/DA  BENBROOK ECONOMIC DEVELOPMENT CORPORATION  REGULAR BOARD MEETING MINUTES MONDAY, AUGUST 19,2024 911 WINSCOTT ROAD, BENBROOK, TEXAS  WORK SESSION: The Benbrook Economic Development Corporation (BEDC) Board of Directors met at 6:30 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 6:45 p.m.  Board Members in Attendance: Gary A. Lindsay Dr. Danyelle Ackall Kristen Melton Thomas Casey Kent Williams Phyllis Harkins Omar P. Aguilar  Place 1 Place 2, BEDC Secretary Place3 Place 4, BEDC Vice President Place 5, BEDC President Place 6 Place 7  Board Members Not in Attendance:  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 INTO THE COUNCIL CHAMBERS  CALLTOORDER  The BEDC Regular Board Meeting was called to order at 7:00 p.m. on Monday, August 19, 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. July 15, 2024, Regular Board Meeting Minutes.  Mr. Casey made at motion to approve the. July 15,2024, Regular Board Meeting Minutes  as presented.  Ms. Melton seconded the motion. The motion passed; 7-0.  BEDC Regular Board Meeting Minutes August 19, 2024/Page lof3    /Dh  IV. DIRECTOR'S REPORT  Receive Monthly Financial Report for Period Ending July 31,2024.  Presentation Highlights: Liquid assets as ofJ July 31, 2024 Checking account: $5,430,904.15 Checking account interest earned: $13,546.47 TexPool account: $4,013,409.66 TexPool account interest earned: $13,409.66 Total liquid assets: $9,444,313.81 Total revenue for. July 2024: $199,353.48 This amount includes: Sales tax revenue for. July 2024: $171,612.61 Interest earned on account: $26,956.13 BKV North Texas, LLC: $784.74  Encumbered Funds as of. July 31, ,2024: $6,434,880.69 This amount includes:  Total current and pending projects: $6,381,255.75 Total operating expenses for. June 2024: $53,624.94 Fund balance as ofJ July 31,2024: $3,009,433.12  V. EXECUTIVE SESSION  Thel Board convened into Executive Session at approximately 7:05 p.m. to discuss the items  below.  Pursuant to the Texas Open Meetings Act:  A. Section 551.072- 1 Deliberations Regarding Real Property.  Deliberate the purchase, exchange, lease, or value of real property, as deliberation in an open session would have a detrimental effect on the position of governmental body negotiations with a third DISCUSS PROPERTY LOCATED AT 9353 & 9445 BENBROOK BLVD. B. Section 551.087 - Deliberation Regarding Economic Development Negotiations. (2) Deliberate the offer ofa financial or other incentive to al business prospect described by Subdivision (1).  person.  DISCUSS MAD BENBROOK, LLC'S INCENTIVE.  VI. RECONVENE INTO OPEN SESSION  Thel BEDC Board reconvened into open session at 7:22 p.m.  VII. TAKE ANY NECESSARY OR APPROPRIATE ACTION AS A RESULT OF CLOSED  EXECUTIVE SESSION No action necessary.  BEDC Regular Board Meeting Minutes August 19, 2024 |Page 2of3    AbA  VIII. ADJOURNMENT  The meeting adjourned at approximately 7:22 p.m.  APPROVED:  KtoD KENT WILLIAMS PRESIDENT ATTEST:  DBAMITTFACKALL SECRETARY  06  BEDCI Regular Board Meeting Minutes] August 19,2024] Page3 3of3