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2012-05-15 \ / CITY OF s SOUTHLAKE SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING: MAY 15, 2012 LOCATION: 1400 Main Street, Southlake, Texas Council Chambers in Town Hall BOARD MEMBERS PRESENT: President Carolyn Morris, Vice - President Pamela A. Muller, and Board Members Sherry Berman, Tamara McMillan, and John Slocum. BOARD MEMBERS ABSENT: Secretary Al Zito and Board Member Jeff Wang. STAFF PRESENT: Assistant City Manager / Director of Public Safety Jim Blagg, Director of Community Services Chris Tribble, Director of Finance Sharen Jackson and City Secretary Alicia Richardson. 1. CALL TO ORDER President Morris called the meeting of the Southlake Parks Development Corporation to order at 3:48 p.m. 2. CONSENT AGENDA: (THERE ARE NO ITEMS ON THIS AGENDA) 3. PUBLIC FORUM President Morris opened the public forum and asked for anyone wishing to speak to come forward. There being no one wishing to speak, President Morris closed the public forum. 4. CONSIDER: 4A. APPROVE AND AUTHORIZE PUBLICATION OF NOTICE OF PUBLIC HEARING TO UNDERTAKE BICENTENNIAL PARK PHASE II PROJECT. Finance Director Sharen Jackson informed the Board the action requested this evening is to approve publication of notice for public hearing to move forward with Capital Improvement Program for fiscal year 2012. The notice will inform the public of the Board's intent to schedule a public hearing for June 5, 2012 to receive comments concerning the Bicentennial Park Phase II project. On August 7, 2012, the Board will consider the authorization to approve bonds to fund the Bicentennial Park Phase II project. Ms. Jackson advised that the budgeted cost for the project is $8,000,000. The City will issue bonds in the amount of $6,000,000 and the remaining $2,000,000 will come from sales tax funds. A motion was made to approve and authorize publication of notice of public hearing to undertake Bicentennial Park Phase II project, as presented. Southlake Parks Development Corporation Meeting Minutes — May 15, 2012 Page 1 of 2 Motion: Berman Second: Slocum Ayes: Berman, McMillan, Morris, Muller, Slocum Nays: None Absent Wang, Zito Approved: 5 -0 5. DISCUSSION: (THERE ARE NO ITEMS ON THIS AGENDA) 6. OTHER ITEMS FOR DISCUSSION: (THERE ARE NO ITEMS ON THIS AGENDA) 7. ADJOURNEMENT President Morris adjourned the meeting 3:53 p.m. Carolyn M is President ATTEST: Alicia Richardson, City Secretary Southlake Parks Development Corporation Meeting Minutes — May 15, 2012 Page 2of2