/ba  BENBROOK ECONOMIC DEVELOPMENT CORPORATION  REGULAR BOARD MEETING MINUTES MONDAY, SEPTEMBER 16, 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 6:39 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 Sccretary Place 3 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  I. CALLTOORDER  The BEDC Regular Board Meeting was called to order at 7:00 p.m. on Monday, September 16, 2024, in the Benbrook City Hall Council Chambers, located at 911 Winscott Road, Benbrook,  Texas.  II. CITIZEN'S PUBLIC FORUM  President Williams opened the Citizen's Public Forum to allow citizens to comment on any  agenda item. There were no citizen comments.  III. ACTION ITEMS  A. Approve the August 19, 2024, Regular Board Meeting Minutes.  Ms. Harkins made ai motion to approve the August 19,2024, Regular Board Meeting  Minutes as presented.  Mr. Casey seconded the motion. The motion passed; 7-0.  BEDC Regular Board! Mecting Minutes September 16, 20241 Page lof3    /bh  IV. DIRECTORSREPOKT  Receive Monthly Financial Report for Period Ending August 31, 2024.  Presentation Highlights:  Liquid assets as of August 31,2024 Checking account: $2,181,767.49 Checking account interest earned: $7,005.39 TexPool account: $4,031,467.65 TexPool account interest earned: $18,057.99 Total liquid assets: $6,213,235.14 Total revenue for August 2024: $221,650.36 This amount includes: Sales tax revenue for August 2024: $195,711.38 Interest earned on: account: $25,063.38 BKV North Texas, LLC: $875.60  Encumbered Funds as of August 31,2024: $3,256,515.31 This amount includes:  Total current and pending projects: $3,219,644.87 Total operating expenses for August 2024: $36,870.44 Fund balance as of August 31, 2024: $2,956,719.83  V. EXECUTIVE SESSION  The Board convened into Executive Session at approximately 7:05 p.m. to discuss the items  below.  Pursuant to the Texas Open Mectings Act:  A. Section 551.072 - Dcliberations Regarding Real Property.  Deliberate the purchase, exchange, lease, or value ofreal property, as deliberation in an open session would have a detrimental effect on the position ofg governmental body negotiations with a third  person.  DISCUSS PROPERTY LOCATED AT 9353 BENBROOK BLVD. DISCUSS PROPERTY LOCATED. AT 610 WINSCOTT(N.W. WINSCOTT). B. Section 551.087 Deliberation Regarding Economic Development Negotiations. (2) Deliberate the offer ofa financial or other incentive to a business prospect described by Subdivision (1).  DISCUSS MAD BENBROOK, LLC'S INCENTIVE.  VI. RECONVENE INTO OPEN SESSION  The BEDC Board reconvened into open session at 7:42 p.m.  BEDC Regular Board! Meeting Minutes September 16, 2024/Page 2of3    /Dh  VII. TAKE. ANY NECESSARY OR APPROPRIATE. ACTION AS A RESULT OF CLOSED  EXECUTIVE SESSION  A. Approve the deed restrictions to 9353 Benbrook Blvd.  Dr. Ackall made ai motion to approve the 9353 Benbrook Blvd. deed restrictions as  presented.  Mr. Lindsay seconded the motion. The motion passed; 7-0.  VIII. ADJOURNMENT  The meeting adjourned at approximately 7:44 p.m.  KENT WILLIAMS PRESIDENT ATTEST:  CGCA DR-DANYELLE, ACKALL SECRETARY  BEDCI Regular Board Mecting Minutes September 16, 2024 Page 3 of3