August 13, 2024 On Tuesday, August 13, 2024, the Mabank Economic Development Corporation Board of Directors met in Regular Session with the following present: President - Randy Teague Vice President/Treasurer: John Chappell Council Member Class = Council Member Class - Daren Day Citizen Member Class - Andrea Pickens Citizen Member Class - Kelly Blaylock /Not present Citizen Member Class - Don McAfee /Not present Randy Teague opened the meeting and established a quorum at 12:00PM. Discuss/Action: The minutes from the July 9, 2024, Regular Session Meeting were reviewed. John Chappell made the motion to approve the minutes. Andrea Pickens seconded the motion. The motion passed Discuss/Action: John Chappell made a motion to acknowledge that the draft audit for FY 2022 has been Discuss/Action: No action was taken regarding the request for signage assistance at Mabank Café. Discuss/Action: Daren Day made a motion to allow City Administrator Bryant Morris and MEDC President Randy Teague to enter into negotiations with Noble Real Estate, not to exceed $200,000.00, for a road on the Discuss/Action: John Chappell made a motion that the EDC put $50,000.00 of Hotel Occupancy Tax money into a new checking account at First State Bank for the use of rodeo advertisement. Andrea Pickens seconded The Board convened into Executive Session, pursuant to Section 551.087 (1) and (2) of the Texas Government Code; deliberations regarding economic development negotiations at 12:30PM. unanimously. received. Andrea Pickens seconded the motion. The motion passed unanimously. West side ofQT. John Chappell seconded the motion. The motion passed unanimously. the motion. The motion passed unanimously. The Board reconvened at 1:28PM Discuss/Action: Andrea Pickens made a motion for the Mabank Economic Development Corporation to participate in the extension of 2nd Street from downtown Mabank to Gun Barrel City, not to exceed $150,000.00. Discuss/Action: Andrea Pickens made a motion to accept the resignation of Councilman Jeff Norman from the Mabank Economic Development Corporation Board of Directors and appoint Councilman Tyson Adams to fill John Chappell seconded the motion. The motion passed unanimously. the vacancy. Daren Day seconded the motion. The motion passed unanimously. Discuss/Action NEW BUSINESS: N/A Activity ReportUpdate: Reviewed as presented. There being no other business, Daren Day made the motion to adjourn. John Chappell seconded. The motion passed unanimously, and the meeting was adjourned at 1:32PM. Randy Teague,MEDC President 3 ATTEST Kim BAMCIANeE McClaskey, MEDC Secretary