STATE OF TEXAS COUNTY OF ORANGE  ) )  September 10, 2024  ETREMCPEERNDTATe meeting oft the Orange Economic Development Corporation of the City of Orange, Orange County, Texas, was held in the City Council Chambers (Library  Auditorium) on Tuesday, September 10, 2024.  EDC MEMBERS PRESENT:  Jason Rodrigue Brad Childs Paul Burch Larry Spears Jr. Margaret Hope-Adams George Mortimer Tramena Horn Mary McKenna Caroline Hennigan Matt Chandler Terrie T. Salter Michael Kunst Jay Trahan Patricia Anderson Jennifer Pool Cheryl Zeto Mike Zeto Lane Martin Adam Jack Hillary Gravett  President Vice-President Secretary (arrived at 8:05 a.m.) Director Director Treasurer Director Council Member Council Member Council Member Council Member City Manager Assistant City Manager, Director of Economic Development City Secretary Deputy City Secretary Director of Finance CIS Manager Chief of Police Director of Public Works Assistant EDC Director  EDC MEMBERS ABSENT: COUNCIL MEMBERS PRESENT: COUNCIL MEMBERS ABSENT: STAFF MEMBERS PRESENT:  STAFF MEMBERS ABSENT:  President Rodrigue called the meeting to order at 8:00 a.m.  MOTION FINDING THAT THE ADVANCE POSTING AND NOTICE REQUIREMENTS OF ARTICLE 8.1200 OF THE CODE OF ORDINANCES OF THE CITY OF ORANGE, TEXAS HAVE BEEN METI INRELATIONTOALL MINUTES. ANDI PENDING RESOLUTIONS ONTHIS AGENDA AND THAT THE READING OF SUCH ITEMS BE CONFINED TO THE CAPTION OF THE Secretary Burch movedi to approve ther motion. Secondi tot themotionwas made by! Director Spears,  RESOLUTIONS.  which carried unanimously.    Orange Economic Development Corporation 2  September 10, 2024  CITIZEN COMMENTS There were no citizen comments. APPROVAL OF MINUTES carried unanimously. DISCUSSIONACTION  Vice-President Childs moved to approve the minutes of the August 13, 2024 Orange Economic Development Corporation Meeting. Second to the motion was made by Director Adams, which  MOTION ACKNOWLEDGING RECEIPT OF THE ORANGE ECONOMIC DEVELOPMENT Ms. Zeto advised the Corporation's Fiscal Year 2025 Budget is similar to last year's. She advised  CORPORATION'S PROPOSED BUDGET FOR FISCAL YEAR 2025.  of the following:  Sales Tax Revenue budgeted conservatively; same amount as FY2 2024  COLA-1 two percent increase for two employees Advertising expense was reduced Equipment expense was reduced  Director Adams inquired as to last year's operating budget. Ms. Zeto advised revenue was $2.5 Director Adams moved to approve the motion. Secondi tot ther motion was madel by! Director Spears,  million and the detailed comparison was included in the agenda.  which carried unanimously. Secretary Burch arrived to the meeting.  MOTION TO APPROVE AN EDC INFRASTRUCTURE GRANT AGREEMENT WITH DUGOOD CREDITUNION, 8SHIOEASTORANCE, TEXAS77630F0RELIGIBLE INFRASTRUCTURE IMPROVEMENTS IN AN AMOUNT NOT TO EXCEED $150,000 FOR THE PURPOSE OF Mr. Trahan gave a brief review of the project. President Rodrigue advised the project is coming Vice-President Childs moved to approve the motion. Second to the motion was made by Director  ECONOMIC DEVELOPMENT.  along nicely.  Adams, which carried unanimously. REPORTS FROM DIRECTORS  Director Spears extended thanks to Mr. Trahan and Ms. Zeto for theirv work on thel Fiscal Year 2025 EDC Budget. He advised there are: some bumps ahead but we will gett through it andi is excited for  what the future holds.    Orange Economic Development Corporation 3  September 10, 2024  Vice-President Childs advised hel has received severali inquiries regarding properties located! North  of Interstate 10 and those inquiries have been directed to Mr. Trahan.  ADJOURN TO CLOSED EXECUTIVE SESSION  7. a) Deliberation Regarding Economic Development Negotiations as authorized by  Section 551 of the Texas Government Code:  (1) Deliberation regarding real estate development project proposal as authorizedby: Seclons5i.087etmeTonas Government Code-International (2) Deliberation regarding economic development as authorized by Section  Paper.  551.087 of the Texas Government Code.  The Economic Development Corporation met in a closed executive session at 8:08 a.m.  RECONVENE IN OPEN SESSION  The Economic Development Corporation reconvened in open session at 8:39 a.m.  There was no action taken for Items 7a (1) and7a(2).  ADJOURMMENT  There being no further business before the Corporation, Secretary Burch moved to adjourn the meeting. Second to the motion was made by Director Adams, which carried unanimously.  The meeting adjourned at 8:40 a.m.  h  f Rogmgié,President  PalIE BurchSecretary bbe