HomeMy WebLinkAboutCity Council-Minutes-7/22/2010City of Colleyville 100 Main Street
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~ ; ~~~ ~t~~ Colleyville, Texas 76034
`~~~ ~~~~ Agenda 817. 503.1000
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City Council Worksession
Thursday, July 22, 2010 6:00 PM Executive Conference Room, 3rd Floor
1. CALL TO ORDER
2. PRESENTATION AND DISCUSSION
2a Discussion of potential refunding of General Obligation, Certificates of
Obligation and Tax Increment Financing debt issues
2b Discussion of potential refunding of callable Water and Sewer Revenue
Bonds
2c Discussion of City of Colleyville's guidelines and criteria for economic
development incentives
3. ADJOURNMENT:
I hereby certify the above agenda was posted on the bulletin boards at City Hall on Monday,
July 19, 2010, by 2:00 p.m
Cynthia Singleton, TRMC, CMC
City Secretary
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
817.503.1133, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1 Printed on 7/19/2010
City of Colleyville 100 Main Street
~ Colleyville. Texas 76034
Minutes -Draft 817.503.1000
"'"" www.colleyville.com
City Council Worksession
Thursday, July 22, 2010 6:00 PM Executive Conference Room, 3rd Floor
The City Council Worksession of July 22, 2010, was called to order by
Mayor David Kelly at 6:15 p.m.
ROLL CALL: Councilmembers Carol Wollin, Michael Muhm, Stan
Hall, Tom Hart and Mike Taylor were present. Mayor David Kelly,
City Manager Jennifer Fadden, Assistant City Manager and Chief
Financial Officer Terry Leake, Economic Development Director
Marty Wieder, Marketing Coordinator Ashley Stathatos, Community
Development Director Ron Ruthven, Communications and
Marketing Director Mona Gandy, Information Systems Manager
Chris Pena and City Secretary Cynthia Singleton were also present.
Mayor Pro Tem Jon Ayers was absent.
2. PRESENTATION AND DISCUSSION
2a Discussion of potential refunding of General Obligation, Certificates of
Obligation and Tax Increment Financing debt issues
Assistant City Manager and Chief Financial Officer Terry Leake
introduced Mr. Jim Sabonis of First Southwest Company.
Mr. Sabonis presented information regarding potential refunding of
General Obligation, Certificates of Obligation and Tax Increment
Financing debt issues, outlined the proposed schedule of events and
answered questions of the City Council.
City Council determined to proceed with the refunding process.
2b Discussion of potential refunding of callable Water and Sewer Revenue
Bonds
Mr. Jim Sabonis, First Southwest Company, presented potential
refunding of callable Water and Sewer Revenue Bonds and answered
questions of the City Council.
City Council determined to proceed with the refunding process.
City of Colleyville Page 1 Printed on 8/4/2010
City Council Worksession Minutes -Draft July 22, 2010
2c
3.
Discussion of City of Colleyville's guidelines and criteria for economic
development incentives
Economic Development Director Marty Wieder reviewed the City's
Economic Development Incentives Plan and answered questions of the
City Council.
Discussion ensued regarding the structure of incentive plans,
parameters of Type A and Type B sales tax use and the success and
benefits of incentives.
Councilmember Michael Muhm requested information regarding the
City's application fee and incentives offered by other cities.
Discussion continued regarding potential incentives for demolition of
property for redevelopment, leads received from Catalyst Commercial
and the benefit of providing development process information on the
web site for potential commercial enterprises.
It was determined that a proposed incentive plan will be presented to
City Council in December 2010.
Marketing Coordinator Ashley Stathatos provided information regarding
the Branding Program.
Economic Development Director Marty Wieder provided information
regarding the "Keep It Colleyville" program.
ADJOURNMENT:
There being no further business before the City Council, Mayor Kelly
adjourned the meeting at 8:03 p.m.
APPROVED BY A VOTE OF AYES,
ABSTENTIONS ON THIS THE ~-~ DAY OF
Minutes to en and d by:
~~~ ~J
Cynthia ingleton, TRMC, CMC
City Secretary
D NAYS AND O
2010.
City of Colleyville Page 2 Printed on 8/4/2010