DDA DOWNTOWN DEVELOPMENT AUTHORITY (DDA) MEETING MINUTES- Board Approved City Hall Council Chambers December 9, 2024 I. CALL TO ORDER Chair Harold Shin called the meeting to order at 5:00 PM. II. ROLL CALL Present: Harold Shin, Schuyler Clark, Doug Edwards, Stephe Koontz, and Sergio Monzalvo. Absent: Sam Kok. III. APPROVAL OF MEETING AGENDA A motion was made by Ms. Stephe Koontz and seconded by Mr. Clark to approve the December 9, 2024, meeting agenda. Motion passed unanimously. IV. APPROVAL OF PRIOR MEETING MINUTES A motion was made by Mr. Clark and seconded by Mr. Edwards to approve the September 24, 2024, meeting minutes as presented. Motion passed unanimously. V. UNFINISHED BUSINESS None. VI. OLD BUSINESS None. VII. DOWNTOWN DEVELOPMENT BUSINESS A. FY25 Budget The Board Treasurer presented the FY25 Budget. A motion was made by Ms. Koontz and seconded by Mr. Clark to approve the FY25 Budget. Motion passed unanimously. B. Potential Amendment to Memorandum of Understanding with Kauffman Realty Group, LLC Board Attorney Cecil McLendon recommended extending the bond closing date by twelve months to December 15, 2025, as requested by staff and the developer. A motion was made by Ms. Koontz and seconded by Mr. Edwards to approve the amendment. Motion passed unanimously. C. Adoption of 2025 Board Meeting Dates Board Secretary Shanta Bingham presented the adopted 2025 Board Meeting Dates for approval. A motion was made by Mr. Monzalvo and seconded by Mr. Edwards to adopt the meeting dates. Motion passed unanimously. D. Amendment to the DDA Application Authority Attorney Cecil McLendon provided an overview of the amended DDA application. AI motion was made by Ms. Koontz and seconded by Mr. Clark to approve the amendment. Motion passed unanimously. VIII. BOARD COMMENTS No additional comments. IX. ADJOURNMENT With no further ousiness, a motion was made by Ms. Koontz and seconded by Mr. Clark to adjourn the meeting. The meeting adjourned at 6:04 PM. / MEN) Chairman, Harold Shinn 6 Secretary, Shanta J. Bingham Nt EORO