8-18-26 EDC Meeting

The City of Bandera Economic Development Corporation (EDC) held a meeting on August 18, 2026, focusing on several procurement and budget-related matters. The board approved multiple consent agenda items including invoices for office supplies and membership fees, with specific discussion on a $175 membership to the Texas Economic Development Corporation and related conference attendance. Financial discussions included reviewing collateral agreements with Bandera Bank, moving over $1 million in funds into CDs and money market accounts to optimize interest earnings, and managing liquidity and investment risks. The board also deliberated on property management, deciding to seek bids for cleanup of a park-designated property and to rezone another property to P4 for future sale potential. The proposed budget for fiscal year 2026-27 was reviewed and approved, with allocations for advertising, website development, travel, training, property improvements, and long-term projects. The board discussed the need for enhanced marketing efforts to attract tourism and economic activity, and considered training opportunities for EDC members. Additionally, the board approved hiring a new legal counsel with a revised fee structure. Plans were made to hold a workshop in October to discuss long-term legacy projects and further strategic planning.