12021996 Regular Meeting - Laserfiche WebLink

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ll3 1fINUTES OF THE REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, DECEi\1BER 2, 1996 PRESENT: Mayor Billy G. Moore Mayor Pro-Tern Rick Hernandez Council .iYfembers Ronald K. Hart -- Fred Guerra Jane Hughson Joe B. Cox, Jr. Ed Mihalkanin City Manager Larry D. Gilley Assistant City Manager Laura HufiÌnan City Secretary * Janis K. Womack City Attorney Mark B. Taylor Director of Finance Bill White Director of Parks and Recreation Rodney Cobb Director of Library Stephanie Langenkamp Director of Planning and Developmental Services Ron Patterson Fire Chief Dan O'Leary Director of Environmental Health Terry Ewald Also Present: Kim Doherty, Collette Duran, Melissa Millecam, Dan Nelson, Virginia Witte, San Marcos High School Students, Dan Wegmiller, Rick Fisher, Scott Maier and others. Mayor Moore called the meeting to order at 7: 30 p.m. - Mayor Moore introduced the citizen comment period. There were no speakers. -- Mayor Moore introduced for consideration adoption of an Ordinance on emergency, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE ISSUA.J."TCE AND SALE OF CITY OF SA.J."T MARCOS, TEXAS, WATERWORKS A.J."TD SEWER SYSTEM REVENUE BONDS, SERIES 1996-B, IN THE AGGREGATE PRINCIPAL AL"viOUNT OF $7,500,000; PRESCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID BONDS; A \V ARDING THE SALE THEREOF; APPROVING THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT; Ai"TD DECLARING AL"T EMERGENCY. Mr. Guerra moved for adoption of the Ordinance on emergency and Mr. Hart seconded the motion. Dan \Vegmiller, First Southwest Company, stated the City of San Marcos received a 4.275% interest rate for this issue and during the period of May-July the interest rate was 4.64%. He stated this was an excellent market for sale. t..-fr. Hernandez moved to amend the Ordinance in Sections 3.10 through 3.12 on pages 10 and 11 of the ordinance as submitted by bond Council: 1999 $100,000 3. 1 00% 2009 $350,000 4.050% -- 2000 $100,000 3.200% 2010 $325,000 4.150% - 2001 $100,000 3.300% 2011 $355,000 4.200% 2002 $100,000 3.400% 2012 $485,000 4.250% 2003 $100,000 3.450% 2013 $665,000 4.300% 2004 $ 5,000 3.550% 2014 $700,000 4.350% 2005 $ 5,000 3.650% 2015 $735,000 4.400% 2006 $250,000 3.750% 2016 $775,000 4.400% 2007 $350,000 3.850% 2017 $1,650,000 4.450% 2008 $350,000 3.950% *Ms. Womack not present at this meeting.