2020-01-28 CEDC MeetingCITY OF
SOUTHLAKE
TEXAS
COMMUNITY ENHANCEMENT &
DEVELOPMENT CORPORATION MEETING
TUESDAY, JANUARY 28, 2020
LOCATION: The Marq Southlake
Legends Hall - Boardroom
285 Shady Oaks Drive
TIME: 6:00 p.m.
AGENDA:
1. Call to order
2. Consider approving the minutes from the November 21, 2019, Community Enhancement
and Development Corporation meeting
3. Economic Development:
a. 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
economic development negotiations.
i. Section 551.087: Deliberation regarding economic development negotiations -
Discuss the terms and conditions of an economic development incentive program -
Proiect No. 2019-03 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.
b. Review and make recommendations for the 2020 Business Climate Survey
4. The Marq Southlake:
a. Consider approval of funding for the City's contract with Tactical Systems Network for
security guards at the Marq Southlake in an amount not to exceed $158,000.
5. Staff reports:
a. Financial reports
i. The Marq Southlake financial highlights and membership sales report
ii. Sales tax report
b. Economic and development activity report
i. Development and Economic Activity Report - State of the Economy
ii. Business Engagement Program Report— FY 2020 Q1
c. Construction management report
6. Adjourn
A quorum of the City Council may or may not be present at this meeting.
City of Southlake
Community Enhancement & Development Corporation Meeting
January 28, 2020
Page 2 of 2
I hereby certify that the above
1400 Main Street, SouthlaoO
Chanter 551 of the Texas:Z�
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City
CERTIFICATE
was posted on the official bulletin boards at Town Hall,
ry,Friday, January 24, 2020, by 6:00 p.m., pursuant to
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If you plan to attend this meldlkly h)IN have a disability that requires special needs, please
advise the City Secretary 48 hours in advance at 817-748-8016, and reasonable
accommodations will be made to assist you.
CITY 0
S6Sir SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: January 28, 2020
LOCATION: The Marq Southlake
Legends Hall — Boardroom
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 Tom
DeCaro, Board Secretary Craig Sturtevant, Robert Mundlin and Jeff Wang.
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD
MEMBERS ABSENT: None.
STAFF PRESENT: Assistant City Manager & Director of Economic Development &
Tourism Alison Ortowski, Chief Financial Officer & Board Treasurer Sharen Jackson,
Police Chief James Brandon, Director of Public Works Rob Cohen, Deputy Director of
Community Services Kate Meacham, Tourism Marketing Manager Cambria Jones 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 January 28, 2020 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the January 28, 2020 meeting as
presented.
Motion: Sturtevant
Second: Mundlin
Ayes: Schelling, DeCaro, Sturtevant, Mundlin, Wang
Nays: None
Abstain: None
Vote: 5-0
Motion Carried — APPROVED
January 28, 2020 CEDC Minutes
a. Financial Reports
i. The Marq Southlake financial highlights and membership sales report
Chief Financial Officer and Board Treasurer Sharen Jackson presented the
following performance data for The Marq:
• The memberships at The Marq are currently exceeding established
targets with 2,479 active memberships and a FY 2020 goal of 2,044
memberships.
• Revenue-to-date is strong largely due to memberships hitting a new high
of 2,418 members in December with membership net revenue-to-date
of $693,405 as the largest driving force.
• There was a slight decrease in Senior Center memberships, 821
members, due to some members showing duplicate memberships.
ii. Sales Tax Report
Chief Financial Officer and Board Treasurer Sharen Jackson informed the
Board that the Corporation has brought in revenue at$976,686 for October and
November of the fiscal year, more than $70,000 over the same period last year.
b. Economic and development activity report
i. Development and Economic Activity Report - State of the Economy
Deputy Director of Economic Development Daniel Cortez provided the board a
presentation on the state of the economy in Southlake. As part of the
presentation, he made the following observations:
• Unemployment is at the 3.0%, the lowest rate since the City has been
tracking this data.
• The amount of residential activity has decreased in 2019 while the
average sales price of homes has increased to $872,947.
• The City has had more new businesses open in 2019 than at any other
point over the last ten years.
• Retail and Office occupancy rates increased in 2019 and will see
increases in 2020 due to businesses scheduled to open soon.
• Consumer spending also experienced a slight increase for FY 2019 to
just under 1.5%.
ii. Business Engagement Program Report— FY 2020 Q1
Deputy Director of Economic Development Daniel Cortez provided the board
an update on the first quarter business engagement report. During Q1, 15
businesses were interviewed, and 40 new businesses were visited.
3