HomeMy WebLinkAboutMinutes - Economic Development Corp. (EDC) - 06/12/2024 - RegularCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
MINUTES —June 12, 2024
The Regular Session of The Colony Economic Development Corporation of The City of The Colony, Texas was
called to order at 7:00pm on the 12th of June, 2024 THE COLONY, TEXAS, with the following roll call:
Tom Tvardzik
President
Excused
Kevin Braby
Vice President
Present
Leonard Powell
Member
Present
Brian Buffington
Member
Present
Dave Hicinbothem
Member
Present
Perry Schrag
Council Liaison
Present
Keri Samford
Staff
Present
Diane Lemmons
Staff
Present
Amber Downing
Staff
Present
1.0 1 ROUTINE ANNOUNCEMENTS; RECOGNITIONS:
Call to Order: VicePresident, Kevin Braby, called the meeting to order at 7:00pm.
Announcement of events and activities':
• Kevin, Dave & Brian reappointed to the board until 2027
• ICSC — went well, have had prospect meetings/calls as a result
• Mays & Rangers books have arrived
• Rackhouse — helping with tree/sign issue
• Stonebridge — working to get old building down
• TEDC—Amber & Diane attended the Mid Year conference, Diane has been accepted into the CTED
(Certified Texas Economic Developer) course
• Music Friendly —workshop complete, next steps to set up committee, complete directory and
coordinate date/event for certification presentation.
• BIG Grants —Simply Unwine, Julie's sweets.
• 011io — Construction complete
• Fiber Loop —we are now online with the new fiber
• Generator —Anticipate to be complete within the next month
• The Colony Chamber — new executive Kelly is doing well
• Knockouts has been sold and is now Playmakers88 — opened on 6/12
• Akira Back has closed
• City Council approved multi -family housing behind Abuelo's shopping center
2.0 1 CONSENT AGENDA
2.1 Acceptance of financial reports through April, 2024
2.2 Acceptance of marketing and print advertising update
2.3 Approval of the minutes of the regular board meeting April 10, 2024
Motion to accept Items 2.1 — 2.3, as presented — Leonard Powell, Brian Buffington second , motion
passed with all ayes.
I 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 No items to consider
4.0 1 EXECUTIVE SESSION AGENDA
4.1 Board shall convene into a closed executive session pursuant to Sections 551.072 and 551.087 of the
Texas Government Code to deliberate regarding purchase, exchange, lease or value of real property and
commercial or financial information the city has received from a business prospect(s), and to deliberate
the offer of a financial or other incentive to a business prospect(s).
The board went into executive session at 7.25pm
Reconvene to Open Session
The Board reconvened into regular session at 7:32pm
4.2 Any action as a result of executive session regarding purchase, exchange, lease or value of real property
and commercial or financial information the city has received from a business prospect(s), and the offer
of a financial or other incentive to a business prospect(s).
No Action
ADJOURNMENT
Vice President Kevin Braby adjourned the meeting at 7.33pm.
*�AVA 16TW Wu
er Downing
Recording Secretary
Kevin Braby
Vice President