REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, JULY 27, 2021 COUNCIL ROOM AT CANTON CITY HALL, 201 N. BUFFALO 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 President Rhita Koches, Corley Ragle, Larry Morgan, and ex- officio members Lou Ann Everett and Lonny Cluck. Not in attendance were 2nd Vice President Joe Zoubi, DeAnne Callan, and Gary Hatfield. CEDC Staff attending were Executive Director Julie Seymore, CEDC Asst. Director Stacy Crossley, Marketing Coordinator Austin Melton, and 1. Call to Order and Announce a Quorum = President Kevin Deibert called the meeting  CVB Coordinator Tam Erwin.  too order and announced a quorum present at 5:34 p.m.  2. Invocation- Given by Kevin Deibert 3. Pledge of Allegiance- Led by Kevin Deibert 4. Declarations Regarding Conflicts of Interest - None  5. Public Comments - None  6. Consider Action Regarding Minutes of. June 22, 2021 Meeting Rhita Koches made a motion to approve the June 22, 2021 minutes as presented. Larry Morgan seconded 7. Consider Action Regarding June 2021 Financial Statements = Motion to accept the financial statements as presented by Ms. Seymore was made by Rhita Koches and seconded by Corley Ragle. All voted in favor and the motion passed. 8. Public Hearing and Consider Adoption of Resolution No. 2021-12 Approving and Authorizing a Performance Agreement with Southern Brew Coffee Company, LLC.- Ms. Seymore explained the agreement provided a $7,500 vacant building grant, with Southern Brew required to provide $70,000 inj paid capital receipts and to create and retain ten full-time equivalent jobs throughout the five year contract. She asked the board to approve the contract with the understanding the attorney would need to review it. A Public hearing was opened at 5:40 p.m. With no one to comment, it was closed at 5:40 p.m. Rhita Koches made a motion to adopt Resolution No. 2021-12 Approving and Authorizing a Performance Agreement with Southern Brew Coffee Company, LLC, subject to the attorney's review. Corley Ragle seconded the motion and all voted in favor. Motion passed with the understanding of attorney review. 9. Public Hearing and Consider Adoption of Resolution No. 2021-13 Approving and Authorizing a Performance Agreement with 3 B's Imports, LLC = Ms. Seymore explained 31 B's Imports was coming back with a revised application. No action taken. 10. Public Hearing and Consider Adoption of Resolution No. 2021-14 Approving and Authorizing a Performance Agreement with. JTS Operations, LLC-1 12-Ms. Seymore presented the terms of the proposed contract providing for a $15,000 historic preservation grant in exchange for $84,000 in capital receipts and securing a tenant  the motion. All voted in favor and the motion passed.    with at least two ful-time-equivalent jobs and a certificate of occupancy by March 31, 2022. She noted the contract required the developer to adhere to the proposed historic renovation plan or secure a certificate of appropriateness from the Main Street Design Committee. A Public hearing was opened at 5:42 p.m. with no one to comment. Itv was closed at 5:42 p.m. Rhita Koches made a motiont to adopt Resolution No. 2021-14 Approving and Authorizing a Performance Agreement with JTS Operations, LLC, subject to the attorneys review. Corley Ragle seconded the motion and all voted in favor. The motion passed with the understanding of attorney review. 12. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton gave his report and discussed the funds spent for First Monday were less this month and website visits were down due to the difference ins spending. Mr. Melton also discussed the success of the balloon festival. 13. Canton Main Street Report and Consider Any Action Related Thereto - Stacy Crossley reported on current downtown projects that included the completion of the power washing oft the square sidewalks and the temporary hold of the Farmers Market shade project. Main Street Events included the first ever Summer Street Dance on August 14, 2021, the Bob Moore Memorial Walk, the Path to Plate event planned by AgriLife, the planning of the Scarecrow Lawn Party, and the 20th anniversary Autumn Festival. Downtown business development included the opening of a new boutique called The Rustic; the All Canton Floral building renovations had started and they would have a new tenant, Southern Accent Boutique; and the Wicked Read would be 14. Executive Director's Report and Consider Any Action Related Thereto - Julie  11. City Project Updates and Community Announcements - None  installing an awning soon.  Seymore discussed her report to the board on the following:  A. CEDC Projects  Burnett Trail Road Extension Project- - Finished and CEDC cut the check for Downtown Sidewalk Project - Currently working on the South end of Buffalo St. with all extras ordered-trees, tree grates, benches and trash cans. Downtown Wayfinding Project- Riley Triggs would be the point man on the project and he and CEDC staff were meeting with the fd2s team that week. The Airport road /taxi-way overlay project had been completed. Van Zandt County Job Fair- - The Job Fair was set for August 26 at the Civic Center and CEDC and other county organizations would be hosting in Business Recruitment Schedule- Julie Seymore reported she would be in Anaheim, California from August 2-6 with NETEA for 13 meetings with businesses interested in moving or expanding to Texas, then to the Plastec West Trade Show with the Oncor Booth from August 10-12. Another trade show, Fabtech, would be in Chicago on September 13-16, and the I-20 East Texas Corridor team would be hosting a broker's dinner in September. B. CEDC Business/Adminstration - The FY 2021 audit would begin soon. Local Development Activity = Sentinel Gardens was working on licensing and still needed a place for a temporary evacuation location. They wanted to use the Senior Citizens Building but it had not been approved by City Council. CEDC processed a $30,500 job retention grant and passed on $40,000 from  the remainder of the contract.  conjunction with Workforce Solutions.    the County to Phoenix Food in accordance with their performance agreement. Ms. Seymore discussed the Sports Complex and Corley Regal said he had connected with some local stakeholders and would reach out to Billy Martin to start the process of moving forward with exploring the potential project.  15. Consider Amendments to FY 2020-2021 Budget = Ms. Seymore discussed the proposed budget amendments to FY 2020-2021. Rhita Koches made a motion to approve the proposed budget amendments for FY 2020-2021. Larry Morgan 16. Work Session on FY 2021 - 2022 Proposed Budget, Programs and Projects - The CEDC and Main Street budgets were previously discussed at the last meeting. A $521,370 CVB budget was discussed and proposed to the board. Revenue included $280,000 in hotel occupancy tax revenue, $140,000 from the City for First Monday marketing, $1500 bank interest and souvenir sales, plus $99,000 for the Balloon Fest and Half Marathon that were break-even events. The $74,000 Balloon Festival budget was increased on both revenue and expenditure sides, planning for growth due to its success in 2021. Included was additional funds to reimburse the city for hard costs before paying proceeds to Children's Miracle Network. Operating expenses were $156,420. The only changes from the previous year were a 4% COLA and 1% salary adjustment, plus a $1300 reduction in communications expenses. Mr. Melton discussed the marketing plan for the CVB ($94,500) and for First Monday Trade Days ($140,000). Ms. Seymore asked if board had any questions and none were asked. She explained she would present the proposed budget to the council ati its August 17, 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 17. Executive Session: The Board convened in closed session at 6:17 p.m. to discuss economic development negotiations and the potential sale of real property. A. Section 551.087 - to deliberate commercial or financial information the CEDC has received from a business prospect, and to deliberate the offer of a financial or other incentive to business prospects, including Bluegreen Development Project, Sports Complex Project, downtown building renovation projects, and retention, expansion and recruitment of commercial, industrial, retail, hospitality, sports, and family  seconded the motion and all voted in favor. The motion passed.  2021 meeting.  Government Code, Section 551.087.  entertainment prospects.  At6:25 p.m., Lonny Cluck entered the meeting.  18. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session - The board reconvened in open session at 6:26 p.m. with no action taken. 20. Adjourn - The meeting was adjourned at 6:26 p.m. upon motion by Rhita Koches and  19. Items for Future Agendas - None second by Corley Ragle.  -  KevinDeibert, President  Stacy  E