DRAINAGE DISTRICT
DRAINAGE DISTRICT #1
HIDALGO COUNTY BOARD OF DIRECTORS
HIDALGO COUNTY BOARD OF DIRECTORS
May 3, 2011
1:20 P.M.
NOTICE is hereby given in accordance with Chapter 551, Texas Government Code, that a SPECIAL MEETING of the Drainage District #1 Board of Directors will be held in the Commissioners' Courtroom of the Administration Building, Edinburg, Hidalgo County, Texas. Discussion and possible action relating to the following business will be transacted:
1.
Roll Call
2.
Open Forum
3.
Approval of Consent Agenda
4.
A. Report on fiscal impact of bank fees to be assessed during final two years of depository contract;
B. Pursuant to Texas Local Government Code, Chapter 116, Section .021(b)&(c), acceptance and approval of attempts to negotiate new interest rates and financial terms that will take effect during the final two (2) years of the four (4) year contract with the First National Bank
B. Pursuant to Texas Local Government Code, Chapter 116, Section .021(b)&(c), acceptance and approval of attempts to negotiate new interest rates and financial terms that will take effect during the final two (2) years of the four (4) year contract with the First National Bank
5.
Closed Session:
Board of Directors may go into Closed Session pursuant to Chapter 551, Texas Government Code, Sections 551.071 & 551.072 to discuss the following:
Board of Directors may go into Closed Session pursuant to Chapter 551, Texas Government Code, Sections 551.071 & 551.072 to discuss the following:
A.
Real Estate Acquisition
B.
Pending and/or Potential Litigation
6.
Open Session:
A.
Real Estate Acquisition
B.
Pending and/or Potential Litigation
7.
Closed Session:
Board of Directors may reconvene into Closed Session for the discussion regarding the agenda items listed
Board of Directors may reconvene into Closed Session for the discussion regarding the agenda items listed
8.
Open Session:
Board of Directors may reconvene into Open Session for the discussion regarding the agenda items listed
Board of Directors may reconvene into Open Session for the discussion regarding the agenda items listed
9.
Adjourn