HomeMy WebLinkAboutMinutes - City Council - Special - 4/29/1988323
SPECIAL CITY COUNCIL MEETING
APRIL 29, 1988
8:00 A.M.
The City Council of the City of Lubbock, Texas met in special session
on the 29th day of April, 1988 in the City Council Chambers, first
floor, City Hall, 1625 13th Street, Lubbock, Texas at 8:00 a.m.
Present: Mayor B. C. McMinn, Mayor Pro Tem Joan Baker, Councilman T.
J. Patterson, Councilman Gary Phillips, Councilman Bob Nash,
Councilman George Carpenter, Councilwoman Maggie Trejo, City Manager
Larry J. Cunningham, City Attorney John C. Ross, Jr., and City
Secretary Ranette Boyd.
Mayor McMinn called the meeting to order at 8:00 a.m.
( 1,) The Invocation was given by Ranette Boyd, City
Secretary.
( 2.) The Pledge of Allegiance was given in unison by
those in the Council Chambers.
88-47A-323-299
( 3.) ORDINANCE #9199--Authorizing issuance of
$6 560,000 in "City of Lubbock, Texas General
Obligation Bonds, Series 1988".
ORDINANCE #9199
ORDINANCE #9199
AN ORDINANCE AUTHORIZING THE ISSUANCE OF "CITY OF LUBBOCK,
TEXAS, GENERAL OBLIGATION BONDS, SERIES 19881f; SPECIFYING THE TERMS
AND FEATURES OF SAID BONDS; LEVYING A CONTINUING DIRECT ANNUAL AD
VALOREM TAX FOR THE PAYMENT OF SAID BONDS; AND RESOLVING OTHER
MATTERS INCIDENT AND RELATED TO THE ISSUANCE, SALE, PAYMENT AND
DELIVERY OF SAID BONDS, INCLUDING THE APPROVAL AND DISTRIBUTION OF AN
OFFICIAL STATEMENT PERTAINING THERETO; AND PROVIDING AN EFFECTIVE
DATE.
88-47A-323-300
( 4.)
Motion was made by Councilman Patterson, seconded
by Councilman Phillips to pass on second and
final reading Ordinance #9199. Motion carried:
7 Yeas; 0 Nays.
Series 1988".
ORDINANCE #9200
AN ORDINANCE AUTHORIZING THE ISSUANCE OF "CITY OF LUBBOCK,
TEXAS, COMBINATION TAX AND GOLF COURSE REVENUE CERTIFICATES OF
OBLIGATION, SERIES 1988"; LEVYING AN AD VALOREM TAX UPON ALL TAXABLE
PROPERTY IN THE CITY AND PLEDGING THE NET REVENUES DERIVED FROM THE
OPERATION AND OWNERSHIP OF THE GOLF COURSE FACILITIES FOR THE PAYMENT
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April 29, 1988
OF SAID CERTIFICATES; SPECIFYING THE TERMS AND FEATURES OF SUCH
CERTIFICATES AND RESOLVING OTHER MATTERS INCIDENT AND RELATED TO THE
ISSUANCE, SALE, SECURITY, PAYMENT AND DELIVERY OF SAID CERTIFICATES)
INCLUDING THE APPROVAL AND DISTRIBUTION OF AN OFFICIAL STATEMENT
RELATING THERETO; AND PROVIDING AN EFFECTIVE DATE.
Motion was made by Councilman Nash, seconded by
Councilwoman Trejo to pass on second and final
reading Ordinance #9200. Motion carried: 7
Yeas; 0 Nays.
88-47A-324-301
5.) ORDINANCE #9201--Authorizing issuance of
$17,000,000 "City of Lubbock, Texas Electric
Light and Power System Revenue Bonds, Series
1988.11
ORDINANCE #9201
ORDINANCE #9201
AN ORDINANCE authorizing the issuance of
$17,000,000 "CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT AND POWER SYSTEM
REVENUE BONDS, SERIES 1988"; prescribing the forms, terms, and
provisions of said bonds; pledging the net revenues of the City's
Electric Light and Power System to the payment of the principal of
and interest on said bonds; enacting provisions incident and related
to the issuance, payment, security, sale and delivery of said bonds,
including the approval and distribution of an Official Statement
pertaining thereto, and providing an effective date.
Motion was made by Mayor Pro Tem Baker, seconded
by Councilman Carpenter to pass on second and
final reading Ordinance #9201. Motion carried:
7 Yeas; 0 Nays.
Motion was made by Councilman Patterson, seconded by Councilman
Phillips to adjourn the meeting at 8:07 a.m. Motion carried: 7
Yeas; 0 Nays.
AT ST:
Ranet e Boyd, City Secretary
READ AND APPROVED THIS I�T� DAY OF
T:
Rane e Boyd, City Secretary
-Z-A
'B.C. McMINN, MAYOR
MAY�46, 1980.
C*
B. C. McMINN, MAYOR