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2004-10-05 A SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING October 5, 2004 LOCATION: 1400 Main Street, Southlake, Texas Council Chambers in Town Hall Board Members Present: President Keith Shankland, Vice-President Cara White, Secretary Sherry Berman, and Members Michael Mills, Carolyn Morris, Virginia M. Muzyka, and Andy Wambsganss. Board Members Absent: None 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 5:02 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 August 17, 2004. Motion was made to approve the minutes of the SPDC meeting held August 17, 2004 as presented. Motion: Morris Second: Mills Ayes: Mills, Morris, Muzyka, Wambsganss, White and Shankland Nays: None Abstain: Berman Approved: 6-0-1 Agenda Item No. 7A. Resolution No. 04-001-SPDC, Declaring Intention to Undertake Proiect and Calling for a Public Hearing on the Proiect. Director Elam presented this item to the Commission. This agenda item is related to the funding requirements to purchase park property. Approval of this resolution is the first step in the process to issue sales tax revenue bonds. The Commission will hold a public hearing on the project on December 7, 2004, prior to the regular City Council meeting. Approval of this resolution authorizes the publication of a notice in the newspaper of the Commission's intent to undertake park projects involving the acquisition and improvement of land adjacent to Bicentennial Park. Jim Sabonis, First Southwest Company discussed the defeasance and new money program and answered the Commission's questions. Motion was made to approve Resolution No. 04-001-SPDC, setting a public hearing on the Southlake Parks Development Corporation undertaking park projects; and approving and authorizing publication of notice of such public hearing. Southlake Parks Development Corporation Meeting Minutes from October 5, 2004 Page 1 of 2 Motion: Wambsganss Second: Mills Ayes: Berman, Mills, Morris, Muzyka, Wambsganss, White and Shankland Nays: None Approved: 7-0 Agenda Item No. 8. Adiournment. With there being no other business to discuss, President Shankland adjourned the meeting at 5:12 p.m. eith Shankland ATTEST: President Tara Brooks Deputy City Secretary Southlake Parks Development Corporation Meeting Minutes from October 5, 2004 Page 2 of 2