HomeMy WebLinkAbout14 0417 Council minutes306
The City Council met on April 17, 2014, at the Plainview Convention Center, 2902 W. 4th
Street, Plainview, Texas. The agenda for this meeting was posted in City Hall at 11:00
a.m. on April 14, 2014. Mayor Wendell Dunlap presided. Councilmembers present
were: Charles Stames- District 1, Cathy Waggoner- District 2, David Garcia - District 3, V.
0. — District 4, Susan Blackerby- District 5, Lionel Garcia - District 6 and Eric Hastey-
District 7.
Staff members present were: Greg Ingham -City Manager, Sarianne Beversdorf-
Director of Finance, Jeffrey Snyder - Assistant City Manager, Isauro Gutierrez -
Information Technology Specialist, Rusty Powers -Fire Chief, Mike Gilliland- Director of
Public Works, Dion Guerra - Police Department, Derrick McPherson - Police Department,
and Belinda Hinojosa -City Secretary.
News Media Present: Caleb Hatch, Plainview Radio and Homer Marquez,
Plainview Herald
Guests Present: Beverly McCaskill, Fonty Carthel, Teressa King, and Larry Williams
Mayor Pro Tem Cathy Waggoner led in the Invocation.
Sarianne Beversdorf, Director of Finance presented the Quarterly Investment Report for
the period from January 1, 2014 through March 31, 2014. In demand deposits, the
beginning balance was $20,581,121 and the ending book balance is $20,977,584.
Interest eamed during this period was $9,196.
In the investment portfolio, the beginning balance was $20,632,753 and the ending
book value was $20,646,097. Interest earned during this period was $15,927.
Mayor Dunlap asked for public comment. There was no public comment. Mayor Pro
Tem Waggoner moved to accept the Quarterly Investment Report. The motion was
duly seconded by Councilmember Starnes.
Councilmember Starnes asked if it is prohibited to invest in municipal bonds. They are
returning 8 %. He suggested that staff take a look at that.
Mayor Dunlap asked for a vote on the matter. The motion carried by unanimous vote.
The Council and staff reviewed the agenda for the City Council meeting of April 22,
2014.
There being no further business, Mayor Dunlap adjourned the meeting at 12:32 p.m.
Belinda Hinojosa
City Secretary
City Council Minutes
April 17, 2014 Page 1 of 1