Odessa Development Corporation

ODESSA DEVELOPMENT CORPORATION MINUTES CITY OF ODESSA, TEXAS April 3, 2025 A regular meeting of the Odessa Development Corporation (ODC) was held on April 3, 2025, at 3:40 p.m. in the Council Chambers, 5th floor, City Hall, 411 W. 8th St, Odessa, Texas. Members present: David Boutin, Ronnie Phillips, Tim Edgmon, Peggy Dean, Gaven Norris, and Thomas Blackstone. Member absent: Blake Neatherlin. Others present: Norma Aguilar, City Secretary; Dan Jones, City Attorney; Kaylie Banda, Finance Director; and Tom Manskey, Chamber of Commerce. A quorum being present, Mr. Boutin called the meeting to order, and the following proceedings were held: Mr. Norris gave the invocation. The Pledge of Allegiance and Texas Pledge were recited. Citizen comments on non-agenda items. None. Financial review. Mr. Boutin stated that the financial analysis would provide the knowledge of seeing the impact of adding grants and/or the expenditures in reserves. Ms. Banda reviewed the reserve forecast, and it outlined the commitments. She reviewed the committed grants. Mr. Boutin explained the TxDOT committed funds and the city infrastructure projects. As authorized by the Texas Government Code Sec. 551.087 (Deliberation regarding economic development negotiations), the ODC Board may adjourn into executive session to discuss the following projects: 1. Phoenix 2. Horseshoe 3. Thunderstorm 4. Texas Clean Energy 5. Oasis 6. Lone Star Lithium 7. Oil PR 8. Public House OFS 9. Fix It Fast 10. IDI 11. Dragonslayer 12. Iron Man (2) 13. TCP ODC Minutes April 3, 2025 Page 2 14. Van Zandt 15. PBS 16. Whiptail 17. Flint Data 18. Safe 19. TDOT 20. Omni 21. FDS Motion was made by Ms. Dean and seconded by Mr. Edgmon to go into executive session under 551.087. The motion was approved by unanimous vote. Motion was made by Mr. Norris and seconded by Ms. Dean to return from executive session. The motion was approved by unanimous vote. No action was taken in executive session. Motion was made by Mr. Blackstone and seconded by Ms. Dean to adjourn the meeting. The motion was approved by unanimous vote. The meeting adjourned at 5:01 p.m. ATTEST: APPROVED: Norma Aguilar, TRMC, CMC David Boutin City Secretary President