HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-08/14/2018
City of Colleyville Page 1
Colleyville Economic
Development Corporation
Board Worksession Minutes
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Tuesday, August 14, 2018 6:00 p.m.
President George Dodson called the Colleyville Economic Development Corporation
Board Worksession to order on August 14, 2017, at 6:00 p.m.
ROLL CALL: President George Dodson, Vice President Richard Newton, and
Directors Ralph Hunkins, Bobby Lindamood, John Terhoeve, and Mark Slosson
Absent: Director Tammy Nakamura
Also Present: Councilmembers Kathy Wheat and Callie Rigney, General Manager
Jerry Ducay, Assistant City Manager Mark Wood, Assistant City Manager Adrienne
Lothery, Secretary Christine Loven, and City staff Library and Recreation Director
Mary Rodne, and Colleyville Center Manager Leslie Hill
2. PRESENTATION AND DISCUSSION
2a Discussion of the FY 2019 proposed Colleyville Economic Development
Corporation (DECD) budget and the FY 2019-2023 Economic
Development Capital Improvement Program (EDCIP) priorities
Assistant City Manager Adrienne Lothery presented this item and briefed the
board. Manager Lothery noted there is $1.9 million budgeted in sales tax revenue,
reviewed each of the line items, making note of the Hotel Occupancy Tax (HOT)
being used for special events, and reviewing some the future projects.
President Dodson stated the City is working on a City Plaza located in the front of
City Hall which will be the site for City hosted events such as the Library
programs, concerts, and the Christmas tree lighting.
Director Hunkins asked staff what the top three events booked at Colleyville
Center are. Manager Hill stated non-profit banquets, memorials, and weddings.
Director Terhoeve asked staff about the Library programs affected by the
reconfiguration. Director Rodne noted the STEM (science, technology,
engineering, and math) and STEAM (science, technology, engineering, art, and
math) programs are being incorporated into the children’s area.
Vice President Newton asked staff what the projected increase in future years is
and when will the debt service be paid off.
Colleyville Economic
Development Corporation Minutes August 14, 2018
City of Colleyville Page 2
Manager Lothery replied one or two percent, she would double check and debt
payoff in 2029.
President Dodson stated he likes being able to see the projects projected in the
budget. He then thanked everyone for their time and stated the next meeting will
be August 28, 2018 at 6:00 p.m. when the board will adopt the budget and move
it forward to City Council.
3. ADJOURNMENT
There being no further business to discuss, the worksession adjourned at 6:42
p.m.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS, AND 0 ABSTENTIONS ON THIS THE
24TH DAY OF AUGUST 2018.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary