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[00:00:03]

AND

[(EDC) Board Meeting/(CDC) Board Meeting]

I GOT SIX MONITORS, THOSE 6 26 30.

ALL RIGHT.

MINDSET.

SLOW.

IT IS NOW SIX 30.

UM, I CALLED THE ORDER OF THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION TYPE A AND TYPE B BOARD, UH, SESSION TO ORDER.

UH, CAN WE DO A ROLL CALL PLEASE? CHAIRMAN MIKE HARRIS, MENDEZ VICE-CHAIRMAN DON CARLSON, SECRETARY CHAINING, GUMBO, TREASURE, SEAN LUCAS HERE, BOARD MEMBER, MIKE SNYDER, BOARD MEMBER, RANDALL CLERK, BOARD MEMBER, AARON CLANCY.

WE HAVE ESTABLISHED A CORUM.

WE ALL PLEASE JOIN ME IN THE PLEDGE OF ALLEGIANCE.

I PLEDGE ALLEGIANCE TO THE FLAG UNITED STATES OF AMERICA TO THE PUBLIC, FOR WHICH IT STANDS ONE NATION UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL HONOR, THE TEXAS FLAG.

I PLEDGE ALLEGIANCE TO THEE, TEXAS ONE STATE UNDER GOD ONE AND INDIVISIBLE.

HEY, YOU STOPPED DOING YOUR GO THROUGH.

YOU DID A PAUSE.

THIS MESSED ME UP.

LET'S MOVE ON TO SECTION FOUR PUBLIC COMMENT.

DO WE HAVE ANYBODY SIGNED UP FOR PUBLIC COMMENT? YES.

GREAT.

THANK YOU.

SECTION FIVE, CONSENT AGENDA, SET A FIVE ONE CONSIDERATION AND POSSIBLE ACTION ON APPROVAL FOR THE JUNE 13TH, JUNE 22ND, JULY 11TH, 2022 ECONOMIC DEVELOPMENT CORPORATION TYPE A AND THE HADOW ECONOMIC DEVELOPMENT CORPORATION TYPE B BOARD OF DIRECTOR MEETING MINUTES.

I THINK WE HAVE SEVERAL MEETING MINUTES AND, UH, THEY PACK IT.

THAT WAS PRINTED FOR US TODAY.

I BELIEVE IT IS THE JUNE 22ND, UH, AS WELL AS THE JULY 11TH AND WE ARE MISSING THE JUNE 13TH.

SO JUST NOT READY, SIR.

THAT'S CORRECT.

THAT'S NOT READY.

OKAY.

DO YOU ALL GET THE OPPORTUNITY TO REVIEW THE MINUTES? TAKE A MOMENT OR SO IT'S ANY COMMENTS? THERE'S NO DISCUSSION A, UH, ORDER OR A, I'M SORRY.

A MOTION WILL BE AN ORDER.

I'LL MAKE A MOTION TO APPROVE THE MINUTES FROM THE JUNE 22ND AND JULY 11TH MEETINGS.

WE'VE GOT A MOTION BY SECRETARY OF GAMBA.

GOT A SECOND.

SECOND.

WE GOT, I GOT A SECOND BY BOARD MEMBER.

CLARK.

IS THERE ANY DISCUSSION? GREAT.

CAN WE, UH, HAVE, UH, WHAT IS IT CALLED? BOARD MEMBER RANDALL CLARK BOARD MEMBER, MIKE SNYDER, TREASURE SEAN LUCAS, SECRETARY CHAINING NUMBER I MOTION PASSES FOUR ZERO MOVE TO AGENDA ITEM SIX, ONE, DISCUSS AND CONSIDER ACTION ON THE HUDDLE ECONOMIC DEVELOPMENT TYPE B RESOLUTION NUMBER R DASH 2 0 2 2 DASH 0 7 1 IN SUPPORT OF PROJECT EASE REQUEST FOR A CHAPTER THREE 80 SALES TAX INCENTIVE AGREEMENT WITH THE CITY OF HUTTOE TEXAS.

AND I'M CHAIR.

I'D LIKE TO ASK THAT YOU TABLE THIS ITEM UNTIL AFTER EXECUTIVE SESSION SO THAT WE CAN DISCUSS PROJECT.

OKAY.

THERE'S NO OBJECTIONS.

WE'LL TAKE THIS UP AND IN EXECUTIVE SESSION.

GOOD.

OKAY, GREAT.

LET'S MOVE ON TO ITEM SIX, TO DISCUSS AND CONSIDER ACTION ON OR CONSIDER ACTION ON THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION TYPE A RESOLUTION NUMBER R DASH 2 0 2 2 DASH 0 6 9.

AMENDING THE BYLAWS OF THE HUDDLE, ECONOMIC DEVELOPMENT TYPE A, UM, WE CAN, IF IT'S ALL RIGHT WITH THE BOARD, UM, IF YOU'D LIKE TO OPEN 6.3 AS WELL, SO THAT WAY I CAN DISCUSS THE BYLAWS AND BOTH ORGANIZATIONS AT THE TIME, AND THEN YOU'D HAVE TO HAVE SEPARATE ACTION.

ONE FOR THE TYPE A BYLAWS.

THERE'S NO OBJECTION.

WE'LL OPEN UP SIX, THREE AS WELL, DISCUSS AND CONSIDER ACTION ON THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION TYPE B RESOLUTION NUMBER R DASH 2 0 2 2 DASH 0 7 0.

AMENDING THE BYLAWS OF THE HUDDLE, ECONOMIC DEVELOPMENT CORPORATION TYPE B.

UM, SO PROVIDED TO YOU PRIOR TO THIS MEETING WHERE A NUMBER OF DOCUMENTS WAS THE, UH, HOW DO ECONOMIC DEVELOPMENT CORPORATION RESOLUTION APPROVING THE, UH, HUDDLE, REAL ECONOMIC DEVELOPMENT CORPORATIONS,

[00:05:01]

BYLAW AMENDMENT BYLAWS.

THE BYLAWS ARE THE B BYLAWS, BUT ARE ONLY CHANGED AS REQUIRED BY LAW.

AND IN EACH OF THOSE AREAS WHERE THEY WERE CHANGED OR MODIFIED, WE DECIDED THE LAW THAT APPLIES TO THEM.

UM, SO THEY'RE VERY MINOR CHANGES, BUT WE DID THEM SO THAT YOUR CONDUCT IN MIRRORS, UH, YOU KNOW, YOUR, THE CONDUCT APPROPRIATE THAT THE B IS, UH, IS, IS APPROPRIATE NDA.

UM, IN THAT THE B IS MORE REGULATED.

UH, AND THEN WE HAVE THE, UH, FIFTH AMENDED RESTATED BYLAWS OF WHAT YOU APPROVED LAST MONTH, BUT WE FOUND A COUPLE MINOR MODERATE, OR LIKE CONFUSION IN TERMS, A COUPLE OF LITTLE THINGS THAT WE WANTED TO CLEAN UP.

AND SO WE PROVIDED THAT WITH A RED LINE, SO YOU CAN SEE THOSE, THERE ARE NO MATERIAL CHANGES, UM, IN THIS, UH, IN THE MODIFICATION FROM WHAT YOU HEARD LAST MONTH.

BUT SINCE WE HAD TO BRING THE, A, I WANTED TO BRING TO BE BACK AND PASS THEM BOTH BY RESOLUTION SO THAT YOU HAVE THE DOCUMENTATION NECESSARY TO TRACK YOUR MINUTES OR YOUR BYLAWS IN THE FUTURE.

AND SO WITH THAT, UM, UNLESS THERE'S ANY QUESTIONS, UH, UH, PRESIDENT FOR CONSIDERATION, OPEN IT UP FOR DISCUSSION.

I DON'T SEE ANYTHING.

THE ONLY QUESTION I HAD IS WHERE DID WE HAVE ANYTHING ABOUT ATTENDANCE IN THE BYLAWS OR IS IT OR NOT? IS IT SOMETHING THAT KEEPS COMING UP? YEAH, BECAUSE THE APPOINTMENT AND REMOVAL OF BOARD MEMBERS IS A CITY COUNCIL ITEM.

WE'VE NOT ATTEMPTED TO CONTROL THAT HERE BECAUSE THE CITY COUNCIL HAS THAT AUTHORITY, WHETHER WE PUT IT IN OUR BYLAWS OR NOT.

OKAY.

THE ONLY REASON I BRING IT UP IS BECAUSE THEN THAT WAY PEOPLE HAVE AN UNDERSTANDING OF WHAT THE REQUIREMENTS ARE WHEN THEY JOIN THE BOARD.

AND IF IT'S NOT WRITTEN OUT, EVEN IF IT COULD BE OVERWRITTEN BY COUNCIL, THAT'S MY ONLY THOUGHT, YEAH, I WOULD, UM, ENCOURAGE THAT YOU PREPARE OR HAVE PREPARED A KIND OF A WELCOME PACKET THAT BRINGS THAT INFORMATION TO NEW NEW BOARD MEMBERS.

UH, AND, UH, WE CAN DO AN ORIENTATION, UH, TO, UH, GET THEM INVOLVED IN THE PENDING AND ONGOING PROJECTS AND KIND OF GIVE THEM THAT, THAT FORMAL MAKE-UP, WOULDN'T TAKE MORE THAN AN HOUR, BUT IF YOU HAD A LITTLE BIT OF A DOCUMENTED, WELCOME PACKET, SO TO SPEAK TO THE BOARD, AND THEN THAT DISCUSSION WITH REGARD TO THE PROJECTS, I WOULD, I'VE FOUND THAT IN OTHER CORPORATIONS TO BE VERY HELPFUL, ANY OF THE DISCUSSION THE GEORGIA HAS, I UNDERSTAND THAT EMOTION NEEDS TO BE DONE FOR BOTH 62 AND 63 SEPARATELY, RIGHT? IF YOU WOULD, UM, THE MOTION WOULD BE TO ADOPT THE RESOLUTION THAT WAS PROVIDED FOR THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION, WHICH IS NOT TYPE A UNDER YOUR INCORPORATED DOCUMENTS.

IT'S JUST CORPORATION AUTO ECONOMIC DEVELOPER CORPORATION TYPE B IS THE CORPORATE NAME FOR THE TYPE B.

AND SO YOU COULD TAKE ACTION ON THE FIRST RESOLUTION FOR TYPE A TAKE ACTION ON THE SECOND PREDATORY TYPE FEE.

AND THIS ITEM WOULD BE BOTH ITEMS WOULD BE COMPLETED.

OKAY.

THANK YOU.

I DID HAVE ONE QUESTION.

SO AN ARTICLE THREE FOR THE OFFICERS FOR TITLES IN TERMS OF OFFICERS, IT TALKS ABOUT A TWO YEAR TERM, AND THEN THE FINE, THE FIRST PARAGRAPH FINAL SENTENCE SAYS, UH, IN JUNE OF EACH YEAR, EACH OFFICER SHALL AFFIRM THE COMMITMENT TO CONTINUE SERVING IN OFFICE AND INTO EVIDENCE.

THE OFFICER'S DESIRE TO CONTINUE IN OFFICE.

I KNOW WE TALKED ABOUT THIS BEFORE, BUT HAVE WE DECIDED ON WHO'S GOING TO DO THAT? IS THAT SOMETHING THAT NEEDS TO BE DOCUMENTED SOMEWHERE? OR HOW DO WE KEEP UP WITH THAT? WE CAN MAKE IT AN ANNUAL AGENDA ITEM AND JUST ADD IT TO THE CALENDAR IN JUNE.

OKAY.

UNTIL RECENTLY THERE WAS QUITE A BIT OF A ROLLOVER OR

[00:10:02]

TURNOVER.

THAT'S IT? ANY OTHER QUESTIONS? I MAKE A MOTION TO AMEND THE BYLAWS IN RESOLUTION OUR 2022 DASH 0 6 9 AS PRESENTED MOTION BY BOARD MEMBER CLARK GOT A SECOND CHENEY GAMBOA, OR I'M SORRY.

SECOND SECRETARY GAMBLE.

CAN WE CALL THE VOTE PLEASE? TRISHA SEAN LUCAS.

HI, SECRETARY TRAINING, UMBRELLA BOARD MEMBER, RANDALL CLERK, BOARD MEMBER, MIKE SNYDER, MOTION PASSES FOUR ZERO.

AS WE GO INTO EXECUTIVE SESSION.

I WOULD LIKE THE BOARD TO CONSIDER A MOTION TO SEEK LEGAL ADVICE UNDER FIVE BY 1.071 IN CONNECTION WITH THE ITEM A FIVE ONE, WHICH HAD TO DO WITH THE MINUTES OF THE CORPORATION.

OKAY.

WE STILL HAVE 6, 3 7 0, RIGHT? YES.

SO DID WE GET A MOTION? DID SIX, DID THAT MOTION COVER FOR SIX, THREE AS WELL? NO.

IT HAD TO BE TWO SEPARATE MOTIONS, SWEAT DOT JOHNNY ENTERTAIN A MOTION FOR 63.

I'LL MAKE MOTION TO APPROVE THE AMENDED BYLAWS TO THE ECONOMIC DEVELOPMENT CORPORATION TYPE B AS PRESENTED IN SIX THREE RESOLUTION NUMBER R DASH 2 0 2 2 DASH 0 7 0 AND A MOTION ON THE FLOOR FROM SECRETARY GAMBOA.

DO I HAVE A SECOND, SECOND, SECOND BY BOARD MEMBER.

CLARK, CAN ANY OF THE DISCUSSION, CAN YOU CALL IT A VOTE PLEASE? BOARD MEMBER, MIKE SNYDER, BOARD MEMBER, RHINO CLERK.

I TREASURE SEAN LUCAS, SECRETARY CHENEY GUMBO.

AYE.

IT PASSES FOUR ZERO.

LET'S MOVE ON TO ITEM 6.4, DISCUSS STANDARD GROUP A WORK GROUP UPDATES BY BOARD SUB COMMITTEES.

CHENEY.

DO YOU WANT TO GO FIRST? YEAH.

YES, I SURE DO.

UM, SO MARKETING UPDATE, WE WERE ABLE TO PRESENT TO CITY COUNCIL, UM, AT THEIR LAST MEETING.

UM, SIMILAR PRESENTATION TO WHAT WE DID FOR THE HUDDLE EDC BOARD HERE, UM, MYSELF AND SEAN AND BOB WERE ALL PRESENT FOR THAT.

AND I THINK IT WAS WELL RECEIVED.

I'VE HAD SOME FOLLOW-UP WITH, UH, COUNCIL MEMBER KINSEY AS WELL.

UM, SO I THINK THAT WENT WELL AND WEBSITE UPDATE VERY EXCITING.

THE SOFT LAUNCH WAS TODAY.

YES.

OKAY.

I WASN'T SURE.

LAST TIME I LOOKED AT IT, IT WAS ON FRIDAY.

SO ALLISON'S TEAM REALLY WENT THROUGH WITH A FINE TOOTH COMB AND THEN WE HAD THE OPPORTUNITY TO PROVIDE FEEDBACK AS WELL ON WHAT ED SWEET HEAD, UM, COME UP WITH TO THIS POINT AND SOFT LAUNCH WAS TODAY AND IT LOOKS GREAT.

AND THERE'S OBVIOUSLY JUST SOME FINAL LITTLE TWEAKS AND THINGS THAT WE WANT TO ADJUST, BUT ALL THE BONES ARE THERE.

ALL THE INFO, UM, THAT'S NEEDED IS THERE.

SO WE'RE EXCITED TO START GETTING THAT IN FRONT OF SOME STAKEHOLDERS AND GET THEIR FEEDBACK AND START PUTTING IT TO USE.

I HIGHLY ENCOURAGE YOU GUYS TO GO OUT THERE.

I REALLY LIKED THE PICTURES, A LOT OF THE STUFF, AND WE'RE TAKING FEEDBACK.

SO WE'D LOVE TO HEAR FROM Y'ALL IF YOU, YOU KNOW, WHAT YOUR THOUGHTS ARE ON THAT, WHAT WAS THE WEB ADDRESS? OOH, EDC DOT T I THINK SO.

HOPEFULLY IT'LL BE LINKED TO THE CITY.

IS IT SAYS GAIN KNOWLEDGE ABOUT THE CASINO WORLD.

YEAH, I THINK IT'S HUD.

OTX EDC.

IF I RECALL, LET ME, I CAN FIND THAT REAL QUICK.

AND THEN DID YOU, DID YOU WANT TO TALK ABOUT THE COMP 2040? YEAH, SO I HAD, I DO THINGS ONE TENTATIVELY.

WE HAVE A 20, 40 COMP PLAN MEETING OF AUGUST 24TH.

THAT'S WHAT I WAS JUST CHECKING, UM, ON MY CALENDAR.

UM, THE ONLY OTHER THING I WANT TO BRING UP TO THAT IS I HAVE TAKEN OVER, UH, PREVIOUSLY WE HAD A PLACE THREE WAS THE REP FOR THE CITY COUNCIL.

I'VE TAKEN THAT ROLE FOR THE 2040 COMP PLAN, WHICH MEANS I'M TECHNICALLY DOING DOUBLE DUTY.

SO IF WE WANT TO HAVE A DIFFERENT EDC MEMBER THERE, I COULD RESOLVE AND WE COULD HAVE ANOTHER PERSON PRESENT.

UM, SO THAT'S SOMETHING I WANTED TO BRING UP TO YOU GUYS.

UM, IF WE WANTED

[00:15:01]

TO DO THAT YEAH.

LET'S GET WITH MIKE AND SEE IF THAT'S SOMETHING THAT HE WANTS TO DELEGATE OUT.

OKAY.

BUT IT MAKES SENSE.

OH, SO, WELL, WE SHOULD HAVE AN UPDATE ON THAT AT OUR NEXT, AT OUR SEPTEMBER MEETING.

ANY OTHER SUBCOMMITTEES? ANY OTHER UPDATES? NOPE.

WELL, LET'S MOVE ON TO EXECUTIVE SESSION.

THE BOARD WILL NOW RECESS THE OPEN SESSION MEETING AND RECONVENE IN EXECUTIVE SESSION PURSUANT TO TEXAS CODE DEXUS GOVERNMENT CODE SECTION.

BUT IN ORDER TO TAKE THE MOTION AND ACTION TO TAKE FIVE ONE INTO THE EXEC, YOU NEED TO DO THAT BEFORE YOU RECESSED.

GOTCHA.

HOW WOULD I DO THAT THEN? AND SO IT WOULD JUST BE, UM, EITHER TO MAKE THE MOTION OR CONSIDER A MOTION, UM, TO SEEK LEGAL ADVICE IN CONNECTION WITH FIVE FLIGHT, 1.07, ONE OF THE TEXAS GOVERNMENT CODE ON ITEM FIVE, ONE, WHICH HAD WHICH, UH, THE SUBJECT MATTER IS THE MINUTES OPERATION.

I WILL MAKE THAT MOTION.

HOW'S THAT? SO YOU HAVE A MOTION ON THE FLOOR FROM SEAN OR TREASURY.

LUCAS.

DO I HAVE YOUR HERO? SECOND? I'LL SECOND.

GREAT.

OKAY.

SECOND ITEM 6, 1 5 1.

YEAH.

WE'RE PULLING INTO THE EXECUTIVE SESSION.

THANK YOU.

WAS SECOND BY SECRETARY AGAIN, BOA TO ANY OTHER DISCUSSION.

GREAT.

CAN YOU CALL THE VOTE PLEASE? SECRETARY OF TRAINING GUMBO.

I TRADITIONAL LUCAS BOARD MEMBER, MIKE SNYDER, BOARD MEMBER, RANDALL CLARK.

HI, GREG, DO WE HAVE TO HAVE ANY OTHER EMOTION TO MOVE SIX ONE OR IS IT OKAY THAT HE SAID HE'S GOING TO MOVE IT TO AFTER EXECUTIVES? I MEAN, IT, IT, IT APPEARED BY CONSENSUS, SO IT DOESN'T APPEAR THAT YOU WOULD NEED ANY OTHER ACTIONS.

OKAY.

JUST WANT TO MAKE SURE THAT MOTION PASSES FOUR TO ZERO.

WE'RE NOT GOING TO GO INTO EXECUTIVE.

YES.

SO THE BOARD WILL NOW RECESS THE OPEN SEAT, UH, SESSION, UH, MEETING AND RECONVENE IN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE, SECTION 5 5 1 0 8 7 ECONOMIC DEVELOPMENT SCOUT PROJECT, E H Q AND PROJECT D UM, AND SECTION FIVE, FIVE, ONE.ZERO SEVEN TWO REAL PROPERTY TO DELIBERATE AND SEEK THE ADVICE OF LEGAL COUNSEL REGARDING PROJECT MARK FOUR ACROPOLIS PROJECT E PROJECT R2D2 PROJECT MEGASITE TITAN UPDATE OF OFFERS TO PURCHASE LAND NEGOTIATIONS AND THE CITY OF HUDDLES REQUEST FOR THE EASEMENT EASEMENTS ON A CORPORATE OWNED PROPERTY, SEVEN TWO PURSUANT OF TEXAS GOVERNMENT CODE, SECTION 55, ONE.ZERO SEVEN ONE CONSULT WITH AN ATTORNEY TO DELIBERATE AND SEEK THE ADVICE OF ITS LEGAL COUNSEL REGARDING AN UPDATE ON SETTLEMENT NEGOTIATIONS IN HUDDLE, ECONOMIC DEVELOPMENT CORPORATION, TYPE B VERSUS BLC, B L OF TEXAS, CAUSE NUMBER TWO, TWO DASH 0 1 2 8 DASH SIERRA C FOUR TO FIVE IN THE 425TH JUDICIAL DISTRICT COURT OF WILLIAMSON COUNTY, TEXAS AND MEETING MINUTES.

AND THE TIME IS NOW 6 48 AND GO INTO EXECUTIVE SESSION.

IT IS NOW 7 54 AND, UH, WE'RE OUT OF EXECUTIVE SESSION.

NO ACTION WAS TAKEN.

WE'RE GOING TO GO TO BRING, WE'RE GOING TO RECALL, UH, AGENDA ITEMS, SIX ONE, UH, DISCUSS AND CONSIDER ACTION OF THE HUDDLE, ECONOMIC DEVELOPMENT CORPORATION TYPE B RESOLUTION, A NUMBER OUR DASH 2 0 2 2 DASH 0 7 1 IN SUPPORT OF PROJECT EASE REQUEST FOR THE THREE 80 SALES TAX INCENTIVE AGREEMENT WITH THE CITY OF HUTTOE TEXAS.

RIGHT? AND I'LL MAKE A MOTION TO APPROVE THE RESOLUTION AS PRESENTED.

WE'VE GOT A MOTION BY SECRETARY GAMBOA, HAVE A SECOND.

I'LL SECOND, THE MOTION.

SO SECOND BY THE TREASURER, LUCAS.

ANY OTHER DISCUSSION? GREAT.

UH, WE CAN CALL IT A ROLL PLEASE.

BOARD MEMBER, RANDALL CLARK BOARD MEMBER MIKE SNYDER, SECRETARY CHAINING BOOK.

I TREASURE SEAN LUCAS ITEM EIGHT TO DISCUSS AND CONSIDER ACTION TO DIRECT LEGAL COUNSEL, TO COOPERATE WITH AND CO COORDINATE THE NECESSARY AGREEMENTS IN THE AREA OF THE MEGASITE OR CORPORATE PROPERTY AND TO AUTHORIZE THE BOARD CHAIR TO EXECUTE ANY RIGHT OF ENTRY DOCUMENTS APPROVED BY GENERAL COUNSEL AS TO FORM AND PRESENT ANY NECESSARY POSSESSION AND USE AGREEMENTS OR EASEMENT AGREEMENTS TO THE BOARD FOR FINAL APPROVAL.

ONCE FINALIZED ANY DISCUSSION ON THIS, WE'RE GOING TO TAKE NO ACTION ON THIS ITEM

[00:20:02]

HEARING NO OTHER ADDITIONAL.

I LIKE TO KNOW IF WE CAN BRING, IF THERE'S NO OBJECTIONS, IF WE COULD BRING SEVEN TO OUT FOR A COMMENT AS PART OF ITEM EIGHT ONE, ANY OBJECTIONS FOR OUR GROUP? NOPE.

SO GREAT.

I'LL BRING, UH, SEVEN TWO OUT, UH, PURSUANT TO TEXAS CODE GOVERNMENT, SECTION FIVE, FIVE ONE.ZERO SEVEN ONE, UM, TO CONSULT WITH AN ATTORNEY DELIBERATE AND SEEK THE ADVICE OF ITS LEGAL COUNSEL REGARDING THE UPDATE ON SETTLEMENT NEGOTIATIONS IN THE HUDDLE, ECONOMIC DEVELOPMENT CORPORATION TYPE B VERSUS B C L OF TEXAS, CAUSE NUMBER TWO, TWO DASH 0 1 2 8 DASH C 4 25 IN THE 425TH JUDICIAL DISTRICT COURT OF WILLIAMSON COUNTY, TEXAS, TEXAS, AND MEETING MINUTES.

THAT'S FINE.

SO MY COMMENT IS MORE, UM, AND I DON'T, I DON'T INVOKE THIS TITLE MUCH UP HERE, BUT NOT ONLY IS THE MAYOR OF THE CITY OF HUDDLE, BUT ALSO AS A BOARD MEMBER OF THE EDC, IT'S A WARNING TO ALL TEXAS MUNICIPALITIES THAT HAVE EVER ENCOUNTERED BCL AS THE BANK OR ANY, UH, ANY FORM OF BCL WHEN IT COMES TO LENDING, UM, AND HELPING OUT SMALL BUSINESSES.

IN MY OPINION, THEY'RE NOTHING MORE THAN A PONZI SCHEME.

THEY'VE WITH THE, WITH THE HELP OF COMING TO US, WE TOGETHER LOANED OUT $250,000.

WE CAN NOT GET ANY DOCUMENTATION ON WHAT MONEY WE LOANED OUT TO, WHO WE LOANED IT OUT TO.

THEY KEEP GIVING US DRIVES AND DRIVES OF INFORMATION, BUT IT'S STILL MISSING THE VERY BASIC DETAILS AT ANY REPUTABLE LENDER WOULD PROVIDE, WHICH IS PROMISSORY NOTES AND DATA BACKUP BACKUP.

WE'VE HAD OVER A YEAR WITH TRYING TO GET THIS INFORMATION, UM, THE LOANS TO THE PEOPLE, WITHOUT DOCUMENTATION.

I CHALLENGE ANY ANYBODY ELSE TO FIND ANOTHER BANK THAT DOES THE EXACT SAME WAY OF DOING IT.

AND THIS IS USING TAXPAYER MONEY WHEN WE DID GET, UM, WHEN WE DID GET, UM, REPORTS, THEY WERE ON EXCEL SPREADSHEETS THAT I WOULD EQUATE TO SOMETHING THAT SOMEONE IN MIDDLE SCHOOL WOULD PREPARE.

AND EACH MONTH THE INFORMATION WAS DIFFERENT.

THAT LIKE FOR INSTANCE, THE BEGINNING BALANCE MAY BE DIFFERENT THAN THE ENDING BALANCE A MONTH BEFORE.

AND THEN THE END PROFESSIONAL CONDUCT, EVEN IN SOME COUNCIL MEETINGS, THERE, THERE, I BELIEVE IT WAS OUR CEO.

ROSA WOULD COME UP HERE AND BETWEEN, UM, HER DEMEANOR TO THE CITY COUNCIL AND ALSO HER UNPROFESSIONALISM AND YELLING AT OUR STAFF.

I MEAN, WE HAVE PEOPLE WHO WORK FOR US WHO WORKED FOR THE TAXPAYERS, WHO WERE TRYING TO GET THE BASIC INFORMATION AND TO BE YELLED AT AND TREATED THE WAY THEY ARE.

UM, SO I JUST WANT TO GIVE A, HERE WE ARE SPENDING MONEY AND TIME TRYING TO GET A QUARTER MILLION DOLLARS OF MONEY THAT WE STILL DON'T KNOW WHERE IT WENT.

EXACTLY.

AND, UM, I JUST FEEL OBLIGATED.

UM, FOR ANY OTHER MUNICIPALITY, SARAH LOOKING AT BCL TO KNOW HAVE A PEAK IN WHAT THEY'RE GETTING INTO, COME TO AN EDC MEETING WHERE EACH MONTH FOR PROBABLY THE PAST THREE OR FOUR MONTHS, WE HAVE BEEN DISCUSSING ISSUES THAT WE HAVE WITH BCL, OR YOU CAN GO TO THE 425TH JUDICIAL DISTRICT COURT AND SEE IT IN PERSON.

THAT'S ALL I HAD.

THANK YOU.

HEARING NO NEW BUSINESS.

UH, THIS MEETING IS ADJOURNED.