Economic Development Corporation

City Hall - Council Chambers

Agenda — 24 items

1. 1 AGENDA
2. 1. CALL TO ORDER
3. 2. ROLL CALL
4. 3. APPROVAL OF MINUTES
5. A) Approval of the April 16, 2026, regular meeting minutes. 26-477
6. 4. CITIZENS' COMMUNICATIONS
7. 7 This time is for citizens to address the Board on issues and items of concerns not on this agenda. There will be no Board action at this time.
8. 5. TREASURER'S REPORT
9. A) Presentation and discussion on the May 2026 Treasurer’s Report 26-478
10. 6. PRESENTATIONS
11. A) Presentation and discussion on a possible expenditure of additional construction costs for the Castell Avenue Phase 1 - Coll Street Drainage Improvement project 26-599
12. B) Presentation and discussion on a proposed expenditure to support Gener8tor - an entrepreneurship, workforce development, and local innovation accelerator project. 26-610
13. 7. PUBLIC HEARING, DISCUSSION, AND POSSIBLE ACTION
14. A) Public hearing, discussion, and possible action to approve an expenditure of up to $405,000 for final design of AAMPO Citywide Pedestrian Improvements Phase 2, pursuant to 505.152 of the Texas Local Government Code. 26-577
15. B) Public hearing, discussion, and possible action to approve an expenditure of up to $700,000 for the construction of AAMPO Citywide Pedestrian Improvements Phase 1, pursuant to 505.152 of the Texas Local Government Code. 26-578
16. C) Public hearing, discussion, and possible action to forgive the New Braunfels National Airport loan remaining balance of $644,770, pursuant to 501.103 of the Texas Local Government Code. 26-608
17. 8. EXECUTIVE SESSION
18. 18 In accordance with the Texas Government Code, Section 551.071, the Board reserves the right to retire into executive session concerning the items listed on this agenda to consult with its attorney. In addition, the Board may convene in executive session on any of the following items, with any final action being taken in open session:
19. A) Deliberate the purchase, exchange, lease or value of real property in accordance with Section 551.072, Texas Government Code: 1. New Braunfels Sports Complex Lot 3 Blk1 SS14.62 ACS & New Braunfels Sports Complex Lot 2 Blk1 3.45 ACS 26-600
20. B) Deliberate issues regarding economic development negotiations in accordance with Section 551.087 of the Texas Government Code: 1. Gener8tor 2. Gruene 16 3. Project Shoot 4. Project Thread 5. Project Icon 6. Project Casa 7. Project Hammer 26-479
21. C) Deliberate pending/contemplated litigation, settlement offer(s), and matters concerning privileged and unprivileged client information deemed confidential by Rule 1.05 of the Texas Disciplinary Rules of the Professional Conduct in accordance with Section 551.071, of the Texas Government Code, specifically: 1. Lefko USA, Inc. 26-601
22. 9. ADJOURNMENT
23. 23 CERTIFICATION
24. 24 I hereby certify the above Notice of Meeting was posted on the bulletin board at the New Braunfels City Hall. _____________________________________ Board Liaison NOTE: Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services such as interpreters for persons who are deaf or hearing impaired, readers, or large print, are requested to contact the City Secretary’s Office at (830) 221-4010 at least two (2) work days prior to the meeting so that appropriate arrangements can be made.