HomeMy WebLinkAbout2013-09-10 Regular MeetingAGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 10, 2013 AT NOON
CITY COUNCIL CHAMBERS
SECOND FLOOR
200 SOUTH MAIN STREET
CALL TO ORDER
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Consider a resolution approving the Grapevine 4B Economic Development
Corporation Fiscal Year 2014 budget and take any necessary action.
2. Consider the First Addendum to the Economic Development and Incentive
Agreement with Eatzi's Market and Bakery, authorizing the City Manager to execute
the agreement and take any necessary action
3. Consider the minutes of the September 11, 2012 Grapevine 4B Economic
Development Corporation meeting 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 Texas Government Code, Chapter 551.001 et seq, Acts of the 1993
Texas Legislature, the Grapevine 4B Economic Development Corporation Agenda was
prepared and posted on this the 6th day of September, 2013 at 5:00 p.m.
J di,C. Brown
CiySecretary
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 10th day of September, 2013 at Noon in the City Council
Chambers, Second Floor, 200 South Main Street, with the following members present to -
wit:
William D. Tate
President
C. Shane Wilbanks
Vice President
Sharron Spencer
Board Member
Martin Honeycutt
Board Member
Matt Carnes
Board Member
Cory Halliburton
Board Member
constituting a quorum, with Board Member Darlene Freed absent, with the following
members of the City Staff:
Bruno Rumbelow
City Manager
Jennifer Hibbs
Assistant City Manager
Matthew Boyle
Assistant City Attorney
Jodi C. Brown
City Secretary
John McGrane
Administrative Services Director
President Tate called the meeting to order at 12:03 p.m.
ITEM 1. RESOLUTION ADOPT FISCAL YEAR 2014 BUDGET
Administrative Services Director John McGrane recommended approval of a resolution
adopting the Grapevine 4B Economic Development Corporation FY2014 budget which
includes proposed sales tax revenues of $12,637,500.00 and the following items:
professional services; contractual services with The T for commuter rail (75% of proceeds);
transfer to General Fund -7.5% administrative fee; transfer to Visitor Shuttle Fund;
reserves for economic development and reserves for development and future construction
of Commuter Rail Station Facilities. Proposed expenditures are $9,204,163.00.
The budget, after adoption by the Board, will be included in the City Council's annual
budget for FY2014.
Board Member Honeycutt, seconded by Board Member Halliburton, offered a motion to
approve the resolution adopting the FY2014 budget. The motion prevailed by the following
vote:
09110/13
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Carnes & Halliburton
Nays: None
Absent: Freed
A RESOLUTION OF THE GRAPEVINE 413 ECONOMIC
DEVELOPMENT CORPORATION OF THE CITY OF
GRAPEVINE, TEXAS, ADOPTING AND PROPOSING A
BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2013 AND ENDING SEPTEMBER 30,2014; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN
EFFECTIVE DATE
City Manager Bruno Rumbelow presented the First Addendum to the Economic
Development and Incentive Agreement with Eatzi's Market and Bakery and requested
authorization to execute the agreement. The 4B Board and City Council approved the
Economic Development and Incentive Agreement with Eatzi's Market and Bakery on
May 24, 2011. The negative impact of the Connector Project has been more significant
than originally anticipated; therefore, Eatzi's requested the agreement addendum. The City
Council is scheduled to consider the First Addendum during their September 10, 2013
meeting.
Board Member Honeycutt, seconded by Board Member Halliburton, offered a motion to
approve the First Addendum to the Economic Development and Incentive Agreement with
Eatzi's Market Bakery. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Carnes & Halliburton
Nays: None
Absent: Freed
ITEM 3. CONSIDERATION OF MINUTES
City Secretary recommended approval of the minutes of the September 11, 2012 minutes
of the Grapevine 413 Economic Development Corporation meeting as published.
Board Member Carnes, seconded by Board Member Honeycutt, offered a motion to
approve the minutes as recommended. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Carnes & Halliburton
Nays: None
Absent: Freed
F
09/10/13
Board Member Carnes, seconded by Board Member Honeycutt, offered a motion to
adjourn the meeting at 12:07 p.m. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Honeycutt, Carnes & Halliburton
Nays: None
Absent: Freed
PASSED AND APPROVED BY THE GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION OF THE CITY OF GRAPEVINE, TEXAS on this the 10th day of
September, 2014.
ATTEST:
J04i C/ Brown
Cityl,gecretary
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APPROVED: 'r'DE
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William D. Tate
President