Development Corporation of Mercedes, Inc. Special Called Meeting Wednesday,January 25, 2023 11:30AM Board Members Present: Fred Gonzalez President Joe Flores = Vice President Tony Garza - Treasurer Luis Huerta = Member Marcos Garcia - Member Roel Villanueva- Member Board Members Absent: Peggy Marie Chavez-Yanez - Secretary EDC Staff Present: Melissa Ramirez - Executive Director Mark Sossi - DCM Attorney City Staff Present: Alberto Perez - City Manager Others Present: Rudy Salinas- SAS, CPA Rina Castillo- Prairie View A&M Cooperative Extension Program Meagan Rodriguez- Prairie View A&M Cooperative Extension Program 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:33 AM. 2. Discussion and Action: December 14, 2022 Minutes Roel Villanueva motioned to approve the December 14, 2022 minutes . Seconded by Joe Flores. Unanimous. 3. Discussion and Action: December 2022 Financials Joe Flores motioned to approve December 2022 financials as presented by Rudy Salinas, SAS, CPA. Seconded by Marcos Garcia. Unanimous. Board deviated from agenda. 10. Executive Session: Section 551.087: Economic development negotiations with Project Tiger and Section 551.071: pending legal issues with delinquent loans and on any regular agenda item requiring confidential, attorney-client advice necessitated by the deliberation or discussion of said item as needed. The Board went into Executive Session at 11:40 AM Tony Garza abstained from discussing Project Tiger. The Board went into Open Session at 12:50 PM 4. Discussion and Action: Election of Officers Tony Garza motioned to table the election of officers as the full Board was not present. Seconded by Roel Villanueva. Unanimous. 5. Discussion and Action: DCM Investment Policy Marcos Garcia motioned to approve the DCM investment policy. Seconded by Tony Garza. Unanimous. 6. Discussion and Action: Appointment to Man & Woman of the Year Committee Marcos Garcia motioned to appoint Roel Villanueva to the Man and Woman of the Year Committee. Seconded by Tony Garza. Unanimous. 7. Discussion and Action: DCM Budget Amendment for Additional Staff Joe Flores motioned to approve the budget for additional staff as presented; the City will cost share the Marketing Coordinator. Seconded by Lou Huerta. Onanimous. 8. Discussion and Action: Prairie View A& M University Sponsorship for HUB Program Joe Flores motioned to approve sponsoring the Prairie View HUB Program for $5,175. Seconded by Marcos Garcia. Unanimous. 9. Discussion and Action: Acquisition of Stage No Action 11. Discussion and Action: item #10 Tony Garza motioned proceed as discussed in Executive Session with MD International. Seconded by Joe Flores. Unanimous. Joe Flores motioned to request collateral to consider a loan for Project Tiger. Seconded by Roel Villanueva. Fred Gonzalez, Lou Huerta and Marcos Garcia vote aye. Tony Garza abstained. Fred Gonzalez, President Joe Flores, Jr., Vice President iany marw Chuwu AAUA Tony Garza, Treasurer Peggy Marie Chavez - Yanez, Sécretary - - Roel Villanueva, Member LuisHuerta, Member MMDE Marcos Garcia,Member