HomeMy WebLinkAbout1984-08-10 r• �r
THE MINUTES OF A MEETING OF THE EULESS
NON-PROFIT INDUSTRIAL DEVELOPMENT AUTHORITY
HELD ON
AUGUST 10, 1984
A called meeting of the Euless Non-Profit Industrial Development Authority was called to order
at 3:00 o'clock p.m. on Friday, August 10, 1984, in the Conference Room of the Euless
Municipal Building, 201 N. Ector Drive, Euless, Texas.
Persons in attendance were Neal Adams, Troy Fuller (Chairman), Jim Ivy (Secretary), Bob Eden,
Willie Mae McCormick, Glenn Walker, Bob McFarland (City Attorney), Kay Rainey (City
Secretary), Charles Padgett, Richard A. Yahr, and Daun Peters.
Also in attendance were Donald C. Wolfe, representing H. B. Leasing Company; Bruce R.
Bolzenthal, representing Futura Stone of North Texas, Inc.; and Glenn Walker, representing
Atlas Match Corporation.
ITEM 1: Futura Stone of Texas, Inc., d/b/a Futura Stone of North Texas, Inc.
Bruce R. Bolzenthal, President of Futura Stone, stated that they desired to establish a facility
in the City of Euless at the corner of Raider Drive and South Pipeline Road. The site will
include approximately 25,000 square feet on what is now vacant property. One building will
be constructed, with a first floor of approximately 12,000 square feet and a second floor of
approximately 4,000 square feet. The space will be used for showroom, offices, distribution,
*w and warehousing for business purposes. Futura Stone is in the business of decorative, outdoor
concrete resurfacing using small river gravel and high quality epoxy. Part of the space in the
proposed building will be leased to other tenants. Approximately ten new positions ranging
from sales to office to labor will be brought about by this new facility, with an expected
payroll of a least $500,000 per year.
Neal Adams moved to adopt a resolution to approve the project for Futura Stone of Texas, Inc.,
d/b/a Futura Stone of North Texas, Inc. The motion was seconded and unanimously approved.
Chairman Fuller declared the motion carried.
ITEM 2: H. B. Leasing Company
Ronald C. Wolfe, partner, H. B. Leasing Company, 1901 Central Drive, Bedford, Texas, 76021,
made application to the Euless Non-Profit Industrial Development Authority. Their proposed
project will be located 100 East Euless Boulevard, Euless, Texas, on 4.08 two acres of land.
There currently is a grocery market located at the site, and the existing buildings would be
razed and new buildings constructed. Two new buildings will be built, with 40,000 square feet
each, totally 80,000 square feet. The project will be constructed in two phases, with each
phase consisting of one of building and related facilities. It will be used for general office,
medical office, and general retail establishments. A site plan was presented, reflecting an L-
shaped shopping strip center with a brick face and contemporary styling. Paving and utilities
in the area will be improved. The project will hopefully begin in about thirty (30) days.
Mr. Eden moved to approve the project request. Mrs. McCormick seconded the motion, and
the motion was unanimously approved. Chairman Fuller announced the motion carried.
lar,. �
ITEM 3: Atlas Match Corporation
(City Secretary's Notation: Glenn Walker stepped down from the Authority during consideration
of this item due to a conflict of interest. Mr. Walker stated that he had filed the required
CONFLICT OF INTEREST AFFIDAVIT in accordance with the laws affecting same, prior to the
meeting.)
Glenn D. Walker, President, Atlas Match Corporation, 1000 Avenue H East, Arlington, Texas,
76011, proposed that this project be developed at 1300 South Airport Circle, Euless, Texas, on
4.6306 acres of land. There is no building on the site at this time, and it is currently vacant
property. A new building will be constructed with approximately 63,000 square feet, to be used
for office and manufactory facilities related to the principal users sale and manufacture of
advertising match books. The project will provide jobs for about 150 employees, with an annual
payroll of approximately $2,750,000.
Neal Adams moved to approve the resolution for Atlas Match Corporation. Jim Ivy seconded
the motion and the motion was approved unanimously except for Bob Eden. Mr. Eden stated
that he would abstain because he was on the Board of Directors of Atlas Match Corporation
and there could be a perceivedconflict. Chairman Fuller announced that the motion was
carried.
ADJOURNMENT
Bob McFarland distributed documents relating to these projects, and signatures were affixed.
Adjournment there being no further business before the Authority, the meeting was adjourned
at 4:30 p.m.
APPROVED:
oy 'Pufrer, Chairman
ATTEST:
Jim �Y, cret y
f/
1�l
Minutes taken and prepared by Kay Rainey,
,`, City Secretary, Euless, Texas
60 - ,�(( "We're Building a Beautiful Tomorrow"
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, at 201 North Ector Drive , Euless ,
Texas , 76039 , convening at 3 : 00 P.M. , on Friday, August 10 , 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) Futura Stone of Texas , Inc .
d/b/a
Futura Stone of North Texas , Inc .
2) Atlas Match Corporation
3) H. B. Leasing Co .
POSTED on this 6th day of August , 1984 , at 2 : 30 p .m.
('City Seal)
Kay R iney, City S TO ry
•
201 N. Ector Drive • Euless, Texas 76039-3595 • 8171283-5381 Metro 267-4403