7-1-26 EDC Meeting

The City of Bandera Economic Development Corporation (EDC) held a meeting on July 1, 2026, focusing on several procurement and budget-related topics. Key discussions included the management and use of a $15,000 fund returned from the city for disc golf course improvements, with plans to form a committee to oversee the use of these funds and coordinate with city officials. The group also addressed the need for a formal performance agreement to clarify responsibilities and spending related to the disc golf project. Additionally, the EDC discussed upcoming budget workshops, the handling of collateral agreements with Bandera Bank, and the status of funds transfer to Techar. Property management and potential sales of city-owned lots were debated, including rezoning efforts to increase property value. The meeting also covered promotional funding policies, grant awareness and management, and onboarding procedures for new board members. Motions passed included forming a committee to investigate disc golf fund usage and scheduling the budget workshop for the next regular meeting. Several action items were identified to improve financial oversight, property management, and grant coordination.