HomeMy WebLinkAboutMinutes - Economic Development Corp. (EDC) - 04/09/2025 - RegularCITY OF THE COLONY
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
MINUTES—April 9, 2025
The Regular Session of The Colony Economic Development Corporation of The City of The Colony, Texas was
called to order at 7:07 pm on the 9th of April, 2025 THE COLONY, TEXAS, with the following roll call:
Tom Tvardzik
President
Present
Kevin Braby
Vice President
Present
Leonard Powell
Member
Present
Brian Buffington
Secretary
Present
Dave Hicinbothem
Member
Present
Perry Schrag
Council Liaison
Absent
Keri Samford
Staff
Present
Diane Lemmons
Staff
Present
Brendan Brooke
Staff
Present
1.0 ROUTINE ANNOUNCEMENTS; RECOGNITIONS:
Call to Order: President, Tom Tvardzik, called the meeting to order at 7:07 pm.
Announcement of events and activities':
6 Stonebridge Health BRAG
0 5000 Main Landscaping
Seidler Dentistry BIG
Grandscape Homestead
■ BRE Page on Website
• Denton County Area EDC Luncheon
■ EDC Week May 11th
i Stars Playoff
4 Legislative Bills
• ICSC Dallas Popstroke
m Chamber Gala
Y TEDC Basic & Mid -year Conference
R Budget Draft Discussion
■ Incubator Final Pitch April 17'
• Fritz's Adventure Park Open
■ Balanced Rock Brewing Open
• LSA Open in New Space
2.0 CONSENT AGENDA
2.1 Acceptance of financial reports through March, 2025
2.2 Approval of the minutes of the regular board meeting January 8, 2025
2.3 Acceptance of marketing and print advertising update
1 These items are strictly public service announcements. No action will be taken and no direction will be given regarding these items.
Motion to accept Items 2.1 — 2.3, as presented — Kevin Braby, Dave Hicinbothem second — motion
passed with all ayes.
3.0 REGULAR AGENDA
3.1 Discussion and appropriate action concerning election of officers: (a) president, (b) vice president, (c)
secretary, (d) treasurer
Motion to nominate Tom Tvardzik as president, Kevin Braby as Vice President, and Brian Buffington as
Secretary as presented — Kevin Braby, Dave Hicinbothem second — motion passed with all ayes.
J 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 7:25pm.
Reconvene to Open Session
The board reconvened into regular session at 8:04 pm.
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).
Leonard Powell made a motion to recommend approval of the performance agreement between The
Colony Economic Development Corporation and Luna Crossing in the amount of $39,343.15 for site
work and infrastructure. Motion was Seconded by Brian Buffington — motion passed with all ayes.
ADJOURNMENT
President Tom Tvardzik adjourned the meeting at 8:05 pm.
Brendan Brooke,
Recording Secretary
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