HomeMy WebLinkAbout1985-09-25 \` MINUTES OF A MEETING OF THE EULESS
NON-PROFIT INDUSTRIAL DEVELOPMENT AUTHORITY
HELD ON
SEPTEMBER 25 , 1985
A called meeting of the Euless Non-Profit Industrial Develop-
ment Authority was called to order at 5 : 00 p .m . , on Wednesday ,
September 25 , 1985 , in the Conference Room of the Euless
Municipal Building , 201 North Ector Drive , Euless , Texas .
Members of the Authority in attendance were Glenn Walker ,
Robert Pippin , Willie Mae McCormick and Ron Sternfels . Mr . Eden
joined the meeting while in progress .
Also in attendance were Bob McFarland , Margaret Johnson , Mardi
Gradolf, Ray Miller , Chris Vimmett , and Kay Rainey .
ITEM 1 : Election of Secretary
Mr . Pippin moved to nominate Ron Sternfels as Secretary to the
Board . Ron Sternfels was elected secretary to the Euless Non-
Profit Industrial Development Authority by unanimous vote .
`1r► ITEM 2 : Resolution - MC Vending Company , Inc .
Margaret Johnson , Vice President , DSI Capital Markets Group ,
stated that she would resubmit a revised application , page 1 ,
to reflect the current and correct members and titles of the
Euless Industrial Development Board .
She explained the application for a two million dollar project
for the MC Vending Company , Inc . , 3425 Raider Drive , Suite C ,
Hurst , Texas , 76053 . The location of the project in Euless is
at Lot C-6 Royal Park at Regal Park . It includes 1 . 11 acres of
land , and there are no buildings on the site at this time . It
is planned to build one building with 19 , 000 square feet , and
the building will be used to store vehicles and products , such
as soft drinks , coffee , and food items . There will be four 1500
square feet lease spaces available for lease to third parties .
The project should employ a total of 23 employees , with an
annual payroll in the neighborhood of $365 , 000 a year . The
project is currently zoned for Industrial Development .
Glenn Walker moved to approve the project for MC Vending
Company , Inc . Mr . Pippin seconded the motion , and the project
was approved by unanimous vote .
ITEM 3 : Additional Bond Issue for Atlas Match Corporation
( Recording secretary ' s notation : After consideration of MC
Vending Company , Inc . , Glenn Walker excused himself and ab-
sented himself from the board room and any further delib-
erations of the Board . )
Mr . Eden joined the meeting at this time .
Upon motion by Mr . Pippin , second by Mr . Sternfels , and unani-
mous vote , Mrs . McCormick was named acting President for the
duration of the meeting .
Mr . McFarland explained that the Atlas Match Corporation was
requesting an additional bond issue of $500 , 000 to complete
their project . He said he would be happy to answer any
questions if there were any .
On motion by Mr . Pippin , second by Mr . Sternfels , and unani-
mously approved , the additional bond issue was granted to Atlas
Match Corporation .
ITEM 4 : Adjournment
There being no further business before the Board , Mrs .
McCormick declared the meeting adjourned at 6 : 50 p . m . .
Glen Walker , Vice Chairman
RG Sternfels, ecretary
Minutes were taken by Kay Rainey , Euless City Secretary .
09 "We're Building a Beautiful Tomorrow"
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PUBLIC NOTICE OF MEETING
TAKE NOTICE THAT A MEETING OF THE EULESS INDUSTRIAL DEVELOPMENT
AUTHORITY
wiZZ be heZd at the EuZess City HaZZ MunicipaZ BuiZding, in the
City CounciZ Conference Room, 201 North Ector Drive, EuZess,
Texas, 76039, convening at 5: 00 P. M. , Wednesday, September 25,
1985, to consider and act upon any ZawfuZ subject which may
come before it, incZuding, among others, the foZZowing:
AdditionaZ bond issue of $500, 000 for
• AtZas Match Corporation.
This notice posted under emergency basis on the 24th
day of September, 1985, at 12: 15 P.M.
Kay R ney, City e retar ,
(seaZ)
•
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201 N. Ector Drive • Euless, Texas 76039-3595 • 8171283-5381 Metro 267-4403