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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: 12/11/2013 6:30 PM Minutes status: Draft  
Meeting location: City Hall
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
13-1945 1 SEDC meeting minutes of November 13, 2013.Agenda ItemConsider and take action on the minutes of the Sachse Economic Development Corporation Meeting of November 13, 2013. Executive Summary Consider approval of the meeting minutes for November 13, 2013.   Not available Not available
13-1944 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 The Sachse Economic Development Corporation President, Board Members and Executive Director provide verbal reports regarding special events, announcements and activities.   Not available Not available
13-1934 1 EDC 4th Quarter 2013 Investment ReportAgenda ItemConsider acceptance of the Quarterly Investment Report for the Quarter ending September 30, 2013. Executive Summary Cash on hand and available for investing at 9/30/2013 was $4,009,806. Investment earnings totaled $2,088.   Not available Not available
13-1936 1 SEDC Budget ReportsAgenda ItemConsider receiving the Monthly Revenue and Expenditure Report for the period ending October 31, 2013 and the summary Budget Report for November 2013. Executive Summary The Sachse Economic Development Corporation Treasurer will prepare reports each month to update the Sachse Economic Development Corporation regarding revenues and expenditures.   Not available Not available
13-1941 1 Casa Morelos sign grant request.Agenda ItemDiscuss and consider action regarding a funding request for signage for Casa Morelos Restaurant in an amount not to exceed $5,691.06 to be located at 6310 Highway 78, Suite 110, Sachse, Texas. Executive Summary Casa Morelos Restaurant is requesting funds for a sign for a new restaurant at 6310 Highway 78, Sachse, Texas.   Not available Not available
13-1942 1 Convene Executive Session: Casa MorelosAgenda ItemThe Economic Development Corporation Board shall convene into Executive Session pursuant to the TEXAS GOVERNMENT CODE, Section § 551.087 (Economic Development) to deliberate on economic development incentives with the proprietor of Casa Morelos, Mr. Scott McKinney, for the property located at 6310 Highway 78, Suite 110, Sachse, Texas. Consider any action necessary as a result of executive session. Executive Summary To discuss or deliberate the offer of a financial or other incentive for a funding request for a project for Casa Morelos Restaurant.   Not available Not available
13-1949 1 2013 SEDC Exec. Director Recruitment Brochure.Agenda ItemDiscuss and consider the executive recruitment brochure for the recruitment of a new Executive Director of the Sachse Economic Development Corporation. Executive Summary The executive recruiter for the SEDC has interviewed all of the Board members individually and produced a draft recruitment brochure for the Board's review, input, and consideration. Once the brochure is finalized, it can be posted for potential applicants to see.   Not available Not available
13-1951 1 2013 SEDC Exec. Director Recruitment Brochure.Agenda ItemDiscuss and consider the Position Description for the Executive Director of the Sachse Economic Development Corporation. Executive Summary The Position Description for the SEDC Executive Director may be reviewed in connection to the current search for a new Executive Director. The purpose of this item is to provide the SEDC Board with the opportunity to modify the Position Description.   Not available Not available
13-1947 1 CD - SH78 ADV CMTE DISC EDCAgenda ItemDiscuss the State Highway 78 Plan and Advisory Committee roles in the process. Executive Summary City Council appointed a nine-member Advisory Committee to serve for the State Highway 78 Vision Plan. This Committee consists of three members each from City Council, Planning and Zoning Commission, and the Economic Development Corporation. This discussion item will cover the notable steps involved in the planning process.   Not available Not available
13-1935 1 EDC 2013 Investment Policy ReviewAgenda ItemConsider receiving the City of Sachse Investment Policy for FY 2014-2015, as amended by the City Council on October 6, 2014. Executive Summary To ensure that the City's (and SEDC) Investment Policy is in conformance with the Public Funds Investment Act (PFIA) 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 on an annual basis. It also requires acknowledgement by the Sachse Economic Development Corporation Board and the President George Bush Turnpike Reinvestment Zone TIF Board.   Not available Not available
13-1953 2 EDC: Agreement with GISD.Agenda ItemConsider a resolution of the Board of Directors of the Sachse Economic Development Corporation ("SEDC"), approving the terms and conditions of an agreement, by and between the Sachse Economic Development Corporation ("SEDC"), and the Garland Independent School District ("GISD") to support authorized projects for the purpose of retaining, expanding and attracting business. Executive Summary The GISD Board has approved an agreement with the SEDC for the purpose of providing $10,000 to be used for authorized projects intended to retain, expand and attract businesses for the purpose of diversifying the tax base. The purpose of this item is for the SEDC to authorize the agreement.   Not available Not available
13-1948 1 EDC - Economic Incentive Request Exec SessionAgenda ItemThe Economic Development Corporation Board shall convene into Executive Session pursuant to the TEXAS GOVERNMENT CODE, Section § 551.087 (Economic Development) to deliberate on economic development incentives with the Wal-Mart Real Estate Business Trust for property located northeast of the intersection of Murphy Road and Blackburn Road. Consider any action necessary as a result of executive session. Executive Summary Closed Executive Session as provided by State Law.   Not available Not available
13-1943 1 Consider EDC Board President and Vice President positions.Agenda ItemConsider and take action regarding Sachse Economic Development Corporation Board elections for President and Vice-President. Executive Summary The Executive Officers of the corporation shall be a President and a Vice-President all of whom shall be elected by and subject to the control of the Board of Directors.   Not available Not available
13-1946 1 Future agenda items.Agenda ItemDiscuss possible future agenda items.   Not available Not available