Development Corporation of Mercedes, Inc. Special Called Meeting Wednesday, November 13, 2024 11:30AM Board Members Present: Fred Gonzalez- President Lou Huerta - Secretary Peggy Marie Chavez Yanez- Treasurer Roel Villanueva Member Board Members Absent: Marcos Garcia --Vice President Tony Garza - Member Joe Flores - 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 Patricio Avila- Assistant City Manager Others Present: Rudy Salinas-SAS CPA Richard Galvan- Project MD International Juan San Miguel- Project J. San Miguel Nayelli Valdemar- Project Renata Ledesma 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:30AM 2. Discussion and Action: October 23, 2024 Minutes Lou Huerta voted to approve the October 23, 2024 Minutes as presented. Seconded by Roel Villanueva. All voted aye. 3. Discussion and Action: October 2024 Financials Roel Villanueva voted to approve the October 2024 Financials as presented. Seconded by Lou Huerta. All voted aye. 4. Executive Session: Section 551.087: Economic development negotiations with Project J. San Miguel, Project Renata Ledesma, Project MD International, Project Stay, Project M30, Project Kamel, Project Travel Center, Project STM, Project Knights, Project ASHTI, Project Arts, Project QSR, Project 150, Project M2, Project Cruz, Project M. Carrillo, Project Bert Ogden, Project A. Garcia, Project RGVLS, Project G. Schwarz, Project Coffee, Project Carwash, Project Rios, and Project UT and Section 551.071: pending legal issues with Case No C-4846-19-A, 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 11:37AM The Board went into Open Session at 1:20PM 5. Discussion and Action: item #4 Roel Villanueva motioned to proceed as discussed with Project MD International and appoint the firm Troiani and Sossi PLLC as substitute trustees on Deed of Trust recorded on October 24th, 2017 with the Hidalgo County Clerks Office under document filing number 2860281. Seconded by Peggy Chavez-Yanez. All voted aye. Roel Villanueva motioned to table Project J. San Miguel. Seconded by Lou Huerta. All voted aye. Peggy Chavez- Yanez motioned to deny request to amend collateral for Project Renata Ledesma. Seconded by Lou Huerta. All voted aye. 6. Discussion and Action: DCM Signage Improvement Program-Greg Purcell, Manuela Garza, Bernabe Rios and Yanira Tamez Roel Villanueva motioned to approve the signage grants for Greg Purcell and Yanira Tamez as is, to have Bernabe Rios of Mama Maria's provide an authorized sign and release form for image on signage and for Manuela Garza of Sackk'sto be approved upon approval of signage from historical commission. Seconded by Peggy Chavez-Yanez. All voted aye. Peggy Chavez-Yanez exited Open Session at 1:27PM Peggy Chavez- Yanez entered Open Session at 1:29PM 7. Discussion and Action: Travel and Training- ICSC Roel Villanueva motioned to approve Travel and Training to attend ICSC-Las Vegas and Dallas. Seconded by Lou Huerta. All voted aye. 8. Discussion and Action: Sponsorship for RGVLS 5K Boot Run Peggy Chavez- Yanez motioned to sponsor the RGVLS 5K Boot Run at a cost of $1,500. Seconded by Lou Huerta. All voted aye. 9. Discussion and Action: Resolution to Approve Utilizing AMEX points for Christmas Bonus/Gift Cards Roel Villanueva voted to approve the Resolution to Utilize 100,000 AMEX points for Christmas Bonus/Gift Cards in the amount of $250 for three employees. Seconded by Lou Huerta. All voted aye. 10. Discussion and Action: Office Furniture Roel Villanueva voted to approve the purchase of a Arkadius 86.2" Genuine Leather Channel Tufted Couch at a cost of $1,829.99. Seconded by Peggy Chavez- Yanez. All voted aye. 11. Discussion and Action: Tabled items 12. AdjourmmentlSIPM - A Fred Gonzalez, President Joe Flores, Jr., Member Marcos Garcia, Vice-President Tony Garza, Member VIn nuni Cha pur Peggy Marie Chavez-Yanez, Treàsurer Roel Villanueva, Member Lou Huerta, Secretary