06221955 Regular Meeting - Laserfiche WebLink

Home Browse Search

36 work out some program in securing ~~e ri~ht-of-wa1. o C!j t::::::J ::= Q.. Alderman Smith stated that he had made a study of the tax valuations, and he suggested that in the next year, the City hi re a pro fes sional appraiser from some 0 ther City to evaluate the property in San Marcos. Alderman Smith made a motion that the City hire a professional ap:oraisl5'r to evaluate the properties in San Marcos. Alderman Beecroft seconded the motion. A vote was taken which resulted unanimously in favor of the motion. It was stated that the work may not be dOne until next veal'. Mr. Barbee stated that the Sch~ol Board had stated that" it .would pay for 50% of the expense on the property evaluated wi thin the City Limits. Alderman 3mi th made a motion that the City make a blanket increase in tax valuations of 10%. Tne Council did not agree, therefore, no one seconded the motion. I A report was made on the Park Construction Fund balance. Alderman Hill made a motion that Mr. W. G. Barbee be aUvhorized to invest (~50,000.OO from the Par1{ Fund in U. S. Government Bonds for a term of not more than 91 days. Alderman Allen seconded the motion. A vote was taken which resulteD. unanimously in favor of the mction. Alderman Allen made a motion that Mr. Barbee be authorized to buy $25,000.00 direct obligations of the U. 3. Government, out of the UtiIityReserve Fund, the same to ce placed in escrow with the Mercantile National Bank, under the requirements of 1951 ~ater % Sewer Revenue Bond Ordinance, the obligations to be for a periOd of ten years or less from date of purchase. Alderman Je Viney seconded the motion. A vote was taken which resulted unanimously in favor of the motion. 'l'here being nO further business to discuss, the meeting was adjourned at 4:Jo p.m. The foregoing and above minutes i')./fl true and correct I record of all mat tel's tra"'spiri ng a tethEi reg\;\lar meeting held June 22, 1955. / \ ,/' <<-""~;.~~,,. ;1 l_jfj,;/~ ..' . !J"'~-ll;,* \/ - ./ .4"~/f/i!t:){"1,'A' j -:U, k d~~<\o Frank l!.. .LJl\etterlcn, NlaJ' r JF~[~t~~ ~~---- Haro d . Smith, Alderman /1_ __; ;,,-/,.,~r -._ 'G9Y_ <~,e " J i n~ y,' Alde.rnujn ~/J1-~ll( ell lvJ Calfrin N. Al_en~Alderman " :)' (,' ,,'-"\ -:II 'fi :" : '''. , , /' }J ~L'- . \,.. Frank. . Hilli/Jr., Alderman :; I