HomeMy WebLinkAbout03/12/03 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
REGULAR BOARD MEETING
CITY HALL COUNCIL CHAMBERS
MARCH 12, 2003
The Regular Session of The Colony Economic Development Corporation of the City of
The Colony, Texas, was called to order at 7:00 p.m. on the 12th day of March 2003, at
City Hall with the following roll call:
Bob Norris, President Present
Tia Hamlin, Vice President Present
Kevin Greene, Treasurer Absent (business)
A1 Garcia, Secretary Present
And with three voting members present, a quorum was established and the following
items were addressed:
Item 1.1. Pledge of Allegiance: Bob Norris led in the Pledge of Allegiance.
2.0. CONSENT AGENDA
Item 2.1. Reports:
a. Cash flow projection
b. Tax Allocation Summary for February
c. Monthly ½ Cent Sales Tax graph
d. Monthly report from February to City Manager
e. Marketing update
f. Summary of current activity regarding development
g. Discussion of the TEDC conference in Austin
h. Denton County Days February 24-25
i. The Colony Chamber of Commerce update
(a.) Tom Terrall went over the cash flow projection, commenting that the sales tax
declined from a year ago and that the actual revenue this year is below forecasted
revenue by over $18,000. (b) No comment was made on the tax allocation
summary (c) The February sales tax declined but is still 24% over the base year
2000. (d) Mr. Terrall gave a presentation to The Colony Chamber at today's board
meeting on small business advertising in The Colony Courier Leader. The item
was tabled until June. The Colony Chamber will begin inserting their monthly
newsletter in The Colony Courier Leader. (e) Cindi Lane updated the board on the
marketing campaign. Shapiro & Company hired a new graphic designer who has
created three drafts for the direct mail campaign. The plan is to have another
contest to extend the shelf life of the direct mail pieces since the previous direct
mail campaign went so well. Mr. Terrall explained the Denton County
involvement with Blacks Guide and said that he wanted The Colony to participate
also. The board looked at the editorial and a sample of the ad, which will be
placed in the April edition. A new aerial map will be made with updated zoning
and thoroughfare plans included. (f) Mr. Terrall mentioned that negotiations are
going on between brokers and land owners but there is nothing further to report at
this time. (g) Mr. Ten'all explained that he serves on three committees, which he
attended meetings for. In addition, he attended the TEDSTA meeting and
discovered that their position on the sales tax issue remains the same as it has
been previously. (h) Mr. Terrall wrote a letter to the Texas legislators signed by
President Norris, the city manager and the mayor. The purpose of this letter was
to state The Colony's position on the elimination or changing of the incentive
structure of the 4A sales tax. Mr. Terrall, the assistant city manager, the mayor
and a council member delivered these letters to a total of 10 legislators. Although
the legislators did not confirm appointments, the group was able to speak with
their aids as the letters were delivered. The letters got a favorable reception. (i)
Mr. Terrall stated that he had discussed the cooperative ad campaign and the
placing of the Colony Chamber monthly newsletter earlier in the meeting.
Item 2.2. Approval of the minutes of the board meeting held February 12, 2003:
President Norris asked if there were any corrections, changes or additions that
anyone would like to make and there were none. A1 Garcia made a motion to
approve the minutes as presented. Tia Hamlin seconded the motion and the
motion carried with all members voting aye.
3.0 PUBLIC COMMENTS
3.1. Public Input: There was no public input.
4.0 REGULAR AGENDA
Item 4.1. Discussion of International Council of Shopping Centers Spring
Conference and Trade Show May 18-21: Mr. Ten'all gave the board an update
of the status of the upcoming trip to the ICSC trade show. He said that hotel and
airfare accommodations have been made and Council members Schrag and Marks
will attend as well. There will be a meeting between himself, Ms. Lane, Council
member Marks, and Council member Schrag to discuss the objectives of the trip
before everyone leaves for the tradeshow, plus there will be a meeting after
everyone gets there to strategize and discuss the list of exhibitors that will be
visited. Prior to going, Mr. Terrall will look at prime exhibitors from last year and
try to set appointments in advance.
EDC Minutes March 12, 2003, Page 2
Item 4.2. Discussion and appropriate action regarding a resolution to be presented
to Council concerning the use of sales tax: Mr. Terra11 asked ?atti Hicks to draft
a resolution from the letter he wrote and presented to the state legislators
regarding the use of the 4A sales tax so that he could present it to the city council
members at next Monday's meeting. The purpose of the resolution is to formally
show The Colony's position on the use of the 4A sales tax to the state. Mr. Terrall
asked the board if they would make a motion to indicate their support of its
contents to the city council. Ms. Hamlin made a motion to affirm the resolution as
presented. Mr. Garcia seconded the motion and the motion carried with all
members voting in favor. President Norris advised the board to attend the council
meeting on Monday if possible to show their support of this resolution.
Item 4.2. EXECUTIVE SESSION as authorized by section 551.086 of the Local
Government Code regarding Economic Development, to-wit: Mr. Terrall said
that there was nothing to discuss in executive session so President Norris
entertained a motion to adjourn. Mr. Garcia made a motion to adjourn. Ms.
Hamlin seconded the motion and the motion carried with all members voting aye.
The meeting was adjourned at 7:35 p.m.
Cindi Lane 'Robert E. Norris
Economic Development Specialist President
EDC Minutes March 12, 2003, Page 3