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2023-10-24 CEDC agendaCITY OF SOUTH LADE TEXAS COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION MEETING TUESDAY, OCTOBER 24, 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 September 26, 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 reaardina economic development neaotiations Discuss the terms and conditions of an economic development incentive oroaram - 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. Economic Development: a. Review the results of the 2023 Business Climate Survey b. Quarterly Economic and Hospitality Reports 5. The Marq a. Consider approval of funding for an annual agreement with Regent Services (Southlake Leasing) for janitorial services at The Marq Southlake in an amount not to exceed $170,500. b. Consider approval of funding annual paint expenses with Davidson Reconstruction Inc. in an amount not to exceed $100,000. c. Consider approval of funding with Texas Air Systems for pool heater replacements in an amount not to exceed $135,000. d. Consider approval of funding for the purchase of capital equipment and maintenance services from Sunbelt Pools in an amount not to exceed $212,000. e. Consider approval of funding for the purchase of capital equipment from Marathon Fitness in an amount not to exceed $112,000. CITY OF SOUTH LADE TEXAS f. Consider approval of funding for the purchase of capital equipment from Advanced Fitness in an amount not to exceed $62,000. g. Consider approval of funding for the purchase of capital equipment from Ford Audio -Video Systems LLC, in an amount not to exceed $890,684. 6. Staff reports: a. Financial reports The Marq Southlake financial highlights and membership sales report Sales tax report b. Economic and development activity report 7. 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, So u��i�i4%, Texas on Friday, October 20, 2023, by 6:00 p.m., pursuant to Chapter 551 of the`���"%ent Code. Veronica Lomas, TjF_MC ;cam Deputy City SectgtaN. •; �, If you plan to attend%J *dttin!;�d&id have a disability that requires special needs, please advise the City Secretary 48 hNW YP advance at 817-748-8016, and reasonable accommodations will be made to assist you.