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HomeMy WebLinkAboutMin - 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. Community Development Corporation Page 2 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 Community Development Corporation Page 3 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 U