A. Regular Meeting Opening
Subject
1. Call to Order: The Board of Directors of the Economic Development Corporation of the City of Sachse will hold a Regular Meeting at 6 p.m. on Thursday, April 20, 2023, to consider the following items of business:
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Procedural
A. Regular Meeting Opening
Subject
2. Invocation and Pledge of Allegiance to the U.S. and Texas Flags.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Procedural
B. Public Comment
Subject
1. The public is invited to address the Board regarding any topic not already on the agenda. The time limit is 3 minutes per speaker. A Public Comment Card should be presented to the acting Secretary prior to the meeting. According to the Texas Open Meetings Act, the Board is prohibited from discussing any item not posted on the agenda but will take comments under advisement.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Information, Procedural

Those who wish to speak may fill out a form or email the City Secretary prior to the meeting.

C. Consent Agenda - All items listed on the consent agenda will be considered by the Board and will be enacted on by one motion. There will be no separate discussion of these items unless a Board member so requests.
Subject
1. Approve the March 16, 2023, meeting minutes.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Action (Consent), Minutes
Recommended Action
Approve the March 16, 2023, meeting minutes.
Minutes
View Minutes for Mar 16, 2023 - Economic Development Corporation Meeting
All items listed on the consent agenda will be considered by the Board and will be enacted by one motion. There will be no separate discussion of these items unless a Board member so requests.
Motion & Voting
Approve the March 16, 2023, meeting minutes.

Motion by Jim Mason, second by Scott McMurdie.
Final Resolution: Motion Carries
Yes: Marcia Harris-Daniel, Teddy Kinzer, Mark Potter, Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze
C. Consent Agenda - All items listed on the consent agenda will be considered by the Board and will be enacted on by one motion. There will be no separate discussion of these items unless a Board member so requests.
Subject
2. Accept the monthly revenue and expenditure report for the period ending February 28, 2023.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Action (Consent)
Recommended Action
Accept the monthly revenue and expenditure report for the period ending February 28, 2023.
Goals
Be a model of financial stewardship through growth management, responsible investment, and financial transparency.

BACKGROUND

The Sachse Economic Development Corporation's Treasurer prepares a report each month to update the Board concerning the current year's budget monitoring. This month's report consists of the summary report presented to the City Council covering February 2023. Also included is a preliminary line-item budget report and balance sheet for March 2023.

 

RECOMMENDATION

Accept the monthly revenue and expenditure report for the period ending February 28, 2023.

All items listed on the consent agenda will be considered by the Board and will be enacted by one motion. There will be no separate discussion of these items unless a Board member so requests.
Motion & Voting
Approve the March 16, 2023, meeting minutes.

Motion by Jim Mason, second by Scott McMurdie.
Final Resolution: Motion Carries
Yes: Marcia Harris-Daniel, Teddy Kinzer, Mark Potter, Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze
D. Regular Agenda Items
Subject
1. Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest; special events; announcements and activities; office, industrial, commercial, or retail business retention; and marketing projects.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Discussion, Information
Goals
Make Sachse more prosperous through job creation and quality development that adds community value.

BACKGROUND

Announcements are made at this time for informational purposes only.

 

POLICY CONSIDERATION

There are no policy considerations affiliated with this item.

 

RECOMMENDATION

Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest; special events; announcements and activities; office, industrial, commercial, or retail business retention; and marketing projects.

D. Regular Agenda Items
Subject
2. Discuss the goals and objectives of the Type B Corporation.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Discussion, Information
Goals
Make Sachse more prosperous through job creation and quality development that adds community value.

BACKGROUND

In 2021 the Sachse EDC and City Council each adopted the goals and objectives for the Economic Development Corporation. 

 

OVERVIEW

The Sachse EDC and City Council held a joint meeting on January 12, 2023, where the adopted goals and objectives of the Economic Development Corporation were discussed. An outcome of this discussion was that the EDC Board needed to review the existing priority list and consider reprioritizing goals now that time has passed since initial adoption.

 

POLICY CONSIDERATION

There are no policy considerations affiliated with this item.

 

RECOMMENDATION

Discuss the goals and objectives of the Type B Corporation.

E. Executive Session
Subject
1. The Sachse Economic Development Corporation shall convene into Executive Session pursuant to Texas Government Code Section ยง551.087: Deliberation regarding Economic Development Negotiations: Discussion of an Economic Development incentive for Bunker Hill Retail, LLC for a project generally located along Bunker Hill Road and Miles Road and for retail or commercial business projects seeking to locate within the City of Sachse.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Closed Session
F. Regular Items / Meeting Closing
Subject
1. Take action as a result of executive session: Consider authorizing the City Manager as Executive Director of the EDC to negotiate and execute an economic development agreement on behalf of the EDC with Bunker Hill Retail, LLC for a project generally located along Bunker Hill Road and Miles Road, and any amendments and instruments related thereto.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Action, Discussion
Recommended Action
Authorize the City Manager as Executive Director of the EDC to negotiate and execute an economic development agreement on behalf of the EDC with Bunker Hill Retail, LLC for a project generally located along Bunker Hill Road and Miles Road, and any amendments and instruments related thereto.
Motion & Voting
Authorize the City Manager as Executive Director of the EDC to negotiate and execute an economic development agreement on behalf of the EDC with Bunker Hill Retail, LLC for a project generally located along Bunker Hill Road and Miles Road, and any amendments and instruments related thereto.

Motion by Richard Chandler, second by Chinelo Nwanze.
Final Resolution: Motion Carries
Yes: Marcia Harris-Daniel, Teddy Kinzer, Mark Potter, Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze
F. Regular Items / Meeting Closing
Subject
2. Adjournment.
Meeting
Apr 20, 2023 - Economic Development Corporation Meeting
Type
Procedural