HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-8/22/2023
City of Colleyville Page 1
CITY OF COLLEYVILLE
COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION
BOARD AGENDA
100 Main Street, Colleyville, Texas, 76034
City Council Chambers
TUESDAY, AUGUST 22, 2023 - 5:00 PM
1. CALL TO ORDER
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-23-166
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 23, 2022
2b Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors Worksession of August 1, 2023
3. RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-23-167
Adopting the Economic Development Capital Improvement Program
(EDCIP) for the Fiscal Years 2024-2028 of the Colleyville Economic
Development Corporation
3b Resolution R-23-168
Adopting the Fiscal Year 2024 Budget
3c Resolution R-23-169
Amending the bylaws of the Colleyville Economic Development
Corporation to change the annual board meeting date to the date of
the second City Council meeting in August
3d Resolution R-23-170
Electing a Colleyville Economic Development Corporation Board
President and Vice President
4. REPORTS
Annual Activity Report
Annual Investment Report
5. ADJOURNMENT
Colleyville Economic Development Corporation
Board Agenda August 22, 2023
City of Colleyville Page 2
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August 18,
2023, by 5:00 p.m.
Christine Loven, TRMC
City Secretary
A quorum of any Colleyville board, commission, or committee may be present 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
817.503.1133, and reasonable accommodations will be made to assist you.
City of Colleyville Page 1
CITY OF COLLEYVILLE
COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION BOARD
MINUTES
100 Main Street, Colleyville, Texas, 76034
City Council Chambers
TUESDAY, AUGUST 22, 2023
President Bobby Lindamood called the Colleyville Economic Development
Corporation Board meeting to order on August 22, 2023, at 5:00 p.m.
ROLL CALL: President Bobby Lindamood, Directors Brandi Elder, Callie Rigney,
Scotty Richardson, and John Terhoeve.
ABSENT: Director Ralph Hunkins.
ALSO PRESENT: City Manager Jerry Ducay, Finance Director Kyle Lester, and City
Secretary Christine Loven.
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-23-166
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 23, 2022
2b Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors Worksession of August 1, 2023
President Lindamood read Resolution R-23-166 in its entirety.
There was no discussion.
President Lindamood opened and closed the public hearing without any speakers.
Director Rigney made a motion to approve Resolution R-23-166, seconded
by Director Elder.
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Rigney, Richardson,
and Terhoeve.
City of Colleyville Page 2
Colleyville Economic Development Corporation Minutes August 22, 2023
3. RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-23-167
Adopting the Economic Development Capital Improvement Program
(EDCIP) for the Fiscal Years 2024-2028 of the Colleyville Economic
Development Corporation
President Lindamood read Resolution R-23-167 in its entirety.
Finance Director Kyle Lester presented this item for the EDCIP and the following
item for the FY24 CEDC Budget simultaneously. He began with an overview of the
CEDC and the proposed FY24 budget. Director Lester provided a review of the
CEDC budget line items, noting projects planned throughout the EDCIP. He stated
the sales tax projections are conservative, although he is confident the projection
will be surpassed.
There was discussion regarding the flag poles having been purchased and needing
to be removed from the 2027 project plans and the cost and process for dredging
a pond.
President Lindamood opened and closed the public hearing without any speakers.
Director Elder made a motion to approve Resolution R-23-167, seconded
by Director Richardson.
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Rigney, Richardson,
and Terhoeve.
3b Resolution R-23-168
Adopting the Fiscal Year 2024 Budget
President Lindamood read Resolution R-23-168 in its entirety.
Finance Director Kyle Lester presented this item and provided a brief overview the
revenues and expenditures. He noted the FY24 major operating increases are for
three full time recreation specialists, two full time and four part-time recreation
coordinators, to staff the new Recreation Center.
President Lindamood opened and closed the public hearing without any speakers.
Director Richardson made a motion to approve Resolution R-23-168,
seconded by Director Elder.
City of Colleyville Page 3
Colleyville Economic Development Corporation Minutes August 22, 2023
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Rigney, Richardson,
and Terhoeve.
3c Resolution R-23-169
Amending the bylaws of the Colleyville Economic Development
Corporation to change the annual board meeting date to the date of the
second City Council meeting in August
President Lindamood read Resolution R-23-169 in its entirety.
President Lindamood noted this item was self-explanatory and was discussed at
the Worksession earlier in the month.
President Lindamood opened and closed the public hearing without any speakers.
Director Rigney made a motion to approve Resolution R-23-169, seconded
by Director Terhoeve.
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Rigney, Richardson,
and Terhoeve.
3d Resolution R-23-170
Electing a Colleyville Economic Development Corporation Board President
and Vice President
President Lindamood read Resolution R-23-170 in its entirety.
Director Richardson nominated Bobby Lindamood to serve as President, and
Director Brandi Elder to serve as Vice President.
President Lindamood opened and closed the public hearing without any speakers.
Director Richardson made a motion to approve Resolution R-23-170,
electing Bobby Lindamood, President, and Brandi Elder, Vice President,
seconded by Director Rigney.
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Rigney, Richardson,
and Terhoeve.
City of Colleyville Page 4
Colleyville Economic Development Corporation Minutes August 22, 2023
4. REPORTS
Annual Activity Report
Annual Investment Report
Finance Director Kyle Lester gave a brief review of both reports. There was not
discussion and no action taken.
5. ADJOURNMENT
There being no further business to come before the Board, President Lindamood
adjourned the meeting at 5:39 p.m.
APPROVED BY A VOTE OF 5 AYES, 0 NAYS, ON THIS THE 21ST DAY OF AUGUST
2024.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary