January 13, 2022 Board Meeting

Meeting Date:

January 13, 2022

Meeting Time:

9:30 am

Meeting Location:

Denison Development Alliance, 311 W. Woodard Street, Denison TX 75020

Public Notice

The Denison Development Alliance will meet in a regular session beginning on Thursday, January 13, 2022, at 9:30 A.M. in the Conference Room at the Denison Development Alliance, 311 West Woodard Street, Denison, Texas. An agenda listing items to be considered at that time is as follows:

Call to Order

1. Consider approval of the regular called meeting minutes held December 16, 2021.
2. Consider approval of the November 2021 financial reports.
3. Review monthly investment report.
4. Consider approval of a reimbursement resolution for project expenditures anticipated to occur prior to the issuance of tax-exempt bonds related to the demolition/remediation of the Johns Manville facilities.
5. Consider entering into an interlocal agreement with the City of Denison to make the debt service payments on $7.7 million dollars of certificate of obligation bonds to be used to cover the cost of $4.7 million fo the demolition/remediation of the former Johns Manville property and the upgrade of a $3 million dollar sewer line that serves retail sites located on Highway 75.
6. Consider amending the DDA budget to add a line item for “infrastructure” in the amount of $271,000 to fund the engineering cost to design a sewer line serving retail sites on Highway 75.
7. Consider amending the DDA budget to insert $4.7 million in the existing line item for the estimated cost for the demolition/remediation of the former Johns Manville property.
8. Monthly staff reports.
9. Executive Session: Pursuant to Chapter 551, Texas Government Code, DDA reserves the right to convene into Executive Session(s), during the course of this meeting to discuss any of the matters listed above, deemed necessary on any posted agenda item, as permitted by law or to discuss the following:
   • 551.087 – DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS
     Consider incentives, if any, for Project GRANT, Project HIGHWAY, Project WEST, Project RED RIVER, and Project PAN.

Following the closed Executive Session, the Board will reconvene in open public session and take such action as may be desirable or necessary as a result of the closed deliberations.

In compliance with the Americans with Disabilities Act, the Denison Development Alliance will provide for reasonable accommodations for persons attending the Board meeting. To better serve you, requests should be received 48 hours prior to the meetings. Please contact Denison Development Alliance at (903) 464-0883.

Agenda & Minutes