HomeMy WebLinkAbout06/13/1995 MEDC
MINUTES OF THE MUNICIPAL ECONOMIC
DEVELOPMENT CORPORATION
HELD ON
JUNE 13, 1995
A meeting of the Municipal Economic Development Corporation Board of Directors for the City
of The Colony, Texas was called to order at 6:30 p.m. on the 13th day of June, 1995, at the
Chamber of Commerce. The following persons were in attendance:
Jerry Sebastian, Vice President
Gary McClure, Treasurer
Tommy Thompson, Executive Vice President
Mary Watts, Executive Vice President
John Dillard, Executive Vice President
Lori Harlan, City Staff Liaison, Director of Economic Development
Cindy Mo, DeVry graduate student
1. PRESENTATION OF CLASSIC MOVIE CONCEPT STUDY
At the request of Ms. Watts, Ms. Cindy Mo, a graduate student at DeVry, conducted a feasibility
study for a classic movie theater in The Colony. Ms. Mo presented her results to the EDC Board
of Directors. Her study included a survey of The Colony residents, an analysis of those surveys,
and recommendations including financials for the type of facility necessary to meet community
needs. A copy of the study will be on file with Ms. Harlan at the Chamber of Commerce.
2. DISCUSSION OF TIME FRAME AND COMMUNITY INVOLVEMENT PLAN
FOR SALES TAX PROPOSALS
The board decided to use this time as a brainstorming session for ideas for the sales tax process as
well as ways in which the tax might be spent. Discussion included the importance of involving the
citizens of The Colony in the decision making process. Mr. Thompson recalled a survey
conducted several years ago concerning direction for future development of facilities in the city.
He cited the value of such a survey in making residents feel their needs are considered during the
city's planning process. Suggestion was made that Ms. Harlan research the possibility of
conducting a survey of The Colony citizens to determine what types of facilities or services are
needed in the city as well as their willingness to raise the sales tax rate to fund such projects. This
would provide both a direction for the City Council concerning what type of tax might be
proposed as well as a direction for marketing efforts concerning the sales tax election.
Board members also brainstormed on various projects that could be funded by the sales tax. Ideas
included:
--Civic Center
--Parks projects
--improvements, maintenance, etc.
--bike trails
--BAMP Amphitheater lighting/sound
--Library
--Street Improvements
--Josey Lane land purchase
--City Facility Improvements
--PR/Brochures - Marketing of city
--Joint Use Public Safety Facility
--Sports Facilities
--Speculative Buildings
--Marina - support improvements
--Business Assistance
--Trade Shows
--EDC operating capital
--City Beautification
--2nd Pool
--Office Center Purchase
--Business Incubator/Suites
--Antique/Farmer's Market
--Showroom/Warehouse Space
--City Communication Tools
--Cable Improvements
--Newsletter
Mr. McClure questioned tying this process in with the goal for future development established by
the EDC. However, the EDC has yet to establish any firm goals. Brief discussion concerned
tying those goals to the city's Comprehensive Land Use Plan. Ms. Harlan stated that document
has not been completed, and the board suggested that a meeting with City Planner Sam Chavez
might provide further insight. Ms. Harlan will speak with Mr. Chavez for a future meeting
agenda.
Finally, Mr. Sebastian informed the board that Mr. Jeff Cunningham has resigned citing a
conflicting work schedule. The two vacant positions on the board will be advertised by the city in
upcoming weeks.
The meeting was adjourned at 8:50 p.m.
Respectfully submitted,
Lori H lan, Director of Economic Development