09162008 Regular Meeting - Laserfiche WebLink

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21. Consider adoption of Ordinance 2008-36, setting the tax rate for the 2008 tax • year; levying taxes for the use and support of the municipal government of the City for the fiscal year beginning October 1, 2008, and ending September 30, 2009; providing a sinking fund for the retirement of the bonded debt of the City, including procedural provisions; and declaring an emergency. MOTION: Upon a motion made by Councilmember Jones and a second by Councilmember Guerrero, the City Council voted seven (7) for and none (0) opposed, to approve Ordinance 2008-36, as previously captioned, on emergency. The motion carried unanimously. 22. Consider adoption of Ordinance 2008-37, authorizing the issuance and sale of City of San Marcos, Texas Combination Tax and Revenue Certificate of Obligation Series 2008A; providing for the security for and payment of said certificate; prescribing the form of said certificate; awarding the sale thereof, authorizing a Paving Amt/ReOstrar Agreement and an Investment Letter, and enacting other provisions relating to the subject. MOTION: Upon a motion made by Councilmember Couch and a second by Councilmember Thomaides, and amended by Councilmembers Thomaides and Bose, the City Council voted six (6) for and none (0) opposed, to approve Ordinance 2008-37, as previously captioned, and amended to reflect the winning rate of 4.61 with Bank of America. The motion carried unanimously. 23. Consider adoption of Ordinance 2008-38 authorizin the issuance of City of San Marcos, Texas Combination Tax and Subordinate Lien Revenue Refundin Bond Series 2008, providing for the security for and payment of said bond; authorizing a Paving Aunt/ReOstrar Agreement, an Escrow Agreement and an Investment Letter; awarding the sale thereof, calling certain obligations for redemption; and enacting other provisions relating to the subiect. MOTION: Upon a motion made by Councilmember Jones and a second by Councilmember Couch, the City Council voted six (6) for and none (0) opposed, to table this item. The motion carried unanimously. 24. Public Hearing to receive comments for and against an amendment to the future land use map from Low Density Residential (LDR) to Mixed Use (MU) for a 0.6014 acre, more or less, tract of land located at 408 Valley Street; amending the official zoning map of the City by rezoning this tract from Single Family Residential District (SF-6) to Mixed Use District (MU); and consider adoption of Zoning Ordinance 2008-39. Mayor Narvaiz opened the Public Hearing at 12:15 a.m. There being no public comments, Mayor Narvaiz closed the Public Hearing at 12:15 a.m. 0