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Council of the City of Taylor met on July 21, 2005, at City Hall, 400 Porter
St., Taylor, Texas. Mayor Don Hill
declared a quorum and called the meeting to order at 6:00 p.m. with the
Council Member Bernabe Gonzales
Council Member Ella Jez
REGULAR AGENDA – REVIEW/DISCUSS & CONSIDER/ACTION:
CONSIDER $5.1 MILLION GENERAL OBLIGATION
BOND, PRELIMINARY OFFICIAL STATEMENT AND RECEIVE UPDATE ON GENERAL OBLIGATION
(GO) BOND SALE FROM FIRST SOUTHWEST COMPANY.
Frank Salvato, City
Manager, reminded Council that this item was removed from the first meeting’s
agenda and rescheduled for this council meeting to due to an error in the
posting language. The word “million”
was inadvertently left off after the $5.1 and staff was advised that it would
be best to repost the item with the correct wording.
Ms. Jennifer Douglas with First Southwest presented an overview of the Bonds
being considered and reviewed the Preliminary Official Statement with Council
members and city staff. Comments were
made, questions asked, and changes made as needed. If Council approves this agenda item, Ms. Douglas will return at
the next meeting to present the actual sale of the bonds. Mayor Pro Tem McDonald made a motion to
approve the Preliminary Official Statement with corrections as noted and
Council member Hortenstine seconded the motion. VOTE: Five voted
AYE. Motion passed.
2005/2006 BUDGET WORKSHOP
Mr. Salvato presented an extensive overview of how this budget process is
progressing and what materials council members have received to date. Council members presented questions and
concerns to Mr. Salvato throughout the evening and staff responded to specific
areas of interest as needed. The
seconded workshop is scheduled for July 28 and will continue in more detail
with revenue funds.
With no further business, the council meeting was adjourned at 11:15
Susan Brock, City Clerk