5024 Broadway Ave.
Haltom City, TX  76117
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August 17, 2017 EDC Minutes

MINUTES

BOARD OF DIRECTORS SPECIAL MEETING HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION

City Hall Pre-Council Chambers - 5024 Broadway Avenue August 17, 2017 – 6 P.M.

A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, August 17, 2017, at the City Hall Pre-Council Chambers with the following members present: Vice President Ricky Brown; Board Members Bob Watkins, Trae Fowler, Don Jury, Gary Blocker, and Wesley Hart. President David Averitt was absent. Staff Members present: EDC Executive Director Keith Lane, Assistant City Manager Rex Phelps, Assistant City Secretary Donna Pliska, and City Attorney Drew Larkin.

CALL TO ORDER

EDC Vice President Brown called the meeting to order at 6 p.m.

  1. Approval of EDC Minutes – Consideration and/or action regarding approval of the Minutes of June 22, 2017. These minutes were approved at the July 20, 2017, meeting. No action taken.

  2. Finance Report – Discussion of the Finance Report for June 2017. No discussion on this item. It was presented at the July 20, 2017 meeting.

  3. Vice President – Consideration and/or action designating a Vice President. The Vice President was designated at the July 20, 2017 meeting. No action taken.

  4. EDC Assistance Grant – Consideration and/or action for a $30,000 EDC Assistance Grant to MCL Contracting. A discussion was held regarding MCL Contracting regarding landscaping, fencing, gating, security cameras, and overall construction costs and plans. With their expansion, MCL Contracting will add 25 employees. Project completion dates and the payout of grant money to begin in FY2018 was discussed.

    EXECUTIVE SESSION

    The EDC adjourned into executive session under Sec. 551.071 to discuss item No. 4 at 6:29 p.m. Board Member Hart left the meeting at 6:30 before executive session discussion started.

    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, April 2015 grant aware agreement to ZaPri LLC, 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

    EDC reconvened into regular session at 6:48 p.m.

    Vice President Brown called for a motion. Board Member Jury moved, seconded by Board Member Watkins, to approve the $30,000 Assistance Grant to MCL Contracting. The vote was unanimous. Motion carried.

  5. EDC Assistance Grant – Consideration and/or action for a $50,000 EDC Assistance Grant to Hiep Nguyen for Boardwalk Plaza at 1909 North Beach Street. Mr. Nguyen gave a brief presentation and discussion was held regarding funding of the project, payout of the grant money, job creation of 60 full time employees, drainage, parking, impact fees, and tenant leasing at 60 percent. Project completion dates and the payout of grant money to begin in FY2018 was also discussed.

    EXECUTIVE SESSION

    The EDC adjourned into executive session under Sec. 551.071 to discuss item No. 5 at 7:08 p.m.

    RECONVENE INTO REGULAR SESSION

    The EDC reconvened into regular session at 7:14 p.m.

    Vice President Brown called for a motion. Board Member Watkins moved, seconded by Board Member Jury, to approve the $50,000 Assistance Grant to Hiep Nguyen for Boardwalk Plaza. The vote was unanimous. Motion carried.

  6. Development Agreement – Presentation, consideration and/or action regarding incentives and agreement with Anil Patel for sale and development of EDC owned properties. Assistant City Manager Rex Phelps stated that Mr. Patel informed staff prior to the meeting that he was unable to secure a hotel commitment for development of this property and would withdraw his project for consideration. No action taken.

ADJOURNMENT

Vice President Brown adjourned the meeting at 7:27 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary David Averitt, President

EDC August 17, 2017 Minutes page 2