bh  BENBROOK ECONOMIC DEVELOPMENT CORPORATION  REGULAR BOARD MEETING MINUTES MONDAY, MAY20, 2024 911 WINSCOTT ROAD, BENBROOK, TEXAS  WORK SESSION: The Benbrook Economic Development Corporation (BEDC) Board of Directors met at 6:33 p.m. to discuss the agenda items and review staff updates. The Work Session was held in the Benbrook City Hall Central Conference Room. The Work Session recessed at 6:59 p.m.  Board Members in Attendance: Gary A. Lindsay Kristen Melton Thomas Casey Kent Williams Phyllis Harkins Omar P.Aguilar  Place 1 Place 3 Place 4, BEDC Vice President Place 5, BEDC President Place 6 Place 7  Board Members Not in Attendance: Dr. Danyelle Ackall  Place2 2, BEDC Secretary  Staff Present: Jessica James, Director of Economic Development and Marketing; Breanna Bowen, Manager of Economic Development and Marketing, and. Jim Hinderaker, Assistant City Manager REGULAR SESSION - CONVENED INTOTHE COUNCIL CHAMBERS  CALLTO ORDER  The BEDC Regular Board Meeting was called to order at 7:00 p.m. on Monday, May 20, 2024, in the Benbrook City Hall Council Chambers, located at 911 Winscott Road, Benbrook, Texas. President Williams opened the Citizen's Public Forum to allow citizens to comment on any  II. CITIZEN'S PUBLIC FORUM  agenda item. There were no citizen comments.  III. ACTION ITEMS  A. Approve the April 15, 2024, Regular Board Meeting Minutes.  Mr. Aguilar made: ai motion to approve the April 15, 2024, Regular Board Meeting  Minutes as presented.  Ms. Melton seconded the motion. The motion passed; 6-0.  BEDC Regular Board Meeting Minutes] May 20, 20241Pagelofs    Benbrook /EDQ  IV. DIRECTOR'S REPORT  Receive Monthly Financial Report for Period Ending April 30, 2024.  Presentation Highlights: Liquid assets as of April 30, 2024 Checking account: $8,978,329.37 Checking account interest earned: $13,772.63 Total liquid assets: $8,978,329.37 Total revenue for April 2024: $181,538.54" This amount includes: Sales tax revenue for April 2024: $166,464.61 Interest earned on account: $13,772.63 BKV North' Texas, LLC: $1,301.30 Total current and pending projects: $6,680,200.00 Total operating expenses for April 2024: $31,137.33 Fund balance as of April 30, 2024: $2,266,992.04  Encumbered Funds as of April 30, 2024: $6,711,337.33 This amount includes:  V. EXECUTIVE SESSION  Thel Board convened intol Executive Session at approximately 7:06 p.m. to discuss the items  below.  Pursuant to the Texas Open Meetings Act:  A. Section 551.072 - Deliberations Regarding Real Property.  Deliberate the purchase, exchange, lease, or value ofr real property, as deliberation in an open session would have a detrimental effect on the position ofg governmental body negotiations with a third DISCUSS PROPERTY LOCATED AT 9353 & 9445 BENBROOK BLVD.  person.  VI. RECONVENE INTO OPEN SESSION  The BEDC Board reconvened into open session at 7:20p p.m.  VII. TAKE. ANY NECESSARY OR. APPROPRIATE ACTION AS Al RESULT OF CLOSED  EXECUTIVE SESSION No action necessary. VIII. ADJOURNMENT  The meeting adjourned at approximately 7:20 p.m.  BEDC Regular Board Meeting Minutes] May 20,2 2024/Page2of3    Benbrook EDQ  APPROVED:  KENT WILLIAMS ALIL PRESIDENT AITEST:A DE-TANYEDLEACKXEE ADAQ SECRETARY  BEDCI Regular Board! Meeting Minutes May2 20, 2024/Page3of3