02/07/2022-CC-Minutes-Work Session*TEXAS
MINUTES
CITY COUNCIL WORK SESSION
MONDAY, FEBRUARY 7, 2022
6:00 PM
HISTORIC CHURCH BUILDING
403 N 7TH STREET SANGER, TEXAS
COUNCIL MEMBERS PRESENT:
Mayor Thomas Muir and Councilmember Gary Bilyeu, Councilmembers: Marissa
Barrett, Dennis Dillon, and Victor Gann.
COUNCIL MEMBERS ABSENT:
Allen Chick
STAFF MEMBERS PRESENT:
City Manager John Noblitt, Assistant City Manager Alina Ciocan, City Secretary Kelly
Edwards, Finance Director Clayton Gray, Director of Development Ramie
Hammonds, Chief of Police Waylan Rhodes, and Marketing and Civic Engagement
Director Donna Green.
1. Call Meeting to Order
Mayor Muir called the work session to order at 6:07 p.m.
2. MUNICIPAL FUNDING
A presentation fi-om Ted Christensen of Government Capital Securities Corporation
regarding the process of issuing municipal debt.
Mr. Christensen provided a presentation and overview of the various types of debts the
city could issue.
Discussion ensued regarding the uses and requirements for General Obligations Bonds,
Certificates of Obligation, Limited Tax Note, Revenue Bonds, and debt issued for Public
Improvement Districts.
3. Overview of Items on the Regular Agenda
No additional discussion.
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4. Adjourn
Mayor Muir adjourned the work session at 7:00 p.m.
Thomas Muir, Mayor
KellEdwaYds, City Secretary
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