HomeMy WebLinkAboutMinutes - City Council - Regular - 4/28/1981Aug 28, 1981
CITY OF LUBBOCK
SPECIAL CITY COUNCIL MEETING
August 28, 1981
The City Council of the City of Lubbock, Texas, met for a special meeting Friday, August 28,
1981 at 11:45 A.M. in the City Council Chambers, Second Floor, City Hall.
Those present: Mayor Bill McAlister, Mayor Pro Tem Alan Henry, Councilman E. Jack Brown,
Councilwoman Joan Baker, City Manager Larry Cunningham, City Attorney John C. Ross, Jr., and
City Secretary -Treasurer Evelyn Gaffga.
Those absent: Councilman M. J. Aderton.
1-40A-606A-839A The invocation was given by Councilman E. Jack Brown.
( 1)
1-40A-606A-839B The Pledge of Allegiance to the Flag was given in unison by those present in the Council Chambers.
( 2)
1-40A-606A-839C Consider an ordinance on second reading authorizing the issuance of $9,000,000 Electric Revenue
( 3) Bonds, 1981 Series.
Trial Attorney Jim Brewster appeared before the Council to officially state that Notice of this
matter had been advertised in accordance with the law; that Ordinance #8232, as this is numbered,
amends Ordinance 8195 passed by this Council on these same bonds in May, 1981, and paraphrased
only those paragraphs that differed or had been inserted. Mr. Brewster also stated that
the validation proceedings had been held in the District Courts of Lubbock County, and all
procedures and documentation had been complied with under the law.
Following his presentation, the Motion was made by Mayor Pro Tem Henry that the reading of the
ordinance in its entirety be omitted with the exception of those sections revised or
newly inserted, as read by Mr. Brewster. Motion was seconded by Councilwoman Baker. Motion
carried: Mayor McAlister, Mayor Pro Tem Henry, Councilman Brown and Councilwoman
Baker voting Yea; None voting Nay; Councilman Aderton absent.
Prior to action on the ordinance itself, the preliminary comments reflected that
all members of the Council would have preferred a leer interest rate, but under the
circumstances it was the best that could be attained; Mayor McAlister again reiterated
that the delay in the Council's action was costly.
Councilman Brown stated that he would not be voting against the ordinance at this time; that
the voice of the Council in its majority support of this issue had prevailed, and he
would go along with that; that admittedly he and Councilman Aderton did attempt to
prevent this matter from passing, and that although his convictions had not changed, in the
interest of unanimity of the Council, he would not oppose this matter on this date;
that there are definitely some problems facing LP&L which would need all of the effort
and support of all Council members.
Councilmwoman Baker responded that she was glad to hear his statements, because
the Council, as Board of Directors of the utility company needed his (Councilman Brown's)
expertise in business management, and it was imperative that the Council concentrate
on making LP&L a_profitable business.
The motion was made by Councilwoman Baker, seconded by Mayor Pro Tem Henry to pass
Ordinance 8232 on second and final reading. Motion carried: Mayor McAlister, Mayor
Pro Tem Henry, Councilman Brown and Councilwoman Baker voting Yea; None voting Nay;
Councilman Aderton absent.
ORDINANCE NO. 8232
AN ORDINANCE by the City Council of the City of Lubbock, Texas, authorizing
the issuance of $9,000,000 "CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT AND
POWER SYSTEM REVENUE BONDS, SERIES 1981", for the purpose of providing
funds for making improvements and extensions to the City's Electric
Light and Power System, i.e. improvements and extensions to the trans-
mission and distribution facilities, as authorized by the General
Laws of the State of Texas, particularly Article 1111, et seq., and
Article 2368a, V.A.T.C.S.; prescribing the form of the bonds and the
form of the interest coupons; 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; and enacting provisions incident and relating
to the subject and purpose of this ordinance; and providing an effective
date.
AUG 28,
There being no further business, the motion was made by Councilman Brown, seconded
by Councilwoman Baker to adjourn at 11:58 a.m. Four Yeas; No Nays, Councilman
Aderton absent.
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L McALISTE , ayor
ATTEST: «
Evelyn Gafirga, City Secretar Treasurer
READ AND APPROVED THIS 24TH DAY OF SEPTEMBER, 1981.
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ATTEST:
E elyn Gaf ga, City Sec t y- easurer