HomeMy WebLinkAbout1984-12-17 THE MINUTES OF A MEETING OF THE EULESS
NON-PROFIT INDUSTRIAL DEVELOPMENT AUTHORITY
HELD ON
DECEMBER 17 , 1984
A called meeting of the Euless Non-Profit Industrial Development Author-
ity was called to order at 5 : 00 p .m . , on Monday , December 17 , 1984 , in
the Conference Room of the Euless Municipal Building , 201 N. Ector Drive ,
Euless , Texas .
Persons in attendance were Jim Ivy , Bob Eden , Willie Mae McCormick , Glenn
Walker ; Absentees were Neal Adams , Troy Fuller , and Robert Pippin .
Also in attendance were Bob McFarland , Jack J . Coco , William (Bill )
Hansen , Nabil Alsaffar , and Kay Rainey .
For the purpose of this meeting , Glenn Walker served as Chairman and Jim
Ivy as Secretary .
Jack J . Coco , Development Coordinator , for Mid-Cities Business Park
joint venture , stated that this project would be located on S . H . 10 in
Euless , Texas , on a site that amounted to 7 . 64 acres , being 332 , 840
square feet . No buildings are on the project site at this time , and the
current owner of the property is the Jamata Trust Fund . It is planned
that five new buildings will be constructed on the site , one being a
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15, 000 square foot building and four being 27 , 500 square feet each , for
a total of 125 , 000 square feet of buildings . The buildings would be used
for third party leases to prospective tenants , primarily for small
businesses or companies just starting . The total amount of the project
at this time is estimated to be $5 , 099, 135 . It is estimated that 250
people would be working in the business park with jobs that range from
light industrial to management with an approximate payroll of $3 . 75
million .
Mr . McFarland asked if the property was already zoned for their proposed
useage . Mr . Coco responded , yes it was .
Mr . Ivy asked what type of buildings these would be . Mr . Coco stated they
would be tilt-wall with tiled roofs .
Mr . Eden moved to approve the Resolution with respect to the issuance of
bonds for Mid-Cities Business Park joint venture . Mrs . McCormick
seconded the motion , and the motion was approved unanimously .
Chairman Walker stated that the motion had carried .
Mr . McFarland stated that after the meeting is adjourned the proper
documents will be executed and delivered to bond counsel .
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�. There being no further business before the Authority , the meeting was
adjourned at 5 : 15 p .m .
APPROVED :
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Glenn Walker , Chairman (acting )
ATTEST :
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Jim y , Secret r
Minutes taken and prepared by Kay Rainey ,
City Secretary , Euless , Texas
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low
"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
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
Monday, December 17 , 1984 , to consider and act upon any
lawful subject which may come before it , including,
among others , the following :
R E S O L U T I O N
WITH RESPECT TO ISSUANCE OF BONDS FOR
1) Mid-Cities Business Park, Inc .
Joint Venture
POSTED this 14th day of December , 1984 , at 4 : 45 P .M.
(City Seal) "
L, QC
Kay R 'ney, City S retary
201 N. Ector Drive • Euless, Texas 76039-3595 • 8171283-5381 Metro 267-4403