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Minutes 04.06.1970 CC-R134 April 6, 1970 n The City Council met in called session on the above date, Mayor Jay C. Sloan presiding. The following councilmen and officals were present; Wm. It. Lanes, Harry Gold, Hubert Brock,.Doyle Lyda, A. F. Davis, City Manager Leo Wood, Asst. City Manager Claud Eads, City Attorney Joe B. McMaster, J. D. Wininger, Joe Crawford, Fred King, and Bill Buchanan. City Election Mayor Jay C. Sloan appointed Harry Gold, Hubert Brock, and Wm. It. Eanes to canvass the City election returns. CX VASS RETURNS: TO THE IiONORABLE MAYOR OF GEORGETOWN, TEXAS: We your committee appointed to canvass the returns of the regular City Election held on April 4, 1970, to elect: (1) Mayor (Full Term) and (2) Alderman for a two year term each, REPORT AS FOLLOWS: That Jay C. Sloan received 836 votes for Mayor, That Joe Crawford received 577 votes for Alderman, That J. D. Wininger received 480 votes for Alderman, That Robert Dean received 264 votes for Alderman, That Nelbert Tanksley received 248 votes for Alderman. Total Votes cast 842. Harry L. Gold William It. Lanes Hubert 11. Brock 13,5 After reviewing the election return 'report, Mayor Sloan declared Jay C. Sloan elected to serve as Mayor for the next two years, and Joe Crawford and J. D. Wininger to serve as Alderman for the next two years. Bids on Sealed bids were received 8nd opened for the dale of $400,000.00 Revenue Revenue Bonds for the City of Georgetown, Texas. First of Texas was awarded Bonds the sale with an effective interest rate of 5.99444%. Mr. Curtis Adrian, financial advisor for the City, approved this gale. A C C 0 VINT tiET INT11tLST COST EFFIXTIVE INTERI-ST RATE Ditmar & Co. San Antonio, Texas $259,980.00 6.0157% Huss & Co. San Antonio, Texas $270,200.00 6.25462% Columbian Security Co: San Antonio, Texas $271,500.00 6.28472,1 M. E. Allisonon Co, Inc. San Antonio, Texas $265,450.00 6.1446% First of Texas, Inc. Houston, Texas $258,960.00 5.99444%% Rolwes & Winston Coi Houston, Texas $276,910.00 6.40995% First So. West Co. Austin, Texas $271,045.00 6.27418% ORDINANCE AUTHORIZING THE ISSUANCE OF REVENUE BONDS: THE STATE OF TEXAS COUNTY OF WILLIA11SON CITY OF GEORGETOWN On thin the 6th day of April, 1970, the City Council of the City of Georgetown, Texas, convened in special session at the regular meeting place thereof in the City Hall with the following members present: JAY C. SLOAN, MAYOR A. F. DAVIS DOYLE LYDA HUBERT BROCK HAIULY GOLD WILLIAM R. LANES CLAUD EADS, ALDERMEN CITY SECULTARY and the following absent: None, constituting a quorum, when the following, amoung other proceedings were had, to -wit: Alderman Eaes introduced fk proposed ordinance which was read in full. Alderman Gold moved that the rule requiring ordinances to be read at more than one meeting be suspended. The motion was seconded by Al- derman Brock. The motion carried by the following vote: AYES: Alderman Davis, Lyda, Brock, Gold, and Eanes. NOES: None. Alderman Gold moved that the ordinance be passed finally. The motion was seconded by Alderman Brock. The motion carried by the following vote: AYES: Aldermen Davis, Lyda, Brock, Gold, and Eanes. NO1.'S: None. ?he 19aybr'knhounced that the ordinance had been finally passed. 13G CAPTION OF ORDINANCE: BY THE CITY COUNCIL OF THE CITY OF GEORGETOUN, TEXAS, AUTHORIZING THE ISSUANCE OF REVENUE BONDS OF SAID CITY IN THE TOTAL PRINCIPAL AMOUNT OF $400,000 (BEING THE FIRST PARCEL OIL INSTALLMENT OF A TOTAL VOTED AUTHOR- IZATION 0f $675,000), OF WHICH $175,000 OF BONDS ARE AUTHORIZED FOR THE PURPOSE 6F CONSTRUCTING EXTENSIONS AND Il111ROVEMINTS TO THE CITY'S WATER- WORKS SYSTEM; $100,000 OF BONDS ARE. AUTHORIZED FOIL THE PURPOSE OF CONST- RUCTING EXTENSIONS AND IMPROVLUENTS TO THE CITY'S SEVER SYSTEM; AND $125,000 OF BONDS AItE AL'T13ORIZED FOR THE PURPOSE OF CONSTRUCTING EXTENSIONS AND IM- PROVEMENTS TO THE CITY'SELECTRIC LIGHT SYSTEM; PRESCRIBING THE FOILM, TERMS AND CONDITIONS OF THE BONDS AND THE FORM OF THE INTEREST COUPONS: PLEDGING TIIE REVENUES OF THE CITY'S CONBINED WATERWORKS, SLYER AND ELECTRIC LIG11T SYSTEM TO, THE PAYMENT OF PRINCIPAL OF AND INTEIiEST ON SAID BONDS AJ!TER. DI:DUTION OF REASONABLE EXPENSES OF OPERATING AND MAINTAINING SAID COM- BINED SYSTEM; MAKING C'EILTAiN COVENANTS OF SAID CITY WITH REFEILENCE TO THE BOND FUND FROM WHICH SAID PRINCIPAL AND INTEILEST ARE TO 13E PAID: ENACTING PROVISIONS INCIDENT AND RELATING TO THE SUBJECT AND PURPOSE OF THIS OIL- DINANCE: CONFIRMING THE SALE OF THE BONDS: AND DECLARING AN EMERGENCY. PASSEL) AND APPROVED at a meeting open to the public, this the 6th day of April, 1970, after public notice of the time, place and purpose of said meeting was given and posted as required by law. MAYOR, City of Georgetown, Texas ATTEST: City Secretary There being no further business on a motion by Davis and seconded by Brock the meeting was adjourned.