Minutes 11/13/23
MINUTES OF THE JOINT REGULAR MEETING OF THE TYE ECONOMIC DEVELOPMENT CORPORATION AND THE TYE INDUSTRIAL DEVELOPMENT CORPORATION, TYE, TEXAS
MONDAY, NOVEMBER 13th, 2023
6:00 PM
The Tye Economic Development Corporation and the Tye Industrial Development Corporation met for a Regular meeting on Monday, November 13th, 2023, 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, Ken Arnold, Vada Childers, Linda Parsons
Members absent – None
Others Present – Mayor Nancy Moore, City Secretary Maria Franco, Joe Martinez, Johnny Saenz, William Crane, Garrett Finley, Parker Finley
- Invocation – Given by Vada Childers.
- Public Comment – 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.
- Discussion Only: Presentation by First Financial Bank on their investment services.
Johnny Saenz and Joe Martinez from First Financial Bank gave a presentation to the Boards regarding different services that First Financial Bank offers to their clients that have Public Funds Accounts. The services Positive Pay and IntraFi were discussed as well as the current rates and terms for their Certificates of Deposit.
Staff mentioned that the Investment Policies give the Executive Director the ability to enroll in their different programs. Staff commented that the Board President will be consulted for guidance before any decisions are made by the Executive Director concerning these services.
- Executive Session: The Boards reserve the right to adjourn into Executive Session at any time during the meeting to discuss any of the matters listed, as authorized by Texas Government Code Section 551.087 (Economic Development), Project CNC
George Deffenbaugh announced that the Boards were entering into Executive Session at 6:24 PM. It was announced that the Boards came back into Open Session at 7:10 PM. No votes or action were taken in Executive Session.
The Board expressed interest in moving forward with the project, and staff will work with the City Attorney to draft an agreement for Project CNC. The Boards took no action on this item during this meeting.
- Executive Session: The Boards reserve the right to adjourn into Executive Session at any time during the meeting to discuss any of the matters listed, as authorized by Texas Government Code Section 551.087 (Economic Development), Project BBQ
George Deffenbaugh announced that the Boards were entering into Executive Session at 7:13 PM. It was announced that the Boards came back into Open Session at 7:37 PM. No votes or action were taken in Executive Session.
The Board expressed interest in moving forward with the project, and staff will work with the City Attorney to draft an agreement for Project BBQ. The Boards took no action on this item during this meeting.
- Discuss and Consider: Approval of joint minutes for both TEDCO and TIDCO from October 10th, 2023.
Motion made by Barbara Kotrlik to approve the joint minutes for both TEDCO and TIDCO from October 10th, 2023. Janie Ritter seconded the motion. Motion carried.
- Discuss and Consider: Approval of financials for both TEDCO and TIDCO for October 2023.
Motion made by Linda Parsons to approve the financials for both TEDCO and TIDCO for October 2023. Ken Arnold seconded the motion. Motion carried.
- Discuss and Consider: Adopting Resolution R-23-12 Removing former Vice-President Kenny Dry from the depository contract with First Financial Bank; Adding the new TEDCO/TIDCO Vice- President, Janie Ritter, to the depository contract with First Financial Bank; and keeping Cody Ellis (Chief Executive Officer), George Deffenbaugh (President), and Barbara Kotrlik (Secretary/Treasurer), on the depository contract with First Financial Bank.
Staff presented the resolution to the Boards and explained that former Vice-President Kenny Dry had resigned from the Board at the last meeting, and that officer nominations and elections were also held on the same night. Janie Ritter was elected to fill the role of Vice-President with all other elected officers remaining in their current positions. Staff explained that this standard resolution ensures that former members do not have access to the Tedco/Tidco accounts and that the elected officers and the Chief Executive Officer have the necessary oversight of both accounts.
Motion made by Ken Arnold to adopt Resolution R-23-12 Removing former Vice-President Kenny Dry from the depository contract with First Financial Bank; Adding the new TEDCO/TIDCO Vice- President, Janie Ritter, to the depository contract with First Financial Bank; and keeping Cody Ellis (Chief Executive Officer), George Deffenbaugh (President), and Barbara Kotrlik (Secretary/Treasurer), on the depository contract with First Financial Bank. Barbara Kotrlik seconded the motion. Motion carried.
- Discuss and Consider: Asbestos survey from Enprotec/Hibbs & Todd for 201 North St. and 205 North St.
Staff explained that a good first step to take for the downtown revitalization project would be to have an asbestos survey completed on 201 North Street and 205 North Street. Staff shared that we have learned in the past that Enprotec/Hibbs & Todd does not have a set fee for their asbestos surveys, and that approving this item with a limit of up to $5,000.00 would be the easiest way to address this issue.
Motion made by Vada Childers to approve the asbestos survey from Enprotec/Hibbs & Todd for 201 North St. & 205 North St. up to $5,000.00 with costs to be evenly split between Tedco and Tidco. Barbara Kotrlik seconded the motion. Motion carried.
- Discussion Only: Executive Director’s report regarding current projects.
Staff shared updates with the Boards regarding Taylor County Judge Phil Crowley’s ruling that the City of Tye is now a wet city and alcohol is now able to be sold within city limits. Staff explained that as the liaison between businesses and the City of Tye, the Executive Director has personally worked with Store Managers, Regional Managers, and District Managers to make sure they have all of the information necessary to make this change in their retail locations.
- Adjournment: Motion made by Barbara Kotrlik to adjourn at 8:03 PM. Linda Parsons seconded the motion. Motion carried.
__________________________ ______________________________
George Deffenbaugh/President Cody Ellis/CEO
