HomeMy WebLinkAbout2017-09-13 Regular MeetingCITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION
BOARD MEETING
WEDNESDAY, SEPTEMBER 13, 2017
GRAPEVINE CITY HALL, SECOND FLOOR
200 SOUTH MAIN STREET
GRAPEVINE, TEXAS
CALL TO ORDER: 11:45 a.m. - City Council Chambers
CITIZEN COMMENTS
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 Resolution No. 413 2017-001 approving the Grapevine 4B Economic
Development Corporation Fiscal Year 2016-2017 Budget and take any necessary
action.
3. Consider the Economic Development and Incentive Agreement forthe relocation of
The Trade Group's principal headquarters from Carrollton to Grapevine and take
any necessary action.
4. Consider the minutes of the September 6, 2016 Grapevine 4B Economic
Development Corporation Board meeting and take any necessary action.
ADJOURNMENT
In accordance with
I hereby certify that
Grapevine City Hall,
2017 by 5:00 p.m.
Tara Brooks
City Secretary
the Open Meetings Law, Texas Government Code, Chapter 551,
the above agenda was posted on the official bulletin boards at
200 So Street and on the City's website on September 8
. `y�2
460,f .�
=/ is
ui 1 � �
I 'v
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
The Grapevine 4B Economic Development Corporation of the City of Grapevine, Texas
met in Special Session on this the 13th day of September, 2017 in the City Council
Chambers, Second Floor, 200 South Main Street, with the following members present:
William D. Tate
President
Darlene Freed
Board Member
Sharron Spencer
Board Member
Chris Coy
Board Member
Cory Halliburton
Board Member
Matt Carnes
Board Member
constituting a quorum, with Board Member Kirby Kercheval absent, with the following
members of the City Staff:
Bruno Rumbelow
Jennifer Hibbs
Matthew C.G. Boyle
Tara Brooks
Greg Jordan
CALL TO ORDER
City Manager
Assistant City Manager
Assistant City Attorney
City Secretary
Chief Financial Officer
President Tate called the meeting to order at 11:45 a.m.
Item 1. Citizen Comments
No one spoke during the Citizen Comments.
Item 2. Consider Resolution No. 4B 2017-001 approving the Grapevine 4B Economic
Development Corporation Fiscal Year 2016-2017 Budget and take any necessary action.
Chief Financial Officer Greg Jordan presented this item.
The agenda wording is incorrect. The correct wording should be "Consider Resolution
No. 4B 2017-001 approving the Grapevine 4B Economic Development Corporation Fiscal
Year 2017-2018 Budget and take any necessary action."
Motion was made to approve Resolution No. 4132017-001 approving the Fiscal Year 2017-
2018 Budget.
Motion: Spencer
Second: Coy
Ayes: Tate, Freed, Spencer, Coy, Halliburton, and Carnes
Nays: None
Approved: 6-0
RESOLUTION NO. 4B 2017-001
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,
2017 AND ENDING SEPTEMBER 30,2018; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN
EFFECTIVE DATE
Item 3. Consider the Economic Development and Incentive Agreement for the relocation
of The Trade Group's principal headquarters from Carrollton to Grapevine and take an
necessary action.
Mayor Tate declared the public hearing open.
Chief Financial Officer Jordan presented this item.
Board Member Halliburton requested a correction to Section 7, reference should be to
Section 9G instead of Section 8 and requested the 4B Corporation be added to the
indemnification.
Assistant City Attorney Matthew Boyle and City Manager Bruno Rumbelow answered
questions from the Board.
No one spoke during the public hearing and there was no correspondence to report.
Motion was made to close the public hearing.
Motion:
Freed
Second:
Coy
Ayes:
Tate, Freed, Spencer, Coy, Halliburton, and Carnes
Nays:
None
Approved:
6-0
Motion was made to approve the Economic Development and Incentive Agreement for The
Trade Group.
Motion: Coy
Second: Carnes
Ayes: Tate, Freed, Coy, Halliburton, and Carnes
Nays: None
Abstains: Spencer
Approved: 5-0-1
4B Board September 13, 2017 Page 2
Item 4. Consider the minutes of the September 6, 2016 Grapevine 4B Economic
Development Corporation Board meeting and take any necessary action.
Motion was made to approve the minutes
Motion:
Coy
Second:
Halliburton
Ayes:
Tate, Freed, Spencer, Coy,
Nays:
None
Approved:
6-0
ADJOURNMENT
Halliburton, and Carnes
Motion was made to adjourn the meeting at 11:50 a.m.
Motion:
Halliburton
Second:
Carnes
Ayes:
Tate, Freed, Spencer, Coy, Halliburton, and Carnes
Nays:
None
Approved:
6-0
Passed and approved by the Grapevine 4B Economic Development Corporation of the City
of Grapevine, Texas on this the 17th day of April, 2018.
APPROVED:
William D. Tate
President
ATTEST:
��G DEVF�
p
A
r
`Oap
LhmCJ
Fy
k,
IT
o
Tara Brooks i
.0
y
City Secretary`�
�
♦ �ti
4B Board September 13, 2017 Page 3