GRAHAM ECONOMIC * DEVELOPMENT NOTICE OF PUBLIC HEARING AND REGULAR CALLED MEETING GRAHAM ECONOMIC IMPROVEMENT CORPORATION BOARD OF DIRECTORS JUNE 25, 2025 PURSUANT TO THE TEXAS OPEN MEETING ACT, NOTICE IS HEREBY GIVENTHAT A PUBLIC HEARING AND REGULAR CALLED MEETING OF THE CITY OF GRAHAM ECONOMIC IMPROVEMENT CORPORATION BOARD OF DIRECTORS, WILL BE HELD ON WEDNESDAY,JUNE 25, 2025, AT 8:30 A.M. AT THE GRAHAM CITY COUNCIL CHAMBERS, 608 ELM STREET, GRAHAM, TEXAS, AT WHICH PUBLIC HEARING AND MEETING, THE FOLLOWING AGENDA ITEMS WILL BE CONSIDERED. ITEMS ON THE AGENDA ARE SUBJECT TO ACTION. THE GRAHAM ECONOMIC IMPROVEMENT CORPORATION BOARD OF DIRECTORS RESERVES THE RIGHT TO MEET IN CLOSEDIEXECUTIVE SESSION ON AN AGENDA ITEM SHOULD THE NEED ARISE, AND IF APPLICABLE, PURSUANT TO AUTHORIZATION BY TITLE 5, CHAPTER 551 OF THE TEXAS LOCAL GOVERNMENT CODE. THE GRAHAM ECONOMIC IMPROVEMENT CORPORATION (GEIC) WILL HEAR PUBLIC COMMENT ON THE FOLLOWING MATTER: PROPOSED INCENTIVES AGREEMENT WITH CHELDAN HOMES L.P., UNDER THE AFFORDABLE HOUSING PROGRAM ESTABLISHED BY THE GEIC FOR THE PURPOSE OF CREATING NEW HOUSING OPPORTUNITIES IN GRAHAM WHICH WILL SUPPORT WORKFORCE RETENTION AND EXPANSION. PUBLIC HEARING AGENDA 1. Call to Public Hearing to Order Time: 2. Purpose of Hearing. The purpose of this Public Hearing is to receive public comments regarding the proposed Incentives Agreement with Cheldan Homes, LP. of Fort Worth, TX under the Affordable Housing Program. 3. Notice Posted. Notice oft this Public Hearing was duly advertised in a newspaper of local circulation and posted in Graham City Hall at a place readily accessible to the public. 4. Presentation by Board President Jack Graham on a proposed Incentives Agreement with Cheldan Homes, LP. of Fort Worth, Texas under the Affordable Housing Program. 6. Public Comments on a proposed Inçentives Agreement with Cheldan Homes, LP. of Fort Worth, Texas, under the Affordable Housing Program: The Public is invited to comment on the topic oft this Public Hearing. Speakers are requested to limit their comments to no more than five minutes to allow time for multiple speakers. Page 1 of4 7. GEIC Board Members Comments on a proposed performance agreement with Cheldan Homes, LP. of Fort Worth, TX under the Affordable Housing Program. 8. Adjourn Public Hearing Time: REGULAR MEETING AGENDA 1. Call to Order. Time: 2. Roll Call ofl Directors Present. 3. Welcome of new GEIC Board Members = Tanner Swaringen and Allison Danley. 4. Recess into Executive Session under the following provision of the Texas Local Government Code: Sec. 551.087 - Deliberation Regarding Economic Development Negotiations: Discussion regarding a proposed Incentives Agreement regarding an offer of financial or other incentives to Cheldan Homes, LP, in the furtherance of the Affordable Housing Program. (Enter into Executive Session Time) 5. Reçonvene from Executive Session and take action, as required. (Exit from Executive Session Time) 6. Consider and act to authorize the Executive Director to negotiate and conclude an Incentives Agreement, by and between the GEIC and Cheldan Homes, LP, in an amount not to exceed $200,000, in support of the acquisition ofcertain real property, with such property located within the corporate limits ofthe City of Graham, for the purpose of creating new housing opportunities which will support workforce retention and expansion. 7. Public Forum: This forum is for citizens to comment on any economic development subject. No discussion can be had by the Board; however, items discussed may be placed on a future agenda for discussion and action. 8. Executive Director's Report 9. City Manager Update 10. Consider and act to approve the minutes from the previous meeting of the GEIC Board of Directors held on May 20, 2025. Page 2 of 4 11. Consider and act to nominate and appoint individuals to serve as President, Vice President, and Secretary of the GEIC Board of Directors, for a term of one year, with an effective date of appointment ofJune 26, 2025. 12. Consider and act to approve the GEIC Financials for the period ending May 31, 2025. I3. Consider and act to retroactively approve expenditures by the Executive Director for participation in an economic development training event, in the amount of $1,255.86, which includes training fees and per diem allocation, noting that funding for same is available in the current GEIC budget. 14. Consider and act to establish a GEIC Façade Grant subcommittee and further, nominate and appoint Board members Jack Graham and Reece Rogers as the members of same, or nominate and appoint alternates. 15. Consider and act to approve a grant application, from Leslie Chalmers, on behalf of New Horizon Home Care & Hospice of Graham, Texas, for funding under the Business Expansion Grant Program, in an amount not to exceed $10,000. 16. Consider and act to approve a grant application, from Leslie Chalmers, on behalf ofNew Horizon Home Care & Hospice of Graham, Texas, for funding under the Local Incentive Grant Program, in an amount of$10,000. 17. Comments and announcements. 18. Consider and act to set the date for the next GEIC Board of Directors meeting. 19. Adjournment Time: Fater - Eric Garretty, City Manager Notice ofhearingmetinghgemia posted at Graham City Hall, 612 Elm Street, Graham, Texas at 8:00 A.m/p.m. on this the n day of Oune 2025. NOTICE The Graham Economic Improvement Corporation Board of Directors reserves the right to adjourn into executive session at any time during the course ofthis meeting to discuss any matters listed above, as authorized by Texas Government Code Sections 51.07/Consultation with Attorney), 551.072 (Deliberations Regarding Real Property), 551.073 (Deliberations Regarding Prospective Gift), 551.074 (Personnel Matters), 551.076 (Deliberations about Security Devices). Before any closed session is convened, The Presiding Officer will identify the section Page 3 of 4 or sections of the act authorizing the closed session. All final votes, actions or decisions will be taken in open session. ACCESSIBILITY NOTICE This facility is wheelchair accessible and accessible parking spaces are available. Requests for accommodations and interpretive services must be made 48 hours prior to the meeting. Contact the Graham City Hall at (940) 549-3322. I, the Undersigned Authority, do hereby certify that the above notice of Meeting of the Graham Economic Improvement Corporation Board of Directors is a true and correct copy of said notice posted at the City of Graham, Texas in a location convenient and readily accessible to the general public at all times. Witness my hand this ITH day of ODune 2025 at 9.000 am and remained sO for a least 72 hours proceeding the scheduled time of meeting. GRAHAA - For the Graham Economic Improvement Corporation Board of Directors By: Cami Luacbvnck for Marci Bueno, City Secretary I hereby certify that the above shown notice was removed from the posting location at the Graham City Hall, 612 Elm Street, Graham, Texas 76450, at a.m./p.m. on the day of 2025 and satisfies the 72-hour posting requirement. Page 4 of4