HomeMy WebLinkAbout1984-12-27 `rr r/
,%„ THE MINUTES OF A MEETING OF THE EULESS
NON-PROFIT INDUSTRIAL DEVELOPMENT AUTHORITY
HELD ON
DECEMBER 27 , 1984
A called meeting of the Euless Non-Profit Industrial Development Au-
thority was called to order at 5 : 00 p .m . , on Thursday , December 27 , 1984,
in the Conference Room of the Euless Municipal Building , 201 N . Ector
Drive , Euless , Texas .
Persons in attendance were Neal Adams , Jim Ivy , Bob Eden , Willie Mae
McCormick , Glenn Walker ; absentees were Troy Fuller and Robert Pippin .
Also in attendance were Bob McFarland , Charles Dawson , Gary Martin , and
Jeff Haslow, representing Ferguson Universal , Inc . , and Kay Rainey .
For the purposes of this meeting , Glenn Walker served as Chairman and Jim
Ivy as Secretary .
The Ferguson Universal , Inc . , project is planned for a location of S . H .
10 out of the John Groves Survey , Abstract 599 , and is located on 12 . 447
acres . There are no buildings on the land at this time , but it is planned
to construct two buildings , each approximately 50, 000 square feet . The
buildings would be used for storage , distribution and sale of plumbing
materials at wholesale to contractors and tradesmen and other offices of
the principle user throughout the metroplex . The second building will
be occupied by the principle users parent company for storage and
distribution of plumbing materials and support of parent company oper-
ations throughout the Southwest . The project cost is estimated to be $5
million , and not greater than $10 million . Employment should become
available for 55 employees , including office clerical , warehouse , truck
drivers , inside sales , and purchasing , with an anticipated growth wage
per annum of $970 , 000 .
A handout of the project was given to each of the members of the
Authority , for their review .
Neal Adams asked why the project had decided to settle in Euless . Mr .
Martin stated that they had searched for three months in the Mid-Cities
area for an appropriate site . They wanted a location in the center of
the metroplex and close to DFW Airport . After the study was conducted ,
focus was given to south of the Airport , with a consolidated source of
potential personnel for the work force that will be required . In and out
access to the property was a consideration , truck access , close proximity
to Dallas , Fort Worth , and the Airport , and a suitable employment pool .
Mr . Eden moved to approve the Resolution with respect to issuance of
bonds for the Ferguson Universal , Inc . , Project . Mrs . McCormick seconded
the motion and it was unanimously approved .
Mr . Walker declared the motion carried .
There being no further business before the Authority , the meeting was
adjourned at 5 : 30 p .m .
APPROVED :
Glenn Walker , Chairman (acting )
ATTEST :
Q qAI71-
Jim vy , Secr ry
Mi utes taken and prepared by Kay Rainey ,
City Secretary , Euless , Texas
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"We're Building a Beautiful Tomorrow"
�. e6d
PUBLIC NOTICE OF MEETING
TAKE NOTICE THAT A MEETING OF THE EULESS INDUSTRIAL DEVELOPMENT AUTHORITY
will be held at the Euless City Hall Municipal Building, in the City Council
Conference Room, 201 North Ector Drive, Euless, Texas, 76039, convening at 5:00
P.M. , on Thursday, December 27, 1984, to consider and act upon any lawful
subject which may come before it, including, among others, the following:
�► RESOLUTION
WITH RESPECT TO ISSUANCE OF BONDS FOR
Ferguson--Universal , Inc.
POSTED this 21st day of December, 1984, at 4:30 P.M.
Kay RafAey, City Secre
201 N. Ector Drive 9 Euless, Texas 76039-3595 • 817/283-5381 Metro 267-4403