HomeMy WebLinkAbout07/15/04 CDC MINUTES
THE COLONY COMlVIUNITY DEVELOPMENT CORPORATION
REGULAR SESSION
JULY 15TM 2004
PRESENT: Richard Boyer - President STAFF: Sam Fitzgerald
Vicki Briggs - Member Kathy Neal
John Sanders - Vice President
Susan King - Member
Sue Walden - Treasurer ABSENT: Bunker Hill - Excused
Don Beckel - Secretary Pam Nelson - Excused
Allen Harris - Excused
Meeting called to order at - 7:01 p.m.
1. CITIZEN'S INPUT -
None.
2. APPROVAL OF MINUTES OF JUNE 17TM 2004 -
Motion to approve - Briggs; Second- Sanders; motion carried.
3. REVIEW OF FUND BALANCE PERCENTAGE ALLOCATIONS -
The fund balance worksheet has been revised to show the change from 180-day reserve figures to 120-
day reserve figures, it shows the amount of money budgeted for trails is now $175,000, and it shows the
$65,000 spent to pay for the parking lot at Five Star East.
4. CONSIDERATION OF APPROVAL OF THE 2004 - 2005 BUDGET -
The budget is the same as the 2003-2004 budget. The board discussed the need to have information about
the board and the projects the board plans for and completes in the next edition of the Fun Times
Brochure. Richard requested the ideas submitted to Pam from Don, regarding the budget, be placed on
the August agenda.
Motion to approve the 2004-2005 budget - King; Second- Briggs; motion carried.
5. UPDATE FROM DIRECTOR / ASST. DIRECTOR -
Financial Statements -
The board reviewed the financial statements - sales tax continues to increase.
Park Improvements-
Five Star - There is no electrical wiring on the east side of the football field.
Scout Park - The pond has been sprayed for the algae growth.
Dave Cowan and Carr/Chapman - The pavilions are almost complete.
Bill Allen Memorial Park - The playground will be built after the pavilions at Dave Cowan and
Cart/Chapman are completed.
BB Owen - Permanent benches have not been installed yet.
Skatepark - The equipment is still in good condition and there are not any cracks in the cement. The
kids want us to add more equipment. There is still money left in that budget.
With no f~rthe_r busit3e~ss, the meeting was adjourned at 7:30 p.m.
Kath9 Neal, R~ording Secretary Richard Boyer, President Q~/