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HomeMy WebLinkAbout03/08/00 EDC MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING CITY HALL COUNCIL CHAMBERS MARCH $, 2000 Present: President John Gordon Treasurer A1 Garcia Secretary Delaina Hammock Member Bob Norris Ex-officio Member Sue Walden Absent: Vice President Steven Sims 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. 2.0 CONSENT AGENDA Item 2.1. Reports: Gene Ramsey discussed the check register, the cash flow projection, the preliminary March sales tax distribution, the monthly ½ cent sales tax graph, and the February report to the city manager, the February Capital Project update, the reappointment of Delaina Hammock to the 4A Board, and a review of the action notes from the work session held February 26, 2000. He also discussed the status of future prospecting trips and made the board aware that the status of the total expenditure for advertising this fiscal year is 6%. There was discussion of tradeshows and the transportation summit. Item 2.2. Approval of the minutes of the board meeting held February 9, work session held February 26, and special sessions held February 4 and February 26: A motion was made by Delaina Hammock to approve the minutes for all meetings in February. The motion was seconded by Al Garcia and the motion carried with all ayes. 3.0 EX-OFFICIO MEMBER, PUBLIC COMMENTS Item 3.1. Report of 4B meeting held February 10, 2000 and work session held February 22, 2000: Sue Walden gave a report of the February 10 meeting. She informed the board that the 4B Board approved the separation of 4A and 4B. Ms. Walden summarized the projects that Mr. Dwayne Brinkley and Mr. Dennis Sims discussed and informed the board that there would be a public hearing on March 9 at 7:00 p.m. Item 3.2. Public Input: There was no public input. 4.0 REGULAR AGENDA Item 4.1. Discussion and appropriate action regarding the City of The Colony incentives and tax abatement policy and recommendations to the City Council: There was discussion of The Colony's incentive policies and of whether or not a work session should be scheduled to further evaluate them. Various ideas were mentioned and the board decided to further discuss at the next meeting if necessary. Item 4.2 Discussion of maintenance and renovation of shopping centers: There was discussion of having a meeting with owners of shopping centers and a suggestion was made to address this matter at the economic forum luncheon. Item 4.3. Discussion and appropriate action regarding Economic Development Forum on April 5, 2000, and consideration of budget. Mr. Ramsey informed the Board that invitations would go out this week. A motion was made by Bob Norris to approve a budget not to exceed $3478.00 for up to four separate forums. Mr. Garcia seconded the motion. All board members voted in favor with the exception of Ms. Hammock who voted against. The motion carried. Item 4.4 Discussion of Allies Day at The Tribute May 24, and consideration of budget to recommend to the City Council: The board discussed the proposed budget recommended by staff. There was also discussion of the event itself. Mr. Garcia made a motion to approve a budget of $16,454.65 for Allies Day at The Tribute on May 24, 2000. Mr. Norris seconded the motion and the motion carried with all ayes. Item 4.5. Discussion and appropriate action regarding tradeshows: Mr. Ramsey informed the board various tradeshows and asked the board for guidance as to which tradeshows they wished for him to attend. The board requested that a list be put together for their review at the next board meeting. Item 4.6. Discussion and appropriate action regarding the opening and celebration of Josey Lane: Mr. Ramsey discussed a draft agenda with the board. He informed the board that he sent a news release to the media earlier that day. There was discussion of renting a tent, tables and chairs, possibly the Chamber providing refreshments, and various other suggestions. Ms. Hammock made a motion to approve the spending of up to $1000.00 from the administrative budget for the opening and celebration of Josey Lane. Mr. Norris seconded the motion and the motion carried with all ayes. Item 4.7. EXECUTIVE SESSION AS AUTHORIZED BY SECTION 551.086 OF THE COVERNMENT CODE: EDC Minutes March 8, 2000, Page 2 of 3 A. Business Prospect: President Gordon adjourned the regular meeting at 8:20 p.m. for an executive session. Item 4.8. Consideration of any appropriate action to be taken as a result of the executive session: The meeting was reconvened by President Gordon at 8:27 p.m. No action was taken. There being no other business, Presidem Gordon adioS// ting at · Cindi Lane Executive Secretary EDC Minutes March 8, 2000, Page 3 of 3