Type B Economic Development Corporation & Parks Board

Docusign Envelope ID: 4FF0C29B-D0E2-4A58-BDE5-81AF651B5931 MINUTES TYPE B ECONOMIC DEVELOPMENT CORPORATION & PARKS BOARD COUNCIL CHAMBERS JULY 21, 2025 4:00 PM The Joshua Type B Economic Development Corporation & Parks Board held a Regular Meeting in the City Hall Council Chambers, located at 101 S. Main St., Joshua, Texas. This meeting was subject to the open meeting laws of the State of Texas. A. CALL TO ORDER AND ANNOUNCE A QUORUM PRESENT Director Dees announced a quorum and called the meeting to order at 4:03 pm. B. CITIZENS FORUM The Economic Development Corporation - Parks Board invites citizens to speak on any topic. However, unless the item is specifically noted on this agenda, the Economic Development Corporation - Parks Board 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. REGULAR AGENDA 1. Discuss, consider, and possible action on providing funding assistance for the Stage Building Project. City Manager Mike Peacock provided an update on the stage building project, noting that the structure has been erected. He stated that the overall cost has exceeded initial expectations, primarily due to higher-than-anticipated concrete expenses. The building will serve multiple purposes, including storing the stage and storage area for the City’s Christmas tree, holiday decorations, and other event-related items. City Manager Peacock explained that expenditures for the project may be reimbursed through Hotel Occupancy Tax (HOT) funds as they are received. He also noted that it took years for the City to identify a viable project eligible for HOT fund usage. At one point, the City had even offered to return the funds to the hotel, but the offer was declined. Director Watts inquired whether the project bids were higher than engineering estimates. City Manager Peacock responded that the costs were in line with expectations, but there was an underestimate of the available HOT fund balance at the time. Director Walden asked how much had already been invested in the project. City Manager Peacock replied that approximately $70,000 had been expended to date. Motion made by Director Walden to approve up to $80,000. Seconded by Alt 1 Rayburn. Voting Yea: President Dees, Director Walden, Director Carter, Director Watts, Alt 1 Rayburn Type B Economic Development Corporation & Parks Board July 21, 2025 Page 1 of 2 Docusign Envelope ID: 4FF0C29B-D0E2-4A58-BDE5-81AF651B5931 D. FUTURE AGENDA ITEMS/REQUESTS BY DIRECTORS TO BE ON THE NEXT AGENDA (Members shall not comment upon, deliberate, or discuss any item that is not on the agenda. Members shall not make routine inquiries about operations or project status on an item that is not posted. However, any Members may state an issue and a request that this issue is placed on a future agenda.) Director Dees- City Events partnership with Joshua Sports Association Director Walden-Cooper Valley Park E. ADJOURN Director Dees adjourned the meeting at 4:20 pm. Approved: August 11, 2025 _____________________________ Dustin Dees, President ATTEST: _____________________________ Alice Holloway, City Secretary Type B Economic Development Corporation & Parks Board July 21, 2025 Page 2 of 2