HomeMy WebLinkAboutMinutes - City Council - Special - 6/10/2005CITY OF LUBBOCK
SPECIAL CITY COUNCIL MEETING
JUNE 10, 2005
3:00 P.M.
The City Council of the City of Lubbock, Texas met in special session on the loth
day of June, 2005, in the City Council Chambers, first floor, City Hall, 1625 13th
Street, Lubbock, Texas at 3:00 P. M.
3:04 P. M. CITY COUNCIL CONVENED
City Council Chambers, 1625 13th Street, Lubbock, Texas
Present: Mayor Marc McDougal; Mayor Pro Tem Tom Martin; Council
Member Linda DeLeon; Council Member Phyllis Jones; Council
Member Floyd Price; Quincy White, Assistant City Manager; Linda
Chamales, Supervising Attorney; and Tommy Combs, Deputy City
Secretary
Absent: Council Member Gary 0. Boren; Council Member Jim Gilbreath;
Lou Fox, City Manager; Anita Burgess, City Attorney; Rebecca
Garza, City Secretary
Mayor McDougal called the meeting to order at 3:04 P. M.
( 1.) Ordinance No. 2005-00068 authorizing the issuance of City of
Lubbock, Texas General Obligation Refunding Bonds, Series 2005, in
an amount not to exceed $95,000,000; providing for the award and
sale thereof in accordance with specified parameters; levying a tax in
payment thereof; prescribing the form of said bonds; approving
execution and delivery of an escrow agreement and a bond purchase
agreement; approving the official statement; enacting other
provisions relating to the subject; and declaring an effective date
(Finance) (first and only reading).
ORDINANCE NO. 2005-00068
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LUBBOCK, TEXAS,
AUTHORIZING THE ISSUANCE OF CITY OF LUBBOCK, TEXAS GENERAL
OBLIGATION REFUNDING BONDS, SERIES 2005, IN AN AMOUNT NOT TO
EXCEED $95,000,000; PROVIDING FOR THE AWARD AND SALE THEREOF IN
ACCORDANCE WITH SPECIFIED PARAMETERS; LEVYING A TAX IN
PAYMENT THEREOF; PRESCRIBING THE FORM OF SAID BONDS; APPROVING
EXECUTION AND DELIVERY OF AN ESCROW AGREEMENT AND A BOND
PURCHASE AGREEMENT; APPROVING THE OFFICIAL STATEMENT;
ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT; AND
DECLARING AN EFFECTIVE DATE
Lee Ann Dumbauld, Chief Financial Officer gave comments and answered
questions from Council.
Motion was made by Mayor Pro Tern Martin, seconded by Council
Member Jones to pass on first and only reading Ordinance No. 2005-
00068 as recommended by staff. Motion carried: 5 Yeas, 0 Nays.
3:06 P. M. COUNCIL ADJOURNED
There being no further business to come before Council, Mayor
McDougal adjourned the meeting.
Special City Council Meeting
June 10, 2005
Page 522
Read and approved this ^ day of 2006.
/S/ MARC MCDOUGAL
MARC MCDOUGAL, MAYOR
ATTEST:
/s/ Rebecca Garza
Rebecca Garza, City Secretary
522