IDC

NOTICE OF MEETING
INDUSTRIAL DEVELOPMENT CORPORATION
MAY 2, 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 – March 7, 2023 and April 2, 2023

Documents:
  1. IDC Draft Minutes _03072023.pdf
  2. IDC Draft Minutes_04042023.pdf
V.

Public Comment on Agenda Items


VI.

Infrastructure Silo

  1. Update on Financial Forecast – Infrastructure Silo, 7-year Funding Plan
  2. Infrastructure Project Updates


Documents:
  1. Forecasting - IDC Public Infra as of 3.31.2023_mh draft_05.2023 mtg.pdf
VII.

Economic Development Silo - Project-Scholes Airport (M. Shahan)

  1. Discuss and Consider a Resolution of the Board of Directors of the Industrial Development Corporation of the City of Galveston approving funding of $580,000 to fund the 10% local match for an FY2023 Department of Transportation Airport Improvement Program (AIP) grant for Phase One Taxiway E Realignment, Apron Reconstruction, & Drainage Improvements.
  2. Discuss and Consider an Economic Development Agreement between the Industrial Development Corporation and the City of Galveston for $580,000 to fund the 10% local match for an FY2023 Department of Transportation Airport Improvement Program (AIP) grant for Phase One Taxiway E Realignment, Apron Reconstruction, & Drainage Improvements.
Documents:
  1. RES_Scholes International Airport_04.2023.pdf
  2. ORD_Scholes International Airport_IDC agrmnt_04.26.2023.pdf
  3. Scholes Airport Improvement Projects map.pdf
  4. Staff Report - IDC Funding Request for Scholes Airport_TWY E Realignment Apron Reconstruction_Drainage Improvements_03.30.2023_r.pdf
VIII.

Administrative Matters

A.

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

Documents:
  1. Funds Available_FY23- May 2023 IDC Mtg as of 3.31.2023_mh 04.26.23.pdf
  2. Forecasting - IDC Beach Silo as of 1.2023_mh 03.6.23_rev 03.10.23.pdf
  3. Forecasting - IDC Parks Silo as of 12.31.2022-A_mh 03.06.23.pdf
  4. FY23_Forecast ED Silo_03.2023 mtg.pdf
  5. FY23_IDC Op Budget_03.2023.pdf
B.

Discuss and Receive Update on Special Election of Type B Sales Tax Extension (M. Hay)

C.

Discuss and Receive Update on Current or Completed IDC Projects

Documents:
  1. Open Projects_FY23- May 2023 IDC Mtg IDC_mh 04.26.23.pdf
D.

Discuss and Receive Update on Calendar

Documents:
  1. FY23_IDC Calendar_03.2023.pdf
IX.

Request Agenda Items For Future Meetings

X.

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 April 28, 2023 at 1:30 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).