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Frisco Economic Development Corporation Regular Board Meeting

Regular Meeting

Frisco, TX · August 20, 2025

AgendaMinutes

Minutes

REGULAR MEETING OF FRISCO ECONOMIC DEVELOPMENT CORPORATION FRISCO EDC OFFICE THE BONNOT BOARDROOM 6605 WARREN PARKWAY, SUITE 600 FRISCO, TEXAS 75034 4:30 PM WEDNESDAY, AUGUST 20, 2025 MINUTES CALL TO ORDER Economic Development Corporation Chair Shanna Keaveny called the Board Meeting to order at 4:33 p.m., with a quorum of EDC Board Members present 1. Roll Call Chair Shanna Keaveny Present Secretary/Treasurer Jason Denton Present Board Member Gary Carley Present Board Member Michael Barber Present Board Member Mark Hill Present Board Member Kimberly Y. Evans Present Vice Chair Jason Dudley Absent Representing Staff: Jason Ford, EDC President; Gloria Salinas, EDC Senior Vice President; Chris Zillmer, City Attorney; Wes Pierson, City Manager; Rob Millar, Assistant City Manager; Department Directors; and other city staff members. CITIZEN INPUT There was no citizen input. Page 1 of 6 CONSENT AGENDA (Items placed on the Consent Agenda are considered routine in nature and are considered non-controversial. The Consent Agenda can be acted upon in one motion. Any Board member may request an item be removed for discussion and separate action. Board members may vote nay on any single item without comment and may submit written comments as part of the official record.) Board Member Gary Carley moved to pull Agenda Items #8 and #9. Board Member Michael Barber seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) Board Member Gary Carley moved to approve Agenda Items #4 - #7. Board Member Michael Barber seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) 4. Consider and act on the July 16, 2025, FEDC Work Session Meeting Minutes. 5. Consider and act on the July 16, 2025, FEDC Regular Board Meeting Minutes. 6. Consider and act on the August 12, 2025, FEDC Special-Called Meeting Minutes. 7. Consider and act on the July 2025 Financial Report. Board Member Michael Barber moved to approve Agenda Item #8. Board Member Mark Hill seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Page 2 of 6 Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) 8. Consider and act on an Electric Easement for the 4th Street Plaza Project by and between Oncor Electric Delivery Company, LLC. and the Frisco Economic Development Corporation. Board Member Kimberly Y. Evans moved to approve Agenda #8. Board Member Michael Barber seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) 9. Consider and act upon authorizing the City Manager to finalize and execute a Chapter 380 Agreement by and between the City of Frisco and the Frisco Economic Development Corporation related to the exchange of undivided interests in real property (CMO/AB). Board Member Kimberly Y. Evans moved to approve Agenda #9. Board Member Michael Barber seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) CLOSED SESSION Board Member Michael Barber moved to enter Closed Session at 4:43 p.m. Board Member Gary Carley seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) Page 3 of 6 2. Recess into Closed Session in compliance with Section 551.001 et. seq. Texas Government Code, to wit A. Section 551.087. Deliberation regarding commercial or financial information that the Board has received from a business prospect or to deliberate the offer of financial or other incentives to a business prospect. B. Section 551.072. To deliberate the purchase, exchange, lease or value of real property located: i. One or more parcels south of US 380, west of Dallas North Tollway, east of Legacy Drive, and north of PGA Parkway. ii. One or more parcels south of US 380, west of Preston Road, east of Dallas North Tollway, and north of Corinth Ln. iii. One or more parcels east of Dallas North Tollway, north of Stonebrook Parkway, west of 5th Street and south of Main Street. iv. One or more parcels east of Dallas North Tollway, north of Sam Rayburn Tollway, west of Parkwood Boulevard, and south of Gaylord Parkway. v. One or more parcels north of Sam Rayburn Tollway, south of US 380, east of Legacy Drive, and west of Preston Road. C. Section 551.074. Deliberation regarding the employment, evaluation, reassignment, and duties of the FEDC President. 3. Reconvene into Regular Session and take any action necessary as a result of the Closed Session. Board Member Michael Barber moved to reconvene into Regular Session at 6:25 p.m. Board Member Kimberly Y. Evans seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) CITIZEN INPUT (to begin at approximately at 6:00 p.m.) There was no citizen input. Page 4 of 6 REGULAR AGENDA 10. Discussion of potential date change for the upcoming scheduled FEDC Board Meetings in 2025 and 2026. Operations Supervisor Veronica Traupman briefed the Board on the upcoming scheduled FEDC Board Meeting dates in 2025 and 2026. She mentioned that the December 17, 2025, meeting will be the Board Annual Meeting. She noted the 2026 March Meeting falls on Spring Break and asked the Board if they would like to reschedule it. The Board agreed to move the March 2026 meeting date from March 18, 2026, to March 11, 2026. Discussion item only. No action taken at this meeting. Action may be taken at an upcoming Board Meeting. REPORTS 11. Financial updates and Compliance status reports. Director of Financial Services Minta Hovland provided a financial update and incentives compliance status for July 2025. 12. President's monthly updates. President Jason Ford provided an update on staffing, legislative, real estate projects, Firefly Park and upcoming Board meeting and events. 13. Business Expansion, Attraction and Retention activity and project updates. Economic Development Specialist Arianna Barksdale shared the overall updates to the Board. The current active prospects snapshot consists of 20 active prospects with 52% being innovation-related, 9 headquarters/corporate projects and 3 sports related with 9020 potential jobs with 1.4 million square feet of space needs. Jeremaih Anderson briefed the board on the UNT Sports Innovation Space and mentioned that the groundbreaking event will be held on September 3. 14. Promotional Marketing and Advertising updates. Marketing and Events Coordinator Kaitlin McFarlain presented the June Performance Summary. Page 5 of 6 Communications Specialist Kathrina McAfee presented the Communication Updates, including launch of the EDC e-newsletter, Wall Street Journal feature article on Frisco’s growth and a message map project. ADJOURN Board Member Michael Barber moved to adjourn at 7:10 p.m. Board Member Kimberly Y. Evans seconded the motion. Passed Vote: 6 - 0 For: Chair Shanna Keaveny, Secretary/Treasurer Jason Denton, Board Member Gary Carley, Board Member Michael Barber, Board Member Mark Hill, Board Member Kimberly Y. Evans Against: (None) Approved this ____day of _________, 2025 ATTEST: _________________________ Shanna Keaveny, Chair _________________________ Jason Denton, Secretary/Treasurer Please note these are preliminary results and are not official until approved at the next scheduled meeting. Approved/signed minutes are available at https://agenda.friscotexas.gov/OnBaseAgendaOnline/. Page 6 of 6

Agenda

MEETING OF THE FRISCO ECONOMIC DEVELOPMENT CORPORATION FRISCO EDC OFFICE THE BONNOT BOARDROOM 6605 WARREN PARKWAY, SUITE 600 FRISCO, TEXAS 75034 4:30 PM WEDNESDAY, AUGUST 20, 2025 AGENDA CALL TO ORDER 1. Roll Call CITIZEN INPUT CLOSED SESSION 2. Recess into Closed Session in compliance with Section 551.001 et. seq. Texas Government Code, to wit A. Section 551.087. Deliberation regarding commercial or financial information that the Board has received from a business prospect or to deliberate the offer of financial or other incentives to a business prospect. B. Section 551.072. To deliberate the purchase, exchange, lease or value of real property located: Page 1 of 4 i. One or more parcels south of US 380, west of Dallas North Tollway, east of Legacy Drive, and north of PGA Parkway. ii. One or more parcels south of US 380, west of Preston Road, east of Dallas North Tollway, and north of Corinth Ln. iii. One or more parcels east of Dallas North Tollway, north of Stonebrook Parkway, west of 5th Street and south of Main Street. iv. One or more parcels east of Dallas North Tollway, north of Sam Rayburn Tollway, west of Parkwood Boulevard, and south of Gaylord Parkway. v. One or more parcels north of Sam Rayburn Tollway, south of US 380, east of Legacy Drive, and west of Preston Road. C. Section 551.074. Deliberation regarding the employment, evaluation, reassignment, and duties of the FEDC President. 3. Reconvene into Regular Session and take any action necessary as a result of the Closed Session. CITIZEN INPUT (to begin at approximately at 6:00 p.m.) CONSENT AGENDA (Items placed on the Consent Agenda are considered routine in nature and are considered non-controversial. The Consent Agenda can be acted upon in one motion. Any Board member may request an item be removed for discussion and separate action. Board members may vote nay on any single item without comment and may submit written comments as part of the official record.) 4. Consider and act on the July 16, 2025, FEDC Work Session Meeting Minutes. 5. Consider and act on the July 16, 2025, FEDC Regular Board Meeting Minutes. 6. Consider and act on the August 12, 2025, FEDC Special-Called Meeting Minutes. 7. Consider and act on the July 2025 Financial Report. Page 2 of 4 8. Consider and act on an Electric Easement for the 4th Street Plaza Project by and between Oncor Electric Delivery Company, LLC. and the Frisco Economic Development Corporation. 9. Consider and act upon authorizing the City Manager to finalize and execute a Chapter 380 Agreement by and between the City of Frisco and the Frisco Economic Development Corporation related to the exchange of undivided interests in real property (CMO/AB). REGULAR AGENDA 10. Discussion of potential date change for the upcoming scheduled FEDC Board Meetings in 2025 and 2026. REPORTS 11. Financial updates and Compliance status reports. 12. President's monthly updates. 13. Business Expansion, Attraction and Retention activity and project updates. 14. Promotional Marketing and Advertising updates. ADJOURN CERTIFICATION Jason Ford, FEDC President, certifies that this Notice of Meeting was posted on the outside bulletin board, at the George A. Purefoy Municipal Center of the City of Frisco, Texas, 6101 Frisco Square Blvd., Frisco, 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: By Thursday, August 14, 2025, at 4:30 p.m. and remained so posted at least 72 hours before meeting was convened. If during the course of the meeting covered by this notice, the Board of Directors should determine that a closed or executive meeting or session of the Board of Directors or a consultation with the attorney for the FEDC should be held or is required, then such closed or executive meeting or session or consultation with attorney as authorized by the Texas Open Meetings Act, Texas Government Code § 551.001 et. seq., will be held by the Board of Directors at the date, hour and place given in this notice as the Board of Directors may conveniently meet in such closed or executive meeting or session or consult with the attorney for the FEDC concerning any and all subjects and for any and all purposes permitted by the Act, including, but not limited to, the following sanctions and purposes: Page 3 of 4 Texas Government Code Section: § 551.071 – Consultation with the attorney for the FEDC. § 551.072 – Discussion regarding purchase, exchange, lease or value of real property. § 551.074 – Discussion regarding personnel matters or to hear complaints against personnel. § 551.087 – Discussion regarding commercial or financial information that the Board has received from a business prospect or to deliberate the offer of a financial or other incentives to a business prospect. NOTICE Pursuant to City of Frisco Ordinance Number 19-10-87 each member of the public wishing to address the Frisco Economic Development Corporation shall be entitled to speak for up to five (5) minutes, unless ten (10) or more members of the public are present to speak on a single agenda item, in which case the Frisco Economic Development Corporation may by majority vote reduce the allotted time from five (5) minutes to three (3) minutes per speaker to ensure that as many people as possible have an opportunity to speak, subject to the requirements of other law. NOTICE OF ASSISTANCE AT PUBLIC MEETINGS The Frisco EDC Office is wheelchair accessible. Access to the building and special parking are available in the parking garage behind the gate, and on every parking level. The garage entrance is located on the west side of the building off Internet Blvd. You will need to pull a ticket for garage access; please take your ticket with you and request a parking validation sticker to exit the garage. Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers, or large print, are requested to contact the City Secretary’s Office at least 48-hours prior to the meeting. Please e-mail your request to: CitySec@friscotexas.gov or call (972) 292-5020. BRAILLE IS NOT AVAILABLE. Date Removed: _____________________________ Removed By: ______________________________ Page 4 of 4

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