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MIN 01.30.2003 CC-S (2)TIMMIMTES OF jL WORKSHOP OF THE ECONOMIC DEVELOPMENT COMMISSION AND THE GOVERNING BODY CITY OF • ' •TEXAS Council Present: Gary Nelon, Gabe Sansing, Doug Smith, Jack Noble, Sam Pfiester, Farley Snell and Ken Evans Economic Development Commission (EDC) Present: Gordon Baker, Henry Boecker, Henry Carr, Kathryn Heidemann, Edward O'Rourke, Russell Peterman, and Richard Smith Staff Present: Paul Brandenburg, Tom Yantis, Micki Rundell, Charlie Walker, Sandra Lee, Tina Dunbar A. The meeting was called to order by Mayor Gary Nelon at 5:00 p.m. B. Discussion of Principles for Economic Development Incentives City Manager Paul Brandenburg reviewed the recent history of economic development efforts and gave the current status. EDC President Gordon Baker introduced EDC Member Henry Carr who reported on the Principles for Incentives and called them a guide for development of policy. He said the Principles concerned three major areas: Protection of Taxpayers, Ranking of Incentives or Preferences, and Full Disclosure of Any Negotiated Deal. He said the guidelines from the EDC are an attempt to streamline and make efficient the City departments that deal with economic prospects. He recommended that Council accept the principles and asked for public commitment at the next City Council Meeting. There was discussion. C. The meeting was adjourned at 6:00 p.m. Approved: Attest: 6,klue Gary Neon, Mayor Sandra D. Lee, City Secretary Special Workshop with Economic Development Commission Page 1 of 1 Page