HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-08/20/2024
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 20, 2024
President Bobby Lindamood called the Colleyville Economic Development
Corporation Board meeting to order on August 20, 2024, at 5:07 p.m.
ROLL CALL: President Lindamood, and Directors Brandi Elder, Ralph Hunkins,
Scotty Richardson, and George Dodson.
ABSENT: Director John Terhoeve.
2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-24-171
2a Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors meeting of August 22, 2023
2b Approval of the minutes of the Colleyville Economic Development
Corporation Board of Directors Worksession of August 6, 2024
President Lindamood read Resolution R-24-171 in its entirety.
There was no discussion.
President Lindamood opened and closed the public hearing without any speakers.
Director Dodson made a motion to approve Resolution R-24-1171,
seconded by President Lindamood.
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Hunkins, Richardson,
and Dodson.
Absent: 1 – Director Terhoeve.
City of Colleyville Page 2
Colleyville Economic Development Corporation Minutes August 20, 2024
3. RESOLUTION(S): READING AND PUBLIC HEARING
3a Resolution R-24-172
Adopting the Economic Development Capital Improvement Program
(EDCIP) for the Fiscal Years 2025-2029 of the Colleyville Economic
Development Corporation
President Lindamood read Resolution R-24-172 in its entirety.
Finance Director Matt Poston presented this item for the EDCIP and the following
item for the FY25 CEDC Budget simultaneously. He began with an overview of the
CEDC and the proposed FY25 budget. Director Poston 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 sidewalks and trails at the Senior Center, the
additional election cost for conducting a bond election, and planned pond dredging
in 2027.
President Lindamood opened and closed the public hearing without any speakers.
Director Richardson made a motion to approve Resolution R-24-172,
seconded by Director Hunkins.
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Hunkins, Richardson,
and Dodson.
Absent: 1 – Director Terhoeve.
3b Resolution R-24-173
Adopting the Fiscal Year 2024 Budget
President Lindamood read Resolution R-24-173 in its entirety.
Finance Director Matt Poston presented this item and provided a brief overview of
the revenues and expenditures. He noted the fund is healthy and provides for the
CIP projects outlined in the presentation.
President Lindamood opened and closed the public hearing without any speakers.
Director Elder made a motion to approve Resolution R-24-173, seconded
by Director Richardson.
City of Colleyville Page 3
Colleyville Economic Development Corporation Minutes August 20, 2024
The motion to approve passed by the following vote:
Ayes: 5 – President Lindamood and Directors Elder, Hunkins, Richardson,
and Dodson.
Absent: 1 – Director Terhoeve.
4. ADJOURNMENT
There being no further business to come before the Board, President Lindamood
adjourned the meeting at 5:24 p.m.
APPROVED BY A VOTE OF 6 AYES, 0 NAYS, ON THIS THE 19TH DAY OF AUGUST
2025.
Minutes taken and prepared by:
Christine Loven, TRMC
City Secretary