HomeMy WebLinkAbout2015-05-07 EDC Minutesr
EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
May 7, 2015
The Board of Directors of the Euless Development Corporation met on Thursday, May 7,
2015, in the Mayor's Conference Room at City Hall in the Municipal Complex, 201 North
Ector Drive, Euless, Texas.
The following persons were in attendance:
Mayor Linda Martin, Chairman
Mayor Pro Tem Linda Eilenfeldt
Council Member Jeremy Tompkins
Citizen Member Wayne Marrs
City Manager Loretta Getchell, President
Deputy City Manager Bob Freeman, First Vice -President
City Secretary Kim Sutter, Board Secretary
Finance Director Janina Jewell, Treasurer
Assistant City Manager Chris Barker
Absent:
Council Member Tim Stinneford
Citizen Member Sonja Adams
Citizen Member Carmen Deithloff
Mike Collins, Second Vice -President
ITEM NO. 1. CALL TO ORDER
Chairman Linda Martin called the meeting to order at 5:30 p.m.
ITEM NO. 2 CLOSED SESSION
The Euless Development Corporation convened into closed session at 5:30 p.m. for
deliberation regarding the following:
- Economic Development Incentives as Authorized by Section 551.087
Related to U.S. Concrete and its subsidiary Redi Mix, L.L.C.
The Euless Development Corporation recessed closed session at 5:46 p.m.
ITEM NO. 3.
CONSIDER APPROVAL OF THIRD AMENDMENT TO LEASE
AND INCENTIVE AGREEMENT BY AND BETWEEN THE EULESS
DEVELOPMENT CORPORATION, THE CITY OF EULESS AND
U.S. CONCRETE, INC., AND ITS SUBSIDIARY RED! MIX, L.L.C.,
AND AUTHORIZE THE PRESIDENT TO EXECUTE SUCH
AMENDMENT.
Discussion ensued regarding the length of the obligation as well any risk associated
with the acceptance of the agreement.
EDC Meeting Minutes Page 2 of 2 May 7, 2015
Wayne Marrs motioned to approve the third amendment to the lease and incentive
agreement by and between the Euless Development Corporation, the City of Euless, and
U.S. Concrete, Inc., and its subsidiary Redi Mix, L.L.C., and authorize the President to
execute the agreement. Seconded by Linda Eilenfeldt, the motion carried by a unanimous
vote.
ITEM NO. 4. HEAR REPORTS ON CURRENT AND UPCOMING PROJECTS
No reports were given.
ITEM NO. 5 ADJOURN
There being no further business before the Board, the meeting was adjourned at 6:11 p.m.
APPROVED: ATTEST:
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