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HomeMy WebLinkAboutMin - Community Development Corporation - 1999 - 03/22 - RegularLMINUTES ALLEN COMMUNITY DEVELOPMENT CORPORTATION BOARD REGULAR MEETING MARCH 22, 1999 BOARD MEMBERS PRESENT: Debbie Stout, Chairperson Claudia Kelley, Secretary Robin Sedlacek Carl Clemencich, Vice -Chairman Bob Morris Lonnie Thomas BOARD MEMBERS ABSENT None STAFF PRESENT: Michael Stanger, Assistant City Manager Ann Maas, Administrative Secretary Larry Kirk, Athletic Superintendent Don Horton, Director of Parks and Recreation Mike Stephens, Police Captain Ken Lindsey, Assistant Fire Chief Ron Gentry, Fire Chief Bill Petty, Director Community Development Sid Hudson, IT Manager GUESTS PRESENT: Ed Esquivel, Fulbright & Jaworski Dan Almon, Southwest Securities, Inc. Lee Howard, Leadership Allen Class X Rob Dillard, Legal Counsel for CDC I. CALL TO ORDER Chair, Debbie Stout called the meeting to order at 7:00 p.m. II. APPROVAL OF MINUTES FROM THE FEBRUARY 15, 1999, REGULAR MEETING PAGE ALLEN CDC MINUTES MARCH 22, 1999 MOTION: Motion by Robin Sedlacek to approve the minutes from February 15, 1999 Claudia Kelley seconded, and the motion carried 6 for, and 0 against. III. CITIZENS' COMMENTS None. IV. PUBLIC HEARING: A. Concerning the Corporation's Intent to Use Up to $5.125 Million to Fund Parkland Acquisition. B. Concerning the Corporation's Intent to Use Up to $140,000 of Sales Tax Revenue for Allen Arts Alliance Projects. Chair, Debbie Stout opened the public hearing and with no one wishing to speak to these issues the public hearing was closed. V. Consider All Matters Incident and Related to the Issuance and Sale of $5,125,000 Sales Tax Revenue Bonds, Series 1999, Including the Receipt of Bids Therefor and the Adoption of a Resolution Pertaining Thereto. Chair, Debbie Stout opened the three bids received and Dan Almon read them for the record with the following results: Bidder Net or Effective Rate Prudential 4.9630% Samco Capital Markets 4.95040% Dain Rauscher, Inc. ETAL 4.89485% Mr. Almon reported to the Board that the bid by Dain Rauscher Inc. was the best rate and the Board made the following motions: MOTION 1: Motion by Robin Sedlacek to accept the Dain Rauscher Inc. bid at 4.89485% Claudia Kelley seconded, and the motion carried 6 for, and 0 against. MOTION 2: Motion by Bob Morris to adopt the resolution. Carl Clemencich L seconded, and the motion carried 6 for, and 0 against. PAGE ALLEN CDC MINUTES MARCH 22. 1999 Mr. Esquivel and Mr Almon then left the meeting. VI. APPROVE CONSIDERATION OF PROJECT ON FIRST READING: • A Proposal to Authorize Up to $200,000 of Sales Tax Revenue for Public Art at City Hall Plaza. Don Horton advised that David Baldwin is the Architect, and Brad Goldberg is the Artist for this project. This is a unique concept in that the landscape is the art project. The following is a list of some of the items included in this project: • A 12 to 15 -ft tall water vessel. • A native stone wall and/or a walkway will act as a break between the plaza and McDermott. • Hand cut limestone rocks will be located throughout the landscaping within the plaza. Mr Horton advised the total cost for the landscape art project is $1.16 million. and $500,000 of that will come from the city hall bond funds. Mr Horton then gave a list of other projects Mr Goldberg has worked on: • Pegasus Plaza in Dallas. • The Mobile Building Plaza. • Dallas Arboretum. Several questions arose about the high cost of the limestone and after discussion it was decided Mr Goldberg would be invited to next month's meeting. The Board then made the following motion: MOTION: Motion by Claudia Kelley to approve the proposal on first reading. Robin Sedlacek seconded, and the motion carried 5 for, and 1 against. VII. CONSIDER AMENDMENTS TO PROJECTS ON SECOND READING: A. A Resolution Authorizing Up to $10,000 of Sales Tax Revenue to Sponsor a Texas Amateur Athletic Federation Softball Tournament. Larry Kirk provided an update on this project and requested a copy of the CDC logo for sponsorship recognition. Michael Stanger advised he is working on the logo and will try to have something for the Board to review next month. There being no further discussion the Board made the following motion: MOTION: Motion by Robin Sedlacek to approve this resolution on second reading. Carl Clemencich seconded, and the motion carried 6 for, and 0 against. PAGE ALLEN CDC MINUTES MARCH 22, 1999 B. A Resolution Authorizing Up to $240,000 of Sales Tax Revenue for the Allen Station Heritage Center. Lee Howard presented an updated proposal and plans on the Allen Station Heritage Center The architect who designed the Center is Joe Barton King and William Welch Contractors provided a new cost estimate of $280,000. This estimate is based on a 2100 square feet building with a 12 -space parking lot. Don Horton reviewed where this would be located within Allen Station Park phase II. Claudia Kelley had reservations about the timing of the construction of this project and wondered whether perhaps this project should wait until the location within the park is further along in its development. Mr. Horton advised this could be a stand-alone facility, construction could begin in 6 to 7 months and it would add value to the park. After discussion the Board decided to make the following motion: MOTION: Motion by Bob Morris to amend the amount to $280,000 and move this project on to third reading. Robin Sedlacek seconded, and the motion carried 5 for, and 1 against. VIII. CONSIDER FINAL AUTHORIZATION OF ITEMS ON THIRD READING: A. A Resolution Authorizing Up to $10,000 of Sales Tax Revenue to Sponsor a Texas Amateur Athletic Federation Softball Tournament. There was no further discussion on this item. The Board made the following motion: MOTION: Motion by Bob Morris to approve the resolution on third reading. Robin Sedlacek seconded, and the motion carried 6 for, and 0 against. B. A Resolution Authorizing Up to $280,000 of Sales Tax Revenue for the Allen Station Heritage Center. There was no further discussion on this item. The Board made the following motion: MOTION: Motion by Bob Morris to approve on third reading. Carl Clemencich seconded, and the motion carried 5 for, and 1 against. PAGES ALLEN CDC MINUTES MARCH 22, 1999 IX. OTHER BUSINESS A. Discuss Items Related to New Five -Year Work Program. 1. Report: City's Capital Improvements Program. Bill Petty handed out a five-year summary sheet of items to be included in the bond package and a list of projects considered worthy but not included in the bond package. Mr. Petty then gave an update and overview on the process used to arrive at the CIP projects, which will be included in the bond election set for June 12, 1999 After reviewing the list of items not included in the bond package the Board made the following comments: • Some members of the Board would like to see the Water Park come to pass, but not until some time in the future. • There were lots of positive comments about the need for a tree faun There being no further questions or comments Mr. Petty left the meeting. Robin Sedlacek excused herself and left the meeting at 8:30 p.m. 2. Reminder: 4B -Eligible Projects. Rob Dillard reviewed the criteria for project eligibility and advised the Board should observe the following: • Cannot make loans. • Cannot build outside the city limits. • Spending must benefit the city directly or indirectly Mr. Dillard was requested to speak about how to undo authorization of a project if the funds are not used. Mr. Dillard advised the Board all they have to do is process a resolution to withdraw the project and a public hearing is not necessary 3. Criteria for Proposal Evaluations. Michael Stanger reviewed selection criteria included in the agenda packet. The Board agreed this was a good list and will be applied to both citizens and staff. B. Update: Delay in Shopping Mall Project. PAGE 6 ALLEN CDC MINUTES MARCH 22, 1999 Michael Stanger advised this project has been delayed, the closing date for the property is now in October, and therefore this will come before the Board for the second reading sometime around September. After discussion the Board advised they want more specifics on how this money will be spent and even questioned whether this was eligible for consideration given what Mr Dillard had to say about project eligibility If this is found to be eligible then the Board questions why the AFDC does not approve and handle this themselves. Mr. Stanger requested Mr. Dillard get with Pete Smith on this and advise Board on how to handle this. C. Revenue Report. No Comments. D. Current Project Status Report. • Presentation: Thermal Image Cameras. Members of the Allen Fire Department brought a unit for the Board to try out and see what an asset these units are to the firefighter, the city and its' citizens. EThe Board was duly impressed. E. Items of Interest to the Board. • Update: Public Safety MDC Project. Michael Stanger advised this project is one that has been approved on first reading in the past and will go on the next agenda for second reading. Staff has been awaiting an updated quote and it now looks as though the figure will be revised from $550,000 to $600,000 F. Calendar • Next regularly scheduled meeting will be April 19, 1999, at 7:00pm in Allen Public Library Council Chambers, located at #2 Allen Civic Plaza. X. EXECUTIVE SESSION: The Board decided there was no need to hold an executive session. XI. Reconvene and Consider Action on Items Discussed in Executive Session. • Authorize Execution of a Contract for Purchase of Parkland. Ii 11 I PAGE ALLEN CDC MINUTES MARCH 22, 1999 Executive session was not held, therefore; Board continued with discussion on parkland purchase. After discussion the Board made the following motion: MOTION: Motion by Claudia Kelley to authorize execution of the contract. Cut Clemencich seconded, and the motion carried 5 for, and 0 against. XII. ADJOURN. There being no further business, the meeting was adjourned at 9:10pm. These minutes read and approved this 19" day of April, 1999 44 Debbid Stout, Chairman Claudia Kelley, Secretary RESOLUTION NO. 35 -CDC -99 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION, COLLIN COUNTY, TEXAS, TO REPEAL RESOLUTION 6 -CDC -97 WHICH AUTHORIZED THE USE OF THE PROCEEDS OF THE CORPORATION'S SALES TAX REVENUE FOR A PROJECT COMPRISING THE NEW CONSTRUCTION OF SIDEWALKS ALONG RESIDENTIAL STREETS: AND CANCEL THE PROJECT. WHEREAS, at a regularly scheduled meeting of the Board of Directors of the Allen Community Development Corporation, with a quorum of said Board in attendance, it was proposed that the Corporation repeal a resolution which provides funds for constructing new sidewalks along residential streets ("the Project"); and WHEREAS, the Board of Directors finds in its discretion that such a repeal is necessary since no applications have been received for use of these funds; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION, COLLIN COUNTY, TEXAS, THAT: SECTION 1. The Allen Community Development Corporation hereby repeals Resolution 6 -CDC -97, which authorized the use of proceeds from the Corporation's sales tax revenue to construct sidewalks along residential streets, and cancels the project. SECTION 2. The sum of $250,000 appropriated for the project is ordered transferred to the CDC Reserve. SECTION 3. The Board finds that notice and a public hearing are not necessary for cancellation of the project DULY PASSED AND APPROVED BY THE BOARD OF DIRECTORS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION, COLLIN COUNTY, TEXAS, ON THIS THE 19TH DAY OF APRIL, 1999. Al PR D: LCG bbie Stout, CHAIRPERSON ATTEST: Claudia Kelley, SECRETARY RESOLUTION NO. 36 -CDC -99 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION, COLLIN COUNTY, TEXAS, AUTHORIZING THE USE OF THE PROCEEDS OF THE CORPORATION'S SALES TAX REVENUE FOR A PROJECT COMPRISING THE PURCHASE OF PUBLIC SAFETY MOBILE DATA COMPUTERS; DIRECTING THE PUBLICATION OF NOTICE ON THE PROJECT; AND SCHEDULING A PUBLIC HEARING. WHEREAS, at a regularly scheduled meeting of the Board of Directors of the Allen Community Development Corporation, with a quorum of said Board in attendance, it was proposed that the Corporation provide for the purchase of public safety mobile data computers for the City of Allen Fire and Police Departments, contingent on the City adopting maintenance costs in the new budget ("the Project"); and WHEREAS, the Board of Directors has determined that the Project is public safety equipment that would promote or develop new or expanded business enterprises; and WHEREAS, the Board finds that such a Project is a project authorized by Section 4B, Article 5190.6, Vernon's Texas Civil Statutes, as amended; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION, COLLIN COUNTY, TEXAS, THAT: SECTION 1. The Allen Community Development Corporation shall use up to $603,000 in proceeds from the Corporation's sales tax revenue to purchase public safety mobile data computers for the City of Allen Fire and Police Departments. SECTION 2. The Board hereby advises the City Council that the Board intends not to fund maintenance or operating costs for said mobile data computers, and further advises that the City should provide maintenance and operating expenses from sources other than 4B sales taxes. SECTION 3. Public notice shall be given as required by law and a public hearing conducted on the 21" day of June. 1999, to receive comments for or against the project. PASSED on the first reading by the Board of Directors of the Allen Community Development Corporation, Collin County, Texas, on the 16' day of November, 1998. PASSED on the second reading by the Board of Directors of the Allen Community Development Corporation. Collin County, Texas, on the 19' day of April, 1999 PASSED on the third reading by the Board of Directors of the Allen Community Development Corporation, Collin County, Texas, on the 17" day of May, 1999 DULY PASSED AND APPROVED BY THE BOARD OF DIRECTORS OF THE ALLEN COMMUNITY DEVELOPMENT CORPORATION, COLLIN COUNTY, TEXAS, ON THIS THE 17TH DAY OF MAY, 1999. APPROVED: Debbie Stout, CHAIRPERSON ATTEST: 0 P W'JI A . 0'0 Claudia Kelley, SECRETARY Resolution No. 36 -CDC -99 Page 2