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Ro is f. E X A S m IC DEV L0PMENT CCAV&% 0AA'"M06 uArii(,If;` iI, Lr%f,.'L1,f,Je 1-1h,ghei Mr. Coleman opened the floor to questions regarding the August financial report. Mr. Roddy asked when the PEDC's loan with the City of Paris is due for adjustment. Mr. Coleman noted that the adjustment would take place at the end of the 2024 year. There were no further questions. Mr. Roddy made a motion to approve the financial statements as presented. Mr. Coleman seconded the motion. Vote: 4 -ayes to 0 -nays Discuss and Consider Combined Nov./Dec. Board Meeting Ms. Hammond noted that, due to the upcoming holidays, it would be in the best interest of the Board to hold a combined meeting for the months of November and December. She proposed scheduling the meeting on Tuesday, December 3, 2024. The consensus was to move forward with the proposed date for a combined November/December board meeting. Report and Updates by Executive Director Maureen Hammond Highlights of Ongoing Projects: Ms. Hammond provided updates to multiple ongoing projects. She opened her report by stating that LionsHead Wheel & Tire is currently on schedule to secure a certificate of occupancy by the end of the year. She continued by noting that Huhtamaki's construction is on schedule and expected to complete by March 2025. She further reported that TXDOT is scheduled to complete construction during 2025. Ms. Hammond concluded this report by noting that the PEDC could look forward to multiple grand openings within the next 6-8 months. NW Industrial Park EDA Grant: Ms. Hammond began by thanking the Board for their attendance at the NW Industrial Park Unveiling Ceremony. She noted that approximately 80 people were in attendance. Ms. Hammond reported that the PEDC had received the first grant reimbursement payment from the EDA. She reported that after the finalization of construction, a limited amount of contingency funds is available for additional work within the business park. She noted that the PEDC was considering options to utilize the remaining funds, providing examples of additional water lines, dirt work, and the possibility of installing fiber internet on the property. Ms. Hammond closed her report by noting that the EDA grant was expected to close within the next 60 days, pending completion of additional work determined for the available contingency funds. Ms. Hammond opened the floor to questions regarding her report. There were no questions. Page 3 of 4