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HomeMy WebLinkAboutFDEDC Minutes 09-10-2024fpu's Friendswood Downtown Economic Development Corporation (FDEDC) Meeting Minutes of September 10t", 2024 — 4:00 P.M. City Hall Council Chambers 910 S. Friendswood Drive, Friendswood, Texas 77546 1. Call to order The meeting was called to order at 4:00 p.m. with a quorum present. Present: Dr. Rebecca Hillenburg, President; Paul Marx, Secretary/Treasurer; Ron Cox, Member; Arden Trey Hill, Member; Scott Mackenzie, Member; Chris Richardson, Member Staff members present: Steven Rhea, Assistant City Manager; Karen Horner, City Attorney; Aubrey Harbin, Director of Community Development; Kristina Cuellar, Secretary Councilmembers: Sally Branson Absent: Elmer "Bubba" Johnson, Vice President 2. Citizen comments Mayor Mike Foreman thanked Alton Todd and Pat McGinnis for their time spent in FDEDC. 3. Approval of Minutes A. Consider the approval of the minutes of the Friendswood Downtown Economic Development Corporation Meeting held on August 13, 2024. Motion to Approve: Cox Second: Mackenzie Vote: 6/0 Approved 4. Discussion and Possible Action A. Consider adopting the proposed Friendswood Downtown Economic Development Corporation Fiscal Year 2025 budget. Rhea presented the proposed FY25 Budget. Motion to Approve: Mackenzie Second: Marx Vote: 6/0 Approved B. Consider approving a professional services agreement with UP Art Studio, LLC for the Keep Friendswood Beautiful Electrical Box Artwork Project. Motion to Approve upon the approval of Texas Department of Transportation: Hill Second: Marx Vote: 6/0 Approved 5. Reports A. Receive the FM 518 Illumination Project report. Not much movement in the project from last month. An update on removing the powerlines, Engineering is now looking into quotes from companies that will provide 'turnkey' service. B. Receive the Friendswood Downtown Economic Development Corporation Financial Report for August 2024. Rhea presented the updated financial report with a $2,803,875 Beginning Fund Balance for August 2024, added revenue of $92,970 and expenditures of $1,333 including staff services. The Ending Fund Balance is $2,895,512 with an Unencumbered Fund Balance for August 2024 of $2,044,033. C. Recognition of past board members. Board members thanked Alton Todd and Patrick McGinnis for their dedicated years of service to FDEDC. 6. Adjournment With no further business to discuss, the meeting was adjourned at 4:44 p.m.