Midland Development Corporation Board of Directors met Oct. 7.
Here is the agenda provided by the board:
1. Call meeting to order.
2. Motion approving the minutes of the September 9, 2024, meeting of the Midland Development Corporation.
3. Presentation from MOTRAN Alliance, Inc. on infrastructure projects and initiatives in Midland and the Permian Basin.
4. Resolution authorizing the execution of an economic development agreement with MOTRAN Alliance, Inc.; and authorizing payment therefor.
5. Resolution authorizing the execution of a promotional agreement with Midland Hispanic Chamber of Commerce, Inc., to advertise or publicize the City of Midland for the purpose of developing new and expanded business enterprises.
6. Resolution authorizing the execution of a feasibility & access agreement with Space Nation, Inc., regarding certain facilities located at 2908 Enterprise Lane in Midland, Texas.
7. Resolution approving the execution of an amendment to that certain lease agreement with Castelion Corporation for certain real property described as an approximate 125-acre tract of land out of Section 33, Block 40, T-1-S, T&P RR Co. Survey, Midland County, Texas.
8. Resolution authorizing the execution of a consultant services agreement with The Perryman Group in an amount not to exceed $80,000.00 for the production of certain economic indices and reports regarding the City of Midland, Texas, and the Permian Basin.
9. Presentation on the September 2024 monthly expenses and economic development activity report from the Midland Development Corporation Executive Director and staff.
10. 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.
https://www.midlandtxedc.com/about/meetings-and-agendas