HomeMy WebLinkAboutMinutes - Community Development Corp. (CDC) - 06/18/2026 - SpecialMINUTES OF THE SPECIAL SESSION
OF THE COMMUNITY DEVELOPMENT CORPORATION
June 18th, 2026
The Special Session of The Community Development Corporation of the City of The Colony, Texas,
was called to order at 6:30 p.m. on the 18th day of June 2026 at City Hall, 6053 Main Street, The
Colony, Texas, with the following roll call:
Allen Harris, President Present Matthew McCallum Recording Secretary
Joshua Knapp, Vice President
Present Jackie Kopsa Staff
Wesley Bledsoe, Treasurer
Present Calvin Lehman Staff
Kathy Ray, Secretary
Present
Dan Mahle, Board Member
Present
Randy Dull, Board Member
Absent
Jim Owens, Board Member
Present
And with six board members present, a quorum was established and the following items were addressed:
1.0 ROUTINE ANNOUNCEMENTS AND RECOGNITIONS
1.1 Call to Order
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
2.0 CITIZENINPUT
Jackie presented Mr. Mahle with a commemorative item for his service to the CDC Board.
3.0 CONSENT AGENDA
3.1 Consideration and approval of a resolution approving The Colony Community Development
Corporation plan of finance to issue sales tax revenue bonds to finance the construction,
renovation, improvement and equipment of public parks and park facilities for the City of The
Colony, Texas; authorizing the Corporation's staff and the Corporation's financial advisor and
Bond counsel to proceed with this plan of finance; and authorizing other matters related thereto.
Jackie explained that this agenda item is a procedural item in nature in order to authorize the proposed
projects, followed by the next steps.
Motion to approve — Bledsoe — Second — Mahle; passes with all ayes.
3.2 Consideration and approval of a resolution setting a public hearing on projects to be undertaken by
The Colony Community Development Corporation; and approving and authorizing publication of
notice of such public hearing.
Jackie explained that a public hearing will have to be advertised and held regarding the proposed
allocation of the sales tax revenue bonds. In conversations with the City's Finance Department,
the earliest the notice of a hearing can be published in the Dallas Morning News is by June 25th.
Once the notice is published, a public hearing will then have to be held. Ultimately, Jackie and the
board agreed on Thursday, July 2 at 9 a. m. for the public hearing.
Motion to approve — Ray — Second — Bledsoe; passes with all ayes.
3.3 Discuss and consider acceptance of the CDC financial reports for April 2026.
Calvin and Jackie discussed the revenue transfer that was noted on the previous financial reports.
Overall, the transfer is a result of the monthly sales tax collections that are attributed to the TRIZ.
Every year, NFM requests an annual disbursement of these funds to pay for projects for the TIRZ.
Essentially, the transfer comes right in and goes right back out while not impacting the CDC fund
balance. This is something that happens annually, but Finance is recording the transaction
differently now. This will be budgeted and accounted for in FY27. Mr. Bledsoe questioned and
suggested better wording of the explanation within the financial document, but had no other
comments.
Motion to approve — Bledsoe — Second — Mahle; passes with all ayes.
3.4 Discuss and consider approving a resolution authorizing the City Manager to sign Contract
Amendment No. 2 in the amount of $178,484.09 with CGC General Contractors, Inc. for the Bill
Allen Memorial Park Erosion Repair Project, with the cost to be divided in half with the
Engineering Department.
Calvin discussed the Bill Allen Park Erosion Repair Project. Mr. Knapp asked when the project
will be completed while Mr. Bledsoe confirmed that the project was already budgeted for. Calvin
and Jackie further discussed the details regarding the project, including that the project will still
come in under budget. The project should be completed within the next 2 months. Mr. Harris
reiterated that the agenda item is to approve CDCs portion of the cost.
Motion to approve — Mahle — Second — Ray; passes with all ayes.
ADJOURNMENT
With there being no further business to discuss, the meeting was adjourned at -54 pm.
Matthew McCallum, Recording Secretary Allen Harris, President
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