HomeMy WebLinkAbout2001-05-14 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
MAY 14, 2001
The Board of Directors of the Euless Development Corporation met on Monday, May 14, 2001, in
the Conference Room of Building A at the Municipal Complex, 201 North Ector Drive, Euless
Texas.
The following persons were in attendance:
Mayor Pro Tern Carl Tyson
Council Member Veva Lou Massey
Council Member Bob Edwards
Citizen Member Wayne Marrs
Citizen Member Sonja Adams
Citizen Member Carmen Deithloff
City Manager Joe Hennig, President
Deputy City Manager Gary McKamie, First Vice President
Director of Economic Development Bill Ridgway, Second Vice President
Finance Director Loretta Getchell, Treasurer
City Secretary Susan Crim, Secretary
Mayor Mary Lib Saleh, Chairman, was not present.
CALL TO ORDER
Carl Tyson called the meeting to order at 5:35 p.m.
Veva Lou Massey and Bob Edwards were recognized as new members of the Board, replacing
Bobby Baker and Charlie Miller.
ELECTION OF VICE CHAIR
Upon motion by Veva Lou Massey, Carl Tyson was elected by acclamation to the position of Vice
Chairman of the Board.
APPROVAL OF MINUTES OF MARCH 20, 2001 MEETING
Joe Hennig, President, requested the minutes be amended regarding the item for the Approval of
Funding For Main Street Signage Program, to reflect that the City Council recommended a total of
$400,000 be allocated for the program,with $325,000 designated for the sign incentive participation
and$75,000 for contract personnel.
EULESS DEVELOPMENT CORPORATION
MAY 14,2001 PAGE 2
Upon motion by Sonja Adams and second by Wayne Marrs, the minutes of the March 20, 2001
meeting were approved by unanimous vote.
REVIEW OF FINANCIAL REPORT FOR THE QUARTER ENDING MARCH 31,2001
Loretta Getchell, Treasurer, reviewed the Financial Report for the quarter ending March 31, 2001,
and stated that expenditures in the capital projects fund totaled $424,649, with the majority of the
expenses being for Fire Station No. 2, the playground, the hike/bike trail and park improvements.
The balance remaining in the capital projects fund is $763,237, consisting primarily of monies for
the hike/bike trail, Wilshire Park, incentives and a variety of park projects.
Bob Edwards asked for clarification of the percentage of project completion compared to the
percentage spent on the various projects. Ms. Getchell stated she would look into adding that
information in the future.
Ms. Getchell reported that sales tax collections as of the second quarter were $1,048,901,
which represented 49% of budget. Operating expenditures were within budget at $917,219.
She stated that undesignated capital project funds in the amount of $115,811 remain available
for future allocation to approved projects.
UPDATE FROM PRESIDENT
President Hennig reported that Mayor Saleh was recovering from major surgery and the
prognosis was very good for rapid recovery.
He reported that the 2012 Olympic Committee would be visiting the City of Euless in June and
plans are under way for an impressive presentation for them.
Mr. Hennig stated that Beall Concrete has deposited $228,000 with the City as escrow for the
building construction project in which they are involved. They will make draws against it as the
work progresses. He said the sewer and air conditioning problems at their facility have been
corrected.
Mr. Hennig reported that he and Director of Economic Development Bill Ridgway would be
meeting with Bennett Properties in the near future to discuss plans for their 200 acres along
State Highways 360 and 183. Carl Tyson reported that the Regional Transportation
Commission is participating in some road projects on developments along major freeways.
Mr. Hennig reported that the owners of the former Kmart building are proceeding with their
investment in improvements n o the owners of the seeking
lands build ng stated
seeking
Ridgway would be contacting
improvements to that property in the near future.
Sonja Adams asked about the development on West Ash Lane, and Mr. Hennig replied that a
single-family development is in progress there.
EULESS DEVELOPMENT CORPORATION
MAY 14,2001 PAGE 3
It was announced the next meeting would
budget land consider approval of the budget. to hold
a public hearing on the Fiscal Year
ADJOURN
There being no further business before the Board, the meeting was adjourned at 6:20 p.m.
APPROVED: ATTEST:
C—?'
Ma ry Lib Sale usan Crinr
Secretary S ry