2017-03-28 CEDC Minutes CITY OF
SOUTH LAKE
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: MARCH 28, 2017
LOCATION: Southlake Town Hall
1400 Main Street, Room 4A
Southlake, Texas 76092
TIME: 6:00 p.m.
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD MEMBERS
PRESENT: Board President Martin Schelling, Board Secretary Suzanne Maisto, Bob Mundlin,
and John Thane.
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD MEMBERS
ABSENT: Board Vice-President Brandon Bledsoe, and Jeff Wang
STAFF PRESENT: Assistant City Manager Alison Ortowski, Assistant City Manager Ben
Thatcher, Chief Financial Officer & Board Treasurer Sharen Jackson, Director of Community
Services Chris Tribble, and Deputy Director of Economic Development Daniel Cortez.
1. CALL TO ORDER:
Board President Martin Schelling called the meeting to order at 6:02 p.m.
2. Consider approving the minutes from the March 1, 2017 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the March 1, 2017 meeting as
presented.
Motion: Thane
Second: Mundlin
Ayes: Maisto, Mundlin, Schelling, & Thane
Nays: None
Abstain: None
Vote: 4-0
Motion Carried —APPROVED
3. Review and discuss implementation status of FY2017 strategic priorities
Assistant City Manager Alison Ortowski presented the board with an update on what
has been accomplished since the board was formed and what is currently planned for
the remainder of the fiscal year. The board then had a discussion about the
implementation status of various strategic priorities.
City of Southlake Values:
Integrity♦ Innovation •Accountability♦ Commitment to Excellence ♦ Teamwork
Minutes of the March 28,2017 Community Enhancement and Development Corporation Board Meeting
Page 2 of 3
4. Economic Development:
4A. Provide feedback on customer needs for web-based site selection tool
Deputy Director Cortez made a presentation on this item and gave an overview
of the various features site selection tools have. The board provided feedback to
assist in choosing the right tool for the City.
5. The Marq Southlake:
5A. Discuss upcoming issuance of CEDC Revenue Bonds Series 2017
Chief Financial Officer & Board Treasurer Sharen Jackson provided the board a
timeline of the anticipated debt issuance for Phase 2.
6. STAFF REPORTS:
6A. Sales tax report
Chief Financial Officer and Board Treasurer Sharen Jackson asked the board if
there were any questions regarding the report that was in the packet. She
informed the Board that the Corporation has brought in a little over $2m
($2,012,892) in revenue which is $201,692 (9%) over the budgeted amount for
the year.
6B. Development activity report
Assistant City Manager Alison Ortowski provided the board with the first
dashboard report from Visa regarding sales tax trends from international visitors.
She then answered questions from the board.
6C. Construction management report
Director Chris Tribble provided an update on the drilled foundation holes that are
filling with water. The construction crews have decided that drilling 15 ft. deeper
in most cases will work. This has slowed the project back by about two months,
but a second drilling rig will be delivered soon to help catch up. At this time it is
not known what changes to the construction budget will be needed.
7. ADJOURNMENT
Meeting adjourned at 7:06 p.m.
City of Southlake Values:
Integrity♦ Innovation •Accountability• Commitment to Excellence ♦ Teamwork
Minutes of the March 28,2017 Community Enhancement and Development Corporation Board Meeting
Page 3 of 3
/
I, s .�
Martin Schelling, President
Community Enhancement and Development Corporation Board
zanne Mal .•, Secretary
ommunity Enh_ cement and Development Corporation Board
City of Southlake Values:
Integrity♦ Innovation ♦Accountability♦ Commitment to Excellence • Teamwork