IDC

NOTICE OF MEETING
INDUSTRIAL DEVELOPMENT CORPORATION
MAY 3, 2022 - 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 – April 5, 2022

Documents:
  1. IDC Minutes_04052022.pdf
V.

Public Comment on Agenda Items


VI.

Project Consideration

A.

Discuss and Consider for approval Additional Funding for the Pelican Island Bridge Replacement Project in the amount of $1,000,000. (Economic Development Silo/Infrastructure Silo)

B.

Discuss and give staff direction on the extension of the 4B Sales Tax.

C.

Discuss and consider for approval funding the local match for a Planning Assistant Grant to Update the Sediment Management Strategy in the amount of $150,000. (Beach Silo)

Documents:
  1. Staff Report_PAS Regional Sediment Mgmt Update_bhill 04.25.22.pdf
  2. Galveston IDC Application 8-8-145880 PAS.pdf
VII.

Infrastructure Silo Update

A.

Discuss and Receive an Update from staff on ongoing Infrastructure Projects.

B.

Forecasting – IDC Infrastructure Silo Funding

Documents:
  1. Forecasting - IDC Infra Silo as of 3.31.2022-rev2.pdf
VIII.

Administrative Matters

A.

Discuss and Receive Update on Current or Completed IDC Projects.

Documents:
  1. FY22-Open Projects_May 2022 Meeting IDC_as of 3.31.2022-c.pdf
B.

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

Documents:
  1. FY22- Funds Avail_May 2022 Meeting IDC_as of 3.31.2022.pdf
  2. Forecasting - IDC Beach Silo as of 3.2022_v2_mh 3.31.22.pdf
  3. Forecasting - IDC ED Silo as of 12.2021.pdf
  4. Forecasting - IDC Parks Silo as of 2.25.2022mh.pdf
C.

Discuss and Consider FY22 Calendar. (M. Hay)

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 29, 2022 at 5:15 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).