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2012-06-05 CITY OF SOUTHLA1(E SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING: June 5, 2012 LOCATION: 1400 Main Street, Southlake, Texas Council Chambers in Town Hall BOARD MEMBERS PRESENT: President Carolyn Morris, Vice - President Pamela A. Muller, and Secretary Al Zito, Board Members Sherry Berman, Tamara McMillan, John Slocum, and Jeff Wang. BOARD MEMBERS ABSENT: None. STAFF PRESENT: Assistant City Manager Ben Thatcher, Director of Community Services Chris Tribble, Deputy Director of Community Services Kari Happold, Director of Finance Sharen Jackson and Deputy City Secretary Traci Riggs. 1. CALL TO ORDER President Morris called the meeting of the Southlake Parks Development Corporation to order at 4:45 p.m. 2. CONSENT AGENDA (Items A -B) Consent Agenda items are considered to be routine by the Board of Directors and are enacted with one motion. President Morris read the consent agenda items into the record. 2A. APPROVAL OF THE MINUTES FROM THE MAY 1, 2012 REGULAR SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING. APPROVED A motion was made to approve the May 1, 2012 regular Southlake Parks Development Corporation meeting, Motion: Slocum Second: Muller Ayes: Berman, McMillan, Morris, Muller, Slocum, Wang Abstain: Zito Nays: None Approved: 6 -0 -1 2B. APPROVAL OF THE MINUTES FROM THE MAY 15, 2012 REGULAR SOUTHLAKE PARKS DEVELOPMENT CORPORATION MEETING. APPROVED A motion was made to approve the May 15, 2012 regular Southlake Parks Development Corporation meeting, Southlake Parks Development Corporation Meeting Minutes — May 15, 2012 Page 1 of 3 Motion: Slocum Second: Berman Ayes: Berman, McMillan, Muller, Morris, Slocum Abstain: Zito, Wang Nays: None Approved: 5 -0 -2 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 TO UNDERTAKE BICENTENNIAL PARK PHASE II PROJECT. APPROVED Secretary Zito clarified with Finance Director, Sharen Jackson that the City intends to finance $2 million of the project with cash that has been established from the sales tax fund and the balance of the $6 million in bonds to be issued will be repaid by that same sales tax fund. A motion was made to approve and authorize to undertake Bicentennial Park Phase II project, as presented. Motion: Slocum Second: Zito Ayes: Berman, McMillan, Morris, Muller, Slocum, Wang, Zito Nays: None Approved: 7 -0 5. DISCUSSION: 5A. JUNE COSTRUCTION MANGEMENT REPORT Community Services Director Chris Tribble provided the Board with an update on the Construction Management Report for Bicentennial Park Phase II and North Park. 5B. GRANT OPPORTUNITIES The Board discussed grant opportunities that may be available for City projects, and recommended that the City further investigate mechanisms for identifying and developing grants for City projects. 6. OTHER ITEMS FOR DISCUSSION: 6A. SALES TAX REPORT No sales tax report was presented. Southlake Parks Development Corporation Meeting Minutes — May 15, 2012 Page 2 of 3 6B. 2012 SPDC ATTENDANCE LOG The Board did not require a presentation. 7. ADJOURNEMENT President Morris adjourned the meeting 5:12 p.m. Carolyn orris President ATTEST: • Traci Riggs, Deputy City Secretary Southlake Parks Development Corporation Meeting Minutes — May 15, 2012 Page3of3