12:00 PM
JULY 2007 IDC REGULAR MEEETING
REGULAR MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, JULY 23, 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 6:31 p.m.
Board Members Present:
Board Members Absent:
Jim Robnett, President
Clint Byers, Treasurer
Ron Wilson, Vice President
Brian Smart, Secretary
Chandra Patton, Member
Staff Present: Todd Fuller, Interim City Manager
II. NEW BUSINESS
A. Consideration of approving the minutes of the April 16, 2007 Special 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.
B. Consideration of approving an offer made by Joe Gardella to purchase approximately one (1) acre of land in the Red Oak Industrial Park.
Secretary Smart made the motion, seconded by Vice President Wilson to reject the offer made by Joe Gardella to purchase approximately one (1) acre of land at $3.00/sf with a utility easement credit of $1.5/sf (net purchase price of $1.50). The motion included a counter proposal of a minimum purchase price of one-half of the total tract (approximately 2 1/2 acres) with a selling price of $5.00/sf, and a discount of $2.50/sf for the utility easement. The motion was unanimous.
C. Consideration of approving a letter of understanding proposed by Duke Realty for a potential purchase of approximately fifty-five (55) acres in the Red Oak Industrial Park.
Vice President Wilson made the motion, seconded by Member Patton to accept a letter of understanding proposed by Duke Realty for a potential purchase of approximately fifty-five (55) acres in the Red Oak Industrial Park contingent upon attorney review and clarification. The motion was unanimous.
D. Consideration of granting a mutual access and landscaping easement to Barrand, Inc. through property owned by the Red Oak Industrial Development Corporation in downtown Red Oak.
Secretary Smart made the motion, seconded by Vice President Wilson to grant a mutual access and landscaping easement to Barrand, Inc. through the property owned by the Red Oak Industrial Development Corporation in downtown Red Oak as long as the documents show mutual access. The motion was unanimous.
E. Discussion concerning the preliminary Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation.
Discussion concerning the preliminary Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation. Discussion only. No action taken.
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.
In addition, the Board will convene in Executive Session under Section §551.072 of the Act for the following:
A. Discussion with Duke Realty concerning a possible land sale contract in the Red Oak Industrial Park.
B. Discussion concerning a possible access easement through property owned by the Red Oak Industrial Development Corporation in downtown Red Oak.
The Board did not convene into Open Session.
IV. STAFF COMMENTS AND REPORTS
A. Todd Fuller, Interim City Manager – Update on frontage property in the Red Oak Industrial Park and current staffing.
V. ADJOURNMENT
Vice President Wilson made the motion, seconded by President Robnett to adjourn the meeting at 7:34 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Clint Byers, Treasurer
REGULAR MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
MONDAY, JULY 23, 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 6:31 p.m.
| Board Members Present: | Board Members Absent: |
|
Jim Robnett, President |
Clint Byers, Treasurer |
|
Ron Wilson, Vice President |
|
|
Brian Smart, Secretary |
|
|
Chandra Patton, Member |
|
| Staff Present: Todd Fuller, Interim City Manager | |
II. NEW BUSINESS
A. Consideration of approving the minutes of the April 16, 2007 Special 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.
B. Consideration of approving an offer made by Joe Gardella to purchase approximately one (1) acre of land in the Red Oak Industrial Park.
Secretary Smart made the motion, seconded by Vice President Wilson to reject the offer made by Joe Gardella to purchase approximately one (1) acre of land at $3.00/sf with a utility easement credit of $1.5/sf (net purchase price of $1.50). The motion included a counter proposal of a minimum purchase price of one-half of the total tract (approximately 2 1/2 acres) with a selling price of $5.00/sf, and a discount of $2.50/sf for the utility easement. The motion was unanimous.
C. Consideration of approving a letter of understanding proposed by Duke Realty for a potential purchase of approximately fifty-five (55) acres in the Red Oak Industrial Park.
Vice President Wilson made the motion, seconded by Member Patton to accept a letter of understanding proposed by Duke Realty for a potential purchase of approximately fifty-five (55) acres in the Red Oak Industrial Park contingent upon attorney review and clarification. The motion was unanimous.
D. Consideration of granting a mutual access and landscaping easement to Barrand, Inc. through property owned by the Red Oak Industrial Development Corporation in downtown Red Oak.
Secretary Smart made the motion, seconded by Vice President Wilson to grant a mutual access and landscaping easement to Barrand, Inc. through the property owned by the Red Oak Industrial Development Corporation in downtown Red Oak as long as the documents show mutual access. The motion was unanimous.
E. Discussion concerning the preliminary Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation.
Discussion concerning the preliminary Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation. Discussion only. No action taken.
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.
In addition, the Board will convene in Executive Session under Section §551.072 of the Act for the following:
A. Discussion with Duke Realty concerning a possible land sale contract in the Red Oak Industrial Park.
B. Discussion concerning a possible access easement through property owned by the Red Oak Industrial Development Corporation in downtown Red Oak.
The Board did not convene into Open Session.
IV. STAFF COMMENTS AND REPORTS
A. Todd Fuller, Interim City Manager – Update on frontage property in the Red Oak Industrial Park and current staffing.
V. ADJOURNMENT
Vice President Wilson made the motion, seconded by President Robnett to adjourn the meeting at 7:34 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Clint Byers, Treasurer
