HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-12/1/2004
citY Of
Texas
PUBLIC NOTICE
ON WEDNESDAY, DECEMBER 1, 2004, AT 7:00 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:
1. CALL TO ORDER
CONSENT:
2. CONSIDERATION OF CONSENT RESOLUTION R-04-66 - CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held August 24, 2004
3. READING AND PUBLIC HEARING - RESOLUTION R-04-67 - A Resolution
approving authorized depository account signatures
4. DISCUSSION OF PERMISSABLE USES OF THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION FUNDS
5. READING AND PUBLIC HEARING - RESOLUTION R-04-68 - Discussion and
consideration of a Resolution ratifying Corporate Board action for the meeting of
December 1 , 2004
ADJOURNMENT:
6. ADJOURNMENT
I certify that the above notice was posted on the Bulletin Board at City Hall on
November 19, 2004, at 5:00 .m.
~~ .~
Cynthia Singleton, TRMC
City Secretary
100 MAIN STREETCOLLEYVILLE, TEXAS 76034 (817) 503-1000
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MINUTES OF THE
COLLEYVILLE ECONOMIC DEVELOPMENT
CORPORATION BOARD OF DIRECTORS MEETING
DECEMBER 1, 2004
The meeting of the Colleyville Economic Development Corporation Board of Directors
was called to order by President John Ayers on December 1,2004, at 7:05 p.m.
ROLL CALL:
Directors Elaine Dolan, John Gray, Rich Hendler and John
Terhoeve were present. President Jon Ayers, General Manager
Bill Lindley, Finance Manager Terry Leake, Economic Development
Manager Scott Welmaker, City Attorney Ross Foster and Secretary
Cynthia Singleton were also present.
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Directors Mark Skinner and Lee Skaalrud were absent.
CONSENT:
2. CONSIDERATION OF CONSENT RESOLUTION R-04-66 - CONSENT ITEMS:
a. Approval of minutes of the Colleyville Economic Development Corporation
Board of Directors meeting held August 24, 2004
President Ayers opened the public hearing and read Resolution R-04-66 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-04-66.
Director Gray seconded the motion.
Ayes: Directors Dolan, Terhoeve, Gray, Hendler and Ayers
Nays: None
President Ayers declared the motion carried.
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CEDC MINUTES
DECEMBER 1, 2004
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3. READING AND PUBLIC HEARING - RESOLUTION R-04-67 - A Resolution
approving authorized depository account signatures
President Ayers opened the public hearing and read Resolution R-04-67 in its entirety.
There was no one present wishing to speak concerning this item and President Ayers
closed the public hearing.
Director Hendler moved to approve Resolution R-04-67.
Director Dolan seconded the motion.
Ayes: Directors Dolan, Terhoeve, Gray, Hendler and Ayers
Nays: None
President Ayers declared the motion carried.
4. DISCUSSION OF PERMISSABLE USES OF THE COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION FUNDS
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City Manager Bill Lindley stated that City Attorney Ross Foster issued a legal opinion
regarding permissible uses of the Colleyville Economic Development Corporation
(CEDC) funds and provided information related to the process for reallocation of CEDC
funds.
There was general discussion regarding the permissible uses of CEDC funds.
Economic Development Manager Scott Welmaker provided information regarding
potential uses of CEDC funds and was present to answer questions of the Council.
Discussion continued related to sales tax revenue and the process for identifying
projects eligible for CEDC funding.
The Board requested that a meeting be scheduled in the first quarter of 2005.
The Board requested that the Economic Development Manager provide a list of
proposed projects and an estimate of project costs.
5. READING AND PUBLIC HEARING - RESOLUTION R-04-68 - Discussion and
consideration of a Resolution ratifying Corporate Board action for the meeting of
December 1 , 2004
This Resolution was not needed.
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CEDC MINUTES
DECEMBER 1, 2004
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ADJOURNMENT:
6. ADJOURNMENT
There being no further business before the Board, Director Dolan moved to adjourn.
Director Hendler seconded the motion.
Ayes: Directors Dolan, Terhoeve, Gray, Hendler and Ayers
Nays: None
President Ayers declared the meeting adjourned at 7:42 p.m.
APPROVED THIS
5' AYES
~,R~ DAY OF
o NAYS AND
~ 2005, BY A VOTE OF
D ABSTENTIONS.
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Minutes taken and pre
cn.~
Cynthia Singleton, TRMC
Secretary
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