A. Regular Meeting
Subject
1. Call to Order: The Municipal Development District Board of the City of Sachse will hold a Regular Meeting on Thursday, April 13, 2023, at 7:00 p.m. to consider the following items of business:
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Procedural
File Attachments
A. Regular Meeting
Subject
2. Invocation and Pledge of Allegiance to the U.S. and Texas Flags.
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Procedural
File Attachments
A. Regular Meeting
Subject
3. Public Comment: The public is invited at this time to address the Board. Please come to the microphone and state your name and city of residence for the record. However, if your remarks pertain to a specific agenda item that will include action/vote, please hold them until that item, at which time the presiding officer will solicit your comments. The time limit is 3 minutes per speaker. The Board is prohibited by state law from discussing any item not posted on the agenda according to the Texas Open Meetings Act but may take comments under advisement. Issues raised may be referred to City staff for research and possible future action.
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Information, Procedural

Those who wish to speak may fill out a form or email the City Secretary prior to the meeting.

File Attachments
A. Regular Meeting
Subject
4. Consider approval of the January 19, 2023, meeting minutes.
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Action, Minutes
Recommended Action
Approve the meeting minutes as presented.
Minutes
View Minutes for Jan 19, 2023 - Municipal Development District Board Meeting
File Attachments
01.19.23 MDD Board Minutes.pdf (15 KB)
Motion & Voting
Approve the meeting minutes as presented.

Motion by Valarie Pike, second by Richard Fricks.
Final Resolution: Motion Carries
Yes: George Kemper, Jermaine McDaniel, Valarie Pike, Michael Wilson, Ian Bailey, Richard Fricks
A. Regular Meeting
Subject
5. Accept the Quarterly Investment Report for the quarter ending December 31, 2022.
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Action (Consent)
Recommended Action
Accept the Quarterly Investment Report for the quarter ending December 31, 2022.

BACKGROUND

The Finance Department provides a Quarterly Investment Report to provide an overview of investment activity details for Checking, Money Market, Investing Pool, and Certificate of Deposit accounts.

 

Beginning with the current quarter, the format of the investment report has been revised to eliminate redundancies and to make the report more understandable.

 

POLICY CONSIDERATIONS

Texas Government Code 2256.023 of the Public Funds Investment Act (PFIA) requires not less than quarterly, the investment officer prepare and submit a written report of investment transactions for all funds covered by the Investment Policy. The City's Investment Policy is to invest public funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow demands of Sachse and conforming to the PFIA and all other State and local statutes governing the investment of public funds.

 

RECOMMENDATION

Accept the Quarterly Investment Report for the quarter ending December 31, 2022.

File Attachments
Quarterly Investment Report FY 2023 Q1 2023.12.31.pdf (2,037 KB)
Motion & Voting
Accept the Quarterly Investment Report for the quarter ending December 31, 2022.

Motion by George Kemper, second by Michael Wilson.
Final Resolution: Motion Carries
Yes: George Kemper, Jermaine McDaniel, Valarie Pike, Michael Wilson, Ian Bailey, Richard Fricks
A. Regular Meeting
Subject
6. Discuss and receive an update on the J.K. Sachse Park and Heritage Park expansion
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Discussion, Information
Goals
Provide excellent government services to Sachse citizens.
Provide a high quality of life environment for families, individuals, businesses, and other organizations in Sachse.
Strategically invest in the City's existing and future infrastructure.

 

 

File Attachments
A. Regular Meeting
Subject
7. Set upcoming Board meeting date.
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Discussion, Information

 

 

File Attachments
A. Regular Meeting
Subject
8. Adjournment.
Meeting
Apr 13, 2023 - Municipal Development District Board Meeting
Type
Procedural
File Attachments