HomeMy WebLinkAbout1999-10-18 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
OCTOBER 18, 1999
The Board of Directors of the Euless Development Corporation met on Monday, October
18, 1999, in the City Council Chambers, 201 North Ector Drive, Euless Texas.
The following persons were in attendance:
Mayor Mary Lib Saleh, Chairman
Mayor Pro Tern Charles Miller
Council Member Carl Tyson
Citizen Member Wayne Marrs
Citizen Member Sonja Adams
City Manager Joe Hennig, President
Deputy City Manager Gary McKamie, First Vice President
Director of Economic Development Andrea Baxter, Second Vice President
Finance Director Loretta Getchell, Treasurer
City Secretary Susan Crim, Secretary
Director of Community Services Rick Herold
Council Member Bobby Baker and Citizen Member Lefty Lynn Maloney were not present.
CALL TO ORDER
The meeting was called to order at 5:42 p.m. by Chairman Mary Lib Saleh.
APPROVAL, MINUTES OF JULY 29, 1999 MEETING
Upon motion by Charlie Miller and second by Wayne Marrs, the minutes of the July 29,
1999, meeting were approved by unanimous vote.
PUBLIC HEARING FOR PROJECT INVOLVING PARK IMPROVEMENTS AT PARKS AT
TEXAS STAR
Chairman Saleh opened the public hearing at 5:44 p.m. City Secretary Susan Crim stated
that the public hearing had been published in the Fort Worth Star Telegram on Thursday,
September 23, 1999. Director of Economic Development Andrea Baxter displayed a
drawing of the Dr. Pepper Star Center being proposed on a 20-acre site recently annexed
from the City of Fort Worth. The project proposed to be undertaken by the Euless
Development Corporation will include 285 parking spaces with associated drainage,
landscaping and irrigation, fencing and an entryway.
EULESS DEVELOPMENT CORPORATION OCTOBER 18. 1999 PAGE 2
The Dallas Stars Hockey Club will build an ice rink facility along with 125 parking spaces.
A concession stand will be included that will replace the one the City had intended to
include in Phase II of the Parks at Texas Star. The City will complete the landscaping
along Pipeline Road and the Dallas Stars will do the landscaping within the Center. The
undeveloped area East of the Center will be a grassed area.
There being no proponents or opponents of the project, Chairman Saleh closed the public
hearing at 5:50 p.m.
APPROVAL OF RESOLUTION NO. 06-99 AUTHORIZING A PROJECT INVOLVING
PARK IMPROVEMENTS AT THE PARKS AT TEXAS STAR
City Manager Joe Hennig stated that the Corporation's designation of this development
as an official project is a legal step in the process of selling debt to fund the project. The
amount of debt will be one million dollars.
Upon motion by Wayne Marrs and second by Sonja Adams, Resolution No. 06-99
authorizing a project involving park improvements at the Parks at Texas Star was
approved by unanimous vote.
Mr. Hennig reported that the Corporation will authorize the issuance of bonds at their
meeting on October 26, and the City Council is expected to ratify the issuance at their
meeting the same date.
RATIFICATION OF FISCAL YEAR 1999-2000 EULESS DEVELOPMENT
CORPORATION BUDGET
City Manager Joe Hennig reported that the City Council requested several revisions in the
Euless Development Corporation FY2000 budget at their budget worksession in August.
They include: (1) Allocation of $100,000 to replace the floor of the gym at Midway
Recreation Center with a wooden floor; (2) Elimination of the part-time economic
development intern; and (3) Roll the remaining $20,000 for public art from the FY99
budget into the FY2000 budget. Director of Community Services Rick Herold stated that
the staff would have liked to have had the wooden floor in the gym from the beginning,
but they have used that facility for multi-purpose events. Now that the conference center
is available, they are able to hold most events there instead of in the gym. They can also
book State and Regional basketball tournaments at the Midway Recreation Center gym if
they have a wooden floor and those tournaments would have a positive economic impact
on the City.
Upon motion by Sonja Adams and second by Wayne Marrs, the Fiscal Year 2000 budget
of the Euless Development Corporation was ratified, with the changes outlined, by
unanimous vote.
EULESS DEVELOPMENT CORPORATION OCTOBER 18, 1999 PAGE 3
PRESIDENT'S REPORT
City Manager Joe Hennig reported that the annexation of approximately 20 acres for the
Dallas Stars Hockey Center had been completed and the zoning change was scheduled for
the City Council agenda of October 26 as well as a specific use permit to allow alcohol
sales. The target date for completion of the project is the summer of 2000.
Mayor Saleh reported that she had attended several meetings of the Olympic 2012
committee and that they are looking at all areas in the Metroplex for various events,
including the Texas Star complex.
ADJOURN
There being no further business before the Corporation, the meeting was adjourned at 6:10
p.m.
APPROVED:
V / . fin, /i lc_
Mary Lib Sf�leh
Chairman
ATTEST:
u an Crim
Secretary
Half Cent Sales Tax Fund
Operating Budget
FY 2000
FY 2000
Budgeted
[Beginning Fund Balance, Unaudited $927,751
REVENUES:
Sales Tax Collections 2,033,488
Interest Income 60,000
Operating Revenue 2,093,488
EXPENDITURES:
Parks
Personnel (139,099)
Supplies&Misc. (24,500)
Advertising (5,000)
Contingencies (20,000)
Utilities (77,000)
Equipment Notes (37,873)
(303,472)
Library
Personnel (292,454)
Economic Development
Personnel (44,038)
Supplies&Misc (3,200)
Special Services (7,500)
Advertising and Promotions (14,000)
�.-. Travel (8,000)
Professional Services (10,000)
Subscriptions (1,500)
Professional Dues (600)
Communication Services (350)
Incentives (25,000)
•
Miscellaneous Projects (10,000)
Art(2%of Sales Tax Collections) (61,722)
(185,910)
Debt and Bank Charges (899,294)
Audit Services (4,000)
Undesignated Contingency (250,000)
Operating Expenditures ($1,935,130)
Excess Revenue over Expenditures $158,358
Capital Programs-Park Building ($150,000)
Capital Programs-Wooden Floor ($100,000)
Capital Programs-Midway Teen Room ($10,000)
Capital Programs-Mowing Contract ($51,866)
Capital Programs-Library Books ($35,000)
Subtotal-One Time Expenditures (5346.866)
TOTAL EXPENDITURES ($2,281,996)
[Projected Ending Fund Balance,FY99-00 $739,243