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GUY,[(EDC) Board Meeting/(CDC) Board Meeting]
WE'LL GO AHEAD AND BRING THE, UH, MEETING OF THE HUDDLE ECONOMIC DEVELOPMENT CORPORATION, UH, TO ORDER.WE DO WANT TO WELCOME OUR NEW, UH, BOARD MEMBER MARCUS COLEMAN.
UH, HE COMES HIGHLY DECORATED.
UM, HE'S PREVIOUSLY WAS ON ECONOMIC DEVELOPMENT BOARD IN OHIO, SO HE'S GOT A, UM, A, UM, PORTFOLIO OF THINGS THAT HE'S DONE PREVIOUSLY.
SO WE'RE LOOKING FORWARD TO HAVING HIM HERE AND BEING ABLE TO, UH, UH, SHARE ALL YOUR KNOWLEDGE AND WISDOM WITH THIS BOARD.
OH, WELL, IT WAS, I'M, UH, FOR ONE, I'M NOT AN OHIO STATE FAN, SO LET'S NOT
BUT YEAH, I'M DEFINITELY, UH, EXCITED TO BE HERE AND LOOK FORWARD TO OFFERING SOME GOOD INSIGHT AND BRINGING SOME POSITIVE ENERGY AND HOPEFULLY CONTINUE ON WITH THE PATH THAT WE WANT TO SEE THE CITY THRIVE IN.
SO, THANKS FOR HAVING ME LOCAL, MARCUS.
WE'LL MOVE ON TO ITEM NUMBER THREE.
PLEDGE ALLEGIANCE, PLEDGE FLAG, UNITED STATES AMERICA, AND TO THE REPUBLIC ON THE NATION UNDER IN LIBERTY JUSTICE ONE.
NOW MOVE ON TO ITEM FOUR, PUBLIC COMMENT.
IF ANYONE'S HERE TO SPEAK TO THE BOARD, YOU'LL BE ALLOCATED, UH, UH, FOUR, UH, THREE MINUTES TO SPEAK.
NOT SEEING ANYONE COME PRESENT OR HERE.
UH, THERE ARE NO ITEMS IN FIVE.
UH, ITEM SIX ONE, CONSIDER ACTION TO APPOINT A CORPORATE SECRETARY.
UH, WE DO NOW HAVE A NEW BOARD MEMBER IN, UH, MARCUS COLEMAN, WHICH WAS BASED ON THE, UM, FORMER BOARD MEMBER THAT HAS LEFT US AND HAS GONE ON TO BIGGER AND BETTER THINGS, UH, WHO USED TO BE THE BOARD SECRETARY.
SO WE NOW HAVE TO ELECT A BOARD SECRETARY PER THE BYLAWS.
UH, COUNCIL MEMBERS ARE NOT ALLOWED TO BE ABLE TO SERVE AS OFFICERS.
UH, AND JUST KIND OF FOR EVERYBODY TO KNOW, I AM THE, UM, CHAIR AND DON CARLSON IS THE VICE CHAIR, AND SEAN LUCAS IS THE TREASURER.
SO THAT KIND OF LEAVES TWO PEOPLE TO BE THE, UM, NEXT SECRETARY FOR THE BOARD.
SO, UH, WE WILL GO AHEAD AND TAKE NOMINATIONS AT THIS TIME.
YEAH, YEAH, YOU CAN BE VOLUNTOLD AARON.
I, I'D LIKE TO, UH, RECOMMEND AARON FOR THE POSITION, BUT, UM, IS THAT SOMETHING YOU WANT? YEAH.
I'M MAKE A MOTION TO, TO APPOINT AARON.
I'LL SECOND WE HAVE ANY OTHER NOMINATIONS.
UM, I DON'T EVEN KNOW IF WE NEED A, UH, VOTE.
WELL, IF, IF IT'S A, IF IT'S BY CONSENSUS.
YEAH, JUST ASK IF ANYONE OBJECTS TO A CONSENSUS.
I DON'T, I KNOW I DON'T OBJECT TO IT.
SO, UM, SO I GUESS WE'RE GOOD.
SO NOW MAKE SURE SHE GETS A DOUBLE SHOT.
UH, THE, UH, WHAT NOW WE WANT ITEM SEVEN ONE THE BOARD WOULD NOW RECESS THE OPEN MEETING AND RECONVENE EXECUTIVE SESSION PURSUANT AT TEXAS GOVERNMENT CODE.
UH, SECTION 5 5 1 0 71 ATTORNEY CONSULTATION 5 5 1 0 8 7.
ECONOMIC DEVELOPMENT 5 5 1 0 72 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING CITYS PROJECTS IMPACTED POTENTIAL WARDROBE PROJECT, TITAN PROJECT SKY BOX PROJECT E PROJECT V MARK FOUR, PRIMERO RESTAURANT RETAIL DESTINATION INCENTIVE PROGRAM, THE MEGA SIDE AND NEW PROSPECTS POTENTIAL INCENTIVE EVALUATION AND CONSIDERATION AND TIME IS NOW 6 34 AND WE'LL ENTER INTO EXECUTIVE SESSION.
THE TIME IS NOW 8 28 AND THE, THE, UH, ECONOMIC DEVELOPMENT BOARD OF DIRECTORS ARE NOW BACK IN SESSION.
NO ACTION WAS TAKEN IN SESSION.
SO WE WANT TO ITEM 8 1 8 2, I'M GONNA COMBINE THESE TWO ITEMS. BOARD, CONSIDER ACTION ON RESOLUTION, APPRO AND AUTHORIZING THE EXECUTION OF $150,000.
INFRASTRUCTURE FUNDING AGREEMENT WITH THE CITY OF HU TEXAS.
THAT'S PROVIDED BY TEXAS LOCAL GOVERNMENT CODE SECTION 5 0 1 1 0 3 TO FUND ELECTRICITY RELATED INFRASTRUCTURE IMPROVEMENTS FOR INDUSTRIAL DEVELOPMENT ON PROPERTY
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INVOLVED IN PROJECT SKY BOX AND OTHER MEGA SIDE PROPERTIES.CONSIDER ACTION ON RESOLUTION.
IMPROVING AUTHORIZING THE EXECUTION OF AN INFRASTRUCTURE FUNDING AGREEMENT WITH THE CITY OF HUDDLE.
TEXAS IS PROVIDED BY TEXAS LOCAL GOVERNMENT CODE SECTION 5 0 1 1 0 3, NOT TO EXCEED SEVEN $50,000 TO FUND ROADWAY INFRASTRUCTURE IMPROVEMENTS, DESIGNED INDUSTRIAL DEVELOPMENT ON CORPORATE OWNED PROPERTY AND TO PROVIDE INGRESS AND EGRESS TO OTHER MEGA SITE PROPERTIES.
UH, CHAIR, IF I MAY, UM, THE, UH, WHAT WE DID IN ORDER TO RESOLVE THESE TWO ISSUES, BOTH OF THESE, UH, ISSUES RELATE TO OBLIGATIONS THAT THE ACOM DEVELOPMENT CORPORATION HAVE MADE IN CONNECTION WITH THE SALE OF THE PROPERTIES BEFORE AND, UH, WILL, UH, MEET THOSE REQUIREMENTS THAT ARE, ARE NECESSARY TO BE MET, UH, ON THE CONDITIONS THAT WE'VE CREATED.
WHEN WE EXECUTED THOSE AGREEMENTS, UH, THE, UH, UM, THE, WE TOOK THESE TWO ISSUES BECAUSE THEY WERE BOTH IN THE MEGA SITE PROPERTY ITSELF AND WERE BOTH INFRASTRUCTURE PROJECTS AND, UH, WE'VE PROVIDED OR PRESENT FOR CONSIDERATION A RESOLUTION OF THE HUDDLE COMMUNITY DEVELOPMENT CORPORATION TYPE B APPROVING AND AUTHORIZING THE CHAIR TO EXECUTE AN ECONOMIC DEVELOPMENT FUNDING AGREEMENT BETWEEN THE CITY OF HU TEXAS, THE HU ECONOMIC DEVELOPMENT CORPORATION, TYPE B PROLOG LOGISTICS SERVICES, INC.
AND HU DATA CENTER CAMPUS LLC FOR INFRASTRUCTURE IMPROVEMENTS FOR THE INDUSTRIAL DEVELOPMENT PROJECTS, TITAN, SKY BOX AND HU MEGASITE AND ALLOCATING FUNDING TO SET PROGRAM, PROVIDING FOR SEVERANCE, PROVIDING FOR REPEAL, AND PROVIDING THIS EFFECTIVE DATE EFFECTIVELY, UH, APPROVING BOTH OF THOSE PROJECTS, UH, IN, IN ONE RESOLUTION.
SO A MOTION WILL BE IN ORDER TO, UM, APPROVE THAT RESOLUTION THAT I JUST APPROVE THE RESOLUTION.
WE TAKE EIGHT ONE AND EIGHT TWO INTO ACCOUNT FOR BOTH THAT IN THAT RESOLUTION.
SO I'LL MAKE THAT, MR. CHAIRMAN, I'LL MAKE THAT MOTION.
WE HAVE A MOTION BY BOARD MEMBER LUCAS.
UM, ANY FURTHER DISCUSSION? ROLL CALL PLEASE.
UH, ITEM EIGHT THREE IS, UH, INADVERTENTLY PLACED IN THE AGENDA.
THERE'S REALLY NOTHING TO TALK ABOUT ON THE RAILROAD, UH, RIGHT OF WAY ON 79.
UH, SO THERE WILL BE NO ACTION OR CONSIDERATION OR DISCUSSION ON THAT.
UH, THERE BEING NOTHING ELSE BEFORE THIS BOARD.