HomeMy WebLinkAbout04/11/01 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
CITY HALL COUNCIL CHAMBERS
APRIL 11, 2001
Present: President Al Garcia
Vice President Steven Sims
Treasurer Delaina Hammock
Secretary Bob Norris
Ex-officio Member Sue Walden
Staff.' Tom Terrall
Cindi Lane
Item 1.1. Call to Order: Being that a quorum was present, Al Garcia called the meeting
to order at 7:00 p.m. President Garcia explained that the regular meeting would
normally be held the 4th week, but due to special circumstances this month with
the TEDC meeting, this month's meeting was moved to tonight. President Garcia
led in the Pledge of Allegiance.
2.0 CONSENT AGENDA
Item 2.1. Reports: Tom Terrall reviewed the cash flow projection, tax allocation
summary from March, pointing out the addition of Collin County figures, and the
City Manager report from March. Since this meeting fell so early in the month,
there was not an update available of the April sales tax. Mr. Terrall pointed out
the EDC color ad that was printed in the 2001 Chamber Directory and explained
to the board the introduction of The Colony that was written for the bus tour
booklets.
Item 2.2. Approval of the minutes of the board meeting held March 28, 2001: Bob
Norris made a motion to approve the minutes as written on March 28, 2001.
Delaina Hammock seconded the motion and the motion carded will all members
voting aye.
3.0 EX-OFFICIO MEMBER, PUBLIC COMMENTS
Item 3.1. Report of 4B meetings: Sue Walden reported that there have not been any 4B
meetings since the last 4A meeting. Ms. Hammock requested that since Ms.
Walden serves as the Economic Development Director for The Colony Chamber
of Commerce, she would like to hear a monthly update presented to the 4A Board.
Item 3.2. Public Input: There was no public input.
4.0 REGULAR AGENDA
Item 4.1. Update regarding NTCAR golf tournament: Mr. Terrall reported to the
board that the registration for the golf tournament was between one half to two
thirds filled and there has been no heavy advertising done yet. He passed out an
example of a registration sheet with The Colony logo being used by NTCAR
President Garcia informed the board that on the City Council agenda next
Monday, he plans to discuss the golf tournament and invite the council members
to attend the tournament or just the evening meal and presentation. President
Garcia requested a list of available sponsorships from Cindi Lane.
Item 4.3. 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 went into executive session at 7:20 p.m.
Item 4.4. Consideration of appropriate action to be taken as a result of executive session: The board reconvened at 7:50 p.m. No action was taken.
President Garcia adjourned the meeting at 7:51 p.m.
Cindi Lane
Administrative Assistant President
EDC Minutes April 11,2001, Page 2