Type A EDC Meeting

MINUTES TYPE A ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING SEPTEMBER 14, 2020 6:30 P.M. The Joshua Type A Economic Development Corporation will hold a Regular Meeting in the Council Chambers at the Joshua City Hall, located at 101 S. Main St., Joshua, Texas on September 14, 2020. This meeting is subject to the open meeting laws of the State of Texas. City facilities are closed to the public in response to a health emergency specifically Coronavirus Disease (COVID-19). This meeting is available via live stream. Join Zoom Meeting: https://us02web.zoom.us/j/86321112854?pwd=NnQyTHdtSVEyQkNoOC9kU294OXFFQT09 Meeting ID: 863 2111 2854 Passcode: 610252 or Dial 1-346-248-7799 A member of the public who would like to submit a question on any item listed on this agenda my do so via the following options: • Online: An online speaker card may be found on the city’s website (cityofjoshuatx.us) on the Agenda/Minutes/Recordings page. Speaker cards received will be read during the meeting in the order received by the City Secretary. • By phone: Please call 817/558-7447 ext. 2003 and provide your name, address, and question. Your question will be read by the City Secretary in the order they are received Type A EDC Members Present: David Morgan, Place 1; Shelly Anderson, Place 2; Melissa Frazier, Place 3; and Linda Childers, Place 4. Type A EDC Members Absent: Daron Beck, Chairman; Place 2 City Staff Present: Joshua Jones, City Manager; and Alice Holloway, City Secretary A. Call to Order and announce a quorum present. Shelly Anderson announced a quorum present and called the meeting or order at 6:47 pm. B. Citizens Forum The Economic Development Corporation invites citizens to speak on any topic. However, unless the item is specifically noted on this agenda, the Economic Development Corporation is required under the Texas Open Meetings Act to limit its response to responding with a statement of specific factual information, reciting the City’s existing policy, or directing the person making the inquiry to visit with City Staff about the issue. No Corporation deliberation is permitted. Each person will have 3 minutes to speak. NA C. Discuss, consider, and take action on approval of meeting minutes from August 20, 2020. Linda Childers moved to approve the meeting minutes of August 20, 2020. David Morgan seconded the motion. The motion passed unanimously. D. Review YTD Financial Statements as of August 31, 2020. The corporation reviewed the YTD Financial Statements ending August 31, 2020. David Morgan asked if there were any major changes since the last report. City Manager Jones stated that there were no major changes over the last couple of months that they were not aware of. E. Discuss, consider, and take action on the FY 2019-2020 Budget Amendment. The following items were discussed: • Revenues • Expenditures • Debt Services • Fund Balances City Manager Jones stated that the revenue is 5% above budget. In addition, he stated that the corporation will end with around $300,000 in fund balances. Melissa Frazier moved to approve the FY 2019-2020 Budget Amendment. Linda Childers seconded the motion. The motion passed unanimously. F. Discuss, consider, and take action on the FY 2020-2021 Proposed Budget. David Morgan moved to approve the FY 2020-2021 Proposed Budget. Melissa Frazier seconded the motion. The motion passed unanimously. G. FUTURE AGENDA ITEMS/REQUESTS BY DIRECTORS TO BE ON NEXT AGENDA (Directors shall not comment upon, deliberate, or discuss any item that is not on the agenda. Directors shall not make routine inquiries about operations or project status on an item that is not posted. Any Director may, however, state an issue and a request that this issue be placed on a future agenda.) NA H. Adjourn The meeting was adjourned at 7:11 pm. ____________________________ Daron Beck, Type A Chairman _____________________________ Alice Holloway, TRMC City Secretary Approved: October 12, 2020