HomeMy WebLinkAbout06/21/2001
MINUTES
THE COLONY COMMUNITY DEVELOPMENT CORPORATION
JOINT SESSION
JUNE 21ST, 2001
Present: Vicki Briggs - President
Richard Boyer - Vice President
Sue Walden - Treasurer
Susan King - Member / Park Board Member
Bunker Hill - Member
John Sanders - Member / Park Board Member
Absent: Larry Henderson - Park Board Member
Rich Lewis - Park Board Member
Jim Briggs - Park Board Member
Staff: Pam Nelson
Sam Fitzgerald
Kathy Neal
1. STAFF REPORTS -
Sam and Pam have been working with Alice on the financial statements. The statements have changed to
allow for the addition of more projects in the future and to make them more user friendly. The front page
will be the operational account and be titled Operating Fund. The next pages, or detail pages, will be an
explanation for the first page. The next page will be the CDC Project Surmnary and it will show all the
projects we are doing and have done. After a project is approved by City Council, it will be added to the I
Following this page there will be detail sheets explaining what was spent on the projects. Every project w
have its own account number. The last page is a summary of everything, including the bottom line. This
based on the city fiscal year, Oct. 1 - Sept. 30.
REPORT FROM 4A BOARD EX-OFFICIO -
Sue did not attend the last 4A board meeting. She did report that the golf tournament was a success.
DESIGN COMMITTEE REPORT -
The committee toured facilities in North Richland Hills, Hurst, Euless and Flower Mound. A report and
pictures of the tour will be presented at the July board meeting.
2. APPROVAL OF MINUTES OF MAY 24TH, 2001.
John made a motion to approve the minutes of May 24t", 2001. Sue seconded the motion. The motion
carried.
3. REVIEW AND CONSIDERATION OF REQUEST FROM TONY JOHNSTON, ASST. CITY
MANAGER, FOR REIMBURSEMENT TO HOME DEPOT FOR CONSTRUCTION OF 2 LANE
OF MEMORIAL DR.
John made a motion to table this item. Sue seconded the motion. The motion carried.
4. CONSIDERATION OF APPROVAL OF 2001-2002 BUDGET -
The board was given copies of activity enhancement sheets of the budget. The amount for Memorial Dr.
the drainage improvements were included. These 2 items may be paid out in a 3-year period, $75,000 eac
year.
The board was not charged for the audit, it was included with the city's audit. That may change next year
Pam said the bond payments also need to be included in the budget. This is a monthly item so she would
like to see it under operational and see it as a transfer out so each month you will be able to see how mucl
has been transferred out for the bond payments. This will be discussed with finance to find out the proper
procedure. Richard made a motion to approve the budget with the addition of the accounting of the bond
payment. Bunker seconded the motion. The motion carried.
5. UPDATE FROM DIRECTOR / ASST. DIRECTOR -
BASKETBALL COURT - The basketball court is located to the south and to the west of the Recreation
Center building. It needs to be striped and the goals need to be put in. It should be ready by July V. It iE
legal size court, 90 ft. x 56 ft.
WATER FEATURE COMMUNITY COMPLEX - Pam said this is more complicated than first
anticipated. After several meetings, it has been determined it would be to our advantage to wait on the
development of this so that some of the engineering problems can be resolved.
FRIENDSHIP PARK - The woodchips were put in today with a blower. It took one man 6 hours to
complete the task compared to 3 days by hand. Buck has also installed a new drainage system. We have
come in under budget for this project.
LIGHTING KIDS COLONY AND BAMP - The contracts for the engineering were signed on Monda}
We are using Jim Weathers Consulting who did the lighting design for the youth football fields. We do t
the blueprints showing the location where the lights will be placed and the kind of lighting we will use.
JULY 4TH FESTIVITIES - The day begins with the 5K run at Stewart Creek Park at 8:00 a.m., the par,
is at 10:00 a.m., the community barbecue will be at Perryman Park from 12:00 - 3:00 and is being catere,
Marshall's BBQ, and the gates to the festival open at 3:00 on the 80 acre site.
SUMMARY FINANCIAL STATEMENTS (RIDGEPOINTE & OLD LIBRARY) - This was discus
in the staff report.
6. ITEMS OF CONCERN TO THE BOARD
Richard requested Pam to find out how and when the loan payments will be made. He would like this
information for the July meeting.
The me ting was adjourned at 8:00 p.m.
i
Kathy Neal, Recording Secretary Vicki Briggs, President