HomeMy WebLinkAbout02/09/00 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
CITY HALL COUNCIL CHAMBERS
FEBRUARY 9, 2000
Present: President John Gordon
Vice President Steven Sims
Treasurer A1 Garcia
Secretary Delaina Hammock
Member Bob Norris
Ex-officio Member Sue Walden
Staff: Gene Ramsey
Cindi Lane
Item 1.1. Call to Order: President Gordon called the meeting to order at 7:02 p.m. and
led in the Pledge of Allegiance.
2.0 CONSENT AGENDA
Item 2.1. Staff Reports: Gene Ramsey discussed the check register, the cash flow
projection, the preliminary February sales tax distribution (pointing out that this is
the highest monthly amount collected since 4A & 4B were passed in The Colony),
the monthly ½ cent sales tax graph, and the January report to the city manager. He
also discussed the possibility of 4A participating in the Technology Crossroads
Alliance.
Item 2.2. Awarding a bid with The Colony Community Development Corporation
for publication of four newsletters to Lazerset Printing in the amount of
$11,996.00 ($5,998.00 paid by 4A and included in administrative budget):
Item 2.3. Expenditure of $2,000 from administrative budget for traffic survey:
Item 2.4. Approval of the minutes of the board meeting held January 12 and joint
work session with the City Council held January 24, 2000:
A motion was made by A1 Garcia to approve the consent agenda. The motion was
seconded by Bob Norris and carried with all ayes.
3.0 EX-OFFICIO MEMBER, PUBLIC COMMENTS
Item 3.1. Report of 4B meeting held January 20, 2000 and joint work session with
city council held January 24, 2000: Sue Walden gave a report of the January 20
meeting, announcing the newly elected officers of 4B. Ms. Walden also gave a
summary of the 4B's work session held on January 24 with the City Council.
Item 3.2. Public Input: There was no public input.
4.0REGULAR AGENDA
Item 4.1. Discussion and appropriate action regarding Economic Development
Forum on March 22, 2000, and consideration of budget: There was discussion
of the Forum. Mr. Ramsey recommended that the date be changed to April 5,
2000 due to a transportation summit occurring on March 22. It was agreed to
reschedule.
Item 4.2 Discussion of Allies day at The Tribute May 17, and consideration budget
to recommend to the City Council: President Gordon pointed out that May 17
was the monthly Chamber luncheon and recommended that the date be moved to
May 24. There was discussion of the event and the budget. Staff will provide a
more detailed budget at the next meeting. It was agreed to reschedule.
Item 4.3. Discussion and appropriate action regarding accepting strategic plan
created by Economic Development Services: Mr. Norris made a motion to
approve the strategic plan created by Economic Development Services. Steven
Sims seconded the motion and the motion carried with all ayes. . .....
Item 4.4 (1) Discussion of holding a work session on February 26 10:00 a.m. to 2:00
p.m., meet with consultants and to set goals for implementation of the
economic development strategic plan for The Colony. (2) Staff expectations:
There was discussion regarding the work session, expectations of the board, date,
and time. The board would like for Jerry Conner of Economic Development
Services to attend the work session.
Item 4.5. Discussion and appropriate action regarding Zachry Associates marketing
pieces. Approval of elements of campaign (logotype, paper, ink, colors, text,
etc.): Mr. Zachry briefed the board as to when the marketing pieces and
registering the web address would be completed, and discussed miscellaneous
changes. Delaina Hammock made a motion to approve all marketing materials,
colors, paper, logotype and text as they were presented to the board. Mr. Sims
seconded the motion and the motion carried with all ayes.
Item 4.6. Discussion and appropriate action regarding pending budgetary/contract
changes relating to reassignment of Community Development Corporation
administrative responsibilities and recommendations to the City Council:
There was discussion of how separating the 4A and 4B boards would affect the
4A board. There was discussion of adding a special session at the time of the 4A
work session for discussion and appropriate action.
EDC Minutes February 9, 2000, Page 2 of 3
Item 4.7. Discussion and appropriate action concerning report by Negotiation Team
recommendation regarding the Don Blackwood prospect, and
recommendation to the City Council: The negotiation team recommended to
the board to award, upon the approval of the City Council, a grant to Mr.
Blackwood of $25,000 t~ee of"clawback" provisions. Based on a formula
incorporating creation of new jobs, payroll infused into local economy, and
increased ad valorem taxes, the return on this investment is 1.2 years. Ms.
Hammock made a motion to approve and recommend to the City Council a grant
to Mr. Blackwood in the amount of $25,000.00. Mr. Norris seconded the motion
and the motion carried with all ayes.
Item 4.8. Discussion regarding possible relocation of administrative offices, budget
considerations, employment of city staff, and recommendations to the City
Council: There was discussion of relocating. The board decided to add this
agenda item to the work session agenda on February 26, 2000.
Item 4.9. Discussion and appropriate action regarding prospect: President Gordon
adjourned the regular meeting at 8:20 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 bnsiness 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 8:30 p.m. There being no other business,
President Gordon adjourned the meeting at : .832~
Cindi Lane
Executive Secretary
EDC Minutes February 9, 2000, Page 3 of 3