HomeMy WebLinkAbout1994-03-10 EDC Minutes EULESS DEVELOMENT CORPORATION
BOARD OF DIRECTORS MEETING MINUTES
MARCH 10, 1994
The Board of Directors of the Euless Development Corporation met at
5:30 p.m. , Thursday, March 10, 1994, in the Downstairs Conference
Room of Building A, Euless Municipal Complex, 201 North Ector Drive,
Euless, Texas.
Members present included:
Mayor Mary Lib Saleh, Chairman of the Board of Directors
Mayor Pro Tem Bobby Baker, Vice Chairman of the Board of Directors
Councilman Henry Boatright
City Manager Tom Hart, President
Assistant City Manager Joe Hennig, Vice President
Director of Economic Development Tom Cox, Second Vice President
Director of Fiscal and Human Resources Debra Forte, Treasurer
City Secretary Susan Crim, Secretary
Edward Denari, Citizenmember
Miles Pritchard, Citizenmember
Members absent included:
Councilman Charles Miller
Citizenmember Sonja Adams
Assistant to the City Secretary Cathy DiMaggio, Assistant Secretary
The meeting was called to order by Chairman of the Board of
Directors, Mayor Mary Lib Saleh.
APPROVAL OF MINUTES OF SEPTEMBER 27, 1993
Upon motion by Councilman Boatright and second by Citizenmember
Denari , the minutes of the September 27 1993, meeting of the Euless
Development Corporation were approved by unanimous vote.
APPROVAL OF RESOLUTION NO. EDC 01-94
President Hart stated that in 1993 the Legislature amended the law
governing the use of the half cent sales tax to allow its expenditure
for maintenance and operation of facilities established under its
use. Further, he said it is now necessary to hold a public hearing,
which has been published sixty days in advance, prior to selling
bonds for half cent sales tax projects.
EULESS DEVELOPMENT CORPORATION MINUTES, MARCH 10, 1994 PAGE 2
Upon motion by Vice Chairman Baker and second by Councilman
Boatright, Resolution No. EDC 01-94 setting a public hearing for May
26, 1994, at 7:00 p.m. was approved by unanimous vote. It was then
agreed a worksession would be held by the Euless Development
Corporation at 4:00 p.m. prior to the public hearing on May 26, 1994.
President Hart stated that at the May 26 worksession he would present
a detailed three year budget with cash flow projected monthly as a
part of the proposed plans for the bond sale.
Citizenmember Denari moved to establish an audit committee composed
of three members of the Euless Development Corporation to be chosen
by the Chairman of the Board. Vice Chairman Baker seconded the
motion.
AYES: Councilman Boatright, Vice Chairman Baker, Citizenmember
Denari
NAYS: Chairman Saleh and Citizenmember Pritchard
Chairman Saleh declared the motion carried and asked Vice Chairman
Baker to chair the Audit Committee and Councilman Boatright and
Citizenmember Denari to serve on it.
DISCUSSION OF FUTURE PROJECTS
Second Vice President Cox distributed an Economic Development Action
Plan for 1994 and discussed the proposed projects with the
Corporation.
Director of Community Services Rick Herold distributed the Parks and
Leisure Services Capital Improvements Needs and stated the Parks and
Leisure Services Board strongly recommends an Athletic Complex as
their highest ranked improvement in the City's recreation program.
Vice President Hennig reported that Lee Brawner and Associates have
presented their final recommendations to the City Council for the
proposed library to be built with half cent sales tax revenues. The
City Council will be reviewing the proposals for architechural
services, and they plan to have presentations from three or four
architects before the final selection is made. It is hoped the
library project can be bid during the first quarter of 1995 and be
occupied by the Fall of 1996.
UPDATE ON FINANCIAL STATUS
President Hart distributed a status report for Treasurer Forte who
had to leave the meeting earlier. The report summarized the activity
of the half cent sales tax for the single month it was operative in
FY93 and gave a life-to-date balance of approximately $560,000.
EULESS DEVELOPMENT CORPORATION MINUTES, MARCH 10, 1994 PAGE 3
Mr. Hart also reported the City Council had requested the
Administrative Charges be deleted from the Euless Development
Corporation budget.
ADJOURNMENT
As there was no further business before the Euless Development
Corporation, the meeting was adjourned at 7:00 p.m.
APPROVED:
CALA/A./-
Mayor Mar Lib Saleh
Chairman of the Board of Directors
ATTEST:
City Secretary Susan Crim
Secretary