07251966 Regular Meeting - Laserfiche WebLink

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regu I ar meet i ng, j u I y 25, 1966 page three I I The proposed bond issue was discussed. Alderman Whittenberg expressed himself as wanting action stepped up, with assuranceF t,hat the bond issue election would be cal ledfSedpt. 27, as voted by the Counc i I in June. The Mayor referred to a workshop with the Fiscal Agent and members of the Counci I which was held the previous week whi Ie Mr. Whitten- berg was absent from the City. Mr. Serur said that it had been agreed that unti I the 1967 budget was prepared, the tax rate set, and the Board of Equal- ization Report in, no proper evaluation of the City's financial potential could be made. The bond issue election could not be called unti I proof of the City's ability to retire the bonds could be documented. "We have to get our house in order before we can pro- ceed", the Mayor stated. Mr. Serur asked the City Manager if a first draft of the '67 budget would be ready in two weeks. Mr. Wolff said that it would. The Mayor made it clear that he was not recommending that the bond issue election be cal led,off, but only that the Counci I understand thoroughly the City's financial condition before taking action. He sug- gested that a group of business men be cal led in for an explanation of the City's financial picture. Mr. Whittenberg said: "I don't know who you'thirik is going to oppose it. People know a bond issue is necessary. The Chamber of Commerce, the two Industrial Foundations and other groups have endorsed the idea. I f we don't use a positive approach, we wi II defeat it." The Mayor said: "We are going to have to ~sel I' the bond issue to the public. We have to have facts before we Can do that." I The Mayor announced the Agreement between Community Action and the City for additional nursing services in San Marcos had been signed. The Agreement is made a part of the Minutes. The City's share of the cost wi" be "in kind", and wi II not require any outlay of money. The Mayor read a letter from Iris Foster, real estate agent acting for the A.M. Ramsay Estate. He offered to sel I the City 3.22 acres of open land adjoining the City Cemetery for $10,000. After discussion of the City's future needs, the City Manager was asked to negotiate on the price with Mr. Foster. The meeting adjourned at 9: 10 p.m. II / ~;/J:~ E II is Serur Mayor UC!itl/ (i ltWttffl,- Caesar A. Damon Alderman