MINUTES CRANDALL ECONOMIC DEVELOPMENT CORPORATION CITY OF CRANDALL, TEXAS Crandall EDC Conference Room - 116 South Main Street - Crandall, Texas 75114 Monday - April 14, 2025, at 4:00 p.m. REGULAR BOARD OF DIRECTORS MEETING 1. Call to Order President Cody Frazier called the meeting to order at 4:00 pm 2. Invocation Invocation given by Vice President Jon Capps 3. Roll Call President: Cody Frazier P Vice President: Danny Kirbie P Sec./Treasurer: Rebekah Eskridge P Member: Brant Bennett P Member: Jason Hathaway P Member: Cortney Heinisch A Member: Jon Capps P CEDC Staff: Mike Slye P 4. Citizen Comments: No citizen comments. 5. Director's Report A. Monthly Activities i. Developer Meetings Mr. Slye reported on many formal/informa developer meetings this Month. Developers that are already here are trying to resolve outstanding developer agreements. Information from TxDOT: It will be 5 - 7 years out for the bridge widening. Whichever comes first, the bypass or Eagle Crest Parkway will trigger HWY 175 frontage roads going one way. ii. EDA Grant Application Working on alternative financing plans to get projects funded. Mike Slye brought the city, JWS, Cambridge, and EDC together to figure out another financial plan to get Eaglecrest Parkway built. The Federal Govemment is releasing $1.5 billion dollars in their EDA Grant Program, 1st come 1st service basics. 80/20 (80 government 20 us). This program is opening early June. We are getting an estimate together for Phase 1 & 2 to Lewis Street. Including utilities, lighting, and sidewalks. Mike Slye is on the April 21st City Council Agenda. The EDC Board wants 4 lanes thru the commercial/retail phase not 2. 1 6. Financial Report A. March 2025 Financial Report Fixed Assets Explained. Vice President Kirbie made a motion to approve the March 2025 financial report. Director Capps seconded. BOD approved unanimously. 7. City Manager's Report Here are the highlights from the city: Continued efforts to secure federal funding for the City's major sewer force main project Lennar is preparing to begin home sales in the. Arbors at Eastland development, with lot sales anticipated to start in late May or early. June. The City will host a Movie Night on Thursday, April 17, as a fun and informative event to help educate the public on the upcoming Home Rule election. Everyone is welcome to attend. Staffi is actively exploring additional grant opportunities to enhance sidewalks and pedestrian walkways throughout the city. The City is evaluating participation in the Texas Coalition for Affordable Power (TCAP) to secure more competitive electricity rates. The City is working toward transferring operations of the wastewater treatment plant back to the North Texas Municipal Water District (NTMWD). Consent Agenda 8. Approval of the Minutes March 10, 2025 Vice President Kirbie made a motion to accept the Minutes. Director Eskridge seconded the motion. BOD approved motion unanimously Regular Agenda 9. Eaglecrest Parkway Financing Options: A. Bond B. Cert of Obligation C. State Infrastructure Bank (SIB) No discussion. 2 10. TxDOT/Kaufman County Road Projects Update A. 148 North i. KC to release funding Mid-April KC released $2.2 million for PS&E design work for FM 148 North B. 175 Bridge i. Combined with Mabank Improvement RFQ (Slowed down) C. 741 Widening $10M obligated for FM 741 widening to Spring Creek will not fund the entire scope of this project. 11. Brookshire Brothers purchase & current appraisal A. 2019 Appraisal = $560K.. 'Does that get the deal done?" B. 2024 Appraisal = $1,020,000 No discussion. 12. NextSite Software Subscription A. $10K Director Capps made a motion to approve the NextSite Software Subscription. Director Hathaway seconded the motion. BOD approved motion unanimously. 13. Sewer Force Main Letter of Support The letter of support for the Sewer Force Main was signed by President Frazier. Executive Session Motion to enter into Executive Session at 5:05pm by Director Eskridge, seconded by Director Kirbie and approved unanimously by the BOD. 14. 551.072 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS; CLOSED MEETING. (1) To discuss or deliberate regarding commercial or financial information that the governmental body has received from a business prospect that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations; or (2) to deliberate the offer of a financial or other incentive to business prospects: A. Project River Ridge B. Project Cox C. Eaglecrest Parkway D. Project 148 Bypass i. Petroff Site Plan ii. Rizos Concept Plan 15. 551.074. PERSONNEL MATTERS; CLOSED MEETING. (1) To deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: Mike Slye, EDC Interim Director Consultant Contract 3 16. Adjourn from Executive Session Vice President Kirbie made a motion to adjourn from the Executive Session, seconded by Director Capps. 17. Take any and all actions required related to the Executive Session 18. Future Agenda Items Education Foundation - Businesses give a percentage to education to support our school system. 19. Adjournment Motion to adjourn the meeting at 5:39 pm by Director Kirbie, seconded by Director Eskridge and approved unanimously by the BOD. Respectfully submitted: Rupah Sakidys Rebekah Eskridge, Secfétary se CodyFrazier, President - 5 2 / A - 4