WEBVTT

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 - Thank you for coming today, we are starting, the cameras actually are on all of the time,

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 so just to make you aware that you are being live streamed at all times to the entity that

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 handles all of the cameras and microphones. However, they did turn it on at 11, so just

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 to be aware that we are all, if you are seated at this table-ish, that you are being recorded.

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 So at this point we do have forum and I would like to begin the City of Sitton's Economic

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 Development Partnership Board meeting for Wednesday, February 9th, 2022. I want to thank everyone for

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 being here and I also especially want to thank Erica and the staff for the board orientation

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 that we had prior to this meeting beginning. It was very helpful. These slides have gone out

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 and there's also a handbook that she mentioned that the state puts out that I think we're all

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 going to get a link to and I encourage everyone to look at that. There are a lot of firms that we

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 end up tossing around and it's a really great reminder of what the different types of economic

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 incentives that we have available and what is available to our surrounding cities.

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 We will begin with our items for consideration starting with AEDP 22-006. Consider approval of

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 the minutes of November 10th, 2021. Of course, all of these were included in your packet that was

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 sent out prior to today's meeting. I hope everyone has had the opportunity to review those minutes

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 and at this time I will entertain a motion for approval in a second so we can get into discussion.

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 Second. All right it has been moved and seconded to approve the minutes of November 10th, 2021.

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 I'm sorry I do second at that please. Thank you. Are there any edits that are needed? Are there any

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 comments regarding the minutes as they were distributed? Hearing none all those in favor

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 of approval please signify by saying aye. All those opposed please signify by saying nay. And

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 the motion carries unanimously. We are on fire people let's keep going. Item B EDP 22-010. Receive

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 a report hold the discussion give staff direction and make a recommendation to city council regarding

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 the city of Denton's policies for tax abatement and incentives. No small task. Take us through it

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 Erica. Good morning my name is Erica Sullivan. I'm the economic development program administrator

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 and I'm going to be providing a presentation on incentive policy today. So our objective today is

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 to overview the recommended incentive policy changes that update and align with our new strategic

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 plan and council priorities and seek direction from this board regarding those changes and updates.

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 We're going to be talking about four areas today. We're going to be talking about the policy history,

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 the economic development tools that we use, the proposed changes and then the internal processes

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 and the next steps. We begin with the policy history. The city of Denton policy for tax abatement

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 and incentives. The first tax abatement policy was created in 1989. This was followed with updates

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 that included green incentives in 2010 and again refined in 2012. The policy also was broadened to

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 include chapter 380 at the local government code and address a wider range of programs in 2014.

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 Retail was addressed definitions were added these were sales tax definitions and then two of our

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 programs our investment fund and aircraft incentive were incorporated into the policy

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 with the 2018 update. 2020 was the most recent update there were very minor changes because we

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 knew we were going to incorporate our strategic plan. We'll go over some economic development

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 tools this will help frame it for those of you that were in the orientation. It's just another

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 refresher but it'll frame why we made some of the changes and what the policy details.

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 So the first is tax abatement. Tax abatements are regulated by chapter 312 of the Texas tax code.

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 They can offer a partial or full exemption in property taxes for a 10 year period.

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 How it works a property owner receives a statement from the appraisal district it's a reduction of

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 the percentage that they received in their abatement agreement and then they pay that net amount.

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 We have currently 11 tax abatements our most recent with tyson foods in 2019.

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 The next is our chapter 380 of the local government code chapter 380 is very broad

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 this is literally half a page of regulations for chapter 380 local government code and this gives

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 the city the ability to offer loans and grants cash grants for different services and to stimulate

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 economic activity. How it works they must be budgeted in fact we prepare a five-year forecast

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 the current budget and five years out to plan. After the grantees met their threshold

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 and they pay their property taxes is when we will rebate and actually pay a check for the

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 Here is a summary that kind of goes over the different type of things that we've discussed.

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 So the first is the tax grant type so you have tax abatement and this is property taxes that

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 it's dealing with then you have a rebate so we discussed a rebate that can be property sales hot

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 which is hotel occupancy tax it can also be mixed purge we have one case of that.

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 We have expansion grants these are cash grants and we have a job-based grant it's also cash

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 grant so then you have the agreement type so the first would be a tax abatement agreement

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 and that's under chapter 312 and then we have our chapter 380 for the next three. The third

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 column has our program it's our tax abatement program our rebate or chapter 380 program and

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 then we have our entrepreneur tech and business expansion grants and then we have our entrepreneur

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 tech and business knowledge and high wage jobs grants and then the fourth column has our source

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 of funds so again we talked about tax abatements it's a reduction in your bill and then we have a

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 cost share of property sales hot from these beverage taxes and then the source of funds for

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 our expansion our cash grants is our investment funds so our investment fund receives 150 000

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 every year and that comes from mixed beverage taxes. We try to keep that nexus kind of closed

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 and then we have the statutes that I mentioned these are the regular regulatory

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 the tax code chapter 312 for tax abatements and the local government code for chapter 380.

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 The proposed changes of the policy we're going to go by them step by step in each area before we

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 move on the most significant change to the policy and the reason we went over some of the economic

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 development tools is we've separated our tax abatement and incentive policy for a tax abatement

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 policy that just addresses tax abatements and our chapter 380 policy now this addresses three

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 things our rebates our cash grants and our job-based grants as well as incorporating all of

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 our programs under one single umbrella so we have our airport grant we have our investment fund

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 grant and our entrepreneurial grants under one umbrella and it also makes it easier if you have

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 one entity that only needs one type of policy they'll only receive one and they're written so

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 they can stand on their own. So some of the tax abatement considerations we talk about chapter

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 312 that regulates tax abatement it requires us to have policy criteria or guidelines every two years

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 that's why we keep seeing these in the history we have to remove renew them every two years and

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 we can't grant the tax abatement during that two-year period if we want to amend or repeal it we

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 need three-quarter we need a super majority vote in order to do that which makes it a little bit

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 more difficult not impossible but a little bit more challenging to amend during that two-year

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 period and then the government body must hold a public hearing these are new this particular

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 policy update and the last policy update in 2020 incorporated the new policy changes to 312 where

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 we have to hold a public hearing now and then I also want to highlight and note that Jett and

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 Canyon will participate in tax abatements but they will not participate in chapter 381 which is a

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 county equivalent of chapter 383 cities. So those are some considerations that led to some of the

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 changes that we proposed. Sure the public hearings is that something that is mandated by state law

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 or is that that's the Texas tax code chapter 312 great thank you. Erica on that is the governing

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 body or the government body is that city council then since the county is not participating that's

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 exclusively city council the city council is our governing body yes. So the proposed changes one of

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 the first changes that we made is incorporating the city values so these are integrity transparency

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 inclusion fiscal responsibility and outstanding customer service these are public resources we

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 want to make sure that we're including our city's core values. The proposed changes of policy dealing

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 with the strategic plan so if you were here for the orientation you know a little bit about these

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 so we've got our five guiding principles this is what establishes the framework and this is

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 our core resiliency we want to be future focused we want to be inclusive have inclusive growth in

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 the city entrepreneurial spirit and cultural vitality in addition to the five guiding principles

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 of the strategic plan we've also incorporated into both policies the three major goals so we

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 want to accelerate recovery we want to foster growth and we want to strengthen community inclusion.

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 Where did these come from is this direction from council to include in our economic development

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 policy or is this from staff's recommendation or a little bit of both Jessica did present to council

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 when we she presented our strategic plan that we will be aligning our policy we are now aligning

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 our policies it was approved last year this is the current time that we'd normally update our

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 policies it's actually set to expire at the end of march so these are the five guiding principles

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 from our strategic plan that we're incorporating into our policy and also the three main goals into

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 our policies. And so we are to incorporate these as we consider recommendations that we make to

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 council is that the intent yes just to be have this combined effort we've never included the

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 city goals as well we're trying to make it all inclusive. In order to implement it it's better

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 if we include it in all of our policies and people can see what our framework and direction it is.

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 So proposed changes also involve strategic growth areas we're used to targeted industry sectors in

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 our policy our strategic plan instead has strategic growth areas now they after council direction they

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 did create a document that combines the industry code and it makes with these strategic growth

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 areas and we're going to go over each one individually but they're connective creative

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 sustainable and competitive. You have this center table because it is a little bit hard to read you

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 will go over it in each section but you can see how you have the strategic growth area on the left

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 you've got your industry code your NAICS and then the description of what that would be and this is

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 at the three digits NAICS can go much much deeper but the list would have been way too long so there

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 may be some businesses that aren't don't appear here in the description that are in the same family

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 that we call. So our first one is our strategic growth area connective so this will be your

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 electrical this is your telecommunications it also has support service transportation as well

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 you'll see all the different NAICS codes I won't read all of them here but you can see these are

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 involved in cultivating connective. Our next strategic growth area is creative that's really

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 important for them so we have our printing services our publishers our engineering architectural

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 services the first one is our largest the next three will be a little bit smaller.

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 The third strategic growth area is sustainable we want to be great this ranges from utilities

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 like Denton Municipal Electric to solid waste processing as well as some things in between

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 construction and furniture manufacturing. Then we have our final strategic growth area competitive

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 so you have financing you have insurance you have educational services and you have your medical.

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 So we're incorporating the strategic plan there's certain things that need to be addressed in

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 understanding the strategic plan so of course we included some definitions so you have the ecosystem

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 that talks about the different elements anchor institutions for cultivating these strategic growth

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 areas. Then we have the North American industry classification system that defines that system

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 that we're using for our strategic growth areas. We have some proposed changes our job-based grant

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 this is our our entrepreneurial program and our job-based grants and they've been incorporated

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 into our chapter 380 policy. So we have an expansion a relocation grant this is a one-time

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 grant and this can be used for relocating reimbursement for furniture fixtures and equipment

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 permitting fees necessary site upgrades it could be infrastructure like fiber for example for

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 our entrepreneurial grants. Job-based grants this is a performance-based stratified job-based grant

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 based on the different wages that they have and this is provided once per year on each new eligible

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 job added and then in addition to that we've established a residency bonus grant we want the

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 people that we employ also to be residents of Denton we want to encourage that so that may be

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 granted for each eligible new job with a primary dwelling in the city limits of Denton during the

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 coverage period. Before we move on I've got a question so job-based grants is that just

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 I mean anyone that adds a position can apply to be to receive a grant for having a new hire?

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 No okay so in our investment fund there are three criteria currently you have to be a targeted

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 industry center now it's strategic growth areas you have to have a capital investment 15 million

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 and you have to have knowledge based or high-end jobs you're required to meet two of the three not

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 all three but two others the next slide will actually go over the wage thank you thank you

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 okay so the three criteria is a targeted industry sector which is now because we're updating that

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 policy is now strategic growth area to be in the line with that once this is approved with the

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 strategic plan we also have to approve that ordinance it goes along with that but we'll

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 discuss that later in the presentation so then we also need a capital investment of at least 15

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 million and then oh how many okay so oh high-wage jobs so what we're going to discuss right now

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 those are the three they have to be two of the three so at here we're talking about the high-wage

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 jobs you're used to seeing this in our policy means having an average annual wage of 65,000

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 or greater for all positions or at least 25 making 75 or greater there is one change to this we've

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 increased it so it used to be 55 for all positions and 65 for all 25 having that upgraded the only

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 incentives that we've awarded have been 65 or higher and we think that that makes more sense

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 when the investment policy was approved it was in 2016 so we've adjusted that and

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 we'll see how it works if we need to adjust it we can but so far it's worked well at 65 or higher

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 yes so i have a quick question have you worked with the with twc they have that website that

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 has helps you calculate uh child care cost etc etc you know because i think we sometimes get into

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 to a top line revenue number and then it you know you it subtracts out kind of some of those other

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 costs to give you a kind of feel for what hits the bottom line to if that incentivizes people

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 to come back to work or if it's cost prohibitive we haven't directly worked with that we have

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 addressed child care in the incentive which we will get to later we do look at living wage you

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 used to have city-wide goals that would go with hud living wage requirements we don't have those

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 city-wide plans that we're implementing now okay but we will go into child care and we'll get

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 great so we talked about the higher wage now we have two different things for uh we talked about

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 our bonus like a residency bonus council actually separated the idea of the residency bonus that

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 this board recommended so with safran they wanted to to establish a higher wage for those that were

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 established residents versus new residents so we we came up with these definitions for those particular

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 agreements so we have an established resident so this is eventual hired by grantee with a primary

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 residence in the city limits at the time of employment and then we have a new residence

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 that was hired with a primary dwelling outside the city limits at the time of employment and then they

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 moved here later and they received different levels 300 and 700 in case of saffron the staff

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 recommendation from this board was 500 and it's split to encourage more from local local hires

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 so we have a stratified job-based grant table that we've used where you've seen for the technology

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 grants that we've brought forth but we want to put it in the policy so that they it's clear to all

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 that want to apply for the program so we have a stratified job-based grant you see the different

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 cohorts and then as the weight is increased so does the eligible grant for new job

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 and then we have the proposed changes our factors in consideration to use to seeing these in the

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 policy they've been updated and more closely tied to the strategic plan and the council priorities

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 so you have an evaluation matrix at your table this is the first matrix that we've ever created

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 for scoring and it combines our strategic growth areas remember this replaced our targeted

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 industry sectors our public benefit factors and then our priority considerations we'll go over

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 each section one by one as well but i wanted you to see the document it's hard to read here

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 so you have a point structure assigned to each of these and the total points is 120 a lot of these

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 won't be met by every project and we'll see how this works and we might need to adjust it later

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 and is this for staff's use is this for our use in consideration or is this something that has to be

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 presented is this advisory or is this compulsive i guess is my question okay so if those of you

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 are familiar with the downtown reinvestment grant program they have a score sheet we're

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 proposing a score sheet for the first time ever for our incentive programs here it's a more

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 apples apples comparison if people have questions we have a document we can rely on and this is the

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 first document that we've created so i expect that we'll need to adjust it and if you have

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 recommendations for adjustment this is this is where we'll be doing that as well who fills us out

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 who makes the judgment on this staff will be doing part of it we'll use it internally

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 we normally do something like this internally anyway we have a component like with all of our

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 analysis we put on the bottom what because we have a section of our application that has what they

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 need as far as being priority considerations are they environmental are they using local

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 contractors that type of thing and so we already checked that and that usually gives them a higher

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 rate in our calculations and then we have a table policy that we look at per year so we do some of

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 this internally but now we want to make it to where everyone can use it the whole board can use it

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 and we're organizing synthesizing things and we want to make sure that you can be utilized by

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 everybody like i said it went from more apples to apples comparisons probably so with hypothetically

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 each of us on this board would fill this out for a potential incentive and then do these then get

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 put before council is this something that as chair i would collect and we can collect and we can

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 score and then the total score would be presented to council similar to what we do at the downtown

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 program and what i did in the past working for a council of government when we did school grads

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 but ultimately are you trying to look for some type of threshold to say invest minimally be

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 acceptable we do have thresholds the tax abatement policy has a valuation threshold we do have

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 threshold requirements in our investment fund staff is not going to make you have to make sure

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 it's complete before you receive it you won't receive something that doesn't meet the requirements

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 now it might not remove obvious that they're not going to meet every requirement

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 right it just seems to hamstring a bit our ability to give more weight to certain

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 areas is my only and we can do that right now we can do that if you think that uh

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 as opposed to like 10 10 10 well maybe this is a 50 you know on this and it might outweigh

00:22:09.840 --> 00:22:14.960
 you know that they're not maybe as balanced uh anyways but those are just my initial thoughts

00:22:14.960 --> 00:22:20.880
 were i initially put more weight to um i had 15 points on higher wage jobs but then revised it

00:22:20.880 --> 00:22:26.080
 since we had knowledge-based jobs as well so we played with it a little week i sent it out

00:22:26.080 --> 00:22:30.560
 internally as well you'll receive comments back on that and that's where i want your

00:22:30.560 --> 00:22:35.120
 your feedback and we'll go over it individually and it might be easier to get feedback on it then

00:22:36.640 --> 00:22:41.760
 but this is something place to start from i want to do most of the work for you before you receive

00:22:41.760 --> 00:22:46.960
 it and then we can adjust is work i would i would just add i think the benefit of having

00:22:46.960 --> 00:22:51.760
 you know we can have a policy conversation of what how we rank these and what weight you

00:22:51.760 --> 00:22:55.840
 want to put on it the benefit of having a policy and the scorecard is when we're having those

00:22:55.840 --> 00:23:00.400
 conversations with folks coming in and looking for these incentives we can say here's what we're

00:23:00.400 --> 00:23:06.160
 looking for and it's not a case-by-case situation it makes those conversations at the staff a lot

00:23:06.160 --> 00:23:10.960
 easier if we have it they're finding the policy here's the way we're going to put on each of the

00:23:10.960 --> 00:23:18.800
 attributes i definitely couldn't see the value of that my there's just um in real life it's a

00:23:18.800 --> 00:23:25.760
 little more fuzzy than max 10 max 5 that was my only concern but i i think there's of course

00:23:25.760 --> 00:23:30.160
 there's going to be a way that we can meet somewhere to make it work for the board and

00:23:30.160 --> 00:23:35.920
 if we just adopt it with the 380 policy we can adjust it within the two years relatively easily

00:23:37.120 --> 00:23:41.440
 so that's and is that something that we vote on or something that council then votes on to

00:23:41.440 --> 00:23:47.760
 impose on this board it depends how we want to structure it okay and i'll look to guidance here

00:23:47.760 --> 00:23:53.360
 we can have it as a formal attachment right now for example our application our incentive application

00:23:53.360 --> 00:23:59.360
 is included as an attachment but we can amend it not the policy in the interim you know if we have a

00:24:00.720 --> 00:24:06.320
 a new distribution a new sector to add in the past or do some minor things well one of the changes

00:24:06.320 --> 00:24:11.440
 most recent changes we made was we wanted to know that truck trip traffic how many truck trips

00:24:11.440 --> 00:24:16.000
 truck trips in and out particularly for jim crystal in our industrial area so that's one

00:24:16.000 --> 00:24:21.360
 question we added so we had the ability to do that but we couldn't change the policy in there

00:24:21.360 --> 00:24:26.000
 in the room i see this being more like that although i would like the half council adopted

00:24:26.000 --> 00:24:32.080
 at least with the chapter 380 adopt the idea and the point structure and they then you know we make

00:24:32.080 --> 00:24:37.600
 a recommendation to council council may revise that but at least we are the advisory body with

00:24:37.600 --> 00:24:44.240
 the background that we have already chosen for the economic development partnership i think the key

00:24:44.240 --> 00:24:48.720
 point that maybe just we're trying to make here is council is going to have a little discretion

00:24:48.720 --> 00:24:53.360
 in what they do and someone might score really high on this and council still turned it down

00:24:54.000 --> 00:24:58.320
 someone might score low on this and council still approves it for a higher amount so i think maybe

00:24:58.320 --> 00:25:03.120
 we need to build that flexibility in the policy to say this is a tool that helps guide it and make

00:25:03.120 --> 00:25:08.240
 it fair it gives us some basis to review these but it's not going to be something that is going to be

00:25:08.240 --> 00:25:13.200
 held against the applicant or against councils really and how they vote on any type of incentive

00:25:13.200 --> 00:25:17.120
 i can give you an idea so what peterville is going to expand the tax base they're going to

00:25:17.120 --> 00:25:23.680
 receive very high points in that particular area but an entrepreneurial grant team of defenders

00:25:23.680 --> 00:25:28.080
 is not but they are going to score really high in knowledge-based jobs so it's going to vary

00:25:28.080 --> 00:25:32.240
 depending on the project and like i said we may need to adjust it in the future we might need a

00:25:32.240 --> 00:25:37.840
 separate scorecard for small grant programs or entrepreneurial programs but at least we have one

00:25:37.840 --> 00:25:42.240
 that we're starting from being that we haven't had a scoring structure i guess i just want to

00:25:42.240 --> 00:25:46.000
 make sure we have some flexibility as well as council as far as saying hey it seemed to score

00:25:46.000 --> 00:25:51.920
 really low on a certain area however we get an a plus even though it didn't score numerically

00:25:52.800 --> 00:25:59.280
 the way that the matrix set forth i'm sorry that's a really good point um so when we're picking

00:25:59.280 --> 00:26:05.440
 movies to watch with the kids we use a website called common sense media and it reviews parents

00:26:05.440 --> 00:26:09.120
 get to review the movies and the kids get to review the movies i don't know who these kids

00:26:09.120 --> 00:26:14.720
 are who are reviewing movies but but they do and the kids say it's appropriate for these ages and

00:26:14.720 --> 00:26:17.920
 the parents say it's appropriate for these ages and sometimes the kids tell you yeah you shouldn't

00:26:17.920 --> 00:26:22.320
 let your kids watch this movie but my point is there are two different groups of people with two

00:26:22.320 --> 00:26:26.080
 different perspectives and they're both really important for the decision i'm wondering if it

00:26:26.080 --> 00:26:33.120
 wouldn't be useful for the council to get uh the staff score staff scored this this package at

00:26:33.120 --> 00:26:38.160
 this and if you want to see the sheets or you want to see the averages or whatever you can look at

00:26:38.160 --> 00:26:47.040
 that and see what staff thought about each of these areas the edp uh eppb excuse me scored it

00:26:47.040 --> 00:26:51.840
 here when they were reviewing the incentive and if you want to see their averages you can

00:26:52.320 --> 00:26:56.400
 then maybe council can get some additional information from that by seeing what two

00:26:56.400 --> 00:27:02.240
 different sets of eyes with different perspectives how they scored it and then ultimately like max

00:27:02.240 --> 00:27:08.320
 said or and uh jill kind of reiterated i mean council could say well yeah great you you scored

00:27:08.320 --> 00:27:14.560
 in this range but but really what we're looking for today on this council from this policy body is

00:27:14.560 --> 00:27:19.680
 this kind of this kind of business or something that just isn't measured here or whatever

00:27:20.640 --> 00:27:27.120
 but i feel like the more data council's provided from various perspectives it maybe helps them

00:27:27.120 --> 00:27:34.160
 better better hue to the strategic plan and the uh the reason why we have these these areas

00:27:34.160 --> 00:27:39.680
 defined in the first place and that's an excellent idea it could be as simple as having a comment

00:27:39.680 --> 00:27:45.120
 section so we can say although this isn't reflected we would like this considered i think we've got two

00:27:45.120 --> 00:27:51.440
 comments first with mr gains and then mr edgar go ahead sure i i think i in correct when you're

00:27:51.440 --> 00:27:56.400
 asking that threshold question you're kind of saying is there a number that it has to be over

00:27:56.400 --> 00:28:01.200
 i think a benefit of not having a threshold as we're talking about where to lay on the 120

00:28:01.200 --> 00:28:07.200
 is that it allows more flexibility where you can have okay hey this didn't hit whatever came over

00:28:07.200 --> 00:28:10.800
 the threshold there could be one that comes forward that doesn't hit the threshold based on

00:28:10.800 --> 00:28:15.200
 the numbers but you can have all the considerations so i think we just know the max is 120 here's how

00:28:15.200 --> 00:28:19.600
 it's scored but then you're you're taking everything in your account yeah i was trying to make sure we

00:28:19.600 --> 00:28:27.600
 stay away from a threshold right because you're i'm not a big fan of points system because it

00:28:27.600 --> 00:28:33.120
 really should all still lead you to the strategic plan and where we're trying to go rather than the

00:28:33.120 --> 00:28:40.080
 flat and then hopefully this is not decent enticing people to not go and get incentives or not come

00:28:40.080 --> 00:28:48.560
 here because of something because it might scare people away master edgar yeah that's actually

00:28:48.560 --> 00:28:56.960
 i agree and that's my concern is if you score low that company or that industry can say

00:28:56.960 --> 00:29:02.640
 no need to take it forward if this is your scoring mechanism and i scored this low

00:29:02.640 --> 00:29:09.120
 there are other cities for me to look at and and just pivot that would be my concern and

00:29:10.560 --> 00:29:17.440
 approaching it on purely a point basis as well and maybe somehow couching it as advisory other than

00:29:17.440 --> 00:29:23.760
 two plus two equals four or you know you're in or you're out right we do something similar when we

00:29:23.760 --> 00:29:28.400
 evaluate businesses that we select business awards we don't assign a point structure we could remove

00:29:28.400 --> 00:29:34.240
 the point structure and these are just the criteria that we look at historically with the incentive

00:29:34.240 --> 00:29:40.720
 policy at one point we had that you the base policy particularly of tax evasion was 25 and every one

00:29:40.720 --> 00:29:45.920
 of these considerations that you meet limit five previous limit policy prior to the 2020 i think

00:29:45.920 --> 00:29:52.240
 prior to 18 i've been here a long time but then you it would increase that percentage your abatement

00:29:52.240 --> 00:29:57.440
 percentage so it would take us a long time to get someone up just up to 50 to give you an idea so we

00:29:57.440 --> 00:30:01.680
 kind of got away from that and we've done some of the case by case but we still internally utilize

00:30:01.680 --> 00:30:07.360
 some of those programs so we could do it similar to the way that we do our awards and not assign

00:30:07.360 --> 00:30:11.520
 the point structure but let them know that these are the things that we look at we could simply

00:30:11.520 --> 00:30:19.040
 take off that column and the points listed there you know i i agree that a point structure can be

00:30:19.040 --> 00:30:25.040
 really limiting but i also feel like i don't think it should be at all dispositor i don't think you

00:30:25.040 --> 00:30:29.920
 should if you don't meet the threshold you're you're out and there's no there's no other policy

00:30:29.920 --> 00:30:35.440
 consideration to be taking into account but at the same time i worry about taking it out because

00:30:35.440 --> 00:30:39.280
 i think the benefit of the exercise we went through over the last couple of years getting

00:30:39.280 --> 00:30:45.680
 the strategic plan together is strategic long-term uh you know they may be adjusted but they're

00:30:45.680 --> 00:30:51.040
 generally going to be the same uh the same values the same criteria the same targets

00:30:51.040 --> 00:30:56.640
 over a long period of time i feel that there's not a point that there's not some kind of guideline

00:30:56.640 --> 00:31:00.640
 of here's how we here's how we rank these things or here's how we consider these things in the

00:31:00.640 --> 00:31:06.720
 process then it it turns into by the time it gets to council i like this one i don't like this one

00:31:06.720 --> 00:31:12.800
 i like it for some external reason that's specific to my particular policy interests or i like it

00:31:12.800 --> 00:31:18.400
 because it's a cool sector i think didn't not have more of that even though nobody else has thought

00:31:18.400 --> 00:31:25.200
 that for however long you know like the issue that i'm trying to be delicate with is when the

00:31:25.200 --> 00:31:30.000
 council is ultimately making the decision it's a body of laypeople different professions it

00:31:30.000 --> 00:31:35.840
 changes every every may you're going to get potential for a new council and if there's not

00:31:35.840 --> 00:31:41.120
 something that says here's here's the vision we all agreed upon at some point in some way to kind

00:31:41.120 --> 00:31:48.160
 of gently remind that we're following a path that we've decided already otherwise it's a little

00:31:48.160 --> 00:31:56.160
 unmoored in our direction so i like points as an advisory advisory thing i'll just say i think

00:31:56.160 --> 00:32:01.040
 that's a good point and maybe one thought would be to say as opposed to like pass or fail you've got

00:32:01.040 --> 00:32:08.320
 like you know from 80 to 100 very strong the next section strong neutral you know lacking in some

00:32:08.320 --> 00:32:12.320
 areas the way that it's couched i think we had a couple people comments we'll start with the

00:32:12.320 --> 00:32:18.160
 mayor hits us and then we'll go to mr yeah no i think that what i'm hearing and great points i think

00:32:18.160 --> 00:32:24.880
 maybe it's uh there's a bare minimum so you keep the points but it's like whatever 20 points goes

00:32:24.880 --> 00:32:29.680
 on to the next level so you know then that all the points are there but it doesn't disenfranchise

00:32:29.680 --> 00:32:34.960
 someone they're like oh i can i can meet the minimum threshold to go forward and i think we

00:32:34.960 --> 00:32:39.600
 have a great product we'll do well but it's not discouraging if someone says hey you know

00:32:40.240 --> 00:32:46.000
 it just kind of gives them a hey please apply the barrier is low to move forward in this process but

00:32:46.000 --> 00:32:52.480
 uh kind of you know maybe there's a way to just set the prompt the points very low to move forward

00:32:52.480 --> 00:32:57.840
 and and that then doesn't discourage anyone and and i if you don't like points i wish you

00:32:57.840 --> 00:33:07.760
 would have been my high school teacher you know i think i tend to agree with if i was i try to

00:33:07.760 --> 00:33:12.320
 put myself in your shoes sitting on council and looking if you're not intimately involved in these

00:33:12.320 --> 00:33:17.760
 meetings right so if i'm sitting on council like you're trying to make a decision it would give

00:33:17.760 --> 00:33:25.680
 me some guidance from what staff says and if if we as a board you know kind of agree on this you

00:33:25.680 --> 00:33:32.320
 know or fill this out individually or as a group make that decision so maybe one comes from the

00:33:32.320 --> 00:33:38.000
 group from us to say okay this is kind of the points that as a group we agree on for this incentive

00:33:38.000 --> 00:33:44.080
 so you guys get one from staff one from this board cohesively so you're not looking through

00:33:44.080 --> 00:33:48.720
 but i think it's important that we don't we make it advisory only we don't do anything that says

00:33:48.720 --> 00:33:53.760
 this is concrete because this can be interpreted in so many different ways and another thing i

00:33:53.760 --> 00:33:58.480
 think would be is a comment section you know i know there's lots of comments that come out of it

00:33:58.480 --> 00:34:04.240
 but if we're if if i'm sitting on council and somebody's handing me something and i as a board

00:34:04.240 --> 00:34:08.720
 we've said okay this is how we're rating this company there may be some objective things that

00:34:08.720 --> 00:34:13.360
 we have an opinion on that need to be put out there i don't know if that's head would be hopefully

00:34:13.360 --> 00:34:18.320
 you guys on council in making those ultimate decisions because we're advisory so i believe

00:34:18.320 --> 00:34:23.200
 this should be advisory also not something concrete or have a minimum i don't know y'all's

00:34:23.200 --> 00:34:28.720
 thoughts on that who you guys have said on council but i'd like to hear that all right we've got

00:34:28.720 --> 00:34:38.080
 just to add i think where you were going all of you is rather than a number of points it's at

00:34:38.080 --> 00:34:43.760
 that point hit if we say hey this is where the points are at it falls in a range so when it goes

00:34:43.760 --> 00:34:50.720
 to the city it's a range to say red yellow various right right very broad in general this is what it

00:34:50.720 --> 00:35:01.360
 needs for the strategic plan mr gore i like the uh the idea of the comment section but it would be

00:35:01.360 --> 00:35:08.000
 good to have comments under each of the different categories rather than one blanket comment so it

00:35:08.000 --> 00:35:14.720
 won't be so clustered i would like to see what your points are on the public benefit but the

00:35:14.720 --> 00:35:20.560
 comments why they are not higher or greater so three different comment sections uh i think could

00:35:20.560 --> 00:35:27.840
 be helpful as well and you know we might also reach out and see what other similar boards are

00:35:27.840 --> 00:35:34.480
 are doing and that's something that um chair uh i would like to do and i've not done just yet but

00:35:34.480 --> 00:35:39.440
 you know hope to it's great as this partner has pointed out in the past not to reinvent the wheel

00:35:39.440 --> 00:35:42.880
 if there's something else out there and i know that you're aware of other groups and what they

00:35:42.880 --> 00:35:48.480
 do so we will definitely include all that so i just want to say thank you for this really great

00:35:48.480 --> 00:35:53.360
 conversation i think this is exactly what this board is for to have those that are out in the

00:35:53.360 --> 00:36:00.240
 public and private sector that are not you know solely in economic development giving a different

00:36:00.240 --> 00:36:07.520
 point of view as to how this can be received by businesses coming and so obviously a lot of work

00:36:07.520 --> 00:36:12.960
 has gone into this and it's um incredibly i think useful for a lot of the different reasons that

00:36:12.960 --> 00:36:17.040
 we've heard and i just want to again say thank you to erica and your staff and

00:36:17.040 --> 00:36:24.080
 erica you have a comment or question yeah no just uh whenever whenever are you i'll allow it okay

00:36:24.080 --> 00:36:32.640
 i mean i think it'd be helpful uh to lee's question to speak to that and i don't know

00:36:32.640 --> 00:36:39.600
 where councilman davis falls but erica could you touch on um what was it freeland the meat the

00:36:39.600 --> 00:36:47.920
 butcher or meat place that we so it's approved right whatever it's free ranchland there you go

00:36:47.920 --> 00:36:55.760
 there you go yeah i want to go to but actually discuss that under due diligence yeah but no i

00:36:55.760 --> 00:37:01.520
 but i think it's a great example for for lee because it is absolutely a blind corner uh once

00:37:01.520 --> 00:37:09.360
 you go to 215 east mckinney because that's city hall so so i think it's a great example though

00:37:09.360 --> 00:37:15.120
 because it came through the process and scored well it went to council and was approved but then

00:37:15.120 --> 00:37:20.080
 when it hit the newspaper everyone turned on it right it's like ah you know so i think it just

00:37:20.080 --> 00:37:27.360
 one of those things where the the answer to the question is i think you can you can do the best

00:37:27.360 --> 00:37:32.800
 possible and it cost us no money right i mean it just didn't meet the thresholds didn't get

00:37:32.800 --> 00:37:38.240
 any money back but it's one of those things where the comments and after the fact you thought uh the

00:37:38.240 --> 00:37:44.480
 we didn't have a process in place at all and so that's the challenging part uh from my perspective

00:37:44.480 --> 00:37:54.560
 is just um even when all parties agree and sign on if it takes a left turn still you know it could

00:37:54.560 --> 00:37:59.040
 have repercussions or hey you want this or some other layer of security that's going to get

00:37:59.040 --> 00:38:05.760
 ignored so that's really the challenge i think is to try to how to how to balance that and at the

00:38:05.760 --> 00:38:12.720
 same time understand it's it's a living breathing thing that that has its own process i don't know

00:38:12.720 --> 00:38:17.440
 if you have anything different but that's that's my look at it i i agree with that observation of

00:38:17.440 --> 00:38:21.760
 course the county ran in the same thing with the salivary building and just sometimes that things

00:38:21.760 --> 00:38:27.040
 don't pan out the way it looked like through the process but um but i really like the comment

00:38:27.040 --> 00:38:30.960
 section because i'm thinking about to your point lead you know what's going to be helpful up there

00:38:30.960 --> 00:38:36.240
 on the dais reviewing an industry that i don't know a lot about or a process that i may or may

00:38:36.240 --> 00:38:41.600
 not know a lot about and and knowing here's kind of where staff put it and here's a staff comment

00:38:41.600 --> 00:38:46.640
 staff says you know we scored it low but here's here's how it really hits a lot of other boxes

00:38:46.640 --> 00:38:53.040
 that are on the sheet and then here's edpv's average score and here are all the comments

00:38:53.040 --> 00:38:57.760
 from the members who said gosh this would really open up a whole other set of opportunities and then

00:38:57.760 --> 00:39:02.240
 or you know from my perspective in my industry we've been looking for exactly this thing even

00:39:02.240 --> 00:39:07.840
 though it doesn't hit some uh even though it's scored low on the sheet uh whatever those comments

00:39:07.840 --> 00:39:14.800
 are and whatever the a plus on one area not so much on that area so that i think both the ranges

00:39:14.800 --> 00:39:20.720
 and the comment section could be really really really helpful just a little report on the thing

00:39:20.720 --> 00:39:28.480
 with everybody's perspectives i think that's an excellent idea um i originally had one um under

00:39:28.480 --> 00:39:35.520
 the public benefit that was for a board or council and other considerations we have it in the policy

00:39:35.520 --> 00:39:40.480
 itself but it wasn't on the score sheet we could definitely include it under each so like our

00:39:40.480 --> 00:39:45.520
 targeted sector i could think of okay so maybe it's not in these targeted sectors but we want

00:39:45.520 --> 00:39:51.760
 to diversify and it's something we don't have here maybe that's my comment from staff so yeah i

00:39:51.760 --> 00:39:55.680
 i definitely see some truth to that and then you were talking about different policies we look at

00:39:55.680 --> 00:40:01.840
 policies across the state and even in other cities uh we look outside the state boulder for example

00:40:01.840 --> 00:40:07.840
 we have green programs and boulder for their entrepreneurial programs so we've looked all over

00:40:07.840 --> 00:40:14.720
 we've done indc as far as a scoring matrix austin by far has the most detailed scoring matrix and

00:40:14.720 --> 00:40:20.960
 they shared it with us and we incorporated some things that were in that here so we've looked at

00:40:20.960 --> 00:40:29.040
 a number of things to come to to where we are right now thank you okay so the first one would

00:40:29.040 --> 00:40:33.200
 be strategic growth areas remember these are replaced our industry sectors for those of you

00:40:33.200 --> 00:40:37.920
 who've been on the board so we have our connected creative sustainable and competitive and that's

00:40:37.920 --> 00:40:42.400
 also at your table that shows the different nicks families if those fall under and then

00:40:42.400 --> 00:40:47.200
 we're proposing and it doesn't have to be scored but uh that they would receive 10 points if we

00:40:47.200 --> 00:40:53.200
 had another section like i mentioned you could discuss why you might think they might be there

00:40:53.200 --> 00:41:02.960
 like it diversifies our our tax base so then of the considerations this goes over the first four

00:41:02.960 --> 00:41:09.200
 considerations uh generates new utility customers with dme this is important this also goes along

00:41:09.200 --> 00:41:14.640
 with the growth writer goes along with our sustainability efforts encouraging new business

00:41:14.640 --> 00:41:16.400
 suppliers and entrepreneurship

00:41:16.400 --> 00:41:24.720
 engages in sustainable practices we already had these in there but again we want to continue that

00:41:24.720 --> 00:41:29.840
 and it also goes along with our strategic plan we want to increase high wage jobs again

00:41:30.800 --> 00:41:37.760
 we discussed that at length earlier the remaining considerations we want to encourage

00:41:37.760 --> 00:41:42.560
 knowledge-based jobs things that require certification college some level of training

00:41:42.560 --> 00:41:48.320
 moving forward we want to spur info development directly from the strategic plan we hadn't really

00:41:48.320 --> 00:41:53.200
 addressed this before redevelopment uh headquarters that's something that we've looked at before of

00:41:53.200 --> 00:41:57.120
 course you want to encourage that as well and that kind of goes along with the suppliers that they

00:41:57.120 --> 00:42:05.360
 bring uh with them and then um mayor hutchpitt the final item i added last week for your benefit is

00:42:05.360 --> 00:42:10.000
 the child care assistance so we did some research on that um so we're looking at possibly doing

00:42:10.000 --> 00:42:15.440
 vouchers for other finalists if a business does that um we want to encourage that financial

00:42:15.440 --> 00:42:20.720
 assistance backup services if all of a sudden something happens they have covid they have

00:42:20.720 --> 00:42:27.040
 whatever it is some emergency they have some type of backup flexible or remote uh work accommodations

00:42:27.120 --> 00:42:31.760
 you know we've learned how to adapt with covid and maybe we can encourage businesses

00:42:31.760 --> 00:42:36.560
 that promote that and then flexible spending accounts of course for paying for the expensive

00:42:36.560 --> 00:42:40.720
 child care and the other things that we looked at we want to encourage that do we know if we have

00:42:40.720 --> 00:42:50.080
 any current employers that have on-site childcare or do any i don't know one that has on-site here

00:42:50.080 --> 00:42:56.560
 but as far as flexible spending accounts i'm sure a bunch of them do flexible work accommodations i

00:42:56.560 --> 00:43:04.880
 think that would be probably pretty common now we actually have looked at child care for different

00:43:04.880 --> 00:43:08.960
 and the problem with providing that as a company is there's all kinds of insurances that come with

00:43:08.960 --> 00:43:16.000
 that and liabilities come with that um so it for us those are the reasons that like hey that adds

00:43:16.000 --> 00:43:22.560
 a whole other level of liability so that may be something to think about maybe um instead of on-site

00:43:22.560 --> 00:43:28.400
 child care maybe more payment assistance encouragement or those kind of things it just

00:43:28.400 --> 00:43:33.280
 the amount of real estate it takes and not knowing how many people are involved and

00:43:33.280 --> 00:43:39.440
 insurance and all those things it's really prohibitive but you know if there is some kind of

00:43:39.440 --> 00:43:47.200
 relationship with the child care facility that could be incentivized or you know whatever some

00:43:47.200 --> 00:43:52.160
 kind of part of their payroll or something like that i think that could be and i think that

00:43:52.160 --> 00:43:56.560
 addresses that in here anyway but i think that's kind of the boundary of entry that we've found

00:43:56.560 --> 00:44:02.320
 thank you i was just curious i just want to set reasonable expectations however i agree that

00:44:02.320 --> 00:44:09.840
 child care assistance is something that is very important to our economy to tackle so that we do

00:44:09.840 --> 00:44:14.400
 have everyone in the workforce that wants to be in the workforce so but i was just curious wanting

00:44:14.400 --> 00:44:18.720
 to make sure we were setting appropriate expectations for groups that might be coming in but i think

00:44:18.720 --> 00:44:21.840
 you've included the vouchers maybe we'll just switch that so they don't look at that and

00:44:21.840 --> 00:44:26.800
 think we don't have on care what do we uh one of the other things that we've done we work i've

00:44:26.800 --> 00:44:31.520
 mentioned with our workforce solutions partners and we we uh talk about the skills development

00:44:31.520 --> 00:44:36.240
 fund well now with business retention we're incorporating going to child care facilities

00:44:36.240 --> 00:44:41.200
 so that's a new thing that we didn't seek to do and we're going to actually be promoting through

00:44:41.200 --> 00:44:47.200
 our workforce partners eric that we invite with us um all their programs because they have child

00:44:47.200 --> 00:44:51.680
 care programs they have a recent one they just announced the deals with such it's specifically the

00:44:51.680 --> 00:44:56.640
 code so that's one thing we can do right now to help our our businesses out there so we're going

00:44:56.640 --> 00:45:02.480
 to go ahead and do that and then we've incorporated this to where if a business is doing this and most

00:45:02.480 --> 00:45:06.720
 of these would be large-scale businesses maybe not for the vouchers but for on-site child care

00:45:06.720 --> 00:45:12.880
 but yeah insurance is is a is something that you definitely need to look at but at least we

00:45:12.880 --> 00:45:18.000
 if they have it we would like to incentivize it absolutely thank you what if it is a child care

00:45:18.000 --> 00:45:25.520
 business you know that's a company can you know i mean there's a yes that would just be like our

00:45:25.520 --> 00:45:31.040
 environmental if they're generating if they're storing if they're manufacturing in 2010 we

00:45:31.040 --> 00:45:36.000
 we did include manufacturing we went back in 12 and changed it but yes we could definitely address

00:45:36.000 --> 00:45:40.480
 that and that they would score high based on this on this one i think the threshold will probably

00:45:40.480 --> 00:45:45.760
 keep them out of you know as far as individual have some kind of really huge headquarter for a

00:45:45.760 --> 00:45:50.160
 national yeah child care one of the things we did is we structured our tax evasion policy which we

00:45:50.160 --> 00:45:55.200
 have historically to be five million but we didn't with our chapter 380 there is a minimum threshold

00:45:55.200 --> 00:46:00.480
 safran wouldn't have met that minimum threshold that we just approved they met the jobs

00:46:00.480 --> 00:46:03.440
 but the expansion they wouldn't it was a two million dollar expansion

00:46:06.240 --> 00:46:10.560
 no to that end i think that's a that's a thought i had when i sat in on the texas workforce

00:46:10.560 --> 00:46:16.560
 commission presentation if somehow didn't could become a hub for entrepreneurs that want to work

00:46:16.560 --> 00:46:23.040
 in that child care space i think it then would bring uh companies as well so i think there's

00:46:23.040 --> 00:46:29.280
 something to be said around that around developing kind of a a foundation or didn't being out there

00:46:29.280 --> 00:46:35.600
 supporting that those type businesses and being intentional about it uh so we'll figure out i'll

00:46:35.600 --> 00:46:40.480
 burden david and parks department to look and maybe that's just an add-on right it's like rec

00:46:40.480 --> 00:46:48.160
 centers these other cities that that that support our community uh so i'm i'm i'm thinking that

00:46:48.160 --> 00:46:53.040
 you're onto something some of the research showed uh councils of governments partnering with texas

00:46:53.040 --> 00:46:58.160
 workforce solutions um hot cobb we're actually used to work i knew about that program brazos

00:46:58.160 --> 00:47:03.440
 valley golden crescent so i sit on the economic development district board and that's something

00:47:03.440 --> 00:47:07.360
 i'm going to bring up a founding community partner but we definitely want to make sure

00:47:07.360 --> 00:47:10.960
 that we're not duplicating services we want to encourage we don't want to recreate the

00:47:10.960 --> 00:47:15.280
 way with another program that might be i'm doing the same thing that other entities are so we

00:47:15.280 --> 00:47:25.040
 got to manage our resources carefully so yeah we were talking about these this is the second set

00:47:25.040 --> 00:47:32.000
 of the uh so this is a public benefit section okay so we went through both sets of the

00:47:32.000 --> 00:47:36.160
 considerations and now we're on to our public benefits so our public benefit is expanding the

00:47:36.160 --> 00:47:44.000
 tax base so we always want to expand the tax base diversify our tax base we for the first time

00:47:44.000 --> 00:47:48.720
 include the fiscal and economic impacts we provide that information to you but we hadn't scored it

00:47:48.720 --> 00:47:54.720
 we provide that information to council as well community investment that's something that we've

00:47:54.720 --> 00:47:59.520
 had and continue to do uh public private partnership this is from the strategic plan

00:47:59.520 --> 00:48:03.520
 if we can encourage other entities to participate it's going to make for a better project

00:48:03.520 --> 00:48:07.680
 and then the use of local contractors and construction members we want to support

00:48:07.680 --> 00:48:16.880
 our local businesses whenever possible this is the due diligence we touched on this a little bit

00:48:16.880 --> 00:48:22.480
 with branch line so we created a due diligence form to help us address these issues so this

00:48:22.480 --> 00:48:27.920
 enables the city to gain information they have to sign this form authorizing us to get financial

00:48:27.920 --> 00:48:32.560
 statements creation documents credit rating information one of the things we were already

00:48:32.560 --> 00:48:37.600
 doing is the secretary of state certification so before we get to the contract stage we have to know

00:48:37.600 --> 00:48:42.560
 what entity it is how they're structured those of you who've worked with us we'll ask you for

00:48:42.560 --> 00:48:46.160
 your creation documents so we understand particularly if you have multiple entities

00:48:46.160 --> 00:48:52.320
 so we'll continue to do that to make sure they can operate here tax record verification we have

00:48:52.320 --> 00:48:57.360
 an appraisal district we've often looked at their value in other in other areas if they're located

00:48:57.360 --> 00:49:01.600
 in other areas and we will continue to do that and now we're going to look at max make sure they

00:49:01.600 --> 00:49:06.960
 actually exist this is the ranch land but i don't know if that would have helped us with range line

00:49:06.960 --> 00:49:12.960
 because it is ad so i don't know that we've ever seen anything so that it's a unique thing but

00:49:12.960 --> 00:49:18.720
 i can say and mac may want to add more is that our agreements protected us from what happened

00:49:18.720 --> 00:49:23.120
 with ranch line that they wouldn't have been able to receive payment if obviously they didn't move

00:49:23.120 --> 00:49:29.920
 here and they didn't need the requirements yes i just have a question are these things that we

00:49:29.920 --> 00:49:37.680
 were not doing before is there all new the due diligence form is new we have asked for credit

00:49:37.680 --> 00:49:43.200
 information on a few occasions we did with the convention center for example that was kind of

00:49:43.200 --> 00:49:48.960
 a unique project and we've had very different we had many iterations of it but that was one of the

00:49:48.960 --> 00:49:54.640
 projects that we looked at credit rating we can get from reference usa which we rarely have access

00:49:54.640 --> 00:49:59.600
 to we when we create our business directories that we've distributed in the past we have our

00:49:59.600 --> 00:50:04.240
 own internal and that has the things that you you know credit rating would include when we distribute

00:50:04.240 --> 00:50:09.760
 it but we actually have that information so even before business retention visit we pull a reference

00:50:09.760 --> 00:50:14.560
 usa and we know who our competitors are we know their credit rating we have an idea before we

00:50:14.560 --> 00:50:20.720
 even set foot on the door and then tax worker verification we look at this a lot of times for

00:50:20.720 --> 00:50:25.920
 comps we want to know hey how much value are they really going to create this much value you know

00:50:25.920 --> 00:50:31.120
 never look i mean some of the different areas and see so we did the last two we didn't have a due

00:50:31.120 --> 00:50:36.960
 diligence form although we have looked at those particular projects so they actually have to sign

00:50:36.960 --> 00:50:46.960
 this with their application before e-sport question okay yes erica just so i'm clear on this

00:50:46.960 --> 00:50:54.560
 on the orientation side we were looking at the different opportunities to incentivize or reimburse

00:50:54.560 --> 00:51:01.040
 are these things that we're presenting and reviewing specific to those districts or is this

00:51:01.040 --> 00:51:10.240
 an opportunity throughout the city that if someone came in or wanted to be outside of those identified

00:51:10.240 --> 00:51:17.840
 tours or outside the airport that there would be an availability we do incentives both inside and

00:51:17.840 --> 00:51:21.200
 outside the terms it's a little bit different particularly with our worst part terms we'll use

00:51:21.200 --> 00:51:27.120
 tyson as example the council and believes that we're already giving them an incentive with the

00:51:27.120 --> 00:51:32.240
 turds we're spending you know 13 million in infrastructure improvements in the turds we've

00:51:32.240 --> 00:51:38.560
 actually had our engineers quantified it's about 700 per linear square foot so we would only

00:51:38.560 --> 00:51:42.800
 incentivize our business personal property in the turds whereas the same business was outside the

00:51:42.800 --> 00:51:48.160
 turds then we could look at the business personal property too it's a little bit different so we it's

00:51:48.160 --> 00:51:52.080
 a little bit complex in that particular area but this would be citywide whether you're in the turds

00:51:52.080 --> 00:51:56.720
 or in a public improvement district or not our downtown turds is structured a little differently

00:51:56.720 --> 00:52:00.800
 than our west park tours our west park tours is what one developed and they're supposed to do all

00:52:00.800 --> 00:52:08.320
 the developments our downtown tours was designed for transit oriented different development projects

00:52:08.320 --> 00:52:15.040
 or projects that enhance public safety so those are a little bit different structure okay great that helps

00:52:15.040 --> 00:52:25.120
 some minor changes and updates we have a census tract with the economic distress

00:52:25.120 --> 00:52:31.200
 and the qualified census tracts and there we updated that based aircraft incentive had that

00:52:31.200 --> 00:52:36.240
 the aircraft be based here for majority of the year which didn't make sense was not in the policy

00:52:36.240 --> 00:52:41.200
 itself because it has a separate resolution associated with it we have third-party verification

00:52:41.200 --> 00:52:45.920
 to the dense central appraisal district and they value it on January 1 so i want i propose to review

00:52:45.920 --> 00:52:53.440
 that so we are subject and now i have to go and check this for the majority of the year when that's

00:52:53.440 --> 00:52:59.200
 not actually how its value goes off and then we definitions pertaining to sales tax and use

00:52:59.200 --> 00:53:03.920
 tax is pretty complex especially with the texas direct pay permit i talked about for the orientation

00:53:03.920 --> 00:53:09.360
 so we removed those from the tax evasion they don't apply to that but we retain those in the

00:53:09.360 --> 00:53:14.400
 internal processes and next steps

00:53:14.400 --> 00:53:22.080
 we need to update some of our internal policies the investment fund had the three criteria i told

00:53:22.080 --> 00:53:27.360
 you about targeted industry sectors are now strategic growth areas once we adopt this if

00:53:27.360 --> 00:53:32.960
 this moves forward we would go back and change that and this is done by ordinance and then we

00:53:32.960 --> 00:53:39.040
 have our utility line fund this is a project that we've used only for one project wing co so we have

00:53:39.040 --> 00:53:44.640
 wastewater and water funds that are dedicated to support infrastructure projects this goes through

00:53:44.640 --> 00:53:50.720
 the pub we're proposing it will go through us as well when this policy was written we're updating

00:53:50.720 --> 00:53:56.720
 this uh pdp didn't exist so we're adding us in there and updating other entities but essentially

00:53:56.720 --> 00:54:01.600
 it will be a very similar policy and discord will see it moves it moves forward but again none of

00:54:01.600 --> 00:54:06.480
 these are going to move forward until we finalize uh the policies themselves but these are the next

00:54:06.480 --> 00:54:11.440
 steps that you need to do so then we're going to have to update our applications we're going to

00:54:11.440 --> 00:54:15.680
 need to update our regular incentive application this is done in excel format for those of you

00:54:15.680 --> 00:54:20.240
 haven't seen it makes it a lot easier to perform our analysis doing it in that format but we need

00:54:20.240 --> 00:54:24.960
 to update us again our it has industry sectors we're going to update it with our strategic

00:54:24.960 --> 00:54:29.120
 growth areas we're going to update our considerations they've changed same with

00:54:29.120 --> 00:54:33.200
 the entrepreneurial tech grant they need the new considerations to be updated

00:54:33.200 --> 00:54:41.280
 so we've covered a lot of grounds i wanted to summarize the changes again for you

00:54:41.280 --> 00:54:47.600
 so uh both policies is presented in this slide so we have both the tax payment and 380 we're

00:54:47.600 --> 00:54:52.080
 incorporating our city values we're providing the framework of the strategic plan our five

00:54:52.080 --> 00:54:57.760
 guiding principles as well as our three major goals we're replacing our industry sectors our

00:54:57.760 --> 00:55:03.680
 targeted industry sectors with strategic growth areas we're adding strategic plan definitions for

00:55:03.680 --> 00:55:09.600
 better clarity we're going to align public benefit and priority considerations to the strategic plan

00:55:09.600 --> 00:55:16.720
 and council priorities and we're going to provide an incentive evaluation matrix of some sort

00:55:18.560 --> 00:55:23.120
 and then address due diligence which we've discussed and then update census maps so these

00:55:23.120 --> 00:55:31.440
 are the same for both policies and specific to the chapter 380 policy we've now included our

00:55:31.440 --> 00:55:35.760
 orange critical program and job based grants they weren't in our policies correct they're

00:55:35.760 --> 00:55:39.520
 pretty new we were developing them at the same time the strategic plan we're working on that

00:55:39.520 --> 00:55:45.280
 provide job based grant definitions and stratify job based grant tables so people can know what to

00:55:45.280 --> 00:55:50.560
 expect when they apply we're going to make necessary third-party verification updates to the

00:55:50.560 --> 00:55:56.960
 aircraft policy you don't have to update the policy itself um and then retain definitions

00:55:56.960 --> 00:56:06.960
 pertaining to sales and use tax for better clarity these are options and recommendations

00:56:06.960 --> 00:56:13.040
 i'm hearing a lot of changes particularly to the score sheet so we're going to add considerations

00:56:14.240 --> 00:56:19.360
 for each of the three categories we're going to have staff if we present with

00:56:19.360 --> 00:56:27.360
 a numeric score we're going to have full staff and the board score and maybe even without the

00:56:27.360 --> 00:56:35.200
 numeric you have staff recommendation in addition um what other things would you all like to see

00:56:37.680 --> 00:56:47.200
 i have a comment and a with some of the things that meredith was missing i mean or mentioning

00:56:47.200 --> 00:56:52.640
 earlier as far as say um something that passes and gets approved from here and then goes to

00:56:52.640 --> 00:56:58.640
 council and is approved and then the public is not really accepting of the actions i'm wondering how

00:56:58.640 --> 00:57:08.480
 to best communicate this whole process and if there's some kind of way that we could assist

00:57:08.480 --> 00:57:13.760
 with that i guess one of my concerns is that in the matrix we give a max of 10 points to the fiscal

00:57:13.760 --> 00:57:18.640
 and economic impacts but when i talk to people outside of the economic development world

00:57:18.640 --> 00:57:23.360
 that's what they're looking at they're not looking at all of the public private partnerships they're

00:57:23.360 --> 00:57:30.160
 not looking at all of the other matrix items they're looking numbers right how much did the

00:57:30.160 --> 00:57:35.680
 city put in how much did the city get back and so i guess this i don't really have an answer to

00:57:35.680 --> 00:57:43.040
 my quandary but i just wanted to put in that two cents that somewhere i think communication to

00:57:43.040 --> 00:57:49.520
 our citizens needs to be somehow part of our policy or how best to because i think right now

00:57:49.520 --> 00:57:53.280
 the newspaper can say you know what i mean it's numbers to numbers it seems like the general

00:57:53.280 --> 00:57:57.840
 public when i speak to them it's numbers and numbers it's not any of these other things that

00:57:57.840 --> 00:58:02.800
 i know council is looking at and we are looking at so i'm just trying to in my mind try to make

00:58:02.800 --> 00:58:08.400
 sure that everyone is successful when we take something from the beginning to the end while

00:58:08.400 --> 00:58:13.040
 we're looking at this broad policy and some of the things that we've done so you know when we

00:58:13.040 --> 00:58:18.400
 present something to council the considerations that are met we place there if it's a targeted

00:58:18.400 --> 00:58:23.440
 industry sector we let them know that we've even instituted what almost looks like the scoring

00:58:23.440 --> 00:58:27.920
 criteria with saccharin if you go back and look at it we're trying we weren't we didn't finalize it

00:58:27.920 --> 00:58:33.520
 we were we were testing it out a little bit so they received that information one of the reasons

00:58:33.520 --> 00:58:39.520
 that the score sheet has over 100 points is so that it doesn't look like someone's failing

00:58:39.520 --> 00:58:44.240
 because we know no one's going to meet all of those that was my idea so that it wasn't failed

00:58:45.600 --> 00:58:49.840
 because and then maybe get away from it being like an a i've heard though great

00:58:49.840 --> 00:58:57.440
 most people may not even get to an 80 so i mean until we implement it it's it's going to be a

00:58:57.440 --> 00:59:01.600
 little bit hard to tell like i said we've tried to incorporate it with like our blast incentive

00:59:01.600 --> 00:59:07.120
 where we literally had those ideas and checked the boxes when we were back so we were kind of

00:59:07.120 --> 00:59:12.560
 getting used to it and testing it out but even with all of ours before if we were put in our action

00:59:13.360 --> 00:59:18.960
 statement our ais what we call that they met this you know they're a targeted industry sector they

00:59:18.960 --> 00:59:23.360
 met this certain criteria these priority considerations and this is why we're we're

00:59:23.360 --> 00:59:28.080
 recommending them from funding eric if i could just have it real quick i think i think that

00:59:28.080 --> 00:59:33.520
 changing the amount that we put to fiscal impact is a i think a worthwhile consideration for the

00:59:33.520 --> 00:59:37.920
 board i want to increase that as we look at the scorecard that could be one that is really worth

00:59:37.920 --> 00:59:42.240
 more than 10 points i think it probably gets more weak than that is it's considered i think to your

00:59:42.240 --> 00:59:48.160
 other point and as far as kind of showing the benefit and put some of that is that net revenue

00:59:48.160 --> 00:59:54.000
 report that erica does every year where we show what the net worth of revenue and what the return

00:59:54.000 --> 00:59:58.800
 investment is essentially i think thinking about how we can promote that more and maybe even show

00:59:58.800 --> 01:00:03.280
 it more on an individual basis is a worthwhile thing as well so something we can consider it's

01:00:03.280 --> 01:00:07.280
 we're already doing it it's making sure it gets out there we're promoting that because

01:00:07.280 --> 01:00:12.560
 that's the net result of all the conversations we have whenever i give a presentation i usually

01:00:12.560 --> 01:00:18.560
 include that in there but yes and you received it as an informal staff report and i think council

01:00:18.560 --> 01:00:25.040
 gets that i just i'm talking about the unofficial communication that is out in the community and

01:00:25.040 --> 01:00:30.560
 their opinion of economic development and some of the things that we talked about earlier in the 1996

01:00:30.560 --> 01:00:36.960
 vote so that that is kind of more of my concern is getting citizens to understand all of these

01:00:36.960 --> 01:00:42.560
 benefits they're not going to read this matrix city council will and consider it but how do we

01:00:42.560 --> 01:00:48.080
 get um whether it be the dead record chronicle or facebook you know when when people are having these

01:00:48.080 --> 01:00:55.200
 uh conversations how do we communicate all of the things that went into these decisions

01:00:55.200 --> 01:01:03.520
 um is just my kind of sidebar so yes i was just going to say you made a comment about not really

01:01:03.520 --> 01:01:08.320
 going to know until you have people with the scorecard to kind of look like points why don't

01:01:08.320 --> 01:01:14.000
 you use past ones go through some exercises to give you some confidence that makes sense

01:01:14.000 --> 01:01:23.600
 i can do that i can bring it back i can bring it back this particular document back to you

01:01:23.600 --> 01:01:29.040
 incorporating some of the comments that i'm hearing and i can maybe have two or three examples of

01:01:29.040 --> 01:01:34.880
 projects we've awarded and how they would have scored and then you can kind of see engage better

01:01:34.880 --> 01:01:38.800
 gauge and i'll try to pick them from different areas one really high in tax base maybe one

01:01:38.800 --> 01:01:42.960
 entrepreneur maybe an expansion grant because expansion grants are unique and we found that

01:01:42.960 --> 01:01:48.640
 the valuation thresholds for those it they don't necessarily meet the investment because they may

01:01:48.640 --> 01:01:55.120
 not be classified by the cab as a new use in order to increase it for example so the intent of this

01:01:55.120 --> 01:02:00.640
 document to be internally i mean if you're talking about concerns of the media is there value for

01:02:00.640 --> 01:02:08.720
 this to be i mean is there a concern that someone may get scored 50 and then this the score gets you

01:02:08.720 --> 01:02:14.320
 know made public and there's no context around that i mean and then if you would have a failing

01:02:14.320 --> 01:02:18.000
 score yes if you did the feeling score it's going to benefit to saying that this is an internal

01:02:18.000 --> 01:02:24.800
 document like for internal city council staff and i think it is an internal document my my concern

01:02:24.800 --> 01:02:31.360
 was with the general citizen that gets bits and pieces of information that they are not

01:02:31.360 --> 01:02:40.240
 getting the information of all that goes into whether or not we would as this group recommend

01:02:40.240 --> 01:02:46.960
 an incentive and what all other than the apples to apples the physical impact is is my concern is

01:02:46.960 --> 01:02:53.280
 that that is what most of the conversations when i have with people outside of you know the interest

01:02:53.280 --> 01:03:00.640
 of economic development they're just looking at the numbers and so how how how can we express

01:03:00.640 --> 01:03:06.560
 what all goes into what kind of benefits we're looking for for our citizens other than

01:03:06.560 --> 01:03:14.160
 how much tax abatement did they get how much did they pay back we can focus more on those

01:03:15.360 --> 01:03:23.440
 multiplying effects direct and indirect like on jobs we provide in the backup to council and

01:03:23.440 --> 01:03:28.480
 to this board we provide the the net benefits and the rate of return how many years is it going to

01:03:28.480 --> 01:03:38.320
 take to pay itself back we can try to highlight a rule i think it's maybe thinking on what your

01:03:38.320 --> 01:03:44.080
 ask is i think it's and and david's going to stop because he hears us all the time maybe a graphic

01:03:44.080 --> 01:03:49.600
 right and i think i like the graphic on your training right component but then also where

01:03:49.600 --> 01:03:54.960
 it's going and then utilizing the discover dentin feature of the comment section so what it to me

01:03:54.960 --> 01:04:00.320
 what it would look like is this graphic a specific deal and then the image of where it's going right

01:04:00.320 --> 01:04:08.640
 so it's like uh um peter bill here's where it's located here's how much there's a you know piggy

01:04:08.640 --> 01:04:15.040
 bank that says this much money in how much out you know that's uh jesse running down the street with

01:04:15.040 --> 01:04:23.680
 bags of money and then something like that so just a one page graphic that then goes up on one of our

01:04:23.680 --> 01:04:28.720
 discuss dentin or something or link to social medias it says hey this is pending and that's

01:04:28.720 --> 01:04:35.520
 in the by document it's documented hey we'll post this and give it two weeks to kind of let people

01:04:36.880 --> 01:04:42.400
 know it's coming or you know i think that's a because that's really what people are going to

01:04:42.400 --> 01:04:47.280
 go through all of this but they might see a graph and go okay that makes sense okay we've got mr

01:04:47.280 --> 01:04:52.960
 ramseith and councilmember davis i think this i think this should be an agenda of a topic item

01:04:52.960 --> 01:04:59.360
 on how we present tax incentives to the public because i've been involved in a lot of these

01:04:59.360 --> 01:05:05.040
 through you know different barriers in different cities over the years when and i don't want to

01:05:05.040 --> 01:05:09.360
 get off this tangent right now but just a couple highlights is a lot of times i said the city is

01:05:09.360 --> 01:05:15.280
 giving this and this is what the developer is getting well really that's that's what's happening

01:05:15.280 --> 01:05:21.920
 overall but the city doesn't give this until the developer does this and meets these requirements

01:05:21.920 --> 01:05:27.040
 and i think to to sit in your field's chair and get the phone calls oh my gosh well the city

01:05:27.040 --> 01:05:32.160
 didn't actually write a check you know and say for the most part in a lot of these incentives

01:05:32.160 --> 01:05:37.680
 it's over time the there has to be this amount of taxes paid and then it's reimbursement i would

01:05:37.680 --> 01:05:43.280
 like to recommend we have an agenda item on how we present that to the public and have some

01:05:43.280 --> 01:05:48.640
 discussion around that because right now how it's presented it basically says the city's given this

01:05:48.640 --> 01:05:53.120
 this is the roi or what they're giving they're going to have long term if you understand the

01:05:53.120 --> 01:05:57.040
 tax incentives that's the best way to present it because now you're looking at the return on

01:05:57.040 --> 01:06:04.160
 investment but most people don't fully understand what how they work and because they're complicated

01:06:04.160 --> 01:06:08.320
 right and be like me walking in a hospital trying to understand how a hospital works i would have a

01:06:08.320 --> 01:06:14.560
 clue and so it's not a negative just most citizens don't understand that so maybe if we standardize

01:06:14.560 --> 01:06:20.000
 our presentation in that and look at it through eyes of people who aren't in this every day and

01:06:20.000 --> 01:06:24.640
 understand how complicated these are our presentation of that i think that could

01:06:25.440 --> 01:06:29.680
 filter a lot of the problems say oh the city gave this to this company so i would recommend we put

01:06:29.680 --> 01:06:34.800
 that as a future agenda item to look at that presentation to try to help how that's presented

01:06:34.800 --> 01:06:40.400
 to the city because sitting on council or even on this board people calling you up going what are

01:06:40.400 --> 01:06:46.720
 you guys doing well you got to understand the whole deal so that would be i think that would be very

01:06:46.720 --> 01:06:52.400
 helpful sorry we could certainly do that a great example i i think that's received a lot of negative

01:06:52.400 --> 01:06:58.000
 detentions buckies buckies is a caution buckies is a partnership project of about six different

01:06:58.000 --> 01:07:04.240
 entities for a total of 28 million dollars but we didn't sell it correctly so that would be a good

01:07:04.240 --> 01:07:08.720
 example i mean you have the city you have the county you have text on you have cog uh regional

01:07:08.720 --> 01:07:14.000
 transportation funds you have all that and the public uh private entity you know buckies all that

01:07:14.000 --> 01:07:18.320
 coming together and that's probably the one i think of the one receiving the most negative and then

01:07:18.320 --> 01:07:22.560
 even if once we had that together we presented it to some people who know that would be reading the

01:07:22.560 --> 01:07:27.440
 dent rec chronicles brought some people in that have never heard heard of that and we present it

01:07:27.440 --> 01:07:31.920
 to them and say what tell me what you heard from that you know i think that could with some of the

01:07:31.920 --> 01:07:37.280
 grading we're doing back to the due diligence we're doing i think we can say as a team like hey we're

01:07:37.280 --> 01:07:42.480
 really looking at steps forward to one make sure that those of us that know what's going on we're

01:07:42.480 --> 01:07:48.160
 doing the best due diligence we can do and then two we're putting in a format like the mayor said

01:07:48.160 --> 01:07:54.000
 to present it in a way that is a real understanding of what's going on rather than the city just wrote

01:07:54.000 --> 01:07:59.680
 a check for 20 million dollars you know i think i think there's some better presentation

01:07:59.680 --> 01:08:05.120
 not better that's the wrong words if you understand our presentation is really good but if you're not

01:08:05.120 --> 01:08:09.360
 familiar with the industry we could probably present it a little differently i think that's

01:08:09.360 --> 01:08:16.160
 a great idea i mean the city is us the city is all of the residents and citizens here and so i do

01:08:16.160 --> 01:08:26.160
 think it's important with discussions that we make it easy for people to understand what we do

01:08:26.160 --> 01:08:32.720
 and what the city's trying to do so i think that's a great idea council member david yeah i i can't

01:08:32.720 --> 01:08:38.320
 second that more heartily i think i'd like to really know what we're doing now kind of what the

01:08:38.320 --> 01:08:44.720
 what the current kind of pr strategy is and i'd also like to know when we come back to that agenda

01:08:44.720 --> 01:08:50.320
 item my future agenda item i'd like to know kind of what the lead time we build in is because i

01:08:50.320 --> 01:08:55.360
 think to the mayor's point prior to consideration because the way that it often just happens by

01:08:55.360 --> 01:09:01.680
 default now is there is one person who as part of their job not their whole beat but one person in

01:09:01.680 --> 01:09:07.360
 the drc covers the city and they do that in addition to other things they have to cover

01:09:07.360 --> 01:09:12.880
 and so they watch the meeting and they write up their uh their piece about how the city had

01:09:12.880 --> 01:09:16.160
 three different things they had to consider they're all really big they were all really

01:09:16.160 --> 01:09:20.560
 controversial and everybody was at each other's throats about it and then next thing you know

01:09:20.560 --> 01:09:25.840
 this economic incentive is this big controversial thing when actually it's got a whole process

01:09:25.840 --> 01:09:31.840
 behind it like the mayor was talking about so having people know ahead of time and in ways that

01:09:31.840 --> 01:09:36.000
 no no offense to drc they just don't have the staff in the column inches to properly cover

01:09:36.000 --> 01:09:41.680
 these issues um having it in a format that can be shared on social media that people who are

01:09:41.680 --> 01:09:47.680
 acting on social media can push around instead of the the day after the fact article that doesn't

01:09:47.680 --> 01:09:54.960
 get all the nuance and everything so i think that'd be really really helpful i would agree and i

01:09:54.960 --> 01:10:02.560
 i very much appreciate how lee presented that that as i'm looking at this as we're discussing

01:10:02.560 --> 01:10:10.240
 tax incentives or relief or reimbursement and then i look at expand the tax base and what we

01:10:10.240 --> 01:10:17.520
 score did it's the lowest score but to me that would be the reason for tax abatement or

01:10:17.520 --> 01:10:21.920
 reimbursement would need to expand so if anything we're looking at that i don't know if i'm looking

01:10:21.920 --> 01:10:29.520
 at this correctly as an edp but that's how i look at edp is if we're going to do something

01:10:29.520 --> 01:10:33.760
 where we have habitat building houses and we're going to have to figure out infrastructure you're

01:10:33.760 --> 01:10:40.000
 gonna have to have more taxes to do it so i think that that part of it is we're looking at these

01:10:40.000 --> 01:10:46.480
 opportunities is what is the one year five year to 15 year down the road of what this really means

01:10:46.480 --> 01:10:53.440
 from a tax base expansion what we're able to draw economic right right economic that's appropriate

01:10:53.440 --> 01:10:59.200
 for almost all of our incentives except for the entrepreneurial tech that's human capital yes

01:11:00.880 --> 01:11:06.080
 but i'm hearing that i'm going to bring back the um score sheet so we're going to talk about that

01:11:06.080 --> 01:11:10.000
 at length we're going to bring back an item and how we present our incentive items i'm going to

01:11:10.000 --> 01:11:17.760
 bring back some comp some comps to show you how they score um i wanted to address the policies

01:11:17.760 --> 01:11:25.680
 these are the major changes to the policies do we have any recommendations there are there any

01:11:25.680 --> 01:11:30.560
 changes there do we need to bring them back so i guess one of my questions would be so if we

01:11:30.560 --> 01:11:37.040
 incorporate these things into your policy i mean how do we i mean how is transparency something

01:11:37.040 --> 01:11:44.320
 that we can look at when a group is asking for a reinvestment or a chapter you know i mean i'm just

01:11:44.320 --> 01:11:51.120
 trying some of these didn't kind of correlate equally to me to make sense in the implementation

01:11:51.120 --> 01:11:58.720
 so is it when we adopt transparencies with the city staff and this board or is it transparency in

01:11:59.680 --> 01:12:04.480
 any entity that comes in and how do we judge that i guess there are certainly more requirements

01:12:04.480 --> 01:12:09.680
 that mac can speak to uh sales tax for example that you can't disclose that type of information

01:12:09.680 --> 01:12:15.600
 in single entity tail sales tax no but you can be transparent on other areas and i think the

01:12:15.600 --> 01:12:22.320
 way that we present it will help that transparency transparency of the entity that is asking for

01:12:22.320 --> 01:12:26.720
 things that are transparency and if we're moving in and send it forward right now

01:12:27.600 --> 01:12:32.880
 when we bring it forward they have the application that was submitted to us they have the ais backup

01:12:32.880 --> 01:12:38.640
 they have the presentation backup that goes with what how they met that criteria what we think are

01:12:38.640 --> 01:12:43.200
 the benefits to the community as well as the net benefits we give them economic impacts we tell

01:12:43.200 --> 01:12:47.440
 them about jobs and tell them about those type things we talk about the tax base we include tables

01:12:47.440 --> 01:12:52.400
 within that so we are doing what we do that is what i would consider transparency now we can't

01:12:52.400 --> 01:13:00.080
 divulge certain information even in in in the net revenue report we can't diverge individual sales

01:13:00.080 --> 01:13:06.960
 tax so i can't do it i can't present a table that has buckies or riley on it i could do an aggregate

01:13:06.960 --> 01:13:12.000
 of all the sales tax intended same with our developments raise a ranch i can't do one tenant

01:13:12.000 --> 01:13:16.480
 sales tax but i could do aggregate that's how we receive the sales tax is an aggregate from the

01:13:16.480 --> 01:13:20.240
 control if you have to have a minimum four you know or for the controller to send to you unless

01:13:20.240 --> 01:13:26.480
 you're financing you have access to them i was just looking what the subject was of the implementation

01:13:26.480 --> 01:13:33.680
 of what i yeah i think i think an important context on the transparency as it is a city

01:13:33.680 --> 01:13:41.600
 um and that's just an example of the in one of our core values we take for a number of years or at

01:13:41.600 --> 01:13:46.400
 least the past four or five years we take we are more public with all of our economic development

01:13:46.400 --> 01:13:51.520
 incentives than we have to be than other cities are and that can elaborate on that to the specifics

01:13:51.520 --> 01:13:56.960
 but we make everything public to the point of when we talk to developers we're clear that this is all

01:13:56.960 --> 01:14:01.440
 going to be public whereas they may be used to other cities where they do things in closed sessions

01:14:01.440 --> 01:14:06.720
 that we have out in front in the public so that's a benefit of having the policy is we're making it

01:14:06.720 --> 01:14:12.000
 clear to them up front that this is all going to be out in the public and i would make i'll use that

01:14:12.000 --> 01:14:17.840
 as one opportunity when we talked about the score card earlier you know it's really there's really

01:14:17.840 --> 01:14:22.720
 no way for it to be an internal document it's going to be public it's going to be as we make

01:14:22.720 --> 01:14:27.520
 up the image it's just going to be out there i just want to make sure yeah it's built in the policy

01:14:27.520 --> 01:14:34.560
 right now we just i'm sorry i said the score card is built in the policy it's an attachment

01:14:34.560 --> 01:14:39.200
 too we should be able to amend it internally that we do with our application but i still would like

01:14:39.200 --> 01:14:43.760
 council to see it and approve of it and adopt it one of the things i was going to mention is our

01:14:43.760 --> 01:14:47.920
 transparency stars we just completed an application with the comptroller public counts

01:14:47.920 --> 01:14:53.680
 for transparency stars so you have to meet certain criteria and of our incentives so now we can make

01:14:53.680 --> 01:14:58.000
 that public in a way that the state would like us to do that it's currently under review but we're

01:14:58.000 --> 01:15:02.320
 really excited about doing that and i can send you a link to it because we've temporarily put it up

01:15:02.320 --> 01:15:07.600
 on our website but it's still under review by the comptroller and at first you have to have your

01:15:07.600 --> 01:15:12.240
 finance department that does that and then other departments can apply and so we're excited to have

01:15:12.240 --> 01:15:19.200
 completed that and that would be an excellent example of transparency

01:15:19.200 --> 01:15:27.200
 it's a little off topic but is this is it the great application the same for

01:15:27.200 --> 01:15:35.200
 taxes that is it as it would be for like land or we don't incentivize land okay that's one thing

01:15:35.200 --> 01:15:40.720
 that we haven't done the application is the same for every applicant except for our entrepreneurial

01:15:40.720 --> 01:15:44.400
 tech they have a separate application but they still have to fill out components

01:15:44.400 --> 01:15:49.120
 so they still fill out the wage worksheet okay but they have a separate application

01:15:49.120 --> 01:16:00.000
 i want to be in that meeting i mean i love this meeting

01:16:04.080 --> 01:16:07.680
 go ahead it has to be recognized so we can strike that

01:16:07.680 --> 01:16:14.080
 i just want to make sure that we're moving forward and i wanted to know do you want me to bring back

01:16:14.080 --> 01:16:20.000
 the policies or do you just want me to bring back the two policies the tax bitumen and the 380

01:16:20.000 --> 01:16:26.080
 or do you just want me to bring back the score sheet it seems that's where the majority of the

01:16:26.080 --> 01:16:32.240
 items that we're considering today are if we think that the considerations are going to change other

01:16:32.240 --> 01:16:36.080
 than the other priorities maybe but right now it just seems like we're going to prioritize and

01:16:36.080 --> 01:16:42.720
 look at the those considerations differently i just want to keep us moving forward i think what i've

01:16:42.720 --> 01:16:47.520
 heard and please speak up everyone um but what i've heard is i think it's just the score sheet we

01:16:47.520 --> 01:16:54.480
 would like to have some additional comments on i believe the the rest we are on board with unless

01:16:54.480 --> 01:17:02.720
 someone wants to speak up now i want to add some to the score sheet use of local contractors

01:17:02.720 --> 01:17:11.840
 i'm not seeing any incentive to help grow small businesses we want to use local contractors but

01:17:11.840 --> 01:17:20.640
 every business uh uh most of their products is is uh coming from outside of their business

01:17:20.640 --> 01:17:25.360
 they're coming from outside of the city it comes from outside the state i like to see something

01:17:25.360 --> 01:17:32.480
 where we're encouraging the big businesses just for example Peterbilt built up 3,000 parts

01:17:32.480 --> 01:17:38.960
 and most of those parts are coming from a business on outside of the state of Texas maybe

01:17:38.960 --> 01:17:44.400
 or some of them may be inside what are we doing to encourage the businesses to help develop those

01:17:44.400 --> 01:17:52.880
 small service businesses that could help grow small businesses and didn't as far as even the big

01:17:52.880 --> 01:17:59.840
 companies giving those small business grants and contract to develop within grow within so to speak

01:17:59.840 --> 01:18:08.240
 there's nothing to say come come to didn't as a small business uh incentives for that your your

01:18:08.240 --> 01:18:15.440
 your uh tax base is too small your income base is too small so we don't want to incentivize you to

01:18:15.440 --> 01:18:22.720
 come to get as a small business and grow uh and when we only want to use local businesses we're

01:18:22.720 --> 01:18:28.480
 making we're limited to those local businesses growing bigger and bigger but not having smaller

01:18:28.480 --> 01:18:33.760
 business to come and develop within the city Peterbilt's an excellent example of a business

01:18:33.760 --> 01:18:39.200
 that has attracted a number of other businesses that support Peterbilt and their peer locally

01:18:39.200 --> 01:18:45.920
 the second item here encourage new business markets suppliers for our big business and

01:18:45.920 --> 01:18:51.360
 entrepreneurship we also had grant programs that gave additional incentive additional percentage

01:18:51.360 --> 01:18:57.760
 amount to entities that recruited suppliers for our major employers all of our major employers so

01:18:57.760 --> 01:19:03.120
 that's something we look at doing and we try to do and sometimes they are large enough where they

01:19:03.120 --> 01:19:10.320
 can get uh garner and incentives themselves mr kane's did you also have that on the scorecard

01:19:10.320 --> 01:19:16.960
 the use of local contractors yeah that's what he started discussing under public benefit but i think

01:19:16.960 --> 01:19:25.680
 to your point i think that that is an area as far as um what the city is tackling at each at a time

01:19:25.680 --> 01:19:32.880
 so there's the business retention aspect there is the marketing to other uh businesses whether

01:19:32.880 --> 01:19:39.040
 they're smaller big coming and and where those advertisements go to try to collect people where

01:19:39.040 --> 01:19:44.800
 the communications the different kinds of not conferences what i can't think of the word i'm

01:19:44.800 --> 01:19:49.920
 looking for but uh where there is outreach trying to get all size businesses to come so

01:19:49.920 --> 01:19:56.640
 i think that's something that we should continue to talk about where that fits into the plan but i

01:19:56.640 --> 01:20:03.680
 think that it it's one of many items that i believe that the city is concerned about and wants uh

01:20:03.680 --> 01:20:10.720
 tackle sometimes they're something i think if you made early then it's not a business

01:20:10.720 --> 01:20:15.920
 friendly title and i think it's coming from the small business sector than the large business sector

01:20:15.920 --> 01:20:22.000
 we're doing some different programs not with always with incentives so business retention

01:20:22.000 --> 01:20:27.120
 so business retention on our rewards we've just now we've added new programs right so we have small

01:20:27.120 --> 01:20:32.960
 business awards that wasn't always there we had different categories we have minority now we also

01:20:32.960 --> 01:20:37.440
 on our business retention visits will encourage them to register as a hub a historically under

01:20:37.440 --> 01:20:41.200
 utilized business so that more entities will know about them and will use them more readily

01:20:41.200 --> 01:20:45.840
 so register for the state so a lot of this is behind the scenes it's more of a business retention

01:20:45.840 --> 01:20:52.640
 so we do some of that internally

01:20:52.640 --> 01:21:04.480
 that's what i was just saying i agree that um i think most of the conversation is around the

01:21:04.480 --> 01:21:08.720
 the matrix and i don't i think we can move forward do you want to vote yes or what do you want to do

01:21:08.720 --> 01:21:13.840
 i don't know do we need a vote for that yes in order to bring it forward to council you need

01:21:13.840 --> 01:21:20.480
 a recognition i second that all right so it's been moved and seconded to recommend the policy

01:21:20.480 --> 01:21:27.760
 changes that have been presented today holding back yes we couldn't quite hear it there's a lot

01:21:27.760 --> 01:21:40.640
 and the second was mr riker thank you all right so holding back to make available other comments to

01:21:40.640 --> 01:21:49.520
 include on the matrix uh but other than that approving uh the policy changes to council does

01:21:49.520 --> 01:21:55.360
 that correctly state the motion all right it's been moved and seconded uh is there any discussion

01:21:55.360 --> 01:22:01.280
 before we take a vote it's a quick question yes counseling so the matrix your your intentions of

01:22:01.280 --> 01:22:06.720
 the matrix would be an attachment to the policy so it doesn't it could be changed internally it

01:22:06.720 --> 01:22:13.680
 could come come back to us it could be changed by staff over time um are we going to see the matrix

01:22:13.680 --> 01:22:20.640
 again before council sees it or would the policy go forward and evpb is looking at the matrix too

01:22:20.640 --> 01:22:24.960
 because council is going to have input on the matrix well we are going to have a work session

01:22:24.960 --> 01:22:29.440
 with council first so they won't be approving it we don't want to introduce it get feedback

01:22:29.440 --> 01:22:33.600
 and we can get feedback from both entities before we bring it forward because this process is going

01:22:33.600 --> 01:22:40.000
 to take a little while so at the work session if we if we approve this motion today would council

01:22:40.000 --> 01:22:48.720
 get um this matrix and and the kind of caveat that we've gotten good input from evpb go watch

01:22:48.720 --> 01:22:54.240
 that if you want to council what's your input or is council going to get an updated draft that

01:22:54.240 --> 01:22:59.360
 incorporates our comments uh they can take their time and then we'll see what comes back from them

01:22:59.360 --> 01:23:04.640
 like just what's the workflow i'm going to update the draft that's going to go towards council based

01:23:04.640 --> 01:23:12.240
 on the comments received today you will receive this again along with some example scoring from

01:23:12.240 --> 01:23:17.360
 two or three different probably three different entities um so you can see how they score and we

01:23:17.360 --> 01:23:21.840
 and we can tell them that we're going to do that we plan this is a comments received this is what

01:23:21.840 --> 01:23:26.240
 we're going to do this is our plan and then we're going to bring it back but concurrently so we can

01:23:26.240 --> 01:23:30.560
 incorporate bulls moving forward i think we'll have the best policy documents if we do it that

01:23:30.560 --> 01:23:34.880
 way thank you yes i would like to structure it with y'all's comments first thank you

01:23:34.880 --> 01:23:41.120
 any other questions or comments before we take it to a vote all right all those in favor please

01:23:41.120 --> 01:23:47.360
 signify by saying aye aye all those opposed please signify by saying nay and the motion carries

01:23:50.160 --> 01:23:58.880
 we will move on to item c edp 22-009 receive a report hold a discussion and give staff

01:23:58.880 --> 01:24:05.840
 direction regarding board meeting dates and times for calendar year 2022 let's see if we can find

01:24:05.840 --> 01:24:23.360
 that page all right so i believe it's page 76 of your packet if you are looking at your packet

01:24:23.360 --> 01:24:32.960
 either online or um i mean digitally or hard copy and meetings are held on the second wednesday of

01:24:32.960 --> 01:24:44.320
 each month all meetings are scheduled to begin at 11 a.m second all right it's been moved for

01:24:44.320 --> 01:24:49.120
 approval and seconded are there any red flags so that anyone is seen with these dates that we need

01:24:49.120 --> 01:24:57.440
 to consider at this time okay with that we will call a vote all those in favor of adopting these

01:24:57.440 --> 01:25:03.200
 dates as our meeting dates for this next year please signify by saying aye aye all opposed same

01:25:03.200 --> 01:25:12.720
 sign and the motion carries moving on to item d edp 22-017 staff reports beginning with the

01:25:12.720 --> 01:25:21.280
 2021 business retention and expansion program report and is that you again yes just briefly

01:25:21.280 --> 01:25:29.360
 you'll see the 2021 business expansion program report it highlights the different visits that

01:25:29.360 --> 01:25:36.640
 she's had some of the different issues that have happened as well and you see that and then we also

01:25:36.640 --> 01:25:41.920
 have the 2021 first quarter report some of the activities you saw in the orientation that we've

01:25:41.920 --> 01:25:47.360
 been undergoing you'll also see in that report including updates to the strategic planning

01:25:48.800 --> 01:25:53.840
 and then we also have fiscal year 2021 through 2022 first quarter edp report

01:25:53.840 --> 01:26:02.000
 and i covered goals i'm sorry oh i'm so sorry yeah that's also in here and yes everyone is busy

01:26:02.000 --> 01:26:10.640
 it does look like that okay so concluding items uh anything else that you have for us today

01:26:10.640 --> 01:26:18.080
 okay i would like to mention it does oh okay i just to give a couple of gaffing updates to everyone i

01:26:18.080 --> 01:26:23.200
 don't know um everyone here is aware but well we've had some changes in our in our economic

01:26:23.200 --> 01:26:29.680
 development department five we have three agencies right now or soon to have three agencies uh dan

01:26:29.680 --> 01:26:35.360
 who is our economic development analyst is going to work with the chamber so um if he'll still be

01:26:35.360 --> 01:26:39.920
 involved and still be involved in the process kate patrick who we just mentioned on business

01:26:39.920 --> 01:26:45.040
 retention our business development administrator uh took a very position with the city of graham

01:26:45.040 --> 01:26:48.960
 prairie it makes a lot of sense for her so happy for her in that and then we're still going through

01:26:48.960 --> 01:26:54.640
 the process on our economic development director uh we went through went through our first round of

01:26:54.640 --> 01:26:59.600
 uh of interviews and um thought we had one good candidate didn't work out and didn't find the

01:26:59.600 --> 01:27:04.560
 right person in that in that go around so we're back out we have the that closes again at the end

01:27:04.560 --> 01:27:08.480
 of the month but i'm encouraged we're going to find somebody good um but certainly not going to

01:27:08.480 --> 01:27:14.240
 settle for anything other than the best so have some vacancies we're working through it and um

01:27:14.240 --> 01:27:19.360
 certainly glad to have erica and christina here to help get us through along with erin in the chamber

01:27:19.360 --> 01:27:25.520
 yes ma'am can we work on a non-compete with the chamber i'll be with you

01:27:25.520 --> 01:27:30.880
 matt is chair of this board uh please don't pick it up

01:27:30.880 --> 01:27:39.840
 and then there has to be on the playground i actually want to give a compliment to

01:27:40.640 --> 01:27:47.040
 erica and david we had a meeting that mayor has helped us set up the other day with a small business

01:27:47.040 --> 01:27:54.880
 in deadon and to to carry give you some insider baseball i guess erica put together a wonderful

01:27:54.880 --> 01:28:00.880
 portfolio for them of all of the small business local state and national grants that they would

01:28:00.880 --> 01:28:05.840
 be available that they would qualify for so obviously it was just a small group meeting that

01:28:05.840 --> 01:28:13.760
 took place and that's really the behind the scenes stuff that's not super glorified or anything that

01:28:13.760 --> 01:28:18.000
 we're looking for credit for but it's absolutely what we are doing in the partnership every day

01:28:18.000 --> 01:28:25.680
 that helps advance small businesses and that's what absolutely erica christina david the chamber

01:28:25.680 --> 01:28:30.800
 side on the marketing team are here for that was a wonderful meeting and mayor thank you for

01:28:30.800 --> 01:28:35.360
 the recommendation but any city council member or any business that sends us that recommendation

01:28:35.360 --> 01:28:40.160
 we're happy to put together or any type of information so that businesses no larger small

01:28:40.160 --> 01:28:45.040
 we're here to serve them so erica that was fantastic and david and i were really just there

01:28:45.040 --> 01:28:50.160
 to cheer her on um but carrie please know that if small businesses are here locally that need

01:28:50.160 --> 01:28:54.400
 assistance we're going to put together anything that we can do to support them so that's definitely

01:28:54.400 --> 01:29:01.760
 happening i have another comment too i want to brag on christina a little bit so christina davis

01:29:01.760 --> 01:29:07.760
 and k came up uh k brown patrick uh our business development officer came up with a small uh

01:29:07.760 --> 01:29:13.200
 business blog that they are launching as well so we're excited about that program and the person

01:29:13.200 --> 01:29:18.800
 that we were visiting with will be one of our first uh people to be in the top list to be in

01:29:18.800 --> 01:29:27.520
 interviews and be on that blog and is a miss patrick brown has she already um left or is

01:29:27.520 --> 01:29:35.760
 she still here this week her last day's friday last day's friday okay you're sorry uh to lose

01:29:35.760 --> 01:29:41.280
 her she's been a great asset more staffing announcements our office the city attorney's

01:29:41.280 --> 01:29:46.160
 office we fired scott gray he started with our office last week and is out of dallas he worked

01:29:46.160 --> 01:29:51.120
 in their economic development section so happy to have him here and to help out so uh look forward

01:29:51.120 --> 01:29:59.440
 to scott coming to a lot more of these meetings miss mac but we welcome scott i bet matt comes he

01:29:59.440 --> 01:30:14.080
 doesn't want to miss this fund we appreciate it and we appreciate you being our city attorney

01:30:14.080 --> 01:30:20.400
 back thank you um i did want to let you know that um the chamber of commerce does have a number of

01:30:20.400 --> 01:30:27.120
 small business awards and the application deadline to nominate anyone you can nominate yourself you

01:30:27.120 --> 01:30:33.920
 can nominate another business and i sure would want as many businesses and as many as many voices

01:30:33.920 --> 01:30:39.440
 um as possible um and just let you know we have a small business of the year for-profit business

01:30:39.440 --> 01:30:44.480
 we have a new business of the year small business community investment family-owned business of the

01:30:44.480 --> 01:30:49.680
 year minority-owned business of the year and a woman-owned business of the year uh most of

01:30:49.680 --> 01:30:56.160
 these i think are are generally 20 25 employees or under but this is a way that the chamber wants

01:30:56.160 --> 01:31:00.560
 to highlight those that have overcome adversity those that have made creative changes or those

01:31:00.560 --> 01:31:07.600
 that have invested heavily in our community um and it's not a popularity contest so you don't have to

01:31:07.600 --> 01:31:12.960
 ask people to nominate like 75 000 times one nomination is more than one nominated your

01:31:12.960 --> 01:31:19.600
 nominee yes yes you don't have to call every family member or friend or family just one it one solid

01:31:19.600 --> 01:31:24.560
 nomination is enough we want to make sure that we have a cross-wide section of all of the

01:31:24.560 --> 01:31:31.680
 so if anyone has questions see jill or myself or the lady who's on our board is fine that would be

01:31:31.680 --> 01:31:36.960
 great thank you jill for announcing that appreciate it and a big thank you to all of you for um your

01:31:36.960 --> 01:31:42.320
 participation today your background your intelligence your personalities all come into

01:31:42.320 --> 01:31:47.920
 making this board as effective as possible this is very important to our city and i very much

01:31:47.920 --> 01:31:53.920
 appreciate the seriousness and the dedication that you have to your city and a big thank you

01:31:53.920 --> 01:31:58.720
 and we are adjourned