HomeMy WebLinkAbout1997-08-05 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
AUGUST 5, 1997
The Board of Directors of the Euless Development Corporation met on Tuesday, August 5,
1997, in the Treaty Room at the Conference Centre at Texas Star, 1400 Texas Star Parkway,
Euless, Texas.
Members present:
Mayor Mary Lib Saleh, Chairman of the Board of Directors
Council Member Bobby Baker, Vice Chairman of the Board of Directors
Mayor Pro Tern Charles Miller
Council Member Carl Tyson
Citizen Member Sonja Adams
Citizen Member Lefty Lynn Maloney
City Manager Tom Hart, President
Assistant City Manager Joe Hennig, Vice President
Director of Economic Development David Witcher, Second Vice President
Finance Director Diana Ortiz, Treasurer
City Secretary Susan Crim, Secretary
Members absent:
Citizen Member Ed Denari
CALL TO ORDER
The meeting was called to order at 4:05 p.m. by Ms. Mary Lib Saleh, Chairman of the Board
of Directors.
INTRODUCTION OF NEW DIRECTOR OF ECONOMIC DEVELOPMENT
City Manager Tom Hart, President of the Board of Directors, introduced David Witcher, who
was recently hired by the City of Euless to serve as Director of Economic Development and
Marketing. Mr. Witcher will serve as Second Vice President of the Euless Development
Corporation by authorization of the Bylaws of the Corporation.
APPROVAL, MINUTES OF MAY 5, 1997 MEETING
Upon motion by Lefty Lynn Maloney and second by Sonja Adams, the minutes of the May
5, 1997, meeting were approved as presented by unanimous vote.
EULESS DEVELOPMENT CORPORATION MINUTES AUGUST 5, 1997 PAGE 2
REVIEW OF FINANCIAL REPORT FOR QUARTER ENDING JUNE 30, 1997
President Tom Hart reviewed the Fiscal Year 1996-97 Half Cent Sales Tax Fund Operating
Budget for the quarter ending June 30, 1997. He noted that expenditures for the library have
primarily been for books and furniture and that approximately $86,000 is available for
additional books and contingencies.
Mr. Hart stated there had not been any large expenditures from the Parks section of the
budget, but that some clean up work was being done on the 20 acres purchased for the
Athletic Complex.
The Economic Development section of the budget currently has a balance of$631,414, and
an entryway project, planned for the various entrances into the City, is being planned and will
probably be funded during the first quarter of Fiscal Year 1998.
In reviewing the current year operating figures, Mr. Hart noted that revenues are increased
this year by approximately 10%, interest income has been good and the operating budget is
well in line with budgeted expenditures.
PRESENTATION OF FISCAL YEAR 1997-1998 BUDGET
Mr. Hart outlined the Fiscal Year 1997-1998 budget being proposed. He stated the Library
section of the budget is proposed to be flat except for personnel. The Parks portion of the
budget is up approximately $89,000 and the Economic Development budgeted funds are
planned to be accumulated to do future projects.
Revenues are budgeted to be $2,085,315 and expenditures to be $1,674,686.
Mr. Hart stated that Phase II of the Athletic Complex will probably be started during FY98.
The City has applied for another grant, and we will know by the end of December or early
January if we will receive it.
Ms. Maloney asked about the personnel expenditures. Chairman Saleh explained that only
new personnel who were added with the new library and athletic facilities may be paid from
this budget. Mr. Hart stated that a portion of Mr. Witcher's salary is paid from the Economic
Development portion of the budget.
Chairman Saleh stated that public art is being planned for new facilities in the City, and that
it is being budgeted under Economic Development because hopefully it will bring people into
the City.
SCHEDULE MEETING FOR APPROVAL OF FISCAL YEAR 1997-1998 BUDGET
A meeting was scheduled for Tuesday, August 12, 1997, at 3:30 p.m. in the Conference
Room of Building A at the Municipal Complex, 201 North Ector Drive for the purpose of
holding a public hearing on the Fiscal Year 1997-1998 budget and to consider its approval.
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EULESS DEVELOPMENT CORPORATION MINUTES AUGUST 5, 1997 PAGE 3
SCHEDULE NEXT REGULAR MEETING
The next regular meeting of the Euless Development Corporation was scheduled for
Tuesday, November 4, 1997, at 4:00 p.m. in the Conference Room of Building A at the
Municipal Complex, 201 North Ector Drive.
REPORT FROM THE PRESIDENT
Tom Hart announced that the City's Director of Finance, Diana Ortiz, will be leaving the City
as she has accepted a position with the City of Denton. The Board members expressed their
congratulations to Ms. Ortiz and wished her well in her new position.
The Board members then toured the new Conference Centre.
ADJOURN
There being no further business before the Corporation, the meeting was adjourned at 5:15
p.m.
APPROVED:
of,a&k
Mary Lib Saleh
Chairman
ATTEST:
Susan Crim
Secretary