IDC

NOTICE OF MEETING
INDUSTRIAL DEVELOPMENT CORPORATION
TUESDAY, JULY 12, 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 - June 7, 2022

Documents:
  1. Draft Minutes_06072022.pdf
V.

Public Comment on Agenda Items


VI.

Annual Meeting

  1. Board Orientation
  2. Election of Officers
  • State Law, Articles of Incorporation, Bylaws, City Contract, Board Policies
VII.

Project Consideration

A.    Discuss and Consider revisions to the Economic Development Grant Agreement for the Pelican Island Bridge Replacement Project 

Documents:
  1. rev PELICAN ISLAND BRIDGE PROJECT-2 _ 7.1_rev mh 7.8.22.pdf
VIII.

Sales Tax Extension

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

Documents:
  1. SALES TAX ELECTION BALLOT LANGUAGE draft 07.06.22.pdf
  2. PRIMARY JOBS (002)_definition_2022.pdf
IX.

Administrative Matters

A.

Discuss and Receive Update on Current or Completed IDC Projects

Documents:
  1. Open Projects_FY22- July 2022 Meeting IDC as of 5.31.2022_rev 7.8.22.pdf
B.

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

Documents:
  1. Forecasting - IDC ED Silo as of 12.2021_mh 7.8.22_opt 3.pdf
  2. Forecasting - IDC Public Infra as of 3.31.2022_opt 2_draft 07.08.22.pdf
  3. Forecasting - IDC Beach Silo as of 3.2022_v2_mh 07.8.22.pdf
  4. Forecasting - IDC Parks Silo as of 3.31.2022_mh 07.08.22.pdf
  5. Funds Available_FY22- July 2022 Meeting IDC Spreadsheet as of 5.31.2022.pdf
C.

Discuss Fiscal Year 2023 Budget

D.

Discuss and Consider FY22 Calendar (M. Hay)

Documents:
  1. IDC calendar 2022_mhay_rev 07.08.22.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 July 8, 2022 at 4:20 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).