HomeMy WebLinkAbout2011-05-09 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
May 9, 2011
The Board of Directors of the Euless Development Corporation met on Monday, May 9,
2011, in the Precouncil 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
Mayor Pro Tern Linda Martin, Vice Chairman
Council Member Tim Stinneford
Citizen Member Sonja Adams
Citizen Member Carmen Deithloff
Citizen Member Wayne Marrs
City Manager Gary McKamie, President
Deputy City Manager Loretta Getchell, First Vice President
Director of Economic Development Mike Collins, Second Vice President
Finance Director Vicki Rodriquez, Treasurer
�.., City Secretary Susan Crim, Board Secretary
Assistant City Manager Chris Barker
Deputy City Secretary Kim Sutter
Director of Parks and Community Services Ray McDonald
Library Administrator Kate Lyon
Council Member Glenn Porterfield was not present.
ITEM NO. 1. CALL TO ORDER
Chairman Mary Lib Saleh called the meeting to order at 5:35 p.m.
ITEM NO. 2 APPROVAL OF MINUTES OF MARCH 7, 2011, MEETING
City Secretary Susan Crim presented the minutes for approval with two corrections.
Upon motion by Linda Martin and second by Tim Stinneford, the minutes of the March 7,
2011, meeting were approved by unanimous vote with the corrections as outlined by the
City Secretary.
EDC Meeting Minutes Page 2 of 3 May 9, 2011
ITEM NO. 3 REVIEW FINANCIAL UPDATE FOR THE QUARTER ENDING
MARCH 31, 2011
Treasurer Vicki Rodriquez presented the unaudited report for the period ending March 31,
2011. She reported sales tax collections through the end of March of $1,601,247, which
represents 50 percent of budget, and operating expenditures of $1,426,735, representing
40 percent of appropriations.
Treasurer Rodriquez advised that the capital projects fund has expenditures of $49,070.
The remaining balance in the capital projects fund for projects not yet completed is
$440,744, and includes monies for the park structure improvements, irrigation project,
incentives and contingencies. Additionally, undesignated capital project funds in the
amount of$1,071,249 remain available for allocation to future projects.
In closing, Treasurer Rodriquez reviewed the expenses and revenues associated with the
debt service and debt reserve funds.
ITEM NO. 4 AUTHORIZED THE PRESIDENT TO NEGOTIATE AND EXECUTE
A LEASE AGREEMENT WITH RETAIL BUILDINGS, INC.
(BRAUM'S) FOR THE LEASE OF SURPLUS PROPERTY
City Manager Gary McKamie advised that staff has spoke with the property owner
regarding the possibility of modifying the existing pole sign located on the property;
however, no changes will be made to the sign at this time.
Planning and Economic Development Director Mike Collins presented the terms of the
lease agreement for a 2,400 square foot strip of land located to the west of the property
occupied by Braum's on Main Street. He advised that the terms of the agreement include
exterior renovations to the current Braum's building, additional parking, and improved
circulation for the drive-through operation.
City Manager McKamie added that the 2,400 square foot strip of land is encumbered by
easements and is not accessible to other adjacent properties.
Upon motion by Tim Stinneford and second by Sonja Adams, authorization for the
President to negotiate and execute a lease agreement with Retail Buildings, Inc. (Braum's)
for the lease of surplus property was approved by unanimous vote.
ITEM NO. 5 HEAR REPORTS ON CURRENT AND UPCOMING PROJECTS
City Manager McKamie reported on the following items:
- Announced that City Secretary Susan Crim will retire effective June 30, 2011.
- Advised the Board that the city applied for and received a 12 foot long, by four
(4) foot wide, 2.5 ton steel beam from the World Trade Center. The artifact
will arrive in Euless in approximately two weeks and will become a part of the
EDC Meeting Minutes Page 3 of 3 May 9, 2011
city's 911 memorial to be constructed in front of the Fire Administration
building.
- Reclaimed water project
Parks and Community Services Director Ray McDonald reported on the following items:
- Status of construction of Trailwood retaining wall
- Ector Drive medianscaping
Library Administrator Kate Lyon reported on the following items:
- Current edition of Library newsletter
- Achievement of Excellence in Libraries award presented to the Euless Public
Library for the sixth consecutive year by the Texas Municipal Library Directors
Association.
- Advised of major library system upgrade in April.
Planning and Economic Development Director Mike Collins reported on the following
items:
- Glade Parks development located at State Highway 121 and Glade Road
- Riverwalk! Development located at State Highways 360 and 183
- Restaurant development at FM 157 and State Highway 183
ITEM NO. 6 ADJOURN
There being no further business before the Board, the meeting was adjourned at 6:23p.m.
APPROVED: ATTEST:
ILA/14.r didt3
Mary Lib SAleh im . Sutter
Chairman Secretary