[00:00:04]
[I. CALL TO ORDER]
MONDAY, OR I'M SORRY, IT'S TUESDAY, JANUARY 17TH, 2023.AND THIS IS THE REGULAR MEETING OF THE BENBROOK ECONOMIC DEVELOPMENT COURSE CORPORATION.
AND I CALL THE MEETING TO ORDER AT THIS TIME.
UM, AT THIS TIME BEFORE WE ACTUALLY GET STARTED OUT, TO WELCOME TWO NEW MEMBERS TO OUR BOARD, UM, KRISTEN MELTON AND PHYLLIS HARKINS.
THEY'VE BEEN SWORN IN, SO THEY'RE DULY MEMBERS OF THE BOARD AT THIS TIME.
[II. CITIZEN’S PUBLIC FORUM]
OUR NEXT ORDER, UM, OUR FIRST ORDER OF BUSINESS IS CITIZENS PUBLIC FORUM.IF THERE'S ANY CITIZENS WISHES TO MAKE A COMMENT ON ANY AGENDA ITEM, THIS IS THEIR OPPORTUNITY.
THEY'RE NOT TO HAVE ANY TONIGHT, SO WE'LL
[III. ACTION ITEMS]
MOVE RIGHT ON TO THE NEXT, UH, AGENDA ITEM, WHICH IS ACTION ITEMS. OUR FIRST, UM, ACTION ITEM TONIGHT IS TO APPROVE THE DECEMBER 12TH, 2022 REGULAR BOARD MEETING MINUTES.THE BOARD HAS HAD AN OPPORTUNITY TO REVIEW THOSE MINUTES, AND IF THERE ARE NOT ANY QUESTIONS, I'LL UH, BE LOOKING FOR A MOTION TO APPROVE THOSE MINUTES.
MR. CASEY, UH, I'LL MAKE A MOTION TO APPROVE THE MEETING MINUTES FROM DECEMBER 12TH, 2022 AS UH STATED.
WE HAVE A MOTION AND IS THERE A SECOND, MR. LINDSAY? I SECOND THE MOTION.
WE HAVE A MOTION IN A SECOND AND WE'LL GO AHEAD AND PROCEED WITH THE VOTE AND THE MINUTES ARE APPROVED AS WRITTEN.
THE NEXT ITEM I ACTION, MADAM TONIGHT, IS TO APPROVE THE DESIGN CONCEPT FOR THE RUSSELL FEED CORNER BEAUTIFICATION PROJECT.
AND AT THIS TIME, I'LL HAND THIS OVER TO, UM, UH, OUR DIRECTOR, MS. JAMES FOR A STAFF PRESENTATION.
IN 2020, THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION APPROVED A DEVELOPMENT PERFORMANCE AGREEMENT WITH KENNEL ROUGH, WITH KENNE, AN EFFORT TO ASSIST MR. RUSSELL FOR HIS CURRENT EXISTING SITE.
AS PART OF THE AGREEMENT, THIS, THE CITY ALSO SOLD MR. RUS GARDEN, MERCEDES, THIS AGREEMENT, A THOUSAND SQUARE FEET OF PROPERTY DIRECTLY IN THE FRONT OF HIS STORE IN ORDER TO SHOWCASE PUBLIC ART AND GRANDING ELEMENTS FOR THE, THIS AGREEMENT WAS APPROVED BY THE BOARD AND CITY COUNCIL.
FURTHERMORE, IN 2020 BOARD AND CITY COUNCIL ALSO APPROVED FUNDS FOR BEAUTIFICATION AFTER LONG BENBROOK BOULEVARD.
THIS INCLUDED, UH, HARDSCAPING AND LANDSCAPING ELEMENTS IN FRONT OF MR. DURING THE FYI 2021 OR 2122 BUDGET PROCESS.
A PUBLIC HEARING WAS HELD IN THE BEDC WITH THE CITY COUNCIL OF THE BEAUTIFICATION PROJECT, ESSENTIALLY DUE TO BEING BUILT DUE TO, UH, THE SUPPLY CHAIN.
UM, SO THE REMAINING FUNDS OF THE INITIAL APPROVED BUDGET WAS 332,000 CITY COUNCIL.
HOWEVER, THE FUNDS WERE NOT ABLE TO BE USED IN 24, WAS NOT COMPLETED.
AND AGAIN, THAT'S PART OF THE AGREEMENT.
SO, UH, THE BUILDING COMPLETION DELAY WAS ANTICIPATED IN 21.
BY 2223 PROCESS, THE BOARD AGAIN, OF A HEARING WAS HELD AND THE BOARD, AS WELL AS CITY COUNCIL, UH, APPROVED THE BUDGET, INCLUDING THAT $332,279.
SO AT THIS TIME, YES, UM, THAT IS PROPOSING YIELD THAT MR. RUSSELL WILL BE, THERE WILL BE THAT WILL, UH, HOUSE, UH, CITY INFORMATION CLOSING.
SO IN ADDITION, YOU'LL SEE THAT, YOU'LL SEE THAT THAT BENCH WILL STAY IN
[00:05:06]
THE, UM, BRONZE STATUE AS COURT IS TO APPROVE, UH, THIS CONCEPT.THEN, UH, WE'LL GET STARTED ON THIS IMMEDIATELY.
THERE WILL BE A DELAY THAT I'LL BE HAPPY TO ANSWER ANY QUESTIONS YOU MIGHT HAVE.
ARE THERE ANY QUESTIONS FOR MS. JAMES? IF THERE ARE NO QUESTIONS, I'LL BE LOOKING FOR A MOTION TO APPROVE THE HARDSCAPING DESIGN.
ACKELL
UM, MR. AGUIAR, I SECOND THAT MOTION.
OKAY, WE HAVE A MOTION AND A SECOND AND WE'LL PROCEED WITH THE VOTE AND THE MOTION IS
[IV. DIRECTOR’S REPORT]
APPROVED.NEXT DOOR OF BUSINESS TONIGHT WILL BE A DIRECTOR'S REPORT AND FOR OUR MONTHLY FINANCIAL REPORT FOR THE PERIOD ENDING NOVEMBER 14TH, 2022, I'LL HAND IT BACK OVER TO, UM, MS. JAMES.
SO THIS IS, UH, THE FINANCIALS ENDING IN SALES TAX REVENUE FOR THE TOTAL CALENDAR YEAR TO, FOR LIQUID ASSETS.
YOU'LL SEE THAT YOUR CHECKING ACCOUNT $901, THAT DOES INCLUDE THE INTEREST.
IN ADDITION, YOU ARE
DISCUSSED, YOU HAD YOUR SALES TAX REVENUE EARNED.
YOU ALSO HAD THE INTEREST, WHICH INCLUDES THAT INTEREST INCLUDES YOUR CD, YOUR CHECKING ACCOUNT ALSO HAD AN INDUSTRIAL SIGN PAYMENT DOLLARS.
THAT IS THE SIGN THAT THE OWNS, THAT, THAT MEANS YOUR TOTAL EXPENDITURES FOR THE MONTH.
TOTAL OPERATING EXPENSES OF PROJECT BALANCE, OPERATING EXPENSE, OVERALL FUND BALANCE.
YOU HAVE THE LIQUID ASSETS THERE OF SIX 5,000,500 THE BOARD MIGHT HAVE.
UM, DOES THE BOARD HAVE ANY QUESTIONS CONCERNING THE FINANCIAL REPORT FOR MS. JAMES?
[00:10:01]
MR. CASEY, I, I HAD ONE QUESTION.COULD YOU GO BACK TO THE DECEMBER SALES TAX FIGURE? I THINK IN OUR MATERIAL THE FIGURE DIFFERED JUST SLIGHTLY.
WE HAVE 1 62, 6, 6 9, 15 CENTS, JUST $30 DIFFERENCE.
BUT
OKAY, MR. CASEY, ANYTHING ELSE? NO, SORRY.
[V. EXECUTIVE SESSION]
NEXT DOOR.OUR BUSINESS TONIGHT WILL BE AN EXECUTIVE SESSION, AND AT THIS TIME, I, KENT WILLIAMS DECLARE THAT THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION WILL NOW HOLD A CLOSED EXECUTIVE MEETING PURSUANT TO THE PROVISIONS OF THE OPEN MEETINGS LAW OF CHAPTER 5 5, 1 TEXAS GOVERNMENT CODE IN ACCORDANCE WITH THE AUTHORITY CONTAINED IN SECTION 5 5 1 0.072 DELIBERATIONS REGARDING RAIL PROPERTY.
EXECUTIVE SESSIONS ARE NOT OPEN TO THE PUBLIC PERSONS REVEALING EXECUTIVE SESSION INFORMATION ARE PERSON TO PENALTY UNDER TEXAS LAW.
AT THIS TIME, WE WILL MOVE TO THE CONFERENCE ROOM.
FOLLOWING THE EXECUTIVE SESSION.
WE WILL RETURN TO THE, UM, COUNCIL FORUM BEFORE WE ADJOURN.
[VI. RECONVENE INTO OPEN SESSION]
WELCOME BACK, EVERYBODY.I'LL CALL THE REGULAR MEETING BACK INTO SESSION.
[VII. TAKE ANY NECESSARY OR APPROPRIATE ACTION AS A RESULT OF CLOSED EXECUTIVE SESSION]
SESSION.[VIII. ADJOURNMENT]
REQUIRED.SO AT THAT TIME, UH, AT THIS TIME, I'LL FORMALLY, UM, ADJOURN THE REGULAR MEETING OF THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION AT 8 55.
THANK YOU VERY, VERY MUCH, VERY MUCH, AND HAVE A GOOD MONTH.