Type A EDC Meeting

MINUTES TYPE A ECONOMIC DEVELOPMENT REGULAR SESSION AUGUST 09, 2021 7:15 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 August 09, 2021. This meeting is subject to the open meeting laws of the State of Texas. https://us02web.zoom.us/j/87287769963?pwd=KzRkWU96dE0yOFZDOEkxTmdZbEJPdz09 Meeting ID: 872 8776 9963 Passcode: 425172 or dial 346/248-7799. A member of the public who would like to submit a question on any item listed on this agenda may 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. Board Members Present: David Morgan, Place 1; Shelly Anderson, Place 2; Johnny Waldrip, Place 3; Daron Beck, Place 5, and Angela Nichols, Place 6 Board Members Absent: Linda Childers, Place 4 City Staff Present: Mike Peacock, City Manager, and Alice Holloway, City Secretary A. Call to Order and announce a quorum present. Director Beck announced a quorum and called the meeting to order at 6:38 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 July 12, 2021. Director Anderson moved to approve the meeting minutes of July 12, 2021. Director Morgan seconded the motion. The motion passed unanimously. D. Review YTD Financial Statements as of July 2021. The corporation reviewed the YTD Financial Statements ending June 2021. City Manager Peacock stated that a $198,000 debt payment would be made this month. E. Discuss, consider, and give direction regarding a request for expenditure in the amount of $100,000 to help fund the construction of a 16” Main Street Water Line Project. After discussion, the board gave staff direction to add to the FY 21-22 Proposed Budget an item of expenditure for $100,000 to help fund a 16" Main Street Water Line Project. F. Discuss, consider, and possible action on the payment received in the amount of $798,000 from the sale of the property located in Joshua Station Blvd. Director Morgan moved to deposit in the bank the funds from the payment received in the amount of $798,000 from the sale of the property located in Joshua Station Blvd. and not pay toward bond. Director Waldrip seconded the motion. The motion passed unanimously. G. Discuss, consider, and possible action on the FY 2021-2022 Proposed Budget. Director Beck stated that the previous month, the City Manager proposed a salary for the ED Coordinator of $70,000. City Manager Peacock noted that the salary would be $70,000 plus benefits. Director Morgan moved to approve the FY-2021-2022 Proposed Budget with the following changes:  JCSUD $100,000  380 Agreement $30,000  ED Coordinator $45,000 (shared with Type B - $90,000 total includes benefits) Director Anderson seconded the motion. The motion passed unanimously. H. Discuss, consider, and possible action on approving an expenditure in the amount of up to $10,000 for surveying and engineering cost regarding drainage improvements along Vetch Street and potentially along East 12th Street. Director Walden moved to approve an expenditure in the amount of up to $18,500 for surveying and engineering costs regarding drainage improvements along Vetch Street and potentially along East 12 th Street. Director Morgan seconded the motion. The motion passed unanimously. I. FUTURE AGENDA ITEMS/REQUESTS BY DIRECTORS TO BE ON THE 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.) J. Adjourn Director Beck adjourned the meeting at 7:27 pm. ____________________________ Daron Beck, Type A _____________________________ Alice Holloway, TRMC City Secretary Approved: September 13, 2021