CITY OF LAREDO

SPECIAL CITY COUNCIL MEETING

A-2007-SC-05

CITY COUNCIL CHAMBERS

1110 HOUSTON STREET

LAREDO, TEXAS 78040

AUGUST 15, 2007

12:00 NOON

I. CALL TO ORDER

With a quorum present, Mayor Pro Tempore Gene Belmares called the meeting to order.

II. PLEDGE OF ALLEGIANCE

With a quorum present, Mayor Pro Tempore Gene Belmares led in the Pledge of Allegiance.

III. ROLL CALL

In attendance:

Raul G. Salinas, Mayor

Mike Garza, Council Member, District I

Hector Garcia, Council Member, District II

Johnny Amaya, Council Member, District IV

Johnny Rendon, Council Member, District V

Gene Belmares, Mayor Pro Tem, District VI

Juan Chavez Council Member, District VII

Juan Ramirez, Council Member, District VIII

Gustavo Guevara, Jr., City Secretary

Carlos Villarreal, City Manager

Cynthia Collazo, Deputy City Manager

Horacio De Leon, Assistant City Manager

Jesus Olivares, Assistant City Manager

Motion to excuse Cm. Landeck.

Moved: Cm. Garcia

Second: Cm. Amaya

For: 6 Against: 0 Abstain: 0

IV. FINAL READINGS

Motion to waive the final readings of Ordinances 2007-O-135 and 2007-O-136.

Moved: Mayor Pro Tempore Belmares

Second: Cm. Ramirez

For: 6 Against: 0 Abstain: 0

2007-O-135 Authorizing the issuance of City of Laredo, Texas Waterworks and Sewer System Revenue Bonds, Series 2007 in the estimated amount of $18,250,000.00, 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, making provisions for the security thereof; authorizing amendment to the City’s Budget to appropriate such proceeds for purposes authorized herein and ordaining other matters relating to the subject. (The final amount will be announced at the City Council Meeting)

Motion to adopt Ordinance 2007-O-135 and to award to UBS

Investment Bank in the par amount of $17,670,000.

Moved: Cm. Garza

Second: Cm. Garcia

For: 7 Against: 0 Abstain: 0

2007-O-136 Authorizing the issuance of City of Laredo, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2007 in the estimated amount of $75,500,000.00, for paying all or a portion of the City’s contractual obligations for the purpose of:

(1) Constructing, improving and repairing City streets and sidewalks, together with drainage, traffic and street signalization and lighting improvements;

(2) Acquisition of municipal equipment and municipal vehicles for the City’s Airport Department, Civic Center Division, Convention and Visitor’s Bureau Department, Engineering Department, Health Department, Public Safety Department, Public Works Department, Solid Waste Department, and Water and Sewer Departments;

(3) Acquiring, constructing, improving and equipping the City’s Parks including design and construction of a City Golf Course, Water Park and Recreation Centers;

(4) Acquisition of equipment and improvements to Fire Department Building and Training Center and Law Enforcement Buildings;

(5) Improvements to City’s Fleet Management Facilities and Drainage Facilities, including land acquisition and right-of-way, construction and design, and major repairs to municipal buildings;

(6) For payment of legal, fiscal, and engineering fees in connection with such projects; approving an official statement, authorizing the execution of a purchase contract, making provisions for the security thereof;

(7) And authorizing amendment to City’s budget to appropriate such proceeds for purposes authorized herein; and ordaining other matters relating to the subject. (The final amount will be announced at the City Council Meeting)

Motion to adopt Ordinance 2007-O-136 and award to UBS

Investment Bank in the par amount of $72,480,000.

Moved: Cm. Garcia

Second: Cm. Garza

For: 7 Against: 0 Abstain: 0

V. EXECUTIVE SESSION

None.

VI. ADJOURNMENT

Motion to adjourn. Time: 12:43

Moved: Cm. Garza

Second: Cm. Garcia

For: 7 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 03 and they are true, complete, and correct proceedings of the City Council meeting held on August 15, 2007.

___________________________________

Gustavo Guevara, Jr.

City Secretary