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Council authorizes TexSTAR investment pool for city funds
Summary
The council voted 5–0 to authorize the TexSTAR investment pool as an authorized investment vehicle for Mount Enterprise, following a motion by Councilmember Mary Jo Baird, seconded by Councilmember Jacob Waldron; the minutes record acceptance of the TexSTAR resolution.
The Mount Enterprise City Council accepted a resolution to authorize the TexSTAR investment pool for use with city funds. Councilmember Mary Jo Baird moved to accept the resolution and Councilmember Jacob Waldron seconded; the minutes record a unanimous 5–0 vote.
The minutes do not include expected amounts to be transferred, risk analysis, or the effective date for use of TexSTAR; those administrative details are not specified in the transcript and would normally be included in investment-authorizing documents.
