Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, January 19, 11:30AM Board Members Present: Fred Gonzalez - President Joe Flores = Vice President Tony Garza - Treasurer Roel Villanueva- Member (Virtual) Luis Huerta - Member (Virtual) Marcos Garcia - Member Board Members Absent: Peggy Marie Chavez = Yanez - Secretary EDC Staff Present: Melissa Ramirez - Executive Director Norma Saenz - Sr. Admin. Coordinator City Staff Present: Mark Sossi - DCM Attorney Others Present: Roberto Carillo - CPA, MSA, Givilancz & Martinez Joseph Duenas Mid Valley Fitness (Virtual) Heriberto Reynoso - Reybotics (Virtual) 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:34 AM. 2. Discussion and Action: December 15, 2021 Board Minutes. Motion to approve December 15, 2021 minutes by Marcos Garcia. Seconded by Joe Flores. Unanimous. 3. Discussion and Action: December 2021 Financials Motion to approve December 2021 financials by Joe Flores. Seconded by Marcos Garcia. Unanimous. 4. Discussion and Action: Election of Officers Motion to table election of officers, as not all members were present by Marcos Garcia. Seconded by Joe Flores. Unanimous. 5. Discussion and Action: Central Business District Clean Up 6. Discussion and Action: Signage Grant Program Motion to table signage of grant program by Tony Garza. Seconded by Joe Flores. Unanimous. 7. Discussion and Action: DCM Investment Policy Motion to approve as presented by Melissa Ramirez, Executive Director by Joe Flores. Seconded by Marcos Garcia. Unanimous. 8. Executive Session: Section 551.087: Economic development negotiations for Mercedes Original Townsite S 88.5' -E 110' BIk 2, Project MD, Project Travel Center and Project H. Reynoso and Project J. Duenas 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 11:58 AM Luis Huerta, Board member left meeting at 1:08 PM The Board went into Open Session at 1:18 PM 9. Discussion and Action: item #8 Economic development negotiations for Mercedes Original Townsite - Motion to proceed as discussed with legal counsel by Marcos Garcia. Seconded by Joe Flores. Unanimous. Project H. Reynoso = Motion to approve Modification/Extension for 6 months interest only monthly payments by Tony Garza. Seconded by Marcos Garcia. Unanimous. Project J. Duenas - Motion to request 2021 financials, itemization and value of all equipment and using equipment as collateral by Marcos Garcia. Seconded by Joe Flores. Unanimous. 10. Adjournment: 1:20 PM alha Fred Gonzalez, President Joe Flores, Jr., Vice President 1ag TonyGarza, Treasurer Pegy-Marie Chavez - Yahez, Secretary Roel) Millanueva, Member Luis Huerta, Mèmber - L Marcos Garcia, Member