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Min CC 07/10/1974 CITY OF CIBOLO CITY COUNCIL MEETING JULY 10, 1974 The special meeting was called to order by Mayor Schlather at 7:00 P. M. with all members present as well as Mr. Tom Anderlitch, financial advisor and Mr. Hugo Ackermann, water works operator. Mr. Anderlitch discussed the proposed bond election issues, explaining the costs, repayment schedules, tac rates, water rates, etc. After much discussion of the City 's requirements, it was determined that it will be necessary to issue $125,000. of bonds for the sewer system, $50,000. for street paving, and $150,000. for water system expansion. In addition, it was agreed to vote on an extra $100,.000 of authorization for water system expansion. A tentative scheduile was proposed as follows: July 18- Pass Ordinance calling election July 25-First Publication Aug. 1- Regular Meeting and Second Publication Aug. 8-Town Meeting Aug. 10-Bond Election The need and cost of considering drainage problems in Cibolo as a part of the proposed improvement program were also discussed with no specific action taken. Cost will be the restraining factor. The need for a pickup for the water dept was discussed. A motion was made by Edward Ling (Fred Niemietz) and passed unanimously to authorize Mayor Schlather to purchase either a pickup owned by Andrew Tolle ($300.) or by Bill Marsh($600.) , price not to exceed $600.00, based on Mr. Ackerman's recommendation of the best buy. A motion was made by Ted Dykes (Edward Ling) and passed unanimously to pay a $69.75 charge by CCMA for assistance in repairing a major water line break. There being no further business, the meeting adjourned at 9:50 P.M. -, � F. S. Sch-lather Mayor Lina N. Ling Cit S retary