[{"_1":2,"_135":-5,"_136":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99,111,123],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6166727,"mediaKeyId","5414989-2606464cfbe03d923548bfda856064a7","parentId",5414989,"title","EDC reviews higher-yield Texas CLASS account use for reserves","audioSeconds",101,"startMs",2925000,"endMs",3026000,"viewUrl","/Search/View?dp=1&key=5414989-2606464cfbe03d923548bfda856064a7&start=2925&end=3026","thumbnailUrl","https://assets.pipeline.soar.com/5414989-2606464cfbe03d923548bfda856064a7/thumbnail_2925000.jpg","articleUrl","/articles/6166727/Whitehouse/Smith-County/Texas/EDC-reviews-higher-yield-Texas-CLASS-account-use-for-reserves","mediaUrl","https://secure.pipeline.soar.com/6166727-4765f883d7ee1c0352998f846ac6b545/orig.mp4?Expires=1771002787&Signature=mnvMRUKp2SePaICYKxVdK~PjzC0lFOJrdzLiiqXaw8o8eGpPzDvTaRKrUgvXNQTldrNwu1ifBoEYTIYoEbwpBodEVUaV9Sr2hwieF0ZHLxmZoPrPDYkwAho1Vy3jd7MubwCxek4e3xiq3ZSD5BTfOJqSrnjTj-kFGFio9rJvYB~8sPsMl6eiiqrX5JiA91uBvU729G1fSZOBBvNwzzhOcGYio3vvm9qQ3e-DpM~DMLX6ytpT7u~CUkEWCPx1b-JUu6uc5hChi4-GSmjEJMxmBrj-nwx2cPsl3tQ6vn9WXsrryHOGnvoNcDghEIaaJ0ADB0v5Ql~YAgitF9RNT8BOEQ__&Key-Pair-Id=KUT5TJCACFTXG","author","City of Whitehouse Texas","date","2025-07-15T23:58:19Z","article","The White House Economic Development Council reviewed Aug. 21 how it uses a Texas CLASS pooled account (listed as MBIA in the packet) to earn higher interest on reserves.
Leslie (Finance staff) explained the MBIA label in the packet refers to the Texas CLASS investment vehicle and said the account pays interest daily at a higher rate than local bank accounts. Leslie described the practice of moving funds that exceed certain thresholds into the higher-yield account to earn more interest while ensuring pledged securities cover amounts above FDIC insurance limits.
Council members asked whether the account insures risky projects; staff said the account requires pledged securities and is not a guarantee for risky projects. One member noted current yields are around 3 percent. Staff said funds in the account remain available for planned projects such as property purchases or development-related spending when the council decides to deploy them.
No expenditure or transfer was authorized in the meeting; the item was informational and intended to clarify cash management strategy for council members.","mediaType","Video","parentTitle","Economic Development Corporation Meeting - July 17, 2025","oneSentenceSummary","Council members discussed the EDC’s use of a Texas CLASS (referred to as MBIA in the packet) account to earn higher interest on reserves; staff said the pooled account pays daily interest around 3% and requires pledged securities for amounts above FDIC limits.","taxTitle","Whitehouse, Smith County, Texas","taxId",52509,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6166731,"Council discusses park concept plan and potential land acquisition strategy",136,2399000,2535000,"/Search/View?dp=1&key=5414989-2606464cfbe03d923548bfda856064a7&start=2399&end=2535","https://assets.pipeline.soar.com/5414989-2606464cfbe03d923548bfda856064a7/thumbnail_2399000.jpg","/articles/6166731/Whitehouse/Smith-County/Texas/Council-discusses-park-concept-plan-and-potential-land-acquisition-strategy","https://secure.pipeline.soar.com/6166731-f0ff29150e8846232a52f543ca79a63e/orig.mp4?Expires=1771002787&Signature=Tw7kE7U94HdZgBbBAfbWj59aGRhJHjCc4namwm~Ia9D9Cqi7GfNIgN9PImA8jYwNLB0ovPb48jupD1iTPVtdxyV~LaNimBJX7axr7znhmi7kAqhdgOY5G6kR7P61FtDiWIR3YH4rcUo-8vfUvIbfdc9CrZdQWW~VzKVcPkxmPlQb2bH0NF9AdvRjBLw2xs7~uZ6XzNchRBII7~veuZACBSfIthVg~iTubcL9TGvtQcQVohVmkMoUh2gIoa8vwxM889biLNK6U3jLDhguZils1Rd5XZL-x5jjw3wFuJ-tYrBQKQqxQJpBkF6F-54FWxnSJSwbLhGrblaUV5himMhtbQ__&Key-Pair-Id=KUT5TJCACFTXG","White House Economic Development Council members discussed Aug. 21 the status of a proposed park concept plan and how the EDC might support complementary development near the park.
Staff said a final draft of the proposed concept plan has not yet been received and that consultants are still working on phasing; council members asked whether the concept would return later this year. Staff had submitted questions to the consultant about phasing and expected additional information once consultants complete their work.
Members noted that the EDC has roughly a half-million dollars available in funds and discussed whether the corporation should begin identifying or securing adjacent properties to support complementary development. One member said acquiring key parcels could give the EDC options to incentivize targeted development, while another said identifying specific strategy steps — whether to market an existing parcel or to acquire property for later development — should be an agenda item for a future work session.
Council members agreed the matter could involve real-estate negotiations and that some discussions about property acquisition would likely need to occur in executive session if the EDC pursued purchase negotiations. No acquisition motion was proposed at the meeting; the discussion was exploratory and staff was directed to continue tracking opportunities and to bring recommended next steps back to the council for consideration.","EDC members discussed the draft park concept plan, phasing questions and the possibility of deploying EDC funds — roughly $500,000 in the fund balance — to assemble property adjacent to a future park; staff said final concept plans are not yet complete.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6166736,"EDC approves FY 2025–26 budget with increased marketing and travel line",244,2138000,2382000,"/Search/View?dp=1&key=5414989-2606464cfbe03d923548bfda856064a7&start=2138&end=2382","https://assets.pipeline.soar.com/5414989-2606464cfbe03d923548bfda856064a7/thumbnail_2138000.jpg","/articles/6166736/Whitehouse/Smith-County/Texas/EDC-approves-FY-202526-budget-with-increased-marketing-and-travel-line","https://secure.pipeline.soar.com/6166736-1e43a460ec253bf84be85444b645f565/orig.mp4?Expires=1771002787&Signature=Tkt1L1C2aJZlw~RtYlW7Ucx0UHvzqwMbYLvASQuyJnFaCcuBSIRAQ24q1kxmICfI6CWVVgNXkXzbH9QhOM-xcPb8EM5HBVUCN-w0sMC-Q1z1z4Mo9vxJzQ2VklWPRoFYReH2eUXLliLDoQAdj0osOA0BSunJdH3Jv70~QVYvvH9F~dN0WtPz0iRX31Cg3ic4NlU8ho0jxwFCOWHYv7JyZY3FcOkrtP4K0pMjrKTD6wvhmWLNe~pNeZU7YCk0eAQ3wNODLrc6FzvplSNiv3zSqBTRJL4IMLw5-cTZVkqT31T-7oKTRBvXJFrTz2Bi5YTVzsVEGeLoIM5ifbMkt9OxUQ__&Key-Pair-Id=KUT5TJCACFTXG","The White House Economic Development Council approved its fiscal year 2025–26 budget Aug. 21, which projects approximately $242,000 in revenues largely from a quarter-cent sales tax and anticipates expenditures to support daily operations and strategic initiatives.
Susan (Staff member, White House Economic Development Council) said the budget supports a full-time director, office rent, and subscriptions and that she requested an increase in marketing, promotions and travel to allow more training and networking. She said the increase in the advertising/marketing line is from $4,000 last year to $9,000 this year.
Council members reviewed the packet, asked for clarification on where marketing and promotional items were shown in the spreadsheet, and received confirmation that advertising includes marketing materials. A motion to submit and approve the budget was made, seconded and approved by voice vote.
Susan said the budget anticipates a surplus in fund balance and positions the EDC to remain proactive into the fiscal year; she noted the budget can be amended if necessary.","The White House Economic Development Council approved its fiscal year 2025–26 budget, projecting roughly $242,000 in revenue and increasing marketing, promotions and travel from $4,000 to $9,000 to expand outreach and staff training.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6166741,"EDC approves $4,000 for staff to attend Fabtech Expo with Encore",253,1883000,2136000,"/Search/View?dp=1&key=5414989-2606464cfbe03d923548bfda856064a7&start=1883&end=2136","https://assets.pipeline.soar.com/5414989-2606464cfbe03d923548bfda856064a7/thumbnail_1883000.jpg","/articles/6166741/Whitehouse/Smith-County/Texas/EDC-approves-4000-for-staff-to-attend-Fabtech-Expo-with-Encore","https://secure.pipeline.soar.com/6166741-1171c97b2e16e2db264f64c122cb462c/orig.mp4?Expires=1771002787&Signature=DWQC227cuXgK9ZylvKefslSe9tOM5KG3iEhbPUdFJvCMCYmFunC~hyYvcoGxji9cH-nQ9AcwcDDUNwng6vbPT2OcLubdNptP7g86UVMpZtA80RUoh6CaJnHp9dZ8aIfEEqn8E1CPX0lRZGYtouXjAZwuhK3RA24AayHnGp4bA0yeumbeziu8whsdR7Tn6yDJZLLcGjQ07RFRh3KJEbq3rs8pyfrKHpGTngCN2du3vSMps5i4TkUZB6dZJs1-qubF~H3PdNCuOD46WxwC~Uz663EDJcAdBELvmT9ZzJwSzZ~r0VHBVXJIGaYZs2IapUZZrearSY10KxvFksY1VwDxnA__&Key-Pair-Id=KUT5TJCACFTXG","The White House Economic Development Council voted Aug. 21 to approve an expenditure of about $4,000 to send staff to the Fabtech Expo in Chicago in cooperation with Encore.
Susan (Staff member, White House Economic Development Council) described Fabtech as the largest event for metal forming, fabrication, welding and finishing and said attending with the Encore “Think Big Think Texas” team would expose White House to firms that might consider expansion in Texas.
Susan said the attendance package from Encore includes exhibit space, promotional support and post-show contact follow-up. She also described the trip as professional development, saying she would gain trade-show experience and follow-up techniques from seasoned economic development professionals.
A motion to approve the expenditure was made, seconded and approved by voice vote; the meeting record shows unanimous “Aye” but does not list individual roll-call votes.
Susan said she will prepare follow-up materials and report back to the council on any leads generated from the trip.","The council approved up to $4,000 to send an EDC representative with Encore to Fabtech, a major trade show for metal forming and fabrication, in September to pursue manufacturing leads and staff training.",{"_33":112,"_35":36,"_37":38,"_39":113,"_41":114,"_43":115,"_45":116,"_47":117,"_49":118,"_51":119,"_53":120,"_55":56,"_57":58,"_59":121,"_61":62,"_63":64,"_65":122,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6166747,"EDC finalizes City Center grand-opening plans, sets Sept. 18 target date",564,1234000,1798000,"/Search/View?dp=1&key=5414989-2606464cfbe03d923548bfda856064a7&start=1234&end=1798","https://assets.pipeline.soar.com/5414989-2606464cfbe03d923548bfda856064a7/thumbnail_1234000.jpg","/articles/6166747/Whitehouse/Smith-County/Texas/EDC-finalizes-City-Center-grand-opening-plans-sets-Sept-18-target-date","https://secure.pipeline.soar.com/6166747-866fc7b2b304976164e3048d81f758ef/orig.mp4?Expires=1771002787&Signature=FytN4BCCUE7VV5A2sFx0CJhX5EOmSEDKI1HIKPKf6iGJiIWOY5oj96v~HRiSHWvFaVxzhXwXQe17ntB-rP-BVeLmBFcUSm-a3leupgt7V8M1wE4WbDpZI18FXXyez-TgDaKnX4be~zecfxK2Ig33bDjizQW91GJB6V9pCV3ILhnMNHLyQ~Usugnk5mBlJAyHumCQ7fwolIlQGaJz6BzDXqWHDJ5K9pq9hXzjOUVUgMNVHRW9rQPJgdC6CARgD7P64kucmmDbs5NrUa-voIp15omRLCJ59pfVovB3~P8H1yNBhzfO0-PrefM80xmY-D6rRLlmbr5epHKXSre0R5i9jg__&Key-Pair-Id=KUT5TJCACFTXG","The White House Economic Development Council continued planning Aug. 21 for a City Center grand opening targeted for Sept. 18 from 5 to 7 p.m.
Susan (Staff member, White House Economic Development Council) presented branding and promotional materials, including pins and retractable banners, and said a vendor-provided mood board and updated food photos are now in the meeting packet. She told members Proforma has asked for vector artwork for large printed banners and staff is resolving that issue before placing the order.
The council selected six heavy appetizers for the event: meatballs; mac-and-cheese shooters; brie bites; bacon-ranch pinwheels; antipasto skewers; and fruit shooter cups. Susan said the Chamber is sponsoring cookies as an additional sweet option in a separate room.
Staff described layout plans for the foyer and banquet hall, booth locations for promotional items and a plan to use branded tote bags. Council members noted the event date coincides with a regular meeting; the EDC may adjust scheduling or hold a preview meeting at the City Center once the facility is ready.
No formal vote was required; council members confirmed the direction on branding, menu and logistics and asked staff to finalize invitations and an event agenda.","Council members approved promotional items, a six-item heavy-appetizer menu and moved forward with logistics for a mid-September grand opening for the City Center, with a target date of Sept. 18 from 5–7 p.m.",{"_33":124,"_35":36,"_37":38,"_39":125,"_41":126,"_43":127,"_45":128,"_47":129,"_49":130,"_51":131,"_53":132,"_55":56,"_57":58,"_59":133,"_61":62,"_63":64,"_65":134,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6166753,"EDC hears Retail Coach update as city lacks ready retail space",145,919000,1064000,"/Search/View?dp=1&key=5414989-2606464cfbe03d923548bfda856064a7&start=919&end=1064","https://assets.pipeline.soar.com/5414989-2606464cfbe03d923548bfda856064a7/thumbnail_919000.jpg","/articles/6166753/Whitehouse/Smith-County/Texas/EDC-hears-Retail-Coach-update-as-city-lacks-ready-retail-space","https://secure.pipeline.soar.com/6166753-7c67e29fd93ae3f43fae9f7c2bdd7eb9/orig.mp4?Expires=1771002787&Signature=jXAZGHFsjfuSOUnJqyHCThNuW~jRw4WskJ-820uRv0Kgbd47r8bAkjHWxXsDrYBHrv7wSNqHMeckBXlrfAlZBY73A1hocjsh10eF4xGcQLHrPQb0v7rcQuwKZkPnnQ9F4ROeUVuCysNV8HUYuX-84R2inpR0bE2VDJ5fdDwU~dEA0hmW3ho1iCugxop2Oyd0E-Re~gcTcR5rWXd3eRwBMp0zLOtlC60lu~wp6-PlISr~zfOLA8VxmA4Jf0auDd7~StRiLWl-pcfxpu4R1ZL5Nc8bs2R1SLtFO0mOcCCEY7MzKDWHwoZJOhDGjqMQU3e-pBck87gtvoWnj8LjOSYpJA__&Key-Pair-Id=KUT5TJCACFTXG","The White House Economic Development Council heard an update Aug. 21 from the Retail Coach on efforts to recruit retail tenants to the city and to connect with site selectors.
The Retail Coach has continued marketing White House at industry conferences, including ICSC in Las Vegas, and plans to attend Retail Live South Central in Austin this fall, Susan (Staff member, White House Economic Development Council) said.
The consultant team “plan[s] to reach out to their developer contacts both locally and in the DFW area to discuss the ongoing need for new retail lease space here at White House,” Susan said, adding that Hotels often plan expansions in the third quarter while restaurant and retail timelines are more fluid.
Council members and staff discussed specific opportunities. A fast-food prospect expressed interest in locating near a Brookshire’s shopping center, but Susan said there is not existing available space there, prompting the Retail Coach to pursue developers who would build new space. A national hardware chain has shown conditional interest; the retailer typically seeks 9,000–10,000 square feet but its real estate team is exploring whether the brand could scale down to fit a recently vacated unit. That prospect may require city involvement on zoning or variance requests if it moves forward.
The Retail Coach also will target “eatertainment” concepts (restaurant-plus-entertainment uses), and the council was told representatives Aaron and Caleb with the Retail Coach have expressed interest in attending a future EDC meeting to give an in-person update, tentatively Aug. 21.
No formal action was taken; the presentation was informational and council members asked staff to continue following up with developers and prospects.","The White House Economic Development Council received an update from Retail Coach on outreach to national and regional retail prospects, including plans to pursue 'eatertainment' concepts and contact developers to create leasable space, while local storefront shortages remain a constraint.","actionData","errors"]

Article not found

EDC reviews higher-yield Texas CLASS account use for reserves

Council discusses park concept plan and potential land acquisition strategy

EDC approves FY 2025–26 budget with increased marketing and travel line

EDC approves $4,000 for staff to attend Fabtech Expo with Encore

EDC finalizes City Center grand-opening plans, sets Sept. 18 target date

EDC hears Retail Coach update as city lacks ready retail space