7:00 PM
JUNE 2006 IDC REGULAR MEEETING
REGULAR MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, JUNE 26, 2006 – 6:30 PM
RED OAK CITY HALL
200 LAKEVIEW PARKWAY
RED OAK, TEXAS
MINUTES
-
Call To Order - President Robnett called the meeting to order at 6:30 p.m.
Board Members Present:
Board Members Absent:
Jim Robnett, President
Ron Wilson, Vice President
Brian Smart, Secretary
Clint Byers, Treasurer
Chandra Patton, Member
Staff Present: Todd Fuller, Director of Economic Development
- NEW BUSINESS
A. Consideration of approving the minutes of the April 6, 2006 Special Meeting of the Red Oak Industrial Development Corporation.
Treasurer Byers made the motion, seconded by Member Patton to accept the minutes as read. The motion was unanimous.
B. Discussion with Stanley Restoration Company concerning the possible sale of a lot in the Red Oak Industrial Park for the relocation of their headquarters office.
Discussion concerning the possible sale of a lot in the Red Oak Industrial Park to Stanley Restoration Company for the relocation of their headquarters office. No action taken.
C. Consideration of approving the recommendation of the Broker Selection Committee to hire Paxson Glenn as the industrial broker representing the Red Oak Industrial Park.
Treasurer Byers made the motion, seconded by Member Patton to hire Paxson Glenn as the industrial broker representing the Red Oak Industrial Park with attorney approval, exclusions and for a twelve month period.
III. EXECUTIVE SESSION
Pursuant to Section §551.072 of the Texas Government Code (the “Act”), the Board reserves the right to convene in Executive Session(s), from time to time as deemed necessary during this meeting for any posted agenda item, to discuss the value of land as permitted by law.
Pursuant to Section §551.087 of the Texas Government Code (the “Act”), the Board reserves the right to convene in Executive Session (s), from time to time as deemed necessary during this meeting for any posted agenda item, to discuss the offer of financial incentives to business prospects as permitted by law.
In addition, the City Council will convene in Executive Session under Sections §551.072 and §551.087 of the Act for the following:
A. Discussion with Stanley Restoration Company concerning the possible sale of a lot in the Red Oak Industrial Park for the relocation of their headquarters office.
IV. STAFF COMMENTS AND REPORTS
A. Todd Fuller, Director of Economic Development – Update on budget, Wal-Mart, ICSC Convention, UDC revision and projects.
V. ADJOURNMENT
Member Patton made the motion, seconded by Treasurer Byers to adjourn the meeting at 7:37 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Brian Smart, Secretary
REGULAR MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, JUNE 26, 2006 – 6:30 PM
RED OAK CITY HALL
200 LAKEVIEW PARKWAY
RED OAK, TEXAS
MINUTES
-
Call To Order - President Robnett called the meeting to order at 6:30 p.m.
| Board Members Present: | Board Members Absent: |
|
Jim Robnett, President |
Ron Wilson, Vice President |
|
Brian Smart, Secretary |
Clint Byers, Treasurer |
|
Chandra Patton, Member |
|
| Staff Present: Todd Fuller, Director of Economic Development | |
- NEW BUSINESS
A. Consideration of approving the minutes of the April 6, 2006 Special Meeting of the Red Oak Industrial Development Corporation.
Treasurer Byers made the motion, seconded by Member Patton to accept the minutes as read. The motion was unanimous.
B. Discussion with Stanley Restoration Company concerning the possible sale of a lot in the Red Oak Industrial Park for the relocation of their headquarters office.
Discussion concerning the possible sale of a lot in the Red Oak Industrial Park to Stanley Restoration Company for the relocation of their headquarters office. No action taken.
C. Consideration of approving the recommendation of the Broker Selection Committee to hire Paxson Glenn as the industrial broker representing the Red Oak Industrial Park.
Treasurer Byers made the motion, seconded by Member Patton to hire Paxson Glenn as the industrial broker representing the Red Oak Industrial Park with attorney approval, exclusions and for a twelve month period.
III. EXECUTIVE SESSION
Pursuant to Section §551.072 of the Texas Government Code (the “Act”), the Board reserves the right to convene in Executive Session(s), from time to time as deemed necessary during this meeting for any posted agenda item, to discuss the value of land as permitted by law.
Pursuant to Section §551.087 of the Texas Government Code (the “Act”), the Board reserves the right to convene in Executive Session (s), from time to time as deemed necessary during this meeting for any posted agenda item, to discuss the offer of financial incentives to business prospects as permitted by law.
In addition, the City Council will convene in Executive Session under Sections §551.072 and §551.087 of the Act for the following:
A. Discussion with Stanley Restoration Company concerning the possible sale of a lot in the Red Oak Industrial Park for the relocation of their headquarters office.
IV. STAFF COMMENTS AND REPORTS
A. Todd Fuller, Director of Economic Development – Update on budget, Wal-Mart, ICSC Convention, UDC revision and projects.
V. ADJOURNMENT
Member Patton made the motion, seconded by Treasurer Byers to adjourn the meeting at 7:37 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Brian Smart, Secretary
