BUDA Economic Development Corporation MEETING MINUTES August 12, 2024  CALLTOORDER ROLL CALL  President Celeste Medulla called the meeting to order at 6:04 pm. Aq quorum was achieved with thef following board members present:  President Celeste Medulla Vice President Jim Niemie Secretary/reasurer Betsy Urban Board Member Evan Ture Board Member Julial Davis - absent Board Member Matt Smith Board Member Megan Brown  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 Attomey Josh Brockman Weber. ITEMS OF COMMUNITY INTEREST  NONE NONE PUBLIC HEARING  PUBLIC COMMENTSPUBLIC TESTIMONY  5.1L Large Incentive: Financial incentive with thet following businesses in exchange for 1. Project infinite Loop: Opened public hearing at 6:05 pm; seeing none. Closed at 6:06 pm.  performance obligations tot the EDC.  CONSENT AGENDA PUBLICTESTIMON, 6.1 Approval of the June 2024 Financial Report.  6.2 Approval of the June 2024: and Quarterly Meeder Investment Report. 6.3 Approval of the. July 15, 2024, Regular Board Meeting Minutes.    Motion, to approve the Consent Agenda, as presented, was by Member Matt Smit and seconded  by Member Jim Niemie. Motion carried unanimously. GENERAL. AGENDA ITEMS  7.1 Approval of the Future Land Improvement Project (FLIP) Program to expand the Background information on thel FLIP program was provided by Jennifer Storm, Bude EDCCEO. Initial program was narrowly focused on Austin Street. Recommending expansion of the program to all of downtown and open it up to any property owner willing to make the zoning change from commercial to' business. Projects would continue to be presented toi thel Budal EDC board for final approval. Evan Ture asked about the potential total of properties who could participate in the program. Jennifer Storm responded it could be 50-601 total however the budget remains unchanged for this program. Matt Smith asked about extending this program to Railroad Street; Jennifer Storm responded that it can always be expanded or applications from Railroad Street can be brought separately to the board for consideration. Again, this isa a reimbursement- Motion, to approve was made by Member Evan' Ture and seconded by Member Matt Smith. 7.2 Approval of the changes to the Small Business Incentive Program for the fiscal year 2024-2025 including program guidelines and changing the program name to Local Background information was provided by Jacquie Martinez reviewing the highlighted changes to the program that are proposed for the upcoming year. Celeste Medulla questioned the change to the marketing incentive. Jennifer Storm stated that this choice to make the marketing reimbursement cap at $3,000 per business per fiscal year will mirror what Destination Services is offering for next year. We will work with) Destination Services to ensure no "double dipping". Megan Brown asked about reasoning why the public disaster and emergency category will be removed. Jennifer Storm responded that it was removed as there were no incentive requests of this type this year. It was also a confusing category as many businesses applied for things like their pipes bursting and building flooding instead of public disastersemergencies as intended. There is also a contingency item int the budget to provide the seed money to act quickly should the need arise for a widespread public disaster. Evan Ture recommended the exit survey include a request forb beforelafter photos and results of projects funded. Discussion was had regarding marketing being more valuable ifiti is aimed at drawing! business outside of! Budat to us and thusa potential increase in the $3,000 maximum might be considered on a case-by-case basis. Clarification was discussed regarding software to ensure that the fund does not include basic business software such as licensing fees for Microsoft, Outlook, Quickbooks or similar items. An example provided ini this category was that of an embroidery company looking to purchase Motion, to approve was made by Member Jim Niemie and seconded by Member Betsy Urban.  project area to all properties in downtown Buda.  based program with no upfront payments Motion carried unanimously.  Enterprise Assistance Program (LEAP).  software to bring design in house. Motion carried unanimously.    EXECUTIVE SESSION  At 6:56p pm, members convened in executive session pursuant to the Texas Government Code, 8.1 Gov't Code Sec. 551.071 -Legal consultation with general counsel on an issue in which the 1. Legal and obligations oft thel Budal EDC undera a Collateral Access Agreement with Buda 2. Legal rights and obligations of the Budal EDC under performance agreements with the  Chapter 551, to deliberate the following:  state's professional rules conflict with Gov't Code Sec. 551 regarding:  Mill and Grain Co. following businesses: a. Tap In b. Steve Ogden Robertson Land Development d. Buda Mill and Grain  8.2 Gov't Code Sec. 551.087- Deliberation regarding economic development negotiations with  the following projects: Forward Motion Husky InfiniteL Loop Nest Operation Racfit San Antonio Sprinter Windchime RECONVENE  At 8:13 pm, open session was reconvened, and the following actions were taken:  No action. Direction to: staff. STAFF REPORT  (I) CEO Report was presented by. Jennifer Storm reviewing EDC activities of the last month. An update on 307 San Marcos reviewed construction projects for renovations. It was clarified that the conversion of the shed was too expensive to include in the initial project. Interior changes should account for all needed space tol begin with. The shed willl be demolished, and any reconstruction will be considered in future updates ifneeded. Additionally, a staffing update was provided ont the Economic Specialist position and the addition of aj part-time marketing/events  person that willl be contracted out of existing budget allocations.    (2) Staff Report on monthly Buda EDC marketing activities was presented by Sarah Hill. Highlights of monthly marketing activities included advertising of BEE market, Texas Monthly ad, culture map article with the goal of boosting business especially for our downtown retailers (3) Staff Report on monthly business retention and expansion (BRE) activities was presented by Update included 7BRE visits; attending SEDC annual conference in Savannah; Main Street advisory board, Chamber of Commerce luncheon, and IEDC online course towards Entrepreneurship Development Professional certification. Jennifer Storm also added praise as Jacquie has had 581 BRE visits this year so fara and consistently is at the top of the region for this (4) Staff Report on monthly commercial development activities None provided.  and restaurants. Jacquie Martinez.  metric.  FUTURE AGENDA ITEMS None. ADJOURNMENT 8:35pm.  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 (f applicable).  ATTEST:  Bhsses Celeste Medulla, President  TAskAyLLOan Betsy Urban, Secrelary/Treasurer