HomeMy WebLinkAbout10/12/2022 EDCCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
October 12, 2022
The Regular Session of The Colony Economic Development Corporation of The City of The Colony,
Texas was called to order at 7:02 p.m. on the 12thof October, 2022 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: Vice President, Kevin Braby, called the meeting to order at 7:02 p.m.
Announcement of events and activities':
• Comptroller ruling on destination/origin and legislature.
• 380 Agreements.
• Live Oaks Logistics — HVAC set backs. Warehouses can move in, offices have to wait.
• New businesses — Dunkin', Taco Casa, LSA, & Tarot Reading
• Roof repairs complete.
Citizen Input: There was no citizen input.
2.0 1 CONSENT AGENDA
2.1 Acceptance of financial reports through September 2022
2.2 Approval of the minutes of the regular board meeting July 13, 2022
2.3 Acceptance of marketing and print advertising update
Motion to accept Items 2.1 — 2.3, as presented — Dave Hicinbothem; Leonard Powell 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
4.0 1 EXECUTIVE 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 7:08 and reconvened at 7:24 p.m.
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.
Motion to approve the first amendment to the Cooperative Sourcing performance agreement: Leonard
Powell; second: Brian Buffington, all ayes
Motion to approve the first amendment to the Uber Inc performance agreement: Dave Hicinbothem,
second; Leonard Powell, all ayes.
ADJOURNMENT
Vice President Kevin Braby adjourned the meeting at 7:32 p.m.
�.:/ll:77 !�
t
Recording Secretary
Tom vardzik
President
EDC Minutes July 13, 2022, Page 2