SPECIAL MEETING OF THE CITY OF RED OAK

ECONOMIC DEVELOPMENT CORPORATION

TUESDAY, NOVEMBER 21, 2006 – 6:00 PM

RED OAK CITY HALL

200 LAKEVIEW PARKWAY

RED OAK, TEXAS

MINUTES

1. Call to Order - Patrick Pilarski called the meeting to order at 6:03 p.m.

2. NEW BUSINESS
1. Consideration of approving the minutes of the October 24, 2006, Regular Meeting of the Red Oak Economic Development Corporation.
   Member McDonnell made the motion, seconded by Member Reeder to accept the minutes as read. The motion was unanimous.
2. Consideration of approving a marketing expense for billboards along I-35 for the purpose of marketing the Downtown Red Oak area.
   Vice President Comer made the motion, seconded by Member McDonnell to approve a billboard as a marketing expense along I-35 for the purpose of marketing Downtown Red Oak area with Clear Channel Outdoor; billboard #6156, I-35 ES 0.8 miles north of Sterrett Rd. facing south; contract term of six months unless offered a 20% discount for a one year contract.  The motion was unanimous. 
3. Consideration of approving payment to Westland Properties, Inc. as per the existing Economic Development Agreement.  Member McDonnell made the motion, seconded by member Eldridge to approve a payment to Westland Properties, Inc. as per the existing Economic Development Agreement.  The motion was unanimous
    
3. STAFF COMMENTS AND REPORTS
   
   1. Todd Fuller, Director of Economic Development—Road Improvement Bond projects, Applebee’s, Broker Incentive Program and Downtown Vision Plan.
       
4. ADJOURNMENT
   Member Eldridge made the motion, seconded by Vice President Comer to adjourn the meeting at 6:55 p.m. The motion was unanimous.

Submitted by: __________________________

Patrick Pilarski, President

Attested:                                                

Dana Argumaniz, Economic Development

Administrative Assistant