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Wimberley council approves routine financial reports, a water-agreement amendment and an enforcement action
Summary
The council unanimously approved the second-quarter investment report (staff moved $125,000 into TexPool), an amendment to the water volume reporting agreement with Wimberley Water Supply Corporation that includes several fee increases, and authorized enforcement litigation under Chapter 54 for a noncompliant property; staff also announced an executive session on real property with no subsequent action.
At its April 16 meeting the Wimberley City Council approved a package of administrative and legal actions covering investments, a contract amendment, and code enforcement.
Mister Potek presented the city's quarterly investment report and said staff moved $125,000 into TexPool to take advantage of higher yields. He described the current portfolio as roughly 69% "other funds," about 20% in TexPool and 12% in…
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