The Economic Incentive Board of Clovis, New Mexico, met on September 9, 2026, at 8:30 AM in the North Annex of the Clovis-Carver Library. The meeting included roll call, approval of previous meeting minutes, a financial report on the Economic Development Fund, and an update on ongoing CED (Community Economic Development) projects. The board discussed industrial park acreage and future site readiness applications. No public comments were made.
Exactly eight thirty. I took your paper, I don't have one. Yeah. Uh can I roll call, please? Oh, you should say it like that, though. Alan Kinlan. Yes, ma'am. Kathy Elliott. Debbie Spriggs. Here. Paul Cordova. Ricky Fuentes. Bryce Jimenez. Here. Jason Gonzalez. Here. Brian Ellis. Fantastic. We have a quorum. Can I get an approval of last meeting's minutes? That's y'all. Move to approve. Thank you. Second. All in favor say aye. Opposed, same side. I'm going to abstain because I wasn't here. Perfect. One abstention. Um, can you give us an economic development fund financial report, please, sir? Thank you, Mr. Chairman, members of the board. How that compared to August of 2026 revenues then of a 142, almost 143,000. So our gross receipts tax have uh done well so far this fiscal year and is above what it was last year. Uh year to date uh for revenues, we've earned almost 309,000 dollars as compared to 292,000 uh this time of year last year. In regards to expenditures, uh we have spent 2600 in August of 2027, and all of that was for our GRT fees that we have to pay back to the state of New Mexico, which are slowly phasing out uh thanks to the legislature. Uh that compared to 12,000 last year, and year to date, our expenditures out of the fund have been almost $6500. Um currently we have that doesn't seem right. Uh we have beginning, I'm sorry, beginning cash and investments of eight point five million dollars uh to start the month with our ending cash and investments was eight point six million dollars of that eight point six million dollars. We do have eight million dollars invested in the state investment pool, and we have six hundred thousand dollars uh cashing bank for that. And so uh the state investment pool. I want to say this last time was around four percent of what it would uh that we were earning on that. Uh we also have a 10 million dollar uh CD uh not necessarily just for this fund, but the city does for uh for our investments as part of that. So uh with that, I'm happy to answer any questions you may have, uh, Mr. Chairman members of the board. Thank you. Any questions? Seeing none. Do we need to vote on that? Yes, please.