Economic Development Corporation

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 THURSDAY, JANUARY 5, 2017 IN CITY HALL OF CHANDLER, TEXAS AT 6:00PM AGENDA A. CALL TO ORDER 05:59:38 PM (00:00:02) B. INVOCATION C. ROLL CALL AND ANNOUNCE IF A QUORUM IS PRESENT Council Member - Janeice Lunsford: Present Board Member - Galen Morrison: Present Board Member - Bill Bass: Present Board Chair - Ann Hall: Present Board Member - Jeff Wood: Absent Board Member - John Camper: Present Board Member - Gene Giger: 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 funds from the Economic Development Corporation to Chandler TX Hospitality, LLC in the amount of $200,000 toward the construction of hotel as outlined in the Hotel & Convention Services Agreement.  Motion was made to authorize funds from the Economic Development Corporation to Chandler TX Hospitality, LLC in the amount of $200,000 toward the construction of a hotel and approve the Hotel & Convention Services Agreement. Board Member - John Camper: Motion Board Member - Galen Morrison: 2nd Council Member - Janeice Lunsford: Approve Board Member - Galen Morrison: Approve Board Member - Bill Bass: Approve Board Chair - Ann Hall: Approve Board Member - Jeff Wood: Absent Board Member - John Camper: Approve  Board Member - Gene Giger: Approve 2. Consider and act on authorizing funds from the Economic Development Corporation to the City of Chandler to off-set Bond payments for Sawmill Road not to exceed $100,000 over a period not to exceed five years.  Motion was made to authorize funds from the Economic Development Corporation to the City of Chandler to off-set Bond payments for Sawmill Road not to exceed $100,000 over a period not to exceed five years. As outlined in the Project Agreement. Board Member - Galen Morrison: Motion Board Member - Gene Giger: 2nd Council Member - Janeice Lunsford: Approve Board Member - Galen Morrison: Approve Board Member - Bill Bass: Approve Board Chair - Ann Hall: Approve Board Member - Jeff Wood: Absent Board Member - John Camper: Approve Board Member - Gene Giger: Approve 3. Consider and act on Resolution R-010517 approving execution of a Project Agreement in connection with a project of the Corporation and the issuance of city of Chandler Certificates of Obligation and resolving other matters related hereto.   Motion was made to approve Resolution R-010517 approving execution of a Project Agreement in connection with a project of the Corporation and the issuance of City of Chandler Certificates of Obligation resolving other matters related hereto and authorizing Jim Moffeit to execute the agreement after February 21, 2017, if a valid petition is not filed. Council Member - Janeice Lunsford: Motion Board Member - John Camper: 2nd Council Member - Janeice Lunsford: Approve Board Member - Galen Morrison: Approve Board Member - Bill Bass: Approve Board Chair - Ann Hall: Approve Board Member - Jeff Wood: Absent Board Member - John Camper: Approve Board Member - Gene Giger: Approve G. ADJOURNMENT 06:13:08 PM (00:13:33) 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: December 28, 2016, at 4:00pm and remained so posted at least 2 hours before said meeting was convened. _______________________________ ________________________________ Shirley Parmer, Board Secretary Ann Hall, Chairman