Midland Development Corporation Board of Directors met Feb. 3.
Here is the agenda provided by the board:
1. Call meeting to order.
2. Motion approving the minutes of the January 6, 2025, meeting of the Midland Development Corporation.
3. Presentation from Texas Tech Health Sciences Center on the Child & Adolescent Psychiatry Fellowship Program in Midland.
4. Presentation from InterFlight Global on aerospace development in Midland.
5. Resolution authorizing the execution of a consultant services agreement with InterFlight Global Corporation in an amount not to exceed $195,500.00 for services related to the procurement of new tenants for facilities located at the Spaceport Business Park; and authorizing payment for said agreement.
6. Motion authorizing the Chairman of the Midland Development Corporation to negotiate and execute a non-binding letter of intent with the Weinacht Family Trust to lease certain real property located in Reeves County, Texas.
7. Presentation on the January 2025 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 551.074, Personnel Matters
i. Discuss the employment, evaluation, and duties of the Executive Director.
c. 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.midlandtexas.gov/967/PrimeGov-Meetings