MINUTES REGULARJOINT MEETING  HEATH MUNICIPAL, BENEFITS CORPORATION (HMBC) and HEATH ECONOMIC DEVELOPMENT CORPORATION (HEDC)  TUESDAY, APRIL: 16, 2024, 6:00 P.M.  ATTENDING:  JUSTIN SAUNDERS, PRESIDENT SCOTTI DODSON, VICE PRESIDENT CYNTHIA ALLEN JIM CHESTER VICKI WALLACE MIKE: LILINSKAS  BRENTWEAVER, COUNCILLIASON KELSON ELAM, MAYOR/EX OFFICIO  1. President Justin Saunders called the Heath Economic Development Corporation (HEDC) and Heath Municipal Benefits Corporation (HMBC) meeting to order at 5:30 p.m.  2. Public Comment  There were no public comments. 3. Items for Individual Consideration  3.a Discussion and Action Regarding the Minutes ofFebruary 20, 2024, Regular  Meeting. (J.Saunders)  MOTION:  APPROVE THE: MINUTES OF FEBRUARY20, 2024, REGULAR MEETING WITH' THE. AMENDMENT OFTHEI LASTS SENTENCE TOSTATE PRESIDENT SAUNDERS CONFIRMED THE REQUESTED CLAWBACKIS! BASED ONTHE INTEREST RATE COMINGINIOWER THAN ANTICIPATED. PASSED UNANIMOUSLY BYTHOSE PRESENT  MOTION MADE: SECONDED: APPROVED:  DODSON ZILINSKAS  3.b Discussion and Action Regarding Council, Staff and Board Member Reports  There were: no reports.  3.C Presentation, Discussion and Action Regarding Proposed Project and Request for Economic Development. Assistance for Sitei in' The Reserve, the HMBC-Owned  Land. (J.Saunders)  President Saunders provided ai review oft the vision for The Reserve and the Hidden Creek success story. Hei then introduced Agron Dika, al Heath resident and owner/operator ofmultiple successful restaurant concepts including Giovanni's: at the Harborin Rockwall. He grew up in a family of restaurateurs and followed those footsteps himself after a distinguished career in the U.S. Marine Corps. Heath resident Stan Britton assisted Mr. Dika in presenting his proposed project for Lot 4 in' The Reserve: Heath Bar & Grill. Britton clarified that his assistance that night was as ai friend; Mr. Dika  would bei the sole proprietor and investor of this business.  April 16, 2024- - Heath Economic Development & Municipal Benefits Corporation- - Minutes  Page 1of2    The concept reflects an upscale, Cowboy rustic/chic design theme. The interior would be approximately Mr. Dika's requested economic development assistance request included a 5-year ground lease oft the land with the first right of refusal to purchase Lot 4 by 20291 for $474,000 based upon market comparables of $8 per sf. The: request also included the abatement of City permit fees estimated at $17,920 and the EDC's assistance inj paying up to $15,000 impact fees, and a 10-year abatement of Ad The overriding goals oft thej project are toj provide an establishment that upholds the vision ofThe Reserve; offers upscale cuisine and exceptional service; provides al local place to gather that is integrated into thet trail system; and tol be a community partner with city synergy. The Board had questions about thej project including parking, the lot choice and some oft the requested  5,000 square feet with; 3,000 square feet of outdoor space.  Valorum taxes on improvements.  terms, but were unanimous in support oft the concept.  4.  EXECUTIVE SESSION  President Saunders convened the Executive Session at 6:31 p.m.  5. Reconvene into Open Session discussed in Executive Session.  President Saunders Reconvened into Regular Session at' 7:20 p.m. to consider action, ifany, on matters  MOTION:  MOTIONTO. APPROVE THATTHE HEATH MUNICIPAL BENEFITS CORPORATION OF' THE CITY OF HEATH, TEXAS, DECLARES THEI DEVELOPMENT OF. Al RESTAURANT FACILITYON. APPROXIMATELY 1.36. ACRES OFI LAND, DESCRIBED AS LOT 4, IN' THE CITY OF HEATH & HEATH MUNICIPAL BENEFITS CORPORATION ADDITION, ASA QUALIFIED PROJECT FOR THE USE OF PUBLIC PARTICIPATION FUNDS BY' THE CITY OF HEATH AND THE HEATH MUNICIPAL, BENEFITS CORPORATION ADDITION FOR' THE PURPOSE OF SPONSORING AN ECONOMIC. AND COMMUNITYDEVELOPMENT BENEFIT' THATWILL: SERVE THE CITYOFI HEATH. AND DIRECT STAFF TO CONTINUETO WORK WITH THE PROSPECT ON' THE PROPOSED PROJECT.  MOTION MADE: SECONDED: APPROVED: 6. Adjourn  ZILANSKAS WEAVER  PASSED UNANIMOUSLYBYTHOSE PRESENT  At 7:22 p.m., President Saunders adjourned the meeting.  APPROVED:  PRESIDENT  SUZANNE BROOKE BOARDLIAISON  b  April 16, 2024- -1 Heath Economic Development & Municipal Benefits Corporation- - Minutes  Page 2of2