October 24, 2023 at 6:30 PM - Regular Meeting
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1. CALL TO ORDER
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2. WELCOME
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3. PLEDGE OF ALLEGIANCE
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4. PUBLIC COMMENTS
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5. MINUTES
Description:
Minutes of the special meeting on September 21, 2023 and the regular meeting on September 26, 2023, have been provided to the Regents.
After discussion, the Board may wish to approve these minutes. |
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6. CONSENT AGENDA
Description:
A. APPOINTMENTS
Faculty - None Administrators - None B. BUDGET AMENDMENTS The Budget Amendments for approval by the Board are attached. After discussion, the Board may wish to approve the Consent Agenda. |
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7. REQUEST FOR PROPOSAL NO. 1399 – BANK DEPOSITORY SERVICES FOR AMARILLO COLLEGE – Chris Sharp
Description:
RFP No. 1399, for Bank Depository Services for Amarillo College, was advertised in the Amarillo Globe News on August 2, 2023 and August 9, 2023. Packets were sent to twenty (20) financial institutions with five (5) financial institutions submitting proposals. An Agenda Item Summary Report and RFP Financial Analysis prepared by Valley View Consulting are attached.
The Finance Committee has reviewed the recommendations submitted by Valley View Consulting concerning RFP No. 1399, Bank Depository Proposal. Approval of the award being granted to Amarillo National Bank is requested. The Finance Committee also requests that Chris Sharp, Vice President of Business Affairs, be authorized to execute the contract and all necessary agreements as required. After discussion, the Board may wish to approve the award being granted to Amarillo National Bank as recommended by the Finance Committee and authorize Chris Sharp to execute the contract and all necessary agreements as required. |
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8. INVESTMENT POLICY REVIEW AND FINANCE COMMITTEE REPORT – Chris Sharp
Description:
A review of the Amarillo College Investment Policy is required annually. The Finance Committee will meet prior to the regularly scheduled Board Meeting to review the Policy after which a report will be presented during the Board meeting.
It is recommended that the Investment Policy, Section CAK, of the Board Policy Manual be amended to reflect any proposed changes. A copy of Section CAK was provided in Board materials. After discussion, the Board may wish to approve Investment Policy, Section CAK, and the report by the Finance Committee. |
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9. PUBLIC HEARING ON PROPOSED ADOPTION OF GUIDELINES AND CRITERIA FOR TAX ABATEMENT – Mark White
Description:
This item is placed on the agenda in order for the Board of Regents to deliberate and take appropriate action on establishing guidelines and criteria governing tax abatement agreements, as required by Texas Tax Code Section 312.002. In the past, Amarillo College has met this requirement by adopting the City of Amarillo’s guidelines and criteria. The City of Amarillo has recently re-authorized its guidelines and criteria by Resolution No. 08-15-23-2. This Resolution is attached. A similar proposed resolution for Amarillo College is attached.
After a public hearing and discussion, the Board of Regents may elect to become eligible to participate in tax abatement and adopt the same guidelines and criteria adopted by the City of Amarillo on August 15, 2023. |
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10. BADGER BOLD UPDATE – Joe Bill Sherrod
Description:
This item is placed on the agenda in order for the Board to receive an update on Amarillo College’s Comprehensive campaign.
No action is required on this agenda item. |
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11. FINANCIAL REPORTS
Description:
The financial statements for September 30, 2023 are attached.
After discussion, the Board may wish to approve the Financial Reports. |
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12. ADJOURNMENT
Description:
NOTE: The Board of Regents will have dinner and the Status Update at 5:30 p.m. at the 8th Street Events Center, 420 West 8th, Dumas, Texas followed by the regular meeting at 6:30 p.m. |