Jul 21, 2025 Economic Development Corp. (Type A)

[1.CALL TO ORDER]

[00:00:02]

ALL RIGHT. GOOD AFTERNOON EVERYBODY. IT'S 4:01.

WE'LL CALL THE JULY 22ND OR 21ST ECONOMIC DEVELOPMENT TYPE 4A MEETING TO ORDER.

DAN IS IN HAWAII, SO I GET TO DO THE DREW THE SHORT STRAW TO DO THE MEETING TODAY.

SO OUR FIRST ITEM IS CITIZENS APPEARANCE. AND THIS IS EACH PERSON IN ATTENDANCE WHO DESIRES TO SPEAK TO THE BOARD ON AN ITEM NOT POSTED ON THE AGENDA MAY SPEAK.

NOW, IS THERE ANYBODY WHO WOULD LIKE TO SPEAK? I DON'T SEE IT. SO WE WILL MOVE TO 3A. CONSIDER AND TAKE POSSIBLE ACTION ON THE MINUTES FROM THE JUNE 16TH,

[3.A.Consider and take possible action on the minutes from the June 16, 2025 Economic Development Corporation (Type A) meeting. (Staff Contact: Monica Solko, Deputy City Secretary)]

ANY QUESTIONS OR IF NOT OR I'LL ENTERTAIN A MOTION.

I MAKE A MOTION TO APPROVE THE MINUTES FROM THE JUNE 16TH MEETING.

ALL RIGHT. I GOT A MOTION BY SCOTT AND SECOND BY ANDERSON. ALL IN FAVOR, PLEASE RAISE YOUR HAND. AND THAT PASSES UNANIMOUSLY.

[3.B.Consider and take possible action on a resolution approving a real estate contract for the purchase of real property located at 114 West Ellison Street, Burleson, Texas in response of the bid acceptance to RFP 2025-003 in the amount of $1.1 million dollars. (Staff Contact: Alex Philips, Director of Economic Development)]

ALEX. APPRECIATE IT. GOOD EVENING. BOARD ALEX PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR FOR THE CITY OF BURLESON.

WE DID A REQUEST FOR PROPOSALS ON THIS 114 WEST ELLISON.

WE RELEASED IT ON MARCH 7TH, 2025. THE MINIMUM BID THAT WE HAD IN THE RFP WAS $1.1 MILLION.

THE BUILDING IS CURRENTLY VACANT. PREFERRED DEVELOPMENT SCENARIO IN THE PROPOSAL WAS GROUND FLOOR RETAIL.

SECOND FLOOR OFFICE. 32 MAX HEIGHT. INCORPORATED INTO THE OLD TOWN ARCHITECTURE AND WALKABILITY.

AND IT REQUIRES THAT THE DEVELOPMENT AGREEMENT INCLUDE A WAIVER IN FAVOR OF THE CITY FOR BUILDING PRODUCTS, MATERIALS, AND METHODS UNDER THE TEXAS GOVERNMENT CODE, CHAPTER 3000.

THERE WAS ONLY A SUBTLE SUBMISSION FROM THE BURLESON 4A CORP.

MINIMUM BID WAS 1.1, WAS TO RAISE THE EXISTING BUILDING.

CONCEPT PLAN INCLUDES 10,000FT² TOTAL OF 5000FT² ON THE BOTTOM FOR RETAIL AND SECOND FLOOR 5000FT² FOR OFFICE, ENHANCED PUBLIC PARKING, LANDSCAPING AND WALKABILITY.

EDC WOULD RECRUIT CORPORATE OR REGIONAL HEADQUARTERS FOR OFFICE USERS.

PROJECT DETAILS. THE PURCHASE PRICE IS 1.1 CLOSE ON OR BEFORE SEPTEMBER 25TH OF THIS YEAR.

EDC WOULD TAKE IMMEDIATE OWNERSHIP AND BEGIN PLANS TO RAISE THE BUILDING, CREATE A MARKETING PACKAGE, AND ACTIVELY RECRUIT A CORPORATE OR REGIONAL HEADQUARTER OFFICE USER IN FISCAL YEAR 2026.

REQUESTED ACTION TONIGHT IS APPROVE THE RESOLUTION APPROVING THE REAL ESTATE CONTRACT FOR 114 WEST ELLISON IN THE AMOUNT OF 1.1 MILLION.

HERE TO ANSWER ANY QUESTIONS. THANK YOU ALEX.

ANY QUESTIONS FOR ALEX? NOT, WE'LL ENTERTAIN A MOTION.

I'LL MAKE A MOTION TO APPROVE THE PURCHASE. SECOND.

I GOT A MOTION BY SCOTT AND SECONDED BY BECKER TO APPROVE. ALL IN FAVOR? AND THAT PASSES UNANIMOUSLY. ALL RIGHT. ITEM 3C IS TO CONSIDER AND TAKE POSSIBLE ACTION ON A RESOLUTION AMENDING THE APPROVED BUDGET FOR FISCAL YEAR

[3.C.Consider and take possible action on a resolution amending the approved budget for Fiscal Year 2024-2025 (Resolution #4A06162025AmendAnnualBudget) . (Staff Contact: Kevin Hennessey, Interim Director of Finance)]

IS THAT OKAY? SO THAT WE CAN DO WHAT WE JUST DID IN 3D.

ALL RIGHT. KEVIN. GOOD EVENING. SO I'M HERE TO TALK TO YOU ABOUT A BUDGET AMENDMENT THAT IS INTRINSICALLY TIED TO THE ITEM THAT WE JUST HEARD FROM ALEX ABOUT.

SO THIS IS A BUDGET AMENDMENT FOR THE FISCAL YEAR 2025 TO THE TUNE OF THE $1.1 MILLION FOR THE PURCHASE OF THAT LOCATION. SO THIS IS TO BE USED, AS WE JUST HEARD ABOUT FOR ECONOMIC REDEVELOPMENT.

THE AMOUNT OF $1,100,000 FOR THE PURCHASE OF THE BUILDING AT ONE 114 WEST ELLISON STREET AND THE STAFF RECOMMENDATION IS TO CONSIDER APPROVING THE AMENDMENT TO THE MID-YEAR BUDGET TO INCREASE THE ALLOCATIONS OR THE APPROPRIATIONS FOR $1.1 MILLION TO THE FOR A FUND TO ACCOMMODATE THIS CAPITAL NEED.

THANK YOU. I'LL STAND FOR ANY QUESTIONS. ALL RIGHT. THANK YOU. KEVIN.

ANY QUESTIONS FROM THE BOARD? IF NOT, I'LL ENTERTAIN A MOTION.

I'LL MAKE A MOTION TO APPROVE. OKAY. I'LL SECOND.

MOTION BY BOEDEKER AND SECOND BY ANDERSON. ALL IN FAVOR, PLEASE RAISE YOUR HAND.

AND THAT PASSES UNANIMOUSLY. ALL RIGHT. OUR NEXT ITEM IS ITEM FOUR.

BOARD REQUEST FOR FUTURE AGENDA ITEMS OR REPORTS.

SEE NONE. NO EXECUTIVE SESSION, SO LET'S ADJOURN AT 4:06.

* This transcript was compiled from uncorrected Closed Captioning.