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2016-05-17 LGC Minutes Minutes FARMERS BRANCH LOCAL GOVERNMENT CORPORATION A Texas Nonprofit Local Government Corporation Meeting of the Board of Directors May 17th —2:30pm City Manager's Conference Room Farmers Branch City Hall 13000 William Dodson Parkway Farmers Branch, Texas 75234 The following members of the Farmers Branch Local Government Corporation (FBLGC) were present: Councilman Harold Froehlich Steve Parker, Secretary Pam DeHon Mayor Bob Phelps John Land City administration present: Stephanie Hall, Administrative Assistant II Pete Smith, City Attorney Charles Cox, City Manager Allison Cook, Economic Development Manager Agenda Item No. 1 Call to Order. Bob Phelps called the meeting to order at 2:37 pm and stated that a quorum was present. Agenda Item No. 2 Approval of the Minutes of the Farmers Branch Local Government Corporation (FBLGC) meeting of March 15, 2016 A motion was made by Harold Froehich and seconded by Charles Cox to approve the minutes of the March 15, 2016 Farmers Branch Local Government Corporation meeting. With all members voting"aye",the motion passed unanimously. Agenda Item No. 3 1. Discuss and consider authorizing the negotiation and execution of agreements to purchase from the City of Farmers Branch and sale to Todd Bonneau Homes, LLC or assigns, respectively, Lot 31, Block 3, Farmington Park North, an Addition to the City of Farmers Branch, Dallas County, Texas, (also known as 2737 Farmers Branch Lane). • 2. A motion was made by Harold Froehlich and seconded by Steve Parker to authorize the Corporation treasurer to negotiate and any officer to execute agreements to purchase from the City of Farmers Branch and sell to odd Bonneau Homes, LLC or assigns, respectively, Lot 31, Block 3, Farmington Park North, an Addition to the City of Farmers Branch, Dallas County, Texas, (also known as 2737 Farmers Branch Lane).subject to a restriction agreement as required by the City, and to sign such other documents as such officers, in consultation with the Corporation's attorney, deem reasonable and necessary with respect to closing these transactions. With all members voting"aye", the motion passed unanimously. Agenda Item No. 4 Adjournment A motion was made by Steve Parker and seconded by Charles Cox to adjourn the meeting of the Farmers Branch Local Government Corporation at 2:40 pm. With all members voting"aye", the motion carried unanimously. NA imairitzefr Bob Phelps, President eve Parker, Secretary