Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, February 19, 2025 11:30AM Board Members Present: Marcos Garcia -President Joe Flores - Vice-President Lou Huerta - Secretary Peggy Marie Chavez- Treasurer Fred Gonzalez- Member Roel Villanueva - Member Tony Garza - Member EDC Staff Present: Melissa Ramirez - Executive Director Zefra Mascorro = Administrative Coordinator Mario Salinas - Marketing Specialist Mark Sossi - DCM Attorney City Staff Present: Alberto Perez- City Manager Others Present: Rudy Salinas-SAS CPA Adrian Webb- Adrian Webb, CPA Manuel Lerma- Adrian Webb, CPA 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:30AM 2. Discussion and Action: December 18, 2024 Minutes Marcos Garcia voted to approve the December 18, 2024 Minutes as presented. Seconded by Lou Huerta. All voted aye. 3. Discussion and Action: December 2024 Financials & January 2025 Financials Roel Villanueva voted to approve the December 2024 Financials & January 2025 Financials as presented. Seconded by Marcos Garcia. All voted aye. Mr. Alberto Perez, City Manager entered the Open Session Meeting at 11:33AM Peggy Marie Chavez, Board Treasurer entered the Open Session Meeting at 11:33AM Joe Flores, Vice-President entered the Open Session Meeting at 11:35AM 4. Discussion and Action: Election of Officers Roel Villanueva motioned to appoint Marcos Garcia as President. Seconded by Joe Flores. All voted aye. Tony Garza motioned to appoint Joe Flores for Vice-President. Seconded by Roel Villanueva. All voted aye. Roel Villanueva motioned to appoint Lou Huerta as Secretary. Seconded by Tony Garza. All voted aye. Roel Villanueva motioned to appoint Peggy Marie Chavez as Treasurer. Seconded by Tony Garza. All voted aye. 5. Discussion and Action: FY23-24 Audit, Adrian Webb, CPA Tony Garza motioned to approve the FY23-24 Audit as presented. Seconded by Peggy Marie Chavez. All voted aye. 6. Discussion and Action: DCM Investment Policy Roel Villanueva voted to approve the DCM investment policy. Seconded by Lou Huerta. All voted aye. 7. Discussion and Action: ICSC-Las Vegas Fred Gonzalez voted to take two board members along with the opportunity for two others to attend ICSC-Las Vegas. Seconded by Tony Garza. All voted aye. 8. Discussion and Action: Appointment to Man and Woman ofthe Year Committee Fred Gonzalez motioned to appoint Peggy Marie Chavez to the Man and Woman ofthe Year Committee. Seconded by Marcos Garcia. All voted aye. 9. Discussion and Action: Signature Card for Peggy Marie Chavez Tony Garza motioned to update Signature Cards. Seconded by Joe Flores. All voted aye. 10. Discussion and Action: DCM Signage Improvement Program- Rolando Garza, Brooke S. Cantu, Joseph Trevino, Patricia Cortino, Noelia Juarez, Linda Y. Cermeno, Joseph Duenas, Chris Desiga. Roel Villanueva motioned to approve signage grant applications with discussed modifications and suspended the Signage Grant Program until a further budget reevaluation during a summer board meeting. Seconded by Lou Huerta. All voted aye. 11. Discussion and Action: Purchase of Lobby Furniture Roel Villanueva motioned to approve the purchase of lobby furniture for a total cost of up to $1,900. Seconded by Tony Garza. All voted aye. 12. Discussion and Action: Tabled Items No Action 13. Executive Session: Section 551.087: Economic development negotiations with Project Travel Center, Project M30, Project Ortiz, Project MD2, Project BT, Project MD International, Project Stay, Project 150, Project M2, Project J. San Miguel, Project Renata Ledesma, Project Kamel, Project Arts, Project QSR, Project Bert Ogden and Section 551.071: pending legal issues, 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 12:28PM Peggy Marie Chavez, Board Treasurer exited the Executive Session Meeting at 1:01PM Peggy Marie Chavez, Board Treasurer entered the Executive Session Meeting at 1:05PM The Board went into Open Session at 1:05PM 14. Discussion and Action: item #13 Joe Flores voted to approve the disbursement of $27,209.38 and forgo engaging an auditor. Seconded by Lou Huerta. All voted aye. 15. Adjournment: 1:06PM ay ole Marcos Garcia, President Joe Flores, Jr., Vice-President - Miauolani Chwr Lou Huerta, Secretary Péggs Marie Chavez, Treasurer h 7A 61 Fred" Gonzalez, Member Roel Villanueva, Member Tony Garza, Member