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HomeMy WebLinkAbout1999-11-30 EDC Minutes EULESS DEVELOPMENT CORPORATION BOARD OF DIRECTORS MINUTES NOVEMBER 30, 1999 The Board of Directors of the Euless Development Corporation met on Tuesday, November 30, 1999, in the Conference Room, of Building A at the Municipal Complex, 201 North Ector Drive, Euless Texas. The following persons were in attendance: Mayor Mary Lib Saleh, Chairman Mayor Pro Tern Charles Miller Council Member Bobby Baker 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 City Attorney Bob McFarland Director of Administration Tom Cox Director of Community Services Rick Herold Carmen Deithloff, Board member whose appointment is effective January 1, 2000 Citizen Member Letty Lynn Maloney was not present. CALL TO ORDER Chairman Mary Lib Saleh called the meeting to order at 5:40 p.m.. APPROVAL OF MINUTES OF OCTOBER 18, 1999 AND OCTOBER 26, 1999 MEETINGS Upon motion by Mayor Pro Tern Miller and second by Sonja Adams the minutes of the October 18 and the October 26, 1999 meetings were approved by unanimous vote. Mayor Saleh reported that Board Member Letty Lynn Maloney was ill and had called to say she was sorry to have to miss the last meeting of her term on the Board. Mayor Saleh introduced Carmen Deithloff, who was attending the meeting as an observer prior to taking her place on the Board January 1, 2000. EULESS DEVELOPMENT CORPORATION NOVEMBER 30, 1999 PAGE 2 REVIEW OF FINANCIAL REPORT FOR QUARTER ENDING SEPTEMBER 30, 1999 Director of Finance Loretta Getchell reviewed the Financial Report for the quarter ending September 30, 1999, and pointed out that sales tax collections were lower than had been budgeted due to the error in the State Comptrollers office that previously allocated sales tax to the Euless Development Corporation that belonged to another city. She said the amount collected was 93.53% of budget. Operating expenditures were within budget at $1,837,672. AUTHORIZATION FOR EXECUTION OF CONSTRUCTION AGREEMENT WITH CENTEX CONSTRUCTION COMPANY FOR IMPROVEMENTS WITHIN THE PARKS AT TEXAS STAR City Manager Joe Hennig stated that City employees have been working with Centex Construction Company to finalize the agreement for the construction of improvements within the Parks at Texas Star for the Dr. Pepper StarCenter consisting of not more than 300 surface parking spaces. He stated the Euless Development Corporation Board had approved the issuance of debt for the work at their meeting the previous month. He said the initial contract would be limited to $500,000 and that the amount proposed at this time is $490,018. Director of Economic Development Andrea Baxter reviewed the items in the contract and stated she believed it to be a very reasonable contract. She said they would begin to see evidence of construction beginning in the next few months. Mayor Pro Tern Charlie Miller pointed out that the subcontractors are the same ones Centex Construction Company is using. Council Member Bobby Baker asked about the 4-1/2 % profit shown in the agreement and Ms. Baxter replied that it was the Construction Management Fee. Upon motion by Wayne Marrs and second by Sonja Adams the Chairman and/or President of the Euless Development Corporation was authorized to execute a construction agreement with Centex Construction Company for improvements within the Parks at Texas Star. The vote was unanimous. REPORT ON CURRENT AND UPCOMING PROJECTS City Manager Joe Hennig reported that the City has had an opportunity presented to them to work with Butler Concrete for the relocation of their business to the City of Euless. He said Director of Administration Tom Cox has had discussions with them regarding the former fire station at the corner of West Pipeline Road and Westpark Way. City Attorney Bob McFarland explained the difference in how the City is required to buy and sell property as compared to how the Development Corporation is able to conduct similar projects. He stated that the City would be able to sell the fire station to the Development Corporation and they in turn could lease the property to Butler Concrete. EULESS DEVELOPMENT CORPORATION NOVEMBER 30, 1999 PAGE 3 Tom Cox stated that there was not adequate parking with the fire station property for a business to relocate there and that adjoining property could probably be obtained for parking. He stated the underground storage tank on the property would have to be removed by the City whether they sold the property or kept it for alternative uses. He said the City is now in the process of getting clearance from the Environmental Protection Agency. He reported that a five year lease is being considered and that if Butler Concrete did not have sales tax revenues to the City of $50,000, they would owe the City $36,000 per year. If Butler Concrete moved out during the first five years, there would be a prorated portion of$150,000 paid back to the City. Mayor Saleh asked if the Euless Development Corporation would complete the entire project. Mr. Cox replied that it would. Wayne Marrs asked what would happen after the expiration of the five-year lease. Mr. Cox replied the City would like the lease to continue after five years as the Development Corporation would then have their investment paid off and all revenue would be free and clear. City Manager Joe Hennig stated that Butler Concrete has multiple outlets in the Metroplex, but their sales from all of their locations would go through their corporate offices in Euless and the sales taxes would be collected here. Council Member Carl Tyson asked who would maintain the building. Mr. Cox stated the building is in need of a new roof that the City would be responsible for, but the inside renovations would be the responsibility of Butler Concrete. Sonja Adams asked where Butler Concrete is currently located and how long they have been in business. Mr. Cox replied that they have a batch plant within one half mile of the fire station on West Pipeline Road and that he was not sure how long they have been in business. Mr. Hennig stated that Mr. Butler is a former council member in the City of Colleyville. ADJOURN There being no further business before the Board, the meeting was adjourned at 6:26 p.m. APPROVED: Giitc-26:1241/ Ej4,14A ATTEST: Mary Lib Saleh Chairman Susan C Secretary