HomeMy WebLinkAbout2018-04-17 Regular Meeting * CITY OF GRAPEVINE, TEXAS
G-RAPEVENE, 4B ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING
TUESDAY, APRIL 17, 2018
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ON GRAPEVINE CITY HALL, SECOND FLOOR
'4►` 200 SOUTH MAIN STREET
GRAPEVINE, TEXAS
CALL TO ORDER: 7:20 p.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 Resolution No. 4113 2018-01 authorizing the issuance and sale of
Grapevine 4B Economic Development Corporation Sales Tax Revenue Refunding
Bonds, Taxable Series 2018 and take any necessary action.
3. Consider the minutes of the September 13, 2017 Grapevine 4B Economic
Development Corporation Board meeting and take any necessary action.
ADJOURNMENT
In accordance with the Open Meetings Law, Texas Government Code, Chapter 551,
I 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 April 13, 2018 by
5:00 p.m.
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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
The Grapevine 4B Economic Development Corporation of the City of Grapevine, Texas met
in Special Session on this the 17th day of April, 2018 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
Kirby Kercheval Board Member
constituting a quorum, with the following members of the City Staff:
Bruno Rumbelow City Manager
Jennifer Hibbs Assistant City Manager
Tara Brooks Board Secretary
Greg Jordan Board Treasurer
CALL TO ORDER
President Tate called the meeting to order at 7:30 p.m.
Item 1. Citizen Comments
No one spoke during the Citizen Comments.
Item 2. Consider Resolution No. 413 2018-001 authorizing the issuance and sale of
Grapevine 4B Economic Development Corporation Sales Tax Revenue Refunding Bonds,
Taxable Series 2018 and take any necessary action.
Chief Financial Officer Greg Jordan presented this item and answered questions from the
Board. This action will refund the 2014 Certificates of Obligation that were used to
purchase property. The refund is expected to save the City approximately $3,100,000.
Motion was made to approve Resolution No. 4B 2018-001 authorizing the issuance and
sale of Grapevine 4B Economic Development Corporation Sales Tax Revenue Refunding
Bonds, Taxable Series 2018.
Motion: Freed
Second: Kercheval
Ayes: Tate, Freed, Spencer, Coy, Halliburton, Carnes, and Kercheval
Nays: None
Approved: 7-0
RESOLUTION NO. 4132018-001
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
GRAPEVINE 413 ECONOMIC DEVELOPMENT
CORPORATION,AUTHORIZING THE ISSUANCE AND SALE
OF GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION SALES TAX REVENUE REFUNDING
BONDS, TAXABLE SERIES 2018, IN THE AGGREGATE
PRINCIPAL AMOUNT OF $16,930,000; PRESCRIBING THE
FORM OF SAID BONDS; AWARDING THE SALE OF THE
BONDS; PROVIDING FOR THE SECURITY FOR AND
PAYMENT OF SAID BONDS; AUTHORIZING THE
EXECUTION AND DELIVERY OF A PAYING
AGENT/REGISTRAR AGREEMENT AND DEPOSIT
AGREEMENT; APPROVING THE OFFICIAL STATEMENT;
AND CONTAINING OTHER PROVISIONS RELATING TO
THE SUBJECT
Item 3. Consider the minutes of the September 13, 2017 Grapevine 4B Economic
Development Corporation Board meeting and take any necessary action.
Motion was made to approve the minutes as provided.
Motion: Coy
Second: Halliburton
Ayes: Tate, Freed, Spencer, Coy, Halliburton, Carnes, and Kercheval
Nays: None
Approved: 7-0
ADJOURNMENT
Motion was made to adjourn the meeting at 7:37 p.m.
Motion: Carnes
Second: Halliburton
Ayes: Tate, Freed, Spencer, Coy, Halliburton, Carnes, and Kercheval
Nays: None
Approved: 7-0
Passed and approved by the Grapevine 413 Economic Development Corporation of the City
of Grapevine, Texas on this the 18th day of September, 2018.
4B Board April 17, 2018 Page 2
APPROVED:
William D. Tate
President
ATTEST:
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Tara Brooks
City Secretary
4B Board April 17, 2018 Page 3