Steven Deffibaugh, President, Place 6

Gabriel Rubio, Vice President, Place 1

Kori David, Director, Place 2

Mary Hodges, Director, Place 3

Kenneth Mayberry, Director, Place 4

Damon Williams, Director, Place 5

Georgia Casas, Director, Place 7

CALL TO ORDER

ROLL CALL Steve Deffibaugh

Gabriel RubioKori DavidMary HodgesKenneth MayberryDamon WilliamsGeorgia Casas

INVOCATION

PLEDGE OF ALLEGIANCE

TEXAS PLEDGE "Honor the Texas Flag; I pledge allegiance to thee, Texas, one State under God, one and indivisible."

CITIZEN APPEARANCE Citizens are allowed 3 minutes to speak. The Board is unable to respond to or discuss any issues that are

brought up during this section that are not on the agenda, other than to make statement of specific factualinformation in response to a citizen’s inquiry or to recite existing policy in response to the inquiry.

NOTICE OF REGULAR MEETING COMMUNITY DEVELOPMENT CORPORATIONMEETING AND AGENDA

THE CITY OF PRINCETON, TEXASMarch 2, 2020

A quorum of the City Council or another City Board may be in attendance. It is not a certainty that aquorum or other number of the members of the City Council or another City-affiliated body will attendthe meeting. No official action by the City Council or any City Board or commission, other than thePrinceton Community Development Corporation, shall be taken.

The Community Development Corporation of the City of Princeton will meet in Regular MeetingSession on March 2, 2020 at 3:00 PM at the regular meeting place, the Council Chamber in City Hall,located at 123 W. Princeton Drive in Princeton to discuss the following

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CONSENT AGENDA Consent Agenda: All consent agenda items listed are considered to be routine by the Community

Development Corporation and will be enacted by one motion. There will be no separate discussion of theseitems unless a Board member so requests, in which event the item will be removed from the Consent agendaand considered in its normal sequence on the agenda.

Minutes Discussion and possible action regarding the minutes of the February 3, 2020 RegularCommunity Development Corporation Meeting.

REGULAR AGENDA

2020-CDC-001

Main Street Market Update and discussion regarding the Main Street Market, presented by Nikki Krum, with thePrinceton Chamber of Commerce.

2020-CDC-002

Tour (Farmersville Heritage Museum) Discussion and possible action regarding the traveling tour to the Farmersville Heritage Museumlocated at 205 S. Main St. Farmersville, TX 75442.

2020-CDC-003

Public Hearing (Utility Task Vehicles) Public Hearing, discussion and possible action regarding the purchase of 2 Utility Task Vehiclesfor the purpose of protecting properties including Hike and Bike Trails.

2020-CDC-004

Utility Task Vehicles (CD 2020-03-02-R) Discussion and Possible action regarding the purchase of Utility Task Vehicles to protect hard toaccess business and private properties, including City Hike and Bike Trails.

2020-CDC-005

JJ Book Wilson Park Discussion and possible action regarding an update on J.J. Book Wilson Park.

2020-CDC-006

Multi-Use Fields Discussion and possible action regarding the J.M. Caldwell Sr. Community Park Multi-UseFields.

2020-CDC-007

Community Center Discussion and possible action regarding an update on the Community Center and its contents.

2020-CDC-008

Financial Report as of January 31, 2020 (unaudited) Discussion and possible action regarding the current Economic Development Corporationfinancial statement, sales tax, and fund balance.

2020-CDC-009

Future Agenda Items Consider a request for items to be placed on a future agenda and NOT for discussion.

CDC Minutes 02-03-20.doc

Farmersville Heritage Museum.pdf

Resoluton CD 2020-03-02-R (Unsigned).pdfUTV (1).pptx

CDC - 1.2020.pdf

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REPORT AGENDA - CITY MANAGER 1) City Council meetings for March 2020: Monday, March 9th and Monday, March 23rd at 6:30

p.m.2) Next Regular CDC meeting is Monday, April 6th at 3:00 p.m.3) Civic Day - March 13, 2020 at 4:00 p.m.4) Chamber of Commerce Quarterly Update will be on the next CDC meting on Monday, April 6,2020 at 6:00 p.m.

CDC REPORT AGENDA CDC Board of Directors report about items of community interest regarding which no action will be taken.

ADJOURNMENT

CERTIFICATE I hereby certify the above Notice of Meeting was posted at the Princeton City Hall @ ______________ and copiesthereof were delivered to the Community Development Corporation Board of Directors. ________________________________ Tabatha Monk, City Secretary

STATEMENT FOR ADA COMPLIANCE The City of Princeton acknowledges its responsibility to comply with the Americans with Disabilities Act of 1990.Thus, in order to assist individuals with disabilities who require special services (i.e., sign interpretation services,alternative audio/visual devices, and amanuenses) for participation in or access to the City of Princeton sponsoredpublic programs, services and/or meetings, the City requests the individuals make requests for these services forty-eight (48) hours ahead of the scheduled program, service and/or meeting. To make arrangements, contact TabathaMonk, City Secretary, or other designated official at 972-734-2416. The Community Development Corporationreserves the right to consult in executive session with its attorney and to receive legal advice regarding any itemlisted on this agenda pursuant to Section 551.071(b).

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Minutes

The City of Princeton

Regular Community Development Corporation Meeting of February 3, 2020

The Community Development Corporation(CDC) of the City of Princeton, Texas, met

in regular session in the Council Chamber of City Hall on February 3, 2020 at 3:00 p.m.

The following CDC Board of Directors were present: President Steve Deffibaugh,

Vice President Gabriel Rubio, Director Kori David, Director Kenneth Mayberry, Director

Damon Williams, and Director Georgia Casas.The following Directors were absent:

Director Mary Hodges.The following Staff Members were present: City Manager Derek

Borg, City Secretary Tabatha Monk, Marketing/Communications Manager Debbie

Cooke, Communications Specialist Nakia Patton, Director of Public Works Tommy

Mapp and Director of Parks and Recreation Chase Bryant.

President Deffibaugh called the CDC Meeting to order at 3:00 PM.

President Deffibaugh called roll, present were Vice – President Gabriel Rubio and

CDC Directors Kori David, Kenneth Mayberry, Damon Williams and Georgia

Casas.

President Deffibaugh, led the audience in the invocation.

Director Mayberry then led the audience in the Pledge of Allegiance.

Director Williams then led the audience in the Texas Pledge.

President Deffibaugh announced Citizen Appearance no one spoke under citizens

appearance.

President Deffibaugh announced the Consent Agenda: Consent Agenda: All

consent agenda items listed are considered to be routine by the Community

Development Corporation and will be enacted by one motion. There will be no separate

discussion of these items unless a Board member so requests, in which event the item

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will be removed from the Consent agenda and considered in its normal sequence on the

agenda.Items on the Consent Agenda were: Discussion and possible action regarding

the minutes from the Special Community Development Corporation meeting of January

6, 2020. Vice - President Rubio made a motion to approve the Consent Agenda.

Director Williams seconded the motion to approve. The motion carried

unanimously.

President Deffibaugh then announced the first item under the Regular Agenda:

(Item 1) “Update and Discussion regard the Main Street Market, presented by the

Princeton Chamber of Commerce.” This item was tabled until the next meeting on

March 2, 2020.

President Deffibaugh then announced the second item under the Regular Agenda:

(Item 2) “Update and discussion regarding the Monte Carlo tree project, presented by

Tommy Mapp, Director of Public Works.” No action was needed.

President Deffibaugh then announced the third item under the Regular Agenda:

(Item 3) “Discussion and possible action regarding taking a trip to the Farmersville

Museum.” Director Mayberry made a motion to approve the field trip for next CDC

meeting, March 2nd and a back – up date for April 6th. Vice-President Rubio

seconded the motion. The motion carried unanimously.

President Deffibaugh then announced the fourth item under the Regular Agenda:

(Item 4) “Discussion and possible action regarding the J.M. Caldwell Sr. Community

Park multi-use fields, presented by Kimley-Horn.” No action was needed.

President Deffibaugh then announced the fifth item under the Regular Agenda:

(Item 5) “Discussion and possible action regarding an update on the phasing of JJ

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Book Wilson Park presented by Chase Bryant, Parks and Recreation Director.”

No action was needed.

President Deffibaugh then announced the sixth item under the Regular Agenda:

(Item 6) “Update and discussion regarding all Parks & Recreation projects, presented

by Chase Bryant, Director of Parks & Recreation.” No action was needed.

President Deffibaugh then announced the seventh item under the Regular Agenda:

(Item 7) “Discussion and possible action regarding the current CDC Budget, Debt

information, and Financial Balance Statement.” No action taken.

President Deffibaugh then announced the eighth item under the Regular Agenda:

(Item 8) “Consider a request for items to be placed on future agenda and NOT for

discussion.” President Deffibaugh requested discussion on the purchase of an ATV

type vehicle for the first responders to use in the park on the trails. President

Deffibaugh requested information on the pews in the Community Center.

President Deffibaugh then announced the Report Agenda: City Manager:

Derek Borg spoke on the following items: “Next Regular City Council Meeting, Monday,

February 10, 2020 @6:30 p.m.; City Offices are closed on Monday, February 17, 2020

in observance of President’s day. Next Regular CDC meeting is Monday, March 02,

2020 @ 3:00 p.m.

CDC Board of Directors reports about items of community interest regarding which

no action will be taken: No items reported.

Vice-President Rubio made a motion to adjourn. Director Mayberry seconded

the motion. The motion carried unanimously.

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President Deffibaugh adjourned the meeting at 4:00 p.m.

____________________________ ATTEST:Steve Deffibaugh, DateCDC President

_____________________________________Tabatha Monk, City Secretary Date

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Page 1 of 1

RESOLUTION NO. CD 2020-03-02-R

A RESOLUTION OF THE 4B COMMUNITY DEVELOPMENT CORPORATION ESTABLISHING THE ALLOCATION OF FUNDS FOR A SPECIFIC PROJECT

WHEREAS, the Princeton 4B Corporation is authorized to undertake this “Project” under Subchapter D. Authorized Projects, Section 505.152. “Projects related to Open Space Improvements”, of the Texas Local Government Code; and WHEREAS, the 4B Corporation receives sales tax revenues for “Authorized Projects” within the City; and WHEREAS, the 4B Corporation Held a Public Hearing and Voted on March 3rd, 2020 to allocate Project funding for the purchase of (2) two UTVs, Utility Task Vehicles in order for the first responders to access the open space at the hike and bike trails, municipal parks, and other narrow access points within the City; and WHEREAS, the 4B has determined and finds this “Project” enhances the facilities and open spaces within the city, promotes new or expanded business development, and is suitable for funding from sales tax revenues for the project purchase; and WHEREAS, the staff solicited quotes for the UTVs including the outfitting for the first responders (Exhibit A); and WHEREAS, the providers that will provide the best product and value for the Corporation and the City are listed in Exhibit A, Attached; and WHEREAS, the amount to purchase and outfit the UTVs from the lowest qualified vendors is $56,646; and WHEREAS, the Princeton Community Development Corporation has determined the amount of $56,646.54 be allocated from the 4B Corporations sales tax revenue for the above mentioned project; and

BE IT RESOLVED BY THE PRINCETON COMMUNITY DEVELOPMENT CORPORATION, THAT THE FUNDS ARE HEREBY COMMITTED FOR THE ABOVE MENTIONED PROJECT.

ARTICLE 1.

The amount of $56,646.54 is hereby allocated for the Project.

Effective Date.

Funding Approved by the Princeton Community Development Corporation, March 3rd, 2020. APPROVED: ATTEST: ____________________________________ __________________________________ President, Steve Deffibaugh City Secretary, Tabatha Monk

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PUBLIC SAFETY UTV (EXHIBIT A)

FIRE/RESCUE TEXTRON TRACKER POLARIS RANGER CAN-AM VENDOR

CREW CAB UTV $21,742.00 $32,585.66 $35,207.02 BASS PRO & MCKINNEY POWER SPORTS

FIRE/RESCUE BED $6,803.00 $6,803.00 $6,803.00 QTAC

STRETCHER $824.80 $824.80 $824.80 THE FIRE STORE

TRAILER $2,500.00 $2,500.00 $2,500.00 380 TRAILER SALES

GRAPHICS $118.25 $118.25 $118.25 MCKINNEY SIGNARAMA

WARNING LIGHTS $499.12 $499.12 $499.12 LED OUTFITTERS

TOTAL: $32,487.17 $43,330.83 $45,952.19

POLICE

CREW CAB UTV $21,742.00 $33,276.65 $35,467.61 BASS PRO & MCKINNEY POWER SPORTS

TRAILER $1800.00 $1800.00 $1800.00 380 TRAILER SALES

GRAPHICS $118.25 $118.25 $118.25 MCKINNEY SIGNARAMA

WARNING LIGHTS $499.12 $499.12 $499.12 LED OUTFITTERS

TOTAL: $24,159.37 $35,694.02 $37,884.98

GRAND TOTAL: $56,646.54 $79,024.85 $83,837.17

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Princeton park trails

Currently 6 miles open now

Within 2 years up to 15 miles

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CITY OF PRINCETONBALANCE SHEETCOMMUNITY DEVELOPMENT CORPORATIONJANUARY 31, 2020

CDCASSETS

Cash and cash equivalents 1,816,783$A/R - Sales tax 160,373

Total Assets 1,977,156

LiabilitiesPayables 30,925

Total Liabilities 30,925

Fund BalancesCommitment remaining for:

Debt Service 238,060Projects

Community Center 1,166,947Monte Carlo - street beautification 184,765Park improvements and equipment 4,000Park Master plan 2,000Towne Center park design 62,256Caldwell Park 128,225Veteran's Memorial Park 1,501

Unassigned 158,477Total Fund Balances 1,946,231

Total Liabilities and Fund Balances 1,977,156$

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CITY OF PRINCETONBUDGETARY COMPARISON SCHEDULECOMMUNITY DEVELOPMENT CORPORATIONFOR FOUR MONTHS ENDING JANUARY 31, 2020

Variance withFinal Budget -

Positive PercentageBudget Actual (Negative) of Budget

REVENUESales Taxes 712,500$ 304,333$ (408,167)$ 42.71%Interest Earned 13,000 10,348 (2,652) 79.60%

Total Revenues 725,500 314,681 (410,819) 43.37%

EXPENDITURESPersonnel Costs 86,592 29,873 56,719 34.50%Supplies & Maintenance 6,800 7,446 (646) 109.50%Services - Contract/Legal/Ins 1,700 1,171 529 68.88%Training/Education 2,000 1,137 863 56.85%Advertising, Dues, Publications 500 1,801 (1,301) 360.20%Promotional Services and Marketing 15,000 17,632 (2,632) 117.55%Consulting Services 20,000 - 20,000 0.00%Telephone, Cell, Copier Lease, Printing 2,250 1,062 1,188 47.20%Audit Expense 3,000 - 3,000 0.00%Website Maintenance 500 90 410 18.00%Market Days 5,000 5,000 - 100.00%Automatic Electronic Defibulator 42,461 42,461 - 100.00%Park Master Plan 2,000 - 2,000 0.00%Parkview Heights 2,000 - 2,000 0.00%Community Center 1,245,000 78,053 1,166,947 6.27%Park Equipment 2,000 - 2,000 0.00%Towne Center park design 112,350 50,094 62,256 44.59%Veteran's Memorial Park 11,990 10,489 1,501 87.48%Caldwell Park Improvements 150,000 21,775 128,225 14.52%Monte Carlo - street beautification 184,765 - 184,765 -100.00%Special Events general supplies 5,879 5,879 - 100.00%Debt Service: 2019 Tax Note 195,727 - 195,727 -100.00% 2011 GO 42,333 - 42,333 0.00%

Total Expenditures 2,139,847 273,963 1,865,884 12.80%

Excess of revenues over expenditures (1,414,347) 40,718 (2,276,703) -2.88%

OTHER FINANCING SOURCES (USES)Transfer to Community Events 17,000 4,250 12,750 25.00%

Total other financing sources (uses) 17,000 4,250 12,750 25.00%

Net Change in Fund Balance (1,397,347) 36,468 (2,263,953) -2.61%

Fund Balance, October 1 1,909,763Fund Balance, September 30 1,946,231$ 19

Community Development CorporationSales Tax Comparison

FYE 9/30/2020 FYE 9/30/2019October 75,167$ 59,267$ 15,900$ 26.8%

November 68,793 56,741 12,052 21.2%

December 85,373 * 75,714 9,659 12.8%

January 75,000 * 53,994 21,006 38.9%

February - 54,444 (54,444) -100.0%

March - 71,412 (71,412) -100.0%

April - 61,933 (61,933) -100.0%

May - 60,202 (60,202) -100.0%

June - 69,700 (69,700) -100.0%

July - 66,910 (66,910) -100.0%

August - 65,048 (65,048) -100.0%

September - 74,272 (74,272) -100.0%304,333$ 769,637$ (465,304)$ -60.5%

Budget 712,500$Collected to date 43%

* Estimated: Sales tax monies to be received from State Comptroller These estimates will be updated monthly

Difference

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Community Development CorporationProject Detail - FY2020

AmountBudget Spent to-date

Caldwell Park Improvements 150,000$ 857 Home Depot (Res CD2019-11-12-R-1 for shades at Dog Park $49,678)

19,200 Green Frog - solar lights1,718 Kimley Horn

Market Days 5,000$ 5,000 Chamber of Commerce

AEDs 42,461$ 42,461 Stryker Sales

Towne Center park design 112,350$ 50,094 GFF (Res CD2019-11-12-R-2)

Community Center 1,245,000$ 76,103 Mike Rogers Construction (Res CD2019-10-07-R, $599,981.40 562 Tolunay Wong Eng for civil site work)

325 Kimley Horn1,063 PGAL

Special Events-barricades 5,879$ 5,879 GFF

Veteran's Memorial Park 11,990$ 1,489 Kimley Horn9,000 Tree light maintenance

Monte Carlo street project 184,765$ trees & street signs

Parkview Heights 2,000$

Park equipment 2,000$

Park Master Plan 2,000$

1,763,445$ 213,751$

VendorProject Description

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Beginning Fund Balance October 1, 2018 911,421$

Project Commitments-FY2019:Community Events 17,000Debt Service 55,359Park Master Plan 6,145Parkview Height 185,030Community Center 116,492Caldwell Park Improvements 518,944Disc Golf Course - FY2018 remaining 17,324Veteran's Memorial Park 31,170 (947,464)

Add:Revenues FY 2019 794,5222019 Tax Note Proceeds 1,245,000

Less:Operating Expenditures FY 2019 (93,716)

Unassigned Fund Balance, September 30, 2019 1,909,763$

Beginning Fund Balance October 1, 2019 1,909,763$

Project Commitments-FY2020:Community Events 17,000Debt Service 238,060Chamber of Commerce-Market Days 5,000Special projects 5,879Monte Carlo - trees and street signs 184,765Towne Center park design 112,350Park Improvements-(Parkview Heights) 2,000Park Equipment-(including security cameras) 2,000AED - (committed in FY2019) 42,461Park Master Plan 2,000Caldwell Park 150,000Community Center - construction 1,245,000Veteran's Memorial Park 11,990 (2,018,505)

Add:Projected Revenues FY 2020 725,500

Less:Projected Operating Expenditures FY 2020 (93,392)

Projected Unassigned Fund Balance, September 30, 2020 523,366$

Community Development CorporationFund Balance Summary

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