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

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December 14, 2017 EDC Minutes

MINUTES

BOARD OF DIRECTORS REGULAR MEETING HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION

City Hall Pre-Council Chambers - 5024 Broadway Avenue December 14, 2017 – 6:00 P.M.

A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, December 14, 2017, at the City Hall Pre-Council Chambers with the following members present: President Ricky Brown; Vice President Gary Blocker; Board Members Bob Watkins, Trae Fowler, Don Jury, and Wesley Hart. Board Member David Averitt was absent. Staff Members present: EDC Director Keith Lane, Assistant City Manager Rex Phelps, Finance Director Jennifer Fung, City Secretary Art Camacho, and City Attorney Wayne Olson. City Council Members Jeannine Nunn and Walter Grow were also present during the meeting and Executive Session.

CALL TO ORDER

President Brown called the meeting to order at 6:02 p.m.

  1. Approval of EDC Minutes – Consideration and/or action regarding approval of the Minutes of November 16, 2017. Board Member Jury moved, seconded by Board Member Watkins, to approve the November 16, 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 November 2017. No questions were raised regarding the report.

  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 revised version of the grant policy with the two basic changes consisting of the removal of restrictions on the redevelopment area and the allowance of grant approval even after construction has begun. Board Member Jury moved, seconded by Board Member Watkins, to approve the grant policy revisions. The motion was approved unanimously. Motion carried.

    EXECUTIVE SESSION

    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, 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, including properties for projects related to the development of new city facilities pertaining to the bond election.

    President Brown called for an Executive Session at 6:08 p.m.

    RECONVENE INTO REGULAR SESSION

  4. President Brown reconvened the EDC into Regular Session at 7:28 p.m. Board Member Jury moved, seconded by Board Member Watkins, for the EDC to make available land that the City has identified as the best location for a fire station if the City Council votes to put the fire station on the bond election. The motion was approved unanimously. Motion carried. Board Member Jury moved, seconded by Board Member Watkins, to approve the EDC five (5) acres south of the Library for a municipal complex housing consisting of a joint City Hall/Police Department for a

leasing agreement and not a donation or sale, contingent upon the pipeline discovery. The motion was approved unanimously. Motion carried. Board Member Fowler requested a policy be developed and placed on the next EDC meeting in regard to both meeting attendance and real property transfers.

ADJOURNMENT

President Brown adjourned the meeting at 7:37 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary Ricky Brown, President

EDC December 14, 2017 Minutes page 2

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