Development Corporation of Mercedes, Inc. Special Called Meeting Wednesday, March 29, 2023 12:30PM Board Members Present: Fred Gonzalez - President Joe Flores - Member Lou Huerta = Secretary Marcos Garcia - Vice President Roel Villanueva- Member Peggy Marie Chavez-Yanez-Treasurer Board Members Absent: Tony Garza-Member EDC Staff Present: Melissa Ramirez - Executive Director Zefra Mascorro = Administrative Coordinator City Staff Present: Alberto Perez City Manager Javier Ramirez- Assistant City Manager Others Present: Isaac Fino- Fino Entertainment David Wallace- Tuffway Entertainment 1. Call Meeting to order Fred Gonzalez called the meeting to order at 12:30PM 2. Discussion and Action: Executive Session: Section 551.087: Economic development negotiations with Project Entertainment and Section 551.071: pending legal issues with 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 12:30PM The Board went into Open Session at 1:10PM 3. Discussion and Action: item #2 Fred motioned to have Executive Director, Melissa Ramirez proceed as discussed in executive session with Project Entertainment. Seconded by Roel Villanueva. All voted Aye. 4. Adjournment: 1:10PM hnl Anch ebuo Fred Gonzalez, President Joe Flores, Jr., Member Vupoy Mmariv Chwwn Auum Tony Garza, Member Pegiy Marie Chavez - Yanez, Treasurer 1A V Roel Villanueva, Member Marcos Garcia, Vice President Lou Huerta, Secretary