IDC

NOTICE OF MEETING
INDUSTRIAL DEVELOPMENT CORPORATION
TUESDAY, FEBRUARY 7, 2023 - 9:00 A.M.
CITY HALL - ROOM 204
823 ROSENBERG
GALVESTON, TEXAS
409.797.3510

AGENDA

I.

Declaration of a Quorum

II.

Roll Call

III.

Conflict of Interest Declaration

IV.

Consider Approval of Meeting Minutes – Sept 8, 2022

Documents:
  1. Draft IDC Minutes - Sept 8 2022.pdf
V.

Public Comment on Agenda Items


VI.

Introduction of New IDC Board Member – Keith Bassett, Chamber Appointment

VII.

Discuss and Receive Update from Galveston Economic Development Partnership (K. Gray)

VIII.

Parks Silo

A.

Update on Financial Forecast - Parks Silo, 7-Year Funding Plan

Documents:
  1. Forecasting - IDC Parks Silo as of 12.31.2022_02.03.23.pdf
B.

Project Updates

  1. Discuss and Receive Update on Sandhill Crane Soccer Complex (M. Hay)
  2. Discuss and Receive Update on Parks Projects (B. Sanderson)
Documents:
  1. Staff Report-IDC Project Update_PP3-PP4_rev 02.03.2023.pdf
C.

Project Introduction - Adoue Park Playground

  1. Discuss and Consider Giving Staff Direction on Providing Funding for Adoue Park Playground Equipment 
Documents:
  1. Staff Report-IDC Project Request_Adoue Park 02.03.2023.pdf
IX.

Administrative Matters

A.

Discuss and Receive update from Treasurer on Expenses, available Funds, Forecasts and Investments. (B. Cook)

Documents:
  1. IDC Funds Available_FY23- February 2023 as of 12.31.2022.pdf
  2. IDC Budget worksheet_FY 2022-23_ for 2.2023 mtg.pdf
  3. Galveston Sales Tax Model December 2.6.23.pdf
B.

Discuss and Receive Update on Special Election – 4B Sales Tax Extension

C.

Discuss and Receive Update on Current or Completed IDC Projects

D.

Discuss and Receive Update on Calendar

Documents:
  1. IDC calendar FY 2023.pdf
X.

Request Agenda Items For Future Meetings

XI.

Adjournment

I certify that the above Notice of Meeting was posted in a place convenient to the public in compliance with Chapter 551 of the Texas Government Code on February 3, 2023 at 5:10 P.M.

Janelle Williams

Janelle Williams, City Secretary

*City Council Members may be attending and participating in the discussions

IN ACCORDANCE WITH THE PROVISIONS OF THE AMERICANS WITH DISABILITIES ACT (ADA), PERSONS IN NEED OF A SPECIAL ACCOMMODATION TO PARTICIPATE IN THIS PROCEEDING SHALL, WITHIN THREE (3) DAYS PRIOR TO ANY PROCEEDING, CONTACT THE CITY SECRETARY'S OFFICE, SUITE 201, 823 ROSENBERG, GALVESTON, TEXAS 77550 (409-797-3510).