Type A EDC Meeting

MINUTES TYPE A ECONOMIC DEVELOPMENT CORPORATION BOARD REGULAR SESSION TUESDAY, SEPTEMBER 17, 2019 6:00 P.M. Members Present: John Mauldin, Place 3; Jeff Jones, Place 2; Linda Childers, Place 4; and Gary Miller, Place 6 Members Absent: Daron Beck, Chairman; David Morgan, Place 1; and Richard Vandergriff, Place 7 City Staff Present: Joshua Jones, City Manager; and Lisa Dawn Cabrera, City Secretary A. CALL TO ORDER AND ANNOUNCE A QUORUM IS PRESENT Vice-Chairman Mauldin called the meeting to order at 6:08 pm. B. CONSENT AGENDA 1. Approval of minutes from Type A EDC Board meeting dated August 12, 2019 Board Member Childers made a motion to approve the minutes as presented, seconded by Board Member Miller. Motion passed without objection. C. GENERAL ACTION ITEMS 1. Review Financial Statements for August 2019 A discussion was held among the members of the Board and City Staff concerning the sales tax revenue, the median break feasibility study, and the year-end report. No action was taken on the Financial Statements. 2. Discuss, review and consider approval of the FY 2019-2020 Operating Budget A discussion was held among the members of the Board and City Staff regarding this budget being the same as the preliminary budget, TIF payments, downtown revitalization plan, the upcoming bond election and street improvements, and the property that the Type A owns across the street from City Hall.  Board Member Childers made a motion to approve the FY 2019-2020 Operating Budget, seconded by Board Member Jones. Motion passed without opposition. D. FUTURE AGENDA ITEMS OR REPORTS No items or reports were communicated to Staff. E. ADJOURN Vice-Chairman Mauldin adjourned the Type A EDC meeting at 6:26 pm. ____________________________ Daron Beck, Type A Chairman _____________________________ Alice Holloway, TRMC City Secretary