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The Plainview City Council met on August 7, 2008 at 7:00 p.m. in the City Council
Chambers of the Plainview City Hall at 901 Broadway. The agenda for this meeting
was posted in City Hall at 10:00 a.m. on August 4, 2008. Mayor John C. Anderson
presided. Councilmembers present were: Kelvin Tipton-District 1, Cathy Waggoner-
District 2, John N. Bertsch-District 4, Wendell Dunlap-District 6 and Roland Nash-
District 7. Councilmembers Belinda Pena-District 3 and Ron Truster-District 5 were
absent.
Staff members present were: Greg Ingham-City Manager, Leslie Pearce-City Attorney,
John Castro-Director of Community Services, Jack Keller-Budget Manager, Kelli
Shurbet-Nursing Supervisor, Will Mull-Police Chief, Dale Simpson-Director of Civil
Service and Belinda Hinojosa-City Secretary.
News Media Representative: Tommy Young-Plainview Daily Herald
Guests Present: Dwain McGuire and David Wilder
Jack Keller, Budget Manager presented the Quarterly Investment Report for the
period from April 1, 2008 through June 30, 2008. The beginning book value of
investments was $11,438,423 and the ending book value was $11,501,750. Interested
earned this period was $103,678. He listed the money invested in the following
certificates of deposit:
1. interest rate 4.15% maturing 12/11/08 - $3,175,000
2. interest rate 4.07% maturing 1/16/09 - $2,500,000
3. interest rate 2.90% maturing 2/28/09 - $2,500,000
4. interest rate 2.81 % maturing 6/11/09 - $3,175,000
The beginning book value of demand deposits as of June 30, 2008 was $13,917,151
and the ending book value was $14,359,940. Interest earned during this period was
$74,083.
Mayor Anderson asked for public comment. There was no public comment.
Councilmember Dunlap moved to approve the Quarterly Investment Report. The
motion was duly seconded by Councilmember Nash and carried by unanimous vote.
The Council and staff reviewed the agenda for the City Council meeting of August 12,
2008.
Ther being no further business, Mayor Anderson adjourned the meeting at 1:39 p.m.
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Belinda Hinojosa
City Secretary
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City Council Minutes August 7, 2008 Page 1 of 1