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Odessa Development Corporation

Regular Meeting

Odessa, TX · August 29, 2024

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Minutes

ODESSA DEVELOPMENT CORPORATION MINUTES CITY OF ODESSA, TEXAS August 29, 2024 A special meeting of the Odessa Development Corporation (ODC) was held on August 29, 2024, at 8:31 a.m. in the Council Chambers, 5th floor, City Hall, 411 W. 8th St. Odessa, Texas. Members present: David Boutin, Tim Harry, Melanie Hollmann, Gene Chavez and James Kirk. Members absent: Larry Robinson Others present: Dan Jones, City Attorney; John Beckmeyer, City Manager: Tom Manskey, Office of Economic Development; Kathi Vaughn, Office of Economic Development; Lindsey Simpkins, Office of Economic Development; and Others: Peggy Dean, ODC Compliance Committee Chair A quorum being present, Dr. Kirk called the meeting to order, and the following proceedings were held: Mr. Harry gave the invocation. The Pledge of Allegiance and Texas Pledge were recited. The Board may recess into Executive Session in compliance with Section 551.001 et. Seq. Texas Government Code in accordance with: Section 551.072. Deliberation regarding real property; the purchase, exchange, lease or value of real property. • Project Logical Location Motion was made by Ms. Hollmann and seconded by Mr. Harry to recess into executive session to discuss Project Logical Location. The motion was approved by unanimous vote. Recessed into executive session at 8:33 a.m. Motion was made by Mr. Harry and seconded by Ms. Hollmann to reconvene from executive session at 9:48 a.m. The motion was approved by unanimous vote. Motion was made by Ms. Hollmann with a second by Mr. Boutin that subject to receipt in writing of an acceptance of a bid with regard to Project Logical Location and subject to receipt and agreement upon an appropriate escrow agreement between ODC and Basin Abstract & Title that the ODC board would agree to place the amount of $3 million dollars in escrow but not expend those funds. The funds would be held pursuant to the requirements of the escrow agreement to include but not limited to specific written instruction from the ODC board prior to any release of funds to any party in furtherance of Project Logical Location. The motion was approved by unanimous vote. ODC Special Meeting August 29, 2024 Page 2 Citizens comments on non-agenda items. None Upcoming dates for future ODC Board meetings. The next ODC Board meeting is scheduled for September 12, 2024, at 2:00 p.m.in the City Hall Council Chamber on the 5th floor. Motion was made by Mr. Harry and seconded by Ms. Hollmann to adjourn the meeting. The motion was approved by unanimous vote. The meeting was adjourned at 9:51 a.m. PREPARED BY: APPROVED: Kathi Vaughn James Kirk Economic Development Specialist President ATTEST: Norma Aguilar, TRMC, CMC City Secretary

Agenda

PUBLIC NOTICE ODESSA DEVELOPMENT CORPORATION BOARD OF DIRECTORS MEETING In accordance with the Open Meetings Act, Chapter 551 of the Government Code of Texas, notice is hereby given to all interested persons that the Odessa Development Corporation (“ODC”) will meet on Thursday, August 29, 2024 at 8:30 a.m. in the Council Chambers, fifth floor, City Hall, 411 W. 8 th St., Odessa, Texas for the following purpose: See attached agenda This Notice is being posted on the south door of City Hall and on the bulletin board of the first floor of City Hall, Odessa, Texas, on the City of Odessa’s website www.odessa- tx.gov, and on the Odessa Development Corporation’s website www.odessatex.com, this the ______ day of August, 2024 at __________ ___.m., said time being more than seventy-two hours (72) prior to the time at which the subject meeting will be convened and called to order. The meeting is available to all persons regardless of disability. Individuals with disabilities who require special assistance should contact the City Secretary's Office at 432-335-3276, or 411 West 8th Street, First Floor, Odessa, Texas, during normal business hours at least twenty-four hours (24) in advance of the meeting. Norma Aguilar, TRMC, CMC City Secretary ODC Special Meeting Agenda August 29, 2024 8:30 a.m. Odessa City Hall, 5th Floor Council Chambers 1. Call to Order 2. Invocation and Pledge of Allegiance Any member of the public may address the ODC Board regarding any of its agenda items before or during the consideration of the item. Closed Session 3. The Board may recess into Executive Session in compliance with Section 551.001 et. seq. Texas Government Code in accordance with: a. Section 551.071. Consultation with Attorney. b. Section 551.072. Deliberation regarding real property: the purchase, exchange, lease or value of real property. • Project Logical Location c. Section 551.087. Deliberation regarding Economic Development negotiations. 4. Reconvene into Regular Session and take any necessary action as a result of the closed session. 5. Citizens comments on non-agenda items 6. Upcoming dates for future ODC Board meetings ................................................ James Kirk A. Next ODC Board Meeting is scheduled for Thursday, September 12, 2024, at 2:00 pm in the City Hall Council Chambers on 5th floor. 7. Adjourn ................................................................................................................ James Kirk COURTESY RULES Thank you for your presence. The ODC Board appreciates your interest in Odessa City Government. PLEASE SILENCE OR TURN OFF ALL MOBILE DEVICES. If you wish to address the ODC Board, obtain a speaker card just inside the Council Chambers, complete the information requested on the card, and deliver to the Assistant ODC Secretary before the meeting or as soon as you can. Speakers will be heard as the individual item(s) in which they have registered an interest come before the ODC Board. Remarks will be limited to three (3) minutes per speaker. PLEASE GIVE YOUR NAME FOR THE RECORD. Delay or interruption of the proceedings will not be tolerated.

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