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HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-8/24/2004 city of Texas PUBLIC NOTICE ON TUESDAY, AUGUST 24, 2004, AT 6:45 P.M., IN THE CITY COUNCIL CHAMBERS, 100 MAIN STREET, THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS WILL HOLD A MEETING FOR THE FOLLOWING PURPOSE: CONSENT: 1. CONSIDERATION OF CONSENT RESOLUTION R-04-61 - CONSENT ITEMS: a. Approval of minutes of the Colleyville Economic Development Corporation Board of Directors meeting held September 9,2003 PUBLIC HEARINGS: 2. READING AND PUBLIC HEARING - RESOLUTION R-04-62 - Appointing a Colleyville Economic Development Corporation President and Vice President 3. READING AND PUBLIC HEARING - RESOLUTION R-04-63 - Adopting the Economic Development Capital Improvement Program (EDCIP) for 2005-2009 4. READING AND PUBLIC HEARING - RESOLUTION R-04-64 - Adopting the Fiscal Year 2005 Budget ACTION ITEMS: 5. DISCUSSION AND CONSIDERATION OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION INVESTMENT POLICY REPORTS: 6. ANNUAL ACTIVITY REPORT 7. ANNUAL INVESTMENT REPORT 100 MAIN STREETCOLLEYVILLE, TEXAS 76034 (817) 503-1000 CEDC AGENDA AUGUST 24, 2004 8. READING AND PUBLIC HEARING - RESOLUTION R-04-65 - Discussion and consideration of a Resolution ratifying Corporate Board action for the meeting of August 24, 2004 ADJOURNMENT: 9. ADJOURNMENT I certify that the above notice was posted on the Bulletin Board at City Hall on August 20, 2004, at 5:00 R. 40- Cynthia Singleton, TRMC City Secretary ~ - MINUTES OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS MEETING AUGUST 24, 2004 The meeting of the Colleyville Economic Development Corporation Board of Directors was called to order by President Mark Skinner on August 24, 2004, at 6:50 p.m. ROLL CALL: Directors Elaine Dolan, Jon Ayers, John Gray, Lee Skaalrud, and John Terhoeve were present. President Mark Skinner, General Manager Bill Lindley, Deputy City Manager Dianne McWethy, Finance Manager Terry Leake, Colleyville Center Manager Lin Przybyl, Parks and Recreation Director Monica Walsh and Secretary Cynthia Singleton were also present. ,- Director Rich Hendler was absent. CONSENT: 2. CONSIDERATION OF CONSENT RESOLUTION R-04-61 - CONSENT ITEMS: a. Approval of minutes of the Colleyville Economic Development Corporation Board of Directors meeting held September 9,2003 Director Skinner opened the public hearing and read Resolution R-04-61 in its entirety. There was no one present wishing to speak concerning this item and Director Skinner closed the public hearing. Director Ayers moved to approve Resolution R-04-61. Director Dolan seconded the motion. - Ayes: Nays: Abstain: Directors Dolan, Ayers, Terhoeve, Skaalrud and Skinner None Director Gray President Skinner declared the motion carried. CEDC MINUTES AUGUST 24, 2004 - PUBLIC HEARINGS: 3. READING AND PUBLIC HEARING - RESOLUTION R-04-62 - Appointing a Colleyville Economic Development Corporation President and Vice President Director Skinner opened the public hearing and read Resolution R-04-62 in its entirety. There was no one present wishing to speak concerning this item and Director Skinner closed the public hearing. General Manager Bill Lindley provided an overview of the process of appointing a President and Vice President. Director Skinner opened the floor for nominations for President. Director Dolan nominated Director Ayers for President. There were no other nominations and President Skinner declared Director Jon Ayers President of the Economic Development Corporation by acclamation. President Skinner opened the floor for nominations for Vice President. - Director Ayers nominated Director Dolan for Vice President. There were no other nominations and President Skinner declared Director Elaine Dolan Vice President of the Economic Development Corporation by acclamation. Director Ayers moved to approve Resolution R-04-62 appointing Director Ayers as President and Director Dolan as Vice President. Director Dolan seconded the motion. Ayes: Directors Dolan, Ayers, Gray, Terhoeve, Skaalrud and Skinner Nays: None President Skinner declared the motion carried. 4. READING AND PUBLIC HEARING - RESOLUTION R-04-63 - Adopting the Economic Development Capital Improvement Program (EDCIP) for 2005-2009 President Ayers opened the public hearing and read Resolution R-04-63 in its entirety. - There was no one present wishing to speak concerning this item and President Ayers closed the public hearing. 2 CEDC MINUTES AUGUST 24, 2004 - General Manager Bill Lindley provided an overview of the Economic Development Capital Improvement Program for 2005-2009. Deputy City Manager Dianne McWethy provided an overview of the funding programs. Finance Manager Terry Leake provided information related to the Economic Development Capital Improvement Program revenue for 2005-2009. Discussion ensued regarding the funding sources for the projects and permissible uses of CEDC funds. Finance Manager Terry Leake provided information related to the 1997 debt service. There was general consensus that projects related directly to economic development may be considered in the future. Discussion ensued regarding economic development opportunities and tourism. General Manager Bill Lindley provided an overview of the administration of the economic development sales tax. _ Director Skinner moved to approve Resolution R-04-63. Director Dolan seconded the motion. Director Dolan requested that a CEDC meeting be held in three to six months to review the allocation of funds. Ayes: Directors Dolan, Ayers, Gray, Terhoeve, Skaalrud and Skinner Nays: None President Ayers declared the motion carried. 5. READING AND PUBLIC HEARING - RESOLUTION R-04-64 - Adopting the Fiscal Year 2005 Budget President Ayers opened the public hearing and read Resolution R-04-64 in its entirety. There was no one present wishing to speak concerning this item and President Ayers closed the public hearing. Director Dolan moved to approve Resolution R-04-64. - Director Gray seconded the motion. 3 CEDC MINUTES AUGUST 24, 2004 ,- Ayes: Directors Dolan, Ayers, Gray, Terhoeve, Skaalrud and Skinner Nays: None President Ayers declared the motion carried. ACTION ITEMS: 6. DISCUSSION AND CONSIDERATION OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION INVESTMENT POLICY Finance Manager Terry Leake provided information related to the investing policy. REPORTS: 7. ANNUAL ACTIVITY REPORT Deputy City Manager Dianne McWethy provided clarification regarding local share match for future grant opportunities. 8. ANNUAL INVESTMENT REPORT - Finance Manager Terry Leake provided information regarding the investment funds. 9. READING AND PUBLIC HEARING - RESOLUTION R-04-65 - Discussion and consideration of a Resolution ratifying Corporate Board action for the meeting of August 24, 2004 This Resolution was not needed. ADJOURNMENT: 10. ADJOURNMENT There being no further business before the Board, Director Dolan moved to adjourn. Director Skaalrud seconded the motion. Ayes: Directors Dolan, Ayers, Gray, Terhoeve, Skaalrud and Skinner Nays: None President Ayers declared the meeting adjourned at 7:45 p.m. - 4 CEDC MINUTES AUGUST 24, 2004 -- APPROVED THIS /.sf DAY OF ~~~2004, BY A VOTE OF 5 AYES 0 NAYS AND 0 ABSTENTIONS. Minutes taken and prepared by: ~~~ Cynthia Singleton, TRMC City Secretary - -- 5