2004-12-07
SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING December 7, 2004
LOCATION: 1400 Main Street, Southlake, Texas
Council Chambers in Town Hall
Board Members Present: President Keith Shankland, Secretary Sherry Berman, and Members Michael
Mills, Virginia M. Muzyka, and Andy Wambsganss.
Board Members Absent: Vice-President Cara White and Member Carolyn Morris.
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 President Shankland at 4:33
p.m.
Agenda Items No. 2. Executive Session/Agenda Item No. 3. Reconvene. No executive session was
necessary.
Agenda Item No. 4. Public Forum. No one spoke during the public forum.
Agenda Item No. 5. Administrative Comments. There were no administrative comments.
Agenda Item No 6 Approval of the minutes of the SPDC meeting held October 5, 2004.
Motion was made to approve the minutes of the SPDC meeting held October 5, 2004 as presented.
Motion: Wambsganss
Second: Muzyka
Ayes: Berman, Mills, Muzyka, Wambsganss, and Shankland
Nays: None
Approved: 5-0
Agenda Item No 7A Resolution No 04-002-SPDC, a resolution authorizing the issuance of
"Southlake Parks Development Corporation Sales Tax Third Lien Revenue Bonds, Series 2004,"
dated December 1, 2004, including the holding of a public hearing. Jim Saboms, First Southwest
Company, presented this item to the Commission along with Agenda Item No. 7B. Mr. Sabonis
explained to the Commission how the issuance of this bond will allow the Commission to pay off high
coupon debt and take on a low coupon debt to fund the acquisition of park property.
Pres:: -,nt Shankland thanked Director Elam for her work and ability to watch out for the City's money.
No c.ie spoke during the public hearing.
Moti; :i was made to approve Resolution No. 04-002-SPDC, authorizing the issuance of "Southlake
Parks Development Corporation Sales Tax Third Lien Revenue Bonds, Series 2004," as presented.
Moti 1: Muzyka
Secc1: Berman
Southlake Parks Development Corporation Meeting Minutes from December 7, 2004
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Ayes: Berman, Mills, Muzyka, Wambsganss, and Shankland
Nays: None
Approved: 5-0
Agenda Item No 7B Resolution No 04-003-SPDC, a resolution authorizing the redemption of
certain outstanding "Southlake Parks Development Corporation Sales Tax Subordinate Lien
Revenue Bonds, Series 2000." Jim Sabonis, First Southwest Company, presented this item to the
Commission along with Agenda Item No. 7A. Mr. Sabonis explained to the Commission how the
issuance of this bond will allow the Commission to pay off high coupon debt and take on a low coupon
debt to fund the acquisition of park property.
No o ie spoke during the public hearing.
Motion was made to approve Resolution No. 04-003-SPDC, authorizing the issuance of "Southlake
Parks Development Corporation Sales Tax Subordinate Lien Revenue Bonds, Series 2000."
Motion: Mills
Second: Muzyka
Ayes: Berman, Mills, Muzyka, Wambsganss, and Shankland
Nays : None
App- >ved: 5-0
Ag!"Aa Item No. 8. Adjournment.
Witli there being no other business to discuss, President Shankland adjourned the meeting at 4:42 p.m.
xz""~
eith Shanklan
AT1 ' ST: President
Tara Brooks
Dept, t y City Secretary
Southlake Parks Development Corporation Meeting Minutes from December 7, 2004
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