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4A Wichita Falls Economic Development Minutes - 07/06/19984A Economic Development Corporation Board of Directors Meeting Minutes City Council Conference Room July 6, 1998 Members: Present: Absent Ray Clymer Gary Shores Ron Bullock Louis Rodriguez Bo Stahler City Staff: Robert Powers, Assistant City Manager Greg Humbach, City Attorney Scott Taylor, Deputy Director of Public Works Charlese Hearn, Recording Secretary The meeting was called to order at 12:00 noon by Ray Clymer. The first order of business was to elect officers. Ron Bullock moved, seconded by Bo Stahler, to name Gary Shores President. The motion carried unanimously. Bo Stahler moved, seconded by Ron Bullock, that the Vice President be Ray Clymer. The motion passed unanimously. Bo Stahler moved, seconded by Ron Bullock, to elect Ron Bullock as Secretary- Treasurer. The motion passed unanimously. The next order of business was to consider the project funding request of $140,000 for Sanitary Sewer System Improvements for the expansion of the prison. Bo Stahler moved to fund this project. Ron Bullock seconded the motion , which carried unanimously. The last item on the agenda was to consider amending the By -laws to lower the bond requirements for the president and secretary/treasurer of the Board from $100,000 to $25,000. Ron Bullock moved to recommend to the City Council that the bond requirements be changed to $25,000. Bo Stahler seconded the motion, which carried unanimously. In the absence of any other business, the meeting was adjourned at 12:05 p.m Recording Secretary Secretary- Treasurer