Economic Development Corporation

City Hall - Tejas Room

Agenda — 23 items

1. 1 SPECIAL CALLED AGENDA
2. 1. CALL TO ORDER
3. 2. ROLL CALL
4. 3. APPROVAL OF MINUTES
5. A) Approval of August 14, 2025 regular meeting minutes 25-1086
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 September 2025 Treasurer’s Report 25-1088
10. 6. DISCUSSION AND POSSIBLE ACTION
11. A) Presentation and discussion on a proposed project expenditure to support early childhood education in New Braunfels 25-1125
12. B) Discussion and possible action approving a Second Amendment to the contract with Continental Autonomous Mobility US, LLC. (Aumovio) to modify the employment condition, eliminate the “two-year rolling average” methodology, and provide alternate methods for measuring compliance. 25-1095
13. C) Presentation, public hearing, discussion, and possible action approving an economic development agreement with Continental Autonomous Mobility US, LLC. (Aumovio), for a project expenditure, of up to $300,000, pursuant to Section 501.101 of the Texas Local Government Code. 25-1092
14. D) Discussion and possible action approving a resolution of support for a proposed tax abatement between the City of New Braunfels and Continental Autonomous Mobility US, LLC. (Aumovio) 25-1090
15. E) Presentation and discussion on a proposed project expenditure to support on and off-site infrastructure and related costs for construction of the Neue project, a mixed-use condominium project in downtown New Braunfels. 25-1085
16. F) Public hearing, discussion, and possible action approving an economic development agreement with Worth & Associates, for the transfer of electrical infrastructure equipment, pursuant to Section 505.155 of the Texas Local Government Code. 25-1168
17. G) Presentation, discussion, and possible action approving a contract with the City of New Braunfels for administrative support, professional services, and asset management. 25-1087
18. 7. EXECUTIVE SESSION
19. 19 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:
20. A) Deliberate issues regarding economic development negotiations in accordance with Section 551.087 of the Texas Government Code: 1. Project Shoot 2. The Neue 3. Project Chester 4. Project Thread 5. Project Maiden 6. SPARK Small Business Center 7. Project Cycle 8. Project Pluto 9. Project Geneva 25-1093
21. 8. ADJOURNMENT
22. 22 CERTIFICATION
23. 23 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.