HomeMy WebLinkAbout2017-06-05 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
June 5, 2017
The Board of Directors of the Euless Development Corporation met on Monday, June 5,
2017, in the Precouncil 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 (excused at 6:35 p.m.)
Council Member Tim Stinneford
Council Member Jeremy Tompkins
Council Member Linda Eilenfeldt
Citizen Member Sonja Adams
City Manager Loretta Getchell, President
Deputy City Manager Bob Freeman, First Vice President
Finance Director Janina Jewell, Treasurer
City Secretary Kim Sutter, Board Secretary
Assistant City Manager Chris Barker
Director of Parks and Community Services Ray McDonald
Library Administrator Sherry Knight
Members Absent:
Citizen Member Carmen Deithloff
Citizen Member Wayne Marrs
Director of Economic Development Mike Collins, Second Vice President
ITEM NO. 1. CALL TO ORDER
Chairman Linda Martin called the meeting to order at 6:00 p.m.
ITEM NO. 2 ELECTION OF VICE CHAIRMAN
Linda Eilenfeldt motioned to appoint Sonja Adams to serve as Vice-Chairman. Seconded
by Tim Stinneford, the motion carried by a unanimous vote.
ITEM NO. 3. APPROVED MINUTES OF FEBRUARY 27, 2017
Tim Stinneford motioned to approve the minutes of the February 27, 2017, as presented.
Seconded by Linda Eilenfeldt, the motion carried by a unanimous vote.
EDC Meeting Minutes Page 2 of 3 June 5, 2017
ITEM NO. 4 HEARD UPDATE AND DISCUSSED PLANS FOR LIBRARY
RENOVOTION
Assistant City Manager Barker introduced Jim Tharpe, Principal Architect, and Ryan
Williams, Project Coordinator, of Oxley Williams Tharp Architects.
Mr. Tharp presented a 3-D virtual walkthrough of the proposed library renovation.
Discussion ensued regarding the proposed elements and goals of the proposed project.
City Manager Loretta Getchell presented and discussed the proposed budget and
timeline for the project.
Proposed estimates:
Renovation $6,300,000
Furnishings $600,000
Estimated Total Cost $6,900,000
Proposed Funding:
FY 2017 Cash Reserves $950,000
FY 2018 Cash Reserves $900,000
FY 2019 Cash Reserves $550,000
EDC Sales Tax Revenue Bonds $4,500,000
Total Proposed Funding $6,900,000
City Manager Getchell reviewed the current debt service of the EDC and advised that the
final debt service payment on the existing debt will be paid in May 2019.
City Manager Getchell advised that the construction on the library remodel is expected to
begin following the November 2018 election with construction complete by January 2020
and plans to reopen the library in March 2020.
ITEM NO. 5 HEARD REPORTS ON CURRENT AND UPCOMING PROJECTS
Director of Parks and Community Services Ray McDonald provided an update related to the
parks and community services projects:
- Legends 60/90 baseball fields are expected to be completed in 3 weeks.
- Glade Park Trail connection project is expected to be complete in 40 days.
City Manager Getchell provided a Glade Parks Development update.
EDC Meeting Minutes Page 3 of 3 June 5, 2017
ITEM NO. 6 ADJOURN
There being no further business before the Board, the meeting was adjourned at 6:59 p.m.
p.m.
APPROVED: ATTEST:
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Lina artin Kim Otter
Chairman Secretary