Discussion and possible action to authorize the Webb County Treasurer to work with FARO WEALTH/KOVACK SECURITIES INC. for the purchase of Municipal Bonds, CD’s, and other authorized investments; authorizing the approval of Non-Corporate Resolution for said purpose; authorizing the County Judge to execute all relevant documents thereof; and any other matters incident thereto.
Issue: The County Treasurer is looking to diversify our investment portfolio.
Solution: The County Treasurer will work with FARO WEALTH/KOVACK SECURITIES INC. in order to secure Municipal Bonds, CD’s, other authorized investments.
Result: Webb County’s Investment Portfolio will be diversified and obtain higher coupon rates.