4A Wichita Falls Economic Development Minutes - 03/30/2012MINUTES OF THE
WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
March 30, 2012
PRESENT:
Gary Shores, President
Dick Bundy, Vice President/Sec.- Treasurer
Gary McLendon
Glenn Barham, Mayor
Kevin Hugman, Assistant City Manager
Jim Dockery, Asst. City Manager /CFO
Miles Risley, City Attorney
Linda Merrill, Recording Secretary
Tim Chase, President
Kevin Pearson, Vice President
Jim Johnson
ABSENT:
Dave Lilley
Lanham Lyne
1. CALL To ORDER
Members
City Council
City Staff
Chamber of Commerce & Industry
Members
President Gary Shores called the meeting to order at 1:00 p.m.
2. APPROVAL OF MINUTES
Gary McLendon moved that the minutes of November 17, 2011 be approved. Seconded
by Dick Bundy, the motion unanimously carried.
3. EXECUTIVE SESSION
Mr. Shores adjourned the meeting into executive session at 1:00 p.m. pursuant to TEXAS
GOVERNMENT CODE § §551.071, 551.072, and 551.087. He announced the meeting back into regular
session at 3:00 p.m. The subjects posted in the Notice of Meeting were deliberated, and no action
was taken on these items in executive session.
Mr. Bundy moved that the President of the WFEDC be authorized to execute the
attached Acknowledgment and Direction and Discharge of Charge on 680 Bishop Street North
if the President determines the lien being released has no value to the WFEDC. The President
is further authorized to execute ancillary legal documents to such release. This action is
determined to not be a new program or expenditure of the WFEDC. Seconded by Gary
McLendon, the motion carried.
4. ADJOURN
The meeting adjourned at 3:05 p.m.
*Gaor/e4s,Piresident
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ACKNOWLEDGEMENT AND DIRECTION
TO: All Lawyers within the firm of A.ird & Berlis LLP
AND TO: Any and all designees of the above
RE: Cheese Factory Road Holdings Inc. mortgage loan from Wichita Falls
Economic Development Corporation
680 Bishop Street North, Cambridge, Ontario;
This will confirm that:
1. The undersigned has reviewed the information contained on the documents attached hereto
and this information is accurate;
2. You are authorized and directed to sign and register electronically on my behalf the
following document(s), a copy of which is attached hereto:
Discharge of Charge
3. The effect of the electronic documents described in this Acknowledgement and Direction
has been fully explained to me and I understand that I am a party to and bound by the terms
and provisions of these electronic documents to the same extent as if I had signed these
documents;
4. The undersigned is in fact a party named in the electronic documents described in this
Acknowledgement and Direction and I have not misrepresented my identity to you;
5. The undersigned hereby authorizes Aird & Berlis LLP to make any minor, non - material
alterations that may be required by the Land Registry Office to effect certification of the
electronic documents as described in this Acknowledgement and Direction by the Land
Registry Office; and
6. The undersigned hereby confirms that the execution of the Acknowledgement and
Direction by facsimile transmission shall be binding upon me and our successors and
assigns and may be relied upon by me as if it were an original.
Dated this day of March, 2012.
12135240.1
WICHITA FALLS ECONOMIC
DEVELOPMENT CORPORATION
Name:
Title:
Name:
Title:
I/We have authority to bind the Corporation.
LRO # 58 Discharge Of Charge In preparation on 2012 03 27 at 12:37
This document has not been submitted and may be incomplete. yyyy mm dd Page 1 of 1
Properties
PIN 03791 - 0259 LT
Description LT 11 -12 RCP 1376 CAMBRIDGE; SIT E21135; CAMBRIDGE
Address 680 BISHOP STREET NORTH
CAMBRIDGE
Document to be Discharged
Registration No. Date Type of Instrument
VVR522232 2010 02 26 Charge/Mortgage
Discharging Party(s)
This discharge complies with the Planning Act. This discharge discharges the charge.
Name WICHITA FALLS ECONOMIC DEVELOPMENT CORPORATION
Acting as a company
Address for Service Attn: Chief Financial Officer
City of Wichita Falls
P.O. Box 1431
Wichita Falls, Texas 76307
This document is not authorized under Power of Attorney by this party.
I am the party entitled by law to grant the discharge as to the land described herein.
File Number
Discharging Party Client File Number: 110903 -RTH
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