Type A Economic Development Corporation Board

DocuSign Envelope ID: 9E054900-1DEC-4B54-83E1-2ABD5BB86504 MINUTES TYPE A ECONOMIC DEVELOPMENT CORPORATION BOARD COUNCIL CHAMBERS FEBRUARY 12, 2024 6:00 PM PRESENT STAFF PRESENT President Shelly Anderson City Manager Mike Peacock Director Johnny Waldrip EDC Director Molly Martin Director Linda Childers City Secretary Alice Holloway Director Esley Henderson Alternate 2 Glen Walden ABSENT Director David Morgan Director Josh Burns Director Roger Farley Alternate 1 Carl Keating The Joshua Type A Economic Development Corporation will hold a Regular Meeting in the City Hall Council Chambers at 101 S. Main St., Joshua, Texas, on February 12, 2024. This meeting is subject to the open meeting laws of the State of Texas. Individuals may attend the Joshua Type A EDC meeting in person or access the meeting via videoconference or telephone conference call. Join Zoom Meeting: https://us02web.zoom.us/j/82949045909?pwd=a2hRb0RhOEY4OFZ0cTZMQmVKb0VCUT09 Meeting ID: 829 4904 5909 Passcode: 838090 A. CALL TO ORDER AND ANNOUNCE A QUORUM PRESENT Director Anderson announced a quorum and called the meeting to order at 6:02 pm. B. CITIZENS FORUM The Economic Development Corporation invites citizens to speak on any topic. However, unless the item is specifically noted on this agenda, the Economic Development Corporation is required under the Texas Open Meetings Act to limit its response to responding with a statement of specific factual information, reciting the City’s existing policy, or directing the person making the inquiry to visit with City Staff about the issue. No Corporation deliberation is permitted. Each person will have 3 minutes to speak. NA C. REGULAR AGENDA Type A Economic Development Corporation BoardFebruary 12, 2024 Page 1 of 2 DocuSign Envelope ID: 9E054900-1DEC-4B54-83E1-2ABD5BB86504 1. Discuss, consider, and possible action on the January 08, 2024, meeting minutes. Motion made by Director Waldrip to approve the meeting minutes as presented. Seconded by Director Childers. Voting Yea: President Anderson, Director Waldrip, Director Childers, Director Henderson, Alternate 2 Walden 2. Review and discuss questions related to the budget report and financial statement for January 2024. (Staff Resource: M. Peacock) City Manager Peacock stated that regarding the investment earnings, we anticipated $20,000 for the year and have collected $27,000 years to date. In addition, he noted that there is 1.9 Million in the fund balance. D. EXECUTIVE SESSION The Type A Economic Development Corporation of the City of Joshua will recess into Executive Session (Closed Meeting) pursuant to the provisions of Chapter 551, Subchapter D, Texas Government Code, to discuss the following: 1. Pursuant to Section 551.072 of the Texas Government Code: to discuss or deliberate the purchase, exchange, lease, or value of real property. 2. Pursuant to Section 551.087 of the Texas Government Code: to discuss or deliberate regarding commercial or financial information received from or the offer of a financial or other incentive made to a business prospect seeking to locate, stay, or expand in or near the territory of the City and with which the City is conducting economic development negotiations. Director Anderson announced that the Type A Economic Development Corporation will recess into an Executive Session at 6:04 pm. E. RECONVENE INTO EXECUTIVE SESSION In accordance with Texas Government Code, Section 551, the Type A Economic Development Corporation will reconvene into regular session and consider action, if any, on matters discussed in executive session. Director Anderson announced the Regular Session is reconvened at 6:26 pm. F. FUTURE AGENDA ITEMS/REQUESTS BY DIRECTORS TO BE ON THE NEXT AGENDA (Members shall not comment upon, deliberate, or discuss any item that is not on the agenda. Members shall not make routine inquiries about operations or project status on an item that is not posted. However, any Members may state an issue and a request that this issue is placed on a future agenda.) NA G. ADJOURN Director Anderson adjourned the meeting at 6:26 pm. ___________________________ Shelly Anderson, President __________________________ Alice Holloway, City Secretary Approved: March 11, 2024 Type A Economic Development Corporation BoardFebruary 12, 2024 Page 2 of 2