1985-03-12
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CITY OF SOUTHLAKE
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667 North Carroll Avenue
Southlake, Texas.
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SPECIAL CITY COUNCIL MEETING
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March 12,1985
6 p.m.
1.
Consider:
Approval to Ordinance No. 307, authorizing the
issuance of Certificates of Obligation.
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AGENDA
2.
Consider:
Budget revision for Parks Department.
.
I hereby certify that the above agenda was posted on the official
bulletin board at city hall, 667 North Carroll Avenue, Southlake,
Texas, on Friday, March 8,1985 ~,(~ ~
/C ty Secretary
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.AME OF
~OUNCILPERSON
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CITY OF SOUTHLAKE, TEXAS
MINUTES OF
MEETING.
DATE:
TIME:
PLACE:
THE
SPECIAL
CITY COUNCIL
COUNCILPERSONS PRESENT: Mayor; Lloyd
Latta, Mayor Pro Tern; Johnny
Westerho1m. Bruce McCombs, Loyd
Eubanks, Marion Bone.and Davis Bradley
ABSENT: none
INVOCATION: Bruce McCombs
The meeting was called to order at
6 p.m. Mayor Latta explained that
the purpose of the special city
council meeting was to open bids for
the sale of $2,575,000. in a combina-
tion tax and revenue Certificates
of Obligation Bonds, Series 1985.
Chuck Hall of Rauscher, Pierce and
Refsnes Inc. led the public hearing
and bid tabulation. He explained
that we received a rating of BAAl.
There are six companies bidding.
Mayor Latta declared., bids closed
at 6:05 p. m.
During the public hearing, Don Dair
wanted an explanation on the procedure
for selling bonds.
x
x
x
x
x
Motion was made to accept the low
bid from Prudential, Bache and
Securities Inc. Shearson Lehman Bros.
and Amercian Express.
March 12,1985
6:00 p.m.
CITY OF SOUTHLAKE, COUNCIL CHAMBERS
667 NORTH CARROLL AVENUE, SOUTHLAKE
TEXAS.
PAGE:
1
INDEX
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Westerholm
tradley
McCombs
Eubanks
IBone
~terholm
Bradley
IMccombs
Eubanks
Bone
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x
x
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Motion was seconded and approved
unanimously.
ACCEPTING
BIDS FOR
SALE OF
C.OF O.
BONDS
A discussion was held in regards to
apprQval,for Ordinance No. 307. ORDINANCE
Motion was made and approved, adoptin~NO. 307
Ordinance No. 307, which authorizes
the issuance of Certificates of
Obligation.
x
x
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x
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PAGE: 2 INDEX
Mayor Latta ask to defer agenda item
#2 until the next meeting.
The meeting adjou
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