HomeMy WebLinkAboutIDC 1999-12-13 Minutes
NORTH RICHLAND HILLS INDUSTRIAL DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
Monday, December 13, 1999
(Pre-Council Chambers, North Richland Hills City Hall)
MINUTES
Board Members Present:
Charles Brinkley
Robert Harrison
Don Ferguson
David Myers
Board Members Absent:
Bob Hamm
Clint Blackman
Richard Work
Staff/Guests Present:
Ted Brizzolara, III, McCall, Parkhurst, & Horton
Marty Wieder, City NRH
Larry Koonce, City NRH
Ashley Stathatos, City of NRH
Phyl Baloga, City of NRH
1. Charles Brinkley called the meeting to order at 1 :26 p.m.
2. Ted Brizzolara, the lawyer for Kimberly-Clark noted the reason for convening
this meeting was to consolidate the obligations of Tecnol Medical Products
and Tecnol Inc. Kimberly-Clark bought out Tecnol several years back and
now Kimberly-Clark has requested that the Assignment, Assumption, Consent
and Modification Agreement reflect their name on all bond debt information.
David Myers asked if everything was legal and in order? Ted assured them it
was and mentioned to the Board that a copy was sent to David Medanich at
First Southwest for his review.
Charles Brinkley asked if anyone had any questions. With no questions, Mr.
Brinkley asked for a motion on Item 2 on the agenda (Consider Resolution
pertaining to North Richland Hills Industrial Development Corporation
Variable Rate Demand Revenue Bonds [Tecnol, Inc. Project] Series 1989.)
Robert Harrison made a motion, Don Ferguson seconded and the item was
passed unanimously.
3. Charles Brinkley asked for a motion on Item 3 on the agenda (Authorize the
Execution and Delivery of an Assignment, Assumption, Consent and
2
Modification Agreement). Robert Harrison made a motion, Don Ferguson
seconded and the item was approved.
Having no further business, the meeting was adjourned at 1 :46 p.m.