STATE OF TEXAS COUNTY OF BURNET  0 0  On this the 16th day of. July 2024, the Burnet Economic Development Corporation ofthe City of Burnet convened in Regular Session, at 3:01 p.m., at the Burnet City Council Chambers, 2402 S. Water Street, Burnet, with the Board Members: Cary Johnson, David Vaughn, Philip Thurman, Ricky Langley, Brad Zehner, Keith McBurnett  following members present, to-wit:  Guests: Brandon Krause, Thomas West, Angie Beyer  CALL TOORDER: The meeting was called to order by Board President Cary Johnson at 3:01  and p.m. quorum  was established. CONSENT AGENDA: ACTIONITEMS:  Approval ofthe June 18,2024. BEDC Regular) Meeting minutes: Board Member Ricky Langley moved to the consent agenda as presented. Board Member Brad Zehner seconded. The motion carried unanimously. approve Discuss and consider action: Related to the potential sale of all or portions of the Crossings at 281South Commercial Park: Thomas West, a representative from the Sonic franchise, spoke to the board about relocation for the local Sonic restaurant. The current location is on Highway 29, and Mr. West feels that aj al possible location on Highway 281 would generate better visibility and therefore, improve profits. The board reported to West that further discussion needed to occur amongst the board. Board. Member David Vaughn updated all present Mr. that the veterinary clinic is also still interested inj property within the Crossings at 281. No action was taken. Discuss and consider action: Related to the sale ofall or portions of the Eastside Commercial Park located on Discuss and consider action: Related to the potential sale of all or portions of 118 E. Polk Street (Old Bealls Building) and 1021 E. Polk Street (Kroeger Strip Center): Board Member David Vaughn reported that at this time, Discuss and consider action: Related to the Coke Street Re-Alignment Project: Board Member David Vaughn reported to the board that discussions are still ongoing with the sheriff's office, but there has not been too much Discuss and consider action: Wedding Oak Winery Building and Lease Agreement: Board Member David Vaughn suggested the possibility of putting the building up for sale. The board discussed options, and it was determined that Mr. Vaughn and Vice President Thurman will do some detailed research and return to the board Discuss and consider action: Related to the findings ofthe Burnet Community Coalition: Maria Gonzales updated all present on the third concert of the summer, the Bellamy Brothers. Despite the rain, this was one oft the crowds. Mrs. Gonzales also reported that the Coalition has discussed adding a couple of additional concerts largest next summer. Vice President Philip Thurman reported that the Coalition will make use of AI data to determine what types ofadditional concerts would bet the best fit based on the concert audience demographics. Mr. Vaughn shared with the board the possibility of several local entities purchasing a stage. The stage would be shared among the Discuss and consider action: Request for assistance with revitalization of101 and 127E.J Jackson Street: Brandon Krause, discussed his future plans with the board. Mr. Krause discussed his anticipated costs and stated that in the near future, he would like the board to consider offering some financial assistance. No action taken. Discuss and consider action: Fiscal Year 2024/25 Operating and Capital Budgets: Board Member David Vaughn reported that the corporation currently has a $2 million debt capacity. No action was taken. The Board of] Directors ofthe Burnet Economic Development Corporation shall convene in executive session 4.1) Pursuant to Section 551.072 Texas Government Code deliberate the purchase, exchange, lease, or value to: of real property in order to minimize the detrimental effect ofs such discussion in open session on the position oft the Board in negotiations with third parties for property located at 236 South Main St.. Burnet: ADJOURN: There being no further business a motion to adjourn was made by Vice President 4:54 p.m., seconded by Board Member Brad Zehner. The motion carried unanimously.  Highway 29 East: No updates given. No action taken. there are no updates. No action was taken. progress on the project. No action taken.  with more details. No action taken.  groups and at times, even loaned to some local organizations. No action taken.  CONVENETOI EXECUTIVE SESSION: None.  REQUESTS FROM BEDC FOR FUTURE REPORTS: None.  D. Vaughn Thurman at  Philip    ATTEST:  1 A  S Maris-Gonzales, City Secretary  Cays lohnson, President  BurbetEconomic Development Corporation