[00:00:01]
[(EDC) Board Meeting/(CDC) Board Meeting]
OKAY.I CALL HU HATO ECONOMIC DEVELOPMENT CORP.
TYPE A AND B, BOARD OF DIRECTORS MEETING INTO SESSION.
I HAVE TO DO IT AGAIN, OTHERWISE I WON'T RECORD.
CHAIR CARLSEN, VICE CHAIR LUCAS HERE.
UH, PLEASE JOIN ME IN THE PLEASURE ALLEGIANCE.
A PLEASURE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA.
AND TO THE REPUBLIC FOR WHICH IT STANDS.
ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE.
I HAVE PLEDGE ALLEGIANCE TO Z TEXAS.
ONE AND INDIVISIBLE PUBLIC COMMENT.
UM, DID Y'ALL HAVE A TIME TO READ THE AGENDA ITEMS? ARE THERE ANY THAT YOU WOULD LIKE TO PULL OFF? YOU KNOW, I'D LIKE TO PULL OUT FIVE THREE, IF THAT'S OKAY.
AND DISCUSS IT AFTER EXECUTIVE SESSION.
OKAY, WE'RE MOTION TO PULL OFF AGENDA 5.3.
SO IF, IF THERE'S, GIMME A SECOND.
IF THERE IS NO OBJECTION TO THE REORGANIZATION OF IT, THEN UM, YOU CAN DO IT WITHOUT A VOTE.
WELL THEN I'LL MAKE THE MOTION TO APPROVE A CONSENTED ITEMS. OH, I'M SORRY.
FIVE ONE AND FIVE TWO AS PRESENTED.
UM, APPROVED BY LUCAS, SECONDED BY THOMPSON.
DO YOU WANNA WAIT FOR HIM TO SIT OR NO? DO YOU WANT TO ADD THE TIME? SAY THE TIME.
THE TIME IS 6 32 AND OWENS HAS JOINED US.
SO, TERRENCE, WE'RE ON CONSENT.
AGENDA ITEMS, WE'VE, UH, MADE A MOTION AND A SECOND FOR CONSENT ITEM BY ITEM FIVE ONE AND FIVE TWO TO BE APPROVED AS SUBMITTED.
IT IS THERE IF YOU HAVE ANY QUESTIONS.
MOVING ON, MOVING ON TO AGENDA ITEM 6.1.
DISCUSSION OR DISCUSS AND CONSIDER ACTION REGARDING THE OCTOBER MEETING SCHEDULE OF THE CORPORATION, UH, BOARD.
THIS IS AN OPPORTUNITY FOR Y'ALL TO PROACTIVELY RESCHEDULE YOUR MEETING SCHEDULED CURRENTLY FOR, UH, OCTOBER 9TH.
UM, SO A COUPLE OF OPTIONS TO PRESENT TO YOU IS TO CANCEL THAT MEETING AND ONLY HAVE THE ONE MEETING IN OCTOBER.
UM, OTHERWISE WE CAN RESCHEDULE TO THE 16TH AND 30TH.
SO WE'RE MAINTAINING THAT, UH, WEEK IN BETWEEN.
UM, THOSE ARE SOME OPTIONS, BUT Y'ALL ARE WELCOME TO WHIP OUT THE OLD CALENDAR AND SEE WHAT YOU'D LIKE TO PROPOSE.
WILL IT BEEN SO FAR ASIDE AHEAD? UH, THERE'S NOTHING ON THE AGENDA RIGHT NOW, SO IT LOOKS LIKE A VERY CLEAN AGENDA AND THAT, UH, I, I, I PERSONALLY, MY, I'M IN FAVOR OF JUST SKIPPING THAT MEETING AND DOING IT ON THE 23RD, BUT THAT'S JUST ME.
ANY OTHER GUYS? ANYBODY ELSE? GOOD.
SO DO YOU NEED A MOTION ON THAT? MM-HMM.
WHEN I MAKE A MOTION TO JUST SKIP THE, UH, MEETING OF OCTOBER THE NINTH FOR, UH, 2023 AND JUST RECONVENING ON THE 23RD OF THAT MONTH.
DO WE HAVE A MOTION? SEAN? AND THEN SECOND WITH SEAN AND MINTON.
ANY DISCUSSION? ANY DISCUSSION? ROLL CALL PLEASE.
[00:05:01]
MOTION PASSED.THE BOARD WILL NOW RECESS THE OPENING MEETING AND RECONVENE AN EXECUTIVE SECTION PURSUANT OF TEXAS GOVERNMENT CODE SECTION 5 5 1 0.071 ATTORNEY CONSULTATION 5 5 1 0.087 ECONOMIC DEVELOPMENT AND 5 5 1 0.07.
TWO REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING RESTAURANT AND RETAIL INCENTIVES.
THE MEGA, THE MEGA SITE AND RELATED PROJECTS.
THE COTTONWOOD PROJECT'S ABILITY TO INCENTIVIZE THE HU OR THE HIPPO, UM, ENTERTAINMENT AND EVENT CENTER, AND THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES AND PROMOTIONAL OPPORTUNITIES.
WE'RE BACK FROM EXECUTIVE SESSION.
I'D LIKE TO RECALL 5.3, DISCUSS AND CONSIDER ACTION REGARDING THE MEGASITE WATERLINE EASEMENT REQUESTS IN SUPPORT OF THE MEGASITE WATERLINE PROJECT ON THE CORPORATION OWNED BY, UH, OWNED PROPERTY AT THE MEGASITE.
I'LL MAKE A MOTION TO APPROVE AN IRREVOCABLE POSSESSION AND USE AGREEMENT FOR THE EASEMENTS, ERVING ISSUES OF COMPENSATION.
AND AUTHORIZE THE CHAIR TO EXECUTE THE IRREVOCABLE POSSESSION AND USE AGREEMENTS APPROVED AS TO FORM BY OUR LEGAL COUNSEL AND AUTHORIZE THE CHAIR TO EXECUTE THE, UH, EASEMENTS CONDITIONED UPON THE CORPORATION RECEIVING REASONABLE COMPENSATION FOR THE EASEMENTS IN AN AMOUNT DISCUSSED IN EXECUTIVE SESSION.
SO MOTION BY, UM, APPROVED BY VICE CHAIR LUCAS.
SECONDED BY BOARD MEMBER OWENS.
ANY DISCUSSION? ANY DISCUSSION? ROLL CALL.
UM, ACTION RELATED TO EXECUTIVE SESSION 8.1.
DISCUSSION AND CONSIDER ACTION REGARDING THE PLANNING AND DEVELOPMENT OF THE LAND KNOWN AS COTTONWOOD PROPERTIES OWNED BY A HU ECONOMIC DEVELOPMENT CORPORATION DISCUSSING.
IS THIS WHERE WE'RE JUST GIVING YOU GUYS DIRECTION ON WHAT NEEDS TO HAPPEN? I THINK SO.
WE GAVE YOU GUYS DIRECTION IN EXACTLY COPY HERE.
SORRY, CAN YOU JUST REITERATE WHAT WAS DIRECTED? SO FOR PUBLIC RECORD, THE, WE WROTE THAT DOWN
SO WE'D LIKE STAFF TO GO TO THE, I'D LIKE TO MAKE A MOTION TO NO, IT, IT WOULD JUST BE A DIRECT THE DIRECTION ISSUE.
SO I'D LIKE TO DIRECT STAFF TO, UH, PURSUE THE, UM, DEVELOPMENT OF THE COTTONWOOD PROPERTIES, THE DEVELOPMENT THAT WAS DISCUSSED IN CLOSED SESSION COTTONWOOD FROM REGARDING THE COTTONWOOD PROPERTIES.
AND THE, DO YOU WANNA IDENTIFY THE GENERAL LOCATION OF THE, THE, UH, I DON'T WANT TO, I DON'T.
8.2, DISCUSS AND CONSIDER ACTION REGARDING AN INCENTIVE AGREEMENT FOR PROJECT HIPPO ENTERTAINMENT AND EVENT CENTER.
UH, I MAKE A MOTION TO POSTPONE INDEFINITELY.
APPROVED BY BOARD MEMBER OWENS, SECONDED BY VICE CHAIR LUCAS.
UM, DISCUSSION, UH, JUST TO, JUST TO RE REITERATE THAT WE ARE POSTPONING INDEFINITELY.
THIS ACTION ITEM INDEFINITELY ROLL CALL BOARD MEMBER MINTON AYE.
HEARING NO BUSINESS HEARING, NO MORE FURTHER BUSINESS.
OH, I, UH, CHAIR, I HAD A FUTURE AGENDA ITEM I'D LIKE TO BRING UP.
[00:10:02]
WITH, UH, THE CITY GOING THROUGH OUR BUDGETS AND GOING THROUGH, UM, YOU KNOW, SETTING A TAX RATE, ET CETERA, UM, I THINK THAT WE AS A BOARD NEED TO BE FISCALLY RESPONSIBLE WITH, YOU KNOW, WHAT WE ARE BUDGETING OUT.UM, AND SO I'D LIKE FOR STAFF TO COME BACK WITH, UM, UM, CONTRACTS FOR OUR CONTRACTUAL SERVICES AS WELL AS, UM, OUR CONTRACTS FOR, FOR DEBT SERVICES AS WELL, UM, FOR US TO REVIEW AS AN E D C BOARD.
STAFF? YOU GUYS GOT THAT DIRECTION THEN? YES.
OR DO YOU NEED CLARIFICATION? YEAH, CLARIFYING QUESTION.
ARE YOU TALKING ABOUT LIKE ALL OF OUR PROFESSIONAL SERVICES? LIKE OUR, I DON'T THINK YOUR MIC'S ON.
OH, FOR THE LOVE OF THE LORD? NO, IT IS, IT'S JUST I'M NOT, I'M NOT CLOSE ENOUGH TO IT.
UH, JUST TO CONFIRM, YOU'RE TALKING ABOUT LIKE OUR PROFESSIONAL SERVICES LINE? ALL OF OUR EXISTING CONTRACT.
I JUST WANNA MAKE SURE I'M PULLING PROPERLY.
ANY FURTHER? UM, AGENDA ITEMS OR BUSINESS? OKAY.