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117 Special Meeting December 19, 1983 Page 4 Mayor Craddock introduced for consideration theæoption of an Ordin- ance, the caption which was read as follows: ORDINANCE AUTHORIZING THE ISSUANCE OF $300,000 CITY OF SAN MARCOS, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1984. Mr. Farr moved for adoption of the Ordinance and Mr. Brown seconded the motion. Bond Attorney Rick Fisher advised Section 3 of the Ordin- ance needed to be amended to complete the blanks as follows, which he then read into the record as follows: "Section 3. INTEREST. . . . Certificates maturing 1985, 7.65%; Certificates maturing 1986, 7.90%; Certificates maturing 1987, 8.15%; Certificates maturing 1988, 8.40%; " . . . Mayor Craddock moved to amend Section 3 as read into the record by Rick Fisher and Mr. Guerra seconded the motion, which passed unani- mously. The Council then voted unanimously for adoption of the Ordinance. Mayor Craddock introduced for consideration approval of form and con- tent of the paying agent/registrar agreements in connection with each of the above issues of certificates of obligation. Mr. Brown moved to authorize the execution of the paying agent/registrar agreements for the $1,500,000 Waterworks and Sewer System Revenue Certificates of Obligation, Series 1984, with American National Bank of Austin and execution of the paying agent/registrar agreement with American National Bank of Austin for the Combination Tax and Revenue Certificates of Obligation, Series 1984 for $300,000. Mr. Guerra seconded the motion, which passed unanimously. Mayor Craddock introduced for consideration the adoption of a Resolu- tion approving the terms and conditions of a lease with GT+3 Flight Operations, Inc. at the Municipal Airport. Mr. Guerra moved to table the Resolution because the Lessee's banker wanted amendments to be made in the lease agreement prior to the Council's consideration. Mr. Farr seconded the motion, which passed unanimously. Mayor Craddock introduced for consideration approval for payment of cost overrun of the Softball Complex. Mr. Farr moved this item be removed from the table (tabling motion made December 12, 1983) and Mayor Craddock seconded the motion, which passed unanimously. Mr. KreQZrrer moved for approval of payment of $35,000.00 from fund balance for the cost overrun and Mr. Guerra seconded the motion, which passed unanimously. Mayor Craddock introduced for consideration approval for allocation of Revenue Sharing Entitlement No. 15 funds of $15,000.00 to the San Marcos Main Street Project. The City of San Marcos was unsuccessful in being accepted for state funding with the Main Street project and that was the need for the monies to be allocated for the San Marcos Main Street Project to receive the funds to work on the Main Street Project without the assistance of the State funding. Mr. Farr moved for approval of the $15,000 from Revenue Sharing 15 funds and Mr. Brown seconded the motion, which passed unanimously.