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[(EDC) Board Meeting/(CDC) Board Meeting]
ALL RIGHT.I CALL THIS REGULARLY SCHEDULED.
HU DO ECONOMIC HU DO ECONOMIC DEVELOP CORPORATION TYPE A AND TYPE B BOARD.
PRESENT VICE CHAIR LUCAS PRESENT.
WE DO HAVE QUORUM ONTO THE PLEDGE.
PLEDGE 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 PLEDGE AGENCY TEXAS ONE STATE UNDER GOD ONE AND INVISIBLE.
DO WE HAVE ANYBODY SIGNED UP FOR PUBLIC COMMENT? NO, SIR.
WITH THAT WE WILL MOVE ON TO ITEM FIVE ONE.
STAFF WILL PROVIDE UPDATES ON CRITICAL PROJECTS INCLUDING SPINE ROAD CONSTRUCTION PROJECT, COTTONWOOD PROPERTIES, MASTER PLANNING, HOW TO OR WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP EVENT RECAPS, UPCOMING EVENTS, BUSINESS RETENTION AND EXPANSION PROGRAM AND BUDGET IMPLEMENTATION.
SO THE FIRST UPDATE WE HAVE IS, UM, ON OUR SPINE ROAD AND JORDAN FOSTER CONSTRUCTION WENT OUT AND MADE US A VIDEO TO SHOW THEIR PROGRESS AND OUR VERY OWN IN-HOUSE.
KATIE MCGAHA EDITED THIS FOR US AND THERE'S PROBABLY NOT SOUND 'CAUSE I DON'T KNOW HOW TO MAKE THAT WORK, SO JUST ENJOY THE SILENCE.
UH, SO AS YOU CAN SEE FROM THAT VIDEO, UH, JORDAN FOSTER AND THEIR SUBS HAVE BEEN VERY BUSY OUT THERE AND HAVE CUT, UM, THE ROAD ALL THE WAY TO THE ROUNDABOUT AND THEY ARE WORKING NOW ON THE, OR ON THE ROAD SEGMENT WEST OF THE ROUNDABOUT.
SO UP ALONG TITAN'S PROPERTY, THEY'VE CUT THE CHANNEL FROM THE SPINE ROAD DOWN TO THE DETENTION POND AND ARE WORKING ON THE CHANNEL, UM, ALONG THE SOUTH BORDER OF THE EDC PROPERTY AND THEN ON THE EDGE OF THE PROJECT SQL PROPERTY UP TO, UH, TITAN PROPERTY AGAIN.
SO LOTS OF PROGRESS AND WE'RE REALLY PLEASED DESPITE ALL THE RAIN THEY ARE ON SCHEDULE, THEY'VE BEEN WORKING WEEKENDS TO MAKE SURE THAT THEY STAY ON SCHEDULE.
UM, SO REALLY KUDOS TO YOU GUYS FOR SELECTING A STRONG PARTNER 'CAUSE THEY'VE BEEN VERY COMMUNICATIVE.
WE HAVE WEEKLY CALLS WITH THEM, SO, UM, THAT INCLUDES OUR CITY ENGINEER TEAM AS WELL.
SO THEY GET WEEKLY UPDATES, WEEKLY PIVOTS, WHATEVER NEEDS TO HAPPEN.
UM, THEY BRING AN AGENDA TO EVERY CALL AND ANY OUTSTANDING ITEMS ARE, UM, EASILY VISIBLE FOR EVERYBODY TO SEE.
IF WE'RE ABLE TO CLOSE STUFF OUT, IT GETS CLOSED IMMEDIATELY.
LIKE REALLY RESPONSIVE AND UM, REALLY DOING A GREAT JOB SO FAR.
SO WE'RE, WE'RE HOPEFUL THAT THIS IS THE CONTINUED PATH FORWARD FOR THE FULL EXECUTION OF THE PROJECT, BUT JUST WANTED TO SHARE THAT VIDEO AND THAT FEEDBACK WITH YOU GUYS.
DO WE HAVE ANY QUESTIONS ON THAT ONE? I KNOW IT'S A BIG ONE.
THAT'S A LOT OF WORK IN A VERY SHORT AMOUNT OF TIME.
'CAUSE I THINK WE DID THE GROUNDBREAKING LITERALLY A MONTH AGO TODAY.
SO EXCITED TO BRING THAT, THAT UPDATE.
UM, AND THEN COTTONWOOD PROPERTIES, JUST A SMALL UPDATE THERE.
UM, WE'RE CONTINUING OUR COMMUNICATION WITH MIDWAY AND WORKING THROUGH SOME REQUESTED INFORMATION AND DOCUMENTS AND THE GOAL IS TO BRING AT LEAST TERMS, IF NOT A DRAFT CONTRACT TO YOU ALL FOR CONSIDERATION, UM, ON YOUR MARCH MEETING.
SO THAT'S WHAT WE'RE WORKING TOWARDS THERE.
SO I ATTENDED ICSE RED RIVER ON, UH, FEBRUARY 1ST UP IN DALLAS.
UH, JUST WENT UP FOR THE DAY AND CAME BACK.
WE HAD COUNCIL THAT NIGHT, SO
UM, BUT THERE WERE SOME REALLY GOOD LEARNING SESSIONS THERE.
UM, SO REALLY GOOD OPPORTUNITIES THAT I'LL SHARE WITH Y'ALL AND MIDWAY AS WE START TO IMPLEMENT, UH, THE PLANNING PROCESS FOR THE COTTONWOOD PROPERTIES.
ONE THING IN PARTICULAR I THOUGHT WAS REALLY NEAT.
THEY HAD A FULL SEGMENT ON ENTERTAINMENT, WHICH IS KIND OF A NEW SUBSEGMENT.
IT'S ALL OF THE PLACES THAT, UM, MAY HAVE STARTED OFF AS JUST AN ENTERTAINMENT VENUE AND THEN ALSO SERVED FOOD, BUT HAVE REALLY SHIFTED INTO WHAT WE'RE SEEING WITH LIKE, UH, SCRATCH KITCHENS AND LIKE FULL SERVICE, UM, MENUS AND RESTAURANTS AND, YOU KNOW, UH, SPECIALTY DRINKS AND THINGS LIKE THAT THAT WE'RE SEEING.
SO I WAS ABLE TO CONNECT WITH SOME OF THE PANELISTS ON THERE.
UM, AND SO WE WILL MAKE SURE THAT, THAT WE LOOP THEM IN WHEN IT'S TIME TO START REALLY GETTING INTO WHAT TYPE OF, UM, BUSINESSES WE WANNA BRING TO THE COTTONWOOD PROPERTIES.
UM, WORLD HIPPO DAY IS THIS THURSDAY FROM FOUR TO SIX AT CITY HALL.
SO IF Y'ALL ARE, UH, ABLE TO ATTEND, PLEASE DO.
THAT'S ALWAYS A FUN COMMUNITY EVENT.
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TCS WINTER CONFERENCES NEXT WEEK AND KRISHNA'S GONNA BE ATTENDING THAT CONFERENCE DOWN IN SAN ANTONIO.UM, IN REVIEWING THE AGENDA FOR THAT CONFERENCE, THERE'S A LOT OF BRE CONTENT.
SO AS OUR BUSINESS BUSINESS RETENTION AND EXPANSION
SO WE'LL LOOK FORWARD TO SEEING WHAT SHE LEARNS AND BRINGS BACK SO THAT WE CAN IMPLEMENT INTO OUR PROGRAM HERE.
UH, WILCO ECONOMIC DEVELOPMENT PARTNERSHIP.
SO, UM, THIS WAS A NEW PARTNERSHIP THAT Y'ALL ENTERED INTO LAST YEAR AND SO I DID WANNA BRING YOU GUYS BACK SOME UPDATES, UH, ABOUT THAT, UM, PARTICIPATION IN THAT GROUP.
SO HUDU ACTUALLY HOSTED THE JANUARY BOARD MEETING FOR WILCO EDP, UM, WHICH WAS GREAT.
IT WAS THE FIRST TIME HUDU HAD HOSTED AND THEN A SMALL DELEGATION OF THE PARTNERSHIP JUST RETURNED FROM KOREA.
THEY WERE ABLE TO FOLLOW UP AND CONNECT WITH ONE OF THE PROSPECT, UH, PROJECTS THAT WE WERE, UM, COMMUNICATING WITH FOR THE LAST FEW MONTHS.
SO GRATEFUL THAT THEY WERE ABLE TO MAKE THAT CONNECTION AND FOLLOW UP.
AND THEN WE SHOULD GET A FULL REPORT BACK FROM THEM, UH, AT THEIR FEBRUARY MEETING ON THE 23RD OR HOUR I SHOULD SAY.
UM, WE ALSO MET LAST WEEK, UM, JUST A SMALLER GROUP OF US AS WELL TO TALK ABOUT A HIGHWAY 79 CORRIDOR STUDY.
AND WHAT THIS WOULD ENTAIL IS, UM, A, A COMPREHENSIVE STUDY OF THE ENTIRE 79 CORRIDOR FROM ROUND ROCK ALL THE WAY OVER TO COLLEGE STATION.
UM, AS WE LOOK TOWARDS THE FUTURE OF GROWTH OPPORTUNITIES, WE ARE SEEING CERTAIN THINGS COMING ONLINE IN ROCKDALE, UM, AND THRA AND YOU KNOW, OBVIOUSLY TAYLOR IS GONNA KEEP EXPANDING AS WELL.
SO, UM, AS WELL AS HOW, AND THERE'S QUITE A BIT ALONG 79 THERE.
AND SO WE JUST WANNA MAKE SURE THAT WE'RE STAYING IN FRONT OF THAT AND UM, ARE COGNIZANT OF ANY POTENTIAL OPPORTUNITIES TO COLLABORATE WITH OUR PARTNERS TO THE EAST, UM, SPECIFICALLY FOR INFRASTRUCTURE OPPORTUNITIES.
SO, UM, I'LL KEEP YOU GUYS POSTED ON THAT.
UM, THEN ALSO FOR WILCO UDP, WE ARE HOSTING ANOTHER FAM TOUR TOUR, WHICH IS A FAMILIARITY TOUR FAM FOR SHORT.
SO WE'LL HAVE SIX SITE SELECTORS SIMILAR TO WHAT WE DID LAST YEAR.
UM, BUT WE'LL HAVE SIX SITE SELECTORS FROM ALL OVER THE COUNTRY IN TOWN TO SHOW THEM AROUND WILLIAMSON COUNTY AND SHOW THEM OUR AVAILABLE LAND AND TALK ABOUT, UM, EACH CITY GETS A LITTLE SPOTLIGHT OPPORTUNITY.
SO, UM, I'LL BRING YOU BACK SOME INFORMATION ON THAT AFTER WE, WE ENGAGE THOSE FOLKS.
SO MAY BRINGS US TO ICSC, LAS VEGAS.
UM, SO I'VE STARTED REGISTERING THE BOARD MEMBERS, UM, AS MEMBERS OF ICSE AS WELL AS FOR THIS SPECIFIC EVENT.
AND SO ONCE BOARD PARTICIPATION IS CONFIRMED, I'M STILL WAITING TO HEAR FROM A COUPLE OF FOLKS, UM, ON THAT.
ONCE THAT'S CONFIRMED, THEN I'LL, I'LL REACH OUT TO COUNCIL AND REGISTER, UM, HOWEVER MANY WE CAN WITH THE, THE AVAILABLE FUNDS THAT YOU GUYS INDICATED.
UM, AND THEN ALSO JUST SETTING THE EXPECTATION THAT AS THAT EVENT GETS CLOSER AND THEY FINALIZE THEIR DETAILED AGENDA, WE'LL GO OVER UM, KIND OF BEST PRACTICES AND SOME OF YOU GUYS THAT HAVE ATTENDED BEFORE CAN SHARE THAT INFORMATION, UM, AND JUST KIND OF DIVIDE AND CONQUER AND MAKE SURE THAT WE'RE GETTING GOOD COVERAGE ON THE SESSIONS THAT WE THINK WOULD BE HELPFUL.
UM, SO YOU GUYS CAN BRING UP BACK THAT INFO AND SHARE IT WITH THE REST OF THE BOARD THAT COULDN'T ATTEND BRE.
WE'VE BEEN HAVING SOME INTERNAL MEETINGS WITH ECONOMIC DEVELOPMENT, THE TWO OF US AND WITH OUR MARCOMM TEAM.
AND THEN WE'VE ALSO BEEN HAVING SOME EXTERNAL MEETINGS WITH OUR EDUCATION AND WORKFORCE TRAINING PARTNERS, SO O-T-S-T-C AND TEMPLE COLLEGE SO FAR.
UM, AND THEN SHE ACTUALLY HAS SOME MEETINGS THIS WEEK WITH A COUPLE OF BRE STAFF MEMBERS FROM SOME OTHER CITIES TO KIND OF SEE WHAT OTHER FOLKS ARE DOING, WHAT RESOURCES ARE OUT THERE, UM, TO SEE LIKE IF THERE'S BEST PRACTICES THAT WE CAN INCORPORATE AS WE'RE BUILDING OUT OUR PROGRAM AS WELL.
AND THEN, UM, JUST FOR AWARENESS, UH, HER POSITION AND THE UPCOMING COMMUNICATION EFFORTS HAVE BEEN COMMUNICATED AT THE POWER BREAKFAST SO FAR.
UM, JUST TRYING TO SET THAT EXPECTATION WITH OUR BUSINESS COMMUNITY THAT WE ARE GONNA BE REACHING OUT.
THERE'S A SURVEY COMING, SO WE'RE WORKING ON FINALIZING THAT AS WELL SO THAT WE CAN GATHER SOME PERTINENT BUSINESS INFORMATION, UH, THAT'LL HELP US PRIORITIZE OUR OUTREACH EFFORTS AND JUST KIND OF OUR PROGRAM AND, UM, HELP SHAPE SOME OF THOSE RESOURCES AVAILABLE COMMUNICATIONS UPDATES.
I KNOW, UH, THIS HAS BEEN A TOPIC THAT THE BOARD HAS BEEN INTERESTED IN, SO I DID WANNA BRING BACK A LITTLE BIT OF AN UPDATE.
UM, WE HAVE BEEN ATTENDING THE MONTHLY POWER BREAKFAST, SO FOR THOSE OF YOU WHO DON'T KNOW, THAT IS A JOINT EVENT WITH THE ESD THREE AND THE CHAMBER.
AND SO IT'S A GREAT OPPORTUNITY FOR US TO PROVIDE UPDATES ON ALL THINGS ECONOMIC DEVELOPMENT,
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UM, ON A MONTHLY BASIS.SO WE'VE BEEN DOING THAT, UM, HIGHLIGHTING SOME UPDATES, UM, THAT WE HAVE EVERY SINGLE MONTH, WHICH IS GREAT.
UM, AND THEN WE GET TO HEAR ALL THE INFORMATION COMING IN TOO FROM THE OTHER COMMUNITY PARTNERS.
SO THAT HELPS KIND OF FILL THOSE GAPS FOR US.
UH, AND THEN ONE UPDATE I WANTED TO PROVIDE, UH, A BJ HAS REACHED OUT, UH, REGARDING THE MEGA SITE.
UM, NOT SURE ON A PUBLICATION DATE ON THAT, IT'S JUST A FOLLOW UP TO, UM, SOME PREVIOUS PIECES THAT THEY'VE BEEN WRITING TO FOLLOW THAT DEVELOPMENT.
UM, SO ONCE I KNOW MORE, I'LL BE HAPPY TO SHARE THAT.
I DON'T KNOW THAT I'M GONNA GET COPY AHEAD OF TIME.
WE TYPICALLY DON'T FROM A BJ, UM, BUT I JUST WANNA PUT THAT ON YOUR RADAR.
I THINK THE EARLIEST PUBLICATION WOULD PROBABLY BE NEXT WEEK.
UM, BUT AGAIN, I'LL SHARE THAT OUT ONCE I HAVE DETAILS.
AND THEN, UH, I THINK Y'ALL ARE RECEIVING THE MEDIA RECAPS FROM ALLISON AS WELL, SO HOPEFULLY THAT'S BEEN HELPFUL JUST TO SEE WHAT'S OUT THERE, UM, SO THAT YOU'RE AWARE OF, OF THE MESSAGING AND, UH, WHAT'S GETTING COVERED.
SO STAFF, UH, CONTINUES TO IMPLEMENT THE BUDGET THAT Y'ALL APPROVED AND, UM, YOU KNOW, FOCUSING ON OUR MEMBERSHIP AND CONFERENCE REGISTRATION SUCH AS ICSC, LIKE I MENTIONED, UH, FOR AWARENESS FY 25 BUDGET SEASON STARTS NEXT MONTH.
SO
I'VE BEEN TAKING NOTES THROUGHOUT THE YEAR ON VARIOUS OPPORTUNITIES THAT Y'ALL APPROVED AND WHAT WE'VE SPENT AND THEN SOME OTHER OPPORTUNITIES THAT WEREN'T IN THE BUDGET THAT I THINK WOULD BE, UM, GOOD THINGS FOR THE BOARD TO CONSIDER, UM, PUTTING FUNDS TOWARD FOR THIS NEXT YEAR.
SO I'LL BE BRINGING THAT FORWARD.
UM, AND AS THE SAME PROCESS LAST YEAR.
SO, UH, THE PLAN IS TO BRING YOU GUYS A DRAFT, UM, BUDGET IN MAY SO THAT WE CAN INCORPORATE ANYTHING THAT YOU'D LIKE TO CHANGE WITH THOSE RECOMMENDATIONS FROM STAFF AND THEN TO FINALIZE IT IN JUNE.
UH, AND I THINK THAT FOLLOWS WHAT'S REQUIRED, UM, FOR US TO SUBMIT AND HAVE AN APPROVED BUDGET 60 DAYS OR 90 DAYS PRIOR TO COUNCIL APPROVING THE BUDGET FOR THE CITY.
SO, UM, I CAN DOUBLE CHECK ON THAT, BUT THAT'S THE PLAN AS AS OF NOW.
UM, AND THAT CONCLUDES MY COMMENTS.
ALRIGHT, ITEM, UH, SIX ONE PRESENTATION FROM STAFF ON THE DECEMBER, 2023 COMMUNITY SURVEY RESULTS.
ALRIGHT, I'M GONNA SET THE FLOOR OR SET THE STAGE RATHER ON THIS ONE.
UM, SO DID ANYONE ON THE BOARD RECEIVE THE COMMUNITY SURVEY? JUST ANYONE PARTICIPATE? I KNOW IT'S RANDOMIZED, BUT, UM, I DIDN'T KNOW IF ANYBODY PARTICIPATED.
I HAD TO UNHOOK IT BECAUSE IT'S THIS THING, SO YOU'LL JUST HAVE TO TELL ME.
YEAH, I FIGURED THAT OUT LAST TIME.
OTHERWISE I CAN'T HAVE THE PRESENTATION.
UH, SO KRISHNA ACTUALLY ATTENDED THE MEETING TO GO OVER, UM, THE SURVEY RESULTS AND THOSE, UH, SPECIFIC TO ECONOMIC DEVELOPMENT.
UM, I WAS UP IN DALLAS AT ICSC, SO I'M GONNA LET HER PRESENT AND THEN, UH, WE CAN TAKE ANY COMMENTS OR QUESTIONS THAT YOU GUYS HAVE AND WE CAN FOLLOW UP WITH OUR COMMS DEPARTMENT AND SHE ACTUALLY, UM, MET WITH THE GENTLEMAN THAT LED THE SURVEY AS WELL.
SO WE'RE HAPPY TO, IF WE DON'T KNOW THE ANSWER TONIGHT, WE'RE HAPPY TO TO GO RESEARCH THAT FOR YOU AND BRING IT BACK IF THAT'S SOMETHING YOU'D LIKE TO KNOW MORE ABOUT.
SO, A DC BOARD MEMBERS DIRECTOR OF ECONOMIC DEVELOPMENT C HARBA BUSINESS RESEARCH SPECIALIST.
UM, I DID ATTEND THAT MEETING WHERE IT WAS A SMALLER GROUP TO LEARN MORE ABOUT THE, UH, RESULTS OF THE SURVEY THAT A TC CONDUCTED.
SO JUST TO START OFF, UH, IT'S NOT IN THE PRESENTATION, BUT I DID WANT TO GIVE YOU SOME BACKGROUND ABOUT THE SURVEY.
IT WAS ADMINISTERED TO 429 RESIDENTS, UM, WHO RESPONDED.
UM, THEIR GOAL WAS TO MEET 400, SO THEY DID GO ABOVE THAT, WHICH IS REALLY GOOD.
49% OF THE RESPONDENTS LIVED IN HUDDLE FOR TWO TO FIVE YEARS.
UH, 23% LIVED IN HUDDLE FOR SIX TO 10 YEARS, AND 24% LIVED IN HUDDLE FOR 11 TO 20 YEARS.
SO IT'S VERY, UH, UH, CLOSE, UH, IN PERCENTAGES AS FAR AS, UH, HOW LONG THE RESIDENTS HAVE BEEN HERE.
SIMILARLY, THERE WAS A CLOSE DISTRIBUTION, UH, REGARDING THE AGES OF THE RESPONDENTS.
SO 24% WERE 35 TO 44 YEARS OF AGE, 22% WERE UNDER 35 AND 21%, 45 TO 54.
HEY, CAN YOU DO A MIC CHECK THE OTHER ONE? THAT'S WHAT I THOUGHT.
SO SINCE THIS IS BEING RECORDED, YOU MIGHT WANNA GET THAT, SEE IF IT'S JUST NOT PLUGGED INTO THE FLOOR.
SORRY TO INTERRUPT ON, IT'S JUST NOT PLUGGED INTO THE YEP, THAT'LL DO IT.
WELL, I KNOW IT'S BEING RECORDED, RIGHT? AND IT'LL JUST BE COMPLETE SILENT AND
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THAT.UM, OKAY, SO 429 RESIDENTS, UH, RESPONDED TO THE SURVEY.
29% OF THE RESPONDENTS LIVED IN HUDDLE FOR TWO TO FIVE YEARS, 23% LIVED IN HUDDLE FOR SIX TO 10 YEARS, AND 24% LIVED IN HUDDLE FOR 11 TO 20 YEARS.
SO IT'S EVENLY QUITE EVENLY DISTRIBUTED.
AND THEN SIMILARLY, THERE WERE CLOSED DISTRIBUTION REGARDING THE AGES, 24% WAS 34, 35 TO 44 YEARS OF AGE, 22% UNDER 35 AND 21%, 45 TO 54 YEARS OF AGE.
SO IN FRONT OF YOU, YOU'LL BE SEEING, UH, THE RATINGS OF QUALITY OF LIFE IN THE CITY.
UH, I WILL BE FOCUSING ON THE FIRST TWO FOR THIS SPECIFIC SLIDE, AND THEN I'M GONNA COME BACK TO THE LAST ONE IN, IN THE LATTER SLIDES LATER ON.
BUT YOU CAN SEE THAT, UM, HU SURPASSES QUITE A BIT FOR AS A PLACE TO LIVE AND AS A PLACE TO RAISE CHILDREN.
AND IT ALSO GOES ALONG WITH OUR, UH, POPULATION GROWTH AND OUR DEMOGRAPHICS THAT WE'RE SEEING YOUNGER FAMILIES COMING TO OUR COMMUNITY, UM, AS MYSELF.
SO YOU'LL SEE THIS, UM, THROUGHOUT, UH, A LOT OF THESE, UH, SURVEY, UH, ANALYSIS.
HERE IT IS AN IMPORTANT SATISFACTION ANALYSIS REPORT.
SO IT'S, UH, PUT INTO PRIORITY BUCKETS IN A SENSE.
UH, THE VERY HIGH PRIORITY THAT RESIDENTS ARE PUSHING FOR IS OUR STREET MAINTENANCE WITH THE SECOND HIGH PRIORITY IN OUR UTILITIES AND THE MEDIUM PRI MEDIUM PRIORITY IN MORE, UH, CITY PROGRAMS AND ORDINANCES.
SO, UH, I WILL ALSO COME BACK TO THIS SLIDE IN IN SHORTLY.
FOR THIS NEXT SLIDE, THE TWO TRENDS.
UM, SO INCREASES IN TRENDS YOU WILL SEE MAINLY IN OUR COMMUNITY WELLBEING.
UH, SO YOU CAN PUT ALL OF THOSE INTO A COMMUNITY WELLBEING WITH OUR, UH, LIBRARY RESOURCES AND STAFF RECREATIONAL PROGRAMS AND, UH, ATHLETIC PROGRAMS. SO WHAT THIS SLIDE IS MAINLY SHARING IS HOW OUR SATISFACTION AND WHAT AREAS THOSE TRENDS HAVE BEEN SEEN FOR INCREASES.
SO TRENDS ON THE DECREASE IN SATISFACTION, AND IT'S MAINLY IN OUR UTILITIES AND, UH, CITY INFRASTRUCTURE.
UM, SO THOSE ARE THE, THE NEGATIVE TRENDS THAT WE'RE SEEING IN THE SATISFACTION SURVEY.
OKAY, NOW WE'RE GOING TO FOCUS MORE ON THE IMPACT IN ECONOMIC DEVELOPMENT AND WHERE WE'RE SEEING WHERE THIS CAN, UM, AFFECT OUR, UM, WHERE WE GO AND, AND OUR ANALYSIS OF PROGRAMS AND FUTURE INITIATIVES AND, UH, OPPORTUNITIES OF GROWTH.
SO HERE WE ARE COMING BACK TO THE SLIDE OF THE, OF WHAT I MENTIONED, THE BUCKETS WITH A VERY HIGH PRIORITY ON INFRASTRUCTURE.
ONE THING THAT WAS SHARED HERE IS HOW THE ACCESS TO OUR BUSINESS COMMUNITY MIGHT BECOME VERY IMPORTANT IN OUR DISCUSSIONS AND FUTURE INITIATIVES.
SO THAT WAS ONE THING THAT WAS, UH, SHARED DURING THAT MEETING.
SO WE'RE HERE IN THE TRENDS OF RATINGS OF QUALITY OF LIFE.
UM, YOU'LL SEE THAT THERE'S TWO ARROWS, UH, POINTING DOWN, WHICH MEANS THAT THERE WAS A SIGNIFICANT, UM, UH, SIGNIFICANT STATISTICALLY, STATISTICALLY SIGNIFICANT, UM, CHANGE IN THOSE TWO IN THE COMMITMENT TO BECOMING, STAYING FINANCIALLY STABLE AND DEVELOPING A DIVERSE, UH, TAX BASE.
SO IN HERE YOU'LL SEE THAT FROM 2022 TO 2024, THERE WAS THAT, THAT DE DECREASE.
AND THERE'S SOME ASSUMPTIONS THAT CAN BE MADE IN ONE AREA THAT I ANALYZED WAS THE DEVELOPING A DIVERSE TAX SPACE, UM, THAT WILL ALSO TOUCH BASE IN CORRELATION TO, UM, THE COMMUNICATION.
BUT OTHER, OTHER ITEMS THAT I DO WANT TO PLACE YOUR FOCUS ON IS AT THE TOP, UH, WHERE YOU'LL SEE THAT HU IS PERCEIVED AS, UH, THE OVERALL EXPERIENCE IN HISTORIC DOWNTOWN HU AND AS A PLACE TO START OR GROW A BUSINESS AND ALSO AS A PLACE TO WORK.
UM, I THINK THAT THOSE ARE AREAS THAT OUR, IF I MAY PLUG IN OUR BR AND E PROGRAM, BUSINESS RETENTION AND, AND EXPANSION PROGRAM CAN, UM, HOPEFULLY WE CAN TAP INTO THOSE AREAS AND INCREASE THAT, UH, PERCEPTION.
OH, SO THE SATISFACTION WITH MAJOR CATEGORIES OF SERVICES.
UM, AND HERE YOU'LL ALSO SEE TWO SIGNIFICANTLY, UH, STATISTICALLY SIGNIFICANTLY CHANGES ON THE FLOW OF TRAFFIC IN CITY STREETS AND FLOW OF TRAFFIC ON MAJOR ROADS AND HIGH HIGHWAYS.
YOU'LL SEE THAT DECREASE IN SATISFACTION.
UM, AND THEN ON THE OTHER SIDE, THE INCREASE IN SOME OF OUR UTILITY INFRASTRUCTURE.
SO THERE'S, UM, DIFFERENT, UH, CORRELATIONS AND ASSUMPTIONS IN THIS.
SO THAT'S ONE THING THAT, UM, WAS ALSO MENTIONED DURING THE, THE, THE MEETING IS THAT THIS IS VERY MUCH AS MANY SURVEYS, THE PUBLIC PERCEPTION AND HOW THEY, THEY PERCEIVE THIS QUESTION.
SO THERE'S DIFFERENT ROUTES THAT YOU CAN TAKE WITH THE
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RESULTS.THIS WAS AN ADDITIONAL, UM, IT WAS MENTIONED THAT THIS QUESTION WAS ADDED, UH, TO SEE THE PERCEPTION ON WELCOME, UH, MAJOR CORRIDORS AND HOW WELCOME ENTRY POINTS CAN BE PLACED.
SO YOU'LL SEE THAT THERE'S A HIGH INVESTMENT ON IMPORTANCE OF MAKING ENTRY POINTS WELCOMING.
UM, SO AT 31% IT WAS VERY IMPORTANT, 32% CONSTITUTING 63%, UH, OF IMPORTANCE THERE.
THIS IS ONE THAT I WOULD LIKE FOR YOU, UH, FOR US TO FOCUS ON AND FOR YOU TO SEE, UM, THE ARROWS RIGHT HERE.
SO, ECONOMIC DEVELOPMENT CAME AT THE TOP, UH, THAT WAS QUITE SURPRISINGLY, UH, THE, WITH THE CURRENT COMMUNICATION ITEMS THAT SHOULD, UH, RECEIVE THE MOST EMPHASIS AND CITY, UH, ECONOMIC DEVELOPMENT CAME UP AT 47% ALONG WITH FINANCES AND INFRASTRUCTURE PROJECTS.
AND IN THIS AREA THERE ARE SOME BRE PRO, UH, PRO PROJECTS THAT WE WANT TO LOOK INTO, JUST LIKE, UM, UPDATING OUR WEBSITE AND MAKING SURE THAT COMMUNICATION IS ON LINKEDIN AND WE CAN HAVE YOUR SUPPORT IN SHARING ALL OF THE GREAT INITIATIVES THAT WE'RE, THAT WE'RE DOING HERE.
SO THIS IS A, A REALLY GREAT AREA OF OPPORTUNITY AND IT'S GOOD TO SEE THAT THE PUBLIC IS INTERESTED AND INVESTED IN, UM, IN THIS AREA.
SO THIS, THIS, UH, CAME UP AS THIRD PLACE HERE.
SO THE PERCEPTIONS OF ECONOMIC GROWTH IN THE FOLLOWING AREAS.
UM, YOU CAN SEE HERE HOW IN THE INDUSTRIAL GROWTH I WANT TO PLACE YOUR FOCUS THERE.
IT'S AT 38% FOR THE RIGHT AMOUNT.
UM, THE PUBLIC AND OUR COMMUNITY IS FEELING OKAY WITH, UM, THE INDUSTRY GROWTH THAT WE'RE BRINGING HERE TO OUR COMMUNITY.
AND THEN WITH RETAIL GROWTH, RETAIL GROWTH IS ON THE OPPOSITE SIDE, SO WE CAN INFER THAT AT, WHAT IS IT, UH, 46%.
WE'RE SEEING THAT THERE'S A, A SLOWER PACE IN THE RETAIL GROWTH.
UM, SO THAT CAN HELP, UM, UM, SUPPORT OUR NEXT PROJECTS, UH, HELP SUPPORT OUR DECISIONS IN THE FUTURE, UM, TO MAKE SURE THAT WE'RE, WE'RE CONTINUE BUILDING OUR COMMUNITY IN THE DIRECTION THAT, UH, OUR, OUR POPULATION AND RESIDENTS WANT.
SO IN THE POPULATION GROWTH, YOU'LL SEE THAT THERE'S A LARGE 50% FOR THE MUCH TOO FAST.
SO WE ARE ALL FEELING IT OF, OF, OF THE GROWTH.
UM, AND WITH THAT, THERE'S ALSO THE GROWTH IN SKILL JOBS.
SO I KNOW I'M JUMPING A LITTLE BIT AROUND, BUT TRYING TO TELL YOU THE STORY OF, OF CONNECTING THE DOTS HERE, BUT GROWTH IN SKILL JOBS.
THERE'S ALSO AN AREA THAT WE, WE CAN FOCUS ON WITH THE 45% IS SOMEWHAT TOO SLOW, ALONG WITH THE 21% OF MUCH TOO SLOW IN GROWTH.
UM, SO AGAIN, THIS IS I THINK ANOTHER AREA THAT OUR, UH, BRE PROGRAM CAN HELP WITH OUR FOCUS ON WORKFORCE AND HOW WE'RE, UM, PUSHING THAT TO OUR BUSINESS PARTNERS AND THEN SPREADING THE WORD THROUGH THERE.
I DO WANT TO GO TO THE COMMUNICATION SLIDE REALLY QUICK, IF, WHAT IS THAT? UH, IT WAS TWO SLIDES BACK.
ONE THING THAT I MISSED MENTIONING WAS THE TOP FOUR COMMUNICATION CHANNELS, UM, THAT CAME AT THE TOP.
SO THE FIRST ONE, COMMUNITY IMPACT RANKED FIRST AT 62%, WHERE, UM, IT WAS THE QUESTION, WHAT SOURCES DO YOU USE TO GET INFORMATION ABOUT THE CITY? SO AGAIN, COMMUNITY IMPACT RANKED FIRST AT 62% CITIES, FACEBOOK SECOND AT 59%.
HEY HU, NEWSLETTER THIRD AT 45% AND THE CITY WEBSITE AT 42%.
SO A LOT OF OUR RESPONDENTS, UM, ARE, UH, RESIDENTS ARE REALLY LOOKING AT OUR CITY COMMUNICATION, INCLUDING THE COMMUNITY IMPACT.
SO I THOUGHT THAT WAS INTERESTING IN, IN REGARDS TO THE COMMUNICATION AND THOSE CHANNELS.
OKAY, WE CAN GO BACK TO THE, YES, THANK YOU.
ARE WE ON? IT WAS PERCEPTIONS OF OH, NO LEVEL OF SUPPORT.
SO THIS IS ANOTHER, UM, GRAPH AND IT'S MAINLY ON THE RECREATIONAL FACILITIES.
UH, SO HERE YOU'LL SEE THAT THE, THE SUPPORT IS MAINLY ON THAT BUILD, UH, AN OUTDOOR COMMUNITY POOL AT 42%.
AND ONE INTERESTING, UM, NUMBER THAT YOU SEE IS THE RENOVATE, THE YMCA FACILITY.
I DON'T THINK I'VE COME ACROSS A GRAPH WITH SUCH EVEN SPLIT, UM, BUT UH, THERE'S QUITE A, UH, INTERESTING SUPPORT THERE.
IT'S EVENLY THROUGHOUT THE BOARD.
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HELP US INFORM FOR FUTURE PROJECTS OR FUTURE AREAS OF OPPORTUNITY.UH, SO FOR THIS ONE IS THE LEVEL OF SUPPORT FOR FUNDING THE FOLLOWING, UH, NEW PUBLIC FACILITIES, A STRONG EMPHASIS ON THE RECREATION, AGAIN, UH, WITH SAFETY, UH, AT 34% FOR STRONGLY SUPPORTING THAT.
AND THEN THE PUBLIC SENIOR CITIZEN AT 32% PUBLIC LIKE LIBRARY AT 28%.
SO THIS GIVES US A LOOK INTO THOSE BIGGER FACILITIES AND THE PUBLIC EMPHASIS ON THOSE.
AND NOW COMING BACK TO THE FIRST, UH, GRAPH THAT I SHOWED YOU EARLIER AND FOCUSING ON THAT, HOW WELL THE CITY'S MANAGING GROWTH.
SO THIS GRAPH, UH, ANALYZES THE HUDDLE VERSUS TEXAS VERSUS THE US AND YOU CAN SEE THAT LARGE GAP IN, UM, THE PERCEPTION OF HOW WELL THE CITY'S MANAGING GROWTH.
WHERE WE'RE, WE STAND AT 19.3%.
UM, I THINK THAT THIS ALSO COULD CORRELATE WITH THE COMMUNICATION THAT, THAT WE CAN BUILD AND THAT MOMENTUM AND REALLY SHARING THOSE, UM, THOSE KEY MOMENTS OF OUR BIG PROJECTS AND ALL OF THE EFFORT THAT EVERYONE HERE AND EVERYONE BEHIND THE SCENES IS PUTTING, UM, FOR, FOR THAT GROWTH THAT WE'RE SEEING.
SO THIS IS, UM, ONE OF THE, OF THE BIG TOPICS OF DISCUSSION THAT WAS DURING THAT MEETING IS HOW MANAGING GROWTH AND WHAT ARE THE PIECES TO THAT, WHETHER IT'S THE BUILDING, RESIDENTIAL BUILDING OFFICES, BUILDING, UM, INDUSTRIAL PLACES.
SO ALL OF THAT, UH, COMING INTO PLAY HERE.
SO THE FOLLOWING SLIDES ARE ALMOST LIKE HEAT MAPS, UM, THAT YOU'LL SEE BASED ON THAT QUESTION.
SO AS A PLACE TO START OR GROW A BUSINESS, YOU'LL SEE THAT THE LIGHT BLUE IS SELECTED AS THE HEAT MAP OF GOOD WITH LOS NEUTRAL.
UM, AND YOU'LL SEE THAT FOR THE REST OF THIS SLIDE.
SO WE CAN GO TO THE NEXT SLIDE.
HERE IS HOW WELL THE CITY'S MANAGING GROWTH, UM, BELOW AVERAGE.
SO AGAIN, GOING BACK TO THAT LAST GRAPH THAT WE SAW.
UM, AND THEN NEXT SLIDE PLEASE.
COLLABORATION WITH COMMUNITY, ORGANIZATION, AND BUSINESSES.
UH, THE LIGHT BLUE IS GOOD, THE YELLOW IS NEUTRAL.
I DID ASK AND POSE A QUESTION AS TO WHAT COLLABORATION MEANT IN TERMS OF THE SURVEY AND THE ANSWER TO THAT WAS REALLY IT'S UP TO THE RESPONDENT'S PERCEPTION.
SO COLLABORATION CAN MEAN MANY DIFFERENT THINGS.
AND JUST ON THE BRE PERSPECTIVE, I WOULD LIKE TO AND BE INTERESTED TO KNOW MORE AND DIVE DEEPER INTO WHAT TYPE OF COLLABORATION IS BEST.
SO HOPING THAT SOME OF THOSE INITIATIVES THAT WE PUT IN PLACE CAN HELP US DIG, DE DIG DEEPER ON THAT.
DEVELOPING A DIVERSE TECH SPACE, UM, THEY, LIGHT YELLOW IS NEUTRAL.
THE ORANGE IS BELOW AVERAGE, THE FLOW OF TRAFFIC.
UM, VERY DISSATISFIED ON THE RED AND DISSATISFIED ON THE ORANGE.
SIMILARLY, FOR FLOW OF TRAFFIC ON MAJOR ROADS AND HIGHWAYS, DISSATISFIED BEING ORANGE AND RED BEING VERY DISSATISFIED.
POPULATION GROWTH MUCH TOO FAST FOR THE DARK BLUE, SOMEWHAT TOO FAST FOR THE LIGHT BLUE RETAIL GROWTH, UH, THIS ALL I THINK DOES DEFINITELY PERTAIN TO OUR ECONOMIC DEVELOPMENT WITH THE SOMEWHAT TOO SLOW FOR THE ORANGE AND THEN RIGHT AMOUNT FOR THE YELLOW.
AND GRANTED I'VE BEEN HERE FOR A MONTH SO I'M STILL TRYING TO FIGURE OUT THE AREAS AND HOW THAT COULD CORRELATE TO, TO AN ASSUMPTION OR A THEORY.
BUT UM, AS YOU HAVE BEEN HERE FOR LONGER, I THINK WE CAN DIVE DEEPER INTO, INTO THOSE THOSE ASSUMPTIONS.
INDUSTRIAL GROWTH IS A RIGHT AMOUNT FOR YELLOW, SOMEWHAT TOO FAST FOR LIGHT BLUE AND GROWTH AND SKILL JOBS MAINLY ORANGE WITH SOMEWHAT TOO SLOW AND YELLOW FOR RIGHT AMOUNT.
AND GROWTH IN ON SKILLED JOBS.
I THINK THAT'S THE LAST SLIDE.
DOES THE BOARD HAVE ANY QUESTIONS ABOUT THAT? ANYTHING YOU'D LIKE FOLLOW UP? UH, QUESTION PLEASE.
HOW DID THEY DETERMINE GROWTH IN THE STATE OF TEXAS VERSUS GROWTH IN HU? LIKE, 'CAUSE THERE IS A NOTICEABLE GAP IN A LOT OF THOSE CHARTS.
SO HOW WAS TEXAS DETERMINED? YEAH, YEAH.
SO WHAT I GATHER FROM THAT MEETING, AND I'LL GO BACK TO ASK THEM TO VERIFY FOR SURE, BUT WHAT WAS MENTIONED IN THE MEETING WAS THAT THEY, ETC WORKS WITH A LOT OF DIFFERENT CITIES HERE IN THE STATE.
SO THEY AGGREGATE ALL OF THAT DATA TO MAKE IT COMPARE, COMPARE THAT.
UM, BUT I CAN DEFINITELY GO BACK AND CONFIRM THAT ANSWER.
YEAH, BECAUSE, BECAUSE ONE OF THE CONCERNS I HAVE IS IF THEY TOOK A LARGE CITY VERSUS A CITY THAT'S ON THE OTHER SIDE, THAT'S VERY SMALL, BUT IF YOU
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PULLING ALL THE DATA TOGETHER, THEN THOSE NUMBERS COULD BE A LITTLE OBSCURED BECAUSE YOU MAY BE UNHAPPY WITH AUSTIN BUT YOU'RE HAPPY WITH ROUND ROCK, BUT BECAUSE AUSTIN'S SO BIG AND THERE'S SO MUCH MORE DATA THEY CAN PULL THAN THAT OBSCURES HOW WE MAY POTENTIALLY LOOK AT HU FROM A TEXAN OVERALL VIEW.WHAT DO YOU ALL THINK? THAT'S A GOOD POINT.
AND TO THAT POINT, UH, TREASURER COLEMAN, I WOULD JUST LIKE TO SAY TOO THAT IN REVIEWING THESE, UM, WITH KRISHNA AFTER, UH, HER MEETING WITH OUR COMMUNICATIONS DIRECTOR AND THE THE SURVEY PROVIDER, THERE'S A LOT TO BE DESIRED HERE AS FAR AS DETAIL.
AND I THINK THAT'S SOMETHING THAT WE CAN FOLLOW UP ON.
BUT, UM, I DID WANT YOU GUYS TO SEE THE RESULTS THAT HAVE BEEN PUBLISHED.
THIS IS WHAT WAS SHARED WITH COUNCIL, THIS IS WHAT WAS PUBLISHED IN THE PACKET, ET CETERA.
AND I THINK THERE'S A LOT OF THINGS THAT SUPPORT THE THINGS THAT WE ALREADY KNOW.
SUCH AS WHEN YOU'RE LOOKING AT THE RETAIL HEAT MAP, YOU NOTICE THAT PRIMARILY THE FOLKS THAT SAY IT'S SOMEWHAT TOO SLOW MM-HMM,
SO I THINK THERE'S CERTAIN THINGS THAT WE AS RESIDENTS CAN INFER FROM THAT DATA AS WELL.
BUT THERE IS A LOT THAT IS BEING LEFT OUT OR COULD BE SKEWING THESE RESULTS.
BUT I DO THINK IT'S A, IT IS STATISTICALLY VALID, SO THAT'S GOOD.
UM, BUT I THINK IT'S SOMETHING THAT WE CAN REFER BACK TO THROUGHOUT THE PROCESS AS WE'RE LOOKING AT WHAT PROJECTS BE IT, BE IT JOB CREATION AND INDUSTRIAL, UM, SKILLED JOBS, WHATEVER THAT MIGHT BE, AS WELL AS OUR RETAIL PROJECTS.
AND SO, UM, BEING MINDFUL OF THE IMPACT TO OUR INFRASTRUCTURE AND HOW WE STRUCTURE OUR DEALS.
I'VE ALREADY STARTED TALKING WITH DEVELOPMENT SERVICES AND ENGINEERING ABOUT HOW WE CAN INCORPORATE CERTAIN INFRASTRUCTURE, UM, ITEMS INTO PERFORMANCE AGREEMENTS SO THAT IT'S NOT JUST HOW'S YOUR SALES TAX PRODUCING, BUT ALSO WHAT ARE YOU DOING FOR THE CITY TO MAKE THIS FLOW BETTER, TO MAKE IT BETTER FOR THE RESIDENTS TO MAKE THIS AREA MORE SHOPPABLE, MORE ACCESSIBLE, ET CETERA.
SO I THINK THERE'S SOME REALLY GOOD POINTS HERE THAT WE CAN, WE CAN GOOD JUMPING OFF POINT AND THEN WE CAN GO OVER THAT, UH, IN MORE DETAIL WITH MIDWAY TOO.
'CAUSE I'M SURE THEY'LL HAVE SOME SURVEYS THAT THEY WILL DO AS PART OF THEIR PLANNING PROCESS.
AND IT'S CLEAR THAT THE ROADS ARE AN ISSUE.
ROADS AND RETAIL LIKE YOU WERE SAYING AND HOW CAN WE AND BRING INCENTIVES AND CREATE THAT LIKE A BETTER EXPERIENCE FOR OUR CITIZENS.
'CAUSE THAT SEEMS TO BE A MAJOR CONCERN.
SO I LIKE THAT IDEA OF, UM, WHEN YOU'RE GOING THROUGH THESE AGREEMENTS AND MAKING SURE THAT WE'RE HAVING GOOD TRAFFIC FLOW WITH THAT AS PART OF IT.
HAVE WE DETERMINED A TOTAL NUMBER OF WHAT ARE PERCEIVED AS SKILLED JOBS VERSUS OPEN UNSKILLED JOBS? NO, AND THAT'S A GOOD QUESTION.
THAT WAS ONE OF THE SLIDES THAT I, I QUESTIONED ALSO BECAUSE WHAT I PERCEIVED TO BE SKILLED JOBS MIGHT NOT BE WHAT YOU PERCEIVE TO BE SKILLED JOBS.
SO AGAIN, I THINK THAT THERE IS A MARGIN OF ERROR HERE JUST BASED ON PERSONAL BIAS OF LIKE YOUR OWN THOUGHTS AND EXPERIENCES AND EX EXPECTATIONS.
SO I THINK YOU HAVE TO TAKE EVERYTHING WITH A GRAIN OF SALT, BUT I DO THINK SINCE IT IS STATISTICALLY VALID, LIKE IT'S A GOOD JUMPING OFF POINT.
AND CONGRATULATIONS ON MAKING IT A MONTH
ANY OTHER QUESTIONS, COMMENTS, CONCERNS? THANK YOU.
ALRIGHT, UH, ONTO ITEM SEVEN ONE, DISCUSS AND CONSIDER ACTION TO APPROVE THE, UH, CORPORATE FINANCIAL STATEMENTS FOR JANUARY, 2024.
CHRISTINA BISHOP, CITY CONTROLLER.
UM, I HAD EMAILED OUT THE JANUARY FINANCIAL STATEMENTS ON FRIDAY.
UH, BEFORE I OPEN UP, OPEN IT UP FOR QUESTIONS.
I HAVE JUST A COUPLE OF NOTES I WANNA MAKE.
UH, THE FIRST IS THAT THE CITY HAS A NEW FINANCE DIRECTOR, ALBERTA BARRETT.
SHE HAS OVER 20 YEARS OF EXPERIENCE.
WE'RE IN MUNICIPAL GOVERNMENT.
WE'RE VERY EXCITED TO HAVE HER ON BOARD.
UM, ONE OF THE THINGS THAT I HAVE DISCUSSED WITH HER WHILE SHE'S BEEN HERE IS THE SALES TAX ACCOUNTING FOR THIS CITY.
UM, SHE ESSENTIALLY HAS SALES TAX IS ACCOUNTED FOR IS IT'S, UM, WE RECEIVE THE CASH TWO MONTHS IN ARREAR.
SO REVENUE THAT'S EARNED IN OCTOBER BY BUSINESSES WE DON'T RECEIVE UNTIL DECEMBER.
UH, SO WHEN WE DO FINANCIAL REPORTING AND YOUR YOUR MONTHLY UPDATES, WE MAKE ESTIMATES SO THAT IF IT'S JANUARY, YOU ALWAYS HAVE FOUR MONTHS OF REVENUE REFLECTED BECAUSE IT'S SUCH A MAJOR SOURCE OF INCOME.
UH, SHE WAS KIND OF UNCOMFORTABLE WITH THE ESTIMATE METHOD AND WE HAD AGREED TO SORT OF START OPERATING ON MORE OF A CASH BASIS IF THAT MAKES, HAS ANY MEANING TO YOU.
SO, UM, IT HAS NO IMPACT ON YOUR CASH FLOWS.
IT JUST, UM, JUST, JUST A SMALL TWEAK TO YOUR REPORTING.
SO I WANTED TO MAKE THAT SORT OF CLEAR.
UM, IF THE BOARD HAS ANY CONCERNS, WE CAN, YOU KNOW, ADDRESS MAYBE ACCOUNTING FOR THE EDC DIFFERENTLY
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THAN THE CITY.BUT FOR RIGHT NOW, WE JUST FIND IT EASIER TO ACCOUNT FOR BOTH ENTITIES THE SAME WAY.
UM, THE SECOND THING I WANTED TO TOUCH ON WAS THAT TODAY THE CITY FINISHED THEIR ANNUAL AUDITS.
UH, WE GOT OUR FINANCIAL REPORT BOOKS ARE COMPLETELY CLOSED.
UM, SO, UH, THE EDC RECEIVED AN UNQUALIFIED OPINION, MEANING THERE WERE NO MODIFICATIONS TO THE FINANCIALS THAT HAVE BEEN PRESENTED TO YOU IN THE PAST, BUT THERE WAS ONE COMMENT FROM THE PARTNER AT THE AUDIT FIRM THAT I WANTED TO PASS ON.
HE FOUND AN OPPORTUNITY, UM, JUST FOR SOME INTERNAL CONTROLS WITH PURCHASING TO BE IMPLEMENTED MO MOSTLY.
SO CHENEY AND I MAYBE DON'T, UH, PRE PRESENT AN INVOICE TO YOU AND YOU SAY, WHAT THE HECK IS THIS? AND NOW YOU'RE BOUND TO PAY IT.
SO I'M GONNA PASS THAT COMMENTS ONTO THE FINANCIAL POLICY TEAM FOR YOU TO CONSIDER.
UM, YOU KNOW, OVERALL WE HAVE PRETTY GOOD CONTROLS HERE, BUT HE, HE NEEDED TO FIND SOMETHING TO SAY ABOUT THE EDC SO
UM, OTHER THAN THAT, UH, THOSE ARE THE ONLY COUPLE OF NOTES I WANTED TO MAKE.
UM, SO I'M HAPPY TO OPEN IT UP FOR ANY QUESTIONS.
WHAT WERE HIS COMMENTS THAT WE WOULD LOOK AT THE INVOICES BEFORE OR NO MORE SO THAT, YOU KNOW, RIGHT NOW OUR PRACTICE IS TO EMAIL THE INVOICES OUT, UH, PRIOR SO YOU HAVE SOME TIME TO DIGEST IT, BUT THERE COULD BE AN OPPORTUNITY FOR, UH, YOU KNOW, I LOVE GETTING INTO THE CONTROL, INTERNAL CONTROL CONVERSATIONS WITH YOU ALL.
BUT, UM, CHENEY COULD SAY, HEY, I'M GONNA ENGAGE THIS FIRM TO DO $7,500 WORTH OF WORK.
IT WAS SORT OF UNBEKNOWNST TO THE BOARD AND NOW WE'VE PRESENTED YOU THE INVOICE, BUT SERVICES HAVE BEEN RENDERED, NOW YOU'RE BOUND TO PAY.
UM, SO JUST, JUST SOME, I I THINK IT'S SORT OF A, A SMALL ISSUE, BUT IT, THERE'S AN OPPORTUNITY TO AT LEAST ADDRESS IT.
ANY OTHER QUESTIONS? NONE ANYONE? NO.
THANK YOU CHRISTINA AND ALWAYS APPRECIATE IT.
WELL, SO WE HAVE ON HERE CONSIDER ACTION TO APPROVE.
SO IF ANYBODY WANTS TO MAKE A MOTION, THEN, OR WELCOME TO.
SO IF SOMEONE WISHES, THE MOTION WOULD BE TO APPROVE AS PRESENTED, I MAKE A MOTION TO APPROVE AS PRESENTED.
I'LL SECOND I I MOTION BY, UH, BOARD MEMBER OWEN.
SECONDED BY VICE CHAIR LUCAS TO APPROVE, UH, FINANCIALS AS PRESENTED.
MOTION PASSES SIX OH ITEM SEVEN TWO.
DISCUSS AND CONSIDER ACTION TO APPROVE THE CORPORATION'S MINUTES FROM THEIR SPECIAL CALL MEETING ON JANUARY 29TH, 2024.
I'LL MAKE A MOTION TO PRESENT, UH, APPROVE SEVEN TWO AS PRESENTED.
WE HAVE A MOTION BY VICE CHAIR LUCAS, SECONDED BY TREASURER COLEMAN TO, UH, APPROVE, UH, MINUTES AS PRESENTED.
UH, THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE, UH, EXCUSE ME, AN 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 DELIBERATE AND SEEK LEGAL ADVICE REGARDING THE CORPORATION'S FINANCIAL OBLIGATIONS INVOLVING A CITY OF HU RETAIL AND RESTAURANT INCENTIVES, WORKFORCE INCENTIVES, EXPANSION INCENTIVES REGARDING ESD THREE SALES TAX SHARING AGREEMENT, SALES TAX SHARING AGREEMENT WITH THE CITY OF HU PROJECT SEVEN SPINE ROAD CONSTRUCTION PROJECT.
THE MEGASITE PROJECT, PROJECT SKYBOX PROJECT SQL PROJECT, TITAN PROJECT STRAT THREE PROJECT FLEX PROJECT FE PROJECT, CHICAGO PROJECT CG TWO, THE PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES AND THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES.
ALRIGHT, THE TIME IS EIGHT 17 AND WE HAVE A RETURN FROM EXECUTIVE SESSION ITEM NINE.
DISCUSS AND CONSIDER ACTION ON RESOLUTION R 2024 DASH 0 3 5 REGARDING AN AMENDMENT TO THE FUNDING AND REFUNDING AGREEMENT BETWEEN THE CORPORATION AND THE CITY OF HU FOR A CHAPTER THREE EIGHT ECONOMIC DEVELOP GRANT IN SUPPORT OF THE ACQUISITION OF COTTONWOOD DEVELOPMENT CORPORATIONS REAL ESTATE.
MR. CHAIRMAN, I'LL MAKE A MOTION TO APPROVE NINE ONE AS PRESENTED.
SECOND, WE HAVE A MOTION BY VICE CHAIR LUCAS, SECONDED BY BOARD MEMBER OWENS TO APPROVE AS PRESENTED.
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DISCUSS AND CONSIDER ACTION ON THE LETTER OF INTENT BETWEEN THE CORPORATION AND THE CITY OF HUDA REGARDING THE BUTLER SETTLEMENT ASSOCIATED WITH THE COTTONWOOD PROPERTIES.I'LL MAKE A MOTION TO DIRECT STAFF EDC STAFF TO REQUEST TO BE ADDED TO A FUTURE CITY COUNCIL MEETING TO PRESENT, TO EXPLAIN EXACTLY WHAT WE HAVE GOING ON, ON OUR END TO SEEK FEEDBACK, BUT ALSO ALLOW THE PUBLIC TO SEE EXACTLY WHAT'S GOING ON AS WELL.
WE HAVE A MOTION TO DIRECT EDC STAFF TO HAVE THIS ITEM PLACED ON COUNCIL AGENDA OR FOR A FUTURE, UH, REGULARLY SCHEDULED MEETING IN PUBLIC THAT HAS BEEN MOTIONED BY TREASURER COLEMAN.
SECONDED BY BOARD MEMBER OWENS.
MOTION PASSES SIX OH ITEM NINE THREE.
DISCUSS AND CONSIDER ACTION REGARDING ANY ITEM DISCUSSED IN EXECUTIVE SESSION.
UM, MR. CHAIRMAN, I'D LIKE TO MAKE A MOTION TO DIRECT STAFF TO CREATE A SALES TAX SHARING AGREEMENT FOR THE CITY AND EDC FOR ESD PROPERTIES FOR THE ESD PROPERTIES.
DONE BY SECRETARY CLANCY FOR, UH, DIRECTING STAFF AND LEGAL COUNSEL TO CREATE A, UH, SALES TAX SHARING AGREEMENT BETWEEN THE CITY OF HU AND THE EDC REGARDING ESD THREE, UH, LAND.
AND, UH, THAT HAS BEEN SECONDED BY, UH, BOARD MEMBER OWENS, CORRECT? I'M SORRY.
UM, OPEN UP FOR DISCUSSION, HEARING NON ROLL CALL PLEASE.
UH, ITEM 10, FUTURE AGENDA ITEMS. UM, OPEN UP TO THE BOARD IF THERE'S ANYTHING THAT NEEDS PLACED ON A FUTURE AGENDA.
OH, DID YOU WANT SPRING BREAK? OH.
UM, ONE ITEM I DO WANT TO BRING UP IS ACTUALLY OUR NEXT REGULARLY SCHEDULED MEETING.
IT DOES FALL ON SPRING BREAK AND I KNOW FOR SOME OF US WE DO HAVE, UM, CHILDREN AND WHATNOT THAT ARE AT HOME AND OR VACATIONS, ET CETERA, ET CETERA.
UM, AND I'VE BEEN ASKED IF WE WOULD BE WILLING TO MOVE THE MEETING TO THE FOLLOWING MONDAY.
I DO NOT KNOW WHAT DATE THAT IS CURRENTLY.
UM, THAT WOULD BE THE, UH, 18TH OF MARCH INSTEAD OF THE 11TH.
UM, AND I WOULD MOTION THAT WE MOVE OUR MEETING TO, UH, MARCH 18TH.
6:30 PM I'D LIKE TO SECOND THAT.
WE HAVE A MOTION TO MOVE OUR REGULARLY SCHEDULED MEETING FOR MARCH FROM THE 11TH TO THE 18TH.
SECOND BY VICE CHAIR LUCAS, OPEN UP FOR DISCUSSION.
ANY OTHER ITEMS? CHAIR? I APPRECIATE, UH, THIS BOARD AND THE, UM, STEPS WE'RE TAKING TO BE MORE TRANSPARENT WITH THE PUBLIC.
UM, I, I APPRECIATE EVERYBODY'S, UM, UM, THOUGHTS AND, AND, AND THE AMOUNT OF CARE THAT THEY TAKE, UM, BEING ON THIS BOARD AND, UM, I JUST WOULD LIKE IT TO, YOU KNOW, PUBLICLY I'D LIKE TO, AS A MEMBER OF CITY COUNCIL, JUST EXPRESS MY APPRECIATION FOR, UM, YOU KNOW, THE TRANSPARENCY THAT WE'RE TRYING TO PROVIDE AS WELL AS THE COMMITMENT FROM EACH ONE OF THESE BOARD MEMBERS TO, TO SERVE, UM, ON THIS BOARD IN ON THE ECONOMIC DEVELOPMENT BOARD.
UH, ANYTHING ELSE? HEARING NONE.
IT IS 8 23 AND WE ARE ADJOURNED.