2018-11-27 CEDC MeetingCITY OF
SOUTH LAKE
TEXAS
COMMUNITY ENHANCEMENT &
DEVELOPMENT CORPORATION MEETING
TUESDAY, NOVEMBER 27, 2018
LOCATION: Southlake Town Hall — Room 4A
1400 Main Street
Southlake, Texas 76092
TIME: 6:00 p.m.
AGENDA:
1. Call to order
2. Consider approving the minutes from the September 25, 2018, Community
Enhancement and Development Corporation meeting
3. Consider selection of Board officers
4. Review and discuss the implementation of strategic priorities
5. Executive Session: Pursuant to the Open Meetings Act, Chapter 551, Texas
Government Code, Section 551.087: Deliberation regarding economic development
negotiations. Executive Session may be held, under this exception, at the end
of the Regular Session or at any time during the meeting that a need arises for
the Community Enhancement and Development Corporation to deliberate
regarding economic development negotiations.
a. Section 551.087: Deliberation regarding economic development negotiations -
Discuss the terms and conditions of an economic development incentive program
Project No. 2018-01 The Community Enhancement and Development
Corporation Board may discuss or deliberate regarding commercial or financial
information received from a business prospect that the city seeks to have locate,
stay, or expand in or near the city and which the City is conducting economic
development negotiations; or to deliberate the offer of a financial or other
incentive to a business prospect as described above.
6. Economic Development
a. Receive a report and provide feedback on implementation of the Southlake 2035
Economic Development Master Plan
7. Staff reports:
a. Financial reports
i. The Marq Southlake financial highlights
ii. Champions Club membership sales report
iii. Sales tax report
b. Economic and development activity report
c. Construction management report
8. Adjourn
A quorum of the City Council may or may not be present at this meeting.
CERTIFICATE
I hereby certify that the above agenda was posted on the official bulletin boards at Town
Hall, 1400 Main Street, Southlake, Texas on Friday, November 23, 2018, by 6:00 p.m.,
pursuant to Chapter 551 of the Texas �pw� Ment Code.
OTH
GV •m�
Amy, elley, TRW': v
COZ
Deputy City Secretary ;
If you plan to attend this meetir(y,�nP#ve ��` disability
please advise the City Secretary 411►tiVAOYn advance
accommodations will be made to assist you.
that requires special needs,
at 748-8016, and reasonable
SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: November 27, 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, and
Jeff Wang.
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD
MEMBERS ABSENT: N/A
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, Director of Public Works Rob Cohen, and Director of
Planning & Development Services Ken Baker.
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 September 25, 2018 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the September 25, 2018 meeting
as presented.
Motion: Bledsoe
Second: Maisto
Ayes: Bledsoe, DeCaro, Maisto, Mundlin, and Schelling
Nays: None
Abstain: Wang
Vote: 5-0-1
Motion Carried —APPROVED
3. Consider selection of board officers
Board member Mundlin made a motion to approve the following slate of officers for
the upcoming year if they were amenable to serving:
0 President — Martin Schelling
November 27, 2018 CEDC Minutes
• Vice -President — Brandon Bledsoe
• Secretary — Suzanne Maisto
• Treasurer — Chief Financial Officer Sharen Jackson
Motion: Mundlin
Second: Wang
Ayes: DeCaro, Bledsoe, Maisto, Mundlin, Schelling, & Wang
Nays: None
Abstain: None
Vote: 6-0
Motion Carried —APPROVED
4. Review and discuss the implementation of strategic priorities
Assistant City Manager Orlowski presented this item and mentioned that this is a
standing annual item to review. She provided the board with an update on what has
been accomplished by the CEDC board in FY 2018 and what is planned for FY
2019. Questions were asked about the implementation of the business survey, but
no changes were suggested.
5. EXECUTIVE SESSION
Board President Schelling announced the Community Enhancement and
Development Corporation (CEDC) would go into Executive Session pursuant to the
Open Meetings Act, Chapter 551, Texas Government Code, Section 551.087 to
deliberate regarding economic development negotiations.
Executive Session began at 6:12 pm and concluded at 7:19 pm.
6. Economic Development
a. Receive a report and provide feedback on implementation of the Southlake
2035 Economic Development Master Plan
Assistant City Manager Ortowski presented this item and provided the Board with an
overview of the implementation, what has been accomplished and what remains on
the implementation schedule for the 2035 Economic Development Master Plan. She
noted that through the partnership with the CEDC, considerable progress was made
in FY2018. No formal action was sought other than board feedback on
implementation of the master plan.
7. Staff reports:
a. Financial reports
L The Marq Southlake financial highlights
November 27, 2018 CEDC Minutes
Chief Financial Officer and Board Treasurer Jackson presented the monthly
dashboard status for the Marq and noted the following for the board:
• Overall cost recovery for The Marq is 30.76%, which is below the
target of 82% (set for year three)
o Legends Hall is at 60% cost recovery, which is above the 58%
target
o Champions Club (yet to open) is at 0% cost recovery
• Year-end revenue is $460,940, which is above the budgeted amount of
$450,000
• Year-end expenses are at $1,498,322, which is below the budgeted
$2,157,139
ii. Champions Club membership sales report
Director Tribble informed the board that at the moment the City has sold 653
memberships to Champions Club, which is 123% of the pre -sale goal and
37% of the year one goal.
He also noted that since the City implemented a non-resident fee for the Sr.
Activity Center there have been 220 non-resident memberships sold, which is
153% of the City's FY2019 goal.
iii. 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 $463,253 in revenue for
the month of September 2018. The total revenue for the year is under $6m
($5,707,414).
Boardmember Mundlin recognized CFO and Board Treasurer Jackson's hard
work on with the CEDC budget and also congratulated her on her recent
award for being named CFO of the Year by the Dallas Business Journal.
b. Economic and development activity report
Assistant City Manager Ortowski didn't have anything new to report on this
item. The board asked if staff could provide a monthly list of business
openings and closings at each meeting.
c. Construction management report
Director Cohen provided a brief update on the construction status of Champions
Club including several recent updated pictures of the building. He informed the
board that the project is 74% complete and that substantial completion is
targeted for January 2019. He noted that $25.5 million has been paid to the
contractor thus far.
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November 27, 2018 CEDC Minutes
5. ADJOURNMENT
Prior to adjourning the meeting Assistant City Manager Ortowski provided the
board the meeting schedule for 2019 and asked that staff be informed of any
meeting conflicts.
Board President Schelling adjourned the meeting at 7:35 p.m.
Martin Schelling, President
Community Enhancement and Development Corporation Board
2anne M to, Secretary
mmunity En ncement and Development Corporation Board
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