Montgomery Economic Development Corporation

City of Montgomery Economic Development Corporation Quarterly Meeting Agenda July 21, 2026 at 6:00 PM 101 Old Plantersville Road Montgomery, TX 77316 NOTICE IS HEREBY GIVEN that a Quarterly Meeting of the Economic Development Corporation will be held on July 21, 2026 at 6:00 PM at the City of Montgomery City Hall, 101 Old Plantersville Road, Montgomery, Texas. Members of the public may view the meeting live on the City’s website under Agenda/Minutes and then select Live Stream Page (located at the top of the page). The Meeting Agenda Pack will be posted online at www.montgomerytexas.gov. The meeting will be recorded and uploaded to the City’s website. OPENING AGENDA 1. Call Meeting to Order. 2. Pledges of Allegiance. 3. Citizen Comments. Comments will be received from the public on any matters within the jurisdiction of the City of Montgomery, Texas. Speakers will be limited to three (3) minutes each. Persons wishing to participate (speak) during the Public Forum portion of the meeting must sign-in to participate prior to the meeting being called to order. Please note that discussion, if any, or subjects for which public notice has not been given, are limited to statements of specific factual responses and recitation of existing policy. REGULAR AGENDA All items on the Regular Agenda are for discussion and/or action. 4. Consideration and possible action on the Montgomery Economic Development Corporation Special Meeting Minutes of June 30, 2025. 5. Discussion of the progress of the relocation and status of the Rabon Fullen House, also known as the Garrett House. 6. Consideration and possible action to approve the Montgomery Economic Development Corporation's Business Improvement Grant Guidelines. 7. Consideration and possible action to approve the Montgomery Economic Development Corporation's Business Improvement Grant Guidelines Application. 8. Consideration and possible action on the Finance Report for FY 2026 3rd Quarter. 9. Consideration and possible action on the MEDC Proposed Budget for FY 2027. EXECUTIVE SESSION Page 1 of 47  10. Closed Session Montgomery Economic Development Corporation will meet in Closed Session pursuant to the provisions of Chapter 551 of the Texas Government Code, in accordance with the authority contained in: A. 551.072 Deliberations about Real Property - 213 Prairie Street 11. Open Session MMontgomery Economic Development Corporation will reconvene in Open Session at which time action on the matter(s) discussed in Closed Session may be considered. A. 551.072 Deliberations about Real Property CLOSING AGENDA 12. Board Inquiry. Pursuant to Texas Government Code Section 551.042, Montgomery Economic Development Corporation members may inquire about a subject not specifically listed on this Agenda. Responses are limited to the recitation of existing policy or a statement of specific factual information given in response to the inquiry. Any deliberation or decision shall be limited to a proposal to place on the agenda of a future meeting. 13. Items to consider for placement on future agendas. 14. Adjourn. The Montgomery Economic Development Corporation for the City of Montgomery reserves the right to adjourn into executive session at any time during the course of this meeting to discuss any of the matters listed below, as authorized by the Texas Government Code Sections 551.071 (Consultation with Attorney), 551.072 (Deliberations about Real Property), 551.073 (Deliberation Regarding Prospective Gifts), 551.074 (Personnel Matters), 551.076 (Deliberations regarding Security Devices), and 551.087 (Deliberation regarding Economic Development Negotiations). I, Ruby Beaven, certify that this notice of meeting was posted on the website and bulletin board at City Hall of the City of Montgomery, Texas, a place convenient and readily accessible to the general public at all times. This notice was posted at said locations on the following date and time: July 15, 2026 by 5:00 PM and remained so posted continuously for at least three (3) business days preceding the scheduled time of said meeting. /s/ Ruby Beaven City Secretary This public notice was removed from the official posting board at the Montgomery City Hall on the following: Date: _______________ Time:_______________ By:___________________ City Secretary's Office City of Montgomery, Texas This facility is wheelchair accessible and accessible parking spaces are available. Please contact the City Secretary’s office at 936-597-6434 for further information or for special accommodation. Page 2 of 47 Page 3 of 47  MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION AGENDA REPORT MEETING DATE: July 21, 2026 AGENDA ITEM: 4. SUBMITTED BY: Ruby Beaven, City Secretary DEPARTMENT: Administration AGENDA ITEM Consideration and possible action on the Montgomery Economic Development Corporation Special Meeting Minutes of June 30, 2025. RECOMMENDATION Staff recommend approval of the MEDC Special Meeting Minutes of June 30, 2025. BACKGROUND Please see the accompanying minutes: • MEDC Special Meeting Minutes of June 30, 2025 FISCAL IMPACT N/A ATTACHMENTS 1. 2026, 06-30 MEDC Special Meeting Minutes_DRAFT Page 4 of 47  Economic Development Corporation Special Meeting Minutes June 30, 2026 OPENING AGENDA 1. Call Meeting to Order. The Economic Development Corporation Special Meeting of the City of Montgomery was called to order by President Jeffry Angelo at 6:00 p.m. on June 30, 2026, at City Hall 101 Old Plantersville Rd., Montgomery, TX and live video streaming. With Board Members present a quorum was established. Present: MEDC President Jeffry Angelo Board Member Dan Walker MEDC Secretary Ryan Londeen Board Member Casey Olson Absent: MEDC Vice-President Arnette Easley MEDC Treasurer Carol Langley Board Member Wade Nelson 2. Pledges of Allegiance. President Jeffry Angelo led the pledges of allegiance. 3. Citizen Comments. No citizen comments presented for this meeting. SPECIAL AGENDA 4. Consideration and possible action on the Montgomery Economic Development Corporation Special Meeting Minutes of May 19, 2026. Motion: Board Member Dan Walker made a motion to approve the MEDC Special Meeting Minutes of May 19, 2026. MEDC Secretary Ryan Londeen seconded the motion. Motion carried with all present voting in favor. 5. Presentation and discussion of the Business Improvement Grant Guidelines by Kimberly Gonzalez, Assistant Director of Economic Development. Kimberly Gonzales, Assistant Director of Economic Development, presented the Business Improvement Grant Guidelines. The MEDC's Business Improvement Grant Program in Montgomery provides financial support to local businesses for property enhancements, including facade, signage, general property, and landscaping improvements. Eligible businesses—both startups and established entities within Montgomery city limits—can apply for up to two grants per fiscal year, for an amount up to $20,000. The program operates primarily on a reimbursement basis, requiring applicants to secure necessary permits and begin projects within 12 months of approval. A total of $25,000 is allocated for the 2026-2027 fiscal year. The application process involves submission, review by the Economic Development Corporation, notification of approval or denial, and fund disbursement upon June 30, 2026 Economic Development Corporation Special Meeting Minutes Page 1 of 3 Page 5 of 47  verified project completion. The program aims to stimulate economic growth and enhance the commercial environment in Montgomery. 6. Presentation and discussion of the 213 Prairie Street Property regarding potential use options. Kimberly Gonzales, Assistant Director of Economic Development, presented the potential use options for 213 Prairie Street property. The Montgomery FORGE Small Business Center proposal at 213 Prairie Street aims to create a dedicated space for small business growth and entrepreneurship in downtown Montgomery. The project, led by the City of Montgomery Economic Development Corporation, involves significant renovations including facade and interior upgrades, garage door replacements, restroom remodels and additions, entryway redesign, parking lot improvements, HVAC servicing, and landscaping, with an estimated total cost of $350,000. Once completed, the center will offer competitive rental rates, priority access to business improvement grants, and specialized training to help entrepreneurs strengthen and sustain their businesses. The facility will feature three office spaces with projected annual rental revenues ranging from $55,812 to $69,768, depending on lease rates. The initiative is designed to foster community engagement, support local business growth, retain entrepreneurs, and revitalize the downtown area, ultimately contributing to job creation, economic diversification, and an expanded tax base. While there are considerations such as ongoing operational costs and resource requirements, the proposal positions the Small Business Center as a strategic investment in Montgomery’s future, supporting sustainable economic growth and reinforcing the city’s identity as a hub for innovation and entrepreneurship. 7. Presentation and discussion of the FY 2026-2027 MEDC Budget. Maryann Carl, Finance Director, presented the FY 2026-2027 MEDC Proposed Budget and discussed revenue and expenses. EXECUTIVE SESSION 8. Closed Session Montgomery Economic Development Corporation will meet in Closed Session pursuant to the provisions of Chapter 551 of the Texas Government Code, in accordance with the authority contained in: A. 551.072 Deliberations about Real Property At 7:18 p.m. President Jeffry Angelo convened the Montgomery Economic Development Corporation into closed session pursuant to provision of Chapter 551 of the Texas Government Code, in accordance with the authority contained in Section 551.072 Deliberations about Real Property. 9. Open Session Montgomery Economic Development Corporation will reconvene in Open Session at which time action on the matter(s) discussed in Closed Session may be considered. A. 551.072 Deliberations about Real Property At 7:50 p.m. President Jeffry Angelo reconvened the Montgomery Economic Development Corporation into an open session pursuant to provision of Chapter 551 of the Texas June 30, 2026 Economic Development Corporation Special Meeting Minutes Page 2 of 3 Page 6 of 47  Government Code to take any action necessary related to the executive session noted herein, or regular agenda items, noted above, and/or related items. Motion: Board Member Casey Olson made a motion to authorize the City Administrator to continue to negotiate on behalf of MEDC on real property located at 213 Prairie Street. MEDC Secretary Ryan Londeen seconded the motion. Motion carried with all present voting in favor. CLOSING AGENDA 10. Board Inquiry. No comments were made. 11. Items to consider for placement on future agendas. No items to consider at this time. 12. Adjourn. Motion: Board Member Casey Olson made a motion to adjourn the Economic Development Corporation Meeting at 7:52 p.m. Board Member Dan Walker seconded the motion. Motion carried with all present voting in favor. APPROVED: ________________________________ Jeffry Angelo, President ATTEST: ______________________________ Ruby Beaven, City Secretary June 30, 2026 Economic Development Corporation Special Meeting Minutes Page 3 of 3 Page 7 of 47  MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION AGENDA REPORT MEETING DATE: July 21, 2026 AGENDA ITEM: 5. SUBMITTED BY: Kimberly Gonzalez, Economic Development Assistant Director DEPARTMENT: Administration AGENDA ITEM Discussion of the progress of the relocation and status of the Rabon Fullen House, also known as the Garrett House. RECOMMENDATION BACKGROUND Discussion of the progress of the relocation and status of the Rabon Fullen House, also known as the Garrett House. FISCAL IMPACT ATTACHMENTS None Page 8 of 47  MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION AGENDA REPORT MEETING DATE: July 21, 2026 AGENDA ITEM: 6. SUBMITTED BY: Kimberly Gonzalez, Economic Development Assistant Director DEPARTMENT: Administration AGENDA ITEM Consideration and possible action to approve the Montgomery Economic Development Corporation's Business Improvement Grant Guidelines. RECOMMENDATION Staff recommend approval of the Montgomery Economic Development Corporation's Business Improvement Grant Guidelines with an effective date for October 1, 2026. BACKGROUND The Montgomery Economic Development Corporation's Business Improvement Grant Program is designed to encourage investment in local businesses and commercial properties by providing financial assistance for improvements that enhance the community's economic vitality and appearance. By supporting business growth, downtown revitalization, and commercial development, the program seeks to help create jobs, increase property values, attract visitors, and strengthen Montgomery's tax base while preserving the character that makes the community unique. If approved, this program will go into effect on October 1, 2026. FISCAL IMPACT This program will have $25,000 allocated to it for the 2026-2027 Fiscal Year. The allocated amount may be amended by the MEDC Board during the fiscal year if needed. ATTACHMENTS 1. Business Improvement Grant Guidelines Page 9 of 47 CITY OF MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION BUSINESS IMPROVEMENT GRANT PROGRAM GUIDELINES AND CRITERIA Section 1. Purpose The purpose of this program is to promote the development and expansion of new and existing business enterprises within the City of Montgomery, Texas (the “City”), and enhance the economic welfare of the citizens of the City by securing and retaining business enterprises and maintaining a higher level of employment, economic activity, and stability. Section 2. Type and amount of grants A. Facade Improvement: Exterior front facade enhancements. The grant amount will be 50% of the cost of such improvement, up to a maximum of $10,000. Improvements may be considered if located on a corner or paralleling an internal public space such as a park, parking lot, pedestrian way, or visible from the public right-of-way. Improvements to building facade includes, but not limited to: • Exterior painting that incorporates a major visual change including, but not limited to, approved murals (maintenance painting does not apply.); • Significant masonry cleaning and/or restoration; • Addition of awnings (business logo & letters on awnings are acceptable); • Enhanced exterior building lighting that creates a noticeably enhanced appearance (replacement of current lighting that is simply repair does not enhance the appearance of the building, such as replacement of inoperable fixtures and is not included.); • Store front entry systems and individual windows and door replacement or modification (if part of an overall design restoration; general building maintenance repairs are not included); • New or restored facade elements, such as cornices, soffits, canopies, and other detail elements; • Replacement of entryway stairs and/or accessible ramps for entry into the business. 1 Page 10 of 47 B. Sign Improvement: New signs and/or major renovations or removal of existing signs. Typically LED Signs are not approved but may be reviewed on a case-by-case basis if integrated into an overall sign. Matching grants are available for 50% of the total project cost. Existing businesses may receive up to $2,500, while new businesses may receive up to $1,000 for eligible sign installation, renovation, or removal projects. C. Property Improvement: Items such as, but not limited to, parking lot resurfacing, striping, driveway improvement, lighting, decorative fencing, pedestrian oriented/streetscape amenities, including street furniture, new curb and sidewalk, and related amenities, demolition and/or removal of a dilapidated structure. Grant funds may be used for building repairs, renovations, and retrofitting projects that improve safety, accessibility, efficiency, and functionality. Eligible expenses may include structural repairs, HVAC, plumbing and electrical upgrades, ADA improvements, energy-efficiency enhancements, and other facility modernization projects that support the goals of the grant program. The grant amount will be 50% of the cost of such improvement, up to a maximum of $10,000. D. Landscaping Improvement: Material such as, but not limited to, grass, ground covers, shrubs, vines, hedges, trees or palms, landscape lighting and non-living durable materials that are commonly used in landscaping such as, but not limited to, rocks, pebbles, sand, but excluding paving. The grant amount will be 50% of the cost of such improvement, up to a maximum of $10,000. E. Mega Grant: A mega grant for up to $20,000 may be awarded for an improvement project that encompasses a multi-tenant retail, commercial, or service center. The Project must make a minimum private investment amount of $80,000 in order to be eligible for the Mega Grant bringing the total project investment to at least $100,000. Mega grants will be reviewed competitively based upon location, existing property conditions, quality of improvements, and need. Application for Mega Grant must be made by the authorized Property Management Company or Property Owner and not on a tenant-by-tenant basis. F. Business Displacement Grant: A Business Displacement Grant of up to $10,000 may be awarded over a period of up to six consecutive months to a company relocating to another office building within the City of Montgomery as a result of redevelopment of its original property. The grant amount will be 50% of the monthly rental rate, with grants available up to $10,000. Section 3. Eligibility A. Any business located in the City of Montgomery may submit an application at no charge and each grant application will be considered on a case-by-case basis. B. A new business planning to locate within the City, or any business currently located within the city limits, shall be eligible to apply for this program. 2 Page 11 of 47 C. Businesses that locate and maintain operations within the Montgomery Economic Development Corporation’s Small Business Center, located at 213 Prairie Street, shall receive priority consideration for Business Improvement Grant Program funding, reflecting the Corporation’s commitment to supporting entrepreneurship, business incubation, and economic growth within the community. D. A business is defined as an occupation, profession, or trade in the purchase or sale of goods or services in an attempt to make a profit. E. The proposed project must comply with applicable zoning regulations, city approved planning studies, comprehensive plan designations, City Ordinances, Building Codes, and Americans with Disabilities Act Guidelines. F. Grants may not be used for refinancing existing loans, working capital, inventory, permits, inspections, security fencing or gates, home occupations, roof repair or replacement, interior remodeling, new construction, and routine maintenance of landscaping and signage (with the exception of letters/logos on new awnings). Section 4. Guidelines A. Proof of the applicant’s ownership of the subject facility or facilities, or proof that the owner of such facility has approved the application for such grant funds, shall be required. B. The owner of a business to be operated within a leased facility, and the owner of such lease facility, must apply jointly for the program. Copies of a lease agreement and proof of ownership of the leased facility shall be required. C. A business or property owner may apply for up to two (2) of the six (6) types of grants per physical location (address) set forth herein within any fiscal year (October 1 to September 30). A business that receives grant funding during a fiscal year shall not be precluded from making subsequent applications for funding in following years. D. The maximum amount of funding available to any one applicant, business establishment, or property owner at one physical location (address) shall be $20,000.00 per fiscal year. Therefore, the recipient of a Mega Grant may not be the recipient of additional grants during the fiscal year in which the Mega Grant was awarded. E. All grants except for the Business Displacement Grant are reimbursement grants and will only be funded after completion of the project in accordance with drawings and specifications approved by the Montgomery Economic Development Corporation (MEDC) and after the applicant submits to the MEDC proof of paid receipts for all applicable labor and materials. Digital photographs of the completed work shall also be required. 3 Page 12 of 47 F. Reimbursement grants are a cash payment of up to the approved percentage of funds expended by the applicant on the improvements and are not to exceed the limits set forth in Section 2(A), (B), (C), (D), (E), and (F) hereof. In-kind contributions to the improvements by the applicant will not be considered as an expenditure by the applicant. Only cash expenditures by the applicant may be used in calculating the cost of improvements. G. The Business Displacement Grant will be provided over the term of up to six months rather than as a bulk reimbursement on a matching basis. (For example: For a total rental cost of $2,000 per month, the business would pay $1,000 of the rent and the MEDC pays $1,000 of the rent, totaling $2,000). G. The applicant shall be obligated to make the improvements in accordance with the approved application. Thereafter, any modifications must first receive written approval by the City Administrator. Failure to obtain such written approval prior to making any such modifications shall render the applicant ineligible to receive grant funding. H. The applicant shall be responsible for obtaining all applicable permits related to the improvement project, and failure to do so will render the applicant ineligible to receive grant funding. I. The improvements, as presented in the application, must be completed in their entirety. Failure to complete all of the stated improvements shall render the applicant ineligible to receive grant funding. J. Upon approval of a grant application, and during the construction of the improvements, a representative or representatives of the MEDC shall have the right, at all reasonable times, to have access to and inspect the work in progress. K. The applicant shall not begin any improvements prior to receiving written approval of grant funding from the MEDC. L. The applicant must complete the improvement project within one year (12 months) of receiving written approval from the MEDC. Failure to complete the improvements within the required time period shall result in the loss of the grant funds allocated for the project. Time extensions may be granted at the discretion of the City Administrator. M. Approval of all applications shall be with the understanding and agreement that, in the event the business (applicant) fails to remain open, or the business or property is sold or transferred and subsequently closes, within twenty-four (24) months after the funding of the grant, the applicant shall be considered in default of its obligations under the grant, and shall be required to reimburse the MEDC the grant money received. N. The applicant must acknowledge that, for tax purposes, received grant monies is considered as taxable income. 4 Page 13 of 47 O. The applicant must agree that, in the event of default of its obligations, the applicant shall repay to the MEDC the amount of grant funds it has received, with interest, at the rate of 10% per annum, within thirty (30) days after the MEDC notifies the applicant of the default. The form of such payment shall be a cashier’s check or money order, made payable to the Montgomery Economic Development Corporation. P. The applicant must certify that the applicant does not employ nor will it employ any undocumented workers (an individual who, at the time of employment, is not lawfully admitted for permanent residence to the United States or authorized under law to be employed in that manner in the United States). The applicant must agree that if, after receiving grant funds, it is convicted of a violation under 8 U.S.C. Section 1324a(f), the applicant shall repay the amount of the grant funds received by the applicant, with interest, at the rate of 10% per annum, within thirty (30) days after the MEDC notifies the applicant of the violation. Q. The MEDC shall have the authority to bring a civil action to recover any amounts that the applicant must repay to the MEDC under paragraphs M, N, and O of this Section, and in such action may recover court costs and reasonable attorney’s fees. Section 5. Application and Approval A. Applications must be made on a form provided by the MEDC, which form shall be made available at the MEDC offices located at 21499 Eva St, Montgomery, TX 77316 or by contacting the Assistant Director of Economic Development at kgonzalez@ci.montgomery.tx.us. B. The grant application must include: • Request Letter describing proposed project and the need for grant funds • Establishment of business entity name (Copy of Articles of Incorporation, DBA, etc.) • Copy of lease agreement (if facility is leased) • Vicinity map of subject property • Estimates of proposed improvements • Itemized work estimates which include details and information such as color samples of paint, fabric, and sign material • Digital Pictures of Property and area to be improved • Completed W-9 Form C. All applications must be approved by the Montgomery Economic Development Corporation. 5 Page 14 of 47 D. Grant applications that have met all approval requirements set forth in this document must be approved, with certain provisions, conditions, or other requirements that the MEDC deems necessary or appropriate. Section 6. Funding A. Upon notification to the MEDC by the applicant that a project has been completed, an inspection by a MEDC representative or representatives shall be made to confirm that such project has been completed in accordance with the application or any approved modifications thereto. Such notification shall include, but not be limited to, documentation of paid receipts for materials, labor, permits, inspection reports, an affidavit stating that all contractors and subcontractors providing work and/or materials in the construction of the project improvements have been paid and any and all liens and claims regarding such work have been released, or any other item that the MEDC may reasonably deem necessary for determining the project’s completion. B. The MEDC agrees to distribute such funds to the applicant within sixty (60) days following the inspection required in paragraph (A) hereof, and confirmation of completion of the project in accordance with the application or any approved modifications thereto. The Executive Director of the MEDC shall issue a letter to the MEDC Board of Directors notifying them of the funding action to be taken. A copy of such letter shall also be provided to the applicant. C. Within thirty (30) business days following an inspection and the presentation of the receipts as provided in Section 6(A) above, and after a determination is made by the MEDC’s representative that the project has not been completed in accordance with the application, or any approved modifications thereof, the Executive Director shall issue a letter to the applicant indicating any and all areas of noncompliance. The applicant shall then have sixty (60) days, from the date of such letter, to make the modifications necessary to bring the project into compliance. Failure to complete such modifications within said sixty-day period shall be deemed a default of applicant’s obligations under the grant, and the applicant shall be ineligible to receive grant funding. D. Available funding: The MEDC has budgeted $25,000 for the 2026-2027 current fiscal year (October 1 to September 30) to fund this grant program. Grant applications received after the available funding has been exhausted may be accepted and held until the following fiscal year. The MEDC retains sole discretion to accept or reject applications received after the available funding has been exhausted. 6 Page 15 of 47 Section 7. Miscellaneous A. The Montgomery Economic Development Corporation shall deliver a copy of these guidelines to any applicant for his/her review, and the delivery hereof does not constitute an offer of a business improvement grant to the applicant. The laws of the state of Texas shall govern the interpretation, validity, performance, and enforcement of this business improvement grant program. If any provision of this business improvement grant program is held to be invalid or unenforceable, the validity and enforceability of the remaining provisions shall not be affected thereby. B. These guidelines shall remain in effect for two years from the date of approval by the MEDC Board unless amended by a majority vote of the Board. C. Businesses located in the historical district may refer to “Exhibit A” to use as general guidance for style preferences and examples as outlined in the Design Guidelines for the City of Montgomery. It is the intent of the MEDC Board to adhere to these Design Guidelines when reviewing Business Improvement Grant applications for consideration and approval. 7 Page 16 of 47  Exhibit A Recommendations for Improvements in Downtown Montgomery The City of Montgomery is committed to preserving the architectural character of buildings constructed between 1830 and 1941, including their style, form, scale, materials, colors, architectural details, and exterior finishes. While property owners may modify the interior of these historic buildings in accordance with applicable codes and ordinances, any repair, alteration, addition, replacement, removal, or reconstruction affecting the exterior must comply with the City of Montgomery Design Guidelines and receive approval from the Planning and Zoning (P&Z) Commission. The information provided below is a summary of the Design Guidelines and is intended for general reference only. It is not a substitute for the complete Design Guidelines or other applicable City ordinances. All exterior renovations and new construction within the Downtown District must comply with the City's Planning and Zoning Ordinance and follow the required review and approval process by the Planning and Zoning Commission and, when applicable, the City Council. Building placement form and treatment. a. Additions. Additions to a main building are only permitted on the side and rear facades, except that a porch may be added to the front facade if such addition is consistent with the architecture of the period for the building. Other exceptions may be reviewed by the P & Z Commission. All additions to a building must be compatible with the dominant horizontal or vertical characteristics, scale, shape, roof form, materials, detailing, and color of the building. Additions must be consistent with the style of the house as originally constructed. b. Architectural detail. Materials, colors, structural and decorative elements, and the manner in which they are used, applied, or joined together must be typical of the style and period of the other buildings and compatible with similar, conforming structures in the historic district. c. Awnings. Awnings on the front and corner side facade must be made to complement the main building in style and color. Awnings must be typical of the style and period of the main building, and compatible with other conforming structures of a similar style in the historic district. d. Building widths. All structures within a historic district must comply with the property setback standards established in the Zoning Ordinance of the City of Montgomery. Exterior Paint Colors: 8 Page 17 of 47 a. Brick surfaces. Brick surfaces not previously painted may not be painted unless the applicant establishes that the color and texture of replacement brick cannot be matched with that of the existing brick surface or that the painting is necessary to restore or preserve the brick itself. b. Certain colors prohibited. Fluorescent and metallic colors are not permitted on the exterior of any structure in a historic district. c. Dominant and trim colors. All structures must have a dominant color and no more than five (5) trim colors. Trim colors must complement the dominant color of a structure and be appropriate to and compatible with the structure, and the overall character of the historic district. The colors of a structure must be complementary to each other and the overall character of the historic district. d. Gutters and downspouts. Where appropriate, gutters and downspouts must be painted or colored to match the trim color or the roof color of the structure. e. Roof colors. Roof colors must complement the style and overall color scheme of the structure. f. Stain. The use and color of stain must be typical of the style and period of the building. Columns: a. Function. Columns are only permitted as vertical supports near the front entrance of the main building or as vertical supports for porches. b. Materials. Columns must be constructed of masonry or wood or other materials that match the style of the main building. Facade materials: a. In general, the only permitted facade materials are stone, brick, and lap siding composed of wood or fiber cement that looks like wood. All facade treatments must be done in a manner so as not to change the character of the building or obscure the architectural features and trim of the building. b. Facades. Existing facades must be preserved to appear in a manner for which they were originally intended. Front entrances and porches: a. Detailing. Railings, moldings, tile work, carvings, and other detailing and architectural decorations on front entrances and front porches must be typical of the style and period of the main building and the conforming structures of a similar style in the historic district. b. Enclosures. A front entrance or front porch may not be enclosed with any material, including iron bars, glass, or mesh screening without approval by the P & Z Commission. 9 Page 18 of 47 c. Floor coverings. Carpeting is not permitted as a front porch floor or step covering. Non-slip nosing and tread surfacing are allowed. d. Style. Each front porch and entry treatment must have a shape, roof form, materials, and colors that are typical of the style and period of the building and must reflect the dominant horizontal or vertical characteristics of the main building and the conforming structures of a similar style in the historic district. Roof Forms: a. Materials and colors. Roof materials and colors must complement the style and overall color scheme of the building or structure. Composition shingle, cedar or metal shingle, and non- corrugated, standing seam metal roofing materials are permitted. b. Overhang. The minimum permitted roof overhang for a main building is twelve (12) inches. A replacement roof on an existing building must have an overhang equal to or greater than the overhang of the roof it replaces. c. Patterns. Roof patterns of a main building must be typical of the style and period of the architecture of the building and the conforming structures of a similar style in the historic district. d. Slope and pitch. Low slope roofs with parapets are allowed as a primary roof for commercial structures. Front facade openings: a. Glass. Clear, decorative stained, beveled, etched, and clear leaded glass may be permitted in any window opening. Reflective, tinted, opaque, and mirrored glass and plastic are not permitted in any opening. Translucent glass is not permitted, except in bathrooms, front doors, sidelights, specialty windows and commercial storefronts. No glass pane may exceed sixteen (16) square feet in area unless part of the original design or in commercial storefronts in which case a pane may not exceed fifty (50) square feet. b. Screens, storm doors, and storm windows. A screen, storm door, or storm window on a front or side facade of a main building may be permitted only if: • Its frame matches or complements the color scheme of the main building; and • It does not obscure significant features of the window or door it covers. a. Security and ornamental bars. Security and ornamental bars are permitted pending review by the P & Z Commission on any side of a main or accessory building abutting a street. 10 Page 19 of 47 b. Style. • All windows, doors, sidelites, and shutters in the front or side facade of a main building must be proportionally balanced in a manner typical of the style and period of the building. • The size and proportion of window and door openings located on the front and side facades of a main building must be typical of the style and period of the building. • The frames of windows should be trimmed in a manner typical of the style of the building. Fences: a. Fences must be consistent with the same period of the main building. b. Form. Fences must be constructed and maintained in a vertical position. c. Height. Within a front yard, no fence or wall shall be erected to exceed a height of four (4) feet. d. Location. • A fence in an interior side yard must be located no further forward on the lot than the front of the main building. • A fence in a corner side yard must not be directly in front of the corner side facade, except that the building official may allow a fence that is directly in front of the corner side facade if: 1) More screening is necessary to ensure privacy due to unusually high pedestrian or vehicular traffic; and 2) The fence does not screen all or any portion of a significant architectural feature of the main building. 3) A fence must run either parallel or perpendicular to a building wall or lot line. e. Materials. A fence in a front or corner side yard must be constructed of wrought iron, wood or brick. Concrete block fences are not permitted. 11 Page 20 of 47 Reference Style Photos: 1850’s-1890’s: Greek Revival Style 1870’s – 1900: Folk Victorian 12 Page 21 of 47 Early 1900’s: Classic Revival 13 Page 22 of 47  MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION AGENDA REPORT MEETING DATE: July 21, 2026 AGENDA ITEM: 7. SUBMITTED BY: Kimberly Gonzalez, Economic Development Assistant Director DEPARTMENT: Administration AGENDA ITEM Consideration and possible action to approve the Montgomery Economic Development Corporation's Business Improvement Grant Guidelines Application. RECOMMENDATION Staff recommend approval of the Montgomery Economic Development Corporation's Business Improvement Grant Guidelines Application. BACKGROUND The Montgomery Economic Development Corporation's Business Improvement Grant Program is designed to encourage investment in local businesses and commercial properties by providing financial assistance for improvements that enhance the community's economic vitality and appearance. By supporting business growth, downtown revitalization, and commercial development, the program seeks to help create jobs, increase property values, attract visitors, and strengthen Montgomery's tax base while preserving the character that makes the community unique. Businesses who are interested in receiving grant funding must apply for the program. This agenda item is approval of the application which businesses will use to apply for grants and will be used for Board consideration of grant requests. FISCAL IMPACT ATTACHMENTS 1. Business Improvement Grant Final Application Page 23 of 47  CITY OF MONTGOMERY APPLICATION FOR BUSINESS IMPROVEMENT GRANT PROGRAM I (We), hereinafter referred to as “APPLICANT”, on behalf of the identified entity, submit to the Montgomery Economic Development Corporation (MEDC), hereinafter referred to as “MEDC”, this application for consideration of a Business Improvement Grant under the provisions of the MEDC’s Business Improvement Grant Program. As part of this application, APPLICANT represents to MEDC the following: 1. APPLICANT has received a copy of the MEDC’s Guidelines and Criteria for the Business Improvement Grant Program. APPLICANT acknowledges to MEDC that in making this application, APPLICANT understands the terms and provisions thereof, and all questions relating to any needed interpretation thereof have been answered by authorized representatives of MEDC prior to the submission of this application. 2. APPLICANT has secured such legal, accounting, and/or other advice that may be necessary for APPLICANT to determine the desirability of making this application and/or accurately and correctly answering any questions as hereinafter set out. APPLICANT acknowledges that it has completely relied on the advice and counsel of experts and/or appropriate persons retained, employed, or compensated by APPLICANT, and that it has not relied upon, nor is APPLICANT now attempting to rely upon the advice and counsel of MEDC, its servants, agents, employees and/or elected or appointed officers. 3. By signing this document, “Application for Business Improvement Grant” either in an individual capacity, jointly, or in a representative capacity, APPLICANT acknowledges and verifies that all of the facts, information, and allegations as herein set out are true, correct and accurate. APPLICANT further acknowledges and understands that any materially false or misleading statements of fact may be considered a violation of the criminal laws of the State of Texas. Page 24 of 47 4. The APPLICANT, whether a corporate entity, partnership, or other legal type business entity, or an individual, acknowledges and verifies that it is current on all current tax obligations, assessments, or other governmental levies and assessments, and that the same have been paid when due and payable, and that no delinquencies exist at this time. The APPLICANT swears and affirms that the APPLICANT is fully authorized to transact business in the State of Texas and in the state of incorporation if different from the State of Texas. 5. The APPLICANT hereby certifies that the APPLICANT does not and will not knowingly employ an undocumented worker. An “undocumented worker” shall mean an individual who, at the time of employment, is not (a) lawfully admitted for permanent residence to the United States; or (b) authorized under the law to be employed in that manner in the United States. APPLICANT understands and agrees that if, after receiving a Business Improvement Grant, APPLICANT is convicted of a violation under 8 U.S.C. Section 1324a(f), the APPLICANT shall be required to reimburse to the MEDC the grant amount received. Payments must be paid in full within thirty (30) days after the date of written notification by the MEDC. The form of such payment shall be a cashier’s check or money order, made payable to the Montgomery Economic Development Corporation. The MEDC has the right to recover court costs and reasonable attorney’s fees as a result of any civil action required to recover such repayment. Page 25 of 47 Business Entity Name: _______________________________________________ Mailing Address: _______________________________________________ Phone Number: _______________________________________________ Email Address: _______________________________________________ Location in the City of Montgomery for which the improvement is being requested Street Address: ____________________________________________________ Name of Applicant #1: ___________________________________________________ Home Address of Applicant #1: ___________________________________________________ Street Address: ___________________________________________________ City/State/Zip: ___________________________________________________ Name of Applicant #1: ___________________________________________________ Home Address of Applicant #2: ___________________________________________________ Street Address: ___________________________________________________ City/State/Zip: ___________________________________________________ Other companies and locations owned and/or operated by the APPLICANT(S): Company Name: ___________________________________________________ Street Address: ___________________________________________________ City/State/Zip: ___________________________________________________ Owner: ___________________________________________________ 6. Please attach a letter addressing the need for the project as well as need for the MEDC grant funds. 7. Please attach a vicinity map locating the property within the City of Montgomery as Exhibit A. Page 26 of 47 8. Please furnish detailed drawings, plans, specifications, color schemes, or any other available supporting documents for the proposed improvements and cost estimates as Exhibit B. 10. Please attach itemized work estimates which include details and information such as color samples of paint, fabric, sign material as Exhibit C. 11. Please attach Digital Pictures of Property and area to be improved as Exhibit D. 12. Please complete the W-9 form attached to this application. 13. Is this a new of existing business? ______ New _____ Existing ___ How long has the company been in operation? ________ years Existing # of jobs: _______ (If applicable) • Full-time employees (40+ hours weekly) _____ • Part-time employees (39 hours or less a week) _____ 14. If leased facility, provide the following information (attach copy of current lease): Current Landlord: __________________________________________________ Address: __________________________________________________ Phone Number: __________________________________________________ 15. Prior to APPLICANT’S execution of this application, APPLICANT has had this reviewed by an Attorney of the APPLICANT, or has had the opportunity to do so, and the parties hereto agree that based on the foregoing, this application for the business improvement grant program shall not be construed in favor of one party over the other based on the drafting of this application. 16. APPLICANT and owner/landlord indemnify, defend, and hold MEDC harmless from any liability, injury, claim, expenses, and attorney’s fees arising out of a contractor, builder, or contract for performance of improvements, or repair to buildings and facilities. 17. MEDC has delivered a copy of the guidelines and criteria for a business improvement grant program to applicant for review, and the delivery hereof does not constitute an offer of an improvement grant. Page 27 of 47 18. The laws of the State of Texas shall govern the interpretation, validity, performance, and enforcement of the application for the business improvement grant program. If any provision of this application for business improvement grant program should be held to be invalid or unenforceable, the validity and enforceability of the remaining provisions of this application shall not be affected thereby. Signed and submitted to Montgomery l Economic Development Corporation on this, the ________ day of _____________________________, 202___. Applicant: ________________________ Signature: ________________________ Address: ____________________________________________________ Phone No.: ________________________ Property Owner/Landlord: ______________________________ Signature: ___________________________________________ Address: ____________________________________________ Phone No.: __________________________________________ Page 28 of 47  DOCUMENTATION CHECKLIST For Business Improvement Grant Program: As a part of this application, the following documentation is being provided by the applicant: ________ Request Letter describing proposed project and the need for grant funds ________ Establishment of business entity name (Copy of Articles of Incorporation, dba, etc.) ________ Copy of lease agreement (if facility is leased) ________ Vicinity map of subject property (Exhibit A) ________ Estimates of proposed improvements (Exhibit B) ________ Itemized work estimates which include details and information such as color samples of paint, fabric, sign material (Exhibit C) ________ Digital Pictures of Property and area to be improved (Exhibit D) ________ Completed W-9 Form Page 29 of 47 Page 30 of 47 Page 31 of 47 Page 32 of 47 Page 33 of 47 Page 34 of 47 Page 35 of 47  MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION AGENDA REPORT MEETING DATE: July 21, 2026 AGENDA ITEM: 8. SUBMITTED BY: Maryann Carl , Finance Director DEPARTMENT: Administration AGENDA ITEM Consideration and possible action on the Finance Report for FY 2026 3rd Quarter. RECOMMENDATION Staff recommend approving the report as submitted BACKGROUND FISCAL IMPACT ATTACHMENTS 1. MEDC Detail Q3 FY 26 2. MEDC Cash Analysis Q3 FY26 Page 36 of 47  Detail vs Budget Report City of Montgomery, TX Account Detail Date Range: 04/01/2026 - 06/30/2026 Account Name Fiscal Budget Beginning Balance Total Activity Ending Balance Budget Remaining % Remaining 400 - MEDC Revenue 400-00-41400-0000000 Sales Tax -805,000.00 -307,610.43 -218,573.87 -526,184.30 -278,815.70 -34.64% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 04/10/2026 GLPKT07224 JE02853 Montly Sales Tax Allocation / Distribution -61,014.13 April, 2026: Fiscal Budget: -67,056.50 Activity: -61,014.13 Budget Remaining: -6,042.37 05/08/2026 GLPKT07533 JE02949 Sales & Use Tax -89,884.20 May, 2026: Fiscal Budget: -67,056.50 Activity: -89,884.20 Budget Remaining: 22,827.70 06/12/2026 GLPKT07565 JE02967 Sales & Use Tax -67,675.54 June, 2026: Fiscal Budget: -67,056.50 Activity: -67,675.54 Budget Remaining: 619.04 400-00-45300-0000000 Events Revenue -7,000.00 0.00 0.00 0.00 -7,000.00 -100.00% 400-00-46200-0000000 Interest Income -80,000.00 -53,348.36 -25,785.39 -79,133.75 -866.25 -1.08% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 04/30/2026 BRPKT01195 Texpool MEDC Reimburs… April Interest -842.43 04/30/2026 BRPKT01196 Texpool MEDC April Inte… April Interest -4,977.25 04/30/2026 BRPKT01199 Texpool MEDC Downto… April Interest -712.02 04/30/2026 BRPKT01207 MEDC CheckingApril Inte… April Interest -1,974.06 April, 2026: Fiscal Budget: -6,664.00 Activity: -8,505.76 Budget Remaining: 1,841.76 05/29/2026 BRPKT01212 Texpool MEDC Reimburs… May Interest -864.86 05/29/2026 BRPKT01213 Texpool MEDC May Inte… May Interest -5,109.92 05/29/2026 BRPKT01216 Texpool MEDC Downto… May Interest -731.05 05/31/2026 BRPKT01221 MEDC CheckingMay Inte… May Interest -2,045.01 May, 2026: Fiscal Budget: -6,664.00 Activity: -8,750.84 Budget Remaining: 2,086.84 06/30/2026 BRPKT01231 Texpool MEDC Reimburs… June Interest -844.93 06/30/2026 BRPKT01232 Texpool MEDC June Inte… June Interest -4,991.64 06/30/2026 BRPKT01235 Texpool MEDC Downto… June Interest -714.09 06/30/2026 BRPKT01243 MEDC CheckingJune Inte… June Interest -1,978.13 June, 2026: Fiscal Budget: -6,664.00 Activity: -8,528.79 Budget Remaining: 1,864.79 Revenue Totals: -892,000.00 -360,958.79 -244,359.26 -605,318.05 -286,681.95 -32.14% 7/14/2026 2:38:43 PM Page 1 of 6 Page 37 of 47 Detail vs Budget Report Date Range: 04/01/2026 - 06/30/2026 Account Name Fiscal Budget Beginning Balance Total Activity Ending Balance Budget Remaining % Remaining Expense 400-40-52100-0000000 Legal Fees 10,000.00 511.40 918.50 1,429.90 8,570.10 85.70% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 04/13/2026 APPKT02055 7478 36789 MEDC thru 01.31.26 2928 - Johnson Petrov LLP 105.00 April, 2026: Fiscal Budget: 833.00 Activity: 105.00 Budget Remaining: 728.00 06/01/2026 APPKT02108 7562 36931 MEDC thru 02.28.25 2928 - Johnson Petrov LLP 813.50 June, 2026: Fiscal Budget: 833.00 Activity: 813.50 Budget Remaining: 19.50 400-40-52501-0000000 Advertising/Promotion 20,000.00 2,696.34 0.00 2,696.34 17,303.66 86.52% 400-40-52502-0000000 Legal Notices & Publications 1,000.00 240.96 117.64 358.60 641.40 64.14% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 04/27/2026 APPKT02067 810189453 36839 Downtown Improvements Project 2610 - Houston Chronicle 117.64 April, 2026: Fiscal Budget: 83.30 Activity: 117.64 Budget Remaining: -34.34 400-40-52512-0000000 Consulting/Professional Serv 157,208.00 0.00 14,120.00 14,120.00 143,088.00 91.02% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 05/04/2026 APPKT02081 41461 528 5-year Trademak maintenance paperwork 5805 - Scale LLP 2,000.00 May, 2026: Fiscal Budget: 13,095.42 Activity: 2,000.00 Budget Remaining: 11,095.42 06/22/2026 APPKT02134 179325 575 MEDC McCown St. Improv. thru 1.1.26- 5818 - Ardurra Group, Inc 12,120.00 1.31.26 June, 2026: Fiscal Budget: 13,095.42 Activity: 12,120.00 Budget Remaining: 975.42 400-40-52544-0000000 Tax Assessor Fees 0.00 1,702.75 0.00 1,702.75 -1,702.75 0.00% 400-40-52593-0000000 Historical Signage 1,000.00 0.00 0.00 0.00 1,000.00 100.00% 400-40-53338-0000000 Street Signs 0.00 425,000.00 135,500.00 560,500.00 -560,500.00 0.00% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 05/25/2026 APPKT02101 INV-005062 548 Wayfinding Package 5755 - LED OEM Partners, LLC 135,500.00 May, 2026: Fiscal Budget: 0.00 Activity: 135,500.00 Budget Remaining: -135,500.00 7/14/2026 2:38:43 PM Page 2 of 6 Page 38 of 47 Detail vs Budget Report Date Range: 04/01/2026 - 06/30/2026 Account Name Fiscal Budget Beginning Balance Total Activity Ending Balance Budget Remaining % Remaining 400-40-53410-0000000 Travel & Training 6,000.00 2,324.26 506.60 2,830.86 3,169.14 52.82% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 06/26/2026 PYPKT00764 PYPKT00764 - Payroll 06… PYPKT00764 - Payroll 06.07.2026- 506.60 06.20.2026 - Pay 6/26/2026 June, 2026: Fiscal Budget: 499.80 Activity: 506.60 Budget Remaining: -6.80 400-40-53425-0000000 Dues & Subscriptions 1,200.00 394.40 0.00 394.40 805.60 67.13% 400-40-53451-0000000 Misc Expenses - Other 500.00 4,751.00 105.46 4,856.46 -4,356.46 -871.29% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 05/25/2026 APPKT02103 05082026-SJ DFT0001079 Bar-A-BBQ-MEDC Luncheon for ViewPoint 1548 - Card Service Center 105.46 Video May, 2026: Fiscal Budget: 41.65 Activity: 105.46 Budget Remaining: -63.81 400-40-54110-0000000 380 Sales Tax Rebate 120,000.00 0.00 0.00 0.00 120,000.00 100.00% 400-40-54115-0000000 Econ Dev Grant Prog 20,000.00 0.00 0.00 0.00 20,000.00 100.00% 400-40-54210-0000000 Transfer Out - General Fund 206,916.00 103,458.00 51,729.00 155,187.00 51,729.00 25.00% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 04/30/2026 GLPKT07379 JE02895 Monthly MEDC Transfer to General 17,243.00 April, 2026: Fiscal Budget: 17,236.10 Activity: 17,243.00 Budget Remaining: -6.90 05/29/2026 GLPKT07558 JE02959 Monthly MEDC Transfer to General 17,243.00 May, 2026: Fiscal Budget: 17,236.10 Activity: 17,243.00 Budget Remaining: -6.90 06/30/2026 GLPKT07658 JE03011 Monthly MEDC Transfer to General 17,243.00 June, 2026: Fiscal Budget: 17,236.10 Activity: 17,243.00 Budget Remaining: -6.90 400-40-54410-0000000 Quality of Life - Events 52,000.00 483.54 0.00 483.54 51,516.46 99.07% 400-40-55146-0000000 Downtown Dev. Imp. 296,000.00 25,340.00 57,546.75 82,886.75 213,113.25 72.00% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 04/13/2026 APPKT02051 29872 504 Downtown Improv Project thru 03.06.26 5049 - Ward, Getz and Associates 23,676.00 April, 2026: Fiscal Budget: 24,656.80 Activity: 23,676.00 Budget Remaining: 980.80 05/04/2026 APPKT02081 SO-168010 523 Downtown Improvements Sign 5755 - LED OEM Partners, LLC 3,800.00 7/14/2026 2:38:43 PM Page 3 of 6 Page 39 of 47 Detail vs Budget Report Date Range: 04/01/2026 - 06/30/2026 Account Name Fiscal Budget Beginning Balance Total Activity Ending Balance Budget Remaining % Remaining 400-40-55146-0000000 Downtown Dev. Imp. - Continued 296,000.00 25,340.00 57,546.75 82,886.75 213,113.25 72.00% Post Date Packet Number Source Transaction Pmt Number Description Vendor Project Account Amount 05/18/2026 APPKT02093 30117 538 Downtown Improvements Project 5049 - Ward, Getz and Associates 10,250.00 May, 2026: Fiscal Budget: 24,656.80 Activity: 14,050.00 Budget Remaining: 10,606.80 06/15/2026 APPKT02120 30385 572 Downtown Improvements Project thru 5049 - Ward, Getz and Associates 19,820.75 04.25.26 June, 2026: Fiscal Budget: 24,656.80 Activity: 19,820.75 Budget Remaining: 4,836.05 Expense Totals: 891,824.00 566,902.65 260,543.95 827,446.60 64,377.40 -7.22% 400 - MEDC Totals: -176.00 205,943.86 16,184.69 222,128.55 -222,304.55 -126,309.40% Report Total: -176.00 205,943.86 16,184.69 222,128.55 -222,304.55 -126,309.40% 7/14/2026 2:38:43 PM Page 4 of 6 Page 40 of 47 Detail vs Budget Report Date Range: 04/01/2026 - 06/30/2026 Account Summary Account Name Fiscal Budget Beginning Balance Total Activity Ending Balance Budget Remaining % Remaining 400 - MEDC Revenue 400-00-41400-0000000 Sales Tax -805,000.00 -307,610.43 -218,573.87 -526,184.30 -278,815.70 -34.64% 400-00-45300-0000000 Events Revenue -7,000.00 0.00 0.00 0.00 -7,000.00 -100.00% 400-00-46200-0000000 Interest Income -80,000.00 -53,348.36 -25,785.39 -79,133.75 -866.25 -1.08% Revenue Totals: -892,000.00 -360,958.79 -244,359.26 -605,318.05 -286,681.95 -32.14% Expense 400-40-52100-0000000 Legal Fees 10,000.00 511.40 918.50 1,429.90 8,570.10 85.70% 400-40-52501-0000000 Advertising/Promotion 20,000.00 2,696.34 0.00 2,696.34 17,303.66 86.52% 400-40-52502-0000000 Legal Notices & Publications 1,000.00 240.96 117.64 358.60 641.40 64.14% 400-40-52512-0000000 Consulting/Professional Serv 157,208.00 0.00 14,120.00 14,120.00 143,088.00 91.02% 400-40-52544-0000000 Tax Assessor Fees 0.00 1,702.75 0.00 1,702.75 -1,702.75 0.00% 400-40-52593-0000000 Historical Signage 1,000.00 0.00 0.00 0.00 1,000.00 100.00% 400-40-53338-0000000 Street Signs 0.00 425,000.00 135,500.00 560,500.00 -560,500.00 0.00% 400-40-53410-0000000 Travel & Training 6,000.00 2,324.26 506.60 2,830.86 3,169.14 52.82% 400-40-53425-0000000 Dues & Subscriptions 1,200.00 394.40 0.00 394.40 805.60 67.13% 400-40-53451-0000000 Misc Expenses - Other 500.00 4,751.00 105.46 4,856.46 -4,356.46 -871.29% 400-40-54110-0000000 380 Sales Tax Rebate 120,000.00 0.00 0.00 0.00 120,000.00 100.00% 400-40-54115-0000000 Econ Dev Grant Prog 20,000.00 0.00 0.00 0.00 20,000.00 100.00% 400-40-54210-0000000 Transfer Out - General Fund 206,916.00 103,458.00 51,729.00 155,187.00 51,729.00 25.00% 400-40-54410-0000000 Quality of Life - Events 52,000.00 483.54 0.00 483.54 51,516.46 99.07% 400-40-55146-0000000 Downtown Dev. Imp. 296,000.00 25,340.00 57,546.75 82,886.75 213,113.25 72.00% Expense Totals: 891,824.00 566,902.65 260,543.95 827,446.60 64,377.40 7.22% 400 - MEDC Totals: -176.00 205,943.86 16,184.69 222,128.55 -222,304.55 Report Total: -176.00 205,943.86 16,184.69 222,128.55 -222,304.55 7/14/2026 2:38:43 PM Page 5 of 6 Page 41 of 47 Detail vs Budget Report Date Range: 04/01/2026 - 06/30/2026 Fund Summary Fund Fiscal Budget Beginning Balance Total Activity Ending Balance Budget Remaining % Remaining 400 - MEDC -176.00 205,943.86 16,184.69 222,128.55 -222,304.55 Report Total: -176.00 205,943.86 16,184.69 222,128.55 -222,304.55 7/14/2026 2:38:43 PM Page 6 of 6 Page 42 of 47  MEDC Cash Analysis Report As of June 30, 2026 Claim on Cash Balances Variance from Account Name Balance March 2026 400-10100-00000 Claim on Cash - MEDC Fund 400 1,265,738.74 (61,436.00) 400-10110-00000 Claim on Pooled Investments - MEDC 2,191,922.02 19,788.19 Total Cash Balance 3,457,660.76 (41,647.81) Bank Balances Variance from Account Name Balance March 2026 997-10640-00000 Pooled Inv - MEDC General 1,670,264.56 15,078.81 997-10641-00000 Pooled Inv - MEDC Reimbursement 282,709.30 2,552.22 997-10642-00000 Pooled Inv - MEDC Downtown 238,948.16 2,157.16 999-10640-00000 Pooled Cash - MEDC 769,433.79 5,997.20 Total Bank Balance 2,961,355.81 25,785.39 MEDC Cash Balance in General Pool 496,304.95 (67,433.20) TexPool Interest Rate April 3.66% May 3.62% June 3.65% Page 43 of 47  MONTGOMERY ECONOMIC DEVELOPMENT CORPORATION AGENDA REPORT MEETING DATE: July 21, 2026 AGENDA ITEM: 9. SUBMITTED BY: Maryann Carl , Finance Director DEPARTMENT: Administration AGENDA ITEM Consideration and possible action on the MEDC Proposed Budget for FY 2027. RECOMMENDATION Staff recommend approving the proposed budget. BACKGROUND Since the workshop on June 30th, the following changes have been made to the proposed budget: Expenses • Computer Technology - Addition of $4,980 for Project Management software • Consulting/Professional Services - reduced by $4,980 to cover the item above • Transfer Out - General Fund - salary amounts have been updated to reflect a 3% COLA Revenue • Use of Surplus Funds - reduced by $355,201. In the version provided during the workshop, the expense total captured the itemizations as both a total and individualized causing duplication. FISCAL IMPACT ATTACHMENTS 1. MEDC PROPOSED 7.21.26 Page 44 of 47  MEDC - PROPOSED BUDGET FY 2027 July 21, 2026 Description Department Amounts - FY24 Amounts - FY25 Amounts - FY26 Amounts - FY26 Amounts - FY27 In FY26 vs. FY27 (% Change) Actuals Actuals Adopted Actuals Progress Sales Tax Revenue $1,478,733 $1,079,201 $805,000 $368,625 $829,150 3% Events Revenue Revenue $7,176 $8,299 $7,000 $0 $7,000 0% Interest Income Revenue $107,110 $113,881 $80,000 $53,348 $70,000 -13% Use of Surplus Revenue — — — — $2,592,045 0% Funds $1,593,020 $1,201,381 $892,000 $421,973 $3,498,195 292% 1 Page 45 of 47  MEDC - PROPOSED BUDGET FY 2027 July 21, 2026 Description Department Amounts - Amounts - Amounts - Amounts - Amounts - Itemizations - FY26 vs. FY27 (% Change) FY24 FY25 FY26 FY26 FY27 In FY27 In Actuals Actuals Adopted Actuals Progress Progress Legal Fees MEDC $1,150 $22,151 $10,000 $616 $10,000 0% Advertising/Promotion MEDC $693 $29,300 $20,000 $2,696 $20,000 0% Legal Notices & Publications MEDC $0 $345 $1,000 $241 $1,000 0% Social Media Advertising MEDC — $2,743 — — $0 0% Consulting/Professional Serv MEDC $96,400 $6,380 $157,208 $0 $51,270 -67% Encode MEDC $11,250 0% HdL MEDC $8,400 0% TBD MEDC $31,620 0% Tax Assessor Fees MEDC — — $0 $1,703 $0 0% Computer Technology MEDC $0 — — — $4,980 0% Historical Signage MEDC $0 $0 $1,000 $0 $1,000 0% Brochures / Printed Lit MEDC $998 $342 — — $0 0% Street Signs MEDC — — $0 $425,000 $4,000 0% Travel & Training MEDC $3,272 $5,246 $6,000 $2,324 $7,400 23% Community Development MEDC $1,500 0% Institute Training Year 1/3 - KG Sales Tax Workshop- KG MEDC $500 0% TBD MEDC $2,000 0% Texas Economic Development MEDC $0 0% Council Annual Conference Texas Municipal League Annual MEDC $1,600 0% Conference - KG Texas Municipal League Annual MEDC $900 0% Economic Development Conference Texas Municipal League Small MEDC $900 0% Cities Conference - KG Dues & Subscriptions MEDC $0 $858 $1,200 $394 $1,500 25% Misc Expenses - Other MEDC $930 $436 $500 $4,751 $500 0% 380 Sales Tax Rebate MEDC $163,785 $172,304 $120,000 $0 $120,000 0% Econ Dev Grant Prog MEDC $6,300 $76,940 $20,000 $0 $25,000 25% Biz Improvements Grant MEDC $25,000 0% Transfer Out - General Fund MEDC $275,000 $187,354 $206,916 $103,458 $286,545 38% 2 Page 46 of 47  MEDC - PROPOSED BUDGET FY 2027 July 21, 2026 Description Department Amounts - Amounts - Amounts - Amounts - Amounts - Itemizations - FY26 vs. FY27 (% Change) FY24 FY25 FY26 FY26 FY27 In FY27 In Actuals Actuals Adopted Actuals Progress Progress Annual Audit (10%) MEDC $4,160 0% City Admin Support (25%) MEDC $60,403 0% City Secretary Support (10%) MEDC $16,419 0% Computer, phone, tech support MEDC $6,000 0% Finance Support (10%) MEDC $19,200 0% MEDC Asst Director (100%) MEDC $159,051 0% Mtg & Conf Space MEDC $4,800 0% Multimedia, livestream, web MEDC $1,200 0% Office Space MEDC $15,312 0% Transfer to Capital - MEDC - MEDC — — — — $2,500,000 0% McCowan Transfer to Capital - Wayfinding MEDC — — — — $425,000 0% Quality of Life - Events MEDC $48,563 $61,364 $52,000 $484 $40,000 -23% Downtown Dev. Imp. MEDC $0 — $296,000 $49,016 $0 -100% Land Acquisition MEDC $0 $2,300 — — $0 0% CO - Computers Equipment MEDC — $6,489 — — $0 0% $597,090 $574,551 $891,824 $590,684 $3,498,195 $370,215 292% 3 Page 47 of 47