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Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Economic Development Corporation Agenda status: Final
Meeting date/time: 11/7/2012 7:00 PM Minutes status: Draft  
Meeting location: City Hall
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
12-1188 1 Minutes for October 10, 2012.Agenda ItemConsider and take action regarding the minutes of the Sachse Economic Development Corporation regular meeting for October 10, 2012. Executive Summary Consider approval of the meeting minutes from the regular meeting of October 10, 2012.   Not available Not available
12-1189 1 Reports and presentations.Agenda ItemReports and presentations by the Sachse Economic Development Corporation President, Board Members and Executive Director regarding special events, announcements and activities. Executive Summary Sachse Economic Development Corporation President, Board Members and Executive Director provide verbal reports regarding special events, announcements and activities.   Not available Not available
12-1184 1 Budget ReportAgenda ItemConsider and take action on the Budget Report for October, 2012. Executive Summary Monthly budget account summaries are presented for the Board members to stay informed on budget to actual condition of revenues and expenses.   Not available Not available
12-1182 1 Broker/Dealers ListAgenda ItemConsider approval of the Authorized Broker/Dealers as approved by City of Sachse Resolution on October 1, 2012. Executive Summary Sachse is best served by Broker/Dealers that adhere to the spirit and philosophy of Sachse's Investment Policy and who avoid recommending or suggesting transactions outside that "Standard of Care". Evaluation criteria include: adherence to policies and strategies; competitive transaction pricing; responsiveness to requests for services and information; and understanding of the inherent fiduciary responsibility of investing public funds. The following firms are recommended: Cantor Fitzgerald - Primary Dealer Coastal Securities - Secondary Dealer Raymond James/Morgan Keegan - Secondary Dealer Rice Financial Products - Secondary Dealer UBS - Primary Dealer   Not available Not available
12-1183 1 Revised Investment Policy ResolutionAgenda ItemConsider approval of the Investment Policy as previously approved by City of Sachse Resolution. Executive Summary To ensure that the City's (and SEDC) Policy document is in conformance with the Public Funds Investment Act and policy and to provide a viable framework to utilize in structuring an effective investment policy it is required that the Investment Policy be reviewed and approved by City Council (and the SEDC) on an annual basis.   Not available Not available
12-1187 1 4th Quarter Budget and Investment ReportAgenda ItemConsider acceptance of the Quarterly Investment Report for the Quarter ending September 30, 2012. Executive Summary Cash on hand and available for investing at 9/30/2012 was $3,837,791. Investment earnings totaled $3,099.   Not available Not available
12-1199 1 Verdin PresentationAgenda ItemConsider and take action regarding Verdin presentation for a veteran's tower along President George Bush Turnpike. Executive Summary Consider a proposal for an entry marker for the City of Sachse.   Not available Not available
12-1190 1 SEDC real estate.Agenda ItemConsider and take action regarding Sachse Economic Development Corporation real estate at 5001 Ben Davis Road. Executive Summary The Sachse Economic Development Corporation owns approximately 6.5 acres at 5001 Ben Davis Road.   Not available Not available
12-1191 1 Entertainment and Recreation Master PlanAgenda ItemConsider and take action regarding Entertainment and Recreation master plan. Executive Summary The Board will discuss developments on the master plan.   Not available Not available
12-1192 1 Executive Session - Master PlanAgenda ItemConvene Executive Session pursuant to the provisions of Texas Government Code Section 551.087: Deliberation regarding economic development negotiations for an entertainment and recreation venue. Executive Summary To discuss or deliberate economic development negotiations for an entertainment and recreation venue.   Not available Not available
12-1193 1 Conven Open SessionAgenda ItemConvene Open Session and consider any action necessary as a result of Executive Session. Executive Summary The Board may take any action necessary as a result of Executive Session.   Not available Not available
12-1194 1 Executive Session - EvaluationAgenda ItemConvene Executive Session pursuant to the provisions of the Texas Government Code Section 551.074 relating to personnel matters: Discuss semiannual evaluation of Executive Director. Executive Summary To discuss in Executive Session the semiannual evaluation of Executive Director.   Not available Not available
12-1195 1 Convene Open SessionAgenda ItemConvene Open Session to consider and take action as a result of Executive Session. Executive Summary The Board may take any action from discussion of Executive Session.   Not available Not available
12-1196 1 Future agenda items.Agenda ItemFuture agenda items. Executive Summary The Board lists topics of discussion for future meetings.   Not available Not available