Bastrop Economic Development Corporation
Regular MeetingBastrop, TX · September 25, 2023
Minutes
Bastrop Economic Development Corporation
Board of Directon - Metting Minllffl
bastrop
~eptember 25, 2023 EDC
The Bastrop Economic Development Corporation (BEDC) met on Monday, September 25, 2023, at
4:30 p.m. for a Regular Board Meeting at Bastrop City Hall, 1311 Chestnut Street. Board members
present: Ron Spencer, Connie Schroeder, Cheryl Lee, John Kirkland, and Lyle Nelson. Staff
members present: Interim Executive Director Sylvia Carrillo and Angela Ryan. BEDC attorney
Charles Zech was also in attendance.
1. CALL TO ORDER - Board Chair Spencer called the meeting to order at 4:33 p.m.
2. PUBLIC COMMENT(S) - There were no public comments.
3. REGULAR BUSINESS & PRESENTATIONS
3.1. Approval of the meeting minutes from the Regular BEDC Board Meeting of August 28,
2023. Ms. Lee made the motion to approve the minutes as submitted, Mr. Nelson
seconded, and the motion passed.
3.2. Receive financial report provided by the City of Bastrop Finance Department for the period
ending in August 2023 and comments. Ms. Allen presented the financial report to the Board.
3.3. Update on final BEDC budget for FY2024. After Ms. Carrillo reviewed the budget with the
Board, it was determined that she and Ms. Ryan would work on a preparing a more
straightforward version to present at the next board meeting.
3.4. Discussion and possible action regarding approval of Resolution R-2023-0012 approving
the expenditure of $123,000 for the extension of Agnes Street. Ms. Schroeder made the
motion to approve the resolution, Ms. Lee seconded, and the motion passed.
3.5. Update on BEDC funding commitments. An updated spreadsheet was presented to the
Board. No action was necessary.
4. EXECUTIVE SESSION
4.1. At 5:05 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, Project Jet, Burleson Crossing East, and Project RLF-23-1
4.2. At 6:02 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.
Ms. Schroeder made the motion to approve Resolution R-2023-0013 with the amendment
that the median salary will be $56,240. Mr. Kirkland seconded, and the motion passed.
Regular 8(0( Board Nttting Minllttl Page 1Of l
Mr. Nelson made the motion to approve the Revolving Loan Fund request from the Bearded
Baking Company. Ms. Lee seconded, and the motion passed.
5. ADJOURNMENT - Ms. Schroeder made the motion to adjourn the meeting and Mr. Kirkland
seconded. The meeting was adjourned at 6:04 p.m.
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APPROVED:
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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
Monday, September 25, 2023
4:30 PM
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 August 28, 2023.
3.B Receive the financial report provided by the City of Bastrop Finance Department for the period
ending August 2023 and comments.
3.C Update on final BEDC budget for FY2024.
Regular BEDC Board Meeting Agenda 9/25/2023 Page 1 of 2
3.D Discussion and possible action regarding approval of Resolution R-2023-0012 approving the
expenditure of $123,000 for the extension of Agnes Street.
3.E Update on BEDC funding commitments.
4. EXECUTIVE SESSION
4.A 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, Project Jet, Burleson Crossing East, and Project RLF-23-1
4.B 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, the undersigned authority, do hereby certify that this Notice of Meeting was posted
in accordance with the regulations of the Texas Open Meetings Act in the bulletin board
located at the entrance to the City of Bastrop City Hall, a place convenient and readily
accessible to the general public, as well as to the BEDC's website,
www.bastropedc.org, and said Notice was posted on the following date and time:
September 21, 2023 at 5:00 p.m. and remained posted for at least two hours after said
meeting was convened.
/s/Angela Ryan
Angela Ryan, Operations Manager
Regular BEDC Board Meeting Agenda 9/25/2023 Page 2 of 2
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