Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, May 15, 2024 11:30AM Board Members Present: Marcos Garcia -Vice President Peggy Marie Chavez Yanez- Treasurer Joe Flores - Member Tony Garza - Member Board Members Absent: Fred Gonzalez- President Lou Huerta Secretary Roel Villanueva = Member EDC Staff Present: Melissa Ramirez - Executive Director Zefra Mascorro - Administrative Coordinator Mario Salinas - Marketing Specialist Mark Sossi - DCM Attorney EDC Staff Absent: City Staff Present: Alberto Perez- City Manager City Staff Absent: Others Present: Rudy Salinas-SAS CPA 1. Call Meeting to order Marcos Garcia called the meeting to order at 11:35AM 2. Discussion and Action: March 20, 2024 Minutes Joe Flores voted to approve the April 17, 2024 Minutes as presented. Seconded by Peggy Chavez-Yanez. All voted aye. 3. Discussion and Action: April 2024 Financials Tony Garza voted to approve the April 2024 Financials as presented. Seconded by Joe Flores. All voted aye. 4. Discussion: FY24-25 Draft Budget No Action 5. Discussion and Action: Top Gym Sponsorship No Action 6. Discussion and Action: Tabled Items No Action 7. Executive Session: Section 551.087: Economic development negotiations with Project Kamel, Project STM, Knights, Project ASHTI, Project Arts, Project QSR, Project M30, Project 150, Project M2, Project Cruz, Project M. Carrillo, Project AHSTI, Project Bert Ogden, Project A. Garcia, Project RGVLS, Project Mercedes Light Industrial Park, Project G. Schwarz, Project Coffee, Project Carwash, Project Rios, Project UT, 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 12:08PM The Board went into Open Session at 12:47PM 10. Discussion and Action: item #7 Tony Garza motioned to proceed as discussed in Executive Session with Project Kamel. Seconded by Joe Flores. All voted aye Joe Flores motioned to proceed as discussed in Executive Session with Project STM and extend the performance agreement for 60 days. Seconded by Joe Flores. All voted aye 11. Adjournment: 12:49PM pebce Fred Gonzalez, President Joe Flores, Jr., Member / A a S Marcos Garcia, Vice-President Tony Garza, Member Bragy "mariv Chaww? rng Pegy Marie Chave-"amézreasirer Roel Villanueva, Member Lou Huerta, Secretary