Commissioners Court Meeting
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6.
Meeting Date:
02/22/2016
Webb County Housing Finance Corporation
Submitted for:
Juan Vargas
Submitted By:
Melissa Ortega
Department:
Economic Development
Subject:
Discussion and possible action to appoint Five (5) new Board members including officers to The Webb County Housing Finance Corporation and designate the County Treasurer’s office to receive and reconcile the Housing Finance Corporation’s monthly bank statements and authorize the County judge to execute all relevant documents; and any other matters incident thereto.
[Co-Sponsored by Tano E. Tijerina, County Judge]
Issue:
The term of appointment for the original 5 members has expired and new Board member appointees have to be selected.
Solution:
The County Commissioners Court will need to appoint 5 new Housing Finance Corporation members in order to enable the Corporation to hold valid meetings, appoint new officers and make decisions on Corporation sponsored activities.
Result:
The Corporation’s current bank balance is approximately $129,600 and decisions have to be made on specific activities and the eligible use of these funds.
Background:
On April 28, 2014, the County Commissioners Court’s agenda had an item #47 that proposed to replace 3 of the 5 Board members, however, due to a need to reword the agenda item, the item was tabled.
Previous Court Action:
None.
Fiscal Impact
Budget Account Number:
N/A
Funding Source:
N/A
Balance:
N/A
Financial Impact:
No impact to County General Fund.
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