2022-11-17 CEDC MeetingigE_ I-... �.
SOUTHLAKE
TEXAS
COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION MEETING
THURSDAY, NOVEMBER 17, 2022
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 September 27, 2022, Community Enhancement and
Development Corporation meeting
3. Consider the selection of Board officers
4. 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 regardinq economic development negotiations - Discuss
the terms and conditions of an economic development incentive oroaram - Proiect No.
2022-01. 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.
5. Economic Development:
a. Review and provide input on the Select Southlake Target Industry Video
6. The Marq:
a. Consider approval of funding for the purchase of capital equipment from Marathon Fitness
in an amount not to exceed $107,500.
7. Staff reports:
a. Financial reports
The Marq Southlake financial highlights and membership sales report
ii. Sales tax report
b. Economic and development activity report
8. Adjourn
Carillon Park Public Spaces Steering Committee Update
A quorum of the City Council may or may not be present at this meeting.
SOUTHLAKE
TEXAS
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 11, 2022, by 6:00 p.m., pursuant to
Chapter 551 of the `e,�(> N W. nt Code.
N
Amy he ley, =
City Secretary : �—:
meetW_4t have a disability that requires special needs, please advise
If you plan to attend�t'hi
the City Secretary 48 h6Yos►uo►4Wance at 817-748-8016, and reasonable accommodations will
be made to assist you.
CITY OF
SOUTH LAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: November 17, 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, Eric Wang, Bob Mundlin and Jennifer Kolb.
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD
MEMBERS ABSENT: Board Vice President Mike Pazera, Jeff Wang
STAFF PRESENT: Chief Financial Officer & Board Treasurer Sharen Jackson, Director
of Economic Development & Tourism Daniel Cortez, Recreation Manager Ryan McGrail,
Assistant Recreation Manager Amy Bennett 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 September 27, 2022 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the September 27, 2022 meeting.
Motion: Sturtevant
Second: Kolb
Ayes: Sturtevant, Kolb, Mundlin, E. Wang, Schelling
Nays: None
Abstain: None
Vote: 5-0-0
Motion Carried —APPROVED
November 17, 2022 CEDC Minutes
3. Consider Selection of Board Officers
Tabled until more board members are present.
4. 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 for Project No. 2022-01.
Executive Session began at 6:04 pm and concluded at 7:05 pm.
5. Economic Development
a. Review and provide input on Select Southlake Target Industry Video
Economic Development Specialist Stephanie Clayton presented the video to the
board and asked for feedback. She noted the material will be used in a number of
ways, through various avenues, to market Southlake to potential businesses in line
with Southlake's target industries.
6. The Marq
a. Consider approval of funding for the purchase of capital equipment from
Marathon Fitness in an amount not to exceed $107,500.
Recreation Manager Ryan McGrail provided information on the equipment
purchase for Champions Club including nine Precor 885 EFX Ellipticals
($9,219/ea) and two Precor 885 Adaptive Motion Trainers ($10,458/ea). Staff is
able to receive $4,500 in Trade in Value for the equipment being replaced. He
noted this funding was previously approved in the CEDC FY2023 operating
budget.
A motion was made to approve the funding for the purchase of capital equipment
from Marathon Fitness in an amount not to exceed $107,500.
Motion: Mundlin
Second: Kolb
Ayes: Sturtevant, Kolb, Mundlin, E. Wang, Schelling
Nays: None
Abstain: None
Vote: 5-0-0
Motion Carried —APPROVED
7. Staff Reports
a. Financial Reports
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November 17, 2022 CEDC Minutes
i. The Marq Southlake financial highlights and membership sales report
Chief Financial Officer & Board Treasurer 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 80% as of the date of the meeting with a target of 65%. She noted
that Champions Club and Legends Hall both are below target annual cost
recovery for the year with Champions Club at 61% cost recovery with a target
of 71% and Legends Hall at 40% cost recovery with a target of 44%.
Champions Club has 3,162 members as of the date of the meeting.
ii. Sales Tax Report
Chief Financial Officer& Board Treasurer Sharen Jackson presented the Board
with the most recent sales tax data. She noted that the sales tax collections for
the month of October are trending favorably at just under 25% more than the
same time last year. She noted the city is still trending above budget and is
projected to end the year at 5% or more above projected sale tax revenue.
b. Economic and development activity report
i. Carillon Parc Public Spaces Steering Committee Update
Director of Economic Development and Tourism Daniel Cortez provided the
board an update on the Carillon Parc Public Spaces Steering Committee. The
first meeting occurred October 17 and served as an orientation for the
committee.
8. Adjourn
Board President Martin Schelling adjourned the meeting at 7:43 p.m.
rtin Schelling, Board President
Community Enhancement and Development Corporation Board
Crai S rtevant, Board Secretary
Com unity Enhancement and Development Corporation Board
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