HomeMy WebLinkAboutMinutes - City Council - Special - 7/25/1986349
SPECIAL CITY COUNCIL MEETING
MINUTES
JULY 25, 1986
The City Council of the City of Lubbock, Texas met in special session on the 25th day
of July, 1986 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, Councilwoman Maggie Trejo, Councilman George Carpenter, City
Manager Larry J. Cunningham, City Attorney John C. Ross, Jr., and Deputy City
Secretary Beatrice Cervantez.
Absent: Councilman Bob Nash.
Mayor McMinn called the meeting to order at 8:00 a.m.
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( 1.) The Invocation was given by Larry J. Cunningham, City Manager.
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( 2.) The Pledge of Allegiance was given in unison by those in the Council
Chambers.
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( 3.) Consider Ordinance #8949 issuing Certificates of Obligation.
ORDINANCE #8949
AN ORDINANCE AUTHORIZING THE ISSUANCE OF $4,200,000 "CITY OF LUBBOCK, TEXAS,
COMBINATION TAX AND SEWER SYSTEM SUBORDINATE LIEN REVENUE CERTIFICATES OF OBLIGATION,
SERIES 1986"; PROVIDING FOR THE PAYMENT OF SAID CERTIFICATES OF OBLIGATION BY THE LEVY
OF AN AD VALOREM TAX UPON ALL TAXABLE PROPERTY WITHIN THE CITY AND A PLEDGE OF THE NET
REVENUES DERIVED FROM THE OPERATION OF THE CITY'S SEWER SYSTEM; PROVIDING THE TERMS
AND CONDITIONS OF SUCH CERTIFICATES OF OBLIGATION AND RESOLVING OTHER MATTERS INCIDENT
AND RELATING TO THE ISSUANCE, PAYMENT, AND SECURITY, OF SAID CERTIFICATES OF
OBLIGATION; AND PROVIDING AN EFFECTIVE DATE.
Motion was made by Mayor Pro Tem Baker, seconded by Councilman
Patterson to pass on second reading Ordinance #8949 as recommended by
Staff. Motion carried: 6 Yeas; 0 Nays.
There being no further business to come before the Council, Mayor McMinn adjourned the
meeting at 8:01 a.m.
if- s ,.
B. C. McMINN, MAYOR
ATTEST:
C
Ran et BoSecretary Boyd, City Secret
READ AND APPROVED THIS 14TH DAY OF AUGUST, 1986.
- i,� - 9 ` B. C. MCMINN, MAYOR
ATTEST:
neAte.Boyd City Secretary