MINUTES OF PUBLIC HEARING

AND GENERAL BOARD MEETING

 

JULY 10, 2007 – 4:00 P.M.

Wells Fargo Bank       307 N. Esplanade       Cuero, TX 77954

 

Board Members Present:   Chairman - Errol John Dietze, Secretary - Gary Colman, and Director -Bob Davis, Director – Tim Voelkel

 

ALSO IN ATTENDANCE:  GM - Kay Wild, Attorney – Jim Allison, City Manager Corlis Riedesel, and Curtis Wild.

 

  1. CALL TO ORDER:  A quorum present, and all notices properly posted, the Public Hearing was called to order at 4:00 P.M. by Chairman Dietze.  Presentation of the transport permit application and waiver requests from the City of Cuero was presented to the board by the General Manager, Kay Wild.  Discussion of the permit request was held with comments from Attorney-Jim Allison and Corlis Riedesel, City Manager.  With no further discussion, the public hearing was closed at 4:10 P.M.  The general board meeting was then called to order by Chairman Dietze at 4:10 P.M. 

 

  1. APPROVAL OF CITY OF CUERO TRANSPORT PERMIT APPLICATION:  With a motion from Tim Voelkel and a second from Bob Davis to approve the City’s request for transport permit and waiver of all fees, the motion carried unanimously.

 

  1. MINUTES FROM 6/25/07 MEETING:  The minutes from the 6/25/07 meeting were presented in the board packets.  With a motion from Gary Colman to approve the minutes as presented, second from Bob Davis, the motion carried unanimously.

 

  1. FINANCIAL REPORT:  The financial report was provided in the board packets.  With a motion from Bob Davis to approve the financial report as presented, second by Tim Voelkel, the motion carried unanimously

 

  1.  REVIEW AND ADOPT INVESTMENT POLICY:  The sample investment policy provided at the investment training attended by Kay Wild, prepared by Greg Ellis, attorney for TAGD, was reviewed by the board.  Jim Allison suggested that he review the policy and simplify the requirements to better reflect the needs of PVGCD.  The board accepted the sample policy as written with the intent to revise it after council has an opportunity to review it.  With a motion from Tim Voelkel to adopt the sample policy, and approve to Kay Wild as the Investment Officer, second by Gary Colman, the motion carried unanimously.  The board president and board secretary signed the resolution adopting the investment policy.

 

  1. CONSIDER INVESTMENT OPTIONS FROM DE WITT COUNTY BANKS:  The board reviewed interest rates on CDs for investment of the District’s general fund as prepared by the General Manager.  With three (3) votes in favor of the motion and one (1) abstention from Gary Colman, the board approved the motion from Tim Voelkel, second from Bob Davis, to invest $100,000 in a 90 day CD with Yoakum National Bank.  The board asked the General Manager to further investigate investing additional funds in CDs at various other banks in the county, and report that distribution suggestion at the next meeting on 7/17/07 for approval

 

  1. CONSIDER AND MAKE RESOLUTION ON SIGNATURE REQUIREMENTS FOR DEPOSITS AND CHECK WRITING ON GENERAL FUND ACCOUNT AND INVESTMENT ACCOUNTS:  As a result from the investment training, the General Manager expressed the need for the structure of internal control procedures for writing checks and making deposits.  Kay Wild asked that all board members be on the signature card for availability of signatures.  With a motion from Bob Davis and a second by Gary Colman, to allow single signature checks up to $1,000, and any two board member signatures required on all checks above that amount was unanimously passed by the board.

 

  1. MANAGER’S REPORT:  (1) The General Manager reported that a second letter to the City’s clients, who had not responded to the initial letter of 6/11 regarding the need for a transport permit, was sent on June 25th with no reply to date.  A letter was also sent on July 25th to municipalities in the District informing them of PVGCD rules pertaining to the transport of water our of the District’s boundaries.   (2) A report on the TAGD quarterly meeting was given by the General Manager.  (3) Kay Wild asked the board to begin considering dates and locations for town meetings in order to continue the grandfathered well registration initiative. (4) Twelve (12) new well starts were registered in June, three (3) O/G supply and nine (9) domestic.

 

PUBLIC COMMENT: (Limited to 3 Minutes per person) None present.

 

EXECUTIVE SESSION: (If necessary) (Pursuant to Sec. 551. 071, or Sec 551.074 Govt. Code.)

 

ADJOURNMENT:  The meeting was adjourned at 4:52 P.M. with a motion from Bob Davis, second from Tim Voelkel; the motion carried unanimously.

 

 

                                                                                                                 

Sec/Gary Colman              

Recorded:  Kay Wild/Office Manager/Interim GM