HomeMy WebLinkAbout03/30/94 EDC MINUTES OF THE ECONOMIC DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
HELD ON
MARCH 30, 1994
The first meeting of the £conomic Development Corporation Board of Directors for the
City of The Colony, Texas was called to order at 7:05 p.m. on the $0th day of March, 1994,
at City Hall. The following persons were in attendance:
Joe Agnew, Councilman
Jeffrey Cunningham, Member
Clark Lurid, Member
Martha Fujauski, Member
Cathy Wood, Staff Liaison, Executive V.P., Chamber of Commerce
Bob van Til, Administrative Staff Planner
Patti Hicks, Interim City Manager
Paul Tidwell, Member, The Colony 2000 Committee
Councilman Agnew served as Chairman and asked each one present to introduce
themselves. Mr. Frank Cuda, Member of the Board arrived during the introductions.
3. GENERAL DISCUSSION OF GOALS AND OBJECTIVES
Paul Tidwell gave a brief background of the Corporation and stated that a Chamber
representative is needed to serve on the board. He suggested that perhaps one of the
members join the Chamber either as an individual or through their corporation and then
serve as the Chamber representative. Cathy Wood explained the Program of Work for the
Chamber of Commerce.
The group then discussed the goals and purpose of the corporation. A plan received
from the City of Colleyville was distributed to all members for their review. Cathy Wood
advised that Tom Palmer, the Economic Development Coordinator from Frisco has offered
to come and speak to the Board. She also suggested that the Board meet with The Colony
2000 Committee.
Bob van Til noted that a hindrance to the actions of the board will be funding stating
the Corporation needs to address how to raise revenues with which to operate. He said one
purpose of the Corporation will be to help businesses stay in operation as well as recruiting
new businesses to the City. Mr. van Til suggested creating a Small Business Incubator. He
also noted that the Dallas Chamber advises all the surrounding cities when a business is
ready to relocate. He also explained the Mayor's Economic Development Task Force and
distributed their Strategic Plan.
Martha Fujauski said the board needs to know what land is available, what is vacant
is the shopping centers and data on businesses that have closed.
Councilman Agnew said he thinks the Board needs to focus on where it has been,
where it is and where it should go.
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1. CONDUCT DRAWING TO DETERMINE INITIAL TERMS OF OFFICE
The Board agreed that the initial one year term will go to the appointed Council
representative. At this time, the other members drew for the initial terms of office, which
are as follows:
Martha Fujauski - 3 year term, Clark Lund- 3 year term
Jeff Cunningham - 2 year term, Frank Cuda - 2 year term
2. ELECTION OF OFFICERS
It was the consensus of the members that the election of officers should be postponed
until after the election of council on May 7, 1994.
The next meeting will be held April 19, 1994 at the Chamber of Commerce building at 7:00
p.m. They will meet with The Colony 2000 Committee.
The meeting was adjourned at 8:35 p.m.
Respectfully submitted,
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Patti A. Hicks, TRMC, City Secretary