[00:00:03]
[CALL TO ORDER]
UH, GOOD EVENING.I'D LIKE TO CALL THIS MEETING OF THE CITY OF WILMER COUNCIL TO ORDER AT SEVEN 10.
ON BEHALF OF THE CITY COUNCIL, I WOULD LIKE TO EXTEND A WARM WELCOME TO AND THANKS.
THANK YOU FOR JOINING US THIS EVENING.
YOUR PRESENT PRESENCE REFLECTS A STRONG COMMITMENT TO CIVIC ENGAGEMENT, AND WE TRULY VALUE YOUR INTEREST IN THE WORK AND PROGRESS OF OUR CITY.
AT, AT THIS TIME, I WOULD LIKE TO INVITE PASTOR WEALTHY TO PROVIDE THE INVOCATION.
EVERYONE, PLEASE STAND IF YOU'RE ABLE.
GOD, TONIGHT I COME BOLDLY BEFORE YOU'RE THRONE OF GRACE, THANKING YOU FOR AN, ALLOWING US AN OPPORTUNITY TO SIT AND REPRESENT THE CITY.
LORD GOD, I PRAY THAT WE WOULD OPERATE IN WISDOM.
I PRAY THAT YOU WOULD GIVE US DIVINE INSTRUCTIONS.
THE BIBLE SAYS THAT YOU GAVE SOLOMON WISDOM ABOUT ALL MATTERS, WHETHER IT WAS AGRICULTURE OR FAMILY OR GOVERNMENT.
I BELIEVE FOR THE RELEASE OF THE ANOINTING OF SOLOMON, UPON US TONIGHT, BLESS OUR MAYOR, BLESS OUR COUNCILMEN, LORD GOD, GIVE THEM INSIGHT FAR BEYOND THEIR YEARS.
GOD, RIGHT NOW, OUR CITY HAS A, LIKE A LITTLE OF, A BIT OF A BITTER TASTE IN, IN, IN THE PEOPLE'S MOUTH, BUT YOU HAVE A WAY OF CHANGING AND MAKING BITTER WATER SWEET.
I BELIEVE YOU TONIGHT, LORD GOD, TO MAKE THE BITTER WATER SWEET WHEN IT COMES TO WILMER.
AND I PRAY, LORD GOD, A NEW SHIFT IS TAKING PLACE RIGHT NOW FOR DIVINE ALIGNMENT TO COME IN PLACE.
AND WE WILL BE A CITY THAT IS A SHINING LIGHT FOR MEN AND WOMEN AND COMPANIES ALL AROUND THE WORLD.
IF YOU CAN, PLEASE REMAIN STANDING FOR OUR PLEDGE OF ALLEGIANCE.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC, WHICH IT STANDS, ONE NATION, NATION, UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
THERE ARE NO COMMUNITY ANNOUNCEMENTS AT THIS TIME.
[COMMUNITY ANNOUNCEMENTS]
WILL NOW MOVE INTO A MEMORIAL.UM, TONIGHT, THE WILMER CITY COUNCIL FORMERLY RECOGNIZES AND HONORS THE LIFE AND LEGACY OF JAMES STEVEN, JIM, OR KNOWN AS JIM SABONI, WHO PASSED AWAY ON AUGUST THE SECOND, 2026.
MR. SABONI COLLABORATED CLOSELY WITH CITY STAFF FOR MANY YEARS, PROVIDING INVALUABLE EXPERTISE IN MUNICIPAL FINANCE.
HIS STRATEGIC GUIDANCE SIGNIFICANTLY, SIGNIFICANTLY ENHANCED THE CITY'S CREDIT RATING, MAXIMIZED INTEREST, SAVINGS, AND FACILITATED THE SUCCESSFUL FINANCING OF NUMEROUS MAJOR CAPITAL PROJECTS.
CITY LEADERSHIP AND STAFF COULD ALWAYS RELY ON HIM FOR STEADFAST TRUSTED COUNCIL DURING CRITICAL DEVELOPMENTAL PHASES.
WHILE MUCH OF HIS CONTRIBUTIONS OCCURRED BEHIND THE SCENES, THE KIND OF ESSENTIAL FINANCIAL STEWARDSHIP THAT RESIDENTS RARELY SEE, HIS WORK FUNDAMENTALLY OPTIMIZED THE IMPACT OF OF PUBLIC FUNDS.
MR. SABONI ESTABLISHED A DISTINGUISHED CAREER IN PUBLIC FINANCE, ULTIMATELY SERVING AS A MANAGING DIRECTOR WITH HILLTOP SECURITIES, WHERE HE ADVISED APPROXIMATELY 50 GOVERNMENTAL ENTITIES THROUGHOUT TEXAS.
THE CITY OF WILMER WAS EXCEPTIONALLY FORTUNATE TO BENEFIT FROM HIS PROFESSIONAL EXPERTISE FOR MANY YEARS.
THE COUNCIL ALSO EXTENDS ITS GRATITUDE TO PATRICIA ALRICH, THE CITY'S FINANCIAL CONSULTANT FOR BRINGING THIS LOSS TO OUR ATTENTION AND FOR HER OWN TWO DECADES OF PROFESSIONAL PARTNERSHIP WITH MR. SABONI.
SO WE THANK YOU, MS. ALBRIGHT.
ON BEHALF OF THE CITY COUNCIL AND THE ENTIRE COMMUNITY, WE OFFER OUR DEEPEST CONSULT CONDOLENCES TO HIS WIFE ANGELA SABONI, HIS CHILDREN ELIZABETH LEE AND JAMES STEVEN JR.
HIS SIBLINGS AND HIS EXTENDED FAMILY AND FRIENDS.
WE REMAIN PROFOUNDLY GRATEFUL FOR HIS YEARS OF DEDICATED SERVICE TO WILMER AND FOR THE ENDURING POSITIVE IMPACT OF HIS WORK.
[CITIZENS' COMMENTS]
WE WILL NOW MOVE TO CITIZENS' COMMENTS.AT THIS TIME, CITIZENS WHO HAVE PRE-REGISTERED BEFORE THE CALL TO ORDER WILL BE ALLOWED TO SPEAK ON ANY MATTER OTHER THAN PERSONNEL MATTERS OR MATTERS UNDER LITIGATION FOR A LENGTH OF TIME NOT TO EXCEED THREE MINUTES, NO COUNSEL ACTION OR DISCUSSION MAY TAKE PLACE ON A MATTER UNTIL SUCH MATTER HAS BEEN PLACED ON AN AGENDA AND POSTED IN ACCORDANCE WITH LAW.
ANYONE DESIRED TO SPEAK ON AN ITEM SCHEDULED FOR A PUBLIC HEARING IS REQUESTED TO HOLD THEIR COMMENTS UNTIL THE PUBLIC HEARING PORTION OF THE ITEM WE HAVE.
[00:05:01]
WE'LL NOW HAVE DR.EMMANUEL WEALTHY APPROACH THE PODIUM.
SHE WILL BE LEAVING A COMMENT THAT IS NOT ON FOR AN ITEM, NOT ON THE AGENDA.
WEALTHY, IF YOU CAN PLEASE STATE YOUR NAME AND ADDRESS FOR THE RECORD, AND THEN YOU MAY BEGIN.
MY ADDRESS IS 10 12 HIGHVIEW DRIVE.
UH, I JUST WANTED TO SAY BEFORE THE COUNCIL BRIEFLY, WE'VE HAD MANY DIFFERENT TYPES OF ADJUSTMENTS GOING ON WITH COUNCIL, UH, AND WITH OUR MAYOR STEPPING DOWN.
WE'VE BEEN TRYING, I KNOW THAT YOU'VE BEEN TRYING TO FIGURE OUT WHAT WE'LL DO AND HOW WE'LL MOVE INTO PLACE, AND WE'RE GRATEFUL THAT MS. PHYLLIS LAW WAS ABLE TO STEP IN AS MAYOR, BUT WE, THE CITIZENS OF WILMER WOULD LIKE TO HAVE A SPECIAL ELECTION.
SOME WOULD SAY IT'S AUTOMATIC.
SOME WOULD SAY THAT'S JUST THE WAY IT'S GONNA BE, BECAUSE IF WE JUST WAIT IT OUT AND SEE, BUT WE HAVE TO BE ACTIVE PARTICIPANTS.
AND I HAVE A PETITION HERE TONIGHT, UH, OF 30 RESIDENTS, TAXPAYERS THAT LIVE IN THE CITY THAT WANT TO PARTICIPATE.
AND THE ONLY REASON I'M NOT SUBMITTING IT TONIGHT, BECAUSE I STILL HAVE MORE THAT WANT ME TO DO IT AFTER THIS MEETING.
SO THERE'S GONNA BE MORE NAMES ADDED TO THAT.
YOUR ROLE IS TO LISTEN TO THE VOICE OF THE CITIZENS.
YOU CAN KIND OF DO IT YOUR WAY, UM, WHICH I TRULY UNDERSTAND, BUT WE'RE ASKING YOU TO HEAR OUR VOICE AND WE WOULD LIKE A SPECIAL ELECTION.
YOU CAN'T REALLY DO THAT WITHOUT HAVING THE CITY SECRETARY PARTICIPATE AND MAKE SURE THAT PART IS SET UP.
AFTER TALKING TO THE COMMISSIONER, HE SAID THAT THERE WAS DEFINITELY GOING TO BE A SPECIAL ELECTION, BUT THE WAY THE STATE LOCAL GOVERNMENT CODE IS SET UP, THAT THE WAY IT'S SUPPOSED TO BE DONE IS 30 TO 27 TO 30 REGISTERED VOTERS IN THE CITY OF WILMER NEED TO SIGN A PETITION THAT THEY WANT A SPECIAL ELECTION FOR THE MAYORAL POSITION.
UM, I WAS GONNA PRESENT IT TONIGHT, BUT I'LL GIVE IT TOMORROW.
GIVE EVERYBODY AN OPPORTUNITY THAT YOU CAN SEE WHAT YOUR CITIZENS ARE WANTING TO HAPPEN.
SPECIAL ELECTION FOR THE MAYORAL POSITION.
SEE, WE WILL MOVE ON TO THE, THE CONSENT AGENDAS PRESENTATIONS PAGE HERE TO THE CONSENT AGENDA.
SHE'S GONNA DO SOME MORE, EXCUSE ME FOR THAT ERROR.
[PRESENTATION]
MOVE ON TO OUR PRESENTATION ITEMS. I'LL TURN IT OVER TO PATRICIA ALRE, CONSULTING FINANCE DIRECTOR TO BEGIN THIS PORTION OF THIS, THE AGENDA.GOOD EVENING MAYOR PRO TEM AND COUNCIL MEMBERS AND CITIZENS OF WILMER.
TONIGHT I WILL BE PRESENTING THE THIRD QUARTER FINANCIAL HIGHLIGHTS FOR THE CITY OF WILMER.
AND THIS IS AS OF JUNE 30TH, 2026.
AND THE FIRST SLIDE HERE WILL SHOW YOU THE GENERAL FUND.
AND YOU CAN SEE THERE THE TOTAL REVENUE IS AT 98%.
THE CITY HAS COLLECTED ABOUT 5% EXTRA IN PROPERTY TAXES.
AND THAT IS DUE TO SOME TAXPAYERS THAT WERE, UM, UNDER A RB REVIEW.
UM, THEY WERE BASICALLY CONTESTING THE TAXES, AND I GUESS THEY LOST, AND SO THEY HAD TO PAY
AND SO, UM, WE WERE FORTUNATE ENOUGH TO HAVE THAT INCREASE IN, UM, IN PROPERTY TAXES.
SO ABOUT $500,000 EXTRA, WHICH IS, UH, A, A GREAT THING.
UH, FOR SALES TAXES, WE ARE AT 91%, $5.5 MILLION COLLECTED AS OF JUNE 30TH.
LICENSES AND PERMITS ALSO COMING IN VERY WELL.
WE'RE OVER, UH, THE BUDGET, 102% COLLECTED CHARGES FOR CURRENT SERVICES.
AND I MENTIONED THIS DURING THE BUDGET WORKSHOP THAT INCLUDES AMBULANCE RUNS.
AND AMBULANCE RUNS ARE, UM, A GREAT REVENUE GENERATOR BECAUSE, YOU KNOW, THEY,
[00:10:01]
UH, TAKE THE PEOPLE TO THE HOSPITAL AND, AND HELP OUT FOLKS WHEN THEY'RE IN, IN EMERGENCY NEED, 119% INCREASE.FINES AND FORFEITURES ARE FROM TICKETS AND SO FORTH.
OTHER IS JUST MISCELLANEOUS, 86% INTEREST EARN, UH, 242% BECAUSE SINCE, UH, COUNCIL ADOPTED AN INVESTMENT POLICY, WE HAVE NOW MOVED FUNDS AROUND, AND THEY ARE NOW IN INVESTMENT POOLS WHERE THEY'RE ACTUALLY EARNING INTEREST.
UM, INTERGOVERNMENTAL THAT COULD BE.
UM, YOU KNOW, FROM, UH, THE D AAA FOR THE SENIOR MEALS, UH, THEY DO PROVIDE SOME, UH, FUNDING FOR THAT $25,000.
ALL IN ALL, 98% OF THE BUDGET HAS BEEN COLLECTED.
AND FOR THE GENERAL FUND, AS OF JUNE 30TH, GENERAL GOVERNMENT EXPENDITURES ARE AT 63%.
PUBLIC SAFETY, 77% COMMUNITY SERVICES, 38%, AND COMMUNITY DEVELOPMENT, 96% NON-DEPARTMENTAL, UM, AT 41% TOTAL EXPENDITURES, 11, $11.6 MILLION.
AND THE NET INCOME FOR THE GENERAL FUND IS $7.1 MILLION.
AS OF JUNE, UH, THE 30TH WATER AND SEWER FUND, AS OF, UH, JUNE 30TH, UH, 67% OF THE WATER SALES, UM, HAVE COME IN AND 77% SEWER CHARGES, UH, PENALTIES CHARGE 84%.
AND SOME PEOPLE HAVE ASKED, WHAT ARE THOSE PENALTIES CHARGES? UM, THOSE ARE MOSTLY CHARGED TO, UH, COMMERCIAL PEOPLE AND DEVELOPERS AND SUCH.
YOU KNOW, UM, THIS IS NOT PENALTIES CHARGED TO THE RESIDENTS.
UM, SO OTHER TOTAL, OTHER SERVICES, 152,904.
UM, OTHER INCOME 317,351, THAT ALSO INCLUDES INTEREST.
$3.2 MILLION IN, UH, REVENUES.
THAT'S 75% OF THE BUDGET AS OF JUNE 30TH.
AND TOTAL EXPENSES, UH, ABOUT 76%.
SO IT'S KIND OF, YOU KNOW, BALANCES OUT, UH, TRANSFERS IN 164,171.
THAT'S FOR THE WILMER, UM, UH, OUTFALL FOREST DESIGN.
UM, WE TRANSFER IN SOME OF THEM FROM THE TAX NOTE WHILE WE ARE WAITING FOR THE EPA GRANT TO KICK IN.
AND TOTAL INCOME IS $110,000 FOR JUNE 30TH.
NEXT, THE ECONOMIC DEVELOPMENT CORPORATION, AS OF JUNE 30TH, THEY HAVE $2.86 MILLION IN REVENUE.
91% OF THEIR SALES TAX REVENUE HAS COME IN.
THEY HAVE ONLY SPENT $786,000, 32% OF THEIR, UM, TOTAL BUDGET.
AND THEIR INCOME IS ABOUT $2 MILLION AS OF JUNE 30TH.
CDC IS ALSO LOOKING PRETTY GOOD.
THEIR SALES TAX REVENUE, THE SAME THING.
AGAIN, THE FUNDS WERE MOVED SOMEWHERE ELSE SO THAT THEY CAN, UM, UH, EARN SOME INTEREST.
THIS IS WHAT I WAS SPEAKING ABOUT BEFORE.
THERE'S $50,666 AS OF JUNE 30TH FOR EVENTS THAT HAPPENED.
UH, THAT COULD HAVE BEEN, UH, YOU KNOW, THE, THE PIONEER DAY AND ALL THE OTHER THINGS THAT GOT EVEN THE NATIONAL NIGHT OUT HAS, UM, DONATIONS.
YOU'LL SEE SOME MORE COME IN FOR THE 4TH OF JULY, UM, BECAUSE I SAW AN $8,500 CHECK COME THROUGH FROM SOME CORPORATION THAT THEY, THEY DONATED.
SO YOU'LL SEE THAT IN THE, IN THE NEXT QUARTER.
UH, TOTAL REVENUE, 2.8 MILLION.
MISCELLANEOUS REVENUE, $2,000 INTERGOVERNMENTAL REVENUE.
THAT IS A GRANT THAT WE WERE CLOSING OUT WITH THE GREEN RIBBON TECH DOT 73,000.
AND SO ABOUT $3 MILLION IN REVENUE TOTAL, 88% OF BUDGET.
YOU GET DOWN TO THE EXPENDITURES, $1.1 MILLION, WHICH IS 40% OF THE BUDGET.
THEY'RE LOOKING REAL GOOD AS WELL, WITH AN INCOME OF ABOUT $1.85 MILLION IN TOTAL.
SO THAT IS THE MONTH OR THE THIRD QUARTER, UM, IN JUNE.
AND EVERYTHING'S LOOKING GREAT.
AND AS I TALKED ABOUT IN THE BUDGET WORKSHOP, I, THE CITY'S GONNA END UP WITH A VERY, VERY GOOD FUND BALANCE FOR ALL, ALL FUNDS.
ANY QUESTIONS ON THE THIRD QUARTER FINANCIALS? SO EVERY QUARTER, THIS IS THE INVESTMENT REPORT.
EVERY QUARTER, UH, EACH CITY IN THE STATE OF TEXAS AND THE WHOLE NATION
[00:15:01]
HAS TO PRESENT AN INVESTMENT REPORT TO REPORT TO THE CITIZENS OF THAT CITY AND THE COUNCIL, UH, THE BALANCES IN THE BANK, AND ANY KIND OF SPECIAL INVESTMENTS THAT THEY HAVE AND SO FORTH.AS I HAVE MENTIONED BEFORE, THE CITY DOES NOT HAVE ANY SPECIAL, UM, TYPE OF INVESTMENTS SUCH AS, YOU KNOW, SOME OF 'EM INVEST IN STOCKS AND, AND THINGS OF THAT NATURE.
WE KEEP IT VERY SIMPLE HERE IN, IN WILMER.
AND SO THE FIRST SLIDE THAT YOU SEE THERE IS FROM APRIL FOUR, APRIL 1ST TO JUNE 30TH, UM, THE LOCAL BANK, UH, COMMERCIAL STATE BANK, YOU'LL SEE THERE, UH, THE LISTING OF ALL OF THE FUNDS THAT THEY'RE IN, THE NAME OF THE ACCOUNT, WHAT THE BALANCE WAS AT THE BEGINNING, DEPOSITS AND WITHDRAWALS, ANY INTEREST EARNED.
ENDING BALANCE, UH, FOR ALL THE TOTAL HOLDINGS AT COMMERCIAL STATE BANKS, ABOUT $6.9 MILLION.
AS YOU CAN SEE, THEY DON'T EARN, UM, ANY INTEREST.
AND TONIGHT WHEN, UH, MR. TIM FROM VALLEYVIEW CONSULTING WILL BE PRESENTING THEM BACK DEPOSITORY CONTRACT FOR YOU, UH, WE CAN CHANGE THAT.
AND SO THAT'S WHERE COMMERCIAL STATE BANK.
REGIONS BANK IS A, UM, WE HAVE SPECIAL ACCOUNTS WITH THEM.
AND THE SERIES, IT'S A CUSTODIAL ACCOUNT.
IT'S RESTRICT RESTRICTED 2021 CUSTODIAL ACCOUNT.
THE ENDING BALANCE IS $4.86 MILLION.
THAT'S WHERE THE 2021 TAX NOTE MONEY IS KEPT AT.
OKAY? YOU ONLY SEE $1,100 LEFT FOR THE 2022 SERIES.
'CAUSE THAT'S WHAT THAT THE CITY USED TO PAY FOR THE PUBLIC BUILDINGS.
OKAY? THE PUBLIC WORKS AND THE POLICE.
SO THE TOTAL THERE IS $4.8 MILLION LEFT IN THAT, UH, INSTITUTION.
HERE, WE ARE GOING TO DELVE INTO THE INVESTMENT POOLS.
WHAT IS AN INVESTMENT POOL? ALL OF THESE DIFFERENT CITIES POOL THEIR MONEY TOGETHER AND HAVE, UH, FINANCIAL PEOPLE WHO WENT TO SCHOOL
LOTS OF CITIES, UH, PARTICIPATE IN THIS.
THE FIRST ONE IS CALLED LOGIC, OKAY? AND YOU SEE THERE AGAIN, THE NAME OF THE ACCOUNTS, THE BEGINNING BALANCES, THE ENDING BALANCES, THE INTEREST.
YOU SEE ACTUAL INTEREST EARNED THERE OF $220,480 FOR THAT QUARTER.
AND YOU SEE THE ENDING BALANCE OF 26,000,373.
6 0 3 TECHSTAR IS ANOTHER POPULAR INVESTMENT POOL.
UH, TOTAL INTEREST EARNED THERE FOR THE QUARTER 329,418.
AND THE CITY HAS, UH, UM, I'M SORRY, UM, THE TOTAL SEVEN 70,242.
AND, UM, THE CITY HAS A TOTAL OF $48.3 MILLION IN ALL OF US OF THE INVESTMENT, UM, POOLS AND THE, UH, ALL THE BANK ACCOUNTS.
SO THE NEXT ONE IS A PIECE OF PAPER THAT WE HAVE TO PROVIDE.
IT IS PART OF THE PUBLIC FUNDS INVESTMENT ACT.
WE HAVE TO SHOW YOU THE INVENTORY HOLDINGS.
WE HAVE TO PRESENT IT TO YOU AS IS SEEN HERE.
UM, POOLS, LOGIC AND TECHSTAR DEMAND DEPOSIT ACCOUNT.
THAT'S THE COMMERCIAL STATE BANK, THE CUSTODIAL ACCOUNT, REGENTS BANK, IT SHOWS YOU THERE.
THE PAR, WHICH IS THE TOTAL 46.3, UH, MILLION DOLLARS, THE DIFFERENT RATES MATURITY.
IT, IT'S, YOU KNOW, YOU, YOU, THIS IS NOT LIKE A CD OR ANYTHING LIKE THAT.
SO YOU CAN JUST GO TAKE IT OUT THE NEXT DAY IF, IF YOU WANT.
UM, THE NEXT SLIDE, IT IS A PORTFOLIO SUMMARY MANAGEMENT REPORT WHERE I GO AHEAD AND COMPARE THE TOTAL YIELD FOR THE QUARTER AND FOR THE CITY'S INVESTMENT HOLDINGS.
AND I GO INTO THE TREASURY DEPARTMENT, SIX MONTH TBI, AND I TAKE THE SAME, UH, APRIL 1ST TO JUNE 30TH TIMEFRAME.
HAVE GET AN AVERAGE OF THAT SIX MONTH TBI.
WHAT DID THE CITY EARN? 3.371.
AND, UM, THAT'S THE INVESTMENT REPORT FOR THE THIRD QUARTER.
IF YOU HAVE ANY QUESTIONS ON THAT ONE.
OKAY, THANK YOU SO MUCH FOR THOSE PRESENTATIONS.
WE DO NOT HAVE ANY ITEMS, UH, FOR THE CONSENT AGENDA, WE'LL
[3. Discuss and consider a Final Plat for 746 Goode Addition, located in the Charles A Warfield survey, Abstract No. 1613 City of Wilmer, Dallas County, Texas, and generally addressed as 746 N. Goode Road. (FP-26-01)]
MOVE INTO OUR ACTION ITEMS. THE FIRST ITEM, DISCUSS AND CONSIDER A FINAL PLAT FOR 7 4 6 GOOD EDITION, LOCATED IN THE CHARLES A WARFIELD SURVEY, ABSTRACT NUMBER 1 6 1 3, CITY OF WILMER, DALLAS COUNTY, TEXAS, AND GENERALLY ADDRESSED AS 6 4 6 NORTH GOOD ROAD, FP DASH[00:20:01]
26 DASH ZERO ONE.LAURA VOLT, UM, LANDING CONSULTANT.
THIS IS THE LAST STEP IN THE PLATTING PROCESS.
UM, SO THE CITY ENGINEER HAS LOOKED AT ALL OF THE CIVIL CONSTRUCTION THAT NEEDS TO TAKE PLACE.
UM, AND WE'RE TRYING TO GET THIS APPROVED BY Y'ALL BEFORE THE PRE-CONSTRUCTION MEETING NEXT WEEK.
IT MEETS ALL OF THE REGULATIONS.
SO THIS IS A MINISTERIAL ACTION, AND WE RECOMMEND AND REQUEST THAT YOU APPROVE IT.
COUNSEL, DO WE HAVE A MOTION? I HAVE A MOTION TO APPROVE, SIR.
DO I HAVE A SECOND? SECOND THAT PLEASE VOTE.
DID YOU SPEAK UP? WHAT I YES, YES, YES, YES, YES.
[4. Discuss and consider entering into an Engagement Agreement with Nichols | Jackson, LLP for City Attorney, general legal, and prosecution services; authorizing the City Administrator to execute the Engagement Agreement and providing for an effective date. ]
DISCUSS AND CONSIDER ENTERING INTO AN ENGAGEMENT AGREEMENT WITH NICHOLS JACKSON, LLP FOR CITY ATTORNEY GENERAL LEGAL AND PROSECUTION SERVICES, AUTHORIZING THE CITY ADMINISTRATOR TO EXECUTE THE ENGAGEMENT AGREEMENT AND PROVIDING FOR AN EFFECTIVE DATE.UH, MAYOR PRO TEM AND COUNSEL BEFORE YOU TONIGHT IS AN ENGAGEMENT AGREEMENT WITH NICHOLS JACKSON TO PROVIDE LEGAL SERVICES FOR THE CITY UNDER THE PROPOSED AGREEMENT.
THE FIRM WILL PROVIDE OUR GENERAL LEGAL SERVICES AT A RATE OF 240 PER HOUR IN PROSECUTION SERVICES AT 220 PER HOUR.
MR. ROBERT HAGER IS HERE WITH US THIS EVENING TO BRIEFLY PRESENT THE AGREEMENT AND ANSWER ANY QUESTIONS YOU GUYS MAY HAVE.
MR. HAGER? UH, GOOD EVENING, MAYOR AND COUNCIL.
I AM NOW OF COUNSEL, BUT I'VE WORKED FOR THE LAW FIRM SINCE 1979 AS THE LAWYER I HAVE PREVIOUSLY REPRESENTED YOU ALL.
UH, I'VE REPRESENTED A NUMBER OF CITIES, UH, IN THE, UH, SOUTHWEST DALLAS AREA FOR A NUMBER OF YEARS.
UH, THE AGREEMENT IS PRETTY STRAIGHTFORWARD.
WE WILL CHARGE YOU ON, UH, 10, WHAT I CALL, UH, SIX MINUTE INCREMENTS OR TENTS, WHICH I THINK IS VERY EFFICIENT.
USE TIMES INSTEAD OF LARGE BLOCKS AND ONLY SPENDING 10 MINUTES WITH YOU, BUT CHARGING FOR A QUARTER OF AN HOUR, WE WILL CHARGE EXACTLY TO THOSE SIX MINUTE INCREMENTS.
AND I FIND THAT THAT WILL BE A VERY, UH, GOOD USE OF YOUR, YOUR FUNDS AND OUR TIME, UH, MOVING FORWARD.
UH, WE'RE MORE THAN HAPPY TO ANSWER ANY QUESTIONS YOU HAVE.
OUR FIRM NOW, UH, FOR THOSE THAT DON'T KNOW, IS EXCLUSIVELY REPRESENTS MUNICIPALITIES, UH, IN THE DALLAS FORT WORTH AREA AND IN THROUGHOUT TEXAS, AS WELL AS A NUMBER OF SPECIAL DISTRICTS ECONOMIC DEVELOPMENT CORPORATIONS, BOTH THE, UH, FOR TYPE A AND TYPE B CORPORATIONS, UH, A NUMBER OF, UM, UH, SPECIAL DISTRICTS.
UH, AND WE ARE, UH, ANXIOUS TO HELP YOU IN ANY WAY WE CAN.
UH, HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.
COUNSEL, HAVE ANY QUESTIONS, MA'AM, AT THIS TIME? NO.
DO WE HAVE A MOTION TO APPROVE THIS ENGAGEMENT AGREEMENT? I MAKE A MOTION.
[5. Discuss and consider approving Resolution R2026-0820A, awarding a depository services contract to American National Bank of Texas and authorizing the City Administrator to execute the contract and all necessary agreements.]
NEXT ITEM, DISCUSS AND CONSIDER APPROVING RESOLUTION R 2 0 2 6 DASH 0 8 2 0 A AWARDING A DEPOSITORY SERVICES CONTRACT TO AMERICAN NATIONAL BANK OF TEXAS, AND AUTHORIZING THE CITY ADMINISTRATOR TO EXECUTE THE CONTRACT[00:25:01]
IN ALL NECESSARY AGREEMENTS.MAYOR PRO, TIM, AND COUNCIL, TONIGHT WE HAVE MR. PINON FROM VALLEY VIEW CONSULTING HERE TO GIVE A PRESENTATION.
SO I'LL GIVE YOU A LITTLE BIT OF BACKGROUND.
UM, THE TEXAS LOCAL GOVERNMENT CODE REQUIRES THAT THE CITY COMPETITIVELY SOLICIT FINANCIAL INSTITUTIONS TO PROVIDE PRIMARY DEPOSITORY SERVICES AT LEAST EVERY FIVE YEARS.
UH, FROM MY RESEARCH, THE CITY HAS BEEN WITH THE, UH, CURRENT BANK HERE FOR I THINK CLOSE TO 14 YEARS.
AND AS I'VE MENTIONED BEFORE, THE CITY DOES NOT EARN ANY INTEREST IN, IN THOSE BANK ACCOUNTS.
SO WE FELT THAT IT WAS TIME TO, UM, GO AHEAD AND, AND, AND SEE IF WE COULD, UM, REQUEST SOME, UM, APPLICATIONS FROM FINANCIAL INSTITUTIONS TO SEE WHAT COULD THEY OFFER THE CITY.
AND, UH, MR. PINON AND HIS CONSULTING FIRM ARE EXPERTS IN BANKING, AND HE WILL GO THROUGH, UH, THE PROJECT RECAP FOR US.
AND IT LOOKS LIKE WE'RE KIND OF GETTING IT SET UP ON THE SCREEN OVER THERE.
DO YOU WANT ME TO TRY IF I CLICK THROUGH OR, OH, YEAH, YOU CAN OR YOU CAN USE WHAT'S EASIER.
YOU WANNA USE THE ARROWS HERE? SURE.
GOOD EVENING, MAYOR PRO TIM, AND COUNCIL.
SO, AS PATRICIA MENTIONED, YES, WE WERE ENGAGED TO HELP THE CITY SOLICIT FOR A BANK DEPOSITORY CONTRACT.
THE NEW CONTRACT WILL START OCTOBER 1ST, 2026.
SO THE CHAPTER 1 0 5 STIPULATES THAT CITIES SHOULD GO THROUGH THIS PROCESS EVERY FIVE YEARS.
SO IT'S BASICALLY, IT'LL BE A FIVE YEAR CONTRACT.
THE WAY WE WILL TYPICALLY STRUCTURE THOSE CONTRACTS THOUGH, IS WE'LL BREAK IT INTO KIND OF MINI CONTRACTS.
SO WE'LL DO AN INITIAL TWO YEAR CONTRACT WITH THREE ONE YEAR RENEWALS.
AND THE REASON WE DO THAT IS SOMETIMES BANKS GET BOUGHT BY OTHER BANKS AND THE SERVICE CHANGES.
SOME, THOSE, THE BANKER CHANGES AND THE SERVICES ISN'T AS GOOD.
SO IT JUST KIND OF GIVES THE, THE CITY A NATURAL CHANCE TO KIND OF CHECK IN.
IS, ARE THINGS GOOD WITH THE RELATIONSHIP? IF SO, YOU RENEW, WHICH MOST OF THE TIME OUR CLIENTS DO.
BUT EVERY ONCE IN A WHILE SOMETHING'S GONE A LITTLE SOUTH AND IT'S NOT GOING GREAT.
SO IT'S LIKE, YOU KNOW WHAT? WE WANT TO GO BACK OUT, SOLICIT FOR A NEW CONTRACT AND SEE WHAT OTHER BANKS WOULD BE INTERESTED.
UM, SO THIS, IDEALLY WE'LL GO THROUGH SEPTEMBER 30TH, 2031.
SO THERE ARE SEVERAL CODES THAT, UM, THAT KIND OF OUTLINE HOW THIS HAS TO BE CONDUCTED.
CHAPTER 1 0 5 IS REALLY THE BIG ONE.
UH, CHAPTER 1 76 DEALS WITH CONFLICT OF INTEREST, THE PUBLIC FUND INVESTMENT ACT AND THE PUBLIC FUNDS COLLATERAL ACT.
THE MAIN THING THAT THOSE ADDRESSES, THE CITY'S DEPOSITS HAVE TO BE COLLATERALIZED.
AND SO IT ADDRESSES REALLY THE LEVEL AND TYPE OF COLLATERAL THAT THE BANKS CAN PROVIDE TO SECURE THE CITY'S DEPOSITS.
SO THESE ARE THE STEPS THAT WE WENT THROUGH.
WE LOOKED AT, UM, THE CITY'S BALANCES, WHICH I DON'T HAVE 'EM IN FRONT OF ME.
I THINK IT WAS AROUND THREE TO 4 MILLION IS TYPICALLY WHERE THE CITY'S BALANCES HAVE BEEN RECENTLY.
UM, AND THEN WE LOOKED AT WHAT SERVICES THE CITY IS USING.
AND WE USE THIS AS KIND OF A BANKING CHECKUP.
IT'S LIKE, ARE THERE SERVICES THAT OTHER BANKS OFFER THAT BANKS HAVE ADDED THE CITY'S NOT USING, BUT THAT WOULD BENEFIT THE CITY.
UM, AND THEN WE ESTABLISHED A LIST OF ALL ELIGIBLE INSTITUTIONS.
IT SAYS, WITHIN THE MUNICIPAL BOUNDARIES, JUST BE BECAUSE THERE ARE NOT A LOT OF BANKS WITHIN WILM, OR WE EXPANDED THAT BOUNDARY TO ANY BANK WITHIN A 20 MILE RADIUS OF THE CITY, BECAUSE REALLY A LOT OF BANKING NOW, OTHER THAN CASH, KINDA LIKE WITH YOUR OWN BANKING, YOU MAY NEVER GO INTO YOUR BRANCH ANYMORE.
YOU'RE DOING IT PROBABLY ON YOUR PHONE OR YOUR COMPUTER.
AND A LOT OF THAT APPLIES TO CITIES AS WELL.
THERE'S A FAIRLY LIMITED NEED FOR GOING INTO A PHYSICAL LOCATION, AGAIN, OTHER THAN CASH.
SO THEN ONCE WE, WE CREATED THAT LIST, WE KIND OF DID A SEARCH ON GOOGLE AND THE FGIC WEBSITE FOUND ALL OF THE BANKS WITHIN THAT 20 MILE RADIUS.
AND THEN WE REACHED OUT AND THERE WERE 15 OF THOSE BANKS REACHED OUT, CONTACTED THEM TO MAKE SURE THAT WHEN THE RFA WENT OUT, WE MADE SURE IT LANDED AT THE RIGHT DESK THAT THE PERSON THAT THAT WOULD BE RESPONDING WOULD GET IT.
'CAUSE SOMETIMES IT CAN GO TO THE WRONG PERSON AT THE BANK.
IT FLOATS AROUND THE BANK AND BY THE TIME THEY FINALLY GET IT, THE DEADLINE HAS PASSED.
SO WE WANNA MAKE SURE BEFORE WE EVEN RELEASE IT, WE'RE GETTING IT TO THE RIGHT PERSON.
SO THEN WE PUT THE, WE DRAFTED THE RFA SAYING, THESE ARE THE SERVICES THE CITY WANTS, KIND OF OUTLINED WHAT THE CITY IS LOOKING FOR, UH, HOW WE WANTED THE BANKS TO RESPOND.
UM, CHAPTER 1 0 5 REQUIRES YOU TO POST THAT NOTICE, UH, AND MAKE A POST A LEGAL NOTICE.
AND THEN STEP SEVEN, WE DISTRIBUTED THAT RFA TO THOSE 15 INSTITUTIONS.
NUMBER STEP EIGHT IS WE HAD A NON-MANDATORY ZOOM CALL.
AND SO WHAT WE DO HERE IS WE JUST INVITE THE BANKS ON THAT LIST TO COME TO A ZOOM CALL.
WE JUST GO OVER WHAT THE REQUIREMENTS ARE, WHAT WE'RE LOOKING FOR, KIND OF TALK ABOUT THE CITY OF WILMER SO THEY KNOW WHAT, YOU KNOW, WHAT THE CITY IS ENGAGED IN.
UM, AND SO IT'S, IT GIVES US A GOOD READ FOR, UM,
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WHAT BANKS ARE LIKELY TO APPLY.IT'S ALSO REALLY GOOD FOR YOUR INCUMBENT BANK TO BE ON THAT CALL 'CAUSE THEY REALIZE, OH, OKAY, THERE ARE THREE OR FOUR OTHER BANKS, AT LEAST THEY'RE GONNA BE COMPETING AGAINST ME.
I NEED TO SHARPEN MY PENCIL A LITTLE BIT.
SO IT'S GOOD FOR THAT PURPOSE TOO.
UM, SO AT THAT CALL, WE HAD FIVE BANK SHOW UP.
SO COMMERCIAL STATE DID ATTEND ALONG WITH AMERICAN NATIONAL BANK, PLAINS CAPITAL REGIONS BANK AND TEXAS CAPITAL BANK.
WE WERE ENCOURAGED THAT FIVE OF THOSE, THOSE FIVE BANKS SHOWED UP AND AT THE END OF THE DAY, ALL FIVE OF THOSE PROVIDED AN APPLICATION TO THE CITY.
THIS NEXT SLIDE, THE EVALUATION CRITERIA JUST TALKS ABOUT, UM, IT, I I THINK IT GIVES AN, AN IDEA OF THE COMPLEXITY OF A CITY'S BANKING RELATIONSHIP.
THERE ARE A LOT OF THINGS GOING ON.
IT'S NOT JUST INTEREST RATE, IT'S NOT JUST FEES, BUT IT'S ALSO THEIR CAPABILITIES, UH, AND THEIR REPUTATION.
UM, DO THEY, THEY HAVE A REPUTATION OF TAKING GOOD CARE, UH, THEIR CLIENTS AND ALSO YOU WANNA MAKE SURE THEIR FINANCIALLY SOUND.
WE DO A, A BACKGROUND CHECK ON ALL OF THE, UH, THE BANKS.
WE HAVE, UH, TWO DIFFERENT SERVICES WE USE TO MAKE SURE, UM, THAT THEY'RE FINANCIALLY STRONG.
ALL OF THE BANKS, THANKFULLY, UM, WERE FINANCIALLY SOUND HAPPY TO RECORD THAT.
UM, LEMME SEE IF I CAN, OKAY, IS THERE A WAY TO MAKE THE SCREEN MAYBE COME OVER A LITTLE BIT? IT'S CUTTING OVER OFF THE RIGHT SIDE.
I DUNNO IF SLIDE IT OVER A LITTLE BIT.
UM, SO THIS SLIDE IS WHERE WE TOOK THE CITY'S BALANCES.
WE TOOK THE FEES THAT THE BANK WOULD CHARGE.
SO THAT'S THAT VERY FIRST COLUMN IS HOW MUCH ARE THE BANKS GOING TO CHARGE, UM, FOR THE FEES.
UM, AND THEN, UM, THEN WHAT'S THE INTEREST THAT THEY'RE GONNA PAY? SO THAT'S THAT SECOND COLUMN FROM THE LEFT.
THAT'S THE INTEREST RATE THAT EACH BANK OFFERING, SAY COMMERCIAL STATE BANK, YOUR BANK DID, THEY INCREASED THEIR RATE.
THEY WEREN'T REALLY PAYING TOO MUCH ON INTEREST.
THEY DID OFFER TO PAY 1.64, SO THAT WAS A LOT BETTER THAN YOU WERE GETTING.
BUT AS YOU CAN SEE, ALL OF THE OTHER BANKS WERE QUITE A BIT MORE THAN THAT.
UM, SO THEY WERE STILL THE LOW END OF THAT.
UM, THEY DID, THEY DID AGREE TO WAIVE ALL FEES.
UM, BUT THAT FAR COLUMN ON THE RIGHT SIDE, THE FIVE YEAR NET INCOME IS WHAT, WHAT IS WHAT ENDS UP IN THE CITY'S ACCOUNT AFTER YOU TAKE OUT ANY FEES THEY CHARGE AND THE INTEREST THEY PAY, WHAT'S THE NET AMOUNTS TO THE CITY? SO YOU CAN SEE THAT OVER A FIVE YEAR PERIOD, UM, THE TOP TWO BANKS WERE OVER $2 MILLION TO THE CITY'S BENEFIT.
SO THAT'S AN ADDITIONAL $400,000 A YEAR.
THE CITY DOESN'T HAVE RIGHT NOW COMING IN JUST IN INTEREST ON JUST YOUR BANK DEPOSITS, JUST THOSE $4 MILLION THAT YOU'VE GOT AT THE BANK.
SO SIGNIFICANT IMPROVEMENT THERE.
UM, SO WHEN WE LOOKED AT THIS LIST, REALLY KINDA WHAT JUMPED OUT AT US WAS THE TOP TWO BANKS.
THERE'S FIRST NATIONAL BANK OF TEXAS.
THEY ALSO GO BY THE NAME FIRST CONVENIENCE BANK, AND THEN AMERICAN NATIONAL BANK OF TEXAS.
SO THOSE WERE REALLY OUR TOP TWO.
THE CONCERN WITH FIRST NATIONAL BANK OF TEXAS IS IT'S LOCATED IN THE WALMART IN LANCASTER.
SO THE, THE ISSUE THERE IS YOU'RE TA YOU'RE TAKING CASH DEPOSITS, THEY DON'T HAVE A DRIVE THROUGH LANE, YOU'RE WALKING ACROSS THE PARKING LOT GOING INTO WALMART WITH CASH.
IT JUST, IT CREATES SOME, SOME EXPOSURE THERE.
SO WHEREAS AMERICAN NATIONAL BANK DOES HAVE A DRIVE THROUGH, THEY'VE GOT A FULL STANDING BRANCH.
SO THAT, JUST FOR THAT REASON, UM, THEY REALLY BECAME THE, THE FAVORITE OF, OF THE TWO FINALISTS.
THAT ONE JUST SEEMED TO MAKE THE MOST SENSE.
PLUS PATRICIA HAS WORKED WITH AMERICAN NATIONAL BANK AND THAT'S REALLY IMPORTANT BECAUSE SHE HAS AN EXISTING RELATIONSHIP WITH 'EM WHERE SHE KIND OF, THEY'VE BEEN ABLE TO PROVE THEMSELVES TO HER.
SHE HAD A GOOD EXPERIENCE WITH THEM, SPOKE VERY FAVORABLY, UM, OF AMERICAN NATIONAL BANK.
SO REALLY THAT BECAME THE, TO US THE CLEAR RECOMMENDATION OF ALL OF THESE, BOTH FROM A FINANCIAL STANDPOINT AND ALSO, UM, JUST REPUTATION AND KIND OF PROVING THEMSELVES UP.
BUT CONTROL MAY HAVE GONE BACK OVER TO YOU NOW, WHICH IS, UM, IF WE GO TO THE NEXT SLIDE.
SO YEAH, SO AGAIN, WE KIND OF HAVE COVERED THAT, BUT THE FINANCIAL ANALYSIS REALLY POINTS TO AMERICAN NATIONAL BANK.
UM, THEY HAVE THE HIGHEST INTEREST RATE OFFERS.
SO IF YOUR BALANCES GO HIGHER THAN THAT, UM, THEN THAT DIFFERENCE BETWEEN THEM AND THE, AND THE, YOU KNOW, UM, FIRST NATIONAL BANK IS GONNA DECREASE AND IT COULD EVEN EXCEED THAT BECAUSE THEIR INTEREST RATE WAS, WAS HIGHER, UM, THAN WHAT, UH, FIRST CONVENIENCE BANK OFFERED.
THEY'VE GOT A LITTLE BIT OF A LATER CUTOFF TIME FOR A CH AND THAT MAY BE BANKING JARGON.
IF YOU'RE NOT IN BANKING, THAT MAY NOT MEAN A WHOLE LOT.
WHAT THAT MEAN, HOW THAT IMPACTS THE CITY IS YOUR PAYROLL.
SO THE CITY NEEDS TO BE ABLE TO TURN IN THE, THE DIRECT DEPOSIT PAYROLL FILE BY A CERTAIN TIME.
THERE'S A CUTOFF TIME AND WITH, UM, FIRST NATIONAL CONVENIENCE, IT WAS 2:00 PM WITH AMERICAN NATIONAL BANK, IT WAS EITHER FOUR OR FOUR 30.
SO THAT, THAT EXTRA TWO HOURS MAKES A DIFFERENCE WHEN YOU'RE TRYING TO GET PAYROLL IN, YOU NEVER WANNA MESS UP PAYROLL, YOU WANNA MAKE SURE YOUR EMPLOYEES GET PAID SO THAT TWO HOURS IS NOT INSIGNIFICANT.
UM, AND AGAIN, THEY HAVE A STANDALONE BRANCH DRIVE THROUGH WITH DRIVE THROUGH FOR DEPOSITS AND A PREVIOUS POSITIVE EXPERIENCE.
SO THAT'S, THAT'S REALLY IMPORTANT TOO BECAUSE NOT ALL BANKS SERVICE PROVIDE SERVICE EQUALLY.
SO IT'S GOOD TO KNOW IT'S A SOUND BANK, GOOD REP, GOOD, UM, CUSTOMER SERVICE.
SO BASED ON ALL OF THIS, THE STAFF IS RECOMMENDING THAT THE COUNCIL WILL THE DEPOSITORY
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CONTRACT TO AMERICAN NATIONAL BANK AND VALUE CONCURS WITH THAT RECOMMENDATION.SO VERY, VERY SOLID RECOMMENDATION FOR THE REASONS OUTLINED HERE.
AND I'M HAPPY TO ANSWER ANY QUESTIONS YOU GUYS MAY HAVE FOR ME.
COUNSEL, HAVE ANY QUESTIONS? THIS ONE'S A PRETTY EASY ONE.
IF THERE'S NO QUESTIONS, DO WE HAVE A MOTION AND A SECOND FOR, FOR APPROVAL FOR THIS BANK? I'LL MAKE A MOTION TO APPROVE.
[6. Discuss and consider approving Resolution No. R2026-0820B regarding the proposed Fiscal Year 2026/2027 tax rate of $0.424488 per $100 of assessed valuation for the City of Wilmer, Texas; take a record vote on the proposed tax rate for the fiscal year beginning October 1, 2026, and ending September 30, 2027; set a public hearing; and authorize publication and posting of the required notice of the proposed 2026 tax year property tax rate. ]
NEXT ITEM, DISCUSS AND CONSIDER APPROVING RESOLUTION NUMBER R 2 0 2 6 DASH EIGHT TWO B REGARDING THE PROPOSED FISCAL YEAR 20 26 20 27 TAX RATE OF 0.4 2 4 4 8 8 PER $100 OF ASSESSED VALUATION FOR THE CITY OF WILMA, TEXAS.TAKE A RECORD VOTE ON THE PROPOSED TAX RATE FOR THE FISCAL YEAR, BEGINNING OCTOBER 1ST, 2026 AND ENDING SEPTEMBER 30TH, 2027.
SET A PUBLIC HEARING AND AUTHORIZED PUBLICATION AND POSTING OF THE REQUIRED NOTICE OF THE PROPOSED 2026 TAX YEAR PROPERTY TAX RATE.
MAYOR AND COUNSEL, THIS IS SOMETHING THAT IS REQUIRED BY, UM, THE TAX OFFICE.
THE STATE COMPTROLLER IT, YOU'RE NOT SETTING THE TAX RATE TODAY.
YOU'RE SETTING THE PROPOSED THAT YOU, YOU CAN UP TO THIS AMOUNT.
AND WE WENT THROUGH THIS LAST YEAR, I THINK YOU ALL REMEMBER THAT.
BUT THEY HAVE TO HAVE THIS VOTE THAT YOU ARE SETTING THE PROPOSED TAX RATE AT THE 0.42448 FOR A HUNDRED DOLLARS SUCCESS VALUATION.
WE WANT TO GO AHEAD AND PROPOSE IT UP TO THAT AMOUNT.
WE'RE SETTING THE PUBLIC HEARING FOR SEPTEMBER 3RD AND IT MAKES IT ALL OFFICIAL.
THEN I JUST SEND THAT FORM IN TO THE TAX ASSESSOR AND WE'RE DONE WITH THAT ONE.
DO WE HAVE A MOTION AND A SECOND MOTION TO APPROVE? SECOND THAT, CAN I HAVE A VOTE? YES.
[7. Discuss and consider approving Resolution No. R2026-0820C, designating an officer or employee to calculate the No-New-Revenue Tax Rate, Voter-Approval Tax Rate, and De Minimis Rate in accordance with Section 26.04 of the Texas Tax Code for Fiscal Year 2026/2027, and providing for an effective date. ]
DISCUSS AND CONSIDER APPROVING RESOLUTION NUMBER R 2 0 2 6 DASH EIGHT TWO C DESIGNATING AN OFFICER OR EMPLOYEE TO CALCULATE THE NO NEW REVENUE TAX RATE, VOTER APPROVAL TAX RATE, AND DIMIS RATE IN ACCORDANCE WITH SECTION TWO 6.04 OF THE TEXAS TAX CODE FOR FISCAL YEAR 20 26, 20 27, AND PROVIDING FOR AN EFFECTIVE DATE.MAYOR PRO TEMAN COUNSEL, THIS IS ALSO AN ADMINISTRATIVE RESOLUTION.
IT JUST LETS THE TAX OFFICE KNOW THAT THE CITY WANTS THEM TO CALCULATE THE TAX RATE, WHICH THEY ALREADY DID.
AND YOU HAVE IT IN YOUR PACKETS.
IT'S JUST AN, AN ADMINISTRATIVE RESOLUTION.
YOU APPROVE IT, I SEND IT IN TO THEM AND WE'RE DONE.
WE WILL NOW MOVE TO ADJOURNMENT.
THIS CONCLUDES OUR AGENDA FOR THIS EVENING.
AND IF THERE'S NO OTHER, NO FURTHER BUSINESS, THIS MEETING IS NOW ADJOURNED AT 7 49.
THANK YOU FOR ALL BEING HERE AND HAVE A GOOD EVENING.