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2012-12-21 LGC Minutes FARMERS BRANCH LOCAL GOVERNMENT CORPORATION A Texas Nonprofit Local Government Corporation Economic Development Conference Room Farmers Branch City Hall 13000 William Dodson Parkway Farmers Branch, Texas 75234 December 21, 2012 8:30 A.M. Meeting was moved from the Economic Development Conference Room to the City Manager's Conference Area. A notice was posted on the Economic Development Conference Room door directing visitors of the change. Call to Order. 1. Call to order and announce a quorum is present. President William Glancy called the meeting to order at 8:30 A.M. The following members of the FBLGC were present: William Glancy, President Gary Greer, Treasurer Steve Parker, Secretary Pam DeHon Ben Robinson City staff members present were: Kevin Laughlin, City Attorney Allison Cook, Business Development Specialist Madison Clark, Administrative Assistant I Amanda Johnson, Admin Assistant II Approval of Motions. 2. Approval of Minutes of FBLGC Meeting of November 14, 2012. A motion by Gary Greer, a second by Ben Robinson, all voting "aye ", approved the minutes for the FBLGC meeting of November 14, 2012. 3. 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, the surface estate of Lot 16, Block 4, Valley View Addition 5, an Addition to the City of Farmers Branch, Texas (also known as 2662 Mount View Drive). A motion was made by Steve Parker, a second by Pam DeHon, all voting "aye ", approved to authorize the Corporation treasurer to negotiate and execute agreements to purchase from the City of Farmers Branch and sell to Todd Bonneau Homes, LLC or assigns, respectively, the surface estate of Lot 16, >Ilock 4, Valley View Addition No. 5, an Addition to the City of Farmers Branch, Texas (also known as 2662 Mount View), subject to a restriction agreement as required by the City, and to sign such other documents as he, in consultation with the Corporation's attorney, deems reasonable and necessary with respect to closing these transactions. Adjournment. 4. Ben Robinson adjourned the December 21, 2012 Meeting of the Board of Directors of the FBLGC at 8:35 A.M. /11 110 William P. Glancy, Pre: dent Steve Parker, Secretary