HomeMy WebLinkAbout11/20/2003 CDC MINUTES
THE COLONY COMMUNITY DEVELOPMENT CORPORATION
REGULAR SESSION
NOVEMBER 20TM 2003
PRESENT: Vicki Briggs - President Staff: Sam Fitzgerald
Richard Boyer - Vice President Kathy Neal
Don Beckel - Secretary
Susan King - Member
Bunker Hill Member
Sue Walden - Treasurer (arrived 7:08)
ABSENT: John Sanders - Member, Unexcused
Pam Nelson
Meeting called to order at 7:05 p.m.
1. CITIZEN'S INPUT -
None.
2. APPROVAL OF MINUTES OF THE SPECIAL SESSION HELD SEPTERMBER 24TM 2003 -
There is a correction to the minutes - Scout Park was not listed in item # 3 with the other park
improvements; a shade structure and picnic tables are planned for that park. Motion to approve the
minutes to reflect the correction - King; second - Hill; motion carried.
3. CONSIDERATION OF APPROVAL OF MODIFICATIONS TO THE CONTRACT BETWEEN
CDC AND THE CITY FOR ADMINISTRATION AND OPERATIONS OF CDC -
The board discussed some changes that need to be made on the contract. The changes will be made and
the contract will be reviewed again at the December meeting. Motion to table this item - Beckel;
second Walden; motion carried.
4. DISCUSSION OF FUNDING FOR 400 PARKING SPACES AND DRAINAGE CROSSINGS FOR
FIVE STAR EAST -
The cost of each parking space is $1,800.00. The funding for this project will include some street lights
in the parking lot, landscaping in the parking lot but we do not know if it includes irrigation for the
landscaping in the parking lot. The 4A Board is putting in the south 2 lanes of Memorial Dr., and the city
is putting in the north 2 lanes of Memorial Dr. plus infrastructure that goes with that. There is a
conference call on Monday with Horizon to discuss the contract. Sam said he would convey the board's
opinion that they should receive a portion of the 5% revenue the city will get from the bond so that it will
help the board to reduce the debt incurred.
5. REVIEW OF FUND BALANCE PERCENTAGE ALLOCATIONS
Sam informed the board that there are items that have been approved, but have not been transferred yet.
These include -
Existing Park Improvement - Slay / Baker Park - $100, 000
New Parks / Trails - $100,000
Historical Bridge - $30,000
Five Star - $100,000
6. APPOINTMENT OF 4B BOARD MEMBER (S) TO A TRAIL DEVELOPMENT COMMITTEE - --
Don Beckel will serve on the committee as a 4B representative and John Sanders will serve as an
alternate.
7. UPDATE FROM ASST. DIRECTOR -
Financial Statements - The statements were reviewed.
Park Improvements - Bids will be open on Dec. 9th.
Park Signage - Sam showed everyone a sample of the signs that will be placed in the parks.
The meeting was adjourned at 7:45 p.m.
Kathy Neal, P4ecording Secretary V~c~i Brigg~s, ~Pr~i~ent