Item 4ACITY OF
SOUTHLAKE
TEXAS ITEM 4A
SPECIAL CITY COUNCIL MEETING MINUTES AUGUST 11, 2021
LOCATION: 1400 Main Street, Southlake, Texas 76092
Council Chambers in Town Hall
CITY COUNCIL PRESENT: Mayor John Huffman, Mayor Pro Tern Chad Patton, Deputy
Mayor Pro Tern Randy Williamson and Councilmembers Kathy Talley, and Randy
Robbins.
CITY COUNCIL ABSENT: Councilmembers Ronell Smith and Amy Torres-Lepp.
STAFF PRESENT: Assistant City Manager Alison Ortowski, Deputy Director of Public
Relations Pilar Schank, Chief Financial Officer Sharen Jackson and City Secretary Amy
Shelley.
1. CALL TO ORDER
2. APPROVE RESOLUTION NO. 21-031, ORDERING A CITY BOND ELECTION
TO BE HELD ON NOVEMBER 2, 2021 FOR THE ISSUANCE OF A GENERAL
OBLIGATION BOND.
APPROVED
City Manager Shana Yelverton presented Item 2 and answered questions from Council.
Although not a public hearing, Mayor Huffman invited anyone who wished to speak on
this item, to come forward. There were no speakers.
Motion was made to approve Item 2, Resolution No. 21-031, ordering a City Bond Election
to be held on November 2, 2021 for the issuance of a General Obligation Bond, and noting
the following:
The Election shall be held in the CITY OF SOUTHLAKE, TEXAS on the 2nd day of
November 2021 (Election Day), which is a uniform election date under the Texas Election
Code, as amended, and is not less than 78 days nor more than 90 days from the date of
the adoption of this resolution, for the purpose of submitting the following measure to the
qualified voters of the City:
PROPOSITION A
"Shall the City Council of the City of Southlake, Texas be
authorized to issue and sell one or more series of general
obligation bonds of the City in the aggregate principal amount
of not more than $50,000,000 for the purpose of designing,
SPECIAL CITY COUNCIL MEETING MINUTES, AUGUST 11, 2021
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acquiring, constructing, renovating, improving, and equipping
the City parks (including passive parks and open space
improvements), and acquiring lands, interests in lands, and
rights -of -way necessary thereto, such bonds to mature
serially or otherwise (not more than 40 years from their date)
in accordance with law; and any issue or series of said bonds
to bear interest at such rate or rates (fixed, floating, variable
or otherwise) as may be determined within the discretion of
the City Council, provided that such rate of interest shall not
exceed the maximum rate per annum authorized by law at the
time of the issuance of any issue or series of said bonds; and
shall the City Council of the City be authorized to levy and
pledge, and cause to be assessed and collected, annual ad
valorem taxes, within the limitations prescribed by law, on all
taxable property in said City sufficient to pay the annual
interest and provide a sinking fund to pay the bonds at
maturity and the cost of any credit agreements executed in
connection with the bonds?"
The official ballot shall be prepared in accordance with the Texas Election Code, as
amended, so as to permit voters to vote "FOR" or "AGAINST" the aforesaid measures
which shall appear on the ballot substantially as follows:
PROPOSITION A
"THE ISSUANCE OF NOT TO EXCEED $50,000,000 OF
CITY OF SOUTHLAKE, TEXAS GENERAL OBLIGATION
BONDS FOR PARK (INCLUDING OPEN SPACE AND
PASSIVE PARKS) IMPROVEMENTS, AND THE
IMPOSITION OF A TAX SUFFICIENT TO PAY THE
PRINCIPAL OF AND INTEREST ON THE BONDS"
Early voting begins on Monday, October 18, 2021, and ends on Friday,
October 29, 2021.
Election Day is Tuesday, November 2, 2021.
Election Day Polling Locations are open from 7 a.m. to 7 p.m.
Motion:
Patton
Second:
Williamson
Ayes:
Talley, Patton, Huffman, Williamson
Nays:
Robbins
Absent:
Smith and Torres-Lepp
Approved:
4-1
In accordance with Section 4.21 of the City Charter, the caption for this item is listed as
follows:
RESOLUTION NO. 21-031
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A RESOLUTION CALLING A BOND ELECTION TO BE HELD IN THE CITY OF
SOUTHLAKE, TEXAS; MAKING PROVISION FOR THE CONDUCT OF AN ELECTION;
AND RESOLVING OTHER MATTERS INCIDENT AND RELATED TO SUCH ELECTION
3. SPECIAL MEETING ADJOURNED
Mayor Huffman adjourned the meeting at 5:17pm.
*An audio recording of this meeting will be permanently retained in the City Secretary's
Office.
MINUTES APPROVED ON THIS, THE 17T" DAY OF AUGUST 2021.
John Huffman
Mayor
ATTEST:
Amy Shelley, TRMC
City Secretary
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