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Council approves amended META investment policy; county already approved earlier
Summary
Council approved Resolution 29 to adopt the amended and restated investment policy for the Moffett County Economic Development Authority (META); the county commissioners had approved the same policy earlier the same day.
Council voted to approve Resolution 29, which adopts the amended and restated investment policy for the Moffett County Economic Development Authority (META).
"The resolution included in your packet, resolution 29, before you concerns the amended and restated investment policy of the Moffett County Economic Development Authority," city staff told council, explaining that under META's establishment agreement, amendments require approval by both participating parties. Commissioner Tony Bouyer, who attended on behalf of the county, told council the county commissioners approved the policy earlier that day and explained the resolution also adjusts member term dates to align appointments across boards.
Councilman Tucker moved to approve Resolution 29; Councilwoman Gottschall seconded and the motion passed by voice vote with Councilman Duran and Councilwoman Linscomb recorded as abstaining from that item due to disclosed potential conflicts.
