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HomeMy WebLinkAbout05-12-03 4A MinMinutes of the 4A Corporation meeting TOWN OF WESTLAKE, TEXAS MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF THE WESTLAKE 4A CORPORATION May 12, 2043 Present: Bill Greenwood, Chairman Elton Haynes, Vice Chairman Scott Bradley, Member Fred Held, Member Trent Petty, Town Manager Matthew Boyle, Town Attorney Ginger Crosswy, Town Secretary Absent: David Loeser, Member Item #1: Chairman Greenwood called the meeting to order at 5:30 p.m. by announcing a quorum consisting of Mr. Haynes, Mr. Bradley, Mr. Held and himself. Item #2: Review and approve minutes of the meeting held on January 27, 2003. There was a motion by Mr. Bradley, seconded by Mr. Held, to approve the minutes as presented. There was no discussion and the motion carried unanimously. Item #3: Conduct a Public Hearing to consider a request by the Westlake Academy Foundation for a start o loan totaling $25,000.00 and to amend the 2002103 budget, in furtherance on the economic development ,irojects of the Town as authorized in Section 4A of the Texas Revised Civil Statutes, Ann. Sec. 5190.6. Mr. Petty introduced Michelle Corson as the President of the Foundation. Ms. Corson explained the budget she prepared for the Board's consideration. After a short question and answer session the Public Hearing was opened at 5.43 p.m. No one wished to address the Board and there was a motion by Mr. Bradley, seconded by Mr. Held, to close the Public Hearing. There was no discussion and the motion carried unanimously. The Public Hearing was closed at 5:44 p.m. There was a motion by Mr. Bradley, seconded by Mr. Haynes, to make a start up loan totaling $25,000.00 to the Westlake Academy Foundation and to amend the 2002103 budget, in furtherance on the economic development projects of the Town as authorized in Section 4A of the Texas Revised Civil Statutes, Ann. Sec. 5190.6.There was no discussion and the motion carried unanimously. Item 44: Motion by Mr. Held, seconded by Mr. Haynes, to adjourn. The motion carried unanimously. The meeting was adjourned at 5:45 p.m. Approved on June 23, 2003. ATTEST: Ginger Crosswy, Town Secretary William E. Greenwood, Chairman http://www.westlake-tx.org/agendas/4atnO5l2O3.htm 06/25/2003