REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, AUGUST 24, 2021 PLAZA MUSEUM IN THE CANTON EDC OFFICES, 119 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:, 1st Vice President Rhita Koches, Corley Ragle, Larry Morgan, and DeAnne Callan. Not in attendance were President Kevin Deibert, 2nd Vice President Joe Zoubi, Gary Hatfield and ex- officio members Lou Ann Everett and Lonny Cluck. CEDC Staff attending were Executive Director Julie Seymore, CEDC Asst. Director Stacy Crossley, and Marketing Coordinator Austin Melton. 1. Call to Order and Announce a Quorum - 1st Vice President Rhita Koches called the  meeting to order and announced a quorum present at 5:33 p.m.  2. Invocation - Given by DeAnne Callan 3. Pledge of Allegiance - Led by Rhita Koches 4. Declarations Regarding Conflicts of Interest - None  5. Public Comments - None  6. Consider. Action Regarding Minutes of July 6, and27,2 2021 Meetings - DeAnne Callan made a motion to approve the July 6, and 27, 2021 minutes as presented. Larry Morgan seconded the motion. All voted in favor and the motion passed. 7. Consider Action Regarding July 2021 Financial Statements = Motion to accept the financial statements as presented by Ms. Seymore was made by Corley Ragle and seconded by DeAnne Callan. All voted in favor and the motion passed 8. Discuss and Consider Action Regarding Council's Consideration of Amendments to CEDC's Proposed Budget, Bylaws and EDC Structure - Julie Seymore explained the discussion from the last City Council meeting and advised the City Council had an agenda item on their meeting the next Tuesday to consider and take action on Amendments to the CEDC Budget, Bylaws and CEDC Structure. She noted the City Council requested additional information on comparative salaries, the wayfinding project expenses and marketing. Mrs. Seymore asked the board if they were okay with the proposed raise structure in the budget. All agreed yes. Mrs. Seymore also gave options for reducing the proposed budget that would be submitted to the council at their meeting that same night in case they wanted to change the budget. Rhita Koches felt the CEDC should stay the course, not change the budget but see what questions the council had, and then address the issues at that time. All agreed with 9. Public Hearing and Consider. Adoption of Resolution No. 2021-16 Adopting the Canton Economic Development Corporation budgets for fiscal year beginning October1,2021 and ending September 30, 2022, 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; a downtown wayfinding project, a downtown sidewalk renovation project; fiber extension projects;  Mrs. Koches.    airport improvements; land acquisition and improvement projects; professional service contracts for annual audit, business services and studies, engineering services, retail, commercial and industrial marketing and recruitment services; community projects, parks and trails projects, website updates, and local and regional marketing programs - A Public hearing was opened at 6:07 p.m. with no comments made. The public Corley Ragle motioned to approve Resolution No. 2021-16 Adopting the Canton Economic Development Corporation budgets for fiscal year beginning October 1,2021 and ending September 30, 2022, 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; a downtown wayfinding project, a downtown sidewalk renovation project; fiber extension projects; airporti improvements; land acquisition and improvement projects; professional service contracts for annual audit, business services and studies, engineering services, retail, commercial and industrial marketing and recruitment services; community projects, parks and trails projects, website updates, and local and regional marketing programs. 10. Annual Review and Consider Adoption of Resolution No. 2021-17 Adopting the CEDC's Investment Policy = With no proposed changed, DeAnne Callan motioned to adopt Resolution No. 2021-17 Adopting the CEDC's Investment Policy and Corley 11. Consider Approval of Minor Revisions to Performance Agreements with JTS Operations, LLC and Southern Brew Coffee Company, LLC-Larry Morgan made the motion to approve the minor revisions to Performance Agreements with JTS Operations, LLC and Southern Brew Coffee Company, LLC. Corley Ragle seconded. 12. Consider Providing A $750 Scholarship for Leadership Van Zandt - Class 4 - Corley Ragel made a motion to provide a $750.00 scholarship for Leadership Van Zandt Class 4. DeAnne Callan seconded and all voted in favor and the motion passed. 13. Updates and Community Announcements - Lonny Cluck was not present; however, Peter Lamont provided information regarding the contract for work on Pecan Street 14. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton reported the next First Monday show was looking 15. Canton Main Street Report and Consider Any Action Related Thereto - Stacy Crossley reported on the historic building plaques and downtown beautification updates. Ms. Crossley discussed the upcoming downtown events and the downtown business activity which included a new downtown tenant, Gold Star Electric Company, and façade grants that were given to The Wicked Read and the Beckham Building  hearing was closed at 6:07 p.m.  Larry Morgan seconded and all voted in favor. The motion passed.  Ragel seconded. All voted in favor and the motion passed.  All voted in favor and the motion passed.  and going out for a second bid for the lift of the water pump station.  great for September and all trade centers were full.  renovation.    16. Executive Director's Report and Consider Any Action Related Thereto - Julie  Seymore gave her report to the board on the following:  A. CEDC Projects  Donation of Balloon Festival Proceeds to Children's Miracle Network-Since proceeds were sO much larger than anticipated, the CVB paid $16,020.43 as a donation to the Children's Miracle Network based on the agreement to pay proceeds to that charity. She explained a new agreement would be worked out for the following year to allow the payment of city services so the city would not be out expenses. The remainder of proceeds would be made Phoenix Food, LLC- There had been some delays in the building construction and Phoenix Food had to find space SO they temporarily leased Sports Complex Proposal- Corley Ragle was meeting with Josh Wilkerson and Mr. Puritt to discuss the project and Mrs Seymore spoke with Billy Martin Jr. who would be giving a presentation to the City Council in September. Downtown Sidewalk Project- Mrs. Seymore reported the project was moving Downtown Wayfinding Project = The design company for the project, fd2s, gave theiri first report of suggestions to staff and had asked what the approval process would be. Rhita Koches suggested a committee made up of Main Street and CEDC members to oversee the final design, including staff and Van Zandt County Job Fair -The fair would be held at the civic center on Julie Seymore discussed her recent recruitment trip in Anaheim with NETEA. It went well with one site visit already. The trade show with Oncor was not as busy due to COVID and she was not sure the next trip would be the best use  to the Childrens Miracle Network.  storage in Forney while the building was being completed.  along well.  DeAnne Callan and Rhita Koches from CEDC. August 26th and there were 36 companies signed up.  B. CEDC Business /Administration  off funds. The board agreed to let Mrs. Seymore decide.  C. Local Development Activity D. Community Event Announcements  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 6:31 p.m. to discuss the A. Section 551.087 -1 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 B. Section 551.072 - to discuss or deliberate regarding the potential purchase, sale,  Government Code, Sections 551.071, 551.072 and 551.087.  following:  entertainment prospects.  exchange, lease or value of real property  C. Section 551.071 - for consultation with attorney (ifneeded)    18. Return to Open Session and Consider. Action, if any, on Items Discussed in Executive Session The board reconvened in open session at 6:45 p.m. with no action taken. 20. Adjourn - The meeting was adjourned at 6:45 p.m. upon motion by Corley Ragle and  19. Items for Future Agendas - None second by DeAnne Callan.  2 -  Kevin Deibert, President  Stacy  E4