HomeMy WebLinkAbout05/08/02 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
CITY HALL COUNCIL CHAMBERS
MAY 8, 20O2
The Regular Session of The Colony Economic Development Corporation o£the City of
The Colony, Texas, was called to order at 7:00 p.m. on the 8ca day of May 2002, at City
Hall with the following roll call:
A1 Garcia, President Present
Bob Norris Present
Tia Hamlin Absent (Business)
Norman Lang Present
Kevin Greene Present
And wkh four voting members present, a quorum was established and the following
items were addressed:
Item 1.1. Pledge of Allegiance: A1 Garcia led in the Pledge of Allegiance.
2.0. CONSENT AGENDA
Item 2.1. Reports:
a. Cash flow projection
b. Tax Allocation Summary for April
c. Monthly ½ Cent Sales Tax graph
d. Monthly report from April to City Manager
e. Website update
f. Shapiro marketing update
g. Allies Day update
h. Denton County Transportation Authority update
i. Texas Economic Development Council conference update
Tom Terrall pointed out that the sales tax revenue continues to be ahead of
projections. The sales tax graph shows an increase of 29% from the base year of
2000, Mr. TerralI made reference to the City Manager's report in several places
mentioning several items. Follow up continues with two partners who have an
interest in expanding their restaurant chain into this part of the Metroplex. At last
contact, one partner indicated that their interest was still alive. They are interested
in property aIong Main Street. Mr. Terrall mentioned he had attended the Texas
Economic Development Council (TEDC) conference and would give more details
later in the meeting but that the main concern of the conference was the use of 4A
and 4B sales tax. He is in communication with the National Association of
Industrial and Office Properties (NAIOP) about partnering on this year's annual
golf tournament this fall. Also discussed was a marketing campaign Mr. Terrall is
working on with Shapiro & Company regarding a mail-out postcard game in
which someone who receives and keeps the three postcards being mailed out will
win a prize. There was discussion of the progress that is being made on website
revisions. The board reviewed sample pages of revisions to look at format. Mr.
Lang said that these ideas are a tremendous improvemem. President Garcia stated
that this board has done a good job by approving the funding to make these
improvements. He suggested using more pictures and taking monthly pictures of
the community complex as the phases of construction are completed. Mr. Norris
suggested spotlighting different areas of the ciW each month so that there is
always something new to see on the website. On the subject of the marketing
update, Mr. TerraI1 informed the board that the postcards have been designed and
that the pocket folders are in print and will be delivered soon. Mr. Terrall
explained his involvement with the Denton Coun~ Transportation Authority. He
discussed the public meeting held last month and the presentation given at The
Colony Chamber luncheon. He explained that there would be another public
meeting next month to introduce the service plan and obtain public input. He
made the board aware that he is attending several DCTA meetings each month.
He told the 4A Board about the Texas Economic Development Spring Conference
he attended a coupIe of weeks ago. Of concern at the conference was the use of
4A and 4B sales tax. Mr. Terrall serves on two committees, the Membership and
Conference committees. The turnout for this conference was excellent.
Item 2.2. Approval of the minutes of the board meeting held April 10, 2002: Mr.
Norris made a motion to accept the minutes ~om Apr~ I0, 2002 as written. Norm
Lang seconded. The motion passed with all members voting 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 regarding review and approval of the
Christian Community Action Economic Development Incentive Agreement
and authorization of signature by the 4A Board president: Mr. Terrall
explained that the reason this agenda item was tabled last month was due to last
minute proposed changes requested by the client. The draft contract in the 4A
Board packet is the acceptable and final draft. The client proposed three changes
to be made. (1)The substitutiOn of the word "position" for "employee"; (2) the
insertion of a "Force Majeure" clause; and (3) a definition of the word "monies."
Upon review by Mr. Terrall and the city attorney, it was decided to adjust the
EDC Minutes May 8, 2002, Page 2
employee's minimum length of employment requirement to three months instead
of six months, to add the "Force Majeure" clause and to add the word "cash"
before "monies. The client was pleased with the revisions. Mr. Norris made a
motion to accept the contract as revised and authorize it to be signed by the 4A
president. Kevin Greene seconded the motion and the motion passed with all
members voted aye.
Item 4.2. Discussion of Lt. Gov. Bill Ratliff's presentation at the TEDC conference:
Mr. Terrall summarized Lt. Gov. Bill Ratliff's presentation to the board. Lt. Gov.
Ratliff saying that Lt. Gov. Ratliff authored the bill that brought the 4A and 4B
sales tax to Texas but he has learned that some cities have misused the funds. He
said he would author a repeal of legislation if the abuse continues. Mr. Terrall said
that as the 4A Board continues with projects we need to make sure to stay out of
the gray area. Decisions that are made are subject to be more under the spotlight.
Mr. Terrall said that he would keep the board informed as to any further
information as it arises. President Garcia commented that anytime the taxpayer's
money is involved there are more eyes watching. He commended the board for
being frugal and careful about how money is spent.
Item 4.3. EXECUTIVE SESSION as authorized by section 550.086 of the Local
Government Code Economic Development, to-wit:
A. To deliberate the offer of a financial or other incentive to a business
prospect.
The board did not go into an executive session.
Item 4.4. Consideration of appropriate action to be taken as a result of executive
session: Since there was no executive session, no action was taken.
President Garcia adjourned the meeting at 7:30 p.m.
Cindi Lane a
Administrative Assistant President
EDC Minutes May 8, 2002, Page 3