Economic Development Corporation
Regular MeetingChandler, TX · February 9, 2016
Minutes
Chandler Area
Economic Development Corp.
POST OFFICE BOX 425
CHANDLER, TEXAS 75758
TELEPHONE (903) 849-6853
FAX (903) 849-4663
February 9, 2016
The Chandler Area Economic Development Corporation met for a regular scheduled meeting on Tuesday, February
9, 2016 at Chandler City Hall. Chairman Ann Hall called the meeting to order at 4:30pm
Members Present: Galen Morrison
Gene Giger
John Camper
Janeice Lunsford
Ann Hall
Jeff Wood
Absent: Bill Bass
F. REGULAR SESSION:
1. John Camper made a motion to authorize the EDC to approve the Preliminary Feasibility Study and the
Preliminary Finance Plan for the Chandler TIF #1 including the approval for the EDC to guarantee
annual bond payments, which will result in EDC expenses of $35,000 to 75,000 over 2 to 5 years.
Gene Giger seconded the motion. Motion carried unanimously.
2. Janeice Lunsford made a motion to Table authorizing John Taylor, on the part of the city, and Jim
Moffeit, on the part of the EDC, to enter into a letter of agreement with Mr. Luster Kidd on the
development of Sawmill Road through his property and his donation of right-of-way and easements to
the city and a minimum of a 2-acre development site to the EDC. Galen Morrison seconded the motion.
Motion carried unanimously.
3. Jeff Wood made a motion to authorize John Taylor, on the part of the city, and Jim Moffeit, on the part
of the EDC, to enter into negotiations with GK Reddy, Reddy Hotel Inc., regarding incentives offered
by EDC and the City for the construction of a hotel. John Camper seconded the motion. Motion carried
unanimously.
Meeting adjourned the meeting at 4:55pm
__________________________________ ____________________________
Ann Hall, Chairman Shirley Parmer, Secretary
Agenda
POST OFFICE BOX 425
CHANDLER, TEXAS 75758
TELEPHONE (903) 849-6853
FAX (903) 849-4663
THE CHANDLER AREA ECONOMIC DEVELOPMENT CORP. WILL MEET FOR A SPECIAL
SCHEDULED MEETING ON TUESDAY, FEBRUARY 9, 2016 IN CITY HALL OF CHANDLER, TEXAS
AT 4:30PM
AGENDA
A. CALL TO ORDER
B. INVOCATION
C. ROLL CALL AND ANNOUNCE IF A QUORUM IS PRESENT
D. AGENDA CHANGES
E. VISITORS/CITIZENS FORUM: The Public may comment on any matter or concern upon which the
Board may take action on, if necessary at a subsequent meeting. Comments will be limited to the
first five to sign up; each will be allowed 3 minutes. No formal action or discussion will be taken
at this time.
F. REGULAR SESSION: Subjects to be discussed or upon which any formal action may be taken are
as follows:
1. Consider and act on authorizing the EDC to approve the Preliminary Feasibility Study and the
Preliminary Finance Plan for the Chandler TIF #1 including the approval for the EDC to guarantee
annual bond payments, which will result in EDC expenses of $35,000 to $75,000 over 2 to 5 years.
2. Consider and act on authorizing John Taylor, on the part of the city, and Jim Moffeit, on the part of
the EDC, to enter into a letter of agreement with Mr. Luster Kidd on the development of Sawmill
Road through his property and his donation of right-of-way and easements to the city and a
minimum of a 2-acre development site to the EDC.
3. Consider and act on authorizing John Taylor, on the part of the city, and Jim Moffeit, on the part of
the EDC, to enter into negotiations with GK Reddy, Reddy Hotel Inc., regarding incentives offered
by EDC and the City for the construction of a hotel.
G. ADJOURNMENT
INDIVIDUALS WITH DISABILITES WHO REQUIRE SERVICES OR
ASSISTANCE SHOULD CONTACT CITY HALL AT 903-849-6853 AT LEAST
48 HOURS PRIOR TO THE MEETING.
I, the undersigned authority, do, hereby, certify that this Notice of Meeting was posted on the bulletin
board, at the City Hall of the City of Chandler, Texas, a place convenient and readily accessible to the
general public at all times, and said notice was posted on the following date and time:
February 5, 2016, at 4:00pm and remained so posted at least 2 hours before said meeting was
convened.
_______________________________
Shirley Parmer, Board Secretary
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