HomeMy WebLinkAbout2014-09-10 Regular MeetingAGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
WEDNESDAY, SEPTEMBER 10, 2014
GRAPEVINE CITY HALL, SECOND FLOOR
200 SOUTH MAIN STREET
GRAPEVINE, TEXAS 76051
11:30 a.m. Call to Order - City Council Chambers
CALL TO ORDER: 11:30 a.m. - City Council Chambers
CITIZEN COMMENTS
1. Any person who is not scheduled on the agenda may address the Board under
Citizen Comments by completing a Citizen Appearance Request form with the City
Secretary. In accordance with the Texas Open Meetings Act, the Board is restricted
in discussing or taking action during Citizen Comments.
NEW BUSINESS
2. Consider a resolution approving the Grapevine 4B Economic Development
Corporation Fiscal Year 2014-2015 Budget and take any necessary action.
3. Consider the minutes of the September 10, December 12, and December 17, 2013
and March 18, 2014 Grapevine 4B Economic Development Corporation meetings
and take any necessary action.
ADJOURNMENT
If you plan to attend this public meeting and you have a disability that requires special
arrangements at the meeting, please contact the City Secretary's Office at 817.410.3182 at
least 24 hours in advance of the meeting. Reasonable accommodations will be made to
assist your needs.
In accordance with the Open
I hereby certify that the above
Grapevine City Hall, 200 South
2014 by 5:00 p.m.
Jodi (VBrown, City Secretary
Meetings Law, Texas Government Code, Chapter 551,
agenda was posted on the official bulletin boards al
Main Street and on the City's website on September 5,
STATE OF
COUNTY TARRANT
CITY OF 'A'
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION
The Grapevine 413 Economic Development Corporation of the City of Grapevine, Texas
met in Special Session on this the 10th day of September, 2014 in the City Council
Chambers, Second Floor, 200 South Main Street, with the following members present to -
wit:
William D. Tate
C. Shane Wilbanks
Sharron Spencer
Martin Honeycutt
Cory Halliburton
Dave Simon
President
Vice President
Board Member
Board Member
Board Member
Board Member
constituting a quorum, with Board Member Darlene Freed absent, with the following
members of the City Staff:
Jennifer Hibbs
Matthew Boyle
Jodi C. Brown
John McGrane
City Manager
Assistant City Manager
Assistant City Attorney
City Secretary
Administrative Services Director
President Tate called the meeting to order at 11:34 a.m.
ITEM 1. CITIZEN COMMENTS
There were no Citizen Comments submitted.
ITEM 2. RESOLUTION, ADOPT FISCAL YEAR 2014 BUDGET
Administrative Services Director John McGrane recommended approval of a resolution
adopting the Grapevine 4B Economic Development Corporation FY2015 budget which
includes proposed sales tax and interest income revenues of $13,332,644. Expenditures
budgeted for are professional services; contractual services with The T for commuter rail
(75% of tax revenue); transfers to the Economic Development Fund, Visitor Shuttle Fund
and General Fund; reserves for economic development and reserves for development and
future construction of Commuter Rail Station Facilities. Proposed expenditures are
$13,296,999.
09/10/14
The budget, after adoption by the Board, will be included in the City Council's annual
budget for FY2015.
Board Member Halliburton, seconded by Board Member Honeycutt, offered a motion to
approve the resolution adopting the FY2015 budget. The motion prevailed by the following
vote:
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Halliburton & Simon
Nays: None
Absent: Freed
RESOLUTION NO. 413 2014-01
A RESOLUTION OF THE GRAPEVINE 4B ECONOMIC
DEVELOPMENT CORPORATION OF THE CITY OF
GRAPEVINE, TEXAS, ADOPTING AND PROPOSING A
BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2014 AND ENDING SEPTEMBER 30,2015; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN
EFFECTIVE DATE
ITEM 3. CONSIDERATION OF MINUTES
City Secretary recommended approval of the minutes of the September 10, December 12,
and December 17, 2013, and March 18, 2014 minutes of the Grapevine 4B Economic
Development Corporation meeting as published.
Board Member Honeycutt, seconded by Board Member Wilbanks, offered a motion to
approve the minutes as recommended. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Halliburton & Simon
Nays: None
Absent: Freed
ADJOURNMENT
Board Member Halliburton, seconded by Board Member Spencer, offered a motion to
adjourn the meeting at 11:37 a.m. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Halliburton & Simon
Nays: None
Absent: Freed
PASSED AND APPROVED BY THE GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION OF THE CITY OF GRAPEVINE, TEXAS on this the 15th day of
September, 2015.
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ATTEST:
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Tara Brooks
City Secretary
3
William D. Tate
President
09/10/14