The URL can be used to link to this page

Home My WebLink About2025-08-11 EDC Minutes EULESS DEVELOPMENT CORPORATION BOARD OF DIRECTORS MINUTES August 11, 2025 The Board of Directors of the Euless Development Corporation met on Monday, August 11, 2025, in the Precouncil Conference Room at City Hall in the Municipal Complex, 201 North Ector Drive, Euless, Texas. The following persons were in attendance: Mayor Pro Tem Tim Stinneford Council Member Eddie Price Council Member Jeremy Tompkins Citizen Member David Brown Citizen Member Peter Jones Citizen Member Carmen Miller City Manager Chris Barker, President Assistant City Manager Lawrence Bryant, First Vice President Finance Director Janina Jewell, Treasurer City Secretary/Chief Governance Officer Kim Sutter, Board Secretary Assistant City Manager Steven Viera Interim Library Director Angela Jones Director of Parks and Community Services Duane Strawn Absent: Mayor Linda Martin, Chairman Interim Director of Planning and Economic Development Lisa Payne, Second Vice President Visitors: None ITEM NO. 1. CALL TO ORDER Director Tim Stinneford called the meeting to order at 5:30 p.m. ITEM NO. 2 APPROVED MEETING MINUTES Director Miller motioned to approve the minutes of the May 12, 2025 meeting as presented. Seconded by Director Brown, the motioned carried by a unanimous vote. ITEM NO. 3 REVIEWED FINANCIAL REPORT FOR THE QUARTER ENDING JUNE 30, 2025 Treasurer Janina Jewell reviewed the Financial Report for the quarter ending June 30, 2025, including revenues and expenditures as follows: Beginning Fund Balance for FY 2024/25 $7,220,259 Revenues Sales Tax Collections $5,853,903 (80 percent of budget) EDC Meeting Minutes Page 2 of 4 August 11, 2025 Interest Income $128,016 Other Revenue $97,056 Total Revenues $6,078,975 Expenditures Parks $1,784,363 Library $938,755 Economic Development $197,776 Other $706,124 Capital Expenditures $4,572,182 Total Expenditures $8,199,200 (68 percent of appropriations) Ending Fund Balance $5,100,034 Additionally, she reviewed the activity related to the debt service and debt reserve funds and provided the current fund balances: Debt Service Fund Balance $250,788 Debt Reserve Fund Balance *$401,125 *amount required by bond covenant is$401,075 ITEM NO. 4. HELD PUBLIC HEARING FOR FISCAL YEAR 2025-2026 BUDGET WHICH PROVIDES CONTINUED FUNDING FOR PARKS AND PARK FACILITIES, LIBRARY IMPROVEMENTS AND ECONOMIC DEVELOPMENT PROJECTS AS SET FORTH IN THE OFFICIAL BALLOT DATED JANUARY 16, 1993. Director Stinneford opened the public hearing at 5:34 p.m. to receive comments related to the proposed Fiscal Year 2025-2026 budget. Treasurer Jewell advised that the EDC Operating Budget is projected to end Fiscal Year 2025 with a fund balance of $4,131,320, which is $2,133,434 more than originally estimated. This is mainly due to increased sale tax revenues, interest income and capital purchases that are not yet complete and will carry forward into Fiscal Year 2026. She reviewed the Fiscal Year 2026 proposed operating budget and advised that sales tax revenues are projected to remain flat and incentives/rebates are projected to decrease. She advised that the expenditures for Fiscal Year 2026 are $5,689,575, and the projected revenues are $7,980,055. Treasurer Jewell outlined the FY2025 approved and the FY2026 recommended capital expenditures associated with the capital projects and each Director presented their requested items to the Board: FY2025 FY2025 FY2026 Budget Projected Proposed FY 2025 Approved Capital Expenditures $6,085,252 $5,210,769 *$874,483 FY 2026 Recommended Capital Expenditures $2,921,806 Total Capital Expenditures $3,796,289 *Access Control Hardware—Library, Art, Family Place Equipment, Library Security EDC Meeting Minutes Page 3 of 4 August 11, 2025 Director of Parks and Community Services Duane Strawn advised that funding is being requested for the CityWorks data service in the amount of$6,000. Interim Library Director Angela Jones presented the following items for funding consideration: Mobile Teaching Kitchen $15,500 RFID Equipment for 1) return shelf; and 2) people counter $21,985 Audio-Visual System Components upgrade $38,652 Resilient vinyl flooring $42,000 PC replacement for public and staff $62,720 Director of Parks and Community Services Strawn presented the proposed capital projects including the South Euless Park Master Plan improvements, and the Parks at Texas Star former batting cage redevelopment, Treasurer Jewell stated that with the approval of the proposed budget, the fund would have a projected ending fund balance of $2,625,511, which exceeds the 60 days of working capital of$935,273. Treasurer Jewell advised that the proposed Debt Reserve Fund is fully funded in the amount of$400,650. Director Stinneford asked to hear from any proponents followed by opponents of the proposed budget. There being no others requesting to speak, Director Stinneford closed the public hearing at 6:09 p.m. ITEM NO. 5. APPROVED FISCAL YEAR 2025-2026 OPERATING AND CAPITAL BUDGET, WHICH PROVIDES FUNDING FOR ONGOING PARK AND PARK FACILITY PROJECTS, LIBRARY IMPROVEMENT, AND ECONOMIC DEVELOPMENT PROJECTS AND PROVIDES FOR DEBT SERVICE AND ADMINISTRATIVE FEES RELATED TO SUCH PROJECTS. Director D. Brown motioned to approve the Fiscal Year 2025-2026 EDC Operating and Capital Budget as presented. Seconded by Director Jones, the motioned carried by a unanimous vote. ITEM NO. 6. HEARD REPORTS ON CURRENT AND UPCOMING PROJECTS. Director of Parks and Community Services Strawn provided an update related to the FY 2025 projects, including the Parks Master Plan, addition of Field Tech 1 position, City Works Software, Christmas decorations, playground shade structures (McCormick Park, Wilshire Park, JA Carr, Midway Park, Parks at Texas Star), synthetic turf installation at Shea, Fenway, and Jacobs fields, and the Parks at Texas Star Improvements. Interim Library Director Jones presented a Library update and highlighted events and programs hosted by the library, including HEB Reads! Summer Reading Challenge, Book EDC Meeting Minutes Page 4 of 4 August 11, 2025 an Expert (Book Browser), Computer Whiz, Legacy Lab, and "Talk To Me". Additionally, she reviewed the FY 2025 statistics related to library services, including program attendance, circulation, and patron visits. City Manager Barker provided a Development update, including the newly constructed Fire Station No. 2, Police and Court facility expansion and renovations, Animal Shelter renovations, Trinity High School renovations, Westdale Hills Apartments, Watercolor urban lofts and single-family residential development, OES Equipment, HTeaO, Gimme & More Beauty Deals, Yaksa Restaurant & Bar, Cambria Hotel, Holiday Inn Express, Glade Parks retail, and the HEB grocery store. In response to an inquiry from Director Miller, City Manager Barker advised that a gas station with a drive-through is under construction at Main Street and Mid Cities Boulevard: In response to an inquiry from Director Jones, City Manager Barker stated that a residential development consisting of approximately ten homes is planned for the site along Glade Road near Gateway Boulevard. ITEM NO. 7. ADJOURN There being no further business before the Board, the meeting was adjourned at 7:02 p.m. APPROVED: ATTEST: £tinnefcd, DSt i Sutter, retary� ��