Bastrop Economic Development Corporation Monday, April 15, 2024 05:00 PM Bastrop City Hall, 1311 Chestnut Street, Bastrop, Texas

1.CALL TO ORDER

2.PUBLIC COMMENT(S)

At this time, three (3) minute comments will be taken from the audience on any topic. Anyone in attendance wishing to address the BEDC Board must complete a citizen comment form prior to the start of the meeting. In accordance with the Texas Open Meetings Act, if a citizen discusses any item not on the agenda, the BEDC Board cannot discuss issues raised or make any decision at this time. Instead, the Board is limited to making a statement of specific factual information or a recitation of existing policy in response to the inquiry.

3.REGULAR BUSINESS & PRESENTATIONS

1. 3.AApproval of meeting minutes from the Regular BEDC Board Meeting of March 18, 2024, and the Joint Meeting of March 26, 2024.

   Submitted by: Angela Ryan, BEDC Operations Manager

• BEDC March Meeting Minutes Staff Report.pdf (0.12 MB)
• Draft 03_18_24_BEDC_Board_Meeting_Minutes.pdf (0.17 MB)
• Draft 03_26_24_Joint_BEDC_Board_Meeting_Minutes.pdf (0.17 MB)

2. 3.BReceive financial reports for the period ending March 2024.

   Submitted by: Edi McIlwain, City of Bastrop Chief Financial Officer

• March Financials Staff Report.pdf (0.12 MB)
• BEDC March Financial Summary copy.pdf (0.08 MB)

3. 3.CConsider and act on a possible budget amendment to the BEDC FY 2024 Budget.

   Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Director of the BEDC and City Manager

• bedc budget staff report.pdf (0.05 MB)
• Draft Resolution Budget Amendment.pdf (0.04 MB)
• April 8 2024 Budget Amendment.pdf (0.04 MB)
• Answers - March Budget Report 3.pdf (0.18 MB)

4. 3.DConsideration and possible action on approving an amendment to the real estate purchase contract with Acutronic. 

   Submitted by: Sylvia Carrillo-Trevino, ICMA-CM, CPM, Interim Director of the BEDC and City Manager

• Updated Acutronic Staff Report (1).pdf (0.13 MB)
• Resolution First Amendment to Acutronic.pdf (0.14 MB)
• First Amendment to Contract - Acutronic.pdf (0.08 MB)
• Acutronic Improvements 1 (2).pdf (0.17 MB)

5. 3.EReceive update on BEDC funding commitments. 

   Submitted by: Angela Ryan, BEDC Operations Manager

• BEDC FUnding committments.pdf (0.04 MB)
• BEDC Funding Commitments 04.15.24 Meeting.pdf (0.08 MB)

4.EXECUTIVE SESSION

1. 4.AThe Bastrop EDC Board of Directors will meet in a closed/executive session pursuant to the Texas Government Code, Chapter 551, to discuss the following:

   (1) Section 551.071 Consultation with Attorney regarding performance agreement with Moca Ventures

   (2) Section 551.071 Consultation with Attorney regarding performance agreement and purchase contract with Acutronic Real Estate, Inc.

2. 4.BThe Bastrop EDC Board of Directors will reconvene into open session to discuss, consider and/or take any action necessary related to the executive sessions noted herein.

5.ADJOURNMENT

CERTIFICATE

I, the undersigned authority, do hereby certify that this Notice of Meeting as posted in accordance with the regulations of the Texas Open Meetings Act on the bulletin board located at the entrance to the City of Bastrop City Hall, a place convenient and readily accessible to the general public, as well as to the BEDC’s website, www.bastropedc.org/about/board-materials, and said Notice was posted on the following date and time:  April 10, 2024, at 6:00 p.m. and remained posted for at least two hours after said meeting was convened.

  /s/ Angela Ryan            
Angela Ryan, Operations Manager