REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, MAY 26, 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. CEDCI board members present included: President John McKeehan, 1st' Vice President Kevin Deibert, 2nd Vice President Rhita Koches, Gary Hatfield, DeAnne Callan, Larry Morgan and Joe Zoubi, ex- officio members Mayor Lou Ann Everett and Lonny Cluck, and Executive Director Julie 1. Call to Order and Announce a Quorum: President John McKeehan called the meeting  Seymore and CEDC Asst. Director Stacy Crossley.  too order at 5:30 p.m. and announced a quorum present. 2. Invocation- Given by Kevin Deibert 3. Pledge of Allegiance- Led by John McKeehan 4. Declarations Regarding Conflicts of Interest None  5. Public Comments - None  6. Consider Action Regarding Minutes of March 24, April 14 and 28, May 5, May 12, and May 19, 2020 Meetings - Kevin Deibert made a motion to approve the presented minutes and Gary Hatfield seconded the motion. All voted in favor and the motion 7. Consider Action Regarding April 2020 Financial Statements - Julie Seymore gave the report to the board and explained that a greater reduction in sales tax was expected in April due to COVID-19, as well as making a $180,000 debt service payment. The quarterly investment report was also reviewed. Motion to accept the financials was made by DeAnne Callan,and Joe Zoubi seconded. All voted in favor and the motion 8. Discussion and Action Authorizing Certain Financial Assistance up to $5,000.00each for Businesses Located within the City of Canton, Texas Who Have been Significantly Impacted by COVID-19 Restrictions - Julie Seymore recapped the status of awards and presented one new application. She asked the board to consider a closing date and if they wanted to adjust or expand qualifications, to which the board had no changes. A motion to approve funding for the VapeHub application in the amount of $3230, and to end the program in July at the board's regular meeting with an application deadline date of. July 24, 2020, was made by Kevin Deibert and seconded 9. Presentation and Consider Acceptance of Financial Audit for Fiscal Year Ending September 30, 2019 - Louis Breedlove presented the FY 2019 Audit findings via Zoom. He explained the process of the audit to the board and noted they were able to give an unmodified opinion, which is the highest level of assurance to receive. The board had no comments or questions. Rhita Koches made a motion to accept the financial audit for Fiscal Year ending September 30, 2019, and Kevin Deibert  passed.  passed.  by DeAnne Callan, with all voting in favor.  seconded. All voted in favor.    10. Adopt Budget Calendar and Discuss Goals and Objectives for Fiscal Year Ending September 30, 2021- The board agreed to the budget preparation schedule, setting work sessions for June 23, July 14 and July 28, with final adoption on August 25, with the August 25th meeting to be held at the Plaza Museum due to conflict with the City Council meeting. Julie Seymore asked the board to send her suggestions on goals and projects for the coming budget. John McKeehan asked staff to send calendar 11. City Project Updates and Community Announcements = Lonny Cluck reported the plans to open First Monday Trade Days that weekend. He estimated there would be about 50% of the vendors with an average or above-average showing of guests. A good portion of vendors were in the high risk population and he believed they would not attend. Mr. Cluck discussed the mixed reactions to opening First Monday and the 12. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto- - Austin Melton gave the marketing report with more oni the marketing strategy for the closing of First Monday. He noted they worked on the email campaign 13. Canton Main Street Report and Consider Any Action Related Thereto Stacy Crossley reported on the current remodeling projects in downtown and the beginning 14. Executive Director's Report and Consider Any Action Related Thereto Julie  invites to the board.  parks.  and keeping busy on social media networks.  of downtown events. Seymore A. EDC Projects  Canton EDC Contract Grant Payments - The annual sales tax reimbursement had been requested from Applebee's and it looked to be City Council approved the CEDC projects-- Sarah Clayton with State Farm Insurance for her Business Expansion Project and Earl and Genevieve West for the Vacant Building Renovation Project on the old Liston building downtown. The city council also approved the 90-day deferral of Hotel Sentinel Gardens Assisted Living Project had resumed work once again. Downtown Truck Route project was still underway. Consultants were working on a plan for signage and proposal on cost. Depending on these numbers, staff will move forward and ask the City Council to adopt an Downtown Sidewalk Grant Project- The project is still in the design phase. Part of the plan included trees in planters and due to lack of irrigation, they TxDOT water project - The City was waiting for TxDOT to sign the contract City Council did approve the CEDC and Main Street Board Appointments. Murphy USA, 601 Hwy 243 received a Temporary Certificate of Occupancy (C.O.). C.O.'swere issued to: Edward Jones Investments, 710W Dallas; State Farm Insurance, 1164 S Buffalo, Suite 1; Elevate Student Success, 1164 S  about the same as prior years.  Occupancy Tax Payments.  ordinance.  may have be in self-watering pots. and begin the annexation process.  B. CEDC Business /Administration C. Local Development Activity:    Buffalo, Suite 2; The Shabby Farmhouse, 531 Dallas; SunDazed Tanning, 680 W Dallas; Puppy Marketplace, 500 Tyler. Doggie Stylez, 918 S Trade Days Blvd. and Veterans Memorial, 1200 Trade Days Blvd had applied for C.O.'s.  When necessary and warranted, a closed or executive session will follow pursuant tot the provision of the Texas Open Meetings Act, Chapter 551 of the Texas The board convened in closed session at 6:18 p.m. to discuss the following:  Government Code, Section 551.087 and 551.072.  15. 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, C. Section 551.071 - to seek legal advice from its attorney regarding the CEDC  and family entertainment prospects exchange, lease or value of real property COVID-19 Small Business Assistance Program  The Board reconvened in open session at 6:26 p.m. with no action taken.  16. Items for Future Agendas - None second by Gary Hatfield.  17. Adjourn- The meeting was adjourned at 6:26 p.m. upon motion by Kevin Deibert and  4L BSKL John T. McKeehan I, President  ATTEST:  f