Loading...
HomeMy WebLinkAboutMinutes - Community Development Corp. (CDC) - 05/14/2026 - RegularMINUTES OF THE JOINT SPECIAL SESSION OF THE COMMUNITY DEVELOPMENT CORPORATION THURSDAY, MAY 14"', 2026 The Joint Special Session of City Council & The Community Development Corporation of the City of The Colony, Texas, was called to order at 6:30 p.m. on the 14"' day of May 2026 at City Hall, 6053 Main Street, The Colony, Texas, with the following roll call: Allen Harris, President Present Tim Miller Staff Joshua Knapp, Vice President Present Brant Shallenburger Staff Wesley Bledsoe, Treasurer Absent Jackie Kopsa Staff Kathy Ray, Secretary Present Marlisa Jemison Staff Dan Mahle, Board Member Absent Calvin Lehman Staff Randy Dull, Board Member Absent Matthew McCallum Recording Secretary Jim Owens, Board Member Present City Council Members Present — Mayor Richard Boyer Robyn Holtz Dan Rainey Judy Ensweiler Joel Marks Perry Schrag And with four board members present, a quorum was established and the following items were addressed: 1.0 ROUTINE ANNOUNCEMENTS AND RECOGNITIONS 1.1 Call to Order - City Council - Community Development Corporation The meeting was called to order at 6:30 pm. 1.2 Pledge of Allegiance to the United States Flag 1.3 Salute to the Texas Flag 1.4 Receive presentation from staff regarding upcoming events and activities 1.5 Items of Community Interest 2.0 CITIZEN INPUT None. 3.0 CONSENT AGENDA 3.1 Consider approval of minutes of the April 9, 2026 Regular Session. Motion to approve — Knapp — Second — Ray; passes with all ayes. 3.2 Consider acceptance of the CDC financial reports for March 2026. Motion to approve — Knapp — Second — Ray; passes with all ayes. 4.0 REGULAR AGENDA ITEMS 4.1 City Council and the Community Development Corporation Board of Directors to jointly conduct a work session to discuss upcoming/current CDC projects as follows and provide direction to staff. Subject matter will include project planning and development, budgets/funding, locations, scope of projects, and timelines. - Bond Discussion for future projects - CDC proposed CIP list for Fiscal Year 2026-2027 & prior projects - Lake Parks Fund proposed CIP list for Fiscal Year 2026-2027 & prior projects Jackie began the meeting between the CDC and City Council by proposing a new plan for future PARD development projects regarding the CDC. Essentially, the CDC would take out a 20- or 30 year bond to fund PARD projects, which would ultimately save money, especially on construction costs. Tim Miller, Assistant City Manager, elaborated on the concept. The City is almost at issuing capacityfor bonds, so in the case of'this particular project, the CDC would be the issuer. Tim discussed how the CDC allocates its funding, referenced the 20- and 30 year bond sheets within the agenda packet, and noted that using an alternative issuer has been done before. He ultimately thinks the plan is doable. Jackie then discussed the CDC Priority Projects. PARD is already working on multiple projects; if future projects are delayed, construction costs will continue to rise. She explained that a priority project list was developed and presented to the CDC last month. The new Rec Center and pickleball courts are the main projects, while a master plan for the space behind the Rec Center will eventually be determined. The BB Owen and Turner projects have already started and are under design. The splash pad at the Aquatic Park and the office space need to be updated, while Camey and the Softball Complex round out the list. She explained that the bonding process allows these projects to be completed much faster. Both the CDC and City Council then weighed in on the conversation. Jackie asked Council if'they wanted to pursue the bond and if'they had any reservations about the project priorities. Ideally, everything would be completed by the 2031 budget cycle. Mr. Harris discussed the 20 - and 30 year bond options fom the CDCs perspective. Jackie mentioned that the goal is to pay the bond off as early as possible while still remaining conservative in the event of' a slower economy. Brant Shallenberger, Deputy City Manager, reiterated that the LISD payment is not part of'the bond and will be paid off in the next budget cycle, while discussing construction costs and project scope with City Council. He also explained that the funds from the bond do not impact or go towards the Stewart Creek Park renovations. Council then discussed several oj'the projects and the bonding process, including the Aquatic Park splash pad. Jackie explained that replacement parts are no longer obtainable for the splash pad because it is outdated. City Council stated they would prefer another aquatic amenity instead of 'a splash pad, given that there is already a free one near the current Rec Center. Jackie asked Council if they preferred a 20- or 30 - year bond. Tim recommended the 30 year option, and Council agreed to the 30 year bond. 4.2 Discuss and consider approving a resolution to authorize a budget amendment to fiscal year 2025-2026 for $80,000.00 to be used to repair the water well at Five Star. Jackie discussed the project and the City's responsibilities as it still pertains to Five Star/The Athletic Club. Motion to approve — Knapp — Second — Harris; passes with all ayes_ i 4.3 Adjournment of City Council The Council members adjourned at 7:47p.m. 4.4 Receive an update from staff and discuss the following items: - CiP project schedule Previously discussed. 4.5 Board to request items to be placed on a future agenda. None. ADJOURNMENT With there being no further business to discuss, the meeting ► rs jour ed r .: 50 pm. r Matthew McCallum, Recording Secretary Allen VA, President J