Terrell Economic Development Corporation

AGENDA Terrell Economic Development Corporation 8:00 AM - Friday, March 20, 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, March 20, 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, MARCH 20, 2026 Terrell Economic Development Corporation's Board Meeting. Page 1. CALL TO ORDER 2. INVOCATION 3. HEAR REMARKS FROM VISITORS. Page 1 of 20  This time is set aside on the agenda to invite any person to address the Commission on issues not subject to a public hearing. Routine administrative matters are best discussed with the appropriate City Staff before bringing them to the Commission. Prior to the meeting, please complete a "Citizen Participation Form" and present it to City Staff. In accordance with the Texas Open Meetings Act, Section 551.042, the Commission 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. The total amount of time set aside for this place on the agenda is 15 minutes. Comments of a personal nature directed at the Commission or Staff are inappropriate. 4. ADOPTION OF MINUTES 4.1. Discuss and Consider approval of the minutes of the meeting held on 4 - 5 February 20, 2026. 2-20-26 Minutes 5. BUSINESS ITEMS 5.1. Discuss and Consider February financials. 6 - 11 February Financials 5.2. Discuss and Consider 402 S. Virginia property. 12 - 15 402 S Virginia 5.3. Discuss and Consider Railroad budget. 5.4. Update Terrell EDC Strategic Plan. 16 - 20 Strategic Plan 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. Page 2 of 20 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 3 of 20  ITEM 4.1. Terrell Economic Development Corporation BOARD MEETING 2.20.2026 Held at Terrell City Hall - Council Chambers - 291 E Nash Street, Terrell, TX 75169 at 8:99 am. MEMBERS PRESENT Matt Oakley, Travis Richards, Council Member Mayrani Velazquez and Carlton Tidwell EX-OFFICIO MEMBERS PRESENT Robert Messer MEMBERS ABSENT Kelly Lane, Sham eta Wilson OTHERS PRESENT Peyton Wynne, Jacqueline Ramirez with City of Terrell, Saydee Gutierrez with BR Messer 1. CALL TO ORDER Mayrani Velasquez called the meeting to order at 8:00 AM. 2. INVOCATION Carrlton Tidwell gave the invocation . 3. HEAR REMARKS FROM VISITORS None 4. DISCUSS AND CONSIDER APPROVAL OF MINUTES HELD ON JANUARY 16th, 2026 Travis Richards moved to accept the minutes as presented from the January 16th, 2026 meeting. Matt Oakley seconded the motion. The motion prevailed. All votes aye. 5. DISCUSS AND CONSIDER NOVEMBER &DECEMBER FINANCIALS Matt Oakley made a motion to approve the November and December financials. Travis Richards seconded the motion. The motion prevailed . All votes aye. 6. DISCUSS AND CONSIDER JANUARY FINANCIALS Matt Oakley made a motion to approve the November and December financials. Travis Richards seconded the motion. The motion prevailed. All votes aye. 7. DISCUSS AND CONSIDER TERRELL LIBRARY WINGS GRANT OF $60,000 Travis Richards moved to approve the WINGS Grant of $60,000. Matt Oakley seconded the motion. The motion prevailed. All votes aye Page 4 of 20 8. DISCUSS AND CONSIDER TERRELL EDC STRATEGIC PLAN UPDATE  Travis Richards moved to accept the update provided . Matt Oakley seconded the motion. The motion prevailed . All votes aye. ITEM 4.1. 9. DISCUSS AND CONSIDER SITE LOCATION PARTNERSHIP Travis Richards made the motion approving the EDC President to move forward with agreement as needed. Seconded by Matt Oakley. The motion prevailed. All votes aye. 10. DISCUSS AND CONSIDER TEXPOOL SIGNATURE CARD Travis Richards made a motion to add all board members to the signature card. Matt Oakley seconded the motion. The motion prevailed . All votes aye. 11. ADJOURN INTO CLOSED MEETING UNDER THE TEXAS OPEN MEETING ACT IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING: EXECUTIVE SESSION Adjourn into Closed Meeting under the Texas Open Meeting Act in accordance with Section 55l 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 AT9:05 AM MATT OAKLEY MADE THE MOTION AND TRAVIS RICHARDS SECONDED THE MOTION. THE MOTION PREVAILED. ALL VOTES AYE. 12. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ON ITEMS DISCUSSED IN EXECUTIVE SESSION. RECONVENED INTO REGULAR SESSION AT 9 :55 AM MOTION TO APPROVE THE EDC's $400,000 PERFORMANCE-BASED CONTRIBUTION FOR RELOCATING INFRASTRUCTURE TO EXPAND THE FILM ALLEY BUILDING, CONTINGENT UPON CITY COUNCIL APPROVING ITS PORTION OF FUNDING. TRAVIS RICHARDS MADE THE MOTION AND MATI OAKLEY SECONDED THE MOTION. THE MOTION PREVAILED. ALL VOTES AYE. 13. THE NEXT MEETING SCHEDULED WILL BE MARCH 20TH, 2026 AT TERRELL CiTY HALL- COUNCIL CHAMBERS 14.cONSIDER A MOTION TO ADJOURN. MOTION MADE BY M ATT OAKLmo ADJOURN. TRAVIS RICHARDS SECONDED THE MOTION . THE MOTION PREVAILED. ALL VOTES AYE. THE MEETING ADJOURNED AT 9:15 A.M. MINUTES RECORDED BY CARLTON TIDWElL Page 5 of 20 ITEM 5.1. Month Month Year Year February 2026 Financlals CUrrent Prevo Month Year Prior Year Actual Budget Variance Actual BudgetYTD Variance Month Actual Variance Actual Actual Variance 1 15,754 2,500 13,254 139,500 20,000 119,500 Interest Income 15,754 42,469 (26,715) 139,500 81,292 58,208 2 0 0 0 487,785 0 487,785 Land Sale 0 0 0 487,785 0 487,785 , 3 15, 080 16,667 (1,587) 37,616 83,333 (45,718) Rail Repair Allocation 15,080 0 15,080 37,616 120,921 (83 ,305) 4 366,Q20 291,667 74,3 53 1,596,948 1,458,333 138,615 Sales Tax 366,020 319,733 46,287 1,596,948 1,640,062 (43,114) 5 396,854 310,833 86,020 2,261,849 1,561,667 700,182 Total Income 396,854 362,202 34,652 2,261,849 1,842,275 419,574 6 8 84,979 50,000 34,979 260,306 250,000 10,306 Sales Tax Rebate CR 84,979 45, 320 39,658 260,306 239,442 20.864 I 9 84,979 50,000 34,979 260,306 250,000 10,306 Total Debt/Rebates 84,979 45,320 39,658 260,306 239,442 20,864 10 12 a 3,333 (3,333) 8,680 16,667 (7,987) Consultant Expenses a 6,625 (6,625) 8,680 657 8,023 14 3,736 16,667 (12,931) 8,896 83,333 (74,437) Engineering Services 3,736 0 3,736 8,896 11,801 (2,905) 15 0 1,667 (1,667) 0 8,333 (8,333) Legal Fees 0 0 0 0 0 0 16 122 2,083 (1,961) 10,425 10,417 8 Strategic Pla'n 122 a 122 10,425 104,639 (94,214) 17 3,858 23, 750 (19,892) 28,001 118,750 (90,749) ProfessIon Service Total 3,858 6,625 (2,767) 28,001 117,097 (89,096) 18 19 2,025 14,583 (12,558) 79,108 72,917 6,192 Marketing 2,025 (4,693) 6,718 79, 108 86,918 (7,810) 20 38,447 51,250 (12,803) 197,412 256,250 (58,838) TCoC/EDC Contract 38,447 38,447 a 197,412 189,845 7,567 ~:l 6,396 10,417 (4,021) 25,519 52,083 (26,565) Business Retention 6,396 4,204 2,191 25,519 24,599 920 22 a 16,667 (16,667) 22,620 83,333 (60,713) Rail Repairs a a a 22,620 28,927 (6,307) 23 0 1,250 (1,250) 555 6,250 (5,695) Professional Memberships a 1,200 (1,200) 555 1,335 (780) 24 a 2,500 (2,500) 1,100 12,500 (1l,400) Property Maintenance 0 a a 1,100 3,900 (2,800) 25 652 a 652 7,629 a 7,629 Data Enhancement/Program Fees 652 654 (2) 7,629 3,342 4,287 26 363 6,250 (S,887) 7,896 31,250, (23,354) TraveVConferences 363 531 (168) 7,896 17, 843 (9,947) 27 47, 882 102,917 (55,034) 341, 838 514,583 (172,745) ProfessIonal ServIces Total 47, 882 40,343 7,539 341, 838 356,709 (14,871) 28 29 a 8,333 (8,333) 65,050 41,667 23,383 CTE Programs a 0 0 65,050 92,198 (27,148) 3f a a a a a 0 TVCC Program a a a 0 a a 31 a 0 a a a a Adult Workforce a a a 0 60,000 (60,000) 32~ 0 8,333 /8,333) 65,050 41,667 23,383 Career Technical Program 0 0 0 65,050 152,198 (87,148) 3I 260,135 125,833 134,301 1,566, 653 636,666 929,986 Net Operating 260,135 269, 914 (9,779) 1,566, 653 976,829 589,824 34I Projects Expenses 3; a 83, 333 (83,333) 1,208, 295 416,667 791,628 Incentives 0 1,024,823 (1,024,823) 1,208,295 0 1,208,295 3; 0 83,333 (83, 333) 0 416,667 (416, 667) Project Expense 0 0 0 0 0 0 3I 0 166, 667 (166, 667) 1,208,295 833,333 374,962 Total Project EXl!ense 0 1,024,823 (1,024,823) 1,208,295 0 1,208,295 No assurance is provided on these financial statements. Page 6 of 20  ITEM 5.1. TEDC CASH FLOW Assets Bank Balance as of 3.16.2026 $ 93,044 ANB CD #9558 @ 4.05% $ 2,250,450 Tx Pool Investment $ 5,250,158 $ 7,593,653 Projected Income Projected Monthly Sales Tax Revenue $ 285,000 TIF $ 212,000 AIR Invoiced - Rail Road Allocation $ 201,240 -$-=---------- 698,240 Projected Expenses Projected Operating Expenses $ 108,916 Projected Incentive Payments $ 2,237,919 ~------~--~-- $ 2,346,835 Pending Projects Los Lomas - TIFIA $20M 20% EDC Share est $4m (Resolution 5.15.2024) $ 4,000,000 Wayfinding Signs in Business Parks $ 175,221 ~----------~~ $ 4,175,221 Projected Available Reserves ---------------- $ 1,769,837 Current TEXPOOL Interest Rate 3.79150% Page 7 of 20 ITEM 5.1. , 2017-2018 Budget Year I October November December January February March April May June July August September Sales Tax S 211,734 S 221,928 S 212,956 S 215,548 S 256,776 S 215, 919 S 168,476 S 232,810 S 256,684 S 243,598 S 252,032 S 236,891 S 2,725,351 2018-2019 Budget Year Sales Tax S 245,628 $ 223,792 $ 245,317 $ 231,218 S 272,286 $ 272,286 S 236,275 S 257,634 S 254,281 $ 216,593 $ 252,032 S 254,495 $ 2,961,836 2019-2020 Budget Year Sales Tax S 125,211 $ 188,715 $ 209,556 $ 192,658 $ 243,796 $ 188,319 $ 185,216 $ 122,225 $ 170,916 S 198,313 $ 236,815 $ 206,487 S 2,268,228 I I I I I I I I 20Z0-2021 Budget Year Sales Tax $ 171,823 $ 209,374 S 195,335 $ 182,374 $ 220,357 $ 182,195 $ 162,136 $ 284,714 S 239.376 $ 220,192 $ 251,557 S 240,185 $ 2,559,619 Unempl Rate 4.30% 5.90% 5.20% , L I I I I I I I I I I 2021-2022 Budget Year GROSS Sales Tax S 269,696 S 306.290 $ 285,178 S 266,825 S 331,584 $ 238,844 S 225,208 S 315,768 $ 278,912 $ 320,340 S 283,864 $ 294,051 S 3,416,559 Unempl Rate" 4.00% 4.10% 4.10% 4.00% 3.40% 3.40% -L 1 I 2022-2023 Budget Year GROSS I I- 1- I I I 1 I Sales Tax S 298,938 $ 285,200 $ 294,549 I $ 270,624 $ 351,686 S 252,881 $ 257,494 $ 312,781 S 258,965 $ 268,177 $ 333.292 S 270,063 $ 3,454,650 Unempl Rate" 2023-2024 Budget Year Sales Tax $ 4.00% 326,809 I GROSS $ 275,956 I $ 303,699 j $ 295.705 I 3.50% $295.705 $ I 3.40% 392,128 - $ 210,410 I $ +- 556.219 $ 4.1% ~ 302,584 $ - (3.038) $ I ,- -+ 276,053 I $ 363,444 $ 3,595,674 Unempl Rate" 4.30% I I I I I I 2024-2025 Budget Year October November December January February March April May June July August September Sales Tax $ 310,146 $ 307.251 $ 304,639 $ 288,178 $ 429,849 S 262,226 S 261.081 $ 325,248 $ 296,757 S 305,723 $ 298,698 $ 327.312 $ 3,717,107 I I I I I 2025-2026 Budget Year October November December January February March April May June July August September Sales Tax 1$ 293.627 $ 298.643 $ 318,925 $ 319,733 $ 366,02Q - $ 1,596,948 Page 8 of 20  Description Option Expires Amount Owed Approved by TEDC Board On Approved Payment Z023- Payment 2024- Payment 2025- ITEM 5.1. TEDC Commitments Amount 2OZ4 2025 2026 o Projects 1 NFl Job Grant Max (3k+2.5K}*50 jobs 6/3/2027 $ (33,000) Approved 5.5.2022 $ 275,000 $ 154,000.00 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 $675,000 November 2025 $ 870,823 ~ 3 Lone Star/Frez-n-Stor Option Others (permit/env study/soil) November 2025 $77,713 8 acres plat $300 an acre 136,614 sq ft .01 sq ft - fire permit .50 sq ft - building permit $2800 water meter 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 rec;jripnc:p\ 5 CART.com/Goodyear Driveway price lower from $250k to $163K $ 250,000 Approved 9.28.2023 Price $ 250,000 adi at 10.28.2024 Page 9 of 20  6 GH Crane Job grant 6/14/2027 $ 373,750.00 $ 47,406 ITEM 5.1. 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/ $1M 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 Trail. Preformance agreement and MOU do not match. TEDC now owns 4.59 acres at 14891 SH 205 I- GH Crane now owns 11.66 acres on Apache Trail plus 4 acres on Apache Trail 7 Ackerman for Sewer Bruce will approved agreement 3years / 2 yearsJan 20 $ 700,000 Approved 11.27.2023 $ 700,000 8 Ackerman for Turning lane $50k to $100K2025 budget $ 100,000 9 Ackerman for Eng Fee 2024 budget $ 50,000 10 Ackerman (Easement for Mary City is responsible $ - $ - Not presented to board Gavle Prooertv) 11 FM 148 Reclamation Floodplain $ 659,669 board approved 2.16.2024 $ 3,200,000 $ 2,540,331.19 2024 budget 2025, budR.et 13 14 TOTAL OBLIGATIONS 15 $ 2,237,919 $ 1,225,000 $ - .0 $ 2,587,737.56 16 Sales Tax Payable to City 17 2025-2026 Total Sales Tax To $ 1,596,948 Date 18 2024-2025 Total Sales Tax To $ 3,717,107 Date Page 10 of 20  19 2023-2024 Total Sales Tax to $ 3,595,674 ITEM 5.1. 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 $ 21,302,394 Page 11 of 20  ITEM 5.2. 3/17/26,12:06 PM Google Earth File Edit View Add Tools Help ~. Page 12 of 20 Data ii1tt(Jbutjoo https:llearth.google.com/web/search/402+South+Virginia+Street,+Terrell, +TXI@32.73276081,-96.2689181,160.264 17367a,1870.1 0963615d,35Y,Oh,Ot.. . 1/1  ITEM 5.2. 3/17/26, 12:07 PM Google Earth File Edit Add Tools Help I' ~. Page 13 of 20 Google 100% 4l1'O!2025 https:llearth .google.com/web/search/402+South+Virginia+Street,+Terrell,+TXI@32 .73320235,-96 .27412916, 151.42354861 a,601.01299815d,35Y,Oh,Ot. .. 1/1  ITEM 5.2. ENVIRONMENTAL RECONSTRUCTION SERVICES, INC. A Registered and Insured UST Contractor CRPOOOl141 ILP000829 October 7, 2025 Proposal # 22-044-R Raylan Smith City of Terrell Fueling System Removal SCOPE OF WORK 1. Demo concrete and excavation for the removal of three (3) 6,000-gallon underground storage tanks. 2 . Stockpile material on site while waiting for soil sample results. 3. Haul the tanks to tank disposal for proper disposal. 4 . Remove liquid from tank: 8 hrs. Vac Truck! 300 gallons disposal. 5. Obtain necessary soil samples per TCEO. (17 samples are included for this site) 6. Backfill with select fill (not to exceed 80 c.y.). 7. Remove and dispose of product piping and dispensers. o 8. Obtain necessary permits per TCEO and the City of Terrell, TX. 9. Furnish closure report to TCEQ, and owner's representative. , )I Estimated Working Days: 8 Working Days - Estimated Construction Cost: $39,480.10 (no tax included) :i Unit Prices: Extra Soil Samples 1. Water TPH , BTEX, MTBE $286.00 Each 2. TPH , BTWE, MTBE (Soil) $340.00 Each 3. PAH (Soil) $723.80 Each Contaminated Soil Disposal: PO Box 730, Farmersville, TX 75442 (972) 524-2946 Page 14 of 20  ITEM 5.2. ENVIRONMENTAL RECONSTRUCTION SERVICES, INC. A Registered and Insured UST Contractor CRP0001141 ILP000829 1.Load, haul, and dispose of Class I Soil $108.15/ton 2. Load haul and dispose of Class II Soil $80.85/ton Extra Liquid Disposal: 1. Vacuum Truck (4-hour minimum) $217.00/Hour 2. Contaminated water disposal $0.60/Gallon 3. Fuel disposal $1.27/Gallon Extra Select Fill: 1.Fumish & install select fill $45.54/c.y. Extra Mob & Demob to site (If required) $2,006.00 per day PO Box 730, Farmersville, TX 75442 (972) 524-2946 Page 15 of 20 ITEM 5.4. TerrelL AMERICA" Page 16 of 20 ITEM 5.4. Page 17 of 20 ITEM 5.4. Page 18 of 20 ITEM 5.4. Built for Business Aviation Terrell Municipal Airport provides the infrastructure, services, and accessibility corpor~t~lflight departments need for efficient Dallas Ac.ce·ss operati9As ',. J -.-.... '4~ , in the Dallas region. With a business- frien.d!yfehvironment and room to grow, Terrell With8JIl:t ().ffer.s ~~. ~ractical alternative to congested metro .. " .. J. .. an:ports, DaUas Congestio,D Book your reservation Elevated. above Proud CAA Menlbers Page 19 of 20 ITEM 5.4. Page 20 of 20