BUDA Economic Development Corporation MEETING MINUTES June 10, 2024  CALLTOORDER ROLLCALL  CEO. Jennifer Storm called the meeting to order at 5:38pm.  A quorum was achieved with the following board members present: Secretary/Treasurer Betsy Urban -absent but excused  Acting President Vacant Director Julia Davis yes Director Celeste Medulla yes Director Jim Niemie yes Director Evan Ture absent but excused Director Joshua Edmond yes  Buda EDC Staffi in attendance included CEO Jennifer Storm, Assistant Director Shannon Mumley, Business Engagement Manager Jacqueline Martinez, Sr. Administrative Associate  Shannon Cameron, and EDC Attorney Josh Brockman Weber.  ITEMS OF COMMUNITY INTEREST  CEO Jennifer Storm recognized outgoing Board President Monica Davidson and Board Member Josh Edmond for their service on the Board of Directors. Plaques were presented to each member along with photos taken. Josh will continue to serve until a new member is named by the City Council prior to the July 15, 2024, meeting. Monica resigned on May 31, 2024, to avoid a conflict of interest due to becoming Executive Director oft the Buda Chamber of Commerce. A presentation on the Buda EDC Strategic Plan was provided by Civic Solutions beginning at 5:42pm. Dialogue, updates, and discussion on their progress to date and findings thus far in the  PRESENTATION  process were provided. The presentation ended at 6:39pm. FUBLICCOMMENISFUBLICTISTIMONI No public testimony was provided.    PUBLICI HEARING  6.1 Buda Brand Incentive: Opened public hearing at 6:40 pm; seeing none. Closed at 6:40pm. 6.2 Budget reallocation: $250K Project Land: Opened public hearing at 6:40 pm; seeing none. 6.3 Large Incentive Project Forward Motion - $600k: Opened public hearing at 6:40pm; seeing 6.4 Large Incentive Project Smoke $200k: Opened public hearing at 6:41pm; seeing none. 6.5 Large Incentive Project Windchime $50k: Opened public hearing at 6:41pm; seeing none.  Closed at 6:40 pm. none. Closed at 6:41pm. Closed at 6:41pm Closed at 6:41pm  CONSENT AGENDA PUBLICIISTIMONA 7.1 Approval of the April 2024 Financial Report. 7.2. Approval of the April 2024 Meeder Investments. 7.3 Approval of thel May 13,2024, Regular Boad Meeting Minutes. 7.4 Approval of future Regular Board Meeting dates through December 2025. Motion, to approve the Consent Agenda, as presented, was by Member Josh Edmonds and  seconded by Member Julia Davis. Motion carried unanimously.  GENERALAGENDA ITEMS  8.1 Incubators: Presentation, discussion and direction given to staffrelated to creation and support of business accelerators and incubators in Buda to foster economic growth and Assistant Director Shannon Mumley, along with Matt Patton and staff of Angelou Economics, provided an overviewand background information ofIncubators VS. Accelerators. A general discussion was held regarding how these best fit in Buda and the vision the Board 8.2 Approval of a resolution appointing new officers to the Board of Directors along with approval ofa resolution appointing directors to various board committees. CEO Jennifer Storm reviewed the suggestions provided by the Nominating Committee comprised ofl Evan Ture, Julia Davis, and Jim Niemie as included in the board agenda packet  development.  has for the community. Direction to staff was provided for next steps.  page 85. The officer slate presented was as follows:  President Celeste Medulla Vice President Jim Niemie Secretary/Ireasurer Betsy Urban    Motion, to approve slate, Celeste Medulla as President, Jim Niemi as Vice President and Besty Urban as Treasurer/ecretary was made by Member Josh Edmonds and seconded by  Member Julia Davis. Motion carried unanimously. Committee Assignments proposed are as follows: Small incentive committee: Jim Niemie, Julia Davis, Betsy Urban Incentive Task Force: Celeste Medulla, Jim Niemie, Land Committee: Evan Ture, Celeste Medulla, Julial Davis Finance Committee: Executive Committee GSMP Board Member: CEO, Jennifer Storm  Motion to approve, slate as presented, as presented, was made by Member Jim Niemie and 8.3 Approval of a performance agreement and Buda Brand Incentive for Tiny House Assistant Director Shannon Mumley provided background on the proposed Buda Brand Incentive and reviewed the changes in the packaging and financial information of the Motion, to approve performance agreement with Tiny House Roasters, as presented, was made by Member Celeste Medulla and seconded by Member Josh Edmonds. Motion carried  seconded by Member Josh Edmonds. Motion carried unanimously.  Roasters up to $10,000.  program with relation to Tiny House Roasters.  unanimously. EXECUTIVE SESSION  At t7:47pm, Members convened in executive session pursuant to the Texas Government Code,  Chapter 551, to deliberate the following:  9.1 Gov'tCode Sec. 551.072- Deliberation regarding real property - Project Land 9.2 Gov't Code Sec. 551.087- Deliberation regarding economic development negotiations: Project Forward Motion, Project Husky, Buda Mill and Grain, Project  Windchime, Project Smoke  RECONVENE  At 10:00pm, open session was reconvened, and the following actions were taken: 10.1 Approval to authorize the President to sign an amendment to the purchase agreement for Project Land, extending the option period and paying any necessary fees. Motion, to approve as presented, was made by Member Josh Edmonds and seconded by Member  Julia Davis. Motion carried unanimously.    10.2 Approval ofa budget reallocation authorizing expenditures up to $200,000 for Project Motion, to approve as presented, was made by Member Josh Edmonds and seconded by Member 10.3 Approval of an amendment for the 2022 Buda Mill and Grain Performance Agreement of $228,000, with additional incentives up to $200k (Project Smoke). Motion, to approve as presented, was made by Member Celeste Medulla and seconded by 10.4 Approval of financial incentives and a performance agreement in an amount up to Motion, to approve as presented, was made by Member Josh Edmonds and seconded by Member 10.5 Discussion and possible action to authorize an agreement in principle with Project  Land renovations.  Julia Davis. Motion carried unanimously.  Member Julia Davis. Motion carried unanimously.  $600,000 with Futronic USA Inc. (Project Forward Motion).  Julia Davis. Motion carried unanimously.  Smoke up to $200k.  Notes: No action taken as it was related to item 10.3 and already approved.  10.6 Approval of an agreement in principle in an amount up to $50,000 with Project Motion to approve as presented was made by Member Josh Edmonds and seconded by Member  Windchime.  Julia Davis. Motion carried unanimously.  STAFF REPORT 11.1 Executive Direct Report Old School Meetings 400 Update Civic Sol Update 11.2 Assistant Director Report  Founders Meet Up and Happy Hour 6.13.24 Entrepreneur Camp Site Selector Conference BRE Activity Marketing FUTURE AGENDA ITEMS  None.    ADJOURNMENT 10:15pm.  There being no further business, the meeting was adjourned by President Celeste Medulla at  1, the undersigned authority, hereby certify that this meeting's minutes consist of the preceding Minute Record and the Supplemental Minute Record (ifapplicable).  ATTEST:  latbhsile Celeste Medulla, President  Betsy Urban, Secretary/Ireasurer