HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-08/13/2019
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 13, 2019 5:30 p.m.
President George Dodson called the Colleyville Economic Development Corporation
Board Worksession to order on August 13, 2019, at 5:30 p.m.
ROLL CALL: President George Dodson, Vice President Richard Newton, and
Directors Ralph Hunkins, Bobby Lindamood, John Terhoeve, Mark Slosson, and
Kathy Wheat
Also Present: 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, Parks and Recreation Director Lisa
Escobedo, Colleyville Center Manager Leslie Hill and Councilmember Callie Rigney
2. PRESENTATION AND DISCUSSION
2a Discussion of the FY 2020 proposed Colleyville Economic Development
Corporation (CEDC) budget and the FY 2020 - 2024 Economic
Development Capital Improvement Program (EDCIP) priorities
Assistant City Manager Mark Wood presented this item, highlighting 2019
operations and capital expenditures and projects which included: 13 part-time
librarians, one full-time library coordinator, one full time recreation specialist, a
portion of community relations specialist, technology (desktops, laptops, battery
backups, network switch), special events, library renovation, Colleyville Center
projects, Webb House rehab, and City Park improvements.
Manager Wood stated the 2020 budget will provide for continued operations,
special events, roof replacement at Colleyville Center, McPherson Park landscape
improvements, sidewalk and trail construction, and City Park restroom
renovations.
There was general brief discussion regarding the age of the roof at Colleyville
Center, and the restroom renovations.
Manager Wood gave an overall review of the budget line items, noting projects
planned throughout EDCIP. He noted the sales tax projection was not increased
from the 2019 projection, but there will be an update as SH26 construction wraps
up, for now, the plan is to remain conservative.
Vice President Newton stated there is an increase in investment revenue due to
the investment strategy which was approved last year and noted some of the
projects are placeholders for funding. Vice President Newton stated the Pedestrian
Colleyville Economic
Development Corporation Minutes August 13, 2019
City of Colleyville Page 2
Transportation Ad Hoc Committee has been appointed and will be looking at
connectivity and prioritization of sidewalks and trails. He stated some of the
funding will be based on the Committee’s report.
Director Hunkins asked if there is a fund balance goal. Vice President Newton
stated there are no fund balance legal requirements, which allows budgeting based
on need.
President Dodson stated the City is paying off debt, continuing cash purchasing,
and providing for a strong future cash plan. He said this is the second year of
being able to have an effective tax rate and he, and City Council, is very proud of
the accomplishment.
3. ADJOURNMENT
There being no further business to discuss, President Dodson adjourned the
worksession without objection at 6:05 p.m.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS, AND 0 ABSTENTIONS ON THIS THE
27TH DAY OF AUGUST 2019.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary