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HomeMy WebLinkAbout11/10/99 EDC MINUTES THE COLONY ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING CITY HALL COUNCIL CHAMBERS NOVEMBER 10, 1999 Present: President John Gordon Treasurer A1 Garcia Member Steven Sims Member Bob Norris Secretary Delaina Hammock Absent: Ex-officio Member Sue Walden Sta~ Gene Ramsey Cindi Lane Guests: Jerry Conner, Economic Development Services H.C. Zachry, Zachry Associates, Inc. Item 1.0. Call to Order: President Gordon called the meeting to order at 7:05 p.m. and led in the Pledge of Allegiance. Item 1.2. Staff Reports: Gene Ramsey discussed the financial reports, the sales tax statistics and the November Tax Allocation Summary and the receipt of the Southwestern Bell grant in the amount of $3,625 for enhanced signage in the city. Other reports given were the expense report regarding Allies Day, end of year administrative expense and the Josey Lane funding report. Mr. Ramsey invited all board members to attend The Colony Chamber of Commerce monthly luncheon which is featuring the 4A board president and consultant. Item 1.3. Board President's Comments: President Gordon thanked Mr. Ramsey, Cindi Lane and all 4A Board members for the success of Allies Day. There was discussion of the CDC Turco opinion survey. Item 1.4. Citizen Input: There was no citizen input. Item 1.5: Advisory Board member comments: There were no comments due to the absence of ex-officio member Sue Walden. Item 2.1. Consideration of approval of the minutes of the board meeting held October 13, 1999: A motion was made by Treasurer Al Garcia to accept the minutes of the board meeting held October 13, 1999. Bob Norris seconded the motion and the motion carried with all ayes. Item 2.2. Discussion of TXU goals and timeline - meeting with the property owners __ of land south of SH 121 and meeting with the developers of Austin Ranch: There was discussion of the meeting and tour of Austin Ranch with council members Jeff Meyers, John Dillard and John Gordon attending. Staff is to arrange a work session between the EDC and Don Blackwood in November to discuss development south of SH 121. Item 2.3. Discussion and appropriate action regarding reserving a booth at the North Texas Commercial Association of realtors 2000 Expo.: Stcven Sims made a motion to approve of reserving a booth for the 2000 trade show. Delaina Hammock seconded the motion and the motion carried with all ayes. Item 2.4.Discussion and appropriate action regarding extension of utilities along SH 121 between Paige Road and Morning Star Drive and future S. Colony Blvd.: The committee reported they had not met with Mr. Sheveland and the request was not being recommended to the EDC for two reasons: (1) the site where the utilities would be extended was private land and (2) there was not an identified business to be served by the extensions. It was stressed that Mr. Sheveland was assured that if there were a business to whom the utilities would be extended that the committee would be glad to consider it. Item 2.5. Consideration and appropriate action regarding the bank depository proposals, First State Bank (only proposal received) effective January 1, -- 2000: Mr. Sims made a motion to take this agenda item offthe table for discussion. Mr. Norris seconded the motion and all were in favor. Ms. Hammock made a motion to use First State Bank of Texas as the depository bank for the 4A account. The motion was seconded by Mr. Norris. The motion carried with all ayes. Item 2.6. Consideration and appropriate action regarding investing 4A funds in TexPool: Mr. Garcia made a motion to take this agenda item off the table for discussion. Ms. Hammock seconded the motion and the motion carried with all ayes. There was discussion of investing funds in a TexPool account. Mr. Garcia made a motion to invest the 4A funds in TexPool. Ms. Hammock seconded the motion. The motion carried with all ayes. Item 2.7. Consideration and appropriate action regarding report by Economic Development Services: Jerry Conner brought his written report to the board and requested that he meet with President Gordon and Mr. Ramsey to go through the report once again. Mr. Conner agreed to present his final report to the city council. Item 2.8. Consideration and appropriate action regarding report by Zachry Associates: H.C. Zachry gave a presentation beginning with reasons why The __ Colony needs the marketing materials his firm is designing which are (1) competition, (2) events, (3) distribution and (4) control of destiny. Mr. Zachry EDC Minutes, November 10, 1999, Page2 of 3 pointed out that the format of materials was targeted for business, not consumer and that there is redundancy in the materials because repetition increases awareness. Materials presented were as follows: (1) The economic development logo (2) A prestige pocket folder designed for limited distribution (3) A tri-fold brochure designed for mass distribution (4) Website pages (5) Four half page ads for the Dallas Business Journal (6) Map brochure - location of sites Mr. Zachry welcomed input fi.om the board and added that he needs to get additional information on maps, street overlay and developer information. He plans to have the 4A board approve the final materials before presenting to the city council and mailing out. The goal is to present to the city council on December 6, 1999. Item 2.9. Discussion and appropriate action regarding advertisement in 2000 Chamber of Commerce Membership Directory: The Board agreed to place a full-page ad in the chamber directory with the new economic logo included. Item 2.10. Concerns of the Board: Concerns of the presentation of the opening of Josey Lane was addressed. The Board would like staffto work with the Special Events Board and possibly The Chamber of Commerce. There beingno other business, President Gordon adjoumed~the Cindi Lane ~~_ Executive Secretary EDC Minutes, November 10, 1999, Page 3 of 3