Community Development Corporation

MEETING OF THE FRISCO COMMUNITY DEVELOPMENT CORPORATION BOARD OF DIRECTORS SCI-TECH DISCOVERY CENTER 8004 DALLAS PKWY SUITE 100 FRISCO, TEXAS 75034 6:00 PM THURSDAY, AUGUST 15, 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 Ed Szczebak and Director Ed Mahoney. Directors absent included Director JP Hogan. City staff present included City Manager George Purefoy, Deputy City Manager Henry Hill, Assistant City Manager Nell Lange, Assistant City Manager Ben Brezina, Parks and Recreation Director Shannon Kelleher, Arts & Special Events Manager Bret Gaither, Discovery Center Supervisor Paige Prater, Assistant Controller – Component Units Derrick Cotten, and Assistant to the City Manager Rustin Stewart. Other present included Sci-Tech Discovery Center Board President Brian Reinhardt, Sci-Tech Executive Director Janet Madrazo, Sci-Tech Employee Rob Gilmore, and Frisco Residents Ed Mayer and Dillion Kinsell. Secretary/Treasurer Karen Cunningham made the motion to recess into closed session. Vice President Mike Barber seconded the motion, and the motion was unanimously approved 5-0. The meeting recessed into closed session at 6:01 P.M CLOSED SESSION Page 1 of 5 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. Secretary/Treasurer Karen Cunningham made the motion to reconvene into regular session. Vice President Mike Barber seconded the motion, and the motion was unanimously approved 5-0. The meeting reconvened into regular session at 6:38 P.M. REPORTS 3. Parks and Recreation Monthly Report. Director of Parks and Recreation Shannon Kelleher advised updates from the July Parks and Recreation report. 4. Financial and Budgetary update. Assistant Controller – Component Units Derrick Cotten presented an overview of monthly sales tax collections for June 2019 and reviewed monthly expenditures for July 2019. CITIZEN INPUT Frisco resident Dillion Kinsell introduced himself. Mr. Kinsell advised the Board he was a new resident of Frisco and looking to get involved with the City. REGULAR AGENDA 5. Consider and act upon approval of the Minutes of the July 18, 2019 Regular Meeting of the Board. Page 2 of 5  Director Ed Mahoney motioned to approve the Minutes of the July 18, 2019 Regular Meeting. Vice President Mike Barber seconded the motion, and the motion was unanimously approved 5-0. 6. Consider and act upon First Amendment to that certain Master Development Agreement by and between the City of Frisco, Texas, Frisco Economic Development Corporation, Frisco Community Development Corporation and the University of North Texas dated May 1, 2018. Assistant to the City Manager Rustin Stewart advised the business points of the amendment to the University of North Texas Master Development Agreement. Director Chad Brubaker motioned to approve a First Amendment to that certain Master Development Agreement by and between the City of Frisco, Texas, Frisco Economic Development Corporation, Frisco Community Development Corporation and the University of North Texas dated May 1, 2018. Director Ed Mahoney seconded the motion, and the motion was unanimously approved 5-0. 7. Consider and act upon approval of Purchase Order to Barbizon Lighting Company for electrical lighting upgrades to Frisco Discovery Center Special Events Room #2. Discovery Center Supervisor Paige Prater advised this item included upgrades to Special Event Room #2. Upgrades include installation of a lighting grid rehearsals and special events. Vice President Mike Barber motioned to approve a Purchase Order to Barbizon Lighting Company for electrical lighting upgrades to Frisco Discovery Center Special Events Room #2. Secretary/Treasurer Karen Cunningham seconded the motion, and the motion was unanimously approved 5-0. 8. Consider and act upon the Ratification of the Fiscal Year 2019-2020 Budget for the Frisco Community Development Corporation. Assistant Controller – Component Units Derrick Cotton advised changes to debt amount in the budget were made after approval by the Board in July. Vice President Mike Barber motioned to ratify the Fiscal Year 2019-2020 Budget for the Frisco Community Development Corporation. Secretary/Treasurer Karen Cunningham seconded the motion, and the motion was unanimously approved 5-0. 9. Sci-Tech Discovery Center Update. Page 3 of 5  Sci-Tech Discovery Center Executive Director Janet Madrazo provided an update on attendance increases and needs of Sci-Tech Discovery Center. Ms. Madrazo advised the main area of Sci-Tech Discovery Center had received negative feedback about appearance. Ms. Madrazo added the facility is need of upgrades to paint, flooring, and electrical. The cost for these upgrades is estimated at $80,000. Ms. Madrazo advised the MakerSpace has not officially opened and she is unsure how to make this space profitable. She advised the Board Sci-Tech would like to restructure the current payment option for the MakerSpace. Ms. Madrazo asked to change to monthly payments instead of annual payment to repay the Board for building the MakerSpace. Director Ed Mahoney asked Ms. Madrozo how much Sci-Tech is needing. Ms. Madrozo advised they need $80,000. Director Mahoney asked if this could be rolled into repayment for the MakerSpace. Ms. Madrazo asked this amount not to be repaid but be a onetime grant. Vice President Mike Barber advised he understands the payment option. He would like more input from staff to see if there are any cost savings on upgrades. Secretary/Treasurer Karen Cunningham asked how the payment option for the MakerSpace effects the lease agreement. Assistant to the City Manager Rustin Stewart advised the lease would need to be extended if the monthly payment is $695. Director Ed Szczebak asked Ms. Madrazo what the maximum attendance is for the Sci-Tech facility in the future. Ms. Madrazo advised she is not sure the maximum amount but attendance through the year is staggered. Director Chad Brubaker asked to show how operations can cover future expenditures regarding maintenance of the facility. Director Brubaker added maintenance of the building could be compounded as the building ages. Sci-Tech Discovery Center Board President Brian Reinhardt advised Sci-Tech plans to market all aspects of the MakerSpace to assist with increased revenue. Sci-Tech employee Rob Gilmore advised Sci-Tech is looking to increase membership fees to include use of the MakerSpace. Mr. Gilmore also mentioned they plan to open the MakerSpace sometime in October. 10. Discussion regarding future agenda items. Vice President Mike Barber asked to revisit Sci-Tech’s proposal at the September meeting of the Board. Page 4 of 5  ADJOURN Vice President Mike Barber made the motion to adjourn. Director Ed Szczebak seconded the motion, and the motion was unanimously approved 5-0. The meeting was adjourned at 7:22 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/. Page 5 of 5