THE CITY OF JRANDVIEW TEXAS Founded 1854  REGULARTYPE B ECONOMIC DEVELOPMENT CORPORATION MINUTES The Type B Economic Development Corporation Board met on Thursday, April 18,  APRIL18,2024  2024, at 5:30 p.m. at City Hall.  1. Roll Call and Call To Order By President Bogard At 5:40 P.M.  Board Members Present: William Houston Stewart Bogard Darla Dudley Justin Jones Scotty O'Bryan Board Members Absent: Craig Hundley Johnnie Gibbons Administration Present: Katherine Reading, City Manager Shannon Pruitt, City Secretary  2. Invocation was led by Board Member Houston.  3. Pledge of Allegiance to the U.S.A. flag and Texas Pledge was led by President  Bogard.  4. Public Comments: There were no comments made.  Type B EDC Meeting Minutes, April 18, 2024    5.Action Items:  A. Consider approval ofminutes from the Type B EDC Meeting held on  February 1,2024, as presented.  Board Member Dudley made a motion to accept the minutes as presented.  Board Member Houston seconded the motion.  Motion carried - all eyes.  B. Receive, discuss, and take action accepting the fiscal year 2023-2024 third quarter finance report. Presented by Katherine Reading, City Manager. Note: We did a complete bank transfer to pull all money_from EDC 4A and  EDC 4B out ofthefindi into their own separate accounts.  Sales Tax Agreements - Agreement we have with Lelands.  There are 5 businesses that are consistently the top 5 tax producing in the Sales Tax Reimbursement Agreement comes out of4A and 4B. Because they are industrial, they can come out of4A. Equal amounts for 4A& The contract was refulfilled on the administrative side but not the EDC Not individualized. All 5 must hit a baseline of$18 million. Ifthey do not, they are not eligible for a Sales Tax Reimbursement that year. Itis Façade Improvements: we expect there to be another $5,000. The City Park and equipment: currently $5,100 for equipment. Splashpad maintenance is being done this week. Item on agenda is a slide needing repair. Projected on park: $50,000. Budget amendment previously done  City of Grandview  4B. side.  Yearly commitment.  renewed the next year and they are eligible again.  expiration date is not October.  for Splash Pad maintenance. Total Expenditures at $211,281.54.  Board Member Jones made ai motion to accept the fiscal year 2023-2024 third  quarter finance: report.  Type B EDC Meeting Minutes, April 18, 2024    Board Member Houston seconded the motion.  Motion carried - all eyes.  C.C Consider action on adding a budget line item, Park and Events Board, and approving a budget addendum of $5,000 for fiscal year 2023-2024.  Presented by Katherine Reading, City Manager.  *Addendum means we are moving. funds between line items, but the balance  does not change.  Can the Park Board raise money? We would have to ask legal. City Park and Park and Events Board line item, 2 different line items. City Park Maintenance, such as Splash Pad should not be on their (Park and Events Board) budget. Would give the appearance that citizens are in control of massive line item. Fortransparency it would be appropriate for them to have their own line item.  Board Member Jones made a motion approve the budget addendum of$5,000  for fiscal year 2023-2024.  Board Member O'Bryan seconded the motion.  Motion carried - all eyes.  D. Consider: action on approving funding for Grandview City Park slide repair, provided the amount does not exceed current budget appropriations. Presented by Katherine Reading, City Manager. Board Member Dudley made a motion to approve funding for Grandview City Park slide repair, provided the amount does not exceed current budget  appropriations.  Board Member Jones seconded the motion.  Motion carried - all eyes.  Type B EDC Meeting Minutes, April 18, 2024    6. Adjourn Meeting:  Board President Bogard made a motion to adjourn the meeting at 6:29P.M.  CITY  PresidentBogard'or Board Member 197  ATTEST: RH Shannon Pruitt, City Secretary  GRAND  TEXAS  Type B EDC Meeting Minutes, April 18, 2024