HomeMy WebLinkAbout05/10/2023CITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
May 10, 2023
The Regular Session of The Colony Economic Development Corporation of The City of The Colony,
Texas was called to order at 7:05pm on the 10th of May, 2023 THE COLONY, TEXAS, with the following
roll call:
Tom Tvardzik
President
Present
Kevin Braby
Vice President
Present
Leonard Powell
Member
Absent
Brian Buffington
Member
Present
Dave Hicinbothem
Member
Present
Perry Schrag
Council Liaison
Present
Brian Wade
Alternate Council Liaison
Absent
Keri Samford
Staff
Present
Diane Lemmons
Staff
Present
Amber Downing
Staff
Present
1.0 I ROUTINE ANNOUNCEMENTS; RECOGNITIONS: I
Call to Order: President, Tom Tvardzik, called the meeting to order at 7:05pm.
Announcement of events and activities':
• 251h Anniversary Golf Tournament
o Monday, October 23rd
• BIG grants — 4 approved
• Fiber Loop — all conduit almost complete
• Denton County Commissioners Court — Economic Excellence Award
• Chamber Duck Derby — September 30th @ Hawaiian Waters, will be title sponsor
• His Story — Opening May 18th
• Traffic Counts — Will be completed next week
• Sports Books — NCAA Women's Final Four & Dallas Stars
• Urban 8 — Brewpub started work
• Popstroke & Cosm — Approved @ City Council
• PIE — Moved to a bigger space in Cascades
• Small Business Week & Economic Development Week
• TCHS — Entrepreneurship Program Pitch Night
• Draft Budget — June 15t for first director's meeting, July or August to Board
Citizen Input: There was no citizen input.
2.0 1 CONSENT AGENDA
2.1 Acceptance of financial reports through April 2023
2.2 Approval of the minutes of the regular board meeting March 8, 2023
'These items are strictly public service announcements. No action will betaken and no direction will be given regarding these
items.
2.3 Acceptance of marketing and print advertising update
Motion to accept Items 2.1 — 2.3, as presented — Kevin Braby; Dave Hicinbothem second ;
motion passed with all ayes.
3.0 1 REGULAR AGENDA
3.1 Discuss and consider marketing expenditures for 2023.
Motion to approve and authorize the director to spend marketing dollars on the purchase of
two vehicles in the amount of $121,000 — Tom Tvardzik, second — Brian Buffington, motion
passed with all ayes.
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 7:21pm.
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.
The Board reconvened into regular session at 7:27pm.
No action required.
ADJOURNMENT
President Tom Tvardzik adjourned the meeting at 7:28pm.
VAber Downing JTom Tvardzik
Recording Secretary President
EDC Minutes March 8, 2023, Page 2