2025-02-25 CEDC MeetingCITY OF
SOUTHLAKE
TEXAS
COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION MEETING
TUESDAY, FEBRUARY 25, 2025
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 November 21, 2024 — Community Enhancement
and Development Corporation Board Meeting
3. Economic Development:
a. Commercial Site Assessments
I. Kimball Oaks
II. Carroll Pointe
4. Staff Reports:
a. FY25, Q1 Economic Development & Tourism Reports:
I. FY25, Q1 — Economic report
II. FY25, Q1 — Hospitality report
III. FY25, Q1 — Events report
IV. Southlake Open Rewards program update
b. Financial Reports:
I. The Marq Southlake financial highlights and membership sales report
11. Sales Tax report
c. Economic Development Activity Report
5. 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, South l�ke,�� lexq on Friday, February 21, 2025, by 6:00 p.m., pursuant to
Cha er 551 of the Tex�� % � i�fMr�rfi✓• ode.
o<
AL2:� iu
Amy he ley, C s '
City S retary
If you plan to attend this R69titkManlY have a disability that requires special needs, please advise
the City Secretary 48 hours in advance at 817-748-8016, and reasonable accommodation will be
made to assist you.
Page 1 of 1
CIT'I` OF
SOUTHLAKE
TEXAS
SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: Tuesday, February 25, 2025
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
Member, Bob Mundlin
Member, Jeff Wang
Member, Eric Wang
COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION BOARD
MEMBERS ABSENT:
Board Vice President, Mike Pazera
STAFF PRESENT:
Chief Financial Officer, Sharen Jackson
Deputy Director of Economic Development & Tourism, Robert Briggs
Deputy Director of Community Services, Ryan McGrail
Economic Development and Tourism Specialist, Dylan Duque
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 November 21, 2024, Community
Enhancement and Development Corporation meeting:
A motion was made to approve the minutes from the November 21, 2024, CEDC
meeting.
Motion: J. Wang
Second: C. Sturtevant
Ayes: M. Schelling, Bob Mundlin
Nays: None
Abstain: Eric Wang
Vote: 4-0-1
Motion Carried —APPROVED
Tuesday February 25, 2025 CEDC Minutes
CFO Jackson advised that membership levels are trending alike to the past
couple of years and overall the operation is performing well and that Legends
Hall has been performing better than anticipated, with an influx of smaller
events using the space.
ii. Sales Tax report
CFO Sharen Jackson presented the Board with an updated Sales Tax Report
advising the Board the December sales tax data was in and showing 7% better
than the previous year. CFO Jackson added that, after an expected audit
adjustment, this will likely be reduced to around 1%.
c. Economic Development Activity Report:
Deputy Director Briggs provided the Board with an update to economic
development activity within the City, including a report of recent permitting and
City Council actions citing an overall valuation impact of$86,929,623 in FY25, Q1
despite the typical development slowdown observed through the holiday season.
5. Adjourn:
Board President, Martin Schelling, adjourned the meeting at 6:40 p.m.
Martin Schelling, Board President
Community Enhancement and Development Corporation Board
Craig Sturtevant, Board Secretary
Community Enhancement and Development Corporation Board
3