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07/24/2023-CC-Minutes-SpecialCITY COUNCIL MEETING MINUTES DULY 24, 2023, 5:30 PM BANGER CITY COUNCIL SPECIAL MEETING HISTORIC CHURCH BUILDING - 403 N 7TH STREET, SANGER, TEXAS CALL THE SPECIAL MEETING TO ORDER AND ESTABLISH A QUORUM Mayor Muir called the special meeting to order at 5:31 p.m. COUNCILMEMBERS PRESENT Mayor Mayor Pro Tem, Place 2 Councilmember, Place 1 Councilmember, Place 3 Councilmember, Place 4 Councilmember, Place 5 Thomas Muir Gary Bilyeu Marissa Barrett Dennis Dillon Allen Chick Victor Gann COUNCILMEMBERS ABSENT None STAFF MEMBERS PRESENT: City Manager John Noblitt, Assistant City Manager Alina Ciocan, City Attorney Hugh Coleman, and Finance Director Clayton Gray. INVOCATION AND PLEDGE Councilmember Dillon gave the Invocation. The Pledge of Allegiance was led by Councilmember Bilyeu. CITIZENS COMMENTS no Falls, 4489 McReynolds, spoke regarding his history in the city and against the purchase of the property. City Council Minutes 07-24-2023 Page 1 of 3 ACTION ITEMS 1. Consideration and possible action of Ordinance 07-13-23, authorizing and ordering the issuance of City of Sanger Texas Certificates of Obligation, Series 2023B; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof and making other provisions regarding such certificates, including use of the proceeds thereof; and matters incident thereto. Director Gray provided an overview of the item and introduced Ted Christensen. Mr. Christensen provided additional information on the bond transaction and the City's debt reserve. Discussion ensued regarding the language in the bonds, the intended use for the proceeds, the City's AA+ bond rating, and the impacts on future projects. City Manager Noblitt provided an overview of the future impact of projects, including the SUMP program, Marion Road, and Belz Road. Additional discussion ensued regarding the current street rehabilitation projects, improvements needed for future electric infrastructure, and the impacts of not approving the transaction. Motion to approve made by Councilmember Barrett, Seconded by Councilmember Dillon. Voting Yea: Councilmember Bilyeu, Councilmember Chick, and Councilmember Gann. Voting Nay: None Motion passed unanimously. 2. Consideration and possible action of Ordinance 07-14-23, authorizing and ordering the issuance %J City of Sanger Texas Certificates of Obligation, Taxable Series 2023C; prescribing the terms and form thereof; providing for the payment of the principal thereof and interest thereon; awarding the sale thereof; and making other provisions regarding such certificates, including use of the proceeds thereof; and matters incident thereto. No additional discussion. Motion to Barrett, made by Councilmember Barrett, Seconded by Councilmember Dillon. Voting Yea: Councilmember Bilyeu, Councilmember Chick, and Councilmember Gann. Voting Nay: None Motion passed unanimously. City Council Minutes 07-24-2023 Page 2 of 3 ADJOURN There being no further business, Mayor Muir adjourned the meeting at 6:30 p.m. Alina Ciocan, Assistant City Manager 4c:;v � Thomas E. Muir, Mayor City Council Minutes 07-24-2023 Page 3 of 3