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WE'LL BRING THE, UH, MEETING OF THE ECONOMIC DEVELOPMENT CORPORATION TO ORDER AND DO A ROLL CALL PLEASE.
CHAIRMAN MIKE HARRIS, MENDEZ VICE-CHAIR DON CARLSON BOARD MEMBER, SEAN LUCAS, PRESENT BOARD MEMBER, VICTOR HENRY BOARD MEMBER, MIKE SNYDER HERE, BOARD MEMBER RANDALL CLARK BOARD MEMBER CHENEY GUMBO.
WE ARE SHOWING A QUORUM PRESENT AND MOVE ON TO THE PLEDGE OF ALLEGIANCE NATION UNDER GOD, INDIVISIBLE WITH THE TEXAS FLAG SIPI XX ONE, ONE STEADY INDIVISIBLE.
WE'RE GOING TO AGENDA MATTER FOR PUBLIC COMMENT.
I DON'T KNOW IF THERE'S ANYBODY HERE PRESENT THAT WISHES TO SPEAK BEFORE THIS EDC BOARD THERE'D BE AN UNCOM FORWARD.
WELL, NOW WE'VE GONE TO THE WORKSHOPS OUT OF 5.1 CONDUCT, A WORKSHOP TO RECEIVE PRESENTATIONS FOR FROM ECONOMIC DEVELOPMENT PROSPECTS, SEEKING THE ASSIGNMENT OF LAND USE PURCHASE OPTION AGREEMENT HELD BY THE CORPORATION FOR THE ACQUISITION OF LAND IN AND ABOUT, UH, AROUND THE MEGA SITE, UH, BOARD MEMBERS.
I'VE ASKED THIS TO BE PUT ON THE AGENDA.
WE STARTED EARLY, SO WE CAN GET OUT OF HERE BECAUSE I DO KNOW IT'S VALENTINE'S DAY, BUT, UH, WE'RE TO THE POINT, NOW THAT WE NEED TO BEGIN TO START TAKING A LOOK PAST THE PROJECTS THAT WE'RE CURRENTLY LOOKING AT, UH, ABOUT THE REST OF THE OPTIONS THAT WE HAVE AT THE MEGA SITE IN THAT TRACT OF LAND, I BELIEVE WE'VE GOT TO PRESENT HERE TODAY.
IS THAT CORRECT? BUM UH, WE HAVE RECEIVED OTHERS THAT HAVE SHOWN INTEREST AND I THINK BOB WAS WORKING TO POSSIBLY LOOK AT, UM, HAVING PRESENTATIONS DONE BY THEM ALSO.
SO, UH, THE PLAN IS TO HAVE ABOUT A, UH, WHAT DO WE DECIDE A 20 MINUTE PRESENTATION AND TO BE ABLE TO ASK QUESTIONS AFTER THE FACT FOR THAT, AND THEN WE MOVE ONTO THE NEXT PRESENTATION.
SO, UM, I DON'T KNOW IF THERE'S ANY QUESTIONS AS TO THE PROCESS, THE AGENDA THAT WE'RE WORKING ON THERE BEING NONE.
UH, WE'LL GO AHEAD AND TURN IT OVER.
OR MR. BROWN, I DON'T KNOW IF OR YOU OR WHO'S GOING TO BE DOING THE PRESENTATION.
IF YOU DON'T MIND JUST, UH, INTRODUCE YOURSELF FOR THE GOOD OF EVERYONE HERE.
DO YOU MIND TURNING THAT MICROPHONE AROUND SO THEY CAN SPEAK INTO THAT MICROPHONE OR ACTUALLY PUT ON THE DESK THAT WORKS TOO, EITHER ONE THAT WE CAN JUST CAPTURE EVERYBODY, IF YOU DON'T MIND LETTING EVERYBODY KNOW WHO'S WHO'S WITH YOU AND KARAOKE, IF YOU'D LIKE PARDON AND A LITTLE BIT OF KARAOKE, IF YOU ARE RIGHT.
IT IS VALENTINE'S DAY VALENTINE'S DAY, EVERYBODY.
UH, SO MY NAME IS ZACH BROWN AND, UM, I HAVE BEEN IN AUSTIN ALL MY LIFE.
UM, AND, AND, AND I'VE BEEN WORKING IN HADOW FOR ABOUT THE LAST SEVEN YEARS, UH, ON A VARIETY OF DIFFERENT DEVELOPMENT PROJECTS HAVE GOTTEN TO KNOW, UH, CITY STAFF, WELL GOTTEN TO KNOW THE CITY WELL AND HAVE BEEN WORKING ON A VARIETY OF TYPES OF PROJECTS FROM MULTIFAMILY TO LARGE SINGLE FAMILY DEVELOPMENTS THAT HAVE LARGE INFRASTRUCTURE OFFSITES AND THE LIKE, AND, UM, UH, I'D LIKE TO TALK ABOUT THIS PROJECT OF, OF, UM, WORKING WITH YOU GUYS ON, UH, THE LAND THAT YOU HAVE UNDER OPTION.
BUT FIRST I WANT TO INTRODUCE, UH, MY FATHER, GARY BROWN AND LYNN WONG.
UH, IF YOU GUYS CAN MAYBE GIVE YOURSELVES A INTRODUCTION AS TO WHO YOU ARE.
MY NAME'S GARY BROWN, I'VE BEEN BUYING AND SELLING LAND ON MY OWN ACCOUNT HERE IN WILLIAMSON COUNTY THIS MONTH NOW FOR 45 YEARS.
UM, FIRST OF ALL, STARTING OFF IN THE NORTHWEST AUSTIN AREA, LAKELINE LAKELINE VILLAGE, UH, RANCH BRUSH CREEK, CEDAR PARK, LEANDER, OAK CREEK, LIBERTY HILL, ROUNDROCK GEORGETOWN, AND THEN THE MOST RECENT HERE IN, HADOW DOING 2000 LOTS UP ON THE NORTH SIDE FOR EMORY CROSSING AND RE AND, UH, MOST OF THE CREEK PROVIDING INFRASTRUCTURE FOR THE ENTIRE NORTH SIDE OF HUTTOE TO LIFT STATIONS AND SEVERAL MILES OF FORCE MAINS.
SO VERY FAMILIAR WITH THE INFRASTRUCTURE, UH, SITUATION HERE IN HADOW.
AND INDEED WE WANT A VERY MAJOR INFRASTRUCTURE TO THE, TO THE MEGA SITE AND TO THE LAND SURROUNDING IT, UH, AS YOU KNOW, THAT THAT HASN'T HAPPENED YET AND IT, IT NEEDS TO, BUT THAT'S BEEN MY EXPERIENCE.
AND AGAIN, I'VE BEEN DOING IT ON MY OWN ACCOUNT, UH, WITH MY OWN OWNERSHIP AND FOR, FOR
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VERY LONG TIME HAPPY VALENTINE'S DAY, EVERYBODY.I LIVE IN AUSTIN AREA FOR ALMOST 30 YEARS, MOVED HERE IN 1993.
I WORK AT THE ENGINEERING, UH, PLANT MATERIAL.
I WORKED THERE FOR NINE YEARS, UH, WORKING IN THE HIGH-TECH INDUSTRY.
UH, I STARTED MY, UH, REAL ESTATE COMPANY YEARS AGO IN AUSTIN.
UH, WE MAINLY DO REAL ESTATE INVESTMENT IN AUSTIN, CENTRAL TEXAS.
UH, RECENTLY I REPRESENT A COMPANY WHO, UH, RELOCATE THEIR HEADQUARTERS TO LEANDER THE CHUNG SIGN KNIFE COMPANY.
UH, THEY MOVED FROM CALIFORNIA, THEY SET UP THEIR US HEADQUARTER MANUFACTURING.
THEY'RE BUILDING SOME A HUNDRED THOUSAND SQUARE FOOTAGE OF SITE IN LEANDER.
UM, MY EXPERIENCE WITH HUDDLE, UH, YOU KNOW, GREAT CITY GLOSSIER GIRL POTENTIAL.
SO RECENTLY I HAD A A HUNDRED ACRES NOT TOO FAR FROM HERE.
WE'LL QUIT A GREAT TEAM HERE, AND A WALKWAY CREATES OUR LOCAL BUILDER, DEVELOPER AND USERS.
SO WE WANT TO BRING A LOTS OF ENERGY AND, UH, UM, YOU KNOW, LOTS OF, UH, GROWTH TO THIS LOCAL.
I WANT TO BE CONTRIBUTE TO THAT.
UM, MY GENERAL, UM, EXPERIENCE WAS REAL ESTATE, INCLUDING LEN, UH, LANDHOLDING LAND DEVELOPMENT, AND ALSO A REAL ESTATE INVESTMENT.
SO, UM, THANK YOU FOR THE OPPORTUNITY.
SO WHAT I WANTED TO START OFF WITH IS A BASIC DESCRIPTION OF KIND OF WHAT WE'RE PROPOSING TO DO AND WHAT WE'RE ASKING YOU FOR.
UM, RIGHT NOW WE'RE ASKING FOR, UM, AN ASSIGNMENT OF THE CURRENT, UH, OPTION AGREEMENTS THAT YOU HAVE FOR THE 730 ACRES, UH, MINUS HOWEVER MUCH LAND IS ASSIGNED TO ANY OF THESE OTHER USERS THAT YOU'RE WORKING WITH TODAY.
UM, AND, AND WHAT WE'RE PROPOSING IS THAT WE WOULD PURCHASE THIS LAND ON TIME IN, UM, IN APRIL, UH, AT THE END OF APRIL, UM, UNDER, UH, UNDER A SINGLE OWNERSHIP.
AND THAT WOULD BE LED BY LYNN AND US, UH, WITH REAL INTERNATIONAL THAT'S LENS COMPANY.
AND WHAT WE SEE IS ONE OF THE MAIN BENEFITS OF WORKING WITH A, UH, A SINGLE ENTITY, IS THAT WE WOULD HAVE THE SPEED AND AGILITY TO MAKE DECISIONS QUICKLY.
UM, YOU KNOW, YOU'RE PICKING UP THE PHONE, YOU'VE GOT A NEW, UM, YOU KNOW, A CALM CLIENT, BUT A PROSPECT PROSPECT THAT YOU GUYS ARE WORKING WITH, YOU KNOW, YOU'D BE ABLE TO CALL US DIRECTLY AND, AND, AND NOT HAVE TO, YOU KNOW, WORK WITH OUR ATTORNEYS TO, UH, WORK ON VERY SHORT-TERM OPTIONS.
SO I THINK WHAT, WHAT WE'RE, WHAT WE'RE FOCUSED ON IS REALLY KIND OF LOOKING AT THIS AS, AS A PARTNERSHIP WITH THE CITY WHERE WE CAN COME IN AND EXECUTE THIS OPTION THAT YOU GUYS HAVE, UH, HAVE DONE A GREAT JOB OF, OF TAKING ON THIS LAND, UM, AND, AND REALLY WORKING WITH, IT SOUNDS LIKE TWO FANTASTIC PROSPECTS, UH, ACCORDING TO THE NEWS, UM, THAT, UM, UH, ARE GOING TO REALLY BE ABLE TO MAXIMIZE THE INVESTMENT THAT Y'ALL MADE.
I CAN'T RECALL WHETHER IT WAS 10 YEARS AGO OR SO ON THE 450 ACRES, AND THEN BE ABLE TO MAKE USE OF THE OPTION THAT YOU HAVE NOW ON, UM, A HUNDRED, HUNDRED AND 30 ACRES OF HOWEVER MUCH THAT OTHER GROUP IS LOOKING AT.
UM, WE'RE ALL LOCAL DAD CAME HERE AND, UM, 1970 SOMETHING.
AND YOU JUST GO TO GRADUATE SCHOOL.
AND AGAIN, ONE OF THE THINGS THAT'S MISSING FROM THE THING WE ARE GOING TO PAY AT THE NEGOTIATED PRICE, $78 MILLION CASH TO THE PEOPLE WITH THE OPTIONS, IT WILL PAY THAT TIMELINE WHERE YOU HAVE NO INTENTION OF RENEGOTIATING THOSE TERMS AND CONDITIONS OR ANYTHING WE'RE PREPARED TO GO AHEAD.
AND, AND WITH THAT IS ALSO THE RETURN OF THE, UH, UH, REIMBURSEMENT, I SUPPOSE, OF THE $600,000 IN OPTION FEES THAT YOU GUYS HAVE OUT NOW.
SO THAT'LL BE REIMBURSED AT, AT CLOSING.
UM, BUT YEAH, WE'VE, WE'VE ALL BEEN WORKING IN REAL ESTATE FOR OVER 20 YEARS, UM, SOME LONGER AND, UM, UH, SPECIFICALLY IN WILLIAMSON COUNTY, SPECIFICALLY IN HUTTOE.
UM, AND I THINK WITH, WITH THE AMOUNT OF EXPERIENCE THAT WE ALL HAVE IN MASTER PLAN, MASTER PLANNING OF LARGE SITES, YOU KNOW, COMING FROM LARGE SINGLE FAMILY TRACKS, LOOKING AT A, AT A COMPREHENSIVE SITE OF REALLY, WHERE ARE YOU GETTING YOUR UTILITIES? WHAT ARE YOU GOING TO DO WITH THE OVERALL LAND? UM, WHAT WE'LL TALK ABOUT HERE IN A LITTLE BIT IS JUST SOME OF THE IDEAS THAT WE'VE COME UP WITH ON, ON HOW WE COULD LAY THIS SITE OUT, CERTAINLY NOT AT ALL.
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YOU KNOW, CONCRETE, BUT JUST, UM, WANTED TO, WANTED TO KIND OF GIVE SOME VISUALIZATION OF REALLY HOW MUCH LAND IS REALLY HOW MUCH PRODUCT WOULD EVENTUALLY BE ON THIS AMOUNT OF ACREAGE, 700 SOME ODD ACRES, UM, DEPENDING ON, UM, SO, UH, AS ONE OF THE OTHER MAJOR BENEFITS THAT WE SEE AS, UH, WORKING WITH, UH, AGAIN, A SINGLE GROUP IS THAT OUR GOALS ARE TO REALLY LOOK AT THIS AS A MASTER PLAN SITE, NOT TO, UH, LOOK AT THIS IN TERMS OF, YOU KNOW, PIECEMEAL DEVELOPMENT BY MULTIPLE DIFFERENT PARTIES.UM, AND SO WE SEE THAT AS A MAJOR BENEFIT OF WORKING WITH A SINGLE ENTITY THAT CAN GO ABOUT WORKING WITH THE W WORKING WITH THE CITY STAFF CITY, UH, COMMISSION AND A COUNCIL, UM, VERTICAL DEVELOPERS.
I WAS THINKING WHEN WE GET INTO THE LAND PLAN SIDE, WE'LL TALK ABOUT THE INDIVIDUAL USES, BUT, UM, YEAH, WELL, WE WANTED TO ALSO JUST LOOK AT, FROM, YOU KNOW, TO, TO JUXTAPOSE THE BENEFITS ARE, YOU KNOW, WHAT HAPPENS IF THESE OPTIONS EXPIRE? AND SO WHAT, WHAT WE SEE AS, AS, AS THIS IS JUST BEING A REAL OPPORTUNITY, YOU GUYS HAVE, HAVE PUT TOGETHER THESE OPTIONS YOU'RE MAKING USE AS MANY OF THEM AS YOU, OR AS MUCH OF THE LAND AS YOU CAN IN THIS PERIOD OF TIME.
AND, BUT EVENTUALLY THESE OPTIONS WILL EXPIRE AND YOU CAN CONTINUE TO FUND THEM TO EXTEND THEM, PERHAPS.
UM, BUT, BUT, YOU KNOW, IF NOT, THEN THE OPTIONS WILL JUST EXPIRE AND, YOU KNOW, AND, AND I THINK THE WORST THING THAT CAN HAPPEN, AT LEAST IN MY OPINION, AS A, AS A DEVELOPER, IS THAT NOTHING HAPPENS ON THESE PROPERTIES AND THEY GO BACK OUT TO MARKET AND MAYBE THEY DON'T TRADE.
MAYBE THEY TRADE PIECEMEAL, WHICH IS FINE.
BUT I THINK JUST HAVING THAT, THAT MASTER PLAN, UH, APPROACH TO HOW TO CONDUCT ALL THE UTILITIES, ALL OF THE MAJOR ROAD INFRASTRUCTURE IS A BIG BENEFIT.
SO, UM, YOU KNOW, IF THESE OPTIONS EXPIRE AND THE, AND THE TRACKS TRADE INDIVIDUALLY, IF THEY DO, UM, YOU'LL HAVE PIECEMEAL DEVELOPMENT, YOU MAY NOT HAVE AN OVERALL MASTER PLAN COORDINATION OUTSIDE OF, OF COURSE THE, THE CITY'S MASTER PLANNING, UM, BUT THEN SLOWER GROWTH OVER TIME.
UM, AND I THINK THAT RIGHT NOW WITH, WITH THE GROUPS YOU GUYS ARE WORKING WITH, I THINK THERE'S AN OBVIOUSLY WITH THE SAMSUNG DEAL AND WITH THE GROWTH IN THE SOUTHEAST QUADRANT HERE, WE SEE THIS AS A, AS A REALLY OPPORTUNE TIME TO WORK WITH THE INERTIA THAT IS ALREADY OCCURRING.
SO, YOU KNOW, OUR GOAL IS TO, IS TO REALLY KICK THIS OFF IMMEDIATELY, WHICH WE'RE WORKING ON THAT NOW WITH THE, UH, WITH THE PLANNING.
SO IN TERMS OF TIMING, WE JUST KIND OF WANTED TO, YOU KNOW, TALK OPENLY ABOUT THE TIMING THAT, UH, THAT, THAT YOU GUYS ARE UNDER, THAT WE WOULD BE UNDER.
UM, RIGHT NOW THERE'S 730 ACRES, UH, UH, OF, OF LAND UNDER OPTION AT, UM, A TOTAL PURCHASE PRICE TODAY OF $78 MILLION.
UM, THE OPTIONS NEED TO BE, UM, EXECUTED, I SUPPOSE, WOULD BE THE TERM AT, UH, AT THE END OF MARCH EXERCISED, UH, WITH A DEADLINE TO CLOSE AT THE END OF APRIL.
AND SO, YOU KNOW, OUR, OUR GOAL IS NOT TO, UM, LIKE, LIKE A LOT OF, YOU KNOW, LARGE INVESTMENT COMPANIES THAT, UH, ARE LOOKING TO, YOU KNOW, JUST PLOP DOWN A BUNCH OF MONEY AND WAIT UNTIL THE NEXT GENERATION.
UH, WE'RE NOT AT ALL LOOKING TO DO THAT.
OUR PLANS ARE TO GET STARTED WORKING WITH YOU GUYS WITH THE CITY, UH, IMMEDIATELY AND SPECIFICALLY WITH END-USERS.
OH, I HAVE ON HERE AS AN, AS AN EXAMPLE.
UM, SO ONE OF THE PROPERTIES THAT, UM, THAT, UH, LYNN HAS BOUGHT HERE IN, UH, HADOW IS UP ON, UH, EDGE JUST NORTH OF LIMOR LOOP IT'S, UM, SOME OF, UH, RON AND LAURA HANSON'S PROPERTY.
AND WE CLOSED ON THAT IN OCTOBER, OCTOBER 15TH OF LAST YEAR.
AND, UM, AS EARLY AS JUST EARLY DECEMBER, WE STARTED, UM, CONTRACT NEGOTIATIONS WITH END-USERS FOR SMALLER PARTS OF THAT.
UM, OBVIOUSLY THOSE END-USERS STILL HAVE TO GO THROUGH, UM, UH, THE PLANNING PROCESS, UM, WITH THE CITY, BUT, UM, WE HAVE, UH, GONE UNDER CONTRACT NOW WITH TWO END USERS, AND THERE'LL BE COMING TO SEE YOU GUYS HERE SHORTLY.
UM, BUT, UH, UH, TO, TO JUST SHOW THAT, UH, WE IMMEDIATELY GOT TO, UM, TO WORK ON, ON ACTIVATING THE PROPERTY AFTER, UH, AFTER BUYING IT.
SO THE PLAN HAS NOT BEEN TO AT ALL SIT ON IT.
AND I THINK THAT THAT'S IMPORTANT
[00:15:01]
FOR YOU GUYS TO KNOW.SO, UM, THIS IS THE SAME LAND PLAN THAT'S THERE.
UM, BUT I WANTED TO JUST LOOK AT THIS AS A, AS A, UH, EXAMPLE OF, OF HOW, UH, OF HOW THE LAND COULD BE LAID OUT.
UH, ONE THING TO TAKE INTO ACCOUNT IS THAT THE, UH, THAT THE ROAD NETWORK THERE IS, IS TAKEN FROM, UH, THE CITY THOROUGHFARE PLAN.
UH, WE WORKED WITH, UH, SCC PLANNING, MARK BAKER, WHO, UM, HAS BEEN WORKING ON A LOT OF PROJECTS THAT, UH, UH, THAT I'VE BEEN A PART OF HERE IN HADOW AND, UM, UH, TO DO THIS PLAN AND THIS, THE, THE, THE INSTRUCTIONS I GAVE HIM FOR, UH, FOR, YOU KNOW, HOW TO LOOK AT LAYING THIS OUT, BECAUSE MOST OF THE LAND, WELL, IF NOT ALL OF THE LAND TO THE, UH, TO THE WEST OF THIS SITE, UH, IF IT'S NOT VACANT IS EITHER ABOUT TO BE, UM, SOME NEW, UH, KIND OF MULTIFAMILY, HIGHER DENSITY, SINGLE FAMILY SITES, UH, OR THERE'S THE, UH, LAMAR SUBDIVISION, AND THEN THE, UM, UH, THE MERITAGE HOMES, UH, SUBDIVISION.
AND SO MY INSTRUCTIONS WERE TO REALLY KIND OF LOOK AT THIS AS IF YOU KNOW, THAT THERE'S A MAJOR MANUFACTURER ON THE FAR EAST SIDE OF, OF THIS, THIS OVERALL, UM, YOU KNOW, 1200 ACRES.
HOW WOULD YOU LOOK AT, YOU KNOW, UH, AS A, AS, AS A, UH, STEPPING DOWN AND USAGE OR, OR, YOU KNOW, LOOKING AT, AT COMPATIBLE USES TO BUILD UP TO, UM, A MORE, UH, LIGHT INDUSTRIAL AND THEN HEAVY INDUSTRIAL.
SO KIND OF STARTING WITH MORE RESIDENTIAL RETAIL MIXED USE, THOSE ARE THE, THE, THE RETAIL MIXED USE ARE GOING TO BE THOSE KINDS OF SALMON COLORS, UH, YELLOWS BEING MORE, UH, MULTIFAMILY.
UM, AND THEN, AND THEN KIND OF WORKING INTO A LIGHT INDUSTRIAL AND HEAVIER INDUSTRIAL, UH, USES AS YOU GO FURTHER EAST TOWARDS THE LARGER MANUFACTURING.
UM, AND, AND SO, AGAIN, NONE OF THIS IS AS SET IN PLAN.
THIS IS, WOULD LIKELY NOT BE WHAT WE, UH, COME STRAIGHT TO THE TABLE WITH, BUT THE GOAL HERE IS TO REALLY KIND OF LOOK AT THIS AND, AND, AND AS, UH, AN OVERALL YIELD STUDY, SO TO SAY ON THIS 730 ACRES, WHAT COULD FIT HERE.
AND SO, YOU KNOW, THE ACREAGE BREAKDOWNS BEND DOWN TO SEE THIS, THESE ARE THE ACREAGE BREAKDOWN HERE FOR, UH, FOR THE DIFFERENT USES.
UM, SO 790 ACRES OF INDUSTRIAL AMONGST THOSE DIFFERENT PARCELS.
UH, IN, IN TOTAL THERE'S, THERE'S 32 PARCELS THERE, 141 ACRES OF MIXED USE, 18 ACRES OF STRAIGHT OFFICE COMMERCIAL, UH, 32 ACRES OF MULTI-FAMILY RESIDENTIAL, UM, WITH A HUNDRED ACRES OF OPEN SPACE.
AND SO PART OF, OF KIND OF HOW WE'RE, WE'RE THINKING ABOUT IS WHAT WOULD, UM, YOU KNOW, CLOSE TO 400 ACRES OF INDUSTRIAL REALLY YIELD FROM AN OVERALL, UM, SQUARE FOOTAGE.
AND, YOU KNOW, IN OUR, IN OUR CALCULATIONS, IT COMES OUT TO ABOUT SEVEN AND A HALF MILLION SQUARE FEET OF, OF INDUSTRIAL SPACE, WHICH IS OBVIOUSLY AN ENORMOUS AMOUNT OF, UH, OF LIGHT INDUSTRIAL.
UM, SO THAT'S WHERE WE REALLY THINK OF THIS AS, AS, AS WE GET INTO THIS PROJECT, WORKING WITH YOU GUYS ON SOME OF THESE LARGER END USERS THAT CAN REALLY ABSORB, UM, LARGER ACREAGE IT'S BECAUSE, YOU KNOW, 7.5 MILLION OR BILLION SQUARE FEET OF INDUSTRIAL IS JUST, AGAIN, AN ENORMOUS AMOUNT.
UM, BUT, UM, YOU KNOW, SAME WITH, UH, THE, YOU KNOW, MULTIFAMILY ACREAGE AND, UH, UH, AND MIXED USE A FRIDGE IT'S, IT'S, IT'S, IT'S AN AWFUL LOT OF LAND.
UM, BUT I THINK THAT'S WHAT MAKES THIS ESPECIALLY EXCITING IS THAT YOU'RE ABLE TO, WITH THAT MUCH LAND, LOOK AT THIS ON A MUCH MORE REGIONAL BASIS.
UM, SO OUR, UH, ACTION ITEMS FOR, UH, FOR YOU GUYS THAT WE'RE, WE'RE REQUESTING OF Y'ALL IS TO, UM, TO THINK ABOUT OUR PROPOSAL AND TO, AND TO MAKE A DECISION, UH, WE'RE REQUESTING BY, BY THE END OF THIS WEEK.
AND, AND WITH THAT, WE'RE MAINLY FOCUSED ON BEING ABLE TO EXECUTE THIS AS, AS GARY WAS SAYING, UH, IN A TIMELY FASHION ON
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TIME WITH, WITH WHAT YOU GUYS NOW HAVE, UH, THESE AGREEMENTS UNDER.UM, SO WE HAVE A, UH, A LETTER OF INTENT, UH, THAT WE'VE SENT TO YOU GUYS.
UH, WE HAVE, UM, UH, ASSIGNMENT AGREEMENTS, UH, PREPARED, UM, AND, UH, AND WE ARE PREPARED TO, UH, YOU KNOW, CONTINUE PLANNING THIS, UH, SITE REALLY, AS SOON AS YOU GUYS ARE, ARE, UM, UH, ABLE TO, TO GRANT US THE, UH, THE RIGHTS TO BEGIN MOVING FORWARD WITH THE ASSIGNMENT.
UM, AND WITH THAT AT THE END OF, UH, OF APRIL, YOU'LL HAVE YOUR, UM, ALL OF YOUR OPTION FEES PAID BACK AS WELL.
SO IS THERE ANYTHING ELSE MINE? NO.
JUST THE IDEA THAT MAYBE NOT FANDOR RENEGOTIATE THE OPTIONS THAT ARE IN PLACE.
WE'RE NOT GOING TO GO BACK TO THOSE, THOSE PEOPLE AND ASK FOR ANY FAVORS.
AND THAT'S THE OTHER THING, THE OPTION AGREEMENTS CALL FOR IN ADDITION TO THE OPTION AGREEMENTS, A PURCHASE AND SALE AGREEMENT YET TO BE DONE.
SO THAT'S WHY WE NEED THIS TIME TO MAKE SURE THAT RE REALLY DURING THE MONTH OF APRIL, WE GET A PURCHASE AND SALE AGREEMENT DONE WITH NO MONTH OF MARCH, BECAUSE, WELL, YEAH, BUT I MEAN, WE'VE GOT AN EXERCISE, THE OPTION BEFORE THE END OF MARCH, BUT THEN WE STILL HAVE TO DO A PURCHASE AND SALE AGREEMENT AS OUTLINED IN THOSE AGREEMENTS AND THAT HASN'T BEEN DONE.
SO IT WILL TAKE ALL OF THOSE 30 DAYS OR MORE TO GET THAT DONE.
SO THAT DECISION THIS WEEK SOUNDS URGENT, BUT WE'RE RIGHT UP AGAINST THE DEADLINE.
WE'VE GOT 4 45 DAYS BEFORE THOSE OPTIONS EXPIRE.
AND SO, AND WE HAVE TO NEGOTIATE A PURCHASE AND SALE AGREEMENT.
ALSO, WE'RE READY FOR ANY QUESTIONS ANYBODY WANT TO ASK JERRY? I JUST HAVE ONE COMMENT REAL QUICK AS WE GET STARTED BECAUSE OF THE PUBLIC OR THE TEXAS OPEN MEETINGS ACT.
IF YOU'RE ASKING FOR AN ANSWER BY FRIDAY, THAT MEANS THAT YOU'RE ASKING JUST ABOUT, FOR AN ANSWER TONIGHT, BECAUSE THIS BOARD CAN'T MEET AGAIN FOR 72 HOURS AFTER A NEW MEETING IS POSTED.
AND SO THAT WOULD BE LIKELY IF WE POSTED SOMETHING EVEN TOMORROW, IT WOULDN'T BE UNTIL FRIDAY AFTER THAT TIME PERIOD THAT WE COULD LEGALLY MEET.
AND SO, UM, BUT LOGISTICALLY, UH, A MEETING AFTER TONIGHT, WOULDN'T BE UNTIL 72 HOURS AFTER A POSTING OF AN OPEN MEETINGS ACT AGENDA, AND 74 FOR THE PUBLIC TO KNOW THAT THEY COULD COME AND SEE THE TRANSACTION GO DOWN.
SO I JUST WANTED TO PUT THAT IN PLACE BECAUSE A LOT OF COMPANIES CAN WORK A LOT THINGS IN FIVE DAYS, BUT ECONOMIC DEVELOPMENT CORPORATIONS HAVE TO MEET AND HAVE TO FOLLOW THE MEETINGS ACT.
YEAH, WE HAVE OUR DEADLINE BEFORE.
I MEAN, SO INTO OUR TIMEFRAME, WHICH WE CANNOT MEET, WE HAVE TO POST IT AND THEN CAN'T MEET WITHIN THOSE 72 HOURS.
SO THE ONLY, I MEAN, THE PROVISIONS OF LAW ALLOWS US TO, FOR EMERGENCY MEETINGS, BUT THIS IS NOT CONSIDERED AN EMERGENCY.
UH, ANYTHING THAT WE DO WITH THE LAND IS NOT CONSIDERED AN EMERGENCY.
SO ANY QUESTIONS I HAD A COUPLE, UM, YOU'VE GOT A LOT OF LAND TIED AS MIXED USE.
I WAS JUST KIND OF CURIOUS WHAT EXACTLY YOUR DEFINITION OF MIX USED IN YOUR, IF YOU CAN SHARE WHAT YOUR DEFINITION WOULD BE FOR, THERE'S JUST A CONCEPT OF SOMETHING, YOU KNOW, I THINK, AND IT MAKES USES IS REALLY ANY USE.
UM, AND, AND IN THIS, IT WOULD BE OUTSIDE OF, UH, STRAIGHT MULTIFAMILY JUST IN THIS LAND PLAN STRAIGHT IN, RIGHT.
ANYTHING THAT'S OUTSIDE OF STRAIGHT MULTIFAMILY OR STRAIGHT INDUSTRIAL, JUST GIVEN KIND OF HOW WE PLAYED THIS OUT.
UM, BUT YOU KNOW, WHEN I LOOK AT THE SOUTHEAST SIDE OF, UM, KIND OF THAT SOUTHEAST QUADRANT IS REALLY, I DON'T THINK THERE'S A SINGLE RETAIL LOCATION, UM, THAT I CAN THINK OF.
UM, AND SO, YOU KNOW, I, I CAN DEFINITELY SEE THIS BEING A ONE THAT CENTERS.
I CAN DEFINITELY SEE THIS BEING A, UH, A RETAIL NODE, UM, THERE AT, UM, AT THE INTERSECTION, UM, CAMPUS EMPLOYERS, HEY, I MEAN, THERE'S JUST ALL KINDS OF THINGS.
YOU KNOW, WHAT I'M FOCUSED ON IS BEING ABLE TO USE THE PROPERTY, BRING SERVICES TO THE PROPERTY THAT, YOU KNOW, NOT REALLY NOT THAT'S HAPPENED.
AND SO IT HAS TO BE, AND AGAIN, I WAS A LITTLE CONCERNED WITH PUTTING FORWARD A LAND PLAN THAT PEOPLE WOULD GET FOCUSED ON PARTICULAR USES, BUT 800 ACRES
[00:25:01]
IS A BIG CHUNK OF DIRT.I MEAN, THAT'S INDUSTRIAL WISE THAT IT'S 15 MILLION SQUARE FEET IF ALL OF IT'S INDUSTRIAL.
SO WE'VE GOT TO PUT IT IN A MIX OF USES.
UH, HOW DOES HAD INQUIRIES FROM HOSPITALS, TEACHING HOSPITALS, UH, EMPLOYMENT CENTERS, UH, NOW WITH THE NEW OVERPASS HAPPENING OVER IT, 33 49, EVENTUALLY 1 32 IT'LL, UM, MAKE THIS SITE HAVE THAT.
THAT'S WHAT, THERE'S A LOT OF OPPORTUNITIES.
I THINK IT WILL BE DEPENDENT UPON KIND OF WHICH, WHICH END USERS COME TO, UM, NETHERLAND THAT YOU GUYS ARE WORKING WITH NOW, UM, TO, TO SEE WHAT WOULD BE AS A, UH, AS A SERVICE TO THOSE AREAS, BUT ALSO A SERVICE TO THE 2000 HOMES THAT ARE CURRENTLY BEING UNDER, UH, ARE CURRENTLY UNDER CONSTRUCTION ACROSS THE STREET.
I, MY BIG THOUGHT WAS, YOU KNOW, I SAW THE 32 ACRES FOR THE MIXED FAMILY OR MULTI-FAMILY, WHICH MAKES SENSE BECAUSE OF WHAT WE KNOW IS EVEN GOING ACROSS THE WAY THAT IT'S ALREADY BEEN PUBLICLY ANNOUNCED, UM, FROM, FROM OTHER CITIES, WHAT I DON'T WANT IS THIS, OH, WELL, WE'LL JUST MAKE THIS ALL APARTMENTS TO SUPPORT THAT DEVELOPMENT.
UM, WELL, UH, OUR, OUR LAND PLAN WILL BE IN CONJUNCTION WITH THE PLANNING DEPARTMENT PLANNING COMMISSION AND THE CITY COUNCIL, WHERE WE'RE NOT HERE TO ASK FOR A LAND USE TONIGHT.
SO WE'RE, WE'RE, WE'RE TRUSTING THAT WE CAN GET, CAUSE WE VISITED WITH THE CITY NOW FOR THE LAST FIVE OR SIX, SEVEN YEARS.
I THINK WE HAVE AN IDEA OF WHAT EXACTLY YOU'RE SAYING, WHAT'S YOUR, WHAT THE CITY'S GOALS ARE.
AND I THINK WE CAN MAKE THAT HAPPEN.
IT'S NOT GOING TO BE THAT DIFFICULT.
WILL YOU PUT THAT MAP BACK UP JUST SO WE CAN HAVE IT? CAUSE WE'VE GOT THE ABILITY TO LOOK AT IT HERE CLOSELY.
HAVE THE QUESTIONS AS OPPOSED TO GETTING IT FROM ANYBODY.
YOU GUYS GOT ANYTHING? I'LL GO RIGHT AHEAD.
I'VE GOT A QUESTION IF, BUT GO RIGHT AHEAD.
WELL, GUYS, I'VE GOT A FEW WE'VE WE'VE TAUGHT BEFORE PREVIOUSLY ON SEVERAL DIFFERENT THINGS.
SO THE FIRST THING, UM, I THINK YOU GUYS OBVIOUSLY HAVE EXPERIENCED IN HOW TO NOT JUST RECENT DEVELOPMENTS, BUT I MEAN, YOU GUYS HAVE KIND OF AT ONE POINT OR ANOTHER, HAVE TALKED TO ALMOST EVERY LANDOWNER IN HUTTOE AT SOME POINT AND DONE DIFFERENT DEALS.
SO I THINK YOU GUYS DEFINITELY HAVE THAT BETWEEN HEAD-ON IN AUSTIN.
UH, FOR ME, UM, THERE'S SOMETHING YOU SAID THOUGH, THAT I WOULD CAUTION IN THAT IS, UM, WORKING WITH THE CITY LATER ON LAND USES.
I THINK IT MIGHT BE, UM, AN ALL OF OUR BEST INTERESTS TO MAKE SURE THAT MAYBE THAT WE DON'T HAVE IT DIALED DOWN.
BUT WE HAVE A RANGE TO WHERE WE SAY LIKE, OKAY, THERE WON'T BE ANY RESIDENTIAL USE.
UH, WE WON'T HAVE MORE THAN LIKE 20% OF LAND MASS.
WE'LL GO TO MULTIFAMILY, THINGS LIKE THAT BECAUSE, UM, WHAT I FIND, WHAT I LIVE BY DURING THE DAY IS STRONG CONTRACTS MAKE STRONG FRIENDS.
AND SO IF WE CAN ENSURE THAT, THEN YOU GUYS CAN ALWAYS GO BACK TO THE, UH, PLANNING DEPARTMENT AND GO, HEY, WE ARE ALLOWED TO DO MORE INDUSTRIAL OR WE ARE ALLOWED TO DO SUCH AND SUCH BECAUSE WE'D HATE TO HAVE HAPPEN IS ALL OF A SUDDEN CITY COUNCIL CHANGES, STAFF CHANGES.
AND ALL OF A SUDDEN, YOU GUYS ARE TRYING TO PLAN OUT 800 ACRES THAT ALL OF A SUDDEN 400 OF IT'S CHANGED BECAUSE NOW FOR SOME REASON WE WANT RESIDENTIAL THAT SAY, AND YOU'RE LIKE, THAT'S NOT GOING TO WORK.
SO THAT WOULD BE SOMETHING I'D KINDA ADVISE FOR.
UM, I DIDN'T SEE ANYTHING ON THERE FOR A SINGLE FAMILY.
UM, WHICH I THINK IS GOOD BECAUSE RIGHT NOW I THINK YOU GUYS HAVE WORKED ON SOME SINGLE FAMILY.
WE WOULD DO A DEVELOPMENT AGREEMENT AFTER CLOSING.
THAT'D BE ONE OF THE FIRST THINGS WE WOULD BEGIN DOING IS A MASTER PLAN DEVELOPMENT AGREEMENT.
OBVIOUSLY WE DON'T HAVE ENOUGH TIME IN THE NEXT SIX WEEKS TO DO WHAT YES.
WE'RE GOING TO BE TAKING THAT RISK AND YES, FOR EXACTLY THE REASONS YOU OUTLINED, WE WANT IT IN WRITING WHAT WE CAN DO FOR THE NEXT FORESEEABLE FUTURE.
I HAVE TO GET GEORGE THOUGHT ON WHAT THAT, IF THERE'S A WAY TO DO THAT, LIKE AS AN OPTION, PART OF THE OP THE CONSIDERATION FOR THE OPTION, SOME KIND OF, UM, CAUSE HERE'S WHAT PEOPLE ARE GOING TO ASK BECAUSE I MEAN, WHEN YOU WALK INTO THE CO-OP YOU SEE A DEVELOPMENT THAT THE CITY INVOLVED IN HELPED SOMEONE OUT AND THEN FIVE YEARS LATER.
AND SO I THINK A LOT OF PEOPLE HAVE, WE ASSIGN THESE OPTIONS TO WHATEVER COMPANY PEOPLE ARE GOING TO SAY, WELL, HOW DO YOU KNOW THIS IS GOING TO HAPPEN? AND BECAUSE CONCEIVABLY, IT MAY NOT HAPPEN.
I ALSO THINK, I THINK A CHUNK OF THIS LAND IS STILL IN THE COUNTY.
[00:30:01]
OF IT IS.SO I THINK THINGS LIKE THAT, WHERE WE SAY LIKE AN OPTION THAT, YOU KNOW, PART OF THE CONSIDERATION IS, IS, UM, SOME SORT OF ANNEXATION DEPARTMENT AGREEMENT YOU WILL ANNEX IN AND YOU WON'T BUILD MORE THAN LIKE I SAID, BECAUSE EVERYBODY, THE CITY STARTED TO FREAK OUT A MULTIFAMILY SINGLE FAMILY.
SO IF YOU SAY WE WON'T BUILD MORE THAN X AMOUNT, PERCENT OF THE LANDMASS WILL BE THAT, THAT I THINK WE CAN BANG THAT OUT IN A WEEK OR TWO.
UM, AND THEN THE LAST THING IS, UM, SO THE 600, THE 600,000, UM, I TRUST YOU ALL A LOT, UM, MORE THAN OTHER PEOPLE MAY, UM, JUST BECAUSE OF TRACK RECORD, BUT IN SAYING THAT IF WE DON'T GET THE 600 GRAND UNTIL YOU PURCHASE THE LAND, THERE'S ALWAYS A CHANCE THAT THE EDC IS STILL OUT THE MONEY ON APRIL 28TH BECAUSE THE CONTRACT GETS DROPPED.
SO I'D ALMOST LIKE TO SEE, TO MAKE SURE.
CAUSE ONCE WE GIVE, WE DID THIS A WHILE BACK, I WANT TO SAY IN 2017, GEORGE, WE HAD AN OPTION DEAL AND WE GAVE IT, IT TURNED INTO A WHOLE, WHOLE ORDEAL BECAUSE WE ASSIGNED IT TO A DEVELOPER AND IT, YOU KNOW, FIVE YEARS LATER WE'RE FINDING, DEVELOPING THE MEGA SITE.
SO IT ALMOST LIKE THIS HAS SOMETHING TO WEAR SOME SORT OF CONSIDERATION THAT IS ONCE YOU EXERCISE THE, UM, THE RIGHT TO TAKE ON THE OPTION AT THE END OF MARCH.
UM, NO I'M THINKING LIKE AT THE POINT WE, WE SAY, HEY, WE'RE NOT TAKING ANY MORE SUITORS AND I'M NOT SAYING THE WHOLE 600 GRAND, BUT WHETHER IT BE 50,000 OR A HUNDRED THOUSAND AND SAY, YEAH, UPON THE EXERCISE INTO THE OPTION AGREEMENT, YOU GUYS ARE OUT A HUNDRED GRAND.
IF YOU DROP THAT WAY, AT LEAST IF YOU GUYS GET THROUGH AND SAY, YOU KNOW WHAT FUNDING DRIED UP MARKET CHANGED, AT LEAST THEN WE CAN GO BACK TO PEOPLE BECAUSE THE CITY COUNCIL WILL BE ALL OVER US AND GO, HEY, WE DIDN'T GET THE FULL 600, BUT WE GOT SOMETHING AS OPPOSED TO POTENTIALLY NOTHING.
I THINK TO ASK FOR ALL 600 ON DAY ONE, CAUSE LIKE, LIKE GARY SAID, WE HADN'T EVEN TALKED TO LANDOWNERS, THERE'S A MAD RUSH AND THEY MAY BE REALLY EASY TO WORK WITH.
UM, AND, AND, AND SAY, WE'LL SELL THE PROPERTY OR THEY MAY BE THE MOST DIFFICULT PEOPLE YOU'VE EVER DEALT WITH AND YOU'VE GOT 45 DAYS TO FIGURE THAT OUT.
SO, UM, THOSE ARE JUST SOME OF THE THINGS I HAVE AT THAT.
AND I THINK THAT'S SOMETHING THAT, AGAIN, I DON'T WANT TO PIGEONHOLE YOU GUYS INTO, I DIDN'T FIGURE OUT THE PERCENTAGES, BUT I'M NOT SAYING YOU HAVE TO HAVE 18 ACRES OF COMMERCIAL, BUT IF YOU SAY LIKE, IF THAT WAS, FOR INSTANCE, SAY 10% WOULD JUST SAY, HEY, NO MORE THAN 15% OF THE COMMERCIAL, NO MORE THAN X OF INDUSTRIAL.
AND THEN TO RANDALL'S POINT COMMISSIONER, UM, POINT, THEN WE GO THROUGH, WE CAN ALWAYS ADVISE THE CITY COUNCIL THAT, HEY, WE'RE NOT, WE'RE LOOKING OUT FOR THE BEST INTEREST AND YOU WON'T HAVE A BUNCH OF APARTMENTS HERE, BUT YOU ARE GOING TO HAVE EMPLOYMENT CENTERS, POTENTIALLY HOSPITALS.
AND WE'VE GIVEN YOU GUYS ENOUGH SLACK TO BUILD IT.
BUT GIVEN ALSO ENOUGH, UM, THE GOALPOST TIGHT ENOUGH TO WHERE WE CAN GO BACK CAUSE OTHERWISE THE REMOVAL OF THE SELF, THE CITY, OR ALL OF THE, UH, BOARD, IF WE DO THIS FROM, WELL, THE GOALPOSTS ARE GOOD FOR US TOO, FOR GOODS, JUST LIKE YOU SAID, THEN WE CAN GO BE AT THE RIGHT TO DO THIS.
SO, UM, YEAH, I THINK ONE GUY'S THOUGHTS ARE MAYBE FOUR PEOPLE.
AND I THINK WE WOULD ALSO NEED TO TALK ABOUT, YOU KNOW, HOW TO, UM, HOW TO CODIFY THAT FROM THE CITY'S PERSPECTIVE SO THAT THEY ARE RESPECTING THE, UM, THOSE GOALPOSTS, WHATEVER THEY MAY BE.
BUT, AND ALSO I WOULD LIKE TO NOT GET TOO, TOO HUNG UP IN LOCATION RIGHT NOW, BECAUSE AS THESE NEW, UH, BYPASSES AND, AND OVERPASSES COME THROUGH, YOU KNOW, THAT WE'LL BE SHIFTING THE APPROACH OF A LOT OF THESE, UH, UH, UH, CORRIDORS IN THERE.
SO, UM, BUT I REALLY LIKED THAT.
I MEAN, I THINK THAT ROBINSON RANCH DID THAT.
UM, AND THEIR PUD, UH, WAS KIND OF HAVE THE ALLOWANCE TO DO, YOU KNOW, CERTAIN MAKE CERTAIN MIX OF USES.
AND I I'VE SEEN THEIR PET AND IT'S THIS BIG, BUT, UM, YEAH, I DON'T LIKE THAT.
I WOULD SAY YOU HAVE TO DO INDUSTRIAL ON THE VERY SOUTHERN CAUSE FOR ALL, YOU KNOW, THE, UH, WHAT IS THAT THE MIXED USE ALONG 79, YOU MAY GET A RASH OF PEOPLE WANT INDUSTRIAL AND YOU KNOW, LIKE FOR SURE WE'VE GOT ALL THIS, BUT HEY, AND THEN SOMEONE ON CITY COUNCIL SAYS, HEY, YOU SAID MIXED USE.
WELL, THAT MAY ACTUALLY PUSH FURTHER SOUTH AND SUBSTITUTE INDUSTRIAL.
AND CERTAINLY AS THAT, AS THAT OVERPASS COMES THROUGH WHEREVER THAT TERMINUS IS, THAT'S GONNA, YOU KNOW, THAT MIGHT PUSH ALL RETAIL TO, YOU KNOW, THE, UH, YOU KNOW, MUCH FURTHER SOUTH THAN THAT.
SO ANYHOW, I, I DO WANT TO REMAIN FLEXIBLE ON IT FOR SURE.
ANY OTHER QUESTIONS YOU GOT IF YOU CHERISHED BY ME? YES.
WE'VE, WE'VE DONE SOME CONDITIONS IN CONNECTION WITH OUR ASSUMPTION AND ASSIGNMENT
[00:35:01]
AND UH, LET ME GET UP HERE.SO CAN YOU HEAR ME NOW? UM, WE'VE, WE'VE INCLUDED SOME, UM, CONDITIONS IN OUR ASSUMPTION AND ASSIGNMENT.
I JUST WANTED TO GO OVER THOSE CONDITIONS WITH YOU TO SEE WHETHER OR NOT YOU HAVE A PROBLEM WITH THEM OR NOT.
ONE IS TO THE EXTENT IF THE PROPERTY IS NOT CURRENTLY ANNEXED INTO THE CITY, THAT YOU FILE A PETITION FOR ANNEXATION WITHIN 30 DAYS OF THE, OF THE CLOSING, UM, THAT, UH, YOU'LL PROVIDE ALL NECESSARY, TEMPORARY AND PERMANENT CONSTRUCTION AND UTILITY EASEMENTS FOR WATER WASTEWATER EASEMENTS FOR THE CITY'S PROPERTY TO SO THAT THEY CAN, YOU KNOW, A FUND OR DO THE WHOLE AREA WITHOUT COST.
YOU, YOU APPRECIATE THAT ONE SINCE YOU WOULD ACQUIRE PROPERTY FOR A BUNCH OF TIME, UM, IN THE EVENT THAT THE PROPERTY IS PURCHASED, BUT NO DEVELOPMENT OCCURS WITHIN A SCHEDULE THAT WE WOULD CREATE.
UM, THEN IF THAT SCHEDULE IS BROKEN, THEN THE, YOU WOULD GIVE US AN ASSIGNMENT FOR THE PROPERTY, A PORTION OF THAT PROPERTY, WHATEVER THAT, HOW THAT SCALED HAS DONE FOR YOU.
AND WE WOULD GET AN ASSIGNMENT FOR THAT PROPERTY, ALLOWING US TO SELL IT AT A DISCOUNTED RIGHT THAN, THAN FULL VALUE IN ORDER TO ENCOURAGE DEVELOPMENT TO OCCUR ON THE PROPERTY.
CAN YOU READ THAT ONE ONE MORE TIME? SURE.
I MEAN, YOURS IS A LITTLE BIT DIFFERENT BECAUSE YOUR PROJECT'S A LITTLE BIT LARGER.
AND SO THAT'S WHY I'M KIND OF FREELANCING IT, BUT BASICALLY WE WANT THE PROJECTS TO DEVELOP.
WE DON'T WANT THE PRO PROPERTY TO BE PUT IN A HOLDING PLACE FOR GENERATIONS.
SO TO SPEAK, LIKE YOU SAID EARLIER.
SO WE'D LIKE TO CREATE AN INCENTIVE THAT SAYS, SAY IF 10% OF THE PROPERTY IS NOT UNDER CONSTRUCTION WITHIN FIVE YEARS, THEN THAT 10% OF THE PROPERTY, UM, YOU CAN CONTINUE TO WORK ON IT, BUT YOU'RE GOING TO GIVE THE ECONOMIC DEVELOPMENT CORPORATION AND A ASSIGNMENT THAT WE CAN USE AN OPTION.
SO WE CAN RE OPTION THE PROPERTY TO ANOTHER PURCHASER AND WE CAN DO IT AT A PRICE THAT'S LESS THAN, THAN ITS VALUE SO THAT WE CAN EAGERLY GET SOMEBODY IN THERE WORKING ON IT.
UM, IT'S NOT THAT WE TAKE THE MONEY.
WE, YOU GET THE MONEY FOR IT, BUT IT MAY NOT BE THE SAME AMOUNT OF MONEY THAT IT'S TOTALLY WORTH.
AND THAT'S, THAT'S A KIND OF A CLAWBACK THAT IS USED FOR THESE REAL ESTATE PERFORMANCE PROGRAMS. I SEE.
GARY IS MINDFUL OF WHAT THIS KINDA IS LIKE, UM, IN, IN THE WAY I'VE KIND OF TALKED ABOUT BEFORE THIS, AGAIN, NOT PICK ON THE CO-OP, BUT YOU GOT TO DEAL TO WHERE CITY GAY, CLOSE TO 30 ACRES GAVE ALL THESE TAX INCENTIVES AND TAX BREAKS.
AND THEN FIVE YEARS LATER, WE HIT THEM EVERY YEAR WITH A PENALTY.
AND IT'S A NOMINAL, LIKE, I THINK IT'S LIKE $38,000 FOR NOT BUILDING THE SQUARE FOOTAGE.
AND SO WE TALKED ABOUT ON PREVIOUS GUYS THAT CAME IN, THEY SAID, HEY, WE WANT TO RUN, NOT WALK.
AND WE'RE GOING TO BUILD X AND Y AND THEY'RE SO SURE ABOUT IT.
SO WE LOOK OUT THE WINDOWS AND WE GO, SO IT WON'T LOOK LIKE THIS IN FIVE YEARS.
SO WHAT WE KIND OF CAME UP WITH IN OUR MEETINGS IS, OKAY, WELL THEN IN FIVE YEARS, IF YOU HAVEN'T BUILT SUCH AND SUCH, MAYBE WE GET TO BUY THE LAND OR HAVE THE OPTION TO BUY THE LAND, TO SIGN US SOMEBODY ELSE AT THE PRICE, POSSIBLY YOU PAID FOR IT BACK FIVE YEARS AGO, ASSUMING IT WENT UP IN VALUE.
AND THEN THAT WAY YOU'RE LIKE, HEY, WE GOT TO GET MOVING BECAUSE WE GET OUT HERE AND THERE'S SO MANY BROKEN PROMISES.
NOW WHAT THAT SCHEDULE LOOKS LIKE.
WE DON'T WANT, I MEAN, THERE'S A LOT, YOU'RE TALKING 800, 800, HONESTLY, ON THIS MUCH LAND, IT'D BE A MUCH DIFFERENT SCHEDULE.
AND I THINK THAT THAT'S WHERE I WOULD PROBABLY ENCOURAGE YOU GUYS TO LOOK AT THIS, UH, MORE IN TERMS OF, UM, THOSE, THOSE MDPS OR THE MASTER DEVELOPMENT PLANS, THOSE INFRASTRUCTURE PLANS, THOSE EASEMENTS YOU'RE REFERRING TO UNLESS OF, UM, UH, 8 MILLION SQUARE FEET OF INDUSTRIAL HAVE BEEN BUILT, RIGHT.
BECAUSE THAT'S JUST NOT A MARKET, UM, UH, SQUARE FOOTAGE TO BE BUILT IN IN FIVE YEARS.
UM, SO, UH, BUT I THINK THAT WORKING WITH YOU GUYS ON SOMETHING LIKE THAT, I MEAN, YOU KNOW, AGAIN, WE ARE, ARE VERY MUCH IN LINE WITH YOU GUYS COMING TO US WITH SOME OTHER END-USER WHO SAYS, I WANT TO BE NEXT TO APPLIED OR WHOMEVER ELSE IT IS.
AND, UM, AND, AND YOU SAY, HEY GUYS, UM, YOU KNOW, LET'S, LET'S TALK ABOUT HOW TO PLAN OUT A PORTION OF THAT.
SO, UM, WELL, THE OTHER THING I WOULD SAY IS THAT THE SCENARIO YOU OUTLINED THE CITY WAS, AND MAN, WE'RE NOT ASKING FOR ANYTHING, RIGHT? WE'RE PAYING THE CITY $600,000.
NO, YOU'RE PAYING THE ECONOMIC DEVELOPMENT CORPORATION.
I JUST WANT TO MAKE THAT VERY CLEAR.
WE'RE SEPARATE, WE'RE SEPARATE PEOPLE KNOW IT COMES FROM ECONOMIC DEVELOPMENT CORPORATION, SALES TAX.
IT'S A SEPARATE ELECTION AND IT'S ACQUIRED SEPARATELY.
UM, BUT WE'RE NOT, WE'RE PAYING, WE'RE NOT ASKING FOR ANY FAVORS.
WE'RE NOT ASKING FOR TAX ABATEMENTS OR ANYTHING LIKE THAT.
YOU GOT TO REMEMBER ALSO, WE'VE GOT THE EDC IN DIRECT COMPETITION TO US NEXT DOOR.
AND AT ANY TIME CAN JUST, YOU KNOW, PULL
[00:40:01]
THE RUG OUT FROM US AND SELL TO WHOEVER BECAUSE WE ARE GOING TO BE IN DIRECT COMPETITION FOR LAND USE BECAUSE LAND USES ARE THE SIMILAR WE'VE GOT TO EXPECT.THE CITY'S LAND IS GOING TO DEVELOP FIRST.
AND TO CONSIDER THAT WHEN, WHEN YOU'RE LOOKING FOR TYPES OF LAND USES UPON HOURS AT THE FIRST, YOU KNOW, 454 ACRES OR WHATEVER IT IS TODAY OF INDUSTRIAL LAND WOULD OCCUR ON THE MIC, THE CITY'S MAGAZINE.
WELL, AND GARY, I THINK IT IS GOOD.
IT DOES GET KIND OF CONFUSING BECAUSE WHILE WE'RE SITTING HERE IN CITY HALL AND WE HAVE THE SALES TAX THAT WE'RE RECEIVING, THE CITY DOESN'T OWN ANY PART OF THIS LAND, WHEN THIS IS OWNED BY THE ECONOMIC DOWNTURN CORPORATION, WE'VE GOT THE BONDS OUTSTANDING FOR IT.
AND SO ANY, ANY EXCHANGE OF, UH, WELL, THE EDC HAS THE OPTION THOUGH, RIGHT? SO IF YOU, IF YOU'RE LOOKING AT TAKING THE ASSIGNMENT OF THE OPTIONS THAT THE EDC PAID FOR, CORRECT.
SO NOT THE CITY, I JUST KINDA WANT, WANNA, I JUST WANNA HAVE A DISTINCTION BETWEEN THE CITY OF HADOW AND THE CORPORATIONS.
AND TRUST ME, YOU KNOW, I'VE BEEN IN CITY BUSINESS FOR OVER 20 YEARS AND EVEN I GET CONFUSED SOMETIMES BECAUSE THERE'S, IT'S KIND OF A QUASI CITY ENTITY, BUT IT'S STILL A SEPARATE CORPORATION IN THAT WE'RE STILL APPOINTED BY THE CITY, BY THE CITY COUNCIL, BUT THIS PROPERTY, THE CHART THAT YOU'RE TALKING, THE OPTIONS WERE OBTAINED THROUGH THE ECONOMIC DEVELOPMENT CORPORATION, NOT THE CITY OF HUTTOE.
I MEAN, YOU COULD WORK WITH YEAH.
IF YOU THOUGHT ABOUT LIKE A WHOLLY OWNED SUBSIDIARY OR AN AFFILIATE THAT'S, THAT'S WHOLLY OWNED BY THE, BY THE, UH, THE PARENT CORPORATION.
THEY CALL US AN INSTRUMENTALITY OF THE CITY IS, IS THE TERM, UH, BECAUSE WE, I ALWAYS CALL IT WHERE IT'S NONPROFIT CORPORATION WITH SUPERPOWERS, WHICH IS THE ECONOMIC DEVELOPMENT, UH, LAWS THAT APPLY.
AND I GET THAT BECAUSE WE'RE JUST STILL, WE'RE JUST ONE, WE JUST KIND OF WANT TO LET YOU KNOW THAT WHEN YOU'RE TALKING ABOUT THE PURCHASE OF THERE WAS OPTIONS AND THE MONEY GOING BACK, IT'S NOT GOING TO GO BACK TO THE CITY.
IT'S GOING TO GO OUT AND EAT UP THE CORPORATION ITSELF.
SO, UM, COUPLE OF QUESTIONS THAT I DID HAVE IS THAT IN LOOKING IN WHAT YOU HAD HERE, DO WE KNOW WHAT THE CURRENT ZONING IS FOR THIS AREA? SO THIS IS ALL, THIS IS ALL ETJ LAND.
AND I THINK A VERY SMALL, VERY SMALL PORTION OF IT HAS ANY, UH, IN FACT, I DON'T, I DON'T KNOW THAT ANY OF THIS LAND, I COULD GO TO THE TJ.
BUT I WAS GOING TO SAY, I DON'T, I DON'T THINK THAT YOU GUYS HAVE A DEVELOPMENT AGREEMENT AND ANNEXATION DEVELOPMENT AGREEMENTS.
LIKE Y'ALL PUT OUT NOT Y'ALL THE CITY.
BUT OUT, UM, YOU KNOW, WHAT WAS THAT THREE YEARS BACK? UM, SO, YOU KNOW, TODAY THIS IS, THIS IS ALL ETJ LAND WITHOUT, UM, UH, FORCED ANNEXATION, UH, BUILT INTO IT.
SO, UM, YEAH, IN THE DEVELOPMENTS THAT YOU'VE HAD IN THE PAST, WHEN I'M TALKING TO STRICTLY FROM A COMMERCIAL STANDPOINT AND SOME OF THE OTHERS THAT WE HAVE VISITED WITH, THEY HAD A, UH, A CLIENT BASE BY WHICH THEY WERE ABLE TO COME IN AND SAY, NO, THIS IS WHO WE'VE WORKED WITH IN THE PAST.
AND SO, UM, I, I DIDN'T SEE ANY OF THAT IN THE PRESENTATION THAT YOU HAD.
UH, DO YOU HAVE THE ABILITY TO KIND OF SIMPLY TELL US SOME OF THE, UH, ENTITY THAT YOU WORKED WITH AND, AND, UH, IN THE PAST THAT SOME OF THE DEVELOPMENTS THAT YOU'VE DONE, NOT THAT WE'RE DOING ANY LARGE SINGLE FAMILY SUBDIVISIONS ON HERE, BUT, UM, THE 400 ACRE RETAIL, YOU CAN LOOK AT ALL THE USERS INSIGHT, LAKELINE VILLAGE.
AND, AND I, AND, AND I KNOW THAT THAT, THAT IS ONE OF THE THINGS THAT WE'VE HAD THIS CONVERSATION IN THE PAST, BUT FOR THE PURPOSES OF EVERYONE HERE AND ALSO THE PEOPLE LISTENING, WHAT I'M LOOKING AT IS PRIMARILY FROM AN INDUSTRIAL STANDPOINT, COMMERCIAL BUSINESS THAT YOU WORK WITH.
BECAUSE, I MEAN, I THINK IT'S, IT'S FAIR TO SAY THAT YOU'VE DONE A LOT OF RESIDENTIAL PROPERTY DEVELOPMENT AND YOU'VE DONE RETAIL, UM, YOU KNOW, LIKE SHED LAKELINE MALL, THE RETAIL ESTABLISHMENT THOSE HAVE BEEN DONE.
SO THAT'S, AND THAT'S WHAT PEOPLE NEED TO KNOW.
YOU'VE DONE THAT, BUT I'M LOOKING AT IT FROM MORE FROM AN INDUSTRIAL COMMERCIAL STANDPOINT, WHAT BUSINESSES YOU'VE WORKED WITH.
SO, UM, LIVE OAK IS A, IS A, UH, INDUSTRIAL, UM, KIND OF OFFICE, INDUSTRIAL COMPANY OUT OF AUSTIN.
THEY DO, UM, LARGE, UM, UH, LOGISTICS, DISTRIBUTION SPACES, UM, IRONWOOD, UH, PROPERTIES IS OUT OF DALLAS.
THEY DO LARGE, UH, THEY'RE BUILDING A MILLION SQUARE FEET IN PFLUGERVILLE RIGHT NOW, OUT OF THAT LAKESIDE MEADOWS, UH, MASTER PLAN.
UM, THEY'RE ON PECAN AND, UM, WEISS LANE AND LIVE BOOK.
DID THE, UM, YOU KNOW, HEATHER WALDEN 45, YES.
SO THEY'VE BUILT, THAT'S ALL, I'VE IN SPACES.
[00:45:01]
YEAH.SO THEY'VE DEALT WITH THE BAT, THE HAMBURGER PLACE, AND THEN ALL THAT STUFF ON THE, UM, EAST SIDE OF HOW THE WILD IT'S ALL LIKE.
UM, SO, UH, I JUST DID A PROJECT THROUGH NOT YOU GUYS, THE CITY, UM, ASPEN HEIGHTS, UM, UH, THEY'RE UH, THEY, THEY BUILT THE INDEPENDENT TOWER DOWNTOWN, THE JENGA TOWER.
UH, THEY DO, UM, TONS OF DETACHED, SINGLE FAMILY, STUDENT MULTIFAMILY COMPLEXES, UM, AND, AND HERE, UH, SO IF YOU WERE TO TAKE LIVE OAK STRAIGHT OUT TO EDGE MINT, UH, YOU CAN'T DO THAT RIGHT NOW, BUT YOU WILL HEAR SHORTLY.
UM, UH, ONE OF WHICH IS BECAUSE OF THIS PROJECT.
SO IT'S A, UM, 280 UNIT, UM, TOWNHOME AND DETACHED SINGLE FAMILY RENTAL COMMUNITY WITH, UH, A MAJOR ROAD EXPANSION, AND THEN THREE ACRES OF, UM, UH, GENERAL MIXED USE COMMERCIAL.
UM, OF COURSE WE'VE DONE THE LARGE SINGLE FAMILY DEALS HERE.
SO I DID THE ONES, UH, THEY'RE NOT RETAIL EMPLOYMENT CENTERS, SLUMP PECAN PARK, THE LARGE OFFICE BUILDINGS ON THERE, THEIR APPOINTMENT CENTERS.
THERE WERE THE HOG APARTMENTS, NORWOOD.
THERE ARE INDUSTRIAL SITES, ACTUALLY A TEXAS DEPARTMENT OF TRANSPORTATION OVER THERE.
AND THEN YOU'VE GOT THE LONGEST LIST.
I JUST NEED A LEANDER FOR THE FLIP FOOT, UH, MORE IT'S, UM, IT'S, UH, UH, LOCAL, YOU KNOW, BUILDING SOMETHING EVEN BIGGER THAN INDUSTRIAL USE CAUSE A WAREHOUSE NEXT TO THOMPSON KNIFE COMPANY SITE, UH, CLOSE TO NEXT DOORS COULD BE HOME.
SO THAT'S A, THAT'S A GOOD, UH, INDUSTRIAL POOL I NEGOTIATED.
UH, THE OTHER QUESTION I HAD IS UNDERSTANDING THAT AT THIS POINT IN TIME, THE INFRASTRUCTURE IS STILL BEING DEVELOPED AND TRYING TO WORK WITH, I KNOW YOU SAID THAT YOU'RE NOT LOOKING FOR MANY THINGS FROM THE CITY OF THE EDC, BUT I THINK YOU'RE STILL EXPECTING US TO STEP OUT AT LEAST BE ABLE TO PROVIDE, UH, THE FUNDING FOR INFRASTRUCTURE.
OR HAVE YOU LOOKED AT THAT AS FAR AS UTILITY INFRASTRUCTURE LOOKING FOR THE EDC TO EITHER EDC THE CITY? NO.
SO YOU'RE GOING TO DRAG THE UTILITIES TO, AND THROUGH, WELL, I'M GOING ON A DIFFERENT PROJECT TO THE SOUTH.
WE PLAN ON BRINGING THE WASTEWATER SYSTEM FROM THE TREATMENT PLANT UP TO THE SOUTHEAST LOOP.
I THINK IT'S IMPORTANT TO THINK THAT BECAUSE I CAN HEAR SOME OF THE, SOME OF Y'ALL'S QUESTIONS KIND OF COME IN IN A, IN A, IN A CERTAIN LIGHT.
AND I THINK IT'S IMPORTANT TO, AGAIN, KIND OF TAKE A STEP BACK AND LOOK AT THIS AS THIS IS A, AN OVERALL LAND PLANNING, LAND, ENTITLEMENT, LAND DEVELOPMENT, UH, DEVELOPMENT, AS OPPOSED TO WE'RE BUILDING 5 MILLION SQUARE FEET OF, OF A BUILDING AND WE'RE PULLING, AND WE'RE PULLING A GIANT WASTEWATER LINE TO SERVICE THAT BUILDING.
WHAT I'D LIKE FOR YOU ALL TO THINK OF THIS AS IS AS THIS LAND, WHICH IS IN THE ETJ, HAS NO SERVICES HAS NO LAND USE HAS NO END-USERS IS GOING TO ACHIEVE THOSE THROUGH A VISION OF LAND PLANNING, UTILITY AGREEMENTS, NOT DRAGGING UTILITIES AND THEN WAITING, BUT THROUGH UTILITY AGREEMENTS THAT WHEN WE HAVE THAT SITE MARKETED AND WHEN WE HAVE THAT, END-USER, WE WILL THEN WORK WITH THAT END USER ON GETTING THOSE UTILITIES TO THE SITE.
SO I THINK IT'S JUST, I JUST WANT TO MAKE SURE THAT WE'RE, WE'RE LOOKING AT IT THE WAY THAT WE'RE LOOKING AT IT, UM, WHICH IS ON A, ON A MORE MACRO LEVEL AGAIN, BECAUSE OF THE AMOUNT OF LAND THAT IT IS.
UM, WE DON'T KNOW WHAT THE, WHAT THE DEMAND IS GOING TO BE FOR, FOR THE SITE.
SO PULLING A WASTEWATER LINE UP THERE TODAY WOULD REALLY NOT HAVE ANY PERFECT WELL, AND THE REASON I ASKED THAT QUESTION, ZACH, JUST BECAUSE THAT'S A CONVERSATION PIECE THAT WE'VE HAD ALONG WITH THE CITY IS TRYING TO OBTAIN AND FIGURE OUT HOW WE GET THE UTILITIES TO THIS PLACE AND DRAGGING UTILITIES THERE.
AND SO THE QUESTION I HAVE IS THAT IF IT'S BROUGHT UP JUST TO THE CORNER OF THE LOT, IS IT YOUR PLAN TO BUILD IT OUT FROM THERE? WOULD YOU BE WANTING THE EDC TO BE ABLE TO PROVIDE INFRASTRUCTURE MONIES IN ORDER TO, OR, OR LAY THE INFRASTRUCTURE OURSELVES TO BE ABLE TO GET THERE? THAT'S THE QUESTION I'M ASKING.
I MEAN, AND I UNDERSTAND THAT IT'S MORE OF A MACRO LEVEL, BUT THE DEVIL'S IN THE DETAILS SOMETIMES WHEN WE'RE TALKING ABOUT THESE THINGS, BECAUSE THERE WAS A BUNCH OF THIS, AND I DON'T WANT TO, I DON'T WANT TO BE DISMISSIVE AT ALL.
SO MUCH OF IT IS REACTIONARY TO WHAT THOSE END ARE.
[00:50:01]
IF, IF IT'S NOT APPLIED MATERIALS, BUT AT SOME OTHER, END-USER SOMETHING THAT HAS SOME MASSIVE USE OF WATER AND WASTEWATER UTILITIES, LIKE THAT'S GOING TO DRASTICALLY SHIFT, BE GREAT SPOT PLANNING, BUT IF IT'S A USER THAT HAS LIMITED USES, THEN AGAIN, YOU'RE GOING TO THINK OF IT COMPLETELY DIFFERENT.AND THAT'S ALSO GOING TO BE THE SAME HERE.
SO AS WE'RE TALKING ABOUT WHAT SORTS OF, YOU KNOW, WE'RE THINKING OF, THAT'S GOING TO REALLY SHIFT WHAT THE OVERALL DEMAND IS GOING TO BE FOR THIS SYSTEM AND BECAUSE OF THIS, AND NOT ONLY YOU'RE GOING TO HAVE PART OF THE SITE GRADING THAT WAY ARE THE SITE PROBABLY COMING BACK HERE TO THE PROBLEM WITH SYSTEM, UM, THERE JUST, WHO KNOWS WHAT THE FUTURE IS RIGHT HERE.
SO I THINK IT, IT WILL BE A, A REACTIONARY EVOLVING PROCESS THAT STARTS WITH KIND OF THAT MACRO PLANNING AND IT STARTS WITH WHAT THESE END-USERS MAY END UP BEING.
SO WHAT I'M HEARING FROM A QUESTION IS AT ANY POINT, IF I'M HEARING RIGHT AT ANY POINT, DO, DO THEY THINK WE'RE GOING TO HELP OUT WITH UTILITIES? AND WHAT I'M HEARING THEM SAY IS, IS THE ANSWER'S NO, BUT THEY DON'T KNOW WHAT THEY NEED FOR UTILITY NECESSARILY TODAY.
BUT WHEN THAT TIME COMES, THEY'RE GOING TO WORK WITH THE END USER ON THAT, ON THEIR OWN AND WORK WITH THE, SO THE ENGINEERING ON THAT.
AND I THINK THAT IT, LIKE, FOR INSTANCE, IF Y'ALL WERE SAYING, OKAY, WE'RE, WE'RE BUILDING THIS SIZE LINE TO, YOU KNOW, STRAIGHT UP THE STRAIGHT UP 33 49, HOW MUCH, YOU KNOW, YOU TILT OR, YOU KNOW, WHAT CAPACITY DO YOU GUYS NEED? AND THEN WE WOULD WORK WITH Y'ALL ON WHAT SORT OF COST PARTICIPATION WE COULD PROBABLY CONTRIBUTE TO HAVE A LINE THAT SIZED APPROPRIATELY.
I THINK THAT WOULD BE SOMETHING THAT WOULD FIT INTO THAT.
BUT I THINK BY AND LARGE, SIMILAR TO WHAT HE WAS SAYING EARLIER ABOUT WORKING WITH YOU GUYS, OR YOU GUYS, UH, BEING ABLE TO HAVE THE, UH, RECIPROCAL EASEMENTS TO BE ABLE TO WORK THROUGH THIS SITE, WE WOULD WANT TO BE ABLE TO WORK WITH YOU GUYS ON GETTING EASEMENTS TO, UH, FOR, FOR ANY UTILITIES THAT MAY BE NEEDED LATER.
THE QUESTION WAS, BUT I DON'T WANT THE ANSWER TO BE THAT WE'RE PROVIDING YOUR WASTEWATER SERVICE AT OUR EXPENSE.
THAT'S MY QUESTION THAT YOU'RE ASKING US TO PAY FOR YOU.
I'M ASKING, ARE YOU GOING TO WANT THE EDC TO PROVIDE THE UTILITY INFRASTRUCTURE WITHIN THIS TRACT OF LAND OR, RIGHT, RIGHT.
SO YOU, ARE YOU ASKING US, ARE WE GOING TO PAY FOR YOU? ARE YOU ASKING US TO BE ABLE TO BRING IT UP TO THIS TRACT OF LAND AND YOU TAKE IT FROM THERE? NO.
IF IT, IF IT SERVICES BOTH OF US THAT WE SHOULD, AND IF THE CITY WANTED TO SAY, HERE'S WHAT I'M HEARING IS IF THE CITY HAS SAID, THAT'S GREAT, GUYS, UH, WE ALSO WANT YOU TO STUB IT OUT ON THE NORTH SIDE OF 79 AND UPSIZE IT, UH, 12 INCHES I'M HEARING YOU GUYS SAY YOU'LL DO IT, BUT THAT'S WHERE THE COST SHARING COMES IN THAT YOU, THE CITY OR THE EDC WILL HAVE TO PAY FOR THE UPSIZING, THE EXTRA 500 FEET.
CAUSE THEY'RE JUST GOING TO COMMIT TO THEIR PROPERTY AND TO THEIR USES.
BUT YOU KNOW HOW THE CITY ALWAYS WANTS TO UPSIZE EVERYTHING AND THE REGIONAL MAPPING FOR UPSIDE.
THE REASON I'M ASKING THIS QUESTION IS BECAUSE WE'VE HAD DISCUSSION WITH FINANCIAL ADVISOR ABOUT BONDING CAPACITY BECAUSE OF THE FACT THAT ONE OF THE THINGS THAT WE'RE LOOKING AT IS WHAT'S, WHAT IS IT GOING TO TAKE TO PROVIDE UTILITIES WITHIN THIS TRACT OF LAND WITHIN THE 1400 ACRES? AND SO WE'RE ALREADY HAVING A DISCUSSION INTERNALLY, BUT IF I'M HEARING TO DEVELOP COMING IN AND SAYING, DON'T WORRY ABOUT WE'LL TAKE CARE OF IT.
THAT LESSENS THE BURDEN OF US, HAVING TO LOOK AT THE BONNIE CAPACITY THAT WE HAVE.
NOW I UNDERSTAND YOU'RE GOING TO SPEND OUR MONEY ON CAPACITY, NOT ON, SO IT CHANGES OUR CONVERSATION INTERNALLY.
SO WE CAN BE YOUR FINANCIAL PARTNER.
WE DON'T HAVE TO GET IT OFF AND WE WILL ACCEPT ZERO INTEREST JUST SO YOU KNOW.
OH, ONE WOULD BE FINE, I GUESS.
SO ANY OTHER QUESTIONS? CAUSE I KNOW WE'VE GOT ANOTHER PRESENTATION.
I THANK YOU GUYS FOR YOUR TIME.
WE WILL BE IN TOUCH WITH YOU PROBABLY THROUGH BOB RIGHT THERE.
WE HAVE AN EXECUTIVE SESSION TO DISCUSS THIS AND THAT WILL HELP YOU.
WE'LL BE ABLE TO DISCUSS IT TODAY BY THE MEMBERS OF THE PUBLIC.
SO THAT MAY BE SOMETHING DIDN'T BOTHER I WOULD CALL FOR COMING IN.
UM, THE ONLY OTHER GROUP HERE IN THE SAME SORT OF GENERAL BUSINESS, THEY GOTTA REPRESENT, REPRESENT A LITTLE BIT LARGER,
[00:55:04]
JUST A DIFFERENT PERSPECTIVE, SAME SET OF PROBLEMS. I THINK THEY'RE DIALING IN OR TRYING TO GET THESE WHAT'S THE NAME OF THE COMPANY? UH, IT WAS CALLED FLINT DEVELOPMENT.UM, AND THEY ARE, UH, THEY ARE A PARTNER WITH CBRA AND, UM, AGAIN, WORK, YOU KNOW, ACROSS THE COUNTRY, DEVELOPING BUILD-TO-SUIT OPPORTUNITIES AND MASTER DEVELOPMENTS, THE ONES WE'VE HEARD FROM JUST SO YOU KNOW, AND I'LL BE SENDING OUT THE ACTUAL PACKAGES THAT WE RECEIVED IN TERMS OF QUALS AND STUFF.
A GROUP OUT IN NEW YORK, NEW JERSEY CALLED KENNEDY INTERNATIONAL, WHICH REALLY BUILDS A PRETTY MUCH STANDARD DISTRIBUTION TYPE FACILITIES.
THEY'VE BEEN LOOKING PRIMARILY JUST AT THE WEST SIDE OF THE PROPERTY, OVER ON 1 32, UM, CLOSEST TO COVERT, UM, AND WOULD BE HAPPY TO TAKE 150 ACRES AND DEVELOP IT OUT RELATIVELY QUICKLY AND SO ON.
UM, WE'VE, WE'VE SEEN A GROUP, A MIRROR AND MIKE AND I HAD AN OPPORTUNITY TO TALK TO A GROUP THAT JUST HAPPENED TO BE IN TOWN LAST WEEK, WHICH WAS A LITTLE BIT MORE OF A MASTER PLANNING GROUP, BUT WITH A TECH FOCUS.
AND SO WE SPENT A LITTLE TIME WITH THEM TRYING TO UNDERSTAND WHAT, WHAT THEY WERE ALL ABOUT AND YOU KNOW, THESE GUYS, UM, I WAS VERY IMPRESSED BY WHAT THEY'RE DOING, WHO THEY'RE DOING IT FOR.
AND I THOUGHT THEY'D BE A NICE COUNTERPOINT JUST TO HAVING A LOCAL OPTION IF WE WANTED TO CONSIDER MORE THAN THAT.
SO THEY WERE GRACIOUS ENOUGH TO INTRODUCE THEIR TEAM AND REALLY TURN IT OVER TO THEM HERE IN JUST A MINUTE.
IF THEY'RE CONNECTED, IT LOOKS LIKE IT.
WHAT WAS THE NAME OF THE COMPANY WE MET WITH MIKE? I DON'T KNOW THAT YOU SHOULD SAY THAT NOW.
UH, I THINK THIS IS THE ENTITY FROM FLINT.
CAN YOU HEAR US OKAY? I THINK THEY'RE STILL MUTED.
CAN WE HEAR THEM? CAN WE HEAR YOU? AND Y'ALL TALK, JUMP UP AND DOWN AND SCREAM.
YOU'RE CALLING NUMBER OR SOMETHING AS AN ALTERNATIVE.
WHAT DOES THE BUTTON, IT SAYS MUTE ALL THIS CLICKED.
NO, IT SHOWS THEM THAT THEY'RE NOT MUTED OVER HERE.
THE TOP THEIR MICROPHONES ARE GOING UP AND DOWN.
THAT'LL AUTOMATICALLY HIT THE MEAT.
CLICK ON THAT AND LET'S SAY NO.
NOW PUT IT BACK AND HE'D SAY YES.
ALL CURRENT NEW PARTICIPANTS I'VE BEEN ALLOW PARTICIPANTS TO UNMUTE THEMSELVES.
YOU SHOULD BE ABLE TO UNMUTE YOURSELF.
NOW LOOK WHERE YOU UNMUTE YOURSELF.
ASK TO UNMUTE IN YEARS AND EITHER MEET YOURSELF.
HOW MANY BOARD MEMBERS DOES IT TAKE TO? WHY DON'T YOU TRY SAYING SOMETHING AGAIN? SEE IF WE CAN HEAR YOU.
WE'VE GOT A COMPUTER WHIZ HERE.
USE THE CHAT TO KIND OF PLUG INTO A SEPARATE SPEAKER.
IT'S THE RIGHT SPEAKER, RIGHT? I MEAN, YOU COULD HEAR SOUND VOLUME WHEN SHE MESSED WITH IT.
THIS IS HOW MOST OF MY CONFERENCE CALLS AT WORK START.
10 MINUTES OF A CAN SOMEONE COME IN AND GET THIS?
[01:00:03]
OKAY NOW WE'RE GOOD.CAN YOU HEAR US? I DIDN'T HAVE MUCH FAITH IN YOU, BUT THAT YOU PULLED IT OFF.
GENTLEMEN, APPRECIATE YOU BEING HERE.
MY NAME IS MIKE I'M WITH THE ECONOMIC DEVELOPMENT CORPORATION.
WE DO HAVE OUR BOARD MEMBERS PRESENT.
UH, JUST LET YOU KNOW, YOU ARE IN THE MIDDLE OF OUR ECONOMIC DEVELOPMENT BOARD MEETING.
SO I BELIEVE YOU HAVE A PRESENTATION TO US THAT WAS GOING TO FULFILL OUR AGENDA ITEM 5.1, WHICH IS CONDUCTED WORKSHOP TO RECEIVE PRESENTATIONS FROM ECONOMIC DEVELOPMENT PROSPECTS, SEEKING THE ASSIGNMENT OF LAND USE PURCHASE OPTIONS AGREEMENTS HELD BY THE CORPORATION FOR THE ACQUISITION OF LAND IN AND ABOUT THE MEGA SITE.
SO I'M GOING TO TURN IT OVER TO YOU AND LET YOU GO AHEAD AND DO YOUR PRESENTATION.
UH, YOU HAVE THE CLINTON DEVELOPMENT TEAM AND OUR ASSOCIATED PARTNERS HERE WITH YOU.
UH, THANKS FOR ALLOWING US TO, UH, DO A BRIEF PRESENTATION FOR YOU ABOUT OUR ABILITIES AND OUR INTEREST IN THIS SITE, UH, HAVE WITH US THIS EVENING, TWO OF OUR PRINCIPAL ARCHITECTURAL PARTNERS WITH DAVIDSON AG, THEY, THEY WORK ON, UM, ALL OF OUR PROJECTS THROUGHOUT THE COUNTRY COURT MAXWELL WITH THE POLSINELLI LAW FIRM AND A NATIONAL LAW FIRM THAT HANDLES ALL OF OUR WORK IS ERIC VIEWER WOULD BURNS AND MCDONNELL.
UM, THEY ARE CAPITAL PARTNER ON ALL OF FLYNN'S PROJECTS THROUGHOUT THE LOWER 48 STATES HERE, MY BUSINESS PARTNER, DEVIN SCHUSTER, AND, UH, KALE CHOICE ALSO WITH HERE AS WELL.
WE ARE TRYING TO, IS THERE ABILITY FOR US TO SHARE A SCREEN OR COULD THAT BE ALLOWED? YES.
UH, TO BE ABLE TO MAKE THEM A CO-HOST I THINK NO THAT'S FOR US.
I THINK YOU HAVE TO ASSIGN CO-HOST PRIVILEGES TO THEM.
RANDALL, GET ON THE COMPUTER, GOOGLE, GO AGAIN AND GO.
COULD YOU JUST SIT THERE, TAKE OVER THAT.
NOW THEY ALL KNOW WHO RANDALL IS, RIGHT.
SORRY FOR THE DIFFICULTIES HERE.
I THINK IT'S A SHORT BETWEEN THE INSTRUMENT AND THE OPERATOR.
I WOULD NOW MAKE ALL THE HOSTS SO YOU CAN THEN SHARE, SHOULD BE ABLE TO SHARE NOW.
AND THEN WE'LL GO AHEAD AND GO TO SPEAKER SO THAT THE ONLY PERSON TALKING WILL BE FULFILLING.
CAN YOU SEE OUR SCREEN WITH THE FLINT DEVELOPER LOGO? YEAH, NO.
NOW WE'RE SEEING OURSELVES, WE'RE SEEING OURSELVES AND WHAT WE'RE SEEING KIND OF FREAKING US OUT A LITTLE BIT.
NO, IT'S UM, UH, DAVID IS SHARING THE WRONG SCREEN THERE.
YOU THINK THEY WERE JUST SHOOTING LIKE YOU WERE SHARING THE WRONG SCREEN IS WHAT IT WAS.
OKAY, GO AHEAD AND TRY, GIVE IT A SECOND HERE.
UM, WE'LL JUST CUT, BLOW THROUGH THIS.
SO AGAIN, WE ARE KEEP THE CITY-BASED, UM, ORGANIZATION DOING CLASS, A INDUSTRIAL SPECULATIVE DEVELOPMENT THROUGHOUT THE COUNTRY.
WE PRIDE OURSELVES ON BEING FAST, FRIENDLY, FLEXIBLE, UH, WHEN IT COMES TO TAKING ON NEW SITES, WE WERE ONSITE, UH, TWO WEEKS AGO TO REVIEW THIS WITH OUR ENTIRE TEAM.
UH, ONCE WE LEARNED OF ITS POTENTIAL AVAILABILITY TO THE MARKET, UH, TO, TO BECAME IT, WE'D LOVED IT.
UH, WE'VE IDENTIFIED THIS AS A TOP OPPORTUNITY FOR OUR TEAM AND WOULD LOOK FORWARD TO A PARTNERSHIP HERE WITH YOU.
JUST A LITTLE BIT ABOUT US AT PRESENT.
WE HAVE, UH, JUST UNDER 8 MILLION SQUARE FEET UNDER CONSTRUCTION IN OUR DEVELOPMENT PIPELINE.
SO THOSE ARE PROJECTS THAT THE LAND IS UNDER CONTRACT, WHERE WE'RE IN DESIGN OR VARIOUS STAGES OF ENTITLEMENT IS A LITTLE OVER 18 MILLION SQUARE FEET.
[01:05:01]
GOOD.A FEW OF THE TENANTS THAT WE'RE PRESENTLY WORKING WITH, UH, THROUGHOUT OUR, THROUGHOUT THE MARKET.
UH, THIS IS PROBABLY THE, I'LL JUST PAUSE YOU HERE FEEL, UM, RIGHT NOW, UM, WE FOCUS ON EMERGING MARKETS FOR CLASSY INDUSTRIAL DEVELOPMENT AND IN DOING SO, WHAT WE'VE CUSTOMARILY DONE HAS BEEN BUILDING ONE OF THE LARGER SPEC BUILDINGS, UH, THAT THE MARKET IS SEEING.
WE DO THAT IN ORDER TO DIFFERENTIATE OURSELVES IN OUR, OUR PRODUCT FROM THE COMPETITION.
UH, WE HAVE ENGAGED WITH CVRE, UH, TO HELP US, UM, WITH THIS PROJECT, THEY ARE HELPING US WITH A PROJECT IN EL PASO, A GOOD EXAMPLE.
THERE WERE, YOU KNOW, HISTORICALLY TWO TO 300,000 SQUARE FOOT BUILDINGS, UM, ARE THE LARGEST THAT HAVE BEEN EVER BUILT BY, UH, THE, THE LOCAL DEVELOPERS.
WE ENTERED THAT MARKET THIS YEAR IN OUR UNDER CONSTRUCTION ON A 800,000 SQUARE FOOT BUILDING IN COMPANION TO 111,000 SQUARE FOOT BUILDING, UH, RIGHT OFF OF THE INTERSTATE, UH, THUS FAR IN EVERY SCENARIO.
OUR, UH, THESIS HAS PROVEN CORRECT THAT THESE USERS AND THESE OCCUPIERS, UH, REQUESTS SIZES FOR SPACE ARE INCREASING ON A DAILY BASIS.
AND WE'RE SEEING A MIX OF TENANTS INTERESTED IN, IN THE DEVELOPMENTS THAT WE DO PROBABLY HAVE IN THE MANUFACTURING SECTOR AND THE OTHER HALF IN DISTRIBUTION AND LOGISTICS.
THAT'S IN LARGE PART DUE TO THE RISE OF E-COMMERCE AND ALSO THE ONSHORE AND REASSURING OF AMERICAN MANUFACTURING.
SO A TEAM HERE WHO IS ABOUT THE COUNTRY, UH, NOTICING STUDYING, UH, MARKET DYNAMICS AND HOW THOSE PARALLEL TO EACH OF THESE INDIVIDUAL PROJECTS, AND AS SUCH ARE VERY EXCITED ABOUT THE, UH, THE OPPORTUNITY HERE WITH YOU AND HOW TO WE HAVE, UH, WHAT WE'RE GOING TO SHARE WITH YOU THIS EVENING ARE SOME INSPIRATIONAL IMAGES THAT WE'VE PUT TOGETHER FOR OUR CONCEPTUAL BUILDING DESIGN BASED ON OUR DESIGN PARTNERS HERE.
SO KEEL BRIEFLY KIND OF WALK THROUGH THAT, UM, OF THE TYPE AND STYLE OF QUALITY OF ARCHITECTURE THAT WE'VE BEEN WORKING WITH.
AND THEN LASTLY, UM, WE HAVE PREPARED WHAT WAS A CONCEPT SITE PLAN HERE, UH, THAT WE'RE GOING TO SHARE WITH YOU.
THIS IS JUST OUR FIRST BITE OF THE APPLE, SO TO SPEAK PERHAPS A LITTLE BIT LARGER BUILDING SIZE, UH, THAN WHAT WE WOULD BUILD IN FULL FRUITION AFTER ENGAGING WITH CPRE OVER THE WEEKEND INTO MONDAY, ABOUT WHAT THEY SEE AS A SUITABLE MIX OF BUILDING SIZES AND TENANTS.
UM, ONE OF THE KEY ISSUES THAT WE'VE IDENTIFIED THUS FAR IS THE ACT GRADE RAIL CROSSING, UM, THAT YOU CAN SEE HERE, RIGHT ON THE PRIMARY ARTERIAL THAT WILL NEED TO BE IMPROVED.
WE FEEL LIKE WE NEED TO FIND A SOLUTION FOR THAT.
WE HAVE, WE HAVE CONCEPT ID ONCE A TWO, WHICH IS CHRIS, PERHAPS YOU WANT TO EXPLAIN THAT AND SURE.
WHAT THIS CONCEPT KIND OF ENTAILS IS A SINGLE RAMP THAT WOULD GO OVER THE HIGHWAY, AS WELL AS THE RAIL CROSSING TO REALLY CONSOLIDATE COSTS AND, UM, NOT NEED MULTIPLE RANCH TO GET TO THE LOGISTICS SIDE OF THIS SITE OVER THAT RAIL.
SO REALLY WHAT YOU'RE LOOKING AT HERE IS THE ABILITY WHETHER YOU'RE HEADING EAST OR WEST TO GET OFF OF THE HIGHWAY, COME TO THAT INTERSECTION, UM, AT THE SIGNAL TRAVEL NORTH, COME BACK TO THE MAIN ROAD AND THEN BE ABLE TO TRAVEL NORTH OR SOUTH AND GO OVER THE RAMP AT THAT POINT TO ACCESS THIS SITE, AS WELL AS THE REST OF THE MEGA SITE AS A CONTINUOUS, UM, TO THE EAST, YOU KNOW, FROM OUR PERSPECTIVE, UH, WE THINK THE TIME IS NINE FOR SPECULATIVE PROJECTS.
UM, AT THIS SITE, SHOULD WE BE ABLE TO WORK THROUGH SOME OF THESE DETAILS? AND IT FEELS VERY ANALOGOUS TO A CURRENT PROJECT THAT WE HAVE THAT YOU'D SEE ON THAT MAP, IF YOU COULD BRING UP THAT BROCHURE.
UM, WHAT WE'LL SHARE WITH YOU HERE IS A PROJECT THAT WE'RE DOING IN SOTO.
KANSAS DESOTO IS A SMALL BEDROOM COMMUNITY TO KANSAS CITY.
UM, AND THAT'S NOT TO DRAW AN ANALOGY WITH HUDDLE, BUT JUST WHERE THEY ARE IN THE DEVELOPMENT CYCLE.
WE WERE AWARDED THIS PROJECT, UH, FROM THE OPTION BOULDER, WHO HAPPENED TO BE THE DESOTO CHAMBER OF COMMERCE.
UM, THEY HAD SEEN A LOT OF INTEREST IN THIS SITE OVER THE YEARS, BUT NEVER GOT BITES BECAUSE,
[01:10:01]
UH, THERE WAS INFRASTRUCTURE THAT NEEDED TO BE COMPLETED.PARTICULARLY THERE WERE NO SEWER ACCESS TO THE SITE.
UH, THE ROADS WERE INSUFFICIENT, BUT BUDDING THE SITE FOR, UH, MAJOR TRUCKS AND HEAVY CAR TRAFFIC FOR TYPES OF USERS AND THE SITE IS UNGRADED.
SO IT'S, IT'S GREAT IN CONCEPT.
UH, BUT WHAT WE FOUND IS THESE USERS, WHEN THEY APPROACH A SITE, THEY'RE LOOKING FOR SHOVEL-READY OPPORTUNITIES.
SO WE WORKED WITH THE CITY, THE CHAMBER, UH, IN THEIR COUNCIL ON THIS PROJECT RE RECENTLY, UH, AWARDED REZONING.
WE ARE NOW, UH, LOOKING TO CLOSE ON THIS PROJECT IN THE NEXT MONTH OR TWO IN WHAT, WHAT IS DOING IS, UH, TAKING OVER THE PURCHASE CONTRACT, UM, WORKING THROUGH A DEVELOPMENT AGREEMENT WITH THE CITY, WE ARE GOING TO, UH, PROVIDE INTERVENE, JUST PAUSE THERE.
UM, PROVIDE INFRASTRUCTURE IMPROVEMENTS TO THE SITE.
SO SOME WORKS WITH THE RAMPS, A NEW THOROUGHFARE STREET, A BUDDING BUILDINGS, A B, AND C THAT YOU CAN SEE HERE, UH, BRINGING SEWER TO THE SITE WITH THE CITY UNDER BUILD APPROACH SO THAT WE CAN MAKE THIS SITE.
IS THERE A DIFFERENT PRESENTATION THAT YOU'RE PUSHING? ALL WE SEE IS THE HUDDLE, TEXAS PITCH DECK.
I DIDN'T WANT TO THROW A WRENCH IN Y'ALL'S PRESENTATION, BUT YOU GUYS ARE DESCRIBING BUILDING A DAY AND B AND WE WEREN'T SEEING THAT.
YOU THINK WE'D HAVE IT BY NOW, RIGHT? AT LEAST.
CAN YOU SEE THIS NOW? I THINK IT'S COMING UP SLOWLY.
NOW WE SEE THREE ITEMS, ONE FOLDER PDFS.
WELL, WE PROMISE IT'S A SUPER COOL PROJECT.
NOW IN ALL SINCERITY, IT'S A 370 ACRE TRACK, UH, THAT IS CURRENTLY JUST FARM FIELDS AND MAJOR USERS AND OCCUPIERS HAVE WANTED TO WORK ON THIS SIDE, BUT YOU'VE GOT AN ABSENCE THAT UTILITIES AND INFRASTRUCTURE UPGRADES THAT NEED TO HAPPEN OR COMING IN WE'RE FUNDING THAT WE'RE CLOSING THE SITE IN CASH, AND WE'RE GOING TO SPEND APPROXIMATELY $25 MILLION ALL TOOL TO GET THIS THING, PAT READY AT THE END OF THE DAY, OUR BUSINESS PLAN FROM FLYNN'S PERSPECTIVE IS, UH, TRULY FLEXIBLE.
WE'RE GOING TO BE ABLE TO DELIVER PAT SITES TO USERS.
IF SOMEBODY WANTS TO COME IN AND BUY LAND, THEY NEED IT.
WE SEE WHAT YOU WERE TRYING TO SHOW US, SEE WHAT YOU'RE TALKING ABOUT NOW.
THIS IS WHY THE REMOTE WILL NOT LAST FOREVER.
WE'LL GO BACK TO THE PERSON YOU A MUTE YOURSELF.
YOU'RE MUTED BECAUSE IT'S SO TRUE.
I'M LIKE, THERE'S THE BUTTON, PUSH IT.
AS SOON AS I GOT TO FIGURE IT OUT, THERE'S AN UPDATE.
AND THEN IT CHANGES HOW YOU DO IT.
OR YOU'RE UN-MUTED NOW THAT'S FINE.
IT'S ONE OR THE OTHER APPARENTLY.
IT'S A MONDAY, EVEN FOR TECHNOLOGY.
UM, WE'LL, WE'LL SEND YOU THAT BROCHURE AS A FOLLOW-UP, UH, IT'S A VERY ANALOGOUS PROJECT WHO WHAT WE THINK YOU'RE PROBABLY HOPING TO ACCOMPLISH HERE.
UM, LONG STORY SHORT, UM, WE'RE VERY INTERESTED IN THIS OPPORTUNITY.
WE HAVE A DEDICATED CAPITAL PARTNER HERE.
ALL OF THE DECISION MAKERS ARE HERE.
UH, WHEN WE IDENTIFY SITE THAT WE'RE INTERESTED IN OUR DESIGN TEAM PRODUCES CONCEPT PLANS WITHIN THE SAME BUSINESS DAY.
THAT'S SOMETHING WE'RE INTERESTED IN.
[01:15:01]
OUT IN 20 MORE HOURS.OUR ENTIRE LEGAL TERM TEAM DOES INTEGRATE WITH US SO THAT WE TURN PURCHASE AGREEMENTS IN 24 HOURS.
LISA'S 0.4 HOURS, SPEED WINS DEALS AND TIME KILLS THEM IN OUR, IN OUR WORLD.
UM, WE THINK THAT'S LIKELY THE CASE HERE, AND WE'D BE VERY PLEASED TO CONTINUE DISCUSSIONS ABOUT HOW WE COULDN'T HELP YOU WITH THIS SITE.
UM, AGAIN, WE HAVE AN INTEREST IN BUILDINGS, SPECULATIVELY HERE, AND WE THINK WITH THE PROPER GRADING AND INFRASTRUCTURE IN PLACE, IT'LL ALSO GET A LOT OF ATTRACTION FROM OTHER USERS WHO MIGHT WANT TO BUY LAND FOR US, UH, FOR THEIR OWN FACILITIES.
SHOULD THEY HAVE THE NEED TO OWN THEM AND NOT WANT TO LEASE FROM US? SO WE'RE ULTIMATELY FLEXIBLE, GOOD GROUP OF PEOPLE TO WORK WITH AND WE CAN BE DOWN THERE TO SEE AS, UH, AS SOON AS THEY WILL.
UH, I THINK WE MAY HAVE SOME QUESTIONS FOR YOU FROM OUR BOARD MEMBERS, WARDEN.
ANY QUESTIONS? DO YOU HAVE SOMETHING GO AHEAD AND SAY, I'M SURE YOU PROBABLY WANT TO ASK ABOUT THE CALLBACK RATE.
WELL, I WAS GONNA SAY, I, I SEE IN YOUR PRESENTATION YOU HAD A BRIDGE WITH LIKE KIND OF A LOOP OVER 79, IS THAT, YOU KNOW, CAUSE WHEN WE LOOK AT A LONG-TERM DEVELOPMENT PLAN, THAT'S GOING TO BE A MAJOR ARTERIAL ROAD FOR HADOW, BUT IT LOOKS LIKE IN YOUR DESIGN, YOU WERE LOOKING AT MAINLY JUST TO BE TO YOUR SITE.
SO HAVE YOU, ARE YOU LOOKING AT SIZING THAT, SO THAT IT WORKS ACROSS THE CITY OF HADOW AND ALL OUR RESIDENTS OR JUST TO YOUR SIDE, BECAUSE THAT'S A COMPLETELY DIFFERENT, UM, DISCUSSION.
AND THEN THAT PUTS IN A COST MODEL FOR US AS WELL.
I THINK WHAT WE WANT TO POINT OUT IS, SO THIS IS THE PRELIMINARY THOUGHT.
UM, THE FACT OF THE MATTER IS AN AT GRADE REAL CROSSING FOR AN, FOR A BUSINESS AND INDUSTRIAL PARK, LIKE, YOU KNOW, ONCE BE CREATED HERE IS A MAJOR PROBLEM, A HUGE RED FLAG FROM A SITE SELECTORS PERSPECTIVE.
AND WE'VE SEEN IT TIME AND TIME AGAIN WITH OCCUPIERS.
SO WHETHER THAT, UH, YOU KNOW, THAT'S PRECISE, UH, FIXED FOR THE PROBLEM IS, YOU KNOW, CAN BE DEBATED AND STUDIED WITH, YOU KNOW, ENGINEERS AND INTEGRATED WITHIN YOUR TRANSPORTATION INFRASTRUCTURE PLAN.
UM, WE JUST KNOW SOMETHING NEEDS TO HAPPEN THERE IN SOME FORM OR FASHION FOR THIS TO BE SUCCESSFUL LONG-TERM, BUT THERE'S NO INTENTION FOR THAT ONLY TO SERVE US WIDER AREA OF THE CITY, BE SIZED TO THE RIGHT APPROPRIATE WAY.
WE WORK WITH THE PARTNERSHIP WITH THE ECONOMIC DEVELOPMENT BOARD AND THE CITY TO MAKE SURE IT'S A WIN-WIN FOR THE WHOLE ENTIRE COMMUNITY.
IT WAS NOT INTENDED IN ANY WAY TO SHOW THIS VERY QUICK SOLUTION.
WE CAME UP WITH TO BE SOLELY DEDICATED TO THIS PROJECT.
AND I THINK THAT PROBABLY, IT'S JUST A MATTER OF NOT UNDERSTANDING AND HAVING THE, UH, OR BEING PRIVY TO THE INFORMATION THAT'S OUT THERE ABOUT THE, THE WAY THAT EVERYTHING'S GOING TO BE DEVELOPED OUT AS FAR AS THE MAJOR ARTERIAL AND OVERPASS KINDA BE ON THE, UH, EAST SIDE OF THAT PROPERTY.
SO I THINK ONCE YOU WERE ABLE TO SEE THAT DANIEL POLLY DEFINITELY CHANGE YOUR SCOPE OF IT, BUT WHAT I'M LOOKING FOR IS MORE KIND OF JUST AN INTERIOR BASIS OF THE TRACK ITSELF.
UH, ANY OTHER QUESTIONS ANYBODY WANTS TO PASS ON OR ASK? WELL, DEVELOP ON COMMISSIONER CLARK.
SO THAT BRIDGE, AS IT'S KIND OF OUTLINED FOR, UH, THE CITY WAS TO HAVE A JUG HANDLE JUST LIKE YOU GUYS HAVE A COMING BACK TO 79.
AND SO MAYBE, UH, I DON'T KNOW WHAT YOU GUYS HAVE IN YOUR PERFORMA FOR BUILDING A BRIDGE OUT HERE.
UM, WE HAVE SOME PRELIMINARY COSTS, BUT MAYBE, MAYBE IF THERE WAS AN LOI OR SOMETHING THAT YOU GUYS CAN PUT IN THERE THAT YOU'LL PAY UP TO, YOU KNOW, X AMOUNT TOWARDS THAT BRIDGE, THAT WAY, ANYTHING OVER THAT MAYBE WE CAN DO A THREE 80 TO REIMBURSE YOU FOR THAT.
UM, AND YOU GUYS ARE DOING A 224 ACRE.
IS YOUR IDEA, IS THAT RIGHT? UM, I THINK WE HAVE SOME FLEXIBILITY THERE, SO WE HAVE TO START SOMEWHERE.
OBVIOUSLY WE'RE NOT GOING TO BUILD ALL THIS AT ONCE.
UM, YOU KNOW, AND THE IDEA IS, YOU KNOW, IS, IS BUILDINGS BECOME LEASE AND BECOME SUCCESSFUL? YOU KNOW, PERHAPS WE CAN TAKE ON ADDITIONAL PHASES OF DEVELOPMENT, UM, AS WELL ON KIND OF A, YOU KNOW, A MUST TAKE SORT OF A SCENARIO.
WE, WE OBVIOUSLY DON'T WANT TO FLOOD THE MARKET EITHER WITH PRODUCT.
THAT'S GOING TO SIT THERE AND BANG.
IT'S NOT A GOOD LOOK FOR A PROJECT, SO WANT TO BE MINDFUL OF THAT AS WELL.
SO THE WAY I UNDERSTAND OUR OPTION AGREEMENTS ARE THAT WE'RE EITHER GOING TO HAVE TO BUY, LIKE, WHAT IS IT, 700 ACRES AT ONCE COMING UP OR WE DON'T BUY ANY.
[01:20:01]
THE REST OF THE DEAL ALSO.HOW SOON CAN YOU GUYS CLOSE ON A PROPERTY, LIKE ON THERE'S 224 ACRES, W WE UNDERSTAND THAT THAT YOUR CONTRACT DATE IS APRIL 30TH, IS THAT CORRECT? I'M SORRY.
CAN YOU SAY IT AGAINST THE DEADLINE? UM, APRIL 30TH IS THE DEADLINE FOR CLOSING UNDER THE ASSIGNMENTS? UM, I THINK IF, YOU KNOW, WE WERE SELECTED FOR US MOVE FORWARD WITH YOU.
THAT'S ATTAINABLE, THAT'S REALLY QUICK, BUT WE WOULD HAVE TO REDEDICATE SOME RESOURCES TO MAKE SURE THAT WE GET ALL OF OUR DUE DILIGENCE DONE IN VERY SHORT ORDER HERE.
IT'S ALMOST LIKE A BUILT-IN TEST TO SEE HOW MUCH CAPITAL YOU HAVE, HOW QUICKLY YOU CAN ACCESS IT.
ANY OTHER QUESTIONS? NO, I'M SORRY.
I KNOW IT'S ALWAYS A QUESTION FOR THE LAND SELLERS OR OFTEN THESE YOU'VE GOT, UM, OR 300 MILLION COMMITMENTS THROUGHOUT OUR INVESTMENT PORTFOLIO AND RUBY GROWTH.
SO 20 TO 25 MILLION IN LAND PURCHASES, WE FILL ON AS SMALL AS 5 MILLION.
AND I'VE GOT ONE PROJECT WHERE WE GOT UPWARDS OF 55 MILLION IN A SINGLE INVESTMENT ON THE SIDE OF REDEDICATING RESOURCES.
LIKE THIS IS NOT SOMETHING THAT WE HAVE DONE THAT BEFORE THIS TEAM HAS BEEN ABLE TO EXECUTE DEALS IN 90 DAYS OR LESS, THAT WE'VE LOOKED AT WORK WITH OPPORTUNITIES, WORK WITH CONTRACT PURCHASERS, TAKEN OVER CONTRACTS AND SUCCESSFULLY GOT TO THE FINISH LINE.
UM, QUESTION I WANTED TO ASK YOU, WHICH I'VE ASKED THE OTHER DEVELOPERS HERE WAS, UM, CURRENTLY IN THAT PARTICULAR TRACTOR LAND, THE 1400 ACRES THAT WE HAVE, WE'RE LOOKING ALSO TO, OF HAVING TO BE ABLE TO PROVIDE UTILITY INFRASTRUCTURE AT THIS POINT IN TIME, THERE IS NO WATER WASTEWATER THERE.
UM, AND MY, MY QUESTION THAT I HAVE FOR YOU IN THE SECTION THAT YOU'RE LOOKING AT IN THE DEVELOPMENT OF THAT, IS THAT GOING TO INCLUDE THE INFRASTRUCTURE LAYOUT ON YOUR PART, ARE YOU LOOKING FOR THE EDC TO BE ABLE TO, TO PROVIDE IT ALL OR PARTNER WITH EDC? HAVE YOU PUT ANY THOUGHTS AS TO WHAT THAT WOULD ENTAIL FROM YOUR END, FROM A UTILITY INFRASTRUCTURE STANDPOINT? IF YOU DON'T HAVE AN ANSWER, THAT'S FINE.
I JUST DIDN'T KNOW IF THAT WAS SOMETHING THAT YOU MIGHT HAVE CONSIDERED AND THOUGHT ABOUT.
I MEAN, TYPICALLY WE WOULD WORK JUST LIKE IN THE CITY TO UNDERSTAND WHERE THESE CONNECTION POINTS ARE, WHERE THE TIE INS ARE AT AND COME UP WITH AN EFFECTIVE UTILITY PLAN.
UH, TYPICALLY WE WOULD WORK IN PARTNERSHIP, UM, WHETHER IT'S A DESIGN BILL CONTRACT TO EXTEND THOSE TO THE SITE.
UM, AND THEN OF COURSE ON OUR SIDE, WE WOULD BE, YOU KNOW, RESPONSIBLE FOR GETTING THESE TO THE VARIOUS PATHS AS TO SET THEM UP FOR SUCCESS, UH, OR QUICK TURNS ON VERTICAL CONSTRUCTION.
UM, DID YOU SAY IT WAS SANITARY AND WATER THAT NEEDED TO BE EXTENDED? CORRECT.
THERE IS NO, THERE'S NO INFRASTRUCTURE THERE AT ALL.
I MEAN, NO UTILITY INFRASTRUCTURE, NO ROADS, NO ANYTHING THERE, THAT'S A PART OF THE DEVELOPMENT THAT WE'RE TAKING A LOOK AT.
IT WE'VE TALKED TO OUR FINANCIAL ADVISOR ABOUT FROM A BONDING CAPACITY, BUT THAT'S, THAT WAS THE OTHER THING I WAS LOOKING TO FIND OUT IS THAT, IS, IS WE LOOKING AT THIS BEING A SHARED COST WOULD BE THAT JUST TO COST THE DEVELOPER PASSED ON, OR WOULD YOU BE LOOKING FOR THE, UH, EDC, THE CORPORATION TO BE ABLE TO DO THAT? I MEAN, THAT'S JUST SOME OF THE THINGS TO CONSIDER THAT IF YOU'VE GOT AN ANSWER FOR THAT.
WELL, I THINK WHAT WE CAN SAY IS WE'RE FLEXIBLE ON THAT.
UM, YOU KNOW, WE'RE ACCUSTOMED TO, UM, TYPICALLY PAYING OUR SHARE, UH, FOR THAT WORK.
OBVIOUSLY THERE'S A LOT OF GROUND THAT'S GOING TO BE BENEFITED BY THAT, YOU KNOW, US BEING FIRST IN THE EARLY INFRASTRUCTURE THERE, UH, SOMETHING TO BE CONSIDERED THERE IS PARK THAT, UM, WE'RE CREATIVE WHEN IT COMES TO FINANCING.
AND, YOU KNOW, AT THE END OF THE DAY, WHAT WE HOPE TO DO HERE IS PUT UP BUILDINGS THAT ARE GOING TO BE WELL RECEIVED IN THE MARKET.
THEY'RE GOING TO CREATE A SUBSTANTIAL AMOUNT OF TAX BASE AND NOT AN AWFUL AMOUNT OF JOBS TO THE COMMUNITY, ALONG WITH ALL OF THOSE, UH, BENEFITS THAT COME ALONG IN BETWEEN LIKE CONSTRUCTION EMPLOYMENT AND ALL OF THE ANCILLARY BENEFITS SUCH AS THE RETAIL SALES AND OTHERWISE FROM, YOU KNOW, PUTTING UP A PROJECT LIKE THIS, THAT'S, THAT'S WHAT WE'RE OUT TO DO REGARDLESS OF THE COMMUNITY THAT WE'RE DEVELOPING.
MY LAST QUESTION IS BASED ON THE DEVELOPMENT THAT YOU'RE LOOKING AT, AND SOME OF THE, UH, INFORMATION WE RECEIVED FROM OTHER ENTITIES IS DO YOU HAVE KIND OF A CLIENT BASE BY WHICH YOU'RE WORKING WITH AND, UH, SOME OF THE NAMES THAT YOU HAVE THAT YOU WORK WITH THROUGHOUT THE NATION.
AND I'M NOT SAYING THAT YOU'LL BRING THEM HERE.
[01:25:01]
KIND OF A LIST OF CLIENTS THAT YOU CURRENTLY HAVE WORKED WITH IN THE PAST ARE WORKING WITH CURRENTLY.YEAH, WE, WE'VE GOT A WHOLE PORTFOLIO ACROSS OUR NETWORK, 25 PLUS MILLION SQUARE FEET.
WE HAVE A LOT OF REPEAT CLIENTS, BUT WE'VE GOT EVERYONE FROM A LIST YOU SAW ON THEIR WEBSITE AND THEIR BROCHURE TO WILLIAMS-SONOMA.
IT WAS ON IN THE PAST ALL KINDS OF LARGE PUBLIC ENTITIES AND SMALLER REGIONAL COMPANIES WILL.
AND MY QUESTION IS YOU HAVE THIS PRELIMINARY DESIGN AND OBVIOUSLY THE CUSTOMERS MADE CHANGE WHAT IT WOULD BE, BUT AT FINAL BUILD-OUT, DO YOU HAVE AN IDEA OF WHAT THE ESTIMATED TAXABLE VALUE WOULD BE OF YOUR, OF YOUR DEVELOPMENT GET BALLPARK OF THAT, THE TOTAL LAST MINUTE TAXABLE VALUE OF WHAT WE CREATE HERE? YES.
THREE OF THOSE 500 MILLION DEPENDS ON WHAT KIND OF INFRASTRUCTURE INDIVIDUAL TENANTS WILL HAVE THE NEW AUTOMATED FULFILLMENT OR LIGHT MANUFACTURING, VERY WHITE, UM, HAVE THEY SUBMITTED AN LOI YET? IT IT'S A HUGE PROJECT.
IT'S, IT'S A BIG PROJECT FOR US.
UM, WE THINK THIS IS SOMETHING THAT'S, UM, YOU KNOW, GONNA HAVE A BIG SCAR ON IT AS IT RELATES TO THE LEASING COMMUNITY AND HOW THIS PROJECT'S RECEIVED IN THE MARKET.
UM, AND WE THINK IT BE SUCCESSFUL, OBVIOUSLY WE'RE PRETTY SIGNIFICANT PAGER IN ORDER TO DO SO.
I THINK WE DO HAVE ANOTHER QUESTION.
WE'VE GOT ONE OTHER QUESTION FOR YOU GUYS.
LET'S SAY WE DECIDE TO ASSIGN YOU AN OPTION FOR THE 224 ACRES AND YOU GUYS PURCHASE THE LAND.
HOW DO WE PROTECT OURSELVES THAT IN FIVE OR SIX YEARS IT'S DONE ON HAVING COTTON GROWN ON IT AND YOU GUYS HAVE ACTUALLY DEVELOPED IT, WHAT ASSURANCES OR HOW CAN YOU MAKE A CAUSE WE HAVE TO ANSWER TO THE CITY COUNCIL.
SO HOW, HOW DO WE, HOW DO WE BRING, UM, I GUESS A LEVEL OF COMFORT THAT YOU GUYS WILL DEVELOP THIS, UM, W WHAT, WHAT HAVE YOU DONE IN THE PAST ON DEALS LIKE THIS? YEAH, SO FOR THE REALLY PRACTICAL POINT, UM, WE BUY ALL LANDING CASH.
WE ONLY EVER USE DEBT, FINANCIAL RESOURCES LIKE THAT ONCE WE'RE ACTUALLY BUILDING A BUILDING, SO THIS LAND WILL ALL BE PURCHASED IN CASH.
UM, AND THEN W WITH EVERY TIME WE'VE ENTERED IN WITH A PUBLIC PARTNER BEING A CITY OR CHAMBER OF COMMERCE, WE EXPECT IN THAT PROCESS OR AN EDC, WE EXPECT THAT THERE'S GOING TO BE A DEVELOPMENT AGREEMENT, CLEARLY OUTLINES THE RESPONSIBILITIES BETWEEN THE PARTIES.
SO, UM, YOU KNOW WHAT WE'RE GOING TO SAY ON THIS IS THAT WE'RE GOING TO BUY THE GROUND.
WE'RE GOING TO DEVELOP, AND WE'RE GOING TO BUILD SPECULATIVELY.
WE GO OUT THERE AND BUILD A BUILDING.
SO I THINK WE WOULD GO OUT AND MAKE THAT COMMITMENT TO YOU, RIGHT FROM THE FRONT THAT THAT WOULD HAPPEN.
AND IF WE WEREN'T GOING TO DO THAT, WE WOULD OBVIOUSLY WORK THROUGH, UH, DEFAULT OPTIONS WITH YOU, UH, HOW THE EDC OR THE CITY OR OTHERS COULD BE ABLE TO REPURCHASE THE GROUND, UH, IN THAT PROCESS.
SO THAT GROUND DIDN'T JUST LIKE FOLLOW, BUT TO BE VERY CLEAR WITH ALL OF THE PROJECTS WE HAVE, WHEN WE TAKE DOWN GROUND, WE SPECULATIVELY DEVELOP, WE DO NOT SIT AND WAIT.
UH, WE IMMEDIATELY WANT TO GET PRODUCTIVE AND PUT IT TO USE.
SO IF THERE WAS LIKE A, IF THERE WAS LIKE A, UH, SOME TIMEFRAME TO WHERE, LIKE, AFTER FIVE YEARS, YOU HAD TO HAVE SAY, 25% BUILT OUT, OR THE EDC COULD EXERCISE AN OPTION TO BUY 25% OF THE LAND BACK AT SAY A 10% THAN WHAT YOU PAID ON.
IT THAT'S SOMETHING THAT YOU GUYS, I MEAN, IT KIND OF PUTS A PRESSURE ON YOU ALL TO DEVELOP IT.
IT'S NOT OVER WHATEVER THE NUMBERS ARE, IS OVER, UH, BURDENSOME IN TERMS OF, YOU KNOW, WE'RE NOT TRYING TO SET YOU UP TO FAIL, BUT THAT GIVES US SOME PROTECTION.
YOU GUYS ARE OKAY WITH SOME KIND OF RANGE.
LIKE, I THINK WE'D HAVE TO WORK THROUGH ALL OF THOSE DETAILS, RIGHT? BETWEEN US ALL AND CONSIDERATION OF DEVELOPING COSTS AND INFRASTRUCTURE, AND ALL OF THE OTHER THINGS THAT GO INTO THIS.
BUT YES, THE CONCEPT OF HAVING PUBLIC PURCHASE OPTIONS HAVE A LITTLE BIT OF A CARROT ON ONE SIDE AND A STICK ON THE OTHER.
WE'RE FAMILIAR WITH THAT AND HAVE WORKED THROUGH THOSE KINDS OF THINGS MANY, MANY TIMES.
ANY QUESTIONS HAVE YOU WORKED WITH TAX INCENTIVE TAX INCREMENT, REINVESTMENT ZONES IN CONNECTION WITH THE PROJECTS, AND THAT WOULD BE SOMETHING THAT WE WOULD BE INTERESTED IN DOING
[01:30:01]
FOR A NUMBER OF REASONS.AND SO THAT WOULD BE A METHOD BY WHICH YOU WOULD BE ABLE TO RECOUP SOME OF YOUR INFRASTRUCTURE COSTS.
SO MY WHOLE PRACTICE, UM, I WENT TO THE UNIVERSITY OF TEXAS AT AUSTIN, BUT MY OLD PRACTICE PIECE WE ADD INTO THE FLINT TEAM IS DOING PUBLIC PRIVATE PARTNERSHIPS.
AND, UM, EVERY JURISDICTION WE'RE IN ACROSS THE NATION.
SO SOMETIMES THAT'S TAX ABATEMENT, SOMETIMES THAT'S TIPS SOMETIMES THAT MUNICIPAL UTILITY DISTRICTS, SOMETIMES THAT'S, IRPS LIKE WE HAVE LOOKED AND USED EVERY TYPE OF TOOL ACROSS THE COUNTRY IN JURISDICTIONS THAT BURNS AND MAC AND OTHERS HAVE GONE INTO.
SO, UM, WHAT WE NEED TO DO, WHAT THE KEY FOR US IS JUST BEING COMPETITIVE WITH OTHER SPECULATIVE DEVELOPMENTS IN THE MARKET.
SO IF THEY HAVE TAX ABATEMENT, WE NEED TO HAVE TAX ABATEMENT, JUST SO THAT WE'RE NOT AT A COMPETITIVE DISADVANTAGE WITH THAT AS WE GO OUT TO LEASE AND BRING VELOCITY TO THE SITE.
UM, BUT THAT'S NOT THE STANDARD IN THE MARKET.
AND WE CAN GO AND INSTEAD HARVEST SOME KIND OF TAX INCREMENT FINANCING DISTRICT OR OTHERWISE TO PAY FOR THE INFRASTRUCTURE OF THE SITE THAT BENEFITS ALL OF US AND IS ABSOLUTELY SOMETHING WE WOULD WORK WITH THE CITY OF HONDO AND THE EDC ON, UH, TO EFFECTUATE.
AND SINCE BOTH OF MY KIDS WENT TO A AND M SO I'M SORRY, YOU WENT TO UT, BUT THAT'S OKAY.
GOING TO SAY WE REALLY LIKE TALKING TO YOU.
YOU GOT, SO YOU SAID YOU'RE FROM UT I'M A TEXAS TECH RED RAIDER.
SO THAT JUST KIND OF BLEW IT OUT OF THE, FOR BOTH OF THE SCHOOLS, HAVE A FOOTBALL TEAM PUT ON THE FIELD.
ANY OTHER QUESTIONS? ANYTHING ELSE, GENTLEMEN, IF NOT, LET ME KIND OF TELL YOU THAT, UH, WE ARE, UH, STILL ENTERTAINED SOME OF THE DEVELOPERS THAT WE'VE BEEN IN CONVERSATION WITH.
SO WE'RE HOPING TO BE ABLE TO MAKE THE DECISION I SAY FAIRLY SOON, BUT YOU KNOW, WE'RE GOVERNMENT.
SO FAIRLY SOON FOR US COULD STILL BE A MONTH AND, UH, WE'LL BE ABLE TO REACH BACK OUT TO YOU.
YOU CAN STILL CAN STAY IN CONTACT WITH BOB AND BOB CAN KINDA KEEP YOU IN THE LOOP AND LET YOU KNOW WHAT'S GOING ON, BUT I APPRECIATE YOUR TIME.
AND YEAH, IF YOU'VE GOT THAT INFORMATION THAT YOU SAID YOU COULD SEND TO US, THE PRESENTATION, WE'D LOVE TO HAVE IT, JUST SEND IT TO BOB.
WE'LL MAKE SURE THAT WE GET OUT TO ALL THE BOARD MEMBERS SO THEY CAN TAKE A LOOK AT IT.
WELL, THANKS FOR YOUR TIME TO SEE ME.
UH, WE'RE REALLY EXCITED ABOUT THIS OPPORTUNITY.
SORRY FOR THE TECHNICAL DIFFICULTIES AND NOT BEING THERE IN PERSON LIKE WE INTENDED.
THAT'S OUR LAST PRESENTATION FOR THAT, BOB.
HOW'S EVERYBODY DOING? AND WE WANT TO PLUG ON IN, INTO THE AGENDA.
UM, WHAT DO WE WITH THE AGENDA? WE'RE GOING TO EXECUTIVE SESSION AFTERWARDS.
LET'S GO ON TO AGENDA ITEM SIX POINT, I'M SORRY.
YOU RECEIVE THE MINUTES AND THE MONTHLY, UH, FINANCIAL UPDATES.
IF YOU HAVE ANY QUESTIONS OR JUST EMOTION WOULD BE IN ORDER MS. SHERMAN, I'LL MAKE A MOTION TO APPROVE THE CONSENT AGENDA ITEMS AS WRITTEN.
ANY OTHER DISCUSSION ROLL CALL PLEASE.
BOARD MEMBER CHENEY, KIMBA BOARD MEMBER RANDALL CLARK BOARD MEMBER, MIKE SNYDER, BOARD MEMBERS, SEAN LUCAS AND CHAIRMAN MIKE HARRIS MINUTES.
MOTION CARRIES 5 0 2 ON TO AGENDA ITEM 71, DISCUSSING SET, AUTHORIZING THE CHAIR TO EXECUTE TEMPORARY AND PERMANENT EASEMENTS ON THE MEGASITE PROPERTY IN LOCATIONS, WHICH MAY NOT IMPEDE THE DEVELOPMENT AND SUPPORT OF THE CITY'S HIGHWAY 79 WATERLINE PROJECT AND FUTURE WASTEWATER PROJECTS BRING IN WATER UTILITIES TO AND THROUGH THE SITE.
UH, WE WERE CONTACTED BY THE LEGAL COUNSEL FOR THE CITY ATTORNEYS ARE FOR THE CITY OF HADOW, UH, IN THAT THEY HAVE SOME FUTURE ANTICIPATED WATER AND WASTEWATER PROJECTS THAT THERE ARE UNDER DESIGN AND, UH, INDICATED A NEED FOR TEMPORARY AND PERMANENT, UH, EASEMENTS IN ORDER TO BE ABLE TO, UH, BRING THE WATER AND WASTEWATER TO THIS FACILITY, AS WELL AS TO OTHERS.
UM, THE, UH, OR BOTH THE CUTMAN DEVELOPMENT CORPORATION, UH, HAS ALSO HAD MET THAT REQUEST WITH REGARD TO PROPERTY.
IT OWNS, UM, IT'S TAKEN THE POSITION, UM, AS A INSTRUMENTALITY OF THE CITY, UH, TO, UH, UH, OFFER THIS ISSUE WITHOUT COST AND THAT IT ACTUALLY CREATES AN ENTITLEMENT
[01:35:01]
AND THE PROPERTY WILL ONLY INCREASE THE PROPERTY VALUE OF THE PROPERTY YOU OWN.AND WE'LL, UH, BETTER, BETTER EXPEDITE THE WATER AND WASTEWATER INFRASTRUCTURE PROJECTS THAT THE CITY, ANY QUESTIONS FOR GEORGE MOTION TO BE IN ORDER.
UM, I MAKE A MOTION THAT WE ACCEPT AGENDA ITEM 7.1 HAS PRESENTED.
WE HAVE A MOTION BY A BOARD MEMBER.
CLARK, SECOND, SECOND, ONE BALLROOM TO LUCAS.
ANY FURTHER DISCUSSION ROLL CALL PLEASE.
AND BOARD MEMBER, SEAN LUCAS, BOARD MEMBER, MIKE SNYDER, BOARD MEMBER CHENEY, GAMBOA BOARD MEMBER RANDALL CLERK, CHAIRMAN MIKE HARRISON, MENDEZ MOTION CARRIES 5 0 7 TO DISCUSS AND CONSIDER ACTION TO CREATE IN FRONT OF A FULL-TIME EXECUTIVE DIRECTOR POSITION AND WORK WITH THE CITY TO TRANSITION CITY EMPLOYED ECONOMIC DEVELOPMENT, EXECUTIVE DIRECTOR TO THE CORPORATION AND CLEAN ESTABLISHING JOB DUTIES TO REPRESENT THE CITY AND ECONOMIC DEVELOPMENT MATTERS.
UH, THE BOARD WAS, I APOLOGIZE FOR NOT BEING HERE FOR THE LAST MEETING.
UH, I HAD THIS PUT ON THE AGENDA, ACTUALLY THIS ITEM IN 73, I WANT TO BE ABLE TO BEGIN TO START MAKING A MOVE IN MOVING OUR ECONOMIC DEVELOPMENT DIRECTOR BACK UNDER THE EDC CORPORATION.
UH, CURRENTLY AS YOU KNOW, HE IS ACTUALLY HIRED BY THE CITY MANAGER.
WE PAY A PORTION OF HIS SALARY TO THE CITY, BUT, UH, AND HE DOES ATTAIN STILL ALL THE BENEFITS THROUGH THE CITY.
UH, WHAT I'D LIKE TO DO IS TO, UM, HAVE THAT DISCUSSION WITH THIS BOARD AND THEN BEGIN TO START HAVING DISCUSSIONS WITH THE COUNCIL AND MAKE A PRESENTATION TO THE COUNCIL ABOUT, UH, MOVING IN THAT DIRECTION AND BRINGING THEM BACK UNDER.
I THINK THAT WHAT I'M LOOKING AT IS, UM, CURRENTLY WE, I THINK WE'RE IN A GREAT SITUATION.
I CAN TELL YOU THAT, UH, I'VE HAD AN OPPORTUNITY TO MEET WITH OUR CITY MANAGER, ISAAC TURNER, WHO'S OUT IN THE AUDIENCE.
AND I THINK THAT WE'RE IN A GREAT, GREAT POSITION BECAUSE HE, ALONG WITH BABA WORKING VERY WELL TOGETHER AND THAT'S A POSITIVE AND A PLUS, BUT AS WE KNOW, HE'S AN INTERIM CITY MANAGER AND WE DON'T KNOW WHAT THE NEXT CITY MANAGER WILL BRING.
UM, I'M OVER THE, OF THE OPINION THAT, UM, BOB CAN'T SERVE TWO MASTERS IN THIS TICKER CASE, HE ANSWERED TO THE CITY MANAGER, BUT HE'S DIRECTED BY THE BOARD AT ANY POINT IN TIME WHERE THERE BECOMES A CONFLICT THAT COULD ARISE THAT PLACES ARE, UH, ECONOMIC DOME DIRECTOR AND KIND OF A PRECARIOUS POSITION OF TRYING TO FIGURE OUT EXACTLY WHICH DIRECTION TO GO.
SO THE, THE, UM, I'M NOT SURE ABOUT THE HISTORY AND NOT THAT I WANT TO KNOW THE HISTORY, BUT, UH, HE WAS PLACED UNDER THE, UH, CITY MANAGER A FEW YEARS AGO, UH, BECAUSE OF SITUATIONS IN THINGS THAT TOOK PLACE BETWEEN THE BOARD AT THAT TIME AND THE ECONOMIC DEVELOPMENT DIRECTOR AT THAT TIME.
AND SO THAT WAS THE REASON THAT, UH, THIS COUNCIL CHOSE TO MOVE HIM BACK UNDER THE CITY OR MOVING TO THE CITY MANAGER.
I THINK THAT WE HAVE A VERY STABLE BOARD.
I THINK WE HAVE A VERY COMPETENT BOARD.
I THINK WE HAVE A VERY DIVERSE AND QUALIFIED BOARD.
AND ALONG WITH THAT, I THINK WE'VE DONE A REALLY GOOD JOB OF PROMOTING THE CITY AND MOVING IT FORWARD.
AND WITH THAT, WE HAVE AN EDC DIRECTOR THAT, UH, HAS BEEN ESTABLISHED IN THIS BUSINESS FOR YEARS, NOT ONLY WITH THE CITY MANAGEMENT, BUT ALSO WITH OTHER PRIVATE ENTITIES THAT HE WORKED WITH IN DOING THESE TYPES OF DEALS.
SO I THINK HE BRINGS FORTH THE EXPERIENCE THAT WE NEED, UH, TO DO THAT.
SO WHILE I UNDERSTAND THE CONCERNS THAT THAT HAPPENED PREVIOUSLY, MY CONCERN NOW IS TO ENSURING THAT WE CAN CONTINUE TO MOVE THIS FORWARD AND HAVE THE BOARD WORK DIRECTLY WITH THE EDC DIRECTOR AND HAVE THEM ANSWER TO THIS BOARD SO THAT WE KNOW EXACTLY THE DIRECTION THAT WE'RE STEERING THIS SHIP AND WORKING IN CONJUNCTION WITH THE CITY AT ALL TIMES.
UH, I CAN TELL YOU THAT, UH, IN THE CONVERSATION THAT I HAD WITH THE CITY MANAGER, I STATED TO HIM THAT I WOULD ENSURE AND, UH, COMMIT AND PLEDGE TO HAVE OUR, UH, EDC DIRECTOR, BOB CONTINUE TO WORK WITH THE CITY.
AND THAT WOULD NEVER CHANGE BECAUSE WE CAN'T DO THIS WITHOUT THE HELP OF THE CITY OF HUDDLE.
SO WE HAVE TO WORK LOCK STEP TOGETHER AND DO THIS.
SO, UH, I BROUGHT THIS DOWN BEFORE THE BOARD TO BE ABLE TO HAVE THIS DISCUSSION AND ALLOW ME TO BE ABLE TO MOVE TO THE COUNCIL AND, UH, MAKE A PRESENTATION TO THE COUNCIL FOR THEIR CONSIDERATION OF MOVING.
UM, BOB BACK UNDER THE EDC, WE WOULD TAKE FULL RESPONSIBILITY OF HIS SALARY, UH, AND STILL WORK OUT AN AGREEMENT THAT HE WOULD AT THE EDC DIRECTOR WOULD ALWAYS BE ABLE TO HAVE THE BENEFITS THROUGH CMRS AND THROUGH THE CITY BENEFITS.
AND THAT WOULD NEVER CHANGE THROUGH AN AGREEMENT THAT WE HAVE WITH THEM THAT WOULD OPEN UP FOR ANY FURTHER DISCUSSION.
SO HOW WELL WOULD IT HAVE ANY IMPACT IN WHAT KIND, IF HE MOVES UNDER THE EDC, WE'RE CURRENTLY UTILIZING CITY RESOURCES FOR COMMUNICATION AND MARKETING AND THINGS LIKE THAT.
[01:40:01]
OF MAKING THAT SEPARATION, WHAT IMPACT DOES THAT HAVE TO THOSE RESOURCES AT THE CITY AND WHAT COULD, AS FAR AS FEEDBACK, WHAT I WOULD WANT IS FOR US TO CONTINUE TO, UM, UH, WORK WITH THE CITY AND HAVE OUR CITY SERVICES AGREEMENT IN PLACE FOR THOSE THINGS SUCH AS IT MARKETING THOSE THINGS ARE STILL TAKING PLACE.UH, WHILE I KNOW THAT, UH, THE, THE CITY OF HUDDLE TEAM IS ABLE TO DO THAT, UM, I WOULDN'T LOOK AT TRYING TO DISTURB THAT WHATSOEVER.
I'M JUST TALKING ABOUT TAKING THAT COMPONENT, PULL IT BACK UNDER, BUT WE'D STILL HAVE A CITY SERVICE AGREEMENT WITH THE, WITH THE CITY OF HADOW.
UH, AND IT WOULD KEEP THAT IN PLACE.
AND WE HAVE A SH STAFFING SHARING AGREEMENT.
CURRENTLY WE'D MAKE AN ALLOCATION OF FUNDS EACH YEAR TOWARDS THE CITY FOR, UH, OUR USE OF, YOU KNOW, FINANCE AND LAND USE AND ALL OF THE OTHER PROVISIONS.
AND IT WOULD JUST MODIFY THAT SLIGHTLY IN THAT, UM, THE, UH, ALLOCATION OF FUNDS FOR THE EXECUTIVE DRAFTER WOULD NO LONGER BE ALLOCATED THAT WAY.
AND WE WOULD LOOK TO EVALUATE SOME CREDIT ASSOCIATED WITH THE WORK THAT WE WOULD DO WITH THREE 80 AGREEMENTS AND OTHER TAX INCENTIVE TYPE OF PROJECTS THAT BUILD DEVELOPMENT.
AND ARE WE DISCUSSING 72 AND 73 IN CONJUNCTION, OR WE ONLY ON SEVEN, TWO I'M 72 RIGHT NOW I CAN PROBABLY OPEN UP SEVEN, THREE.
WE CAN HAVE A DISCUSSION ALL JOIN TOGETHER.
SO LET ME GO AND DO THAT THEN, BECAUSE IT DOES LEAD TOGETHER.
LET'S GO IN AND OPEN UP A SEPARATE THREE DISCUSSING CONSIDERATION TO APPROVE A PROPOSED JOB DESCRIPTION.
OH, EDC SPECIALISTS EMPLOYED BY THE CORPORATION TO GRATE AND FUND A POSITION.
SO QUESTION FOR THAT IS THAT THEN THAT POSITION WOULD ALSO BE UNDER THE EDC.
SO WE'RE LOOKING AT TAKING ON TWO SALARIES TO SALARIES.
I CAN TELL YOU THE DISCUSSION THAT I HAD WITH THE CITY MANAGER, UH, AND HE MAY HAVE FURTHER, UH, DISCO OR FURTHER COMMENTS ON THIS, BUT IT'S HIS BELIEF THAT WE ACTUALLY NEED TWO PEOPLE TO HELP THE WORST.
THAT'S HOW BUSY BOB IS RIGHT NOW THAT IN ORDER FOR US TO, TO DO THIS PROPERLY, THAT WE NEED TWO PEOPLE UNDER TWO PEOPLE, ADDITION TO BOB UNDER THE EDC.
SO, UM, THAT WOULD BE A TOTAL OF THREE, BUT RIGHT NOW WHAT WE REQUESTED EDC SPECIALIST, I THINK MAYBE ONCE AFTER WE DO AN ANALYSIS OF WHERE WE'RE AT AND WHAT WE'RE LOOKING AT, UM, THEN EVALUATE THAT WE COULD POTENTIALLY LOOK AT THAT ALSO, GEORGE, ANY, ANY ISSUES OR CONCERNS WITH HAVING, UH, JUST TWO EMPLOYEES AT OUR ENTITY.
LIKE JUST THE NUMBER OF PEOPLE WORKING, I MEAN, IS THAT I THOUGHT THAT WAS A CONCERN BEFORE THAT WE HAD TO PUT IT BACK ONTO THE CITY AND THE, I MEAN, THE, FROM AN INSURANCE PERSPECTIVE, NOT, NOT COST OF INSURANCE, I CAN GET THAT WE SHARE, OR THEY CAN BUY INTO THE PROGRAM WITH THE CITY OF HIDALGO, BUT RIGHT THERE JUST TWO EMPLOYEES, ANY CONCERNS WITH THAT? YEAH.
THERE'S A STATE LAW THAT SAYS THAT ECONOMIC DEVELOPMENT CORPORATION EMPLOYEES CAN BASICALLY BACK, YOU KNOW, LIKE, UM, BACKPACK ON TOP OF THE SIDNEY FOR ALL THOSE BENEFITS.
UM, ACTUALLY THAT'S SOMETHING THAT THE CITY TO DO OR NOT DO.
UM, SO WE WOULD HAVE AN EXPECTATION THAT IN THE PAST, THAT WAS THE WAY IT WOULD.
SO IT WOULD BE CONTINUED THAT WAY.
UM, WITH REGARDS TO THE CORPORATION ITSELF, WE WOULD NEED TO, UH, FORMALIZE A BASIC POLICY AND PROCEDURES FOR EMPLOYEES HAVE A MECHANISM BY WHICH TO DEAL WITH COMPLAINTS FOR CONFLICTS IN THE ORGANIZATION.
AND, UM, THAT WOULD ULTIMATELY CREATE, UM, ISSUES THAT THE BOARD WOULD HAVE TO ULTIMATELY BE THE FINAL DECISION MAKER ON.
UM, BUT OTHER THAN THOSE, I MEAN, IT'S, IT'S ONE OF THOSE, YOU KNOW, I, YOU KNOW, THE, UH, UM, DO YOU KNOW HOW TO, YOU KNOW, TO STOP A FIGHT, YOU JUST TAKE IT AWAY FROM BOTH THE CHILDREN AND THEN THEY DON'T HAVE A FIGHT OVER IT.
UH, BUT THE, UH, AND SO I'VE WORKED VERY WELL WITH, YOU KNOW, UH, UH, A SMALL, UH, UM, CADRAY OF STAFF AND ECONOMIC DEVELOPMENT CORPORATIONS, ABAS, AND, UH, AND I, I WOULDN'T EXPECT ANYTHING DIFFERENT HERE, ESPECIALLY IN LIGHT WITH, I, I THINK BOB AND I HAVE A VERY GOOD RELATIONSHIP NOW, UM, WORKING IN TEAM AND IN TANDEM.
AND I WOULD JUST HIGHLY ENCOURAGE BOBBIN AND THE CHAIR TO KIND OF JUST LOOK THROUGH OUR SERVICING AGREEMENTS AND SEE IF THERE'S ANYTHING THAT WE CAN PULL BACK.
AND IT MAKES MORE SENSE FOR BOB TO CONTROL THAN NECESSARILY THE CITY AND, YOU KNOW, LOOK AT THOSE EXPENSES AND TRY TO REDUCE SOME OF THAT COSTS AND BRING IT BACK INTO OUR EDC BUDGET.
BUT YEAH, I CAN TELL YOU THAT.
AND I'M GLAD THAT YOU BROUGHT THAT UP BECAUSE I WANT THE BOARD TO KNOW IS THAT THIS IS NOT A FOREIGN CONCEPT OR CONVERSATION WITH BOB BOB.
AND I'VE HAD THIS CONVERSATION NOW FOR, UH, FOR A FEW MONTHS NOW, UH, IN THE POSSIBILITY TO DO THAT, WE HAD TO FIND THE RIGHT TIME.
I THOUGHT JANUARY'S GOING TO BE THAT TIME, BUT OF COURSE I WASN'T HERE.
SO, UH, WE PUSHED IT OFF TO THIS MONTH, BUT, UH, BUT I WAS VERY FAMILIAR WITH IT, UH, FROM MY UNDERSTANDING, I DON'T THINK HE WOULD, UH, SAY NO TO IT.
UH, HE JUST, UH, ALSO BELIEVES THAT THIS IS A, UH, THE BEST MOVE FORWARD.
I CAN TELL YOU IN THE, UH, TIME THAT I'VE BEEN IN CITY GOVERNMENT
[01:45:01]
IS THIS IS NOT UNHEARD OF FOR THE EDC DIRECTOR BE UNDER CITY MANAGER.IT, IT IS KIND OF FOREIGN FOR ME NOT TO HAVE THE EDC DIRECTOR UNDER THE EDC.
IT'S A FOREIGN CONCEPT, BUT IT'S NOT UNHEARD OF IN MUNICIPAL GOVERNMENT, BUT I JUST, UM, I, UH, WOULD WANT TO BRING IT BACK IN AND JUST TO MAKE SURE THAT WE DO CONTROL EVERYTHING IS TAKING PLACE IN ECONOMIC, DO A LUMP LAYER.
OR IF YOU HAVE YOUR HAND UP TO SPEAK, OR YOU JUST HAD YOUR HAND UP, I, I DO GOT A COUPLE OF THINGS.
SO I'VE ALWAYS BEEN A BIG PROPONENT OF THE EDC DO AN ECONOMIC DEVELOPMENT.
I THINK ONE OF THE PROBLEMS WE HAD BEFORE AS A CITY TOOK ON SOMETHING THAT CITY IS NOT NECESSARILY ABLE TO HANDLE, WHICH IS ECONOMIC DEVELOPMENT.
AND THEN THEY, IT SEEMED LIKE THE CITY WAS PUSHING THE EDC TO DO THINGS A CERTAIN WAY AND OTHER GROUPS.
AND SO I THINK THE MOST SUCCESSFUL CITIES, THOSE CITIES CONCENTRATE ON THE CORE SERVICES, EDC CONCENTRATES ON ECONOMIC DEVELOPMENT AND SO ON.
SO I LIKE IT FROM THAT PERSPECTIVE.
ONE OF THINGS I'VE NOTICED WITH OUR CITY MANAGER, INTERIM CITY MANAGER, IS LIKE WHEN WE'RE HAVING MEETINGS, HE'S NOT IN THE MEETINGS TELLING US HOW IT'S ALL GOING TO GO DOWN.
IT'S BOB MAKING THE QUESTIONS, BOB ASKING THE QUESTION.
SO THERE'S A LOT OF SUCCESS THERE.
THE TWO THINGS THAT I THINK WE'VE ALSO GOT TO FIGURE OUT IS WHAT PROBLEM IS THIS SOLVING? AND SO IF WE DO MOVE THE POSITION BACK, THEN WE'VE GOT TO BE DOING THAT FOR A REASON.
AND SO WHAT ARE WE SOLVING? BECAUSE I THINK THERE'S ALWAYS A POSSIBILITY.
ONE OF THE THINGS I TALKED TO MIKE ABOUT THE CHAIRMAN MONTHS AGO WAS THAT ONE OF THE REASONS THE POSITION HAPPENED THE WAY IT HAPPENED WAS BECAUSE AT THE TIME WE HAD A BOARD, UM, THAT MAYBE WASN'T, UM, AS SOPHISTICATED AS IT IS NOW.
AND WE HAD A DIRECTOR THAT MAYBE WASN'T AS SOPHISTICATED AS IT IS NOW.
AND SO RIGHT NOW EVERYTHING'S CLICKING, BUT IF BOB LEAVES A NEW PERSON COMES IN, WE HAVE TO MAKE SURE AS A BOARD, WE HAVE SOME KIND OF WAY TO MANAGE TWO OR THREE OR FOUR EMPLOYEES OR WHATEVER IT IS BECAUSE WE ALL GOT FULL-TIME JOBS.
AND SO SOMEHOW SOMEONE'S GOT TO BE ABLE TO MANAGE THIS.
SO THAT IS A BENEFIT ALMOST IN SOME ASPECTS.
AND MAYBE THAT'S DONE THROUGH THE SERVICES AGREEMENT, BUT FROM AN HR STANDPOINT AND THINGS LIKE THAT, YOU KNOW, IF, IF THE DIRECTOR HAS A COMPLAINT FROM AN EMPLOYEE, I MEAN, ARE WE EQUIPPED TO HANDLE THAT? AND MAYBE WE CAN UTILIZE THE CITY FOR SOME OF THESE SERVICES.
SO I THINK IF WE WORK THROUGH ALL THAT, FIGURE OUT WHAT EXACTLY WE'RE SOLVING, BECAUSE WHATEVER WE'RE SOLVING, THERE'S ALWAYS THAT UNINTENDED CONSEQUENCE LATER ON OF THE BOARD CHANGES UP IN THREE YEARS.
AND BOB STILL HERE, AND WE DON'T WANT BOB GOING BACK AND FORTH BETWEEN ENTITIES.
EVERY TIME WE GET, WE GET GOOD LEADERSHIP AND THEN WE DON'T HAVE GOOD LEADERSHIP.
SO THERE'S SOME THINGS THAT, UM, WHEN THE CHAIRMAN I TALKED THAT I SAID, HEY, I DON'T SEE A PROBLEM WITH IT ALL, AS LONG AS WE FIGURE OUT SOME OF THE LOGISTICS, UM, BUT THINGS ARE CLICKING NOW, PRETTY GOOD CHENEY RIGHT BEFORE YOU CAME ON.
AND IT WAS ONE OF THE FIRST ONES I WAS ON WAS WE HAD THE OTHER WAY WHERE WE HAD A SPECIALIST UNDER A BOARD, AND WE HAD A THING WE HAD NO WAY JUST AS THE MAYOR WAS SUGGESTING OF WHAT THEIR DAY-TO-DAY JOB ROLE WAS DOING EVEN, AND WE'RE PAYING THE SALARY.
AND WE HAD NO, BECAUSE WE ONLY MEET MONTHLY.
SO I DO WONDER IN THAT REGARD, UM, NOW BOB'S HERE EVERY DAY.
BUT IF WE, IF WE GOT AWAY FROM THAT, THAT IS THE ONLY CONCERN IS, DO WE MAKE A CHANGE BECAUSE WE HAVE OB OR DO WE JUST KEEP A PROCESS IN PLACE THAT WORKS BETTER INDEPENDENT OF BOB? BUT THAT'S MY ONLY MY THOUGHT, JUST BECAUSE WE LITERALLY EIGHT MONTHS AGO HAD THIS EXACT PROBLEM.
AND MOST OF THIS BOARD WAS HERE AND WE CORRECTED IT AND MOVED IT THERE FOR A REASON.
I GUESS THAT WAS GOING TO BE MY QUESTION.
YOU GUYS ARE KIND OF ALLUDING TO IT IS DRAMA AND WHATEVER ASIDE, WHAT WAS THE PROBLEM WITH THE PREVIOUS STRUCTURE? WHY DID WE GO TO THIS STRUCTURE? AND THEN WHAT'S KIND OF WHAT ARE THE PROS AND CONS OF TEACH? AND I CAN TELL YOU THAT I DON'T THINK THERE'S ANYONE ON THE BOARD THAT WAS HERE AT THAT TIME WHEN IT WAS MOVED OVER.
UM, BUT MOVED TO THIS WAY OR MOVE TO THE, WHEN, WHEN THE ECONOMIC DIRECTOR WAS MOVED TO THE CITY, AN ANSWER TO THE CITY MANAGER IN JUNE, I WAS THERE FIVE MONTHS AGO.
I THINK THEY'RE TALKING ABOUT THE ONE THAT WE AS A BODY JUST RECENTLY, FIVE MINUTES AGO, WE HAD, WE HAD A SPECIALIST, WHICH IS BASICALLY THE, THE BUSINESS RETENTION SPECIALIST, RIGHT.
THAT WAS ZERO FUNDED BEGINNING OCTOBER ONE.
AT THAT POINT IN TIME, WE HAD BOB ANSWERED TO THE CITY MANAGER HIRE BY THE CITY MANAGER, CAUSE THAT WAS ALREADY IN PLACE WHEN WE CAME ON.
SO AS YOU AND I WERE ON THE BOARD AND WE'RE ACTUALLY ON THE INTERVIEW PANEL AND THE CITY MANAGER MADE THAT DECISION, IT WASN'T THE BOARD, IT WAS THE CITY MANAGER.
[01:50:01]
A BUSINESS RETENTION SPECIALIST THAT WAS WITH US AND THE WAY IT WAS STRUCTURED, THE POSITION HAD TO HAVE A RESOLUTION, AN ORDINANCE.I'M NOT A RESOLUTION THAT SAID, WE WANT BOB NOW TO BE ABLE TO ADMINISTER THE DAY-TO-DAY OPERATIONS FOR THE EDC, WHICH INCLUDED THE BUSINESS RETENTION SPECIALIST.
SO WE ACTUALLY HAD A PASS, SOMETHING ON A THAT DID THAT.
SO THIS IS MORE OF AN OVERSIGHT AND ORGANIZATIONAL STRUCTURE ISSUE THAT WE'RE TRYING TO STREAMLINE.
SO, AND I APOLOGIZE FOR THOSE THAT HAVEN'T MET, UM, OUR CITY MANAGER, INTERIM CITY MANAGER, ISAAC TURNER'S HERE, AND HE AND I HAVE HAD A CONVERSATION ABOUT THIS.
UM, AND SO I, I WANT HIM THE OPPORTUNITY TO BE ABLE TO SPEAK, UH, AND ON KIND OF SOME OF THE ISSUES THAT WE'VE DISCUSSED.
SO I'LL GO AHEAD AND TURN IT OVER TO HIM.
CHAIRMAN HARRISON AND THE CDC.
THANK YOU FOR THIS OPPORTUNITY TO VISIT WITH YOU.
LET ME SAY THAT, UH, OUR CONVERSATION, MY CONVERSATION WITH THE CHAIR WAS PHENOMENAL.
UH, WE SEE EYE TO EYE ON 90% OF THINGS.
UM, JUST FOR YOU TO KNOW, I'M LOOKING AT MYSELF AS YOUR CITY MANAGER, I AM NOT GOING TO STAY PERMANENTLY, BUT IN ORDER FOR ME TO DO MY JOB EFFECTIVELY AND MAKE A CHANGE, THE PROPER CHANGES WHILE I'M HERE, THAT THIS COUNCIL IS ASKING OF ME, I'M PRETENDING AS THOUGH I'M GOING TO BE YOUR CITY MANAGER, I'M TRYING TO SET THINGS IN PLACE LEVEL, THE FIELD, MAKE THINGS SMOOTH AS I'M GOING TO BE HERE.
UH, BOB HAS BEEN PHENOMENAL TO WORK WITH.
HE HAS BEEN ABSOLUTELY GREAT TO WORK WITH.
I AM NOT AN ECONOMIC DEVELOPMENT SPECIALIST PER SE.
I DON'T WANT TO BE AN ECONOMIC DEVELOPMENT DIRECTOR WHEN I GROW UP AND I DON'T WANT TO MICROMANAGE HIS AREA.
I THINK BOB CAN ATTEST TO THAT.
AND I WON'T EVEN LOOK AT HIM TO TELL YOU THAT I KNOW HE CAN ATTEST THAT YOU'RE A CHAIRPERSON.
HIS CITY MANAGEMENT EXPERIENCE HAS BEEN PHENOMENAL TO DEAL WITH SOME VERY, VERY GOOD CONVERSATIONS HUDDLE.
ONE OF THE THINGS I THINK THAT HUDDLE NEEDS IS TO KIND OF SETTLE DOWN AND TO AGAIN, CONTINUE TO DEMONSTRATE THAT HUDDLE KNOWS HOW TO HANDLE CITY.
BUSINESS HUDDLE KNOWS HOW TO HANDLE HIS ECONOMIC DEVELOPMENT BUSINESS HUDDLE KNOWS HOW TO HANDLE MANAGED GROWTH OR SUSTAINABLE GROWTH.
HOWEVER YOU WANT TO PHRASE THAT.
AND ONE OF THE THINGS THAT WE'RE TRYING TO DO IS STRENGTHEN THE CITY COUNCIL TEAM, AND WE'RE TRYING TO STRENGTHEN OUR ADMINISTRATIVE TEAM.
BOB IS A CRITICAL PART OF THAT.
UH, HE WILL TELL YOU OR SHOULD BE ABLE TO TELL YOU THAT A LOT OF THE DECISIONS THAT WE HAVE, I DON'T GET, UH, VERY MANY THINGS THAT HAPPEN TO MY, IN MY OFFICE.
AND IT'S AN EDICT COMING FROM ON HIGH.
AND I JUST GO OUT AND SAY, THOU SHALL DO THIS.
WE HAVE A LOT OF TEAM DISCUSSIONS, A LOT OF TEAM MEETINGS RIGHT NOW.
YOU HAVE SOME CRITICAL PROJECTS I CONSIDER CRITICAL BECAUSE THEY'RE, UM, VERY LARGE, UH, IN THIS, UH, MEGA AREA, AS WELL AS SOME OTHER AREAS.
AND WE'RE WORKING ON SOME TEAMS TO PUT SOME THINGS IN PLACE.
UH, THERE ARE A NUMBER OF THINGS IN HUDDLE WHERE WHEN WE OPEN UP A CLOSET, MORE SKELETONS TEND TO DROP OUT, FALL OUT.
IN ADDITION TO THE ONES THAT WE KNEW WERE ALREADY THERE, WE'RE HAVING A FEW OF THOSE.
AND SO, UH, I WOULD SUGGEST TO YOU, I STRONGLY SUGGEST TO YOU THAT IF YOU WANT TO CHANGE THE STRUCTURE, UM, YOU DO AS A MIRROR INDICATED, INDICATE WHAT PROBLEMS YOU'RE TRYING TO SOLVE.
IF YOU GET INTO A SITUATION WHERE YOU THINK YOU HAVE THE WRONG PEOPLE IN THE WRONG PLACE, WHETHER IT'S THIS BOARD, WHETHER IT'S IN MY POSITION, WHETHER IT'S IN BOB'S POSITION, THAT'S A LIFE SITUATION.
YOU WON'T BE ABLE TO, UH, ORGANIZATIONALLY GET PAST THAT.
YOU HAVE TO MAKE SOME CHANGES WITH THE INDIVIDUALS.
YOU HAVE TO SET THE EXPECTATIONS.
IF YOU WANT TO DO A PERFORMANCE IMPROVEMENT PROGRAM, YOU DO THAT.
BUT ULTIMATELY THERE HAS TO BE ACCOUNTABILITY, NO MATTER WHO THE PERSON REPORTS TO.
I THINK MOST OF US WOULD AGREE THAT THE RELATIONSHIP RIGHT NOW AS IT IS WITH THIS INTERIM CITY MANAGER AND, UH, BOB IS WORKING WELL.
I CLEARLY AGREE THAT YOU NEED TO HAVE SOMEBODY IN PLACE FOR SUCCESSION AND YOU SHOULDN'T HAVE A GAP IN THERE.
SO, AND BOB IS VERY BUSY AND PROBABLY COULD BE DOING A LOT MORE IF HE HAD SOMEBODY TO TAKE CARE OF SOME OF THE THINGS THAT OCCUR IN ECONOMIC DEVELOPMENT.
SO I ABSOLUTELY AGREE THAT NEEDS TO BE A SECOND PERSON, EVENTUALLY A THIRD PERSON.
I'M NOT SURE IF THAT'S NEEDED RIGHT NOW, BUT DEFINITELY A SECOND PERSON.
UM, I WILL SAY THIS, MY EAGLE'S NOT IN THIS, WHATEVER YOU ALL DECIDE.
AND I WILL SAY THE SAME THING TO COUNCIL, WHATEVER YOU DECIDE.
WE'LL ABSOLUTELY MAKE IT WORK.
WE'LL ABSOLUTELY MAKE IT WORK BECAUSE WE ALL WANT TO DO WHAT'S BEST FOR HUDDLE.
JUST LIKE YOU KNEW WE'RE IN THE SAME BOAT THERE.
UM, WE ARE SETTING SOME EXPECTATIONS, SETTING SOME TONE, UH, ESTABLISHING RELATIONSHIPS WITH THE ADMINISTRATION.
UH, WE'RE SUPPORTING BOB, BOB SUPPORTING US.
AND I'D LIKE TO HAVE AN OPPORTUNITY TO WORK WITH THAT FOR THE NEXT SEVERAL MONTHS.
UH, THERE WILL BE AN OPPORTUNITY.
I THEN THINK FOR YOU ALL TO GO THROUGH THE BUDGET PROCESS, A NEW MANAGER WILL BE IN PLACE AND NOT TOO LONG.
AND THEN WORK THAT SITUATION OUT THROUGH THE BUDGET PROCESS.
A NEW MANAGER WILL BE IN PLACE.
YOU'LL HAVE THE COUNCIL OBVIOUSLY, UH, UH, LOOKING TO WHERE, LOOKING TO WHERE TO PUT RESOURCES.
AND I THINK THAT WOULD BE A, UH, AN EXCELLENT
[01:55:01]
TIME TO DO THAT.UM, MR. CHAIR, I HAVE TO TAKE ONE STRONG, STRONG, STRONG EXCEPTION WITH YOU, YOU KNOW, AND I KNOW HAVING BEEN CITY MANAGERS, WE CAN SERVE MORE THAN TWO MASTERS.
AT ONE TIME, WE SERVE LOTS OF MASTERS, LITERALLY THERE'S UH, ABOUT 35 TO 40,000 PEOPLE WHO CAN DO THIS JOB THAT I'M DOING BETTER THAN I CAN IN THIS CITY, AS YOU KNOW, AND IN THE CITY, YOU KNOW, THAT'S HOW THAT GOES.
UH, AND I SAY THAT IN SMILING, BUT PART OF HIS JOB IS TO WORK WITH THIS BOARD AND THAT'LL BE WHETHER HE REPORTS TO A CITY MANAGER OR TO DIRECTLY TO THE BOARD, IT'S GOING TO BE, TO WORK WITH THIS BOARD.
PART OF HIS JOB WILL BE TO WORK WITH WHOMEVER'S IN THE CITY MANAGER POSITION.
THAT'S JUST, IT THAT'S JUST THE NATURE OF THE BEAST.
AND THEN HE HAS CLIENTS THAT HE HAS TO QUASI REPRESENT CLIENTS, WHO HE HAS QUASI, UH, SATISFY AND KEEP CONTENT AND, AND, AND KEEP MOVING AND PROJECTS THAT HE HAS TO KEEP MOVING.
SO, UH, HE'S GOING TO HAVE TO DO, AND HE IS DOING A LOT OF, UH, JUGGLING AND A LOT OF DIFFERENT TASKS.
UM, I THINK IT'S IMPORTANT THAT, UH, THAT THE CHANGE BE WELL THOUGHT OUT.
UH WELL-PREPARED UM, AND I UNDERSTAND WE LOOK BACK AT THE PAST TO MAKE SURE WE DON'T REPEAT THE MISTAKES, BUT I'M PUSHING AS HARD AS I CAN FOR US TO FOCUS ON THE FUTURE AND, AND GET TO THEM.
SO, UM, I WOULD APPRECIATE THE BOARD'S CONSIDERATION OF DELAYING THAT UNTIL LATER ON AND, AND EITHER WAY WE'LL MAKE IT HAPPEN.
UH, WE'LL MAKE IT WORK AND WE'LL MAKE IT WORK VERY WELL.
WE, WE, UH, ACTUALLY MET AND HE'S RIGHT.
WE, I WOULD SAY WE WOULD PROBABLY AGREE ON PROBABLY 95%, NOT JUST NADIA, AS I THINK I WOULD SAY 95%.
HE DID, UH, RELATE TO ME THAT HE WOULD, UH, AS HE DID TONIGHT, THAT HE WOULD ALSO TELL THE COUNCIL THAT HE WANTS TO WAIT UNTIL THE BUDGET PROCESS.
AND SO I RESPECT THE MAN FOR BEING VERY UPFRONT WITH ME AND TELLING ME EXACTLY WHAT HIS POSITION IS AND WHAT HE'S LOOKING FOR.
HE DOESN'T DENY THE FACT THAT IT NEEDS TO HAPPEN.
HE JUST SAYS IT DOESN'T NEED TO HAPPEN NOW.
SO, UM, I THINK AS FAR AS, AS FAR AS SERVING TWO MASTERS, I AGREE WITH YOU ONLY IN THE EXTENT THAT THERE'S NO SENSE IN SUBJECTING OTHER STAFF MEMBERS TO HAVING TO SERVE TWO MASTERS.
I THINK THAT IN A, IN A APPOINTED POSITION, SUCH AS YOURSELF IN SUCH AS MYSELF AND MY DAY JOB, WE DO SERVE MORE THAN ONE MASTER.
UH, BUT IN THIS PARTICULAR CASE, I DON'T THINK THAT WE NEED TO SUBJECT OTHERS TO, TO THAT.
AND I'M AFRAID THAT THAT'S WHAT WE'RE DOING BY PUTTING BOB IN THAT POSITION.
UM, AS FAR AS THE BUDGET'S CONCERN, UH, WHILE I UNDERSTAND YOUR POSITION AND TRYING TO GET THE TEAM GOING, WE'VE HAD TO THIS, AND I'M NOT SAYING ANYTHING THAT I HAVEN'T TOAD, TOAD, UH, ISAAC, I JUST WANT YOU TO KNOW FOR THE BOARD'S STANDPOINT, UM, WHAT I UNDERSTAND THE CONCEPT I WANT TO DO THAT I BELIEVE EITHER WAY WE HAVE TO MAKE THAT PAYMENT NO MATTER WHAT, WHETHER WE DO IT NOW, WHETHER WE DO IT THROUGH A REIMBURSEMENT TO THE CITY, WE'RE STILL HAVING TO OUTLAY THAT MONEY EITHER WAY.
I DON'T, IN MY OPINION, IT'S NOT A MATTER OF HAVING THE, UM, WAITING UNTIL THE BUDGET PROCESS, BECAUSE I THINK, I THINK WE'RE STILL PAYING IT NO MATTER WHAT I DID PLEDGE TO ISAAC, THAT WE WOULD MAKE HERE AND MYSELF, UH, THAT WE WOULD PLEDGE TO ENSURE THAT BOB WOULD CONTINUE TO WORK WITH THE CITY AND EVERY PART TO MAKE IT A PARTNERSHIP AS WE'RE DOING NOW, WHAT, WHAT I ENVISION IS THAT THEY WOULD SEE NO CHANGE ON A DAY TO DAY OPERATION.
IF BOB'S PUT UNDER US THAT HE WOULD CONTINUE TO BE THERE, CONTINUE TO BE IN THE MANAGEMENT MEETINGS, CONTINUE TO WORK WITH, WITH THE CITY STAFF, AS HE'S DOING NOW ON FEBRUARY 14TH, HE WOULD BE DOING THAT ON JULY 14TH AND THAT WOULDN'T CHANGE.
SO, UM, BUT I DO APPRECIATE THE FACT THAT, AND, AND, YOU KNOW, HE, WE, WE HAD A GREAT CONVERSATION.
WE'RE VERY OPEN AND HONEST, AND THAT'S WHAT I APPRECIATE ABOUT HIM.
VERY DIRECT, VERY DIPLOMATIC, VERY TACTFUL, UH, AND VERY UNDERSTANDING AND, UH, MY POSITION, WHAT I WAS WANTING TO DO.
AND VERY RESPECTFULLY, HE GAVE ME HIS POSITION ALSO.
SO I JUST WANT YOU TO KNOW, UH, MAYOR, I THINK WE'VE GOT A GREAT CITY MANAGER THAT YOU MANAGED TO FIND IS AN INTERIM CITY MANAGER.
SO I WOULD OPEN UP FOR THE FURTHER DISCUSSION COMMENTS QUESTIONS THAT INCLUDES THE EDC SPECIALIST, AS YOU'VE HEARD, UM, BOB NEEDS HELP AND JOB DESCRIPTION, OR, UH, IT'S IT'S AND BOBBY, AND CORRECT ME HERE.
IT'S MY UNDERSTANDING THAT A JOB DESCRIPTION WAS BEING CREATED DURING THE BUDGET PROCESS LAST YEAR IN OCTOBER, BUT IT WAS NEVER COMPLETED AND NEVER FINALIZED.
UH, SO WE WOULD PROBABLY WANT TO DEVELOP THAT IT'S NOT DIFFICULT TO FIND.
WE CAN GET SOMETHING IN ATC SPECIALIST IS, IS KIND OF A GENERALIST.
UM, THEY, THEY HAVE A BASIC UNDERSTANDING OF THE PROJECTS AND THEN THROUGH BOB'S DIRECTION, THEY WOULD BE ASSISTING HIM ON DIFFERENT PROJECTS AS NECESSARY.
UM, THE, UH, THE, THE W WITH REGARD TO THIS POSITION AND EMPLOYEES, IT IN MY
[02:00:01]
25 YEARS, I'VE SEEN IT IN AS A PENDULUM, IS THAT WHEN THERE IS THE APPEARANCE THAT THE, UM, YOU KNOW, FOR INSTANCE SAY THAT THIS BOARD SAID, I WANT TO, UM, EXPLORE CREATING A RAIL, A SPUR, AND THE CITY MANAGER WAS STRONGLY AGAINST THAT.AND BOB IS CALL HIS SUPERVISOR AS THE CITY MANAGER WHILE, SO THE CITY MANAGER SAYS, DON'T, DON'T WORRY ABOUT THAT.
WE NEED YOU TO WORRY ON THESE THINGS.
WELL, THAT'S HIS BOSS TELLING HIM WHAT TO DO, BUT THAT'S NOT WHAT THE BOARD TOLD THEM WHAT TO DO NOW, DO I EXPECT THAT THE CURRENT STAFF, NO CANDIDATE OCCUR IN THE FUTURE? YES.
YOU KNOW, UM, YOU KNOW, IN 2017, THE CHANGES THAT OCCURRED BASICALLY NOT ONLY HAD THAT POSITION, BUT ANY BOARD PROJECT HAD TO BE APPROVED BY THE CITY MANAGER UNDER YOUR BYLAWS.
SO I, I MEAN, YOU TALK ABOUT A SIGNIFICANT USURP OF POWER, UM, FROM A CITY MANAGER'S POINT OF VIEW.
UM, BUT IT GOES THE OTHER WAY AROUND IS THAT IF THE ECONOMIC DEVELOPMENT CORPORATION STARTS PERFORMING EXPENDITURES OF FUNDS AND SO FORTH, BECAUSE THE ECONOMIC DEVELOPMENT DIRECTOR ISN'T CLEARLY BEING, UH, PROPERLY SUPERVISED THEN, UM, AS I'VE SEEN IN OTHER CITIES, I'VE SEEN HUNDREDS OF THOUSANDS OF DOLLARS BE SPENT WITHOUT THE BOARD'S PERMISSION, UM, OR WITHOUT THE CITY COUNCIL'S PERMISSION ON A PROJECT.
UM, YOU KNOW, ONE HAD TO DO WITH LIKE DECIDING TO EXPLORE THE ACT AND, AND, AND ENGAGE IN A CONTRACT FOR $3 MILLION OF LAND THAT THE CITY COUNCIL HAD NOT APPROVED.
AND THEY HAD ALREADY PAID $2,000 IN AARON'S FUNDED MONIES.
UM, SO THE BAD THINGS CAN HAPPEN, BUT IT'S, IT, IT'S EITHER SIDE.
YOU HAVE TO MAKE SURE THAT YOU HAVE GOOD PEOPLE.
AND THEN GENERALLY IT SEEMS THAT IF THE, IF BOB IS IN A POSITION TO DO THE WILL OF THIS BOARD AS, AS OUR EXECUTIVE DIRECTOR, THEN IT WOULD LIKELY BE MORE, IT WOULD BE CLEANER IF HE WORKED FOR THE BOARD.
UM, BUT DOES IT HAVE TO BE THAT WAY? NO.
IF, IF BOB IS AS GOOD AND HIS SUPERVISORS ARE GOOD, THEY RECOGNIZE HIS JOB IS TO DO WITH THIS BOARD SAYS AND LETS THEM DO IT, THEN IT DOESN'T REALLY MATTER.
SO IT, IT REALLY MATTERS ON WHAT, YOU KNOW, WHAT, WHAT SIDE OF THE PENDULUM ARE YOU WANTING TO PROTECT ANY OTHER FURTHER QUESTIONS OR COMMENTS? I WAS SOMETHING THAT YOU WOULD GO BACK AND CREATE JOB DESCRIPTIONS, MAKE SURE JOB DESCRIPTION FOR BOTH THAT AND THE SPECIALIST ROLES KIND OF SALARY RANGE FOR THE CELL.
THERE'S A LOT OF THAT THAT'S FREELY AVAILABLE FOR THE INDUSTRY.
I MEAN AN EDC SPECIALIST, YOU KNOW, UH, ECONOMIC DEVELOPED CORPORATION DIRECTOR.
I MEAN, THOSE, THOSE ARE, YEAH, IT'S NOT DIFFICULT TO FIND.
AND I WOULD, I WOULD HOPE THAT THROUGH OUR CITY SERVICES AGREEMENT WOULD BE ABLE TO WORK WITH THE HR DEPARTMENT TO BE ABLE TO GET ALL THAT SOLIDIFIED AND PRESENT TO THE BOARD AND TO THE COUNCIL.
SO THEN DO WE PRESENT TO THE BOARD FIRST, GET APPROVED HERE, THEN GO BACK TO COUNCIL, GET APPROVED THROUGH THEM OR IS IT A COUNCIL? WELL, THE POSITION IS SOMETHING YOU AND YOU ALONE SELECT THE FUNDING OF THAT POSITION CAUSE INTO YOUR BUDGET AND HAS TO BE APPROVED BY THE CITY COUNCIL.
AND SO THAT'S HOW THEY AGREE OR DISAGREE WITH YOUR, WITH YOUR PERSONNEL SLOT.
SO MY THOUGHT PROCESS IS THAT IF WE COULD GET A CONSENSUS OR ACTION TONIGHT, THEN I WOULD WORK WITH THE MAYOR AND THE COUNCIL TO DO A PRESENTATION TO THE COUNCIL.
UH, AND IF THEY'RE AT LIBERTY TO VOTE THAT NIGHT, THAT'D BE GREAT.
I'D BE WILLING TO COME BACK THE NEXT NIGHT OR THE NEXT MEETING FOR THEM TO BE ABLE TO DO THAT.
UM, AND THEN IF WE HAD ACTION BY THE COUNCIL THAT SAID, YES, WE'RE OKAY WITH THIS.
THEN WE WOULD COME BACK AND WORK ON THE JOB DESCRIPTION AND GET THAT APPROVED THROUGH US AND TAKE THAT TO THE COUNCIL AND SAY, THIS IS WHAT THE BOARD HAS AGREED ON.
AND WORKING THROUGH THE HR DEPARTMENT FOR SALARY RANGES AND EVERYTHING FOR THE UC DIRECTOR AND THE SPECIALIST.
UM, AND I CAN TELL YOU, I'M GLAD THAT THAT GEORGE BROUGHT UP RIGHT NOW.
WE HAVE AN EXCELLENT RELATIONSHIP WITH THE CITY AND IT'S FOR THAT VERY REASON THAT I WANT TO MOVE BOB UNDERNEATH BECAUSE I'M NOT SURE EXACTLY WHAT THE FUTURE HOLDS AND IT COULD CONTINUE TO BE EXCAVATED AND THEN IT COULD NOT.
BUT I THINK BY MOVING THEM UNDER, WE AT LEAST GUARANTEE THAT WE KNOW THAT WE'RE GOING TO BE IN CONTROL OF THE EDC DIRECTOR AND THE DIRECTION THAT THE BOARD HOLDS.
I DON'T THINK I WOULD ASK HIM.
AND WE SEE THE COUNCIL IS THAT THEY CONTINUE TO APPOINT STRONG MEMBERS TO THE BOARD OF A VDC.
AND THEN IN THEORY, YOU NEVER GOING TO GET BOTH BROKEN AT THE SAME TIME.
HOPEFULLY NEITHER EVER GET BROKEN, BUT AT LEAST IF WE, THE DDC DIRECTOR UNDER US, WE KNOW THAT THE EDC BOARD CAN GO FORWARD AND BE SUCCESSFUL, WHICH LONG-TERM IS GOING TO HELP THE CITY.
AND I THINK FOR SEVEN, THREE, WE ALL KNOW THAT BOB NEEDS HELP.
SO I DON'T THINK THERE'S ANY QUESTION ABOUT THE POSITION ITSELF.
IT'S JUST A MATTER OF DETAILS.
[02:05:01]
GET ANY AND ALL OF IT READY FOR APPROVAL, SAY WE ROLL, LET'S GO.I WAS LIKE, YOU'RE MAKING A MOTION.
OH, AM I? YOU DIDN'T ANSWER QUESTION FOR YOU GUYS YOUR EMOTIONS.
SO I'M NOT READY TO MOVE BOB OVER TONIGHT.
AND HERE'S WHY I'M NOT REAL SURE LIKE WHO WHO'S GOING TO MANAGE.
AND LET'S, I DON'T LET ME PUT THIS WAY.
I DON'T HAVE A PROBLEM WITH ANY THE BOARD OR THE POSITION OR WHO'S IN IT RIGHT NOW.
SO I'M LOOKING AT THINGS LIKE FOUR YEARS FROM NOW OR FIVE YEARS FROM NOW.
SO WE STILL GOT TO FIGURE OUT, IS IT SEVEN DIFFERENT PEOPLE? IS HE NOW GOING TO GO FROM SERVING TWO MASTERS TO SERVE IN SEVEN TO WHERE ANY ONE OF US CAN SAY, HEY BOB, YOU SHOULD DO THIS.
SO WE'VE GOT TO FIGURE OUT WHO UP HERE IS GOING TO MANAGE THEM.
AND SAME WITH THE SPECIALIST EDC SPECIALIST.
IS THAT STRICTLY BOB? AND THEN DO IF I WANT THEM TO GO RUN A BUNCH OF REPORTS BECAUSE I'M BORED THEN DO I TELL BOB BECAUSE I DIRECT HIM, HEY, TELL YOUR EMPLOYEE TO GO DO THIS THE WAY IT'S SET UP KIND OF NOW, UM, IT'S KIND OF FREE THAT WE JUST KIND OF SAY, HEY BOB, CAN YOU DO THIS? AND I DON'T REALLY KNOW WHAT THE RULES ARE RIGHT NOW.
I DON'T, I DON'T REALLY HIT MOB WITH A LOT OF INFORMATION REQUESTS AND I DON'T KNOW WHAT THE CITY'S DOING.
IF HE COMES OVER HERE, HOW DOES THE CITY INTERACT WITH THEM? IF THEY NEED SOMETHING? CAN BOB JUST SAY, I DON'T HAVE TIME THIS WEEK, BECAUSE LIKE GEORGE SAID, THERE IS A POSSIBILITY IN 2016, THIS POSITION WAS IN THE EDC AND THEN WHOLE BUNCH OF STUFF SUPPOSEDLY HAPPENED.
AND SO WE MOVED THE POSITION BACK TO THE CITY AND THEN WE KNOW FOR A FACT, A WHOLE BUNCH OF STUFF HAPPENED.
WE MOVED THE BOARD AROUND THAT KEPT, KEPT THE POSITION AT THE CITY.
AND THEN I THINK WE MOVED THE SPECIALIST IN JUNE OR WHAT HAVE YOU SAID? WE, WE KIND OF BUDGET FUNDED.
SO GEORGE IS RIGHT THAT, UH, UH, IF, IF THE CITY MANAGER WENT ROGUE, THE CITY MANAGER COULD TELL BOB TO LEAVE US ALONE AND DON'T DO ANYTHING THEY SAY AND DO IT MY WAY.
THE FLIP SIDE IS IF THE EDC, ALL OF A SUDDEN GETS TOO BIG FOR THEMSELVES AND DECIDES THEY DON'T AS A BOARD, WE ONLY WANT BOB TO DO CERTAIN THINGS.
AND WE DON'T LIKE THE DIRECTION THE CITY'S GOING.
THAT'S WHERE YOU START GETTING SOME CONFLICT TOO.
RIGHT? BECAUSE THEN WE'VE HAD THAT HAPPEN TOO.
CAUSE EDC A YEAR AGO WAS GOING ONE DIRECTION.
THE CITY COUNCIL WAS GOING ANOTHER.
AND THEN WE REPLACED THE EDC BOARD FOR THE MOST PART.
AND SO I DON'T KNOW THAT'S, I MEAN, FOR ME, I GOT TO KNOW THE PROBLEM IS BECAUSE WE MAY JUST BE DOING THINGS.
AND UNTIL WE KNOW SOME SAFETY GUARDS, WE MAY JUST BE CREATING, NOT A CONFLICT TODAY.
THE CONFLICT COULD HAPPEN IN, YOU KNOW, WELL, LIKE RIGHT NOW, FOR INSTANCE, THE BUDGET'S PRETTY WIDE OPEN.
THERE'S JUST A BIG CHUNK OF MONEY YOU CAN USE FOR A LOT OF THINGS.
UM, THAT MAY, IF YOU START THROWING EMPLOYEES IN THERE AND ALL OF A SUDDEN THE EDC JUST RUNNING AND SPENDING, YOU KNOW, UP TO A MILLION DOLLARS WITHOUT ANY INVOLVEMENT FROM THE CITY COUNCIL THAT MAY CREATE AN ISSUE LIKE WE HAD IN 2016 WHERE PEOPLE STARTED SECOND GUESSING THINGS.
AND SO I THINK WE'VE GOT TO TAKE ALL THIS INTO ACCOUNT BECAUSE I DON'T SEE A PROBLEM TODAY.
I JUST SEE THE POTENTIAL FOR PROBLEMS IN THE FUTURE.
AND IF WE HAVE GOOD PROTOCOLS IN PLACE THAT I THINK WE, WE CAN MOVE PEOPLE AROUND AND NOT HAVING THOSE ISSUES WHERE IF WE JUST DO IT RIGHT NOW, UM, MAY OR MAY NOT HAPPEN.
BUT WELL, I MEAN AT ANY POINT, IF THE BOARD GOT TOO BIG, THE COUNCIL ALWAYS DOES HAVE THE LEVER THAT THEY ALREADY HAVE.
SO I DON'T KNOW NECESSARILY THAT THAT IS A, UH, A REASON TO NOT MOVE BOB UNDER TODAY BECAUSE IF THERE WAS A PROBLEM WITH THE EDC, THE COUNCIL ALREADY HAS A VEHICLE TO HANDLE THAT PROBLEM.
AND HOW DISRUPTIVE IS THAT? OUR ECONOMIC DEVELOPMENT DEALS, LET'S SAY WE GO ROGUE AND THE CITY COUNCIL, ALL OF A SUDDEN STARTS REMOVING PEOPLE IN THE MIDDLE OF DEALS THAT BECOMES VERY DISRUPTIVE.
AND SO SOMEHOW WE GOT TO MAKE SURE.
AND WHETHER IT'S ADD MORE AT A, ANOTHER COUNCIL MEMBER TO THE BOARD TO WHERE THE, THE COMMUNICATION IS ALWAYS SUPER TIGHT, BECAUSE RIGHT NOW IT SEEMS LIKE IT IS.
SO AGAIN, IT'S NOT ABOUT TODAY.
I MEAN, WE WENT FOUR YEARS WITHOUT REALLY MUCH OF ANYTHING GETTING DONE ALL IN THE LAST YEAR.
HAVE WE REALLY STARTED JELLING? W I MEAN, WE LITERALLY GOT IN OUR OWN WAY ON EVERY ECONOMIC DEAL THAT CAME TO HUDDLE BECAUSE WE JUST WEREN'T.
AND I CAN TELL YOU THAT THE WAY I ENVISIONED THIS, IT WOULD BE VERY SIMILAR TO THE CITY MANAGER STRUCTURE WE HAVE RIGHT NOW IN THAT THE CITY MANAGER HAS TO ANSWER, ANSWER TO SEVEN COUNCIL MEMBERS.
UM, AND THE BOARD WOULD ESSENTIALLY APPOINT THE ECONOMIC DIRECTOR.
SO HE CANNOT DEMAND DIRECTOR WOULD HAVE TO ANSWER TO SEVEN BOARD MEMBERS.
SO THEY WOULD BE ABLE TO TH THE, IN MY OPINION, THE CHECKS AND BALANCES THAT THE BOARD CONTROLS THE EDC DIRECTOR, THE SPECIALIST, I'M SORRY, DDC DIRECTOR,
[02:10:01]
THE DIRECTOR WILL MANAGE EVERY STAFF UNDERNEATH THERE, WHICH WOULD INCLUDE THE SPECIALISTS AND ANYBODY ELSE THAT WE ADD TO THAT, I MEAN, TO THE STAFF.AND SO THAT'S THE RESPONSIBILITY THAT, THAT THEY NOW TAKE ON.
AS A DIRECTOR, WE START, WE SET THE BUDGET AT THE BEGINNING OF THE FISCAL YEAR.
AND THE EDC DIRECTOR IS NOW REQUIRED TO FOLLOW THAT BUDGET BECAUSE IT IS A GOVERNMENTAL DOCUMENT THAT'S BEEN APPROVED BY THE CITY COUNCIL, WHICH MEANS THAT ANYTHING OUTSIDE THE PURVIEW OF THE BUDGET MEANS THAT THERE ARE CHARGES THAT CAN BE BROUGHT AGAINST THEM BECAUSE THEY'RE, THEY'RE GOING OUTSIDE.
WHAT A CITY, A GOVERNMENTAL ENTITY THAT'S ELECTED BY.
THE PEOPLE SAYS, YOU CAN ONLY SPEND $10 HERE.
AND THEN HE GOES OUT AND SPENDS A THOUSAND DOLLARS THERE WITHOUT AUTHORIZATION, BECAUSE WE'VE TOLD HIM HE CAN ONLY SPEND 10.
SO THOSE, THOSE MECHANISMS ARE IN PLACE.
AND SO WE HAVE TO ENSURE THAT WE'RE TAKING THAT SAME STRUCTURE THAT EXISTS FROM THE CITY MANAGER CITY COUNCIL PERSPECTIVE INTO THE BOARD ECONOMIC DEVELOPMENT PERSPECTIVE.
SO THOSE MECHANISMS NEED TO BE IN PLACE NO MATTER WHAT.
AND YOU'RE RIGHT, THE BOARD COULD GO ROGUE, BUT IF THE BOARD GOES ROGUE WITH THE COUNCIL, NOT STEPPING IN TO STOP IT, THEN I DON'T KNOW WHO'S TO BLAME THE BOARD OR THE COUNCIL BECAUSE THE COUNCIL NEEDS TO BE ABLE TO ALWAYS HAVE A HAND IN WHAT ECONOMIC DEVELOPMENT IS.
AND IF, IF THEY'RE GOING ROGUE, THEN THEY JUST NEED TO REPLACE THEM.
AND I AGREE THAT IT WOULD BE DISRUPTIVE.
BUT I THINK IN MY, IN MY OPINION, WHILE IT MAY BE DISRUPTIVE, THE REALITY IS I THINK THAT YOU'RE CALMING THE WATERS NOW BECAUSE THE DISRUPTION TOOK PLACE BEFORE THE REMOVAL, NOT AFTER THE REMOVAL, IN MY OPINION.
AND SO WE HAD TO MAKE SURE THE COUNCIL WAS ALWAYS IN, IN IS ALWAYS IN CONTACT WITH THE BOARD TO KNOW WHAT'S GOING ON.
SO AS THE PARENT CORPORATION, THE MUNICIPAL CORPORATION, I'VE ALWAYS FOUND THAT WHEN AN ECONOMIC, WHEN A CITY COUNCIL, MAYBE ANNUALLY IDENTIFIES WHAT ECONOMIC DEVELOPMENT, INCENTIVE, AND PROJECTS THAT, THAT THEY ARE INTERESTED IN AND GIVES THAT TO THE BOARD, THEN THE BOARD HAS DIRECTION FROM THE PARENT.
THEN THE BOARD GOES OUT AND DOES, YOU KNOW, TRIES TO CREATE, UH, THE ECONOMIC DEVELOPMENT INCENTIVES AND THE PROJECTS THAT THEY, THAT THE CITY COUNCIL HAS ALREADY TOLD YOU THAT YOU'RE INTERESTED IN DOING CASE IN POINT SAN ANTONIO DOES NOT DO SALES TAX FOR EVER BECAUSE THE CITY COUNCIL PASSED A RESOLUTION AND SAID, WE'RE NOT, I'M NOT GOING, WE'RE NOT GOING TO VOTE FOR SALES TAX INCENTIVE PROJECTS.
AND SO WHEN THEY DID THAT, THAT GAVE A CLEAR DIRECTION TO THE BOARD THAT DON'T BRING A SALES TAX PRO PROJECT BECAUSE THAT'S NOT GOING TO GET PASSED.
SO IF, IF, IF THE PARENT IS GOOD DIRECTION TO THE BOARD, THEN THE BOARD COULD GO OUT AND SATISFY THE PARENT BY GOING OUT AND DOING THE PROJECTS THAT CAN WITH LITTLE CONFLICT AT ALL.
CHAIR, IS THAT WHAT HAPPENS IS WHEN THE CITY COUNCIL DOESN'T INTERACT WITH THE BOARD AND THEN THE BOARD DECIDES FOR ITSELF, WHAT IS THE GOOD ECONOMIC DEVELOPMENT PROCESS WITHOUT REGARD TO WHAT THE CITY COUNCIL THINGS, THEN YOU START BREAKING OFF AND NOW YOU'RE DOING OVER HERE AND THEY'RE GOING OVER HERE AND THEN YOU GET CONFLICT.
UM, SO, AND HE IS EASIEST WAY TO GET REMOVED OFF OF A BOARD IS TO GO COUNTER WHAT THE COUNCIL WANTS, RIGHT.
AND IF YOU, IF YOU WANT TO LOSE A SALARY, WHICH IS ZERO, THEN JUST GO UP TO WHAT THE KELLY'S.
BUT I MEAN, AND I DON'T WANT THIS TO GO DOWN TO THIS, BUT THE, I HAVE SEEN SO MANY PEOPLE THAT HAVE HAD COUNCIL MEMBERS ON THE BOARD, AND THEN THE COUNCIL MEMBER DOESN'T RUN FOR OFFICE, OR THE COUNCIL MEMBER IS DEFEATED FOR RUNNING FOR OFFICE, BUT THEY KEEP THEM ON THE BOARD.
AND I STARTED TO SEE THREE OR FOUR PEOPLE WHO WERE OPPONENTS POLITICAL OPPONENTS TO THE PEOPLE THAT ARE ON THE CITY COUNCIL.
AND GUESS WHAT HAPPENS? THEY'RE DOING SOMETHING THAT THE OTHER PEOPLE DIDN'T WANT THEM TO DO.
WELL, YOU KNOW, FACTUALLY THAT WAS THE COUNCIL'S DISCRETION AS TO, YOU KNOW, CAUSE YOU ALL SERVE AT THE DISCRETION OF THE CITY COUNCIL.
UM, SO I WOULD ASK THAT BASED ON THE AGENDA ITEM, I'M NOT, I'M NOT READY AND I AGREE, MAYOR, WE'RE NOT READY TO TAKE ACTION ON BRINGING HIM OVER RIGHT NOW.
I THINK THERE'S, THIS IS THE BEGINNING OF THE DISCUSSION THAT I WANT TO HAVE, UH, WITH THE COUNCIL AND ALSO FURTHER DISCUSSION WITH THE CITY MANAGER.
UM, BUT WHAT I'M, WHAT I'M LOOKING FOR IS AS A CONSENSUS OF THIS BOARD THAT WOULD ALLOW ME TO NOW GO BEFORE THE COUNCIL AND WORK WITH THE CITY COUNCIL TO SAY, THIS IS A PROPOSAL WE'D LIKE TO BRING BEFORE YOU AND TO GET THE CITY COUNCIL TO SAY YAY OR NAY.
AND IF THEY'RE FINE WITH IT, THEN WE WOULD COME BACK AND WE WOULD ACTUALLY DEVELOP THE JOB DESCRIPTION FOR THE EDC DIRECTOR TO BE UNDER THE BOARD.
AND THEN FOR THE, UH, JOB DESCRIPTION FOR THE EDC SPECIALIST, FOR THE EDC DIRECTOR TO HIRE.
AND WE WOULD HAVE, NOW THIS BOARD WOULD HAVE STAFF THAT WE HAVE TO MANAGE.
UM, W ACTUALLY WE'D HAVE A STAFF PERSON IMAGINE THAT PERSON WOULD MANAGE THE REST OF THE STAFF AND, AND STRUCTURE IN THAT MANNER.
[02:15:01]
ENVISIONED IN A VERY MUCH SMALLER SCALE ORGANIZATIONAL CHART AS A CITY OF PEDO.AND WHEN I SUGGESTED A MOTION, THAT'S EXACTLY KIND OF WHAT I WAS THINKING AS WELL, IS THAT YOU WOULD GO OUT, CREATE BOTH JOB DESCRIPTIONS, GET RANGES IN SALARIES, YOU KNOW, DO THE LEGWORK TO BE ABLE TO PRESENT A FULL PACKET AND THEN GIVE US A GOOD UNDERSTANDING OF EXACTLY WHAT WE'RE MOVING OVER AND WHAT THE COSTS ARE TO IT.
SO, YEAH, WHEN I SAID MOTION THAT THAT'S KIND OF THE TRACK THAT I WAS GOING DOWN.
SO IT WOULD BE A MOTION TO AUTHORIZE STAFF AND THE CHAIR TO PREPARE AND PROPOSE A RE UH, WHAT DO YOU CALL IT? UH, A RE UH, ALLOCATION OF STAFFING BETWEEN THE CITY AND THE ECONOMIC DEVELOPMENT CORPORATION.
AND YOU SAYING BEFORE GOING TO COUNSEL, YOU WANT TO SEE THAT, OR DO YOU WANT HIM TO GO TO COUNSEL, FIGURE THAT OUT AND THEN BRING IT BACK TO THIS BOARD? I THINK WHATEVER'S FASTER.
AND I THINK THAT THE ROUTE OF GOING TO COUNCIL FIRST AND THEN COMING BACK IS THE, IS THE LONGER ROUTE.
BUT IN MY OPINION, IT'S THE MORE, IS THE MORE PRUDENT ROUTE, BECAUSE IF THE COUNCIL IS NOT ON BOARD, THEN ANY PRESENTATION THAT I MAKE TO THIS BOARD ABOUT THIS IS THE ALLOCATION OF THE JOB DESCRIPTION.
THEY NEED THE PRESENTATION TO BE ABLE TO MEET WELL, AND I GET THAT.
BUT THE PROBLEM THAT I HAVE IS THAT I DON'T WANT TO GIVE THEM A JOB DESCRIPTION THAT THIS BOARD HAS NOT APPROVED.
AND IF WE HAVE TO APPROVE A JOB DESCRIPTION, THEN WE'RE BACK THE POSITION WE TALKED ABOUT.
SO I'M SORRY, ISAAC, LET ME SEE IF I CAN ASSIST YOU WITH THIS CHICKEN OR EGG SITUATION.
PLEASE REMEMBER THAT THERE IS A LOT OF WORK THAT IS INVOLVED IN CREATING A JOB DESCRIPTION, SEVERAL JOB DESCRIPTIONS.
UM, I WILL SHARE WITH YOU THAT THE CITY IS, AND YOU'VE ALREADY INDICATED THAT IS BEHIND ON CREATING JOB DESCRIPTIONS.
SO I WOULD SUGGEST TO YOU THAT YOU ALLOW YOUR CHAIR WHO WAS VERY ARTICULATE IN, UM, SHARING THE VISION AND THE COUNCIL, I BELIEVE WILL VERY EASILY UNDERSTAND WHAT THE OPTIONS ARE AND WHAT THE CHAIR WOULD LIKE TO DO THAT, THAT GO FIRST BEFORE ANY WORK IS DONE ON A JOB DESCRIPTION AND THAT DETAILED WORK, BECAUSE THAT, THAT INVOLVES SOME TASK.
AND, UH, THE CONCEPT SHOULD GET APPROVED FIRST, JUST LIKE WE WOULD DO FOR OTHER POSITIONS FOR THE MOST PART.
AND THEN, AND THEN COME BACK AND THEY CAN FILL IN THE DETAILS.
IT WOULD BE BETTER AND EASIER ON US AS STAFF AND, UH, UM, I THINK MAKE SURE THAT THE COUNCIL'S ON BOARD BEFORE STAFF IS GOING IN AND IN ESSENCE, UH, HELPING TO CREATE ANOTHER POSITION.
ANY QUESTIONS? THANK YOU, SIR.
SO WHAT I AM, WHAT I'M REQUESTING IS, I DON'T KNOW IF IT'S AN ACTION, BUT JUST THE CONSENSUS TO MOVE TOWARDS THE COUNCIL AND TO PROPOSE THIS CHANGE TO THE COUNCIL FOR THEIR CONSIDERATION.
BEFORE WE COME BACK AND DOING A JOB DESCRIPTION FOR ME, I'D RATHER SEE AN OUTLINE FIRST AGAIN, WHO, WHO BOB IS GOING TO, OR THAT POSITION THE DIRECTOR IS GOING TO MANAGE AND HOW THAT'S ALL GOING TO WORK, BECAUSE I'M AFRAID.
IF YOU GO TO THE CITY, COUNCIL QUESTIONS GET ASKED, IT'S LIKE, WELL, WE'RE GETTING YOUR IDEA OR WHOEVER'S PRESENTING, BUT REALLY WE MAY, WE MAY HAVE A WHOLE DIFFERENT AS A GROUP.
AND I KNOW IT SEEMS LIKE IT'S DRAGGING IT OUT, BUT MAYBE WITH THIS CONSENSUS, WE CAN COME BACK WITH NOT IN THIS HEAD JOB DESCRIPTION, BUT AN OUTLINE OF WHAT WE THINK THE JOB IS GOING TO BE, WHAT WE THINK BOB'S RESPONSIBILITIES ARE GOING TO BE OUR RESPONSIBILITIES TO BOB.
AND THEN ALSO WITH THE SPECIALISTS, WHAT THEY'RE, WHEN, WHEN THE BUDGET CAME FORWARD IN OCTOBER, NOBODY DOUBTED THAT WE NEEDED A SECOND PERSON, BUT THE PERSONNEL POLICY REQUIRES A JOB DESCRIPTION BEFORE WE TAKE ON ANOTHER POSITION.
AND SO, UM, WE ASKED THAT SAME AGE THAT TIME, W WE JUST NEED A JOB DESCRIPTION, GIVE US A SALARY RANGE AND THEN FUND IT.
SO I THINK IF WE JUST GOT SOME OUTLIERS, NOT NECESSARILY A JOB DESCRIPTION, BUT WHAT WE ENVISIONED, IT MAY NOT EVEN BE A SPECIALIST.
IT COULD BE A WHATEVER THE NEXT, I DUNNO, SUB-DIRECTORY OR WHATEVER THE NAME IS, WHAT DO WE WANT THEM TO DO? BRING THAT BACK AS AN OUTLINE.
AND THEN WHAT DOES THAT ENTAIL FROM A MONEY STANDPOINT? BECAUSE WE MAY SAY WE ONLY WANT TO SPEND $90,000 FOR THE SECOND POSITION.
WELL, THEN IF WE THROW A BUNCH OF DUTIES ON THERE, BOB CAN LOOK AT THAT AND SOME OTHER PEOPLE AND GO GUYS, YOU'VE GOT A $200,000 JOB HERE.
YOU NEED TO DIAL THIS BACK OR INCREASE THE MONEY.
UM, IT IS A CHICKEN OR THE EGG, BECAUSE IT SEEMS LIKE THAT'S A PROBLEM WITH PUBLIC MEETINGS IS YOU HAVE TO FIX ALL THIS IN PUBLIC AND COME UP WITH A CONSENSUS WITHOUT, AND I WOULD PROPOSE IF YOU WOULD BE AMENABLE TO IT, TO ALLOW ME
[02:20:01]
TO SPEAK TO THE COUNCIL.AND IT GIVES THE BOARD OF THE OPPORTUNITY TO BE ABLE TO THINK ABOUT, UH, KIND OF WHAT THE CONCEPTUALIZE THESE DUTIES WOULD BE.
OTHER, I MEAN, WE ALREADY KNOW WHAT BOB DOES IT, HE COULD PROBABLY GET THAT INFORMATION TO YOU.
ALSO, I THINK THERE'S A JOB DESCRIPTION THAT HE HAS ALREADY, THAT HE CAN PROVIDE TO YOU.
UH, BUT THEN CONCEPTUALIZING WHAT YOU THINK THAT A SPECIALIST WOULD BE ABLE TO DO.
UM, AND SO THAT IF THE COUNCIL SAYS MOVE FORWARD, UM, THEN WHEN WE COME BACK AND I SAY, YES, WE'RE NOW WE CAN BEGIN TO START DEVELOPING THIS THAT THIS BOARD HAS ALREADY THOUGHT ABOUT.
I THINK THAT THIS IS WHAT THEY NEED TO DO.
THEY NEED TO BE ABLE TO DO X, Y, Z NOT A, NOT B.
AND WE'D HAVE ALREADY THAT DISCUSSION HERE.
SO WE CAN DEVELOP THAT AND FINALIZE IT, MAYBE IN TWO MEETINGS SO THAT WE CAN TAKE IT BACK TO THE COUNCIL AND SAY, THIS IS WHAT WE ARE CONCEPTUALIZING THIS POSITION TO BE.
I GOT TO TELL ME, YOU'RE WANTING TO GO TO THE COUNCIL, GET COUNSEL RECOMMENDATIONS, COME BACK TO THIS BOARD.
AND THEN WHEN WE FINALIZE IT, THEN BRING IT BACK TO COUNCIL FOR IT.
WASN'T LIKE A BUDGET I'M LOOKING AT IS, IS TAKING IT TO THE COUNCIL FOR THEM TO SAY, YES, WE AGREE.
GO AHEAD AND DO IT, BRING IT BACK TO US AND LET US KNOW WHAT IT LOOKS LIKE.
BUT CONCEPTUALLY, WE AGREE WITH THE PLAN.
BECAUSE IF WE DO ALL THIS WORK AND THEN I TAKE YOU TO THE COUNCIL AND THEY SAY, AND IT'S NOT GOING TO HAPPEN, THEN WE'VE DONE ALL THIS WORK FOR NOTHING.
SO THAT'S, UH, MOTION TO AUTHORIZE CHAIR TO PROPOSE THIS TO COUNSEL AND PREPARE A PITCH DECK.
IT, THAT'S KIND OF WHERE WE'RE LOOKING AT.
I'LL MAKE THAT MOTION WHAT GEORGE SAID.
WE HAVE A MOTION SECOND, A SECOND, ANY FURTHER DISCUSSION.
AND THIS WOULD BE FOR AGENDA ITEM 7, 7, 2 AND SEVEN THREE.
SO, UH, I GUESS WE'RE OKAY WITH ROLLING UP ON ONE.
DO WE NEED TO DO A VOTE ON EACH ONE? UM, YOU COULD EITHER ALL, YOU KNOW, IF THERE'S A CONSENSUS, WE CAN JUST RECOGNIZE A CONSENSUS AND WE CAN MOVE FORWARD.
IF YOU WANT TO DO A FORMAL VOTE ON THE MOTION THAT YOU CAN DO THAT.
UH, WHY DON'T WE DO A FORMAL VOTE ON THE VOTE SO WE CAN AT LEAST LET THE COUNCIL KNOW THAT THE BOARD VOTED ON THIS.
SO, AND THIS'LL BE A VOTE ON SEVEN, TWO AND THREE AND 73.
BOARD MEMBER, MIKE SNYDER, UH, CHAIRMAN MIKE HARRIS, MENDEZ BOARD MEMBERS, SEAN LUCAS, BOARD MEMBER CHENEY COMBO AND BOARD MEMBER RANDALL CLARK.
OH, NOW LET'S MOVE ON TO AGENDA SEVEN, FOUR UPDATE ON EDC WORK GROUP COMMITTEES.
UH, I THINK THE COMMUNITY THAT WE HAVE, OR THE MARKETING, THE BUSINESS STRATEGIC PLAN, UM, WE DO HAVE THE PROJECT DARWIN, WHICH, UH, I WANT TO MAKE NOTE THAT WE WILL PROBABLY JUST MOVE THAT TO PROJECT MEGASITE BECAUSE WE NO LONGER ARE CHASING THE DARWIN PROJECT, BUT WE STILL HAVE MEGA SITE THAT WE'RE WORKING ON.
SO I THINK IT WOULD JUST SAY THE NAME OF THAT TO PROJECT MEGASITE, WHICH WILL BE THE SAME INDIVIDUALS THAT WERE ON IT.
AND THEN OF COURSE WE HAVE THE EDUCATION WORKING WITH TSTC AND HUTTOE.
SO, UM, I'LL START OFF BY THE BUSINESS STREP PLAN.
I MET WITH THE CHAMBER BOARD OF DIRECTORS AND, UH, PITCHED TO THEM THE OPPORTUNITY MAY BE TO CREATE AND DO A BUSINESS STRATEGIC PLAN THAT WOULD BE IN CONJUNCTION WITH THE HUDDLE CHAMBER OF COMMERCE AND ALSO THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION.
UM, THEY, UH, I'M ASSUMING WE'RE STILL CONSIDERING THAT AND HAVE NOT HEARD BACK FROM ANY CHAMBER MEMBER.
SO, UH, IT SEEMED TO HAVE A REALLY GOOD MEETING WITH THEM.
UH, BOB AND I PITCHED IT TO THE EXECUTIVE COMMITTEE AND THEN WE WENT TO THE BOARD AND I PITCHED IT TO THE BOARD.
SO WE SEE NEW, HAVE GOTTEN VERY GOOD RESPONSE AND STILL WAITING FOR A REPLY BACK.
BUT AS SOON AS I GET THAT, I'LL LET THE BOARD, UH, THE BOARD KNOW WHAT THE RESPONSE WAS FROM THAT OLD CHAMBER, UM, MARKETING ME.
SO, UH, SEAN AND I ARE ON THE MARKETING COMMITTEE AND WE'VE MET TWICE WITH CITY COMMUNICATION STAFF, UM, SINCE OUR LAST MEETING, UM, AND STARTED KIND OF THE REBRANDING PROCESS.
LUCKILY WHAT WAS PUT OUT HASN'T REALLY BEEN PUT OUT IN FAR AND WIDE, I WOULD SAY.
AND SO WE'RE STILL AT A GOOD SPOT TO BE ABLE TO MAKE SOME CHANGES, TO MAKE IT REALLY IMPACTFUL.
UM, THE EDC WEBSITE IS STILL UNDER CONSTRUCTION AND, UM, IT'S GOING TO BE DELAYED ABOUT TWO WEEKS BECAUSE OF OUR KIND OF PAUSE ON ALL OF THAT TO MAKE SURE THAT THE BRANDING IS WHAT WE WANT IT TO BE.
UM, WE'RE WORKING ON THE LOGO, UM, WE'RE DEVELOPING IT IN-HOUSE, UM, AND SHOULD BE DONE AT THE END OF FEBRUARY.
SO THEN ALL THE EDC MATERIALS WILL BE BRANDED ACCORDINGLY.
UM, AND THEN I SEE A C TRADE SHOW IN VEGAS THAT BOB'S GOING TO, UM, COMMUNICATION STAFF IS WORKING WITH HIM TO MAKE SURE THAT THE EDC IS BRANDED
[02:25:01]
APPROPRIATELY, UM, FOR THAT EVENT AS WELL, KIND OF GETTING AN IDEA OF WHAT TYPES OF BRANDING MATERIALS ARE GONNA BE NEEDED FOR THAT EVENT AS WELL.UM, AND WE'VE GOT LINKEDIN AND SOCIAL MEDIA POSTS THAT ARE LAUNCHING IN MAY ALONG WITH THE WEBSITE LAUNCH, UM, AND THERE'LL BE A NEW VIDEO PROMOTING HADOW AND THE EDC AT THAT.
UM, AND THEN WE'RE JUST CONTINUING TO MARKET THE EDC WEB PAGE, AND IT'S LIKE SOME ZOOM PROSPECTOR CONTENT AND THE HEY HADOW LINKEDIN AND OUR NEWS MEDIA.
AND THEN THERE'S A LINK HERE IN THE NOTES FOR THE, UM, FOR AN EXAMPLE OF THE, OF A VIDEO FOR THAT TOO.
SO, UM, I JUST HAD A QUESTION FOR THE BOARD, I GUESS IT WAS ASKED OF US IN ONE OF OUR MEETINGS, KIND OF WHAT LEVEL OF INVOLVEMENT THE REST OF THE BOARD WANTS AS WE'RE TRYING TO FIGURE OUT LOGO AND BRANDING.
SO I KNOW WE'RE ON THE COMMITTEE, SO WE KIND OF FELT LIKE THE DESIGNATED PEOPLE, BUT WE ALSO WANT TO MAKE SURE THAT IT'S SOMETHING THAT THE BOARD GETS BEHIND AND LIKES, AND WE DON'T WANT TO BRING SOMETHING TO YOU FOR APPROVAL.
AND THEN YOU'RE LIKE, OH, WHAT HAPPENED? LIKE WE'RE WAY BACK IN THE PROCESS.
BUT AT THE SAME TIME, WE DON'T NEED EVERYBODY IN ON EVERY SINGLE THING.
THAT'S WHY WE'RE ON THE COMMITTEE.
SO JUST TRYING TO UNDERSTAND KIND OF OUR GOALPOSTS FOR THAT FURTHER ENGAGEMENT TO, UH, I THINK THAT'S A QUESTION FOR Y'ALL.
HOW, HOW WOULD YOU, WOULD YOU LIKE US TO KIND OF GET A FINAL OR CLOSE TO A FINAL DRAFT AND THEN PRESENT TO YOU GUYS TO GET AN UNDERSTANDING OF IF YOU GUYS LIKED THE LOGO, DO YOU GUYS WANT TO GIVE INPUT THROUGH OUR PROCESS TO CONTRIBUTE? LIKE, WHAT ARE YOU GUYS' THOUGHTS ON, ON THAT? SO WE'RE CHANGING THE LOGO WE JUST CHANGED.
YEAH, BECAUSE THE EDC HAD NO INPUT ON IT.
FOR ME, I'D SAY IF I COULD SET IT, IF YOU'VE GOT, IT'S A NO CHICKEN NECK THING, RIGHT.
DON'T WANT TO DO ALL THE WORK, BUT I GUESS SOMETHING THAT IS CLOSE TO, YOU KNOW, LIKE A DRAFT THAT IF WE CAN AT OUR NEXT MEETING LOOK AT AND GO, YEAH, THAT'S, THAT SOUNDS GREAT.
UM, I THINK THAT'S MOST APPROPRIATE, SO WE'LL CONTINUE TO WORK THROUGH MARKETING.
ONCE WE GET SOMETHING THAT WE FEEL COMFORTABLE WITH MAYBE EVEN ONE OR TWO OPTIONS WE'LL COME TO PRESENT TO THE BOARD.
HAVE YOU GUYS LOOK AT IT AND, AND, UM, GO FROM THERE.
IS THAT CORRECT? JHO THEY DID A REALLY GOOD JOB IN LAYING OUT TIMELINES GOALS.
WHAT WOULD LOOK WELL ON WHAT THEY'RE ENVISIONING ON EACH ONE OF THE SOCIAL PAGES, HOW THEY'RE LAYING OUT THE WEBSITE, HOW THEY'RE LAYING OUT, UM, JUST ALL THE DIFFERENT FACETS AND HOW THEY'RE LAYERING IN OTHER AVENUES THAT WE HAVEN'T NECESSARILY THOUGHT OF, UM, THAT COULD BENEFIT.
THERE'S A LOT OF GREAT STUFF THAT THEY'VE PREPARED, UH, FOR US TO LOOK AT.
I THINK THAT, YOU KNOW, UH, YOU KNOW, SOME POINT IN TIME WE HAVE TO TRUST THE PEOPLE THAT ARE IN THE COMMITTEE.
AND I THINK YOU HAVE A REALLY GOOD GRASP AS TO WHAT THIS BOARD IS LOOKING AT AND KIND OF THE DIRECTION AND KIND OF WHAT WE ENVISIONED IN THE GROWTH THAT WE'RE LOOKING AT, THE POTENTIAL IMPACT THAT'S GOING TO HAVE ON THE CITY, THAT YOU CAN TAKE ALL OF THAT KNOWLEDGE THAT YOU HAVE AND APPLY IT TO THE LOGO AND BRING BACK SOMETHING TO US THAT, YOU KNOW, PRETTY CLOSE.
CAUSE I CAN TELL YOU I'M, I'M NOT A NITPICKER.
I'D PROBABLY SAY, HEY, LET'S GET TO MOVE THIS, MOVE WITH IT.
AND I THINK THE OTHER THING IS PROBABLY SHARING THE WEBSITE.
I THINK THAT'S ANOTHER THING BECAUSE SO MUCH HAPPENS ON THE EDC WEBSITES.
LIKE WE REALLY WANT TO MAKE SURE THAT WHEN WE LAUNCHED THAT IT IS SPECTACULAR.
AND SO I THINK THE MORE EYES WE CAN GET ON THAT AND THE MORE FEEDBACK, THE BETTER.
SO AS THAT STARTS TO KIND OF FULFILL ITS POTENTIAL, WE'LL BRING THAT TO YOU GUYS TOO, AND WANT TO GET FINAL DETAILS, TWEAKS AND MAKE SURE IT'S GOT EVERYTHING THAT IT NEEDS TO HAVE.
CAUSE I THINK THAT'S GOING TO BE PIVOTAL FOR US.
WE ALSO HAVE THE, UH, MASTER COMP PLAN SUBCOMMITTEE THAT WE HAVE.
I BELIEVE IT'S RANDALL AND CHENEY.
I DON'T KNOW IF HE GOT, I HAD A MEETING AGAIN, THEY'RE SUPPOSED TO BE ONE SCHEDULED.
UM, IN MARCH I'M WAITING FOR ASHLEY TO, WITH ALL THE COVID THAT HAPPENED AND ALL THE STAFF DOWN, THEY GOT KIND OF DELAYED.
UM, THE SURVEY'S CLOSED, I THINK A WEEK AGO.
AND SO THE ADMINISTRATIVE FIRM THAT WE'VE CONTRACTED FROM THE CITY TO, TO DO THE 20, 40 COMP PLAN IS CO CORRELATING, ALL THAT DATA.
AND THEN THEY'RE GOING TO COME BACK WITH THE PRESENTATION AND THAT'LL BE OUR NEXT MEETING.
AND THEN AFTER THAT, WE'LL BE HAVING EVENTS WITH THE, UM, THE CITY AND CITIZENS WE'LL HAVE A GOOD REPORT.
[02:30:01]
WAS ON THE EDUCATION SIDE.UM, I AT THE POWER BREAKFAST, I MET ROBIN RAY.
UM, WHO'S THE ASSOCIATE, VICE-PRESIDENT AT THE EAST WILLIAMSON COUNTY, UM, CENTER.
AND, UM, I'M GOING TO HAVE A SCHEDULED APPOINTMENT WITH HER LATER THIS MONTH TO GO OUT TO THE FACILITY AND GIVE IT TO HER AND GET TO MEET ALL THE OTHER PRINCIPALS.
AND WE START TALKING ABOUT, BECAUSE WE FOUND THAT, YOU KNOW, THEY DON'T GET PAID FOR THEIR STUDENTS UNTIL THEY GET JOBS.
SO ONE OF THE THINGS AS WE GET MORE GROWTH ON NEW ECONOMIC DEVELOPMENT THAT NEED THOSE TRAINED PEOPLE TO WORK WITH THEM, TO MAKE SURE THAT THEY'RE PROVIDING THAT TRAINING SO THEY CAN GET THEM FULL-TIME JOBS UPON GRADUATION.
AND THEN WE'VE GOT THAT, UM, PARTNERSHIP THAT WE CAN THEN SELL TO POTENTIAL BUSINESS DEALS GOING FORWARD.
UH, LET'S MOVE ON TO ITEM EIGHT EXECUTIVE SESSION.
I BELIEVE WE DO NEED TO GO TO EXECUTIVE SESSION QUICKLY.
SO LET'S DO THAT PURSUANT TO FIVE, UH, CHAPTER 5, 5, 1 OF THE TEXAS GOVERNMENT CODE.
THE BOARD IS RECESSING INTO ITS REGULAR SESSION NOW AND WE'LL RECONVENE EXECUTIVE SESSION TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING THE FOLLOWING PURSUANT TO 5, 5, 1 0 8, 7 ECONOMIC DEVELOPMENT AND 5, 5, 1 0 7 1 CONSULT WITH THE ATTORNEY AND 5,172 REAL PROPERTY OF THE AG PROJECT D 12 MEGA SITE DEVELOPMENT, NEGOTIATIONS, INCENTIVES, OPTION CONTRACTS FOR THE PURCHASE OF LAND IN THE MEGA SITE VICINITY AND OTHER OFFERS AND INTEREST RAISED BY PROSPECTS DESIGNED TO CREATE, MOVE OR EXPAND COMMERCIAL INDUSTRIAL OPERATIONS INTO WITHIN THE CITY OF HUTTOE PURSUANT TO 501 0 7 0 5 5 1 0 7 1 CONSULT WITH ATTORNEY OF THE AG MODIFICATION OF THE CORPORATE BYLAWS.
WE GOING TO EXECUTIVE SESSION.
IT IS NOW 7 47 AND WE ARE EXITING EXECUTIVE SESSION COMING BACK INTO REGULAR SESSION, UH, ITEM NINE, ONE DISCUSSING CONSIDER ACTION ON AMENDING THE CORPORATE BYLAWS TO INCLUDE OBLIGATIONS OF CONFIDENTIALITY BY THE BOARD OF THE DIRECTORS OF THE BOARD CHAIRMAN.
I'D LIKE TO MAKE A MOTION TO APPROVE, UH, NINE ONE AS PRESENTED ANY FURTHER DISCUSSION ROLL CALL PLEASE.
BOARD MEMBERS, SEAN LUCAS, BOARD MEMBER CHAINING, GAMBOA BOARD MEMBER MIKE SNYDER, CHAIRMAN MIKE HARRIS, MENDEZ BOARD MEMBER RANDALL CLERK MOTION CARRIES FIVE ZERO THERE BEING NO FURTHER BUSINESS BEFORE THIS BOARD DOES THIS.
THE MEDIA IS A JOURNEY TO BRING US A FOREIGN VALENTINE'S EVENING.