EDC Minutes October 23, 2017

Rosebud Economic Development Corporation

D Brown Library

October 23, 2017

Minutes

1.  Call to order

President Wallace called the meeting to order at 6:00 PM

2.  Roll Call

At the time the meeting was called to order, there was a quorum present including Carson Wallace, Wayne Wilson, Judge Whitfield, Diana Miles, Debra Kimble, and Martha Westerman.  Sherri Humphrey was not present.

3.  Certify Posting

Carson verified with the secretary that the agenda was posted in compliance with the Texas Open Meetings Act.

4.  Introduction of guests

Tiffani Murray   Terry Kimble

5.  Approval of Minutes and Treasurer’s Report

As of September 30, 2017

Incommons Bank $187,227.50

Classis Bank $76, 801.98

Sales Tax $3,376.50

With a motion by Diana and a 2nd by Judge, the vote was unanimous to accept the reports as presented.

6.  Approval of Report of Bills – Paid and Unpaid

None

7.  Discussion and/or action regarding RBEG Grants and subsequent loans – old & new

Tiffani Murray representing Kent Cultivation requested a loan for $75,000 for the purchase and renovation of the property located at 413 W Main for business expansion. With a motion by Wayne and a 2nd by Diana, the vote was unanimous to approve a loan for $75,000 for a term of 15 years to Kent Cultivation for business expansion.  This will go to City Council.

Rosebud Auto remains delinquent and the City Attorney is drafting a letter.  Other loans are current.

8.  Discussion and/or action regarding future EDC projects

None

9.  Discussion and/or action regarding marketing Rosebud and the advertising budget

None

10.  Real Estate/Business/EDC Regional/City of Rosebud Updates/Upcoming Events

October 31 – Halloween on Main St. Blue Santa Kickoff

 

11.  Set date and time for the November 2017 meeting

November 27, 2017 6:00 PM D Brown Library

12.  Adjourn

With a motion by Debra and a 2nd by Diana, the vote was unanimous to adjourn the meeting at 6:45 PM

 

 

___________________________________ ______________________________

Carson Wallace, EDC President Martha Westerman, EDC Secretary

 

 

 

This institution is an equal opportunity provider and employer

 

Contact Us

Rosebud EDC

402 W. Main Street

Rosebud, Texas 76570

254.583.7979

 

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