HomeMy WebLinkAbout2019-11-12 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
November 12, 2019
The Board of Directors of the Euless Development Corporation met on Tuesday, November
12, 2019, in the Mayor's Conference Room at City Hall in the Municipal Complex, 201 North
Ector Drive, Euless, Texas.
The following persons were in attendance:
Mayor Linda Martin, Chairman
Council Member Tim Stinneford
Mayor Pro Tem Jeremy Tompkins
Council Member Eddie Price
Citizen Member Sonja Adams
Citizen Member Carmen Deithloff
Citizen Member Jason Turner
City Manager Loretta Getchell, President
Deputy City Manager Bob Freeman, First Vice President
Director of Planning and Economic Development Mike Collins, Second Vice President
Finance Director Janina Jewell, Treasurer
City Secretary Kim Sutter, Secretary
Assistant City Manager Chris Barker
Director of Parks and Community Services Ray McDonald
Library Administrator Sherry Knight
City Attorney Wayne Olson
ITEM NO. 1. CALL TO ORDER
Chair Linda Martin called the meeting to order at 6:00 p.m.
ITEM NO. 2 APPROVED MEETING MINUTES
Director Stinneford motioned to approve the minutes of the August 12, 2019 meeting as
presented. Seconded by Director Price, the motioned carried by a unanimous vote.
ITEM NO. 3 CONSIDERED ALL MATTERS INCIDENT AND RELATED TO THE
ISSUANCE AND SALE OF "EULESS DEVELOPMENT
CORPORATION SALES TAX REVENUE BONDS, SERIES 2019";
INLCUDING THE ADOPTION OF RESOLUTION NO. 23-19,
AUTHORIZING THE ISSUANCE OF SUCH BONDS.
Treasurer Janina Jewell introduced the item and stated that the bonds are intended to cover
the cost associated with the improvements to the Texas Star Sports Complex (Phase VII).
Jason Hughes, Managing Director with Hilltop Securities, and Paul Braden representing
Norton Rose Fulbright, provided a brief overview of the bond sale and advised that the city
received a 2.667 percent interest rate on the bond issuance for a 20-year term, bringing the
annual debt payment to $280,000.
EDC Meeting Minutes Page 2 of 2 November 12, 2019
Director Turner motioned to approve Resolution No. 23-19, authorizing the issuance of
Euless Development Corporation Sales Tax Revenue Bonds, Series 2019. Seconded by
Director Adams, the motioned carried by a unanimous vote.
ITEM NO. 6. HEARD REPORTS ON CURRENT AND UPCOMING PROJECTS.
Parks and Community Services Director Ray McDonald presented an update and advised
that the Wilshire swimming pool has been demolished and the final touches are being put
on Carr Park.
Library Administrator Sherry Knight advised that staff will move back in to the newly
renovated library in the spring of 2020. Additionally, she provided an update related to the
RFID program and the reclassification program and advised of the addition of a new Teen
Librarian.
City Manager Loretta Getchell presented the Development update, including development
at Glade Parks, Harwood Road at State Highway 360, and Glade Road at State Highway
360, as well as Founder's Parc.
ITEM NO. 11. ADJOURN
There being no further business before the Board, the meeting was adjourned at 6:17 p.m.
APPROVED: ATTEST:
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