2018-06-26 CEDC MinutesSOUTH LAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: June 26, 2018
LOCATION: Southlake Town Hall — Room 4A
1400 Main Street
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 Deputy
Director of Economic Development Daniel Cortez.
1. Call to order
Board President Martin Schelling called the meeting to order at 6:00 p.m.
2. Consider approving the minutes from the May 22, 2018 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the May 22, 2018 meeting as
presented.
Motion: Bledsoe
Second: Maisto
Ayes: Bledsoe, DeCaro, Maisto, Mundlin, Pittman, Schelling, & Wang
Nays: None
Abstain: None
Vote: 7-0
Motion Carried — APPROVED
3. Economic Development
a. Review and provide feedback on business climate survey framework
Deputy Director Cortez briefed the board on a proposed framework for surveying
the business community. Mr. Cortez informed the board that a business climate
survey with Southlake's local business community would provide the most
current quantitative data, a better understanding of local challenges and the
perceptions of the local business climate. This type of survey would also
demonstrate the City's support for the local business community, uncover
opportunities to improve the local business climate, find benefits for existing
businesses and a means for the City to evaluate its current and future programs
to better meet the needs of businesses.
The board had a robust conversation, asked questions and provided feedback
concerning the ideal time to conduct the survey as well as what consultants
might the City work with to implement the survey.
b. Discussion of FY2019 economic development budget items
Chief Financial Officer and Board Treasurer Sharen Jackson gave the Board a
FY 2019 budget preview of proposed economic development expenditures. Two
economic development expenditures are being proposed for FY2019. One is for
the construction of SH 114 improvements, which will be a $1 million transfer from
the CEDC fund to the City's CIP for this project. The second proposed expense
is $20,000 for the www.selectsouthlake.com website. This new site will assist
brokers looking for site options in Southlake.
The Board didn't have any questions on this item.
4. The Marq Southlake
a. Discussion of FY2019 Marq Southlake budget items
Director of Community Services Chris Tribble gave the Board a FY 2019 budget
preview of the new proposed Marq expenditures. As of the June meeting the
Marq budget will be made up of the following new expenditures, but noting that
as the budget gets closer to being finalized some numbers may change a bit:
• Legends Hall Capital Items - $35,000
• Security Guard Services - $129,000
• Facility Maintenance Work Order System - $8,500
• Champions Club Christmas Decorations - $20,000
• Champions Club Marketing - $15,000
The Board didn't have any questions on this item.
5. Staff reports:
a. Financial reports
i. The Marq Southlake financial highlights
ii. 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 $413,723 in revenue for
the month of April 2018. The total revenue for the year is over $3m
($3,309,285). She also noted that this is the second month of collections
being less than planned due to the Apple store closure and remodel.
b. Economic and development activity report
Assistant City Manager Ortowski shared with the board that Westin has asked
City Council for an extension of their 380 agreement.
c. Construction management report
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 is 58%
complete and that substantial completion is targeted for September with a grand
opening of the facility in December. He also shared that the contingency budget
is still hovering around $1 m.
6. ADJOURNMENT
Meeting adjourned at 7:18 p.m.
Martin Schelling,, President
Community Enhancement and Development Corporation Board
zan- nulla to, Secretary
mmunity En ncement and Development Corporation Board