HomeMy WebLinkAbout2009-09-08 Regular Meeting AGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 8, 2009 AT 5:00 P.M.
CITY COUNCIL CONFERENCE ROOM
SECOND FLOOR
200 SOUTH MAIN STREET
CALL TO ORDER
OATH OF OFFICE
1. Consider a resolution approving the Grapevine 4B Economic Development
Corporation FY2010 budget and take any necessary action.
3. Consideration of the September 16, 2008, February 17 and June 16, 2009 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 4th day of September, 2009 at 5:00 p.m.
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The Grapevine 46 Economic Development
Corporation Meeting for Tuesday, September 8,
2009 at 5:00 p.m. has been moved to the City
Council Chambers from the City Council
Conference Room.
This notice posted on September 8, 2009 at 4:30 p.m.
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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 8th day of September, 2009 at 5:00 p.m. in the City
Council Conference Room, 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
Darlene Freed Board Member
Chris Reyher Board Member
Martin Honeycutt Board Member
Matt Carnes Board Member
constituting a quorum, with the following members of the City Staff:
Bruno Rumbelow City Manager
Jennifer Hibbs Assistant City Manager
` H. T. Hardy Assistant City Manager
Mathew Boyle Assistant City Attorney
Linda Huff City Secretary
John McGrane Administrative Services Director
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CALL TO ORDER
President Tate called the meeting to order at 5:00 p.m.
ITEM 1. RESOLUTION, ADOPT FISCAL YEAR 2010 BUDGET
Administrative Services Director John McGrane recommended approval of a resolution
approving the Grapevine 4B Economic Development Corporation FY2010 budget which
includes a proposed budget for FY2010 of $4,013,954.00 including the following items:
professional services for work related to the commuter rail station planning project;
contractual services with The T for commuter rail (75% of proceeds); transfer to General
Fund — 7.5% administrative fee applied to balance of revenues after The T contract is
deducted; reserves for economic development and reserves for development and future
co.ns�r�sciion of Commuter Rail Station Facilities. Proposed expenditures are
;�`��;124;�57:�IJ, with a projected revenue surplus of $2,492,643.00, resulting in a
��ti$6,506,596:JG':ending fund balance.
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: '-�� The,-ai:�aget,:a;ter adoption by the Board, will be included in the City Council's annual
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09/08/09
Vice President Wilbanks, seconded by Board Member Carnes, offered a motion to approve
the resolution adopting the FY2010 budget. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
RESOLUTION NO. 4B 2009-01
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,
2009 AND ENDING SEPTEMBER 30, 2010; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN
EFFECTIVE DATE
ITEM 2. CONSIDERATION OF MINUTES
City Secretary recommended approval of the minutes of the September 16,2008, February
17 and June 16, 2009 minutes of the Grapevine 4B Economic Development Corporation
meetings as published.
Board Member Freed, seconded by Board Member Wilbanks, offered a motion to approve
the minutes as recommended. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
ADJOURNMENT
Board Member Honeycutt, seconded by Board Member Reyher, offered a motion to
adjourn the meeting at 7:30 p.m. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
PASSED AND APPROVED BY THE GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION OF THE CITY OF GRAPEVINE, TEXAS on this the 14th day of
September, 2010.
APPROVED: � '"""��--
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09/08/09
ATTEST:
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Lind Huff
City Secretary
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