HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-9/10/2002
City of
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Texas
PUBLIC NOTICE
ON TUESDAY, SEPTEMBER 10,2002, AT 6:45 P.M., IN THE CITY COUNCIL
CHAMBERS, 5400 BRANSFORD ROAD, THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION BOARD OF DIRECTORS Will HOLD A
MEETING FOR THE FOllOWING PURPOSE:
CONSENT:
1. CONSIDERATION OF CONSENT RESOLUTION R-02-49 - CONSENT
ITEMS:
a. Approval of minutes of the Colleyville Economic Development
Corporation Board of Directors meeting held September 11,2001
b. Approval of an Agreement for Arbitrage Rebate Compliance Services
with First Southwest Asset Management, Inc.
c. Approval of a Depository Pledge Agreement with Wells Fargo Bank
Texas, N.A.
d. Approval of a Pledge Agreement with the Federal Reserve Bank of
Boston
PUBLIC HEARINGS:
2. READING AND PUBLIC HEARING - RESOLUTION R-02-50 - A
Resolution appointing a Colleyville Economic Development Corporation
President and Vice President
3. READING AND PUBLIC HEARING - RESOLUTION R-02-51 - A
Resolution adopting the Economic Development Capital Improvement
Program (EDCIP) for 2003 - 2007
4. READING AND PUBLIC HEARING - RESOLUTION R-02-52 - A
Resolution adopting the Fiscal Year 2003 Budget
P.O. BOX 185 COLLEYVILLE, TEXAS 76034 (817) 577-7575
ACTION ITEMS:
5. DISCUSSION AND CONSIDERATION OF THE COLLEYVILLE
ECONOMIC DEVELOPMENT CORPORATION INVESTMENT POLICY
REPORTS:
6. ANNUAL ACTIVITY REPORT
7. ANNUAL INVESTMENT REPORT
8. READING AND PUBLIC HEARING - RESOLUTION R-02-53 - A
Resolution ratifying Corporate Board action for the meeting of September
10,2002
ADJOURNMENT:
9. ADJOURNMENT
I certify that the above notice was posted on the Bulletin Board at City Hall on
September 6, 2002, at 4:30 p.m.
c~::~~r
City Secretary
MINUTES OF THE
COLLEYVILLE ECONOMIC DEVELOPMENT
CORPORATION BOARD OF DIRECTORS MEETING
SEPTEMBER 10, 2002
The meeting of the Colleyville Economic Development Corporation Board of directors
was called to order by President Joe Hocutt on September 10, 2002, at 6:45 p.m.
ROLL CALL:
Directors Donna Arp, Brad Rice, Donna O'Brien, and Janice Cole
were present. President Joe Hocutt, City Manager Bill Lindley,
Deputy City Manager Dianne McWethy, Finance Director Terry
Leake, Community Development Director Barry LeBaron,
Administrative Assistant Cindy Martin and City Secretary Cynthia
Singleton were also present.
Directors Ginny Tigue and Gary Cantrell were absent.
CONSENT:
1. CONSIDERATION OF CONSENT RESOLUTION R-02-49 - CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held September 11, 2001
b. Approval of an Agreement for Arbitrage Rebate Compliance Services with
First Southwest Asset Management, Inc.
c. Approval of a Depository Pledge Agreement with Wells Fargo Bank Texas,
N.A.
d. Approval of a Pledge Agreement with the Federal Reserve Bank of Boston
President Hocutt opened the public hearing and read Resolution R-02-49 in its entirety.
There was no one present wishing to speak concerning this item and President Hocutt
closed the public hearing.
Director Rice moved to approve Resolution R-02-49.
Director O'Brien seconded the motion.
Director Arp stated, regarding Item c, that the bank is determined through a bidding
process.
CEDC MINUTES
SEPTEMBER 10, 2002
Ayes: Directors Donna Arp, Brad Rice, Donna O'Brien, Janice Cole and President Joe
Hocutt
Nays: None
President Hocutt declared the motion carried.
PUBLIC HEARINGS:
2. READING AND PUBLIC HEARING - RESOLUTION R-02-50 - A Resolution
appointing a Colleyville Economic Development Corporation President and Vice
President
President Hocutt opened the public hearing and read Resolution R-02-50 in its entirety.
There was no one present wishing to speak concerning this item and President Hocutt
closed the public hearing.
President Hocutt called for nominations for President.
Director Rice nominated Joe Hocutt for President.
Director Cole seconded the motion.
Ayes: Directors Donna Arp, Brad Rice, Donna O'Brien, Janice Cole and President Joe
Hocutt
Nays: None
President Hocutt declared the motion carried.
President Hocutt called for nominations for Vice-President.
Director Arp nominated Brad Rice for Vice-President.
Director O'Brien seconded the motion.
Ayes: Directors Donna Arp, Brad Rice, Donna O'Brien, Janice Cole and President Joe
Hocutt
Nays: None
President Hocutt declared the motion carried.
3. READING AND PUBLIC HEARING - RESOLUTION R-D2-51 - A Resolution
adopting the Economic Development Capital Improvement Program (EDCIP) for
2003 - 2007
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CEDC MINUTES
SEPTEMBER 10, 2002
President Hocutt opened the public hearing and read Resolution R-02-51 in its entirety.
There was no one present wishing to speak concerning this item and President Hocutt
closed the public hearing.
Discussion ensued regarding the parkland purchase and city markers.
Director Rice moved to approve Resolution R-02-51 with the amendment to transfer
funds designated for city markers to the General Fund.
Director Cole seconded the motion.
Ayes: Directors Donna Arp, Brad Rice, Donna O'Brien, Janice Cole and President Joe
Hocutt
Nays: None
President Hocutt declared the motion carried.
4. READING AND PUBLIC HEARING - RESOLUTION R-02-52 - A Resolution
adopting the Fiscal Year 2003 Budget
President Hocutt opened the public hearing and read Resolution R-02-52 in its entirety.
There was no one present wishing to speak concerning this item and President Hocutt
closed the public hearing.
Director Terry Leake provided an overview of the Fiscal Year 2003 Budget.
Director Arp moved to approve Resolution R-02-52.
Director O'Brien seconded the motion.
Ayes: Directors Donna Arp, Brad Rice, Donna O'Brien, Janice Cole and President Joe
Hocutt
Nays: None
President Hocutt declared the motion carried.
ACTION ITEMS:
5. DISCUSSION AND CONSIDERATION OF THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION INVESTMENT POLICY
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CEDC MINUTES
SEPTEMBER 10, 2002
Finance Director Terry Leake provided an overview of the Colleyville Economic
Development Corporation Investment Policy.
REPORTS:
6. ANNUAL ACTIVITY REPORT
There was no action taken on this item.
7. ANNUAL INVESTMENT REPORT
There was no action taken on this item.
8. READING AND PUBLIC HEARING - RESOLUTION R-D2-53 - A Resolution
ratifying Corporate Board action for the meeting of September 10,2002
This Resolution was not needed.
ADJOURNMENT:
9. ADJOURNMENT
There being no further business before the Board, Director Arp moved to adjourn.
Director Rice seconded the motion.
Ayes: Directors Donna Arp, Brad Rice, Donna O'Brien, Janice Cole and President Joe
Hocutt
Nays: None
President Hocutt declared the meeting adjourned at 7:14 p.m.
APPROVED THIS
'1 AYES,
95s1 DAY OF ~2003. BY A VOTE OF
t) NAYS AND 0 ABSTENTIONS.
Minutes taken and prepared b~
ct:1'n9Ieton, TRMC
City Secretary
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