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Gunbarrel EDC budget approved; council clears hiring of EDC director and OKs process for exterior-sign incentive
Summary
Council adopted the Gunbarrel City Economic Development Corporation 2025-26 budget, approved an employment contract for a new EDC director and advanced a proposed $8,000 reimbursement agreement for a business sign to a public-notice period.
The Gunbarrel City Council adopted the Gunbarrel City Economic Development Corporation (EDC) fiscal 2025-26 budget and approved an employment agreement for the EDC director following council action.
City staff said the EDC board approved the budget at its August meeting by a 5-2 vote. Dr. Smith presented the EDC materials, noting the corporation holds about $2.3 million in reserves and that the budget was conservative to preserve flexibility for future incentive programs. The council adopted Resolution R-2025-006 approving the EDC budget by unanimous roll call.
Separately, the council approved an employment agreement with Charles Houck for the EDC director position after interviews and negotiation; the motion passed by roll call (Burns yes, Evans no, Jacobs yes, Berson no, Edwards yes). Houck (appearing as the candidate) was present during the vote and welcomed aboard.
On a related EDC matter, the council held a first reading of Resolution R-2025-007 concerning a potential performance agreement with D and D Main Street Bar and Grill LLC for an exterior digital sign. The EDC recommended an $8,000 reimbursement toward a $22,926 LED sign purchase; the council advanced the item and staff noted a required 60-day publication period before a final performance agreement would be considered. The EDC attorney will draft the agreement with performance conditions (employee requirements, timeline) for consideration at the next meeting.
No final incentive payment or performance agreement was executed at the meeting; the publication and 60-day waiting period were noted as prerequisites to any future reimbursement.
