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HomeMy WebLinkAbout11/05/03 EDC MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION SPECIAL BOARD MEETING CITY HALL NOVEMBER 5, 2003 The Special Session of The Colony Economic Development Corporation of the City of th The Colony, Texas, was called to order at 7:01 p.m. on the 5 day of November 2003, at City Hall with the following roll call: Present: President Bob Norris Treasurer Kevin Greene Secretary A1 Garcia Member Bo Trosper (arrived 7:05 p.m.) Member Rick White (arrived 7:05 p.m.) And with five voting members present, a quorum was established and the following item was addressed: Item 4.1. EXECUTIVE SESSION as authorized by section 551.086 of the Local Government Code regarding Economic Development, to-wit: A. To deliberate the offer of a financial or other incentive to a business prospect. President Norris adjourned for the executive session at 7:01 p.m. Item 4.2. Consideration of appropriate action to be taken as a result of executive session: President Norris reconvened the meeting at 8:35 p.m. A1 Garcia made a motion that the 4A board commit funds to develop the south two lanes of Memorial Drive from the Home Depot property east to Worley Dr. to enhance the retail development of the property south of Memorial Drive. Rick White seconded the motion and the motion carried with Bob Norris, Rick White, A1 Garcia and Bo Trosper voting aye and Kevin Greene abstaining. President Norris adjoumed the meeting at 8:38 p.m. Cindi Lane - Robert E. Norris Economic Development Specialist President