BM 2011-11-14 CEDF
COPPELL ECONOMIC DEVELOPMENT FOUNDATION
NOVEMBER 14, 2011
MINUTES
The Coppell Economic Development Foundation met at 8:30 a.m. on Monday, November 14,
2011 at Coppell Town Center, Lobby Conference Room, 255 Parkway Boulevard, Coppell,
Texas 75019. The following were present: Bill Rohloff, Gary Roden, James Walker, Ken
Luttmer, Matt Hall and Mindi Hurley.
Call to Order
1.
James Walker called the meeting to order at 8:34 a.m.
Approval of Minutes: March 2, 2011
2.
Bill Rohloff made a motion to approve the minutes from March 2, 2011. Matt Hall
seconded the motion. The motion passed unanimously.
Consider approval of an economic agreement between the City of Coppell and the
3.
Coppell Economic Development Foundation, Inc. for restoration of the facilities
located at Heritage Park in an amount not to exceed $81,120 and authorizing the
President to sign
.
. Consider approval of a Construction Contract between the Coppell Economic
4
Development Foundation, Inc. and Jeff Ballard Building Contractor for restoration
of the facilities located at Heritage Park in an amount not to exceed $81,120 and
authorizing the President to sign.
Jim Walker made a motion to table Item #3 and Item #4 until there is clarification on
the Foundation’s scope of authority with respect to certain aspects of the agreements,
and counsel for the City can review the proposed changes in the wording of both
agreements. The Foundation has also asked that counsel for the City review the need
for the addition of appropriate indemnity language in both agreements. The Board
also asked for an opportunity to review the need for D&O Insurance for Foundation
Officers/Directors. Ken Luttmer seconded the motion. The motion passed
unanimously.
With no further business to discuss, it was moved by Matt Hall and seconded by Rohloff that the
meeting adjourn. By unanimous vote, the meeting was adjourned at 8:50 a.m.
Respectfully submitted,
Mindi Hurley