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HomeMy WebLinkAbout2011-05-24 Joint Meeting (4B) AGENDA CITY OF GRAPEVINE, TEXAS SPECIAL JOINT CITY COUNCIL GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING TUESDAY, MAY 24, 2011 AT 12:05 P.M. CITY COUNCIL CONFERENCE ROOM SECOND FLOOR 200 SOUTH MAIN STREET CALL TO ORDER EXECUTIVE SESSION 1. City Council and Grapevine 4B Economic Development Corporation to conduct a closed session relative to: A. Conference with City Manager and Staff to discuss and deliberate commercial and financial information received from business prospects the City seeks to have locate or expand in the City; with which businesses the City is conducting economic development negotiations pursuant to Section 551.087, Texas Government Code. City Council and 4B Economic Development Corporation Board to reconvene in open session and take any necessary action relative to conference with employees under Section 551.087, Texas Government Code. 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 Special City Council Meeting Agenda was prepared and posted on this the 20th day of May, 2011 at 5:00 p.m. Aire A. Linda Huff City Secretary STATE OF TEXAS COUNTY OF TARRANT CITY OF GRAPEVINE The City Council and the Grapevine 4B Economic Development Corporation Board of the City of Grapevine, Texas met in Executive Session on this the 24th day of May, 2011 at 12:05 p.m. in the City Council Chambers, Second Floor, 200 South Main Street, with the following members present to-wit: William D. Tate Mayor/4B President C. Shane Wilbanks Mayor Pro Tem/4Bvice President Sharron Spencer Council Member/4B Board Member Mike Lease Council Member/4B Board Member Roy Stewart Council Member Chris Coy Council Member Martin Honeycutt Board Member Matt Carnes Board Member constituting a quorum, with Council Member/4B Board Member Darlene Freed and 4B Board Member Chris Reyher absent, with the following members of the City Staff: John McGrane Administrative Services Director Matthew Boyle Assistant City Attorney Linda Huff City Secretary CALL TO ORDER Mayor Tate called the joint meeting to order at 12:05 p.m. ITEM 1. EXECUTIVE SESSION Mayor Tate announced the City Council and Grapevine 4B Economic Development Corporation Board would conduct a closed session regarding: (A) conference with Staff to discuss and deliberate commercial and financial information received from business prospects the City seeks to have locate or expand in the City;with which businesses the City is conducting economic development negotiations pursuant to Section 551.087, Texas Government Code. Upon the City Council reconvening in open session in the Council Chambers, Mayor Tate asked if there was any action necessary relative to the closed session. Administrative Services Director John McGrane requested approval of an Economic Development Agreement with EBG, LLC dba Eatzi's Market and Bakery in an amount not to exceed $750,000.00 and authorize the City Manager to execute same and all associated documents pursuant to Section 551.087, Texas Government Code. 05/24/11 Council Member Spencer, seconded by Council Member Stewart, offered a motion to approve an Economic Development Agreement with EBG, LLC dba Eatzi's Market and Bakery in an amount not to exceed $750,000.00 and authorize the City Manager to execute same and all associated documents. The motion prevailed by the following vote: Ayes: Tate, Wilbanks, Spencer, Stewart, Lease & Coy Nays: None Absent: Freed Note: The 4B Board took action on the Executive Session and adjourned their meeting. ADJOURNMENT Mayor Pro Tern Wilbanks, seconded by Council Member Coy, offered a motion to adjourn the meeting at 12:13 p.m. The motion prevailed by the following vote: Ayes: Tate, Wilbanks, Spencer, Stewart, Lease & Coy Nays: None Absent: Freed PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 7th day of June, 2011. APPROVED: William D. Tate Mayor ATTEST: C4e-id;11a-i -71V* Linda Huff City Secretary 2