NOTICE OF REGULAR MEETING OF THE
CITY OF BUDA 4B CORPORATION
BUDA MUNICIPAL COMPLEX - COUNCIL CHAMBERS ROOM 1098
405 E. LOOP STREET, BUILDING 100
This notice is posted pursuant to the Texas Open Meetings Act. Notice is hereby given that the City of Buda 4B Corporation (Buda Economic Development Corporation) will hold a regular board meeting at the date, time, and place noticed above at which time the following matters will be discussed and acted upon. ALL AGENDA ITEMS ARE SUBJECT TO ACTION BY THE BOARD.
1. CALL TO ORDER
President Jim Niemie calls the meeting to order.
2. ROLL CALL
Board Members
President Jim Niemie
Vice President Megan Brown
Secretary/Treasurer Betsy Urban
Board Director Julia Davis
Board Director Christie Pogue
Board Director Matt Smith
Board Director Evan Ture
Buda EDC Staff/Attorney
Chief Executive Officer (CEO) Jennifer Storm
Assistant Director - Recruitment and Development Brian Dryer
Director of Operations Shannon Cameron
Assistant Director - Small Business Initiatives Jacqueline Martinez
Attorney Josh Brockman Weber
3. PUBLIC COMMENT/PUBLIC TESTIMONY
Members of the public who wish to participate in Public Comment or offer Public Testimony must complete a sign-in form and turn it into the Chief Executive Officer before the period provided for Public Comment and Public Testimony is called for consideration by the presiding officer.
4. PRESENTATION
Presentation of Fiscal Year 2025 Annual EDC Financial Report and Audit by Rebecca Darling of Weaver and Tidwell, L.L.P.
5. PUBLIC HEARING
In accordance with Texas Local Government Code Section 505.158 and 505.159, the City of Buda 4B Corporation, a Texas non-profit 4B economic development corporation (Buda EDC), will receive public comments related to the following projects considered by the EDC as follows:
LEAP: Local Enterprise Assistance Program: Financial incentives in an amount not to exceed Ten Thousand Dollars ($10,000.00) each with the following businesses in exchange for economic development obligations to the Buda EDC:
1. 512 Land Clearing- $3,000.00- Marketing
2. Abuelitas - $10,000.00 - Building Improvements/Public Facing Beautification
3. MLS Creative $3,095.00 - Marketing ($1,895.00), Equipment & Software ($1,200.00)
4. Organically Whole- $2,294.00 - Building Improvement & Beautification ($2,034.00) Marketing ($260.00)
Expenditures and budget amendment for Fiscal Year 2026 in an amount not to exceed Forty-Five Thousand and No/100 Dollars ($45,000.00) for professional services related to the HIVE.
Expenditures and budget amendment in an amount not to exceed One Million Two-Hundred Fifty Thousand and No/100 Dollars ($1,250,000.00) for Project Caboose/Train Depot construction, renovation and site plan.
Expenditures and budget amendment in an amount not to exceed Two Million Eight- Hundred Thousand and No/100 Dollars ($2,800,000.00) for Project Land - Stapler and Project Stapler for the purchase and renovation of real property that promotes new or expanded business development.
6. STAFF REPORTS OF BUDA EDC MONTHLY ACTIVITIES- DISCUSSION ONLY - NO ACTION TAKEN
(1) CEO Report on operations and activities;
(2) Staff Report on recruitment and development activities;
(3) Staff Report on small business initiatives and business retention and expansion (BRE) activities;
(4) Staff Report on marketing activities.
7. CONSENT AGENDA [PUBLIC TESTIMONY]
All matters listed under this item are considered to be routine by the Buda Economic Development Corporation and will be enacted by one motion. There will not be a separate discussion of these items. If discussion is desired by any Board Member on any item, that item will be removed from the consent agenda and will be considered separately.
Approval of the February 2026 Financial Report.
Approval of the February 2026 Meeder Investment Report.
Approval of the March 9, 2026, Regular Board Meeting Minutes.
Acknowledgement of completion of the Fiscal Year 2025 Annual Financial Report and Audit as it relates to the City of Buda 4B Corporation as a component unit.
8. GENERAL AGENDA ITEMS
Approve additional expenditures and a budget amendment in an amount not to exceed $1,250,000 for Project Caboose/Train Depot construction, renovation, and site plan.
9. EXECUTIVE SESSION
The Buda Economic Development Corporation Board of Directors will recess its open meeting and adjourn into executive session pursuant to the Texas Government Code, Chapter 551, to deliberate the following:
Gov't Code Sec. 551.072 - Deliberation regarding real property:
- Project Land - Stapler
- Project Land - Island
- Project Land - Fore
Gov't Code Sec. 551.087 and Sec. 551.071 - Economic Development Negotiations and
Consultation with attorney regarding performance agreement obligations:
- Project Hardwoods
- Project Sprinter
- Project Caboose/Train Depot
- Memorial Miniature Golf & Museum LLC
- Robertson Land Development
Gov’t Code Sec. 551.071- Consultation with attorney:
- Rights and obligations of the Buda EDC under operation agreement regarding Project Train Depot
- Rights and obligations of the Buda EDC under agreement with the City of Buda regarding recreational sports complex
10. RECONVENE INTO OPEN SESSION
The Buda Economic Development Corporation Board of Directors reconvenes into open session to discuss, consider, and/or take any action necessary related to any of the items noticed for discussion during executive session.
Discussion and possible action to adopt Resolution 2026-0413 approving the purchase and renovation of real property, authorizing the President to execute necessary agreements related to the purchase, and authorize related budget amendment in an amount not to exceed Two Million Eight-Hundred Thousand and No/100 Dollars ($2,800,000.00) related to Project Land - Stapler and Project Stapler.
Discussion and possible action to approve and authorize: (i) Chapter 380 Economic Development and Performance Agreement between the City of Buda, City of Buda 4B Corporation, Happy Buda On The Creek, LLC and Timothy Gerald Dowling, Joshua Bygosh Bumb and Richard Thomas Veregge providing financial incentives in exchange for economic development obligations to the BEDC and City; (ii) Promissory Note and Deed of Trust; (iii) Guaranty Agreement; and (iv) Intercreditor Agreement with Hancock Whitney Bank.
11. FUTURE AGENDA ITEMS
12. ADJOURNMENT
I, the undersigned authority, do hereby certify that the above Notice of Meeting of the Governing Body, was posted on the bulletin board in front of Buda City Hall and Buda EDC Office Door, which is readily accessible to the public at all times, by 6:00 pm on April 7, 2026.
It is anticipated that members of other governmental bodies, and/or city boards, commissions and/or committees may attend the meeting in numbers that may constitute a quorum of the body, board, commission and/or committee. Notice is hereby given that the meeting, to the extent required by law, is also noticed as a possible meeting of the other body, board, commission and/or committee, whose members may be in attendance, if such numbers constitute a quorum. The members of the boards, commissions and/or committees may be permitted to participate in discussions on the same items listed on the agenda, which occur at the meeting, but no action will be taken by such in attendance unless such item and action is specifically provided for on an agenda for that body, board, commission, or committee subject to the Texas Open Meetings Act.
This agenda has been reviewed and approved by Buda Economic Development Corporation’s legal counsel and the presence of any subject in any Executive Session portion of the agenda constitutes a written interpretation of Texas Government Code Chapter 551 by legal counsel and constitutes an opinion by the attorney that the items discussed therein may be legally discussed in the closed portion of the meeting considering available opinions of a court of record and opinions of the Texas Attorney General known to the attorney. This provision has been added to this agenda with the intent to meet all elements necessary to satisfy Texas Government Code Chapter 551.144(c) and the meeting is conducted by all participants in reliance on this opinion.
The Buda Economic Development Corporation reserves the right to adjourn into Executive Session at any time regarding any issue on this agenda for which it is legally permissible. The meeting venue is wheelchair accessible and accessible parking spaces are available. Requests for accommodations must be made 72 hours prior to the meeting. Please contact the Senior Administrative Associate at 512.295.2022 for information or assistance.