1994-03-21REGULAR SOUTHLAKE PARK DEVELOPMENT CORPORATION
(400" 667 NORTH CARROLL AVENUE, SOUTHLAKE
MARCH 21, 1994
6:00 P.M.
uII�l11 ,�
MEMBERS PRESENT: Stephen Apple, Chairman; David Yelton, Secretary; LouAnn Heath,
Treasurer (Ex-Officio). Members: Gary Fickes, W. Ralph Evans, Janet Murphy (arrived at
6:15 p.m.), and Jon Michael Franks (arrived at 6:25 p.m.).
MEMBER ABSENT: Larry Goldstein.
STAFF PRESENT: Curtis Hawk, City Manager; Shana Rice, Assistant City Manager; Greg
Last, Director of Community Development; and, Sandra L. LeGrand, City Secretary.
The meeting was called to order by Chairman, Stephen Apple, at 6:00 p.m.
Agenda Item #2, Approval of Minutes: February 14, and February 21, 1994.
The Minutes of the February 14, 1994, and the February 21, 1994 meetings were approved as
presented.
Motion: Yelton
Second: Evans
(4w, Ayes: Yelton, Evans, Fickes, Apple
Nays: None
Approved: 4-0 vote
Agenda Item #4, Approval of a Corporate Seal
The Corporate Seal presented during the meeting was
says, "Southlake Park Development Corporation" is
designed after the Seal of the City of Southlake.
Motion: Fickes
Second: Yelton
Ayes: Fickes, Yelton, Evans, Apple
Nays: None
Approved: 4-0 vote
Agenda Item #5. Discussion: Bonds.
approved as presented. The seal which
shown with a lone star in the center, as
Southlake Park Development Corporation Treasurer, LouAnn Heath, explained the process
which will take place with the first bond issue. It was noted the trip to New York to meet with
Moody's and Standard and Poor's, will be held on April 14-15. Mrs. Heath outlined the trip
for those present, adding, the trip is very fast paced with a schedule set in advance that leaves
little time for extra activities.
Regular Southlake Park Development Corporation Minutes
(40, March 21, 1994
page two
Agenda Item #5, Continued
The City Manager, Curtis Hawk, stated the only thing the City is selling is the ability to pay
back the money. He indicated those going will prepare exactly what they will say. Everyone
going will have a part in the presentation. At this time, those going include: Stephen Apple,
Gary Fickes, Barry Emerson, LouAnn Heath, Curtis Hawk, and David Yelton.
Jon Michael Franks arrived at this time.
Agenda Item A, Discussion: Project Management.
Curtis Hawk, City Manager, stated in regard to the Project Management Plan, that there are two
(2) choices: Hire a person or hire a firm to provide the management of park development.
Hawk expressed that he feels the Corporation would be better served by hiring a person.
David Yelton stated he feels we will have more control and get more for our money by hiring
a person. Others present agreed we would be better off to hire a person. It was decided that
the salary range would be between $35,000 and $50,000, including benefits.
Agenda Item #7, Discussion: Project Update.
Greg Last, Director of Community Development, presented suggested concept updates for
Bicentennial Park. A copy of the concept is hereby attached to the minutes.
Mr. Hawk stated our revenue will determine the projects for this year.
The properties adjoining the park were discussed.
Agenda Item #3, Administrative Comments.
LouAnn Heath stated, even though the State has sent out letters to businesses in Southlake
informing them of the increase in sales tax for the City of Southlake, effective April, from
7.25 % to 7.75 %, she is also sending out a letter to all businesses from the City.
Agenda Item #8. Adjournment.
The meeting was adjourned at 7:10 p.m.
Motion: Fickes
Second Evans
Ayes: Fickes, Evans, Murphy, Franks, Apple, Yelton
Nays: None
Approved: 6-0 vote
A
Regular Southlake Park Development Corporation Minutes
March 21, 1994
page three
Respectfully Submitted,
David Yelton
Secretary
Al.
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