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 Good morning. I'm Marty Rivers, the chair of the Denton Economic Development Partnership

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 Board. Welcome to our meeting. We were going to start the meeting at 11.03 a.m. Our first

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 item for consideration is item EDP 19-031, which is to consider our minutes from our

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 last meeting on May 8th. I'll second. We have a motion and a second. Any further discussion?

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 All those in favor say aye. Aye. Any opposed? Minutes are approved. And item B, EDP 19-027,

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 our staff report, so I'll let you guys go ahead and present. Well, we'll continue our

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 tradition of saving time if at all possible. We're happy to answer any questions about

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 the staff reports, but we don't have a formal presentation prepared. That's it from the

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 city. And I have some notes if you want me to go over mine. I'd love to hear some notes.

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 I know you've been on the road. Sure. So some highlights would be awesome. Yeah, no problem.

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 Right now we're at we've had two new projects for the month of May. We're totaling 40. We

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 have a total of 49 for this fiscal year. Keep in mind that as part of a city chamber contract,

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 we have to be at 42. We're at 49 right now with four months still left to go. So we're

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 already beating that target and we'll be way ahead. Additionally, we've had eight site

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 visits this year, which on the contract we have to have seven. Once again, four months

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 left to go. So we're beating that by one. We will certainly have two or three more,

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 I would expect. Most active projects that we're working right now, one of them is called

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 Project Global. It's a company out of New York, Amsterdam, New York, that is looking

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 to relocate their whole project to Denton, Texas in the Westgate Business Park building.

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 Right now they have about 65 current employees. They're looking to lease about 20,000 square

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 feet out there and relocate some of those employees but then hire new additional employees

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 here. A company called Project Element, which is a manufacturer of specialty ceramic coatings

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 for the aerospace and automotive industries. They're looking for 50,000 square feet and

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 will create 40 new jobs. Project Terrazzo is one that originally Christina and the city

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 started working with them. It's kind of a, it's a joint effort now. We're all working

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 on this project. The consultants came in town the week before last to kind of talk about

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 potential incentives. This is a manufacturing project. It's a great company. The average

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 salaries without benefits will be $51,222. With benefits will be roughly $58,000. And

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 we're looking at about 90 new people, capital investment of about $26.2 million. They've

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 already been to Denton. The company's been to Denton. The CEO's been here. The consultants

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 have been here. So they actually sent over the preliminary application this morning.

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 So the city will start working on that process and hopefully we'll get them to Denton. They

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 are looking at a few other locations in DFW. We're doing our best. We'll get them here.

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 Project Bell is another manufacturing operation. They have been in town. All the company executives

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 have been here, including the CEO and their attorneys out of California. This will be

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 a relocation out of California. I showed them five different sites over in the industrial

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 park. They've narrowed that down to two. As of three weeks ago, we've made it to the final

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 steps where they have now asked for some estimates on construction costs. We've put them in touch

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 with Lynx Construction here in Denton. They're working over those cost estimates and a timeline

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 which is going to be very important as well. Adam, I'm sorry to interrupt. Sure. Did you

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 say project name Bell? I called this one Project Bell. Okay. I just didn't see it on the sheet

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 so I wondered. Oh, okay. I didn't miss here. It was really the fairs or the blue edge.

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 The five that I'm bringing up there, I call them my most active projects, but they're

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 not necessarily the new products in the format that you have in your backup. These are the

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 more active that are really looking here and have already been here and we're working through

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 the process with. It's fantastic. Even more. Sure. Thank you. The last one I call this

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 Project Pickle. They make little Vienna sausages that you probably all ate in college and things

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 like that. They come in a little can. I met them on a marketing trip with Team Texas in

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 Chicago. Their headquarters is in Chicago. They're looking to do a small cold storage

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 plant here in Denton. It'll be more on the pickle side of things, which is why I call

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 it Project Pickles. They do Vienna beef and pickles. They're importing their pickles from

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 Mexico. Thank goodness the Trump tariff didn't take effect because that would have killed

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 their whole operation. We are working on that. It'd be about 30,000 square foot cold storage

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 plant and 50 new jobs. We all know what happens when cold storage plants look here. We don't

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 typically lose. If they get serious, we'll probably get it. New EDP investors. Once again,

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 it might not be in the backup, but we've had five total new investors for the year, increasing

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 our private revenues by $7,000. The newest ones, as of the last 45 days, are Pacific

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 Western Bank. They just have one guy here in DFW. The banks are all in California. They

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 just have a guy here on the ground doing business development. They wanted to join just to see

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 activity reports and things like that. The embassy suites by Health and Convention Center

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 came in at the $1,000 level, and then Surf Pro, which is a company that was already in

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 force. They opened up an expansion here in Denton, and they joined at our biggest level,

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 the chairman's level at $5,000. It's a great new company. They also joined the chamber.

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 They've been great at being a good citizen. Marketing activities. It attended the Industrial

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 Asset Management Council's spring professional forum. Once again, IAMC is the one where two

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 years ago we recruited Penske trucks from this one, so it's always a good one to go

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 to. Key contacts from this one were NFI, which they have a fourth location. We worked a project

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 with them a couple years ago that we ended up not getting here in Denton because we couldn't

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 have a 700,000-square-foot building built within six months, which they hadn't had that

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 time frame, so they expanded within Alliance. But I'm still keeping constant interaction

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 with them to hopefully work something in the future. Addison Young, Lennox International,

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 Prologis. Prologis builds a lot of big industrial buildings. Ben's Wanger, which the head site

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 selection consultant for Ben's Wanger is out of Dallas. Holmes Davis, who did bring us

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 the Tyson Foods project that we located two months ago. I've known him for seven years.

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 I just stay on his radar all the time, taking the lunch in Dallas every time I get a chance,

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 and constant interaction with him. And then McGowan Real Estate Advisors. They worked

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 with Winkle Foods of expansion operations from the past. They didn't do the one here

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 in Denton, but they've done others such as Idaho and Phoenix. So constant interaction

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 with all those site selection consultants. And recently attended the area development

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 consultants forum last week where there were 17 site selection consultants in attendance.

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 I met with about three-quarters of those personally on one-on-one interaction. We did get a new

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 project from one of them as well that we're working immediately. It's a standard DC operation

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 for Lowe's, about 125,000 square foot project. But we are helping him with the site selection

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 work right now here in Denton and have found two locations for him. So I'll keep you all

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 apprised of how that works out. The next upcoming marketing activities and opportunities, International

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 Economic Development Future Forum, International Economic Development Council. That was earlier

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 this week from June 9 through 12, a professional development forum. And I'm leaving tonight

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 for the Texas ED Council's media conference, which is our state, our state group. And I'm

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 on the board for the team Texas marketing group. So they asked that I attend all those

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 GDC events. That's any questions? That's all I had for that report. That's all going

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 on. Yes. For those of you who may not have seen the press release at the end of May,

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 our own Adam Gavrowski was named by his peers as one of the top 20 economic, top 50 economic

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 development professionals in North America. So I just wanted to honor you, Adam, and thank

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 you for that and recognize you. Thank you. I was excited to see my name on that list.

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 They just started doing that last year. And they put 50, you know, they recognize 50 people

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 across North America. And that's, you know, you can figure there's 6000 economic development

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 directors and VP. So to get recognized as one of the top 50 is great. And that's just

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 from the site selectors voted me in on that and then my peers as well. So it's best practices

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 and marketing activities and just how they view you out in the public and working projects

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 and things that you're doing for your community. So great job. That's also comes from ADP being

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 very helpful and responsive. And so it's a more of a group award, I should say. Thank

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 you. Thanks for bringing that up. All right. Our next item, you may have any questions.

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 Thank you. Just to hear what's going on ahead of time. Next item is ADP 19 dash 029. We're

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 going to receive a report, hold a discussion and give staff direction regarding our economic

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 development downtown didn't task force. And just we brought this up in the past just kind

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 of that's a subcommittee slash task force of this body. And I'm just going to give everybody

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 an update on where we're at with that and maybe send direction on how to move forward.

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 If anybody has any questions, Hank Dickinson with the University of North Texas athletics

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 is here to answer questions. He's on he's been on that task force for 15 years, probably

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 close to that. So he's here to answer some questions if anybody has any directly. Thank

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 you, Jessica Rogers, director of economic development. And there are lots of people

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 in the room who have more experience with the task force than myself. So if you see

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 me kind of point to someone or if I need to call on Julie, I certainly will. But I appreciate

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 all of the knowledge that everyone has. So I'm going to give just a very brief overview

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 over the roles of the ADP and the downtown task force. There's a little bit more of a

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 robust timeline in your backup. This is just going to be a super high level. So the ADP

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 was actually formed in 2003 under the direction to provide guidance to the city council and

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 the Denton Chamber of Commerce on matters related to economic development in the city

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 of Denton. The original duties were established in 2003. They've remained fairly constant.

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 There's been some minor changes. There's been about five or six ordinance changes over the

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 years. But the current duties and membership were set in 2017. Those included that you

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 have the ability to create task forces or subcommittees within your own membership to

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 assist with the implementation of projects or activities that you deem sort of related

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 to the economic development mission that you have. You're responsible for economic development

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 incentive policies and recommending those policies to the city council for final adoption.

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 You are the recommending body for city council for any incentives that are authorized under

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 the law and under the city's policies. And you can review, consider, and make recommendations

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 to the council relating to marketing and branding for the Denton Enterprise Airport, airport

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 incentives, airport incentive policies, and specific airport incentives. So this is much

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 bigger up here. So on the screen, it's very small. Your board is actually made up of a

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 really diverse array of representatives from the community, both Chamber of Commerce, the

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 Denton Black Chamber, the Denton Hispanic Chamber having representatives, the city council

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 having representatives, the Chamber of Commerce having representatives, aviation, of course,

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 being related as it ties back to your charges. And then there's a couple ex officio members.

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 Those are non-voting members of the board. That membership was established in that 2017

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 ordinance. And again, it's also been amended over time, but it's certainly a good mix of

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 economic development related stakeholders in the community. Switching gears a little

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 bit, the downtown task force was also formed in 2003 at the request of the initially formed

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 economic development partnership board. And the goal was to assist with downtown related

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 activities that were established in the 2002 strategic plan. At the time, it was very specific

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 to those identified responsibilities in that strategic plan. However, over time, its duties

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 changed. In 2007, the downtown grants, reinvestment grant was created and the task force was assigned

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 that responsibility. Over the years, task force became the recommending body to EDPB

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 on those downtown reinvestment grants with final consideration going to city council.

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 In 2008, that responsibility was changed a little bit and now task force makes recommendations

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 to the TURS board related to those grants. So what does the task force look at in terms

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 of their general responsibilities? They're a recommending body on really a number of

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 things. And I kind of listed off for your view sort of items that they've considered

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 in the past, but really the key is that bottom bullet point and that they serve as a general

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 advisory board for any issues concerning downtown. So if a city department is working on a project,

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 they generally will go to the task force and say, we might need your feedback on this and

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 they might consider how the task force would, representing downtown stakeholders, how they

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 would react or their opinions and get feedback so that it can be incorporated into a project.

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 So this is sort of a general list of items that have been brought forward to the task

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 force since its creation. So the task force members, this is a list of the current members.

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 Right now, the task force does not have a chair. That's because the chair is typically

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 a member of the EDP. And right now there are no EDP members that are currently serving

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 on the task force. EDP could certainly nominate someone and that person would more than likely

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 then be chosen as a chair. If more than one member of the EDP wished to serve on the task

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 force, then the task force would designate the chair among those members. We don't have

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 this posted as an appointment today. We wanted to get your feedback generally. Our plan would

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 be if there were any types of appointments or changes that you wanted to make, that we

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 would bring that back in July. One of the questions that came up was what's the difference

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 between the task force and Main Street? Certainly there are some overlapping duties related to

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 those boards and there even I think are some overlapping memberships, but it's not significant.

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 That's correct. But know that the task force is actually authorized under a city ordinance.

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 Main Street Association is a separate nonprofit. It's a 501(c)(6) organization. The task force

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 itself doesn't have any dedicated funding other than the grant administration portion,

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 but that's actually administered through the city itself. The task force is really focused

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 on economic development and management of the downtown core as it relates to any type

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 of business related activities and again serving as a sounding board to city departments. That's

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 really where there's overlap. Many times city departments will want specific merchant feedback

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 for a project and then they might take that to Main Street and have them provide feedback

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 to that type of stakeholder. Main Street has a much more robust membership that's more

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 merchant and business based and not just inclusive of all stakeholders. Main Street is also funded

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 through membership sponsorships and fundraising activities and they have a separate 501(c)(3)

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 foundation that they use to fund certain events, that they use to fund things like the Arts

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 Walk of Fame. And as noted in their bylaws, their focus is on historic preservation, reinvestment

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 in downtown and on heritage tourism or cultural tourism. And that's pretty much the broad

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 overview of those organizations but happy to entertain any questions or just turn the

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 floor over for discussion to the board. So I guess the reason I asked to have this on

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 the agenda is one of the, I guess two things. It's a task force, so the subcommittee of

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 this group, we can, if we had a project going on, we can set up a task force or anything,

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 you know, airport related or whatever we wanted to do. So this one just happens to have been

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 in existence for a long time. Over the years, we have always had somebody from this board

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 as chair or co-chair of the downtown task force so that when Adams came back up to discuss

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 to this board, we had somebody here that was involved in it. So not unlike any other organization

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 you might be involved in, if you had it set up beside a committee, you'd want somebody

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 involved in that, being on that committee. So currently we don't have a chair, so we

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 need to figure that out. Nothing is written in stone that says we have to have somebody

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 that's on this board as a chair of that task force either, which has always kind of been

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 a good idea. It started out with no funding mechanism. They weren't doing grants. It was

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 a feedback to this board. We recognize downtown as one of our biggest economic development

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 engines in the city. When the grant program came about, then we started making decisions

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 on those grants and forwarding those on to the city manager of this board or city council.

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 That has been taken away from us and the downtown task force. That mechanism is going to be,

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 I guess, approved through our TIF funds and TIF board, downtown TIF board. So many of

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 the reasons that those folks are getting together were to administer and make recommendations

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 for those grants. That's going away. So I wanted to bring this up for us to talk about

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 is downtown still important enough from an economic development viewpoint? We're not

201
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 talking historical or anything like that. Economic development, this is an economic

202
00:19:33,840 --> 00:19:41,840
 development board. Do we need to maintain a subcommittee or task force to hear, use

203
00:19:41,840 --> 00:19:47,760
 as a sounding board to help us stay in touch what's going on there, even though that funding

204
00:19:47,760 --> 00:19:52,960
 mechanism is not there, they could still do that through the TIF. Is there a better place

205
00:19:52,960 --> 00:19:58,680
 for these folks? In my personal opinion, we need to keep this board and this group of

206
00:19:58,680 --> 00:20:03,360
 people in place because there are a wide variety of folks that have some really good input

207
00:20:03,360 --> 00:20:11,240
 and opinions to help us shape what's going on in the downtown area. So do we need do

208
00:20:11,240 --> 00:20:21,680
 we want to keep this group involved as a task force? Do we want to recommend they go report

209
00:20:21,680 --> 00:20:31,000
 to the TIF as a task force? Keep them with us some other idea? Do we need to have a chair

210
00:20:31,000 --> 00:20:36,760
 from this board on there if we keep it here or not? Or how would you guys like to proceed?

211
00:20:36,760 --> 00:20:46,000
 Mr. Baines? John Baines, my question, Mr. Chairman, is this how what is the the boundaries

212
00:20:46,000 --> 00:20:52,200
 of the what we consider downtown? Is it is it the four streets or is it beyond that?

213
00:20:52,200 --> 00:20:59,960
 Now there's a downtown implement implementation plan that defines those boundaries. I couldn't

214
00:20:59,960 --> 00:21:05,360
 draw that line for you. For the common person, give me discount. It's more than a square.

215
00:21:05,360 --> 00:21:13,720
 So it goes over to Bell and maybe across to the train station, stops at Eagle, Carroll

216
00:21:13,720 --> 00:21:19,720
 and North. I can't remember how far it goes. It's actually right now when we amended the

217
00:21:19,720 --> 00:21:27,000
 grant it is now the TERS boundaries because only only TERS money can be spent within those

218
00:21:27,000 --> 00:21:31,600
 boundaries. So it is pretty much, you know, we don't include this property in the post

219
00:21:31,600 --> 00:21:38,120
 office because it's tax free, but it does go down to exposition on this end, to Carroll

220
00:21:38,120 --> 00:21:43,720
 on that end. I want to say Mulberry. It's kind of a long skinny thing. Mulberry and

221
00:21:43,720 --> 00:21:50,360
 then Parkway on this top. Also the way the ordinance is written right now, the latest

222
00:21:50,360 --> 00:21:57,720
 updates we did to it, the grants still start at the task force. So they are they are the

223
00:21:57,720 --> 00:22:02,880
 ones who review the grants first. So it goes task force. At this point, we still have some

224
00:22:02,880 --> 00:22:07,680
 money in the general fund, a little bit of money, like about $28,000. Once that general

225
00:22:07,680 --> 00:22:13,020
 fund money has been expended, then the task force money will take over at that point.

226
00:22:13,020 --> 00:22:22,440
 So right now we're doing first review by the task force, second review by you, third review

227
00:22:22,440 --> 00:22:28,640
 is by council that will change that middle part would change to the TIF board after the

228
00:22:28,640 --> 00:22:34,000
 general fund money is gone. So the boundaries are the same as the TIF boundaries with the

229
00:22:34,000 --> 00:22:39,000
 change there. I wasn't aware of that. It makes sense for a visual actually in the cultural

230
00:22:39,000 --> 00:22:44,360
 district application section of your packet. That is almost identical to the TURS boundary

231
00:22:44,360 --> 00:22:49,600
 on page 150. Just as a reference point, there's a it goes the cultural district is a little

232
00:22:49,600 --> 00:22:56,720
 bit further south of me for an extra street. Just as a visual, that's the general area.

233
00:22:56,720 --> 00:23:02,920
 So the group for our purposes, just economic development focused, their grant funding that

234
00:23:02,920 --> 00:23:08,920
 we're continuing downtown is through the TURS. So they will still need to meet and make recommendations

235
00:23:08,920 --> 00:23:14,940
 for grants for downtown businesses within the TURS. They're making those recommendations

236
00:23:14,940 --> 00:23:21,440
 after we run out of our funds to the TURS going forward. So they'll still do that. Do

237
00:23:21,440 --> 00:23:29,560
 we need to have them do that with the TURS and still come be a task force with this group?

238
00:23:29,560 --> 00:23:37,400
 I would like to keep them in place. And I think that a member from this board, especially

239
00:23:37,400 --> 00:23:41,600
 since it's not going to come to us anymore, I think it would be beneficial to have a member

240
00:23:41,600 --> 00:23:46,360
 from this board on that board so that we're aware of what's going on and we can continue

241
00:23:46,360 --> 00:23:53,840
 to just just keep up to date. That would be my recommendation. So something's not coming

242
00:23:53,840 --> 00:24:01,480
 to us anymore? Is that what the grant requests are that the funding is coming from the TURS

243
00:24:01,480 --> 00:24:07,640
 that has its own separate board and they will be making those recommendations there? Back

244
00:24:07,640 --> 00:24:14,200
 to us? No, to the TURS. We won't be involved in helping make recommendations on any funding

245
00:24:14,200 --> 00:24:19,400
 of money anymore. For me, the information is still pretty vital for this board and to

246
00:24:19,400 --> 00:24:25,440
 have someone come back here and have an update or share any important topics or discussion

247
00:24:25,440 --> 00:24:30,600
 that happened there, I think would be important. Well, that's what that's the point I was getting

248
00:24:30,600 --> 00:24:35,520
 to is making sure that something came back so that there would be information shared

249
00:24:35,520 --> 00:24:42,240
 and I think that's important as well. I want to make sure I'm on the same page, but there's

250
00:24:42,240 --> 00:24:45,920
 a lot of changes going on. I want to make sure that we all understand what the downtown

251
00:24:45,920 --> 00:24:50,560
 task force is, why it's here and that we're on the same page going forward. So I'm opening

252
00:24:50,560 --> 00:24:55,400
 it up to the group to help make all those decisions. So we won't see grant requests

253
00:24:55,400 --> 00:25:03,080
 anymore, it'll go to the TURS, but I think it is helpful to keep these folks in place

254
00:25:03,080 --> 00:25:13,000
 and thriving and as they've got some really sharp people involved in that. I'm asking

255
00:25:13,000 --> 00:25:16,560
 you guys at your pleasure, do you want that information coming back to this group? It

256
00:25:16,560 --> 00:25:21,920
 sounds like it's a yes. Mr. Chair, Tony Clark, I would be interesting to hear Joe Gesture's

257
00:25:21,920 --> 00:25:26,720
 thoughts as the former chairman of that and kind of your opinion on where we are and where

258
00:25:26,720 --> 00:25:32,000
 you think we need to go with that as well. Well, so I have not been present at those

259
00:25:32,000 --> 00:25:39,240
 meetings for the past few meetings, but served in that capacity for over a year. It is an

260
00:25:39,240 --> 00:25:44,920
 impressive group of people from a wide variety of backgrounds and interests, whether it's

261
00:25:44,920 --> 00:25:49,400
 someone that works downtown, owns residential property downtown, owns commercial property

262
00:25:49,400 --> 00:25:59,600
 downtown or a business. There are a lot of changes, so I think it is wise to clarify

263
00:25:59,600 --> 00:26:05,600
 what our expectations of the downtown task forces and how it flows through us. If we,

264
00:26:05,600 --> 00:26:12,040
 I think a good idea would be to maybe every other meeting have someone from the downtown

265
00:26:12,040 --> 00:26:15,760
 task force come and talk to us about what is happening. And I think that that's part

266
00:26:15,760 --> 00:26:23,280
 of our roles on this board is not only the recommendations and decisions that we make

267
00:26:23,280 --> 00:26:26,800
 on this board, but also out in our community being someone that people come to to talk

268
00:26:26,800 --> 00:26:34,400
 to about what's happening, concerns that they have, ideas they have as a sounding board.

269
00:26:34,400 --> 00:26:41,760
 So I think in that capacity, you can see the value of this task force. I mean, yes, you

270
00:26:41,760 --> 00:26:47,320
 can see that the makeup right here of who it is. I would just want to utilize them as

271
00:26:47,320 --> 00:26:52,760
 much as possible to help us do our job so that maybe there is some kind of reporting

272
00:26:52,760 --> 00:27:02,240
 component to it. Since we are out of the funding and grant requests pipeline, which I kind

273
00:27:02,240 --> 00:27:13,800
 of have mixed feelings about, I would say yes, so long as it's like Mr. Baines mentioned

274
00:27:13,800 --> 00:27:18,600
 there's some kind of flow through with this group so that we are benefiting from this

275
00:27:18,600 --> 00:27:24,120
 group of people that give up their time to come and meet and discuss how to improve downtown

276
00:27:24,120 --> 00:27:31,120
 and availability of services, et cetera. And then we might even discuss, is there another

277
00:27:31,120 --> 00:27:35,620
 type of task force that would be useful to this board in making decisions and working

278
00:27:35,620 --> 00:27:41,720
 with city council to inform them of issues that affect economic development? I don't

279
00:27:41,720 --> 00:27:45,880
 know if that was too long or too short, I'm not sure.

280
00:27:45,880 --> 00:27:49,560
 >> Do they have a set meeting date or they just meet as needed?

281
00:27:49,560 --> 00:27:51,760
 >> No, they meet monthly. >> Okay.

282
00:27:51,760 --> 00:27:57,200
 >> And I believe, hey, you're here as the representative today. Would you like to perhaps

283
00:27:57,200 --> 00:28:02,640
 give a year or two since as far as not only the past but where you see the direction headed

284
00:28:02,640 --> 00:28:06,700
 in the future for this task force and how they can be used most effectively?

285
00:28:06,700 --> 00:28:11,280
 >> Sure. >> Thank you.

286
00:28:11,280 --> 00:28:23,240
 >> I'm just happy to be listed among a group that you think is smart. It is a good group

287
00:28:23,240 --> 00:28:27,480
 because of the makeup and I think what you get from this group that you wouldn't necessarily

288
00:28:27,480 --> 00:28:32,760
 get from Main Street is people like myself or Beth from the universities that really

289
00:28:32,760 --> 00:28:40,080
 value our downtown as, I call it an asset in recruiting students to our town. I don't

290
00:28:40,080 --> 00:28:44,900
 know that 10 or 15 years ago it was as strong and our task force I think has tried to guide

291
00:28:44,900 --> 00:28:51,320
 some decisions on how our downtown looks and feels, safety, lighting, certainly the eclectic

292
00:28:51,320 --> 00:28:57,280
 makeup of the businesses that we get. And right now between UNT and TWU we're talking

293
00:28:57,280 --> 00:29:01,880
 over 50,000 students in this town. So moms and dads come and making trips and really

294
00:29:01,880 --> 00:29:05,840
 experiencing downtown Denton and leaving the money behind which is the economic development

295
00:29:05,840 --> 00:29:13,080
 aspect. So I feel strongly that this group really represents a good clearinghouse for

296
00:29:13,080 --> 00:29:18,800
 you to talk about things that are important downtown. And to John's question, we sometimes

297
00:29:18,800 --> 00:29:22,620
 get that, you know, are you just worried about Oak and Hickory and the four streets down

298
00:29:22,620 --> 00:29:28,160
 there? A lot of what we have done initially really impacted the square in particular,

299
00:29:28,160 --> 00:29:34,040
 but we've spilled all over and downtown is a much bigger district now than it was. When

300
00:29:34,040 --> 00:29:38,560
 you talk about spreading all the way to exposition, think of how much more growth we can have

301
00:29:38,560 --> 00:29:42,880
 downtown on the other side of the tracks where people are coming every day via the train.

302
00:29:42,880 --> 00:29:48,160
 So there's a lot of good decisions still to be made that are not right there on courthouse.

303
00:29:48,160 --> 00:29:52,520
 One of the corollaries related to what I was speaking about with the boundaries is if those

304
00:29:52,520 --> 00:29:57,560
 boundaries were set in a previous time period, it may need to be expanded, you know. So just

305
00:29:57,560 --> 00:30:03,760
 to, I don't think there's any question about that. This is the time and place. But to me,

306
00:30:03,760 --> 00:30:08,760
 if that boundary was set years ago, then it may be time to update it.

307
00:30:08,760 --> 00:30:13,760
 Sure. And as it relates to the TURS boundaries, so that would only be limited to the grant

308
00:30:13,760 --> 00:30:18,240
 funding. The grants would have to be used. But if there were some expansion of downtown

309
00:30:18,240 --> 00:30:22,240
 or this board wanted to say, we want to be more inclusive of what we define as downtown

310
00:30:22,240 --> 00:30:30,160
 for the responsibilities of the task force, that's something that this board could do.

311
00:30:30,160 --> 00:30:37,240
 Other than reviewing and giving input and scoring the grant proposals and the funding,

312
00:30:37,240 --> 00:30:42,560
 what else do you see as the role of the downtown task force, as a task force of the EDP board?

313
00:30:42,560 --> 00:30:47,000
 I mean, just to kind of help us talk about where we are today and moving forward.

314
00:30:47,000 --> 00:30:50,440
 I don't know that I can speak for the entire body, but I know this has come up enough.

315
00:30:50,440 --> 00:30:56,280
 You know, part of the beauty of downtown is the challenge of how do you get downtown and

316
00:30:56,280 --> 00:31:01,040
 what does our city look like on your way to downtown. So there's different portals coming

317
00:31:01,040 --> 00:31:05,560
 in. I think most of us really feel like, you know, Fort Worth Drive could stand some real

318
00:31:05,560 --> 00:31:10,960
 concentration on how it looks and how you have your gateway off the highway. I think

319
00:31:10,960 --> 00:31:15,280
 that's important as citizens and I think it's really important if you're, again, representing

320
00:31:15,280 --> 00:31:18,960
 the university and in my case, the athletic department, you just want your best foot forward

321
00:31:18,960 --> 00:31:24,400
 all the time. We've got a lot to celebrate in this town, but many towns within driving

322
00:31:24,400 --> 00:31:29,360
 distance look a lot different coming off I-35 than we do. And so, you know, that's something

323
00:31:29,360 --> 00:31:35,520
 we've talked about. Maybe that becomes a little bit more of a task force focus for some group.

324
00:31:35,520 --> 00:31:36,720
 And that's just one idea.

325
00:31:36,720 --> 00:31:45,840
 >> I apologize for being late. Marty, who is the -- who's going to be the vacant E?

326
00:31:45,840 --> 00:31:48,280
 >> That's what happens when you're late.

327
00:31:48,280 --> 00:31:49,280
 >> Yeah.

328
00:31:49,280 --> 00:31:50,280
 [ Laughter ]

329
00:31:50,280 --> 00:31:51,280
 >> I nominate Steve Eggers.

330
00:31:51,280 --> 00:31:52,280
 >> I'd like to congratulate Steve.

331
00:31:52,280 --> 00:31:53,280
 >> I'd like to nominate --

332
00:31:53,280 --> 00:31:54,280
 [ Laughter ]

333
00:31:54,280 --> 00:32:15,000
 >> Well, the question is, we just have -- we haven't had any formal rules of the task force.

334
00:32:15,000 --> 00:32:19,080
 It's really just been a subcommittee of this group and we've always had somebody represent

335
00:32:19,080 --> 00:32:25,800
 us at that level. I did it for 15 years and resigned from that a couple years ago. Just

336
00:32:25,800 --> 00:32:30,920
 like somebody else needs to have fun doing that. It's a great group. It's really not

337
00:32:30,920 --> 00:32:35,240
 that much time. I mean, probably meet nine months out of the year, really.

338
00:32:35,240 --> 00:32:39,000
 >> Right. Take some time off in the summer and Julie pretty much gives us heads up. If

339
00:32:39,000 --> 00:32:42,960
 we don't have a lot to talk about, then that's one thing. If we have a lot, then we definitely

340
00:32:42,960 --> 00:32:44,680
 meet, but it's consistent.

341
00:32:44,680 --> 00:32:50,640
 >> Well, we can. We don't have to. We can still get the information back up here through

342
00:32:50,640 --> 00:32:59,320
 Julie. I'm throwing out ideas and I co-chaired it. That was off of this board for two years

343
00:32:59,320 --> 00:33:03,760
 and Greg Johnson was on the board and he chaired it and I co-chaired it with him because they

344
00:33:03,760 --> 00:33:11,120
 wanted me to stay involved in the task force. So that's kind of the effort discussion, too.

345
00:33:11,120 --> 00:33:17,060
 Everybody is passionate about downtown on this board and wants to continue to represent

346
00:33:17,060 --> 00:33:23,920
 us as a group. That would be great. We've got some veterans on the task force to work

347
00:33:23,920 --> 00:33:24,920
 with.

348
00:33:24,920 --> 00:33:25,920
 >> So you need a motion?

349
00:33:25,920 --> 00:33:29,120
 >> I don't know. We can't do that today. We're just --

350
00:33:29,120 --> 00:33:31,640
 >> No, in terms of nominating someone to serve --

351
00:33:31,640 --> 00:33:32,640
 >> Not nominating someone.

352
00:33:32,640 --> 00:33:33,640
 >> Just general direction.

353
00:33:33,640 --> 00:33:34,640
 >> General direction. Okay.

354
00:33:34,640 --> 00:33:35,640
 >> Erica.

355
00:33:35,640 --> 00:33:44,760
 >> So you said it's a task force, but it does meet regularly. I'm a big fan of the use of

356
00:33:44,760 --> 00:33:51,000
 task force, so my question, I guess, is, is this something that you need to have -- you

357
00:33:51,000 --> 00:33:55,480
 feel like you need to have in place all the time? That's one of my questions. Or is this

358
00:33:55,480 --> 00:34:01,960
 something that you can recruit periodically, six weeks, 12 weeks, to tackle a specific

359
00:34:01,960 --> 00:34:07,640
 issue, like gateway corridors or a lighting issue or a safety issue, where you, you know,

360
00:34:07,640 --> 00:34:12,640
 you bring them in for a specific amount of time and say, let's tackle this task and give

361
00:34:12,640 --> 00:34:18,000
 recommendations, rather than saying, you know, hey, just keep your pulse on things and let's

362
00:34:18,000 --> 00:34:24,560
 meet regularly anyway. And also, another part of that that I was wondering is how does the

363
00:34:24,560 --> 00:34:32,240
 TURS board relate to this task force? Is that something that they ask for the input from

364
00:34:32,240 --> 00:34:33,640
 this task force too?

365
00:34:33,640 --> 00:34:37,600
 >> The TURS board would only take recommendations from the task force as it relates to the downtown

366
00:34:37,600 --> 00:34:38,600
 grant administration.

367
00:34:38,600 --> 00:34:44,080
 >> And have they been receptive of the recommendations in the past?

368
00:34:44,080 --> 00:34:47,880
 >> It currently doesn't report to them because it's still funded through general fund. So

369
00:34:47,880 --> 00:34:48,880
 when that --

370
00:34:48,880 --> 00:34:49,880
 >> We're in a transition.

371
00:34:49,880 --> 00:34:50,880
 >> Right.

372
00:34:50,880 --> 00:34:51,880
 >> Okay.

373
00:34:51,880 --> 00:34:52,880
 >> We haven't made the full transition yet.

374
00:34:52,880 --> 00:35:00,840
 >> I mean, this group would be a good sounding board for the TURS board also. So actually

375
00:35:00,840 --> 00:35:10,080
 there's a couple of people on this task force that are on the TURS board. Melissa and Alex.

376
00:35:10,080 --> 00:35:11,080
 Bob used to be.

377
00:35:11,080 --> 00:35:24,780
 >> Anybody have any more questions for Hank? Thank you.

378
00:35:24,780 --> 00:35:25,780
 >> Thank you for serving.

379
00:35:25,780 --> 00:35:29,920
 >> Well, the goal of the task force members is to have a variety of folks. And you'll

380
00:35:29,920 --> 00:35:36,200
 notice loosely we have -- want to make sure there's somebody from the county, somebody

381
00:35:36,200 --> 00:35:43,840
 from UNT, TWU, the greater Denton heart center, and then whoever is the president of the main

382
00:35:43,840 --> 00:35:48,240
 treat association that is an ex-official member divided to ten. So that changes. That could

383
00:35:48,240 --> 00:35:56,800
 change every year. Just want to have those people involved. And then people who are interested,

384
00:35:56,800 --> 00:36:05,080
 Peggy's our resident, historical person to keep everybody on track there too. So business

385
00:36:05,080 --> 00:36:12,160
 owners, developers, bankers, property owners, all in the downtown area.

386
00:36:12,160 --> 00:36:20,440
 >> As far as speaking to your question, Erica, I would say that it doesn't meet if there's

387
00:36:20,440 --> 00:36:28,160
 no need to meet. And I apologize if I misrepresented. There are set meeting dates monthly. However,

388
00:36:28,160 --> 00:36:34,640
 if there's nothing to be proposed and there's no topic, it is up to -- it's a conversation

389
00:36:34,640 --> 00:36:41,640
 between Julie and the current chair and usually vice chair as to whether or not it is worth

390
00:36:41,640 --> 00:36:47,880
 having that meeting. So it is a little more task force-y than a committee in that respect.

391
00:36:47,880 --> 00:36:54,600
 So there are set times so people can calendar for the year. However, it is as needed.

392
00:36:54,600 --> 00:36:57,000
 >> And I highlight that as --

393
00:36:57,000 --> 00:36:58,000
 >> Correct.

394
00:36:58,000 --> 00:36:59,000
 >> It's really a committee.

395
00:36:59,000 --> 00:37:06,200
 >> I'm coming from the point of view of someone who loves a task and also as someone who sees

396
00:37:06,200 --> 00:37:10,840
 a empty space where a Chamber of Commerce would be represented.

397
00:37:10,840 --> 00:37:13,960
 >> You've got a lot of members on there.

398
00:37:13,960 --> 00:37:14,960
 >> Right.

399
00:37:14,960 --> 00:37:15,960
 >> Yeah.

400
00:37:15,960 --> 00:37:20,960
 >> No, and that's a great group. If there's an opportunity to put a voice at the table,

401
00:37:20,960 --> 00:37:21,960
 of course we want to do that.

402
00:37:21,960 --> 00:37:27,560
 >> I haven't been to the meeting in a while, but CVV usually shows up to that because they're

403
00:37:27,560 --> 00:37:41,400
 interested in -- any -- so if I'm hearing correctly, the direction is we want to continue

404
00:37:41,400 --> 00:37:49,480
 to use this group as a subcommittee of the Economic Development Partnership Board, and

405
00:37:49,480 --> 00:37:55,000
 we would prefer to have somebody on this board chair that and/or co-chair that with somebody

406
00:37:55,000 --> 00:38:01,680
 to be involved at those meetings so they can come back. I'm going to throw out some -- maybe

407
00:38:01,680 --> 00:38:08,040
 it would be a good idea for us to kind of outline formally what the make-up is and how

408
00:38:08,040 --> 00:38:12,800
 -- we're supposed to be, as a group, approving that every year, the task force members on

409
00:38:12,800 --> 00:38:22,760
 a recommendation. Maybe we could formalize what that is so that we -- if we're missing

410
00:38:22,760 --> 00:38:29,600
 anybody, maybe -- probably need to have somebody from NCTC on there now.

411
00:38:29,600 --> 00:38:36,480
 >> How do the members get chosen? Are they nominated or do they just kind of -- and how

412
00:38:36,480 --> 00:38:39,840
 often does it turn over? Are these things that we need to kind of formalize and make

413
00:38:39,840 --> 00:38:40,840
 sure --

414
00:38:40,840 --> 00:38:45,120
 >> That's what I'm saying. We need to formalize it. It's been -- it is in the minute somewhere

415
00:38:45,120 --> 00:38:52,520
 because I'm the one who did it years ago that we're supposed to be formally approving this

416
00:38:52,520 --> 00:39:02,480
 member at this level, these members, annually. And so we -- and it's been pretty much the

417
00:39:02,480 --> 00:39:05,680
 same people for the last four or five years. So yes, ma'am.

418
00:39:05,680 --> 00:39:10,520
 >> I would just tell you that right now we are short a couple of people. Of course, the

419
00:39:10,520 --> 00:39:15,240
 chair position. But Don Lee from First United Methodist, the pastor from that church, has

420
00:39:15,240 --> 00:39:19,680
 been on this for a long time. And they've just -- as they've changed pastor, that person

421
00:39:19,680 --> 00:39:28,520
 has inherited that group. He recently resigned. And we lost Kate Linus at the county when

422
00:39:28,520 --> 00:39:33,520
 the -- you know, the judge retired and so she no longer works for the county. So we

423
00:39:33,520 --> 00:39:39,120
 do have a couple of positions that -- but you can -- you can appoint whoever you would

424
00:39:39,120 --> 00:39:42,000
 like to and we can get that on a future agenda.

425
00:39:42,000 --> 00:39:47,160
 >> I think it would be -- any appointments ought to come as recommendations from that

426
00:39:47,160 --> 00:39:55,520
 group. But it would be nice for us to set aside, maybe not mandatory, but target, UNT,

427
00:39:55,520 --> 00:40:05,520
 TWA, arts, NCTC, the Methodist Church, because this downtown has been involved like that.

428
00:40:05,520 --> 00:40:15,440
 So is that -- any other discussion or recommendations?

429
00:40:15,440 --> 00:40:19,080
 So our next meeting, maybe we can come back with some recommendations on how to do that

430
00:40:19,080 --> 00:40:22,000
 and put on the agenda to add a chair.

431
00:40:22,000 --> 00:40:27,480
 >> Yeah, we'll break back another discussion on formalizing the membership and then also

432
00:40:27,480 --> 00:40:31,160
 put an item to nominate a chair.

433
00:40:31,160 --> 00:40:42,040
 >> Great. Anybody else have any comments or questions? All right. Our next exciting item

434
00:40:42,040 --> 00:40:48,720
 is EDP 19-028, receive a report, hold discussion, and give staff direction regarding the fiscal

435
00:40:48,720 --> 00:40:55,400
 year-end '19 and '20 budgets for the city's economic development department and the Chamber's

436
00:40:55,400 --> 00:41:04,320
 Office of Economic Development.

437
00:41:04,320 --> 00:41:07,320
 >> Good morning again.

438
00:41:07,320 --> 00:41:17,200
 >> So I'm going to start it off by doing the city's economic development, the departmental

439
00:41:17,200 --> 00:41:21,920
 budget, and then I believe Adam is going to do the Chamber's portion, so we're going to

440
00:41:21,920 --> 00:41:29,240
 tag team a little bit today. So -- and I will say that as I go through this, we've presented

441
00:41:29,240 --> 00:41:34,240
 ours internally. We have not taken it to city council just yet. We're scheduled for late

442
00:41:34,240 --> 00:41:38,520
 July, early August, so certainly all of the numbers that you're seeing are really preliminary

443
00:41:38,520 --> 00:41:42,680
 but we welcome any feedback that you have. If there's something that we can change or

444
00:41:42,680 --> 00:41:46,160
 incorporate into our budget, we'll certainly do so.

445
00:41:46,160 --> 00:41:52,520
 So we'll start off by reviewing our FY 18-19 accomplishments. This, of course, is just year

446
00:41:52,520 --> 00:41:57,980
 to date, but in terms of our department, one of our big accomplishments was achieving the

447
00:41:57,980 --> 00:42:04,600
 renewal of the Stoke contract, and that now goes through 2021. We've also updated the

448
00:42:04,600 --> 00:42:09,800
 tax abatement policy for consideration of historically significant properties. We completed

449
00:42:09,800 --> 00:42:15,280
 the Tyson Foods Incentive Agreement, and that will generate a net revenue of about $5 million

450
00:42:15,280 --> 00:42:21,120
 over 10 years to the city. We've completed and repaired -- completed the repair and reinstallation

451
00:42:21,120 --> 00:42:25,960
 of the Pops Carter statue. If you haven't been to GDAC, it's a lovely statue. Please

452
00:42:25,960 --> 00:42:31,760
 visit it. And then, of course, we are significantly completed with the cultural district application.

453
00:42:31,760 --> 00:42:36,280
 I'll do a very brief presentation on that later. That was a huge undertaking, and we're

454
00:42:36,280 --> 00:42:40,960
 really excited about that and how that will be used as an economic development tool. I'm

455
00:42:40,960 --> 00:42:48,400
 also really excited because I get to mail those applications today, so I'm very excited.

456
00:42:48,400 --> 00:42:54,480
 In terms of our goals for 19-20, I will say that these are not comprehensive department

457
00:42:54,480 --> 00:42:58,400
 goals, and we're certainly still working to establish these, but just to give you a high

458
00:42:58,400 --> 00:43:03,940
 level overview of what we're working towards. The first one, and I would say is probably

459
00:43:03,940 --> 00:43:08,960
 the biggest, is that we need to update our economic development strategic plan. Later

460
00:43:08,960 --> 00:43:13,960
 in the presentation, I'll talk about the supplemental request that we've made for that. Our goal

461
00:43:13,960 --> 00:43:18,880
 here is that we want to make sure that we align our work plans with the strategic needs

462
00:43:18,880 --> 00:43:22,320
 of the city. That's very important to make sure that we understand what our mission is

463
00:43:22,320 --> 00:43:27,960
 and what we're working towards. In partnership with the Chamber as well, and we'll talk about

464
00:43:27,960 --> 00:43:32,920
 that again a little bit later in the presentation. A big thing that's important to me, and I

465
00:43:32,920 --> 00:43:35,920
 know it's important to Erica because we've talked about it with both of us being new

466
00:43:35,920 --> 00:43:40,920
 to our positions, is really how can we further leverage the partnerships between the Chamber

467
00:43:40,920 --> 00:43:46,680
 and the city? How do we work together more effectively to achieve greater prosperity

468
00:43:46,680 --> 00:43:53,920
 for everyone in the city? I promise I didn't have this planted, but working on corridor

469
00:43:53,920 --> 00:43:59,920
 improvements, Hank's not here to see that in my presentation, but what can we do to

470
00:43:59,920 --> 00:44:04,800
 improve the gateways and the corridors in the city? We actually have a meeting on that

471
00:44:04,800 --> 00:44:09,440
 this afternoon, so I'm excited to see what progress we've been making. Then continuing

472
00:44:09,440 --> 00:44:13,880
 our engagement and working towards promoting the growing creative sector, and that relates

473
00:44:13,880 --> 00:44:18,480
 back to the cultural district, but certainly also in relation to the universities and then

474
00:44:18,480 --> 00:44:25,000
 implementing year one of the cultural district. When we look at how we design our budget and

475
00:44:25,000 --> 00:44:32,080
 how we allocate resources, we focus in these six key areas. Business development, entrepreneurship,

476
00:44:32,080 --> 00:44:37,320
 workforce development, community engagement, project administration and creative sector.

477
00:44:37,320 --> 00:44:41,960
 There's certainly not six probably co-equal branches of our budget emphasis, but they

478
00:44:41,960 --> 00:44:48,360
 are the six primary areas in which our department works in. I will say, being relatively new

479
00:44:48,360 --> 00:44:54,040
 to this position, my job, as it relates also back to the strategic plan is identifying,

480
00:44:54,040 --> 00:44:58,640
 are those the six areas that we need to continue to work in or are there some additional areas

481
00:44:58,640 --> 00:45:05,960
 that we need to consider moving forward? One big thing here at the city is making sure

482
00:45:05,960 --> 00:45:11,120
 that we're good stewards of the taxpayer dollars and what are we doing to ensure that there

483
00:45:11,120 --> 00:45:16,840
 are cost containment measures or process improvements that are going on. Things that we're doing

484
00:45:16,840 --> 00:45:21,800
 in our department is we're holding monthly meetings with other departments, capital projects,

485
00:45:21,800 --> 00:45:26,840
 engineering, legal, development services, finance. We're making sure that those silos

486
00:45:26,840 --> 00:45:30,160
 are broken down. We want to make sure that any business that's operating in the city

487
00:45:30,160 --> 00:45:35,880
 has a very seamless and pleasant experience with the city and they're not getting one

488
00:45:35,880 --> 00:45:39,680
 answer from one department and then getting another answer from another department. We

489
00:45:39,680 --> 00:45:43,240
 want to make sure that we're all communicating and that we're all working towards a common

490
00:45:43,240 --> 00:45:49,000
 goal. We're cross-training staff to make sure that everyone is up to speed and can

491
00:45:49,000 --> 00:45:53,600
 fill in. That makes us more versatile. It makes us better at our jobs and we can fully

492
00:45:53,600 --> 00:45:59,520
 comprehend and understand the full nature of our project. We're certainly partnering

493
00:45:59,520 --> 00:46:03,000
 with our human resources department. Again, this goes back to that strategic plan and

494
00:46:03,000 --> 00:46:08,400
 our goals. Do our job descriptions, do our work plans, do our core competencies align

495
00:46:08,400 --> 00:46:13,440
 with the goals of our department of the city and achieving economic development prosperity

496
00:46:13,440 --> 00:46:20,880
 in the city. What are our completed improvements for this year? One thing that you see regularly

497
00:46:20,880 --> 00:46:26,840
 is our customized reporting that we use for our monthly reports that we're tracking metrics

498
00:46:26,840 --> 00:46:31,760
 that we're evaluating those. I'm asking questions. Where are we at on things? Are we going to

499
00:46:31,760 --> 00:46:38,120
 achieve our goals? Then another big key that we have going on is documenting processes

500
00:46:38,120 --> 00:46:44,620
 and procedures, making sure that someone could come in and take over and carry out a project.

501
00:46:44,620 --> 00:46:47,560
 We get pulled in many different directions so we certainly want to make sure that we

502
00:46:47,560 --> 00:46:53,640
 fully leverage our staff and can do each other's job. Then again, back to the job description

503
00:46:53,640 --> 00:46:59,760
 and work plans, making sure that those meet our strategic goals. In terms of our revenues

504
00:46:59,760 --> 00:47:03,880
 and expenditures, this is sort of a high level overview. I will say this is slightly different

505
00:47:03,880 --> 00:47:09,600
 from what you have in your budget or what you have in your backup because we are constantly

506
00:47:09,600 --> 00:47:15,600
 evaluating our incentives as we get the most up to date information. We're actually going

507
00:47:15,600 --> 00:47:22,280
 to be about 700,000 less overall. The key drivers here are the conclusion of the slumberjay

508
00:47:22,280 --> 00:47:29,600
 incentive, the termination of the Sally incentive, completion of the one-time O'Reilly incentive,

509
00:47:29,600 --> 00:47:35,440
 and then in general, a reduction in sales tax that's being remitted by incentivized

510
00:47:35,440 --> 00:47:43,600
 retail centers. That certainly impacts us both on the revenue and expenditure side.

511
00:47:43,600 --> 00:47:46,840
 I won't spend too much time on this slide. This is just our high level overview. This

512
00:47:46,840 --> 00:47:52,360
 actually includes both of the two operating divisions under the economic development budget.

513
00:47:52,360 --> 00:47:57,800
 Includes both our general staff operations but also STOKE. I have those broken out. Makes

514
00:47:57,800 --> 00:48:04,760
 it a little bit easier going forward. So quickly, STOKE. The real increase that you see there

515
00:48:04,760 --> 00:48:10,280
 is the increase in rent and a little bit of operational costs. Otherwise, it remains very

516
00:48:10,280 --> 00:48:16,760
 flat. Our contract with the property owner has an escalating rent clause. So that's that

517
00:48:16,760 --> 00:48:26,320
 adjustment that you see there. Yes. Chair? Yes. And can you tell me again when that expires?

518
00:48:26,320 --> 00:48:36,680
 2021. Okay. Thank you. So this is our actual department operating budget. As you can see,

519
00:48:36,680 --> 00:48:41,960
 we're relatively flat other than that 700,000 that was in relation to the incentives. And

520
00:48:41,960 --> 00:48:47,680
 I apologize, Jill, this is very hard to see. I was going to say the tables get a little

521
00:48:47,680 --> 00:48:52,200
 difficult when we put them on there. It's a lot of numbers in a table. But I tried to

522
00:48:52,200 --> 00:48:58,520
 break out in terms for you guys to see the real difference in our budget is driven right

523
00:48:58,520 --> 00:49:05,220
 here by the chapter 380 agreements. Otherwise, we're staying very constant in our expenditures.

524
00:49:05,220 --> 00:49:10,760
 So basically the same in most lines, personnel services, that's changed based on items that

525
00:49:10,760 --> 00:49:15,880
 we can't control. Yes, ma'am? May I ask a question? Sorry. Jill Jester. So the number

526
00:49:15,880 --> 00:49:20,800
 going down here on the operations on the 380 agreements, is that because of the numbers

527
00:49:20,800 --> 00:49:25,320
 of those agreements going down, therefore there's not as much operational funding needed

528
00:49:25,320 --> 00:49:32,000
 to monitor those? Is that the reason for this? So we actually budget the expenditure related

529
00:49:32,000 --> 00:49:37,440
 to the incentive out of our budget. So the check that we write to whatever incentivized

530
00:49:37,440 --> 00:49:44,240
 company is accounted for here. So if a retail center is generating less sales tax, their

531
00:49:44,240 --> 00:49:49,240
 payment is going to be less. So in terms of the general city revenue, the revenue number

532
00:49:49,240 --> 00:49:53,240
 is going to be lower, but our expenditure number is also going to be lower. And that's

533
00:49:53,240 --> 00:49:57,800
 you're only seeing one side of that equation in our budget, if that makes sense. Thank

534
00:49:57,800 --> 00:50:06,240
 you. Sure. Everybody on everybody. Understand that had to be explained to me. Well, if you're

535
00:50:06,240 --> 00:50:14,720
 just in case, I want to make sure I understand myself. If didn't town crossing is bringing

536
00:50:14,720 --> 00:50:19,680
 in a million dollars in sales revenue in 2017 and we're getting half of that through an

537
00:50:19,680 --> 00:50:26,920
 incentive that we gave them, we get 500, they get $500,000 in 2018. If sales go up or down,

538
00:50:26,920 --> 00:50:32,800
 our number goes up and down because it's so there's say their sales went down to $800,000

539
00:50:32,800 --> 00:50:41,240
 that year sales tax, they get 400 and we get 400. We're splitting whatever they get on

540
00:50:41,240 --> 00:50:46,600
 their sales tax every year. So that number goes up and down. We're expensing our portion

541
00:50:46,600 --> 00:50:53,480
 that we're rebating back to them in this budget. That's the, that's the $3.6 million there.

542
00:50:53,480 --> 00:50:59,160
 So that's a moving target. Yes. From all the people that we're giving incentive to throughout

543
00:50:59,160 --> 00:51:06,440
 the city going, going up or down. So we're only giving them, if we are saying we're giving

544
00:51:06,440 --> 00:51:11,680
 them half of their buckies is getting half of their money back or sales tax. We're, whatever

545
00:51:11,680 --> 00:51:15,360
 they collect, we're giving half back. It's, we don't have any choice in any of that. And

546
00:51:15,360 --> 00:51:22,600
 so is this determined by a projection of sales tax for going down this? Well, I wanted to

547
00:51:22,600 --> 00:51:29,880
 talk specifically about several large line item changes. Yeah. Right. I mean, it's a

548
00:51:29,880 --> 00:51:35,800
 combination of every, it's a forecast based on what we think is going to happen with all

549
00:51:35,800 --> 00:51:41,600
 of these, I guess. And I'm going to guess we're forecasting conservatively based on

550
00:51:41,600 --> 00:51:48,120
 history. But if you'll like, if you'll look at page 58, and they're back up, repeat that

551
00:51:48,120 --> 00:52:06,880
 page number please. 58. Thank you. That has the detail line items like a 78 51 through

552
00:52:06,880 --> 00:52:17,000
 78 53 are main chapter three 80 agreements. You can see the years past. The peach color

553
00:52:17,000 --> 00:52:26,200
 is what we're estimating through the end of 2019. And the green is what we're projecting.

554
00:52:26,200 --> 00:52:33,760
 So summer up summer down. Marty, if you'll, if you'll permit me. So Tony point the chief

555
00:52:33,760 --> 00:52:37,000
 financial officer. So there's a couple of things that certainly that's going on into

556
00:52:37,000 --> 00:52:43,160
 that particular line item. Both we have sales tax rebate agreements and we also have property

557
00:52:43,160 --> 00:52:47,980
 tax rebate agreements that are built into that. Part of the part of the explanation

558
00:52:47,980 --> 00:52:52,680
 is that there was some one time expenses that were associated with the O'Reilly hospitality

559
00:52:52,680 --> 00:52:56,640
 management that we won't see again in the following year. So that's being dropped off

560
00:52:56,640 --> 00:53:01,240
 and the budget's been adjusted for that. And so we do have that phenomenon. We have some

561
00:53:01,240 --> 00:53:06,400
 agreements that are actually going away based on different circumstances. And the other

562
00:53:06,400 --> 00:53:11,320
 thing too is for the current year, we did relook at what those projections were and

563
00:53:11,320 --> 00:53:16,160
 we've made some adjustments. And so you should be seeing a, a decrease in the estimate for

564
00:53:16,160 --> 00:53:21,520
 18 19 over what's budgeted. And then we took a, you know, a much closer look at what those

565
00:53:21,520 --> 00:53:27,000
 estimates and projections were for, for 19 20 and try to, to realign them to something

566
00:53:27,000 --> 00:53:31,600
 that's a little bit more, more in line with what we've seen historically. So there's

567
00:53:31,600 --> 00:53:38,160
 a lot of different moving pieces to that. That information is as Marty's mentioned detailed

568
00:53:38,160 --> 00:53:44,360
 out for you, we do have another more comprehensive sheet that we can, we can send out to you.

569
00:53:44,360 --> 00:53:48,000
 We'll be happy to send that out to your group. I don't think that was included in your backup

570
00:53:48,000 --> 00:53:51,960
 that gives you each particular incentive and kind of ties back out to those numbers as

571
00:53:51,960 --> 00:53:58,560
 well. Maybe, maybe it's a little bit easier to digest. So we can get that out to you.

572
00:53:58,560 --> 00:54:08,080
 Thank you Tony. In a, in a nutshell, all these questions are gonna, I'm going to get back

573
00:54:08,080 --> 00:54:16,720
 to my real reason why I'm asking all this, but so like razor ranch marketplace is projected

574
00:54:16,720 --> 00:54:26,920
 to decrease roughly $700,000. So if you look at actually the columns kind of to the left

575
00:54:26,920 --> 00:54:31,000
 and you see kind of what Tony was talking about, the actuals. So we took them, took

576
00:54:31,000 --> 00:54:35,600
 a much closer look in our forecast at what has actually been collected and we're adjusting

577
00:54:35,600 --> 00:54:39,800
 that number to be more aligned with those actuals than what we had budgeted. So we're

578
00:54:39,800 --> 00:54:46,480
 trying to get better at being closer to what it is in terms of what is the actual expenditure

579
00:54:46,480 --> 00:54:47,480
 we expect.

580
00:54:47,480 --> 00:54:57,280
 So I guess my, so my, the 18-19 estimate is a million nine. Is that really what we think

581
00:54:57,280 --> 00:54:58,280
 is gonna happen?

582
00:54:58,280 --> 00:55:03,360
 At this point, I'm going to look at, sorry, I'm going to look at Erica and see if we've

583
00:55:03,360 --> 00:55:12,080
 updated the estimates for 2019 for this fiscal year.

584
00:55:12,080 --> 00:55:15,960
 The number that we have estimated for this fiscal year.

585
00:55:15,960 --> 00:55:22,280
 Razor Ranch Marketplace budget is the same as estimate. So are we, is that estimate updated

586
00:55:22,280 --> 00:55:24,720
 based on what they're doing this year?

587
00:55:24,720 --> 00:55:26,680
 I don't believe so at this point.

588
00:55:26,680 --> 00:55:35,200
 Currently what we have is that we think that they're going to be at budget, we've not adjusted

589
00:55:35,200 --> 00:55:36,200
 that number down.

590
00:55:36,200 --> 00:55:37,200
 Okay.

591
00:55:37,200 --> 00:55:39,960
 Yeah. Billy's getting mad at us for, you know, talking into the microphone.

592
00:55:39,960 --> 00:55:54,760
 Sorry, I made a rookie mistake. So yeah, so currently that particular number has not been

593
00:55:54,760 --> 00:55:59,880
 adjusted down or up. It's, so we're assuming that it's going to be at budget based on what

594
00:55:59,880 --> 00:56:02,560
 we know today. So, but again, we're

595
00:56:02,560 --> 00:56:10,480
 budgeting based on the previous years. Yeah, correct. So, okay.

596
00:56:10,480 --> 00:56:17,840
 Mr. Chair, can I ask, if you're looking at Razor Ranch, there's a marketplace and then

597
00:56:17,840 --> 00:56:24,160
 there's a town center. The town center doesn't have any estimate for budget, but there is

598
00:56:24,160 --> 00:56:26,280
 a favorable estimate. Is that the offset?

599
00:56:26,280 --> 00:56:31,160
 Well, that's, that's the southern part with the new, that's all the new stuff that's going

600
00:56:31,160 --> 00:56:32,160
 on.

601
00:56:32,160 --> 00:56:33,160
 Yes.

602
00:56:33,160 --> 00:56:36,080
 Yes, that, that development is split into different segments.

603
00:56:36,080 --> 00:56:38,720
 Even though it's been being developed, they have to reach certain goals where they start

604
00:56:38,720 --> 00:56:39,720
 getting money back.

605
00:56:39,720 --> 00:56:40,720
 Yeah.

606
00:56:40,720 --> 00:56:43,720
 So it's just starting.

607
00:56:43,720 --> 00:56:51,880
 Okay. If, so Slumber J is going away, we don't have to, so we're getting 100% of that money

608
00:56:51,880 --> 00:56:57,960
 into the general fund because what we don't see here is the revenue. The revenue, whatever

609
00:56:57,960 --> 00:57:02,280
 our expenses, the revenue is going to match and I'm going to jump ahead just real quick.

610
00:57:02,280 --> 00:57:07,080
 We do have, so this is the other side of the equation. So if you go forward to a couple

611
00:57:07,080 --> 00:57:13,680
 slides, this is the complete year numbers. But we do on the revenue side for the city's

612
00:57:13,680 --> 00:57:19,840
 general fund account for the, what we call the positive, you know, revenue into the city.

613
00:57:19,840 --> 00:57:24,440
 So budget, the expenditures out of the economic development budget, but all of the revenue

614
00:57:24,440 --> 00:57:29,240
 coming into the city's general fund from those developments is being accounted for in the

615
00:57:29,240 --> 00:57:35,640
 revenue, general revenue side. So we do calculate our net revenue. So while you see it as an

616
00:57:35,640 --> 00:57:42,480
 expense in our department budget, it's about a three to one net positive to the city in

617
00:57:42,480 --> 00:57:43,480
 terms of revenue.

618
00:57:43,480 --> 00:57:45,880
 That's the return on this one.

619
00:57:45,880 --> 00:57:46,880
 Yeah.

620
00:57:46,880 --> 00:57:53,040
 Yes. Thank you. So I'm going to use Denton Crossing as an example of that. It's going

621
00:57:53,040 --> 00:57:55,000
 away this year.

622
00:57:55,000 --> 00:57:56,160
 Yes.

623
00:57:56,160 --> 00:58:06,800
 2020, 2021, it's partially, it's like August of, um, 1920. So a partial year. It'll be

624
00:58:06,800 --> 00:58:14,000
 a partial year in, um, 1920. I believe it's August. And you'll see that in the five year

625
00:58:14,000 --> 00:58:18,860
 forecast. I do have a five year forecast every year. We haven't distributed it to this group.

626
00:58:18,860 --> 00:58:24,480
 We will have to redact a couple things of single taxpayers, the Buckees in O'Reilly,

627
00:58:24,480 --> 00:58:29,060
 but I can certainly send this out to everybody. And it's, again, it is constantly changing

628
00:58:29,060 --> 00:58:32,780
 up until we finalize the budget.

629
00:58:32,780 --> 00:58:38,040
 So for some reason I thought Denton Crossing was going away this year.

630
00:58:38,040 --> 00:58:43,720
 But to the chair's point, Jason Donaldson, it drops to 398 is all you're getting in Texas

631
00:58:43,720 --> 00:58:51,200
 and when you're realizing 1.6 million, almost 1.7. So to your point, all of these are Tom.

632
00:58:51,200 --> 00:58:55,460
 You'll see it in the end notes. I'm reviewing it to make sure Denton Crossing's 180 payments

633
00:58:55,460 --> 00:59:08,680
 and with the eight 20 report, which will be paid in nine 20.

634
00:59:08,680 --> 00:59:15,200
 Where I'm going with this is as these agreements go away, and we're splitting the money between

635
00:59:15,200 --> 00:59:22,200
 575 half and half or whatever. There has been some talk on establishing economic development

636
00:59:22,200 --> 00:59:27,000
 fund that we would be able to have money set aside for when big projects came in that we

637
00:59:27,000 --> 00:59:33,920
 could help immediately. And I don't see anything in our budget. Maybe it wouldn't be in this

638
00:59:33,920 --> 00:59:41,560
 budget or not, but I would like us to find a way that's easier for me to say that always

639
00:59:41,560 --> 00:59:49,400
 gets down to money but money set aside for an economic development fund to be able to

640
00:59:49,400 --> 00:59:51,520
 help with projects as it come up.

641
00:59:51,520 --> 00:59:57,920
 So, so a couple of things to that. So, so we do have an economic development fund that's

642
00:59:57,920 --> 01:00:04,720
 already established. We're taking $150,000 of mixed beverage taxes annually we're putting

643
01:00:04,720 --> 01:00:09,080
 over into an economic development fund. To date, that fund has about a million dollars

644
01:00:09,080 --> 01:00:14,080
 I think and we haven't been utilized yet so it's there. What you're what you're talking

645
01:00:14,080 --> 01:00:20,040
 about is something that that the city has discussed in the past I know the mayor had

646
01:00:20,040 --> 01:00:24,520
 been a proponent of that at one point. I will tell you that currently that's not something

647
01:00:24,520 --> 01:00:29,640
 that's that's on the radar it's certainly not something that we've been working towards.

648
01:00:29,640 --> 01:00:34,760
 And so you're exactly right as these economic development agreements drop off. Those expenses

649
01:00:34,760 --> 01:00:39,540
 are basically just going back into the general fund if you will, to pay for other things.

650
01:00:39,540 --> 01:00:44,600
 And so they're not being captured into a separate fund. Again, but if that's something

651
01:00:44,600 --> 01:00:49,200
 that this committee would like for us to consider we can certainly take that back. It just hasn't

652
01:00:49,200 --> 01:00:54,560
 been something that that the council has given us general consensus on to include in the

653
01:00:54,560 --> 01:00:55,560
 budget.

654
01:00:55,560 --> 01:01:05,280
 And I knew we had the fund but I didn't see since we're using the the beverage taxes didn't

655
01:01:05,280 --> 01:01:08,080
 come through this budget. So that's I guess that's what I was getting through. I don't

656
01:01:08,080 --> 01:01:11,400
 there's nothing in here. If we're sitting inside money for economic development, you

657
01:01:11,400 --> 01:01:17,240
 would think you would come through this budget. And I don't care how we do it. It seems like

658
01:01:17,240 --> 01:01:22,600
 it matches up better if it's if you could tie we're setting aside money from a previous

659
01:01:22,600 --> 01:01:28,320
 ever warm tax abatement or 380 agreement. When that goes away, some of that maybe goes

660
01:01:28,320 --> 01:01:32,380
 starts going into that fund and we're not missing it. Easy for me to say because you

661
01:01:32,380 --> 01:01:35,680
 guys have a lot more things to worry about.

662
01:01:35,680 --> 01:01:41,000
 And we didn't and we didn't bring that particular budget, if you will, to this board. But we

663
01:01:41,000 --> 01:01:44,480
 can certainly start doing that going forward. If it's something that you're truly interested

664
01:01:44,480 --> 01:01:49,760
 in at this point, we've not had any project that we've identified other than you know,

665
01:01:49,760 --> 01:01:54,080
 we were talking about the Sally beauty project and it was an item that came through on that

666
01:01:54,080 --> 01:01:58,440
 that we were thinking about potentially utilizing that. But again, that that particular project

667
01:01:58,440 --> 01:02:03,840
 went away. And so so that's no harm for consideration. But that fund is currently there and there's

668
01:02:03,840 --> 01:02:08,440
 nothing program for it. We don't we're not making any recommendation this coming fiscal

669
01:02:08,440 --> 01:02:13,240
 year to utilize any of those funds. But again, at any point, if there is a project that there's

670
01:02:13,240 --> 01:02:17,160
 an interest to use that on a specific project, it's there and we just have to amend that

671
01:02:17,160 --> 01:02:22,240
 budget. So we would like to come to this board for a recommendation, go back to the council.

672
01:02:22,240 --> 01:02:32,560
 So piggybacking off of what my colleague here said, if we're getting some some monies, what

673
01:02:32,560 --> 01:02:38,600
 is the game plan for, you know, right now you've got mixed use. But if we're eventually

674
01:02:38,600 --> 01:02:43,420
 going to get 100%, can we not increase that amount? What is that? What does that number

675
01:02:43,420 --> 01:02:49,720
 come from? Well, I guess what I would like for us to see that and I'm talking in general

676
01:02:49,720 --> 01:02:56,280
 terms to the city is to formally say we would like I mean, we have an economic development

677
01:02:56,280 --> 01:03:03,200
 fund, I don't I don't know if we this board hasn't made a recommendation is there. So

678
01:03:03,200 --> 01:03:11,360
 how much are we trying to get? We've stopped at $5 million, $10 million, $1 million of

679
01:03:11,360 --> 01:03:16,600
 wheat is this board is this board said, we want to put money from whatever sources into

680
01:03:16,600 --> 01:03:21,800
 an economic development fund until it gets to x and the city council has said yes, we

681
01:03:21,800 --> 01:03:27,880
 agree with that. I think I think at this point, if the if the board wants to make a recommendation

682
01:03:27,880 --> 01:03:35,280
 that staff take to the council, something like what you described, we can certainly

683
01:03:35,280 --> 01:03:41,280
 take that back to the council as part of this upcoming budget process. Again, that'll probably

684
01:03:41,280 --> 01:03:47,920
 be in the form of a supplemental request that will then have to look at how that ranks with

685
01:03:47,920 --> 01:03:54,000
 all the other priorities that the city has has has identified. What I'm trying to what

686
01:03:54,000 --> 01:04:01,600
 I'm trying to establish is a formal policy from this board and the city that says we

687
01:04:01,600 --> 01:04:07,680
 would like to have an economic development fund with an amount of money that can be tied

688
01:04:07,680 --> 01:04:11,720
 to probably numerous things. But once we get there, that's all we're going to keep that

689
01:04:11,720 --> 01:04:17,880
 maybe $100,000 or $10 million, whatever city wants, or we all agree that thinks is enough

690
01:04:17,880 --> 01:04:25,040
 money. Second to that is how do we fund that so is it $150,000 a year out of general budget

691
01:04:25,040 --> 01:04:32,360
 or do we want to tie it to expiring contracts or however do that I just think a big discussion

692
01:04:32,360 --> 01:04:37,820
 on here's how we want to have this much money in a fund to help with the things like Sally

693
01:04:37,820 --> 01:04:42,880
 Beauty and how do we get there and have a formal plan that we can have a discussion

694
01:04:42,880 --> 01:04:47,560
 on pass it on to city council and that probably didn't happen this year. But you know, where

695
01:04:47,560 --> 01:04:53,520
 do we get there and then let them discuss that that's what I'm asking. Yeah, so, Gerard,

696
01:04:53,520 --> 01:05:00,360
 the board member, thanks. Again, because I buy it for Kate, the two makes me crazy. And

697
01:05:00,360 --> 01:05:09,360
 that's why I try not to say anything, but I can't take it. So I absolutely am trending

698
01:05:09,360 --> 01:05:14,360
 with you, but for the limit, right, the limit throws me off a bit what that number is, I

699
01:05:14,360 --> 01:05:19,040
 think if you have the account and have it grow until and then I think what's the trigger

700
01:05:19,040 --> 01:05:23,960
 for that right to what's the activation and I think at that point you I would lean on

701
01:05:23,960 --> 01:05:29,280
 Adam and the chamber to say hey, here's this opportunity. And here's what we're looking

702
01:05:29,280 --> 01:05:34,760
 to activate. And here's what it would take what do we have and kind of a meeting of the

703
01:05:34,760 --> 01:05:41,080
 mind. So I would see that fun growing exponentially until there's a trigger from and I'd say maybe

704
01:05:41,080 --> 01:05:47,320
 it's a three person thing. It's our four let's say it's city staff kind of economic development.

705
01:05:47,320 --> 01:05:54,640
 It's Adam, it's the chamber and some representative of the so maybe the mayor. And so those kind

706
01:05:54,640 --> 01:05:59,040
 of heads get together and say yes, this is worthy. Here's the number that goes to that

707
01:05:59,040 --> 01:06:03,240
 and then run it through the system. So that kind of hierarchy triggers it and then it

708
01:06:03,240 --> 01:06:07,960
 runs through the system to get get approvals is what I envisioned just based on on your

709
01:06:07,960 --> 01:06:12,720
 question and then I also see an influx of money coming that I'm going to push hard for

710
01:06:12,720 --> 01:06:18,320
 the other Gerard the City Council Gerard is going to look for is from DCTA. So you understand

711
01:06:18,320 --> 01:06:23,400
 I understand we're paying them $14 million a year $13 million a year and I expect some

712
01:06:23,400 --> 01:06:26,800
 of that to come back because one they're not using it they're sitting on it to we're going

713
01:06:26,800 --> 01:06:31,640
 to have new members coming in and they're going to have to then pay in so that pay in

714
01:06:31,640 --> 01:06:38,960
 can subsidize some other costs and so I I think that that fund you target I and I envision

715
01:06:38,960 --> 01:06:46,740
 trying to press to get some of that 13 $14 million a year past three or four years back

716
01:06:46,740 --> 01:06:51,000
 and and what a better that's a great place to put it so that we can continue to grow

717
01:06:51,000 --> 01:06:55,880
 our community. Yeah, I just think I'd like to have a line item for us to have these kind

718
01:06:55,880 --> 01:07:05,040
 of discussions and I know a agenda item for us knowing that we're just a recommending

719
01:07:05,040 --> 01:07:08,600
 board and you guys have to figure out how to pay for it and where all the money comes

720
01:07:08,600 --> 01:07:14,360
 from but I think it would be good and I just put a cap because if we say we're going to

721
01:07:14,360 --> 01:07:18,360
 do whatever and it keeps growing and growing and growing at some point somebody says hey

722
01:07:18,360 --> 01:07:22,560
 there's too much money in there why aren't we spending that on new fire stations or whatever

723
01:07:22,560 --> 01:07:28,680
 the deal is so I under I'm just trying to say I understand your limitations as council

724
01:07:28,680 --> 01:07:34,440
 members that we just can't keep growing growing growing money over like the tree funds you

725
01:07:34,440 --> 01:07:40,520
 know was come up as issues so it seems to me like we ought to have a formal plan to

726
01:07:40,520 --> 01:07:45,700
 establish a fund if we want to do that that recommendation would come from here with ideas

727
01:07:45,700 --> 01:07:54,760
 on how to fund it you know coming from from you guys yeah my question is since it's already

728
01:07:54,760 --> 01:08:00,240
 a fund and it already is existing with can we just transfer that or set up or have a

729
01:08:00,240 --> 01:08:06,480
 discussion on how that is accessible to us and what we can use it for can we can we just

730
01:08:06,480 --> 01:08:11,400
 work with what we have and keep building that fund but then have this board integrated into

731
01:08:11,400 --> 01:08:16,960
 it somehow what I would tell you is that so currently there is an ordinance the council

732
01:08:16,960 --> 01:08:23,520
 passed that that created that particular fund there there is no cap on it if you will so

733
01:08:23,520 --> 01:08:27,400
 so if you put a five million dollar cap on it then then it's going to be capped currently

734
01:08:27,400 --> 01:08:31,240
 it's an unlimited cap you know and so that was that would be the only thing so what we

735
01:08:31,240 --> 01:08:35,680
 could do is for your next meeting in July we could bring back to you just the status

736
01:08:35,680 --> 01:08:40,200
 and the history of that particular fund the other thing too that I'll mention is that

737
01:08:40,200 --> 01:08:46,000
 there are additional funds out there reserves in the water and wastewater fund for development

738
01:08:46,000 --> 01:08:51,120
 plan lines and there's a million dollars in water a million dollars in wastewater that

739
01:08:51,120 --> 01:08:55,680
 are also available we can bring you back that kind of information as well because that again

740
01:08:55,680 --> 01:08:59,480
 talking about that economic development toolbox those are tools that are there as well that

741
01:08:59,480 --> 01:09:04,240
 maybe hasn't always been very clear to folks and we can bring you back that kind of information

742
01:09:04,240 --> 01:09:05,240
 as well.

743
01:09:05,240 --> 01:09:13,560
 Tools I guess I'm asking us to more formalize you know if some say we spend a million dollars

744
01:09:13,560 --> 01:09:17,960
 on something how do we get that back in there and what's the mechanism to do that maybe

745
01:09:17,960 --> 01:09:21,520
 next year we don't have the funds to do it so with now we don't have it down the road

746
01:09:21,520 --> 01:09:29,600
 so just a more formal discussion of how that we want to have that and how we get there

747
01:09:29,600 --> 01:09:40,280
 and the comment that Mr. Hutzbit made is exactly right and so there could be in the future

748
01:09:40,280 --> 01:09:47,260
 money that come back to the city from the CTA through an ELAP program those ELAP funds

749
01:09:47,260 --> 01:09:52,040
 are very specific and will be used on street related improvements but there's monies that

750
01:09:52,040 --> 01:09:56,640
 the general fund is now it's an accounting and so there's monies now that are being

751
01:09:56,640 --> 01:10:01,960
 transferred to the streets from the general fund that could be supplanted with ELAP funds

752
01:10:01,960 --> 01:10:05,960
 and then therefore those general fund dollars could go to do exactly what you're talking

753
01:10:05,960 --> 01:10:06,960
 about.

754
01:10:06,960 --> 01:10:09,800
 I think this is what Mr. Hutzbit is kind of referring to so.

755
01:10:09,800 --> 01:10:13,920
 You guys have to figure out how to fund it I think we make a recommendation as we would

756
01:10:13,920 --> 01:10:20,800
 like to have it we would like to have X amount of money or set aside money and just more

757
01:10:20,800 --> 01:10:23,800
 of a formal recommendation.

758
01:10:23,800 --> 01:10:28,920
 But I see there's two parts I do think that yes I'd like to see it come back and just

759
01:10:28,920 --> 01:10:31,160
 kind of understand what we have part one.

760
01:10:31,160 --> 01:10:36,160
 Part two I think it is a trigger but I don't I think to avoid exactly what you touched

761
01:10:36,160 --> 01:10:42,000
 on as far as fire getting diverted to fire departments or the fund growing I think there

762
01:10:42,000 --> 01:10:46,960
 needs it's a great discussion to have what triggers that so if you have something that

763
01:10:46,960 --> 01:10:52,840
 triggers outside of the political process which is absolutely brutal then I think it

764
01:10:52,840 --> 01:10:58,680
 helps right because then it's it's not something an elected official can trigger by themselves

765
01:10:58,680 --> 01:11:03,560
 it's this body that triggers it so it kind of takes that pressure off that political

766
01:11:03,560 --> 01:11:11,120
 process and politicizing the account and saying hey these these kind of key department heads

767
01:11:11,120 --> 01:11:17,480
 trigger where that goes probably is this board right well either way we need to memorialize

768
01:11:17,480 --> 01:11:25,200
 that to your point so that there is a process so that does remove that pressure to put it

769
01:11:25,200 --> 01:11:30,360
 to a fire station that that that particular councilperson says I can't trigger it but

770
01:11:30,360 --> 01:11:36,280
 for this board taking action and so then that that brings interested parties to this board

771
01:11:36,280 --> 01:11:40,680
 to make their pitch and removes that from from the other arena.

772
01:11:40,680 --> 01:11:45,400
 I think it's a great point I just think there it needs to be crafted well.

773
01:11:45,400 --> 01:11:53,440
 Mr. Chairman, quick comment I've always felt like we as a as a city have been at somewhat

774
01:11:53,440 --> 01:11:59,560
 of a disadvantage because you know we haven't had the resources like a lot of our competition

775
01:11:59,560 --> 01:12:04,480
 and obviously we've talked about a economic development sales tax before that didn't happen

776
01:12:04,480 --> 01:12:11,800
 it's probably not going to happen but I definitely believe that we need something that along

777
01:12:11,800 --> 01:12:17,600
 the lines that you've talked about to have at our resource whether it's incentives whether

778
01:12:17,600 --> 01:12:23,040
 it's corridor improvements whatever that looks like from an economic development improvement

779
01:12:23,040 --> 01:12:28,840
 standpoint so I think that's a great suggestion however that may work out in the long term

780
01:12:28,840 --> 01:12:34,560
 but I think that would really give us more ammunition and more opportunities to to develop

781
01:12:34,560 --> 01:12:37,280
 our economic system.

782
01:12:37,280 --> 01:12:43,400
 Thinking community if we were able to get a history of where we're at now I guess my

783
01:12:43,400 --> 01:12:49,240
 when I say cap I'm always saying goal we want to have this much money in the fund at all

784
01:12:49,240 --> 01:12:55,120
 times and so if we get to that point and then they an opportunity comes and we spend some

785
01:12:55,120 --> 01:12:59,840
 money how do we get back to that point and the city is formally recognized that we want

786
01:12:59,840 --> 01:13:06,280
 to be at this point wherever that is we can discuss about so a little bit of a sidetrack

787
01:13:06,280 --> 01:13:11,400
 only just to get back to there's no there was no funding in our budget to fund that

788
01:13:11,400 --> 01:13:14,880
 but that's coming out of a different budget so we can certainly bring back to the board

789
01:13:14,880 --> 01:13:18,280
 the that particular fund that we can have those discussions with you exactly what you're

790
01:13:18,280 --> 01:13:22,900
 referencing exactly what we do with the development plan lines if they're utilized over a period

791
01:13:22,900 --> 01:13:27,200
 of time but it's a five-year period they have to be replenished and so that would be kind

792
01:13:27,200 --> 01:13:31,160
 of the same kind of policy that you that you may be referring to that we can look at yeah

793
01:13:31,160 --> 01:13:38,400
 I think that would be great any do you have anything else to talk about on the budget

794
01:13:38,400 --> 01:13:44,760
 that we haven't talked about the last item would just be that we did enter in a completed

795
01:13:44,760 --> 01:13:49,960
 supplemental request for a comprehensive five-year economic development strategic plan certainly

796
01:13:49,960 --> 01:13:54,880
 any type of funding mechanism and in any type of innovative incentive would be a part of

797
01:13:54,880 --> 01:13:59,240
 that discussion the number that you see there is a little bit scarier than the number we're

798
01:13:59,240 --> 01:14:05,160
 actually going to take forward I've been calling other communities trying to get a better handle

799
01:14:05,160 --> 01:14:10,920
 on with the scope that we're proposing about how much would it cost and I think it's actually

800
01:14:10,920 --> 01:14:16,240
 going to be closer to the 100 to 150 thousand dollar range so that's actually we're going

801
01:14:16,240 --> 01:14:22,320
 to make that adjustment prior to taking it to City Council but the scope certainly at

802
01:14:22,320 --> 01:14:25,920
 this point is only preliminary and it's something we would bring back to the board to better

803
01:14:25,920 --> 01:14:32,920
 define but it's taking a comprehensive look at what are we doing and what is our goal

804
01:14:32,920 --> 01:14:41,480
 everything from labor markets workforce development in incentives but certainly how does the economic

805
01:14:41,480 --> 01:14:46,480
 development partnership leverage the tools that are at our disposal to get the type of

806
01:14:46,480 --> 01:14:52,600
 development that we need or what areas can we leverage what are our advantages what are

807
01:14:52,600 --> 01:14:57,880
 our disadvantages making sure that we're fully aware of what can we offer that other

808
01:14:57,880 --> 01:15:03,940
 communities can't and what are they offering that we need to offer and that's generally

809
01:15:03,940 --> 01:15:12,200
 the scope at this point and that's all I have on my budget unfortunately I think the chamber

810
01:15:12,200 --> 01:15:22,720
 still has any other questions yours is a lot larger you may have any other questions for

811
01:15:22,720 --> 01:15:43,640
 Jessica okay thank you Adam you're up well board members I'll try to keep mine a little

812
01:15:43,640 --> 01:15:52,440
 quicker and painless it's not as detailed as hers as theirs was goals and accomplishments

813
01:15:52,440 --> 01:15:58,280
 for the 18 19 fiscal year we fulfilled all the deliverables in the city chamber economic

814
01:15:58,280 --> 01:16:04,880
 development contract at this date and time or as of May 31st we we were at 49 prospects

815
01:16:04,880 --> 01:16:10,120
 with eight site visits from eight different companies the the city contract goals were

816
01:16:10,120 --> 01:16:14,480
 for to hit 42 prospects and seven site visits so we still have four months left in fiscal

817
01:16:14,480 --> 01:16:19,880
 year you see we're already ahead of those numbers and we are gonna definitely exceed

818
01:16:19,880 --> 01:16:26,560
 those expectations at those eight site visits we've landed two products currently Tyson

819
01:16:26,560 --> 01:16:31,280
 Foods and spec building materials Tyson Foods was the project a couple months ago it's gonna

820
01:16:31,280 --> 01:16:36,520
 be a hundred new jobs at 20 I'm gonna cut you short here I want to talk about the budget

821
01:16:36,520 --> 01:16:40,680
 okay you've already gone through okay we've talked about it's all great information I

822
01:16:40,680 --> 01:16:47,320
 want to get down to the numbers I'm not trying to yeah you'll have this in your backup so

823
01:16:47,320 --> 01:16:51,760
 if you have any questions I'm gonna that's okay with everybody we he gave us kind of

824
01:16:51,760 --> 01:17:00,400
 an update on so we're beating all the all the page views and social media is all everything's

825
01:17:00,400 --> 01:17:11,280
 good so I'll skip forward if you have any questions feel free to call or email the budgets

826
01:17:11,280 --> 01:17:16,200
 remain flat over the last three budget cycles we're requesting the same amount as I'm not

827
01:17:16,200 --> 01:17:21,480
 respectfully you okay I don't want you to get upset but I'm doing that I'm not okay

828
01:17:21,480 --> 01:17:28,640
 absolutely you want me to skip straight to this page this is the requested budget from

829
01:17:28,640 --> 01:17:35,960
 the city 238,836 we keep 75,000 budgeted out of a private account two separate bank accounts

830
01:17:35,960 --> 01:17:44,360
 that we keep through the chamber here's the budget proposed for 2019-20 you can see the

831
01:17:44,360 --> 01:17:55,160
 changes from the prior 18-19 budget year personnel services up slightly under retirement went

832
01:17:55,160 --> 01:18:03,880
 up 3% our auditor went up went up slightly we asked for more in professional development

833
01:18:03,880 --> 01:18:08,160
 services training or that we didn't ask for more that line item just barely changed mainly

834
01:18:08,160 --> 01:18:14,840
 because I'm doing all the TDCs now versus just to because I'm on that team Texas board

835
01:18:14,840 --> 01:18:28,120
 so total dollars requesters 238,836 same as the previous two years one question for you

836
01:18:28,120 --> 01:18:37,000
 Adam yes oh I'm sorry give personal services how many people is that working to full-time

837
01:18:37,000 --> 01:18:45,120
 staff people myself vice president and Karen bunker and does this does this budget go through

838
01:18:45,120 --> 01:18:53,320
 another board check the Chamber of Commerce for yes and once again this does this account

839
01:18:53,320 --> 01:18:57,200
 is kept completely separate from the chamber there's no flow through or anything like that

840
01:18:57,200 --> 01:19:07,520
 so we keep two separate bank accounts from the chambers in the CBBs bank accounts I guess

841
01:19:07,520 --> 01:19:13,920
 my only question Adam was it is it realistic to keep it the same as they're not our people

842
01:19:13,920 --> 01:19:18,960
 you know well you know we can do more with more dollars but we are increasing our private

843
01:19:18,960 --> 01:19:26,080
 budget as well so we did raise five new investors this year increased by 7,000 so we are doing

844
01:19:26,080 --> 01:19:35,880
 more on the private side okay all right thank you sure unless I'm missing something we haven't

845
01:19:35,880 --> 01:19:41,120
 seen this at the chamber board yet no we have not okay it hasn't been approved it will come

846
01:19:41,120 --> 01:19:46,800
 to the next week's board meeting I apologize for that's the way right yeah so there we'll

847
01:19:46,800 --> 01:19:52,760
 have a pretty thorough discussion on that or anything else correct I'll present the

848
01:19:52,760 --> 01:20:05,360
 same exact thing we've got the reach slide individually at that chamber board meeting

849
01:20:05,360 --> 01:20:11,280
 well a lot of huge changes I didn't and I didn't mean to talk about some stuff we talked

850
01:20:11,280 --> 01:20:17,200
 about earlier yeah I was trying to report keep up with everything so if somebody wants

851
01:20:17,200 --> 01:20:26,980
 to revisit any of that or has any questions on anything please speak up and I'll also

852
01:20:26,980 --> 01:20:30,560
 give you a little bit of an insight sort of of what our process in Eric and Adam and I

853
01:20:30,560 --> 01:20:34,240
 have kind of talked through this and we're just kind of following the process that this

854
01:20:34,240 --> 01:20:40,260
 board has taken in the past and that in July we would bring forward the draft contract

855
01:20:40,260 --> 01:20:46,480
 to this board between the city and the chamber and then that would be going to council either

856
01:20:46,480 --> 01:20:52,620
 later in July following that meeting or early August depending on the council schedule to

857
01:20:52,620 --> 01:20:57,480
 formalize this so that once this budget is approved of course by the chamber board it

858
01:20:57,480 --> 01:21:08,400
 would be this board will see it again is what I'm saying but in the perspective of the contract

859
01:21:08,400 --> 01:21:13,960
 you don't want to go to the advanced manufacturing expo we kept that we kept that one on there

860
01:21:13,960 --> 01:21:18,360
 it's uh we'll do it as part of team texas we uh we're doing a marketing package through

861
01:21:18,360 --> 01:21:22,440
 team texas that allows us for trips with them and now so we're going to the expo they have

862
01:21:22,440 --> 01:21:26,720
 a booth there as well as appointment setting the council have 10 pre-scheduled appointments

863
01:21:26,720 --> 01:21:32,440
 but you didn't budget for it what did you do in the past oh at a private uh through

864
01:21:32,440 --> 01:21:37,240
 team texas so we didn't put a specific an exact line item for that particular show but

865
01:21:37,240 --> 01:21:50,560
 we are going to do that one with team texas any comments questions on the chamber's part

866
01:21:50,560 --> 01:21:58,520
 of the budget that the city helps fund there's one last question on the small business development

867
01:21:58,520 --> 01:22:07,840
 center is that still nctc or is that um yes okay yes that's still the eleven thousand

868
01:22:07,840 --> 01:22:11,560
 dollars to pay for them to have a person here at the chamber office running the small business

869
01:22:11,560 --> 01:22:16,760
 development and how frequently i mean how many hours does that cover i mean if that

870
01:22:16,760 --> 01:22:22,440
 was increased would it cover more hours or um i don't have an exact number on the hours

871
01:22:22,440 --> 01:22:27,480
 i mean they they can give us a full report also that we can send to all of you on uh

872
01:22:27,480 --> 01:22:32,000
 the amount of loans and dollar amounts that they've uh fulfilled through their throughout

873
01:22:32,000 --> 01:22:36,320
 the year um typically they work a standard 40 hours a week i mean that's a full-time

874
01:22:36,320 --> 01:22:51,120
 job it's a full-time person here at our office yeah officer okay so i did two two half days

875
01:22:51,120 --> 01:22:56,360
 in gainsville and uh in carenth and then four days here they're working the standard 40

876
01:22:56,360 --> 01:23:00,160
 hours a week and they're constantly bringing in people they have their own meetings and

877
01:23:00,160 --> 01:23:04,400
 we can get you a full report on uh the loan amounts and and those numbers if you want

878
01:23:04,400 --> 01:23:11,000
 them who is the individual that's the advisor for sbdc right now uh brad bunt is the director

879
01:23:11,000 --> 01:23:19,280
 um brit i can't remember his last name how you pronounce it it's hard yeah he's the one

880
01:23:19,280 --> 01:23:22,560
 that's in our in our office full-time and then brad bunt's the director the regional

881
01:23:22,560 --> 01:23:26,680
 director and he'll come up here the regional is up in gamesville is it not i think he's

882
01:23:26,680 --> 01:23:30,160
 in he's in carenth he's in carenth uh-huh and he typically comes into our office one

883
01:23:30,160 --> 01:23:34,360
 day a week just to meet with to meet with bread and i'm needing to make some referrals

884
01:23:34,360 --> 01:23:38,400
 that's why i needed to oh good that place yeah yeah i'll get you some contact information

885
01:23:38,400 --> 01:23:47,280
 all right anybody else have any questions on the chamber's portion of the budget so

886
01:23:47,280 --> 01:23:53,000
 still has to go to the chamber board for approval yes sir is there anything that i cut you off

887
01:23:53,000 --> 01:24:01,200
 on that you didn't get to say that you wanted to say uh i think i'm good yeah thanks all

888
01:24:01,200 --> 01:24:13,360
 right we get to hear an awesome update on uh edp 19-032 hold the report proceed report

889
01:24:13,360 --> 01:24:26,400
 hold discussion give staff direction regarding the business awards breakfast michelle cunning

890
01:24:26,400 --> 01:24:31,640
 hand the board at their last meeting determined they would like to present both a small business

891
01:24:31,640 --> 01:24:37,320
 award and a larger business award at the september 20th mayor council breakfast over the next

892
01:24:37,320 --> 01:24:43,080
 two months you have an opportunity both at this meeting and the july meeting to nominate

893
01:24:43,080 --> 01:24:49,160
 companies and so i've already received indication from one board member that they would like

894
01:24:49,160 --> 01:24:57,360
 to nominate embassy suites as a uh a nominee for the large business award the way the process

895
01:24:57,360 --> 01:25:03,080
 works for those of you that are new is that staff researches the companies that you nominate

896
01:25:03,080 --> 01:25:10,120
 and those are presented back to you for your decision based on that matrix that is in place

897
01:25:10,120 --> 01:25:14,960
 and it's in your backup for both the large and small businesses so basically you are

898
01:25:14,960 --> 01:25:19,920
 given a grid with that information answered for each of the companies that you nominate

899
01:25:19,920 --> 01:25:28,700
 and that way you're able to determine a business award recipient so small businesses less than

900
01:25:28,700 --> 01:25:39,000
 100 employees yes sir for our purposes and so does anyone have nominees that they'd like

901
01:25:39,000 --> 01:25:44,720
 to recommend for either category and certainly don't feel obligated this will be on the july

902
01:25:44,720 --> 01:25:50,000
 agenda as well so if you want to use the next month to think about it and we can send out

903
01:25:50,000 --> 01:25:56,240
 a reminder as well prior to that meeting a question about the criteria um does that have

904
01:25:56,240 --> 01:26:00,840
 someone in mind for the small business but every single line isn't checked does every

905
01:26:00,840 --> 01:26:05,200
 single line have to be checked before that person can be considered no and that's a great

906
01:26:05,200 --> 01:26:10,240
 question it does not have to be the reason there are that many categories is some people

907
01:26:10,240 --> 01:26:14,800
 fit a little bit better just determined by the kind of business they are even the size

908
01:26:14,800 --> 01:26:19,360
 i mean you could have a one person or two person business that you might want to nominate

909
01:26:19,360 --> 01:26:23,960
 simply because of the ways that they're engaged in the community or their concept or you know

910
01:26:23,960 --> 01:26:33,480
 whatever reason versus somebody who's maybe 99 employees so no okay well i actually had

911
01:26:33,480 --> 01:26:40,440
 an embassy as the large um business as well and then i would like to offer for the small

912
01:26:40,440 --> 01:26:47,360
 business um dan silverleaf um for me they've been a dentin staple for over 20 years bringing

913
01:26:47,360 --> 01:26:52,360
 music and art uh to the community and every location they've been in they've been able

914
01:26:52,360 --> 01:26:59,880
 to revitalize um the area downtown um and so that is just somebody i want to and every

915
01:26:59,880 --> 01:27:06,960
 time somebody needs his business for a fundraiser or charity stores are open so i think i'm

916
01:27:06,960 --> 01:27:15,440
 gonna have to do some more research yes before i can vote on that give me you got to visit

917
01:27:15,440 --> 01:27:27,280
 is that what it means i think also i've not been to the new location but the fact that

918
01:27:27,280 --> 01:27:32,280
 they have a new location and just kind of their their presence uh downtown ish i'd like

919
01:27:32,280 --> 01:27:39,360
 to offer up steve's wine bar if it's not uh been offered up and and just because out of

920
01:27:39,360 --> 01:27:46,100
 absolute respect for primarily the uh their guacamole if you hadn't had it you have to

921
01:27:46,100 --> 01:27:55,920
 uh i'd like to nominate my alias alias help me out alias there we go my spanish needs

922
01:27:55,920 --> 01:28:02,480
 to be cleaned up a bit but yes i i think just one phenomenal location uh next outback steakhouse

923
01:28:02,480 --> 01:28:08,480
 and then to grow that be it the old piggly wiggly for those that know i mean so just

924
01:28:08,480 --> 01:28:15,200
 a phenomenal uh institution and he's hanging with us as for what drive is being recreated

925
01:28:15,200 --> 01:28:25,920
 so i think they're doing uh outstanding you know gonna be a lot of things to talk about

926
01:28:25,920 --> 01:28:34,000
 be thinking next for next month yeah can we email you uh recommendations or jessica if

927
01:28:34,000 --> 01:28:38,040
 you have if you leave here thinking something i think that'd be great for us to take a look

928
01:28:38,040 --> 01:28:45,160
 at and so whose job is it to make sure they meet these criteria i will be researching

929
01:28:45,160 --> 01:28:49,720
 them and contacting people because i know this board is particularly interested in how

930
01:28:49,720 --> 01:28:56,000
 they're engaged in the community and so those things typically take some digging around

931
01:28:56,000 --> 01:29:00,280
 so if you have some ideas uh the sooner the better so that when we come back to our july

932
01:29:00,280 --> 01:29:03,480
 meeting we'll have some things to talk about right excellent thank you

933
01:29:07,000 --> 01:29:18,840
 all right uh item f edp 19 0 3 0 receive report hold discussion on our new dens cultural district

934
01:29:18,840 --> 01:29:26,280
 program and jessica will i'm going to do the very abbreviated version of this in the interest of time

935
01:29:31,320 --> 01:29:37,800
 so um cultural districts this is fun this is probably the 17th time i've done this

936
01:29:37,800 --> 01:29:41,400
 presentation and it might be the 16th time council member head spiff and bricks have

937
01:29:41,400 --> 01:29:47,480
 seen this presentation um so i'm sure they are very excited for this um cultural districts are

938
01:29:47,480 --> 01:29:53,720
 new to the city of denton um and i'm going to just kind of jump right in give the board i'm not going

939
01:29:53,720 --> 01:29:58,760
 to show the video and we'll talk about why uh but i promise i'll play it after the meeting for anyone

940
01:29:58,760 --> 01:30:04,280
 who wants to linger there's a five minute video associated with our application and again for the

941
01:30:04,280 --> 01:30:09,320
 sake of time for anyone who needs to get somewhere i'm not going to use that five minutes of the

942
01:30:09,320 --> 01:30:14,840
 board's time but cultural districts are defined geographic areas that celebrate arts culture

943
01:30:14,840 --> 01:30:21,960
 entertainment history and they're formed around existing cultural assets assets can be anything

944
01:30:21,960 --> 01:30:30,760
 from parks to special events arts um music venues restaurants bars you name it districts exist around

945
01:30:30,760 --> 01:30:36,920
 all types of assets um in in denton we have no shortage of cultural assets we have pages upon

946
01:30:36,920 --> 01:30:44,360
 pages of cultural asset lists um and we have some unique ones that incorporate architecture and

947
01:30:44,360 --> 01:30:52,840
 history parks and historic sites we have moved forward city council designated an area the area

948
01:30:52,840 --> 01:30:58,200
 that i talked about in your in your packet on the map as a local cultural district and we are going

949
01:30:58,200 --> 01:31:04,360
 to be making an application to the state i'm going to jump through this this is the area as well for

950
01:31:04,360 --> 01:31:11,960
 reference this is bradshaw street so how far it goes to the east um we'll be making an application

951
01:31:11,960 --> 01:31:19,240
 to the state for a state designation as well so once we get that designation i'm confident we're

952
01:31:19,240 --> 01:31:23,960
 going to get it again i get to send off that application today it makes us eligible for grant

953
01:31:23,960 --> 01:31:29,320
 funding through the texas commission on the arts and that funding can actually be used for any of

954
01:31:29,320 --> 01:31:35,400
 these items that you see listed up here it could be a physical enhancement of the district so

955
01:31:35,400 --> 01:31:41,960
 sidewalks lighting um something along that it could also be used for arts programming so it just has

956
01:31:41,960 --> 01:31:47,160
 to fit in one of those five categories um and districts all over the state have used uh this

957
01:31:47,160 --> 01:31:53,160
 for anything from performing arts centers to bringing in special exhibits um further enhancing

958
01:31:53,160 --> 01:31:59,080
 their marketing efforts um but really it's just a tool to to gain access to additional grant funding

959
01:31:59,080 --> 01:32:04,440
 to further leverage all of the wonderful things that are happening in in downtown denton and the

960
01:32:04,440 --> 01:32:11,000
 surrounding areas um we're really excited about the opportunity for that i will say one of the

961
01:32:11,000 --> 01:32:15,480
 elements of the application um that we'll move on to in a little bit um we'll talk about the

962
01:32:15,480 --> 01:32:19,800
 marketing dollars that are already spent a little bit of the history and we've been working on this

963
01:32:19,800 --> 01:32:25,640
 for over a year um back in february of 2018 was when council kind of gave the go-ahead so we're

964
01:32:25,640 --> 01:32:31,080
 certainly excited to be here in june a year and a half later and ready to submit that application

965
01:32:31,800 --> 01:32:36,360
 um the application to the state is pretty significant it had these nine sections

966
01:32:36,360 --> 01:32:43,080
 and that required attachment section is what makes up about 90 of the 95 pages of that backup that

967
01:32:43,080 --> 01:32:48,120
 you have um it was sort of one of those other duties as assigned type of sections where it was

968
01:32:48,120 --> 01:32:55,160
 more comprehensive um we did a cultural asset inventory as part of this this was really fun

969
01:32:55,160 --> 01:32:59,880
 we had to research what amenities were located in the defined district and one of the coolest

970
01:32:59,880 --> 01:33:06,920
 things that we uh got to see was um when we worked with dana in the cvb to get the number of visitors

971
01:33:06,920 --> 01:33:12,280
 that come to the district um i actually think the number is a little conservative uh i think dana

972
01:33:12,280 --> 01:33:17,480
 would agree that that only equates to about 2,700 people per day coming to the district um those are

973
01:33:17,480 --> 01:33:21,400
 sort of the direct numbers are reported i think that if we counted in people that might come from

974
01:33:21,400 --> 01:33:27,560
 within our community to the district that that number would be much higher um and then also that

975
01:33:27,560 --> 01:33:34,680
 we already spend about 2.2 million dollars in marketing businesses events um all different

976
01:33:34,680 --> 01:33:40,200
 sorts of things going on within the district so certainly the district can help increase that

977
01:33:40,200 --> 01:33:45,400
 and bring more visitors and certainly in terms of economic development supporting those businesses

978
01:33:45,400 --> 01:33:53,000
 in downtown so we had to complete different sections of the application there's some narrative

979
01:33:53,000 --> 01:33:59,800
 in there about um downtown and southeast ditten and its value in our community and what that means and

980
01:33:59,800 --> 01:34:04,760
 who we are as a community i always put up this picture it's my favorite we really this is a true

981
01:34:04,760 --> 01:34:09,880
 story we sent a photographer out for an hour and said capture the district and this was one of the

982
01:34:09,880 --> 01:34:14,120
 photos that came back and if there's nothing more at the ditten than this a musician with a guitar

983
01:34:14,120 --> 01:34:20,120
 and his back probably walking over to dance um along the arts walk of fame i thought that was just

984
01:34:20,120 --> 01:34:27,480
 such a unique thing to have happen little kismet um we had to as i said do the asset and amenity

985
01:34:27,480 --> 01:34:34,520
 inventory um on this page what you'll see is actually our mapping um that we did as well as

986
01:34:34,520 --> 01:34:39,000
 this is a screenshot of our asset inventory that's available on the district's website

987
01:34:39,000 --> 01:34:45,160
 um which is original dentondistrict.com we went through a planning process where we had to go

988
01:34:45,160 --> 01:34:51,080
 through a mission and vision statement again the the idea here is supporting um arts and cultural

989
01:34:51,080 --> 01:34:57,480
 development in downtown. Can you go back to the map? Sure. Does this district include the other

990
01:34:57,480 --> 01:35:03,480
 side of the streets on all those? Yes so we consider it we consider it a soft boundary so

991
01:35:03,480 --> 01:35:09,960
 we considered anything that has an address on those streets inclusive of the there's no legal

992
01:35:09,960 --> 01:35:16,120
 meets and bounds that define the district mac and i had that discussion there it's it's a soft

993
01:35:16,120 --> 01:35:20,120
 boundary it's saying here's what we kind of generally agree are the boundaries of the district

994
01:35:20,120 --> 01:35:24,760
 but yes the chamber office is right here

995
01:35:24,760 --> 01:35:35,080
 so again we went through a planning effort um this is sort of a timeline over the the last year and

996
01:35:35,080 --> 01:35:40,200
 a half that we've been working on um one of the cool things that we did we did a community art

997
01:35:40,200 --> 01:35:44,360
 project uh many of us got to spend a lot of time out at the community market and arts and jazz

998
01:35:44,360 --> 01:35:48,120
 talking to people about arts and culture and denton and what it means to them um and if you

999
01:35:48,120 --> 01:35:53,320
 go down the hallway you can actually see the art project and its final uh state and it was really

1000
01:35:53,320 --> 01:35:58,680
 fun and a great way to get to know people in the community and how they see art and how important

1001
01:35:58,680 --> 01:36:07,320
 it is um to denton um we did a lot of digital engagement we had well over um 13 000 engagements

1002
01:36:07,320 --> 01:36:12,600
 by the time that we were done in just over a month um so we were really excited about about that

1003
01:36:12,600 --> 01:36:19,240
 all right some of the general community comments this was feedback that was incorporated into the

1004
01:36:19,240 --> 01:36:24,440
 cultural district planning the goal here was just what does the community want this district to do

1005
01:36:24,440 --> 01:36:29,160
 this is going to be taken back through the public art committee council designated that body as the

1006
01:36:29,160 --> 01:36:35,240
 advisory body for the cultural district um we went through a marketing plan i have a five-year

1007
01:36:35,240 --> 01:36:41,320
 comprehensive marketing plan this is unique in that the marketing plan says a lot and a lot of

1008
01:36:41,320 --> 01:36:45,000
 it is leveraging the partnerships that we have so just like we talked about from the economic

1009
01:36:45,000 --> 01:36:49,720
 development perspective of we work with the chamber on this it's work how can we work with the cvb how

1010
01:36:49,720 --> 01:36:54,680
 can we work with the organizations that are already moving things forward to promote the district

1011
01:36:54,680 --> 01:37:00,200
 and then okay so the required attachments as i mentioned the audio visual sample there's a

1012
01:37:00,200 --> 01:37:05,160
 five-minute video if you haven't seen it um i will play it after the meeting for anyone who's left in

1013
01:37:05,160 --> 01:37:10,600
 the room um but it's one of a great representations of the city and it's had well over 8 000 views at

1014
01:37:10,600 --> 01:37:15,640
 this point so i know billy's listening billy's team put that together and it's amazing with dtv

1015
01:37:15,640 --> 01:37:20,760
 and we also had to put together a detailed cultural district plan and that's again what

1016
01:37:20,760 --> 01:37:26,120
 makes up a significant part of your backup and that lays out the work plan for the cultural

1017
01:37:26,120 --> 01:37:31,480
 district moving forward what are the next steps that we're going to take and what do we expect

1018
01:37:31,480 --> 01:37:37,960
 to kind of come out of that process and we're just really excited to to get the ball rolling

1019
01:37:37,960 --> 01:37:43,960
 with this and see what we can do to make art in denton even more supported and for this body

1020
01:37:43,960 --> 01:37:50,840
 certainly see how it can impact economic development in in that district so and that's pretty much it

1021
01:37:50,840 --> 01:37:55,800
 the rest of my presentation was related to the application which is going to have a bow tied on

1022
01:37:55,800 --> 01:38:02,120
 it later today so any questions

1023
01:38:02,120 --> 01:38:13,320
 thank you again um on this board for this board to know how hard that all the departments in the

1024
01:38:13,320 --> 01:38:18,600
 city worked and how hard you worked and you stepped in and you um you ran with it and you

1025
01:38:18,600 --> 01:38:23,000
 jumped in and i really appreciate thank you appreciate it it's a good presentation it's a

1026
01:38:23,000 --> 01:38:28,120
 giant project but i think it would be very beneficial to our city thank you

1027
01:38:28,120 --> 01:38:38,200
 any questions or comments it's a neat i've seen the video is pretty cool but you're able to show

1028
01:38:38,200 --> 01:38:42,440
 it after the meeting i will show it after the meeting for anyone who happens to linger in the

1029
01:38:43,320 --> 01:38:50,600
 as long as there's no discussion about all right any uh concluding items anybody wants to

1030
01:38:50,600 --> 01:38:57,480
 talk about or add to future agendas um did we establish a joint meeting date and time yet

1031
01:38:57,480 --> 01:39:02,760
 for city council so we tentatively talked about having it on september night um at the last

1032
01:39:02,760 --> 01:39:07,000
 meeting uh the consensus of the board was wait until you were available to make sure that that

1033
01:39:07,000 --> 01:39:14,520
 date was okay okay yes i know we talked about it earlier in the meeting but just for um concluding

1034
01:39:14,520 --> 01:39:20,920
 items that we have an item about the um fund the economic development fund come uh to us so that

1035
01:39:20,920 --> 01:39:28,120
 we can discuss it thank you when we just discussed it just wrapping it up in a pretty bow i don't

1036
01:39:28,120 --> 01:39:34,040
 know that it has to be next meeting necessarily but uh something to talk about thank you everyone

1037
01:39:34,040 --> 01:39:44,440
 for for being here and participating in the discussion and uh with that we're adjourned