HomeMy WebLinkAbout1996-09-24 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
SEPTEMBER 24, 1996
The Board of Directors of the Euless Development Corporation met on Tuesday, September
24, 1996, in the Conference Room of Municipal Building A, 201 North Ector Drive, Euless,
Texas.
Members present:
Mayor Mary Lib Saleh, Chairman of the Board of Directors
Council Member Charles Miller
Council Member Carl Tyson
Citizen Member Ed Denari
Citizen Member Sonja Adams
City Manager Tom Hart, President
Finance Director Diana Ortiz, Treasurer
City Secretary Susan Crim, Secretary
Members absent:
Mayor Pro Tem Bobby Baker, Vice Chairman of the Board of Directors
Citizen Member Letty Lynn Maloney
Assistant City Manager Joe Hennig, Vice President
Director of Economic Development Tom Cox, Second Vice President
CALL TO ORDER
The meeting was called to order at 3:45 p.m. by Chairman of the Board of Directors, Mary
Lib Saleh.
APPROVAL OF MINUTES OF AUGUST 27, 1996 MEETING
Upon motion by Mr. Tyson and second by Ms. Adams, the minutes of the August 27, 1996
meeting were approved as presented by unanimous vote.
PUBLIC HEARING ON PROPOSED FISCAL YEAR 1996-1997 BUDGET
Chairman Saleh opened the public hearing at 3:46 p.m. Susan Crim, Secretary, reported that
this public hearing was published on September 8, 1996 in the Mid-Cities News. Diana Ortiz,
Treasurer, explained that the budget being considered is the same budget that was approved
on August 7, 1996, by the Euless Development Corporation and ratified by the Euless City
Council on August 13, 1996 including the$400,000 to be transferred to the City's Conference
Center Enterprise Fund for retirement of debt on the clubhouse/conference center. It had
previously been shown as a loan from the Euless Development Corporation. It was noted
that the minutes of the August 13, 1996, City Council meeting stated: "It is the intent of the
City Council to consider payment of up to $400,000 from the hotel/motel occupancy tax, if
available, for retirement of debt on the clubhouse/conference center, thus freeing up such
amounts in the General Revenue fund for future economic development projects."
EULESS DEVELOPMENT CORPORATION MINUTES SEPTEMBER 24. 1996 PAGE 2
Chairman Saleh noted that there were no proponents or opponents present and closed the
public hearing at 3:50 p.m.
APPROVAL OF EULESS DEVELOPMENT CORPORATION
BUDGET FOR FISCAL YEAR 1996-1997
Upon motion by Mr. Tyson and second by Ms. Adams, the Euless Development Corporation
Budget for Fiscal Year 1996-1997 was re-approved as amended by unanimous vote.
REPORT FROM TOM HART, PRESIDENT
Mr. Hart reported that the City's sales tax receipts have increased by 10% to date in the
current fiscal year.
SCHEDULE NEXT MEETING
It was decided by the members present to schedule a meeting for Tuesday, November 5,
1996, at 4:00 p.m.
In the future the Board agreed to meet during the first week of the second month following
the end of a fiscal year quarter.
Mr. Denari asked that the quarterly reports be sent to all Board members even if a meeting
is not held.
ADJOURN
There being no further business before the Corporation, the meeting was adjourned at 4:00
p.m.
ATTEST: APPROVED:
usan Crim, 'ecretary Mary Lib Sareh, Chairman