Rob Ard

The meeting addressed several key agenda items, including the approval of the May 3, 2021 minutes. Monthly Financial and Investment Reports for April, May, and June 2021 were reviewed, detailing rent revenue, disbursements, and total cash and investments as of June 30, 2021. Committee reports from Contract Negotiations, Construction, and Finance were noted as having no updates at the time. The existing slate of officers (President, Vice President, Secretary, Treasurer, Assistant Secretary) was confirmed without a vote due to no changes in assignments. The Corporation authorized a reimbursement to the City for the period of April 1, 2021, through June 30, 2021. The members approved an increase in pay for Suite Coordinators to $145 per Racing Day. Funding approval was granted for Action Park Alliance Skate Park Repairs and Upgrades, not to exceed $225,000. The proposed budget for FY2021-2022 and an amendment to the FY2020-2021 budget were approved. A report on Lone Star Park operations, including spring season success and COVID practices, was also presented.

The Board meeting included the presentation of the Reimbursement Request for Phase One of Three of the Calvary Church/Downtown Asbestos Remediation and Demolition Project, which has an estimated cost of $209,352. The board discussed the auction of salvaged items from the church and subsequently approved the requested $209,352 for Phase One. Additionally, the Special District Administrator provided the financial report update for TIF 1 as of April 30, 2025.

Key discussions included the review of Monthly Financial and Investment Reports for January through June 2022, noting total cash and investments of $11,707,257 as of June 30, 2022. The Corporation approved changes to the Assistant Secretary position. Authorization was granted to reimburse the City for Committee expenditures made between January 1, 2022, and June 30, 2022. A resolution was approved to contribute funds for four tables to support the Lone Star Park 25th Anniversary Event. Furthermore, the FY 2022-2023 Proposed Budget was approved, with no significant changes noted from the previous fiscal year's budget outline. A report on Lone Star Park operations was provided, addressing CAFX status, project completions, and operational concerns regarding food service lines.

This document outlines the City Council's goals for 2026, focusing on urban development, economic vitality, and community well-being. Key priorities include attracting grocery stores to food desert areas, improving city streets, and preparing for a 2026 bond package to fund initiatives in public safety, community development, and recreational facilities such as a pickleball complex and botanical garden. Further objectives encompass revitalizing the historic downtown, developing an infrastructure master plan for transportation and fiber optics, supporting green energy, and establishing a small business enterprise program. The plan also aims to pursue attainable single-family housing, secure floodplain mitigation, attract higher education partnerships, and provide incentives for unique retail stores.

The regular meeting included the approval of the November 15, 2021 minutes. Key agenda items involved a review of the Monthly Financial and Investment Reports for October, November, and December 2021, detailing base rent, additional rent, interest earnings, and total cash/investments. The corporation also authorized reimbursement to the City of Grand Prairie for expenditures covering October 1, 2021, through December 31, 2021. A presentation on the Action Park Alliance Skate Park Construction Update detailed improvements and an anticipated completion in April or May. Finally, the committee approved increasing Capital Expenditure Funds by $25,000, from $50,000 to $75,000, for improvements to the City Suite at Lone Star Park.