BM 2014-11-11 CRDC Special MeetingCity of Coppell, Texas
COPPELL
=' ? Minutes
Coppell Recreation Development
Corporation
255 Parkway Boulevard
Coppell, Texas ]5019-94]8
Tuesday, November 11, 2014 6:00 PM 255 Parkway Blvd.
Special Meeting
2nd Floor Conference Room
Greg Garcia Jack Clark
President Vice President
Ed Guignon Maureen Corcoran
Secretary
Philip Houm Biju Mathew
William Whitehill
Also present were Parks and Recreation Director Brad Reid and Administrative
Support Supervisor Cecilia Gentles
The Coppell Recreation Development Corporation of the City of Coppell met on
Tuesday, November 11, 2014 in the 2nd Floor Conference Room of Town Center, 255 E.
Parkway Boulevard, Coppell, Texas.
The purpose of this meeting was to consider the following items:
Regular Session (Open to the Public)
1 Call To Order
President Garcia called the meeting to order at 6:00 pm.
Members present:
President Greg Garcia, Vice President Jack Clark, Boardmember
Maureen Corcoran, Boardmember Ed Gong non, and Boardmember Philip
Houm
2 Citizens' Forum
President Garcia advised that no one signed up to speak during Citizens'
Forum.
3 Consider adoption of a resolution authorizing the issuance and sale of
nio, of Coppell, Texas Paget
Coppell Recreation Development Minutes November 11, 2014
Corporation
Adjournment
Coppell Recreation Development Corporation Sales Tax Revenue
Refunding and Improvement Bonds, Series 2014; providing for the
security for and payment of said bonds; approving an official statement
for the bonds; providing an effective date; and enacting other
provisions relating to the subject.
Presentation by Jennifer Miller, Director of Finance, along with Jason Hughes,
representing First Southwest, advised the Board that the bonds where
purchased at an interest rate of 3.45% with a 24 year term and a 10 -year call.
Mr. Hughes also explained that the 1999 bond series were refinanced with no
extension of debt for a total sale of $30.87 million.
A motion was made by Vice President Clark, seconded by Boammember
Corcoran, that this Agenda Item be approved. The motion carried by an
unanimous vote.
Aye: 5- President Greg Garda, Vice President Jack Clark, Boardmember
Maureen Corcoran, Boardmember Ed Guignon, and Boardmember Philip
Houm
There being no further business to discuss before the CRDC, the meeting
adjourned at 8:12 pm.
-t (;.Ad,
Greg Garcia, President
Attest
ecjli Ganda , Administrative Support Supervisor
Cay or Coppee, Tera vaaex