STEPHENVILLE TEXAS  REGULAR CITY COUNCIL MEETING City Hall Council Chambers, 298 West Washington Street Tuesday, August 06, 2024 at! 5:30P PM  MINUTES  The City Council of the City of Stephenville, Texas, convened on Tuesday, August 06, 2024, ini the City Hall Council Chambers, 298 West Washington Street, for the purpose of a Regular City Council Meeting, with the meeting being open to the public and notice ofs said meeting, giving the date, time, place and subject thereof, having been posted as prescribed by Chapter 551, Government Code, Vernon's Texas Codes Annotated, with the following  members present, to wit: COUNCIL PRESENT:  Mayor Doug Svien Council Member LeAnn Durfey Council Member Gerald Cook Council Member Lonn Reisman Council Member Dean Parr Council Member Maddie Smith Council Member David Baskett Council Member Brandon Greenhaw Council Member Alan Nix  COUNCIL ABSENT: OTHERS ATTENDING:  Jason King, City Manager Randy Thomas, City Attorney Sarah Lockenour, City Secretary  CALLTOORDER PLEDGES OF ALLEGIANCE INVOCATION  Mayor Svien called the Regular City Council Meeting to order at 5:30 PM.  Council Member Gerald Cook led the pledges to the flags of the United States and the State of Texas.  Invocation voiced by Christi Barnes, Timber Ridge Church  CITIZENS GENERAL DISCUSSION  Lee Munz gave the City Council a brief update on the National Rambouilet that was sponsored through HOT Freddie Goble, 413 Bluebonnet Street, addressed Council regarding code compliance issues around town.  Funds.  Regular City Council Meeting Minutes - August 06, 2024  Page I1    REGULAR. AGENDA  1. City Secretary Records Management Update 2. Set the Maximum Proposed Tax Rate for 2024  City Secretary Sarah Lockenour gave a quarterly update on the records management project.  City Manager Jason King presented this item to the council.  Staff recommend setting the maximum proposed tax rate for 2024 to the voter approval rate of $0.3829 per $100 of taxable value. The maximum proposed tax rate is the highest tax rate that the MOTION by Doug Svien, second by Alan Nix, to set the maximum proposed tax rate to $0.3829 per $100  Council will be able to adopt after the tax rate hearing. of taxable value. MOTION CARRIED unanimously by record vote:  Place 1, LeAnn Durfey - for Place 2, Gerald Cook- - for Place 3, Lonn Reisman - for Place 4, Dean Parr - for Place 5, Maddie Smith - for Place 6, David Baskett - for Place 7, Brandon Greenhaw- - for Place 8, Alan Nix- - for  3. Set Date, Time, and Location of Public Hearing on Proposed Tax Rate for 2024  MOTION by David Baskett, second by Gerald Cook, to set the Public Hearing on Proposed Tax Rate for 2024 on September 17, 2024 at 5:30 PM in the City of Stephenville Council Chambers at City Hall.  MOTION CARRIED unanimously. 4. Citizen Budget Requests  City Manager. Jason King presented this item tot the Council. Citizen Budget Requests were received for the following: Designated Pickleball courts with shade awnings (5)  6Pickleball courts Dog Park  Invest $150,000.00  5. RECESSTOTIRZ BOARD MEETING  Doug Svien recessed the Regular City Council meeting at 5:47 PM1 to enter into the TIRZ Board meeting.  6. RECONVENE TO REGULAR CITY COUNCIL MEETING  Doug Svien reconvened the Regular City Council meeting at 5:50P PM.  Regular City Council Meeting Minutes August 06, 2024  Page 12    7. Consider Approval of Expenditures in Tax Increment Reinvestment Zone 1C  MOTION by Maddie Smith, second by David Baskett, to approve the expenditures in Tax Increment Reinvestment Zone 1c as discussed in the TIRZ Board meeting. MOTION CARRIED unanimously. 8. Consider Approval of the City of Stephenville and SISD School Resource Officer (SRO) Annual  Memorandum of Understanding 2024-2025  Chief of Police Dan Harris presented this item to the Council.  The mission of the SRO program, under this agreement, is to place community policing officers in designated schools within SISD to build working relationships with schools, students, and parents; to address on-site: security; to combat school violence; to provide drug abuse and crime prevention education; to serve as positive role-models for students; and to provide a direct link with the police This year's request is for (3) SRO Police Officers, two will bet full-time this year and one will be filled via off-duty officer employment for coverage of the third SRO Police Officer assigned to SISD. This This month the SISD: School Board will meet to approve the City of Stephenville: and SISD SRO annual The city will provide one patrol car for each SRO, uniforms and equipment along with required MOTION by LeAnn Durfey, second by Lonn Reisman, to approve the SRO Annual MOU with Stephenville  department.  MOU is valid for the 2024- -2025 school year. memorandum of understanding.  training. All personnel costs are the responsibility of SISD. ISD as presented. MOTION CARRIED unanimously.  PLANNING AND: ZONING COMMISSION Steve Killen, Director of Development Services 9. Case No.: RZ2024-009  Applicant Zane Cole is Requesting a Rezone of Property Located at 185 W Park, being Parcel R31466, $3500 FREY FIRST ADDITION, BLOCK 35; LOT7;8, of the City of Stephenville, Erath County, Texas from  Single Family Residential (R-1) to Integrated Housing District (R-2.5) Director of Development Services Steve Killen presented this item to the Council.  The property has current zoning of Single Family Residential with Future Land Use being Retail and Commercial. The applicant is requesting a rezone to construct an additional single-family home. R- 2.5 zoning includes single-family homes as permitted use with lot dimension requirements being 50'x60'. Currently, this area is predominantly legal, non-conforming residential use. The Planning and Zoning Commission convened on. July 17, 2024. The motion to approve the rezone request failed by a vote of 4-3. Therefore, pursuant to the Rules and Procedures, the case is  forwarded to the City Council with no recommendation.  Property Owner Zane Cole addressed the Council regarding this rezone request.  10. PUBLIC HEARING Case No.: RZ2024-009  Mayor Svien opened the Public Hearing at 6:01 PM. No one addressed the Council regarding 185 W. Park.  Regular City Council Meeting Minutes - August 06, 2024  Page I3    Mayor Svien closed the Public Hearing at 6:01:50 PM.  11. Consider Approval of an Ordinance Rezoning Property Located at 185 WI Park, being Parcel R31466, $3500 FREY FIRST ADDITION, BLOCK 35; LOT 7 and 8 of the City of Stephenville, Erath County, Texas MOTION by Gerald Cook, second by Maddie Smith, to approve Ordinance No. 2024-0-18 rezoning property located at at 185 W Park, being Parcel R31466, $3500 FREY FIRST ADDITION, BLOCK 35;LOT7 and 8 of the City of Stephenville, Erath County, Texas from Single Family Residential (R-1) to Integrated  from Single Family Residential (R-1) to Integrated Housing District (R-2.5)  Housing District (R-2.5). MOTION CARRIED unanimously.  12. Case No.: PD2024-001  Applicant Southwestern Pigeon Rd, LLCi is Requesting a Rezone of Property Located at 315 FM 2303, Parcel R65090 being Acres 3.020, A0520 MENEFEE. JARRETT;and Parcel R22587, being 91.830 acres of the A0520 of MENEFEE. JARRETT; HOUSE & BARN, tot the City of Stephenville, Erath County, Texas from  Single Family Residential (R-1) and to Planned Development (PD) Director of Development Services Steve Killen presented this item to the Council.  This property was voluntarily annexed on May 7, 2024. On May 15, 2024, a Conceptual Plan was presented to the Planning and Zoning Commission for the 94.8-acre property. The applicant returned to the Planning and Zoning Commission on July 17, 2024. requesting approval of the Development Plan and assignment of zoning to Planned Development. Water, sewer, and drainage plans have been submitted and staff comments were provided on June 28. The site plan has been reviewed by Development Services, Public' Works and Fire. Certain modifications have been made to the site plan in response to comments received on from the Conceptual Plan presentation including increasing side and rear yard setbacks to 30' (requirement is 10' and 20", respectively). Landscape buffering will also be provided and storage building heights have been reduced. The Planning andz Zoning Commission convened on. July1 17,2024. The motioni to approve the rezone request failed byav vote of4 4-2-1 (one abstention). Therefore, pursuant tot the Rules and Procedures, John Allengerrepresenting: Southwestern Pigeon Rd, LLC gave a presentation on the development to the  the case ist forwarded to the City Council with no recommendation.  Council. 13. PUBLICI HEARING Case No.: PD2024-001  Mayor Svien opened the Public Hearing at 6:46 PM.  The following addressed the Council in opposition of the rezoning:  Karen Dickens, 2537 N State Hwy 108 Cassie Hammond, 909 FM: 2303 Judy Addison, 381 FM: 2303 Kim Winfrey, 615 FM2 2303 Christi Barnes, 11586 FM: 2156 Developer Cole Parks spoke int favor of ther rezone. Mayor Svien closed the Public Hearing at 7:11 PM.  14. Consider Approval of an Ordinance Rezoning Property Located at 315 FM 2303, Parcel R65090 being Acres 3.020, A0520 MENEFEE JARRETT; and Parcel R22587, being 91.830 acres of the A0520 of MENEFEE. JARRETT;HOUSE & BARN, tot the City of Stephenville, Erath County, Texas from Single Family  Residential (R-1) and to Planned Development (PD)  Regular City Council Meeting Minutes - August 06, 2024  Page 14    MOTION by Gerald Cook, second by David Baskett, to approve Ordinance No. 2024-0-19 rezoning property locatedat315FM2303, Parcel R65090 being Acres 3.020, A05201 MENEFEE JARRETT,andF Parcel R22587, being 91.830 acres of the A0520 of MENEFEE JARRETT; HOUSE & BARN, to the City of Stephenville, Erath County, Texas from Single Family Residential (R-1)andt to Planned Development (PD). Af friendly amendment was requested by Doug Svien to include the authorization of the City Manager to negotiate with the developer regarding the Park Land Dedication. The amendment was seconded by MOTION by Gerald Cook, second by David Baskett, to approve Ordinance No. 2024-0-19 as amended rezoning property located at 315 FM 2303, Parcel R65090 being Acres 3.020, A0520 MENEFEE JARRETT; and Parcel R22587, being 91.830 acres of the A0520 of MENEFEE JARRETT; HOUSE & BARN, to the City of Stephenville, Erath County, Texas from Single Family Residential (R-1) and to Planned Development  Brandon Greenhaw.  (PD). MOTION CARRIED unanimously.  NOMINATIONS COMMITTEE Maddie Smith, Chair  16. Nominations Committee Report  Committee Chair Maddie Smith presented the Nominations Committee Report from. June 18, 2024. The committee met on. June 18, 2024, to review applications for Citizen Boards and Commissions The Nominations Committee received following nominations: Board of Adjustment (one vacancy) Tina Virgin; Library Advisory Board (one vacancy) Lisa Latouche and Mike Jones; Stephenville Type B Economic Development Authority (two vacancies) Mark McClinton and. Justin Haschke The following boards did not receive any nominations but do have vacancies and are accepting nominations: Main Street Advisory Board (one vacancy); Planning & Zoning Commission (one vacancy with two alternates); Western Heritage Advisory Board (one vacancy with three Ex-Officio  with the discussion led by committee chair Maddie Smith.  members) Board of Adjustment  The following recommendations were made:  MOTION by Maddie Smith, second by LeAnn Durfey, to recommend Tina Virgin for Place 3 of Board of Adjustment. MOTION CARRIED unanimously. Tina Virgin will be invited for an interview with  Council. July 2. Library Advisory Board  The committee chair would like to table this recommendation until the next Committee meeting. MOTION by Alan Nix, second by LeAnn Durfey, to recommend moving Justin Slawson from Alternate 1t to Place 2 of the Planning and Zoning Commission. MOTION CARRIED unanimously. MOTION by Maddie Smith, second by Alan Nix, to recommend moving James Stephenson from Alternate 21 to Alternate 1 of thel Planning and Zoning Commission. MOTION CARRIED unanimously.  Planning and Zoning Commission  Stephenville Type B Economic Development. Authority  Regular City Council Meeting Minutes - August 06, 2024  Page 15    MOTION by Maddie Smith, second by Alan Nix, to recommend Justin Haschke for Place 7 of Stephenville Type B Economic Development Authority. MOTION CARRIED unanimously. Justin MOTION by Maddie Smith, second by Lonn Reisman, to recommend Mark McClinton for Place 8 of Stephenville Type B Economic Development Authority. MOTION CARRIED unanimously. Mark  Haschke will bei invited for an interview with Council July2.  McClinton will be invited for an interview with Council July 2.  Western Heritage Advisory Board  MOTION by LeAnn Durfey, second by Maddie Smith, to recommend moving Angie Ayers from Ex- Officio Place 11 to Place 40 of the Western Heritage Advisory Board. MOTION CARRIED unanimously.  17. Consider Approval of Nominations to Citizen Boards and Commissions  Planning and. Zoning Commission  MOTION by Maddie Smith, second by Alan Nix, to move. Justin Slawson from Alternate 1to Place 2 MOTION by Maddie Smith, second by Brandon Greenhaw, to move James Stephenson from Alternate 2t to Alternate 1 of the Planning and Zoning Commission. MOTION CARRIED unanimously. MOTION by Maddie Smith, second by LeAnn Durfey, to move Angie Ayers from Ex-Officio Place 1 to Place 4 of the Western Heritage Advisory Board. MOTION CARRIED unanimously.  of the Planning and Zoning Commission. MOTION CARRIED unanimously.  Western Heritage Advisory Board  Stephenville Type B Economic Development. Authority  Justin Haschke was in attendance and interviewed by the Council.  MOTION by Maddie Smith, second by Gerald Cook, to approve Justin Haschke for Place 7 of Stephenville Type BI Economic Development Authority. MOTION CARRIED unanimously.  Mark McClinton was in attendance andi interviewed by the Council.  MOTION by Maddie Smith, second by Lonn Reisman, to approve Mark McClinton for Place 8 of Stephenville Type BI Economic Development Authority. MOTION CARRIED unanimously.  Board of Adjustment  Tina Virgin was in attendance and interviewed by the Council. Adjustment. MOTION CARRIED unanimously.  MOTION by Maddie Smith, second by David Baskett, to approve Tina Virgin for Place 3 of Board of  DEVELOPMENT: SERVICES COMMITTEE Gerald Cook, Chair  15. Development Services Committee Report Report from. July 16, 2024.  Development Services Committee Chair Gerald Cook presented the Development Services Committee As a continuation of discussion from June 18, 2024, Chairman Cook briefed the Committee on current permitted uses of the Retail and Commercial District which preclude automobile paint and body repairs shops as permitted use with the Retail and Commercial District. At the direction of  Regular City Council Meeting Minutes - August 06, 2024  Page 16    the Committee from the. June meeting, staff provided four options for consideration: 1. Consider categorizing all auto-related uses currently listed as "permitted uses" as "conditional uses." With this approach, the Committee may review other, non-auto related "permitted uses" to soften uses within the B-2 district. Existing businesses would continue operation under the non-conforming use provision of the land-use regulations. 2. Make Auto Paint and Body Shop/Repair a conditional use within the B-2 district. 3. Take no immediate action with the understanding that these items may ultimately be addressed under the new Comprehensive Plan (if so adopted) and subsequently The Committee, by unanimous vote, opted to recommend the City Council take no further action.  revised land-use regulations. 4. Take no action.  PUBLICWORKS COMMITTEE Alan Nix, Chair  18. Public Works Committee Report  Public Works Committee Chair Alan Nix presented the Public Works Committee Report from July 16, Agenda Item 1: Discussion of 2023-R-08 Renaming of Northwest Loop to. Senator Robert. J. Glasgow The renaming of Northwest Loop (FM 988) was discussed. It was noted the name was changed by formal council action from Northwest Loop to Senator Robert J. Glasgow in 2023. Several individuals spoke in favor of honoring Senator Glasgow's legacy with some advocating the name change in at formal manner and some supporting an honorary name change. No action was taken  2024. Loop  by the committee.  Agenda Item 2: Discussion of Proposals) for 2024 WWTP Capital Projects  Belt Filter Press Refurbishment  Aproposal was presented from Andritz eparatonlechnologes, Inc. to refurbish thel belt filter press at the wastewater treatment plant. It was noted Andritz is the manufacturer and the sole source for replacement parts. It was also noted ample funds were approved ini the FY23- 24 budget for this specific work. Thet total cost is $305,345.00 with an equipment lead time of Following discussion, a motion was made by Mr. Cook, seconded by Mr. Parr, to forward a positive recommendation toi thet full council to approve the proposal as presented. The committee voted unanimously to forward a positive recommendation to the full council to approve the proposal from Andritz Separation Technologies, Inc. as presented.  18-20 weeks.  Conveyor System Repairs  Proposals were presented from Parkson Corporation for budgeted repairs to the sludge conveyor system that works ini tandem with the belt filter press at the wastewater treatment plant. It was noted Parkson is ther manufacturer and the sole source for replacement parts for the conveyor. It was also noted ample funds were approved in the FY23-24 budget for this specific work. Thet total cost is $49,963.60 with an equipment lead time of 9-11 weeks. Following discussion, a motion was made by Mr. Nix, seconded by Mr. Cook, to forward a positive recommendation to the full council to approve the proposal as presented. The committee voted unanimously to forward a positive recommendation to the full council  toa approve the proposal from Parkson, Inc. as presented.  Aeration Basin Drives  Regular City Council Meeting Minutes - August 06, 2024  Page 17    A proposal from Evoqua Water Technologies was presented to replace two failing aeration drives at the wastewater treatment plant. It was noted ample funds were approved in the FY23-24 budget for replacement of these specific drives. The total cost is $94,523.80 with an Following discussion, a motion was made by Mr. Cook, seconded by Mr. Parr, to forward a positive recommendation to the full council to approve the proposal as presented. The committee voted unanimously to forward a positive recommendation to the full council toapprove the proposal from Evoqua Water Technologies, Inc. as presented. Agenda Item 3: Consider. Abandonment of Public Works Infrastructure in Creekside Apartment An overview of the public water infrastructure at the Creekside apartment complex development, located at 1000 Lingleville Highway, was presented. Ity was noted the development was constructed inz 2016 and contained public water lines, hydrants and approximately 442 individual water meters. Itwas further noted that the complex accounts for approximately six percent of the city's water meters, but accounts for approximately 30 percent of routine work orders. Update: Meter/Vault combination- Installation Estimate- Estimated Lead Time $59,108.55 $50,000.00 24-weeks. Following discussion, the committee directed staff to present a policy change to address the use of It was recommended to review updated cost data and a policy to address this specific issue at the The city manager presented al brief history of pro-rata fees indicating pro-rata fees were developed to recoup the installation costs of water and sewer infrastructure as property owners connect to those utilizes. It was noted that some pro-rata fees date back over 30 years. It was also noted residential pro-rata fees have been previously repealed and it was suggested pro-rata fees for commercial development also be repealed. It was further noted developers have other Following discussion, a motion was made by Mr. Cook, seconded by Mr. Parr, to repeal or amend The committee voted unanimously to forward a positive recommendation to the full council to  approximate lead time of 10-12 weeks.  single and individual metering of similar developments. August 6, 2024 Regular Business Meeting. Agenda Item 4: Discussion of Pro-Rata Fees  mechanisms available, as private entities, to assist with cost recovery.  the original pro-rata ordinance.  repeal or amend the original pro-rata ordinance.  19. Consider Approval of Proposal for Refurbishment of the Belt Filter Press filter press as presented. MOTION CARRIED unanimously. 20. Consider Approval of Proposal for Rehab of the Solids Conveyor System system as presented. MOTION CARRIED unanimously.  MOTION by Alan Nix, second by Leann Durfey, to approve the proposal for refurbishment of the belt MOTION by Alan Nix, second by Maddie Smith, to approve the proposal of rehab of the solids conveyor MOTION by Alan Nix, second by Maddie Smith, to approve the proposal for replacement of two aeration 22. Consider Ordinance to Abandon Public Infrastructure int the Creekside Townhomes Development MOTION by Alan Nix, second by Dean Parr, to approve Ordinance No. 2024-0-20 to abandon the public infrastructure! int the Creekside Townhomes Development as presented. MOTION CARRIED unanimously.  21. Consider Approval of Proposal for Replacement of Two Aeration Basin Drives  basin drives as presented. MOTION CARRIED unanimously.  Regular City Council Meeting Minutes = August 06, 2024  Page 18    23. Consider Approval of Master Meter Policy  MOTION by Alan Nix, second by Gerald Cook, to modify the Engineering Standards Manual to include  policy 1.11 Master Meter and Sub-Metering. MOTION CARRIED unanimously.  24. Consider Ordinance to Repeal of Pro-Rata Policy Rata Policy. MOTION CARRIED unanimously. TOURISM AND VISITORS BUREAU COMMITTEE  MOTION by Alan Nix, second by Maddie Smith, to approve Ordinance No. 2024-0-21 repealing the Pro-  LeAnn Durfey, Chair  25. Tourism and Visitors Bureau Committee Report from July 16, 2024  Tourism and Visitors Bureau Committee Chair LeAnn Durfey presented the committee report from. July  16, 2024.  Review Stephenvileslodging Performance Review - Year to Date  The committee met on July 16, 2024, to review Stephenville's Lodging Performance Review-Year to Date. The presentation was made by Administrative Services Director Darrell Brown. As requested by the Mayor, I'm presenting you information from the Texas Hotel Lodging Performance Report. For our newest Council members, this report is what Tourism reviews to compare our lodging activity with 4 other cities that have been self-selected. 1st Quarter of 2024 - Stephenville had 520 rooms. This includes Airbnb's E In 2023 our total The sixth column Source Strategies Estimated Occupied Rooms for us is 57.20%1 for this quarter Estimated Rooms Sold is $27,216 with a Fair Market Share which list us 3rd of the 5 at 18.07%  room count was 493. (27 room increase)  and last year we ended at 60.40% estimated occupancy D  and our Average Daily Ratei is $99.64. No action was taken at this time. Main Street Advisory Board Quarterly Update  The committee met on. July 16, 2024, to review the Main Street Advisory Board Quarterly Update.  The presentation was made by Main Street Manager Ashley Thomas.  FINANCIAL REPORTS Monica Harris, Director of Finance  26. Monthly Budget Report for the Period Ending June 30, 2024  Director of Finance Monica Harris presented the monthly budget report as follows:  Inr reviewing the financial statements ending. June 30, 2024, the financial indicators are overall as or Property Tax Collections: We received $33K in property taxes in the month of June, resulting in a $278K increase over the funds collected last fiscal year to date. The amount collected is slightly Sales and Use Tax: We received $765K in sales taxi in. June, resulting in $205K or 3% more than the funds collected last fiscal year to date. The amount collected is 78% of the $9.4 million budget,  better than anticipated.  over 100% of the $7.3 million budget, which is $102K more thana anticipated.  which is $500K higher than anticipated.  Regular City Council Meeting Minutes - August 06, 2024  Page 19    Revenue (by fund): Of the $36 million revenue received to date, 57% was received in the General Fund, 25% was received in the Water/Wastewater: Fund, 8% was received in the Capital Projects Revenue (budget VS. actual): We received 84% of the total budgeted revenues through June, which is $2.2 million moret than anticipated duet to taxes, building permits, intergovernmental, charges for Revenue (prior) year comparison): Wer received $1.3 million less revenue through. June than last fiscal Expenditures (by fund): Of the $40 million spent to date, 46% was expended in the Water/Wastewater Fund, 40% was expended ini the General Fund, 4% was expended in the Capital Projects Fund, 3% was expended in the Debt Service Fund, 2% was expended in the Storm Fund and Expenditures (budget VS. actual): We have expended 54% of the total budgeted expenditures through June, which is $18.5 million less than anticipated due to personnel, contractual, capital Expenditures (prior year comparison): We spent $5 million less in expenditures through June than SEDA Revenue Comparison: SEDA has received an overall 83% of budgeted revenue through June, which is $27K more than last fiscal year to date and $86K more than anticipated due to taxes and SEDA Expenditure Comparison: SEDA has spent an overall 26% of budgeted expenditures through June, which is $272K less than last fiscal year to date due to grant disbursements and $832K less  Fund and 3% was received in the Landfill Fund.  services, andi interest income.  year to date duei to debt proceeds received in the prior year.  2% was expended in the Landfill Fund.  outlay, and transfers.  last fiscal year to date due to capital outlay and transfers.  interest income.  than anticipated due to contractual, capital outlay, and grant disbursements.  27. Quarterly Investment Report for the Period Ending. June 30, 2024  Director of Finance Monica Harris presented the Quarterly Investment Report as follows:  The City of Stephenville's total market value of cash and investments on June 30, 2024, was $ 50,859,722. This is allocated 5% in demand accounts, 3% in cash/money market accounts, 2% in Certificates of Deposits, 42% in TexStar investment pool, and 48% in TexPool investment pool. We earned $677K ini interest for the quarter. The average yield to maturity for all account types fori the quarter was 5.14%. The average yield to maturity for investment accounts for the quarter was 5.43%. The average yield to maturity for a 3-month treasury bill for the quarter was 5.25%. The  weighted average maturity in days of the portfolio was 3.22 days.  STEPHENVILLE ECONOMIC DEVELOPMENT AUTHORITY REPORT  Jeff Sandford, Executive Director  SEDA Executive Director Jeff Sandford gave a shout out to Tarleton Student Conner Prince who competed the Mr. Sandford gave a brief presentation of upcoming projects anticipated in the next six to nine months.  2024 Summer Olympics for shooting.  CONSENT AGENDA  28. Consider Approval of Minutes July 2, 2024 Regular City Council Meeting Minutes - August 06, 2024  Page 10    29. Consider. Approval of Minutes July 16, 2024  30. Consider Award of the 2024 Airport Apron Maintenance Project  MOTION by Alan Nix, second by David Baskett, to approve Consent Agenda items as presented.  MOTION CARRIED unanimously. COMMENTS BY CITY MANAGER  We will be having budget hearings August 7th and gth at 5:30 PM. Committee meetings will be held August 20th at 5:30P PM. Tarleton's125" celebration will be held September 3rd.  Tarleton Move In is August 15-18. Stephenville ISD begins August 14th.  COMMENTS BY COUNCIL MEMBERS EXECUTIVE SESSION 8:02 PM.  Mayor Doug Svien recessed the Regular City Council meeting at 7:58 PM and entered into Executive Session at Inc compliance with the provisions of the Texas Open Meetings Law, Subchapter D, Government Code, Vernon's 31. Section 551.072 Deliberation Regarding Real Property to deliberate the purchase, exchange, lease, 32. Section 551.076. Deliberation Regarding Security Devices or Security Audits the deployment, or 33. Section 551.072 Deliberation Regarding Real Property to deliberate the purchase, exchange, lease, Mayor Doug Svien adjourned Executive Session at 8:27 PM and reconvened the Regular City Council meeting at  Texas Codes, Annotated, in accordance with  orv value of real property, to wit: real property located in $2600 CITY ADDITION specific occasions fori implementation, of security personnel or devices or value of real property, to wit: $2600 CITY ADDITION  8:28 PM.  ACTION TAKEN ON ITEMS DISCUSSED IN EXECUTIVE SESSION, IF NECESSARY  33. Section 551.072 Deliberation Regarding Real Property to deliberate the purchase, exchange, lease, MOTION by David Baskett, second by Alan Nix, to authorize the purchase of real property as discussed 31. Section 551.072 Deliberation Regarding Real Property to deliberate the purchase, exchange, lease, or value of real property, to wit: real property located in $2600 CITY ADDITION MOTION by Alan Nix, second by Lonn Reisman, to authorize City Manager to enter into agreement with real estate agent as discussed in Executive Session. MOTION CARRIED unanimously. 32. Section 551.076. Deliberation Regarding Security Devices or Security Audits - the deployment, or specific occasions for implementation, of security personnel or devices MOTION by Dean Parr, second by David Baskett, to approve ani insurance policy as discussed in Executive  or value of real property, to wit: $2600 CITY ADDITION in Executive Session. MOTION CARRIED unanimously.  Session. MOTION CARRIED unanimously.  ADJOURN  Mayor Doug Svien adjourned the Regular City Council meeting at 8:29 PM. Regular City Council Meeting Minutes - August 06, 2024  Page I11    Note: The. Stephenville City Council may convene into Executive. Session on any matter related to any of the above agenda items for a purpose, such closed session allowed under Chapter 551, Texas Government Code.  Brvggn "oug,Svien, Mayor OF STEP  ATTEST:  Sauhuauaa- Sath Lockenour, Gity Secretary  In accordance with the Americans with Disabiltiès-Acks persons who need accommodation to attend or participate in this meeting should contact City Md6P:BA-9i8:1287 within 48 hours prior to the meeting to  request such assistance.  Regular City Council Meeting Minutes = August 06, 2024  Page 112