* 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. YES, THE , [00:00:01] THE TIME IS SIX THIRTY FOUR. [(EDC) Board Meeting/(CDC) Board Meeting on August 10, 2026.] I CALL TO ORDER. UM, IT'S HATO ECONOMIC DEVELOPMENT CORPORATION, TYPE A AND TYPE B BOARD OF DIRECTORS MEETING. IT'S MONDAY, AUGUST 10TH, 2026. WE ROLL CALL VICE CHAIR MORALES IS HERE. SECRETARY GONZALEZ HERE. BOARD MEMBER SNYDER. HERE. BOARD MEMBER THORNTON. HERE. BOARD MEMBER PORTERFIELD. HERE. BOARD MEMBER MORRIS HERE. ALL RIGHT, WE'LL STAND FOR THE PLEDGE. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS. ONE NATION UNDER GOD AND INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL. HONOR TEXAS. FLAG BY IANS CITY. BE TEXAS. ONE STATE UNDER GOD. ONE AN INDIVIDUAL, RIGHT? EXCUSE ME. UH, ANY PUBLIC COMMENT THIS EVENING? I DON'T BELIEVE SO. OKAY. WE'LL MOVE ON TO, UM, ECONOMIC DIRECTOR'S REPORT. ITEM FIVE ONE. STAFF WILL PROVIDE UPDATES ON CRITICAL PROJECTS INCLUDING THE PECAN STREET IMPROVEMENT PROJECT, THE RIGHT OF WAY OPTIMIZATION PROJECT, CITY OF HU FIRE STATION NUMBER ONE, KEY PARTNERSHIPS, UPDATES INCLUDING WILLIAMSON COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP, HUTTO AREA CHAMBER, AND INFORMATION ON RECENT AND FUTURE EVENTS. THANK YOU. SO WE'LL START WITH THE FIRE STATION 'CAUSE IT'S UP. UH, JUST WANTED TO SHARE, UH, WHERE WE ARE IN THE DESIGN PROCESS. SO WE'VE RECEIVED THE CONCEPT DESIGN AND, UM, THE PBK TEAM WANTED ME TO REITERATE THAT THIS IS VERY EARLY AND THAT ADDITIONAL ITERATIONS REGARDING THE ELEVATIONS AND THINGS LIKE THAT AND, AND SOME OTHER REVISIONS TO THE FLOOR PLAN ARE EXPECTED. UM, BUT JUST WANTED TO SHOW YOU KIND OF WHAT THEY'VE PUT TOGETHER THUS FAR. UM, AS YOU KNOW, THE SITE WE'VE, UM, SELECTED IS OFF OF COUNTY ROAD 1 32, JUST SOUTH OF THE MEGA SITE ON THE EAST SIDE OF TOWN. UM, I DON'T HAVE THE CLICKER. AMANDA, ARE YOU ABLE TO YEAH. OR DO YOU WANT ME TO COME GET IT? NO, I, OKAY. UM, SO THIS IS THE CURRENT PROPOSED FLOOR PLAN. EXCUSE ME. A COUPLE OF REVISIONS THAT YOU'LL, UM, SEE ON NEXT ITERATIONS ARE, UM, WE'VE DISCUSSED EXPANDING THE TRAINING ROOM AND THEN ON THE PREVIOUS SLIDE IT SHOWED KIND OF THE PARKING AREA. IT MAY SHOW IT IN MORE DETAIL ON AN UPCOMING SLIDE, BUT THE PARKING, THE PUBLIC PARKING WAS VERY, VERY LIMITED. AND SO WE TALKED THROUGH WHAT MIGHT BE HELPFUL, GIVEN THAT THIS STATION, THANK YOU, UH, IS EXPECTED TO BE THE FIRST HU CITY OF HU FIRE STATION. AND SO HAVING ADDITIONAL SPACE FOR TRAINING, HAVING ADDITIONAL PUBLIC PARKING SPACES, UH, WOULD MAKE SENSE SINCE IT WOULD BE THE FIRST AND ONLY AT THAT TIME. UM, SO THOSE ARE SOME OF THE CHANGES THAT YOU'LL SEE IN UPCOMING REVISIONS REGARDING THE FLOOR PLAN, IN PARTICULAR ELEVATIONS. SO THIS IS OPTION ONE. UM, THEY TOOK INSPIRATION FROM THE PROPOSED JUSTICE CENTER SINCE THAT IS ALSO A NEW CITY FACILITY. THEY THOUGHT THAT THERE MIGHT BE SOME, UM, PREFERENCE FOR ALMOST BRANDING THE BUILDING, KIND OF MAKING IT, HEY, THIS IS THE CITY OF JUDO STYLE AND, AND THESE BUILDINGS LOOK, UM, FAMILIAR. UH, MORE NEUTRAL PALETTE THERE. AND THIS IS A, UH, THE BACK ELEVATION FROM THE SECURED PARKING AREA. UM, YOU'LL SEE THAT THERE'S A LITTLE COVERED AREA. UM, AND THEN ALSO THE GREEN SPACE THERE FOR OUTDOOR RECREATION AND, AND EXERCISE OPPORTUNITIES AS WELL. AND THEN THE COVERED AREA COULD BE A, A, A GATHERING SPACE AND IT COULD HAVE GIRLS OUT THERE AND THINGS LIKE THAT TOO. 'CAUSE IT'S JUST OFF OF THOSE MULTIPURPOSE ROOMS, THE TRAINING ROOM AND, UM, KIND OF THE, THE COMMON SPACE THERE. THIS IS OPTION TWO FOR THE ELEVATIONS. UM, BRINGING IN THE RED FOR FIRE. SO THEY KIND OF ADDED SOME ACCENTS THERE. AND THE RED, AND THEN THAT SAME VIEW FROM THE BACK AS WELL WITH THE REVISED COLOR PALETTE. ANY FEEDBACK ON THAT FROM Y'ALL? DO WE LIKE ONE OVER THE OTHER? WE JUST SAY, I MEAN, WE CAN ALWAYS PUT IT OUT TO A PUBLIC VOTE IF WE, OR A POLL IF WE WANNA DO SEE WHAT ANYBODY PREFERS. I LIKE THE POLE IDEA, BUT I WILL SAY THAT RED IS NOTORIOUS FOR FADING. MM. SO IF YOU DO RED, IT'S JUST, IT'S JUST MORE MAINTENANCE, BUT IT'S, IT'S WORK THAT HAS TO BE DONE SOONER. I LIKE THE ORANGE . OKAY. MM-HMM . THE IDEA OF A POLL. YES. I THINK A POLL WOULD BE MOST APPROPRIATE. MM-HMM . IT ENGAGE. YOU DIDN'T ENGAGE THE PUBLIC. MM-HMM . EXACTLY. [00:05:01] MM-HMM . A FIRE STATION POLE IS VERY DIFFERENT. POLE. SLIDE DOWN. P-O-L-P-O-L-L-I SHOULD CLARIFY. COMMUNICATIONS DEPARTMENT. GOOD FOR COMEDY. DO A PLAY ON WORDS WITH THAT. OH, OH, YEP. WHAT YOU DID THERE. WE CAN CHALLENGE 'EM WITH THAT. UM, JUST ONE OTHER UPDATE ON, UM, THE PROGRESS HERE AT THE JOINT MEETING LAST WEEK BETWEEN EDC AND CITY COUNCIL DIRECTION WAS TO GO AHEAD AND ENGAGE A CONSTRUCTION MANAGER AT RISK SIMILAR TO THE PROCESS THAT'S BEEN UNDERTAKEN FOR THE JUSTICE CENTER. SO, UM, WE'LL PROCEED WITH THAT ACCORDINGLY. UM, WE EXPECT DUE DILIGENCE TO BE A HUNDRED PERCENT COMPLETE, UM, AROUND EIGHT 20, AND THEN HAVE A HUNDRED PERCENT OF THE CONCEPT DESIGN READY TO GO IN NOVEMBER. SO THOSE ARE THE NEXT TWO BIG UPCOMING DEADLINES FOR THE SCHEDULE FOR DESIGN. ALL RIGHT, MOVING ON. PECAN STREET IMPROVEMENT PROJECT. SO WE HAVE WEEKLY STANDING CALLS WITH, UH, THE HALF TEAM. UM, THEY ARE DOING INTERNAL DESIGN REVIEW TOMORROW, SO I KNOW YOU GUYS HAVE RECEIVED THE INVITATION TO THAT. UM, REALLY TRYING TO GET THE INTERNAL STAKEHOLDERS, UM, EYEBALLS ON, ON WHERE THEY ARE ON DESIGN AND GIVE THAT KIND OF EARLIER DIRECTION SO THAT THEY CAN PIVOT IF NEEDED, UM, AND TAKE INTO CONSIDERATION THOSE PREFERENCES. UM, THEY'LL ALSO BE CONFIRMING THE PROPOSED SCOPE. SO BASED ON THE PRIORITIES THAT WERE SET AND THE THE ANTICIPATED BUDGET, THEY'VE PROPOSED SOME, UH, SCOPE CHANGES TO ONE, HELP MINIMIZE THE IMPACT AND, UH, INVOLVEMENT OF TXDOT. SO WHERE IT TIES INTO PECAN STREET TIES INTO 1660, THEY'VE BACKED UP OFF OF THAT ACTUAL INTERSECTION. 'CAUSE WE, WE DON'T HAVE A NEED TO CHANGE THE CURB CUT THERE OR ANYTHING. AND ON PECAN STREET, THERE'S UM, THERE'S A VERY NATURAL GEOGRAPHIC STOP TO WHERE, UM, THE, THE PROJECT SCOPE SHOULD PROBABLY END. SO WE'LL TAKE A LOOK AT THAT. AND THEN SIMILARLY, THIS PROJECT ALSO INCLUDES TWO LEGS OF MAIN STREET AND WEST STREET THAT, THAT GO DOWN TO 79. SO SIMILARLY, BECAUSE THERE'S BUSINESSES CURRENTLY LOCATED ON 79 ADJACENT, THEY'VE BACKED UP THE SCOPE SO THAT THEY DON'T HAVE TO DO ANYTHING TO THE ACTUAL TIE-INS TO 79. AND THAT'S JUST TO HELP PRESERVE SOME OF THE, THE TIME AND POTENTIAL COST OF ANY CHANGES THAT THAT TECH STOP MIGHT REQUIRE AS WELL. SO, UM, AND THEN SOME OF IT IS RELATED TO PECAN STREET, UH, RIGHT OF WAY ACQUISITION AS WELL DUE TO TIME AND COST OF THOSE ACQUISITIONS. SO WE'LL WORK THROUGH THAT TOMORROW. AND THEN SOME OF THEIR INITIAL DESIGN, UM, PROPOSALS TO GET INPUT ON. SO EXCITED FOR THAT PROGRESS. UM, FOR THE RIGHT OF WAY OPTIMIZATION PROJECT, UM, DIRECTION FROM THIS BOARD WAS TO GO AHEAD AND ENGAGE BOOT CIVIL FOR AN RFP. SO WE WENT AND WALKED THE PROJECT, UH, WITH OUR CEO LAST WEEK, UM, AND WALKED THE PROJECT. SO THEY TOOK A BUNCH OF NOTES AND THINGS LIKE THAT AND DID GET AN RFP BACK TO US. SO WE'LL REVIEW THAT COST AND EXECUTIVE SESSION UNDER THE INFRASTRUCTURE PROJECTS IMPACTING CORPORATION PROPERTY AND PROJECTS. EXCUSE ME ONE SECOND. GOODNESS. UM, SO, UH, WE HAVE THAT RFP TO REVIEW AND THEN ALSO THEIR DRAFT, DRAFT SCOPING, UM, DOCUMENT. SO IT HAS BASICALLY A BUBBLE DIAGRAM OF ALL THE, THE AREAS THAT THEY'RE PROPOSING DIFFERENT SOLUTIONS AND RELATED TO THE PROJECT. SO WE'LL REVIEW THAT AS WELL. UH, WILCO, EDP. SO WE HAVE THE CHAMPIONS LUNCHEON ON THURSDAY, AS WE WERE JUST CHATTING ABOUT PRIOR TO THE MEETING STARTING. THANK YOU TO THOSE OF YOU THAT HAVE RESPONDED. IF YOU WOULD LIKE TO ATTEND, PLEASE LET ME KNOW SO THAT I CAN MAKE SURE THAT, UM, YOU GET SENT THE REGISTRATION LINK. OR I CAN WORK WITH WILCO EDP STAFF TO GET YOU REGISTERED. UH, WE ALSO HAVE OUR WILCO EDP BOARD MEETING THIS FRIDAY. UM, ON THURSDAY'S LUNCHEON YOU ARE GONNA HEAR FROM BARRY MATHERLY FROM HICKEY GLOBAL, WHO HAS DONE THE STRATEGIC PLAN FOR WILCO EDP. SO HE'S GONNA PRESENT, UH, AN OVERVIEW OF THAT STRAP PLAN. UM, AND THEN ALSO, IF YOU HADN'T SEEN OR HEARD YET, OUR EXECUTIVE DIRECTOR DAVE PORTER, IS RETIRING, UM, FROM WILCO EDP, UM, EFFECTIVE AT THE END OF THE YEAR. SO WE ARE ACTIVELY, UM, SEEKING HIS REPLACEMENT AT THIS TIME AS WELL. UM, I'M HAPPY TO SHARE THAT JOB DESCRIPTION IF ANYONE WANTS TO SHARE THAT AROUND OR, OR HAS ANYONE IN MIND THAT THEY THINK WOULD BE A GOOD FIT. UH, LET'S SEE. HOW DO CHAMBER, SO ACTION. AT LAST WEEK'S JOINT MEETING, UH, BETWEEN EDC AND CITY COUNCIL APPROVED THE INCENTIVE FOR THE CHAMBER TO HAVE A NEW HEADQUARTERS IN DOWNTOWN, UH, THAT WILL BE LOCATED AT THE NORTHWEST CORNER OF MAINE AND FARLEY STREETS. UM, SO WE'RE EXCITED TO PARTNER WITH THEM AND SUPPORT THAT NEW DEVELOPMENT AND THAT NEW SPACE FOR OUR BUSINESSES AND FOR, UM, THE CHAMBER TO [00:10:02] SUPPORT DOWNTOWN AND OUR BUSINESS COMMUNITY. UH, WE HAVE THE TEXAS KOREA SUMMIT, UM, IN PARTNERSHIP WITH, UH, THAT'S A THREE-WAY PARTNERSHIP, UH, BETWEEN THE HUDU CHAMBER, THE TAYLOR CHAMBER, AND THE AUSTIN ASIAN CHAMBER. AND THAT'S PLANNED FOR AUGUST 26TH. UH, I DID CIRCULATE THAT INFORMATION AS WELL, SO IF YOU'VE NOT R SVP, PLEASE LET ME KNOW AND WE CAN GET THAT SQUARED AWAY FOR YOU. UM, WE ARE ALSO CURRENTLY COLLABORATING WITH THE CHAMBER ON QUARTERLY BUSINESS SUPPORT AND APPRECIATION INITIATIVES. RIGHT NOW WE HAVE A LINKEDIN LEARNING, UM, INITIATIVE GOING ON, UM, TO HELP SPREAD AWARENESS ABOUT THE LINKEDIN LEARNING OPPORTUNITIES THAT ARE FREE TO LIBRARY CARD HOLD CARDHOLDER MEMBERS. UM, SO WE'RE, WE'RE HOPEFUL THAT WE CAN START ENGAGING OUR BUSINESS COMMUNITY. THERE'S A LOT OF GREAT EDUCATION TOPICS ON THERE, AND THEY'RE ABLE TO LOG INTO THAT FOR FREE AND TAKE ADVANTAGE OF A VARIETY OF COURSES RELATED TO BUSINESS, BUT ALSO FOR ANY SORT OF, UM, PASSIONS OR, OR HOBBIES THEY MIGHT HAVE TOO. SO VERY WELL-ROUNDED LIBRARY IN THERE. OH MY GOODNESS. OKAY. SO MUCH GOING ON. UH, PAST EVENTS WE HAD, UM, LET'S SEE. I HAD THE OPPORTUNITY ON JULY 14TH TO PRESENT TO THE JUDO CITIZENS UNIVERSITY SOPHOMORE CLASS. SO IF YOU WEREN'T AWARE, WE RUN THE HCU GROUP TWICE A YEAR, AND THEN I THINK EVERY OTHER YEAR WE RUN A SOPHOMORE CLASS. SO OF THE FOLKS THAT HAVE TAKEN THE, UH, FIRST YEAR COURSE, UM, THEY'RE ABLE TO SIGN UP FOR A SECOND LEVEL, UH, WHERE WE KIND OF TAKE A DEEPER DIVE INTO CERTAIN DEPARTMENTS AND TOPICS. SO, UM, THAT WAS A REALLY FUN PRESENTATION, UM, ON THE 14TH THROUGH THE 16TH. SO THAT WHOLE WEEK IN JULY, WE HAD A BLUE HUB REPRESENTATIVE HERE. AND SO I, I WAS ABLE TO SCHEDULE A WHOLE BUNCH OF COMMUNITY ENGAGEMENT MEETINGS, UM, FOR THEM. AND SO I JUST WANTED TO THANK HU ISD, THE CHAMBER, ESD THREE, UH, HU PD, HU EMERGENCY MANAGEMENT, TSTC, AND ARMA FOR, UM, PARTICIPATING IN THOSE VISITS AND LEAVING SUCH A WONDERFUL IMPRESSION OF THE HU COMMUNITY. I APPRECIATE THAT SO MUCH. UM, THEN ON JULY 15TH, I KNOW I SAW SOME OF YOU THERE LINKED GLEN EVENT HERE, UM, DOWNTOWN AT ONE 11 EAST. THAT WAS A GREAT EVENT, SUPER FUN. I WAS ABLE TO CONNECT WITH ALL KINDS OF PEOPLE AND HAVE SOME, UH, VARIOUS OPPORTUNITIES THAT I'LL BE FOLLOWING UP ON AND HOPEFULLY BRINGING BACK TO THE BOARD FOR CONSIDERATION. SO SUPER, SUPER HAPPY ABOUT THAT OUTCOME. THEN ON JULY 27TH, I SAW SOME OF Y'ALL AT THIS ONE TOO. LAVISH BOUTIQUE OPENED, UH, HAD THEIR GRAND OPENING IN DOWNTOWN. THEY'RE LOCATED AT THE CORNER OF PECAN AND NO, YES, EAST STREET IN PECAN. SO NORTHEAST CORNER, UH, RIGHT ACROSS FROM THE CITY'S PARKING LOT THERE. UM, AND THEN LATER THAT NIGHT, UH, ATTENDED THE CHAMBERS DEVELOPER NETWORKING. I MADE SOME REALLY GREAT CONNECTIONS THERE, WHICH I'LL ALSO BE BRINGING BACK AN OPPORTUNITY FOR THIS BOARD TO CONSIDER. UM, BUT JUDGE SNELL WAS THE SPEAKER THAT NIGHT, SO IT WAS GREAT TO HEAR FROM HIM AND SOME OF THE THINGS FROM A, A COUNTY PERSPECTIVE THAT ARE HAPPENING. UM, THEN ON THE 28TH , IT WAS A BUSY JULY ON THE 28TH. UM, I ATTENDED AN ARM SPONSORED EVENT AT SKILL POINT ALLIANCE, AND I'D NOT BEEN TO THAT FACILITY BEFORE, BUT IT WAS A, A REALLY NEAT EXPERIENCE TO SEE THEIR CLASSROOMS AND HOW THEY'RE APPROACHING WORKFORCE TRAINING. WE ALSO GOT TO HEAR FROM TESLA, UM, ABOUT HOW THEY'VE STRUCTURED CERTAIN WORKFORCE DEVELOPMENT, UH, PATHWAYS AND PROGRAMS. SO THAT WAS REALLY GREAT TO HEAR FROM THEM. AND THEN, UH, THAT NIGHT I ATTENDED A COMMUNITIES CONNECTED EVENT WITH BAYLOR SCOTT AND WHITE. SO, UM, THAT IS ONE OF THEIR COMMUNITY ENGAGEMENT INITIATIVES. SO, UH, TRYING TO STAY PLUGGED IN WITH THEM AS WE CONTINUE TO SUPPORT THE HEALTHCARE OPPORTUNITIES IN THE AREA. UH, UPCOMING CHAMBER LUNCHEON IS ON WEDNESDAY AT 1130 OVER AT U CHECK, UH, THE 13TH. WE HAVE POWER BREAKFAST ALSO AT U CHECK AT EIGHT O'CLOCK, AND THEN CHAMPION'S LUNCH LATER THAT DAY THAT WE'VE TALKED ABOUT. AND THEN ON THE 26TH, THE TEXAS KOREA SUMMIT. SO, UH, LOTS GOING ON, UH, IN THE NEXT COUPLE OF WEEKS, BUT HOPE, HOPE TO SEE Y'ALL AT SOME OF THESE OTHER EVENTS AND, UM, LOOKING FORWARD TO A REALLY BUSY AND PRODUCTIVE AUGUST. THANKS. DID YOU SEE YOUR FAMILY IN JULY? ? YES. WE ACTUALLY WENT ON VACATION, SO IT WAS A LOT OF MY FAMILY . WOW. ALL CRAMMED IN THERE. OKAY. AND A LOT OF BLUEBERRIES, RIGHT? HMM. A LOT OF BLUEBERRIES. YES. , MAIN BLUEBERRIES. CAN'T BEAT IT. MM-HMM . ALRIGHT. UM, MOVING ON TO AGENDA ITEM SIX ONE, DISCUSSION AND POSSIBLE ACTION TO APPROVE THE CORPORATION'S MONTHLY FINANCIAL REPORT FOR JULY, 2026. HI, GOOD EVENING BOARD. CHRISTINA BISHOP, ASSISTANT FINANCE DIRECTOR FOR THE CITY. I [00:15:01] APOLOGIZE IN ADVANCE. I GOT REALLY THIRSTY LISTENING TO CHENEY TALK. SO MY MOM'S REALLY DRY . UM, SO JULY, 2026. FINANCIAL REPORT WAS EMAILED OUT ON FRIDAY AFTERNOON. ON THE REVENUE SIDE, IT'S KIND OF THE SAME NARRATIVE AS THE LAST FEW MONTHS. UH, SALES TAXES, IDEALLY YOU SHOULD BE AT ABOUT 83% THIS TIME OF YEAR. YOU'RE AT 78%. SO THAT'S A DELTA OF $182,000 ON THE PLUS SIDE. UM, YOUR BUDGETED, UH, INTEREST INCOME HAS ALREADY REACHED A HUNDRED PERCENT. THAT'S $42,000 OVER YOUR ANNUAL BUDGET. SO THERE'S A LITTLE BIT OF GOOD NEWS THERE. UH, EXPENDITURE SIDE, NOT A WHOLE LOT TO NOTE THIS MONTH WE DID MAKE THE ANNUAL PRINCIPAL PAYMENT AND SEMI-ANNUAL INTEREST PAYMENT ON YOUR 2018 REVENUE BONDS. AS A REMINDER, UH, THOSE BONDS WERE ISSUED TO PURCHASE THE MEGASITE LAND AND THOSE WILL BE PAID OFF IN 2048. RIGHT NOW YOUR FUND BALANCE IS AT ABOUT 15 AND A HALF MILLION, BUT YOU DO HAVE SOME PRETTY SIGNIFICANT EXPENDITURES COMING OVER THE NEXT YEAR, YEAR AND A HALF. UM, WE'RE EXPECTED TO END THE END SEPTEMBER AROUND 12 MILLION BASED ON THE TIMING OF SOME OUTFLOWS. UH, SO WE'LL BE KIND OF MONITORING THOSE AND, UM, AS YOU START WORKING ON LONG TERM FORECASTING AND BUDGETS FOR FUTURE YEARS, YOU KNOW, WE'LL HAVE TO WATCH THAT A LITTLE BIT MORE CLOSELY, BUT YOU'LL END THE YEAR IN GOOD SHAPE THIS YEAR. UH, WITH THAT, HAPPY TO ANSWER ANY QUESTIONS. ANY QUESTIONS, RIGHT. UM, MOTION TO APPROVE AS PRESENTED. SECOND. ALRIGHT. MOTION PRESENTED BY VICE CHAIR MORALES, SECONDED BY, UM, EXCUSE ME, BOARD MEMBER MORRIS. ANY DISCUSSION? I'LL CALL THE VOTE BOARD MEMBER THORNTON AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER SNYDER. AYE. VICE CHAIR MORALES AYE. BOARD MEMBER PORTERFIELD AYE. SECRETARY GONZALEZ. AYE. MOTION PASSES. SIX ZERO. MOVING ON TO SIX TWO, DISCUSS AND CONSIDER ACTION ON THE REQUEST FOR THE HATO ECONOMIC DEVELOPMENT CORPORATION TO CONSIDER PAYING THE APPROXIMATE $530,000 COST FOR THE UNDERGROUNDING OF ELECTRIC, OH, EXCUSE ME, ELECTRICAL UTILITIES RELATED TO THE COUNTY ROAD 1 99 CAPITAL IMPROVEMENT PLAN PROJECT. KATE MORIARTY. OKAY, SO THIS, UH, IS A REQUEST FROM OUR ENGINEERING TEAM. THEY ARE PURSUING THE, OR MOVING FORWARD WITH THE CR 1 99 CIP PROJECT. THAT PROJECT RUNS CR 1 99 FROM 1 32 ON THE EAST SIDE. IT RUNS STRAIGHT WEST AND THEN CURVES NORTH. AND THEN, YOU KNOW, IT'S TEXAS. ALL OF OUR ROADS GO EVERY DIRECTION. . YEAH. YEP. AND THEN CURVES WEST AGAIN AND GOES ON TO FRONT STREET. UM, SO UNDERGROUNDING UTILITIES IS SOMETHING THAT'S CURRENTLY REQUIRED IN OUR UDC AND, UM, MY UNDERSTANDING IS THAT THE, THE EXPENSE OF THAT CAME BACK HIGHER THAN ANTICIPATED. AND SO, UM, ENGINEERING WANTED TO APPROACH THE, THE CORPORATION TO SEE IF THEY WOULD BE, UM, INTERESTED IN FUNDING THE, THE EXTRA COST OF UNDERGROUNDING. AND IT'S APPROXIMATED TO BE $530,000. UM, STAFF, YOUR STAFF FEEDBACK, UH, WAS, UH, IN COLLABORATION WITH EDC LEGAL, UM, TYPICALLY WE HAVE TO HAVE FINDINGS THAT A PROJECT MEETS AN ECONOMIC DEVELOPMENT PROJECT, UH, PARAMETERS. AND SO, UM, THE FIRST SEGMENT FROM 1 32 OVER TO WHERE IT TURNS NORTH IS ALL RESIDENTIAL. UH, THAT TYPICALLY DOESN'T ALIGN WITH AN ECONOMIC DEVELOPMENT PROJECT. HOWEVER, AT THE TURN WHERE IT GOES NORTH AND THEN WEST, THERE IS COMMERCIAL AND INDUSTRIAL DEVELOPMENT ALONG THAT ROUTE. AND SO, UM, RECOMMENDATION WOULD BE THAT, THAT WE CONSIDER FUNDING THAT PORTION OF THE UNDERGROUNDING AS IT ALIGNS WITH AN ECONOMIC DEVELOPMENT PROJECT. SO THE 530,000 IS FOR THE ENTIRE THING? YEAH, IT'S FOR THE FULL SEGMENT. OKAY. SO THEY WOULD JUST CALCULATE WHATEVER PORTION STARTING AT THAT FIRST CURVE. CORRECT. ALL THE WAY TO 1660. OKAY. SO THE FIVE 30 K YOU'RE SAYING IS IT CAME ABOVE WHAT WE EXPECTED. WHAT WERE WE EXPECTING? I'M NOT SURE. I DON'T HAVE THE PROJECT DETAILS. UM, SO I'M NOT A BIG FAN OF THIS REQUEST. ONE, I THINK THAT COMMERCIAL AREA IS ALREADY BUILT OUT MM-HMM . SO WITH IT ALREADY BEING BUILT OUT FOR ONE LOT, I THINK THAT RIGHT AT THE CURVE THERE, THERE'S, I BELIEVE THAT'S WHERE TESLA WENT INTO THE SECOND GEN SPACE, BUT THERE'S A LOT DIRECTLY NORTH OF THAT THAT YEAH. MAYBE THAT ISN'T DEVELOPED YET. I BIG PART OF IT'S, UH, HU OF PUBLIC WORKS TO THE SOUTH. YEAH. FOR ME, YOU SUMMED IT UP WHEN YOU SAID THIS IS NEEDED BECAUSE THAT'S WHAT OUR [00:20:01] UDC HAS. MM-HMM . SO THE GOVERNMENT IMPOSES BUILDING STANDARDS ON PEOPLE. AND THIS IS MORE AESTHETICS IN MY, IN MY MIND. AND BECAUSE THE GOVERNMENT SETS THE STANDARD, THEN THEY HAVE BUSINESSES PAY FOR THAT. AND THIS IS A GOVERNMENT PROJECT AND I DON'T SEE HOW IT INCREASES SALES TAX, IT DOESN'T HELP WITH JOB GROWTH. IT, I DON'T SEE HOW IT HELPS ANYTHING ECONOMIC DEVELOPMENT. IT DOESN'T EVEN GENERATE PROPERTY TAX REVENUE. I MEAN, I GUESS MAYBE THE PROPERTY IS MAYBE WORTH A LITTLE BIT MORE WHEN THEY'RE DONE. AND I THINK THE PROJECT IS LIKE THREE OR FOUR YEARS AWAY. SO TO ME IT'S A LITTLE EARLY TO ASK FOR THE MONEY WHEN I DON'T KNOW. I MEAN, YOU CAN MOVE UTILITIES ANYTIME, BUT I DON'T THINK THIS THING'S SUPPOSED TO HIT CONSTRUCTION MINIMUM LIKE TWO OR THREE YEARS. AM I WRONG? DOES THAT SOUND RIGHT? WELL, WE PUSHED ONE FORWARD, WE PUSHED 1 99 FORWARD OR BACK. I THOUGHT WE PULLED IT UP. I THINK WE ASKED, I THINK WE ASKED THEM AT, AT THE LAST COUNCILS MEET WAS ASKED IF 1660 AND IF 79 IS GONNA BE DELAYED AGAIN, DOES IT MAKE SENSE TO PULL IT FORWARD? I DON'T, I DON'T BELIEVE COUNCIL ACTUALLY MADE A VOTE, BUT WE DIDN'T MAKE ACTION ON THAT VOTE. TAKE ACTION ON IT THAT IT WAS DISCUSSED OF MOVING THAT UP BECAUSE OF THE 16 60 79. OKAY. SO IF WE DO, IF CR 1 99 IS PUSHED UP, WHICH WE DON'T KNOW AT THIS TIME, IS, ARE WE PUSHING UP JUST ONE YEAR? IS THAT WHAT WE'RE LOOKING AT? OR, UH, I DON'T EVEN KNOW. OKAY. BUT ON THIS I, IT JUST, I, I AGREED WITH THE 6 MILLION BECAUSE THAT WAS MONEY THAT THE EDC SPEND OF THE CITY'S MONEY. BUT NOW WE'RE GETTING INTO, I DON'T WANT THE EDC TO BECOME THE, THE BACKSTOP. EVERY TIME A PROJECT GOES OVER BUDGET ON A CITY THAT SOMEONE SAYS, HEY, I GOT AN IDEA OF THE EDC CAN PICK IT UP BECAUSE WE KEEP DOING THAT. WE WON'T HAVE MONEY FOR DOWNTOWN AND WE WON'T HAVE MONEY FOR THE STUFF WE'VE STARTED. BUT YEAH, I'D, I'D LIKE TO SEE MORE DETAIL ON THE PROJECT IN GENERAL AND THEN ALSO I GUESS NEED CLARIFICATION FROM COUNCIL ON IF AND WHAT IT LOOKS LIKE IF WE PUT A POLL IN CR 1 99 PROJECT. DOES THAT MAKE SENSE? MM-HMM . MM-HMM . I JUST, YEAH, I DON'T THINK THERE'S ENOUGH DETAIL TO, I MEAN IT'S, IT'S NOT SPECIFICALLY READY TO ECONOMIC DEVELOPMENT, BUT UNDERGROUND UTILITIES ARE LESS VULNERABLE TO WEATHER EVENTS. MM-HMM . AND SO THERE IS A LIFE HEALTH SAFETY BENEFIT TO UNDERGROUND UTILITIES, BUT THAT DOESN'T SOLVE OUR PROBLEM. BUT IT IS ANOTHER BENEFIT THAT IS ASSOCIATED WITH UNDERGROUND UTILITIES. WAS THERE A REASON WHY IT WAS PROPOSED TO? DO WE HAVE ANY UNDERSTANDING ON WHY IT WAS PROPOSED AT THAT EDC WOULD PAY FOR IT, PAY THAT PORTION? UH, I THINK BECAUSE IT'S A ROAD PROJECT AND UM, LIKE I SAID IT DOES A BUT SOME COMMERCIAL AND INDUSTRIAL DEVELOPMENT. SO THAT'S MY UNDERSTANDING. BUT AGAIN, I CAN, I CAN FIND OUT FROM THE ENGINEERING TEAM ON SOME MORE OF THOSE DETAILS. SO I OH, GO AHEAD DAN. GO DAN. I'D LIKE TO MAKE A MOTION TO DENY THE REQUEST. SECOND MOTION PRESENTED BY BOARD MEMBER THORNTON. SECONDED BY BOARD MEMBER SNYDER, I THINK. SURE. OKAY. . . YOU'LL ALLOW IT. WE'RE IN UNISON. YEAH. ANY DISCUSSION ON THE MOTION? YEAH, I'D LIKE TO, GOING FORWARD KIND OF LIKE, UM, AS HAVING, I'D LIKE TO SEE AN AGENDA ITEM REPORT. MM-HMM . WITH SOME OF THE BACKGROUND AND THE STAFF, YOU KNOW, WITH THEIR STAFF SPECIFICALLY THE STAFF'S. UH, I THINK THAT'S GONNA BE IN THE NEW FORMAT THAT CITY MANAGERS TELL ME THAT WE'RE GONNA HAVE STAFF INPUT AND RECOMMENDATIONS. ALSO ANY FISCAL IMPACT BACKGROUND, THE DETAILS ON THAT REPORT, UM, ON THE, UH, PROJECT REPORT. AND THEN ALSO HOPE AWAITING FOR, AGAIN, AS I SAID EARLIER, THE CITY COUNCIL PROVIDING US SOME CIP UH, UH, UPDATE ON WHAT WE'RE GONNA DO WITH THAT. SO I DUNNO IF THAT'S AN ACTION. WELL, IT'S NOT AN ACCIDENT, BUT IT'S JUST A COMMENT THAT THAT'S WHAT I'D LIKE TO SEE GOING FORWARD. I WILL SAY, UH, ENGINEERING STAFF DID PREPARE AN A IR WITH BACKGROUND. HOWEVER, SOME OF THE INFORMATION SPECIFICALLY IN THE MAP WAS NOT CONSISTENT WITH THE, THE SCOPE OF THE PROJECT. SO WE DIDN'T WANNA PUBLISH AS IS 'CAUSE IT WAS A LITTLE UNDERSTOOD. THANK YOU. A LITTLE BIT CONFUSING. THAT WAS DONE. SO ENGINEERING SENT INCORRECT INFORMATION. THE MAP THAT WAS UPLOADED DOES NOT REFLECT MY UNDERSTANDING OF THE SCOPE OF THE PROJECT. THAT'S SCARY. 'CAUSE USUALLY THOSE ARE THE GUYS THAT ARE INTO THE DETAILS, ESPECIALLY WHEN YOU'RE BUILDING ROADS AND BRIDGES AND TRYING TO GET THINGS TO LINK UP. MM-HMM . WE HAVE AN ENGINEER. HMM. ANY FURTHER DISCUSSION ON THE MOTION? ALL RIGHT, WE'LL CALL A VOTE BOARD MEMBER THORNTON AYE. BOARD MEMBER SNYDER. AYE. SECRETARY GONZALEZ. AYE. VICE [00:25:01] CHAIR MORALES AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER PORTERFIELD AYE. MOTION PASSES. SIX ZERO. ALL RIGHT. MOVING ON TO ITEM SIX THREE. DISCUSS AND CONSIDER ACTION ON RESOLUTION R DASH HEDC DASH 2026 DASH FOUR FIVE TO APPROVE A FARM LEASE FOR THE CORPORATION OWNED PROPERTY ON THE MEGA SITE. THANK YOU. SO AT THE LAST BOARD MEETING, Y'ALL GOT TO HEAR FROM, UH, MR. ALLEN, CLICK THE FARMER WHO CURRENTLY HAS A FARM LEASE ON THE COTTONWOOD PROPERTIES. MM-HMM . UH, DIRECTION FROM THIS BOARD AT THAT TIME WAS TO GO AHEAD AND DRAFT A SIMILAR LEASE FOR THE MEGA SITE, UH, REFLECTING THE, THE LAND THAT'S AVAILABLE THAT THE EDC OWNS. SO WE'VE DONE THAT AND, AND THAT'S THE DOCUMENT THAT WAS SENT OUT TO Y'ALL, BUT IT'S THE EXACT SAME TERMS. UH, IT WAS THE $25 PER ACRE AND WE HAD OUR GIS ANALYSTS GO IN AND UPDATE THE MAP. SO TO RECALCULATE THE ACREAGE OUT THERE SINCE WE'VE SOLD, UH, ABOUT 50 ACRES AND THEN ALSO WITH ALL THE RIGHT OF WAY FROM THE ROAD AND, AND THE, UH, THE KRUGER BOULEVARD AND THE, THE FIRE ROAD. SO THAT THOSE WERE EXCLUDED FROM THE TOTAL. AND THAT WAS PER ACRE, PER YEAR, CORRECT? MM-HMM . OKAY. YEAH. MOTION TO APPROVE RESOLUTION R DASH HEDC DASH 2 0 2 6 DASH 0 4 5 IS PRESENTED. SECOND MOTION PRESENTED BY BOARD MEMBER SNYDER. SECONDED BY BOARD MEMBER PORTERFIELD. ANY DISCUSSION? OKAY, WE'LL CALL THE VOTE BOARD MEMBER MORRIS AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER SNYDER AYE. BOARD MEMBER THORNTON AYE. BOARD MEMBER PORTERFIELD AYE. VICE CHAIR MORALES AYE. MOTION PASSES. SIX ZERO. MOVING ON TO ITEM SIX FOUR. DISCUSSION AND POSSIBLE ACTION ON THE MEETING MINUTES FROM THE REGULARLY SCHEDULED HU ECONOMIC DEVELOPMENT CORPORATION MEETING HELD ON JULY 13TH, 2026. MOTION TO PRO, UM, APPROVE AS PRESENTED. SECOND. OKAY. MOTION PRESENTED BY VICE CHAIR MORALES. SECONDED BY BOARD MEMBER PORTERFIELD. ANY DISCUSSION? OKAY. WE'LL CALL THE VOTE BOARD MEMBER SNYDER. AYE. VICE CHAIR MORALES AYE. BOARD MEMBER MORRIS AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER THORNTON AYE. BOARD MEMBER PORTERFIELD AYE. MOTION PASSES. SIX ZERO. OKAY. THE BOARD WILL NOW RECESS THE OPEN MEETING AND RECONVENE AN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0 7 1 ATTORNEY CONSULTATION 5 5 1 0.087 ECONOMIC DEVELOPMENT AND 5 5 1 0.07. TWO REAL PROPERTY TO DELIBERATE AND SEEK LEGAL ADVICE REGARDING THE FOLLOWING ECONOMIC DEVELOPMENT PROJECTS. PROJECT CORE, THE MEGASITE PROJECT PROJECT BLUE HUB PROJECT HEARTBEAT PROJECT, AIR PROJECT ORCHARD PROJECT SHRINE PROJECT CRAWFORD PROJECT HULK PROJECT 1 0 7 E STREET PROJECT PRE AI, POTENTIAL REAL ESTATE TRANSACTIONS, THE INCENTIVE AGREEMENT FOR HU HOSPITALITY, THE PLANNING AND DEVELOPMENT OF THE COTTONWOOD PROPERTIES AND ANY RELATED INCENTIVES. LITIGATION WITH MIDWAY INFRASTRUCTURE PROJECTS IMPACTING CORPORATION OWNED PROPERTY, THE SALES TAX SHARING AGREEMENT BETWEEN THE CITY OF HU AND WILLIAMSON COUNTY EMERGENCY EMERGENCY SERVICES DISTRICT THREE, ALCOHOL ZONING FOR THE CITY OF HURO. PROPOSED HURO FIRE STATION NUMBER ONE AND THE EVALUATION OF AVAILABLE CORPORATE FUNDS FOR INCENTIVES. THE TIME IS 7 0 3. READY? MM-HMM . UH, THE BOARD NOW, UH, WILL RECONVENE AND OPEN SESSION. THE TIME IS NINE 12. AND OUR NEWEST, UH, BOARD MEMBER CHARLES WARNER IS JOINING US AS WELL. WELCOME. YAY. ALL RIGHT. . CUT MY GAVEL. WELCOME. ALL RIGHT. UH, MOVING ON TO ITEM EIGHT, ACTION RELATIVE TO EXECUTIVE SESSION. UH, EIGHT 8.1 CONSIDERATION AND POSSIBLE ACTION RELATED TO EXECUTIVE SESSION AGENDA ITEMS. I HAVE, UH, ONE MOTION, UH, REGARDING THE PROPOSAL FOR INFRASTRUCTURE PROJECTS IMPACTING CORPORATION OWNED PROPERTY. UH, WE'D LIKE A MOTION TO RESPOND TO THAT PROPOSAL WITH THE ITEMS, UH, DISCUSSED IN EXECUTIVE SESSION WITH A NOT TO EXCEED AMOUNT. YEAH. NOT TO EXCEED 80,000 AND THEN REMOVING THE TWO ITEMS. GOT IT. SECOND. OH, MORRIS GOT IT. MOTION PRESENTED BY VICE CHAIR MORALES AND SECONDED BY, I'M GONNA GO WITH BOARD MEMBER MORRIS. YEP. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER WARNER. AYE. BOARD MEMBER SNYDER. AYE. SECRETARY GONZALEZ. AYE. VICE CHAIR MORALES AYE. MOTION PASSES. SEVEN ZERO OH, SORRY. EXCUSE ME. OH, SORRY. BOARD MEMBER THORNTON. AYE. MOTION PASSES. SEVEN ZERO. YEAH. THERE IT, THERE. [00:30:01] IT'S ALRIGHT. SORRY. DAN. MS. VICE CHAIR. I MAKE A MOTION THAT WE AUTHORIZE STAFF TO PREPARE A SIGN FOR PROJECT ERROR IN A AMOUNT NOT TO EXCEED $2,000. I SECOND. OKAY. MOTION PRESENTED BY BOARD MEMBER SNYDER. SECONDED BY SECRETARY GONZALEZ. ANY DISCUSSION? OKAY. HEARING NONE. WE'LL CALL THE VOTE BOARD MEMBER THORNTON AYE. BOARD MEMBER SNYDER AYE. BOARD MEMBER WARNER. AYE. VICE CHAIR MORALES AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER MORRIS AYE. MOTION PASSES. SO MANY NAMES. . MOTION PASSES. SEVEN ZERO THEN MS. VICE CHAIR. I HAVE ANOTHER MOTION THAT WE AUTHORIZE STAFF TO DRAFT AN EDPA AGREEMENT FOR PROJECT ORCHARD WITH AN END DATE OF 2027 FOR THE LIVE VOTE CONSTRUCTION. SECOND MOTION PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER PORTERFIELD. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE. VICE CHAIR MORALES AYE. SECRETARY GONZALEZ AYE. BOARD MEMBER WARNER AYE. BOARD MEMBER SNYDER AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER THORNTON AYE. BOARD MEMBER PORTERFIELD AYE. MOTION PASSES. SEVEN ZERO. CAN I HAVE ONE OTHER MOTION THAT FOR PROJECT HU HOSPITALITY, IF WE DON'T HAVE A RESPONSE BY THE END OF BUSINESS FRIDAY, THAT WE AUTHORIZE THE CORPORATION'S LEGAL TO TAKE THE STEPS AS DISCUSSED IN EXECUTIVE SESSION. SECOND. SECOND. GO AHEAD. UM, MOTION PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER PORTERFIELD. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER WARNER AYE. BOARD MEMBER MORRIS AYE. VICE CHAIR MORALES AYE. BOARD MEMBER THORNTON AYE. SECRETARY GONZALEZ. AYE. BOARD MEMBER SNYDER AYE. MOTION PASSES SEVEN ZERO. I'D LIKE TO HAVE ONE MORE, UH, MAKE A MOTION TO DIRECT EDC LEGAL TO PREPARE THE SPAC PAPERWORK BY OUR NEXT MEETING IN SEPTEMBER 2ND. MOTION PRESENTED BY BOARD MEMBER SNYDER, SECONDED BY BOARD MEMBER PORTERFIELD. ANY DISCUSSION? HEARING NONE WILL CALL THE VOTE. SECRETARY GONZALEZ AYE. BOARD MEMBER WARNER. AYE. VICE CHAIR MORALES AYE. BOARD MEMBER MORRIS AYE. BOARD MEMBER SNYDER. AYE. BOARD MEMBER PORTERFIELD AYE. BOARD MEMBER THORNTON AYE. MOTION PASSES. SEVEN ZERO. THAT'S ALL I TAKE. ANY OTHER FURTHER ACTION RELATED TO EXECUTIVE SESSION? OKAY, MOVING ON. FUTURE AGENDA ITEMS? I HAVE ONE. OKAY. THAT WE, UH, PUT AN AGENDA FOR ELECTING OFFICERS. OKAY. I, ANY OTHER FUTURE AGENDA ITEM REQUESTS? ALL RIGHT. THE MEETING IS ADJOURNED. THE TIME IS NINE 16. THANK YOU. THANK YOU. THANK. * 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.