Council members disclose financial earnings, holdings including interest in property near planned roads and local companies

Brandi Hart
McKinneyUpdate.com editor
Created at 10:14 p.m. on July 1, 2009

Four of the five McKinney City Council members who did not run for office in the May election have filed their personal financial statements, and one of the four council members who filed their most recent reports in April show owning interest in property along the proposed Farm-to-Market Road 543 Connector Route.

Council member for District 2 Geralyn Kever listed in her personal financial statement dated April 28 that she and her spouse share an interest in the Seeds for the Future LP, which owns about 40 acres south of the proposed FM 543 Connector Route that the city is planning to build west of Lake Forest Drive. The road is slated to be an east to west road north of US 380 and will connect to US 75. Kever has recused herself from any votes taken concerning the FM 543 Connector Route due to her interest in the Seeds for the Future LP.

Former Mayor Bill Whitfield is listed as being retired, and listed his real property as his home in Eldorado. Whitfield did not list any stocks that he owns, but included two separate Franklin bonds for his owning of bonds, notes and commercial paper, and various Templeton growth funds, Franklin IRAs, and included a Rumley Living Trust as his trust income.

Council member at-large Pete Huff owns stock in various national companies, which range from owning 1,000 to 4,999 shares in the Colgate-Palmolive Company; 500 to 999 shares in General Mills; a 1,000 to 4,999 shares in McDonald's; and 1,000 to 4,999 shares in Independent Bank. Huff included 13 double sided pages of stock that he owns in his April 28 personal financial statement.

Huff also listed having interest, dividends, royalties and/or rents in the following companies: $500 to $4,999 in Independent Bank, which is based in McKinney and of which newly elected Councl member at-large David Brooks is the president of; $25,000 or more in Wattmaster Controls; $25,000 or more in Exxon Mobil; $25,000 or more in Fidelity Brokerage Services; $500 to $4,999 in Merk & Co.; $25,000 or more in rent at 410 Industrial Blvd. in McKinney, where his former company, Dynamco used to be located; and $5,000 to $,999 in Capitol One.

Huff included his home in Eldorado, a condominium in Horseshoe Bay, in South Texas, his two hangars at the Collin County Regional Airport, and his commercial property at Industrial Boulevard as his real property in his financial statement.

Huff also listed as having bonds or commercial papers in various independent school districts in Texas and the Dallas Area Rapid Transit Authority, or DART. His bonds and commercial papers that he possesses included in his financial statement are as follows: Southwest Texas Independent School District; Westlaco Texas ISD; Schertz- Cibolo-UNVL City; Ean ISD; Lubbock Cooper ISD; Murphy Water and Sewer; Webster Texas Economic Development Corp.; Ford Bend ISD; Williamson County Tex Go; Somervell County Tex Co.; Longview ISD; Bryan ISD; Harris County Go Impt.; North Texas Harris County Regional Water District; Alamo Texas Community College; Dickinson ISD; Dallas Area Rapid Transit Authority,or DART; Corpus Christi Utility Systems; La Porte ISD; Sharyland ISD; Williamson Pass Thru Toll Authority.

According to his financial statement, Huff is on the Medical Center of McKinney's Board of Directors; Chairman of Wattmaster Controls, Inc.; the Communities in Schools Board Member;

Huff also listed in his financial statement, that he served as the council liasion to the McKinney Airport Development Corp. and as council liasion to the McKinney Housing Finance Corp. when he filed his report in April.

According to Kever's financial statement, she works as a communication and financial consultant for UBS Financial Services. According to her financial statement, some of the stock she owns includes 1,000 to 4,999 shares in American Airlines; 5,000 to 9,999 shares in Cano Petroleum; 1,000 to 4,999 shares in Elan; 1,000 to 4,999 shares in Impax Laboratories; 500 to 999 shares in Petrohawk Energy; 1,000 to 4,999 shares in Starbucks; 10,000 or more shares in Tenet Healthcare; 10,000 shares or more in UBS; 1,000 to 4,999 shares in Whole Foods; 100 to 499 shares in AT & T.

Some of the shares that Kever's spouse owns are as follows: 100 to 499 shares in Activision; 100 to 499 shares in Airgas; 100 to 499 shares in Alberto Culver; 100 to 499 shares in Atheros Communications; 100 to 499 shares in Aspen Insurance; 100 to 499 shares in BJ Wholesale; 100 to 499 shares in BOK Financial; 100 to 499 shares in Beckman Coulter; and 100 to 499 shares in Black & Decker.

Kever is also listed as owning bonds, notes and other commercial papers with Goldman Sachs Preferred and the Brazos River Authority. Kever also lists that she owns 10,000 or more shares in UBS Equity Opportunity funds; 10,000 or more shares in UBS Activist Partners; 1,000 to 4,999 shares in MFS Core Growth.

Kever's financial statement also includes the following income from interest, dividends and royalties: $500 to $4,999 from Masters Fund LLC, $10,000 to $24,999 from Bruckside Global Ag II Fund, LP; $10,000 to $24,999 from Tuesday Investments, LP; and $10,000 to $24,999 from Activist Partners, LLC; and $500 to $4,999 from Independent Bank.

Kever also lists her home in McKinney, two homes in Sherman, and half interest in 175 acres in undeveloped land in Cook County.

Her financial statement also includes her having an interest in the following business entities: Private 2005 LP in Dallas; Bridgegate LP in McKinney; Nilpojear LP in Aus; Bruckside Global Ag II Fund LP in Brazil, South America; Brown County Properties LP in Brownwood; Tuesday Investments LP in San Angelo; and PR Associates LP in Midlothian.

Kever is a member of the Samaritan Inn's Board of Directors and a member of the McKinney Education Foundation's Board of Directors.

Council member for District 4 Ray Ricchi is listed as being employed as the Executive Vice President and General Manager of The Ballfields at Craig Ranch. He includes the following stock in his financial statement that was filed on March 30: 1,000 to 4,999 shares in Encore Wire and 500 to 999 shares in General Electric. He is listed as having the following net losses: 1,000 to 4,999 shares in Avanex Corp.; 10,000 or more shares in Lattic, Inc.; 1,000 to 4,999 shares in Level 3 Communications. Ricchi has recused himself from voting on issues pertaining to Encore Wire while on council.

He also included having three separate Janus mutual funds, and his home in Stonebridge and a second home in Chico, in Wise County, as his real property. Ricchi included that he is the past chairman of the McKinney Chamber of Commerce and is a current Chamber board member, and is a member of the Heard Natural Science Museum and Wildlife Sanctuary's board of directors.

Former Council member at-large Bill Cox has asked for a 60 day extension to file his personal financial statement, said City Secretary Sandy Hart.

Day, Mayor Brian Loughmiller, and Brooks previously submitted their financial disclosures prior to the May general city election, and their financial statements, along with former District 1 Council member Gilda Garza's financal statement were previously published on McKinneyUpdate.com prior to the May city election. They can be found by clicking here .

All candidates' and council members' personal financial statements are available to the public to view or to receive copies for a small fee per a public information request that can be filed at the McKinney City Hall, 222 N. Tennessee St. For more information, call the city at 972-547-7500.

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