REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, JULY28, 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 andi time. CEDC board members present included: 1stvice President Kevin Deibert, 2nd Vice President Rhita Koches, Gary Hatfield, DeAnne Callan and ex- officio member Lonny Cluck. Also attending were Executive Director Julie Seymore, and CEDC Asst. Director Stacy Crossley. Not in attendance were President John McKeehan, Larry 1. Call to Order and Announce a Quorum- Kevin Deibert called the meeting to order and  Morgan, Joe Zoubi, and ex- officio member Mayor Lou Ann Everett.  announced a quorum at 5:30 p.m. 2. Invocation - Given by Kevin Deibert 3. Pledge of Allegiance- Lead by Kevin Deibert 4. Declarations Regarding Conflicts of Interest - None  5. Public Comments - None  6. Consider Action Regarding Minutes of. June 16 and 23, 2020 Meetings - Gary Hatfield made a motion to approve the minutes as presented. DeAnne Callan seconded the 7. Consider Action Regarding June 2020 Financial Statements Julie Seymore presented the financial report and Mr. Deibert noted a typing error on the fiscal year date. Ms. Seymore reported the CEDC made its annual debt payment, lowering outstanding principal by $140,000. Motion to accept thet financials was made by Rhita Koches and Gary Hatfield seconded. All voted in favor and the motion passed. 8. Report on 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 - No new applications were submitted and the program was closed. 9. City Project Updates and Community Announcements = Lonny Cluck joined the meeting at 5:38 p.m. He reported on the ongoing sewer project and the new piers at the City Lake. He mentioned an upcoming national carp tournament at Canton City 10. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton was not at the meeting. The board received 11. Canton Main Street Report and Consider Any Action Related Thereto - Stacy Crossley gave a report to the board on upcoming events, new businesses and projects. She announced a new mural would be painted on the Eubank Building and a conceptual design was presented. Ms. Crossley presented a new Main Street Advisory Board applicant, Maxine Sumner. Gary Hatfield made a motion to accept the proposed conceptual design oft the mural and to approve the application of Maxine  motion. All voted in favor and the motion passed.  Lake.  information in the meeting packet.    Sumner to the Main Street Advisory Board. Rhita Koches seconded with all voting in 12. Executive Director's Report and Consider Any Action Related Thereto = Julie A. CEDC Projects: Ms. Seymore reported on the Downtown Sidewalk Grant Project and she went over design plans. She asked the board if they were willing to spend additional funds for trees, planters, benches and trash receptacles that would not be covered by the grant. Gary Hatfield made the motion to fund the additional features. Rhita Koches seconded the motion and all voted in favor. Ms. Seymore reported the consultant was working on thel Request for Proposals tol begin the downtown wayfinding signage project. Engineers were working the sign placement and specifications plan for the Truck Route bypassing Downtown. TxDOT had applied for annexation and engineers were working on the bid specifications for the water line project along I-201 to the TXDOT property. The City was refinancing the Water Tower Debt at 1.12% interest and it would save CEDC about $17,000 per year in debt service payments. Ms. Seymore reported the cooperative sign for a Burnett Trail Business District would not be legal. She explained several hardships why the city administration would not recommend a variance. She asked the board if they wanted to pursue a variance. Rhita Koches made a motion to decline participation in any future action related to the Burnett Trail Business District sign and DeAnne Callan seconded the motion. With all in favor, the motion passed. The I-20 Corridor Economic Alliance planned to host a real estate brokers' dinner on August 15th and the North East Texas Economic Alliance would be holding virtual B. CEDC Business / Administration: Ms. Seymore reported the Chamber of Commerce hired Kellie Fryman as the Chamber Administrator, and she would start the follow week. Ms. Seymore advised she would be on vacation August C. Local Development Activity- Ms. Seymore reported on local development and activity. Ms. Seymore met with Burkes Outlet manager, Donna Byrd, and they tentatively planned to open on Sept 24th. The Eubank Building owner was allowed by fire officials to have firewalls instead of sprinkler systems for two spaces that would be leased to Sweet Teas with plans to open in September. The CEDC agreement required five new jobs and since Sweet Teas was taking both spaces, they would not have that. Mr. Sumner was hoping to have a new  favor. Seymore  recruitment meetings in September.  5-12.  tenant in the third space to get the give jobs. D. Community Event Announcements  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 5:59 p.m. to discuss the following: They were joined separately by C.J. See and Mitchell Kaufman for deliberations under Item A.  Government Code, Section 551.087 and 551.072.  13. 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 retention and expansion project, a local capital investment project, a downtown retail rent subsidy prospect, and recruitment of new commercial, industrial, retail, restaurant, hospitality, and family entertainment prospects. B. Section 551.072 - to discuss or deliberate regarding the potential purchase, sale, 14. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session - The Board reconvened in open session at 7:45 p.m. with no action taken. 15. Public Hearing and Consider Adoption of Resolution No. 2020-13 Approving and Authorizing a Performance Agreement between Canton Economic Development Corporation and Sweet Tea's Cookies, LLC - A Public hearing was opened at 7:47 p.m. with no one to comment. The hearing was closed at 7:48 p.m. Gary! Hatfield made an motion to adopt Resolution No. 2020-13 Approving and Authorizing a Performance Agreement between Canton Economic Development Corporation and Sweet Tea's Cookies, LLC. located at 159 and 161 W. Dallas Street, authorizing a rent subsidy grant with the amount not to exceed $7,500 - 75% for four months, 50% for four months and 25% for one month. Motion was seconded by DeAnne Callan and all 16. Work Session on FY 2020 - 2021 Proposed Budget, Programs and Projects - The board discussed several major items including $125,000 for Phoenix Foods, $120,000 for miscellaneous grants, $100,000 for downtown redevelopment, $10,000 for the airport and $10,000 for walking trails. A prospective development project in 17. Items for Future Agendas - The August meeting would include a public hearing for 18. Adjourn - The meeting was adjourned at 7:53 p.m. upon motion by Gary Hatfield and  exchange, lease or value of real property.  voted in favor.  negotiations was not included in the proposed budget. the budget at the Plaza Theater location.  second by Rhita Koches.  John/T. Mckeehahn-,President dhmL  ATTEST:  Stacy