The Seagoville Economic Development Corporation Board of Directors will meet Thursday, July 16, to consider a proposed $350,000 economic development agreement, hear requests involving downtown properties and discuss several business prospects.
The regular meeting will begin at 6:30 p.m. in the Council Chambers at Seagoville City Hall, 702 N. Highway 175.
Board members are scheduled to begin the meeting by selecting a chair and vice chair for the corporation. The board will also consider approving minutes from its June 25 regular meeting.
A public hearing will be held on a proposed Economic Development Performance Agreement with Gusto Seagoville Plaza. The agreement would provide an amount not to exceed $350,000. The board is scheduled to consider a resolution approving the agreement later in the meeting.
Several local business and property requests are also on the agenda.
The owner of 1503 N. Kaufman Street is expected to present a request for an SEDC facade grant. Enlightened Cafe will make a presentation concerning a proposed lease for property at 107 N. Kaufman Street.
Paleteria Daisy is also scheduled to request a facade grant for site improvements. The agenda does not specify the requested amounts for the facade grants or the proposed terms of the Enlightened Cafe lease.
The board is expected to enter a closed executive session to discuss confidential commercial or financial information and potential incentives involving several business prospects.
Those discussions may include 1503 N. Kaufman Street, Enlightened Cafe, Paleteria Daisy, Gusto Seagoville Plaza, 2405 N. U.S. Highway 175, KRR Malloy Bridge Retail and a development identified as Project Nexus.
Board members may return to open session and take action resulting from the closed-door discussions.
The meeting will also include public comments, community-interest reports from board members and discussion of possible items for future agendas.
Residents wishing to address the board must submit a speaker request form to the board chair. Speakers addressing matters not listed on the agenda will generally receive up to three minutes. The board may not deliberate on unposted matters but may provide factual information, explain existing policy or place the subject on a future agenda.
