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EDC backs Resolution 2026‑R‑05 to form charitable foundation to support economic development
Summary
The MFEDC unanimously approved Resolution 2026‑R‑05 on May 6 to form a charitable foundation intended to support economic development, community promotion and public purpose projects.
On May 6 the Marble Falls Economic Development Corporation voted 7-0 to act favorably on Resolution 2026‑R‑05, which the minutes describe as authorizing the formation of a charitable foundation to support economic development, community promotion and public purpose projects. Vice President Mark Mayfield moved the resolution; Director Dave Rhodes seconded and the motion passed unanimously.
The minutes record board approval of the resolution but do not provide the foundation’s governance structure, funding plan or timeline. Staff will follow up with implementation steps and any required filings to establish the foundation in accordance with applicable law.
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