Midland Development Corporation Board of Directors met Nov. 4.
Here is the agenda provided by the board:
1. Call meeting to order.
2. Motion approving the minutes of the October 7, 2024, meeting of the Midland Development Corporation.
3. Motion approving the minutes of the October 8, 2024, meeting of the Midland Development
Corporation.
4. Resolution approving the execution of a second 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.
5. Resolution authorizing the execution of an amendment to that certain economic development agreement between the Midland Development Corporation and Starfighters Space Texas, Inc.; and authorizing payment therefor.
6. Presentation on the October 2024 monthly expenses and economic development activity report from the Midland Development Corporation Executive Director and staff.
7. 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.
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