HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-8/23/2022City of Colleyville Page 1
City of Colleyville
Colleyville Economic
Development Corporation
Board Agenda
City Hall
100 Main Street
Colleyville, Texas 76034
817.503.1000
www.colleyville.com
Tuesday, August 23, 2022
4:30 p.m.
City Council Chambers
Third Floor, City Hall
1.CALL TO ORDER
2.CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-22-
162
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 24, 2021
2b Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors Worksession of August 2, 2022
3.RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-22-163
Adopting the Economic Development Capital Improvement Program
(EDCIP) for the Fiscal Years 2023-2027 of the Colleyville Economic
Development Corporation
3b Resolution R-22-164
Adopting the Fiscal Year 2023 Budget
3c Resolution R-22-165
Electing a Colleyville Economic Development Corporation Board
President and Vice President
4.REPORTS
Annual Activity Report
Annual Investment Report
5.ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August
19, 2022 by 5:00 p.m.
Colleyville Economic
Development Corporation
Agenda August 23, 2022
City of Colleyville Page 2
Christine Loven, TRMC
City Secretary
A quorum of the Colleyville City Council and/or any other Colleyville Board,
Commission, or Committee may be in attendance at this meeting.
Any matter on this agenda may, at the discretion of the governing body, be
opened for public comment and discussion.
If you plan to attend this public meeting and have a disability that requires special
accommodations, please advise the City Secretary at least 48 hours in advance at
817.503.1130, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
City of Colleyville
Colleyville Economic
Development
Corporation Board
Minutes
City Hall
100 Main Street
Colleyville, Texas 76034
817. 503.1000
www.colleyville.com
Tuesday, August 23, 2022
President Dodson called the Colleyville Economic Development Corporation Board
meeting to order on August 23, 2022, at 4:33 p.m.
ROLL CALL: President George Dodson, Vice President Kathy Wheat, and Directors
Bobby Lindamood, Scotty Richardson, and Callie Rigney.
ABSENT: Directors Ralph Hunkins and John Terhoeve.
Also Present: City Manager Jerry Ducay, Assistant City Manager Adrienne
Lothery, Assistant City Manager Mark Wood, Finance Director Kyle Lester, and
Assistant City Secretary Angela Larson.
2. CONSENT: READING AND PUBLIC HEARING- RESOLUTION R-22-162
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 24, 2021
2b Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors Worksession of August 2, 2022
President Dodson read Resolution R-22-162 in its entirety.
President Dodson noted a correction to be made on the CEDC Worksession of
August 2, 2022 minutes, amending Director Kathy Wheat to Vice President Kathy
Wheat.
There were no speakers and President Dodson opened and closed the public
hearing at 4:36 p.m.
Vice President Wheat made a motion to approve Resolution R-22-162, with the
amendment of changing Director Kathy Wheat to Vice President Kathy Wheat,
seconded by Director Rigney.
The motion was approved by the following vote:
Ayes: 5 – President Dodson, Vice President Wheat, Directors Lindamood,
Richardson, and Rigney.
Absent: 2 – Directors Hunkins and Terhoeve.
Colleyville Economic
Development Corporation Minutes August 23, 2022
City of Colleyville Page 2
3. RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-22-163
Adopting the Economic Development Capital Improvement Program
(EDCIP) for the Fiscal Years 2023-2027 of the Colleyville Economic
Development Corporation
President Dodson read Resolution R-22-163 in its entirety.
Finance Director Kyle Lester presented this item and the FY 2023 CEDC budget as
one item. Finance Director Lester provided an overview of the budget noting a
request for two full time positions, and continued projects which include parks
restroom renovations, Parks and Recreation beautification, Senior Center, sidewalk
and trail construction, Parks design, and security.
Director Lester provided a multiyear review of the CEDC budget line items, noting
savings in the Library part-time positions, and expenses regarding additional
positions, Colleyville Center sign, and Library equipment. He also noted the Heroes
Park project’s design will begin and will be fully funded in FY 2025 and FY 2026.
Vice President Wheat asked if there is a minimum balance the City maintains.
Director Lester stated yes, the balance is for 100 days but the policy is 90 days.
Director Richardson asked why the Parks fund has been decreased. City Manager
Jerry Ducay stated the fund is reflecting obtainable short term projects and
creating the availability of cash on hand for possible future projections. Director
Richardson expressed his concerns with Kimzey Park maintenance and safety.
There were no speakers and President Dodson opened and closed the public
hearing at 4:50 p.m.
Director Lindamood made a motion to approve Resolution R-22-163, seconded by
Director Richardson.
The motion was approved by the following vote:
Ayes: 5 – President Dodson, Vice President Wheat, Directors Lindamood,
Richardson, and Rigney.
Absent: 2 – Directors Hunkins and Terhoeve.
3b Resolution R-22-164
Adopting the Fiscal Year 2023 Budget
Colleyville Economic
Development Corporation Minutes August 23, 2022
City of Colleyville Page 3
President Dodson read Resolution R-22-164 in its entirety.
There was no discussion as Finance Director Kyle Lester had presented the
information in conjunction with Resolution R-22-163.
There were no speakers and President Dodson opened and closed the public
hearing at 4:52 p.m.
Director Rigney made a motion to approve Resolution R-22-164, seconded by
Vice President Wheat.
The motion was approved by the following vote:
Ayes: 5 – President Dodson, Vice President Wheat, Directors Lindamood,
Richardson, and Rigney.
Absent: 2 – Directors Hunkins and Terhoeve.
3c Resolution R-22-165
Electing a Colleyville Economic Development Corporation Board President
and Vice President
President Dodson read Resolution R-22-165 in its entirety.
There was no discussion.
There were no speakers and President Dodson opened and closed the public
hearing at 4:55 p.m.
Director Rigney made a motion to approve Resolution R-22-165, electing George
Dodson President, and Kathy Wheat Vice President, seconded by Director
Lindamood.
The motion was approved by the following vote:
Ayes: 5 – President Dodson, Vice President Wheat, Directors Lindamood,
Richardson, and Rigney.
Absent: 2 – Directors Hunkins and Terhoeve.
4. REPORTS
Annual Activity Report
Annual Investment Report
Colleyville Economic
Development Corporation Minutes August 23, 2022
City of Colleyville Page 4
Finance Director Kyle Lester gave a high-level review of both reports as they were
provided in written form in the agenda packet.
5. ADJOURNMENT
There being no further business, President Dodson adjourned the meeting without
objection at 5:03 p.m.
APPROVED BY A VOTE OF 5 AYES, 0 NAYS, ON THIS THE 22ND DAY OF AUGUST
2023.
Minutes taken and prepared by:
Angela Larson
Assistant City Secretary