REGULAR MEETING OF BOARD OF DIRECTORS OF CANTON ECONOMIC DEVELOPMENT CORPORATION (CEDC) 5:30 P.M., TUESDAY, SEPTEMBER 22, 2020 CANTON CITY HALL, 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: President John McKeehan, 1st Vice President Kevin Deibert, 2nd Vice President Rhita Koches, Gary Hatfield, and DeAnne Callan, Executive Director Julie Seymore, CEDC Asst. Director Stacy Crossley, and Marketing Coordinator Austin Melton and ex-officio member Lonny Cluck. Not in attendance were Larry Morgan, Joe Zoubi and ex- officio member Mayor Lou Ann Everett. 1. Call to Order and Announce a Quorum - 1st Vice President Kevin Deibert called the  meeting to order at 5:30 p.m. 2. Invocation - Given by Gary Hatfield 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 August 25, 2020 Meeting Kevin Deibertmade ar motion to approve the minutes as presented. DeAnne Callan seconded the motion. 7. Consider Action Regarding August 2020 Financial Statements = Julie Seymore presented the financial reports which showed an uptick in sales taxes revenues for the year by 6.3%, ending the year at an all-time high. Motion to accept the financials was made by Kevin Deibert and Gary Hatfield seconded. All voted in favor and the 8. Public Hearing and Consider Adoption of Resolution No. 2020-16. Adopting the Canton Economic Development Corporation budgets for fiscal year beginning October 1,2020 and ending September 30, 2021, which includes 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 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 - A Public hearing was opened at 5:35 p.m. with no one to comment. The hearing was closed at 5:36 p.m. Gary Hatfield made a motion to adopt Resolution No. 2020-16 Adopting the Canton Economic Development Corporation budgets for fiscal year beginning October 1,2020 and ending September 30, 2021, Motion was seconded by DeAnne Callan and all  All voted in favor and the motion passed.  motion passed.  voted in favor.    9. Consider Adoption of Resolution No. 2020-17 Adopting the Canton Economic Development Corporation amended budgets fori fiscal year beginning October 1, 2019 and ending September 30, 2020 --Mrs. Julie Seymore discussed the amendments and asked the board to allow some of the remaining special event funding to pay for the Rhita Koches 5:38pm entered the meeting at 5:38 p.m. followed by Lonny Cluck at Kevin Deibert made a motion to adopt Resolution No. 2020-17 adopting the Canton Economic Development Corporation amended budgets for fiscal year beginning October 1, 2019 and ending September 30, 2020, Motion was seconded by Gary 10. City Project Updates and Community Announcements - Lonny Cluck reported to the board that the City budget had been finished. First Monday was down by around $530,000 for the 2020 fiscal year. Mr. Cluck explained they canceled $500,000 in capital improvements to offset the lost revenue. One council member moved out of town and resigned and Mr. Scott Perkins had been appointed to fill his seat. 11. Canton Visitors Bureau and First Monday Marketing Report and Consider Any Action Related Thereto - Austin Melton reported on Facebook and advertising costs, noting the Website traffic was up to 48,000 visitors compared to last year at 28,000. 12. Canton Main Street Report and Consider Any Action Related Thereto - Stacy Crossley reported on the downtown projects progress and upcoming main street 13. Executive Director's Report and Consider Any Action Related Thereto = Julie  Christmas Snow Day Festival rentals. The board agreed.  5:40 p.m.  Hatfield and all voted in favor.  events. Seymore A. CEDC Projects  NETEA Business Recruitment Meetings - Staff had eight meetings to date. Performance Agreement Payments - Aaron's requested payment and Panda Express would be receiving a sales tax rebate. Additional payments would soon be made to The Kickin Mule, The Board was invited to CEDC Partners' ribbon cuttings for Burkes Outlet's and Sweet Tea's Cookies. Downtown Sidewalk Project - The project was in the engineering phase and TxDOT Water Line Project - The property had been annexed into the city. B. CEDC Business /Administration- September 30th was the end of the fiscal year. Staff would be closing out the books for the year and thel budgets were prepared fori the new year. The director completed the annual employee evaluations and a 2% COLA and some salary adjustments per the approved budget would be in  bids were required to be award by February. Plans were still in the engineering phase  effect October 1.  C. Local Development. Activity Cos issued: 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  Government Code, Section 551.087 and 551.072.    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 5:57 p.m. to discuss the following:  Government Code, Section 551.087 and 551.072.  14. Executive Session:  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 but not limited to Zanbaka USA, 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 B. Section 551.072 - to discuss or deliberate regarding the potential purchase, sale, exchange, lease or value of real property, including the sale of 25 acres, being part of a certain approximately 59.62-acre tract at the end of Burnett Trail, situated ini the J. Douthit Survey, A-198, owned by the Canton Economic Development Corporation 15. Return to Open Session and Consider Action, if any, on Items Discussed in Executive 16. Conduct Public Hearing, discussion, and action on Resolution No. 2020-18 approving a Performance Agreement with Zanbaka USA, LLC, authorizing certain financial assistance not to exceed $83,000.00, for Duke's Travel Plaza and Craft 64 Restaurant improvements - A Public hearing was opened at 6:46 p.m. with no one to comment. The hearing was closed at 6:47 p.m. Gary Hatfield made a motion to adopt Resolution No. 2020-18 approving a Performance Agreement with Zanbaka USA, LLC, authorizing certain financial assistance not to exceed $83,000.00, for Duke's Travel Plaza and Craft 64 Restaurant improvements. Motion was seconded by Rhita Koches 17. Consider Adoption of Resolution No. 2020-19 approving and authorizing the Purchase and Sale Agreement by and between Canton Economic Development Corporation, a Texas non-profit corporation, and Mitchell Kaufman, later to be reassigned to be formed Texas limited liability company, its successors and assigns, conveying approximately 25 acres, being part of a certain approximate 59.62-acre tract at the end of Burnett Trail, situated in the J. Douthit Survey, A-198, owned by the Canton Economic Development Corporation. The board agreed to table resolution no. 2020- 18. Items for Future Agendas - If needed, a called meeting was scheduled on October 19. Adjourn - The meeting was adjourned at 6:48 p.m. upon motion by DeAnne Callan  prospects.  Session - The Board reconvened in open session at 6:46 p.m.  and all voted in favor.  19 to a later date. 12th at 5:30 p.m.  and second by Gary Hatfield.  ALmLL John McKeehan, President    ATTEST:  E4