EDD-WEDA Board Meeting Agenda

Weatherford
REGULAR MEETING
WEATHERFORD ECONOMIC DEVELOPMENT BOARD and
WEATHERFORD ECONOMIC DEVELOPMENT AUTHORITY, INC.
BOARD OF DIRECTORS
Thursday, May 19, 2016; 9:00 AM;
303 Palo Pinto St., City Hall, City Council Chambers, Weatherford, TX
ED B
Weatherford
Economic
Development
Board
Economic Development Dept.
AGENDA
City of Weatherford, TX
1. Call Regular Meeting to Order: the city Weatherford Economic Development Board (City EDB) and the
Weatherford Economic Development Authority, Inc. (WEDA, Inc.) Board of Directors.
2. Approval of the minutes from Regular Meeting held Thursday, April 21, 2016.
3. (WEDA, Inc.) Presentation and Review of FY 14 (10.2014 – 09.2015) Form-990.
4. Monthly Economic Development Report – April 2016.
a. WEDB 2nd Q 2016 CC Report.
5. Citizen Comments on Non-Agenda Items. Residents may address the Board regarding an item that is not listed on the agenda.
Residents MUST complete a registration card and provide their name and address.
The Board requests that comments be limited to three (3) minutes. The Texas Open Meetings Act provides the following: If, at a meeting of a governmental body, a member of the
public or of the governmental body inquires about a subject for which notice has not been given as required by this subchapter, the notice provisions of this subchapter do not
apply to: A statement of specific factual information given in response to the inquiry; or A recitation of existing policy in response to the inquiry. Any deliberation of or decision
about the subject of the inquiry shall be limited to a proposal to place the subject on the agenda for a subsequent meeting.
6. Executive Session – Pursuant to Chapter 551, Texas Government Code, VTCS, (Open Meetings Law): A. In accordance
with the authority contained in Section 551.087 – Deliberations regarding economic development negotiations: a)
Identity Capital, LLC., b) Flying Tire No.1, LLC.
7. Review and consider action on items from Executive Session.
8. Set date, time, & place of next meeting - Thursday, June 16, 2016;
9.
(3rd Thursday),
9:00 AM, City Hall.
Adjourn.
I, the undersigned authority, do hereby certify that this Notice of Meeting was posted on the bulletin board at the City Hall of the City of Weatherford, Texas, a
place convenient and readily accessible to the general public at all times, and said Notice was posted on the following ___May___ _____, 2016, at ________ A.M.
/P.M., and remained so posted at least 2 hours after said meeting was convened.
_______________________________
Malinda Nowell, City Secretary
WEATHERFORD ECONOMIC DEVELOPMENT – City of Weatherford
(817) 594-9429
Fax (817) 594-4786
E-mail: [email protected]
Page 1 of 1
Weatherford Economic Development Board
Board Meeting
Agenda Item
1.
1. Call Regular Meeting to Order: the city Weatherford Economic Development
Board (City EDB) and the Weatherford Economic Development Authority, Inc.
(WEDA, Inc.) Board of Directors.
p.
2
Weatherford Economic Development Board
Board Meeting
Agenda Item
2.
p.
3
MINUTES OF THE WEATHERFORD ECONOMIC DEVELOPMENT BOARD (City
WEDB) and WEATHERFORD ECONOMIC DEVELOPMENT AUTHORITY (WEDA,
Inc.) BOARD OF DIRECTORS, REGULAR MEETING.
THURSDAY, APRIL 21, 2016; 9:00AM IN THE CITY HALL COUNCIL CHAMBERS, 303
PALO PINTO STREET, WEATHERFORD, TEXAS.
1. Call Regular Meeting to Order: the city Weatherford Economic Development Board
(City WEDB) and the Weatherford Economic Development Authority, Inc. (WEDA,
Inc.) Board of Directors.
President Randall Young called the Regular meeting to order of the city Weatherford Economic
Development Board (city WEDB) and the Weatherford Economic Development Authority, Inc.
(WEDA, Inc.) Board of Directors at 9:02 A.M. Present were: President Randall Young, Vice-President Ken Davis, Dr. Kevin Eaton, Dr.
Jeffery Hanks, Mr. Dale Fleeger, Mr. Kevin Cleveland, Ex-officio City Manager Sharon Hayes,
City Attorney Ed Zellers, Assistant City Manager James Hotopp. WEDD Staff: Dennis Clayton,
Nicole Howard. Absent: Secretary Tammy Gazzola.
2. Approval of the minutes from Regular Meeting held Tuesday, March 29, 2016.
President Randall Young called for a motion to approve the minutes from the Regular Meeting
held Tuesday, March 29, 2016.
Motion to approve the minutes from the Regular Meeting held Tuesday, March 29, 2016,
was made by Ken Davis; second by Kevin Cleveland.
Motion carried 6 – 0.
3. Monthly Economic Development Report – March 2016.
Mr. Clayton presented the March report with 11 new prospects for the month with a total of 42
year-to-date, and 10 prospect site visits for a total of 35 year-to-date, both good metrics for the
YTD. He noted that 4 of the 11 prospects are start-up with only 1 or 2 jobs each. He highlighted
the development activities with 2 prospects & follow-ups from the downtown marketing effort and
the Weatherford Chamber “Leadership Weatherford” industry tours led by WEDD. He also
highlighted the very large increase in the sales tax in April [Feb. sales] that makes the year-to-date
up over 5%.
No Action Required or Taken.
a. Update on downtown SEQ marketing effort.
Mr. Clayton presented a report on the owner-led downtown marketing effort including the 04.06
news article, photos of the 2009 and current façade condition, a perspective scale to the corner
rendering, an update of the three direct-mail cards and the marketing banner/poster. President
Young introduced the new Main Street Director, Debra Wakeland. Some discussion followed.
No Action Required or Taken.
4. Citizens Comments on Non-Agenda Items: None
5. Executive Session – Pursuant to Chapter 551, Texas Government Code, VTCS, (Open
Meetings Law): A. In accordance with the authority contained in Section 551.087 –
Deliberations regarding economic development negotiations: a) Identity Capital, LLC.,
b) Downtown Weatherford Development, LLC.
4
President Young called the Executive Session to order at 9:25 A.M. The regular meeting went in
to recess.
President Young closed the Executive Session at 10:12 A.M. and the regular meeting Reconvened.
6. Review and consider action on items from Executive Session.
Motion to recommend that the City Council consider approval of an economic development
agreement for the Identity Capital, LLC project #1 as presented was made by Ken Davis;
seconded by Jeffery Hanks.
Motion carried 6 – 0.
7. Set date, time, & place of next meeting – Thursday, May 19, 2016; (3rd Thursday), 9:00
AM, City Hall.
No Action Required or Taken.
8. Adjourn.
Motion to Adjourn was made by Kevin Cleveland, seconded by Kevin Eaton.
Motion carried 6 – 0. Meeting Adjourned at 10:14 A.M.
ATTEST:
______________________________
President Randall Young
________________________________
Dennis Clayton, Assistant Secretary
5
Weatherford Economic Development Board
Board Meeting
Agenda Item
3.
p.
6
Form
Short Form
Return of Organization Exempt From Income Tax
990'EZ
0 M B No. 1545-1150
i®i4
U n d e r s e c t i o n 501 (c), 5 2 7 , or 4947(a)(1) of t h e Internal R e v e n u e C o d e ( e x c e p t private f o u n d a t i o n s )
Open to Public
Inspection
^ D o n o t e n t e r s o c i a l s e c u r i t y n u m b e r s o n t h i s f o r m a s it m a y b e m a d e p u b l i c .
Department of the Treasury
Internal R e v e n u e Service
• I n f o r m a t i o n a b o u t F o r m 9 9 0 - E Z a n d its i n s t r u c t i o n s is at
A For the 2014 calendar year, or tax y e a r beginning
B
1 Address
1
! Name
www.irs.gov/form990.
, 2014, a n d ending
0 N a m e o f organization
C h e c k if applicable:
1
October 1
change
Weatherford E c o n o m i c Development Authority, Inc.
N u m b e r and street (or P.O. box, ifmail isnot delivered t ostreet address)
change
S e p t e m b e r 30
,20
15
D Employer Identification number
Room/suite
73-1686655
E Telephone number
1 1 Initial r e t u r n
1
1 Final return/terminated
1
1 Amended
return
1 1 Application
G Accounting Metliod:
IZI C a s t i
•
Accrual
Form o forganization:
0
Corporation
Group Exemption
Number
O t h e r (specify)
•
H Check
www.weatherfordtxeda.org
J Tax-exempt status ( c h e c k o n l y o n e ) - •
K
817-594-9429
F
Weatherford, TX 76086-4348
pending
1 Website: •
c / o R a n d a l l Y o u n q , P r e s . , 2 0 2 W. O a k
City or t o w n , state or province, country, and Z I P or foreign postal c o d e
•
••
[ 3 i f t h e o r g a n i z a t i o n i s not
required t oattach Schedule B
501(c)(3)
0
O Trust
501(0) (
6
)-< (insert no.) •
[D Association
4947(a)(1) o r
0527
(Form 990, 990-EZ, o r 990-PF).
CH O t h e r
L A d d lines 5 b , 6 c , a n d 7 bt o line 9 t o d e t e r m i n e g r o s s receipts. If g r o s s receipts a r e $ 2 0 0 , 0 0 0 o r m o r e , o rif total a s s e t s
( P a r t II, c o l u m n (B) b e l o w ) a r e $ 5 0 0 , 0 0 0 o r m o r e , file F o r m 9 9 0 i n s t e a d o f F o r m 9 9 0 - E Z
1
2
3
4
5a
b
c
6
a
c
(U
>(D
b
cc
c
d
in
Q)
in
c
0)
a.
X
UJ
in
^0)
in
in
<
4-»
z
•
j
R e v e n u e , E x p e n s e s , a n d C h a n g e s in Net A s s e t s or F u n d B a l a n c e s ( s e e t h e i n s t r u c t i o n s f o r P a r t I)
C h e c k if t h e o r g a n i z a t i o n u s e d S c h e d u l e O t o r e s p o n d t o a n y q u e s t i o n i n t h i s P a r t I
Contributions, gifts, grants, and similar a m o u n t s received
1
P r o g r a m service revenue including government fees and contracts
2
Membership dues and assessments
3
Investment income
4
Gross amount from sale o fassets other than inventory
. . . .
5a
Less: cost or other basis and sales expenses
5b
G a i n o r (loss) f r o m s a l e o fa s s e t s o t h e r t h a n i n v e n t o r y (Subtract line 5 b f r o m line 5a) . . .
.
5c
G a m i n g and fundralsing events
G r o s s i n c o m e f r o m g a m i n g ( a t t a c h S c h e d u l e G if g r e a t e r t h a n
$15,000)
6a
G r o s s income f r o m fundralsing events (not including $
f r o m f u n d r a l s i n g e v e n t s r e p o r t e d o n l i n e 1) ( a t t a c h S c h e d u l e G i f t h e
s u m of s u c h gross i n c o m e a n d contributions exceeds $15,000) . .
314
20
-0-
of contributions
6b
Less; direct expenses f r o m gaming and fundralsing events
. . .
6c
N e t i n c o m e o r (loss) f r o m g a m i n g a n d f u n d r a l s i n g e v e n t s (add lines 6 a a n d 6 b a n d
line 6c)
subtract
7a
b
c
8
9
10
11
12
13
14
15
16
17
18
19
Gross sales ofinventory, less returns and allowances
7a
Less: cost of g o o d s sold
7b
G r o s s profit o r (loss) f r o m s a l e s o f i n v e n t o r y ( S u b t r a c t line 7 b f r o m line 7a)
O t h e r r e v e n u e ( d e s c r i b e in S c h e d u l e 0 )
Total r e v e n u e . A d d l i n e s 1 , 2 , 3 , 4 , 5 c , 6 d , 7 c , a n d 8
•
G r a n t s a n d s i m i l a r a m o u n t s p a i d (list in S c h e d u l e 0 )
Benefits paid to or for m e m b e r s
Salaries, other compensation, and employee benefits
Professional fees and other payments to independent contractors . .
O c c u p a n c y , rent, utilities, a n d m a i n t e n a n c e
Printing, publications, postage, and shipping
Other expenses (describe in Schedule 0 )
Total e x p e n s e s . A d d l i n e s 1 0 t h r o u g h 1 6
•
E x c e s s o r (deficit) f o r t h e y e a r ( S u b t r a c t line 1 7 f r o m l i n e 9) . . . .
N e t a s s e t s o r f u n d b a l a n c e s a t b e g i n n i n g o f y e a r ( f r o m l i n e 2 7 , c o l u m n (A)) ( m u s t a g r e e w i t h
e n d - o f - y e a r figure reported o n prior year's return)
20
21
O t h e r changes innet assets or f u n d balances (explain inS c h e d u l e 0 ) ,
N e t a s s e t s or f u n d b a l a n c e s at e n d of year. C o m b i n e lines 1 8 t h r o u g h 2 0
For P a p e r w o r k Reduction Act Notice, s e e the s e p a r a t e instructions.
•
-0-
•
Cat. No. 106421
6d
-0-
7c
8
9
10
11
12
13
14
15
16
17
18
-0-0334
80
80
254
19
20
21
44391
44645
Form
990-EZ
(2014)
7
F o r m 9 9 0 - E Z (2014)
P a r t II
Page
B a l a n c e S h e e t s ( s e e t h e i n s t r u c t i o n s f o r P a r t II)
C h e c k i f t h e o r g a n i z a t i o n u s e d S c h e d u l e O t o r e s p o n d t o a n y q u e s t i o n i n t h i s P a r t II
(A) B e g i n n i n g o f y e a r
22
Cash, savings, and investments
23
Land and buildings
24
O t h e r assets (describe in S c h e d u l e 0 )
25
Total assets
26
Total liabilities ( d e s c r i b e i n S c h e d u l e 0 )
27
Net assets or fund balances ( l i n e 2 7 o f c o l u m n ( B ) must a g r e e w i t h l i n e 2 1 )
. .
Statement of Program Service Accomplishments ( s e e t h e i n s t r u c t i o n s f o r P a r t III)
Part 111
C h e c k i f t h e o r g a n i z a t i o n u s e d S c h e d u l e 0 t o r e s p o n d t o a n y q u e s t i o n i n t h i s P a r t III
Community E c o n o m i c Development
W h a t is th e o r g a n i z a t i o n ' s p r i m a r y e x e m p t p u r p o s e ?
22
23
24
25
26
27
46391
-0-046391
2000
44391
.
•
44645
-0-044645
-044645
Expenses
. [7]
D e s c r i b e t h e o r g a n i z a t i o n ' s p r o g r a m s e r v i c e a c c o m p l i s h m e n t s f o r e a c h o f its t h r e e l a r g e s t p r o g r a m s e r v i c e s ,
a s m e a su r e d b y e x p e n s e s . I n a c l e a r a n d c o n c i s e m a n n e r , d e s c r i b e t h e s e r v i c e s p r o v i d e d , t h e n u m b e r o f
p e r s o n s D e n e f i t e d , a n d o t h e r relevant i n f o r m a t i o n for e a c h p r o g r a m title.
28
(B) E n d o f y e a r
2
(Required for section
501(c)(3) a n d 501(c)(4)
organizations; optional for
others.)
E c o n o m i c d e v e l o p m e n t c o r p . d e s i g n a t e d to p r o m o t e , attract & r e t a i n n e w & e x i s t i n g c o m m e r c i a l , i n d u s t r i a l &
retail b u s i n e s s to the C i t y of W e a t h e r f o r d . E c o D e v p r o g r a m f u n d i n g a n d s t a f f s a l a r i e s t r a n s f e r r e d to C i t ^
D e p a r t m e n t a s of O c t o b e r 1 , 2 0 1 3 , v i a in J u l y 2 0 1 3 t h e W e a t h e r f o r d C i t y C o u n c i l a d o p t e d ( s e e S c h e d O)
(Grants $
29
-0-) If t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s , c h e c k h e r e
. . . .
•
•
28a
N/A
D
29a
N/A
30a
N/A
T h e W E D A , I n c , 5 0 1 { c J 6 m a i n t a i n e d a c a s h b a l a n c e a n d : 1 . M a i n t a i n e d c h e c k i n g & MM ( i n t e r e s t bearinjg) b a n k
a c c o u n t s - monthly statements and Q B reports.
(Grants $
30
-o-) If t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s , c h e c k
here
. . . .
•
In M a y 2 0 1 5 t h e W E D A , I n c . B o a r d a j p p r o v e d t h e p a r t i c i j g a t i o n a n d f u n d i n g in t h e N o r t h C e n t r a l T e x a s " R e g i o n a l
L a b o r S t u d y " at a l e v e l of $ 1 5 , 0 0 0 o u t of t h e c o r p o r a t e f u n d b a l a n c e . T h e r e i s n o i n v o i c e or a g r e e m e n t w i t h
N C T R L S , t h e r e i s n o A P , a n d t h e f u n d s h a v e not b e e n e x p e n d e d .
(Grants $
-0-) If t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s , c h e c k
31 O t h e r p r o g r a m s e r v i c e s ( d e s c r i b e i n S c h e d u l e 0 )
(Grants $
) If t h i s a m o u n t i n c l u d e s f o r e i g n g r a n t s , c h e c k
32 Total program service expenses ( a d d l i n e s 2 8 a t h r o u g h 3 1 a )
Part IV
here
.
.
.
.
•
•
. . . .
•
D
31a
N/A
32
List of Officers, Directors, Trustees, a n d Key Employees (list e a c h o n e e v e n if n o t c o m p e n s a t e d — s e e t h e i n s t r u c t i o n s f o r P a r t IV)
C h e c k if t h e o r g a n i z a t i o n u s e d S c h e d u l e 0 t o r e s p o n d t o a n y q u e s t i o n i n t h i s P a r t I V
E
(a) N a m e a n d t i t l e
(b) A v e r a g e
tiours per w e e k
devoted t o position
here
•
(c) R e p o r t a b l e
(d) H e a l t h b e n e f i t s ,
compensation
c o n t r i b u t i o n s t o e m p l o y e e (e) E s t i m a t e d a m o u n t o f
(Forms W-2/1099-MISG)
benefit plans, and
other compensation
(if not paid, enter -0-)
deferred compensation
Mr. C r a i g S w a n c y
Director
0.5
-0-
0.5
-0-
0.5
-0-
0.5
-0-
0.5
-0-
0.5
-0-
0.5
-0-
0.5
-0-
40
-0-
0.5
-0-
0.5
-0-
Mr. D a l e F l e e g e r
Director
Dr. K e v i n E a t o n
Director
Dr. J e f f r e y H a n k s
Director
Mr. R a n d a l l Y o u n g
B o a r d P r e s i d e n t & Director
Mr. K e n D a v i s
B o a r d V i c e - P r e s i d e n t & Director
Ms. T a m m y Gazzola
B o a r d S e c r e t a r y & Director
M s . S h a r o n Hajyes
City Manager & Ex-Officio Director
Mr. D e n n i s C l a ^ o n
D i r e c t o r of E c o D e v ( s e e S c h e d 0)
Mr. W a y m o n
-0-
Hamilton
former B o a r d President & Director
Mr. J e r r y B l a i s d e l l
former City Manager & Ex-Officio Director
Form
990-EZ
(2014)
8
F o r m 9 9 0 - E Z (2014)
PartV
Page
Other Information ( N o t e t h e S c h e d u l e A a n d p e r s o n a l b e n e f i t c o n t r a c t s t a t e m e n t r e q u i r e m e n t s i n t h e
i n s t r u c t i o n s f o r P a r t V ) C h e c k if t h e o r g a n i z a t i o n u s e d S c h e d u l e O t o r e s p o n d t o a n y q u e s t i o n in t h i s P a r t V
Yes
•
No
33
D i d t h e o r g a n i z a t i o n e n g a g e i n a n y s i g n i f i c a n t a c t i v i t y n o t p r e v i o u s l y r e p o r t e d t o t h e I R S ? If " Y e s , " p r o v i d e a
d e t a i l e d d e s c r i p t i o n o f e a c h activity in S c h e d u l e 0
33
/
34
W e r e a n y s i g n i f i c a n t c h a n g e s m a d e t o t h e o r g a n i z i n g o r g o v e r n i n g d o c u m e n t s ? If " Y e s , " a t t a c h a c o n f o r m e d
c o p y o f t h e a m e n d e d d o c u m e n t s if t h e y reflect a c h a n g e t o t h e o r g a n i z a t i o n ' s n a m e . O t h e r w i s e , e x p l a i n t h e
c h a n g e o n Schedule O (see instructions)
34
35a
/
Did the organization have unrelated business gross income o f$1,000 o rm o r e duhng the year from business
activities (such as t h o s e reported on lines 2, 6a, and 7a, a m o n g others)?
b
c
If " Y e s , " t o line 3 5 a , h a s t h e o r g a n i z a t i o n f i l e d a F o r m 9 9 0 - T f o r t h e y e a r ? If " N o , " p r o v i d e a n e x p l a n a t i o n i n S c h e d u l e 0
W a s t h e organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization subject t o section 6033(e) notice,
r e p o r t i n g , a n d p r o x y t a x r e q u i r e m e n t s d u h n g t h e y e a r ? I f " Y e s , " c o m p l e t e S c h e d u l e C , P a r t III
36
3
35a
35b
35c
Did the organization undergo a liquidation, dissolution, termination, o r significant disposition o f net assets
d u r i n g t h e y e a r ? If " Y e s , " c o m p l e t e a p p l i c a b l e p a r t s o f S c h e d u l e N
37a
b
38a
b
39
a
b
40a
36
E n t e r a m o u n t o f p o l i t i c a l e x p e n d i t u r e s , d i r e c t o r i n d i r e c t , a s d e s c r i b e d in t h e i n s t r u c t i o n s •
37a
-oD i d t h e o r g a n i z a t i o n f i l e Form 1120-POL f o r t h i s y e a r ?
37b
D i d t h e o r g a n i z a t i o n b o r r o w f r o m , o r m a k e a n y l o a n s t o , a n y o f f i c e r , d i r e c t o r , t r u s t e e , o r k e y e m p l o y e e or w e r e
a n y s u c h l o a n s m a d e in a prior y e a r a n d still o u t s t a n d i n g at t h e e n d o f t h e t a x y e a r c o v e r e d b y t h i s r e t u r n ? .
38a
If " Y e s , " c o m p l e t e S c h e d u l e L , P a r t II a n d e n t e r t h e t o t a l a m o u n t i n v o l v e d
. . .
38b
S e c t i o n 501(c)(7) organizations. Enter:
Initiation f e e s a n d capital contributions included o n line 9
39a
G r o s s receipts, included o n line 9, for public u s e o fclub facilities
39b
S e c t i o n 501(c)(3) organizations. Enter a m o u n t of tax i m p o s e d o n t h e organization during t h e year under:
section 4911 •
; section 4912 •
; section 4955 •
S e c t i o n 501(c)(3), 501(c)(4), a n d 501(c)(29) organizations. Did t h e organization e n g a g e in a n y section 4 9 5 8
e x c e s s b e n e f i t t r a n s a c t i o n d u h n g t h e y e a r , o r did it e n g a g e i n a n e x c e s s b e n e f i t t r a n s a c t i o n i n a p h o r y e a r
t h a t h a s n o t b e e n r e p o r t e d o n a n y o f its p h o r F o r m s 9 9 0 o r 9 9 0 - E Z ? If " Y e s , " c o m p l e t e S c h e d u l e L , P a r t I
/
40b
S e c t i o n 501(c)(3), 501(c)(4), a n d 501(c)(29) organizations. Enter a m o u n t o f tax i m p o s e d
on organization managers o rdisqualified persons during the year under sections 4912,
4955, and 4958
•
S e c t i o n 501(c)(3), 501(c)(4), a n d 501(c)(29) o r g a n i z a t i o n s . E n t e r a m o u n t o f t a x o n line
4 0 c reimbursed by the organization
•
All o r g a n i z a t i o n s . A t a n y t i m e d u r i n g t h e t a x year, w a s t h e o r g a n i z a t i o n a party t o a prohibited t a x shelter
t r a n s a c t i o n ? If " Y e s , " c o m p l e t e F o r m 8 8 8 6 - T
41
42a
List t h e s t a t e s w i t h w h i c h a c o p y of this r e t u r n isfiled
/
40e
•
T h e o r g a n i z a t i o n ' s b o o k s a r e i n c a r e o f • P f n n i s W ^ . C J a y t o n , pir^^^^
Dev
Telephone no. •
817-598-4302
L o c a t e d a t • 202 W . O a k S t . , W e a t h e r f o r d , T X
Z I P -i- 4 •
76086-4348
A t a n y t i m e d u r i n g t h e c a l e n d a r y e a r , did t h e o r g a n i z a t i o n h a v e a n i n t e r e s t in o r a s i g n a t u r e o r o t h e r a u t h o r i t y o v e r
Yes No
a f i n a n c i a l a c c o u n t in a f o r e i g n c o u n t r y ( s u c h a s a b a n k a c c o u n t , s e c u r i t i e s a c c o u n t , o r o t h e r f i n a n c i a l a c c o u n t ) ?
42b
/
If " Y e s , " e n t e r t h e n a m e o f t h e f o r e i g n c o u n t r y : •
S e e t h e instructions for e x c e p t i o n s a n d filing r e q u i r e m e n t s for F i n C E N F o r m 1 1 4 , R e p o r t o fF o r e i g n B a n k a n d
Financial Accounts (FBAR).
At any t i m e during t h e calendar year, did the organization maintain an office outside the U.S.?
If " Y e s , " e n t e r t h e n a m e o f t h e f o r e i g n c o u n t r y : •
/
42c
43
S e c t i o n 4 9 4 7 ( a ) ( 1 ) n o n e x e m p t c h a r i t a b l e t r u s t s f i l i n g F o r m 9 9 0 - E Z i n l i e u o f Form 1 0 4 1 — C h e c k h e r e
. . .
a n d enter the a m o u n t of t a x - e x e m p t interest received or a c c r u e d during t h e tax year
•
43
44a
D i d t h e o r g a n i z a t i o n m a i n t a i n a n y d o n o r a d v i s e d f u n d s d u r i n g t h e y e a r ? If " Y e s , " F o r m 9 9 0 m u s t b e
completed instead o f F o r m 9 9 0 - E Z
b
D i d t h e o r g a n i z a t i o n o p e r a t e o n e o r m o r e h o s p i t a l f a c i l i t i e s d u r i n g t h e y e a r ? If " Y e s , " F o r m 9 9 0 m u s t b e
completed instead o fF o r m 9 9 0 - E Z
c
d
Did the organization receive any p a y m e n t s for indoor tanning services d u h n g the year?
If " Y e s " t o l i n e 4 4 c , h a s t h e o r g a n i z a t i o n f i l e d a F o r m 7 2 0 t o r e p o r t t h e s e p a y m e n t s ? / f " W o , " provide an
explanation In Schedule O
Yes
45a
b
44a
/
44b
44c
/
/
44d
Did the organization have a controlled entity within the m e a n i n g o fsection 512(b)(13)?
45a
Did t h e organization receive a n y p a y m e n t f r o m or engage in a n y transaction with a controlled entity within the
m e a n i n g o f s e c t i o n 5 1 2 ( b ) ( 1 3 ) ? If " Y e s , " F o r m 9 9 0 a n d S c h e d u l e R m a y n e e d t o b e c o m p l e t e d i n s t e a d o f
F o r m 9 9 0 - E Z (see instructions)
45b
Form
No
990-EZ
/
(2014)
9
Page
F o r m 9 9 0 - E Z (2014)
Yes
46
4
No
Did tlie organization e n g a g e , directly o r indirectly, in political c a m p a i g n activities o n behalf o f o r in opposition
t o c a n d i d a t e s f o r p u b l i c o f f i c e ? If " Y e s , " c o m p l e t e S c h e d u l e C , P a r t I
46
/
S e c t i o n 501(c)(3) organizations only
All s e c t i o n 501(c)(3) o r g a n i z a t i o n s m u s t a n s w e r q u e s t i o n s 4 7 - 4 9 b a n d 5 2 , a n d c o m p l e t e t h e t a b l e s f o r lines
50 and 51.
C h e c k if t h e o r g a n i z a t i o n u s e d S c h e d u l e O t o r e s p o n d t o a n y q u e s t i o n i n t h i s P a r t V l
• .
•
Yes No
Did the organization engage in lobbying activities o r have a section 501(h) election in effect d u h n g the tax
y e a r ? If " Y e s , " c o m p l e t e S c h e d u l e C , P a r t II
47
Part VI
47
48
49a
b
50
48
Is t h e o r g a n i z a t i o n a s c h o o l a s d e s c r i b e d i n s e c t i o n 1 7 0 ( b ) ( 1 ) ( A ) ( i i ) ? If " Y e s , " c o m p l e t e S c h e d u l e E
. . . .
49a
Did the organization m a k e any transfers t o an e x e m p t non-chahtable related organization?
49b
If " Y e s , " w a s t h e r e l a t e d o r g a n i z a t i o n a s e c t i o n 5 2 7 o r g a n i z a t i o n ?
C o m p l e t e this table for t h e organization's five highest c o m p e n s a t e d e m p l o y e e s (other t h a n officers, directors, trustees and key
e m p l o y e e s ) w h o e a c h r e c e i v e d m o r e t h a n $ 1 0 0 , 0 0 0 o f c o m p e n s a t i o n f r o m t h e o r g a n i z a t i o n . If t h e r e i s n o n e , e n t e r " N o n e . "
(b) A v e r a g e
hours per w e e k
devoted t o position
(a) N a m e a n d t i t l e o f e a c h e m p l o y e e
f Total n u m b e r o fother e m p l o y e e s paid over $100,000
51
. . . .
(c) R e p o r t a b l e
compensation
(Forms W-2/1099-MISC)
(d) H e a l t h b e n e f i t s ,
contributions t o employee
benefit plans, and deferred
compensation
(e) E s t i m a t e d a m o u n t o f
other compensation
•
C o m p l e t e this table for the organization's five highest c o m p e n s a t e d independent contractors w h o each received m o r e than
$ 1 0 0 , 0 0 0 o f c o m p e n s a t i o n f r o m t h e o r g a n i z a t i o n . If t h e r e i s n o n e , e n t e r " N o n e . "
(a) N a m e a n d b u s i n e s s a d d r e s s o f e a c h i n d e p e n d e n t
contractor
d Total n u m b e r o fother independent contractors each receiving over $100,000
52
D i d t h e organization complete
c o m p l e t e d S9
A
S c h e d u l e A ? Note. A l l s e c t i o n
,
U n d e r penalties o f p e r j u w , I declare l h a t I h a v e e x a m i n e d this return, inclui
true, correct, a n d c o m p l a l B . Declarsrtion o f p r e p a r e r (otb^r t h a n offl
Sign
Here
(c) C o m p e n s a t i o n
(b) T y p e o f s e n / i c e
.
.•
501(c)(3) organizations
must attach a_
• • Yes •
No
a c c o m p ^ y i n g s c h e d u l e s a n d s t a t e m e n t s , a n d t o t h e b e s t o f m y k n o w l e d g ^ a n d b e l i e f , it i s
o n a i y E l o n n a t i o n o fw h i c h preparer has any knowledge.
Signature o f officer
D e n n i s W. C l a y t o n , D i r e c t o r of E c o n o m i c
Development
T y p e o r print n a m e a n d title
Paid
Preparer
U s e Only
Print/Type preparer's n a m e
Preparer's signature
•
M a y the IRS discuss this return with t h e preparer s h o w n above? S e e instructions
PTIN
Check •
if
self-employed
Firm's EIN
Firm's name
Firm's address
Date
•
Phone no.
•
•
Yes •
Form
990-EZ
No
(2014)
10
SCHEDULE 0
(Form 990 or 990-EZ)
Supplemental Information to Form 990 or 990-EZ
0 M B No. 1545-0047
C o m p l e t e to p r o v i d e i n f o r m a t i o n f o r r e s p o n s e s to s p e c i f i c q u e s t i o n s o n
1(0] 14
F o r m 9 9 0 o r 9 9 0 - E Z o r to p r o v i d e a n y a d d i t i o n a l i n f o r m a t i o n .
Department of the Treasury
Interna! R e v e n u e Service
• A t t a c h to F o r m 990 or 9 9 0 - E Z .
• Information a b o u t S c h e d u l e 0 (Form 990 or 9 9 0 - E Z ) and its instructions is at
www.irs.gov/form990.
N a m e o f t h e organization
Open to Public
Inspection
Employer identification number
Weatherford E c o n o m i c Development Authority, Inc.
73-1686655
Pa/AlLL'.yn?.28:.(cont.^amendrn^^
Econotnic Deye[oj3me
P ? J A ! y A k L ? L 9 f . 0 f R ? ? r s , Trus^^^^
(PIRO.^M.: cp_n]pensatjqn i s p a i d d^
For P a p e r w o r k R e d u c t i o n A c t Notice, s e e the Instructions for F o r m 990 or 9 9 0 - E Z .
Cat.N o .51056K
Schedule O (Form 9 9 0 or 9 9 0 - E Z ) (2014)
11
Weatherford Economic Development Board
Board Meeting
Agenda Item
4.
p.
12
Weatherford
EDB
MONTHLY
Economic Development Report – APRIL 2016
Weatherford
Economic
Development
Board
Weatherford Economic Development, Dennis W. Clayton, CEcD, AIA – Director of Economic Dev
12 Prospects: 395 jobs; est. $49.7 MM CI; 5 Local; 6 DFW; 1 Out-of-State; YTD: 54!
 6 Retail: 5K SF SEQ/NEZ family restaurant; 5K SF SEQ/NEZ franchise restaurant; 100K SF
grocer; 7K SF rent car/car wash lease search; 2K SF SEQ/NEZ family restaurant; 10K SF/3.2 &
4.8 ac industrial park land – shop-space & c-store; > 4 Commercial: 20K SF Sr assisted living
center; 16K SF collision cntr & used cars; 20K SF/100 bed youth residential/equine therapy
center; 3.2 & 4.8 ac Industrial Park land search; > 2 Industrial: 20K SF metal fabrication &
concrete sub-contractor expansion; Project Sun Down (OGGAbbott) – 30-40K SF BTS cattle feed
mfgr.
60
50
40
120
41
38
39
42
24
30
2013 YE
2014 YE
21
20
20
38 35
100
14
15
15
10
2015 YE
2016 YTD
Economic Development Dept.
City of Weatherford, TX
107
96
88
80
54
60
55
48
45
40
40
20
0
0
Retail
Industrial
Commercial
Prospects
Site Visits
5 Site Visits: 135 jobs; est. $7.6 MM CI; 58K SF; 3 Local, 2 DFW; YTD: 40.
 4 Retail: 5K SF SEQ/NEZ family restaurant; 18K SF SEQ/NEZ (4 units) restaurant marketing campaign & street
dev; 15K SF downtown/NEZ retail & commercial BRE Re-dev & expansion; 10K SF/3.2 & 4.8 ac industrial park
land – shop space & c-store;
114 118
 1 Industrial: 10K SF food mfgr – SBDC consultant & business start contacts.
120
18 Requests for Information (RFI’s): 12 Local, 5 DFW, 1 Out-of-State; YTD: 58.
1 SBA-SBDC (Tarleton St. U.) business consults at WEDD: 1 food mfgr – 1 Local; 8 YTD.
100
80
82
73
58
60
40
20
Development Activities:
0
RFI's
A. Retail:
1. 7K SF rent car/car wash site search: a) RE agent contacts, b) traffic counts.
2. 3.25/4.8 ac – 5K SF shop-space/s-store dev: a) industrial park land for sale, b) TAR RE contract submitted, c)
WPCEDC Board review.
13
B. Commercial:
1. 40K SF Sr Assisted Living apartment dev: a) zoning, b) plat layout (GIS), c) GIS aerial site, d) RE agent contact.
2. 74K SF entertainment center: a) iconic landmark options for “mural”, b) Chamber resource for landmark priority
and photos, c) short-term/summer housing options.
3. 20K SF/5-plus acre/100 bed youth residential/equine therapy center, a) existing building & “rural”
land/stable options, b) tours scheduled 05.05.16.
C. Industrial:
1. 5.7 ac/10K SF N.G. Services on RWMH: a) city building requirements/annexation, b) Hobson Industrial Park land
for sale.
2. 10K SF food mfgr: a) SBDC consult, b) TX A&M & TX DHFG contacts, c) TX Sec of State & State Bar contact for
business structure.
Community & Existing business visits/resources: 1) Plains Capital Bank – 10-years celebration 04.08; 2) Caliber
Collision – permit status (land owner); 3) Paschall Insurance – prospect brochure; 4) Justice Burger - John Stephen to Rotary
(2); 5) Cendera Funding Mortgage – Willow Park/Aledo – Joey Howington, a) Growth & Dev in Wfrd, b) future Weatherford Realtor
lunch RT; 6) Absolute Noise Control (ANC) – Daron Gribble a) 5.7 ac on RWMH – City annexation & building requirements, b)
Hobson Ind Park land for sale. 7) Enterprise Car Rental – Cris Altman, Cushman Wakefield RE – new lease options & RE agent
contacts. 8) Faithbridge Properties, a) Morningstar dev contact for PCHD services; 9) United Way of PC Board meeting.
a. BLC MEETING, Wednesday, April 6, 2016; 1) Economic Development report – March 2016, 2) Update on City Tax
Increment Reinvestment Zone No. 1 “Transportation Investment Partnership” (TIP), i) Banner & Agenda for City
“General Plan” Open houses April 6, 8, 9, 16th; 3) Discuss Downtown Destination Marketing – i) SEQ direct mailcampaign & prospects, ii) SEQ licensing franchise opportunities, iii) Need for local option election for downtown alcohol
sales; 4) Local state of the economy – Your business sector outlook? Your customer’s pulse or attitude? 10 members
present, 2 staff.
Program Development:
1. WPCEDC Industrial Park Board meeting; a) Annual Stockholders/Board election meeting; b) Annual Board of Directors
meeting, i) Elect officers, ii) YTD financial/investment committee report; iii) Industrial Park real estate (land) activity report, 1)
For Sale sign installed & inquiries, 2) Power Service building progress – complete, 3) re-plat RWMH west lots & development
requirements/city water line extension, 4) review deed restrictions.
2. TIRZ No.1 – CC03.22 TIRZ Ordinance approved, a) 04.14 – Wfrd College Board presentation.
3. 04.12 CC staff report – Downtown SEQ development & marketing campaign.
4. Total retail SF survey, a) request from city of Sherman, b) 3.3MM SF (with motel cluster) c) 3.7MM SF w/ all auto dealers.
5. Eco Dev Program to GMWAR – Association of Realtors monthly lunch program.
6. CMO/CC “6 mo. YTD Dept. Report” submitted; a) 42 prospects, b) 35 site visits, c) 4 new businesses, d) 4 eco dev
agreements approved.
7. 2017 WEDD Budget submitted.
8. Wfrd Telegram interview/article – 120 N. Main new NEZ business – Jordan Taylor & Co.
14
Weatherford
EDA
Key Economic Indicators “On-the-Watch!”
Weatherford
Economic
Development
Authority,
Inc.
May 2016
City - Annual Sales & Use Tax Trends
2005 – Weatherford MarketPlace Shopping
Center – Lowe’s, Target & Kohl’s
2016 FYTD: +3.91%
$8,000
$2,699 $3,377 $3,151 $4,000
$2,920 $6,000
$9,166 $10,838 $9,648 $9,970
$8,641 $8,832 $8,236 $3,742 $10,000
Dec(Oct) – (-5,92%)
Jan. (Nov.) – +1.73%)
Feb.(Dec.) - +0.86%
Mar.(Jan.) - +5.05%
Apr.(Feb.) - +19.99%
May(Mar.) - -2.30%
$11,301 $8,162 $7,307 $6,669 $5,689 +8.60% 2011 FYE
$5,145 $5,191 $4,897 $5,042 +9.24% 2012 FYE
$4,141 $5,630 $5,503
$12,000
2013 FYE: +3.33%
2014 FYE: +6.29%
2015 FYE: +6.18%
+3.33% 2013 FYE
+6.29% 2014 FYE
$2,000 $1,356 +6.18% 2015 FYE
Source: State Comptroller’s Office
Weatherford
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1990
$0
2016…
+3.79% - 2016 FYTD
2016 YTD vs. 2015 YTD
15
Weatherford
EDA
Key Economic Indicators “On-the-Watch!”
Weatherford
Economic
Development
Authority,
Inc.
May 2016
$914.8
$937.2
FY 2016
$844.7
$844.2
$859.4
$875.9
2015
$946.4
$1,022.5
$817.9
$822.3
2014
$844.4
$886.2
$1,046.6
$926.5
$1,071.3
$843.5
$810.3
$1212.8
$748.0
$702.9
$800.0
$878.0
$900.0
$787.8
$863.0
$1,000.0
838.64
$1,100.0
$770.0
$891.5
$1,200.0
$719.3
$771.4
$1,300.0
$1,008.0
$1,202.4
City 2015 vs. FY 2016 Sales & Use Tax Trends
$700.0
$600.0
-2.30% - May 2016 (Mar.); +3.91%YTD
$500.0
$400.0
+19.99% - Apr. 2016 (Feb.); +5.79%YTD
+5.05% - Mar. 2016 (Jan.); +0.003%YTD
$300.0
+0.86%-Feb.2016 (Dec.); (-0.11%)[+1.23%]YTD
$200.0
+1.73% - Jan. 2016 (Nov.); (-2.17%)YTD
$100.0
$0.0
(-5.92%) - Dec. 2015 (Oct.); (-5.92%)YTD
Source: State Comptroller’s Office
Dec.
(Oct.)
Jan.
(Nov.)
Feb.
(Dec.)
Mar.
(Jan.)
Apr.
(Feb.)
May
(Mar.)
June
(Apr)
July
(May)
Aug
(June)
Sept
(July)
Oct
(Aug)
Nov
(Sept)
16
Weatherford
EDA
Weatherford & All Parker County (PC)(estimated)
Weatherford
Economic
Development
Authority,
Inc.
New Residential Building Permits
April 2016
Weatherford
550
500
Parker Cty ‐ All 6 Cities
2016 YTD “Value” = $14,024,961; (-17.7%) (vs. $17,059,875)-2015
(1) Source: Ci ty of Weatherford Pl anning & 514
Development Dept.
2015 YTD “Value” UP! = $41,584,913; +15.1%
2014 YE “Value” UP! = $36,139,813; +16.0%! (vs. $31,044,303)12-2013
465
2016 “Avg” YTD: $200,357(2016)/$203,094(2015)
450
400
Column1
All
PC – “Estimate”
2015 “Avg” YE: $202,853(2015)/$183,450(2014)
2014 “Avg” YE: $183,450(2014)/$190,456(2013)
400
370
350
300
Est. Est.
280
314
283 327
241
250
200
262
213
175
150
269
264
225
220
216
185
163
193
197 205
163
139 159
120
134
140
84
100
70
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development
2012
2013
2014
2015
2015 ‐ YTD 2016 ‐ 4
mo
17
Weatherford
EDA
City of Weatherford;
Weatherford
Economic
Development
Authority,
Inc.
New Commercial Building Permits
April 2016
130
2016 YTD Value “UP!”
2016 YTD: 47- $43,960,423 vs. 24- $4,592,740(2015)
Mar. 2016: 11 - $20,805,676 vs. 4 110 Feb. 2016: 22 - $16,484,277 vs. 5 - $851,950(2015)
Jan. 2016: 6 - $1,705,063 vs. 9 - $1,141,617(2015 )
2016:
Feb. - 13 WISD Bond Program - $15, 173,000
March: 1 – WISD New Hall Jr Hi - $18,655,000
Total: 14 - WISD Bond Program - $33,828,000
2015 YE: 86-$33,336,396 vs. 57-$23,679,916(2014)
2014 YE: 57- $23,679,396 +107%; vs. 2013 - $11,431,861(2013)
2013 YE: 61-$11,431,861 (-58.2%); vs. 2012 - $27,301,648 (2012)
64
52 64
50
38
30
37
43
28 4032
29
29
22
28
32
55
54
86
84
76
73
70
Prior to 2011 – Since, data not avail.
(1) Source: City of Weatherford Planning & Development Dept
$308,181(2015 )
90
Parker Cty ‐ All 6 Cities (1)
Parker Co. – All 6 Cities (1):
Wfrd ‐ Comm ONLY
62
80
66
64 61
57
47
37
24
21 23
10
2000
‐10
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2015 ‐ 2016 ‐4
YTD
mo.
18
Weatherford Economic Development Board
Board Meeting
Agenda Item
4.a.
4.a. WEDB 2nd Q 2016 CC Report.
p.
19
Weatherford
6 MONTH YTD Economic Development Report: OCT 2015 – MAR 2016.
Weatherford Economic Development,
Dennis W. Clayton, CEcD, AIA – Director of Economic Dev
2015 WEDB GOALS & MARKETING PLAN: WEDB Vision Statement:
“Weatherford TX – “The Western Gateway Business Centre of the DFW
Metroplex”
ED B
Weatherford
Economic
Development
Board
Economic Development Dept.
City of Weatherford, TX
I. Goal - Increase Job Diversity; A) Retail development & recruitment, B) Primary industrial/manufacturing &
commercial & C) Community marketing to increase (maintain) jobs, tax base & sales tax.
II. Goal - Engage historic fabric & Quality of Life: A) Diverse Historic Downtown & North Side mixed use:
residential, technology, retail & commercial dev., B) Market & Recruit the development of entertainment & recreation.
III. Goal – Diversify Development and Infrastructure: A) Market & promote the 2016 TIRZone, 2013 CTP
Thoroughfare Plan, PC East Loop & 2016/2017 P&D General Plan, B) Due-diligence on infrastructure services &
development w/city departments.
IV. Goal: Build Board & Community resource: A) Business Leadership Committee (BLC) (to WEDB): Business
insight, B) Source for business incentives, programs and implementation strategies with City Council, WEDB, CMO,
P&D/P&Z, CIP/PW, MUB & Main St.
42 Prospects: 8 Local; 24 DFW; 2 In-State; 8 (3 Int’l) Out-of-State.
 17 Retail; 11 Commercial/Services; 13 Industrial; 1 Retail-TX ICSC(retail) EXPO – Dallas.
35 Site Visits: 750 jobs; est. $83.2 MM CI; 10 Local, 19 DFW; 3 In-State; 3 Out-of-State.
 19 Retail; 11 Commercial/Services; 5 Industrial
4 New Business Locations/Expansions: 1 Local; 3 DFW; 1) QT Travel Center – 7K SF/$4MM
CI/15 jobs – under construction; 2) NEZ “Justice Burger” restaurant – 2.5K SF/$50K CI/15 jobs; 3)
Raising Cane’s Franchise restaurant – 5K SF/$1MM CI/15 jobs; 4) Downtown NEZ “Jordan Taylor &
Co.” Home Décor & Gifts – 9K SF/$200K CI/7 jobs.
7 Annual Eco Dev Agreement AUDITS: 1) Sweet Springs Winery, Dwntwn NEZ, 2.2K SF, $260K
CI, 6 FT/PT jobs; 2) Weatherford I20/Main St, LP-Weatherford Ridge SC-Phase III, 85K SF, $12.5MM
CI, 185/33 FT jobs; 3) Lowes’ 10-year eco dev agreement review (to Fin Dept.); 4) KEG1 O’Neal, 75K
SF, $10MM CI, 95 jobs; 5) Just Peachy Home Décor, Dwntwn NEZ, 4K SF, $160K CI, 2 jobs; 6)
Twisted Snifter, Dwntwn NEZ, 5K SF, $120K CI, 4 jobs; 7) AMG Technology/NextLink, 5K SF,
$200K CI,45 jobs.
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Program Development:
1. 4 Economic Development Agreements (EDA) and 1 TIRZ- No.1:
a. 12.15 CC - Power Service 103K SF WH/fulfillment
center – Supp Agreement No.1.
TX Office of Governor Greg Abbott:
b. 01.12 CC - Eco Dev Agreement-2.5K SF Hist. Dwntwn “Wide Open for Business,” site selection Ad.
NEZ restaurant.
c. 02.09 CC - Power Service 103K SF WH/fulfillment
center – Supp Agreement No.2.
d. 03.08 CC - Eco Dev Agreement – 9K SF Downtown NEZ
Home Décor & Gifts.
e. 03.22 CC - TIRZ No. 1-“TIP” NOI and Policies &
Ordinance.
2. 03.29.16 Final Report CMO Economic Development Strategic
Plan/Work Plan.
3. TX ICSC (retail) EXPO – Dallas, 11.05 & 06.
4. Weatherford Chamber of Commerce “Leadership Weatherford
– Industry Day”: a) WEDD growth & dev overview, b)
Industry tours – i) KEG1, ii) RIM Manufacturing, iii) Power
Service Products (new WH), iv) JAMAK Fabrication.
5. Marketing Ad placements:
a. TX Real Estate Business - Nov. issue, 11.05.15 TX ICSC
retail Trade show-Dallas; WEDD 4X6 ad.
b. Community News - 2015 “Your Parker County” edition,
Weatherford growth & dev interview; 4X10 ad.
c. REDNews – 01.2016 editorial/feature –“North Texas
Development Boom” ¼-page ad placement.
d. Wfrd Star-Telegram – 2016 “Parker County Strong”
progress edition – “Weatherford Growth & Population
Strength” article.
e. Wfrd Democrat – Natural gas industry “slow-down” impact
on City & County interview.
f. TX Office of Governor Greg Abbott: - “Wide Open for
Business,” site selection publication – annual 1/3 vert. ad
placement.
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2
Weatherford Economic Development Board
Board Meeting
Agenda Item
5.
’
5. Citizen Comments on Non-Agenda Items.
Residents may address the Board regarding an
item that is not listed on the agenda. Residents MUST complete a registration card and provide their name
and address.
The Board requests that comments be limited to three (3) minutes. The Texas Open Meetings Act provides the following: If, at a meeting of a
governmental body, a member of the public or of the governmental body inquires about a subject for which notice has not been given as required
by this subchapter, the notice provisions of this subchapter do not apply to: A statement of specific factual information given in response to the
inquiry; or A recitation of existing policy in response to the inquiry. Any deliberation of or decision about the subject of the inquiry shall be limited
to a proposal to place the subject on the agenda for a subsequent meeting.
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22
Weatherford Economic Development Board
Board Meeting
Agenda Item
6.
‘6. Executive Session - Pursuant to Chapter 551, Texas Government Code,
VTCS, (Open Meetings Law): A. In accordance with the authority contained in
Section 551.087- Deliberations regarding economic development negotiations: a)
Identity Capital, LLC.
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23
Weatherford Economic Development Board
Board Meeting
Agenda Item
7.
7. Review and Consider Action on items from Executive Session.
p.
24
Weatherford Economic Development Board
Board Meeting
Agenda Item
8.
8. Set date, time, and place of next meeting - Thursday, June 16, 2016 –
(3rd Thursday), 9:00 AM, City Council Chambers
9. Adjourn.
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