Economic Development Advisory Committee (EDAC) - Report to City Council – February 10, 2026
Bottom Line for Council
At this time:- No immediate action required beyond EDC formation item already in progress.
- ️ Potential future action related to EDA matching funds.
- Strategic monitoring items: mobility, tourism positioning, corridor study alignment.
Overall Theme:
The meeting focused on preparing for the formal launch of the EDC, advancing grant strategies, strengthening tourism positioning, and reinforcing the connection between quality-of-life initiatives and long-term economic vitality.
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The Economic Development Advisory Committee met on February 10, 2026, for what is anticipated to be its final meeting prior to formal transition into the new Economic Development Corporation (EDC).
Council Liaison Update
Council recently held a workshop on e-bike policy. No ordinance or direction was issued; the discussion was exploratory. Several speakers framed e-bikes as a potential tourism and outdoor recreation amenity, with opportunities tied to youth engagement, small business support, and trail connectivity. A new bike shop opening on Lohman Ford expressed interest in partnering with the City on training and safety education initiatives.Council also advanced the formal dissolution of the prior EDC structure and launch of the new EDC, expected to appear on the upcoming consent agenda. A CAMPO Lohman Ford corridor study resolution was approved to support further evaluation of corridor improvements.
Staff Report
- A regional business considering expansion has Lago Vista on its short list; staff will continue engagement.
- January sales tax collections totaled approximately $100,005, reflecting an increase over the prior year.
- The City has been accepted into the Governor’s Tourism Friendly Texas Program, enhancing tourism positioning and marketing opportunities.
- North Shore Eye Care was recognized for long-standing service in the community.
- Staff recommended coordinating the March EDC meeting with City Council to allow the grant writer to present to both bodies in the same week.
Chamber of Commerce Report
- The Chamber finalized a new agreement with a local printer for the Navigator newspaper, reducing costs and turnaround time.
- Community Choice Awards and Dueling Pianos Night are scheduled for February 26.
- “Backstage Pass” luncheons will rotate among local businesses, beginning with Oak Ridge Archery.
- Planning is underway for a State of the City event in March.
Grant Update
Discussion included:- A T-Mobile grant opportunity (~$50,000) with no match requirement, currently prioritized due to strong probability of success.
- Potential EDA grants, which would require matching funds; prior Council allocation of $100,000 was not carried forward this fiscal year.
- The future EDC may serve as an alliance partner and provide letters of support.
- Grant coordination efforts are focused on layering grants strategically to create matching opportunities where possible.
Transition to EDC
The Committee discussed:- Adding language to the EDC bylaws to formally allow Council Members to serve as non-voting ad hoc participants.
- Scheduling post-formation training with legal counsel to review bylaws, statutory requirements, compliance, and the EDC’s relationship with the City.
- Anticipated board reorganization once officially formed.