City of
HALTOM CITY

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

February 20, 2019 EDC Minutes

Wednesday, February 20 2019
6:00 p.m.
City Hall (Pre-Council Room) - 5024 Broadway Ave. | Haltom City, TX 76117
Information: 817-222-7773

MINUTES

BOARD OF DIRECTORS

REGULAR MEETING

HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION

A Regular Meeting was held bya the Board of Directors of the Economic Development Corporation (EDC) on Wednesday, February 20, 2019, 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, Don Jury, Daren Hudson, and Troy Dunn. Staff Members present: EDC Executive Director Keith Lane, Assistant City Manager Rex Phelps, Finance Director Jennifer Fung, City Secretary Art Camacho, and City Attorney Wayne Olson. Trent Petty, of Petty and Associates, was also present.

CALL TO ORDER

President Brown called the meeting to order at 6:00 p.m. in the Pre-Council Room.

    • EDC Minutes – Consideration and/or action to approve the Minutes of the January 10, 2019 Regular Meeting. Board Member Watkins moved, seconded by Board Member Blocker to approve the Minutes of the January 10, 2019 Regular Meeting. The vote was unanimous. Motion carried.

    • Finance Report – Discussion of the monthly Finance Report. Finance Director Jennifer Fung presented the Finance Report. No action was taken.

President Brown called for an Executive Session at 6:02 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, dissolution/restructuring of the Haltom City Economic Development Corporation, Chapter 380 development agreement with Haltom Hospitality, LLC, and litigation, settlement offers and/or claims including Flynn v. Haltom City.

Section 551.072 – Real Property. Deliberation regarding the purchase, exchange, lease or value of real property owned by the Economic Development Corporation.

RECONVENE INTO REGULAR SESSION

The EDC Board went back into Regular Session at 6:58 p.m. regarding the following:

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Consideration and/or action regarding the sale and/or projects related to the development of EDC properties, including 5101 Springlake Parkway and 5100 Haltom Road.

No action was taken.

ADJOURNMENT

President Brown adjourned the meeting at 6:59 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary Ricky Brown, President