* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.
          [00:00:03]
          GOOD 
          [I. CALL TO ORDER]
EVENING EVERYONE. 
          THIS TIME I CALL TO ORDER THE REGULAR MEETING OF THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION. 
          IT'S MONDAY, JULY 24TH, 2023. 
          [II. CITIZEN’S PUBLIC FORUM]
MY FIRST THIRD OF BUSINESS TONIGHT WILL BE CITIZENS PUB, UH, CITIZENS PUBLIC FORUM, AND FOR CITIZENS' WISH TO COMMENT ON ANY AGENDA ITEM, THEY'RE INVITED TO GO TO THE PODIUM. 
          APPEARS WE DON'T HAVE ANY, UM, PUBLIC, UM, ANNOUNCEMENTS OR ANYBODY FOR THE PUBLIC FORUM TONIGHT. 
          SO WE'LL MOVE ON TO THE NEXT, UH, AGENDA ITEM, WHICH WILL BE, UM, AN EXECUTIVE 
          [III. EXECUTIVE SESSION]
SESSION. 
          AND AT THIS TIME, I, KENT WILLIAMS DECLARE THAT THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION WILL NOW HOLD A CLOSED EXECUTIVE SESSION PURSUANT TO THE PROVISIONS OF THE OPEN MEETING LAW CHAPTER 5 5 1 TEXAS GOVERNMENT CODE IN ACCORDANCE WITH THE AUTHORITY CONTAINED IN SECTION 5 5 1 0.072 DELIBERATIONS REGARDING REAL PROPERTY. 
          UM, EXECUTIVE SESSIONS ARE NOT OPEN TO THE PUBLIC AND PERSONS REVEALING EXECUTIVE SESSION INFORMATION ARE SUBJECT TO PENALTIES UNDER TEXAS LAW. 
          AT THIS TIME, WE'LL MOVE TO THE CONFERENCE ROOM FOLLOWING THE EXECUTIVE SESSION WHERE WE RETURN TO THE COUNCIL CHAMBER CHAMBERS, UM, TO RECONVENE, UM, IN OUR, INTO OUR REGULAR SESSION. 
          SO AT THIS TIME, WE'LL UH, CLOSE THE OPEN MEETING AND GO INTO EXECUTIVE SESSION. 
          THIS 
          [IV. RECONVENE INTO OPEN SESSION]
TIME, THE BROOK ECONOMIC REG ECONOMIC DEVELOPMENT CORPORATION'S REGULAR BOARD MEETING IS RECONVENE AT 8:23 PM FOLLOWING OUR EXECUTIVE 
          [V. TAKE ANY NECESSARY OR APPROPRIATE ACTION AS A RESULT OF CLOSED EXECUTIVE SESSION]
SESSIONS. 
          THERE IS NO ACTION REQUIRED THIS EVENING, SO WE'LL 
          [VI. ACTION ITEMS]
MOVE ON TO THE AGENDA ITEMS. OUR FIRST, UM, ITEM NOW IS, UM, ACTION ITEMS AND THAT WILL BE TO APPROVE THE UM, JUNE 26TH, 2023 REGULAR BOARD MEETING MINUTES. 
          UM, THE BOARD HAS REVIEWED THOSE MINUTES AND THERE ARE NO CHANGES RECOMMENDED. 
          SO AT THIS TIME I'LL ASK FOR A MOTION TO APPROVE THE MINUTES OF THE JUNE 26TH, 2023 REGULAR BI BURKEY ACADEMIC DEVELOPMENT CORPORATION BOARD MEETING. 
          DO I HAVE A, UM, MOTION, MS. HAWKINS? I MOVE THAT WE APPROVE THE JUNE 26TH, 2023 REGULAR BOARD MEETING. 
          MINUTES AS PRESENTED. 
          THANK YOU. 
          IS THERE A SECOND MR. CASEY? I'LL SECOND THE MOTION. 
          WE HAVE A MOTION AND A SECOND TO PROCEED WITH THE VOTE. 
          SHE NEEDS TO, CAN YOU TURN HERS ON AT THIS TIME? I'LL MOVE FORWARD WITH A MANUAL ROLL CALL. 
          GARY LINDSAY, PLACE ONE. 
          YES. 
          DR. 
          DANIELLE ACKELL. 
          PLACE TWO? YES. 
          KRISTEN MELTON. 
          PLACE THREE. 
          YES. 
          KENT WILLIAMS. PLACE FIVE. 
          YES. 
          PHYLLIS HARKINS. 
          PLACE SIX. 
          YES. 
          THOMAS CASEY. 
          PLACE FOUR. 
          YES. 
          AND THE MINUTES ARE APPROVED AND THE MOTION PASSES. 
          OUR NEXT, UM, 
          [VII. DIRECTOR’S REPORT]
AGENDA ITEM TONIGHT IS A DIRECTOR'S REPORT. 
          SO AT THIS TIME I'LL PASS IT TO, UM, UH, MS. JAMES TO PROVIDE THE FINANCIAL REPORT. 
          THANK YOU, MR. PRESIDENT. 
          FOR THE MONTH OF JUNE, THE BOARD DID RECEIVE $171,362 AND 7 CENTS. 
          THIS BRINGS YOUR TOTAL SALES TAX COLLECTIONS YEAR TO DATE TO $1,081,487 AND 8 CENTS FOR THE MONTH OF JUNE. 
          UH, THE CHECKING ACCOUNT BALANCE FOR THE BOARD WAS $3,319,047 AND 25 CENTS. 
          THIS DID INCLUDE INTEREST THAT OCCURRED ON THE ACCOUNT OF $6,585. 
          IN ADDITION, YOUR CD THAT YOU HAVE, UH, THE BALANCE OF IT IS $3,902,557 AND 24 CENTS. 
          THIS BRINGS THE BOARD'S TOTAL LIQUID ASSETS AS OF SIX 30 TO $7,221,604 AND 49 CENTS. 
          THE REVENUE FOR THE MONTH FOR THE BOARD INCLUDED THE SALES TAX. 
          WE DISCUSSED THE INTEREST EARNED ON YOUR CHECKING ACCOUNT AS WELL AS YOUR, UH, FRANCHISE PAYMENT FROM BKV NORTH TEXAS OF $936 AND 1 CENT. 
          IN ADDITION, IT DOES INCLUDE $300 FOR TWO PAYMENTS FOR YOUR INDUSTRIAL, UH, SIGN MONUMENT SIGNED. 
          THAT BRINGS YOUR TOTAL REVENUE FOR THE MONTH OF JUNE TO $179,183 AND 8 CENTS. 
          THE EXPENDITURES 
          [00:05:01]
FOR THE BOARD INCLUDE FOR THE MONTH, UH, OF $55,494 AND 42 CENTS. 
          THAT'S THE TOTAL OPERATING EXPENSES FOR THE MONTH. 
          IF YOU LOOK AT THE PENDING PROJECT BALANCE OF $709,502 AND 22 CENTS, IN ADDITION TO THE OPERATING EXPENSES AS OF $55,494 AND 42 CENTS, THAT GIVES TOTAL ENCUMBERED FUNDS FOR THE BOARD AS OF JUNE TO FOR $765,016 AND 62 CENTS. 
          THAT BRINGS A TOTAL FUND BALANCE FOR THE BOARD AS OF JUNE 30TH, 2023 TO INCLUDE YOUR LIQUID ASSETS, YOUR ENCUMBERED FUNDS, AND YOUR TOTAL FUND BALANCE OF $6,456,587 AND 87 CENTS. 
          AND WITH THAT, I'LL BE HAPPY TO ANSWER ANY QUESTIONS THAT THE BOARD MIGHT HAVE IN REGARDS TO THE FINANCIALS. 
          THANK YOU, MS. JAMES. 
          UM, DOES THE BOARD HAVE ANY QUESTIONS? IF THERE ARE NO QUESTIONS, OUR NEXT AGENDA ITEM 
          [VIII. ADJOURNMENT]
TONIGHT IS ADJOURNMENT. 
          SO WITH THAT, I ADJOURN THE BENBROOK ECONOMIC DEVELOPMENT CORPORATION REGULAR BOARD MEETING AT 8:27 PM THANK YOU EVERYONE, AND HAVE A SAFE MONTH.
* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.