Development Corporation of Mercedes, Inc. Agenda March 19,2025 at 11:30AM 320 S Ohio NOTICE, is hereby given that the Development Corporation ofl Mercedes, Inc. will be holding a Regular Called Meeting on Wednesday, March 19, 2025 at 11:30AM at the Development Corporation of Mercedes at 320 South Ohio for the purpose of considering and taking formal action regarding the following items: 1. Call meeting to order 2. Discussion and Action: February 19, 2025 Minutes 3. Discussion and Action: February 2025 Financials 4. Discussion and Action: TXCLASS Quarterly Report 5. Discussion and Action: FY24-25 Budget Amendment 6. Discussion and Action: Resimplify Proposal 7. Discussion and Action: Conveyance of2.10 Acres out of Lots 11 and 12, Block 80, Campacuas Addition and 9.24 acres out of Lot 9, Block 103, Campacuas Addition to City of Mercedes for Drainage Improvements 8. Discussion and Action: Tabled Items 9. Executive Session: Section 551.087: Economic development negotiations with Project Gomez, Project American Legion, Project J. San Miguel, Project Renata Ledesma, Project M30, Project Stay, Project Kamel, Project ASHTI, Project Arts, Project QSR, Project 150, Project M2, Project Cruz, Project Bert Ogden, Project RGVLS, Project G. Schwarz, Project Coffee, Project Carwash, Project Rios and Project UT, and Section 551.071: pending legal issues, delinquent loans and on any regular agenda item requiring confidential, attorney- client advice necessitated by the deliberation or discussion of said item as needed. 10. Discussion and Action: item #9 11. Adjournment The Board of Directors reserves the right to go into Executive Session at any time during the meeting to consult with its attorney in accordance with Section 551.071; deliberate the purchase or sale ofreal property in accordance with Section 551.072; deliberate personnel matters in accordance with Section 551.074; and/or deliberate economic development negotiations in accordance with Section 551.087. This notice is given in accordance with Vernon's Texas Code Annotated, Texas Govemment Code, Section 551.001 et. seq. Ihereby certify this Notice ofal Meeting ofthel Development Corporation of! Mercedes was posted in accordance with the Open Meetings Act on the outside bulletin board at City Hall oft the City of Mercedes, located at 400 S Ohio, visible and accessible to the general public during and after working hours. This notice was posted on the 14" day of March 14th at 4PM and will remain sO posted continuously for at least 72-hours proceeding the scheduled time oft this meeting in accordance with Chapter 551 oft the Texas Governmen/f(ode) VUL L wD A ATTEST: Melissa Ramirez, Development Corporation of Mercedes