HEDCO

After several separate meetings for both HEDCO (Henderson Economic Development Corporation) and the Henderson City Council the HEDCO Board approved the recommendation from the Henderson City Council to change their By-laws from a five-member Board to a seven-member Board this past Thursday.

Mayor Buzz Fullen and City Manager Jay Abercrombie were in attendance at the meeting.

Abercrombie told the Board, “You will need to change the By-laws from five to seven-member Board for Council to approve it. The Board’s terms will also need to be staggered.”

It was not discussed if the Board will ask the two candidates from their last choice to join the Board or seek others to fill the two vacancies. Before this vote will be final the approved recommendation will be on the City Council’s agenda next month for approval to make the necessary appointments.

John Clary, Executive Director for HEDCO opened the only bid submitted for Depository Bids for fiscal years beginning October 1, 2021 through September 30, 2024. Texas Bank of Henderson was the only bidder to submit a proposal. They were the s Depository for HEDCO last year. The bid was .5 percent for all funds.

The Board agreed to continue using the services of Morgan LaGrone, CPA of Henderson for their 2020-2021 Audit.

Karin Greene, Director of Marketing and Business Development shared her monthly report that included an update on the upcoming annual Business Lunch, a bill board on I-20, the CRM research, news articles and HEDCO’s website.

Clary also shared with the Board the 2021-2022 Holiday Schedule that will be the same as last year and the same as the City of Henderson.

After the open session the Board went into Executive Session but took no action.

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