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Council accepts quarterly investment report; bond issuance item included in consent agenda
Summary
At the May 20 meeting the council accepted the investment officer's second‑quarter report showing investment returns that staff said exceeded $4.8 million. The consent agenda also included an ordinance authorizing issuance of $33 million in general obligation bonds; the consent package (items 9–21) passed unanimously.
The council accepted the City of Carrollton’s investment officer second‑quarter report during the May 20 meeting and approved a consent agenda that included an ordinance authorizing general obligation bonds.
Councilmember Daisy Palomo, who serves on the Finance Committee, recommended acceptance of the investment report and told council the quarter’s earnings "exceeded $4,800,000." Staff noted the item had been reviewed by the Finance Committee prior to council consideration.
Also on the consent agenda (items 9–21) was a City of Carrollton ordinance for general obligation bonds in the amount of $33,000,000 (item 18). The council approved consent agenda items 9–21 by motion (moved by Councilmember Palacios, seconded by Councilmember Palomo) and a unanimous roll‑call vote among those present. Later in the meeting staff said the city retained a triple‑A credit rating from Fitch and credited conservative budgeting and financial policies for lower borrowing costs.
The consent agenda also included multiple purchasing and contract authorizations: example items included authorizations for a $5.5 million street reconstruction contract, a $134,007 purchase of two Ford F‑250 trucks, and contract renewals for payment processing and sampling services; full details were included in the consent agenda packet.
