2025-05-27 CEDC MeetingCITY OF
SOUTH LADE
TEXAS
COMMUNITY ENHANCEMENT & DEVELOPMENT CORPORATION MEETING
TUESDAY, MAY 27, 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 March 25, 2025, Community Enhancement and
Development Corporation meeting
3. Economic Development:
a. Review and provide feedback on the draft 2025 Business Climate Survey framework
4. Staff reports:
a. Financial reports
The Marq Southlake financial highlights and membership sales report
Sales tax report
b. Economic and development activity report
5. Adjourn
A quorum of the City Council, board, commission, or committee may or may not be present at
this meeting.
CERTIFICATE
I hereby certify that the abgYetegegoa was posted on the official bulletin boards at Town Hall,
1400 Main Street, Soutl�l�k®,Friday, May 23, 2025, by 6:00 p.m., pursuant to Chapter
551 of the Texas Govel•Wm •Code..'
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If you plan to attend this meeting and 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.
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SOUTHLAKE COMMUNITY ENHANCEMENT AND DEVELOPMENT CORPORATION
BOARD MEETING MINUTES: Tuesday, May 27, 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, Vice President Mike Pazera,
Board Secretary Craig Sturtevant, Bob Mundlin, Jeff Wang, and Eric 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, and Champions Club Operations
Manager Amy Bennett
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 March 25, 2025, Community
Enhancement and Development Corporation meeting:
A motion was made to approve the minutes from the March 25, 2025, CEDC meeting.
Motion: Pazera
Second: Mundlin
Ayes: Schelling, Pazera, Sturtevant, Mundlin, E. Wang
Nays: None
Abstain: J. Wang
Vote: 5-0-1
Motion Carried —APPROVED
3. Economic Development
a. Review and provide feedback on the draft 2025 Business Climate Survey
framework
Director of Economic Development & Tourism Daniel Cortez presented the draft
2025 Business Climate Survey including the following proposed modifications to
the survey:
Tuesday May 27,2025 CEDC Minutes
• Leveraging the use of volunteers to obtain an improved participation rate
• Shifting the survey to biennial occurrence
• Beginning the survey in late summer
Director Cortez also inquired with the Board to provide any suggestions or
proposed changes to him directly if any ideas occur in the future for improvements
to the survey.
4. Staff Reports
a. Financial Reports
i. The Marq Southlake financial highlights and membership sales report.
Chief Financial Officer and Board Treasurer Jackson presented the Board with
the most recent month's The Marq financial highlights and membership sales
report.
•
CFO Jackson advised that cost recovery metrics are meeting or exceeding
targets. Membership levels are trending slightly lower than projected, about
5% lower; however, revenues remain near projections due to the types of
memberships that remain active. She also noted that over the summer staff
will be modifying future projections for memberships for the upcoming year,
but we also anticipate gaining memberships over the summer due to past year
trends.
ii. Sales Tax report
Chief Financial Officer and Board Treasurer Jackson updated the Board with
current sales tax trends noting that we are currently above budget for the year.
She stated we're seeing a 5.4% increase over last year for revenue in the
month of March but factoring in the audit adjustments we're closer to a 3.5%
to 4% over last year. She also informed the board that retail, department
stores, and restaurants are the highest revenue generators.
b. Economic and Development Activity Report
Director of Economic Development & Tourism Daniel Cortez updated the Board
on the status and upcoming budget request for the City's business recruitment
program. He stated the program was on hold for a few months earlier in the year
with it recommencing recently.
He also provided updates to the status of the development projects being
proposed along State Highway 114, south of Dove Road, and east of North White
Chapel Boulevard.
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Tuesday May 27,2025 CEDC Minutes
5. Adjourn:
Board President, Martin Schelling, adjourned the meeting at 6:35 p.m.
•
Martin Schelling, Board President
Community Enhancement and Development Corporation Board
Craig Sturtevant, Board Secretary
Community Enhancement and Development Corporation Board
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