HomeMy WebLinkAbout09/22/98 EDC MINUTES
THE COLONY ECONOMIC DEVELOPMENT CORPORATION
BOARD MEETING
SEPTEMBER 22, 1998
Present were: Gene Cone
John Gordon
Kate Jarvella
Richard Seidler
Absent: Randy Robinson
Also present: Mary Blair Watts, Mayor
Lanny Lambert, City Manager
Gene Ramsey, Economic Development Director
Sue Walden, Liaison 4-B Board
Becky Betancourt, Recording Secretary
Richard Seidler called the meeting to order at 7:05 p.m.
Agenda item #1 - A motion was made by John Gordon to amend the by-laws and
include wording to allow for an ex-officio member from the 4B Board. Kate Jarvella
seconded. The motion passed.
Agenda item #2 - Kate Jarvella motioned to accept the minutes of September 8, 1998. John Gordon
seconded. The motion passed.
Agenda item #3 - A motion was made by Kate Jarvella to submit a proposal to the City Council to
create a development area so that 4A funds could be used for retail projects. John Gordon seconded. Th
motion passed. It is tentatively scheduled to go before Council for a public hearing and consideration of
resolution on October 19, 1998.
At this time Mayor 'Watts informed the board of the City of Ft. Worth's failure to approve a
motion to deannex Westlake. This affects the Fidelity project. It is understood that Fidelity is now
looking at the acreage on the west side of Plano Parkway. Mayor Watts reiterated that the Board should
be prepared to act within the next two weeks, if an oppommity develops.
Agenda item #4 - A motion was made by John Gordon to expend $45,000 for the installation of a
signal light at the intersection ofF. M. 423 and Memorial Drive as part of the Wal-Mart project. Gene
Cone seconded. The motion passed. This item now goes to Council for action and possible inclusion in
the development area to be created.
Agenda item #5 - A motion was made by Kate Jarvella to table the request to expend $83,500T~e
relocation of a Lone Star Gas pipeline in the right-of-way of the proposed extension of Josey Lane. ~
John Gordon seconded. The motion passed. This item will be addressed on October 20, 1998.
EDC - September 22, 1998
Page 2
Agenda item #6 - October 17, 1998 retreat. A tentative schedule for the retreat was presented. The
morning will be set aside for team building exercises for the City Council, 4A and 4B boards. The site f
this retreat has not been determined.
Agenda item #7 - September 29, 1998 reception 6:30 p.m. to 8:30 p.m. The invitations will be mailed
soon (approximately 250). All expenses will be divided evenly between 4A and 4B boards.
Agenda item #8 - John Gordon made a motion to table the recommendation to the City Council to
seek proposals for marketing of the City of The Colony. Kate Jarvella seconded. The motion passed.
This item will be addressed October 22, 1998.
Agenda item #9 - An FYI discussion was held re: revenue and expenditure projections for the 4A and
4B Boards.
Reports by the Economic Development Director:
Mr. Ramsey met with officials from Budget Suites. He has received two proposals from the prospect to
date and is expecting a third proposal soon. He said there has been in contact by an official from Fun
Plex. She is requesting 1 ½ to 2½ million dollars in financial aid.
The owner of the Plano Bowl (Parker & Avenue K) and his broker contacted Mr. Ramsey about the
feasibility of a bowling center in the former Winn Dixie site.
Dave Biclde from Stat Labs - a medical lab facility - is considering relocating his 10,000 sq. ft. facility
from Lewisville to The Colony. Mr. Bickle is interested in acquiring 20,000 sq. ft. of space.
Kate Jarvella motioned to adjourn. John Gordon seconded. The meeting was adjourned at 9:05 p.m.
Seidl~r,
President
Becky Be~ancourt, Recording Secretary