney seconded the illation. A vote was taken which resulted unaRimously in favor ibf the motion." The Council instructed the City Secretary to write a letter to Mr. Hutchison stating the above. Alderman De Viney then asked Mr. John Smith and Joe Hutchism~if they thouuht the School'Board would aQ'ree to an increase in the sewer charge if it was necessa1. They said they thought the School Board would agree to such an increas e if it was wi thln reason.