Midland Development Corporation Board of Directors met March 2.
Here is the agenda provided by the board:
At such meeting, the Board of Directors may discuss, consider, and take action on any of the following items:
1. Call meeting to order.
2. Motion approving the minutes of the February 2, 2026, meeting of the Midland Development Corporation.
3. Motion electing officers to unfilled positions to serve through December 2026.
4. Presentation from Midland Downtown Renaissance on the Omni Midland project.
5. Presentation from the City Finance Director on the Midland Development Corporation’s investments.
6. Presentation from the University of Texas Permian Basin Office of Innovation & Commercialization on activities in the Center for Energy and Economic Diversification.
7. Resolution approving the execution of a third amendment to that certain lease agreement with Castelion Corporation for certain real property described as an approximate 120.8-acre tract of land out of Section 33, Block 40, T-1-S, T&P RR Co. Survey, Midland County, Texas.
8. Presentation on the January 2026 economic development activity report from the Midland Development Corporation Executive Director.
9. Pursuant to Texas Government Code §551.101, the Board of Directors will hold an Executive Session, which is closed to the public to discuss the following matters as permitted under the following Texas Government Code Sections:
a. Section 551.072, Deliberation Regarding Real Property
i. Discuss the purchase, exchange, lease, or value of real property.
b. Section 551.087, Deliberation Regarding Economic Development Negotiations
i. Discuss business prospects that the Midland Development Corporation seeks to have, locate, stay, or expand in or near the City of Midland, Texas, and discuss possible incentives, and discuss contract compliance on the part of businesses.
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