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C <br />• <br />MINUTES - SPECIAL MEETING <br />of the <br />LA PORTS CITY COhMISS/ON, LA FORTE, TEXAS <br />September 2, 9965 <br />MEMBERS OF THE COMMISSION PRESENT: Mayor H. P. Pfeiffer, <br />Commissioners Russell Shepherd, Tom Osburn, Lois <br />Compton, and W. A. Stabs, Jr. <br />MEMBERS OF THE COA~IISSION ABSENT: None <br />OTHER CITY OFF/C/ALS PRESENT: City Engineer H. Carlos Smith, <br />Ctty Attorney Knox Askins, and City Clerk Marilyn <br />Kelley. <br />PRESIDING: Mayor Pfeiffer <br />+ + + <br />9. Ernest L. Brown, Jr. informed the Commission that <br />the Airport Revenue is not sufficient to carry the <br />Airport Revenue Bonds. Mr. Brown suggested one of <br />two things, that a Bond election be called to issue <br />Tax Bonds or the warrants be issued. After much <br />discussion the Commission agreed to schedule a meeting <br />with the two Airport tenants to discuss the possibility <br />of additional revenues. <br />+ + + <br />2. Commissioner Shepherd stated that Mr. and Mrs. B. L. <br />Fry, 993 South 3rd have four lots adjacent to the <br />city Public Works grounds for sale. Commissioner <br />Shepherd was instructed to find out what terms may <br />be worked out to finance the .x`2,500 over a four <br />year period. <br />+ + + <br />3. Commissioner Shepherd reported that the Airport Sign <br />would have 90' Zetters and would cost X500. The City <br />and Al Wadsworth sharing equally in the cost. Commis- <br />sioner Shepherd made a motion, seconded by Commissioner <br />Stabs that the City participate in the cost of said sign. <br />Motton carried. <br />+ + + <br />4. A motion was made by Commissioner Compton, seconded <br />by Commissioner Shepherd and carried that Resolution <br />No. 42 be passed on first and final reading. <br />+ + + <br />