HomeMy WebLinkAbout07/21/05 CDC
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MINUTES
THE COLONY COMMUNITY DEVELOPMENT CORPORATION
REGULAR SESSION
JULY 21 ST 2005
PRESENT:
Susan King - President
Don Beckel - Secretary
Richard Boyer - Member
Sue Walden - Treasurer
John Sanders - Vice President
ABSENT: Bunker Hill (Vacation)
Vicki Briggs (Vacation)
Allen Harris
STAFF: Pam Nelson
Sam Fitzgerald
Kathy Neal
1. CITIZEN'S INPUT - None.
2. APPROVAL OF MINUTES OF JUNE 16TH 2005 -
Motion to approve with correction made to item #5 - Walden; second - Boyer; motion carries.
3.
CONSIDERATION OF APPROVAL OF AWARDING BID FOR SECURITY LIGHTING
ON THE HIKE/BIKE TRAIL AT FIVE STAR WEST-
Sam is recommending the board award the bid to Groves Electric even though they were not the
lowest bid. The company with the low bid is not in business anymore. Sam is also asking the board to
consider increasing the original budget of $40,000 to $46,000 to allow for a contingency and to
cover the excess over $40,000 that Groves is charging. Lights will be put on 8 poles with double
lights on some poles. This project should take 3 weeks, provided there are no problems. This is on
the August ]"'"1 Council agenda.
Motion to award the bid to Groves Electric and increase the budget to $46,000 - Sanders; second-
Beckel; motion carries.
4. CONSIDERATION OF APPROVAL OF PAYMENT TO HOMETOWN SURVEY FOR
PROGRAMMING COSTS -
The Board received a copy of an invoice for programming fees for $500.00 from Hometown Survey.
Motion to pay this additional invoice for $500.00 but to stipulate when the payment is
made, 4B becomes owners of the survey; Walden; Second - Beckel; Yes - Walden,
Sanders, Beckel; No - King, Boyer; motion carries.
5. DISCUSSION OF POSSmLE REALLOCATION OF SALES TAX REVENUE-
Alice from the Finance Dept., made some reports showing how the 1/8 of one-penny reduction in the sales
tax 4B gets will affect projects and the fund balance. The board wants to increase the amount in Trails
to $200,000 in the 07-08 budget with $25,000 of that amount going towards maintenance/operations of
the trails, and adjust Existing Parks to $25,000 in the 06 -07budget. Pam said the board might want to
consider committing to assisting with maintenance/operations costs of their projects if Council will agree
not to reduce 4B 's portion of the sales tax. Pam would like to allocate $25,000 in the 06-07 budget for
some landscaping in the east parking lot at Five Star.
6.
UPDATE FROM DIRECTOR / ASST. DIRECTOR-
FINANCIAL STATEMENTS - Thefinancial statements were reviewed
SLAY / BAKER - This park is finished
AUSTIN RANCH - There was no update on this item.
LANDSCAPE COMMITTEE - Don informed the board that conceptual plans are done. John
Cooper, Denton Co. Extension Agent, will attend the next meeting. We are now working on plans for
each park and we should have that completed in 3-4 months.
CIVIC CENTER - This is on the P&Z agenda for August g'h and City Council for August 15th.
We are working thru some issues with Atmos Energy and the gas easement.
There being no further discussion, the meeting was adjourned at 8:00 p.m.
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