WEBVTT 00:00:00.000 --> 00:00:14.000 Good morning. My name is John Baines. I'm the vice chairman 00:00:14.000 --> 00:00:15.240 of the Economic Development 00:00:15.240 --> 00:00:19.280 Partnership Board and I gladly announce that we have a qu 00:00:19.280 --> 00:00:21.120 orum. We will now call the work 00:00:21.120 --> 00:00:28.940 session to order at 1104. Our first order of business is 00:00:28.940 --> 00:00:33.079 item number EDP 18-046 which 00:00:33.079 --> 00:00:38.009 involves a sales tax discussion regarding the Golden Tri 00:00:38.009 --> 00:00:40.159 angle Mall. We have been informed 00:00:40.159 --> 00:00:43.359 that this particular item is being removed from the agenda 00:00:43.359 --> 00:00:45.079 and there's no need to have 00:00:45.079 --> 00:00:49.579 either a closed meeting nor an open meeting session that 00:00:49.579 --> 00:00:51.960 was scheduled for later on in 00:00:51.960 --> 00:00:58.960 the meeting. So with that being the case, I'd like to take 00:00:58.960 --> 00:01:02.399 a little poetic license and 00:01:02.399 --> 00:01:07.290 I'd like to welcome aboard Jason Tomlinson from Texas Women 00:01:07.290 --> 00:01:09.719 's University. Welcome to 00:01:09.719 --> 00:01:10.719 the board, sir. 00:01:10.719 --> 00:01:11.719 Thank you very much. 00:01:11.719 --> 00:01:18.599 I look forward to working with you. The next item on the 00:01:18.599 --> 00:01:20.200 agenda for our consideration 00:01:20.200 --> 00:01:26.000 is the approval of the minutes, EDP 18-039 and I will take 00:01:26.000 --> 00:01:28.120 a few moments just in case 00:01:28.120 --> 00:01:32.079 you need to refresh yourselves. We have a motion on the 00:01:32.079 --> 00:01:34.920 floor to approve. 00:01:34.920 --> 00:01:35.920 Second. 00:01:35.920 --> 00:01:41.950 We have a second. Is there any discussion or any changes 00:01:41.950 --> 00:01:44.359 that need to be made? Hearing 00:01:44.359 --> 00:01:47.390 none, all in favor of approving the minutes as presented, 00:01:47.390 --> 00:01:49.120 please signify by saying aye. 00:01:49.120 --> 00:01:50.120 Aye. 00:01:50.120 --> 00:01:54.549 All against, same sign. Any abstentions? Okay. Thank you 00:01:54.549 --> 00:01:57.879 very much. Let's see. The 00:01:57.879 --> 00:02:03.909 next item on our agenda is EDP 18-045. We will receive a 00:02:03.909 --> 00:02:06.680 report, hold discussion and 00:02:06.680 --> 00:02:10.659 give staff direction regarding the 2018-2019 economic 00:02:10.659 --> 00:02:12.680 development partnership agreement 00:02:12.680 --> 00:02:15.710 between the City of Denton and the Denton Chamber of 00:02:15.710 --> 00:02:17.680 Commerce and this presentation 00:02:17.680 --> 00:02:19.439 will be made by Caroline Booth. 00:02:19.439 --> 00:02:23.629 Thank you, Mr. Chairman. This is going to be a short 00:02:23.629 --> 00:02:26.560 presentation. It's a fairly straightforward 00:02:26.560 --> 00:02:30.139 item regarding the contract for the upcoming fiscal year 00:02:30.139 --> 00:02:32.039 between the City of Denton and 00:02:32.039 --> 00:02:35.400 the Denton Chamber of Commerce for the purposes of the 00:02:35.400 --> 00:02:37.960 economic development partnership. As 00:02:37.960 --> 00:02:42.219 far as background, this is a long-standing, long-term 00:02:42.219 --> 00:02:44.800 partnership between the City and 00:02:44.800 --> 00:02:50.639 the Chamber. The first agreement was entered into in 1986 00:02:50.639 --> 00:02:53.240 and the contract allows for the 00:02:53.240 --> 00:02:56.210 city to provide funds for the administration and operations 00:02:56.210 --> 00:02:57.599 of the Chamber's Office of 00:02:57.599 --> 00:03:02.840 Economic Development and there are some bulleted items as 00:03:02.840 --> 00:03:05.800 far as what those funds cover and 00:03:05.800 --> 00:03:11.110 the Chamber this year has requested $238,000 approximately 00:03:11.110 --> 00:03:13.240 in funding, which is the same 00:03:13.240 --> 00:03:18.889 amount that was requested for the current fiscal year. In 00:03:18.889 --> 00:03:20.400 the current fiscal year, the 00:03:20.400 --> 00:03:23.699 agreement has been significantly different from prior years 00:03:23.699 --> 00:03:25.039 in that it included some 00:03:25.039 --> 00:03:28.000 specific goals, deliverables and metrics along with 00:03:28.000 --> 00:03:30.520 enhanced clauses on financial reporting, 00:03:30.520 --> 00:03:33.569 insurance and indemnity because we have an active legal 00:03:33.569 --> 00:03:35.199 department who wants to make 00:03:35.199 --> 00:03:39.199 sure that everybody is protected and to date this year, the 00:03:39.199 --> 00:03:41.580 Chamber has either met or exceeded 00:03:41.580 --> 00:03:46.199 all of the terms of the agreement. 00:03:46.199 --> 00:03:48.780 The draft agreement, which is included in your backup 00:03:48.780 --> 00:03:50.560 packet for the coming fiscal year, 00:03:50.560 --> 00:03:54.830 it follows the same format as the current years, but it is 00:03:54.830 --> 00:03:56.860 updated to include shared 00:03:56.860 --> 00:04:00.620 strategic initiatives, a revision of the goals related to 00:04:00.620 --> 00:04:02.960 website and social media marketing 00:04:02.960 --> 00:04:08.830 to revise the increase down from 20% to 10%. 20% increase 00:04:08.830 --> 00:04:11.240 is unsustainable over time. So 00:04:11.240 --> 00:04:15.280 we -- I'm sorry, I should back up and say that all of these 00:04:15.280 --> 00:04:17.399 changes, my office and the 00:04:17.399 --> 00:04:19.879 Chamber's Office of Economic Development as well as their 00:04:19.879 --> 00:04:21.519 board leadership, we met and 00:04:21.519 --> 00:04:25.029 conferred on all of these items. So these are agreed to 00:04:25.029 --> 00:04:27.759 items in the contract. So again, 00:04:27.759 --> 00:04:30.670 revise those goals related to website and social media 00:04:30.670 --> 00:04:32.839 marketing. We did add a new goal 00:04:32.839 --> 00:04:35.810 for contacts made at marketing events and the reporting of 00:04:35.810 --> 00:04:37.279 those contacts. That was 00:04:37.279 --> 00:04:41.000 something that was left in this year's -- as a year to 00:04:41.000 --> 00:04:43.839 establish a baseline expectation. 00:04:43.839 --> 00:04:46.750 So we're just adding the numbers in there. We did increase 00:04:46.750 --> 00:04:47.879 the number of site visits 00:04:47.879 --> 00:04:52.709 from target industry companies by one. So it's up from six 00:04:52.709 --> 00:04:54.720 to seven in the proposed 00:04:54.720 --> 00:04:58.519 contract. And then we also -- because one of the most 00:04:58.519 --> 00:04:59.800 important things that the Chamber 00:04:59.800 --> 00:05:03.139 does in terms of economic development is engage the 00:05:03.139 --> 00:05:06.120 business community in Denton with economic 00:05:06.120 --> 00:05:10.000 development through the partnership investment program. So 00:05:10.000 --> 00:05:11.079 we felt like it was important 00:05:11.079 --> 00:05:14.610 to recognize the fact that they have been doing good work 00:05:14.610 --> 00:05:16.279 in this area on an ongoing 00:05:16.279 --> 00:05:20.689 basis for a number of years. And we just tied some goals to 00:05:20.689 --> 00:05:23.000 that, again, with their input 00:05:23.000 --> 00:05:26.839 and agreement to what would be a reasonable expectation 00:05:26.839 --> 00:05:29.120 there. As I said, Chamber staff 00:05:29.120 --> 00:05:31.850 and board leadership was involved in the drafting. They 00:05:31.850 --> 00:05:33.839 reviewed everything. And there were no 00:05:33.839 --> 00:05:39.730 requested changes. That's it. So happy to answer any 00:05:39.730 --> 00:05:40.839 questions. 00:05:40.839 --> 00:05:45.759 >> Mr. Banks? >> I have a question. 00:05:45.759 --> 00:05:49.639 >> I have a couple of questions. First, the increase 00:05:49.639 --> 00:05:53.680 engagement on social media. I'm wondering 00:05:53.680 --> 00:05:56.600 this is just a thought as opposed to putting in Facebook, 00:05:56.600 --> 00:05:58.439 LinkedIn and Twitter, you know, 00:05:58.439 --> 00:06:01.339 throughout the year there could be something else that's 00:06:01.339 --> 00:06:02.879 more relevant or one of these 00:06:02.879 --> 00:06:06.040 could be phased out and something else. Is there a reason 00:06:06.040 --> 00:06:07.560 that there are these three 00:06:07.560 --> 00:06:12.470 versus just saying social media engagement? >> So those are 00:06:12.470 --> 00:06:14.160 the platforms that the Chamber 00:06:14.160 --> 00:06:17.639 currently uses. And I will say that there might be some of 00:06:17.639 --> 00:06:18.319 these questions that are 00:06:18.319 --> 00:06:22.360 more appropriately answered by Chamber staff. So Adam, do 00:06:22.360 --> 00:06:24.399 you have any contributions on 00:06:24.399 --> 00:06:27.490 this? I mean, we wanted to work with them as far as what 00:06:27.490 --> 00:06:28.839 they were using. They did not 00:06:28.839 --> 00:06:31.600 inform us that they have any plans to make any changes or 00:06:31.600 --> 00:06:33.040 updates to their platforms 00:06:33.040 --> 00:06:38.529 in the coming year. So you can speak from there as long as 00:06:38.529 --> 00:06:42.480 you talk towards the microphone. 00:06:42.480 --> 00:06:45.019 >> Currently we are using Facebook, Twitter and LinkedIn. 00:06:45.019 --> 00:06:46.279 LinkedIn is to kind of market 00:06:46.279 --> 00:06:49.550 towards the site selection community and C-level executives 00:06:49.550 --> 00:06:51.360 . Facebook is kind of geared towards 00:06:51.360 --> 00:06:54.620 marketing to keep the community, people engaged with what's 00:06:54.620 --> 00:06:56.319 going on. And then Twitter is 00:06:56.319 --> 00:07:00.180 to keep everybody apprised of what's going on with what we 00:07:00.180 --> 00:07:01.920 're doing. We're open to 00:07:01.920 --> 00:07:05.199 using other channels as well. So we do other media outlets 00:07:05.199 --> 00:07:06.879 also, some advertising and things 00:07:06.879 --> 00:07:09.000 like that. >> And my thought was just to increase the 00:07:09.000 --> 00:07:12.339 flexibility because, you know, technology is constantly 00:07:12.339 --> 00:07:14.240 changing as well as social media 00:07:14.240 --> 00:07:17.579 platforms for all we know. Snapchat could be the business 00:07:17.579 --> 00:07:19.319 link of the future. We don't 00:07:19.319 --> 00:07:22.759 know at this point. So it was really just a thought as far 00:07:22.759 --> 00:07:24.519 as flexibility in where the 00:07:24.519 --> 00:07:27.759 focus is over the next year as new platforms emerge. 00:07:27.759 --> 00:07:32.019 >> It seems to me like since we have a history and can 00:07:32.019 --> 00:07:35.040 apply numbers and expectations to 00:07:35.040 --> 00:07:38.300 the deliverables because we have a history with what they 00:07:38.300 --> 00:07:39.920 're already using, it makes 00:07:39.920 --> 00:07:44.240 sense to leave those in there specifically. However, that 00:07:44.240 --> 00:07:46.399 doesn't prohibit the Chamber 00:07:46.399 --> 00:07:52.500 from opening a Snapchat account. Whatever mysterious app is 00:07:52.500 --> 00:07:54.240 yet to come. And then if 00:07:54.240 --> 00:07:57.879 it's something that they find effective, we can, you know, 00:07:57.879 --> 00:07:59.720 talk about it and discuss possible 00:07:59.720 --> 00:08:03.160 inclusion in the future. Is that a kind of a compromise? 00:08:03.160 --> 00:08:06.120 >> It's not a sticking point or anything. >> We're open to 00:08:06.120 --> 00:08:08.160 anything related to marketing. 00:08:08.160 --> 00:08:11.069 Our job is to market the community, to get prospects here 00:08:11.069 --> 00:08:12.480 and get the site selectors 00:08:12.480 --> 00:08:16.490 to give us first look. So whatever it takes to accomplish 00:08:16.490 --> 00:08:18.480 that goal is what we're open 00:08:18.480 --> 00:08:21.480 to doing. >> Okay. 00:08:21.480 --> 00:08:26.720 >> And I'm just curious, why is this an ordinance? If we 00:08:26.720 --> 00:08:28.800 have an agreement between the Chamber 00:08:28.800 --> 00:08:33.289 and the city, that agreement will roll. I'm just interested 00:08:33.289 --> 00:08:35.200 why make this an ordinance 00:08:35.200 --> 00:08:39.259 that will then have to constantly change with the specific 00:08:39.259 --> 00:08:41.080 numbers. And included in that 00:08:41.080 --> 00:08:45.009 is, you know, I don't know that the Chamber would have any 00:08:45.009 --> 00:08:46.840 way and have any knowledge 00:08:46.840 --> 00:08:50.879 of how to -- the metrics involved or who is involved in the 00:08:50.879 --> 00:08:52.919 determination of business 00:08:52.919 --> 00:08:55.440 owners rating Denton as a good place to do business. 00:08:55.440 --> 00:08:58.610 >> Okay. I'm glad to answer both of those. Because it's an 00:08:58.610 --> 00:08:59.879 expenditure of funds, there 00:08:59.879 --> 00:09:04.049 has to be an ordinance attached to it. That's municipal law 00:09:04.049 --> 00:09:06.120 related. So that's why we have 00:09:06.120 --> 00:09:09.940 to do this every year. And then in terms of the shared 00:09:09.940 --> 00:09:11.639 goals that you reference that are 00:09:11.639 --> 00:09:16.129 stated in the ordinance itself, that was at a request from 00:09:16.129 --> 00:09:19.440 one of our council members. 00:09:19.440 --> 00:09:22.730 Those goals are something that's included in the city's 00:09:22.730 --> 00:09:24.480 strategic plan as long-term 00:09:24.480 --> 00:09:30.100 goals. And in our contract discussions with Adam and the 00:09:30.100 --> 00:09:33.279 board chair of the Chamber, Eric, 00:09:33.279 --> 00:09:37.690 we thought that it might demonstrate some alignment of 00:09:37.690 --> 00:09:39.960 purpose if we could say that 00:09:39.960 --> 00:09:43.889 we share these goals as stated in the ordinance. And my 00:09:43.889 --> 00:09:46.960 office has the responsibility for charting 00:09:46.960 --> 00:09:51.080 the progress of those goals. So that's not something that 00:09:51.080 --> 00:09:52.759 we are holding the Chamber 00:09:52.759 --> 00:09:55.850 to. That's something that we in conjunction with the city 00:09:55.850 --> 00:09:57.720 manager's office gauge and we 00:09:57.720 --> 00:10:01.620 have our methodology for doing that. As far as the survey 00:10:01.620 --> 00:10:03.960 that will be conducted related 00:10:03.960 --> 00:10:06.490 to business owners rating Denton as a good place to do 00:10:06.490 --> 00:10:08.320 business, that's something that 00:10:08.320 --> 00:10:13.509 was actually rolled out, I believe it was done in 2015 the 00:10:13.509 --> 00:10:15.799 last time. And it was a survey 00:10:15.799 --> 00:10:18.830 that was undertaken with the assistance of a national 00:10:18.830 --> 00:10:21.080 consulting firm by the city manager's 00:10:21.080 --> 00:10:24.690 office. They're going to be doing that again two more times 00:10:24.690 --> 00:10:26.879 . So it's standard methodology. 00:10:26.879 --> 00:10:29.970 It's used by a lot of communities. But that's what we're 00:10:29.970 --> 00:10:31.840 going to be using to gauge progress 00:10:31.840 --> 00:10:32.840 on that goal. 00:10:32.840 --> 00:10:35.870 Is that solicited through, you know, do they select 00:10:35.870 --> 00:10:38.320 businesses at random or is that something 00:10:38.320 --> 00:10:40.659 any member of the public, whether they're involved in 00:10:40.659 --> 00:10:41.879 business or not, could log on 00:10:41.879 --> 00:10:42.879 and -- 00:10:42.879 --> 00:10:43.879 The business survey -- 00:10:43.879 --> 00:10:45.440 It could be skewed, is my concern. 00:10:45.440 --> 00:10:47.639 It's specifically targeted to businesses. 00:10:47.639 --> 00:10:51.000 Okay. Thank you for that answer. 00:10:51.000 --> 00:10:56.929 Any other questions on this point? And your recommendation 00:10:56.929 --> 00:10:58.759 once again is? 00:10:58.759 --> 00:11:02.690 Well, my recommendation is approval of the contract. But 00:11:02.690 --> 00:11:05.360 this is an informational presentation 00:11:05.360 --> 00:11:08.149 to this board. There's no -- you all are not required to 00:11:08.149 --> 00:11:09.600 make a recommendation on this 00:11:09.600 --> 00:11:16.519 particular item. So that's questions and answers. And when 00:11:16.519 --> 00:11:18.120 you all are satisfied, then we can 00:11:18.120 --> 00:11:20.639 move on to the next one. 00:11:20.639 --> 00:11:24.340 Any other questions from the committee? There being none, 00:11:24.340 --> 00:11:25.240 we thank you very much. 00:11:25.240 --> 00:11:26.240 You're welcome. 00:11:26.240 --> 00:11:35.000 Thank you. 00:11:35.000 --> 00:11:40.669 The next item on the agenda is EDP 18040, Receive a Report, 00:11:40.669 --> 00:11:42.919 Hold Discussion, and Make 00:11:42.919 --> 00:11:45.980 a Recommendation to the City Council Regarding the Economic 00:11:45.980 --> 00:11:47.759 Development Plan Grant Agreement 00:11:47.759 --> 00:11:52.659 Between City of Denton and Golden Triangle Mall. That item 00:11:52.659 --> 00:11:55.279 is being removed because of 00:11:55.279 --> 00:11:57.720 the request being removed. 00:11:57.720 --> 00:12:04.840 We now come to EDP 18043, Staff Reports. And the first is 00:12:04.840 --> 00:12:04.840 -- 00:12:04.840 --> 00:12:05.840 Did we skip one? 00:12:05.840 --> 00:12:06.840 Did we skip one? 00:12:06.840 --> 00:12:07.840 Yes, sir. It's right here at the bottom. It's kind of 00:12:07.840 --> 00:12:07.840 hidden. 00:12:07.840 --> 00:12:08.840 Oh, I did. 00:12:08.840 --> 00:12:09.840 Yes. 00:12:09.840 --> 00:12:10.840 Sorry, Michelle. 00:12:10.840 --> 00:12:11.840 She thought she was off the hook. 00:12:11.840 --> 00:12:13.350 Okay. That's what you get when you get a kind of a -- what 00:12:13.350 --> 00:12:14.840 do you call it? A backup quarterback? 00:12:14.840 --> 00:12:31.159 Give me a little time in there. Get my feet under me. 00:12:31.159 --> 00:12:35.669 EDP 18044, Receive a Report, Hold Discussion, and Give 00:12:35.669 --> 00:12:38.039 Staff Direction Regarding Nominations 00:12:38.039 --> 00:12:41.200 for the Upcoming Business Awards Breakfast. 00:12:41.200 --> 00:12:47.200 Michelle Cunningham will be making that presentation. 00:12:47.200 --> 00:13:07.980 It's that time of year again. We will be having our annual 00:13:07.980 --> 00:13:10.279 Mayor Council breakfast that is 00:13:10.279 --> 00:13:14.440 part of our Business Appreciation Business Awards Breakfast 00:13:14.440 --> 00:13:16.879 on Thursday, September, I 00:13:16.879 --> 00:13:21.289 believe it's the 27th. So that will be going out. We're fir 00:13:21.289 --> 00:13:22.799 ming up some pricing and things, 00:13:22.799 --> 00:13:28.240 so we have not announced to Council yet, but that will be 00:13:28.240 --> 00:13:31.080 in their Friday packet. And at 00:13:31.080 --> 00:13:34.840 that breakfast, we typically -- the Economic Development 00:13:34.840 --> 00:13:36.919 Partnership Board as well as UNT, 00:13:36.919 --> 00:13:41.620 TW, NCTC, the Small Business Development Center, and 00:13:41.620 --> 00:13:45.480 Downtown Task Force, et cetera, recognize 00:13:45.480 --> 00:13:49.509 businesses and appreciate them for their investment in the 00:13:49.509 --> 00:13:52.639 City of Denton. And this has been going 00:13:52.639 --> 00:13:55.700 on for quite some time. I think we're almost 15 years into 00:13:55.700 --> 00:13:57.399 it. But if you look at your 00:13:57.399 --> 00:14:02.049 packet, Exhibit 2 indicates the Business Recognition Awards 00:14:02.049 --> 00:14:04.240 criteria. And historically, this has 00:14:04.240 --> 00:14:09.159 been what the Economic Development Partnership Board had 00:14:09.159 --> 00:14:12.240 adopted as their award criteria. 00:14:12.240 --> 00:14:17.299 And so also I believe in there you will see that in the AIS 00:14:17.299 --> 00:14:19.559 it lists some of the past 00:14:19.559 --> 00:14:25.399 recipients. Almost all at this point, virtually all of the 00:14:25.399 --> 00:14:27.200 Denton's larger employers have 00:14:27.200 --> 00:14:31.840 been recognized at some point or another. And not just by 00:14:31.840 --> 00:14:33.799 the Economic Development Partnership 00:14:33.799 --> 00:14:40.440 Board, but again by departments, the airport, DME, police, 00:14:40.440 --> 00:14:43.919 fire, et cetera, over time also 00:14:43.919 --> 00:14:48.269 participate in this breakfast and have given recognitions 00:14:48.269 --> 00:14:51.039 to both large and small companies. 00:14:51.039 --> 00:14:54.769 What I've handed out is a matrix, and it's just a 00:14:54.769 --> 00:14:57.600 suggestion or an exhibit for you to 00:14:57.600 --> 00:15:01.549 consider. And on it, on the first page, are three of the 00:15:01.549 --> 00:15:04.340 larger employers. You may recognize 00:15:04.340 --> 00:15:09.220 Target and ACME Brick from the last go-round. And also on 00:15:09.220 --> 00:15:11.960 the second page, TRCA, I think 00:15:11.960 --> 00:15:16.070 John, last year you had mentioned looking at some of the 00:15:16.070 --> 00:15:18.399 smaller businesses as well. 00:15:18.399 --> 00:15:22.480 And we're certainly open to suggestions for those. When we 00:15:22.480 --> 00:15:23.720 come back to you at the beginning 00:15:23.720 --> 00:15:27.429 of September, we'll ask you to go ahead and nominate the 00:15:27.429 --> 00:15:29.279 business that you want as your 00:15:29.279 --> 00:15:33.210 recipient. But if you don't mind, I'll just briefly cover 00:15:33.210 --> 00:15:37.360 some of the things here. Winko, 00:15:37.360 --> 00:15:42.919 you can see the amount of investment. One of the things 00:15:42.919 --> 00:15:44.200 that's asked is what do these 00:15:44.200 --> 00:15:47.330 companies bring to the community? And Winko does 00:15:47.330 --> 00:15:49.759 participate. They're in the United Way. 00:15:49.759 --> 00:15:52.919 They're a North Texas food bank partner. And they also 00:15:52.919 --> 00:15:54.759 donate at a corporate level. If 00:15:54.759 --> 00:15:58.850 you get to them a month ahead, you can ask for school- 00:15:58.850 --> 00:16:01.840 related funding, fundraiser money 00:16:01.840 --> 00:16:06.259 from the corporate group. Where they've innovated is 00:16:06.259 --> 00:16:08.639 surprisingly a number of their stockers 00:16:08.639 --> 00:16:11.990 or actually millionaires. In their stock options, they have 00:16:11.990 --> 00:16:13.840 an employee stock option program 00:16:13.840 --> 00:16:17.340 that begins at, you know, for employees that are 19 or 00:16:17.340 --> 00:16:19.440 older that work a thousand hours, 00:16:19.440 --> 00:16:22.470 their first year. The company gives that stock to the 00:16:22.470 --> 00:16:24.720 employee. The employee's not paying 00:16:24.720 --> 00:16:27.909 for it. They have folks that started with that company 00:16:27.909 --> 00:16:29.679 because the annual growth in 00:16:29.679 --> 00:16:32.629 valuation on that stock has been 18 percent a year. And 00:16:32.629 --> 00:16:34.399 they actually have stockers that 00:16:34.399 --> 00:16:37.480 are millionaires and that are working there. So it's one of 00:16:37.480 --> 00:16:38.960 the wonderful things that they 00:16:38.960 --> 00:16:43.279 do for employees. And we will tell you from visiting Winko 00:16:43.279 --> 00:16:45.279 that they, on their own volition, 00:16:45.279 --> 00:16:48.620 got with Texas Workforce of North Central Texas and 00:16:48.620 --> 00:16:50.960 designed with the help of people with 00:16:50.960 --> 00:16:54.840 special needs an area to help them train so that they could 00:16:54.840 --> 00:16:57.279 actually work at the company. 00:16:57.279 --> 00:17:00.669 And their plant operations director states that they're 00:17:00.669 --> 00:17:02.600 some of the most inspirational 00:17:02.600 --> 00:17:06.099 people to the rest of the employees because they do hire 00:17:06.099 --> 00:17:08.380 individuals with special needs. 00:17:08.380 --> 00:17:11.700 And they are focused on providing that outreach to the Dent 00:17:11.700 --> 00:17:13.880 community as well. The valuation 00:17:13.880 --> 00:17:18.220 was 79.7 million in 2018. They have about a, it vacillates 00:17:18.220 --> 00:17:19.720 a little bit because they 00:17:19.720 --> 00:17:22.980 lose and gain, lose and gain, but it's the general 00:17:22.980 --> 00:17:25.559 employment is 150. And I will mention 00:17:25.559 --> 00:17:28.440 that on top of that valuation, we were just looking at the 00:17:28.440 --> 00:17:30.319 building, their business personal 00:17:30.319 --> 00:17:35.529 properties about another 63 million. So they are, they're a 00:17:35.529 --> 00:17:38.759 wonderful addition to the city. 00:17:38.759 --> 00:17:44.430 With Target Corporation, we talked about Target last year. 00:17:44.430 --> 00:17:47.640 They have again United Way Board, 00:17:47.640 --> 00:17:53.980 Serve Denton Board, North Texas Food Bank, Our Daily Bread. 00:17:53.980 --> 00:17:56.559 They do Denton ISD grants 00:17:56.559 --> 00:17:59.079 for field trips and things specifically with Wilson 00:17:59.079 --> 00:18:02.240 Elementary. And their employees have 00:18:02.240 --> 00:18:06.059 a goal of volunteerism. Target's the first company in the 00:18:06.059 --> 00:18:08.680 nation that provided 3% for 00:18:08.680 --> 00:18:13.460 education before taxes. So they were a leader in that kind 00:18:13.460 --> 00:18:15.160 of innovation or that giving 00:18:15.160 --> 00:18:20.140 back from a corporate standpoint many years ago. And you 00:18:20.140 --> 00:18:21.200 can read through the innovation 00:18:21.200 --> 00:18:27.450 information. 63.1 million valuation in 2018 and again about 00:18:27.450 --> 00:18:30.200 150 employees. Acme Brick. 00:18:30.200 --> 00:18:34.460 And these last two, I've got 2017 valuations in because the 00:18:34.460 --> 00:18:37.240 2018s should be posted to shortly 00:18:37.240 --> 00:18:40.230 because they've been ruled, but there were some ARB things 00:18:40.230 --> 00:18:42.960 in there. So with Acme Brick, 00:18:42.960 --> 00:18:46.619 I think they're going to come in at about 34 million. But 00:18:46.619 --> 00:18:49.480 anyway, Acme Brick of course 00:18:49.480 --> 00:18:54.670 has been here forever. They are premier, they're Berkshire 00:18:54.670 --> 00:18:57.759 Hathaway Company that has been a 00:18:57.759 --> 00:19:02.150 chamber member for many years. They donate to UT Arlington 00:19:02.150 --> 00:19:04.480 for a masonry program there. 00:19:04.480 --> 00:19:06.960 They're the largest brick producer in the nation. And of 00:19:06.960 --> 00:19:08.160 course they have that huge 00:19:08.160 --> 00:19:11.339 facility here. And they continue to grow and build new 00:19:11.339 --> 00:19:13.640 brick and tile products. So I think 00:19:13.640 --> 00:19:16.119 the tile products with all the things, the home shows that 00:19:16.119 --> 00:19:17.160 you see on television and 00:19:17.160 --> 00:19:22.019 all the innovations and design, a lot of those things are 00:19:22.019 --> 00:19:24.559 Acme Brick products. And then last 00:19:24.559 --> 00:19:30.029 year we had added Little Guys Movers and TRCA. And actually 00:19:30.029 --> 00:19:33.519 Little Guys Movers were UNT students 00:19:33.519 --> 00:19:37.250 previously. And so University of North Texas actually 00:19:37.250 --> 00:19:39.839 presented to them. We did not select 00:19:39.839 --> 00:19:42.799 them here. And when they were talking to us about folks 00:19:42.799 --> 00:19:44.559 that we might know that were UNT 00:19:44.559 --> 00:19:48.269 alums, we mentioned them and they did receive or were 00:19:48.269 --> 00:19:50.599 recognized last year. But in looking 00:19:50.599 --> 00:19:55.509 at some of the small to medium sized companies, the award 00:19:55.509 --> 00:19:58.680 criteria had been developed around 00:19:58.680 --> 00:20:02.049 the amount of investment and physical taxable investment in 00:20:02.049 --> 00:20:03.759 the community. And you like 00:20:03.759 --> 00:20:08.150 to with many, many of our companies, they're excellent, 00:20:08.150 --> 00:20:11.480 excellent companies. They are tireless 00:20:11.480 --> 00:20:16.009 contributors to the community, et cetera. However, their 00:20:16.009 --> 00:20:17.480 physical equipment, it's a 00:20:17.480 --> 00:20:20.349 knowledge based thing. So their employees may be spending 00:20:20.349 --> 00:20:21.599 in the community, but there's 00:20:21.599 --> 00:20:24.200 not a lot of taxable valuation there. So it becomes 00:20:24.200 --> 00:20:26.279 difficult when you're looking at folks 00:20:26.279 --> 00:20:31.880 like that to determine how far the board wants to move away 00:20:31.880 --> 00:20:34.880 from the larger companies and 00:20:34.880 --> 00:20:39.150 if you want to maybe at some point go to maybe more than 00:20:39.150 --> 00:20:42.400 one award, that's up to you all. 00:20:42.400 --> 00:20:46.630 But Technology Resource Centers of America is located on 00:20:46.630 --> 00:20:49.119 Virginia Circle. If you drive 00:20:49.119 --> 00:20:52.119 over the bridge, you will on 380, you won't see them 00:20:52.119 --> 00:20:54.000 because they're down by the railroad 00:20:54.000 --> 00:20:57.170 tracks. But this started as Telephone Resource Centers of 00:20:57.170 --> 00:20:59.559 America and they were rehabbing 00:20:59.559 --> 00:21:03.880 telephone equipment and reselling it. And now they are 00:21:03.880 --> 00:21:08.519 providing web and data management 00:21:08.519 --> 00:21:12.710 for a number of companies and you would be amazed. Anybody 00:21:12.710 --> 00:21:14.400 from Dick's Sporting Goods 00:21:14.400 --> 00:21:23.960 to not Pet Boys, O'Reilly, yes. And Fort Knox, they do some 00:21:23.960 --> 00:21:27.279 homeland security, they're 00:21:27.279 --> 00:21:32.750 former military. They have 53 employees that are here, that 00:21:32.750 --> 00:21:35.559 vacillates somewhat too because 00:21:35.559 --> 00:21:38.750 they send sales teams out to do the actual physical 00:21:38.750 --> 00:21:41.559 installation of the wiring and everything 00:21:41.559 --> 00:21:44.740 that they need to do, point of sale systems in companies. P 00:21:44.740 --> 00:21:46.440 .F. Chang's is another one 00:21:46.440 --> 00:21:50.170 of their clients. So they're, I believe number two or three 00:21:50.170 --> 00:21:51.680 in the nation for what it is 00:21:51.680 --> 00:21:55.240 they do in size and yet they're this quiet company that's 00:21:55.240 --> 00:21:58.079 here in Denton. So that's, 00:21:58.079 --> 00:22:00.150 they do own their building, they bought the former Baker 00:22:00.150 --> 00:22:01.559 Distribution Building and they're 00:22:01.559 --> 00:22:05.250 leasing half of it out at this point. And they have about 00:22:05.250 --> 00:22:08.119 1800 employees that are contract 00:22:08.119 --> 00:22:11.849 employees, so they are not located here physically in Dent 00:22:11.849 --> 00:22:14.160 on. They are teams that go out that 00:22:14.160 --> 00:22:18.029 help companies when they're having problems. So they have 00:22:18.029 --> 00:22:20.400 stellar service records as well. 00:22:20.400 --> 00:22:24.190 So these are some folks that you may want to consider and I 00:22:24.190 --> 00:22:26.059 guess I'm looking for any 00:22:26.059 --> 00:22:30.150 suggestions that you all may have about anybody else you 00:22:30.150 --> 00:22:32.559 would like to see on this list for 00:22:32.559 --> 00:22:34.559 the September meeting. 00:22:34.559 --> 00:22:38.420 Michelle, do you have a timeframe that you need that 00:22:38.420 --> 00:22:40.559 information sent to you? 00:22:40.559 --> 00:22:45.000 Yes, if you could do that maybe I'd say by in the next two 00:22:45.000 --> 00:22:47.599 weeks that would be wonderful 00:22:47.599 --> 00:22:51.559 because that'll give me some time to interview some folks 00:22:51.559 --> 00:22:53.640 if I need to to try and find out 00:22:53.640 --> 00:22:58.930 about their community service. These folks do not know that 00:22:58.930 --> 00:23:00.720 they are on this list and 00:23:00.720 --> 00:23:05.160 we've not advised anybody. We typically try and find out 00:23:05.160 --> 00:23:07.519 the information that we can so 00:23:07.519 --> 00:23:11.720 that we can evenly present to you the criteria information. 00:23:11.720 --> 00:23:15.029 Michelle, we have a question from Councilwoman Briggs, 00:23:15.029 --> 00:23:15.720 please. 00:23:15.720 --> 00:23:16.720 Yes, ma'am. 00:23:16.720 --> 00:23:20.569 Not necessarily a question but more of a comment because I 00:23:20.569 --> 00:23:22.720 was looking at the criteria and 00:23:22.720 --> 00:23:26.809 I think you mentioned earlier the list of past award 00:23:26.809 --> 00:23:29.359 recipients and if the criteria 00:23:29.359 --> 00:23:32.509 stays the same we're going to have to just keep renomin 00:23:32.509 --> 00:23:34.319 ating the same people over and 00:23:34.319 --> 00:23:37.609 over again I think. I mean unless we get more people in, 00:23:37.609 --> 00:23:39.720 more larger companies in. So I 00:23:39.720 --> 00:23:45.200 would like to see either the criteria tweaked a little bit 00:23:45.200 --> 00:23:48.240 or another award added because 00:23:48.240 --> 00:23:51.500 I do believe we have a lot of other medium and small 00:23:51.500 --> 00:23:53.680 businesses that deserve it in my 00:23:53.680 --> 00:23:57.190 mind when I kept going through. Like I kept thinking of 00:23:57.190 --> 00:23:59.160 somebody who's been here for ages 00:23:59.160 --> 00:24:02.460 and ages and they have contributed to the community but 00:24:02.460 --> 00:24:04.200 there were some things that 00:24:04.200 --> 00:24:09.609 just weren't there on the other qualifications. So that 00:24:09.609 --> 00:24:12.559 would be my recommendation or ask 00:24:12.559 --> 00:24:16.559 to do either or. And I guess a question I have because I 00:24:16.559 --> 00:24:20.519 have been to the business breakfast 00:24:20.519 --> 00:24:24.680 and I wonder how the invites are sent because when I'm 00:24:24.680 --> 00:24:27.279 there I see the same people and then 00:24:27.279 --> 00:24:30.680 I think oh well I wonder why this business or these people 00:24:30.680 --> 00:24:32.440 weren't invited. Can you 00:24:32.440 --> 00:24:37.099 kind of go over how that is done? Yes, the Mayor Council 00:24:37.099 --> 00:24:39.279 breakfast is by invitation 00:24:39.279 --> 00:24:42.890 only because it is part of economic development's budget 00:24:42.890 --> 00:24:45.039 and we do have a relationship with 00:24:45.039 --> 00:24:48.890 the Chamber of Commerce to help support economic 00:24:48.890 --> 00:24:52.900 development at the Chamber. Chamber investors 00:24:52.900 --> 00:24:56.500 are allowed to bring a certain number of people as well 00:24:56.500 --> 00:24:58.960 dependent upon their investment as 00:24:58.960 --> 00:25:03.400 an economic development investor at the Chamber and 00:25:03.400 --> 00:25:07.799 typically we try to limit it to two representatives 00:25:07.799 --> 00:25:11.400 from the city's top employers and so that's why you see 00:25:11.400 --> 00:25:13.299 major employers there and when 00:25:13.299 --> 00:25:17.349 you see banks there that may be or real estate companies or 00:25:17.349 --> 00:25:19.460 whomever who have more folks 00:25:19.460 --> 00:25:24.250 there than two it's because they are Chamber investors and 00:25:24.250 --> 00:25:26.799 that structure right now lets 00:25:26.799 --> 00:25:30.579 them invite I believe up to four people. So are there any 00:25:30.579 --> 00:25:33.559 other businesses that aren't 00:25:33.559 --> 00:25:39.940 Chamber members that are invited? Not that aren't large 00:25:39.940 --> 00:25:42.180 companies or are companies that 00:25:42.180 --> 00:25:47.660 are in our targeted areas. No because again we're paying 00:25:47.660 --> 00:25:50.240 for breakfast and so you know 00:25:50.240 --> 00:25:54.680 we've there's so many medium and small size companies we 00:25:54.680 --> 00:25:56.920 are a service community. We have 00:25:56.920 --> 00:26:00.359 a number of you know vital service providers here as well 00:26:00.359 --> 00:26:02.200 but they're smaller they're 00:26:02.200 --> 00:26:07.200 not major companies so it's just the major employers that 00:26:07.200 --> 00:26:09.680 are asked. Councilwoman are 00:26:09.680 --> 00:26:12.670 there some in particular that you're interested in having 00:26:12.670 --> 00:26:15.279 attend? Well I just wondered about 00:26:15.279 --> 00:26:20.019 the process and how people are invited and I had when I 00:26:20.019 --> 00:26:23.000 posted people said you know well 00:26:23.000 --> 00:26:25.759 I didn't get an invitation and I had no you know response 00:26:25.759 --> 00:26:27.200 like well you know you're not 00:26:27.200 --> 00:26:32.089 a large you know employer or something so I'm just curious 00:26:32.089 --> 00:26:34.880 you know why and like I said 00:26:34.880 --> 00:26:38.720 as far as the criteria go and awards I just want to make 00:26:38.720 --> 00:26:41.160 sure that we are acknowledging 00:26:41.160 --> 00:26:44.839 our medium and smaller businesses on a different level 00:26:44.839 --> 00:26:47.880 besides just retention business retention 00:26:47.880 --> 00:26:51.380 visits because I that's a one aspect of it but I think that 00:26:51.380 --> 00:26:53.200 we also should acknowledge 00:26:53.200 --> 00:26:58.210 them in our community in other ways. Okay. Any other 00:26:58.210 --> 00:27:04.519 comments or questions? For the tweaking 00:27:04.519 --> 00:27:07.799 you might want to look at putting a percentage so if it's 00:27:07.799 --> 00:27:09.680 the economic impact based on the 00:27:09.680 --> 00:27:13.029 number of employees that might be a way to tweak it to be 00:27:13.029 --> 00:27:14.799 able to expand to the number 00:27:14.799 --> 00:27:18.619 of companies and how they have impact so if it's a company 00:27:18.619 --> 00:27:20.920 of only 20 or 40 people they 00:27:20.920 --> 00:27:26.339 can compete on a more fair footing with the Winko that has 00:27:26.339 --> 00:27:29.240 many many more does that make 00:27:29.240 --> 00:27:32.890 sense? Expand a little bit. If it's a percentage if you 00:27:32.890 --> 00:27:35.640 look at a percentage base if you look 00:27:35.640 --> 00:27:38.789 at a percentage base versus an absolute dollar amount 00:27:38.789 --> 00:27:40.880 certainly a Target or Winko should 00:27:40.880 --> 00:27:44.769 be able to always be the number one or number two but like 00:27:44.769 --> 00:27:47.440 a TRCA which has a smaller footprint 00:27:47.440 --> 00:27:51.230 because they can't hire that many people in Denton they 00:27:51.230 --> 00:27:53.200 still have a large impact and 00:27:53.200 --> 00:27:56.099 they also have the ability to have a large impact on our 00:27:56.099 --> 00:27:57.640 city and we should be able to 00:27:57.640 --> 00:28:01.380 recognize them for their contributions and that way we can 00:28:01.380 --> 00:28:03.039 compare you know at least 00:28:03.039 --> 00:28:05.680 maybe not apples to apples but at least you know apples to 00:28:05.680 --> 00:28:07.000 something that's close to 00:28:07.000 --> 00:28:13.079 an apple. I'm hearing a couple of recommendations from you 00:28:13.079 --> 00:28:15.839 Councilwoman and from you Mr. Rondele 00:28:15.839 --> 00:28:19.509 perhaps if you could communicate those to Michelle then 00:28:19.509 --> 00:28:22.119 that we can perhaps we can modify 00:28:22.119 --> 00:28:30.220 the selection criteria if you have time. Anything else? Any 00:28:30.220 --> 00:28:33.759 more questions? Thank you. Thank 00:28:33.759 --> 00:28:36.630 you very much and we look forward to having any other 00:28:36.630 --> 00:28:38.640 additional considerations to you 00:28:38.640 --> 00:28:47.720 by August 22nd. Let's see if the backup quarterback can get 00:28:47.720 --> 00:28:50.680 a pass completed now. Let's see. 00:28:50.680 --> 00:29:02.079 All right. Now we go to staff reports. EDP 18043 and we 00:29:02.079 --> 00:29:10.519 have five items here. Okay I'm 00:29:10.519 --> 00:29:15.019 just gonna do this from my seat over here and I'll touch 00:29:15.019 --> 00:29:17.440 quickly on the city economic 00:29:17.440 --> 00:29:21.660 development departments staff report items. The first thing 00:29:21.660 --> 00:29:23.400 in your packet is a letter 00:29:23.400 --> 00:29:27.329 in support of the Greater Denton Arts Council's application 00:29:27.329 --> 00:29:29.359 to the National Endowment for 00:29:29.359 --> 00:29:35.430 the Arts for a grant that's called the Our Town Place based 00:29:35.430 --> 00:29:38.160 grant and GDAC is looking 00:29:38.160 --> 00:29:42.539 to host an event in the form of a community block party in 00:29:42.539 --> 00:29:45.400 the fall of 2019 and one of 00:29:45.400 --> 00:29:48.819 the key elements of being eligible to apply for this grant 00:29:48.819 --> 00:29:50.480 is a partnership between a 00:29:50.480 --> 00:29:53.960 nonprofit organization in this case GDAC and local 00:29:53.960 --> 00:29:56.400 government in this case the city of 00:29:56.400 --> 00:30:00.160 Denton so we are supporting them in their application by 00:30:00.160 --> 00:30:02.119 assisting them in preparing 00:30:02.119 --> 00:30:06.480 the application and partnering with them in aspects of 00:30:06.480 --> 00:30:09.200 actually planning and executing 00:30:09.200 --> 00:30:13.930 the event. One of the things that is helpful in making an 00:30:13.930 --> 00:30:15.319 application like this is letters 00:30:15.319 --> 00:30:20.170 of support from various organizations and because of the 00:30:20.170 --> 00:30:22.480 deadline that we were on we 00:30:22.480 --> 00:30:26.890 communicated directly with Marty Rivers as the board chair 00:30:26.890 --> 00:30:28.920 in order to prepare and get 00:30:28.920 --> 00:30:32.000 him to sign a letter of support so this is the letter that 00:30:32.000 --> 00:30:33.519 he signed on behalf of the 00:30:33.519 --> 00:30:38.230 board and we just wanted to communicate to you that this 00:30:38.230 --> 00:30:40.880 was done on your behalf by your 00:30:40.880 --> 00:30:45.529 board chair and we are finalizing the application with GDAC 00:30:45.529 --> 00:30:48.319 at this point and I'm glad to answer 00:30:48.319 --> 00:30:54.349 any questions about this if I can. Any questions from 00:30:54.349 --> 00:30:57.559 before? Okay and then following that 00:30:57.559 --> 00:31:00.829 you will see the statistical trends and news of Denton 00:31:00.829 --> 00:31:02.960 report I'm not going to delve into 00:31:02.960 --> 00:31:07.230 that but would be glad to answer any questions if anyone 00:31:07.230 --> 00:31:09.839 has them it is the update that you 00:31:09.839 --> 00:31:14.660 will see every month. Carolyn I would ask if I'm sure that 00:31:14.660 --> 00:31:17.799 you have spent innumerable 00:31:17.799 --> 00:31:23.019 hours on this document so if there's anything you'd like to 00:31:23.019 --> 00:31:25.680 at least bring our attention 00:31:25.680 --> 00:31:29.940 to I'm sure that everyone read everything in the packet but 00:31:29.940 --> 00:31:31.880 if there's something you'd 00:31:31.880 --> 00:31:34.359 like to bring to our attention I think it would be great. I 00:31:34.359 --> 00:31:35.480 think something just to 00:31:35.480 --> 00:31:42.559 point out in general is Denton has had a spate of housing 00:31:42.559 --> 00:31:47.279 starts in residential areas around 00:31:47.279 --> 00:31:52.880 loop 288 and FM 428 lately so we're seeing just kind of in 00:31:52.880 --> 00:31:55.720 general an uptick in residential 00:31:55.720 --> 00:32:00.170 construction that is definitely one trend that we've seen 00:32:00.170 --> 00:32:02.440 over the past several months 00:32:02.440 --> 00:32:05.529 so I think that's just a general thing for people to be 00:32:05.529 --> 00:32:07.519 aware of if they weren't already 00:32:07.519 --> 00:32:13.319 so residential growth. Thank you. You're welcome. Following 00:32:13.319 --> 00:32:18.759 that we have our RFI summary and 00:32:18.759 --> 00:32:22.049 it's labeled June but it's actually the July summary and 00:32:22.049 --> 00:32:24.160 you'll find that on page 90 of 00:32:24.160 --> 00:32:29.089 your packet. It was pretty quiet in terms of RFIs or RFP 00:32:29.089 --> 00:32:31.720 requests that we received and 00:32:31.720 --> 00:32:35.589 we were unable to respond to either of the two that we 00:32:35.589 --> 00:32:38.960 received. The first one because 00:32:38.960 --> 00:32:42.829 we did not have the existing buildings or the size of 00:32:42.829 --> 00:32:45.240 property that was required and 00:32:45.240 --> 00:32:49.220 then secondly we did not have the ability to serve their 00:32:49.220 --> 00:32:51.279 water and wastewater needs 00:32:51.279 --> 00:32:57.880 for the second one so that is the update on that. Then on 00:32:57.880 --> 00:33:01.079 page 91, 92 and 93 you'll see 00:33:01.079 --> 00:33:05.400 our direct lead summary and as you recall this is a running 00:33:05.400 --> 00:33:07.119 list that we just add to 00:33:07.119 --> 00:33:12.720 as these new ones come in. There was a site visit on July 00:33:12.720 --> 00:33:16.200 24th that I unfortunately was 00:33:16.200 --> 00:33:18.789 unable to attend because I was out of town but my 00:33:18.789 --> 00:33:20.799 understanding is that it was a very 00:33:20.799 --> 00:33:24.240 productive and positive site visit with a company looking 00:33:24.240 --> 00:33:25.920 for a 10 acre site at the 00:33:25.920 --> 00:33:29.849 Denton Airport and they were provided with a significant 00:33:29.849 --> 00:33:32.200 amount of information following 00:33:32.200 --> 00:33:36.309 the site visit and we will continue to stay in contact with 00:33:36.309 --> 00:33:38.240 them going forward and we'll 00:33:38.240 --> 00:33:45.130 update you on that as we have new information. And I think 00:33:45.130 --> 00:33:47.279 that moves over into Adam's portion. 00:33:47.279 --> 00:33:54.309 Let's do it from here. And through the Chamber's economic 00:33:54.309 --> 00:33:57.279 development department we had eight 00:33:57.279 --> 00:34:02.099 new projects in July totaling 44 for this current fiscal 00:34:02.099 --> 00:34:03.960 year. Just to summarize some 00:34:03.960 --> 00:34:05.980 of the projects that we're currently working on, not the 00:34:05.980 --> 00:34:07.119 most active projects as I call 00:34:07.119 --> 00:34:10.940 them and these definitely aren't all of them but the top 00:34:10.940 --> 00:34:13.119 four that we're currently working 00:34:13.119 --> 00:34:15.750 with, Project Redwood is a fairly new project. It's an 00:34:15.750 --> 00:34:17.599 aviation aerospace company which is 00:34:17.599 --> 00:34:21.389 a city targeted industry. We're working this one through a 00:34:21.389 --> 00:34:24.000 consulting firm out of Richmond, 00:34:24.000 --> 00:34:26.849 Virginia. It's 40 million capital investment. It will be 00:34:26.849 --> 00:34:28.599 100 new jobs at $43 an hour so 00:34:28.599 --> 00:34:32.559 very high paying aviation aerospace jobs. They're looking 00:34:32.559 --> 00:34:34.960 for 25 acres to build a 180,000 00:34:34.960 --> 00:34:37.440 square foot facility which will consist of hangar space, 00:34:37.440 --> 00:34:38.719 office space, back shop and 00:34:38.719 --> 00:34:42.460 support area. The site that we're looking at is actually a 00:34:42.460 --> 00:34:44.039 really good site that we 00:34:44.039 --> 00:34:46.829 don't have any other development on currently. It's a city 00:34:46.829 --> 00:34:48.679 owned property 150 acres on the 00:34:48.679 --> 00:34:52.230 west side of the airport runways so they would utilize that 00:34:52.230 --> 00:34:54.000 runway and that would be the 00:34:54.000 --> 00:34:59.429 first development in that area. So we think this is a very 00:34:59.429 --> 00:35:02.760 strong project for us to target. 00:35:02.760 --> 00:35:05.929 We have made the initial short list of several cities that 00:35:05.929 --> 00:35:07.679 have small airports and we've 00:35:07.679 --> 00:35:11.360 entered into an NDA, a non-disclosure agreement with the 00:35:11.360 --> 00:35:13.000 company. Project Conrad, this is 00:35:13.000 --> 00:35:16.329 one that I've been working on for 8 to 10 months now and I 00:35:16.329 --> 00:35:17.800 'm sure you all have heard 00:35:17.800 --> 00:35:20.349 it several times from me. They're getting very close to loc 00:35:20.349 --> 00:35:21.559 ating here. They're going 00:35:21.559 --> 00:35:24.820 through the contract phase right now and closing. They're 00:35:24.820 --> 00:35:27.119 looking at, they currently have 20 00:35:27.119 --> 00:35:29.440 locations across the United States. Here in Denton they're 00:35:29.440 --> 00:35:31.159 going to build 20 to 30,000 00:35:31.159 --> 00:35:34.820 square feet. They'll have 30 new jobs so they aren't 00:35:34.820 --> 00:35:37.079 requesting city incentives or anything 00:35:37.079 --> 00:35:40.590 like that. They are currently closing on an 8 acre site out 00:35:40.590 --> 00:35:42.360 at West Park next to Anderson 00:35:42.360 --> 00:35:44.760 Merchandising. I'm sure you're all familiar with that 00:35:44.760 --> 00:35:47.079 location. It is not closed yet but 00:35:47.079 --> 00:35:51.909 we'll probably be able to announce that next month. Project 00:35:51.909 --> 00:35:53.760 Crown is another one that you 00:35:53.760 --> 00:35:56.239 have all heard from me for about a year now. It's still in 00:35:56.239 --> 00:35:57.639 the works. Once again this is 00:35:57.639 --> 00:36:01.429 another one that's going through, working on closing right 00:36:01.429 --> 00:36:03.480 now. It's 98% sure it's going 00:36:03.480 --> 00:36:09.510 to happen. We can't announce it yet but we're getting close 00:36:09.510 --> 00:36:11.519 . This company manufactures forklifts 00:36:11.519 --> 00:36:15.449 and small lift trucks. We're currently working with the 00:36:15.449 --> 00:36:17.559 brokers to get them in the north 00:36:17.559 --> 00:36:20.590 building at Westgate Business Park. That building is 171, 00:36:20.590 --> 00:36:23.320 000 square feet. There's only 20,000 00:36:23.320 --> 00:36:25.469 square feet left so the company would move into that 00:36:25.469 --> 00:36:27.079 smaller space while they're waiting 00:36:27.079 --> 00:36:28.949 on building three of Westgate Business Park to be 00:36:28.949 --> 00:36:31.119 constructed which will be 73,000 square 00:36:31.119 --> 00:36:34.260 feet. Move into the small space, get started and then once 00:36:34.260 --> 00:36:36.000 building three is done they'll 00:36:36.000 --> 00:36:41.869 utilize that whole building. It's another great project for 00:36:41.869 --> 00:36:43.760 us. Project Ingredient is 00:36:43.760 --> 00:36:46.829 a brand new one. I wanted to highlight this one because we 00:36:46.829 --> 00:36:48.280 do a lot of these marketing 00:36:48.280 --> 00:36:51.119 trips and consultant forums, trade shows with Team Texas 00:36:51.119 --> 00:36:52.800 and things like that. This is one 00:36:52.800 --> 00:36:56.210 that we met at the IFT which is the International Food 00:36:56.210 --> 00:36:58.679 Technology Expo and I'll get in next 00:36:58.679 --> 00:37:02.280 into the marketing activity why we decided to do this show. 00:37:02.280 --> 00:37:03.599 One of the projects located 00:37:03.599 --> 00:37:07.079 at this one specifically said they wanted to build 150,000 00:37:07.079 --> 00:37:08.639 square foot facility on 15 00:37:08.639 --> 00:37:11.900 acres here in Denton. Their customer is Tetra Pak so they 00:37:11.900 --> 00:37:13.599 need to be located as close to 00:37:13.599 --> 00:37:16.559 Tetra Pak as possible. We did a surge provided on with 00:37:16.559 --> 00:37:18.760 three sites already in close proximity 00:37:18.760 --> 00:37:23.210 with a one mile radius so we're currently working on that 00:37:23.210 --> 00:37:25.360 as well. Project Sagebrush, 00:37:25.360 --> 00:37:29.389 another new project. We're working this one with Newmark 00:37:29.389 --> 00:37:31.519 Night Frank out of Los Angeles 00:37:31.519 --> 00:37:33.530 and they have a Dallas office as well so we're working with 00:37:33.530 --> 00:37:34.760 four different consultants out 00:37:34.760 --> 00:37:40.500 of their offices. This one is advanced manufacturing so 00:37:40.500 --> 00:37:44.599 once again a highly targeted company. They're 00:37:44.599 --> 00:37:47.190 actually doing two projects. So one they want to locate the 00:37:47.190 --> 00:37:48.719 headquarter large office project 00:37:48.719 --> 00:37:51.909 in downtown Dallas within the city of Dallas city limits 00:37:51.909 --> 00:37:53.719 and then in Denton they want to 00:37:53.719 --> 00:37:56.329 do their advanced manufacturing project looking at 20 acre 00:37:56.329 --> 00:37:58.519 sites to construct a 250,000 square 00:37:58.519 --> 00:38:01.780 foot facility. We've located roughly six sites that we 00:38:01.780 --> 00:38:05.719 presented to them that are under consideration. 00:38:05.719 --> 00:38:07.659 We have a call another call with them Thursday. They are 00:38:07.659 --> 00:38:08.840 looking for they're going to be looking 00:38:08.840 --> 00:38:12.239 for city county and state incentives so we're working on 00:38:12.239 --> 00:38:14.119 that for them as well. This project 00:38:14.119 --> 00:38:20.989 will be 200 employees at $78,000 average wages. And then 00:38:20.989 --> 00:38:22.400 last just on some of those most active 00:38:22.400 --> 00:38:26.530 projects we're all aware of the multiple speculative 00:38:26.530 --> 00:38:29.599 industrial products that are currently working 00:38:29.599 --> 00:38:33.650 on closing here in Denton so we're going to have you can 00:38:33.650 --> 00:38:36.039 quote me on the number but I'd 00:38:36.039 --> 00:38:38.199 say somewhere in the ballpark of at least 2 million square 00:38:38.199 --> 00:38:39.380 feet of industrial spec space 00:38:39.380 --> 00:38:43.059 by the time all is said and done there's about five to six 00:38:43.059 --> 00:38:45.519 different Dallas development companies 00:38:45.519 --> 00:38:47.519 that are looking to develop these industrial spec spaces 00:38:47.519 --> 00:38:48.599 and these spaces are going to 00:38:48.599 --> 00:38:52.889 be ranging from all the way from 240,000 square feet up to 00:38:52.889 --> 00:38:56.199 800 and so thousand square feet 00:38:56.199 --> 00:38:58.679 and I know Carolina and I have both been working on several 00:38:58.679 --> 00:39:00.039 of those as well and they're looking 00:39:00.039 --> 00:39:03.300 at multiple sites the site south of Winko is a you know 77 00:39:03.300 --> 00:39:04.960 acre side they're looking at 00:39:04.960 --> 00:39:07.690 the site north side of Winko that's 35 acres they're 00:39:07.690 --> 00:39:09.800 looking at the 104 acre site on the 00:39:09.800 --> 00:39:12.739 west side of Western Boulevard which I think is going under 00:39:12.739 --> 00:39:14.199 contract pretty soon and in 00:39:14.199 --> 00:39:17.360 the site the 44 acre site correct directly next to where US 00:39:17.360 --> 00:39:18.760 cold storage is building 00:39:18.760 --> 00:39:22.469 their facility would be another location for them as well 00:39:22.469 --> 00:39:24.320 so a lot of action on on those 00:39:24.320 --> 00:39:29.559 things right now. I had a question. Sure. You said 00:39:29.559 --> 00:39:32.159 something 278,000 in wages what was 00:39:32.159 --> 00:39:36.039 that? I'm not sorry the product will employ 200,000 people 00:39:36.039 --> 00:39:39.960 at 78,000 200 employees I'm 00:39:39.960 --> 00:39:50.800 sorry 200 people. You're confusing me. I apologize 200 00:39:50.800 --> 00:39:55.079 employees at 78,000 average wages annual 00:39:55.079 --> 00:39:58.369 average okay okay good good good 78,000 no that's good that 00:39:58.369 --> 00:39:59.440 's good I get to talking 00:39:59.440 --> 00:40:02.340 too fast that's okay that's okay no you you're talking okay 00:40:02.340 --> 00:40:04.800 I was listening slow so no we're 00:40:04.800 --> 00:40:09.119 good we're on the same page. Thank you. The marketing 00:40:09.119 --> 00:40:11.480 activities from the last month we 00:40:11.480 --> 00:40:14.739 did attend that Institute of Food Technology or IFT Expo we 00:40:14.739 --> 00:40:16.320 did that one with team Texas 00:40:16.320 --> 00:40:19.880 the thought process behind that is to target these advanced 00:40:19.880 --> 00:40:21.719 manufacturing products that 00:40:21.719 --> 00:40:25.139 are food related you know for instance you know these 00:40:25.139 --> 00:40:27.559 companies would compliment United 00:40:27.559 --> 00:40:30.960 States cold storage or Winko foods or Target DC that does 00:40:30.960 --> 00:40:33.000 perishable items here in Denton 00:40:33.000 --> 00:40:35.670 Aldi's distribution center in Tetra Pak so companies that 00:40:35.670 --> 00:40:36.920 are in the you know the food 00:40:36.920 --> 00:40:40.829 industry so that was a great a great conference we had two 00:40:40.829 --> 00:40:43.000 separate booths we did we did a 00:40:43.000 --> 00:40:46.489 booth with team Texas where we had you know booth space we 00:40:46.489 --> 00:40:48.280 exhibited with them we also 00:40:48.280 --> 00:40:50.539 had a small boutique marketing firm called site location 00:40:50.539 --> 00:40:51.920 partnership where we had a second 00:40:51.920 --> 00:40:54.650 booth where we did a we sponsored a dent banner so we had 00:40:54.650 --> 00:40:56.599 two separate locations I was working 00:40:56.599 --> 00:41:00.409 back and forth we got double the leads 51 new contacts came 00:41:00.409 --> 00:41:01.800 as a result of the team 00:41:01.800 --> 00:41:06.099 Texas booth which we did have one very solid prospect which 00:41:06.099 --> 00:41:08.039 I touched on up there that 00:41:08.039 --> 00:41:10.980 where they want to be next to Tetra Pak to build 150,000 00:41:10.980 --> 00:41:12.360 square foot building and then 00:41:12.360 --> 00:41:15.150 at the site location partnership booth 14 leads were 00:41:15.150 --> 00:41:16.800 cultivated where we did have one 00:41:16.800 --> 00:41:19.019 solid prospect come from that so far and we're still 00:41:19.019 --> 00:41:20.780 following up with all the support with 00:41:20.780 --> 00:41:23.869 all 14 but the one once is interested in building a are 00:41:23.869 --> 00:41:26.900 putting in a 50 to 60,000 square foot 00:41:26.900 --> 00:41:31.900 warehouse facility here in Denton. Next on the list we did 00:41:31.900 --> 00:41:33.280 the Southern Economic Development 00:41:33.280 --> 00:41:36.309 Conference which is a non-profit membership organization 00:41:36.309 --> 00:41:38.039 which serves 17 states in the 00:41:38.039 --> 00:41:41.300 southern United States. They host conferences and forums 00:41:41.300 --> 00:41:44.519 that consist of site location consultants, 00:41:44.519 --> 00:41:47.150 construction firms, architecture firms which are all 00:41:47.150 --> 00:41:48.880 working projects as well across the 00:41:48.880 --> 00:41:52.070 country so we target those also. FDI consultants foreign 00:41:52.070 --> 00:41:54.139 direct investment so consultants that 00:41:54.139 --> 00:41:57.739 work German companies or Japanese companies you know all 00:41:57.739 --> 00:42:00.000 across the board and then economic 00:42:00.000 --> 00:42:03.840 development organizations such as ours so we attended that 00:42:03.840 --> 00:42:05.500 and just highlight we did 00:42:05.500 --> 00:42:08.280 actually receive an award at this one a communications 00:42:08.280 --> 00:42:12.039 award of excellence for our website so you 00:42:12.039 --> 00:42:15.989 all see that so it's so it's not just me that's always 00:42:15.989 --> 00:42:18.400 telling you that we have a good 00:42:18.400 --> 00:42:21.130 website we actually we actually gained some some pretty 00:42:21.130 --> 00:42:22.840 good national exposure from from 00:42:22.840 --> 00:42:27.909 launching that website. Investor relations you know as part 00:42:27.909 --> 00:42:28.880 of the as part of the contract 00:42:28.880 --> 00:42:33.460 for this year we had to we had to have I think it was 63 or 00:42:33.460 --> 00:42:36.320 64 private investors at about 00:42:36.320 --> 00:42:40.619 I think this year it was $64,000 was the rate that we had 00:42:40.619 --> 00:42:42.519 to had to keep tabs on for our 00:42:42.519 --> 00:42:45.400 marketing funds for private investment we're actually at $ 00:42:45.400 --> 00:42:47.519 77,350 to end the year so well 00:42:47.519 --> 00:42:51.320 above that area this next year it goes up to $75,000 which 00:42:51.320 --> 00:42:52.880 currently right now we're 00:42:52.880 --> 00:42:57.429 still above that mark as well at $77,350 and we are at 64 00:42:57.429 --> 00:42:59.440 current private investors no 00:42:59.440 --> 00:43:03.329 money left outstanding so we're we're good for the for the 00:43:03.329 --> 00:43:04.719 rest of the year. Upcoming 00:43:04.719 --> 00:43:08.429 marketing trips for the next month all we have in August is 00:43:08.429 --> 00:43:10.079 the net car or it's North 00:43:10.079 --> 00:43:13.050 the North Texas Commercial Association of Realtors 00:43:13.050 --> 00:43:15.480 Conference it is in downtown Dallas we do pay 00:43:15.480 --> 00:43:18.449 for a booth space to represent ourselves as Denton we have 00:43:18.449 --> 00:43:20.039 a big Denton booth that we'll 00:43:20.039 --> 00:43:23.429 market ourselves at and it's basically targeting all the 00:43:23.429 --> 00:43:26.199 Dallas Fort Worth site location consultants 00:43:26.199 --> 00:43:29.489 brokers realtors all those people so we we have our own 00:43:29.489 --> 00:43:31.360 booth you know they stop by we 00:43:31.360 --> 00:43:35.039 tell them about our sites and our great quality of life and 00:43:35.039 --> 00:43:36.960 all that good stuff and it's a 00:43:36.960 --> 00:43:39.179 great show that we've done every year for at least as long 00:43:39.179 --> 00:43:40.320 as I've been here for almost 00:43:40.320 --> 00:43:50.639 five years so that's all I have any questions? Awesome. Any 00:43:50.639 --> 00:43:57.039 questions or comments? Okay 00:43:57.039 --> 00:44:01.010 armchair quarterback let's see what you can do here. Let's 00:44:01.010 --> 00:44:04.400 see coming to the end of our 00:44:04.400 --> 00:44:15.590 report here let's see does anyone have any items concluding 00:44:15.590 --> 00:44:18.119 items that we need to address 00:44:18.119 --> 00:44:23.119 Councilwoman anyone else have concluding items? Yes ma'am. 00:44:23.119 --> 00:44:25.360 So I have a couple I have one 00:44:25.360 --> 00:44:32.150 request and then just one kind of information I took part 00:44:32.150 --> 00:44:35.559 in a focus group for a county 00:44:35.559 --> 00:44:40.650 hospital recently and in doing so I asked for some some 00:44:40.650 --> 00:44:43.360 data and received it and was 00:44:43.360 --> 00:44:48.710 a little bit shocked that well one our population is 00:44:48.710 --> 00:44:53.280 growing but we're growing older residents 00:44:53.280 --> 00:44:56.940 the college kids are kind of maintaining but our families 00:44:56.940 --> 00:44:58.840 and our senior community are 00:44:58.840 --> 00:45:04.369 growing and and with that we actually lack let's see health 00:45:04.369 --> 00:45:06.960 care is a growing industry 00:45:06.960 --> 00:45:12.269 and we actually lack the the specialty doctors in women's 00:45:12.269 --> 00:45:15.440 health pediatrics addiction and 00:45:15.440 --> 00:45:20.849 mental health so I'm just asking a chamber or you can our 00:45:20.849 --> 00:45:23.320 city if this needs to be a 00:45:23.320 --> 00:45:27.400 target industry what can we do to get these providers into 00:45:27.400 --> 00:45:29.360 our city we have community 00:45:29.360 --> 00:45:33.619 members that are leaving our city to go get the medical 00:45:33.619 --> 00:45:35.960 needs that they need and that 00:45:35.960 --> 00:45:42.710 is pretty concerning and so I'm not sure how how to fix it 00:45:42.710 --> 00:45:46.039 but we have on on the the specialty 00:45:46.039 --> 00:45:51.570 groups that I mentioned we are above national average for 00:45:51.570 --> 00:45:54.880 the visits in our city so it's 00:45:54.880 --> 00:45:58.630 pretty significant. You mean going elsewhere? Well yeah so 00:45:58.630 --> 00:46:00.360 the the providers here that we 00:46:00.360 --> 00:46:04.500 have are just bombarded with visits. The visits that are 00:46:04.500 --> 00:46:06.920 received in our city are above the 00:46:06.920 --> 00:46:12.329 national average because the the selection is is so small 00:46:12.329 --> 00:46:14.719 so I just wanted to kind of 00:46:14.719 --> 00:46:17.449 throw that out there with all of you in the room I'm sure 00:46:17.449 --> 00:46:19.039 you probably are aware of some 00:46:19.039 --> 00:46:22.670 of the issues here and I just kind of wanted to put that 00:46:22.670 --> 00:46:25.119 out in the public and also I wanted 00:46:25.119 --> 00:46:34.639 to ask okay Mr. Edgar. Where we do see an opportunity or we 00:46:34.639 --> 00:46:35.920 do have presence of some 00:46:35.920 --> 00:46:40.119 sub specialties we don't have a very deep bench and so it 00:46:40.119 --> 00:46:42.239 would be of interest on our 00:46:42.239 --> 00:46:47.019 part I'm sure from all healthcare's part and interest in 00:46:47.019 --> 00:46:49.400 working with the city in how we 00:46:49.400 --> 00:46:53.280 can develop depth in some of those areas as well because 00:46:53.280 --> 00:46:55.519 frequently they leave because 00:46:55.519 --> 00:46:58.780 the availability in town is there but you're going to be 00:46:58.780 --> 00:47:00.599 waiting for a prolonged period 00:47:00.599 --> 00:47:04.900 of time. The behavioral health mental health side is a big 00:47:04.900 --> 00:47:07.559 bucket in and of itself universally 00:47:07.559 --> 00:47:10.739 that we need to put significant thought around and I know 00:47:10.739 --> 00:47:12.480 the city has done a lot of work 00:47:12.480 --> 00:47:16.159 around that to to bring attention to it but in a number of 00:47:16.159 --> 00:47:18.159 those sub specialties and we 00:47:18.159 --> 00:47:22.440 can go through half dozen of them probably off the top of 00:47:22.440 --> 00:47:24.679 our head that each of us need 00:47:24.679 --> 00:47:28.639 the depth of it and the ability to have redundancy of 00:47:28.639 --> 00:47:31.679 providers is a real opportunity for us 00:47:31.679 --> 00:47:36.480 too. So thank you for waiting and if we can get some sort 00:47:36.480 --> 00:47:39.440 of partnership or a report on 00:47:39.440 --> 00:47:42.590 on what we can do we can work together on that. That would 00:47:42.590 --> 00:47:43.920 be great. That would be really 00:47:43.920 --> 00:47:47.210 good. So anyway I was just kind of shocked to see the gaps 00:47:47.210 --> 00:47:48.679 in our health care and to 00:47:48.679 --> 00:47:53.639 see all the people leaving our community for for health 00:47:53.639 --> 00:47:55.599 care. And so the request that I 00:47:55.599 --> 00:48:01.789 have is not is that the city in the chamber if you guys can 00:48:01.789 --> 00:48:03.360 work together and compile 00:48:03.360 --> 00:48:08.670 a list of businesses within our community that will hire 00:48:08.670 --> 00:48:11.719 someone with a previous record 00:48:11.719 --> 00:48:16.460 because I on the homeless leadership team part of the thing 00:48:16.460 --> 00:48:18.280 that we see once we get 00:48:18.280 --> 00:48:22.360 someone housed is they cannot get a job to sustain the 00:48:22.360 --> 00:48:24.639 house that they're in and not 00:48:24.639 --> 00:48:29.420 for not wanting to work but a lot of people have you know 00:48:29.420 --> 00:48:32.119 backgrounds in in a record for 00:48:32.119 --> 00:48:34.849 different things even you know trespassing and getting 00:48:34.849 --> 00:48:36.320 tickets for being in the park 00:48:36.320 --> 00:48:40.250 or you know wherever. So I would just like to have and I 00:48:40.250 --> 00:48:42.440 think the city and there were 00:48:42.440 --> 00:48:48.300 several non-profit groups would benefit from having a list 00:48:48.300 --> 00:48:51.320 of those businesses that that 00:48:51.320 --> 00:48:56.280 would give them a second chance or an opportunity to work. 00:48:56.280 --> 00:48:58.920 And that may take some time together. 00:48:58.920 --> 00:49:04.039 Yes. Oh yeah. No I'm yes. No I'm just it's something that's 00:49:04.039 --> 00:49:05.440 needed you know because it's 00:49:05.440 --> 00:49:08.469 hard to call individual people and I've done that and it's 00:49:08.469 --> 00:49:10.119 just not it's not sustainable 00:49:10.119 --> 00:49:14.650 and it's not working you know like so. Thank you Council 00:49:14.650 --> 00:49:19.519 woman. Any other questions or comments? 00:49:19.519 --> 00:49:28.989 Okay let's see. Today we do have two individuals on our 00:49:28.989 --> 00:49:34.599 committee who will this will be their 00:49:34.599 --> 00:49:47.690 last meeting day. Carol Ann Simmons and Jim Fikes. No. And 00:49:47.690 --> 00:49:50.599 we do have a card of appreciation 00:49:50.599 --> 00:49:55.309 that we'd like to give to each of you and personally I'd 00:49:55.309 --> 00:49:57.400 like to say I've known both 00:49:57.400 --> 00:50:02.010 of you for many years and I am tremendously impressed by 00:50:02.010 --> 00:50:04.280 both of you and have had the 00:50:04.280 --> 00:50:07.579 great pleasure of working with each of you in a number of 00:50:07.579 --> 00:50:09.239 settings and you guys have 00:50:09.239 --> 00:50:13.219 been great role models and great assets for our community 00:50:13.219 --> 00:50:15.199 and so you'll be missed here 00:50:15.199 --> 00:50:19.389 but I hope and pray that you will stay active. Jim told me 00:50:19.389 --> 00:50:21.920 he's going to work with the rodeo 00:50:21.920 --> 00:50:24.980 with the fair and how about you Carol Ann what are you 00:50:24.980 --> 00:50:29.880 going to do? Everything else. 00:50:29.880 --> 00:50:36.199 No pressure no pressure. I mean you know. Okay well good. 00:50:36.199 --> 00:50:38.039 And I plan to continue that 00:50:38.039 --> 00:50:43.130 because I enjoyed that. I've enjoyed this board. I've 00:50:43.130 --> 00:50:46.360 learned a lot. I told Jill she'd learn 00:50:46.360 --> 00:50:51.989 more on this board. The first year you drink it from a fire 00:50:51.989 --> 00:50:54.199 hose. It smooths out after 00:50:54.199 --> 00:51:04.599 that. Well good. Well let's see. John I would like to make 00:51:04.599 --> 00:51:06.840 a comment too. Please. I've enjoyed 00:51:06.840 --> 00:51:12.570 my time here. I hope that I've made a contribution. The 00:51:12.570 --> 00:51:16.360 growth of this city and the way we grow 00:51:16.360 --> 00:51:21.320 this city is terribly important and it's critical to all of 00:51:21.320 --> 00:51:24.360 us. We're a huge educational hub 00:51:24.360 --> 00:51:28.420 and with the number of people that are moving into the into 00:51:28.420 --> 00:51:30.280 the city we need to be sure 00:51:30.280 --> 00:51:33.280 that we're continuing to promote our economic development 00:51:33.280 --> 00:51:35.000 and bring more businesses to this 00:51:35.000 --> 00:51:40.800 town. I know we get chat we get asked a lot how do you 00:51:40.800 --> 00:51:44.360 justify some of the incentives 00:51:44.360 --> 00:51:49.260 that we provide to some of the businesses. I think you got 00:51:49.260 --> 00:51:52.039 to look at what those businesses 00:51:52.039 --> 00:51:58.679 are. Razor Ranch was a cow pasture ten years ago and the 00:51:58.679 --> 00:52:02.760 number of jobs that it has created 00:52:02.760 --> 00:52:06.079 and the number of people I mean Torchies is a good example. 00:52:06.079 --> 00:52:07.559 I think there are a number 00:52:07.559 --> 00:52:09.670 of employees and a lot of them are part time employees 00:52:09.670 --> 00:52:11.159 because they're students but over 00:52:11.159 --> 00:52:15.139 a hundred employees and Torchies and if you start looking 00:52:15.139 --> 00:52:17.559 at the restaurants and the stores 00:52:17.559 --> 00:52:21.079 and the contribution that something like that makes to the 00:52:21.079 --> 00:52:23.079 community it's huge especially 00:52:23.079 --> 00:52:26.550 with the universe us being a huge university town. So we 00:52:26.550 --> 00:52:28.519 just need to continue to get the 00:52:28.519 --> 00:52:31.989 manufacturing jobs in here that that are high paid so we 00:52:31.989 --> 00:52:36.360 can raise that medium income. Thank 00:52:36.360 --> 00:52:45.480 you. Thank you. Carolyn. I will thank Pete Camp for asking 00:52:45.480 --> 00:52:46.519 me to serve on this board 00:52:46.519 --> 00:52:49.849 eight years ago. Finished out a term for someone and then I 00:52:49.849 --> 00:52:51.960 've served two consecutive terms 00:52:51.960 --> 00:52:56.460 and I hope as I said enjoyed that and I like to contribute 00:52:56.460 --> 00:53:00.519 to something. Smile. 00:53:05.960 --> 00:53:09.000 If there are no other concluding items we will 00:53:10.199 --> 00:53:22.920 adjourn the meeting at 1156.