Downtown Development Authority

TYRONE DOWNTOWN DEVELOPMENT AUTHORITY MINUTES August 08, 2022 at 9:00 AM Billy Campbell, Chairman Jeni Mount, Vice-Chairman Luci McDuffie, Treasurer Brandon Perkins, Town Manager Ernie Johnson Phillip Trocquet, Town Planner John Kaufman Ciara Willis, Secretary Nathan Reese E. Allison Ivey Cox, Town Attorney Adam She Also present was: Melissa Hill, Council Member Tracy Young, Fayette County Development Authority I. CALL TO ORDER Chairman Campbell called the meeting to order at 9:00 am. The meeting was also available via YouTube Live. II. INVOCATION III. PLEDGE OF ALLEGIANCE IV. PUBLIC COMMENTS: The first public comment period is reserved for non-agenda items. Comments are limited to three (3) minutes. Please state your name & address. Comments that require a response may not be answered during this time. The DDA or staff may respond at a later date. V. APPROVAL OF AGENDA A motion was made to approve the agenda. Motion made by Treasurer McDuffie, Seconded by Vice-Chairman Mount. Voting Yea: Chairman Campbell, Board Member She, Board Member Kaufman, Board Member Reese VI. APPROVAL OF MINUTES 1. Approval of minutes from June 13, 2022. A motion was made to approve the minutes from June 13, 2022. Motion made by Board Member Kaufman, Seconded by Vice-Chairman Mount. Voting Yea: Chairman Campbell, Treasurer McDuffie, Board Member She, Board Member Reese Downtown Development Authority Page 1 of 3 August 08, 2022 VII. PRESENTATIONS 2. Presentation from Mr. Tom Owens on bonds as a DDA financial tool. Mr. Tom Owens with Raymond James assists cities, counties, school districts, and authorities with the issuance of bonds. He stated that DDAs issue bonds through conduit bonds, local government-backed bonds, and property tax abatement. In addition, Mr. Owens specified that each project would be unique to the town. He also emphasized that the DDA would have flexibility in deciding which type of revitalization and redevelopment opportunities are appropriate for the Town Center District. Lastly, he added that his company’s role would be to find investors or act as a placement agent to purchase bonds. VIII. OLD BUSINESS IX. NEW BUSINESS 3. Consideration to approve the purchase of a custom-branded event tent from EZ-UP. - Phillip Trocquet, Community Development Mr. Trocquet discussed permanent tent options that the DDA could use at events. The tent options are 10’ x 10’ or 10’ x 15’ and would include the DDA's official logo design. He stated that the purchase would come out of the special program supplies budget line number. He also shared that the main image could be customized on multiple peaks and valences for an added cost. The board agreed that the best option would be the 10’ x 15’ tent. A motion was made to approve the purchase of a custom-branded 10' x 15' event tent for an amount not to exceed $1,500.00 from EZ-UP. Motion made by Board Member Kaufman, Seconded by Treasurer McDuffie. Voting Yea: Chairman Campbell, Vice-Chairman Mount, Board Member She, Board Member Reese X. PUBLIC COMMENTS XI. STAFF COMMENTS Mr. Perkins stated that he would continue to assist the DDA, but Mr. Trocquet would now be the day-to-day liaison. XII. BOARD COMMENTS Chairman Campbell shared that the August “First Friday” event was successful. He emphasized that he was looking forward to the September “First Friday” event at Shamrock Park, featuring the Vintage Vixens. XIII. EXECUTIVE SESSION Page 2 of 3 XIV. ADJOURNMENT A motion was made to adjourn. Motion made by Treasurer McDuffie, Seconded by Board Member Reese. Voting Yea: Chairman Campbell, Vice-Chairman Mount, Board Member She, Board Member Kaufman The meeting adjourned at 9:42 am. By: Attest: Billy Campbell, Chairman Ciara Willis, Secretary Page 3 of 3