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HomeMy WebLinkAbout1998-02-03 EDC Minutes EULESS DEVELOPMENT CORPORATION BOARD OF DIRECTORS MINUTES FEBRUARY 3, 1998 The Board of Directors of the Euless Development Corporation met on Tuesday, February 3, 1998, in the Municipal Complex Conference Room of Building A, 201 North Ector Drive, Euless Texas. The following persons were in attendance: Mayor Mary Lib Saleh, Chairman Council Member Bobby Baker, Vice Chairman Mayor Pro Tern Charles Miller Council Member Carl Tyson Citizen Member Lefty Lynn Maloney Citizen Member Sonja Adams Citizen Member Glenn Porterfield City Manager Tom Hart, President Director of Economic Development David Witcher, Second Vice President Finance Director Loretta Getchell City Secretary Susan Crim, Secretary Vicki Smith, Accountant, Finance Department Kerry Caves, Weaver and Tidwell Brad Jay, Weaver and Tidwell CALL TO ORDER The meeting was called to order at 4:15 p.m. by Chairman Mary Lib Saleh. APPROVAL, MINUTES OF NOVEMBER 4, 1997 MEETING Upon motion by Bobby Baker and second by Sonja Adams, the minutes of the November 4, 1997 meeting were approved by unanimous vote. COMPLIANCE REQUEST Ed Denari requested at the November 4, 1997, meeting that Tom Hart investigate the cost of a full comprehensive compliance report of the Corporation's activities from its inception through September 30, 1997. Mr. Hart reported that the City's Bond Counsel Ed Esquivel, and City Attorney Bob McFarland can prepare a letter regarding the legality of all activities and projects that have been undertaken by the Euless Development Corporation. Glenn -- Porterfield motioned to request such a letter. The motion was seconded by Lefty Lynn Maloney and carried by unanimous vote. EULESS DEVELOPMENT CORPORATION FEBRUARY 3. 1998 PAGE 2 REVIEW OF FINANCIAL REPORT, QUARTER ENDING DECEMBER 31, 1997 Tom Hart reported that approximately $30,000 will be required to clean up some environmental problems on the 20 acres the City purchased previously on South Pipeline Road to be used as a part of Phase II of the Athletic Complex. Mr. Hart stated that Phase I of the Athletic Complex is nearing completion and a grand opening is scheduled for Saturday, March 28. Approximately $150,000 to $200,000 in additional funds is needed to complete Phase I. The total cost of that project will be about $4.4 million. CONSIDERATION OF FUNDS FOR REMODEL OF PARKS MAINTENANCE FACILITY Tom Hart reported that the City has purchased two buildings on Royal Parkway. One building has been renovated for the Fleet and Facilities Operations and the other building will house the Parks Maintenance Facility. He stated that approximately $100,000 will be required to complete the renovations necessary on the Parks Maintenance Facility. Board members suggested additional study be done regarding the location of the Parks Maintenance Facility before EDC funds are approved for the renovation of the building on Royal Parkway. APPROVAL OF TRANSFER OF FUNDS FOR ENVIRONMENTAL CLEANUP Upon motion by Charlie Miller and second by Glenn Porterfield, $30,000 of funds were approved for transfer from the One-Half Cent Sales Tax Fund to be used for the environmental cleanup of the 20 acre site on South Pipeline Road. The motion carried by unanimous vote. Bobby Baker asked what type of cleanup is needed. Joe Hennig responded that an underground tank must be removed and test wells are needed to monitor petroleum products underground. He said there will also need to be some dirt removed and disposed of where old oil tanks were located. ACCEPTANCE OF 1997 ANNUAL EULESS DEVELOPMENT CORPORATION AUDIT Kerry Caves and Brad Jay of Weaver and Tidwell, L.L.P., presented the Euless Development Corporation's Financial Report for the year ended September 30, 1997. Mr. Caves stated the audit was conducted in accordance with generally accepted auditing standards and received an Unqualified Opinion, the highest possible rating. He said there were no recommendations for improvement needed. Upon motion by Bobby Baker and second by Charlie Miller the Financial Report of the Euless Development Corporation for the year ended September 30, 1997, was accepted by unanimous vote. EULESS DEVELOPMENT CORPORATION FEBRUARY 3. 1998 PAGE 3 Bobby Baker noted that an audit subcommittee of the Board had served in past years and questioned whether it was still needed. After discussion among the members, it was decided that the subcommittee would no longer be needed. Mr. Baker moved to discontinue the Audit Subcommittee. The motion was seconded by Sonja Adams and carried by unanimous vote. UPDATE ON CURRENT PROJECTS David Witcher reported that he has attempted to locate one or more businesses to occupy the 100,000 square foot former KMart location. He stated there will be representatives in Euless later in February to look at locating a mail order call center there, and it will be the responsibility of City officials to prove that Euless has the labor force needed. He said there may be some incentives offered such as improved facade, phone lines, tax abatement, etc. Mr. Witcher stated that in the near future the City Council is going to be considering a proposal on establishing the Freeport Exemption. He said it would open up tremendous warehousing opportunities for the City. REPORT FROM PRESIDENT Tom Hart reported that the City Council is preparing to approve an agreement with the Cities of Dallas and Fort Worth and the D/FW Airport regarding the sharing of revenues on new development on airport property in the City of Euless. A new car rental facility is being proposed to be built in the City on airport property. SCHEDULE NEXT REGULAR MEETING The next regular meeting was scheduled for Tuesday, May 5, 1998, at 4:30 p.m. at the Conference Centre at Texas Star. ADJOURN There being no further business before the Corporation, the meeting was adjourned at 5:15 p.m. APPROVED: Mary Lib -Ieh Chairman ATTEST: Susan Crim Secretary