Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, July 20, 2022 11:30AM Board Members Present: Fred Gonzalez - President Tony Garza - Treasurer Luis Huerta - Member Marcos Garcia - Member Board Members Absent: Joe Flores - Vice President Peggy Marie Chavez - Yanez - Secretary Roel Villanueva- Member EDC Staff Present: Melissa Ramirez - Executive Director Norma Saenz - Administrative Coordinator City Staff Present: Others Present: Rudy Salinas - Givilancz & Martinez Others Absent: Mark Sossi - DCM Attorney 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:30 AM. 2. Discussion and Action: June 15, 2022 Minutes Marcos Garcia motioned to approve June 15, 2022 minutes as presented. Seconded by Luis Huerta. Unanimous. 3. Discussion and Action: June 2022 Financials Marcos Garcia motioned to approve June 2022 financials as presented. Seconded by Luis Huerta. Unanimous. 4. Discussion: FY 22-23 Budget Melissa Ramirez, Executive Director presented overview of upcoming budget for new fiscal year. Mark Sossi, DCMAtorneyjoined meeting at 12:20 PM 5. Executive Session: Section 551.087: Economic Center, Project MD and Section 551.071: development negotiations with Project Travel pending legal issues with on any regular agenda item requiring USDA, delinquent loans and confidential, attorney-client advice deliberation or discussion of said item as needed. necessitated by the The Board went into Executive Session at 12:23 PM The Boardi went into Open Session at 1:04 PM 6. Discussion and Action: item #5 No Action 7. Adjournment: 1:05 PM 661 Fred Gonzalez, ésident/ JoeFlufes, Jr., Vice President KK Tony Garza, Treasurer Pegge Marie Chavez - Yanez) Secretary Roel Villanueva, Member LuisHuèrta, Member ha Marcos Garcia, Member - -