Bastrop Economic Development Corporation Monday, July 24, 2023 02:00 PM Bastrop City Hall, 1311 Chestnut Street, Bastrop, Texas

1.CALL TO ORDER

2.PUBLIC COMMENT(S)

1. 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 from 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 recitation of existing policy in response to the inquiry.

   It is not the intention of the BEDC to provide a public forum for the embarrassment or demeaning of any individual or group. Neither is it the intention to allow a member of the public to slur the performance, honesty, and/or integrity of the Board, as a body, or any member or members of the Board individually or collectively, or members of the BEDC or City's staff. Accordingly, profane, insulting, or threatening language directed towards the BEDC Board and/or any person in the Board's presence will not be tolerated.

3.REGULAR BUSINESS & PRESENTATIONS

1. 3.AApproval of the meeting minutes from the Regular BEDC Board Meeting of June 26, 2023.

   Angela Ryan, BEDC Operations Manager

• 3.A BEDC Staff Report Meeting Minutes.pdf (0.04 MB)
• 3.A.1 DRAFT_06_26_23_BEDC_Board_Meeting_Minutes.pdf (0.06 MB)

2. 3.BReceive the financial report provided by the City of Bastrop's Chief Financial Officer for the period ending in June 2023 and comments.

• 3.B Financials Staff Report.pdf (0.04 MB)
• 3.B.1. Financial Report June 2023.pdf (0.42 MB)

3. 3.CDiscussion and possible action on Resolution No. R-2023-0010 approving a request by Moca Ventures Nebraska, LLC, for a second six-month extension on the Commencement of Construction date stipulated in Article VIII, Section 3(c) if the First Amended and Restated Economic Development Performance Agreement of February 7, 2022, and Resolution R 2023-0001 granting a six-month extension on their project in the Bastrop Business and Industrial Park.

• 3.C BEDC Staff Report Moca.pdf (0.04 MB)
• 3.C.1 Resolution R-2023-0010 Moca Second Extension.pdf (0.04 MB)

4. 3.DHold a public hearing for the purpose of providing the general public with information concerning a proposed economic development project being considered by the BEDC, and for receiving public input regarding same, as follows: Pursuant to LGC Section 505.158, the BEDC is proposing to expend Type B economic development funds to undertake and to fund a Revolving Loan Fund Program in the amount of $30,000 per fiscal year.

• 3.D Public Hearing Staff Report.pdf (0.05 MB)

5. 3.EDiscussion and possible action on Resolution R-2023-0011 approving the BEDC Revolving Loan Fund Program and the commitment to funding in the amount of $30,000.

• 3.E BEDC Staff Report RLF Program.pdf (0.05 MB)
• 3.E.1 Resolution R-2023-0011 RLF Program.pdf (0.03 MB)
• 3.E.2 06-27-23 Revolving Loan Fund Policy and Application Final.pdf (0.37 MB)

6. 3.FUpdates on BEDC funding commitments.

• 3.F Funding Commitment Staff Report.pdf (0.05 MB)
• 3.F.1 BEDC Funding Commitments Tracking.pdf (0.02 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 551.087 Deliberation on economic development negotiations- Project Triple Arrow and Project Electric Lion.

   (2) Section 551.071 to seek the advice of legal counsel regarding matters related to Economic Development expenditures, incentives, and sales tax.

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

1. 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 in the bulletin board located at the entrance to the City of Bastrop City Hall, a place that is convenient and readily accessible to the general public, as well as to the BEDC’s website, www.bastropedc.org, and Notice was posted on the following date and time: July 21, 2023 at 4:00 PM and remained posted for at least two hours after said meeting was convened.
   
    

        /s/ Angela Ryan                

   Angela Ryan, Operations Manager