Development Corporation of Mercedes, Inc. Special Called Meeting Wednesday, September 7, 2022 11:30AM Board Members Present: Fred Gonzalez - President Joe Flores - Vice President Peggy Marie Chavez - Yanez - Secretary Luis Huerta Member Roel Villanueva- Member Board Members Absent: Tony Garza Treasurer Marcos Garcia - 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 11:30 AM. 2. Discussion and Action: August 17, 2022 Minutes Lou Huerta motioned to approve the August 17, 2022 minutes. Seconded by Joe Flores. Unanimous. 3. Discussion and Action: August Financials No Action 4. Discussion and Action: TXCLASS Report Roel Villanueva motion to approve the TXCLASS Report. Seconded by Peggy Marie Chavez-Yanez. Unanimous. Mark Sossi entered the meeting at 11:53AM. 5. Discussion and Action: 1.6 Acre Drainage Easement out of Lot 12, Block 80, Campacuas Addition, Mercedes, Texas Joe Flores motioned to approve conveying the easement to the City ofMercedes; ifthe City does not make substantial drainage improvements, the easement reverts back to the DCM. The attorney will draft the necessary paperwork. Seconded by Peggy Marie Chavez-Yanez. Unanimous. 6. Executive Session: Section 551.087: Economic development negotiations with Project Travel Center, Project MD, Project STM, Project H. Reynoso; Section 551.072 Real Estate: Mercedes Original Townsite Lot 14 BIk 50, Mercedes Original Townsite Lot 15 & Pt ofLot16 & 17 BLK 50 and Section 551.071: pending legal issues 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 12:00 PM The Board went into Open Session at 2:00 PM 7. Discussion and Action: item #8 Joe Flores motioned to proceed as discussed in Executive Session with Southern Tire Mart. Seconded by Roel Villanueva. Unanimous. Roel Villanueva motioned to approve 12 months interest only payments for Project H. Reynoso; foreclosure proceedings would initiate after 3 missed payments. Seconded by Joe Flores. Unanimous. Joe Flores motioned to proceed with purchasing Mercedes Original Townsite Lot 14 blk 50 as discussed in Executive Session. Seconded by Roel Villanueva. Unanimous. Joe Flores motioned to proceed with obtaining bids to demo the home located at Mercedes Original Townsite Lot 15 & PR ofLot 16 & 17 BLK 50. Seconded by Roel Villanueva. Unanimous. 8. Adjournment: 2:02PM A Fred Gonzalez, President Joe Florés, Jr., Vice President Yhamy Mmati Chayer yung. Tonv Garza, Treasurer Peg-Warie Chavez - YahezySecretary Xid Réel Villanueva, Member Luis Huerta, Member Marcos Garcia, Member