Those who wish to speak may fill out a form or email the City Secretary prior to the meeting.
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 March 2023. Also included is a preliminary line-item budget report and balance sheet for April 2023.
RECOMMENDATION
Accept the monthly revenue and expenditure report for the period ending March 31, 2023.
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.
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 and consider approval of the goals and objectives of the Type B Corporation.
BACKGROUND
As required by Texas Local Government Code, a Type B corporation shall hold at least one public hearing on a proposed project before spending money to undertake the project.
OVERVIEW
On March 16, 2023, the Sachse Economic Development Corporation authorized the City Manager as Executive Director of the EDC to negotiate and execute an economic development agreement on behalf of the EDC with Milli's Donuts LLC.
On March 20, 2023, the Sachse City Council authorized the City Manager to negotiate and execute an economic development agreement on behalf of the City of Sachse with Milli's Donuts LLC.
POLICY CONSIDERATION
The Economic Development Policy (Resolution 3387) states that "the City and the SEDC may, notwithstanding this policy, provide economic development incentives and/or establish economic development programs on a case-by-case basis that promote economic development, create employment opportunities, increase sales tax and property tax revenue."
RECOMMENDATION
Conduct a public hearing for an infrastructure project for Milli’s Donuts LLC generally located along Miles Road and Rosewood Lane in Sachse, Texas.
BACKGROUND
As required by Texas Local Government Code, a Type B corporation shall hold at least one public hearing on a proposed project before spending money to undertake the project.
OVERVIEW
On March 16, 2023, the Sachse Economic Development Corporation authorized the City Manager as Executive Director of the EDC to negotiate and execute an economic development agreement on behalf of the EDC with SB Sachse, LTD.
On March 20, 2023, the Sachse City Council authorized the City Manager to negotiate and execute an economic development agreement on behalf of the City of Sachse with SB Sachse, LTD.
POLICY CONSIDERATION
The Economic Development Policy (Resolution 3387) states that "the City and the SEDC may, notwithstanding this policy, provide economic development incentives and/or establish economic development programs on a case-by-case basis that promote economic development, create employment opportunities, increase sales tax and property tax revenue."
RECOMMENDATION
Conduct a public hearing for an infrastructure project for SB Sachse, LTD. generally located along Murphy Road and Blackburn Road in Sachse, Texas.