MINUTES CRANDALL ECONOMIC DEVELOPMENT CORPORATION CITY OF CRANDALL, TEXAS Crandall EDC Conference Room - 114 South Main Street - Crandall, Texas Tuesday - May 14, 2024 at6:00 p.m. REGULAR MEETING 1. Call to Order by Cody Frazier 6:01 PM 2. Invocation by Cody Frazier 3. Roll Call President: Cody Frazier Member: Mike Roberts Member: Jon Capps Also in Attendance: none 4. Citizen Comments: none 5. Director's Report X Vice President: Danny Kirbie X Member: Cortney Heinisch A CEDC Staff: Casey Bingham A X X X Sec./Treasurer: Rebekah Eskridge X Member: JJ Moore A. Update Goals and Objectives of the CEDC B. June Meeting Cancellation and July Meeting C.A Appraisal Update D. Survey of EDC Property 6. - Financial Report Motion to APPROVE by Cortney Heinisch Second by Mike Roberts Motion TO APPROVE PASSES with a vote of5 5to 0 7. City Manager's Report Consent Agenda 8. Approval of the Minutes April 16, 2024 Motion to APPROVE by Rebekah Eskridge Second by Cortney Heinisch Motion TO APPROVE PASSES with a vote of5 to 0 Regular Agenda 9. Presentation on Updated CEDC Debt Capacity No action taken. 10. Presentation on County Maps No action taken. 11. Discuss and Consider Resolution Number 05142024-04 Adding EDC Director as Viewer on all Crandall EDC Bank Accounts Motion to APPROVE by JJ Moore Second by Cortney Heinisch Motion TO APPROVE PASSES with a vote of 5t to 0 12. Discuss and Consider Future Uses of Crandall EDC Property located on US 175 Frontage Road. Discussion was had on future EDC Property uses. No action taken. 13. Discuss and Consider Contracting a Brokerage Firm to Represent the Crandall Economic Development Corporation Motion to appoint M&D Commercial as the Brokerage firm to represent the Crandall Economic Development Corporation made by Cortney Heinisch Second by Rebekah Eskridge Motion TO APPROVE PASSES with a vote of 5t to 0 2 14. Future Agenda Items Engage with Rizos regarding land purchase Options on right of way easement with George Welch 15. Adjournment Motion to ADJOURN by Mike Roberts Second by JJ Moore ADJOURNED at 7:07 PM Rebekah Eskridge, DLALGL Cody President 4R 3