BUDA Economic Development Corporation MEETING MIINUTES 3.27.25 Note: This meeting room was moved from City Council Chambers to the Emergency Operations Room inside Buda City Hall due to two conflicting committee/board meetings. Signs were posted at the main entrance of City Hall and on the Buda EDC website main page to advise of the room change and direct the public to the correct room. In addition, an EDC staff member was in the lobby to direct the public for the first 15 minutes of the meeting, and the chair/representative ofthe ZBOA and HPC meetings, who were now meeting inside Council Chambers, announced the move in room assignment for the EDC meeting to ensure any public members present were advised of the new location. CALL TO ORDER President Celeste Medulla called the meeting to order at 6:05 pm. ROLL CALL A quorum was achieved with the following board members present: President Celeste Medulla Vice President Jim Niemie Secretary/Ireasurer Betsy Urban Board Member Evan Ture Board Member Julia Davis Board Member Matt Smith Board Member Megan Brown -absent excused Buda EDC Staff in attendance included Assistant Director Recruiting & Development Brian Dyer, Assistant Director Small Business Initiatives Jacqueline Martinez, Sr. Administrative Associate Shannon Cameron, and EDC Attorney Josh Brockman Weber. Buda EDC CEO Jennifer Storm was not present at this meeting due to family obligations out of state but joined during a portion of executive session as noted in the minutes. Assistant Director Brian Dyer was the staff member leading the meeting in her absence. PUBLIC COMMENTSPUBLIC TESTIMONY None. PUBLIC HEARING 4.1. LEAP - Local Enterprise Assistance Program: Discussion and possible action to authorize performance agreements and economic development incentives in an amount not to exceed Ten Thousand Dollars ($10,000.00) each with the following businesses in exchange for economic development obligations to the Buda EDC: Budaful Threads -$10,000.00. Item 4.1: Opened public hearing at 6:07 pm; seeing none. Closed at 6:07 pm. 4.2. Medium Incentive: Financial Incentive in an amount not to exceed Forty-Two Thousand and No/100 Dollars ($42,000.00) for Project Steam Pan in exchange for economic obligations to the Buda EDC. Item 4.2: Opened public hearing at 6:08 pm; seeing none. Closed at 6:08 pm. 4.3. Medium Incentive: Financial incentive in an amount not to exceed Twenty-Three Thousand and No/100 Dollars ($23,000.00) for Project Summer Teeth in exchange for economic obligations to the Buda EDC. Item 4.3: Opened public hearing at 6:09 pm; seeing none. Closed at 6:09 pm. 4.4. Large Incentive: Financial incentives and related budget amendment in an amount not to exceed Two Hundred Eleven Thousand and No/100 Dollars ($211,000.00) for Project Earl of Sandwich in exchange for economic obligations to the Buda EDC. Item 4.4: Opened public hearing at 6:09 pm; seeing none. Closed at 6:10 pm. 4.5. Large Incentive: Financial incentives and related budget amendment in an amount not to exceed One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) in additional expenditures for Project Sprinter in support of roadway improvementslratic signal at FM 967 and Oyster Creek. Item 4.5: Opened public hearing at 6:10 pm; seeing none. Closed at 6:10 pm. STAFF REPORTS OF BUDA EDC MONTHLY ACTIVITIES- DISCUSSION ONLY- NOACTION TAKEN (1) CEO Report on EDC operations and activities; (2) Staf Report on recruitment and development activities; (3). Staff Report on small business initiatives; (4) Staff Report on marketing activities. Discussion between Board members and Brian on the Site Selector conference on key takeaways from businesses in RFI's. Congratulations by the board was noted on the Grand Opening of the Buda HIVE. Budget timeline was discussed and upcoming dates relevant to the board were noted. ITEMS OF COMMUNITY INTEREST Member Evan Ture announced the upcoming Buda's birthday lineup and invited everyone to attend April 5th at the City Park and Amphitheater. An additional mention of the Buda Sportsplex hosting a 90 team soccer team tournament this weekend with Cap City. Request was made to Brian Dyer to collect Placer AI data on attendance increase information for tracking and reporting. CONSENT AGENDA (PUBLIC TESTIMONY) 7.1. Approval of the January 2025 Financial Report. 7.2. Approval of the January 2025 Meeder Investment Report. 7.3. Approval of the February 27, 2025, Regular Board Meeting Minutes. Motion, to approve the Consent Agenda, as presented, was by Member Evan and seconded by Member Matt Smith. Motion carried unanimously. GENERAL. AGENDA ITEMS 8.1. LEAP - Local Enterprise Assistance Program: Approval of performance agreements and economic development incentives in an amount not to exceed Ten Thousand Dollars ($10,000.00) each with the following businesses in exchange for economic development obligations to the Buda EDC: Budaful Threads - Equipment and Software - $10,000.00 Item was presented along with background by Jacquie Martinez. LEAP Committee unanimously voted to approve the list ofi incentive recommendations to the Board. Discussion was had on a few specifics related to the applicants, with additional information being shared regarding specifics on approval. Motion, to approve was made by Member Celeste Medullla and seconded by Member JimNiemie. Motion carried unanimously. 8.2. Kecommendation of two EDC representatives to the Historic Preservation Committee Guidelines Committee. Background information was presented by Brian Dyer and general discussion was held. Matt clarified the goals of the subcommittee to create more objective guidelines and remove the subjectivity of the committee while allowing for more administrative approvals of items. Discussion on the best individuals to serve on the subcommittee was discussed while taking into account individual preferences, expertise and availability. Motion, to recommend Jennifer Storm and Brian Dyer as the EDC representatives to the HPC Guidelines Committee was made by Member Matt Smith and seconded by Member Jim Niemie. Motion carried unanimously. EXECUTIVE SESSION At 6:58 pm, members convened in executive session pursuant to the Texas Government Code, Chapter 551, to deliberate the following: Note: CEO Jennifer Storm joined via conference call for item 9.1. All remaining staff exited the room. 9.1. Gov't Code Sec. 551.074 - Deliberation of personnel matters, including the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: Assistant Director. Note: CEO Jennifer Storm left the conference call with the Board. Member Matt Smith retrieved remaining staff who joined for the remainer of executive session. 9.2 Gov't Code Sec. 551.087 and Sec. 551.071 - Economic Development Negotiations and Consultation with attorney regarding performance agreement obligations: Project Steam Pan Project Summer Teeth Project Earl of Sandwich - Project Sprinter 108 N Main Street Robertson Land Development Project San Antonio 9.3. Gov't Code Sec. 551.072 - Deliberation regarding real property - Project Old School. RECONVENE At 9:04 pm, open session was reconvened, and the following actions were taken: 10.1. Medium Incentive: Discussion and possible action to approve tinancial inçentives and a performance agreement in an amount not to exceed Forty-Two Thousand and No/100 Dollars ($42,000.00) for Project Steam Pan in exchange for economic obligations to thel Buda EDC. Motion, to approve financial incentives and a performance agreement in an amount not to exceed Forty-Two Thousand and No/100 Dollars (S42,000.00) for Project Steam Pan in exchange for economic obligations to the Buda EDC subject to final approval of the EDC attorney, was made by Member Celeste Medulla and seconded by Member Evan Ture. Motion carried unanimously. 10.2 Medium Incentive: Discussion and possible action to approve financial incentives and a performance agreement in an amount not to exceed Twenty-Three Thousand and No/100 Dollars ($23,000.00) for Project Summer Teeth in exchange for economic obligations to the Buda EDC. Motion, to approve financial incentives and a performance agreement in an amount not to exceed Twenty-Three Thousand and No/100 Dollars ($23,000.00) for Project Summer Teeth in exchange for economic obligations to the Buda EDC subject to final approval of the EDC attorney, was made by Member Evan Ture and seconded by Member Matt Smith. Motion carried unanimously. 10.3 Large Incentive: Discussion and possible action to approve financial incentives and a performance agreement and related budget amendment in an amount not to exceed Two Hundred Eleven Thousand and No/100 Dollars ($211,000.00) for Project Earl of Sandwich in exchange for economic obligations to the Buda EDC. Motion, to approve financial incentives and a performance agreement and related budget amendment in an amount not to exceed Two Hundred Eleven Thousand and No/100 Dollars ($211,000.00) for Project Earl of Sandwich in exchange for economic obligations to the Buda EDC subject to final approval of the EDC attorney, was made by Member Celeste Medulla and seconded by Member Julia Davis. Motion carried unanimously. 10.4 Large Incentive: Discussion and possible action to approve financial incentives and related budget amendment in an amount not to exceed One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) in additional expenditures for Project Sprinter in support of roadway mprovements/raffic signal at FM 967 and Oyster Creek. Motion, to approve financial incentives and related budget amendment in an amount not to exceed One Hundred Fifty Thousand and No/100 Dollars ($150,000.00) in additional expenditures for Project Sprinter in support of roadway improvements/ratfie signal at FM 967 and Oyster Creek subject to final approval of the EDC attorney and City Council, was made by Member Jim Niemie and seconded by Member Evan Ture. Motion carried unanimously. FUTURE AGENDA ITEMS Member Julia Davis shared an April 26 ribbon cutting event for E3 Wealth from 12-4pm. Bus Tour requested from Julia and for staff to continue pursuing this item. ADJOURNMENT There being no further business, the meeting was adjourned by President Celeste Medulla at 9:08 pm. 1, the undersigned authority, hereby certify that this meeting's minutes consist of the preceding Minute Record and the Supplemental Minute Record (f applicable). ATTEST: Ahith 8n Celeste Medulla, President B - Sc Betsy Urban, Secretary reasurer