CITY OF RISING STAR
RSEDC
MINUTES
TTUESDAY, AUGUST 11, 2020
104 N MILLER
RISING STAR, TX 76471
6:00 PM
AGENDA ITEM #1 CALL TO ORDER
The meeting was called to order at 6:04 p.m. by President Bob McCormick.
Members Present: Bonnie Mashburn, Tricia Nall, Brandi Morris, Lacy Harrelson
Members Absent: Peggy Agnew, Bruce Rivers
Guest Present: Betsy Herron, Nancy Bostick, John Mashburn, Calista Rimer, Angela Fortune, Bryan James
AGENDA ITEM #2 PLEDGE OF ALLEGIANCE AND INVOCATION
Pledge of Allegiance was said by all and Invocation was led by McCormick.
AGENDA ITEM #3 CITIZENS INPUT
Betsy Herron – Betsy is there on behalf of Backroads Bistro. She can vouch for them that the construction has been a lot of their problem as to getting set up on the lot located at 501 N. Main. They have had no access to the lot since construction started. There was also a water leak right in front of the lot that as caused a problem getting access.
Nancy Bostick – Would like to join the RSEDC if a spot comes available.
AGENDA ITEM #4 DISCUSSION AND APPROVAL OF MINUTES
REGULAR MEETING, FEB 11, 2020
Motion was made by Nall and seconded by Harrelson to approve Minutes for Regular Meeting, Feb 11, 2020.
Motion Carried 5-0
AGENDA ITEM #5 DISCUSSION AND APPROVAL OF STAFF REPORTS:
Financial Updates
Motion was made by Harrelson and seconded by Nall to approve Financial Updates.
Motion Carried 5-0
AGENDA ITEM #6 DISCUSSION WITH POSSIBLE APPROVAL OF PROPOSED BUDGET FOR FISCAL YEAR 2020-2021.
Motion was made by Mashburn and seconded by Nall to approve Proposed Budget for Fiscal Year 2020-2021.
Motion Carried 5-0
AGENDA ITEM #7 WOODSTOCK ACQUISITION CORPORATION – REQUESTING GRANT/LOAN FOR BUSINESS – DISCUSSION WITH POSSIBLE APPROVAL OF FUNDS REQUESTED.
Motion was made by Mashburn and seconded by Harrelson to table Agenda Item #7.
Motion Carried 5-0
AGENDA ITEM #8 WENDY AND BRITT VAUGHN – REQUESTING GRANT/LOAN FOR BUSINESS – DISCUSSION WITH POSSIBLE APPROVAL OF FUNDS REQUESTED.
Agenda Item #8 canceled due to Wendy and Britt Vaughn not having packet ready. They plan on having everything ready for next RSEDC Meeting.
AGENDA ITEM #9 UPDATE ON CRAZY HORSE
Business is in default. No longer in business. Melissa Payne is paying back $25 a month at this time. Loan amount was $10,000.00 plus interest in the amount of $240.00. Total amount that has been paid back is $746.00 leaving a balance of $9494.00.
AGENDA ITEM #10 UPDATE ON WILLIE V’S
Business is up and running. Open 5 days a week. Mon thru Fri 8am to 5pm. 2 employees. Loan amount was $18,000 plus interest in the amount of $540.00. Total amount that has been paid back is $5950.00. Balance depends on if they are in business or not, if they are in business and a total of $9,270 has been paid back then they will be granted the remainder amount of $9,270. If they are not in business at that point then the remainder $9,270 must be paid back to the RSEDC.
AGENDA ITEM #11 BACKROADS BISTRO – DISCUSSION WITH POSSIBLE CONSIDERATION TO DETERMINE IF BACKROADS BISTRO IS CONSIDERED STILL IN BUSINESS.
Motion was made by Mashburn and seconded by Nall to accept payment of $4525.00 which pays off half of the loan/grant as agreed in contract and grant them the remaining amount of $7,725.00.
Motion Carried 4-1
McCormick abstained.
AGENDA ITEM #12 BACKROADS BISTRO – DISCUSSION WITH POSSIBLE APPROVAL FOR THE RSEDC TO TAKE BACK OWNERSHIP OF PROPOERTY LOCATED AT 501 N. MAIN.
Motion was made by Harrelson and seconded by Nall to table Agenda Item #12.
Motion Carried 5-0
AGENDA ITEM #13 CYNDI HAMMOND – DISCUSSION WITH POSSIBLE APPROVAL OF THE OPTION TO LEASE OR BUY THE PROPERTY OWNED BY THE RSEDC LOCATED AT 501 N. MAIN FOR HER NEW BUSINESS VENTURE.
Property located at 501 N. Main is pending to Backroads Bistro at this time.
AGENDA ITEM #14 UPDATE ON BEE HAPPY BAKED GOODS.
This is a fairly new business. Opened up in April 2020. Payments are up to date. Open 5 days a week.
Tuesday thru Saturday 8am to 5pm. They have 3-5 employees.
AGENDA ITEM #15 DISCUSSION WITH POSSIBLE APPROVAL OF REPLACING BRICKS FROM THE RSEDC HUGHES DOWNTOWN PARK AND ALSO PLACING ANOTHER ORDER OF BRICKS.
Motion was made by Nall and seconded by Morris to approve replacing bricks from the RSEDC Hughes Downtown Park and will also be placing an order for another round of bricks for those that have not purchased any. Orders must be in by Oc13, 2020.
Motion Carried 5-0
AGENDA ITEM #16 MEMBER COMMENTS
McCormick would like to know when his 2-year term on the RSEDC is up. Morris will look into that.
Morris – Next RSEDC Meeting will be on Oct 13, 2020.
AGENDA ITEM #17 ADJOURN
Motion was made by Morris and seconded by Harrelson to adjourn.
Motion Carried 5-0
Time: 7:41 p.m.