Bastrop Economic Development Corporation

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, August 26, 2024 5:00 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 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. DIRECTOR'S REPORT Update on the status of the candidates for the BEDC Business Attraction, Retention and Expansion (BARE) position. Submitted by: Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Director and City Manager Update on the status of moving the BEDC office to City Hall when the current office lease expires in December 2024. Submitted by: Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Director and City Manager Receive information about upcoming events that the BEDC board members may want to attend. Angela Ryan, BEDC Operations Manager Receive information related to active construction projects in the BEDC Business and Industrial Park. Regular BEDC Board Meeting Agenda 8/26/2024 Page 1 of 3  Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Executive Director and City Manager REGULAR BUSINESS & PRESENTATIONS Approval of meeting minutes from Regular BEDC Board Meeting of July 15, 2024. Submitted by: Angela Ryan, BEDC Operations Manager Receive financial report for the period ending July 2024. Submitted by: Edi McIlwain, City of Bastrop Chief Financial Officer Presentation, discussion, and possible action on approval of the BEDC's Fiscal Year 2025. Submitted by: Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Director and City Manager Consideration and possible action recommending the City contract with Hunden Partners for a Sports Facility Market Demand, Financial Feasibility & Economic Impact Study for a proposed Sports Complex to be located within the Bastrop Business and Industrial Park. Submitted by: Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Director and City Manager Consideration and possible action on Bastrop Economic Development Corporation (BEDC) Revolving Loan Fund (RLF) and a proposed partnership with Roscoe Bank. Submitted by: Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Executive Director and City Manager Update on BEDC funding commitments. Submitted by: Angela Ryan, BEDC Operations Manager EXECUTIVE SESSION 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 Economic Development Negotiations regarding Project Electric Lion (2) Section 551.071 Consultation with Attorney regarding the Performance Agreement with Project Fiesta (3) Section 551.071 Consultation with Attorney regarding the Performance Agreement with Moca Ventures Nebraska, LLC 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. ADJOURNMENT CERTIFICATE I, the undersigned authority, do hereby certify that this Notice of Meeting as posted in accordance with the regulations of the Texas Open Meetings Act on 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 Regular BEDC Board Meeting Agenda 8/26/2024 Page 2 of 3  well as to the BEDC’s website, www.bastropedc.org/about/board-materials and said Notice was posted on the following date and time: August 22, 2024, 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 8/26/2024 Page 3 of 3