HomeMy WebLinkAbout07 0719 min1
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The City Council met on July 19, 2007, at the Plainview Convention Center, 2902 West
4'h Street, Plainview, Texas. The agenda for this meeting was posted in City Hall at
11:15 a.m. on July 16, 2007. Mayor Pro Tem Kelvin Tipton presided. Councilmembers
present were: Cathy Waggoner-District 2, Belinda Pena-District 3, Wendell Dunlap-
District 6 grid Roland Nash-District 7. Mayor John C. Anderson, Councilmembers John
N. Bertsch-District 4 and Ron Trusler-District 5 were absent.
Staff members present were: Greg Ingham-City Manager, John Castro-Director of
Community Sen,~ices, Gary Glass-Fire Chief, Leslie Pearce-City Attorney, Jack Keller-
Budget Manager, Will Mull-Police Chief, Dale Simpson-Civil Service Director and
Belinda Hinojosa-City Secretary.
News Media Re~aresentative: Richard Orr-Plainview Daily Herald
John Castro delivered the invocation.
Mayor John C. Anderson, Councilmembers John N. Bertsch and Ron Trusler were
granted excused absences.
The Council and staff reviewed the agenda for the City Council meeting of July 24,
2007.
Jack Keller, Budget Manager presented the Quarterly Investment Report for the
period from April 1, 2007 through June 30, 2007. The beginning book value is
$23,505,62: and the ending book value is $23,477,777. Interested earned for this
period is $308,621. At the end of the reporting period, the City's funds were invested in
collateralized demand deposits at 5.25%. He stated this rate is still competitive with
TexPool. The market value of pledged collateral is $25,576,679.
Greg Ingharn, City Manager presented a draft calendar for 2007-2008 budget related
items. The City Council will hold its budget work sessions on August 9, 2007 and if
needed on August 10, 2007. He stated he is still looking at the budget. There is a slight
increase in sales tax and some of our franchise ordinances are up for renewal.
There being no f~.irther business, Mayor Pro Tem Tipton adjourned the meeting at 12:00
noon.
/r
Belinda Hinojosa
City Secretary (J
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amity council Minutes July 19, 2007 Page 1 of 1