REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, AUGUST 23, 2022 CANTON OLD CITY HALL, CEDC OFFICES 290 E. TYLER STREET, CANTON, TEXAS  MINUTES  The Board of Directors of the Canton Economic Development Corporation (CEDC) attended a regular meeting at the above-mentioned date and time. CEDC Board members present included: President Kevin Deibert, 1st Vice Chair DeAnne Callan, Thomas Beckham, Larry Morgan and Justin Richard. CEDC Staff attending was Assistant Director Megan Mitchell, and Marketing Coordinator Austin Melton. City Staff attending was Director of Operations Peter Lamont. Not in attendance was, 2nd Vice Chair Corley Ragle, Joe Zoubi, Executive Director  Stacy Crossley ex-officio Lou Ann Everett, Lonny Cluck.  1. Call to Order and Announce a Quorum - President Kevin Deibert called the meeting  too order and announced a quorum present at 5:30 pm  2. Invocation - Not given 3. Pledge of Allegiance - Not done 5. Public Comments - None  4. Declarations Regarding Conflicts of Interest - None  CONSENT AGENDA  6. Consider Action Regarding Minutes of July 20, 2022 & July 26, 2022, Meetings 7. Consider Action Regarding July 2022 Financial Statements & 2022 2nd Quarter Motion to approve the Minutes of. July 20, 2022 & July 26, 2022, the July 2022 Financial Statements & the 2022 2nd Quarter Investment Report was made by Larry Morgan. The Motion was seconded by Thomas Beckham, all voted in favor and the  Investment Report  motion passed unanimously.  ITEMS FOR INDIVIDUAL CONSIDERATION  8. Public Hearing and Consider Adoption of Resolution No. 2022-04 Adopting the Canton Economic Development Corporation budgets for fiscal year beginning October 1, 2022 and ending September 30, 2023, which included the following programs and projects: retail, commercial and industrial recruitment, business retention and expansion programs, services and incentives; vacant building improvement grants; downtown infrastructure, beautification and redevelopment projects and incentives; land acquisition and improvement projects; professional service contracts for annual audit, business services and studies, retail, commercial and industrial marketing and recruitment services; community projects, parks and trails projects, and local and regional marketing programs - Motion to adopt Resolution No. 2022-04 for adoption of the Canton Economic Development    Corporation budgets for fiscal year beginning October 1, 2022 and ending September 30, 2023 was made by. Justin Richard. The motion was seconded by Thomas Beckham, all voted in favor and the motion passed unanimously. 9. Annual Review and Consider Adoption of Resolution No. 2022- 05 Adopting the CEDC's Investment Policy Motion to adopt Resolution No. 2022- 05 for adopting the CEDC's Investment Policy was made by Thomas Beckham. The Motion was seconded by Larry Morgan, all voted in favor and the motion passed unanimously. 10. Updates and Community Announcements - Peter Lamont reported that the lakes are 11. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton reported that 13k had been spent on marketing efforts to reach 1.3mil on Facebook and 600k on Instagram. Austin also reported that time was spent over the last month launching a new TikTok campaign in an effort to reach the younger audiences. The new campaign reached almost 135k views. 12. Canton Main Street Reports and Consider Any Action Related Thereto = Megan  full due to the recent rains, with a rise of almost a foot.  Mitchell A  Megan Mitchell reported on current downtown projects which included new fall banners, new historical markers, and efforts to organize a new crosswalk art project. Megan also reported that the Street Dance was a huge success, and that planning was well underway for the upcoming Autumn Festival. Downtown business development activity included the sale of the Bella Salon to one ofi its stylists. The name of the solan will soon be changed to Monroe D. Certificates of Appropriateness were approved for Monroe & Co for a sign 13. Executive Director's Report and Consider Any Action Related Thereto - Peter  B.  &Co.  and painting of the trim around the door.  Lamont  A. Peter Lamont reported on current CEDC projects which included efforts to get the flood plain classification of the CEDC American National Bank property reversed, the City Council's termination of the performance agreement with H.B.I.C. LLC and the approval of the amended Main Street Design Guidelines. Peter also reported that the new C-Store development was having a difficult time receiving the reports that would confirm the employment of at least 15 people as required in the current pertormance agreement. The owner oft the C-Store asked if they could instead provide weekly work schedules for employees. The Board agreed unanimously that this documentation would be  acceptable until better records could be provided.  B. CEDC business administration updates included recent Chamber of Commerce administration changes, HOTTAX delinquency collections and  ongoing training for CEDC staff.  C. Local development activity included CO's issued to the Chamber of  Commerce, 4-D Texas Holdings, Junior and High School expansions. CO's under review included Champion Car Wash, Contraband tattoo and Monroe &    Co. Commercial Permits issued to Fast Fuels C-Store, CNB, Burnett Trail and Spectrum fiber optic work on Hwy 243/64. 3 new residential CO's were also  issued.  When necessary and warranted, a closed or executive session will follow pursuant to the provision of the Texas Open Meetings Act, Chapter 551 of the Texas  Government Code, Sections 551.071.  14. Executive Session: The Board entered Executive Session at 5:50pm A. Section 551.071 - to seek legal advice from the CEDC Attorney regarding pending or contemplated litigation or to receive legal advice regarding Chapter 380 Economic Development Program Agreement and Performance Agreement by and between the City of Canton, Texas the CEDC, and HBIC, LLC.  15. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session - The Board returned to open session at 6:03pm with the following actions. 16. Consider Termination of Chapter 380 Economic Development Agreement and Performance Agreement with H.B.I.C LLC. - A motion to terminate the performance agreement between the Canton EDC and H.B.I.C LLC was made by Justin Richard. The motion was seconded by Thomas Beckham, all voted in favor and the motion  passed unanimously. Council Chambers  17. Items for Future Agenda - CEDC September 27th Meeting will be back at the 18. Adjourn - A motion to adjourn at 6:06pm was made by Kevin Richard. The motion was seconded by DeAnne Callan, all voted in favor and the motion passed  unanimously.    KEVIN DEIBERT, PRESIDENT  ATTEST: MEGANT  Ak