Title
Discuss and consider action by the Board of Directors of the Pflugerville Community Development Corporation to approve a Resolution naming Amy Madison, Ron Agnew, Victor Johnson, Ken Dalfonso and Jeff Coleman as signers for the Hancock Whitney account and credit card account.
Summary
The item has been included on the agenda to allow for discussion and potential action.
Deadline for Action
N/A
Fiscal Impact
After amendments are made, Income (42600 Typhoon Texas Lease) will increase by 675,000 for FY19. Expenses (89300 Typhoon Texas Investment Reserve) will decrease by $900,000 (no reserve payment for FY19 will need to be made). Net Income will become $3,033,228.62. Also, If approved, the current Typhoon Texas Reserve holding account of 1.8M, will be returned to PCDC.
Staff Recommendation
Discuss and take action as appropriate.
Drafter
Amy Madison, Executive Director