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12-05-16 TC MinPRESENT: ABSENT: MINUTES OF THE TOWN OF WESTLAKE, TEXAS TOWN COUNCIL MEETING December 5, 2016 Mayor Laura Wheat, Councii Members: Alesa Beivedere, Carol �angdon, Rick Rennhack and Wayne Stoltenberg Michael Barrett OTHERS PRESENT: Town Manager Thomas Brymer, Town Secretary Keliy Edwards, Assistant Town Manager Amanda DeGan, Director of Finance Debbie Piper, Fire Chief Richard Whitten, Director of Communications Ginger Awtry, Director of Information Technology �ason Power, Director of Human Resources & Administrative Services Todd Woad, and Director of Parks & Recreation Troy Meyer. Regular Session i. CALL TO ORDER Mayor Wheat called the regular session to order at 5:09 p.m. 2. CONSIDER ALL MATTERS INCIDENT AND RELATED TO THE ISSUANCE AND SALE OF "TOWN OF WESTLAKE, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2016", INCLUDING THE ADOPTION OF ORDINANCE 804, AUTHORIZING THE ISSUANCE OF SUCH CERTIFICATES OF OB�IGATION AND APPROVING ALL OTHER MA7TERS RELATED THERETO. Director Piper, Mr. Tom Lawrence, Lawrence Financial Consulting L.L.C., and Mr. Chris Settle, McCall, Parkhurst & Horton L.L.P., provided an overview of the item. Town Council Minutes 12/5/16 _ _ rage l ar � -, Discussion ensued regarding the impact of Westlake's upgraded to a AAA rating, interest ; rates, evaluating the bid candidates and any additional comments from residents. MOTION: Council Member Langdon made a motion to approve Ordinance 804. Council Member Rennhack seconded the motion. The motion carried by a vote of 4-0. 3. DISCUSSION AIVD CONSIDERATION OF ORDINANCE 805, AMENDING ORDINANCE 800 WHICH AUTHORIZED THE ISSUANCE AND SALE OF "TOWN OF WESTLAKE, TEXAS, GENERAL OB�IGATION REFUNDING BONDS, SERIES 2017". Director Piper and Mr. Lawrence provided an overview of the item. Discussion ensued regarding PV Savings flexibility and locking in the rate. MOTION: Council Member Stoltenberg made a motion to approve Ordinance 805. Council Member Belvedere seconded the motion. The motion carried by a vote of 4-0. � . • There being no further business before the Council, Mayor Wheat asked for a motion to adjourn the meeting. MOTION: Council Member Rennhack made a motion to adjourn the meeting. Council Member Langdon secanded the motion. The motion carried by a vote of 4-0. Mayor Wheat adjourned the meeting at 5:57 p.m. APPROVED BY THE TOWN COUNCIL QN DECEMBER 12, 2016. ATTEST: �'`-�``�,��.z--° . (,f�,�....�` 1Z�`� Kell Edwa` �, Tawn Secretary 1 �'�/1..,��a �-�J11.-�.,.:�`�i �aura Wheat, Mayor Town Council Minutes 12/5/16 Page 2 of 2