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HomeMy WebLinkAbout01/11/06 EDC I MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING CITY HALL CONFERENCE ROOM JANUARY 11, 2006 The Regular Session of The Colony Economic Development Corporation of the City of The Colony, Texas, was called to order at 7:02 p.m. on the 11 th day of January 2006, at the City Hall conference room with the following roll call: Board Members: Bob Norris, President Al Garcia, Vice President Kevin Greene, Treasurer Rick Casterline Paul Koenig Perry Schrag, Council Liaison Present Present (arrived at 7:38 p.m.) Absent Present Present Absent (business) I Staff Members Present: Tom Terrall, Director of Economic Development Cindi Lane, Economic Development Specialist Pete Smith, 4A Attorney 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. I Item 4.3. Orientation and discussion of House Bill 914: Tom Terrall introduced Pete Smith, the 4A and City attorney, to the board. Mr. Smith gave a presentation and explanation of H.B. 914 explaining that it pertains to the board of directors of 4A, 4B, the executive directors of each, and City Council members. Basically the bill says that if one of these entities or a close family member of one of these entities has a close relationship with any company that requests any form of economic incentive in writing, that person belonging to the 4A board must file a local government officer conflicts disclosure statement and the company applying for the incentive must be notified that they file a conflict of interest questionnaire within seven days of the written incentive inquiry. Other main points discussed were that (1) the local government is to provide a list of officials subject to the statute, and, (2) the corporation is required to provide access to the conflicts disclosure statements and conflict disclosure questionnaires on the corporation's Internet Web site. Mr. Smith also gave some recommendations to the corporation for record keeping. The board asked questions and there was brief discussion. 2.0. CONSENT AGENDA Item 2.1. Reports: a. Cash flow projection b. Monthly ~ Cent Sales Tax graph c. Tax Allocation Summary for December d. Summary of current activity regarding development e. Marketing update f. Report on DFW Marketing Team Steering Committee g. NTCAR Breakfast January 19, 2006 h. Quarterly city manager report (a) Tom Terrall reported that although November sales tax was a little short of projection, December sales tax was greater than projected. (b) Mr. Terrall said that the graph shows a growing, strong economy. (c) President Norris commented that the sales tax summary shows that the sales tax revenue is up over 11 % from last year. (d) Mr. Terrall reported that in his update discussion with the Director of Development, Donna Bateman, Marine Quest has submitted plans for much of its development including a marina, dry dock, a restaurant, lodge, boat & storage expansion, and other miscellaneous items. A take-and-bake pizza restaurant is moving into one of the shopping strips in the Wal-Mart center. (e) Cindi Lane reported that an ad ran in the Book of Lists special edition of the Dallas Business Journal in December. She did not have web site statistics due to not having access to her computer because of moving to a different location within City Hall. OnMessage has almost completed the newly designed print ads and is still working on the web site. In a meeting with Mr. Terrall and Ms. Lane earlier in the day, they said the new web site should be live in mid February. (f) Mr. Terrall said that he is no longer on the Steering Committee but will give a quarterly report on the DFW Marketing team. (g) The NTCAR breakfast is next week, January 19th and this is the largest attended breakfast of the year because it features a forecast from experts in commercial real estate. Mr. Terrall will have an opportunity to speak for a few minutes and will discuss the Wynnwood development and the progress on S.H. 121 construction in The Colony. He will also remind everyone of the new Cascades development under construction. (h) Mr. Terrall will process the payment request from Jackson-Shaw the first week of February and will issue a check for approximately 1.1 million dollars. He will replace those funds with the bond money that should be available later in February. Item 2.2. Approval of the minutes of the regular board meeting held December 14, 200S: President Norris asked if there were any corrections, changes or additions that anyone would like to make and there were none. Al Garcia made a motion to EDC Minutes January 12,2005, Page 2 I I I accept the minutes as written. The motion was seconded by Rick Casterline and all members voted in favor. 3.0 PUBLIC COMMENTS 3.1. Public Input: There was no public input. 4.0 REGULAR AGENDA Item 4.1. Discussion and appropriate action concerning election of officers: (a) president, (b) vice president, (c) Secretary, (d) treasurer: President Norris explained the job responsibilities for each officer and Mr. Garcia opened the floor for nominations for president. Mr. Garcia made a motion to nominate Bob Norris. There were no other nominations. Mr. Norris accepted and he was named President by acclimation. President Norris opened the floor for nominations for Vice President. Mr. Casterline nominated Al Garcia. Mr. Garcia accepted the nomination and there were no other nominations. Mr. Garcia was named Vice President by acclimation. President Norris opened the floor for Secretary nominations. Vice President Garcia nominated Rick Casterline for Secretary. There were no other nominations. Mr. Casterline accepted the nomination and was named Secretary by acclimation. President Norris opened the floor for Treasurer nominations. Vice President Garcia nominated Kevin Greene for Treasurer. There were no other nominations. Mr. Greene was named Treasurer by acclimation although he was not present to accept the nomination. Item 4.2. Discussion and appropriate action for up to two 4A board members attending the ICSC tradeshow May 21-24, 2006: Mr. Terrall explained that plans need to be made to include board and/or council members to make reservations and that is why this item was placed on the agenda. He said he wanted to find out how many board members would like to attend the tradeshow first, so then he will know how many openings would be left when he approaches the council members. Paul Koenig said he would like to attend and would be available on the dates required. Mr. Terrall said that if anyone else on the board is able to go, please let him or Ms. Lane know by the end of January. Item 4.4 EXECUTIVE SESSION as authorized by section 551.087 of the Local Government Code regarding Economic Development, to-wit: A. 4A shall convene into a closed executive session pursuant to section 51.087 of the TEXAS LOCAL GOVERNMENT CODE To deliberate an amendment to an incentive agreement for a business prospect: There was no executive session held. EDC Minutes January 12, 2005, Page 3 Item 4.5: Consideration of appropriate action to be taken as a result of executive session: A. There was no action taken. President Norris adjourned the 4A board at 8:05 p.m. . ~~ Cindi Lane Economic Development Specialist /f~f~~ Robert E. Norris ' . President EDC Minutes January 12,2005, Page 4