JUNE 3, 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 7 JOAN DELASHAW TOWN MANAGER MIKE SIMS TOWN ATTORNEY BRENDA MCDONALD DIRECTOR OF COMMUNITY DEVELOPMENT HARRISON WICKS ABSENT DIRECTOR, PLACE 1 CASEY STEWART DIRECTOR, PLACE 2 RONALD SCHMIDT DIRECTOR, PLACE 6 KRISTIN JAIN CALL TO ORDER President Wylie called the meeting to order at 6:24 p.m. OPEN FORUM President Wylie opened the open forum at 6:25 p.m. The following individuals spoke: A. Mrs. Lynn Seeden, 9001 Amistad Lane, Argyle, TX 76226 With no more speakers, President Wylie closed the open forum at 6:29 p.m. CONSENT AGENDA 1. Consider approval of the Argyle Municipal Development District Board meeting minutes for the meeting held on May 1, 2025. Director Tilton moved to approve the MDD Board meeting minutes from May 1, 2025, as presented. Director Delashaw seconded the motion. The motion passed 4-0. EXECUTIVE SESSION No executive session was called during the meeting. ACTION ITEMS 2. Discuss, consider, and act on an economic incentive request for the Red Lantern Fusion Restaurant for an amount up to $150,000. Community Development Director Wicks informed the MDD Board that the business owners ofthe Red Lantern Fusion Restaurant requested to table this item to the next MDD meeting on July 1, 2025, due to a personal conflict that did not allow them to be at the meeting. This item will be presented at the July 1, 2025 MDD meeting and no motion was given. 3. Discuss, consider, and act on the creation of an MDD grant application and evaluation policy. Community Development Director Wicks presented the draft application and evaluation policy. The MDD Directors discussed the documents and provided comments to staff to incorporate revisions to the drafts. Director Tilton moved to approve the MDD grant application and evaluation policy with the select revisions as dictated by the MDD Directors. Vice President Batson seconded the motion. The motion passed 4-0. WORKSHOP ITEMS 4. Discuss the MDD Budget for the upcoming Fiscal Year 2025-26 beginning on October 1, 2025 and ending September 30, 2026. Town Manager Mike Sims presented this item. The MDD Directors discussed the proposed FY26 budget and provided feedback to staff. The following revisions were discussed and recommended: A. MDD Executive Director position to be removed/eliminate.d. B. The Economic Incentive funds of $400,000 to be a placeholder for potential future projects, subject to Board Approval. C. Update language on transfers out" to be transfer to General Fund for staff support. D. Added line items under training and dues to be more specific. E. Added the Argyle Business Association as a new line item under advertising. F. The Town Attorney allotment to remain unchanged from the last fiscal year. The MDD Board will consider approval of the budget during the next regular meeting on July 1, 2025. No action was taken. STAFF REPORT 5. Receive a staff report on the Texas Economic Development Council MDD membership and upcoming Mid-Year Conference taking place between June 18- 20, 2025. Community Development Director Wicks presented this item and informed the MDD Board of continuing education opportunities through TEDC and their upcoming Mid-Year Conference to be held in Rockwall, Texas. No action was taken. SPECIAL PRESENTATION 6. Introduction of New Town Manager Mike Sims. Town Manager Mike Sims introduced himself to the MDD Board and addressed questions and comments from the Directors. No action was taken. RECEIVE REQUESTS FOR NEXT MEETING AGENDA No news items were received. ADJOURN With no further action the meeting was adjourned at 7:41 p.m. / Mike Sims, Town Manager David Wylie, President