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comprises 0.037 acres of land out of Survey 146, W. C. Francis, and is designated as Parcel
No. 3 of said right of_ way; and it appearing to the Court that an agreed amount of compensatiol
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' has been arrived at, it is ordered on motion by Commissioner Holland, seconded by Commissioners
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Speakmon, and unanimously approved by the Court that Kerr County offer to pay Robert L. Welty '
and wife, Pearl E. Welty, the sum of $3,382.00 as compensation for land and damages for their ~
conveyance to the State of Texas of Parcel No. 3 as aforesaid, subject to the execution and
delivery of their right of way deed; and it is further ordered that on approval for filing by
the State Department of Highways and Transportation of the aforesaid right of way deed and on ~~
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final title approval, a voucher shall be drawn in the amount of $3,382.00 on the Loop 534
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Right of Way Fund payable to Robert L. Welty and wife, Pearl E. Welty, and provided, however,,
it
in the event there remain unpaid ad valorem taxes levied against the portion of W. C. Francis '',
Survey No. 146 owned by Robert L. Welty and Pearl E. Welty, including 1981 ad valorem taxes,
Kerr County reserves the right to deduct the amount of such unpaid taxes and penalty and
interest, if any, from the total compensation hereby offered and to pay the same to the taxing,'
agencies concerned. '-'
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N0. 14486 MINUTES READ AND APPROVED '
On this the 12th day of October 1981, upon motion made by Commissioner Speakmon, seconded
by Commissioner Lich, the Court unanimously approved the Minutes of Commissioners' Court of
Kerr County, Texas, from pages 75 thru 85, Volume P.
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N0. 14487 APPROVAL OF INCREASE IN TRAVEL ALLOWANCE FOR THE JUSTICE OF THE PEACE, PREC. N0. 2 ',
AND THE JUSTICE OF THE PEACE, PREC. N0. 4
On this the 12th day of October 1981, upon motion made by Commissioner Guthrie, seconded
by Commissioner Speakmon, the Court unanimously approved an increase in the travel allowance ~~
for the Justice of the Peace, Precinct No. 2 and the Justice of the Peace, Precinct No. 4, '
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from $1200.00 per annum to $1500.00 per annum, effective October 1st, 1981.
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N0. 14488 RESOLUTION APPROVING AGREEMENT TO ISSUE BONDS BY AND BETWEEN KERB COUNTY INDUSTRIALI
DEVELOPMENT CORPORATION AND SAVAGE FIBERGLASS PIPE, INC. '
WHEREAS Kerr Count the "Unit" p pproved and authorized '
y ( ), a olitical subdivision has a
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the creation of the Kerr County Industrial Development Corporation (the "Corporation") as a '
Texas nonprofit industrial development corporation, pursuant to the provisions of the Develop-',
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ment Corporation Act of 1979, Article 5190.6, Vernon's Annotated Texas Civil Statutes (the '
"Act"), to act on behalf of the Unit to promote and develop commercial, industrial and manu- '
facturing enterprises to promote and encourage employment and the public welfare; and
WHEREAS, the Corporation is authorized by the Act to issue industrial development revenue''
bonds on behalf of the Unit for the purpose of paying all or part of the cost of an industrial's
or manufacturing "project," as defined in the Act, and to sell or lease the project or to loanll
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the proceeds of the bonds to finance all or part of the costs of the project; and
WHEREAS, the Corporation now proposes to enter into an Agreement to Issue Bonds with
Savage Fiberglass Pipe, Inc. (the "User"), pursuant to which the Corporation agrees, subject
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to certain conditions, to issue its tax exempt industrial development revenue bonds in the
aggregate principal amount (excluding bonds issued to refund any of the Bonds) now estimated
not to exceed $10,000,000, to provide funds to defray all or part of the cost of acquiring
and constructing certain industrial or manufacturing facilities to be constructed by or to