Development Corporation of Mercedes, Inc. Special Called Meeting Wednesday, October 28, 2022 8:00AM Board Members Present: Fred Gonzalez - President Joe Flores = Vice President Tony Garza - Treasurer Marcos Garcia - Member Board Members Absent: Peggy Marie Chavez - Yanez - Secretary Luis Huerta - Member Roel Villanueva- Member EDC Staff Present: Melissa Ramirez - Executive Director Mark Sossi- DCM Attorney 1. Call Meeting to order Fred Gonzalez called the meeting to order at 8:03AM. 2. Executive Session: Section 551.087: Economic development negotiations with Project MD, Section 551.072 Real Estate: Conveyance of Lot 20, Valle De Palmas Subdivision, Unit 2, Hidalgo County, Texas and Section 551.071: pending legal issues and on any regular agenda item requiring confidential, attorney-client advice necessitated by the deliberation or discussion ofsaid item as needed. The Board went into Executive Session at 8:04. AM The Board went into Open Session at 8: 25AM 3. Discussion and Action: item #2 Tony Garza motioned to approve the termination agreement between the City and the DCM for Project MD. Seconded by Marcos Garcia. Unanimous. Marcos Garcia motioned Fred Gonzalez execute the real estate agreement for the conveyance ofLot 20, Valle De Palmas Subdivision, Unit 2, Hidalgo County Texas for Project MD. Seconded by Tony Garza. Unanimous. Tony Garza motioned to direct the attorney to draft the deed for Project MD as discussed in Executive Session. Seconded by Marcos Garcia. Unanimous. 4. Adjournment: 8:29AM f 7 - lElou Fred Gonzalez, President Joe Flores, Jr., Vice President Tony Garza, Tieasurer Peggy Marie Chavez - Yanez, Secretary Roel Villanueva, Member Luis Huerta, Member Marcos Garda-Member