CVLGC 10-25-2018 MinutesMINUTES OF
• • • t •
THE STATE OF
CIBOLO VALLEY LOCAL
GOVERNMENT CORPORATION
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On this, the 25`" of October 2018, the Cibolo Valley Local Government Corporation (CVLGC) convened at 9 :26 a.m.
in the Council Chambers of the City of Schertz, 1400 Schertz Parkway, Schertz Texas. The following members being
present and in attendance:
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The following members were absent:
Steve White
President (City of Schertz)
Vice - President (city of Cibolo)
Ex-Officio (City of Schertz)
Cibolo) Treasurer (City of Schertz)
Secretary (City of
Constituting a majority of the persons appointed to the Board and a quorum for the transaction of business, and
notice of such meeting having been duly given in accordance with the provisions of Texas law. Also in attendance
were:
Bob Herrera
City Manager (city of ciboio)
Timothy Fousse
Director of Public Works (city of Cibolo)
Dudley Wait
Executive Director of Operations (city ofschertz)
Jimmy Hooks
Public Works (city of Schertz)
John Winkler
Consultant (walker Partners)
Bill Klemt
Hydrologist/ Consultant
Crockett Camp
Consultant
Rene Moulinet, Jr.
Consultant (HRM Land Acquisition)
Amber Beard
Executive Director
Angie I,'-leinschmidt
Office Administrator
Art Rodriguez
General Counsel (Russell & Rodriguez,)
Ex-Officio Edwards made • • • approve the Se• • er 27, 2018 Board Meeting minutes as
presented • r wording for order of business to read •_ • • of
« uring" executive session. Vice President • r r • the motion. • r r being called,
motion carried by • decision.
The- fifth - order -of business was the Executive- Direct `r' R rt hit hard Executive Diretbr.
Mrs. Beard's written report was included in the board packets. Mrs. Beard added the following items to her written
report:
CVLGC MINUTES 10/25/2018 (3 pag;eq)
Date Printcd: 12/5/201810 :09 :31 AM SIGNED ORIGINAL(S): I
Mrs. Beard recommended the December's Board Meeting to be held at 9:00am on December 13`h at the City of
Cibolo. All in favor of the change.
The investment report was included in the board packet.
Ex-Officio Edwards made a motion to approve the investment report for the quarter ending
September 30, 2018 in addition to transferring access O&M of 111 14 and applying total
reserve balance fund. Vice President Coursen seconded the motion. Upon a vote being called, the
motion carried by unanimous decision.
• . Reimbursement to the SSLGC in accordance
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President Ex-Officio Edwards made a motion to approve the reimbursement to the SSLGC in the amount
$30,112.80 with Vice t ursen seconding. Upon • being called, the motion • •
unanimous decision.
h ht% order of business was Approve Amended Investment Poll - Ambgr Beard. Executive Director
Mrs. Beard advised that a redline version was included in your packet. The recommended changes were under Section
IV — Responsibility & Control. The recommended change was to replace Deputy Executive Director with Board
President as designated Investment Officer.
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C VT,GC; MINUTES 10/25/2018 (3 pages)
Date printed: 12/5/2018 10:09:31 ,1AN4
SIGNET] ORIC'TNAL {s }. I
Vice President Coursen made a motion to approve the Amended Investment Policy. Ex-Officio Edwards
seconded the motion. Upon a vote being called, the motion carried by unanimous decision.
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IIIHISIR I IFIRI WIN 111111
President Murray closed General Session at 9:51 AM
Executive Session was held from 9:51 AM to 10:02 AM
President Murray re-opened General Session at 10:02 AM
The next regular board meeting was scheduled for Thursday December 13'hg 9:00 am at City of
Wo
The Lourteenth order of business Aas AdoLirnmenIII
President Murray declared the meeting adjourned at 10:07 AM
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('VLGC MINUTFS 10/25/2018 (3 pages}
1-)ate Printed: 12/5/2018 10:09:31 AM SIGNED ORIGINAL(S): I