HomeMy WebLinkAboutMIN 07.07.1992 CC-S•jMFIZKQ#W&*JMff!' !
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The City Council of the City of Georgetown, 'Texas, met in special session on the above date
with Mayor Leo Wood presiding.
Council Members
Present:
Mike McMaster
Ferd Tonn
Bill Shelby
Winfred Bonner
Shorty Valdez
Doris Curl
Jane Voltz
Staff Present:
Bob Hart, City Manager
Marianne Landers Banks, City Attorney
Elizabeth Gray, City Secretary
Glenn Reynolds, Director of Finance
Council Members
Absent.
Kegular c • • . • •' • ! •
• 0' Y, of Mayor,Council,1 1 City Managi
There were no comments at this time.
There were no citizens wishing to address Council at this time.
920305 Cl• bidding r open I r' read bids I 61 1.1 1 l
Combination TI. Revenue Certificates of r i
1992/GlennReynolds
Monty Nitcholas of First Southwest Company, the City's Financial Advisor, stated
that the bonds were rated "A" by Moody's and "A-" by Standard and Poors.
Nitcholas read the bids. There were 13 bids submitted.
Mayor Wood asked Nitcholas and Reynolds to verify the bid amounts and prepare
to report back to Council.
Minutes of City Council Meeting
July 7, 1992
Page 1 of 2 Pages
920307 Ratification of contracts for appraisal services with Kokel and Associates and
Gus E. Cannon, to perform appraisals for the Leander Rd. widening
project/Marianne Banks
Attorney Banks reviewed the history on this item and clarified the cost of the
appraisals. Motion by Valdez, second by Curl to ratify the appraisal contracts
with Kokel and Associates and Gus E. Cannon. Approved 5-0. McMaster and
Tann abstained.
920305 continued...
Nitcholas reported to Council that he and Reynolds had verified the bid
tabulations, and he recommended that the Council award the bid to the firm of
Masterson, Moreland, Sauer, Whisman, Inc. as the lowest bidder.
920306 Ordinance authorizing sale of $1,600,000 Combination Tax and Revenue
Certificates of Obligation, Series 1992/Glenn Reynolds
Reynolds stated that the rate bid by Masterson and Moreland would be inserted
in the appropriate places in the ordinance. Motion by McMaster, second by
Bonner to approve the ordinance on second reading. Approved 7-0.
There were no final comments.
Meeting was adjourned at 7:22 p.m.
These minutes were compiled by Sandra Lee and reviewed by Elizabeth Gray.
Approved:
Minutes of City Council Meeting
July 7, 1992
Page 2 of 2 Pages
Attest:
Elizabeth Gray, Ci I Secretary