Pegram board approves participation in Local Government Investment Pool
Summary
At a special called meeting Oct. 10, 2024, the Pegram Board of Mayor and Alderman unanimously approved Resolution 2024-197 to participate in the Local Government Investment Pool and transfer town funds to that pool; the vote was 3–0 and the meeting lasted about two minutes.
The Pegram Board of Mayor and Alderman voted unanimously Oct. 10 to approve Resolution 2024-197, authorizing the town to participate in the Local Government Investment Pool and to transfer town funds into that pool. Mayor Charles Morehead presided.
The resolution — titled "A Resolution to Approve Participation by the Town in the Local Government Investment Pool and Transfer of Town Funds to the Local Government Investment Pool" — was moved for approval by Alderman Miranda Montgomery and seconded by Alderman Randy Howington. The board recorded votes as Howington — yes; Montgomery — yes; Morehead — yes, and the motion carried.
The minutes note the measure had been discussed at the previous board meeting and that the resolution was needed to formalize participation. No public comments or concerns were recorded during the meeting. Town Attorney Martha Brooke Perry and Recorder Tina Morehead were listed as present; Aldermen Bob Sanders and Michael Paszek were recorded absent.
The meeting was called to order at 7:00 p.m. at 308 Hwy 70 at Lakeview Drive and adjourned at 7:02 p.m. The minutes were signed by Mayor Charles Morehead and Recorder Tina Morehead.
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