WEBVTT 00:00:00.000 --> 00:00:08.520 Good morning today is Wednesday July 10th at 1104 we're going to call the 00:00:08.520 --> 00:00:15.000 Economic Development Partnership Board together and my name is Marty Rivers the 00:00:15.000 --> 00:00:20.160 chair of the board and we're gonna start off a little bit out of order compared 00:00:20.160 --> 00:00:24.840 to what your agenda says this morning we're gonna start off with the item 00:00:24.840 --> 00:00:30.760 number I guess let her see the EDP 19-039 receive a report hold a 00:00:30.760 --> 00:00:34.300 discussion and make a recommendation regarding an incentive application for 00:00:34.300 --> 00:00:41.000 Tracks Corporation call Jessica up to give that presentation also before we 00:00:41.000 --> 00:00:45.720 get started I was asked to remind everybody if you're speaking to make 00:00:45.720 --> 00:00:50.520 sure we're speaking into the microphone and you want to make sure you are heard 00:00:50.520 --> 00:00:57.720 all the minutes so specifically pointed out Jill's being too quiet 00:00:57.720 --> 00:01:05.000 well good morning everyone and before I get started this morning I want to make 00:01:05.000 --> 00:01:08.880 sure that everyone knows we have a few special guests in the room that will be 00:01:08.880 --> 00:01:13.960 helping with the presentation this morning and so Craig Silver's who's the 00:01:13.960 --> 00:01:17.720 CEO of Tracks Corporation is here from California so we hope he's enjoying our 00:01:17.720 --> 00:01:23.760 very hot day and I think Kim will be probably doing the primary but Kim war 00:01:23.760 --> 00:01:29.120 with new new Mark Knight Frank as well as Erica and Gary who are here with the 00:01:29.120 --> 00:01:33.520 consultants as well so if if I can't answer something I'm positive that they 00:01:33.520 --> 00:01:41.880 can so let's get started so the first thing I'll do is go through a little bit 00:01:41.880 --> 00:01:47.000 of the background of the company at four tracks so they were founded in 2007 and 00:01:47.000 --> 00:01:52.760 their headquarters in Pomona California and their facility there includes both 00:01:52.760 --> 00:01:56.400 manufacturing research engineering distribution sales it's a fully 00:01:56.400 --> 00:02:01.520 integrated facility they are a leading manufacturer of floor installation 00:02:01.520 --> 00:02:07.320 products that are those are things like carpet seam tapes tack strips and I can 00:02:07.320 --> 00:02:10.880 tell you that's about the extent of my knowledge of flooring products but I'm 00:02:10.880 --> 00:02:14.840 glad we have mr. Silvers here to answer any follow-up questions if you have any 00:02:14.840 --> 00:02:19.040 on those and those products are sourced from all over the world but the company 00:02:19.040 --> 00:02:25.100 does maintain a made in America policy wherever possible so the project here in 00:02:25.100 --> 00:02:29.280 Denton they're looking at building a one hundred and fifty thousand square foot 00:02:29.280 --> 00:02:33.040 fully integrated facility very similar to their current facility they would be 00:02:33.040 --> 00:02:37.160 relocating their headquarters in manufacturing to Denton they would 00:02:37.160 --> 00:02:41.120 bring 90 full-time benefits eligible employees with the weighted average range 00:02:41.120 --> 00:02:45.640 of twenty four ninety seven and we'll come back to the wages in a few slides 00:02:45.640 --> 00:02:50.560 and the estimate as well as the investment dollars and the estimated 00:02:50.560 --> 00:02:54.800 investment for this project is about twenty seven million with it to offer a 00:02:54.800 --> 00:03:02.040 value add and about thirty four million when you count in inventory so the 00:03:02.040 --> 00:03:06.620 project and site that they are considering in Denton and is included in 00:03:06.620 --> 00:03:11.320 what is currently the ironwood business park the full site is about 86 total 00:03:11.320 --> 00:03:15.960 acres the site that tracks is looking at is about 10 acres the rest of this 00:03:15.960 --> 00:03:21.560 business park is being developed with speculative buildings and so you'll see 00:03:21.560 --> 00:03:28.800 on the next slide a preliminary site plan that we received from the developer 00:03:28.800 --> 00:03:33.320 and the ironwood group and so this is the ironwood site and I do apologize the 00:03:33.320 --> 00:03:37.880 last map is a little off scale the site looks much bigger but this is about 10 00:03:37.880 --> 00:03:43.100 acres of the site as mentioned they are looking at a hundred and fifty thousand 00:03:43.100 --> 00:03:47.960 square foot partial climate controlled and this facility because of where it's 00:03:47.960 --> 00:03:51.040 located on the site would assist in bringing the developer and bringing the 00:03:51.040 --> 00:03:56.000 utilities and the needed infrastructure into the site and so it's a great 00:03:56.000 --> 00:04:00.600 catalyst project for this development and the site size is plenty to allow for 00:04:00.600 --> 00:04:07.560 building truck parking materials and that that they will need for their site 00:04:07.560 --> 00:04:12.600 so we're gonna switch gears just a little bit and talk about the current 00:04:12.600 --> 00:04:16.040 conditions and the proposed conditions for this project so the current 00:04:16.040 --> 00:04:20.860 conditions the property does currently have an agricultural exemption on it so 00:04:20.860 --> 00:04:24.200 as you can see it doesn't generate a lot of revenue for the city and its current 00:04:24.200 --> 00:04:30.520 state about $25 a year with 10 going into the tears and 15 going to this 00:04:30.520 --> 00:04:35.200 city generally and the proposed conditions based on some estimates on 00:04:35.200 --> 00:04:41.040 the site and the values provided by the company and the total valuation as I 00:04:41.040 --> 00:04:47.320 mentioned would be just under 27 million and with generating about $34,000 per 00:04:47.320 --> 00:04:52.120 year into the tours city we're getting a hundred and thirty two thousand and then 00:04:52.120 --> 00:04:57.960 the gross tax about a hundred and sixty six thousand that's a lot of numbers in 00:04:57.960 --> 00:05:01.880 a short amount of time so there are questions 00:05:01.880 --> 00:05:13.880 yes this would be one year thank you so we're anticipating improvements to be 00:05:13.880 --> 00:05:18.560 completed within one year in this amount so I believe the full build out is for 00:05:18.560 --> 00:05:31.120 end of 2020 yes I'm getting a head nod yes excuse me John Baines so as part of 00:05:31.120 --> 00:05:36.480 the application the applicant did submit wage data and these are just sort of 00:05:36.480 --> 00:05:41.560 averages based on the number of positions that you have but total payroll 00:05:41.560 --> 00:05:47.040 of just under 4.5 million and these would be the estimated hourly wages for 00:05:47.040 --> 00:05:52.620 each position and I'm gonna go into really the part that's important which 00:05:52.620 --> 00:05:58.360 is how that number relates to the requirements in the city's policy for 00:05:58.360 --> 00:06:04.080 abatements and that is that they are weighted average their average wage 00:06:04.080 --> 00:06:08.320 needs to exceed the county median and county average so here's the county 00:06:08.320 --> 00:06:12.060 average and county median and here's where their wages stack up both their 00:06:12.060 --> 00:06:18.680 average wage in their average weight in weighted average wage exceed those requirements 00:06:18.680 --> 00:06:24.040 so for the incentive they requested an abatement and additional incentives we're 00:06:24.040 --> 00:06:29.360 going to focus on the abatement first it will assist in offsetting the 00:06:29.360 --> 00:06:33.360 relocation and development costs of the property it also enables them to apply 00:06:33.360 --> 00:06:38.400 for Denton County tax abatements and to the Texas enterprise zone as you remember 00:06:38.400 --> 00:06:41.520 Denton County's policy is that they can't consider an abatement unless the 00:06:41.520 --> 00:06:45.760 municipality grants one first so we have been engaged in conversations with the 00:06:45.760 --> 00:06:49.700 county and they are certainly open and if the city does offer an incentive they 00:06:49.700 --> 00:06:55.000 would engage in conversations with this company as well so under the city's 00:06:55.000 --> 00:07:01.080 policy tracks does meet a few of our priority considerations business and 00:07:01.080 --> 00:07:04.640 community investment they are expanding the tax base and they are increasing 00:07:04.640 --> 00:07:10.560 jobs with wages above Denton County's average wage and median wage our city 00:07:10.560 --> 00:07:15.120 policy to call out sort of this was on the abatement side what they would 00:07:15.120 --> 00:07:19.120 qualify for and what they what considerations would qualify them for an 00:07:19.120 --> 00:07:22.960 abatement and they must create a minimum of five million as you saw they're 00:07:22.960 --> 00:07:28.240 create generating about 27 million in value so they exceed that they're also 00:07:28.240 --> 00:07:32.000 exceeding the higher paying jobs based on the established criteria of the 00:07:32.000 --> 00:07:35.880 average wage being above the county median wage they are relocating a 00:07:35.880 --> 00:07:40.140 national headquarters and then as they indicated in their application that they 00:07:40.140 --> 00:07:44.680 would be using 25% of local contractors and construction or 25% of the new jobs 00:07:44.680 --> 00:07:51.640 would be filled by Denton residents so for the abatement based on the 00:07:51.640 --> 00:07:56.880 information that we had and in the application we did an analysis based on 00:07:56.880 --> 00:08:02.000 valuation and how this project compared to other abatements that have been 00:08:02.000 --> 00:08:06.440 granted by the city so staff recommendation on this is a 40% tax 00:08:06.440 --> 00:08:10.920 abatement on business personal property for four years the reason that this 00:08:10.920 --> 00:08:14.600 incentive is only on the business personal property you'll remember 00:08:14.600 --> 00:08:19.920 probably from the Tyson discussion is this area is within the TURS so the land 00:08:19.920 --> 00:08:24.280 and improvement value is going into being captured by the TURS 40% of that 00:08:24.280 --> 00:08:29.240 and only 60% is going to the city and some quick numbers on this and I'll give 00:08:29.240 --> 00:08:33.480 you the full chart in just a slide but a hundred at this value for of this 00:08:33.480 --> 00:08:38.120 incentive is a hundred and twenty nine thousand to the company it would 00:08:38.120 --> 00:08:41.000 generate about a hundred and ninety three thousand in revenue on the 00:08:41.000 --> 00:08:46.440 remaining business personal property in that same four-year period in a ten-year 00:08:46.440 --> 00:08:51.360 period it would generate about six hundred and seventy seven five total 00:08:51.360 --> 00:08:54.920 revenue to this city on only on the business personal property and the 00:08:54.920 --> 00:08:59.840 cumulative revenue which has this fun formula down here sixty percent of land 00:08:59.840 --> 00:09:03.200 and improvements plus sixty percent of the business personal property during 00:09:03.200 --> 00:09:08.320 the period of abatement plus 100 percent of the business personal property tax 00:09:08.320 --> 00:09:11.720 revenue for the six years outside of the abatement would be a one point just 00:09:11.720 --> 00:09:16.920 under 1.2 million revenue to the city the TURS would benefit about three 00:09:16.920 --> 00:09:23.320 hundred and forty five thousand dollars over a ten-year period so that's where 00:09:23.320 --> 00:09:28.720 all of those numbers come from it's a fun chart as we typically do we we do a 00:09:28.720 --> 00:09:34.200 ten-year analysis to look at an apples-to-apples comparison of all of our 00:09:34.200 --> 00:09:38.980 projects with ten years being the most number of years that we could offer an 00:09:38.980 --> 00:09:43.040 abatement so we've broken it down here as you see here's the TURS fund getting 00:09:43.040 --> 00:09:47.400 its thirty four thousand per year the abatement on the business personal 00:09:47.400 --> 00:09:51.520 property which generates a hundred and twenty nine thousand for the company and 00:09:51.520 --> 00:09:56.120 then the city revenue which gets a little bit you know more fuzzy down here 00:09:56.120 --> 00:10:00.880 that's sixty percent going into the city every year that's not being captured by 00:10:00.880 --> 00:10:06.440 the TURS on the land and improvements the sixty percent that's not being 00:10:06.440 --> 00:10:10.960 abated right here and then there remain hundred percent when the abatement ends 00:10:10.960 --> 00:10:14.600 and that's the six hundred and seventy seven thousand we discussed cumulative 00:10:14.600 --> 00:10:24.040 revenue being one point two million sorry that was a lot so I want to make 00:10:24.040 --> 00:10:31.520 sure that everyone is comfortable with that analysis and John's giving me a 00:10:31.520 --> 00:10:40.360 smile I think that's good I do have a question please yes John Baines because 00:10:40.360 --> 00:10:46.880 I don't always remember tell me about the the the fact check on on these 00:10:46.880 --> 00:10:52.160 projections I know as a numbers guy sometimes they include a lot of blue sky 00:10:52.160 --> 00:10:58.080 for those of you for those of you're not familiar with that term a little fluff 00:10:58.080 --> 00:11:04.840 and so how are we doing when we're projecting these kinds of things when we 00:11:04.840 --> 00:11:09.080 go back and double check the projections versus the actual how do we how do we 00:11:09.080 --> 00:11:13.440 how we're looking on those so the numbers that we get are actually 00:11:13.440 --> 00:11:19.280 provided by the company what their estimated total valuation is what we do 00:11:19.280 --> 00:11:24.000 and have done in our abatement contracts is we actually include a clause about 00:11:24.000 --> 00:11:28.160 them maintaining a certain level of it that they have to reach that investment 00:11:28.160 --> 00:11:32.280 to trigger the abatement and then they have to maintain a certain level of 00:11:32.280 --> 00:11:37.360 investment to continue the abatement so that's where that check comes in so we 00:11:37.360 --> 00:11:40.840 also cap usually the abatements based on our estimates if they were to achieve 00:11:40.840 --> 00:11:45.640 this number our calculations pretty straightforward we would say with the 00:11:45.640 --> 00:11:49.920 account so if they invested more we would still cap the abatement at a 00:11:49.920 --> 00:11:55.240 certain dollar threshold so for example here we have one point one nine four as 00:11:55.240 --> 00:12:04.080 the cumulative city potential so and our fact-checking is that you know the 00:12:04.080 --> 00:12:07.600 procedure that we use to come up with this number do we go back and look at 00:12:07.600 --> 00:12:13.840 the projected versus the actual is this kind of projection yes yes every year as 00:12:13.840 --> 00:12:17.680 we're verifying the incentives we're tracking how much was actually generated 00:12:17.680 --> 00:12:23.440 by a project that gets reported in our net revenue report each year thank you 00:12:23.440 --> 00:12:32.360 for helping me remember because I don't always remember thank you okay so in 00:12:32.360 --> 00:12:37.240 addition to the abatement the company has also requested some consideration 00:12:37.240 --> 00:12:43.080 some additional incentives so the first would be a construction sales and use 00:12:43.080 --> 00:12:48.640 tax grant this is a fairly typical request we usually offer about 50% of 00:12:48.640 --> 00:12:54.840 the construction sales and use tax rebated granted back to the company for 00:12:54.840 --> 00:12:58.520 these types of projects as a consideration and they've also asked for 00:12:58.520 --> 00:13:04.340 nomination to the Texas Enterprise Zone program and I do have the value of those 00:13:04.340 --> 00:13:07.640 in just a few slides and then they've also asked for an additional grant or 00:13:07.640 --> 00:13:12.160 abatement on rollback taxes and those are when a property is being converted 00:13:12.160 --> 00:13:15.640 from an at removing its agricultural exemption it owes five years of back 00:13:15.640 --> 00:13:20.440 property taxes as if it was used for a higher use for this property the 00:13:20.440 --> 00:13:26.440 estimate is that would be just under $4,000 and then based on the estimated 00:13:26.440 --> 00:13:31.600 electric use they would not qualify for the economic growth rider if they did of 00:13:31.600 --> 00:13:37.240 course that's an automatic trigger so if they did generate we use one megawatt of 00:13:37.240 --> 00:13:44.040 energy that growth rider would automatically be triggered so I wanted 00:13:44.040 --> 00:13:48.680 to give you a quick comparison of the projects that we've had come forward 00:13:48.680 --> 00:13:52.000 recently just to give you some context of how we got to the numbers that we 00:13:52.000 --> 00:13:58.160 did so Tyson in US cold storage were the most to recent abatement requests that 00:13:58.160 --> 00:14:03.880 we received their investment levels are here for you Tyson at about 97 million 00:14:03.880 --> 00:14:10.760 total 50 million AV value US cold storage was about 34 million with 29 AV value 00:14:10.760 --> 00:14:15.240 US cold storage did not get an abatement they did qualify for the growth rider 00:14:15.240 --> 00:14:22.120 and they were given a construction sales and use tax grant Tyson qualified also 00:14:22.120 --> 00:14:27.280 for the economic growth rider they were given an abatement of 25% of business 00:14:27.280 --> 00:14:31.480 personal property for six years but they were not granted a construction sales 00:14:31.480 --> 00:14:39.960 and use tax grant they were nominated to the Texas enterprise zone program so as 00:14:39.960 --> 00:14:48.360 you can see here here's where tracks lines up with those any questions about 00:14:48.360 --> 00:14:56.280 that right so that pretty much sums up my portion of the presentation I'm all 00:14:56.280 --> 00:15:01.800 certainly let mr. Silvers or Craig answer any questions that you guys have 00:15:01.800 --> 00:15:09.040 but for you today for your discussion is to consider a tax abatement 40% on 00:15:09.040 --> 00:15:14.120 business personal property for a term of four years you could also recommend a 00:15:14.120 --> 00:15:17.820 different percentage or term of the tax abatement or you could recommend new 00:15:17.820 --> 00:15:24.660 abatement and then I'd also like to have the discussion and direction on the three 00:15:24.660 --> 00:15:29.920 additional incentive requests that have been made on behalf of the company 00:15:29.920 --> 00:15:39.360 I got a couple questions for you yes sir could you go back a couple slides there 00:15:39.360 --> 00:15:46.920 so our other discussion a lot of times you will come or staff will come with 00:15:46.920 --> 00:15:52.640 recommendations to do those so my question is why are you not recommending 00:15:52.640 --> 00:15:59.520 that or why is that not an option for us maybe maybe just a change this is my 00:15:59.520 --> 00:16:02.720 first one that I'm doing but my understand was to just seek direction 00:16:02.720 --> 00:16:10.280 from the board but I we would recommend consideration of all of those and on our 00:16:10.280 --> 00:16:19.840 so on the four-year 40% versus Tyson's six-year 25% the numbers or maybe eight 00:16:19.840 --> 00:16:23.200 or nine thousand dollars different but why are we doing it in a short higher 00:16:23.200 --> 00:16:28.500 percentage in a shorter amount of time so when we look at the percent being 00:16:28.500 --> 00:16:33.040 abated we look at it might be helpful when we get back to that slide so when 00:16:33.040 --> 00:16:38.640 we're looking at the percent being abated here we're actually looking at 00:16:38.640 --> 00:16:44.360 priority considerations how many boxes of those items are being checked out of 00:16:44.360 --> 00:16:48.840 the policy when we're looking at the term in years we're looking at the total 00:16:48.840 --> 00:16:54.320 investment so Tyson had fewer priority considerations but a larger investment 00:16:54.320 --> 00:17:01.640 tracks has a lower investment but more priority considerations that's not a 00:17:01.640 --> 00:17:06.160 hard and fast rule that's simply how the staff policy has been for conducting 00:17:06.160 --> 00:17:11.600 the evaluation thank you also have any questions for staff 00:17:11.600 --> 00:17:21.520 I do so I'm not in favor of the actual recommendation per se and I know that 00:17:21.520 --> 00:17:25.280 businesses are supposed to ask for incentives that's what they do it 00:17:25.280 --> 00:17:29.080 doesn't necessarily mean that we have to grant them but what I want to know is 00:17:29.080 --> 00:17:32.680 what is unique about this company because we have a lot of manufacturing 00:17:32.680 --> 00:17:36.160 jobs we're doing a lot of the same thing so what are they bringing to our 00:17:36.160 --> 00:17:41.640 community that is special I think for this project like I mentioned the there's 00:17:41.640 --> 00:17:46.440 a few of these priority considerations the city councils made it their policy 00:17:46.440 --> 00:17:51.040 or stated these items in their policies these are the types of companies that we 00:17:51.040 --> 00:17:55.920 want to have located in our community and consider for incentives higher 00:17:55.920 --> 00:18:01.760 paying jobs a national headquarters relocation and 25% of jobs filled by 00:18:01.760 --> 00:18:06.240 didn't residents or 25% of local consideration so those are the that's the 00:18:06.240 --> 00:18:10.160 direction that we have from council and so when we receive an application from a 00:18:10.160 --> 00:18:13.560 company that meets those considerations that meets those requirements that 00:18:13.560 --> 00:18:17.720 council has said this is what qualifies you for an incentive we would certainly 00:18:17.720 --> 00:18:26.600 want to bring that forward for consideration so I appreciate that I'm 00:18:26.600 --> 00:18:36.160 having an issue with 70 of 90 of the jobs below 50,000 a year we're doing a 00:18:36.160 --> 00:18:40.440 lot of studies on living wages and what it would take to have a good quality of 00:18:40.440 --> 00:18:45.880 life in Denton County and 50,000 is what it would take anything below that is 00:18:45.880 --> 00:18:52.920 considered you know borderline poverty for a family of four so if we're if 00:18:52.920 --> 00:18:57.200 we're looking at wanting to get higher paying jobs if it's just one individual 00:18:57.200 --> 00:19:02.440 out of college just makes you know okay sense but if it's somebody who is trying 00:19:02.440 --> 00:19:09.600 to support a family it doesn't so and I have a question for the company because 00:19:09.600 --> 00:19:18.320 there are let's get questions for Jessica first and then so people have to 00:19:18.320 --> 00:19:23.040 come back and forth to the microphone so I've got some questions to anybody else 00:19:23.040 --> 00:19:32.480 have any questions for Jessica all right we get somebody up 00:19:36.400 --> 00:19:55.240 who would you like if you wouldn't mind stating your name so we can get you on 00:19:55.240 --> 00:20:01.680 good morning I'm Craig Silvers I'm the CEO of tracks corporation and hi I'm 00:20:01.680 --> 00:20:09.680 Kim Warren I'm a senior managing director with Newmark night Frank so my 00:20:09.680 --> 00:20:16.640 questions are you're moving the headquarters are you relocating people 00:20:16.640 --> 00:20:21.200 from California to here we haven't offered relocation to people yet but 00:20:21.200 --> 00:20:26.440 we've talked you know to a handful of people and once once we've determined 00:20:26.440 --> 00:20:30.520 where we're going and what we're doing we'll offer relocation packages and 00:20:30.520 --> 00:20:34.680 state packages to the current employees are you shutting down the California 00:20:34.680 --> 00:20:44.040 moving to wherever moving moving someplace most of our headquarters that 00:20:44.040 --> 00:20:47.640 get credit for having an international or national headquarters and maybe you 00:20:47.640 --> 00:20:52.480 guys can help remind me but the repeater belts and Sally Beauty and there they 00:20:52.480 --> 00:20:57.600 have a pretty large component of office space and office staff and I hire paying 00:20:57.600 --> 00:21:04.560 jobs so do we have anybody else that is a manufacturer that is industrial space 00:21:04.560 --> 00:21:09.000 that we're counting as headquarters do you have how much of your space is 00:21:09.000 --> 00:21:13.800 office space versus right currently we have two locations we have a location in 00:21:13.800 --> 00:21:16.560 Pennsylvania just outside of Philadelphia and we have the Pomona 00:21:16.560 --> 00:21:21.440 location the current plan is to consolidate the Pennsylvania into 00:21:21.440 --> 00:21:27.120 wherever we relocate to so we have 130,000 feet in California and we have 00:21:27.120 --> 00:21:31.980 38,000 feet in Pennsylvania Pennsylvania has eight employees and 00:21:31.980 --> 00:21:37.520 California has 90 so the consolidation would happen over probably the next 18 00:21:37.520 --> 00:21:45.800 to 24 months and that of your trying to get the current the current office staff 00:21:45.800 --> 00:21:51.000 we have 12 people so are you gonna have 5,000 square foot of office higher 00:21:51.000 --> 00:21:56.800 costing nicer looking office space than all we're actually looking currently we 00:21:56.800 --> 00:22:03.160 have about 10,000 feet of office that has a training center or a lab but it's 00:22:03.160 --> 00:22:07.320 not you know we're not overrun with office staff it's it's a pretty lean 00:22:07.320 --> 00:22:16.680 operation all ahead Kiwi yeah so you kind of mentioned the 12 office staff I 00:22:16.680 --> 00:22:21.200 assume that those are the ones that make a hundred thousand or above on the list 00:22:21.200 --> 00:22:27.440 when I counted it equaled about our production people production facility 00:22:27.440 --> 00:22:32.720 managers those people are pretty highly compensated they're making you know 00:22:32.720 --> 00:22:38.960 maintenance guys production plant superintendent shipping receiving those 00:22:38.960 --> 00:22:43.320 guys are all making north of 60,000 a year I'm going by the list that's a 00:22:43.320 --> 00:22:47.080 hundred thousand and above so that's that's where I mean we're trying to get 00:22:47.080 --> 00:22:52.160 those higher paying jobs here into into the city do you have a residence 00:22:52.160 --> 00:22:56.520 requirement so if anybody that works at your facility they have to live within a 00:22:56.520 --> 00:23:03.360 certain distance from it no so they could live in you know Fort Worth or 00:23:03.360 --> 00:23:08.160 Flower Mound or okay thank you 00:23:12.960 --> 00:23:18.120 first off thank you for considering for your relocation a couple questions one 00:23:18.120 --> 00:23:23.840 why are you moving from California so it's interesting you know why secondly 00:23:23.840 --> 00:23:30.280 are you coming well I am coming okay right now 85% of our business is outside 00:23:30.280 --> 00:23:37.160 California okay so you know freight is probably the biggest driver 00:23:37.160 --> 00:23:42.960 secondarily it's just you know transiting you know we have a plant in 00:23:42.960 --> 00:23:47.720 Pennsylvania to service the East Coast because it's a 10-day transit time so we 00:23:47.720 --> 00:23:52.120 we have the dominant market share in our business segment we have a manufacturing 00:23:52.120 --> 00:23:57.240 plant in China you know so we're trying to balance you know where do we 00:23:57.240 --> 00:24:01.720 manufacture where are we most efficient and you know trying to remain efficient 00:24:01.720 --> 00:24:07.040 and ship 85% of our product outside of California we're paying it to a lot of 00:24:07.040 --> 00:24:10.400 other people and you know we could we could be retaining that so it just makes 00:24:10.400 --> 00:24:14.960 sense you know we've looked at it for the last seven years and finally it's 00:24:14.960 --> 00:24:21.520 it's just time to do it so one other quick question what is your philosophy 00:24:21.520 --> 00:24:26.960 your personal philosophy your company's philosophy on involving the community 00:24:26.960 --> 00:24:30.600 supporting the community things like that you encourage that with your 00:24:30.600 --> 00:24:36.920 employees and staff yeah that little bit for us well we're acting on until 00:24:36.920 --> 00:24:42.240 about 10 years ago I was active in Rotary and did all that I have five kids 00:24:42.240 --> 00:24:45.920 and you know they were all active in youth sports and we support the local 00:24:45.920 --> 00:24:51.680 Little League teams and soccer teams and youth camps and you know it's it's all 00:24:51.680 --> 00:25:02.960 part of one I had several questions once again thank you for coming and 00:25:02.960 --> 00:25:06.440 considering Denton my question is this how many other locations are under 00:25:06.440 --> 00:25:11.440 consideration currently we've we've focused on Denton we're trying to see 00:25:11.440 --> 00:25:15.320 if this if we can get this done we looked at a couple other sites in the 00:25:15.320 --> 00:25:22.160 greater Dallas Metro but the bulk of our freight moves JB hunt over the BNSF 00:25:22.160 --> 00:25:28.000 rail so proximity to those rail hubs is important the farther you get away from 00:25:28.000 --> 00:25:34.120 them you know it's that's kind of what drives our business as a small business 00:25:34.120 --> 00:25:40.200 owner I'm always interested in and when people come to my office I always ask 00:25:40.200 --> 00:25:44.840 them how did you find us so I'll know how to continue to spend my money so how 00:25:44.840 --> 00:25:56.480 did you find it tell us about that process this was a national search to 00:25:56.480 --> 00:26:00.920 start so we were considering other locations outside of Texas then we 00:26:00.920 --> 00:26:04.600 started zeroing in on the DFW Metroplex and had three locations within the 00:26:04.600 --> 00:26:08.960 Metroplex that we were looking at we provided a labor study to help figure 00:26:08.960 --> 00:26:12.800 out where best suited it would be to actually pull in the type of labor that 00:26:12.800 --> 00:26:16.280 he would be pursuing and with that we started looking more and more towards 00:26:16.280 --> 00:26:21.200 the north here in Denton so that's kind of how it came to pass but we did look 00:26:21.200 --> 00:26:24.440 at others outside the state they're actually very prominent in the industry 00:26:24.440 --> 00:26:31.760 that that he focuses in and it also has a lot to do with where do I want to live 00:26:31.760 --> 00:26:39.240 the senior management relocate where were we gonna live sulfur springs made 00:26:39.240 --> 00:26:48.000 us a great presentation so you would live here in Denton then I'd live some 00:26:48.000 --> 00:27:04.880 place close I'm just curious if the because I did check on the the pollution 00:27:04.880 --> 00:27:09.400 and the permitting and that didn't seem to be a concern there was zero pollution 00:27:09.400 --> 00:27:15.440 but does the is there a smell from the glues or anything that you okay thank 00:27:15.440 --> 00:27:26.760 you how you envision having a significant relationship with universities 00:27:26.760 --> 00:27:30.920 here so we have two universities here with and so can you elaborate on how you 00:27:30.920 --> 00:27:45.440 envision that not everybody is going to have an office job and we have good 00:27:45.440 --> 00:27:51.560 paying mechanically inclined jobs so we spent money with the alexidius school 00:27:51.560 --> 00:27:56.080 and it's part of the fair LA County fairgrounds where they're training young 00:27:56.080 --> 00:28:00.120 people to work with their hands and work on cars and that kind of stuff and that 00:28:00.120 --> 00:28:04.060 translates over into the mechanical stuff we were in the middle of an 00:28:04.060 --> 00:28:08.200 automation project with robotics and that kind of stuff and it's hard to find 00:28:08.200 --> 00:28:12.760 people that are they're trained with those kinds of skills so that's that's 00:28:12.760 --> 00:28:18.520 really you know the the new kind of modern robotics and automation isn't in 00:28:18.520 --> 00:28:22.280 my opinion is not very well taught everybody's of the mindset that they 00:28:22.280 --> 00:28:26.240 need to do something else so the industrial engineering is is pretty 00:28:26.240 --> 00:28:31.720 important to us 00:28:31.720 --> 00:28:36.380 quick question so so you have your I guess your lowest position is production 00:28:36.380 --> 00:28:42.480 there's 66 jobs projected out would you I guess you would anticipate most of 00:28:42.480 --> 00:28:46.840 those jobs would be filled from people that already live here in this area none 00:28:46.840 --> 00:28:49.440 of that would come from California I wouldn't expect that those people yeah 00:28:49.440 --> 00:29:01.320 okay okay thank you is there any kind of degree requirement for those types of 00:29:01.320 --> 00:29:06.240 jobs as far as high school we do have a great vocational program in our school 00:29:06.240 --> 00:29:11.680 district what kind of qualifications do you need for the entry-level positions 00:29:11.680 --> 00:29:16.020 that you have for the entry-level positions I mean we would prefer high 00:29:16.020 --> 00:29:22.400 school you know the the labor pool on the lower end you're looking for stable 00:29:22.400 --> 00:29:29.920 reliable good honest people right and we don't have a lot of turnover a lot of 00:29:29.920 --> 00:29:33.280 these people that work in these production jobs that they've been there 00:29:33.280 --> 00:29:39.480 a long time you know it's it's a it's a decent place to work and you know the 00:29:39.480 --> 00:29:44.160 climate is not much different in California that it is here we treat them 00:29:44.160 --> 00:29:50.840 well and I noticed that you do give benefits including dental life insurance 00:29:50.840 --> 00:29:58.600 401k we medical vision even so is that available to the entry-level tech 00:29:58.600 --> 00:30:03.200 position it's available to everybody that's great that's great thank you 00:30:03.200 --> 00:30:05.680 that's hard 00:30:05.680 --> 00:30:14.120 do you do you hire felons or do you have a second chance program that you 00:30:14.120 --> 00:30:18.520 I would love to but I don't I don't currently have any that we know of 00:30:18.520 --> 00:30:24.520 you're not allowed to ask part of the issue is here is that once an individual 00:30:24.520 --> 00:30:27.960 gets out they have a hard time starting over with you know job and then that 00:30:27.960 --> 00:30:32.960 means you know homelessness and so I would love to hire people like that 00:30:32.960 --> 00:30:37.640 honestly you know everybody talks about the veterans and stuff and where we are 00:30:37.640 --> 00:30:42.440 you can't find them you know there's there's there's you're looking for 00:30:42.440 --> 00:30:47.040 people we invest a lot of money training them so you want them to stay that's 00:30:47.040 --> 00:30:51.600 that's a fixed cost that you know I want to train people that'll stay and work 00:30:51.600 --> 00:30:56.440 through there's there's opportunity to advance through the company our VP of 00:30:56.440 --> 00:31:02.880 operations started at 16 years old in the machine shop now he's a VP you know 00:31:02.880 --> 00:31:10.700 it's it's if you're willing to work there's opportunity for advancement you 00:31:10.700 --> 00:31:15.960 mentioned the bulk of your product goes out via rails that 55 percent or 90 00:31:15.960 --> 00:31:21.680 percent well rough it goes out in truckload which is hauled over the rails 00:31:21.680 --> 00:31:30.000 so very a very small percentage in Southern California if it goes if it 00:31:30.000 --> 00:31:34.200 goes over a thousand miles it's going on rail if it goes five to eight hundred 00:31:34.200 --> 00:31:39.960 miles it's going on truck over the road so it's over the road and then 00:31:39.960 --> 00:31:46.440 intermodal but it's all leaving the premises by truck and the same with the 00:31:46.440 --> 00:32:02.120 in bounds in the in bound is coming in by truck so you know our internal you 00:32:02.120 --> 00:32:05.560 know we started doing the budgeting on this probably a year and a half two 00:32:05.560 --> 00:32:12.220 years ago we currently have about 15 million dollars in inventory sitting on 00:32:12.220 --> 00:32:17.840 the ground at our site just the cost to move that inventory to Dallas is over a 00:32:17.840 --> 00:32:25.080 million dollars no equipment no people no you know reconnection or any of that 00:32:25.080 --> 00:32:31.540 stuff so I know there's a there's a negative attitude towards corporate 00:32:31.540 --> 00:32:35.880 welfare but I think if you look through those slides and you see the amount of 00:32:35.880 --> 00:32:41.080 taxes that a new business brings not to mention the jobs and the other components 00:32:41.080 --> 00:32:45.680 of that the cost of picking up and moving you know at this point in my life 00:32:45.680 --> 00:32:50.000 my wife asked me you know why are you doing it you know I mean how long gonna 00:32:50.000 --> 00:32:54.040 work and and I think about it and sometimes I think yeah why am I doing it 00:32:54.040 --> 00:32:59.040 but you know the long-term objective of the company is you know you do that you 00:32:59.040 --> 00:33:03.300 do the best for the business and people that are there and you know that's that's 00:33:03.300 --> 00:33:08.840 kind of the focus right now but it's not it's not an inexpensive proposition to 00:33:08.840 --> 00:33:15.280 pick up and move and it truly does bring a lot of good things to the community so 00:33:15.280 --> 00:33:21.200 thank you John I had one last question slash comment I was in a meeting 00:33:21.200 --> 00:33:30.280 recently with Ross Perot jr. and he was quoting the the the principal at Schwab 00:33:30.280 --> 00:33:36.600 who said that he was encouraging as many businesses as possible to relocate to 00:33:36.600 --> 00:33:40.640 Texas he said this is really a wonderful place to do business and this is my 00:33:40.640 --> 00:33:45.480 question there's a lot of things on the table would you still be consider 00:33:45.480 --> 00:33:53.200 Denton if you didn't get all those things on the table well I don't want to 00:33:53.200 --> 00:33:59.480 say I wouldn't consider it but but my biggest objective is trying to how long 00:33:59.480 --> 00:34:04.360 is it going to take me to recoup the cost of relocating and the total 00:34:04.360 --> 00:34:08.600 disruption to the business for probably a year year and a half so that that's 00:34:08.600 --> 00:34:13.560 the biggest component to it you know how do you how do you you have to justify it 00:34:13.560 --> 00:34:19.760 at some point so the point mr. Perot is making or sorry the other gentleman's 00:34:19.760 --> 00:34:24.680 name yes about everybody you know should be relocating to Texas well there's a 00:34:24.680 --> 00:34:31.960 lot of other places that work you know besides Texas I grew up in a family 00:34:31.960 --> 00:34:36.760 business and we had a plant just outside of Kansas City for me I was looking at 00:34:36.760 --> 00:34:42.400 places where can I go in one plane ride right one short relatively short plane I 00:34:42.400 --> 00:34:47.360 got on a plane last night at 530 and I was here by 10 you know so it's I'm 00:34:47.360 --> 00:34:52.240 trying to balance that you know the rest of my family is still in California and 00:34:52.240 --> 00:34:59.880 they don't plan to move so if I go to you know Dallas Arlington or wherever 00:34:59.880 --> 00:35:03.760 you know it's got to be something reasonable but there's a lot of other 00:35:03.760 --> 00:35:08.600 good places to that are sort of centrally located in my and one of my 00:35:08.600 --> 00:35:13.160 biggest concerns is with all the people coming here all the companies coming 00:35:13.160 --> 00:35:19.120 here what's it going to do to the labor market and my outbound freight situation 00:35:19.120 --> 00:35:23.240 inbound and outbound the what happened when I started in business in the early 00:35:23.240 --> 00:35:30.400 90s was California was a consumer so all of those goods that were made in the in 00:35:30.400 --> 00:35:36.120 the rust belt in the Midwest and shipped to California by truck created an 00:35:36.120 --> 00:35:41.760 available pool of empty equipment so shipping east was very inexpensive and my 00:35:41.760 --> 00:35:46.160 concern is right now in the summertime California can't get enough trucks to 00:35:46.160 --> 00:35:51.240 ship all the imported goods out so when when does that flip and become a problem 00:35:51.240 --> 00:35:55.800 for the greater Dallas Metro when is there more companies here trying to 00:35:55.800 --> 00:36:00.880 ship their goods out than there are people here to consume you know our our 00:36:00.880 --> 00:36:04.720 business were essentially logistics companies how do we get our goods to the 00:36:04.720 --> 00:36:09.000 customers efficiently and when that changes and it becomes too expensive to 00:36:09.000 --> 00:36:13.000 ship out of here I think a lot of these a lot of these you know you see the 00:36:13.000 --> 00:36:17.080 Amazon and all these big buildings all over those are all consuming outbound 00:36:17.080 --> 00:36:24.640 freight so it is a thought in the back of my head thank you mr. Sears who are 00:36:24.640 --> 00:36:30.520 your customers our customers are primarily for wholesale floor covering 00:36:30.520 --> 00:36:39.320 distributors so if you PFS professional flooring services and supply based out 00:36:39.320 --> 00:36:46.120 of Fort Worth they have 25 branches in Texas and CNC wholesale based in Dallas 00:36:46.120 --> 00:36:52.160 those are those are some of the bigger ones locally but it's it's not it's not 00:36:52.160 --> 00:36:56.440 a product you're gonna go Home Depot carries it but they don't really sell it 00:36:56.440 --> 00:37:00.560 they just carry it it's it's a professional trade if you're gonna have 00:37:00.560 --> 00:37:04.960 carpet or flooring installed in your home and you hire a contractor he's gonna 00:37:04.960 --> 00:37:14.400 go to our customer to buy it any other questions for our applicant thank you so 00:37:14.400 --> 00:37:21.080 much I'll open up the item for any recommendations for further discussion 00:37:21.080 --> 00:37:28.760 we're taking motion thank you thank you thank you very much yes that's a good 00:37:28.760 --> 00:37:42.760 idea so our job today is to make a recommendation on a tax abatement and 00:37:42.760 --> 00:37:50.200 consider any of the other options as well so to get the party started I'll 00:37:50.200 --> 00:37:56.840 make a recommendation that we accept the recommendation of staff on the tax 00:37:56.840 --> 00:38:06.760 abatement on the tax abatement thank you we've got a motion second any further 00:38:06.760 --> 00:38:12.360 discussion absolutely so I I'm just gonna say that I really appreciate that 00:38:12.360 --> 00:38:16.920 they're looking at Denton and I know that din would be a great home we have 00:38:16.920 --> 00:38:21.240 the wonderful location and a fantastic workforce the people that you're looking 00:38:21.240 --> 00:38:29.600 for are actually here so I and I know that if you were not going to recoup some 00:38:29.600 --> 00:38:33.400 of that money the move wouldn't be made at all so it's going to be very 00:38:33.400 --> 00:38:38.400 beneficial for your company to be here in Texas and even in Denton so I'm not 00:38:38.400 --> 00:38:42.360 necessarily I'm not in favor of this recommendation I would be in favor of 00:38:42.360 --> 00:38:49.440 something different I am in favor of the construction sales and use tax grant I 00:38:49.440 --> 00:38:55.800 think that would be beneficial for for everyone but the recommendation I'm just 00:38:55.800 --> 00:39:06.160 not I'm going to be voting no thank you any more discussion does the incentives 00:39:06.160 --> 00:39:11.200 the construction sales and they use tax grant I'm assuming and this is probably 00:39:11.200 --> 00:39:15.440 dumb question that comes out of our general fund is that check written out 00:39:15.440 --> 00:39:19.920 of the general fund then because that's many going out as opposed to not taking 00:39:19.920 --> 00:39:25.640 the money in with a thank you so much good question Tony Tony point the chief 00:39:25.640 --> 00:39:29.920 financial officer actually this this would be sales tax that the city 00:39:29.920 --> 00:39:35.560 wouldn't otherwise get they would have to set up separate contracts through 00:39:35.560 --> 00:39:39.000 that are required through state law they would source all the construction 00:39:39.000 --> 00:39:43.400 material to Denton and then they would shake we would share back with them 00:39:43.400 --> 00:39:47.240 either percentage or the entire amount so so again this would be sell sex that 00:39:47.240 --> 00:39:51.720 we wouldn't otherwise get if it wasn't for this type of agreement and am I 00:39:51.720 --> 00:39:55.720 correct I believe that Jessica spoke earlier that these other incentives 00:39:55.720 --> 00:40:05.320 incentives I'm fine and the keys I can drive these are pretty common is what 00:40:05.320 --> 00:40:10.240 I'm understanding this is not way out of out of line that these other types of 00:40:10.240 --> 00:40:14.240 incentives are pretty are pretty common yeah I think they are common I will say 00:40:14.240 --> 00:40:18.880 that with the enterprise zone we are limited to three per year or no there's 00:40:18.880 --> 00:40:25.960 no limitation on that okay maybe I use that it's four per biennium so we've 00:40:25.960 --> 00:40:29.480 talked with the applicant about this so they would be in the net they would be 00:40:29.480 --> 00:40:33.480 applying in the next biennium which starts on September 1 but we have two 00:40:33.480 --> 00:40:38.420 bonus projects so we were actually allowed up to six I went back and did 00:40:38.420 --> 00:40:42.440 some research on this knowing that that question came up on the last one we've 00:40:42.440 --> 00:40:49.880 never reached our cap during a biennium that I could find so I don't think that 00:40:49.880 --> 00:40:54.920 that I mean certainly there is an opportunity cost but I'm not sure if we 00:40:54.920 --> 00:40:59.600 could quantify that because we've never hit that cap of having six combination 00:40:59.600 --> 00:41:04.560 in the rollback taxes are estimated to be about 4,000 and that sometimes dealt 00:41:04.560 --> 00:41:08.360 with in the purchase sales contract you know as far as you know who's gonna get 00:41:08.360 --> 00:41:13.040 tagged with those but okay that's been looked at and that's the number we're 00:41:13.040 --> 00:41:19.100 talking about $4,000 when we estimated thank you very helpful thank you any 00:41:19.100 --> 00:41:27.360 more questions or discussion on the motion yes if we were to if we were to 00:41:27.360 --> 00:41:37.080 put forth a 25% abatement how would that change the color thing a 25% for how 00:41:37.080 --> 00:41:43.400 many years about 15% last John so at 25 00:41:48.880 --> 00:42:03.040 is available for tax thank you 25% for four years would be eighty thousand six 00:42:03.040 --> 00:42:09.040 hundred and sixty two dollars estimated so it's about fifty thousand dollars 00:42:09.040 --> 00:42:16.440 less to their company so for the recoup then it would be an additional how many 00:42:16.440 --> 00:42:21.840 years to recoup that that difference to get close so five years would be a 00:42:21.840 --> 00:42:26.000 hundred thousand just over a hundred thousand six years would be 120 and then 00:42:26.000 --> 00:42:36.880 seven years it would jump up to 141 so it would have to be a longer term the 00:42:36.880 --> 00:42:41.360 reason I'm when I look at the comparison sheet where we compare tracks Tyson and 00:42:41.360 --> 00:42:51.200 US cold storage US cold storage did not get an abatement Tyson got 25% so I'd be 00:42:51.200 --> 00:42:56.200 hard-pressed to do 40 u.s. cold storage was approved here and denied it city 00:42:56.200 --> 00:43:17.920 council and Tyson is for a longer period of time so I guess you can see where I'm 00:43:17.920 --> 00:43:28.640 headed right okay Gerard thank you Gerard the citizen because it's still just 00:43:28.640 --> 00:43:33.880 repeat makes me crazy that we're making a recommendation to Gerard the city 00:43:33.880 --> 00:43:41.440 council person but that being said drug the citizen says this this this checks a 00:43:41.440 --> 00:43:47.480 lot of boxes one as we're moving closer to so the city in this area has the 00:43:47.480 --> 00:43:52.800 police firing range right next door to that and so this begins to have 00:43:52.800 --> 00:43:57.000 development we're gonna move that right and so what I'm saying is it helps us 00:43:57.000 --> 00:44:02.120 continue to develop that area put that you that area to a different use and and 00:44:02.120 --> 00:44:07.760 kind of incentivizes others to come together this this area it moves it 00:44:07.760 --> 00:44:13.640 closer moves development closer to the airport which is not a bad thing and 00:44:13.640 --> 00:44:17.600 then you talk about friends family relatives coming from California we're 00:44:17.600 --> 00:44:20.960 gonna have two runways and hopefully with the automation there's gonna be 00:44:20.960 --> 00:44:26.960 Texas so I think it benefits the airport that general area one two it helps bring 00:44:26.960 --> 00:44:33.120 that development closer so that you kind of feel encompassed by the airport and 00:44:33.120 --> 00:44:38.320 for that as just as an individual I'm encouraged by the years don't give me 00:44:38.320 --> 00:44:44.120 heartburn for years and is appealing I think we do have the workforce and I 00:44:44.120 --> 00:44:49.320 look forward to the opportunities to discuss different skill sets you know 00:44:49.320 --> 00:44:53.360 and I think it just fits well especially with the I'm passionate about 00:44:53.360 --> 00:44:58.800 internships and that type thing so we need these type businesses to support 00:44:58.800 --> 00:45:03.280 our college students so that they can stay here and work here so I'm fine with 00:45:03.280 --> 00:45:10.560 staffs recommendations I'm good with the construction sales grant that's 00:45:10.560 --> 00:45:14.600 that's worked well in the past but I think it just again it fits well with 00:45:14.600 --> 00:45:19.640 what where we're going and kind of the organic progress we're making in that 00:45:19.640 --> 00:45:28.160 area thank you any more discussion for the comments we've got a motion and a 00:45:28.160 --> 00:45:36.480 second for recommendation for a 40% tax abatement over four years there's no 00:45:36.480 --> 00:45:50.560 more discussion all those in favor say aye aye any opposed get that noted motion 00:45:50.560 --> 00:45:56.760 carries let's tackle the other incentives I guess one at a time 00:45:56.760 --> 00:46:01.760 anybody want to discuss the sales and tax use grant or make a recommendation 00:46:01.760 --> 00:46:04.560 there 00:46:04.560 --> 00:46:18.600 Tony would you mind coming back up for some questions of course not of course 00:46:18.600 --> 00:46:28.280 not just so we make sure the group understands that thirty nine thousand 00:46:28.280 --> 00:46:35.840 dollar is a savings to the company but not necessarily a loss to the city is 00:46:35.840 --> 00:46:42.080 that that is correct okay correct so there's it's not the city giving you 00:46:42.080 --> 00:46:46.320 thirty nine thousand six hundred dollars is just a way for them to have the 00:46:46.320 --> 00:46:50.920 product ship here where they save on the sales tax correct again that they will 00:46:50.920 --> 00:46:56.600 have to source all those those construction materials to Denton so 00:46:56.600 --> 00:47:00.800 there's some contracting that they'll have to do as a reporting requirements 00:47:00.800 --> 00:47:04.520 I'll do back to the city I will just want to make sure that we're clear is 00:47:04.520 --> 00:47:10.280 that there will be a separate third-party contract because the company 00:47:10.280 --> 00:47:15.240 that's actually going to build that site for them is not the company so we'll 00:47:15.240 --> 00:47:20.760 have to have a third-party agreement between I think it's is it ironwood and 00:47:20.760 --> 00:47:26.280 the company in the city to be able to get that back and so again we'll have to 00:47:26.280 --> 00:47:30.520 work through that but again this is sales tax that is going to be paid right 00:47:30.520 --> 00:47:32.960 now it's not going to be sourced to Denton so it's going to go somewhere 00:47:32.960 --> 00:47:36.840 else so this would be sourcing it to Denton and I think we're giving them 00:47:36.840 --> 00:47:41.600 back a percentage not the entire thing is a double thing it's 50% so 50% correct 00:47:41.600 --> 00:47:46.520 so there'll be $40,000 Delta that that'll come back to the city to whenever 00:47:46.520 --> 00:47:53.680 otherwise I've received okay that's it's good to know so if we don't do that we 00:47:53.680 --> 00:47:59.240 miss out on $40,000 maybe we'd like to make a 00:47:59.240 --> 00:48:18.680 recommendation I'll make a recommendation that we approve the other 00:48:18.680 --> 00:48:24.480 incentives that's recommended by staff all of those or just the first we're 00:48:24.480 --> 00:48:32.080 talking about the first way I do have a note on the last one and you could do 00:48:32.080 --> 00:48:36.440 the first two together and the last one the additional four thousand I will say 00:48:36.440 --> 00:48:41.600 that an additional grant of that can be dealt with most simply through the 00:48:41.600 --> 00:48:47.560 abatement process because five percent on the abatement in year one would be 00:48:47.560 --> 00:48:53.160 equal to about four thousand dollars and it just eliminates an administrative 00:48:53.160 --> 00:48:57.960 burden on both sides so I would make the recommendation that if you if that's 00:48:57.960 --> 00:49:01.040 something you want if the board wants to pursue that that we simply increase the 00:49:01.040 --> 00:49:08.920 abatement in year one to accomplish that my comment on rollback taxes I don't 00:49:08.920 --> 00:49:14.120 like we've ever done that before that's not a large amount of money I'm gonna 00:49:14.120 --> 00:49:20.000 say for either side what concerns me is if we do start doing that and everybody 00:49:20.000 --> 00:49:24.940 else starts asking for it as well well then I'll restate my motion to approve the 00:49:24.940 --> 00:49:35.540 construction sales and tax grant and the nomination to the TC zone program got a 00:49:35.540 --> 00:49:45.280 motion and a second Jason discussion Keely well these come to a council as 00:49:45.280 --> 00:49:51.800 two separate items or is it just all one because like I said before I was 00:49:51.800 --> 00:49:55.880 completely in favor of the other incentives without the abatement but 00:49:55.880 --> 00:50:03.160 together it's not so I mean I'm in favor of these so yes but if it's all together 00:50:03.160 --> 00:50:08.800 then no so I'm just trying to so break it up the general plan would be to bring 00:50:08.800 --> 00:50:14.800 the entire package forward as a work session item on August 6th okay but each 00:50:14.800 --> 00:50:20.400 individual agreement has its own approval process so the contracts the 00:50:20.400 --> 00:50:25.560 abatement would be done separately the contract for this construction sales and 00:50:25.560 --> 00:50:30.580 use tax would be separate it would be a separate action item for council so the 00:50:30.580 --> 00:50:35.040 other incentives would be a separate I mean for us like I'm first city council 00:50:35.040 --> 00:50:38.400 yes each individual the abatement would have to go through the public hearing 00:50:38.400 --> 00:50:42.160 and then the approval process the construction sales and use tax contract 00:50:42.160 --> 00:50:46.640 would go through that process and the enterprise zone would go through the 00:50:46.640 --> 00:50:52.420 approval process okay I just I submit like from here from this board going to 00:50:52.420 --> 00:50:58.200 them so having some familiarity with the Texas enterprise own program I just 00:50:58.200 --> 00:51:09.960 want so having some familiarity with the Texas enterprise own program I would 00:51:09.960 --> 00:51:13.600 point out that it is tied to the creation of the reinvestment zone and 00:51:13.600 --> 00:51:17.640 the public hearing that would also have to be going on are part of the 00:51:17.640 --> 00:51:21.820 application process for the enterprise own program so those two kind of do get 00:51:21.820 --> 00:51:25.840 tied together slightly and there is no contract for the Texas enterprise zone 00:51:25.840 --> 00:51:29.480 for the city it's kind of a pass-through for you guys that goes straight to the 00:51:29.480 --> 00:51:33.920 state but normally the creation of the enterprise zone or the reinvestment zone 00:51:33.920 --> 00:51:38.160 that goes with the tax abatement and public hearing that goes with that go 00:51:38.160 --> 00:51:43.640 into the application that makes some sense yes they could dip sorry city 00:51:43.640 --> 00:51:47.240 council typically approves a resolution formally nominating you that's the 00:51:47.240 --> 00:51:57.800 approval item so the sales and tax use grant is really not a incentive that 00:51:57.800 --> 00:52:01.760 we're giving them by allowing them to do that we're getting more money than we 00:52:01.760 --> 00:52:10.040 would get normally so based on their construction costs they would bring in 00:52:10.040 --> 00:52:13.840 another eighty thousand dollars in sales tax revenue as an estimate to the city 00:52:13.840 --> 00:52:19.800 of Denton by going through this process we would capture half of that and they 00:52:19.800 --> 00:52:26.240 would save half of that so that's actually a better deal for the city by 00:52:26.240 --> 00:52:37.860 approving that we need to call that in incentive or not but anyway just by not 00:52:37.860 --> 00:52:45.800 approving that we lose forty thousand dollars so we have a motion for the 00:52:45.800 --> 00:52:51.800 sales and use tax grant and Texas Enterprise zone for approvals any more 00:52:51.800 --> 00:52:59.520 discussion just one question all of these proposals are a recommendation to 00:52:59.520 --> 00:53:05.280 consider something that's not a recommendation that we do it so why are 00:53:05.280 --> 00:53:08.460 we going through all this we're making a recommendation that we do it but the 00:53:08.460 --> 00:53:13.660 recommendation is to City Council they they approve it okay that's not what it 00:53:13.660 --> 00:53:19.440 says I just I remember an old district judge we used to have when he was 00:53:19.440 --> 00:53:25.600 qualifying jurors somebody would ask him the question could you consider giving 00:53:25.600 --> 00:53:30.760 probation he would quickly say they can consider to go into the moon question is 00:53:30.760 --> 00:53:34.400 can they consider it with the idea of doing it well I'm just not sure what 00:53:34.400 --> 00:53:38.920 kind of recommendation the right the way it's worded up there is that they've 00:53:38.920 --> 00:53:41.680 asked us to consider this and we're making a recommendation the 00:53:41.680 --> 00:53:45.880 recommendation is not to consider it it's to we recommend to the City Council 00:53:45.880 --> 00:53:51.120 to do better not to do it we're considering it right now good point 00:53:51.120 --> 00:53:58.040 though change words so motion and the second to approve a construction of 00:53:58.040 --> 00:54:04.000 sales use grant and nominate them to a Texas Enterprise zone program any more 00:54:04.000 --> 00:54:13.440 discussion comments questions all those in favor say aye aye any opposed all 00:54:13.440 --> 00:54:19.340 right motion carries and on the rollback taxes is anybody have any discussion or 00:54:19.340 --> 00:54:24.880 comments or want to make a motion on that 00:54:26.480 --> 00:54:55.860 Tony do you mind tell me understand Marty's point is valid so others have 00:54:55.860 --> 00:55:01.240 not utilized this tool what kind of help me understand the rationale or benefits 00:55:01.240 --> 00:55:05.040 pros cons of it can you help me understand just the process generally and 00:55:05.040 --> 00:55:10.480 what it's targeted to do the rollbacks it's objective is to what so so 00:55:10.480 --> 00:55:17.440 basically these are ag exempt properties and so per the statute once that use 00:55:17.440 --> 00:55:24.720 changes then there's a retroactive look at what the taxes would have been for a 00:55:24.720 --> 00:55:30.520 period of time and so that's kind of the rollback component but again this is all 00:55:30.520 --> 00:55:36.160 really specific to those ag's exempt properties that that are out there and 00:55:36.160 --> 00:55:41.400 certainly as we start looking at development across you know a vast 00:55:41.400 --> 00:55:45.160 portion of the city of Denton will probably be seeing more and more of 00:55:45.160 --> 00:55:51.240 these rollback scenarios but again it's not something that we've seen at least 00:55:51.240 --> 00:55:55.640 in the recent past but again as we continue to develop into those outlying 00:55:55.640 --> 00:56:01.600 areas in the city likely to see more and more of that so so if making sure I 00:56:01.600 --> 00:56:05.240 understand you right there's going to be removing that ag exempt there's kind of 00:56:05.240 --> 00:56:11.080 a spike or peak and so it's to one way to dull that to to kind of transition it 00:56:11.080 --> 00:56:15.200 that's correct that's correct and again it's a it's about a four thousand dollar 00:56:15.200 --> 00:56:25.440 impact that that we'd be looking at like all the entities the entire property 00:56:25.440 --> 00:56:29.600 will be subject to the rollback taxes the four thousand dollars is just their 00:56:29.600 --> 00:56:35.040 portion of the since they're just taking that small component of the business 00:56:35.040 --> 00:56:43.520 park property that's the portion attributable to that area got it so the 00:56:43.520 --> 00:56:47.560 rollback taxes is something that's retroactive so they go back and it's as 00:56:47.560 --> 00:56:53.200 if they did not the property did not have the ag exemption they then appraise 00:56:53.200 --> 00:56:59.520 it at the value without the ag exemption and then you pay that amount going 00:56:59.520 --> 00:57:05.800 forward for the past few years had there not been an ag exemption once the change 00:57:05.800 --> 00:57:13.320 occurs so it's incurred taxes in the back for past years that you pay moving 00:57:13.320 --> 00:57:21.360 forward once you've changed the use of the property that helps those taxes are 00:57:21.360 --> 00:57:26.560 paid to the county in the school as well correct the exemption applies across all 00:57:26.560 --> 00:57:33.120 the jurisdictions but it to your point it looks like we're talking about I'm 00:57:33.120 --> 00:57:38.240 sorry Steve Edgar we're talking about maybe a quarter of the overall ironwood 00:57:38.240 --> 00:57:43.920 business part so you're saying for this particular application it's 25% of four 00:57:43.920 --> 00:57:54.160 thousand dollars no the value the 37 it was 3760 somewhere in there that it's 00:57:54.160 --> 00:58:00.120 attributable just to that 10 approximate 10 acres that tracks would be taking 00:58:00.120 --> 00:58:04.720 ownership of not the entirety so they conducted an analysis what were the 00:58:04.720 --> 00:58:08.880 rollback taxes for the entire property entire ironwood site and what if those 00:58:08.880 --> 00:58:14.440 is attributable to their site and that's the number that we're looking at true 00:58:14.440 --> 00:58:19.960 attribute so the entity that purchased that property from the razor family is 00:58:19.960 --> 00:58:24.280 paying rollback taxes on all of that stuff and they're selling this part 00:58:24.280 --> 00:58:29.320 trying to pass that on to your applicant today 00:58:29.320 --> 00:58:34.800 I'd like to just give my opinion is I don't know if I want to open Pandora's 00:58:34.800 --> 00:58:38.760 box as far as this has not been something typically considered I don't 00:58:38.760 --> 00:58:43.320 know that 4,000 is going to be the make or break and it's not necessarily this 00:58:43.320 --> 00:58:50.880 one here today but I'm personally not inclined I'm in favor of all of the other 00:58:50.880 --> 00:59:03.540 abatement incentives I'm probably not in favor with adding tackiness one unless 00:59:03.540 --> 00:59:08.960 anybody wants to make a motion to do that I guess we'll call this item closed 00:59:08.960 --> 00:59:14.640 everybody a few seconds for lack of emotion for lack of emotion we will move 00:59:14.640 --> 00:59:19.160 forward and these will go towards City Council for recommendation based on one 00:59:19.160 --> 00:59:23.920 of those actions today so thank you for being here appreciate the opportunity 00:59:23.920 --> 00:59:30.800 all right since we started out of order I'm going to go out of order again and 00:59:30.800 --> 00:59:34.560 we'll start with her next with 00:59:34.560 --> 00:59:43.560 EDP 19 - 036 receive report whole discussion and give staff direction 00:59:43.560 --> 00:59:49.720 regarding the downtown task force policy had discussions about this last month 00:59:49.720 --> 00:59:55.080 and the staff has put together a recommended policy hopefully everybody's 00:59:55.080 --> 00:59:59.600 had a chance to look and review that Jessica will come up and give everybody 00:59:59.600 --> 01:00:02.040 a report 01:00:13.560 --> 01:00:23.240 a little bit of a more exciting item on this one we have a lot of items to 01:00:23.240 --> 01:00:30.360 discuss so the task force policy really the purpose here today there are 01:00:30.360 --> 01:00:35.000 actually two agenda items that you'll see related to this we separated out 01:00:35.000 --> 01:00:38.640 sort of the discussion where we want to get your feedback we put a separate 01:00:38.640 --> 01:00:45.880 action item on it if you want to adopt the policy today you can but I will say 01:00:45.880 --> 01:00:51.400 the task force meets tomorrow morning and we have an item on their agenda to 01:00:51.400 --> 01:00:56.160 discuss the outcome of today so if for some reason you wanted to get their 01:00:56.160 --> 01:01:00.800 feedback or recommendations before adopting the policy that you would have 01:01:00.800 --> 01:01:04.280 the opportunity to do so there is no need to take action today if you choose 01:01:04.280 --> 01:01:14.200 not to so at our last meeting you gave us direction to continue the task force 01:01:14.200 --> 01:01:19.400 but bring back a policy or guidelines for consideration and some of the items 01:01:19.400 --> 01:01:22.720 that you wanted to see would be the appointment or reappointment of members 01:01:22.720 --> 01:01:28.120 of the task force and review what constitutes downtown for the purposes of 01:01:28.120 --> 01:01:35.320 the task force so staff put together based on your feedback a draft task force 01:01:35.320 --> 01:01:41.080 policy it has three primary sections authorization and purpose membership and 01:01:41.080 --> 01:01:47.960 structure and meetings and reporting so in terms of the authorization and purpose 01:01:47.960 --> 01:01:52.040 as we discussed last time you are authorized under your ordnance created 01:01:52.040 --> 01:01:58.340 by your ordinance to create task forces or subcommittees the purpose of the 01:01:58.340 --> 01:02:02.320 economic of the downtown task force would be to advise you on matters 01:02:02.320 --> 01:02:06.440 related to economic development in downtown Denton or any matters that may 01:02:06.440 --> 01:02:11.720 impact economic development in downtown Denton we left that a little broad part 01:02:11.720 --> 01:02:15.480 of the discussion last time was sometimes things happen adjacent to or 01:02:15.480 --> 01:02:20.840 near to downtown that impact downtown and we didn't want to tie it to a 01:02:20.840 --> 01:02:24.840 specific geographic boundary and say it has to be a project or something that's 01:02:24.840 --> 01:02:30.280 occurring in this area we all know a road would be an easy thing that their 01:02:30.280 --> 01:02:34.960 connections that exist beyond downtown that may be of interest to development 01:02:34.960 --> 01:02:40.840 in downtown so we wanted to leave that broad and open we included a list of 01:02:40.840 --> 01:02:47.120 items that would be the could discuss but not limited to discuss items these 01:02:47.120 --> 01:02:51.020 are the same items you saw in the last presentation it may be capital projects 01:02:51.020 --> 01:02:56.760 it may be a specific economic development project it may be recruitment 01:02:56.760 --> 01:03:02.480 retention expansion in downtown it could also be solid waste and recycling 01:03:02.480 --> 01:03:06.080 projects we have a big solid waste and recycling project going on downtown 01:03:06.080 --> 01:03:10.240 right now a pilot program that we'd be looking to you and certainly that's 01:03:10.240 --> 01:03:13.600 something we'd want to take to the task force being that they would be familiar 01:03:13.600 --> 01:03:20.320 with how busy their business needs in that area they also would be making the 01:03:20.320 --> 01:03:24.480 recommendations on the grant program but those recommendations will now be going 01:03:24.480 --> 01:03:29.640 to the TERS board as opposed to you guys I think we're not we're still gonna be 01:03:29.640 --> 01:03:33.280 recommending to you guys for the next few as we have general fund dollars but 01:03:33.280 --> 01:03:36.880 then they'll be making those recommendations to the TERS board but 01:03:36.880 --> 01:03:42.680 that was sort of the summation of that section of the document but I'm happy to 01:03:42.680 --> 01:03:57.320 answer any questions or on that section yeah or or okay and as we discussed 01:03:57.320 --> 01:04:02.080 last time I included this map now this is the cultural district map we used 01:04:02.080 --> 01:04:07.440 this as sort of the expansion of downtown and I would consider this like 01:04:07.440 --> 01:04:12.240 I said a soft bordered kind of map and things that would be adjacent to this 01:04:12.240 --> 01:04:19.200 properties that might be you know at the corner of Carroll and Sycamore may maybe 01:04:19.200 --> 01:04:22.200 something the task force wanted to discuss or a project that would be 01:04:22.200 --> 01:04:28.160 occurring in this area just for consideration this may not be what 01:04:28.160 --> 01:04:32.680 this group thinks it wants to define as downtown it was just simply a starting 01:04:32.680 --> 01:04:39.160 place to have that discussion it does go as far south as Prairie right here and 01:04:39.160 --> 01:04:44.080 Wilson and then as far north here is withers and Parkway so I certainly 01:04:44.080 --> 01:04:48.760 wanted your feedback this map was what you were thinking is for expansion of 01:04:48.760 --> 01:04:55.200 the definition of downtown or if you wanted to consider some other area 01:04:55.200 --> 01:05:06.640 mr. Baynes you're good you thinking okay thank you okay so I'll move on to the 01:05:06.640 --> 01:05:12.320 next section which is where I need a lot of feedback and recommendation from this 01:05:12.320 --> 01:05:17.620 group so membership and structure the first item is number of members so 01:05:17.620 --> 01:05:24.120 written in the draft policy we have at least 13 members for discussion we 01:05:24.120 --> 01:05:27.720 wanted to bring forward whether the board would like to set a minimum number 01:05:27.720 --> 01:05:34.840 of members a maximum number of members a hard cap of we're gonna have exactly 15 01:05:34.840 --> 01:05:38.920 members so we know how many seats are vacant but I wanted to leave that up to 01:05:38.920 --> 01:05:47.980 the board to discuss what you felt was most appropriate for that body we got to 01:05:47.980 --> 01:05:52.480 13 to be fair it wasn't a number out of anywhere if you count the the number of 01:05:52.480 --> 01:05:57.640 groups being represented it was 13 that's how we kind of came up with at 01:05:57.640 --> 01:06:04.640 least 13 does that include somebody from this board so we have to be one of those 01:06:04.640 --> 01:06:09.660 that's in yes separate section is that EDP would will have a member on the 01:06:09.660 --> 01:06:17.160 task but we have 13 that was we want representative plus right that would be 01:06:17.160 --> 01:06:22.240 that at least 13 you yeah we didn't in the draft we didn't make it a 01:06:22.240 --> 01:06:26.960 requirement that you had someone from all these it's just saying your intention 01:06:26.960 --> 01:06:30.800 is to have someone that represents that you could have someone like Marty on the 01:06:30.800 --> 01:06:35.240 task force who represents the EDP who is lives downtown and who is a business 01:06:35.240 --> 01:06:39.440 owner you know in a baker professional you could have someone that represents 01:06:39.440 --> 01:06:44.520 multiple ones of these so instead of making them specific like this board is 01:06:44.520 --> 01:06:49.320 leaving it open to you well maybe we need someone who does check multiple 01:06:49.320 --> 01:06:56.240 boxes or maybe we need someone who it's just one of those but that was one of 01:06:56.240 --> 01:07:00.480 the items we wanted to have the discussion with today get guidance on 01:07:00.480 --> 01:07:07.760 that are there any requirements around quorum yes so in the next section what I 01:07:07.760 --> 01:07:16.280 did was make it a flexible quorum so if there were 13 if this board said there 01:07:16.280 --> 01:07:20.640 are 13 members currently we could have 19 but right now we have 13 officially 01:07:20.640 --> 01:07:26.400 named to the board quorum would be a majority of appointed members so at that 01:07:26.400 --> 01:07:30.480 point it would be seven if there were 14 members it would become eight if there 01:07:30.480 --> 01:07:35.600 were 15 it would stay at eight and so on so it was a little bit of a flexible 01:07:35.600 --> 01:07:44.640 that section would obviously change if if a number was selected thank you oh I 01:07:44.640 --> 01:07:53.200 just I think I've answered my own question I'm good just for discussion I 01:07:53.200 --> 01:07:59.760 kind of like the idea having a minimum number just so if six people show up to 01:07:59.760 --> 01:08:06.000 vote on you know even if you have 13 if it's only six or seven show up and four 01:08:06.000 --> 01:08:10.840 people vote for something is that really enough to make a decision coming out 01:08:10.840 --> 01:08:18.920 of their recommendation a couple of comments that's all right 01:08:18.920 --> 01:08:27.000 Jill jester 13 seems like a lot of people you get those types of groups 01:08:27.000 --> 01:08:33.880 represented and at least during my time on the task force and you know almost 01:08:33.880 --> 01:08:39.000 everyone has an opinion and so my thought is wow if everyone shows up and 01:08:39.000 --> 01:08:43.960 everyone wants to that's a that's a long meeting maybe that's a good or bad thing 01:08:43.960 --> 01:08:50.000 but it seems like a lot to require is our minimum maybe and the other thing I 01:08:50.000 --> 01:08:53.800 just wanted to throw out is what about term limits where someone rolls off a 01:08:53.800 --> 01:08:59.800 year and then can be back on just to create some diversity of perspectives 01:08:59.800 --> 01:09:07.480 since there is right now no no type of term no type of cycling on and off I 01:09:07.480 --> 01:09:12.880 mean not that we want to bar people that have a good perspective and an interest 01:09:12.880 --> 01:09:18.360 and an insight but I think maybe a year off and then going back on even if it's 01:09:18.360 --> 01:09:21.840 like a six-year term or something so currently in the draft there's no term 01:09:21.840 --> 01:09:26.600 limit for anyone and we do or wrote in that it would be an annual appointment 01:09:26.600 --> 01:09:30.160 process so this board would be brought forward with a list but we could 01:09:30.160 --> 01:09:35.680 certainly add a term limit in it has that been done in the past I don't 01:09:35.680 --> 01:09:40.280 remember voting on the members since I've been it did not appear to have been 01:09:40.280 --> 01:09:45.160 sent since yes it's supposed to have been voted on every year I found the 01:09:45.160 --> 01:09:55.800 last time it happened was 2017 which I believe was when you were appointed my 01:09:55.800 --> 01:10:00.280 goal would be to schedule it to require and as part of this policy require an 01:10:00.280 --> 01:10:06.560 annual or appointment or reappointment process to make that clear I'm not so 01:10:06.560 --> 01:10:12.240 sure having terms is not a bad idea just something if you've had the same person 01:10:12.240 --> 01:10:15.840 on there for 15 years sometimes that's great sometimes it'd be nice to have 01:10:15.840 --> 01:10:19.800 somebody different they could roll off and come back on take a year off or 01:10:19.800 --> 01:10:24.800 something like that at the same time if you ever try to get people for 01:10:24.800 --> 01:10:27.600 committees it's awfully hard to get people to want to come and do all that 01:10:27.600 --> 01:10:36.660 stuff so you want to keep those folks engaged and active my thought on the on 01:10:36.660 --> 01:10:41.640 the Main Street president is to make them a voting member include them in 01:10:41.640 --> 01:10:47.000 that just instead of those people are deeply involved in what's going on 01:10:47.000 --> 01:10:52.800 downtown and it's a different person every year I think they all have a vote 01:10:56.920 --> 01:11:04.400 that was that was on my list as well to have the Main Street in the membership 01:11:04.400 --> 01:11:14.720 actually and and I also am in favor of a term limit I know that for those who 01:11:14.720 --> 01:11:18.880 nominate if somebody is willing to stay on it's easier for us to still let them 01:11:18.880 --> 01:11:22.760 do that and to sort of go out and you know ask for someone else in the 01:11:22.760 --> 01:11:27.520 community to step up and so if there's not something that's there that that 01:11:27.520 --> 01:11:34.080 allows us to I don't have an open seat at some point then it's likely that 01:11:34.080 --> 01:11:39.000 those members will just stay on and I think at one year out and then one year 01:11:39.000 --> 01:11:47.320 back is is a good is a good thing I we have ours is six years right on in other 01:11:47.320 --> 01:11:52.080 policies but I don't know if we want to do that make it consistent or if we have 01:11:52.080 --> 01:11:56.520 something different for this one like you know I'm not I'm not sure if you 01:11:56.520 --> 01:12:03.600 want to reference this board has a six-year total of your term six to your 01:12:03.600 --> 01:12:08.520 terms three consecutive six years total and then sit out the year and then yeah 01:12:08.520 --> 01:12:11.800 so I mean if we wanted to make it consistent with this board that would be 01:12:11.800 --> 01:12:20.400 probably good idea okay and then you could draw names for who's got one year 01:12:20.400 --> 01:12:30.960 after two years or how that's gonna work in the past the that committee has put 01:12:30.960 --> 01:12:34.800 the list together and made a recommendation to this board as far as 01:12:34.800 --> 01:12:39.180 the nomination I don't know if that needs a changer so I'm in the draft 01:12:39.180 --> 01:12:42.920 policy the statement on recommendations for appointments with that would be 01:12:42.920 --> 01:12:47.640 either or either the task force could make a recommendation or this board 01:12:47.640 --> 01:12:53.560 could make a recommendation but when the adoption of the kind of slate of 01:12:53.560 --> 01:12:59.160 candidates would be made by this board so you may ask for recommendations from 01:12:59.160 --> 01:13:02.880 task force or you may have to make your own 01:13:02.880 --> 01:13:13.720 so one of the other items in this section is sort of solidifying that an 01:13:13.720 --> 01:13:19.160 a member of the EDP we must serve on the task force it could be it's at least one 01:13:19.160 --> 01:13:24.760 so it could be more than one member of the EDP could serve on the task force if 01:13:24.760 --> 01:13:30.720 more than one member of the EDP serves on the task force then we have to have a 01:13:30.720 --> 01:13:37.700 selection of a chair and this policy also would solidify that a member of the 01:13:37.700 --> 01:13:43.840 EDP serves as chair of that body so if multiple members of the EDP were on it 01:13:43.840 --> 01:13:49.220 the task force would select their chair from the multiple members of the EDP 01:13:49.220 --> 01:13:56.160 members on that board if there was only one that person is the de facto chair 01:13:56.160 --> 01:14:01.800 the vice chair selection and the draft policy has written that the vice chair 01:14:01.800 --> 01:14:06.560 can be any member serving on the task force so it does not have to be a a 01:14:06.560 --> 01:14:12.920 member of the EDP but that's certainly up for discussion 01:14:29.200 --> 01:14:37.560 on my last page it says this is not it was it was originally but it has 01:14:37.560 --> 01:14:43.360 continued and so Marty and I had discussed possibly changing the name to 01:14:43.360 --> 01:14:49.040 just be the downtown subcommittee the downtown advisory committee something to 01:14:49.040 --> 01:14:58.840 make its name more conducive to what it does yes downtown economic development 01:14:58.840 --> 01:15:02.200 something to remind everybody when they're there this is an economic 01:15:02.200 --> 01:15:23.440 development committee that makes it a lot longer name but downtown economic development committee we'd 01:15:23.440 --> 01:15:32.160 refer to everything as acronym so it's okay if the name is long so is there 01:15:32.160 --> 01:15:37.200 any other discussion or items related to this section or with the few changes 01:15:37.200 --> 01:15:42.840 adding Main Street as a voting member turn adding in term limits at six years 01:15:42.840 --> 01:15:53.160 we would divide it it would be two-year terms is that anything in there anybody 01:15:53.160 --> 01:16:00.040 wants to change or talk about I would like to recommend that we make those 01:16:00.040 --> 01:16:05.560 changes if we can today and have that get some feedback from the task force 01:16:05.560 --> 01:16:11.760 sure well we can incorporate those and then take that and there's one more 01:16:11.760 --> 01:16:22.160 section what number did we settle as a minimum I don't know that we did do you 01:16:22.160 --> 01:16:34.720 have one in mind I guess from the years of experience doing that to have all 01:16:34.720 --> 01:16:40.320 those people and the main thing is to have enough reasons not make up reasons 01:16:40.320 --> 01:16:44.880 but have enough reasons things going on for this group to meet and give us some 01:16:44.880 --> 01:16:49.640 feedback and if there's nothing to meet about they don't have to have a meeting 01:16:49.640 --> 01:16:58.120 but I have noticed in the last couple one of the last recommendations for 01:16:58.120 --> 01:17:03.120 reimbursement grant like seven people voted so if we've got a list of 01:17:03.120 --> 01:17:06.960 potentially 15 people and we're wanting involved in all this process and only 01:17:06.960 --> 01:17:12.680 seven people show up I guess that can just be accounted for when we're here 01:17:12.680 --> 01:17:21.520 in their recommendations John Baines is there a a list of things that the 01:17:21.520 --> 01:17:29.920 downtown task forces is charted to address or are they able to discuss an 01:17:29.920 --> 01:17:39.600 unbounded number of things she she added a broad definition second paragraph 01:17:39.600 --> 01:17:44.160 there so yes under the authorization and purpose so it would be just kind of 01:17:44.160 --> 01:17:48.240 twofold the first would be anything related to economic development in 01:17:48.240 --> 01:17:54.020 downtown or that may impact economic development in downtown and then we 01:17:54.020 --> 01:17:59.400 listed out some possible items these are a list that we put together based on the 01:17:59.400 --> 01:18:03.760 last five years of items that have gone before the task force which would be 01:18:03.760 --> 01:18:09.840 capital projects such as the new streets that was an item that we wanted to get 01:18:09.840 --> 01:18:14.760 task force feedback take it lighting downtown we wanted to get the task force 01:18:14.760 --> 01:18:22.520 feedback because that gets us really insight into a really different array of 01:18:22.520 --> 01:18:26.480 individuals that represent different interests downtown so through the task 01:18:26.480 --> 01:18:31.440 force we might get recommendations of as a business owner this is how a capital 01:18:31.440 --> 01:18:35.920 project might impact me but maybe also from a historic preservation component 01:18:35.920 --> 01:18:41.560 this is how a project might impact downtown and so we take a variety of 01:18:41.560 --> 01:18:47.080 things through the task force just simply to get feedback from a group of 01:18:47.080 --> 01:18:51.520 downtown stakeholders thank you 01:18:51.520 --> 01:19:01.000 Keely so on the numbers so there's 11 now and then so 12 would be if we move 01:19:01.000 --> 01:19:05.960 the main street up then that would be 12 right and then if you have an EDP 01:19:05.960 --> 01:19:11.560 member on there would be 13 is that where you got the 13 from it yes there 01:19:11.560 --> 01:19:17.160 have traditionally been 13 people on it but the groups represented it was 13 so 01:19:17.160 --> 01:19:22.660 that's why we just sort of that's a starting place yeah we just added NCTC I 01:19:22.660 --> 01:19:29.160 think as a stakeholder because of their move and the person that they have 01:19:29.160 --> 01:19:38.040 recently resigned was Don from Methodist Church yeah they should be on it well I 01:19:38.040 --> 01:19:45.280 don't know I mean that's a NCTC yeah NCTC and we added and I don't believe we 01:19:45.280 --> 01:19:52.480 added the CBB after discussing they're they usually had somebody here 01:19:52.480 --> 01:19:56.560 participating in that that's a big part of what's going on CBB and economic 01:19:56.560 --> 01:20:03.840 developments are like we wanted to formally put them on on the task force I 01:20:03.840 --> 01:20:13.960 think Dana usually attends the meetings any other comments or discussion okay so 01:20:13.960 --> 01:20:20.160 the last section is just on frequency of meetings they meet on the second 01:20:20.160 --> 01:20:26.080 Thursday of the month so they meet tomorrow if there's not an item to 01:20:26.080 --> 01:20:30.600 discuss the chair would have the ability to cancel the meeting that's the same 01:20:30.600 --> 01:20:35.400 for just about any board with the city is if there even if this board didn't 01:20:35.400 --> 01:20:40.720 have any items to discuss we would simply cancel the meeting so it sets a 01:20:40.720 --> 01:20:43.820 frequency everyone can put it on their calendar and know where they need to be 01:20:43.820 --> 01:20:47.320 on what day but certainly gives them the flexibility that if they don't need to 01:20:47.320 --> 01:20:57.000 meet they can cancel so we were just talking about well in our other 01:20:57.000 --> 01:21:01.600 committees and I don't know if this is equal to council committees or are not 01:21:01.600 --> 01:21:08.640 advisory committees on attendance and so with this committee be held to the same 01:21:08.640 --> 01:21:15.240 attendance policy no no this committee is formed by this body not by City 01:21:15.240 --> 01:21:19.840 Council okay because we have so it would be this body if you wanted to write in 01:21:19.840 --> 01:21:25.360 an attendance requirement you would have to do so into this policy it's not this 01:21:25.360 --> 01:21:30.040 body wouldn't the task force wouldn't be subject to a council committee because 01:21:30.040 --> 01:21:37.880 it's not adopted by council so we so we could say if because I 13 is a good 01:21:37.880 --> 01:21:41.280 number for me it's a lot of people and we have issues you know with quorum and 01:21:41.280 --> 01:21:45.160 stuff but for an individual that's on the committee and doesn't show up for 01:21:45.160 --> 01:21:50.640 meetings you know does that for I'm just trying to learn the different rules for 01:21:50.640 --> 01:21:55.680 us we have to have a reason which you know attendance would be that for this 01:21:55.680 --> 01:22:02.920 body they can just nominate another person the EDP would be able to remove 01:22:02.920 --> 01:22:08.200 someone and nominate right this body yeah okay but we could write that in we 01:22:08.200 --> 01:22:14.520 could add in a attendance requirement or if this body simply wanted to keep that 01:22:14.520 --> 01:22:18.480 flexibility you don't have to that could just be something that comes up in the 01:22:18.480 --> 01:22:24.240 annual appointment reappointment process like how many times they were there it's 01:22:24.240 --> 01:22:28.740 just you know if there's a constant quorum issue each meeting then that 01:22:28.740 --> 01:22:37.400 becomes an issue and so we also added in quarterly reports to the policy so that 01:22:37.400 --> 01:22:43.520 whatever EDP member is appointed to the task force we would put an item on the 01:22:43.520 --> 01:22:49.440 EDP agenda each quarter so that that member could report on the activities of 01:22:49.440 --> 01:22:52.640 the task force to this body because that's one thing that we talked about 01:22:52.640 --> 01:22:57.120 last time was that you don't all know what they're talking about their items 01:22:57.120 --> 01:23:03.620 don't necessarily come to you we may get a recommendation from them and it has no 01:23:03.620 --> 01:23:07.960 action so it doesn't move any further but this would allow you to say hey we 01:23:07.960 --> 01:23:10.760 want to get there what what are they talking about what are they discussing 01:23:10.760 --> 01:23:15.440 what items are coming before them would give you all the opportunity to get a 01:23:15.440 --> 01:23:19.000 report from them so that would be another opportunity where attendance 01:23:19.000 --> 01:23:21.640 could be addressed 01:23:21.640 --> 01:23:30.120 we did write into it compliance with the open meetings acts that's something all 01:23:30.120 --> 01:23:35.120 of the city boards we make subject to we have to post we do that now they have a 01:23:35.120 --> 01:23:39.480 posted agenda we comply with the 72-hour rule we comply comply with quorum 01:23:39.480 --> 01:23:43.320 requirements simply just saying that's our intention and we'll continue to do 01:23:43.320 --> 01:23:50.240 that non-binding recommendations is just saying that this board does not have to 01:23:50.240 --> 01:23:55.520 agree with any recommendation they are simply an advisory body if you disagree 01:23:55.520 --> 01:24:00.400 with a recommendation from them you don't have to accept it that's fairly 01:24:00.400 --> 01:24:03.520 traditional and something you've all experienced is you make recommendations 01:24:03.520 --> 01:24:08.560 to counsel you make a non-binding recommendation can we change the meeting 01:24:08.560 --> 01:24:12.400 times instead of saying the second Thursday of each month and just monthly 01:24:12.400 --> 01:24:17.440 sure that way if they want to change that based on their makeup they can 01:24:17.440 --> 01:24:23.040 change it I have to come here to change the policy it would kind of be nice if 01:24:23.040 --> 01:24:29.760 they met before this or this meeting so it would be a month old stuff you could 01:24:29.760 --> 01:24:33.760 do that and certainly that's something we could take to them tomorrow and say 01:24:33.760 --> 01:24:39.400 you know could you move how that meeting falls so that it winds up better with 01:24:39.400 --> 01:24:42.240 the EDP meetings 01:24:42.240 --> 01:24:53.160 George drawer the resident at 606 Wilson Street says I would say nine is my 01:24:53.160 --> 01:24:56.960 number and who's here's who I eliminate downtown developer because the 01:24:56.960 --> 01:25:00.600 developers not there's not an exclusive developer to downtown so they're gonna 01:25:00.600 --> 01:25:04.760 develop elsewhere so I kind of target that as it rolls into others I target 01:25:04.760 --> 01:25:10.040 the the arts related because that's overly broad arts could be anything and 01:25:10.040 --> 01:25:15.480 then downtown residents I think that's captured in downtown property owner and 01:25:15.480 --> 01:25:26.680 then I also target Denton County just because they're not one there they're 01:25:26.680 --> 01:25:30.480 gonna they'll have to have the square they're gonna be down there for another 01:25:30.480 --> 01:25:34.760 year or so but then they're their primary business is going to be on the 01:25:34.760 --> 01:25:41.240 loop and so I just I don't know that carries the same I mean obviously they 01:25:41.240 --> 01:25:44.840 still own the property all that but that's just kind of my my my look at it 01:25:44.840 --> 01:25:52.560 so and then you add in the EDP board member as a chair and the downtown 01:25:52.560 --> 01:26:00.520 Main Street that gets you to nine I do believe so that's does it make some sense 01:26:00.520 --> 01:26:06.280 to leave all those people as people we would like to have involved that changes 01:26:06.280 --> 01:26:11.200 from one can change from one year to the next so depending on like when you and 01:26:11.200 --> 01:26:16.120 T Herbert Hall you know when you and T put you and T on the square reason 01:26:16.120 --> 01:26:21.840 because they're on the square we want some input what's going on there I don't 01:26:21.840 --> 01:26:25.960 know what happens with the county in two years or not but because there's such a 01:26:25.960 --> 01:26:29.760 big presence in downtown we wanted and we have parking things and sidewalk 01:26:29.760 --> 01:26:34.680 things going on for those guys just too good sometimes I can take whatever 01:26:34.680 --> 01:26:38.080 discussion is back up to the county and they can hear from different directions 01:26:38.080 --> 01:26:45.320 some of the issues or problems and I will say to your point is sometimes it's 01:26:45.320 --> 01:26:49.520 really hard to find someone who fits in just one of those boxes most of the 01:26:49.520 --> 01:26:55.480 people that we have on the task force even today could fit in two three four 01:26:55.480 --> 01:27:03.160 of those categories a resident could be a property owner where the president is 01:27:03.160 --> 01:27:10.520 involved in downtown and property you know I think generally the justice 13 is 01:27:10.520 --> 01:27:16.240 too too high it's you know so whatever that that there's a method to that for 01:27:16.240 --> 01:27:23.240 me to say the 13th too high just my own I've never attended a meeting you know 01:27:23.240 --> 01:27:27.400 so I could be absolutely wrong just my look outside looking in think that you 01:27:27.400 --> 01:27:31.400 that was a volunteering to be nominated 01:27:31.400 --> 01:27:39.160 kicking somebody off of it that's been in because they've had the same group of 01:27:39.160 --> 01:27:53.920 folks involved for a long what there's okay I would say as far as the numbers 01:27:53.920 --> 01:27:57.920 you know we can still have a large amount and I think that they can self 01:27:57.920 --> 01:28:03.960 regulate a bit as far as if it's too many you know if we set a certain it's 01:28:03.960 --> 01:28:09.160 the maximum versus a minimum so they can have 13 14 right if we just set a 01:28:09.160 --> 01:28:13.520 maximum I think it's just the the minimum that's the question but they can 01:28:13.520 --> 01:28:17.400 certainly have more we're giving them a range so we're not saying necessarily 01:28:17.400 --> 01:28:21.400 you have to be at this number we're saying you should have this to this 01:28:21.400 --> 01:28:27.280 depending on who's available what areas are needed recruitment is that could do 01:28:27.280 --> 01:28:31.200 discussing so it's not so hard and fast you could say nine to thirteen you could 01:28:31.200 --> 01:28:38.480 say yeah thirteen is the max that would let's make that recommendation nine to 01:28:38.480 --> 01:28:40.800 thirteen 01:28:40.800 --> 01:28:48.000 okay and then we'll make the corresponding change to the quorum 01:28:48.000 --> 01:28:52.840 section to make sure that that's addressed all right any more discussion 01:28:52.840 --> 01:28:58.680 that will have them make some comments and come back next month yes we will 01:28:58.680 --> 01:29:02.600 bring it back next month going out of order 01:29:02.600 --> 01:29:07.240 assuming nobody has anything else on that item we'll just go with G the 01:29:07.240 --> 01:29:12.520 business awards breakfasts nominations 01:29:12.520 --> 01:29:23.400 Michelle Cunningham City economic development I've been here the past 01:29:23.400 --> 01:29:28.040 couple of meetings and we've discussed this topic this is the recognition by 01:29:28.040 --> 01:29:34.000 the economic development partnership board to a large business meaning a 01:29:34.000 --> 01:29:39.040 hundred or more employees and a small business meaning under 100 employees at 01:29:39.040 --> 01:29:44.120 the September 20th mayor council awards breakfast that's your annual award and 01:29:44.120 --> 01:29:49.760 last time for small business nominations Los Teca and Dan Silverleaf are both 01:29:49.760 --> 01:29:56.280 nominated but thus far I have embassy suites as a large business nomination so 01:29:56.280 --> 01:30:01.960 this is your final opportunity to nominate additional potential award 01:30:01.960 --> 01:30:11.080 recipients and last year I know that you considered embassy suites winco acme 01:30:11.080 --> 01:30:15.800 brick and target as your four large ones at that point we did not have a specific 01:30:15.800 --> 01:30:20.800 small business award set aside but there had been discussion about looking at 01:30:20.800 --> 01:30:25.960 smaller companies too and technology resource centers of America TRCA had 01:30:25.960 --> 01:30:31.840 been nominated or for consideration as well and so all of those were put on the 01:30:31.840 --> 01:30:36.600 matrix that came back to you that you made your decision from at the next 01:30:36.600 --> 01:30:42.280 month's meeting in August you'll be making a decision for a large business 01:30:42.280 --> 01:30:47.880 and a small business recipient from your nominees so this is your final 01:30:47.880 --> 01:30:53.040 opportunity to nominate additional businesses for consideration should you 01:30:53.040 --> 01:31:01.920 wish to do so Michelle does embassy have a hundred employees I believe so yes I 01:31:01.920 --> 01:31:09.760 mean if you're counting all part-time and I would like to make a nomination of 01:31:09.760 --> 01:31:17.520 a small business company okay Allison engineering group okay it's kind of 01:31:17.520 --> 01:31:23.520 occurred to me over the last couple of weeks since we've talked about it they're 01:31:23.520 --> 01:31:29.760 really good but all the candidates are good they're they're good candidate 01:31:29.760 --> 01:31:35.960 they're also from an economic development standpoint they're an 01:31:35.960 --> 01:31:40.400 economic development investor so they're already invested they are active in our 01:31:40.400 --> 01:31:48.200 investor group they're very involved in the chamber Lee Allison has been 01:31:48.200 --> 01:31:52.800 chairing the development group that's been working with the city didn't go 01:31:52.800 --> 01:32:00.360 through the development kind of process this past year Jason fagley is leadership 01:32:00.360 --> 01:32:07.040 didn't steering committee involving Kiwanis and served in kind of check off 01:32:07.040 --> 01:32:12.280 all those boxes so I'd like to add those folks okay and they're a lot they're 01:32:12.280 --> 01:32:16.160 involved in a lot of projects that come through the city didn't small and big 01:32:16.160 --> 01:32:20.760 they've done work on the TWA parking garage and work downtown they've been 01:32:20.760 --> 01:32:24.160 working great point 01:32:24.160 --> 01:32:32.040 this is kind of putting you on the spot but I'm wondering how many businesses we 01:32:32.040 --> 01:32:37.200 have that have a hundred or more employees in the city of Denton we have 01:32:37.200 --> 01:32:50.360 about 25 or 30 it's more than folks think it is yeah I'd be curious that the 01:32:50.360 --> 01:32:55.680 hotel does if you have staff and nighttime people and people cleaning they don't need 01:32:55.680 --> 01:33:02.020 80 people okay well then in case I find that's not the case because that was 01:33:02.020 --> 01:33:06.400 done again when I looked last year and the numbers are probably taken from 01:33:06.400 --> 01:33:16.200 their incentive application frankly so I think it's a great candidate okay just 01:33:16.200 --> 01:33:21.720 on piggybacking on Jill's comment and yours with that could you send us a list 01:33:21.720 --> 01:33:28.800 of those over a hundred just so that we have to look at okay it would be helpful 01:33:28.800 --> 01:33:34.040 okay and I may be thinking and I am sorry I may be thinking 50 and more 01:33:34.040 --> 01:33:38.800 because in my mind that's kind of a tipping point in when I'm working with 01:33:38.800 --> 01:33:43.320 companies that's one stratification there's another one the hundred is where 01:33:43.320 --> 01:33:47.680 the cutoff is for what kind of business grants they are eligible for through the 01:33:47.680 --> 01:33:52.080 Workforce Commission so and in this case that follows the hundred so it may be 01:33:52.080 --> 01:33:59.160 fewer than that but it's more than people think it is no I just a hundred 01:33:59.160 --> 01:34:03.920 I mean we go by the total headcount we need to make all our recommendations 01:34:03.920 --> 01:34:07.920 today or at the very because we're gonna come back with information on all of them 01:34:07.920 --> 01:34:14.320 in August and so and I need to research them so can we can I get this out to you 01:34:14.320 --> 01:34:20.440 I'll send you all a list email list today of that listing and then if you 01:34:20.440 --> 01:34:25.980 could provide information back by next Wednesday which is the what day is that 01:34:25.980 --> 01:34:31.960 that is the 17th and the reason we're making that to be to be clear the reason 01:34:31.960 --> 01:34:34.760 that we're taking bringing it back in August is your September meeting is the 01:34:34.760 --> 01:34:40.660 joint meeting with City Council so we thought that there wouldn't usually we 01:34:40.660 --> 01:34:47.320 wouldn't have any action items moved this up one months to make this 01:34:47.320 --> 01:34:55.560 recommendation okay all right thank you thank you Michelle all right before we 01:34:55.560 --> 01:35:01.120 lose anybody let's go back up to the top of the agenda and look at item ADP 19 01:35:01.120 --> 01:35:06.480 - zero three four consider the approval of the economic development partnership 01:35:06.480 --> 01:35:13.120 board meeting minutes of June 6 I move approval with the addition of Edgar and 01:35:13.120 --> 01:35:26.080 that's fit to the list of present or absent I don't know which category I fit 01:35:26.080 --> 01:35:36.520 in president and absent motion and a second on minutes as revised any further 01:35:36.520 --> 01:35:44.080 discussion all those in favor say aye any opposed all right the minutes are 01:35:44.080 --> 01:35:51.480 approved and we've got staff reports any a lot of that is normal information has 01:35:51.480 --> 01:35:55.760 been sent out to you that Jessica anything you need to visit about for the 01:35:55.760 --> 01:36:03.120 good of the order is as I mentioned September 9th which is a Monday will be 01:36:03.120 --> 01:36:14.160 the joint my son on it is on my lights on belly Monday Monday September night 01:36:14.160 --> 01:36:23.160 is the joint EDP City Council meeting don't know the exact time yet but 01:36:23.160 --> 01:36:27.120 certainly we'll be working through if there are any specific items that this 01:36:27.120 --> 01:36:33.120 board wants to bring forward for that discussion we would welcome those just 01:36:33.120 --> 01:36:37.920 good is that typically daytime or an evening meeting it's usually a luncheon 01:36:37.920 --> 01:36:44.960 luncheon okay thank you can we add on our next month's agenda to discuss 01:36:44.960 --> 01:36:54.720 discuss topics that we want to discuss at that meeting we can the Adam is alley 01:36:54.720 --> 01:37:01.480 office this week anybody have any other questions or comments I wanted to bring 01:37:01.480 --> 01:37:08.640 up well since we're done with staff reports and our other item concluding 01:37:08.640 --> 01:37:16.080 items our next economic development partnership investor reception is 01:37:16.080 --> 01:37:21.040 Wednesday July 31st and that is going to be at the Spring Hill Suites by Mary 01:37:21.040 --> 01:37:25.840 odd you all should have received an invitation by being on this board we 01:37:25.840 --> 01:37:30.160 have secured Andy Eads to come give us an update on what's going on in the 01:37:30.160 --> 01:37:39.440 county that is our chamber folks who are investing private money folks so those 01:37:39.440 --> 01:37:46.560 people were the ones that are helping raise funds or up to $80,000 in private 01:37:46.560 --> 01:37:52.440 funds to help our marketing efforts and you guys get introduced every at every 01:37:52.440 --> 01:37:58.040 one of those meetings if you're there so I would like to see a better contingent 01:37:58.040 --> 01:38:01.920 of folks from this board at those receptions to meet all the folks that 01:38:01.920 --> 01:38:08.200 are investing in the chamber side of things and we try to be really good 01:38:08.200 --> 01:38:12.880 programs so it's it's an it's an evening program use the last about an hour an 01:38:12.880 --> 01:38:21.160 a half we're working on or an October meeting where we'll get hoping to get 01:38:21.160 --> 01:38:27.120 plant managers from all the world facility managers from all of the 01:38:27.120 --> 01:38:31.000 different larger companies like Peterbilt and Target just to kind of 01:38:31.000 --> 01:38:35.600 have a panel with those folks in October so trying to bring something you guys 01:38:35.600 --> 01:38:39.640 ought to be interested in and I would really appreciate it when you can make 01:38:39.640 --> 01:38:45.360 those to to come attend those as possible so if you hadn't had a chance 01:38:45.360 --> 01:38:51.320 RSVP to Karen to let her know if you could make that or not 01:39:04.480 --> 01:39:11.520 yeah no that's a that's a benefit for investing into our partnership to be 01:39:11.520 --> 01:39:19.520 unattended so all right anything else yes Marty several you guys missed the 01:39:19.520 --> 01:39:25.040 picture last time we took it I'd like to make sure we include you guys take a 01:39:25.040 --> 01:39:34.440 moment everybody all right I will find some confident person to do it 01:39:34.440 --> 01:39:42.160 all papers off the desk and we're adjourned