HomeMy WebLinkAbout01/09/02 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
CITY HALL COUNCIL CHAMBERS
JANUARY 9, 2002
The Regular Session of The Colony Economic Development Corporation of the City of
The Colony, Texas, was called to order at 7:00 p.m. on the 9~h day of January 2002, at
City Hall with the following roll call:
A1 Garcia, President Present
Bob Norris Present
Tia Hamlin Present
Norman Lang Present
Kevin Greene Present
And with five voting members present, a quorum was established and the following items
were addressed:
Item 1.1. Pledge of Allegiance: Al Garcia led in the Pledge of Allegiance. He then
introduced the three new board members and welcomed them to the board.
2.0. CONSENT AGENDA
Item 2.1. Reports:
a. Cash flow projection
b. Tax Allocation Summary for December
c. Monthly ½ Cent Sales Tax graph
d. Monthly report from December to City Manager
e. Progress report regarding Shapiro and Company
Tom Terrall explained the protocol for covering the reports at board meetings.
Since this was the first meeting for three of the board members, he went through
each report explaining what each was designed to show. He explained how the
cash flow projection was set up, how the monthly tax dollars are reported and
credited to the city, the sales tax graph and the monthly city manager report that
outlines the highlights of the staff's time spent for the previous month. Mr. Terrall
pointed out that although several cities are reporting less sales tax this year than
last year, The Colony is showing an increase. Mr. Terrall gave a report of the
work that Shapiro & Company is currently doing in the promotion of economic
development with newly developed Dallas Business Journal ads. President Garcia
asked Mr. Terrall if Shapiro could come to the board in the next month or two to
make a presentation of what they are working on and what they can do for The
Colony. Mr. Terrall replied that he would not anticipate Shapiro coming back to
make the same presentation but he would check with them to find out if they
could bring the board up to speed on what is being worked on. President Garcia
thought it might be helpful if this new board met the representatives of Shapiro.
Item 2.2. Approval of the minutes of the board meeting held December 19, 2001:
Bob Norris made a motion to accept the minutes from December 19, 2001 as
written. President Garcia seconded. There was no vote taken because the other
three voting members were not on the board last month.
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 Garcia
opened the floor for nominations for President. Mr. Norris nominated A1 Garcia.
Kevin Greene seconded the nomination. There were no other nominations. The
motion passed with all members voting in favor. President Garcia opened the
floor for nominations for Vice President. Tia Hamlin nominated Bob Norris for
Vice President. There were no other nominations. All members voted in favor.
President Garcia opened the floor for nominations for Secretary. Mr. Greene
nominated Tia Hamlin for Secretary. There were no other nominations. All
members voted aye. President Garcia opened the floor for Treasurer. Norman
Lang nominated Kevin Greene. There were no other nominations. All members
voted aye. The 2002 officers voted in are Al Garcia - President, Bob Non-is -
Vice President, Tia Hamlin - Secretary, and Kevin Greene - Treasurer. President
Garcia expressed his gratitude of the new board members and stated that they
serve as a good representation of the city and he is looking forward to working
with them and with Shapiro.
Item 4.2. 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 executive session.
Item 4.3. Consideration of appropriate action to be taken as a result of executive session: No action was taken. No executive session took place.
EDC Minutes January 9, 2002, Page 2
President Garcia adjourned the meeting at 7:10 p.m.
Cindi Lane ~ A1
Administrative Assistant
EDC Minutes January 9, 2002, Page 3