WEBVTT 00:00:00.000 --> 00:00:08.600 All right good morning my name is Marty Rivers I'm the chair of the economic 00:00:08.600 --> 00:00:14.240 development partnership board it is 1101 a.m. on Wednesday August 14th and I will 00:00:14.240 --> 00:00:20.640 call this meeting to order our first item of consideration is the minutes of 00:00:20.640 --> 00:00:25.160 our July 10th meeting I would take a motion at this time if you're so 00:00:25.160 --> 00:00:35.320 obliged we've got a motion and a second to approve the minutes from July 10th 00:00:35.320 --> 00:00:44.960 any further discussion all those in favor say aye aye any opposed motion 00:00:44.960 --> 00:00:51.080 carries all right thank you all right staff reports Adam was not 00:00:51.080 --> 00:00:58.640 gonna be here today he's got some information in your backup so I have 00:00:58.640 --> 00:01:03.720 just three items that I want to update the board on and the first is I'm sure 00:01:03.720 --> 00:01:08.360 everyone was watching the City Council meeting yesterday and saw my two-hour 00:01:08.360 --> 00:01:13.040 presentation regarding the razor range public improvement district but I know 00:01:13.040 --> 00:01:17.880 this board had some input and guidance on that early on in its creation and so 00:01:17.880 --> 00:01:22.000 we're that we got direction to move forward with that so we're moving 00:01:22.000 --> 00:01:26.200 forward to the next step to move towards levying assessments in that public 00:01:26.200 --> 00:01:31.240 improvement district and and then the other piece of information that actually 00:01:31.240 --> 00:01:36.720 councilmember Briggs and I discussed yesterday was that our strategic plan 00:01:36.720 --> 00:01:42.180 that we discussed when I did the budget presentation has been funded and so we 00:01:42.180 --> 00:01:45.720 will be working to develop a scope of work so that's something that will 00:01:45.720 --> 00:01:50.040 likely come back to the board to get your feedback on at some point this fall 00:01:50.040 --> 00:01:56.200 and then the last item is that the Economic Development Partnership board 00:01:56.200 --> 00:02:02.720 nominations for the members whose terms are expiring this year will be going 00:02:02.720 --> 00:02:09.360 forward to City Council next week on August 20th so you I don't believe we'll 00:02:09.360 --> 00:02:14.040 have any new members oh excuse me we might have we have one new nomination 00:02:14.040 --> 00:02:22.600 for councilmember Hudson so yes so we will give you the feedback when we get 00:02:22.600 --> 00:02:30.040 those nominations approved by City Council that's it great anybody have any 00:02:30.040 --> 00:02:38.880 questions for Jessica thank you so much all right moving on with the program 00:02:38.880 --> 00:02:46.080 we've got item C EDP 19 - 0 5 0 receive a report hold discussion and give staff 00:02:46.080 --> 00:02:50.120 direction regarding the economic development investment fund that on 00:02:50.120 --> 00:02:56.760 their minds for a few months here yes and Erica Sullivan our economic 00:02:56.760 --> 00:03:10.320 development analyst is going to do this presentation good morning I'm the 00:03:10.320 --> 00:03:13.200 economic development analyst for the city and I'm going to be talking to you 00:03:13.200 --> 00:03:22.680 today about the economic development investment fund the investment fund the 00:03:22.680 --> 00:03:27.080 objective of this presentation is to provide a brief history and overview of 00:03:27.080 --> 00:03:31.000 the economic development investment fund discuss the funding mechanisms that 00:03:31.000 --> 00:03:35.120 weren't went into the fund and discuss the changes in parameters to the 00:03:35.120 --> 00:03:41.680 investment fund the city's incentives have predominantly been performance 00:03:41.680 --> 00:03:45.480 based as many of you all are aware since Denton doesn't have a type-a or type-b 00:03:45.480 --> 00:03:50.360 sales tax like many other cities in Texas do so the economic development 00:03:50.360 --> 00:03:54.800 investment fund was created to provide a cash grant program to increase Denton's 00:03:54.800 --> 00:04:00.560 ability to compete for large and targeted economic development projects 00:04:00.560 --> 00:04:07.200 so I'm going to provide some of the history leading up to the investment 00:04:07.200 --> 00:04:12.040 fund the city's first adopted tax abatement policy occurred in 1989 and 00:04:12.040 --> 00:04:17.680 the city's required to update that policy under chapter 312 of the tax that 00:04:17.680 --> 00:04:21.800 the regulations that govern tax abatements every two years so we made 00:04:21.800 --> 00:04:26.720 several major changes throughout our history in 2010 and 2012 we added green 00:04:26.720 --> 00:04:30.600 incentives and then you'll see here that the biggest change relating to the 00:04:30.600 --> 00:04:35.340 investment fund occurred in 2014 when the product policy was broadened to 00:04:35.340 --> 00:04:39.880 apply to chapter 380 of the local government code and this allows cities 00:04:39.880 --> 00:04:45.760 to grant cash grants or loans it's about a half page in the local government 00:04:45.760 --> 00:04:50.560 code so it gives the city's a lot of latitude here and the incentive and tax 00:04:50.560 --> 00:04:53.560 abatement policy gave the city this latitude and ability to offer cash 00:04:53.560 --> 00:04:58.080 grants in effort to receive more desirable outcomes so the investment 00:04:58.080 --> 00:05:01.240 action team was charged with implementing the dent rising our 00:05:01.240 --> 00:05:05.360 strategic action agenda and we sought to create a funding mechanism to grant 00:05:05.360 --> 00:05:09.520 these incentives and the first strategy was to explore methods of financing and 00:05:09.520 --> 00:05:14.080 then to explore the creation of an economic development incentive fund and 00:05:14.080 --> 00:05:20.000 these recommendations were presented to this board in August of 2015 the EDPB 00:05:20.000 --> 00:05:24.060 board recommended creation of this investment fund and the City Council 00:05:24.060 --> 00:05:28.780 directed staff to create the fund in August of 15 as well and then one year 00:05:28.780 --> 00:05:32.880 later in August of 16 the economic development fund was officially created 00:05:32.880 --> 00:05:38.800 through ordinance 19-229 and the fund was incorporated into the last update 00:05:38.800 --> 00:05:43.120 that we made to our incentive policy when we folded in our airport and this 00:05:43.120 --> 00:05:51.000 particular fund under one umbrella policy through our rewrite so the fund 00:05:51.000 --> 00:05:55.420 details the program is funded through a special revenue fund of mixed beverage 00:05:55.420 --> 00:06:01.840 taxes at $150,000 per year any grants awarded would require a separate chapter 00:06:01.840 --> 00:06:05.440 380 agreement and the granting of incentives under this program would 00:06:05.440 --> 00:06:10.000 still require the same process that we go through a recommendation of EDP to 00:06:10.000 --> 00:06:14.280 council and the valuation or wage requirements would be included on in 00:06:14.280 --> 00:06:19.560 this council approved agreement so far there's only been one application that 00:06:19.560 --> 00:06:24.240 has we have received but it was withdrawn there have been a few leads 00:06:24.240 --> 00:06:30.040 that we have seen that might qualify but they haven't gotten to that stage yet 00:06:30.040 --> 00:06:34.760 the fund criteria according to both policies in order to be eligible to 00:06:34.760 --> 00:06:38.760 receive a grant under this program a company must mean at least two of the 00:06:38.760 --> 00:06:42.480 following criteria so they need to provide high wage or knowledge based 00:06:42.480 --> 00:06:48.200 jobs we defined high wage as having an average annual wage of 55,000 or greater 00:06:48.200 --> 00:06:54.120 for all positions or at least 25% of the positions have an annual wage of 65,000 00:06:54.120 --> 00:06:59.240 or greater and knowledge-based jobs are defined as occupations that require a 00:06:59.240 --> 00:07:05.920 college degree work experience special licensing or certification we also would 00:07:05.920 --> 00:07:10.600 require of the three two of the three criteria to make a substantial capital 00:07:10.600 --> 00:07:16.240 investment and this is at a minimum of 15 million and then finally to address a 00:07:16.240 --> 00:07:21.360 recruitment or supplier target to include aviation advanced manufacturing 00:07:21.360 --> 00:07:25.840 renewable energy research and development information technology 00:07:25.840 --> 00:07:31.120 supply chain logistics and distribution and large consumers of municipal 00:07:31.120 --> 00:07:38.280 utilities you'll see here in this spreadsheet a table of the investment 00:07:38.280 --> 00:07:43.880 fund balance you'll see that there are not any planned expenditures in 18 19 so 00:07:43.880 --> 00:07:47.120 the fund balance at the end of the current fiscal year will be a little over 00:07:47.120 --> 00:07:53.320 600,000 as the interest is estimated and staff has also included 150,000 00:07:53.320 --> 00:07:58.040 allocation in the upcoming budget the 1920 budget and have not proposed any 00:07:58.040 --> 00:08:06.320 expenditures at this time and that leads us to the discussion the investment 00:08:06.320 --> 00:08:10.040 action team had originally recommended reaching 1 million fund balance in year 00:08:10.040 --> 00:08:14.360 one and 2 million fund balance in two years this was not included in the 00:08:14.360 --> 00:08:19.400 authorizing ordinance at a recent EDP meeting the board requested to consider 00:08:19.400 --> 00:08:24.200 including parameters related to a minimum or a maximum threshold for 00:08:24.200 --> 00:08:29.040 dollars to be held in the fund currently there's no limit fund balance that can 00:08:29.040 --> 00:08:32.880 be accumulated and should an amount of funds be granted to a company there is 00:08:32.880 --> 00:08:38.080 no required minimum fund balance that the fund must maintain as well currently 00:08:38.080 --> 00:08:42.660 150,000 per year is allocated for mixed beverage taxes previously accounted for 00:08:42.660 --> 00:08:48.200 in the general fund when making this recommendation to see you have some 00:08:48.200 --> 00:08:51.800 background the investment team examined the possibilities of allocating a 00:08:51.800 --> 00:08:55.960 specific amount committing an amount above a projected growth in a special 00:08:55.960 --> 00:09:01.080 revenue fund dedicating a portion of the property tax rate and setting aside the 00:09:01.080 --> 00:09:06.240 equivalent amount of incentive grant payments after the incentive expires a 00:09:06.240 --> 00:09:10.680 specific the specific amount and special revenue fund was what was chosen and 00:09:10.680 --> 00:09:14.720 that was based on the allocated amount rather than growth above projections we 00:09:14.720 --> 00:09:17.760 thought it would be easier to do that and it would also be easier to plan and 00:09:17.760 --> 00:09:23.080 allow the funds to roll over into the next year in accordance with Gatsby 00:09:23.080 --> 00:09:32.040 regulations and since we talked about this at the last meeting I've provided a 00:09:32.040 --> 00:09:38.800 summary of the incentives that are expiring over a 10-year period you'll 00:09:38.800 --> 00:09:44.320 see there's four ad valorem incentives expiring in the table below and there's 00:09:44.320 --> 00:09:50.200 two sales tax incentives expiring so Denton Crossing and Unicorn Lake and two 00:09:50.200 --> 00:09:57.800 incentives expire at the end of this fiscal year so the ad valorem total 00:09:57.800 --> 00:10:05.560 you'll see is a little over 9 million and then if you combine the items 00:10:05.560 --> 00:10:08.640 outside of our budget which are tax abatements that we don't normally 00:10:08.640 --> 00:10:13.320 forecast for since they're taken out from the appraisal district and TERS 00:10:13.320 --> 00:10:25.320 grants that come would come out to 11.6 million so I welcome input from you all 00:10:25.320 --> 00:10:30.800 on the goal setting of any minimum any cap what you'd like to achieve with this 00:10:30.800 --> 00:10:43.160 program these questions have come up before in the board discussion and we 00:10:43.160 --> 00:10:46.000 thought this would be an appropriate time we also have it posted in a 00:10:46.000 --> 00:10:50.760 separate agenda item to talk about things that will be topics of discussion 00:10:50.760 --> 00:10:54.680 at the Joint City Council EDP meeting so we wanted you to have this information 00:10:54.680 --> 00:10:58.160 should you wanted to make some recommendations that we could then 00:10:58.160 --> 00:11:03.840 prepare for for that meeting as well so really we're open to any feedback that 00:11:03.840 --> 00:11:10.160 you have or ideas or thoughts related to the fund at this point 00:11:25.160 --> 00:11:30.160 that's a good point it is our deal closing fun so my line is coming on that 00:11:30.160 --> 00:11:36.920 means I don't think you can hear you so I like the flexibility that it has with 00:11:36.920 --> 00:11:41.560 maintaining are you know allowing it to be completely used if needed without 00:11:41.560 --> 00:11:46.000 having a minimum or or cap 00:11:47.240 --> 00:11:55.320 mr. Baines John Baines my question is we get two million dollars and we're gonna 00:11:55.320 --> 00:12:01.040 hustle to get some people in here where we're gonna put them what's the what's 00:12:01.040 --> 00:12:06.760 the we have this fun but do we really have the space for a big dog targeting 00:12:06.760 --> 00:12:11.720 high-wage jobs we can do a lot of infill development just Saudi is an example they 00:12:11.720 --> 00:12:16.200 have very high-wage jobs but they don't have a maybe a significant capital 00:12:16.200 --> 00:12:19.920 investment so someone like that if they were to come in just Saudi if they were 00:12:19.920 --> 00:12:26.520 to come in today they would qualify under their highlight high-wage and and 00:12:26.520 --> 00:12:32.560 a skill set so they would be under the targeted industry sectors so this would 00:12:32.560 --> 00:12:39.960 really allow us to recruit higher skill higher wage jobs 15 million you know 00:12:39.960 --> 00:12:44.280 that was spoken about two of the three so they may not have to meet that in the 00:12:44.280 --> 00:12:48.640 case of just Saudi if you have the high high wage you wouldn't have to meet the 00:12:48.640 --> 00:12:53.120 high capital investment thank you because it has the industry sectors well 00:12:53.120 --> 00:12:59.040 this could be used in addition any other I mean if we had uber coming they're 00:12:59.040 --> 00:13:01.560 going to Dallas and they're working through that I mean if somebody like 00:13:01.560 --> 00:13:07.360 that was coming in and we couldn't meet their needs on our normal funding 00:13:07.360 --> 00:13:12.240 mechanisms then this is combination the hole to help fill the gap or helps them 00:13:12.240 --> 00:13:19.040 build it's money you could other cities that have the 4a 4b economic 00:13:19.040 --> 00:13:24.840 development tax which we do not have we spent that on our train involved in that 00:13:24.840 --> 00:13:30.120 so it's a good economic development tool but they just have cash and so they can 00:13:30.120 --> 00:13:34.440 go out and develop land and give people pad sites that are ready to go with all 00:13:34.440 --> 00:13:40.280 the utilities give them money I think that's happened in Corinth in the last 00:13:40.280 --> 00:13:44.360 several years it's happening all around us and we don't have that tool so this 00:13:44.360 --> 00:13:49.160 would be money that when the right opportunity came along whatever the 00:13:49.160 --> 00:13:54.360 definition of that is we would have another arrow in our quiver so to speak 00:13:54.360 --> 00:14:02.560 to be able to help somebody get there and my question is is if say we have a 00:14:02.560 --> 00:14:06.760 million dollars I mean let's take the original goal was to get to two million 00:14:06.760 --> 00:14:11.520 dollars in a couple of years that's easier said than done if you're on the 00:14:11.520 --> 00:14:16.560 council but say we continue down this road where we're putting in 150,000 every 00:14:16.560 --> 00:14:21.560 year we get to a million dollars and then Google comes along and we want to 00:14:21.560 --> 00:14:24.080 give them a million dollars and then we're back to square one and we don't 00:14:24.080 --> 00:14:30.680 have any money in there so I do feel like we need to talk about trying to 00:14:30.680 --> 00:14:36.520 have an established minimum and if we spend money below that how fast what is 00:14:36.520 --> 00:14:43.160 our goal to get back to that point that's a long discussion but you know if 00:14:43.160 --> 00:14:47.140 we even you know if somebody came today we spent that that's great we have the 00:14:47.140 --> 00:14:53.160 money there now five years to get back to having a balance again that we could 00:14:53.160 --> 00:14:59.920 use for somebody else having a continuing funding mechanism designated 00:14:59.920 --> 00:15:05.120 a goal in mind so that we know how to get there and maybe it's not an equal 00:15:05.120 --> 00:15:09.720 amount of money every year once we get there we don't have to fund it anymore 00:15:09.720 --> 00:15:14.200 until we use it and then we put that back in place 00:15:14.200 --> 00:15:17.320 you're absolutely right about the business parks there's a lot of EDC's 00:15:17.320 --> 00:15:20.560 that own their own business park and current can grant land grants another 00:15:20.560 --> 00:15:24.400 thing that we considered would also be retention we looked at it when we looked 00:15:24.400 --> 00:15:28.520 at retaining Sally Beauty with their current headquarters and then they 00:15:28.520 --> 00:15:35.040 expanded distribution we got a lot of stuff about to happen out of the airport 00:15:35.040 --> 00:15:40.040 if we had a really cool company coming in out there maybe you're gonna use this 00:15:40.040 --> 00:15:44.520 to help buy land or lease land I guess it's leases a lot of things are under 00:15:44.520 --> 00:15:48.880 the acquisition phase but yes there's still a few a few spots it's not 00:15:48.880 --> 00:15:54.440 completely well that could be an area down the road or something like that 00:15:54.440 --> 00:15:59.200 Gerard thank you yeah no and I think I like where you're going with the airport 00:15:59.200 --> 00:16:04.640 I talked to my council representative for my area and he and there's there's 00:16:04.640 --> 00:16:10.040 no but that we are going to clear out the city already owns it and we're 00:16:10.040 --> 00:16:14.400 clearing out from the gun range and so that may be an opportunity to try to 00:16:14.400 --> 00:16:22.560 target someone and and maybe fold in cost savings on that land or different 00:16:22.560 --> 00:16:26.080 land that we own and then I specifically to this I think there's a couple of 00:16:26.080 --> 00:16:30.080 things that jump out at me one that I'd like to see a graphic that it's great to 00:16:30.080 --> 00:16:36.020 have the overview of what is rolling off but I think what guides my decision 00:16:36.020 --> 00:16:42.920 would be the percentage right so what was invested in okay great there's 00:16:42.920 --> 00:16:46.480 additional detail but it's not by percent right right but I because I think 00:16:46.480 --> 00:16:51.880 that average I think at some point with that legacy data we begin to see what a 00:16:51.880 --> 00:16:56.560 what return on investment averages out to be and so when someone comes in it 00:16:56.560 --> 00:17:02.680 gives you kind of a baseline to to evaluate them by to say average ROI in 00:17:02.680 --> 00:17:06.840 the past four or five years has been this we do have an annual return on 00:17:06.840 --> 00:17:11.200 investment report I haven't completed it for 18 tax year but we have it for 17 00:17:11.200 --> 00:17:14.760 then I can forward to them okay yeah because especially the ones that are 00:17:14.760 --> 00:17:18.600 rolling off kind of so this has come to a conclusion here's kind of an average 00:17:18.600 --> 00:17:27.160 for that I think is good and then I think the the other part to Marty's 00:17:27.160 --> 00:17:30.840 point when you're talking about spending it all recouping that sort of thing 00:17:30.840 --> 00:17:34.440 maybe there's a threshold maybe there's a super majority that would then trigger 00:17:34.440 --> 00:17:40.800 to deplete the funds below a certain point so just a simple majority carries 00:17:40.800 --> 00:17:46.640 50% but to go further than 50% maybe some or some range triggers a super 00:17:46.640 --> 00:17:53.480 majority requirement to try to protect that interest that's a just a thought 00:17:53.480 --> 00:18:00.960 about a couple of things I would like to suggest increasing the amount from 150 00:18:00.960 --> 00:18:08.880 for the mixed beverage taxes I mean we do have a lot more bars and restaurants 00:18:08.880 --> 00:18:13.680 than we did when this started and so I think that could feel that and we also 00:18:13.680 --> 00:18:18.120 used to use those for downtown grants and that's going away and so I think the 00:18:18.120 --> 00:18:21.120 reinvestment grant did not used to come if they were separate but they're both 00:18:21.120 --> 00:18:25.560 funded through the special revenue mixed beverage that's going away because it's 00:18:25.560 --> 00:18:29.240 going to be used in the tip so I feel like there's some room there from that 00:18:29.240 --> 00:18:35.120 fund that we could use to go into this one now so that you know it's it's being 00:18:35.120 --> 00:18:38.360 used instead of put back in so that would be my recommendation I don't know 00:18:38.360 --> 00:18:42.240 how much that is but I feel like we should increase that amount because to 00:18:42.240 --> 00:18:47.320 Marty's point you know it's taken so long to get to where it is and if we 00:18:47.320 --> 00:18:53.240 want this to work we're going to need to have that increased more frequently and 00:18:53.240 --> 00:18:57.880 then I just have a question so you mentioned that there's some leads that 00:18:57.880 --> 00:19:02.320 you think this could be used for I mean so where does that recommendation come 00:19:02.320 --> 00:19:07.680 from does it come from the chamber do you guys approach the leads and say hey 00:19:07.680 --> 00:19:11.320 we have this does it come from our development department or this board 00:19:11.320 --> 00:19:16.840 like I I'm just we receive state leads from the governor's office of economic 00:19:16.840 --> 00:19:22.640 development we also receive them from the Dallas regional chamber the chair 00:19:22.640 --> 00:19:28.200 the chamber itself will have its own leads but if we have the criteria we 00:19:28.200 --> 00:19:32.520 respond to those leads and there have been a few that have very high skill 00:19:32.520 --> 00:19:35.720 sets and knowledge-based jobs that I think would be an excellent candidate 00:19:35.720 --> 00:19:42.680 and so man and so that just means that you recommend or you have that in your 00:19:42.680 --> 00:19:47.120 mind that this is another opportunity sure so sometimes when we respond to 00:19:47.120 --> 00:19:51.840 leads they upfront ask for incentive information and so at that point we 00:19:51.840 --> 00:19:55.800 usually provide a copy of our policy or summary of the incentives that would be 00:19:55.800 --> 00:19:59.240 available to that lead based on the preliminary information generally at 00:19:59.240 --> 00:20:02.240 that point we don't have enough information we just give them the entire 00:20:02.240 --> 00:20:09.920 policy just generally right once we kind of enter into further negotiations or a 00:20:09.920 --> 00:20:13.160 relationship they might submit an application or they might come in and 00:20:13.160 --> 00:20:17.560 talk to us and then we kind of work through given the information that that 00:20:17.560 --> 00:20:24.160 business is giving us will recommend what they what incentives they would 00:20:24.160 --> 00:20:28.200 qualify for we may I don't want to say pre-qualify but we may get preliminary 00:20:28.200 --> 00:20:33.640 information that will look at what the policy says and if they qualify and meet 00:20:33.640 --> 00:20:37.800 criteria that will kind of let them know we think you meet the criteria of an 00:20:37.800 --> 00:20:42.520 abatement or we think you meet the criteria of this other type of incentive 00:20:42.520 --> 00:20:47.400 when by the time it gets to this board we've done much more vetting we've 00:20:47.400 --> 00:20:51.400 reviewed whether they're compliant with the policy and that's when we bring the 00:20:51.400 --> 00:20:56.200 recommendation forward and so that's how we get to those recommendations that you 00:20:56.200 --> 00:21:05.560 see yes if they qualified for this and it met the policy we would bring that 00:21:05.560 --> 00:21:09.720 forward at that point this would be pre-application so we wouldn't have as 00:21:09.720 --> 00:21:13.840 much data whenever we bring something to the board forward we've already gotten 00:21:13.840 --> 00:21:22.400 an application so it's just early in the stages and it wants different where is 00:21:22.400 --> 00:21:27.760 the current expiring incentives is it going into our general fund where is it 00:21:27.760 --> 00:21:36.640 currently going mm-hmm yes this would be I'm giving you more detail to the 00:21:36.640 --> 00:21:42.360 breakdown of the tax payments and the terms as well tears one in terms two if 00:21:42.360 --> 00:21:48.200 I'm while you're doing that the reason we're talking about the expiring is so 00:21:48.200 --> 00:21:53.520 if the town center is up and that we're currently putting in I'm throwing out 00:21:53.520 --> 00:21:58.960 random numbers $50,000 a year that is going back to them from their sales tax 00:21:58.960 --> 00:22:05.360 collection when that expires next year that's going in the general fund one 00:22:05.360 --> 00:22:12.360 item of discussion is if it is using those funds that are expiring instead of 00:22:12.360 --> 00:22:16.800 putting them in a general fund to set them aside for our economic development 00:22:16.800 --> 00:22:21.080 fund so I we're not missing them right now we can put it in there instead of 00:22:21.080 --> 00:22:26.760 using beverage taxes so it's just a funding mechanism to think about down the 00:22:26.760 --> 00:22:30.360 road they continue to pay their taxes if it's a sales tax it would have been a 00:22:30.360 --> 00:22:34.480 cost share that we rebate back if it's a chapter 380 with property tax we would 00:22:34.480 --> 00:22:40.000 rebate it back usually in the spring following the tax year and then for tax 00:22:40.000 --> 00:22:44.640 abatements that the DCAD exempts them so they pay less into the appraisal 00:22:44.640 --> 00:22:48.760 district so once that stops and they continue at full payment so there are a 00:22:48.760 --> 00:22:53.960 couple of options that are being discussed as far as upping the beverage 00:22:53.960 --> 00:23:02.000 tax as well as the expiring incentives is that correct we've got they're not 00:23:02.000 --> 00:23:06.640 mutually exclusive it could be a piece of both we can raise taxes the City 00:23:06.640 --> 00:23:10.360 Council could raise taxes to do that I think that's a fantastic I think 00:23:10.360 --> 00:23:16.840 everyone would get on board with this this is a summary of what the investment 00:23:16.840 --> 00:23:21.760 team looked at originally so allocating a specific amount which we've done 00:23:21.760 --> 00:23:25.360 committing an amount above projected growth and a special revenue fund which 00:23:25.360 --> 00:23:29.960 we've done as well mixed beverage and dedication a portion of the property tax 00:23:29.960 --> 00:23:34.760 rate which you just discussed and then the incentives this stuff have a 00:23:34.760 --> 00:23:41.560 recommendation as far as a combination we did with the original investment and 00:23:41.560 --> 00:23:44.800 we did because that was a staff liaison for the investment team and we worked 00:23:44.800 --> 00:23:49.760 through that group and you tell you that finance is amenable to all of them that 00:23:49.760 --> 00:23:54.840 because I've discussed these with them in the past but thank you we do when you 00:23:54.840 --> 00:23:58.280 do a revenue fund I've also heard from finance you try to keep it in a similar 00:23:58.280 --> 00:24:08.480 nexus so makes beverage and makes sense Tony so the funds been around for almost 00:24:08.480 --> 00:24:17.640 five years we've only had one applicant that withdrew so what's the where are we 00:24:17.640 --> 00:24:22.520 missing maybe opportunities or why are we have not have we not had more 00:24:22.520 --> 00:24:28.360 applicants is it or criteria is it was it is it dollar amount that's in the 00:24:28.360 --> 00:24:33.560 fund available I know we're probably looking at bigger fish or bigger 00:24:33.560 --> 00:24:40.040 companies in the beginning it was a dollar amount a lot we did set very high 00:24:40.040 --> 00:24:44.920 thresholds our current policy is five million for a tax abatement 15 million 00:24:44.920 --> 00:24:48.560 is a lot more significant and then they have to be in one of the sectors or they 00:24:48.560 --> 00:24:52.160 have to meet the wage two of the three so that's another item we could look at 00:24:52.160 --> 00:24:57.440 is changing the criteria so in your opinion a follow-up would be what would 00:24:57.440 --> 00:25:02.200 this what would the balance in this fund need to be for us to be really 00:25:02.200 --> 00:25:07.840 competitive on projects that we would really love to have move into our area 00:25:07.840 --> 00:25:11.200 I'm just curious it's some of its unrealistic if you look at some of the 00:25:11.200 --> 00:25:15.680 Frisco's and things like that they have you know ten million or more to work 00:25:15.680 --> 00:25:22.160 with it just depends it's we are somewhat limited not being we have to be more 00:25:22.160 --> 00:25:26.160 creative not being a type a or type B and getting that so I just wonder you 00:25:26.160 --> 00:25:33.800 know this is a great bullet in our gun but if we're if it's not substantial 00:25:33.800 --> 00:25:39.680 enough to be a real tool for us and obviously it hasn't been today what's 00:25:39.680 --> 00:25:44.240 that what's our goal or what's our plan to maybe make it so it is something 00:25:44.240 --> 00:25:48.840 that can be attractive and can give us a little bit of a competitive edge or 00:25:48.840 --> 00:25:56.120 incentive to bring some of these companies in my thoughts are though 00:25:56.120 --> 00:26:01.680 there's these discussions we'll have a more finite goal and funding mechanism 00:26:01.680 --> 00:26:08.920 to get it because we can't take five years to get to exactly $750,000 easy for 00:26:08.920 --> 00:26:13.680 me to say I'm not passing a big budget and I will say this is one of the items 00:26:13.680 --> 00:26:17.560 that is on my list to include when we hire that consultant to look at our 00:26:17.560 --> 00:26:23.040 economic development strategies to say we have this tool it hasn't been 00:26:23.040 --> 00:26:29.760 effective how do we make it effective and so ideas that this board has you 00:26:29.760 --> 00:26:34.720 certainly can be wrapped into that but that that's certainly my goal is not to 00:26:34.720 --> 00:26:41.720 have a tool that we can't use because we put too many limitations on it well I 00:26:41.720 --> 00:26:46.000 guess how my perspective on it is that it's good to have a tool but those 00:26:46.000 --> 00:26:51.880 those aren't numbers are gonna get people off the couch I mean they're not 00:26:51.880 --> 00:26:57.800 even close they're not even close I know you know we just put a facility in 00:26:57.800 --> 00:27:02.800 McKinney and those numbers aren't even they're not even close to what other 00:27:02.800 --> 00:27:07.240 cities around us have and their quiver I guess is the term that we use right I 00:27:07.240 --> 00:27:12.640 mean if you got other taxes that are now available that we're being abated 00:27:12.640 --> 00:27:16.040 now you think this is the kind of thing that those funds ought to go into 00:27:16.040 --> 00:27:21.160 because that's the only way you're gonna get the bigger players to come because 00:27:21.160 --> 00:27:26.720 Denton's a wonderful place to be and we've been here 40 years and it's 00:27:26.720 --> 00:27:31.200 because we think it's a wonderful place to be but that's not gonna those aren't 00:27:31.200 --> 00:27:36.440 real dollars I mean not for companies that are looking to invest 50 60 million 00:27:36.440 --> 00:27:41.600 dollars I won't even get a bulldozer on the property so Chris what's the real 00:27:41.600 --> 00:27:47.320 numbers 3 million then you can start talking well that's you know that's 00:27:47.320 --> 00:27:52.360 those are the thing the numbers are if we get it to 3 million and then if we 00:27:52.360 --> 00:27:55.480 spend 2 million of that how do we get it back up that's I want to make sure 00:27:55.480 --> 00:27:59.440 there's a we don't just say we're gonna put a hundred fifty thousand dollars in 00:27:59.440 --> 00:28:03.280 until we get it back up to 3 million and that takes 15 years or however long that 00:28:03.280 --> 00:28:06.960 is those dollars are gonna get you fast food restaurants that's what they're 00:28:06.960 --> 00:28:10.000 gonna get you right because that's a two three million dollar investment if you 00:28:10.000 --> 00:28:12.760 can offer somebody a hundred fifty eight thousand on that hey that's a that's a 00:28:12.760 --> 00:28:17.920 good deal that's an industrial site that's not a padside for no for a fast 00:28:17.920 --> 00:28:23.600 food restaurant no yeah you can't get in that place to put McDonald's in a good 00:28:23.600 --> 00:28:36.480 place it's not that it's not the only thing we're talking about it maybe they 00:28:36.480 --> 00:28:42.000 get a tax abatement like we've been talking about the last couple ones and 00:28:42.000 --> 00:28:47.520 this if it's somebody that's extra special whatever that number you know 00:28:47.520 --> 00:28:54.960 whatever that means they could be really great topic to talk about with City 00:28:54.960 --> 00:28:58.880 Council and I think it'd be good are you guys looking for us to say here's what 00:28:58.880 --> 00:29:03.320 we think the number needs to be or you can give me some direction or I can come 00:29:03.320 --> 00:29:08.940 back with some ideas it's it's up to you I've gotten enough direction to come 00:29:08.940 --> 00:29:12.280 back with something but any more direction would be great I know that we 00:29:12.280 --> 00:29:16.020 want to have a minimum balance it sounds like and we want to ask for an increase 00:29:16.020 --> 00:29:21.200 at least the equivalent of what the downtown reinvestment grant had 00:29:21.200 --> 00:29:29.080 definitely want to get to a goal closer to 3 million in the short term so so 00:29:29.080 --> 00:29:33.760 Erica when we're looking at our various pots that we have mm-hmm do we have a 00:29:33.760 --> 00:29:40.040 pot where we can get three million much of hot has already been spoken for but 00:29:40.040 --> 00:29:45.760 mixed beverage probably to the tune at least of what the downtown reinvestment 00:29:45.760 --> 00:29:49.780 grant had but we'd have to look into that further what is that amount I'm 00:29:49.780 --> 00:29:53.380 sorry the downtown reinvestment grant what amount does that is that one 00:29:53.380 --> 00:30:01.360 hundred thousand dollars so we're talking about a serious change in order 00:30:01.360 --> 00:30:07.120 to make this happen well no yeah to get to get to where we're talking about we 00:30:07.120 --> 00:30:09.880 just say we want three million dollars and ask the council go figure out how to 00:30:09.880 --> 00:30:16.960 get there to get if we added a hundred and we'd start putting 250 in there 00:30:16.960 --> 00:30:21.440 that's a lot better but that's still years away from having a balance it's 00:30:21.440 --> 00:30:26.080 gonna sway an opinion of somebody coming here versus McKinney or wherever else so 00:30:26.080 --> 00:30:32.840 can we go back to the expiring incentives again it looks like that was 00:30:32.840 --> 00:30:43.680 the mechanism that might get us there that could be it seems to me so far the 00:30:43.680 --> 00:30:48.120 best suggestion well and that's the other the reason I brought up a cap so 00:30:48.120 --> 00:30:53.360 that future councils you know if we say we start adding five hundred thousand 00:30:53.360 --> 00:30:58.680 dollars a year from this and we get to three million dollars I also understand 00:30:58.680 --> 00:31:01.600 that if there's this pot of money sitting out there it's not use they start 00:31:01.600 --> 00:31:05.680 getting pressure from people though why are we not spending that and so if 00:31:05.680 --> 00:31:09.880 there's a minimum trying to get in a cap once we get to that cap that money goes 00:31:09.880 --> 00:31:14.040 back into the general fund until we spend some of it again so that we've got 00:31:14.040 --> 00:31:21.960 this range we want to be between here and here at all times over ready to 00:31:21.960 --> 00:31:33.540 somebody comes across a desk I think it's a really worthy use of our time to 00:31:33.540 --> 00:31:39.760 discuss this and give direction and counsel to our City Council if we want 00:31:39.760 --> 00:31:43.600 the type of jobs that are going to continue to elevate the standard of 00:31:43.600 --> 00:31:49.880 living here and help those that need help and under our parks and everything 00:31:49.880 --> 00:31:55.160 else you know that the types of positions we want we need to be 00:31:55.160 --> 00:31:59.080 competitive with and Denton is a great place but it's just not going to be able 00:31:59.080 --> 00:32:04.800 to be sold to every group that we want that's going to continue to increase our 00:32:04.800 --> 00:32:09.360 standard of living so I very much appreciate all the work that has gone 00:32:09.360 --> 00:32:13.960 into this and I I think it's very much worth time at our joint meeting to 00:32:13.960 --> 00:32:19.480 continue the conversation and appreciate everyone's input for aspects that I'm 00:32:19.480 --> 00:32:25.560 familiar with so it sounds like this group is thinking two to three million 00:32:25.560 --> 00:32:33.100 dollars and how do we get there in less than seven to ten years and then what 00:32:33.100 --> 00:32:37.840 happens if we do spend you know somebody came along we wanted to spend a million 00:32:37.840 --> 00:32:43.840 dollars of that how do we get back to the two or three million dollars piece 00:32:43.840 --> 00:32:51.840 of cake that's why the City Council members make the big bucks right so we'll 00:32:51.840 --> 00:32:55.400 add that we'll make sure that's on our agenda we'll confirm that we get to that 00:32:55.400 --> 00:33:00.960 line item anybody else have any more words of wisdom or anything want to talk 00:33:00.960 --> 00:33:06.800 about on that item question before we stop when we have our meeting with the 00:33:06.800 --> 00:33:11.520 City Council our joint meeting can we have some sense of what our 00:33:11.520 --> 00:33:14.760 competition is doing out there maybe some of the communities around us 00:33:14.760 --> 00:33:18.480 because there's a lot of stuff going on it would be interesting I mean we're not 00:33:18.480 --> 00:33:22.080 gonna be a McKinney or Frisco but it'd be interesting to know you know what 00:33:22.080 --> 00:33:25.720 what our competition looks like and what they're doing 00:33:25.720 --> 00:33:32.400 Gainesville is a good example they have a business park and money and they're 00:33:32.400 --> 00:33:36.440 within 30 miles of Peterbilt they wanted to they're actually a competitor for 00:33:36.440 --> 00:33:40.320 somebody that wanted to come in and do that so yeah they're able to partner 00:33:40.320 --> 00:33:47.820 with NCT see to do a lot of programs as well to their anything else all right 00:33:47.820 --> 00:33:55.040 thank you item D receive a report hold the discussion on the joint meeting of 00:33:55.040 --> 00:33:57.960 the Economic Development Partnership Board and the Denton City Council on 00:33:57.960 --> 00:34:09.800 September 9th not a coincidence so September 9th at 1130 a.m. you have been 00:34:09.800 --> 00:34:15.360 scheduled for your joint City Council EDP meeting it will be in this room 00:34:15.360 --> 00:34:25.880 we're going to fit I promise it'll be close but we're going to fit and really 00:34:25.880 --> 00:34:32.800 wanted to give the board an opportunity to suggest ideas to the to the mayor and 00:34:32.800 --> 00:34:37.960 City Council and the city's agenda committee to put on for that agenda for 00:34:37.960 --> 00:34:43.520 consideration it sounds like the Investment Fund is number 1a perhaps on 00:34:43.520 --> 00:34:54.400 the list but welcome any feedback that the board has and in on page 62 I've 00:34:54.400 --> 00:35:01.480 added there was one other item that had been mentioned before which was the 00:35:01.480 --> 00:35:05.720 membership makeup of the EDP look taking another look at the ordinance and how 00:35:05.720 --> 00:35:12.300 the board is structured but that was sort of not set in stone wanted to give 00:35:12.300 --> 00:35:24.120 I would like to have that on there anybody have any items they want to talk 00:35:24.120 --> 00:35:29.960 so I some of the things that I had written down are for us to discuss and 00:35:29.960 --> 00:35:35.000 review our current target industries just so that we're all go down that list 00:35:35.000 --> 00:35:40.360 and say here's what we're targeting this is anybody have any discussion or not 00:35:40.360 --> 00:35:45.080 you know I get a lot of questions about why are we getting all these cold 00:35:45.080 --> 00:35:48.480 storage facilities coming that's because because we have really great location 00:35:48.480 --> 00:35:55.100 and utilities and the synergy of those companies out there it's not that we're 00:35:55.100 --> 00:36:00.400 not trying to get office or you know national headquarters or whatnot it's 00:36:00.400 --> 00:36:04.160 just we've got kind of a location and a place for all that but be good to run 00:36:04.160 --> 00:36:11.720 through thank you those target industries my opinion on that 00:36:11.720 --> 00:36:28.680 you know it's interesting I I'm just an inner-city kid with a suit on okay so I 00:36:28.680 --> 00:36:33.840 use a lot of figurative language we're trying to weigh people down to say 00:36:33.840 --> 00:36:39.000 please come today so who are we trying to get here I mean I don't really know 00:36:39.000 --> 00:36:44.160 what the audience is I mean you know it's our list of target industries yeah 00:36:44.160 --> 00:36:52.760 but who is that what do they look like I mean I sit on the economic development 00:36:52.760 --> 00:36:56.960 board here but if you ask me who our target audience is I don't really know I 00:36:56.960 --> 00:37:03.240 know we're trying to get business I know we rely on on the on the chamber and 00:37:03.240 --> 00:37:07.280 this board and the and the staff here to go out and hustle business but I don't 00:37:07.280 --> 00:37:13.240 really know they are so I think we really need to have a good definition of 00:37:13.240 --> 00:37:20.520 who our target audience is and you know what we need to do differently I need to 00:37:20.520 --> 00:37:27.840 flip flag sandwich board or pretty girls or what pretty guys I'm over gonna do 00:37:27.840 --> 00:37:33.120 well we get folks here so I have on my list is I think it'd be good for us to 00:37:33.120 --> 00:37:37.600 review what this board does and how things happen again we have a lot of 00:37:37.600 --> 00:37:42.320 really new people on here and I know we've said this but it's complicated 00:37:42.320 --> 00:37:46.880 it's complicated because we have a city department and a budget we have a 00:37:46.880 --> 00:37:55.040 chamber department and two budgets private and public budgets and Adam is 00:37:55.040 --> 00:37:58.840 is out marketing the chamber supposed to go out and market and bring folks in and 00:37:58.840 --> 00:38:04.520 the city's supposed to get them off the hook and bring them to fruition and 00:38:04.520 --> 00:38:08.720 probably wouldn't hurt for us to talk about that again and I'm thinking the 00:38:08.720 --> 00:38:15.080 City Council might use a update as well so I don't know how long that takes or 00:38:15.080 --> 00:38:18.720 if anybody's interested in doing that but that's something I thought I also 00:38:18.720 --> 00:38:25.800 thought it'd be good to go back over the 2017 ROI report Erica had we've we've 00:38:25.800 --> 00:38:32.320 gone over that three or four months ago but it gives you a history instead of 00:38:32.320 --> 00:38:37.000 looking at a graph here's a synopsis on what's been happening at razor ranch or 00:38:37.000 --> 00:38:42.520 any of any number of those here's when it started here's how much we said we 00:38:42.520 --> 00:38:46.360 would do here's where they're at they're on target here's what it expires and how 00:38:46.360 --> 00:38:50.200 much money because frankly a lot of these ones we've done in the past are 00:38:50.200 --> 00:38:54.880 tens of millions of dollars in incentive applications that we have talked about 00:38:54.880 --> 00:39:01.040 six eight ten years ago the things we've been looking at the last couple months 00:39:01.040 --> 00:39:04.120 or peanuts into comparison to some of these other things we've been looking at 00:39:04.120 --> 00:39:08.440 so I think it'd be good for us to maybe not go over every one of them but have 00:39:08.440 --> 00:39:15.600 that report there and talk about the different ones or ask questions about 00:39:15.600 --> 00:39:23.920 that kind of in a group yes and I think I would add a subset to that target 00:39:23.920 --> 00:39:29.120 industries that would allow us to look at trends because for example I could see 00:39:29.120 --> 00:39:33.960 us attract in a JCPenney who's about to fall off the stock market they're at a 00:39:33.960 --> 00:39:38.600 trading at a penny and they have that giant landscape in Plano so our tax 00:39:38.600 --> 00:39:42.240 rates a little higher than Plano but we could also with the new headquarters you 00:39:42.240 --> 00:39:46.720 can maybe massage that a bit and lower your footprint and you have working 00:39:46.720 --> 00:39:51.440 capital here in the three universities so I think like in my mind I think a 00:39:51.440 --> 00:39:57.640 retail type quarter because that is going through a pain point and you kind 00:39:57.640 --> 00:40:03.800 of pair the retail pared down synergies with the shipping capabilities there in 00:40:03.800 --> 00:40:06.920 the in the industrial district and I think you have something so I think if 00:40:06.920 --> 00:40:12.000 we look at kind of current trends in the market and try to build something that 00:40:12.000 --> 00:40:17.480 places us in a unique position to maybe come behind some of the larger cities 00:40:17.480 --> 00:40:23.480 and kind of be a come here instead of I think that that really would would begin 00:40:23.480 --> 00:40:29.600 to pick up traction and so I'd like to kind of have a no question have that 00:40:29.600 --> 00:40:33.640 conversation about target industries in a perfect world here's who we bring but 00:40:33.640 --> 00:40:39.080 also here's some industries that may be feeling some pain that we may be able to 00:40:39.080 --> 00:40:44.760 draw in that aren't as headily targeted and maybe hadn't crunched the numbers 00:40:44.760 --> 00:40:48.480 and so I think there's some opportunities there and I think there's 00:40:48.480 --> 00:40:54.200 a to follow John's point I think there's some marketing that we're missing 00:40:54.200 --> 00:41:01.560 because I hear from anyway I hear that Nebraska furniture goes to the colony 00:41:01.560 --> 00:41:07.440 city council polar opposite problem we have they don't have workers in their 00:41:07.440 --> 00:41:12.040 area they're having to bust them in so we have that component so if we can 00:41:12.040 --> 00:41:18.640 market that differently to say in this region there's three or four high 00:41:18.640 --> 00:41:22.280 schools where's the colony has one you know so I think there's some we have 00:41:22.280 --> 00:41:28.120 some unique advantages that then it just it's incumbent upon us to kind of put 00:41:28.120 --> 00:41:33.720 together some kind of packet that disseminates that information yeah be 00:41:33.720 --> 00:41:37.720 good that I was not here today would be good to let him go over how we're doing 00:41:37.720 --> 00:41:42.000 I think we're doing all that depending on who we're talking to as a reminder 00:41:42.000 --> 00:41:45.840 on our target industries that gets approved by this board and City Council 00:41:45.840 --> 00:41:51.240 every two years and updated goals and plans so this shouldn't be new 00:41:51.240 --> 00:41:55.600 information to anybody I don't I can't rattle off the list but it comes through 00:41:55.600 --> 00:41:59.760 this board and gets approved by City Council we updated every two years so 00:41:59.760 --> 00:42:04.440 that'd be that's why I think it'd be good to have a discussion about those 00:42:04.440 --> 00:42:08.960 target industries and why we're doing what we're doing it's good points 00:42:08.960 --> 00:42:15.440 I would like to talk about the median wage to see if that needs to if we 00:42:15.440 --> 00:42:19.720 think that's fine the way that it is or the percentage of it or if it needs to 00:42:19.720 --> 00:42:23.080 be increased a little bit as we're talking about our target industries 00:42:23.080 --> 00:42:33.480 that's a good point it's easy to say higher than how much higher than or if 00:42:33.480 --> 00:42:38.360 we want to revisit median and average and all those kind of things I think I 00:42:38.360 --> 00:42:43.560 think it's also important that every year we select a company this board does 00:42:43.560 --> 00:42:47.720 it says we recognize you as being the top contributor to Denton I don't know 00:42:47.720 --> 00:42:51.480 exactly what we call that but I remember doing that last year we're fixing the 00:42:51.480 --> 00:42:56.760 vote on that today that's awesome this will be a good tie in there because the 00:42:56.760 --> 00:43:01.840 same characteristics that we choose that award for those are the characteristics 00:43:01.840 --> 00:43:05.780 of the companies that we want right because that's what we think's important 00:43:05.780 --> 00:43:10.100 and so it's I don't want to say hey we don't have enough money to attract 00:43:10.100 --> 00:43:15.920 companies because it's not always what didn't can give them it's what they can 00:43:15.920 --> 00:43:21.240 give Denton that's why we're here right so I want to make sure that whenever we 00:43:21.240 --> 00:43:24.880 do have that discussion with the joint me we need to talk about these are the 00:43:24.880 --> 00:43:29.240 things like because their chamber gives an award away to that has criteria and 00:43:29.240 --> 00:43:33.920 that's the criteria that we want because that's what we also do is important from 00:43:33.920 --> 00:43:37.640 what makes an impact to the community so that's kind of where I'm at with that 00:43:37.640 --> 00:43:41.000 so that's I made a comment about that's not enough money to get people off the 00:43:41.000 --> 00:43:44.260 couch I just want to make sure it's not that's not the only thing that matters 00:43:44.260 --> 00:43:49.480 right and that's doesn't hurt that's a I think everybody in here is what can you 00:43:49.480 --> 00:43:53.680 do for the city what are you are you gonna give food away donate to serve 00:43:53.680 --> 00:43:58.320 right not away all those kind of things and frankly Peter built is the kind of 00:43:58.320 --> 00:44:03.520 live litmus test of everybody I compare everybody to that's the difference in 00:44:03.520 --> 00:44:07.200 somebody coming in and then staff recommending a hundred thousand dollars 00:44:07.200 --> 00:44:10.640 over four years or two hundred thousand dollars over six years and somebody like 00:44:10.640 --> 00:44:14.520 a Peter bill coming up we say hey we got two million dollars in a fun and we want 00:44:14.520 --> 00:44:19.780 to get when I get you here so that's that's why we're coming up with the 00:44:19.780 --> 00:44:25.080 extra funds and we do have a criteria in our app like incentive application now 00:44:25.080 --> 00:44:29.160 where we ask for companies to describe their level of community involvement and 00:44:29.160 --> 00:44:33.880 community support and we do way that I remember that from the U.S. of each 00:44:33.880 --> 00:44:39.280 presentation sometimes I don't do what they say they were gonna do when they 00:44:39.280 --> 00:44:47.520 came in front of this board yes chamber I've heard this and hopefully I can get 00:44:47.520 --> 00:44:51.960 away with this question am I still new enough I've heard this over and over we 00:44:51.960 --> 00:44:58.640 don't want to be like Frisco and Plano and McKinney what part of their success 00:44:58.640 --> 00:45:03.400 do we not want to mirror what part of they're extremely aggressive and it's 00:45:03.400 --> 00:45:07.840 working for then from what I can tell in the time that I've been here four 00:45:07.840 --> 00:45:14.280 months five months didn't has this deep deep rich history that is nothing like 00:45:14.280 --> 00:45:17.720 those communities and I imagine that they're over there wondering how they 00:45:17.720 --> 00:45:23.160 can get some of this over there but at this level at the economic development 00:45:23.160 --> 00:45:28.880 level why wouldn't we want to be like that and maybe there's not an answer to 00:45:28.880 --> 00:45:33.760 that today but why wouldn't we want to be aggressive progressive why wouldn't we 00:45:33.760 --> 00:45:36.900 want to attract to these larger industries and why wouldn't we want to 00:45:36.900 --> 00:45:47.120 find out what they're doing and mirror that question yeah no absolutely those 00:45:47.120 --> 00:45:51.560 that mischaracterize those communities would tell you it's cement in the end and 00:45:51.560 --> 00:45:57.160 overbuilt and over structured and over trafficked and all those things and I 00:45:57.160 --> 00:46:02.480 challenge that because one Plano's tax rate is 20 cents lower than ours and I 00:46:02.480 --> 00:46:06.840 think that's you know positive and if you drive down headquarters road you 00:46:06.840 --> 00:46:11.160 can't see any of those companies but for the trees landscaping berms so it's 00:46:11.160 --> 00:46:19.880 absolutely steeped in misnomer fear concern over non realistic experiences 00:46:19.880 --> 00:46:25.600 but if you don't drive headquarters row or whatever they call it you don't know 00:46:25.600 --> 00:46:30.560 you know and so I think that they they only will see a the stone briar snapshot 00:46:30.560 --> 00:46:37.280 of Frisco and not the other components you know but I'm absolutely with you 00:46:37.280 --> 00:46:41.200 there's there's one reason the Walberg's are moving their hamburger joint from 00:46:41.200 --> 00:46:46.480 the East Coast to Texas and it's blue star you know and being in that kind of 00:46:46.480 --> 00:46:50.880 that development that aggressiveness so I but I to answer your question I think 00:46:50.880 --> 00:46:57.320 it's just people misunderstanding and misrepresenting what it they snapshot of 00:46:57.320 --> 00:47:02.320 stone briar that's lots of parking lots but the difference is also there's areas 00:47:02.320 --> 00:47:07.920 that are well-treated and and and conservative but yeah so I think that's 00:47:07.920 --> 00:47:12.280 the that's the answer I would give you and I want to quantify my statement in 00:47:12.280 --> 00:47:17.040 that I choose Denton too and I do love the uniqueness and I don't think that 00:47:17.040 --> 00:47:22.920 Denton is in any danger of becoming any of those things in personality or 00:47:22.920 --> 00:47:27.760 uniqueness but my goodness don't we want I mean we have things that they don't 00:47:27.760 --> 00:47:33.040 have like space we have land and we have we still have space left to develop 00:47:33.040 --> 00:47:36.320 they're having to build straight up they're hemmed in where we do have these 00:47:36.320 --> 00:47:41.980 great opportunities and I'm just asking I'm just asking what can we do to help 00:47:41.980 --> 00:47:46.760 think outside of the box and how can we help and who can we partner with to be 00:47:46.760 --> 00:47:50.240 more aggressive and bring all those things that build this community into 00:47:50.240 --> 00:47:55.200 the picture that everyone in this room has in their head for this community 00:47:55.200 --> 00:48:02.160 Marty one question relatively new to the board here what can we do at a high 00:48:02.160 --> 00:48:08.640 level just to give some idea of the city's plan for our growth you know where 00:48:08.640 --> 00:48:13.160 are these companies working these companies go you know from a map 00:48:13.160 --> 00:48:16.800 perspective what's available out there what's being developed kind of a long 00:48:16.800 --> 00:48:21.000 term plan of where we were our industrial growth is playing from the 00:48:21.000 --> 00:48:25.080 city perspective and maybe just get a better feel for I think you mentioned 00:48:25.080 --> 00:48:28.720 it John earlier where these guys gonna go be interesting to see kind of what 00:48:28.720 --> 00:48:33.640 that looks like I think on our future agenda items is that one of our we have 00:48:33.640 --> 00:48:42.280 industrial park space or lack of space or it's a good point we're about to run 00:48:42.280 --> 00:48:47.680 out of space on our tours and that'd be a good topic to have overview yeah we 00:48:47.680 --> 00:48:52.720 can definitely bring back and to you from a planning perspective you know we 00:48:52.720 --> 00:48:56.160 just went through like the massive city-wide free-zoning and that was to 00:48:56.160 --> 00:48:59.600 become compliant with the future land use plan and what does that look like 00:48:59.600 --> 00:49:05.880 because there are still large areas that are undeveloped and so how do we guide 00:49:05.880 --> 00:49:12.880 that I think a lot of these questions that are being asked today maybe a 00:49:12.880 --> 00:49:17.160 little bit very broad for an hour and a half discussion with the City Council 00:49:17.160 --> 00:49:21.160 but again I will come back to you we are going to be going through a 00:49:21.160 --> 00:49:27.760 comprehensive planning process for economic development and I think that a 00:49:27.760 --> 00:49:31.200 lot of these points and I have taken a lot of notes I'm running out of space on 00:49:31.200 --> 00:49:38.240 the page need to come back in that discussion so if we can narrow down to 00:49:38.240 --> 00:49:44.160 maybe three or four kind of topic areas for the City Council discussion that 00:49:44.160 --> 00:49:50.240 would that would help staff out a lot but I'm open to to any we will craft it 00:49:50.240 --> 00:49:59.160 whichever way the board deems appropriate I think the number of top 00:49:59.160 --> 00:50:04.480 couple of topics are board makeup and establishing the fund and the criteria 00:50:04.480 --> 00:50:16.360 for that and then review of targeted industries and targeted industries 00:50:18.040 --> 00:50:24.040 think we're setting the agenda or suggesting agenda items for yes but she 00:50:24.040 --> 00:50:30.680 was if anyone wanted to know what they currently are those are renewable energy 00:50:30.680 --> 00:50:34.800 advanced manufacturing aviation and aerospace research and development 00:50:34.800 --> 00:50:39.240 information technology supply chain for existing primary employers and 00:50:39.240 --> 00:50:51.520 significant consumers of municipal utilities and that gets talked about an 00:50:51.520 --> 00:50:57.320 updated twice a year but I think it'd be good to take a look at that that may 00:50:57.320 --> 00:51:00.080 cover an hour and a half 00:51:06.640 --> 00:51:19.880 this board votes on that list twice every two years we've been doing that 00:51:19.880 --> 00:51:25.840 and it comes in a big report and I don't know that we've changed that very much 00:51:25.840 --> 00:51:30.480 but we talked about it cities staff talks about a chamber I mean the City 00:51:30.480 --> 00:51:34.480 Council talks about it we identify that I don't know I can't tell you that we 00:51:34.480 --> 00:51:39.720 added somebody or subtracted somebody renewable energy is one that we've added 00:51:39.720 --> 00:51:46.040 two years ago or if not maybe four years ago because of the additions we've done 00:51:46.040 --> 00:51:53.920 here in the city so those are all those industries this group and the City 00:51:53.920 --> 00:51:57.800 Council has all had conversations about every two years as we update our 00:51:57.800 --> 00:52:04.520 policies and there are national trade shows that circle around these 00:52:04.520 --> 00:52:08.400 industries and that's our job to reach out to those and attend those things and 00:52:08.400 --> 00:52:13.880 make contacts within those industries right now that's what Adam does set up 00:52:13.880 --> 00:52:18.560 a big booth brightly colored wave him down yeah that's what's happening some 00:52:18.560 --> 00:52:24.320 of them so Adam some of his marketing is going specifically to a conference of 00:52:24.320 --> 00:52:28.200 those type of people where aerospace is gonna be there the other ones are he's 00:52:28.200 --> 00:52:33.440 going specifically to conferences where their site selectors are all that so 00:52:33.440 --> 00:52:36.200 those are all people that are repping all kinds of companies so he's talking 00:52:36.200 --> 00:52:49.120 to those real estate companies on any other conversation on items for our 00:52:49.120 --> 00:52:56.880 agenda with the City Council all right thank you it's a good discussion we get 00:52:56.880 --> 00:53:09.040 and we get an hour and a half all right item EDP 19 - 040 045 because we're 00:53:09.040 --> 00:53:13.600 meeting on September 9th with the joint meeting we need to talk about canceling 00:53:13.600 --> 00:53:25.080 our September 11th meeting or not if we don't have any incentive request or 00:53:25.080 --> 00:53:31.160 anything like that it's easy to go ahead and send out the staff reports and not 00:53:31.160 --> 00:53:44.520 have a meeting so everybody okay with canceling that month that monthly 00:53:44.520 --> 00:54:01.960 meeting since we're gonna be on Monday all right hang in there guys item EDP 19 00:54:01.960 --> 00:54:07.040 - 046 receive report hold discussion and consider approval of changing the name 00:54:07.040 --> 00:54:12.560 of the Denton the downtown didn't pass force to the downtown economic 00:54:12.560 --> 00:54:17.640 development committee and adopting a downtown economic development committee 00:54:17.640 --> 00:54:30.160 policy so as Jessica's walking up there we talked about this last month we also 00:54:30.160 --> 00:54:34.320 staff took this to the downtown economic development task force and 00:54:34.320 --> 00:54:38.400 presented this and I attended and answered a few questions they've actually 00:54:38.400 --> 00:54:43.880 met twice since we talked about this they made a couple of seemingly 00:54:43.880 --> 00:54:48.680 reasonable suggested changes and other than that I think they're okay with 00:54:48.680 --> 00:54:53.880 everything right I will I will go through this pretty quickly and just kind of 00:54:53.880 --> 00:55:01.640 point out the changes that they suggested and so on July 11th a task 00:55:01.640 --> 00:55:08.200 force reviewed the full draft with the changes that the EDP had made so the 00:55:08.200 --> 00:55:13.000 draft that you have I would say it's substantially similar as I go through in 00:55:13.000 --> 00:55:19.320 the kind of terms that are in the policy on they're noted in red so you see them 00:55:19.320 --> 00:55:23.760 so they did and like the name change of the downtown economic development 00:55:23.760 --> 00:55:30.240 committee so good with that and they can concurred with it extending the area map 00:55:30.240 --> 00:55:36.480 so you have a new map in your backup that extends south to Eagle they asked 00:55:36.480 --> 00:55:41.720 about adding a instead of staying the Main Street president having it be a 00:55:41.720 --> 00:55:47.320 member of the Main Street executive committee that is a voting member they 00:55:47.320 --> 00:55:50.400 asked to add a representative with general knowledge of urban planning and 00:55:50.400 --> 00:55:56.040 then staff as I was reading the term limit section realized it was pretty 00:55:56.040 --> 00:56:00.280 confusingly worded and so I just cleaned up that section a little bit to make it 00:56:00.280 --> 00:56:06.400 clear so the sections were authorization and purpose the only change here like I 00:56:06.400 --> 00:56:12.400 said is the map and this is what the new map looks like that is in your packet on 00:56:12.400 --> 00:56:16.640 page 70 of your packet and the change was it previously just went straight 00:56:16.640 --> 00:56:22.680 across Prairie so we went down Bell to Eagle now again I would say that we've 00:56:22.680 --> 00:56:25.840 written it pretty broad this isn't a hard boundary this doesn't mean that if 00:56:25.840 --> 00:56:29.320 there's a business coming in somewhere along Fort Worth Drive that it wouldn't 00:56:29.320 --> 00:56:34.520 have an impact on downtown we would still bring that through the committee we 00:56:34.520 --> 00:56:40.880 would just it would be a little bit more subjective and here are the changes that 00:56:40.880 --> 00:56:45.160 were made to membership and structure representative with general knowledge of 00:56:45.160 --> 00:56:50.080 urban planning and that the executive someone from the executive committee be 00:56:50.080 --> 00:56:55.120 a full voting member and then clarifying that and it's three consecutive two-year 00:56:55.120 --> 00:57:03.720 terms and that the group the initial 13 members will split six members or seven 00:57:03.720 --> 00:57:06.640 members one will have one year and one will have two year terms what we're 00:57:06.640 --> 00:57:10.680 gonna do so that no one is short change the group that gets one year can serve 00:57:10.680 --> 00:57:18.480 three full two-year terms that one year term doesn't limit them and then no 00:57:18.480 --> 00:57:24.240 changes to the meetings and reporting and they did at their last meeting their 00:57:24.240 --> 00:57:29.560 August meeting agree to change the date of their meetings so they'll actually be 00:57:29.560 --> 00:57:35.240 meeting with enough time that we won't have a month lag between them meeting 00:57:35.240 --> 00:57:37.880 and the EDP meeting so when they're making recommendations they'll come back 00:57:37.880 --> 00:57:43.080 to you quicker so we thought that was a smart move so some someone who's on the 00:57:43.080 --> 00:57:48.480 hook waiting for feedback or something isn't waiting for a month and then right 00:57:48.480 --> 00:57:53.840 now we have it scheduled we'll be placing an item quarterly on the EDP 00:57:53.840 --> 00:58:02.360 agenda to get an update on the activities of the committee so really 00:58:02.360 --> 00:58:08.160 what's important today is next step so if you have changes and so the policy is 00:58:08.160 --> 00:58:15.320 drafted certainly let me know but it's in front of you for consideration our 00:58:15.320 --> 00:58:22.120 goal would be to get recommendations for who would be the appointments to the to 00:58:22.120 --> 00:58:26.440 the board that would be separate from the EDP recommendation remember there'll 00:58:26.440 --> 00:58:30.600 be one number of EDP serving on the on the committee that's actually on your 00:58:30.600 --> 00:58:36.320 agenda today if you choose to make that nomination today and then our goal would 00:58:36.320 --> 00:58:41.480 be at at the October meeting of the EDP that we would bring back nominations 00:58:41.480 --> 00:58:45.920 appointments to nominate that with the new members being seated depending on I 00:58:45.920 --> 00:58:49.320 didn't know when they were going to change their meeting date to so being 00:58:49.320 --> 00:58:52.960 seated if they met after you in October or before you they would be seated at 00:58:52.960 --> 00:59:00.960 their first meeting and in November and that's sort of the their game plan 00:59:00.960 --> 00:59:08.520 so I'm okay with all this my only question is if you could clarify remind 00:59:08.520 --> 00:59:13.800 me so this committee wanted to add a Main Street Association member and then 00:59:13.800 --> 00:59:17.160 they just wanted to make sure it was an executive 00:59:17.160 --> 00:59:23.520 we suggested the Main Street president as that member and they asked it could 00:59:23.520 --> 00:59:27.920 just be somebody from their executive committee in the case somebody was better 00:59:27.920 --> 00:59:32.520 suited to make the meetings or whatever and are there three members in their 00:59:32.520 --> 00:59:42.960 executive committee I guess my question would be on that does that mean they're 00:59:42.960 --> 00:59:49.360 gonna have the same person from the executive committee come every year I 00:59:49.360 --> 00:59:56.560 don't want somebody new coming every it would be someone from that group would 00:59:56.560 --> 01:00:00.720 have to be appointed by this body so it would be the individual okay it wouldn't 01:00:00.720 --> 01:00:13.560 be just an open seat that any of the four could attend there would be any more 01:00:13.560 --> 01:00:26.520 discussion or questions we have not talked about attendance for this 01:00:26.520 --> 01:00:34.480 committee it's not it's not written in here I would say for just about every 01:00:34.480 --> 01:00:36.960 other board the attendance policy is guided by the city's boards and 01:00:36.960 --> 01:00:42.400 commissions handbook this board isn't subject to that because they're not a 01:00:42.400 --> 01:00:46.720 city of Denton border Commission they're an economic development partnership 01:00:46.720 --> 01:00:52.440 border subcommittee so subcommittee and so it's a little bit complicated but we 01:00:52.440 --> 01:00:55.800 could add a line that says that their attendance policy will be in line with 01:00:55.800 --> 01:01:08.920 the boards and commissions if we want attendance to be it's pretty important 01:01:08.920 --> 01:01:12.520 that they attend meetings for me personally that would be okay I mean it's 01:01:12.520 --> 01:01:25.600 up to this body I think they've had really good attendance they may not 01:01:25.600 --> 01:01:29.200 meet every month if they don't have an item but generally speaking I think 01:01:29.200 --> 01:01:32.240 they've got good attendance what that does is gives you an out in case 01:01:32.240 --> 01:01:35.520 somebody's never showing up and they're on a two-year term you can re-appoint 01:01:35.520 --> 01:01:39.920 somebody because they're not coming so I think it that helps 01:01:39.920 --> 01:01:52.560 all right any other questions or concerns if not take a motion 01:01:54.200 --> 01:02:03.400 I'll move to approve I'll second with the change for the attendance you good 01:02:03.400 --> 01:02:10.160 with that John I'm good with that all right we had a motion and a second any 01:02:10.160 --> 01:02:19.080 further discussion all those in favor say aye aye any opposed motion carries 01:02:19.080 --> 01:02:27.400 our next item is receive report EDP 19-047 receive report hold discussion 01:02:27.400 --> 01:02:32.280 and appoint one or more members of the economic development partnership board 01:02:32.280 --> 01:02:39.960 to the downtown economic development committee so one of the things I guess 01:02:39.960 --> 01:02:46.560 it's got this conversation started off with was we've always loosely had 01:02:46.560 --> 01:02:50.440 somebody on this board on that committee because it was a subcommittee and we 01:02:50.440 --> 01:02:58.600 could report back and just wanted I guess we are reconfirming that so we 01:02:58.600 --> 01:03:04.720 need to nominate somebody from our committee to do that so who's not here 01:03:13.400 --> 01:03:23.680 the second question is who wants to be there I'm happy to do it if that's what 01:03:23.680 --> 01:03:28.640 the committee wants I've done it forever and I care about downtown but if 01:03:28.640 --> 01:03:38.600 somebody else wants to do it I'm happy for anybody else to do it - and thank you 01:03:38.600 --> 01:03:43.320 well what do you want to make a motion and let somebody else do that I'm serious 01:03:43.320 --> 01:03:50.240 anybody wants to do I'm I feel weird going back no it would be very much 01:03:50.240 --> 01:03:59.680 appreciative and ideal I move we appoint Marty Rivers to the newly named 01:03:59.680 --> 01:04:09.240 downtown Economic Development Committee I will second that any discussion all 01:04:09.240 --> 01:04:20.680 those in favor say aye aye any opposed all right that's a great group folks 01:04:20.680 --> 01:04:33.740 all right we have item EDP 19-049 get a report hold discussion and give 01:04:33.740 --> 01:04:38.560 staff direction regarding the selection of our business recipients for the 01:04:38.560 --> 01:04:42.320 recognition that our mayor and City Council business awards of breakfast 01:04:42.320 --> 01:04:48.400 it's Academy Awards time feels that way doesn't it did you pass out a sheet for 01:04:48.400 --> 01:04:54.920 yes I did if you would all please look at the blue topped additional side 01:04:54.920 --> 01:05:03.880 packet this is the this has the criteria that were outlined by the board for both 01:05:03.880 --> 01:05:08.680 the small business meaning under 100 employees and large business criteria 01:05:08.680 --> 01:05:16.720 and I do need to specify that because last tech a meat market it actually has 01:05:16.720 --> 01:05:24.400 ownership on the board Jimmy Mejia that you'll need to refrain from discussion 01:05:24.400 --> 01:05:29.360 regarding the selection of the small business award recipient but you will be 01:05:29.360 --> 01:05:34.920 able to join back in then on the large business recipient so anyway if we could 01:05:34.920 --> 01:05:39.220 get started we've met the last two or three different meetings you've had an 01:05:39.220 --> 01:05:45.560 opportunity to nominate potential businesses for as your recipient for 01:05:45.560 --> 01:05:50.800 small and large businesses and so this gives you an opportunity to see where 01:05:50.800 --> 01:05:56.240 they fall across the selection criteria and I did want to mention in in 01:05:56.240 --> 01:06:01.360 researching I saw yes I've been waiting months every day I drive by on my way to 01:06:01.360 --> 01:06:06.080 work to see if it's open I'm so psyched and then the response to that was yet 01:06:06.080 --> 01:06:10.120 somebody else saying rats the day I leave for two months well delicious 01:06:10.120 --> 01:06:15.480 fajita meat awaits me when I get back so it was it was big fun on my part to be 01:06:15.480 --> 01:06:20.200 able to go in and research these companies and see additionally as I was 01:06:20.200 --> 01:06:23.080 going through some of the comments that were made and of course we're talking 01:06:23.080 --> 01:06:30.480 about laws tech and meat market law is techa the ones in that are in Denton are 01:06:30.480 --> 01:06:35.760 owned and operated by the Mejia family and they opened their first location on 01:06:35.760 --> 01:06:41.600 I-35 in 2003 and you'll notice the second location opened in the former 01:06:41.600 --> 01:06:48.880 pickly wiggly in 2016 the I-35 location moved to a new site on ACME and opened 01:06:48.880 --> 01:06:56.920 in the fall of 2018 property tax for Bellorum for both sites is at four 01:06:56.920 --> 01:07:01.820 million they do donate to regional and state nonprofits Red Cross fallen 01:07:01.820 --> 01:07:06.320 officers and Texas troopers I know that there's consideration of participating 01:07:06.320 --> 01:07:11.800 with local charities as well as North Central Texas College kind of in the 01:07:11.800 --> 01:07:19.240 future considerations they they have had successful practice the parent operation 01:07:19.240 --> 01:07:24.840 actually has 11 different sites owned by two separate families in the North Texas 01:07:24.840 --> 01:07:28.920 area so they have competed very successfully against other Hispanic and 01:07:28.920 --> 01:07:34.640 Latino grocery markets and continue to look for ways to do outreach to their 01:07:34.640 --> 01:07:40.320 customers their family on grocery story can eat in the store and when people come 01:07:40.320 --> 01:07:45.520 in like me that have no idea what to do with 20 different kinds of peppers staff 01:07:45.520 --> 01:07:52.200 is on site to tell me and offer recipes so a very unique Denton centric kind of 01:07:52.200 --> 01:08:00.680 experience Dan silver leaf Dan states on his website that they are a range of 01:08:00.680 --> 01:08:06.080 live music from Texana to experimental staged with a roadhouse bar in the back 01:08:06.080 --> 01:08:12.960 in a roadhouse bar with a back porch and in a glowing article in the Wall Street 01:08:12.960 --> 01:08:17.000 Journal actually I'm sorry New York Times this has been several years back 01:08:17.000 --> 01:08:25.480 they dubbed Dan's as quote-unquote the hub of Dentons unplugged music scene for 01:08:25.480 --> 01:08:31.680 job creation workforce development Dan's has 15 employees and they're a dedicated 01:08:31.680 --> 01:08:37.600 music venue that really supports local and touring musicians a lot of UNT 01:08:37.600 --> 01:08:42.720 students and emerging bands get to cut their chops at day at Dan's Dan's bar 01:08:42.720 --> 01:08:51.120 has been here for since 1995 not at that site they opened on Industrial Street in 01:08:51.120 --> 01:08:57.560 2002 property tax valuation that whole Industrial Street area is the the 01:08:57.560 --> 01:09:04.080 companies that are leasing so their their property tax valuation at twenty 01:09:04.080 --> 01:09:09.160 two thousand is business personal property I've include BPP and all of the 01:09:09.160 --> 01:09:15.320 calculations here Dan is board member or has been a board member on the Denton 01:09:15.320 --> 01:09:19.960 Main Street Association he is a board member of the Denton music and arts 01:09:19.960 --> 01:09:23.280 collaborative that has worked on initiatives to help support the arts and 01:09:23.280 --> 01:09:30.360 music industry folks that are here in and Denton they're a benefit host to a 01:09:30.360 --> 01:09:36.120 number of different nonprofits United Way greater than Arts Council C7 which is a 01:09:36.120 --> 01:09:44.600 human trafficking halting human trafficking nonprofit organization many 01:09:44.600 --> 01:09:50.080 many more he's the 2015 recipient of the Kara award that is for significantly 01:09:50.080 --> 01:09:58.680 enhancing cultural life and outstanding support of fine arts so 2014 the 01:09:58.680 --> 01:10:04.240 downtown task force actually does a business awards award at the business 01:10:04.240 --> 01:10:09.640 awards breakfast and the downtown task force actually designated Dan and Dan 01:10:09.640 --> 01:10:15.320 silver leaf for that award on that year since 2002 there have been numerous 01:10:15.320 --> 01:10:20.960 press citations of Dan silver leaf as ground zero for dense emerging and 01:10:20.960 --> 01:10:26.800 independent music scene so they are a placemaking venue for the downtown area 01:10:26.800 --> 01:10:33.040 for visitation to downtown and people spending time there and and money there 01:10:33.040 --> 01:10:38.380 there are considered a catalyst business while they have not done historic 01:10:38.380 --> 01:10:43.560 preservation or so much investment per se in downtown revitalization they were 01:10:43.560 --> 01:10:48.160 the first business in that industrial street strip that was a catalyst for 01:10:48.160 --> 01:10:52.280 pulling other businesses there and there are a number of eating venues and 01:10:52.280 --> 01:10:57.920 everything else in that area now so they were kind of a pioneer along those lines 01:10:57.920 --> 01:11:05.000 Steve's wine bar this is a actually an out-of-retirement almost venture for 01:11:05.000 --> 01:11:12.400 Steve and Karen severance they have purchased this it used to be big knee 01:11:12.400 --> 01:11:19.680 wine and deli and that was on I believe East hickory and they have moved and 01:11:19.680 --> 01:11:23.600 doubled their space by moving to industrial they have a back room that is 01:11:23.600 --> 01:11:28.720 an event that venue and the construction on their patio is currently underway so 01:11:28.720 --> 01:11:33.080 they are still growing property tax value again business personal property 01:11:33.080 --> 01:11:37.800 here sixty six thousand dollars they're also involved in the community past 01:11:37.800 --> 01:11:42.960 president of the debt and Rotary Club a member of the Chamber of Commerce and a 01:11:42.960 --> 01:11:47.920 in two actually musician and two of the music groups that are constantly playing 01:11:47.920 --> 01:11:53.300 with their place of worship successful business practices they're here they're 01:11:53.300 --> 01:11:57.400 hanging in there they had no background at all in this area they just love 01:11:57.400 --> 01:12:01.400 drinking wine and they have turned that into a successful venture by looking at 01:12:01.400 --> 01:12:04.840 what is needed in Denton and by responding to what people are asking them 01:12:04.840 --> 01:12:11.680 for the additional live music venue has targeted jazz performers so they are 01:12:11.680 --> 01:12:20.280 providing an opportunity for the UNT jazz studies faculty and staff as well 01:12:20.280 --> 01:12:29.480 as students to perform there and as well as again an event venue that adds that 01:12:29.480 --> 01:12:35.480 opportunity to the downtown area and the fourth nominee that you all put forward 01:12:35.480 --> 01:12:41.760 was Allison engineering group they have 14 employees they opened their office on 01:12:41.760 --> 01:12:49.600 locust in 2005 and they recently relocated to a site on North Elm in 2018 01:12:49.600 --> 01:12:57.740 their property tax valuation there is point seven six million Allison does 01:12:57.740 --> 01:13:03.920 pro bono design services they save serve Denton over $50,000 in design services 01:13:03.920 --> 01:13:09.960 putting in the Denton community food outreach at that serve Denton campus 01:13:09.960 --> 01:13:16.840 they do pro bono work they help do the specific use or special use permit for 01:13:16.840 --> 01:13:21.160 Wheeler house in its construction they were the served at business partner the 01:13:21.160 --> 01:13:27.000 month member of the morning Kalana's and Chamber of Commerce board member so they 01:13:27.000 --> 01:13:32.240 are doing service in the community for successful business practices they 01:13:32.240 --> 01:13:38.440 belong to the professional organizations for engineering and downtown 01:13:38.440 --> 01:13:43.000 revitalization historic preservation they're currently working on a the 01:13:43.000 --> 01:13:49.240 historic preservation of the O'Neill Ford Fairhaven assisted living facility 01:13:49.240 --> 01:13:57.040 that is a nine million dollar 30,000 square foot senior living project underway 01:13:57.040 --> 01:14:03.080 so that's that's the gamut for small business and I didn't know whether we 01:14:03.080 --> 01:14:08.720 wanted to discuss that first and and the large business later after you reach a 01:14:08.720 --> 01:14:13.160 decision on smaller do you want me to go ahead with the large business now let's 01:14:13.160 --> 01:14:18.320 since we only have one large business to talk about let's feel like if we don't 01:14:18.320 --> 01:14:21.040 get to that point someone needs to leave we'll probably end up at the same place 01:14:21.040 --> 01:14:26.360 so okay let's talk about okay these if that's with everyone can I add a couple 01:14:26.360 --> 01:14:31.280 things sure why is Teco one of their community leadership as they have a 01:14:31.280 --> 01:14:37.960 representative on the EDP board correct we don't have on here I'm sorry I want 01:14:37.960 --> 01:14:43.080 to give them all the credit that's true that was the most obvious and I missed 01:14:43.080 --> 01:14:49.880 it sorry about that Allison engineering to there and private economic development 01:14:49.880 --> 01:14:53.680 investor with the chamber I think that's important to put on there as well they're 01:14:53.680 --> 01:14:59.480 also involved in leadership didn't think of somebody on the okay steering 01:14:59.480 --> 01:15:08.800 committee all right any comments questions motions 01:15:11.360 --> 01:15:17.080 Julie yeah so I'm just gonna dance was my nomination so I'm going to continue to 01:15:17.080 --> 01:15:24.560 advocate for dance so relief I although every business on here is a notable 01:15:24.560 --> 01:15:30.320 contributing business to Denton I shop and attend all of them and I'm very 01:15:30.320 --> 01:15:33.200 friendly with mr. Allison and appreciative of what he does for a 01:15:33.200 --> 01:15:38.760 development community I still since we are in process of becoming a cultural 01:15:38.760 --> 01:15:44.800 district we just were designated a music friendly city last year I think that it 01:15:44.800 --> 01:15:52.400 would be really great if we could nominate or award a live music venue to 01:15:52.400 --> 01:16:00.840 fall in line with that just to show that we are committed to to those things that 01:16:00.840 --> 01:16:11.160 would be that would be my recommendation George first thanks to staff outstanding 01:16:11.160 --> 01:16:18.440 kind of synopsis so I appreciate that I agree for our dynamic I think looking at 01:16:18.440 --> 01:16:23.200 it on paper I mean it's kind of the the same experience you had that's not 01:16:23.200 --> 01:16:30.720 captured on the paper that drives me and what to me causes a stack of that stand 01:16:30.720 --> 01:16:35.080 out it's the it is the community it is the kind of you can go they go there you 01:16:35.080 --> 01:16:43.640 eat you shop I kind of there's a social aspect there and just kind of the it's a 01:16:43.640 --> 01:16:49.360 community that doesn't always get the recognition they deserve I think that's 01:16:49.360 --> 01:16:54.200 important I didn't realize the 40 employees is dynamic to me I mean it 01:16:54.200 --> 01:16:59.200 y'all are in business you get it I mean that it is tough it's a tough market to 01:16:59.200 --> 01:17:05.000 find employees employees are tough to manage and so to me to have that two 01:17:05.000 --> 01:17:09.640 different locations that means you're always in two places at once and so to 01:17:09.640 --> 01:17:16.320 me just kind of that footprint that culture and what it represents to that 01:17:16.320 --> 01:17:21.360 Denton field and that sense of community really jumps out at me I think again all 01:17:21.360 --> 01:17:24.920 well-deserving I didn't know about the New York Times article that's fantastic 01:17:24.920 --> 01:17:31.480 for Dan's but that kind of is that the employee number and just kind of the the 01:17:31.480 --> 01:17:40.680 community aspect and then jump out at me as someone we want to kind of put to the 01:17:40.680 --> 01:17:46.620 forefront so that's gonna be I don't know what the process is mr. chair as 01:17:46.620 --> 01:17:52.680 far as how we never know what the problem just been thinking about that 01:17:52.680 --> 01:17:56.760 these last couple minutes about I hate to have a motion for one and everybody 01:17:56.760 --> 01:18:00.440 try to vote on one or not if you were doing that we may want to go around the 01:18:00.440 --> 01:18:06.560 table and vote everybody say what they want here they would like and add them 01:18:06.560 --> 01:18:11.000 up on I'm asking for suggestions 01:18:11.000 --> 01:18:16.280 this decision is very difficult for me 01:18:16.280 --> 01:18:23.480 although my preference is the stick for the reason that it is necessary to 01:18:23.480 --> 01:18:34.280 use this opportunity to include this part of this community 01:18:34.280 --> 01:18:44.280 en el pasado no no creo que ellos personas que reciben este award pero es 01:18:44.280 --> 01:18:53.960 una oportunidad muy única para incluye una parte de este este comunidad no 01:18:53.960 --> 01:18:59.360 incluyen pasado es todos mis palabras gracias 01:18:59.360 --> 01:19:19.520 in other words I heard you I think it's an opportunity to to provide recognition 01:19:19.520 --> 01:19:24.480 to a part of the community that has not been recognized sufficiently here to 01:19:24.480 --> 01:19:31.240 for Dan is a very good friend of mine his his son and my and my daughter were 01:19:31.240 --> 01:19:35.840 in high school together and we go way back I love Dan a lot I don't know mr. 01:19:35.840 --> 01:19:40.560 Allison Steve's wine bar I've heard nothing but good things about them I 01:19:40.560 --> 01:19:45.240 think they're all wonderful candidates I just feel like we have a unique 01:19:45.240 --> 01:19:53.400 opportunity here and that's my choice can somebody remind me who the downtown 01:19:53.400 --> 01:19:57.600 economic development task force voted for their to their subcommittee of ours 01:19:57.600 --> 01:20:05.080 I was there and I can't remember they voted for the Locust Street businesses 01:20:05.080 --> 01:20:19.040 Oh recovering from the fire okay several businesses I think we ought to go around 01:20:19.040 --> 01:20:25.320 the table and you can talk or just vote and everybody with everybody but Jimmy 01:20:25.320 --> 01:20:34.800 Jimmy can't now I'm deciding which part of the table Chris will start with you 01:20:34.800 --> 01:20:38.840 that's okay well I've only been to one of these 01:20:38.840 --> 01:20:42.240 businesses and so I can only speak intelligently about one of them but I 01:20:42.240 --> 01:20:46.160 got all the facts and figures here on the paper here but I guess based on what 01:20:46.160 --> 01:20:52.880 I read and what I see and I remember kind of creating this last year this 01:20:52.880 --> 01:20:58.760 under a hundred employee thing if I was going to vote I would vote for a loss 01:20:58.760 --> 01:21:19.960 tackle I am undecided at this point I would like to hear more feedback to pass 01:21:19.960 --> 01:21:44.480 at this time oh I already said yeah sorry I'm gonna put in a vote for Allison 01:21:44.480 --> 01:21:54.440 engineering group from an economic I love all for these people and I really 01:21:54.440 --> 01:21:59.840 don't care who wins Dan's is great they have also already won an award from the 01:21:59.840 --> 01:22:02.960 subcommittee of this group thought you'll long go for all those things we 01:22:02.960 --> 01:22:07.640 talked about and doesn't mean we can't award them again I think that's great 01:22:07.640 --> 01:22:14.800 and Steve's is great also Lee is up in front of council he's an economic 01:22:14.800 --> 01:22:20.240 development he's involved in a lot of these projects that are helping drive 01:22:20.240 --> 01:22:26.440 tax dollars and I think he's well liked by everybody he deals with in planning 01:22:26.440 --> 01:22:31.680 he's been very instrumental through the didn't development Alliance actually the 01:22:31.680 --> 01:22:35.440 staff has as far as working with planning and zoning this last year to 01:22:35.440 --> 01:22:41.000 get go through the whole process of rewriting the code and the zoning maps 01:22:41.000 --> 01:22:44.760 and their economic development partnership investors on the private 01:22:44.760 --> 01:22:48.080 side they're the only one on this group that is and so they're putting their 01:22:48.080 --> 01:22:54.120 money where their mouth is and right there so I'm gonna vote for those guys 01:22:54.120 --> 01:23:04.520 she voted yes sir I voted already as well to stick with my nomination but I 01:23:04.520 --> 01:23:11.160 do want to add about Allison engineering just in just to add my input about Lee 01:23:11.160 --> 01:23:18.280 Allison he I value his opinion and ask him if I have any questions or concerns 01:23:18.280 --> 01:23:25.480 about projects and their their group shows up and for the community and 01:23:25.480 --> 01:23:30.080 values their input and listens and so I just would be remiss if I didn't say that 01:23:30.080 --> 01:23:36.160 and when I had the opportunity Tony yeah Tony Clark I would vote for last 01:23:36.160 --> 01:23:39.440 deck as well for all the things that have already been said you know the 01:23:39.440 --> 01:23:43.520 Ortega family very well have a lot of respect for them what they've done in 01:23:43.520 --> 01:23:51.640 this community as well as their other locations Bob Bob Ames I've known Dan 01:23:51.640 --> 01:24:00.440 both professionally and drinking in his joints for a long time I think he's an 01:24:00.440 --> 01:24:04.840 honest man and I think he's done a lot of good over a lot of years for the 01:24:04.840 --> 01:24:13.200 community and so I would vote for Dan Jill looks like I'm the tiebreaker I'm 01:24:13.200 --> 01:24:22.680 just kidding I'm all completely worthy I would put my vote to Allison engineering 01:24:22.680 --> 01:24:30.320 group all right we've got seven if my numbers are right for laws TECA so that 01:24:30.320 --> 01:24:54.560 will be our okay we've got I'll take a motion is our choice for small business 01:24:54.560 --> 01:25:01.480 of the year award from the economic development partnership board second can 01:25:01.480 --> 01:25:09.040 I make a friendly amendment to that that we give also a recognition that these 01:25:09.040 --> 01:25:15.920 other companies were considered and we're all considered highly esteemed you 01:25:15.920 --> 01:25:20.180 know some somehow we just we realize that's TECA we'll get the award but at 01:25:20.180 --> 01:25:26.200 least acknowledging the others that is a conversation this group has had in the 01:25:26.200 --> 01:25:31.760 past as far as we have listed finalists in the past and it seemed that it led to 01:25:31.760 --> 01:25:36.440 some frustration on the part of some of the groups that were nominated a few 01:25:36.440 --> 01:25:43.440 years in a row but didn't win so I would maybe deny the friendly motion for this 01:25:43.440 --> 01:25:55.040 motion but give it as a topic for conversation but the intent I'm 01:25:55.040 --> 01:26:04.920 completely in agreement with thank you Keely motion and a second any further 01:26:04.920 --> 01:26:21.800 discussion all those in favor say aye any opposed all right and our large 01:26:21.800 --> 01:26:27.680 business nominee does anybody we've been given information ahead of time does 01:26:27.680 --> 01:26:35.600 anybody need Michelle to read through all that I can sit I can tell you in one 01:26:35.600 --> 01:26:42.280 sentence they were awesome and the amount of outreach that they actually do 01:26:42.280 --> 01:26:48.920 would have filled the entire page there was not enough space for it they're just 01:26:48.920 --> 01:26:58.880 stellar only question I have is any any city department that's through like CBB 01:26:58.880 --> 01:27:02.880 or anything like that are they in consideration for anything else or 01:27:02.880 --> 01:27:10.360 although that you would not answer all that okay not at this point and with whom 01:27:10.360 --> 01:27:17.000 we will speak and we can let them know hey they're already taken or they're 01:27:17.000 --> 01:27:25.380 already being we try to diversify and not have the same folks right yeah 01:27:25.380 --> 01:27:34.240 anybody like to make a motion I would like to make a motion to or I'd like to 01:27:34.240 --> 01:27:42.200 nominate embassy suites for the large business award that's what it's called 01:27:42.200 --> 01:27:49.320 there's a second second Gerard is seconded any further discussion all those 01:27:49.320 --> 01:28:00.120 in favor say aye any opposed motion carries we are done with our agenda 01:28:00.120 --> 01:28:07.320 anything anybody would like to put on as a future topic so our next meeting is 01:28:07.320 --> 01:28:15.760 Monday September 9th at 1130 update we'll just change the calendar invitation 01:28:15.760 --> 01:28:23.480 from the 11th to the night so we should be getting that from Michelle yes one 01:28:23.480 --> 01:28:28.000 thing I from it's been a week so I'm not certain but if staff could help me 01:28:28.000 --> 01:28:32.600 disseminate the information I think Mayor Watts is not going to be at that 01:28:32.600 --> 01:28:38.160 joint session so I think he's not going to be at that meeting so if you have 01:28:38.160 --> 01:28:45.320 something that you need to get to him if I'm right you may this group may email 01:28:45.320 --> 01:28:48.880 him or something just in advance but just know I think he said he was it was 01:28:48.880 --> 01:28:52.280 traveling that there's something going on we would be here so if there's 01:28:52.280 --> 01:28:57.000 information to be shared with him may have to do it yeah it's a short timer 01:28:57.000 --> 01:29:06.480 yeah all right we're German thank you for coming today good to see everybody