C. Consider and/or Act on a Resolution to enter into a participation agreement to

Staff Report & Agenda Item Details

apply for participation in TexSTAR and establish an account in its name in TexSTAR for the purpose of transmitting local funds for investment; authorizing City officers to execute all required forms for TexSTAR participation. Berna Fitzpatrick-Walker, Finance Director Finance Director Berna Fitzpatrick-Walker presented the item. COUNCIL ACTION: (Item 7. C, Res. No. 26-R-1194) APPROVED Deputy Mayor Pro Tem Kenneth Oltmann moved to approve a to for apply agreement Resolution a into enter to participation participation in TexSTAR and establish an account in its name in TexSTAR for the purpose of transmitting local funds for investment; authorizing City officers to execute all required forms for TexSTAR participation. Mayor Pro Tem W. Scott Smith seconded the motion. For: Unanimous. The motion carried by a vote of 7-0.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.4/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.