General

City of Hutto Agenda Hutto Economic Development Corp. Type A and Type B Board of Directors Meeting Monday, July 13, 2026 at 6:30 PM City Council Chambers In accordance with the Texas Open Meetings Act this meeting agenda is posted for public information, continuously, for at least 3 business days prior to the scheduled date of the meeting on the bulletin board located on the exterior wall of the City Hall building at 500 West Live Oak, Hutto, Texas. This meeting agenda is also accessible via the Internet at huttotx.gov 1. CALL SESSION TO ORDER 2. ROLL CALL 2.1. Caitlin Morales, Vice Chair Irma Gonzalez, Secretary/Treasurer Mike Snyder, Board Member Dan Thornton, Board Member Evan Porterfield, Board Member Jim Morris, Board Member 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENT Any citizen wishing to speak during public comment may do so after completing the required registration form. The purpose of this item is to allow the residents of Hutto and other interested persons an opportunity to address the Hutto Economic Development Corporation Type A and the Hutto Economic Development Corporation Type B on agenda issues and on agenda issues (i.e., Corporation policy or legislative issues). Non-agenda issues regarding daily operational or administrative matters should be first dealt with at the administrative level by calling City Hall at (512) 759-4913 during business hours. Each person providing public comment will be limited to 3 minutes. (Note: The Texas Open Meetings Act, Texas Government Code, Chapter 551, prohibits governing bodies from a full discussion, debating, or considering subjects for which public notice has not been given on the agenda. Issues that cannot be referred to the Corporation Staff for action may be placed on the agenda of a future meeting.) 5. EXECUTIVE DIRECTOR'S REPORT 5.1. Staff will provide updates on critical projects including the Pecan Street Improvement Project, City of Hutto Fire Station #1, Williamson County Economic Development Partnership, event recaps, and upcoming events. 6. AGENDA ITEMS 6.1. Discuss and consider action to approve the Corporation's monthly financial report for June 2026. 6.2. Discuss and consider action regarding a farm lease request for the Corporation-owned property at the Hutto Megasite. (Allen Click) Page 1 of 47  6.3. Discuss and consider action on Resolution R- HEDC-2026-042 to approve a sponsorship for the Texas-Korea Summit, a Hutto Area Chamber event in August and approve the corresponding budget amendment. 6.4. Consideration and possible action on Resolution R-HEDC-2026-040 to approve an expense and budget amendment for site signage for Corporation-owned property. 6.5. Discuss and consider action on Resolution R-HEDC-2026-041 approving a budget amendment of the Corporation reducing budgeted land sale revenues. 6.6. Discuss and consider action to approve Resolution R-HEDC-2026-043 to approve the expense and budget amendment of a table at the Champions Luncheon hosted by the Williamson County Economic Development Partnership. 6.7. Discuss and consider action to approve the meeting minutes from the regularly scheduled Hutto Economic Development Corporation meeting held on June 8, 2026, and the Joint City Council and Hutto Economic Development Corporation on July 2, 2026. 7. EXECUTIVE SESSION The Board will now recess the open meeting and reconvene in executive session pursuant to Texas Government Code Section 551.071 (Attorney Consultation), 551.087 (Economic Development), and 551.072 (Real Property) to deliberate and seek legal advice regarding the following economic development projects: Project Core, the Megasite project, Project Gotham; Project Hulk; Project Blue Hub, Project Heartbeat, Project Air, Project Orchard, Project Shrine, Project Crawford, Project 107 East Street: potential real estate transactions; the incentive agreement for Hutto Hospitality; the planning and development of the Cottonwood Properties and any related incentives; litigation with Midway; infrastructure projects impacting Corporation owned property; alcohol zoning for the City of Hutto; proposed Hutto Fire Station #1; and the evaluation of available corporate funds for incentives. 8. ACTION RELATIVE TO EXECUTIVE SESSION 8.1. Discuss and consider action on Resolution R-HEDC-2026-032 to approve an Economic Development Performance Agreement for an incentive in support of Project Blue Hub. 8.2. Discuss and consider action on Resolution R-HEDC-2026-044 to approve an incentive for Project 107 East Street. 8.3. Consideration and possible action related to Executive Session agenda items, listed above. 9. FUTURE AGENDA ITEMS 10. ADJOURNMENT 11. CERTIFICATION Angel Kavanaugh Senior Management Assistant The City of Hutto is committed to comply with the Americans Disability Act. The Hutto City Council Chamber is wheelchair accessible. Request for reasonable special accommodations must be made 48 hours prior to the meeting. Please email the City Secretary's office at City.Secretary@huttotx.gov Page 2 of 47 or call (512) 759-4033 for assistance. The Board reserves the right to recess the open session of the meeting and reconvene in Executive Session at any time between the meeting's opening and adjournment by majority vote on any item on the agenda for the purpose of consultation with legal counsel pursuant to Chapter 551.071 of the Texas Government Code; discussion of personnel matters pursuant to Chapter 551.074 of the Texas Government Code; deliberation regarding real property pursuant to Chapter 551.072 of the Texas Government Code; deliberation regarding gifts and donations pursuant to Chapter 551.073 of the Texas Government Code; deliberation regarding economic development negotiations pursuant to Chapter 551.087 of the Texas Government Code; and/or deliberation regarding the deployment, or specific occasions for implementation of security personnel or devices pursuant to Chapter 551.076 of the Texas Government Code. Action, if any, will be taken in open session. This agenda has been reviewed and approved by the Board's legal counsel and the presence of any subject in any Executive Session portion of the agenda constitutes a written interpretation of Texas Government Code Chapter 551 by legal counsel for the governmental body and constitutes an opinion by the attorney that the item discussed therein may be legally discussed in the closed portion of the meeting considering available opinions of a court of record and opinions of the Texas Attorney General known to the attorney. This provision has been added to this agenda with the intent to meet all elements necessary to satisfy Texas Government Code Chapter 551.144(c) and the meeting is conducted by all participants in reliance on this opinion. Attendance by Other Elected or Appointed Officials: It is anticipated that members of other governmental bodies, and/or city boards may attend the meeting in numbers that may constitute a quorum of the body, board, commission and/or committee. Notice is hereby given that the meeting, to the extent required by law, is also noticed as a possible meeting of the other body, board, commission and/or committee, whose members may be in attendance, if such numbers constitute a quorum. The members of the boards, commissions and/or committees may be permitted to participate in discussions on the same items listed on the agenda, which occur at the meeting, but no action will be taken by such in attendance unless such item and action is specifically provided for on an agenda for that body, board, commission or committee subject to the Texas Open Meetings Act. Page 3 of 47 AGENDA ITEM REPORT 6.1. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Discuss and consider action to approve the Corporation's monthly financial report for June 2026. Meeting: Monday, July 13, 2026 Department: Economic Development Staff Contact: BACKGROUND INFORMATION: Highlights of the June 2026 financial report include: - Revenues currently exceed expenses for the current year by $5,464,979. However, the Corporation was awaiting reimbursement from the City for CIP expenditures as of June 30th. After being received, revenues exceed expenditures by $7,296,525. - The corporation's current fund balance is $13,860,700 - As of June, sales tax revenue is at 70.88% of budgeted amounts, which is about 4% short of expectations. Interest income is nearly 100% realized with 3 months of the fiscal year remaining. - Notable expenditures for the month include payments for the joint EDC/City projects and a downtown property purchase. - The "Contribution from City" revenue line item and "Capital Outlay" expense line item will increase as payments for various CIP projects are incurred. SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: 1. June 2026 Financial Report Page 4 of 47  Balance Sheet City of Hutto, TX Account Summary As Of 06/30/2026 Account Name Balance Fund: 35 - Economic Development Corporation Assets 35-1000 Claim on Cash 0.00 35-1035 EDC Checking - FSB 0.00 35-1036 Wells Fargo - EDC Checking 4,826,499.75 35-1079 TexPool - EDC Operating 6,699,751.13 35-1081 Cash on Hand 0.00 35-1137 Alliance Escrow Account 1,171,414.59 35-1221 Sales Tax Receivable 1,271,733.93 35-1231 Accounts Receivable 0.00 35-1270 Loan Funds at BCL 0.00 35-1271 Purchase Option Assets 0.00 35-1275 Business Loans 58,794.44 35-1278 Allowance for Doubtful Accounts-Leases 0.00 35-1279 Allowance for Doubtful Accounts -58,794.44 35-1298 Megasite Arterial Rd Rec 780.00 35-1299 Lease Receivable 0.00 35-1310 Due From City 7,135.92 35-1422 Prepaid Expenses 0.00 Total Assets: 13,977,315.32 13,977,315.32 Liability 35-2001 Accounts Payable 80.54 35-2005 Economic Dev Agreement Payable 16,403.98 35-2250 Due to City of Hutto 50,131.10 35-2251 Due to City of Hutto TIRZ 0.00 35-2290 Other Liabilities 50,000.00 35-2504 Legal Fee Deposit Liability 0.00 35-2998 Deferred Inflows - Notes Receivable 0.00 35-2999 Deferred Inflows - Leases 0.00 Total Liability: 116,615.62 Equity 35-3001 Fund Balance 8,373,535.72 Total Beginning Equity: 8,373,535.72 Total Revenue 11,513,985.45 Total Expense 6,026,821.47 Revenues Over/Under Expenses 5,487,163.98 Total Equity and Current Surplus (Deficit): 13,860,699.70 Total Liabilities, Equity and Current Surplus (Deficit): 13,977,315.32 Page 5 of 47  Budget Report City of Hutto, TX Account Summary For Fiscal: 2025-2026 Period Ending: 06/30/2026 Variance Original Current Period Fiscal Favorable Percent Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund: 35 - Economic Development Corporation Revenue 35-5005 Sales Tax 3,618,706.00 3,848,956.00 287,612.28 2,728,184.54 -1,120,771.46 29.12 % 35-5007 Sales Tax Rebates 0.00 -230,250.00 0.00 -17,899.28 212,350.72 7.77 % 35-5041 Interest Earned 175,000.00 175,000.00 0.00 172,348.52 -2,651.48 1.52 % 35-5099 Other Revenue 38,080,654.00 38,080,654.00 94,000.00 7,596,392.59 -30,484,261.41 80.05 % 35-5199 Lease Revenue 0.00 0.00 0.00 6,300.00 6,300.00 0.00 % 35-5925 Contribution from City 0.00 46,256,436.00 1,006,474.37 1,006,474.37 -45,249,961.63 97.82 % Revenue Total: 41,874,360.00 88,130,796.00 1,388,086.65 11,491,800.74 -76,638,995.26 86.96% Expense 35-500-008-6204 Special Events/Awards 346.50 346.50 0.00 57.00 289.50 83.55 % 35-500-008-6205 Food/Meals 750.00 750.00 0.00 793.99 -43.99 -5.87 % 35-500-008-6208 Tradeshows & Conferences 1,311.50 1,311.50 0.00 10.80 1,300.70 99.18 % 35-500-008-6401 Attorney Svcs 125,000.00 125,000.00 0.00 75,322.25 49,677.75 39.74 % 35-500-008-6405 Professional Svcs 10,012.00 119,012.00 0.00 12,412.00 106,600.00 89.57 % 35-500-008-6416 Marketing Services 44,382.60 50,382.60 0.00 33,347.36 17,035.24 33.81 % 35-500-008-6417 Business Program Administration 21,684.00 21,684.00 0.00 15,750.00 5,934.00 27.37 % 35-500-008-6441 Audit Svcs 7,500.00 7,500.00 0.00 7,500.00 0.00 0.00 % 35-500-008-6502 Training & Development 825.00 825.00 0.00 356.10 468.90 56.84 % 35-500-008-6504 Postage 100.00 100.00 0.00 0.00 100.00 100.00 % 35-500-008-6505 Bank & Finance Charges 350.00 968.00 0.00 1,124.41 -156.41 -16.16 % 35-500-008-6507 Membership Dues & Subscriptions 13,360.00 13,360.00 0.00 12,635.00 725.00 5.43 % 35-500-008-6550 Business Incentives 125,000.00 125,000.00 0.00 0.00 125,000.00 100.00 % 35-500-008-6555 Small Business Incentive Program 200,000.00 200,000.00 -10,000.00 0.00 200,000.00 100.00 % 35-500-008-6556 Performance Grants 772,500.00 772,500.00 10,000.00 410,000.00 362,500.00 46.93 % 35-500-008-6558 Sponsorships/Community Outreach 51,650.00 51,650.00 0.00 51,926.54 -276.54 -0.54 % 35-500-008-6631 Land Purchases 0.00 2,289,500.00 344,364.61 344,364.61 1,945,135.39 84.96 % 35-500-008-6650 Capital Outlay 0.00 47,281,436.00 1,831,546.10 2,838,020.47 44,443,415.53 94.00 % 35-500-008-6801 EDC Debt Principal Pmt 215,000.00 215,000.00 0.00 0.00 215,000.00 100.00 % 35-500-008-6802 EDC Debt Interest pmt 332,480.36 332,480.36 0.00 166,240.18 166,240.18 50.00 % 35-500-008-6806 Loan Principal Payment 13,403,723.00 4,813,066.00 0.00 1,688,614.19 3,124,451.81 64.92 % 35-500-008-6807 Loan Interest Payment 0.00 526,939.00 0.00 368,346.57 158,592.43 30.10 % Expense Total: 15,325,974.96 56,948,810.96 2,175,910.71 6,026,821.47 50,921,989.49 89.42% Fund: 35 - Economic Development Corporation Surplus (Deficit): 26,548,385.04 31,181,985.04 -787,824.06 5,464,979.27 -25,717,005.77 82.47% Report Surplus (Deficit): 26,548,385.04 31,181,985.04 -787,824.06 5,464,979.27 -25,717,005.77 82.47% Page 6 of 47 Budget Report For Fiscal: 2025-2026 Period Ending: 06/30/2026 Group Summary Variance Original Current Period Fiscal Favorable Percent Account Typ… Total Budget Total Budget Activity Activity (Unfavorable) Remaining Fund: 35 - Economic Development Corporation Revenue 41,874,360.00 88,130,796.00 1,388,086.65 11,491,800.74 -76,638,995.26 86.96% Expense 15,325,974.96 56,948,810.96 2,175,910.71 6,026,821.47 50,921,989.49 89.42% Fund: 35 - Economic Development Corporation Surplus (Deficit): 26,548,385.04 31,181,985.04 -787,824.06 5,464,979.27 -25,717,005.77 82.47% Report Surplus (Deficit): 26,548,385.04 31,181,985.04 -787,824.06 5,464,979.27 -25,717,005.77 82.47% Page 7 of 47 Budget Report For Fiscal: 2025-2026 Period Ending: 06/30/2026 Fund Summary Variance Original Current Period Fiscal Favorable Fund Total Budget Total Budget Activity Activity (Unfavorable) 35 - Economic Development Corporation 26,548,385.04 31,181,985.04 -787,824.06 5,464,979.27 -25,717,005.77 Report Surplus (Deficit): 26,548,385.04 31,181,985.04 -787,824.06 5,464,979.27 -25,717,005.77 Page 8 of 47  Commercial Checking Acct Public Funds Account number: 4373524362 June 1, 2026 - June 30, 2026 Page 1 of 2 Questions? Call Global Payments & Liquidity Service 1-800-AT WELLS (1-800-289-3557) HUTTO ECONOMIC DEVELOPMENT CORPORATION Online: wellsfargo.com OPERATING ACCOUNT 500 W LIVE OAK ST Write: Wells Fargo Bank, N.A. (182) HUTTO TX 78634-3179 PO Box 63020 San Francisco, CA 94163 Account summary Commercial Checking Acct Public Funds Account number Beginning balance Total credits Total debits Ending balance 4373524362 $7,365,358.37 $1,100,474.37 -$1,778,982.17 $6,686,850.57 Credits Electronic deposits/bank credits Effective Posted date date Amount Transaction detail 06/16 1,006,474.37 WT Seq455329 City of Hutto, Operatin /Org=City of Hutto Srf# Gb00000085141799 Trn#260616455329 Rfb# 1376 06/26 94,000.00 WT Fed#01R01 Commonwealth Land /Org=Cltic Ncs Fxfc Srf# 2026062600486774 Trn#260626124054 Rfb# $1,100,474.37 Total electronic deposits/bank credits $1,100,474.37 Total credits Debits Electronic debits/bank debits Effective Posted date date Amount Transaction detail 06/02 200.00 WT Fed#02R00 South State Bank, /Ftr/Bnf=Capstone Title Escrow Account Srf# Gw00000084823132 Trn#260602091208 Rfb# 1373 06/05 11,000.00 WT Fed#01R00 Frost Bank /Ftr/Bnf=Corridor Title LLC Srf# Gw00000084915366 Trn#260605103383 Rfb# 1374 06/22 333,164.61 WT Fed#01R02 Frost Bank /Ftr/Bnf=Corridor Title LLC Escrow Acct Comm Srf# Gw00000085260932 Trn#260622290648 Rfb# 1378 $344,364.61 Total electronic debits/bank debits ©2 026 We lls Fargo Bank, N.A. All rights reserved. Member FDIC. (182) Sheet Seq = 0042582 Sheet 00001 of 00002 Page 9 of 47  Account number: 4373524362 June 1, 2026 - June 30, 2026 Page 2 of 2 Checks paid Number Amount Date Number Amount Date Number Amount Date 8147 3,625.99 06/01 8153 * 424,517.20 06/01 8155 * 1,006,474.37 06/16 $1,434,617.56 Total checks paid * Gap in check sequence. $1,778,982.17 Total debits Daily ledger balance summary Date Balance Date Balance Date Balance 05/31 7,365,358.37 06/05 6,926,015.18 06/22 6,592,850.57 06/01 6,937,215.18 06/16 6,926,015.18 06/26 6,686,850.57 06/02 6,937,015.18 Average daily ledger balance $6,843,205.79 ©2 026 We lls Fargo Bank, N.A. All rights reserved. Member FDIC. Sheet Seq = 0042583 Sheet 00002 of 00002 Page 10 of 47  Bank Statement Register City of Hutto, TX EDC Checking Period 6/1/2026 - 6/30/2026 Packet: BRPKT03131 Bank Statement General Ledger Beginning Balance 7,365,358.37 Account Balance 4,826,499.75 Plus Debits 1,100,474.37 Less Outstanding Debits 0.00 Less Credits 1,778,982.17 Plus Outstanding Credits 1,860,350.82 Adjustments 0.00 Adjustments 0.00 Ending Balance 6,686,850.57 Adjusted Account Balance 6,686,850.57 Statement Ending Balance 6,686,850.57 Bank Difference 0.00 General Ledger Difference 0.00 CASH BALANCE CONSISTS OF THE FOLLOWING GENERAL LEDGER ACCOUNTS 35-1036 Wells Fargo - EDC Checking Cleared Checks Item Date Reference Item Type Description Amount 04/13/2026 8147 Check Hutto Wine Bar -3,625.99 05/22/2026 8153 Check Es Vedra Cinemas LLC -424,517.20 06/08/2026 8155 Check McKee Utility Contractors -1,006,474.37 Total Cleared Checks (3) -1,434,617.56 Cleared Other Item Date Reference Item Type Description Amount 06/30/2026 MISC0010271 Miscellaneous EDC ACTIVITIES - JUN 2026 1,006,474.37 06/30/2026 MISC0010272 Miscellaneous EDC ACTIVITIES - JUN 2026 94,000.00 06/30/2026 MISC0010273 Miscellaneous EDC ACTIVITIES - JUN 2026 -200.00 06/30/2026 MISC0010274 Miscellaneous EDC ACTIVITIES - JUN 2026 -11,000.00 06/30/2026 MISC0010275 Miscellaneous EDC ACTIVITIES - JUN 2026 -333,164.61 Total Cleared Other (5) 756,109.76 Outstanding Checks Item Date Reference Item Type Description Amount 05/11/2026 8152 Check Williamson County Economic Development Partnership -10,000.00 06/08/2026 8154 Check Hyde Kelley LLP -18,804.72 06/26/2026 8156 Check Capital Excavation Company -932,282.70 Page 11 of 47 Outstanding Checks Item Date Reference Item Type Description Amount 06/26/2026 8157 Check McKee Utility Contractors -899,263.40 Total Outstanding Checks (4) -1,860,350.82 Page 12 of 47  Bank Statement Register City of Hutto, TX Transaction Summary Transaction Type Count Outstanding Cleared Total Check 7 -1,860,350.82 -1,434,617.56 -3,294,968.38 Miscellaneous 5 0.00 756,109.76 756,109.76 -1,860,350.82 -678,507.80 -2,538,858.62 Page 13 of 47  Check Report City of Hutto, TX By Check Number Date Range: 06/01/2026 - 06/30/2026 Vendor Number Vendor Name Payment Date Payment Type Discount Amount Payment Amount Number Bank Code: EDC - Wells Fargo-EDC Operating - Wells Fargo E22060 Hyde Kelley LLP 06/08/2026 Regular 0.00 18,804.72 8154 E22962 McKee Utility Contractors 06/08/2026 Regular 0.00 1,006,474.37 8155 E22919 Capital Excavation Company 06/26/2026 Regular 0.00 932,282.70 8156 E22962 McKee Utility Contractors 06/26/2026 Regular 0.00 899,263.40 8157 Bank Code EDC - Wells Fargo Summary Payable Payment Payment Type Count Count Discount Payment Regular Checks 7 4 0.00 2,856,825.19 Manual Checks 0 0 0.00 0.00 Voided Checks 0 0 0.00 0.00 Bank Drafts 0 0 0.00 0.00 EFT's 0 0 0.00 0.00 7 4 0.00 2,856,825.19 Page 14 of 47 Check Report Date Range: 06/01/2026 - 06/30/2026 All Bank Codes Check Summary Payable Payment Payment Type Count Count Discount Payment Regular Checks 7 4 0.00 2,856,825.19 Manual Checks 0 0 0.00 0.00 Voided Checks 0 0 0.00 0.00 Bank Drafts 0 0 0.00 0.00 EFT's 0 0 0.00 0.00 7 4 0.00 2,856,825.19 Fund Summary Fund Name Period Amount 35 Economic Development Corporation 6/2026 2,856,825.19 2,856,825.19 Page 15 of 47 Page 16 of 47 7/6/26, 11:43 AM TexPool Participant Statement TexPool Participant Services 1001 Texas Avenue, Suite 1150 Houston, TX 77002 Participant HUTTO EDC OPERATING ACCOUNT ATTN CHRISTINA BISHOP PO BOX 1016 HUTTO TX 78634-1016 Statement Statement Period 06/01/2026 - 06/30/2026 Customer Service 1-866-TEX-POOL Location ID 000079034 Investor ID 000015672 TexPool Update A redesigned, personalized, and dynamic participant experience is here] Log in to your TexConnect account to learn more] TexPool Summary Beginning Total Total Total Current Average Pool Name Balance Deposits Withdrawals Interest Balance Balance Texas Local Government $6,679,728.74 $0.00 $0.00 $20,022.39 $6,699,751.13 $6,680,396.15 Investment Pool Total Dollar Value $6,679,728.74 $0.00 $0.00 $20,022.39 $6,699,751.13 Portfolio Value Market Value Share Price Shares Owned Market Value Pool Name Pool/Account (06/01/2026) (06/30/2026) (06/30/2026) (06/30/2026) Texas Local Government Investment Pool 449/7903400001 $6,679,728.74 $1.00 6,699,751.130 $6,699,751.13 Total Dollar Value $6,679,728.74 $6,699,751.13 Interest Summary Month-to-Date Year-to-Date Pool Name Pool/Account Interest Interest Texas Local Government Investment Pool 449/7903400001 $20,022.39 $121,360.67 Total $20,022.39 $121,360.67 Transaction Detail Texas Local Government Investment Pool Participant: HUTTO EDC Pool/Account: 449/7903400001 Transaction Settlement Transaction Transaction Share Shares This Shares Date Date Description Dollar Amount Price Transaction Owned 06/01/2026 06/01/2026 BEGINNING BALANCE $6,679,728.74 $1.00 6,679,728.740 06/30/2026 06/30/2026 MONTHLY POSTING $20,022.39 $1.00 20,022.390 6,699,751.130 Account Value as of 06/30/2026 $6,699,751.13 $1.00 6,699,751.130 file:///C:/Users/Christina.Bishop/Downloads/June-Statement-2026-07903400001.htm Page 17 of1/1 47 6/4/26, 10:20 AM TexPool Participant Statement TexPool Participant Services 1001 Texas Avenue, Suite 1150 Houston, TX 77002 Participant HUTTO EDC OPERATING ACCOUNT ATTN CHRISTINA BISHOP PO BOX 1016 HUTTO TX 78634-1016 Statement Statement Period 05/01/2026 - 05/31/2026 Customer Service 1-866-TEX-POOL Location ID 000079034 Investor ID 000015672 TexPool Update Stay informed with the latest market perspective from our portfolio managers and strategists by visiting the Insights page of TexPool.com. TexPool Summary Beginning Total Total Total Current Average Pool Name Balance Deposits Withdrawals Interest Balance Balance Texas Local Government $6,659,231.81 $0.00 $0.00 $20,496.93 $6,679,728.74 $6,661,215.38 Investment Pool Total Dollar Value $6,659,231.81 $0.00 $0.00 $20,496.93 $6,679,728.74 Portfolio Value Market Value Share Price Shares Owned Market Value Pool Name Pool/Account (05/01/2026) (05/31/2026) (05/31/2026) (05/31/2026) Texas Local Government Investment Pool 449/7903400001 $6,659,231.81 $1.00 6,679,728.740 $6,679,728.74 Total Dollar Value $6,659,231.81 $6,679,728.74 Interest Summary Month-to-Date Year-to-Date Pool Name Pool/Account Interest Interest Texas Local Government Investment Pool 449/7903400001 $20,496.93 $101,338.28 Total $20,496.93 $101,338.28 Transaction Detail Texas Local Government Investment Pool Participant: HUTTO EDC Pool/Account: 449/7903400001 Transaction Settlement Transaction Transaction Share Shares This Shares Date Date Description Dollar Amount Price Transaction Owned 05/01/2026 05/01/2026 BEGINNING BALANCE $6,659,231.81 $1.00 6,659,231.810 05/29/2026 05/29/2026 MONTHLY POSTING $20,496.93 $1.00 20,496.930 6,679,728.740 Account Value as of 05/31/2026 $6,679,728.74 $1.00 6,679,728.740 file:///C:/Users/Christina.Bishop/Downloads/May-Statement-2026-07903400001.htm Page 18 of1/1 47  Hutto Economic Development Corporation Sales Tax Revenue Tracking - FY 2025-26 2015-16 2016-17 2017-18 2018-2019 2019-2020 FY 2020-2021 FY 2021-2022 FY 2022-2023 FY 2023-2024 (a) FY 2024-2025 (a) FY 2025-2026 (a) Month Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual October 63,287 69,268 92,357 118,635 126,739 153,613 216,926 232,419 253,911 278,312 284,854 November 79,986 87,633 89,840 89,335 122,677 177,030 211,701 239,827 288,350 321,756 327,911 December 65,702 68,998 113,670 125,495 157,104 200,904 172,779 280,168 271,039 293,851 307,860 January 62,918 79,728 86,496 103,405 124,832 158,361 190,809 224,784 281,161 266,613 290,388 February 81,489 94,191 85,407 114,474 116,493 131,667 181,806 261,876 318,291 408,895 340,524 March 60,032 85,606 129,988 116,086 156,272 229,146 265,537 318,020 240,224 258,180 271,863 April 61,823 81,501 104,502 116,428 158,841 192,706 234,078 261,378 250,421 406,061 245,816 May 89,017 109,160 99,704 123,021 167,310 192,815 232,144 263,482 305,281 345,220 371,357 June 68,789 80,100 94,996 142,221 186,000 221,228 266,784 295,849 280,515 305,098 287,612 July 66,076 89,793 104,049 119,433 163,039 214,882 239,765 280,594 282,767 300,526 August 88,382 105,052 99,547 118,969 157,195 198,752 240,898 253,911 304,953 322,488 September 72,702 96,255 117,155 140,667 169,266 271,765 269,546 288,350 311,729 325,903 TIRZ Sales Tax - - - - - - - - - (16,027) Refunded for Incentive Agreement (249) Total 860,203 1,047,285 1,217,712 1,428,170 1,805,769 2,342,870 2,722,774 3,200,657 3,388,642 3,816,873 2,728,185 (a) Changed to cash basis method of accounting for sales tax receipts in FY 2024 Page 19 of 47 City of Hutto Summary of EDC/City Receivable June 30, 2026 Due to City for Expense Reimbursement Sales Tax Due by City to EDC - May 2026 371,356.50 Sponsorships/Community Outreach 50,000.00 Sales Tax Due by City to EDC - June 2026 287,612.28 Required Sales Tax Training 131.10 Hooky Payment - Sales Tax Incentive 7,135.92 Due to City for Expense Reimbursement (50,131.10) Amount due to EDC to Settle Interfunds 615,973.60 $ 50,131.10 Page 20 of 47  Hutto EDC Summary of Active Incentives June 2026 Next Projected Payments to Estimated Payments/ Costs Party Year Expiration Estimated End Date Last payment date Payment Date Date Remaining Type of Rebate AEND 2018 December 31, 2028 2028 February 2022 Unknown 150,000.00 25,000.00 Grant After the grant is exahusted or 10 years after construction Ovivo 2021 actually begins (whichever is earlier) 2033 December 2022 Unknown 75,000.00 205,000.00 Grant K-Tonic 2021 2031 or when remaining $10,000 grant is expended 2031 March 2022 Unknown 120,000.00 10,000.00 Grant Es Vedra Cinemas 2023 10 years after effective date 2035 June 2025 May 2027 900,000.00 3,100,000.00 Grant Es Vedra Cinemas (a) 2023 10 years after effective date 2035 N/A May 2027 24,517.20 1,325,482.80 Sales Taxes (EDC/COH) AS-64 CR 119-HWY 79 LLP 2023 15 years after agreement execution 2038 June 2025 August 2026 700,000.00 3,300,000.00 Grant AS-64 CR 119-HWY 79 LLP (a) 2023 15 years after agreement execution 2038 November 2025 August 2026 404,404.55 4,595,595.45 Sales Taxes (EDC/COH) Hutto Hospitality 2023 10 years after receipt of Certificate of Occupancy 2035 September 2023 N/A 300,000.00 - Loan/Grant Earliest of 4 years after the effective date, 380 payments NTE, or termination in accordance with other provisions of Hutto Wine Bar 2023 the agreement 2028 April 2025 N/A 30,000.00 - Grant Earliest of 4 years after the effective date, 380 payments NTE, or termination in accordance with other provisions of Hutto Wine Bar (a) 2024 the agreement 2028 April 2025 April 2027 5,372.33 11,627.67 Sales Taxes (EDC/COH) 5 years following Happy Panini's receipt of Certificate of Happy Panini 2024 Occupancy 2029 December 2024 N/A 30,000.00 - Grant Cerco Development 2025 3-years after Sprouts obtains CO 2031 N/A 2028 - 875,000 Grant (a) Total amount paid to date and estimated remaining payments include the contributions from the City of Hutto Page 21 of 47 AGENDA ITEM REPORT 6.2. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Discuss and consider action regarding a farm lease request for the Corporation- owned property at the Hutto Megasite. (Allen Click) Meeting: Monday, July 13, 2026 Department: Economic Development Staff Contact: BACKGROUND INFORMATION: Mr. Click currently holds a farm lease with the HEDC for their Cottonwood Property and would like to request one for the HEDC-owned property at the Megasite. Mr. Click will be at the meeting to discuss his proposal in more detail and provide an opportunity for the Board to ask questions. SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: None Page 22 of 47 AGENDA ITEM REPORT 6.3. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Discuss and consider action on Resolution R- HEDC-2026-042 to approve a sponsorship for the Texas-Korea Summit, a Hutto Area Chamber event in August and approve the corresponding budget amendment. Meeting: Monday, July 13, 2026 Department: Economic Development Staff Contact: BACKGROUND INFORMATION: The Hutto Area Chamber is partnering with the Taylor Chamber and the Austin Area Asian Chamber on an upcoming event, the Texas-Korea Summit, on August 26, 2026. There are sponsorships available and the Hutto Chamber has inquired about if the HEDC would like to sponsor. At present, there are two levels of sponsorships currently available: at $500 (Community Sponsor) or $1000 (Spotlight Sponsor). The sponsorship details for each level are provided as an attachment to this agenda item and the event details can be found online via search or at this direct link: 2026 Central Texas-Korea Summit - Greater Austin Asian Chamber of Commerce SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: 1. Texas-Korea Summit 2026-Sponsorships 2. 2026.07.13 6.3 Resolution R-HEDC-2026-042 Chamber Event Page 23 of 47 Page 24 of 47  HUTTO ECONOMIC DEVELOPMENT CORPORATION, TYPE B RESOLUTION NO. R-HEDC-2026-042 A RESOLUTION OF THE HUTTO ECONOMIC DEVELOPMENT CORPORATION TYPE B, APPROVING THE EXPENSE AND BUDGET AMENDMENT TO SPONSOR THE TEXAS-KOREA SUMMIT HOSTED BY THE HUTTO AREA CHAMBER OF COMMERCE; PROVIDING FOR REPEAL, SEVERABILITY, OPEN MEETINGS COMPLIANCE, AN EFFECTIVE DATE, AND PROVIDING FOR RELATED MATTERS WHEREAS, the Hutto Economic Development Corporation, Type B (the “Corporation”) is an economic development corporation operating pursuant to the Development Corporation Act, as codified in the Local Government Code, as amended and the Texas Non-Profit Corporation Act, as codified in the Texas Business Organizations Code, as amended; and WHEREAS, The Board of Directors for the Corporation (the “Board”) finds that the Hutto Area Chamber of Commerce (the “Chamber”) hosts events that promote economic development and business enterprise within the City; and WHEREAS, The Board finds that the Chamber is working with other local chambers to host a dynamic, cross-cultural, business event designed to showcase the emerging Korean business ecosystem in central Texas (the “Event”); and WHEREAS, the Board finds that sponsoring the event will provide valuable marketing opportunities for the Corporation; and WHEREAS, the Board desires to approve the expense and a budget amendment to sponsor the Event. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Hutto Economic Development Corporation, Type B that: 1. The statements set forth in and by reference in the recitals of this Resolution are true and correct, and the Corporation hereby incorporates such recitals as a part of this Resolution. 2. The Board of Directors hereby approves the expenditure of up to $1,000.00 for sponsorship of the Event and authorizes the Executive Director to take such actions as is necessary to facilitate the sponsorship. 3. The Board hereby approves a budget amendment of up to $1,000.00 as shown in the attached Exhibit A. 4. This Resolution shall be and is hereby cumulative of all other resolutions of the Resolution No. R-HEDC-2026-042 Page 25 of 47 Corporation, and this Resolution shall not operate to amend, change, supplement or repeal any such other resolutions or action of the Board insofar as the provisions thereof might be inconsistent or in conflict with the provisions of this Resolution, in which event such conflicting provisions, if any, in such other resolutions are hereby repealed. 5. Should any portion or part of this Resolution be held for any reason invalid or unenforceable by a court of competent jurisdiction, the same shall not be construed to affect any other valid portion hereof, but all valid portions hereof shall remain in full force and effect. 6. The Board hereby declares that written notice of the date, hour and place of the meeting at which this Resolution was adopted, was posted and that such meeting was open to the public as required by law at all times when this Resolution and the subject matter hereof were discussed, considered, and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. 7. This Resolution shall become effective and be in full force and effect from and after the date of passage and adoption by the Corporation and shall be binding on the Corporation. Any budget changes not previously approved by City Council will be final and binding after approval by City Council. PASSED AND APPROVED by the Board of Directors of the Hutto Economic Development Corporation, Type B on the 13th day of July, 2026. APPROVED _______________________________ Caitlin Morales, Vice Chairperson ATTEST: _______________________________ Irma Gonzales, Secretary Resolution No. R-HEDC-2026-042 Page 26 of 47  EXHIBIT A TEXAS-KOREON SUMMIT BUDGET AMENDMENT Resolution No. R-HEDC-2026-042 Page 27 of 47 AGENDA ITEM REPORT 6.4. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Consideration and possible action on Resolution R-HEDC-2026-040 to approve an expense and budget amendment for site signage for Corporation-owned property. Meeting: Monday, July 13, 2026 Department: Economic Development Staff Contact: BACKGROUND INFORMATION: To support effective marketing of Corporation-owned property, staff is proposing on-site signage as common for industrial and commercial properties being marketed for development. The not-to- exceed amount of $10,000 would cover 3 sets of large, v-shaped, signs approximately 8'x12' proposed for the Megasite and Cottonwood Properties as well as 5 smaller 3'x5' signs for additional smaller properties as the Board continues to engage in strategic land acquisition. The not-to-exceed amount requested is based on a quote received from Executive Signs; an additional quote from FastSigns is pending. Staff proposes the expense be allocated from the Marketing Services line item that has $7,500 itemized for "additional marketing services" and the remainder come from the Corporation's fund balance. SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: 1. 2026.07.13 6.4 Resolution R-HEDC-2026-040 Site Signage Page 28 of 47  HUTTO ECONOMIC DEVELOPMENT CORPORATION, TYPE B RESOLUTION NO. R-HEDC-2026-040 A RESOLUTION OF THE HUTTO ECONOMIC DEVELOPMENT CORPORATION TYPE B, APPROVING THE EXPENSE AND BUDGET AMENDMENT FOR SITE SIGNAGE FOR CORPORATION PROPERTY; PROVIDING FOR REPEAL, SEVERABILITY, OPEN MEETINGS COMPLIANCE, AN EFFECTIVE DATE, AND PROVIDING FOR RELATED MATTERS WHEREAS, the Hutto Economic Development Corporation, Type B (the “Corporation”) is an economic development corporation operating pursuant to the Development Corporation Act, as codified in the Local Government Code, as amended and the Texas Non-Profit Corporation Act, as codified in the Texas Business Organizations Code, as amended; and WHEREAS, the Board of Directors for the Corporation (the “Board”) finds that the Corporation owners acreage within the City that is commonly referred to as the Megasite and Cottonwood Properties and which the Corporation is currently developing to promote economic development within the City; and WHEREAS, the Board finds that signage would enhance community and business knowledge and recognition of the project; and WHEREAS, the Board desires to purchase signage for the Megasite and Cottonwood Properties and approve a related budget amendment. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Hutto Economic Development Corporation, Type B that: 1. The statements set forth in and by reference in the recitals of this Resolution are true and correct, and the Corporation hereby incorporates such recitals as a part of this Resolution. 2. The Board of Directors hereby approves an expense of up to TEN THOUSAND DOLLARS AND ZERO CENTS ($10,000.00) for signage on the Megasite and Cottonwood Properties. 3. The Board hereby approves a budget amendment in the amount of the expense approved above as shown in the attached Exhibit A. 4. This Resolution shall be and is hereby cumulative of all other resolutions of the Corporation, and this Resolution shall not operate to amend, change, supplement or repeal any such other resolutions or action of the Board insofar as the provisions thereof might be inconsistent or in conflict with the provisions of this Resolution, in which event such conflicting provisions, if any, in such other resolutions are hereby repealed. Resolution R-HEDC-2026-040 Page 29 of 47  5. Should any portion or part of this Resolution be held for any reason invalid or unenforceable by a court of competent jurisdiction, the same shall not be construed to affect any other valid portion hereof, but all valid portions hereof shall remain in full force and effect. 6. The Board hereby declares that written notice of the date, hour and place of the meeting at which this Resolution was adopted, was posted and that such meeting was open to the public as required by law at all times when this Resolution and the subject matter hereof were discussed, considered, and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. 7. This Resolution shall become effective and be in full force and effect from and after the date of passage and adoption by the Corporation and shall be binding on the Corporation. Any budget changes not previously approved by City Council will be final and binding after approval by City Council. PASSED AND APPROVED by the Board of Directors of the Hutto Economic Development Corporation, Type B on the 13th day of July, 2026. APPROVED _______________________________ Caitlin Morales, Vice Chairperson ATTEST: _______________________________ Irma Gonzales, Secretary Resolution R-HEDC-2026-040 Page 30 of 47  EXHIBIT A SITE SIGNAGE BUDGET AMENDMENT Resolution R-HEDC-2026-040 Page 31 of 47 AGENDA ITEM REPORT 6.5. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Discuss and consider action on Resolution R-HEDC-2026-041 approving a budget amendment of the Corporation reducing budgeted land sale revenues. Meeting: Monday, July 13, 2026 Department: Finance Staff Contact: BACKGROUND INFORMATION: This proposed amendment reduces budgeted revenues to reflect actual and anticipated land sales for the fiscal year, as of June 30, 2026. The Corporation had originally budgeted for three land sales this fiscal year, totaling $38,080,654. As of the end of June: • One sale closed, generating $6.8 million. • One sale has been postponed to a future fiscal year; the Corporation continues to receive monthly option payments in the interim. • One sale did not materialize. As a result, the proposed amendment reduces the revenue budget by $30,108,761. If approved, the revised budgeted ending fund balance will be $10,720,355. SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: 1. Exhibit A - Proposed Budget Amendment 7-13-2026 2. 2026.07.13 6.5 Resolution R-HEDC-2026-041 Reduce Land Sale Revenues Page 32 of 47  EXHIBIT A Proposed Budget Amendment 7/13/2026 Proposed Budget Department / Description Account Code Current Budget Revised Budget Notes Amendment Expenses Other Revenue 35-5099 $ 38,080,654 $ (30,108,761) $ 7,971,893 To reduce budgeted land sale revenue to projected totals Page 33 of 47  HUTTO ECONOMIC DEVELOPMENT CORPORATION, TYPE B RESOLUTION NO. R-HEDC-2026-041 A RESOLUTION OF THE HUTTO ECONOMIC DEVELOPMENT CORPORATION TYPE B, APPROVING A BUDGET AMENDMENT OF 2025-2026 FISCAL YEAR BUDGET REDUCING BUDGETED LAND SALE REVENUES; PROVIDING FOR REPEAL, SEVERABILITY, TEXAS OPEN MEETINGS ACT COMPLIANCE, AN EFFECTIVE DATE, AND PROVIDING FOR RELATED MATTERS WHEREAS, the Hutto Economic Development Corporation, Type B (the “Corporation”) is an economic development corporation operating pursuant to the Development Corporation Act, as codified in the Local Government Code, as amended, and the Texas Non-Profit Corporation Act, as codified in the Texas Business Organizations Code, as amended; and WHEREAS, the Board of Directors for the Corporation (the “Board”) finds that it passed a budget for the 2026-2027 Fiscal Year which included the anticipated lad sale revenues for the year: WHEREAS, the Board finds that the anticipated land sale revenues is now anticipated to be less than what was previously forecasted. WHEREAS, the Board desires to approve a budget amendment for the 2025-2026 Fiscal Year to reduce budgeted land sale revenues. NOW, THEREFORE, BE IT RESOLVED by the Hutto Economic Development Corporation, Type B Board of Directors that: 1. The findings and recitals set forth above are hereby determined to be true and correct and are incorporated into this Resolution as if fully stated herein. 2. The Board of Directors hereby approves a budget amendment to reduce budgeted land sale revenues as provided in the attached Exhibit A. 3. This Resolution shall be and is hereby cumulative of all other resolutions of the Corporation, and this Resolution shall not operate to amend, change, supplement or repeal any such other resolutions or action of the Board insofar as the provisions thereof might be inconsistent or in conflict with the provisions of this Resolution, in which event such conflicting provisions, if any, in such other resolutions are hereby repealed. 4. Should any portion or part of this Resolution be held for any reason invalid or unenforceable by a court of competent jurisdiction, the same shall not be construed to affect any other valid portion hereof, but all valid portions hereof shall remain in full force and effect. 5. The Board hereby declares that written notice of the date, hour and place of the meeting at which this Resolution was adopted, was posted and that such meeting was Resolution R-HEDC-2026-041 Page 34 of 47  open to the public as required by law at all times when this Resolution and the subject matter hereof were discussed, considered, and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. 6. This Resolution shall become effective immediately upon passage. PASSED AND APPROVED by the Board of Directors of the Hutto Economic Development Corporation, Type B on the 13th day of July, 2026. APPROVED _______________________________ Caitlin Morales, Vice Chairperson ATTEST: _______________________________ Irma Gonzalez, Secretary Resolution R-HEDC-2026-041 Page 35 of 47  EXHIBIT A LAND SALE REVENUE BUDGET AMENDMENT Resolution R-HEDC-2026-041 Page 36 of 47 AGENDA ITEM REPORT 6.6. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Discuss and consider action to approve Resolution R-HEDC-2026-043 to approve the expense and budget amendment of a table at the Champions Luncheon hosted by the Williamson County Economic Development Partnership. Meeting: Monday, July 13, 2026 Department: Economic Development Staff Contact: BACKGROUND INFORMATION: The Annual Champions Luncheon, hosted by the Williamson County Economic Development Partnership, is scheduled for August 13, 2026. This year, to help offset costs of the event as it continues to grow, tables are being sold for $500. Each table provides for 8 seats/tickets to the event. SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: 1. 2026.07.13 6.6 Resolution R-HEDC-2026-043 Champions Luncheon Page 37 of 47  HUTTO ECONOMIC DEVELOPMENT CORPORATION, TYPE B RESOLUTION NO. R-HEDC-2026-043 A RESOLUTION OF THE HUTTO ECONOMIC DEVELOPMENT CORPORATION TYPE B, APPROVING THE EXPENSE AND BUDGET AMENDMENT FOR A TABLE AT THE CHAMPIONS LUNCHEON HOSTED BY THE WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP PROVIDING FOR REPEAL, SEVERABILITY, OPEN MEETINGS COMPLIANCE, AN EFFECTIVE DATE, AND PROVIDING FOR RELATED MATTERS WHEREAS, the Hutto Economic Development Corporation, Type B (the “Corporation”) is an economic development corporation operating pursuant to the Development Corporation Act, as codified in the Local Government Code, as amended and the Texas Non-Profit Corporation Act, as codified in the Texas Business Organizations Code, as amended; and WHEREAS, the Board finds that the expense for a table at the Champions Luncheon hosted by the Williamson County Economic Development Partnership will provide valuable marketing opportunities for the Corporation; and WHEREAS, the Board desires to approve the purchase of a table at the Champions Luncheon and for budget amendment for the cost. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Hutto Economic Development Corporation, Type B that: 1. The statements set forth in and by reference in the recitals of this Resolution are true and correct, and the Corporation hereby incorporates such recitals as a part of this Resolution. 2. The Board of Directors hereby approves the purchase of a table at the Champions Luncheon in the amount of $___________. 3. The Board hereby approves a budget amendment in the amount of the expense approved above as provided the attached Exhibit A. 4. This Resolution shall be and is hereby cumulative of all other resolutions of the Corporation, and this Resolution shall not operate to amend, change, supplement or repeal any such other resolutions or action of the Board insofar as the provisions thereof might be inconsistent or in conflict with the provisions of this Resolution, in which event such conflicting provisions, if any, in such other resolutions are hereby repealed. 5. Should any portion or part of this Resolution be held for any reason invalid or unenforceable by a court of competent jurisdiction, the same shall not be construed to affect any other valid portion hereof, but all valid portions hereof shall remain in full force and effect. Resolution R-HEDC-2026-043 Page 38 of 47  6. The Board hereby declares that written notice of the date, hour and place of the meeting at which this Resolution was adopted, was posted and that such meeting was open to the public as required by law at all times when this Resolution and the subject matter hereof were discussed, considered, and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. 7. This Resolution shall become effective and be in full force and effect from and after the date of passage and adoption by the Corporation and shall be binding on the Corporation. Any budget changes not previously approved by City Council will be final and binding after approval by City Council. PASSED AND APPROVED by the Board of Directors of the Hutto Economic Development Corporation, Type B on the 13th day of July, 2026. APPROVED _______________________________ Caitlin Morales, Vice Chairperson ATTEST: _______________________________ Irma Gonzales, Secretary Resolution R-HEDC-2026-043 Page 39 of 47  EXHIBIT A CHAMPIONS LUNCHEON BUDGET AMENDMENT Resolution R-HEDC-2026-043 Page 40 of 47 AGENDA ITEM REPORT 6.7. To: Hutto Economic Development Corporation Type A & Type B Board Subject: Discuss and consider action to approve the meeting minutes from the regularly scheduled Hutto Economic Development Corporation meeting held on June 8, 2026, and the Joint City Council and Hutto Economic Development Corporation on July 2, 2026. Meeting: Monday, July 13, 2026 Department: Economic Development Staff Contact: BACKGROUND INFORMATION: SUMMARY OF REQUEST: STAFF REVIEW: FISCAL NOTES: POLICY IMPLICATIONS: ATTACHMENTS: 1. Hutto EDC Board Meeting June 8, 2026 Minutes 2. 7.2.2026 JOINT CC-HEDC MINUTES (1) Page 41 of 47  City of Hutto Minutes Hutto Economic Development Corp. Type A and Type B Board of Directors Meeting Monday, June 8, 2026 at 6:30 PM City Council Chambers 1. CALL SESSION TO ORDER The Hutto EDC meeting was called to order at 6:30 PM 2. ROLL CALL 2.1. Caitlin Morales, Vice Chair Yes Irma Gonzalez, Secretary/Treasurer Yes Mike Snyder, Board Member Yes Dan Thornton, Board Member No Evan Porterfield, Board Member Yes Jim Morris, Board Member Yes 3. PLEDGE OF ALLEGIANCE 4. PUBLIC COMMENT Any citizen wishing to speak during public comment may do so after completing the required registration form. The purpose of this item is to allow the residents of Hutto and other interested persons an opportunity to address the Hutto Economic Development Corporation Type A and the Hutto Economic Development Corporation Type B on agenda issues and on agenda issues (i.e., Corporation policy or legislative issues). Non-agenda issues regarding daily operational or administrative matters should be first dealt with at the administrative level by calling City Hall at (512) 759-4913 during business hours. Each person providing public comment will be limited to 3 minutes. (Note: The Texas Open Meetings Act, Texas Government Code, Chapter 551, prohibits governing bodies from a full discussion, debating, or considering subjects for which public notice has not been given on the agenda. Issues that cannot be referred to the Corporation Staff for action may be placed on the agenda of a future meeting.) 5. PUBLIC HEARINGS 5.1. Pursuant to Texas Local Government Code Section 505.159, conduct a Public Hearing for the consideration of Incentives in support of Project Air. The Public Hearing opened at 6:33 PM, closed at 6:33 PM 6. PRESENTATIONS Page 42 of 47  6.1. Discuss and consider a presentation regarding a request for incentives for AlphaGraphics location in Hutto. Alpha Graphics President and Owner, Jane Harvey presented to the Board. 7. AGENDA ITEMS 7.1. Discuss and consider action to approve the Strategic Plan for the Corporation. (David Amsler) David Amsler, Executive Director of Strategic Operations, presented the strategic plan for the Corporation. Action will be on Item 7.6 7.2. Discuss and consider action to approve the Corporation's monthly financial report for May 2026 Christina Bishop, Assistant Finance Director Presented May 2026 Corporations Financials. A motion was made by Vice-Chair Caitlin Morales to approve May 2026 Corporation Financials, seconded by board member Jim Morris. Motion passed 5Ayes to 0 Nays 7.3. Discuss and consider action on Resolution R-HEDC-2026-028 to approve a contract with REsimplifi for a real estate reporting platform and the associated expense of $6,000.00 for the Fiscal Year 2026 Budget. A motion was made by Board member Jim Morris to accept item 7.3 as presented, seconded by Secretary Irma Gonzalez. Motion passed 5 Ayes to 0 Nays 7.4. Discuss and consider Resolution R-HEDC-2026-029 approving a budget amendment for the corporation related to Resimplifi software. A motion was made by board member Evan Porterfield, to approve 7.4 as presented, seconded by Vice-Chair Cailtin Morales. Motion passed 5 Ayes to 0 Nays 7.5. Discuss and consider action on Resolution R-HEDC-2026-038to approve the Fiscal Year 2027 Budget of the Corporation and recommend to the Hutto City Council for consideration and approval. A motion was made by Vice-Chair Caitlin Morales to approve the FY 2027 budget for the Corporation as presented, seconded by Board member Jim Morris. Motion passed 5 Ayes to 0 Nays 7.6. Discuss and consider action on Resolution R-HEDC-2026-015 to approve the Strategic Plan for the Corporation. Board member Evan Porterfield made a motion to move and approve item 7.6 up to 7.2, seconded by Board member Jim Morris. Motion passed 5 Ayes to 0 Nays. Page 43 of 47  7.7. Discuss and consider action regarding the planning and development of City of Hutto Fire Station #1. No Action Taken 7.8. Discuss and consider action on Resolution R-HEDC-2026-025 to approve a construction contract form document for the Corporation. A motion was made by Board member Jim Morris to approve item 7.8 as presented, seconded by Secretary Irma Gonzalez. Motion passed 5 Ayes to 0 Nays 7.9. Discuss and consider action to reschedule the July 6, 2026 regular Board meeting. A motion was made by Board member Evan Porterfield to approve item 7.9 as presented, seconded by Secretary Irma Gonzalez. Motion passed 5 Ayes to 0 Nays 7.10. Discuss and consider action to approve the minutes from the regular meeting on May 11, 2026 and Special Called Joint Meeting with City Council on May 26, 2026. A motion was made by Board Member Evan Porterfield to approve item 7.10 as presented, seconded by Secretary Irma Gonzalez. Motion passed 5 Ayes to 0 Nays 8. EXECUTIVE SESSION The Board will now recess the open meeting and reconvene in executive session pursuant to Texas Government Code Section 551.071 (Attorney Consultation), 551.087 (Economic Development), and 551.072 (Real Property) to deliberate and seek legal advice regarding the following economic development projects: Project Core, Project Lake, the Megasite project, Project Blue Hub, Project West, Project Heartbeat, Project Air, Project Orchard, Project Shrine, Project Robot View, Project Cold Plate, Project Dynamite; the design contract for the Pecan Street Improvement Project; potential real estate transactions; removal of a house located on the Megasite; the incentive agreement for Hutto Hospitality; a possible incentive for AlphaGraphics; the planning and development of the Cottonwood Properties and any related incentives; possible litigation with Midway; infrastructure projects impacting Corporation owned property; alcohol zoning for the City of Hutto; proposed Hutto Fire Station #1; and the evaluation of available corporate funds for incentives. Board recessed the open meeting at reconvened in Executive session at Board reconvened in Open meeting at 12:02 AM No Action was taken in Executive Session. 9. ACTION RELATIVE TO EXECUTIVE SESSION 9.1. Discuss and consider action on Resolution R-HEDC-2026-031 to award the design for the Pecan Street Improvement Project and authorize City Staff to engage in contract negotiations and execute the agreement within the scope of specified authority. A motion was made by Vice Chair Caitlin Morales to approve Item 9.1 as presented to Half and Associates, seconded by Board member Mike Snyder. Motion passed 3 Ayes to 1 nay 1 Abstain Page 44 of 47  9.2. Discuss and consider action on Resolution R-HEDC-2026-039 to approve an Economic Development Performance Agreement (EDPA) for Project Air. No Action Taken 9.3. Discuss and consider action regarding the removal of the house located on the Corporation-owned Megasite property at 11700 Hwy 79. A motion was made by Board member Mike Snyder to deny the reconsideration of accepting offers for the removal of the house located on the Mega Site Hwy 79, seconded by Board member Jm Morris. Motion passed 5 Ayes to 0 Nays 9.4. Discuss and consider action to engage additional Legal Services in support of speciality projects and intitiatives of the Corporation. No Action Taken 9.5. Consideration and possible action related to Executive Session agenda items, listed above. A motion was made by Vice Chair Caitlin Morales to direct legal staff to enforce contract performance with respect to project Hospitality, seconded by Board member Jim Morris. Motion passed 5 Ayes to 0 Nays 10. FUTURE AGENDA ITEMS A motion was made by Board member Mike Snyder to recommend consideration for incentive for Alpha Graphics, seconded by Board member Jim Morris. Motion passed 5 Ayes to 0 Nays 11. ADJOURNMENT The meeting was adjourned at 12:15 AM 12. CERTIFICATION ________________________________________ Caitlin Morales, Vice Chair ____________________________________________ Irma Gonzalez, Secretary/ Treasurer Page 45 of 47  City of Hutto Minutes City Council Joint Meeting with Hutto Economic Development Corporation Thursday, July 2, 2026 at 6:00 PM Executive Conference Room – 500 W. Live Oak Street 1. CALL SESSION TO ORDER – City Council 6:00 PM, HEDC – 6:00 PM 2. ROLL CALL 2.1. City Council present: Mayor Mike Snyder Councilmember Corina I. Zepeda Mayor Pro Tem Dan Thornton Councilmember Evan Porterfield Councilmember Jerrel W. Reynolds Councilmember Aaron King (6:10 PM) Councilmember Jim Morris 2.2. HEDC present: Caitlin Morales, Vice Chair Evan Porterfield, Board Member Irma Gonzalez, Secretary/Treasurer Dan Thornton, Board Member Mike Snyder, Board Member Jim Morris, Board Member 3. PUBLIC COMMENT There were no comments. 4. OTHER BUSINESS 4.1. Discussion and possible action related to proposed roadway and intersection projects impacting economic development, including but not limited to: SH-130 access road connections, Innovation Boulevard, Alliance Boulevard, and the Live Oak Extension to Ed Schmidt and corresponding intersection improvements, and Hwy 79 at CR132 intersection. Discussion regarding the process if led by the HEDC (i.e. procurement/bidding); early completion bonus (Article 52a – prohibition of gifts) applies to City and not the HEDC; how the City can participate – perhaps facilitate the design and HEDC take over for construction; changes to Economic Development legislation and projects relating specifically to Economic Development; City Council and HEDC moving in the same direction; prioritization of projects based on how long they have been proposed versus those affecting growth in an area. Discussion regarding abovementioned projects and potential for HEDC oversight. Page 46 of 47  Motion by Councilmember Porterfield, second by Mayor Pro Tem Thornton, to turn over the project for CR 132 (from Limmer Loop to Hwy 79) to HEDC. Motion passed 7:0. Motion by Vice Chair Morales, second by Secretary/Treasurer Gonzalez, for the HEDC to accept the project. Motion passed 6:0. 5. ADJOURNMENT Mike Snyder, Mayor ATTEST: Laura Hallmark, City Secretary Irma Gonzalez Caitlin Morales HEDC Board Secretary/Treasurer HEDC Board Vice Chair Page 47 of 47