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HomeMy WebLinkAboutColleyville Economic Development Corporation (CEDC)-Minutes-08/05/2025 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 5, 2025 - 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 George Dodson, Brandi Elder, Kimberly Holt Gunderson, Ralph Hunkins, Scotty Richardson, and John Terhoeve. Also Present: Finance Director Cassie Smith, 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 2026 proposed Colleyville Economic Development Corporation (CEDC) budget and the FY 2026 Economic Development Capital Improvement Program (EDCIP) priorities Finance Cassie Smith presented this item which began with an overview of the CEDC and the proposed FY26 operating and capital budgets. Director Smith provided a review of the CEDC budget line items, and notable highlights. There was discussion of the increase in expenditures, the Hotel Occupancy Tax, and Communications line item. The Board requested the Capital expenditures be reported separately, and noted a formula error. 3. ADJOURNMENT There being no further business to discuss, President Lindamood adjourned the Worksession at 5:28 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