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HomeMy WebLinkAbout11/10/98 EDC AMENDED DECEMBER 10, 1998 ~NU~ES THE COLONY ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING CHAMBER OF COMMERCE BUILDING NOVEMBER 10, 1998 Present were: Dr. Richard Seidler Randy Robinson John Gordon Gene Cone Absent were: Kate Jarvella Also Present: Mary Blair Watts, Mayor (Council Liaison) Sue Walden, Ex-Officio Gene Ramsey, Director of Economic/Community Development Darlene McKelvy, Recording Secretary Dr. Seidler called the meeting to order at 7:00 p.m. Agenda item #1 - Sue Walden invited the 4A board to join the 4B board on the tour of the Wynnewood Penisula. She also discussed the reimbursement agreed to by the 4B board of $1,616 for the advertising expense for the executive director search. She said the 4B board would be submitting a request to the council in December for proposals regarding community development. Agenda item #2 - There was discussion of the persons authorized to be signatories on the 4A bank account, which will go to council on Monday, November 16, 1998. Agenda item #3 - It was agreed to place on the December 8 meeting agenda "consideration of recommending that the city council authorize expending $83,500 for relocation of a Lone Star gas pipeline in the fight-of-way of the proposed extension of Josey Lane & determination of the appropriate installment payments." Agenda item g4 - It was agreed that the minutes of October 27th, and November 10m as the next item of the agenda for approval for the next item of agenda. Agenda item #5 - There was a discussion of the report on sales tax collections, and cash flow forecast, which were distributed to the members. Agenda item#6 - A motion was made by Randy Robinson to place on the agenda for the next meeting" the cost to meet at the Chamber of Commerce building. Gene Cone seconded. The motion passed. Agenda item #7 - Mr. Robinson made a motion to table until next meeting, Tuesday, December 8, 1998, a request by Chamber for $600.00 to pay for one-half of annual Internet website and to set up meeting at the Parks and Recreation meeting room on Wednesday, November 18, 1998 at 2:00 p.m. with Mike Cath Bill Longo, Lanny Lambert, Gene Ramsey, and himself. Mr. Cone seconded the motion. The motion passed. Agenda item #8 - There was a discussion of the volunteer liability coverage. Gene Ramsey said, the city's liability coverage includes actions taken by council appointed boards and committees as long as they are in compliance with open meetings and open records laws. (Copies of "The Open Meeting Act, Made Easy." will be supplied to the 4A and 4B board members). Agenda item #9 - There was a discussion regarding the Colony Development Area~ It was submitted to the Texas Department of Economic Development, and unless we hear otherwise, it will be approved as of December 4. Agenda item gl0 - Mr. Robinson made a motion to table discussion of"changes to the wording for incentive packages regarding requirements that assistance to fLrms are loans to be repaid on a prorated basis if the finn does not remain in business in the Colony a certain number of years. Mr. Cone seconded the motion. The motion passexL Agenda item #11 - It was agreed to place on the agenda for the next meeting, discussion regarding recommendation that the city council authorize spending $45,000 for a traffic signal at Main & Memorial streets. Agenda item #12- Mr. Gordon motioned to adjourn the meeting at 8:45. Mr. Cone seconded. The motion passed. DECEMBER 10, 1998 AMENDMENT "Item # 4 amended to read "It was agreed that approval of the minutes of October 27th and November l0th would be an agenda item for the next meeting"