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 We have seven seated, so we have forum, Carol has been joining us as well.

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 So good morning, welcome to the meeting of the Economic Development Partnership Board.

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 Wednesday, February 2nd, 2025.

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 It is 11 of 3 and we have established forum, so I'll call the meeting to order.

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 The first item is to identify and confirm approval of the January 8, 2025 minutes.

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 Are there any questions?

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 Seeing no questions, I'll...

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 I'll make a motion to approve.

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 Thank you, Jeremy.

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 Second.

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 Approval and second.

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 Thank you, Rick.

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 Any conversation around it?

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 All in favor signify by saying aye.

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 Aye.

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 Any opposed?

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 Nay.

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 None heard, so that carries.

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 Thank you.

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 The next is we'll begin our work session with item A, EDP 25-00404 for discussion regarding

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 the economic development strategic plan.

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 Erica and Matilda will present this item.

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 Yes, they will.

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 I'm going to do a little intro though.

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 All right, let's roll.

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 So this item is an update for the 2020 economic development strategic plan.

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 Is this on?

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 It's on.

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 Okay.

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 Let's see.

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 Okay.

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 All right.

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 That works.

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 All right.

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 This item is an update to the 2020 economic development strategic plan.

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 We are bringing this to the board because during our last meeting, Tony Clark had concerns

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 that this was a duplication of the competitiveness study RFQ draft proposal that we presented.

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 And so we actually went back and searched if this team had completed a previous incentive

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 study.

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 And so we confirmed that we did not.

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 And so we do believe that he was referencing the economic development strategic plan.

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 So we're here today.

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 Erica Sullivan, our economic development program administrator, will provide an update or an

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 overview of how the strategic plan was completed back in 2020.

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 And Matilda Whedon, economic development specialist will provide an update on the tasks that have

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 been completed.

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 I'll begin with the first portion of it and Matilda will follow and then we'll go through

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 that.

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 We'll begin with the economic development strategic plan.

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 So we engaged TIP strategies in the fall of 2019 to lead our efforts in our planning process.

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 And on the left-hand side, you'll see the guiding principles, there are five.

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 For resiliency, for future focus, inclusive growth, entrepreneurial spirit, and cultural

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 vitality.

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 And so these provide us with the core items in how we define economic development.

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 And then on the other side, you'll see the goals of the strategic plan.

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 So it's built around three goals, accelerate recovery, foster growth, and strengthen community

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 inclusion.

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 And these provide a roadmap with the objectives of the strategic plan on how we are supposed

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 to organize our programs in economic development.

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 So this board was engaged about four times during the strategic planning process, officially,

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 for four workshops in January, February, June, and July in 2020 during that planning process.

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 A number of these, the board also participated on stakeholder groups with different industry

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 roundtables, developer input, that type of thing, and interviews, particularly leadership

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 like the mayor and so forth.

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 And so through that planning process, one of the things that came out of that is strengths,

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 weakness, opportunities, and threats, or SWOT analysis.

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 And you see as you're going on the outside, it's global, national, state, and local.

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 So we'll focus on the state.

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 I know some of these are hard to read.

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 But some of the highlights from the local level that are the strengths would be our

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 downtown, our power generation, our universities, some of the weaknesses and threats would be

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 the lack of resources, both high end, the lack of high end housing, and the lack of

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 affordable housing at the same time.

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 So that's kind of interesting.

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 So then we have our opportunities and threats.

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 We'll talk about some of the threats.

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 Again, in the local regional, in the center there, you'll see some of the threats that

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 we have, industrial workforce, aggressive growth with the area, cities, higher wages

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 again, in the Metroplex, and then we'll end on opportunities on the left-hand side.

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 So the opportunities were a debt and catalyst fund which we created, expanding entrepreneur

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 tech innovation, which we did with our entrepreneur tech program, and then utilizing DME with

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 our energy growth provider.

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 So TIP strategies also examine and compared the city of Denver with other area DFW cities.

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 And so you can see some of the programs here, so the cash grants are 380, property tax abatements,

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 sales tax rebates are also done through 380, fee waivers and impact fee, permit fees, infrastructure

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 grants, special development districts, TIP, TURS, PIBS, and then expedited services.

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 Now the gray areas and the shaded out areas, Carrollton, they wanted to know that they

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 only do sales tax rebates for data centers, there was a note for Irving because they only

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 do sales tax for retail developments, and then Denver, at that time, you could pay for

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 expedited permitting for large scale projects, but that's no longer available.

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 If you see in the center, Farmer's Branch offers the most.

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 What our plan said, according to them, is that we offer a wide variety of incentives

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 that the city of Denton does, and they recommended that we update our strategic plan to match

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 and align with our policies, to match and align with our strategic plan.

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 And we did that in 2022, and we also aligned it with our city core values.

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 So the incentive recommendations that came out of that, the capacity building, they recommended

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 that we create a catalyst run for multiple sources.

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 They recommended incentives include general SAR tax statements, so 380s, infrastructure,

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 we have our utility line fund with planned water and wastewater plan lines, innovation,

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 we have our tech entrepreneur grant, and access green incentives, we already have green incentives,

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 and we continue to foster those and expand those, and then also the target office space

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 initiatives.

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 One of the things that I did was when I updated the infrastructure financing policy, I applied

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 it to downtown, it was just industrial, and we also applied it to our office space, so

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 that's one of those targets.

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 Next.

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 So investment to implement the strategic plan, staff, TIP strategies, a whole host of people

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 came together to create different scenarios which are conservative to aggressive growth.

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 So they looked at those scenarios and made the recommendation of seven to nine million

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 for our catalyst fund, and then they looked at different programs that the catalyst fund

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 could support in the plan, and I won't highlight all of them, most of them are on goal two,

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 which is to foster growth, and you can see business recruitment, obviously we have our

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 new headquarters grant, we have our grant for relocation, we have all the tools that

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 we use for recruitment, business retention and expansion under goal two, also innovation

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 on entrepreneurship, so we have our entrepreneur tech grant program that we started, then we

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 also have infrastructure utilities, our utility line fund, which also goes with that class

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 A office space which I mentioned down below, green centers under two, and then the affordable

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 housing under goal three, we've been promoting community development and working with them,

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 I have participated in their housing assessment study, and I've been utilizing that and sending

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 that to developers so they understand the market, we also, they have a tool kit for

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 affordable housing which we've shared with numerous developers, and now they have affordable

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 housing grant program that we're also working with them on, now we'll pass it on to Matilda

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 that's going through the progress, and then we'll both be available for questions.

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 - Thank you Erica, okay, I'm going to run through our progress on our strategic plan

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 which we report on an interactive dashboard, at the end I'll be able to show you how to

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 access that, in the interest of time, I'm just going to cover goal two, foster growth,

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 which is separated into four separate goals, but overall we are 72% complete with our economic

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 development strategic plan, skipping this one, it's COVID related, and now on to goal

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 two, foster growth, we're going to start off with Connected Denton, so oops, sorry,

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 this one is related to business retention and expansion, recruitment, West Park infrastructure

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 and partnerships, some of the things that we're working on to move to completion is

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 marketing and workforce pathways, next we have Creative Denton, this one is really related

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 to tech and startups, a lot of the pending and in progress items are related to venture

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 capital and startup incubation, so that is something we are working on getting connected

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 with those groups and how can we better support and create an ecosystem for startups and creatives

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 in our community, now we have Sustainable Denton, this is a pretty small section compared

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 to the other three, this has a heavy focus on green development, incentivizing and encouraging

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 things like weed certification and environmentally friendly building standards, one thing that

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 we do pretty well is marketing our 100% renewable energy that the city offers, especially in

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 recruitment and things like that of businesses, they're always looking for new green initiatives,

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 so that's a really good service that the city offers for businesses, and then finally

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 a point of this section that Clay is working on as our business recruitment specialist

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 is targeting environmentally friendly businesses to locate here and then one good example that

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 you can think of in our community right now is Tetra Pak, they make sustainable carton

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 packaging, next and finally under Goal 2 we have Competitive Denton which has a heavy focus

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 on Coal and Hunter Ranch as well as infrastructure, there's also a lot of office space in here

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 which is kind of interesting because we have office vacancy but not a lot of Class A space

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 so there's a lot about balancing that and helping to develop office space, Class A especially

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 all across town including downtown, and the work that Hillwood is doing now will help

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 move this needle away further now that they've started to build, I'll skip these two parts

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 just for time and then finally this is where you can find it, I have a QR code but it doesn't

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 show up very well on your phone on the mobile view so if you when you go back to your office

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 today are interested in seeing our progress you can go to the economic development page

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 on the city website which you can find it on your departments, I didn't include that

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 very well but once you make it to economic development on the right hand side we have

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 the strategic plan dashboard as well as the PDF plan, the dashboard has I think 100 something

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 items that I individually report on every quarter and update so there'll be more information

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 of what we're doing right there, thank you.

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 Any questions for me or Erica?

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 I guess this may lead into the next item, I know I brought this up before but when this

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 plan was hatched, the idea that competitive debt meant class A office space made sense

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 to everybody and then for a while after the pandemic or during it, shortly after the pandemic,

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 I was hearing that office space, class A office space was not such a thing you know that it

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 was not in demand, I get the impression that it's kind of coming back we're kind of looking

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 to Jeremy you know because I think you might have your finger on this, you know is that

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 still you know a competitive requirement or are they looking more for like I'm really

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 guessing here innovative live work play kind of environments or?

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 I don't know that I'm going to be able to help on that, I don't know that we have much

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 class A.

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 That's the point right, the point was that we don't have it right so that's what we needed

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 to you know to be competitive but you know it's something to try it out.

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 On our side, the cool downtown live work kind of play office you know we own the railyard

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 building across from the city hall down there and we've had a hard time leasing to office

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 space like almost negative and to the point where we're thinking about a convertment.

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 To what?

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 I mean just because it's vacant right and of course the homeless has been a big part

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 of that problem in downtown but class A office space you know the hard part of it is it costs

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 so much to build and what rents have to be in that you know thirty dollar rents triple

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 that that works off of 121 in Frisco right you know but here in Denton it's kind of a

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 catch-22 we go build that can we really get those rents and have the confidence that we

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 can recruit a company that needs that space yeah so I go to Jeremy said Jeremy loan me

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 this I gotta get thirty dollar rents he says no way I'm loaning you money thirty dollar

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 rents at that so that's kind of you know where the balance is we can't go build it because

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 it won't underwrite today's rents but do I think we need that to get those kind of tenants

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 here but you know yes so it's a chicken-or-the-egg thing right I mean you speak that a little

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 bit of like first-hand knowledge is like you know our location where we're at a university

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 certainly not class a but there was a big remodel done in 2020 on that what we thought

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 rents were going to be at that time and then like once you perform and then what reality

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 is way different so then you end up having to drop rents just to get the occupancy in

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 there but I would agree with what Lisa and thirty dollar that it is the expense is going

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 to be there which is going to command a higher rent you're going to get that in debt so maybe

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 this maybe that's not the strategy that right to shoot for something that isn't really buildable

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 yeah they are going to be making buildings and that's what you're going to wind up with

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 well I think strategy could be to accomplish that is if we said okay we want to recruit

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 somebody to move their headquarters here Schwab or whoever those are how do we recruit them

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 to come make the capital investment because they're going to be their own tenant right

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 so maybe that's a strategic way we can get that done and that's that could take saying

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 the cities to get that kind of campus will participate in the land acquisition will participate

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 during utilities will participate in those kind of things where they're making the capital

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 investment because they're the ten that could be a strategy to get to that goal and utilizing

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 incentives to pull back is a way that you can do that unfortunately this plan was developed

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 I started right before COVID and hit during COVID we did the ending stakeholder groups

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 virtually we did business retention virtually in goal one that she you know went over because

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 that's mainly accomplished so yes to this point saying sentence would help fill that

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 gap and that's kind of what we were doing when we did really are we were trying to meet

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 a lot of these this was before this was done with the with the incubator center in there

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 that was really cool we did that through a 380 agreement to pay the rent for that it

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 was a good mission it was super cool is what we were trying to do was give it a little

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 work downtown kind of feel and incubator things worked and the cities to continue to support

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 that which is really good but kind of what our vision was to get tech companies in there

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 to come out of that to take bigger spaces yeah that was our vision for that and it kind

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 of worked you know but the incubator thing is working you know but getting them to grow

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 in the larger spaces was our real long-term goal right how do we get these companies to

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 get enough employees they got to get out of here so we were able to do that with human

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 defenders and they're actually looking at expanding again so it's working so that one

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 is an example of one that came out of that and i think our confederate cities too frisco

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 and mckinney they're doing a good job of recruiting some of those tech companies and

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 to take office space but i think in the case of lgbv too like i mean they wanted to downsize

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 the building and they were looking for 80 100 000 sources of office space and so some

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 of our surrounding cities they do have that space and just a minute that so there's opportunity

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 for us to implement an order from each country for sure but on the flip side of that you know we

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 deal with a lot of banks and they use us to go underwrite their troubled assets a lot of banks

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 call us and we'll as a consultant we'll go look at their troubled assets how do they get redeveloped

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 we get a lot of calls for big office i just got one last week for 120 000 foot office lead what

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 do we do with this thing right and so i'm putting together a package for them right now to figure

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 out what they do with this troubled asset and so it's scary you know as us as the developers we

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 would not go put that on the ground anywhere right now in the metroplex not just that i wouldn't go

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 put that on the ground anywhere it's not a personal guarantee how long was it you had the all northside

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 town bank before you and t-butt as long as i can remember just uh the example that i would give

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 about the sustainable debt and strategy working it's a weird one because you don't get a lot of

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 credit for it locally from the people interested in environmental issues but core scientific

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 is massively remunerative to dentin and it's and it's all about tech companies

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 that want their data centers to be renewable and it's a huge win for dentin and you know even if

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 you're just evaluating it on the pure green benefits having that here rather than somewhere

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 else it wouldn't be on renewables you know massive win what scientific contributes to our cattle spot

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 exactly virtuous virtuous circle sustainability in the sustainability section are

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 data center related um yes it kind of acknowledges that we should recruit and attract high energy

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 users but data centers are kind of on the cusp of energy innovation and green technology to support

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 all of that so anything else what's the uh an example of something in the catalyst fund

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 has been used for uh team of defenders it was the investment fund at that time so it was the

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 investment fund before the catalyst fund team of defenders from the future um and saffron were all

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 funded through the investment fund so that was funded it created in 2016 and funded through um

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 we tried to find in close nexus mixed beverage so 150,000 per year so that funded those the catalyst

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 fund was renamed and given additional funding sources in 2022 it was approved of the budget

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 and in august or september actually um and so with that we funded engine tech so engine tech is our

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 first one that we funded with it being the catalyst fund so it's 20.2 we funded engine tech and that's

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 it no the other two were funded with the investment fund and their five-year term so they continued to

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 be funded through the catalyst fund so all of the the job based grants and expansion grants that i

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 mentioned they're all funded through either the investment fund and then catalyst fund because

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 their term continued into the catalyst fund and what's the what's the balance of that fund or what's

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 is it if we go to the slides there's some hidden slides so there's 4.3 in the fund the fund is

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 authorized for 7.3 which hidden slides behind behind the question um one of the clickers works

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 yeah it's 4.3 million we're authorized for 7.3 million but it'll go into the specifics of it

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 so if you go up to 20 so this if you're authorized for 7.3 we didn't get 7.3 our balance you see at

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 the bottom there is 4.3 of course scientific did go into bankruptcy they did come out of bankruptcy

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 in february of last year we also split that investment revenue with two other programs

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 and one time with the general fund so this is actually where we're at with the catalyst fund

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 now they are regrouping they came out of bankruptcy they're going into ai if you've

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 been reading that so i think they'll perform better but we haven't had a transfer of that yet

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 but this is the latest that we have from accounting and budget and we just presented this to um in an

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 informal staff report the city council i've seen a more detailed report on this

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 i'll follow up with a question on that later

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 any other questions conversation thank you both appreciated there's no vote needed on

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 that that was information only the next item is item v edp 25-005 and britney are you doing this

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 thank you all right so this is a follow-up to our study rfq discussion from last meeting

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 so you've heard update for the street plan how it would be different from the incentive

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 study but just as a reminder i did a collector feedback from last meeting and i added it on the

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 rfb it's on your desk and it's highlighted in red the text accelerator of all the new items and it's

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 also in red in the presentation and just so you know the difference between the strategic plan

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 and this item is that this will be more data intensive it'll be an update to any of the

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 goals that were listed in strategic plan as well um and more like a deep dive um all right

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 the objective of the study is to evaluate dentin's competitiveness based on type

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 type top site selection prep considerations and provide recommendations to staff and edp board

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 members on areas of improvements and opportunities

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 so there are three deliverals that we are asking for in the rfp and one of them is city comparisons

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 and so this will be based off this um criteria which is workforce labor availability which

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 includes average wage comparisons cost of living for employees number two availability of development

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 ready sites including land availability with ready infrastructure existing building availability and

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 airport sites um number three cost of doing business which includes sales tax rates development

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 permit and impact fees development timelines timelines and this is one that we added from pre-application

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 meetings to completion and other related cost um and airport fee comparisons that's what rick had

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 mentioned number four is incentive evaluation comparison of dentin incentives and funding

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 mechanisms to other cities and economic development policies of top performing cities fiscal and

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 economic impacts of the top incentivized projects awarded to comparable cities including but not

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 limited to revenue recovery timeline new revenue gains and job gains tax base diversification and

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 other relevant factors i think this is the most important topic that we would want the consultant

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 to complete for us number five utilities infrastructure utility rate comparison and

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 access to infrastructure that includes our new items that we added water and sewer infrastructure

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 access and limitations within industrial areas and quality of life including executive and

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 affordable housing and price comparisons school district ratings and access and number seven

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 transportation supply chain risk and mitigation so the first of the rural of course was the city

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 comparisons um collect and compare data based on the criteria section from competitor cities in the

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 dallas potworth region including didn't but we're at dallas and kenny 40 and the new ones that we

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 added based on our discussion northlake alliance briscoe south dallas communities and cities near

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 the dfw airport i do think that whichever consultant responds to the rfp that they

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 will have recommendations on which who they feel are their biggest competitor

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 deliver number two is evaluation of existing incentives and return on investment that includes

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 analysis of assisting incentive policies to ensure competitiveness and evaluation of existing

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 incentive agreements and short and long term roi for the city's general fund evaluation of

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 commercial first residential land with the city limits and tax revenue generated per acre

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 other metric compared to other cities denton has a high amount of land that's owned by universities

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 or local government entities and so we're not able to collect revenue from those um those sites um so

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 that makes us a little bit different from other cities and that's something we're paying to do

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 right now is how as economic developers we can generate more revenue from the city

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 one that we add is evaluation of the city's current budget and impact of future economic

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 development projects or other considerations affecting the tax base and consideration of

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 other development limitations including existing zoning or other factors

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 deliverable number three are of course recommendations we want the consultant to

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 provide recommendations for improving all aspects of economic development practices policies

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 developer environment and incentive structure in the city of denton including the implementation

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 of new facilities and infrastructure improvements if relevant we also want them to identify top

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 trends impacting the facility location decision making process in texas the us and nationally

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 so if we're able to get this approved by the board today based on your feedback we will

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 list this online we'll start getting consultants to probably respond to the rfp we'll submit it to

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 consultants to respond to the rfp the proposal doesn't will be on march 28 2025 and the budget

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 that we just said is 50 000 which is significantly less than what the economic development plan costs

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 back in 2020 any questions i don't have a question i have a comment i don't know whether it would go

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 under criteria three or scope of work removal two i think somewhere a statement of the bond ratings

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 for the city county and school district okay have a direct impact on what it costs to do business

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 for all those entities and i think actually the three of them i think are a pretty good trade but

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 okay i will add it

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 does the cost is that published out there when you do the rfq yes why well i think for us that is our

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 budget anything over let's say the consultant reviews it and based on who decides to respond

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 they all have different specialties right then they may want to add additional a la carte items

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 that we can choose from and so once they submit the proposals we can bring it back to the board

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 and we can choose which items we want to move forward with i do think the most important part

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 of this study is to evaluate our current incentive policies our approval process how we compete with

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 other cities so we can move forward with improving those are we have some guidance and everyone's on

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 the same board and we can present it to city council and that's the most important factor and

330
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 but the other ones i think are probably more optional and that's up to the board to decide

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 man my thought is if you i'm sorry so we'd never do that yeah i don't know that any private company

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 would do that because if you tell me your budget's 50 000 i'm either not going to submit an rfq or

333
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 guess what it's going to be 50 000 whereas it could have been 25 000 or whatever so i just

334
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 don't understand why we would do that it's kind of the going great i believe but i can take it out

335
00:29:38,040 --> 00:29:51,000
 um typically i mean so different than you know if you post a job and it says the job is

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 a range of this if i'm applying for that job i'm gonna ask you to be up a range i mean every one

337
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 of you guys that are probably in here whenever your job is posted has had the salary range on there

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 so then did you do you think i leave yourself or not and that's going to be what you asked for then

339
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 the negotiation the leverage just flips to the employee right right i understand what you're

340
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 saying um typically and i think previous didn't uh proposals they do list the budget but we won't

341
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 have we don't have to list it we'll see i'm just nervous it may be over 50 000 and that's fine then

342
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 at that point we can then we can have continuing discussions with them to bring it down but let's

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 not negotiate against ourself on the front end okay we'll take that out any other comments ideas

344
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 okay again no vote needed on this just uh acknowledgement thank you thank you for your

345
00:30:49,480 --> 00:31:01,880
 help this is great all right the next item is uh edp 25-003 friendly and this is you again is that

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 right again so for the month of january this is our update uh we are coordinating business workshops

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 right now for residents this is a um an idea that we have based on a community survey that

348
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 was released to residents last year um residents wanted more small business resources and workshops

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 for us to host and so that is why we're putting these together matilda ween is leading this effort

350
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 and she's put together a lunch with an expert panel discussion on february 28th we will send

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 you those marketing materials once they're completed but there will be a cpa a lender and a attorney to

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 assist entrepreneurs with getting into business any questions that they may have um because you

353
00:31:46,200 --> 00:31:50,200
 as you know if you're starting if you want to know the difference between a silver pride or lsc

354
00:31:50,200 --> 00:31:55,800
 this is a good opportunity for them to get um just general advice from experts

355
00:31:55,800 --> 00:32:03,800
 we held a public improvement district information session last uh month as well for our downtown

356
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 property owners this is a recommendation in the downtown master plan um to create a kid for the

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 downtown area to support redevelopment um and so we have based on the boundaries listed in the

358
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 downtown master plan we sent an email and postcards to those property owners um we had about maybe 13

359
00:32:24,200 --> 00:32:30,040
 attend the in-person session we had a few virtual attendees as well um those attendees we just

360
00:32:30,040 --> 00:32:36,040
 provided a general overview of how a pit operates and what potential funding options they would have

361
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 if they were to support it um we are we sent out surveys to the property owners and so we're

362
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 waiting for responses right now and so we're just kind of exploring the opportunity to create one

363
00:32:46,600 --> 00:32:56,520
 for the area um events and training staff attended a variety of events or the in january um play

364
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 attended the dallas regional chamber annual meeting in arlington actually that was matilda and myself

365
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 as well and played um we played in the icsc red river retail trade show in dallas uh christen and

366
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 matilda attended the stoke didn't accelerate her cohort event i attended the icma economic mobility

367
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 cohort event christen attended the texas main street design retreat and erica attended the

368
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 economic priorities webinar from size up matilda attended the ntx uas safety and integration

369
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 transports quarterly meeting um so the north texas cobb uh non-profit organization they

370
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 host quarterly uas meetings and so we try to chain those as data so we can know how the fa

371
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 is moving forward with um uas uh technology marketing we're wrapping up a comprehensive

372
00:33:47,400 --> 00:33:51,640
 marketing overarching for our staff um the community protocol is done is on your desk

373
00:33:51,640 --> 00:33:56,600
 um we have not ordered a bulk copy yet so if you have any edits to the profile let us know

374
00:33:57,800 --> 00:34:01,880
 we also have other templates that we got done presentation or recruitment presentation so

375
00:34:01,880 --> 00:34:07,080
 community templates and our entire response we did host a prospect back in december and the site

376
00:34:07,080 --> 00:34:13,640
 selector uh commended our new marketing materials so that was great it was time well spent

377
00:34:13,640 --> 00:34:20,200
 and best place for working parents i'm going to defer to matilda to provide an update

378
00:34:23,400 --> 00:34:29,240
 if you look on your desk there should be a flyer for this program this is the result

379
00:34:29,240 --> 00:34:35,000
 of last year's leadership and class that my fellow and other city staff i remember part of

380
00:34:35,000 --> 00:34:43,480
 are the leadership and program always has a big class project where you kind of can try

381
00:34:43,480 --> 00:34:50,920
 to solve a problem uh and child care is a really large issue across the board in the u.s and so

382
00:34:51,960 --> 00:34:57,880
 that our presentation of free proposals and best place for working parents was one of them and it's

383
00:34:57,880 --> 00:35:05,400
 essentially a free uh service for the businesses in our community in the city of denton um where

384
00:35:05,400 --> 00:35:14,600
 they can take a very fast and again free uh survey about their business and hopefully be designated

385
00:35:14,600 --> 00:35:19,960
 as the best place for working parents so it's essentially kind of a badge you can put on your

386
00:35:19,960 --> 00:35:26,920
 marketing materials on your website promote it when you're hiring people um and again it's free

387
00:35:26,920 --> 00:35:35,000
 to the businesses uh and we the city kind of we work with best place for working parents to create

388
00:35:35,000 --> 00:35:41,080
 the city of the region so we are sort of fronting the cost for the businesses in town to be able to

389
00:35:41,080 --> 00:35:47,720
 participate in this um so yeah i will be managing that if anyone has questions

390
00:35:50,600 --> 00:35:53,720
 um

391
00:35:53,720 --> 00:36:04,200
 okay so here's our recruitment stats we are finally almost over the hump of finalizing

392
00:36:04,200 --> 00:36:12,200
 our edu um crm database um so we have currently oh this was not updated apparently the number was

393
00:36:12,200 --> 00:36:42,040
 not it was down okay so for the month of january we received 10 leads

394
00:36:42,360 --> 00:36:47,640
 release the office and so how we received the leads is by phone by our email we have a general

395
00:36:47,640 --> 00:36:54,760
 inbox um jamey gets leads to his inbox of the edpb um and then we also just get general phone

396
00:36:54,760 --> 00:37:03,080
 calls directly to us or even linkedin um connections we have um christen had six downtown bre visits

397
00:37:03,080 --> 00:37:08,360
 for the month of january four in retail service one in real estate one um an educational institution

398
00:37:08,920 --> 00:37:14,840
 and then currently we have 25 actor projects um i will say that last year we had probably an average

399
00:37:14,840 --> 00:37:22,280
 of about 10 to 15 actor projects and this includes city-wide uh products and downtown um so we are

400
00:37:22,280 --> 00:37:27,000
 very busy at the moment but it's good news we are actually working on getting all the products from

401
00:37:27,000 --> 00:37:32,680
 point a to point z um they're at various stages and so we do have another report that we'll put

402
00:37:32,680 --> 00:37:38,440
 together eventually we'll send it to the board um the company names will be confidential but

403
00:37:38,440 --> 00:37:42,520
 um i just want to let you know we'll have that report next month just it's taking time to get

404
00:37:42,520 --> 00:37:47,960
 used to adding the information in the database but um there's a lot of great stuff going on right now

405
00:37:47,960 --> 00:37:53,880
 excuse me i'm sure you said it uh but i didn't get bre doesn't stand for business reply envelope

406
00:37:53,880 --> 00:37:59,560
 no business retention and expansion i'm sorry so what is it business retention and expansion

407
00:37:59,560 --> 00:38:07,080
 all right well here my RFI is priscilla davis has been working hard and responding to these

408
00:38:07,080 --> 00:38:15,400
 um last in january she had six that she submitted um all from the governor's office and so um the

409
00:38:15,400 --> 00:38:24,520
 total of all those RFIs um just for jobs would be over 1500 jobs and a little over 530 million

410
00:38:24,520 --> 00:38:29,640
 dollars and of course not all of those will respond back to us but we have had at least a few reach

411
00:38:29,640 --> 00:38:37,080
 out recently um we just had one that she submitted actually um reached out to us she submitted it i

412
00:38:37,080 --> 00:38:42,760
 think was it in january project opus and they um we hosted a site tour for them yesterday and so

413
00:38:42,760 --> 00:38:47,800
 fingers crossed that we'll be able to land it but we've had a few companies interested in landing

414
00:38:47,800 --> 00:38:52,200
 and didn't so we're just really trying to make sure that we're putting our best foot forward and

415
00:38:52,200 --> 00:38:57,720
 getting them over the hump project server we hosted them in december uh clay was going to present

416
00:38:57,720 --> 00:39:01,640
 that during this meeting but we had to take it off because the building that they wanted to purchase

417
00:39:01,640 --> 00:39:06,920
 actually got leased out so now we're actively trying to find a new building for them um so

418
00:39:06,920 --> 00:39:10,840
 just want to let you know we are we do have projects in the works we're working hard

419
00:39:10,840 --> 00:39:13,400
 and and we're hoping to bring those to you in the next few months

420
00:39:13,400 --> 00:39:20,040
 a fine arts theater it's moving forward you may have seen in the paper yes

421
00:39:21,160 --> 00:39:29,080
 um so they are planning to open in april of 2026 which is exciting uh so we're very happy for them

422
00:39:29,080 --> 00:39:33,480
 if you want to sign up for their email updates you can go to their new website texas fine arts

423
00:39:33,480 --> 00:39:40,440
 theater dot com um and sign up for their email blast and that is it well i have two more so one

424
00:39:40,440 --> 00:39:44,440
 thing that i would do put in the fire port presentation is that denton will be hosting a

425
00:39:44,440 --> 00:39:50,200
 governor small business summit in october yay that's exciting um there's only a select few

426
00:39:50,200 --> 00:39:55,800
 cities across the state of texas that are chosen for the summit every year and so twu the city and

427
00:39:55,800 --> 00:40:01,400
 of course the edu will be in chamber will be involved um it's more it's woman focused um so

428
00:40:01,400 --> 00:40:08,360
 we're excited about that but um it should be fun uh let's see and i wanted to congratulate

429
00:40:08,360 --> 00:40:26,360
 brian danhoffer his new promotion of plant manager okay that is all i have thank you

430
00:40:26,360 --> 00:40:35,240
 i have two questions if i may um matilda for your uh business lunches how are you selecting the

431
00:40:35,240 --> 00:40:39,800
 panelists we received that question last time with the homebuyer seminar so i was just wondering if

432
00:40:39,800 --> 00:40:48,440
 you could provide that so we can advocate for our members according so we so we reached out to jill

433
00:40:48,440 --> 00:40:55,640
 jester on city council to provide recommendations on um attorneys and then initially wanted her to

434
00:40:55,640 --> 00:41:01,400
 participate because it is a city council led event um i mean not city council a city led event so we

435
00:41:01,400 --> 00:41:05,640
 did ask for her advice but matilda looked on your website eight people website um to check our

436
00:41:05,640 --> 00:41:12,280
 recommendations yep and then i have one more how does this branding play into the soon to be city

437
00:41:12,280 --> 00:41:16,440
 rebrand yeah i know we're participating in that so i just don't want you guys to go to all this work

438
00:41:16,440 --> 00:41:23,000
 and then have to so we actually made this um in preparation for the overhaul the city's overall

439
00:41:23,000 --> 00:41:28,680
 brand we know that they will have a new logo um it's my understanding they won't have a full

440
00:41:28,680 --> 00:41:33,560
 branding campaign it'll be more of like a logo based right so we don't know if that's meant for

441
00:41:33,560 --> 00:41:39,240
 us but we how we structure the colors is that the colors can change to match the logo so those will

442
00:41:39,240 --> 00:41:45,560
 be the only things that change in our marketing materials um because the the city's marketing

443
00:41:45,560 --> 00:41:50,120
 departments the consultant they got to do the branding overhaul will not do our own marketing

444
00:41:50,120 --> 00:41:56,200
 materials it's really mostly a logo so that we made it really um we told the graphic designer

445
00:41:56,200 --> 00:42:03,240
 implement um oh gosh i'm out of breath sorry talking too much um coordinate with epb colors

446
00:42:03,240 --> 00:42:07,960
 which is a lime green and the city's colors are blue and since now we're leading recruitment

447
00:42:07,960 --> 00:42:13,160
 efforts right we told them to add a little bit both of those elements um and so eventually the

448
00:42:13,160 --> 00:42:18,760
 colors may change but we need to market materials now because we're hosting prospects and so i have

449
00:42:18,760 --> 00:42:22,920
 led marketing efforts in other cities i know what we're competing against and if we don't have to

450
00:42:22,920 --> 00:42:28,040
 put in marketing materials now for positive visits we won't be taking seriously so we needed them

451
00:42:28,040 --> 00:42:33,320
 now and i know that the marketing um team they're working hard on it's going to be great but i don't

452
00:42:33,320 --> 00:42:38,920
 know when it's going to be completed so christina davis would say this is structured so i just want

453
00:42:38,920 --> 00:42:48,440
 to go she always gives me a hard time about that we love it thank you all right any other conversation

454
00:42:49,320 --> 00:42:57,480
 um i do have uh any other business to discuss or suggestions to discuss next meeting yeah so i've

455
00:42:57,480 --> 00:43:04,920
 got just some feedback and i've forwarded information to britney steve um so i guess by being on this

456
00:43:04,920 --> 00:43:12,440
 committee i guess i'm on the hotline where people reach out and provide feedback so i just want to

457
00:43:12,440 --> 00:43:27,000
 kind of let the committee know so uh i'm also uh the chamber uh represented here and i think

458
00:43:27,000 --> 00:43:32,520
 with lee as well but i went to the advisory economic olympic and the airport get a presentation

459
00:43:32,520 --> 00:43:39,800
 so some of the questions came from there for me to bring back but um one of the recurring themes

460
00:43:39,800 --> 00:43:47,640
 that i'm hearing in meetings like this is that you know west park we want to promote and grow

461
00:43:47,640 --> 00:43:53,320
 that area west of town and then there's also development kind of northwest

462
00:43:53,320 --> 00:44:02,040
 town northwest of 35 or west of 35 so one of the issues that keeps coming up is water and wastewater

463
00:44:02,600 --> 00:44:11,080
 deficiency or a lack of excess capacity in those areas there i haven't done research on this

464
00:44:11,080 --> 00:44:18,200
 this is what i was told i've passed that on britney is you know vetting that to see the

465
00:44:18,200 --> 00:44:25,560
 legitimacy of it or not but uh there was a new line that was put up in the northwest area

466
00:44:25,560 --> 00:44:32,200
 i don't have details on it but as soon as it went in it went through one property they were

467
00:44:32,200 --> 00:44:38,280
 told they were i'm told that that the owner that gave the easement was going to have ability to

468
00:44:38,280 --> 00:44:47,640
 use that once it went through uh the tone changed where it is a capacity and there's just not much

469
00:44:47,640 --> 00:44:53,960
 water or wastewater not sure which one it is capacity in that northwest area uh and also on

470
00:44:53,960 --> 00:45:01,240
 the west side i was told of another development i'll go into more details on that one but uh it's a

471
00:45:02,200 --> 00:45:06,920
 property owner went ahead and brought the part bought the property because they had gone through

472
00:45:06,920 --> 00:45:12,360
 so much of the planning process they've already they had they did have to get a special use permit

473
00:45:12,360 --> 00:45:19,720
 the special use permit was approved by not only city council but i guess p&z or whoever else

474
00:45:19,720 --> 00:45:27,240
 approves it but two two boards they were going to tie into the 12 inch line that's on the north side

475
00:45:27,240 --> 00:45:37,240
 of 380 the north the 380 line was pulled for the residential out west it stuck into a 12 inch line

476
00:45:37,240 --> 00:45:44,840
 however if you look at the overall master plan that apparently is coming out or to be coming out

477
00:45:44,840 --> 00:45:50,920
 it shows a 16 inch line that goes out there there are 13 months into the process that got

478
00:45:50,920 --> 00:45:55,240
 the approval from texthot to use that now they're working through some stuff with texthot

479
00:45:55,880 --> 00:46:01,640
 and then the water department comes back and says no you can't tap into the line on the north side

480
00:46:01,640 --> 00:46:08,200
 but it wasn't communicated to them at you know pre-development meetings and things like that

481
00:46:08,200 --> 00:46:14,440
 i just mentioned that because that seems to be a recurring theme that we are hearing i'm not

482
00:46:14,440 --> 00:46:20,040
 involved in that by the time it gets to me at the banking level all that is kind of done by that

483
00:46:20,040 --> 00:46:27,160
 point so but i'm just passing that on that i had heard i passed it on to britney britney did

484
00:46:27,160 --> 00:46:34,360
 communicate with the development services team they're working to try to find a solution because

485
00:46:34,360 --> 00:46:39,480
 the the initial plan that they had told this particular company was they need to bring

486
00:46:39,480 --> 00:46:46,600
 another 12 inch line on the south side like a mile basically from moss branch all the way out

487
00:46:46,600 --> 00:46:54,520
 wherever it is so this particular company does have employees they're bringing they are going

488
00:46:54,520 --> 00:47:03,160
 to sell there there are sales there are other locations that they have in texas that this will

489
00:47:03,160 --> 00:47:08,040
 probably cannibalize a little bit of the sales at other places but initially they think there's 30

490
00:47:08,040 --> 00:47:14,840
 million dollars in sales there so to kind of bring this full circle here you know we've talked the

491
00:47:14,840 --> 00:47:21,000
 last few meetings about when there is a decision that the city staff or city department is making

492
00:47:21,000 --> 00:47:28,600
 that is going to ruin the viability of that company coming because of the the cost dynamics

493
00:47:28,600 --> 00:47:34,520
 change that there needs to be communication to either this committee or the department

494
00:47:34,520 --> 00:47:42,360
 and this is just another example that kind of reinforces that belief that i have right or wrong

495
00:47:42,360 --> 00:47:45,720
 it's just another piece of evidence that kind of supports that would be helpful

496
00:47:45,720 --> 00:47:51,960
 because there may be avenues i mean two things number one if that department really feels that

497
00:47:51,960 --> 00:47:58,600
 strongly about it then they should have no problem coming here to defend that to economic development

498
00:47:58,600 --> 00:48:06,200
 if it's a a want and not a need then maybe they'll be a little reluctant to ask that and throw up

499
00:48:06,200 --> 00:48:12,200
 another roadblock again 13 months into the project when they already have all their approvals and it's

500
00:48:12,200 --> 00:48:20,440
 just a oh by the way you have to spend an extra x million dollars so anyway i said that and i do

501
00:48:20,440 --> 00:48:27,800
 feel strongly that i don't think that responsibility should be delegated to someone else it should be

502
00:48:27,800 --> 00:48:31,720
 the person or the department that makes that decision that comes to kind of explain that either

503
00:48:31,720 --> 00:48:39,480
 to economic development or not i do think we need to start evaluating you know like the catalyst

504
00:48:39,480 --> 00:48:45,800
 fund we have that the the financial model that we used in the last presentation i think rick

505
00:48:45,800 --> 00:48:51,160
 had asked can this be used in other departments in other areas and i think we have a pretty good

506
00:48:51,160 --> 00:48:57,080
 example of that west park area where you know there were tours that were put in place to bring

507
00:48:57,080 --> 00:49:07,160
 utilities out there marty rivers at american national bank has and trust has put a presentation

508
00:49:07,160 --> 00:49:12,760
 three or four years ago together they showed what the tax base out there was at an ag level

509
00:49:12,760 --> 00:49:19,960
 verse what it is now at a you know fully developed area so if our mindset from the water water

510
00:49:19,960 --> 00:49:27,080
 department or wastewater not sure if those are the same or different but that the developer will

511
00:49:27,080 --> 00:49:33,560
 just develop that and let them bear the cost if we want britney to be successful in bringing new

512
00:49:33,560 --> 00:49:38,040
 businesses to the area i think we need to probably consider changing our approach in that

513
00:49:38,040 --> 00:49:42,680
 using the resources that we have a model it's going to require more work by the city

514
00:49:42,680 --> 00:49:47,880
 to actually use the equipment that we have and we pay for but we need to come up with some kind of

515
00:49:47,880 --> 00:49:57,880
 roi on if we invest use the catalyst fund to bring the water the wastewater out in those areas and

516
00:49:57,880 --> 00:50:04,040
 then this is what the tax base we projected to come in i'm not talking about the projections like

517
00:50:04,040 --> 00:50:08,520
 i got a projection in that meeting that the airport brought and they're projecting operations

518
00:50:08,520 --> 00:50:14,920
 increase over the next 20 years at two percent on average if you look at the last 19 years in

519
00:50:14,920 --> 00:50:24,360
 the same table that they presented it's 4.75 percent so we're going to a market consultant

520
00:50:24,360 --> 00:50:28,760
 and saying hey give us what you think and then we're just taking that and throwing it on there

521
00:50:28,760 --> 00:50:35,000
 when it's not really realistic i think we need to really if we want to support this and we want

522
00:50:35,000 --> 00:50:42,520
 businesses to grow i think it's a little unrealistic to require them to bring a model a pipe for water

523
00:50:42,520 --> 00:50:47,480
 to their site that everybody else is going to be able to use down the road so i think we need to

524
00:50:48,440 --> 00:50:55,640
 have an open mind and try to come up with what tax revenue what job creation what

525
00:50:55,640 --> 00:51:04,360
 sales tax property and property tax and the tax creation all contributes to to make those plans

526
00:51:04,360 --> 00:51:09,560
 and try to use some of the catalyst funds to go ahead and put pipe where it needs to be so we can

527
00:51:09,560 --> 00:51:18,040
 do that so i just say that because that's what i'm hearing on the flip side and one of the comments

528
00:51:18,040 --> 00:51:26,680
 was with regard to i put lutrier but i think it was mayhill

529
00:51:26,680 --> 00:51:34,680
 oh no i'm sorry one of them was on the mayhill same thing we came in and did new roadways but

530
00:51:34,680 --> 00:51:41,640
 there's still issues with some kind of excess capacity on utilities over there as well and so

531
00:51:41,640 --> 00:51:47,080
 i just think that as we're doing things we need to think of be proactive and think about

532
00:51:48,360 --> 00:51:52,680
 where we want to develop and not just put a band-aid over what we're doing and again there's

533
00:51:52,680 --> 00:51:57,240
 people in this room that have way more experience in this area than me i'm just kind of a relayer

534
00:51:57,240 --> 00:52:06,680
 but one of the things on the the airport discussion whenever they were presenting it was

535
00:52:06,680 --> 00:52:12,280
 288 coming through one of the updates that they said in that meeting was that the city of den is

536
00:52:12,280 --> 00:52:17,960
 currently in a negotiation with texas for right away on that the question that came back and i

537
00:52:17,960 --> 00:52:23,080
 don't know if there's anything that the city can do or not but is there anything to expedite that

538
00:52:23,080 --> 00:52:27,640
 process to open up that development by bringing in 288 is there anything the city can do to

539
00:52:27,640 --> 00:52:35,080
 expedite that and if there is you know i told them i said well the city's going to want some kind of

540
00:52:35,080 --> 00:52:40,760
 same roi model to you know if we're going to put x amount of dollars here what's our return going

541
00:52:40,760 --> 00:52:45,640
 to be and i told the city manager that i didn't anticipate the two percent growth that you're

542
00:52:45,640 --> 00:52:51,400
 illustrating on that deal was going to if if that's the return that we think that we're going to get

543
00:52:51,400 --> 00:52:56,120
 over there then i'm sure the city has a better option to get better than two percent return

544
00:52:56,120 --> 00:53:02,760
 so i think he was going to revisit because i was on operations dot revenue they were going to redo

545
00:53:02,760 --> 00:53:09,000
 that but i i just think we should as a city utilize our resources that we have in all of these areas

546
00:53:09,000 --> 00:53:12,840
 to figure out these models or these projects are worthwhile or not

547
00:53:12,840 --> 00:53:21,800
 as coming out of all that discussion britney did talk to the water department the three things that

548
00:53:21,800 --> 00:53:29,160
 i think that we should know or the city should know are brought to the surfaces where there are

549
00:53:31,000 --> 00:53:39,960
 minimal excess capacity and water or wastewater what areas and then kind of overlay that with what

550
00:53:39,960 --> 00:53:47,720
 the city's desires are in what areas and figure out how and then they need to explain to us the

551
00:53:47,720 --> 00:53:54,280
 funding is it there or is it needed and what's the timeline to address that but i told her i

552
00:53:54,280 --> 00:53:58,840
 wouldn't have them come until they can really address all those things so i don't personally

553
00:53:58,840 --> 00:54:02,680
 i don't think it's a meeting that you can have next month but she thinks that she's going to

554
00:54:02,680 --> 00:54:09,240
 get with them and verify they can but i think it would be helpful to over if that's it's like

555
00:54:09,240 --> 00:54:14,360
 whack-a-mole right whichever one's coming up the most recent that's what we're trying to to hit

556
00:54:14,360 --> 00:54:18,360
 and this is the recurring theme that i'm hearing you guys may have a different opinion or hear

557
00:54:18,360 --> 00:54:25,640
 different things that we need to whack first but that was just my relay i could speak to a lot of

558
00:54:25,640 --> 00:54:32,520
 what you were talking about can we talk about whether we want there's a lot but whether we want

559
00:54:32,520 --> 00:54:37,800
 to have that discussion a future agenda because that's really what well we can we can tie it into

560
00:54:37,800 --> 00:54:44,200
 the catalyst funds that's when we go back to that i think he brings up one very good point is i think

561
00:54:44,200 --> 00:54:50,760
 looking at our capacities and what part of the cities we want to grow and what areas that we need

562
00:54:50,760 --> 00:54:57,560
 more capacity to encourage to match what our plan is i think that is a great exercise and to speak

563
00:54:57,560 --> 00:55:01,880
 to that a little bit i think we're a little further down the road than we think on that

564
00:55:01,880 --> 00:55:06,360
 because the city just finished their master plan on the sewer and wastewater and their studies of

565
00:55:06,360 --> 00:55:13,560
 where that's at that could be why some of those things came up on your client because they did i

566
00:55:13,560 --> 00:55:18,040
 think they have completed their master plan and their capacity studies so they may already have

567
00:55:18,040 --> 00:55:25,480
 more information than we think on that so i think in this in this plan i i think what the point you

568
00:55:25,480 --> 00:55:31,240
 brought up is probably the most valid is let's understand in the city where we need to make

569
00:55:31,240 --> 00:55:38,200
 investments and where we don't and what encourages to match the growth that we want because you know

570
00:55:38,200 --> 00:55:44,200
 we were the first ones out on western boulevard we did a 380 degree city in the county on those

571
00:55:44,200 --> 00:55:52,680
 first two buildings out there two buildings at 176 000 feet and we proved rents because that was the

572
00:55:52,680 --> 00:55:57,720
 problem in denton right was proving rents we were able to prove we can get good rents in denton for

573
00:55:57,720 --> 00:56:02,440
 industrial and you see what happens and i don't think the city gets enough credit for working with

574
00:56:02,440 --> 00:56:07,000
 us on that project given those incentives because we didn't know if we could get those rents or not

575
00:56:07,000 --> 00:56:11,800
 when we built those buildings but it was a joint city and county effort that thing goes and when

576
00:56:11,800 --> 00:56:16,600
 they go good they're never back to city council for an update of hey this work look at the growth

577
00:56:16,600 --> 00:56:21,800
 to the point of the tourism i think that should be things that come back to the council we see in the

578
00:56:21,800 --> 00:56:26,680
 newspaper when stuff doesn't work but i that worked out there and you can see the minus square

579
00:56:26,680 --> 00:56:34,280
 footage to one other point on i actually have projects on mayhill and west of 380 we actually

580
00:56:34,280 --> 00:56:42,280
 own the largest track the land industrial land entitled and then you know 325 acres and the city

581
00:56:42,280 --> 00:56:49,480
 is actually ahead of the curve a little bit on that issue in that area it's probably not advertised

582
00:56:49,480 --> 00:56:55,000
 a lot until it's concreted that the feasibility of it works but there are some major sewer line

583
00:56:55,000 --> 00:57:01,960
 projects working on the west side a major water line project working it just takes a long time

584
00:57:01,960 --> 00:57:05,800
 you know we're doing a joint project with the city where we're getting the easements and doing things

585
00:57:05,800 --> 00:57:13,560
 to help facilitate that so they're actually scott mcdonnell you guys i cannot speak highly enough of

586
00:57:13,560 --> 00:57:19,480
 he's proactive on those issues and he's actively working on it to your client's need

587
00:57:19,480 --> 00:57:24,600
 their consultants probably shouldn't be a little ahead of the curve on that shouldn't let them get

588
00:57:24,600 --> 00:57:30,040
 that far down the road that's not 100 the city's issue you know if they had quality engineers work

589
00:57:30,040 --> 00:57:34,680
 on that they're going to know what capacities are out there so i don't know that there was capacity

590
00:57:34,680 --> 00:57:39,800
 on the north side they had all the approvals to tie into that but and and that's the thing is like

591
00:57:39,800 --> 00:57:46,440
 if you look at the capacity they currently have the capacity now but then the city said no we want

592
00:57:46,440 --> 00:57:51,400
 you to pull here because if you tie in that it's going to open up here and then if everybody down

593
00:57:51,400 --> 00:57:55,000
 here goes into that i think it's going to there's a little more to that because there's pressure

594
00:57:55,000 --> 00:57:58,520
 planes right there's an upper pressure plane out there and a lower pressure plane i'm working on it

595
00:57:58,520 --> 00:58:04,520
 right now and so there's maybe a little more to that but to your point of what you made that if

596
00:58:04,520 --> 00:58:10,040
 we have a problem with the tenant that there is an issue we could get into engineering details for

597
00:58:10,040 --> 00:58:14,760
 the next hour i'm not going to bore everybody with that but to your point is if there is a hold-up

598
00:58:14,760 --> 00:58:20,280
 and something's happening i think it would be very good if it's a if it's a tenant that matches our

599
00:58:20,280 --> 00:58:25,480
 plan a tenant that we're actively recruiting and it matches our requirements then they should come

600
00:58:25,480 --> 00:58:31,720
 to this thing and then we can see what we can do to help them um to speak to the mayhill road issue

601
00:58:31,720 --> 00:58:35,480
 that was a problem we go build a new mayhill road and we don't put utilities in with it

602
00:58:35,480 --> 00:58:40,440
 that is a big problem you know tech stopped spending millions of dollars to build four-lane

603
00:58:40,440 --> 00:58:45,960
 mayhill road we should come along inside the city and put utilities in there as a master development

604
00:58:45,960 --> 00:58:51,080
 i mean and look at a marketing study that is a good point that because i got a project i'm dragging

605
00:58:51,080 --> 00:58:58,920
 sewer two miles and water another you know mile to get to my side right so there's an issue on

606
00:58:58,920 --> 00:59:03,720
 that and that's a perfect example of we should look and say if we're putting a new road in the

607
00:59:03,720 --> 00:59:08,920
 tax dollars because this is being spent we put in a minimal investment on utilities that's going to

608
00:59:08,920 --> 00:59:14,920
 create development especially with the new bridge opening up now mayhill road is this traffic as

609
00:59:14,920 --> 00:59:19,720
 much traffic as loop 288 because you got to go down the buckies and make that right turn now

610
00:59:19,720 --> 00:59:25,960
 so mayhill road is the new corridor coming through right now so that's a great point

611
00:59:25,960 --> 00:59:34,120
 but to defend a little bit which pains me to do but scott mcdonnell and his development team

612
00:59:34,120 --> 00:59:39,560
 is doing a great scott isn't he yes it does because i don't want him to hear that so so i don't know

613
00:59:39,560 --> 00:59:43,240
 that scott was aware like this particular issue i don't think scott was even aware it was the

614
00:59:43,240 --> 00:59:51,640
 water department was aware of those guys right after jeremy the request is to get on the agenda

615
00:59:51,640 --> 00:59:57,400
 whether it's next month or the month after and have some city department representation to address

616
00:59:57,400 --> 01:00:02,920
 some of the yeah access capacity like a timeline funding address those three items with respect to

617
01:00:02,920 --> 01:00:11,960
 water wastewater in the city and identify and and i guess yeah does that align with

618
01:00:11,960 --> 01:00:17,560
 the what you just put out right for strategic vision right so if you go back some slides you had

619
01:00:17,560 --> 01:00:26,920
 like eight eight potential customers right that potential coming in and a bunch of them were

620
01:00:26,920 --> 01:00:33,160
 manufacturing as an example they think a lot of water right they do so we have the capacity to

621
01:00:33,160 --> 01:00:38,200
 actually have that does that need to be in the plan right if we want to recruit that person

622
01:00:38,200 --> 01:00:45,000
 does that need to be but where can we put them and does that fit into what we're doing exactly

623
01:00:45,000 --> 01:00:49,480
 and i think that's a great part of our study that you're going to incorporate that the city can help

624
01:00:49,480 --> 01:00:53,960
 apply that information especially they've done their studies and i think the city's open to that

625
01:00:53,960 --> 01:01:00,200
 right like i think if anybody brings to council they say hey if we spend dollars in this area and

626
01:01:00,200 --> 01:01:04,200
 show where we've done before i don't care where you set on council it's probably going to be

627
01:01:04,200 --> 01:01:09,640
 support hey if this is an area growth and max matches our strategic plan matches our future land

628
01:01:09,640 --> 01:01:14,440
 use that's not a hard sell you know but that takes an annual budget you know that's going to go in

629
01:01:14,440 --> 01:01:19,720
 the next budget and there might be even funds outside of our the funds we have in utility

630
01:01:19,720 --> 01:01:24,360
 budget for expansion of those things that we might be able to allocate for those things so

631
01:01:24,360 --> 01:01:28,680
 there's lots of options but if we if we come with really good data and i'm so thank we brought that

632
01:01:28,680 --> 01:01:35,240
 up of this is the type of uses we want in these types of areas that these types of zonings are

633
01:01:35,240 --> 01:01:42,040
 already here and our deficiencies may be utility capacity merging those two things together i think

634
01:01:42,040 --> 01:01:45,880
 no i don't think anybody i don't care where you stand politically isn't going to take that

635
01:01:45,880 --> 01:01:52,360
 information and go hey this makes sense so again good depending on the scale you know of the

636
01:01:52,360 --> 01:01:58,440
 investment and also you know potentially be very suitable for for bond yeah because it's an investment

637
01:01:58,440 --> 01:02:02,760
 in the future yeah so i mean like i think that i think that's what we do that's what we need to

638
01:02:02,760 --> 01:02:10,280
 look at right i'm going to go ahead we want to get it on an agenda item here that's the proposal

639
01:02:10,280 --> 01:02:17,160
 yeah and okay so let me say i know one of the other things was whether we're going to have quorum

640
01:02:17,160 --> 01:02:25,880
 next month it's march 12th is the targeted so we'll we'll schedule that request at the city

641
01:02:25,880 --> 01:02:30,680
 depending on what feedback we get on the availability of everyone the thing i would

642
01:02:30,680 --> 01:02:35,800
 say let's don't rush that because they it's going to take some time for them to really look at that

643
01:02:35,800 --> 01:02:40,840
 and look at their master plan i would rather put it on a couple of agenda items down and let them

644
01:02:40,840 --> 01:02:44,760
 really prepare because that's going to take engineering planning you know they got to get

645
01:02:44,760 --> 01:02:49,640
 that in their schedule i would rather ask them for a schedule to get back to us on that with a reason

646
01:02:49,640 --> 01:02:55,400
 i'm like not eight months from now but yeah i want to make sure that you have the opportunity to take

647
01:02:55,400 --> 01:03:01,320
 back information that will be here on 12th okay you're asking for quorum you will be here i will

648
01:03:01,320 --> 01:03:06,840
 not be here okay spring break okay i think that's going to be one of the challenges financial league

649
01:03:06,840 --> 01:03:15,560
 of cities is that day so given given that potential of not having quorum and least point on just the

650
01:03:15,560 --> 01:03:20,200
 veracity of the report that they're going to be able to bring back maybe we target april if that's

651
01:03:20,200 --> 01:03:26,040
 what the city feels is appropriate yeah i would agree i would and that's what i said initially

652
01:03:26,040 --> 01:03:29,320
 let them tell us when they can because i don't want to force it and then because they're going

653
01:03:29,320 --> 01:03:35,080
 to come here get a lot of questions from this committee yeah then you'd be prepared yeah great

654
01:03:35,080 --> 01:03:39,640
 thank you we're appointing a board regent this year too our board nomination committee is going

655
01:03:39,640 --> 01:03:44,040
 to council on february 18th so that'll just be to form the nomination committee for this group

656
01:03:44,040 --> 01:03:51,960
 so we can reappoint members and then let's see that hopefully by next uh even be more

657
01:03:51,960 --> 01:03:57,320
 board meeting we'll have new board members as well i know steve's anxious to get it replaced

658
01:03:57,320 --> 01:04:02,600
 but he's doing such a great job we want to give as long as possible all right so the other thing

659
01:04:02,600 --> 01:04:09,320
 i wanted to just make sure texas open meetings act uh we everyone has to sign up on that is that an

660
01:04:09,320 --> 01:04:15,480
 annual requirement or if you've done it is just one time so if there's anyone who hasn't done it

661
01:04:15,480 --> 01:04:22,520
 we'd ask that you do that training and get the documents signed off and that um are we supposed

662
01:04:22,520 --> 01:04:29,480
 to be out of this room at noon during the meeting after at noon okay and just for next board meeting

663
01:04:29,480 --> 01:04:33,880
 we may have a project we need your approval and so in order please let us know you can't attend or

664
01:04:33,880 --> 01:04:37,240
 no if you can't attend please do because we'll probably have the project if not we'll let you

665
01:04:37,240 --> 01:04:44,440
 know okay great conversation thank you for your attention and for uh sticking around for all of

666
01:04:44,440 --> 01:04:49,560
 it look forward to the next journey thank you good information good anything else really yeah

667
01:04:49,560 --> 01:04:56,440
 anything else with the good of the order uh hearing none we're going to close at 1207 thank you all

668
01:04:59,480 --> 01:05:00,780
 Okay, thank you.