* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. I SEE. OKAY. OKAY. [(EDC) Board Meeting/(CDC) Board Meeting on June 8, 2026.] [00:00:04] ALL RIGHT. TODAY IS MONDAY, JUNE 8TH FOR THE CITY OF HUDU ECONOMIC DEVELOPMENT CORPORATION, TYPE A AND TYPE B BOARD OF DIRECTORS MEETING. UH, LET'S SEE. TIME IS SIX 30 ON THE DOT. ALRIGHT, WE'LL CALL SESSION TO ORDER FOR ROLL CALL. UH, VICE CHAIR MORALES IS HERE. SECRETARY GONZALEZ HERE. BOARD MEMBER SCHNEIDER. HERE. BOARD MEMBER THORNTON. BOARD MEMBER PORTERFIELD HERE. AND BOARD MEMBER MORRIS HERE. ALL RIGHT. WITH WITHSTAND FOR THE PLEDGE, PLEASE. I PLEDGE ALLE, I PLEDGE ALLEGIANCE, FLAG OF THE UNITED STATES OF AMERICA REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE. HONOR, HONOR THE TEXAS FLAG. I ALLEGIANCE TO THE TEXAS ONE STATE UNDER GOD. ONE. INVIS. I ALRIGHT. OPENING UP FOR ANY PUBLIC COMMENT. WE HAVE NOT RECEIVED ANY. OKAY. NO PUBLIC COMMENT. ALL RIGHT. MOVING ON TO SECTION FIVE, UH, PUBLIC HEARINGS 5.1. PURSUANT TO TEXAS LOCAL GOVERNMENT CODE SECTION 5 0 5 0.155, UH, SORRY. 1 5 9. CONDUCT A PUBLIC HEARING FOR THE CONSIDERATION OF INCENTIVES IN SUPPORT OF PROJECT ERROR. THANK YOU. UM, SO AS REQUIRED, AS STATED IN THE AGENDA LANGUAGE, UM, THIS IS A REQUIREMENT FOR ANY PROJECT THAT THIS BODY IS CONSIDERING AWARDING INCENTIVES TO. AS A REMINDER, THERE'S A 60 DAY CLOCK THAT STARTS TODAY. NO FUNDS ARE ABLE TO BE EXPENDED IN SUPPORT OF THIS PROJECT FOR 60 DAYS. PROJECT AIR IS A RELOCATION OF A DOWNTOWN COMMERCIAL BUSINESS, UM, THAT WILL BE RELOCATING TO ANOTHER PROPERTY IN HISTORIC DOWNTOWN. UH, THE INCENTIVE REQUEST IS GONNA CENTER AROUND BUILDING IMPROVEMENTS SUCH AS FOUNDATION REPAIR, ELECTRICAL AND PLUMBING CHANGES AND REPAIRS. UM, THE CREATION OF AN OUTDOOR EVENT SPACE AS WELL. UM, AND THEN IMPROVING JUST STANDARD TENANT IMPROVEMENTS ON THE INSIDE, MOVING WALLS AND, AND REFINISHING AND THINGS OF THAT NATURE. UM, THOSE EXPENSES ARE EXPECTED TO EXCEED $300,000, UM, AND THE SPACE IS APPROXIMATELY 1,950 ISH SQUARE FEET. ALL RIGHT. THANK YOU VERY MUCH. ANY DISCUSSION FOR THAT? NOPE. ALRIGHT. MOVING ON. WE HAVE TO OPEN, OPEN FOR PUBLIC COMMENT FROM PUBLIC HEARING. PUBLIC HEARING. WHAT? HEARING. EXCUSE ME. STATE THE TIME. UH, TIME IS 6 33, PLEASE. . I SAID PLEASE IT. OKAY. THEN YOU SAID THE HEARING NONE THE HEARING. NONE. NO. OKAY. MOVING ON TO, OH, SORRY. CLOSING AT 6 33. THANK YOU. PLEASE. THANKS. PLEASE, . , PLEASE. AND THANK YOU. THANK YOU, CHAIRMAN. UH, AT THIS POINT I'D LIKE TO MAKE A COMMENT NOW THAT THE PUBLIC HAD AN OPPORTUNITY TO SPEAK. UM, I THINK IT'S ALWAYS IMPORTANT TO HAVE THE PUBLIC HEARINGS. I KNOW WE TYPICALLY DON'T HAVE PEOPLE COME UP THAT USUALLY TELLS ME THERE'S, UM, WHILE THERE'S A, A SMALL MINORITY THAT HAS PROBLEMS WITH DECISION MAKING THAT THE CITY AND THAT THIS BOARD HAS, IT ALSO LETS ME, UM, REFLECT THAT THERE'S ALSO A LARGER GROUP OF PEOPLE WHO UNDERSTAND THE DIRECTION THAT WE'VE SET AS A BOARD AND AS A CITY. AND ALSO THAT, UM, THERE IS A LEVEL OF TRUST THAT IS IN THIS BOARD AND IN THE CITY IN TERMS OF WHAT WE'RE DOING, HOW WE'RE DOING IT, AND OUR TRANSPARENCY. AND THAT WHEN WE GIVE PEOPLE THE OPPORTUNITY TO SPEAK, THEY'RE BUSY. UM, IT'S NOT, THESE THINGS ARE NOT RISING TO THE LEVEL OF COMING UP. IT'S ALWAYS EASIER TO VOICE OPINIONS ELSEWHERE, WHICH I DO PAY ATTENTION TO. BUT I DO KNOW THAT IN MY MIND, THE DIRECTION THAT WE'VE SET AND THROUGH BUDGETING AND EVEN ON THE CITY COUNCIL SIDE, WHAT THEY HAVE PUSHED FOR, I THINK IS THIS, IS, THIS ALL WORKS OUT. THIS WILL BE ANOTHER PROJECT THAT I THINK PEOPLE WILL BE VERY HAPPY, UM, WITH THE DIRECTION AND, UM, WITH THE, I GUESS WITH THE, UM, UH, THE WORK THAT WE'VE PUT INTO IT. SO. ALL RIGHT. THANK YOU. UM, DO I HAVE TO CLOSE AGAIN OR WAS THAT OKAY? THANK YOU. UM, MOVING ON TO PRESENTATIONS. YES. OKAY. UH, ITEM SIX ONE, DISCUSS AND CONSIDER A PRESENTATION REGARDING A REQUEST FOR INCENTIVES FOR ALPHA GRAPHICS LOCATION IN HU. THANK YOU. I'D LIKE TO INTRODUCE JANE HARVEY OF ALPHA GRAPHICS, WHO IS, UH, PLANNING TO OPEN A LOCATION HERE IN HUDU, AND I'LL TURN IT OVER TO HER AND HER TEAM FOR THEIR PRESENTATION. THANK YOU [00:05:01] FOR BEING HERE. THANK YOU. THANK YOU. AND THANK YOU ALL FOR THIS OPPORTUNITY TO TALK TO YOU TODAY. I'M THE PRESIDENT OWNER OF THREE ALPHA GRAPHICS CENTERS IN CENTRAL TEXAS, TWO IN AUSTIN, ONE IN SAN ANTONIO. AND WE'RE ALL SUPER EXCITED THAT NUMBER FOUR IS GONNA BE IN HU TEXAS. IT'LL BE AT THE CORNER OF, UM, ED SMIT AND HIGHWAY 79 ACROSS FROM THE HIGH SCHOOL. UM, AND WE HAVE SEVERAL, ALL OF OUR TEAM MEMBERS WITH US IN PERSON ONLINE. SO WE'VE GOT OUR CHIEF OPERATING OFFICER, COREY KY, UH, SHANNON HOLLINGWORTH, OUR INNOVATION DIRECTOR, JAMES HARVEY, BUSINESS MANAGER, DANIELLE GUYES, INSIDE SALES REP. UM, KATIE PRICE, INSIDE SALES REP. KATIE IS ALSO ALPHA GRAPHICS, HU EMPLOYEE NUMBER ONE, AND SHE ACTUALLY LIVES HERE IN HU. SO WE'RE EXCITED TO HAVE HER ON THE TEAM. AND SHE'S IN TRAINING IN OUR NORTH AUSTIN LOCATION. ON REMOTELY, WE HAVE RU DUL, WHO IS OUR DIRECTOR OF MARKETING AND STRATEGIC MESSAGING, AND LAUREN YOUNG MICHAEL, WHO IS OUR PRODUCTION MANAGER IN NORTH AUSTIN. SO IN FRONT OF YOU, WE HAVE A FEW ITEMS. WE'VE GOT SOME BANNER STANDS, KIND OF MESSAGE WITH OUR THEME AND OUR MESSAGING THAT WE WANT TO GET ACROSS FROM YOU TODAY. THERE'S NAME TENTS WHERE I CAN SEE YOUR NAMES. IN THE BACK, YOU CAN SEE OUR THEME AND OUR MESSAGING. THERE'S ALSO A NOTEBOOK THAT IN THE FIRST FEW PAGES HAS THE MAJOR POINTS THAT I'D LIKE TO PRESENT AND THAT YOU, UM, GATHER FROM THE PRESENTATION TODAY. AND THERE'S SOME LINE NOTES IN THERE TO MAKE ANY NOTES YOU WANNA MAKE. THERE'S A YETI, A BRANDED YETI THAT HAS THE DUAL LOGO OF THE HURO EDC AND ALPHA GRAPHICS ON ONE SIDE AND YOUR NAME ON THE OTHER, THAT'S FOR YOU TO TAKE. SO, AND THEN THERE'S A LITTLE BOX THAT HAS A SPACE PEN. AND, UM, WE'RE ACTUALLY A NATIONAL DISTRIBUTOR OF SPACE PENS IN THE UNITED STATES. AND THESE ARE PENS THAT ARE LITERALLY USED IN OUTER SPACE. IF YOU OPEN IT UP, IT HAS YOUR NAME ON IT AND DUAL BRANDED WITH THE HU EDC AND ALPHA GRAPHICS LOGO. YOU ALSO HAVE WHAT WE CALL WOW MOMENT CARDS, AND YOU EACH SHOULD HAVE FOUR OF THEM. AND ALPHA GRAPHICS IS ALL ABOUT GETTING FEEDBACK. AND THROUGH THE PRESENTATION TODAY, IF SOMETHING THAT, YOU KNOW, YOU THINK, WOW, THAT'S REALLY A GREAT IDEA, ARE GONNA BE REALLY HELPFUL FOR THE COMMUNITY OR BUSINESS, JOT IT DOWN AND WRITE IT. WRITE AND WRITE IT. YOU DON'T HAVE TO PUT YOUR NAME, BUT YOU CAN IF YOU WANT. AT THE END OF THE, MY PRESENTATION TODAY, I'M GONNA COLLECT ALL THESE. AND FOR THE ONES THAT FILLED OUT ALPHA IS GONNA MAKE A $10 DONATION FOR EACH ONE FILLED OUT TO THE HU RESOURCE CENTER. SO ENCOURAGE YOU TO FILL THAT OUT TODAY. AND, UM, IF, AND NOW WE'RE READY FOR THE PRESENTATION. HURO IS GROWING AND GROWTH CREATES DEMAND FOR STRONGER BUSINESS SUPPORT, STRONGER COMMUNICATION, AND STRONGER PARTNERSHIPS. AS MORE BUSINESSES, FAMILIES, AND INVESTMENTS CONTINUE TO COME INTO THIS AMAZING COMMUNITY, THE NEED FOR PROFESSIONAL MARKETING, SIGNAGE, PRINT, AND VISUAL COMMUNICATION SERVICES CONTINUES TO GROW ALONGSIDE IT. THAT'S WHERE ALPHA GRAPHICS HURO COMES IN. WHILE THIS WILL BE OUR NEW LOCATION IN HURO, OUR TEAM BRINGS MORE THAN 20 YEARS OF EXPERIENCE AND ALREADY OPERATES SUCCESSFUL CENTERS IN AUSTIN AND SAN ANTONIO. WE UNDERSTAND WHAT GROWING BUSINESSES NEED AND HOW TO HELP COMMUNITIES PRESENT THEMSELVES PROFESSIONALLY AND COMPETITIVELY. WE SEE THIS AS A PARTNERSHIP WITH HU'S FUTURE, A PARTNERSHIP THAT SUPPORTS LOCAL BUSINESSES WITH AFFORDABLE MARKETING RESOURCES, A PARTNERSHIP THAT HELPS STRENGTHEN RECRUITMENT AND ATTRACTION EFFORTS THROUGH POLISHED EXECUTIVE READY MATERIALS, AND A PARTNERSHIP THAT SUPPORTS THE CITY SCHOOLS AND BROADER COMMUNITY WITH ACCESSIBLE LOCAL SERVICES AND LONG-TERM INVESTMENT. ALPHA GRAPHICS, HU IS COMMITTING TO THIS COMMUNITY THROUGH JOBS, INVESTMENT, TAX GENERATION, AND ONGOING BUSINESS SUPPORT. THIS PARTNERSHIP HELPS ENSURE A LASTING LOCAL ASSET, ONE BUILT TO SUPPORT HU'S CONTINUED GROWTH FOR YEARS TO COME. ALPHA GRAPHICS, HATO, PARTNERING FOR GROWTH, HELPING HATO BUILD. WHAT'S NEXT? ALRIGHT, SO THE AGENDA TODAY IS, UM, FIRST WE'RE GONNA TALK ABOUT WHY WE'RE HERE, UH, YOU KNOW, LOCAL INVESTMENT IN, IN CITYWIDE VALUE. THEN TALK ABOUT WHY, WHY HUDU, WHY HUDU IS A CITY GROWING WITH INTENTION, AND THEN WHY ALPHA GRAPHICS. WE ARE MORE THAN A PRINTING COMPANY. WHAT THE MARKET NEED IS, GROWTH NEEDS VISIBILITY, ALIGNMENT WITH THE HU EDCA PARTNER IN GROWTH INCENTIVE FRAMEWORK. WHAT A PROPOSAL IS FOR AN INCENTIVE FRAMEWORK, AND THE REQUEST FOR HOW TO, IT'S TIED TO A MEASURABLE RETURN. UH, THE ROI INPUTS HOW RETURN IS CA IS CREATED, WHAT THE FUNDS WILL SUPPORT, ACCELERATING THE LAUNCH AND CAPACITY OF ALPHA GRAPHICS, HUDU, AND WHAT HUDU GETS BACK. ECONOMIC DEVELOPMENT IS HELPING BUSINESSES GROW. [00:10:01] AND THEN WE'LL HAVE A CLOSING, UM, AT THE END. SO FEEL FREE TO INTERRUPT, ASK ANY QUESTIONS DURING THIS PRESENTATION OR ASK AT THE END. MY TEAM HAS REMINDED ME THERE'S A SPURS GAME AT SEVEN 30 AND I SHOULD BE QUICK . SO, UM, SO ABOUT US, ABOUT ALPHA GRAPHICS. ALPHA GRAPHICS IS ABOUT HELPING TURN VISION IN INTO BUSINESS WITH HEART AND HUSTLE. WE'RE YOUR LOCAL GO-TO PROMOTE PROVIDER OF MARKETING SOLUTIONS, SIGNS, PRINT AND PROMO. WE'VE BEEN DOING THIS FOR 20 YEARS IN CENTRAL TEXAS, AND WE'RE ALL ABOUT FAST, HIGH QUALITY AND, AND EXCEPTIONAL CUSTOMER SERVICE. WE HAVE A SERIOUS NEED FOR SPEED. AND DOING THESE PRESENTATIONS QUICKLY IS WHAT WE DO VERY WELL. ALPHA GRAPHICS IS A RETAIL MODEL FOR PROFESSIONAL BUSINESS SUPPORT, UM, SERVICES FOR HUDU, WE SPECIALIZE IN B2B, SMALL, MEDIUM, LARGE BUSINESSES, SCHOOLS, AND NONPROFITS. AND LIKE I MENTIONED EARLIER, WE'VE ALREADY GOT THREE CENTERS AND HUDA WILL BE NUMBER FOUR. WE ARE IN THE TOP 5% LARGEST ALPHA GRAPHICS IN THE NATION, AND WE'RE CONSIDERED A GOLD CIRCLE CENTER IN THE ALPHA GRAPHICS, UM, FRANCHISE. SO WE'RE ABOUT LOCAL SERVICE, LOCAL EXPERTS, AND HERE FOR HU HU CLIENTS ALLIANCE. OUR WORK, WHETHER IT'S EXECUTIVE PRESENTATIONS, DIGITAL ASSETS, VEHICLE GRAPHICS, ARCHITECTURAL PRINTS, ONLINE STOREFRONTS, WHERE COMPANIES CAN ORDER THEIR OWN PERSONALIZED PRINTING SIGNS, PROMOTIONAL PRODUCTS, DIRECT MARKETING, CROSS MEDIA MARKETING CAMPAIGNS, WE MAKE IT HAPPEN. SO IT'S MARKETING SIGNS, PRINT CUSTOMIZE, ONLINE STOREFRONTS, PROMOTIONAL ENGRAVING LIKE YOUR YETIS AND PENS AND BRANDED APPAREL. SO WHERE ALPHA GRAPHICS HATO FITS IN IS HELPING BUSINESSES STRENGTHEN THEIR MARKETING AND SALES SUPPORT BY PROVIDING SUPPORT FOR COMPANIES THAT DON'T HAVE THESE INTERNAL TEAMS, OR IF THEY DO HAVE THESE INTERNAL TEAMS, WE COMPLIMENT THOSE SERVICES AND RESOURCES FOR WHAT THEY DO. AND HERE'S SOME OF THE CLIENT TESTIMONIALS THAT ARE ALSO IN YOUR, UH, NOTEBOOK, ECON CONTROLS, TOP SIDE CONTRACTING, APPLIED MATERIALS, WASTEWATER SOLUTIONS, SMART CITY POLICY GROUP AND MISSION CHURCH. SO WHY ARE WE HERE? WE WANT A PARTNERSHIP. WE WANT A PARTNERSHIP WITH THE HU DO EDC AND ALPHA GRAPHICS TO CREATE LOCAL INVESTMENT AND WITH CITYWIDE VALUE RETAIL PROFESSIONAL BUSINESS SUPPORT HERE FOR HUDU. UM, AND THE, AND NOT ONLY THE BUSINESSES THAT ARE HERE, BUT THE REMOTE WORKERS ARE HERE, I FOUND A STATISTIC THAT SAID 17.7% OF THE EMPLOYEES IN HU HUDU WORK OUTTA THEIR HOME. SO THEY ARE MOST LIKELY NOT IN A POSITION TO GO DOWN TO THEIR CORPORATE OFFICE AND GET MARKETING OR SALES SUPPORT. THEY'RE ON THEIR OWN TRYING TO GET THOSE PROFESSIONAL SERVICES. WE'RE ALSO HERE TO SUPPORT THE HUDDLE BUSINESS. HU BUSINESSES ARE ALREADY HERE. AND IN THE ABSENCE OF HAVING THAT KIND OF LEVEL OF SUPPORT THAT ALPHA GRAPHICS HU PROVIDES THESE BUSINESSES AND REMOTE EMPLOYEES ARE MO MOST LIKELY TAKING ALL THAT SPENDING AND PUTTING IT OUTSIDE OF THE HU ECONOMIC ENVIRONMENT WHERE WE WANT TO BRING IT BACK INTO, INTO HU. WE ALSO WANNA HELP ATTRACT NEW BUSINESSES AND EXPAND EXISTING BUSINESSES AND INVESTMENTS, AND WE WANNA CREATE MEASURABLE RETURN FOR THE HUDU COMMUNITY. SO WHY HU HUDU IS A CITY GROWING WITH INTENTION. A SMALL TOWN CHARACTER WITH SMALL TOWN CHARACTER AND MAJOR GROWTH POTENTIALS. YOU GUYS ARE JUST SITTING IN A CATBIRD SEAT RIGHT NOW, I ASSUME YOU ALL KNOW THAT. MM-HMM . UM, STRATEGIC CENTRAL TEXAS LOCATION, PRO-BUSINESS ENVIRONMENT, STRONG AND GROWING WORKFORCE THAT NEEDS PROFESSIONAL BUSINESS SUPPORT. NO. SIDE NOTE, I JUST LOVE THE ENERGY OF THIS TOWN. SO WHY AFL GRAPHICS? SO WE, WE'VE ALREADY COMMITTED TO HUDU, WE'RE COMING TO HU AND YOU KNOW, WE HAVE ALREADY SECURED A LEASE, LIKE I SAID, AT THE CORNER OF EDGE SCHMITT AND, UM, HIGHWAY 79. WE'RE ALSO A STRATEGIC GROWTH PARTNER. WE HAVE EXECUTIVE READY PRESENTATION LIKE WE'RE DOING TONIGHT TO YOU ALL. AND WE, WE CAN HAVE A BIG LOCAL IMPACT. SO WE'VE SIGNED THE LEASE, THEY'VE STARTED CONSTRUCTION, [00:15:01] AND, UM, WE'RE COMMITTED. WE'VE INVESTED OVER $40,000 ALREADY. AND, UM, AND WE'VE HIRED AND STARTED TRAINING EMPLOYEE NUMBER ONE. KATIE, WHO'S HERE AGAIN. SO THIS PARTNERSHIP THAT WE WANT WILL REALLY DETERMINE THE SCALE OF ALPHA GRAPHICS. HU SO WITHOUT THE INCENTIVES, ALPHA GRAPHICS, HU WILL BE A SALES OFFICE AND THAT WILL BE A STOREFRONT FOR PEOPLE TO COME IN, CUSTOMERS TO COME IN AND HAVE VISIBILITY AND PRODUCTION WILL BE DONE MOST LIKELY IN AUSTIN AT ONE OF OUR OTHER CENTERS. WITH THE INCENTIVES, IF YOU GUYS ARE TO CHOOSE US, WE WILL HAVE PRODUCTION EQUIPMENT HERE IN HUDDLE AND WE WILL BE ABLE TO PRODUCE A LOT OF THE MATERIALS HERE IN, IN HATO VERSUS SENDING IT TO AUSTIN. UM, I'M SURE YOU HAVE NOT SPENT ALL THE NUMBERS. LOOKING AT MY 10 YEAR CASHFLOW ANALYSIS, IT'S OVER $900,000 INVESTMENT FOR ALPHA GRAPHICS HATO TO GET GOING. AND THE INCENTIVE WILL HELP US ACCELERATE THAT. AND LIKE I SAID, TO BRING THE PRODUCTION HERE IN TOWN VERSUS HAVE IT BE OUTSIDE OF TOWN. SO THE INCENTIVE HELPS MOVE PRODUCTION CAPACITY, NOT JUST SALES ACTIVITY TO HUDDLE A STRATEGIC GROWTH PARTNER. WE'RE A RESOURCE FOR BUSINESS EXPANSION AND, AND VISIBILITY. WHETHER THAT'S WORKING WITH THE HUDU, EDC AND CHENEY AND HER TEAM, OR OTHER BUSINESSES THAT ARE IN TOWN THAT WANT TO EXPAND, WHERE A LOCAL PARTNER FOR RETENTION AND AND ATTRACTION EFFORTS. COMPANIES LIKE TO MOVE TO AREAS WHERE THEY KNOW THEY CAN GET PROFESSIONAL BUSINESS SUPPORT FROM COMPANIES LIKE ALPHA GRAPHICS. SO THE MERE FACT THAT WE'RE IN TOWN IS GONNA BE A PLUS FOR BUSINESSES LOOKING TO MOVE TO THE HUDU COMMUNITY OR EXPANDING TO HU WE'VE GOT A BUSINESS SERVICE MODEL BUILT OVER TIME AND LONG TERM VALUE. LIKE I SAID, WE'VE BEEN AROUND FOR OVER 20 YEARS AND WE'VE ALREADY COMMITTED TO ALPHA GRAPHICS AUTO. IT'S A RETAIL MODEL WHERE BUSINESS PROFESSIONALS CAN WALK IN AND GET PROFESSIONAL BUSINESS SUPPORT. THEY DON'T NEED TO MAKE AN APPOINTMENT, THEY LITERALLY CAN WALK IN THE DOOR. AND WE'RE A LOCAL PARTNER COMMITTED TO THE INVESTMENT IN THE COMMUNITY. SO, YOU KNOW, WE'RE AN EXPERIENCED OPERATOR. WE'VE BEEN DOING THIS FOR 20 YEARS, UM, AND WE'RE NOT AN UNPROVEN COMPANY. SO EXECUTIVE RATING MARKETING. SO WHETHER IT'S HIGH IMPACT, HYPER-PERSONALIZED SALES PRESENTATION BROUGHT TO LIFE THROUGH INTENTIONAL MESSAGING, STANDOUT CREATIVE AND IMMERSIVE IN-ROOM EXPERIENCE. UH OH, WHAT DID THEY DO? UM, SOMEONE'S TRYING TO GET IN. OH, I GOT 'EM. AND THAT'S, THAT'S WHAT WE DO REALLY WELL. MARKETING IS A VERY BROAD CATEGORY. EXECUTIVE READY MARKETING AND PRESENTATIONS. WHEN IT THE STAKES ARE HIGH IS WHAT WE DO. WELL, YOU KNOW, THAT INCLUDES THE POWERPOINT DECKS, THE VIDEO THAT YOU SAW TODAY THAT WE MADE. THE CUSTOM MATERIALS THAT YOU HAVE IN FRONT OF YOU. PUT THAT THEME AND MESSAGING AND THE BRAND INTO A HIGH LEVEL PRESENTATION AND IT'S GONNA MAKE AN IMPRESSION. IT'S GONNA HAVE A WOW MOMENT AND IT'S GONNA HELP WIN ATTENTION AND HAVE A HIGHER WIN PERCENTAGE OF THE DEALS WE'VE GOT DIGITAL ASSETS, INCLUDING CUSTOMIZED VIRTUAL BOOKS, ZOOM BACKGROUNDS, PROFESSIONAL BRANDING THAT FOR GROWTH EFFORTS, UM, AND STRATEGIC COMMUNICATION THAT HELPS DECISION MAKING. MULTIDIMENSIONAL MULTI-TOUCH MARKETING CAMPAIGNS. SO THE LOCAL IMPACT IS, UH, WE WANT TO PRESERVE HU'S SMALL TOWN FEEL AND EXISTING BUSINESSES, WHILE ALSO SUPPORTING GROWTH. WITH YOUR PARTNERSHIP, WE WILL CREATE MORE NEW JOBS IN HURO, HAVE MORE PAYROLL, HAVE MORE TAXABLE SALES, HAVE MORE PROPERTY TAXES AND LOCAL PRODUCTION CAPACITY. WE'RE ALSO WANNA PARTNER WITH THE CITY BY OFFERING DISCOUNTED VALUE ADDED SERVICES. NOT ONLY THE CITY, BUT THE BUSINESS COMMUNITY. AND WE WANT TO HELP ATTRACT OTHER BUSINESSES TO THIS AREA BASED ON OUR PROFESSIONAL RESOURCES. UH, SUPPORT PUBLIC COMMUNICATION, MUNICIPAL VISIBILITY, AND INDEPENDENT SCHOOL DISTRICT RELATED OPPORTUNITIES. SO THE MARKET NEED GROWTH, NEEDS VISIBILITY. HU DO BUSINESSES NEED STRONG LOCAL MARKETING SUPPORT? POLISHED PUBLIC FACING COMMUNICATIONS HELP HU TO CAPITALIZE ON THE EXPANDING ECONOMIC OPPORTUNITIES IN THE AREA. [00:20:01] GROWING EXISTING BUSINESS SALES AND ATTRACTING NEW BUSINESS TO HATO REQUIRES EXECUTIVE READY MATERIALS. LOCAL ACCESS AND LOCAL PRODUCTION IMPROVES RESPONSIVENESS AND CONSISTENCY. AND NOW OUR ALIGNMENT WITH THE HATO EDC. WE WANT TO BE A PARTNER IN GROWTH, SUPPORTING EXISTING BUSINESS RETENTION AND EXPANSION. WANNA REINFORCE WORKFORCE AND BUSINESS COMMUNITY VISIBILITY, HELP ATTRACT NEW BUSINESSES AND INVESTMENTS INTO THE HU COMMUNITY AND COMPLEMENT HU'S PROFESSIONAL SUPPORT RESOURCES HELP. WE WANT TO HELP CONVERT GROWTH IN A VISIBLE BUSINESS MOMENTUM. NOW THE INCENTIVE FRAMEWORK. SO WE WANT OUR INCENTIVE REQUEST TO BE TIED TO MEASURABLE RETURN. THE ASK IS A HUNDRED THOUSAND DOLLARS FOR INITIAL EQUIPMENT TECHNOLOGY REIMBURSEMENT, DOCUMENTED FROM PAID, UM, INVOICES, 65,000 FOR FURNITURE AND FIXTURE LAUNCH, CASH FLOW STABILIZATION SUPPORT DOCUMENTED FROM PAID INVOICES AND INCREMENTAL CASH FLOW ANALYSIS. 60,000 IN EARLY JOB CREATION PAYROLL GRANT. THAT'S 10,000 FOR EVERY FULL-TIME EMPLOYEE. ADDED 50,000 FOR OPENING STARTUP GRANT PAID FROM DOCUMENTED PAID INVOICES. 50,000 IN SALES TAX REIMBURSEMENT. THAT'S 50% OF THE CITY OF HA'S PORTION OF THE 1% SALES TAX CAPPED AT 50,000, 50,000 ADDITIONAL EQUIPMENT REIMBURSEMENT. WE INVEST 200,000 IN ADDITIONAL EQUIPMENT THAT WE WOULD GET REIMBURSED FOR 25% OF THAT AGAIN THROUGH DOCUMENTED PAID INVOICES. AND THEN 25,000 INFRASTRUCTURE, EXPANDING THE BRANDING STOREFRONT VISIBILITY, UM, SIGNAGE ON THE, ON THE BUILDING. AND THE HU HIPPO. I I WANT TO PUT A HU HIPPO LIKE YOU GUYS HAVE AT THE CITY HALL OUTSIDE ON 79 ACROSS FROM THE HIGH SCHOOL. SO I WANT THE LEGEND OF THE HIPPO TO CONTINUE. SO TOTAL, TOTAL INCENTIVE REQUEST IS $400,000 AND THE DISCOUNT, UM, THAT ALPHA GRAPHICS AND IN KIND OFFER THAT WE'RE OFFERING, UH, FOR 40,000 EXISTING HU BUSINESS MARKETING SERVICES, 40,000 CITY OF HU MARKETING SIGNS, VEHICLE GRAPHICS, SPRINTING MANNERS, WHATEVER THE CITY OF HU OF HU WANTS. HU EDC 35,000 STRATEGIC MARKETING BUSINESS RECRUITMENT EXPANSION SUPPORT, 10,000 HUDDLE INDEPENDENT SCHOOL DISTRICT, 10,000, UM, HURO, UH, SWAG. SO TOTAL ALPHA GRAPHICS HURO DISCOUNT IN KIND BENEFIT IS $125,000. SO A SUMMARY OF REQUEST IS, UH, A PARTNERSHIP WITH THE CITY OF HURO AND THE HURO EDC CAPPED PERFORMANCE BASED ON DIRECT INCENTIVE PACKAGE OF 400,000 $125,000 ALPHA GRAPHICS DISCOUNT IN, IN KIND VALUE TO HUDU EDC, CITY OF HU HU ISD AND EXISTING BUSINESSES AND REMOTE EMPLOYEES. SO THE TOTAL PUBLIC PRIVATE PARTNERSHIP VALUE IS $525,000. AND THEN, UM, I'M ALSO HAVE A REQUEST FOR SOME NON-CASH PARTNERSHIP SUPPORT, WHICH I'LL GET TO IN A MINUTE. SO HOW CAN THIS BE FUNDED THROUGH THE CHAPTER 3 83 81 PARTNERSHIP CAN FUND THE $400,000 EQUIPMENT LAUNCH INFRASTRUCTURE, FFE SALES, TAX REIMBURSEMENT, WORKFORCE, JOB GRANT, INFRASTRUCTURE, QUALITY OF LIFE COMBINED INTO ONE PERFORMANCE BASED AGREEMENT. AND THEN THE RESULT TO HUDU IS HU DO. ALPHA GRAPHICS IS NOT JUST A SALES OFFICE, IT IS ALSO A PRODUCTION HUB. PRODUCTION EQUIPMENT WILL BE LOCATED IN TAXED IN HUDU WORK PERFORMED IN HUDU INSTEAD OF AUSTIN. INCREASE LOCAL JOBS AND PAYROLL, FASTER DELIVERABLES FOR LOCAL BUSINESSES THAT WE CAN PRODUCE IT HERE VERSUS HAVING TO SHUTTLE IT FROM AUSTIN AND SUPPORT FOR BUSINESS CITY EDC SCHOOLS AND EVENTS. $400,000 PUBLIC INCENTIVE. 125,000 ALPHA GRAPHICS PRIVATE VALUE. OUR PARTNERSHIPS WORTH $525,000 WITH PUBLIC PRIVATE PARTNERSHIP. SO HERE'S A LIST OF THINGS I'D LOVE TO GET SOME HELP WITH. UM, THAT DOESN'T COST ANY MONEY, YOU KNOW, HU DO ISD AND I DON'T, DON'T WANNA DO ANYTHING THAT'S NOT, YOU KNOW, FOLLOWING THE RULES. BUT YOU COULD HELP US FIGURE OUT HOW TO GET INTO PROCUREMENT FOR HOW DO ISD, HOW TO, HOW TO TALK TO THEM, TALK TO THE RIGHT PEOPLE, HOW TO NAVIGATE [00:25:01] THE HU ISD PROCUREMENT SYSTEM. LOVE TO HAVE A DEDICATED RESOURCE AT THE HU EDC TO BE A LIAISON AND HELP US FIGURE OUT HOW WE CAN GET THESE CONNECTIONS GOING AND THE SALES GOING. HELP US GETTING PERMITS, SIGN PERMITS. UH, THE HU HIPPO, BELIEVE IT OR NOT, IS A HARD TIME TRYING TO FIND THAT EXACT HATO HIPPO. SO, UM, GRAND OPENING SUPPORT, HELPING US RAMP THE SALES AS QUICKLY AS POSSIBLE. UM, LOCAL CITY OF HU PROCUREMENT INTRODUCTIONS, IF YOU CAN INTRODUCE US TO WHO WE NEED TO TALK TO IN THE CITY OF HATO, WHO, HOW WE NEED TO GET CONNECTED. HELP US FIGURE OUT HOW TO GET CONNECTED TO THE BUSINESS COMMUNITY TO GET VISIBILITY, VENDOR REGISTRATION ASSISTANCE WITH ALL THE GOVERNMENT AND SCHOOLS IN THE AREA. UM, AND WHEN, WHEN WE EXPAND AND HUDDLE, I'D LOVE FOR YOU GUYS TO HELP US FIGURE OUT HOW WE CAN DO THAT MARKETING AND COMMUNICATION COLLABORATION WITH YOU ALL AND THE HUDDLE LAUNCH AND LAUNCHING ALPHA GRAPHICS AND DOWN THE ROAD IF WE NEED FUTURE EXPANSION AS ALPHA GRAPHICS, HUDDLE GROWS JOBS, SQUARE FOOTAGE AND PRODUCTION CAPABILITIES. SO THE ROI INPUTS $400,000 ALPHA GRAPHICS HUDDLE INCENTIVE 10 YEAR RETURN TO THE COMMUNITY OF BY ALPHA GRAPHICS. HURO IS, UM, $286,000 OF TAX BENEFITS. THAT'S PROPERTY TAXES. AND THE SALES TAX PORTION THAT COMES BACK TO HURO. THE DISCOUNTED, UM, IN KIND BENEFIT OFFER 125,000. THE PROJECTED 10 YEAR COMPENSATION WITH BENEFIT IS $3.1 MILLION. SO TOTAL 10 YEAR RETURN TO THE HU COMMUN IS $3.5 MILLION. SO THE ROI TOTAL COMMUNITY IMPACT RETURN ON THE 400,000 INCENTIVE IS 8.76 X. SO WHAT WILL THE FUNDS SUPPORT? WHAT ARE WE GONNA DO WITH THE $400,000? IT'S GONNA ACCELERATE THE LAUNCH AND CAPACITY OF ALPHA GRAPHICS. HU IT'S GONNA BE INVESTED IN EQUIPMENT AND PRODUCTION FURNITURE FIXTURES LAUNCH CASH FLOW STABILIZATION TRAINING, NEW HU BASED EMPLOYEES OPENING STARTUP GRANT MARKET LAUNCH, LOCAL OUTREACH INFRASTRUCTURE, EXTERIOR BRANDING, THE BIG HU HIPPO AND THE CAPACITY, CREATE THE CAPACITY FOR THE DISCOUNTED CITY AND SMALL BUSINESS SUPPORT. WHAT HUDU GETS BACK. A VISIBLE VALUE ADDED PARTNER. DISCOUNTED EXECUTIVE PRESENTATIONS FOR NEW BUSINESS RECRUITMENT EFFORTS OF THE HU EDC DISCOUNTED INTERIOR SIGNS AND GRAPHICS FOR THE CITY OF HU DISCOUNTED VA VEHICLE GRAPHICS FOR THE CITY OF HATO DISCOUNTED HU DO ETT SWAG. DISCOUNTED PROFESSIONAL MARKETING HOURS FOR EXISTING HU BUSINESSES. A RETAIL PROFESSIONAL BUSINESS SERVICE AND PRODUCTION HUB IN HU. SO IN CLOSING, THE CHOICE BEFORE THE CITY OF HU IS, UM, WILL AL ALPHA GRAPHICS HU BE A SALES OFFICE OR A PRODUCTION HUB? WILL IT BE A LIMITED STOREFRONT OR A LONG-TERM ECONOMIC DEVELOPMENT ASSET IN THIS COMMUNITY? WILL ALPHA GRAPHICS HU BE OUTSOURCED PRODUCTION TO AUSTIN? OR WILL THE PRODUCTION EQUIPMENT, PRODUCTION JOBS AND WORK BE PERFORMED IN HU WILL ALPHA GRAPHICS HUDU HAVE THE CAPACITY TO PROVIDE FAST SERVICE TO THE COMMUNITY, OR DELAYED PRODUCT AND SERVICE TO COMMUNITY? SO OUR REQUEST IS TO APPROVE THE 400,000 AT A CAPPED DOCUMENTED PERFORMANCE BASED CITY OF HUDU AND HUDU. UM, EDC PARTNERSHIP, ALPHA GRAPHICS IS ALREADY COMMITTED TO HUDU AND WE'RE SUPER EXCITED ABOUT IT. THIS PARTNERSHIP WILL DETERMINE THE SCALE OF HU'S RETURN TO THE BUSINESS COMMUNITY, PARTNERING FOR GROWTH, HELPING HU TO BUILD WHAT'S NEXT. SO THAT'S MY CONTACT INFORMATION. THAT'S THE ALPHA GRAPHICS HUDDLE LOCATION COMING SOON. IT'S ALSO IN THE BACK OF YOUR NOTEBOOK. SO ANY QUESTIONS? I HAVE ONE. OKAY. UH, JUST AS AN EXAMPLE OF, YOU KNOW, SALES OFFICE VERSUS PRODUCTION HUB. YES. IF I WERE TO PLACE AN ORDER FOR ALL OF THE MATERIALS THAT YOU BROUGHT TODAY MM-HMM . JUST FOR EXAMPLE. YES. BECAUSE YOU KNOW WHAT THAT QUANTITY IS. IF I WERE TO PLACE THAT AT A SALES OFFICE IN HU WHAT WOULD BE [00:30:01] THE TURNAROUND TIME OF THAT BEING DELIVERED TO ME VERSUS HAVING THE PRODUCTION HUB HERE? IT WOULD BE AN ADDITIONAL DAY. OKAY. SO, I MEAN, ALPHA GRAPHICS IS ALL ABOUT SPEED, SO WE TURN THINGS AROUND VERY QUICKLY, BUT IT'S AN ADDITIONAL DAY TO COURIER THE, THE, THE ASSETS FROM NORTH AUSTIN OR AUSTIN UP HERE TO HU. OKAY. GOT IT. SO I HAVE A QUESTION, UHHUH, SINCE YOU HAVE A COUPLE OF OFFICES HERE OR LOCATIONS HERE IN AUSTIN AND ONE IN SAN ANTONIO, I CAN'T IMAGINE OUR LOCATION WILL BE THAT MUCH DIFFERENT. SO MY QUESTION IS, WHAT TYPES OF INDUSTRIES DO YOU SERVICE IN THOSE OFFICES? IT'S PRIMARILY B2B BUSINESS TO BUSINESS. AND IT RUNS THE GAMUT FROM SMALL BUSINESSES, MEDIUM TO LARGE BUSINESSES. SO OUR NONPROFITS, YOU KNOW, OUR BIGGEST ACCOUNT IS, YOU KNOW, A NATIONALLY KNOWN SOFTWARE COMPANY THAT YOU WOULD KNOW. AND THEN THE SECOND BIGGEST ONE IS A BIG NONPROFIT IN SAN ANTONIO. AND THEN, YOU KNOW, IT, IT DROPS FROM THERE VERY RAPIDLY TO MAINLY SMALL TO MEDIUM SIZED BUSINESSES. WE'RE NOT B2C. WE'RE B2B, UM, AND WE'RE ALL ABOUT SPEED AND QUALITY AND CUSTOMER SERVICE. DID I ANSWER YOUR QUESTION? YES. UHHUH. . SO THEN MY FOLLOW UP QUESTION IS HOW, HOW DO YOU FEEL, HOW DO YOU BELIEVE THAT YOU COMPARED, UH, TO YOUR COMPETITORS? WELL, I MEAN, THERE'S OTHER, I MEAN, I DON'T CONSIDER US A PRINTER FOR NUMBER ONE. SO, YOU KNOW, WHAT, WHAT WE DO IS THESE EXECUTIVE PRESENTATIONS AND MARKETING MESSAGING AND, YOU KNOW, HYPER-PERSONALIZED, UH, CREATIVE FOR THESE BIG WHEN THERE'S A LOT OF MONEY AT STAKE. AND, UM, WHAT OUR DIFFERENTIATOR IS, IS WE DO THAT VERY QUICKLY WHERE, YOU KNOW, THERE ARE MARKETING FIRMS YOU CAN GO TO TO GET THAT LEVEL OF SUPPORT. THEY'LL HELP YOU WITH THE POWERPOINT, THEY'LL HELP YOU WITH THE VIDEO, THEY'LL HELP YOU WITH ALL THE THINGS THAT WE PRESENTED TO YOU TODAY. BUT IT WILL TAKE WEEKS WHERE IT WILL TAKE US DAYS. AND SO I KNOW, YOU KNOW, SO, YOU KNOW, THEY HAVE THEIR PLACE AND THEY DO THINGS, YOU KNOW, WE DON'T DO S-E-O-S-E-M, BUT WE DO WHAT WE PRESENTED TO YOU TODAY AND WE DO IT VERY WELL AND WE DO IT QUICKLY. AND THAT'S SO, YOU KNOW, FROM OUR COMPETITORS. I, I CAN HONESTLY SAY FROM A MARKETING STANDPOINT, I DON'T REALLY FEEL LIKE I HAVE, WE HAVE MUCH, UM, IT TAKES, UM, IT TAKES A DIFFERENT BUSINESS ACUMEN TO UNDERSTAND THE VALUE OF THESE THINGS. THEY'RE NOT INEXPENSIVE. AND, UM, YOU KNOW, WE HAVE SEVERAL PRODUCT LINES, YOU KNOW, THE MARKETING SERVICES WHICH I PRESENTED TODAY. WE DO A LOT OF SIGN WORK. WE'RE BASICALLY A BIGGER INTO SIGNS THAN WE ARE IN PRINTING. SO WE DO A LOT OF INTERNAL GRAPHICS, BANNERS, WALL WINDOWS, FLOORS, YOU KNOW, LOGOS, LIKE BEHIND WHAT YOU TODAY. UM, BUT WE DON'T DO ELECTRICAL SIGNS. SO, UM, WE'LL DO EVENT CONVENTIONS, EVENT GRAPHICS WHERE WE'LL GO IN AND REBRAND AN ENTIRE CONFERENCE CENTER OR A HOTEL FOR LIKE SOUTH BY SOUTHWEST. SO IT'S SOMEBODY'S BRAND THAT'S COMING IN AND THEN WE'LL, WE'LL TEAR IT OUT, TELL, TEAR IT ALL DOWN, YOU KNOW, THREE OR 10 DAYS LATER. AND THEN FROM A A PRINTING STANDPOINT, WE'RE, WE'RE A QUICK PRINTER. AGAIN, IT'S ALL ABOUT SPEED. AND YOU KNOW, PEOPLE THAT WANT THE CUSTOMER SERVICE, PEOPLE THAT WANT THE CONSULTATIVE SALE, THEY'RE GONNA COME TO ALPHA GRAPHICS. THERE ARE ONLINE CHEAPER SOLUTIONS. SOMEONE WANTS TO GET CHEAP, GO ONLINE AND, YOU KNOW, I'M NOT TRYING TO SELL SOMEBODY SOME SOMETHING THEY DON'T NEED EITHER. SO, YOU KNOW, WE JUST KIND OF HAVE A DIFFERENT MODEL THAT, UM, WE'RE, WE'RE ALL ABOUT CUSTOMER EXPERIENCE, SPEED, QUALITY, AND DELIVERING IN THESE NICHE AREAS THAT'S UNIQUE. LIKE THIS, THIS YETI IN THE PEN THAT YOU HAVE, WE ACTUALLY HAVE LASER ETCHES THAT AT LASER ETCH THESE, WE'VE GOT, YOU KNOW, A DIRECT OBJECT PRINTER THAT WE COULD HAVE PRINTED ON THESE TUMBLERS AND PEN JUST AS EASY AS WE LASER ETCHED THEM SO WE CAN MAKE THINGS QUICKLY. AND WE, WE DO A LOT OF WHAT I CALL R AND D. WE FIGURE OUT, YOU KNOW, SOMEONE HAS A NEED. ONE, ONE TIME A CLIENT WANTED THREE FOOT HIGH, 12 FEET, 12 INCHES DEEP HAY LETTERS THAT SAID S-A-S-S-A-T-X AND NOBODY ELSE WOULD MAKE 'EM FOR 'EM. WELL, WE FIGURED IT OUT AND DELIVERED IT TO 'EM. SO WE LOVE UNIQUE PROJECTS LIKE THAT, NOT THE COMMODITY BASED PROJECTS. WE WON'T BE THE CHEAPEST, BUT WE'RE GONNA GIVE GREAT SERVICE AND WE'RE GONNA HELP DELIVER RESULTS. MM-HMM . YEAH. YOU MAY HAVE SAID THIS ALREADY, WHAT'S THE KIND OF THE PLAN FOR THE EMPLOYEE COUNT? I KNOW THAT'S GONNA RAMP UP OVER TIME, BUT WHAT CAN YOU SHARE NOW? PROJECTED EMPLOYEE COUNT. SO IN THE TENURE PROJECTION, I HAVE 6.5 HEAD FULL-TIME FD SO SIX FULL-TIME AND A PART-TIME PERSON. AND THAT'S WITH THE INCENTIVE SUPPORT. IF IT'S JUST A SALES OFFICE, IT WILL BE MUCH LESS THAN THAT. OKAY. AND THEN AS A PRODUCTION FACILITY, DO YOU ENVISION ANY AUSTIN PRODUCTION [00:35:01] OVERFLOW? WHAT I'M SAYING IS IF, IF FOR SOME REASON, UM, DEVIL'S ADVOCATE HERE, IF THINGS ARE SLOW HERE IN THE AUSTIN PRODUCTION AREA MM-HMM . UH, CAN YOU COMPENSATE THAT AND, AND MAKE YOUR INVESTMENT WORTHWHILE HERE IN HUDU BY TAKING ON SOME OF THE AUSTIN OVERFLOW, SO TO BEGIN TO HIT YOUR SPEED REQUIREMENTS? I KNOW NOW THERE'S A DAY FROM HUDU TO AUSTIN OR WHOEVER YOUR CLIENTS ARE THAT WASN'T THERE IN AUSTIN, BUT IS THAT SOMETHING IN THE PLAN AS WELL AS A POTENTIAL? YOU KNOW, THERE'S ONE PIECE OF EQUIPMENT THAT THE, THAT, SO MY NORTH AUSTIN LOCATION IS THE HUB. SO WE RUN OUTTA A HUB AND SPOKE SYSTEM. AND SO NORTH AUSTIN'S THE HUB. THAT'S WHERE I'VE GOT THE REALLY EXPENSIVE BIG EQUIPMENT. CENTRAL AUSTIN AND SAN ANTONIO ARE, ARE KIND OF THE SPOKES, BUT THEY PRODUCE 80% OF WHAT THEY SELL. RIGHT. AND THAT'S WHAT HUDA WILL BE. THEY'LL PRODUCE, MY GOAL IS THEY PRODUCE 80% OF WHAT THEY SELL. THE OTHER 20% NEEDS THE SPECIALIZED EQUIPMENT THAT THEY HAVE TO USE THE AUSTIN LOCATION. LIKE I, WE'VE GOT A VERY EXPENSIVE PERFECT BINDER THAT PERFECT BINDS SOFT COVER BOOKS THERE. THERE'S A SLEEKER MACHINE THAT DOES GOLD FOIL. WELL, I CAN'T REPLICATE THAT IN MY CASH INVESTMENT OTHER THAN AT THE HUB. SO, BUT TO ANSWER YOUR QUESTION, THERE'S, I WANT TO PUT A BLUEPRINT PRINTER HERE IN HUTTO BECAUSE OF ALL THE CONSTRUCTION GROWTH. RIGHT. AND THERE'S NOT A BLUEPRINT PRINTER IN NORTH AUSTIN. OKAY, COOL. SO THERE'S A CHANCE WE COULD DO BLUEPRINT BACK AND FORTH, BUT OTHER THAN THAT, NORTH AUSTIN'S PRETTY MUCH GOT EVERYTHING. OKAY. THANK YOU. THAT'S A GREAT QUESTION THOUGH. THANK YOU. JANE, FROM, UH, I DON'T UNDERSTAND THE BUSINESS FROM A ON SALES TAX, SO THAT'S WHERE THIS QUESTION'S COMING FROM. IS EVERYTHING YOU SELL SALES TAX OR ARE THERE THINGS THAT'S JUST SERVICE ORIENTED THAT YOU GET INCOME ON? OR HOW WOULD WE, HOW WOULD WE MEASURE, LIKE IF YOU GAVE US, UM, I GUESS A PROJECTION OF WHAT YOU SEE IN SALES IN A YEAR, UM, I GUESS CAN YOU GIVE US THAT AND THEN IS IT ALL SALES TAX OR IS IT JUST PROPERTY TAX BASED ON THE EQUIPMENT? I THINK THAT AS A FOLLOW UP, I'M GONNA GUESS MIKE, THAT IT'S ABOUT 85% OF WHAT WE SELL IS SALES TAXABLE. THE TWO PARTS THAT ARE NOT IS WHEN WE'RE SUPPORTING A NON-PROFIT OR, UH, PUBLIC EDU ISD AND IF IT'S A BUSINESS THAT'S GONNA RESELL IT TO SOMEBODY ELSE. SO, YOU KNOW, THAT'S, YOU KNOW, THE, OUR NUMBER TWO CLIENT IS A NONPROFIT, SO THEY DON'T PAY SALES TAX. AND THEN, YOU KNOW, WE HAVE A LITTLE BIT OF OUR SALES THAT IS OUR, THEY'RE TO A BUSINESS THAT'S RESELLING WHAT WE'RE SELLING TO THEM. SO I'M GONNA GUESS THAT'S ABOUT 85% IS SALES TAX ELIGIBLE. BUT I'LL GET A HARD NUMBER FOR YOU AND TELL YOU IT'S REALLY HIGH. AND IF YOU HAD TO PROJECT, WHAT DO YOU SEE, WHAT DO YOU SEE THIS LOCATION, IF YOU HAD THE FUNDING, WHAT WOULD YOU SEE THIS HAVING IN SALES, LIKE AS A PROJECTION? WELL, I DID THE SAME THING IN CENTRAL AUSTIN WHERE, I MEAN, THIS IS VERY MUCH A SAME, SAME MODEL OF WHAT WE DID IN CENTRAL AUSTIN. AND WE GREW THAT FROM, UM, ZERO TO 2.2 MILLION IN, UM, ABOUT FIVE YEARS. AND, YOU KNOW, WE LEARNED A LOT FROM THAT. AND I THINK WE CAN DO IT FASTER HERE. I'M VERY MUCH COMMITTED THAT I CAN DO IT FASTER. 'CAUSE WE LEARNED HOW TO DO IT THROUGH CENTRAL AUSTIN. SO, YOU KNOW, I, I ANTICIPATE WE'LL GET TO THE TWO, 2 MILLION CERTAINLY WITHIN 10 YEARS, IF NOT SOONER. THAT'S MY GOAL. 2 MILLION PER YEAR? YES, SIR. YEAH. YES SIR. AND WHERE IS THAT LOCATION? THE ONE IN, UH, CENTRAL AUSTIN'S ACROSS FROM WHOLE FOODS AT FIFTH AND LAMAR. SO IT'S LITERALLY RIGHT ACROSS THE STREET. IF YOU, IF YOU DRIVE DRIVE THERE AT NIGHT, IT'S ALL LIT UP RED WITH ALPHA GRAPHICS. UM, BUT THAT'S BASICALLY WHAT I'M TRYING TO REPLICATE HERE IN HU AND WHERE'S YOUR OTHER STORE IN AUSTIN? THE MAIN LOCATION IS ON BREAKER LANE, UM, JUST EAST OF THE DOMAIN, ABOUT A MILE AND A HALF. AND THE ONE IN SAN ANTONIO IS ON INTERSTATE 10 ACROSS FROM THE USAA HEADQUARTERS. GOOD LOCATION. UH, ONE OF THE THINGS THAT I FEEL THAT SEPARATES, YOU KNOW, BUSINESS, ONE BUSINESS FROM ANOTHER HAPPENS TO BE THEIR DIGITAL MARKETING. THAT'S A REALLY TOUGH THING TO GET SERVICES FOR, WELL, TO GET ECONOMICALLY FEASIBLE RESOURCES FOR. MM-HMM . COULD YOU EXPAND JUST A LITTLE BIT ON WHAT DIGITAL MARKETING SERVICES YOU WOULD OFFER? I FEEL LIKE THAT WOULD BE A PRETTY LARGE NEED FOR THE BUSINESS OWNERS IN OUR AREA. YEAH, I MEAN, I'M SUPER EXCITED ABOUT IT. WE'VE ADDED MARKETING SERVICES. WE HAVE, YOU KNOW, MARKETING SERVICES PEOPLE. SHANNON HOLLINGSWORTH, OUR INNOVATION DIRECTOR, BRO WOLF IS ON REMOTELY AND SHE'S OUR DIRECTOR OF, OF, OF MARKETING AND STRATEGIC MESSAGING. SO POWERPOINT DECKS CUSTOMIZED, LIKE WHAT WE DID HERE. THEY MADE THIS POWERPOINT DECK FOR YOU GUYS. BREW MADE THAT VIDEO FOR YOU GUYS. AND SO THE, THE VIDEO CUSTOMIZED POWERPOINT, THOSE ARE TWO BIG THINGS THAT WE SELL A LOT OF FLIPPING BOOKS. LIKE IF I GET ALL YOUR EMAILS ADDRESS, I'M GONNA SEND YOU A FLIPPING BOOK. AND, UM, ZOOM BACKGROUNDS. UH, WE TRIED TO SET THAT UP WITH TEAMS. IT DOESN'T WORK REALLY [00:40:01] WELL WITH TEAMS, BUT WE DO THAT AS WELL. AND THEN, UM, YEAH, AND WE ALSO DO MICRO SITES. OKAY. WE CAN DABBLE IN MICRO SITES, BUT MOST OF THE DIGITAL WORK WE DO IS POWERPOINT VIDEOS, FLIPPING BOOKS, ZOOM BACKGROUNDS. VERY COOL. OKAY. THANK YOU. MM-HMM . ANY OTHER QUESTIONS FOR JANE? WHAT I, ONE OTHER, AND THIS JUST BECAUSE I KNOW CHENEY WILL NEED SOME MISINFORMATION. IF YOU HAD TO PROJECT THE COST OF ALL THE EQUIPMENT FOR, SAY YOU GET THE FULL GRANT, YOU'RE GONNA DECK OUT THE STORE FRONT WITH EVERYTHING. WHAT'S A WAG ON WHAT THAT EQUIPMENT COST IS GOING TO BE? WELL, IN MY PROJECTION, I THINK IT'S THREE YEARS, IS, UH, IT, THE NEGATIVE CASH FLOW IS $909,000. THE VAST MAJORITY OF THAT IS THE EQUIPMENT. SO, UM, I DON'T REMEMBER OFF THE TOP. I'LL GET YOU GET THAT BACK. YOU'VE GOT MY EXCEL SPREADSHEET SO YOU CAN TELL THEM. WE'LL, WE'LL COVER THAT IN, EXACTLY. YEAH. OKAY. IT, IT'S, IT'S EXPENSIVE. THIS EQUIPMENT IS EXPENSIVE. YEAH. IT'S NOT CHEAP. AND, UM, THESE ARE, THESE ARE SOPHISTICATED COMMERCIAL MACHINES, YOU KNOW, THEY LOOK LIKE A COPIER THAT YOU'VE SEEN IN OFFICE, BUT THEY'RE NOT, YOU KNOW MM-HMM . AND, UM, IT'S, IT'S A PRETTY CAPITAL INTENSIVE BUSINESS. MM-HMM . AND YOU KNOW, IT. SO, AND THAT'S THE BIG ISSUE IS WILL ALPHA GRAPHICS TITLE, JUST BE A SALES OFFICE OR WE WILL, WILL WE HAVE SOME OF THIS EXPENSIVE PRODUCTION EQUIPMENT. AND, YOU KNOW, THAT'S, THAT'S REALLY THE BIG QUESTION. THAT'S WHY I'M HERE TONIGHT. COOL. THANK YOU SO MUCH JANE. UM, ANY OTHER QUESTIONS OR FEEDBACK? WELL, THANK YOU SO MUCH FOR EVERYTHING. SURE. THANK YOU FOR OUR COOL. YEAH. I TAKE YOUR SWAG HOME , FILL OUT YOUR WOW MOMENT CARD SO WE CAN GIVE $10 A CARD TO, UH, THE HU RESOURCE CENTER. MM-HMM . AND THANK YOU AGAIN FOR THE OPPORTUNITY TO PRESENT TO YOU GUYS. I REALLY APPRECIATE IT. ABSOLUTELY. THANKS MA'AM. THANK YOU. THANK YOU. ALRIGHT. SO, WOW. MOMENT CARD. OH YEAH. YES. OH YEAH. ALL READY? THANK YOU. THANK YOU. YEAH. DID YOU LISTEN TO INSTRUCTIONS? LISTEN TO PRESENTATION. I'M KIDDING. THANK YOU. THANK YOU. . I DON'T NEED A CARD. GET MINE TO YOU. I WAS LISTENING, NOT WRITING ALL I'VE GOT. GOT IT. YES SIR. OH, THANK YOU. YEP. OKAY. WE READY TO MOVE ON TO THE AGENDA ITEMS? CHENEY? OKAY. YES. AGENDA ITEMS SEVEN ONE, DISCUSS AND CONSIDER ACTION TO APPROVE STRATEGIC PLAN FOR THE CORPORATION. MR. DAVID, VICE CHAIR. I WILL NOTATE TOO, WE HAD SOME KIND OF ERROR IN THE CIVIC CLERK SOFTWARE BETWEEN WHEN WE CREATED THE AGENDA AND WHEN IT GOT PUBLISHED THAT WE DIDN'T CATCH. SO I APOLOGIZE. THIS ITEM'S ACTUALLY DUPLICATED A LITTLE BIT ON HERE. WE HAD ORIGINALLY PLANNED FOR IT TO BE UNDER PRESENTATION, BUT I'M NOT SURE WHAT HAPPENED THERE. SO IT'S SEVEN ONE AND SEVEN SIX. THE ACTION WILL BE UNDER SEVEN SIX. SO YOU'RE WELCOME TO PULL THAT UP AFTER THE SEVEN ONE AND WE CAN JUST DO NO ACTION ON SEVEN ONE. AND THEN SEVEN SIX SINCE IT HAS THE RESOLUTION NUMBER. SKIP SEVEN SIX AFTER THIS. OKAY. YEAH, JUST PULL IT UP. GOT IT. OKAY. YOU'RE GOOD. UH, GOOD EVENING, HUDU ECONOMIC DEVELOPMENT CORPORATION. UH, DAVID AMSLER, EXECUTIVE DIRECTOR OF STRATEGIC OPERATIONS FOR THE RECORD. UH, AND THEN IF WE CAN GO AHEAD AND GO TO PAGE FOUR, AMANDA MM-HMM . UM, WE HAVE, UH, HAD SEVERAL CONVERSATIONS OVER THIS. UH, I HAVE UPDATED, UH, SEVERAL OF THE KPIS TRYING TO, UH, DO MY BEST TO MATCH THE BOARD'S EXPECTATIONS AND CONVERSATIONS FROM THE PREVIOUS MEETING. UM, SO REALLY WHAT I'M LOOKING FOR TONIGHT IS ANY ADDITIONAL FEEDBACK THAT WOULD PREVENT THE BOARD FROM APPROVING THIS AS YOUR STRATEGIC PLAN. UH, AND THEN IF NOT, UH, LIKE DIRECTOR GAMBOA MENTIONED, UH, LOOKING FOR, UH, ACTION ON SEVEN SIX FOR APPROVAL. UH, NEXT STEPS FROM HERE FOR ME, UH, IF APPROVED WOULD BE TO INCLUDE THE ECONOMIC DEVELOPMENT CORPORATION INTO THE KPI DASHBOARD INITIATIVE THAT WE'RE WORKING ON TO WHERE THE PUBLIC CAN SEE A LOT OF THIS. UH, MY DEADLINE FOR THAT IS END OF 26. UH, SO THIS WOULD BE ITS OWN PAGE ESSENTIALLY, BUT, BUT PART OF THE SIMILAR PROGRAM. OKAY. FORGOT ABOUT ME. IT'S SO FUNNY 'CAUSE I FEEL LIKE WE WERE TRYING TO PARE IT ALL DOWN AND FEEL SO FULL NOW. . YEAH. SOMEHOW GOT LARGER. WE HAVE SO MANY GOOD IDEAS. , I, SORRY, QUICK QUESTION. MM-HMM . DID EVERYBODY TURN IN THEIR WILD CARDS? DO [00:45:01] YOU HAVE ANY EXTRAS FOR HER? I'M GOOD. I'M GOOD. EVERYBODY GOOD? AWESOME. JUST EVAN. PARDON? I FEEL LIKE IT'S COMPARTMENTALIZED A LOT BETTER NOW. SO IT FEELS THAT EACH DOES HAVE ITS OWN THEME, BUT I, I MEAN, I DIDN'T HAVE ANY COMMENTS FOR LIKE, CHANGES ON MY END. SO YEAH. FROM A KPI PERSPECTIVE, I'M STILL RUNNING THE LINGO, BUT I THINK THAT WE MADE SOME PRETTY GOOD CHANGES AND I, I DON'T EXPECT THIS TO BE LIKE THE BIBLE AND WE'RE NOT, WE'RE DONE. I EXPECT THIS TO BE A, WHAT, WHAT'S WORKING, WHAT'S NOT? HOW DO WE, HOW DO WE REFINE IT? SO TO ME, THIS IS A BIG STEP AS WE GET A LOT MORE PROFESSIONAL AS AN ORGANIZATION THAN WE WERE, THAN WHAT WE WERE A YEAR EVEN. MM-HMM . UH, THREE OR FOUR YEARS AGO. MM-HMM . AND ANY, UH, UH, COMMENTS ON THIS DOCUMENT? WE CAN MOVE ON TO SEVEN SIX, RIGHT? UH MM-HMM. YEAH. OKAY. ALRIGHT. DO WE NEED TO APPROVE THIS ON SEVEN ONE ON SEVEN SIX. SEVEN SIX. OKAY. SHOULD WE SKIP TO THAT AND THEN COME BACK? I JUST PULL IT UP. OKAY. ALL. SO, HMM. JUST ASK IF WE CAN MOVE TO SEVEN SIX. YEAH. OBJECTION. ANY OBJECTIONS TO MOVING TO SEVEN, SIX AND THEN COMING BACK? OKAY. SO MOVING, UH, LET'S JUMP INTO SEVEN SIX, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 1 15 TO APPROVE THE STRATEGIC PLAN FOR THE CORPORATION. SO MOVED. SECOND. ALL MOTION PRESENTED BY BOARD MEMBER PORTERFIELD, SECONDED BY BOARD MEMBER MORRIS. ANY DISCUSSION? HEARING NONE. WE'LL CALL THE VOTE BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER SNYDER. AYE. VICE CHAIR MORALES AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER MORRIS AYE. MOTION PASSES. FIVE ZERO. OKAY. THANKS DAVID. THANK YOU VERY MUCH, DAVID. THANK YOU. ALL RIGHT, MOVING BACK TO, UH, AGENDA ITEM SEVEN TWO, DISCUSSING CONSIDER ACTION TO APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT FOR MAY, 2026. HI. GOOD EVENING BOARD. I'LL TRY AND MAKE IT QUICK TONIGHT AS USUAL, BECAUSE YOU HAVE A BIG BUDGET DISCUSSION COMING UP. BUT, UH, MAY FINANCIALS WERE SENT OUT, UH, YESTERDAY, BUT ALSO INCLUDED IN THE BOARD PACKET THAT WAS PUBLISHED. UH, YOUR BIG TICKET ITEM FOR THE MONTH OF MAY WAS THE, UH, GRANT PAYMENT TO AS FEDRA, UH, AS WELL AS THEIR SALES TAX, UM, INCENTIVE PAYMENT. ALL PARTIES WERE IN AGREEMENT WITH THAT. SO THAT WAS YOUR BIG ITEM. UH, RIGHT NOW YOUR FUND BALANCE SITS AT ABOUT 15 AND A HALF MILLION. YOU'RE EXPECTED TO END THE YEAR AT ABOUT, UH, LITTLE OVER 12. UH, BUT I WILL OPEN IT UP TO ANY QUESTIONS 'CAUSE I'M SURE THERE WILL BE PLENTY OF FINANCE TALK LATER THIS EVENING. NO QUESTIONS. GOOD JOB. OKAY. THANK YOU SO MUCH, CHRISTINA . ALL RIGHT. MOVING ON TO AGENDA ITEM SEVEN THREE, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 28 TO APPROVE A CONTRACT WITH RE SIMPLIFY OR SIMPLIFY MAYBE FOR A REAL ESTATE REPORTING PLATFORM AND THE ASSOCIATED EXPENSE OF $6,000 FOR THE FISCAL YEAR 2026 BUDGET. TRYING TO APPROVE VICE CHAIR MORALES. I THINK WE TYPICALLY DO A MOTION TO APPROVE THE, THE MONTHLY FINANCIALS AS WELL. SO IF WE CAN, OH, EXCUSE ME, I'M SORRY. POP BACK TO THAT ITEM AND, AND WRAP THAT UP QUICK. OKAY. HOPPING BACK TO SEVEN TWO. UM, MOTION TO APPROVE CORPORATIONS MONTHLY FINANCIAL REPORT FOR MAY 20, 26. SECOND. ALL RIGHT. MOTION PRESENTED BY VICE CHAIR MORALES, SECONDED BY BOARD MEMBER MORRIS. ANY DISCUSSION? OKAY. HEARING NONE WILL CALL THE VOTE. SECRETARY GONZALEZ AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER SNYDER. AYE. VICE CHAIR MORALES AYE. MOTION PASSES FIVE ZERO . NOW ACTUALLY MOVING ON TO AGENDA ITEM SEVEN THREE. UH, I'LL READ THAT AGAIN. DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 28 2. APPROVE A CONTRACT WITH RE SIMPLIFY FOR A REAL ESTATE REPORTING PLATFORM AND THE ASSOCIATED EXPENSE OF $6,000 FOR THE FISCAL YEAR 2026 BUDGET. THANK YOU. SO AT THE LAST MEETING AT THE MAY 11TH MEETING, UM, I HAD PROVIDED SORT OF A, A BROAD OVERVIEW OF THE LARGER ITEMS THAT WERE GONNA BE PROPOSED IN THE FY 27 BUDGET, AS WELL AS A FEW ITEMS THAT COULD BE PULLED INTO THE [00:50:01] FY 26 BUDGET. UM, THIS IS ONE OF THE PLUGINS FOR THE EDC WEBSITE THAT WAS DISCUSSED, UM, AS AN OPTION TO PULL INTO THIS YEAR'S BUDGET. SO, UM, THIS IS THE REAL ESTATE, UH, PLUGIN THAT WE WOULD WANNA USE. UH, I BELIEVE THE CEDAR PARK ECONOMICS DEVELOPMENT CORPORATION ALSO USES THIS PARTICULAR COMPANY FOR THAT PURPOSE AS WELL. UM, STAFF HAD TWO DIFFERENT DEMOS WITH THEM AND, UM, FEEL LIKE THEY'RE A REALLY STRONG, UM, RESOURCE FOR US AND FOR FOLKS THAT COME TO THE EDC WEBSITE, ESPECIALLY GIVEN SOME OF THE RENEWED FOCUS IN REAL ESTATE AND REDEVELOPMENT AND THINGS LIKE THAT, I THINK IT WOULD BE A HELPFUL INPUT FOR US AS A CORPORATION AND AND BOARD TO HAVE THAT INFORMATION. THERE'S GREAT REPORTING FUNCTIONALITY, UH, YOU GUYS WERE PROVIDED WITH THEIR PROPOSAL AND LINKED TO THEIR WEBSITE TO, TO FURTHER EXPLORE. SO, UM, WE'LL BRING IT TO YOU TONIGHT. AGAIN, WE CAN PUT IT IN THIS YEAR'S BUDGET IF IT'S SOMETHING YOU GUYS WANT TO PRIORITIZE. OTHERWISE, IT IS ALSO INCLUDED IN THE FY 27 BUDGET AS IT WOULD BE A RECURRING EXPENSE. AND WHERE WOULD THE, UH, PLUGIN BE ACCESSIBLE FROM? IT'S ON THE EDC WEBSITE. ON THE C SO IT WOULD, YEAH, I WOULD JUST PLUG INTO THAT AND WE WOULD HAVE, IT WOULD HAVE ITS OWN PAGE. GOT IT. OKAY. YEAH. CALY, YOU'RE A REAL ESTATE PERSON, SO DO YOU KNOW WHAT THIS IS OR DO YOU HAVE ANY EXPERIENCE WITH IT? UM, THERE ARE SO MANY PLATFORMS AND EACH OF THEM DOES, HAS SOMETHING THAT MAKES IT SLIGHTLY DIFFERENT FROM THE NEXT. AND SO I THINK WHAT'S UNIQUE ABOUT THIS ONE IS THAT IT IS, UM, IT CAN BE COMPATIBLE WITH CIVIC AND ECONOMIC DEVELOPMENT BODIES, WHEREAS THE OTHER REAL ESTATE PLATFORMS, UM, ARE NOT, AND SOME OF THEM, YOU WOULDN'T EVEN BE ALLOWED TO HAVE AN ACCOUNT ON THERE. YOU WOULD HAVE TO HAVE A BROKER LICENSE TO HAVE AN ACCOUNT. SO THE, UM, FROM MY LIMITED RESEARCH THAT I'VE DONE IT, IT APPEARS THAT THIS COULD BE RETROFITTED FOR THE CITY'S USE SPECIFICALLY, UM, TO PROVIDE INFORMATION THAT A LOT OF TIMES ONLY BROKERS GET, UM, IN THE, IN THE REAL ESTATE WORLD. SO I THINK IT WOULD BE REALLY HELPFUL AND WOULD CREATE A LITTLE BIT OF TRANSPARENCY, JUST IN MY OPINION. UM, I WOULD'VE LOVED TO HAVE SEEN THE DEMO, BUT I MEAN, I, I BELIEVE THAT IT, YEAH, JUST BASED ON WHAT I CAN SEE THAT IT COULD BE VERY USEFUL. YEAH, WE REALLY APPRECIATED THE REPORTING FUNCTION PRIMARILY. MM-HMM . I MEAN, IT'S GREAT, IT'S AN INTERACTIVE, UH, KIND OF PLATFORM PLUGIN FOR THE WEBSITE, BUT REALLY THE REPORTING IS WHAT STRUCK MYSELF AND THE TEAM. UM, BECAUSE WE'RE TRYING TO LOOK AT MARKET TRENDS AND COMPARABLES AND THINGS LIKE THAT IN THE COMMERCIAL SPACE. UM, I THINK IT COULD BE A REALLY VALUABLE INPUT FOR US, LIKE I SAID, AS A DECISION MAKING BODY FOR Y'ALL, FOR ME TO BE BRINGING YOU GUYS ACCURATE INFORMATION. AND THEN ALSO FOR FOLKS THAT ARE ENGAGING WITH THE EDC WEBSITE TO SEE, HEY, WHAT'S THE HUDDLE MARKET LOOKING LIKE? SO I THINK IT'S, IT'S MULTIFACETED AND MULTI BENEFICIAL FROM WHAT WE FOUND. SO, I HAVE A QUESTION, UH, CHENEY. SO WHEN YOU SAY MARKETING TRENDS, IS THAT LOOKING AT, UH, A NATIONAL SCOPE OR IS IT JUST LOOKING AT THE REGIONAL AREA, OR WHAT DOES IT LOOK AT? YEAH, IT HAS THE ABILITY TO DO, UM, BOTH. SO IT CAN LOOK AT NATIONAL, NATIONAL, IT CAN LOOK AT STATE, IT CAN LOOK AT REGION, IT CAN LOOK AT ZIP CODE. SO WE CAN MAKE IT SPECIFIC OR WE CAN, UH, DO A SHAPE FILE AS WELL. SO WE CAN KIND OF SEE, UH, IN OUR AREA IF WE WANNA DO ZIP CODE AS WE KNOW, 7, 8, 6, 3, 4 GOES BEYOND CITY LIMITS. UH, BUT WE CAN ALSO INCLUDE A SHAPE FILE FOR OUR CITY LIMITS AND THEN ALSO THE ETJ IF WE REALLY WANNA GET SPECIFIC TO JUST WHAT'S HAPPENING HERE. UH, IF WE'RE TRYING TO MAKE OUR OWN REAL ESTATE DECISIONS, UM, DOES IT ALSO PROVIDE HISTORICAL DATA? IT DOES, YES, MA'AM. SO THEN WE COULD LOOK AT WHAT, WHAT'S BEEN GOING ON WITHIN MM-HMM . WILLIAMSON COUNTY. MM-HMM . RIGHT? YEP. WHAT'S GONE ON IN LIBERTY HILL, CEDAR PARK. MM-HMM . GEORGETOWN, ET CETERA. YEP. OKAY. SO THEN WE COULD HAVE EVEN COMPARATIVE VIEWS. CORRECT. THAT SOUNDS GOOD. NO QUESTION. YES, SIR. OH, UM, CHANEY, WHEN WE TALK ABOUT TRANSPARENCY, IS, IS THIS SOMETHING THAT IS KIND OF LIKE A TOOL THAT GOES ON A PAGE OF THE WEBSITE THAT GIVES INFORMA, LIKE I COULD GO ON AND USE IT IF I WAS A CORRECT? YEAH, IT WOULD BE PUBLIC FACING. OKAY. SO, UM, SO WHAT, WHATEVER INFORMATION THERE THAT SOMEBODY COULD COLLECT, THEY COULD COLLECT IT FROM, FROM THIS SOURCE. UM, REGARDLESS OF WHETHER I'M, WHAT I'M TRYING TO DO IS EVALUATE THE PUBLIC INFORMATION ACT, YOU KNOW, CIRCUMSTANCES THAT ONCE WE HAVE THIS, THE, SOMEBODY COULD MAKE A PUBLIC INFORMATION ACT REQUEST TO THE BOARD, AND THE CORPORATION WOULD HAVE TO RELEASE THE INFORMATION GENERALLY. 'CAUSE THE DEFAULT IS THAT ALL INFORMATION AVAILABLE TO US IS PUBLIC. SO, UM, BUT IF, IF IT'S, YOU KNOW, PUBLIC FACING GET IT, YOUR DAM FILLED, BUT, UH, BUT YEAH, SO WE WOULD HAVE THAT, THAT OPTION RESOLVED. SO I DON'T THINK THAT'S A, THAT'S [00:55:01] WAIT, SO YOU'RE SAYING THIS COULD SAVE US LEGAL FEES PULLING REQUESTS, . YES, SIR. BECAUSE THAT WAY THEY DON'T HAVE TO ASK FOR THE INFORMA AND IT HELPS THEM NOT HAVE TO COLLECT IT. ALL RIGHT. BOARD MEMBER PORTERFIELD HAS A MOTION COMING ON. IT'S, IT HAS LOTS, LOTS OF GOOD, GOOD, GOOD DEALS THERE. UM, AND I JUST HAD ONE OTHER QUESTION ABOUT WHERE THE DATA'S COMING FROM. MM-HMM . SO IS IT PULLING FROM OUR EXISTING GIS DATA AS WELL? AND IS IT LIKE LAYERING IT ALL SO IT'S MORE OF AN ALL INCLUSIVE, OR IS IT A SEPARATE, LIKE BASED ON IT'S ONLY WHAT THEY HAPPEN TO GET FROM OTHER RESOURCES OR? I WOULD WANT TO CONFIRM WITH THE INFORMATION TO SEE WHAT PLATFORMS THEY USE. I WOULDN'T WANNA COMMIT TO, TO ANSWERING THAT. OKAY. DEFINITIVELY, SO I CAN GET BACK TO YOU ON THAT. WHAT I HEARD, UH, VICE CHAIR SAYS IS THAT THIS WILL EITHER CIRCUMVENT OR ADDED BE ADDITIONAL TO THE ALREADY THE M ML S LISTING THAT MOST PEOPLE CANNOT GET TO THAT. THIS WOULD BE MORE ON THE COMMERCIAL SIDE, BUT YEAH. RIGHT. MM-HMM. I MEAN, IT'S COMMERCIAL WIDE, SO I THINK, YOU KNOW, THAT'S A, THAT'S A GREAT THING. I MEAN, WE'RE, WE'RE ONE OF THE FEW STATES THAT DON'T ALLOW MLS LISTINGS TO THE PUBLIC. I THINK LOOP, I THINK LOOPNET AND XI ARE THE ONLY ONES THAT THE PUBLIC CAN ACCESS, AND THAT'S REALLY JUST LISTINGS. RIGHT. SO THEY CAN'T SEE OTHER DATA THAT THIS WOULD PROVIDE. RIGHT. WHICH IS KIND OF NICE. YEAH. I, I, I LIKE THIS. SO ANYTHING THAT CAN HELP US WITH THE, THE MLS AND THE UNDERSTANDING OF THE PROPERTIES AND THE TRENDS AND THE MM-HMM . POWERING ECONOMIC DEVELOPMENT THROUGH BETTER PROPERTY DATA. I MEAN, WE HAVE THE DATA, WE HAVE THE OPPORTUNITY TO MAKE GOOD DECISIONS. IF WE DON'T HAVE THE DATA, WE, WE DON'T, WE DON'T HAVE A GOOD OPPORTUNITY TO MAKE GOOD DECISIONS. MM-HMM . WE HAVE A, UH, CONSIDERATION FOR ACTION HERE. I'D MAKE A MOTION TO ACCEPT RESOLUTION R-H-E-D-C 2 0 2 6 DASH 0 2 8 AS, UH, UH, PRESENTED I SECOND MOTION PRESENTED BY BOARD MEMBER MORRIS, SECONDED BY SECRETARY GONZALEZ. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER MORRIS AYE. VICE CHAIR MORALES AYE. BOARD MEMBER PORTERFIELD AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER SNYDER AYE. MOTION PASSES FIVE ZERO. MOVING ON TO AGENDA ITEM SEVEN FOUR, DISCUSS AND CONSIDER RESOLUTION R DASH HEDC DASH 2026 DASH 0 2 9 APPROVING A BUDGET AMENDMENT FOR THE CORPORATION RELATED TO RE SOFTWARE. SO MOVED. SORRY. UM, OKAY. SECOND. ANYBODY GOT A SECOND? I'LL SECOND IT. . MOTION PRESENTED BY BOARD MEMBER PORTERFIELD, SECONDED BY VICE CHAIR MORALES. UH, ANY DISCUSSION? A HEARING? NONE. WE'LL CALL THE VOTE. SECRETARY GONZALEZ. AYE. BOARD MEMBER MORRIS AYE. VICE CHAIR MORALES AYE. BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER SNYDER. AYE. MOTION PASSES FIVE ZERO. MOVING ON TO AGENDA ITEM SEVEN FIVE, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 3 8 TO APPROVE THE FISCAL YEAR 2027 BUDGET OF THE CORPORATION AND RECOMMEND TO THE HU CITY COUNCIL FOR CONSIDERATION AND APPROVAL. GREAT, THANK YOU. SO, UM, THE BOARD RECEIVED THE EXCEL FILE, UM, LAST WEEK, UH, WITH THE PROPOSED BUDGET FOR THE FY 27 YEAR. AND, UM, I KNOW CHRISTINA ALSO SENT ANOTHER, UH, ROUND OF DOCUMENTS WITH THE FINANCIALS THAT SHOWED SOME OF THE, OR NOT SOME OF ALL OF THE, UH, REVENUES AND, UH, DEBT SERVICE AND THINGS LIKE THAT. THE WORKBOOK THAT I SENT WAS JUST FOR THE ITEMS THAT THIS BOARD CAN INFLUENCE AND, AND MAKE CHANGES TO THINGS LIKE SALARIES. WE CAN'T MAKE CHANGES TO, UM, ACTUALLY DISREGARD, THERE'S NO SALARIES FOR THE EDC BUDGET. UM, SO REVENUES ARE WHAT THEY ARE UNTIL WE SELL SOME LAND. UM, AND THEN THE DEBT SERVICE PAYMENTS AND THINGS LIKE THAT ARE, ARE FIXED. SO THOSE WERE INCLUDED IN CHRISTINA'S, UH, EMAIL. THIS IS JUST FOR THE, THE KIND OF DAY-TO-DAY, MONTH TO MONTH OPERATING EXPENSES OF THE CORPORATION. SO, UM, WITHOUT FURTHER ADO, WE CAN DIG IN. ALL RIGHT. SO I WILL, I WILL TAKE Y'ALL'S DIRECTION. I DON'T KNOW HOW MUCH TIME YOU'VE HAD TO DIG IN. IF YOU HAVE SPECIFIC QUESTIONS, IF YOU WANNA GO LINE BY LINE, WE CAN. IT'S NOT NEARLY AS BIG AS THE CITY BUDGET, SO IT WON'T TAKE THAT LONG. UM, THERE'S NOTES PROVIDED FOR EVERY ITEM TO HELP EXPLAIN [01:00:01] THE REQUEST AS WELL AS HOW THE CALCULATION WAS, WAS FIGURED. THERE ARE SEVERAL ITEMS IN HERE THAT PER MY PRESENTATION, UH, AT THE LAST REGULAR MEETING, OUR PLAN OF WORK ITEMS, TYPICALLY THE WAY THAT WE'VE APPROACHED BUDGET IS THAT IF THE BUDGET ITEM IS APPROVED, THAT MEANS IT'S A PRIORITY AND THAT'S WHAT WE SHOULD EXECUTE. WE USE IT TO INFORM OUR WORK DAY TO DAY, WEEK IN, WEEK OUT. HOWEVER, I FEEL LIKE THERE'S SO MUCH GOING ON WITH THIS CORPORATION AND SEVERAL INITIATIVES THAT ARE ONGOING AND SEVERAL OPPORTUNITIES TO HAVE HIGH IMPACT TO THE COMMUNITY THAT MAYBE DON'T HAVE THE LEVEL OF DETAIL THAT THIS BOARD WOULD LIKE TO SEE TO FEEL COMFORTABLE TO, UM, EXPEND FUNDS OR APPROVE FUNDS FOR, SUCH AS THE, THE TURN LANE STUDY. I KNOW WE TALKED ABOUT THAT AT THE LAST MEETING. WE NEED MORE DETAIL. WE NEED TO COLLABORATE WITH ENGINEERING. SO I DID WANNA LEAVE IT IN HERE SO THAT YOU ALL HAVE A PUBLIC OPPORTUNITY TO SAY, YES, THAT'S A PRIORITY. WE LIKE THE ITEM, WE LIKE THE IDEA, BUT WE'RE GONNA SAY, COME BACK TO US WHEN YOU HAVE MORE DETAIL ABOUT WHAT, WHAT THAT ACTUALLY IS AND GET SOME BIDS AND THINGS LIKE THAT. SO, UM, I DIDN'T WANNA TAKE IT OUT AND ASSUME THAT THAT JUST MEANT YOU DIDN'T WANT IT. I WANTED TO GIVE YOU THE OPPORTUNITY TO SAY YAY OR NAY. WE LIKE IT, PUT IT IN THE PLAN OF WORK AND COME BACK. SO VICE CHAIR, HOW WOULD YOU LIKE TO PROCEED? DO YOU WANNA HIT LINE BY LINE OR? I, I DID HAVE AN OPPORTUNITY TO READ THROUGH IT AND DIDN'T SEE ANYTHING THAT JUMPED OUT TO ME. SO I, I PERSONALLY HAVE NO FEEDBACK. UM, AND I WAS FINE WITH HOW IT WAS, BUT I, YOU KNOW, IF ANYBODY ELSE HAS ANY, IF WE WANNA GO LINE BY LINE, WE CAN. I WILL ALSO SHARE ONE, ONE TIDBIT THAT I WANT TO CALL OUT. THIS IS THE FIRST TIME SINCE FISCAL YEAR 2024, THAT THIS CORPORATION BUDGET HAS REQUESTED AN INCREASE EVERY OTHER YEAR. IT'S BEEN A DECREASE YEAR OVER YEAR. SO LAST YEAR WAS A, A DECREASE OVER THE YEAR BEFORE REQUESTED OR WHAT? IT WAS FUNDED. REQUESTED, YEAH. WHAT YOU'LL SEE IN HERE'S GOOD POINT BECAUSE GOT CUT BY THE CITY COUNCIL. THAT WAS LAST YEAR, RIGHT? YES. SO THE APPROVED BUDGET, LET ME REPHRASE. YES. OKAY. UM, THE APPROVED BUDGET HAS BEEN A, A DECREASE YEAR OVER YEAR. UM, ACTUALLY I WOULD HAVE TO GO BACK AND LOOK NOW THAT I'M SAYING THAT IT MIGHT'VE BEEN THE REQUESTED WAS STILL A DECREASE. NOT MUCH, BUT I THINK IT WAS A LITTLE BIT, WELL, I'D HAVE TO CHECK. I'D HAVE CHECK THAT THAT REQUEST WAS A LITTLE HIGH. BUT O OVERALL, I, I, I'VE GOT THE SAME COMMENTS I HAVE EVERY YEAR AND, AND THAT IS, I UNDERSTAND YOU HAVE TO SPEND MONEY TO HELP GET THINGS HERE. AND I'M NOT, I DIDN'T SPEND A LOT, KIND OF HAD A TOUGH, UH, TOUGH LAST THREE OR FOUR DAYS. I DIDN'T HAVE A WHOLE LOT OF TIME TO REVIEW THIS IN DETAIL, AND I PLAN TO DO THAT LIKE I USUALLY DO AT THE COUNCIL SIDE. BUT IN SAYING THAT, I, I KNOW SOME OF THE THINGS WE HAVE COMING AND I'M NOT NECESSARILY AGAINST SOME OF THE TRADE SHOWS. AND AS LONG AS MY BIGGEST CONCERN HAS ALWAYS BEEN, THERE ARE TIMES WHEN IT SEEMS LIKE NOBODY IS AVAILABLE AT THE EDC BECAUSE ONE'S AT THIS TRADE SHOW, ONE'S ON VACATION, ONE'S OVER HERE, AND THEN PEOPLE THEN REACH OUT AND SAY, HEY, I'M, I CAN'T GET AHOLD OF ANYBODY. I'M OKAY IF WE'RE DOING, AND I THINK WE'VE DONE A BETTER JOB THIS YEAR, UM, IN TERMS OF, UM, RESPONSE TIMES AND THINGS. SO I DON'T MIND US DOING OTHER THINGS AS LONG AS WE DON'T LET THE CORE THINGS FAIL, WHICH IS WHEN OUR EXISTING PEOPLE WHO HAVE ALREADY PICKED HUDDLE ARE TRYING TO GET IN AND GET THROUGH THE COMPLICATED CITY SYSTEM. THE ONLY PEOPLE THEY CAN DEPEND ON IS THE EDC TO HELP GET THEM THROUGH THAT. SO, UM, AS WE GET THROUGH THE BUDGET CYCLE, THAT'S THE THING THAT ALWAYS DRIVES ME IS, UM, AND I KNOW YOU GUYS AREN'T DOING THIS ON THE CITY SIDE, WE'RE NOT, UH, WE'RE NOT JOINING ORGANIZATIONS TO THEN SPEND MONEY TO EARN AWARDS BECAUSE I DON'T THINK THAT THE ED, AGAIN, NOT THAT IT'S IN HERE NECESSARILY, BUT I DON'T THINK IT HELPS ANYBODY IF THE EDC WINS AN AWARD FOR BEST EDC IN THE STATE BECAUSE IT DIDN'T HELP ANYBODY PAY THEIR TAX BILL THAT DIDN'T HELP A BUSINESS OPERATE. AND THOSE OF US THAT WANT PATS ON THE BACK PROBABLY, UM, IT MAYBE A COUPLE MORE YEARS BEFORE THAT THAT HAPPENS, HOPEFULLY. BUT, UM, OVERALL, I DIDN'T SEE ANYTHING MAJOR LIKE WE'VE HAD IN THE PAST, BUT JUST STILL JUST, I DIDN'T WANNA NOT SAY ANYTHING. SO THAT CHENEY, ALL OF A SUDDEN, TWO MONTHS FROM NOW IS LIKE, HE JUST VOTED TO CUT OUT THE BIO INTERNATIONAL, LET'S SAY, AND I JUST, WE KNOW WE'VE HAD PLENTY OF TALKS ABOUT THAT, BUT I ALSO UNDERSTAND, AGAIN, WHY WE'RE DOING SOME OF THIS STUFF. SO, AND I KNOW THAT THIS YEAR WE, WE DID ATTEND THE ICSE RED RIVER, BUT NOT IN LAS VEGAS. CORRECT. HOW DID WE FEEL ABOUT THAT THIS YEAR? WAS THAT THE FIRST TIME? WE'VE DONE THAT IN A WHILE. I MEAN THAT WE DIDN'T GO TO LAS VEGAS. YEAH. THAT'S THE FIRST TIME WE HAVEN'T GONE TO VEGAS SINCE I WAS ON THE BOARD. [01:05:01] SO 2020 YOU WENT TO RED RIVER, DIDN'T YOU? IN 21? I DID. I THINK I'M THE ONE THAT PUSHED US GOING TO, SO THE CITY USED TO GO, OR EDC, I DON'T KNOW WHO IT WAS EXACTLY. USED TO GO TO THE ICSC BACK IN, IN VEGAS BACK, UH, 20, 20 18, 20 19. WE STOPPED. SOME THINGS GOT OUTTA HAND. UM, AND SO, UM, WE STOPPED AND I WAS ONE OF THE PEOPLE THAT BROUGHT IT BACK. I DON'T THINK WE EVER DID IT QUITE LIKE, I WAS HOPING, WHAT I, WHAT I WAS HOPING FOR US TO GO DOWN THERE IS TO MEET WITH THE DEVELOPERS AND MEET WITH SOME OF THE OTHER CITIES THAT HAVE BOOSTS TO FIND OUT LIKE, WHAT DO YOU GUYS DO THAT'S WORKING? MM-HMM . ROADBLOCKS THAT HAPPEN, UM, TO KINDA LEARN MORE ABOUT LIKE, 'CAUSE SOME CITIES HAVE THIS IDEA, YOU JUST SMILE, PRINT SOME STUFF UP, AND THE BUSINESSES LINE UP IN FRONT OF YOU AND THEN THEY GET IN, THEY GO, OH MY GOD, YOU GUYS GOT THE WORST SIGN CODE. YOU'RE ENGINEERING DEPARTMENT'S TOUGH ON ACCESS AND ALL THAT. AND SO IT'S KIND OF OPEN. AND WE KIND OF DID THAT SOME, SO I DON'T KNOW, LIKE I'VE NEVER FOUND IT VERY SUCCESSFUL TO GO DOWN THERE AND SAY, YOU WANT A, A BUFFALO WILD WINGS TO WALK IN AND GO, WE WANT YOU. AND THEN GO, OH MY GOD, I'M SO GLAD YOU CAME HERE AND BECAUSE I GOT A DEAL DONE. IT DOESN'T GENERALLY WORK THAT WAY. RIGHT. UM, BUT I DO FIND THAT THE RED RIVER DOES OPERATE A LITTLE BIT MORE LIKE THAT BECAUSE NOW INSTEAD OF HAVING THE NATIONAL TENANT REAL ESTATE PEOPLE, YOU DO HAVE THE REGIONAL TENANT PEOPLE THERE, THERE, AND IT'S NOT OVERSHADOWED BY DEVELOPERS. YOU THINK IT'S MORE LIKELY TO MANIFEST A DEAL LIKE A SOMEBODY COMING HERE THEN GOING TO VEGAS? YEAH. 'CAUSE THE BIGGEST THING IF, IF, UH, WHAT'S THAT CANADIAN COFFEE PLACE? WHAT'S, WHAT ARE THEY CALLED? OH, TIM HORTON. HORTON'S. HORTON. YEAH. SO TIM HORTON'S CITY THAT THEY, THEY'RE GONNA PICK THE AUSTIN MARKET. THE REGIONAL GUY COMES IN, HUDA WOULD BE THE LAST SPOT THEY LOOK AT, IS MY EXPERIENCE. THE FIRST THING THAT'S ON THEIR RADAR IS AUSTIN, THAT THIS GEORGETOWN, ROUND ROCK, CEDAR PARK, LEANDER. AND THEN ONCE THEY'VE BUILT THAT OUT, THEN, THEN THE COMPANY ALL OF A SUDDEN STARTS, OKAY, WHERE ELSE CAN WE ADD MORE LOCATIONS? SO THAT'S WHERE I THINK PLACES LIKE RED RIVER ARE KIND OF ARE IMPORTANT IS, 'CAUSE YOU CAN GET IN THERE AND GO, LOOK, WE'RE NOT ROUND ROCK AND WE'RE NOT TRYING TO BE, BUT WE DO HAVE 45,000 PEOPLE. HERE'S OUR DEMOGRAPHICS. AND THEN THOSE PEOPLE ARE OPEN THEIR EYES AND GO, I HAD NO IDEA HOW TO EXISTED. I THOUGHT WHEN I WAS THROUGH THERE LAST TIME, I THOUGHT THAT, 'CAUSE I HAD SOMEONE OTHER DAY, THEY, THEY THINK WE'RE TAYLOR BECAUSE WHEN YOU EXIT THE HIGHWAY IT SAYS TAYLOR . AND SO YOU'RE LIKE, OH NO, IT'S A WHOLE NOTHER CITY. WE'RE ACTUALLY BIGGER THAN TAYLOR. AND THEY'RE LIKE, OH MAN, I DIDN'T KNOW. AND SO I THINK LITTLE THINGS LIKE THAT ARE, ARE WHERE IT'S HELPFUL. AND FROM A DOLLAR, UM, IF YOU CALL LIKE INVESTMENT, THE RED RIVER, I DON'T KNOW EXACTLY WHAT IT COSTS TO BE DOWN THERE, BUT IT'S GOTTA BE DRAMATICALLY CHEAPER. IT IS, YES. THAN VEGAS. IT IS SIGNIFICANT. I THINK ONE OF THE THINGS THAT I I'VE PUT IN IS IF IT'S IN DALLAS, WE WOULD HAVE A ONE NIGHT HOTEL BECAUSE GETTING UP THERE AND BACK IN ONE DAY, I'VE DONE IT. BUT IT'S, IT'S NOT IDEAL. AND IF WE'RE GONNA MAKE THE EFFORT, I THINK IT'S WORTH BEING THERE FOR A FULL DAY AND BEING THERE FOR THE WHOLE NEXT DAY. UM, AND THEN DRIVING BACK. I JUST THINK THAT'S MORE APPROPRIATE. THIS YEAR IT WAS IN SAN ANTONIO, THAT WAS A VERY EASY DOWN SPEND THE DAY AND COME BACK. UM, BUT IF IT SHIFTS TO, TO DALLAS, I WOULD PROPOSE, UH, I THINK THAT'S WHAT'S INCLUDED IN HERE IS THE, IF IT'S DALLAS AND IF NOT, THEN WE'LL SAVE THE MONEY. YEAH. I THINK YOU NEED TO, AND AND PART OF IT REAL ESTATE IS 100% RELATIONSHIP. MM-HMM. IT'S NOT LIKE BUYING A HOUSE WHERE YOU WALK IN, YOU LIKE IT, UH, AND CAITLYN KNOWS THIS, WANT ANYBODY, UM, TAKE LIKE SPROUTS FOR EXAMPLE. THAT'S FOUR YEARS OF HAMMERING THEM AND THE SAME REAL ESTATE PERSON FOR FOUR YEARS GOING STOP SAYING NO, JUST SAY WHERE WE'D HAVE TO GO AND THEN LET US SAY NO BY NOT BEING, BEING ABLE TO EITHER HELP YOU GET THE LAND OR HELP YOU GET WHATEVER YOU NEED. AND THAT'S, THAT'S NOT WHAT EVERYBODY EVEN WANTS. AND THEN, SO IF YOU START TALKING ABOUT LIKE TRADER JOE'S AND WHOLE FOODS, I MEAN, IF IT'S FOUR YEARS TO GET THIS PLACE THAT NOBODY WANTS AND THERE'S LIKE, YOU KNOW, TWO WHOLE FOODS IN THE ENTIRE METRO AREA AND EVERYBODY THINKS HOW DOES THE NEXT ONE, IT'S AT LEAST A GO TO GET, LIKE, WHAT I'VE DONE IS USE THESE THINGS IS THE NOT NO IS GET A YES, BUT TO GET WHY IT'S A NO. MM-HMM . AND THEN BE ABLE TO COMMUNICATE BACK TO PEOPLE, HERE'S WHAT WE'RE MISSING. IT'S NOT AN INCOME. MM-HMM . IT'S SOMETHING ELSE. AND THEY'RE WORKING ON SAY GEORGETOWN. AND WHEN THAT'S DONE, LIKE, I THINK I TOLD, UH, CHENEY WHILE BACK, TRADER JOE'S HAS US, UH, FEBRUARY WAS THE NEXT TIME THAT THEY WOULD LOOK UPDATING THE AREA. BUT THEY, THEY JUST, THESE COMPANIES ONLY OPEN UP SAY 30, 40 LOCATIONS A YEAR. AND THERE'S, I DON'T KNOW, A THOUSAND HUDDLES OUT THERE ALL TRY. BUT, UM, WITH JUST MEETING WITH THESE PEOPLE REGULARLY GETS WHO ARE LIKE, OH YEAH, YOU'RE THE PEOPLE THAT WON'T LEAVE ME ALONE. THE PEOPLE THAT EMAIL ME ALL THE TIME. AND EVENTUALLY THEY GO, IF I SAY YES, WILL YOU JUST LEAVE US ALONE ? AND THAT'S WHERE THIS STUFF IS SUCCESSFUL. BUT, UM, YEAH, I FORGOT THAT I HAD WANTED TO ASK HOW THE WHOLE [01:10:01] YEAR OF NOT GOING TO VEGAS WENT AND HOW WE FELT IF WE FELT ANY IMPACT FROM THAT OR ANY DIFFERENCE HONESTLY, NO, I DIDN'T. I FEEL LIKE WHEN MIKE AND I HAD HAD PREVIOUS CONVERSATIONS WITH THAT ABOUT THAT, I AGREE WITH KIND OF HIS RATIONALE OF IF, IF THESE BUSINESSES WANT TO BE DOING BUSINESS ANYWHERE IN TEXAS, THEY'RE GONNA GO TO ICSC, RED RIVER. AND SO WE'VE ALREADY PAIRED DOWN THIS BIG NATIONAL EVENT TO THE PEOPLE THAT ARE EVEN LOOKING IN OUR STATE AND TEXAS. THERE'S A LOT THAT WANT TO BE DOING BUSINESS IN TEXAS, BUT THEN WE'RE NOT HAVING TO WALK TO THREE DIFFERENT HALLS TO TALK TO THEM. AND IT'S JUST THE LOGISTICS OF IT. UM, I FEEL LIKE THE ROI IS MUCH BETTER AT RED RIVER THAN IT IS FOR VEGAS. 'CAUSE VEGAS IS EXPENSIVE AS FAR AS FOOD AND TRANSPORTATION AND THINGS LIKE THAT. HOTELS NOT SO MUCH 'CAUSE YOU KNOW, CASINOS , BUT RIGHT. I THINK THE, THE REST OF IT IS, IS A LITTLE CHALLENGING TO JUSTIFY GIVEN, UM, KIND OF WHERE WE ARE AT THIS POINT AND WHAT WE'RE TRYING TO ATTRACT. GREAT. AND THE CALIFORNIA SCREWING UP THEIR STATE REALLY. THE VEGAS ICSE, IT'S ALMOST ALL TEXAS. I LIKE EVERY TEXAS CITY IS THERE. THE BROKER REPRESENTATION FROM TEXAS IS HUGE THERE. MM-HMM . SO THEY'LL JUST BRING THE PEOPLE BACK TO US. WE DON'T NEED TO GO . THAT'S KIND OF WHY I'VE BEEN NOTICING LATELY IS YOU DON'T SEE PEOPLE FROM LIKE, YOU KNOW, LOUISIANA THERE, BUT IT'S TEXAS AND THEN YOU'RE LIKE, THEN YOU SEE 'EM, THE RED RIVER MM-HMM . AT A FRACTION OF THE COST. UM, YEAH. IN TIME FRACTION OF THE TIME. AND THERE'S, THERE'S SOMETHING TO BE SAID FOR THAT INVESTMENT TOO, ESPECIALLY FOR STAFF, ESPECIALLY FOR THIS PARTICULAR BODY WHEN THERE'S THIS MUCH GOING ON AND THIS MUCH ACTIVITY AND, AND PROGRESS TO BE MADE. SO, YEAH. YEAH. I JUST LOOKED BACK THROUGH AND THERE WASN'T ANYTHING ELSE THAT I HAD A QUESTION ON. UH, MM-HMM. ALL RIGHT. ARE YOU GOING TO CONSIDER ACTION TONIGHT? YES. I BELIEVE WE NEED TO BASED ON WHEN WE NEED TO HAVE THIS RECOMMENDED TO COUNCIL AHEAD OF WHEN THEY APPROVE THE CITY BUDGET. SO JUST FOR AWARENESS, AS MIKE KIND OF HINTED AT EARLIER, UH, COUNCIL IS THE DECIDING BODY. AND SO IF THEY CHOOSE TO CUT THINGS, THEY ABSOLUTELY CAN AND, AND LIKELY WILL. UM, I WOULD JUST ENCOURAGE A BOARD IF THERE'S ANYTHING THAT YOU FEEL STRONGLY ABOUT, MAYBE COMMUNICATE THAT TO COUNCIL SO THAT THEY HAVE THAT INPUT, UH, AND THAT DECISION MAKING PROCESS AS WELL. OKAY. YEAH, I THINK THAT'S A GOOD POINT. CHAIN BROUGHT UP. YEAH. I THINK THERE'S A CONFUSION BY , BY SOME THAT THE EDC BOARD IS ABLE TO DO WHATEVER THEY WANNA DO. YEAH. AND LITERALLY FROM POSTAGE STAMPS AND $200 IN, IN, UH, MAILERS, EVERYTHING HAS TO BE APPROVED BY THE CITY COUNCIL ANYWAY. MM-HMM . UM, SO I THINK WHAT, WHAT WE'VE SOMEWHAT DONE WITH ALL, EVERYTHING THAT WE'VE DONE ACCOMPLISHED HERE, I THINK IS MAYBE STREAMLINE SOME THINGS A LITTLE BIT, BUT THEY'RE STILL OPEN TO CHANGES. 'CAUSE WHAT I TRY TO DO IS WHEN I DO GET ON THE OTHER SIDE OF THE TABLE, I DO LOOK AT IT COMPLETELY DIFFERENT. UM, AND I THINK CHENEY SAW THAT FOR THE FIRST TIME A YEAR OR SO AGO, AND SHE HAD A STILL RECOVERY TALK TO ME . AND I WAS LIKE, LOOK, THERE'S A, THERE'S A EDC SIDE AND THERE'S ALSO THE CITY SIDE. AND THEN IT ALSO, 'CAUSE IN THE CITY COUNCIL HAS TO LOOK AT HOW THE EDC COULD SUPPORT THE GROWTH. THE WHERE THE COUNCIL WAS LAST YEAR WAS DECREASING COST OF LIVING. MM-HMM . AND DECREASING, UH, COST FOR BUSINESSES. AND SO IN ORDER TO DO THAT, I THINK THE CITY AT THAT TIME, IT MAY CHANGE, IS RELYING MORE ON EDC MM-HMM . TO SPEND THEIR TIME AND EFFORT IN THAT MISSION. AND SO, YEAH. UM, BUT I THINK WE'RE MORE ALIGNED THAN WHAT, WHAT WE HAVE BEEN IN THE PAST. THAT BRINGS UP A GREAT POINT TOO, SINCE JUST TO HELP PUBLIC, UH, EDUCATION. I WAS SPEAKING WITH EDC LEGAL PRIOR TO THE MEETING. ONE THING THAT'S DIFFERENT ABOUT THE EDC BUDGET IS THAT YOU'LL NOTICE THERE'S A COLUMN FOR ROUTINE OR DISCRETIONARY. SO NOT ONLY DOES THIS BUDGET HAVE TO GO TO CITY COUNCIL FOR APPROVAL, BUT STAFF ALSO HAS TO COME BACK FOR ANY ITEM THAT'S MARKED AS DISCRETIONARY AND SEEK SPECIFIC APPROVAL FOR THAT ITEM OR SUB ITEMS RELATED TO IT. SO FOR EXAMPLE, UM, THE TURN LANE STUDY THAT IS DISCRETIONARY BECAUSE WE DON'T HAVE A FINITE DOLLAR AMOUNT, WE DON'T HAVE A CONTRACT THAT WE'RE BRINGING FORWARD TO FOR CONSIDERATION OR AN APPROVAL OR A PROPOSAL RATHER. SO THAT WOULD BE AN ITEM THAT EVEN IF APPROVED, IT'S, IT'S THE MAXIMUM THAT IT WOULD BE IN THERE, BUT STAFF WOULD STILL HAVE TO COME BACK TO THIS BOARD AND SAY, HERE'S THE PROPOSAL, HERE'S WHO WE'D LIKE TO USE FOR THIS. HERE'S THE SCOPE, ALL THE THINGS WE'VE COLLABORATED WITH THESE OTHER CITY DEPARTMENTS. HERE'S WHAT WE'D LIKE TO DO. THEN THAT EXPENDITURE WOULD HAVE TO GO INDEPENDENTLY TO COUNCIL AGAIN. HMM. SO IT'S, IT'S A VERY CLEAR PROCESS. IT'S A VERY, UM, CHECKS AND BALANCES BETWEEN THE TWO BODIES. UM, ONE THING I WOULD LIKE TO POINT OUT TOO, JUST BUILDING OFF OF WHAT MIKE SHARED ABOUT HOW THIS CORPORATION CAN BETTER SUPPORT THE CITY, TWO ITEMS IN HERE THAT ARE NEW THIS YEAR ARE [01:15:01] RELATED TO KEEPING COSTS FOR RESIDENTS LOW SPECIFICALLY. SO THE EDC IS, UH, IS PROPOSED TO TAKE ON THE DEBT SERVICE FOR THE SPINE ROAD, NOW KNOWN AS KRUEGER BOULEVARD. THAT WILL BE AN ANNUAL RECURRING EXPENSE THAT NO LONGER WILL SIT WITH THE CITY. UH, I BELIEVE THAT'S OVER $700,000 A YEAR. SO, UH, HELPING OFFSET THAT AS WELL AS REPAYMENT TO THE CITY, UH, FOR THE PORTION FROM THE UTILITY FUND THAT WAS CONTRIBUTED FOR THE SPINE ROAD, THAT'S ABOUT A LITTLE OVER $6 MILLION. UM, AND THAT IS IN A SPECIFIC EFFORT TO HELP KEEP THE WATER RATES SLOW, UH, TO NOT, NOT SHOW AN INCREASE IN THE WATER RATES FOR THE RESIDENTS. AND SO WE ARE ALIGNING, LIKE MIKE SAID, WITH SOME OF THE INITIATIVES THAT COUNCIL IS, IS PROMISING THIS COMMUNITY AND REALLY TRYING TO KEEP OUR RESIDENTS HERE AND KEEP AFFORDABILITY AT A GOOD RATE. SO I JUST WANTED TO SHARE THOSE THINGS BECAUSE I THINK THAT'S A REALLY GREAT STEP IN THE RIGHT DIRECTION FOR THIS CORPORATION AND THAT ALIGNMENT BETWEEN THE TWO BODIES AND SUPPORT OF THIS COMMUNITY AND ITS RESIDENTS. THANK YOU. OKAY. SO I HAVE A QUESTION ABOUT, UM, THE ARMA MEMBERSHIP THAT WE HAVE. MM-HMM . SO HAVE YOU, CAN YOU SHARE WITH US A LITTLE BIT ABOUT WHAT'S COME OUT OF THAT ASSOCIATION OR OUR PARTICIPATION IN THAT GROUP? SURE. UH, I THINK EMILY WOULD PROBABLY BE THE BETTER PERSON TO, TO SPEAK TO THAT AS SHE IS OUR PRIMARY, UH, USER OF THAT, UH, MEMBERSHIP AND ENGAGES IN MORE OF THE COMMUNICATION AND, UH, EVENT OPPORTUNITIES. BUT SO FAR WHAT WE'VE GAINED FROM THAT IS WE'VE LEARNED ABOUT SOME DIFFERENT, UM, OPPORTUNITIES TO ALIGN OUR BUSINESSES WITH RESOURCES FOR WORKFORCE TRAINING THAT ARE OUTSIDE OF OUR CURRENT INSTITUTIONS THAT WE HAVE IN HURO. AND, UH, THROUGH WORKFORCE SOLUTIONS, THERE'S SOME DIFFERENT FUNDING MECHANISMS THAT WE CAN USE AS WELL, UM, THAT WE'VE IDENTIFIED THROUGH THERE. WE'VE CONNECTED WITH SOME OF OUR UTILITY PROVIDERS THROUGH THERE, JUST AS ANOTHER TOUCH POINT, UM, AS WELL AS SOME BUSINESSES THAT ARE LOOKING TO DO BUSINESS IN HUDU, UM, WHETHER THAT BE CONTRACTING WITH PEOPLE HERE OR, UH, SECURING, UH, CUSTOMERS OR EXPANDING INTO THE HUDU AREA. SO, UM, I'D BE HAPPY TO TO HAVE HER SEND OUT AN A SUMMARY OF THAT IF YOU'RE INTERESTED. THAT WOULD BE GOOD. KIND. SEE WHAT, WHAT ENGAGEMENT WE'VE DONE. TURING, I WOULD LIKE TO KNOW WHICH MANUFACTURING FIRMS HAVE BEEN CONTACTED MM-HMM . AND, AND WHERE WE ARE, WHAT KIND OF PROGRESS WE HAVE WITH THOSE. I MEAN, WE HAVE SOME LAND HERE, YOU KNOW, HOW THAT CAN DEVELOP. AND OF COURSE, WHAT YOU MENTIONED, THOSE OBJECTIVES SHOULD APPLY TO ALL THE GROUPS WE'RE CONNECTED TO. MM-HMM . YES, MA'AM. ANY OTHER DISCUSSION ON THIS ITEM? UH, MOTION TO APPROVE, UH, RESOLUTION R DASH HEDC DASH 2026 DASH 0 3 8. SECOND MOTION PRESENTED BY VICE CHAIR MORALES. SECONDED BY BOARD MEMBER MORRIS. ANY FURTHER DISCUSSION? OKAY. HEARING NONE WILL CALL THE VOTE BOARD MEMBER SNYDER AYE. BOARD MEMBER PORTERFIELD AYE. VICE CHAIR MORALES AYE. BOARD MEMBER MORRIS AYE. SECRETARY GONZALEZ. AYE. MOTION PASSES. FIVE ZERO. OKAY. WE HAVE ALREADY ADDRESSED AGENDA ITEM SEVEN SIX. WE'RE MOVING ON TO AGENDA ITEM SEVEN SEVEN, DISCUSS AND CONSIDER ACTION REGARDING THE PLANNING AND DEVELOPMENT OF CITY OF HUDU FIRE STATION NUMBER ONE. THANK YOU, VICE CHAIR. UM, JUST WANTED TO PROVIDE A PUBLIC UPDATE ON THE PROGRESS SINCE THE DIRECTION GIVEN AT THE JOINT MEETING BETWEEN THE EDC AND CITY COUNCIL ON MAY 26TH. UM, STAFF IS EXECUTED IN AGREEMENT WITH PBK ARCHITECTS AS DIRECTED, UM, FOR THE DESIGN. AND WE'VE ENGAGED, UH, I THINK IT'S S IF I'M SAYING THAT CORRECTLY. YEAH. UH, FOR GEOTECH SERVICES AND SHI BE CONSULTING FOR SURVEY SERVICES, UM, VIA REQUEST FOR PROPOSALS AND SUPPORT OF THOSE DUE DILIGENCE EFFORTS AS DIRECTED, UM, A PROPOSAL HAS BEEN RECEIVED FROM CHIBE AND, UH, STAFF IS EXPECTING A PROPOSAL FROM AREAS EARLIER THIS WEEK, UM, EARLY TO MID THIS WEEK. SO, UM, THE LAND FOR THE PROPOSED FIRE STATION WENT UNDER CONTRACT ON MAY 29TH AND ESCROWED ON JUNE 2ND. SO THAT'S THE STATUS REPORT THERE. THANK YOU. ARE WE ABLE TO SAY WHERE THE LAND, WE CAN SAY WHERE THE LAND'S UNDER CONTRACT MM-HMM . NOW THAT IT'S UNDER CONTRACT? YES. SO IS IT THE SOUTHWEST CORNER OF 1 32 AND THE FUTURE NORTH SOUTH? UM, DO WE CALL THAT THE ARTERIAL ARTERIAL ROAD? YES. SO YEAH, THERE'S A MEGASITE ARTERIAL NORTH, SOUTH ARTERIAL ROAD THAT IS ON THE PLAN TO COME THROUGH THE MEGASITE, AND THIS WOULD BE A SOUTHWEST CORNER. UM, I FOUND IT SOMEWHAT STRATEGIC, UM, THAT IT'S ON A GAS PIPELINE THAT WOULD ALLOW, UH, REDUNDANCY FOR POWER GENERATION AND GENERATOR. [01:20:01] UH, SHOULD IT BE A POWER FAILURE. AND ALSO THE LOCATION, UM, FOR THE NETWORK OF ROADS AND EVERYTHING, I THINK ALLOWS IT TO GET PEOPLE TO GET QUICKLY TO SAMSUNG. UM, AND I CANNOT REMEMBER THE, WHAT IS THAT, UH, OH, UH, BURN, UM, SOLE BRAIN. THE S YEAH, THE SULFURIC ACID PLANT. THAT'S SOUL. SO SOLE BRAIN IS LITERALLY RIGHT ACROSS THE ROAD ON 33 49. AND WHILE TAYLOR WILL HANDLE THAT, SHOULD SOMETHING EVER GO WRONG, GOD FORBID, UM, I THINK IT'S IMPORTANT TO HAVE TO BE ABLE TO PROTECT A HUD OF PEOPLE. AND, UH, PROXIMITY TO THAT, UM, ALSO FOUND IT EXTREMELY, UM, UM, IN A GOOD LOCATION. WHEN IT COMES TO THE COTTONWOOD SITE. AS WE HAVE INVESTED, WE JUST TALKED ABOUT, UH, THE BUDGET, THE MONEY WE'RE PUTTING BACK IN, UH, BETWEEN THE EDC AND THE CITY. WE'RE, WE'RE 20, 30 MILLION OR MORE IN THAT WE'VE INVESTED IN LAND ON TOP OF THE ACTUAL LAND COST. AND SINCE WE DON'T HAVE THE ABILITY TO COLLECT SALES TAX OUTTA THAT LAND WITHOUT SOMEONE ELSE BLESSING US, UM, I THINK IT'S IMPORTANT FOR US FROM A STRATEGIC STANDPOINT TO GET A RETURN ON THAT INVESTMENT TO BE ABLE TO THEN GET A RETURN BASED ON SALES TAX. I MEAN, WE'RE THE ONES SPENDING ALL THE MONEY AND, UM, AND IT JUST DOESN'T SEEM LIKE THE NEGOTIATIONS EVER WORK OUT IN A MANNER THAT BENEFITS THE TAXPAYER THAT WE REPRESENT. SO I THINK MORE PEOPLE SEE THE LOCATION AND UNDERSTAND A WHOLE LOT BETTER AS WE GET THE SURVEYS BACK, THE STUDIES BACK, WE GET INFORMATION WE CAN THEN SHARE. AND TO ME, THIS STUFF ALL ALIGNS A LOT WITH THE SAME WAY WE DID THE POLICE STATION. WE DID THE POLICE STATION, WE HAD 240 ACRES, WE MET, WE SAID WE WANTED TO BUILD A POLICE STATION. AND WELL, WE HAVE TO GO ENGAGE ARCHITECTS AND THINGS TO FIND OUT WHAT IT'S GONNA LOOK LIKE, WHAT THE, WHAT THE FORCE BASE IS GONNA BE, HOW IT'S GONNA LAY OUT TO WHERE IT'S GONNA NEED ACCESS FROM. ALL THAT IS DONE BY WHAT WE'RE DOING WITH SO FAR WITHOUT THAT, YOU JUST HAVE AN IDEA. WE DON'T EVEN HAVE A COST OF A POLICE STATION WITHOUT FIRST ENGAGING PEOPLE. AND WHEN YOU SPEND, YOU KNOW, 50 OR 60 MILLION, YOU HAVE TO SPEND SOMEONE ARCHITECT. I THINK THE SAME WAY HERE, IN ORDER TO EVALUATE THE, THE, IF THIS IS A GOOD MOVE OR NOT, YOU HAVE TO SPEND SOME MONEY TO DO THAT. AND I THINK WE'D SAID AT OUR LAST MEETING, UM, THIS IS ALSO, UM, WE BOUGHT THE LAND CHEAPER THAN MAYBE OTHER PEOPLE WOULD'VE PURCHASED IT. SO THERE'S ALWAYS THE ABILITY TO, UM, SELL THE LAND, WHICH WE'VE DONE SO FAR VERY SUCCESSFULLY AS AN EDC, WE BOUGHT LAND AND BEEN ABLE TO SELL IT AT, UM, AT GAINS, WHICH WE ARE THEN USING THE GAINS TO THEN FUND INFRASTRUCTURE AT NO COST TO TAXPAYER. SO TO ME, SO FAR EVERYTHING'S ALIGNING WITH WHAT WE HAVE PUBLICLY SAID WE'RE GONNA DO. AND WE DON'T GO THROUGH AND TELL EVERYBODY EXACTLY WHAT WE'RE DOING UNTIL IT'S DONE. JUST LIKE TODAY, PROJECT AIR, NOBODY CAME AND SPOKE ON PROJECT AIR, NOBODY HAS A CLUE WHAT PROJECT AIR IS, AND THEN THEY MAY BE VERY, VERY UPSET IN A, IN A MONTH ON PROJECT AIR. BUT, UM, THAT'S KIND OF HOW SOME OF THIS STUFF WE JUST CAN'T TELL EVERY SINGLE DETAIL TO UNTIL WE'VE, WE'VE FINISHED IT. SO WE ARE STILL AWAITING, UM, THE PROPOSAL SENT TO US. WE WON'T BE TAKING ANY ACTION. CORRECT. IT WAS JUST AN UPDATE. AND THEN, UM, THE, THE ASSOCIATED EXPENDITURES HAVE ALREADY BEEN APPROVED BY THE CORPORATION AND COUNCIL, SO THE NEXT UPDATE SHOULD BE A TIMELINE OF WHEN THOSE THINGS WILL BE DELIVERED AND THEN CONFIRMING THAT EVERYTHING FELL WITHIN BUDGET OR COMING AND ASKING FOR A, AN ADDITIONAL FUNDING REQUEST. SO WE'LL SEE WHAT THEY COME BACK WITH. SO I HAVE A QUESTION. UM, AS FAR AS THE PURPOSE OF THIS, UH, LAND THAT WE'RE PURCHASING, DO WE HAVE A PROFORMA BROKEN OUT TO SHOW ALL THE EXPENSE PROJECTED TO BUILD THIS FIRE STATION? I DON'T THINK WE HAVE THAT UNTIL WE HAVE AN ARCHITECT WHO'S DONE SOMETHING. WE'LL GET THAT FROM OUR PROPOSALS. THAT'S THE PROPOSALS BASIC LEVEL DRAWINGS TO BE ABLE TO TELL US RIGHT NOW EVERYBODY SHOULD, I MEAN, WE DON'T EVEN KNOW IF THE LAND'S GONNA BE GOOD FOR THAT PURPOSE. WE HAVE TO WAIT FOR AREAS TO RESPOND. I MEAN, IT COULD SINK, I MEAN, THE FIRE TRUCKS ARE PRETTY HEAVY ANYWAY. THERE COULD BE PROBLEMS WITH THE LAND, BUT MM-HMM . I'M JUST WONDERING BECAUSE I ALWAYS LIKE TO LOOK FORWARD A YEAR TWO, THREE, THAT IF WE HAVE A PERFORMER, WE HAVE A STAKE IN THE GROUND TO UNDERSTAND, OKAY, WHERE DO WE WANNA BE A YEAR FROM NOW, THREE YEARS FROM NOW, FIVE YEARS FROM NOW, WITHOUT A GOOD HANDLE ON THE COST OF THE EQUIPMENT, THE PEOPLE THAT NEED TO BE TRAINED? OR WILL IT BE THE PEOPLE THAT ARE ALREADY IN PLACE, YOU KNOW, THAT KIND OF LIKE MM-HMM . MANAGEMENT PLAN PERFORM ALSO. YEAH. I THINK THE CITY'S WORKING ON THAT. BUT AGAIN, I THINK YOU, IT'S LIKE THE, UM, NOT THE HAMMER RUN A POLICE DEPARTMENT UNTIL WE, THAT'S PROBABLY BEEN A SIX TO NINE MONTH PROCESS OF GOING THROUGH TO KNOW HOW MANY OFFICES, WHAT SIZE OF THE OFFICE. AND WE [01:25:01] EVEN GOT DOWN TO THE SIZE OF THE URINALS AND THE BATHROOMS BECAUSE THE COST OF IT WAS LIKE $800 A SQUARE FOOT. AND SO WE WENT THROUGH, WE HAD A SUBCOMMITTEE AND WE WENT THROUGH EVERY SINGLE STEP AND THERE WAS LIKE AN 8,000 SQUARE FOOT COURTROOM THAT AT THE END, I THINK WE ENDED UP TAKING IT OUT BECAUSE THE, THE MONEY JUSTIFICATION FOR THE COURTROOM, WE DIDN'T SEE THE, WE DIDN'T SEE THE PURPOSE FOR THAT, BUT WE DIDN'T KNOW WHAT THAT WOULD COST TO DO THAT UNTIL UNFORTUNATELY YOU GO THROUGH THE PROCESS TO FIND ALL THAT OUT, WHO'S GONNA STAFF IT, HOW MANY PEOPLE ARE GONNA STAFF IT? SO I THINK THE CITY WILL END UP, UH, DOING THE SAME THING WITH, UH, ANY KIND OF FIRE DEPARTMENT OPERATIONS. IT'LL BE WHAT IT'S GONNA LOOK LIKE, HOW MUCH IT'S GONNA COST TO CONSTRUCT. DOES THAT MAKE SENSE? WHAT DOES IT COST TO RUN? AND THEN FROM OUR PERSPECTIVE ON THE EDC, I THINK WE'RE MORE OF THE, THE FUNDING TO PUT THE, PUT THE STUFF TOGETHER TO WHERE THE CITY'S GONNA RUN. RIGHT. WE DON'T WANNA GET INTO THAT NITTY GRITTY DETAIL, BUT SOMEONE WHO, SOMEONE QUALIFIED TO PULL THAT INFORMATION TOGETHER SO WE CAN SAY, NO, WE DON'T NEED THAT. JUST LIKE WHAT YOU'RE EXPLAINING. THAT'S RIGHT. MM-HMM . YEAH. THESE PROPOSALS WE'RE WAITING ON ARE GONNA TELL YOU SO MUCH. I MEAN, WE'LL DEFINITELY TELL YOU EVERYTHING WE NEED TO KNOW. I USED TO WORK WITH AREA, SO MM-HMM . I TOTALLY UNDERSTAND THE GEOTECHNICAL. YEAH. AND WE WORKED ON PROJECTS NOT JUST WITH AREAS, BUT OTHER GEOTECHNICAL FIRMS. AND SOMETIMES YOU JUST HAVE TO SAY, IT'S NOT, YOU CAN'T DO THAT ON THIS LAND AND MM-HMM. ONCE THAT'S DETERMINED, TELL US, I HAVE A QUESTION AS WELL, UM, AS, NOT TO HOLD YOU TO THE TIMEFRAME, BUT WAITING ON THE PROPOSALS, DO HE HAVE SOME IDEA, IS THIS WEEKS AWAY OR MAYBE THIS WEEK THEY'VE BEEN RESPONSIVE? UH, MY MAIN POINT OF CONTACT IS OUT OF OFFICE, HOWEVER, DID DESIGNATE SOMEONE, UH, IN HIS ABSENCE. SO I WOULD EXPECT A PROPOSAL BY WEDNESDAY. THANK YOU. MM-HMM . AND THEN I HAD ANOTHER QUESTION JUST FOR CLARIFICATION. THERE WERE COM PUBLIC COMMENTS ABOUT THIS EFFORT, PEOPLE FROM OUTSIDE THE COUNCIL AND EDC. HOW DO WE ADDRESS THAT? OR DO WE NOT ADDRESS IT? THEY HAD CONCERNS AND RECOMMENDATIONS AND IDEAS. DO WE, DO WE RESPOND OR WHAT HAPPENS TO THOSE COMMENTS? WELL, THERE'S SOME ADDITIONAL INFORMATION THAT WILL BE SHARED IN EXECUTIVE SESSION, UM, THAT MAY HELP YOU WITH THOSE, THOSE ITEMS AS WELL. OKAY. WAS ALL OF THE EDC BOARD SHARED THE LEGAL OPINION THAT WAS GIVEN TO COUNSEL? YES. I THINK THAT WAS ADDRESSED. AND I WOULD SAY, AGAIN, IT, THE COMMENTS, IT WAS A JOINT MEETING MM-HMM . SO I THINK A LOT OF THE COMMENTS WERE OPERATIONAL IN TERMS OF, OF HOW THEY WERE ADDRESSED. AND I THINK THAT'S GONNA BE MORE OF A CITY FUNCTION, WHEREAS WE'RE, IT'S LIKE BUILDING A ROAD. THE EDC BUILT A SPINE ROAD, BUT THE MAINTENANCE OF IT, UH, WHERE IT WENT, THINGS LIKE THAT, THAT WAS REALLY DETERMINED BY THE CITY. AND SO WE JUST BUILT IT. AND SO I, I LOOK AT THE SAME THING. UM, IN TERMS OF ANY KINDA POTENTIAL FIRE OPERATION, WE MAY BE THE, THE CONDUIT TO GET THE FIRE STATION, THE LAND BOUGHT TO GET THE BUILDING BUILT. UM, BUT WHEN IT COMES TO OPERATIONS AND, AND IT'S, THE STRATEGY I THINK IS ALL GONNA BE OUTSIDE OF OUR HANDS, THAT'S ALL GONNA BE A, A CITY FUNCTION. OKAY. AND I UNDERSTAND THAT, THAT MAKES SENSE, BUT STILL, TO ME IT WOULD SEEM THAT WE HAVE TO AT LEAST ACKNOWLEDGE, OKAY, WE RECEIVED YOUR, YOUR CONCERNS. WE UNDERSTAND, YOU KNOW, YOUR POINTS. IF THERE'S ANYTHING THAT NEEDS TO BE CLARIFIED, WE GIVE THEM THAT OPPORTUNITY TO CLARIFY. AT LEAST WE'RE SHARING WITH THEM. WE HEAR YOU. YEAH. AND WE'RE TAKING IT INTO CONSIDERATION. IS THAT SORT OF DIALOGUE. I, I'D REALLY LIKE TO ADDRESS IT EXECUTIVE SESSION FIRST, AND THEN IF YOU HAVE ANYTHING WE COULD RECALL IT IF YOU WANNA MAKE ANY FURTHER COMMENTS AFTER EXECUTIVE SESSION. THANK YOU. OKAY. NO ACTION ON ITEM SEVEN. SEVEN. MOVING ON TO ITEM SEVEN EIGHT, DISCUSS AND CONSIDER ACTION ON RESOLUTION REDC 20 26 25 TO APPROVE A CONSTRUCTION CONTRACT FORM DOCUMENT FOR THE CORPORATION. THANK YOU. VICE CHAIR. UH, THIS ITEM IS IN CORRELATION TO THE INFRASTRUCTURE IMPROVEMENT PROGRAM FOR THE CORPORATION THAT WAS PRESENTED BY LEGAL. SO I WILL TURN IT OVER TO THEM AS IT IS A COMPANION DOCUMENT TO THAT. AND, UH, THEY CAN EXPLAIN AND TAKE ANY QUESTIONS. HI. I ACTUALLY AMENDED THE CONTRACT A BIT TO NOT BE, SO THE PREVIOUS VERSION THAT THE BOARD HAD WAS, WAS JUST FOR THE INFRASTRUCTURE IMPROVEMENT PROGRAM. UM, SO IT WOULD HAVE TO BE MODIFIED ANYTIME YOU WANTED TO RELY ON IT IF IT WASN'T BEING USED JUST IN CONJUNCTION WITH THOSE PROJECTS. UM, SO THIS VERSION I MADE SO THAT YOU COULD USE IT FOR ANY CONSTRUCTION PROJECT THAT THE EDC DOES, IT HAS ALL OF THE DESIRED INCENTIVES AND DISINCENTIVES THAT WE HAVE DISCUSSED. IT HAS THE SPECIALIZED GENERAL CONDITIONS AND THEN THE PROJECT CONDITIONS. IT IS VERY SET UP TO BE VERY CLEAR, UM, SO THAT WHEN YOU MODIFY THE PROJECT SPECIFIC CONDITIONS, YOU CAN VERY EASILY ROUTE [01:30:01] BACK TO EXACTLY WHAT GENERAL CONDITIONS YOU'RE MODIFYING AND EVERYBODY CAN REALLY UNDERSTAND IT AND GET ON THE SAME PAGE VERY QUICKLY. MM-HMM . UM, SO IT'S, IT'S DESIGNED TO REALLY REDUCE ANY KIND OF NEGOTIATION TIME OR COST, AS WELL AS PROVIDE SIGNIFICANTLY MORE CONTROL TO THE EDC IN OVER ITS CONSTRUCTION PROJECTS. AND LIKE I SAID, IT IS FOR ANY CONSTRUCTION PROJECT, IT CAN BE APPLIED TO A PROJECT OF ANY SIZE. SO YEAH, I'LL SAY THAT I AM, YOU KNOW, PARTICULARLY EXCITED ABOUT THIS TYPE OF AGREEMENT BECAUSE THERE ARE PERFORMANCE BASED ITEMS IN HERE, AND THAT'S NOT SOMETHING THAT'S COMMON WITH CONSTRUCTION WITHIN A CITY. YOU JUST LIKE PRAY IT'LL BE OVER AT SOME POINT , BUT HERE WE KNOW, WE KNOW APPROXIMATELY WHEN THEY INTEND TO BE FINISHED. AND IF THEY DON'T FINISH BY THAT TIME, THERE'S PENALTY, THERE WILL BE PEN. I MEAN, THERE IS A WAY FOR US TO RECUPERATE, YOU KNOW, SOME OF THAT DELAY. THERE IS DELAY, AND THEN IF THEY FINISH EARLY, THEN THEY BE FOR US, FOR THEM. RIGHT. WAIT FOR EVERYBODY IF THEY FINISH EARLY. BUT THERE'S ALSO, LIKE I SAID, THERE MEANS FOR THE BOARD TO SAY, HEY, WE THINK THAT YOU'RE GETTING OFF SCHEDULE, THERE'S REQUIREMENTS FOR THEM. IF SOMETHING DOES HAPPEN AND THEY, LIKE, THERE'S A FORCE MAJEURE EVENT AND YOU HAVE TO, AND THEY SAY, HEY, WE CAN'T DO THIS. AND THERE'S REQUIREMENTS FOR 'EM TO SAY, OKAY, WELL INSTEAD WE'RE DOING THIS. AND THEN DOCUMENT AND SAY, HERE'S WHERE WE ARE AND HERE'S THE STEPS THAT WE'VE TAKEN TO MITIGATE SO THAT, UM, BECAUSE I'VE DEFINITELY SEEN IT WHERE SOMETHING HAPPENS AND THEN LATER ON THE, UM, THE OWNER, THE, THE, THE ENTITY THAT HAS CONTRACTED FOR THE CONSTRUCTION IS KIND OF PUT IN A PLACE WHERE THEY'RE TRYING TO PROVE THAT THE CONTRACTOR ACTUALLY DIDN'T TAKE THE STEPS TO TRY AND MOVE OR ELSE THEY COULD IN THE PROJECT OR MITIGATE. SO ALL OF THIS IS SHAPED TO WHERE THERE'S THE MINIMAL BURDEN ON YOU, AND IT'S JUST STRUCTURED INTO THE DEAL. MM-HMM . AND I THINK THAT IT ALSO PROVIDES A WAY FOR THESE VARIOUS ENTITIES WHO ARE, YOU KNOW, BIDDING THE PROJECTS TO COMPETE WITH EACH OTHER OVER OTHER THINGS OTHER THAN JUST PRICE. SO THEY'RE ALSO BEING COMPETITIVE WITH THEIR TIME TOO. SO I JUST WANTED TO MAKE AS AN EDUCATIONAL PIECE FOR THE PUBLIC TO HEAR. THAT'S, UM, ONE OF THE KEY THINGS THAT WE'RE REALLY EXCITED ABOUT ON THIS. AND I WILL SAY, SAY, AND THANK YOU FOR DOING THIS ALSO FOR THE PUBLIC. IT'S NOT, IT'S DRAFTED WITH THE, THE CONTRACTORS IN MIND TOO. YES. LIKE, THEY ARE PEOPLE AND WE UNDERSTAND THAT THEY'RE COMPANIES. AND SO THE PART OF THE POINT OF IT BEING VERY CLEAR AND LAID OUT IS THAT IT'S CLEAR FOR EVERYBODY. UM, SO I THINK THAT'S A GOOD POINT TO MAKE FOR PEOPLE THAT ARE LISTENING AS WELL. AND ONE OTHER POINT, BY ADOPTING THIS TEMPLATE TODAY, THEN IF THERE IS A PROPOSED AMENDMENT TO THE TEMPLATE, UM, STAFF DOES NOT HAVE THE ABILITY, THE AUTHORITY TO MODIFY THAT, THAT IT COMING BACK TO THE BOARD. MM-HMM . SO, UM, THIS IS A HARD CONTRACT THAT'S, YOU KNOW, UH, WHAT THEY CALL 'EM IS A DOCUMENT OF ADHESION. IT'S, THIS IS HOW WE DO IT. IF YOU WANT TO DO IT OUR WAY, GREAT. IF YOU DON'T, THEN MAYBE THIS ISN'T THE BEST CONTRACT FOR YOU. UM, OR THEY HAVE TO COME IN A PUBLIC SETTING AND EXPLAIN TO YOU WHY THEY'RE, THEY'RE JUSTIFIED TO MAKE A DIFFERENCE. MM-HMM . AND SO THAT TYPICALLY, UM, MINIMIZES THE ARGUMENTS OR THE DETAILS OR THE BACK AND FORTH, AND AGAIN, LESS LEGAL FEES RELATED TO THE PROJECT. AND SO WE'RE, WE'RE HOPING THAT THIS CAN STREAMLINE THAT PROCESS AND MAKE IT FASTER, MORE EFFICIENT FOR EVERYONE, INCLUDING THE CONTRACTORS AND FOR THE PUBLIC. WHERE THIS REALLY EVOLVED FROM, WAS BOARD MEMBER MORRIS AND I WERE IN A DIFFERENT CAPACITY SERVING AT A, UM, UH, WHAT WAS, WHAT WOULD YOU, WHAT WAS THAT? THEY WERE A MEDIATION. WE WERE MITIGATING MEDIATION, MITIGATING, UH, AN OFFER FOR FUNDS OWED TO US. AND WE WERE IN A, BASICALLY A NEGOTIATION TO BRING BACK TO THE COUNCIL. YEAH. WE HAD, WE HAD AN ISSUE WHERE, UM, SOMEONE MISSED A DEADLINE THAT THE CONSTRUCTION WORK WAS NOT WHERE IT SHOULD HAVE BEEN, AND WE'RE MEDIAING. AND WE HAD GOT A SPECIALIZED ATTORNEY FOR THAT. AND ONE OF THE THINGS THAT HE SAID WAS, IS KIND OF LIKE, WELL, IT'S A PUBLIC THING AND IT, IT KIND OF IS WHAT IT IS. YOU REALLY DON'T GET, UM, LIQUIDATED DAMAGES. YOU DON'T HAVE THE SAME POWER. AND I KEPT, AND I KEPT ASKING HIM, BUT HOW IS IT PRIVATE COMPANIES DON'T HAVE THIS ISSUE? AND HE KEPT SAYING, YOU'RE PUBLIC. YOU'RE PUBLIC. AND THEN OUR CITY ATTORNEY WAS THERE, AND I SAID, WAIT A MINUTE. SO THE EDC IS A PRIVATE ORGANIZATION AND THE CITY'S PUBLIC. AND THEY WERE LIKE, YES. AND I GO, SO WAIT A MINUTE. SO THE PUBLIC HAS A WHOLE DIFFERENT SET OF RULES. AND IT WAS LIKE, YES. AND I'M LIKE, OKAY, THEN THAT'S NOT WHAT WE WANT, I DON'T THINK. AND SO WE BROUGHT UP TO THE COUNCIL, THE COUNCIL MADE A DIRECTION THAT YES, WE, THERE ARE THINGS WE WANT FROM A PUBLIC STANDPOINT. WE WANT BIDDING, WE WANT TRANSPARENCY IN SOME OF OUR DOCUMENTS AND THINGS. WHAT WE DON'T WANT IS TO [01:35:01] NECESSARILY BE HELD HOSTAGE TO A, A, A CONTRACTOR THAT MIGHT BE SIX MONTHS BEHIND. WE JUST HAD THIS THURSDAY, THEY BID ON A PROJECT IN MARCH OF 25 AND ABOUT READY A SIGNAL AT INNOVATION ABOUT READY TO CLOSE IT OUT. INNOVATION. AND, AND LIMBRICK. . WE LOST ELECTRONICS. NO, I TURNED OFF THE COMPUTER DIDN'T GO. THIS WHAT SHE SAID. HE'S TALKING AGAIN. I'LL JUST SHUT THIS BACK. NO, NO, NO. IT WAS DOORS. IT WAS DOORS. IT WAS DOORS. THE . HE HAS, SHE NEEDS TO HAVE THE BE, NOPE, SORRY, SORRY, SORRY, SORRY. I DIDN'T WANT Y'ALL TO HAVE TO SEE THAT , UM, CONSIDER ACTION. SO I, I'D NOT GONNA MAKE A MOTION TO, TO ACCEPT RESOLUTION. R-H-E-D-C DASH 2 0 2 6 DASH TWO FIVE DASH 0 2 5 OR SECOND. OKAY. MOTION PRESENTED BY BOARD MEMBER MORRIS, SECONDED BY SECRETARY GONZALEZ. ANY FURTHER DISCUSSION? HEARING NONE WILL CALL THE VOTE. SECRETARY GONZALEZ. AYE. BOARD MEMBER PORTERFIELD AYE. VICE CHAIR MORALES AYE. BOARD MEMBER SCHNEIDER AYE. BOARD MEMBER MORRIS AYE. MOTION PASSES. FIVE ZERO. OKAY. MOVING ON TO AGENDA ITEM SEVEN NINE, DISCUSS AND CONSIDER ACTION TO RESCHEDULE THE JULY 6TH, 2026 REGULAR BOARD MEETING. THANK YOU. SO EFFECTIVELY, STAFF IS ASKING TO UNDO THE ACTION FROM THE MAY MEETING WHEN I REQUESTED THAT WE RESCHEDULE IT AWAY FROM THE 13TH. UH, I HAD A SCHEDULING ERROR. I DID NOT ENTER SOMETHING PROPERLY ON MY CALENDAR. I HAVE TRIPLE CHECKED, QUADRUPLE CHECKED. I'M CONFIDENT. 13TH IS GOOD. SO, OKAY. JUST FORMAL ACTION TO MOVE IT BACK TO THE REGULAR TIME OF THE 13TH. WELL, GUESS WHAT? THE CALENDAR NOW YOU'RE NOT GONNA BE, THE CALENDAR NEVER CHANGED, SO I FORGOT IT WAS MOVED TO THE SIXTH. PERFECT. . OKAY, SO WE DON'T NEED TO TAKE ACTION. UM, THIS OR WE, WE DO BECAUSE THERE WAS BOARD ACTION TO RESCHEDULE IT TO THE SIXTH. SO NOW BOARD ACTION TO MOVE IT BACK TO THE 13TH. MOTION WILL MOVE IT TO THE 13TH AS THE CALENDAR SHOWS SECOND. OKAY. UH, MOTION PRESENTED BY BOARD MEMBER PORTERFIELD, SECONDED BY SECONDARY GONZALEZ. I DON'T BELIEVE WE HAVE ANY DISCUSSION ON THAT. WE WILL CALL THE VOTE BOARD MEMBER MORRIS AYE. BOARD MEMBER SNYDER. AYE. VICE CHAIR MORALES AYE. BOARD MEMBER PORTERFIELD AYE. [01:40:01] SECRETARY GONZALEZ. AYE. MOTION PASSES. FIVE ZERO. ALL RIGHT. AND THEN ITEM SEVEN 10. DISCUSS, UH, DISCUSS AND CONSIDER ACTION TO APPROVE THE MINUTES FROM THE REGULAR MEETING ON MAY 11TH. AND SPECIAL CALL JOINT MEETING WITH CITY COUNCIL ON MAY 26. 2026. SO MOVED. SECOND. OKAY. MOTION PRESENTED BY BOARD MEMBER PORTERFIELD, SECONDED BY SECRETARY GONZALEZ. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER SNYDER AYE. SECRETARY GONZALEZ. AYE. VICE CHAIRMAN MORALES AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER PORTERFIELD AYE. MOTION PASSES. FIVE ZERO. THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.071 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 THE FOLLOWING ECONOMIC DEVELOPMENT PROJECTS. PROJECT CORE PROJECT LAKE, THE MEGASITE PROJECT PROJECT BLUE HUB PROJECT WEST PROJECT HEARTBEAT PROJECT, AIR PROJECT. ORCHARD ORCHARD PROJECT SHRINE PROJECT ROBOT VIEW PROJECT COLD PLATE PROJECT DYNAMITE, THE DESIGN CONTRACT FOR THE PECAN STREET IMPROVEMENT PROJECT, POTENTIAL REAL ESTATE TRANSACTIONS, REMOVAL OF A HOUSE LOCATED ON THE MEGA SITE, THE INCENTIVE AGREEMENT FOR HOW TO HOSPITALITY, A POSSIBLE INCENTIVE FOR ALPHA GRAPHICS PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES AND ANY RELATED INCENTIVES. POSSIBLE LITIGATION WITH MIDWAY INFRASTRUCTURE PROJECTS IMPACTING THE CORPORATION OWNED PROPERTY, ALCOHOL ZONING FOR THE CITY OF HUDU. PROPOSED HU FIRE STATION NUMBER ONE, AND THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES. THE TIME IS EIGHT 12. ALL RIGHT. HOW DO ECONOMIC DEVELOPMENT CORPORATION WHEN I'LL RECONVENE, UM, AN OPEN MEETING TUESDAY. IT IS 12:02 AM M UH, OKAY. ACTION RELATIVE TO EXECUTIVE SESSION. UH, ITEM NINE ONE, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026. OH, SORRY. DID WE ROLL CALL? DO WE NEED TO ROLL CALL? NO, JUST, UH, IF WE CAN STATE THAT NO ACTION WAS TAKEN IN EXECUTIVE SESSION, THEN WE ARE GOOD TO MOVE FORWARD. OKAY. WAIT, DON'T WE HAVE ONE THOUGH? DID WE HAVE NO, NO, NO. ACTION WAS TAKEN IN EXECUTIVE SESSION. IN EXECUTIVE SESSION. OH, OKAY. SORRY. OKAY. YOU HAVE TO SAY THAT NO ACTION WAS TAKEN IN EXECUTIVE SESSION. GO. WE WILL MOVE ON TO ACTIONS RELATIVE TO EXECUTIVE SESSION. THERE YOU GO. ITEM NINE ONE. THANK YOU. UH, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HTC DASH 2026 DASH 0 31, UH, TO AWARD THE DESIGN FOR THE PECAN STREET IMPROVEMENT PROJECT AND AUTHORIZE CITY STAFF TO ENGAGE IN CONTRACT NEGOTIATIONS AND EXECUTE THE AGREEMENT WITHIN THE SCOPE OF SPECIFIED AUTHORITY. MOTION ? WE HAD A MOTION. YOU HAVE A MOTION ON THAT MIC? I GUESS WE DIDN'T NEED THE BUZZER AFTER ALL. , GO AHEAD. I WAS WANTING TO DO SOMETHING. OKAY. THAT'S NOT, UH, FOR CLARIFICATION. I KNOW WE WERE AN EXEC FOR A LONG TIME. SO THIS IS THE AWARD OF PECAN STREET IMPROVEMENT PROJECT. WE HAD THE TWO FINAL FIRMS DESIGN ENGINEER FIRMS FOR THIS PROJECT. DO WE STATE THE NAME OF THE ONE THAT WE'RE AWARDING TO? YES. BECAUSE YOU DIDN'T INDI YEAH. FOR YOUR MOTION. THAT WOULD BE APPROPRIATE. YES, MA'AM. UH, ALL RIGHT. THIS WAS ALL ON YOU. I, UH, NOT REALLY. IT'S MINE. WHOEVER SOMEBODY WANTS MOOD. HE'S ONLY HALF MOTIVATED. , SORRY. CHANGE HIS MIND. OKAY. MOTION TO AWARD THE DESIGN FOR THE PEON STREET IMPROVEMENT PROJECT TO HALF AN ASSOCIATES AND ENGAGE IN CONTRACT NEGOTIATIONS AND EXECUTE THE AGREEMENT WITHIN THE SCOPE OF SPECIFIC AUTHORITY. THERE'S THERE A SECOND. SECOND. GOING ONCE, GOING TWICE. ALL RIGHT. NO SECOND FOR THAT. YEP. IS THERE ANOTHER MOTION THAT SOMEONE WISHES TO MAKE IN THE ABSENCE OF FURTHER DIRECTION? I DON'T REALLY KNOW WHAT TO DO WITH THIS PROJECT BECAUSE THE NEXT STEP WAS TO AWARD THE CONTRACT. SO IF WE'RE JUST NOT GONNA DO THE PROJECT, THEN THAT'S KIND OF WHERE WE ARE. SO WE DO NEED SOME KIND OF ACTION IN SOME KIND OF DIRECTION OR SOME KIND OF DIRECTION. [01:45:02] IS THERE FURTHER INFORMATION THAT WE WOULD LIKE TO REQUEST FROM THE TWO FINAL GROUPS IN ORDER TO MAKE A DECISION? I FEEL LIKE YOU GUYS HAD ALL THE INFORMATION YOU NEEDED. I, I AGREE. SO WHY ISN'T UH HMM. OKAY. THIS SOMETIMES HAPPEN ON THE CITY COUNCIL SIDE SOMETIMES. HMM. WE'RE NOT READY. OKAY. WE'RE NOT READY TO TAKE ACTION ON THAT ITEM. WE'RE GONNA WAIT TILL JULY 13TH. WE'LL BRING IT BACK TO BRING IT BACK WITH WHAT ADDITIONAL INFORMATION MAY NOT BE ANY 13TH OR 25TH. THE 13TH. THINK ABOUT IT. OR EDC. OH. EDC. YEAH. OKAY. AS A REMINDER, FURTHER, THE DELAYS ARE GONNA DELAY. I WAS READY. DELIVERY. OKAY. , WOULD YOU LIKE TO REVISIT THE PRIOR MOTION OR CREATE A NEW MOTION? MOTION? YEAH, JUST, YEAH. STATE IT AGAIN. RESTATE IT AGAIN. I DON'T KNOW. RESTATE IT. YEAH. OKAY. SO A MOTION TO AWARD THE DESIGN FOR THE PECAN STREET IMPROVEMENT PROJECT TO HALF AN ASSOCIATES IN AUTHORIZE STAFF, CITY STAFF TO ENGAGE IN CONTRACT NEGOTIATIONS AND EXECUTE THE AGREEMENT WITHIN THE SCOPE OF SPECIFIED AUTHORITY. I'LL GIVE IT A SECOND. MOTION PRESENTED BY VICE CHAIR MORALES, SECONDED BY BOARD MEMBER SNYDER. ANY DISCUSSION? I'D ONLY SAY THIS. IF HALF AN ASSOCIATES IS LISTENING. I'M NOT A BIG FAN OF GOING WITH HALF AN ASSOCIATES. I DON'T EVEN KNOW IF I'M GONNA VOTE FOR THAT JUST BECAUSE I MADE A SECOND. BUT WE HAD ISSUES BEFORE. I DON'T LIKE THE WAY THEY WERE RESOLVED. AND I THINK THAT IF WE'RE GONNA PARTNER ON A DEAL LIKE THIS, AND I APPRECIATE THAT THEY'VE WALKED THE CITY, I APPRECIATE THAT THEY'VE BEEN INVOLVED IN SOME OF OUR DOWNTOWN, BUT ONE OF THE COMMENTS I HEARD IN THE BACK WAS SUMMARIZING IF YOU'RE GONNA BE A PARTNER, THEN IF YOU MESS UP OR THINGS AREN'T GOING AWAY, WE, WE ALL THOUGHT THEY WOULD THEN NEED TO BE THE PERSON IN THE ROOM THAT'S THE PROFESSIONAL AND MAKE IT RIGHT, INSTEAD OF JUST LEAVING IT ON THE BOARD OR LEAVING IT ON THE CITY. AND SO I'LL LEAVE IT THAT. UM, I TOO, UM, HAVE ISSUES WITH HALF, UH, SPECIFICALLY ON THE, THE BRICKLIN'S, UH, ENGINEERING, UH, AND CONSTRUCTION. UM, AS SOMEONE SAID, YOU KNOW, PEOPLE CAN HAVE AN OFF DAY OR MAKE A MISTAKE OR MAYBE THERE'S SOME LEGITIMATE REASONS THAT, UH, THINGS WEREN'T, UH, EXPECTATIONS AND OUR SPECIFICATIONS WEREN'T MET. BUT IT WAS THE, THE RESOLUTION OR THE DIFFICULTY IN THE RESOLUTION TO CORRECT AND MITIGATE THOSE ISSUES IS, WOULD I HAVE A PROBLEM WITH HALF AND I'LL BE VOTING NO AS WELL. ANY FURTHER DISCUSSION? HEARING NONE. WE'LL CALL A VOTE. SECRETARY GONZALEZ, I WANNA ABSTAIN. CAN YOU DO THAT FOR NO REASON OR THINK YOU HAVE TO MAKE A VOTE? THERE'S A REQUIREMENT OF IT. YEAH. AB SO SHE CAN ABSTAIN. YOU CAN'T ABSTAIN. I DON'T BELIEVE THAT THERE'S A PROHIBITION IN THE BYLAWS, SO. OKAY. BOARD MEMBER SNYDER. AYE. BOARD MEMBER FORTER FIELD. AYE. BOARD MEMBER? MORRIS NAY. VICE CHAIR MORALES. AYE. MOTION PASSES. FOUR. 1 3 2 3 2. EXCUSE ME. 3, 2 3. 0 1 0 3. THREE. ONE. ONE. THREE. 1 1 3. ONE ONE. MOTION PASSES. 3 1 1. OH BOY. OKAY. CONFIDENCE . AYE. OKAY. UM, MOVING ON TO ITEM NINE TWO. DISCUSS AND CONSIDER ACTION AND RESOLUTION. R DASH HEDC DASH 2026 DASH 0 3 9 TO APPROVE AN ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT OR AN EDPA FOR PROJECT ERROR VICE CHAIR. I BELIEVE THERE'S NO ACTION ON THIS. THIS WILL COME BACK AT THE JULY MEETING. OKAY. NO ACTION TAKEN ON ITEM NINE TWO. MOVING ON TO NINE THREE, DISCUSS AND CONSIDER ACTION REGARDING THE REMOVAL OF THE HOUSE LOCATED ON THE CORPORATION OWNED MEGASITE PROPERTY AT 1 1 7 0 0 HIGHWAY 79. I'LL MAKE A MOTION TO DENY THE RECONSIDERATION OF ACCEPTING ANY OFFERS FOR THE REMOVAL OF THE HOUSE. SECOND MOTION PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER MORRIS. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER. MORRIS [01:50:01] AYE. BOARD MEMBER REPORTER FIELD AYE. BOARD MEMBER SNYDER. AYE. SECRETARY GONZALEZ. AYE. VICE CHAIR MORALES. AYE. MOTION PASSES. FIVE ZERO. MOVING ON TO ITEM NINE FOUR, DISCUSS AND CONSIDER ACTION TO ENGAGE ADDITIONAL LEGAL SERVICES AND SUPPORT OF SPECIALTY PROJECTS AND INITIATIVES OF THE CORPORATION. I DON'T BELIEVE WE'RE TAKING ANY ACTION ON THAT. ARE WE? WHAT'S THAT? I DON'T BELIEVE, I DON'T THINK, NO, IT WAS NOT DISCUSSED WELL, WHAT I SAW. I THINK WE DISCUSSED SOME ABOUT OTHER CONSULTANTS AND SOME OF ITS LEGAL SERVICES FOR SOME OF OUR PROJECTS. THE ONLY THING I'D ADD TO THIS IS THAT I DO THINK MAYBE WE NEED TO COME UP BY THE NEXT AGENDA ITEM EXPECTATIONS THAT WE WANT. WE, WE'VE DONE IT WITH STAFF AND I THINK GEORGIA'S PEOPLE DO GOOD. UM, BUT THERE ARE TIMES WHEN I, I THINK WE OUGHT TO KNOW THEY NEED TO KNOW OUR EXPECTATIONS OUT OF THEM. AND I DON'T THINK WE'VE DONE THAT YET. TO OUR, FOR INSTANCE, HOW LONG DO WE WANNA GIVE THEM TO RESPOND TO A DOCUMENT? OKAY. LIKE AT WORK, I HAVE A NOT TO EXCEED 72 HOURS AND WE HAVEN'T REALLY HAD THAT YET. AND I THINK THAT WILL ALLOW THEM TO KNOW IN ORDER TO HIT DIFFERENT MILESTONES OR TIMELINES. HEY GUYS, I CAN DO THIS BUT I'M GONNA NEED X AMOUNT OF TIME. AND SO, UM, I THINK AS WE'RE DOING IT, UM, WHEN WE TALK ABOUT THE CONSULTANTS COMING UP AT THE NEXT MEETING, WE JUST ADD THAT ALL IN. 'CAUSE SOME OF THESE DEALS ARE HITTING SO QUICK. MM-HMM . THAT IN MY MIND, I'M JUST IMPATIENT. WE HAVE A MEETING, I'M EXPECTING LIKE CHENEY TO BE PUTTING PAPER OUT ON PROPERTY THE NEXT MORNING AND THEN LIKE FOUR DAYS COMES BY AND I'M LIKE, I COULD HAVE LOST THAT DEAL RIGHT THERE. I MEAN, 'CAUSE I KNOW OF A PERSON WHO RECENTLY LOST A DEAL BECAUSE THEY DIDN'T GET THEIR STUFF OUT AS QUICKLY AS WE DID. AND SO TIMING IS EVERYTHING WHEN IT COMES TO REAL ESTATE, BUT, OKAY. SO LESS ABOUT ADDITIONAL LEGAL SERVICES, MORE ABOUT JUST ESTABLISHING EXPECTATIONS YEAH. MOVING FORWARD. WHICH, WHICH COULD LEAD INTO, IT COULD LEAD INTO ADDITIONAL PROTOCOLS, LEGAL SERVICES. MM-HMM . UM, IT ALL JUST ALL DEPENDS ON WHAT, I GUESS SCHEDULES. OKAY. DOESN'T THIS ALSO INCLUDE WHAT LEGAL'S GONNA DO ABOUT GETTING THOSE CONSULTANTS TOGETHER? I THINK SO. THAT'S WHAT I, THAT'S WHAT I TOOK IT AS. FINE. OKAY. SO, UM, WE'D LIKE A MOTION ON THAT TO I THINK, OR I THINK WE ALREADY, NO, I THINK WE'RE GOOD. I THINK WE UNDERSTAND THE DIRECTION. SINCE THE, UM, IDEA IS COMING BACK TO THE NEXT ONE, WE WILL REVAMP THE AGENDA LANGUAGE TO REFLECT THAT DIRECTION. OKAY. SO NO ACTIONS CURRENTLY TAKEN ON NINE FOUR. MOVING ON TO NINE FIVE. CONSIDERATION AND POSSIBLE ACTION RELATED TO EXECUTIVE SESSION. AGENDA ITEMS LISTED ABOVE. UM, MOTION TO DIRECT, UM, LEGAL STAFF TO ENFORCE CONTRACT PERFORMANCE WITH RESPECT TO PROJECT HOSPITALITY. SECOND, A MOTION PRESENTED BY VICE CHAIR MORALES. SECONDED BY BOARD MEMBER MORRIS. ANY DISCUSSION? HEARING NONE WILL CALL A VOTE. BOARD MEMBER PORTERFIELD AYE. VICE CHAIR MORALES AYE. BOARD MEMBER? MORRIS AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER SNYDER. AYE. MOTION PASSES. FIVE ZERO. OKAY. ANY OTHER POSSIBLE ACTIONS FROM RELATED TO, UM, EXECUTIVE SESSION AGENDA ITEMS? OKAY. UM, ACTUALLY WAS THERE ONE ON, UH, ALPHA GRAPHICS? MM-HMM . YES. I BELIEVE PER THE DISCUSSION IN EXECUTIVE SESSION, THIS BODY WAS GONNA RECOMMEND, UH, CONSIDERATION BY CITY COUNCIL FOR INCENTIVE. SO MOVED. OKAY. YOU NEED A SECOND? MM-HMM . SECOND. MOTION PRESENTED BY BOARD MEMBER SNYDER. SECONDED BY BOARD MEMBER MORRIS. ANY OTHER DISCUSSION? OKAY, HEARING NONE, WE'LL CALL THE VOTE. VICE CHAIR MORALES AYE. BOARD MEMBER REPORTER FIELD? AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER SNYDER. AYE. MOTION PASSES. FIVE ZERO. OKAY. ANY OTHER ACTION RELATED TO EXECUTIVE SESSION AGENDA ITEMS? OKAY. HEARING NONE. UH, MOVING ON TO ITEM 10. FUTURE AGENDA ITEMS. ANY REQUESTS? ALL RIGHT. HEARING NONE. UM, WE WILL NOW ADJOURN. THE TIME IS [01:55:01] 12 15 0 1. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.