Jul 10, 2019 Economic Development Partnership Board on 2019-07-10 11:00 AM

Good morning today is Wednesday July 10th at 1104 we're going to call the Economic Development Partnership Board together and my name is Marty Rivers the chair of the board and we're gonna start off a little bit out of order compared to what your agenda says this morning we're gonna start off with the item number I guess let her see the EDP 19-039 receive a report hold a discussion and make a recommendation regarding an incentive application for Tracks Corporation call Jessica up to give that presentation also before we get started I was asked to remind everybody if you're speaking to make sure we're speaking into the microphone and you want to make sure you are heard all the minutes so specifically pointed out Jill's being too quiet well good morning everyone and before I get started this morning I want to make sure that everyone knows we have a few special guests in the room that will be helping with the presentation this morning and so Craig Silver's who's the CEO of Tracks Corporation is here from California so we hope he's enjoying our very hot day and I think Kim will be probably doing the primary but Kim war with new new Mark Knight Frank as well as Erica and Gary who are here with the consultants as well so if if I can't answer something I'm positive that they can so let's get started so the first thing I'll do is go through a little bit of the background of the company at four tracks so they were founded in 2007 and their headquarters in Pomona California and their facility there includes both manufacturing research engineering distribution sales it's a fully integrated facility they are a leading manufacturer of floor installation products that are those are things like carpet seam tapes tack strips and I can tell you that's about the extent of my knowledge of flooring products but I'm glad we have mr. Silvers here to answer any follow-up questions if you have any on those and those products are sourced from all over the world but the company does maintain a made in America policy wherever possible so the project here in Denton they're looking at building a one hundred and fifty thousand square foot fully integrated facility very similar to their current facility they would be relocating their headquarters in manufacturing to Denton they would bring 90 full-time benefits eligible employees with the weighted average range of twenty four ninety seven and we'll come back to the wages in a few slides and the estimate as well as the investment dollars and the estimated investment for this project is about twenty seven million with it to offer a value add and about thirty four million when you count in inventory so the project and site that they are considering in Denton and is included in what is currently the ironwood business park the full site is about 86 total acres the site that tracks is looking at is about 10 acres the rest of this business park is being developed with speculative buildings and so you'll see on the next slide a preliminary site plan that we received from the developer and the ironwood group and so this is the ironwood site and I do apologize the last map is a little off scale the site looks much bigger but this is about 10 acres of the site as mentioned they are looking at a hundred and fifty thousand square foot partial climate controlled and this facility because of where it's located on the site would assist in bringing the developer and bringing the utilities and the needed infrastructure into the site and so it's a great catalyst project for this development and the site size is plenty to allow for building truck parking materials and that that they will need for their site so we're gonna switch gears just a little bit and talk about the current conditions and the proposed conditions for this project so the current conditions the property does currently have an agricultural exemption on it so as you can see it doesn't generate a lot of revenue for the city and its current state about $25 a year with 10 going into the tears and 15 going to this city generally and the proposed conditions based on some estimates on the site and the values provided by the company and the total valuation as I mentioned would be just under 27 million and with generating about $34,000 per year into the tours city we're getting a hundred and thirty two thousand and then the gross tax about a hundred and sixty six thousand that's a lot of numbers in a short amount of time so there are questions yes this would be one year thank you so we're anticipating improvements to be completed within one year in this amount so I believe the full build out is for end of 2020 yes I'm getting a head nod yes excuse me John Baines so as part of the application the applicant did submit wage data and these are just sort of averages based on the number of positions that you have but total payroll of just under 4.5 million and these would be the estimated hourly wages for each position and I'm gonna go into really the part that's important which is how that number relates to the requirements in the city's policy for abatements and that is that they are weighted average their average wage needs to exceed the county median and county average so here's the county average and county median and here's where their wages stack up both their average wage in their average weight in weighted average wage exceed those requirements so for the incentive they requested an abatement and additional incentives we're going to focus on the abatement first it will assist in offsetting the relocation and development costs of the property it also enables them to apply for Denton County tax abatements and to the Texas enterprise zone as you remember Denton County's policy is that they can't consider an abatement unless the municipality grants one first so we have been engaged in conversations with the county and they are certainly open and if the city does offer an incentive they would engage in conversations with this company as well so under the city's policy tracks does meet a few of our priority considerations business and community investment they are expanding the tax base and they are increasing jobs with wages above Denton County's average wage and median wage our city policy to call out sort of this was on the abatement side what they would qualify for and what they what considerations would qualify them for an abatement and they must create a minimum of five million as you saw they're create generating about 27 million in value so they exceed that they're also exceeding the higher paying jobs based on the established criteria of the average wage being above the county median wage they are relocating a national headquarters and then as they indicated in their application that they would be using 25% of local contractors and construction or 25% of the new jobs would be filled by Denton residents so for the abatement based on the information that we had and in the application we did an analysis based on valuation and how this project compared to other abatements that have been granted by the city so staff recommendation on this is a 40% tax abatement on business personal property for four years the reason that this incentive is only on the business personal property you'll remember probably from the Tyson discussion is this area is within the TURS so the land and improvement value is going into being captured by the TURS 40% of that and only 60% is going to the city and some quick numbers on this and I'll give you the full chart in just a slide but a hundred at this value for of this incentive is a hundred and twenty nine thousand to the company it would generate about a hundred and ninety three thousand in revenue on the remaining business personal property in that same four-year period in a ten-year period it would generate about six hundred and seventy seven five total revenue to this city on only on the business personal property and the cumulative revenue which has this fun formula down here sixty percent of land and improvements plus sixty percent of the business personal property during the period of abatement plus 100 percent of the business personal property tax revenue for the six years outside of the abatement would be a one point just under 1.2 million revenue to the city the TURS would benefit about three hundred and forty five thousand dollars over a ten-year period so that's where all of those numbers come from it's a fun chart as we typically do we we do a ten-year analysis to look at an apples-to-apples comparison of all of our projects with ten years being the most number of years that we could offer an abatement so we've broken it down here as you see here's the TURS fund getting its thirty four thousand per year the abatement on the business personal property which generates a hundred and twenty nine thousand for the company and then the city revenue which gets a little bit you know more fuzzy down here that's sixty percent going into the city every year that's not being captured by the TURS on the land and improvements the sixty percent that's not being abated right here and then there remain hundred percent when the abatement ends and that's the six hundred and seventy seven thousand we discussed cumulative revenue being one point two million sorry that was a lot so I want to make sure that everyone is comfortable with that analysis and John's giving me a smile I think that's good I do have a question please yes John Baines because I don't always remember tell me about the the the fact check on on these projections I know as a numbers guy sometimes they include a lot of blue sky for those of you for those of you're not familiar with that term a little fluff and so how are we doing when we're projecting these kinds of things when we go back and double check the projections versus the actual how do we how do we how we're looking on those so the numbers that we get are actually provided by the company what their estimated total valuation is what we do and have done in our abatement contracts is we actually include a clause about them maintaining a certain level of it that they have to reach that investment to trigger the abatement and then they have to maintain a certain level of investment to continue the abatement so that's where that check comes in so we also cap usually the abatements based on our estimates if they were to achieve this number our calculations pretty straightforward we would say with the account so if they invested more we would still cap the abatement at a certain dollar threshold so for example here we have one point one nine four as the cumulative city potential so and our fact-checking is that you know the procedure that we use to come up with this number do we go back and look at the projected versus the actual is this kind of projection yes yes every year as we're verifying the incentives we're tracking how much was actually generated by a project that gets reported in our net revenue report each year thank you for helping me remember because I don't always remember thank you okay so in addition to the abatement the company has also requested some consideration some additional incentives so the first would be a construction sales and use tax grant this is a fairly typical request we usually offer about 50% of the construction sales and use tax rebated granted back to the company for these types of projects as a consideration and they've also asked for nomination to the Texas Enterprise Zone program and I do have the value of those in just a few slides and then they've also asked for an additional grant or abatement on rollback taxes and those are when a property is being converted from an at removing its agricultural exemption it owes five years of back property taxes as if it was used for a higher use for this property the estimate is that would be just under $4,000 and then based on the estimated electric use they would not qualify for the economic growth rider if they did of course that's an automatic trigger so if they did generate we use one megawatt of energy that growth rider would automatically be triggered so I wanted to give you a quick comparison of the projects that we've had come forward recently just to give you some context of how we got to the numbers that we did so Tyson in US cold storage were the most to recent abatement requests that we received their investment levels are here for you Tyson at about 97 million total 50 million AV value US cold storage was about 34 million with 29 AV value US cold storage did not get an abatement they did qualify for the growth rider and they were given a construction sales and use tax grant Tyson qualified also for the economic growth rider they were given an abatement of 25% of business personal property for six years but they were not granted a construction sales and use tax grant they were nominated to the Texas enterprise zone program so as you can see here here's where tracks lines up with those any questions about that right so that pretty much sums up my portion of the presentation I'm all certainly let mr. Silvers or Craig answer any questions that you guys have but for you today for your discussion is to consider a tax abatement 40% on business personal property for a term of four years you could also recommend a different percentage or term of the tax abatement or you could recommend new abatement and then I'd also like to have the discussion and direction on the three additional incentive requests that have been made on behalf of the company I got a couple questions for you yes sir could you go back a couple slides there so our other discussion a lot of times you will come or staff will come with recommendations to do those so my question is why are you not recommending that or why is that not an option for us maybe maybe just a change this is my first one that I'm doing but my understand was to just seek direction from the board but I we would recommend consideration of all of those and on our so on the four-year 40% versus Tyson's six-year 25% the numbers or maybe eight or nine thousand dollars different but why are we doing it in a short higher percentage in a shorter amount of time so when we look at the percent being abated we look at it might be helpful when we get back to that slide so when we're looking at the percent being abated here we're actually looking at priority considerations how many boxes of those items are being checked out of the policy when we're looking at the term in years we're looking at the total investment so Tyson had fewer priority considerations but a larger investment tracks has a lower investment but more priority considerations that's not a hard and fast rule that's simply how the staff policy has been for conducting the evaluation thank you also have any questions for staff I do so I'm not in favor of the actual recommendation per se and I know that businesses are supposed to ask for incentives that's what they do it doesn't necessarily mean that we have to grant them but what I want to know is what is unique about this company because we have a lot of manufacturing jobs we're doing a lot of the same thing so what are they bringing to our community that is special I think for this project like I mentioned the there's a few of these priority considerations the city councils made it their policy or stated these items in their policies these are the types of companies that we want to have located in our community and consider for incentives higher paying jobs a national headquarters relocation and 25% of jobs filled by didn't residents or 25% of local consideration so those are the that's the direction that we have from council and so when we receive an application from a company that meets those considerations that meets those requirements that council has said this is what qualifies you for an incentive we would certainly want to bring that forward for consideration so I appreciate that I'm having an issue with 70 of 90 of the jobs below 50,000 a year we're doing a lot of studies on living wages and what it would take to have a good quality of life in Denton County and 50,000 is what it would take anything below that is considered you know borderline poverty for a family of four so if we're if we're looking at wanting to get higher paying jobs if it's just one individual out of college just makes you know okay sense but if it's somebody who is trying to support a family it doesn't so and I have a question for the company because there are let's get questions for Jessica first and then so people have to come back and forth to the microphone so I've got some questions to anybody else have any questions for Jessica all right we get somebody up who would you like if you wouldn't mind stating your name so we can get you on good morning I'm Craig Silvers I'm the CEO of tracks corporation and hi I'm Kim Warren I'm a senior managing director with Newmark night Frank so my questions are you're moving the headquarters are you relocating people from California to here we haven't offered relocation to people yet but we've talked you know to a handful of people and once once we've determined where we're going and what we're doing we'll offer relocation packages and state packages to the current employees are you shutting down the California moving to wherever moving moving someplace most of our headquarters that get credit for having an international or national headquarters and maybe you guys can help remind me but the repeater belts and Sally Beauty and there they have a pretty large component of office space and office staff and I hire paying jobs so do we have anybody else that is a manufacturer that is industrial space that we're counting as headquarters do you have how much of your space is office space versus right currently we have two locations we have a location in Pennsylvania just outside of Philadelphia and we have the Pomona location the current plan is to consolidate the Pennsylvania into wherever we relocate to so we have 130,000 feet in California and we have 38,000 feet in Pennsylvania Pennsylvania has eight employees and California has 90 so the consolidation would happen over probably the next 18 to 24 months and that of your trying to get the current the current office staff we have 12 people so are you gonna have 5,000 square foot of office higher costing nicer looking office space than all we're actually looking currently we have about 10,000 feet of office that has a training center or a lab but it's not you know we're not overrun with office staff it's it's a pretty lean operation all ahead Kiwi yeah so you kind of mentioned the 12 office staff I assume that those are the ones that make a hundred thousand or above on the list when I counted it equaled about our production people production facility managers those people are pretty highly compensated they're making you know maintenance guys production plant superintendent shipping receiving those guys are all making north of 60,000 a year I'm going by the list that's a hundred thousand and above so that's that's where I mean we're trying to get those higher paying jobs here into into the city do you have a residence requirement so if anybody that works at your facility they have to live within a certain distance from it no so they could live in you know Fort Worth or Flower Mound or okay thank you first off thank you for considering for your relocation a couple questions one why are you moving from California so it's interesting you know why secondly are you coming well I am coming okay right now 85% of our business is outside California okay so you know freight is probably the biggest driver secondarily it's just you know transiting you know we have a plant in Pennsylvania to service the East Coast because it's a 10-day transit time so we we have the dominant market share in our business segment we have a manufacturing plant in China you know so we're trying to balance you know where do we manufacture where are we most efficient and you know trying to remain efficient and ship 85% of our product outside of California we're paying it to a lot of other people and you know we could we could be retaining that so it just makes sense you know we've looked at it for the last seven years and finally it's it's just time to do it so one other quick question what is your philosophy your personal philosophy your company's philosophy on involving the community supporting the community things like that you encourage that with your employees and staff yeah that little bit for us well we're acting on until about 10 years ago I was active in Rotary and did all that I have five kids and you know they were all active in youth sports and we support the local Little League teams and soccer teams and youth camps and you know it's it's all part of one I had several questions once again thank you for coming and considering Denton my question is this how many other locations are under consideration currently we've we've focused on Denton we're trying to see if this if we can get this done we looked at a couple other sites in the greater Dallas Metro but the bulk of our freight moves JB hunt over the BNSF rail so proximity to those rail hubs is important the farther you get away from them you know it's that's kind of what drives our business as a small business owner I'm always interested in and when people come to my office I always ask them how did you find us so I'll know how to continue to spend my money so how did you find it tell us about that process this was a national search to start so we were considering other locations outside of Texas then we started zeroing in on the DFW Metroplex and had three locations within the Metroplex that we were looking at we provided a labor study to help figure out where best suited it would be to actually pull in the type of labor that he would be pursuing and with that we started looking more and more towards the north here in Denton so that's kind of how it came to pass but we did look at others outside the state they're actually very prominent in the industry that that he focuses in and it also has a lot to do with where do I want to live the senior management relocate where were we gonna live sulfur springs made us a great presentation so you would live here in Denton then I'd live some place close I'm just curious if the because I did check on the the pollution and the permitting and that didn't seem to be a concern there was zero pollution but does the is there a smell from the glues or anything that you okay thank you how you envision having a significant relationship with universities here so we have two universities here with and so can you elaborate on how you envision that not everybody is going to have an office job and we have good paying mechanically inclined jobs so we spent money with the alexidius school and it's part of the fair LA County fairgrounds where they're training young people to work with their hands and work on cars and that kind of stuff and that translates over into the mechanical stuff we were in the middle of an automation project with robotics and that kind of stuff and it's hard to find people that are they're trained with those kinds of skills so that's that's really you know the the new kind of modern robotics and automation isn't in my opinion is not very well taught everybody's of the mindset that they need to do something else so the industrial engineering is is pretty important to us quick question so so you have your I guess your lowest position is production there's 66 jobs projected out would you I guess you would anticipate most of those jobs would be filled from people that already live here in this area none of that would come from California I wouldn't expect that those people yeah okay okay thank you is there any kind of degree requirement for those types of jobs as far as high school we do have a great vocational program in our school district what kind of qualifications do you need for the entry-level positions that you have for the entry-level positions I mean we would prefer high school you know the the labor pool on the lower end you're looking for stable reliable good honest people right and we don't have a lot of turnover a lot of these people that work in these production jobs that they've been there a long time you know it's it's a it's a decent place to work and you know the climate is not much different in California that it is here we treat them well and I noticed that you do give benefits including dental life insurance 401k we medical vision even so is that available to the entry-level tech position it's available to everybody that's great that's great thank you that's hard do you do you hire felons or do you have a second chance program that you I would love to but I don't I don't currently have any that we know of you're not allowed to ask part of the issue is here is that once an individual gets out they have a hard time starting over with you know job and then that means you know homelessness and so I would love to hire people like that honestly you know everybody talks about the veterans and stuff and where we are you can't find them you know there's there's there's you're looking for people we invest a lot of money training them so you want them to stay that's that's a fixed cost that you know I want to train people that'll stay and work through there's there's opportunity to advance through the company our VP of operations started at 16 years old in the machine shop now he's a VP you know it's it's if you're willing to work there's opportunity for advancement you mentioned the bulk of your product goes out via rails that 55 percent or 90 percent well rough it goes out in truckload which is hauled over the rails so very a very small percentage in Southern California if it goes if it goes over a thousand miles it's going on rail if it goes five to eight hundred miles it's going on truck over the road so it's over the road and then intermodal but it's all leaving the premises by truck and the same with the in bounds in the in bound is coming in by truck so you know our internal you know we started doing the budgeting on this probably a year and a half two years ago we currently have about 15 million dollars in inventory sitting on the ground at our site just the cost to move that inventory to Dallas is over a million dollars no equipment no people no you know reconnection or any of that stuff so I know there's a there's a negative attitude towards corporate welfare but I think if you look through those slides and you see the amount of taxes that a new business brings not to mention the jobs and the other components of that the cost of picking up and moving you know at this point in my life my wife asked me you know why are you doing it you know I mean how long gonna work and and I think about it and sometimes I think yeah why am I doing it but you know the long-term objective of the company is you know you do that you do the best for the business and people that are there and you know that's that's kind of the focus right now but it's not it's not an inexpensive proposition to pick up and move and it truly does bring a lot of good things to the community so thank you John I had one last question slash comment I was in a meeting recently with Ross Perot jr. and he was quoting the the the principal at Schwab who said that he was encouraging as many businesses as possible to relocate to Texas he said this is really a wonderful place to do business and this is my question there's a lot of things on the table would you still be consider Denton if you didn't get all those things on the table well I don't want to say I wouldn't consider it but but my biggest objective is trying to how long is it going to take me to recoup the cost of relocating and the total disruption to the business for probably a year year and a half so that that's the biggest component to it you know how do you how do you you have to justify it at some point so the point mr. Perot is making or sorry the other gentleman's name yes about everybody you know should be relocating to Texas well there's a lot of other places that work you know besides Texas I grew up in a family business and we had a plant just outside of Kansas City for me I was looking at places where can I go in one plane ride right one short relatively short plane I got on a plane last night at 530 and I was here by 10 you know so it's I'm trying to balance that you know the rest of my family is still in California and they don't plan to move so if I go to you know Dallas Arlington or wherever you know it's got to be something reasonable but there's a lot of other good places to that are sort of centrally located in my and one of my biggest concerns is with all the people coming here all the companies coming here what's it going to do to the labor market and my outbound freight situation inbound and outbound the what happened when I started in business in the early 90s was California was a consumer so all of those goods that were made in the in the rust belt in the Midwest and shipped to California by truck created an available pool of empty equipment so shipping east was very inexpensive and my concern is right now in the summertime California can't get enough trucks to ship all the imported goods out so when when does that flip and become a problem for the greater Dallas Metro when is there more companies here trying to ship their goods out than there are people here to consume you know our our business were essentially logistics companies how do we get our goods to the customers efficiently and when that changes and it becomes too expensive to ship out of here I think a lot of these a lot of these you know you see the Amazon and all these big buildings all over those are all consuming outbound freight so it is a thought in the back of my head thank you mr. Sears who are your customers our customers are primarily for wholesale floor covering distributors so if you PFS professional flooring services and supply based out of Fort Worth they have 25 branches in Texas and CNC wholesale based in Dallas those are those are some of the bigger ones locally but it's it's not it's not a product you're gonna go Home Depot carries it but they don't really sell it they just carry it it's it's a professional trade if you're gonna have carpet or flooring installed in your home and you hire a contractor he's gonna go to our customer to buy it any other questions for our applicant thank you so much I'll open up the item for any recommendations for further discussion we're taking motion thank you thank you thank you very much yes that's a good idea so our job today is to make a recommendation on a tax abatement and consider any of the other options as well so to get the party started I'll make a recommendation that we accept the recommendation of staff on the tax abatement on the tax abatement thank you we've got a motion second any further discussion absolutely so I I'm just gonna say that I really appreciate that they're looking at Denton and I know that din would be a great home we have the wonderful location and a fantastic workforce the people that you're looking for are actually here so I and I know that if you were not going to recoup some of that money the move wouldn't be made at all so it's going to be very beneficial for your company to be here in Texas and even in Denton so I'm not necessarily I'm not in favor of this recommendation I would be in favor of something different I am in favor of the construction sales and use tax grant I think that would be beneficial for for everyone but the recommendation I'm just not I'm going to be voting no thank you any more discussion does the incentives the construction sales and they use tax grant I'm assuming and this is probably dumb question that comes out of our general fund is that check written out of the general fund then because that's many going out as opposed to not taking the money in with a thank you so much good question Tony Tony point the chief financial officer actually this this would be sales tax that the city wouldn't otherwise get they would have to set up separate contracts through that are required through state law they would source all the construction material to Denton and then they would shake we would share back with them either percentage or the entire amount so so again this would be sell sex that we wouldn't otherwise get if it wasn't for this type of agreement and am I correct I believe that Jessica spoke earlier that these other incentives incentives I'm fine and the keys I can drive these are pretty common is what I'm understanding this is not way out of out of line that these other types of incentives are pretty are pretty common yeah I think they are common I will say that with the enterprise zone we are limited to three per year or no there's no limitation on that okay maybe I use that it's four per biennium so we've talked with the applicant about this so they would be in the net they would be applying in the next biennium which starts on September 1 but we have two bonus projects so we were actually allowed up to six I went back and did some research on this knowing that that question came up on the last one we've never reached our cap during a biennium that I could find so I don't think that that I mean certainly there is an opportunity cost but I'm not sure if we could quantify that because we've never hit that cap of having six combination in the rollback taxes are estimated to be about 4,000 and that sometimes dealt with in the purchase sales contract you know as far as you know who's gonna get tagged with those but okay that's been looked at and that's the number we're talking about $4,000 when we estimated thank you very helpful thank you any more questions or discussion on the motion yes if we were to if we were to put forth a 25% abatement how would that change the color thing a 25% for how many years about 15% last John so at 25 is available for tax thank you 25% for four years would be eighty thousand six hundred and sixty two dollars estimated so it's about fifty thousand dollars less to their company so for the recoup then it would be an additional how many years to recoup that that difference to get close so five years would be a hundred thousand just over a hundred thousand six years would be 120 and then seven years it would jump up to 141 so it would have to be a longer term the reason I'm when I look at the comparison sheet where we compare tracks Tyson and US cold storage US cold storage did not get an abatement Tyson got 25% so I'd be hard-pressed to do 40 u.s. cold storage was approved here and denied it city council and Tyson is for a longer period of time so I guess you can see where I'm headed right okay Gerard thank you Gerard the citizen because it's still just repeat makes me crazy that we're making a recommendation to Gerard the city council person but that being said drug the citizen says this this this checks a lot of boxes one as we're moving closer to so the city in this area has the police firing range right next door to that and so this begins to have development we're gonna move that right and so what I'm saying is it helps us continue to develop that area put that you that area to a different use and and kind of incentivizes others to come together this this area it moves it closer moves development closer to the airport which is not a bad thing and then you talk about friends family relatives coming from California we're gonna have two runways and hopefully with the automation there's gonna be Texas so I think it benefits the airport that general area one two it helps bring that development closer so that you kind of feel encompassed by the airport and for that as just as an individual I'm encouraged by the years don't give me heartburn for years and is appealing I think we do have the workforce and I look forward to the opportunities to discuss different skill sets you know and I think it just fits well especially with the I'm passionate about internships and that type thing so we need these type businesses to support our college students so that they can stay here and work here so I'm fine with staffs recommendations I'm good with the construction sales grant that's that's worked well in the past but I think it just again it fits well with what where we're going and kind of the organic progress we're making in that area thank you any more discussion for the comments we've got a motion and a second for recommendation for a 40% tax abatement over four years there's no more discussion all those in favor say aye aye any opposed get that noted motion carries let's tackle the other incentives I guess one at a time anybody want to discuss the sales and tax use grant or make a recommendation there Tony would you mind coming back up for some questions of course not of course not just so we make sure the group understands that thirty nine thousand dollar is a savings to the company but not necessarily a loss to the city is that that is correct okay correct so there's it's not the city giving you thirty nine thousand six hundred dollars is just a way for them to have the product ship here where they save on the sales tax correct again that they will have to source all those those construction materials to Denton so there's some contracting that they'll have to do as a reporting requirements I'll do back to the city I will just want to make sure that we're clear is that there will be a separate third-party contract because the company that's actually going to build that site for them is not the company so we'll have to have a third-party agreement between I think it's is it ironwood and the company in the city to be able to get that back and so again we'll have to work through that but again this is sales tax that is going to be paid right now it's not going to be sourced to Denton so it's going to go somewhere else so this would be sourcing it to Denton and I think we're giving them back a percentage not the entire thing is a double thing it's 50% so 50% correct so there'll be $40,000 Delta that that'll come back to the city to whenever otherwise I've received okay that's it's good to know so if we don't do that we miss out on $40,000 maybe we'd like to make a recommendation I'll make a recommendation that we approve the other incentives that's recommended by staff all of those or just the first we're talking about the first way I do have a note on the last one and you could do the first two together and the last one the additional four thousand I will say that an additional grant of that can be dealt with most simply through the abatement process because five percent on the abatement in year one would be equal to about four thousand dollars and it just eliminates an administrative burden on both sides so I would make the recommendation that if you if that's something you want if the board wants to pursue that that we simply increase the abatement in year one to accomplish that my comment on rollback taxes I don't like we've ever done that before that's not a large amount of money I'm gonna say for either side what concerns me is if we do start doing that and everybody else starts asking for it as well well then I'll restate my motion to approve the construction sales and tax grant and the nomination to the TC zone program got a motion and a second Jason discussion Keely well these come to a council as two separate items or is it just all one because like I said before I was completely in favor of the other incentives without the abatement but together it's not so I mean I'm in favor of these so yes but if it's all together then no so I'm just trying to so break it up the general plan would be to bring the entire package forward as a work session item on August 6th okay but each individual agreement has its own approval process so the contracts the abatement would be done separately the contract for this construction sales and use tax would be separate it would be a separate action item for council so the other incentives would be a separate I mean for us like I'm first city council yes each individual the abatement would have to go through the public hearing and then the approval process the construction sales and use tax contract would go through that process and the enterprise zone would go through the approval process okay I just I submit like from here from this board going to them so having some familiarity with the Texas enterprise own program I just want so having some familiarity with the Texas enterprise own program I would point out that it is tied to the creation of the reinvestment zone and the public hearing that would also have to be going on are part of the application process for the enterprise own program so those two kind of do get tied together slightly and there is no contract for the Texas enterprise zone for the city it's kind of a pass-through for you guys that goes straight to the state but normally the creation of the enterprise zone or the reinvestment zone that goes with the tax abatement and public hearing that goes with that go into the application that makes some sense yes they could dip sorry city council typically approves a resolution formally nominating you that's the approval item so the sales and tax use grant is really not a incentive that we're giving them by allowing them to do that we're getting more money than we would get normally so based on their construction costs they would bring in another eighty thousand dollars in sales tax revenue as an estimate to the city of Denton by going through this process we would capture half of that and they would save half of that so that's actually a better deal for the city by approving that we need to call that in incentive or not but anyway just by not approving that we lose forty thousand dollars so we have a motion for the sales and use tax grant and Texas Enterprise zone for approvals any more discussion just one question all of these proposals are a recommendation to consider something that's not a recommendation that we do it so why are we going through all this we're making a recommendation that we do it but the recommendation is to City Council they they approve it okay that's not what it says I just I remember an old district judge we used to have when he was qualifying jurors somebody would ask him the question could you consider giving probation he would quickly say they can consider to go into the moon question is can they consider it with the idea of doing it well I'm just not sure what kind of recommendation the right the way it's worded up there is that they've asked us to consider this and we're making a recommendation the recommendation is not to consider it it's to we recommend to the City Council to do better not to do it we're considering it right now good point though change words so motion and the second to approve a construction of sales use grant and nominate them to a Texas Enterprise zone program any more discussion comments questions all those in favor say aye aye any opposed all right motion carries and on the rollback taxes is anybody have any discussion or comments or want to make a motion on that Tony do you mind tell me understand Marty's point is valid so others have not utilized this tool what kind of help me understand the rationale or benefits pros cons of it can you help me understand just the process generally and what it's targeted to do the rollbacks it's objective is to what so so basically these are ag exempt properties and so per the statute once that use changes then there's a retroactive look at what the taxes would have been for a period of time and so that's kind of the rollback component but again this is all really specific to those ag's exempt properties that that are out there and certainly as we start looking at development across you know a vast portion of the city of Denton will probably be seeing more and more of these rollback scenarios but again it's not something that we've seen at least in the recent past but again as we continue to develop into those outlying areas in the city likely to see more and more of that so so if making sure I understand you right there's going to be removing that ag exempt there's kind of a spike or peak and so it's to one way to dull that to to kind of transition it that's correct that's correct and again it's a it's about a four thousand dollar impact that that we'd be looking at like all the entities the entire property will be subject to the rollback taxes the four thousand dollars is just their portion of the since they're just taking that small component of the business park property that's the portion attributable to that area got it so the rollback taxes is something that's retroactive so they go back and it's as if they did not the property did not have the ag exemption they then appraise it at the value without the ag exemption and then you pay that amount going forward for the past few years had there not been an ag exemption once the change occurs so it's incurred taxes in the back for past years that you pay moving forward once you've changed the use of the property that helps those taxes are paid to the county in the school as well correct the exemption applies across all the jurisdictions but it to your point it looks like we're talking about I'm sorry Steve Edgar we're talking about maybe a quarter of the overall ironwood business part so you're saying for this particular application it's 25% of four thousand dollars no the value the 37 it was 3760 somewhere in there that it's attributable just to that 10 approximate 10 acres that tracks would be taking ownership of not the entirety so they conducted an analysis what were the rollback taxes for the entire property entire ironwood site and what if those is attributable to their site and that's the number that we're looking at true attribute so the entity that purchased that property from the razor family is paying rollback taxes on all of that stuff and they're selling this part trying to pass that on to your applicant today I'd like to just give my opinion is I don't know if I want to open Pandora's box as far as this has not been something typically considered I don't know that 4,000 is going to be the make or break and it's not necessarily this one here today but I'm personally not inclined I'm in favor of all of the other abatement incentives I'm probably not in favor with adding tackiness one unless anybody wants to make a motion to do that I guess we'll call this item closed everybody a few seconds for lack of emotion for lack of emotion we will move forward and these will go towards City Council for recommendation based on one of those actions today so thank you for being here appreciate the opportunity all right since we started out of order I'm going to go out of order again and we'll start with her next with EDP 19 - 036 receive report whole discussion and give staff direction regarding the downtown task force policy had discussions about this last month and the staff has put together a recommended policy hopefully everybody's had a chance to look and review that Jessica will come up and give everybody a report a little bit of a more exciting item on this one we have a lot of items to discuss so the task force policy really the purpose here today there are actually two agenda items that you'll see related to this we separated out sort of the discussion where we want to get your feedback we put a separate action item on it if you want to adopt the policy today you can but I will say the task force meets tomorrow morning and we have an item on their agenda to discuss the outcome of today so if for some reason you wanted to get their feedback or recommendations before adopting the policy that you would have the opportunity to do so there is no need to take action today if you choose not to so at our last meeting you gave us direction to continue the task force but bring back a policy or guidelines for consideration and some of the items that you wanted to see would be the appointment or reappointment of members of the task force and review what constitutes downtown for the purposes of the task force so staff put together based on your feedback a draft task force policy it has three primary sections authorization and purpose membership and structure and meetings and reporting so in terms of the authorization and purpose as we discussed last time you are authorized under your ordnance created by your ordinance to create task forces or subcommittees the purpose of the economic of the downtown task force would be to advise you on matters related to economic development in downtown Denton or any matters that may impact economic development in downtown Denton we left that a little broad part of the discussion last time was sometimes things happen adjacent to or near to downtown that impact downtown and we didn't want to tie it to a specific geographic boundary and say it has to be a project or something that's occurring in this area we all know a road would be an easy thing that their connections that exist beyond downtown that may be of interest to development in downtown so we wanted to leave that broad and open we included a list of items that would be the could discuss but not limited to discuss items these are the same items you saw in the last presentation it may be capital projects it may be a specific economic development project it may be recruitment retention expansion in downtown it could also be solid waste and recycling projects we have a big solid waste and recycling project going on downtown right now a pilot program that we'd be looking to you and certainly that's something we'd want to take to the task force being that they would be familiar with how busy their business needs in that area they also would be making the recommendations on the grant program but those recommendations will now be going to the TERS board as opposed to you guys I think we're not we're still gonna be recommending to you guys for the next few as we have general fund dollars but then they'll be making those recommendations to the TERS board but that was sort of the summation of that section of the document but I'm happy to answer any questions or on that section yeah or or okay and as we discussed last time I included this map now this is the cultural district map we used this as sort of the expansion of downtown and I would consider this like I said a soft bordered kind of map and things that would be adjacent to this properties that might be you know at the corner of Carroll and Sycamore may maybe something the task force wanted to discuss or a project that would be occurring in this area just for consideration this may not be what this group thinks it wants to define as downtown it was just simply a starting place to have that discussion it does go as far south as Prairie right here and Wilson and then as far north here is withers and Parkway so I certainly wanted your feedback this map was what you were thinking is for expansion of the definition of downtown or if you wanted to consider some other area mr. Baynes you're good you thinking okay thank you okay so I'll move on to the next section which is where I need a lot of feedback and recommendation from this group so membership and structure the first item is number of members so written in the draft policy we have at least 13 members for discussion we wanted to bring forward whether the board would like to set a minimum number of members a maximum number of members a hard cap of we're gonna have exactly 15 members so we know how many seats are vacant but I wanted to leave that up to the board to discuss what you felt was most appropriate for that body we got to 13 to be fair it wasn't a number out of anywhere if you count the the number of groups being represented it was 13 that's how we kind of came up with at least 13 does that include somebody from this board so we have to be one of those that's in yes separate section is that EDP would will have a member on the task but we have 13 that was we want representative plus right that would be that at least 13 you yeah we didn't in the draft we didn't make it a requirement that you had someone from all these it's just saying your intention is to have someone that represents that you could have someone like Marty on the task force who represents the EDP who is lives downtown and who is a business owner you know in a baker professional you could have someone that represents multiple ones of these so instead of making them specific like this board is leaving it open to you well maybe we need someone who does check multiple boxes or maybe we need someone who it's just one of those but that was one of the items we wanted to have the discussion with today get guidance on that are there any requirements around quorum yes so in the next section what I did was make it a flexible quorum so if there were 13 if this board said there are 13 members currently we could have 19 but right now we have 13 officially named to the board quorum would be a majority of appointed members so at that point it would be seven if there were 14 members it would become eight if there were 15 it would stay at eight and so on so it was a little bit of a flexible that section would obviously change if if a number was selected thank you oh I just I think I've answered my own question I'm good just for discussion I kind of like the idea having a minimum number just so if six people show up to vote on you know even if you have 13 if it's only six or seven show up and four people vote for something is that really enough to make a decision coming out of their recommendation a couple of comments that's all right Jill jester 13 seems like a lot of people you get those types of groups represented and at least during my time on the task force and you know almost everyone has an opinion and so my thought is wow if everyone shows up and everyone wants to that's a that's a long meeting maybe that's a good or bad thing but it seems like a lot to require is our minimum maybe and the other thing I just wanted to throw out is what about term limits where someone rolls off a year and then can be back on just to create some diversity of perspectives since there is right now no no type of term no type of cycling on and off I mean not that we want to bar people that have a good perspective and an interest and an insight but I think maybe a year off and then going back on even if it's like a six-year term or something so currently in the draft there's no term limit for anyone and we do or wrote in that it would be an annual appointment process so this board would be brought forward with a list but we could certainly add a term limit in it has that been done in the past I don't remember voting on the members since I've been it did not appear to have been sent since yes it's supposed to have been voted on every year I found the last time it happened was 2017 which I believe was when you were appointed my goal would be to schedule it to require and as part of this policy require an annual or appointment or reappointment process to make that clear I'm not so sure having terms is not a bad idea just something if you've had the same person on there for 15 years sometimes that's great sometimes it'd be nice to have somebody different they could roll off and come back on take a year off or something like that at the same time if you ever try to get people for committees it's awfully hard to get people to want to come and do all that stuff so you want to keep those folks engaged and active my thought on the on the Main Street president is to make them a voting member include them in that just instead of those people are deeply involved in what's going on downtown and it's a different person every year I think they all have a vote that was that was on my list as well to have the Main Street in the membership actually and and I also am in favor of a term limit I know that for those who nominate if somebody is willing to stay on it's easier for us to still let them do that and to sort of go out and you know ask for someone else in the community to step up and so if there's not something that's there that that allows us to I don't have an open seat at some point then it's likely that those members will just stay on and I think at one year out and then one year back is is a good is a good thing I we have ours is six years right on in other policies but I don't know if we want to do that make it consistent or if we have something different for this one like you know I'm not I'm not sure if you want to reference this board has a six-year total of your term six to your terms three consecutive six years total and then sit out the year and then yeah so I mean if we wanted to make it consistent with this board that would be probably good idea okay and then you could draw names for who's got one year after two years or how that's gonna work in the past the that committee has put the list together and made a recommendation to this board as far as the nomination I don't know if that needs a changer so I'm in the draft policy the statement on recommendations for appointments with that would be either or either the task force could make a recommendation or this board could make a recommendation but when the adoption of the kind of slate of candidates would be made by this board so you may ask for recommendations from task force or you may have to make your own so one of the other items in this section is sort of solidifying that an a member of the EDP we must serve on the task force it could be it's at least one so it could be more than one member of the EDP could serve on the task force if more than one member of the EDP serves on the task force then we have to have a selection of a chair and this policy also would solidify that a member of the EDP serves as chair of that body so if multiple members of the EDP were on it the task force would select their chair from the multiple members of the EDP members on that board if there was only one that person is the de facto chair the vice chair selection and the draft policy has written that the vice chair can be any member serving on the task force so it does not have to be a a member of the EDP but that's certainly up for discussion on my last page it says this is not it was it was originally but it has continued and so Marty and I had discussed possibly changing the name to just be the downtown subcommittee the downtown advisory committee something to make its name more conducive to what it does yes downtown economic development something to remind everybody when they're there this is an economic development committee that makes it a lot longer name but downtown economic development committee we'd refer to everything as acronym so it's okay if the name is long so is there any other discussion or items related to this section or with the few changes adding Main Street as a voting member turn adding in term limits at six years we would divide it it would be two-year terms is that anything in there anybody wants to change or talk about I would like to recommend that we make those changes if we can today and have that get some feedback from the task force sure well we can incorporate those and then take that and there's one more section what number did we settle as a minimum I don't know that we did do you have one in mind I guess from the years of experience doing that to have all those people and the main thing is to have enough reasons not make up reasons but have enough reasons things going on for this group to meet and give us some feedback and if there's nothing to meet about they don't have to have a meeting but I have noticed in the last couple one of the last recommendations for reimbursement grant like seven people voted so if we've got a list of potentially 15 people and we're wanting involved in all this process and only seven people show up I guess that can just be accounted for when we're here in their recommendations John Baines is there a a list of things that the downtown task forces is charted to address or are they able to discuss an unbounded number of things she she added a broad definition second paragraph there so yes under the authorization and purpose so it would be just kind of twofold the first would be anything related to economic development in downtown or that may impact economic development in downtown and then we listed out some possible items these are a list that we put together based on the last five years of items that have gone before the task force which would be capital projects such as the new streets that was an item that we wanted to get task force feedback take it lighting downtown we wanted to get the task force feedback because that gets us really insight into a really different array of individuals that represent different interests downtown so through the task force we might get recommendations of as a business owner this is how a capital project might impact me but maybe also from a historic preservation component this is how a project might impact downtown and so we take a variety of things through the task force just simply to get feedback from a group of downtown stakeholders thank you Keely so on the numbers so there's 11 now and then so 12 would be if we move the main street up then that would be 12 right and then if you have an EDP member on there would be 13 is that where you got the 13 from it yes there have traditionally been 13 people on it but the groups represented it was 13 so that's why we just sort of that's a starting place yeah we just added NCTC I think as a stakeholder because of their move and the person that they have recently resigned was Don from Methodist Church yeah they should be on it well I don't know I mean that's a NCTC yeah NCTC and we added and I don't believe we added the CBB after discussing they're they usually had somebody here participating in that that's a big part of what's going on CBB and economic developments are like we wanted to formally put them on on the task force I think Dana usually attends the meetings any other comments or discussion okay so the last section is just on frequency of meetings they meet on the second Thursday of the month so they meet tomorrow if there's not an item to discuss the chair would have the ability to cancel the meeting that's the same for just about any board with the city is if there even if this board didn't have any items to discuss we would simply cancel the meeting so it sets a frequency everyone can put it on their calendar and know where they need to be on what day but certainly gives them the flexibility that if they don't need to meet they can cancel so we were just talking about well in our other committees and I don't know if this is equal to council committees or are not advisory committees on attendance and so with this committee be held to the same attendance policy no no this committee is formed by this body not by City Council okay because we have so it would be this body if you wanted to write in an attendance requirement you would have to do so into this policy it's not this body wouldn't the task force wouldn't be subject to a council committee because it's not adopted by council so we so we could say if because I 13 is a good number for me it's a lot of people and we have issues you know with quorum and stuff but for an individual that's on the committee and doesn't show up for meetings you know does that for I'm just trying to learn the different rules for us we have to have a reason which you know attendance would be that for this body they can just nominate another person the EDP would be able to remove someone and nominate right this body yeah okay but we could write that in we could add in a attendance requirement or if this body simply wanted to keep that flexibility you don't have to that could just be something that comes up in the annual appointment reappointment process like how many times they were there it's just you know if there's a constant quorum issue each meeting then that becomes an issue and so we also added in quarterly reports to the policy so that whatever EDP member is appointed to the task force we would put an item on the EDP agenda each quarter so that that member could report on the activities of the task force to this body because that's one thing that we talked about last time was that you don't all know what they're talking about their items don't necessarily come to you we may get a recommendation from them and it has no action so it doesn't move any further but this would allow you to say hey we want to get there what what are they talking about what are they discussing what items are coming before them would give you all the opportunity to get a report from them so that would be another opportunity where attendance could be addressed we did write into it compliance with the open meetings acts that's something all of the city boards we make subject to we have to post we do that now they have a posted agenda we comply with the 72-hour rule we comply comply with quorum requirements simply just saying that's our intention and we'll continue to do that non-binding recommendations is just saying that this board does not have to agree with any recommendation they are simply an advisory body if you disagree with a recommendation from them you don't have to accept it that's fairly traditional and something you've all experienced is you make recommendations to counsel you make a non-binding recommendation can we change the meeting times instead of saying the second Thursday of each month and just monthly sure that way if they want to change that based on their makeup they can change it I have to come here to change the policy it would kind of be nice if they met before this or this meeting so it would be a month old stuff you could do that and certainly that's something we could take to them tomorrow and say you know could you move how that meeting falls so that it winds up better with the EDP meetings George drawer the resident at 606 Wilson Street says I would say nine is my number and who's here's who I eliminate downtown developer because the developers not there's not an exclusive developer to downtown so they're gonna develop elsewhere so I kind of target that as it rolls into others I target the the arts related because that's overly broad arts could be anything and then downtown residents I think that's captured in downtown property owner and then I also target Denton County just because they're not one there they're gonna they'll have to have the square they're gonna be down there for another year or so but then they're their primary business is going to be on the loop and so I just I don't know that carries the same I mean obviously they still own the property all that but that's just kind of my my my look at it so and then you add in the EDP board member as a chair and the downtown Main Street that gets you to nine I do believe so that's does it make some sense to leave all those people as people we would like to have involved that changes from one can change from one year to the next so depending on like when you and T Herbert Hall you know when you and T put you and T on the square reason because they're on the square we want some input what's going on there I don't know what happens with the county in two years or not but because there's such a big presence in downtown we wanted and we have parking things and sidewalk things going on for those guys just too good sometimes I can take whatever discussion is back up to the county and they can hear from different directions some of the issues or problems and I will say to your point is sometimes it's really hard to find someone who fits in just one of those boxes most of the people that we have on the task force even today could fit in two three four of those categories a resident could be a property owner where the president is involved in downtown and property you know I think generally the justice 13 is too too high it's you know so whatever that that there's a method to that for me to say the 13th too high just my own I've never attended a meeting you know so I could be absolutely wrong just my look outside looking in think that you that was a volunteering to be nominated kicking somebody off of it that's been in because they've had the same group of folks involved for a long what there's okay I would say as far as the numbers you know we can still have a large amount and I think that they can self regulate a bit as far as if it's too many you know if we set a certain it's the maximum versus a minimum so they can have 13 14 right if we just set a maximum I think it's just the the minimum that's the question but they can certainly have more we're giving them a range so we're not saying necessarily you have to be at this number we're saying you should have this to this depending on who's available what areas are needed recruitment is that could do discussing so it's not so hard and fast you could say nine to thirteen you could say yeah thirteen is the max that would let's make that recommendation nine to thirteen okay and then we'll make the corresponding change to the quorum section to make sure that that's addressed all right any more discussion that will have them make some comments and come back next month yes we will bring it back next month going out of order assuming nobody has anything else on that item we'll just go with G the business awards breakfasts nominations Michelle Cunningham City economic development I've been here the past couple of meetings and we've discussed this topic this is the recognition by the economic development partnership board to a large business meaning a hundred or more employees and a small business meaning under 100 employees at the September 20th mayor council awards breakfast that's your annual award and last time for small business nominations Los Teca and Dan Silverleaf are both nominated but thus far I have embassy suites as a large business nomination so this is your final opportunity to nominate additional potential award recipients and last year I know that you considered embassy suites winco acme brick and target as your four large ones at that point we did not have a specific small business award set aside but there had been discussion about looking at smaller companies too and technology resource centers of America TRCA had been nominated or for consideration as well and so all of those were put on the matrix that came back to you that you made your decision from at the next month's meeting in August you'll be making a decision for a large business and a small business recipient from your nominees so this is your final opportunity to nominate additional businesses for consideration should you wish to do so Michelle does embassy have a hundred employees I believe so yes I mean if you're counting all part-time and I would like to make a nomination of a small business company okay Allison engineering group okay it's kind of occurred to me over the last couple of weeks since we've talked about it they're really good but all the candidates are good they're they're good candidate they're also from an economic development standpoint they're an economic development investor so they're already invested they are active in our investor group they're very involved in the chamber Lee Allison has been chairing the development group that's been working with the city didn't go through the development kind of process this past year Jason fagley is leadership didn't steering committee involving Kiwanis and served in kind of check off all those boxes so I'd like to add those folks okay and they're a lot they're involved in a lot of projects that come through the city didn't small and big they've done work on the TWA parking garage and work downtown they've been working great point this is kind of putting you on the spot but I'm wondering how many businesses we have that have a hundred or more employees in the city of Denton we have about 25 or 30 it's more than folks think it is yeah I'd be curious that the hotel does if you have staff and nighttime people and people cleaning they don't need 80 people okay well then in case I find that's not the case because that was done again when I looked last year and the numbers are probably taken from their incentive application frankly so I think it's a great candidate okay just on piggybacking on Jill's comment and yours with that could you send us a list of those over a hundred just so that we have to look at okay it would be helpful okay and I may be thinking and I am sorry I may be thinking 50 and more because in my mind that's kind of a tipping point in when I'm working with companies that's one stratification there's another one the hundred is where the cutoff is for what kind of business grants they are eligible for through the Workforce Commission so and in this case that follows the hundred so it may be fewer than that but it's more than people think it is no I just a hundred I mean we go by the total headcount we need to make all our recommendations today or at the very because we're gonna come back with information on all of them in August and so and I need to research them so can we can I get this out to you I'll send you all a list email list today of that listing and then if you could provide information back by next Wednesday which is the what day is that that is the 17th and the reason we're making that to be to be clear the reason that we're taking bringing it back in August is your September meeting is the joint meeting with City Council so we thought that there wouldn't usually we wouldn't have any action items moved this up one months to make this recommendation okay all right thank you thank you Michelle all right before we lose anybody let's go back up to the top of the agenda and look at item ADP 19 - zero three four consider the approval of the economic development partnership board meeting minutes of June 6 I move approval with the addition of Edgar and that's fit to the list of present or absent I don't know which category I fit in president and absent motion and a second on minutes as revised any further discussion all those in favor say aye any opposed all right the minutes are approved and we've got staff reports any a lot of that is normal information has been sent out to you that Jessica anything you need to visit about for the good of the order is as I mentioned September 9th which is a Monday will be the joint my son on it is on my lights on belly Monday Monday September night is the joint EDP City Council meeting don't know the exact time yet but certainly we'll be working through if there are any specific items that this board wants to bring forward for that discussion we would welcome those just good is that typically daytime or an evening meeting it's usually a luncheon luncheon okay thank you can we add on our next month's agenda to discuss discuss topics that we want to discuss at that meeting we can the Adam is alley office this week anybody have any other questions or comments I wanted to bring up well since we're done with staff reports and our other item concluding items our next economic development partnership investor reception is Wednesday July 31st and that is going to be at the Spring Hill Suites by Mary odd you all should have received an invitation by being on this board we have secured Andy Eads to come give us an update on what's going on in the county that is our chamber folks who are investing private money folks so those people were the ones that are helping raise funds or up to $80,000 in private funds to help our marketing efforts and you guys get introduced every at every one of those meetings if you're there so I would like to see a better contingent of folks from this board at those receptions to meet all the folks that are investing in the chamber side of things and we try to be really good programs so it's it's an it's an evening program use the last about an hour an a half we're working on or an October meeting where we'll get hoping to get plant managers from all the world facility managers from all of the different larger companies like Peterbilt and Target just to kind of have a panel with those folks in October so trying to bring something you guys ought to be interested in and I would really appreciate it when you can make those to to come attend those as possible so if you hadn't had a chance RSVP to Karen to let her know if you could make that or not yeah no that's a that's a benefit for investing into our partnership to be unattended so all right anything else yes Marty several you guys missed the picture last time we took it I'd like to make sure we include you guys take a moment everybody all right I will find some confident person to do it all papers off the desk and we're adjourned