HomeMy WebLinkAbout2017-12-12 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
December 12, 2017
The Board of Directors of the Euless Development Corporation met on Tuesday, December
12, 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, Chair
Council Member Linda Eilenfeldt, Vice-Chair
Council Member Tim Stinneford
Council Member Jeremy Tompkins
Citizen Member Sonja Adams
Citizen Member Carmen Deithloff
Citizen Member Wayne Marrs
City Manager Loretta Getchell, President
Deputy City Manager Bob Freeman, First Vice President
Director of Economic Development Mike Collins, Second Vice President
Finance Director Janina Jewell, Treasurer
City Secretary Kim Sutter, Board Secretary
City Attorney Wayne Olson
Assistant City Manager Chris Barker
ITEM NO. 1. CALL TO ORDER
Chair Linda Martin called the meeting to order at 3:45 p.m.
ITEM NO. 2 CLOSED SESSION
The Euless Development Corporation convened into closed session at 3:45 p.m. for
deliberation regarding the following:
• Economic Development Incentives as authorized by Section 551.087 of the Texas
Government Code related to U.S. Concrete and its subsidiary Redi Mix, L.L.0
• The purchase, exchange, lease or value of real property as authorized by Section
551.072 of the Texas Government Code related to 411 N. Main Street.
• Consultation with the Corporation's attorney regarding any item posted on the
agenda as authorized by Section 551.071 of the Texas Government Code
The City Council recessed closed session at 4:02 p.m.
3. APPROVED MEETING MINUTES
Director Eilenfeldt motioned to approve the minutes of the August 14, 2017, as presented.
Seconded by Director Stinneford, the motioned carried by a unanimous vote.
EDC Meeting Minutes Page 2 of 3 December 12, 2017
ITEM NO. 4 HELD PUBLIC HEARING AND APPROVED RESOLUTION NO. 19-
17 PROVIDING FOR THE EXPENDITURE OF FUNDS FOR A
PROJECT INVOLVING THE AMENDMENT AND MODIFICATION
OF AN EXISTING PROJECT WITH US CONCRETE AND ITS
SUBSIDIARY REDI MIX LLC AND INVOLVING EXTENSION OF
JOB CREATION INCENTIVES AND THE ACQUISITION OF LAND
AND FACILITIES FOR AN EXPANSION OF THE CORPORATE
HEADQUARTERS AND A PRIMARY JOB TRAINING FACILITY
AND PROMOTING NEW BUSINESS DEVELOPMENT WITHIN
THE CITY OF EULESS.
Chair Martin opened the public hearing at 4:04 p.m.
President Getchell stated that approval of the resolution would allow for the acquisition of
land and facilities that would allow for the expansion of the U.S. Concrete corporate
headquarters and their primary job training facility, and includes the extension of the job
creation incentives. The estimated expenditure of the land and facility acquisition is
approximately $900,000, plus closing cost, and staff is proposing to lease back the facility
at$13 per square foot.
Chair Martin requested to hear from any proponents and opponents of the item. There being
no one wishing to speak, Chair Martin closed the public hearing at 4:05 p.m.
Director Stinneford motioned to approve Resolution No. 19-17 as presented. Seconded by
Director Adams, the motioned carried by a unanimous vote.
ITEM NO. 5. AUTHORIZED THE PRESIDENT TO NEGOTIATE AND EXECUTE
CONVEYANCE DOCUMENTS FOR THE PURCHASE OF
PROPERTY LOCATED AT 411 N. MAIN STREET.
Director Marrs motioned to approve authorizing the President to negotiate and execute
conveyance documents for the purchase of property located at 411 N. Main Street.
Seconded by Director Deithloff, the motioned carried by a unanimous vote.
ITEM NO. 6. AUTHORIZED THE PRESIDENT TO NEGOTIATE AND EXECUTE
A LEASE AGREEMENT WITH US CONCRETE AND ITS
SUBSIDIARY REDI MIX LLC FOR PROPERTY LOCATED AT 411
N. MAIN STREET.
Director Marrs motioned to approve authorizing the President to negotiate and execute a
lease agreement with US Concrete and its subsidiary Redi Mix LLC for property located at
411 N. Main Street. Seconded by Director Stinneford, the motioned carried by a unanimous
vote.
City Attorney Olson stated that the agreement will be executed following the 60-day petition
period.
EDC Meeting Minutes Page 3 of 3 December 12, 2017
ITEM NO. 7. APPROVED FOURTH AMENDMENT TO LEASE AND INCENTIVE
AGREEMENT BY AND BETWEEN THE EULESS DEVELOPMENT
CORPORATION, THE CITY OF EULESS, AND US CONCRETE
AND ITS SUBSIDIARY REDI MIX LLC AND AUTHORIZED THE
PRESIDENT TO EXECUTE SUCH AMENDMENT.
Director Marrs motioned to approve the Fourth Amendment to the Lease and Incentive
Agreement by and between the Euless Development Corporation, the City of Euless, and
US Concrete and its subsidiary Redi-Mix LLC and authorized the President to execute such
amendment. Seconded by Director Tompkins, the motioned carried by a unanimous vote.
ITEM NO. 8. APPROVED AN AMENDMENT TO THE FY 2017-2018 OPERATING
AND CAPITAL BUDGET FOR ECONOMIC DEVELOPMENT
PROJECTS.
President Getchell reviewed the proposed amendments as they relate to the expenditure
associated with the acquisition of the land and facilities for the expansion of the U.S.
Concrete corporate headquarters in the amount of approximately $900,000.
Director Marrs motioned to approve an amendment to the FY 2017-2018 Operating and
Capital Budget for economic development projects. Seconded by Director Eilenfeldt, the
motioned carried by a unanimous vote.
ITEM NO. 9 ADJOURN
There being no further business before the Board, the meeting was adjourned at 4:09 p.m.
APPROVED: ATTEST:
in a artin, Cha" Kim tutter, Secretary