Benbrook EDI BENBROOK ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING MINUTES MONDAY, MAY 19, 2025 911 WINSCOTT ROAD, BENBROOK, TEXAS WORK SESSION: The Benbrook Economic Development Corporation (BEDC) Board of Directors met at 6:31 p.m. to discuss the agenda items and review staff updates. The Work Session was held in the Benbrook City Hall Central Conference Room. The Work Session recessed at 6:43 p.m. Dr. Ackall arrived at 6:56 p.m. Board Members in Attendance: Gary A. Lindsay Place 1 Dr. Danyelle Ackall Place 2, BEDC Secretary, Arrived at 6:56 p.m. Kristen Melton Place3 Kent Williams Place 5, BEDC President Phyllis Harkins Place 6 Omar P. Aguilar Place 7 Board Members Not in Attendance: Thomas Casey Place 4, BEDC Vice President Staff Present: Jessica James, Director of Economic Development and Marketing, Breanna Bowen, Manager of Economic Development and Marketing, and Mia Gamillo, Marketing and Communications Specialist REGULAR SESSION - CONVENED INTO THE COUNCIL CHAMBERS I. CALL TO ORDER The BEDC Regular Board Meeting was called to order at 7:00 p.m. on Monday, May 19, 2025, in the Benbrook City Hall Council Chambers, located at 911 Winscott Road, Benbrook, Texas. II. CITIZEN'S PUBLIC FORUM President Williams opened the Citizen's Public Forum to allow citizens to comment on any agenda item. There were no citizen comments. III. ACTION ITEMS A. Approve the April 21, 2025, Regular Board Meeting Minutes. Mr. Lindsay made a motion to approve the April 21, 2025, Regular Board Meeting Minutes as presented. Ms. Harkins seconded the motion. The motion passed; 6-0. B. Approve the BEDC Strategic Plan. Ms. Melton made a motion to approve the BEDC Strategic Plan as presented. Mr. Aguilar seconded the motion. The motion passed; 6-0. BEDC Regular Board Meeting Minutes May 19, 2025 Page 1 of3 Benbrook EDD IV. DIRECTOR'S REPORT Receive Monthly Financial Report for Period Ending April 30, 2025. Presentation Highlights: Liquid assets as of April 30, 2025 O Checking account: $3,302,376.58 O Checking account interest earned: $4,771.46 TexPool account: $4,156,056.66 TexPool account interest earned: $14,757.19 o Total liquid assets: $7,458,433.24 Total revenue for April 2025: $175,032.55 This amount includes: o Sales tax revenue for April 2025: $151,677.88 o Interest earned on account: $19,528.65 C BKV North Texas, LLC: $2,026.02 o Industrial Park Sign Rent: $1,800 Encumbered Funds as of April 30, 2025: $2,731,810.01 This amount includes: o Total current and pending projects: $2,701,617.44 o Total operating expenses for April 2025: $30,192.57 Fund balance as of April 30, 2025: $4,726,623.23 V. EXECUTIVE SESSION The Board convened into Executive Session at approximately 7:07 p.m. to discuss the items below. Pursuant to the Texas Open Meetings Act: A. Section 551.072 Deliberations Regarding Real Property. Deliberate the purchase, exchange, lease, or value of real property, as deliberation in an open session would have a detrimental effect on the position of governmental body negotiations with a third person. DISCUSS PROPERTY LOCATED AT 610 WINSCOTT. DISCUSS PROPERTY LOCATED AT 8000 LIFFORD ST. B. Section 551.072 - Deliberation Regarding Economic Negotiations. (2) Deliberate the offer of a financial or other incentive to a business prospect described by Subdivision (1). DISCUSS PROJECT OUR PLACE. VI. RECONVENE INTO OPEN SESSION The BEDC Board reconvened into open session at 7:24 p.m. BEDC Regular Board Meeting Minutes May 19, 2025 Page 2 of3 Benbrook EDA VII. TAKE ANY NECESSARY OR APPROPRIATE ACTION AS A RESULT OF CLOSED EXECUTIVE SESSION VIII. ADJOURNMENT The meeting adjourned at approximately 7:24 p.m. APPROVED: bud - - KENT WILLIAMS PRESIDENT ATTEST: DR.1 BANYELLE ACKALL SECRETARY BEDC Regular Board Meeting Minutes May 19, 2025 Page3of3