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ALL RIGHT.[(EDC) Board Meeting/(CDC) Board Meeting]
SIX 30 AND CALL THE HEAD OF ECONOMIC DEVELOPMENT CORPORATION TYPE A AND TYPE B BOARD OF DIRECTORS MEETING TO, OR ROLL CALL PLEASE.ALL RIGHT, CHAIRMAN ERIS MENEZ, NOT YET.
BOARD MEMBER COLEMAN PRESENT FOR PLEASURE.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA TO THE STANDS.
ONE NATION BUSINESS VISIBLE WITH JUSTICE.
I PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE.
ANYBODY SIGNED UP? I DON'T SEE ANYBODY.
SO WE'RE ONTO ITEM FIVE, UH, ECONOMIC, UH, DIRECTOR'S REPORT, UH, DISCUSSING THIS, UH, WITH ECONOMIC DIRECTOR, UH, PRIOR TO THE, THE MEETING, HE HAS NOTHING TO DISCUSS.
SO WE'RE GONNA GO AHEAD AND MOVE ON TO CONSENT.
AGENDA SIX ONE, CONSIDER, OR ACTUALLY ALL OF IT'S, UH, CONSIDER APPROVED CORPORATE MINUTES FOR IT.
SPECIAL CALLED MEETING ON 1 26 20 23 AND SPECIAL CALLED JOINT MEETING WITH COTTONWOOD DEVELOPMENT CORPORATION ON 2 2 20 23 AND SIX TWO.
CONSIDER AND APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT.
SO I HAD A QUESTION ON SIX TWO.
CAN WE PULL, THAT IS A SMALL QUESTION.
WE HAVE A MOTION TO APPROVE 61 BY TREASURER LUCAS, UH, SECONDED BY SECRETARY, UH, CLANCY.
UH, ITEM SIX TWO, CONSIDER AND APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT.
I JUST WANTED TO PULL IT ASIDE AND, UM, I WANTED TO DIRECT STAFF TO RUN SOME NUMBERS.
I KNOW THAT YOU GUYS ARE, UM, THERE'S A WORKLOAD, UH, IN ISSUE ON YOUR END OR MAY NOT BE.
IF YOU GUYS WOULD, YOU KNOW, KIND OF GET BACK AT LEAST WITH THE BOARD AND FROM A WORKLOAD PERSPECTIVE AT LOOKING AT POSSIBLY EVEN A TEMPORARY OR IT'S JUST A PART-TIME HIRE, UM, THAT WE MAY BE ABLE TO ADD TO THE ECONOMIC DEVELOPMENT STAFF.
UM, I WOULD LOVE TO SEE A BUSINESS CASE ON THAT.
I KNOW BASED ON MY INTERACTIONS WITH, YOU KNOW, YOU CHRISTINE, AND, UM, UM, WITH, UM, GOLLY CHENEY, YOU HAD TO LOOK AT ME TO GET THAT.
UH, I KNOW THAT YOU GUYS ARE, YOU HAVE A LOT OF WORK VOLUME WORKLOAD, UM, GOING ON, AND I WANT TO SEE IF IT MAKES BUSINESS SENSE TO LOOK AT A PART-TIME PERSON FOR YOUR TEAM.
WITH THAT, IF YOU GUYS HAVE ANY QUESTIONS ON THE FINANCIALS, I'M GOOD.
I'LL MAKE THE MOTION THEN TO APPROVE ITEMS SIX TWO AS PRESENTED.
WE HAVE A MOTION BY TREASURER LUCAS, SECOND BY SECRETARY CLANCY.
VICE CHAIR COLEMAN, OR SORRY, CARLSON AYE.
THE WRONG LINE BOARD MEMBER COLEMAN AYE.
MOTION PASSES FOUR ZERO ITEM 7.1.
CONSIDER AND APPROVE THE RESCHEDULING OF THE MARCH REGULAR MONTHLY MEETING OF THE CORPORATION FROM MONDAY, MARCH 13TH TO MONDAY MARCH 6TH TO ALLOW NEEDED TIME OR EXCUSE TO ALLOW NEEDED TIME TO PREPARE DOCUMENTS AND INFORMATION FOR H E D C ITEMS FOR THE HEAD OF CITY COUNCIL MEETING ON THURSDAY, MARCH 16TH, 2023.
I'LL MAKE THE MOTION TO APPROVE 71 AS PRESENTED.
ALL RIGHT, WE HAVE A MOTION BY TREASURER LUCAS.
SECOND BY SECRETARY CLANCY, THE ROLL CALL TREASURER LUCAS AYE.
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CONDUCT A PUBLIC HEARING ON PARADIGM METALS EXPANSION, PLEAING, UH, BOARD OUT, AS YOU KNOW, TO NUMBER BUSINESSES IN THE MARKET THAT ARE HERE AND HAVE BEEN HERE FOR SOME PERIOD OF TIME.AND NUMBER OF THEM ARE NOW REACHING A POINT WHERE IT'S TIME FOR THEM TO, UH, ONE OF THOSE IS PARADIGM METALS AND WE'VE BEEN ENGAGEMENT CONVERSATIONS WITH, UH, ON SEVERAL ISSUES.
UM, THEY HAVE A, UH, PLAN TO TRY TO COME FORWARD WITH ABOUT A 60, 70,000 FACILITY, APPROXIMATELY SIX TO SIX AND A HALF MILLION DOLLARS IN CAPITAL EXPENDITURE AND ANOTHER MILLION TO A MILLION AND A HALF BUSINESS PERSONAL PROPERTY.
THEY'LL ACTUALLY ADD ABOUT 20% MORE STAFF, UH, FIVE MANUFACTURING TYPE JOBS.
SO WE'RE GENERALLY TALKING PEOPLE THOUSAND DOLLARS A YEAR, YEAR.
UM, AND THEY WANTED TO, UH, AT LEAST HAVE US, UH, GET ON THE RECORD THE POSSIBILITY WE HAVE FOR THEM, BUT START THE 60 DAY CLOCK IN THE EVENT LINE.
CONSIDER THAT AT SOME POINT PURPOSE OF THE PUBLIC HEARING.
SO, UM, BOB, REMIND ME, HAVE, HAVE WE DONE AN AGREEMENT WITH THEM IN THE PAST? WE HAVE AT THEIR INITIAL, UH, BUILDING.
DO YOU KNOW WHEN THAT WAS? OR 2018? IT'S PROBABLY GOT ABOUT TWO OR THREE MORE YEARS TO RUN ON THE ORIGINAL AGREEMENT.
ONE OF THE THINGS, IF WE DO DO SOMETHING ELSE, WE MIGHT LOOK AT PACKAGING THAT DEAL PERHAPS THAT'S SAID IN ORDER FOR US TO CONSIDER ANYTHING.
WE DO HAVE TO START FOR GEORGE, THE PROCESS OF THE DELIBERATE DURING THAT TIME.
WE CAN'T EXECUTE AT ANY UNTIL THAT TIME.
CAN'T WORK ON STUFF RELATIVE AND 20% MORE JOBS.
HOW MANY IS THAT? UH, IT'LL BE ROUGH ESTIMATE.
50 50 NEW JOBS, YOU KNOW, THEY'RE, UH, REACTIVE APPLIED MATERIALS AND DID WE EVER, DID WE MEASURE THEM ON PERFORMANCE RANKING OR PERFORMANCE, LIKE, WELL, WAS IT PERFORMANCE BASED OR EVEN CONSIDERATION? AND I GUESS WE WOULD DOCUMENT THE PERFORMANCE DURING THAT, WHATEVER MEASUREMENT WE HAD AT THAT TIME.
UH, ONE OTHER QUESTION IS, DO WE HAVE A COMPANY IN THE CITY THAT DOES WHAT THEY DO IN THEIR INDUSTRY ALREADY? NOT TO THE, NO.
UH, THE PROBABLY PEOPLE WHO TOUCH ON CERTAIN ASPECTS OF THE, BUT NOT TO THE SUPPLIER THAT THEY, THEY WORK WITH.
THERE'S ONLY ABOUT THREE OR FOUR ENTITIES IN THE ENTIRE AUSTIN METRO AREA THAT DO ANYTHING REMOTELY SIMILAR TO WHAT PARADIGM DOES.
THERE'S I THINK THERE'S FOUR TO BE EXACT.
SO, SO AGAIN, TO THE BOARDS BY THE TIME GET TOGETHER, WE TALK ABOUT MARCUS TALK ABOUT THAT.
QUESTIONS? DO YOU HAVE TO OPEN THE PUBLIC? YEAH, COUNSEL IS I, I JUST NEED TO OPEN AND CLOSE THIS.
YOU HAVE TO OPEN THE PUBLIC MERIT MEETING SEPARATELY AND, AND THEN CLOSE THE PUBLIC.
WE'LL OPEN UP ITEM 72 FOR PUBLIC HEARING AT 6 39 AND WE'LL CLOSE IT AT SIX 40 CENTS.
ITEM EIGHT, EXECUTIVE SESSION.
THE BOARD WILL NOW RECESS THE OP OF MEETING AND, AND RECONVENE AN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 51 DO OH SEVEN ONE ATTORNEY CONSULTATION 5 51 0 8 7 ECONOMIC DEVELOPMENT AND 5 51 0 7 2 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING CITY TE'S PROJECTS AND IMPACT AND POTENTIAL BOARD'S ROLE RETAIL AND RESTAURANT INCENTIVES PENDING LEGAL ACTION AGAINST BCL L OF TEXAS.
UH, PROJECT PREMIER PROJECT STRAT THREE PROJECT V IN VICTOR, PROJECT N Q2 PROJECT GRACELAND PROJECT E S L O PROJECT, TITAN PROJECT SKYBOX PROJECT POLY PROJECT CHICAGO PROJECT E AS IN ECHO PROJECT CP TWO,
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THE MEGASITE PROJECT ACQUISITION OF COTTONWOOD DE DEVELOPMENT CORPORATION PROPERTIES, AND ANY NEW PROSPECTS FOR POTENTIAL INCENTIVE EVALUATION AND CONSIDERATION.WE ARE ENTERING EXECUTIVE SESSION AT SIX 40.
THE TIME IS 7 51 AND WE ARE RETURNING FROM EXECUTIVE SESSION ITEM NINE ONE.
DISCUSS AND CONSIDER ACTION APPROVING THE TERMS WITH ECONOMIC DEVELOP PERFORMANCE AGREEMENT WITH DEVELOPER FOR PROJECT E AND DIRECTING STAFF AND COUNCIL TO PREPARE THE PERFORMANCE AGREEMENT, FUNDING AGREEMENT AND ADOPT RESOLUTION NECESSARY FOR APPROVAL AT THE NEXT REGULAR H E D C MEETING.
THERE IS NO ACTION ON THIS ITEM.
ITEM NINE TWO, DISCUSS AND CONSIDER ACTION ON APPROVING A RESOLUTION AUTHORIZING CORPORATION TO ENTER IN AN ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT WITH THE DEVELOPER FOR PROJECT E S L O.
ENTER INTO A SALES TAX FUNDING AGREEMENT WITH THE CITY OF HU TEXAS AND AUTHORIZING THE CHAIR TO EXECUTE THE AGREEMENTS IN A FORM APPROVED BY CORPORATE COUNSEL.
OPEN FOR DISCUSSION AND OR MOTIONS.
I THOUGHT THERE WAS SOME STUFF YOU GUYS NEEDED TO WORK ON THIS OR THIS, THIS GOOD, THIS PROJECT IS, IS UP FOR CONSIDERATION AND APPROVAL.
OKAY, THEN I'LL MAKE THAT MOTION TO APPROVE NINE TWO AS PRESENTED.
WE HAVE A MOTION BY TREASURER LUCAS, A SECOND BY SECRETARY CLANCY.
MOTION CARRIES FOUR ZERO ITEM NINE THREE.
DISCUSS AND CONSIDER APPROVING A RESOLUTION AUTHORIZING THE CORPORATION TO ENTER INTO AN ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT, PROVIDING A BUSINESS RETENTION INCENTIVE GRANT TO AN AREA RESTAURANT AS, EXCUSE ME, AS DISCUSSED AN EXECUTIVE SESSION AND AUTHORIZING THE CHAIR TO EXECUTE THE AGREEMENT IN A FORM APPROVED BY CORPORATE COUNSEL, MR. CHAIRMAN, A MOTIONS TO APPROVE 93 AS PRESENTED AND AS DISCUSSED IN OUR PREVIOUS MEETING AND WITH THE CONDITIONS WE HAVE FROM OUR PREVIOUS MEETING.
OKAY, WE HAVE A MOTION BY TREASURER LUCAS, A SECOND BY SECRETARY CLANCY.
IF I CAN GET A ROLL CALL PLEASE.
MOTION CARRIES FOUR ZERO ITEM NINE FOUR.
DISCUSS AND CONSIDER ACTION APPROVING A RESOLUTION AUTHORIZING CORPORATION TO ENTER INTO AN ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT AND A PURCHASE AND SALE AGREEMENT FOR PROJECT STRAT.
UNDER THE TERMS, DISCUSS AN EXECUTIVE SESSION AND AUTHORIZING THE CHAIR TO EXECUTE ALL NECESSARY CLOSING DOCUMENTATION IF APPROVED AS TO FORMED BY CORPORATE COUNSEL TO COMPLETE THE SALE.
THERE IS NO ACTION ON THIS ITEM.
ITEM NINE FIVE, DISCUSS AND CONSIDER ACTION DIRECTING STAFF TO ADVISE THE DEVELOPER OR PROJECT PREMIER REGARDING SITE LOCATION, LAYOUT AND EASEMENTS FOR THE MEGASITE SPINE ROAD SIDEWALKS AND LOCATIONS OF MONUMENTS AND SIGNAGE FOR THE MEGASITE ADJACENT TO THE PROPOSED LOCATION AND THE PURCHASE AND SALE AGREEMENT FOR PROJECT PREMIER AS DISCUSSED AN EXECUTIVE SESSION.
THERE IS NO ACTION ON THIS ITEM.
ITEM 9.6, DISCUSS AND CONSIDER ACTION ON APPROVING A RESOLUTION AUTHORIZED IN THE CORPORATION TO OPEN A BANK ACCOUNT AT ALLIANCE BANK AND IN ACCORDANCE WITH THE REQUIRED ESCROW FUNDING FOR THE H E D C LOAN TO PURCHASE THE APPROXIMATE 250 ACRES OF LAND CURRENTLY OWNED BY THE COTTONWOOD DEVELOPMENT CORPORATION AND AUTHORIZING A SIGNER FOR THE ACCOUNT.
I'LL MAKE A MOTION TO APPROVE 96 AS PRESENTED.
WE HAVE A MOTION BY TREASURER LUCAS, A SECOND BY SECRETARY CLANCY.
MOTION CARRIES FOUR ZERO ITEM NINE SEVEN.
DISCUSS AND CONSIDER ACTION TO APPROVE TEMPORARY ACCESS TO THE MEGASITE TO AN INTERESTED CITIZEN TO PROVIDE FOR INSPECTION AND FEASIBILITY ASSESSMENT FOR THE RELOCATION OF A HOME LOCATED ON H E D C PROPERTY AS, EXCUSE ME, AS DISCUSSED IN AN EXECUTIVE SESSION AND AUTHORIZED STAFF TO DETERMINE THE ALLOWABLE TIME AND ACCESS FOR SUCH ASSESSMENT.
I'LL MAKE A MOTION TO APPROVE NINE SEVEN AS, UM, PRESENTED AND DISCUSSED IN EXECUTIVE SESSION.
WE HAVE A MOTION BY TREASURER LUCAS, A SECOND BY BOARD MEMBER COLEMAN IF WE GET A ROLL CALL PLEASE.
MOTION CARRIES FOUR ZERO ITEM NINE EIGHT.
DISCUSS AND CONSIDER ACTION ON APPROVING A RESOLUTION AUTHORIZING CORPORATION TO ENTER INTO AN
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ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT WITH THE DEVELOPER FOR PROJECT N.ENTER INTO A SALES TAX FUNDING AGREEMENT WITH THE CITY OF HU TEXAS AND AUTHORIZING THE CHAIR TO EXECUTE THE AGREEMENTS IN A FORM APPROVED BY CORPORATE COUNSEL.
THERE IS NO ACTION ON THIS ITEM.
AND WITH THAT WE HAVE NO OTHER BUSINESS.