Min - Community Development Corporation - 2004 - 03/24 - RegularEs MINUTES
ALLEN COMMUNITY DEVELOPMENT CORPORATION BOARD
REGULAR MEETING
MARCH 24, 2004
BOARD MEMBERS PRESENT:
Lee Howard, Vice -President
Richard Kessler, Secretary
Debbie Stout, Councilmember
Sue Johnson
Lori Stitt
George Chrisman
STAFF PRESENT:
Peter H. Vargas, City Manager
Tim Dentler, Director, Parks and Recreation Department
Brian Bristow, Landscape Architect, Parks and Recreation Department
Kevin Hammeke, Finance Director
Cherlyn Morrison, Senior Administrative Assistant
1. CALL TO ORDER
Vice -President Lee Howard called the meeting to order at 7:00 p.m.
2. APPROVAL OF MINUTES FROM THE FEBRUARY 16, 2004, MEETING
MOTION: Upon a motion by Board Member Chrisman and a second by Board Member
Johnson, the Board voted six (6) for and none (0) opposed to approve the
minutes from the February 16, 2004, meeting. The motion carried.
3. CITIZENS' COMMENTS
None
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4. Town Hall Meeting — Proposals by Citizens Concerning Projects for 4B Sales Tax
Proceeds
5.
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• City Manager Peter Vargas gave a short presentation on 4B sales tax and what the
C.D.C. has done with the existing revenue generated by these funds.
• Sheila McKinney of Presbyterian Hospital of Allen proposed a $23 Million project
for the hospital that includes an office building that will be connected to the
hospital, an eight bed intensive care unit and five additional emergency treatment
rooms. She asked the C.D.C. to consider funding the project for $200,000 a year
for five years. She feels that the improvements to the hospital will generate new
jobs and make our community more appealing.
• City Manager Vargas was asked if this project fits the 4B criteria and his answer
was yes since it will create new jobs in the community The project will be
reviewed and considered by the C.D.C.
A. Revenue Report
Revenues from February were 4.6% above projection. Overall, we are doing well.
B. Balance Sheet
There were no questions on the Balance Sheet.
C. Current Project Status Report
There were no questions on the Status Report.
D. Items of Interest to the Board
• Collins Square Greenbelt Update
Board Member Debbie Stout asked if the funds for the Collin Square project
would be re -allocated because the original proposal was rejected by the residents.
Tim Dentler responded by saying that the funds will be considered for another
project but the City still has alternate plans for Collins Square.
• Next month the board will be hearing new project proposals from the City.
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• Calendar
➢ City Council Calendar
Y Next Regular Meeting— April 19, 2004, at 7:00 p.m.
6. ADJOURN
MOTION: Upon a motion by Board Member Johnson and a second by Board Member
Chrisman, the Board voted six (6) for and none (0) opposed to adjourn the
meeting of the Community Development Corporation at 7:28 p.m. The motion
carried.
These minutes approved on the 19th day of April, 2004.
ee Howard, VICE —PRESIDENT
Richard Kessler, SECRETARY