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 on Thursday, November 16, 2023, at 6 p.m. to consider the following items of business:
Meeting
Nov 16, 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
Nov 16, 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
Nov 16, 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 September 21, 2023, meeting minutes.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action (Consent), Minutes
Recommended Action
Approve the September 21, 2023, meeting minutes
Minutes
View Minutes for Sep 21, 2023 - Economic Development Corporation Meeting
File Attachments
09.21.23 EDC Minutes.pdf (133 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 Chinelo Nwanze, second by Jim Mason.
Final Resolution: Motion Carries
Yes: Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze, Alan Bell, Chris Decker, Joshua Frick
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 August 31, 2023.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action (Consent)
Recommended Action
Accept the monthly revenue and expenditure report for the period ending August 31, 2023.

BACKGROUND

The Sachse Economic Development Corporation's (EDC) 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 EDC report presented to the City Council covering August 2023. Also included is a preliminary line-item report and balance sheet for September 2023.

 

RECOMMENDATION

Accept the monthly revenue and expenditure report for the period ending August 31, 2023.

File Attachments
EDC August 2023.pdf (88 KB)
EDC Budget Report September 2023 Preliminary.pdf (132 KB)
EDC Balance Sheet September 2023.pdf (79 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 Chinelo Nwanze, second by Jim Mason.
Final Resolution: Motion Carries
Yes: Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze, Alan Bell, Chris Decker, Joshua Frick
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 September 30, 2023.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action (Consent)
Recommended Action
Accept the monthly revenue and expenditure report for the period ending September 30, 2023.

BACKGROUND

The Sachse Economic Development Corporation's (EDC) 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 EDC report presented to the City Council covering September 2023. Also included is a preliminary line-item report and balance sheet for October 2023.

 

RECOMMENDATION

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

File Attachments
EDC September 2023.pdf (90 KB)
EDC Balance Sheet October 2023.pdf (79 KB)
EDC Budget Report October 2023 Preliminary.pdf (134 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 Chinelo Nwanze, second by Jim Mason.
Final Resolution: Motion Carries
Yes: Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze, Alan Bell, Chris Decker, Joshua Frick
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
Nov 16, 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 Chinelo Nwanze, second by Jim Mason.
Final Resolution: Motion Carries
Yes: Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze, Alan Bell, Chris Decker, Joshua Frick
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
Nov 16, 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 Agenda Items
Subject
2. Conduct a public hearing for the approval of funding in the amount of $100,000 for the SEDC Local Business Grant Program.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Information

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

At its meeting on August 17, 2023, the Sachse Economic Development Corporation approved the Local Business Grant Program. On September 18, 2023, City Council adopted the budget for fiscal year beginning October 1, 2023, and ending September 30, 2024. The adopted budget includes funding for the Local Business Grant Program. 

 

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 the approval of funding in the amount of $100,000 for the SEDC Local Business Grant Program.

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D. Regular Agenda Items
Subject
3. Consider and elect a President and Vice-President of the Economic Development Corporation Board of Directors.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action, Discussion
Preferred Date
Nov 16, 2023
Fiscal Impact
No
Recommended Action
Elect ____________________ as the President, and _________________ as Vice-President of the Economic Development Corporation Board of Directors.

BACKGROUND

All vacancies on the Sachse Economic Development Corporation Board have been filled by the City Council, and the Board shall elect a President and a Vice-President.

 

POLICY CONSIDERATIONS

There are no policy considerations associated with this item. 

 

RECOMMENDATION

Elect ____________________ as President, and _________________ as Vice-President of the Economic Development Corporation Board of Directors.

File Attachments
Motion & Voting
Elect Scott McMurdie as the President, and Richard Chandler as Vice-President of the Economic Development Corporation Board of Directors.

Motion by Chinelo Nwanze, second by Joshua Frick.
Final Resolution: Motion Carries
Yes: Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze, Alan Bell, Chris Decker, Joshua Frick
E. Executive Session
Subject
1. The Sachse Economic Development Corporation shall convene into Executive Session pursuant to Texas Government Code Section §551.087 Economic Development Deliberations: Deliberate the offer of a financial or other incentive relating to the development of Project Mockingbird.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Closed Session

 

  

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E. Executive Session
Subject
2. The Sachse Economic Development Corporation shall convene into Executive Session pursuant to Texas Government Code Section §551.087 Economic Development Deliberations: Deliberate the offer of a financial or other incentive relating to the development of Project Yosemite.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Closed Session

 

  

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E. Executive Session
Subject
3. The Sachse Economic Development Corporation shall convene into Executive Session pursuant to Texas Government Code Section §551.087 Economic Development Deliberations: Deliberate the offer of a financial or other incentive relating to the development of Project Red Fox.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Closed Session
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F. Regular Agenda Items / Meeting Closing
Subject
1. Take any action as a result of Executive Session - deliberate the offer of a financial or other incentive relating to the development of Project Mockingbird.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action,Discussion
File Attachments
F. Regular Agenda Items / Meeting Closing
Subject
2. Take any action as a result of Executive Session - deliberate the offer of a financial or other incentive relating to the development of Project Yosemite.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action, Discussion
File Attachments
Motion & Voting
Take any action as a result of Executive Session - deliberate the offer of a financial or other incentive relating to the development of Project Yosemite.

Motion by Richard Chandler, second by Chinelo Nwanze.
Final Resolution: Motion Carries
Yes: Scott McMurdie, Jim Mason, Richard Chandler, Chinelo Nwanze, Alan Bell, Chris Decker, Joshua Frick
F. Regular Agenda Items / Meeting Closing
Subject
3. Take any action as a result of Executive Session - deliberate the offer of a financial or other incentive relating to the development of Project Red Fox.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Action,Discussion
File Attachments
F. Regular Agenda Items / Meeting Closing
Subject
4. Adjournment.
Meeting
Nov 16, 2023 - Economic Development Corporation Meeting
Type
Procedural
File Attachments