STATE OF TEXAS 3 - April 22, 2025 COUNTY OF ORANGE 3 BEI IT REMEMBERED THAT a regular meeting of the Orange Economic Development Corporation of the City of Orange, Orange County, Texas, was held in the City Council Chambers (Library Auditorium) on Tuesday, April 22, 2025. EDC MEMBERS PRESENT: George Mortimer President Mary McKenna Vice-President (arrived at 4:58 p.m.) Caroline Hennigan Treasurer Larry Spears Jr. Director Dustin Yu Director EDC MEMBERS ABSENT: Kimberly Manning Secretary Margaret Hope-Adams Director COUNCIL MEMBERS PRESENT: Paul Burch Council Member Matt Chandler Council Member Brad Childs Council Member (seated in the audience as a project owner) COUNCIL MEMBERS ABSENT: Terrie T. Salter Council Member STAFF MEMBERS PRESENT: Michael Kunst City Manager Jay Trahan Assistant City Manager, Director of Economic Development Patricia Anderson City Secretary Jennifer Pool Deputy City Secretary Cheryl Zeto Director of Finance Mike Zeto Director of IT and Communications Adam Jack Director of Public Works Lane Martin Chief of Police Hillary Gravett Assistant EDC Director Kate Leverett City Attorney STAFF MEMBERS ABSENT: None President Mortimer called the meeting to order at 4:30 p.m. MOTION FINDING THAT THE ADVANCE POSTING AND NOTICE REQUIREMENTS OF ARTICLE 8.1200 OF THE CODE OF ORDINANCES OF THE CITY OF ORANGE, TEXAS HAVE BEEN METI IN RELATION TO ALL MINUTES AND PENDING RESOLUTIONS ON" THIS AGENDA AND THAT THE READING OF SUCH ITEMS BE CONFINED TO THE CAPTION OF THE RESOLUTIONS. Orange Economic Development Corporation 2 April 22, 2025 Director Spears moved to approve the motion. Second to the motion was made by Treasurer Hennigan, which carried unanimously. CITIZEN COMMENTS There were no citizen comments. APPROVAL OF MINUTES Director Yu moved to approve the minutes of the April 8, 2025 Orange Economic Development Corporation Meeting. Second to the motion was made by Director Spears, which carried unanimously. DISCUSSION/ACTION MOTION ACKNOWLEDGING RECEIPT OF THE ORANGE ECONOMIC DEVELOPMENT CORPORATION FINANCIAL REPORT FOR THE QUARTER ENDING MARCH 31, 2025. Director Yu moved to approve the motion. Second to the motion was made by Treasurer Hennigan, which carried unanimously. MOTION ACKNOWLEDGING RECEIPT OF THE ORANGE ECONOMIC DEVELOPMENT CORPORATION INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31, 2025. Treasurer Hennigan moved to approve the motion. Second to the motion was made by Director Spears, which carried unanimously. MOTION ACKNOWLEDGING RECEIPT OF THE ORANGE ECONOMIC DEVELOPMENT CORPORATION'S ANNUAL FINANCIAL REPORT AND AUDIT REPORT AS PRESENTED BY BROOKSWATSON & CO. PLLC FOR THE FISCAL YEAR ENDING SEPTEMBER 30, 2024. Mike Brooks, Audit Partner with BrooksWatson & Company, PLLC presented a PowerPoint presentation which is included in and being made a part of these minutes. He gave a brief overview of the audit and advised the Corporation received an Unmodified Opinion", which is the highest level of assurance and received zero adjustments. Treasurer Hennigan moved to approve the motion. Second to the motion was made by Director Yu, which carried unanimously. MOTION TO APPROVE AN EDC INFRASTRUCTURE GRANT AGREEMENT WITH CHILDS MANUFACTURING AND BUILDING SUPPLY INC., 3704 N. 16TH STREET, ORANGE, TEXAS 77632. THE NCENTIVE IS IN AN AMOUNT NOT TO EXCEED $50,000 TO CONSTRUCT A TXDOT CURB CUT ON THE IH-10 WEST FRONTAGE ROAD, FOR THE PURPOSE OF ECONOMIC DEVELOPMENT. Orange Economic Development Corporation 3 April 22, 2025 Mr. Trahan advised that Mr. Childs was in the audience as the project owner. Mr. Trahan also advised the curb-cut permit was approved and issued by TXDOT and that Mr. Childs is ready to break ground on the project. Treasurer Hennigan moved to approve the motion. Second to the motion was made by Director Yu, which carried unanimously. MOTION TO AMEND CHAPTER 380 ECONOMIC DEVELOPMENT PROGRAM AGREEMENT BETWEEN THE CITY OF ORANGE, TEXAS AND NTERNATIONAL PAPER COMPANY, TERMINATING THE ORIGINAL AGREEMENT, EFFECTIVE OCTOBER 31, 2024. Director Spears moved to approve the motion. Second to the motion was made by Director Yu, which carried unanimously. REPORTS FROM DIRECTORS President Mortimer advised for people to get out and vote. ADJOURN TO CLOSED EXECUTIVE SESSION 7. a) Deliberation Regarding Economic Development Negotiations as authorized by Section 551 of the Texas Government Code: (1) Deliberation regarding real estate development project proposal as authorized by Section 551.087 of the Texas Government Code. (2) Deliberation regarding real estate development project proposal as authorized by Section 551.087 of the Texas Government Code - Westside Waterline project update. The Economic Development Corporation met in a closed executive session at 4:55 p.m. Vice-President McKenna arrived to the meeting at 4:58 p.m. This was after Item #7 a) (1) ended and as Item # 7 a) (2) was beginning. RECONVENE IN OPEN SESSION The Economic Development Corporation reconvened in open session at 5:08 p.m. There was no action taken for Item 7 a (1). Item 7 a (2) had the following motion: MOTION TO APPROVE ADDITIONAL COSTS AT THE WESTSIDE WATERLINE PHASE 2 PROJECT SITE DUE TO THE NEED FOR ADDITIONAL MATERIALS IN AN AMOUNT NOT TO EXCEED $15,000 FOR THE PURPOSE OF ECONOMIC DEVELOPMENT. THE TOTAL EDC Orange Economic Development Corporation 4 April 22, 2025 INCENTIVE FOR THE PROJECT IS IN AN AMOUNT NOT TO EXCEED $585,000, WHICH WILL REQUIRE AN AMENDMENT TO THE EDC AGREEMENT. Treasurer Hennigan moved to approve the motion. Second to the motion was made by Director Spears, which carried unanimously. ADJOURNMENT There being no further business before the Corporation, Director Spears moved to adjourn the meeting. Second to the motion was made by Director Yu, which carried unanimously. The meeting adjourned at 5:09 p.m. George Mortimer, President ATTEST: / - - an Caroline Hennigan, Treasyrer