Type B EDC Meeting

MINUTES TYPE B ECONOMIC DEVELOPMENT & PARK BOARD REGULAR SESSION AUGUST 09, 2021 7:15 P.M. The Joshua Type B 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/85748039778?pwd=WVlOM0FrNCtKdmtrK2dyRno2OVpFQT09 Meeting ID: 874 9507 6143 Passcode: 225178 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. Board Members Present: Glen Walden, Place 1; Bill Funderburk, Place 3; Dustin Dees, Place 4, Nicholas Larson, Place 5, Kim Kimble, Place 6, and Pam Ingram, Place 7 Board Members Absent: Merle Breitenstein, Place 2 City Staff Present: Mike Peacock, City Manager and Alice Holloway, City Secretary A. Call to Order and announce a quorum present. Dustin Dees announced a quorum and called the meeting to order at 7:32 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 Kimble moved to approve the meeting minutes of July 12, 2021 with corrections. Director Funderburk seconded the motion. The motion passed unanimously. D. Review YTD Financial Statements as of June 2021. The corporation reviewed the YTD Financial Statements ending July 2021. City Manager Peacock noted that the Corporation is in good standings financially. E. Discuss and review the balance in the Park Dedication Fee fund. City Manager Peacock explained the rules for Parkland Funds. In addition, he stated that the following in currently in the Park Fund Account:  Wildwood $39,544  Maddox Custom Homes $3,369  SRE development $44,360  Joshua Development $9,294 Total $96,567 F. Discuss and receive updates on the Cooper Valley Park Project. City Manager Peacock noted that he was hoping to have the survey of the park at this time, but he has not recieved it yet. City Manager Peacock stated that more information will be giving at a future date. G. Discuss, consider, and possible action on the FY 2021-2022 proposed budget. City Manager Peacock stated that the following proposed expenditures for the FY 2021-22 are included in the proposed budget:  Full Time Park Crew Member $38,285  EDC Coordinator $45,000 (other 45,000 paid by Type A)  IT Security $2,500  Zero Turn Mowers (2) $26,000  Parking 380 Agreement $30,000  Volleyball Court $15,000  Cooper Valley Park $30,000 Total $186,785 In addition, he stated that the proposed budget includes a decrease in expenditures in the amount of $156,000 previously transferred into the Debt Service Fund to cover 50% of the total payment on the YMCA Facility. City Manager Peacock noted that revenue projections includes a 7.5% increase in Sales Tax Revenue based on a YTD increase of 13.4% over FY 20-21. Director Walden moved to accept the proposed budget as presented. Director Ingram seconded the motion. The motion passed unanimously. H. Discussion with the Joshua Peewee Football Association regarding future plans and activities. No person with the association was in attendance at the meeting. Staff was directed to place on the September’s agenda. I. FUTURE AGENDA ITEMS/REQUESTS BY DIRECTORS TO BE ON NEXT AGENDA  Peewee Association  (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 Funderburk adjourned the meeting at 7:56 pm. ____________________________ Dustin Dees, Chairman _____________________________ Alice Holloway, TRMC City Secretary Approved: September 13, 2021