Min - Community Development Corporation - 2009 - 11/16 - RegularALLEN COMMUNITY DEVELOPMENT CORPORATION
BOARD MEETING
MINUTES
NOVEMBER 16, 2009
Board or Directors:
Lee Howard, President
George Chrisman, Vice -President
Richard Kessler, Secretary
Ross Obenneyer
Lonnie Simmons
Lori Stilt
Cheryl Lawson
City Starr:
Peter H Vargas, City Manager
Brian Bristow, Assistant Director, Parks and Recreation Department
Kevin Hammeke, Director, Finance Department
Tina Burnside, Senior Administrative Assistant
1 1) Call to Order and Announce a Quorum is Present
With a quorum of the Community Development Corporation Board present, President Howard
called the Meeting to order at 7:00 p.m. on Monday, November 16, 2009, in the Council
Conference Room
2) Approve Minutes of the October 19, 2009, Meeting
Motion: Upon a motion by Board Member Stitt and a second by Board Member Simmons
the Board voted seven (7) for and none (0) opposed to approve the minutes from
the September 21, 2009, meeting. The motion carried.
3) Discuss Review and Update By-laws as Needed
Motion: Upon a motion by Board Member Chrisman and a second by Board Member
Simmons the Board voted seven (7) for and none (0) opposed to approve
amendments to the By-laws and submit to City Council for Approval. The motion
carried.
4) Approval of Payments to Coventry It/Trademark Montgomery Farms L.P. (Trademark)
from the CDC Fund pursuant to the Amended and Restated Project Reimbursement
Agreement Relating to the Garden District Parks within the Watters Creek
Development.
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Board Meeting
November 16, 2009
Motion: Upon a motion by Board Member Kessler and a second by Board Member Stitt
the Board voted seven (7) for and none (0) opposed to approve the payments to
Coventry II DDR/Trademark Montgomery Farm LY (Trademark) from the CDC
Fund in the amount of $165,819 and authorize City staff to make future payments
pursuant to the Amended and Restated Project Reimbursement Agreement with
Trademark. The motion carried.
5) Fund Transfer from Veterans Memorial to Bethany Lakes Pond Restoration
Motion: Upon a motion by Board Member Chrisman and a second by Board Member
Simmons the Board voted seven (7) for and none (0) opposed to approve the fund
transfer from the Veterans Memorial. The motion carried.
6) Motion to Cancel the December 21, 2009 Community Development Corporation Board
of Directors Meeting
Motion: Upon a motion by Board Member Stitt and a second by Board Member
Obermeyer the Board voted seven (7) for and none (0) opposed to cancel the
December 21, 2009, meeting. The motion carried
7) Other Business
a) Sales Tax Analysis
b) Balance Sheet
c) Discussion of Completed Approved Project Status Report
d) Discussion of Active Approved Project Status Report
e) Discussion of Project Status Report
• Update by Brian Bristow, Assistant Director of Parks & Recreation
o Update on 2010 Project Funding Schedule
o Construction Update
• Walden Park
• Celebration Park Phase 2
I) Discussion of Project Map
g) Items of Interest [Board announcements regarding local civic and charitable events,
meetings, fundraisers, and awards
1 Christmas Tree Lighting— December 4, 2009
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Board Meeting
November 16, 2009
• Rudolph Run — December 5, 2009
• Christmas Parade — December 6, 2009
• Boards and Commissions Dinner—December 11, 2009, Senior Center, 6:30 p.m.
• Next Meeting — January 18, 2010, 7:00 p.m.
• Community Calendar
8) Adjourn
Motion: Upon a motion by Board Member Chrisman and a second by Board Member
Simmons, the Board voted seven (7) for and none (0) opposed to adjourn the
meeting at 8:06 p.m. The motion carried.
These i . tes appro ped on the 18th day of January 2010.
�Tee Howard, PRESIDENT Richard Kessler SECRETARY
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