Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, May 15, 2024 11:30AM  Board Members Present: Marcos Garcia -Vice President Peggy Marie Chavez Yanez- Treasurer Joe Flores - Member Tony Garza - Member Board Members Absent: Fred Gonzalez- President Lou Huerta - Secretary Roel Villanueva - Member 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 City Staff Absent: Others Present: Rudy Salinas-SAS CPA 1.Call Meeting to order  Marcos Garcia called the meeting to order at 11:35AM 2. Discussion and Action: March 20, 2024 Minutes  Joe Flores voted to approve the April 17,2024 Minutes as presented. Seconded by Peggy  Chavez-Yanez. All voted aye.  3. Discussion and Action: April 2024 Financials    Tony Garza voted to approve the April 2024 Financials as presented. Seconded by Joe Flores.  All voted aye. No Action No. Action No. Action  4. Discussion: FY24-25 Draft Budget  5.1 Discussion and Action: Top Gym Sponsorship 6.1 Discussion and Action: Tabled Items  7.1 Executive Session: Section 551.087: Economic development negotiations with Project Kamel, Project STM, Knights, Project ASHTI, Project Arts, Project QSR, Project M30, Project 150, Project M2, Project Cruz, Project M. Carrillo, Project AHSTI, 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 Case No C-4846-19-A, 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 12:08PM The Board went into Open Session at 12:47PM 10. Discussion and Action: item #7 Seconded by Joe Flores. All voted aye  Tony Garza motioned to proceed as discussed in Executive Session with Project Kamel.  Joe Flores motioned toj proceed as discussed inl Executive Session with Project STM and extend the performance agreement for 60 days. Seconded by Joe Flores. All voted aye  11. Adjournment: 12:49PM Fred Gonzalez, President   Joe Flores, Jr., Member  YDs Marcos Garcia, Wice-President  -  Tony Garza, Member    Buny mariw Chas Zny Pelgy Marie Chaver-"anez,reasurer  Roel Villanueva, Member  Lou Huerta, Secretary