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, June 22, 2023, to consider the following items of business:
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Procedural
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A. Regular Meeting Opening
Subject
2. Invocation and Pledge of Allegiance to the U.S. and Texas Flags.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Procedural
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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
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Information, Procedural
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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 May 9, 2023, Joint City Council / EDC meeting minutes.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Action (Consent), Minutes
Recommended Action
Approve the May 9, 2023, Joint City Council / EDC meeting minutes.

BACKGROUND

Minutes from the May 9, 2023, Joint City Council / EDC meeting.

 

POLICY CONSIDERATION

There are no policy considerations affiliated with this item.

 

RECOMMENDATION

Approve the May 9, 2023, Joint City Council / EDC meeting minutes.

 
File Attachments
C1. 05.09.23 Joint CC-EDC Minutes.pdf (145 KB)
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 Consent Agenda.

Motion by Teddy Kinzer, second by Mark Potter.
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. Approve the May 18, 2023, regular meeting minutes.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Action (Consent), Minutes
Recommended Action
Approve the May 18, 2023, regular meeting minutes.
Minutes
View Minutes for May 18, 2023 - Economic Development Corporation Meeting
File Attachments
C2. 05.18.23 EDC Minutes.pdf (153 KB)
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 Consent Agenda.

Motion by Teddy Kinzer, second by Mark Potter.
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
3. Accept the monthly revenue and expenditure report for the period ending April 30, 2023.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Action (Consent)
Recommended Action
Accept the monthly revenue and expenditure report for the period ending April 30, 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 April 2023. Also included is a preliminary line-item budget report and balance sheet for May 2023.

 

RECOMMENDATION

Accept the monthly revenue and expenditure report for the period ending April 30, 2023.

File Attachments
EDC April 2023.pdf (88 KB)
EDC Budget Report May 2023 Preliminary.pdf (131 KB)
EDC Balance Sheet May 2023.pdf (116 KB)
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 Consent Agenda.

Motion by Teddy Kinzer, second by Mark Potter.
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
4. Approve the Consent Agenda.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Action (Consent)
Recommended Action
Approve the Consent Agenda.
File Attachments
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 Consent Agenda.

Motion by Teddy Kinzer, second by Mark Potter.
Final Resolution: Motion Carries
Yes: Marcia Harris-Daniel, Teddy Kinzer, Mark Potter, Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze
D. Regular Items / Meeting Closing
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
Jun 22, 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.

File Attachments
D. Regular Items / Meeting Closing
Subject
2. Consider the Sachse Economic Development Corporation FY 2023-2024 Budget.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Action, Discussion
Goals
Be a model of financial stewardship through growth management, responsible investment, and financial transparency.

BACKGROUND
Staff has put together the FY 2023-2024 Economic Development Corporation budget to be consistent with the strategic goals and objectives of the Board.

OVERVIEW
Each year the EDC Board must approve an annual budget for the following fiscal year.

POLICY CONSIDERATION
Approval of the proposed budget by the EDC Board is necessary for it to be included in the overall City of Sachse Budget and then to be approved by Ordinance of the City Council.

RECOMMENDATION
Approve the Sachse Economic Development Corporation FY 2023-2024 Budget.

File Attachments
EDC - Base Budget Analysis.pdf (136 KB)
D. Regular Items / Meeting Closing
Subject
3. Hold a discussion regarding a local business grant program.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Discussion, Information
Goals
Make Sachse more prosperous through job creation and quality development that adds community value.

BACKGROUND
The Sachse Economic Development Corporation budget contains an account code for a Local Business Grant Program. The purpose of this agenda item is to have a policy discussion about this program. On November 17, 2022, the Board held a discussion about small business grants and local business grants. No action was taken during that meeting.

OVERVIEW
During the FY 2023 budget planning and approval process, money was not specifically allocated to the local business grant account code as staff wanted first to receive policy direction from the Economic Development Corporation. 

POLICY CONSIDERATION
The EDC follows statutory requirements relative to economic development projects. Currently, there is not an active grant distribution policy for local business grants. 

RECOMMENDATION
Hold a discussion regarding a local business grant program.

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D. Regular Items / Meeting Closing
Subject
4. Adjournment.
Meeting
Jun 22, 2023 - Economic Development Corporation Meeting
Type
Procedural
File Attachments