HomeMy WebLinkAboutMinutes - Economic Development Corp. (EDC) - 07/12/2023 - RegularCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
MINUTES - JULY 12, 2023
The Regular Session of The Colony Economic Development Corporation of The City of The Colony, Texas was
called to order at 7:07 pm on the 12th of July, 2023 THE COLONY, TEXAS, with the following roll call:
Tom Tvardzik
President
Present
Kevin Braby
Vice President
Present
Leonard Powell
Member
Present
Brian Buffington
Member
Present
Dave Hicinbothem
Member
Absent
Perry Schrag
Council Liaison
Present
Keri Samford
Staff
Present
Diane Lemmons
Staff
Present
Amber Downing
Staff
via Phone
1.0 1 ROUTINE ANNOUNCEMENTS; RECOGNITIONS:
Call to Order: President, Tom Tvardzik, called the meeting to order at 7:107pm.
Announcement of events and activities':
• Stars Tickets
• 251h Annual Golf Tournament
• Vehicle
• BIG Grants
• ELM
• Duck Derby
• Sports Books
• Former Urban 8
• CH Hawaiian
• Dutch Bros
• Preemption Laws
• 011io
• Taste of The Colony
2.0 1 CONSENT AGENDA
2.1 Acceptance of financial reports through June, 2023
2.2 Acceptance of marketing and print advertising update
2.3 Approval of the minutes of the regular board meeting May 10, 2023
Motion to accept Items 2.1— 2.3, as presented — Leonard Powell; Kevin Braby second , motion passed
with all ayes.
' These items are strictly public service announcements. No action will be taken and no direction will be given regarding these items.
3.0 1 REGULAR AGENDA
3.1 Discuss and consider the FY 2023-2024 EDC budget.
Executive Director of Development, Keri Samford presented the proposed FY 2023-2024 Annual
Budget.
Motion to accept Items 3.1, as presented — Kevin Braby; Leonard Powell second , motion passed with
all ayes.
4.0 EXECUTIVE SESSION AGENDA
4.1 Board shall convene into a closed executive session pursuant to Section 551.072 of the Texas
Government Code to deliberate the purchase, exchange, lease or value of real property located
in The Colony for economic development purposes.
The board went into executive session at 7.25pm
4.2 Board shall convene into a closed executive session pursuant to Section 551.087 of the Texas
Government Code to deliberate commercial or financial information the board has received
from business prospects, and/or to deliberate the offer of a financial or other incentive to
business prospects.
Reconvene to Open Session
4.3 Action resulting from closed executive session pursuant to Section 551.072 of the Texas
Government Code to deliberate the purchase, exchange, lease or value of real property located
in The Colony for economic development purposes.
4.4 Action resulting from closed executive session pursuant to Section 551.087 of the Texas
Government Code to deliberate commercial or financial information the board has received
from business prospects, and/or to deliberate the offer of a financial or other incentive to
business prospects.
The Board reconvened into regular session at 7:31pm.
No action required.
ADJOURNMENT
President Tom Tvardzik adjourned the meeting at 7.32pm.
Di a Lemrnowv4o
Recording Secretary
Tom T ardzik
President