2023-07-31 CEDC Minutes •
• CITY OF
SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: July 31, 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 Secretary Craig
Sturtevant, Bob Mundlin, Eric Wang, and Jeff Wang
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD
MEMBERS ABSENT: Board Vice President Mike Pazera, and Jennifer Kolb
STAFF PRESENT: Director of Economic Development &Tourism Daniel Cortez, Deputy
Director of Community Services David Miller, Recreation Manager Ryan McGrail,
Assistant Recreation Manager Amy Bennett, Tourism Marketing Manager Hillary Cromer,
Hospitality & Sales Manager Crystal Maddalena, 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 June 21, 2023 Community
Enhancement and Development Corporation meeting
A motion was made to approve the minutes from the June 21, 2023 meeting.
Motion: Sturtevant
Second: Mundlin
Ayes: Schelling, Mundlin, Sturtevant, J. Wang, E. Wang
Nays: None
Abstain: None
Vote: 5-0-0
Motion Carried —APPROVED
3. Consider approval of the amended FY 2023 Southlake Community
Enhancement and Development Corporation Operating Budget and adoption of
July 31, 2023 CEDC Minutes
the Fiscal Year FY 2024 Southlake Community Enhancement and Development
Corporation Operating Budget and Capital Improvement Plan
Deputy Director of Community Services David Miller provided the Board an overview
of the FY 2024 Community Enhancement and Development Corporation Operating
budget and Capital Improvement Plan. No new Economic Development items were
requested for FY 2024.
A motion was made to approve the FY 2024 Community Enhancement and
Development Corporation Operating budget and Capital Improvement Plan.
Motion: J. Wang
Second: Sturtevant
Ayes: Schelling, Mundlin, Sturtevant, J. Wang, E. Wang
Nays: None
Abstain: None
Vote: 5-0-0
Motion Carried —APPROVED
4. Economic Development
a. Quarterly Economic and Hospitality Reports
Economic Development Specialist Stephanie Bernard and Tourism Marketing
Manager Hillary Cromer provided the Board with a brief overview of the Quarterly
Economic and Hospitality Reports.
5. Staff Reports
a. Financial Reports
i. The Marq Southlake financial highlights and membership sales report
Assistant Recreation Manager Amy Bennett and Hospitality & Sales Manager
Crystal Maddalena provided information about Champions Club and Legends
Hall membership trends and revenue. Mrs. Maddalena informed the Board that
Legends Hall is exceeding the target cost recovery at just under 52% with an
annual goal of 33%. She noted that as of the date of the meeting, Legends Hall
had completed 200 events in FY 2023, last year at this time 168 events were
completed. Currently there are 39 events on the books for the remainder of the
fiscal year. Mrs. Bennett informed the Board that Champions Club is at just
under 80% cost recovery with a target of 67%. Champions Club continues to
see increases in memberships, with 3,580 as of the date of the meeting. She
noted over the course of the year, Champions Club has seen a net growth of
12.3% in memberships.
ii. Sales Tax Report
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• July 31, 2023 CEDC Minutes
Deputy Director of Community Services David Miller presented the Board with
the most recent sales tax data. He stated most recent sales tax collections for
sales in the month of May 2023 show a 1.16% increase from the previous year.
He noted that Board Treasurer Sharen Jackson said this was due to an audit
adjustment in our favor and without this adjustment sales would reflect a 4%
decrease compared to the same time last year. He stated Board Treasurer
Sharen Jackson anticipates CEDC projected budgeted collections to be met by
the end of the fiscal year but remain flat.
b. Economic and development activity report
Director of Economic Development and Tourism Daniel Cortez provided the Board
with an update on recognition the department is receiving from the International
Economic Development Council for the Select Southlake Website. Recognition will
occur at the IEDC annual conference in September.
6. Adjourn
Board President Martin Schelling adjourned the meeting at 6:43 p.m.
artin Schelling, Board President
Community Enhancement and Development Corporation Board
Crai turtevant, Board Secretary
Community Enhancement and Development Corporation Board
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