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97 Regular Meeting March 12, 1984 Page 6 Mr. Farr moved for adoption of the Resolution and Mr. Brown second- ed the motion. Jack Lindstrom stated surrounding cities have nice centers for their senior citizens and he wanted the Council to consider the use of the Fish Hatchery Building for the senior citi- zens and possibly they could be placed in charge of showing the film "River of Innocence" tþ visitors to our City. He expressed a need for a place for our senior citizens. Mr. Farr suggested a workshop be arranged with the Staff and public to receive suggestions. City Manager Gonzalez said a proposal could be drawn up and presented to the Parks Board for their recommendations with the assistance and help of the Staff. Mr. Kester said there were plans for two main areas downstairs in the Fish Hatchery Building, one room to seat 40 people, a smaller room that could be used as a conference room that would seat 14, a kitchenette and a large bathroom and ramp to the building which would accommodate handicapped persons. There is also a small closet downstairs and a 12 x 16 open deck in front of the building. Mr. Gonzalez said the Parks Board would be meeting next week and could discuss this matter. Mr. Lindstrom said he would contact Judge Burnett and the County Commissioners on the possibility of the County sharing 50/50 with the City in a place for the senior citizens. The Council voted unanimously for adoption of the Resolution. Mayor Craddock introduced for consideration adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND CONDITIONS OF A FINANCIAL ADVISORY CONTRACT BETWEEN SAID CITY AND FIRST SOUTHWEST COMPANY FOR PROVISION OF PROFES- SIONAL SERVICES AND FACILITIES AS FINANCIAL ADVISOR IN CONNECTION WITH THE ISSUANCE BY CITY OF CERTAIN BONDS AND/OR CERTIFICATES OF OBLIGATION; AUTHORIZING THE MAYOR OF SAID CITY TO EXECUTE SAID CONTRACT AND DECLARING AN EFFECTIVE DATE. Mayor Craddock moved for adoption of the Resolution and Mr. Farr se- conded the motion. The Council had some concerns about the fee schedule. Mr. Hankins agreed with the Council it was difficult how First Southwest Company wanted the fee schedule to work and pointed out various other changes made in this contract as compared to our prior contract, to-wit: on Page 2, Item 5 at the bottom of the page reads they will pay for all "shipping costs of bonds" and they left out "registration costs" which was in the prior contract (Mr. Harrison stated in a telephone conversation with Mr. Hankins on March 12 that was a mistake, it should be included); Item 7 at the bottom of Page 2 says they will pay for all "in state travel and communication expenses of financial advisor", and in our prior contract it said they would provide travel and communication ex- penses of the financial advisor (Mr. Harrison said the City has always paid for the out of state travel of the financial advisor); and on Page 3 of the contract in No. 5 the term of the contract changes from 36 months to "60 months" (Mr. Harrison said their firm is changing all their contracts to 60 months). Mr. Harrison was unable to be at this meeting, but can be present at the March 26 Council meeting. Mayor Craddock then moved this matter be tabled until Mr. Harrison was able to be present at the Council meeting and Mr. Farr seconded the motion, which passed unanimously. Mayor Craddock introduced for consideration adoption of a Resolution, the caption which was read as follows: