HomeMy WebLinkAboutMinutes - Economic Development Corp. (EDC) - 07/10/2024 - RegularCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
MINUTES —July 10, 2024
The Regular Session of The Colony Economic Development Corporation of The City of The Colony, Texas was
called to order at 6:50pm on the 10th of July, 2024 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
Excused
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: President, Tom Tvardzik, called the meeting to order at 6:50pm.
Announcement of events and activities':
• ICSC follow-up, retail store not relocating
• Rackhouse— tree/sign issues resolved
• Stonebridge —working with planning
• Corporate relocation — California based company looking to combine Dallas & California offices at Live
Oak Logistics
• CoreNet Global will be hosting their annual golf tournament at the Old American on 10/21
• Diane completed first 2 of 8 courses for CTED (Certified Texas Economic Developer)
• Music Friendly — committee members have been chosen, next step to plan certification event
• BIG Grants — Cascades parking lot striping
• 011io — Renovations complete
• Portillo's — catering event, sign up if wanting to attend
• Fiber Loop — we are now online with the new fiber
• Generator— installed, waiting on electricians to come set up that portion, then fencing around unit
• New Shopping Center — now leasing. Geico & Sharkey's Cuts for Kids have signed.
• WorldSprings — now open
• Knockouts has been sold and is now Playmakers88 —grand opening events 7/12 & 7/13
• Aaron's space will be converted to a doggie daycare
2.0 1 CONSENT AGENDA
2.1 Acceptance of financial reports through May, 2024
2.2 Acceptance of marketing and print advertising update
2.3 Approval of the minutes of the regular board meeting June 12, 2024
Motion to accept Items 2.1 — 2.3, as presented — Kevin Braby, Leonard Powell second , motion passed
with all ayes.
1 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 2024-2025 EDC budget.
Motion to accept Item 3.1, as presented — Leonard Powell, Brian Buffington second , motion passed
with all ayes.
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 7.27pm
Reconvene to Open Session
The Board reconvened into regular session at 7.41pm
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
President Tom Tvardzik adjourned the meeting at 7:41 pm.
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�1 ber Downing Tom fvardzik
Recording Secretary President