Levelland EDC Holds Regular Meeting

LEDC

Levelland Economic Development Corporation board of directors held their monthly meeting yesterday.

They approved the monthly financial reports for both May and June as the board did not meet in June.  It was noted that sales tax collections for July showed that collections are remaining rather flat with less than a 2% drop from this time last year.  Year to date collections are down 14% from 2015.  The board also looked at rail traffic for the month of June.  It was noted that it was a very good month with over 300 rail cars through the Levelland rail park in June.  Pipeline Plastics moved their highest number of rail cars through in June  and Penny Newman Grain had over 300 cars through the park in June.

The board also approved proceeding with the transfer of ownership of the property at 107 Ave H to Levelland Development Corporation and they in turn will construct a speculative building on the site and will then place the building and property on the market for sale.  The demolition of the building which was standing at that site is nearing completion and the Levelland Development Corporation and LEDC will begin looking at options.

The LEDC board also approved the audit for fiscal year 2015-2016 from the accounting firm of Pate, Downs and Pinkerton.  They also began looking at a proposed 2016-2017 budget.  It was noted that the budget will be a very conservative budget.  No capitol improvements are planned for the 2016-2017 year however, the board will be looking at applying for a grant to do some improvements in the area of progressive place at the Levelland Rail Park.

The board also reviewed the results of a retail trade analysis report which was recently performed in Levelland and discussed upcoming meetings and travel as part of the Director’s Report.

About KLVT News

News Director for KLVT AM 1230 in Levelland. We provide local and regional news updates 5 times a day on KLVT AM 1230 and online at www.klvtradio.com
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s