8:00 AM
JANUARY 2008 IDC SPECIAL MEETING
SPECIAL MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
TUESDAY, JANUARY 22, 2008 – 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 Present:
Jim Robnett, President
Chandra Patton, Member
Ron Wilson, Vice President
Clint Byers, Treasurer
Brian Smart, Secretary
Staff Present: Scott Albert, City Manager
II. NEW BUSINESS
A. Consideration of approving the minutes of the November 26, 2007, 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.
B. Consideration of excusing the absence of Brian Smart from the November 26, 2007, Regular Meeting of the Red Oak Industrial Development Corporation.
Vice President Wilson made the motion, seconded by Treasurer Byers to excuse the absence of Brian Smart from the November 26, 2007, Regular Meeting of the Red Oak Industrial Development Corporation. The motion was unanimous.
C. Consideration of approving an option agreement with Duke Realty for the sale of real property in the Red Oak Industrial Park.
Member Patton made the motion, seconded by Secretary Smart to approve an option agreement with Duke Realty for the sale of real property in the Red Oak Industrial Park with changes as discussed to sections 6, 13, and 29. The motion was unanimous.
D. Discussion and possible action concerning a counter offer from Joe Gardella for the sale of real property fronting Ovilla Road in the Red Oak Industrial Park.
Vice President Wilson made the motion, seconded by Secretary Smart to reject a counter offer from Joe Gardella for the sale of property in the Red Oak Industrial Park and to stay with the original counter proposal dated July 27, 2007. The motion was unanimous.
E. Consideration of approving an Amended Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation.
Vice President Wilson made the motion, seconded by Treasurer Byers to approve an Amended Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation. The motion carried 4-1 with President Robnett, Vice President Wilson, Treasurer Byers, and Member Patton voting in favor. Secretary Smart abstained from voting.
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. Consideration of approving an option agreement with Duke Realty for the sale of real property in the Red Oak Industrial Park.
B. Discussion and possible action concerning a counter offer from Joe Gardella for the sale of real property, fronting Ovilla Road in the Red Oak Industrial Park.
IV. STAFF COMMENTS AND REPORTS
A. Todd Fuller, Director of Economic Development – Update on projects.
V. ADJOURNMENT
Secretary Smart made the motion, seconded by Treasurer Byers to adjourn the meeting at 8:22 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Clint Byers, Treasurer
SPECIAL MEETING OF THE CITY OF RED OAK
INDUSTRIAL DEVELOPMENT CORPORATION
TUESDAY, JANUARY 22, 2008 – 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 Present: |
|
Jim Robnett, President |
Chandra Patton, Member |
|
Ron Wilson, Vice President |
|
|
Clint Byers, Treasurer |
|
|
Brian Smart, Secretary |
|
| Staff Present: Scott Albert, City Manager | |
II. NEW BUSINESS
A. Consideration of approving the minutes of the November 26, 2007, 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.
B. Consideration of excusing the absence of Brian Smart from the November 26, 2007, Regular Meeting of the Red Oak Industrial Development Corporation.
Vice President Wilson made the motion, seconded by Treasurer Byers to excuse the absence of Brian Smart from the November 26, 2007, Regular Meeting of the Red Oak Industrial Development Corporation. The motion was unanimous.
C. Consideration of approving an option agreement with Duke Realty for the sale of real property in the Red Oak Industrial Park.
Member Patton made the motion, seconded by Secretary Smart to approve an option agreement with Duke Realty for the sale of real property in the Red Oak Industrial Park with changes as discussed to sections 6, 13, and 29. The motion was unanimous.
D. Discussion and possible action concerning a counter offer from Joe Gardella for the sale of real property fronting Ovilla Road in the Red Oak Industrial Park.
Vice President Wilson made the motion, seconded by Secretary Smart to reject a counter offer from Joe Gardella for the sale of property in the Red Oak Industrial Park and to stay with the original counter proposal dated July 27, 2007. The motion was unanimous.
E. Consideration of approving an Amended Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation.
Vice President Wilson made the motion, seconded by Treasurer Byers to approve an Amended Fiscal Year 2008 Budget of the Red Oak Industrial Development Corporation. The motion carried 4-1 with President Robnett, Vice President Wilson, Treasurer Byers, and Member Patton voting in favor. Secretary Smart abstained from voting.
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. Consideration of approving an option agreement with Duke Realty for the sale of real property in the Red Oak Industrial Park.
B. Discussion and possible action concerning a counter offer from Joe Gardella for the sale of real property, fronting Ovilla Road in the Red Oak Industrial Park.
IV. STAFF COMMENTS AND REPORTS
A. Todd Fuller, Director of Economic Development – Update on projects.
V. ADJOURNMENT
Secretary Smart made the motion, seconded by Treasurer Byers to adjourn the meeting at 8:22 p.m. The motion was unanimous.
Submitted by: ________________________
Jim Robnett, President
Attested: _______________________________
Clint Byers, Treasurer
