2022-05-24 CEDC Minutes CITY OF
SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: May 24, 2022
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 Secretary Craig
Sturtevant, Jeff Wang, Mike Pazera, Bob Mundlin and Jennifer Kolb.
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD
MEMBERS ABSENT: NONE
STAFF PRESENT: Chief Financial Officer & Board Treasurer Sharen Jackson, Director
of Economic Development & Tourism Daniel Cortez, Director of Community Services
Chris Tribble, Deputy Director of Community Services David Miller and Economic
Development Specialist Stephanie Clayton
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 March 22, 2022 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the March 22, 2022 meeting.
Motion: Wang
Second: Mundlin
Ayes: Schelling, Sturtevant, Pazera, Mundlin, Wang, Kolb
Nays: None
Abstain: None
Vote: 6-0-0
Motion Carried —APPROVED
May 24, 2022 CEDC Minutes
3. Economic Development
a. Review 2022 Business Climate Survey Results
Director of Economic Development & Tourism Daniel Cortez provided the Board a
brief overview of the 2022 Business Climate Survey results. The key findings from
the survey include:
• The majority of responding businesses feel the City provides excellent or good
quality services
• Businesses have a positive outlook towards the future, expecting growth and
more employees
• Finding labor is a growing challenge
• Lease rates are the greatest expressed concern for businesses
No formal action was sought on this item other than board feedback and questions
on the survey results.
b. Review and provide feedback on the Business Engagement Program update
Economic Development Specialist Stephanie Clayton provided the board a brief
overview of the update to the Business Engagement Program and plan to refresh
the "Business Buddies" aspect of the program.
No formal action was sought on this item other than board feedback and questions
on the program update.
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 informed the Board that the Marq
overall is trending above target annual cost recovery at 84% as of the date of
the meeting with a target of 65%. She noted that Champions Club and Legends
Hall both are exceeding target annual cost recovery for the year with
Champions Club at 92% cost recovery with a target of 71% and Legends Hall
at 51% cost recovery with a target of 44%. The month of May saw a new high
for memberships at Champions Club with 2,920 members. Currently Legends
Hall has over $300,000 of reservations on the books with every Saturday in
December being filled.
ii. Sales Tax Report
Chief Financial Officer Sharen Jackson presented the Board with the most
recent sales tax data. She noted that the fiscal year-to-date sales tax
collections for the City are trending favorably at 29.0% above the previous
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May 24, 2022 CEDC Minutes
year's sales tax collections for the same time and March collections are at 14%
above March 2021 collections.
b. Economic and development activity report
Director of Economic Development & Tourism Daniel Cortez proposed
rescheduling the June 28th Meeting due to conflict with the City Council Summer
Workshop scheduled on the same night. Meeting was rescheduled to Wednesday,
June 29.
5. Adjourn
Board President Schelling adjourned the meeting at 7:29 p.m.
Martin Schelling, Board President
Community Enhancement and Development Corporation Board
Craig St rte vant, Board Secretary
Commun Enhancement and Development Corporation Board
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