HomeMy WebLinkAbout2011-09-13 Regular Meeting AGENDA
CITY OF GRAPEVINE, TEXAS
GRAPEVIIVE 4B ECONOMIC DEVELOPMENT CORPORATION MEETING
: TUESDAY, SEPTEMBER 13, 2011 AT 6:00 P.M.
' CITY COUNCIL CHAMBERS
. SECOND FLOOR
200 SOUTH MAIN STREET
CALL TO ORDER
NEW BUSINESS
1. Consider �a resolution approving the Grapevine 4B Economic Development
Corporation Fiscal Year 2012 budget and take any necessary action.
2. Consideration of the September 14, 2010, May 3, 17 and 24, 2011 minutes of the
Grapevine:,4B Economic Development Corporation and take any necessary action.
ADJOURNMENI'.
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 9th day of September, 2011 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 13th day of September; 2011 at 6:00 p.m. in the City
Council Chambers, 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
Matt Carnes Board Member
constituting a quorum, with President William D. Tate absent, with the following members
of the City Staff:
Bruno Rumbelow City Manager
Jennifer Hibbs Assistant City Manager
Doug Connor Assistant City Attorney
Linda Huff City Secretary
John McGrane Administrative Services Director
CALL TO ORDER
Vice President Wilbanks called the meeting to order at 6:00 p.m.
ITEM 1. RESOLUTION, ADOPT FISCAL YEAR 2012 BUDGET
Administrative Services Director John McGrane recommended approval of a resolution
adopting the Grapevine 4B Economic Development Corporation FY2012 budget which
includes a proposed budget for FY2012 of.$11,400,000.00 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 Commuter Rail Station Facilities. Proposed expenditures are $7,944,146.00.
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���'`'Tr��-.k�G��et, after adoption by the Board, will be included in the City Council's annual
�.-;�.'butlget�for,�F'�2012.
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- :-�� Bc;G�•d "Jlerri`'�r. Honeycutt, seconded by Board Member Carnes, offered a motion to
= "'�-. ar,pr�ye tf�e esolution adopting the FY2012 budget. The motion prevailed by the following
� - �.vote: . .�
09/13/11
Ayes: Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None ,
Absent: Tate
RESOLUTION NO. 4B 2011-01
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,
2011 AND ENDING SEPTEMBER 30, 2012; 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 14, 2010, May 3,
17 and 24, 2011 minutes of the Grapevine 4B Economic Development Corporation
meetings as published.
Board Member Honeycutt, seconded by Board Member Reyher, offered a motion to
approve the minutes as recommended. The motion prevailed by.the following vote:
Ayes: Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
Absent: Tate
ADJOURNMENT
Board Member Freed, seconded by Board Member Carnes, offered a motion to adjourn the
meeting at 6:05 p.m. The motion prevailed by the following vote:
Ayes: Wilbanks, Spencer, Freed, Reyher, Honeycutt & Carnes
Nays: None
Absent: Tate
PASSED AND APPROVED BY THE GRAPEVINE 4B ECONOMIC DEVELOPMENT
CORPORATION OF THE CITY OF GRAPEVINE, TEXAS on this the 11th day of
September, 2012.
APPROVED: � -•= ��'"F<
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William D. Tate = - / . � _
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09/13/11
ATTEST:
Jo ' . Brown
City Secretary
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