Development Corporation ofl Mercedes, Inc. Regular Called Meeting Wednesday, April. 17, 202411:30AM  Board Members Present: Fred Gonzalez- President Marcos Garcia -Vice President Lou Huerta - Secretary Roel Villanueva - Member (Virtually) Joe Flores - Member Tony Garza - Member Board Members Absent: Peggy Marie Chavez Yanez- Treasurer EDC Staff Present: Melissa Ramirez - Executive Director Zefra Mascorro - Administrative Coordinator Mario Salinas - Marketing Specialist Mark Sossi - DCM Attorney EDC Staff. Absent: City Staff Present: Alberto Perez- City Manager Javier Ramirez- Assistant City Manager City Staff Absent: Others Present: 1.Calll Meeting to order  Fred Gonzalez called the meeting to order at 11:30AM 2. Discussion and Action: March 20, 2024 Minutes  Tony Garza voted to approve the March 20, 2024 Minutes as presented. Seconded by Marcos  Garcia. All voted aye.  3. Discussion and Action: March 2024 Financials    Mr. Alberto. Perez entered the Open Session Meeting at 11:36AM Mr. Javier Ramirez entered the Open Session Meeting at 11:36AM  Joe Flores voted to approve the March 2024 Financials as presented. Seconded by Marcos  Garcia. All voted aye.  4. Discussion and Action: Election of Officers  Marcos Garcia voted to reappoint officers as is. Seconded by Lou Huerta. Tony Garza, Roel  Villanueva, Fred Gonzalez voted aye. Joe Flores voted nay. 5. Discussion and Action: Signage Grant Bid  Joe Flores motioned to award the Signage Grant contract to EZ: signs and have the DCM's legal counsel draft a contract that stipulates that the DCM can end their agreement if services are not  completed on time. Seconded by Marcos Garcia. All voted aye. 6. Discussion and Action: Signage Grant, Pena  Marcos Garcia motioned to approve the signage quote for Easy Learning Preschoolers 2 from EZ signs for $4,330.00 inclusive oft taxes with editing oft their logo by DCM Marketing Specialist  Mario Salinas. Seconded by Joe Flores. All voted aye. 7. Discussion and Action: Little Nashville Sponsorship  Marcos Garcia motioned to authorize Melissa Ramirez, Executive Director to allocate $30,000 in the draft budget to Sponsor Little Nashville. Seconded by Joe Flores. All voted aye.  8. Discussion and Action: Tabled Items  No Action  9. Executive Session: Section 551.087: Economic development negotiations with Project R. Garza, Project Knights, Project STM, Project ASHTI, Project Arts, Project QSR, Project M30, Project 150, Project M2, Project Cruz, Project M. Carrillo, Project Bert Ogden, Project A. Garcia, Project RGVLS, Project Mercedes Light Industrial Park, Project G. Schwarz, Project Coffee, Project Carwash, Project Rios, Project UT, Section 551.071: pending legal issues with delinquent loans and on any regular agenda item requiring confidential, attorney-client advice necessitated by the deliberation or discussion of said  item as needed.  The Board went into. Executive Session at 11:53AM Mr. Alberto Perez exited the Executive Session at 12:37PM    The Board went into Open Session at 12:51PM 10. Discussion and Action: item #9 Seconded by Joe Flores. All voted aye 11.Adjourpment 12:52PM 76  Tony Garza motioned to proceed as discussed in Executive Session with Project Bert Ogden.    Fred  Joe Flores, Jr., Member  Marcos Garcia, Vice-President M  -  1  Peggy Marie Chavez-Yanez, Treasurer  Roél Villanueva, Member  M  Cehet