Terrell Economic Development Corporation

AGENDA Terrell Economic Development Corporation 8:00 AM - Friday, January 16, 2026 City Council Chambers, 201 E. Nash Street, Terrell, TX Board Members Shameta Wilson, Chairman Mayrani Velazquez, Vice-Chairman Kelly Lane, Secretary Matt Oakley, Board Member Travis Richards, Board Member Robert Messer, Ex-Officio Raylan Smith, Ex-Officio Carlton Tidwell, President/CEO NOTICE IS HEREBY GIVEN that the Terrell Economic Development Corporation will conduct a meeting at 8:00 a.m. on Friday, January 16, 2026, at Terrell City Hall located at 201 East Nash Street. The meeting is open to the public in the Council Chambers. If you choose not to attend in person and you wish to submit public comments, email support@cityofterrell.org and title the email ”Public Comment”. All public comments submitted by 4:00 p.m. on the day before the meeting will be provided to the Terrell Economic Development Corporation Board Members and recorded into the minutes for the FRIDAY, JANUARY 16, 2026 Terrell Economic Development Corporation's Board Meeting. Page 1. CALL TO ORDER 2. INVOCATION 3. HEAR REMARKS FROM VISITORS. This time is set aside on the agenda to invite any person to address the Terrell Economic Development Corporation Board on issues not subject to a public hearing. Routine administrative matters are best discussed with the appropriate City Staff before bringing them to the Board. Prior to the meeting, please complete a "Citizen Participation Form" and present it to staff. In accordance with the Texas Open Meetings Act, Section 551.042, the Board cannot discuss, consider, or take action on matters not listed on the agenda. Speakers should limit their comments to 3 minutes and are asked to speak into the microphone provided, identifying themselves for the record. Comments of a personal nature directed at the Board or Staff are inappropriate. Page 1 of 13 4. ADOPTION OF MINUTES 4.1. Discuss and Consider Approval of the Minutes From the Meeting Held on 3 - 4 November 12th, 2025. TEDC Minutes 11-12-2025 5. BUSINESS ITEMS 5.1. Discuss and Consider November/December Financials. 5 - 11 TEDC Financials 5.2. Discuss and Consider Terrell Library WINGS update. 5.3. Discuss and Consider Terrell Airport Small Business Grant. 12 - 13 Resolution 6. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: 6.1. Section 551.074 Personnel Matters. Section 551.087 Deliberations Regarding Economic Development Negotiations. 7. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION. 8. ADJOURN. I, the undersigned authority, do hereby certify that the above NOTICE OF MEETING of the Terrell Economic Development Corporation is a true and correct copy of said NOTICE, which has been posted on the front door of the at the Terrell Chamber of Commerce 1314 West Moore Avenue, Terrell, Texas, a place convenient and readily accessible to the General Public and on the website at terrelltexasedc.com, and which has been continuously posted for a period of three (3) business days prior to the date and time said meeting was convened. Posted Friday, January 9, 2026 –6:00 p.m. _______________________________________ Carlton Tidwell, President Page 2 of 13 ITEM 4.1. Terrell Economic Development Corporation BOARD MEETING 11.12.2025 Held at Terrell Chamber of Commerce/CVB office located at 1314 W Moore Avenue, Terrell, TX 75160 at 11:30 am. MEMBERS PRESENT County Commissioner Kelly Lane, Matt Oakley, Shameta Wilson, Travis Richards, Council Member Mayrani Velazquez and Carlton Tidwell EX-OFFICIO MEMBERS PRESENT Raylan Smith MEMBERS ABSENT Robert Messer OTHERS PRESENT Willam Socha and Olivia Rice with Terrell lSD, KJ Montomery and Angie Cooper with Terrell Chamber of Commerce 1. CALL TO ORDER Shameta Wilson called the meeting to order at 11:49 AM. 2. INVOCATION Shameta Wilson gave the invocation. 3. HEAR REMARKS FROM VISITORS None 4. EXECUTIVE SESSION Adjourn into Closed Meeting under the Texas Open Meeting Act in accordance with Section 551 of the Texas Government Code to discuss the following: Texas Government Code, SECTIONS 551.074 (Personnel Matters), 551.087 (Deliberations regarding Economic Development Negotiations) ADJOURNED INTO CLOSED MEETING AT 11:46 aM COMMISSIONER KELLY LANE AND MATI OAKELY SECONDED THE MOTION. THE MOTION PREVAILED . ALL VOTES AYE. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ON ITEMS DISCUSSED IN EXECUTIVE SESSION. RECONVENED INTO REGULAR SESSION AT 12:02 PM Page 3 of 13 ITEM 4.1. 4. DISCUSS AND CONSIDER APPROVAL OF MINUTES HELD ON OCTOBER 22, 2025 Matt Oakley moved to accept the minutes as presented from the October 22, 2025 meetings. Commissioner Kelly Lane seconded the motion. The motion prevailed. All votes aye. 5. REVIEW ONLY SEPTEMBER &OCTOBER FINANCIALS Commissioner Kelly Lane moved to accept the September & October 2025 financial. Travis Richards seconded the motion. The motion prevailed. All votes aye. 6. TERRELLISD EXCELLENCE FOUNDATION UPDATE Olivia Rice and Wiliams Socha presented funding of $18,950 Welding Lab Upgrade and $58,100 Engineering & Robotics Revitalization. Council Member Mayrani Velazquez moved to accept the funding for the Engineering and Robotics Revitalization in the amount of $58,100, less $12,000 for HAAS CNC Service/Repair, and Welding Lab Upgrade in the amount of $18,950. For a total amount of $65,050. County Commissioner Kelly Lane seconded the motion. The motion prevailed. All votes aye. 7. EXECUTIVE SESSION Adjourn into Closed Meeting under the Texas Open Meeting Act in accordance with Section 551 of the Texas Government Code to discuss the following: Texas Government Code, SECTIONS 551.074 (Personnel Matters), 551.087 (Deliberations regarding Economic Development Negotiations) ADJOURNED INTO CLOSED MEETING AT 12:58 PM COUNCIL MEMBER MAYRANI VELAZQUEZ MADE THE MOTION AND MATT OAK ELY SECONDED THE MOTION. THE MOTION PREVAILED . ALL VOTES AYE. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ON ITEMS DISCUSSED IN EXECUTIVE SESSION . RECONVENED INTO REGULAR SESSION AT 1:18 PM TRAVIS RICHARDS MADE THE MonON AND COUNCIL MEMBER MAYRANI VELAZQUEZ SECONDED THE MOTION. THE MOTION PREVAILED. ALL VOTES AYE. 8. ACTION FROM EXECUTIVE SESSION No action taken . 9. NEXT BOARD MEETING DATE The next scheduled meeting will be on December 3, 2025 at the Chamber Office at 11:30 am has been cancelled unless the board decides to add one. The next appointment will be in January at the city council chambers . 10. ADJOURNMENT Council Member Mayrani Velazquez moved to adjourn at 1:23 pm. Travis Richards seconded the motion. All votes aye. Minutes recorded by Angie Cooper Page 4 of 13  ITEM 5.1. Monllf Month ve.ar Year December 2025 Financials Current Prev, Month Year Prior Year A'Ctual' Budget Variance Actuall BudgetYTD Variance Month Actual Variance Actual Actual Variance 1 19,7-33 10,000 9.]33 81.2'77 15,000 66,277 interest income 19.733 19,722 11 81,277 58.576 22,701 2 e 0 0 487:,1$ 0 487,785 Land Sale 0 0 0 487,785 0 487,785 3 0 16.667 (16,667) 2,2;536 50,000 (27,464) Rail Repair Allocation 0 615 (615) 22.536 119,805 (97.269) 4 318,925" 291,667 27.258 911,19S. 875,000 36.195 Sales Tax 318,925 298,643 20.282 911,195 922,035 (10,840) 5 338,658 318,333 20,325 1,.$02J793~ 940, 000 562,793 Tota/lncome 338,658 318,980 19,678 1,502,793 1,100,416 402,377 6 7 e 0 0 0 0 0 Debt Service Payments 0 0 0 0 ° 0 8 42.194 50,000 (7.806) 130,008 150,000 (19,992) Sales Tax Rebate CR 42.194 42,224 (30) 130,008 127,071 2,937 9 4~, m 50,000 (7,806) 130;008 150,000 (19,992) Total Debt/Rebates 42,194 42,224 (30) 130,008 127,071 2,937 10 11 0 0 0 66 0 66 Professional Service 0 0 66 0 66 12 525 3,333 (2.808) 2,055 10,000 (7,945) Consultant Expenses 525 0 525 2.055 437 1.618 0 0 0 13 14 0 "5,16"0 ° 16,667 0 (11,507) 0 5, 160 0 50,000 0 (44.840J Directors Insurance Engineering Services ° 5.160 0 5.160 5,160 0 9,176 ° (4,016) 15 0 1,667 (1.667) 0 5,000 (5,000) Legal Fees 0 0 0 0 0 0 16 8i 333 2,083 6.250 [0,30li 6,250 4,053 Strategic Plan 8,333 670 7,664 10,303 52,664 (42,361) 17 14,018 23,750 (9,732) :1.7,584 71,250 (53,666) Profession Service Total 14,018 670 13,349 17,584 62,278 (44,694) 18 19 40.629 14,583 26,043 79.. 777 43,750 36.027 Marketing 40.626 2,581 38.045 79.777 72,672 7.104 20 '40,1.72 38,447 1,725 120,517 115, 341 5.176 TCoC/EDC Contract 40,172 40,172 0 120,517 109,500 11,017 21 6;,445 10,417 (3.971) 14,853 31,250 (16 .397) Business Retention 6,445 7.210 (764) 14,853 11,511 3.342 22 615 16,667 (16.052) ~2.620 50.000 (27,380) Rail Repairs 615 615 0 22,620 26,155 (3.535) 23 lI8S 1,250 (865) 555, 3,750 (3,195) Professional Memberships 385 0 385 555 785 (230) a. 1,100 (6,400) Property Maintenance (450) 1,100 24 25 651 2,500 0 (2,500) 651 6,329" 7.500 0 6,323 Data Enhancement/Program Fees ° 651 450 5,662 (5.011) 6.323 0 2,005 1,100 4.318 26 776 6,250 (5,474) 7,002 18,750 (11,748) Travel/ Conferences 776 1.781 (1,005) 7.002 9,446 (2,444) 27 ~9...670 90,114 (444) 252,74Z 270,342 (17,595) Professional Services Total 89,670 58,470 31,199 252,747 232,074 20,673 28 29 0 8,333 (8,333) 65,"50 25,000 40,050 CTE Programs 0 65,050 (65,050) 65.050 92,198 (27,148) 30 0 0 0 a 25,000 (25,000) TVCC Program 0 0 0 0 0 0 31 0 30,000 (30,000) Adult workforce 0 32 ° 0 0 8,333 ° (8,333) 65,050, 80,000 (14,950) Career Technical Program 0 0 65,050 0 (65,050) 0 65,050 60,000 152,198 (60,000) (87,148) 33 J9J,175 146,136 46,640 li,09,7,4fJ4 368,408 668,996 Net Operating 192,776 152,566 40,210 1,037,404 526,796 510,608 34 Projects Expenses Page 5 of 13 35 0 83,333 (83,333) 1183473 250,000 (66,528) Incentives 0 180,160 183,473 0 36 2,O(!)O 83,333 (81,333) 2,ooe 250,000 (248,000) Project Expense 2,000 0 2,000 0 37 2;000 166,667 (164,667) 18$)478 500,000 (314,528) Total Project Expense 2,000 180,160 185,473 0  ITEM 5.1. Statement of Changes in Cash Account Dec 31, 2025 Nov 30, 2025 Change (Dee-Nov) Cash in Bank 517,671 348,772 168,900 CD with American National Bank 2,195,860 2,195,860 0 TexPool Investment Account 5,618,079 5,599,878 18,202 TOTAL CASH & CASH EQUIVALENTS 8,331,610 8,144,509 187,101 Page 6 of 13 ITEM 5.1. TEDC CASH FLOW Assets Bank Balance as of 1/10/2026 $ 363,671 ANB CD #9558 @ 4.05% $ 2,195,860 Qtrly Int Paid Tx Pool Investment $ 5,618,079 $ 8,177,610 Projected Income Projected Month ly Sales Tax Revenue $ 285,000 TIF $ 212,000 A/R Invoiced - Rail Road Allocation $ 22,620 Invoiced 12.31 $ 519,620 Projected Expenses Projected Operating Expenses $ 108,916 Projected Incentive Payments $ 3,144,092 $ 3,253,008 Pending Projects Los Lomas - TIFIA $20M 20% ED[ Shcare est $4m (Resol.ution 5.15.2024) $ 4,000,000 W<;IyfindingSigns in Busihess Parks $ 175,221 $ 4,175, 221 Projected Available Reserves $ 1,269,001 Current TEXPOOL Interest Rote 3.69920% 1/10/2026 Page 7 of 13  ITEM 5.1. TEDC Commitments Description Option Expires Amount Owed Approved by TEDC Board Approved On Amount o Projects 1 NFl Job Grant Max (3k+2.5K)*50 jobs 6/3/2027 $ 121,000 Approved 5.5.2022 $ 275,00C EDC rec'd $2.7M for property 50% sales tax on electricity for 10 years $100K impact fees $309,261 roadway reimbursement 2 Lone Star/Frez-n-Stor Option Impact Fees November 2025 $ 675,000 3 Lone Star/Frez-n-Stor Option Others (permit/env study/soil) November 2025 $ 77,173 8 acres plat $300 an acre 136,614 sq ft .01 sq ft - fire permit .50 sq ft - building permit $2800 water meter $2300 sewer 4 Lone Star/Frez-n-Stor Option Job Grant for 25 jobs ($3K per job for 12/6/2028 $ 137,500 $65K or $5K for $50K, plus $500 for 75160 residence) 5 CART. com/Goodyear Driveway price lower from $250k to $163K $ 250,000 Approved 9.28.2023 $ 250,00C Price adj at 10.28.2024 Page 8 of 13  ITEM 5.1. TEDC Commitments Description Option Expires Amount Owed Approved by TEDC Board Approved On Amount 6 GH Crane Job grant 6/14/2027 $ 373,750.00 not capped on number of new jobs 3 years from CO $5K new job $7K new job {75160 & 75161} est 40 job increase in 2025 at Opening 50% of the 3/8 sales tax rebated est $50M in sales for 2025 $7500/ $lM of taxable sales TEDC is responsible for ALL ad valorem tax until COl onthe 11 acres on Apache Trail. Preformace agreement does not mention the additional 4 acres on Apache Tra il. Prefo rmance agreement and MOU do not match. TEDC now owns 4.59 acres at 14891 SH 205 GH Crane now owns 11.66 acres on Apache Trail pl us 4 acres on Apache Trail 7 Ackerman for Sewer Bruce will approved agreement 3years / 2 years $ 700,000 Approved 11.27.2023 $ 700,OOC Jan 2029 8 Ackerman for Turning Lane $50k to $100K $ 100,000 Page 9 of 13 2025 budget 9 Ackerman for Eng Fee 2024 budget $ 50,000 10 Ackerman {Easement for Mary City is responsible $ - $ - Not presented to board Gayle Property} 11 I=M 14~ Rprl;:lm;:lti nn I=lnnrlnl;:lin c; h~q hhq hn;:lrrl ;:Innrn\lprl J 1 h JnJ4 C; ~ Jnn nnr  ITEM 5.1. 2017-2018 Budget Year October November December Janua ry February March April May June Ju ly August September Sales Tax $ 211,734 $ 221,928 $ 212,956 $ 215,548 $ 256,776 $ 215,919 $ 168,476 $ 232,810 $ 256,684 $ 243,598 $ 252,032 $ 236,891 $ 2,725/351 2018-2019 Budget Year Sales Tax $ 245,628 $ 223, 792 $ 245,317 $ 231,218 $ 272,286 $ 272,286 $ 236,275 $ 257,634 $ 254,281 $ 216,593 $ 252,032 $ 254,495 $ 2,961/836 2019-2020 Budget Year Sales Tax $ 125, 211 $ 188,715 $ 209,556 $ 192,658 $ 243,796 $ 188,319 $ 185,216 $ 122,225 $ 170,916 $ 198,313 $ 236,815 $ 206,487 $ 2,268/228 2020-2021 Budget Year Sales Tax 1$ 171,823 $ 209,374 $ 195,335 $ 182,374 $ 220,357 $ 182,195 $ 162,136 $ 284,714 $ 239,376 $ 220,192 $ 251,557 $ 240,185 $ 2,559/619 Unempl Rate I 4.30% 5.90% 5.20% 2021-2022 Budget Year GROSS Sales Tax I$ 269/696 $ 306,290 $ 285, 178 $ 266,825 $ 331,584 $ 238,844 $ 225,208 $ 315,768 $ 278,912 $ 320, 340 $ 283,864 $ 294,051 $ 3,416,559 Unempl Rate**1 4.00% 4.10% 4.10% 4.00% 3.40% 3.40% 2022-2023 Budget Year GROSS Sales Tax 1$ 298,938 $ 285,200 I $ 294,549 -' $ 270,624 1 $ 351,686 I $ 252,881 I $ 257,494 I $ 312,781 1 $ 258,965 $ L 268,177[ $ 333,2921 $ 270,0631 $ 3,454,650 J Unempl Rate--I 4.00% I J [ 3.50%1 3.40%[ [ [ 4.1%1 [ [ [ [ 2023-2024 Budget Year GROSS Sales Tax 1$ 326,809 $ 275,956 I $ 303,699 I $ 295,705 I $295,705 [ $ 392,128 I $ 210,410 I $ 556,219· 1 $ 302,584 I $ (3,038)1 $ 276,053 [ $ 363,444 I $ 3,595,674 I Unempl Rate--I 4.30%1 [ [ I I I I I I I I I 2024-2025 Budget Year I October November December January February March April May June July August September Sales Tax 1$ 310,146 $ 307,251 $ 304,639 $ 288,178 $ 429,849 $ 262,226 $ 261,081 $ 325,248 $ 296,757 $ 305/723 $ 298,698 $ 327,312 $ 3,717,107 2025-2026 Budget Year I October November December January February March April May June July August September Sales Tax IS 293,627 $ 298/643 $ 318,925 $ 91U95 Page 10 of 13  ITEM 5.1. TEDC Commitments Description Option Expires Amount Owed Approved by TEDC Board Approved On Amount 18 2024-2025 Total Sales Tax To $ 3,717,107 Date 19 2023-2024 Total Sales Tax to $ 3,595,674 Date 20 2022-2023 Total Sales Tax to $ 3,454,650 Date 21 2021-2022 Total Sales Tax $ 3,416,559 Rebate 22 2020-2021 Total Sales Tax $ 2,559,619 23 2019-2020 YTD *CrossRoads $ 2,961,836 Sales Tax Rebate 24 Total Sales Tax Rebate $ 20,616,641 Page 11 of 13 ITEM 5.3. CITY OF TERRELL ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. XXXX-XX A RESOLUTION OF THE TERRELL ECONOMIC DEVELOPMENT CORPORATION ESTABLISHING THE TERRELL MUNICIPAL AIRPORT SMALL BUSINESS GRANT PROGRAM TO SUPPORT ENTREPRENEURSHIP, BUSINESS GROWTH, AND ECONOMIC DEVELOPMENT. WHEREAS, the Terrell Economic Development Corporation (TEDC) is committed to fostering a vibrant business environment, supporting small businesses, and promoting innovation and entrepreneurship consistent with the TEDC Strategic Plan; and WHEREAS, the TEDC Strategic Plan identifies objectives to encourage entrepreneurship that innovates for tomorrow, grow a thriving small business ecosystem, and transform Terrell into a hub for entrepreneurship and innovation; and WHEREAS, the Terrell Municipal Airport provides a unique location for small business operations and expansion, contributing to the local economic growth and job creation; and WHEREAS, the TEDC desires to establish a grant program to assist small businesses that lease or expand facilities within the Terrell Municipal Airport, supporting lease costs and/or construction costs, thereby promoting economic development and business sustainability. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE TERRELL ECONOMIC DEVELOPMENT CORPORATION THAT: 1. Establishment of Grant Program - The Terrell Economic Development Corporation (TEDC) hereby establishes the Terrell Municipal Airport Small Business Grant Program to support small businesses seeking to start or expand operations within the Terrell Municipal Airport. 2. Program Objectives - The program shall support TEDC Strategic Plan goals by: • Encouraging entrepreneurship that innovates for tomorrow. • Growing the small business ecosystem within Terrell. • Transforming Terrell into a thriving hub for entrepreneurship and innovation. 3. Eligible Applicants - Businesses seeking to lease or expand property at the Terrell Municipal Airport and demonstrate the capacity to contribute to the airport's ecosystem. Page 12 of 13 ITEM 5.3. 4. Eligible Grant Uses - • Lease Reimbursement - up to $150,000 to offset lease costs. • Construction Reimbursement - up to $150,000 to reimburse construction or facility expansion costs. 5. Application Requirements - Applicants must provide: • Business and financial information demonstrating stability and creditworthiness. • A business expansion plan or pro forma, including anticipated revenue and expenses. • Current and proposed employee numbers. • Documentation supporting lease or construction costs. 6. Evaluation and Approval - Applications shall be evaluated by TEDC staff and approved, partially funded, or denied by the TEDC Board based on alignment with program objectives, business viability, financial stability, and potential economic impact. 7. Reporting and Compliance - Grant recipients must report on financial performance, employee impact, and use of grant funds as specified in grant agreement. Noncompliance may result in repayment or ineligibility for future funding. 8. Administration - The TEDC staff shall administer this program, including application intake, evaluation, and reporting to the Board. RESOLVED FURTHER, that this resolution shall be effective immediately upon its adoption and shall remain in effect until amended or repealed by the TEDC Board. ADOPTED AND APPROVED this the day of 20_ _ Page 13 of 13