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4B Sales Tax Corporation Minutes - 08/05/1997 • MINUTES OF THE 4B SALES TAX CORPORATION August 5, 1997 Present: Ray Gonzalez § Rick Boone § Arnold Oliver § Corporation Board Members Tommy McCulloch, Jr. § Ikard Smith § Paul Hughes § Gregory D. Humbach, City Attorney § City Staff Linda Merrill, Recording Secretary § Absent: Benay Ayers § Corporation Board Member Greg Humbach called the meeting to order at 2:07 p.m. Item 1. Drawing of lots for terms of office. Mr. Humbach reminded the Board members that their bylaws stipulated four members of the first Board shall serve two-year terms, and three members shall serve one-year terms. Each successor member of the Board shall serve two year terms. The drawing of lots resulted in the following individuals serving the terms indicated: Board Member Term of Office Paul Hughes 2 years Ikard Smith 2 years Tommy McCulloch 1 year Ray Gonzalez 1 year Arnold Oliver 2 years Rick Boone 2 years Benay Ayers 1 year 2 Item 2. Election of officers. Arnold Oliver nominated Benay Ayers for President, Rick Boone for Vice-President, and Paul Hughes for Secretary-Treasurer. Ikard Smith seconded the nominating motion, and it was approved unanimously. Item 3. Approval of June 24, 1997 Minutes. Mr. Smith moved the minutes be approved, seconded by Mr. Oliver, and the motion was approved unanimously. Item 4. Discuss proposed budget and project plan for FY 97-98. Mr. Humbach advised the Board members that the City Council had adopted a resolution granting the 4A and 4B Boards until December 15, 1997 to present an annual budget to the Council. Neither Board will have money until at the very earliest November, but more than likely not until 1998. He informed the Board that the 4A Board committed approximately $87,000 to hire an executive director for the Board of Commerce and Industry. He suggested the Board set a special meeting to receive input from City Manager Jim Berzina concerning capital expenditure projects that the staff and Council feel are most important. The City budget process started August 19, and continues for three days. The Board set their next meeting date for Wednesday, August 13 at 9:00 a.m., in order to receive input from the City Manager concerning capital expenditure projects relative to the Board's budget and project plan. There being no further business, Vice-President Boone announced the meeting was adjourned at 2:40 p.m. Linda Merrill, Recording Secretary