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[(EDC) Board Meeting/(CDC) Board Meeting on December 9, 2024.]
SIX THIRTY NINE AND I CALL THE HU ECONOMIC DEVELOPMENT CORP TYPE A AND TYPE B BOARD OF DIRECTORS MEETING INTO ORDER.MAY I GET A ROLL CALL, PLEASE? CHAIR CLANCY.
PRESENT BOARD MEMBER MCLAUGHLIN.
UH, PLEASE JOIN ME IN THE PLEDGE OF ALLEGIANCE, I PLEDGE ALLE ALLEGIANCE TO THE FLAG OF THE UNITED, UNITED STATES OF AMERICA.
AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
I PLEDGE ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD WON AN INDIVISIBLE.
ALWAYS GET THAT ONE MESSED UP PUBLIC COMMENT.
WE DO NOT HAVE ANY, DO WE HAVE? OKAY, GREAT.
READY IN HEAT? THAT'S WHAT I WAS TRYING TO DO TO GET MY, THERE WE GO.
UM, SO 5.1, UM, ECONOMIC DIRECTOR'S REPORT.
UM, STAFF WILL PROVIDE UPDATES ON CRITICAL PROJECTS INCLUDING THE MEGASITE SPINE ROAD CONSTRUCTION PROJECT, HIGHWAY 79, AND THE COUNTY ROAD 1 32 INTERSECTION PROJECT, WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, INCENTIVE SOFTWARE IMPLEMENTATION EVENT RECAPS AND UPCOMING EVENTS.
UM, SO FOR THE MEGASITE AND SPINE ROAD CONSTRUCTION PROJECT, IT IS MOVING FORWARD.
WE HAVEN'T EXPERIENCED ANY DELAYS TO NOTE.
UM, AS EVERYONE'S AWARE, THERE WAS SOME WEATHER LAST WEEK IN THE FORM OF RAIN IN CASE WE FORGOT WHAT THAT WAS LIKE.
UM, BUT IT HAS NOT MADE ANY SIGNIFICANT DELAYS IN THEIR SCHEDULE AT ALL.
UM, HIGHWAY 79 AND SIERRA 1 32 INTERSECTION UPDATE THERE IS THAT, UM, WE'VE COLLABORATED WITH MIDWAY CITY ENGINEER ANN GARVER.
UM, THERE'S BEEN AN AMENDMENT THAT WAS APPROVED BY COUNCIL FOR, UM, THE DESIGN TO, TO REDO AND MODIFY THE DESIGN.
WE DO EXPECT A DRAFT DESIGN BY THE END OF DECEMBER.
WE ALREADY HAVE A MEETING SCHEDULED WITH TXDOT FOR EARLY JANUARY, AND WE'RE TRYING TO GET A MEETING WITH THE RAILROAD, UH, IN A SIMILAR TIMEFRAME AT THE BEGINNING OF JANUARY, BUT NO FIRM DATE ON THAT YET.
WE'LL HAVE AN UPDATE ON THE DESIGN AND ANY FEEDBACK FROM THOSE MEETINGS AT THE FEBRUARY BOARD MEETING FOR WILCO, EDP.
UM, THERE IS A SMALL DELEGATION FROM THE PARTNERSHIP, UH, THAT'S IN NEW YORK RIGHT NOW WITH OPPORTUNITY AUSTIN FOR A SITE SELECTORS VISIT AND RECRUITMENT TRIP.
UM, THEY'LL BE BACK ON THE 11TH.
SO OUR NEXT EDP BOARD MEETING IS NEXT FRIDAY.
SO WE'LL GET AN UPDATE FROM THEM AND I'LL SHARE ANY INFORMATION BACK TO Y'ALL AT OUR BOARD MEETING IN JANUARY.
OUR INCENTIVE SOFTWARE IMPLEMENTATION IS GOING WELL.
WE FINALIZED OUR TURS THREE APPLICATION AT THEIR BOARD MEETING LAST THURSDAY, SO THIS WORK THIS WEEK, WE'LL GET TO WORKING ON IMPLEMENTING THAT AND GETTING IT LAUNCHED.
UH, IT'LL BE A GOOD BENCHMARK FOR THE PROCESS AND THE USER INTERFACE FOR US AS WE TRY TO DO THE SAME FOR THE INCENTIVE PROGRAMS FOR THIS CORPORATION AS WELL.
SO I'M EXCITED TO HAVE A, WE HAVE A GUINEA PIG COMPANY THAT'S GONNA GO THROUGH AND DO THE APPLICATION
SO, UH, WE'RE VERY THANKFUL TO THEM FOR, FOR THEIR WILLINGNESS TO PARTICIPATE IN THAT WAY AND GIVE US THAT FEEDBACK SO THAT WE CAN CONTINUE TO IMPROVE THE PROCESS.
SO EVENT RECAPS, HOLIDAYS IN HU.
WE HAVE EXECUTED TWO OF OUR THREE EVENTS, UH, THAT THE CORPORATION IS CHARGED WITH IN THE ECONOMIC DEVELOPMENT DEPARTMENT, I SHOULD SAY.
UM, SO SHOPS MODEL SATURDAY, I JUST WANTED TO, UM, REITERATE AND GIVE A SHOUT OUT TO OUR NEW BRS EMILY VITROS.
WE STARTED OUR GIFTY E-GIFT CARD PROGRAM WITH 11 BUSINESSES SIGNED UP.
UM, SO SHE DID A GREAT JOB IN A VERY SHORT TIME, UM, BEING ABLE TO EFFECTIVELY COMMUNICATE THE VALUE OF PARTICIPATING IN THAT PROGRAM AND, UM, ENGAGING WITH OUR BUSINESSES TO GET THEM SIGNED UP AND HELP THEM GET ACTIVATED AS WELL.
SO, UH, WE ALSO HAVE SOME OTHER INQUIRIES FROM OTHER BUSINESSES THAT WE'RE FOLLOWING UP ON AS WELL.
UM, AS PART OF OUR SHOP SMALL SATURDAY CAMPAIGN, OUR COMMUNICATIONS DEPARTMENT
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CREATED ARTWORK FOR THE DIFFERENT EVENTS.AND SO FOR SHOP SMALL SATURDAY, IT WAS THE WREATH WITH THE OPEN SIGN IN THE MIDDLE.
YOU MAY HAVE SEEN THAT ON SOME OF OUR MARKETING EFFORTS.
SO WHAT WE DID FOR OUR YY UH, BUSINESSES AS A THANK YOU, UH, WE RECREATED THOSE IN REAL LIFE.
SO YOU'LL SEE THOSE WREATHS ON YY PARTICIPATING BUSINESSES THROUGHOUT TOWN.
UM, AND SO THEY ARE PROUDLY DISPLAYING THOSE OUTSIDE THEIR BUSINESSES.
SO WE'RE EXCITED TO, TO HAVE THAT KIND OF STAMP OF THE YY BUSINESSES OUT THERE AS WELL.
WE'LL DO ANOTHER PUSH FOR SMALL BUSINESS AHEAD OF SMALL BUSINESS WEEK IN MAY, UM, AND RECRUIT SOME MORE BUSINESSES TO THE YFD PROGRAM AND, UM, PERHAPS COME BACK TO THE BOARD WITH A REQUEST TO SUPPORT THAT INITIATIVE, UH, FINANCIALLY AS WELL.
UM, AND THEN THIS LAST WEEKEND, THE HIPPO CLAW CRAWL TOOK PLACE.
UH, IT IS A RAIN OR SHINE EVENT AND BOY HOWDY DID IT RAIN
UM, BUT THAT DID NOT DAMPEN ANYBODY'S SPIRITS.
EVERYONE WAS SO FESTIVE AND JOLLY AND ALL THE WONDERFUL THINGS THIS TIME OF YEAR.
IT WAS A GREAT COMMUNITY EVENT.
WE HAD A LOT OF FIRST TIMERS, UH, AND A LOT OF REPEAT GROUPS, SO EVERYONE'S VERY EXCITED FOR NEXT YEAR.
SOME OF THE THINGS THAT WE DID, UM, THAT WE ADDED THIS YEAR IS WE HAD A DJ AND HE WAS FANTASTIC.
UM, WE ADDED COLOR STREET AND UM, SO THEY GOT FESTIVE NAIL, UM, ART ON THEIR, THEIR NAILS.
AND THEN WE ALSO ADDED A CIGAR ROLLER AND WE ALSO HAD BEER VENDORS, WHICH WE HADN'T HAD PREVIOUSLY.
SO, UM, JUST THINKING THROUGH DIFFERENT WAYS THAT WE CAN ELEVATE THE EVENT AND INCLUDE MORE PEOPLE.
UM, WE DID HAVE TWO SPONSORS, SO SHOUT OUT TO TAYLOR, UM, FOR GETTING THOSE SKYBOX AND MIDWAY.
THANK YOU VERY MUCH FOR YOUR SPONSORSHIPS ON THAT.
UM, AND WE'RE LOOKING FORWARD TO PUTTING TOGETHER A STRONG SPONSORSHIP MENU FOR NEXT YEAR'S EVENT SO THAT WE CAN, UM, SECURE ADDITIONAL SUPPORT FOR THAT.
I ALSO WANTED TO SHARE THAT IN THE SWAG BAGS FOR OUR HIPPO CLAWS CRAWL.
WE WERE ABLE TO SUPPORT A SMALL BUSINESS, UH, AN AT-HOME BUSINESS BY BUYING THE COCOA BOMBS THAT WERE IN THERE INSIDE OF OUR MUGS FROM A LOCAL AT-HOME BUSINESS.
SO, UM, THAT WAS 800 COCOA BOMBS THAT WE BOUGHT FROM HER AND SHE DID A GREAT JOB TURNING THOSE AROUND IN LIKE A WEEK AND A HALF.
SO
OH, THE TIMING OF THE CRAWL COULD NOT HAVE BEEN BETTER.
SO IT WAS A SOFT OPENING FOR HAPPY PANINI IN THEIR NEW BRICK AND MORTAR LOCATION.
SO, UM, THEY GOT TO CELEBRATE WITH US, UH, THAT NIGHT AS WELL.
AND IN TALKING WITH THE OWNERS, THEY HAD A BANG UP NIGHT, SO THEY HAD LOTS OF TRAFFIC, LOTS OF CUSTOMERS, LOTS OF PEOPLE REALLY EXCITED FOR THEM.
SO ALL AROUND IT WAS JUST A REALLY GREAT EVENT AND A REALLY STRONG SUPPORT FOR OUR LOCAL BUSINESS COMMUNITY.
SO I'M REALLY HAPPY THAT IT WENT SO WELL.
SO THANK YOU TO THIS BOARD FOR YOUR CONTINUED SUPPORT OF THOSE EVENTS.
THIS UPCOMING SATURDAY WE HAVE OUR FINAL EVENT IN ECONOMIC DEVELOPMENT DEPARTMENT FOR HOLIDAYS IN HU IT IS THE HOLIDAY MARKET, SO THAT IS NINE TO FIVE IN DOWNTOWN HU WE DO STILL NEED VOLUNTEERS.
UM, THE ONLY CAVEAT IS YOU HAVE TO BE A CITY EMPLOYEE TO DRIVE THE GOLF CARTS, BUT YOU CAN DO ANYTHING ELSE.
UM, SO I THINK THAT LINK WAS SHARED, BUT I'M HAPPY TO RESEND IT IF THE BOARD WOULD LIKE.
UM, WILLIAMSON COUNTY GROWTH SUMMIT IS ON THE 18TH.
I DID PURCHASE TICKETS FOR, UH, BOARD MEMBER MCLAUGHLIN, BOARD MEMBER OF GONZALEZ AND UM, SECRETARY OWENS.
SO PLEASE MAKE SURE YOU'RE CHECKING YOUR EMAILS.
YOU SHOULD HAVE GOTTEN CONFIRMATIONS AND LET ME KNOW IF YOU DID NOT, SO THAT I CAN REACH OUT TO THE COORDINATORS AND GET THAT SQUARED AWAY FOR YOU.
THAT'S 11 TO ONE AT KALAHARI ON THE 18TH.
THEN OUR NEXT QUARTERLY JOINT MEETING WITH CITY COUNCIL IS SCHEDULED FOR JANUARY 9TH AT 6:00 PM UPSTAIRS IN THE EXECUTIVE CONFERENCE ROOM.
SO THOSE ARE THE UPCOMING EVENTS.
AND THAT CONCLUDES MY COMMENTS.
DOES ANYBODY HAVE ANY QUESTIONS? I'M CURIOUS, ARE WE ABLE TO EXTRAPOLATE, UH, SALES TAX TRENDS ON THESE FOR THESE THREE EVENTS SPECIFIC TO THE AREAS? I DON'T, I DON'T KNOW IF THE CITY CAN PULL THAT OUT.
I, I'D BE CURIOUS AS TO WHETHER WE HAVE ANY DATA TO COMPARE TO PREVIOUS YEARS AND THEN WHAT THE SALES TAX, UM, LOOKS LIKE FOR THOSE THREE EVENTS.
WE, I DUNNO IF THERE'S A WAY TO BREAK IT OUT.
YEAH, I WOULD, I WOULD DEFER TO FINANCE ON HOW FAR WE CAN BREAK THINGS DOWN.
THE ONLY, UH, CHALLENGE I WOULD SEE IS THAT LIKE FOR THE HIPPO CLAUSE CRAWL, THAT'S AT NIGHT AND SO A LOT OF OUR BUSINESSES AREN'T OPEN FOR, FOR BUSINESS.
UM, THEY'RE MORE PARTICIPATING AS STOPS TO KIND OF PROMOTE THEIR BUSINESS.
UM, BUT I JUST, I'M NOT SURE HOW MUCH DETAIL WE'D BE ABLE TO GET THERE.
AND THEN ALSO FOR THE MARKET, THERE'S A LOT OF VENDORS, SO IT'S NOT NECESSARILY OUR BUSINESS.
UM, THOSE ARE SOME OF THE CHALLENGES, BUT I'LL LET CHRISTINA SPEAK TOO.
YOU USED THE GIFT CARD, UH, EVENT.
YEAH, MAYBE WE SHOULD LOOK AT THE GIFT CARD EVENT.
CHRISTINA, DID YOU WANNA ADD ANY DETAIL ABOUT HOW
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TO CAPTURE? UM, WE'VE GOTTEN QUESTIONS LIKE THIS BEFORE.SO BUSINESSES REPORT THEIR SALES TAX ON A MONTHLY BASIS, SO IT'S REALLY IMPOSSIBLE TO BREAK DOWN WHAT'S HAPPENED EACH WEEKEND.
UM, BUT I THINK THERE'S A ECONOMIC DEVELOPMENT SOFTWARE THAT CAN KIND OF, UH, BACK INTO HOW MUCH FOOT TRAFFIC, UM, HAS BEEN, HAS OCCURRED.
BUT WE CAN'T GET EXACT SALES TAX DOLLARS FROM THE COMPTROLLER JUST BECAUSE IT'S NOT REPORTED THAT WAY.
I WOULD LIKE TO SEE WHAT THE ECONOMIC IMPACT IS NOT NECESSARILY THE BENEFIT OF THE SALES TAX, BUT OVERALL REVENUE.
AGAIN, I'M NOT SURE ABOUT THE REVENUE PIECE, BUT CHRISTINA ALLUDED TO A SOFTWARE THAT WE HAVE PLACE OUR AI AND WE DO COMPARE EVENTS YEAR OVER YEAR TO SEE WHAT THE TRAFFIC IS, SO HOW MANY PEOPLE ATTENDED.
AND SO WE ALSO SHARE THAT SOFTWARE WITH PARKS SO THEY'LL BE ABLE TO SEE HOW MANY PEOPLE ATTEND THEIR DIFFERENT EVENTS THROUGHOUT THE YEAR.
AND WE ALSO SHARE THAT WITH THE CHAMBER SO THAT THEY CAN CAPTURE ATTENDEES FOR THEIR, UM, TWO MARQUE EVENTS AS WELL.
SO MAYBE IN A, MAYBE IN A FUTURE MEETING THAT MM-HMM
SO IS THERE A WAY, SINCE YOU CAN'T REPORT INDIVIDUAL EVENTS, HOW ABOUT LOOKING AT, UH, MONTHLY OR QUARTERLY AMOUNTS THAT COME IN AND THEN YOU CAN LOOK AT WHAT EVENTS OCCURRED DURING THOSE TIMEFRAMES? IS THAT POSSIBLE? I THINK SO.
SO ONE THING WE CAN DO IS WE CAN SEE WHAT BUSINESSES HAVE DONE FOR THE ENTIRE MONTH AND COMPARE IT YEAR OVER YEAR.
UH, THE ONLY CHALLENGE IS DECEMBER JUST IN GENERAL IS A VERY POPULAR SALES TAX MONTH.
IT'S USUALLY YOUR BIGGEST ONE BECAUSE OF THE HOLIDAYS.
SO, UM, WE, WE CAN SEE WHAT'S INFORMA, WE CAN, WE CAN GET DOLLARS FOR THE MONTH AND SEE IF WE CAN FIND ANY TRENDS YEAR OVER YEAR THAT MIGHT BE HELPFUL.
IT WOULD BE GOOD TO HELP JUSTIFY, WELL DO WE WANNA DO MORE OF THIS OR, YOU KNOW, TO AMPLIFY IT FOR THE FOLLOWING YEAR JUST TO GET A BETTER MEASURE.
DO YOU NEED THE BOARD WIN? YEAH, I TURNED IT OFF.
THAT'S WHAT I WAS TRYING TO DO EARLIER, BUT I ACCIDENTALLY TURNED OFF THE MICS TOO.
HOW ABOUT A FOLLOW UP QUESTION ABOUT THE INTERSECTION PROJECT HAS IS PROJECT IS MIDWAY PLEASED WITH THE PROGRESS WE'RE MAKING ON GETTING THAT OVERPASS DESIGNED AND, AND SQUARED AWAY, AND HAVE THEY GIVEN ANY INDICATION ABOUT AT WHAT POINT THEY WILL BE ABLE TO MOVE FORWARD WITH THEIR OWN? THANK YOU FOR THAT.
I, UM, I GOT VERY EXCITED TO GET TO THE EVENT, SO I DID SKIP OVER JUST A LITTLE BIT IN THERE.
UM, BUT YES, SO, UH, ONCE WE HAVE THE DRAFT DESIGN HOPEFULLY HERE BEFORE, UM, THE END OF DECEMBER, WE'LL SHARE THAT OVER WITH MIDWAY.
AND THEN, UM, SOME EASEMENTS THAT ARE ON FOR EXECUTIVE SESSION TONIGHT, THOSE ARE THE FINAL TWO PIECES THAT MIDWAY NEEDS TO BE ABLE TO MOVE FORWARD AND FINALIZE THEIR CONCEPT PLAN.
UM, BUT THEY ALSO DID SUBMIT THEIR SER, SO THEIR SERVICE EXTENSION REQUESTS, SO THEY HAVE CALCULATED KIND OF WHAT THEIR ANTICIPATED USE TYPES ARE, UM, AND ARE SUBMITTING THAT TO THE CITY, UH, TO GET, UM, UTILITY SERVICE, UH, AGREEMENTS OR, OR SORT OF CAPACITY THAT THE CITY IS ABLE TO ACCOMMODATE THERE AND GET THAT, UH, UNDERWAY AS WELL.
SO THEY ARE, THEY'RE DOING WHATEVER THEY CAN IN THE MEANTIME, BUT THESE FINAL TWO PIECES WILL BE CRITICAL FOR THEM TO, TO BE ABLE TO COMPLETE THE REMAINING ITEMS IN THE MOU.
ANYONE ELSE HAVE ANY QUESTIONS, COMMENTS? OKAY.
UM, MOVING TO ITEM SIX, AGENDA ITEM 6.1, DISCUSSED AND CONSIDER ACTION TO APPROVE THE CORPORATION'S MINUTES FROM THEIR MEETING ON NOVEMBER 12TH, 2024.
CHAIRMAN, IF WE ACCEPT THE MINUTES AS PRESENTED, UM, I HAVE A COUPLE QUESTIONS, UM, YES, UH, COMMENTS JUST REAL QUICK ABOUT THAT BEFORE WE DO THAT, IF THAT'S OKAY? OKAY.
UM, SO I THINK IN THE, IN THE LAST MEETING ON SIX FIVE WHEN WE DISCUSSED, UM, WE DIDN'T HAVE ANY ACTION ON THE DISCUSSION REGARDING THE DEFINITION OF SUBSTANTIAL COMPLETION AND FINAL COMPLETION, UM, HAVE WE MADE ANY PROGRESS ON THAT OR IS THERE, IS THAT SOMETHING THAT WE DON'T TALK ABOUT UNTIL NEXT? UM, I'M NOT SURE WHEN TO TALK ABOUT THAT.
UM, I KNOW THAT THAT WAS GONNA BE A CONVERSATION WITH CHENEY AND CITY ENGINEER, CHENEY ENGINEER AND I DON'T KNOW.
YEAH, THAT DEFINITION HAS NOT BEEN PROVIDED TO JORDAN FOSTER YET.
AND THEN THE OTHER THING I JUST WANTED TO, UM, JUST MENTION REAL QUICKLY IS JUST THAT, UM, WE DID DISCUSS, UM, ON ITEM 6.7, UM, JUST THAT, UH, MEMBER GONZALEZ MYSELF AS WELL AS, UH, TREASURER GIDEON, JUST RE WE JUST NEED ACCESS TO THE CLEAR, CLEAR GOV.
AND SO THAT JUST IS STILL OUTSTANDING.
UM, AND THEN ALSO JUST THAT THE, UH, FUTURE AGENDA ITEMS THAT THE, THAT THE REVIEW OF THE BYLAWS WAS ADDED FOR, UH, THIS PARTICULAR MEETING
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AND I JUST DID NOT SEE THAT ANYWHERE SPECIFICALLY.SO I JUST WANTED TO, YEAH, I MISSED THAT.
I DIDN'T DO THE MINUTES UNTIL THIS MORNING AND I DIDN'T SEE THAT REQUEST, SO IT DID NOT MAKE IT ONTO THE AGENDA.
SO I'LL MAKE SURE AND PUT THAT ON FOR JANUARY.
SO, UM, I'VE GOT A MOTION BY BOARD BERG KELLY MCLAUGHLIN AND SECONDED BY TREASURER HENRY GIDEON.
UM, ANY OTHER DISCUSSION ON THIS ITEM? I BELIEVE THE MOTION WAS VICE CHAIRMAN IN YES.
YOU, YOU WERE JUST TALKING LAST, SO MY BRAIN, I WAS JUST INTERRUPT.
I WAS JUST INTER I WAS JUST INTERRUPTING THE MOTION.
DO I GET CREDIT FOR THAT?
UM, IT WAS FIRST BY, UM, VICE CHAIR MATT MITTEN AND SECONDED BY TREASURER, UM, HENRY GIDEON.
UM, ANY OTHER DISCUSSION ON THIS ITEM? CAN I GET A CALL TO VOTE PLEASE? BOARD MEMBER MCLAUGHLIN AYE.
MOVING ON TO SIX TWO, DISCUSS AND CONSIDER ACTION TO APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT FOR NOVEMBER, 2024.
HI, GOOD EVENING, BORA CHRISTINA BISHOP, CITY CONTROLLER.
I SENT OUT THE FINANCIAL STATEMENTS YESTERDAY MORNING, MUCH LATER THAN USUAL, I APOLOGIZE.
BUT, UH, THE EDC AND CITY START THEIR AUDIT NEXT WEEK, SO IT'S BEEN A VERY HECTIC COUPLE OF WEEKS FOR FINANCE.
UM, SO THE AUDIT WILL START NEXT WEEK.
THE AUDITORS WILL BE HERE ON SITE.
UM, AND WE SHOULD HAVE OUR AUDITED FINANCIAL STATEMENTS BY FEBRUARY.
UM, A NOT A WHOLE LOT OF ACTIVITY TO REPORT.
UM, THE ALLIANCE BANK ACCOUNT WAS UPDATED AS OF DECEMBER 5TH TO A CHECKING ACCOUNT, SO THE INTEREST EARNINGS SHOULD BE REFLECTED ON A DECEMBER, UH, ALLIANCE BANK STATEMENT.
INTEREST RATES DID DROP A LITTLE BIT SINCE, UH, WE, WE'VE, WE ADOPTED THE RESOLUTION, SO THE INTEREST RATE WE'RE GONNA BE EARNING IS 3.05% IN COMPARISON TO YOUR TAX POOL ACCOUNT, WHICH IS EARNING 4.62.
UM, ALL THINGS CONSIDERED, I THINK THE 3% IS A WIN, UH, CONSIDERING WE WERE EARNING ZERO ON OVER A MILLION DOLLARS.
UM, THE OTHER THING I JUST WANNA TOUCH ON IS THAT, UH, THERE WAS ANOTHER STRONG SALES TAX MONTH.
THE NOVEMBER RECEIPTS WERE UP 12% YEAR OVER YEAR.
UH, SO I THINK THAT'S REALLY GREAT NEWS.
IT'S BEEN A VERY STRONG FIRST COUPLE OF MONTHS TO THE FISCAL YEAR.
ANY QUESTIONS? MM, WHEN DID THE ACADEMY OPEN? UH, ABOUT A YEAR AGO.
SO THIS, THAT'S PROBABLY A BIG DRIVER I WOULD THINK IN THE RETAIL.
YEAH, DECEMBER SHOULD BE VERY AL THEN BECAUSE IT'LL BE, THEY HAD A VERY STRONG DECEMBER MONTH, SO MM-HMM
I APPRECIATE YOUR WORK AND GETTING THAT OTHER ACCOUNT OPEN, SO THAT'S GREAT.
OR MOVING THE MONEY TO A HIGH YIELD SAVINGS.
DO WE HAVE ANY OTHER COMMENTS OR MOTION? I'LL MOVE TO APPROVE.
SO WE HAVE, UM, I'VE GOT A MOTION BY TREASURER HENRY GIDEON AND SECONDED BY BOARD MEMBER, UM, KELLY MCLAUGHLIN.
UM, ANY OTHER DISCUSSION ON THIS ITEM? UM, CAN YOU CALL VOTE PLEASE? VICE CHAIRMAN MINTON AYE.
THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE IN THE 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 REGARDING THE LITIGATION, UM, PERTAINING TO JRS COMPANY INC.
THE LITIGATION PER PERTAINING TO FARM LEASE AT THE MEGASITE PROJECT MAESTRO, UH, SPINE ROAD CONSTRUCTION PROJECT, THE MEGASITE PROJECT PROJECT TITAN PROJECT FLEX PROJECT STRAT THREE PROJECT
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FAY PROJECT, SQL PROJECT HU HOLLOW, THE PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES INCLUDING UTILITIES AND INFRASTRUCTURE AND THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES.UM, THE TIME IS NOW 6 58 AND WE ARE GOING INTO EXECUTIVE SESSION.
OKAY, THE TIME IS NOW EIGHT 11 AND WE ARE BACK FROM EXECUTIVE SESSION.
ACTION ITEM RELATED RELATIVE TO EXECUTIVE SESSION 8.1.
DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH 2024 DASH THREE 19 REGARDING AN EXTENSION OF THE OPTION PERIOD FOR PROJECT SQL.
UH, MADAM CHAIR, I WOULD LIKE TO MAKE A MOTION TO ADOPT RESOLUTION R 2024 DASH THREE 19, UH, TO EXTEND THE OPTION PERIOD FOR PROJECT SQL.
UM, I'VE GOT A MOTION BY BOARD MEMBER KELLY MCLAUGHIN AND SECONDED BY VICE CHAIR MATT MITTEN.
ANY OTHER DISCUSSION ON THIS ITEM? OKAY, CAN YOU PLEASE CALL A VOTE TREASURER GIDEON AYE.
7 0 8 0.2 DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH 2024 DASH THREE 20 REGARDING THE ASSIGNMENT OF THE EASEMENT TO THE CITY OF HUDA FOR INFRASTRUCTURE AND INSTALLATION OF UTILITIES ON THE CORPORATION OWNED COTTONWOOD PROPERTIES.
MADAM CHAIR, I'LL MAKE THE MOTION THAT WE APPROVE THE RESOLUTION.
R DASH 2 0 2 4 DASH THREE 20 REGARDING THE EASEMENT ASSIGNMENT OF EASEMENTS, PARDON ME, TO THE CITY OF HUDU FOR INFRASTRUCTURE AND INSTALLATION OF UTILITIES ON CORPORATION OWNED COTTONWOOD PROPERTIES.
OKAY COUNSEL, DO WE ALSO NEED TO INCLUDE LANGUAGE TO, UH, UM, AUTHORIZE THE CHAIR TO EXECUTE THE AGREEMENT IN A FORM APPROVED BY COUNSEL BECAUSE WE OKAY.
FRIENDLY AMENDMENT FROM STAFF
SO, UM, I'VE GOT A MOTION BY, UH, TREASURER HENRY GIDDENS AND SECONDED BY SECRETARY TERRANCE OWENS.
ANY OTHER DISCUSSION ON THIS ITEM? CAN YOU CALL VOTE, UH, VOTE PLEASE.
THIS MOTION PASSES 7 0 8 0.3 CONSIDERATION AND POSSIBLE ACTION RELATED TO ANY OTHER ITEM DISCUSSED IN EXECUTIVE SESSION.
I DON'T THINK WE HAD ANYTHING WE DON'T HAVE.
UM, ITEM NINE, FUTURE AGENDA ITEMS, ANY FUTURE AGENDA ITEMS? I THINK THAT ONE THAT WE HAD DISCUSSED WAS ADDING THE BYLAWS FOR THE NEXT MEETING.
BYLAW REVIEW AND THEN ALSO, UM, HAVING A WORKSHOP, UM, AT FOUR O'CLOCK FOR OUR NEXT MEETING, JANUARY 9TH OR JANUARY 13TH AT 4:00 PM AND THEN ALSO, UM, AN OUTSIDE TEAM BUILDING WORKSHOP POSSIBILITIES FOR NEXT YEAR.
ANYBODY ELSE HAVE ANYTHING ELSE THAT THEY WANNA ADD TO THE AGENDA? AND THEN IF THERE IS ANYTHING THAT YOU THINK OF, UH, FEEL FREE TO EMAIL CHANEY AND SHE CAN PUT THAT ON THE AGENDA BETWEEN NOW AND THEN.
CHAIR, I DID HAVE ONE QUESTION, UH, JUST COMING OUT OF THE WORKSHOP PREVIOUSLY, IF YOU WANTED A FORMAL ITEM ON FOR YOUR WORKSHOP AND OR, UM, AGENDA ON THE 13TH FOR, UM, SPECIFIC FOR STAFF TO BRING SPECIFIC ITEMS IN THE DIFFERENT CATEGORIES THAT WERE DISCUSSED IN THE WORKSHOP.
FOR LIKE SPECIFIC YEAH, I'D LIKE THE RECOMMENDATIONS AND THEN THE GOALS.
THAT WOULD BE STRATEGIC STRATEGIC OBJECTIVES, RIGHT? YEAH.
STRATEGIC OBJECTIVES IS THE, YEAH.
SO STAFF WOULD PREPARE MM-HMM
AND THEN WE WOULD REVIEW MM-HMM
AND THEN ALSO IF YOU COULD LOOK INTO WHAT WOULD BE, UM, GOOD FITS FOR, UM, TEAM
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BUILDING IDEAS FOR NEXT YEAR, JUST TO MAKE SURE WE'RE NOT A WALKING QUORUM AND OR PROMOTING THAT IN ANY WAY.UM, THE TIME IS NOW EIGHT 16 AND WE ARE ADJOURNED.