Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, March 15, 2023 11:30AM Board Members Present: Fred Gonzalez - President Joe Flores - Member (Virtually) Lou Huerta - Secretary Marcos Garcia - Vice President Roel Villanueva- Member Board Members Absent: Tony Garza - Member Peggy Marie Chavez Yanez Treasurer EDC Staff Present: Melissa Ramirez - Executive Director Zefra Mascorro - Administrative Coordinator Mark Sossi - DCM Attorney City Staff Present: Alberto Perez - City Manager Others Present: Rudy Salinas, SAS CPA Isaac Fino- Fino Entertainment 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:30 AM. 2. Discussion and Action: February 15, 2023 Board Minutes Roel Villanueva motioned to approve the February 15, 2023 Board Minutes as presented. Seconded by Lou Huerta. All voted aye. 3. Discussion and Action: January 2023 Financials Roel Villanueva motioned to approve the January 2023 Financials as presented. Seconded by Marcos Garcia. All voted aye. Alberto Perez, City Manager entered meeting at 11:36AM 4. Discussion and Action: TX Class Report Marcos Garcia motioned to approve the TX Class Report as presented. Seconded by Lou Huerta. All voted aye. 5. Billboard Marcos Garcia motioned to table the item. Seconded by Roel Villanueva. All voted aye 6. Discussion and Action: Signage Grant Marcos Garcia motioned to have the city to provide an updated draft signage ordinance within the next 30 days and revisit the signage grant program at the next meeting. Seconded by Roel Villanueva. Fred Gonzalez and Lou Huerta voted aye. Joe Flores voted nay. Motion passes. 7. Executive Session: Executive Session: Section 551.087: Economic development negotiations with Project Entertainment, Project G. Schwarz, Project Cruz, Project STM, Project Coffee, Project Killer V, Project MD, Project M2, Project M30, Project Carwash and Project UT, Section 551.072 Real Estate: Purchase of Mercedes Original Townsite Lot 14 BLK 50 and Section 551.071: pending legal issues with delinquent loans, G. Gomez, 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 12:01 PM The Board went into Open Session at 1:16 PM 8. Discussion and Action: item #7 Roel Villanueva motioned to schedule another meeting with Project Entertainment next week. Seconded by Marcos Garcia. All voted aye. Marcos Garcia motioned to proceed with the purchase of Mercedes Original Townsite Lot 14 BLK 50. Seconded by Lou Huerta. All voted aye. 9. Adjournment: 1:23 PM SAA Ah lbed Fred Gonzalez, President Joe Flores, Jr., Member A OpAw maniv Chawny wun Tony Garza, Member Peggy-Marie Chavez - Yanez, Treastrer AN Roel Villanueva, Member Marcos Garcia, Vice President Lou Huerta, Secretary