Forney EDC June 12 2014 approves incentive for Mama's Daughters, reviews prelim budget

The Forney Economic Development Corp, during its regular meeting on June 12, 2014 with City Manager Brooks acting as FEDC Director after the resignation of Kim Buttram:

• After holding a public hearing, and hearing a brief statement by the applicant that many Forney folks have told her how much they missed having a downtown cafe, approved a financial incentive for Mama's Daughters Diner Forney of $35,900 ($10,000 of which was facade grant);
• Treasurers report shows at 67% of the Fiscal Year, revenues stand at 76%, expenses at 65%; $45,000 remain in the project fund balance; the Bond balance is $1.247 million.
• Reviewed a preliminary budget presented by City Manager Brooks, which may be voted on in July;
• held executive session, after which no action was taken.