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Home My WebLink About10/11/00 EDC MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING CITY HALL COUNCIL CHAMBERS OCTOBER 11, 2000 Present: President John Gordon Vice President Steven Sims Treasurer Al Garcia Secretary Delaina Hammock Member Bob Norris Ex-officio Member Sue Walden Staf~ Tom Terrall Cindi Lane Item 1.1. Call to Order: President Gordon called the meeting to order at 7:00 p.m. and led in the Pledge of Allegiance. 2.0 CONSENT AGENDA Item 2.1. Reports: Mr. Terrall reviewed the check registers and cash flow projection. He informed the board that the cash flow projection report is being re-designed for the next fiscal year to show approved obligations and when the obligations are scheduled to be met. Mr. Terrall pointed out that according to the monthly ½ cent sales tax graph, there is a 17% overall increase of sales tax from last year. Also included were the August and September reports to the city manager, an area cities Hotel/Motel tax update compiled by the city secretary and information about the newsletter mailings pertaining to the number of residents and businesses who were receiving the newsletter. Mr. Ten'all updated the board on the status of the advertising campaign and spoke of the meeting that he and Cindi had earlier in the day with Steve Krazer, Vice President of Zachry Associates, Inc. Item 2.2. Approval of the minutes of the board meeting held August 9, 2000 and special meeting held September 11, 2000: Al Garcia made a motion to approve the minutes from August 9, 2000 and special meeting minutes held September 11, 2000 as presented. 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 meetings: Sue Walden reviewed the highlights of the September 14th meeting with the board. The 4B board met with Lucy Billingsley and discussed the Austin Ranch development. Items discussed were hike and bike trails throughout the development making it "community friendly" and the 200- acre park area around Indian Creek with hike and bike trails. The board approved a Community Development logo. There was discussion of naming the multi- sports complex. Pam Nelson would like suggestions brought to the October meeting. Also discussed were landscaping medians and the need of a master plan for their beautification. Carter & Burgess was selected to create the master plan. A public meeting would be required and the city council would need to approve the master plan. Friendship Park will have a sidewalk running through it. Ridgepointe Park Phase 1 is scheduled to break ground in October and will take 3 to 4 months to complete. Signs for the new park will be placed throughout the city. Item 3.2. Public Input: There was no public input. 4.0 REGULAR AGENDA Item 4.1. Discussion regarding the North Texas Commercial Association of Realtors trade show on September 6, 2000: Mr. Terrall gave an update of the tradeshow to the board stating that it was well attended. He thanked President Gordon, Mr. Gareia and Mr. Norris for being there and supporting our booth. Mr. Terrall heard many good comments from several attendees. He appreciated the help from The Tribute and Austin Ranch. Item 4.2 Discussion and appropriate action regarding quarterly economic summit in October: Mr. Terrall updated the board of the status involving the planning of the forum. Ninety invitations were mailed and a "mark the date" postcard was mailed out ahead of the invitations to hopefully spawn attendance. Mr. Terrall discussed a preliminary agenda with the board. Mr. Garcia suggested having three zoning maps on display scattered about for the guests to look at, and to point out the areas on a map that are currently being developed. Ms. Hammock suggested having a map which points out the areas of the city that qualify for extra incentives. Ms. Walden suggested having renderings of the city's multi-sports complex and the fine arts center available for viewing to demonstrate the quality of life in The Colony. Ms. Hammock suggested trying to get a rendering of the Pizza Inn national headquarters that is going to be built in Austin Ranch. Mr. Ten-all replied that he would contact The Billingsley Company to see if one was available. EDC Minutes October 11, 2000, Page 2 Item 4.3. Discussion and appropriate action regarding the 2000-2001 contract with the city: Mr. Norris made a motion to approve the 2000-2001 contract as presented. Mr. Garcia seconded the motion and the motion passed with all ayes. Item 4.4. Discussion of scheduling work session for review of strategic plan developed by Economic Development Services: President Gordon said that he would prefer to wait until after the holidays to have a separate work session for this topic. Item 4.5. Discussion and appropriate action of tradeshow displays: Mr. Ten'all explained that he and Cindi looked at the other citys' booths at the trade show and met with suppliers to look at several booths in the $2300 to $4000 price range. President Gordon expressed his feeling that the 4A Board needs to establish our city as a major player for prospects and competition, and that having a backdrop would add a professional touch to our booth. Mr. Sims made a motion to approve the spending of up to $3700.00 for the purchase of an appropriate booth display for use at future tradeshows. Mr. Norris seconded the motion and the motion carded with all ayes. Mr. Terrall said that he would bring back color schemes for the board to decide on at a future meeting. Item 4.6. EXECUTIVE SESSION AS AUTHORIZED BY SECTION 551.086 OF THE GOVERNMENT CODE: A. Discussion business prospects: The board went into executive session at 7:44 p.m. Item 4.7. Action to be taken as a result of executive session: The board reconvened at 8:15 p.m. No action was taken. Ms. Hammock made a motion to adjourn. Mr. Norris seconded the motion and the motion carded with all ayes. President Gordon adjourned meeting at 8:16 p.m.. Cindi Lane J~'~fdo~ Executive Secretary /Pres - ent EDC Minutes October 11, 2000, Page 3