Vacancy at the EDC and the Monthly Meeting

Economic Development Corporation meeting in July 24, 2019

The Board:
Adam Martin-Present
Joey Acfalle-Present
Jeremy Tate-Present
Jay Jackson-Present

Council Liaison:
Charlie Youngs-Present




The Agenda:

It was announced that EDC Administrative Assistant Brittany Sanders was promoted to EDC Specialist. Congratulations on your promotion.

Nobody spoke at their Citizens Forum

There were two items on the Consent Agenda that only dealt with minutes from previous meetings. They passed with a vote of 4-0.

Action Items:

The board approved releasing funds to Copperas Cove, in the sum of $476.06, for 7.5 hours of payroll in the month of June. Vote to pass was 4-0.

The board approved the unaudited June financial report for the EDC. The EDC Portfolio currently has $6.2 million compared to this time last year, which was $5.5 million. They increase their portfolio by $700,000. Vote to pass was 4-0.

Weaver and Tidwell LLP will conduct the 2019 EDC Audit, again, The fee will not exceed $8500. Vote to pass was 4-0.

Marcie Lowery has resign from her position on the EDC. Her term officially ends at the end of September. So if the city appoints somebody to her position before then, it would have to go through the process again in October. She was a valuable resource to the Board of Directors.

EDC without Marcie

Staff reports:

Diane Drussell reported that they will within the next day select a firm to develop their new website. At this time they had dwindled the list down to 4 companies.

Diane Drussell  reports that the Narrows Standards document is almost complete. It will dictate on the building, streets, places, signs, and everything else will adhere to in the Narrows. Examples would be no more trailer buildings and porta-johns!

The demo of the building on 2nd street is now delayed because the hired contractor backed out the day prior to demo day. Diane said she is speaking to other companies to do it and do it soon.

Jonas Titas wanted to plan a planning workshop and capital projects discussion but Adam Martin convinced him to delay them until there is a complete EDC Board.

There was an executive session for a Project Coral but they came out and announced "No Action Taken".