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EDC approves amended performance agreement with Wellness First Medical Clinic; routine finance items passed
Summary
The Dickinson EDC approved an amended performance agreement with Wellness First Medical Clinic (AMC) that incorporated attorney revisions and a personal guarantor clause; the board also approved the May 2025 financial and account statements and routine transfers on a consent vote.
The Dickinson Economic Development Corporation voted to approve an amended performance agreement with Wellness First Medical Clinic (referred to in the materials as AMC) and took routine action on the consent agenda, including monthly financial statements.
Amended agreement: Staff said a City Council member requested including the business owner as a personal guarantor when the item went to council. The business owner indicated she was willing to sign as a personal guarantor to secure access for patients and expand services. The board’s attorney proposed a series of technical edits to the agreement (housekeeping language changes, insertion of "on the property" in the project description, clarifications on assignability and signature/attestation blocks to include Dr. Sanders). The board moved to approve the amended agreement with those attorney revisions and the motion passed by voice vote (no nays recorded).
Consent agenda: The board approved the May 2025 DEDC financial and investment report, the May 2025 DEDC account statements for Texas First Bank and TexPool, a June 2025 monthly administration service fee transfer request, and a February 2025 payroll transfer request. The initial motion to approve the consent agenda was made by Matt and seconded by Walter Wilson; the board voted by voice and the items passed.
Why it matters: The agreement authorizes an incentive tied to a performance arrangement and the board’s acceptance of attorney‑recommended language clarifies responsibilities and signature blocks. The consent items are routine financial housekeeping that provide transparency on the EDC’s accounts and transfers.
Actions and votes recorded from the meeting: the consent agenda motion (mover: Matt; second: Walter Wilson) passed on a voice vote; the amended performance agreement motion (mover: Walter, then revised and re‑moved to include attorney provisions) was seconded by Patrick and approved by voice vote. Minutes and the finalized agreement will reflect the attorney edits and the inclusion of the personal guarantor clause.
Ending: Staff will prepare the final executed agreement incorporating the attorney revisions, and will forward financial statements to the board file.
