2023-09-26 CEDC MeetingCITY OF
SOUTHLAKE
TEXAS
COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION MEETING
TUESDAY, SEPTEMBER 26, 2023
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 July 31, 2023, Community Enhancement and Development
Corporation meeting.
3. 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. 2023-02. 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.
4. The Marq:
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 $189,878.00.
5. Staff reports:
a. Financial reports
The Marq Southlake financial highlights and membership sales report
Sales tax report
b. Economic and development activity report
6. Adjourn
A quorum of the City Council, board, commission, or committee may or may not be present at this
meeting.
CERTIFICATE
46�,posted
I hereby certify that the aon the official bulletin boards at Town Hall, 1400 Main
VAMAy,
ake, Tex °��? .-H'dby,-Si0ber 22, 2023, by 5:00 p.m., pursuant to Chapter 551 of the
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If you plan to attend this m&tirJ s Ove 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 OF
SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: September 26, 2023
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 Mike
Pazera. Board Secretary Craig Sturtevant, Bob Mundlin, Eric Wang, Jennifer Kolb, and
Jeff Wang
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, Chief of Police James Brandon,
Deputy Director of Community Services David Miller, and Economic Development
Specialist Stephanie Bernard
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 31, 2023 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the June 21, 2023 meeting.
Motion:
Sturtevant
Second:
J. Wang
Ayes:
Schelling, Mundlin, Sturtevant, J
Nays:
None
Abstain:
None
Vote:
7-0-0
Motion Carried —APPROVED
3. Executive Session
Wang, E. Wang, Kolb, Pazera
September 26, 2023 CEDC Minutes
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. 2023-02.
Executive Session began at 6:03 pm and concluded at 6:39 pm.
4. The Marq
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 $189,878.00
Chief of Police James Brandon provided information regarding the contract
renewal with no rate increase from previous year ($35.00/hour).
A motion was made to approve funding for the City's contract with Tactical
Systems Network for security guards at the Marq Southlake in an amount. not to
exceed $189,878.
Motion:
Mundlin
Second:
Kolb
Ayes:
Schelling, Mundlin, Sturtevant, J
Nays:
None
Abstain:
None
Vote:
7-0-0
Motion Carried —APPROVED
5. Staff Reports
a. Financial Reports
Wang, E. Wang, Kolb, Pazera
i. The Marq Southlake financial highlights and membership sales report
Board Treasurer Sharen Jackson provided an update regarding Champions
Club and Legends Hall membership trends and revenue. Mrs. Jackson
informed the Board that the Marq overall is exceeding target cost recovery at
77% with a target of just under 60% for the year. She anticipates that total final
cost recovery will be about 72%. She noted Legends Hall is exceeding the
target cost recovery of 33% at 52% and is forecasted to collect over $600,000
for the Fiscal Year, their most to date since opening. Mrs. Jackson also
informed the Board that Champions Club is doing very well, exceeding target
cost recovery of 67% at 83%. She noted over 3,580 active memberships as of
the date of the meeting.
ii. Sales Tax Report
2
September 26, 2023 CEDC Minutes
Board Treasurer Sharen Jackson presented the Board with the most recent
sales tax data. She stated that the most recent sales tax collections for the
month of July 2023 are flat, reflecting a 0.82% increase from the previous year.
She noted that she does anticipate ending the fiscal year higher than budgeted,
and as of the date of the meeting, revenue collections are 6.5% above budget.
b. Economic and development activity report
Director of Economic Development and Tourism Daniel Cortez provided the Board
with an update regarding Carillon Parc.
6. Adjourn
Board President Martin Schelling adjourned the meeting at 7.00 p.m.
Martin Schelling, Board President
Community Enhancement and Development Corporation Board
0-.w
Craig Sturtevant, Board Secretary
Community Enhancement and Development Corporation Board