5024 Broadway Ave.
Haltom City, TX  76117
817-222-7700

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October 19, 2017 EDC Minutes

MINUTES

BOARD OF DIRECTORS REGULAR MEETING HALTOM CITY

ECONOMIC DEVELOPMENT CORPORATION

City Hall Pre-Council Chambers - 5024 Broadway Avenue October 19, 2017 – 6 P.M.

A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, October 19, 2017, at the City Hall Pre-Council Chambers with the following members present: Board Members Bob Watkins, Trae Fowler, Don Jury, and Wesley Hart. President David Averitt, Vice President Ricky Brown, and Board Member Gary Blocker were absent. Staff Members present: Assistant City Manager Rex Phelps, Finance Director Jennifer Fung, City Secretary Art Camacho, and City Attorney Wayne Olson. EDC Director Keith Lane was absent

CALL TO ORDER

Board Member Watkins called the meeting to order at 6 p.m.

  1. Approval of EDC Minutes – Consideration and/or action regarding approval of the Minutes of September 28, 2017. Board Member Jury moved, seconded by Board Member Watkins, to approve the September 28, 2017 minutes. The motion was approved unanimously. Motion carried.

  2. Finance Report – Discussion of the monthly financial report. Finance Director Jennifer Fung presented the financial report ending September 2017. A question was raised regarding the increase in the interest amount.

  3. Grant Policy Revision – Consideration and/or action to revise review procedures in the Economic Development Assistance Grant Policy. Assistant City Manager Rex Phelps presented the agenda item and a lengthy discussion was held regarding the grant timeline for applicants, the possibility of a quarterly review, and the procedure of the Grant Review Committee determination for funding consideration. Board Member Wesley Hart agreed to serve on the Grant Review Committee in lieu of his work experience. Board Member Fowler moved, seconded by Board Member Jury, to table this item until the next meeting and have the discussed revisions set for deliberation and consideration. The motion was approved unanimously. Motion carried.

  4. President and Vice President – Consideration and/or action designating a Board President and Vice President. Board Member Watkins nominated the name of current Vice President Ricky Brown for EDC President. There were no further nominations. Board Member Fowler nominated the name of Board Member Gary Blocker for EDC Vice President. There were no further nominations. A ballot vote was taken from the four Board Members for both nominations and both Vice President Ricky Brown received all four ballot votes for President and Board Member Gary Blocker received all four ballots for Vice President.

EXECUTIVE SESSION No executive session was held.

ADJOURNMENT

Board Member Watkins adjourned the meeting at 6:50 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary Ricky Brown, President

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