Bastrop Economic Development Corporation
Regular MeetingBastrop, TX · June 26, 2023
Minutes
Bastrop Economic Development Corporation
Board ofDirecton-Meeting Minyt«
Bastrop City Hall City Council Chambers bastrop E DC
June lb,101^
The Bastrop Economic Development Corporation (BEDC) met on Moncday, June 26, 2023, at 4:30
p.m. for a Regular BoarcJ Meeting at Bastrop City Hall, 1311 Chestnut Street. Board members
present; Ron Spencer, Charles Washington. Cheryl Lee, Connie Schroeder, and Lyle Nelson.
Board member John Kirkland was absent. Staff members present: Interim Executive Director Sylvia
Carrillo, Angela Ryan, Ashley Allnutt, and Drew Chance. BEDC attorney Dan Santee was also in
attendance.
1. CALL TO ORDER - Board Chair Spencer called the meeting to order at 4:30 p.m.
2. PUBLIC COIVIIVIENT(S)- There were no public comments.
3. REGULAR BUSINESS & PRESENTATIONS
3.1. Approval of the meeting minutes from the Regular BEDC Board Meeting of May 15, 2023,
the Leadership Summit of May 22, 2023, and the Special Meeting of June 12, 2023. Mr.
Nelson made the motion to approve all sets of minutes as submitted. Ms. Lee seconded,
and the motion passed.
3.2. Receive financial report provided by the City of Bastrop's Chief Financial officer for the
period ending in May 2023 and comments. There were no comments, and no action was
required.
3.3. Discussion and possible action regarding Resolution R-2023-0009 supporting the Smithville
Workforce Training Center. Ms. Schroeder made the motion to approve the resolution. Mr.
Washington seconded, and the motion passed.
3.4. Discussion and possible action regarding the adoption of procedures and metrics of the
Revolving Loan Fund. Drew Chance presented the policy with the changes that were asked
for by the board members at the last meeting. Additional language changes were added.
Mr. Nelson made the motion to approve the policy with additional changes. Mr. Washington
seconded, and the motion passed. The following changes are required;
A. Changing the statement about payment to read that any form of payment acceptable by
the City of Bastrop will be accepted.
B. Remove the word “Character” from the client criteria table on page three, substituting it
with “Credit Score.”
C. Add the words “as applicable” to the Loan Procedures on page seven.
3.5. Update on BEDC funding commitments. An updated spreadsheet was presented to the
Board. No action was necessary.
Regular BEDC Board Meeting flinutei 6/26/Z023 Pageiofz
3.6. Consideration, discussion, and possible action on election of BEDC Officers: Chair, Vice
Chair, Secretary/Treasurer for the remainder of FY 2022/2023. Mr. Nelson made the motion
to nominate Ms. Schroeder as Vice Chair, Mr. Washington seconded, and the motion
passed.
4. EXECUTIVE SESSION
4.1. At 5:16 p.m., the BEDC Board of Directors met in a closed/executive session pursuant to
the Texas Government Code, Chapter 551, to discuss the following:
(1) Section 551.087 Deliberation regarding economic development negotiations - Project
Triple Arrow and Project Electric Lion.
4.2. At 5:59 p.m., the BEDC Board of Directors reconvened into open session to discuss,
consider, and take any action necessary related to the executive sessions noted herein. No
action was necessary.
Ms. Carrillo told the Board they are planning to hold a joint meeting with the BEDC and City
Council on July 24, beginning at 3:00 p.m., and she asked that the board members check
their calendars.
5. ADJOURNMENT - Ms. Lee made the motion to adjourn the meeting and Mr. Washington
seconded. The meeting was adjourned at 6:03 p.m.
APPROVED: ATTEST:
on Spencer, Board Chair Angela RyanT Operation Manager
Regular BEDC Board Meeting Minuter 6/26/202] Page 2of2
Agenda
Bastrop Economic Development Corporation
Board of Directors - Meeting Agenda
Bastrop City Hall City Council Chambers
1311 Chestnut Street
Bastrop, TX 78602
(512) 332-8870
Bastrop Economic Development Corporation (BEDC) meetings are available to all persons
regardless of disability. If you require special assistance, please contact the City Secretary at (512)
332-8800 or write 1311 Chestnut Street, 78602, or by calling through a T.D.D. (Telecommunication
Device for the Deaf) to Relay Texas at 1-800-735-2989 at least 48 hours in advance of the meeting.
The BEDC Board reserves the right to reconvene, recess, or realign the Regular Session or call
Executive Session or order of business at any time prior to adjournment.
1. CALL TO ORDER
2. PUBLIC COMMENT(S)
At this time, three (3) minute comments will be taken from the audience on any topic. Anyone
in attendance wishing to address the BEDC Board must complete a citizen comment form prior
to the start of the meeting. In accordance with the Texas Open Meetings Act, if a citizen
discusses any item not on the agenda, the BEDC Board cannot discuss issues raised or make
any decision at this time. Instead, the Board is limited to making a statement of specific factual
information or a recitation of existing policy in response to the inquiry.
It is not the intention of the BEDC to provide a public forum for the embarrassment or
demeaning of any individual or group. Neither is it the intention to allow a member of the public
to slur the performance, honesty and/or integrity of the Board, as a body, or any member or
members of the Board individually or collectively, or members of the BEDC or City’s staff.
Accordingly, profane, insulting or threatening language directed toward the BEDC Board and/or
any person in the Board’s presence will not be tolerated.
3. REGULAR BUSINESS & PRESENTATIONS
3.A Approval of the meeting minutes from the Regular BEDC Board Meeting of May 15, 2023, the
Leadership Summit of May 22, 2023, and the Special Meeting of June 12, 2023.
3.B Receive the financial report provided by the City of Bastrop's Chief Financial Officer for the
period ending in May 2023 and comments.
Regular BEDC Board Meeting Agenda 6/26/202320 Page 1 of 2
23
3.C Discussion and possible action regarding Resolution R-2023-0009 supporting the Smithville
Workforce Training Center.
3.D Discussion and possible action regarding the adoption of procedures and metrics of the
Revolving Loan Fund.
3.E Update on BEDC funding commitments.
3.F Consideration, discussion, and possible action on election of BEDC Officers: Chair, Vice Chair,
Secretary/Treasurer for the remainder of FY 2022/2023.
4. EXECUTIVE SESSION
4.1 The Bastrop EDC Board of Directors will meet in a closed/executive session pursuant to the
Texas Government Code, Chapter 551, to discuss the following:
(1) Section 551.087 Deliberation regarding economic development negotiations- Project Triple
Arrow and Project Electric Lion.
4.2 The Bastrop EDC Board of Directors will reconvene into open session to discuss, consider
and/or take any action necessary related to the executive sessions noted herein.
5. ADJOURNMENT
I, Angela Ryan, Operations Manager of the Bastrop Economic Development
Corporation (BEDC), certify that this Notice of Meeting was posted at Bastrop City Hall,
1311 Chestnut Street, and on the BEDC’s website on this the 22nd of June 2023 at 5:00
p.m. Copies of this agenda have been provided to those members of the media
requesting such information.
Regular BEDC Board Meeting Agenda 6/26/202320 Page 2 of 2
23
Get email alerts for Bastrop
A daily email when new agendas and minutes are posted.