7:00 PM
FEBRUARY 2007 IDC REGULAR MEEETING
REGULAR MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, FEBRUARY 26, 2007 – 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 6:39 p.m.
Board Members Present:
Board Members Present:
Jim Robnett, President
Brian Smart, Secretary
Ron Wilson, Vice President
Clint Byers, Treasurer
Chandra Patton, Member
Staff Present: Todd Fuller, Director of Economic Development
II. NEW BUSINESS
A. Consideration of approving the minutes of the January 22, 2007 Regular 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. Consideration of approving a waterline easement through the rail spur property in downtown Red Oak owned by the Red Oak Industrial Development Corporation for a mixed use project proposed by Jack Minyard.
Vice President Wilson made the motion, seconded by Member Patton to grant a waterline easement after a review has been made and approved by the City Attorney. The motion was unanimous.
C. Consideration of approving financial participation on the construction of a waterline to serve the rail spur property in downtown Red Oak owned by the Red Oak Industrial Development Corporation and a mixed use project proposed by Jack Minyard.
Treasurer Byers made the motion, seconded by Vice President Wilson to approve financial participation, with a $5,000.00 maximum excluding boring, on the construction of a waterline to serve the rail spur property in downtown Red Oak owned by the Red Oak Industrial Development Corporation and a mixed use project proposed by Jack Minyard. The motion was unanimous.
D. Consideration of approving the amendment of an existing contract with Ali Sharaf, dated March 8, 2004 for the reimbursement of $28,000 in costs associated with the construction of an access road for property being described as approximately 1,226 acres, described as Lot 1, Block A, S&H Business Park, Phase 4.
Member Patton made the motion, seconded by Vice President Wilson to approve the amendment of an existing contract with Ali Sharaf, dated March 8, 2004 for the reimbursement of $28,000 in costs associated with the construction of an access road for property being described as approximately 1,226 acres, described as Lot 1, Blcok A, S&H Business Park, Phase 4. The approval extends the contract one (1) year from today, with architectural approval, and stipulating completeness.
Board convened into Executive Session at 6:48 p.m.
III. EXECUTIVE SESSION
Pursuant to Section §551.071 of the Texas Government Code, the Board reserves the right to convene into Executive Session(s), from time to time as deemed necessary during the course of this meeting for any posted agenda item, to receive advice from its attorney as permitted by law.
In addition, the Board will convene in Executive Session under Section §551.071 of the Act for the following:
A. To receive advice from its attorney concerning property boundary issues for rail spur property owned by the Red Oak Industrial Development Corporation.
Board reconvened into Open Session at 7:50 p.m.
IV. STAFF COMMENTS AND REPORTS
A. Pax Glenn, Broker – Update on real estate activities concerning the Red Oak Industrial Park and introduction of Kurt Hefner with Duke Realty.
B. Todd Fuller, Director of Economic Development – Update on Red Oak Industrial Park infrastructure and Downtown Vision Plan.
IV. ADJOURNMENT
Vice President Wilson made the motion, seconded by Member Patton to adjourn the meeting at 8:23 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Ron Wilson, Vice President
REGULAR MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, FEBRUARY 26, 2007 – 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 6:39 p.m.
| Board Members Present: | Board Members Present: |
|
Jim Robnett, President |
Brian Smart, Secretary |
|
Ron Wilson, Vice President |
|
|
Clint Byers, Treasurer |
|
|
Chandra Patton, Member |
|
| Staff Present: Todd Fuller, Director of Economic Development | |
II. NEW BUSINESS
A. Consideration of approving the minutes of the January 22, 2007 Regular 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. Consideration of approving a waterline easement through the rail spur property in downtown Red Oak owned by the Red Oak Industrial Development Corporation for a mixed use project proposed by Jack Minyard.
Vice President Wilson made the motion, seconded by Member Patton to grant a waterline easement after a review has been made and approved by the City Attorney. The motion was unanimous.
C. Consideration of approving financial participation on the construction of a waterline to serve the rail spur property in downtown Red Oak owned by the Red Oak Industrial Development Corporation and a mixed use project proposed by Jack Minyard.
Treasurer Byers made the motion, seconded by Vice President Wilson to approve financial participation, with a $5,000.00 maximum excluding boring, on the construction of a waterline to serve the rail spur property in downtown Red Oak owned by the Red Oak Industrial Development Corporation and a mixed use project proposed by Jack Minyard. The motion was unanimous.
D. Consideration of approving the amendment of an existing contract with Ali Sharaf, dated March 8, 2004 for the reimbursement of $28,000 in costs associated with the construction of an access road for property being described as approximately 1,226 acres, described as Lot 1, Block A, S&H Business Park, Phase 4.
Member Patton made the motion, seconded by Vice President Wilson to approve the amendment of an existing contract with Ali Sharaf, dated March 8, 2004 for the reimbursement of $28,000 in costs associated with the construction of an access road for property being described as approximately 1,226 acres, described as Lot 1, Blcok A, S&H Business Park, Phase 4. The approval extends the contract one (1) year from today, with architectural approval, and stipulating completeness.
Board convened into Executive Session at 6:48 p.m.
III. EXECUTIVE SESSION
Pursuant to Section §551.071 of the Texas Government Code, the Board reserves the right to convene into Executive Session(s), from time to time as deemed necessary during the course of this meeting for any posted agenda item, to receive advice from its attorney as permitted by law.
In addition, the Board will convene in Executive Session under Section §551.071 of the Act for the following:
A. To receive advice from its attorney concerning property boundary issues for rail spur property owned by the Red Oak Industrial Development Corporation.
Board reconvened into Open Session at 7:50 p.m.
IV. STAFF COMMENTS AND REPORTS
A. Pax Glenn, Broker – Update on real estate activities concerning the Red Oak Industrial Park and introduction of Kurt Hefner with Duke Realty.
B. Todd Fuller, Director of Economic Development – Update on Red Oak Industrial Park infrastructure and Downtown Vision Plan.
IV. ADJOURNMENT
Vice President Wilson made the motion, seconded by Member Patton to adjourn the meeting at 8:23 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Ron Wilson, Vice President
