Benbrook ED2 BENBROOK ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING MINUTES MONDAY, MARCH 17, 2025 911 WINSCOTT ROAD, BENBROOK, TEXAS WORK SESSION: The Benbrook Economic Development Corporation (BEDC) Board of Directors met at 6:15 p.m. to discuss the agenda items and review staff updates. The Work Session was held in the Benbrook City Hall Central Conference Room. The Work Session recessed at 6:57 p.m. Board Members in Attendance: Gary A. Lindsay Place 1 Dr. Danyelle Ackall Place 2, BEDC Secretary Kristen Melton Place 3 Thomas Casey Place 4, BEDC Vice President Kent Williams Place 5, BEDC President Phyllis Harkins Place 6, Arrived at 8:01 p.m. Board Members Not in Attendance: Omar P. Aguilar Place 7 Staff Present: Jessica James, Director of Economic Development and Marketing and Breanna Bowen, Manager of Economic Development and Marketing REGULAR SESSION - CONVENED INTO THE COUNCIL CHAMBERS I. CALL TO ORDER The BEDC Regular Board Meeting was called to order at 7:00 p.m. on Monday, March 17, 2025, in the Benbrook City Hall Council Chambers, located at 911 Winscott Road, Benbrook, Texas. II. CITIZEN'S PUBLIC FORUM President Williams opened the Citizen's Public Forum to allow citizens to comment on any agenda item. There were no citizen comments. III. ACTION ITEMS A. Approve the February 25, 2025, Regular Board Meeting Minutes. Mr. Lindsay made a motion to approve the February 25, 2025, Regular Board Meeting Minutes as presented. Ms. Melton seconded the motion. The motion passed; 6-0. BEDC Regular Board Meeting Minutes March 17, 2025 Page 1 of3 Benbrook EDA IV. DIRECTOR'S REPORT Receive Monthly Financial Report for Period Ending February 28, 2025. Presentation Highlights: Liquid assets as of February 28, 2025 Checking account: $3,118,938.89 Checking account interest earned: $4,089.81 TexPool account: $4,126,109.73 TexPool account interest earned: $13,740.18 o Total liquid assets: $7,245,048.62 Total revenue for February 2025: $267,247.67 This amount includes: Sales tax revenue for February 2025: $248,192.15 Interest earned on account: $17,829.99 BKV North Texas, LLC: $1,225.53 Encumbered Funds as of February 28, 2025: $2,993,754.44 This amount includes: Total current and pending projects: $2,963,319.64 Total operating expenses for February 2025: $30,434.80 Fund balance as of February 28, 2025: $4,251,294.18 V. EXECUTIVE SESSION The Board convened into Executive Session at approximately 7:05 p.m. to discuss the items below. Pursuant to the Texas Open Meetings Act: A. Section 551.072 Deliberations Regarding Real Property. Deliberate the purchase, exchange, lease, or value of real property, as deliberation in an open session would have a detrimental effect on the position of governmental body negotiations with a third person. DISCUSS PROPERTY LOCATED AT 610 WINSCOTT. VI. RECONVENE INTO OPEN SESSION The BEDC Board reconvened into open session at 7:30 p.m. VII. TAKE ANY NECESSARY OR APPROPRIATE ACTION AS A RESULT OF CLOSED EXECUTIVE SESSION VIII. ADJOURNMENT The meeting adjourned at approximately 7:31 p.m. BEDC Regular Board Meeting Minutes March 17, 2025 Page 2 of3 Benbrook EDA APPROVED: KclJu KENT WILLIAMS PRESIDENT ATTEST: G0000 DR. DANYELLE ACKALL SECRETARY BEDC Regular Board Meeting Minutes March 17, 2025 Page 3 of3