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60 MINUTES OF THE SPECIAL MEETING OF THE CI~Y COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APRIL 2,1987 PRESENT: Mayor J. E. Younger Mayor Pro-Tem Council Members Betty Jane Kissler * Karl W. Brown Bill Coddington Gerald G. Farr ** Fred Guerra *** William C. Nicola City Manager City Secretary City Attorney Assistant City Manager Acting Director of Finance ** A. C. Janis Lamar Larry Donna Gonzalez K. Womack W. Hankins Gilley Farley Also Present: Mark Hendricks, Bill Newman, Jorge Rodriguez, Don Hen- derson, Robert Wynn, Brian McCabe, Ricky Hernandez, Melissa Millecam, Ross Allegro and others. Mayor Younger called the meeting to order at 5:15 p.m. Mayor Younger moved Item 4 to this point on the agenda, to consider approval of appointment of Chief Municipal Court Judge and approval of salary for such position. Mayor Younger moved that Ross Allegro be appointed Chief Municipal Court Judge with his salary to be set at $32,000 annually and a $75.00 per month car allowance and Mr. Coddington seconded the motion, which passed unanimously. Mayor Younger 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 ISSUANCE AND SALE OF CITY OF SAN MARCOS, TEXAS, COMBINATION TAX AND REVEN- UE REFUNDING BONDS, SERIES 1987, IN THE AGGREGATE PRINCIPAL AMOUNT OF $6,685,000, FOR THE PURPOSE OF REFUNDING OUTSTANDING CERTIFICATES OF OBLIGATION; PRESCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SUCH BONDS; AWARD- ING THE SALE THEREOF; APPROVING THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT OF THIS ORDINANCE; AND DECLARING AN EMERGENCY. [AMOUNT AMENDED TO $6,680,000] Mr. Farr moved for adoption of the Ordinance on emergency and Ms. Kissler seconded the motion (Mr. Brown present 5:30 p.m.). Mr. Bill Newman of First Southwest Company advised the Council they had gone to market on Monday, March 30, 1987 and secured a bond sale in the amount of $6,680,000, with a net savings to the City of $293,323.00. Mr. Rick Fisher read into the record the amendments and corrections to the Ordinance, a copy of which is attached to these Minutes. Mayor Younger moved to amend the Ordinance to add the wording as read into the record by Mr. Fisher and Mr. Brown seconded the motion. On roll call the fol- lowing vote was recorded (Mr. Nicola present to vote on this item 5:55p~.): AYE: Brown, NAY: None. ABSTAIN: Nicola. Coddington, Farr, Younger, Kissler. * Mr. Brown present at 5:30 p.m. ** Messrs. Guerraand Gonzalez not present at this meeting. *** Mr. Nicola present at 5:55 p.m.