HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-8/6/2024City of Colleyville Page 1
CITY OF COLLEYVILLE
COLLEYVILLE ECONOMIC
DEVELOPMENT CORPORATION
BOARD WORKSESSION AGENDA
100 Main Street, Colleyville, Texas, 76034
Executive Conference Room - Third Floor
TUESDAY, AUGUST 6, 2024 - 5:00 PM
1.CALL TO ORDER
2.PRESENTATION AND DISCUSSION
2a Discussion of the FY 2025 proposed Colleyville Economic Development
Corporation (CEDC) budget and the FY 2025 Economic Development
Capital Improvement Program (EDCIP) priorities
3. ADJOURNMENT
I hereby certify this agenda was posted on City Hall bulletin boards Friday, August 2, 2024
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 WORKSESSION
MINUTES
100 Main Street, Colleyville, Texas, 76034
Executive Conference Room - Third Floor
TUESDAY, AUGUST 6, 2024 - 5:00 PM
President Lindamood called the Colleyville Economic Development Corporation
Board meeting to order on August 6, 2024, at 5:00 p.m.
ROLL CALL: President Lindamood, and Directors Brandi Elder, Ralph Hunkins,
Scotty Richardson, and George Dodson.
Also Present: Finance Director Matt Poston, Accounting Manager Karen Hines,
City Manager Jerry Ducay, Assistant City Manager Mark Wood, Parks and
Recreation Director Lisa Escobedo, Library Director Jack Pawlowski, and City
Secretary Christine Loven.
2. PRESENTATION AND DISCUSSION
2a Discussion of the FY 2025 proposed Colleyville Economic Development
Corporation (CEDC) budget and the FY 2025 Economic Development
Capital Improvement Program (EDCIP) priorities
Finance Director Matt Poston presented this item which began with an overview of
the CEDC and the proposed FY25 operating and capital budgets. Director Poston
provided a review of the CEDC budget line items, and notable highlights. He
stated the sales tax and interest projections are budgeted flat, however, he is
confident the projection will be surpassed. There was discussion of the
miscellaneous revenue which was not realized due to a grant not being secured in
FY24.
There was general discussion regarding the notable change toward enhancing park
amenities in the community, branding, and the synergy within the City.
3. ADJOURNMENT
There being no further business to discuss, President Lindamood adjourned the
Worksession at 5:25 p.m.
APPROVED BY A VOTE OF 5 AYES, 0 NAYS, ON THIS THE 20TH DAY OF AUGUST
2024.
Colleyville Economic Development Corporation
Board Worksession Minutes
August 6, 2024
City of Colleyville Page 2
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary