Meeting Minutes Regular Meeting of the Oak Point Economic Development Corporation Oak Point City Hall 100 Naylor Road Oak Point, Texas 75068 OAK POINT Tuesday, April 8, 2025 : 6:00 P.M ECONOMICI DEVELOPMENT CORPORATION 1. Call to order, roll call, and announce a quorum is present. Deborah Armstrong President Present David Wootton Vice President Present Ethan Mabe Director Absent Debbie Peterman Director Present Chris Risher Director Present Greg Weiler Director Present James Hankins Director Present City staff present: Wayne McKethan Interim City Manager Jennifer Henry EDC Secretary Council Members Present: Mayor Dena Meek And with a quorum present thet following items were addressed: 2. Pledge of Allegiance and Pledge to the Texas Flag President Armstrong led the Pledge of Allegiance and the Pledge to the Texas Flag. 3. Public Input No Public Input 4. Consider and act upon the minutes from the March 11, 2025, meeting of the Oak Point Economic Development Corporation. Director Hankins made a motion to approve the minutes from the March 11, 2025, meeting of the Oak Point Economic Development Corporation; motion seconded by Director Peterman, Motion Passed 6-0 5. Review and discuss the financial report of the Oak Point Economic Development Corporation. Interim City Manager McKethan spoke on the budget and explained that the EDC had a good budget balance, but the report was 2 months in arrears. McKethan explained how to view and understand the sales tax and expressed that the budget was still on track to maintain an 11% increase over the prior year. 6. Monthly Staff Report. Interim City Manager McKethan gave an overview of the March Staff Report. Items discussed were developer updates on FM 720, recently issued permits Vs. permits issued last year, McKethan estimated the number of new home permits would be around 1,674 with the new communities coming to Oak Point. An update on the Skorberg project was mentioned detailing a resolution allowing the mayor to execute an annexation agreement with the developer. 7. Discussion on the Ashlar Agreement. Interim City Manager McKethan shared portions of the Ashlar Development Agreement, specifically the amendment to the agreement: Article IlI-Civic Center, McKethan conveyed that as part oft the recent amendment, the original 15-year term was changed to a max term of 6 months, he explained the benefit oft the change and what the new terms entalled. Also discussed was the site for the civic area and the 4 acres that will be conveyed to the city. A Commercial Land & Civic Site concept draft print out was given to EDC members. Several renderings were included in the packet that showed different concepts for the SW Commercial Parcel. Mayor Meek addressed several questions and concerns that were expressed during the discussion. 8. Discuss future agenda items for the next regular meeting of the Economic Development Corporation. In person update from Catalyst Review Halff agreement Review Catalyst agreement Update on LaRustica loan agreement President Armstrong Adjourned the meeting at 7:23 p.m. _Deborah Armstrong, President ATYÉST: Jennifer Henry