City of
HALTOM CITY

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

November 15, 2018 EDC Minutes

November 15, 2018
6:00 p.m.
City Hall - 5024 Broadway Ave. | Haltom City, TX 76117

MINUTES

BOARD OF DIRECTORS

REGULAR MEETING

HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION

A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, November 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, Walter Grow, Daren Hudson, Don Jury and Wesley Hart. Staff Members present: EDC Executive Director Keith Lane, Assistant City Manager Rex Phelps, Finance Director Jennifer Fung, City Secretary Art Camacho, Planning and Community Development Director Glenna Batchelor and City Attorney Wayne Olson.

CALL TO ORDER

President Brown called the meeting to order at 6:00 p.m. in the Pre-Council Room. City Attorney Wayne Olson noted that a Council quorum was present with the presence of Council Members Linda Thompson and Jeannine Nunn, but will be non-active participants in the meeting.

  1. EDC Minutes – Consideration and/or action to approve the Minutes of the October 18, 2018 Regular Meeting and the October 30, 2018 Special Meeting. Board Member Watkins moved, seconded by Board Member Jury to approve the Minutes of the October 18, 2018 Regular Meeting and the October 30, 2018 Special Meeting. The vote was unanimous. Motion carried.

  2. Finance Report – Discussion of the monthly Finance Report. Finance Director Jennifer Fung presented the Finance Report. A discussion was held regarding the year end data and the final determination by the auditors and the CAFR. No action was taken.

  3. Economic Development Assistance Grant - Conduct a public hearing and consider action on awarding an Economic Development Assistance Grant to Purple Dog Holdings, LLC (d.b.a. Yesterday's Express Car Wash) for property located at 5410 North Beach. Planning and Community Development Director Glenna Batchelor provided the grant information and property owner Ryan Redus also provided additional information that included site plans, operation procedures, and projected sales. A discussion was held regarding location, technology, water usage, reclaimed water, business projection and grant committee recommendation. President Brown requested this item be discussed in Executive Session.

  4. Commercial Marketing Firm – Consideration and/or action to select a commercial brokerage firm for the marketing of EDC properties. Assistant City Manager Rex Phelps introduced the two following marketing firms:

    1. Range Realty Advisors – Chris Burrow made a presentation regarding their experience in marketing and Dillon Cook presented their current property being marketed and their company objectives.

    2. Northern Realty – Zach Penn presented their marketing strategy, current properties they are marketing, and their list of customers and projects.

President Brown called for an Executive Session at 7:00 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, Chapter 380 development agreement 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

Take any action necessary pursuant to executive session, including consideration and/or action regarding projects related to the development of EDC properties. The EDC Board went back into Regular Session at 7:52 p.m. and took action on the following:

  1. Board Member Grow moved, seconded by Board Member Watkins, to table Item # 3 – EDC Grant to Purple Dog Holdings until the next meeting. The vote was unanimous. Motion carried.

  2. Board Member Jury moved, seconded by Board Member Watkins, to select Northern Realty as the agent for the marketing of EDC properties. The vote was unanimous. Motion carried.

ADJOURNMENT

President Brown adjourned the meeting at 7:53 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary Ricky Brown, President