Topics Covered- New Meeting Location
- Placement of Funds
- Procedures regarding finances
- Cooperative Endeavor Agreement
- Car logo and phone number
These minutes are approved.
Attendance: Angela Henderson Corey Tisdale Susan Guidry Also in attendance: Hervyn Guidry, Joe Laura, Brian Dickinson, Judy Shceurer, Sally Tucker, Sharon Olson
New Meeting Location ACTION ask Ms. Betty for space every third Thursday at 6:30p.
Placement of Funds Best rate is Guarantee and Trust at 2.47 – we can move $90K there. Prefer to keep CDs to 6 months maximum. Liberty bank has a corporate savings account at 1.8% - 2 free withdrawals per month, $1 per withdrawal past third withdrawal. Liberty also has corporate checking but we will not need that type of account. Our checking is with Capital One.
MOTION by Ms. Guidry to take the money in Whitney Account and move 90K to Guarantee and Savings to their money market and the remainder to a new corporate savings account at Liberty Bank in Mid-City. Second by Ms. Henderson. Unanimous approval. ACTION for Ms. Henderson to contact Guarantee and Trust to make sure the money market is FDIC insured. MOTION by Ms. Guidry that if the money market account at Guarantee is not insured that we move the maximum amount to liberty bank and then also move any remainder at Guarantee and Trust into a FDIC insured. Seconded by Ms. Henderson. Unanimous approval.
Procedures regarding Finances Idea to use a professional to manage our finances, to move this responsibility to Becker Rutledge. Ms. Rutledge needs the rest of the Whitney paperwork. Need to forward addresses for bills so that they come to her office. Ms. Rutledge will then be responsible for the cash management.
MOTION by Ms. Guidry that from this point forward Ms. Rutledge, MCDS’s accountant be given the responsibility to have bank statements arrive to her, for her to do cash management and to report to the board monthly at the MCSD board meetings. The original setup that 2 board members must sign all checks remains the same. Seconded by Ms. Henderson. Unanimous approval. Cooperative Endeavor Agreement The current cooperative agreement is not signed so it has no current legal standing and should not be distributed. Cooperative Endeavor agreement was created after the legislation was voted on. It is still a working draft that the city is making changes on. The changes that are coming forth from the meeting on Monday include: If the city violates the agreement by not giving us the services that would normally be there without the security district, then we could cancel the agreement, then they would incur costs of the changes the MCSD would need to make. The city attorney said the City will not pay us the reasonable incurred costs for us having to move our agreement from NOPD to another form of Patrol The city wants a reciprocal indemnification agreement. Thus the city agrees that if the officers do something wrong, then if there is a lawsuit, then if MCSD is named in the lawsuit, then the city will indemnify us and the city will pay for any fees. If we as the board wrongs, and if we are sued and the city is also sued, then we will defend and indemnify the city. The problem may come in where an officer causes an injury, the person sues and the person sues both the city and the MCSD and it could be sought that the board is directing the actions of the officers.
Ms. Guidry is still working on the reciprocal agreement clause.
Also changed was some language in the beginning of the contract, the city would like to put some language in the contract that the city reasonably anticipates tangible and intangible benefits, reducing crime, increasing a sense of protection for citizens, etc.
Corey needs to know where he needs to be in able to sign the CEA. Susan will check on this.
Car logo and phone number
MOTION to adjourn by Ms. Henderson at 7:47. Seconded by Ms. Guidry. Unanimous approval. |