July 20, 2017 EDC Minutes

 MINUTES

BOARD OF DIRECTORS SPECIAL MEETING HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION

City Hall Pre-Council Chambers - 5024 Broadway Avenue July 20, 2017 – 6:00 P.M.

A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, July 20, 2017, at the City Hall Pre-Council Chambers with the following members present: EDC President David Averitt; Board Members Bob Watkins, Ricky Brown, and Wesley Hart. Board Member Trae Fowler arrived at 6:10 p.m. Board Member Don Jury was absent. Staff Members present: EDC Executive Director Keith Lane, Assistant City Manager Rex Phelps, City Secretary Art Camacho, City Attorney Wayne Olson, Finance Comptroller Jon Stevenson, Interim Planning and Community Director Glenna Batchelor, Building Administrator Chris Rozanc, and Public Works Director Greg Van Nieuwenhuize.

CALL TO ORDER

EDC President Averitt called the meeting to order at 6:01 p.m.

  1. Approval of EDC Minutes – Consideration and/or action regarding approval of the Minutes of June 22, 2017. Board Member Watkins moved, seconded by Board Member Brown, to approve the minutes of June 22, 2017. The vote was unanimous. Motion carried.

  2. Finance Report – Discussion of the Finance Report for June 2017. Finance Comptroller Jon Stevenson presented the Finance Report. No action was taken.

The EDC went into Executive Session at 6:08 p.m.

EXECUTIVE SESSION

The Board will meet in closed session pursuant to the referenced sections of the Texas Government Code.

Section 551.071 – Consultation with the EDC Attorney. The Economic Development Corporation reserves the right to adjourn into Executive Session at any time during the course of this meeting to seek legal advice from the EDC Attorney about any matters listed on the agenda and litigation, project schedule/construction contract with Tiseo Paving, dissolution/restructuring of the Haltom City Economic Development Corporation, settlement offers and/or claims including Flynn v. Haltom City.

Section 551.072 – Real Property. The Economic Development Corporation may deliberate the purchase, exchange, lease or value of real property,

RECONVENE INTO REGULAR SESSION

The Council reconvened at 6:33 p.m.

  1. EDC Assistance Grant – Consideration and/or action for a $30,000 EDC Assistance Grant to MCL Contracting. Kyle LaPointe presented a PowerPoint detailing his plans for reconstruction, landscaping, marketing, and estimated revenue. A discussion was held regarding the location of the property and the purpose of the assistant grant. President Averitt opened the Public Hearing at 6:55 p.m. No one came forward. President Averitt closed the Public Hearing at 6:56 p.m. Board Member Fowler moved, seconded by Board Member Watkins, to table this EDC Assistance Grant agenda item

    until the next EDC meeting on August 17, 2017. The vote was unanimous. Motion carried. Mr. LaPointe will also provide a progress report on their reconstruction.

  2. EDC Assistance Grant – Consideration and/or action for a $50,000 EDC Assistance Grant to the Haltom Theater Group. Jane Ashley, of the Haltom Theater Group, presented a PowerPoint illustrating the different types of entertainment planned, specific improvements on the inside and outside, and fundraising events. A discussion as held regarding their current status and future projects. President Averitt opened the Public Hearing at 7:37 p.m. Citizens Layla Caraway, Gary Nunn, Huck Newberry and City Council Member Walter Grow spoke in support of the efforts of the group and its benefit for Haltom City. President Averitt closed the Public Hearing at 7:42 p.m. Board Member Trae Fowler moved, seconded by Board Member Watkins, to approve the EDC Assistance Grant to the Haltom Theater Group in the amount of $50,000. The vote was unanimous. Motion carried.

President Averitt brought forward Agenda Item # 3 for consideration.

3. Vice President – Consideration and/or action designating a Vice President. The Board used the balloting process and Board Member Brown received the most votes (3). Board Member Watkins moved, seconded by Board Member Fowler, to designate Board Member Ricky Brown as Vice President. The vote was unanimous. Motion carried.

  1. Development Agreement – Presentation, consideration and/or action regarding incentives and agreement with Anil Patel for sale and development of EDC owned properties. No discussion was held.

  2. Development Agreement – Presentation, consideration and/or action regarding incentives and agreement with Karmali Holdings, Inc. for sale and development of EDC owned properties. No discussion was held

ADJOURNMENT

EDC President Averitt adjourned the meeting at 7:45 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary David Averitt, President

EDC July 20, 2017 Minutes page 2

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