HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-12/3/2013(� � l�
COLLEYVILLE
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City of Colleyville
Colleyville Economic
Development Corporation
Board Agenda
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Tuesday, December 3, 2013 City Council Chambers
5•00 p m Third Floor, City Hall
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CALL TO ORDER
CONSENT: READING AND PUBLIC HEARING - Resolution R-13-128
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 27, 2013
2b Approval of the minutes of the City Council and Colleyville Economic
Development Corporation Board of Directors Joint Worksession of
November 12, 2013
2c Approval of a Depository Pledge Agreement with Wells Fargo Bank,
National Association and The Bank of New York Mellon Trust
Company, National Association, and authorize the general manager to
execute the agreement
RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-13-129
Authorizing the issuance of Colleyville Economic
Corporation (CEDC) Refunding Sales Tax Subordinate
Bonds, Series 2013 and providing for the redemption
being refunded
Development
Lien Revenue
of the bonds
CITIZENS COMMENTS/PRESENTATIONS REGARDING ITEMS NOT ON
THE AGENDA
AD70URNMENT
I hereby certify this agenda was posted on
November 27, 2013 by 5:00 p.m.
Amy S elley, TR
City Secretary
City Hall bulletin boards Wednesday,
Colleyville Economic
Development Corporation Agenda December 3, 2013
Any matter on this agenda may, at the discretion of the governing body, be
opened for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
Si7.503.i130, and reasonable accommodations will be made to assist you.
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City of Colleyville
Colleyville Economic
Development
Corporation Board
Minutes
Tuesday, December 3, 2013
City Hall
S00 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
President Carol Wollin called the Colleyville Economic Development Corporation
Board meeting to order on December 3, 2013 at 5:01 p.m.
ROLL CALL: President Carol Wollin, Vice President Stan Hall, Directors Mark
Davidson, Tom Hart, David Kelly, and Bradley Shields. General Manager Jennifer
Fadden, Finance Manager Terry Leake, Secretary Amy Shelley, and City staff
Finance Manager Karen Hines was also present.
Director Mark Slosson joined the meeting at 5:10 p.m.; therefore, he was not
present to vote on the consent items. He was present for the voting of item 3a.
2. CONSENT: READING AND PUBLIC HEARING - Resolution R-13-128
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 27, 2013
2b Approval of the minutes of the City Council and Colleyville Economic
Development Corporation Board of Directors Joint Worksession of
November 12, 2013
2c Approval of a Depository Pledge Agreement with Wells Fargo Bank,
National Association and The Bank of New York Mellon Trust Company,
National Association, and authorize the general manager to execute
the agreement
President Wollin read Resolution R-13-128 in its entirety.
President Wollin opened the public hearing at 5:04 p.m.
There was no one present wishing to speak concerning this item and President
Wollin closed the public hearing at 5:04 p.m.
Director Kelly moved to approve Resolution R-13-128.
Vice President Hall seconded the motion.
Colleyville Economic
Development Corporation Minutes December 3, 2013
The motion carried by the following vote:
Aye: 6- President Carol Wollin, Vice President Stan Hall, Directors Mark
Davidson, Tom Hart, David Kelly, and Bradley Shields
3. RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-13-129
Authorizing the issuance of Colleyville
Corporation (CEDC) Refunding Sales Tax
Bonds, Series 2013 and providing for the
being refunded
Economic
Subordinate
redemption
Development
Lien Revenue
of the bonds
President Wollin read the caption of Resolution R-13-129, as the resolution is 28
pages. The Board members approved by acclamation the reading of the caption
only.
Jim Sabonis, Managing Director of First Southwest, presented this item to the
Board members.
President Wollin opened the public hearing at 5:15 p.m.
There was no one present wishing to speak concerning this item and President
Wollin closed the public hearing at 5:15 p.m.
Director Kelly stated being good with the options of Regions Bank. Mr. Sabonis
concurred.
Director Hart moved to approve Resolution R-13-129. Director Kelly seconded the
motion, with an amendment to include Regions Bank as the successful bidder.
Director Hart accepted the amendment.
Director Kelly questioned Mr. Sabonis regarding if he will need
information to move forward. Mr. Sabonis replied the resolution
naming of Regions Bank will be sufficient.
The motion carried by the following vote:
any additional
caption and the
Aye: 6- President Carol Wollin, Vice President Stan Hall, Directors Mark
Davidson, Tom Hart, David Kelly, and Mark Slosson
Abstain: 1- Director Bradley Shields
4. CITI2ENS COMMENTS/PRESENTATIONS REGARDING ITEMS NOT ON
THEAGENDA
Colleyville Economic
_D_eyelopment Corporation Minutes December 3, 2013
There was no one present wishing to speak regarding this item.
5. ADJOURNMENT
There being no further business before the Board, Vice President Hall made a
motion to adjourn. Director Kelly seconded the motion.
The motion carried by the following vote:
Aye: 7— President Carol Wollin, Vice President Stan Hall, Directors Mark
Davidson, Tom Hart, David Kelly, Bradley Shields, and Mark Slosson
President Wollin adjourned the meeting at 5:19 p.m.
APPROVED BY A VOTE OF 7 AYES, 0 NAYS, AND 0 ABSTENTIONS ON THIS THE
26T" DAY OF AUGUST, 2014.
Minutes taken and prepared by:
Amy Shelley, TRMC
City Secretary