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CITY OF SPECIAL CITY COUNCIL
MEETING M2005-SC-04 CITY COUNCIL CHAMBERS I. CALL TO ORDER With
a quorum present, Mayor Elizabeth G. II. PLEDGE OF
ALLEGIANCE Mayor
Flores led in the Pledge of Allegiance. III. ROLL CALL In
attendance: Elizabeth
G. Flores, Mayor Alfredo
Agredano, Council
Member, District I Hector
Garcia, Council
Member, District II Johnny
Rendon, Council
Member, District V Gene
Belmares, Council
Member, District VI Jose
A. Juan
Ramirez, Council
Member, District VIII Jaime
Flores, Motion
to excuse Cm. Galo
and Cm. Amaya. Moved: Cm. Agredano For: 6 Against: 0 Abstain: 0 IV. FINAL
Motion to
waive the final readings of Ordinance #2005-O-169, # 2005-O-170, #
2005-O-171, and # 2005-O-172. Moved: Cm. Agredano Second: Mayor Pro Tem Valdez For: 6 Against: 0 Abstain: 0 1. 2005-O-169
Authorizing the issuance of Revenue
Improvement and Refunding Bonds, Series 2005A in the Principal Amount of
$25,700,000.00 for the purpose of purchasing and installing of second phase
of toll bridge collection system, removal of sidewalks, and the adding of a
lane for Bridge No. 2, design and construction improvements at Building E,
together with additional sidewalks for Bridge No. 1, construction and
improvements for erosion control and bridge supports for Bridge No. 3,
construction of ramp from Bridge No. 2 to Bridge No. 1 and other improvements
in connection with the International Toll Bridge System and the refunding of
State Infrastructure Bank Loans with
Texas Department of Transportation, approving an official statement,
authorizing the execution of a purchase contract, and the execution of an
escrow agreement and authorizing amendment to the City’s Budget to
appropriate such proceeds for purposes authorized herein, and authorizing and
ordaining other matters related to the subject. Motion
to adopt Ordinance # 2005-O-169 amending the principal amount from
$25,700,000.00 to $25,585,262.71. Moved: Cm. Belmares Second: Mayor Pro Tem Valdez For: 6 Against: 0 Abstain: 0 2005-O-170 Authorizing the issuance of Refunding Bonds, Series 2005 in the
principal amount of $21,500,000.00; approving an Official Statement;
authorizing the execution of a purchase agreement and an escrow agreement; making provisions for the security thereof; and authorizing amendment to the
City’s Budget to appropriate such proceeds for the purposes authorized
herein, establishing procedures for selling and delivering the bonds; and
ordaining other matters relating to the subject. Motion
to adopt Ordinance # 2005-O-170 amending the principal amount from
$21,500,000.00 to $26,595,605.01. Moved: Cm. Belmares Second: Mayor Pro Tem Valdez For: 6 Against: 0 Abstain: 0 2005-O-171 Authorizing the issuance of Revenue Certificates of Obligation, Series
2005 in the Principal amount of $17,000,000.00 for the purpose of paying
all or a portion of the City’s Contractual Obligations for the purpose of
purchasing trucks, vehicles and equipment for the Fire Department and
purchasing trucks and vehicles for the Planning, Building and Public Works
Departments, acquiring and constructing a City Communication System
and Improvements to City Health Clinic and the acquisition of land
and equipment, together with improvements for preliminary design for drainage purposes,
and for the payment of legal, fiscal, and engineering fees in connection
with such projects; and approving an Official Statement
authorizing the execution of a purchase contract and authorizing amendment to the
City’s Budget to appropriate such proceeds for purposes authorized
herein and ordaining other matters relating to the
subject. Motion
to adopt Ordinance # 2005-O-171 amending the principal amount of $17,000,000
to 15,995,175.25. Moved: Cm. Belmares Second: Mayor Pro Tem Valdez For: 6 Against: 0 Abstain: 0 2005-O-172 Authorizing the issuance of System Revenue Bonds, Series 2005, in the
principal amount of $7,400,000.00 for the purpose of improving
and extending the City’s Combined Waterworks System and Sewer
System, approving an Official Statement, authorizing the execution of a
purchase contract, and making provisions for the security thereof; and
authorizing amendment to the City’s budget to appropriate such proceeds
for purposes authorized herein, and ordaining
other matters relating to the subject. Motion
to adopt Ordinance # 2005-O-172 amending the principal amount from
$7,400,000.00 to 6,430,845.66. Moved: Cm. Belmares Second: Mayor Pro Tem Valdez For: 6 Against: 0 Abstain: 0
2005-O-173 Authorizing the issuance of the City of
Laredo, Texas International Toll Bridge Revenue Refunding Bonds, Series
2005B in the principal amount of $26,700,000.00 for the purpose of
refunding International Toll Bridge System Revenue Bonds, approving an
official statement, authorizing the execution of a purchase contract and the
execution of an escrow agreement, and making provisions for the
security thereof, and authorizing amendment to the City’s budget to appropriate
such proceeds for purposes authorized
herein; and ordaining other matters related to the subject. Motion
to postpone. Moved: Cm. Belmares Second: Cm.
Garcia For: 6 Against: 0 Abstain: 0 V. EXECUTIVE
SESSION The City
Council hereby reserves the right to go into executive session at any time
during this public meeting, if such is requested by the VI. ADJOURNMENT Motion
to adjourn. Time:
Moved: Mayor Pro Tem Valdez Second: Cm. Belmares For: 6 Against: 0 Abstain: 0 I, Gustavo
Guevara, Jr., City Secretary, do hereby certify that the above and foregoing
is a true and correct copy of the minutes contained in pages 01 to 04 and
they are true, complete, and correct proceedings of the City Council meeting
held on _____________________________________ Gustavo
Guevara, Jr. City Secretary |