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[(EDC) Board Meeting/(CDC) Board Meeting]
AND CALL THIS REGULARLY SCHEDULED HEAD OF ECONOMIC DEVELOPMENT CORPORATION, TYPE A AND TYPE B BOARD OF DIRECTORS.MEETING TO ORDER ROLL CALLED DON CARLSON.
SEAN LUCAS, VICE CHAIR PRESENT.
PRESENT AND, UH, EXCUSE ME, TERRENCE OWENS.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND ZERO THE REPUBLIC FOR WHICH STANDS, ONE NATION UNDER GOD AND INDIVISIBLE WITH LIBERTY AND JUSTICE.
FOR HONOR, HONOR THE TEXAS FLAG, I PLEDGE ALLEGIANCE TO THE TEXAS ONE, ONE STATE UNDER GOD.
ALRIGHT, DO WE HAVE NOTE HE SIGNED UP FOR PUBLIC COMMENT? NO, SIR.
UH, BOARD, JUST A COUPLE OF ITEMS TO BRIEF YOU ON.
WE HAVE A BUSY EXEC SESSION TONIGHT, SO I WANT TO KEEP THIS RELATIVELY SHORT.
UM, A COUPLE OF THINGS JUST TO BE AWARE OF.
I SENT AROUND TO YOU AND HOPEFULLY TERRANCE WILL, WE WILL GET YOURS IT SQUARED AWAY HERE.
BUT WILCO, EED E D C IS GONNA HAVE A ONE DAY PROGRAM OR PART DAY PROGRAM, I SHOULD SAY WITH RAY PERRYMAN, THE EXECUTIVE, UH, DIRECTOR OF, OF UH, SOME OF THE FORECAST WORK THAT GOES ON UP AT BAYLOR.
AND HE'S GONNA COME AND TALK SPECIFICALLY ABOUT THE TRENDS THAT ARE AFFECTING WIMPS AND COUNTY AND SOME OF WHAT'S GOING ON, GENERALLY SPEAKING IN THE REGION.
UM, IT'S AN 1130 TO ONE O'CLOCK, UM, PRESENTATION AND LUNCH OVER AT THE MARRIOTT IN, UH, IN ROUND ROCK.
AND JUST AN OPPORTUNITY FOR YOU TO GO AND NETWORK IF YOU WANT.
THERE'S NO CHARTS TO GO, UM, BUT IT IS A REGISTRATION ITEM.
SO THERE'S A LINK IN WHAT I SENT YOU IF YOU CHOOSE TO, TO ATTEND.
WE'RE NOT DOING A TABLE TOGETHER OR ANYTHING, BUT CERTAINLY IF, IF YOU DO COME, WE'LL WE'LL TRY TO FIND EACH OTHER AND, UH, SIT TOGETHER.
BUT AGAIN, A GOOD OPPORTUNITY JUST TO GET A BETTER SENSE OF WHAT'S GOING ON IN, IN WILLIAMSON COUNTY'S ECONOMIC DEVELOPMENT EFFORTS.
UH, SPECIFICALLY, UM, AS IT RELATES TO FOREIGN INVESTMENT.
UH, AS YOU PROBABLY KNOW, WHEN THE COUNTY WENT TO KOREA FOR THEIR FIRST TRIP, IT WAS IN APRIL.
UM, AND THEY FOUND REALLY SAMSUNG ALMOST SORT OF BEGGING THEM TO BE THERE ON A MORE REALISTIC AND RECURRING BASIS BECAUSE THERE ARE SO MANY COMPANIES THAT ARE AFFECTED BY THE SAMSUNG PLANT, MANY OF WHOM HAVE NOT DONE EXTENSIVE AMOUNTS OF BUSINESS IN THE UNITED STATES PRIOR.
SO THEY'RE KINDA LEARNING AS THEY GO.
UH, JUDGE GRAVEL TOOK THAT CHALLENGE ON AND THOUGHT IT WAS A PRETTY SERIOUS ISSUE THAT NEEDED SOME ATTENTION.
SO IN ADDITION TO SCHEDULING MULTIPLE TRIPS BACK, UM, THEY REACHED AN AGREEMENT WITH CORA, WHICH IS THEIR DEPARTMENT OF COMMERCE, BASICALLY FOR KOREA TO OPEN A PHYSICAL PRESENCE AND REPRESENTATION IN SEOUL.
AND SO THAT OFFICE IS NOW OFFICIALLY OPENED.
DIDN'T COST US ANYTHING BY THE WAY, UM, AS A E D C PARTICIPANT, BUT AS PARTICIPANTS IN WILCO, WE DO GET TO TAKE ADVANTAGE OF THAT GROUP AND WE'RE ALREADY STARTING TO SEE SOME, UH, RETURNS ON, ON EARLY, UH, PROJECTS THAT ARE COMING OVER.
WE HAD A TESLA SUPPLIER HERE LAST WEEK, UH, THAT WAS A KOREAN FIRM AND THEY'RE DOING ALL THE GROUNDWORK FOR OUR SEPTEMBER VISIT.
SO RIGHT NOW THE STAFF, UH, FROM MY MYSELF AND, AND OBVIOUSLY SOME OF THE ROUND ROCK GEORGETOWN, UH, FOLKS AS, AS WELL AS THE COUNTY ARE GONNA BE GOING SEPTEMBER, MID-SEPTEMBER.
UM, AND I'LL HAVE A FULL REPORT FOR YOU AT THE AUGUST MEETING AS TO WHAT'S COMING UP FOR THE INDIVIDUAL MEETINGS.
BUT JUST A COUPLE OF REALLY, REALLY QUICK HIGHLIGHTS.
WE'RE GONNA DO AN INVEST IN WILLIAMSON COUNTY DAY, WHICH IS BASICALLY ALL COMERS SET UP BY CORA FOR ANYBODY IN IN THE, UH, KOREAN BUSINESS COMMUNITY THAT WANTS TO GET TO KNOW US A LITTLE BIT BETTER IN CENTRAL TEXAS.
WE HAVE THREE DAYS OF MEETINGS WITH SAMSUNG SUPPLIERS THAT SAMSUNG IS SETTING UP AND ONE DAY, UM, WITH AUTO RELATED PLANT, UH, AND SUPPLIER OPPORTUNITIES AS WELL.
SO IT'LL BE A BUSY FOUR OR FIVE DAYS, UH, OF ACTIVITY, BUT A GOOD CHANCE FOR US TO GET A SENSE OF HOW THAT PIPELINE IS LOOKING AND HOW TO ACCESS IT IN A MORE PROACTIVE FASHION.
SO, UM, SHOULD BE A GOOD TRIP AND I'LL HAVE MORE DETAILS FOR YOU AT THE NEXT, THE NEXT MEETING.
SO, UM, YOU'RE GOING BASICALLY TO SEE WHAT TYPE OF KOREAN COMPANIES MIGHT BE COMING OVER TO SUPPORT SAMSUNG? CORRECT.
IS THERE PARTICULAR COMPANIES THAT YOU'RE GOING TO VISIT WITH, UM, LINED UP? WELL, SAMSUNG'S DOING MOST OF THE IDENTIFICATION BECAUSE THEIR SUPPLIERS ARE, ARE THE ONES THAT WE'RE TALKING TO ARE PEOPLE WHO ARE IN THEIR FIRST PHASE OF SUPPLIER NETWORK.
UM, SO THEY'RE KIND OF SELF-SELECTING THE COMMUNITIES OR THE UH, COMPANIES RATHER.
SO ARE THESE COMPANIES INTERESTED IN PURCHASING LAND ACROSS THE WAY FROM SAMSUNG, LIKE LAND THAT WE OWN? IS THAT THE REASON WHY THEY'RE GONNA WANT TO, MANY OF THEM ARE GONNA WANT TO BE WITHIN
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A SHORT PROXIMITY TO THE MAIN PLANT.SO IF NOT OUR LAND, CERTAINLY SOMEWHERE IN THE, IN THAT AREA, BUT BECAUSE WE'RE OURS IS CONTROLLED AND READY TO GO, WE WOULD EXPECT TO GET MORE THAN A COUPLE OF BITES IF YOU WILL.
IS THAT THE MAIN PURPOSE THEN NOT JUST UNDERSTANDING THEIR SUPPLIERS AND LIKE WHAT THEY DO BUT, UM, LAND SALE IT? WELL, IT'LL CERTAINLY BE MORE ABOUT RELOCATION INTO, INTO THE REGION, YES.
I THINK THAT WAS WHERE MY QUESTION WAS.
SO WILCO IS KIND OF OUR LIAISON FOR ALL OF CENTRAL TEXAS, SO TO SPEAK, TO MEET WITH SAMSUNG SUPPLIERS.
BUT SO SAMSUNG IS KIND OF THEIR LIAISON TO WITH THE WILCO WITH THE E D C? CORRECT.
SO SO THEIR SUPPLIERS ARE GOING TO SAMSUNG'S, SAMSUNG'S TAKING 'EM, TAKING 'EM TO, OKAY.
AND, AND WHAT, WHAT SAMSUNG'S REALLY LOOKING FOR, I GUESS IN THIS FIRST VISIT IT BECAME, IT BECAME OBVIOUS THAT SOME OF THE COMPANIES THAT ARE COMING OR POTENTIALLY COMING BECAUSE THEY AREN'T NECESSARILY HAVE HEAVILY EXPERIENCED IN DOING SITE SELECTION AND THAT SORT OF THING IN THE US, THEY NEED SOME ADDITIONAL KIND OF HANDHOLDING IF YOU WILL.
UM, SO IN ORDER FOR MATT THAT TO BE EFFECTIVE THERE HAS TO BE SOME DIRECT CONTACT.
UM, SOME OF IT'LL BE COMING HERE SO IT'S NOT LIKE WE'RE GOING TO UH, HAVE TO GO, YOU KNOW, EVERY MONTH, BUT THERE IS CERTAINLY GONNA BE SOME ADVANTAGE TO HAVING SOME PHYSICAL PRESENCE THERE AND SHOWING OUR GOOD FAITH AND INTEREST IN THEIR PROJECTS.
BUT AGAIN, WE'LL PROBABLY SEE, I THINK THEY ORIGINALLY TOLD, UH, THE COUNTY WHEN THEY WENT IN APRIL THAT THERE WERE SOMETHING CLOSE TO 200 COMPANIES FOR WHICH THEY HAVE A RELATIONSHIP THAT THEY'D LIKE TO HAVE SOME LEVEL OF THAT, UH, RELATIONSHIP MAINTAINED IN THE STATES.
UH, SOME ALREADY HAVE OPERATED HERE AND ARE COMFORTABLE WORKING IN THE US SOME HAVE NOT AND THEY'RE, YET THEY'RE INTEGRAL TO SAMSUNG'S EXPANSION, WHICH AGAIN COULD BE, THEY'RE BUILDING ONE FAB NOW, BUT THERE COULD BE AS MANY AS EIGHT FABS, UH, IN THE FUTURE.
SO IT'S, IT'S A VERY, VERY LARGE AND COMPLICATED AND LONG TERM, UH, PROCESS.
SO THOSE ARE MY ITEMS. THANK YOU SIR.
ITEM SIX ONE DISCUSSED AND CONSIDER ACTION REGARDING CORPORATION FINANCIAL STATEMENTS FOR JUNE, 2023.
SO THIS WAS ORIGINALLY ON SUPPOSED TO BE ON CONSENT.
UM, I APOLOGIZE THAT THIS DIDN'T MAKE IT TO YOU IN A TIMELY MANNER.
UH, IT IS NOW AVAILABLE ON YOUR DROPBOX OR IT'S IN THE LINK IN THE, THE LINK.
SO IF YOU HAVE TIME TO REVIEW LATER ON AND HAVE ANY QUESTIONS, YOU'RE ALWAYS FREE TO EMAIL ME.
UM, I DIDN'T REALLY HAVE A FORMAL PRESENTATION PREPARED.
UM, IT WAS A RELATIVELY, JUNE WAS A RELATIVELY ROUTINE MONTH.
UM, JUST PROFESSIONAL SERVICES FOR THE DIRECTOR AND ASSISTANT DIRECTOR, UH, LOAN PAYMENTS TO ALLIANCE BANK.
AND THE ONLY THING OUT OF THE ORDINARY WAS THE ANNUAL PAYMENTS FOR, UM, THE EDCS CONTRIBUTION TO THE TSS, WHICH IS 50% OF SALES TAXES THAT ARE THE E D C RECEIVES FROM THE CO-OP OUT HERE GETS REINVESTED INTO THE TOUR, THE TOURS.
AND THAT WAS IN THE AMOUNT OF $24,364.
UM, OTHER THAN THAT IT WAS A, LIKE I SAID, A ROUTINE MONTH.
BUT IF YOU HAVE ANY SPECIFIC QUESTIONS, UM, I'M HAPPY TO ANSWER THEM NOW OR LATER VIA EMAIL.
ALRIGHT, WE HAVE NOTHING UH, ON THE AGENDA ITEMS RIGHT NOW.
SO EXECUTIVE SESSION, THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SESSION, UH, BOARD, UH, CHAIR.
UM, I'D LIKE TO MAKE A MOTION TO PULL ITEM 9.8 OUT OF EXECUTIVE.
I THINK THAT ITEM HAS BEEN DISCUSSED AT LENGTH AND UM, THE AGREEMENTS, I MEAN THEY'VE ALL BEEN MADE PUBLIC AND SO I DON'T SEE A REASON FOR, FOR PULLING IT OR FOR HAVING IT IN EXECUTIVE.
SO JUST ONE LESS THING TO DISCUSS BACK THERE WOULD LIKE TO PULL IT.
UM, MY UNDERSTANDING IS THAT THERE IS NEW INFORMATION THAT WILL BE PRESENTED THIS EVENING.
SO I THINK THAT NEEDS TO BE PRESENTED FIRST IF SOMEBODY WANTS TO MAKE A MOTION TO OR TO SECOND THAT OR MORE THAN WILLING OR MORE THAN ABLE TO DO.
I WAS NOT AWARE OF THE ADDITIONAL INFORMATION.
I DON'T THINK THERE'S ANY NUMBER EXCHANGED FROM WHAT Y'ALL WERE SAYING.
OH, FROM LAST TIME IT WAS SENT TO Y'ALL MM-HMM.
LEMME THINK ABOUT THAT BECAUSE STICKY SENSATION LAST TIME.
I WOULD AIR ON THE SIDE OF CAUTION, I WOULD PROBABLY SHOW GREAT.
NO, AND THANK YOU STAFF FOR YEAH.
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SETTING ME STRAIGHT.I, I'M, I'M LIKE, I'M I'M WITH YOU THOUGH.
LIKE THIS IS, THERE'S, THERE'S BEEN A LOT WITH THAT, RIGHT? RIGHT.
AND, AND YES, IT'S BEEN VERY PUBLICIZED SO I, I WANNA PUT IT TO BED JUST AS MUCH AS EVERYBODY ELSE.
UM, ALRIGHT, SO TIME IS SIX 40 FOR RECESS OPEN MEETING AND RECONVENE EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0 7 1 ATTORNEY CONSULTATION 5 5 1 0 8 7 ECONOMIC DEVELOPMENT AND 5 5 1 0 7 2 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING RETAIL AND RESTAURANT INCENTIVES.
PROJECT GRACELAND PROJECT TITAN PROJECT DC TWO PROJECT EQUAL PROJECT H W B PROJECT SLO SPINE ROW CONSTRUCTION PROJECT, THE MEGASITE PROJECT, THE COTTONWOOD PROPERTIES ABILITY TO INCENTIVE THE HIPPO ENTERTAINMENT AND EVENT CENTER, THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES, THE KEEPING OF THE BOARD OF DIRECTORS MEETING MINUTES AND DELIBERATE WITH LEGAL COUNSEL REGARDING COMPLIANCE WITH ORDINANCE O DASH SEVEN DASH ZERO SEVEN, DASH 20 DASH NINE C AND THE ADOPTION OF CONTRACTUAL TEMPLATES.