4A Economic Development

Corporation

Minutes

Regular Session 5:30 p.m.

September 20, 2007

 

 

LEAD Technologies Inc. V1.01

 

 

 

 

 

4A Members Present:  L. O. Bentley (arrived 5:42), Robbie Allen, Gayle Luck, Brad Moravec

 

4A Members Absent:  None

 

City Staff Present:  Paulette Hartman, City Manager; Lawrence Robbins, Management Assistant

 

I.          Call To Order.

 

4A Chairperson Gayle Luck called the meeting to order at 5:39 p.m. 

 

II.        Consider Approval Of Minutes Of The 4A Economic Development       Corporation Board Meeting Held On August 14, 2007.

 

4A Board Member Allen made a motion to approve the minutes as submitted.  4A Board Member Moravec seconded the motion. 

Motion Carried - 3-0.  Absent:  Board Member Bentley (arrived at 5:42)

 

 

III.      4A Economic Development Corporation Board Items:  (Hartman)

 

            a.         Review and Discuss 4A Financial Reports.

 

Paulette Hartman, City Manager, presented this item. 

 

b.              Review and Discuss the status of development in the TIF district.

 

Paulette Hartman, City Manager, presented this item.

 

The regular meeting recessed and an executive session convened at 5:50 p.m.

 

V.            Executive Session - The 4B Economic Development Corporation Board shall convene in closed session in accordance with Texas Government Code Section       

 

¤551.072 to deliberate regarding the value and purchase of real property in Tax        Increment Financing District No. 1 also known as the Joshua Station Overlay             District.

 

¤551.087 to deliberate regarding economic development negotiations related

to incentives for a development project in Tax Increment Financing District

No. 1.

 

The executive session recessed and the regular session reconvened at 6:20 p.m

 

Member Moravec made a motion to approve the purchase of 14 acres of land.  Board Member Bentley seconded the motion.

Motion Carried - 4-0.

 

Member Moravec made a motion to approve the purchase of 14 acres of land according to the debt schedule presented by the City Manager.  Board Member Bentley seconded the motion.

Motion Carried - 4-0.

 

            c.         Discuss And Consider Budget Requests For The 2007/2008 Fiscal Year.

 

Paulette Hartman, City Manager, presented this item.  After discussion, Member Bentley made a motion to adopt the budget as presented.  Board Member Moravec seconded the motion.

Motion Carried - 4-0.

 

VI.          Future Agenda Items or Reports.

 

A request was made to report progress on the purchase of land.

 

 

VII.       Adjournment.

 

There being no further business the meeting adjourned at 6:25 p.m.

 

 

________________________________________

Gayle Luck, Chairperson

4A Economic Development Corporation Board

 

ATTEST:

 

 

_______________________________________
Lawrence Robbins, Management Assistant

City of Joshua