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Houston council approves contract with McLiney And Company to pursue quadplex bonding
Summary
At a special Aug. 13 meeting the Houston City Council voted 6-0 to contract with McLiney And Company to explore bonding options to finance a proposed quadplex for parks and recreation; the firm presented lease-purchase and general-obligation bond options. The council then moved to executive session and later adjourned.
The Houston City Council on Aug. 13 approved a contract with McLiney And Company to pursue potential bonding to finance a proposed quadplex for parks and recreation, voting 6-0 during a special meeting at city hall.
Edward McLiney, senior managing director with McLiney And Company, presented advice and financial resources for parks and recreation options and delivered an agreement for the council's review. After the presentation Alderman Don Romines moved and Alderwoman Sheila Walker seconded a motion "to enter into a contract with McLiney And Company with the presented agreement for potential bonding on a quadplex." The motion carried with six yes votes.
McLiney told the council the firm could pursue two paths for financing the project: a lease-purchase arrangement or a general obligation bond. The minutes do not specify project cost estimates, repayment schedules or proposed timelines for either option.
Following the contract vote, Alderwoman Sheila Walker moved and Alderwoman Angie Gettys seconded a motion to close the open session at 7:09 p.m. and move into executive session pursuant to Section 610.021 subsections (9) (negotiations), (3) (hiring) and (1) (contracts); that motion also passed on a 6-0 roll call. The council reconvened and later approved a motion to adjourn at 8:37 p.m.
The minutes record the attendance of Mayor Viki Narancich; Aldermen Sam Kelley, Tim Ceplina, Don Romines and Fred Stottlemyre; and Alderwomen Angie Gettys and Sheila Walker. City Administrator Lloyd Wells and Deputy City Clerk Sarah Moore were listed as present. The record shows the agreement with McLiney And Company was presented to council members for review but does not include the agreement text or financial specifics.
Next steps or any staff assignments to implement the contract, timelines for financing work, or public-notice plans were not specified in the minutes. The council moved to an executive session covering negotiations, hiring and contracts after the vote, and the meeting was adjourned at 8:37 p.m.
Votes at a glance: Contract with McLiney And Company to pursue potential quadplex bonding ' Approved, mover: Alderman Don Romines; second: Alderwoman Sheila Walker; vote: 6-0. Motion to move into executive session pursuant to Section 610.021 subsections (9), (3) and (1) ' Approved, mover: Alderwoman Sheila Walker; second: Alderwoman Angie Gettys; vote: 6-0. Motion to adjourn at 8:37 p.m. ' Approved, mover: Alderman Don Romines; second: Alderwoman Angie Gettys; vote: 6-0.
