SEED board discusses preliminary budget

The SEED (Sweetwater Enterprise for Economic Development) Board of Directors met for their regular monthly meeting on Monday morning, June 18, 2012 at the Chamber of Commerce. Kirstin Smith, the Asst. Marketing/Admin. Director, gave an update, recapping SEED's recent trip to the 2012 Windpower Conference that was held in Atlanta, Georgia. The show went well, with around 12,000 in attendance. While attendance was cited as lower than usual, the quality of the show was one of the best in recent years.Next year's Windpower event is scheduled for May 5-8, 2013 in Chicago, Illinois. The date is a month earlier next year and SEED's booth has already been secured. Board members were asked to start planning if they intended to join SEED staff for next year's conference.Another upcoming conference SEED will be attending is the AWEA Houston Regional Summit this December. Their involvement will also include the selection of speakers and topics in order to bring regional issues to the forefront of the event.Additionally, the bottom floor of the Chamber of Commerce building will be closed from Monday, July 16 through Sunday, July 29 in order for repairs on the floors to be made. The SEED offices upstairs will still be running along with phone and computer communications.Ken Becker then gave his Executive Director's update on a variety of issues, such as the preliminary budget. Board members were presented with the packet, in which he discussed different aspects of the budget. Work will continue on the budget with a more updated budget to be presented at next month's meeting.The board will also need to begin considering and recommending names for a board replacement for Kyle Lawrence, who will be completing his term of service at the end of September. The City Commission will also take part in this process of approving the replacement.Becker also noted that he will be attending a two-day Oil and Gas 101 course at Midland College in August. Collaboration continues with the economic development opportunity with Cape and Son; some changes led to a brief delay but the project is close to beginning.Furthermore, the project between Buzzi Unicem and Texas Tech University was briefly discussed as it too is close to its start date. Sales tax and unemployment numbers were also mentioned in the update.A couple of action items were also presented at the meeting. Approval was given to the minutes of the May 2012 meeting and payment of accounts payable, along with the April 2012 financial statements that were recapped by Becker. The meeting concluded with an executive session where the board discussed economic development negotiations; no action, however, was taken in the closed meeting.