SOLD and DEMO at the EDC meeting on May 22, 2019

SOLD and DEMO is the subject of their meeting!

Directors:
Adam Martin-Present
Marcie Lowery-Absent
Jeremy Tate-Present
Joey Acfalle-Present
Jay Jackson-Present (He is new)

Council Liaison:
Charlie Youngs-ABSENT

Here are the highlights of the Economic Development Corporation meeting that was held on Wednesday, May 22, at 12:00. They meet every 4th Wednesday at 12:00 at the Technology Center 508 South 2nd Street and it is open to the public. This is where the city council meets.

The first three agenda items were routine budgetary items dealing with payroll, unaudited financial report, and the quarterly investment report. Their numbers look very good, as reported. All three passed unanimously.

HOTDA Dir Keith Sledd briefed the directors on DEAAG and their priorities. The two main priorities he spoke about was expanding northbound SH9, so commercial and truck traffic can enter Ft Hood at Tank Destroyer instead of Clark Rd, and the doubling of the SE Bypass in approximately 2021.  This was only a briefing!

Demolition for $32,000

The directors voted 4-0 to approve the bid to demo the EDC owned building (except for the slab) for $32,000. There were three bids ranging from 32,000 to 78,000. It will eventually make way for a new city administration building.

SOLD for $25,000

After several years of litigation, insurance, and repair attempts, Endevour purchased the lot and sign from the EDC for $25,000. Endevour will erect a new sign to advertise their stores at that location. The vote to approve the sale was 4-0.

There will be a strategic planning meeting with the city council on June 25, 2019, from 2-6pm. They will be discussing priorities for economic development for the city.

Joey Acfalle was approved by a vote of 4-0 to be the new Vice Chair of the EDC. It had been vacant since Chris Mulvey resigned from the EDC because of employment requirements. Marcie Lowery was also nominated but Chairman Martin declined to move it forward since Marcie was not present at the meeting.