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B • RIVER_AUTHORITYTrinity River Authority of Texas (Tarrant County)

RENEWAL AGREEMENT FOR INVESTMENT ADVISORY SERVICES HILLTOP

Presented in: Trinity River Authority Board of Directors - February 26, 2020 on 2020-02-26

Meeting Agenda PDF

Official Roll-Call Vote

Restrains Gov't • 4.2/10 Impact Weight

PASSED (25 - 0)

“Motion that the Board of Directors authorize the General Manager to execute the”

MD

President (Place 15)

YES

GS

Gregory S. Wassberg

Director (Place 1)

YES

JF

Director (Place 2)

YES

RM

Robert McFarlane

Director (Place 3)

YES

RC

R. Carson Dennis

Director (Place 4)

YES

FS

Director (Place 5)

YES

CA

Director (Place 6)

YES

CY

Casey Yeary Callas

Director (Place 7)

YES

ET

Elizabeth Thomas

Director (Place 8)

YES

KS

Kathryn Sanders

Director (Place 9)

YES

CD

C. Dwayne Somerville

Director (Place 10)

YES

SL

Steven L. Roberts

Director (Place 11)

YES

FC

Frederick C. Tate

Director (Place 12)

YES

MS

Margaret S.C. Keliher

Director (Place 13)

YES

JJ

Director (Place 14)

YES

CC

Director (Place 16)

YES

BK

Brenda K. Walker

Director (Place 17)

YES

DL

Director (Place 18)

YES

LH

Lewis H. McMahan

Director (Place 19)

YES

AR

Director (Place 20)

YES

JH

Jeffrey H. Bradley

Director (Place 21)

YES

DG

Director (Place 22)

YES

BL

Benny L. Fogleman

Director (Place 23)

YES

HB

Director (Place 24)

YES

Staff Report & Agenda Item Details

SECURITIES ASSET MANAGEMENT, LLC. Pg. 52 Memorandum dated January 30, 2020 from Manager, Cash and Capital Projects. (1) Explanation by Henry Borbolla III and Alison A. Mackey. (2) Recommendation: The Administration and Audit Committee recommends that the Board of Directors approve the following motion: Motion that the Board of Directors authorize the General Manager to execute the Renewal Agreement for Investment Advisory Services between the Trinity River Authority of Texas and Hilltop Securities Asset Management, LLC.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.2/10). 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.