Fate Municipal Development District No. 1 Board of Directors Meeting - May 17, 2022

The Fate Gazette — Ledger Entry

Meeting Record

Entity: Fate Municipal Development District No. 1
Meeting Type: Board of Directors Meeting
Date: May 17, 2022
Location: Fate City Hall, 1900 CD Boren Parkway, Fate, Texas
Time Called to Order: 6:03 p.m.
Time Adjourned: 7:19 p.m.

Notice of Attendance

Notice was given that a quorum of the Fate City Council could be in attendance at the meeting.

Call to Order and Quorum

• Board Member Allen Robbins called the meeting to order.
• City Secretary Victoria Raduechel confirmed the presence of a quorum.

Board Members Present

• Allen Robbins
• Todd Crabtree
• Bob Chambers
• Victoria Egbert
• David Overstreet

Board Members Absent

• Nikki Robinson
• Kirk Adams

City Staff Present

• Michael Kovacs, City Manager
• Justin Weiss, Assistant City Manager
• Suzy Lawrence, Economic & Community Development Manager
• Teresa Stevens, Accounting Manager
• Jon Thatcher, City Attorney
• Victoria Raduechel, City Secretary

Action Items

Approval of Prior Meeting Minutes

• Item: Approval of minutes from the January 18, 2022 meeting.
• Motion: Bob Chambers
• Second: Todd Crabtree
• Vote:
  • Ayes: Robbins, Crabtree, Chambers
  • Nays: None
• Result: Motion carried unanimously.

Resolution R-2022-001 — Amending Bylaws

• Presentation: Jon Thatcher, City Attorney, provided an overview of proposed amendments to the bylaws.
• Motion: Todd Crabtree
• Second: Bob Chambers
• Vote:
  • Ayes: Robbins, Crabtree, Chambers
  • Nays: None
• Result: Motion carried unanimously.

Presentations

Swearing-In of Board Members

• David Overstreet — Place 6
• Victoria Egbert — Place 7
• Oath of office administered by City Secretary Victoria Raduechel.

Economic Development Update

• Presenter: Suzy Lawrence, Economic & Community Development Manager
• Topics Presented:
  • City of Fate population
  • New home permits
  • Single-family residential neighborhoods and unit counts
  • Commercial development
  • Downtown development and awards
  • New businesses opened in Fate
  • Community development initiatives
  • Comprehensive Plan update (Forward Fate)

Action Items (Continued)

Amendment to FY 2021–2022 Budget

• Presentation: Justin Weiss, Assistant City Manager
• Key Items Reported:
  • Increased projected sales tax revenue
  • Lease revenue adjustments
  • Investment income adjustment
  • Increased expenditures for third-floor architectural design
  • Fund balance corrections and revised ending balance
• Motion: Bob Chambers
• Second: David Overstreet
• Vote:
  • Ayes: Robbins, Crabtree, Chambers, Egbert, Overstreet
  • Nays: None
• Result: Motion carried unanimously.

Resolution R-2022-002 — Administrative Services Agreement

• Presentation: Justin Weiss, Assistant City Manager
• Description: Agreement between the Fate Municipal Development District No. 1 and the City of Fate for administrative services.
• Motion: Bob Chambers
• Second: David Overstreet
• Vote:
  • Ayes: Robbins, Crabtree, Chambers, Egbert, Overstreet
  • Nays: None
• Result: Motion carried unanimously.

Approval of FY 2022–2023 Budget

• Presentation: Justin Weiss, Assistant City Manager
• Reported Items:
  • Beginning fund balance
  • Estimated sales tax and lease revenues
  • Proposed expenditures including third-floor buildout, administrative services, land purchases, and debt service
  • Proposed ending fund balance
• Motion: Bob Chambers
• Second: David Overstreet
• Vote:
  • Ayes: Robbins, Crabtree, Chambers, Egbert, Overstreet
  • Nays: None
• Result: Motion carried unanimously.

Adjournment

• Motion to Adjourn: Bob Chambers
• Second: David Overstreet
• Vote:
  • Ayes: Robbins, Crabtree, Chambers, Egbert, Overstreet
  • Nays: None
• Meeting Adjourned: 7:19 p.m.

Record Note
This Ledger entry records the publicly observable proceedings of the meeting listed above. It does not offer analysis or commentary.