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2018-05-22 CEDC MinutesCITY OF SOUTHLAKE TEXAS SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD MEETING MINUTES: May 22, 2018 LOCATION: The Marq Southlake 285 Shady Oaks Drive Southlake, Texas 76092 TIME: 6:00 p.m COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD MEMBERS PRESENT: Board President Martin Schelling, Board Vice -President Brandon Bledsoe, Board Secretary Suzanne Maisto, Tom DeCaro, Bob Mundlin, Frank Pittman, and Jeff Wang. COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD MEMBERS ABSENT: None STAFF PRESENT: Assistant City Manager Alison Orlowski, Assistant City Manager Ben Thatcher, Chief Financial Officer & Board Treasurer Sharen Jackson, Director of Public Works Rob Cohen, Director of Community Services Chris Tribble, and Director of Information Technology Greg Hendricks. 1. Tour of The Marq Southlake Champions Club Prior to calling the meeting to order the board took a tour of the construction at the Champions Club with Councilmember Huffman. 2. Call to order Board President Martin Schelling called the meeting to order at 7:04 p.m. 3. Consider approving the minutes from the April 24, 2018 Community Enhancement and Development Corporation meeting A motion was made to approve the minutes from the April 24, 2018 meeting as presented. Motion: Bledsoe Second: Pittman Ayes: Bledsoe, DeCaro, Maisto, Mundlin, Pittman, & Schelling Nays: None Abstain: Wang Vote: 6-0-1 Motion Carried —APPROVED 4. The Marq Southlake Director of Information Technology Greg Hendricks made a one presentation for items 4A and 4B, but the Board took separate action on each item. The presentation highlighted the needed technology and computer requirements for opening the Champions Club. A question was asked if the equipment being asked for funding was solely for employees of The Marq or would some of it go to support other employees across the organization. Staff assured the Board that this equipment would only serve The Marq Champions Club. a. Consider funding the purchase of network equipment and related components for The Marq Southlake Champions Club with Presidio in an amount not to exceed $72,725. A motion was made to approve item 4A as presented. Motion: Bledsoe Second: Mundlin Ayes: Bledsoe, DeCaro, Maisto, Mundlin, Pittman, Schelling, & Wang Nays: None Abstain: None Vote: 7-0 Motion Carried —APPROVED b. Consider funding the purchase of computer and related components for The Marq Southlake Champions Club with PC Mall Government in an amount not to exceed $86,875. A motion was made to approve item 4B as presented. Motion: Bledsoe Second: Pittman Ayes: Bledsoe, DeCaro, Maisto, Mundlin, Pittman, Schelling, & Wang Nays: None Abstain: None Vote: 7-0 Motion Carried — APPROVED 5. Staff reports: a. Sales tax report Chief Financial Officer and Board Treasurer Jackson asked the board if there were any questions regarding the sales tax report that was in the packet. She informed the Board that the Corporation brought in $472,105 in revenue for the month of March 2018. The total revenue for the year is just under $3m ($2,895,563). b. Economic and development activity report Assistant City Manager Ortowski inquired if the Board would like a tour of the vacant Vista at Solana building. She shared that the Granite building is on target with their leasing proforma, and she also reminded the Board of the upcoming joint meeting with Council and other City boards regarding the Carillon Parc development on June 4th. c. Construction management report L Change Order #2 Overview Public Works Director Cohen provided an update on the project expenses as well as the burn rate for the budget. He informed the board that the project contingency budget is hovering around $1m. Director Cohen also gave the status on change order #2 as it makes its way to City Council for ratification on June 5. 6. ADJOURNMENT Meeting adjourned at 7:40 p.m. Martin Schelling, President Community Enhancement and Development Corporation Board nne ktasto, Secretary munity E ancement and Development Corporation Board