Min CC 02/07/2006 - Special CITY COUNCIL SPECIAL MEETING
CIBOLO MUNICIPAL BUILDING
200 S.Main
February 7,2006
7:00 P.M.
Minutes
1. Call to Order—Mayor Sutton called the meeting to order at 7:00 P.M.
2. Roll Call
Councilwoman Hartman was absent
Councilman Kelly
Councilman Ramcharan was absent
Councilman Troncoso
Councilman Campbell
3. Invocation
The invocation was given by Councilman Campbell.
4. Pledge of Allegiance
The pledge was led by Councilman Kelly
Councilwoman Hartman arrived at 7:03 P.M.
5. Citizens to be Heard
This is the opportunity for visitors and guests to address the City Council on any issue. City Council may not discuss
any non-agenda issue,nor may any action be taken on any non-agenda issue at this time. (Attorney General Opinion
—JC-0169) (Limit of three minutes each)
7. Discussion/Action(General)
A. Consideration ?nd approval of an ordinance by the City Council of the City of Cibolo,Texas authorizing the
issuance of"City of Cibolo,Texas Utility System Revenue Bonds, Series 2006";providing for the payment of
the principal of and interest on the bonds by a prior and first lien on and pledge of the net revenues of the City's
natural gas system on a parity with certain currently outstanding obligations;providing the terms and conditions
of such bonds and resolving other matters incident and relating to the issuance,payment, security, sale,and
delivery of such bonds, including the approval and distribution of an official statement;authorizing the
-xecuticn of;i paying agent/registr:-agreement and n purchase contract;.complying with the letter of
representations with the Depository Trust Company; and providing an effective date.
After a brief presentation to Council by Mark McLiney, Southwest Securities,Inc.on the Revenue Bonds
Councilman Campbell made the motion to approve the ordinance authorizing the issuance of City of Cibolo,
Texas Utility System Revenue Bonds, Series 2006";providing for the payment of the principal of and interest on
the bonds by a prior and first lien on and pledge of the net revenues of the City's natural gas system on a parity
with certain currently outstanding obligations;providing the terms and conditions of such bonds and resolving
other matters incident and relating to the issuance,payment, security, sale,and delivery of such bonds,including
the approval and distribution of an official statement;authorizing the execution of a paying agent/registrar
agreement and a purchase contract; complying with the letter of representations with the Depository Trust
Company; and providing an effective date. The motion was seconded by Councilman Troncoso. For: All,
Against: None. Motion passed 4 to 0
B. Consideration and approval of an ordinance by the City Council of the City of Cibolo,Texas authorizing the
issuance of"City of Cibolo,Texas Tax Notes, Series 2006", levying an annual ad valorem tax,within the
limitations prescribed by law,for the payment of the notes;prescribing the form,terms,conditions, and
resolving other matters incident and related to the issuance, sale, and delivery of the notes;authorizing the
execution of a paying agent/registrar agreement and a purchase and investment letter; complying with the
requirements of the Letter of Representations with the Depository Trust Company; and providing an effective
date.
After a brief discussion Councilman Troncoso moved to approve an ordinance by the City Council of the City of
Cibolo,Texas authorizing the issuance of"City of Cibolo,Texas Tax Notes, Series 2006", levying an annual ad
valorem tax,within the limitations prescribed by law,for the payment of the notes;prescribing the form,terms,
conditions,and resolving other matters incident and related to the issuance, sale,and delivery of the notes;
authorizing the execution of a paying agent/registrar agreement and a purchase and investment letter;complying
with the requirements of the Letter of Representations with the Depository Trust Company; and providing an
effective date. Motion was seconded by Councilman Campbell. For: All,Against: None. Motion passed 4
to 0.
6. Adjournment
Councilman Kelly moved to adjourn the meeting at 7:20 P.M., seconded by Councilman Troncoso. For: All,
Against: None.
PASSED AND APPROVED THIS 14TH DAY OF FEBRUARY 2006.
/ayory
ATTEST:
Peggy Cimics
City Secretary