2020-09-22 CEDC Meeting9 CITY OF
SOUTHLAKE
TEXAS
COMMUNITY ENHANCEMENT &
DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 22, 2020
LOCATION: The Marq Southlake
Legends Hall - Boardroom
285 Shady Oaks Drive
Also available via VIRTUAL ACCESS
NOTICE IS HEREBY GIVEN in accordance with order of the Office of the Governor issued March
16, 2020, the Community Enhancement and Development Corporation Board of Directors will
conduct this meeting both in-person and virtually in order to advance the public health goal of
limiting face-to-face meetings (also called "social distancing") to slow the spread of the
Coronavirus (COVID-19).
This Notice and Meeting Agenda, are posted online at
https://www.cityofsouthiake.com/AgendaCenter
The public will be permitted to offer public comments as provided by the agenda and as permitted
by the presiding officer during the meeting via http://bit.ly/92220CEDC hosted through Webex.
A recording of this meeting will be made and will be available to the public in accordance with the
Open Meetings Act.
TIME: 6:00 p.m.
AGENDA:
1. Call to order
2. Consider approving the minutes from the July 28, 2020, Community Enhancement and
Development Corporation meeting
3. Economic Development:
a. Review and provide feedback on the recommendations of the Southlake 2035 Economic
Development Master Plan Addendum
4. 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
5. 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, September 18, 2020, by 6:00 p.m., pursuant to
Chapter 551 of the Texas
;,% /j�flygrrent Code.
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CO()U T HC��'��'
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Veronica Lomas,
Deputy City Secretary, •°'•• ..•••°•
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If you plan to attend this ®meellhgand 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.
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13 CITY OF
SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: September 22, 2020
LOCATION: The Marq Southlake
Legends Hall — Boardroom
285 Shady Oaks Drive
Southlake, Texas 76092
And through VIRTUAL ACCESS
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 Alison Ortowski, Chief Financial Officer &
Board Treasurer Sharen Jackson, Director of Planning & Development Services and
Interim Director of Community Services Ken Baker and Director of Economic
Development & Tourism 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 July 28, 2020 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the July 28, 2020 meeting.
Motion: DeCaro
Second: Sturtevant
Ayes: Schelling, DeCaro, Sturtevant, Mundlin, Wang
Nays: None
Abstain: None
Vote: 5-0
Motion Carried — APPROVED
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September 22, 2020 CEDC Minutes
3. Economic Development
a. Review and provide feedback on the recommendations of the Southlake
2035 Economic Development Master Plan Addendum
Director of Economic Development & Tourism Daniel Cortez provided the
Board the background and an overview of the proposed recommendations for
the Southlake 2035 Economic Development Master Plan Addendum. The
Board provided general feedback on the proposed recommendations and
inquired as to the capacity to accomplish the implementation of the
recommendations. The Board encouraged staff to seek assistance, where
appropriate, from the business community.
4. Staff Reports
a. Financial reports
i. The Marq Southlake financial highlights and membership sales report
Chief Financial Officer Sharen Jackson provided information about
Champions Club membership trends and revenue. She indicated that current
cost recovery is at 65% but when expenses are reflected the number will be
closer to 50%. She noted that current reservations at both Champions Club
and Legends Hall are very low. Reservations for 2021 are being scheduled
but they tend to be for events smaller in scope.
Chief Financial Officer Sharen Jackson also provided the Board with the City
Council approved FY 2021 Proposed Budget for The Marq noting the change
in cost recovery from 54% presented in July to 53% in the approved budget
based on current projections.
ii. Sales Tax Report
Chief Financial Officer Sharen Jackson presented the Board with the sales
tax report for the month of July 2020. She noted that the City has collected
$4.8 million for the year-to-date which is 3% higher than 2019. She also
indicated that for the year-over-year revenue by industry, retail was about 4%
less and restaurants were about 20% less.
b. Economic and development activity report
Director of Economic Development & Tourism Daniel Cortez informed the
Board that the Delta Marriott Hotel is anticipating opening in late November or
early December.
5. ADJOURNMENT
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September 22, 2020 CEDC Minutes
Director of Economic Development & Tourism Daniel Cortez noted the next Board
meeting will be held in October and that he'll inform the Board if the ability to have
the meeting virtually is still an option.
Board President Schelling adjourned the meeting at 6:57 p.m.
Martin Schelling, Board President
Community Enhancement and Development Corporation Board
Craig St`f''�:vBoard Secretary
Commu En ancement and Development Corporation Board
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