MINUTES
BOARD OF DIRECTORS
REGULAR MEETING
JANUARY 28, 2010
7:00 P.M.
THE BOARD OF DIRECTORS OF
PRESIDENT LARRY BOYD
VICE PRESIDENT RACHEL DOYLE
SECRETARY CLINT WESTMORELAND
TREASURER RONNIE HENDERSON
MEMBER WALT THOMAS
·
CALL TO
ORDER
President Boyd called the meeting to order at 7:03 p.m.
·
DISCUSS
AND CONSIDER PROPOSED PROJECTS AND CONSIDERATIONS FOR UPDATING THE STRATEGIC
PLAN AND ANNUAL ACTION ITEMS FOR THE FUTURE DEVELOPMENT OF
1)
Defining and
Prioritizing Long Term and Short Term Goals
2)
Discussion
of Statutory Authority of the EDC
Pam Mundo advised that every year it is important to review the Strategic Plan and to evaluate/develop new action items. The Mission Statement usually does not change often; however, review is needed to see if the Board desires changes.
Pam Mundo read the Mission Statement
being: To attract quality businesses and
development while maintaining the harmony of the natural landscape, scenic
vistas and the
Goal 1: Conduct Internal Marketing to Build Consensus
had several action items that the Board did accomplish in the past year and
were considering to continue for the next few years to manage the program
well. The Economic Development
Corporation was very active attracting more than $60,000,000 in new business. Member
The Board decided to develop 2-4
focus group discussion on economic development topics. Pam Mundo noted that the focus groups could
be used to educate and pass information back and forth between the citizens,
Board and Town Council. She indicated
that for complicated issues a focus group could add a better way of eliminating
misinformation. She suggested a focus
group of large land owners and small business people working on what kind of
retail was needed in
Pam Mundo said that focus groups of like minded people or focus group people of opposite opinions bring out the options and are a very good tool. She stated that economic topics needed to be chosen.
Goal 2: Manage the Economic Development Program. President Boyd recommended that the
Goal 3: Market the External Investment and
Development Interests. Pam Mundo said
the action items should be continued but after discussion, the Board agreed to
limit the advertising to the Dallas Business Journal Book of Lists. All agreed to keep the website up-to-date and
use that as an effective marketing tool.
Pam Mundo recommended the Board consider two methods of marketing including
becoming a Film Friendly community and receiving a
After discussion, the Board agreed to add becoming a Film Friendly Community. Pam Mundo also recommended that the Board look into the TIF (tax increment financing) as a way of attracting outside developers. She said there was some concern of borrowing for infrastructure in the community, but TIF districts were being used continuously. Pam Mundo said that last year, consultants were interviewed and that a TIF district could be considered for the Rick Sheldon project. There were no changes recommended.
Goal 4: Continue the Business Expansion and Recruitment Program.
Motion was made by Member
Henderson to approve the Strategic Plan updates. Motion seconded by Member Thomas. Motion carried unanimously.
· REVIEW AND CONSIDER APPROVING DECEMBER 2009 FINANCIAL REPORT
David Cranford, Finance Director, stated that everything seemed to be in budget for both expenditures and revenues. Discussion followed regarding website expense. Mr. Cranford advised that the annual rate was approximately $700 a year.
Motion was made by Member Doyle to approve the financial report for December 2009. Motion seconded by Member Thomas. Motion carried unanimously.
·
EXECUTIVE
SESSION AGENDA
1. PURSUANT TO SECTION 551.087 OF THE TEXAS
GOVERNMENT CODE TO DISCUSS AND DELIBERATE COMMERCIAL OR FINANCIAL INFORMATION
FROM A POTENTIAL BUSINESS PROSPECT THAT THE BOARD IS SEEKING TO LOCATE OR EXPAND
IN THE TOWN; TO DELIBERATE THE OFFER OF FINANCIAL OR OTHER INCENTIVE TO A BUSINESS
PROSPECT GENERALLY LOCATED SOUTH AND WEST OF U.S. HIGHWAY 80 AT EAST FORK ROAD.
President Boyd adjourned into executive session at 8:06 p.m.
President Boyd reconvened into regular session at 8:54 p.m.
2. CONSIDER ANY ACTION AS A RESULT OF THE
EXECUTIVE SESSION
No action
taken.
·
ADJOURN
President Boyd adjourned the meeting at 8:54 p.m.
The undersigned presiding officer
certifies that this is a true and correct record of the proceedings.
___________________________________
President Lawrence Boyd
ATTEST:
_______________________________
A TAPE RECORDING OF THIS MEETING IS ON FILE AT TOWN HALL. THESE MINUTES ARE CONDENSED THEREFROM.