08-19-1993 (City Council) Minutes MINUTES OF THE WYLIE CITY COUNCIL
SPECIAL MEETING
August 19, 1993
5 CALL TO ORDER
Mayor Pro Tern Jim Swartz called the meeting to order with the following
Councilmembers present: Ortie Messenger, Steve Wright, and Bud Naish. Mayor John
W. Akin, Reta Allen, and John Mondy were absent.
10
ORDINANCE 93-40 AUTHORIZING THE ISSUANCE OF"CITY OF WYLIE,TEXAS,TAX
AND WATERWORKS AND SEWER SYSTEM SURPLUS REVENUE REFUNDING
BONDS, SERIES 1993"
15 The City Council considered approval of an ordinance refinancing existing debt
at, according to City Manager Steve Norwood, an estimated annual savings of$30,000.
Naish made a motion to approve the ordinance. Messenger seconded the motion.
Upon the reading of the ordinance caption, the motion was voted on and passed
unanimously.
20
AN ORDINANCE AUTHORIZING THE ISSUANCE OF 'CITY OF WYLIE, TEXAS, TAX AND
WATERWORKS AND SEWER SYSTEM SURPLUS REVENUE REFUNDING BONDS, SERIES
1993'; SPECIFYING THE TERMS AND FEATURES OF SAID BONDS; PROVIDING FOR THE
PAYMENT OF SAID BONDS BY THE LEVY OF AN AD VALOREM TAX UPON ALL TAXABLE
25 PROPERTY WITHIN THE CITY AND A PLEDGE OF THE NET REVENUES DERIVED FROM
THE OPERATION OF THE CITY'S WATERWORKS AND SEWER SYSTEM; AND RESOLVING
OTHER MATTERS INCIDENT AND RELATING TO THE ISSUANCE, PAYMENT, SECURITY,
SALE AND DELIVERY OF SAID BONDS, INCLUDING THE APPROVAL AND EXECUTION OF
A PAYING AGENT/REGISTRAR AGREEMENT, A PURCHASE CONTRACT AND A SPECIAL
30 ESCROW AGREEMENT AND THE APPROVAL AND DISTRIBUTION OF AN OFFICIAL
STATEMENT PERTAINING THERETO; AND PROVIDING AN EFFECTIVE DATE
RESOLUTION NO. 93-14 PROVIDING FOR THE REDEMPTION OF CERTAIN
OUTSTANDING OBLIGATIONS AND ESTABLISHING STRUCTURE FOR
35 REFINANCING
Naish made a motion to approve the resolution. Messenger seconded the motion.
The motion was voted on and passed unanimously,
40 JOINT WORKSESSION WITH PLANNING AND ZONING COMMISSION TO REVIEW
DEVELOPMENT OF COMPREHENSIVE PLAN
The Council and Planning and Zoning Commission met in worksession to discuss
with Douglas Cargo of Espey, Huston, & Associates regarding development of a
45 Comprehensive Plan.
1
ADJOURNMENT --*
As there was no further action to be taken by either the Council or the Planning
and Zoning Commission, the meeting adjourned. /
50
P•ROVE
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55 ATTEST I
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