HomeMy WebLinkAbout10/26/94 EDC MINUTES OF ~ ECONOMIC DEVELOPMENT CORPORATION
BOARD O1~ DIRECTORS
I:rELD ON
OCTOBER 26, 1994
A meetin~ of the Economic Development Corporation Board of Directors for the City of
The Colony, Texas was called to order at 7:43 pm on the 26th day of October, 1994 at
the Chamber of Commerce. The following persons were in attendance:
John Dillard, Councilman; Vice President
Jeffrey Cnnningham, President
Martha Fujauski, Secretary
Loft Harlan, Economic Development Coordinator
Clark Lund and Frank Cuda were absent.
Loft IIarlan discussed the design of letterhead and stationary for the Economic
Development Corporation.
Martha Fujauski discussed the need for new promotional materials, as the
Chamber of Commerce brochures were outdated.
Jeffrey Cuxmingham discussed with Loft Harlan the potential for additional
information on obtaining economic development grants for the city.
A general discussion on the class 4A/4B tax structure and bond processes was
held including advantages and disadvantages of both. Councilman Dillard and Lori
Harlan noted potential uses of 4 B funds for streets, roads, infras~e improvements,
recreation, and sports facilities. Jeffrey Cunnin~ recommended retaining both
4A and 4B Economic Development Corporations.
It was suggested that Frank Cuda keep a ledger of incoming and outgoing funds
by Jeffrey Cmmingham.
A general discussion was also held on establishing a Mission Statement.
Councilman Dillard and Jeffrey Cunningham stated that the mission statement must have
tangibility. Councilman Dillard proposed the following Mission Statement:
MISSION STATEMENT:
"The purpose of The Colony Economic Development Corporation is to facilitate
economic development, growth, and a positive quality of life in the city of The Colony".
Meeting at 7:00 am on Wednesday mornings was determined to be inadvisable.
The meeting was adjourned at 8:42 PM
Rcspectfifl~__._ly. submitted, ./~, .~
Martha Fujauski, ~ecrexary
Economic Development Corporation
Board of Directors