HomeMy WebLinkAbout09 1105 min 350 The City Council met on November 5, 2009, at the Plainview Convention Center, 2902
West 4 Street, Plainview, Texas. The agenda for this meeting was posted in City Hall
at 11:15 a.m. on November 2, 2009. Mayor John C. Anderson presided.
Councilmembers present were: Kelvin Tipton- District 1, Cathy Waggoner- District 2,
Belinda Pena District 3, John N. Bertsch District 4 and Roland Nash District 7.
Councilmembers Ron Trusler- District 5 and Wendell Dunlap- District 6 were absent.
Staff members present were: Greg Ingham -City Manager, Mike Gilliland- Director of
Public Works, Will Mull Police Chief, Dale Simpson -Civil Service Director, Tammy
Adams Accounting Coordinator, Don Burress -Fire Captain, Derrick McPherson Police
Captain, Kyle McCoy -Water Reclamation Superintendent and Belinda Hinojosa -City
Secretary.
Media Present: Hayley Cox, Plainview Daily Herald
Councilmember Belinda Pena led in the Invocation.
The Council granted excused absences to Councilmembers Ron Trusler and Wendell
Dunlap.
Mike Gilliland introduced the new Water Reclamation Superintendent, Kyle McCoy.
Greg Ingham, City Manager presented for consideration Resolution R09 -209, a
Resolution by the City of Plainview, Texas Authorizing Refunding of Canadian River
Municipal Water Authority Contract Revenue Refunding Bonds, Series 1999 (Bureau of
Reclamation Prepayment Project). The Canadian River Municipal Water Authority has
two debt issues from 1999 that it would like to get authorization to consider refinancing
on. This Resolution is to consider refunding the Series 1999 Bureau of Reclamation
which is where we bought the dam and aqueduct from the Bureau of Reclamation. This
is basically the same process that we went through to refinance our City debt. They are
using First Southwest and have set a minimum present value savings of 3
Mayor Anderson asked for public comment. There was no public comment.
Councilmember Tipton moved to approve Resolution R09 -209. The motion was duly
seconded by Councilmember Waggoner and carried by unanimous vote.
Mr. Ingham presented for consideration Resolution R09 -210, a Resolution by the City of
Plainview, Texas Authorizing Refunding of Canadian River Municipal Water Authority
Contract Revenue and Refunding Bonds, Series 1999 (Conjunctive Use Groundwater
Project). He stated this is the 2 "d resolution and this Resolution authorizes the
refinancing of the debt to get a lower rate. This is the Roberts County groundwater
project.
Mayor Anderson asked for public comment. There was no public comment.
Councilmember Pena moved to approve Resolution R09 -210. The motion was duly
seconded by Councilmember Tipton and carried by unanimous vote.
Tammy Adams, Accounting Coordinator presented for consideration the Quarterly
Investment Report for the period from July 1, 2009 through September 30, 2009. The
beginning book value for the portfolio is $16,812,689 and the ending book value is
$16,911,472. Interest earned this period is $91,191. The beginning value for demand
City Council Minutes November 5, 2009 Page 1 of 2
deposits is $12,287,748. The ending book value is $12,184,842. Interest earned for 351
this period is $7,789.
Mayor Anderson asked for public comment. There was no public comment.
Councilmember Nash moved to accept the Report. The motion was duly seconded by
Councilmember Waggoner and carried by unanimous vote.
The Council and staff reviewed the agenda for the City Council meeting of November
10, 2009.
There being no further business, Mayor Anderson adjourned the meeting at 12:44 p.m.
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Belinda Hinojosa
City Secretary
City Council Minutes November 5, 2009 Page 2 of 2