HomeMy WebLinkAbout12/10/08 EDC
CITY OF THE COLONY
DENTON COUNTY, TEXAS
DECEMBER 10, 2008
The Regular Session of The Colony Economic Development Corporation of The Colony, Texas,
was called to order at 7:02 p.m. on the 10th day of December 2008, at City Hall, 6800 Main
Street, The Colony, Texas, with the following roll call:
Bob Norris President Present
Rick Casterline Vice President Present
Tom Tvardzik Treasurer Present
Kevin Brady Member at Large Present
David Peerson Member at Large Present
Perry Schrag Council Liaison Absent
And with five board members present a quorum was established and the following items were
addressed:
D-:Il~UTINE ANNOUNCEMENTS; RECOGNITIONS:
Call To Order - President Norris called meeting to order at 7:02 p.m.
Pledge of Allegiance to the United States Flag
Announcement of upcoming events and activities1 Mr. Terrall had nothing to report.
Recognition of Bob Norris' service to the 4A Board - Tom Terrall gave history of when
Bob Norris joined The Colony Economic Development Corporation, what different
offices he held and that he has been the 4A president for the past six years. President
Norris explained how 4A evolved and how it was structured, and reflected on serving on
the interviewing committee to interview Mr. Terrall, and that as time went by the board
of directors and Mr. Terrall evolved to where we are today. President Norris said that
there were several business who came to town during his tenure on the board; a new
Wal-Mart, Home Depot, Pizza Inn, Cascades at The Colony among them. Mr. Terrall said
that he appreciated working with Mr. Norris as the president, thanked him for his
service and was sorry to see him leave.
Citizen Input - No citizen input
1 These items are strictly public service announcements. No action will be taken and no direction will be given retarding these
items.
[IQ] CONSENT AGENDA
2.1 Acceptance of cash flow projection report (Terrall)
2.2 Acceptance of monthly Yz cent sales tax graph (Terrall)
2.3 Acceptance of tax allocation summary for November (Terrall)
2.4 Marketing update, website statistics, and print advertising (Lane)
2.5 Approval of the minutes of the regular board meeting November 5, 2008 (Terra II)
Tom Tvardzik made a motion to accept the consent agenda as presented. Kevin Braby
seconded the motion and all members voted in favor.
[3.Q~ REGULAR AGENDA
3.1 Discussion and appropriate action regarding The Colony EDC exhibiting at the CoreNet
Global Summit in Dallas April 26-28, 2009 (Board)
Mr. Terrall said on last month's agenda there was information included in packet of
what information we know at this point. Some information regarding the Orlando
summit was available and included in the 4A packet. Several exhibit booths were empty.
As far as Dallas summit goes, the target would consist of developers and brokers we
haven't been exposed to plus the people that we have seen at several of our regularly
attended events, which would be a good thing since repetition is good. Mr. Terrall said
that he would not want to see us become absent from events. He passed out
information on what CoreNet is about. At the present time information of what other
metroplex EDC's and cities will attend is very limited. It is too early to get a list of
attendees, most lists come out 3-4 weeks prior to the event. Mr. Terrall said that since
this event is in our back yard he feels that The Colony EDC should be an exhibitor. Some
cities might go as sponsors. CoreNet will not budge on the price. Mr. Terrall prefers to
use a 10 x 20 space in order to use our entire booth and have enough room to have
discussions with the attendees and to remind the market that we are serious about
doing business with them. Mr. Terrall said he has not wanted to deal with CoreNet in
the past because they are more expensive than other organizations. There will be
attendees at this event whom have not seen The Colony EDC booth. Mr. Terrall said he
would like the board to let him decide whether or not to go once more information is
available, which will not be until February or March. Linda Burns with Dallas Chamber
will keep him posted as she hears of other cities exhibiting. This is part of networking
and building relationships. Mr. Casterline said he is worried about number of attendees
since the economy is not good. Mr. Braby said that he has noticed that the DFW
metroplex is not typical of other places in the United States since our economy is much
better. This might be the right time to get our name out to these people. Mr. Peerson
commented that people who will show up are more inclined to be more serious about
EDC Board Minutes December 10, 2008, Page 2
relocating their company. Attendance could be light. Mr. Terrall said he would like to
wait and see how many attendees register. President Norris said he would like Mr.
Terrall to make the call, money is in the budget, no motion needed. The other board
members indicated agreement.
3.2 Discussion and appropriate action regarding scheduling a date and time to have
orientation for new 4A board members (Board)
Ms. Lane picked three dates, two of them weeknights and one Saturday morning. There
is currently one new application submitted to the City Secretary's office to fill the
vacancy created by President Norris. Council will probably interview on December 15th.
If council appoints a new board member this month January would be a good month to
hold the orientation. Mr. Terrall would like to wait and see if all new members will be
appointed. Mr. Terrall said he would like to pick two dates and take them to council to
see which of those would have a better council attendance as well. The board thought
that January 21st would be best date for now.
Mr. Tvardzik made a motion to have the meeting on the 21st as the first choice. All members
agreed.
3.3 Update and discussion regarding Austin Ranch infrastructure commencement (Terrall)
Mr. Terrall gave a status report of the Austin Ranch wastewater improvements. He
discussed the anticipated construction of the force main, the wastewater lift station and
the Austin Ranch gravity trunk line. The project is moving forward.
Gl.OIEXECUTIVE SESSION
None
ADJOURNMENT
President Norris adjourned the 4A board at 7:50 p.m.
eA['!~t' L4a~
Cindi Lane .
Recording Secretary
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Tom it;:;::
President
EDC Board Minutes December 10, 2008, Page 3