San Luis trustees approve resolution to bar former broker Susan Posada from trust

The Board of Trustees of the City of San Luis on June 24, 2025, approved Resolution 2025-01, a measure to permanently bar former broker Susan Posada from providing services to the city's employee benefit trust.

Kaye McQuill, the board's general counsel, told trustees the item before them was "to approve a letter to Susan Posada ... to bar her from serving the trust." After McQuill's explanation, an unidentified board member moved to approve the resolution "as presented," a second was recorded and the motion passed.

The resolution was introduced as Item 5a and was described in the agenda as "a resolution of the board of trustees of the city of San Luis employee benefit trust, permanently barring a former broker from providing services to the board, repealing conflicting provisions, and providing for severability." No questions were raised by board members before the motion to adopt the resolution was made.

Earlier in the meeting trustees voted to hold an executive session "pursuant to ARS section 38 dash 4 4 31.0313 and 4" to discuss certain claims under the employee benefits plan and to consult with the city attorney for legal advice; the board later reconvened to the special meeting and proceeded with the resolution vote. The meeting record notes Vice Chairwoman Emma Torres participated remotely via Teams.

The chair adjourned the meeting at 03:53. The board did not provide additional public detail in the meeting transcript about the basis for the ban or its effective date beyond the text of the resolution; the resolution file and any related correspondence were not included in the transcript record.