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BM 2009-11-12 EcDevCOPPELL EDUCATION DEVELOPMENT CORPORATION November 12, 2009 MINUTES The Coppell Education Development Corporation met at 7 p.m. on Thursday, November 12, 2009 at Coppell Town Center, 2nd Floor Conference Room, 255 Parkway Boulevard, Coppell, Texas 75019. In attendance: Brian Letzkus, President Bill Elieson, Board Member Eric Pratt, Board Member Robert Brummitt, Board Member Item 1. Call to Order. Also present: Mario Canizares, Staff Liaison Debbie Cravey, Recording Secretary President Brian Letzkus called the meeting to order at 7 p.m. Item 2. Citizens' Appearance. No citizens appeared. Item 3: Approval of Minutes: October 8, 2009, Eric Pratt made a motion to approve the minutes, and Bill Elieson seconded. The vote was unanimous. Item 4: Consider approval of adjusting the distribution of remaining fund balances to the respective school district from $1,000 to $10,000. Deputy City Manager Canizares pointed out there was a correction to the Report on Sales Tax Collection that was e-mailed to the board members as part of tonight's packet, and on page 2 the Total Paid column should read $18,068,904.69. Bill Elieson made a motion to approve adjusting the distribution of remaining fund balances to the respective school district from $1,000 to $10,000, and Robert Brummitt seconded. The vote was unanimous. Item 5: General Discussion. When asked if there was any possibility that additional sales tax would be forthcoming, Deputy City Manager Canizares explained only if it was discovered that sales tax collected prior to April 2008 had been credited to another city. If that were discovered, the education fund would receive the half -cent sales tax collected during this period. Minutes November 12, 2009 Page Two Adjournment The meeting was adjourned at 7:10 p.m. Th as Massimi, Vice President Debbie Cravey, Recording acretary