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Council approves signatory updates, appraisal-district nominations and TIRZ chair

City Council of the City of Mineral Wells, Texas · October 2, 2024
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Summary

Council approved a series of housekeeping actions Oct. 1: updated city and EDC bank signatories after the finance director’s departure, removed a former signatory from investment accounts (TexPool/TexStar), nominated five individuals to the Parker County Appraisal District board with equal votes and appointed Scott Elder chair of TIRZ No. 2; all motions carried 5-0.

The Mineral Wells City Council approved multiple administrative resolutions and appointments during its Oct. 1 meeting, taking routine but necessary housekeeping steps following staff changes.

Staff explained that the recent departure of the finance director required removing Jason Bridal as a signatory on city bank accounts and investment accounts; the council approved a resolution to remove him and temporarily require two signatories (Speaker 4 and the city clerk) for certain investment transactions. The council also approved an Economic Development Corporation resolution to update EDC signatories; staff said they will present the new EDC president/chair information when available.

On nominations for the Parker County Appraisal District Board of Directors, staff recommended five nominees (Cody Lane, Jerry Durant, John Hinton, Richard Barrett and Sterling Naron) and the council voted to equally distribute the city’s 10 votes among the five candidates. The council also appointed Scott Elder as chair of the Tax Increment Reinvestment Zone (TIRZ) No. 2 board for a one-year term following a resignation.

Each motion was approved by voice vote and recorded as 5-0.