MINUTES CRANDALL ECONOMIC DEVELOPMENT CORPORATION CITY OF CRANDALL, TEXAS Crandall EDC Conference Room - 116 South Main Street - Crandall, Texas 75114 Monday = March 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 4:04 pm 2. Invocation Invocation given by Vice President Danny Kirbie 3. Roll Call President: Cody Frazier P Vice President: Danny Kirbie P Sec./Treasurer: Rebekah Eskridge P Member: Brant Bennett P Member: Jason Hathaway P Member: Cortney Heinisch P Member: Jon Capps A CEDC Staff: Mike Slye P 4. Citizen Comments: No citizen comments were made. Citizens attended: Vashunda Warren with Leadership Kaufman County, Brandy G. 5. Director's Report A. Monthly Activities i. Developer Meetings Mr. Slye reported on many formal/nforma developer meetings this month & specifically discussed various hotel flags. All flags discussed were conditionally accepted. 6. Financial Report A. February 2025 Financial Report Fixed Assets Explained. Talked about the Budget Amendment and Adjustments. Vice President Kirbie made a motion to approve the February 2025 financial report. Director Hathaway seconded. BOD approved motion unanimously 7. City Manager's Report Wrapping up the Development agreement for the 100-acre tract adjacent to River Ridge North. 478 higher end homes and complete rehab of Lones Star Road. David Sanchez named Acting City Manager upon my retirement on 3/21 S&P Global announced the city's bond rating elevated from A+ to AA- Mayor and 2 council members (David Lindsey, Caleb Allen and Kimberly Herrera) running for office are unopposed and will be declared elected. Consent Agenda 8. Approval of the Minutes February 10, 2025 Director Eskridge made a motion to accept the Minutes. Director Heinisch seconded the motion. BOD approved motion unanimously Regular Agenda 9. RESOLUTION NO. 03102025 A RESOLUTION TO CONSIDER APPROVING THE BUDGET AMENDMENT FOR FISCAL YEAR 2024 - 2025. Goes in front of Council the first meeting in April 2025 Vice President Kirbie made a motion to accept Resolution No. 03102025. Director Bennett seconded the motion. BOD approved motion unanimously Executive Session 10. 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 body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to business prospects: A. Project River Ridge B. Project Cox C. Project 148 Bypass 2 11. Adjourn from Executive Session Director Eskridge made a motion to adjourn from the Executive Session, seconded by Vice President Kirbie at 4:38 pm. 12. Take any and all actions required related to the Executive Session 13. Future Agenda Items Discuss the land behind Cartwright Ranch that is up for sale off of FM 148. Vashunda Warren with Leadership Kaufman County would like to do a presentation about Casey's Place. 14. Adjournment - Director Heinisch made a motion to adjourn the meeting, seconded by Director Eskridge at 5:16 pm. Respectfully submitted: lpihg Gidye Rebekah Eskridge, Sedrètary - - da hl sayu Cody Frazier, Presidént & CN 3