Five Corners Improvement District Board of Directors met June 21

Five Corners Improvement District Board of Directors met June 21.

Here are the minutes provided by the board:

DETERMINE QUORUM; CALL TO ORDER.

The Board of Directors of the Five Corners Improvement District held a regular meeting, open to the public, on Friday, June 21, 2024, at 12:00 p.m. at the Fountain Life Community Center, 14083 Main St., Houston, Texas, 77035, inside the boundaries of the District, and the roll was called on the duly appointed members of the Board, to-wit:

Position 1 - Edna Deauvearo, Secretary

Position 2 - Homer Clark, Chairman

Position 3 - Vivian Harris

Position 4 - Kamal Rasheed

Position 5 - Melva Thornton, Vice Chair

Position 6 - Edward Teamer, Asst. Secretary

Position 7 - Vernon N. Smith

Position 8 - Nina Springer

Position 9 - George A. Anderson

and all the above were present, with the exception of Director Springer, Harris, Teamer and Smith, thus constituting a quorum. Also, present were, Josh Hawes, Gillian Thomas, and Don Huml, all with Hawes Hill & Associates, LLP; Jon Durnell; McCall Gibson Swedlund Barfoot PLLC, George Baugh and Lucille Dixon, George Baugh III, CPA & Associates; Tiffany Irving, West Orem YMCA; Brian & Diane Smart, Smartscaping; Wilfredo Santamaria, Metro; Eric Lyons, Alisha Procter & Debny Greenlee; Impact Strategies; Alexandria Izineu, Mica Picnon, Jennifer Williams, Theordore Andrews Kwadre Wilson, Ark of Safety; William Pitre and Mayor Pro Tem Martha Castex-Tatum. Chairman Clark called the meeting to order at 12:05 p.m.

RECEIVE PUBLIC COMMENTS.

Public comments were received from Tiffany Irving.

APPROVE REVISED MINUTES OF MEETING HELD MARCH 15, 2024.

Upon a motion duly made by Director Anderson and seconded by Director Thornton, the Board voted unanimously to approve the revised minutes of March 15, 2024.

APPROVE MINUTES OF MEETING HELD APRIL 19, 2024.

Upon a motion duly made by Director Anderson and seconded by Director Thornton, the Board voted unanimously to approve the minutes of April 19, 2024.

ACCEPT ANNUAL DISCLOSURE STATEMENTS FROM INVESTMENT OFFICER AND BOOKKEEPER.

Mr. Hawes reviewed the annual disclosure statements from the investment officer and bookkeeper. He stated the Investment Officer and Bookkeeper are required to annually disclose any relationships with entities or individuals engaged in an investment transaction with the District and the investment officer and bookkeeper are reporting none.

CONDUCT ANNUAL REVIEW OF INVESTMENT POLICY AND ADOPT RESOLUTION REGARDING ANNUAL REVIEW OF INVESTMENT POLICY AND LIST OF QUALIFIED BROKER/DEALERS.

Mr. Hawes reported the District is required to annually review its Investment Policy and amend the Policy when required by any legislative changes to the investment laws. He reported the District's attorney has reviewed the Investment Policy and no legislative laws have been enacted affecting the current Policy and recommends no changes be made. He reviewed Exhibit "B" the Amended Qualified Broker/Dealers with whom the District may engage in investment transactions. He reported the list was reviewed and updated by the Investment Officer and Bookkeeper and may be amended at any time by the Board by a resolution.

Upon a motion made by Director Anderson, and seconded by Director Deauvearo, the Board voted unanimously to (a) accept the Annual Disclosure Statements from Investment Officer and Bookkeeper, as presented; and (b) adopt Resolution Acknowledging Review and Confirmation of Investment Policy and List of Qualified Broker/Dealers, as presented.

APPROVE FY2023 ANNUAL FINANCIAL REPORT AND AUDIT FROM MCCALL GIBSON SWEDLUND BARFOOT PLLC.

Mr. Durnell presented the FY2023 Annual Financial Report and Audit, included in the Board materials. He reviewed the Independent Auditor's Report and reported an unmodified/clean opinion. He reviewed pages 4-7, Management's Discussion and Analysis; page 10, Statement of Activities and Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balances; pages 12-18, Notes to the Financial Statements; and page 26-27, Comparative Schedule of Revenues and Expenditures General Fund. Mr. Durnell answered questions from the Board. Upon a motion made by Director Anderson, and seconded by Director Thornton, the Board voted unanimously to approve the FY2023 Annual Financial Report and Audit.

RECEIVE ASSESSMENT COLLECTION REPORT.

Mr. Hawes presented the Assessment Collection Report, included in the Board material. He noted that the District is currently 93% collected for 2024 with 132 unsettled accounts. No action from the Board was required.

RECEIVE BOOKKEEPER'S REPORT AND APPROVE INVOICES FOR PAYMENT.

Mr. Baugh presented the Bookkeeper's Report and went over the invoices, included in the Board materials. He answered questions from the Board. Mr. Baugh noted that a transfer would be made from the current checking into an interest bearing TexPool account. Upon a motion duly made by Director Anderson and seconded by Director Deauvearo, the Board voted unanimously to accept the Bookkeeper's Report and approve the invoices for payment, as presented.

RECEIVE UPDATE FROM THE PUBLIC SAFETY COMMITTEE.

Mr. Hawes reported the Committee met on June 10; a copy of the Committee minutes is included in the Board materials. No action from the Board was required.

RECEIVE UPDATE FROM THE ECONOMIC DEVELOPMENT COMMITTEE.

Director Anderson reported the Committee met on June 10; a copy of the Committee minutes is included in the Board materials. Eric Lyons and Debny Greenlee provided updates from the Economic Development Committee and answered questions from the Board. Wilfredo Santamaria provided an update on Metro and answered questions from the Board. No action from the Board was required.

RECEIVE UPDATE FROM THE ENVIRONMENTAL AND URBAN DESIGN COMMITTEE.

Director Thornton reported the Committee met on June 10; a copy of the Committee minutes is included in the Board materials.

a. Consider amendment to Smartscaping contract.

Upon a motion duly made by Director Anderson and seconded by Director Deauvearo, the Board voted unanimously to approve the amendment to Smartscaping contract to match the approved FY 2024 budgeted line item.

b. Consider reimbursement not to exceed $1,000 for US EPA Region 6 Brownfields Conference.

Upon a motion duly made by Director Thornton and seconded by Director Anderson, the Board voted unanimously to approve travel reimbursement not to exceed $1,000 for US EPA Region 6 Brownfields Conference.

c. Consider maintenance agreement with the City for public art.

This item was tabled until the next meeting.

d. Receive update on TIRZ 9 and TIRZ 25 projects.

Mr. Huml gave the update on TIRZ 9 and TIRZ 25 projects, a copy is included in the Board materials. He answered questions from the Board. No action from the Board was required.

RECEIVE GENERAL MANAGER'S REPORT.

Mr. Hawes presented the General Manager's Report, included in the Board material. No action from the Board was required.

ADJOURNMENT.

There being no further business to come before the Board, Chairman Clark adjourned the meeting at 1:32 p.m.

https://5cornersdistrict.org/accountability/agendas/