March 15, 2018 EDC Minutes
BOARD OF DIRECTORS REGULAR MEETING HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION
City Hall Pre-Council Chambers - 5024 Broadway Avenue March 15, 2018 – 6:00 P.M.
A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, March 15, 2018, 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, and Don Jury. Board Member Wesley Hart 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.
CALL TO ORDER
President Brown called the meeting to order at 6:00 p.m.
EDC Minutes – Consideration and/or action to approve the Minutes of February 15, 2018. Board Member Watkins moved, seconded by Board Member Jury, to approve the Minutes of the February 15, 2018 meeting. The motion was approved unanimously.
Finance Report – Discussion of the monthly Finance Report. Finance Director Jennifer Fung presented the Finance Report and a question was asked regarding the explanation of certain expenses and the breakdown of the 8.25% sales tax. No action was taken.
EDC Assistance Grant – Consideration and/or action to approve an EDC Assistance Grant to Quickway Food Stores at 5025 Broadway Avenue. Assistant City Manager Rex Phelps presented an update on the prior conditions for the grant and property owner Ghalib Hussain had a PowerPoint presentation detailing the site, landscape, and employee information.
President Brown called for an Executive Session at 6:26 p.m. under the following:
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.
President Brown ended the Executive Session at 6:45 p.m. and the EDC took the following action: Board Member Fowler moved, seconded by Board Member Blocker, to approve an EDC Assistance Grant to Quickway Food Store at 5025 Broadway in the amount of $10,000 to assist in the additional enhancements toward the property. Board Members Brown, Watkins, Fowler, and Blocker voted aye. Board Member Jury voted nay. Motion carried.
Bylaws Attendance and EDC Property Transfer Amendment – Consideration and/or action to revise the attendance and EDC transfer policy in the EDC Bylaws. EDC Director Lane presented an Employee and board member policy addressing these issues. After a discussion regarding the contents of the policy, Board Member Jury moved, seconded by Board Member Watkins, to move this item to the next meeting. The vote was unanimous. Motion carried.
President Brown called for an Executive Session at 7:01 p.m. under previous Section 551.071. The EDC returned to Regular Session at 7:12 p.m. No action was taken.
President Brown adjourned the meeting at 7:12 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:
Art Camacho, City Secretary Ricky Brown, President