HomeMy WebLinkAboutMinutes - Economic Development Corp. (EDC) - 01/08/2025 - RegularCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
MINUTES —January 8, 2025
The Regular Session of The Colony Economic Development Corporation of The City of The Colony, Texas was
called to order at 6:56 pm on the 8th of January, 2025 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
Keri Samford
Staff
Present
Diane Lemmons
Staff
Present
1.0 1 ROUTINE ANNOUNCEMENTS; RECOGNITIONS:
Call to Order: President, Tom Tvardzik, called the meeting to order at 6:56 pm.
Announcement of events and activities':
® Amber Downing - No longer employed by The Colony EDC/City
• Dallas Stars — Prospect tickets available
® Lonzar Meeting
• Business Retention Augmentation Grant — Amore' Wax
• Texas Economic Development Council Winter Conference
• Certified Texas Economic Development Training
• International Council of Shopping Centers Red River Conference
• COSM staff tour
■ Lava Cantina closed for renovations
• Planet Fitness is now open
2.0 1 CONSENT AGENDA
2.1 Acceptance of financial reports through November, 2024
2.2 Approval of the minutes of the regular board meeting December 11, 2024
2.3 Acceptance of marketing and print advertising update
Motion to accept Items 2.1 — 2.3, as presented — Dave Hicinbothem, Kevin Braby second — motion
passed with all ayes.
3.0 1 REGULAR AGENDA 771
3.1 No Items to Discuss
J ' These items are strictly public service announcements. No action will be taken and no direction will be given regarding these items.
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 7.03pm.
Reconvene to Open Session
The board reconvened into regular session at 7.46pm.
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).
A motion to approve the Business Retention Augmentation Grant (BRAG) for Stonebridge Health in the
amount of $75,000 as discussed in executive session was made by Dave Hicinbothem and second by
Kevin Braby - motion passed with all ayes.
ADJOURNMENT
President Tom Tvardzik adjourned the meeting at 7.47pm.
Brendan Brooke,
Recording Secretary
Tonvfvardzik
President