HomeMy WebLinkAbout10 0506 min The City Council met on May 6, 2010, at the Plainview Convention Center, 2902 West 397
4 Street, Plainview, Texas. The agenda for this meeting was posted in City Hall at
11:00 a.m. on May 3, 2010. 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, Ron Trusler- District 5, Wendell Dunlap- District 6 and
Roland Nash District 7.
Staff members present were: Greg Ingham -City Manager, Leslie Pearce -City
Attorney, Rusty Powers -Fire Chief, Dale Simpson- Director of Civil Service, Mike
Gilliland- Director of Public Works, Tammy Adams -Co- Interim Director of Finance,
Vanessa Rincon -Co- Interim Director of Finance and Belinda Hinojosa -City Secretary.
Media Present: Hayley Cox, Plainview Daily Herald and Tommy Young, Plainview
News Radio
Guests Present: Councilmembers Elect Charles N. Starnes, David G. Garcia and
Virginio "V.O." Ortega
Councilmember Bertsch led in the Invocation.
Tammy Adams, Co- Interim Budget Manager presented the Quarterly Investment Report
for the period from January 1, 2010 through March 31, 2010. The beginning book value
in investments is $16,902,142 and the ending book value is $16,855,655. Interest
earned this period is $76,994.
The beginning book value in demand deposits was $11,971,121 and the ending book
value is $13,498,875. Interest earned this period was $8,468.
The collateral held by third party bank at the end of the reporting period was at book
value of $32,662,764 with a market value of $34,560.517.
Mayor Anderson asked for public comment. There was no public comment.
Councilmember Trusler 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 May 11,
2010.
There being no further business, Mayor Anderson adjourned the meeting at 12:05 p.m.
Belinda Hinojosa
City Secretary
City Council Minutes May 6, 2010 Page 1 of 1