HomeMy WebLinkAbout07-22-02 4B MinMinutes of the Westlake Development Corp. Board of Directors meeting
TOWN OF WESTLAKE, TEXAS
MINUTES OF THE MEETING
OF THE BOARD OF DIRECTORS OF THE
WESTLAKE DEVELOPMENT CORPORATION
July 223 2002
Present: Scott Bradley, Chairman
Buddy Brown, Member
Fred Held, Member
David Brown, Member
Dr. Joseph Bonola, Member
Trent Petty, Town Manager
Stan Lowry, Town Attorney
Ginger Crosswy, Town Secretary
Absent: Don Redding, Member
Randal Reed, Member
Item #1: Mayor Bradley called the meeting to order at 6:04 p.m. by announcing a quorum consisting of Mr.
Held, Mr. Buddy Brown, Mr. David Brown, Dr. Bonola and himself.
Ttem #2: Conduct a Public Hearing to consider approval of a loan to the Westlake Civic Center Corporation
the amount of $1,477,168.80 for the purchase of property for the Westlake Civic Campus, in furtherance
of the economic development projects of the Town as authorized in Section 4B of the Texas Revised Civil
Statutes, Ann. Sec. 5190.6. Mr. Petty explained this item to the Board. The public hearing was opened at
6:06 p.m. After several questions the public hearing was closed. There was a motion by Chairman Bradley,
seconded by Mr. Buddy Brown, to declare the Westlake Civic Campus site a project in furtherance of the
economic development of the Town as authorized in Section 4B of the Texas Revised Civil Statutes, Ann.
Sec. 5190.6. There was no discussion and the motion carried unanimously. After a lengthy question and
answer session there was a motion by Dr. Bonola, seconded by Mr. David Brown, to authorize the loan of
$1,477,168.80 for the purchase of property for the Westlake Civic Campus. There was no discussion and the
motion carried unanimously.
Item #3: Conduct a Public Hearing to consider approval of a loan to the Utility Fund in the amount of
$118,887.00 for construction of the Keller/Westlake elevated storage tank and water mains, in furtherance
of the economic development projects of the Town of Westlake as authorized in Section 4B of the Texas
Revised Civil Statutes, Ann. Sec. 5190.6. Mr. Petty gave the background on this item. The Public Hearing
was opened at 6:20 p.m. After several questions the Public Hearing was closed. There was a motion by Mr.
Buddy Brown, seconded by Mr. Held, to declare the Keller/Westlake elevated storage tank and water mains
a project in furtherance of the economic development of the Town as authorized in Section 4B of the Texas
Revised Civil Statutes, Ann. See. 5190.6. There was no discussion and the motion carried unanimously.
After a short question and answer session there was a motion by Dr. Bonola, seconded by Mr. David
Brown, to approve this loan. There was no discussion and the motion carried unanimously.
,m #4: Motion by Mr. Buddy Brown, seconded by Mr. Held, to adjourn. The motion carried unanimously.
The meeting was adjourned at 6:30p.m.
http://www.westlake-tx.org/agendas/4bm072202.httn 01/30/2003
bir6tes of the Westlake Development Corp. Board of Directors meeting Page 2 of 2
Scott Bradley, Chairman
ATTEST:
Ginger Crosswy, Town Secretary
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