HomeMy WebLinkAboutMinutes - Economic Development Corp. (EDC) - 11/08/2023 - RegularCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
MINUTES — November 8, 2023
The Regular Session of The Colony Economic Development Corporation of The City of The Colony, Texas was
called to order at 6:32 pm on the 8th of November, 2023 THE COLONY, TEXAS, with the following roll call:
Tom Tvardzik
Kevin Braby
Leonard Powell
Brian Buffington
Dave Hicinbothem
Perry Schrag
Keri Samford
Diane Lemmons
Amber Downing
President
Vice President
Member
Member
Member
Council Liaison
Staff
Staff
Staff
Present
Present
Present
Present
Present
Absent
Present
Present
Absent
1 1.0 1 ROUTINE ANNOUNCEMENTS; RECOGNITIONS: I I
Call to Order: President, Tom Tvardzik, called the meeting to order at 6:32 f}n
Announcement of events and activities':
• 25th Anniversary Golf Tournament. — Huge Success
• Recognition at City Council on December 5th
• INCubator Program — Diane Lemmons is mentoring a group
• BIG Grant — Chiroway referrals; Simply Unwine & Cascades approved
• ELM — now open and getting great press
• Fiber Loop —about to access FS4, Trinity and Government Center
• Duck Derby - Next May
• Sports Books —Cowboys; SMU; Stars; Mays; Rangers
• Urban 8 Redo — BrewPub has started work
• Dutch Bros — Construction is complete
• TEDC—CEDA recognition for 14th year
2.0 1 CONSENT AGENDA
I
2.1 Acceptance of financial reports through October, 2023
2.2 Acceptance of marketing and print advertising update
2.3 Approval of the minutes of the regular board meeting July 12, 2023
Motion to accept Items 2.1 — 2.3, as presented — Leonard Powell;' vin Braby second , motion passed
with all ayes.
13.0 1 REGULAR AGENDA
3.1 No items to consider
4.0 1 EXECUTIVE SESSION AGENDA
t These items are strictly public service announcements. No action will be taken and no direction will be given regarding these items.
4.1 Board shall convene into a closed executive session purs
Government Code to deliberate the purchase, exchange, I
in The Colony for economic development purposes.
The board went into executive session at 6:39pm
4.2 Board shall convene into a closed executive session pursua
Government Code to deliberate commercial or financial it
from business prospects, and/or to deliberate the offer c
business prospects.
Reconvene to Open Session
4.3 Action resulting from closed executive session pursuant to
Government Code to deliberate the purchase, exchange, li
in The Colony for economic development purposes.
4.4 Action resulting from closed executive session pursuant
Government Code to deliberate commercial or financial ii
from business prospects, and/or to deliberate the offer i
business prospects.
The Board reconvened into regular session at 7.40 pm.
to Section 551.072 of the Texas
or value of real property located
t to Section 551.087 of the Texas
Drmation the board has received
a financial or other incentive to
ion 551.072 of the Texas
or value of real property located
Section 551.087 of the Texas
)rmation the board has received
a financial or other incentive to
A motion was made by Leonard Powell for the Board to recommend approval of an incentive for
building demolition and site work in the amount of $200,000 for tonebridge Health as discussed in
executive session. Second by Kevin Braby with all ayes.
A motion was made by Leonard Powell for the Board to apprn
amount of $50,000 for the expansion of production capab
Second by Brian Buffington with all ayes.
ADJOURNMENT
President T Tvardzik adjourned the meeting at 7:40pm.
r
Diane L mmons 4��
Tom vardzik
Recording Secretay President
L
incentive for 011io Patisserie in the
as discussed in executive session.