REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, APRIL 28, 2020 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 regular meeting at the above mentioned date and time. CEDC board members present included: 1st Vice President Kevin Deibert, 2nd Vice President Rhita Koches, DeAnne Callan, Larry Morgan and Joe Zoubi, ex- officio Lonny Cluck, and Executive Director Julie Seymore and CEDC Asst. Director Stacy Crossley. Not in attendance were President John McKeehan, Gary Hatfield, and ex-officio member Mayor Lou Ann Everett. 1. Call to Order and Announce a Quorum - 1st Vice President Kevin Deibert announced  ac quorum present and called the meeting to order at 5:31 p.m.  2. Invocation- Given by Kevin Deibert 3. Pledge of Allegiance- Led by Kevin Deibert  4. Declarations Regarding Conflicts of Interest - DeAnne Callan declared a potential conflict ofi interest on item 13 and Julie Seymore declared a possible conflict ofi interest  on Item 9. 5. Public Comments - None tabled for next month's meeting.  6. Consider Action Regarding Minutes of March 24, 2020 Meeting table - Minutes were 7. Consider Action Regarding March 2020 Financial Statements Julie Seymore gave an report to the board and the financial statements were unanimously accepted upon 8. Conduct Public Hearing, Discussion and Action on Resolution No. 2020-08 Authorizing Certain Financial Assistance up to $300,000 as a Line of Credit or Other Financial Assistance to be Used for Businesses Located within the City of Canton, Texas - Ms. Seymore informed the board that the City Council did approve the CEDC COVID-19 assistance program for small businesses of up to $300,000 with the maximum of $5000 per applicant. Ms. Seymore asked the board if they would like to review two new Classifications for eligibility: small Medical, Dental and Chiropractic clinics, and Hotels (not to include B&B's). She noted a Hotel Occupancy Tax deferral proposal would be discussed under a future item. The board unanimously agreed to include the above mentioned additions.. A Public hearing was opened at 5:43 p.m. with no one to comment. The hearing was closed at 5:43p.m. Larry Morgan made a motion to adopt Resolution No. 2020-08 Approving Certain Financial Assistance up to $300,000 as a Line of Credit or Other Financial Assistance to be Used for Businesses Located within the City of Canton, Texas with the two added categories. The motion 9. - Discussion and Action on Resolution 2020-10 Authorizing Certain Financial Assistance up to $5,000.00 each for Businesses Located within the City of Canton, Texas Who Have been Significantly Impacted by COVID-19 Restrictions - Ms. Julie Seymore presented the board with a list of the first round of applicants. There were  motion by Rhita Koches and second by Joe Zoubi.  was seconded by DeAnne Callan and all voted in favor.    thirty applications submitted with four noto qualified. The awards fore eligible applications Motion to approve the applications and awards as presented by Ms. Seymore in the total amount of $92,820 was made by Rhita Koches and seconded by Joe Zoubi with 10. Conduct Public Hearing, Discussion, and Action on Resolution 2020-11 Authorizing Certain Financial Assistance up to $20,000.00 to Sarah Clayton for Construction of a New Building Generally Located at 1164 S Buffalo, City of Canton A Public hearing was opened at 5:58 p.m. with no one to comment. The hearing was closed at 5:58 p.m. Rhita Koches made a motion to adopt Resolution No. 2020-11 Authorizing Certain Financial Assistance up to $20,0001 to Sarah Clayton for Construction ofal New Building Generally Located at 1164 S Buffalo, City of Canton. The grant is payable upon receiving the certificate of occupancy and forgiven at 20% per year with a required investment of $275,000, open by 9-1-2020 with five full time equivalent jobs, including those of the tenant. Motion was seconded by DeAnne Callan and all voted 11. Conduct Public Hearing, Discussion, and Action on Resolution 2020-12 Authorizing Certain Financial Assistance up to $20,000.00 to Earl and Genevieve West for the Renovation of a Building Generally Located at 120-122A East Dallas, City of Canton -AP Public hearing was opened at 6:01 p.m. with no one to comment. The hearing was closed at 6:01 p.m. Rhita Koches made a motion to adopt Resolution No. 2020-12 Authorizing Certain Financial Assistance up to $20,000 to Earl and Genevieve West for the Renovation of a Building Generally Located at 120-122A East Dallas, City of Canton. The grant is payable upon receiving a certificate of occupancy and forgiven at 20% per year. The contract required a total building investment of $300,000, a tenant in one of the spaces by July 2021, and two full-time equivalent jobs. Motion 12. Consider Hotel Occupancy Tax Emergency Deferral and Forgiveness Program - As ameans to help hotels under a COVID-19 relief plan, Julie Seymore asked the board to consider recommending a 90-day deferral for hotel/motel taxes without penalties and interest and to present this plan to the City Council for approval. A motion was made to recommend to the City Council to defer hotel/motel taxes for 90 days by Larry 13. Consider Two-Year Extension of Depository Contract with City National Bank = DeAnne Callan left the meeting at 6:04 p.m. due to potential conflict of interest. Ms. Seymore noted the interest earnings rate would be modified to 0.41% for all deposits. Upon the recommendation of staff, a motion was made by Rhita Koches to extend the CEDC contract with City National Bank for an additional two years. Motion was seconded by Joe Zoubi and all voted in favor. Ms. Callan returned to the meeting at 14. Consider Action on Special Event Funding, Half Marathon, and Balloon Festival-Due toc current events Ms. Seymore asked the board their option on the upcoming events for the Tailwind Reginal Balloon festival and the Half Marathon. The board recommended staff discuss it with event board members to come up with possible  totaled $92,820.  all in favor.  inf favor.  was seconded by. Joe Zoubi and all voted in favor.  Morgan and seconded by DeAnne Callan. All voted in favor.  6:08 p.m.  modifications and report back.    15. City Project Updates and Community Announcements - Lonny Cluck reported to the board that the city was waiting on TxDOT to start on the water line project. The city should start on the sewer line project the first of the month. Most projects had been put on hold due to budget shortcomings. Mr. Cluck explained they were still unders stay at home orders per the Governors order. Mr. Cluck praised the board for the assistance program. Mr. Cluck also explained that the animal shelter would still do 16. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton was not in attendance and report was submitted in 17. Canton Main Street Report and Consider Any Action Related Thereto - Stacy Crossley reported on the opening of the Downtown Farmers Market. 18. Executive Director's Report and Consider Any Action Related Thereto - Julie  adoptions per appointment but would not be open to public.  writing.  Seymore A. EDC Projects = remodel permit. façade of the building.  Burkes Outlet was coming to Traders Square and the landlord had applied for a The West building had completed the roof project and was working on the Sentinel Gardens Assisted Living had to double its abatement but was moving forward with the project and had asked for more CEDC funding.  B. CEDC Business/ /Administration  The FY: 2019. Audit - was almost complete.  The FY 2020 mid-year budget amendments = would be presented soon. The FY 2021 Budget - Staff was preparing worksheets and goals.  C. Local Development Activity  Remodels in progress included: Murphy USA at 601 HWY 243, (Walmart); Nat 24, 17169 I-20; CTMF expansion & new ERI located 18780 I-20; Mr. D's was adding fast food Krunchy Chicken at 170 N. Trade Days Blvd; Ducks BBQ was changing name to Craft 64 and remolding the building; a Gas/Convenience Store at HWY19@ @ I-20 was still underway with a remodel; New Builds underway were Sarah Clayton's new building for State Farm located at 1164 S. Buffalo. Easley's Steak House had been issued a Demo permit and the Old Jewels located on I-20 had been demoed and a new pediatric dentist was going in the future new building. On the residential side, a new home building permit was issued on Chester Street and a new home  was in progress on Rollin Rd  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 The board convened in closed session at 6:25 p.m. to discuss the following:  Government Code, Section 551.087 and 551.072.    19. Executive Session:  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 but not limited to a mixed-use development project, a local business capital investment project, a downtown retail rent subsidy prospect, and recruitment of new commercial, industrial, retail, restaurant, hospitality, B. Section 551.072 - to discuss or deliberate regarding the potential purchase, sale, 20. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session The Board reconvened in open session at 6:29 p.m. with no action taken. 21. Items for Future Agendas - The board discussed setting weekly meetings at 5p.m.on Tuesdays, except it would be on Wednesday when the city council was in session. 22. Adjourn - The meeting was adjourned at 6:29 p.m. upon motion by Larry Morgan and  and family entertainment prospects. exchange, lease or value of real property  The next meeting would be on May 5. second by Rhita Koches.  gLRLL John T. McKeehan II, President  ATTEST Stacy