1984-08-22 Public Hearing - Laserfiche WebLink

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• • • MINUTES OF THE PUBLIC HEARING ON ISSUANCE OF INDUSTRIAL REVENUE BONDS FOR • PROCESS PRODUCTS, INC. AND CONTECH ENGINEERING, INC. 1. The hearing wa Members of the Councilpersons Deotis Gay, B. Members of the Westergren AUGUST 22, 1984 s called to order by Mayor Cline at 8:30 P.M. City Council Present: Mayor Virginia Cline, Norman Malone, Ed Matuszak, Lindsay Pfeiffer, Don Skelton City Council Absent: Councilperson Linda 2. Mayor Cline read the emergency addendum and certification. 3. City Attorney Askins explained the reason for the new hearings. There has been a change in the Texas Economic Development Com- mission staff. The former staff worked with the simplified version of the forms submitted by the bond attorney; the new staff took exception to some of the technical matters in the loan agreement. By the time the bond attorney, Bob Casey, had worked things out to the new staff's satisfaction, the time had. gone beyond the 60 .day limit. Therefore, the hearing on the issuance of the bonds and the passing of the resolu- tion must be redone and resubmitted to Austin. Mr. Askins emphasized that the resolutions to be presented to Council are the same as the ones passed previously by Council, but that a new public hearing is necessary and passage of the resolutions be reaccomplished. 4. Mayor Cline asked if there was public input in favor of the issuance of the industrial revenue bonds. Councilpersons Skelton and Gay spoke in favor of the issuance. 5. Mayor Cline asked if there was input from the public in op- position to the issuance of the industrial revenue bonds. There was none. Mayor Cline declared the public hearing closed. • 6. Motion was made by Councilperson Skelton to approve the~reso- lution approving issuance of industrial revenue hnnAc ;n thA