REGULAR MEETING OF THE CITY OF RED OAK

INDUSTRIAL DEVELOPMENT CORPORATION

MONDAY, AUGUST 28, 2006 – 6:30 PM

RED OAK CITY HALL

200 LAKEVIEW PARKWAY

RED OAK, TEXAS

MINUTES

1. Call To Order - President Robnett called the meeting to order at 6:33 p.m.

2. NEW BUSINESS
1. Consideration of approving the minutes of the July 24, 2006 Regular Meeting of the Red Oak Industrial Development Corporation.  Member Patton made the motion, seconded by Treasurer Byers to accept the minutes as read. The motion was unanimous.
    
2. Consideration of approving the absence of Treasurer Byers for the July 24, 2006 Regular Meeting of the Red Oak Industrial Development Corporation.  Vice President Wilson made the motion, seconded by Secretary Smart to approve the absence of Treasurer Byers for the July 24, 2006 Regular Meeting of the Red Oak Industrial Development Corporation. The motion was unanimous.  Treasurer Byers abstained from voting.
    
3. Discussion with C&P Engineering concerning engineering design plans for Ovilla Road frontage property in the Red Oak Industrial Park. Discussion with C&P Engineering concerning engineering design plans for Ovilla Road frontage property in the Red Oak Industrial Park.  Discussion only, no action taken.
    
4. Consideration of approving a plat and street name to be submitted to the Planning & Zoning Commission for the Stanley Restoration site in the Red Oak Industrial Park.  Secretary Smart made the motion, seconded by Vice President Wilson to approve the plat and street names of Bonham, Gonzales and Sequin to be submitted to the Planning & Zoning Commission for the Stanley Restoration site in the Red Oak Industrial Park.  The street names of Bonham, Gonzales and Seguin are to be used in that order based on availability. The motion was unanimous.
    
5. Discussion concerning the possible relocation of S.W.F.A. to the Red Oak Industrial Park.  Discussion concerning the possible relocation of S.W.F.A. to the Red Oak Industrial Park.  It was discussed that a business plan would be needed for realistic growth expectations.  No action taken.
    
6. Consideration of approving the Fiscal Year 2007 Budget of the Red Oak Industrial Development Corporation.  Secretary Smart made the motion, seconded by Member Patton to approve the Fiscal Year 2007 Budget of the Red Oak Industrial Development Corporation.  Secretary Smart complimented Staff for presenting an excellent budget for Fiscal Year 2007.  The motion was unanimous.
    
3. STAFF COMMENTS AND REPORTS
   
   1. Todd Fuller, Director of Economic Development – Update on Wal-Mart, UDC revision, Mike Rader industrial workshop and projects.
4. ADJOURNMENT Secretary Smart made the motion, seconded by Vice President Wilson to adjourn the meeting at 7:38 p.m. The motion was unanimous.

Submitted by: ________________________

Jim Robnett, President

Attested: _______________________________

Brian Smart, Secretary