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1. |
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MINUTES |
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1. |
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The Board will approve the Minutes of the LEDA Board of Directors Meeting of October 26, 2022.
Motion by Barry Orr, seconded by Chris Carpenter, to approve the minutes of the LEDA Board of Directors Meeting of October 26, 2022.
Vote: 9-0 Motion carried by the Board
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2. |
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EXECUTIVE SESSION This meeting was called into a closed session at 8:35 a.m. under the provisions of Section 551, Texas Government Code. The meeting was called back into a public session at 10:01 a.m. |
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1. |
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Hold an executive session in accordance with Texas Government Code Section 551.087 to (1) discuss or deliberate in regard to commercial or financial information that LEDA has received from business prospects seeking to locate, stay or expand, in the Lubbock area, or, (2) to deliberate the offer of a financial or other incentive to business prospects described in (1) above. This will include the project and goals update, and monthly activity reports, quarterly reports of Carolyn Rowley, Director of Business Retention & Innovation, David Rushing of Director of Business Recruitment, and reports related to financial, budget, audit reports, and matters related to the Lubbock Business Park, Lubbock Rail Port, and neighboring property and workforce/training projects. Others may also participate in this report including but not limited to, John Osborne, Jana Johnston, Christine Allen, Katherine White, Katy Christy, Jorge Quirino, Chris Rankin, Mayor Tray Payne, Mr. Jarrett Atkinson, City Manager, George Williford and Jason Hughes with Hilltop Securities, Jerry Kyle and Ben Morse with Orrick, Herrington & Sutcliffe, LLP join in on Zoom, members of City Council and Brianna Gerardi, Director of Business Development with the City of Lubbock. |
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2. |
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Hold an executive session in accordance with Texas Government Code Section 551.072 to deliberate the purchase, exchange, lease or value of real property. |
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3. |
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Hold an executive session in accordance with Texas Government Code Section 551.071 to discuss legal matters. |
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4. |
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Hold an executive session in accordance with Texas Government Code Section 551.074 to deliberate the appointment, employment, goals, compensation, evaluation, reassignment of duties, discipline, or dismissal of employee(s) or to hear a complaint or charge against an employee(s). |
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3. |
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REGULAR SESSION |
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1. |
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The Board will consider a resolution to approve the October 2022 LEDA Financial Report. Jana Johnston, chief financial officer/chief operating officer for LEDA, gave a presentation and answered questions from the Board and City Council.
Motion by SuzAnn Kirby, seconded by Dr. John Opperman, to approve the October 2022 LEDA Financial Report.
Vote: 9-0 Motion carried by the Board
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2. |
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Presentation of project update and monthly activity reports for Workforce Development. Christine Allen, director of workforce development & Foreign-Trade Zone 260 for LEDA, gave a presentation and answered questions from the Board and City Council. |
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3. |
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Presentation of project update and monthly reports of Marketing and Communication activities. This item was deleted. |
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4. |
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Discuss and the Board will consider action to approve submitting an application to the Texas Workforce Commission for the 10th High Demand Job Training Grant in an amount not to exceed $400,000.
Motion by Barry Orr, seconded by Chris Carpenter, to approve the submission of an application to the Texas Workforce Commission for the 10th High Demand Job Training Grant in an amount not to exceed $400,000.
Vote: 9-0 Motion carried by the Board
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5. |
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The Board will consider a resolution to approve a request for extension of the inspection period to the purchase and sale agreement with Bandera Ventures. *This item was deleted. |
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6. |
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The Board will consider the adoption of a resolution expressing intent to reimburse expenditures to be incurred. *This item was deleted. |
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7. |
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The Board will consider the adoption of a resolution authorizing the issuance, sale and delivery of Lubbock Economic Development Alliance, Inc. Sales Tax Revenue Bond, in one or more series; establishing procedures and delegating authority for the sale and delivery of the bonds; and enacting other provisions relating to the subject. *This item was deleted. |
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8. |
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The Board will consider action, if needed, including the adoption of resolutions, to offer financial and other incentives to business prospects or other matters considered in Executive Session and ratification of performance agreements that have been approved by the Board. *This item was deleted. |
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The Board will negotiate a performance agreement with Project Phoenix. *This item was deleted.
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9. |
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Discuss and the Board will consider action, if needed, on matters relating to the Lubbock Business Park, Lubbock Rail Port and active projects, including but not limited to plans for current and possible future uses of the land, zoning, platting, mapping, marketing, services and utilities to and from the properties, and any other matters related to the possible uses of the land. This discussion and possible action on matters involving the properties may include but not be limited to the following items: *This item was deleted. |
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The Board will consider a resolution to sell approximately 0.5 (½) acre of land at fair market value (FMV) to Market Lubbock. *This item was deleted.
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2. |
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Discuss the current status of the plans for developing the parks. *This item was deleted.
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3. |
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Discuss the current status of efforts to use the properties by businesses. *This item was deleted.
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4. |
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Update on the progress of the properties and any matters related to contractors and/or contracts. *This item was deleted.
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Discuss and the Board will consider action, if needed, on possible financing options for improvements to the properties. *This item was deleted.
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Discuss and the Board will consider action, if needed, on proposed future development of the properties with construction and engineering projects and related contracts, regarding projects and the development at LEDA properties. *This item was deleted.
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Discuss and the Board will consider action, if needed, on property to be used for future economic development opportunities. *This item was deleted.
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10. |
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Architectural Review Committee Report *This item was deleted. |
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11. |
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CEO Report *This item was deleted. |
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1. |
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Employment Data Update *This item was deleted.
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12. |
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Chairman’s Report *This item was deleted. |