REGULAR MEETING OF THE CITY OF RED OAK

ECONOMIC DEVELOPMENT CORPORATION

TUESDAY, OCTOBER 23, 2007 – 7:00 PM

RED OAK CITY HALL

200 LAKEVIEW PARKWAY

RED OAK, TEXAS

MINUTES

1. Call to Order - President Pilarski called the meeting to order at 7:00 p.m.

2. NEW BUSINESS

A. Consideration of approving the minutes of the September 25, 2007, Regular Meeting of the Red Oak Economic Development Corporation.

Member Edwards made the motion, seconded by Vice President Comer to accept the minutes as read.  The motion was unanimous.

B. Consideration of excusing the absence of Margaret Comer, Bob Eldridge and Tim Lightfoot from the August 28, 2007 Regular Meeting of the Red Oak Economic Development Corporation and the absence of Kris Reeder from the September 25, 2007 Regular Meeting of the Red Oak Economic Development Corporation.

Member Edwards made the motion, seconded by Member Knight to excuse the absence of Margaret Comer. Bob Eldridge and Tim Lightfoot from the August 28, 2007 Regular Meeting of the Red Oak Economic Development Corporation and the absence of Kris Reeder from the September 25, 2007 Regular Meeting of the Red Oak Economic Development Corporation.  The motion was unanimous.

C. Discussion concerning criteria issues for retail developments.

Discussion only.  No action taken. The Board discussed several issues facing retail development in Red Oak. The Board felt that workshops with the IDC, Chamber of Commerce, P&Z and Council would be helpful in determining the best strategy to clean up some of the substandard development along our major thoroughfares. A plan to purchase property along the interstate was discussed. It was suggested that purchasing segments of frontage may be feasible & that these segments should be prioritized. Other methods could potentially be utilized on segments that were further down on the prioritization list. The Board was also very concerned that the property owners be treated fairly. Another idea discussed was to build new City facilities such as a recreation center along the thoroughfares to enhance the area. Other items such as interchanges would be worked on concurrently, but would probably be a longer term process.

Board Members also committed to making contacts with retailers. Staff will be forwarding contact information for several retailers/developers to them and preparing an introduction letter for them to sign.

III.   STAFF COMMENTS AND REPORTS

A.  Todd Fuller, Director of Economic Development - Update on the ICSC “Texas Conference & Dealmaking” event in San Antonio.

IV.   ADJOURNMENT
Member Lightfoot made the motion to adjourn the meeting at 8:30 p.m. The motion was unanimous.

Submitted by: __________________________

Margaret Comer, Vice President

Attested:                                                

Dana Argumaniz, Economic Development

Administrative Assistant