Economic Development Corporation
February 1, 2021 EDC Meeting at 7:00pm
Details on Accessing the Virtual Meeting: A Economic Development Corporation Meeting will be held Monday, February 1st at 7:00 pm. Nassau Bay will utilize Zoom Video Conferencing to stream this meeting. Please join the Zoom Meeting by clicking this link: zoom.us/j/84840801164 (Meeting ID 848 4080 1164 and Password 77058). Or you can call to hear the audio (only) of the meeting at (346) 248-7799. Please utilize Meeting 848 4080 1164 and Password 77058.
Details on How to Speak Before the Economic Development Corporation: If you wish to speak before the Economic Development Corporation please complete the following form: Public Request to Speak. You will have a maximum of three (3) minutes to address the Corporation on any one topic. Members of the public who wish to submit their written comments on a listed agenda item must submit their comments by completing the Public Request Form or by emailing City Secretary Sandra Ham at firstname.lastname@example.org or by calling 281-336-6281 for staff assistance. Comments must be received before 1:00 p.m. on the day of the meeting.
Purpose & Responsibilities of the Corporation
The Corporation seeks to promote and expand business enterprises within the City in order to ensure the continued economic growth of the City and the full employment, welfare, and prosperity of its citizens.
On April 22, 1998 the City filed Articles of Incorporation for a new Economic Development Corporation (EDC). The corporation is a nonprofit specifically governed by Section 4B of the Texas Development Corporation Act of 1979. Its purpose is to encourage the retention of business enterprises within the City of Nassau Bay. The Corporation is funded by $0.005 sales tax collected within the City. The Corporation may use its funds to pay for a wide range of public projects including any projects that the Corporation determines will contribute to the promotion or development of new or expanded business enterprises that will create or retain primary jobs including: drainage, roads, sewer, public facilities, including recycling facilities, and water.
The Corporation is governed by a seven member Board of Directors. Directors are appointed by City Council for two-year terms and no board member can server more than four consecutive terms. Each director must be a resident of Nassau Bay.
Urban Planning and Advisory Committee
In 2004, City Council appointed a nine-member Urban Planning and Advisory Committee (UPAC) to begin concept planning for the redevelopment of Nassau Bay’s commercial areas. UPAC was made up of Nassau Bay citizens who deliberated over a period of several months. The City also hired professional Urban Planning consultants to assist the UPAC in development of concepts for our future.
- Capitalize on waterfront location
- Consider using arts as a cultural theme
- Emphasize small town feel
- Leverage historic association with space program
- Create a walkable mixed-use community
- Develop urban waterfront housing
- Focus development on a variety of new public open spaces
- Attract services and boutique retail to provide shopping experience for local residents
- Create gateways along NASA Parkway to increase awareness, drawing visitors into the City
- Provide infrastructure that will attract visitor-related entertainment development