HomeMy WebLinkAbout11/08/2012 CDC
MINUTES
THE COLONY COMMUNITY DEVELOPMENT CORPORATION
REGULAR SESSION
NOVEMBER 8TH 2012
PRESENT: TeRon Lawrence - President STAFF: Pam Nelson
Stephen Sohn - Vice President Kathy Neal
Kathy Braby - Treasurer
Lisa Leary - Secretary
Susana Perez - Member
Donna Cole - Member
Don Beckel - Member
COUNCIL LIAISON: Richard Boyer
The meeting was called to order at 7:00 p.m.
1. PLEDGE OF ALLEGIANCE
2. CITIZEN'S INPUT - None.
3. APPROVAL OF MINUTES OF THE REGULAR SESSION OCTOBER 11TH 2012 AND THE
SPECIAL SESSION OCTOBER 25TH 2012-
Motion to approve the minutes of the regular session October 11'' - Braby; second -Sohn; abstain - Cole;
motion passes.
Motion to approve the minutes of the special session October 25'" Sohn; second - Leary; abstain - Cole;
motion passes.
4. DISCUSS AND CONSIDER A RESOLUTION RESCINDING A CONSTRUCTION MANAGEMENT
AGREEMENT AND REIMBURSEMENT AGREEMENT APPROVED ON MAY 10, 2012, BY AND
BETWEEN THE CITY OF THE COLONY, TEXAS, THE COLONY COMMUNITY
DEVELOPMENT CORPORATION, AND NFM SERVICES, LLC, A TEXAS LIMITED LIABILITY
COMPANY -
Jeff Nloore, City Attorney, reminded the board that at the May 10'', 2012 meeting, they approved a
Construction Management Agreement with no bonds and a Reimbursement Agreement for the Nebraska
Furniture Mart project. These agreements are no longer needed because bonds are going to be issued so the
board is being asked to rescind their approval of both documents.
Motion to approve a resolution rescinding the Construction Management Agreement and Reimbursement
Agreement approved by the Board of Directors on May 10`n, 2012 - Perez; second - Braby; motion passes
with all ayes.
5. DISCUSS AND CONSIDER A RESOLUTION APPROVING AN AMENDED AND RESTATED
CONSTRUCTION MANAGEMENT AGREEMENT WITH THE CITY OF THE COLONY, TEXAS,
THE COLONY COMMUNITY DEVELOPMENT CORPORATION, AND NFM SERVICES, LLC, A
TEXAS LIMITED LIABILITY COMPANY -
Jeff Moore, City Attorney, reminded the board that at the May 10`)', 2012 meeting, they approved a resolution
to approve a Construction Management Agreement if bonds were issued for the Nebraska Furniture Mart
project. Since then, the property has been acquired and some of the language in the document has changed,
so now there is an amended and restated agreement. A typing error was indicated on this document - on
page 9, the 4`n line from the top, after the second comma, it reads "it its capacity" "it" should be replaced
with "in".
Motion to approve a resolution approving an Amended and Restated Construction Management Agreement
with the City of The Colony, Texas, The Colony Community Development Corporation, and NFM Services,
LLC a Texas limited liability company, with the correction needed on page 9 - Braby; second - Leary;
motion passes with all ayes.
6. DISCUSSION OF THE GRAND OPENING FOR FRIENDSHIP PARK -
This will take place on Saturday, Nov. 17`" from 11:30 -1:00. The ribbon cutting will beat noon. Invitations
have been mailed to residents.
7. BOARD TO PROVIDE DIRECTION TO STAFF REGARDING FUTURE AGENDA ITEMS -
The board would like to discuss the possibility of renaming the shoreline trail the Keith Helms Memorial
Trail, after Keith, as a way to honor him. Keith was instrumental in the development of the trail and the trail
meant a lot to him.
8. RECEIVE UPDATE FROM STAFF AND DISCUSS THE FOLLOWING ITEMS -
FINANCIAL STATEMENTS -
Sales tax is up. Everyone needs to continue to shop The Colony first. The online sales for all of the William
Sonoma stores contribute to our sales tax.
PUBLIC HEARING FOR UPCOMING PROJECTS -
This will be scheduled for the December meeting; it will include park projects and Top Golf.
KIDS COLONY II -
Everything was approved by City Council last week; now we are getting documents signed and placing
orders. Pain will be doing a power point presentation to the Cultural Arts Board on Dec. 51". Pam and Lisa
discussed sponsorships and decided to pursue them for Phase III instead of Phase II; there are no funds
allocated for Phase III, so they thought it would be more beneficial to wait until Phase IIL We will still
continue the name board sales, and we will develop a sponsorship package to use for Phase III.
CARR/CHAPMAN PARK -
The basketball slab was damaged during construction of the playground and will have to be replaced; the
contractor will pay some of the cost. Pam thanked everyone who was able to come out for the grand opening.
New trash receptacles and benches have been ordered.
TRIBUTE SHORELINE TRAIL -
This project is moving slowly. Engineering has seen the plans and have made some changes. There is a pre-
bid meeting next week. We should have a final map and timeline next month.
AMERICAN HEROES -
This event is on Saturday, Nov. 10`x' at Five Star. The carnival will he there, there is 5 & 10 K run, a
Memorial Ceremony, a military hand, the headlining hand is Little Texas, a silent auction with the proceeds
to go to the Wounded Warriors project, and fireworks.
HOLIDAY IN THE PARK / THE COLONY CHRISTMAS SPECTACULAR -
This event is on Saturday, Dec. I V at Perryman Park. The parade will start at Peters Colony Elementary
School, go down Nash to Blair Oaks and end at Five Star. The Christmas Spectacular is still accepting
sponsorships. Volunteers can help this Saturday from 9:00 - 1:00 and Sunday from 1:00 - 5:00 and then
Saturdays from 9:00-5:00 and Sundays 1:00 - 5:00 at Central Fire Station 91.
There being no further business to discuss, the meeting was adjourned at 7:50p.m.
Kathy Neal, Recording Secretary TeRofi awrence, President