Min - Community Development Corporation - 1997 - 01/02 - RegularMINUTES
ALLEN COMMUNITY DEVELOPMENT CORPORATION
SPECIAL CALLED MEETING
January 2, 1997 - 7:00 P.M.
BOARD MEMBERS PRESENT
Debbie Stout, Chairperson
Robin Sedlacek, Secretary
Steve Terrell
Bob Morris
Jason Collier
Claudia Kelley
Carl Clemencich
BOARD MEMBERS ABSENT:
None
STAFF PRESENT:
Michael Stanger, Assistant City Manager
Larry Kirk, Program Coordinator Parks and Recreation
Jon McCarty, City Manager
GUESTS PRESENT:
Dan Almon, Southwest Securities
I. CALL TO ORDER
Debbie Stout called the meeting to order at 7:07 p.m.
II. APPROVAL OF MINUTES FROM DECEMBER 16, 1996 REGULAR
MEETING
MOTION: Moved by Robin Sedlacek and seconded by Bob Morris to
approve the minutes. All approved
Page 2
ACDC Minutes
January 2, 1997
III. RECEIVE PRESENTATION BY CITY MANAGER AND FINANCIAL
ADVISOR
Jon McCarty, City Manager, presented information pertaining to municipal
debt, including sample debt service schedules as per the board's request of
December 16. He also presented historical data on Allen's one -cent local sales
and use tax, indicating its growth since 1986.
Mr. McCarty introduced Dan Almon, the City's financial advisor, who
presented a sample schedule of events required to sell sales tax revenue bonds
Mr Almon also explained his company's fee schedule and the bond rating
process.
IV. OTHER BUSINESS
Members and staff discussed the process of gathering public input, publishing
notice of intent, holding public hearings, informing the City Council, and
finally approving the project. Mr. Stanger clarified that the public hearing
requires a 15 -day notice published in the newspaper, but that the project itself
requires a 60 -day response period in which the public may trigger an election
on the project if it presents a petition having ten percent of all registered voters.
Mr. McCarty suggested informing the Council through its appointed standing
committee. Members determined they would go forward with town hall
meetings on January 14 and 23, reporting to the City Council on February 6,
and holding a public hearing on the proposed project or projects sometime after
that. Mr. Stanger promised to reduce to writing the schedule of events.
Bob Morris asked Mr. McCarty, on behalf of the board, to convey its thanks
and best wishes to Rhoda Savage, Director of Parks and Recreation, as she
announced her resignation from the City earlier in the week.
V. ADJOURN
With no further business to be discussed, Bob Morris moved to adjourn the
meeting and Jason Collier seconded. All approved. The meeting adjourned at
9:00 P.M.
These mi t s read and app 14th day of January, 1997 /
Debbie Stout, Chairperson Robin Sedlacek. Secretary