295 5. EXECUTIVE DIRECTOR'S REPORT. Christian Fletcher, Executive Director provided updates on prospect activity, the EDC's financials and projects. 6. CONSENT AGENDA. (a) Approval of the minutes of the November 6, 2024 regular meeting. Director Rhodes moved to approve the minutes. Director Plante seconded the motion. The motion carried by a unanimous vote (5-0). 7. REGULAR. AGENDA. (a) Discussion and Action on participation in Opportunity Austin 5.0. Executive Director Christian Fletcher addressed the board. Director Plante moved to authorize participation in Opportunity Austin 5.0 in the amount of $5,000 annually for five years. Director Rhodes seconded the motion. The motion carried by a unanimous vote (5-0). 8. EXECUTIVE SESSION Close Open Session and Convene Executive Session pursuant to $551.087 (Economic Development), $551.071 (Private Consultation between the Board and its Attorney), and $551.072 (Deliberation Regarding the Purchase, Exchange, Lease or Value of Real Property), of the Open Meetings Act. Tex. Gov't Code, the Economic Development Corporation will meet in Executive Session to discuss the following: Economic Development Prospects Deliberation Regarding the Purchase, Exchange, Lease or Value of Real Property 12:32 pm The EDC Board convened to Executive Session 1:17 pm The EDC Board returned to Open Session 9. RECONVENE TO OPEN SESSION FOR POSSIBLE ACTION RESULTING FROM ITEMS DISCUSSED IN EXECUTIVE SESSION. No action was taken. 10. FUTURE AGENDA REVIEW. Staff noted that the next regular meeting of the EDC Board will be held January 9, 2025 at Noon. 11. ADIOURNMENT. There being no further business to discuss, Director Plante moved to adjourn. Director Nash seconded the motion. The meeting was adjourned at 1:20 pm. - - Steve Reitz, President ATTEST: Lrkns HDnoll Christina McDonald, Secretary December 4, 2024 Meeting Page 2 of 2 296 STATE OF TEXAS COUNTY OF BURNET CITY OF MARBLE FALLS On January 9, 2025, the Marble Falls Economic Development Corporation convened in regular session at Noon in the City Hall Council Chambers, with notice of the meeting giving the time, place, date, and subject having been posted as described in Chapter 551 of the Texas Government Code. PRESENT: Mark Mayfield Vice President Judy Miller Director Ryan Nash Director John Packer Director Lindsay Plante Director Dave Rhodes Director ABSENT: Steve Reitz President STAFF: Christian Fletcher Executive Director Midge Dockery Assistant Director Christina McDonald Secretary/City Secretary Caleb Kraenzel Deputy City Manager Josh Brockman-Weber Attorney Jeff Prato City Engineer Erin Burks Downtown and Marketing Manager VISITORS: Raymond Whelan (The Highlander), Dakota Morrissiey (Daily Trib) 1. CALL TO ORDER AND ANNOUNCE QUORUM IS PRESENT. Vice President Mayfield called the meeting to order and announced the presence of a quorum. 2. CITIZENS COMMENTS. There were no citizen comments. 3. PRESENTATIONS AND UPDATES. There were no presentations or updates. 4. ASSISTANT DIRECTOR'S REPORT. Midge Dockery, Assistant Director provided updates on real estate activity, business visits, programs and marketing. 5. EXECUTIVE DIRECTOR'S REPORT. Christian Fletcher, Executive Director provided reports on prospect activity, the EDC's financials and projects. 6. CONSENT AGENDA. (a) Approval of the minutes of the December 4, 2024 regular meeting. January 9, 2025 Meeting - Page 1 of3 297 (b) Approval of a Memorandum of Agreement between the MFEDC and Workforce Network, Inc. for workforce development services. Director Rhodes moved to approve the consent agenda. Director Nash seconded the motion. The motion carried by a unanimous vote (6-0). 7. REGULAR AGENDA. (a) Discussion and Action on a Retail Market Analysis and Recruitment Strategy Proposal from The Retail Coach. Executive Director Fletcher addressed the board. Director Packer moved to approve the proposal as presented. The motion was seconded by Director Miller and carried by a unanimous vote (6-0). (b) Discussion and Action on a Bid Alternate from Bobby Sanford LLC dba Electric-S for electrical services related to Phase 1b.1 of the City's Parks Master Plan. Executive Director Christian Fletcher presented the agenda item. Director Nash moved to accept the bid alternative from Bobby Sanford, LLC, related to Phase 1b.1 of the City's Parks Master Plan. Director Packer seconded the motion. The motion carried by a vote of 6- 0. (c) Discussion and Action on an Agreement to Terminate Purchase and Sale Agreement between the MFEDC and Marstan Equities, LLC. Director Christian Fletcher presented the agenda item. Director Nash moved to approve the agreement to terminate the Purchase and Sale Agreement between the MFEDC and Marstan Equities, LLC. Director Rhodes seconded the motion. The motion carried by a vote of 6-0. 8. EXECUTIVE SESSION Close Open Session and Convene Executive Session pursuant to $551.087 (Economic Development), $551.071 (Private Consultation between the Board and its Attorney), and $551.072 (Deliberation Regarding the Purchase, Exchange, Lease or Value of Real Property), of the Open Meetings Act. Tex. Gov't Code, the Economic Development Corporation will meet in Executive Session to discuss the following: Economic Development Prospects Deliberation Regarding the Purchase, Exchange, Lease or Value of Real Property 12:36 pm The Board convened to Executive Session 2:40 pm The Board returned to Open Session (Note: Director Rhodes left the meeting at 2:18 pm) 9. RECONVENE TO OPEN SESSION FOR POSSIBLE ACTION RESULTING FROM ITEMS DISCUSSED IN EXECUTIVE SESSION. No action was taken. 10. FUTURE AGENDA REVIEW. Staff noted the next regular meeting of the EDC Board is scheduled for Wednesday, February 5 at Noon. January 9, 2025 Meeting Page 2 of3 298 11. ADIOURNMENT. There being no further business to discuss, Director Packer moved to adjourn. Director Miller seconded the motion. The meeting was adjourned at 2:42 pm. SR! * - Steve Reitz, President ATTEST: HA Christina McDonald, Secretary January 9, 2025 Meeting Page 3 of3