04291985 Special Meeting - Laserfiche WebLink

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113 MINUTES OF THE SPECIAL MEETING OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APRIL 29, 1985 PRESENT: Mayor Emmie Craddock Council Members Karl W. Brown Bill Coddington Gerald G. Farr Fred Guerra Betty Jane Kissler Bill Nicola City Manager A. C. Gonzalez City Secretary Janis K. Womack City Attorney Lamar W. Hankins Assistant City Manager Robert T. Herrera Director of Parks and Recreation Rodney Cobb Director of Finance Nora Chavez Police Chief Myron Galchutt Director of Env. and Engineering Steve Jenkins Director of Planning Frank Robbins Director of Public Works George Boeker Also Present: Betty Stansbury, Nina Pryatel, Jane Woods, Joe Verdoorn, David Young, Gregg Echols, Russell Scott and others. Mayor Craddock called the meeting to order at 7:30 p.m. Mayor Craddock introduced for consideration adoption of an Ordinance on third and final reading, the caption which was read as follows: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING THE PROJECT PLAN AND FINANC- ING PLAN OF REINVESTMENT ZONE NUMBER ONE, CITY OF SAN MARCOS, TEXAS; PROVIDING A SAVINGS CLAUSE; AND DECLAR- ING AN EFFECTIVE DATE. Mr. Guerra moved for adoption of the Ordinance on third and final reading and Ms. Kissler seconded the motion. Mr. Coddington discussed the need for a 45-day grace period to be included in Section 3, Accrued Interest. After much discussion Mr. Coddington moved to amend Section 3, Accrued Interest to add the following language to the first sentence: "The Developer shall be entitled to receive interest on all reimbursable expenditures associated with the Project and approved by the City from the date of expenditure to the date of reimbursement, less a 45-day grace period that begins on the date of billing. . . ." Ms. Kissler seconded the motion, which passed unanimously. Several amendments have been discussed throughout the readings of the Ordinance, but were not made as discussed. Mr. Farr then moved to make the amend- ments as follows: Pages 10 and 11 of the Plan to change the pavement from 36' to 45'; substituting a new Section 7 in Article I, Indemnity; throughout the plan to change the names of the parties to Financial Management Group; substituting a new Section 3, Article II, Accrued Interest, as presented at this meeting (April 29,1985), except for the first amendment cited above; and the inclusion of a Section 3 in Article III, Representations as to the One-Acre Tract of Land as presented at this meeting (April 29, 1985). Mr. Brown seconded Mr. Farr's motion for all these amendments, which passed unanimously. The Council then voted unanimously for adoption of the Ordinance. Mayor Craddock introduced for consideration approval of an Ordinance on first reading, the caption which was read as follows: