HomeMy WebLinkAbout06/16/05 CDC
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MINUTES
THE COLONY COMMUNITY DEVELOPMENT CORPORATION
REGULAR SESSION
JUNE 16TH 2005
PRESENT: Susan King - President
Don Beckel - Secretary
Vicki Briggs - Member
Richard Boyer - Member
Bunker Hill - Member
Sue Walden - Treasurer
STAFF: Sam Fitzgerald
Kathy Neal
ABSENT: John Sanders (Medical)
Pam Nelson (Medical)
Allen Harris (Business)
GUEST: Robert Hager, City Attorney
1. CITIZEN'S INPUT - None.
2. EXECUTIVE SESSION:
THE BOARD SHALL CONVENE INTO A CLOSED EXECUTIVE SESSION
PURSUANT TO SECTION 551.071(2) OF THE TEXAS LOCAL GOVERNMENT
CODE TO CONSULT WITH THE CITY ATTORNEY CONCERNING AN
AGREEMENT BETWEEN THE CDC BOARD AND HOMETOWN SURVEY.
The Executive Session was called to order at 7:01 p.m. and adjourned at 7: 15 p.m.
3.
ACTION TO BE TAKEN AS A RESULT OF THE EXECUTIVE SESSION -
Motion to pay Hometown Survey $425 for professional services - Briggs; second Hill; motion carried.
4. APPROVAL OF MINUTES OF MAY 19TH 2005 -
Motion to approve minutes with correction to show Sam Fitzgerald as absent - Beckel; second - Boyer;
motion carried.
5. PRESENTATION AND DISCUSSION OF 2005/2006 BUDGET-
Some line items were reduced so we could use money in other areas, but overall the budget should stay
about the same as last year's budget, unless Council asks us to make more reductions.
Pam has been iriformed that Council may callfor an election to reallocate the 4B & 4A sales tax. This
would mean that ifpassed by the voters, 4B & 4A would only receive 1/8 of the sales tax collected by the
city. The additional funds the city would receive from the increase in their portion of the sales tax would
be applied towards crime prevention. This could affect our budget by $200,000 -$250,000.
6.
UPDATE FROM DIRECTOR / ASST. DIRECTOR
FINANCIAL STATEMENTS-
The financial statement shows payments to Anne Jenkins - the board wants to know who she is and
what service she provided that they paid her for; there was no explanation in the statements.
TRAIL LIGHTS -
Bids open on June 2Sh. We may schedule a meeting in the first week of July to approve a bid so we
can take this to Council as soon as possible.
SALES TAX TRAINING- I
There is a Sales Tax Training Seminar on August I9'h in Irving. You are not required to attend, but it
would be beneficial if you could attend.
REALLOCATION OF SALES TAX-
The board would like to request a work session with Council to discuss this issue. They want to
have the meeting in the Senior Center and have a power point presentation prepared to review
their current obligations, future projects and discuss the impact a reallocation will have on their
current and future projects. The board also wants to know when the election for this would be.
JULY 4TH_
The July 4th events will take place on Saturday, July 2nd this year. All the events, with the exception
of the parade, will take place at Stewart Creek Park.
With no further business to discuss, the meeting was adjourned at 7:45 p.m.
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Kat y Neal, R cordingSecretary
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Susan King, President ~--------
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