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OKAY.[1. Call to Order ]
RIGHT.WE'LL CALL THE CHER DEVELOPMENT CORPORATION MEETING TO ORDER ON MONDAY, JULY 17TH AT 6:00 PM AND WE HAVE, ALL OF OUR MEMBERS ARE PRESENT.
ITEM NUMBER TWO OR PUBLIC COMMENTS.
WAS THERE ANYONE SIGNED UP TO SPEAK? NO.
[3. Presentation by Mintwood regarding a potential mixed-use development in downtown Fulshear. ]
THREE.PRESENTATION BY MIT WOOD REGARDING A POTENTIAL MIXED USE DEVELOPMENT IN DOWNTOWN FULCHER.
UM, I'D LIKE TO INTRODUCE NICK AND KATIE FROM MIDWOOD.
UM, THEY HAVE APPROACHED US AND ARE WANTING TO COME BEFORE YOU TODAY AND SHARE A PROJECT THAT, UM, THEY WOULD LIKE TO HAPPEN HERE IN SHORE, UH, IN OUR DOWNTOWN AREA.
SO, UM, THEY WILL SHARE WITH YOU ALL ABOUT THEIR BACKGROUND AND, UM, WHAT THEY'RE PROPOSING AS WELL AS WHAT THEIR REQUEST IS.
ANNEL, WOULD YOU, I KNOW THAT THEY'RE GONNA BE SHARING INFORMATION WITH US.
I KNOW THAT THERE'S AN EXECUTIVE SESSION AFTER THIS, SO DO WE NEED TO, LIKE, BE SENSITIVE TO SOME OF MAYBE THE TOPICS WE DISCUSS IN PUBLIC VERSUS THOSE THAT MAY BE MORE APPLICABLE FOR AN EXECUTIVE SESSION? YES.
UM, AT THE CONCLUSION OF THEIR PRESENTATION, IF YOU HAVE QUESTIONS THAT, UM, ARE ABOUT THEIR BUILDING, THE PROJECT THEY'RE PROPOSING, SPECIFIC TO THAT, PLEASE GO AHEAD AND ASK.
UM, AND THEN IF YOU HAVE, YOU KNOW, QUESTIONS THAT REQUIRE MORE DISCUSSION, UH, BIG PICTURE WITH STAFF, WE CAN SAVE THOSE, UM, FOR OUR EXECUTIVE SESSION, FOLLOWING THEIR PRESENTATION.
I WOULD SUGGEST WE ONLY ASK QUESTIONS FOR CLARIFICATION AND NOT HAVE A OPEN DISCUSSION POINT.
HI, I'M NICK BENG, HOUSE WITH BENWOOD REAL ESTATE.
UM, BENWOOD CURRENTLY ARE OFFICES IN DALLAS.
UM, WE HAVE, UH, MULTIPLE JOBS THAT KATIE AND I HAVE DONE, AND KATIE KATIE'S MY BUSINESS PARTNER RIGHT HERE.
UM, MULTIPLE JOBS THAT WE'VE DONE IN THE HOUSTON AREA TOGETHER.
SOME OF THE JOBS YOU MAY RECOGNIZE, UM, WE DID WITH GABLES RESIDENTIAL, WHICH IS THE JOB OFF, UM, IT'S THE RIVER OAKS PROJECT WITH THE TOOTSIE'S AND THE EDDIE VS.
UM, I WAS THE CONSTRUCTION MANAGER ON THAT ONE.
UM, SHE WAS THE DEVELOPMENT PERSON.
UM, YOU KNOW, I'VE, I'VE LIVED HERE IN THIS AREA FOR ABOUT 12 YEARS NOW.
I CURRENTLY LIVE IN WESTON LAKES AND I'VE LIVED THERE FOR ABOUT EIGHT YEARS.
UM, I'VE WATCHED, YOU KNOW, JUST ALL THE GROWTH OUT THIS WAY AND SO MANY DIFFERENT THINGS BEING BUILT, YOU KNOW, FROM 1463 THAT USED TO BE IN LIEU OF THE WALMART, THE COW PASTURE.
UM, USED TO LOVE TAKING A RIDE OVER THERE, AND THAT WAS MY WAY HOME EVERY DAY.
AND NOW, YOU KNOW, UM, WELL I LIVE IN WESTLAKES, BUT YOU KNOW, I WATCHED IT TURN TO THAT WALMART AND I TOLD MY WIFE, HEY, IT'S, IT'S KIND OF TIME TO GO.
UM, WE NEED TO MOVE OUT A LITTLE BIT FURTHER, AS WITH ANYTHING ELSE, YOU WATCH THE GROWTH CONTINUE TO GROW AND, AND KEEP ON GOING OUT.
UM, AND, AND WHAT WE'VE NOTICED IS, YOU KNOW, THERE'S A LOT OF DIFFERENT THINGS THAT COME, UM, THAT MAYBE, YOU KNOW, SOME PEOPLE WANT AND SOME PEOPLE DON'T WANT.
RIGHT? SO, UM, SPECIFICALLY WHAT WE WANT TO TALK ABOUT IS THERE'S, KATIE AND I ARE EXPERTS IN DOING MIXED USE FACILITIES.
UM, THAT'S THE RIVER OAKS JOB WITH GABLES.
WE'VE DONE, UH, WE'RE DOING RUN RIGHT NOW IN OKLAHOMA CITY, UM, DALLAS, HOUSTON.
UM, BUT, UM, YOU KNOW, ONE OF THE THINGS THAT I REALLY WANTED TO COME UP HERE CUZ I WATCHED EVERYTHING GROW OUT THAT WAY, IS THERE'S NOTHING OUT THERE THAT IS SOMETHING THAT'S REALLY UNIQUE, RIGHT? SO, UM, THE, THE PROJECT THAT WE WORKED ON WITH WARREN, EVEN THOUGH IT'S NOT SPECIFICALLY ZONED FOR THIS USE, UM, AND IT IS RETAIL, UM, IS A MIXED USE FACILITY OVER THERE.
UM, YOU KNOW, IN, IN LIEU OF A PETS PETSMART OR SOMETHING THAT GOES IN AND STAYS THERE FOR 20 YEARS, LET'S GET AHEAD OF THE CURB.
LET'S, LET'S GO AND SAY, HEY, THIS IS REALLY THE NEXT STAGE.
YOU KNOW, WE WANT A WALKABLE ENVIRONMENT, RIGHT? WE WANT THAT IN BETWEEN WALLACE AND MAINE.
SOMETHING THAT WHEN IT GOES ONE WAY, BOTH WAYS TO BE ABLE TO BE PROUD OF AND SAY, OKAY, WELL, WE'VE GOT A BACKSTOP HERE.
HOPEFULLY HEB WILL BE IN BY THEN.
UM, YOU KNOW, AGAIN, MY KIDS GO TO SCHOOL HERE.
UM, I WANT TO BUILD SOMETHING THERE THAT I'M PROUD OF.
AGAIN, I KNOW IT'S NOT ZONED TO THAT, BUT WE'RE WORKING THROUGH THAT PROCESS.
I THINK IT WOULD BE A WONDERFUL, UH, ADDITION TO THE NEIGHBORHOOD.
UM, AND WITH THAT, YOU KNOW, KATIE'S EXPERTISE IS URBAN PLANNING, AND I'D LIKE FOR HER TO TALK A LITTLE BIT MORE ABOUT THE PROJECT.
UH, AS NICK SAID, I WENT TO GRADUATE SCHOOL FOR URBAN PLANNING.
I, I LOVE CITIES AND I, I LOVE WATCHING AS NEIGHBORHOODS GROW AND THINKING ABOUT THE EVOLUTION OF IT.
AND NICK AND I HAVE HAD THE OPPORTUNITY OVER, UM, THE LAST 15
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YEARS TO BUILD A LOT OF GREAT, REALLY HIGH QUALITY MIXED USE DEVELOPMENTS, WHICH REALLY IS MY PERSONAL PASSION BECAUSE IT HELPS NEIGHBORHOODS TO REALLY BE ACTIVE.IT, IT IS, UM, IT DECREASES THE DEMAND ON THE STREETS.
IT ALLOWS FOR FURTHER INVESTMENT IN COMMUNITY BUILDING AND, AND CREATES A GREAT PLACE.
AND SO AS WE'VE BEEN WORKING THROUGH, AND ARE YOU CLICKING FOR ME OR IS I OKAY? YEAH, YOU CAN GO FOR IT IF YOU WANT.
SO, AS NICK MENTIONED, UM, HERE WE HAVE A PROJECT IN OKLAHOMA CITY THAT'S UNDER CONSTRUCTION RIGHT NOW.
I THINK THERE'S A LITTLE BIT OF A LAG, SO, EXCUSE ME.
UH, A PROJECT THAT'S UNDER CONSTRUCTION IN OKLAHOMA CITY RIGHT NOW THAT IS, UH, ON APPROXIMATELY 30 ACRES AND HAS 120,000 SQUARE FEET OF RETAIL, INCLUDING A RESTORATION HARDWARE, UM, A BUNCH OF RESTAURANTS AND A, UH, A LOT OF HIGH-END NATIONAL RETAILERS THAT ARE STILL IN THE PROCESS OF GETTING ANNOUNCED.
UM, IT IS AN AWESOME MIXED USE PROJECT.
AND, AND THAT IS, UH, ONE OF THE PLACES WHERE WE'VE BEEN ABLE TO APPLY A LOT OF THE LESSONS LEARNED THAT WE'VE HAD OVER THE YEARS ON HOW TO BUILD SOMETHING THAT APPROPRIATELY IS ADAPTING TO WHAT IS IN THE NEIGHBORHOOD AND IS RESPONDING TO WHAT THE NEIGHBORHOOD NEEDS.
UH, ONE OF, SO THIS PROJECT, UM, BY EXAMPLE IS FOUR STORIES OVER ONE STORY OF RETAIL.
UM, OTHER PROJECTS THAT WE'VE WORKED ON HAVE BEEN DIFFERENT HEIGHTS.
THE WHOLE FOODS PROJECT, UH, WAS OUR, ONE OF OUR LAST PROJECTS AT GABLES IS IN THE MIDDLE OF UPTOWN DALLAS.
SO THAT HAS MORE DENSITY THAN, THAN WHAT WE'RE TALKING ABOUT TONIGHT.
UM, HERE, UM, THIS IS IN LOS COLINAS.
THIS IS A BIG PUBLIC PRIVATE PARTNERSHIP THAT WE COMPLETED, UM, WITH, UH, THE CITY OF IRVING.
AND IT HAS A LARGE PARK AT THE CENTER OF IT.
IT HAS THREE STORIES OF RETAIL OVER, OVER, UH, THREE STORIES OF RESIDENTIAL, EXCUSE ME, OVER RETAIL.
AND THEN IT DOES HAVE, UM, SOME, AS YOU SEE IN THE TOP RIGHT CORNER WITH THE HUGOS AND, AND GO FISH IT, IT HAS SOME SINGLE STORY RETAIL.
AND WE WORKED REALLY HARD WITH THE CITY OF IRVING TO DESIGN A SITE PLAN THAT ACCOMMODATED WHAT WAS APPROPRIATE ECONOMICALLY FOR, FOR WHAT COULD WORK AND WHAT WAS FEASIBLE IN THE BUSINESS ENVIRONMENT, AND ALSO WHAT WOULD ACTIVATE AND REALLY CONTRIBUTE TO THE CITY IN TERMS OF PROVIDING A BIG PARK LEADING UP TO THE WATER IN THIS INSTANCE.
AND ALSO ON CONSTRUCTION QUALITY AND, AND CONSTRUCTION MATERIALS.
SO, UM, MASONRY ARTICULATION OF THE BUILDING FACADE.
ALL OF THOSE DIFFERENT COMPONENTS ARE SOMETHING THAT ARE VERY IMPORTANT TO US AND THAT WE ENTHUSIASTICALLY WORK WITH, UM, WITH GROUPS TO MAKE SURE THAT WE'RE BUILDING SOMETHING THAT IS PART OF THE FUTURE.
IT'S NOT SOMETHING THAT, UM, AND ESPECIALLY WHEN ECONOMIC DEVELOPMENT ITEMS COME INTO PLAY, AND, AND THAT AS I GET INTO WHAT WE'RE PROPOSING FOR HERE IS, IS WHAT'S MOST IMPORTANT FOR ME TO EMPHASIZE IS THAT, UM, YOU KNOW, WE, WE UNDERSTAND THAT THE PURPOSE OF ECONOMIC DEVELOPMENT IS TO HELP MUNICIPALITIES JUMP PAST WHAT MAY BE FEASIBLE TODAY, UH, AND AND TO HELP LAUNCH A CITY INTO WHAT IT CAN BE.
AND THAT'S WHAT AN INCREDIBLE OPPORTUNITY YOU ALL HAVE HERE WITH THE AMOUNT OF LAND THAT YOU HAVE, WITH THE INCOMES THAT YOU HAVE HERE, WITH THE, WITH HOW INNOVATIVE AND HOW MANY LESSONS YOU ARE ABLE TO TAKE ADVANTAGE OF THAT OTHER CITIES HAVE LEARNED AS THEY'VE GONE THROUGH DIFFERENT GROWTH AND REALLY SET FORTH A SET OF TOOLS, UH, THAT THAT CAN GET YOU WHERE YOU WANT TO BE.
UM, SO WITH THAT, UM, WELL, AND THIS BY, BY SAKE OF ORDER, UM, THE TYPE OF MULTIFAMILY THAT WE BUILD IS, UH, WHAT WE CALL MULTIFAMILY FOR RENTER BY CHOICE.
SO THE RENTER BY CHOICE IS SOMEBODY WHO COULD BUY A HOME, BUT PERHAPS THEY HAVE A RANCH IN, UM, YOU KNOW, EAST TEXAS, AND THEY WOULD RATHER HAVE THIS AS SOMETHING TO BE CLOSE TO THEIR GRANDKIDS.
UH, PERHAPS THEY ARE OUT OF COLLEGE AND WANNA BE NEAR THEIR PARENTS, BUT NOT IN THEIR PARENTS' HOUSE, UM, AND ARE IN A POSITION WHERE THEY'RE NOT JUST SCRAPING BY, THEY ARE REALLY CHOOSING TO BE HERE, BUT THEY DON'T QUITE KNOW HOW THEY WANT TO LAND AND, AND WHERE THEY WANT TO INVEST.
AND SO THAT IS 100% OF THE RENTER THAT WE BUILD MULTIFAMILY FOR.
AND THAT COMES THROUGH IN THE QUALITY OF THE FINISHES THAT WE, UM, THAT WE BUILD.
UM, SIMILAR TO WHAT I'M TALKING ABOUT, ABOUT HELPING CATAPULT THE CITY PAST AN INITIAL PHASE OF WHAT DEVELOPMENT GROWTH IS ON THE FINISHES, WE BELIEVE IN DOING THE SAME BECAUSE WHAT WE'RE BUILDING IS TO OWN WHEN IT DELIVERS IS A FEW YEARS FROM NOW, BUT THAT BUILDING IS GOING TO BE THERE FOR A LONG TIME.
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THE FINISHES ARE GONNA BE THERE A LONG TIME, AND IT'S REALLY IMPORTANT TO US THAT WE'RE BUILDING SOMETHING THAT GROWS OVER TIME WITH THE PEOPLE.AND SO THAT GOES TO THE AMENITY AREAS THAT WE BUILD AS WELL.
UM, WE'RE BUILDING, WE'RE BUILDING GREAT PLACES FOR PEOPLE TO CALL HOME AND, UM, THAT, THAT GOES TO THE INSIDE OF THE BUILDING JUST AS MUCH AS THE OUTSIDE.
UM, WITH POOLS, WE'LL, WE'LL BE SHOWING YOU A POOL, BUT HERE ARE SOME EXAMPLES OF, OF POOLS THAT WE'VE RECENTLY FINISHED, UM, OF AND OF DOG PARKS AND OF COMPUTER BUSINESS CENTERS.
AND, AND WE'RE ACTIVELY TRYING TO BE AT THE FRONT OF THE ENTIRE WORK FROM HOME TREND THAT'S HAPPENING WHERE, UH, YOU KNOW, PEOPLE ARE WANTING TO HAVE A COUPLE OF DAYS A WEEK WHERE THEY'RE ABLE TO HAVE A CONFERENCE TABLE THAT THEY CAN PULL UP THEIR LAPTOP AT, BUT NOT YET GO TO THEIR DESK AND NOT WANT TO BE IN THEIR HOME.
UM, NOT GETTING TO THE MEAT OF IT, THE PROPOSED PROJECT, WHY YOU GUYS ARE ALL HERE AND WHY WE'RE HERE.
UM, I BELIEVE YOU ALL ARE FAMILIAR WITH THE LOCATION OF THE SITE, UM, IN, IN YOUR DOWNTOWN DISTRICT.
AND, UH, THE SITE PLAN THAT WE HAVE BEEN WORKING WITH WARREN TO DEVELOP.
UH, WE'VE, WE'VE BEEN LISTENING TO WHAT THE NEEDS ARE.
WE'VE, WE'VE HEARD THE CONCERNS.
WE RECOGNIZE AS, AS WITH MANY COMMUNITIES, THERE'S A CONCERN ABOUT A MULTIFAMILY POTENTIALLY COMING IN.
AND, AND OUR INTENTION HERE IS TO, TO BUILD AN APPROPRIATE AND RESPONSIVE MIXED USE BUILDING WHERE THERE IS RETAIL AT THE GROUND FLOOR, SIMILAR TO THE IMAGES THAT WE SHOWED, BUT THEN ALSO TO HAVE THREE STORIES OF RESIDENTIAL ABOVE.
SO THIS WOULD BE A FOUR STORY BUILDING.
UM, THIS HAS THE, THE PARK AT THE NORTH SIDE PLAN NORTH, UH, IT HAS BLUE EAGLE FITNESS ADJACENT, AND THERE'S A PASSAGEWAY, AN EASEMENT ON, UM, ON OUR PROPERTY THAT WOULD GET, UH, PEOPLE TO BE ABLE TO PARK AND ACCESS BLUE EAGLE FITNESS.
IT HAS RETAIL AT THE HARD CORNER.
THIS IS THE HUGGINS EXTENSION, IF YOU CAN SEE MY HAND HERE ON THE SCREEN.
THIS IS THE HUGGINS ROAD EXTENSION.
WHAT WE'VE PROPOSED, BASED ON OUR EXPERIENCE WITH, I'VE BUILT A LOT OF, OF RETAIL THAT, UM, SITS EMPTY.
AND, UM, AND IT IS SIMILAR TO WHAT WE'RE TALKING ABOUT, WHERE THE RETAIL IS, YOU KNOW, PEOPLE WANT THE RETAIL, IT'S APPROPRIATE URBAN PLANNING TO PUT RETAIL ON THE GROUND FLOOR, AND WE GO BUILD IT.
AND SURE ENOUGH, WE HAVEN'T QUITE DONE ALL THE THINGS THAT ARE NEEDED TO, TO MAKE IT LEASEABLE AND ECONOMICALLY VIABLE.
ONE OF THE MOST IMPORTANT THINGS AS WE'RE TALKING ABOUT THIS TRANSITION IS HAVING PARKING, PARKING AT LEAST A LITTLE BIT OF PARKING THAT IS RIGHT IN FRONT OF THE RETAIL SO THAT THERE'S ENOUGH THAT IF SOMEBODY WAS LOOKING TO LEASE THE SPACE, YOU CAN, YOU CAN PARK A A COUPLE OF PEOPLE, BUT THEN OTHERWISE WE DO HAVE A SIGNIFICANT AMOUNT OF PARKING FOR THE RETAIL IN THE, IN THE PARKING GARAGE AS WELL.
SO THIS, THIS PROJECT PROPOSES ADDITIONAL PARKING OVER CODE, UM, ABOUT DOUBLE OF, OF WHAT THE CODE REQUIREMENT IS.
AND SO THE, THIS WOULD ALSO BE DELIVERING A LOT OF ADDITIONAL PARKING FOR THE COMMUNITY.
UM, WHAT WE HAVE ALSO PROPOSED HERE IS THAT THE CORNER OF MAIN STREET AND HUGGINS FROM A SCALE STANDPOINT ON THE GROUND FLOOR WOULD BE 14 FEET CEILING HEIGHTS.
SO RATHER THAN WHAT WE HAVE AROUND HERE WHERE, UM, THE CEILING HEIGHTS OF THE GROUND FLOOR ARE THE SAME AS WHAT YOU HAVE ABOVE, THIS FEELS A LOT MORE LIKE THOSE OTHER, UH, THE PHOTOGRAPHY I'VE SHOWED YOU WHERE IT'S A GRANDER RETAIL PRESENCE, AND THEN IT HAS THE 10 FOOT CEILING HEIGHTS ABOVE, BUT THE GROUND FLOOR HAS THE PRESENCE.
AND TO DO THAT, WE'VE PUT THE, THE LEASING OFFICE AND THE AMENITY AREA SIMILAR TO THOSE RENDERINGS THAT I I SHOWED YOU AT, AT THE CORNERS THAT WOULD HAVE THAT GRAND PRESENCE.
IT'S A COMMERCIAL, YOU KNOW, GENERAL USE, ALTHOUGH IT'S FOR THE RESIDENTIAL BUILDING AND IT FEELS IT'S LIT WELL AT NIGHT AND IT, IT LOOKS LIKE A, A JEWEL FOR, UM, AS PEOPLE DRIVE BY.
AND THEN THE RETAIL SPACE AS WELL, UM, IS, IS RIGHT AT THAT HARD CORNER.
WE'RE, UH, AND WE'LL TALK ABOUT THIS AS WE LOOK AT THE MATH TOO, ON, ON WHAT OUR ASK IS.
WE'RE, WE'RE TRYING TO LOOK AND EVALUATE WHAT'S ECONOMICALLY FEASIBLE HERE AS WE'RE TRYING TO JUMP TO THAT NEXT STEP IN, IN THE MARKET AND NOT JUST PUT A PETMART IN OR THAT'S NOT EVEN WHAT WE DO, BUT YOU KNOW, OTHERS, WHAT OTHERS MIGHT DO.
AND SO WHAT WE'RE SUGGESTING IS THAT ALONG THE REMAINDER OF THE STRIP OF HUGGINS WHERE IT DOESN'T QUITE HAVE THE DRIVE BY TRAFFIC AND THE, AND THE TRAFFIC COUNTS, THAT WOULD GENERATE GREAT RETAIL DEMAND, YET WE'RE PROPOSING MAKING THAT GROUND FLOOR SIMILARLY HAVE THE 14 FEET IN HEIGHT, BUT BE A LIVE WORKSPACE SO THAT THERE ARE STOOPS AND INDIVIDUAL ENTRIES FOR PEOPLE TO GET INTO THEIR HOME.
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USE THAT AND THEY CAN USE IT TO OPERATE A HAIR SALON AS WELL, AND ALSO LIVE UPSTAIRS THAT, THAT WOULD BE AN ACCOMMODATION THERE, SO THAT IT STILL HAS THE FEEL ON THE GROUND FLOOR OF BEING A GREAT PLACE AND, AND MIXED USE DEVELOPMENT.BUT THAT, UM, IT WOULD HAVE MORE OF THE RESIDENTIAL USE.
AND, AND THAT GETS INTO THE, UM, THE BENEFITS, WHICH I'VE, I'VE ADDRESSED A FAIR NUMBER OF THESE, BUT JUST TO MAKE SURE I'VE CAPTURED IT.
UM, THE RENTER BY CHOICE DEMOGRAPHIC, UM, WALKABLE URBAN INFILL DEVELOPMENT IN THE DOWNTOWN DISTRICT, UM, ACTIVATED SIDEWALKS WE'VE WORKED WITH WITH WARREN, UM, TO MAKE SURE THAT THE SIDEWALKS HAVE PATIO SPACES AND THAT WE'D BE PUTTING TREES, THEY'RE, THEY'RE WIDE SIDEWALKS AND THAT THAT'S A REALLY NICE AND ACCOMMODATING, BUT IT'S NOT SET BACK FROM THE STREET.
IT DOESN'T FEEL LIKE, UM, IT, IT DOESN'T FEEL LIKE THE MULTIFAMILY OVER HERE THAT'S KIND OF SET REALLY FAR BACK.
INSTEAD IT HAS A PRESENCE BECAUSE THIS IS THE DOWNTOWN DISTRICT.
UM, THEN ON THE PARKING, WHICH I ALLUDED, OH, AND ON THE MULTIFAMILY, WE'RE PROPOSING SOMEWHERE BETWEEN ABOUT 230 AND 260 MULTIFAMILY UNITS.
AND, UM, WE'RE WORKING THROUGH SIZING.
WE WITH THIS, UM, MARKET BELIEVE THAT THE SIZE OF THE UNITS NEEDS TO BE BIGGER, UM, THAT IT'S A HIGHER PRICE POINT.
AS I SAID, IT'S THE RENTER BY CHOICE, SO THAT IT'S PEOPLE THAT ARE COMING IN AND, AND LOOKING TO HAVE THAT, THAT, UM, SECOND HOME, IT CAN ALSO BE PEOPLE AS THEIR FIRST HOME, BUT THAT THIS IS REALLY KIND OF A LARGER SIZE.
IT'S NOT TRYING TO, UM, YOU KNOW, WE'RE NOT TRYING TO CRAM PEOPLE INTO THIS.
UM, THEN ON PARKING, AS I MENTIONED, THIS IS OVER PARKED.
UM, SO THE, THIS WOULD BE PARKING MORE THAN WHAT THIS PROJECT NEEDS, BUT THAT WOULD PROVIDE ACCOMMODATION FOR THE FUTURE IN THE DOWNTOWN DISTRICT.
SO, UM, WE HAVE A, A APPROXIMATE COUNT OF ABOUT 460 SPACES, OF WHICH 160 OR FOR RETAIL PARKING, THAT'S A RATIO OF 9.4 PER THOUSAND, WHICH THAT'S A, THAT'S LIKE, UH, MOST RETAIL PARKING IS ABOUT FOUR PER THOUSAND.
RESTAURANT CAN GET CLOSER TO EIGHT OR NINE PER THOUSAND ON THE USE.
BUT THIS IS, UM, THIS IS WAY OVER PARKING COMPARED TO WHAT THE NEEDS ARE.
UM, ON, ON TAX REVENUE THANKS TO ANNEL.
UM, WE HAVE OUR CALCULATION ON WHAT IT GENERATES FOR PROPERTY TAXES, 126,000, AND THE JOB CREATION, OF COURSE, UM, FROM WHAT WE ENVISION OF ABOUT SEVEN TO 10 RETAIL AND RESTAURANT SPACES.
UH, NOW TO THE, TO THE MATH PART ABOUT THIS, UM, AS YOU ALL KNOW, THERE IS A, SO AT WHAT OUR MATH IS BASICALLY WITH WHERE WE ARE IN THE FINANCIAL MARKETS AT THIS POINT, AND ACTUALLY REGARDLESS OF WHERE WE ARE IN THE FINANCIAL MARKETS, WE ARE LOOKING AT THE NET OPERATING INCOME DIVIDED BY THE COST.
AND THAT NEEDS TO REACH A 6%, UM, RETURN ON COSTS AS THE DEBT MARKETS ARE DOING WHAT THEY'RE DOING, IT, IT IS CREEPING UP EVEN HIGHER.
BUT WE'VE BECOME, WE'RE THE, THE WORLD ALWAYS IS, BUT UM, THE WORLD ALWAYS IS.
BUT TODAY IT IS MOST SENSITIVE TO THAT GENERAL RATIO.
SO, UM, WHEN WE TAKE WHAT WE'RE PROPOSING TO BUILD, UH, THE 230 TO 260 UNITS, THE 15,000 SQUARE FEET OF RETAIL, AND WE PUT IN THE PROJECTIONS ON THE INCOME AND THE EXPENSES AND THAT NET OPERATING INCOME, AND THEN WE LOOK AT THAT, THE PROJECT'S PROBABLY ABOUT A 70 MILLION PROJECT, WE, ON THAT MATH GET TO A RETURN ON COST WHERE THE GAP IS APPROXIMATELY 10 MILLION ON THE GAP.
SO WHAT WE'RE TALKING ABOUT THAT'S, THAT'S NOT A SMALL ASK, UM, THAT'S A, A BIG GAP AND THAT'S BECAUSE WE'RE, WE'RE LEAPING PAST WHAT IS ALREADY IN THIS MARKET AND PROPOSING SOMETHING THAT REALLY IS ABOUT THE DOWNTOWN DISTRICT OF THE FUTURE.
AND SO WITH ALL OF THAT, WE TRIED TO BREAK DOWN GENERALLY WHERE WE SEE THOSE EXTRA COSTS COMING FROM COMPARED TO WHAT WE SEE FROM OTHER MULTIFAMILY AND MIXED USE PROJECT OR, AND RETAIL PROJECTS AROUND.
SO THE INITIAL SET IS ABOUT 4.4 MILLION FROM THE IMPACT FEES, THE, UM, BRICK AND MASONRY FACADE THAT WE'RE PROPOSING IN THE ROADWAY INFRASTRUCTURE OF THE HUGGINS EXPANSION.
UM, AND THEN WE TRIED TO BREAK OUT THE RETAIL COSTS SEPARATELY.
UM, AND, AND THIS IS FOR BRAINSTORMING AND, AND COLLABORATION IN, IN THIS PART OF THE DIALOGUE, THE RETAIL IS, IS HAS ABOUT A 5.6 MILLION, I'LL CALL IT A BURDEN ON, ON THIS PROJECT.
AND, AND THE REASON I CALL IT A BURDEN IS BECAUSE TODAY BANKS ARE NOT GIVING LOANS.
AND, AND EVEN WITH OTHER PROJECTS THAT WE DID, BANKS DON'T GIVE LOANS BASED ON THE RETAIL AT THE GROUND
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FLOOR.THEY UNDERWRITE IT AS $0 OF INCOME.
AND SO THAT PUTS US IN AN AUTOMATIC POSITION, WHEREAS WE'RE TRYING TO SHOW COVERAGE OF THE DEBT SERVICE THAT THE BANKS ARE PROPOSING.
AND, AND SO I WAS TRYING TO THINK THROUGH WAYS BECAUSE WE CHATTED PRELIMINARILY WITH YOUR, UM, WITH YOUR TEAM ON HOW TO MAKE IT NOT JUST A 5.6 MILLION ASK.
PERHAPS THERE'S ANOTHER WAY WE COULD CREATIVELY SAY, LET'S TAKE THIS RETAIL SPACE, LET'S BUILD IT AND LET'S FORM SOME KIND OF, UH, THESE ARE, THESE ARE IDEAS NOT, UM, SET IN STONE, BUT LET'S PERFORM, LET'S CREATE SOME FORM OF GUARANTEE IN WHICH PERHAPS THE CITY LEASES THE SPACE SO THAT WE CAN SHOW THE BANK WE'VE GOT A LEASE, THERE'S A GUARANTEE THERE SO THAT IF WE CAN'T GET SOMEBODY THAT WE HAVE SOME OTHER WAY TO GENERATE THE INCOME SO THAT THEN WE DON'T HAVE THAT BIG 5.6 MILLION GAP.
INSTEAD THERE'S A LEASE GUARANTEE THAT WOULD THEN BE AN ANNUAL LEASE PAYMENT THAT'S ALSO NOT SMALL OF $375,000.
BUT AGAIN, I WAS TRYING TO SOLVE FOR THAT INCOME OVER COST RATIO.
SO I'VE PLANTED A LOT IN FRONT OF YOU.
I KNOW, AND I APPRECIATE YOUR PATIENCE WITH LISTENING TO ALL OF THE DIFFERENT EXPLANATIONS AND, AND BACKGROUND PICTURES, BUT, AND NICK AND I ARE AVAILABLE FOR QUESTIONS AT THIS POINT, IF, IF YOU HAVE ANY, UH, THANK YOU FOR THE PRESENTATION.
UM, THE, THE LAND THAT YOU'RE PROPOSING ON, DO YOU CURRENTLY OWN IT OR HAVE SOME KIND OF, UH, INTENT TO PURCHASE? WE HAVE AN INTENT TO PURCHASE.
AND THEN IF, IF, UH, YOU START THE PROJECT TOMORROW, WHEN WOULD YOU FINISH? ASSUMING EVERYTHING GOES SMOOTHLY, AND I KNOW IT WON'T, BUT ASSUMING EVERYTHING GOES SMOOTHLY, HOW LONG IS THE, WHAT THE PROJECT COST? UH, PLANNING, UH, DESIGN TIMELINE IS APPROXIMATELY NINE MONTHS, AND A CONSTRUCTION TIMELINE IS APPROXIMATELY 18 TO 24 MONTHS.
SO WE'RE TALKING ABOUT TWO AND A HALF YEARS.
YOU MENTIONED THE PARKING NUMBERS.
CAN YOU, I WASN'T FAST ENOUGH.
CAN YOU WALK THROUGH THE PARKING NUMBERS AGAIN FOR ME PLEASE? YEAH.
UM, SO THE, THE PARKING ON THIS PROJECT HAS 460 SPACES.
UM, I'M GONNA WALK THROUGH THIS AND TELL YOU IT, AND, UH, IF THERE, WITH 250 UNITS USING BROAD NUMBERS, OKAY, PERFECT.
AT A PARKING RATIO OF ONE AND A HALF SPACES PER UNIT, WE THEN NEED, UH, 375 SPACES FOR THE, UM, OH.
AND SO THAT'S A 460 SPACE GARAGE.
THAT'S WHAT I'M CATCHING MYSELF ON.
375 SPACES FOR THE RESIDENTIAL.
THEN, UM, THE, THE RETAIL WITH 15,000 SQUARE FEET OF RETAIL, IF IT IS PARKED, UM, AT FOUR SPACES PER THOUSAND SQUARE FEET WOULD NEED AN ADDITIONAL 60 PARKING SPACES.
SO THE DEMAND WOULD BE 435 PARKING SPACES.
IF WE, IF, IF WE INCREASE THAT, WHAT WE'RE TALKING ABOUT DOING IS RATHER THAN DELIVERING JUST 60 SPA PARKING SPACES FOR THE RETAIL, WE'RE TALKING ABOUT DELIVERING 160 ADDITIONAL PARKING SPACES THAT ARE PUBLIC PARKING.
SO SOME OF THAT 160 WOULD BE FOR THE RETAIL USE, BUT THEN THERE WOULD ALWAYS, I I WOULD ASSUME BE EXTRA UNLESS THIS YEAH.
AND, AND, AND PART OF THE REASON WE WANT TO GET ADDITIONAL PARKING SPACES IS, YOU KNOW, IN TALKING WITH ZACH THAT HE SAID THERE'S GONNA BE AT SOME POINT A NEED FOR PARKING.
SO WE SAID, OKAY, WELL HOW DO WE FACILITATE THAT NEED INTO OUR PROJECT? AND WE DON'T HAVE TO BUILD THAT MANY PARKING SPACES.
WE'RE TRYING TO ACCOMMODATE, YOU KNOW, WHAT WE'VE HEARD THROUGH THE BACK AND FORTH OF CONVERSATIONS.
MORE SO FOR A**L AND YOU KNOW, OBVIOUSLY WE TALKED ABOUT AND WE'VE APPROVED THE REDEVELOPMENT OF WALL STREET AND HOW THIS WOULD POTENTIALLY MERGE OR, IT SEEMS CRAZY TO DO THOUGH TO UNDERSTAND IT AS TWO SEPARATE PROJECTS AS A WHOLE.
OBVIOUSLY THERE HAS TO BE SOME, UM, I WAS COERCION BETWEEN THE TWO AND THAT MAY IMPACT OR DRIVE DECISIONS ONE WAY OR ANOTHER.
CUZ EFFECTIVELY WHAT WE'RE TALKING ABOUT ON WALL STREET IS DOING EXACTLY THE SAME, THE LENGTH OF WALL STREET, UH, LEE, I THINK YOU'RE TALKING ABOUT THE DECISION TO FUND THE HARRIS STREET, HARRIS STREET.
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SO THESE TWO PROJECTS WOULD COMPLIMENT EACH OTHER.THEY'RE KIND OF ON DIFFERENT SIDES.
UM, BUT IT WOULD BE A WAY TO REVITALIZE AND BRING SOME LIFE FROM DIFFERENT DIRECTIONS WITH THE HOPE THAT IT WOULD MOVE TOWARDS THAT CENTER.
SO, SO THIS IS 2D ON A, ON A 3D, WHAT, WHAT TYPE OF HEIGHT? YOU KNOW, WHAT, WHAT TYPE OF, UM, HOW MANY STORIES, WHAT YOU'RE THINKING ALONG THOSE FRONTS.
FOUR STORIES, AND I'M FLIPPING BECAUSE WE'VE BUILT A LOT OF DIFFERENT HEIGHTS OF BUILDINGS, SO I'M JUST GOING TO SOME IMAGERY.
SO FOUR STORIES IS SIMILAR TO THIS THAT, UM, THAT WE'VE JUST FINISHED.
UM, IN TERMS OF HEIGHT, ABOUT 55.
AND AND YOU'RE THINKING THE PARKING, I MEAN, IT LOOKS LIKE THERE'S KIND OF ATTACHED PARKING GARAGE.
YEAH, SO IT'LL BE INSTRUCTION, PARKING, GARAGE.
AND THAT'LL BE FOR THE RETAIL AND RESIDENCE.
AND THEN THERE'LL BE SEPARATIONS INSIDE THAT GARAGE WHERE RETAIL PARKS AND RESIDENCE, AND THAT'S NOT HIGHER THAN THE BUILDING.
I'D JUST LIKE TO MAKE A GENERAL COMMENT FIRST, I'D LIKE TO THANK YOU FOR YOUR INTEREST IN THE FULL, THE CITY OF SHORE AND, YOU KNOW, LOOKING TO INVEST AND HELP US DEVELOP AS A COMMUNITY.
I THINK, YOU KNOW, SOME OF THESE CONCEPTS ARE OBVIOUSLY THINGS THAT THIS BOARD HAS BEEN DISCUSSING AND LOOKING FOR, FOR QUITE A LONG TIME, AND I LIKE SOME OF THE PHRASES YOU USED ABOUT JUMPING AHEAD OF MAYBE OR TRYING TO ACCOMPLISH THINGS THAT, YOU KNOW, MAYBE WE CAN'T DO ON OUR OWN TODAY, BUT MAYBE HELP LAY THE GROUNDWORK FOR SOMETHING THAT'S BIGGER AND BETTER, UM, YOU KNOW, AND MORE FORWARD THINKING.
UH, SO I THINK THAT, UM, JUST LIKE TO, YOU KNOW, THANK YOU FOR GETTING TO THIS POINT AND, UH, DEFINITELY LOOK FORWARD TO, TO, YOU KNOW, HEARING MORE ABOUT YOUR PROJECT AND DISCUSSING IT FURTHER.
YOU KNOW, FROM MY PERSPECTIVE, HOW MANY ACRES OF LAND? SEVEN.
THE REASON WE'RE HESITATING THAT, I'M NOT FOR SURE IF THAT INCLUDES THE NORTHERN DRIVE RIGHT THERE.
AND, AND WHERE IS THE PARKING GARAGE? THE PARKING GARAGE IS LOCATED, IT'S WEST SIDE.
SO IT'S A STANDALONE, IT'S A STRUCTURED PARKING STANDALONE.
IT'S, WELL, IT'S NOT, IT, UH, THE BUILDING IS ATTACHED TO IT.
UH, THIS IS MORE OF A CODE QUESTION ON WHETHER IT'S OFFICIALLY PART OF THE SAME BUILDING OR NOT, BUT, BUT I MEAN, IT'S NOT, THERE'S NOT ANYTHING ON TOP OF IT.
IT'S, UH, IS IT A ONE STORY? IT'S A, IT'S A FOUR AND A HALF RIGHT NOW.
IT'S A FOUR STORY, FOUR STORY PARKING GARAGES.
UM, WITH THE, SO YOU MENTIONED OTHER PLACES THAT YOU'VE DONE THAT AT, THAT THE PLACES YOU MENTIONED I BELIEVE ARE ON LARGER ACREAGE.
DO YOU HAVE AN EXAMPLE OF THAT'S SIMILAR TO THE ACREAGE THAT YOU'RE LOOKING AT HERE? YEAH.
UH, THE, WE'VE DONE A WHOLE RANGE OF, OF DIFFERENT SIZES.
THE, UM, PROJECT THAT WE MOST RECENTLY COMPLETED IS ON 17,000 SQUARE FEET, UM, BUT THE FOUR STORE BUILDING THAT I JUST HIGHLIGHTED, SO WE'VE DONE POSTAGE STAMP, EXTREMELY COMPLEX CONSTRUCTION TO HAVING 14 ACRES AROUND US WHERE WE'VE BEEN ABLE TO HAVE LARGE LAY DOWN YARDS.
UM, MOST OF THE PROJECTS THAT WE'VE WORKED ON HAVE BEEN BETWEEN ABOUT THREE AND FIVE OR SIX ACRES OKAY.
IN TERMS OF SIZE, BUT THE ONE SHE'S REFERRING TO IS 55 UNITS ON THAT 17,000 SQUARE.
I, I'M NOT VERY GOOD AT ASKING QUESTIONS.
WHAT MY REAL QUESTION IS, IS CAN YOU GIVE EXAMPLES, AND NOT TO TONIGHT, BUT SHARE EXAMPLES WITH US THAT ARE CLOSER TO THE, THE ACREAGE THAT YOU'RE LOOKING AT HERE, JUST TO GIVE US A, YOU KNOW, ME A BETTER IDEA OF WHAT THAT LOOKS LIKE.
I'M SEEING IF I'VE GOT ANYTHING HERE THAT HELPS YOU WITH THAT.
UM, THIS IS PROBABLY THE BEST ONE.
UH, AND I'LL GET SOME OTHER RENDERINGS FOR YOU SO YOU CAN SEE IT FROM OTHER ANGLES, IF THAT'S WHAT YOU'RE ASKING ABOUT.
I MEAN, IN IDEAL WORLD, I MEAN, IN AN IDEAL WORLD, YOU WOULD'VE ALREADY DONE THIS ON A SIZE EXACTLY LIKE WHAT YOU HAVE HERE, AND WE COULD GO AND LOOK AT IT OR, OR ONE OF US COULD GO AND FACETIME THE REST OF US, WHATEVER, YOU KNOW, UM, JUST SO THAT WE CAN SEE REAL WORLD WHAT IT MIGHT LOOK LIKE.
AND, AND I'M GONNA ANSWER THIS, AND THIS DOESN'T MEAN TO BE
[00:30:01]
COI AS WE'VE BUILT, WE HAVE A LOT IN HOUSTON THAT WE BUILT, BUT WE BUILT IT IN THE, YOU KNOW, 2007 TO 2015 TIMEFRAME.AND SO I, I WOULD BE HESITANT TO TAKE YOU TO THAT, EVEN THOUGH THAT'S THE EASIEST FIELD TRIP BECAUSE IT'S 10 YEARS TO 15 YEARS PAST IN TERMS OF WHAT IT IS.
BUT IT HAS THE MASONRY, IT HAS ALL OF THE DIFFERENT THINGS.
AND, UM, YOU KNOW, GABLES WEST AVE IS A GREAT EXAMPLE OF THAT, ALTHOUGH THAT IS A, A TALLER BUILDING.
UM, WE'VE DONE A LOT OF STUFF THAT'S EIGHT STORY MIDRISE.
UM, I, I WOULD ECHO THANK YOU FOR THE PRESENTATION.
UM, SO YOU'RE A REAL ESTATE DEVELOPER, IS THAT CORRECT OR MM-HMM.
SO, UH, ONCE THIS IS BUILT, WHO OWNS THAT BUILDING? DO YOU GUYS ALSO MANAGE THE LEASING OFFICE AND RECRUITING OUT OF THE RETAIL SPACE? UM, OR IS THAT PASSED ON TO ANOTHER MANAGEMENT COMPANY? WE WILL OWN IT AND WE WILL UTILIZE ANOTHER MANAGEMENT COMPANY, BUT WE WILL HAVE CONTROL OVER THE MANAGEMENT COMPANY FOR THE APARTMENT PROPERTY MANAGEMENT AS WELL AS THE RETAIL PROPERTY MANAGEMENT.
COULD YOU JUST MAKE SURE YOU STAY UP TO THE MIC BECAUSE WE'RE, WE STREAM THESE MEETINGS AND WE NEED TO BE ABLE FOR PEOPLE TO BE ABLE TO HEAR UNDERSTOOD.
DO YOU WANT ME TO REPEAT THE ANSWER? SURE, THAT'D BE GREAT.
SO, UM, THE QUESTION WAS ABOUT PROPERTY MANAGEMENT.
WE WILL OWN THIS ASSET, BUT WE WILL, AND THEN, AND BE VERY, VERY INVOLVED IN RECRUITING AND SELECTING THE PROPERTY MANAGER FOR BOTH THE MULTIFAMILY AND THE RETAIL.
THAT IS NOT US, BUT WE HAVE AN ASSET MANAGEMENT TEAM AT MINT WOOD THAT IS CONSTANTLY INVOLVED IN THE DAY-TO-DAY OPERATIONS OKAY.
SO YOU'RE OPERATING INCOME THAT YOU, YOU'RE PROJECTING, UM, WHAT PERCENTAGE OF THAT IS RETAIL SPACE VERSUS MULTIFAMILY RENTAL? UH, SO WITH, WITH THE MULTIFAMILY, WE HAVE PROJECTED THE, THE RENTS ARE, UM, FOR THIS AREA A LITTLE BIT OVER $2 A SQUARE FOOT, WHICH FOR A THOUSAND SQUARE FOOT UNIT SIZE IS JUST OVER $2,000 A MONTH.
UM, FOR THE RETAIL, AS I MENTIONED, WE CAN'T, FOR, FOR FINANCING, WE CANNOT PROJECT REVENUE FOR THE RETAIL.
A GENERAL QUESTION, HAVE YOU TALKED TO ANY POTENTIAL RETAILERS OR RESTAURANTS AND WHAT, HAVE YOU GOTTEN ANY KIND OF FEEDBACK AT ALL? I KNOW IF YOU CAN'T, YOU NAME HIM, NAME 'EM, BUT IF YOU CAN'T JUST WHAT KIND OF FEEDBACK OR GETTING SO THE PERSON KNOWS THE LAND.
I, I'VE BEEN IN TALKS WITH HIM AND HE SAID THERE'S UM, THREE OR FOUR DIFFERENT COMPANIES THAT ARE, THAT ARE LOOKING TO MOVE.
UM, I DON'T KNOW WHAT I CAN SAY AND WHAT I CAN'T SAY, SO.
I HAVE A QUESTION ABOUT THE PARKING GARAGE.
HOW MANY STORES IS THE PARKING GARAGE? FOUR TO FOUR AND A HALF.
I, I LIKE THE IDEA OF THE SITE BEING AN ANCHOR.
BUT WE'VE GOT THE PARKING GARAGE FACING WALLACE STREET, SO PEOPLE COMING IN TO FOLSTER FROM THE NORTH SIDE, THE FIRST THING THEY'RE GONNA SEE IS A PARKING GARAGE.
YOU DON'T HAVE ANY PICTURES OF PARKING GARAGES IN YOUR PRESENTATION.
WHAT'S IT GONNA LOOK LIKE? I MEAN, SO THE PARKING GARAGE IS GONNA BE A PRECAST PARKING GARAGE.
UM, IT, IT'S PARKING, NO STUCCO, NO BRICK.
NO, IT'S GONNA LOOK LIKE A PARKING GARAGE.
I MEAN, WE, WE CAN TALK ABOUT, YOU KNOW, WHAT THAT LOOKS LIKE TO PUT STUCCO ON IT OR I'VE DONE THIN BRICK IN THE PAST, BUT I MEAN, THIN BRICK ON A PARKING GARAGE IS A PARKING GARAGE.
BUT IF YOU LOOK AT LAS ONTARIO AND THAT SAME PROBLEM WHERE THEY PUT THE PARKING GARAGE AND THEY'RE SURROUNDED BY THE RETAIL AND ACCOMMODATION, YOU COULDN'T SEE, YOU CAN'T NOW SEE THE PARKING GARAGE.
WELL, THEY PROBABLY PUT ANOTHER PARKING GARAGE UP AGAINST IT AND BUILT AROUND IT.
THE PARKING GARAGE WASN'T OPEN THEN IT, THE UNITS WENT AROUND THE PARKING GARAGE ALL THE WAY AROUND AND WE, WE, WE DO WHAT? I'M SORRY.
YEAH, I MEAN THAT, THAT IS, I, I WOULD LOVE TO PUT MORE UNITS ON BOTH SIDES, BUT IT'S JUST, IT DOESN'T FIT CUZ THEN YOUR COURTYARD IS SHRUNK AND IT GOES AWAY.
[00:35:02]
JUST DEFINE AGAIN THE UNITS? I I THINK I GOT A LITTLE LOST IN THE EXPLANATION OF THOSE.YEAH, YOU MEAN ON THE NUMBER OF UNITS? THE, UM, THE BLUE THAT ARE THOSE, YOU SAID THOSE ARE RESIDENTIAL ON THE FIR ON THE GROUND FLOOR.
SO THIS IS THE, THIS IS THE GROUND FLOOR PLAN HERE.
AND THE UNITS WOULD WRAP ON THREE STORIES ABOVE THIS ALL THE WAY AROUND.
SO WHERE YOU SEE RED AND YELLOW WOULD HAVE BLUE ABOVE, THERE WOULD BE UNITS ABOVE ALL WRAPPED AROUND THIS COURTYARD.
UM, BUT THERE WOULD ALSO BE PEOPLE LIVING ON THE GROUND FLOOR.
UH, SO SPECIFICALLY HERE ON THE FRONTAGE TO HUGGINS, SORRY TO MAKE YOU TURN AROUND, UM, IT ON, ON THE FRONTAGE TO HUGGINS THAT WOULD HAVE LIVE WORK UNITS, WHICH IS SOMETHING THAT A LOT OF CITIES ARE DOING WHEN THEY ARE TRYING TO ACCOMMODATE RETAIL FOR THE FUTURE, BUT AREN'T QUITE ABLE TO SUPPORT ECONOMICALLY ALL OF THAT RETAIL DUE TO THIS MATH EQUATION.
AND, AND WE'RE TO YOUR POINT AND ON THANKING US FOR THIS PRESENTATION AND OUR INTERESTS.
JUST WHEN, WHILE I, WHILE I HAVE THE FLOOR, I'M KIND OF TAKING YOUR QUESTION AND MAKING THIS A DIFFERENT ANSWER.
WE'RE REALLY EXCITED TO BE HERE TONIGHT AND TALK TO YOU ALL.
AND AS YOU, AS YOU HEARD FROM NICK, HE IS HERE AND LOCAL AND DRIVING BY THIS ALL THE TIME, AND HE REALLY WANTS TO BUILD SOMETHING THAT SHOWS WHAT, WHAT WE'RE GOOD, GOOD AT HERE IN HIS NEIGHBORHOOD.
AND IF, IF IT'S NOT THIS AND IF THIS DOESN'T HAVE THINGS THAT ARE, UM, SUITABLE TO WHAT YOU ALL NEED OR IF THE GAP IS TOO BIG AND IT JUST DOESN'T WORK, WE HOPE THAT THIS IS THE BEGINNING OF A LONG RELATIONSHIP WITH YOU ALL AND TALKING ABOUT WHAT'S RIGHT FOR THE CITY AND, AND HOW TO HAVE IT BUILD IN THAT RIGHT DIRECTION.
THANK YOU FOR YEAH, THANK YOU FOR THE PRESENTATION.
SO I'M PRETTY GOOD RIGHT NOW FOR QUESTIONS.
HOWEVER, I'M SURE SOME WILL COME UP AND WE MAY NEED TO EXTEND OUT SOME ADDITIONAL, UH, QUESTIONS FOR ANSWERS OR CLARIFICATION LATER.
YOU MENTIONED, UM, ROUGHLY IF WE ASSUME 250 LIVING UNITS, HOW MANY PEOPLE IS THAT? ARE YOU ASSUMING 2, 3, 4 PEOPLE LIVING IN EACH UNIT? IT'S, IT'S SAFE TO PROBABLY USE THE SAME ONE AND A HALF PEOPLE PER UNIT THAT I JUST ASSUMED FOR PARKING.
THAT, THAT, THAT'S JUST A GOOD GENERAL RULE OF THUMB.
AND SORRY, I, I HAVE ONE MORE QUESTION TOO, UH, ABOUT THE, THE FINANCING.
DO, DO Y'ALL TYPICALLY REQUEST EDC BOARDS FOR FINANCING OR IS THIS THE FIRST, UH, I, I, IT WASN'T CALLED AN EDC BOARD.
AND WE'VE ALSO DONE WHAT'S CALLED A PUBLIC FACILITIES CORPORATION.
UM, WE'VE DONE A VARIETY OF DIFFERENT ECONOMIC DEVELOPMENT TOOLS MM-HMM.
SO, SO THERE'S, I GUESS, UH, CAPITAL MARKETS BETWEEN CAPITAL MARKETS AND FINANCING ARE, IS THERE, WOULD YOU BE ABLE TO ACQUIRE A LOAN OR FINANCING OF SOME SORT OR RAISE CAPITAL IF YOU, IF YOU NEEDED TO, IF FOR COST OF RUNS OR WHATEVER IT MAY BE BENTWOOD? YES.
I, I DON'T THINK YOU'RE ASKING THE EDC TO FINANCE.
ANY OTHER QUESTIONS? ALL RIGHT.
UH, KATIE, NICK, UH, THANK YOU FOR JOINING US THIS EVENING AND, UH, PREPARING THE PRESENTATION.
I CAN, I THINK YOU CAN SEE THE INTEREST THAT, UH, THE COMMUNITY HAS, ESPECIALLY OUR BOARD, UM, ON VERY HIGH QUALITY PROJECTS.
AND SO, UH, HOPE YOU'LL TAKE THAT OUT OF THE POSITIVE AND I'M SURE WE'LL HAVE FURTHER DISCUSSIONS WITH THE NELL AND HAYDEN ABOUT IT.
DO WE WANT TO GO TO EXECUTIVE SESSION NOW? ANEL? YES, SIR.
[4. Executive Session ]
SESSION PURSUANT TO SECTION 5 51 0 87 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS, MINT WOOD DEVELOPMENT INCENTIVES.CHAIRMAN, I MOVE THAT WE GO TO EXECUTIVE SESSION.
[00:40:01]
MOTION HAS BEEN MADE AND SECONDED TO MOVE INTO EXECUTIVE SESSION AT 6:40 PM ALL IN FAVOR SAY AYE.ALL OPPOSED? DOES THAT INCLUDE THE INVITATION OF THE ABOARD TO JOIN US? YES.
I, I ASSUMED THAT WAS GOING TO HAPPEN.
IF I NEED TO MAKE A DIFFERENT MOTION, WE'RE GOOD.
IT WAS IMPLIED, BUT I WAS JUST, UH, MAKING IT EASIER FOR OUR LEGAL COUNSEL TO UNDERSTAND THAT FOR, FOR THE A BOARD PURSUANT TO SECTION 5 5 1 0 87 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS, MINT WOOD DEVELOPMENT INCENTIVES, DO I HEAR A MOTION TO MOVE INTO EXECUTIVE SESSION? I'LL MAKE A MOTION TO MOVE INTO EXECUTIVE SESSION FOR THE B BOARD.
WE HAVE MOVED INTO EXECUTIVE SESSION.
[5. Take action, as necessary, on items discussed in Executive Session. ]
BACK FROM EXECUTIVE SESSION AT 7:35 PM THE A BOARD RETURNS BACK FROM EXECUTIVE SESSION AT 7:35 PM OKAY.UH, I DON'T BELIEVE WE HAVE, BUT WAS THERE ANY ACTION THAT NEEDS TO BE TAKEN FROM EXECUTIVE SESSION? CHAIRMAN, WE HAVE NO ACTION, RIGHT? ONE OR TWO.
OR YOU CAN GO AHEAD WITH THAT.
WAS THERE ANY ACTION FROM OUR EXECUTIVE SESSION? SIX 40? NO.
[6. Consideration and possible action on the adoption of an agreement with the Fulshear Farmers’ Market. ]
SIX, CONSIDERATION AND POSSIBLE ACTION ON THE ADOPTION OF AN AGREEMENT WITH THE FULCHER F FARMER'S MARKET.UM, WHAT YOU HAVE IN YOUR PACKETS IS THE DRAFTED AGREEMENT, UM, FROM OUR ATTORNEYS REFLECTING THE UNANIMOUS VOTE THAT WAS MADE ON MAY THE 13TH BY BOTH A AND B BOARD TO SUPPORT THE STER FARMER'S MARKET.
UM, AS YOU CAN SEE IN THE DETAILS, JUST A RECAP, THE SUPPORT THAT WAS VOTED IN FAVOR WAS A ONE-TIME $7,000 CONTRIBUTION FOR UPDATES TO THE IRRIGATION, SOME PLANTERS, UM, AND ALL OF THAT AS WELL AS $300 PER WEEKEND FOR SOME SORT OF ENTERTAINMENT DURING, UM, THE TIMES THE FARMER'S MARKET WAS OPEN.
AND THE MOTION WAS MADE TO FUND THAT THROUGH THE FI THE END OF THE FISCAL YEAR, UM, FOR 2023.
IF AT THIS TIME YOU HAVE ANY FEEDBACK, ANY EDITS THAT YOU WOULD LIKE TO BE MADE TO THE AGREEMENT, UM, PLEASE LET ME KNOW AND WE CAN WORK ON THAT.
IF WHAT YOU SEE BEFORE YOU IS ACCEPTABLE, UM, YOU CAN MAKE A MOTION TODAY, UM, TO APPROVE THE AGREEMENT AS DRAFTED.
I HAVE SENT IT TO, UH, RAMONA RIDGE WITH THE SHORE FARMER'S MARKET.
SHE HAS REVIEWED IT AND APPROVED, UH, THE DRAFT AS IT IS BEFORE YOU TODAY.
WHEN DOES, WHEN DOES THAT START? WHEN DOES THE FUNDING FOR THE MUSIC START? UM, SO IT WOULD START I THE, THE FIRST WEEKEND.
IT DEPENDS ON WHEN THE CONTRACT IS SIGNED.
UM, BUT AS SOON AS THAT FOLLOWING WEEKEND, WE, UM, WOULD PAY THE INVOICE DIRECTLY TO THE MUSICIAN THAT THE FARMER'S MARKET WOULD SUBMIT TO US.
JUST TO CLARIFY, IF I READ THIS CONTRACT RIGHT, EVERYTHING IS FUNDED BY REIMBURSEMENT, IS THAT RIGHT? YES.
JUST FOR IN MY INFORMATIONAL PURPOSES.
HOW'S THAT REIMBURSEMENT PROCESS WORK? DOES IT GET TO YOU AND THEN YOU LOOK AT IT AND SIGN OFF ON IT AND SEND IT TO FINANCE OR SOMETHING LIKE THAT? YEAH, SO THEY'LL SUBMIT, UM, THEIR INVOICE ESTIMATE OR INVOICE TO US WILL APPROVE.
THEN WE'LL ADD, ADD THE MASSIVE VENDOR TO OUR SYSTEM THROUGH FINANCE, UM, JUST LIKE ANY OTHER, AND THEN ISSUE PAYMENT THAT WAY.
AND THAT'S AGAINST FUND 6 0 1, 605 0 1 600 AND 700 600 AND 700 OR 6 0 1 AND 7 0 1 600.
UM, IT WOULD COME OUT OF OF PROMOTIONS? YES.
[00:45:01]
MAKE A MOTION THAT THE B BOARD APPROVES THE FOSHA FARMER'S MARKED AGREEMENT AS LISTED HERE.SECOND MOTIONS BEEN MADE AND SECONDED.
ANY FURTHER QUESTIONS OR COMMENTS? ANY, NONE.
ALL OPPOSED? THE MOTION CARRIES FROM THE A BOARD.
DO I HEAR A MOTION? I WILL MOTION, UH, TO APPROVE THE BUDGET.
I I IS THAT GOOD FOR YOU, HAYDEN? THAT? YES.
JOEL, WE MIGHT HAVE MUSIC THIS SATURDAY.
WHO, WHO ARE THE I BELIEVE IT'S, I GOT, I DIDN'T WANT QUESTION.
WHAT IF IT HAD RAIN OUT? WE STILL PAY.
UH, SO IN THE CONTRACT IT SAYS, UM, FOR SCHEDULED DAYS THAT ARE SCHEDULED, THAT ACTUALLY HAPPENED.
SO THEY'LL PROVIDE US WITH THE SCHEDULE OF, YOU KNOW, SOME HOLIDAYS, THINGS LIKE THAT.
WE WOULDN'T PROVIDE MONEY FOR THAT WEEK.
THAT WAS, IT LOOKS LIKE IT'S SET UP TO PROTECT AS MUCH AS WE CAN.
[7. Economic Development Report — Briefings or updates may be provided regarding City and Economic Development projects and programs, certificates of occupancy, conferences and meetings attended, upcoming meetings and events, business contacts and announcements, economic indicators, and administrative items. ]
IS OUR ECONOMIC DEVELOPMENT REPORT.UH, A LOT OF GOOD THINGS HAPPENING HERE.
SO I'LL START OFF WITH OUR CITY HALL GRAND OPENING.
IT WAS THAT WEDNESDAY FOLLOWING OUR LAST, UH, MEETING WE HAD.
I WOULD SAY WE HAD MAYBE ABOUT A HUNDRED, UM, PEOPLE ATTEND OUR, UM, CEREMONY, THE ROPE CUTTING, UM, THAT THE CHAMBER DID FOR US.
AND, UM, WE DID PRESENT THE PHOTOGRAPHY CONTEST WINNERS.
I THINK THAT WAS A GREAT IDEA.
SO THANK YOU ALL, UM, JUST FOR BEING SUPPORTING THAT.
UM, IT WAS REALLY SWEET WHEN WE HAD THE PHOTO FOR THE GRAND PRICE WINNER THAT'S NOW DISPLAYED IN THE LOBBY.
SO IF YOU HAVEN'T SEEN IT ON SOCIAL MEDIA, PLEASE STOP BY AND, UM, CHECK IT OUT ON YOUR WAY OUT TONIGHT.
UM, BUT WE HAD IT ON AN EASEL UP HERE AND THE MAYOR AND UNVEILED IT AND THE WHOLE CROWD, OOH,
SO IT WAS WORTH IT FOR THAT ONE MOMENT.
UM, I DID, UH, ADVERTISE AND ANNOUNCE THIS AS THE FIRST ANNUAL PHOTOGRAPHY CONTEST, SO WE'RE HOPING, YOU KNOW, WE CAN THEME IT YEAR AFTER YEAR AND ALWAYS G GATHER, UM, JUST IMAGES OF OUR COMMUNITY.
I MEAN, IT, IT'S RAPIDLY CHANGING AND AS MUCH AS WE CAN CAPTURE THE PROCESS THROUGH WHICH THAT HAPPENED, I THINK THAT WOULD BE GREAT.
UM, SO I GUESS THAT'S TWO, ONE AND TWO KIND OF TOGETHER.
UM, OVERALL THE COMMUNITY RESPONDED VERY POSITIVELY TO THE TOURS OF THE BUILDING.
THEY GOT TO SOME, SOME CAME A LITTLE EARLY, SOME CAME LATER AND, UM, JUST HAD THEIR OWN TOUR.
BUT IT WAS JUST A NICE OPPORTUNITY FOR THEM TO ACTUALLY SEE WHERE WE ALL WORK AND WHAT WE'RE WORKING ON.
UM, SO THAT'S REALLY, LIKE I SAID, THE TWO IN ONE WITH THE PHOTO CONTEST AND THE GRAND OPENING.
UM, SO NUMBER THREE ON THERE IS THE FULCHER FREEDOM FEST.
UM, I HAD HEARD WHEN I FIRST GOT HERE, YES, A VERY HOT 4TH OF JULY.
UM, ALTHOUGH I THINK IT COULD HAVE BEEN WORSE, IT WAS A LITTLE OVERCAST, SO IT'S KIND OF AS, AS GOOD AS IT COULD BE.
UM, WE SET UP A TENT FOR THE FIRST TIME IN A LONG TIME.
I, UH, AS A CITY, AS ECONOMIC DEVELOPMENT, I SENT AN INVITATION TO DIRECTORS, UM, ACROSS THE CITY TO JOIN US.
WE HAD HEIDI FROM OUR HR DEPARTMENT.
UM, ZACH, OUR ASSISTANT CITY MANAGER JOIN US, JESUS FROM OUR IT DEPARTMENT, UM, AND HIS PUBLIC INFORMATION OFFICER.
UM, I KNOW TOMMY STOPPED BY LEE STOPPED BY.
UM, AND IT WAS JUST A WONDERFUL, VERY SUCCESSFUL EVENT.
UM, AS ALWAYS, THE PARTNERSHIP WITH THE CHAMBER, UM, WENT REALLY WELL.
WE HAD ABOUT 6,000 PEOPLE IN ATTENDANCE.
UM, THERE ARE SOME PICTURES OF THAT DRONE FOOTAGE ON SOCIAL MEDIA IF, IF YOU HAVEN'T SEEN THEM, THEY'RE VERY IMPRESSIVE.
UM, BUT FOR ME IT WAS VERY, UM, HUMBLING TO GET TO JUST REALLY INTERACT WITH THE PUBLIC.
WE HAD A, A FULL LINE FROM THE MOMENT WE FINISHED SETTING UP UNTIL THE FIREWORKS STARTED.
WE, UM, PUT A BOX AT THE END OF THE TABLE AND JUST PUSHED ALL OUR STUFF INSIDE AND SAID WE'RE CLOSED
UM, IT WAS JUST NONSTOP, BUT IN THE BEST WAY JUST INTERACTING WITH, YOU KNOW, THE VERY FAMILIES THAT WERE HOPING, UM, TO BRING THE BEST TO.
UM, SO IT, IT WAS A, A GREAT EVENT QUESTION.
HOW MUCH DID THE EDC SPEND ON THAT FESTIVAL? HOW MUCH DID WE SPEND? UM, IT'S HARD CAUSE IT'S
[00:50:01]
SPLIT.WE PROVIDED AN AGREEMENT WITH THREE EVENTS AT A COST OF, YEAH, SO I ACTUALLY JUST USED THE NUMBERS.
UM, IT WAS A LITTLE OVER 43,000 TOTAL.
UM, ARE YOU INTERESTED IN A BREAKDOWN OF THAT? NO.
AND THE CHAMBER, HOW MUCH DID THE CHAMBER SPEND? I DON'T, I DON'T KNOW THEIR EXACT NUMBER.
ARE WE ABLE TO AUDIT THEIR BOOKS TO LOOK AND SEE? WE CAN CERTAINLY, WE CAN ALWAYS ASK, BUT I'M NOT SURE THAT'D BE A LEGAL QUESTION.
A LOT OF THE OTHER ITEMS LIKE FIREWORKS, A LOT OF IT WAS DONATED.
WALMART DONATED THE FIREWORKS.
THE, UH, THERE WAS, I THINK WHEN DON MENTIONED IT, HE RATTLED OFF A NUMBER OF DIFFERENT THINGS.
CERTAIN PORTIONS OF IT WERE, WERE SPONSORED BY AND PROVIDED BY.
SO I AS TO WHETHER THEY SPENT FUNDS, I'M NOT A HUNDRED PERCENT SURE IT WASN'T IMPLIED THAT WAY.
THEY SHOW THAT THE, THE CITY IS A SPONSOR OF THE EVENT.
UM, I THINK THEY JUST COUCH IT AS THE CITY OF FULCHER IN GENERAL.
THEY DON'T SAY SPECIFICALLY THE EDC CUZ I THINK, YOU KNOW, WE'RE STILL ONE ORGANIZATION IN THAT RESPECT, PRESENTING OURSELVES TO THE COMMUNITY.
BUT I BELIEVE THE CHAMBER DOES STILL SELL SPONSORSHIPS AND THEY TRY TO BOLSTER THEIR ORGANIZATION AND HAVE A NET POSITIVE INCOME FOR THEIR THEMSELVES AS PART OF THAT PROCESS.
WE COULD ASK DON MCCOY TO BE SURE, BUT I HAVE A FEELING THAT'S WHAT, YOU KNOW, HOW HOW IT HAPPENS.
OUR AGREEMENT WITH THEM ISN'T EXCLUSIVE OF ANYBODY ELSE THAT WOULD LIKE TO SPONSOR ANY OTHER PART OF THE WHOLE EVENT.
I DON'T THINK WE GO INTO IT AS LIKE, OKAY, A GROUP AND LET'S SEE WHAT SPONSORSHIPS WE CAN GET AND THEN WE DIVIDE UP THE SPOILS AT THE END.
UH, WE'VE JUST TYPICALLY CONTRIBUTED TO IT.
I MEAN THE SPONSORSHIPS I THINK ARE GETTING, YOU KNOW, MORE POPULAR, BIGGER FANFARE.
SO, SO, SO THIS IS JUST INFORMATIONAL FOR ME CUZ I'M NOT SURE HOW THIS HAS WORKED IN THE PAST, BUT BASICALLY WE'RE PARTNERING WITH THE CHAMBER TO PUT ON THESE THREE EVENTS, RIGHT? SO, UH, THE CHAMBER PLAYS A ROLE IN ORGANIZING AND DOING WHATEVER AND GETTING ALL THE DONATIONS AND ALL THE SPONSORS AND WE'RE JUST ONE OF THOSE IS WHAT YOU'RE TELLING ME? YES AND NO.
UM, WE ARE ONE OF THOSE, UM, SPONSORS, BUT JUST LIKE THE FARMER'S MARKET AGREEMENT WE WERE TALKING ABOUT, UM, WE WORK IN THE PLANNING PROCESS WITH THEM, BUT FOR US TO SEE WHERE OUR DOLLAR IS GOING, THEY SUBMIT THE INVOICE TO US AND WE PAY THE VENDOR DIRECTLY.
UH, AND INTERESTED TO BE MORE OF A VISIBLE PHYSICALLY AND ALSO BEHIND THE SCENES AS A PARTICIPANT IN THOSE PROCESSES.
AND I, I WILL SAY, UM, WE'VE HAD A LOT OF INTEREST FROM, UM, OTHER STAFF MEMBERS IN DIFFERENT DEPARTMENTS, UM, WITH EVENT BACKGROUNDS IN THEIR PREVIOUS ROLES THAT ARE JUST LOOKING, UM, ON PARTNERING WITH US AND, UM, BEING A HELPING HAND IN FUTURE EVENT PLANNING AND, UM, BEING OUT THERE ENGAGING THE COMMUNITY AT EVERY OPPORTUNITY WE GET.
YEAH, I'D JUST LIKE TO THANK Y'ALL FOR BEING THERE AND RECRUITING TO SERVE AND MAN AND OR STAFF, THE BOOTH, WRONG WORD THERE, BUT STAFF THE BOOTH AND, UH, YOU KNOW, HAVE US VISIBLE AS PART OF THE EVENT.
I MEAN, THAT MEANS A LOT I THINK, TO THE BOARDS.
ANY OTHER COMMENTS ON THAT? HOW MUCH WAS THE BOOTH? UH, WE DIDN'T PAY FOR THE BOOTH.
NO, WE PROBABLY JUST HAD SOME LITTLE HANDOUTS OR SOMETHING, RIGHT? I OR TATTOO.
YOU WERE, YES, WE HAD, UH, AMERICA THEMED TATTOOS FOR THE KIDDOS.
UM, WHAT AM I MISSING? I THINK I APPLIED ABOUT A MILLION TATTOOS.
[00:55:01]
TO, SO IN MY LIFE, SO MANY.I THINK THAT COST PROBABLY WAS MINIMAL CLOSE SINCE WE HAD CLOSE TO THAT WAS GOOD.
THERE'S A FEW, UM, JUST LITTLE DISCREPANCIES THAT WE'D LIKE TO LOOK THROUGH, BUT WE WILL BE SHARING THAT WITH YOU ALL, UM, HERE IN THE NEXT FEW DAYS SO YOU CAN KEEP AN EYE OUT FOR THAT.
UM, OUR EDC WEBSITE, UM, I HAVE A MEETING ON WHAT IS, WHERE, WHERE AM I
SO THE LAST HOLDUP, I FEEL LIKE I'VE SAID THAT TO Y'ALL THE LAST THREE MONTHS, UM, WAS TRYING TO GET THE.GOV FULL SURE EDC.GOV SECURED.
UM, AFTER STARTING THAT PROCESS, I HEARD BACK THAT USUALLY ENTITIES JUST HAVE ONE.GOV.
SO BECAUSE WE HAVE FULL SURE TEXAS.GOV, IT WOULD HAVE TO GO THROUGH MONTHS MORE OF EXPLAINING WHY THE EDC IS DIFFERENT.
AND SO, UM, ME AND HAYDEN LOOKED AT SOME OTHER ECONOMIC DEVELOPMENT, UM, NEIGHBORING CITIES AND THEIR WEBSITES ARE UM, DOT COM.
SO WE FELT THAT, UM, JUST LOOKING AT OUR PEERS, IT'S OKAY TO MOVE FORWARD AND TO SECURE SECURED HOLSCHER EDC.COM AS OUR U R L.
AND SO NOW WE JUST NEED TO GO THROUGH THAT LAST STEP OF MOVING IT ALL OVER.
SO THAT SHOULD BE COMING, UM, HERE, LIKE I SAID, THIS WEEK.
UM, WE'LL HAVE THAT MEETING AND THEN IT'LL, IT'LL BE BASICALLY BEFORE OUR NEXT MEETING, OUR WEBSITE SHOULD BE READY TO GO AND VIEWABLE TO THE PUBLIC.
UM, FOR MISCELLANEOUS, UM, YOU ALL HAD ASKED FOR AN UPDATE ON HARRIS STREET AND, UM, I DID REACH OUT TO OUR PUBLIC WORKS DEPARTMENT AND REQUEST THAT, UM, TIFFANY STADER HAS OUR ASSISTANT PUBLIC WORKS DIRECTOR, UM, HAS RECENTLY TAKEN OVER THE PROJECT.
SO RIGHT NOW IT'S AT, UM, 30, THE DESIGN IS ABOUT 30%, UH, CURRENTLY, AND THEY'RE, UH, UH, LET ME SEE.
UM, THEY'RE BASICALLY RIGHT NOW TRYING TO WORK THROUGH THAT, UH, DRAINAGE ISSUE AND FIGURING OUT WHAT, UM, WHAT STORAGE IS NECESSARY AND HOW TO ADD THAT INTO THE EXISTING SYSTEM.
UM, BECAUSE THOSE ROADSIDE DITCHES, DITCHES ARE PRETTY SHALLOW.
UM, SO IT'S A LITTLE BIT, I KNOW WE HAD TALKED ABOUT AN OCTOBER 1ST START DATE, UM, ONCE THEY WORK THROUGH ALL THAT, UM, RIGHT NOW IT'S LOOKING MORE ABOUT THREE TO FOUR MONTHS OUT.
UM, BUT TIFFANY WILL ACTUALLY MEET WITH THE COMPANY AND BE INTRODUCED AS THE NEW, UM, I GUESS CITY PROJECT MANAGER TO KEEP AN EYE OVER THAT, UH, THIS COMING WEEK.
SO THAT COULD ALL CHANGE AND I HOPE TO HAVE ANOTHER UPDATE FOR YOU THE NEXT MONTH.
UH, ANOTHER UPDATE THAT KIND OF, UM, CAME ABOUT ONCE WE HAD SET THIS UP IS, UM, WE PRESENTED OUR BUDGET TO COUNCIL LAST WEEK AND, UH, THAT TUESDAY THEY HAD BASICALLY, I MEAN, IN A NUTSHELL, THEY WANT US TO SPEND OUR MONEY AND, UH, I JUST PUT TOGETHER A LIST OF PROPOSED PROJECTS THAT I'LL JUST BE SHARING WITH THEM TOMORROW.
SO I WANTED YOU TO HEAR THEM FIRST.
UM, THE FIRST PROJECT, UM, IS GOING TO BE PUBLIC ART SUCH AS MURALS IN DOWNTOWN TO ADD SOME VIBRANCY AND COLOR.
UM, WE WOULD WORK WITH, YOU KNOW, BUSINESS OWNERS, PROPERTY OWNERS AND DESIGN CONCEPTS THAT WOULD BE REFLECTIVE OF THE HISTORY OF FULL SURE THAT COULD BE VISITOR, UH, VISIBLE TO OUR VISITORS COMING TO OUR DOWNTOWN.
UH, THIS NEL IS THAT SIMILAR OR DIFFERENT TO THE PROJECT THAT, UH, COUNCIL APPROVED TWO YEARS AGO FOR THE, UM, ARTWORK ON ALL THE, UH, ELECTRICAL UTILITIES THAT ARE OWNED BY THE COUNTY? AND I THINK THAT WAS ON THE TRAFFIC SIGNAL BOXES.
YES, IT'S, IT'S VERY DIFFERENT, SIMILAR IN THE SENSE THAT WE'RE ADDING COLOR, WE WOULD BE APPROACHING ARTISTS, BUT DIFFERENT IN THAT I THINK WE HAVE A LITTLE MORE, UH, CONTROL OF THE TIMELINE.
UM, BECAUSE WE'D BE WORKING DIRECTLY OURSELVES AS
[01:00:01]
THE CITY, UM, WITH THE PROPERTY OWNER.UH, THE NEXT PROJECT, UM, WOULD BE, YOU KNOW, WE'RE ALREADY INVESTING, UH, ON, UH, HARRIS STREET WITH, UM, THAT ROAD STRUCTURE THERE.
UM, SO ADDING TO THAT, SO HARRIS STREET ADD-ONS IS KIND OF THE CATEGORY, BUT SOMETHING LIKE A, HIS DOWNTOWN, UM, GATEWAY SIGN THAT WOULD GO OVER KIND OF AN ARCH ON EITHER SIDE.
WE HAD TALKED ABOUT THE POWER BEING RUN THROUGH, BUT WHERE'S THE ACTUAL LIGHT FIXTURES? CAN WE PUT BANNERS? CAN WE, UM, REALLY JUST PUT OUR BRAND OUT THERE AND, UM, MAKE IT OUR OWN? UM, AFTER THAT, UH, THE AMPHITHEATER IN PRIMROSE, THE THIRD FACE OF PRIMROSE, UM, JUST BEING A, A PLACE THAT WE COULD REALLY SEE OUR COMMUNITY GATHERING, ENJOYING LIVE MUSIC, THEATER SHOWS, THAT TYPE OF THING.
UM, THAT WAS ONE OF THE COMMENTS MADE BY OUR COUNCIL IS THAT THEY WANNA SEE THOSE, UM, JUST IMPROVEMENTS, UM, SORRY, THE WORD IS THIS HAPPENS.
UM, BUT YES, MORE OF THOSE TYPE OF IMPROVEMENTS, UH, LIKE THIS AMPHITHEATER.
UM, SO THE AMPHITHEATER FUNDED AS THROUGH THE PARKS BUDGET OR NOT? I BELIEVE RIGHT NOW, I DON'T KNOW THAT THEY HAVE AN ACTUAL NUMBER SO THAT THERE'S, I DON'T KNOW, LEE, I WOULD HAVE TO FIGURE OUT IF IT'S ALREADY BUDGETED.
I JUST WANNA MAKE SURE THEY'RE SPENDING THEIR BUDGET AS WELL.
OH YES,
AND THAT IS PHASE THREE, SO I'D IMAGINE, YOU KNOW, THEY WOULD HAVE INVESTED IN THE FIRST AND SECOND PHASE OF THAT, UM, ON THEIR OWN.
AND LASTLY, WHAT I HAVE ON MY LIST IS JUST A PARKING STRUCTURE.
UM, WE'VE BEEN TALKING ABOUT THIS, Y'ALL ARE FAMILIAR WITH THAT, BUT JUST WANTED TO GIVE YOU KIND OF AN UPDATE.
WE WOULD WORK THROUGH ALL THE DETAILS, BRING YOU VERY SPECIFIC NUMBERS, COLLABORATIONS, AGREEMENTS WITH OUR LEGAL.
UM, AND I JUST WANTED TO LET COUNSEL KNOW, THIS IS KIND OF WHAT WE'RE THINKING.
UM, AND I DON'T THINK WE CAN DISCUSS THIS, BUT IF YOU HAVE ANY OTHER IDEAS YOU'D LIKE FOR ME TO SHARE TOMORROW, PLEASE SEND THEM TO ME, UM, IN AN EMAIL.
UH, AND THEN I'LL HAND IT OVER TO HAYDEN FOR AN UPDATE ON THE RETAIL COACH.
SO AT, AT LAST MEETING, YOU GUYS REQUESTED THAT, UH, AARON KINDA GIVE YOU HARD COPY UPDATE.
UM, SO THIS IS WHAT HE'S, HE'S PROVIDED FOR US.
UM, LIKE, LIKE ME, AARON WAS OUTTA THE OFFICE FOR ABOUT TWO WEEKS.
UM, SO I THINK I CALLED HIM ON HIS FIRST DAY BACK LAST WEEK AS WELL.
IT'S MAINLY A LOT OF FOLLOW UPS.
UM, SOME SITE VISITS ARE IN THE WORKS RIGHT NOW.
UM, THERE'S A FEW LISTED ON THERE, THERE'S A FEW THAT ARE NOT LISTED ON THERE.
UM, THERE ARE PEOPLE STEADILY MOVING IN, LOOKING AROUND AT PROPERTIES IN SHORE AND IT, IT'S VERY POSITIVE, UM, FEEDBACK THAT WE'RE GETTING FROM EVERYBODY RIGHT NOW.
IT'S JUST THAT, THAT INITIAL PHASE THAT WE'RE LOOKING AT THAT SLOW START, UM, AS YOU CAN SEE ON THERE, THEY ARE, WE ARE STILL IN TALKS WITH HEB AND THEY'RE BEING AS MYSTERIOUS AS EVER.
UM, THOUGH WE HOPE TO GET SOME MORE FORWARD MOMENTUM WITH THEM IN THE NEXT COMING MONTHS AND, AND TRY AND GET A BETTER IDEA ON THEIR TIMELINE.
UM, AS WITH THAT, THERE'S, THERE'S A FEW, UM, EVENTS THAT AARON HAS EITHER ALREADY GONE TO, UM, SUCH AS THE ICSC IN LAS VEGAS.
UM, THERE'S ALSO RETAIL LIVE COMING UP IN AUSTIN, UM, IN THE NEXT COUPLE MONTHS, UM, THAT HE WILL BE REPRESENTING US AT, UM, AS WELL AS OTHERS.
THAT'S ALL I HAVE FOR MY ECONOMIC DEVELOPMENT REPORT.
[8. Consideration and action on financials and payables for the Corporation for the period ending May 31, 2023. ]
ITEM EIGHT.ITEM EIGHT, CDC AND FDC FINANCIALS AND PAYABLES.
YOU'LL NOTICE, UH, IN YOUR DOCUMENTS, UH, SALES TAX REVENUE IS UP 28% FROM LAST YEAR.
UM, AT THIS TIME, UH, MOST OF THE EXPENDITURES THAT YOU SEE, UH, LISTED THERE WERE FOR FREEDOM FEST.
WE DID ASK OUR FINANCIAL, UM, UH, OUR DIRECTOR IF SHE COULD GENERATE THAT REPORT MINUS, IT'S JUST NOT THE WAY IT TABULATES.
SO IT'S JUST THAT MINUS $1,032,760.
[01:05:10]
HANG ON.CAN YOU REPEAT THAT LAST PART? LET ME FIND THAT.
WERE YOU TALKING ABOUT ON THE FUND BALANCES? YES.
SO IF WE TAKE WHAT AND SUBTRACT WHAT? UM, SO JAMES KNOWS NUMBERS.
YEAH, I THINK YOU MEANT 2 MILLION, RIGHT? UH, THAT'S THE, SO THE, I HAVE 1 MILLION, UH, ON MY NOTES, JAMES, IF THAT'S WRONG, I CAN FOLLOW UP WITH YOU.
YEAH, I'M PRETTY SURE IT'S GONNA BE 2 MILLION CUZ IT'S TWO PIECES OF ADJACENT PROPERTIES.
TOMMY, WHAT WAS YOUR QUESTION? I'M SORRY.
I MAY HAVE GOTTEN OFF DRAFT HERE.
CAUSE WE WERE THE FUND BALANCE REPORT THAT'S ON PAGE 52 OF THE PACKET.
YOU'RE TRYING TO SUBTRACT THE LAND VALUE OUT OF THAT TO KNOW HOW MUCH CASH ON HAND.
YOU GUYS WILL ALSO NOTICE WE HAVE GRAPHS BACK AGAIN THIS MONTH.
UM, ZACK TAX UPDATED IN TIME FOR OUR MEETING.
UM, SO TH THIS MONTH I INCLUDED, UM, SOME OF THE SALES TAX REVENUES FOR OUR, UH, NEIGHBORING CITIES, JUST SO YOU GUYS CAN KIND OF GET A, A GLIMPSE AT WHAT WE'RE LOOKING AT.
UM, AS WELL AS THE BREAKDOWN OF OUR SALES TAX GENERATION, WHAT INDUSTRIES IT COMES FROM, UH, AND THE HEAT MAP, UM, FOR THE CITY OF WHERE OUR RETAIL AND AND SALES TAX GENERATION IS, IS, UH, UH, ORIGINATED AT.
YEAH, THE REVENUES STILL LOOK REALLY POSITIVE FOR US, SO THAT'S REALLY GOOD.
WAIT, THERE'S A GREEN.AT MY HOUSE.
I GUESS WE NEED A MOTION FOR THE PAYABLE AMOUNTS OF THE 12 2 32 AND 53 CENTS FOR THE B BOARD.
I'LL MAKE A MOTION TO, UH, APPROVE LAST MONTH'S EXPENSES OF $12,232 AND 53 CENTS FOR, UH, EDC B BOARD.
DO I HAVE A SECOND? MOTIONS BEEN MADE AND SECONDED.
ANY FURTHER COMMENTS ON THE FINANCIALS OR PAYABLES? ALL THOSE IN FAVOR SAY AYE.
I'LL OPPOSE THE MOTION CARRIED.
AND Y'ALL JUST GOT PAID HALF OF IT.
IS THERE ANY DISCUSSION? ALL IN FAVOR AYE.
[9. Consideration and action on minutes of the Corporation for the June 12, 2023, meeting. ]
NINE IS CONSIDERATION AND ACTION ON THE MINUTES OF THE CORPORATION FOR THE JUNE 12TH, 2023 MEETING.IF YOU'VE HAD A CHANCE TO REVIEW THOSE, ARE THERE ANY ADDITIONS OR CORRECTIONS THAT NEED TO BE MADE? IF NONE, CAN WE HAVE A MOTION? I'LL MAKE A MOTION TO APPROVE THE, UM, JUNE 12TH MEETING, UH, FOR THE B BOARD.
SECOND MOTION'S BEEN MADE AND SECONDED.
ANY FURTHER DISCUSSION? ALL THOSE IN FAVOR SAY AYE.
ALL OPPOSED? THE MINUTES ARE APPROVED.
A BOARD, DO I HEAR A MOTION TO APPROVE THE MINUTES FROM OUR JUNE 12TH MEETING? I'LL MAKE A MOTION TO APPROVE THE MINUTES FROM THE JUNE 12TH MEETING FOR THE A BOARD.
DO I HEAR A SECOND? SECOND? ANY DISCUSSION? ALL IN FAVOR? AYE.
[10. Review and discuss draft items pertaining to FY 2023-2024 EDC budget development. ]
10, BUDGET, PROCESS, SCHEDULE AND DEVELOPMENT.SO YOU SHOULD HAVE BEFORE YOU AN UPDATED, UH, BUDGET PRINTOUT THAT IS MUCH EASIER TO READ THAN THE ONES YOU GOT LAST MONTH.
UM, IN ADDITION, UM, AT YOUR TABLES YOU'LL SEE, UM, THE FISCAL YEAR 23
[01:10:01]
PERSONNEL COSTS CHART, UM, AS WELL AS, UH, ANOTHER FEE CHART.SO THOSE TWO ADDITIONS ARE HERE.
UM, BECAUSE OF THE INCREASE, GIVE ME JUST A MINUTE.
IN THE SHARED SERVICE FEE OUT OF, UM, ACCOUNT 600 AND 700, UM, FOR A B BOARD RESPECTIVELY, UM, THE INCREASES FROM 55,000 TO $85,000.
UM, THIS INCREASE IS HERE MOSTLY TO COVER THE COST OF OUR STAFF MEMBERS WHO PROVIDE SERVICES FOR THE E D C S WE OFFICE IN THIS BUILDING.
AND YOU CAN SEE THE PERCENTAGE BREAKDOWN, UH, IN THAT DOCUMENT THAT YOU HAVE ON WHAT PERCENTAGE GOES TO WHAT STAFF MEMBER AND WHAT POSITION THEY HOLD.
THE PERCENTAGE IS THAT WHEN IT SAYS FOR EDC, IS THAT SPLIT IN HALF? IS THAT, SO IF I LOOK AT HARPER, IS THAT 7.5% PER BOARD? YES.
AND WHAT WAS THE REASON FOR THE 35% INCREASE? UM, SO IT'S JUST STAYING ON TRACK WITH, UM, THE SALARY INCREASES FOR THESE EMPLOYEES.
IS THERE A REASON WHY THE PERCENTAGE ALLOCATION NORMALLY ADDS UP TO 79%? I'M NOT SURE.
YEAH, I DON'T THINK, I DON'T THINK THE PERCENTAGE ALLOCATION SHOULD NECESSARILY ADD UP TO A HUNDRED.
NO, BECAUSE THERE'S THIS JUST AN A RAN, NOT A RANDOM, BUT, UH, A CERTAIN PERCENTAGE PER EMPLOYEE.
IT COULD BE UNDER, IT COULD BE OVER A HUNDRED.
THAT'S JUST THE PERCENTAGE OF, OF THEIR, THEIR TIME SALARY OR THEIR TIME THAT WE, THAT WE PAY FOR.
SO 15% OF MR. HARPER'S TOTAL SALARY, UH, IS PAID FOR BY THE EDC.
UM, WE MUST CAUSE A LOT OF PROBLEMS.
IS THAT, SO WE, WE DO, UM, PAY FOR THEM.
UM, WE, UH, IF YOU NOTICE WHEN YOU COME IN, THERE'S A SHEET, A SECURITY LOG, UM, THE, IT TRACKS THE TIME THAT THEY SPEND HERE, AND THEN IT'S JUST PAID OUT OF A SEPARATE LINE.
SO EVERY MONTH WHEN YOU GUYS, UM, GO THROUGH AND DO YOUR, UM, FINANCIAL APPROVALS, PART OF PART OF THAT IS THE TIME THAT THEY WERE SPENT HERE FOR OUR MEETINGS THE MONTH BEFORE OR THE MONTH OF.
IF THERE ARE NO OTHER QUESTIONS ON THAT, UM, I CAN MOVE ONTO THE OTHER ATTACHMENT THAT YOU SEE HERE.
UM, THIS IS A NEW ITEM THAT WAS NOT HERE THE LAST TIME I PRESENTED, UM, THE BUDGET TO YOU.
SO YOU WILL FIND THAT ITEM M I.
IT'S GONNA BE IN THE 6 0 1 AND 7 0 1 UNDER CAPITAL OUTLAY.
THE PROJECTED AMOUNT FOR THIS YEAR'S BUDGET IS THE 76,600, UM, AND 67.
THE GRAPH YOU SEE IN FRONT OF YOU IS A BREAKDOWN OF THE COST, UM, AS I UNDERSTAND IT, AND TOMMY AND BRIAN, YOU'VE BEEN HERE, UM, LONGER THAN I HAVE.
SO IF I MISS ANYTHING, PLEASE HELP ME FILL IN WITH THE HISTORY.
THIS IS AN INTERLOCAL AGREEMENT THAT WAS ENTERED INTO BY, UM, A AND B BOARD, UM, WHEN THP WAS FIRST, UM, COVERED.
THE COST OF THP WAS FIRST COVERED BY THE COUNTY.
UM, AND THIS IS NOW THEM COMING TO US AND ASKING FOR US TO PAY THEM BACK.
AT THAT TIME, A AND B BOARD HAD VOTED, UM, IN FAVOR OF SUPPORTING THIS.
SO WHAT YOU SEE HERE IS THEIR PROPOSED SCHEDULE
[01:15:01]
EACH YEAR, AND IT WOULD BE DIVIDED THREE WAYS.UH, THE CITY PORTION, A ABOARD AND B BOARD.
ON THE TEXAS HERITAGE PARKWAY, I THINK THE, UH, FORT BEND COUNTY, THEY FRONTED ALL OF THE MONEY TO BUILD THAT.
OBVIOUSLY IT'S, YOU KNOW, GREAT ECONOMIC DEVELOPMENT, UM, ADDITION, UH, TO THE CITY OF SHORE.
UM, BUT PART OF IT WAS IN THE CITY OF SHORE.
PART OF IT WAS IN THE E TJ OF SHORE AND PART OF IT WAS IN KATIE.
AND SO WE'RE TALKING ABOUT JUST THE PORTION THROUGH THE CITY LIMITS OF SHO THE OTHERS, IF I'M NOT MISTAKEN, IT WAS THROUGH THE CITY LIMITS.
THE OTHER PORTIONS HAVE BEEN FUNDED JOINTLY WITH OTHER ENTITIES LIKE THE COUNTY AND ADJACENT LANDOWNERS OR MUD DISTRICTS OR OTHER SPECIAL DISTRICTS.
SO THE TEXAS HERITAGE PARKWAY IS PAID FOR BY THE COUNTY, THE CITY OF SHORE, THE CITY OF KATY, WALLER COUNTY.
SO FORT BEND COUNTY, WALLER COUNTY SHORE, KATY, AND THE LANDOWNERS SLASH DEVELOPERS.
AND WE'VE DONE INTER-LOCAL AGREEMENTS WITH FORT BEND COUNTY ON A LOT OF DIFFERENT THINGS.
UM, RELOCATION OF UTILITIES FOR THE FRONTAGE ROADS AND THESE SORTS OF THINGS.
SO IT'S A VERY COMMON THING TO DO.
IS IT COMMON IN THESE INTER-LOCAL AGREEMENTS THAT, UM, THAT WE DON'T PAY ANY PRINCIPAL FOR THE FIRST TWO YEARS? DON'T PAY.
WHAT PRINCIPAL? UH, JUST LOOKING AT THE PAYMENTS, THE FIRST, UH, THE PAYMENT SEPTEMBER, 2023 AND MARCH, 2024 DOESN'T INCLUDE ANY PRINCIPAL PAYMENT.
I'M NOT SURE THE DETAILS OF THAT AGREEMENT.
PROBABLY THIS IS THE ONLY ONE THAT I'VE SEEN.
YEAH, THIS IS PROBABLY A SCHEDULE THAT THEY DEVELOPED, BUT MM-HMM.
SO IF YOU SEE THAT THE TOTAL AT THE BOTTOM OF, UH, THE COLUMN FOR A AND B, THAT IS, UM, WHAT EACH BOARD WOULD OWE, AND YOU CAN CHOOSE TO FUND THAT WHATEVER WAY YOU WOULD LIKE AS LONG AS THE FUNDS ARE THERE.
UM, SO YOU CAN BREAK THAT INTO FOUR PIECES AND PAY A FOURTH.
UM, WE'RE TODAY THE BUDGET AS WE HAVE PROPOSED, UM, IS THE 76,667 FOR THE FIRST YEAR.
AND WE CAN LOOK AT OUR TAX REVENUE COLLECTIONS FOR NEXT YEAR AND PROPOSE A DIFFERENT BREAKDOWN GOING FORWARD, IF YOU WOULD LIKE.
BUT FOR OUR BUDGET DISCUSSION TODAY, WE'RE TALKING ABOUT JUST SETTING FOR NEXT YEAR'S EXPENDITURES, CORRECT? YES.
SO WE'RE TALKING ABOUT AN AMOUNT OF $76,667 FOR THIS PARTICULAR PROJECT PER BOARD.
AND IF WE WANT TO PAY IT OUT ON A DIFFERENT SCHEDULE OVER THE NEXT YEAR, WE CAN EXPLORE THOSE OPTIONS AND YOU COULD BRING THOSE TO US.
IS IT 76, 6, UH, SEVEN OR 81 6 6 7 FOR FISCAL YEAR 24.
SO I SPOKE TO OUR, UM, ONE OF OUR FINANCE STAFF TODAY FOR, UM, 2023 PROJECTED.
IT'D BE THE 76, BUT THEN THE FOLLOWING YEAR IT WOULD BE THE 81 6 67 BUDGET.
YEAH, I JUST LOOKED AT THE FIRST LINE.
SO IF IT'S THE SECOND LINE, THE SECOND LINES YES.
FOR FISCAL YEAR 24, YES, IT IS REFLECTED IN YOUR BUDGETS.
I MEAN, I CAN'T THINK OF, UM, ANY REASON TO CHANGE IT AT THIS POINT, CAN YOU? NO, THERE'S, FROM A LEGAL POINT OF VIEW, THERE'S NO BREAKDOWN.
EVERYBODY'S GONNA BE ABLE TO FUND THIS ONGOING INTO THE FUTURE.
YOU KNOW, WITH THE EDC A AND B CHANGES NO.
THERE, THERE SHOULDN'T BE ANY, ANY ISSUES THERE.
UH, BUT I HAVEN'T SEEN WHATEVER YOUR ORIGINAL AGREEMENT
[01:20:01]
WAS FOR THIS.UH, THE OTHER, THE OTHER THING THAT I WOULD NOTE IS THAT YOU'RE, YOU'RE ACTUALLY MAKING A PAYMENT THIS FISCAL YEAR.
AND THEN ANOTHER ONE END OF YEAH.
I, I MEAN, I'M ASSUMING THERE'S A GOOD REASON, BUT, UM, I HAD THE SAME QUESTION AS BONNIE, WHICH IS, WHY ARE WE ONLY PAYING INTEREST AND NOT ANYTHING ON PRINCIPLE? YEAH.
WE CAN FIND OUT FROM OUR, UH, FINANCE DIRECTOR.
UM, SHE'S THE ONE THAT HAS THOSE CONVERSATIONS WITH THE COUNTY.
AND I'M, LIKE I SAID, I'M SURE SOMEBODY HAS A GOOD REASON SOMEWHERE.
UM, WELL, THAT AGREEMENT'S AVAILABLE, RIGHT? SO SURE.
WE PROBABLY NEED TO, AT A FUTURE MEETING, BRING THAT AGREEMENT BACK AND, OR AT LEAST YOU LOOK INTO IT.
BECAUSE THERE WAS A LOT OF DISCUSSIONS.
I DON'T KNOW FOR SURE WHAT WAS SETTLED BECAUSE WE HAD SOME ON THE BOARD WAS WERE CONCERNED ABOUT HAVING A, YOU KNOW, PAYOUT TO 2042 ON SOMETHING.
AND I DON'T, YOU KNOW, I, I WOULD BE LYING TO YOU IF I SAID DEFINITELY THIS IS WHAT WE AGREED TO.
SO LET'S JUST REFRESH WHAT'S INKED ON PAPER AND THEN WE CAN GO FROM THERE.
SO THOSE, UH, TWO DIFFERENT ITEMS WERE NEW OR CHANGES IN AMOUNTS FROM WHAT YOU WERE PRESENTED LAST TIME.
OTHER THAN THAT, UM, WE WILL BE NEEDING A MOTION, A SEPARATE MOTION FROM EACH BOARD IF YOU LIKE, ON THE AGENDA ON THE BUDGETS FOR SIX, FOR, UM, SIX HUNDRED AND SIX OH ONE, AND THEN SEVEN HUNDRED AND SEVEN OH ONE.
AND THEN WE'LL MOVE INTO, UM, THE ADMINISTRATIVE SERVICES AGREEMENT CHANGES, UNLESS YOU HAVE ANY OTHER FOLLOW UP QUESTIONS ON ANYTHING THAT WAS PRESENTED LAST TIME THAT YOU DIDN'T SHARE WITH US BEFORE.
CHAIRMAN, I MAKE A MOTION THAT WE APPROVE THE BUDGET AS PRESENTED TO US TONIGHT FOR, UH, FUNDS SIX HUNDRED AND SIX OH ONE FOR THE B BOARD.
IT WOULD BE SEVEN HUNDRED AND SEVEN OH ONE, CORRECT? YEAH.
SECOND, DO WE HAVE A SECOND? SECOND.
MOTION'S BEEN MADE AND SECONDED.
ANY FURTHER DISCUSSION? MAY I ASK ONE QUESTION REAL QUICK? AND I DON'T KNOW IF THIS IS AN APPROPRIATE PLACE TO DO IT, BUT HARRIS STREET IMPROVEMENT, I REMEMBER WE DISCUSSED THAT BEING ZONED COMMERCIAL.
DID WE GET THAT TAKEN CARE OF? YES.
THE BUDGET IS APPROVED AND READY TO GO ONTO THE NEXT STEP FOR THE A BOARD.
DO I HEAR A MOTION REGARDING THE 600 AND THE 6 0 1 LINE ITEMS? I'LL MAKE A MOTION THAT WE APPROVE AS PRESENTED TO US TONIGHT, THE BUDGET FOR 606.
DO I HAVE A SECOND? EXCELLENT.
ANY DISCUSSION WITH NO DISCUSSION? ALL IN FAVOR, AYE.
THE MOTION PASSES NOW, THE ADMINISTRATIVE SERVICES AGREEMENT.
SO OUR NEXT ITEM IS THE, UH, ASA.
UM, THIS IS THE ESSENTIALLY THE SAME AGREEMENT THAT YOU GUYS HAVE SIGNED FOR THE PAST SEVERAL YEARS.
UM, THERE IS ONE CHANGE THAT SHOULD HAVE BEEN MADE, UM, IN LAST YEAR'S ASA AND THAT WAS THE, UM, THE METHOD OF WHICH, UH, COMMUNITY EVENTS ARE PAID FOR.
UM, IN LAST YEAR'S ASA IT HAD IT LISTED THAT THE BOARDS WOULD REIMBURSE THE CITY, UM, FOR ALL COMMUNITY EVENTS.
UM, AS YOU GUYS KNOW, UM, IN OUR MOU AND ALSO IN OUR, UH, PROJECT DECLARATION, WE SET IT AS WE WOULD PAY FOR OUR OWN EVENTS DIRECTLY.
UM, SO THAT SECTION OF THE ASA WAS STRICKEN.
UM, EVERYTHING ELSE REMAINS THE SAME.
UM, SO THERE THERE'S REALLY NO SIGNIFICANT CHANGES OTHER THAN THAT.
YEAH, I THINK, I THINK LAST YEAR WE WENT THROUGH THIS PRETTY THOROUGHLY AND MADE QUITE A FEW REVISIONS, WORKED WITH OUR LEGAL COUNSEL AND CITY'S LEGAL COUNSEL, UH, TO REALLY, I THINK, STREAMLINE IT AND TIGHTEN IT UP.
ANY FURTHER QUESTIONS OR COMMENTS? DO WE HAVE A MOTION TO APPROVE THE ADMINISTRATIVE SERVICES AGREEMENT?
[01:25:02]
MAKE A MOTION FOR THE, UH, B BOARD TO APPROVE THE CITY OF FULCHER SERVICE AGREEMENT.ASA SECONDED MOTIONS BEEN MADE AND SECONDED.
ANY FURTHER QUESTIONS? ALL THOSE IN FAVOR SAY AYE.
ALL OPPOSED? THE MOTION CARRIES FOR THE A BOARD.
DO I HEAR A MOTION THAT WE APPROVE THE ADMINISTRATIVE SERVICE AGREEMENT? ALL MOTION THAT WE APPROVE THE ADMINISTRATIVE SERVICE AGREEMENT FOR A SECOND? I'LL SECOND.
ANY DISCUSSION? ALL IN FAVOR? AYE.
WHO SECONDED THAT MOTION? I'M SORRY.
PAUL, UH, YOU WANT TO DISCUSS THE RESOLUTION? YES.
SO, UM, BEFORE YOU, YOU HAVE THE PROPOSED RESOLUTION, UH, AND IT OUTLINES THE PROJECTS THAT YOU HAVE PREVIOUSLY VOTED TO FUND, UM, ALL TO TOGETHER, UH, TO COUNSEL.
AND SO WE'RE JUST ASKING FOR YOUR APPROVAL SO THAT WE CAN MOVE FORWARD IN THAT PROCESS.
WE THE FTC APPROVE RESOLUTION NUMBER 2 0 2 3 DASH ZERO TWO ASS LISTED.
DO WE HAVE A SECOND BEFORE I SECOND? SO AGAIN, THE TEXAS HERITAGE PARKWAY DEVELOPMENT, THAT NUMBER IS THAT FISCAL YEAR 2023 OR FISCAL YEAR 2024.
IT SHOULD BE FISCAL YEAR 2024.
SO SHOULDN'T IT BE A DIFFERENT NUMBER? CORRECT.
SO HOW DO WE, CAN WE MODIFY THE, THE MOTION? SO, CHAIRMAN, I MOVE THAT WE APPROVE THE, UM, RESOLUTION FTC 2023 DASH OH TWO, A RESOLUTION OF THE C D C DECLARING PROJECTS CORPORATION FOR FISCAL YEAR 20 23, 20 24, UM, WITH AN AMENDMENT TO CHANGE THE AMOUNT FROM THE TEXAS HERITAGE PARKWAY DEVELOPMENT FROM 76,667 TO 81,667.
MOTIONS ARE MADE AND SECONDED.
SO WE'LL OPEN IT FOR DISCUSSION.
SHOULD IT BE BOTH? NO, WE SHOULD ONLY BE ONE.
CAUSE DID WE HAVE, SO THE 76 6 67 IS APPROVED IN OUR CURRENT BUDGET.
SO THIS IS FOR NEXT YEAR'S PHYSICAL BUDGET STARTING OCTOBER.
I WAS JUST MAKING SURE, BECAUSE I THINK, UM, SO THAT HAS ALREADY BEEN PAID.
IT WILL BE PAID IN SEPTEMBER THE, YEAH.
YEAH, WE INCREASED IT FOR BICENTENNIAL, YOUR HONOR.
MOTIONS HAVE MADE AND SECONDED.
ANY FURTHER QUESTIONS? DISCUSSION? ALL RIGHT.
AND THE MOTION IS APPROVED WITH THE CORRECTION NOTED FOR THE A BOARD.
DO I HEAR A MOTION TO APPROVE C D C RESOLUTION NUMBER 20 23 0 2, THE RESOLUTION OF THE CITY OF SHORE DEVELOPMENT CORPORATION, UH, AS AMENDED AS, YEP, AS AMENDED.
AS AMENDED FOR THE TEXAS HERITAGE PARKWAY DEVELOPMENT IN THE AMOUNT OF $81,667.
I'LL MAKE A MOTION TO APPROVE AS NOTED WITH AMENDMENTS.
ANY DISCUSSION? ALL IN FAVOR? A.
SO NOW THAT YOU HAVE ALL, UM, APPROVED, NO, JUST A QUESTION.
SO WHEN THAT'S THEN PRESENTED TO COUNSEL? YES, SIR.
IT WILL BE A MODIFIED, UH, THAT'S PC THAT'S IT'LL, UM, HAVE THE MODIFICATION CORRECT,
[01:30:01]
UM, TO THE CURRENT, AND THEN IT'LL ALSO MODIFY BONNIE POINTED OUT, UH, IN THE PARAGRAPH ABOVE THAT, THE TOTAL AMOUNT, BUT, OKAY.SO WE WILL BE RETURNING, UH, TO COUNSEL WITH, UM, OUR BUDGET AT LAST, UH, WEEK'S MEETING.
UM, WE'VE RECEIVED SOME FEEDBACK LIKE I'VE SHARED ALL DEPARTMENTS HAVE, UM, WITH YOU ALL.
AND NOW AT TOMORROW'S MEETING WILL BE OUR OPPORTUNITY TO PRESENT SOME ANSWERS TO THEIR QUESTIONS AND, UM, SEE IF THEY HAVE ANY OTHER FOLLOW UP QUESTIONS SINCE THEY'VE HAD MORE TIME TO REVIEW IT.
AND THEN THEY SHOULD MOVE FORWARD WITH ADOPTING THAT BUDGET AT THEIR SEPTEMBER MEETING.
[11. Review and discussion on the Fulshear Entrepreneurship and Business Hub (Cannon) Agreement. ]
11, REVIEW AND DISCUSS THE DISCUSSION ON SHO ENTREPRENEURSHIP AND BUSINESS HUB CANNON AGREEMENT.SO IN YOUR PACKETS, YOU, UH, WE'LL ALL SEE THE AGREEMENT THAT WAS SENT OVER BY, UH, JOHN WITH THE CANNON FOR US TO CONSIDER.
UM, AS YOU CAN SEE, THERE IS A LENGTHY LIST OF VARIOUS METRICS THAT THEY WOULD BE USING TO, UH, GAUGE THEIR PROJECT WITH.
UM, AND A LOT OF THOSE ARE DETERMINED ONCE EVERYTHING STARTS MOVING FORWARD.
UM, IT'S DIFFICULT TO DO IT UPFRONT WITHOUT REALLY KNOWING WHAT THE RESPONSE WILL BE FROM THE COMMUNITY.
UM, JUST FROM THE CONVERSATIONS I'VE HAD, SOME OF THE METRICS ARE FILLED OUT, UH, BY, UH, JOHN JUST LOOKING AT AS A RECOMMENDATION FROM HIM LOOKING AT OTHER COMMUNITIES LIKE US WHO HAVE DONE SOMETHING SIMILAR.
UM, BUT I DO THINK THAT THIS WOULD BE A DISCUSSION, UM, THAT WOULD, WOULD TAKE A, A GOOD AMOUNT OF TIME TO GO THROUGH EACH ITEM AND, UM, GET YOUR FEEDBACK.
I DON'T KNOW, UM, HOW MUCH TIME YOU'VE ALL SPENT LOOKING AT IT, OR IF YOU'VE HAD JUST THOUGHTS OR QUESTIONS THAT YOU'D LIKE TO FOLLOW US FOLLOW UP WITH, UM, FOR US TO ASK JOHN ON WHAT THOSE METRICS MEAN OR, UM, WHAT IT ENTAILS.
WHAT WAS, SO WHAT WAS THE PURPOSE? WHAT WAS THE REASON IN REQUESTING THIS INFORMATION AND WHAT ARE YOU GOING TO DO WITH IT? GREAT QUESTION.
SO FOR OUR NEW BOARD MEMBERS, UM, THE BOARDS HAD TALKED ABOUT A, UM, ENTREPRENEURSHIP AND BUSINESS HUB THAT WOULDN'T BE A PHYSICAL LOCATION, BUT UH, WOULD BE MORE OF A VIRTUAL AND DIFFERENT, UM, KIND OF NETWORKING MEETINGS HELD AROUND TOWN, UH, AND RESOURCES.
UH, WE PUT OUT OUR NEED AND A COUPLE COMPANIES REQUESTED, UH, OR RESPONDED TO THAT.
UH, AND THE BOARDS VOTED TO MOVE FORWARD SPECIFICALLY WITH THE CANON.
THIS WOULD JUST TARGET DIFFERENT, UM, INNOVATION AND ENTREPRENEURSHIP IDEAS WITHIN OUR COMMUNITY AND HOPEFULLY PROVIDE RESOURCES, UM, TO HELP THEM MOVE THEIR BUSINESS MODEL ALONG, RESULTING IN MORE BUSINESSES AND JOBS, UM, HERE TO FULL.
AND DOES THAT KIND OF ANSWER YOUR QUESTION, JOEL? I THINK SO, YEAH.
I MEAN, I DON'T HAVE ENOUGH KNOWLEDGE TO KNOW IF THESE NUMBERS ARE GOOD OR BAD.
UM, IS THERE ANY WAY THAT WE HAVE A METHOD TO MAYBE VISIT WITH OTHER FOLKS THAT ARE USING THE CANNON TO SEE WHAT METRICS THEY MAY BE TRYING TO TARGET? YES.
I MEAN, I JUST DON'T HAVE THAT KNOWLEDGE.
YES, BUT I THINK THE ANELLE ACCURATELY DESCRIBED IT.
THE IDEA WAS, YOU KNOW, TRY TO BUILD THIS VIRTUAL NETWORK TO START WITH AND WITH THE EVENTUAL POSSIBLY HAVING A PHYSICAL LOCATION FOR THIS ENTREPRENEURSHIP TO OCCUR.
SO AT ONE POINT THERE WERE THREE MAIN THINGS THAT WE WERE LOOKING FOR.
SO I SEE THEY HAD THE LINE ITEM FOR NEW JOB CREATION IN YEAR ONE OF 20 PEOPLE.
THE OTHER, UH, WAS ON THE FUNDING THAT WOULD BE BROUGHT IN TO THE CITY OF SHORE.
UM, I IDEALLY FROM, I THINK PEOPLE, THE VENTURE CAPITALISTS THAT ARE IN THE STATE OF TEXAS, BUT ARE OUTSIDE OF SHORE, AND WE CAN BRING SOME OF THAT MONEY INTO THE CITY.
[01:35:01]
WAS, UM, IMPROVING OR BRINGING TAX REVENUE IN SOME FORM OR FASHION INTO THE CITY, WHETHER IT'S SALES TAX OR PROPERTY TAX.UM, I DIDN'T SEE THAT ON HERE.
UM, YOU KNOW, AND I'M NOT, I I THINK I'M WITH, UH, TOMMY ON THE, YOU KNOW, 20 NEW JOBS IN YEAR ONE.
IS THAT A REASONABLE AMOUNT? $200,000 IN FUNDING? UM, I THINK I PERSONALLY WAS EXPECTING A BIGGER NUMBER.
UM, BUT MAYBE THAT'S NOT TO BE EXPECTED IN THE FIRST YEAR.
UM, AND I HAVE NO IDEA ON OTHER TAX.
I MEAN, HAVING SOME EXPERIENCE, UM, BUSINESS DEVELOPMENT AND LOOKING AT SOME OF THESE THINGS AND BEING, UM, A SMALL BUSINESS OWNER, UM, I WOULD SAY IN THE FIRST YEAR, FOUR NEW BUSINESS STARTS.
THAT'D BE PRETTY IMPRESSIVE ACTUALLY.
YOU START THE BUSINESS, DO YOU ACTUALLY THEN OPEN YOUR BUSINESS HERE AND CREATE 20 JOBS, FIVE JOBS, TWO JOBS? THAT'S REALLY HARD TO, HARD TO IMAGINE, REALLY.
UM, YEAH, I DON'T KNOW WHAT THE BASIS FOR THE ME PROPOSED METRICS ARE, BUT, AND AS YOU SAID, UH, CHAIRMAN, I, I DON'T KNOW HOW, HOW TO EVALUATE THEM EITHER.
I, I WOULD LIKE TO UNDERSTAND HOW, LIKE, ARE THESE NUMBERS THAT THEY CAN DIRECTLY ATTRIBUTE TO THEIR ACTIONS, UM, BECAUSE FULCHER IS GROWING AND, UH, YOU KNOW, AND SO SOME OF THIS STUFF WILL HAPPEN ORGANICALLY, YOU KNOW, WITHOUT THIS PROGRAM.
SO JUST HOW DO WE, HOW DO WE MAKE SURE THAT WE'RE DIRECTLY ATTRIBUTING THE JOB CREATION TO THEIR EFFORTS? YEAH.
I MEAN, IT WOULD HAVE TO BE DIRECTLY RELATED TO THAT, RIGHT? YEAH.
I THINK ONE OF THE OTHER FOCUSES THAT WE KIND OF HAD INITIALLY WAS, UH, EVENTS SPECIFIC TO CITY FULCHER.
I'M GLAD THAT THAT IS ADDRESSED.
UM, YOU KNOW, BRINGING THE HUB HERE, THE WHOLE, THERE WAS A WORRY THAT WITH THIS FUNDING, IT STILL MAY ALMOST ALWAYS HAPPEN AT THEIR LOCATION, AT THEIR PRINCIPAL SITE, BUT EVEN THOUGH IT'S VIRTUAL, JUST THAT THEY HAVE FULL SHARE SPECIFIC EVENTS HERE, I THINK IS A, UH, IS A GOOD YEAR ONE TARGET.
SO THAT WAS, THAT WAS ALWAYS THE HOPE.
AND TO SEE IT PUT, EVEN THOUGH THE NUMBER IS SMALL, IT'S YEAR ONE, UM, IS A GOOD START.
WOULD IT BE HELPFUL FOR YOU ALL TO, UM, INVITE JOHN? I WAS THINKING THE SAME THING.
LIKE WOULD IT, COULD WE ASK HIM TO MAYBE GIVE US A, A REFRESHER MM-HMM.
AND, AND I WOULD, I WOULD ASSUME THAT THEY'RE GONNA HAVE A, AS WE'RE GETTING VERY CLOSE, THEY MAY HAVE A BREAKDOWN OF THE PEOPLE THAT WILL BE RUNNING OUR HUB, AND, UM, WHETHER THAT'S BY A PERCENTAGE BASIS OR, OR SPECIFICALLY, CAUSE I KNOW IT WASN'T GONNA BE A FULL PERSON WAS, UM, PER, PER THE INITIAL DISCUSSIONS AT LEAST.
UH, SO WHO THAT WAS WOULD BE BE GOOD TO START THAT RELATIONSHIP, BOB, BUT MAYBE YOU'VE ALREADY, UH, I GUESS Y'ALL HAVEN'T MET THEM YET.
WHEN WE INITIALLY TALKED ABOUT THIS, WE ALREADY HAD THE, THERE WAS LIKE FOUR OPTIONS.
THE CANNON, THERE WAS TWO OPTIONS FROM THE CANNON.
THERE WAS TWO OPTIONS FROM ANOTHER, AND YEAH.
AND THIS IS THE, THIS IS THE LESSER OPTION FROM THE CANNON THAT WE CHOSE, CORRECT? THAT IS CORRECT.
TO WHICH WE, WE ARE FUNDING THE 200,000.
BUT WE CAN GET, YOU KNOW, WITH THE AGREEMENT, WE COULD PROBABLY GET DOWN TO WHO WE'RE GONNA BE INTERACTING WITH AND ABSOLUTELY.
AND MAKING OUR CONTACTS FOR UPDATES AND STUFF LIKE THAT.
SO HOW, HOW DOES THE EDCS LIAISE WITH THIS HUB MANAGER? RIGHT? I MEAN, AS AN ENTITY WE CAN'T DO THAT RIGHT? AS, UH, A PERSON REPRESENTING COULD DO THAT.
BUT I MEAN, IF YOU HAVE A HUB MANAGER AND THEY'RE WORKING TWO DAYS A WEEK, I MEAN, IT'S HOW DO YOU HAVE THE, THE INTERACTION AND THE CONTROL TO MAKE SURE THAT THINGS ARE PROGRESSING AND MOVING ALONG? YOU CAN'T DO MONTHLY UPDATES.
[01:40:01]
RIGHT? SO SOMEHOW THERE HAS TO BE SOME SORT OF DAY-TO-DAY WEEKLY INTERACTION BETWEEN EITHER THE EDC DIRECTOR, RIGHT? UH, AND I DON'T KNOW IF THAT'S PART OF YOUR JOB THAT YOU THINK YOU'RE GONNA DO, BUT I DON'T KNOW HOW THAT HAPPENS.IT IS SOMETHING THAT THEY WANT US TO SPEND A LARGE MAJORITY OF OUR TIME DOING AS THE, UH, THE WAY THAT IT'S DESIGNED RIGHT NOW.
IT WOULD ADD, UM, A SIGNIFICANT AMOUNT OF WORK.
AND ARE, HAVE, ARE, ARE YOU BUDGETING FOR THAT? I DON'T SEE THAT IN THE BUDGET FOR YOUR, THAT YOU PRESENT IN FROM THE WORKSHOP.
UH, THE CANNON YOUR TIME OR NO.
ARE YOU THINKING THAT THEN THEY WON'T HAVE ENOUGH TIME TO WORK ON THE OTHER PROJECTS? WE HAVE? THAT WAS ONE OF THE CONCERNS ABOUT WORKING WITH THE CANON, AND AT THE TIME WE DECIDED WE WOULD MI WE WOULD BE ABLE TO MITIGATE THAT CONCERN.
I, I, I MEAN, I THINK THAT, YOU KNOW, WITH, WITH SOMETHING LIKE THIS, CONCEPTUALLY, I GUESS THEY'VE DONE IT BEFORE WITH THE VIRTUAL AND HAVING A HUB, A MANAGER WHO'S PART-TIME OR, OR WHATEVER.
BUT WHAT THAT RE REPORTING LINE IS BACK INTO THE FUNDING ENTITY, UH, AND THE AMOUNT OF INTERACTION IS GOING TO HAVE A LOT TO DO WITH HOW THINGS PROGRESS.
IF YOU JUST LEAVE IT AS THIS IS THE TARGET, YOU GOTTA HUB MANAGER, LET US KNOW WHEN THINGS ARE GETTING, GETTING GOING, SO THAT'S NOT GONNA WORK, RIGHT? SO THERE'S GOING TO HAVE TO BE, UH, SOME SORT OF, UH, YOU KNOW, THERE'S, YOU HAVE AGREED UPON GOALS AND OBJECTIVES TO GET THIS STUFF MOVING AND TIMELINES AND YOU GOTTA HAVE MEETINGS TO MAKE SURE IT'S HAPPENING.
AND IF IT'S NOT HAPPENING, HOW DO YOU MITIGATE IT? WHERE DO YOU CHANGE? AND YOU HAVE TO BE ABLE TO DO THAT ON A WEEKLY BASIS BECAUSE YOU CAN'T WAIT FOR A MONTHLY MEETING WITH THE EDCS TO HAVE IT ON THE AGENDA ITEM TO FIGURE OUT WHAT TO DO.
RIGHT? SO YOU'RE GONNA HAVE TO TAKE THAT UPON YOURSELF.
SO I'M JUST SAYING THAT I THINK THAT THAT MIGHT TAKE A LITTLE MORE TIME.
UM, AND YOU EITHER HAVE THE TIME OR YOU MAYBE IN THE BUDGET DISCUSSION, THERE MIGHT NEED TO BE AN ASK FOR ADDITIONAL RESOURCES.
I THINK THAT WAS THE, I THINK THAT WAS THE BIGGER DIFFERENCE BETWEEN OPTION A AND OPTION B WITH THE CANNON.
THE SECOND OPTION CAME WITH READ ADDITIONAL RESOURCES.
THAT'S WHY THERE WAS ADDITIONAL FUNDING.
I THINK IT WAS OVER 350,000 INSTEAD OF 200.
I THINK, TRYING TO THINK BACK, YES, I BELIEVE THAT IT WAS ACCOUNTING FOR, LIKE RENTING SPACE FOR SOMEONE TO JOIN US HERE TO BE WORKING ON THE HUB, BUT BE WITH US AND HAVE, UM, THAT PROXIMITY TO STAFF ON A MORE REGULAR BASIS.
I GUESS COULD YOU JUST CLARIFY ALL OF THAT WITH THEM, WHAT THE EXPECTATION WOULD BE, WHETHER THEY'RE STILL PLANNING TO, UH, LOCATE HERE ON A, SOME PART-TIME BASIS, WHAT YOUR REQUIREMENT WILL BE FOR YOUR TIME, HAYDEN'S TIME, UH, SO THAT WE CAN PROPERLY EVALUATE THAT.
BECAUSE IF WE'RE INVESTING THIS MUCH MONEY IN A PROGRAM, WE DON'T WANT IT JUST TO FLOUNDER AND NOT PRODUCE ANY FRUIT, CORRECT? YES, SIR.
WE'LL FOLLOW UP AND GET SOME ANSWERS TO YOUR QUESTIONS AND WE'LL INVITE, UH, JOHN TO ATTEND OUR NEXT MEETING SO THAT HE'S AVAILABLE, UM, AS WE CONTINUE THAT DISCUSSION.
[12. Presentation by City Council Liaison regarding relevant action taken at the previous City Council meeting(s). ]
LIAISON UPDATE.BEEN WAITING FOR THIS ALL EVENING.
OH, WE HAVE YOU, UH, I'M ASSUMING, WELL, I SHOULDN'T, BUT YOU KNOW, THAT EVERYONE DOES, UH, WATCH THE COUNCIL MEETINGS.
I KNOW YOU DON'T ATTEND IN PERSON, BUT, UH, SO QUICKLY, UH, FROM THE, I WON'T TALK REALLY ABOUT THE SPECIAL MEETING THAT WE HAD LAST TUESDAY AROUND THE BUDGET DISCUSSIONS, BECAUSE IT WAS JUST A WORKSHOP AND THERE WERE NO DECISIONS MADE.
UH, THE BUDGET WILL BE ADDRESSED, UH, TOMORROW ON THE AGENDA AND THE REGULAR COUNCIL MEETING.
UM, SO FROM THE LAST REGULAR COUNCIL MEETING ON JUNE 20TH, UH, THERE WAS A DISCUSSION ITEM AROUND THE VACANT DISTRICT THREE COUNCIL POSITION.
SO LISA KELLER MARTIN, UH, AND HER FAMILY MOVED UP TO THE, UH, FORT WORTH AREA.
AND SO, UH, SHE OBVIOUSLY HAD TO RESIGN BECAUSE
[01:45:01]
SHE DOESN'T LIVE THERE ANYMORE.UH, SO WE DID AGREE TO, UH, AN APPROACH FOR FILLING THAT POSITION.
THERE'S THREE OPTIONS PER OUR HOME RULE CHARTER.
ONE IS TO HAVE IT CONTINUE AS A VACANCY UNTIL THE NEXT ELECTION, WHICH WILL BE IN MAY OF 2024.
UH, SO IF YOU CAN DO THE MATH, I THINK THAT'S EIGHT OR NINE MONTHS.
UH, THE OTHER IS TO, UH, CALL A SPECIAL ELECTION FOR THAT ONE, UH, POSITION, THE, WHICH DOESN'T MAKE A LOT OF SENSE.
AND THEN THE THIRD OPTION WAS TO APPOINT THROUGH A MAJORITY.
SO WE'VE ACTUALLY DONE THIS ONCE BEFORE, UH, FOR DISTRICT ONE, UM, IN 2 20 21.
UM, SO WHAT WE AGREED THEN WAS THAT THE COUNCIL MEMBERS WOULD SUBMIT INTERVIEW QUESTIONS, UH, BY JULY 7TH, WHICH WE DID THE APPLICATIONS, UH, WE ADVERTISED ON THE WEBSITE AND THROUGH SOCIAL MEDIA AND WORD OF MOUTH, THE APPLICATIONS, UH, WERE DUE JULY 14TH.
UH, WE RECEIVED, UH, THREE, ONE HAS SINCE, UH, WITHDRAWN.
SO WE HAVE TWO APPLICANTS FOR THAT SEAT.
AND, UH, JULY 18TH AT OUR REGULAR COUNSEL MEETING, WE WOULD GO THROUGH THE INTERVIEW PROCESS.
SO BASICALLY EACH OF THE TWO APPLICANTS WILL, WILL COME BEFORE THE COUNSEL.
WE WILL INTERVIEW THEM INDIVIDUALLY, UM, WITH THE OTHER PERSON NOT IN THE ROOM, AND SO FORTH AND SO ON, AND NOT WATCHING THE LIVE STREAM.
AND THEN WE'LL GO THROUGH THAT PROCESS, AND THEN WE WILL ACTUALLY, UH, EACH COUNCIL MEMBER WILL, UM, BASICALLY RATE, UH, THE, HOW THEY FEEL ABOUT THAT, THAT APPLICANT, UH, WILL COMBINE ALL OF THOSE NUMBERS TOGETHER.
UH, ONE WILL BE, UM, WELL, I GUESS THEY COULD BE TIED, BUT PROBABLY NOT.
ONE WOULD PROBABLY BE THE PREFERRED CHOICE.
AND THAT VOTE STILL REQUIRES A MAJORITY, RIGHT? WE MIGHT NOT ALL AGREE.
SO WE STILL GO THROUGH THE PROCESS, AND THAT REQUIRES A MAJORITY.
SINCE WE ONLY HAVE, UM, SIX COUNCIL MEMBERS.
UH, IF THERE'S A TIE, UH, MAYOR GROFF WILL BREAK THE TIE.
SO, UH, THERE WAS A FINANCIAL ADVISOR SERVICE AGREEMENT, UH, THAT WE APPROVED WITH, UH, MASTERSON ADVISORS, L L C.
THIS IS TO ADVISE US, UH, WITH THE PROCESS OF ISSUING OR ISSUES, UH, BONDS, UH, WHICH WILL BE COMING UP IN THE NEAR FUTURE WITH, THERE WAS A SECOND AMENDMENT TO THE SOLID WASTE CONTRACT.
UM, THERE WAS, UH, A MISTAKE IN THE, ONE OF THE TABLES FOR THE RATE TABLES FOR, UM, THE COMMERCIAL SOLID WASTE AND RECYCLING.
I THINK THAT SOME OF THE COLUMNS MOVED.
AND SO, UH, I THINK THAT, UH, GREEN FOR LIFE PROBABLY FOUND IT BECAUSE
SO WE DID MAKE THOSE, THOSE CHANGES, UM, AS FAIRLY SIGNIFICANT ON THE DOLLAR SIDE.
UM, SO THE OTHER LARGE, UH, CHANGE WAS, UH, THAT I THINK IS RELEVANT FOR, FOR FOLKS TO KNOW THE BUDGET AMENDMENT.
UH, WE DID A, OUR SECOND BUDGET AMENDMENT FOR FISCAL YEAR 2023 BUDGET.
UM, A FOR, UH, THE WATER PLANT, NUMBER ONE, THE WATER WASTEWATER, THE WATER, UH, 22 A PROJECT, UH, WHICH IS, UH, $2,474,000, UH, OUT OF FUND 5 0 1, THE AIR STRIPPER INSTALLATION PROJECT, UH, $255,000 OUT OF FUND 5 51 AND A POLYPHOSPHATE FEED SYSTEM.
UH, AND THESE ARE ALL PART OF THE WATER WASTEWATER CAPITAL IMPROVEMENT PROJECTS, UH, FOR AN ADDITIONAL FOR $81,636 OUT OF 5 0 1 AND $245,794 OUT OF 5 51.
SO THESE ARE ALL, UH, INCREASED COSTS, UH, SINCE THE BUDGET WAS SET AS WE'VE GONE OUT AND EITHER, UH, DONE THE DESIGN WORK AND NOW GOING OUT FOR BID ON THE CONTRACTS FOR CONSTRUCTION, THE, UH, MATERIAL COST AND SO FORTH HAVE INCREASED,
[01:50:01]
UH, SIGNIFICANTLY.AND OR THERE WAS A DESIGN CHANGE, RIGHT? SO THAT AMENDMENT WAS APPROVED.
UM, AND WE ALSO APPROVED THE AIRSTRIP TOTAL BID CONTRACT, UM, WITH WW PEYTON CORPORATION AND THE FO POLYPHOSPHATE FEED SYSTEM WITH JT R CONSTRUCTORS.
SO THESE ARE, ARE, IT'S GOOD THAT THESE ARE GOING TO GET STARTED.
UM, I THINK THAT IS PRETTY MUCH IT.
AND IF, IF THAT'S TOO MUCH DETAIL OR NOT USEFUL FOR, FOR YOU, UH, JUST, YOU KNOW, LET ME KNOW AFTERWARDS AND I'LL, I CAN CHANGE IT FOR NEXT TIME.
YEAH, WE APPRECIATE IT STRAIGHT.
BUT I SKIPPED OVER ALL THE FLUFF STUFF.
DOES, DOES THE COUNCIL MEMBER HAVE TO BE FROM DISTRICT, UH, WHEREVER LISA WAS FROM? YES.
YES, WE HAVE, UH, FIVE DISTRICTS.
AND SO WE HAVE, UH, FIVE COUNCIL MEMBERS, ONE FROM EACH OF THE DISTRICTS, AND THEN WE HAVE TWO COUNCIL MEMBERS AT LARGE.
SO THE AT LARGE COUNCIL MEMBERS CAN LIVE ANYWHERE IN THE CITY OF SHORE.
UH, COUNCIL MEMBER PATTERSON FOR THE UPDATE AND SHARING THAT INFORMATION WITH US.
[13. Future agenda items ]
FUTURE AGENDA ITEMS. ANYONE HAVE ANYTHING SPECIFIC? UH, OTHER THAN A FEW THINGS WE'VE ALREADY DISCUSSED WITH THE COMMENTS ON HARRIS STREET AND THE DELAYS, UM, CAN WE ASK THE QUESTION PERTINENT TO INCREASE IN COST WITH THAT, OR IS THIS JUST INCORPORATED WITHIN THE DESIGN OR ABSORBED WITHIN THE DESIGN COST? I'LL GO AHEAD AND ASK TIFFANY AND HAVE THAT READY FOR YOU ALL ASK NEXT MONTH'S UPDATE.I'M SORRY, I DON'T, I DIDN'T UNDER, I DIDN'T HEAR THAT QUESTION.
WHAT WAS THE QUESTION? SO THE COST, SO THE, WHEN C UM, PUT FORWARD THE, THE REQUEST FOR THE FUNDING, THEY CAME WITH A TIMELINE WHEN NOWHERE CLOSE TO THAT TIMELINE, WE WERE ALREADY MEETING IT, MISSING IT BY ABOUT THREE MONTHS OR THREE TO FOUR MONTHS.
WE HAVEN'T STARTED ANYTHING YET.
SO WITH THAT, DOES THAT COME WITH ADDITIONAL COST? SO THE MONEY WE PUT FORWARD AS APPROVED, IS THAT STILL APPLICABLE OR IS IT INCREASED? ANY OTHER ITEMS? WELL, I THINK, AND YOUR REAL QUESTION IS HOW WOULD THAT BE HANDLED? RIGHT? SO NOT, NOT AT THE 11TH HOUR, BUT I MEAN, SO BASICALLY, YOU KNOW, IT WOULD, THERE MIGHT NEED TO BE SOME AMENDMENT AT SOME LATER DATE, BUT SURE.
FOLLOW UP ON WHAT THEIR PLAN IS FOR THAT.
WILL THEY, WILL THEY REQUEST COME FROM US IF THERE IS A CHANGE IN THE COST BECAUSE OF THE DIFFERENCE IN THE TIMELINE THAT WAS ORIGINALLY EXPECTED.
I THOUGHT THEY WERE GONNA TAKE ANY OVER OVERAGE.
WASN'T THAT WHAT WE AGREED TO? OKAY.
JUST ALL I'M ASKING FOR IS CLEAR VISIBILITY AND NOT ABSOLUTELY.
THE 11TH HOUR AFTER IT HAPPENED, LIKE THE COUNCIL MEETING WAS.
UH, AND I THINK THERE'S FOUR OR FIVE THINGS THAT WE KIND OF APPROVED AS FUTURE ITEMS. YES.
DO YOU THINK WE'LL GET TO ALL OF THOSE NEXT MEETING? BECAUSE I KNOW WE, I KNOW WE DEFERRED THEM INTENTIONALLY.
BUT ARE WE GONNA GET TO MOST OF THOSE, DO YOU THINK? OR ALL OF THOSE? THAT'S THE MAJORITY.
WE'LL TRY TO GET TO ALL OF THEM.
ANYTHING ELSE? ALL RIGHT, BRIAN, OUR LAST ITEM, NUMBER
[14. Announcements ]
14.ANY ANNOUNCEMENTS? NO, WE DO NOT HAVE ANY ANNOUNCEMENTS FOR YOU ALL.
DO WE HAVE A MOTION TO ADJOURN? A MOTION TO ADJOURN.
MOTION HAS BEEN MADE AND SECONDED TO ADJOURN AT 8:48 PM ALL THOSE IN FAVOR SAY AYE.
ALL OPPOSED? THE B BOARD IS ADJOURNED.
DO I HEAR A MOTION TO ADJOURN? I'LL MAKE A MOTION TO ADJOURN.