Benbrook EDA BENBROOK ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING MINUTES MONDAY, APRIL 21, 2025 911 WINSCOTT ROAD, BENBROOK, TEXAS WORK SESSION: The Benbrook Economic Development Corporation (BEDC) Board of Directors met at 6:15 p.m. to discuss the agenda items and review staff updates. The Work Session was held in the Benbrook City Hall Central Conference Room. The Work Session recessed at 6:46 p.m. Board Members in Attendance: Gary A. Lindsay Place 1 Dr. Danyelle Ackall Place 2, BEDC Secretary Kristen Melton Place 3 Thomas Casey Place 4, BEDC Vice President Kent Williams Place 5, BEDC President Omar P. Aguilar Place 7 Board Members Not in Attendance: Phyllis Harkins Place 6 Staff Present: Jessica James, Director of Economic Development and Marketing and Breanna Bowen, Manager of Economic Development and Marketing REGULAR SESSION = CONVENED INTO THE COUNCIL CHAMBERS I. CALL TO ORDER The BEDC Regular Board Meeting was called to order at 7:00 p.m. on Monday, April 21, 2025, in the Benbrook City Hall Council Chambers, located at 911 Winscott Road, Benbrook, Texas. II. CITIZEN'S PUBLIC FORUM President Williams opened the Citizen's Public Forum to allow citizens to comment on any agenda item. There were no citizen comments. III. ACTION ITEMS A. Approve the March 17, 2025, Regular Board Meeting Minutes. Ms. Melton made a motion to approve the March 17, 2025, Regular Board Meeting Minutes as presented. Mr. Casey seconded the motion. The motion passed; 6-0. BEDC Regular Board Meeting Minutes I April 21, 2025 Page 1of3 Benbrook EDD IV. DIRECTORS REPORT Receive Monthly Financial Report for Period Ending March 31, 2025. Presentation Highlights: Liquid assets as of March 31, 2025 o Checking account: $3,175,810.12 o Checking account interest earned: $4,767.82 C TexPool account: $4,141,299.47 TexPool account interest earned: $15,189.74 o Total liquid assets: $7,317,109.59 Total revenue for March 2025: $190,637.13 This amount includes: Sales tax revenue for March 2025: $168,947.91 Interest earned on account: $19,957.56 BKV North Texas, LLC: $1,731.66 Encumbered Funds as of March 31, 2025: $2,993,478.54 This amount includes: o Total current and pending projects: $2,961,544.64 o Total operating expenses for March 2025: $31,933.90 Fund balance as of March 31, 2025: $4,323,631.05 V. EXECUTIVE SESSION The Board convened into Executive Session at approximately 7:07 p.m. to discuss the items below. Pursuant to the Texas Open Meetings Act: A. Section 551.072 Deliberations Regarding Real Property. Deliberate the purchase, exchange, lease, or value of real property, as deliberation in an open session would have a detrimental effect on the position of governmental body negotiations with a third person. DISCUSS PROPERTY LOCATED AT 610 WINSCOTT. DISSCUSS PROPERTY LOCATED AT 8000 LIFFORD ST. VI. RECONVENE INTO OPEN SESSION The BEDC Board reconvened into open session at 7:51 p.m. VII. TAKE ANY NECESSARY OR APPROPRIATE ACTION AS A RESULT OF CLOSED EXECUTIVE SESSION VIII. ADJOURNMENT The meeting adjourned at approximately 7:52 p.m. BEDC Regular Board Meeting Minutes 14 April 21, 2025 Page 2 of3 Benbrook EDA APPROVED: Ls KENT WILLIAMS PRESIDENT ATTEST: DR A7 NYELLE ACKALL SECRETARY BEDC Regular Board Meeting Minutes I April 21, 2025 Page: 3 of3