Loading...
HomeMy WebLinkAbout01/12/00 EDC MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING CITY HALL COUNCIL CHAMBERS JANUARY 12, 2000 Present: President John Gordon Vice President Steven Sims Treasurer A1 Garcia Member Bob Norris Secretary Delaina Hammock (arrived at 7:28 p.m.) Ex-officio Member Sue Walden Staff: Gene Ramsey Cindi Lane Item 1.1. Call to Order: President Gordon called the meeting to order at 7:05 p.m. and led in the Pledge of Allegiance. Item 1.3. Staff Reports: Gene Ramsey discussed the check register, the cash flow projection, the preliminary January sales tax distribution (pointing out that the sales taxes collected for the last four months are up 30% from the previous year,) the monthly 1/2 cent sales tax graph, the December report to the city manager, and the administrative expense report for December. Other reports given were the status of the upcoming prospecting trip and the planning of the Josey Lane Extension opening in late February or early March, and the Spring Allies Day to be scheduled in May. There was discussion about the status of the bermuda grass. Mr. Ramsey will talk with Mike Rood at The Tribute and report the status at the February board meeting. Item 1.4. Report of 4B meeting held November 18, 1999: Sue Walden reviewed the highlights of the 4B joint work session held November 18, 1999 with the 4A Board. Item 2.1. Consideration of approval of the minutes of the board meeting held December 8, 1999: A motion was made by A1 Garcia to accept the minutes of the board meeting held December 8, 1999. Steven Sims seconded the motion and the motion carried with all ayes. Item 2.2. Discussion and appropriate action concerning election of officers: (a) president, (b) vice president, (c) secretary, (d) treasurer: The meeting was turned over to Mr. Ramsey who conducted the election of officers. Mr. Ramsey invited nominations from the board. Al Garcia nominated John Gordon for the position of President. Steven Sims seconded the nomination. All members voted in favor. Mr. Gordon accepted the position of President. Bob Norris nominated Mr. Sims for the position of Vice President. Mr. Garcia seconded the nomination. All members voted in favor and Mr. Sims accepted the position of Vice President. Mr. Gordon nominated Delaina Hammock for the position of Secretary. Mr. Norris seconded the nomination and all voted in favor. Mr. Sims nominated Mr. Garcia for the position of Treasurer. Mr. Norris seconded the nomination and all members voted in favor. Mr. Garcia accepted the position of Treasurer. President Gordon then resumed the control of the meeting. Item 2.3. Discussion and appropriate action regarding signature authorization for signing checks on the 4A checking account: Mr. Norris made a motion to empower the treasurer, A1 Garcia, and the president, John Gordon, to be the authorized signatories for the First State Bank checking account. The motion was amended by Mr. Norris and seconded by Mr. Sims that all checks must also be counter-signed by either the city manager or director of finance. The motion carried with all ayes. Item 2.4. Discussion and appropriate action regarding Economic Development Services: President Gordon would like to schedule a work session in the first part of February possibly on a Saturday or on a weeknight to review the report fxom Economic Development Services and set objectives. Item 2.5. Discussion and appropriate action regarding Zachry Associates: Mr. Ramsey presented the marketing materials and web pages developed by Zachry Associates to the Board and asked the Board to look over the material and make suggestions in the next couple of days so that Zachry can have his materials finalized for the work session with the city council on January 24. Item 2.6. Discussion and appropriate action regarding economic development prospects: Mr. Ramsey reported that Don Blackwood has indicated that he will apply for 4A assistance. President Gordon appointed a negotiation team consisting of Lewis Jue, Steven Sims and Gene Ramsey to meet with Mr. Blackwood and make appropriate recommendations to the board. Item 2.8. Discussion and appropriate action regarding the City of The Colony economic development incentive policy: Mr. Ramsey requested that the board review the economic incentives of our city compared with incentives with surrounding cities and discuss our incentives at the next month's board meeting. Item 2.7. Discussion and appropriate action regarding establishing an "Economic Development Forum": There was discussion of creating a meeting of city stakeholders and developers hosted by the 4A Board to discuss economic development. If the meeting is successful, the board might consider having quarterly meetings in the future. Mr. Ramsey will begin the arrangements and costs and report back to the board at the next meeting. EDC Minutes January 12, 2000, Page 2 of 3 President Gordon adjourned the regular meeting at 7:55 p.m. for an executive session. "Pursuant to the Texas Open Meetings Act, Local Government code Section 551 one or more of the above items may be considered in executive session closed to the public. Any decision held on such matter will be taken or conducted in open session following the conclusion of the executive session". "Closed session of the Board of Directors pursuant to Section 551.086, Tex. Gov. Code to: (1) discuss or deliberate regarding commercial or financial information that the Board of Directors has received from a business prospect that the Board of Directors seeks to have locate, stay, or expand in or near the territory of the City of The Colony and with which the Board is conducting economic development negotiations; (2) deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1)." President Gordon reconvened the meeting at 8:55 p.m. There being no other business, President Gordon adjourned the meeting at~ Cindi Lane Executive Secretary ~Presi~nt EDC Minutes January 12, 2000, Page 3 of 3