HomeMy WebLinkAbout2015-09-15 BudgetAGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 15,2015
GRAPEVINE CITY HALL, SECOND FLOOR
200 SOUTH MAIN STREET
GRAPEVINE, TEXAS 76051
LLT ORDER: 7:20 p.m. - City Council Chambers
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 2015-2016 Budget and take any necessary action.
3. Consider the minutes of the September 10, 2014 Grapevine 4B Economic
Development Corporation meetings and take any necessary action.
In accordance with the Open Meetings Law, Texas Government Code, Chapter 551,
1 hereby certify that the above agenda was posted on the official bulletin boards at
Grapevine City Hall, 200 South Main Street and on the City's website on September 11,
2015 by 5:00 p.m.
Tara Brooks, City Secretary
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.
STATE OF TEXAS
COUNTY OF TARRANT
CITY OF GRAPEVINE
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION
The Grapevine 4B Economic Development Corporation of the City of Grapevine, Texas
met in Special Session on this the 15th day of September, 2015 in the City Council
Chambers, Second Floor, 200 South Main Street, with the following members present to -
wit:
William D. Tate
Sharron Spencer
Darlene Freed
Martin Honeycutt
Cory Halliburton
Dave Simon
President
Board Member
Board Member
Board Member
Board Member
Board Member
constituting a quorum, with the following members of the City Staff:
Bruno Rumbelow
City Manager
Jennifer Hibbs
Assistant City Manager
John F. Boyle, Jr.
City Attorney
Tara Brooks
City Secretary
Greg Jordan
Chief Financial Officer
CALL TO ORDER
President Tate called the meeting to order at 7:38 p.m.
Item 1. Citizen Comments
There were no Citizen Comments submitted.
Item 2. Consider a resolution approving the Grapevine 4B Economic Development
Corporation Fiscal Year 2015-2016 Budget and take any necessary action.
Chief Financial Officer Greg Jordan stated the projected budget for Fiscal Year 2015-2016
is $20,721,398 which includes $6,465,398 in the reserve fund balance to be used for the
commuter rail train station construction projected to start in 2016.
Motion was made to approve the resolution approving the Fiscal Year 2015-2016 Budget.
Motion: Honeycutt
Second: Halliburton
Ayes: Tate, Spencer, Freed, Honeycutt, Halliburton, and Simon
Nays: None
Approved: 6-0
September 15, 2015
RESOLUTION NO. 413-2015-01
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,
2015 AND ENDING SEPTEMBER 30,2016; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN
EFFECTIVE DATE
Item 3. Consider the minutes of the September 10, 2014 Grapevine 4B Economic
Development Corporation meeting and take any necessary action.
City Secretary Tara Brooks recommended approval of the minutes from the September 10,
2014 meeting.
Motion was made to approve the minutes as presented.
Motion: Halliburton
Second: Honeycutt
Ayes: Tate, Spencer, Freed, Honeycutt, Halliburton, and Simon
Nays: None
Approved: 6-0
ADJOURNMENT
Motion was made to adjourn the meeting at 7:42 p.m.
Motion: Freed
Second: Honeycutt
Ayes: Tate, Spencer, Freed, Honeycutt, Halliburton, and Simon
Nays: None
Approved: 6-0
Passed and approved by the Grapevine 4B Economic Development Corporation of the City
of Grapevine, Texas on this the 6th day of September, 2016.
ATTEST:
Tara Brooks
City Secretary
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APPROVED:
William D. Tate
President