Minutes 1/8/24
MINUTES OF THE JOINT REGULAR MEETING OF THE TYE ECONOMIC DEVELOPMENT CORPORATION AND THE TYE INDUSTRIAL DEVELOPMENT CORPORATION, TYE, TEXAS
MONDAY, JANUARY 8th, 2024
6:00 PM
The Tye Economic Development Corporation and the Tye Industrial Development Corporation met for a Regular meeting on Monday, January 8th, 2024, at 6:00 PM, at 649 Scott Street, Tye, Texas 79563 in Suite 111.
- Call to Order: – George Deffenbaugh, President of the Board of the Tye Economic/Industrial Development Corporations called the meeting to order at 6:00 PM.
Members present – George Deffenbaugh, Janie Ritter, Barbara Kotrlik, Linda Parsons, Ken Arnold
Members absent – None
Others Present – Mayor Kenny Dry, Gwen Sutton, Amye Butler, Dannelle Flippo
- Invocation: – Given by Ken Arnold.
- Visitor/Citizen Comments: – At this time, any person with business not scheduled on the agenda may speak to the Board of Directors. No formal action can be taken on these items at this meeting. Speaking time may not exceed three (3) minutes without the consent of the Board of Directors. No comments.
- Discuss and Consider: Approval of joint minutes for both TEDCO and TIDCO from December 11th, 2023.
Motion made by Janie Ritter to approve the joint minutes for both TEDCO and TIDCO from December 11th, 2023. Linda Parsons seconded the motion. Motion carried.
- Discuss and Consider: Approval of financials for both TEDCO and TIDCO for December 2023.
Janie Ritter asked Staff to explain budget line item 6011 Incubator Expenses for TEDCO, and the $75.00 that came out of that line item in December. Staff explained that particular line item is categorized under Downtown Expenses for the new downtown area on North Street and the $75.00 was paid to Donna Kendrick for landscaping and mowing.
Barbara Kotrlik asked Staff to explain budget line item 6121 Maintenance/Repairs for TEDCO, and the $210.52 that came out of that line item in December. Staff explained that particular line item is categorized under Other Community Center Expenses and that $125.00 was paid to Donna Kendrick for landscaping and mowing and $85.52 went to the purchase of a new Christmas Tree from Home Depot for the Community Center.
Motion made by Barbara Kotrlik to approve the financials for both TEDCO and TIDCO for December 2023. Ken Arnold seconded the motion. Motion carried.
- Discuss and Consider: Adopting Resolution R-24-01: Mutual Termination of Project Davenport.
Staff presented the resolution and the mutual termination agreement of Project Davenport to the Board. Staff explained that in the Summer of 2023, TIDCO entered into an agreement with Melissa Newberry, the owner of Abilene Furniture Leasing. Staff shared that under the terms of the agreement, Melissa would be moving her furniture business from Abilene to Tye where she would be constructing a new facility, and TIDCO would provide her with a $75,000.00 infrastructure grant to be used for the purposes of roads, water, sewer, electric, and internet. In exchange for this grant, Melissa would agree to create 3 jobs at a minimum hourly wage of $10.00 per hour for 3 years.
Staff shared that Melissa came to the office shortly after Christmas and explained that their business has seen a downturn in the past few months with the rough economy, and they are not able to start building their new location. She expressed to Staff that she wished to terminate her agreement with TIDCO and return the $75,000.00. Staff asked Melissa if there was anything that TIDCO could do to make the project work at this time, and she said no. Staff then asked the City Attorney, Eileen Hayman, to draft a termination agreement and a resolution. Staff explained that this termination is amicable, mutual, and has the best intentions for both parties.
Motion made by Barbara Kotrlik to adopt Resolution R-24-01: Mutual Termination of Project Davenport. Ken Arnold seconded the motion. Motion carried.
- Discussion Only: Executive Director’s report regarding current projects.
Staff shared with the Board that estimates are still being collected for the asbestos abatement at 201 North Street and this item could hopefully be considered at the next meeting.
Staff also shared that the infrastructure grant to Highland Automation was paid out last month and their facility is currently being built, and that the development grant to Cranes Craft BBQ was paid out last month to Day Sign Company for the electronic billboard and it should be installed by February.
Staff gave an update regarding Racetrac/Raceway Convenience Store and that they are still actively considering Tye for a possible location, however Circle K Convenience Store was no longer considering Tye for a possible location.
Staff also gave an update on the TABC applications that are starting to make their way into the City Secretary’s office because of the new “wet” status of the City of Tye.
Staff mentioned that Merritt, McLane, & Hamby is scheduled to do our yearly audit on January 24th and 25th.
- Adjournment: Motion made by Ken Arnold to adjourn at 6:25 PM. Barbara Kotrlik seconded the motion. Motion carried.
__________________________ ______________________________
George Deffenbaugh/President Cody Ellis/CEO
