HomeMy WebLinkAboutPRFD 1994-07-11 Minutes
MINUTES OF THE NORTH RICHLAND HILLS PARK AND
RECREATION FACILITIES DEVELOPMENT CORPORATION
HELD IN THE CITY HALL, 7301 NORTHEAST LOOP 820 -
JULY 11, 1994,5:30 P.M.
CALL TO ORDER
The Chairman called the meeting to order July 11, 1994 at 5:30 p.m.
ROLL CALL
PRESENT:
BOARD OF DIRECTORS:
Tommy Brown
Mark Wood
Jo Ann Johnson
Larry Bracke
Chairman/Mayor
Councilmember/Mayor Pro Tem
Councilmember
Citizenmember
OFFICERS:
Rodger N. Line
c.A. Sanford
Larry Cunningham
Patricia Hutson
Rex McEntire
President
Vice President
Treasurer
Assistant Secretary
Attorney
ABSENT:
Linda Spurlock
Dennis Stout
Don Tipps
Randy Shiflet
Jeanette Rewis
Councilmember
Citizenmember
Citizenmember
Vice President
Secretary
1.
APPROVAL OF MINUTES OF THE MAY 23, 1994 MEETING
APPROVED
Councilwoman Johnson moved, seconded by Mr. Bracke, to approve the minutes of the May 23,
1994 meeting.
Motion carried 4-0.
2.
FDC 94-04 PUBLIC HEARING ON PROJECTS
TO BE IMPLEMENTED ON CONJUNCTION WITH
1994 PARK REVENUE SALES TAX BOND PROCEEDS
July 11, 1994
Page 2
Mayor Brown opened the Public Hearing and called for anyone wishing to speak to come forward.
There being no one wishing to speak Mayor Brown closed the Public Hearing.
Mr. David Medanich, Financial Advisor, First Southwest Company, advised that all bids were in
accordance with the bid specifications and First Southwest Company was low bidder at
$2,858,462.50, effective interest rate 6.124949 percent.
3.
FDC 94-05 APPROVE BID FOR THE SALE OF $3,895,000
IN SALES TAX REVENUE BONDS, SERIES 1994 FOR
PARKS AND RECREATIONAL PROJECTS AS EVALUATED AND
RECOMMENDED BY FIRST SOUTHWEST COMPANY
APPROVED
Councilwoman Johnson moved, seconded by Mayor Pro Tern Wood, to approve FDC 94-05.
Motion carried 4-0.
4.
FDC 94-06 CONSIDERATION OF ALL MATTERS
PERTAINING TO THE AWARD AND SALE OF
$3,895,000 IN SALES TAX REVENUE BONDS, SERIES 1994
FOR PARKS AND RECREATIONAL PROJECTS -
RESOLUTION NO. 94-02
APPROVED
Councilwoman Johnson moved, seconded by l\1ayor Pro Tern Wood, to approve Resolution No. 94-
02.
Motion carried 4-0.
ADJOURNMENT
Mayor Brown adjourned the meeting.
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Patricia Hutson - Assistant Secretary
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Tommy Brown - airman