I'LL GO AHEAD AND CALL THIS MEETING OF THE ANGLETON BETTER LIVING CORPORATION TO ORDER. 
          [00:00:04]
WE HAVE A QUORUM PRESENT. 
          I GUESS GO RIGHT INTO IT AND WE'LL GO RIGHT INTO REGULAR AGENDA, ITEM NUMBER ONE,
DISCUSSION AND POSSIBLE ACTION TO APPROVE RESOLUTION NUMBER 
          [1. Discussion and possible action to approve Resolution No. 20240213-001; a resolution by the Angleton Better Living Corporation approving an agreement with the City Council of the City of Angleton, Texas regarding the construction of city park and drainage improvements and authorizing the chairman as the designated representative of the corporation to execute such agreement; and approving other matters incidental thereto.]
20240213-001 A RESOLUTION BY THE ANGLETON BETTER LIVING CORPORATION APPROVING AN
AGREEMENT AND THE CITY WITH THE CITY OF CITY COUNCIL OF THE CITY OF ANGLETON TEXAS OF CITY PARK AND DRAINAGE IMPROVEMENTS AND
AUTHORIZING THE CHAIRMAN AS THE DESIGNATED REPRESENTATIVE OF THE CORPORATION TO EXECUTE SUCH AGREEMENT, AND APPROVING OTHER MATTERS INCIDENTAL THERETO. 
          YES. GOOD EVENING. 
          ABLC THANK YOU ALL FOR BEING HERE THIS EVENING. 
          SO THIS IS JUST THE NEXT STEP IN THE PROCESS OF ISSUING THESE FUNDS FOR THE DESIGNATED
PROJECTS FOUND IN YOUR EXECUTIVE SUMMARY. 
          WOULD YOU LIKE ME TO LIST THOSE OFF FOR THE BENEFIT OF THE PUBLIC? SURE. WE HAVE ABIGAIL ARIAS PARK DEVELOPMENT AND THE AMOUNT OF $2 MILLION FREEDOM PARK
IMPROVEMENTS FOR $900,000 ANGLETON RECREATION CENTER MAINTENANCE IMPROVEMENTS AND MASTER PLAN FOR $500,000, BG [INAUDIBLE] SOCCER COMPLEX LIGHTS AS THE FIRST PRIORITY, AND FIELD
GRADING PARK DRAINAGE IMPROVEMENTS AS A SECOND PRIORITY FOR $250,000. DRAINAGE IMPROVEMENTS IN FLOOD PRONE AREAS IN THE CITY LIMITS, WHICH ARE BEYOND
THE RESPONSIBILITY OF THE ANGLETON DRAINAGE DISTRICT $350,000 AND ANY REMAINING FUNDS FOR VARIOUS PARK IMPROVEMENT PROJECTS. 
          SO AGAIN, THIS IS THE NEXT STEP IN THE PROCESS. 
          WE ARE ASKING THE ABLC APPROVE THE RESOLUTION, WHICH WILL HELP AUTHORIZE THE ABLC THE
CORPORATION ENTERING INTO AN AGREEMENT WITH CITY COUNCIL SO THAT ABLC WILL BE RESPONSIBLE. 
          THEY WILL BE COMMITTING TO BE RESPONSIBLE FOR PAYING THOSE, THE PRINCIPAL AND INTEREST OF
OF THE DEBT. 
          DOES THE BOARD HAVE ANY QUESTIONS? COMMENTS? LOOKS GOOD TO ME. 
          OKAY. DO I HAVE A MOTION? MAKE A MOTION THAT WE ACCEPT. 
          LET ME READ THIS RECOMMENDATION. 
          MAKE A MOTION THAT THE ANGLETON BETTER LIVING CORPORATION APPROVE RESOLUTION NUMBER
20240213-001, APPROVING AN AGREEMENT WITH THE CITY COUNCIL OF THE OF THE CITY OF ANGLETON, TEXAS,
REGARDING THE CONSTRUCTION OF CITY PARK AND DRAINAGE IMPROVEMENTS, AND AUTHORIZING THE CHAIRMAN AS THE DESIGNATED REPRESENTATIVE OF THE CORPORATION TO EXECUTE
SUCH AGREEMENT AND APPROVING OTHER MATTERS INCIDENTAL THERETO. I'LL SECOND. 
          I HAVE A MOTION AND A SECOND. 
          ANY FURTHER DISCUSSION? WHAT'S THE TIMELINE. 
          SO ONCE FOR DEBT ISSUANCE AND RECEIVED FUNDS. 
          SO I BELIEVE THE CALENDAR PUTS US AT I'M NOT SURE WHAT DATE APRIL 3RD FALLS ON, BUT I
BELIEVE WE SHOULD HAVE FUNDS IN HAND EITHER APRIL 1ST OR APRIL 3RD THAT THE FIRST WEEK OF APRIL. 
          WHEN WILL YOU BE SENDING US AN EMAIL WITH THE WHEN JOE MORROW GOES OUT FOR DEBT? AND WHAT THE INTEREST RATE AND ALL THAT IS? YES. YEAH. 
          SO WE I WILL SEND YOU ALL AN UPDATED SCHEDULE SO THAT YOU HAVE THE TIMELINE OF WHEN YOU
SHOULD EXPECT WHAT. 
          BUT YES, WE WILL CERTAINLY SEND THAT OUT. 
          OKAY. WE DO HAVE A RATING CALL THIS THURSDAY. 
          GOOD. ALL RIGHT. 
          ANY FURTHER DISCUSSION? CALL FOR THE VOTE. 
          ALL THOSE IN FAVOR SIGNIFY BY SAYING AYE. 
          AYE. ALL THOSE OPPOSED? MOTION CARRIES. 
          ALL RIGHT. THANK YOU. AND WE WILL HEAD RIGHT INTO ADJOURNMENT AT 5:34.
* This transcript was compiled from uncorrected Closed Captioning.