MINUTES CRANDALL ECONOMIC DEVELOPMENT CORPORATION CITY OF CRANDALL, TEXAS Crandall EDC Conference Room 116 South Main Street = Crandall, Texas 75114 Monday = February 10, 2025, at 4:00 p.m. REGULAR BOARD OF DIRECTORS MEETING 1. Call to Order President Cody Frazier called the meeting to order at 4:05 pm 2. Invocation Invocation given by Director Capps 3. Roll Call President: Cody Frazier P Vice President: Danny Kirbie A Sec.Treasurer: Rebekah Eskridge P Member: Brant Bennett P Member: Jason Hathaway P Member: Cortney Heinisch P Member: Jon Capps P CEDC Staff: Mike Slye P 4. Citizen Comments: No citizen comments were made. 5. Director's Report A. Monthly Activities i. Developer Meetings Mr. Slye reported on many formal/nformal developer meetings this month & focused on infrastructure development that compliments the various projects. ii. Kaufman County Days 6. Financial Report A. January 2024 Financial Report i. Fixed Asset Supplemental Fixed Assets Explained, booked at time of purchase. A Fixed Asset (FA) supplemental schedule was provided. December financials were reported and discussed. Director Eskridge motioned to approve December 2024 financial report, Director Capps seconded : BOD approved motion unanimously. 7. City Manager's Report Met with NTMWD to calibrate the NE proposed pump station and Talty water, partnership to provide up to 3MGD offresh water. Development agreement approved for an additional 100-acre single-family lots for PM B capital at the intersection of Sunrise Blvd. and Lone Star Road (Adams tract). ERP financial migration is nearing completion and will include EDC budget and expense reporting. for FY26. Awaiting. JWS team's response to the proposed 380 agreement associated with the River Ridge commercial development. Ongoing calibration and training with David Sanchez to best prepare a transition plan upon my March 215 departure. Consent Agenda 8. Approval of the Minutes December 11, 2024 Director Capps made a motion to accept the Minutes. Director Heinisch seconded the motion. BOD approved motion unanimously Regular Agenda 9. Appoint a Unified Development Code (UDC) Diagnostic committee member. Discussed & defined UDC and asked for any interest to volunteer to be appointed. Several asked follow-on questions and wanted to further consider. Director Capps motioned to authorize President Frazier to appoint a member and gave those considering until February 14, 2025 to decide. Motion was seconded by Director Bennett. 10. ICSC Red River Update - President Cody Frazier President Frazier reported on his positive experience attending the ICSC-Red River conference in Dallas. No action taken. 11. Consider taking appropriate action to provide signature authority for CEDC. Director Eskridge motioned to appoint David Sanchez, Deputy City Manager to replace current City Manager Jerry Dean with Signature Authority for the Crandall EDC. Motion was seconded by Director Hathaway and approved unanimously by the BOD. Executive Session Motion to enter into Executive Session at 4:45pm by Director Capps, seconded by Director Heinisch and approved unanimously by the BOD. 12. 551.072 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. (1) To discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental 2 body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to business prospects: A. Project 202501 B. Project 202502 C. Project River Ridge D. Project Cox E. Project HOT 13. Section 551.074. PERSONNEL MATTERS; CLOSED MEETING. (1) To deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: EDC Interim Director Consultant 14. Adjournment from Executive Session Director Capps made a motion to adjourn from Executive session, seconded by Director Eskridge at 6:18 pm. BOD approved unanimously. 15. Take any and all actions required related to the Executive Session 16. Future Agenda Items 17. Adjournment - Adjourned at 6:22 pm Respectfully submitted: Ruuh Shvikye Rebekah Eskridge, Secrètary Clfa Cody/razlerPresident 3