HomeMy WebLinkAbout02-23-2026 EDC Minutes EULESS DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
MINUTES
February 23, 2026
The Board of Directors of the Euless Development Corporation met on Monday, February
23, 2026, in the Travis Room at the Texas Star Conference Centre, 1400 Texas Star
Parkway, Euless, Texas.
The following persons were in attendance:
Mayor Pro Tem Tim Stinneford
Council Member Jeremy Tompkins
Council Member Eddie Price
Citizen Member David Brown
Citizen Member Carmen Miller
Citizen Member Peter Jones
City Manager Chris Barker, President
Assistant City Manager Steven Viera, First Vice President
Interim Director of Planning and Economic Development Lisa Payne, Second Vice President
Finance Director Janina Jewell, Treasurer
City Secretary/ Chief Governance Officer Kim Sutter, Board Secretary
Library Director Angela Jones
Director of Parks and Community Services Duane Strawn
Assistant Director of Finance Ross Fairclo
Absent:
Mayor Linda Martin, Chairman
ITEM NO. 1. CALL TO ORDER
Director Stinneford called the meeting to order at 5:30 p.m.
ITEM NO. 2 APPROVED MINUTES OF AUGUST 11, 2025
Director Jones motioned to approve the minutes of the August 11, 2025 meeting. Seconded
by Director D. Brown, the motion carried by a unanimous vote.
ITEM NO. 3 ACCEPTED ANNUAL AUDIT FOR FISCAL YEAR ENDING
SEPTEMBER 30, 2025
Treasurer Janina Jewell expressed her appreciation to Audit and Compliance Professional
Jackie Theriot and Assistant Director of Finance Ross Fairclo for their assistance in
preparation for the audit. Ms. Jewell introduced Sarah Dempsey, Audit Partner, Weaver
L.L.P., to present the findings of the annual audit for the fiscal year ending September 30,
2025.
Ms. Dempsey stated that the audit was conducted in accordance with generally accepted
auditing standards and received an Unmodified Opinion, the highest level of assurance
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possible. She further advised that no significant deficiencies or material weaknesses were
identified, and no audit adjustments or passed adjustments were made.
Director Miller motioned to accept the Euless Development Corporation Independent
Auditor's Report from Weaver L.L.P. for the fiscal year ending September 30, 2025.
Seconded by Director Jones, the motion carried unanimously.
ITEM NO. 4 REVIEWED FINANCIAL REPORT FOR THE QUARTER ENDING
DECEMBER 31, 2025
Treasurer Jewell reviewed the Financial Report for the quarter ending December 31,
2025, and stated that sales tax collections through the end of December were$2,081,118,
which represents approximately 27 percent of budget. She added that operating and
capital expenditures were within budget at $1,976,952 approximately 21 percent of
appropriations, and includes year to date capital expenditures of$851,161.
The operating fund ending balance as of December 31, 2025, is $5,010,906.
The remaining balance in the capital projects fund for existing projects not yet completed
is $7,081,757. The designated balance includes funding for the Texas Star Sports
Complex Phase VII, miscellaneous park improvements, irrigation projects, Parks at Texas
Star South Improvements, playground shade structures, Parks at Texas Star South
batting cage area redevelopment, South Euless park improvements, incentives, and
contingencies.
Treasurer Jewell reviewed the balances of the following funds:
Fund Balance
Undesignated Capital Projects Fund $1,020,252 Available for allocation to future
projects.
Debt Service Fund $129,481
Debt Reserve Fund *$400,650
*amount required by covenant is $400,650.
ITEM NO. 5 HEARD REPORTS ON CURRENT AND UPCOMING PROJECTS
Director of Parks and Community Services Duane Strawn presented the Parks update,
including the status of the South Euless Park renovation, and plans for the Parks at Texas
Star North former batting cage area.
Library Director Angela Jones presented the Library update, including the status of the EDC
funded projects:
1) Charlie cart mobile teaching kitchen;
2) Personal Computer replacement
3) Purchase of Library networking equipment;
4) School Resource Officers to assist with afterschool students;
5) Resilent flooring in Children's area;
6) RFID cost came in higher than expected; and
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7) AudioNisual upgrade.
Ms. Jones responded to questions from the Directors.
Interim Planning and Economic Development Director Lisa Payne presented an economic
development update, including commercial and residential development and the status of
the Hurst-Euless-Bedford ISD school renovations.
ITEM NO. 8 ADJOURNED
There being no further business before the Board, the meeting was adjourned at 6:06 p.m.
APPROVED: ATTEST:
Tim Stinne ord Ki Sutter
Director S; retary