CALLED MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, JULY 6, 2021 CANTON CITY HALL, CITY COUNCIL CHAMBERS 201 N. BUFFALO STREET, CANTON, TEXAS  MINUTES  The Board of Directors of the Canton Economic Development Corporation (CEDC) attended a called meeting at the above mentioned date and time. CEDC board members present included: President Kevin Deibert, 2nd Vice President Joe Zoubi, Gary Hatfield, Corley Ragle, Larry Morgan, and DeAnne Callan. Executive Director Julie Seymore and CEDC Asst. Director Stacy Crossley were also present. Not in attendance were 1st Vice President Rhita Koches and ex-  officio members Mayor Lou Ann Everett and Lonny Cluck.  1. Call to Order and Announce a Quorum - President Kevin Deibert called the meeting 2. Work Session on FY 2021 -2 2022 Proposed Budget, Programs and Projects- Mrs. Julie Seymore gave an overview oft the CEDC current budget, funds and projects we are looking to do in next year's budget: Mrs. Seymore went over the operating budget with the board and asked the board if they had any questions as well as asked if the board wanted to discuss the Retail Attraction contract with some of the board willing ton make changes and Mrs. Seymore made a note that the Bluegreen development was not considered ini this budget, none oft the board had any comments. Julie Seymore presented a proposed budget of $1,951,075 for the Canton Economic Development Fund based on income of $1,100,000 in sales tax revenue, $609,000 from the scheduled sale of property, $3800 in interest and the remainder from fund balance. Operating expenses ($306,805) were slightly lower than the FY 2020 budget, but did include salary increases. Seymore proposed a 4% COLA and 1% salary adjustment, noting the cost of living increased 5% over the past year as of May A $73,000 marketing budget was proposed, $500 less than the previous year. Kevin Deibert asked what had come from Retail Attractions. Julie Seymore noted that Bluegreen Development was brought to Canton via Retail Attractions, as well as the Starbucks connection. She noted the Retail Attractions contract ended in December 2021 and recommended NextSite for future retail recruitment services. Mr. Deibert said he would like to move on to another group at the conclusion of Retail Attractions' The EDC proposed projects budget was $853,000, including $3000 for job fairs and workforce recruitment, $5000 for renewal of the Retirement Community certification, and $235,000 for the Downtown Wayfinding project, including the truck route sign project. Ms. Seymore added that the budget amendments moved next year's $10,000 for Airport renovations into the current year to complete an Airport roadway /taxi-way project, leaving zero in FY 2022. The customary $10,000 for Mill Creek Lake trails maintenance was budgeted. Staff proposed budgeting $600,000 to extend the road in Industrial park 1 to connect to CEDC's 26 acre Industrial Park 3, and to clear and extend Industrial Park 3's road and utilities further into the tract sO it was shovel-ready  too order and announced a quorum present at 5:33 p.m.  2021.  term and asked for contract fees for Nextsite.  for industrial prospects.    Kevin Deibert expressed the Industrial Park 3 road was dark and wondered ifitwould be better to find another property or have Billy. jack Deen pay half of the cost of a matching grant. He suggested CEDC look at property along Interstate-20 at Highways 1255 and 17. Mr. Deibert stated he would start a conversation with Brian about land. Ms. Seymore reviewed the $500,995. A Agreements Budget, with upcoming agreements commitments of $278,495 in FY 2022 and $222,500 budgeted for new incentives for industrial and retail recruitment, business expansion and retention grants, downtown The debt services budget of $205,230 and transfers to Main Street of $10,000 for façade improvement grants and $2000 for Autumn Fest sponsorship were discussed Fiber and charging station were also discussed, we need to set some funds fori this. Ms. Seymore reviewed CEDC's strategic plan and the Downtown Action Plan, noting accomplishments and completions, as well as what CEDC still needed to work on. The $57,575 Main Street Budget was discussed with no comments from the board. Ms. Seymore discussed the FY: 2021 budget amendments in connection with the FY 2022 proposed budget. No board member expressed concerns with doubling the FY 3. Items for Future Agendas - The CVB budget was scheduled to be presented at CEDC's regular board meeting on July 27 toi finish the budgetwork: sessions. FY2021 4. Adjourn - The meeting was adjourned at 6:41 p.m. upon motion by Gary Hatfield and  Itwas suggested to think in terms of $600,000.  rent subsidies, and vacant building grants. with no comments from the board.  2021 airport budget for the airport project.  budget amendments would be presented at the July 27th meeting.  second by DeAnne Callan.  &  Kevin Deibert, President  Stacy  EAL