HomeMy WebLinkAbout2007-09-04 Regular Meeting AGENDA �
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 4, 2007 AT 5:45 P.M.
PLANNING & ZONING CONFERENCE ROOM
SECOND FLOOR
200 SOUTH MAIN STREET
CALL TO ORDER
NEW BUSINESS
1. Consider a resolution approving the Grapevine 4B Economic Development
Corporation FY2008 budget and take any necessary action
2. Consider approval of the July 3, 2007 minutes of the Grapevine 4B Economic
Development Corporation 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 31 st day of August, 2007 at 5:00 p.m. -
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Linda Huff = � - =
City Secretary -_ '� _ ; �
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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 4th day of September, 2007 at 5:45 p.m. in the Planning &
Zoning Conference Room, Second Floor, 200 South Main Street, with the following
members present to-wit:
C. Shane Wilbanks Vice President
Sharron Spencer Board Member
Darlene Freed Board Member
Chris Reyher Board Member
Martin Honeycutt Board Member
constituting a quorum, with President William D. Tate and Board Member Matt Carnes
absent, with the following members of the City Staff:
Bruno Rumbelow City Manager
H. T. Hardy Assistant City Manager
John F. Boyle, Jr. City Attorney
Linda Huff City Secretary
CALL TO ORDER
Vice President Wilbanks called the meeting to order at 5:45 p.m.
ITEM 1. RESOLUTION, APPROVING FY07 AND FY08 GRAPEVINE 4B ECONOMIC
DEVELOPMENT CORPORATION BUDGETS
City Manager Bruno Rumbelow stated that a budget proposal has been prepared for the
Board's consideration. The Corporation has adopted the same fiscal year as the City and
is required to adopt a budget for the new fiscal year prior to October 1, 2007. The budget
includes an estimated budget for FY07 and a proposed budget for FY08. The budget
proposal includes: Professional Services expenses for City Attorney work related to the
4B Corporation; Huitt-Zollars engineering work related to the commuter rail station planning
project; Contractual Services with The T for commuter rail (75% of proceeds); Special
Revenue Agreement — Henry Schein Funds for Economic Development; and transfer to
General Fund — 7.5% administrative fee applied to balance of revenues after The T
cc?ntrac�•i�.deducted. Mr. Rumbelow recommended approval of the resolution adopting the
,.�re�%iG��ct^�`i'Q��?nd proposed FY08 budgets that will be included in the City Council's annual
:;�.utlget for�F�YO�.
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l �;:��Boar��P�;emb�r•F7eed, seconded by Board Member Reyher, offered a motion to adopt the
; -'-.r.esaluticn a��r�ving the FY07 and FY08 Grapevine 4B Economic Development
�:; -:Cc�poration 3�:�gets. The motion prevailed by the following vote:
09/04/07
Ayes: Wilbanks, Spencer, Freed, Reyher & Honeycutt
Nays: None _
Absent: Tate & Carnes
RESOLUTION NO. 4B 2007-04
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,
2007 AND ENDING SEPTEMBER 30, 2008; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN �
EFFECTIVE DATE
ITEM 2. CONSIDERATION OF MINUTES
Secretary Huff recommended approval of the July 3, 2007 minutes of the Grapevine 4B
Economic Development Corporation meeting as published.
Board Member Reyher, seconded by Board Member Honeycutt, offered a motion to
approve the minutes as recommended. The motion prevailed by the following vote:
Ayes: Wilbanks, Spencer, Freed, Reyher & Honeycutt
Nays: None
Absent: Tate & Carnes
ADJOURNMENT
Board Member Spencer, seconded by Board Member Freed, offered a motion to adjourn
the meeting at 5:52 p.m. The motion prevailed by the following vote:
Ayes: Wilbanks, Spencer, Freed, Reyher & Honeycutt
� Nays: None
Absent: Tate & Carnes
PASSED AND APPROVED BY THE GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION OF THE CITY OF GRAPEVINE, TEXAS on this the 16th day of October,
2007.
APPROVED:
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William D. Tate = -- . '-- - -
President - �- � � --
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09/04/07
ATTEST:
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Lin a Huff
City Secretary
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