Min - Community Development Corporation - 2005 - 05/16 - RegularH
MINUTES
ALLEN COMMUNITY DEVELOPMENT CORPORATION BOARD
REGULAR MEETING
MAY 16, 2005
BOARD MEMBERS PRESENT:
Lee Howard, President,
Sue Johnson, Vice -President
Richard Kessler, Secretary
Debbie Stout
George Christian
Lonnie Simmons
Lori Stitt - Absent
STAFF PRESENT:
Peter H. Vargas, City Manager
Tim Dentler, Director of Parks and Recreation Department
Brian Bristow, Landscape Architect
Kevin Hammeke, Director of Finance Department
Teresa Warren, Public & Media Relations Officer
Jon Amundson, Management Intem
Sally Rojas, Senior Administrative Assistant
1. CALL TO ORDER
President Howard called the meeting to order at 5:57 p.m.
2. APPROVAL OF MINUTES FROM THE APRIL 18, 2005, MEETING
MOTION: The Board voted six (6) for and none (0) opposed to approve the minutes from the
April 18, 2005, meeting. The motion carried.
3. CITIZENS' COMMENTS
None
1 4. OTHER BUSINESS
Allen Community Development Corporation Board
May 16, 2005, Regular Meeting
Page 2
® A. Revenue Report
• Revenues from March 2005 were down by approximately 4% from the projected budget.
• Year-to-date revenues are below projections by about 5%.
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
There were no questions on the Status Report.
D. DRAFT CALENDAR
• Board Funding Decisions — June 20, 2005
E. ITEMS OF INTEREST TO THE BOARD
• COMMUNITY CALENDAR
Y Next Regular Meeting— Monday, June 20, 2005 at 7:00 p.m.
5. TOUR OF PROJECTS
The CDC Board visited many of the proposed project locations.
6. ADJOURN
MOTION: Upon a motion by Board Member Johnson and a second by Board Member Simmons,
the Board voted six (6) for and none (0) opposed to adjourn the meeting at 8:30 p.m.
The motion earned.
These minutes approved on the 20th day of June, 2005
Lee Howard, PRESIDENT Richard Kessler, SECRETARY