RESO 1990-08 - Adopts Investment PoliciesRECORDS SERIES TITLE: Ordinance, Orders, Resolutions
SCHEDULE NO.: 1000-05
CONTENTS OF FILE:
Resolution No.: 90-08
Title: ADOPTS INVESTMENT POLICIES
Date: 02-27-90
Councilmember Green said he is not going to vote for this. not because he has a particular problem
with the Planning Commission acting as the Zoning Commission if we are going to have zoning, but he still
thinks it is a mistake for the city to adopt a zoning ordinance. Upon a vote of the motion on the floor.
all were in favor EXCEPT COUNCILMEMBER GREEN and the motion passed by a vote of 8 to 1.
CONSIDER DEPOSITORY CONTRACT
Consider the City depository contract, as recommended by the finance committee - -Dr. Bill Green. Chairman
Mayor Monday noted first of all we will be considering the investment policy portion of this item.
Councilmember Green noted the two items for consideration are the depository contract and the related
investment policy. He said the depository contract requires that we have in -place an "investment policy."
He said the investment policy defines who can invest funds, what the objectives are, responsibility and
control, and what are authorized investments according to state law, and it essentially lists only those
things which are allowed by state law under various statutes and collateratization requirements, and a few
other things that relate to the depository agreement. She said this has been discussed for some time with
the fiance and audit committee and they are recommending at this time that the city adopt this investment
policy, as presented. Mr. Gene Pipes, City Manager, presented the resolution, the caption of which is as
follows:
RESOLUTION NO. 90 -8
AN RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, ADOPTING POLICIES
FOR INVESTMENTS; AND MAKING OTHER PROVISIONS RELATED THERETO
Councilmember Green made the motion to adopt Resolution No. 90 -8, setting out the City's investment policies
of March 1, 1990 and Councilmember Knotts seconded the motion. All were in favor and the motion passed
unanimously.
Councilmember Green advised that the city's current depository contract with FNB expired on February
28, 1990. He said the committee has been working for some time to develop a new depository contract. He
then recommended the city accept the depository contract with First National Bank of Huntsville.
Councilmember Green made the motion to accept the depository contract with First National Bank and
Councilmember Gaines seconded the motion. [Councilmember Hammock advised he is "not voting" on this item
and then filed with the City Secretary an "affidavit of substantial interest in a business entity. "] All
were in favor and the motion passed by a vote of eight with "one not voting."
CONSIDER ELECTRIC POWER TO AN AUTOMATED SURFACE OBSERVATION SYSTEM AT THE AIRPORT
Consider a request to pay for electric power to an automated surface observation system at the airport, as
proposed by the F.A.A. and National Weather Service
Mr. Glenn Isbell, Director of Design Engineering, advised on February 5, 1990, a survey team from
the Planning/ Architecture /Engineering /Interiors firm of Leo A. Daly was at the Huntsville Municipal Airport
in order to accomplish the site survey work for the Automated Surface Observation System (ASOS). A letter
from its Civil Engineer, Eric R. Pehrson advised this is a joint venture program for the National Weather
Service (NWS) and the FAA and that associated costs borne by the NWS are procurement, installation and
maintenance. Mr. Pehrson advised it is the policy of the NWS, wherever possible, to use power from the FAA;
however, when this is not possible, the NWS asks the cities and /or airports to bear the electrical power
costs.
Mr. Pehrson's letter also noted power consumption for the acquisition control unit is 1300 watts
continuous; and that the power for the sensor group can be as much as 2500 watts continuous. He noted the
power for the sensor group is dependent upon the ambient air temperature; there are two hearing elements in
the data collection package and a heating element in each of the sensors; thermostats are used to maintain
the instruments at operating temperature; the colder the climate, the more power will be used; the power is
estimated for the Huntsville area for the sensor group to be much less than the maximum of 2500 watts; it is
impossible to tell exactly what the power would be as this system is still under development; and the
MINUTES OF THE FEBRUARY 27, 1990 COUNCIL MEETING BOOK "Q" 45
estimated monthly cost during cold weather could be as high as $250. based upon 5.09 /kwh. The Council was
advised by his letter that the NWS is asking the City to pay for the cost of power for this equipment,
however, if the city cannot afford this cost, other arrangements will have to be made but the airport will
still receive ASOS. Mr. Isbell advised according to Mr. Pehrson, the maximum power consumption would be
$3,000 per year.
Mr. Pipes said this system is accessed by radio to give the onground conditions at the Huntsville
Municipal Airport. 24 hours a day. 365 days per year. without need for manual intervention. He said the.
equipment will be located on the windsock side of the airport and will be in an independent structure and
will need to be heated and cooled in order to be operated and maintained property. He said the entire
installation cost, as noted above. will be borne by the NWS and FAA. He said the City needs to assure that
it will pay for the electrical costs. which could run as high as $3.000 per year as Mr. Pehrson's letter
advised. He said the installation will not take place rapidly enough to seriously impact this current year
budget, which only has $5,000 budgeted for airport maintenance. He said with the Council's concurrence. an
authorization will be made of funds up to $3,000 per year to be expended for the electricity. He said the
city should have a good track record by next year's budget and will be able to go on from there. He said
refusal to fund the ASOS will not necessarily kill the project, but it will cause the FAA and the NWS to
look elsewhere for a possible source of funds and could indicate somewhat of a "lack of support" on the part
of the city for the continued grant structure by the FAA in favor of the Huntsville Airport. He strongly
urged their concurrence with this request.
Councilmember Barrett made the motion to approve the authorization of up to $3,000 to fund
electricity for the operation of the ASOS system and Councilmember Gaines seconded the motion. Discussion:
Councilmember Bell asked if this means the City of Huntsville will appear on the Weather Channel, as a
monitoring station. Mr. Pipes said he did not know how that information is gained. He said this is free
air information that might be able to be accessed for that purpose. Mayor Monday felt this will be a great
asset for the number of planes that access our airport. Mr. Knotts thought one might be able to call in and
get the weather at this station. Mayor Monday said she is pleased this equipment will be funded by FAA and
felt there is a lot of merit to continuing the city's excellent working relationship with FAA. All were in
favor and the motion passed unanimously.
CONSIDER ALTERATIONS TO BASEBALL COMPLEX
Consider proposed alterations to the facilities at Kate Barr Ross Baseball Complex. as proposed by the Boy's
Baseball Association.
Mr. Gene Pipes, City Manager, presented a memorandum from Mr. Ray Black, Parks Superintendent, which
advised of the Huntsville Boys Baseball Association's proposal, as follows:
1. Construction of a batting cage between fields 7 and 8 (lower ballfields);
2. Redesign the interior of the concession stand at the upper complex with a new center island for food
preparation and storage as well as a rear cabinet area containing a double sink, two burner electric
stove top, and a dishwasher;
3. Air condition the concession stand and install plexiglas sliding windows at the service area;
4. Placement of an enclosed bulletin board with lighting on the west wall of the concession building;
5. Placement of an entrance sign at the west entrance gate of parking lot to extend over the driveway
going to the concession building; and
6. Enclosing the bullpen areas between fields 2 and 3 and between fields 3 and 4. An eight foot fence
may be placed around these areas that would complete the enclosure of the field complex.
Mr. Black advised the Baseball Association will assume all costs of constructing these projects with the
exception of the fences for the bullpen areas, which they request the city to fund. He said fences around
these areas will cost approximately $3 000. Mr. Black said the Parks Division carried forward funds from
the 88-89 budget year to complete the electrical work at Ross Park and after all of this work is completed,