The New Waverly City Council approved a contract for financial advisory services between the city of New Waverly and SAMCO Capital Markets Inc., but tabled taking action on five other items Tuesday night.
The council also accepted a bid from Houston Community Bank for a loan in the amount of $500,000.
“The Southside Bank interest was set at 5.5 percent, locked in for the duration from 2010 to 2025 for a total of in-debt services of $757,125,” New Waverly Mayor Dan Underwood said during Tuesday’s meeting.
“Houston Community Bank is locked through 2017 at 4.7 percent and then in 2018 it goes to 7 percent or whatever the prime is at that time through the duration to 2025 for $751,312.50,” Underwood said.
Also Tuesday nighyt, the council:
• Tabled the minutes from the September 2009 meeting
• Tabled an interlocal agreement
• Tabled Ordinance 2009-09, which would repeal the telecommunication exemption
• Tabled the annexation plan for Highway 150 west and FM 1374 west
• Tabled a budget amendment fro the general fund for the 2009-2010 fiscal year.
• Approved financial reports for September 2009
• Approved Director of Public Works report for September 2009
Local News
New Waverly approves financial contracts
- Local News
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Fresh Face at City Hall
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New Waverly VFD saves house
Emergency responders quickly extinguished a fire before it caused serious damage to a home in southern Walker County on Tuesday afternoon.
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Crawfest back for 7th year
For the past seven years, Walker County residents have been cracking claws for a cause.
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Museum photo contest back
The Sam Houston Memorial Museum has announced it is now accepting entries for its 2012 photo contest.
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Region VI education participants receive certificates
Through the Adult education program, Region VI provides instruction in Adult Basic Education (ABE), Adult Secondary Education (ASE), General Education Development (GED) preparation and English as a Second Language (ESL), to individuals that did not complete high school, desire to increase academic skills, would like to obtain a General Education Development (GED) certificate or who simply desire to become more proficient in speaking English.
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Award for criminal justice legislation
- Sheriff’s Office releases crime map to public
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SHSU graduates join Army as officers
Fifteen ROTC cadets at Sam Houston State University, including 12 criminal justice majors, were officially commissioned as officers in the U.S. Army during a ceremony last week.
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STAFS donors remembered
The Southeast Texas Applied Forensic Science Facility honored 27 individuals, including six veterans and a cancer victim whose final weeks were documented in a KTRK news story, for donating their bodies for research at the facility during the 2011-2012 academic year.
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SHSU honors staff
Four Sam Houston State University employees who have demonstrated excellence in service, commitment, meritorious performance and a high level of motivation have been selected as recipients of the 2012 Staff Excellence Award.
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