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2005-08-08 K SPECIAL SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING: AUGUST 8, 2005 LOCATION: 1400 Main Street, Southlake, Texas Council Chambers in Town Hall Board Members Present: Vice-President Cara White, and Members Sherry Berman, Michael Mills, Virginia M. Muzyka, and Carolyn Morris Board Members Absent: President Keith Shankland and Member Andy Wambsganss Staff Present: Director of Community Services Malcolm Jackson, Deputy Director of Community Services Steve Polasek, Director of Finance Sharen Elam, and Deputy City Secretary Tara Brooks Agenda Item No. 1. Call to order. The meeting was called to order by Vice-President White at 6:02 p.m. Agenda Items No. 2. Executive Session/Agenda Item No. 3. Reconvene. No executive session was necessary. Agenda Item No. 5. Administrative Comments. There were no administrative comments. Agenda Item No. 4. Public Forum. Lou Ann Heath, 1351 Lakeview Drive, Southlake, Texas, spoke on behalf of the Southlake Historical Society. She requested SPDC to consider using some of the extra money in the SPDC fund to support placing a Civil War era log cabin in a city park. Emily Galpin spoke on behalf of the Bob Jones Nature Center. She requested SPDC consider using some of the extra money to support the Bob Jones Park Nature Center. Agenda Item No. 6. Approval of the minutes of the SPDC meeting held August 2, 2005. Motion was made to table the minutes until the next SPDC meeting. Motion: Berman Second: Morris Ayes: Berman, Mills, Morris, Muzyka, White Nays: None Approved: 5-0 Agenda Item No 7A Request for funding for Liberty Garden Phase II to include SPDC Matching Funds and other funding sources and budget amendments. Director Jackson presented this item to the board. The Liberty Garden Committee is requesting $15,000 in SPDC matching funds and the balance of $110,070 from other funding sources. The City budgeted $100,000 in SPDC Matching Funds for FY 2004-05. The current matching fund commitments are $102,500. Approval of this request requires a $15,000 transfer from the SPDC Operating Fund to the SPDC CIP Fund. An additional option, as recommended by the Parks Board, is to re-allocate the remaining unspent balance of $10,423 Southlake Parks Development Corporation Special Meeting Minutes, August 8, 2005 Page 1 of 2 i initially awarded as part of Liberty Garden, Phase I, reducing the matching funds transfer amount. Approval also requires a transfer of $110,070 from the SPDC Operating Fund to the SPDC CIP Fund for the balance of the request. Although funding for this project is not specifically identified in the current SPDC budget, funds are available as sales tax receipts are anticipated to exceed projection by approximately $300,000. Staff has also identified $139,557 available from residual CIP project funds. Wendy Carlucci and Liz Durham from the Liberty Garden Committee answered the board's questions. The board discussed the funding options of this project and the process for approval. Motion was made to amend the SPDC operating fund and the SPDC CIP fund to include $15,000 in SPDC matching funds and $110,070 of the remaining funding from the SPDC CIP residual funds. Motion: Morris Second: Mills Ayes: Berman, Mills, Morris, Muzyka, White Nays: None Approved: 5-0 Agenda Item No. 8. Adiournment. With there being no other business to discuss, Vice-President White adjourned the meeting at 7:09 p.m. Cara White ATTEST: Vice-President Tara Brooks Deputy City Secretary Southlake Parks Development Corporation Special Meeting Minutes, August 8, 2005 Page 2 of 2