[CALL TO ORDER ]
[00:00:09]
I CALL THIS MEETING TO ORDER AND CALL THE ROLE OF THE BOARD OF DIRECTORS OF THE CORPORATION.DR. PATRICIA K. ALLEN, DANI HERNANDEZ AND MYRNA GUIDRY ESQUIRE.
[3. ADMINISTRATION OF OATH OF OFFICE TO DIRECTOR HERNANDEZ]
OUR FIRST ORDER OF BUSINESS IS TO SWEAR IN DIRECTOR DANI HERNANDEZ.DIRECTOR DANI. DIRECTOR HERNANDEZ.
I, DANI HERNANDEZ, DO SOLEMNLY SWEAR OR AFFIRM THAT I WILL FAITHFULLY EXECUTE THE DUTIES OF THE DIRECTOR OF HOUSTON INDEPENDENT SCHOOL DISTRICT PUBLIC FACILITY CORPORATION AND WILL, TO THE BEST OF MY ABILITY, PRESERVE, PROTECT AND DEFEND THE CONSTITUTION AND THE LAWS OF THE UNITED STATES, OF THE UNITED STATES AND OF THE STATE OF TEXAS THAT I HAVE NOT DIRECTLY OR INDIRECTLY PAID, OFFERED OR PROMISED TO PAY, CONTRIBUTED OR PROMISED TO CONTRIBUTE ANY MONEY OR THING OF VALUE OR PROMISE TO ANY PUBLIC OFFICE OR EMPLOYMENT FOR THE GIVING OR WITHHOLDING OF A VOTE AT AN ELECTION AT WHICH I WAS ELECTED, OR AS A REWARD TO SECURE AN APPOINTMENT OR CONFIRMATION, WHICHEVER THE CASE MAY BE.
SO HELP ME GOD. AND THIS STATEMENT WILL BE SIGNED AND SWORN IN ON THE 26TH DAY OF MAY 2022.
[4. APPROVAL OF MINUTES]
OUR NEXT ORDER OF BUSINESS IS THE APPROVAL OF MINUTES FROM LAST YEAR.IS THERE A MOTION TO APPROVE THE MINUTES OF THE FCC'S MEETING HELD ON MAY 6, 2021.
SO MOVED. I HAVE A MOTION BY DIRECTOR MYRNA GUIDRY AND SECONDED BY DIRECTOR.
DANI HERNANDEZ THAT THE MINUTES ARE APPROVED.
YES. MOTION PASSES BY A VOTE THREE FOUR AND ZERO AGAINST.
[5. ELECTION OF PRESIDENT]
OUR NEXT ORDER OF BUSINESS.IS A NOMINATION FOR THE PRESIDENT OF THE PUBLIC FACILITY CORPORATION.
DO I HAVE A MOTION FOR THE PRESIDENT? I MOVE THAT WE NOMINATE MYRNA GUIDRY AS A PRESIDENT.
MOTION PASSES BY VOTE THREE, FOUR AND ZERO AGAINST.
[6. APPROVAL OF REVIEW OF FINANCIAL REPORTS]
NOW WE WILL HAVE A REVIEW OF OUR FINANCIAL REPORTS.SO EACH YEAR AT THE ANNUAL MEETING OF THE PFC BOARD OF DIRECTORS, WE REVIEW THE FINANCIAL STATEMENTS FOR THE THIRD QUARTER AND THOSE ARE IN YOUR FOLDERS AND YOU'LL SEE AS FAR AS THE BALANCE SHEET, WE HAVE NO ASSETS AND NO LIABILITIES AS OF MARCH 31ST, 2022.
AND YOU'LL SEE THAT ON ON THE SECOND PAGE, WHICH IS THE STATEMENT OF REVENUES, EXPENDITURES AND FUND BALANCES, THAT WE HAD EARNINGS ON INVESTMENTS OF $135 AND WE TRANSFERRED OUT 2.2 MILLION TO PAY DEBT.
SO THAT WAS THAT 2.2 WAS ACTUALLY HELD BY THE BANK OF NEW YORK, AND WE PAID OFF ONE OF THE PFC BONDS, AND SO WE TRANSFERRED THAT OUT TO PAY THOSE BONDS.
SO THAT WILL BE PAID UNTIL THE DEBT IS PAID OFF.
OKAY. THANK YOU FOR THAT FINANCIAL REPORT.
ANY OTHERS? THERE BEING NO FURTHER BUSINESS BEFORE THE BOARD.
IS THERE A MOTION TO ADJOURN? SO MOVED. WE HAVE A MOTION AND A SECOND.
MOTION BY DIRECTOR MYRNA GUIDRY AND SECONDED BY DIRECTOR DANI HERNANDEZ.
WE ARE NOW ADJOURNED AT 11:52 A.M..
* This transcript was compiled from uncorrected Closed Captioning.