HomeMy WebLinkAbout09/14/1994 - Special Minutes City CouncilMayor
lARRY RINGER
Mayor ProTcm
LYNN MCILHAN~Y
Interim City Manager
TOM BRYM~R
COLLEGE STATION
Counctlm embers
BILL FOX
HUB I~_.NNADY
LARRY MARIOTT
DAVID HICKSON
NANCY CROUCH
MINUTES
CITY COUNCIL SPECIAL MEETING
WEDNESDAY, SEPTEMBER 14, 1994
7:00 P.M.
COUNCILMEMBERS PRESENT:Mayor Ringer, Councilmembers Mcllhaney,
Fox, Mariott, Kennedy, Hickson, Crouch
STAFF PRESENT: City Manager Ragland, Assistant City Manager
Brymer, City Secretary Hooks, Executive
...~.~rector of Fiscal/Human _~es
A.enda Item No~~~
Mayor Ringer ~l~e
A. enda Item No. ~..~,~fi." ~d ~ .ro~o.il to
increase total reve~from:~~~r~e ~2~ ~il in 1993 by nin~
percent and announc~med~ t~6p~x rate.
Mayor Ringer opened the public hearing.
Jack Perryman of 103 Lee Street came forward to express comments toward the
tax rate.
Mayor Ringer closed the public hearing.
Councilman Fox made the motion to set the date for the meeting of September
22nd as the date to consider the ad valorem tax rate. The motion seconded by
Councilman Mariott carried unanimously, 7-0.
City of College Station
Providing Customer Service Excellence
City Council Special Meeting
Wednesday, September 14, 1994
Page 2
A.qenda Item No. 3-- EMERGENCY ITEM: Consideration of an ordinance
amendin.q Ordinance No. 2081 relatinq to the issuance of Certificates of
Obligation.
Councilman Crouch moved to declare this item as an emergency item.
Councilman Hickson seconded the motion which carried unanimously, 7-0.
Executive Director of Fiscal/Human Resources Schroeder explained this issue.
He stated that this item serves as an amendment to Ordinance No. 2081
approved on August 25th. Ordinance No. 2081 authorized the issuance of
$3,460,000 in certificates of obligation. The Attorney General's office suggested
the ordinance be revised to reflect the principal payment over a period of five
years. An additional change in the ordinance reflects a floating interest rate of
sixty-eight percent of Bank One prime rate.
Councilman Kennady moved approval of Ordinance No. 2085. Councilman Fox
seconded the motion which carried unanimously, 7-0..
A.qenda Item No. 4 - Adjourn
Mayor Ringer adjourned the meeting at 7:20 p.m.
APPROVED:
ATTEST:
City Secretary Connie Hooks