Min - Community Development Corporation - 2005 - 03/28 - RegularMINUTES
ALLEN COMMUNITY DEVELOPMENT CORPORATION BOARD
REGULAR MEETING
MARCH 28, 2005
BOARD MEMBERS PRESENT:
Lee Howard, President,
Sue Johnson, Vice -President
Richard Kessler, Secretary
Debbie Stout
George Chrisman
Lonnie Simmons
Lori Stitt
1. CALL TO ORDER
President Howard called the meeting to order at 7:00 p.m.
2. APPROVAL OF MINUTES FROM THE FEBRUARY 21, 2005, MEETING
MOTION: The Board voted seven (7) for and none (0) opposed to approve the minutes from the
February 21, 2005, meeting. The motion carred.
3. CITIZENS' COMMENTS
None
4. TOWN HALL MEETING: RECEIVE APPLICATIONS BY CITIZENS CONCERNING
PROJECTS FOR 4B SALES TAX PROCEEDS
City Manager Peter Vargas gave a short presentation on 4B sales not and what the CDC has
done with the existing revenue generated by these funds.
STAFF PRESENT:
Peter H. Vargas, City Manager
Tim Dentler, Director of Parks and Recreation Department
Kevin Hammeke, Director of Finance Department
Brian Bristow, Landscape Architect
Sally Rous, Senior Admmistrative Assistant
1. CALL TO ORDER
President Howard called the meeting to order at 7:00 p.m.
2. APPROVAL OF MINUTES FROM THE FEBRUARY 21, 2005, MEETING
MOTION: The Board voted seven (7) for and none (0) opposed to approve the minutes from the
February 21, 2005, meeting. The motion carred.
3. CITIZENS' COMMENTS
None
4. TOWN HALL MEETING: RECEIVE APPLICATIONS BY CITIZENS CONCERNING
PROJECTS FOR 4B SALES TAX PROCEEDS
City Manager Peter Vargas gave a short presentation on 4B sales not and what the CDC has
done with the existing revenue generated by these funds.
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Allen Community Development Corporation Board
March 28, 2005, Regular Meeting
Page 2
President Howard read a letter from a resident, Greg Hayes, requesting that CDC fund the
construction of city -owned tennis courts. In the letter, Mr. Hayes indicated that it would be
ideal to have the tennis courts located along Cedar Drive or at Celebration Park.
Paula Ross with the Heritage Guild proposed a project for $137,552 to complete The First
Christian Church. Ms. Ross is requesting that we fund the front driveway (a tum around),
build an ADA handicap ramp on the east side of the building, add a security system and
restore the interior of the building. Ms. Ross feels that funding this project will not only
serve the community but will also preserve The First Chnstian Church, a focal point of the
Village.
Brian Johnson proposed that the CDC Board provide funding to build one, maybe two, indoor
basketball courts at Joe Farmer Recreational Center Mr. Johnson's pnmary concern is the
long lines being encountered in the evening hours at the recreational center. Mr. Johnson
feels that providing additional courts would eliminate the long wait at the facility.
These projects will be reviewed and considered by the C.D.C. Board.
5. 4B SALES TAX PRESENTATION
• City Manager Peter Vargas gave a short presentation on 4B sales tax and what the CDC has
done with the existing revenue generated by these funds.
6. OTHER BUSINESS
A. Revenue Report
• Revenues from January 2005 were down by approximately 7% from the projected budget.
• Year-to-date revenues me below projections by about 6.25%.
B. Balance Sheet
The Board reviewed the Balance Sheet and noted that we are retaining our current trend of
maintaining $4,000,000 plus in the bank.
C. Current Project Status Report
The CDC Board reviewed the different projects and had a question as to the location of the
Service Club/Civic Monument Sign. Tim Den0er, Director of Parks and Recreation, reported
that the proposed location is the Ridgemont property which is the first piece of property in Allen
off of Ridgemont Drive.
D. DRAFT CALENDAR
• Tour of Projects in May
The CDC Board will review the projects that have been funded and/or are under
construction.
• Board Funding Decisions in June
The Board will £malize their decision on projects to be funded for the next fiscal year.
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Allen Community Development Corporation Board
March 28, 2005, Regular Meeting
Page 3
E. ITEMS OF INTEREST TO THE BOARD
• COMMUNITY CALENDAR
➢ Next Regular Meeting— April 18, 2005, at 7:00 p.m.
7. ADJOURN
MOTION: Upon a motion by Board Member Stitt and a second by Board Member Johnson, the
Board voted seven (7) for and none (0) opposed to adjourn the meeting at 7:30 p.m.
The motion carried.
These minutes approved on the 18th day of April, 2005.
Lee Howard, PRESIDENT
Richard Kessler, SECRETARY