Mar 09, 2016 Economic Development Partnership Board on 2016-03-09 11:00 AM

Meeting Details

Meeting Date:	March 09, 2016
Board:	Economic Development Partnership Board
Video ID:	13599

Has Transcript:	Yes
Has Agenda:	Yes

Source Video Agenda URL

AI Summary by Dentron 3000

Meeting Summary: Economic Development Partnership Board Date: March 9, 2016 Time: 11:00 AM Location: Denton Chamber of Commerce Board Room, Denton, Texas

Key Topics and Discussions The board convened for a Work Session, Closed Meeting, and Regular Meeting to address the following agenda items: - Review of a proposed manufacturing project by Samuel, Son, & Co., Limited in the Westpark TIRZ (EDP16-009) - Review of an economic development incentive application for Sally Beauty Company, Inc. (EDP16-015) - Closed session deliberations on economic development negotiations and financial incentives for Samuel, Son, & Co., Limited (EDP16-011) and Sally Beauty Company, Inc. (EDP16-012), pursuant to Texas Government Code Section 551.087 - Consideration of approval for the February 10, 2016 meeting minutes (EDP16-013) - Consideration of recommendations to the Denton City Council regarding economic development incentives for both companies (EDP16-010, EDP16-014) - Concluding items including public inquiries and community announcements per Texas Open Meetings Act Sections 551.042 and 551.0415

Motions, Votes, and Outcomes No transcript or official minutes were provided in the submitted materials. Consequently, no record of motions, voting results, or meeting outcomes is available for documentation.

Decisions Made Based on the provided materials, no formal decisions were recorded. The agenda outlined items for consideration and recommendation to the City Council, but final determinations are not documented in the available text.

Action Items or Next Steps - Staff to receive board direction regarding the Samuel, Son, & Co., Limited project and Sally Beauty Company, Inc. incentive. - Board to formulate recommendations to the Denton City Council for both incentive packages. - City Secretary to maintain meeting records and post notices per Texas Open Meetings Act requirements.

Note: The provided transcript contains only [BLANK_AUDIO]. This summary reflects the scheduled agenda items. Official outcomes, votes, and decisions should be verified against the finalized meeting minutes.

Transcript

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Agenda

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                    City of Denton City Hall
215 E. McKinney St.
Denton, Texas 76201
www.cityofdenton.com
Meeting Agenda
Economic Development Partnership Board
Wednesday, March 9, 2016 11:00 AM Chamber of Commerce
After determining that a quorum is present, the Economic Development Partnership Board of the City
of Denton, Texas, will convene in a Work Session on Wednesday, March 9, 2016 at 11:00 a.m. in the
Board Room of the Denton Chamber of Commerce, located at 414 W. Parkway, Denton, Texas at
which the following items will be considered:
1. WORK SESSION
A. EDP16-009 Receive a report, hold a discussion, and give staff direction regarding a proposed
manufacturing project by Samuel, Son, & Co., Limited to be located in the
Westpark TIRZ.
B. EDP16-015 Receive a report, hold a discussion, and give staff direction regarding an economic
development incentive for Sally Beauty Company, Inc.
Attachments: Exhibit 1- Sally Beauty Incentive Application Packet
Following the completion of the Work Session, the Economic Development Partnership Board will
convene in a Closed Meeting to consider specific items when these items are listed below under the
Closed Meeting section of this agenda. The Economic Development Partnership Board reserves the
right to adjourn into a Closed Meeting on any item on its open meeting agenda consistent with Chapter
551 of the Texas Government Code, as amended, or as otherwise allowed by law.
1. CLOSED MEETING
A. EDP16-011 Deliberations regarding Economic Development Negotiations - Under Texas
Government Code Section 551.087.
Receive a report, hold a discussion, and give staff direction regarding an economic
development incentive for Samuel, Son, & Co., Limited. This discussion shall
include commercial and financial information the City has received from Samuel,
Son, & Co., Limited, which the City seeks to have locate, stay, or expand in or near
the territory of the city, and with which the Economic Development Partnership
Board is conducting economic development negot…
                    
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