HomeMy WebLinkAbout12/12/1996
MINUTES
ECONOMIC DEVELOPMENT CORPORATION BOARD
MEETING
DECEMBER 12, 1996
6:30 p.m.
CITY HALL CONFERENCE ROOM
Present:
Board
Gary McClure, President
Mary Watts, Council Member
Craig Sloan
Sue Walden
Ronnie Fischer
Staff
Dennis Watson, Staff Liaison
Others
Tim House, Matthews Southwest
Tommy Thompson
Absent
Dave Kovatch, Council Member
Rick Manser
1. CALL TO ORDER
Mr. McClure called the meeting to order at 6:45 p.m.
2. ROLL CALL
3. UPDATE ON GOLF COURSE PROJECT
Tim House representing Matthews Southwest was on hand to brief the Board on the latest
occurrences on the lease negotiations for Wynnewood Peninsula between the City, Matthews
Southwest and the Corps of Engineers. Mr. House stated that he felt the negotiations were
proceeding along very well. He explained to the Board that the parties had come to a preliminary
agreement on the terms of the lease. The agreement was as follows: the Corps would agree to a
25 year lease term with a 25 year extension for the initial 18 holes of the golf course. The Corps
would subsequently grant an additional 25 and 25 either for each additional nine or 18 holes of
golf added to the course, or for a significant capitol improvement to the course (significant capitol
improvement being defined as a $1.5 million or greater investment). Mr. McClure asked Mr.
House if he still plans on breaking ground on the golf course project in February. Mr. House
responded that tentative plans were to break ground sometime in the second quarter of 1997 and
to have golf on Wynnewood Peninsula in the fall of 1998. Ms. Watts stated that the City needs to
have a concession agreement with the developer. The Board agreed to look at the agreement that
was recently completed by the City of Plano for their municipal golf course and use it as a model.
The Board agreed to address the concession agreement issue sometime in January.
Mr. House informed the Board that Matthews is seriously considering proposals from three golf
course operator groups. One group has submitted a detailed offer, one group is undertaking due
diligence activities prior to making a determination whether to submit a proposal and the third
group is prepared to submit a proposal subject to an agreement to have exclusive control of the
property during their due diligence period. Mr. House stated that all of the proposals are credible
and that his goal is to find a group that can get golf on the ground in the fall of 1998, with the
highest quality possible, and no liability to the City. Mr. House stated that Matthews has
extended the proposal period to mid January.
Mr. House informed the Board that the Environmental Assessment on the golf course is going
well and that there should not be any problems in the mitigation process. Mr. Watson informed
the Board that CURA had submitted the document to the Corps for their comments. After
receiving comments from the Corps, the draft would be sent out to the various regulatory
agencies for public comment, but CURA did not anticipate any problems with the process.
Mr. House stated that the last issue he had to discuss with the Board was the scheduled golf
outing. He informed the Board that it would be a chance for fun and flexibility. Mr. House gave
the Board directions to the course and told them what that they would tee off at 10:00 a.m. The
Board agreed to meet at City Hall at 8:30 a.m. to carpool to the course. The next scheduled
update on the golf course by representatives from Matthews Southwest is January 21, 1997.
4. INTRODUCTION OF NEW BOARD MEMBERS
Since this was the first official meeting for the new Board members, each person briefly
introduced himselftherself and told how long they had served on the Board; lived in The Colony;
and where they worked.
5. DISCUSSION AND POSSIBLE ACTION ON PRESENTATION OF ECONOMIC
DEVELOPMENT PLAN TO COUNCIL ON DECEMBER 16.
Since the consultant, Worth Blake, would be presenting the Economic Development Plan to
Council on Monday evening, Mr. McClure felt it would be a good idea for him to review the
presentation Mr. Blake had provided for him before the Board and get feedback from members.
Mr. McClure briefly went through the presentation and the Board provided their comments.
6. OTHER BUSINESS
Mr. Watson reminded the Board that the Christmas party would be held at Zydeco's. He
informed the members of the proposed scenario by Worth Blake in which each Board member
would be assigned a separate table and at a designated time would introduce each person at their
table to the group. The Board agreed that this would be a good idea. Mr. Watson also requested
the Board's feedback regarding the EDC advertisement that would be placed in the Chamber of
Commerce directory. Discussion on this subject followed. The Board requested that Mr. Watson
write a letter to the party interested in locating a bowling alley/movie theater entertainment facility
in the city to get a time frame for any proposed action on their part.
There being no further business the meeting was adjourned at 9:15 p.m. The next meeting is
scheduled for January 14, at 6:304 .
~F
Res ectfully Submitted, Dennis Watson, Staff Liaison