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Home My WebLink AboutColleyville Economic Development Corporation (CEDC)-Agenda Packets-08/18/2026 City of Colleyville Page 1 CITY OF COLLEYVILLE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD AGENDA 100 Main Street, Colleyville, Texas, 76034 TUESDAY, AUGUST 18, 2026 - 5:00 PM 1. CALL TO ORDER 2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-26-177 2a Approval of the minutes of the Colleyville Economic Development Corporation Board of Directors meeting of August 19, 2025 2b Approval of the minutes of the Colleyville Economic Development Corporation Board of Directors Worksession meeting of August 4, 2026 3. RESOLUTION(S): READING AND PUBLIC HEARING 3a Resolution R-26-178 Adopting the Economic Development Capital Improvement Program (EDCIP) for the Fiscal Years 2027-2031 of the Colleyville Economic Development Corporation 3b Resolution R-26-179 Adopting the Fiscal Year 2027 Budget 4. ADJOURNMENT I hereby certify this agenda was posted on City Hall bulletin boards August 12, 2026, 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 817.503.1130, and reasonable accommodations will be made to assist you. RESOLUTION R-26-177 A RESOLUTION APPROVING ACTION UNDER CONSENT ITEMS AT THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING OF AUGUST 18, 2026 WHEREAS, the Board has taken action on certain items on the agenda under Consent items. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION: Sec. 1. THAT the agenda decisions approved by Colleyville Economic Development Corporation Board action under Consent items as follows are hereby adopted: a. Approval of the minutes of the Colleyville Economic Development Corporation Board of Directors meeting of August 19, 2025 b. Approval of the minutes of the Colleyville Economic Development Corporation Board of Directors Worksession meeting of August 4, 2026 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF _ AYES, _ NAYS, ON THIS 18TH DAY OF AUGUST 2026. President Bobby Lindamood Aye Director Brandi Elder Aye Director George Dodson Aye Director Scotty Richardson Aye Director Ralph Hunkins Abst Director Jay Anthony Aye Director Kimberly Gunderson Aye ATTEST: COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION Christine Loven, TRMC Bobby Lindamood Secretary President City of Colleyville Page 1 CITY OF COLLEYVILLE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD MINUTES 100 Main Street, Colleyville, Texas, 76034 Executive Conference Room - Third Floor TUESDAY, AUGUST 19, 2025 - 5:00 PM President Lindamood called the Colleyville Economic Development Corporation Board meeting to order on August 19, 2025, at 5:00 p.m. ROLL CALL: President Bobby Lindamood, and Directors George Dodson, Brandi Elder, Kimberly Holt Gunderson, Ralph Hunkins, Scotty Richardson, and John Terhoeve. ABSENT: Director Ralph Hunkins 2. CONSENT: READING AND PUBLIC HEARING - RESOLUTION R-25-174 2a Approval of the minutes of the Colleyville Economic Development Corporation Board of Directors meeting of August 20, 2024 2b Approval of the minutes of the Colleyville Economic Development Corporation Board of Directors Worksession meeting of August 5, 2025 President Lindamood read Resolution R-25-174 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-25-174, seconded by Director Richardson. The motion was approved by the following vote: Ayes: 6 – President Bobby Lindamood, and Directors George Dodson, Brandi Elder, Kimberly Holt Gunderson, Scotty Richardson, and John Terhoeve. Absent: 1 – Director Ralph Hunkins CEDC Minutes August 19, 2025 City of Colleyville Page 2 3. RESOLUTION(S): READING AND PUBLIC HEARING 3a Resolution R-25-175 Adopting the Economic Development Capital Improvement Program (EDCIP) for the Fiscal Years 2026-2030 of the Colleyville Economic Development Corporation President Lindamood read Resolution R-25-175 in its entirety. Finance Director Cassie Smith reviewed the EDCIP for 2026-2030. There was general discussion of the security cameras in City parks. Director Richardson stated he approves of the projects in the EDCIP, noting specifically the parking awnings for Parks vehicles, the wallpaper in the library and City Hall, park signage, and Rec Center. President Lindamood opened and closed the public hearing without any speakers. Director Elder made a motion to approve Resolution R-25-175, seconded by Director Holt Gunderson. The motion was approved by the following vote: Ayes: 6 – President Bobby Lindamood, and Directors George Dodson, Brandi Elder, Kimberly Holt Gunderson, Scotty Richardson, and John Terhoeve. Absent: 1 – Director Ralph Hunkins 3b Resolution R-25-176 Adopting the Fiscal Year 2026 Budget President Lindamood read Resolution R-25-176 in its entirety. Finance Director Cassie Smith reviewed the FY26 budget. City Manager Jerry Ducay highlighted the increases in the FY26 budget over FY25 budget were a modest increase for salaries, library programs, and other minor inflationary costs. There was general discussion of the projected surplus and years of cost savings on projects. President Lindamood opened and closed the public hearing without any speakers. CEDC Minutes August 19, 2025 City of Colleyville Page 3 Director Dodson made a motion to approve Resolution R-25-176, seconded by Director Richardson. The motion was approved by the following vote: Ayes: 6 – President Bobby Lindamood, and Directors George Dodson, Brandi Elder, Kimberly Holt Gunderson, Scotty Richardson, and John Terhoeve. Absent: 1 – Director Ralph Hunkins 4. ADJOURNMENT There being no further business, President Lindamood adjourned the Board Meeting at 5:18 p.m. Minutes taken and prepared by: Christine Loven, TRMC City Secretary 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 4, 2026 - 5:00 PM President Lindamood called the Colleyville Economic Development Corporation Board meeting to order on August 4, 2026, at 5:12 p.m. ROLL CALL: President Lindamood, and Directors Jay Anthony, George Dodson, Kimberly Holt Gunderson, Ralph Hunkins, and Scotty Richardson. ABSENT: Director Brandi Elder. Also Present: Finance Director Cassie Smith, City Manager Jerry Ducay, Assistant City Manager Mark Wood, Parks and Recreation Director Lisa Escobedo, Library Director Jack Pawlowski, Capital Projects Program Manager Elijah Dorminy, and City Secretary Christine Loven. 2. PRESENTATION AND DISCUSSION 2a Discussion of the FY 2027 proposed Colleyville Economic Development Corporation (CEDC) budget and the FY 2027 Economic Development Capital Improvement Program (EDCIP) priorities Finance Director Cassie Smith presented this item which began with an overview of the CEDC and the proposed FY27 operating and capital budgets. Finance Director Smith provided a review of the CEDC budget line items and notable highlights. There was discussion regarding capital projects, fund balance reserves, and investment income interest. City Manager Jerry Ducay discussed the City’s strategy for fiscal responsibility and the success the City has had with receiving grant funding and completing projects. 3. ADJOURNMENT There being no further business to come before the Board, President Lindamood adjourned the Worksession at 5:31 p.m. Minutes taken and prepared by: Christine Loven, TRMC City Secretary City of Colleyville Page 1 CITY OF COLLEYVILLE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD BRIEFING Agenda Number 3a Agenda Date 8/18/2026 Number Resolution R-26-178 Type Resolution Department City Secretary Title Adopting the Economic Development Capital Improvement Program (EDCIP) for the Fiscal Years 2027-2031 of the Colleyville Economic Development Corporation Explanation Reading and Public Hearing The Colleyville Economic Development Corporation Bylaws require the Board to develop a combined Economic Development Capital Improvement Program (EDCIP) annually, which sets forth long and short-term goals. This program "shall be one that addresses the development needs of the City within the financial constraints available to the Corporation.” The "EDCIP shall identify the projects to be undertaken by the Corporation and include proposed methods and the expected cost of the implementation.” After the EDCIP is developed, it must be approved by the City Council. On August 4, 2026, the Board met in a worksession and reviewed and discussed the proposed projects included in the FY 2027-2031 EDCIP. The attached resolution approves the FY 2027-2031 EDCIP. Attachments 1. CEDC FY27 Budget Presentation 2. Resolution R-26-178 1 Colleyville Economic Development Corporation (CEDC) FY 2027 Budget Colleyville Economic Development Corporation Board August 18, 2026 2 CEDC History/Highlights History •Approved by voters and incorporated on September 3, 1996 •“The adoption of an additional one-half cent sales and use tax to provide for parks and parks facilities, a library, a community center, open space improvements, and other facilities and improvements only as authorized...” •Established as a Type B EDC •Funded by ½ cent (0.50%) local sales tax Highlights •Currently funds 19.850 FTEs across Library, Parks & Recreation and the Colleyville Center. •Funds operational costs of those departments. •Funds special events held throughout the year. •Funds capital improvements of the related facilities. 3 FY 2027 Operating Budget 4 FY 2027 Operating Budget 5 FY 2026 Capital Budget Questions and Discussion? RESOLUTION R-26-178 A RESOLUTION ADOPTING THE ECONOMIC DEVELOPMENT CAPITAL IMPROVEMENT PROGRAM (EDCIP) FOR FISCAL YEARS 2027-2031 WHEREAS, the bylaws of the Colleyville Economic Development Corporation require that an Economic Development Capital Improvement Program (EDCIP) be developed, setting forth long and short- term goals that address the needs of the City within the financial constraints of revenues available to the Corporation; and WHEREAS, the EDCIP shall identify projects to be undertaken by the Corporation and the expected cost of the implementation. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION: Sec. 1. THAT the Economic Development Capital Improvement Program of the Colleyville Economic Development Corporation (Exhibit A) is hereby adopted. Sec. 2. THAT once approved, the EDCIP will be forwarded to the City Council for their subsequent approval. Sec. 3. THAT this Resolution shall become effective on the date of passage. AND IT IS SO RESOLVED. APPROVED BY A VOTE OF AYES, NAYS, ON THIS 18TH DAY OF AUGUST 2026. President Bobby Lindamood Aye Director Brandi Elder Aye Director George Dodson Aye Director Scotty Richardson Aye Director Ralph Hunkins Aye Director Jay Anthony Absent Director Kimberly Gunderson ATTEST: COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION Christine Loven, TRMC Bobby Lindamood Secretary President Exhibit “A” Colleyville Economic Development Corporation Current Year and Five-year CIP Plan FY 2026 CEDC Ci ty Hal l & Li brary Re novati ons (Wal l pape r re moval )70,000 Park Si gnage Re pl ace me nt 220,000 Se curi ty Came ras i n Parks - FY26 100,000 390,000$ FY 2027 CEDC Aw ni ngs at Parks Faci l i ty / Ci ty South Lot 300,000 Park Si gnage Re pl ace me nt 250,000 Re cre ati on Ce nte r / V oti ng Ce nte r 1,000,000 1,550,000$ FY 2028 CEDC Dre dgi ng P onds 120,000 Park Pl ayground 500,000 Se ni or Ce nte r / Re cre ati on Ce nte r Land Improve me nts 250,000 870,000$ FY 2029 CEDC N /A - -$ FY 2030 CEDC N /A - -$ FY 2031 CEDC Comp. Study/Sti pe nd 300,000 Re gi onal Trai l Proj e ct 1,000,000 1,300,000$ Five -ye ar Total CIP (FY27 - FY31)4,110,000$ City of Colleyville Page 1 CITY OF COLLEYVILLE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION BOARD BRIEFING Agenda Number 3b Agenda Date 8/18/2026 Number Resolution R-26-179 Type Resolution Department City Secretary Title Adopting the Fiscal Year 2027 Budget Explanation Reading and Public Hearing Per the Colleyville Economic Development Corporation (CEDC) bylaws, the Board of Directors must adopt an annual budget. The FY 2027 budget replicates the revenues and expenditures contained in the proposed FY 2027 - 2031 EDCIP, which was reviewed during the CEDC budget worksession on August 4, 2026. Proposed operating expenditures for FY 2027 total $2,606,385, as reflected in the attached FY 2027 CEDC Budget. Attachments 1. CEDC Budget FY27 2. Resolution R-26-179 City of Colleyville 2027 2028 2029 2030 2031 2032 Colleyville Economic Development Corporation (CEDC) Fund Projection Original Budget Revised Estimate Proposed Budget Revenues: Sales Tax 2,650,000$ 2,650,000$ 2,805,000$ 2,861,100$ 2,918,322$ 2,976,688$ 3,036,222$ 3,096,947$ Investment Income/(Losses)180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 Total Revenues 2,830,000 2,830,000 2,985,000 3,041,100 3,098,322 3,156,688 3,216,222 3,276,947 Expenses: Administration 2,000 2,000 2,060 2,101 2,143 2,186 2,230 2,274 Library 650,366 653,722 681,852 705,078 729,152 754,107 779,975 806,793 Parks Maintenance 545,793 545,793 555,241 570,338 585,897 601,933 618,462 635,502 Recreation 405,406 405,406 420,689 437,517 455,017 473,218 492,147 511,832 Senior Center 280,983 280,983 292,261 302,629 313,386 324,546 336,125 348,139 Communications 369,000 369,000 352,000 359,040 366,221 373,545 381,016 388,636 Colleyville Center 221,717 255,467 302,282 342,639 354,013 365,817 378,071 390,790 Total Expenses 2,475,265 2,512,371 2,606,385 2,719,343 2,805,829 2,895,352 2,988,026 3,083,967 Operating Surplus/(Deficit)354,735 317,629 378,615 321,757 292,493 261,336 228,196 192,979 Total Capital Expenditures (2,560,000) (960,000) (1,874,400) (870,000) - - (1,300,000) - Net Change in Available Funds 354,735 (642,371) (1,495,785) (548,243) 292,493 261,336 228,196 192,979 Available Funds, beginning 6,980,706$ 6,338,335$ 4,842,550$ 4,294,307$ 4,586,800$ 4,848,136$ 5,076,333$ Available Funds, ending 6,338,335 4,842,550 4,294,307 4,586,800 4,848,136 5,076,333 5,269,312 90-day Operating 620,743 651,596 672,486 694,107 716,488 739,657 763,642 Available Funds Above/(Below) Policy 5,717,592 4,190,954 3,621,822 3,892,693 4,131,648 4,336,676 4,505,670 2026 Projected Budget RESOLUTION R-26-179 A RESOLUTION ADOPTING AN ANNUAL BUDGET FOR FISCAL YEAR 2027 FOR THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION WHEREAS, the bylaws of the Colleyville Economic Development Corporation require that an annual budget be adopted by the Board of Directors; and WHEREAS, the bylaws require the budget include projected revenues and proposed expenditures. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION: Sec. 1. THAT the Fiscal Year 2027 budget amounts for the Colleyville Economic Development Corporation are as follows: Total Revenues $2,985,000 Operating Expenditures $2,606,385 Capital Expenditures $1,874,400 Total Expenditures $4,480,785 AND IT IS SO RESOLVED. APPROVED BY A VOTE OF _ AYES, _ NAYS, ON THIS 18TH DAY OF AUGUST 2026. President Bobby Lindamood Aye Director Brandi Elder Aye Director George Dodson Aye Director Scotty Richardson Aye Director Ralph Hunkins t Director Jay Anthony Aye ATTEST: COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION Christine Loven, TRMC Bobby Lindamood Secretary President