Loading...
January 8, 2018 REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF NEDERLAND 4:30 p.m. January S, 2015 1_ MEETING The meeting was called to order at 4:30 p.m. by Mayor Nugent at the Nederland City Office Building, 207 N. 12t" Street, Nederland, Texas. See attached for quorum. The following statement was posted: "PURSIIANT TO SECTION 30_07, PENAL CODE (TRESPASS BY LICENSE HOLDER WITH AN OPENLY CARRIED FiANOGIJN), A PERSON LICENSED UNDER SUBCHAPTER H, CHAPTER 411, GOVERNMENT CODE CHANDGUN LICENSING LAW), MAY NOT ENTER THIS PROPERTY WITH A HANDGUN THAT IS CARRIED OPENLY_" 2_ INVOCATION AND PLEDGE OF ALLEGIANCE The invocation and pledge of allegiance were led by Gay Ferguson, City Clerk. 3. CONSENT AGENDA - All consent agenda items listed are considered to be routine by the City Council and will be enacted by one motion. There will be no separate discussion of these items unless a councilmen-ober so requests, in which event the item will be removed from the Consent Agenda and considered separately_ A motion was made by Councilmen-ober Neal and seconded by Mayor Pro Tem Albanese to approve the Consent Agenda Item "a" as presented. MOTION CARRIED. Ayes: Mayor Nugent, Councilmembers Austin, Neal, and Albanese_ Noes: None. Absent: Councilmember Belaire. a. Minutes — December 18, 2017 regular meeting Councilmember Belaire arrived at 4:32 4_ REGULAR AGENDA a_ A motion was made by Councilmember Austin and seconded by Mayor Pro Tem Albanese to approve the Quarterly Investment Report from the Finance C>epartment. MOTION CARRIED_ Ayes: Mayor Nugent, Councilmembers Austin, Neal, Albanese, and Belaire_ Noes: None. Minutes Continued, January 8, 2018 b. A motion was made by Mayor Pro Tem Albanese and seconded by Councilmember Neal to approve Resolution No. 2018-01, reviewing the City's Investment Policy. MOTION CARRIED. Ayes: Mayor Nugent, Councilmembers Austin, Neal, Albanese, and Belaire. Noes: None. c. A motion was made by Councilmember Neal and seconded by Councilmember Austin to authorize the acceptance of the 2018 Wilton and Effie Mae Hebert Foundation grant. MOTION CARRIED. Ayes: Mayor Nugent, Councilmembers Austin, Neal, Albanese, and Belaire. Noes: None. d. A motion was made by Councilmember Austin and seconded by Mayor Pro Tem Albanese to approve Ordinance No. 2018-01, establishing hours of operation, procedures, facility rental fees, pool rental/passes, and league fees for the Nederland Recreation and Nederland Swimming Pool. MOTION CARRIED. Ayes: Mayor Nugent, Councilmember Austin, Neal, Albanese, and Belaire. Noes: None. 5. COMMUNICATION City Manager's Report: a. Miscellaneous: • Chamber Coffee will be in the morning at 8:00 a.m. at MCT Credit Union on Highway 69 • Chamber Banquet will be January 11, 2018 at 6:00 p.m. 6. ADJOURN There being no further business a motion was made by Mayor Nugent and seconded by Councilmember Neal to adjourn the meeting at 4:44 p.m. MOTION CARRIED. Ayes: Mayor Nugent, Councilmembers Austin, Neal, Albanese, and Belaire. \\N\c)tR�/ None. •tC.,. . NQS°''' �'• .i•• = R. A. Nus,4, , Mayor City of ' erland, Texas 1111 Ga Ferguso (City C erk City of Nederland, Texas CITY OF NEDERLAND COUNCIL MEETING ATTENDANCE SHEET NAME TITLE PRESENT ABSENT / R.A. Nugent Mayor V Talmadge Austin Council Member-Ward I Billy Neal Council Member-Ward II Don Albanese Council Member-Ward III V/ Craig Belaire 4 'r_g0,-. Council Member-Ward IV Chris Duque City Manager V Gay Ferguson City Clerk V/ Jesse Branick City Attorney v Cheryl Dowden Director of Finance ry Darrell Bush Police Chief V Gary Collins Fire Chief Robert Woods Director of Public Works George Wheeler Building Official v Victoria Klehn Librarian Holly Guidry Human Resources Director V Joni Underwood Executive Secretary Angela Fanette Parks Director R . ugent, ayor a I i a Fer us�h Citylerk Y g G January 8, 2018 Date R.A."Dick"Nugent,Mayor D . Don Albanese,Mayor Pro Tern 0 - 4\ Talmadge Austin,Councilmember Billy Neal,Councilmember 71; City of NederlandCraig J.Belaire,Councilmember Christopher Duque,City Manager P.O.Box 967•Nederland,Texas 77627-(409)723-1503•FAX(409)723-1550 • 11 r r. Investment Report For the Quarter Ending September 30,2017 This report has been prepared in accordance with the Public Funds Investment Act(Section 2256.023, Government Code), which requires that a quarterly report be submitted to City Council detailing investment transactions and performance for the reporting period. Submitted by the Investment Officers of the City of Nederland • i Chris r •ue, City Manager Cheryl D• d- i irector of Finance ali-ogrmnined for Progress" City of Nederland Summary of Account Activity Total Portfolio - All Accounts For Quarter Ending September 30, 2017 Investments at Beginning of Period (7-1-17) $ 6,079,264.84 Purchases 5,335,034.40 Maturities 10,000.00 Investments at End of Period(9-30-17) $ 11,404,299.24 Maturity Summary at September 30, 2017 •Less than 3 months ■3 to 9 months O 9 to 12 months ■Greater than 12 months City of Nederland Summary of Account Activity Total Portfolio - All Accounts For Quarter Ending September 30, 2017 Balance Balance 07/01/2017 Purchases Maturities 09/30/2017 General Fund $ 4,390,753.08 $ 11,020.32 $ 4,401,773.40 Library Fund 22,503.12 57.51 22,560.63 Library Fund-Zaruk Memorial 10,000.00 10,016.80 $ 10,000.00 10,016.80 Nederland Ave. Rehab Fund 0.00 5,309,783.26 5,309,783.26 Water& Sewer Fund 1,014,481.40 2,546.26 1,017,027.66 Solid Waste Fund 514,014.03 1,290.13 515,304.16 Police Narcotics Fund 47,686.90 119.71 47,806.61 Bond Redemption Fund 79,826.31 200.41 80,026.72 $ 6,079,264.84 $ 5,335,034.40 $ 10,000.00 $ 11,404,299.24 Fund Allocation at September 30, 2017 Solid Waste Fund Police Narcotics Fund 4.52% 0.42% r Library Fund 0.20% Water&Sewer Fund 8.92% Library Fund- Zaruk Memorial Bond Redemption 0.09% Fund 0.70% Investment Report Schedule Investments for the Quarter ended September 30,2017 INVESTMENT POOL-TEXPOOL Average Days to Interest Interest Period Held Maturity Rate Market Principal Earned Book Value General Fund 07/01/17 09/30/17 1 0.9951% $ 4,390,753.08 11,020.32 $ 4,401,773.40 Water&Sewer 07/01/17 09/30/17 1 0.9951% 1,014,481.40 2,546.26 1,017,027.66 Bond Redemption Fund 07/01/17 09/30/17 1 0.9951% 79,826.31 200.41 80,026.72 Library Special 07/01/17 09/30/17 1 0.9951% 22,503.12 57.51 22,560.63 Library Special-Zaruk Memorial 07/01/17 09/30/17 1 0.9951% 10,000.00 16.80 10,016.80 Nederland Ave.Rehab Fund 07/01/17 09/30/17 1 0.9951% 5,300,000.00 9,783.26 5,309,783.26 Solid Waste Fund 07/01/17 09/30/17 1 0.9951% 514,014.03 1,290.13 515,304.16 Police Narcotic Fund 07/01/17 09/30/17 1 0.9951% 47,686.90 119.71 47,806.61 Totals for TEXPOOL Investments $ 11,379,264.84 $ 25,034.40 $ 11,404,299.24 *Texpool is rated AAAm by Standard&Poor's,which is the highest rating a local government investment pool can achieve Investment Report Schedule Investments for the Quarter ended September 30,2017 INTEREST EARNED ON DEMAND DEPOSITS Interest Earned Average Quarter ended Days to Interest September 30, Period Held Maturity Rate 2017 Bond Redemption Fund 07/01/17 09/30/17 1 0.0444% $ 15.54 Capital Outlay Fund 07/01/17 09/30/17 1 0.0444% 74.28 Court Technology Fund 07/01/17 09/30/17 1 0.0444% 0.28 Equipment Replacement Funds 07/01/17 09/30/17 1 0.0444% 233.39 Fire Department Special Fund 07/01/17 09/30/17 1 0.0444% 18.49 General Fund 07/01/17 09/30/17 1 0.0444% 1,145.26 Library Special Fund 07/01/17 09/30/17 1 0.0444% 3.70 MCML Dispatch 07/01/17 09/30/17 1 0.0444% 28.94 Motel Occupancy Tax Fund 07/01/17 09/30/17 1 0.0444% 5.34 Nederland Avenue Project 07/01/17 09/30/17 1 0.0444% 182.02 Parks&Recreation Special Fund 07/01/17 09/30/17 1 0.0444% 8.10 Police Narcotic Fund 07/01/17 09/30/17 1 0.0444% 10.97 Solid Waste Fund 07/01/17 09/30/17 1 0.0444% 239.29 Street Improvement Fund 07/01/17 09/30/17 1 0.0444% 344.50 SSES Fund 07/01/17 09/30/17 1 0.0444% 40.62 Water Plant Construction Fund 07/01/17 09/30/17 1 0.0444% 42.53 Wastewater Construction Fund 07/01/17 09/30/17 1 0.0444% 1.69 W&S Certificate Fund 07/01/17 09/30/17 1 0.0444% 16.43 Water&Sewer Fund 07/01/17 09/30/17 1 0.0444% 339.64 $ 2,751.01 Investment Report Schedule September 30, 2017 Interest Earnings for Quarter Ended September 30, 2017 Bond Redemption Fund $ 215.95 Capital Outlay Fund 74.28 Court Technology Fund 0.28 Equipment Replacement Funds 233.39 Fire Department Special Fund 18.49 General Fund 12,165.58 Library Special Fund 61.21 Library Special Fund-Zaruk Memorial 16.80 MCML Dispatch 28.94 Motel Occupancy Tax Fund 5.34 Nederland Avenue Project 9,965.28 Parks & Recreation Special Fund 8.10 Police Narcotic Account 130.68 Solid Waste Fund 1,529.42 Street Improvement Fund 344.50 SSES Fund 40.62 Water Plant Construction Fund 42.53 Wastewater Construction Fund 1.69 W & S Certificate Fund 16.43 Water& Sewer Fund 2,885.90 $ 27,785.41 CITY OF NEDERLAND RESOLUTION NO.2018-01 A RESOLUTION OF THE CITY COUNCIL APPROVING THE CITY'S INVESTMENT POLICY AS AMENDED NOW,THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NEDERLAND,TEXAS: THAT the City of Nederland's Investment Policy,substantially in the form attached hereto as"Exhibit A,"has been reviewed and is hereby adopted. All changes to the policy are reflected therein. PASSED AND APPROVED this the 8th day of January, 2018. o ��ER��� � �/16�1 _ /I pt o= R. Nuge ayor City of Ne rland, Texas • •• baigY4 /171 - ay Ferg on, City Cl City of Nederland, Texas APPROVED AS TO FORM AND LEGALITY: /`/ a4geeL Je e Bra ic City Attorney C'y of N:•erland, Texas "Exhibit A" CITY OF NEDERLAND INVESTMENT POLICY Amended 5-9-16 The purpose of this document is to set forth specific investment policy and strategy guidelines for the City of Nederland in order to achieve the goals of safety, liquidity, yield, and public trust for all investment activity. This policy serves to satisfy the statutory requirements (specifically the Public Funds Investment Act, V.T.C.A. Government Code, Chapter 2256 (the "Act") to define, adopt and review a formal investment strategy and policy. INVESTMENT STRATEGY The City of Nederland maintains portfolios which utilize four specific investment strategy considerations designed to address the unique characteristics of the fund groups represented in the portfolios: A. Investment strategies for operating funds and commingled pools containing operating funds have, as their primary objective, to assure that anticipated cash flows are matched with adequate investment liquidity. The secondary objective is to create a portfolio structure which will experience minimal volatility during economic cycles. The dollar weighted average maturity of 365 days or less will be calculated using the stated final maturity date of each security. B. Investment strategies for debt service funds shall have as the primary objective the assurance of investment liquidity adequate to cover the debt service obligations on the required payment date. Securities purchased shall not have a stated final maturity date which exceeds the debt service payment date. C. Investment strategies for debt service reserve funds shall have as the primary objective the ability to generate a dependable revenue stream to the appropriate debt service fund from securities with a low degree of volatility. Securities should be of high quality and, except as may be required by the bond ordinance specific to an individual issue, of short to intermediate-term maturities. Volatility shall be further controlled through the purchase of securities carrying the highest coupon available, within the desired maturity and quality range, without paying a premium, if at all possible. Such securities will tend to hold their value during economic cycles. D. Investment strategies for special projects or special purpose fund portfolios will have as their primary objective to assure that anticipated cash flows are matched with adequate investment liquidity. The stated final maturity dates of securities held should not exceed the estimated project completion date. I. SCOPE The investment policy applies to all financial assets of the City of Nederland. The funds are accounted for in the City's Comprehensive Annual Financial Report (CAFR) and include: *General Fund *Special Revenue Funds *Debt Service Funds *Capital Project Funds *Enterprise Funds *Internal Service Funds *Any new fund created by the legislative body, unless specifically exempted II. OBJECTIVES The City of Nederland shall manage and invest its cash with four objectives, listed in order of priority: Safety, Liquidity, Yield, and Public Trust. The safety of the principal invested always remains the primary objective. All investments shall be designed and managed in a manner responsive to the public trust and consistent with State and Local law. The City shall maintain a comprehensive cash management program which includes collection of accounts receivable, vendor payment in accordance with invoice terms, and prudent investment of available cash. Cash management is defined as the process of managing monies in order to insure maximum availability and maximum yield on short-term investment of pooled idle cash. SAFETY The primary objective of the City's investment activity is the preservation of capital in the overall portfolio. Each investment transaction shall be conducted in a manner to avoid capital losses, whether they be from securities defaults or erosion of market value. LIQUIDITY The City's investment portfolio shall be structured such that the City is able to meet all obligations in a timely manner. This shall be achieved by matching investment maturities with forecasted cash flow requirements. 2 YIELD The City's cash management portfolio shall be designed with the objective of attaining a rate of return throughout budgetary and economic cycles, commensurate with the City's investment risk constraints and the cash flow characteristics of the portfolio. PUBLIC TRUST All participants in the City's investment process shall seek to act responsibly as custodians of the public trust. Investment officials shall avoid any transactions which might impair public confidence in the City's ability to govern effectively. III. RESPONSIBILITY AND CONTROL DELEGATION OF AUTHORITY AND TRAINING Authority to manage the City's investment program is derived from an ordinance approved by the City Council. The Director of Finance and the City Manager are designated as investment officers of the City and are responsible for investment decisions and activities. The Director of Finance shall establish written procedures for the operation of the investment program, consistent with this investment policy. TRAINING The investment officers shall attend at least one training session relating to the officer's responsibility under the Act within twelve (12) months after assuming duties, and not less than (8) eight hours of training every (2) two years, relating to their investment responsibilities. The two-year period shall begin on the first day of the City's fiscal year and consist of the two consecutive fiscal years after that date. Training must include education in investment controls, security risks, strategy risks, market risks, diversification, and compliance with the PFIA. The training must be provided by an independent source approved by the governing body or designated investment committee. For these purposes, courses or seminars offered by the Government Finance Officers Association, Government Finance Officers Association of Texas, Texas Municipal League, Southwest School of Government Finance, University of North Texas, North Central Texas Council of Governments, Texas Association of Counties, Treasury Management Association or the Government Treasurers Organization of Texas will satisfy the training requirements. INTERNAL CONTROLS The Director of Finance is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the entity are protected from 3 loss, theft or misuse. The internal control structure shall be designed to provide reasonable assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. Accordingly, the Director of Finance shall establish a process for annual independent review by an external auditor to assure compliance with policies and procedures. PRUDENCE The standard of prudence to be applied by the investment officer shall be the prudent investor rule which states: All investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived. In determining whether an officer has exercised prudence with respect to an investment decision, the determination shall be made taking into consideration: 1. The investment of all funds, or funds under the City's control, over which the officer had responsibility rather than a consideration as to the prudence of a single investment. 2. Whether the investment decision was consistent with the written policy of the City. The investment officer, acting in accordance with written procedures and exercising due diligence, shall not be held personally responsible for a specific security's credit risk or market price changes, provided that these deviations are reported immediately and that appropriate action is taken to control adverse developments. ETHICS AND CONFLICTS City staff involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair the ability to make impartial investment decisions. City staff shall disclose to the City Manager any material financial interests in financial institutions that conduct business with the City and they shall further disclose positions that could be related to the performance of the City's portfolio. City staff shall subordinate their personal financial transactions to those of the City, particularly with regard to timing of purchases and sales. An investment officer of the City, who has a personal business relationship with an organization seeking to sell an investment to the City, shall file a statement disclosing that personal business interest. An investment officer who is related 4 within the second degree by affinity or consanguinity to an individual seeking to sell an investment to the City shall file a statement disclosing that relationship. A statement required under this subsection must be filed with the Texas Ethics Commission and the governing body of the entity. IV. REPORTING QUARTERLY REPORTING The Director of Finance shall submit a signed quarterly investment report that summarizes investment transactions for all funds covered under this policy for the preceding reporting period. The quarterly investment report shall include a succinct management summary that provides a clear picture of the status of the current investment portfolio and transactions made over the last quarter. This management summary will be prepared in a manner which will allow the City to ascertain whether investment activities during the reporting period have conformed to the investment policy. The report will be provided to the City Manager and City Council. The report will include the following: A. A listing of the individual securities held at the end of the reporting period. B. Additions and changes to the market value during the period. C. Listing of investments by maturity date. D. Statement of compliance of the City's investment portfolio with State Law and the investment strategy and policy approved by the City Council. V. INVESTMENT PORTFOLIO Assets of the City of Nederland may be invested in the following instruments provided, however, that at no time shall assets of the City be invested in any instrument or security not authorized for investment under the Act, as the Act may from time to time be amended. AUTHORIZED INVESTMENTS A. Obligations of the United States of America, its agencies and instrumentalities. B. Direct obligations of the State of Texas and agencies thereof. C. Other obligations, the principal of and interest on which are unconditionally 5 guaranteed by the State of Texas or United States of America. D. Obligations of the States, agencies thereof, Counties, Cities, and other political subdivisions of any state having been rated as investment quality by a nationally recognized investment rating firm, and having received a rating of not less than "A" or its equivalent. E. Certificates of Deposit of state and national banks domiciled in Texas, guaranteed or insured by the Federal Deposit Insurance or its successor or secured by obligations described in A through D above, which are intended to include all direct agency or instrumentality issued mortgage backed securities rated AAA by a nationally recognized rating agency, or by Article 2529b-1, V.T.C.S., and that have a market value of not less than the principal amount of the certificates. F. Fully collateralized direct repurchase agreements with a defined termination date secured by obligations of the United States or its agencies and instrumentalities pledged with a third party, selected by the Director of Finance, other than an agency for the pledger. Repurchase agreements must be purchased through a primary government securities dealer, as defined by the Federal Reserve, or a bank domiciled in Texas. G. Investments Pools which follow practices allowed by current law and are rated not less than AAA or an equivalent rating by at least one nationally recognized rating agency. Investments in such pools shall be limited to 60% of the City's entire portfolio. H. Not less than quarterly, the Investment Officers will monitor the credit rating for each held investment that has a Public Fund Investment Act required minimum rating. NOT AUTHORIZED The City's authorized investments options are more restrictive than those allowed by State law. State law specifically prohibits investment in the following investment securities. A. Obligations whose payment represents the coupon payments on the outstanding principal balance of the underlying mortgage-backed security collateral and pays no principal. B. Obligations whose payment represents the principal stream of cash flow from 6 the underlying mortgage-backed security collateral and bears no interest. C. Collateralized mortgage obligations that have a stated final maturity date of greater than ten (10) years. D. Collateralized mortgage obligations the interest rate of which is determined by an index that adjusts opposite to the changes in a market index. HOLDING PERIOD The City of Nederland intends to match the holding periods of investment funds with liquidity needs of the City. In no case will the average maturity of investments of the City's operating funds exceed two (2) years. The maximum final stated maturity of any investment shall not exceed five (5) years. Investments in all funds shall be managed in such a way that the market price losses resulting from interest rate volatility would be offset by coupon income and current income received from the volume of the portfolio during a twelve (12) month period. RISK AND DIVERSIFICATION The City of Nederland recognizes that investment risks can result from issuer defaults, market price changes, or various technical complications leading to temporary illiquidity. Risk is controlled through portfolio diversification which shall be achieved by the following general guidelines: A. Risk of issuer default is controlled by limiting investments to those instruments allowed by the Act, which are described herein. B. Risk of market price changes shall be controlled by avoiding over-concentration of assets in a specific maturity sector, limitation or average maturity of operating funds investments to one year, and avoidance of over-concentration of assets in specific instruments other than U.S. Treasury Securities and Insured or Collateralized Certificates of Deposit. C. Risk of illiquidity due to technical complications shall be controlled by the selection of securities dealers as described herein. VI. SELECTION OF BANKS AND DEALERS DEPOSITORY At least every five (5) years a Depository shall be selected through the City's banking 7 services procurement process. In selecting a depository, the credit worthiness of institutions shall be considered, and the Director of Finance shall conduct a review of prospective depositories credit characteristics. SECURITIES DEALERS All financial institutions and broker/dealers who desire to become qualified for investment transactions must supply the following as appropriate: *Proof of National Association of Securities Dealers (NASD) certification; *Proof of state registration; *Certification of having read the City's investment policy signed by a registered principal of the organization; and *Acknowledgment that the organization has implemented reasonable procedures and controls in an effort to preclude imprudent investment activities arising out of investment transactions conducted between the City and the organization. VII. SAFEKEEPING AND CUSTODY INSURANCE OR COLLATERAL All deposits and investments of City funds other than direct purchases of U. S. Treasuries or Agencies shall be secured by pledged collateral. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 100% of market value of principal and accrued interest on the deposits or investments less an amount insured by the FDIC or FSLIC. Evidence of the pledged collateral shall be maintained by the Director of Finance or a third party financial institution. Collateral shall be reviewed monthly to assure that the market value of the pledged securities is adequate. SAFEKEEPING AGREEMENT Collateral pledged to secure deposits of the City shall be held by a safekeeping institution in accordance with a safekeeping agreement which clearly defines the procedural steps for gaining access to the collateral should the City of Nederland determine that the City's funds are in jeopardy. The safekeeping institution, or Trustee, shall be the Federal Reserve Bank or an institution not affiliated with the firm pledging the collateral. COLLATERAL DEFINED The City of Nederland shall accept only the following securities as collateral: A. FDIC insurance coverage; B. Direct obligations of the United States or its agencies and instrumentalities; 8 C. Obligations, the principal and interest on which, are unconditionally guaranteed or insured by the State of Texas; and/or D. A bond of the State of Texas or of a county, city or other political subdivision or the State of Texas having been rated as investment grade (investment rating no less than "A" or its equivalent) by a nationally recognized rating agency with a remaining maturity of ten (10) years or less. SUBJECT TO AUDIT All collateral shall be subject to inspection and audit by the Director of Finance or the City's independent auditors. DELIVERY VS. PAYMENT Treasury Bills, Notes, Bonds and Governmental Agencies' securities shall be purchased using the delivery vs. payment method. That is, funds shall not be wired or paid until verification has been made that the correct security was received by the Trustee. The security shall be held in the name of the City or held on behalf of the City. The Trustee's records shall assure the notation of the City's ownership of or explicit claim on the securities. The original copy of all safekeeping receipts shall be delivered to the City. VIII. INVESTMENT POLICY ADOPTION The City of Nederland investment policy shall be adopted by resolution of the City Council. The policy shall be reviewed for effectiveness on an annual basis by the City Council. 9 GLOSSARY OF COMMON TREASURY TERMINOLOGY Agencies: Federal agency securities. with finance-related legal and contractual provisions, extensive Asked: The price at which securities are introductory material, and a detailed offered. Statistical Section. Bid: The price offered for securities. Coupon: (a) The annual rate of interest that a bond issuer promises to pay the Broker: A broker brings buyers and bondholder on the bond's face value. sellers together for a commission paid (b) A certificate attached to a bond by the initiator of the transaction or by evidencing interest due on a payment both sides; he does not position. In the date. money market, brokers are active in markets in which banks buy and sell Dealer: A dealer, as opposed to a money and in interdealer markets. broker, acts as a principal in all transactions, buying and selling for his Certificate of Deposit (CD): A time own account. deposit with a specific maturity evidenced by a certificate. Large- Debenture: A bond secured only by the denomination CD's are typically general credit of the issuer. negotiable. Delivery versus payment: There are two Collateral: Securities, evidence of methods of delivery of securities: deposit or other property which a delivery versus payment and delivery borrower pledges to secure repayment versus receipt (also called free). of a loan. Also refers to securities Delivery versus payment is delivery of pledged by a bank to secure deposits of securities with an exchange of money public monies. for the securities. Delivery versus receipt is delivery of securities with an Comprehensive Annual Financial exchange of a signed receipt for the Report (CAFR): The official annual securities. report for the City of Nederland. It includes five combined statements and Discount: The difference between the basic financial statements for each cost price of a security and its value at individual fund and account group maturity when quoted at lower than prepared in conformity with GAAP. It face value. A security selling below also includes supporting schedules original offering price shortly after sale necessary to demonstrate compliance also is considered to be at a discount. 10 Discount Securities: Non-interest payment of principal and interest. bearing money market instruments that are issued at a discount and redeemed Federal Open Market Committee at maturity for full face value, e.g., U. S. (FOMC): Consists of seven (7) members Treasury bills. of the Federal Reserve Board and five (5) of the twelve (12) Federal Reserve Bank Diversification: Dividing investment Presidents. The President of the New funds among a variety of securities York Federal Reserve Bank is a offering independent returns. permanent member while the other Presidents serve on a rotating basis. Federal Credit Agencies: Agencies of the The Committee periodically meets to set Federal government set up to supply Federal Reserve guidelines regarding credit to various classes of institutions purchases and sales of Government and individuals, e.g., S 8s L's, small Securities in the open-market as a business firms, students, farmers, farm means of influencing the volume of cooperatives, and exporters. bank credit and money. Federal Deposit Insurance Corporation Federal Reserve System: The central (FDIC): A federal agency that insures bank of the United States created by bank deposits, currently up to Congress and consisting of a seven (7) $100,000 per deposit. member Board of Governors in Washington, D. C., twelve (12) regional Federal National Mortgage Association banks and approximately 5,700 (FNMA): FNMA, like GNMA, was commercial banks that are members of chartered under the Federal National the system. Mortgage Association Act in 1938. Government National Mortgage FNMA is a federal corporation working Association (GNMA or Ginnie Mae): under the auspices of the Department Securities guaranteed by GNMA and of Housing and Urban Development, issued by mortgage bankers, H.U.D. It is the largest single provider commercial banks, savings and loan of residential mortgage funds in the associations, and other institutions. United States. Fannie Mae, as the Security holder is protected by full faith corporation is called, is a private and credit of the U. S. Government. stockholder-owned corporation. The Ginnie Mae securities are backed by corporation's purchases include a FHA, VA, or FMHM mortgages. variety of adjustable mortgages and second loans in addition to fixed-rate Liquidity: A liquid asset is one that can mortgages. FNMA's securities are also be converted easily and rapidly into highly liquid and are widely accepted. cash without a substantial loss of value. FNMA assumes and guarantees that all In the money market, a security is said security holders will receive timely to be liquid if the spread between bid 11 and asked prices is narrow and Money Market: The market in which reasonable size can be done at those short-term debt instruments (bill, quotes. commercial paper, bankers' acceptances, etc.) are issued and Local Government Investment Pool traded. (LGIP): The aggregate of all funds from political subdivisions that are placed in Open Market Operations: Purchases the custody of the State Treasurer for and sales of government and certain investment and reinvestment. other saturates in the open market by the New York Federal Reserve Bank as Market Value: The price at which a directed by the FOMC in order to security is trading and could influence the volume of money and presumably be purchased or sold. credit in the economy.. Purchases inject reserves into the bank system and stimulate growth of money and Master Repurchase Agreement: To credit; sales have the opposite effect. protect investors, many public investors Open market operations are the Federal will request that repurchase agreements Reserve's most important and most be preceded by a master repurchase flexible monetary policy tool. agreement between the investor and the financial institution or dealer. The Portfolio: Collection of securities held by master agreement should define the an investor. nature of the transaction, identify the relationship between the parties, Primary Dealer: A group of government establish normal practices regarding securities dealers that submit daily ownership and custody of the collateral reports of market activity and positions securities during the term of the and monthly financial statements to the investment, provide remedies in the Federal Reserve Bank of New York and case of default by either party and are subject to its informal oversight. clarify issues of ownership. The master Primary dealers include Securities and repurchase agreement protects the Exchange Commission (SEC) registered investor by eliminating the uncertainty securities broker-dealers, banks, and a of ownership and hence, allowing few unregulated firms. investors to liquidate collateral if a bank or dealer defaults during the term of the Prudent Person Rule: An investment agreement. standard. Investments shall be made with judgment and care, under Maturity: The date upon which the circumstances then prevailing, which principal or stated value of an persons of prudence, discretion and investment becomes due and payable. intelligence exercise in the management of their own affairs, not for speculation, 12 but for investment, considering the Most bills are issued to mature in three probable safety of their capital as well (3) months, six (6) months, or one (1) as the probable income to be derived. year. Qualified Public Depositories: A Treasury Bond: Long-term U. S. financial institution which does not Treasury securities having initial claim exemption from the payment of maturities of more than ten (10) years. any sales or compensating use or ad valorem taxes under the laws of this Treasury Notes: Intermediate term state, which has segregated for the coupon bearing U. S. Treasury benefit of the commission eligible securities having initial maturities from collateral having a value of not less than one (1) to ten (10) years. its maximum liability, and which has been approved by the Public Deposit Yield: The rate of annual income return Protection Commission to hold public on an investment, expressed as a deposits. percentage. (A) Income Yield is obtained by dividing the current dollar Rate of Return: The yield obtainable on income by the current market price of a security based on its purchase price the security. (B) Net Yield or Yield to or its current market price. This may maturity is the current income yield be the amortized yield to maturity on a minus any premium above par or plus bond or the current income return. any discount from par in purchase price, with the adjustment spread over Safekeeping: A service to customers the period form the date of purchase to rendered by banks for a fee whereby the date of maturity of the bond. securities and valuables of all types and descriptions are held in the bank's vaults for protection. Secondary Market: A market made for the purchase and sale of outstanding issues following the initial distribution. Securities & Exchange Commission: Agency created by Congress to protect investors in securities transactions by administering securities legislation. Treasury Bills: A non-interest bearing discount security issued by the US. Treasury to finance the national debt. 13 ORDINANCE NO. 2018-01 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NEDERLAND, TEXAS ESTABLISHING HOURS OF OPERATION, PROCEDURES, FACILITY RENTAL FEES, POOL RENTAL/PASSES, AND LEAGUE FEES FOR THE NEDERLAND RECREATION CENTER AND THE NEDERLAND SWIMMING POOL AS SHOWN IN EXHIBIT "A"; REPEALING ORDINANCE NO. 2017-04; AND ESTABLISHING AN EFFECTIVE DATE. WHEREAS,the Nederland Parks&Recreation Board has reviewed the presented revisions to the parks schedule of fees ordinance and recommends its adoption to the Nederland City Council;and WHEREAS,the City Council of the City of Nederland has been presented with hours of operation, procedures, and a schedule of fees for the Nederland Recreation Center and the swimming pool for its acceptance and adoption;and WHEREAS,the City Council of the City of Nederland deems it advisable and to be in the best interest of the citizens of Nederland to adopt the hours of operation, procedures, and fee schedule for the Nederland Recreation Center and the swimming pool as shown in Exhibit"A" attached;and NOW,THEREFORE,BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF NEDERLAND, TEXAS THAT: Section 1. The hours of operation, procedures, and fee schedules as shown in Exhibit "A"attached,which is incorporated herein by reference,is hereby approved and adopted;and Section 2. Ordinance No. 2017-04 shall be repealed when this Ordinance becomes effective;and Section 3. This ordinance shall take effect and be in force from and after its passage. PASSED AND APPROVED by the City Council of the City of Nederland this the 8T"day of JANUARY,2018. ``aawiwmun,, o`( �D` To, �A _:',, ,, ,��,:z_ / ,e,f,�- u- '` )%r R.A.Nugent I' ayor %C-6...:"-=-4, '-..•(, City of Nederland,Texas qedapio 'S>, . 44(-/d71*. ay Fergus ,City Clerk City of Nederland,Texas APPROVED AS TO FORM AND LEGALITY: re _le .e Bran k, y Attorney y of N-.erland,Texas RECREATION BUILDING FACILITY USE HOURS OF OPERATION Open for Public Use Business hours Private use/After hours Monday-Thursday 10 a.m.-8 p.m. N/A Friday 10 a.m.-5 p.m. 5:00 p.m.-10 p.m. Saturday 11 a.m.-5 p.m. 5:00 p.m.-10 p.m. Sunday Closed 11:30 a.m.-8 p.m. RECREATIONAL FACITILTY USE FEES Any and all fees may be waived at any time by City Council action. RECREATION BUILDING NON-RESIDENT FEES NISD Students(under 19 with valid School ID) No charge Dash Monthly Quarterly Annual Other Non-residents(full building use) $8.00 S30.00 S80.00 S200.00 College Students S5.00 Monthly Quarterly Auurm! I-Ioop-N-Spike Club(Gym&Weight Room use only) S20.00 $50.00 S120.00 Racquetball Club(racquetball court only) S20.00 S50.00 S120.00 All patrons,resident and non-resident,must register at front desk to be granted use of facility I.D.Required for entry-no one under the age of 12 will be granted admittance without adult supervision. RECREATION BUILDING RENTAL FEES All activities and applications must be approved by the Parks 8,Recreation Director before transaction is finalized. The Parks&Recreation Director retains the right to refuse facility rental to any individual or organization for any reason. All after-hour functions must be reserved five business days before desired date. Resident Current Rates Proposed Rates Hourly Rates Business After Hours Deposit Business After Hours Deposit Hours Hours Racquetball (per player,max two $2.00 N/A N/A $2.00 N/A N/A hours) Gymnasium (2-hour minimum)- N/A $40.00 $100.00 N/A $50.00 N/A After hours only Game Room-After hours N/A $40.00 $40.00 N/A $50.00 N/A only Van Gogh (Rooms 111/112) $30.00 $40.00 $20.00 $40.00 $50.00 N/A (3-hour minimum) Rembrandt (Room 129) $30.00 $40.00 $20.00 $40.00 $50.00 N/A (3-hour minimum) Kitchen $5.00 $5.00 N/A $10.00 $10.00 N/A Three Rooms N/A $120.00 (3-hour minimum) $160.00 N/A $150.00 N/A Vermeer N/A N/A N/A N/A N/A N/A (Room 124) Outdoor Facilities N/A N/A $100.00 N/A N/A N/A (permit issued) "'Functions exceeding 75 up to 100 persons will be charged$1.00 per person over 75. The deposit is refunded as long as everything is cleaned and no damage is done to the facility. Non- Current Rates Proposed Rates Resident Hourly Rates Business After Hours Deposit Business After Hours Deposit Hours Hours Racquetball (per player,max two $5.00 N/A N/A $5.00 N/A N/A hours) Gymnasium (2-hour minimum)- N/A $55.00 $100.00 N/A $65.00 N/A After hours only Game Room- N/A $55.00 $40.00 N/A $65.00 N/A Alter hours only Van Gogh (Rooms 111/112) $40.00 $55.00 $20.00 $50.00 $65.00 N/A (3-hour minimum) Rembrandt (Room 129) $40.00 $55.00 $20.00 $50.00 $65.00 N/A (3-hour minimum) Kitchen $10.00 $10.00 N/A $15.00 $15.00 N/A Three Rooms N/A $165.00 $160.00 N/A $195.00 N/A (3-hour minimum) Vermeer N/A N/A N/A N/A N/A N/A (Room 124) Outdoor Facilities N/A N/A $100.00 N/A N/A N/A (permit issued) ""Functions exceeding 75 up to 100 persons will be charged$2.50 per person over 75. The deposit is refunded as long as everything is cleaned and no damage is done to the facility. LEAGUE FEES Softball $325.00/team Includes Affiliation dues&official's fees Basketball-Residents $125.00/team Teams pay officials(referees,scorekeeper) Basketball-Non-Residents 5175.00/team Teams pay officials(referees,scorekeeper) Volleyball S 50.00/team Teams pay officials(referees,scorekeeper) Random Draw volleyball tournaments S5.00/participant Vendor Fees for City of Nederland Parks&Recreation Special Events-Current Electrical Spaces Non-Electrical Spaces Events lasting 1-5 hours $25 $15 Events lasting 5 or more hours $45 $20 Vendor Fees for City of Nederland Parks&Recreation Special Events-Proposed Electrical Spaces Non-Electrical Spaces Events Vendor Fees $45 $25 The Director of Parks&Recreation has the right to limit number of spaces available based on the need of each event. The City of Nederland reserves the right to refuse vendors for airy event for any reason.No water services or other facilities are guaranteed with any vendor set up or reservation.All vendors must sign a hold harmless agreement to participate. All vendors are responsible for their own permits to participate.Non- profits willing to participate may have one non-electrical vendor space at no cost with the Director of Parks &Recreation approval. Code of Conduct • A resident is considered any person that leases, rents or owns property within the city limits of Nederland. Proof of residency is required. This includes a VALID Texas Driver's License or ID card issued by the Texas Department of Public Safety which shows and current address and proof of current address is also required and includes a water bill or utility bill. These items must be dated within the most recent thirty(30)days. Failure to comply will result in non-resident fee payment for services. ALL THOSE WISHING TO USE THE FACILITY MUST PRESENT AN ID • Active members of the United States Armed Forces,with valid military I.D.,will be given resident status for facility use and rental fees. • Neither alcoholic nor tobacco products of any kind are allowed in building,no exceptions. Smokers are required to be at least 50 feet from recreational facility entrances. • Only residents are allowed reserve racquetball courts. Non-resident must be with resident to play racquetball, unless a non-resident membership is purchased. Minimum age for racquetball participants without adult supervision is 16-years-old. • No children under the age of 12 will be allowed in the facility without A PARENT OR GUARDIAN PRESENT AT ALL TIMES. • No open flames will be allowed in the park or any of its facilities. Rental Stipulations • Applications—Rental applicants are required to provide all pertinent information relating to function at time of application. Fees for an event must be paid in full(including the deposit)in order for a date to be reserved. Renters are required to provide at least two working contact numbers;failure to provide two working phone numbers result in an automatic cancellation,and the rental fee will Commented(Si]:From 'to"may' be returned. Residents are not allowed to reserve for non-residents to circumvent appropriate payment. -------- --- -- •.. .-= - - :-- ::--. required to clean up _ - Applicants are re u' after use of the facility(put up tables and chairs,empty trash,sweep and mop). • Chaperones—For every seven(7)children under the age of 18 in attendance at any private function, one(1)adult must be designated by the applicant to monitor facility use. Applicants are responsible for the behavior of all guests using the facility. Failure to meet this stipulation will result in forfeiture of deposit. • Approved activities—Only approved activities will be allowed in the facility.The Parks and Recreation Director reserves the right to define what is or is not acceptable.Anyone wishing to use the facility agrees not to enter into any other rental agreements or contract of any kind for products or services (djs,moon bounces,tents,catering,etc.)The attendant on duty will provide answers to questions about clean-up, outline building usage, screen other patrons entering building during private functions and grant access to a telephone for emergencies only. The gym is available for athletic/recreational use only. Failure to meet this stipulation will result in forfeiture of deposit. • Time Allotment—For all functions the attendant on duty will conduct building inspections and allow admittance into reserved room(s) 15 minutes before scheduled time of function. Any extra preparation time must be included in rental application and reservation. All clean-up and restoration must be included in allotted time of reservation. Failure to meet this stipulation will result in forfeiture of deposit. • Decorations—No glitter or confetti are allowed as decoration. No thumbtacks,hot-glue,or tape may be used to hang decorations on walls. Nothing may be hung from the ceiling tiles or ceiling grid. • Cancellations- Cancellation of facility rentals will be honored up to 14 days prior to the rental; payment will be forfeited for cancellation,for any reason,within 14 days. • Security—Security shall be defined as an off-duty law-enforcement officer appointed or approved by the Nederland Police Department Assistant Chief of Police,to be on the Recreation Building premises for duration of scheduled function. o All security arrangements are to be made through the Nederland Police Department's Assistant Chief or his designee. arrangements. o All functions exceeding 75 people are subject to security arrangements. o Applicants are responsible for security arrangements when relevant,and must be confirmed within 24 hours of application,otherwise the function will be cancelled. • Merchant Fee—Anytime the facility is used for an event that is staged for profit or fund raising,a $200 merchant fee will be charged. This fee is in addition to all regular fees and deposits. o The Director of Parks&Recreation reserves the right to deny use of the facility;such action may be appealed to the City Council. o Food vendors are required to secure permits needed for sale of food items. o City sponsored or co-sponsored events shall not be subject to Merchant Fee. • Non-profit Organizations All Nederland-based non-profit organizations (youth league board, Chamber of Commerce committees,Scout organizations,etc.)may apply for and use the Vermeer meeting room at no charge,but are subject to Recreation Building schedules. • Renter of any facility of the City of Nederland Parks&Recreation Department must be on site at all times,otherwise deposit will be forfeited and the party will be asked to leave the premises. RENTERS MUST PROVIDE ID UPON ARRIVAL. NEDERLAND SWIMMING POOL HOURS OF OPERATION - Current Times Monday Tuesday Wednesday 'Thursday Friday Saturday Sunday 9:00 AM 9:15 AM • SentorSwlm:9:00-9:45 9:30 AM - - - - - Closed 9:45 AM 10:00 AM 10:15AM 10:30 AM Swim Lessons: 10:45 AM 9:45-11:45 Closed 11:00 AM Pool Party: 11:15 AM 10:30-12:00 11:30 AM 11:45 AM 12.•00 PM 12:15 PM Cleaning:12:00-12:30 12:30 PM 12:45 PM C 1:00 PM 1:15 PM 3:30 PM 1:45 PM 2:00 PM 2:15 PM Open Swim: Open Swim: 2:30 PM 12:30-4:30 12:30.4:30 2:45 PM 3:00 PM O Open Swim: 3:15 PM 1:00-5:30 3:30 PM 3:45PM S 4:0000 PM 4:15 PM 4:30 PM 4:45 PM 5:00 PM 5:15 PM Pool Party: Swim Lesson:SAO-6:00 5:30 PM 4:45-6:15 5:45 PM 6:00 PM 6:15 PM Pool Party: 6:30 PM Pool Party: Pool Party: Pool Party: 5d5-7:15 6:45 PM •6:00-7:30 6:00.7:30 6:00-7:30 7:00 PM Family Night Swim: Pool Party: 7:15 PM 6:00.8:30 6:30-8:00 Party Add On: 7:30 PM -_ 7:15-7:45 7A5 PM 8:00 PM 8:15 PM Pool Party: Pool Party: Pool Party: 8:30 PM 7A5-9:15 7:45-9:15 7A5.9:15 8:45 PM Pool Party: 9:00 PM 8:15-9:45 9:15 PM Party Add On: Party Add On: Party Add On: 9:30 PM 9:15-9:45 9:15-9:45 9:15-9A5 9A5 PM 10:00 PM HOURS OF OPERATION - Proposed Times Monday Tuesday !Wednesday (Thursday !Friday Saturday Sunday 9:00 AM 9:15 AM Senior Swun:9A0 945 9:30 Ad .. , Gored 9:45 AM 10:00 AM 10:15 AM 10:30 AM Swim Lessons: 10:45 AM 9:45-11:45 11:00 AM Pool Party: Closed 11:15 AM 10:30-12:00 11:30 AM 11:45 AM 32:00 PM Cleaning:12:00-12:30 12:15 PM 12:30 PM 12:45 PM C 1:00 PM 1:15 PM 1:30 PM 1:45 PM 2:00 PM 2:15 PM Open Swim: Open Swim: 2:30 PM 12:30.4:30 32:30-4:30 2:45 PM 3:00 PM O Open Swim: 3:15 PM 1:00.5:30 3:30 PM 3:45 PM S 4:00 PM 4:15 PM 4:30 PM 4:45 PM 5:00 PM 5:15 PM Swim Lesson:5:00-6:00 Pool Parry. 5:30 PM 4:45-6:15 5:45 PM 6:00 PM D Break:6:00-6:15 6:15 PM Pool Parry: 6:30 PM 5:45.7:15 6:45 PM Pool Party: Pool Party: Pool Party. 7:00 PM 6:15-7:45 6:15-7:45 6:15-7:45 Pool Party: _ 7:15 PM Famly Night Swim: 6:30-8:00 Party Add On: 7:30 PM 6:15-8:45 7:15-7:45 7:45 PM 8:00 PM 8:15 PM 8:30 PM Pool Party- Pool Party: Pool Party: 8:45 PM 8:00-9:30 8:00-9:30 8:00-9:30 Pool Party: 9:00 PM 8:15-9:45 9:15 PM 9:30 PM Party Add On: Party Add On: Party Add On: 9:45 PM 9:30-10:00 9:30-10:00 9:30-10:00 10:00 PM POOL FEES CURRENT PROPOSED Non- Non- • Resident Resident Resident Resident PRIVATE POOL PARTY 1-30 swimmers $ 150 $ 200 $ 150 $ 200 31-50 swimmers $ 175 $ 225 $ 175 $ 225 51-75 swimmers $ 200 $ 250 1$ 200 $ 2501 commented[S2]:All these stay the same 76-125*swimmers $ 225 $ 275 $ 250 $ 300 *125 is capacity PARTY ADD ON* 1-50 swimmers - - $ 35 $ 45 51-125 swimmers - - $ 45 $ 60 'For last party of the day only OPEN SWIM 49 inches and up $ 4.00 $ 8.00 $ 4.00 $ 10.00 41-48 inches with adult admin $ 2.00 $ 5.00 $ 2.00 $ 7.00 Under 41 inches with adult admin Free Free Free $ 3.00 Senior Citizen(over age of 55) - $ 3.00 - $ 3.00 Adult with Military ID - $ 1.00 - $ 1.00 SWIM LESSON Swim Lesson Group $ 60 $ 70 $ 60 $ 70 Swim Lesson Private 4 days $ 75 $ 85 $ 75 $ 85 Swim Lesson Private 8 days $ 130 $ 150 $ 130 $ 150 Season Swim Passes Single(resident): S80 Single(non-resident): S120 Family of 4(resident): $160 add S10 per additional members up to seven total Family of 4(non-resident): S200 add S10 per additional members up to seven total Replacement Pass S10 A total of 100 family passes and 50 individual passes will be available for purchase each season. Notes: Open Swim: o During the daily Open Swim,the fee for admission for residents and non-residents is half the normal price for the final hour of open swim(3:30-4:30pm Tuesday-Saturday,4:30-5:30pm on Sunday. Single pass: o Only valid for swimmers over the age of 10. o Parent consent and emergency contact information required at application. o No admission/attendance requirements. Family passes: o All children under age of 10 require parent/guardian/adult supervision at all times,no exceptions. o Non-relative adults(baby-sitters,neighbors,etc)may be listed on application. o Additional members may be added up to seven(7)family members.Changes cannot be made to the pass during the pool season. r • Swimming Pool Code of Conduct: • The normal swim season is from Memorial Day to Labor Day. • Rental applicants are required to provide all pertinent information relating to function at time of application.Applicants are required to provide at least two working contact numbers;failure to provide two working phone numbers nal result in an automatic cancellation,and the rental fee __--4 Commented ES3]:Changed from"will"to"may" will be returned.The deposit full payment amount must be submitted with application before any party slot is reserved. All reservations must be made in person,no dates will be held without application andit full payment.Residents are not allowed to reserve for non-residents to circumvent appropriate payment. • Cancellations of pool parties will be honored up to 14 days prior to the rental;payment will be forfeited for cancellation,for any reason,within 14 days. • Rental applicants are responsible for the behavior of all guests using the facility. • Additional staff requirements resulting from excess swimmers, damage to the facility, or the addition of chemical to the poolay!result in a minimum$40.00 fee for the rental applicant in Commented[54]:Changed from"will"to••mai" addition to the pool rental fees.Additional fees may result due to damage,required chemical treatments,or other costs incurred by the department due to rental. I Commented[S5]:Added last sentence. • Renter of any facility of the City of Nederland Parks&Recreation Department must be on site at all times,otherwise deposit will be forfeited and the party will be asked to leave the premises. RENTERS WILL BE ASKED TO PROVIDE ID UPON ARRIVAL. • No private parties are allowed during public swim hours. • Neither alcoholic nor tobacco products of any kind are allowed on premises, no exceptions. Smokers are required to be at least 50 feet from recreational facility entrances. • No glass containers of any sort,kind or variety allowed;no exceptions. • Public swim patrons are allowed to bring ONE hydrating-style beverages—such as bottled water, tap water in exercise-style personal drinking bottle,sports drinks,etc.—all of which are subject to pool management and staff inspection. • No outside food allowed,except for Family Night and private rental events. INe-eeeking-er-epen ••• -- •• _e- -- - •• - .. ..- . - Pc OGLER FEE OF$10 MAY �Commented[S6]:Removed sentence. BE ASSESSED PER DAY FOR PATRONS WISHING TO BRING IN OUTSIDE FOOD OR DRINK. COOLERS WILL BE SUBJECT TO STAFF INSPECTION. • No Re-Entry—once a patron leaves the pool,they must pay another admission fee to re-enter. • One parent,grandparent,or guardian per family regardless whether a resident or non-resident may enter the facility free of charge to supervise their minor child(ren)if the parent, grandparent,or guardian shall not swim for any children ages six and older.Children five and younger must be accompanied by an adult in the water.If the parent,grandparent,or guardian who entered the facility free of charge leaves the facility,then they shall not be allowed re-entry without payment.