Development Corporation of Mercedes, Inc. Virtual Special Called Meeting Wednesday, September 8, 2021 18, 2021 11:30AM obagotomectings.com Board Members Present: Joe Flores - Vice President Tony Garza - Treasurer Peggy Marie Chavez - Yanez - Secretary Roel Villanueva- Member Luis Huerta - Member Marcos Garcia - Member Board Members Absent: Fred Gonzalez - President EDC Staff Present: Melissa Ramirez - Executive Director Rose Saenz - Administrative Coordinator City Staff Present: Mark Sossi - DCM Attorney Others Present: 1. Call Meeting to order Joe Flores called the meeting to order at 11:30 AM. 2. Executive Session: Section 551.072: relating to the sale of real estate for VF1 Lot 1 and Section 551.071: pending legal issues with delinquent notes 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 11:31 AM The Board went into Open Session at 11:47 AM 3. Discussion and Action: item #2 Tony Garza motioned to execute the Real Estate Contract for VF1 Lot 1 as discussed in executive session. Seconded by Luis Huerta. All voted Aye. 4. Discussion and Action: TXCLASS Quarterly Report Tony Garza motioned to approve the TXCLASS Quarterly Report as presented. Seconded by Marcos Garcia. All voted aye. 5. Discussion and Action: FY 20-21 Audit, Burton, McCumber & Longoria, LLP Tony Garza motioned to engage Burton, McCumber & Longoria for the FY 20-21 Audit. Seconded by Marcos Garcia. All voted aye. 10. Adjournment: 11:53AM Geb Fred Gonzalez, President Joe Flores, Jr., Vice President VVANAy "mni ChuSN Tony Garza, Treasurer Peggy-Mârie Chavez - Yanez,Secrètary Roel Villanueva, Member Luis Huerta, Membèr Ib Marcos Garcia, Member -