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1994-04-18REGULAR SOUTHLAKE PARK DEVELOPMENT CORPORATION 667 NORTH CARROLL AVENUE, SOUTHLAKE APRIL 18, 1994 6:00 P.M. AUNUTES MEMBERS PRESENT: Stephen Apple, Chairman; Larry Goldstein, Vice -Chairman. Members: David Yelton, Secretary; Gary Fickes and Janet Murphy. MEMBERS ABSENT: Jon Michael Franks and W. Ralph Evans. STAFF PRESENT: Curtis E. Hawk, City Manager, and Shana Rice, Assistant City Manager. The Regular meeting of the Southlake Park Development Corporation was called to order at 6:09 p.m., by Chairman Stephen Apple. Agenda Item #2. Approval of the Minutes of the March 21, 1994 SPDC Meeting. Motion was made to approve the Minutes of the March 21, 1994, Southlake Park Development Corporation meeting. Motion: Fickes Second: Goldstein Ayes: Fickes, Goldstein, Murphy, Apple Nays: None Approved: 4-0 vote Agenda Item #3, Administrative Comments Janet Murphy asked that a copy of the corporation seal be made available to the members for their records. It was officially decided that meetings of the SPDC would start at 6:00 p.m. Agenda Item #4, Results of April 14, 15, 1994, Bond Rating Trip The City Manager, Curtis Hawk, information the group of the Bond Rating Trip which was held on April 14 and 15, 1994, stating he feels the trip was worthwhile. Hawk stated the information presented was eye opening to staff of Moody's. It was noted the sales taxable by industry has declined, whereby the retail sales is growing. A copy of the information provided is hereby attached to the minutes of this meeting. Mr. Hawk stated that Jim Sabonis, First Southwest, said the presentation was better than any they'd been involved with. We should find out our rating on Friday, prior to the May 3, bond sale. Regular Southlake Park Development Corporation Meeting April 18, 1994 page two Agenda Item #4, Continued It was noted the first payment on the bonds will be during the next fiscal year. Agenda Item #6. Bicentennial Park Facilities Design Shana Rice, Assistant City Manager, informed the members present that on April 25, 1994, during the Regular Park Board Meeting, they would review slides of the architect's work. Janet Murphy noted she liked North Lake's Park Concession/Restroom. Shana Rice stated she will bring slides to SPDC meeting for review. Agenda Item #8. Call Special Meeting for Public Hearing on Bond Projects. A Special Meeting was called for May 3, 1994, at 5:30 p.m., to hold a public hearing on the Bond Project, Open Bids for Competitive Sale of Bonds, and Adopt Bond Issue. Motion: Fickes Second: Goldstein Ayes: Fickes, Goldstein, Yelton, Murphy, Apple Nays: None Approved: 5-0 vote Agenda Item #9. Adjournment Motion was made to adjourn the meeting. Motion: Yelton Second: Murphy Ayes: Yelton, Murphy, Fickes, Goldstein, Apple Nays: None Approved: 5-0 vote David Yc Secretary Al. A A 0% k0 0\ Nr d' O N o 0 0 0 0 o t� O v) N v1 Cl [- O N M 0\ N 00 [ON � 00 zr N 0\ �0 tl 00 00 00 � � Nod, �'-' N � � M M N --� I- M M 00 N cn Ict . qzr N ql*� O l� '--� v1 'q' O '-r �-O O -,o N ,-. ,--4 [- O\ qq• O O\ NqT o o o 0 0 0 \10 M M N N N M N� ll:: M 00 N O tr f7 O W)M Q\ vl t- N — — %0 O �N00m m ITm C,4 ,--� N lr C 00 � � d• Ict ,-- to r-i COMNgq-o c o \\\o C\NN N 0,: - I0 M •--� •-+ 00 O r+ � �Orn�nO� Cn Q� N �-�00 O M T h 0 N 00 'CI' M ''d' O 000 p� CO N --� M .--� �O z M M --� II W N 0\ M d' -4 N .p•.r�l � N N N C, r- N �--� y vl0000MIt Tt- -+ p� O w O� 0I lO CM Q � � 0�I O I- N O N v1 \0 �- M 00 %0 - O i- NN00 O (V cV (V O •-+ M d 1-4 00 O O t-- t- M O\ M fit• M 0 lop, 0 0 0 0 a\ a\ 0\ to 00 M O� [- %C o0 C% -, 00 %0 Ict N 0� 00 0\ CNI [- M 'd"d• Moo M M oMo `n N N �o 0 p�I--� N " 00 to 00 01 M u u 055 o M110 N C o 0 0 0 l 0 0 ONO 00 00 vl O� O� d O 78 oo N 00 rn M oo N 00� °p tn C\ N N O t- N p 116 00 M u V d Qi Nrn a N00 00 ^�'� -- a -- 00 o ^� o C!] V rn o Cd ii ~ yop "p'� C l.J Q� b0 Cd Q C H b!% Cd q�q S� �' U 0 u U ¢, N O 'b ,� 'd 0 u w v a UH ar4v�c�H Q 1 o� oCld � a rA 4-4 rA U � U H x �' + N -i r 4 I 7 F Pa CITY OF SOUTHLAKE SALES TAX REVENUES six year comparison 1993-94 collected budget balance budget to date balance percent $701-500 $443-944 $257-556 36,72% ... .................. TIMM ...................... ............. X X MUM. ................. ............ ....... - ............. - ............ .... . . ... .............. . ... .. .... ..... ................ OX Inc ................. ..... .... ...... % Inc ..................... M... .............. OX Inc ................... ....... OX Inc ......... X % Inc MONTH(Dec) ...................... ..................... (D ec) ......... (Dec) ....... ... 921.9.3 (Dec) ::,.*...". .............. (Dec) ...................... .. - ............ .............. ..................... October ........... :.: ..................... A::::- ........... . ........... ................... .. ................ .......... ........... ................ ...... .......... ............ ......... ...... ..... X%.%% ........ ............ 35.1% ...................... ..................... ........... ...... -.8:..% ...... ... ...... ............. ..................... 16.7% ....... ..... .......... .... ............... .............. :346,73 -. - ................ ................... .................. 6.0%:.... ................. .... ..................... .................... .................. ................. : S 510.,�56 ........ .................. ... .................... 9.0% .. N-iA 95 November ..................... ... .... . . . ...................... A ...... . ...... .. ... .................... ...................... ............... ...... .................. ........... ....... ...... ............ ........ ....... .... -.75 ........... ........ ............ ..................... 59.3% ......... ........... ....... .................... ...... ........ ....... ..... ................ .... ............... ..... ......... ...... .. .. ......... 1 5 .0% .................. .......... ......... . .. ........ ........... .... ............ ..... .... ......... ..................... -24.8% ...................... .................... ............... ... .......... .. - ........ :.- ....... .................... .......................... ...... 50.8% X ...... 5.0 .......... ............... .... ..................... 20.2% December ...................... ............... ...................................................... ......... ........ . ....... ....... . ..% ....... .... ... ............... 18.1 .................. ...................... ..................... 35.% 2 ................. . .......... ..... ... ................... ................... .. ................. .... .......................... 16.90/o ................ .0 . .............. ......... . ..... % 1.7a ...................... ............. ............. 0% January .. . . ....... ..... . ... .................. ......... .. . ................. ............................................... ... ........... .3.4 ........... ..................... ..................... 28.80K 36.7% ............ g ............ ...... .......... .... .... . -15.1% ............. ..................... .-Motm ....................... 69.2% ....... ........ .... . .. ........ . ...... ....... ........................ ...... ..... .. 57.3% February ............ %. ........... . .. . ....................... .................... .................... ...................... ..... im 6 1.0% ......... . .. ............................ ....... ..................... 12. 1 % ......... . .. . . ... . . .... I .......... . ......... .......... ...................... 78.4% ....... - ......... --- ............... --- .................. 1. wo ........ .......... .... .. ............ . . .......... ...... . .. ........ .................... ......... ......... 47.0% March ...... ..... ............... .......... ..... ...... 107.5% ... .. X.. .................... .. . ........ . 7.5% ... ...................... 13.8% ..................... ..................... ...... - -------- 17 8% 34.4% April .............. ..-.x.-.A.....-...0.............:.6.......... ..3............................. . . ........................................................ ........................................ -23.5% .......................I........................................................................................... 1 .4%................. ..... SW3 ....- ......:................................................... 3.................... 8.8% ............ M.............. .................... ..... ...... ......................................... .% ...... ay .7 . . 13.% .......... ... 16.3% .............* ..... .............. 12.0%... ..... .. ... ..................... 22: .% ................. .. . ... .............. ...... .................. .. ................... ................. ........................ %.:.-.-.:..!...::.-e... .... .......... .......... .......... .... ..... 55.7% ......... .... ... . ............ ..... ...................... 1.2% ...................... ........ ............. ........ .............. ......... ........... 13.8% ......... 20.7% ................. . ............ ...................... ... .. ...... . . . . . . . .................. Jul ............... ..................... "..... .......................... 33.0% .............................................. ........... ...................................................................................................................................................-..... .. ............. .............................................................. ...................... ........... .. ......... .........................................................................................................-.......-............................................................. .I.. ..................... ...................... ... RM, ................ . .... .............. ........... ................................... ......-.... ....... August ........................ ..............-... ....... ...I .... ...........................-. 299 .. .........................-'...... . ..... ..-.-............................... . % ..I........-..................-..... ....... ........-........ ................................................... ... ........... 12.5% . 5% 3.5 ....... ....... --. ...-... ............ : ....... . 0.9 %40.8 ............................ ............... .. . ........ ............ ............. ... I. ... .... .... ...................... 1-104 ........... . .............................. .. 4.2% ............. .I................................................................................................. 0 .......... ...... ..... ...... ...... ........ ..........I......................................... 15.5 /o 0 .......... ..... . w .27.3/ .. -- ................................................................-..-...-... -.- 013.9/. ......September .................................................................... .. I ....................... .. . TOTAL ............. ....... ............. $311 ..... .............. ............. - ...... 6:* �A ..... .... .... . ... .. ............. .............. .... ............... 27.10/( ;S4-4..*-.'..-148.' ...... I ........... .......... ...... ........... 13.1% ........... .......... ...... 5 .............. 3.8% . ................. :$ 73 -6 . ....... . ...... ...... .............. 24.8%:sm ........... ............... . ...................... ......... ...... 59.6% SLSTA)(94.WK3 REPORT DATE 04/11/94 O O O O O O O O O O O O 00 ":r N rn CM ON N ON ON M. • 0 R. EIM N 00 if SR 7 rrT�T � rt h+i 00 O M � N 4 U U 4 H 0 0 0 �o �,It O N U G9 O U _ k � 3 � y y � a y O � 0 00 � b o y ONON Zoo. O o b�10 aa, y 0 •.• id O O ��„ � N ywQaaw IS C 0 tb t_ O a t- o r-� C d E 0 d > a� Y O IL m Y L 0 co P.E� 2 z z z "Trn vtv�C�U)$vC\j0 ZV n� 'a IT Ind_ V'(DMt- mom .r•0N00MM0 'd �, X r M V, r r N^ W o r N O W r- N P- w m N O Q a)Oq V' N r r N N N N C+! 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M N N — O O m F- U1 HO 7 O(O pf� 8h 8 OCO pO) 00,00 L O O O O O O O OOO O OLiOOOO OOOOOOO ON OM.- O O d O I) O O If M 0 0 M O N 0 0 0 N O N O O O p •dic0 Io (O (pO (pO rp� a0 1 08 O O�- M � imC� m NpOO tMo r .- n m •N 0 m to 7 n xOX iCl Q Q Q O O O O O 0 O_ O N 0 0 O_ O O 0 If) to to O O OI � yC C O O z z �M C' M v W r- M N n M n K 01 O 0 0 0 O N n O m ~ M to a n (0 O 01 M N CD O CO O (O — 0 m 0 d p 01 O N N N O 01 N K N O N 01 q 0 Q m p n to to to N N N M tI') N to N N M N M at N, pp ` p C I� m NN N N N N N N N N N N N N N N N N N N N Ct to � fp m a a O D O O O O O 1Y I O O OO t9 C 0- Z ZMv^n M Io n 0 0) m 0 O 0 NW O'm OC m IQ Cf C O R M O M t0 N M M tV Cl) (O N C0 N 7 CO O MO O N N N O rm — Q to t0 �m I 7 m c '4 — NfA O) m CO n (0 O N f� n O m Cl O CO m O rn � c m T c m i6 Q Q a 0 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OI O n Z Z Z O o 0 o 0 0 0 L O c 0 0 0 0 0 0 0 0 0 0 0 0 0 E a C to c tri C tri o N o Id t/i o 0 o tri o 0 o tri I 0 E m •e N W 0 0 N N M M er N t0 r� r� 0 0 N M 0r .- � .- .: � N N N N O p W Q d LL cm a to 0) M 01 M 4) (4 OI O O O O O O O O O O O O O O O �- •- .- N N N N N N N N N N N N N N N 10 o4,,�gE COU w o TEXAS JOHN SHARP Comptroller N COMPTROLLER OF PUBLIC ACCOUNTS STATE OF TEXAS AUSTIN, 78774 March 31, 1994 Lou Ann Heath City of Southlake 667 North Carroll Avenue Southlake, TX 76092-9595 Dear Ms. Heath: I am happy to report that Southlake Parks Development Corporation, Taxpayer No. 3- 01170-5043-2, qualifies for exemption from state franchise tax as a Section 171.074 organization effective January 10, 1994. In the event that we have reason to believe that it no longer qualifies for the exemption, we will notify the registered agent that the exempt status is under review. This corporation also qualifies for exemption from the state and local sales taxes as an Article 5190.6 organization. It may issue an exemption certificate in lieu of the sales tax on taxable items if they relate to the purpose of the exempt organization and are not used for the personal benefit of a private party or individual. The certificate does not require a number to be valid and may be reproduced in any quantity. If the organization changes its name, registered agent or registered office address, it is required to notify the Secretary of State. If you have any questions, please call me toll free -at 1 (800) 531-5441, extension 3-4931, or directly at (512) 463-493' Yours truly, ii lli E. York e pt Organizations Section SM/74 an equal opportunity employer