The City of Magnolia took another step towards annexing two properties near Magnolia West High School during a recent city council meeting Nov. 12.
The city held two public hearings needed to annex the properties on FM 1774, which city officials said will help clean up the city's boundaries in that area. The city already provides water and sewer to the properties.
The properties are located just south of Magnolia West High School along FM 1774.
In other business the council voted to reissue some of the city's general obligation bonds – loans received by the city for capital improvement projects – in order to secure a better interest rate. City Secretary Lynne George said the city could end up saving some serious money.
"We possibly could save around a million dollars," she said.
George went on to say that it depends on several factors, the main one being what interest rates are offered once the bonds are sold.
The council also approved several large expenditures including $10,000 from the city's general fund to put on the 2014 4th of July show at Unity Park.
The city also approved a proposal to authorize a contract to spend $15,000 of hotel occupancy tax dollars with the Magnolia Community Foundation in support of the 2014 Magnolia Lovebug Festival. The city also approved an expenditure of $1,000 in support of the Vietnam Traveling Memorial Wall, which drew more than 10,000 visitors over the Veterans Day weekend.