Midland Development Corporation Board of Directors met Jan. 8.
Here is the agenda provided by the board:
1. Call meeting to order.
2. Motion electing officers to serve through December 2024.
3. Motion approving the minutes of the December 4, 2023, meeting of the Midland Development Corporation.
4. Resolution authorizing payment in the amount of $200,000.00 to the University of Texas of the Permian Basin pursuant to that certain Incubator and Makerspace Grant Agreement between the Midland Development Corporation and the University of Texas of the Permian Basin.
5. Presentation on the December 2023 monthly expenses and economic development activity report from the Midland Development Corporation Executive Director and staff.
6. 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 sale, exchange, lease or value of real property described as an approximate 374-acre tract of land out of Section 33, Block 40, T-1-S, T&P RR Co. Survey, Midland County, Texas.
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/media/userfiles/subsite_15/files/meetings-agendas/January%208%2C%202024%20Regular%20Meeting%20of%20Board%20of%20Directors%20Open%20Session.pdf