MAY 1, 2025 REGULAR MEETING OF THE MUNICIPAL DEVELOPMENT DISTRICT OF THE TOWN OF ARGYLE, TEXAS, HELD ON THIS DATE WITH THE FOLLOWING MEMBERS PRESENT: PRESENT PRESIDENT, PLACE 3 DAVID WYLIE VICE-PRESIDENT, PLACE 5 PAMELA BATSON DIRECTOR, PLACE 4 PETER TILTON DIRECTOR, PLACE 6 KRISTIN JAIN DIRECTOR, PLACE 7 JOAN DELASHAW TOWN ATTORNEY BRENDA MCDONALD DIRECTOR OF COMMUNITY DEVELOPMENT HARRISON WICKS ABSENT DIRECTOR, PLAGE 1 CASEY STEWART DIRECTOR, PLACE 2 RONALD SCHMIDT CALL TO ORDER President Wylie called the meeting to order at 6:02 p.m. OPEN FORUM President Wylie opened the open forum at 6:03 p.m. With no speakers, President Wylie closed the open forum at 6:03 p.m. SPECIAL PRESENTATION Retail Strategies Recruitment Plan Senior Portfolio Director. Madison Neal and Retail Development Coordinator Megan Berisha provided an annual presentation from Retail Strategies recapping what they accomplished over the last calendar year for the Town of Argyle. They also answered questions from the MDD Directors. No action was taken. STAFF REPORT 1. Receive a staff report on the MDD financial status as of April 24, 2025. Finance Director Marissa Barrett provided a report. The MDD Directors discussed the report and asked questions to staff. No action was taken. CONSENT AGENDA 2. Consider approval of the Argyle Municipal Development District Board meeting minutes for the meeting held on April 3, 2025. Director Tilton moved to approve the MDD Board meeting minutes from April 3, 2025, as presented. Director Jain seconded the motion. The motion passed 5-0. ACTION ITEMS 3. Discuss, consider, and act on the day and time of regular monthly meetings held by the Municipal Development District. The MDD Directors discussed the request to move regular monthly MDD board meetings to the first Tuesday of each month. Director Tilton moved to approve the new day and time of regular monthly meetings held by the Municipal Development District to be the first Tuesday of each month at 6pm. Director Jain seconded the motion. The motion passed 5-0. 4. Discuss, consider, and act on an economic incentive request for the Red Lantern Fusion Restaurant for an amount up to $150,000. The MDD Directors received a presentation from business owners Justin and Tran Guo with the Red Lantern Fusion Restaurant. The proposed restaurant has not been opened yet and is planning to occupy a suite in the two-story retail building located at 8595 US Hwy 377, Argyle, TX 76226. President Wylie indicated he would like more time to consider the request and allow absent MDD board members time to provide feedback as well. Director Tilton moved to table the economic incentive request for the Red Lantern Fusion Restaurant to the next regular MDD meeting on Tuesday, June 3, 2025. Director Jain seconded the motion. The motion passed 5-0. WORKSHOP ITEMS 5. Discuss the creation of an MDD grant application, incentive policy, and application evaluation policy. Community Development Director Harrison Wicks and MDD Director Peter Tilton presented on this item. The MDD Directors discussed elements of the application and policy guidelines they would like to see in the Argyle versions of these documents. This item will be brought back on a future regular MDD meeting agenda as an action item for consideration. No action was taken. SPECIAL PRESENTATION MDD Member Training Town Attorney Brenda McDonald asked to postpone this presentation item to a future regular MDD meeting since multiple board members were absent and it is important that they be present. No action was taken. RECEIVE REQUESTS FOR NEXT MEETING AGENDA A. Discuss, consider, and act on an MDD grant application and policy guidelines. B. Executive Session item for the Red Lantern Fusion Restaurant economic incentive request. ADJOURN With no further action the meeting was adjourned at 7:53 p.m. ik Ma Harrison Wicks, Community Development Director David Wylie, President