HomeMy WebLinkAbout2008-09-16 Regular Meeting AGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 16, 2008 AT 7:15 P.M.
CITY COUNCIL CONFERENCE ROOM
SECOND FLOOR
200 SOUTH MAIN STREET
CALL TO ORDER
, OATH OF OFFICE
1. City Secretary to administer the Oath of Office to reappointed Grapevine 4B
Economic Development Board of Directors Martin Honeycutt, Chris Reyher and Matt
Carnes.
2. Consider a resolution approving the Grapevine 4B Economic Development
Corporation FY2009 budget and take any necessary action.
3. Consideration of the October 16, 2007, March 18, June 23, August 5 and August
19, 2008 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 12th day of September, 2008 at 5:00 p.m.
� - -� .�: �-
_ � _ `�f-
�, _ -.�.
�
Linda uff - `'� � _
City Secretary :�Y-_ � . _=� _
�� - - i
lf�/�i `
STATE OF TEXAS
COUNTY OF TARRANT
CITY OF GRAPEVINE �
GRAPEVINE 4B ECONOMIC DEVELOPMENT CORPORATION
The Grapevine 4B Economic Developrnent Corporation of the City of Grapevine, Texas
met in Regular Session on this the 16th day of September, 2008 at 7:15 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
Doug Conner Assistant City Attorney
Linda Huff City Secretary
John McGrane Administrative Services Director
CALL TO ORDER
President Tate called the meeting to order at 7:18 p.m.
ITEM 1. OATH OF OFFICE
City Secretary Huff administered the Oath of Office to reappointed Grapevine 4B Economic
Development Board of.Directors Martin Honeycutt, Chris Reyher and Matt Carnes.
ITEM 2. RESOLUTION, APPROVE GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION FISCAL YEAR 2009 BUDGET
City Manager Bruno Rumbelow recommended approval of a resolution approving the
Grapevine 4B Economic Development Corporation FY2009 budget which includes a
proposed budget for FY2009 of$4,504,597.00 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°/a
administrative fee applied to balance of revenues after The T contract is deducted;
reserves for economic development and resenres for development and future construction
09/16/08
of Commuter Rail Station Facilities. Proposed expenditures are $8,767,871.00, with a
projected revenue surplus of $2,998,145.00, resulting in a $7,502,742.00 ending fund
balance.
The budget, after adoption by the Board, will be included in the City Council's annual
budget for FY2009.
Board Member Carnes, seconded by Board Member Honeycutt, offered a motion to
approve the resolution adopting the FY2009 budget. The motion prevailed by the following
vote:
Ayes: Tate, Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
RESOLUTION NO. 4B 2008-01
A RESOLUTION OF THE GRAPEVINE 4B ECONOMIC
DEVELOPMENT CORPORATION OF THE CITY OF
GRAPEVINE, TEXAS ADOPTING AND PROPOSING A
BUDGET FORTHE FISCALYEAR BEGINNING OCTOBER 1,
2008 AND ENDING SEPTEMBER 30,2009; PROVIDING FOR
INVESTMENT OF CERTAIN FUNDS AND PROVIDING AN
EFFECTIVE DATE
ITEM 3. CONSIDERATION OF MINUTES
City Secretary recommended approval of the minutes of the October 16, 2007, March 18,
June 23, August 5 and August 19, 2008 minutes of the Grapevine 4B Economic
Development Corporation meetings as published.
Board Member Reyher, 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 Wilbanks, seconded by Board Member Spencer, 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 BOARD OF THE CITY OF GRAPEVINE, TEXAS on this the 8th day of
2
09/16/08
September, 2009.
APPROVED:
_ :; : .
;:� _.-, - __ }�.;�.
_ '` '-_ - - .- ,�' -
William D. Tate = � _ `-� - -=t' =
4B President =-��' -� � �
= :�.T_ . -
ATTEST: � �
.
Lind Huff
City Secretary
� 3