REGULAR MEETING OF THE CITY OF RED OAK

INDUSTRIAL DEVELOPMENT CORPORATION

MONDAY, JANUARY 22, 2007 – 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 6:32 p.m.

2. NEW BUSINESS
1. Consideration of approving the minutes of the October 23, 2006 Regular Meeting of the Red Oak Industrial Development Corporation.  Vice President Wilson made the motion, seconded by Member Patton to accept the minutes as read. The motion was unanimous.
    
2. Discussion concerning a possible land sale to the Red Oak Police Department for possible expansion of parking. Discussion only concerning the possible sale of land to the Red Oak Police Department for possible expansion of parking.  In the discussion it was agreed that it would be acceptable for the Police Department to pay the original purchase price plus any interest that the Board has paid on the original land note. No action taken.
    
3. Consideration of approving a contract with Lamar for an existing billboard at the Northeast quadrant of I-35 and Wintergreen Road. Secretary Smart made the motion, seconded by Vice President Wilson to reject the approval of a contract with Lamar for an existing billboard at the Northeast quadrant of I-35 and Wintergreen Road.  The motion was unanimous.
   
    
3. STAFF COMMENTS AND REPORTS
   
   1. Pax Glenn, Broker - Update on real estate activities concerning the Red Oak Industrial Park.
   2. Todd Fuller, Director of Economic Development – Update on Loop 9, Wal-Mart, UDC revision, Downtown Vision Plan, Charlie’s Steakhouse and Red Oak Road improvements.
4. ADJOURNMENT Secretary Smart made the motion, seconded by Treasurer Byers to adjourn the meeting at 8:18 p.m. The motion was unanimous.

Submitted by: ________________________

Jim Robnett, President

Attested: _______________________________

Brian Smart, Secretary