HomeMy WebLinkAbout2006-01-10 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
JANUARY 10, 2006
The Board of Directors of the Euless Development Corporation met on Tuesday, January
10, 2006, in the Mayors Conference Room of City Hall in the Municipal Complex, 201
North Ector Drive, Euless Texas.
The following persons were in attendance:
Mayor Mary Lib Saleh, Chairman
Council Member Carl Tyson, Vice Chairman
Council Member Veva Lou Massey
Council Member Charlie Miller
Citizen Member Sonja Adams
Citizen Member Carmen Deithioff
City Manager Joe Hennig, President
Deputy City Manager Gary McKamie, First Vice President
Director of Economic Development Bill Ridgway, Second Vice President
City Secretary Susan Crim, Secretary
Finance Administrator Vickie Rodriguez
Boyd London of First Southwest Company
Greg Schaecher of Fulbright and Jaworski
Citizen Member Wayne Marrs and Assistant City Manager Loretta Getchell, Treasurer,
were not present.
CALL TO ORDER
Chairman Mary Lib Saleh called the meeting to order at 3:35 p.m.
APPROVAL OF RESOLUTION NO. 14-06 AUTHORIZING THE ISSUANCE AND SALE
OF EULESS DEVELOPMENT CORPORATION SALES TAX REVENUE REFUNDING
BONDS, SERIES 2006
Boyd London of First Southwest Company distributed information giving the sources and
uses of the bond refunding along with the debt service comparison and an evaluation of
the open market versus private placement for the sales tax refunding. He stated that the
savings for the Euless Development Corporation sales tax bonds will be $151,978. He
recommended the refunding for approval.
EULESS DEVELOPMENT CORPORATION JANUARY 10,2006 PAGE 2
Upon motion by Carl Tyson and second by Charlie Miller, Resolution No. 14-06
authorizing the issuance and sale of Euless Development Corporation Sales Tax
Revenue Refunding Bonds, Series 2006 was approved by unanimous vote.
ADJOURN
There being no further business before the Board, the meeting was adjourned at 3:55
p.m.
APPROVED: ATTEST:
. ./
Mary Li Saleh usan Cri
Chairman Secretary