The Stephenville Economic Development Authority [SEDA] met in its regular monthly meeting Thursday morning, and it was a busy one.
The SEDA Board of Directors met in closed Executive Session to discuss a grant in the amount of $49,400 for engineering design fees to Baird, Hampton & Brown, Inc. for engineering design fees associated with the construction of a traffic signal on Washington Street at Christy Plaza. [The street between Chicken Express and Cotton Patch.] That grant was approved.
The Board also approved recommending that the City of Stephenville fund two economic development grants [see bullet points below], put the wheels in motion for a new traffic signal on Washington Street, and discussed setting a public meeting to hear from citizens on the issue of the city’s need for a large-events facility.
The Board heard a report from Interim City Administrator, Wayne McKethan also, regarding local large-event event facility situation as there is uncertainty regarding whether Lone Star Arena will remain open.
McKethan, who was brought in as Interim City Administrator after the recent retirement of former City Administrator Pat Bridges said, “We want to get as much input as possible from the people of Stephenville on what direction to take regarding an events center.
Consequently we are putting together a committee involving members from the city, county, the Chamber, SEDA, STEDCO and others to help create several summit meetings for discussion on this matter.”
He added, “We expect to have the first of several such meetings sometime in Mid-December.”
Details of other SEDA actions at the Thursday meeting included recommended approval of:
• An economic development grant to Twisted J in an amount not to exceed $6,100 for embroidery equipment.
• An economic development grant to Erath Capital in an amount not to exceed $12,000 for water infrastructure improvements.
The next scheduled SEDA meeting is set for Thursday, Dec. 15, at 11:30 a.m. in the City Hall Training Room at 298 W. Washington Street. It is open to the public.