Austin Utility Bond Refunding Effort
- A special meeting was called to consider the advanced refunding of Austin's Utility Revenue Bonds.
- This financial move aimed to potentially refinance existing utility debt, which could save the city money.
- However, the meeting was unable to officially proceed due to a lack of quorum, with only Mayor McClellan in attendance.
- Despite no formal meeting, the Mayor and city staff still held discussions regarding the bond refunding proposal.
Full Transcript
:iTT OF AUSTIN. TEXAI MINUTES OF THE CITY COUNCIL CITY OF AUSTIN, TEXAS Special Called Meeting December 21ยป 1981 1:30 P.M. First Floor Conference Room Municipal Building 124 West Eighth Street The meeting was called to order with Mayor McClellan presiding. Roll Call: Present: Mayor McClellan Absent: Mayor Pro Tern Trevino, Councilmembers Deuser, Duncan, Goodman, Mullen, Urdy Council was scheduled to hold a Special Called Council Meeting of the City Council on December 21, 1981 for the purpose of reviewing the Request for Proposal to be issued in connection with the proposed advanced refunding of the City of Austin's Utility Revenue Bonds. Mayor McClellan was the only one present, so no meeting was held because there was not a quorum, However, discussion was held between the Mayor and members of the staff.