REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, AUGUST: 25, 2020 PLAZA MUSEUM IN CEDC OFFICE BUILDING 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 Kevin Deibert, Larry Morgan, DeAnne Callan and. Joe Zoubi, Executive Director Julie Seymore, CEDC Asst. Director Stacy Crossley, and Marketing Coordinator Austin Melton. Not in attendance was President John McKeehan, 2nd Vice President Rhita Koches, Gary 1. Call to Order and Announce a Quorum = 1st Vice President Kevin Deibert called the  Hatfield and ex- officio members Mayor Lou Ann Everett and Lonny Cluck. meeting to order at 5:32 p.m. and announced a quorum present  2. Invocation 3. Pledge of Allegiance  4. Declarations Regarding Conflicts of Interest - Joe. Zoubi declared a conflict ofi interest on item 13A regarding the discussion of economic negotiations on the expansion of  Duke's Travel Plaza and Craft 64. 5. Public Comments - None  6. Consider Action Regarding Minutes of July 14 and 28, 2020 Meetings - Larry Morgan made a motion to approve the minutes as presented. DeAnne Callan seconded the 7. Consider Action Regarding July 2020 Financial Statements- - Julie Seymore presented the financial reports and noted the quarterly investment report indicated eamings on the TexPool accounts were down due to a lower interest rate climate, and sales tax revenue was up 7.6% over the same period the prior year. Motion to accept the financials was made by DeAnne Callan and Joe Zoubi seconded. All voted in favor 8. Public Hearing and Consider. Adoption of Resolution No. 2020-14 Adopting the Canton Economic Development Corporation budgets forf fiscal year beginning October1,2020 and ending September: 30, 2021, which includes thet 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 sidewalk renovation project; fiber extension projects; 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- = Al Public hearing was opened at 5:32 p.m. with no one to comment. The hearing was closed at 5:32 p.m. DeAnne Callan made a motion to adopt Resolution No. 2020-14 Adopting the Canton Economic Development Corporation budgets fori fiscal year beginning October 1,2020 and ending September 30, 2021, Motion was seconded by Larry Morgan and all voted  motion. All voted in favor and the motion passed.  and the motion passed.  inf favor.    9. Annual Review and Consider Adoption of Resolution No. 2020-15 Adopting the CEDC's Investment Policy - DeAnne Callan made a motion to adopt Resolution No. 2020-15 Adopting the CEDC's Investment Policy. Motion was seconded by Joe Zoubi 10. City Project Updates and Community Announcements-L Lonny Cluck was not present 11. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton presented the marketing report and emphasized the CVB spent a bit more money this month and saw an uptick in impressions. 12. Canton Main Street Report and Consider Any Action Related Thereto Stacy Crossley reported the new mural was complete and the board was working on beautification projects, including the Christmas lights and courthouse AC fence cover. Ms. Crossley discussed the upcoming events and informed the board of the current downtown business development. The Hilliard Hardware building was getting a new roof, the UT building was leasing its four new tenant spaces, and there was a new business opening up, Canton Martial Arts. Maxine Sumner was officially on the Main 13. Executive Director's Report and Consider Any Action Related Thereto = Julie A. CEDC Projects- - The CEDC had issued Applebee's sales tax rebate check. The Covid-19 assistance grant recipients were being asked to submit their quarterly reports. The new retail store, Burkes Outlet, would be opening in late September. Sweet Tea's bakery downtown would be opening in October and the assisted living Sentinel Gardens planned to open in late October or early November. The Eubank Building was working on a second tenant and Aaron's B. CEDC Business/Adminstration - The 2020 Economic Impact Award would be  and all voted in favor. and no report was given.  Street Advisory Board.  Seymore reported to the board on the following:  renovation ofi its second building was underway. given at the Chamber's AM Connection at 7:45 a.m.  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 The board convened in closed session at 5:37 p.m. to discuss the following:  Government Code, Section 551.087 and 551.072.  14. 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.    At 5:56 p.m., board member Joe Zoubi recused himself and left the meeting due to a  conflict ofi interest.  Mr. Zoubi returned to the meeting at 6:00 p.m. exchange, lease or value of real property  B. Section 551.072 - to discuss or deliberate regarding the potential purchase, sale, 15. Return to Open Session and Consider Action, if any, on Items Discussed in Executive Session - The Board reconvened in open session at 6:00 p.m. with no action taken. 16. Items for Future Agendas - The Board discussed a follow-up meeting on September 9n might be needed. Ms. Seymore would send an email to confirm the date when she had contracts ready and she would put a public hearing notice in the paper. 17. Adjourn - The meeting was adjourned at 6:03 p.m. upon motion by Joe Zoubi and  second by Larry Morgan.  akmkL John McKeehan, President  ATTEST:  Stacy