Central Laredo Municipal Management District accepts resignations, appoints director and adopts administrative measures

The Central Laredo Municipal Management District board on April 26 accepted the resignations of two directors, appointed Anthony Sullivan to fill a vacancy and approved a series of administrative measures to formalize the district’s operations.

The board moved unanimously to accept the resignation of Justin Heather, who left to accept employment in San Antonio, and to accept the resignation of Kadabad Forez, who said she needs to shift focus from board service. “He was very much an asset and helped us a lot up to this point,” the chair said in thanking Heather for his service.

Why it matters: The meeting completed several housekeeping items necessary to move the district from start‑up to regular operations — seating a replacement director, electing officers, adopting a scaled investment policy and designating a records address and bank — steps the district’s leaders said are prerequisites for administering assessments and public funds.

Key actions and outcomes - Appointment and oaths: The board appointed Anthony Sullivan to fill the vacancy for the remainder of Justin Heather’s unexpired term and administered the anti‑bribery and constitutional oaths on the record. Sullivan was then seated as a director. - Elections: Members elected Grayson Holloway as secretary, Jack Cruz as treasurer, Julian Arnowski as vice chair and Anthony Sullivan as chair; the motions carried with no recorded opposition. - Investment policy: The board replaced a previously adopted, El Paso–style investment policy with a simplified version recommended by city staff as better suited to the district’s size and staffing; the change passed unanimously. - Records and banking: The board designated 4320 University Boulevard, Laredo, Texas 78041 as the district’s principal office for records and public‑information administration, and approved a resolution naming International Bank of Commerce as the district depository. Director Grayson Holloway disclosed a conflict on the bank item and abstained; the resolution passed with that abstention. - Gifts and expenditures: The board ratified donated funds used to underwrite a 2024 downtown summit — $15,000 from the City of Laredo, $4,000 from Laredo Main Street and $36,500 from the Laredo Chamber of Commerce — and ratified related expenditures used for the summit and routine administrative costs. - Appraisal data payments: The board approved payment of $1,126.75 to the Webb County Appraisal District for certified appraisal‑roll data for the 2025 assessment year and authorized future payments not to exceed $5,000 for 2026 to support ongoing assessment work. - Governance: Members amended board rules to separate the duties of treasurer and investment officer, allowing the investment officer role to be held by an officer, employee or contractor; the board then appointed Oscar Leuga as the district’s investment officer under Texas Government Code chapter 2256.

The board’s actions were procedural and focused on establishing administrative capacity rather than adopting new policy or assessments. Several motions passed unanimously; the bank depository resolution passed with one abstention after a director disclosed a conflict of interest.

Next steps: Several items will require follow‑up outside the meeting: the city council must process any required confirmations for board appointments, the district will finalize bank and collateral agreements with IBC, and the new investment officer is expected to begin required training and to provide monthly investment reports to the board.