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Board reopens consent agenda and amends minutes to name bank signers for revolving credit line
Summary
The board reconsidered the consent agenda and amended minutes from Feb. 3, 2026, to list President Patrick Spies and Executive Director David Funk as authorized signers for a revolving line of credit with Texas First Bank after the bank requested signers be named by person rather than position.
The board voted to reconsider its prior unanimous approval of the consent agenda so it could amend the minutes and satisfy a bank request tied to a revolving line of credit with Texas First Bank. Legal counsel explained the bank wanted minutes showing the authorized signers by name rather than by position. The board subsequently approved an amendment to the Feb. 3, 2026 minutes to identify the president and executive director by name: Patrick Spies and David Funk.
Legal counsel noted the agenda item as posted asked for approval of a resolution and that the bank had not provided a form resolution; staff and the board agreed a motion to amend the minutes would satisfy the bank’s request. The motion to reconsider passed, the consent agenda was reopened, item 5a was pulled for amendment and the amended minutes were approved by voice vote. The board recorded that naming the signers was a bank procedural requirement and not a change to the credit line’s terms.
