Bimbrook Economic Development Corporation reports July financials and adjourns executive session

The Benbrook Economic Development Corporation convened its regular board meeting on August 18, 2025, at 7 PM, focusing on key financial updates and strategic discussions. The meeting began with a public forum, but no citizens chose to comment, leading the board to swiftly move on to the approval of minutes from the previous meeting held on July 21, 2025. The minutes were unanimously approved.

Director Jessica James presented the financial report for July 2025, highlighting significant revenue figures. The board received $210,331.77 from sales tax revenue, contributing to a total of $1,399,331.94 for the calendar year. The report detailed liquid assets totaling $7,802,925.10, which included interest earnings and franchise payments. Total revenue for the month reached $241,913.94, while expenditures amounted to $44,637.38, resulting in a fund balance of $5,363,112.34 as of July 31, 2025.

Following the financial overview, the board entered an executive session to discuss matters related to real property and economic development negotiations, as permitted under Texas law. The session was closed to the public, and no actions were taken upon reconvening.

The meeting concluded at 7:48 PM, with no further business on the agenda. The discussions underscored the board's ongoing commitment to managing the city's economic resources effectively while navigating future development opportunities.