[00:00:01]
THE TIME IS 6 32 ON JULY 13TH, 2026.I CALL THIS HUDU ECONOMIC DEVELOPMENT CORPORATION.
TYPE A, TYPE B MORAL DIRECTORS MEETING TO ORDER ROLL CALL FIRST.
UH, VICE CHAIR MORALES IS HERE.
STAND FOR THE PLEDGE OR, OKAY.
BEFORE WE DO THAT, I JUST WANTED TO GIVE ONE QUICK ANNOUNCEMENT TO ANYONE THAT'S LIVE STREAMING.
UH, WE DID HAVE ISSUES WITH SLT RECORDING SYSTEM, SO UNFORTUNATELY WE WEREN'T ABLE TO GET THE WIDE SHOT.
YOU SHOULD BE ABLE TO HEAR EVERYTHING.
BUT THE VISUAL IS GONNA BE OF BOARD MEMBER THORNTON'S SEAT FOR THE DURATION OF THE MEETING.
SO APOLOGIES FOR THAT INCONVENIENCE.
WE DID TRY TO RESOLVE IT AND JUST WEREN'T ABLE TO DO SO SUCCESSFULLY PRIOR TO THE MEETING, SO I JUST WANTED TO PUT FORWARD THAT DISCLAIMER FOR OKAY.
THOSE THAT MIGHT BE TUNING IN.
WELL STAND FOR THE PLEDGE SPEAK.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD AND INVISIBLE WITH LIBERTY AND JUSTICE FOR ALL HONOR, WE OPEN FOR PUBLIC COMMENT.
HEARING NONE, WE MOVE ON TO EXECUTIVE DIRECTOR'S REPORT.
STAFF WILL PROVIDE UPDATES ON CRITICAL PROJECTS INCLUDING THE PECAN STREET IMPROVEMENT PROJECT, CITY OF HODO, FIRE STATION NUMBER ONE, WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP EVENT RECAPS AND UPCOMING EVENTS.
SO I'M REVIVING AN OLDIE BUT GOODIE WITH THE DIRECTOR'S REPORT.
SO, UM, THIS CORPORATION HAS SO MANY IMPACTFUL PROJECTS GOING ON.
I THOUGHT THIS WOULD BE AN APPROPRIATE WAY TO PROVIDE UPDATES SINCE WE DON'T HAVE LIKE A CIP PROJECT UPDATE LIKE COUNCIL DOES.
SO, UM, I'M GONNA PROVIDE THOSE UPDATES HERE.
UH, STARTING WITH BACAN STREET IMPROVEMENT PROJECT.
SO THAT IS CURRENTLY IN DESIGN.
WE HAVE WEEKLY MEETINGS WITH THE TEAM AT HALF, WHO IS OUR DESIGN ENGINEER AND IS CURRENTLY ON TRACK FOR THE JANUARY 31ST, 2027 DESIGN DELIVERY DATE.
UH, CITY OF HU FIRE STATION NUMBER ONE.
WE RECEIVED THE, UH, COMPLETE SCHEMATIC CONCEPT DESIGN AND SENT THAT OVER, UM, TO THE LANDOWNER AS PART OF OUR AGREEMENT.
UM, AND THE SURVEY IS ORDERED AND SHOULD BEGIN WITHIN THE NEXT TWO WEEKS.
SO WE'RE EXCITED TO SEE THAT PROGRESSING.
UH, WILCO, EDP, THEY HAVE THEIR UPCOMING CHAMPION, THEIR ANNUAL NOW, UH, CHAMPION'S LUNCHEON ON AUGUST 13TH AT THE ROUND ROCK MARRIOTT.
THE SPEAKERS FOR THAT ARE GONNA BE BARRY MATHERLY FROM HICK HICKEY GLOBAL, WHO'S COMPLETING THE STRATEGIC PLAN FOR WILCO, EDP, AND THEN NORMAN GARZA, WHO'S THE EXECUTIVE DIRECTOR FOR THE TEXAS SPACE COMMISSION.
UM, AND THEN JUST AS AN ASIDE, WE ARE GONNA BE TAKING FORWARD THE BUDGET REQUEST FOR THE WILCO EDP TO THE COUNTY NEXT TUESDAY.
UM, SO THAT'LL OCCUR DURING COMMISSIONER'S COURT MEETING, UM, THAT DAY.
EVENT RECAPS, UH, ATTENDED THE CAP COG WILCO DAY EVENT ON JUNE 22ND.
IT WAS REALLY GREAT TO LEARN ABOUT ALL THE DIFFERENT, UM, RESOURCES AND THE VARIETY OF INITIATIVES THAT THEY SUPPORT.
I DID NOTE SEVERAL COUNCIL MEMBERS IN ATTENDANCE AS WELL AS VICE CHAIR MORALES, SO IT WAS GREAT TO SEE, UM, SOME GOOD REPRESENTATION FROM HUDU THERE.
LOOKING FORWARD TO SEEING HOW WE CAN LEAN INTO THAT RESOURCE GROUP MOVING FORWARD.
UM, ALSO GOT TO CELEBRATE WITH THE ARMY ON THEIR 251ST BIRTHDAY ON JUNE 12TH.
UH, THE COMMUNITY OF HUDU HAD AN INCREDIBLY STRONG SHOWING BETWEEN THE CHAMBER, UM, CITY AND ISD.
SO, UH, IT WAS GREAT TO SEE THAT SHOW OF SUPPORT AND LEARN MORE ABOUT THE T TWO COMM TEAM.
AND I'M EXCITED TO LEARN MORE AND EXPLORE DIFFERENT OPPORTUNITIES TO PARTNER IN THE FUTURE.
UPCOMING EVENTS THIS WEEK, UH, WE HAVE LINKEDIN LINKED GLEN, EXCUSE ME, UH, THIS WEDNESDAY, AND THAT'S AT ONE 11 EAST IN HISTORIC DOWNTOWN HURO.
AND YOU CAN FIND DETAILS AND GRAB ANY REMAINING TICKETS ONLINE.
YOU CAN DO A QUICK WEB SEARCH OR HOP ON LINKEDIN AND SEARCH FOR THAT AS WELL.
UM, MAYOR SNYDER WILL BE PROVIDING COMMENTS AND THEN WE'LL HEAR FROM A DEVELOPER PANEL THAT WILL SHARE THEIR PERSPECTIVE ON DEVELOPING, UM, VARIETY OF USES IN HURO, INCLUDING DATA CENTER, WHICH WE'LL HAVE SOMEONE FROM SKYBOX THERE.
COMMERCIAL DEVELOPMENT ENDEAVOR WILL BE SPEAKING ON THAT.
AND THEN TRADITIONAL INDUSTRIAL TITAN WILL BE THERE TO DISCUSS THAT.
UH, THAT'S FROM THREE 30 TO FOUR IS REGISTRATION PROGRAMMING STARTS AT FOUR, AND THEN NETWORKING AND HAPPY HOURS FROM FIVE TO SIX.
UH, MONDAY, JULY 27TH, UH, THE CHAMBER HAS THEIR DEVELOPER NETWORKING EVENT AND THEIR SPECIAL GUEST FOR THAT, UH, EVENING WILL BE JUDGE SNELL FROM WILLIAMSON COUNTY.
AND THAT'S RIGHT HERE AT THE CO-OP OFFICES.
[00:05:01]
A SML BUILDING OUT THERE ON THE FIRST FLOOR, UM, AS I MENTIONED, THE CHAMPION'S LUNCHEON ON AUGUST 13TH.AND THEN AUGUST 26TH, WE HAVE A TRI-PARTY SUPPORTED EVENT, AND THAT'S A COLLABORATION BETWEEN THE AUSTIN ASIAN CHAMBER, HU AREA CHAMBER, AND TAYLOR CHAMBER FOR THE CENTRAL TEXAS KOREA SUMMIT.
AND THAT'LL BE OUT AT THE WILCO EXPO CENTER FROM FOUR 30 TO EIGHT.
AND THAT CONCLUDES MY REPORT FOR THIS EVENING.
OKAY, MOVING ON TO, UH, AGENDA ITEMS SIX ONE, DISCUSS AND CONSIDER ACTION TO APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT FOR JUNE, 2026.
CHRISTINA BISHOP, ASSISTANT FINANCE DIRECTOR FOR THE CITY.
UH, TONIGHT WE HAVE THE OPPORTUNITY TO DISCUSS THE JUNE, 2026 FINANCIAL REPORT.
THIS REPRESENTS NINE MONTHS OF FISCAL ACTIVITY, SO WE ARE STARTING TO WIND THE YEAR DOWN.
I THINK THE MOST IMPORTANT THING I WANNA NOTE FOR THIS MONTH IS ON THE REVENUE SIDE.
UH, AND THAT'S REGARDING YOUR SALES TAX TRENDS.
SO IN JUNE, YOU SAW A 5.5% DECREASE OVER PRIOR JUNE IN YOUR SALES TAX COLLECTIONS.
THEN WE MOVE FORWARD INTO JULY.
WE GOT THOSE NUMBERS LAST WEEK, AND THOSE NUMBERS ARE DOWN 1.1% OVER LAST JULY.
UH, SO STAFF DUG IN, TRIED TO FIND SOME TRENDS, SEE WHAT'S GOING ON.
AND I'M TRYING TO BE AS MINDFUL OF CONFIDENTIALITY RULES AS I CAN RIGHT NOW, BUT ONE OF YOUR TOP 10 SALES TAX PAYERS HAS NOT BEEN PAYING SALES TAXES OVER THE LAST THREE OR FOUR MONTHS.
SO, UH, THE ECONOMIC DEVELOPMENT TEAM IS LOOKING INTO THIS, TRYING TO FIGURE OUT WHAT'S GOING ON IN THEIR CHANGE IN BUSINESS.
AND WE WILL, UH, MONITOR AND REPORT THAT BACK TO YOU.
UM, ON THE EXPENDITURES SIDE, I THINK THE ONLY TWO THINGS OF NOTE WAS THERE WAS A PROPERTY PURCHASE DOWNTOWN AND YOU HAD SOME CIP EXPENDITURES.
ALL THAT BEING SAID, YOU HAVE, UH, WE'RE PROJECTING ABOUT A 12 AND A HALF MILLION DOLLARS ENDING FUND BALANCE THIS FISCAL YEAR.
UH, WITH THAT I CAN OPEN IT UP TO ANY QUESTIONS THAT I THINK I'M ALLOWED TO ANSWER.
SO, THE COM, THE BUSINESS THAT'S NOT BEEN PAYING THE TAXES THAT PER THAT GROUP HAS BEEN CONTACTED AND YOU HAVE VISITED WITH THEM.
SO THIS OCCURRED LAST WEEK WHILE I WAS OUT OF THE OFFICE.
I KNOW STAFF HAS REACHED OUT TO THAT COMPANY MULTIPLE TIMES.
AND SO WE'LL BE MAKING A HOUSE CALL IN THE NEXT COUPLE OF DAYS.
CAN YOU SHARE THE VALUE APPROXIMATELY FOUR DIGITS, FIVE DIGITS? NO, I, I IT JUST, THERE THERE'S CERTAIN, UH, LIMITATIONS ON THE ABILITY FOR PUBLIC DISCLOSURE ON SALES TAX.
THE MORE INFORMATION WE GIVE OUT, THE MORE LIKELIHOOD SOMEBODY COULD FIGURE OUT WHO IT IS.
GEORGE, IS THAT SOMETHING THAT WE COULD SEND TO THE BOARD IN A LEGAL MEMO PERHAPS? UM, SO THAT THEY COULD HAVE MORE INFORMATION? WE COULD PUT IT ON A, A FUTURE EITHER THROUGH A LEGAL, UM, YOU KNOW, UH, LEGAL MEMORANDA OR A SUBSEQUENT EXECUTIVE SESSION.
MOTION TO APPROVE THE REPORT AS IS I SECOND.
MOTION PRESENTED BY VICE CHAIR MORALES, SECONDED BY SECRETARY GONZALEZ.
ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER MORRIS AYE.
WHAT DO I SAY? NO, IT'S 5 5 0.
ALRIGHT, UH, MOVING ON TO AGENDA ITEMS SIX TWO.
DISCUSS AND CONSIDER ACTION REGARDING A FARM LEASE REQUEST FOR THE CORPORATION OWNED PROPERTY AT THE HU OMEGA SITE.
THANK YOU FOR, THANKS FOR COMING.
UM, SO I'VE, YOU KNOW, LEASED YOUR OTHER PROPERTY OVER IN LIMMER LOOP FOR SEVERAL, COUPLE YEARS NOW, THREE YEARS AND TURNED IT, I THINK AROUND, UH, WE'VE, I THINK I'VE DONE A GOOD JOB FOR YOU.
I'VE KEPT THE INSURANCE ALL IN EFFECT AT ALL TIMES AND OTHERWISE COMPLIED WITH THE TERMS OF THE LEASE.
I HAVE NOT, UH, YOU KNOW, I'M A, I'M A VERY, I WOULD GROW LOW VALUE CROPS, SO IF THERE'S DEVELOPMENT OR SOMETHING LIKE THIS, IT DOES NOT IMPACT ME.
I KNOW THAT THERE'S BEEN SOME ISSUES.
UH, Y'ALL MAY HAVE HAD SOME ISSUES IN THE PAST.
FOR EXAMPLE, Y'ALL PUT, UH, THERE WAS A PIPELINE EASEMENT THAT WENT ALL THE WAY THROUGH THE PROPERTY THAT I'M CURRENTLY LEASING FROM YOU.
WE WORKED WITH THE PEOPLE TO GET IT DONE.
[00:10:01]
WE MOVED A LOT OF HAY, WE HELPED THEM OUT AND WE NEVER ASKED ANYBODY FOR ANY COMPENSATION.SO, 'CAUSE WE UNDERSTAND THAT Y'ALL'S PRIMARY PURPOSE IS TO GET DEVELOPMENT, AND THAT'S WHAT WE WANT TO SEE Y'ALL DOING.
AND MY EXPERIENCE HAS BEEN THAT IF I WORK WITH THE PEOPLE WHO ARE DEVELOPING LAND, I, I LEASE A LOT OF LAND FROM DEVELOPERS.
AND IF YOU WORK WITH THE, WITH BOTH GOVERNMENTS THAT DEVELOP LAND AND, AND DEVELOPERS THAT DEVELOP LAND, UH, AND YOU WORK WITH THEM, IN THE END, YOU DO BETTER OFF BECAUSE THEY END UP BUYING MORE LAND AND THEN YOU ARE ABLE TO WORK DEALS WITH THEM ON THAT.
AND IT, IT'S A, EVERYBODY WINS.
SO WHAT I'D LIKE TO DO IS TO BASICALLY DO THE SAME DEAL THAT I HAVE WITH YOU ON THE LIMMER LOOP PROPERTY, UH, WHERE WE WOULD GO IN AND CLEAN UP YOUR PROPERTY, WHICH WOULD KEEP IT FROM HAVING, UH, SO MUCH FIRE DAMAGE.
RIGHT NOW THERE'S A LOT OF DEAD WEEDS OUT THERE.
IT COULD, IT'S SORT OF A FIRE HAZARD.
IT WOULD CERTAINLY BE MORE OF A FIRE HAZARD LATER ON IN THE YEAR.
UM, THE, WE WOULD BASICALLY NO TILL IN SOME, SOME LOW VALUE HAY CROPS.
AND WE WOULD CONTINUE DOING THAT UNTIL Y'ALL HAD A CHANCE TO SELL OR DEVELOP IT.
UH, SO THAT'S WHAT MY PROPOSAL IS.
WE'D PAY YOU THE SAME AMOUNT OF MONEY WE'RE PAYING Y'ALL NOW, WHICH IS $25 AN ACRE A YEAR.
UM, IF Y'ALL WANTED TO GIVE US A LITTLE CONSIDERATION, IF WE'D MAKE A DEAL, MAYBE, UH, MAYBE TWO OR THREE MONTHS WITHOUT HAVING TO PAY THE, YOU KNOW, WITHOUT HAVING TO PAY THE, OR PRORATE IT FOR TWO OR THREE MONTHS SO THAT WE COULD USE THAT MONEY TO CLEAN IT UP.
SO IT'S GONNA BE QUITE EXPENSIVE TO GO IN THERE AND SHRED IT AND GET IT ALL CLEANED UP AND, AND MAKE IT LOOK NICE BEFORE WE CAN EVEN START.
SO THAT'S MY PROPOSAL TO YOU AND IF WE CAN WORK WITH YOU, WE'D BE HAPPY TO DO IT.
UH, ANY QUESTIONS FOR MR. CLICK? GEORGE? WOULD THIS BE SOMETHING YOU JUST, UM, I DON'T KNOW HOW THE, THE CURRENT DEAL WORKS, BUT YOU GUYS WOULD JUST DROP ANOTHER LEASE AGREEMENT ESSENTIALLY? YEAH.
HOW LONG HAVE YOU LEASED THE PROPERTY THAT ON LIER LOOP? IT'S BEEN OVER THREE YEARS I THINK NOW.
'CAUSE I DON'T, I DON'T KNOW THAT THAT WAS REVIEWED BY US, BUT IT, IT WAS, IT WAS, IT WAS REVIEWED BY COUNSEL, BY YOUR ISSUE, YOUR LEGAL COUNSEL, BUT JUST, I DON'T REMEMBER IT.
'CAUSE I, I REMEMBER WE, WE MET, UM, SO THAT, I THINK I MADE A MOTION FOR A LITTLE BIT MORE MONEY, IF I REMEMBER RIGHT.
A LITTLE BIT MORE MONEY, CORRECT? YES, SIR.
SO
MOTION FOR 25 OR WHATEVER IT WAS, BUT YES, EXACTLY.
BUT EITHER WAY YES, WE COULD, YEAH, WE CAN TAKE THE PREVIOUS LEASE AND THEN JUST UPDATE IT AND IT'LL BE FINE.
LEGAL TO BRING BACK, UM, A FARM LEASE FOR THIS PROPERTY ON THE SAME TERMS THAT WE HAVE PREVIOUSLY WITH HIM AND BRING IT BACK FOR OUR NEXT MEETING.
MOTION PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER PORTERFIELD DISCUSSION.
DO YOU WANT ANY HAY TO PAY OR TO, TO FEED YOUR HIPPOS?
IF YOU HAVE SOME HIPPOS, YOU HAVE TO WORD GOT OUT ON FACEBOOK, IT'S TOO MUCH PAPERWORK FOR CONFLICT OF INTEREST OVER.
GOING OUTTA THAT MI MR. CLAY, IF YOU DON'T MIND ME ASKING, DO YOU, DID YOU ALSO USED TO LEASE LAND AROUND THE MAYNARD AREA BEFORE IT ALL GOT DEVELOPED? YES, SIR.
I, I, UH, I LEASED LAND FOR, WELL, I STILL LEASE LAND AROUND THE MAYNARD AREA.
BUT I HAD, UH, BACK IN, THE REASON I, I ENDED UP DOING THAT IS BECAUSE OF THE ORIGINAL PIECE OF LAND I HAD IS NOW PART OF THE, A SUBDIVISION THERE, THE SHADOWLAND SUBDIVISION.
AND IT BELONGED TO INTERNATIONAL BANK OF COMMERCE AT ONE TIME WHERE THEIR INVESTMENT GROUP AND I HAD BACK IN MY BACK WHEN I WAS PRACTICING LAW RATHER THAN FARMING, WHICH WAS A, A CHANGING THE FARMING WAS A VERY GOOD IDEA.
SO THEY, THEY, THEY LET HELPED ME GET THOSE FIRST LEASES THERE.
YEAH, WE PROBABLY KNOW SOME OF THE SAME PEOPLE.
SO, AND I'VE BEEN, AND I'VE BEEN, YEAH, I'VE BEEN, I THINK I'VE, I MEAN, I'VE, BASICALLY WHAT'S HAPPENED IS I'VE WORKED WITH THOSE PEOPLE AND OTHER DEVELOPERS FOR ALMOST 30 YEARS NOW.
ALSO LEASE, UH, QUITE A BIT OF LAND FROM THE CITY OF AUSTIN, AT LEAST THEIR HORNSBY BIN FACILITIES, WHICH IS THEIR MM-HMM
UH, WHERE THEY MAKE THE DILO DIRT AND ALL THAT.
WE PUT OUT COMPOST FOR 'EM AND, AND ALSO LEASE, UH, ABOUT 3000 ACRES OF PASTURE OVER AT WEAVERVILLE THAT THEY OWN.
SO I I'M FAMILIAR WITH DEALING WITH CITIES.
[00:15:01]
YEAH.SO IS THERE ANY THERE DISCUSSION FROM JIM? YEAH.
UM, IS THE INTENT OF THE MOTION TO DIRECT STAFF TO LOOK AT WHAT TYPE OF THAT FINANCIAL COMPENSATION SO THAT MR. CLICK IS COMPENSATED APPROPRIATELY FOR HIM PREPARING THINGS? OR IS THAT SOMETHING THAT, IS MR. CLICK GONNA PROVIDE AS A BID AND THEN WE'LL SAY YAY OR AN NAY? OR IS THIS MY MOTION'S THE SAME TERMS AS THE OTHER ONE.
AND I APPRECIATE HIS UPFRONT COSTS, BUT IN MY MIND, IF WE DO NOTHING, WE DON'T INCUR THOSE COSTS.
AND, UM, AT THE END OF THE DAY, IT'S, WE'RE NOT TALKING THAT MUCH.
UM, AND I'M, I'M GOOD WITH IT.
I'M, WE, WE JUST DO THE OTHER LEAST HE KNOWS I'M TOUGH.
YEAH, HE'S, HE'S A TOUGH NEGOTIATOR.
ANY MORE DISCUSSION BEFORE WE CALL A VOTE? OKAY, CALL A VOTE.
HOPE IT IS, UH, RAIN'S GONNA HELP OUT TO, TO THE NEXT MEETING FOR Y'ALL'S APPROVAL OF IT.
OR WILL THAT BE A PROBABLY NOT, DIDN'T SEEM TO BE MUCH OPPOSITION.
IF YOU NEED TO COME BACK, WE'LL LET YOU KNOW.
AND I'LL WORK WITH YOU TO GET THAT, TO GET THAT DONE.
AND I'LL JUST GONNA SAY THAT I, I WORK, I MEAN, LAWYERING IS HARD ENOUGH.
WELL, IF YOU EVER WANNA CHANGE, UNLESS WE MAKE HIM MAD ENOUGH ONE DAY AND THEN HE JUST WALKS OUT, YOU KNOW, THEY, I WAS VERY, THEY, THEY HAVE NOW GIVEN, BECAUSE I, BECAUSE OF MY AGE AND VAST EXPERIENCE, THE BAR ASSOCIATION HAS NOW GIVEN ME EMERITUS STATUS.
ALRIGHT, UH, MOVING ON TO ITEM SIX THREE, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 4 2 TO APPROVE A SPONSORSHIP FOR THE TEXAS KOREA SUMMIT.
A HU ECONOMIC, OR SORRY, HU ERA HARRIET CHAMBER EVENT.
I CAN TALK IN AUGUST AND APPROVE THE CORRESPONDING BUDGET AMENDMENT.
SO, UM, SENT OUT FOR YOU IN YOUR PACKET WAS THE, UM, SPONSORSHIP LEVELS.
I KNOW WHAT I SENT YOU SAYS THAT THEY'RE SOLD OUT, BUT I DID CONFIRM WITH BILLY THIS WEEK THAT THE TWO SPONSORSHIP LEVELS THAT I, UH, PROPOSED IN THE, THE ITEM REPORT ARE STILL AVAILABLE.
UM, SO I JUST WANTED TO BRING THAT FORWARD.
THE CHAMBER HAD REACHED OUT, UM, TO SEE IF THE BOARD WOULD WANT TO PROVIDE A SPONSORSHIP AT EITHER OF THOSE LEVELS.
SO JUST BRINGING YOU THAT OPPORTUNITY.
WHAT ARE THOSE LEVELS? IT'S THIS RIGHT HERE.
ESSENTIALLY YOU GET, YOU GET FOR $500, WE GET FOUR TICKETS, AND FOR A THOUSAND DOLLARS WE GET FIVE TICKETS.
BUT WE ALSO GET WHAT'S THE SPOTLIGHT? GIVE US AN OPTIONAL REMARKS PANEL SPEAKER AT THE EVENT.
SO FIVE TICKETS AND AN OPTIONAL REMARKS FOR 1,004 TICKETS.
IS THAT CORRECT? IS THIS THE, HOW MANY YEARS HAVE THEY DONE THIS? THIS'LL BE THE SECOND YEAR THAT THEY DO IT.
IT WAS, IT WAS PRETTY, IT WAS PACKED.
SO, UM, THIS YEAR THEY'VE, THEY'VE MOVED IT OUT TO THE EXPO CENTER.
SO WE'RE ANTICIPATING, UH, PRETTY SIZABLE GROUP.
I, I DON'T MIND HAVING SOME, I MEAN, FOR, FOR JUST COST EFFECTIVE, YOU KNOW, POOR TICKETS FOR 500 OR AN EXTRA TICKET FOR ANOTHER 500.
I THINK, I DON'T KNOW IF WE WANT TO HAVE, IF WE'RE LOOKING TO DO A PANEL SPEAKER OPTIONAL, I DON'T KNOW WHAT THE PLANS ARE THAN IN THE PAST, BUT, UM, I'D LIKE TO HAVE SOME CITY OF IDAHO FOOTPRINT THERE.
I THINK IT WOULD BE GOOD JUST FROM A MARKETING BASIS.
AND THIS IS LIKE A 90 MINUTE TO TWO HOUR EVENT, RIGHT? OR YEAH, IT'S FROM FOUR 30 TO EIGHT, I BELIEVE.
SO IT'S A SUBSTANTIAL, IT'S A LONG EVENT.
UM, WE DO HAVE A, A TABLE PLACEMENT AT THE EVENT, SO WE DO HAVE SOME, SOME VISIBILITY BESIDES JUST INDIVIDUALS THERE.
SO I THINK IT'S A GOOD INVESTMENT ON $500 AND FOUR PEOPLE AND WHOEVER THEY ARE.
AND THEN, UH, PLAY A TABLE THERE.
WE'D, WE'D CODE, WE, WE'D, WE'D COME OUT FOR FREE AND, AND CO PRESENT WITH CHENEY ON ALL OF THE NEAT AND INNOVATIVE THINGS THAT WE DO.
AS AN ECONOMIC DEVELOPMENT CORPORATION, SAY GRATIS? YEAH, IT, THAT'S THE, THAT'S THE HEADLINE BECAUSE AUDREY WILL GO, I I'LL VOLUNTARILY VOLUNTEER.
AUDREY, WILL WE WORKING? IT WOULD BE GREAT GRACIOUS.
IF WE WERE TO CHOOSE THE SPOTLIGHT SPONSOR, UM, WOULD YOU GO AS THE PANELIST, CHANEY, OR, I DON'T BELIEVE IT'S A PANEL SPEAKING.
I THINK IT, IT'S MORE OF LIKE A, A SPECIFIC AMOUNT OF
[00:20:01]
TIME TO COMMENT.IT SAYS OPTIONAL REMARKS SLASH PANEL SPEAKER AT THE EVENT.
WELL THEN WOULD YOU BE PREPARED TO DO THAT IF THEY ASKED YOU
AND I'M OKAY WITH THAT AS WELL.
SO WITH THAT AS WELL, I PERSONALLY, I MEAN, I THINK THE SPOTLIGHT SPONSOR IS A MUCH BETTER, UM, OPTION YEAH.
VISIBILITY OPTION THAN, UH, COMMUNITY SPONSOR.
I, I MAKE A MOTION FOR TO APPROVE A SPOTLIGHT SPONSORSHIP FOR THE EVENT.
MOTION PRESENTED BY VICE CHAIR MORALES.
SECONDED BY BOARD MEMBER MORRIS.
UM, ANY DISCUSSION? UH,
IS THAT ENGLISH? THAT WAS KOREAN.
YOU NEED TO TRANSLATE ALL FOR THOSE OF US THAT
ANY OTHER DISCUSSION?
HEARING NONE, UH, WILL CALL THE VOTE VICE CHAIR MORALES AYE.
YOU SHOULD HAVE SAID IT IN KOREANS.
UH, MOVING ON TO ITEM, UH, SIX FOUR CONSIDERATION AND POSSIBLE ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 4 0 TO APPROVE AN EXPENSE AND BUDGET AMENDMENT FOR THE SITE SIGNAGE FOR CORPORATION OWNED PROPERTY.
SO, UH, THIS REQUEST IS PRETTY SELF-EXPLANATORY.
SO WE CURRENTLY DON'T HAVE ANY SIGNAGE OUT AT THE MEGA SITE OR THE COTTONWOOD PROPERTIES, UM, COMMUNICATING THAT IT IS OWNED BY THE EDC AND AVAILABLE FOR PURCHASE AND DEVELOPMENT.
AND SO THAT'S SOMETHING VERY COMMON FOR OTHER DEVELOPERS TO DO AND LANDOWNERS.
SO, UM, I WANTED TO BRING THAT FORWARD AS AN OPPORTUNITY.
AND THEN IN ADDITION TO, UM, SUPPORTING THE RENEWED FOCUS ON OTHER PROPERTY ACQUISITIONS, SO WHAT I REQUESTED IN THE QUOTE WAS FOR, UM, TWO OF LIKE THE V-SHAPED LARGER ONES THAT WE WOULD USE FOR, UM, OR ACTUALLY IT'S THREE, EXCUSE ME.
SO I WAS THINKING TWO OUT OF THE MEGA SITE AND THEN ONE AT THE COTTONWOOD PROPERTIES.
UM, AND THEN FIVE OF THE SMALLER, LIKE THREE BY FIVE FOOT THAT YOU WOULD SEE MORE FOR LIKE A SMALLER COMMERCIAL FLEX AREA THAT MIGHT BE HELPFUL FOR US IN OUR MM-HMM
UH, CURRENT AND FUTURE LAND ACQUISITIONS.
SO TO HELP MARKET THOSE PROPERTIES, WHAT WOULD THE SIGN SAY? BUY ME? YEAH.
BUY ME? NO, JUST, UM, PROBABLY WHAT THE USE TYPE IS, LIKE, WHAT WE'RE, WHAT WE'RE LOOKING TO SEE FOR SOME OF THE MORE SPECIFIC PROPERTIES WE MIGHT SUGGEST.
A LIST OF PREFERRED USES, ANYTHING LIKE THAT WE WOULD BE ABLE TO COMMUNICATE, UH, AS WELL AS CONTACT INFORMATION IF SOMEONE IS INTERESTED.
WE OBVIOUSLY LIST THESE PROPERTIES ON OUR EDC WEBSITE AS WELL, BUT, UM, THERE'S A LOT OF CAR TRAFFIC IN THE AREA AND I THINK IT'D BE GREAT FOR US TO SHOW ONE, OUR INVESTMENT IN THE COMMUNITY AND THEN ALSO FOR, TO ADVERTISE HOW, HOW PEOPLE CAN REACH OUT AND FIND OUT MORE INFORMATION ABOUT THE PROPERTY.
YEAH, LIKE FOR MEGASITE WE WOULD SAY INDUSTRIAL LAND FOR SALE, UM, HEDC, OWNED CONTACT WHOMEVER.
AND MAYBE THE, LIKE THE ACREAGE AMOUNT AND THINGS LIKE THAT THAT'S AVAILABLE SO THAT PEOPLE WOULD HAVE JUST THE BARE BONES OF WHAT THEY NEED TO SAY.
AND UH, EXECUTIVE SIGNS AND FAST SIGNS ARE THE TWO VENDORS YOU'VE ENGAGED SO FAR? YES.
IN EXECUTIVE SIGNS, WE GOT THE BID BACK AND I SHARED THAT.
AND THEN AFTER PUBLICATION I GOT THE OTHER BID AND IT WAS TWO AND A HALF TIMES THAT ONE.
SO, UM,
SO THOSE WERE THE TWO RESPONSES THAT I HAD, SO.
WHAT ABOUT THOSE PEOPLE? THE, THE PRINT FOLKS THAT CAME? ALPHA GRAPHICS? WELL, THEY AREN'T HERE YET, SO I DON'T KNOW THAT WHEN THEY WOULD BE ABLE TO, TO PROVIDE THAT.
WELL, THEY HAVE THE OFFICE IN AUSTIN, SO, YEAH.
SO ON THIS ONE I THINK WE MIGHT BE TOO EARLY TO, TO BUY SIGNS.
AND THE REASON I SAY IT IS COTTONWOOD, WE HAVE 70 ACRES UNDER CONTRACT.
WE HAVE THE NORTH SIDE WE'RE DEALING WITH, UM, POLICE MM-HMM
[00:25:01]
SO FROM A STANDPOINT OF WHO'S GONNA DRIVE BY THERE, EVERYBODY WHO'S IN THE BUSINESS KNOWS THAT LAND IS FOR SALE.AND SO WE'RE NOT REALLY, IT'S REALLY NOT FOR CAR TRAFFIC, IT'S MORE FOR BROKERS AND THEY KNOW.
AND THEN THE SAME ARGUMENT I WOULD HAVE FOR THE MEGA SITE.
EVERYBODY KNOWS THAT LAND IS FOR SALE.
AND SO WE HAVE MULTIPLE OFFERS AS IT IS THAT COMES IN.
AND SO THE REASON I THINK WE'RE EARLY, THOSE I WOULDN'T BE IN FAVOR OF, IS THE, UM, THE PART, WE ONLY OWN ONE PARCEL DOWNTOWN, BUT PENDING THE SECOND PARCEL, WHAT THAT LOOKS LIKE, I THINK NEEDS TO BE TALKED ABOUT WHAT GOES ON THAT SIGN.
IT WOULD BE MORE THAN JUST FOR SALE, BUT, AND, UM, UH, I, I DON'T REMEMBER HOW MUCH IT WAS, BUT IF IT WAS MORE THAN A DOLLAR, THEN THAT WOULD PROBABLY NOT BE NOW YOU BEING A COMMERCIAL BROKERAGE, YOU MAY, YOU MAY DIFFER ON THAT, BUT, UH, YEAH, I DO DIFFER ON THAT ONLY BECAUSE I'VE HAD SEVERAL PEOPLE ASK ME, DO YOU KNOW ABOUT ANY INDUSTRIAL LAND FOR SALE IN HU? YEAH.
THOSE AREN'T BROKERS, RIGHT? THOSE ARE, THOSE ARE BROKERS.
I THINK THE MISCONCEPTION IS THAT, YOU KNOW, THE, THE OTHER USERS CAME IN AND ARE DEVELOPING IT AND THEN THEY THINK IT'S GONE.
THEY DON'T THINK THERE'S ANY LEFT.
BECAUSE THEY SEE ALL THE STUFF ON THE FRONTAGE THAT'S GETTING DONE AND THEY'RE LIKE, OH, SO IT'S DONE.
SO I MEAN, WE EITHER INVEST IN SOME SIGNAGE OR SOME ALTERNATIVE, YOU KNOW, DIGITAL MARKETING THAT MIGHT HELP.
BUT I, I WOULD THINK, I THINK THE MEGASITE HAS THE MOST AWARENESS OF ALL THE ONES THAT WE'RE DISCUSSING HERE.
UM, BUT THE, THE COTTONWOOD, FOR INSTANCE, WHAT PEOPLE KNOW ABOUT THAT IS ONLY A PORTION OF IT.
AND MAYBE THEY DON'T KNOW THAT THERE'S, YOU KNOW, AS MUCH OTHER, YOU KNOW, OPPORTUNITY LEFT.
LIKE IF OFFER CAME IN FOR COTTON WITH, LET'S SAY FOR EXAMPLE, NEXT MONTH, WOULD WE BE READY TO GO INTO A CONTRACT WITH THEM OR WOULD WE NEED TO WAIT TO UNDERSTAND FULLY WHAT FIDELIS IS GONNA DO? BECAUSE IF THE ANSWER IS NO, WE COULD GO INTO A CONTRACT IN A MONTH.
BUT IF IT'S LIKE, WELL WE NEED TO WAIT AND SEE HOW IT SHAPES OUT, WELL THEN WE'RE LISTING SOMETHING THAT WE'RE JUST THERE TO TELL PEOPLE.
LIKE IF YOU GET GOOD ENOUGH QUALITY SIGNS, THEY'LL PROBABLY LAST FOR ABOUT FOUR YEARS AND YOU GOTTA REPLACE 'EM.
DO WE WANNA, DO WE THINK WE'RE GONNA NEED A COUPLE MORE YEARS BEFORE WE'RE REALLY PUTTING IT OUT THERE? UM, JUST SAVE THE MONEY ON HAVING TO REPLACE THEM.
I HAVE A QUESTION ABOUT THE SIGNS THEMSELVES.
IS EACH SIDE EIGHT BY 12? YEAH.
OR ARE THEY EIGHT BY SIX AND THEN AN EIGHT BY SIX? THAT'S TWO EIGHT BY TWELVES TO TOGETHER.
THAT'S A LOT OF, THAT'S A LOT OF IT'S A BIG SIGN.
YOU GOTTA BE ABLE TO SEE IT FROM.
YOU WANT PEOPLE TO BE ABLE TO SEE IT AS THEY'RE DRIVING BY.
THAT'S THE OTHER THING IS LIKE SPEED AND, AND THEN WE HAVE THE SMALLER THREE BY FIVE.
DO WE HAVE ANY IDEA FOR POTENTIAL LOCATIONS OR WE GONNA WAIT TILL THEY COME IN AND THEN DECIDE, BECAUSE IT SEEMS LIKE WE SHOULD HAVE AN IDEA OF WHERE THESE ARE GOING.
YOU'LL WANNA TELL THEM WHERE YOU WANT IT WHEN YOU ORDER 'EM.
PROBABLY 'CAUSE THEY'LL HANDLE INSTALLATION.
SO, AND THEN WHAT, WHAT'S THEIR TURN TIME WITHOUT, YOU KNOW, NOT, NOT GETTING ANY, UM, LESS EXPEDITED COSTS IN THERE.
SO MY QUESTION IS, YOU KNOW, UM, I'M KIND OF LIKE LEANING TOWARDS WHAT MIKE WAS SAYING, THAT OKAY, DEVELOPERS, I KNOW THAT THEY MAY NOT KNOW, BUT THEY MAY NOT KNOW UNLESS THEY DRIVE BY THE SIGN AND NOT A WHOLE LOT OF DEVELOPERS ARE DRIVING BY SIGNS OUT IN HATO TAYLOR OUT THIS WAY.
SO, UM, I'M THINKING, I'M NOT KIBOSHING THE IDEA, BUT COUPLING IT WITH, AGAIN, POSTING ON LINKEDIN, I SEE A LOT OF POSTS FROM SOME OF THE OTHER MUNICIPALITIES, TRAVIS, UM, DOWN SOUTH, THEY POST, THEY POST ON THERE AND THEY SAY LAND FOR SALE AND A LOT OF DEVELOPERS COMMENT.
SO WE'VE GOTTA COUPLE WITH SOCIAL MEDIA, ELECTRONIC, UM, GET THE WORD OUT THAT WAY.
I'M JUST NOT SO SURE HOW MANY DEVELOPERS ARE GONNA BE DRIVING BY AND THEN THEY'RE SAYING, OH MY GOD, I DIDN'T REALIZE THIS WAS AVAILABLE IN
THAT THEY WOULD BE, WE WOULD BE DRAWING THAT MANY MORE.
WOULD IT HELP MAYBE TO DISCUSS WHERE WE WOULD PUT THEM FIRST AND THEN THAT WAY WE CAN KIND OF GAUGE THE VISIBILITY THAT IT WOULD YEAH.
I MEAN OBVIOUSLY IT'S US 79 IS THE CORRIDOR.
SO WHETHER IT'S ON COTTONWOOD OR MEGASITE, THEY ALL SHOULD BE ON FOOTAGE.
I THINK, I MEAN THERE ARE A LOT OF PEOPLE ON LIMMER TOO, SO IT'S NOT, YOU KNOW, WELL MAYBE THOSE ARE THE THREE BY OR ONE OF 'EM.
SO YEAH, WHERE THEY'RE LOCATED IS, IS HUGE.
[00:30:01]
LOOP WILL BE COMING ONLINE 18 MONTHS, END OF THE YEAR.SO THAT'S, I WOULD ALSO SAY FROM A LEGAL STANDPOINT, ONE OF THE THINGS WE STILL NEED TO GET ON IS WE NEED TO GET LIKE EASEMENTS, ACCESS EASEMENTS, ALL THE THINGS WORKED OUT BECAUSE BEFORE WE'VE HAD, WE WANNA SELL OFF 10 ACRES HERE, BUT HOW ARE THEY GETTING ACCESS? SO FROM A DEVELOPMENT STANDPOINT, I THINK AT THIS POINT WE JUST HAVE LAND AND A ROAD.
AND SO PART OF THE THING I THINK WE HAVE SOMETIMES HAPPEN IS PEOPLE COME IN WANTING LAND, BUT WE DON'T HAVE EVERYTHING FIGURED OUT QUITE YET.
AND SO I THINK IF WE WERE A DEVELOPER, WE'D HAVE, I'M ACTUALLY GOING TO THIS NOW WHERE SOMEONE STARTED SELLING LOTS BEFORE THEY GOT THE ACCESS.
SO NOW PEOPLE HAVE LOTS THAT ARE PLATTED WITHOUT ACCESS.
AND SO NOW WE'RE TRYING TO GO BACK IN AND PUT ACCESS OVER THESE LOTS.
WE WOULDN'T MAKE THAT MISTAKE, BUT WE WOULD BE IN THE MIDDLE OF IT.
AND I THINK WHAT HAPPENS IS IN PEOPLE END UP GETTING WHERE THEY WANT THE ACCESS TO GO AND THEN WE DON'T WANNA LOSE A DEAL.
BUT IF YOU'RE A DEVELOPER, HERE'S THE ACCESS EASEMENT, HERE'S HOW IT'S GONNA GO.
SO I THINK SOME OF THOSE THINGS WE STILL NEED TO GET THROUGH TO WHERE I AGREE.
I I THINK THAT THAT WAY WE'RE READY.
'CAUSE OTHERWISE, UNLESS YOU GUYS ARE BORED, BUT IF YOU HAD A WHOLE BUNCH OF PHONE CALLS, I JUST DON'T KNOW WHAT THAT WOULD LEAD TO AT THIS POINT.
WELL CAN WE POSSIBLY ALIGN IT WITH WHEN THE COTTONWOOD MIGHT START THEIR ADV ADVERTISEMENTS OF, YOU KNOW, GETTING TENANTS AND THINGS LIKE THAT FOR THAT DEVELOPMENT? YEAH.
UH, WHAT I WOULD SAY ABOUT THAT IS THEY DON'T OWN THE LAND, SO THEY'RE NOT GONNA PUT, THAT'S WHAT I, BUT YEAH, I MEAN THEY WOULD PUT IT UP.
THEY CAN'T PUT AFTER THEY CLOSE ON THE PROPERTY RIGHT NOW.
WHAT'S THAT? DO YOU THINK THAT AFTER THE COTTONWOOD DEVELOPMENT CLOSES THAT WOULD BE A MORE ADVANTAGEOUS TIME OR BEFORE THAT? OH YEAH.
WELL ONE, I THINK TWO THINGS I'D SAY WHEN I BUY EXTRA LAND AT WORK, WE DON'T ACTUALLY MARKET IT UNTIL WE ARE ALREADY IN CONSTRUCTION BECAUSE BUYING RAW LAND NEXT TO NOTHING OR WHAT COULD COME IS ONE PRICE.
FREQUENTLY WHEN WE START GOING VERTICAL, THEN THE FUND RINGS OFF THE HOOK.
WE VERY RARELY PUT A SIGN OUT.
UM, WHEN WE DO, IT'S MOSTLY TO TELL PEOPLE NO, 'CAUSE WE'RE LOOKING FOR THE HIGHEST DOLLAR PAYER.
AND SO I WOULD SAY THE SAME THING COULD HAPPEN IF YOU WAITED UNTIL THE FIRST 18 ACRES WENT UNDER CONSTRUCTION AND THAT HIT THE NEWS, THEN EVERYBODY'S GONNA WANT TO PAY, BUT THEY'LL PAY MORE THAN WHAT THEY WOULD'VE TODAY OR TOMORROW.
AND THE SAME WITH THE MEGA SITE.
IF YOU GET WHATEVER THE LIVE OAKDALE'S CALLED.
UM, BUT IF YOU GET THEM TO GO VERTICAL WITH SOMETHING, THEN ALL OF A SUDDEN THAT SPURS MORE PEOPLE WHO I WOULD THINK THEN WOULD PAY ANOTHER DOLLAR OR TWO.
OR HYPOTHETICALLY WE HAVE A PROJECT THAT MAY TAKE UP MOST OF THE LAND THAT WE HAVE AND SO THEN WE'D BE MARKETING LAND THAT ALREADY WANTING AT SOME PRICE.
BUT WHAT'S THAT TIMEFRAME FOR THE COTTONWOOD TO START GOING VERTICAL?
UH, IT REALLY JUST DEPENDS ON WHEN WE CAN NAIL DOWN THE DESIGN FOR THE INTERSECTION AT 79 AND 1 32.
THEY, THEY MIGHT BE IN HORIZONTAL IN 12 MONTHS.
SOMETHING WE WANT POTENTIALLY PAUSE FOR A YEAR.
OR IS IT THE URGENCY? I WOULD JUST SAY INDEFINITELY UNTIL, 'CAUSE AGAIN, WE HAVE A COUPLE THINGS THAT MAY HAPPEN THAT ALL OF SUDDEN, I MEAN REVIEW BACK IN A YEAR.
I MEAN SOMETHING COULD FALL BACK.
UM, FIDEL'S DID SAY TODAY THAT WE ARE FURTHER AHEAD IN THE PROCESS OF THE INTERSECTION THAN THEY THOUGHT WE WERE.
SO THEY MAY, YOU KNOW, THEY MAY GO TO A POINT TO WHERE ALL OF A SUDDEN IT MAKES SENSE FOR US.
I JUST THINK WE'RE ANNOUNCEMENT AWAY ON EITHER SIDE HONESTLY, FROM MAXIMIZING WHAT WE'RE GONNA GET.
UH, BACK TO COUNCIL, UH, BOARD MEMBER GONZALEZ.
ARE WE PUSHING ANYTHING OUT IN LINKEDIN OR SOME OF THESE PROFESSIONAL REAL ESTATE DOMAINS? WE, WE HAVEN'T POSTED ANYTHING ON LINKEDIN REGARDING LAND AVAILABILITY.
UM, WE HAVE IN THE PAST ADVERTISED IN LIKE THE TEXAS REAL ESTATE BUSINESS JOURNAL.
I THINK THEY DO A SPECIAL ISSUE ON INDUSTRIAL DEVELOPMENT.
SO WE HAD ADVERTISE THE MEGASITE IN THERE.
WE HAVEN'T ADVERTISED IN THE A BJ YET.
UM, WE'VE DONE COMMUNITY IMPACT, BUT PRIMARILY FOR THE ARTICLES DO ENOUGH I THINK IN THE A BJ, WHICH WE'VE HAD SOME.
WHAT THE ARTICLES KIND OF DO YOU JUSTICE ALREADY WITH THAT KIND OF EXPOSURE? OKAY.
I'M NOT A MARKETING PERSON, I WAS JUST THINKING YEAH, BUT THERE ARE PLENTY.
BUT, BUT HAVING SOMETHING OUT THERE IN LIEU OF THE SIGNS, YOU KNOW, THE 10 KI DON'T KNOW WHAT, I DON'T ANYONE KNOW.
I DON'T KNOW WHAT THE BANK FOR THE BUCK IN RETURN AND HOW LONG THAT TAKES OR ANYTHING LIKE THAT.
BUT I DO THINK THAT GETTING SOMETHING OUT THERE MAY MAYBE THE, MAYBE IT IS A BOARD MEMBER.
SCHNEIDER SAID SCHNEIDER, UM, WHAT WOULD EVERYBODY KNOWS ABOUT IT.
WHAT WOULD WE THINK ABOUT JUST ADDING
[00:35:01]
ONE OR TWO MORE DIGITAL MARKETING ELEMENTS FOR NOW AND THEN NEXT YEAR WE CAN REVISIT THE PHYSICAL SIGNAGE COMPONENT OF THAT OR, I MEAN, HONESTLY, I HAVE TO FIND ALL MYSELF ON MY OWN.SO I DON'T EVER PAY ATTENTION TO THAT STUFF.
AND MOST OF THE TIME PEOPLE NEVER CALL YOU BACK.
THERE MAY BE EVEN A LOWER COST THING TO WHERE, I MEAN, I SAW THE CHAMBER DO THIS AND THERE WAS A WHOLE BUSLOAD, THERE WAS LIKE 60 PEOPLE CAME TO THIS DEAL.
YOU COULD JUST GO OUT AND SPEND 300 BUCKS ON BREAKFAST TACOS AND COFFEE AND GET EVERYBODY THERE ON THE SPINE ROAD AND HAVE THEM COME OUT AND JUST DRIVE DOWN THAT ROAD AND TALK ABOUT EVERYTHING THAT'S GOING IS COMING AND HOW THE PEOPLE SEE IT.
I DON'T KNOW IF THAT STUFF WORKS OR NOT, BUT YOU COULD INVITE BROKERS, DEVELOPERS, SPECULATORS, STUFF LIKE THAT TO WHERE I THINK, 'CAUSE I'LL BE HONEST, I THINK EVERYBODY SEES LIKE LOOPNET, YOU GO THROUGH EVERYBODY SEEING WHAT'S FOR LISTED AND I JUST DON'T KNOW ANYBODY THAT PAYS ATTENTION.
'CAUSE THAT'S WHAT EVERYBODY DOES.
SO ME, I'M KIND OF ANTI LIKE A TOOLBOX ALL THE ADVERTISING STUFF BECAUSE I JUST GET, THERE'S SO MUCH OF IT THAT YOU END UP STILL, I STILL CALL THE PEOPLE AND ASK 'EM LIKE, HEY, CAN YOU TELL ME MORE ABOUT THIS? EVEN THOUGH IT'S ON THE PAPER.
AND WHEN THEY TELL ME, JUST LOOK AT THE FLYER THEN I KNOW I'M TALKING TO SOMEBODY THAT WON'T EVEN NOT EVEN INTERESTED IN SELLING THE LAND.
BUT WELL, THIS LINKEDIN EVENT THAT WE'RE HAVING HERE ON WEDNESDAY, A LOT OF DEVELOPERS WILL BE THERE.
I'M GONNA TELL YOU THIS, UH, LINKEDIN EVENT.
THIS, UH, GLEN HAS IT ALL OVER TOWN.
WHO'S GOING, HE'S THE ONE THAT, HE'S AN ARCHITECT BY EDUCATION.
AND HE LAUNCHED HIS AND WHAT HE DOES, HE EXACTLY WHAT YOU JUST DESCRIBED, HE BRINGS PEOPLE, DEVELOPERS, ARCHITECTS, ENGINEERS.
HE DID A BUS RIDE IN TAYLOR ONCE.
AND HE HAS GONE TO TAYLOR A COUPLE OF TIMES.
THIS WILL BE THE SECOND TIME HERE IN IDAHO.
HE HAS BUS TOURS DOWNTOWN TO FEATURE NEW BUILDINGS AND DEVELOPERS.
I'M TELLING YOU, DEVELOPERS, ARCHITECTS, SO THEY GOT MONEY BECAUSE THAT'S A PROBLEM I'M RUNNING INTO DEVELOPERS WITHOUT MONEY.
ANOTHER, SO YOU MAY WANT TO CONSIDER IS WHAT IF IT WAS YOUR HU ECONOMIC DEVELOPMENT CORPORATION AT WORK, 240 ACRES FOR SALE, BLAH, BLAH, BLAH.
SO THAT PEOPLE THAT YOUR REGULAR PEOPLE WALKING AROUND ARE SAYING, HEY, YOU KNOW, THE HOW DO ECONOMIC DEVELOPMENT CORPORATION IS ACTUALLY DOING SOMETHING BECAUSE THEY'RE THE ONES, YOU KNOW, YOUR, YOUR, YOUR JOE CITIZEN THAT IS ON 79 MAY NOT UNDERSTAND THAT THIS IS ACTUALLY ALL THAT PROPERTY IS OWNED BY THE ECONOMIC DEVELOPMENT CORPORATION IS AVAILABLE TO, YOU KNOW, REDUCE TAXES, YOU KNOW, OR WHATEVER THE CASE MAY BE.
THERE, THERE MAY BE A, A BENEFIT TO MARKETING THE ECONOMIC DEVELOPMENT CORPORATION AS THE SECONDARY EVENT OF NOT JUST OFFERING THE SALE, BUT ALSO PUSHING THE FACT THAT IT'S THE, YOUR ECONOMIC DEVELOPMENT CORPORATION TAX DOLLARS AT WORK.
WELL, THAT'S WHAT WE, THAT'S WHAT THIS LINK GLEN HAS DONE OF, UH, THEY HAD A PANEL DISCUSSION, RIGHT? CHANEY AND YOU WERE PART OF IT, AND THERE WERE PEOPLE FROM ALL THE MUNICIPALITIES AND THEY PROMOTED AND DISCUSSED THE KEY EVENTS IN INITIATIVES GOING ON IN LIBERTY HILL AND GEORGETOWN AND CEDAR PARK AND LEANDER.
AND SO A LOT OF PEOPLE COME LIKE, YOU KNOW, A HUNDRED, 200 PEOPLE WILL SHOW UP AND THEY'LL DRIVE BECAUSE THEY WANNA KNOW WHAT'S GOING ON.
AND THIS IS WHERE I'M SAYING THE DEVELOPERS COME AND DEALS ARE MADE.
SO IT SOUNDS LIKE, UM, WE WANNA LOOK AT SOME DIFFERENT OPTIONS INSTEAD OF SITE SIGNAGE IS WHAT I'M GATHERING FROM THIS GROUP.
SO WHY DON'T WE JUST COME BACK TO, WE'RE PROBABLY NOT GONNA TAKE ACTION ON THIS AGENDA ITEM.
IS THAT NO ACTION TAKEN ON ITEM SIX FOUR? ANY DISCUSSION? OKAY.
UH, I CAN MOVE ON TO ITEM SIX FIVE.
UH, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 4 1 APPROVING A BUDGET AMENDMENT OF THE CORPORATION REDUCING BUDGETED LAND SALE REVENUES.
CHRISTINA BISHOP, AGAIN, ASSISTANT FINANCE DIRECTOR FOR THE CITY.
THIS IS REALLY JUST A HOUSEKEEPING BUDGET AMENDMENT ITEM.
WHEN WE DEVELOPED THE BUDGET THIS YEAR, WE BUDGETED FOR THREE LAND SALES AT ABOUT $38 MILLION.
UH, WE'RE JUST TRYING TO CLEAN UP WHAT'S ACTUALLY GONNA HAPPEN RIGHT NOW.
UH, SO AS YOU KNOW, ONE SALE HAS CLOSED FOR ABOUT 6.8 MILLION.
ONE SALE DID NOT MATERIALIZE, AND ONE SALE IS NOT GOING TO REALISTICALLY HAPPEN THIS FISCAL YEAR.
SO WE WOULD LIKE TO PROPOSE A BUDGET AMENDMENT TO REDUCE THE REVENUE BY $30,108,761.
UH, THESE LAND SALES WERE NOT INCLUDED IN YOUR PROJECTIONS FOR YOUR ENDING FUND BALANCE THIS YEAR,
[00:40:01]
NOR HAVE WE INCLUDED THEM IN YOUR PROPOSED BUDGET FOR NEXT FISCAL YEAR.STAFF HAS DECIDED GOING FORWARD, UH, WE WILL JUST BRING FORWARD BUDGET AMENDMENTS FOR LAND SALES AFTER THEY ACTUALLY OCCUR.
SO WE'RE NOT TRYING TO SPEND MONEY THAT MAY OR MAY NOT BE REALIZED.
UH, SO HAPPY TO ANSWER ANY QUESTIONS ON THAT.
MOTION TO APPROVE RESOLUTION R DASH HEDC DASH 2026 DASH 0 4 1 IS PRESENTED SAGA MOTION PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER MORRIS.
ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE.
MOVING ON TO AGENDA ITEM SIX SIX, DISCUSS AND CONSIDER ACTION TO APPROVE RESOLUTION R DASH HEDC DASH 2026 DASH 0 4 3 TO APPROVE THE EXPENSE AND BUDGET AMENDMENT OF A TABLE AT THE CHAMPION'S LUNCHEON, HOSTED BY THE WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP.
SO SIMILARLY TO THE CENTRAL TEXAS KOREA, UH, EVENT THAT THE CHAMBERS ARE HOSTING.
UM, AS MENTIONED IN MY DIRECTOR COMMENTS, UH, THE WILCO EDP IS HOSTING THEIR ANNUAL CHAMPIONS LUNCHEON IN AUGUST THIS YEAR.
THEY'RE OFFERING TABLE, UH, PURCHASES FOR $500 FOR A TABLE OF EIGHT.
UM, SO JUST OFFERING THAT UP IF THAT'S SOMETHING THAT THIS BOARD WOULD LIKE TO DO.
THIS IS THE SAME ONE AS LAST YEAR THAT I MM-HMM
IS THAT YOUR MOST? IS THAT YOUR MOTION? I MAKE A MOTION TO ACCEPT RESOLUTION.
R-H-E-D-C DASH 2 0 2 6 0 4 3 AS PRESENTED.
MOTION PRESENTED BY BOARD MEMBER MORRIS.
SECONDED BY BOARD MEMBER PORTERFIELD.
HEARING NONE WILL CALL THE VOTE BOARD MEMBER SNYDER.
MOVING ON TO AGENDA ITEM SIX SEVEN.
DISCUSS AND CONSIDER ACTION TO APPROVE THE MEETING MINUTES FROM THE REGULARLY SCHEDULED HU ECONOMIC DEVELOPMENT CORPORATION MEETING HELD ON JUNE 8TH, 2026 AND THE JOINT CITY COUNCIL AND HU ECONOMIC DEVELOPMENT CORPORATION ON JULY 2ND, 2026.
MOTION, UH, PRESENTED BY BOARD MEMBER SNYDER SECONDED BY BOARD MEMBER MORRIS.
ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER PORTERFIELD AYE.
THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SESSION PURSUANT TO THE TEXAS GOVERNMENT CODE SECTION 5 51 DASH 0 7 1 ATTORNEY CONSULTATION, 5 51 0.087 ECONOMIC DEVELOPMENT AND, UH, 5 5 1 0.072 REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING THE FOLLOWING ECONOMIC DEVELOPMENT PROJECTS.
PROJECT CORE, THE MEGASITE PROJECT PROJECT GOTHAM PROJECT HOLT PROJECT BLUE HUB PROJECT HEARTBEAT PROJECT, AIR PROJECT ORCHARD PROJECT SHRINE PROJECT CRAWFORD PROJECT 1 0 7 EAST STREET, POTENTIAL REAL ESTATE TRANSACTIONS, THE INCENTIVE AGREEMENT FOR HU HOSPITALITY, THE PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES IN ANY RELATED INCENTIVES.
LITIGATION WITH MIDWAY INFRASTRUCTURE PROJECTS IMPACTING CORPORATION OWNED PROPERTY, ALCOHOL ZONING FOR THE CITY OF HU, PROPOSED HU FIRE STATION NUMBER ONE AND THE EVALUATION AVAILABLE CORPORATE FUNDS FOR INCENTIVES.
OKAY, THE TIME IS 10:21 PM A BOARD WILL NOW RECONVENE AN OPEN MEETING.
UM, MOVING ON TO, UH, SECTION EIGHT, AGENDA ITEM EIGHT ONE, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH EDC DASH 2026 DASH THREE TWO TO APPROVE AN ECONOMIC DEVELOPMENT PERFORMANCE AGREEMENT FOR AN INCENTIVE IN SUPPORT OF PROJECT BLUE HUB.
I THINK WE'RE GONNA POSTPONE FROM THIS ONE TO THE AUGUST MEETING BASED ON THE DISCUSSION AND EXECUTIVE SESSION WITH SOME MORE DETAILS TO BE DETERMINED.
SO NO ACTION TAKEN ON ITEM EIGHT ONE.
MOVING ON TO ITEM EIGHT TWO, DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH 0 4 4 TO APPROVE AN INCENTIVE FOR PROJECT 1 0 7 EAST STREET.
[00:45:01]
THAT'S YOU.SO, UM, MOTION TO DRAFT E-D-P-D-A-E-D-P-A 4 1 0 7 E STREET FOR AN AMOUNT NOT TO EXCEED 140002ND MOTION PRESENTED BY VICE CHAIR MORALES.
SECONDED BY BOARD MEMBER PORTERFIELD.
ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER SNYDER AYE.
MOVING ON TO AGENDA ITEM EIGHT THREE CONSIDERATION AND POSSIBLE ACTION RELATED TO EXECUTIVE SESSION AGENDA ITEMS LISTED ABOVE.
UM, I'D LIKE TO MAKE A MOTION TO PROCEED WITH AN RFP FROM BOOT SYBIL FOR THE RIGHT OF WAY OPTIMIZATION PROJECT.
MOTION PRESENTED BY, UH, VICE CHAIR MORALES.
SECONDED BY BOARD MEMBER MORRIS.
ANY DISCUSSION? AND THIS IS FOR FARLEY FROM 1660 GOING TO WEST.
CALL THE VOTE BOARD MEMBER PORTERFIELD AYE.
MOTION TO AUTHORIZE AND DIRECT STAFF TO DRAFT A LETTER OF RECOMMENDATION, UH, TO CITY COUNCIL REGARDING THE STATE HIGHWAY ONE 30 FRONTAGE ROAD, UM, PROJECT FROM LIMMER LOOP 2 79.
AND THAT'S ON THE SOUTHBOUND SIDE, RIGHT? THAT'S CORRECT.
MOTION PRESENTED BY VICE CHAIR MORALES.
SECONDED BY BOARD MEMBER SNYDER.
ANY DISCUSSION? OKAY, WE'LL CALL THE VOTE SECRETARY GONZALEZ AYE.
MOTION PASSES FIVE ZERO MS. VICE CHAIR.
I'D LIKE TO MAKE A MOTION THAT THE EDC ENGAGE WITH THE CITY ON THE CITY COUNCIL FOR AN A FA AH, THAT IS FOR AN EDC FUNDED SIGNAL WORK FOR LIVE OAK AND ED SCHMIDT NOT TO EXCEED 500,000.
AND I'VE GOT THE WRONG, THAT'S NOT LIVE OAK.
1 32 AND 79 INTERSECTION 1 3 2 AND 79.
YEAH, FOR AN A FA LEMME LEMME START THIS OVER THAT WE DIRECT EDC STAFF TO WORK WITH THE CITY AND THE CITY COUNCIL AND, AND ENGAGE HIM FOR AN EDC FUNDED AN A FA AGREEMENT FOR UP TO $500,000 FOR A SIGNAL FOR COUNTY ROAD 1 32 AND 79.
HOW'S THAT? IS THAT BETTER? RIGHT.
INTERSECTION? THAT'S WHAT WE CARE ABOUT.
MOTION PRESENTED BY BOARD MEMBER SNYDER.
SECONDED BY BOARD MEMBER PORTERFIELD.
HEARING NONE WILL CALL THE VOTE BOARD MEMBER MORRIS AYE.
AND THEN I'D LIKE TO MAKE A MOTION THAT WE DIRECT EDC STAFF TO BRING BACK A CONTRACT FOR THE DEMOLITION OF 1 0 7 MAIN STREET.
MOTION PRESENTED BY BOARD MEMBER SNYDER.
SECONDED BY BOARD MEMBER PORTERFIELD.
WELL, HEARING NONE WE'LL CALL THE VOTE BOARD MEMBER PORTERFIELD AYE.
UM, I'D LIKE TO MAKE A MOTION THAT WE ENGAGE, I FORGET THE CONSULTANT NAME, BUT THE ONE THAT WAS A, UM, A PREVIOUS FIREFIGHTER, POLICE CHIEF AND CITY MANAGER TO, UM, HIRE THEM FOR MEDIATION WITH ESD THREE.
[00:50:01]
PRESENTED BY BOARD MEMBERS SNYDER.SECONDED BY BOARD MEMBER PORTERFIELD.
HEARING NONE WILL CALL THE VOTE VICE CHAIR MORALES AYE.
I HAVE A MOTION, UH, TO DIRECT LEGAL TO ENGAGE THE CONSULTANT REGARDING THE HU FIRE STATION.
NUMBER ONE AND DEVELOP INFORMATION GIVEN IN EXECUTIVE SESSION.
SECOND MOTION PRESENTED BY VICE CHAIR MORALES.
SECONDED BY BOARD MEMBER MORRIS.
HEARING NONE WILL CALL THE VOTE BOARD MEMBER PORTERFIELD AYE.
I'D ALSO LIKE TO MAKE A MOTION TO ESTABLISH AN AD HOC COMMITTEE TO PROMOTE AN ELECTION FOR UPDATING THE ALCOHOL ZONING IN JP FOUR.
UH, THIS IS YOUR AUTHORITY, IS THAT YOU CAN JUST SAY, I HEREBY A POINT.
AND I'M APPOINTING MYSELF AND, UH, VICE CHAIR MORALES AND SECRETARY GONZALEZ TO BE PART OF THIS AD HOC COMMITTEE PROMOTING ELECTION FOR UPDATING ALCOHOL ZONING IN JP FOUR.
UM, WITH THAT SAID, I'D LIKE TO MAKE THE MOTION TO DIRECT LEGAL AND STAFF TO TAKE APPROPRIATE STEPS TO PROMOTE AN ELECTION FOR UPDATING ALCOHOL ZONING IN JP FOUR.
MOTION PRESENTED BY VICE CHAIR MORALES.
SECONDED BY SECRETARY GONZALEZ.
ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE.
UH, ANY OTHER MOTION OR ACTIONS RELATED TO EXECUTIVE SESSION AGENDA ITEMS, ALL THAT DONE BEFORE 10 30
I DON'T HAVE ANY MORE ROOM ON MY PAPER TO WRITE MOTION.
SO I THINK
ANY FUTURE AGENDA ITEMS? OKAY.