Economic Development Corporation

ECONOMIC DEVELOPMENT CORPORATION Thursday, June 20, 2024 – 6:00 PM 109 North Kaufman Street, Mount Vernon, Texas 75457 Our mission: to provide effective and fiscally responsible municipal services in a manner which promotes our high standard of community life. Vision Statement Mount Vernon is a caring community committed to excellence and quality of life, aspiring to be the community of choice for ourselves, our children, and future generations – beautiful, clean, vibrant, and safe. We will strive to preserve our heritage, our friendly hometown atmosphere, and celebrate the diversity of all our citizens. MINUTES Call to Order President Sachse called the meeting to order at 6:00 p.m. and announced a quorum present. PRESENT President Mark Sachse Vice-President Roger Gekiere Secretary/Treasurer Julia Munoz Board Member Gabe Sharp Board Member Jeff Byrnes Board Member Don Huffstetler City Administrator Craig Lindholm City Secretary Kathy Lovier Assistant City Secretary Angie Pike ABSENT Board Member Kevin Anthony VISITORS Kassidy Wesson, Christopher Johnson, Betsy Gekiere Public Comment No one spoke. Consent Agenda 1. Minutes 5/9/2024 Motion made by Board Member Huffstetler, Seconded by Board Member Sharp. Voting Yea: President Sachse, Vice-President Gekiere, Secretary/Treasurer Munoz, Board Member Sharp, Board Member Byrnes, Board Member Huffstetler Public Hearing Hear evidence for or against a request made by Tim Seymore dba Seymore Franza Investments dba The Oaks on 37 for assistance with a traffic impact study for the property located on State Hwy 37 S, Mt. Vernon, Texas 75457 President Sachse closed the regular session at 6:03 p.m and opened the public hearing. Director Lindholm spoke on behalf of Seymore Franza Investments. President Sachse closed the public hearing and re-opened the regular session at 6:06 p.m. Action Items: 2. Consider and act upon approval of incentive application from The Oak on SH 37 for reimbursement of traffic study and liftsation part of the infrustructure costs. Motion made by Vice-President Gekiere, Seconded by Secretary/Treasurer Munoz. Voting Yea: President Sachse, Vice-President Gekiere, Secretary/Treasurer Munoz, Board Member Sharp, Board Member Byrnes, Board Member Huffstetler 3. Consider and act upon approval of request made by Key Club for financial assistance with restroom facilities for CountryFest 2024. Motion made by Board Member Byrnes to fund this request up to $2,100.00, Seconded by Secretary/Treasurer Munoz. Voting Yea: President Sachse, Secretary/Treasurer Munoz, Board Member Sharp, Board Member Byrnes, Board Member Huffstetler Voting Abstaining: Vice-President Gekiere 4. Consider and act upon approval of Tom Mullin Consultant, LLC for economic development consulting. Motion made by Board Member Huffstetler, Seconded by Vice-President Gekiere. Voting Yea: President Sachse, Vice-President Gekiere, Secretary/Treasurer Munoz, Board Member Sharp, Board Member Byrnes, Board Member Huffstetler This venture will be at a maximum of $6,000 and will be with Franklin County, Franklin County Industrial Foundation and the City of Mount Vernon. Each entity will pay their own way. 5. Consider and act upon approval of Housing Analysis for North Corridor Development by North Shore Solutions Motion made by Board Member Huffstetler, Seconded by Board Member Byrnes. Voting Yea: President Sachse, Vice-President Gekiere, Secretary/Treasurer Munoz, Board Member Sharp, Board Member Byrnes, Board Member Huffstetler Board Member Reports and Discussion Gadlin Street will need to be widenedat a minimum of 600 feet to accomodate truck tractors to the Frito Lay storage facility. The approximate cost for the whole street is over $2 million. The owner of Frito Lay facility is interested in buying LOVES property if they are willing to sell, President Sachse also showed interest as well as the Industrial Foundation.  6. 2024/2025 budget A mark up of the proposed budget was presented by Director Lindholm. The budget will be voted on by the board in the July meeting. Adjourn Motion made by Board Member Huffstetler at 6:50 p.m. to close the meeting, Seconded by Secretary/Treasurer Munoz. Voting Yea: President Sachse, Vice-President Gekiere, Secretary/Treasurer Munoz, Board Member Sharp, Board Member Byrnes, Board Member Huffstetler ____/s/ Mark Sachse Mark Sachse - Board President ATTEST __/s/ Kathy Lovier____ Kathy Lovier– City Secretary