MINUTES OF THE JANUARY 20, 2025 MEETING OF THE BONHAM ECONOMIC DEVELOPMENT CORPORATION The Board of Directors of the Bonham Economic Development Corporation met in regular session on Monday evening at 5:30 p.m. in the Bonham City Hall with the following members present: Absent.. Alan McDonald, President Kelly Royse, Vice-President Warren Jamieson Ernie Quintana Kevin Hayes Jerrad Besch Justina Silwood CALL TO ORDER Vice-President Kelly Royse called the meeting to order noting that a quorum was present. MINUTES Vice - President Royse called for a motion on the minutes of the December 16th regular meeting. A motion was made by Quintana and seconded by Hayes to approve the minutes as written. The motion carried with a unanimous vote of 6 - 0. FINANCIAL REPORT FOR DECEMBER 2024 Sarah Osburn stated sales tax is looking good and is currently up 6.5% through January. Questions were asked and answered regarding minor supplies. A motion was made by Hayes and seconded by Jamieson to accept the financial reports for December 2024. The motion carried with a unanimous vote of 6- -0. CITIZEN'S OPPORTUNITY TO SPEAK Vice - President Royse invited anyone who would like to address the Board regarding items on the agenda or other concerns not listed on the agenda to do sO now. No one came forward. RESOLUTION = AMEND EDC BYLAWS BEDCo Executive Director, Joey Grisham, stated this is a formality to officially amend the bylaws as discussed last month. A motion was made by Quintana and seconded by Besch to adopt a Resolution amending the Bonham Economic Development Corporation bylaws. The motion carried with a unanimous vote of 6 -0. EXECUTIVE DIRECTOR REPORT Joey Grisham, BEDCO Executive Director, advised he will be attending the ICSC Conference along with Mark Posey and Sean Pate next Wednesday through Friday. This is a good way to network for additional retail. Mr. Grisham stated we have moved forward on the business park site and we have received our reports. The next step is to bring in an industrial architect to layout the buildings and show what it can look like. EXECUTIVE SESSION Vice - President Royse recessed the meeting into closed executive session at 5:38 p.m. regarding economic development negotiations as permitted under Texas Government Code $551.087 and to discuss the purchase, exchange, lease, or value of real property as permitted under Texas Government Code $551.072. REÇONVENE IN OPEN SESSION Vice - President Royse reconvened the board into open public session at 6:15 p.m. No action taken. 152 ADJOURN There was no further business to consider and a motion to adjourn was made by Quintana and was seconded by Jamieson. The motion carried with a unanimous vote 6 - 0 and the meeting adjourned at 6:15 p.m. - 11 foye Kelly Royse, Mice Presideht ATTEST: Hoatlu Ataahten Heather Stockton, City Secretary 153