HomeMy WebLinkAbout10/24/01 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
CITY HALL COUNCIL CHAMBERS
OCTOBER 24, 2001
The Regular Session of the October meeting was scheduled to begin at 6:30 p.m. but was
held over to 6:49 p.m. due to a lack o£a quorum. The Regular Session of The Colony
Economic Development Co,~oration of the City of The Colony, Texas, was called to
order at 6:49 p.m. on the 24 day of October 2001, at City Hall with the £ollowing roll
call:
A1 Garcia, President Present
Steven Sims, Vice President Absent
Delaina Hammock, Treasurer Present
Bob Norris, Secretary Present
Sue Walden, Ex-officio Member Present
And with three voting members present, a quorum was established and the following
items were addressed:
Item 1.1. Pledge of Allegiance: President Al Garcia led in the Pledge of Allegiance.
4.0 REGULAR AGENDA
Item 4.1. Presentation of Shapiro & Company and Lorraine and Associates:
President Garcia explained the format of the presentations. Following each presentation,
Tom Terrall was to ask questions previously submitted to him including his own
questions. The same questions would be asked of each company. Representing Shapiro &
Company was Florence Shapiro, Amy Bums and Cara Blackmon-Harding. Ms. Shapiro
began by giving an overview of Shapiro & Company. Ms. Bums discussed marketing and
passed out brochures. Ms. Blackmon-Harding discussed public relations. Following their
presentation, Mr. Terrall asked several questions and Ms. Shapiro answered them. Mr.
Terrall thanked them for their time and President Garcia called a recess at 7:20 p.m. The
meeting reconvened at 7:45 p.m. and the second presentation by Lorraine & Associates
began. Presenters were Lorraine Haugen of Lorraine & Associates, Kristine Tanfillo of
Dux Public Relations and Ken Pugh of Pugh and Company. Ms. Haugen gave a
PowerPoint presentation showing a client list for each company, how they work together,
discussion of the current marketing of The Colony EDC, and different ways to market. At
the conclusion of her presentation, Mr. Terrall asked the same questions that were asked
of Shapiro & Company. After the questions were answered, Mr. Terrall thanked them for
their time.
Item 4.2. Discussion and appropriate action regarding the selection of a marketing
company: The board members filled out evaluation sheets on each marketing
company. President Garcia called a five-minute recess at 8:25 p.m. and
reconvened the meeting at 8:30 p.m. President Garcia called for a vote. The board
members voted unanimously for Shapiro & Company. President Garcia asked Mr.
Terrall to let them know tomorrow and Mr. Terrall said that he would phone them
and follow up with a letter to each company.
2.0. CONSENT AGENDA
Item 2.1. Reports:
a. Cash flow projection
b. Tax Allocation Summary for October
c. Monthly ½ Cent Sales Tax graph
d. Monthly report from September to City Manager
Mr. Ten'all asked the board if they had any questions on the consent agenda. He
pointed out that the sales tax for October 2001 increased 50% over the base year
of 1999.
Item 2.2. Approval of the minutes of the board meeting held September 26, 2001:
Delalna Hammock made a motion to approve the September 26, 2001 minutes as
written. Bob Norris seconded the motion and the motion carded with all ayes.
President Garcia reminded the board of the work session this Saturday and of the
November and December meetings being held at different days because of the
holidays. Ms. Hammock asked President Garcia to consider holding the
November meeting on a different date than November 14 due to a conflict with
her and Sue Walden's commitments. President Garcia suggested polling the board
and adjourned the meeting at 8:35 p.m.
Cindi Lane
Administrative Assistant President
EDC Minutes October 24, 2001, Page 2