Development Corporation of Mercedes, Inc. Regular Called Meeting Wednesday, February 16, 2022 11:30AM Board Members Present: Fred Gonzalez - President Joe Flores - Vice President Tony Garza - Treasurer Peggy Marie Chavez Yanez - Secretary Roel Villanueva- Member Luis Huerta - Member Marcos Garcia - Member Board Members Absent: EDC Staff Present: Melissa Ramirez - Executive Director Norma Saenz Sr. Admin. Coordinator City Staff Present: Mark Sossi - DCM Attorney Others Present: Roberto Carillo CPA, MSA, Givilancz & Martinez Ryan Vaughan - Rios of Mercedes Jose Guerra and Alex Velasco Fork to Fit Owners (Virtual) Tony Karam - General Contractor (Virtual) 1. Call Meeting to order Fred Gonzalez called the meeting to order at 11:31 AM. 2. Discussion and Action: January 19, 2022 and January 26, 2022 Board Minutes. Motion to approve January 19, 2022 minutes by Marcos Garcia. Seconded by Joe Flores. Unanimous. Motion to approve January 26, 2022 minutes as amended to include current and acquired equipment verbiage to item #4 of minutes by Marcos Garcia. Seconded by Tony Garza. Unanimous. 3. Discussion and Action: January 2022 Financials Motion to approve January 2022 financials by Roel Villanueva. Seconded by Tony Garza. Unanimous. 4. Discussion and Action: Election of Officers Motion to approve keeping current officers in their same positions; Fred Gonzalez-President, Joe Flores-Vice President, Tony Garza-Treasurer and Peggy Marie Chavez-anez-Seeretay by Joe Flores. Seconded by Marcos Garcia. Unanimous. Mark Sossi, DCM. Attorney, joined meeting at 11:50 AM 5. Discussion and Action: Downtown Clean Up Motion to obtain 3 bids for the contract labor position to clean up downtown by Tony Garza. Seconded by Marcos Garcia. Unanimous. 6. Discussion and Action: Signage Grant Program Motion to table signage of grant program by Tony Garza. Seconded by Roel Villanueva. Unanimous. 7. Discussion and Action: KRGV Merchant Campaign Motion to renew program as is but allow an additional $1200 to allocate for additional merchants rather than place them on a waitlist approved by Tony Garza. Seconded by Roel Villanueva. Unanimous. 8. Discussion and Action: RGVLS Sponsorship Motion to approve the $5000 yearly sponsorship by Tony Garza. Seconded by Marcos Garcia. Unanimous. 9. Executive Session: Section 551.087: Economic development negotiations with Project Rios of Mercedes, Project F2F, Project G. Schwarz; Section 551.072 Real Estate: Mercedes Original Townsite S 25' ofLT 11, BLK 46; Section 551.074; to deliberate personnel matters; Section 551.071: pending legal issues with G. Gomez 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 11:52 AM Luis Huerta, Board member left meeting at 12:54 PM The Board went into Open Session at 1:46 PM 10. Discussion and Action: item #9 Project Rios of Mercedes Motion to approve $257,000.00 incentive spread over 5 years as discussed in Executive Session by Marcos Garcia. Seconded by Tony Garza. Unanimous. Project FTF - Motion to request additional information from owners Jose Guerra and Alex Velasco as their presentation was very broad; DCM would consider selling the land by Tony Garza. Seconded by Marcos Garcia. Unanimous. Project G. Schwarz - Motion to file an addendum to contract extending groundbreaking 4-8 weeks by Tony Garza. Seconded by Joe Flores. Unanimous. Project Real Estate for Mercedes Original Townsites S25' ofLT 11 BLK 46 - Motion to approve the purchase of the property for $118,000.00 by Tony Garza. Seconded by Joe Flores. Unanimous. 10. Adjournment: 1:49 PM a ) / A (elg Fred Gonzalez, Presidént Joe Flores, Jr., Vice President Puany manie Choywpy MLi Tony Garza, Treasurer Peg!y Marie Chavez - Yanez, Secretary Roel Villanueva, Member Luis Huerta, Member An16 - Marcos Garcia, Member