The Memphis City Council met in regular session August 12 and took action on several items.
Following a presentation from Carrie Friedrich of Texas Class, the council voted to amend the city’s investment policy to include investment pools as a permissible place to put the city’s money. The move will allow the city to get more return on its funds while still maintaining flexibility and liquidity.
The council voted to terminate its agreement with American Municipal Services Corporation for collection of delinquent accounts. The city intends to pursue an agreement with the Perdue Brandon law firm for the same services but with an expectation of better results.
Melissa Foard addressed the council on behalf of the Hall County Picnic Association and requested streets be closed for the event and asked for support with Hotel Occupancy Tax funds. The council approved closing a portion of Sixth Street all day and also approved $750 in HOT funds.
The council approved a request from The Clarendon Enterprise for up to $2,000 in HOT funds to help distribute the fall edition of Discover Hall County to visitor centers and travel centers around the state.
A motion was approved to work with Government Capital Securities Corporation to secure $1.2 million in funding to help with relocating waterlines under Hwy. 256 when TxDOT begins rehabilitating that highway. The state will reimburse the city for the expense, but the city has to incur the expense first, officials said.
The council approved applying for a USDA grant to help purchase a new city vehicle and also accepted a bid of $1,500 on an old city vehicle.
Appointments to the Memphis Housing Authority Board were confirmed, and the council members discussed the city’s policy on employees taking vehicles home and how that is affected by IRS rules.
The council approved filing the city’s $2.7 million proposed budget and set a date of September 12 for holding public hearings on the budget and the tax rate.
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