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43 Regular Meeting November 24, 1986 Page 6 Mr. Farr moved for adoption of the Resolution and Mayor Younger seconded the motion, which passed unanimously. Mayor Younger introduced an addendum, adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN ~ßRCOS, TEXAS, RATIFYING THE DESIGNATION OF UNIVERSITY SAVINGS, SAN MARCOS, TEXAS, AS THE FINANCIAL INSTITU- TION HOLDING ACCOUNTS TO BE MAINTAINED BY LOWER COLORADO RIVER AUTHORITY OFFICERS AND STAFF DESIG- NATED BY THE CITY REPRESENTATIVE, RATIFYING THE ESTABLISHMENT OF NAMED MONEY MARKET FUNDS AT SAID INSTITUTION, STATING A MINIMUM BALANCE FOR CERTAIN ACCOUNTS, DESIGNATING THE CITY MANAGER OF SAID CITY AS THE CITY REPRESENTATIVE AUTHORIZED TO INSTRUCT LOWER COLORADO RIVER AUTHORITY CONCERNING THE HANDLING OF FUNDS AND AUTHORIZED TO ESTABLISH INVESTMENT GUIDELINES AS NEEDS, POLICIES AND REGULATIONS CHANGE, RATIFYING THE DESIGNATION OF LOWER COLORADO RIVER AUTHORITY OFFICERS AND EHPLOYEES TO SIGN CHECKS, ORDERS OR VOUCHERS ON BEHALF OF LOWER COLORADO RIVER AUTHORITY, APPROVING FIDELITY BOND COVERAGE FOR SAID LOWER COLORADO RIVER AUTHORITY OFFICERS AND EMPLOYEES AND DECLARING AN EFFECTIVE DATE. Mr. Farr moved for adoption of the Resolution and Ms. Kissler seconded the motion. Mr. Hankins read into the record suggested amendments to the Resolution as follows: in the caption of the Resolution" . . . RATIFYING THE ESTABLISHMENT OF NAMED CHECKING ACCOUNTS AND r<lONEY MARKET ACCOUNTS AT SAID INSTITUTION. . ."; in Part 2. "That the City Council ratifies the establishment of Checking Accounts and Money Market Accounts at said University Savings. . ."; in Part 3. " . . . but shall not be less than Forty Thousand and No/IOO ($40,000.00), or as near to said amount as reasonable banking and accounting praCtices will-al~in said sole discretion of LCRA, subject to prospective revisions ÈY said CounciL"; in Part 4. " . . . LC:RA is authorized and directed to communicate for such purposes and to determine investment instructions to LCRA as needs, policies and regulations change." Mr. Guerra moved~amend the Resolution to include the amendments read into the record by Mr. Hankins and Ms. Kissler seconded the motion, which passed unanimously. Mayor Younger stated he was interested in the City Councilor the Electric Board determining the investment instructions to LCRA. On roll call for adoption of the Resolution, the Council voted unanimously for adoption. Mayor Younger introduced for consideration authorization to bid Dunbar Recreation Center. Mr. Guerra moved for authorization to bid and Mr. Farr seconded the motion, which passed unanimously. Mayor Younger introduced for consideration approval of a change order for Mill Street Area Improvements, Phase III in the amount of $24,086.50. Steve Jenkins advised the Council this action would not be necessary, because the reconstruction of Meiners Street will be done by the Public Works construction crew. Mr. Farr moved to table this matter and Mr. Coddington seconded the motion, which passed unanimously. Mayor Younger introduced for consideration approval to change the date of the second Regular Meeting of the City Council in December from December 22 to December 15. Mr. Coddington moved to change the date to December 15 and Mayor Younger seconded the motion, which passed unanimously.