1 00:00:00,000 --> 00:00:02,000 . 2 00:00:30,000 --> 00:00:34,929 >> Good morning, everyone. I am John Baines. I'm the vice 3 00:00:34,929 --> 00:00:36,000 chairman of the economic development 4 00:00:36,000 --> 00:00:39,490 partnership board. And I'm glad to announce that we do have 5 00:00:39,490 --> 00:00:42,000 a quorum. And we will call the work 6 00:00:42,000 --> 00:00:49,659 session to order at 1103. And our first order of business 7 00:00:49,659 --> 00:00:50,000 is EDP session 18-026. We will receive a 8 00:00:50,000 --> 00:00:56,439 report and hold discussion regarding revisions to the city 9 00:00:56,439 --> 00:01:00,000 's public improvement district guidelines, 10 00:01:00,000 --> 00:01:10,000 better known as PITs. >> Good morning, Mr. Vice Chairman 11 00:01:10,000 --> 00:01:10,000 and members of the board. I'm John Baines. 12 00:01:10,000 --> 00:01:18,370 >> Good morning, Mr. Vice Chairman and members of the EDP 13 00:01:18,370 --> 00:01:22,000 board. It's good to see you all this morning. 14 00:01:22,000 --> 00:01:24,650 Everyone seems like they're in such a good mood. Beautiful 15 00:01:24,650 --> 00:01:28,000 day. Everyone's happy to be together. 16 00:01:28,000 --> 00:01:32,239 Talking about PITs again. Yay! Guess what? This will not be 17 00:01:32,239 --> 00:01:36,000 the last time we will talk about PITs. 18 00:01:36,000 --> 00:01:39,989 What I am going to do today is give you all an update based 19 00:01:39,989 --> 00:01:42,000 on the feedback that we got from the 20 00:01:42,000 --> 00:01:45,829 work session on PITs that we did with city council last 21 00:01:45,829 --> 00:01:50,000 night. And we will just run through that. 22 00:01:50,000 --> 00:01:53,599 And I am going to go quickly through these first slides 23 00:01:53,599 --> 00:01:56,000 because this is going to be a review of 24 00:01:56,000 --> 00:01:59,950 stuff that we've covered before for the most part. But if 25 00:01:59,950 --> 00:02:02,000 anybody has any questions, feel free to 26 00:02:02,000 --> 00:02:06,030 stop me, slow me down, and we'll get those taken care of. 27 00:02:06,030 --> 00:02:09,000 So what we're going to go through quickly is an 28 00:02:09,000 --> 00:02:12,530 overview of PITs as an economic development tool and their 29 00:02:12,530 --> 00:02:15,000 use and done to date. We're going to talk about 30 00:02:15,000 --> 00:02:17,879 how we've been before you with this before. We've been 31 00:02:17,879 --> 00:02:21,000 before the council with this before. I'm going to 32 00:02:21,000 --> 00:02:24,319 present some more specific options to mitigate the possible 33 00:02:24,319 --> 00:02:27,000 risk associated with PITs and also to 34 00:02:27,000 --> 00:02:30,129 maximize the benefits to the city when considering PIT 35 00:02:30,129 --> 00:02:33,000 projects. And we're going to revisit some things 36 00:02:33,000 --> 00:02:37,280 that we want to include in the draft PIT guidelines. So as 37 00:02:37,280 --> 00:02:41,000 you are all aware, PITs are an ED tool that are 38 00:02:41,000 --> 00:02:44,009 used to fund public improvements that benefit a 39 00:02:44,009 --> 00:02:48,000 specifically defined area. And the way that PITs are 40 00:02:48,000 --> 00:02:51,719 either funded on a pay as you go basis or the debt is 41 00:02:51,719 --> 00:02:55,000 backed up with assessed fees for the property 42 00:02:55,000 --> 00:02:58,289 owners within that defined area. They can be used for 43 00:02:58,289 --> 00:03:02,000 commercial or residential development. And there are 44 00:03:02,000 --> 00:03:05,659 some benefits of PITs to cities and developers. On the city 45 00:03:05,659 --> 00:03:08,000 side, they can increase the quality of 46 00:03:08,000 --> 00:03:11,289 development through better amenities. On the developer side 47 00:03:11,289 --> 00:03:13,000 , tax exempt debt helps provide funding for 48 00:03:13,000 --> 00:03:15,689 their public infrastructure and can reduce capital 49 00:03:15,689 --> 00:03:18,000 requirements and increase the developer's rate of 50 00:03:18,000 --> 00:03:22,159 return. You just heard me mention the two different types 51 00:03:22,159 --> 00:03:25,000 of PITs. They can be done on a pay as you go basis 52 00:03:25,000 --> 00:03:28,009 or a debt basis. And there are a couple different options 53 00:03:28,009 --> 00:03:31,000 underneath those two categories. Does anybody 54 00:03:31,000 --> 00:03:36,680 have any questions about this slide? As you're aware, 55 00:03:36,680 --> 00:03:40,000 cities around the state do use PITs to encourage 56 00:03:40,000 --> 00:03:43,280 development. And there's a short list of some of our 57 00:03:43,280 --> 00:03:46,000 neighboring communities that have them in place 58 00:03:46,000 --> 00:03:49,080 or have used them in the past. The specifics that surround 59 00:03:49,080 --> 00:03:52,000 PIT usage in different communities do vary 60 00:03:52,000 --> 00:03:54,650 according to what the city's policy goals are. So our goals 61 00:03:54,650 --> 00:03:57,000 are not going to be the same as Argyle's or 62 00:03:57,000 --> 00:04:01,030 Arlington's. And we will be using them for different 63 00:04:01,030 --> 00:04:04,000 reasons. This is just a quick chart that we put 64 00:04:04,000 --> 00:04:08,610 together about PITs that have issued or had bond sales 65 00:04:08,610 --> 00:04:13,000 either last year or this year so far. The list of 66 00:04:13,000 --> 00:04:16,339 the communities is over here on this side. The cost of 67 00:04:16,339 --> 00:04:21,000 authorized improvements is included. The value to 68 00:04:21,000 --> 00:04:26,060 lien ratio is included there. And we've had some discussion 69 00:04:26,060 --> 00:04:29,000 about, you know, what would be an ideal value 70 00:04:29,000 --> 00:04:34,579 to lien ratio from, you know, a policy standpoint. And most 71 00:04:34,579 --> 00:04:38,000 of the folks who analyze and think about 72 00:04:38,000 --> 00:04:42,100 PITs a lot fix that at a 3 to 1 value to lien ratio. But 73 00:04:42,100 --> 00:04:47,000 you can see here that some communities do 74 00:04:47,000 --> 00:04:49,990 choose to move forward with PITs either with no appraised 75 00:04:49,990 --> 00:04:53,000 value, so without finding out what that number is, 76 00:04:53,000 --> 00:04:55,480 or with a number that's below 3. And that, again, is 77 00:04:55,480 --> 00:05:02,000 dependent on what the community feels comfortable doing. 78 00:05:02,000 --> 00:05:07,149 We first approved PIT guidelines in 2007, and then we 79 00:05:07,149 --> 00:05:12,000 amended them in 2014. We do have one established PITs, 80 00:05:12,000 --> 00:05:15,629 Razor Ranch PIT number one. Reimbursement agreement for 81 00:05:15,629 --> 00:05:19,000 phase one infrastructure of that PIT was approved 82 00:05:19,000 --> 00:05:22,990 by the council in March of 2016. But since the service and 83 00:05:22,990 --> 00:05:26,000 assessment plan and finance plan have not yet been 84 00:05:26,000 --> 00:05:30,050 submitted, the PIT is not initiated. So no assessments have 85 00:05:30,050 --> 00:05:33,000 been levied and no bonds have been issued. 86 00:05:33,000 --> 00:05:35,250 Caroline, we have a question from the floor, please. On 87 00:05:35,250 --> 00:05:41,000 that, do those expire? I mean, they do expire. 88 00:05:41,000 --> 00:05:44,920 If full initiation isn't done within five years of the 89 00:05:44,920 --> 00:05:49,000 establishment of the PIT, it does expire. 90 00:05:49,000 --> 00:05:52,230 So within five years of 2016, that's when it was 91 00:05:52,230 --> 00:05:56,000 established? No, it's within five years of 2014. Okay. Yes. 92 00:05:56,000 --> 00:06:00,029 So coming up soon, relatively soon. And I'm sorry, May I? 93 00:06:00,029 --> 00:06:02,000 Go ahead, please. And will that come back through, 94 00:06:02,000 --> 00:06:05,160 or does it just automatically fall off? I mean, is there 95 00:06:05,160 --> 00:06:08,000 some sort of formal action that has to be taken or? 96 00:06:08,000 --> 00:06:12,709 I think it automatically falls off, but I'm going to ask 97 00:06:12,709 --> 00:06:16,000 Brian for his opinion on that, too. 98 00:06:16,000 --> 00:06:20,100 It's always tied up here at the podium. So the way this one 99 00:06:20,100 --> 00:06:24,000 was done is the PIT was created by council action. 100 00:06:24,000 --> 00:06:26,889 To create the PIT, the property owner would have to 101 00:06:26,889 --> 00:06:29,000 petition us to dissolve the PIT. 102 00:06:29,000 --> 00:06:31,470 There was a memorandum of understanding that the council 103 00:06:31,470 --> 00:06:35,410 also approved with the developer where the council and the 104 00:06:35,410 --> 00:06:37,000 developer agreed 105 00:06:37,000 --> 00:06:40,370 that if there was no action, they would seek to dissolve 106 00:06:40,370 --> 00:06:42,000 the PIT, but it doesn't happen automatically. 107 00:06:42,000 --> 00:06:45,279 They would have to petition us to do that. Then the council 108 00:06:45,279 --> 00:06:47,000 would have to approve that. 109 00:06:47,000 --> 00:06:49,930 If they were not to do that, they would be really in 110 00:06:49,930 --> 00:06:51,000 default of the MOU, 111 00:06:51,000 --> 00:06:53,600 and then the city would probably not have any obligation to 112 00:06:53,600 --> 00:06:57,199 proceed with the assessments or any kind of debt sale or 113 00:06:57,199 --> 00:06:59,000 anything like that. 114 00:06:59,000 --> 00:07:00,699 But it's not an automatic. It's really not related to the P 115 00:07:00,699 --> 00:07:03,550 IT law. It was really more related to the MOU that we had on 116 00:07:03,550 --> 00:07:05,000 that particular development. 117 00:07:05,000 --> 00:07:07,319 So hopefully that makes sense. But it is 2019. It is 118 00:07:07,319 --> 00:07:09,000 rapidly approaching. 119 00:07:09,000 --> 00:07:12,000 We've had some contact with the developer for Razor Ranch 120 00:07:12,000 --> 00:07:15,579 about potentially wanting us to do another reimbursement 121 00:07:15,579 --> 00:07:16,000 agreement 122 00:07:16,000 --> 00:07:18,180 for another set of improvements that have been done and 123 00:07:18,180 --> 00:07:21,000 looking at having that discussion perhaps later this year 124 00:07:21,000 --> 00:07:24,259 about their status of when they want to start the 125 00:07:24,259 --> 00:07:25,000 assessment. 126 00:07:25,000 --> 00:07:29,000 But it would fall under this same MOU? 127 00:07:29,000 --> 00:07:34,110 Right. That's right. And there were, this was really, you 128 00:07:34,110 --> 00:07:35,000 know, from our perspective, 129 00:07:35,000 --> 00:07:37,870 we would prefer to have the service and assessment plan, 130 00:07:37,870 --> 00:07:41,279 the financing plan, all those details on the front end in 131 00:07:41,279 --> 00:07:42,000 the future, 132 00:07:42,000 --> 00:07:44,209 so that you have all that laid out very clearly of what you 133 00:07:44,209 --> 00:07:45,000 're going to do. 134 00:07:45,000 --> 00:07:48,029 The MOU was an attempt to have a basic framework around 135 00:07:48,029 --> 00:07:50,000 what the deal points would be. 136 00:07:50,000 --> 00:07:52,829 But all that has not really been detailed with any specific 137 00:07:52,829 --> 00:07:55,000 ity about what the assessment would be. 138 00:07:55,000 --> 00:07:58,000 How much is it? What improvements is it going to pay for? 139 00:07:58,000 --> 00:08:01,110 It was really kind of an attempt to help the development 140 00:08:01,110 --> 00:08:03,680 get started and move forward with some of that 141 00:08:03,680 --> 00:08:05,000 infrastructure. 142 00:08:05,000 --> 00:08:07,589 That's a long-winded answer, but it's not automatic by any 143 00:08:07,589 --> 00:08:09,000 stretch of the imagination. 144 00:08:09,000 --> 00:08:10,000 Okay. Thank you. 145 00:08:10,000 --> 00:08:14,000 Okay. Thank you. 146 00:08:14,000 --> 00:08:18,439 So I always learn something from Brian when he comes up to 147 00:08:18,439 --> 00:08:20,000 the microphone. 148 00:08:20,000 --> 00:08:23,000 Some of the things that Brian mentioned with the service 149 00:08:23,000 --> 00:08:25,519 and assessment plan, the finance plan not being submitted 150 00:08:25,519 --> 00:08:26,000 on that PID, 151 00:08:26,000 --> 00:08:31,050 as well as the concept of an MOU, we are addressing those 152 00:08:31,050 --> 00:08:34,000 by changes to the PID policy by requiring those things up 153 00:08:34,000 --> 00:08:34,000 front 154 00:08:34,000 --> 00:08:38,029 and by requiring what's called a development agreement, 155 00:08:38,029 --> 00:08:41,830 which is, you know, it's a little bit more serious of a 156 00:08:41,830 --> 00:08:43,000 form of an MOU. 157 00:08:43,000 --> 00:08:48,990 So we've learned some lessons in our proposing changes 158 00:08:48,990 --> 00:08:51,000 going forward. 159 00:08:51,000 --> 00:08:55,909 So we have done several work sessions on the topic with the 160 00:08:55,909 --> 00:08:59,000 EDP board, with council, 161 00:08:59,000 --> 00:09:01,220 and we have made revisions to the guidelines based on 162 00:09:01,220 --> 00:09:03,000 feedback from the different bodies. 163 00:09:03,000 --> 00:09:07,269 The last time that we were here before this group, the 164 00:09:07,269 --> 00:09:11,659 council had directed us to exclude residential PIDs from 165 00:09:11,659 --> 00:09:14,000 the guidelines. 166 00:09:14,000 --> 00:09:17,179 And some in this group had some concerns about a blanket 167 00:09:17,179 --> 00:09:20,440 exclusion of that and the fact that that might cause us to 168 00:09:20,440 --> 00:09:24,440 miss out on opportunities for projects that we would like 169 00:09:24,440 --> 00:09:25,000 to consider. 170 00:09:25,000 --> 00:09:28,990 So last night I passed along that concern to council 171 00:09:28,990 --> 00:09:33,000 members and some of them did share that concern. 172 00:09:33,000 --> 00:09:35,700 And so one of the significant changes that came out of the 173 00:09:35,700 --> 00:09:39,700 work session last night is that we will be adding back in 174 00:09:39,700 --> 00:09:43,000 residential PIDs to the guidelines. 175 00:09:43,000 --> 00:09:49,210 Along with these best practices that we are including in 176 00:09:49,210 --> 00:09:51,000 the guidelines, 177 00:09:51,000 --> 00:09:54,490 which include requirement of an independent assessment of a 178 00:09:54,490 --> 00:09:58,320 PID projects service and assessment plan and finance plan 179 00:09:58,320 --> 00:10:00,000 prior, as I just mentioned, 180 00:10:00,000 --> 00:10:04,460 and requiring that development agreement that has a scope 181 00:10:04,460 --> 00:10:08,399 that covers land development, infrastructure, vertical 182 00:10:08,399 --> 00:10:09,000 improvements. 183 00:10:09,000 --> 00:10:12,960 And there was a request from council to make sure that the 184 00:10:12,960 --> 00:10:17,299 development requirements for vertical improvements or the 185 00:10:17,299 --> 00:10:20,000 buildings, whether they're home or commercial buildings, 186 00:10:20,000 --> 00:10:23,730 but primarily on the residential side that they exceed the 187 00:10:23,730 --> 00:10:26,000 standards in the development code. 188 00:10:26,000 --> 00:10:28,940 And so we're going to be including language to that effect 189 00:10:28,940 --> 00:10:31,000 in the revisions of the guidelines. 190 00:10:31,000 --> 00:10:33,860 And then as you've heard me say before, we're going to be 191 00:10:33,860 --> 00:10:36,940 requiring developer reimbursement for the city's costs to 192 00:10:36,940 --> 00:10:40,000 establish and administer the PID. And that's very common 193 00:10:40,000 --> 00:10:45,000 with other communities to require that. 194 00:10:45,000 --> 00:10:49,000 So here's a slide with a lot of words on it. 195 00:10:49,000 --> 00:10:54,710 I skipped ahead a little bit, but residential PIDs back in 196 00:10:54,710 --> 00:10:56,000 the guidelines. 197 00:10:56,000 --> 00:10:59,139 So we're going to be expanding on the concept of demonstra 198 00:10:59,139 --> 00:11:02,000 ble public benefit and how it can be determined. 199 00:11:02,000 --> 00:11:06,000 Please note that you do not have a handout to that effect. 200 00:11:06,000 --> 00:11:08,419 So ignore that that's up there. This is what happens when 201 00:11:08,419 --> 00:11:11,860 we try to like make a presentation 12 hours after the last 202 00:11:11,860 --> 00:11:15,000 thing happened, miss a few of the edits. 203 00:11:15,000 --> 00:11:18,940 So rest assured that we are working on the demonstrable 204 00:11:18,940 --> 00:11:23,240 public benefit definition and ways to determine whether it 205 00:11:23,240 --> 00:11:25,000 's happening or not. 206 00:11:25,000 --> 00:11:27,470 There was also some concern about notice to residential 207 00:11:27,470 --> 00:11:30,019 purchasers of the fact that there would be a PID assessment 208 00:11:30,019 --> 00:11:31,000 on the property. 209 00:11:31,000 --> 00:11:34,620 And that did also come up last time we were talking in this 210 00:11:34,620 --> 00:11:36,000 group about that. 211 00:11:36,000 --> 00:11:40,370 So there are some steps that can be taken. Those are just a 212 00:11:40,370 --> 00:11:45,000 couple of things we can do there under the bullet. 213 00:11:45,000 --> 00:11:48,710 There are other things that can be done as well, and we 214 00:11:48,710 --> 00:11:52,639 will make sure to address the fact that extra steps beyond 215 00:11:52,639 --> 00:11:57,000 what's required under the Texas property code will be 216 00:11:57,000 --> 00:12:00,000 necessary for notification in any PID. 217 00:12:00,000 --> 00:12:03,629 And that will be again this development agreement is the 218 00:12:03,629 --> 00:12:07,250 vehicle that we use to outline all of those very specific 219 00:12:07,250 --> 00:12:10,000 to the project things that have to happen. 220 00:12:10,000 --> 00:12:13,230 This checklist of development standards for residential 221 00:12:13,230 --> 00:12:16,649 development again touched on that a little bit, but we're 222 00:12:16,649 --> 00:12:20,409 going to we're going to ensure that the developer knows 223 00:12:20,409 --> 00:12:25,000 that they will be required to exceed what's in the code. 224 00:12:25,000 --> 00:12:28,210 But we're working with outside council to determine when 225 00:12:28,210 --> 00:12:31,480 when and where is the appropriate place to put that initial 226 00:12:31,480 --> 00:12:34,539 thoughts that it would go in the development agreement 227 00:12:34,539 --> 00:12:36,000 versus in the policy. 228 00:12:36,000 --> 00:12:39,370 So they'll be told it will be included in the development 229 00:12:39,370 --> 00:12:42,870 agreement, but we won't have to have a policy that tries to 230 00:12:42,870 --> 00:12:46,019 detail each and every aspect of what we would want the 231 00:12:46,019 --> 00:12:49,320 development to look like so more on that later but we're 232 00:12:49,320 --> 00:12:51,000 working on options. 233 00:12:51,000 --> 00:12:54,720 Then the issue of an assessment cap was raised, and there 234 00:12:54,720 --> 00:12:58,610 was some interesting discussion around, if you say this is 235 00:12:58,610 --> 00:13:02,570 the assessment cap which currently it's at 40 cents per $ 236 00:13:02,570 --> 00:13:07,000 100 worth evaluation if you say that's what it is, isn't 237 00:13:07,000 --> 00:13:10,000 everyone going to try to get their project up to that cap 238 00:13:10,000 --> 00:13:11,000 amount, 239 00:13:11,000 --> 00:13:13,940 and it's always going to be 40 cents it's not going to be 240 00:13:13,940 --> 00:13:15,000 lower than that. 241 00:13:15,000 --> 00:13:18,970 So one thing that we were looking at is maybe phrasing it 242 00:13:18,970 --> 00:13:23,539 as there is an assessment of whether it's 40 cents or 30 243 00:13:23,539 --> 00:13:28,320 cents per $100 valuation, putting that in there as kind of 244 00:13:28,320 --> 00:13:32,289 a benchmark but then saying preference will be given to 245 00:13:32,289 --> 00:13:35,000 lower assessments in the evaluation 246 00:13:35,000 --> 00:13:38,470 project. So it's a way to to tag it to a number so that we 247 00:13:38,470 --> 00:13:42,279 're not just saying preferences given to lower assessments 248 00:13:42,279 --> 00:13:47,210 but what is lower mean lower than what. So there's a, there 249 00:13:47,210 --> 00:13:50,000 's a number to tie it to. 250 00:13:50,000 --> 00:13:53,809 We are looking at limit limiting the percentage of the cost 251 00:13:53,809 --> 00:13:57,669 of eligible projects that can be reimbursed by a PID. So, 252 00:13:57,669 --> 00:14:01,809 if theoretically you could reimburse 100% of the public 253 00:14:01,809 --> 00:14:06,440 infrastructure costs via a PID, looking at limiting that to 254 00:14:06,440 --> 00:14:10,000 50% just as an example of costs, 255 00:14:10,000 --> 00:14:13,659 which would be a way to potentially take the assessment 256 00:14:13,659 --> 00:14:17,259 lower, which is one of the goals there so options are on 257 00:14:17,259 --> 00:14:20,000 the table we're thinking about this. 258 00:14:20,000 --> 00:14:23,600 But for the reason of all of this came up last night, we 259 00:14:23,600 --> 00:14:27,389 now know the direction that the council wants to take but 260 00:14:27,389 --> 00:14:31,120 we still need a little bit more time to prepare the actual 261 00:14:31,120 --> 00:14:33,000 edits to the guidelines. 262 00:14:33,000 --> 00:14:39,000 Your agenda shows a request for a recommendation today. 263 00:14:39,000 --> 00:14:42,389 And the question is, and, and the opinion of folks in the 264 00:14:42,389 --> 00:14:45,740 city management office is that we're not ready to ask you 265 00:14:45,740 --> 00:14:48,750 to do that today because we want to make sure that we 266 00:14:48,750 --> 00:14:52,080 actually get the draft in front of you before we ask you to 267 00:14:52,080 --> 00:14:54,000 recommend it. 268 00:14:54,000 --> 00:14:57,000 So that will be your decision. 269 00:14:57,000 --> 00:14:59,889 When that time comes around on the agenda and during the 270 00:14:59,889 --> 00:15:01,000 regular meeting. 271 00:15:01,000 --> 00:15:04,350 So if you're comfortable you don't feel ready doing that 272 00:15:04,350 --> 00:15:07,919 today, don't feel obligated to, but that does mean we have 273 00:15:07,919 --> 00:15:10,000 to talk about it one more time. 274 00:15:10,000 --> 00:15:13,000 At least one more time. 275 00:15:13,000 --> 00:15:17,059 So moving on some other things that we are going to include 276 00:15:17,059 --> 00:15:21,120 in the revisions to the policy are some specific ways to do 277 00:15:21,120 --> 00:15:23,000 that risk mitigation. 278 00:15:23,000 --> 00:15:26,250 So we're going to be doing an application and application 279 00:15:26,250 --> 00:15:29,690 fee of X amount we're starting with $25 but we're going to 280 00:15:29,690 --> 00:15:33,100 be doing some benchmarking against what other communities 281 00:15:33,100 --> 00:15:34,000 ask for. 282 00:15:34,000 --> 00:15:37,620 And then that could be put an escrow and drawn down to 283 00:15:37,620 --> 00:15:42,000 apply to the cost of the review and vetting of the project. 284 00:15:42,000 --> 00:15:45,279 Caroline, did you say 25 or 25,000. I'm sorry 25,000. All 285 00:15:45,279 --> 00:15:47,000 right, thank you. 286 00:15:47,000 --> 00:15:51,000 $25 would get you not much. 287 00:15:51,000 --> 00:15:57,000 Caroline. 288 00:15:57,000 --> 00:16:00,809 How did that number come about? Is that kind of the minimum 289 00:16:00,809 --> 00:16:04,000 of any costs that have been associated with? 290 00:16:04,000 --> 00:16:08,899 In the world of PID policies that we have reviewed in the 291 00:16:08,899 --> 00:16:12,850 course of all of this, we've seen application fees ranging 292 00:16:12,850 --> 00:16:18,000 from $2,000 to $50 or $60,000. 293 00:16:18,000 --> 00:16:21,500 I've spoken to our representatives at Hilltop Securities 294 00:16:21,500 --> 00:16:26,139 that do some of these analysis projects and they say that $ 295 00:16:26,139 --> 00:16:32,000 25,000 is a reasonable amount to get started on an analysis 296 00:16:32,000 --> 00:16:34,220 and to make sure that the person that you're talking to is 297 00:16:34,220 --> 00:16:35,000 serious. 298 00:16:35,000 --> 00:16:39,039 By putting up, I mean that's a significant amount of money. 299 00:16:39,039 --> 00:16:42,610 They did say that it probably wouldn't cover the entire 300 00:16:42,610 --> 00:16:45,940 cost of a review because you're going to want to have 301 00:16:45,940 --> 00:16:50,000 financial folks, your legal outside counsel, bond counsel 302 00:16:50,000 --> 00:16:51,000 review it. 303 00:16:51,000 --> 00:16:55,360 But it's a number that is a differentiator between people 304 00:16:55,360 --> 00:16:59,620 who have the resources and are serious enough to put up an 305 00:16:59,620 --> 00:17:03,909 amount of money that's significant versus those who are 306 00:17:03,909 --> 00:17:09,000 kind of fishing around, don't really have the financial 307 00:17:09,000 --> 00:17:12,289 status to be able to do this or maybe just kind of seeing 308 00:17:12,289 --> 00:17:14,000 what they can get the city to do. 309 00:17:14,000 --> 00:17:18,400 So it's not science, but it's kind of taking a look at what 310 00:17:18,400 --> 00:17:21,000 other communities are doing. 311 00:17:21,000 --> 00:17:23,319 It sounds like it is below the minimum of what would be 312 00:17:23,319 --> 00:17:27,869 eventually required for anyone to process it here in the 313 00:17:27,869 --> 00:17:29,000 city. 314 00:17:29,000 --> 00:17:32,990 I think that's a fair assessment of it. It's not intended 315 00:17:32,990 --> 00:17:36,190 to be a catch-all, cover all of the cost amount, but it's a 316 00:17:36,190 --> 00:17:39,359 place to start and kind of separate serious projects from 317 00:17:39,359 --> 00:17:41,000 less than serious ones. 318 00:17:41,000 --> 00:17:44,000 Good question. 319 00:17:44,000 --> 00:17:48,029 We want to put a term limit on PIDs of any type, whether it 320 00:17:48,029 --> 00:17:52,519 's debt or pay as you go, not to exceed 30 years. That's in 321 00:17:52,519 --> 00:17:55,690 line with what's currently in our policy and that's in line 322 00:17:55,690 --> 00:17:59,000 with other policies that we've seen from other communities. 323 00:17:59,000 --> 00:18:03,539 Back to that value to lien ratio of three to one being 324 00:18:03,539 --> 00:18:05,000 preferable. 325 00:18:05,000 --> 00:18:07,779 So it's not a requirement. It's just preferable because 326 00:18:07,779 --> 00:18:10,450 that was a concern I had after looking at some of the other 327 00:18:10,450 --> 00:18:12,000 cities and where they are. 328 00:18:12,000 --> 00:18:15,660 We do want to have some flexibility built in just like we 329 00:18:15,660 --> 00:18:18,000 have with our incentive policy. 330 00:18:18,000 --> 00:18:21,710 So this is why we have to come back with it because we don 331 00:18:21,710 --> 00:18:25,279 't want to back ourselves into a corner by trying to do 332 00:18:25,279 --> 00:18:27,000 something too fast. 333 00:18:27,000 --> 00:18:31,109 One option is to consider only reimbursement bonds instead 334 00:18:31,109 --> 00:18:35,109 of bonds that are issued before a project is started. So 335 00:18:35,109 --> 00:18:37,809 that way you can say once the city officially accepts your 336 00:18:37,809 --> 00:18:42,000 public infrastructure or once you've completed 75% of the 337 00:18:42,000 --> 00:18:45,240 public infrastructure and it's 75% has been accepted, the 338 00:18:45,240 --> 00:18:46,000 bonds will be sold. 339 00:18:46,000 --> 00:18:51,460 So that's some way to tie it to completion of work and 340 00:18:51,460 --> 00:18:57,420 actual benchmark in the process of the project. Then we are 341 00:18:57,420 --> 00:18:59,660 looking at ways to express that there's a preference for 342 00:18:59,660 --> 00:19:01,000 certain sizes of projects. 343 00:19:01,000 --> 00:19:05,369 Again, you want it to be significant and so a benchmark 344 00:19:05,369 --> 00:19:09,380 place to start, other communities have used it as 345 00:19:09,380 --> 00:19:14,630 commercial projects that are above 100 acres will be given 346 00:19:14,630 --> 00:19:17,269 preference. Residential projects that are above 300 acres 347 00:19:17,269 --> 00:19:18,000 will be given projects. 348 00:19:18,000 --> 00:19:24,240 Another way to approach it from the residential side would 349 00:19:24,240 --> 00:19:30,210 be minimum number of lots of a minimum size would be given 350 00:19:30,210 --> 00:19:32,000 preference. So we'll work on the specific language about 351 00:19:32,000 --> 00:19:32,000 that. 352 00:19:32,000 --> 00:19:49,000 Yes. What about for for minimum lots concerns me because if 353 00:19:49,000 --> 00:19:49,000 people wanted to invent to develop live or work play 354 00:19:49,000 --> 00:19:49,000 locations smaller lots, but they may be higher value. 355 00:19:49,000 --> 00:20:01,579 And then also how to live workspace in it. Obviously give 356 00:20:01,579 --> 00:20:06,160 you a smaller law. Right. And that's, that's a good point 357 00:20:06,160 --> 00:20:06,390 and that goes back to building in the flexibility, like, 358 00:20:06,390 --> 00:20:06,599 some of these things I think will be presented more like 359 00:20:06,599 --> 00:20:06,789 these are these are things we will use to analyze your 360 00:20:06,789 --> 00:20:07,000 project. 361 00:20:07,000 --> 00:20:10,829 So we're going to use kind of a cafeteria option of choices 362 00:20:10,829 --> 00:20:14,519 , so that if a unique project comes up that has an aspect 363 00:20:14,519 --> 00:20:17,880 that makes it might not fit but it makes sense from a 364 00:20:17,880 --> 00:20:21,880 different perspective of what's trying to help us achieve a 365 00:20:21,880 --> 00:20:26,000 goal of density or higher quality 366 00:20:26,000 --> 00:20:29,730 development that you know comes closer to covering its cost 367 00:20:29,730 --> 00:20:33,390 of service or something like that. We want the council to 368 00:20:33,390 --> 00:20:36,660 have the flexibility to be able to do that and not just 369 00:20:36,660 --> 00:20:39,000 exclude things. So, good point. 370 00:20:39,000 --> 00:20:44,000 I had a question alone that same line, Caroline. 371 00:20:44,000 --> 00:20:48,059 Going from my memory I remember us having a conversation 372 00:20:48,059 --> 00:20:52,470 about that, in general, we didn't want housing, unless it 373 00:20:52,470 --> 00:20:56,819 brought something very unique to the table. Is that still 374 00:20:56,819 --> 00:21:00,779 the, the nexus of the conversation, it is, and that's, that 375 00:21:00,779 --> 00:21:05,000 's absolutely going to be addressed in the revisions 376 00:21:05,000 --> 00:21:10,950 in terms of this is what demonstrable public benefit is, 377 00:21:10,950 --> 00:21:14,000 and here's how we judge it. 378 00:21:14,000 --> 00:21:17,730 We're housing to adhere to standards that are higher than 379 00:21:17,730 --> 00:21:21,299 the minimum in the development code and that will be cod 380 00:21:21,299 --> 00:21:25,029 ified in in a developer agreement which will be part of the 381 00:21:25,029 --> 00:21:28,759 formation documents of the pit. So I think that's still 382 00:21:28,759 --> 00:21:33,000 what everybody's opinion is, is that it's intended to 383 00:21:33,000 --> 00:21:35,000 support higher quality 384 00:21:35,000 --> 00:21:38,940 development, brings better amenities that has home prices 385 00:21:38,940 --> 00:21:42,569 that cover its cost of service, those things that would 386 00:21:42,569 --> 00:21:46,599 differentiate it from current projects current development 387 00:21:46,599 --> 00:21:48,000 of residential. 388 00:21:48,000 --> 00:21:49,000 Thank you. 389 00:21:49,000 --> 00:21:50,000 You're welcome. 390 00:21:50,000 --> 00:21:53,000 I think this is the end of my presentation. 391 00:21:53,000 --> 00:21:56,000 So, 392 00:21:56,000 --> 00:22:00,000 does anyone have any other questions. 393 00:22:00,000 --> 00:22:22,000 Okay. 394 00:22:22,000 --> 00:22:26,000 Thank you, Caroline. You're welcome. 395 00:22:26,000 --> 00:22:30,000 Let's see. 396 00:22:30,000 --> 00:22:36,000 The next order of business is EDP 18 025. 397 00:22:36,000 --> 00:22:40,190 We'll have a discussion and give staff direction regarding 398 00:22:40,190 --> 00:22:43,940 the second annual taking care of business and little D 399 00:22:43,940 --> 00:22:45,000 workshop. 400 00:22:45,000 --> 00:22:46,000 Let's see. 401 00:22:46,000 --> 00:22:52,000 Please. 402 00:22:52,000 --> 00:22:57,000 Christina Davis right. 403 00:22:57,000 --> 00:22:59,000 How are you all doing today. 404 00:22:59,000 --> 00:23:04,000 Great. 405 00:23:04,000 --> 00:23:07,559 I did not prepare a PowerPoint presentation just to save 406 00:23:07,559 --> 00:23:11,099 some time because I just want to give you a brief update on 407 00:23:11,099 --> 00:23:14,519 the workshop that we'll be having so this is our second 408 00:23:14,519 --> 00:23:20,000 year to participate in the national small business week. 409 00:23:20,000 --> 00:23:23,549 The small business week started approximately in 1963 with 410 00:23:23,549 --> 00:23:26,650 the president issuing a proclamation announcing that it was 411 00:23:26,650 --> 00:23:28,000 small business week. 412 00:23:28,000 --> 00:23:31,769 These small business administration each year participates 413 00:23:31,769 --> 00:23:35,190 by providing support and training for small businesses 414 00:23:35,190 --> 00:23:39,039 outside of what they normally would do and so as part of 415 00:23:39,039 --> 00:23:43,000 the shop here on purpose program. 416 00:23:43,000 --> 00:23:46,849 We were looking at ways to support small businesses and we 417 00:23:46,849 --> 00:23:50,539 thought this would be a great opportunity. So reaching out 418 00:23:50,539 --> 00:23:52,500 to some of our small businesses we asked them what kind of 419 00:23:52,500 --> 00:23:54,000 things would you like to know more about. 420 00:23:54,000 --> 00:23:56,920 We got back lots of information and we kind of narrowed 421 00:23:56,920 --> 00:24:00,180 that down into four categories which are marketing how they 422 00:24:00,180 --> 00:24:03,390 can protect their business ways they can strengthen their 423 00:24:03,390 --> 00:24:06,250 business and to grow it and I know some of those kind of 424 00:24:06,250 --> 00:24:10,000 sound the same but they are just a little bit different. 425 00:24:10,000 --> 00:24:14,349 This year we have a great workshop. We have people from the 426 00:24:14,349 --> 00:24:17,690 community and we also use staff so that we can provide this 427 00:24:17,690 --> 00:24:20,710 workshop for free our small businesses so all small 428 00:24:20,710 --> 00:24:24,130 businesses in Denton are encouraged to intend we work with 429 00:24:24,130 --> 00:24:28,000 the chamber and by chamber members to attend as well. 430 00:24:28,000 --> 00:24:32,539 And this year we have some great speakers we're going to be 431 00:24:32,539 --> 00:24:37,059 working on social media and the forge maker space which is 432 00:24:37,059 --> 00:24:41,509 a small business support center that's located at one of 433 00:24:41,509 --> 00:24:45,000 our libraries of the North French Library. 434 00:24:45,000 --> 00:24:48,569 We're talking about when distress when disaster strikes and 435 00:24:48,569 --> 00:24:51,920 in light of some of the recent things that have happened on 436 00:24:51,920 --> 00:24:54,869 the square with the fire and we found out a lot of our 437 00:24:54,869 --> 00:24:58,000 businesses are not prepared in case of emergency. 438 00:24:58,000 --> 00:25:01,170 We have we have Michael Petaluma who is our emergency 439 00:25:01,170 --> 00:25:04,569 management coordinator who's going to speak and we have 440 00:25:04,569 --> 00:25:08,109 someone from an insurance company who will be here to speak 441 00:25:08,109 --> 00:25:11,519 and to help give our small businesses some direction and 442 00:25:11,519 --> 00:25:15,049 some assistance and how to prepare in case the you know 443 00:25:15,049 --> 00:25:18,000 something like a fire were to happen or even in the camp in 444 00:25:18,000 --> 00:25:22,000 the chance of a natural disaster. 445 00:25:22,000 --> 00:25:25,799 We're also going to talk about how they can strengthen 446 00:25:25,799 --> 00:25:30,470 their business by leveraging the workforce training that's 447 00:25:30,470 --> 00:25:35,039 available through the state also from SBA for developing 448 00:25:35,039 --> 00:25:39,589 and and getting leverage funding and also how to use local 449 00:25:39,589 --> 00:25:42,000 opportunities through stoke. 450 00:25:42,000 --> 00:25:44,640 We've also talked to trainings lunch and learns and 451 00:25:44,640 --> 00:25:47,160 workshops and so we want to help and help our small 452 00:25:47,160 --> 00:25:50,240 businesses to leverage those activities to maximize their 453 00:25:50,240 --> 00:25:52,000 strength in their business. 454 00:25:52,000 --> 00:25:56,349 Then we also have a couple special things happening as far 455 00:25:56,349 --> 00:26:00,849 as growing their business by creating a memorable customer 456 00:26:00,849 --> 00:26:02,000 experience. 457 00:26:02,000 --> 00:26:07,000 So, Shannon, and I'll hope I get her last name. 458 00:26:07,000 --> 00:26:08,000 Manage. 459 00:26:08,000 --> 00:26:09,000 Man. 460 00:26:09,000 --> 00:26:10,000 How do you say it. 461 00:26:10,000 --> 00:26:14,349 She'll be with us to speak and then also will be doing some 462 00:26:14,349 --> 00:26:17,000 frontline training for staff. 463 00:26:17,000 --> 00:26:22,359 So if you have a retail business and you want to help your 464 00:26:22,359 --> 00:26:26,250 staff create a memorable customer experience, we have some 465 00:26:26,250 --> 00:26:28,000 training for that as well. 466 00:26:28,000 --> 00:26:31,900 So we've structured the workshop with the most popular 467 00:26:31,900 --> 00:26:35,769 items in the morning to allow for businesses that open a 468 00:26:35,769 --> 00:26:39,500 little bit later and we just encourage them to attend 469 00:26:39,500 --> 00:26:43,000 either one seminar or the whole day seminar. 470 00:26:43,000 --> 00:26:46,829 So we're really excited to be able to offer this to our 471 00:26:46,829 --> 00:26:48,000 community. 472 00:26:48,000 --> 00:26:50,000 Questions, please. 473 00:26:50,000 --> 00:26:51,000 Sure. 474 00:26:51,000 --> 00:26:55,349 Hi, I learned recently that I think it's the North Branch 475 00:26:55,349 --> 00:26:59,000 Library has a small business support group. 476 00:26:59,000 --> 00:27:01,000 They do have you all reached out to them. 477 00:27:01,000 --> 00:27:02,000 Are they aware? 478 00:27:02,000 --> 00:27:05,000 I mean, is there communication between? 479 00:27:05,000 --> 00:27:07,319 Yes, we definitely work with them and we've also been 480 00:27:07,319 --> 00:27:08,000 promoting. 481 00:27:08,000 --> 00:27:11,359 They have a workshop coming up on the twenty first of this 482 00:27:11,359 --> 00:27:12,000 month. 483 00:27:12,000 --> 00:27:18,000 It's for with it's a women's business outreach. 484 00:27:18,000 --> 00:27:21,990 And so they'll be opening up their forage workmaker space 485 00:27:21,990 --> 00:27:24,000 for this event to do that. 486 00:27:24,000 --> 00:27:28,000 So we do coordinate with them and actually Randy. 487 00:27:28,000 --> 00:27:29,000 I'm sorry. 488 00:27:29,000 --> 00:27:34,579 Yes, it's Randy Simmons will be here to talk about the for 489 00:27:34,579 --> 00:27:40,000 age and just explain what they do, what they offer there, 490 00:27:40,000 --> 00:27:42,369 the types of support groups that they have in those types 491 00:27:42,369 --> 00:27:43,000 of things. 492 00:27:43,000 --> 00:27:45,000 Forage. 493 00:27:45,000 --> 00:27:46,000 The forage. 494 00:27:46,000 --> 00:27:49,000 And that's the name of the support group. 495 00:27:49,000 --> 00:27:52,000 That's the make that's the space, the makerspace. 496 00:27:52,000 --> 00:27:55,000 So they call it the forage of RG makerspace. 497 00:27:55,000 --> 00:27:58,160 And they did lots of other things besides small business, 498 00:27:58,160 --> 00:28:01,190 but the small business workshop and what they do there is 499 00:28:01,190 --> 00:28:02,000 part of it. 500 00:28:02,000 --> 00:28:04,000 So good part of it. 501 00:28:04,000 --> 00:28:08,839 So I wanted to add something to Councilmember Briggs 502 00:28:08,839 --> 00:28:10,000 comment. 503 00:28:10,000 --> 00:28:13,869 When my staff developed this TCB and the program for the 504 00:28:13,869 --> 00:28:17,599 first time last year, that's when we really started 505 00:28:17,599 --> 00:28:21,910 intentionally and actively collaborating with the folks at 506 00:28:21,910 --> 00:28:26,000 the North Branch Library, because that is where the forages 507 00:28:26,000 --> 00:28:27,000 housed. 508 00:28:27,000 --> 00:28:31,799 The business library and the person who specializes in 509 00:28:31,799 --> 00:28:35,000 business is housed there as well. 510 00:28:35,000 --> 00:28:38,000 And so we have worked really hard on cross promoting. 511 00:28:38,000 --> 00:28:41,400 They came in and were on the key support team when we did 512 00:28:41,400 --> 00:28:45,000 the Stoke transition, their business librarian was. 513 00:28:45,000 --> 00:28:48,279 And so we've really grown that partnership and made a 514 00:28:48,279 --> 00:28:51,859 concerted effort to share information, cross promote 515 00:28:51,859 --> 00:28:55,130 resources and make sure that we're doing good referrals 516 00:28:55,130 --> 00:28:59,430 back and forth between what programs they offer and what 517 00:28:59,430 --> 00:29:02,700 resources they can help people learn about and what we can 518 00:29:02,700 --> 00:29:05,000 do for businesses in the economic development office. 519 00:29:05,000 --> 00:29:07,000 So it's been great. 520 00:29:07,000 --> 00:29:09,839 Yeah, awesome. Thanks. Nice. We refer a lot of people there 521 00:29:09,839 --> 00:29:10,000 . 522 00:29:10,000 --> 00:29:13,000 Yeah. 523 00:29:13,000 --> 00:29:16,480 So Christina on on May the third. Yes, sir. And the 524 00:29:16,480 --> 00:29:20,240 location again is it's here at City Hall here at City Hall 525 00:29:20,240 --> 00:29:21,000 will be. 526 00:29:21,000 --> 00:29:24,000 We'll have the workshop upstairs in the council chambers. 527 00:29:24,000 --> 00:29:30,000 At what time it starts at 830 am registration starts today. 528 00:29:30,000 --> 00:29:34,029 And on it goes until it goes until 430. Okay, thank you. 529 00:29:34,029 --> 00:29:36,000 Yeah. 530 00:29:36,000 --> 00:29:40,849 We do have a link for people to register and it's through 531 00:29:40,849 --> 00:29:44,000 our Facebook page shop in Texas. 532 00:29:44,000 --> 00:29:47,000 One more comment, please. 533 00:29:47,000 --> 00:29:50,839 I know that we actually on this particular board have a 534 00:29:50,839 --> 00:29:54,579 number of people who are small business owners in our 535 00:29:54,579 --> 00:29:58,579 community. So I would like to ask those people to raise 536 00:29:58,579 --> 00:30:02,160 their hands so that we can all recognize them small 537 00:30:02,160 --> 00:30:07,000 businesses, one, two, three, four, five. Yeah. 538 00:30:07,000 --> 00:30:10,059 So that's pretty impressive. We know that it is a big time 539 00:30:10,059 --> 00:30:12,900 commitment for y'all to take time out of running those 540 00:30:12,900 --> 00:30:15,910 businesses to be here. So thank you for what you do in our 541 00:30:15,910 --> 00:30:18,700 community from a business standpoint and also from a 542 00:30:18,700 --> 00:30:22,000 volunteer standpoint on this board and others. 543 00:30:22,000 --> 00:30:25,000 So thank you very much. 544 00:30:25,000 --> 00:30:27,000 Thank you for those kind words. 545 00:30:27,000 --> 00:30:33,000 Any more questions of Christina before she concludes. 546 00:30:33,000 --> 00:30:39,000 Thank you so much. Thank you so much. 547 00:30:39,000 --> 00:30:43,000 There being no other items for the work session. 548 00:30:43,000 --> 00:30:55,000 We will adjourn the work session at 1133 and a half about 549 00:30:55,000 --> 00:30:55,000 that. 550 00:30:55,000 --> 00:31:07,000 Now that we've completed that portion of the agenda. 551 00:31:07,000 --> 00:31:10,869 Since this is my first time I'm reading my script so please 552 00:31:10,869 --> 00:31:12,000 bear with me. 553 00:31:12,000 --> 00:31:28,059 I'll call the regular meeting to order at 1134. And the 554 00:31:28,059 --> 00:31:28,609 first order of business is to consider the minutes of the 555 00:31:28,609 --> 00:31:29,329 March 23rd 2018 meeting, and I'll give everyone a chance to 556 00:31:29,329 --> 00:31:30,000 review them briefly before we vote on them. 557 00:31:30,000 --> 00:31:39,000 Thank you. 558 00:31:39,000 --> 00:31:43,000 And once you're ready just say I'm ready. 559 00:31:43,000 --> 00:31:59,000 Call the question. 560 00:31:59,000 --> 00:32:02,000 We're ready. Okay, we're ready. Good deal. 561 00:32:02,000 --> 00:32:04,000 I make a motion for approval. 562 00:32:04,000 --> 00:32:07,279 We have a motion on the floor to approve the minutes as 563 00:32:07,279 --> 00:32:08,000 presented. 564 00:32:08,000 --> 00:32:14,000 Second, Bob aims and 565 00:32:14,000 --> 00:32:19,000 any further discussion of the minutes. 566 00:32:19,000 --> 00:32:21,000 There being none. 567 00:32:21,000 --> 00:32:24,140 All in favor of approving minutes as presented signify by 568 00:32:24,140 --> 00:32:25,000 saying aye. 569 00:32:25,000 --> 00:32:28,000 All against same sign. 570 00:32:28,000 --> 00:32:31,809 Any abstentions. Okay, the minutes are approved as 571 00:32:31,809 --> 00:32:33,000 presented. 572 00:32:33,000 --> 00:32:50,000 Let's see. 573 00:32:50,000 --> 00:32:57,000 Okay, thank you. 574 00:32:57,000 --> 00:33:03,920 The next item on the agenda is EDP 18 027, which is to 575 00:33:03,920 --> 00:33:08,880 consider a recommendation to the city council regarding 576 00:33:08,880 --> 00:33:13,549 approval of the revised public improvement district 577 00:33:13,549 --> 00:33:15,000 guidelines. 578 00:33:15,000 --> 00:33:20,500 But because that report is not fully completed, I would 579 00:33:20,500 --> 00:33:25,910 entertain a recommendation to table this motion until 580 00:33:25,910 --> 00:33:28,000 another meeting. 581 00:33:28,000 --> 00:33:34,650 I move we table this agenda item to a later meeting to 582 00:33:34,650 --> 00:33:39,000 allow for completed presentation to review. 583 00:33:39,000 --> 00:33:42,000 We have a motion on the floor we have a second. Second. 584 00:33:42,000 --> 00:33:46,000 We have a second. Any discussion. 585 00:33:46,000 --> 00:34:08,000 Okay. 586 00:34:08,000 --> 00:34:11,079 Okay, all in favor of the motion on the floor signify by 587 00:34:11,079 --> 00:34:15,000 saying aye. Aye. Any abstentions. 588 00:34:15,000 --> 00:34:19,000 Excuse me. Any. 589 00:34:19,000 --> 00:34:22,000 Any nays, any nays. 590 00:34:22,000 --> 00:34:26,829 No, there being no nays no abstentions the, the motion to 591 00:34:26,829 --> 00:34:33,780 table this particular topic until another meeting date is 592 00:34:33,780 --> 00:34:35,000 approved. 593 00:34:35,000 --> 00:34:38,000 Staff reports. 594 00:34:38,000 --> 00:35:06,000 18 024. 595 00:35:06,000 --> 00:35:13,000 I don't think so. 596 00:35:13,000 --> 00:35:17,460 I have, I have a, I have to leave it one but other than 597 00:35:17,460 --> 00:35:21,000 that I think we should be done before then. 598 00:35:21,000 --> 00:35:24,000 What do you think is that a huh. 599 00:35:24,000 --> 00:35:27,710 Okay, let's have our staff. We love our staff so let's let 600 00:35:27,710 --> 00:35:29,000 's hear from them. 601 00:35:29,000 --> 00:35:36,000 Let's see. 602 00:35:36,000 --> 00:36:03,000 City RFI summary. 603 00:36:03,000 --> 00:36:06,000 I don't know if you can hear me. 604 00:36:06,000 --> 00:36:07,000 I don't know if you can hear me. 605 00:36:07,000 --> 00:36:08,000 I don't know if you can hear me. 606 00:36:08,000 --> 00:36:09,000 I don't know if you can hear me. 607 00:36:09,000 --> 00:36:10,000 I don't know if you can hear me. 608 00:36:10,000 --> 00:36:11,000 I don't know if you can hear me. 609 00:36:11,000 --> 00:36:12,000 I don't know if you can hear me. 610 00:36:12,000 --> 00:36:13,000 I don't know if you can hear me. 611 00:36:13,000 --> 00:36:14,000 I don't know if you can hear me. 612 00:36:14,000 --> 00:36:15,000 I don't know if you can hear me. 613 00:36:15,000 --> 00:36:16,000 I don't know if you can hear me. 614 00:36:16,000 --> 00:36:17,000 I don't know if you can hear me. 615 00:36:17,000 --> 00:36:18,000 I don't know if you can hear me. 616 00:36:18,000 --> 00:36:19,000 I don't know if you can hear me. 617 00:36:19,000 --> 00:36:20,000 I don't know if you can hear me. 618 00:36:20,000 --> 00:36:21,000 I don't know if you can hear me. 619 00:36:21,000 --> 00:36:22,000 I don't know if you can hear me. 620 00:36:22,000 --> 00:36:23,000 I don't know if you can hear me. 621 00:36:23,000 --> 00:36:34,000 I don't know if you can hear me. 622 00:36:34,000 --> 00:36:38,110 Okay, sorry everybody in TV land who couldn't hear me, 623 00:36:38,110 --> 00:36:41,079 which includes precisely two people, 624 00:36:41,079 --> 00:36:42,079 one of whom I know. 625 00:36:42,079 --> 00:36:47,079 And the other person is Mike's friend. 626 00:36:47,079 --> 00:36:52,719 So just to recap, we received four inquiries, we responded 627 00:36:52,719 --> 00:36:55,599 to two, two we did not respond 628 00:36:55,599 --> 00:36:56,599 to. 629 00:36:56,599 --> 00:37:01,019 Then we have a status update from a project 2020, which our 630 00:37:01,019 --> 00:37:02,840 original response to that 631 00:37:02,840 --> 00:37:05,960 project was submitted in October. 632 00:37:05,960 --> 00:37:09,210 I believe that should say October 2017 to the Dallas 633 00:37:09,210 --> 00:37:11,079 Regional Chamber, or maybe it's 634 00:37:11,079 --> 00:37:12,079 2016. 635 00:37:12,079 --> 00:37:14,199 But they, we were previously submitted on it. 636 00:37:14,199 --> 00:37:17,679 They've come back again after a hiatus to begin looking 637 00:37:17,679 --> 00:37:20,079 again, it's a beverage production 638 00:37:20,079 --> 00:37:23,869 and distribution facility that's seeking around 15 acres 639 00:37:23,869 --> 00:37:25,079 for the project. 640 00:37:25,079 --> 00:37:29,119 Their expected capital investment is $48 million with 100 641 00:37:29,119 --> 00:37:31,079 employees and an average wage of 642 00:37:31,079 --> 00:37:32,760 $41,000. 643 00:37:32,760 --> 00:37:36,250 We did provide the additional information that they were 644 00:37:36,250 --> 00:37:38,440 looking for about the site. 645 00:37:38,440 --> 00:37:43,039 And there was a site visit on March 26, and then the 646 00:37:43,039 --> 00:37:46,360 prospect requested and staff provided 647 00:37:46,360 --> 00:37:48,760 sale information on the West Park site. 648 00:37:48,760 --> 00:37:53,920 So at this point, the land seller and the potential buyer 649 00:37:53,920 --> 00:37:56,199 have been connected. 650 00:37:56,199 --> 00:37:59,210 So we'll provide more updates on that as they become 651 00:37:59,210 --> 00:38:00,119 available. 652 00:38:00,119 --> 00:38:04,599 And then the, I'm sorry, did someone have a question? 653 00:38:04,599 --> 00:38:09,960 So the two that we weren't able to meet the criteria, my 654 00:38:09,960 --> 00:38:13,719 question, what type of buildings? 655 00:38:13,719 --> 00:38:16,949 So obviously they're a little larger, but is it the kind of 656 00:38:16,949 --> 00:38:18,360 the shell building that 657 00:38:18,360 --> 00:38:19,360 they can build out? 658 00:38:19,360 --> 00:38:22,119 Is that what they were seeking or? 659 00:38:22,119 --> 00:38:25,980 It's actually existing buildings that we typically can't 660 00:38:25,980 --> 00:38:28,760 respond to when they seek existing buildings 661 00:38:28,760 --> 00:38:32,760 because we don't have them of the size that they need. 662 00:38:32,760 --> 00:38:37,000 And then, you know, there are many different ways that 663 00:38:37,000 --> 00:38:39,599 buildings can be finished out. 664 00:38:39,599 --> 00:38:43,519 And those are real specific to the project. 665 00:38:43,519 --> 00:38:46,130 But the basic issue with these is that we did not have a 666 00:38:46,130 --> 00:38:48,440 250,000 square foot existing 667 00:38:48,440 --> 00:38:52,340 building, nor did we have an 800,000 square foot existing 668 00:38:52,340 --> 00:38:54,039 building of any kind to be able 669 00:38:54,039 --> 00:38:55,039 to provide to them. 670 00:38:55,039 --> 00:38:56,039 And help me orient me. 671 00:38:56,039 --> 00:38:58,960 How big is that? 672 00:38:58,960 --> 00:39:05,570 So Wynco distribution center on Western Boulevard is, it is 673 00:39:05,570 --> 00:39:06,559 slightly under a million square 674 00:39:06,559 --> 00:39:09,159 feet under roof. 675 00:39:09,159 --> 00:39:11,880 So that would be humongous. 676 00:39:11,880 --> 00:39:15,719 And one of them was wanting just about that much. 677 00:39:15,719 --> 00:39:20,860 I don't know if 250,000 square feet, does anyone have a, is 678 00:39:20,860 --> 00:39:22,840 Christina still in here? 679 00:39:22,840 --> 00:39:26,380 Do you have an example of a 250,000 square foot existing 680 00:39:26,380 --> 00:39:27,920 building here in town that you 681 00:39:27,920 --> 00:39:30,679 could holler at me and I can repeat? 682 00:39:30,679 --> 00:39:32,039 Okay. 683 00:39:32,039 --> 00:39:36,760 So if you've seen Westgate also on Western Boulevard, their 684 00:39:36,760 --> 00:39:39,960 building one is 170,000. 685 00:39:39,960 --> 00:39:41,679 So it's still smaller than this. 686 00:39:41,679 --> 00:39:44,519 But that's a, you know, it's an idea of the size. 687 00:39:44,519 --> 00:39:45,519 Thank you. 688 00:39:45,519 --> 00:39:46,519 You're welcome. 689 00:39:46,519 --> 00:39:47,519 We have another question on the other side. 690 00:39:47,519 --> 00:39:52,760 Why are we limiting this report to responses to just these 691 00:39:52,760 --> 00:39:54,719 two sources versus all the sources? 692 00:39:54,719 --> 00:39:58,530 We can expand the report because we do have quite a number 693 00:39:58,530 --> 00:40:00,480 of leads that come directly 694 00:40:00,480 --> 00:40:02,039 to us from other sources. 695 00:40:02,039 --> 00:40:04,920 And we would be glad to add that in there. 696 00:40:04,920 --> 00:40:08,210 When the report was originally requested, the request was 697 00:40:08,210 --> 00:40:09,780 specifically for these. 698 00:40:09,780 --> 00:40:14,860 So we track those in an in-house developed system. 699 00:40:14,860 --> 00:40:17,159 So it's easy to generate the information. 700 00:40:17,159 --> 00:40:19,449 And if you'd like to see it expanded, we'd be glad to do 701 00:40:19,449 --> 00:40:19,920 that. 702 00:40:19,920 --> 00:40:23,800 Well, I don't know if I speak for everyone on the board, 703 00:40:23,800 --> 00:40:25,960 but I just if it's just as easy, 704 00:40:25,960 --> 00:40:28,829 I don't mean to create new work, but it seems that it would 705 00:40:28,829 --> 00:40:30,440 be interesting to know. 706 00:40:30,440 --> 00:40:32,789 Christina would love to modify this report to include that 707 00:40:32,789 --> 00:40:33,559 information. 708 00:40:33,559 --> 00:40:37,099 I'd also like to, can I have the right month on the report 709 00:40:37,099 --> 00:40:39,159 to do that for you next month? 710 00:40:39,159 --> 00:40:45,159 Yes, she's going to step up her game next time. 711 00:40:45,159 --> 00:40:48,159 I forgive you. 712 00:40:48,159 --> 00:41:01,360 Any other questions on this first staff report? 713 00:41:01,360 --> 00:41:05,719 And the next staff report that we have is the stand, the 714 00:41:05,719 --> 00:41:07,800 monthly stand report. 715 00:41:07,800 --> 00:41:11,679 And that, you know, the categories of content in that don't 716 00:41:11,679 --> 00:41:13,559 change from month to month, 717 00:41:13,559 --> 00:41:15,960 but the specific numbers do. 718 00:41:15,960 --> 00:41:18,480 It's got a lot of great stuff in there. 719 00:41:18,480 --> 00:41:21,639 I'm not going to talk through it because that would take a 720 00:41:21,639 --> 00:41:22,480 long time. 721 00:41:22,480 --> 00:41:25,789 But if anybody has any specific questions, please feel free 722 00:41:25,789 --> 00:41:26,360 to ask. 723 00:41:26,360 --> 00:41:29,480 Are there any things that we should really be aware of? 724 00:41:29,480 --> 00:41:38,400 So you know, something that stands out? 725 00:41:38,400 --> 00:41:41,599 Because we had the census information come out. 726 00:41:41,599 --> 00:41:44,829 So Christina pointed out that the demographics have been 727 00:41:44,829 --> 00:41:46,760 updated, which some of those are 728 00:41:46,760 --> 00:41:50,639 only updated on an annual basis when the community survey 729 00:41:50,639 --> 00:41:53,480 information comes out from the U.S. 730 00:41:53,480 --> 00:41:54,480 Census Bureau. 731 00:41:54,480 --> 00:41:57,000 So those will be updated this time. 732 00:41:57,000 --> 00:42:00,280 I think Councilman Briggs has a question. 733 00:42:00,280 --> 00:42:04,320 Yeah, just the -- Councilwoman Briggs, excuse me. 734 00:42:04,320 --> 00:42:08,159 Poverty rate change due to off-campus population. 735 00:42:08,159 --> 00:42:12,510 Can you describe that a little bit and the percentage is -- 736 00:42:12,510 --> 00:42:14,679 and is that percentage from 737 00:42:14,679 --> 00:42:18,579 last year or from last month or the change or is that just 738 00:42:18,579 --> 00:42:20,599 percentage change from the 739 00:42:20,599 --> 00:42:23,599 -- it's under demographics. 740 00:42:23,599 --> 00:42:31,480 Yeah, I guess 20.6% poverty rate seems high. 741 00:42:31,480 --> 00:42:35,900 So -- Christina, can you speak to that because I'm frankly 742 00:42:35,900 --> 00:42:38,239 not super familiar with it. 743 00:42:38,239 --> 00:42:40,650 So maybe we can ask Christina to come up to the podium and 744 00:42:40,650 --> 00:42:41,840 she can elaborate on it if 745 00:42:41,840 --> 00:42:44,800 she's got more information. 746 00:42:44,800 --> 00:42:49,039 And if we don't get that for you, we will email everybody 747 00:42:49,039 --> 00:42:51,039 the answer when we can get 748 00:42:51,039 --> 00:42:53,760 with Erica, who is our analyst. 749 00:42:53,760 --> 00:42:57,079 So we'll see what Christina might know. 750 00:42:57,079 --> 00:43:00,369 As she said, our analyst Erica Sullivan provides these 751 00:43:00,369 --> 00:43:01,119 numbers. 752 00:43:01,119 --> 00:43:06,989 The poverty rate change, it's supposed to calculate in the 753 00:43:06,989 --> 00:43:10,039 percentage that the students 754 00:43:10,039 --> 00:43:14,019 impact because there is such a lower rate and so that's why 755 00:43:14,019 --> 00:43:15,880 it has the rate change. 756 00:43:15,880 --> 00:43:16,880 This will be updated. 757 00:43:16,880 --> 00:43:20,099 Those updates come out in May and we'll have a new update 758 00:43:20,099 --> 00:43:21,840 then and maybe at that time we 759 00:43:21,840 --> 00:43:25,449 can have her give a better definition or description as why 760 00:43:25,449 --> 00:43:27,760 the information is provided in that 761 00:43:27,760 --> 00:43:28,760 format. 762 00:43:28,760 --> 00:43:32,920 So this changes dramatically semester by semester? 763 00:43:32,920 --> 00:43:35,920 Yeah, due to the student population. 764 00:43:35,920 --> 00:43:36,920 Okay. 765 00:43:36,920 --> 00:43:37,920 Okay. 766 00:43:37,920 --> 00:43:38,920 Thank you. 767 00:43:38,920 --> 00:43:40,719 Does that cover it or would you like more? 768 00:43:40,719 --> 00:43:41,719 Yeah, it's just interesting. 769 00:43:41,719 --> 00:43:47,369 I'm just kind of wondering how we apply that data and what 770 00:43:47,369 --> 00:43:49,239 we use that for. 771 00:43:49,239 --> 00:43:53,380 I believe her response was because the student population, 772 00:43:53,380 --> 00:43:56,480 there's 50,000 of them average 773 00:43:56,480 --> 00:44:00,719 per semester and because they have such a low income, it 774 00:44:00,719 --> 00:44:02,880 brings the poverty rate. 775 00:44:02,880 --> 00:44:05,400 It makes the poverty rate higher because there's so many of 776 00:44:05,400 --> 00:44:06,559 them bringing it down. 777 00:44:06,559 --> 00:44:09,570 So I think part of the reason that the information is 778 00:44:09,570 --> 00:44:11,960 gathered and is relevant is because when 779 00:44:11,960 --> 00:44:16,039 we are looking at or when especially retailers are 780 00:44:16,039 --> 00:44:19,840 considering location decisions, they look 781 00:44:19,840 --> 00:44:23,550 at things like the poverty rate and we feel like because of 782 00:44:23,550 --> 00:44:25,559 our student population being 783 00:44:25,559 --> 00:44:29,940 high, that's a different perspective on the number that you 784 00:44:29,940 --> 00:44:31,119 see on paper. 785 00:44:31,119 --> 00:44:34,829 And so we want to make sure that we have that information 786 00:44:34,829 --> 00:44:36,840 and can convey it to them that 787 00:44:36,840 --> 00:44:42,900 this is a subset of the population that affects that rate. 788 00:44:42,900 --> 00:44:46,610 So in this case here, if you were to take out the student 789 00:44:46,610 --> 00:44:48,800 population, our poverty rate 790 00:44:48,800 --> 00:44:52,199 would be 13.9 instead of the 20.6. 791 00:44:52,199 --> 00:44:55,400 That's just interesting because usually we use that student 792 00:44:55,400 --> 00:44:56,800 population as a positive 793 00:44:56,800 --> 00:45:00,039 impact on our community. 794 00:45:00,039 --> 00:45:03,170 And so I mean especially when you're talking about shopping 795 00:45:03,170 --> 00:45:04,760 and retail, because they do 796 00:45:04,760 --> 00:45:05,760 spend money. 797 00:45:05,760 --> 00:45:08,599 So it's just interesting to see it this way. 798 00:45:08,599 --> 00:45:09,599 Yeah. 799 00:45:09,599 --> 00:45:12,969 And so the percent change there is, I mean that's obviously 800 00:45:12,969 --> 00:45:14,719 just the difference between 801 00:45:14,719 --> 00:45:16,920 the poverty rate for all people and then the ones for 802 00:45:16,920 --> 00:45:17,559 students. 803 00:45:17,559 --> 00:45:21,619 And statistics are so fascinating in the way that they can 804 00:45:21,619 --> 00:45:23,840 be used to support and enhance 805 00:45:23,840 --> 00:45:27,000 different sides of an issue. 806 00:45:27,000 --> 00:45:29,590 Because I think we definitely, I mean our students are 807 00:45:29,590 --> 00:45:31,079 positive for our community. 808 00:45:31,079 --> 00:45:32,599 Of course they are. 809 00:45:32,599 --> 00:45:35,760 But if you just look at a straight number like overall 810 00:45:35,760 --> 00:45:37,800 poverty rate based on how that's 811 00:45:37,800 --> 00:45:40,880 calculated by the census, that could look like our 812 00:45:40,880 --> 00:45:43,199 community is more impoverished than 813 00:45:43,199 --> 00:45:44,199 it really is. 814 00:45:44,199 --> 00:45:45,199 Right. 815 00:45:45,199 --> 00:45:46,199 Yeah. 816 00:45:46,199 --> 00:45:47,199 Okay. 817 00:45:47,199 --> 00:45:48,199 So they come from their parents, right? 818 00:45:48,199 --> 00:45:49,199 Yeah. 819 00:45:49,199 --> 00:45:52,559 I have a question about that. 820 00:45:52,559 --> 00:45:54,929 Because of that rate and even looking at the overall 821 00:45:54,929 --> 00:45:56,800 poverty rate, that puts us at a pretty 822 00:45:56,800 --> 00:45:58,880 large number, over 20%. 823 00:45:58,880 --> 00:46:01,889 Are there other, does that open us up to different 824 00:46:01,889 --> 00:46:05,039 financial capabilities for them, either federal 825 00:46:05,039 --> 00:46:08,960 or state level to be able to? 826 00:46:08,960 --> 00:46:09,960 It can. 827 00:46:09,960 --> 00:46:14,170 And there's been some recent designation of opportunity 828 00:46:14,170 --> 00:46:16,400 zones under the new tax act that 829 00:46:16,400 --> 00:46:19,380 was enacted and we did have one of those designated which 830 00:46:19,380 --> 00:46:23,039 opens up some opportunities for different 831 00:46:23,039 --> 00:46:24,039 development programs. 832 00:46:24,039 --> 00:46:28,940 So again, you weigh the balance of what you get with our 833 00:46:28,940 --> 00:46:30,599 demographics. 834 00:46:30,599 --> 00:46:37,800 So good question. 835 00:46:37,800 --> 00:46:40,679 Any other questions on this particular report? 836 00:46:40,679 --> 00:46:45,679 There being none, we'll go to the third report please. 837 00:46:45,679 --> 00:46:48,679 There being none, right? 838 00:46:48,679 --> 00:46:52,679 Any more questions on that particular? 839 00:46:52,679 --> 00:46:53,679 No. 840 00:46:53,679 --> 00:46:54,679 Okay. 841 00:46:54,679 --> 00:46:55,679 All right. 842 00:46:55,679 --> 00:46:56,679 Thank you. 843 00:46:56,679 --> 00:46:57,679 Sorry. 844 00:46:57,679 --> 00:47:00,400 The third report is the Chamber ED offices report. 845 00:47:00,400 --> 00:47:04,239 I don't know if someone from the Chamber would like to 846 00:47:04,239 --> 00:47:06,679 speak to that because there's a lot 847 00:47:06,679 --> 00:47:07,679 of stuff on there. 848 00:47:07,679 --> 00:47:12,090 Looks like good stuff, but I am not intimately acquainted 849 00:47:12,090 --> 00:47:12,920 with it. 850 00:47:12,920 --> 00:47:15,960 So let's just fly by dancing, right? 851 00:47:15,960 --> 00:47:17,440 Do you have a copy of it? 852 00:47:17,440 --> 00:47:18,440 No I don't. 853 00:47:18,440 --> 00:47:19,440 Do you want a copy? 854 00:47:19,440 --> 00:47:20,440 Meh. 855 00:47:20,440 --> 00:47:21,440 I can fly pretty well. 856 00:47:21,440 --> 00:47:27,070 Adam is actually at the MRO, America's Conference today, 857 00:47:27,070 --> 00:47:29,320 this week actually. 858 00:47:29,320 --> 00:47:33,949 So he's trying to sell it to a few thousand people in 859 00:47:33,949 --> 00:47:35,119 Florida. 860 00:47:35,119 --> 00:47:40,710 Team Texas, which is what we co-op with them to kind of 861 00:47:40,710 --> 00:47:44,119 support their booth just to sell 862 00:47:44,119 --> 00:47:45,119 it. 863 00:47:45,119 --> 00:47:48,400 I will answer any questions that you have or I will take 864 00:47:48,400 --> 00:47:50,119 them back and ask Adam about 865 00:47:50,119 --> 00:47:51,119 them. 866 00:47:51,119 --> 00:47:57,000 So if you have questions, don't hesitate to ask. 867 00:47:57,000 --> 00:47:58,000 Go ahead, Mr. Chairman. 868 00:47:58,000 --> 00:48:00,579 Mr. Chairman, I was just going to add a couple of things to 869 00:48:00,579 --> 00:48:01,000 this. 870 00:48:01,000 --> 00:48:03,519 Thank you for filling in. 871 00:48:03,519 --> 00:48:06,949 A couple of key points on this to kind of differentiate how 872 00:48:06,949 --> 00:48:08,559 we go about our targeting 873 00:48:08,559 --> 00:48:09,559 prospect. 874 00:48:09,559 --> 00:48:15,269 Out of six offsite activities, four were specifically and 875 00:48:15,269 --> 00:48:19,400 directly with professional consultants, 876 00:48:19,400 --> 00:48:25,960 which allows us to actually go one on one and make a bit. 877 00:48:25,960 --> 00:48:29,119 There tends to be a lot of emphasis on the trade show and 878 00:48:29,119 --> 00:48:30,679 the expos and this kind of 879 00:48:30,679 --> 00:48:31,679 thing. 880 00:48:31,679 --> 00:48:34,559 But what you'll see the focus is predominantly over the 881 00:48:34,559 --> 00:48:36,679 past few months has been going directly 882 00:48:36,679 --> 00:48:39,920 to the folks who will bring the prospect. 883 00:48:39,920 --> 00:48:43,630 And this is one of the key points that Karen and Adam do a 884 00:48:43,630 --> 00:48:45,199 very good job with. 885 00:48:45,199 --> 00:48:52,059 Could we also clarify on May 1st, is that a work session, 886 00:48:52,059 --> 00:48:55,440 the City Council meeting you 887 00:48:55,440 --> 00:48:57,440 asked us to move to? 888 00:48:57,440 --> 00:48:58,440 Oh, yes. 889 00:48:58,440 --> 00:49:02,110 So Chuck's asking about a work session that was requested 890 00:49:02,110 --> 00:49:04,280 by council members to do a midyear 891 00:49:04,280 --> 00:49:07,880 update on the economic development partnership. 892 00:49:07,880 --> 00:49:12,280 So my office and the Chamber ED office will be doing an 893 00:49:12,280 --> 00:49:14,679 update on where we are in our 894 00:49:14,679 --> 00:49:17,719 program year and our work plan and yes, work session. 895 00:49:17,719 --> 00:49:22,590 So one of the things, the last thing I was going to point 896 00:49:22,590 --> 00:49:25,960 out is a new website in collaboration 897 00:49:25,960 --> 00:49:26,960 with the city. 898 00:49:26,960 --> 00:49:30,940 I don't know if you want to make an official launch on that 899 00:49:30,940 --> 00:49:32,800 May 1 or if you need us to 900 00:49:32,800 --> 00:49:37,199 do something with the partnership board separate or before 901 00:49:37,199 --> 00:49:37,880 that. 902 00:49:37,880 --> 00:49:45,519 But those are some, or Karen could you show your end now? 903 00:49:45,519 --> 00:49:50,820 We spent the last four or five months reworking our website 904 00:49:50,820 --> 00:49:53,760 , trying to make it a little bit 905 00:49:53,760 --> 00:49:56,119 more user friendly. 906 00:49:56,119 --> 00:49:59,920 I ask all of you to go on the website, take a look, tell us 907 00:49:59,920 --> 00:50:02,159 what you think, what you don't 908 00:50:02,159 --> 00:50:05,599 like, what you do like. 909 00:50:05,599 --> 00:50:09,650 We're getting a lot of information or comments back about 910 00:50:09,650 --> 00:50:11,980 this particular section or this 911 00:50:11,980 --> 00:50:16,150 particular news article stating that Denton County is one 912 00:50:16,150 --> 00:50:18,780 of the fastest growing or strongest 913 00:50:18,780 --> 00:50:22,639 economic growth for the next five years. 914 00:50:22,639 --> 00:50:32,360 So this is, I mean, just go through it, peruse it. 915 00:50:32,360 --> 00:50:36,500 If you have any comments, don't hesitate to email Adam or I 916 00:50:36,500 --> 00:50:38,320 or just hit the contact us 917 00:50:38,320 --> 00:50:39,320 button and put it. 918 00:50:39,320 --> 00:50:40,320 It's very easy to read. 919 00:50:40,320 --> 00:50:45,170 I did have a look around and the information is kind of 920 00:50:45,170 --> 00:50:48,320 spaced out nicely to where I found 921 00:50:48,320 --> 00:50:52,320 it was easy to find and I felt very pertinent. 922 00:50:52,320 --> 00:50:57,239 So I think it was a job very well done. 923 00:50:57,239 --> 00:51:00,159 So it's really for Caroline as well. 924 00:51:00,159 --> 00:51:04,250 And you are the, I just saw a tab for targeted industries 925 00:51:04,250 --> 00:51:06,559 or do they match what we have on 926 00:51:06,559 --> 00:51:07,559 council? 927 00:51:07,559 --> 00:51:08,559 Absolutely. 928 00:51:08,559 --> 00:51:09,559 Yes. 929 00:51:09,559 --> 00:51:14,710 And we make sure that everything is congruent based on the 930 00:51:14,710 --> 00:51:17,719 direction that we're receiving 931 00:51:17,719 --> 00:51:21,619 and the information that we're distributing via the website 932 00:51:21,619 --> 00:51:21,880 . 933 00:51:21,880 --> 00:51:25,519 That looks good. 934 00:51:25,519 --> 00:51:30,579 Have we heard any word from the big company that's reloc 935 00:51:30,579 --> 00:51:33,280 ating to DFW potentially? 936 00:51:33,280 --> 00:51:37,110 DFW is still in the running for that particular project, 937 00:51:37,110 --> 00:51:39,599 which I'm going to guess that you're 938 00:51:39,599 --> 00:51:41,400 talking about Amazon HQ2. 939 00:51:41,400 --> 00:51:42,400 Yes. 940 00:51:42,400 --> 00:51:46,559 So yeah, the region is still in the running. 941 00:51:46,559 --> 00:51:50,480 So from, and this may be archaic, but last I heard that 942 00:51:50,480 --> 00:51:52,719 they felt that the DFW area was 943 00:51:52,719 --> 00:51:56,000 the better area for relocation. 944 00:51:56,000 --> 00:51:58,820 I don't know if that information came from the company 945 00:51:58,820 --> 00:51:59,719 themselves. 946 00:51:59,719 --> 00:52:02,349 They've been pretty closed mouth, but there are a lot of 947 00:52:02,349 --> 00:52:04,400 armchair quarterbacking on what's 948 00:52:04,400 --> 00:52:08,079 the best region and which one isn't, but they've cut it 949 00:52:08,079 --> 00:52:10,239 down to 20 at this point. 950 00:52:10,239 --> 00:52:13,079 And I believe they've actually cut a few more out. 951 00:52:13,079 --> 00:52:15,920 I had an article I read just about a week ago. 952 00:52:15,920 --> 00:52:18,519 They cut two or three more out. 953 00:52:18,519 --> 00:52:21,599 So 17 instead of 20. 954 00:52:21,599 --> 00:52:24,199 So is that fake news or is it real news? 955 00:52:24,199 --> 00:52:27,280 I read the actual article, so I don't know. 956 00:52:27,280 --> 00:52:28,719 All right. 957 00:52:28,719 --> 00:52:29,719 Thank you. 958 00:52:29,719 --> 00:52:32,719 Question, want to comment? 959 00:52:32,719 --> 00:52:33,719 Yes. 960 00:52:33,719 --> 00:52:36,900 Just for my own personal, someone can email it to me or 961 00:52:36,900 --> 00:52:37,840 something. 962 00:52:37,840 --> 00:52:40,500 I would like to know kind of, if you can give me a scenario 963 00:52:40,500 --> 00:52:42,000 if you've brought, when you 964 00:52:42,000 --> 00:52:44,780 bring someone in town, Adam, or someone in town, kind of 965 00:52:44,780 --> 00:52:46,559 what their kind of pathing is. 966 00:52:46,559 --> 00:52:49,090 Hey, what's your kind of introduction to Denton, kind of 967 00:52:49,090 --> 00:52:49,880 your staples? 968 00:52:49,880 --> 00:52:51,880 Hey, we're going to stop here, here, here. 969 00:52:51,880 --> 00:52:54,960 I understand it has specific requests, but if there's kind 970 00:52:54,960 --> 00:52:56,639 of a, here's our normal haunts 971 00:52:56,639 --> 00:52:59,190 that we take people to or a normal pathing, I'd love to 972 00:52:59,190 --> 00:53:00,280 know what that is. 973 00:53:00,280 --> 00:53:01,599 Just to be curious. 974 00:53:01,599 --> 00:53:04,860 It varies greatly depending upon who it is. 975 00:53:04,860 --> 00:53:09,780 If it's brokers, Adam has a set industrial tour that he 976 00:53:09,780 --> 00:53:12,599 takes them to, which goes out 977 00:53:12,599 --> 00:53:17,039 airport drive, up Western Boulevard, kind of circles back 978 00:53:17,039 --> 00:53:18,760 through 380. 979 00:53:18,760 --> 00:53:22,210 Just show them where West Park is, where things are moving 980 00:53:22,210 --> 00:53:24,199 and grooving over on that side. 981 00:53:24,199 --> 00:53:26,960 And sometimes they'll take them, if they're looking for 982 00:53:26,960 --> 00:53:28,860 something different, they'll take 983 00:53:28,860 --> 00:53:33,559 them to the east side over by Southwire in that area where 984 00:53:33,559 --> 00:53:36,320 there's more industrial development 985 00:53:36,320 --> 00:53:37,719 going on. 986 00:53:37,719 --> 00:53:40,789 So it just greatly depends on what the particular broker, 987 00:53:40,789 --> 00:53:43,039 consultant is looking for or the company 988 00:53:43,039 --> 00:53:44,039 is looking for. 989 00:53:44,039 --> 00:53:45,039 Okay. 990 00:53:45,039 --> 00:53:49,289 And just FYI, I know Chuck didn't mention this, but we did 991 00:53:49,289 --> 00:53:51,079 have a site visit on the 992 00:53:51,079 --> 00:53:55,469 29th, I believe it was, with Project Exit, which is one of 993 00:53:55,469 --> 00:53:57,800 the projects right over here. 994 00:53:57,800 --> 00:54:04,360 I believe that came and met with the city. 995 00:54:04,360 --> 00:54:08,320 Can I add something real quick about the site tours? 996 00:54:08,320 --> 00:54:12,670 Karen's absolutely correct in that we allow the person who 997 00:54:12,670 --> 00:54:14,619 's visiting to drive the way 998 00:54:14,619 --> 00:54:17,570 we construct the tour based on how much time they have and 999 00:54:17,570 --> 00:54:19,239 what their primary interests 1000 00:54:19,239 --> 00:54:20,239 are. 1001 00:54:20,239 --> 00:54:24,590 But of course, if we have the latitude to do so, we do take 1002 00:54:24,590 --> 00:54:26,719 them downtown because that 1003 00:54:26,719 --> 00:54:30,440 is one of the most unique parts of the community. 1004 00:54:30,440 --> 00:54:34,469 And something that we've also been doing is taking them 1005 00:54:34,469 --> 00:54:37,000 over around the transit oriented 1006 00:54:37,000 --> 00:54:40,309 development that's around the downtown transit center and 1007 00:54:40,309 --> 00:54:42,199 Stoke and the development that's 1008 00:54:42,199 --> 00:54:45,309 moving that way too, if we have the opportunity to do that, 1009 00:54:45,309 --> 00:54:47,039 if their time schedule permits 1010 00:54:47,039 --> 00:54:48,039 and they're interested. 1011 00:54:48,039 --> 00:54:53,769 And then if I may, so what is the, but what's the, are we 1012 00:54:53,769 --> 00:54:56,519 in a city of Denton Van? 1013 00:54:56,519 --> 00:54:59,079 I just don't know what the day in the life looks like. 1014 00:54:59,079 --> 00:55:00,079 You know what I'm saying? 1015 00:55:00,079 --> 00:55:03,380 So maybe in what, and also I add to that, UNT is selling 1016 00:55:03,380 --> 00:55:05,239 their nice little bus, that 1017 00:55:05,239 --> 00:55:06,239 giant bus they had. 1018 00:55:06,239 --> 00:55:07,679 So what is work? 1019 00:55:07,679 --> 00:55:10,909 So I have a suburban, so I usually take people in my 1020 00:55:10,909 --> 00:55:13,360 suburban because there's plenty of 1021 00:55:13,360 --> 00:55:15,360 room and it's comfortable. 1022 00:55:15,360 --> 00:55:18,059 And Adam has his truck that he takes him on in and an 1023 00:55:18,059 --> 00:55:19,239 expedition also. 1024 00:55:19,239 --> 00:55:24,639 We have used, we have used City of Denton buses. 1025 00:55:24,639 --> 00:55:28,750 The solid waste has that people mover van thing that I 1026 00:55:28,750 --> 00:55:31,239 think gets frequently used for 1027 00:55:31,239 --> 00:55:32,440 job interviews. 1028 00:55:32,440 --> 00:55:37,230 When we've done tours that are larger, more people than can 1029 00:55:37,230 --> 00:55:39,639 fit in a suburban or a truck, 1030 00:55:39,639 --> 00:55:41,079 we've used that in the past. 1031 00:55:41,079 --> 00:55:43,880 Just depends on what group it is and what we need. 1032 00:55:43,880 --> 00:55:44,880 Okay. 1033 00:55:44,880 --> 00:55:45,880 Thanks. 1034 00:55:45,880 --> 00:55:50,030 If you have any questions about the website, social media, 1035 00:55:50,030 --> 00:55:52,079 all those analytics are also 1036 00:55:52,079 --> 00:55:55,980 in there and then our financials on the back page for last 1037 00:55:55,980 --> 00:55:56,719 month. 1038 00:55:56,719 --> 00:56:01,260 Do remember that this is an unaudited, unreconciled 1039 00:56:01,260 --> 00:56:02,559 financial. 1040 00:56:02,559 --> 00:56:09,599 So it does change. 1041 00:56:09,599 --> 00:56:18,079 Thank you very much. 1042 00:56:18,079 --> 00:56:22,539 I feel enriched by the staff reports and I don't say that 1043 00:56:22,539 --> 00:56:24,000 facetiously. 1044 00:56:24,000 --> 00:56:28,360 I'm glad that we did take the time to go through them. 1045 00:56:28,360 --> 00:56:30,199 Let's see. 1046 00:56:30,199 --> 00:56:33,449 Do we have any concluding items that we need to address 1047 00:56:33,449 --> 00:56:35,599 before entertaining a motion? 1048 00:56:35,599 --> 00:56:36,599 Yes ma'am. 1049 00:56:36,599 --> 00:56:40,039 I have a couple of requests. 1050 00:56:40,039 --> 00:56:44,849 So I would like to see if we could, if this committee could 1051 00:56:44,849 --> 00:56:47,239 get an update on the TW Women 1052 00:56:47,239 --> 00:56:48,239 and Business grants. 1053 00:56:48,239 --> 00:56:52,659 I think they've had an application that went out for 1054 00:56:52,659 --> 00:56:55,920 entrepreneurs or small business. 1055 00:56:55,920 --> 00:56:58,530 Small business is owned by women and there were several 5, 1056 00:56:58,530 --> 00:57:00,000 000 grants and I know that 1057 00:57:00,000 --> 00:57:03,820 I shared it and sent it to several people and I haven't 1058 00:57:03,820 --> 00:57:05,840 heard an update on that and 1059 00:57:05,840 --> 00:57:08,639 I didn't know if they were going to do some sort of 1060 00:57:08,639 --> 00:57:10,719 presentation in the community on that 1061 00:57:10,719 --> 00:57:15,280 since it does directly affect our community. 1062 00:57:15,280 --> 00:57:21,019 Also if we could get a staff report or a presentation on an 1063 00:57:21,019 --> 00:57:25,039 amphitheater and how and where to best 1064 00:57:25,039 --> 00:57:30,190 locate that if we wanted one in Denton to best reflect 1065 00:57:30,190 --> 00:57:34,159 positive for the economic development 1066 00:57:34,159 --> 00:57:37,639 for our city. 1067 00:57:37,639 --> 00:57:42,519 Could you amplify on that request please? 1068 00:57:42,519 --> 00:57:48,699 Well I have had people ask me or say that they would like 1069 00:57:48,699 --> 00:57:52,000 to have some sort of outdoor 1070 00:57:52,000 --> 00:57:58,070 space for playing music or outdoor theater or something and 1071 00:57:58,070 --> 00:58:00,519 so I'm just curious if there 1072 00:58:00,519 --> 00:58:03,889 was a location in our city that if say council or if 1073 00:58:03,889 --> 00:58:06,719 somebody wanted to request one if there 1074 00:58:06,719 --> 00:58:10,599 was a specific area that the economic development or 1075 00:58:10,599 --> 00:58:13,599 chamber or anyone would recommend that 1076 00:58:13,599 --> 00:58:22,920 it go for the city. 1077 00:58:22,920 --> 00:58:25,610 I think my first step on that would be to check in with 1078 00:58:25,610 --> 00:58:27,159 other departments to see if 1079 00:58:27,159 --> 00:58:30,820 anybody's got anything like that any master plan documents 1080 00:58:30,820 --> 00:58:32,400 that are going on see what 1081 00:58:32,400 --> 00:58:35,789 information we might have already pulled together about 1082 00:58:35,789 --> 00:58:37,920 that just to run that first and then 1083 00:58:37,920 --> 00:58:40,360 we can come up with some suggestions. 1084 00:58:40,360 --> 00:58:43,880 And I'm not talking about the like the stage that's back 1085 00:58:43,880 --> 00:58:44,480 here. 1086 00:58:44,480 --> 00:58:45,480 Right yeah. 1087 00:58:45,480 --> 00:58:46,480 Okay just for clarification. 1088 00:58:46,480 --> 00:58:47,480 Something a little more avant-garde. 1089 00:58:47,480 --> 00:58:48,480 Yeah. 1090 00:58:48,480 --> 00:58:53,510 Just to clarify a little bit more do you mean some place 1091 00:58:53,510 --> 00:58:56,599 like where we would have food trucks 1092 00:58:56,599 --> 00:59:00,190 be able to circle around and then the economic development 1093 00:59:00,190 --> 00:59:02,199 impact would be you know having 1094 00:59:02,199 --> 00:59:05,599 mobile food or beverages being able to be sold in that 1095 00:59:05,599 --> 00:59:06,519 location. 1096 00:59:06,519 --> 00:59:09,829 Well if it was an amphitheater it would be it would stay in 1097 00:59:09,829 --> 00:59:11,280 one area so it would but 1098 00:59:11,280 --> 00:59:14,960 the food trucks well then also the businesses around would 1099 00:59:14,960 --> 00:59:17,000 be would build and benefit from 1100 00:59:17,000 --> 00:59:22,860 people coming into those shows or or what have you so that 1101 00:59:22,860 --> 00:59:24,639 's what I mean. 1102 00:59:24,639 --> 00:59:29,340 I do think that in the initial plans for razor ranch there 1103 00:59:29,340 --> 00:59:32,119 was an amphitheater included in 1104 00:59:32,119 --> 00:59:37,309 the town center section and so I will just quadruple verify 1105 00:59:37,309 --> 00:59:40,039 with the developer that that's 1106 00:59:40,039 --> 00:59:42,039 still part of the plans. 1107 00:59:42,039 --> 00:59:44,980 The most recent version that I've seen you know that's that 1108 00:59:44,980 --> 00:59:46,360 's for the third phase of 1109 00:59:46,360 --> 00:59:49,420 the development that that close-in town center section that 1110 00:59:49,420 --> 00:59:50,880 has green space in the middle 1111 00:59:50,880 --> 00:59:54,469 that was the original intention was to have an amphitheater 1112 00:59:54,469 --> 00:59:56,079 there so I can verify that 1113 00:59:56,079 --> 00:59:59,000 that's still the plan I think it is. 1114 00:59:59,000 --> 01:00:02,110 But that might be at least one pretty straightforward 1115 01:00:02,110 --> 01:00:04,599 answer to that question is that that would 1116 01:00:04,599 --> 01:00:06,599 be a great spot for one. 1117 01:00:06,599 --> 01:00:09,190 Yeah just arts and entertainment has been proven to be an 1118 01:00:09,190 --> 01:00:10,559 economic driver and that is 1119 01:00:10,559 --> 01:00:15,170 just another area that we don't have here that would be 1120 01:00:15,170 --> 01:00:16,920 great thank you. 1121 01:00:16,920 --> 01:00:22,510 Growing up in Houston we had a center called the Miller Out 1122 01:00:22,510 --> 01:00:25,320 door Theater that had drama 1123 01:00:25,320 --> 01:00:30,010 music and they built a hill right behind it so people could 1124 01:00:30,010 --> 01:00:32,199 actually sit on the hill if 1125 01:00:32,199 --> 01:00:35,679 they didn't sit in the seating they had seating and it was 1126 01:00:35,679 --> 01:00:37,440 covered but it was open you had 1127 01:00:37,440 --> 01:00:43,639 you know the amphitheater so it wasn't completely closed. 1128 01:00:43,639 --> 01:00:47,860 So and I think the seating on that was probably about a 1129 01:00:47,860 --> 01:00:50,400 thousand or two thousand so it was 1130 01:00:50,400 --> 01:00:53,869 large but of course the city of Houston and it was in the 1131 01:00:53,869 --> 01:00:55,800 arch district and so did you 1132 01:00:55,800 --> 01:01:01,690 have a seating in mind or sure sure you had something in 1133 01:01:01,690 --> 01:01:06,960 mind more than ten right. 1134 01:01:06,960 --> 01:01:14,079 Thank you any more items before we conclude today. 1135 01:01:14,079 --> 01:01:16,389 There being none I'll entertain a motion to adjourn the 1136 01:01:16,389 --> 01:01:17,559 meeting. 1137 01:01:17,559 --> 01:01:20,719 So moved. 1138 01:01:20,719 --> 01:01:21,719 Motion and second. 1139 01:01:21,719 --> 01:01:22,719 Any discussion. 1140 01:01:22,719 --> 01:01:26,480 All in favor signify by saying aye. 1141 01:01:26,480 --> 01:01:29,480 Any abstentions or nays. 1142 01:01:29,480 --> 01:01:32,480 Meeting is adjourned at twelve oh four. 1143 01:01:32,480 --> 01:01:32,920 Thank you for your time. 1144 01:01:47,559 --> 01:01:49,559 Thank you. 1145 01:02:17,559 --> 01:02:19,559 Thank you.