* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [Special (EDC) Board Meeting] [00:00:04] TIME IS NOW 6 0 1. I'LL BRING THIS MEETING TO ORDER. WE CAN NEVER CALL PLEASE. CHAIRMAN MIKE HARRIS, MENDEZ VICE-CHAIR DON CARLSON, SECRETARY JANIE GUMBO, PRESENT TREASURER, SEAN LUCAS BOARD MEMBER, MIKE SNIDER HERE, BOARD MEMBER RANDALL CLARK HERE TOOK THE FLAG TO THE REPUBLIC FOR WHICH IT STANDS ONE NATION UNDER GOD PROTECTS FLAG. I'D LIKE TO LEAVE THE TEXAS ONE STATE UNDER GOD ON WE NOW MOVE ON TO A GIANT, UH, AGENDA ITEM FOR PUBLIC COMMENT. I DON'T SEE ANYBODY PRESENT. NO ONE SAID ANYTHING IN, UH, GEORGE, I THINK MAYBE TO BE ABLE TO SPEED THINGS ALONG, WE JUST NEED TO GO INTO EXECUTIVE SESSION. WE'LL COVER SOME OF THE AGENDA ITEMS THAT WE HAVE. WOULD THAT BE THE BEST PRUDENT THING TO DO? OKAY, LET'S GO AHEAD AND WE'LL COME BACK OUT AND HANDLE AGENDA FIVE ONE THROUGH FIVE, FIVE. THE REASON I SAY THAT IS BECAUSE THERE'S A COTTONWOOD LGC MEETING AT SIX 30 HERE, SO WE NEED TO MAKE SURE WE KIND OF FINISH OFF BY THAT TIME. SO WE'LL GO IN AND JUST MOVE INTO EXECUTIVE SESSION. THE BOARD. WE'RE NOW RECESS. THE OPEN SESSION MEETING AND RECONVENING EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE, SECTION 5 5 1 0 8 7 ECONOMIC DEVELOPMENT. OH 5 1 0 7 1 ATTORNEY CONSULTATION, 5 5 1 0 7 2 REAL PROPERTY TO DELIBERATE AND SEEK ADVICE WITH LEGAL COUNSEL REGARDING THE SIMON ASSUMPTION OF REAL PROPERTY OPTION TO PURCHASE LAND AGREEMENTS. EXCUSE ME. HOW ABOUT THE CORPORATION FOR PROPERTY AND AROUND THE MEGASITE PROJECT? KARPLUS INCENTIVES, A VOLUNTARY CORPORATE DEVELOPMENT ASSISTANT REIMBURSEMENT AGREEMENT WITH TITAN DEVELOPMENT, INC. UH, OR ONE OF ITS SUBSIDIARIES AND AFFILIATES FOR ITS PURPOSE FOR THE PHRASE PROPOSED MEGASITE PROPERTY ACQUISITION. THE TIME IS NOW 6 0 3. WE'LL GO INTO EXECUTIVE SESSION. OKAY. THE TIME IS NOW 6 41. THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION WILL, UH, INTER BACK INTO REGULAR SESSION. NO ACTION WAS TAKEN IN EXECUTIVE SESSION. UH, LET'S GO BACK TO ITEMS. UH, WHAT ARE WE, LET'S START WITH ITEM FIVE. RECALL THE CROSS NATIONAL ADVISORY PARTNERS ENGAGEMENT ACTION ITEM FROM THE MARCH 23RD, 2022 MEETING FOR DISCUSSION. UM, JUST FOR THE, UH, INFORMATION OF THE BOARD I VISITED WITH, UM, FORMER SECRETARY OF STATE RENAULT PABLO'S, UH, HE'S DECLINED OUR OFFER TO ASSIST. HE STATED THAT, UM, HE DID NOT FEEL, AND I THINK GEORGE MAY BUILD CHIME A LITTLE BIT MORE. CAUSE I THINK HE VISIT WITH HIM ALSO. UM, HE DID NOT FEEL THAT HE NEEDED TO, UM, I'M TRYING TO FIGURE OUT HOW TO SAY THIS. HE BELIEVED THAT HIS QUALIFICATIONS, THAT HE HAS AS FORMER SECRETARY OF STATE APPOINTED BY, UH, VARIOUS GOVERNANCE FOR DIFFERENT POSITIONS WAS THE, UM, RESUME CV THAT HE HAD WOULD BE A BENEFIT TO THE CITY OF HADOW AND THE ECONOMIC DEVELOPMENT ENDEAVORS THAT WE HAVE. UH, HE SAID BASED ON SOME OF THE COMMENTS AND QUESTIONS THAT WERE MADE THAT NIGHT, HE DIDN'T FEEL THAT, UM, THAT HIS SERVICES WOULD BE APPRECIATED. SO, UH, HE INFORMED ME THAT HE WAS NOT GOING TO BE, UH, TAKEN THIS, UH, AGREEMENT AND HE DECLINED THE OFFER TO ENTER INTO AN AGREEMENT WITH HIM. SO, UH, ALTHOUGH WE VOTED ON IT AND IT WAS A FOUR TO VOTE, THAT WAS ANOTHER ISSUE THAT HE SAID HE HAD THAT, UH, HE DIDN'T WANT TO COME INTO THE, UM, AGREEMENT WITH A FOUR TO VOTE. SO HE DECLINED THE OFFER. AND I WROTE GEORGE, IF YOU HAVE ANYTHING MORE. YEAH. I MEAN THAT, I WAS ABOUT TO TALK ABOUT THE VOTE ISSUE, BUT YOU COVERED THAT. AND SO THAT'S, THAT'S BASICALLY THE, THE, UH, UM, THE COMMENTS HE MADE TO ME AS WELL IS THAT, THAT IT, IT DIDN'T SEEM TO BE THE RIGHT FIT AND THAT IF THERE'S NOT A UNANIMOUS VOTE ON IT, YOU'RE ALREADY WALKING INTO SOMETHING THAT, UM, MAY NOT BE A POSITIVE EXPERIENCE FOR EVERYONE. SO, SO, UM, I CAN TELL YOU ON MY PART THAT, UM, WHILE I DID KNOW, UH, MR. PABLO'S, UH, I'VE HAD A LONG STANDING FRIENDSHIP WITH HIM THAT'S GONE ON FOR YEARS AND, UH, PROBABLY MAYBE A DECADE BY NOW. UH, HE HAS THE FACT THAT HE WAS THE FORMER SECRETARY OF STATE OF TEXAS. UH, I BILL HIM PLUS THE ECONOMIC DEVELOPMENT THAT HE'S CURRENTLY ENDEAVORING IN WITH OUR INTERNATIONAL COMPANY. I BELIEVE THAT SHOULD HAVE BEEN ENOUGH TO GET IT OVER THE FINISH LINE. UM, BUT, UH, HE JUST FELT THAT THAT THAT WAS NOT WHERE, UH, THE EDC SAW HIM. AND SO, UM, I THINK THAT WE'VE MISSED A GREAT OPPORTUNITY AND I HOPE [00:05:01] I'M HOLDING OUT THAT IN THE FUTURE. WE MAYBE WE'LL CIRCLE BACK AND HE MAY ABLE TO HELP US BECAUSE OF THE CONNECTIONS THAT HE HAVE, UH, WITH, UH, INTERNATIONAL COMPANIES AND THE NRC COMPANY THAT HE HAS. SO THAT'S KIND OF WHERE WE'RE AT. SO HE, HE DID DECLINE THE OFFER AND HE WILL NOT BE WORKING WITH THE HUNTER EDC QUESTIONS, COMMENTS. ALL RIGHT, LET'S MOVE ON TO ITEM FIVE TO CONSIDERATION POSSIBLE ACTION ON THE REVISED FIRST AMENDMENT AND ACTUALLY EXTENSION TO KRUGER OPTION AGREEMENT PREVIOUSLY APPROVED BY ALL THE PARTIES REVISED BY ADDING A NEW SECTION ONE ADOPTING RECITALS AND SECTION THREE, EXCLUDING TRACK FOUR, AND REDUCED TO THE PROPORTIONATE OPTION CREDIT AT CLOSING AS REQUESTED. SO A BOARD, THIS IS THE, UH, WITH THOSE CHANGES, THIS IS EXACT SAME ASSIGNMENT ASSUMPTIONS THAT YOU APPROVED ALREADY. UM, BUT JUST, AND SO SINCE THOSE MATERIAL CHANGES WERE MADE, THAT'S, IT'S BACK FOR YOUR APPROVAL AT THIS POINT. AND, AND THAT WAS MORE OF A CLARIFICATION AS TO RECITALS MAKING THEM PART OF THE AGREEMENT. NUMBER TWO, UH, WAS THE, UH, UH, THEY WANTED THIS SPECIFIC, IT USED TO SAY ONLY WITH TRACKS ONE, TWO AND THREE. AND SO WE ADDED LANGUAGE THAT SAID THAT IT EXCLUDED UNIT OR UNIT NUMBER FOUR, SO IT WASN'T INFERRED, BUT STATED STRAIGHTFORWARD. UM, AND IT'S READY TO GO. WE RECOMMEND THAT YOU EX ARE YOU, UH, APPROVED THAT AGREEMENT AND AUTHORIZE THE CHAIR TO EXECUTE ANY QUESTIONS, MOTION BE IN ORDER SHERMAN, I'LL MAKE A MOTION TO APPROVE THE REVISED FIRST AMENDMENT IN EXTENSION TO THE KRUGER OPTION AGREEMENT. SO WE HAVE A MOTION AND SECOND HERE FOR THE CONVERSATION. ROLL CALL PLEASE. NUMBER RANDALL CLARK BOARD MEMBER, MIKE SNYDER, SECRETARY CHENEY, GAMBOA KOSHER, SEAN LUCAS, CHAIRMAN MIKE HARRIS, MENDEZ VICE CHAIRMAN, DON CARLSON MOTION CARRIES SIX ZERO A GENERIC AND FIVE ONE CONSIDERATION POSSIBLE ACTION ON THE ASSIGNMENT AND ASSUMPTION AGREEMENT CONVEYING THE OPTION TO PURCHASE THE REMAINING TRACK. ONE THROUGH THREE ON THE DECEMBER 22ND, 2021 OPTIONS AGREEMENT. UH, THAT IS THE OPTION AGREEMENT, WHICH GOES WITH THE FIRST AMENDMENT, UH, WITH REGARDS TO THE, UH, KRUGER TRACKS, UH, AND, UH, MORRISON AND MICHAEL KRUGER TRACKS ON THE WEST SIDE OF THE, UH, A MEGASITE FACILITY. UH, WE WENT OVER AN EXECUTIVE SESSION WITH REGARD TO ITS TERMS AND WE REC RECOMMEND, UM, IT BE APPROVED AND THE CHAIR BE AUTHORIZED TO EXECUTE THE AGREEMENT. ANY MORE QUESTIONS FOR COUNCIL MOTION TO BE IN ORDER MOTION. SECOND, ANY FURTHER DISCUSSION ROLL CALL PLEASE. UH, SECRETARY CHENEY ON BOTH TREASURE, SEAN LUCAS BY CHAIRMAN MIKE HARRIS, MENDEZ BOARD MEMBER RANDALL CLERK, BOARD MEMBER MIKE SNYDER, THE VICE CHAIRMAN, DON CARLSON MOTION CARRIES SIX ZERO ITEM FIVE FOR CONSIDERATION POSSIBLE ACTION TO APPROVE THE CONVEYANCE OF A MODIFIED ENCORE PROPOSED 15 FOOT EASEMENT AT THE CORNER OF HIGHWAY 79 AND FM 33 49 ON THE MEGA SITE. AND THE APPROXIMATE LOCATIONS SHOWN ON THE PROVIDED SURVEY, REPRESENTED AT THE MEETING AND AUTHORIZED THE CHAIR CONDITIONAL ON CORPORATE COUNCILS APPROVAL EASEMENT DOCUMENTS TO EXECUTE THE AGREEMENT. I BELIEVE, UH, THIS DISCUSSION, UH, BECAUSE OF THE FACT IT WAS RIGHT AWAY EASEMENT AND ENTER INTO A CONTRACT WITH ENCORE. UM, WE'RE GOING TO HAVE BOB GO BACK AND DO SOME ADDITIONAL, UM, NEGOTIATION WITH ENCORE AND I HOPE TO BRING IT BACK FOR OUR APRIL MEETING IN FURTHER DISCUSSION QUESTIONS. ALL RIGHT, IF WE MOVE ON ITEM FIVE, FIVE DISCUSSING CONSIDER ACTION TO APPROVE A REIMBURSEMENT AGREEMENT WITH TITAN DEVELOPMENT, THEN HOW DO ECONOMIC DEVELOPMENT CORPORATION FOR DEVELOPMENT AND SUPPORT FOR THE TITAN MEGASITE LAND ACQUISITION DEVELOPMENT PROCESS AND AUTHORIZE THE BOARD CHAIR TO EXECUTE THE AGREEMENT? UM, OR WE WENT THROUGH OVER THE, UH, AGREEMENT, UH, LAST MEETING AND THIS WAS TO PUT IT ACTUALLY ON THE AGENDA FOR APPROVAL. THE, UM, AGREEMENT IS TO PROVIDE, UH, LAND USE DEVELOPMENT SUPPORT TO TITAN MEGA SITE FOR THE MEGASITE LAND ACQUISITION DEVELOPMENT, AND, UH, COOPERATE AND COLLABORATE WITH THE CITY IN ORDER TO DO WHAT WE CAN TO BRING THE PROJECT TO THE FINISH LINE FOR THE QUESTIONS FOR COUNCIL, JUST FOR RECORD'S SAKE, JUST WANTED TO COMMUNICATE THAT THIS WAS REQUESTED BY TITAN. ALSO MAKE NOTE OF THAT EMOTION. I'LL MAKE THE MOTION, UM, AS STATED IN FIVE, FIVE, WE HAVE A MOTION ON THE FLOOR. SECOND, ANY FURTHER DISCUSSION ROLL CALL PLEASE. VICE CHAIRMAN, DON CARLSON [00:10:01] BOARD MEMBER, MIKE SNYDER, BOARD MEMBER RANDALL CLERK, SECRETARY CHENEY, GUMBO CHAIRMAN MIKE HARRIS MENDEZ. HERE'S YOUR SEAN LUCAS. HI, WE HAD A SIX O VOTE, BUT NO, ONE'S WILLING TO MAKE A MOTION. THAT'S FUNNY. MOTION CARRIES SIX O THERE BEING NO FURTHER BUSINESS BEFORE THE ECONOMIC DURING CORPORATION, THIS MEETING IS ADJOURNED AT SIX 50. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.