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ALL RIGHT.[(EDC) Board Meeting/(CDC) Board Meeting]
FIVE THIRTY ONE AND I CALL THIS, UH, HEAD OF ECONOMIC DEVELOPMENT CORPORATION.TYPE A AND TYPE B ORDER DIRECTOR'S MEETING AND ORDER ROLL CALL PLEASE.
PRESENT VICE CHAIR LUCAS PRESENT.
PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA.
I YOU TO SEE TEXAS ONE STATE UNDER FOR A SECOND.
DO WE HAVE ANYBODY SIGNED UP FOR A PUBLIC COMMENT? NOPE.
HOLD A PUBLIC HEARING TO, UH, FOR THE HUTTO HOSPITALITY HOTEL PROJECT AS LEGALLY REQUIRED FOR CONSIDERATION OF FUTURE INCENTIVES FOR THE PROJECT.
AS YOU KNOW, WHEN WE DO TAKE UP A POSSIBLE, UH, ACTION THAT MAY REQUIRE THREE 80 OR SOME OTHER INCENTIVE AGREEMENT WE DO, UH, CERTAINLY FOR THE PUBLIC, MAKE SURE EVERYBODY UNDERSTANDS WHAT WE'RE CONTEMPLATING THAT STAYS OPEN FOR, I BELIEVE, GEORGE, CORRECT ME IF I'M WRONG, BUT 60 DAYS.
AND DURING THAT TIME, IF ANYBODY FROM THE PUBLIC WANTS TO COMMENT, THEY'RE FREE TO DO SO.
THIS PARTICULAR PROJECT HAS TO DO WITH A MARRIOTT BRANDED HOTEL OF APPROXIMATELY 90 ROOMS HERE IN HUTTO.
UM, OBVIOUSLY, AND IT WOULD BE APPROXIMATELY A HUNDRED THOUSAND SQUARE FEET, UH, REVENUES OF ABOUT TWO TO TWO AND A HALF MILLION DOLLARS A YEAR IN GROSS REVENUES FOR THE COMMUNITY.
IT WOULD ADD SOME ADDITIONAL, UH, LIMITED FOOD AND BEVERAGE CAPABILITIES AND SOME MEETING ROOM SPACE AS WELL AS I UNDERSTAND IT.
AND THAT'S WHAT WE KNOW ABOUT THE PROJECT AS IT CURRENTLY STANDS.
ITEM FIVE TWO, OR I GUESS ACTUALLY, I'M SORRY, I NEEDED TO OPEN THAT.
HEARING AT 5 33 AND WE'LL CLOSE IT AT 5 34.
UH, FIVE TWO, DISCUSS AND CONSIDER ACTION TO RESCHEDULE THE CORPORATION'S JULY 24TH MEETING TO MONDAY, JULY 31ST, 2023.
UM, SO WE DO HAVE SOME, UH, SLIGHT SCHEDULING CONFLICTS, SO I AM NOT HERE THAT WEEK.
UM, SO SINCE SHE SERVES ESSENTIALLY AT THE, THE CITY SECRETARY ROLE FOR OUR MEETINGS, UM, IT WAS PROPOSED TO MOVE THE MEETING TO THE FOLLOWING WEEK, MONDAY, UH, JULY 31ST.
UM, UH, WITH THAT, OPEN IT UP.
UH, FIVE TWO TO, UH, CONSIDER RES OR RESCHEDULING OUR JULY 24TH MEETING TO MONDAY, JULY 31ST.
WE HAVE A MOTION BY VICE CHAIR LUCAS, SECONDED BY SECRETARY CLANCY.
THIS IS TO RESCHEDULE TILL, UH, OUR MEETING FOR MONDAY, JULY 31ST.
DISCUSS AND CONSIDER ACTION TO APPROVE A RESOLUTION TO RECOMMEND THAT CITY COUNCIL REVIEW AND UPDATE THE CURRENT IMPACT FEE ORDINANCE.
OH, I CAN CHAIR BOARD, UH, THE, UH, BOARD IN, IN LIGHT OF A, A LATER, UM, OR, OR ACTUALLY PART OF THE HOTEL.
AS A, AS AN EXAMPLE, WE HAVE FOUND A NUMBER OF PEOPLE, UH, SEEKING SOME TYPE OF RELIEF THROUGH THE ECONOMIC DEVELOPMENT CORPORATION, UH, IN CONNECTION WITH IMPACT FEES THAT ARE, UH, CURRENTLY CHARGED BY THE CITY OF HUTTO.
UM, WE'VE COMPARED THOSE TO OTHER AREAS, ALTHOUGH, UH, EVERYBODY IS UNIQUE IN THE, THE AMOUNT OF INFRASTRUCTURE THAT'S NECESSARY TO SUPPORT THEIR WATER AND WASTEWATER, UM, AND, UH, ROADWAYS FOR, FOR THOSE IMPACT FEES.
AND SO, UH, THIS RESOLUTION, UH, AS REQUESTED BY THE BOARD, UH, MERELY REQUESTS THAT THE CITY COUNCIL CONDUCT A STUDY AND DETERMINE IN THEIR BEST INTEREST WHETHER OUR FEES ARE APPROPRIATE AND ADJUST THEM ACCORDINGLY.
MAY YOU TAKE ACTION ON THIS, LIKE ACTUALLY DO A MOTION ON THIS OR, YEAH.
THIS, THIS WOULD BE A RESOLUTION THAT YOU WOULD, UH, ADOPT AND THEN IT WOULD BE PROVIDED, UH, TO THE CITY COUNCIL FOR THEIR CONSIDERATION.
UH, OBVIOUSLY, UH, THAT'S WHY IT'S JUST A RESOLUTION, IT'S A REQUEST.
IT'S THE WAY THE BOARD CAN TALK TO THE OTHER, TO THE COUNCIL.
SO I'LL MAKE MOTION TO APPROVE FIVE THREE AS PRESENTED SECOND.
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CHAIR LUCAS, SECONDED BY BOARD MEMBER OWENS.I KNOW IT'S FIVE 30, BUT IT IS TOO EARLY, UM, TO APPROVE AS PRESENTED.
ANY DISCUSSION? ANY FURTHER DISCUSSION? HEARING NONE.
MOTION PASSES FIVE O ITEM SIX, EXECUTIVE SESSION.
THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SE, UH, SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 51 0 7 1 ATTORNEY CONSULTATION 5 51 0 8 7 ECONOMIC DEVELOPMENT AND 5 51 0 7 2 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING THE BUTLER LOAN SETTLEMENT PROJECT.
GRACELAND HU HOSPITALITY HOTEL PROJECT, THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES.
THE TIME IS 6 0 3 AND WE HAVE RETURNED FROM EXECUTIVE SESSION.
ALSO, LET THE RECORD SHOW THAT, UH, BRIAN THOMPSON, UH, ARRIVED AT 5 38 DURING EXECUTIVE, UH, ITEM SEVEN, ONE DISCUSSING CONSIDER ACTION TO APPROVE AN ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT FOR THE HU HOSPITAL, UH, HU HOSPITALITY HOTEL PROJECT.
AS DISCUSSED, DISCUSSED AN EXECUTIVE SESSION, MR. CHAIRMAN, I'LL MAKE THAT MOTION TO APPROVE SEVEN ONE AS PRESENTED, UM, WITH THE CAVEAT OF, UH, WHAT WE DISCUSSED IN EXECUTIVE SESSION REGARDS TO LIEN POSITIONS.
WE HAVE A MOTION BY VICE CHAIR LUCAS, SECONDED BY SECRETARY CLANCY TO APPROVE THE ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT AS PRESENTED IN EXECUTIVE OR AS PRESENTED AND DISCUSSED AN EXECUTIVE SESSION REGARDING THE LIEN POSITION.
MOTION PASSES SIX OH ITEM SEVEN TWO.
DISCUSS AND CONSIDER ACTION TO APPROVE A RESOLUTION TO ENTER INTO A PURCHASE AND SALE AGREEMENT FOR PROJECT GRACELAND AS DISCUSSED IN EXECUTIVE SESSION AND AUTHORIZE THE CHAIR TO EXECUTE THE AGREEMENT AND ALL ASSOCIATED DOCUMENTS TO ENTER THE AGREEMENT.
UM, BOARD THE RESOLUTION THAT'S BEFORE YOU IS ONLY SEEKING, UH, AN ACKNOWLEDGEMENT OF AN AGREEMENT.
THERE ARE NO DUTIES OR OBLIGATIONS, UH, OF THE, OF THE BOARD IN CONNECTION WITH THIS.
WE'RE, UH, BECAUSE YOU ARE THIRD, WE'RE ON SEVEN TWO.
THAT'S WHY I THOUGHT WE SKIPPED IT.
DISCUSS AND CONSIDER, UH, AUTHORIZING THE CHAIR TO ACKNOWLEDGE A SETTLEMENT AGREEMENT BETWEEN THE COTTONWOOD DEVELOPMENT CORPORATION AND THE BUTLER FAMILY INVOLVING APPROXIMATELY 45 ACRES OF THE COTTONWOOD PROPERTIES OWNED BY THE CORPORATION.
THE RESOLUTION CAPTION IS A RESOLUTION OF THE ECONOMIC DEVELOPMENT CORPORATION TYPE B, ACKNOWLEDGING A SETTLEMENT AGREEMENT AND MUTUAL RELEASE AGREEMENT BETWEEN THE CITY OF HUTTO, TEXAS, AND BUTLER EQUITY HOLDINGS LIMITED, AUTHORIZING THE CORPORATION'S CHAIR TO EXECUTE THE SETTLEMENT AGREEMENT AS THIRD PARTY BENEFICIARY, PROVIDING FOR SEVERABILITY, PROVIDING FOR REPEAL, AND PROVIDING AN EFFECTIVE DATE.
SO, MR. CHAIRMAN, I'LL MAKE THE MOTION TO, UM, UM, AS COUNSEL PRESENTED 4 73.
ALRIGHT, WE HAVE A MOTION, UH, BY VICE CHAIR LUCAS, SECONDED BY BOARD MEMBER THOMPSON TO, UH, AUTHORIZED AS PRESENTED.
UH, ANY DISCUSSION? HEARING NONE.
MOTION PASSES SIX OH WITH NO OTHER BUSINESS.