HomeMy WebLinkAbout2010-09-14 Regular Meeting AGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVINE 4B ECONOMIC DEVELOPMENI" CORPORATION MEETING
TUESDAY, SEPTEMBER 14, 2010 AT 6:30 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 Fiscal Year 2011 budget and take any necessary action.
2. Consideration of the September 8 and December 1, 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 10th day of September, 2010 at 5:00 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 14th day of September, 2010 at 6:30 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 Connor Assistant City Attorney
Linda Huff City Secretary
John McGrane Administrative Services Director
CALL TO ORDER
� President Tate called the meeting to order at 6:43 p.m.
ITEM 1. RESOLUTION, ADOPT FISCAL YEAR 2011 BUDGET
Administrative Services Director John McGrane recommended approval of a resolution
adopting the Grapevine 4B Economic Development Corporation FY2011 budget which
includes a proposed budget for FY2011 of$10,525,000.00 including the following items: �
professional services; contractual services with The T for commuter rail (75%of proceeds);
transfer to General Fund — 7.5% administrative fee; transfer to Visitor Shuttle Fund;
reserves for economic development and reserves for development and future construction
of ,G�or�rr,a�eter Rail Station Facilities. Proposed expenditures are $7,761,301.00, with a
;,.�p�=oj_a�t�d::re;v.�nue surplus of $2,763,699.00, resulting in a $12,970,741.00 ending fund
���alance. ` . �-
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= "-=The ��uciyet, �aft�r adoption by the Board, will be included in the City Council's annual
, �budget for FY�?.Q0.i 1.
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09/14/10
Board Member Freed, seconded by Vice President Wilbanks, offered a motion to approve
the resolution adopting the FY2011 budget. The motion prevailed by the following vote:
Ayes: Tate, Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
RESOLUTION NO. 4B 2010-01
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,
2010 AND ENDING SEPTEMBER 30, 2011; 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 8 and December
1, 2009 minutes of the Grapevine 4B Economic Development Corporation meetings as
published.
Board Member Reyher, seconded by Board Member Carnes, 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
Vice President Wilbanks, seconded by Board Member Freed, offered a motion to adjourn
the meeting at 6:45 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 13th day of
September, 2011.
APPR D:
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09/14/10
._ ATTEST:
Linda Huff
City Secretary
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