ALL RIGHT. ALL RIGHT. THE TIME IS 632.
[(EDC) Board Meeting/(CDC) Board Meeting on August 11, 2025.]
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AND I CALL THIS REGULARLY SCHEDULED ECONOMIC DEVELOPMENT CORPORATION. TYPE A AND TYPE B BOARD MEETING TO ORDER.CARLSON. PRESENT. SECRETARY MORALES.
PORTERFIELD. HERE. BOARD MEMBER.
SNYDER. HERE. DO YOU HAVE QUORUM? ON TO THE PLEDGE. I 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 FOR ALL. HONOR THE TEXAS FLAG.
ONE STATE UNDER GOD, ONE AND INDIVISIBLE.
ALRIGHT. ITEM FOR PUBLIC COMMENT.
DO WE HAVE ANYONE SIGNED UP? NO, SIR. AWESOME. ON TO ITEM FIVE ONE.
CONDUCT A PUBLIC HEARING FOR THE CONSIDERATION OF INCENTIVES FOR PROJECT.
EXCUSE ME. PROJECT SPROUTS, A COMMERCIAL DEVELOPMENT PROJECT NEAR STATE HIGHWAY 130 AND HIGHWAY 79.
THANK YOU. CHAIR. SO, PER STATE LAW FOR EDC TO AWARD INCENTIVES OR EXPEND FUNDS FOR INCENTIVES, WE ARE REQUIRED TO HOLD A PUBLIC HEARING.
SO JUST A LITTLE BIT MORE DETAIL ABOUT THAT PROJECT.
IT'S A PROPOSED COMMERCIAL DEVELOPMENT ON THE NORTHEAST CORNER OF HIGHWAY 79 AND STATE HIGHWAY 130. IT'S PLANNED TO BE ANCHORED BY AN APPROXIMATE 23,000 SQUARE FOOT SPROUTS FARMERS MARKET GROCERY STORE, WITH AN ADDITIONAL 24,000FT² OF PLANNED COMMERCIAL SPACE SPLIT BETWEEN TWO MULTI-TENANT BUILDINGS AS WELL AS PAD SITES FOR ADDITIONAL TENANTS.
THEY'RE SEEKING INCENTIVES OF $875,000 FROM THE EDC IN THE FORM OF ECONOMIC DEVELOPMENT GRANT FUNDS, TO BE SPREAD OUT OVER A THREE YEAR TERM CONDITIONED UPON THE OPENING OF THE SPROUTS STORE AND THE COMPLETION AND PARTIAL LEASING OF THE TWO ADDITIONAL MULTI-TENANT BUILDINGS. ANYTHING ELSE ON THAT? NONE. OKAY. SO WE WILL CLOSE THE HEARING AT 634.
DISCUSS AND CONSIDER A PRESENTATION FROM STAFF.
EXCUSE ME FROM STAFF REGARDING AN UPDATE ON ECONOMIC DEVELOPMENT PROJECTS, INCENTIVES AND PRIORITIES. THANK YOU.
OKAY. SO WE'VE HAD SOME CHANGES TO OUR BOARD, AND I'VE NOT BEEN ABLE TO CONNECT WITH EVERYONE AND GET ONBOARDED.
SO I JUST WANTED TO DO A RECAP KIND OF OVER THE LAST 18 TO 24 ISH MONTHS.
AND I DID TRY MY BEST TO DRAW SORT OF THE GRAY LINE BETWEEN EDC ITEMS AND ECONOMIC DEVELOPMENT FROM THE CITY SIDE.
SO THIS IS PRIMARILY GOING TO BE THINGS THAT ARE DIRECTLY IMPACTED BY OR FROM THE EDC.
SO WE'LL GO OVER SOME KEY PROJECTS, PARTNERSHIP UPDATES AND STRATEGIC MILESTONES.
AND IT'S ABOUT A 24 MONTH ISH ACTIVITY RECAP.
SO WE'LL TALK ABOUT THE STRATEGIC PLAN, BUSINESS RECRUITMENT AND RETENTION, INFRASTRUCTURE DEVELOPMENT AND SITE ACQUISITION, MASTER PLANNING AND THEN SOME COMMUNITY ENGAGEMENT AND SUPPORT PROGRAMS. SO FIRST OFF, THE ECONOMIC DEVELOPMENT CORPORATION BOARD DID COMPLETE A STRATEGIC PLAN. TO MY KNOWLEDGE, IT IS THE FIRST ONE THAT THE EDC, THE EDC HAS DONE. DEFINITELY IN MY TENURE ON THE BOARD PRIOR TO BEING ON STAFF INCLUDED.
SO IT TOOK APPROXIMATELY 90 DAYS.
THERE WERE MULTIPLE WORK SESSIONS SPECIAL CALLED TO ACHIEVE THAT.
IT DOES ALIGN WITH THE CITY COUNCIL STRATEGIC PLAN, AND IT DID USE A VARIETY OF RESOURCES AND INPUTS.
SO THAT STRATEGIC PLAN THAT COUNCIL ADOPTED EARLIER THIS YEAR, THE COMP 2040 PLAN, THE VARIOUS MASTER PLANS OF THE CITY, AS WELL AS STAFF INSIGHTS.
THIS DIFFERS A LITTLE BIT FROM THE STRATEGIC PLAN FROM COUNCIL.
IT GOES A LITTLE BIT MORE IN DEPTH AND INCLUDES GOALS.
SO THOSE INCLUDE CERTAIN DELIVERABLES FROM STAFF AND METRICS TO RECORD OUR PROGRESS AND WHETHER OR NOT WE ACHIEVE THOSE GOALS.
AND THEN ALSO TO HELP IT BETTER ALIGN WITH THE, THE STRATEGIC PLAN FROM THE CITY.
THERE'S AN EXECUTIVE SUMMARY THAT'S A ONE PAGER THAT THE CITY HAS.
AND SO WE ARE WORKING ON THAT TO MAKE THAT A LITTLE BIT EASIER TO DIGEST AND, AND EASY REFERENCE MARKETING AND RECRUITMENT EFFORTS.
SO JUST THIS LAST YEAR WE UPDATED AND RELAUNCHED THE EDC WEBSITE.
THERE WERE SOME SECURITY CONCERNS WITH THE PREVIOUS PLATFORM, AND SO WE WERE ABLE TO INCREASE INTERNAL CONTROLS, AS WELL AS SAVE ABOUT A LITTLE OVER $3,000 A YEAR ON THAT.
WE STANDARDIZE OUR MARKETING MARKETING COLLATERAL FOR OUR REQUEST FOR INFORMATION
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RESPONSES. THAT HELPS US BE MORE EFFICIENT.JUST KIND OF A STANDARD RESPONSE COVER LETTER DEMOGRAPHIC DETAILS, THINGS LIKE THAT THAT ARE PRETTY TYPICAL IN THOSE RFI RESPONSES.
WE ALSO CREATED CUSTOM MARKETING MATERIALS FOR SITE VISITS.
SO I SAY CUSTOM, BUT IT'S ACTUALLY STANDARDIZED ALSO.
BUT THOSE ARE KIND OF CONFLICTING. SO IT IS CUSTOMIZABLE.
SO THAT AGAIN HAS SPECIFIC INDUSTRY INFORMATION STRUCTURED AND READY TO GO SO THAT WE'RE ABLE TO RESPOND QUICKLY. WE'RE ATTENDING ICSC FOR A RETAIL RECRUITMENT, AND THEN WE'RE LEVERAGING OUR AREA PARTNERS, WILCO, EDP, OPPORTUNITY AUSTIN, AND THE GOVERNOR'S ECONOMIC DEVELOPMENT OFFICE FOR DIFFERENT LEADS.
AND THOSE ARE COMING FROM NATIONAL AND INTERNATIONAL RECRUITMENT EFFORTS.
WE ARE ALSO CONSISTENTLY PUTTING OUT ADS EACH YEAR IN THE COMMUNITY IMPACT AND THE TEXAS REAL ESTATE BUSINESS JOURNAL. AND THEN WE ALSO DID THE AUSTIN BUSINESS JOURNAL BOOK OF LISTS AND STRATEGICALLY PLACED US RIGHT NEXT TO THE COMMERCIAL REAL ESTATE LIST.
SO TRYING TO BE VERY INTENTIONAL ABOUT WHERE WE PUT THOSE.
AND THEN WE'RE ALSO LEVERAGING PLACER.AI REPORTS THE LEAKAGE REPORT AND THE VOID ANALYSIS TO HELP US IDENTIFY THE GREATEST OPPORTUNITY TO IMPACT THE COMMUNITY WITH THE TYPE OF RECRUITMENT FOR RETAIL AND COMMERCIAL THAT WE PURSUE.
COMMUNITY ENGAGEMENT COLLABORATION WITH THE CHAMBER EDUCATIONAL PARTNERS OUR K-12, AS WELL AS OUR HIGHER ED INDUSTRY EXPERTS AND OUR AREA WORKFORCE TRAINING GROUPS.
WE HAVE A FIRST EVENT COMING UP ON NOVEMBER 5TH.
SO THIS IS AN INITIATIVE THAT THE CHAMBER KICKED OFF AROUND WORKFORCE AND REALLY CREATING A PIPELINE FROM OUR K-12 ALL THE WAY THROUGH OUR INDUSTRY PARTNERS AND ALIGNING THE NEEDS THERE. WE'RE ATTENDING.
OOPS. SORRY, I SKIPPED ONE. HOLIDAYS AND EVENT SERIES.
EVENT SERIES. SO WE KICKED OFF SPONSORSHIPS THIS LAST YEAR.
WE REDID THE BRANDING AND THEN ALSO COORDINATED THREE OF THE EVENTS THAT WAS NEW FOR ECONOMIC DEVELOPMENT THIS YEAR.
ATTENDING RIBBON CUTTINGS, CHAMBER LUNCHEONS AND THEN SHARING OUR DATA FROM PLACER.AI. IN ADDITION TO THOSE VOID AND LEAKAGE REPORTS, WE ALSO GET WE CAN GEOFENCE CERTAIN AREAS AND SHARE WHEN THERE'S EVENTS.
SO WE SHARE THAT WITH OTHER DEPARTMENTS.
SO FOR EXAMPLE, WE CAN SHARE THAT WITH THE LIBRARY WHEN THEY HOST EVENTS HERE AT CITY HALL. WE CAN SHARE THAT WITH PARKS FOR LIKE 4TH OF JULY.
WE CAN ALSO SHARE IT AND HAVE SHARED IT WITH THE CHAMBER FOR THEIR MARQUEE EVENTS LIKE CRAWFISH AND OLD TIME DAYS AS WELL.
PRESENTATIONS. WE CONTINUE TO ENGAGE IN THE COMMUNITY AND OUR DIFFERENT GROUPS AND ORGANIZATIONS. WE'VE PRESENTED TO LIONS CLUB THE ESD THREE BOARD, THE PROPERTY INFORMATION EXCHANGE, WHICH IS ACTUALLY WHERE I MET CAITLIN.
SO WHICH IS A COMMERCIAL REAL ESTATE GROUP.
WOMEN IN MEDIA. AND THEN ALSO THE STATE SALES TAX TRAINING THAT WAS PUT ON BY THE TDC.
WE PRESENT EVERY SESSION OF CITIZENS UNIVERSITY WE PRESENTED TO ROTARY CLUB AND THEN ALSO PRESENT EVERY MONTH AT THE POWER BREAKFAST.
FOR OUR BIG AND SMALL BUSINESS SUPPORT.
SO WE'VE ENGAGED WITH MAESTRO.
IT'S BEEN, I THINK, EIGHT MONTHS.
SHE'S OUR BUSINESS RESOURCE SPECIALIST AND ENGAGED WITH MAESTRO AND WAS ABLE TO CONNECT THEM TO THE RIGHT FOLKS AT TSC.
AND SO THEY'RE LEVERAGING THOSE RESOURCES AS FAR AS WORKFORCE DEVELOPMENT AS WELL AS SOME TRAINING OPPORTUNITIES.
AND THEN WE CONTINUE TO PURSUE A POTENTIAL LAND SWAP OPPORTUNITY AND THEN PROVIDE DEVELOPMENT SUPPORT, AND WE'LL CONTINUE TO DO SO AS FAR AS WHAT THEY MIGHT NEED FOR THE PERMITTING PROCESS, ETC.
SHOULD THEY DECIDE TO MOVE FORWARD.
WE ALSO HAVE A BOOKSTORE OPPORTUNITY THAT'S AN EXPANSION.
IT'LL BE THEIR FIRST ONE IN HUTTO, BUT AN EXPANSION.
THEY ACTUALLY OWN SEVERAL OTHER BUSINESSES, SO WE'RE EXCITED TO BRING THAT FORWARD.
SHOULD THEY NEED ANY SUPPORT FROM THE EDC.
BUT THAT'S JUST ONE OF OUR SMALL BUSINESS SUPPORTS THAT WE'RE WORKING THROUGH.
WE ALSO HAVE BEEN CONSISTENT WITH OUR QUARTERLY BIZ THRIVE EVENTS.
SO WE FOCUS ON DIFFERENT CRITICAL AREAS FOR SMALL BUSINESS, WHETHER THAT'S YOU'RE STARTING A BUSINESS, YOU HAVE A BUSINESS.
SO WE FOCUS ON MARKETING AND LEGAL REAL ESTATE KIND OF SELECTION, YOU KNOW, WHAT LOCATION? AND THEN ALSO SOME FINANCIAL INSIGHTS AS WELL.
WE'VE ALSO UPDATED THE BUSINESS DIRECTORY.
WE CURRENTLY HAVE 580 BUSINESSES LISTED.
THAT'S A CONSTANT KIND OF PRUNING EFFORT BECAUSE WE HAVE A LOT OF BUSINESSES COMING TO HUTTO, BUT THEN WE ALSO HAVE SOME THAT ARE CLOSING OR THEIR CHANGING NAME CHANGING OWNERSHIP, THINGS LIKE THAT. SO WE WANT TO KEEP THAT ACCURATE. EMILY'S DONE A GREAT JOB WITH THAT. KEEPING AN ACCURATE CRM TO RECORD ALL OF OUR BUSINESS SUPPORT ACTIVITIES, WHETHER THAT'S PHONE CALLS, EMAILS, MEETINGS ALL THOSE ACTIVITIES ARE RECORDED SO THEY CAN BE REPORTED OUT AS WELL.
ALSO CONDUCTING ONE ON ONE BUSINESS VISITS.
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THERE'S BEEN 90 VISITS IN THE LAST EIGHT MONTHS WITH 42 INDIVIDUAL BUSINESSES.AND THEN THERE'S ALSO AN ANNUAL BUSINESS SURVEY THAT GOES OUT AND WE COLLECT INFORMATION ABOUT KIND OF THE CURRENT STATUS OF THAT BUSINESS, BUT THEN ALSO WHAT THEY'RE EXPECTING, IF THEY'RE EXPECTING TO GROW BY HOW MUCH, IF THEY'RE EXPECTING TO SHRINK BY HOW MUCH, STAY ABOUT THE SAME, AND THEN ALSO WHAT THEIR BIGGEST CHALLENGES ARE FOR ADDITIONAL PROSPERITY, WHETHER THAT'S, YOU KNOW, INFLATION.
BUT IF IT'S WORKFORCE OR IF IT'S, YOU KNOW, WE NEED ANOTHER LOCATION OR A BIGGER, BIGGER SPACE, THINGS LIKE THAT.
THOSE ARE THINGS THAT WE CAN DEFINITELY HELP WITH. SITE ACQUISITION.
SO IN MARCH 2023, THE EDC PURCHASED THE COTTONWOOD PROPERTIES 250 ACRES PLANNED MIXED USE DEVELOPMENT. AND THEN IN NOVEMBER OF THAT YEAR SELECTED MIDWAY AFTER AN RFP PROCESS FOR THE MASTER DEVELOPMENT OF THAT PROPERTY FOCUSING ON MIXED USE WALKABLE DESTINATION TO INCLUDE RETAIL, GROCERY, RESIDENTIAL AND PARKLAND, AS WELL AS MULTIPLE CITY USES.
SO AS WE'VE DISCUSSED BEFORE, BUT JUST TO REITERATE, THERE ARE CURRENTLY THREE FACILITIES PLANNED CITY FACILITIES PLANNED FOR THE COTTONWOOD PROPERTIES THE JUSTICE CENTER, REC CENTER, AND LIBRARY.
SO LAND HAS BEEN SET ASIDE FOR THOSE USES ON THE COTTONWOOD PROPERTIES.
MOVING ON TO THE MEGA SITE THIS IS THE BIG INDUSTRIAL PARK OUT ON 79 AND 33.
49 EDC OWNS APPROXIMATELY 450 ACRES OF THAT, AND I'LL GO THROUGH KIND OF THE CURRENT PROJECTS AND THE ACTIVITY THAT WE'VE HAD OUT THERE.
SO FIRST, THE ACTIVE PROJECTS.
SO RIGHT NOW WE HAVE THREE CONTRACTS OUT THERE, STRAT, THREE FLEX AND SCL.
AND THEN POTENTIALLY PROJECT MAESTRO IS GOING TO BE A POSSIBLE LAND SWAP WE'RE STILL WORKING THROUGH. DISCUSSIONS ARE ONGOING WITH THAT, BUT WE'RE EXCITED ABOUT THAT OPPORTUNITY.
THEN ALSO ON THE MEGA SITE OUTSIDE OF THE EDC LAND, THERE'S PROJECT TITAN, WHICH IS ABOUT 180 ACRES FOR A PLANNED INDUSTRIAL PARK, AND PROJECT SKYBOX, WHICH IS 210 ACRES.
THAT'S DATA CENTER CAMPUS, BUT ALSO INCLUDES AN LCRA AND ENCORE POWER FACILITIES. SO INACTIVE PROJECTS.
AND THIS IS JUST WHAT I COULD FIND BECAUSE SOME OF THIS DOES PREDATE ME.
BUT THESE ARE SOME OF THE PROJECTS THAT HAVE COME THROUGH FOR CONSIDERATION BUT HAVE NOT LANDED. SO WE HAVE PRIMERO FE, FIRE ROCK AND CHEM DC TO CHICAGO.
GRACELAND. POLY POLLY, TPX2, MARGARITA AND PUMPKIN.
AND SO I WANTED TO INCLUDE THOSE BECAUSE I DIDN'T WANT TO GIVE THE IMPRESSION THAT WE'RE LANDING EVERYTHING THAT COMES THROUGH.
NOR SHOULD WE BE, BECAUSE THERE'S GOING TO BE PROJECTS THAT COME THROUGH THAT AREN'T A GOOD FIT. AND THEN ALSO, I THINK IT JUST SHOWS THE ACTIVITY ON THE SITE, WHICH I THINK IS IMPORTANT TOO.
AND THEN SOME INACTIVE OR ONE INACTIVE PROJECT THAT'S ON NON EDC LAND AS WELL.
IT'S PROJECT GARDEN AND THAT WAS A 300 ACRE PROJECT THAT WAS A PHARMACEUTICAL MANUFACTURING. AND THEY SELECTED ANOTHER SITE.
INFRASTRUCTURE AND INVESTMENT HIGHLIGHTS. SO THE MEGA-SITE SPINE ROAD, AS WE WERE JUST DISCUSSING PRIOR TO THE MEETING, IS COMPLETE.
AND THAT'S OUR PHASE ONE OF THAT PROJECT.
AND THAT'S THE ROADWAY, WATER, WASTEWATER AND DRAINAGE, AS WELL AS THE DETENTION POND THAT IS COMPLETE AND ACCEPTED AS OF A COUPLE OF WEEKS AGO AT CITY COUNCIL SOME INCENTIVES THAT HAVE BEEN AWARDED OVER THE LAST COUPLE OF YEARS.
WE HAVE NRK2 WAS THE PROJECT NAME THAT'S TOWN WEST COMMONS PHASE TWO, AND THAT INCLUDES THE ACADEMY AND CHEWY'S AND SOME ADDITIONAL COMMERCIAL THAT IS STILL TO COME. PROJECT V WAS IS NOW HOOKY ENTERTAINMENT.
WE HAVE PROJECT HWB WHICH IS A WINE BAR IN HISTORIC DOWNTOWN AND HAPPY PANINI.
HAPPY PANINI WAS AN EXPANSION FROM THEIR FOOD TRUCK INTO THEIR FIRST BRICK AND MORTAR.
AND THEN I ALSO WANTED TO HIGHLIGHT OUR CIVIC SERVE SOFTWARE.
SO THIS IS A COMMUNICATIONS AND COMPLIANCE PLATFORM THAT INCREASES EFFICIENCIES BETWEEN ECONOMIC DEVELOPMENT AND FINANCE TO MANAGE A VARIETY OF INCENTIVES.
RIGHT NOW WE HAVE IT STRUCTURED FOR TWO YEARS AND THREE 80S, BUT WE DO HAVE FUTURE PLANS TO INCORPORATE THE SPONSORSHIPS PROGRAM.
HOT PROGRAM. AND THEN ALSO FOLD IN THE CRM COMPONENT.
WE'RE CURRENTLY USING BLUE DOT, BUT WE ARE GOING TO SHIFT TO CIVIC SERVE JUST TO CREATE SOME ADDITIONAL EFFICIENCY AND SOME CONTINUED CONTINUITY.
SO AND THAT WILL PROVIDE US WITH SOME ADDITIONAL COST SAVINGS AS WELL.
OKAY. AND THAT CONCLUDES MY PRESENTATION.
DOES ANYONE HAVE ANY QUESTIONS COMMENTS? FEEDBACK. YES, SIR. OH, ABOUT HALF ALMOST HALFWAY THROUGH.
THERE'S SOMETHING ON THERE THAT SAYS AUSTIN BUSINESS SERVICE SURVEYS AND I DON'T THINK AUSTIN BUSINESS JOURNAL NO SURVEYS.
I DIDN'T HEAR YOU TALK ABOUT IT, BUT MAYBE.
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OH, ANNUAL BUSINESS SURVEY. ANNUAL BUSINESS SURVEY. YEAH, THAT'S WHAT I WAS MENTIONING THAT WE SEND OUT. AND WE GET THE FEEDBACK ABOUT KIND OF THE CURRENT STATUS OF THE BUSINESS. WE GET EMPLOYEE COUNTS.AND THEN, YEAH, THAT'S OUR EXISTING BUSINESSES.
DOWNTOWN BUSINESS ASSOCIATION.
YEAH. WHAT DID I SAY. DID I SAY ALLIANCE AGAIN? GOSH DARN IT. EVANS PROBABLY CRACKING UP TO OR WAVING HIS FIST.
GOSH DARN IT. CRACKING UP ON ME.
DON'T WORRY. YES. FOR THE RECORD, THE CORRECT DATE IS DOWNTOWN BUSINESS ASSOCIATION. YES. I'LL GET IT EVENTUALLY.
ANYTHING ELSE FROM THE BOARD? HEARING NONE. WE'LL MOVE ON TO ITEM EIGHT ONE DISCUSSING. CONSIDER ACTION TO APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT FOR JULY 2025.
HI. GOOD EVENING. BOARD. CHRISTINA BISHOP, CITY COMPTROLLER.
I SENT OUT THE FINANCIAL STATEMENTS ON FRIDAY, AS I TYPICALLY DO WITH YOUR CHECKS FOR APPROVAL.
NOT A WHOLE LOT OF ACTIVITY OUT OF THE ORDINARY, EXCEPT YOU HAD YOUR SEMIANNUAL DEBT SERVICE PAYMENT ON YOUR 2018 BONDS THAT WERE USED TO PURCHASE THE MEGASITE.
THOSE WILL BE PAID OFF IN 2048.
OTHER THAN THAT, I DID GET ONE QUESTION FROM A BOARD MEMBER RELATED TO YOUR INCOME STATEMENT. WHICH I THOUGHT WAS A GOOD QUESTION BECAUSE MOST PEOPLE WEREN'T HERE WHEN THIS BUDGET AMENDMENT WAS DONE.
SO ON YOUR REVENUE LINE, YOU HAVE THIS CONTRIBUTION FROM CITI FOR $4.3 MILLION AND A CORRESPONDING CAPITAL OUTLAY FOR $4.3 MILLION.
WHAT THOSE WERE SUPPOSED TO BE WAS THE EXPENDITURES FOR EAST WEST SPINE ROAD, AND THEN THE CITY WAS CONTRIBUTING THAT AMOUNT BACK TO THE EDC TO PAY FOR IT.
AFTER THIS BUDGET WAS DONE, OUR AUDITORS CAME BACK AND SAID, YOU REALLY SHOULD NOT BE DOING REVENUES AND EXPENDITURES FOR THAT. I AGREED WITH THEM BECAUSE REALLY, YOU HAVE CAPITAL OUTLAY ON THE CITY'S BOOKS WHEN THEY MAKE THE CONTRIBUTION AND CAPITAL OUTLAY FOR THE SAME EXACT THING ON THE BOOKS, WHEN THEY MAKE THE CONTRIBUTION.
SO IT KIND OF HAS TWO ASSETS OUT THERE.
SORRY TO BE BORING ABOUT THAT.
BUT THAT'S ESSENTIALLY WHAT IT WAS.
THE BOARD DID APPROVE A BUDGET AMENDMENT TO WIPE THOSE LINES OUT, BUT WE ARE WAITING TO BRING THEM TO THE YEAR END BUDGET AMENDMENTS WITH THE CITY TO GET THEM REFLECTED HERE. OTHER THAN THAT, I'M HAPPY TO ANSWER ANY QUESTIONS YOU MIGHT HAVE, BUT I THINK THAT'S SORT OF THE HIGH LEVEL ITEMS FOR YOUR MONTH.
SO, CHRISTINA, I HAD A QUESTION ON ATTORNEY SERVICES.
LOOKED LIKE WE'VE SPENT HALF OF THE BUDGET SO FAR.
BUT YOU SAID THAT GEORGE IS A MONTH BEHIND ON BILLING, BUT DO YOU EXPECT WE SHOULD END UP ABOUT 50 K UNDER BUDGET? AND I NEED TO DO BETTER NOTE TAKING BECAUSE I WROTE THE ACCOUNT NUMBER DOWN BUT NOT THE PAGE. I DON'T KNOW WHERE THAT WAS AT, BUT YEAH, I'LL JUST TELL YOU ABOUT THE QUESTIONS I HAD.
THEN THERE WAS A PROFESSIONAL SERVICES ONE.
THERE WAS 220,000, AND THAT WAS SOME OF IT WAS CONCEPT DESIGN CONSULTING, SOME TERSE CONSULTING, PLANNING, PLANNING AND DEVELOPMENT ON COTTONWOOD. AND GRANT CONSULTING SERVICES.
SO IT LOOKED LIKE THERE WAS A LOT OF THINGS WE PLANNED TO DO, BUT FOR WHATEVER REASON, THEY DIDN'T GET DONE. AND THEN I HAD A QUESTION WHO HOLT CAT WAS THAT TURNS OUT THAT'S A SOMETHING TO DO WITH THE FIRE ROAD.
YEAH, I WOULD SAY IT LOOKS LIKE 90% OF YOUR CHECKS RIGHT NOW ARE RELATED TO THE FIRE ROAD PROJECT. YEAH.
SO I'LL MAKE A MOTION TO APPROVE THE MONTHLY FINANCIAL REPORT FOR JULY 2025.
WE HAVE A MOTION BY BOARD MEMBER SNIDER TO APPROVE.
AS PRESENTED. SECONDED BY BOARD MEMBER GONZALEZ.
HEARING NONE. ROLL CALL PLEASE.
BOARD MEMBER. MORRIS. A BOARD MEMBER.
GONZALEZ I CHAIR. CARLSON I SECRETARY.
THORNTON I. MOTION PASSES SEVEN ZERO.
ALL RIGHT. ITEM EIGHT TWO DISCUSS AND CHAIR, IF I MAY, CAN YOU. WE SKIPPED 7.1.
I HAVE A PRESENTATION AND A DIRECTOR'S REPORT.
NO PROBLEM. SO WE NEED TO CIRCLE BACK TO SEVEN ONE.
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STAFF WILL PROVIDE PROJECT UPDATES, INCLUDING THE MEGA SITE AND COTTONWOOD PROPERTIES COMMUNITY PARTNERSHIP UPDATES, INCLUDING WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, AREA CHAMBER AND DOWNTOWN BUSINESS ASSOCIATION, AS WELL AS EVENT RECAPS AND UPCOMING EVENTS.I HAD THE NAME OF THE DBA CORRECT ON THE AGENDA? AT LEAST THERE'S THAT.
I JUST WANTED TO SHARE A FEW THINGS WITH Y'ALL.
MEGASITE. WE'RE CONTINUING TO FOLLOW UP ON THE INTEREST FROM SELECT USA SPIN OFF THAT WE HAD IN MAY WITH WILCO EDP.
SO WE'RE STILL ANTICIPATING ADDITIONAL SITE VISIT, FOLLOW UP SEPTEMBER AND OCTOBER.
AND THEN WE'RE ALSO SEEING AN UPTICK IN BOTH INDUSTRIAL AND INTEREST IN THAT RETAIL FRONTAGE ON THE MEGA SITE.
SO THAT'S EXCITING TO SEE THAT COME BACK AROUND.
WE ALSO ANTICIPATE SOME ADDITIONAL DATA CENTER INTEREST.
WE EXPECT THAT TO PICK UP AGAIN ONCE ENCORE AND ERCOT HAVE COMPLETED THEIR REVIEW PROCESS THAT THEY'RE CURRENTLY ENGAGED IN AND ARE READY TO START REISSUING PERMITS FOR POWER.
SO WILCO, EDP CHAMPIONS LUNCH IS THIS WEDNESDAY.
I ALSO HAVE A BOARD MEETING FOR WILCO EDP ON FRIDAY, SO I'LL HAVE SOME UPDATES AT THE NEXT MEETING FOR US.
THEY'RE FINALIZING THEIR FIVE YEAR STRATEGIC PLAN, AND OUR EXECUTIVE DIRECTOR PRESENTED TO THE WILCO COMMISSIONERS COURT ON 722.
AND I'LL BE SHARING THAT PRESENTATION WITH THE BOARD SO THAT YOU CAN SEE WHAT THE COUNTY HAS BEEN UP TO AS WELL.
SO HUDDLE AREA CHAMBER STAFF'S BEEN ENGAGED WITH THAT WORKFORCE FOCUSED GROUP THAT I SPOKE TO IN THE PRESENTATION THAT IS SPEARHEADED BY THE CHAMBER, BUT INCLUDES OUR PARTNERS FROM EDUCATION WORKFORCE ORGANIZATIONS AND OUR INDUSTRY AND BUSINESS PARTNERS. OUR FIRST EVENT IS NOVEMBER 5TH.
IT'S AN EVENT FOCUSED ON OUR EIGHTH GRADERS TO EXPOSE THEM TO THE DIFFERENT CTE PATHWAYS THAT THEY'LL NEED TO SELECT HEADING INTO HIGH SCHOOL.
AND THEN WE'RE WE'RE ALSO SUPPORTING THEM WITH A POTENTIAL HOT APPLICATION FOR THE CITY FOR THEIR CRAWFISH AND OLD TIME DAY EVENTS FOR THE FOR THE DOWNTOWN BUSINESS ASSOCIATION. WE'RE CONTINUING TO SUPPORT THEM AS THEY WORK TO FINALIZE THEIR OFFICIAL NONPROFIT STATUS AND BEGIN TO IDENTIFY AREAS OF FOCUS AND PRIORITIES.
STAFF HAS AND WILL CONTINUE TO PARTICIPATE IN THEIR REGULAR MEETINGS.
THEY ARE GOING TO BE SHIFTING TO QUARTERLY, IT SOUNDS LIKE. I THINK WE HAVE ONE IN SEPTEMBER. AND THEN AFTER THAT IT SHIFTS TO QUARTERLY.
SO WE'LL CONTINUE TO ENGAGE AND SUPPORT HOWEVER THEY NEED US TO.
AND EVENT RECAPS. I DON'T HAVE ANYTHING TODAY.
UPCOMING EVENTS I ALREADY MENTIONED THE CHAMPIONS LUNCH.
WE ALSO HAVE A CITY BUDGET MEETING ON THURSDAY.
THE 14TH SO BUDGET CALENDAR IS AVAILABLE ONLINE.
CHAMBER LUNCHEON IS ALSO THIS WEDNESDAY FROM 1130 TO 1, AND THE POWER BREAKFAST THE FOLLOWING MORNING ON THE 14TH AT EIGHT.
AND THEN JUST WANTED TO SHARE A REMINDER. THE CONNECT CALENDAR IS AVAILABLE ON THE CITY WEBSITE, SO YOU CAN STAY UP TO DATE ON OPPORTUNITIES TO ENGAGE IN THE COMMUNITY.
THAT CONCLUDES MY REPORT. THANK YOU.
TRY THIS ONE AGAIN. DISCUSSING CONSIDERATION REGARDING THE CREATION OF OF AN ECONOMIC DEVELOPMENT POLICY IN ACCORDANCE WITH PROPOSED CITY OF ADA RESOLUTION R 2025 182.
TO PRIORITIZE WATER AND ROAD INFRASTRUCTURE, ADDITIONAL GROCERY OPTIONS, INCLUDING A PRIMARY GROCERY STORE, AND OTHER AMENITIES DEEMED APPROPRIATE AND BENEFICIAL TO THE COMMUNITY.
THANK YOU. CHAIR. SO THIS, AS STATED IN THE AGENDA ITEM, IS IN RESPONSE TO AN ITEM THAT WAS REQUESTED BY COUNCIL TO MAKE SURE THAT WE'RE ALIGNED IN PRIORITIES. SO I JUST WANTED TO SHARE OR NOT SHARE.
I SHARED OUT THE CURRENT POLICY, WHICH I DIDN'T KNOW THERE WAS ONE AS THAT WAS NOT SOMETHING THAT WAS COMMUNICATED PREVIOUSLY.
AND THEN ALSO THE ORDINANCE LANGUAGE ABOUT WHERE TO FOCUS.
SO I REALLY WANTED TO HAVE A DISCUSSION WITH THE BOARD.
GET YOUR FEEDBACK. I ALSO WOULD RECOMMEND THAT THIS BE A TOPIC FOR THE NEXT JOINT QUARTERLY MEETING WITH COUNSEL TO BE ABLE TO GET FULL PARTICIPATION FROM BOTH BODIES.
BUT WE'LL TAKE ANY FEEDBACK THAT YOU MAY HAVE AT THIS TIME AS WELL ON THE PRIORITIES AND POLICY. WHEN IS THAT NEXT JOINT MEETING? OCTOBER.
THANK YOU. LET'S SEE WHAT KIND OF BROUGHT THIS ON FROM THE CITY COUNCIL SIDE IS WE HAD A JOINT MEETING MAYBE SIX MONTHS AGO, AND THERE'S A LOT OF TALK ABOUT WANTING US TO FOCUS ON INFRASTRUCTURE THAT A LOT OF PEOPLE WHO TEND TO COME TO HUTTO TO OPEN UP A BUSINESS OR EXPAND ARE FACED WITH THE PROBLEM OF WE DON'T HAVE WATER,
[00:25:01]
WE DON'T HAVE WASTEWATER, WE DON'T HAVE ROADS.AND SO THERE WAS A PRETTY GOOD CONVERSATION.
WE WANTED TO FOCUS ON THE INFRASTRUCTURE, STRUCTURE, THAT BEING A PRETTY BIG ECONOMIC DEAL. AND THEN I BROUGHT THIS UP ON THE CITY COUNCIL SIDE BECAUSE IT FELT LIKE IT WAS ON DEAF EARS AT THE TIME ON EDC, BECAUSE FOR THE NEXT SIX MONTHS, THERE WAS NO FOCUS TO BUDGET AND NOTHING REALLY REPRESENTED WHAT WE WERE PUSHING, WHICH IS INFRASTRUCTURE.
AND SO I THOUGHT SOME OF US THOUGHT ON THE CITY COUNCIL SIDE TO HELP PUSH THE ISSUE MORE THAT THE THINGS THAT WE, SOME OF US FEEL LIKE ARE THE BIGGEST THINGS THAT PEOPLE WANT TO SEE US ALL WORKING TOGETHER ON IS THE WATER, THE ROADS AND GROCERY OPTIONS.
AND THEN WE HAD SAID OTHER AMENITIES DEEMED APPROPRIATE BECAUSE THERE'S NOTHING TO SAY THAT IF YOU GET A GROCERY STORE IN THE FIRST THREE MONTHS THAT YOU STOP THERE, THERE'S MORE THINGS TO WORK ON.
BUT I THINK IT WOULD BE GREAT TO SEE US COME UP WITH SOME SOLUTION ON HOW TO FIGURE OUT WHAT'S APPROPRIATE. WE BROUGHT UP A COUPLE OF YEARS AGO IN EDC.
THERE WAS A CITY IN THE DFW AREA.
I FORGOT WHICH CITY, BUT IT WAS EITHER HURST-EULESS-BEDFORD IT WAS HEB, BUT THEY WOULD PUT OUT SURVEYS TO THE PUBLIC AND IT WASN'T LIKE, WHAT DO YOU WANT TO SEE? I WANT TO SEE A RESTAURANT. NOW THEY WANT TO KNOW EXACTLY WHAT DO YOU WANT TO SEE? AND THEY SPENT THEIR WHOLE TIME TARGETING THAT PERSON TO WHERE IT WAS LIKE, LOOK, IF YOU WANT A MARSHALLS, THEN WE ARE GOING TO BOMBARD MARSHALLS UNTIL THEY COME. AND THEN WHAT ELSE DO YOU WANT? AND SO THEY FOCUSED ON WHAT PEOPLE REALLY WANTED, NOT JUST I SAW ON FACEBOOK, SOMEBODY WANTED A A WHATEVER.
AND THEY DID THIS EACH YEAR AS A WAY TO KIND OF HELP STEER THEM WHERE PEOPLE REALLY WANT THEM TO GO. NOW, PLACER AI IS SOMEWHAT DIFFERENT, AND IT'S TECH BRINGING THINGS IN.
SO THAT HELPS A LOT. BUT I DON'T KNOW HOW WE DO IT, BUT SOMEHOW I THINK WE GOT TO FIGURE OUT A WAY TO FOCUS US ON CERTAIN MISSIONS THAT WE'RE NOT ALL OVER THE PLACE.
GETTING NOTHING DONE. WE CAN CHECK EACH BOX AT THE END OF THE YEAR AND GO.
WE KNOCKED THREE OUT OF THE FOUR THINGS WE'RE SUPPOSED TO DO, AND THE FOURTH ONE WE'RE STILL WORKING ON. SO I THINK THAT'S KIND OF WHAT I WOULD SAY.
KIND OF STARTED WHEN EVAN AND I TALKED ABOUT THIS THIS SPRING.
I THINK FROM I THINK I'VE SHARED THIS WITH A COUPLE FOLKS, BUT FROM A STAFF PERSPECTIVE IT'S JUST A MATTER OF REVENUE, RIGHT? LIKE, RIGHT NOW, THE EDC NEEDS LAND SALES SO THAT THERE'S REVENUE TO REINVEST BACK IN THE COMMUNITY FOR THOSE PURPOSES.
SO I THINK I WOULD ANTICIPATE PROBABLY BUDGET AMENDMENT FOR FY 26 ONCE SOME LAND SALES HAPPEN. AND, AND I THINK THERE'S A GREAT OPPORTUNITY TO FOCUS ON SOME ROAD PROJECTS IN PARTICULAR THAT STAFF HAS BEEN REVIEWING AND COLLABORATING WITH CITY ENGINEER ON AS WELL, THAT I THINK WOULD SUPPORT DEVELOPMENT.
AND, AND I THINK SUPPORT THE ALIGNMENT THAT YOU'RE SEEKING AS WELL.
I HAVE A QUESTION. SO DID THEY DO THAT WORK WITH FOCUS GROUPS, OR HOW DID THEY GO AFTER REALLY NAILING DOWN WHAT THE COMMUNITY WANTED TO SEE? THAT'S A GREAT QUESTION. I HONESTLY DON'T KNOW. IT APPEARED I THINK I SAW IT ONCE ON LINKEDIN. IT APPEARED TO BE MORE OF LIKE WHEN WE THROW OUT A QUESTION LIKE, HEY, HOW DO YOU THINK YOUR CITY SERVICES ARE? WE GIVE 4 OR 5 OPTIONS.
IT WAS LOOKED LIKE IT WAS ALMOST SOMETHING LIKE THAT, BUT IT WAS VERY SPECIFIC.
I MEAN, YOU GOT DONE AND THEY DIDN'T JUST WANT AN ITALIAN RESTAURANT, THEY WANTED AN ITALIAN RESTAURANT.
AND I WAS LIKE, DANG, THAT'S THAT'S ONE WAY TO LET YOU KNOW THAT IF YOU'RE IN THE RIGHT, RIGHT PATH OR NOT.
BUT I TOTALLY AGREE WITH THAT.
I WORKED IN A RESEARCH COMPANY AND THAT'S EXACTLY WHAT WE DID.
SO WE DID MALL INTERCEPTS, WHICH IS NOT AS POPULAR ANYMORE BECAUSE PEOPLE DON'T GO TO MALLS AS MUCH.
WE DID ONLINE. WE DID A LOT OF DIFFERENT QUALITATIVE IN-PERSON WHERE WE INVITED PEOPLE TO COME IN ON A REGULAR BASIS, AND WE HAD SPECIFIC QUESTIONS.
I'M NOT SURE. YOU KNOW, JANEY, YOU TALK ABOUT THE BUDGET AND THE EXPENSE AND ALL THAT, BUT IT IS A VERY GOOD WAY TO ASSESS QUICKLY WHAT THE COMMUNITY WANTS.
AND I WON'T SAY THE COMPANY, BUT I'M VERY FAMILIAR WITH THE COMPANY THAT WOULD SET UP AND JUST ASK PEOPLE THEY WANT TO KNOW BASICALLY WHERE YOU GO, WHERE'S THE NEXT SPOT TO GO? AND SO THEY WOULD ASK QUESTIONS. IN THE OLD DAYS THEY ASKED EVERYBODY FOR QUESTIONS.
WHERE DID YOU COME FROM? WHERE ARE YOU GOING TO WHERE DO YOU WORK AND WHERE DO YOU LIVE? AND IT WAS VERY RUDIMENTARY, BUT THEY FIGURED OUT A LOT OF INFORMATION BASED ON THAT. AND I THINK THERE'S THINGS LIKE THAT WE COULD DO WHEN WE'RE AT EVENTS.
I'M NOT REAL BIG ON LIKE, I USE PLACE FOR AI AT WORK.
I DON'T FIND AS MUCH VALUE IN IT AS OTHER PEOPLE DO, ESPECIALLY WHEN YOU SEE THE MONEY THAT IS SPENT ON IT.
BUT I KNOW THERE'S OTHER WAYS.
WHEN WE HAVE AN EVENT LIKE AT, SAY, OLD TIME DAYS,
[00:30:03]
YOU CAN HAVE 10,000 PEOPLE.WELL, I'VE NEVER SEEN US ASK EVERYBODY, HEY, DO YOU LIVE IN HUTTO? WHERE DO YOU LIVE? JUST TO SEE. I MEAN, WE KNOW THERE'S A BUNCH OF CELL PHONE DATA IN THERE. WE KNOW HOW MANY PEOPLE CAME. WE DON'T KNOW WHERE THEY CAME FROM. HOW FAR DO WE PULL? THERE'S THIS TECH THAT TELLS YOU THAT.
BUT I'M ALWAYS SKEPTICAL OF IT BECAUSE YOU START REALLY DIGGING IN AND, YOU KNOW, YOU FIND SOME DISCREPANCIES.
BUT THEN ALSO IT'S A GOOD THING JUST TO ASK 2 OR 3 QUESTIONS LIKE NAME, YOU KNOW, ONE RETAILER YOU'D LIKE TO SEE HERE, NAME ONE RESTAURANT, NAME ONE PROJECT YOU'D LIKE TO SEE DONE.
IT SEEMS LIKE WHENEVER WE DO IT AT THE CITY LEVEL, I ALWAYS FEEL LIKE THE QUESTIONS ARE STEERED TO GET CERTAIN ANSWERS.
AND SO THE YEAH, THE HARDEST PART IS MAKING SURE YOU TAKE THE BIAS OUT OF THE QUESTION.
AND IT'S OPEN ENDED. SO YOU DON'T KNOW WHAT YOU'RE GOING TO GET. BUT WE ALWAYS LIKE HEY IF YOU HAD A CHOICE I'M TRYING TO THINK OF SOMETHING WE'VE DONE BUT WE JUST DO THEM A LOT. IT SEEMS LIKE TO WHERE OF COURSE.
LIKE, FOR INSTANCE, THE LIBRARY IS HAD SOME SURVEYS DONE IN THE LIBRARY, AND IT MAY NOT SURPRISE ANYBODY, BUT THE RESULTS WERE THEY REALLY WANT PEOPLE TO EXPAND THE LIBRARY.
BUT YES, LIBRARY PATRONS THAT BUT IF YOU WENT DOWN TO THE BALL FIELDS AND ASKED THE PEOPLE ON SATURDAY MORNING WHAT THEY THINK ABOUT THE LIBRARY, AND YOU PROBABLY GET A COMPLETELY DIFFERENT RESULT.
SO I DON'T KNOW HOW TO DO IT. AND I KNOW THE TECHNICAL PEOPLE CAN TELL YOU THE PLUS OR MINUS IS AND AND ALL THE RIGHT.
JIM WOULD BE ABLE TO TELL YOU ALL THE STATS AND QUANTUM THEORY ON THAT TO GET THE ASSESSMENT OF WHAT THEY WANT.
AND THAT'S WHAT WE USED TO DO IN THE COMPANY I USED TO WORK FOR IN CHICAGO.
BUT I WOULD THINK THAT CHENEY COULD FIND A WAY TO BLEND THE TWO, BECAUSE I THINK ALSO IT'S VERY VALUABLE WHAT WE GET WITH PLACER.AI.
AND IF THERE WOULD BE A WAY TO INTEGRATE THAT INFORMATION, I THINK IT WOULD BE THE BEST OF BOTH WORLDS.
BUT DEFINITELY I AGREE WITH YOU.
I THINK SOME SORT OF FOCUS GROUP, EITHER ONLINE OR SURVEY OR AT AT EVENTS, DEFINITELY THAT IF YOU GET AT LEAST 1200 RESPONSES, YOU'RE GOING TO GET A PRETTY GOOD REFLECTION OF WHAT THE COMMUNITY WANTS.
LET'S GIVE A FREE BEER. EVERY TIME YOU ASK THE ANSWER THE QUESTION AND YOU'LL GET 1200.
YOU'LL GET THE SAME ANSWER OVER AND OVER AND OVER AGAIN FROM THE SAME PERSON. ANY OTHER COMMENTS OR ANYTHING ELSE ON THIS? OKAY.
BECAUSE THERE'S NO ACTION REQUIRED TONIGHT, CORRECT? NOPE.
OKAY. JUST DOUBLE CHECK THROWING IT OUT THERE.
ALL RIGHT. WELL, THERE'S NO ACTION ON EIGHT TWO THEN.
SO WE'LL BE ON TO ITEM EIGHT THREE DISCUSSING EXCUSE ME TO DISCUSS AND CONSIDER ACTION TO APPROVE THE MINUTES FROM THE CORPORATION'S REGULAR MEETING ON JULY 14TH, 2025 AND THEIR QUARTERLY JOINT MEETING WITH CITY COUNCIL ON JULY 10TH, 2025. MOTION TO APPROVE AS PRESENTED.
SECOND. WE HAVE A MOTION IN OUR MOTION TO APPROVE AS PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY SECRETARY MORALES.
HEARING NONE. ROLL CALL PLEASE.
BOARD MEMBER. THORNTON, A BOARD MEMBER.
SNYDER. BOARD MEMBER. MORRIS A BOARD MEMBER.
MORALES. AYE. MOTION PASSES SEVEN ZERO.
ALL RIGHT. ITEM NINE. EXECUTIVE SESSION.
THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE IN EXECUTIVE SESSION. PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551071 ATTORNEY CONSULTATION, 551087 ECONOMIC DEVELOPMENT AND 551072 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING THE FOLLOWING ECONOMIC DEVELOPMENT PROJECTS. PROJECT PLEX PROJECT SQL, PROJECT SPROUTS. PROJECT MAESTRO.
THE MEGA PROJECT. PROJECT TITAN PROJECT CHICKEN DUO, PROJECT ORCHARD, PROJECT HARVEST, AND PROJECT CORE.
THE PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES, AND ANY RELATED INCENTIVES AND EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES.
ALRIGHT, THE TIME IS 1010 AND WE HAVE RETURNED FROM EXECUTIVE SESSION.
ITEM TEN ONE. STAND BY ONE SECOND.
SO ITEM TEN ONE DISCUSS AND CONSIDER ACTION REGARDING RESOLUTION R HCDC 2025 139 TO APPROVE A PURCHASE SALE AGREEMENT WITH MIDWAY FOR THE MASTER PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES.
REGARDING THIS THE COTTONWOOD PROPERTIES IS A VITAL OPPORTUNITY FOR WE'RE DISAPPOINTED IN THE LACK OF PROGRESS FOR OUR MASTER DEVELOPER MIDWAY. THE MOU CLEARLY SETS EXPECTATIONS, AND WE LOOK FORWARD TO THE DEVELOPER MEETING THOSE OBLIGATIONS.
AT THIS POINT, MOU HAS EXPIRED AND LOOK FORWARD TO SEEING MIDWAY COME TO THE TABLE AND SEE WHERE THAT GOES.
BUT WE ARE COMMITTED TO SEEING THE PROJECT MOVE FORWARD,
[00:35:03]
AND WE'RE GOING TO HOLD ALL PARTNERS ACCOUNTABLE FOR ANY AND ALL COMMITMENTS FOR THE PROJECTS. WITH THAT, THERE IS NO ACTION ON THIS ITEM AS NOTHING WAS DELIVERED TO THE EDC.THAT WAS EXECUTABLE AS OF THIS EVENING.
WITH THAT, ON TO ITEM TEN TWO DISCUSSING EXCUSE ME, DISCUSS AND CONSIDER ACTION REGARDING A PROPOSED MASTER LEASE AGREEMENT FOR PROJECT FLEX. THIS ITEM ADDITIONALLY HAS NO ACTION ON IT.
THE EDC IS NOT INTERESTED IN LEASEBACKS.
WE'RE INTERESTED IN ACTUALLY BRINGING BUSINESSES IN THE COMMUNITY AND GOING ON FROM THERE. THAT TAKES US TO ITEM TEN THREE CONSIDERATION AND POSSIBLE ACTION RELATED TO EXECUTIVE SESSION AGENDA ITEMS LISTED ABOVE.
SO WITH THAT, IF THERE'S ANY MOTIONS OR THE LIKE.
MR. CHAIRMAN, I'LL MAKE A MOTION THAT WE DIRECT STAFF F TO PREPARE AN AMENDMENT FOR PROJECT SEQUEL ON THE TERMS DISCUSSED IN EXECUTIVE SESSION.
SECOND. OKAY, SO WE HAVE A MOTION BY BOARD MEMBER SNYDER TO PREPARE AN AN AMENDMENT TO THE ORIGINAL AGREEMENT AS DISCUSSED IN EXECUTIVE SESSION.
SECONDED BY SECRETARY MORALES.
HEARING NONE. ROLL CALL, PLEASE.
A BOARD MEMBER. PORTERFIELD I CHAIR.
MORALES I. MOTION PASSES SEVEN ZERO.
YOU GUYS TAKE NOTES ON ANY OF THESE? NO.
ALL RIGHT. MR. CHAIRMAN, I MAKE A MOTION FOR PROJECT SPROUTS THAT WE APPROVE THE AEDPA. AS PRESENTED WITH THE REVISIONS DISCUSSED IN EXECUTIVE SESSION FOR RESOLUTION R DASH HDC DASH 2025137.
SECOND. ALL RIGHT. WE HAVE A MOTION BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER PORTERFIELD.
THIS IS TO APPROVE THE AEDPA AS PRESENTED WITH THE AMENDMENTS AS DISCUSSED IN EXECUTIVE SESSION. OPEN IT UP FOR DISCUSSION.
HEARING NONE. ROLL CALL, PLEASE.
BOARD MEMBER. PORTERFIELD. AYE.
THORNTON A CHAIR. SECRETARY MORALES, A BOARD MEMBER.
GONZALES. AYE. MOTION PASSES SEVEN ZERO.
AND FINALLY, ON MY LIST, MR. CHAIRMAN, I MAKE A MOTION FOR PROJECT CORE TO DIRECT STAFF TO PREPARE AN LOI BASED ON THE TERMS DISCUSSED IN EXECUTIVE SESSION.
SECOND. OKAY, SO BOARD MEMBER SNYDER HAS MOVED TO DIRECT STAFF TO PREPARE A LOI, AS DISCUSSED IN EXECUTIVE SESSION FOR THIS PROJECT. IT'S BEEN SECONDED BY BOARD MEMBER PORTERFIELD.
HEARING NONE. ROLL CALL, PLEASE.
CHAIR. CARLSON. AYE. SECRETARY MORALES.
BOARD MEMBER. THORNTON. BOARD MEMBER.
GONZALEZ I. MOTION PASSES SEVEN ZERO.
ANY OTHER ITEMS THAT NEED ACTION FROM THE BOARD SUBCOMMITTEE? WE WERE IN. WE WERE DOING THAT WITHOUT MODIFYING IT.
I CAN EITHER WAY. I GUESS WE CAN JUST DO IT THIS WAY.
THEN WE SO THE COTTONWOOD SUBCOMMITTEE, AS HAD BEEN PLACED PREVIOUSLY.
WE WILL MODIFY THAT TO REMOVE BOARD MEMBER THORNTON AND BOARD MEMBER SNYDER AND SECRETARY MORALES. WHICH LEAVES SNYDER, MORALES AND AND GONZALEZ.
GONZALEZ. AND THAT DOESN'T NEED ANY ACTION ON OUR SIDE.
BYLAWS COVERS THAT. NO OTHER ITEMS ON TEN, THREE.
NONE. ALL RIGHT. COOL. THAT TAKES US TO ITEM 11 FUTURE AGENDA ITEMS. ONE THING I DO WANT TO MAKE SURE THAT'S INCLUDED ON OUR NEXT MEETING IS THAT THE EDC DOES EVERYTHING VIA PAPER CHECKS.
THIS IS INEFFICIENT FOR YOU KNOW, OUR PARTNERS, WHETHER IT'S, YOU KNOW, LEGAL OR THIRD PARTIES THAT WE'RE WORKING WITH, ETCETERA, ETCETERA.
SO I WOULD LIKE THAT STAFF VIA FINANCE PRESENT A ACH APPROVAL PROCESS THAT WORKS WITH INSIDE OF THEIR CAPABILITIES WITH RESPECT TO WELLS FARGO AND ALL THAT.
I'VE ALREADY TALKED WITH CHRISTINA BRIEFLY ABOUT IT. IF THERE ARE ANY OTHER ITEMS ANYONE
[00:40:02]
ELSE HAVE? YES. MR. CHAIRMAN, I WOULD LIKE AN ITEM ON THE UPCOMING MEETING FOR US TO DISCUSS WITH POSSIBLE DIRECTION STAFF TO CREATE A POLICY FOR ECONOMIC INCENTIVES FOR RESTAURANTS AND RETAIL.OKAY. ANYTHING ELSE? HEARING NONE.
THE TIME IS 1017, AND WE ARE HEREBY
ADJOURNED.
* This transcript was compiled from uncorrected Closed Captioning.