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HomeMy WebLinkAbout01-08-96 TC Min107 WESTLAKE DEVELOPMENT CORPORATION MINUTES OF INITIAL MEETING OF THE BOARD OF DIRECTORS JANUARY 8,1996 Present: Dale White Fred Held Abe Bush, Jr. Howard Dudley Carroll Huntress Scott Bradley Paul Isham Absent: Roland Arthur The meeting was called to order at 6:35 p.m. by the Town Attorney Paul Isham. Item 41: Appoint a temporary president. Dale White was nominated by Scott Bradley, seconded by Fred Held. Mr. White was elected unanimously. Item #2: After much discussion and some amendments to the draft of the bylaws circulated to the Directors, Scott Bradley moved to adopt the bylaws for the Corporation as amended. Seconded by Dale White. Motion carried unanimously. The Board considered Item #4 before Item #3. Item #4: Motion by Abe Bush, Jr., seconded by Howard Dudley, to designate the Town Secretary and the Town Attorney to serve in the same capacity for the Corporation. Motion carried unanimously. Item 43: Fred Held was nominated by Carroll Huntress, seconded by Abe Bush, Jr., to serve as Vice President. Mr. Held was elected unanimously. Carroll Huntress was nominated by Scott Bradley, seconded by Dale White, to serve as Treasurer. Mr. Huntress was elected unanimously. Item #5: Motion by Scott Bradley, seconded by Carroll Huntress, to use the Westlake Bank, the same depository as the Town, as the depository for the Corporation, and to authorize all officers as signatories on the account, but require two signatures on checks. Motion carried unanimously. January 8, 1996 Initial meeting Item #6: Scott Bradley suggested quarterly meetings, with the next meeting in April before the Board of Aldermen meeting. Carroll Huntress so moved, seconded by Abe Bush, Jr. Motion carried unanimously. The meeting was adjourned at 7:00 p.m. Dale White, President ATTEST: Ginger Crosswy, Secretary 199 TOWN OF WESTLAKE MINUTES OF BOARD OF ALDERMEN MEETING JANUARY 8,1996 Present: Scott Bradley, Mayor Carroll Huntress, Mayor Pro -Tem Al Oien, Member Howard Dudley, Member Fred Held, Member Jerry Moore, Member Paul Isham, Town Attorney Roland Jary, Town Engineer Ernest Hedgcoth, Town Engineer The meeting was called to order at 7:10 p.m. by Mayor Scott Bradley. The minutes of the December 11, 1995 regular meeting were approved as presented. Item #2: Citizens' Presentation: No one addressed the Board. Item #3: Report on the Texas Student Housing Corporation. Mayor Bradley reported that the first phase of the purchase of the dormitory properties at Texas A&M University closed on December 29, 1995 with the second phase to close before January 19, 1996. Item 94: Ratify an amendment to the Articles of Incorporation of Texas Student Housing Corporation, deleting current Article IV thereof and substituting in its place the following: Article IV The purpose of the Corporation is to act on behalf of the Town of Westlake and as its duly constituted authority and instrumentality to exercise the powers granted to an authority under the provisions of the Act, and to exercise all powers granted under the Texas Non -Profit Corporation Act as provided in the Act. Motion by Carroll Huntress, seconded by Howard Dudley, to ratify this amendment to the Articles of Incorporation of the Texas Student Housing Corporation. Motion carried unanimously. 110 January 8, 1996 Regular meeting Item #5: Consider (a) the final plat filed by Realty Capital Corporation for a 23.22 -acre tract of land in the G.B. Hendricks Survey, Abstract No. 680, to be known as The Estates, an addition to the Town of Westlake, and (b) an agreement with Realty Capital corporation regarding the development of the tract. Mr. Richard Myers, President of Realty Capital Corporation, addressed the Board showing an artist's rendering of the front entrance and the landscape buffer to be used in the development of this tract of land. After several questions concerning the visibility at the entrance, the Aldermen determined they needed more time to consider the agreement specified in item (b) above. Carroll Huntress moved to approve the final plat tonight with a special meeting to be held Monday, January 15, 1996 to consider the developer's agreement. Seconded by Jerry Moore. Motion carried unanimously. Item #6: Motion by Al Oien, seconded by Fred Held, to approve the following 1996 paid holidays for employees after 90 days of employment: New Years Day Memorial Day Independence Day Labor Day Thanksgiving Christmas Motion carried unanimously. Item #7: No other business was brought before the Board. Item #8: EXECUTIVE SESSION: The Board went into Executive Session at 7:45 p.m., pursuant to Chapter 551 of the Texas Government Code. Mayor Bradley informed the Board of a meeting he and Carroll Huntress are to have with Sam Lee tomorrow morning about the proposed bank at the northwest corner of Roanoke Road and S.H. 170. Mayor Bradley informed the Board he is selling some of his property. The Board reconvened into open session at 8:00 p.m. The meeting was adjourned at 8:00 p.m. Scott Bradley, Mayor ATTEST: Ginger Crosswy, Town Secretary