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comprises 0.037 acres of land out of Survey 146, W. C. Francis, and is designated as Parcel
~' I
No. 3 of said right of way; and it appearing to the Court that an agreed amount of compensation
t
has been arrived at, it is ordered on motion by Commissioner Holland, seconded by Commissioner] r
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
final title approval, a voucher shall be drawn in the amount of $3,382.00 on the Loop 534
Right of Way Fund payable to Robert L. Welty and wife, Pearl E. Welty, and provided, however, ,
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, secondedl'
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,
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 INDUSTRIAL:
DEVELOPMENT CORPORATION AND SAVAGE FIBERGLASS PIPE, INC.
WHEREAS, Kerr County (the "Unit"), a political subdivision, has approved and authorized
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-.
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
I
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
or manufacturing "project," as defined in the Act, and to sell or lease the project or to loan
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
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
91
_.~~ _ _ rv. ___w._ _ _-_ _.. _.. _ _
be leased or sold to the User; and
WHEREAS, the Act requires that the Commissioners Court (the "Governing Body") of the
Unit approves by written resolution any agreement to issue bonds adopted by the Corporation,
which agreement and resolution shall set out the amount and purpose of the bonds; and
WHEREAS, the Governing Body has reviewed the form and substance of the proposed Agreement'
to Issue Bonds between the Corporation and the User and intends, by adoption of this written
Resolution, to approve said Agreement to Issue Bonds in accordance with the Act; NOW, THERE-
FORE,
BE IT RESOLVED BY THE COMMISSIONERS COURT OF KERR COUNTY THAT:
y
Section 1: The Agreement to Issue Bonds, in the form attached hereto, proposed to be
entered into by and between the Corporation and the User, pursuant to which the Corporation
agrees, subject to the conditions stated therein, to authorize and issue its 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 the acquisition and construction of the industrial or manufacturing
facility described in Exhibit "A" to said Agreement to Issue Bonds, is hereby approved in
accordance with Section 25 (f) of the Act.
Section 2: This Resolution is adopted for the purpose of satisfying the conditions and
requirements of the Act and Section 103 of the Internal Revenue Code of 1954, as amended, and
the regulations promulgated thereunder and for the benefit of the Corporation, the Unit, the
owners or holders from time to time of the obligations of the Corporation and all other
interested persons.
Section 3: The Governing Body has considered evidence of the posting of notice of this
meeting and officially finds, determines, recites and declares that a sufficient written notic~l
of the date, hour and place of this meeting and of the subject of this Resolution was posted
on a bulletin board at a place convenient to the public in the County Courthouse of the Unit,
for at least 72 hours preceding the scheduled time of such meeting; such place of posting was
readily accessible to the general public at all times from such time of posting until the
scheduled time of such meeting; and such meeting was open to the public as required by law at
all times during which the Resolution and the subject matter thereof were discussed, considered
and formally acted upon, all as required by the Open. Meetings Law, Article 6252-17, Vernon's
annotated Texas Civil Statutes, as amended.
PASSED AND APPROVED this 12 day of October, 1981 on motion made by Commissioner Holland, i
seconded by Commissioner Lich and by the following vote:
AYE: Julius R. Neunhoffer,
Fred Holland
Frank L. Speakmon
Victor Lich
Billy Joe Guthrie, Jr
N0: None
County Judge
Commissioner Prec. No. 1
Commissioner Prec. No. 2
Commissioner Prec. No. 3
Commissioner Prec. No. 4
I ABSTAINING: None
_2_ (Certifica e of R@ olut'on, Resolution rescribing form & substance of agreement & Agreement to
i Issue Bons on Ri~e - ~ut not recorded
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COURT RECESSED AT 1:50 o'clock P. M., October 12th, 1981 until 5:05 o'clock P. M.
October 13th, 1981.
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