HomeMy WebLinkAboutPRFD 1992-11-23 Minutes
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MINUTES OF THE NORTH RICHLAND HILLS PARK AND
RECREATION FACILITIES DEVELOPMENT CORPORATION
HELD IN THE CITY HALL, 7301 NORTHEAST LOOP 820 -
NOVEMBER 23, 1992, 7:00 P.M.
The meeting of the North Richland Hills Park and Recreation Facilities Development
Corporation was called to order at 7:00 p.m. at the City Hall, 7301 Northeast Loop 820,
North Richland Hills, Texas 76180.
PRESENT:
BOARD OF DIRECTORS:
Byron Sibbet
Ray Oujesky
Jo Ann Johnson
Linda Spurlock
Dennis Stout
Larry Bracke
Chairman, Mayor Pro Tern
Councilmember
Councilmember
Councilmember
Citizenmember
Citizenmember
OFFICERS:
Rodger N. Line
Dennis Horvath
Lee Maness
Jeanette Rewis
Rex McEntire
President
Vice President
Treasurer
Secretary
Attorney
ABSENT:
Don Tipps
Citizenmember /Board of Director
CALL TO ORDER
The Chairman called the meeting to order November 23, 1992 at 7:00 p.m.
1.
APPROVAL OF MINUTES OF THE OCTOBER 27, 1992 MEETING
APPROVED
Councilman Oujesky moved, seconded by Mr. Stout to approve the minutes of the October
27, 1992 meeting.
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November 23, 1992
Page 2
Motion carried 4-0; Councilwomen Johnson and Spurlock abstaining due to absence from
the meeting.
2.
APPROVAL OF CORPORATE SEAL AND
APPOINT ASSISTANT CORPORATION SECRETARY
APPROVED
Councilman Oujesky moved, seconded by Councilwoman Johnson, to approve the Corporate
Seal and the appointment of Patricia Hutson as Assistant Corporation Secretary.
Motion carried 6-0.
3.
CONSIDER AND APPROVE ADVISORY CONTRACT
WITH FIRST SOUTHWEST CO.
APPROVED
Councilwoman Johnson moved, seconded by Councilman Oujesky, to approve the advisory
contract with First Southwest Company.
Motion carried 6-0.
4.
ACCEPT BID ON $7,500,000 NORTH RICHLAND HILLS
PARK AND RECREATION FACILITIES CORPORATION
SALES TAX REVENUE BONDS, SERIES 1992
APPROVED
Mr. Harold McInroe, representing First Southwest, advised the Corporation that Merrill
Lynch & Co had the bid of $5,731,007.96 with effective interest rate of 6.1024%.
Councilwoman Johnson moved, seconded by Councilwoman Spurlock, to accept the bid of
Merrill Lynch & Co.
Motion carried 6-0.
November 23, 1992
Page 3
5.
CONSIDER AND APPROVE RESOLUTION NO. 92-54 AUTHORIZING
ISSUANCE OF SAID $7,500,000 SALES TAX REVENUE BONDS
APPROVED
Councilwoman Spurlock moved, seconded by Councilwoman Johnson, to approve Resolution
No. 92-54.
Motion carried 6-0.
6.
CONSIDER AND APPROVE RESOLUTION NO. 92-55
APPROVING PAYING AGENT/REGISTRAR AGREEMENT
APPROVED
Councilwoman Johnson moved, seconded by Councilman Oujesky, to approve Resolution
No. 92-55.
Motion carried 6-0.
7.
RECESS FOR CITY COUNCIL MEETING
Chairman Sibbet recessed the meeting for the City Council meeting.
8.
RECONVENE IMMEDIATELY FOLLOWING CITY COUNCIL MEETING
Chairman Sibbet called the meeting back to order with the same Corporation members
present as recorded.
9.
TAKE ANY ACTION NECESSARY IN CONNECTION
WITH THE ISSUANCE OF THE 1992 SERIES OF SALES TAX REVENUE BONDS
($7,500,000)
No action needed.
10.
ADJOURNMENT
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Chairman Sibbet adjourned the meeting.
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Byron ~t - Chairman
November 23, 1992
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