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4B Sales Tax Corporation Minutes - 06/24/1997 • MINUTES OF THE 4B SALES TAX CORPORATION June 24, 1997 Present: Ray Gonzalez § Rick Boone § Benay Ayers § Arnold Oliver § Corporation Board Members Tommy McCulloch, Jr. § Ikard Smith § Paul Hughes § Kay Yeager, Mayor § Jim Berzina, City Manager § City Staff Gregory D. Humbach, City Attorney § Linda Merrill, Recording Secretary § Greg Humbach called the meeting to order at 1:35 p.m. The first item on the agenda was discussion and approval of the Corporation's bylaws. Mr. Humbach gave an overview of the bylaws, and called for questions and/or amendments from the Corporation board members. Paul Hughes moved that the Bylaws as presented be approved by the Corporation, with the following change at Article IV, Functional Corporate Duties and Requirements, Section 1.(a): "(a) The Board shall research, develop, prepare, and submit to the Council for its approval, an annual work plan, which shall set out short-term and long-term goals and objectives of the Corporation." Arnold Oliver seconded the motion, and it was approved unanimously by the Corporation. Tommy McCulloch moved that the minutes of May 13 be approved. Ray Gonzalez seconded the motion, and it was approved unanimously by the Corporation. • 2 Mr. Humbach informed the Board that the bylaws would be submitted to the City Council for approval at its next regularly scheduled meeting of July 1. Discussion then centered around the submission of the Corporation's budget, which, according to the bylaws, is due to be presented to the City Council by July 30. The Corporation will not have money in its budget by July 30, 1997. Mayor Yeager suggested that Mr. Humbach prepare resolutions requesting a postponement of presentment of the budgets for the 4A and 4B Sales Tax Corporations to the Council until a time not specified, but prior to January 1. These resolutions will be presented to the Council at its July 15 meeting. Jim Berzina stated that City staff is hard at work preparing a list of capital improvement items for the Council. He feels this list will be beneficial to the Corporation so that it does not have to conduct research independently, but can use the staffs list of projects to complement their own plan. He estimates the staff will have the plan available within 4-6 weeks. The library project, which he feels certain the staff and Council felt would be funded with 4B sales tax revenue, needs to be discussed by the early part of August at the latest. The Board tentatively set August 5, 1997 at 2:00 p.m. as its next scheduled meeting date and time. The Board at this meeting will draw lots for terms of office, elect officers (President, Vice-President and Secretary-Treasurer), approve the minutes of this June 24 meeting, and put together a proposed plan for next fiscal year. The meeting adjourned at 2:10 p.m. - Linda Merrill, Recording Secretary