Community Development Corporation

MEETING OF THE FRISCO COMMUNITY DEVELOPMENT CORPORATION BOARD OF DIRECTORS GEORGE A. PUREFOY MUNICIPAL CENTER CONFERENCE ROOM 3A 6101 FRISCO SQUARE BLVD. FRISCO, TEXAS 75034 6:00 PM THURSDAY, JULY 18, 2019 MINUTES CALL TO ORDER President Wren Ovard called the meeting to order at 6:00 P.M. Board of Directors present included President Wren Ovard, Vice President Mike Barber, Secretary/Treasurer Karen Cunningham, Director Chad Brubaker, Director JP Hogan, Director Ed Szczebak and Director Ed Mahoney. City staff present included Deputy City Manager Henry Hill, Assistant City Manager Nell Lange, Assistant City Manager Ben Brezina, Assistant Parks and Recreation Director Rick Wieland, Arts & Special Events Manager Bret Gaither, Assistant Finance Director Kim Sinclair, Assistant Controller – Component Units Derrick Cotten, and Assistant to the City Manager Rustin Stewart. Secretary/Treasurer Karen Cunningham made the motion to recess into closed session. Director JP Hogan seconded the motion, and the motion was unanimously approved 6-0. The meeting recessed into closed session at 6:01 P.M CLOSED SESSION 1. Recess into Closed Session in compliance with Section 551.001 et. seq. Texas Government Code, to wit A. Section 551.072. To deliberate the purchase, exchange, lease or value of real property located: i. South of US 380, East of Dallas North Tollway, West of Preston, and North of Eldorado Parkway. B. Section 551.087. Deliberation regarding commercial or financial information that the City has received from a business prospect and to deliberate the offer or other incentives to a business prospect. 2. Reconvene into Regular Session and take any action necessary as a result of the Closed Session. Director JP Hogan made the motion to reconvene into regular session. Vice President Mike Barber seconded the motion, and the motion was unanimously approved 6-0. The meeting reconvened into regular session at 6:05 P.M. REPORTS 3. Parks and Recreation Monthly Report. Assistant Parks and Recreation Director Rick Wieland provided the June Monthly Report for Parks and Recreation. Mr. Wieland advised July is Parks and Recreation Month. Staff would be holding events every day for Parks and Recreation Month. Mr. Wieland advised the Grove is progressing and on time for completion. Assistant City Manager Ben Brezina advised Northwest Trail grading would be starting soon as part of the PGA project. Deputy Director Henry Hill advised $500,000 had been left over from the Superdrome project and maybe used to offset cost of trail. Director Ed Mahoney asked about future of pump track. Mr. Wieland advised staff is looking at potential locations in existing parks for location of a future pump track. 4. Financial and Budgetary update. Assistant Controller – Component Units Derrick Cotten presented an overview of monthly sales tax collections for May 2019 and reviewed monthly expenditures for June 2019. CITIZEN INPUT REGULAR AGENDA 5. Consider and act upon approval of the Minutes of the June 20, 2019 Regular Meeting of the Board. Vice President Mike Barber motioned to approve the Minutes of the June 20, 2019 Regular Meeting. Director Chad Brubaker seconded the motion, and the motion was unanimously approved 6-0. 6. Consider and Act upon approval of the Fiscal Year 2019-2020 Frisco Community Development Corporation Annual Budget. Assistant Finance Director Kim Sinclair advised updates to the 2019-2020 Frisco Community Development Corporation Annual Budget from June’s presentation. Ms. Sinclair advised legal fees associated to Exide property had been increased. Ms. Sinclair advised sales tax revenues are still being reviewed and the budget maybe brought back for reapproval. Director Ed Mahoney motioned to approve the Fiscal Year 2019-2020 Frisco Community Development Corporation Annual Budget. Director JP Hogan seconded the motion, and the motion was unanimously approved 6-0. 7. Discussion regarding future agenda items. Vice President Mike Barber asked if a tour of Fire Station #9 had been scheduled. Deputy City Manager Henry Hill advised a grand opening would be held in September. Secretary/Treasurer Karen Cunningham asked if a bus tour could be setup to tour City Facilities. Ms. Cunningham advised a bus tour would be good in October when new members are appointed. Assistant to the City Manager Rustin Stewart advised applications are due July 31, 2019 for Board Appointments. Director JP Hogan advised he would not be reapplying to Board.  ADJOURN Vice President Mike Barber made the motion to adjourn. Secretary/Treasurer Karen Cunningham seconded the motion, and the motion was unanimously approved 6-0. The meeting was adjourned at 6:25 P.M. ATTEST TO: ________________________________ Wren Ovard, President Please note that this is an Action Summary of the meeting and that the minutes of the meeting are not official until approved by the Frisco Community Development Corporation Board of Directors at their next scheduled meeting. Approved meeting minutes are available at https://agenda.friscotexas.gov/OnBaseAgendaOnline/.