Midland Development Corporation Board of Directors met Aug. 12.
Here is the agenda provided by the board:
1. Call meeting to order.
2. Motion approving the minutes of the July 1, 2024, meeting of the Midland Development Corporation.
3. Resolution authorizing the execution of a Chapter 380 economic development program and performance agreement between the Midland Development Corporation, the City of Midland, and Costco Wholesale Corporation as authorized by Chapter 501 of the Texas Local Government Code; and authorizing payment therefor.
4. Resolution authorizing the execution of a promotional agreement with Midland Downtown Farmers Market, Inc., to advertise or publicize the City of Midland for the purpose of developing new and expanded business enterprises.
5. Resolution rescinding Midland Development Corporation Resolution No. ED-463.
6. Resolution authorizing the execution of an economic development agreement with the City of Midland providing for the widening of that certain portion of Avalon Drive located between Briarwood Avenue and Mockingbird Avenue as authorized by Texas Local Government Code § 501.103; and authorizing payment for said agreement.
7. Presentation on the July 2024 monthly expenses and economic development activity report from the Midland Development Corporation Executive Director and staff.
8. Pursuant to Texas Government Code §551.101, the Board of Directors will hold an Executive Session, which is closed to the public to discuss the following matters as permitted under the following Texas Government Code Sections:
a. Section 551.072, Deliberation Regarding Real Property
i. Discuss the purchase, exchange, lease, or value of real property.
b. Section 551.087, Deliberation Regarding Economic Development Negotiations
i. Discuss business prospects that the Midland Development Corporation seeks to have, locate, stay, or expand in or near the City of Midland, Texas, and discuss possible incentives, and discuss contract compliance on the part of businesses.
9. Motion authorizing the Chairman to negotiate and execute a Midland High Altitude Chambers rental agreement with the Arizona Board of Regents on behalf of the University of Arizona Biosphere 2 Center for Human Space Exploration.
https://www.midlandtxedc.com/media/userfiles/subsite_15/files/meetings-agendas/August%2012%2C%202024%20Meeting%20of%20Board%20of%20Directors%20Open%20Session.pdf