Min - Community Development Corporation - 2002 - 10/21 - RegularMINUTES
ALLEN COMMUNITY DEVELOPMENT CORPORATION BOARD
REGULAR MEETING
October 21, 2002
BOARD MEMBERS PRESENT:
Lee Howard, Vice -President
Barbara Peavy, Secretary
Debbie Stout, Councilmember
Richard Kessler
Lori Stitt
Sue Johnson
BOARD MEMBERS ABSENT:
Lonnie Thomas, President
STAFF PRESENT:
Peter H. Vargas, City Manager
Ginm Lawrence, Administrative Secretary
Kevin Hammeke, Director of Finance
1. CALL TO ORDER
Vice -President, Lee Howard called the meeting to order at 7:00 p.m.
2. APPROVAL OF MINUTES FROM THE SEPTEMBER 16, 2002, REGULAR
MEETING
MOTION: Motion by Lori Stitt to approve the minutes from September 16, 2002. Sue
Johnson seconded. The motion carried 6 for, and 0 against.
3. CITIZENS' COMMENTS
None
4. ELECTION OF OFFICERS — PRESIDENT, VICE-PRESIDENT AND SECRETARY
Vice -President Lee Howard opened the Floor for nominations. After some discussion, the
Board made the follow motion:
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ALLEN CDC MINUTES
OCTOBER 21, 2002
MOTION: Motion by Debbie Stout to nominate and appoint the same officers as last
year, Lonnie Thomas to the Office of President, Lee Howard to the Office of
Vice -President, and Barbara Peavy to the Office of Secretary. Lori Stitt
seconded. The motion carried 6 for, and 0 against.
5. PUBLIC HEARING:
A. Concerning the Corporation's Intent to Use Up to $44,500 of Sales Tax Revenue
for the Allen Independent School District's Family Literacy Program.
Vice -President Lee Howard opened the public hearing and with no one wishing to speak to the
issues, the public hearing was closed.
6. CONSIDER INTRODUCTION OF ITEMS ON FIRST READING:
Vice -President Lee Howard read the items for the first reading.
A. A Proposal to Authorize Up to $600,000 of Sales Tax Revenue toward the
Construction of the New Central Library.
B. A Proposal to Authorize Up to $50,000 of Sales Tax Revenue for the Establishment
of a Tree Farm.
C A Proposal to Authorize Up to $60,000 of Sales Tax Revenue for Mustang Creek
Channel Improvements, Phase II.
D A Proposal to Authorize Up to $8,000 of Sales Tax Revenue to Construct a Civic
Organization Monument Sign.
E. A Proposal to Authorize Up to $150,000 of Sales Tax Revenue for Allen Heritage
Guild Historic Village.
F A Proposal to Authorize Up to $700,000 of Sales Tax Revenue for Improvements to
Allen Drive.
G. A Proposal to Authorize Up to $150,000 of Sales Tax Revenue to Install an
Emergency Management Warning System.
MOTION: Motion by Sue Johnson to approve the items on first reading. Barbara Peavy
seconded. The motion carried 6 for, and 0 against
7. CONSIDER ADMENDMENTS TO ITEMS ON SECOND READING:
Vice -President Lee Howard read the items for the second reading.
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ALLEN CDC MINUTES
OCTOBER 21, 2002
A. A Resolution Authorizing Up to $600,000 of Sales Tax Revenue toward the
Construction of the New Central Library.
B. A Resolution Authorizing Up to $50,000 of Sales Tax Revenue for the Establishment
of a Tree Farm.
C. A Resolution Authorizing Up to $60,000 of Sales Tax Revenue for Mustang Creek
Channel Improvements, Phase II.
D. A Resolution Authorizing Up to $8,000 of Sales Tax Revenue to Construct a Civic
Organization Monument Sign.
E. A Resolution Authorizing Up to $150,000 of Sales Tax Revenue for Allen Heritage
Guild Historic Village,
F A Resolution Authorizing Up to $700,000 of Sales Tax Revenue for Improvements to
Allen Drive.
G. A Resolution Authorizing Up to $150,000 of Sales Tax Revenue to Install an
Emergency Management Warning System.
MOTION: Motion by Sue Johnson to approve the items on second reading. Barbara
Peavy seconded. The motion carried 6 for, and 0 against
8. APPROVE TIMELINE FOR FISCAL YEAR 2002-2003 PROJECTS
Mr. Vargas explained the funding schedule for the 2002-2003 approved projects.
9. CONSIDER A RESOLUTION ADOPTING AN OPERATING BUDGET FOR
FISCAL YEAR 2002-2003
Vice -President Lee Howard opened this item for discussion. Mr. Vargas fielded several
questions regarding the operating budget and then the Board made the following motion:
MOTION: Lori Stitt made a motion to adopt the budget for fiscal year 2002-2003. Sue
Johnson seconded The motion carried 6 for, and 0 against
10. OTHER BUSINESS
A. Revenue Report
There were no questions on the revenue report.
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ALLEN CDC MINUTES
OCTOBER 21, 2002
B. Balance Sheet
There were no questions on the balance sheet.
C. Current Project Status Report
There were no questions on the Project Status Report.
D. Items of Interest to the Board
Calendar:
�, City Council Calendar
Next Regular Meeting November 18, 2002, at 7:00 p.m. in the Allen City Hall
Council Conference Room located at One Allen Civic Plaza, 305 Century
Parkway.
Y Boards and Commissions Appreciation Dinner December 12, 2002 at the New
Hilton Garden Inn.
11. ADJOURN
There being no further business, the Board made the following motion:
MOTION: Motion by Debbie Stout to adjourn the meeting. Sue Johnson seconded. The
motion carried 6 for, and 0 against. The meeting was adjourned at 7-44 p.m.
These minutes read and approved this 18`h day of November, 2002.
i
Lonnie Thomas, PRESIDENT
Barbara Peavy, SEC14ptTARY
RESOLUTION NO. 85 -CDC -02
A RESOLUTION OF THE ALLEN COMMUNITY DEVELOPMENT
CORPORATION, COLLIN COUNTY, TEXAS, AMENDING THE
APPROPRIATIONS FOR THE 2001-2002 FISCAL YEAR BUDGET AND
APPROVING AND ADOPTING THE BUDGET AND SETTING
APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2002, AND TERMINATING SEPTEMBER 30,2003; AND PROVIDING FOR
AN EFFECTIVE DATE.
WHEREAS, the Board of Directors of the Allen Community Development Corporation, upon full
consideration of the matter, is of the opinion that the budget hereinafter set forth is proper and should
be approved and adopted;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
ALLEN COMMUNITY DEVELOPMENT CORPORATION, THAT:
SECTION 1. Subject to the applicable provisions of the state law, the Allen Community
Development Corporation 2002-2003 Operating Budget, with appropriations set therein (a copy of
which is attached hereto as Exhibit "A" and made part hereof for all purposes), for the fiscal year
beginning October 1, 2002, and terminating September 30, 2003, and amendments to the
appropriations for the 2001-02 fiscal year budget as filed and submitted by City of Allen staff, and
adjusted by the Board of Directors, containing estimates of resources and revenues for the year from
all of the various sources, and the projects, operations, activities and purchases proposed to be
undertaken during the year, together with the estimated costs thereof, and estimated amounts of all
other proposed expenditures, is hereby approved and adopted.
SECTION 2. This resolution shall be in effect from and after its adoption.
DULY PASSED AND APPROVED BY THE BOARD OF DIRECTORS OF THE ALLEN
COMMUNITY DEVELOPMENT CORPORATION, TEXAS, ON THE 21TH DAY OF
OCTOBER, 2002.
APPRO ED:
t
Le6 Howard, VICE PRESIDENT
ATTEST:
Barbara Peary, SECRET