The URL can be used to link to this page

Home My WebLink About10/01/1996 MINUTES ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING OCTOBER 1, 1996 6:30 p.m. CITY HALL COUNCIL CHAMBERS Present: Board Gary McClure, President Ronnie Fischer Tommy Thompson Jerry Sebastian Consultant Worth Blake, Worth Blake & Associates Staff Dennis Watson, Staff Liaison Absent John Dillard, Council Member Mary Watts, Council Member Rick Manser 1. CALL TO ORDER Mr. McClure called the meeting to order at 6:40 p.m. 2. ROLL CALL 3. CONTINUATION OF REVIEW OF STRENGTHS, WEAKNESSES, OPPORTUNITIES, AND THREATS OF THE COLONY Mr. Blake asked Mr. McClure to brief the rest of the Board on the meeting that took place on September 25, with J.T. Dunkin and Ray Turco regarding the Preliminary Land Use Plan and The Colony citizen survey, respectively. Mr. McClure gave a brief summary of the meeting. Mr. McClure stated that one of the more interesting things that he took from the citizens survey was that a majority of the participants would be in favor of a 1/2 cents sales tax if implemented correctly. Mr. Blake stated that it was apparent from the his interviews with community leaders and from the citizen survey that there is support for a 1/2 cents sales tax, if it is presented properly. Mr. Blake stated that he gathered from his interviews that one of the reasons that a previous attempt at a 1/2 cent sales tax had failed was do to the fact that there was lack of uncertainty of how to present it to the community. He suggested that when staging a campaign for a 1/2 cent sales tax there be a very defined plan stating who is in charge and how the revenues will be used. Discussion followed on when and how to go about staging 1/2 cent sales tax elections. Mr. Blake reviewed the strengths that the Board had discussed at the previous week's meeting. He then asked the Board as a group to discuss and rate the opportunities and threats information that they had compiled at earlier meetings. Results from these discussions are on the following eting was adjourned at 9:05 p.m pies. There being no further busi4Liaison Re . pectfully Submitte ; E ennis Wa, COMPREHENSIVE PLAN for CITY OF THE COLONY External Analysis Fda pportunities/Threats Worksheet for Economic Development ties and threats are those local and/or regional projects and/or issues that both now and in the future. ly affect eCOnon11C development in The Colony, ties may take advantage of the Strengths previously identified. Certain of the ay be issues that we cannot directly control or influence. They may be social, hic, economic, political, or technological in nature. How we (The Colony ) handle them will directly affect The Colony's ability to reachits Vision linked to onomic development. Opportunities for Economic Development portunity that deserves immediate attention, resources, time and effort Level 1 = Urgent An op Level 2 = Short Term Deservas attention but start-up action can be deferred for 3-6 months Level 3 = Near Term Needs more study/evacuation; defer action until analysis is complete Level 4 - Long Term Doubtful this is an opportunity at this time; might become one later Level 5 = Discard This is not acceptable as an opportunity for The Colony Level EDC Comments Specific Item There appears to be significant desireisupport for attracting: J DG f' Youth related recreation/entertainment facilities E=ot-)-* U•, 110+`/ General merchandise (hardware, home improvement, e,g. Target, Home Depot) Service type industries, e.g. medical, financial, back-office, regional corporate headquarters Light industrial, e.g. electronics, light assembly type operations ADisaovery Zone Operation Tourism/Lake related businesses (beach, golf, marina, vendors) Working with local landowners to either market or co- 1 develop their land i Encourage/assist developmant of professional officas for medicalihealth care services identify and work with local businesses that Z demonstrate expansion capabilities Consider co-op effort with City Parks & Recreation and private developer on a youth oriented recreation project 1 1 Crafting a marketing program aimed at finding users/developers for certain City owned land Specific Item Level EDC Comments Consider purchasing (w/City partnership) a parcel of lLA 1 to W-., apv,~- iv1 land along S.H. 121 or F.M. 423 and develop a designated Industrial park; construct a spec building Z tWIC),tn UZ UAXt"J- Establish an incubator for small business in the former "Winn-Dixle" building Joint venture (City with a builder/developer) for a garden/office park Market (with a landowner) a parcel to upscale, high quality retirement center (maybe with Trinity Medical Center) Design a marketing campaign focused on the S.H. 121 as a future business address Design a marketing campaign focused on the proposed F.M. 423 Entertainment District i Design a marketing campaign for enacting the cant I sales tax for ED Invite/involve Stonebriar residents in joint recreation projects/programs Support Wynnwood Development ` Link into a regional mass transit system 1 Design/develop an attractive gateway (S.H, 121!F.M. 423) into The Colony Design a plan for commercializing the lake shore (in concert with allies, i.e. Denton County) Completion of Josey Lane extension EXTERNAL ANALYSIS (CONTINUED) THREATS TO ECONOMIC DEVELOPMENT Leval 1 - Issue A seriously disturbing matter that substantially affects the desired ebb and flow of community affairs, particularly as that' relate to economic and business affairs Leval 2 - Barrier Those certain economic, social, governmental, Industrial and planning factors which, when present at high levels, tend to inhibit orderly and desired development Level 3 ® Concern A troubling matter that needs/deserves attention, but not one that will ~R1 substantially alter desired progress and/or development Specific Item Level Resolution Agency Development patterns (i.e. type business, building design, landscape appearance) along key traffic arteries and at key intersections Land use and zoning on real estate adjacent to S.H. 121, F.M. 423 and the proposed Josey lane extension Environmental and noise hazards associated with industries to be recruited D Not capitalizing on the economic opportunity associated with City's proximity to Lake Lewisville E D L Economic disadvantage for F.M. 423 merchants to be impacted by - long term construction (widening) Uncertain resolve by leaders to support/fund (long term) economic development programs (J~ 'lam Inattention to youth recreation needs ldr1U.~- Disorganized and uninformed leadership -2- Coos Lack of an ED Plan of Action with implementation action Aging infrastructure Lack of organized group meeting space for banquets, civic clubs, eto. O(' ___7 Lack of Senior Citizen related facilities/programs Improved relationship between Council and EDC Non-diversified and inequitable (residential vs. commercial) tax V base I r Insufficient funds to finance needed capital improvements ) L-• Lack of a designated business/industrial site (park) Lack of an ED Incentive policy Too much multi-farnily housing (future) -7 Inadequate communication vehicles with citizens 2 - _ l~ n 1 171 : G1 L=1 W 0 F; T H 'P. is W r" 1=I I : - 4 :_5 0 3 4 2 Specific Item _ Level Resolution Agency Lake shore is not easily/affordably accessible Only two (2) north-south entries into The Colony One-half cent taxing priori 1 Z' tY; mass transit vs ED Lack of PR/promotional marketing material A Problems with phone system (cost of Metro service) N Lack of direct linkage to Internet and other computer related information services CC 1J~