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Home My WebLink About1998-08-04 EDC Minutes EULESS DEVELOPMENT CORPORATION BOARD OF DIRECTORS MINUTES AUGUST 4, 1998 The Board of Directors of the Euless Development Corporation met on Tuesday, August 4, 1998, in the Municipal Complex Conference Room of Building A, 201 North Ector Drive, Euless Texas. Board of Director Members Present Mayor Mary Lib Saleh, Chairman Council Member Bobby Baker, Vice Chairman Mayor Pro Tem Charles Miller Council Member Carl Tyson Citizen Member Letty Lynn Maloney Citizen Member Sonja Adams Citizen Member Glenn Porterfield City Manager Tom Hart, President Deputy City Manager Joe Hennig, Vice President Director of Economic Development David Witcher, Second Vice President Finance Director Loretta Getchell City Secretary Susan Crim, Secretary Staff Present City Attorney Bob McFarland Director of Community Services Rick Herold Parks Superintendent Johnnie Green Assistant Director of Public Works Andrea Baxter CALL TO ORDER The meeting was called to order at 4:00 p.m. by Chairman Mary Lib Saleh. APPROVAL, MINUTES OF MAY 5, 1998 MEETING Upon motion by Glenn Porterfield and second by Sonja Adams the minutes of the May 5, 1998 meeting were approved by unanimous vote. City Attorney Bob McFarland presented a letter his firm wrote in response to former Euless Development Corporation Board Member Ed Denari's request to audit the Corporation's past expenditures. He stated that based upon their review, all expenditures of economic EULESS DEVELOPMENT CORPORATION AUGUST 4, 1998 PAGE 2 development funds authorized by the Board, and approved by the Euless City Council through March 31, 1998, conform to statutorily authorized expenditures under applicable provisions of law. Lefty Lynn Maloney asked if this type of letter would be sufficient for the Board's annual review. Mr. McFarland replied that their firm would be glad to perform this review on an annual basis. Bob McFarland reviewed all of the different types of projects now approved under this statute. Ms. Maloney expressed concern that the funds be used only for those projects the citizens were told would be funded by the sales tax. Sonja Adams asked Mr. McFarland to give the Board a written review of what broader allowances are available for expenditure of funds. REVIEW OF FINANCIAL REPORT FOR QUARTER ENDING JUNE 30, 1998 Mr. Hart reviewed the Corporation's financial report for the quarter ending June 30, 1998. Director of Community Services Rick Herold reported that they should be through with improvements to the Senior Citizen Center in the next few weeks and that they are waiting on some new furniture to come in. He stated that the kitchen in the Ruth Millican Center is being upgraded and that the improvements will dramatically increase the possibility of that building being used for rentals more often. Mr. Herold reported that the play grounds are all being brought into ADA compliance. He said the majority of the parks budget of the half cent sales tax has been used for the Parks at Texas Star and that it was recently voted the best youth athletic park in Northeast Tarrant County. Mr. Herold announced the City of Euless was awarded the Dixie Pre-Majors World Series to be held at the Parks at Texas Star in the summer of 1999. The Series is comprised of 15 arid 16 year-olds from 11 states. He said the event will be a great challenge for the City of Euless and a tremendous involvement of citizens will be needed. Director of Economic Development David Witcher reported that he has been working on several projects but that nothing is ready for approval by the Board at this time. He said he has been working with a developer on getting something in the old K Mart building and with another developer on a project for State Highway 121. He noted that the area on Highway 121 is one of the last undeveloped pieces of property in Northeast Tarrant County. Mr. Witcher stated he had been working with DFW Airport officials in planning the development of 3,000 acres of airport property located in the City of Euless. He also EULESS DEVELOPMENT CORPORATION AUGUST 4, 1998 PAGE 3 reported that the City Council would be reviewing a tax abatement policy and a freeport exemption policy in the near future. Glenn Porterfield asked about the car rental facility at DFW Airport. Mr. Hart said they are on schedule and the City is working on legislation to facilitate revenue sharing with the Cities of Dallas and Fort Worth. Sonja Adams asked about the status of the Euless Town Center. Mr. Witcher said it is nearly totally occupied with the exception of a few spaces. Mr. Witcher reported that the City recently developed an economic development video. Letty Lynn Maloney asked about the auto auction facility located near the golf course. Mayor Saleh stated the Fort Worth City Council would be voting on it the following week. Mayor Pro Tern Miller stated the City of Arlington is opposing it and that he is personally against it. Tom Hart reported the City is negotiating with the property developer of the Infinity dealership on an incentive package for $350,000 worth of infrastructure. He also stated the developers of the project being proposed for State Highway 121 are requesting assistance on a bridge and the extension of a north-south road. APPROVAL OF AMENDMENT TO FISCAL YEAR 1997-98 BUDGET Torn Hart stated the revised budget is projected to end up at $689,000 with the addition of $110,000 to finish Phase I of the Parks at Texas Star and $100,000 to begin Phase II. Upon motion by Charlie Miller and second by Glenn Porterfield the Fiscal Year 1997-98 budget was amended as presented. PUBLIC HEARING ON FISCAL YEAR 1998-99 PROPOSED BUDGET Mayor Saleh opened the public hearing on the proposed Fiscal Year 1998-99 budget for the Euless Development Corporation. Torn Hart pointed out that the operating budgets for the Library, Parks and Economic Development are projected to remain the same for the coming year. Assistant Director of Public Works Andrea Baxter reviewed the Trail project and stated that it was designed to encompass a 12 foot wide concrete trail from Bob Eden Park to State Highway 360. A grant has been approved for $700,000 from the Texas Department of Transportation. The City's matching portion will be $200,000. Because the costs were rising, the scope of the project has been modified to remove the loop at the end of the park with the project ending at Bear Creek Parkway. The width of the trail will be reduced from EULESS DEVELOPMENT CORPORATION AUGUST 4, 1998 PAGE 4 12 foot to 8 foot and a different product will be used for the trail. An amenity package will be a future add-on. Mr. Hart explained that the City is $60-70,000 into the project and they have a choice. TXDOT is still willing to participate at $700,000 and the City will spend between $200,000 and $300,000. Charlie Miller asked Rick Herold about the impact on the Parks Department for maintenance. Mr. Herold replied that it would not make a great difference. Glenn Porterfield stated that he would like to see the project include the connection over Fuller Wiser. Mr. Hart reported the City would still like to have a new Parks maintenance facility and the Tejas building appears to be the best site. Bobby Baker stated he is not in favor of the Tejas building being used for the Parks maintenance facility. He stated the City needs warehouse storage space, and he recommended they look at disposing of the Tejas building and look for a different site for the maintenance facility along with storage space. Joe Hennig asked Rick Herold what his growth potential would be if the Tejas building is used. Johnny Green replied that they would not have much additional space, but would be able to store some equipment inside. Mr. Green said another concern is the lack of employee parking. Tom Hart pointed out that the projected ending balance for the Fiscal Year 99 budget will be $589,000 which remains above the Board's policy of keeping $500,000 in reserves. He stated the revenue is projected to be $149,000 over expenditures and that it is his desire to build that amount up to be used as debt service for Phase II of the Parks at Texas Star. Rick Herold said he is working on a $500,000 grant and that they may be in a position by early summer 1999 to issue bonds for Phase II. There being no further discussion, Mayor Saleh closed the public hearing. APPROVAL, FISCAL YEAR 1998-1999 BUDGET Upon motion by Charlie Miller and second by Glenn Porterfield, the Fiscal Year 1998-1999 budget of the Euless Development Corporation was approved by unanimous vote. ADJOURN There being no further business before the Corporation, the meeting was adjourned at 5:40 p.m. ATTEST: APPROVED: t AriA � ./ usa 'Crim, 'cretary Mary Lib,.aleh, Chairman Half Cent Sales Tax Fund Operating Budget Proposed FY 1999 'Projected Beginning Balance, FY 98/99 I $689,697 Budgeted REVENUES: Sales Tax Collections $2,050,000 Interest Income $65,000 Operating Revenue $2,115,000 EXPENDITURES: Parks Personnel ($175,068) Supplies& Misc. ($19,500) Advertising ($5,000) Contingencies ($25,000) Utilities ($85,000) Equipment Notes ($38,556) ($348,124) library Personnel ($283,005) Economic Development Personnel ($47,082) Supplies&Misc ($3,200) Special Services ($10,000) Advertising and Promotions ($15,000) Travel ($8,000) Professional Services ($10,000) Incentives ($25,000) Miscellaneous Projects ($10,000) Art(2%of Sales Tax Collections) ($40.0001 ($168,282) Debt and Bank Charges ($912,188) Audit Services ($4,000) Undesignated Contigency ($250,000) Operating Expenditures ($1,965,599) Excess Revenue over Expenditures $149,401 Transfer to 1/2 Cent CIP-Hike Trail ($100,000) Capital Programs-Park Building ($150,000) Subtotal-One Time Expenditures ($250,000) TOTAL EXPENDITURES ($2,215,599) 'Projected Ending Balance,FY98/99 ' $589,098