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HomeMy WebLinkAbout04/13/05 EDC I MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING CITY HALL CONFERENCE ROOM APRIL 13, 2005 The Regular Session of The Colony Economic Development Corporation of the City of The Colony, Texas, was called to order at 7:11 p.m. on the 13th day of April 2005, at the City Hall conference room with the following roll call: Board Members: Bob Norris, President Al Garcia, Vice President Kevin Greene, Treasurer Bo Trosper, Secretary Perry Schrag, Council Liaison Present Absent (business) Present Present Present I Staff Members Present: Tom Terrall, Director of Economic Development Cindi Lane, Economic Development Specialist And with three voting members present, a quorum was established and the following items were addressed: Item 1.1. Pledge of Allegiance: President Bob Norris led in the Pledge of Allegiance. 2.0. CONSENT AGENDA Item 2.1. Reports: a. Cash flow projection b. Monthly Y2 Cent Sales Tax graph c. Tax Allocation Summary for March d. Summary of current activity regarding development e. Marketing update f. Weitzman/Cencor update g. Quarterly city manager report h. Report on TEDC Board Sub-Committee Action i. Report on DFW Marketing Team Steering Committee j. Report of ICSC Las Vegas tradeshow preparations I (a) Tom Terrall reported for the first six months this fiscal year the revenue is approximately $31,000 ahead the budget and that March sales tax revenue was $12,000 ahead of forecast. (b) The graph reflects the percent of increase from 2003 to 2005. There was an 18% increase this February. (c) The allocation summary is there for the board members to compare our tax revenues with those of other cities. (d) Mr. Terrall reported that LISD is constructing a building on Cougar Alley to use for bus maintenance. A Merlin's Muffler shop is beginning construction. A Wachovia Bank will be built where an existing Mobile gas station is currently at the northeast comer of Main Street and S.H. 121. (e) Cindi Lane reported the website statistics, passed around a copy of an article about The Colony in the February 2005 Business Facilities magazine, and passed around the new aerial maps for the board to review. There was discussion regarding the labeling and Mr. Terrall said he would research it in the morning. (t) Mr. Terrall said that he spoke with Eddie Leibman of The Weitzman Group and things are about the same as they have been the past several months. (g) Mr. Terrall reviewed highlights of the report. He said that the opening of Edward Don building is on schedule and they plan on having a grand opening. He announced that The Tribute won the NAIOP golf tournament again this year and it will be held on September 13th. He is working with a consultant to plan the CoreNet event in Las Vegas this October. Star Insurance had their grand opening last month and their building turned out very nice. (h) Mr. Terrall has had several meetings with this sub-committee and they have worked with a piece of legislation to make a compromise with the legislators as well as several cities to be impacted by this piece of legislation. This particular item pertains to 4B cities only, but this committee also was able for sewer to be included as a portion of the definition of infrastructure. Mr. Terrall said it appears that no more will happen this session. Next week when Mr. Terrall is attending the TEDC conference he will give a report to the Legislative, TEDST A, TEDC, Executive, and Rural committees. (i) Mr. Terrall said the CoreNet event in October is shaping up to be a good event. Right now the committee is looking at venues. The goal is for the attendees to remember Dallas-Fort Worth above all the other hospitality cities when they leave the convention. G) Mr. Terrall and Ms. Lane are in the process of making appointments and putting together a portfolio of current properties. They will probably have more cold calls and fewer appointments this year. Item 2.2. Approval of the minutes of the regular board meeting held March 9, 2005: President Norris asked if there were any corrections, changes or additions that anyone would like to make and there were none. President Norris approved the minutes by acclimation. 3.0 PUBLIC COMMENTS 3.1. Public Input: There was no public input. EDC Minutes April 13, 2005, Page 2 I 4.0 REGULAR AGENDA Item 4.1. Discussion and appropriate action regarding selecting marking company: Tom said that a committee comprised of Mr. Trosper, Mr. Garcia, Bob Sparkman the city purchasing agent, Ms. Lane, and himself viewed presentations from three companies. Mr. Terrall turned the floor over to Mr. Trosper to give a report on their findings. He summarized each presentation and said that the committee decided to recommend OnMessage. He said that the committee felt that OnMessage was the best choice to take our marketing efforts to the next level plus they have worked with several municipalities. There was discussion and questions from the board addressing the contact structure. Mr. Trosper made a motion to accept the RFP submitted by OnMessage to become the new marketing firm contingent upon legal and board approval of the contract. Mr. Greene seconded the motion and the motion passed with Mr. Trosper and President Norris voting in favor and Mr. Greene abstaining. I Item 4.2. Discussion and appropriate action regarding sponsoring NAIOP at The Tribute for their 2nd Annual Golf Tournament: Mr. Terrall explained that NAIOP decided to have their tournament at The Tribute again this year and that it would be basically the same involvement for TCEDC as it was last year. He wanted to make sure that the board was in agreement to be the title sponsor again this year. Mr. Greene made a motion to sponsor the event at $50.00 per golfer who participates. Mr. Trosper seconded and all members voted in favor. Item 4.3 EXECUTIVE SESSION as authorized by section 551.086 of the Local Government Code regarding Economic Development, to-wit: A. To deliberate the offer of a financial or other incentive to a business prospect. The board went into executive session at 8:26 p.m. Item 4.4: Consideration of appropriate action to be taken as a result of executive session: The board came out of executive session at 9:22 p.m. No action was taken. President Norris adjourned the 4A board at 9:23 p.m. turw ~ Ja/'df~~- r~~~' Cindi Lane Robert E. Norris Economic Development Specialist President I EDC Minutes April 13, 2005, Page 3