HomeMy WebLinkAbout1980-02-22 FIRST AND ORGANIZATIONAL MEETING OF THE
BOARD OF DIRECTORS OF
THE EULESS INDUSTRIAL DEVELOPMENT AUTHORITY
The first and organizational meeting of the Board of Directors
of the EULESS INDUSTRIAL DEVELOPMENT AUTHORITY , a Texas non-profit
corporation, was held in the City of Euless , Texas , on the 22nd
day of February, 1980 , at 4 : 30 o'clock. p.m. , at which meeting the
following directors were present in person, to-wit:
Troy Fuller Neal Adams
Jim Ivy Bob Eden
Glenn Walker Mrs . Willie Mae McCormick
On motion duly made and seconded, Troy Fuller was elected
Chairman of the meeting and Jim Iv y was elected Secretary.
The meeting was called to order by Chairman Fuller .
A presentation was made to the Board by Euless City Attorney
Bob McFarland and Euless ' financial advisor , Mr . Boyd London of
First Southwest Company, providing background information concerning
the legislative history of the Texas Development Corporation Act
of 1979 , a review of the By-Laws of the Authority, as adopted by
the Euless City Council, and an overview of the authority, scope
and function of the Euless Industrial Development Authority.
Following further discussion by the members of the Board as to
the organization of the Authority, it was moved that election of
.officers be made. On motion duly made and. seconded, the following
were unanimously elected as officers -of the Authority:
Troy Fuller - President
Glenn Walker - Vice President
Jim Ivy - Secretary-Treasurer
Discussion was then had with respect to the formulation of
written guidelines and application forms for the use and guidance
of prospective applicants requesting assistance in the financing
of eligible projects by the Authority. After review of guidelines
and forms utilized by the Texas Industrial Commission and other
area development authorities , recommendation was made that the
City' s financial advisor prepare , in draft form, application forms
and regulations and that same be submitted to the Board for its
approval at its next meeting, tentatively scheduled for the first
Thursday in March, 1980 .
There being no further business to come before the Board, the
meeting was adjourned subject to the call of the President.
AW
Troy uller , airman of the
Jim I#, Secretary o the
Meeti g Mee ing