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, May 13, 2025 6:00 P.M ECONOMIC 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: Lyle Dresher Interim City Manager Jénnifer Henry EDC Secretary Council Members Present: And with a quorum present the 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 April 8, 2025, meeting of the Oak Point Economic Development Corporation. Director Risher made a motion to approve the minutes from the April 8, 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. The EDC Board reviewed the April Financial Report; no questions were asked. 6. Monthly Staff Report. EDC Secretary Henry gave the staff report. An update on monthly permits, electrical at the Monument sign, totals paid to Halff & Catalyst were discussed. Henry also stated the TG Posh Pours had submitted plans; they are in the review stage with revisions. CLOSED SESSION 7. Recess into Closed Session in compliance with Section 551.001 et. Seq. Texas Government Code, to wit: a. Section 551.087 (economic development) to deliberate potential commercial opportunities and incentives. President Armstong recessed into closed session at 6:18pm. President Armstong reconvened into regular session at 7:12pm. 8. Discuss the EDC and MDD FY 25/26 Budget. President Armstrong led the discussion on the FY 25/26 Budget. Armstrong explained that in years past the budget stayed consistent with most line items. Armstrong suggested the EDC Members look over the current budget and be prepaid at the. June EDC meeting with any additions or changes to the existing budget that they would like to consider for the upcoming 25/26 year. 9. Board Review of Halff and Catalyst Agreements. Directors looked over the Halff and Catalyst agreements and payments made to date to each. Director Hankins requested a review of deliverables from Catalyst sO that an assessment of completed and billed tasks could be conducted. EDC Secretary will contact Catalyst and request the information and then forward to the EDC for review. 10. Review and discuss the Comprehensive Plan Update EDC Chapter. President Armstrong gave directors a recap of the task regarding the update of the EDC chapter for the Comprehensive Plan Update. Comp Plan Chair McBeth had requested input from the EDC for any updates and revisions to the 2019 Comprehensive Plan EDC Chapter. President Armstrong had made some recommendations on the current edition. Armstrong asked that the Directors to review the changes and recommendations she had made and to add to or make notes to be discussed at the June EDC Meeting. 11. Review and discuss letter of support for the PARC TxDOT Sidewalk Grant. President Armstrong explained that the EDC was asked by PARC Chair Risher to assist in a letter of support for the TXDOT Sidewalk Grant. A letter was crafted, and a draft given to EDC Directors to review and discuss. Directors agreed with the content of the letter. Armstrong signed the support letter and was given to PARC Chair Risher. 12. Update on LaRustica Loan Agreement. EDC Secretary Henry had given Directors a copy of the LaRustica agreement and repayment schedule. Also included was a repayment history. Per the agreement, repayment was to be completed by mid 2026. As of April 30th, LaRustica was near the end of the repayment schedule. If Sales tax continued to trend the same as months past, LaRustica would complete the agreement early, August of 2025. Henry will included updated payments to the EDC Staff Report. 13. Discuss future agenda items for the next regular meeting of the Economic Development Corporation. Discuss the Comprehensive Plan Update EDC Chapter Water Tower Branding Catalyst Change Order-Action Discuss Process to Extend Late Night Liquor License Review Catalyst Deliverables Discuss and Finalize EDD/MDD FY25/26 Budget President Armstrong Adjourned the meeting at 7:42 p.m. David Wootton, Vice President ATTEST: Jénnifer Henry