[00:00:01]
OKAY, THERE WE GO.[1. Call to Order ]
ON THE DOT, AND I WOULD LIKE TO CALL THE MEETING OF THE E D C A BOARD TO ORDER.UH, WE HAVE THE CALL, THE FULLER DEVELOPMENT CORPORATION MEETING TO ORDER AT 6:00 PM ON MONDAY, SEPTEMBER THE 18TH.
AND WE DO HAVE A QUORUM FOR THE RECORD.
UH, JAMES BUSIER, BLAKE KOKI AND JOEL PATTERSON ARE UNABLE TO JOIN US THIS EVENING.
ALRIGHT, ITEM TWO ARE PUBLIC COMMENTS.
DO WE HAVE ANYONE SIGNED UP? SERGEANT HENRY ONE.
UH, JONATHAN ECK, YOU'LL, YOU'LL BE ON AGENDA.
HE'S ACTUALLY SPEAKING ON AN AGENDA ITEM.
ANYONE ELSE SIGNED UP FOR KAY OR DON? WANNA MAKE ANY, JUST GENERAL PUBLIC COMMENTS? NO, Y'ALL ARE EASY TODAY.
[3. Presentation, consideration and possible action on the purchase of CoStar and LoopLink software. ]
ITEM NUMBER THREE, PRESENTATION, CONSIDERATION, POSSIBLE ACTION ON THE PURCHASE OF COSTAR AND LOOP LINK SOFTWARE.UM, I'D LIKE TO INTRODUCE REBECCA.
UM, SHE'S A SALES EXECUTIVE WITH THE COSTAR GROUP.
UM, SHE'S HERE TO GIVE US A DEMO AND SHARE MORE DETAILS AND SOFTWARE THAT, UM, WE WOULD LIKE TO UTILIZE THIS YEAR.
UM, STAFF BELIEVES THIS WOULD HELP INCREASE OUR EFFICIENCY AND OUR ABILITY TO PROVIDE, UH, MORE DATA THAT IS UP TO DATE TO THE PUBLIC AND ANYONE INTERESTED IN BRINGING THEIR BUSINESS TO RE SO I'LL LET HER, UH, TAKE IT AWAY AND SHARE WHAT, UH, THIS SOFTWARE DESK.
HELLO, LADIES AND GENTLEMEN, REBECCA SITES.
HE'S OUR REGIONAL DIRECTOR FOR THE HOUSTON MARKET, SO IT'S A PLEASURE TO, IS IS YOUR MICROPHONE ON? I'M NOT SURE THERE A TRICK.
THAT WAY THE PUBLIC CAN HEAR YOU AS WELL.
REBECCA SITES AND BRIAN KAIN, UH, REGIONAL DIRECTOR OF THE COSTAR GROUP FOR THE HOUSTON MARKET.
UM, SO THANK YOU ALL FOR HAVING US.
WHAT WE WOULD LOVE TO START WITH, UM, WOULD BE A NICE, Y'ALL CAN SEE IT.
SO, JUST TO GIVE A LITTLE BIT OF BACKGROUND, I'M NOT SURE IF, UM, HOW MANY OF YOU HAVE HEARD OF COSTAR OR ARE FAMILIAR WITH, UH, LOOP LINK? THAT'S ONE OF OUR SUBSIDIARIES, LOOPNET.
UM, BUT WE'LL DIVE RIGHT INTO A BACKGROUND AND THEN I'M GOING TO PROVIDE A LIVE DEMONSTRATION OF THE PLATFORM, UM, BOTH PLATFORMS ACTUALLY, THAT WE'RE TALKING ABOUT TODAY.
ALL RIGHT, SO COSTAR, COSTAR HAS BEEN AROUND FOR OVER 35 YEARS.
WE ARE THE NUMBER ONE IN THE RESEARCH, COMMERCIAL RESEARCH AND TECHNOLOGY SPACE IN TERMS OF PROVIDING DATA AND ANALYTICS TO ANYONE.
AND REALLY EVERYONE OPERATING IN THE C R E WORLD.
SO THAT GOES FOR TITLE COMPANIES, BROKERS, OWNERS, INVESTORS, UM, VENDORS, GOVERNING BODIES, RIGHT? ANYONE WHO NEEDS TO ACCESS THAT INFORMATION IS ON THE, THE COSTAR, UM, PLATFORM.
WE HAVE AS WELL, 29 SUBSIDIARIES.
WE'RE GONNA TALK A LITTLE BIT MORE ABOUT SOME OF THOSE THAT MIGHT SOUND FAMILIAR AND HOW THEY WILL ALSO IMPACT RE SO WE'RE NOT JUST HERE IN HOUSTON, BUT ALSO INTERNATIONALLY.
WE'VE RECENTLY LAUNCHED IN SPAIN AND FRANCE.
WE'RE IN OTHER PARTS OF LIKE THE UK AND, AND CANADA AS WELL.
SO COSTAR IS THE PARENT COMPANY TO 29 OTHER ORGANIZATIONS.
UM, LOOPNET BEING OUR MARKETING ARM, AND PROBABLY ONE OF THE MOST FAMILIAR, WHEN YOU HEAR COSTAR, YOU'RE LIKE, OH, I KNOW, I KNOW LOOPNET, WHICH IS LIKE AMAZON MARKETPLACE, BUT FOR PROPERTY.
UM, AND WE ALSO HAVE APARTMENTS.COM WHERE WE'RE GATHERING MULTIFAMILY INFORMATION.
SO MULTIFAMILY, UH, RENTAL RATES, UM, DAILY AVERAGE RENTAL RATES, THINGS LIKE THAT.
HOMES.COM S T R PROVIDES OUR HOSPITALITY INFORMATION.
AND WHEN YOU'RE LOOKING AT THIS CHART, IT'S LIKE, OKAY, THAT'S GREAT AND EVERYTHING.
BUT THE POINT OF SHARING THIS IS THAT A LOT OF THESE PLATFORMS ALSO FEED INTO THE BACKEND OF COSTAR, RIGHT? THIS IS HOW WE'RE CURATING AND PROVIDING THE DATA TO OUR END USERS, SUCH AS YOUR ECONOMIC DEVELOPMENT TEAM.
IN ADDITION TO THAT, WE ALSO HAVE THE PROP, I BELIEVE IT'S THE SECOND MOST THOROUGH RESEARCH PROCESS COMPARED
[00:05:01]
TO THE CENSUS BUREAU.SO NOW WE ACTUALLY HAVE OVER 1600 RESEARCHERS.
THESE RESEARCHERS ARE SILOED INTO VARIOUS GROUPS.
SO JUST FOR EXAMPLE, WE HAVE OUR TENANT RESEARCHERS, WHICH WHEN WE DIVE INTO THE PLATFORM, I'M GONNA SHOW YOU ALL THE TENANT PLATFORM AND YOU CAN ACTUALLY SEE YOUR TENANT FOOTPRINT AND INDUSTRY FOOTPRINT WITHIN THE COSTAR PLATFORM.
SO YOU CAN JUST UNDERSTAND, HEY, WHAT'S GOING ON IN FULL SURE, WHO ARE OUR TENANTS? WHO DO WE WANNA RETAIN HERE? WE WANNA KNOW LEASE EXPIRATIONS, THINGS LIKE THAT.
THAT'S COMING FROM OUR RESEARCH TEAM.
THEY HAVE DEEP EMBEDDED RELATIONSHIPS WITH THE TENANTS, WITH THE OWNERS OF PROPERTIES, WITH THE BROKERS.
SO THEY HAVE CONVERSATIONS WITH THEM EVERY 30 DAYS MAX.
AND THEN THAT IS ALSO UPDATED WITHIN OUR SYSTEM.
UM, AND THEN IN ADDITION TO THAT, WE ALSO, I LIKE TO POINT OUT OUR, UM, TEAM OF ANALYSTS AND ECONOMISTS.
SO, AND OUR JOURNALISTS 'CAUSE THEY CURATE WONDERFUL, UM, ANNUAL AND QUARTERLY REPORTING FOR US, WHICH I DO FIND WITH A LOT OF THE EDCS AND OTHER GOVERNING BODIES I WORK WITH TO BE VERY IMPORTANT JUST FOR BENCHMARKING AND TO UNDERSTAND THE FLUCTUATION IN INDUSTRY.
BUT IN YOUR ACTUAL FOOTPRINT, FOR EXAMPLE, WHAT'S THE CHANGE IN RETAIL? YOU KNOW, WHERE DO WE NEED TO FOCUS OUR INCENTIVES? IF WE'RE APPLYING INCENTIVES? THIS IS, THESE ARE THE TEAMS THAT COME THROUGH AND REALLY SHOWCASE THAT INFORMATION FOR OUR USERS.
AND THEN WE ACTUALLY HAVE A CESSNA PLAN.
WE DO HAVE A CESSNA PLANE THAT FLIES AROUND AND, AND TAKES LIVE IMAGERY OF CONSTRUCTION PROJECTS GOING ON IN ALL OF THE MAJOR MARKETS.
HOUSTON BEING ONE OF THOSE MAJOR MARKETS.
AND LASTLY, THE THIRD PARTY DATA FEEDS.
SO FOR A LOT OF THE EDCS, THEY NEED A PLETHORA OF INFORMATION, NOT JUST ON THE C R E LEVEL, BUT HEY, WE NEED TO UNDERSTAND WHAT ARE OUR DEMOGRAPHICS IN RELATION TO THESE BUILDINGS, RIGHT? WHAT ARE OUR TRAFFIC COUNTS SO WE CAN INCENTIVIZE THE RIGHT DEVELOPERS, WHAT ARE THE PROPERTIES THAT MIGHT BE AT RISK? SO WE CAN MAKE SURE TO GET IN FRONT OF THOSE TYPE OF OPPORTUNITIES.
OR, YOU KNOW, DIRECT INVESTORS, HEY, WE'VE GOT THIS TYPE OF PROPERTY.
WELL, WITH PRE QUINN AND INTEX BEING LAYERED IN TO THE COSTAR PLATFORM, THEY'RE ABLE TO ACCESS THAT AS WELL.
SO FROM HERE, DOES ANYONE HAVE QUESTIONS SO FAR? I KNOW I'M GOING A LITTLE FAST.
I, ALRIGHT, SO FROM HERE, THIS IS ACTUALLY THE COSTAR PLATFORM.
SO THEY'LL, THEY WOULD SIMPLY HAVE A USERNAME AND PASSWORD AND THEY'D BE ABLE TO HOP ON AND START THEIR SEARCH, WHATEVER THAT MIGHT LOOK LIKE.
SO JUST A COUPLE OF EXAMPLES, WE'RE GONNA HOP RIGHT OVER TO, UM, FULCHER.
WHEN YOU SAID THEY WOULD BE ABLE TO DO THIS MM-HMM.
BUT TO YOUR, TO YOUR QUESTION, OWNERS, DEVELOPERS, THEY ALSO HAVE COSTAR, SO THEY COULD DO THIS TOO, BUT BOTH SIDES, BUT SPECIFICALLY IN THIS EXAMPLE, UM, SO LET'S SAY ANELLE HAD WANTED TO JUST TAKE A LOOK AT THE FULL C R E FOOTPRINT AND UNDERSTAND WHERE ARE MY TRACKS OF LAND, WHAT DEVELOPMENTS ARE COMING TO MARKET, RIGHT? I JUST WANNA KNOW WHO'S PLAYING IN THE SANDBOX.
SHE CAN SIMPLY COME TO THE LOCATION, SHE CAN TYPE IN FULL SURE.
AND BOOM, RIGHT HERE WE HAVE THE FULL MAP OF THE C R E FOOTPRINT OF SHORE.
NOW FOR OUT OF RESPECT OF YOUR TIME, I'M NOT GONNA TAKE IT ALL OUT, BUT YOU COULD ACTUALLY SEE ALL OF TEXAS, ALL OF HOUSTON.
SO IF THEY WANTED TO BENCHMARK OR UNDERSTAND, LET'S JUST SAY WHO'S DEVELOPING IN TOMBALL, BECAUSE WE WANNA BRING SOME OF THOSE PLAYERS OVER HERE TO FULCHER.
THEY CAN LOOK IN TOMBALL, THEY CAN PULL UP THE RECORDS OF THE OWNERS, OF THE DEVELOPERS AND FACILITATE THOSE CONVERSATIONS, RIGHT? UM, BUT JUST FOR, FOR TIME, I'M NOT GONNA PULL ALL OF THAT UP.
UM, SO FROM HERE, LET'S GO AHEAD AND JUST DIVE IN TO A SPECIFIC PROPERTY TYPE.
NOW, AS I MENTIONED, YOU CAN SEARCH JUST BY SHORE, BUT YOU CAN SAY 1, 2, 3 MAIN STREET.
WHAT WE'RE GONNA LOOK AT IS THE RETAIL FOOTPRINT.
OKAY? SO I'M JUST GONNA SELECT, HEY, LET'S TAKE A LOOK AT RETAIL.
WHAT IS OUR RETAIL FOOTPRINT IN SHORE CURRENTLY? SO WE HAVE A TOTAL OF 60 PROPERTIES AND YOU HAVE THIS, UH, GREAT CAROUSEL OF ALL THOSE PROPERTIES.
AND THESE ARE GONNA CON, UM, CONSIST OF ALL PROPERTY TYPES, EXISTING, PROPOSED UNDER CONSTRUCTION, RENOVATED
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EVERYTHING.SO WE'LL GO AHEAD AND GO INTO, I THINK THIS ONE IS NEXT DOOR.
SO WITH EVERY PROPERTY YOU'LL HAVE A FULL PROPERTY SUMMARY CARD.
AND THIS IS, UM, A BIG PART OF WHAT OUR RESEARCH TEAM HELPS TO CURATE, RIGHT? SO OUR RESEARCH TEAM, THEY HAVE THE RELATIONSHIP WITH THE BROKER AND THE DEVELOPERS OF THIS PROPERTY AND THEY HAVE THE CONVERSATIONS AND ARE ABLE TO GET THE INSIGHT TO WHAT'S BEING BUILT, YOU KNOW, WHAT THE IMAGERY LOOKS LIKE, AND, UM, TOTAL SQUARE FOOTAGE OWNERSHIP GROUP.
AND THAT'S WHAT WE'RE DELIVERING HERE TO THE END USER.
SO Y'ALL WOULD HAVE FULL ACCESS TO ALL OF WHAT WE'RE SEEING HERE.
SO ON THE LEFT SIDE, EVERYTHING RELEVANT TO THE BUILDING, INCLUDING THAT OWNER.
AND THEN ON THE RIGHT YOU'LL HAVE EVERYTHING MARKET-WISE, INCLUDING THE DEMOGRAPHIC INFORMATION RELEVANT TO THIS PROPERTY, 1, 3 20 MILES.
SO YOU CAN UNDERSTAND WHAT THAT TRAFFIC LOOKS LIKE.
WHAT'S THE DIFFERENCE BETWEEN WHAT YOU'RE SHOWING US AND WHAT WE COULD GET FROM LOOPNET? JUST THE PUBLIC SITE? ABSOLUTELY.
SO LOOPNET IS GOING TO BE YOUR ADVERTISING ARM.
YOU GO TO LOOPNET AS A TENANT TO FIND SPACE AS A COMMERCIAL REAL ESTATE PROFESSIONAL OR GOVERNING BODY, YOU COME TO COSTAR TO GET EVERYTHING ELSE, RIGHT? NONE OF THIS IS AVAILABLE ON LOOPNET.
ONLY ADVERTISING IS AVAILABLE.
SO YOU'RE SEEING, FOR EXAMPLE, THIS IS LOOPNET, THIS IS AN ADVERTISEMENT OF THE SAME BUILDING.
SO YOU GO HERE AND IT'S FOCUSED ON THE RETAIL SPACE, THE QUICK HIGHLIGHTS, YOU SEE THE DIFFERENCE MM-HMM.
WE'RE NOT GONNA BE COMPARING THE OVERALL FOOTPRINT OF RETAIL.
AND FULL SHARE IS NONE OF THAT'S AVAILABLE.
SO IF WE GO LIKE RIGHT HERE, SO ALL OF THESE TABS ACROSS THE TOP, THESE ARE ALL LIVE AND THEY ALL HAVE INFORMATION.
SO LET'S JUST GO TO DEMOGRAPHICS.
SO YOU CAN SET BASED ON, WE'LL TAKE OUT 10 MILE, I THINK THAT'S A LITTLE, THAT'S A BIT IN EXCESS.
SO YOU CAN SET THE DEMOGRAPHICS BASED ON THE PROPERTY AND PULL ALL OF THIS INFORMATION AND ALL OF THESE, ALL OF THESE CHARTS ARE AVAILABLE AND THEY CAN TAKE THEM OUT, PRESENTATION READY IF THEY NEED TO PRINT A REPORT OUT AND THEY CAN HAND IT TO DEVELOPER, THEY CAN PROVIDE IT TO YOU, RIGHT? IN ANY TYPE OF MEETING.
SO LET'S JUST SAY, TOMMY, YOU SAID YOU'RE A DEVELOPER AND YOU HAVE INTEREST IN RE AND YOU'RE LIKE, HEY ANELLE, WHAT'S AVAILABLE? AND ANELLE SAYS, WHAT ARE YOU INTERESTED IN? AND YOU GIVE HER FIVE PARAMETERS.
I WANT AN, I WANT LAND WHERE I CAN BUILD INDUSTRIAL AND THREE OTHERS, RIGHT? SHE CAN COME INTO COSTAR, SHE CAN ALSO SET THOSE PARAMETERS RIGHT HERE UP AT THE TOP USING THE FILTER.
I MEAN, WE COULD GO INTO THIS FOR HOURS.
UM, BUT SHE COULD GO RIGHT OVER TO FILTERS AND SHE CAN TELL COSTAR EVERY PARAMETER THAT YOU GIVE HER AND THEN SHE CAN PROVIDE YOU WITH THAT LIST.
WHAT HAPPENS A LOT WITH EDCS IS THAT THEY'RE ALSO RESPONSIBLE FOR BEAUTIFICATION PROJECTS, RIGHT? AND Y'ALL JUST MIGHT NEED TO KNOW THE OWNER AND AN OWNER COULD HAVE CHANGED ONE MONTH TO THE NEXT AND THEN SHE DOESN'T HAVE THAT INFORMATION.
SO NOW SHE CAN SAY, I NEED TO KNOW WHO OWNS 1, 2, 3 MAIN STREET.
SHE CAN COME INTO COSTAR AND SAY, 1, 2, 3 MAIN STREET AND THEN GOES INTO ONE THROUGH MAIN 1, 2, 3 MAIN STREET PROPERTY CARD AND PULL THE CONTACT INFORMATION.
SO I'LL SHOW YOU THAT RIGHT HERE.
SO WE GO BACK INTO THE PROPERTY SUMMARY CARD CONTACT INFORMATION, AND WE HAVE THE TRUE OWNER ALONG WITH THE PHONE NUMBERS, CELL PHONE, EMAIL.
SO NOW SHE DOESN'T HAVE TO GO AND DO A WHOLE LOT OF ADDITIONAL WORK.
'CAUSE TIME, TIME IS VERY VALUABLE,
UM, AND THESE ARE JUST SOME OF THE WAYS WE'RE REALLY, WE'RE NOT GOING INTO EVERYTHING RIGHT NOW, BUT THESE ARE SOME OF THE WAYS, UM, DID THAT ANSWER YOUR QUESTION? YES, YES.
THAT'S, UM, REALLY, UM, HAS A LOT OF DATA THAT YOU PULL THROUGH THAT
[00:15:01]
SO WE WERE LOOKING AT THE CAROUSEL VIEW, BUT EVEN IF WE WANTED TO COME AND SAY, OKAY, WHO ARE ALL THE OWNERS WHO OWNS PROPERTY IN SRE? HERE ARE ALL OF THE OWNERS OF RETAIL SPACE IN SRE, RIGHT? AND THEN WITH THEIR RESPECTIVE CONTACT INFORMATION RIGHT HERE, RIGHT? THAT'S JUST TO KNOW WHO'S PLAYING IN THE SANDBOX, RIGHT? AND AGAIN, YOU COULD RUN THIS SEARCH IN TOMBALL OR CONROE AND, AND DO THAT THAT WAY.SO THESE ARE THINGS THAT I COME OUT AND WE SIT DOWN, WE HAVE LUNCH AND WE DO THESE DIFFERENT REPORTS.
AND REBECCA, I WANNA DO DA, DA DA.
UM, ONE COUPLE OTHER ITEMS WE WANTED TO COVER.
SO THIS IS PROBABLY JUST MYSELF.
UM, SO
WHAT DO WE NEED TO FOCUS ON? WHAT DO WE NEED TO INCENTIVIZE? AND COSTAR CAN GIVE YOU A REALLY GREAT VIEW INTO THAT PER ASSET CLASS.
SO WE STILL ARE ON RETAIL, BUT YOU COULD SAY, SHOW ME INDUSTRIAL, GIMME AN IDEA OF MY INDUSTRIAL FOOTPRINT AND WHO'S ENTERED THE MARKET AND WHAT'S ENTERED THE MARKET.
SO THIS IS A WAY OF DOING THAT TYPE OF ANALYSIS, WHICH HAYDEN AND I WENT THROUGH.
UM, HE WAS VERY EXCITED SEEING THIS.
UH, BUT THIS IS AN IDEA OF, YOU KNOW, YOU ALL HAVE GROWN IN TERMS OF YOUR RETAIL FROM 22 TO 23 IN TERM AND, AND YOUR SQUARE FOOTAGE.
AND YOU CAN SEE THAT ALL HERE AND REALLY UNDERSTAND WHAT DO WE NEED TO DO MORE OF? WHAT DO WE NOT NEED MORE OF IN A MATTER OF PROBABLY 30 MINUTES COMPARED TO IT MIGHT TAKE ME THREE WEEKS WITHOUT BEING ABLE TO QUICKLY PULL THIS INFORMATION.
SO I THINK IT'S A TIME EFFICIENCY PLAY FOR THEIR TEAM.
AND THEN WE WANTED TO HOP INTO TENANTS.
UM, I WILL TAKE THE MOMENT TO MENTION ALL OF THESE MODULES HERE AT THE TOP.
THEY ARE LIVE AND THERE'S DIFFERENT INFORMATION AVAILABLE THAT WOULD BE RELEVANT.
BUT WE'RE GONNA JUST FOCUS ON TENANTS AND PROPERTIES HERE TODAY.
SO THE TENANTS MODULE, I MENTIONED THIS EARLIER, IT'S LOT OF FUN.
IT GIVES YOU AN IDEA OF THE TENANT FOOTPRINT, WHO THOSE TENANTS ARE, THEIR CONTACT.
IF YOU WANNA KNOW, WHEN YOU HAVE A TENANT WITH AN EXPIRING LEASE, MAYBE IT'S A BIG TENANT, YOU DON'T WANNA LOSE THEM, YOU MIGHT WANNA BE IN FRONT OF THAT, RIGHT? SO THIS IS ANOTHER WAY OF UNDER QUICKLY UNDERSTANDING THAT.
SO ALL THE DIAMONDS HERE REPRESENT TENANTS.
OKAY? WE'RE GONNA, OF COURSE, WE'RE GONNA COME TO RE AND LET'S GET AN IDEA OF OUR TENANT FOOTPRINT.
SO WE'VE GOT, WE'RE TRACKING 160 TENANTS.
CITY OF SHORE
SO WE ACTUALLY RECENTLY LAUNCHED, OR REVAMPED IS PROBABLY A BETTER TERM, WE REVAMPED THIS TENANT MODULE.
SO WE'RE STILL BUILDING IT OUT AND ADDING NEW TENANTS.
UM, BUT AS YOU CAN SEE HERE, WE TALK ABOUT THE TYPE OF SPACE BEING OCCUPIED BY THE TENANT WHEN THEY MOVED IN, THE TOTAL EMPLOYEES PRICE PER SQUARE FOOT.
AND THEN IT JUST CONTINUES DOWN VERY SIMILAR TO THE PROPERTY SUMMARY CARD FOR THE INDIVIDUAL PROPERTIES, BUT BASED ON A TENANT AND ANYTHING THAT YOU WOULD NEED TO KNOW ABOUT THAT TENANT.
AND I THINK, UM, LAST ABOUT COSTARS, WE WANTED TO MENTION THE RESEARCHERS.
SO WITH EVERY, UM, SUBSCRIPTION COMES A RESEARCHER, RIGHT? I'M THE ACCOUNT MANAGER.
I'M ALWAYS GOING TO BE WORKING IN PERSON WITH YOUR TEAM HERE.
BUT THEY, THEY ALSO HAVE A RESEARCHER, WHICH IS INCREDIBLY IMPORTANT BECAUSE IF THERE IS SOMETHING THAT THEY COULD NOT FIND WITHIN THE COSTAR PLATFORM, THEY HAVE RESOURCE THAT'S OF NO EXTRA CHARGE THAT THEY ARE ABLE TO REACH OUT TO.
SO FOR EXAMPLE, HERE, KENNETH, IF WE HAD A QUESTION, HEY KENNETH, I HAVE AN UH, YOU KNOW, I WANNA KNOW X, Y, AND Z ABOUT THE CITY, COULD YOU PLEASE FIND OUT FOR ME? AND HE WOULD BE GETTING BACK TO US WITH THAT INFORMATION WITHIN 24 HOURS.
PROPERTY LEVEL, TENANT LEVEL, MARKET LEVEL, WHATEVER THEY NEED, THEY HAVE THAT.
SO I KNOW LIKE SALES, WHAT IS IT? SALESFORCE, THEY, THEY CHARGE FOR? CUS LIKE ADDITIONAL SUPPORT'S.
I THINK IT'S KIND OF BACKWARDS, SO I LIKE TO MENTION IT.
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YEAH.SO ANY QUESTIONS ABOUT THE COSTAR PLATFORM? IS THERE, UH, ONE QUICK QUESTION.
THIS, YOU MENTIONED THE SUBSCRIPTION.
IS IT CORPORATE BASED OR IS IT INDIVIDUAL USER BASED? SO THEIR LICENSE WOULD BE INDIVIDUAL BASED.
BUT FOR A CORPORATION IT'S ENTERPRISE PRICING.
IT'S A LITTLE BIT DIFFERENT WITH GOVERNMENT.
YEAH, NO, I WAS JUST CURIOUS
IF YOU, IF ANY OF YOU WANTED ACCESS, THEN YOU WOULD HAVE AN INDIVIDUAL LICENSE AT THE SAME RATE THAT THEIR INDIVIDUAL LICENSE WOULD BE OKAY.
BUT THEY CAN SHARE ANY REPORTS WITH YOU.
UM, PRINTOUTS, ALL THAT WOULD BE ACCESSIBLE.
YEAH, YOU COULD JUST SUBMIT YOUR REQUEST TO US AND WE CAN RUN THE REPORT.
SO HOW DOES THIS DIFFER FROM WHAT YOU GUYS USE NOW? SO THIS WOULD REPLACE, UM, CURRENTLY WHAT WE USE IS WE HAD A SUBSCRIPTION TO SALESFORCE THAT WE KIND OF INHERITED FROM MY PREDECESSOR AND THE, THE STAFF BEFORE US.
UM, WE WERE NEVER ACTUALLY ABLE TO ACCESS WHAT WE PAID FOR FOR THAT WHOLE YEAR.
UM, AND IT'S MADE IT VERY DIFFICULT FOR US TO GET THE INFORMATION WE NEED IN A TIMELY MANNER.
UM, AND THEN WE ALSO HAD A COMMERCIAL REAL ESTATE ADVISOR.
UM, THIS WOULD DO AWAY WITH BOTH OF THOSE.
UH, AND IT WOULD SAVE US A LITTLE UNDER $4,000 A YEAR.
UM, I'M SORRY, THIS IS GONNA SAVE US MONEY.
RELATIVE TO SALESFORCE AND AN EXCEL SHEET.
WE'RE ABLE TO RUN THE RE REPORTS WHEN WE NEED IT AND GET IT QUICKLY.
YEAH, I THINK ANELLE PROBABLY SUMMED THAT UP.
UM, WE HAD A PREVIOUS, UH, ADMINISTRATOR THAT, UH, PLAN TO USE SALESFORCE.
I DON'T THINK WE EVER REALLY USED IT.
UM, AND WE HAD CHANGING OF STAFF AND OTHER, UH, PARAMETERS WITH THE CITY.
UH, SO WE'VE REALLY BEEN LOOKING FOR SOMETHING TO HAVE REAL POWER THAT HELPS US, UM, YOU KNOW, HAVE GREAT DISCUSSIONS WITH POTENTIAL DEVELOPERS OF GREAT PROJECTS, UH, BUT ALSO HELPS US TRACK, YOU KNOW, WHAT'S GOING ON WITHIN THE DEPARTMENT.
SO THIS WOULD BE GREAT IF THIS GETS US OVER THAT HUMP AND TO THAT LEVEL
AND NOW, WHAT WOULD BE, WHAT IS THE PROCESS? UM, 'CAUSE IF THE TWO OF Y'ALL ARE THE ONLY TWO WITH, UM, ACCESS, WHAT DO YOU ANTICIPATE THE PROCESS BEING, UH, DEVELOPERS COMING IN OR PEOPLE FROM THE CITY JUST CONTACTING YOU AND YES, THAT'S USUALLY WHAT HAPPENS NOW IS, UM, WE'LL HAVE SOMEONE REACH OUT VIA EMAIL OR PHONE CALL.
UM, USUALLY IT'S TO ME OR OUR ASSISTANT CITY MANAGER, UM, ZACH.
AND THEN WE SCHEDULE A MEETING WITH THEM, WE, OR RESPOND AN EMAIL AND ASK, OKAY, WHAT INFORMATION ARE THEY NEEDING FROM US? AND THEN GO THROUGH AND DIG, UM, UNTIL WE FIND IT AND SEND IT BACK.
UM, SO THAT PART OF THE PROCESS WOULD STILL BE THE SAME, BUT NOW I COULD JUST LOG ON, UH, AND THEN GET THE REPORT AND SEND IT BACK TO THEM.
YOU SAID YOU'VE TALKED A LOT IN YOUR PRESENTATION ABOUT RESEARCH.
AND IT LOOKS LIKE YOU DO AN OUTSTANDING JOB IN THE PAST RESEARCH AND IN PRESENT WHAT'S OUT THERE? RESEARCH IS BACKWARD LOOKING.
THIS BOARD IS FORWARD-LOOKING.
DO YOU HAVE ANYTHING IN HERE THAT SAYS WHERE YOU COULD GO TO AN NOW AND SAY, HEY, FUL NEEDS TO LOOK AT ANOTHER HOTEL OR A CITY THE SIZE OF RE HAS FOUR HOTELS.
DO YOU HAVE ANY OF THAT KIND OF DIRECTION GIVING AVAILABLE? UM, OUTSIDE OF LIKE HER AND I AND HAYDEN ANALYZING DATA TOGETHER? THE SYSTEM ISN'T GONNA TELL YOU ONE WAY OR THE OTHER, BUT FROM MY PERSPECTIVE IN THE WAY THAT, LET'S TAKE CENTRAL HOUSTON, THE C B D, THEY RUN THE ANALYSIS OF THIS IS WHAT WE HAVE PER SECTOR AND THEN BENCHMARK COMPARED TO THE OTHER NEIGHBORING.
SO LET'S TAKE EAST END AND GREATER HOUSTON PARTNERSHIP AND THEY'LL BENCHMARK IN A COMPARISON TO THEM.
AND THAT'S JUST AN ANALYSIS THAT'S, YOU KNOW, DOING THAT INDEPENDENT ANALYSIS AND PROBABLY BRINGING IT TO Y'ALL LIKE, HEY, THIS IS WHAT WE'RE SEEING, THIS IS WHAT WE THINK WE NEED MORE OF, OR WE, YOU KNOW, NEED
[00:25:01]
TO HALT X.THAT, THAT'S PRETTY MUCH THE BEST, UM, OPTION.
THE OTHER PART THAT I THINK THAT YOU WOULD ACTUALLY REALLY ENJOY, I ALSO ENJOY MORE NUMBERS.
UM, WITHIN COSTAR YOU HAVE ACCESS TO OUR MARKET REPORTS.
AND THIS IS CURATED BY OUR ECONOMIST, RIGHT? SO THEY DO AN ANALYSIS, ARE THEY SAYING, HEY PAUL, THIS IS WHAT YOU NEED TO DO WITH SHORE.
THEY'RE NOT SAYING THAT SPECIFICALLY, BUT THEY ARE CURATING QUARTERLY ABOUT THE CHANGES IN MULTIFAMILY IN OFFICE, YOU KNOW, INDUSTRIAL, WHAT THE PROJECTIONS ARE LOOKING LIKE FOR HOUSTON AND THE HOUSTON SUBMARKETS AS A WHOLE.
SO I DO THINK THAT THERE'S SOME GUIDANCE THERE THAT YOU COULD EXTRACT.
AND I'LL JUST, I'LL JUST PULL THAT UP REAL QUICK HERE SO Y'ALL CAN SEE WHAT EXACTLY WHAT I'M TALKING ABOUT.
SO RIGHT NOW, I, I PULLED IT UP JUST HOUSTON, WE'RE ON OFFICE, OFFICE IS TERRIBLE.
UM, IF WE DIDN'T KNOW THAT, WE NOW KNOW OFFICE IS TERRIBLE RIGHT NOW, BUT THIS IS A FINE EXAMPLE.
UM, SO WE'RE JUST LOOKING AT THE HOUSTON OFFICE MARKET AS A WHOLE AND HERE'S WHAT'S BEEN CURATED BY OUR TEAM, RIGHT? AND THEN YOU GO DOWN AND YOU CAN GET AN IDEA OF VACANCY AND THE AVAILABILITY, THE DEMAND, THE INVENTORY, SALES TRANSACTIONS, YOUR KPIS, EVEN, YOU KNOW, AS A PROJECTION FIVE, 10 YEARS OUT.
THEN YOU CAN GO OVER, I LIKE THIS.
THIS IS WHERE YOU CAN REALLY START TO DIVE IN AND SEE, OKAY, WE WANNA UNDERSTAND, UM, C, B, D, WHAT'S GOING ON SPECIFICALLY IN C B D.
AND THEN WE'LL HAVE THE SAME TYPE OF CURATED CONTENT, CENTRAL BUSINESS DISTRICT
IT'S THE CENTRAL BUSINESS DISTRICT.
UM, SO WHAT I HEARD YOU SAY IN THE FIRST PART OF YOUR ANSWER, UM, WAS WE CAN COMPARE, YOU MENTIONED TEXAS DOES, IS IT NATIONWIDE OR OH YEAH.
AND I DON'T NEED TO, BUT I MEAN RIGHT NOW OUR DATA IS, ESPECIALLY OUR EXCEL SPREADSHEET IS GONNA BE LIMITED TO JUST FULL SURE IN THE E T J, RIGHT? UM, AND YOU KNOW, SO THERE WOULD BE AN OPPORTUNITY I THINK FOR US TO, OR SOMEONE TO, TO PULL THE DATA AND COMPARE MM-HMM.
TO COMMUNITIES THAT COMPARE TO US AND THEN COMPARE EACH OF THOSE TO EACH OTHER AND DEVELOP SOME GOALS ON WHAT WE WOULD LIKE TO PURSUE.
BUT DO YOU HAVE A, UM, MAYBE A CITY THAT YOU CAN THINK OF OR TWO THAT MAYBE WAS SIMILAR TO SHORE AND THAT YOU'RE NOW WORKING WITH THEM AND WHAT KIND OF BENEFITS MAYBE HAVE THEY BEEN ABLE TO REALIZE FROM THIS? OR JUST A SIMILAR CITY THAT WE COULD MAYBE SPEAK WITH THEM AND TALK TO THEM ABOUT HOW IT'S WORKING? SURE.
I MEAN, I COULD GIVE YOU, IT'S NOT, THEY'RE NOT GONNA BE EXACTLY SIMILAR TO BECAUSE ALL YOUR CITIES ARE DIFFERENT.
EVERY CITY, EVERY CITY IS, IS UNIQUE FOR SURE.
AND EVERYONE MAKES SURE, LIKE EVERYONE I WORK WITH, THEY TELL ME THAT REBECCA, WE'RE ALL DIFFERENT.
SO
SO MISSOURI CITY, UM, EAST END, THEY'RE DOING A LOT THAT'S DOWNTOWN.
UM, THEY'RE, THEY'RE REALLY DOING A LOT.
PAT HOW LONG, HOW LONG HAVE YOU BEEN WITH MISSOURI IN MISSOURI CITY? THEY'RE, THEY ACTUALLY RECENTLY JOINED, SO THAT'S WHY I THOUGHT MAYBE THE, THOSE TWO WOULD BE GOOD.
BUT YOU COULD ALSO REACH OUT TO CENTRAL HOUSTON.
THEY'VE BEEN WITH COSTAR FOR A LONG TIME.
CITY EIGHT, PARA LAND, SUGAR LAND.
MAYBE THOSE WOULD BE MORE COMPARABLE.
BUT THIS ACTUALLY REMINDS ME OF AT THE, THE, UH, NOVEMBER MEETING FOR THE MUNICIPAL, UM, GROUP THAT THERE'S A CONFERENCE, UM, TAYLOR, TEXAS THROUGH A, A PRESENTATION ON THEIR BIG SAMSUNG PLANT.
AND ONE OF THE THINGS THEY KEPT ON SAYING WAS THEY WERE ABLE TO MOVE QUICKLY, THEY WERE ABLE TO MOVE QUICKLY AND WITHOUT DATA IN THIS FORMAT, THOSE SORTS OF THINGS.
SO YOU LOOKED AT WHAT, YOU KNOW, YOU'RE TALKING ABOUT WHAT'S FORWARD THINKING, JUST THE DATA AND BEING ABLE TO MOVE ON AN ACTION ON A BUSINESS, BIG, SMALL, WHATEVER.
BUT THE BIGGER, THE MORE THEY NEED THIS SORT OF THING TO BE ABLE TO, UH, TO REACT.
NOW I WANT TO ASK THIS, LIKE THE RELATIONSHIP YOU HAVE WITH HAY AND MS. GUADALUPE IS THE, IS IS THE DATA USER USER FRIENDLY? AND WOULD
[00:30:01]
YOU STILL BE THERE? SAY THEY GOT A PROMOTION AND THEY MOVED UP AND WE HAD TO PUT NEW PEOPLE IN THERE.I COME WITH COSTAR
WELL, WELL I'M JUST SAYING IF NEW PEOPLE WOULD COME AND YEAH.
SO WE WOULDN'T JUST HAVE DATA AND THEN IT WOULDN'T BE ABLE TO BE YOU.
IF, IF I WERE TO LEAVE AND RETIRE TOMORROW, THEN THEY WOULD HAVE ANOTHER REBECCA.
AND IF WE WERE TO NOT BE HERE FOR ANY REASON WITH THAT LICENSE TRANSFER OVER US, THAT'S, OH, I'M SORRY.
THEN THE LICENSE WOULD TRANSFER TO WHOMEVER TAKES OVER.
CAN YOU SPEAK JUST A SECOND ON WHAT KIND OF TRAINING YOU'RE GONNA HAVE AVAILABLE FOR THEM OR THE NEXT PERSON THAT REPLACES? ABSOLUTELY.
SO LUMBE, THEY JUST GOT, THEY, THEY HAVEN'T BEEN IN THEIR ROLE.
THEY'RE BEING PRACTICAL EMOTION ALREADY.
NOW WE'RE TRYING TO GET YOU UP THE LADDER.
HEY, THAT'S HOW RUMORS GET STARTED,
ALRIGHT, SO, UM, THAT'S NOT WHERE I WANTED TO GO.
SO WITHIN THE COSTAR PLATFORM THERE ARE UNLIMITED.
I, I FEEL LIKE THE SCREEN IS NOT, THERE'S LIKE ANOTHER OPTION THAT SHOULD BE OVER HERE, BUT I'M NOT USED TO.
ARE WE IN BINGING? OH, HERE WE GO.
OH, DON'T PUT A MAC IN FRONT OF ME.
I WOULD LITERALLY NOT BE ABLE TO DO ANY OF THIS RIGHT NOW.
SO, UM, I MENTIONED EARLIER THE RESEARCHERS.
SO THE RESEARCHERS, IF FOR WHATEVER REASON THEY CAN'T GET AHOLD OF ME, I'M ON VACATION.
'CAUSE THAT'S PRETTY MUCH THE ONLY TIME I'M OUT OF POCKET.
UM, THE RESEARCHERS, CODY, HE'S ACTUALLY ONE OF OUR MANAGING RESEARCHERS.
AND UM, JUST THE OTHER DAY WE HAD A MEETING TO DIVE INTO MULTI-FAMILY CONCESSIONS, RIGHT? WITH ONE OF OUR DEVELOPERS.
UM, SO THEY'RE ALWAYS AVAILABLE.
THEN THE NEXT WOULD BE THE UNLIMITED TRAININGS THAT, UM, THEY WOULD BOTH HAVE ACCESS TO, WHICH ARE REALLY GREAT.
THEY'RE DAILY, AS Y'ALL CAN SEE HERE ON ANYTHING THAT YOU WANNA KNOW, RIGHT? MULTI-FAMILY FOCUS IN COSTAR, HOW TO USE COSTAR AT A PROSPECT, GENERATING REPORTS, UNDERWRITING, INDU, EVERY TOPIC YOU COULD THINK OF.
WE HAVE TRAININGS THAT THEY CAN JOIN THEM.
IT'S UNLIMITED, RIGHT? AND THEN OF COURSE WITH ME, SO FROM HERE, LIKE ONCE WE GET THEM SIGNED UP, THEN WE DO AN ONBOARDING.
WE SPENT, AND WE TYPICALLY DO A LUNCH AND WE'LL SIT DOWN AND WE'LL SET UP WHAT'S CALLED LIKE A SAVE SEARCH.
SO WE CAN TRACK VARIOUS INDUSTRIES.
LIKE WE WANNA TRACK THE LAND, WE WANNA TRACK INDUSTRY, UH, INDUSTRIAL, RETAIL, ET CETERA.
SO WE WOULD GET THEM ALL UP AND RUNNING.
AND THEN THEY HAVE ME WHENEVER THEY NEED ME.
HEY REBECCA, CAN WE HOP ON A ZOOM CALL? RIGHT? HEY, COULD YOU COME OUT AND HOST A TRAINING WHENEVER, SO WHENEVER THEY NEED ME, THEY HAVE ME ON SPEED DIAL.
AS LONG AS IT'S NOT REALLY AFTER SEVEN O'CLOCK.
'CAUSE I HAVE A BABY
SO, UM, YEAH, THAT'S ON TRAINING, BUT I MEAN, UH, IT LOOKS JUST FAIRLY INTUITIVE.
WE'VE GOT ALL AGES OF USERS OF COSTAR, SO IT HAS TO BE INTUITIVE.
AND NOW ON HAYDEN, WHAT DO YOU NEED FROM US? IF YOU WOULD JUST MAKE A MOTION TO APPROVE AND ALLOW US TO ENTER INTO THE CONTRACT FOR COSTAR AND LOOP LINK.
CAN WE SEE, I KNOW YOU MENTIONED THAT IT'S 4,000 A MONTH CHEAPER.
I WOULD SAVE US, UH, YEAH, A YEAR THOUSAND A YEAR.
BY USING THE, THESE PLATFORMS INSTEAD OF WHAT WE WERE PREVIOUSLY.
SO THIS FITS WITHIN OUR BUDGET? YES, IT DOES.
AND DID, IS THERE A CONTRACT HERE? NO.
AND WE'RE, SO THIS IS, YOU'RE LOOKING FOR A MOTION TO NEGOTIATE A CONTRACT? UH, WE, WE COULD PRESENT, PRESENT, UM, THE PROPOSAL AT OUR NEXT MEETING.
THE, THE PRICING FOR THAT'S A FULL YEAR IS LISTED, UM, ON THE COVER SHEET.
UM, SO COULD WE, UH, IF WE MADE A MOTION, COULD WE JUST HAVE THE CAVEAT THAT OUR LEGAL HAS REVIEWED THAT YES.
AND ENSURE THAT IT COVERS ALL THE CITY REQUIREMENTS.
AND I BELIEVE I HAVE REVIEWED THESE.
ANY HAS OH, YOU HAVE ALREADY AND PROVIDED COMMENTS BACK.
WHAT'S THE, WHAT'S THE TERM LENGTH?
[00:35:01]
UM, IT'S A MONTHLY SUBSCRIPTION FOR ONE YEAR.RIGHT? THAT'S WHAT WE LISTED IT OUT FOR A YEAR.
SO IT'S A MONTHLY SUBSCRIPTION FOR ONE YEAR THAT WE CAN CANCEL AT.
SO YOU WOULD CANCEL 60 DAYS PRIOR TO YOUR RENEWAL PERIOD.
SO I COULD JUST, DO YOU WANT ME TO JUST GO THROUGH ALL OF LIKE THAT WOULD BE GOOD.
SO REAL QUICK BEFORE WE DO THAT, WOULD YOU LIKE ME TO SHOW THEM LOOP LINK? YES.
ALRIGHT, SO, SO WE KNOW WHAT WE'RE TALKING ABOUT, RIGHT? AND WHAT WE'RE MOVING A MOTION ON HERE, THIS IS LOOP LINK.
THE PURPOSE OF LOOP LINK FOR A DISTRICT OR CITI IS TO PROMOTE THE C R E WITHIN YOUR FOOTPRINT.
RIGHT? SO LOOP, LINK, UM, LOOP LINK FALLS UNDER LOOPNET OUR MARKETING ARM.
LOOP LINK IS GOING TO PULL IN ANY PROPERTY, C R E PROPERTY, EVERY ASSET CLASS, UM, THAT IS LISTED ON LOOPNET, RIGHT? AND YOU GET TO CUSTOMIZE IT JUST LIKE WESTCHASE HAS IT CUSTOMIZED HERE, COLOR-WISE.
AND THEN IT'S EMBEDDED RIGHT INTO YOUR WEBSITE.
SO FOR EXAMPLE, A DEVELOPER COMES AND WANTS TO UNDERSTAND THE INCENTIVES, WANTS TO TAKE A LOOK AT WHAT'S GOING ON, WHAT'S AVAILABLE THEY CAN DO.
SO CLICK ON THE PROPERTY AND THEN THEY'RE TAKEN RIGHT TO THE AVAILABLE PROPERTIES AND ALL THE DETAILED INFORMATION ALONG WITH THE, UH, BROKER CONTACT INFORMATION.
YOUR BOUNDARIES ARE GOING TO DEPEND ON WHAT Y'ALL SET THAT TO BE.
THIS IS JUST WHEN I, WHEN WE TYPE IN FULL.
BUT IT, THAT BOUNDARY MIGHT LOOK DIFFERENT.
THIS IS JUST AN EXAMPLE, BUT, UM, IT WOULD PULL IN THESE PROPERTIES, RIGHT? VERY SIMPLE.
THIS IS WAY MORE SIMPLE THAN COSTAR
AND THAT THAT PERSON THAT DOES THAT SEARCH THROUGH OUR WEBSITE IS JUST GETTING THE LOOPNET INFORMATION CORRECT? NOT THE MORE DETAILED, DEEPER ATION.
SO IT'S FREE THE WAY, THINK ABOUT LOOPNET.
IT'S FREE TO SEARCH, RIGHT? FREE TO SEARCH.
YOU PAY FOR THE LISTING, BUT IT'S FREE TO SEARCH.
YOU PAY TO ACCESS COSTAR FREE TO LIST, BUT THAT'S NOT REALLY RELEVANT FOR Y'ALL.
SO COST WISE, ANY QUESTIONS? I'M SORRY ABOUT LOOPNET.
OKAY, SO COST WISE PER LICENSE ON THE COSTAR SIDE IS $430 PER LICENSE.
AND THEN, UM, FOR LOOPNET, THAT'S GONNA BE $395 A MONTH.
BOTH ARE ONE YEAR SUBSCRIPTIONS YOU CAN CANCEL.
THE CANCEL HAS TO BE PUT ON FILE 60 DAYS PRIOR.
THOSE LITTLE DETAILS, SHE AND I WILL SORT THAT OUT HOW WE WANNA HANDLE THAT.
BUT WHAT WOULD TRADITIONALLY OCCUR IS WE WILL HAVE A RENEWAL MEETING.
I TYPICALLY DO THOSE THREE MONTHS PRIOR TO RENEWAL TO MAKE SURE THAT EVERYTHING IS HOW WE WANT IT TO BE.
YOU'RE GETTING THE MOST USE OUT OF YOUR SUBSCRIPTION.
IF FOR SOME REASON YOU'RE NOT, THEN WE'RE GOING TO CANCEL.
RIGHT? 'CAUSE THAT'S NOT GOING TO MAKE SENSE FINANCIALLY FOR YOUR POCKETS.
SO, UM, DID WE COVER THAT? GOOD.
I FIGURED IT WOULD BE A LITTLE BIT MORE BLACK AND WHITE IF I JUST DELIVERED THAT NUMBER FOR YOU.
THAT NUMBER THAT YOU GAVE ABOUT A $4,000 SAVINGS PER YEAR, IS THAT FOR TWO OF YOU'D HAVE LICENSE OR JUST ONE? IT WOULD BE ONE LICENSE.
SO WITH THE PRESENTED FUND AND THE, THE AMOUNTS HERE, IS THAT HOW MANY LICENSES THAT FOR THE $9,900? THAT'S ONE LICENSE? ONE.
SO YOU NEED A MOTION, UH, FROM THE A BOARD TO AUTHORIZE THE DIRECTOR TO ENTER INTO AN AGREEMENT AND SECURE COSTAR AND LOOP LINK.
DO I HEAR A MOTION FROM THE A BOARD I WILL MOTION, UH, TO DO EXACTLY.
[00:40:01]
A ONE YEAR TERM? FOR A ONE YEAR TERM.FOR ONE YEAR TERM, IS THAT ENOUGH TO NEGOTIATE AND FINALIZE? OKAY.
DO I HEAR A SECOND? I'LL SECOND IT.
ANY OTHER COMMENTS, QUESTIONS, DISCUSSION WITH THAT? ALL IN FAVOR? THE AYES HAVE IT FIVE TO ZERO.
I MAKE A MOTION BEFORE WE TAKE A MOTION.
HOW QUICK WOULD WE BE ABLE TO PUT THIS IN PLACE? I THINK WE'RE TRYING TO ROLL OUT THE WEBSITE AROUND THE BEGINNING OF OCTOBER.
IN MY MEETING WITH REBECCA, WE PRETTY MUCH SET A DATE AND START THE TRAINING AND IT CAN BE WITHIN A WEEK.
SO COSTAR, SHE FOR EXAMPLE, WOULD HAVE ACCESS TOMORROW.
WE'LL, WE CAN PROBABLY, I DON'T SEE ANY REASON WE WOULDN'T BE ABLE TO HAVE IT READY.
IT TYPICALLY WILL TAKE TWO WEEKS, BUT WE COULD SIGN ALL OF THAT AND HAVE IT READY TO BE EMBEDDED BY OCTOBER ONE, IF THAT'S THE TIMELINE.
UM, WE JUST, THERE'S LIKE A FULFILLMENT FORM.
SO I WOULD BASICALLY LIGHT A FIRE AND HAVE THEM GET IT TO ME BY TOMORROW.
THAT WAY EVERYTHING'S READY BECAUSE WE JUST NEED TO GET WITH YOUR TECH TEAM AND OUR TECH TEAM AND THE DESIGNERS, THEY NEED TO GET ALL THE COLORS READY, YOU KNOW, THE WHOLE NINE YEARS.
WE'VE BEEN WORKING ON THE WEBSITE A LONG TIME AND IT WOULD BE REALLY GREAT TO HAVE THESE GREAT, GREAT FEATURES.
UH, ON IT WHEN IT'S ROLLED OUT.
SO IS IT OCTOBER ONE OR DO WE HAVE A TIMELINE ON? WELL, THAT'S A GOAL, BUT WE CAN DISCUSS.
FOR THE B BOARD, DO WE HAVE A MOTION? I MAKE A MOTION TO ALLOW A DIRECTOR TO ENTER INTO AGREEMENT FOR COSTAR LOOP LINK FOR A 12 MONTH TERM TO THE VALUE OF $4,950.
DO WE HAVE A SECOND? A SECOND.
MOTIONS HAVE BEEN MADE AND SECONDED.
ANY FURTHER DISCUSSION? ALL THOSE IN FAVOR SAY AYE.
I'LL OPPOSED? THE MOTION CARRIES.
WE LOOK FORWARD TO WORKING VERY CLOSELY WITH YOU AND, UH, ABSOLUTELY.
IT LOOKS LIKE A GREAT, GREAT SYSTEM.
AND IF Y'ALL NEED ANYTHING, I'LL HAND MY CARDS OUT.
I'LL STEP OCCUPYING YOUR STADIUM HERE OR YOUR PODIUM.
ALRIGHT, WELL ANYTHING ELSE ON THAT ITEM? ANELLE? NO, SIR.
[4. Presentation on potential commercial development of EDC-owned property]
FOUR IS PRESENTATION ON POTENTIAL COMMERCIAL DEVELOPMENT OF THE E D C OWNED PROPERTY.AND I'LL LET, UH, NE AND HAYDEN INTRODUCE THAT.
WHILE, UH, HAYDEN HANDLES THE TECH, UM, I WILL GO AHEAD AND INTRODUCE, UH, JONATHAN FROM FIRST HARTFORD REALTY CORPORATION.
UM, WE FIRST MET WITH HIM IN EARLY AUGUST TO DISCUSS POTENTIAL PROPERTIES AVAILABLE HERE IN SHORE.
AND, UM, OUR PROPERTY ACROSS FROM DOWNTOWN MADE THE TOP OF HIS LIST.
AND SO TONIGHT, UM, WE WOULD JUST YIELD TO HIM TO PRESENT HIS IDEAS AND, UM, I THINK HE'S INTERESTED IN GETTING SOME FEEDBACK FROM YOU ALL AND WHAT YOU WOULD LIKE TO SEE ON THE PROPERTY.
AND SO, UM, THIS IS THE PERFECT TIME TO ASK ALL YOUR QUESTIONS AND GET AS MUCH INFORMATION AS POSSIBLE.
SO ADMITTEDLY, THIS IS A LITTLE EARLY IN THE PROCESS FOR US TO BE TAKING THIS TO A PUBLIC FORUM, BUT, UH, GIVEN KIND OF THE UNIQUENESS OF THIS, THIS PROPERTY AND THE SURROUNDING PROPERTIES, UH, WE THOUGHT IT BEST THAT WE APPROACH YOU AND REALLY TRY TO GET AN IDEA ON, YOU KNOW, WHAT, WHAT YOU WANT HERE AND HOW WE CAN KIND OF FURTHER ASSIST THE CITY IN, UH, DEVELOPING THIS OUT AND KIND OF MAKING THE WHOLE THING A SUCCESS.
SO THIS THAT'S DISPLAYED RIGHT NOW IS JUST A CONCEPT SITE PLAN.
SO WE CAN UNDERSTAND, YOU KNOW, HOW MUCH COMMERCIAL WE CAN FIT ON THE PROJECT OVERALL, UH, IT TAKES INTO ACCOUNT THREE PROPERTIES.
THE CITY PROPERTY IS ONLY 3.2 ACRES.
UH, THERE ARE TWO ADJACENT PROPERTIES, ONE OF WHICH IS ABOUT SEVEN AND A HALF, AND ANOTHER ONE, WHICH IS ABOUT 0.65.
SO FOLLOWING OUR MEETING WITH THE CITY, WE WERE INTERESTED IN PURSUING THE CITY LOCATION HERE.
WE MET WITH THE OTHER ADJACENT LANDOWNERS.
UH, EACH ONE HAS ITS OWN PERSPECTIVE ON WHAT SHOULD ULTIMATELY BE DEVELOPED HERE.
SO IT'S OUR GOAL TO TRY AND THREAD THE NEEDLE AND THEN ALSO IN THE END, YOU KNOW, MAKE MONEY AS A DEVELOPER.
SO, UH, WE'RE HERE TO JUST INITIATE THE DISCUSSION TO TRY TO GET SOME, UM, SOLID, YOU KNOW, IDEAS AND CONCEPTS, UH, FROM THE BOARD AND TO UNDERSTAND, YOU KNOW, HOW WE MIGHT, UH, PICK THIS UP AND RUN WITH IT AND ULTIMATELY,
[00:45:01]
UH, DEVELOP A PLAN THAT WE CAN SUBMIT AND, UH, AND ULTIMATELY BUILD.SO I ACTUALLY HAVE THE PLATT AS WELL, WHICH KIND OF GIVES SOME PERSPECTIVE.
HAYDEN, YOU MAY HAVE TO ASSIST ME IN GETTING THERE.
THERE'S A LOT OF THINGS GOING ON.
WELL, SO THIS GIVES YOU SOME PERSPECTIVE.
THE CITY PROPERTY REALLY IS DEAD CENTER.
UM, IT'S, IT'S KIND OF THE CRUCIAL COMPONENT TO THE OVERALL 10 ACRES.
UM, SOME IDEAS THAT HAVE BEEN TOSSED AROUND AS FAR AS USES GO, UH, PRIMARILY COMMUNITY RETAIL.
SO YOU'D BE LOOKING AT RESTAURANTS, UM, YOU KNOW, SMALL OFFICES, UM, YOU KNOW, POTENTIAL BANKS, UM, PHARMACY, ALL, ALL SORTS OF THINGS THAT KIND OF GENERALLY SERVICE THESE COMMUNITIES.
AND AS YOU KNOW, THIS COMMUNITY IS OUTSIDE OF, UH, RE TRACE.
SO THE, UH, OWNERSHIP THERE IS ALSO INTERESTED IN, IN DEVELOPING SOMETHING THAT WOULD BENEFIT, UH, THE RESIDENTS.
SO, UM, AS A COMPANY, IT'S WHAT WE DO A LOT OF.
UM, WE'VE BEEN IN THE BUSINESS SINCE THE 1950S.
WE'VE DONE EVERYTHING FROM SINGLE TENANT DEVELOPMENTS TO, UM, HIGH-RISE OFFICE TOWERS.
SO, UH, WE HAVE A LOT OF EXPERIENCE IN ALL THOSE FIELDS, BUT WHAT WE DO A LOT OF NOW IS COMMUNITY RETAIL.
UM, IT'S BEEN A GOOD FIT FOR US IN TEXAS AND WE'VE DONE IT ACROSS HOUSTON, AUSTIN AND, UH, D F W.
UM, SO, UM, I DIDN'T BRING A, A MASSIVE PRESENTATION OR ANYTHING YET.
UH, WE'RE, AGAIN, WE'RE LOOKING FOR, UM, SOME INPUT FROM, UM, STAFF TO HELP US, YOU KNOW, NAVIGATE THIS INITIAL STEP.
AND, UH, ULTIMATELY WE'D LIKE TO, YOU KNOW, TALK ABOUT ACQUIRING THIS PROPERTY AND THE ADJACENT PROPERTIES IN ORDER TO, UH, COME UP WITH COMMERCIAL DEVELOPMENT.
I'LL, MAYBE I'LL START OFF WITH A COUPLE OF GENERAL COMMENTS.
I DON'T KNOW IF YOU'RE FAMILIAR WITH THE HISTORY OF HOW THE EDCS OBTAINED THE LAND OR IF YOU'VE BEEN BRIEFED ON THAT.
BUT THIS WAS THE FORMER CITY HALL PROPERTY.
AND SO WE WORKED QUITE, UM, LABORIOUSLY AND IN MUCH DETAIL WITH OUR MAYOR AND THE CITY COUNCIL AND THE STAFF, UM, A COUPLE OF YEARS AGO TO PURCHASE THAT PROPERTY.
AND SO WE ACTUALLY WE'RE A SEPARATE BOARD, BUT EVERYTHING THAT WE DO HAS TO GO BEFORE THE CITY COUNCIL IF WE'RE TALKING ABOUT, YOU KNOW, ENTERING INTO AGREEMENTS OR, AND THEY HAD REALLY HIGH EXPECTATIONS FOR THIS PROPERTY.
SO I'D JUST LIKE TO PUT THAT OUT THERE MAYBE AT THE VERY TOP OF EVERYTHING.
UM, YOU KNOW, I THINK WE HAVE TO BE VERY, UM, SCRUTINIZING AND JUDICIOUS ON POTENTIAL PROJECTS FOR THIS.
UH, SINCE THIS IS THE FIRST PROPERTY THAT THE EDCS HAVE EVER PURCHASED, WE PURCHASED IT FROM THE CITY AND THEY STILL HAVE TO APPROVE OUR PROJECTS.
UM, AND SO I JUST WANT YOU TO BE AWARE OF THAT AS WE'RE GONNA BE LOOKING FOR SOMETHING THAT WILL HOPEFULLY EXCEED THE EXPECTATIONS OF THE MAYOR AND THE CITY COUNCIL AND OUR COMMUNITY BECAUSE, YOU KNOW, THEIR WANTS AND DESIRES ARE BASED ON OUR COMMUNITY.
I DON'T KNOW IF YOU HAD A CHANCE TO READ OUR, UH, STRATEGIC ECONOMIC DEVELOPMENT PLAN.
AND I THINK IF YOU LOOK THROUGH THAT, HOPEFULLY YOU CAN, YOU KNOW, I DON'T KNOW THAT, YOU KNOW, I WANNA SAY WELL PUT EXACTLY THAT HERE AND EXACTLY THAT THERE, BECAUSE I MAY BE SHORTSIGHTED.
THERE MAY BE SOMETHING MUCH GREATER THAN MY MIND CAN PUT TOGETHER.
BUT I THINK IF YOU LOOK AT, UH, OUR, UH, ECONOMIC DEVELOPMENT PLAN WAS A LOT OF COMMUNITY INPUT ABOUT STRATEGIC INVESTMENTS, UH, TRANSFORMATIVE PROJECTS, UM, YOU KNOW, THINGS THAT MAYBE ARE NOT, YOU SEE ON EVERY OTHER, UH, IN OTHER, EVERY OTHER RETAIL CENTER.
AND SO MAYBE I'LL JUST USE THAT AS A LITTLE BIT OF OPENING COMMENTS FOR ME AND I WOULD OPEN IT UP TO THE OTHER BOARD MEMBERS TO GET YOUR FEEDBACK AS WELL.
UM, I'M PERSONALLY INVESTED IN WHAT GOES ON ON THIS CORNER AS WELL AS ANOTHER BOARD MEMBER.
UM, I'M HYPER VIGILANT ABOUT THE FENCE LINE, UM, THAT BACKS UP TO MY NEIGHBORS.
UM, THAT'S SOMETHING THAT I, WHEN THE, BEFORE THIS, UH, PROPERTY WAS AWARDED, THE NIGHT THAT IT WAS AWARDED WITH CITY COUNCIL, I STOOD AND SPOKE AND, UM, BASICALLY ASKED THAT IT BE AWARDED TO WHO WAS GONNA BE RESPONSIBLE, UM, WITH THE FENCE LINE THAT THEY SHARE WITH MY NEIGHBORS.
UM, IT'S ONE OF THOSE THINGS IF YOU, IF YOU BUY PROPERTY AND IT'S BLANK PROPERTY BEHIND YOU, YOU KNOW, IT CAN POSSIBLY ALWAYS BE SOMETHING.
UM, BUT THOSE NEIGHBORS ALONG THAT FENCE LINE WEREN'T EXPECTING
[00:50:01]
UM, SO ALTHOUGH I AM OBVIOUSLY IN SUPPORT OF COMMERCIAL, UM, THE SPECIFIC TYPE OF COMMERCIAL THAT SHARES THEIR FENCE LINE IS, IS REALLY VALUABLE TO ME.
UM, THE LIGHTING, THE TRAFFIC, UM, WHETHER IT'S LATE NIGHT TRAFFIC, UM, PRIVACY, YOU KNOW, HOW MANY STORIES THE BUILDINGS ARE.
UM, THOSE WERE ALL SOME THINGS THAT I PUT ON MY LIST AS I SPOKE TO COUNSEL THAT NIGHT.
AND SO THAT WAS BEFORE I SAT ON THE E D C.
SO NOW I'M IN A SPECIAL, I'M IN A SPECIAL PLACE, BUT I DO HAVE TO ADHERE TO THAT TOO.
SO THAT'S JUST, UM, THAT'S SOME INPUT.
AS FAR AS, UM, WHERE I'M COMING FROM, I'M REALLY, UM, VERY PROTECTIVE OF MY NEIGHBORS ON THE FENCE LINE.
AND I'M THE OTHER BOARD MEMBER THAT LIVES IN THE NEIGHBORHOOD WITH JEN.
UM, AND I WOULD SAY JUST FROM OUR AREA, A Q S R I FEEL LIKE WOULD HAVE A HARD TIME GOING IN THIS SPACE.
I KNOW THAT THIS IS JUST A RENDERING, UM, BUT ALSO FROM MY EXPERIENCE WITH QSRS, 'CAUSE MY WIFE AND I OWN ONE, THE TRAFFIC THAT THAT DRAWS, IT'S GREAT FOR THE CITY, BUT UNDERSTANDING WHAT I DO, THIS CORNER ISN'T NECESSARILY THE BEST CORNER FOR Q S R.
UM, ESPECIALLY WITH THE, THE EXPANSION THAT'S COMING AND THE WATER PLANT MOVING AND THAT WHOLE INTERSECTION BECOMING LARGER AS 3 59 NORTH AND SOUTHBOUND CHANGE GOING THROUGH RE ABOVE IT ON THE NORTH SIDE, THE TRAFFIC IN THIS IS GOING TO, IT'S GONNA BE DIFFICULT NO MATTER HOW WE SPIN IT NO MATTER WHAT GOES IN THERE.
UM, AND I AGREE WITH JEN AND WITH THE ELEVATION OF IT, BECAUSE THIS SITS HIGHER THAN ALL OF THOSE HOMES DO.
SO THE, YOU KNOW, ANY SECOND STORY THERE IS GONNA BE LOOKING DIRECTLY INTO YARDS.
UM, SO I WOULD CAUTION US ON ANYTHING ABOVE TWO STORIES JUST BECAUSE IT, I MEAN, THEN EVERYBODY LOSES PRIVACY.
I'M A LITTLE BIT MORE CONCERNED BECAUSE MY HOUSE IS ON THIS PICTURE HERE, SO I'M ON THAT FENCE LINE AGAIN.
THIS SITE PLAN IS JUST CONCEPT, IT'S REALLY JUST FOR SCALE TO UNDERSTAND, YOU KNOW, HOW BIG THE PROPERTY IS RELATIVE TO, YOU KNOW, TYPICAL COMMERCIAL USES.
UM, BUT I HEAR YOU ALL THESE CONCERNS ARE VERY COMMON.
UM, YOU KNOW, NOT SOMETHING WE HAVEN'T DEALT WITH BEFORE.
UH, I CAN JUST TELL YOU WE CAN'T HIT A MOVING TARGET.
SO THAT'S WHY I'M HERE TO TRY TO UNDERSTAND AND DEVELOP AN IDEA OF WHAT YOU KNOW WOULD BE ACCEPTABLE AND HOW WE THEN, UM, APPROACH, UH, YOU GUYS WITH A PLAN THAT WORKS.
SO YOU ULTIMATELY REPRESENTING THE OTHER, UM, SITE OWNERS, WE VISITED WITH THEM.
UM, AGAIN, THIS IS THE CRUCIAL PART.
SO WITHOUT THE BUY-IN OF THE CITY ON THIS PIECE OF PROPERTY, UM, WE'RE NOT GOING TO PURSUE THE OTHERS.
UM, SO THIS IS KIND OF STEP ONE.
AND THIS RENDERING THAT YOU'VE PRODUCED HERE IS IN LINE WITH WHAT THE OTHERS HAVE SPOKEN TO OR ABOUT AT LEAST ONE? UH, YES.
THE, THE LARGER, UH, LANDOWNER WHO IS THE DEVELOPER OF FULLER TRACE, UM, HE WANTED TO SEE COMMUNITY RETAIL.
SO I THINK WHAT YOU SEE, YOU KNOW, YOU SEE MULTIPLE SIT DOWN RESTAURANTS, UM, YOU SEE A PHARMACY, A RETAIL PHARMACY, AND YOU SEE A BANK.
UM, SO THOSE ARE KIND OF YOUR MOST TYPICAL, UH, COMMUNITY USES.
AND WHAT IS Q S R? I DON'T, I'M NOT FAMILIAR AT QUICK SERVICE RESTAURANT.
I HAVE JUST A QUESTION THAT'S NOT DIRECTLY RELATED.
I KNOW WE'RE IN EARLY STAGES, BUT DID WE EVER HEAR BACK ON THAT LITTLE POSSIBLE STRIP OF, OF LAND WE MIGHT POSSIBLY RECAPTURE SINCE THEY REVAMPED? UH, NO MA'AM.
WE HAVE NOT HEARD BACK FROM TXDOT.
WHEN I, WHEN I LOOK AT THE, THE RENDERING HERE AND COMPARE IT TO OUR STRATEGIC PLAN, OUR STRATEGIC PLAN, WE'D LIKE SPACES THAT ARE WALKABLE.
UM, SOMEONE CAN PARK AND GO VISIT THREE OR FOUR DIFFERENT PLACES.
AND WHEN I LOOK AT THIS, I SEE A LOT OF DETENTION AND A LOT OF PARKING.
WE DON'T KNOW ANYTHING ABOUT THE DETENTION REQUIREMENTS HERE YET.
UH, THE CITY TRACK IS LIKELY THE ONLY ONE THAT REQUIRES US TO DETAIN.
UH, THE OTHERS ARE ALREADY DETAINED ELSEWHERE.
UM, SO TOTALLY CONCEPT, BUT THERE WILL HAVE TO BE SOME DETENTION ON SITE.
AND TYPICALLY WHAT WE DO IS WE TRY TO AMENITIZE THAT IN A WAY THAT PEOPLE CAN WALK AROUND IT, YOU LANDSCAPE IT APPROPRIATELY, SOMETIMES IT'S A WET POND, UM, YOU KNOW, WHATEVER KINDA THE DEVELOPMENT CALLS FOR I'M RIGHT IN SAYING THAT.
AM AM I RIGHT IN SAYING THOUGH THAT ANYTHING UNDER THE FIVE ACRES DOES NOT REQUIRE DETENTION? I'M SORRY, REPEAT THAT.
AM I RIGHT IN SAYING I'M JUST THINKING OF OUR PROPERTY THAT WE CURRENTLY OWN? MM-HMM.
[00:55:01]
SORRY.UH, THE, UH, I, I DID SPEAK WITH IT DOES NOT, IT, IT WILL, I KNOW THE ANSWER TO THIS
YES, IT REQUIRES ATTENTION, BUT WHAT'S PICTURED THERE IS MUCH LARGER THAN WHAT IT WOULD NEED.
UM, AND I'M JUST MAKING THAT STATEMENT AFTER REVIEWING THIS WITH OUR ASSISTANT CITY MANAGER.
YEAH, I THINK ANY TYPE OF DEVELOPMENT, YOU WOULD HAVE TO DO SOME DUE DILIGENCE TO ENSURE THAT, BECAUSE AGAIN, WE HAVE SOMEONE THAT LIVES PROBABLY ON THE DOWN SLOPE OF THIS.
UH, SO WE WOULD HAVE TO MAKE SURE WE PROTECTED IT FROM ALL DRAINAGE REQUIREMENTS.
UM, WHETHER THE CITY HAS A SPECIFIC REQUIREMENT OR NOT, YOU, A DEVELOPMENT STILL HAS TO ENSURE THAT THEY DON'T IMPACT ANY ADJACENT PROPERTIES.
SO, SO WHAT ARE YOU, WHAT ARE YOU LOOKING, UH, TO US FOR? WELL, ADDITIONAL FEEDBACK AND A WAY TO GET STARTED.
UM, YOU KNOW, SOME IDEAS HAVE BEEN THROWN OUT, BUT NOTHING CONCRETE, UH, A WAY FORWARD.
SO, UM, IF THE BOARD HAS TO MEET AND PUT TOGETHER, UM, SOME SORT OF, UM, REQUIREMENTS BY WHICH WE'D HAVE TO ADHERE IN ORDER TO, UH, ACQUIRE THE CITY'S, UH, PIECE OF PROPERTY, UM, THAT'S, THAT'S KIND OF STEP ONE.
UM, THE GOAL WOULD BE TO ANNEX INTO FULL SHEAR TRACE.
SO TO HERE THEY'RE ALL, TO ALL THEIR ARCHITECTURAL STANDARDS AND COLORS AND, UH, DEVELOPMENT REQUIREMENTS.
JONATHAN, AND YOU ARE LOOKING, YOU WOULD BE LOOKING TO PURCHASE THE PROPERTY, UM, WITH THOSE CONDITIONS SET FORWARD? CORRECT? YEAH.
AGAIN, JUST TO AVOID A MOVING TARGET.
SO JUST TO BE CLEAR, JUST IN ALL, IN ALL HONESTY, JUST THIS WAS THE FIRST PIECE OF PROPERTY WE PURCHASED, SO, AND WE HAVEN'T SOLD ANY PROPERTY EITHER, SO THAT'S WHY YOU'RE PROBABLY GONNA GET A TON OF QUESTIONS, UM, BECAUSE WE WANNA MAKE SURE WE DID THIS RIGHT.
AND THAT, YOU KNOW, WE CAN ENSURE THAT THE CITY LEADERS TRUST US TO CONTINUE THESE TYPES OF PROCESSES IN THE FUTURE.
SO WE DON'T AN ANTICIPATE THIS HAPPENING OVERNIGHT,
UM, SO IS BROOK ON FRERE CREEK THE SAME THING AS ULSTER TRACE? BECAUSE YOU KEEP REFERENCING FOLSTER TRACE.
I WAS JUST TRYING TO UNDERSTAND.
UM, AND IT, IT IS DIFFICULT BECAUSE YOU, WE HAVE A RENDERING, SO WE'RE GONNA LOOK AT THE RENDERING.
UM, SO I MEAN, AS LONG AS YOU'RE MEETING OUR REQUIREMENTS, DID YOU GET ANYTHING FROM THE OTHER PROPERTY OWNER THAT YOU'RE ALLOWED TO SHARE WITH WHAT THEY WANTED TO SEE ON THEIR PIECE OF PROPERTY? UM, WE PRESENTED THIS AND THEY WERE OKAY WITH THIS.
UM, SO THAT'S, YOU KNOW, ENOUGH TO AT LEAST MOVE THE BALL FORWARD.
BUT AGAIN, IT MUST MEET THEIR ARCHITECTURAL CONTROLS, THEIR COLORS, THEIR DEVELOPMENT GUIDELINES.
SO ONE OF THE THINGS I STRUGGLE WITH, WE'VE, AS TOMMY SAID, IS, YOU KNOW, THERE'S BEEN A LOT OF TALK ABOUT WHAT THE CITY WOULD LIKE TO SEE ON THIS, ON THIS CORNER.
UM, YOU KNOW, TO SELL THE PROPERTY, YOU KNOW, YOU, YOU ARE ALMOST LOSING LEVERAGE OVER THE WHAT YOU CAN CONTROL AND WHAT GETS PUT ON THAT CORNER.
UM, THAT'S THE BIT I'M A LITTLE BIT UNCOMFORTABLE WITH, YOU KNOW, BECAUSE WE'VE, A LOT OF PEOPLE HAVE COME BACK AND SAID, YES, OKAY, IT'LL BE GREAT TO SEE THIS, IT'LL BE GREAT TO SEE THAT, YOU KNOW, WE SELL THE PROPERTY TO YOU GUYS, YOU KNOW, THE, ALL THE PROPERTIES GET SOLD TO YOU GUYS.
AT THAT POINT, WE LOSE LEVERAGE ON WHAT GETS ACTUALLY PLACED ON THAT CORNER TO A CERTAIN DEGREE.
AGAIN, WE'RE LOOKING TO ENTER INTO AN AGREEMENT THAT WOULD ESTABLISH, UH, HOPEFULLY, UH, WHAT THE LIMITS ARE.
SO WE WOULD HAVE SOME FORM OF SAY SO OF WHAT GETS PLACED ON THAT CORNER.
WHAT WOULD, AND I THINK BRIAN ALSO, I THINK BRIAN BROUGHT OUT A GOOD POINT ABOUT, YOU KNOW, JUST THE, YOU KNOW, SOMETIMES YOU DRIVE INTO A SPOT, AND I KNOW THIS IS, YOU'RE RENDERING, BUT IT'S LIKE A LITTLE POT HERE WITH JUST PARKING LOTS AROUND IT, A POT HERE WITH PARKING LOTS AROUND IT.
AND YOU KNOW, IF YOU, YOU'VE BEEN TO PLACES WHERE YOU GET OUT, YOU KIND OF ARE WALKING UP TO MAYBE MORE GROUPS OF THINGS WHERE IT'S, IT'S, UH, YOU HAVE MORE OF A COMFORTABLE FEEL.
IT'S, UH, I'M AN ENGINEER, SO I'M NOT AN ARCHITECT, SO I DON'T HAVE ALL THE, I'M PROBABLY MORE LIKE GONNA DESIGN IT LIKE YOU HAVE SHOWN IT, BUT WE WANT SOMETHING THAT'S, UM, REALLY HAVE MUCH MORE OF A HOMETOWN FEELING THAN, UM, JUST SOMETHING THAT'S LIKE A STERILE PIECE OF CONCRETE OUT THERE THAT'S FUNCTIONAL, I GUESS.
I DON'T KNOW IF THAT TAKE THAT FOR WHAT IT'S WORTH.
I I, AND AGAIN, I UNDERSTAND THIS IS CONCEPT, BUT YOU'VE GOT A BANK IN HERE AND YOU'VE GOT A DAYCARE IN HERE.
WE WANT TO SEE THE DOLLARS AND IF WE, AND IF YOU
[01:00:01]
CAN STICK TO THE MOST OF IT BE RETAIL, I THINK YOU'RE GONNA GET FURTHER APPROVAL HERE.ANYBODY CAN CHIME IN IF YOU CAN JUST TAKE THAT LABEL OFF AND PUT SOMETHING ELSE ON IT, YOU KNOW, AND I UNDERSTAND.
MY QUESTION THEN IS I MULTIPLE BUILDINGS, BIG SITE, AND YOU'VE DONE THIS BEFORE.
DO YOU GO IN AND YOU BUILD THAT IN STAGES OR DO YOU JUST HIT THE WHOLE THING AT ONCE? UH, TYPICALLY THE SITE WORK AND INFRASTRUCTURE IS DONE ALL AT ONCE.
AND THEN AS YOUR, YOU KNOW, LEASING PROGRESSES, UH, THAT IS PHASED AS THE USERS ARE READY TO DEVELOP.
SO WE'D LIKE TO DO IT ALL AT ONCE.
UH, BUT SOMETIMES SO YOU FIND A USER AND THEN YOU BUILD THE BUILDING? YEAH.
AND AGAIN, SOME OF THE, THE ISSUES HERE WITH A LOT OF PARKING, SIT DOWN, RESTAURANTS, YOU KNOW, ARE, ARE HEAVY ON PARKING.
THAT'S KIND OF THE UNFORTUNATE REALITY.
SO, UH, YOU SEE TWO OF THESE HERE, AND THEY'RE PARKED, I BELIEVE 10 PER THOUSAND, WHICH IS SUBSTANTIAL.
UM, AND SOME OF THE OTHER USES A LITTLE BIT LESS SO.
BUT, UM, FORTUNATELY WITH THAT TYPE OF USE, IT'S HARD TO AVOID KIND OF SOME OF THOSE DETAILS.
WOULD WE HAVE, UM, I, I MEAN I GUESS I'M, I'M GUESSING THE ANSWER IS YES, BUT I'D LIKE TO BE ABLE TO KNOW THAT WE HAVE A LOT OF INPUT AS FAR AS LANDSCAPING GOES AND AS FAR AS LEAVING, THERE'S A LOT OF REALLY BEAUTIFUL MATURE TREES ON THAT LOT, UM, THAT I WOULD PERSONALLY LIKE.
I MEAN, OBVIOUSLY I'M CONCERNED ABOUT RETAIL AS WE ALL ARE, BUT I'M ALSO A, THAT'S A PRIME CORNER IN THE MIDDLE OF OUR TOWN AND I'D REALLY LIKE TO NOT MOW DOWN THE MAGNOLIA TREES AND THINGS LIKE THAT, THAT SIT ON THAT PROPERTY.
SO I'D LIKE TO KNOW THAT WE HAVE SOME INPUT IN THAT REGARD.
UM, MY OTHER QUESTION WAS HOW MUCH, IF THE DEVELOPER, IF THE DEVELOPER OF FCCS, IF THEIR EARS ARE PERKED UP, LIKE HOW MUCH INPUT ARE THEY GONNA ALSO HAVE? LIKE, IN OTHER WORDS, ARE WE GONNA FIND OURSELVES IN A PLACE WHERE WE'VE GOT A LOT OF CHIEFS IN THE TEEPEE AND EVERYBODY'S GOT AN OPINION? AND THAT COULD BE DIFFICULT? IT CAN BE DIFFICULT.
HOPEFULLY, UH, WITH SOME CITY'S INPUT WE CAN PUT TOGETHER A PLAN THAT MIGHT RECEIVE, YOU KNOW, MORE COLLECTIVE FEEDBACK.
WHAT IS YOUR PREFERRED TIMEFRAME WITH THE THOUGHT THAT YOU'RE WORKING WITH THE CITY FOR THESE APPROVALS? WHAT, WHAT IS YOUR PREFERRED TIMEFRAME? UM, YOU KNOW, THE SOONER, THE BETTER AS FAR AS WE'RE CONCERNED.
UM, YOU KNOW, WE CAN'T PREDICT THE FUTURE, BUT WE THINK RIGHT NOW, UH, WE CAN DEVELOP A PRETTY NICE PRODUCT HERE.
SO THIS IS NOT A PURCHASE AND WORK IT OUT TYPE THING.
THIS IS A, NO, THIS IS NOT A PURCHASE AND HAUL, THIS IS A PURCHASE AND, AND GET GOING ON IT.
WOULD YOU HAVE MAYBE ANOTHER DEVELOPMENT OR TWO THAT YOU COULD SHARE WITH US? AND IF YOU DON'T HAVE TO DO IT NOW, BUT SEND IT TO ANELLE AND HAYDEN AND SURE.
SO THAT MAYBE WE COULD JUST LOOK AT IT TO SEE THE TYPE OF WORK THAT YOU'VE DONE ELSEWHERE.
I MIGHT BE FABRICATING THIS IN MY BRAIN, BUT IT'S SOMEWHERE IN THERE ROLLING AROUND.
IT SAYS THAT ONCE WE SELL IT TO 'EM, THEY HAVE TO DEVELOP IT WITHIN A CERTAIN AMOUNT OF TIME.
WE WOULD HAVE TO GO BACK AND JUST REREAD THE DEEDED THAT WE HAVE WITH THE, THE CITY.
I THINK IT'S A, I THINK IT'S A TEXAS REGULATION.
THERE HAS TO, I THINK WITHIN A CERTAIN AMOUNT OF TIME, IT HAS TO BE, YOU HAVE TO ACTIVELY DEVELOP IT.
WE CAN TAKE A LOOK, JUST SIT ON IT.
WE CAN TAKE A LOOK AT THE DEEDED AND GET BACK WITH Y'ALL.
I, I THINK WE HAVE TO DESIGNATE A PROJECT IN A CERTAIN AMOUNT OF TIME.
THERE WAS A PROJECT DESIGNATION, THERE WAS SOMETHING, THERE WAS SOME TIME LIMIT.
I, THEY'LL TAKE IT AND THEY'LL FIGURE IT OUT.
THEY'LL, IT SOUNDS LIKE, UM, EVERYONE JUST FEELS A STRONG SENSE OF DUTY TO HONOR THE WORK THAT WAS DONE, UM, IN THE RESEARCH THAT WAS CONDUCTED IN COLLECTING THE FEEDBACK FROM THE COMMUNITY FOR THE STRATEGIC PLAN AND, UM, WHAT, WHAT THE COMMUNITY REALLY WANTS AND JUST HONORING THAT.
UM, GOING FORWARD WITH A DEVELOPMENT THAT REALLY SPEAKS TO WHAT WE'RE WANTING THE FUTURE OF RE TO LOOK LIKE.
UM, WE HAVE PLACED AN EXECUTIVE SESSION FOLLOWING THIS ITEM.
IF YOU ALL, UM, HAVE THOUGHTS THAT YOU WOULD LIKE TO SHARE, UH, IN THAT CONTEXT.
UM, IF YOU HAVE ANY OTHER QUESTIONS FOR JONATHAN, FEEL FREE TO ASK THEM NOW, OR YOU CAN ALWAYS SEND THEM TO US AND, UM, WE CAN FORWARD THAT TO HIM AND REPORT BACK TO YOU AS WELL.
ONE THING JUST TO NOTE THERE, I MEAN, AND MORE, MORE CLARITY.
OBVIOUSLY WE'VE DONE A LOT OF WORK WITH A RETAIL COACH AND THERE'S A LOT OF RESULTS THERE, YOU KNOW, BASED ON DEMOGRAPHIC, BASED ON WISHES.
DOES THAT INFORMA, CAN THAT INFORMATION GET TRANSFERRED ACROSS ONCE YOU COME UP WITH A FLOP, I MEAN, SITE PLAN? MM-HMM.
BECAUSE I MEAN, A LOT OF THAT WORK, WHAT YOU'RE ASKING FOR, HAS ALREADY BEEN DONE.
I MEAN, WE USE THAT ON A DAILY BASIS, SO WE HAVE A PRETTY GOOD IDEA OF WHAT THE DEMAND WOULD BE OUT HERE FOR A LOT OF THESE INDIVIDUAL USES.
YEAH, I'M I'M TALKING ABOUT APPROACHING
[01:05:01]
SPECIFIC RESTAURANTS, BUSINESSES THEY BROUGHT THAT APPROACHES ALREADY BEEN MADE.WELL, I WOULD, UH, LIKE TO THANK YOU FOR YOUR INTEREST IN FULCHER, UH, CHER'S GROWING RAPIDLY AS YOU'RE WELL AWARE.
I KNOW THAT'S, YOU KNOW, PART OF THE REASON YOU'RE HERE.
UM, BUT, YOU KNOW, WE HAVE AN OPPORTUNITY TO INFLUENCE, UH, THIS PIECE OF PROPERTY AND WE APPRECIATE YOU, UM, APPROACHING US AND ASKING US QUESTIONS.
WE MAY NOT HAVE ALL THE ANSWERS, BUT WE WILL, I THINK COMMIT TO, UH, GETTING OUR HEADS TOGETHER, TALKING TO OUR COMMUNITY, AND ENSURING THAT WE GIVE YOU THE BEST FEEDBACK THAT WE CAN.
AND IT'S, IT'S BEEN A VERY RECEPTIVE STAFF SO FAR.
SO WE'RE, YOU KNOW, WE'RE VERY EAGER TO, TO TRY TO DO SOMETHING HERE.
UH, DID ANYONE NEED, WANT TO HAVE ANY FURTHER DISCUSSION IN EXECUTIVE SESSION? I JUST WANTED TO NOTE THAT ON OUR PICTURE THERE, THAT LOWER U-TURN, I DON'T KNOW IF IT WAS CLOSED BY THE DEVELOPER BY THE CITY, BUT IT'S NO LONGER THERE.
SO EGRESS FROM THIS FURTHER SOUTH ONE WOULD BE FORCED INTO THE NEIGHBORHOOD TO U-TURN FURTHER SOUTH.
UM, BECAUSE THAT U-TURN IS NO LONGER THERE BECAUSE, I MEAN, I KNOW THE COMMUNITY COMPLAINED ABOUT IT BECAUSE LIKE BIG TRUCKS WERE JUST TEARING IT ALL UP TRYING TO U-TURN THERE BECAUSE THEY REALIZED, OH WAIT, I'M NOT SUPPOSED TO BE ON THIS ROAD.
WE'RE SO WE'RE NOT GONNA, WE'RE MAKING A DECISION TO ENTER EXECUTIVE SESSION OR NOT, IS THAT RIGHT? WE'RE JUST ASKING IF THERE FEEL THERE'S A NEED TO HAVE ANY FURTHER DISCUSSION IN EXECUTIVE SESSION CONCERNING THE FIRST HEARTFORD REALTY PRESENTATION.
WE'VE GOT A GOOD SENSE OF WHAT YOU'RE LOOKING FOR AND YES, WE'LL DROP SOMETHING OF WHAT IT WOULD TAKE FOR YOU TO CONSIDER.
AND THEN IF THERE'S ANYTHING MISSING YOU, PLEASE LET US KNOW.
[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. ]
SEVEN ON THE AGENDA.ECONOMIC DEVELOPMENT REPORT, BRIEFINGS OR UPDATES FROM ANELLE AND HAYDEN.
UH, THE ACTIVITY OVERVIEW FIRST WITH OUR E D C WEBSITE.
UM, ITEM 11 ON THE AGENDA IS, UM, THE LAST PIECE OF YOUR APPROVAL THAT WE NEED TO MOVE FORWARD.
AND WE ARE AIMING, UH, FOR AN OCTOBER 1ST LAUNCH.
UM, I THINK THAT'S A LITTLE AMBITIOUS.
SO I THINK BETWEEN OCTOBER 1ST AND OCTOBER 15TH, UM, WE SHOULD HAVE ALL OF OUR MATERIALS ON THERE.
UM, I'M GONNA SAY OCTOBER 15TH TO MAKE SURE REBECCA HAS ENOUGH TIME AS WELL TO, TO JUST LAUNCH IT AS COMPLETELY AS POSSIBLE.
UM, SO THAT'S, THAT'S THE UPDATE ON OUR WEBSITE.
UM, NUMBER TWO, UH, HAYDEN AND I DID ATTEND THE TA C B B CONFERENCE.
UM, THAT'S THE, UM, TEXAS ASSOCIATION OF CONVENTIONS AND VISITORS BUREAUS.
AND, UM, THERE WAS SO MUCH THAT WE LEARNED, AND I THINK IT'S BEST SUMMED UP IN SAYING THAT IT LIT A FIRE UNDER US TO, UH, PURSUE A HOTEL AND GET THAT TO FULL SHARE AS SOON AS POSSIBLE SO THAT WE CAN START BENEFITING FROM, UM, THAT HOTEL OCCUPANCY TAX.
AND IT ALSO JUST REALLY HIGHLIGHTED THE IMPORTANCE OF PLACEMAKING.
UM, AND WE'VE BEEN HAVING THE CONVERSATIONS WITH YOU ON JUST DIFFERENT IDEAS, UM, THAT WE'RE TRYING TO WORK THROUGH TO HELP, UM, JUST ESTABLISH A REAL SENSE OF PLACE HERE IN SHORE AND, UM, HONOR THE HISTORY THAT THAT IS HERE IN A WAY THAT'S VISIBLE TO THE COMMUNITY.
FOR, UH, NUMBER THREE, YOU HAVE ALL REQUESTED, UH, AN UPDATE ON THE HARRIS STREET PROJECT AND I'VE INVITED OUR ASSISTANT DIRECTOR OF PUBLIC WORKS, TIFFANY SAUTER, UM, TO GIVE YOU ALL A BRIEF UPDATE ON THAT.
AS ANELLE SAID, MY NAME IS TIFFANY SAUTER AND I'M WITH THE PUBLIC WORKS TEAM.
UM, THE HARRIS STREET PROJECT IS MOVING THROUGH DESIGN.
UH, WE RE RECENTLY, AS LAST WEEK, RECEIVED A COUPLE OF VARIATIONS AND OPTIONS OF HOW TO, UM, BEST PRESENT THAT PROJECT AND MAKE SURE THAT IT IS WHAT IS GREAT FOR THE COMMUNITY FOR THAT AREA, AND SERVE THE NEEDS FOR THAT PROJECT.
UM, THE CITY WILL BE VETTING THOSE OPTIONS AND REVIEWING AND MAKING A DECISION ON THE PATH FORWARD FOR THAT.
[01:10:01]
UM, WE ARE WORKING CLOSELY WITH THAT DESIGN TEAM.UM, ONCE WE FINALIZE THAT, WE DO ANTICIPATE, UM, THAT WE WOULD HOPEFULLY BE ABLE TO START CONSTRUCTION, UM, IN THE SECOND QUARTER OF 2024.
THAT IS CONTINGENT ON, UM, SOME TEXT O PARAMETERS.
IF THERE ARE THINGS THAT DO HAVE TO GO TO TEXT DOT FOR REVIEW AND APPROVAL, UM, THAT COULD IMPACT THE SCHEDULE.
BUT AS OF RIGHT NOW, THAT IS WHAT WE ARE ANTICIPATING.
WHAT, UM, WHY WOULD TAU HAVE TO GET INVOLVED IF, UM, ANY OF THE DRAINAGE IMPACTS THEIR, UM, LINES THAT WE WOULD, THAT THE WATER WOULD RUN INTO, THEN THEY WOULD POTENTIALLY HAVE TO REVIEW THAT AND ENSURE THAT THEY ARE GOOD WITH WHAT WE PLAN IF IT HAS TO GO THAT ROUTE.
SO DO WE, DO WE HAVE A DRAINAGE PLAN? THE, WITHIN THE PROJECT? THERE ARE A COUPLE OF OPTIONS THAT WE ARE LOOKING AT OF HOW THE WATER WOULD BE DETAINED.
SO THERE WAS A LITTLE BIT OF, UM, WHEN THE DESIGN FIRM, UM, ORIGINALLY BEGAN THE DESIGN AND PRESENTED SOME THINGS AT 30%, THERE WAS SOME THINGS THAT THEY HAD NOT, NOT, UM, WORKED OUT WITH THE WALLACE STREET PROJECT AND THERE'S SOME SCHEDULE DIFFERENCES THERE.
SO BECAUSE HARRIS IS MOVING ALONG FASTER THAN WALLACE IS, UM, THEY'RE LOOKING AT HOW WE CAN BEST ENSURE THAT WE SERVE THAT PROJECT BEFORE WALLACE.
SO, BUT THE HARRIS PROJECT IS EVENTUALLY GONNA GO AS PART OF THE WALLACE STREET DRAINAGE PROJECT.
THERE ARE, UM, THERE ARE OVERLAPPING AREAS.
UM, I'M NOT AN ENGINEER, SO I DON'T HAVE ALL OF THOSE, AND I DON'T KNOW EXACTLY WHAT YOU'RE RESPONSIBLE TO KNOW.
SO THERE ARE DRAINAGE COMPONENTS WITHIN N HARRIS THAT DO THAT IN THE FUTURE.
W UH, WALLACE WILL, WILL, WILL TAKE, IT'LL, YES.
I THINK YOU SAID THAT VERY CORRECTLY.
SO,
IS THIS STILL A SHOVEL-READY PROJECT? WE BELIEVE THAT, UM, BASED OFF OF THE OPTIONS THAT WE HAVE, ONCE WE MAKE A DECISION ON WHAT IS THE BEST, BEST PATH FORWARD, WE BELIEVE THAT, UM, WE WILL BE ABLE TO PROCEED THAT ONCE WE MAKE A DECISION, THEY HAVE SOME FINAL DESIGN THINGS TO FINALIZE AND THEN DESIGN WOULD BE COMPLETED.
UM, ALL OF THAT TAKES A FEW MONTHS, YOU KNOW, FINALIZING DESIGN AND THEN GOING INTO BID PHASE AND THEN BEING ABLE TO KICK OFF ON START CONSTRUCTION.
YEAH, AND I THINK THE PREMISE OF THAT BEING SHOVEL READY WAS, UH, HARRIS STREET IS BEING DESIGNED PRIMARILY WITHIN THE EXISTING RIGHT OF WAY, WHEREAS WALLACE STREET, THERE'S SOME ADDITIONAL PROPERTY THAT'S NEEDED FOR PORTIONS OF THAT, AND THAT ALWAYS TAKES LONGER.
THAT REQUIRES A FEW MORE UTILITY ADJUSTMENTS AND ALL THOSE THINGS WILL STRETCH THAT SCHEDULE OUT A LITTLE BIT BEYOND HARRIS STREET.
THE ORIGINAL, UH, DESIGN COMPLETION DATE WAS OCTOBER, CORRECT? UH, I, THAT MAY HAVE BEEN BEFORE TIFFANY JOINED, UH, THE CITY.
SO I DON'T, I HAVE, I'VE ONLY BEEN HERE SINCE, UH, THE VERY END OF JANUARY, 1ST OF FEBRUARY.
BUT, UM, I UNDERSTOOD, I DO BELIEVE THAT THEIR ORIGINAL DESIGN WAS BASED OFF OF SOME RECENT CORRESPONDENCE WITH THE DESIGN TEAM, THAT IT WAS ABOUT THAT TIME OF OCTOBER.
UM, AND SO WE ARE VERY CLOSE TO THAT, BUT THEY, THERE IS A LITTLE BIT OF A DELAY.
SO AT SOME POINT WE'RE GONNA HAVE TO CIRCLE THE WAGONS BACK AROUND MAKING SURE THAT THE DES WHAT WAS PUT FORWARD IS THE CURRENT DESIGN FITS WITHIN WHAT WE'VE APPROVED.
I DON'T WANNA GET TO THE POINT WHERE WE'RE SUDDENLY TOO FAR DOWN THE ROAD AND SUDDENLY HAVE TO COME BACK AND ASK FOR MORE MONEY.
SO WHERE, WHERE DO WE STAND WITH REGARDS THAT STATE, THAT STEP THERE, UNDERSTANDING WHAT YOU ARE CURRENTLY DESIGNING OF WHAT YOU'VE JUST MENTIONED THERE, AND HOW THAT FITS WITHIN THE CURRENT, THE CURRENT ESTIMATE THAT IS APPROVED.
SO WE, UM, DO HAVE SOME COST ESTIMATES WITH THE OPTIONS THAT THE CITY WILL BE VETTING, UM, THOSE COSTS.
WHEN YOU SAY THE CITY, WE APPROVED THE BUD, WE APPROVED THE FUNDS, NOT THE CITY.
YES, SIR LEE, THIS IS PART OF THE E D C REPORT.
SO WE'RE NOT, NOT ABLE TO GET INTO ALL THE DETAILS OF THE DISCUSSION, BUT WE CAN ADD IT AS AN ITEM AND GET INTO THE DETAILS AT OUR NEXT MONTH'S MEETING.
'CAUSE WHAT I WAS GONNA GO ON AND SAY IS ONCE WE ACTUALLY GO THROUGH AND, AND THE DESIGN IS COMPLETE AND WE FROZE, UNDERSTAND THE ESTIMATES, THEN LIKE TO SEE REPORTS WITH KPIS, COST, PERFORMANCE INDEX, AND ALL OF THE, LIKE, TO SEE, ENSURE HOW WE TRACK ON TRACK THROUGH THE PROJECT SO THAT WE DIDN'T SUDDENLY SPIKE AT THE END AND GO OVER BUDGET.
[01:15:03]
SO THE DESIGN PHASE, ONCE WE FINALIZE THE DESIGN PHASE, THEN THE, UH, IT GOES OUT FOR A PUBLIC BID.AND AT THAT POINT WE WOULD KNOW THE PRICE, THE FINALIZED PRICE.
UM, BUT WE DO HAVE SOME ROUGH COST ESTIMATES OF WHERE WE ARE LOOKING AT WITHIN THE PARAMETERS OF THE VARIOUS OPTIONS THAT THE DESIGN TEAM HAS SUBMITTED TO THE CITY.
BUT WE ALSO FIT IN WITH, I MEAN, WE HAVE BUDGETED AMOUNT YES.
THOSE OPTIONS MAY BE CURTAILED TO FIT WITHIN THE COST.
WE DON'T FIT THE COST, WE DON'T FIT THE OPTION AND THEN COME IN WITH A COST AFTERWARDS.
IT'S CUT BEFORE THE HORSE, YOU KNOW, I MEAN, WE, LIKE I SAID, WE'VE APPROVED A FUND.
WE LOOK AT THE OPTIONS AND SEE WHAT FITS WITHIN THE BUDGET.
I THINK, UH, LET'S, IF WE LET ANELLE WORK WITH TIFFANY ON, YOU KNOW, ANY OF THE POTENTIAL FUNDING CHANGES FOR US OR, AND THEN ANELLE CAN BRING THAT BACK TO US AND IF IT'S ANYTHING SIGNIFICANT, YOU COULD SUGGEST A FUTURE AGENDA ITEM.
AND WE, WE WILL GET TO THIS, AND I THINK WE GET TO THIS, UH, BUT NEXT MONTH WE'LL BE HAVING TWO DIFFERENT BOARD MEETINGS, BUT THIS PROJECT IS A 50 50.
SO THIS WILL BE AN AGENDA ITEM ON BOTH BOARDS, CORRECT? THAT IS CORRECT, YES.
THANK YOU FOR BEING HERE, TIFFANY.
THE NEXT ITEM ON THE REPORT IS A RETAIL COACH UPDATE, AND I WILL LET HAYDEN TAKE IT AWAY.
YOU GUYS WILL SEE THE, UM, THE LATEST UPDATE FROM FROM AARON AT THE RETAIL COACH.
UM, HE'S BEEN PRETTY BUSY, UM, THE PAST FEW WEEKS FOLLOWING RETAIL LIVE IN AUSTIN.
UM, IF YOU'LL NOTICE ON THERE, THERE'S BEEN SEVERAL WITH POTENTIAL GROCERS OTHER THAN, UH, OUR MYSTERIOUS H E B.
UM, SO HOPEFULLY WE'LL GET SOMETHING THAT THAT CAN BE NAILED DOWN.
UM, KIND OF SERVICING THE 3 59 SIDE OF, UH, OF TOWN, UM, AWAY FROM FUTURE H E B AND THE EXISTING.
UM, IN ADDITION, UM, AARON ALSO HIGHLIGHTED A COUPLE, UM, POTENTIAL BUSINESSES.
WE HAD DISCUSSED CVA, UM, IN THE PAST, UM, BUT BOTH CAVA AND H T O, UM, OR NARROWING DOWN FINALIZED LOCATIONS, UH, AROUND TOWN.
SO WE SHOULD HEAR PRETTY SOON, UH, WHERE THEY'VE LANDED ON.
UM, AND IN, AND IN ADDITION TO THOSE, UM, YOU KNOW, AARON'S ALWAYS REACHING OUT AND PLUGGING US IN.
WE HAVE A, A SCHEDULED MEETING ABOUT EVERY TWO WEEKS THAT WE KIND OF DISCUSS, UM, OUR GOALS AND, UH, SEND OUT MARCHING ORDERS TO, UH, PEOPLE THAT WE WOULD LIKE TO HAVE COME TO TOWN.
UM, UNDER MISCELLANEOUS UPDATES, UM, I JUST HAVE, UH, FOUR ITEMS. THE FIRST IS WE ARE SCHEDULED TO TAKE A TOUR OF THE CANON, UH, TOMORROW.
SO, UH, HAYDEN AND I WILL BE KIND OF REVIEWING AGAIN THEIR PROPOSED CONTRACT AND MAKING SURE WE GET ALL OF OUR QUESTIONS ANSWERED TO BRING THAT BACK TO YOU AT THE NEXT MEETING.
I THINK, UH, UH, NEITHER OF US HAVE VISITED, SO THIS WILL BE THE FIRST TIME TO REALLY GET AN IDEA OF WHAT WE'RE WORKING TOWARDS IF WE ARE TO LAUNCH, UM, YOU KNOW, THE, THE VIRTUAL OPTION FOR THIS FIRST YEAR.
UM, SO WE'RE LOOKING FORWARD TO THAT.
UH, SECOND, UH, WE ARE SCHEDULED TO ATTEND THE T E D C CONFERENCE IN HOUSTON, OCTOBER 11TH, UH, THROUGH THE 13TH.
SO WE'LL REPORT BACK TO YOU ALL WITH, UM, ANY VALUABLE INFORMATION THAT WE LEARNED THERE, WHICH I'M SURE WILL BE, UM, SIGNIFICANT.
AND THEN, UH, FOR UPDATE THREE, I DID ACTUALLY HEAR BACK FROM RAMONA RIGHT BEFORE THE END OF THE BUSINESS DAY TODAY, UH, RAMONA WITH THE RE FARMER'S MARKET, UH, AND SHE'S REPORTING THAT THEY'VE SEEN AN UPTICK IN VISITORS, UM, IN THE LAST FEW WEEKS AS A RESULT OF THE LIVE MUSIC AND ENTERTAINMENT THAT IS, UM, THAT YOU ALL FUNDED.
AND THEY ACTUALLY INSTALLED THE PLANTER BOXES, UH, THIS WEEK, AND NOW SHE'S JUST WAITING FOR IRRIGATION TO BE FINALIZED SO THAT THEY CAN GO AHEAD AND PLANT THE VINES.
SO THEY'RE, UM, VERY APPRECIATIVE AND JUST ALREADY SEEING THE FRUIT OF YOUR INVESTMENT AND HOW IT'S IMPACTING, UM, THOSE VENDORS AT THE FARMER MAR FARMER'S MARKET.
SHE IS REQUESTING, UM, TO COME BACK TO YOU ALL THIS NEXT MONTH AND, UM, REQUEST FOR THE CONTINUED FUNDING OF THAT LIVE MUSIC.
UH, IF YOU REMEMBER, YOU, UH, EACH FUNDED $150, UM, PER WEEKEND THAT THE FARMER'S MARKET IS OPERATING, UM, FOR A TOTAL OF $300 FOR, UH, LIVE MUSIC OR ENTERTAINMENT DURING, DURING THAT TIME.
UM, SO THAT WOULD BE THE SAME REQUEST.
THE OTHER, UM, THAT YOU HAD APPROVED WAS THE 7,000, WAS IT 7,500,
[01:20:02]
7,500, UH, DOLLARS FOR THE PLANTERS AND ALL OF THAT.SO THAT WAS JUST A ONE TIME REQUEST.
UM, I THINK AT THE TIME SHE CAME TO THE MEETING, WE WERE NEARING THE END OF THE FISCAL YEAR, SO WE APPROVED, YOU KNOW, FROM THE DAY OF THE AGREEMENT TO THE END.
AND THEN, UM, SHE'S JUST REQUESTING THAT Y'ALL WOULD CONSIDER, UM, HEARING FROM HER AGAIN AND FUNDING THAT FOR THIS NEXT YEAR.
UM, SO I'LL LEAVE THAT UP TO YOU, UH, IF YOU'D LIKE TO ADD THAT ON THE AGENDA THIS COMING MONTH.
AND, UM, LASTLY, OUR SEPARATE BOARD MEETINGS.
HAYDEN SENT OUT THE, UH, SCHEDULED MEETINGS AND THE DATES THAT THEY FALL UNDER.
AS A REMINDER, A BOARD YOU WOULD MOVE UP TO THE SECOND MONDAY OF THE MONTH AT 6:00 PM AND BE BORED.
YOU WOULD STAY ON OUR CURRENT SCHEDULE THE THIRD MONDAY OF EVERY MONTH GOING FORWARD.
AND I I, OH, YES, BRIAN DID RESPOND.
AND DID, UH, LET US KNOW, OCTOBER 9TH IS COLUMBUS DAY.
UM, SO WE KNOW THAT FALLS ON A HOLIDAY FOR SOME OF YOU.
JUST LET US KNOW IF YOU, IF YOU KNOW AHEAD OF TIME YOU'RE NOT GONNA BE A BOARD OR A BOARD YES.
IF YOU'RE NOT GONNA BE AVAILABLE.
UM, SO THAT WE'LL KNOW IF WE HAVE A QUORUM OR NOT.
AND SO I'M NOT AVAILABLE ON THAT DAY.
UM, DECIDE IF WE NEED TO RESCHEDULE OR NOT.
AND THEN OUR MARCH 11TH FALLS ON, UH, SPRING BREAK.
SO, UH, SAME WITH FOR, FOR BOTH FOR K D D AND LAMAR, L CS D MM-HMM.
IF THERE'S ANY OTHER SCHEDULING CONFLICTS, JUST LET US KNOW AND WE WILL WORK 'EM OUT AHEAD OF TIME.
AND THAT IS ALL I HAVE FOR MY REPORT.
UH, IT'S GREAT TO HEAR ABOUT THE FARMER'S MARKET MOVING AHEAD AND I DON'T KNOW HOW THE MUSICIANS, UH, TOOK IT OUT THERE THE LAST FEW, COUPLE OF MONTHS.
IT'S BEEN SO HOT, SO I GOTTA GIVE 'EM KUDOS FOR THAT.
[8. Consideration and action on financials and payables for the Corporation for the period ending July 31, 2023. ]
ITEM EIGHT IS CONSIDERATION AND ACTION ON FINANCIALS AND PAYABLES FOR THE CORPORATION FOR THE PERIOD ENDING JULY 31ST, 2023.YOU'LL NOTICE, UH, JULY COLLECTIONS WERE UP, UH, 13% FROM THIS TIME LAST YEAR.
UH, AT THIS POINT WE SHOULD BE AT 83.33% OF THE ORIGINAL BUDGET.
WE'RE ACTUALLY SITTING AT 92.87%.
WHY, WHY DO I ALWAYS GET IT A LITTLE BIT OFF? 93.71.
ARE THERE ANY, ANY QUESTIONS FROM THE BOARD ON THE FINANCIALS OR THE PAYABLES? IT'S REALLY GREAT.
UH, SO I THINK THAT'S SHOWS THAT, YOU KNOW, WE'RE GETTING NEW BUSINESSES AND PEOPLE ARE SPENDING MORE MONEY IN FUL.
MOTION'S BEEN MADE AND SECONDED.
ANY FURTHER QUESTIONS OR COMMENTS? ALL THOSE IN FAVOR SAY AYE.
I'LL OPPOSE THE MOTION CARRIES A BOARD.
DO I HEAR A MOTION? I'LL MAKE A MOTION TO APPROVE THE JULY, 2020 THIRD, UH, FINANCIALS AS PRESENTED.
DO I HEAR A SECOND? SECOND? ANY FURTHER DISCUSSION WITH NO DISCUSSION? ALL IN FAVOR? AYE.
[9. Consideration and action on minutes of the Corporation for the August 21, 2023, meeting. ]
NINE, CONSIDERATION AND ACTION ON MINUTES OF THE CORPORATION FOR THE AUGUST 21ST, 2023 MEETING.ANY CONVERSATION THAT WE NEED TO HAVE REGARDING NO COMMENTS FROM US.
I MAKE A MOTION TO APPROVE THE MINUTES AS PRESENTED.
DO I HAVE A SECOND? I'LL SECOND THAT WE HAVE A SECOND.
ANY FURTHER DISCUSSION? ALL IN FAVOR? AYE.
UH, B BOARD I MAKE A MOTION WE APPROVE.
MINUTES OF MEETING FOR THE AUGUST 21ST, 2023 MEETING AS PRESENTED.
SECOND MOTION HAS BEEN MADE AND SECONDED.
ANY COMMENTS? ALL THOSE IN FAVOR SAY AYE.
ALL OPPOSED? THE MOTION CARRIES.
[10. Discussion on a modified CDC/FDC — Fulshear Katy Area Chamber of Commerce MOU for FY24.]
ITEM 10 IS DISCUSSION ON A MODIFIED C D C[01:25:01]
F D C, FULL KATIE AREA CHAMBER OF COMMERCE, M O U FOR FISCAL YEAR 24.UM, LAST MONTH WE CAME TO YOU WITH, UM, JUST AN IDEA OF WHAT WE WOULD LIKE TO DO MOVING FORWARD.
UM, WE HEARD YOUR FEEDBACK AND TODAY I'M JUST PRESENTING A COUPLE OF WAYS THAT, UM, WE'VE BRAINSTORMED A CONTINUED PARTNERSHIP WITH THE CHAMBER.
UM, THIS WAS DISCUSSED BRIEFLY WITH DON.
OUR SCHEDULES DIDN'T ALLOW TO REALLY SIT DOWN AND, UM, WORK OUT ALL OF THE DETAILS TO HAVE AN ACTUAL AGREEMENT DRAFTED, BUT I FIGURED IT WOULD BE GREAT TO PRESENT TO YOU WHAT WE'RE THINKING AND GET YOUR FEEDBACK ON THAT.
AND IF YOU'D LIKE TO SEE ANY OTHER, UM, ADDITIONAL PARTNERSHIPS.
UM, THE FIRST THING WE DISCUSSED IS HAVING, UM, A DESIGNATED BUSINESS ROW OR A BUSINESS LANE, UH, AS PART OF OUR EVENT WHERE THE CHAMBER WOULD BE, UH, GRANTED A MINIMUM OR, AND A MAXIMUM NUMBER OF BOOTHS, WHICH THEY WOULD BE, UM, DIRECTLY RESPONSIBLE FOR RECRUITING, REGISTERING, AND COLLECTING THE FEES FOR DIRECTLY TO THE CHAMBER, UM, IN PARTNERSHIP WITH, UM, THE E D C AND THE CITY AS WE PLAN OUR FUTURE EVENTS.
AND THE SECOND PART, UM, OF IT IS WE ARE EXPLORING THE IDEA THAT, UM, SOME OTHER COMMUNITIES ARE DOING WHERE EDCS ARE PARTNERING WITH THEIR CHAMBER AND GIFTING THE NEW BUSINESS OWNERS FOR THIS COMING FISCAL YEAR, THEIR FIRST YEAR OF MEMBERSHIP WITH THE CHAMBER.
SO WE WOULD SET, UH, A CERTAIN AMOUNT OF MEMBERSHIPS OR A MAX, UH, DOLLAR AMOUNT TO BE SPENT AND SPONSOR, LET'S SAY THE FIRST 20 BUSINESSES THAT OPEN IN THE NEXT FISCAL YEAR.
THEY WOULD HAVE FULL ACCESS TO THE NETWORKING AND RESOURCES THAT THE CHAMBER PROVIDES.
THEY'D GET PLUGGED INTO THE BUSINESS COMMUNITY.
AND, UM, JUST A, A SMALL WAY OF SAYING WELCOME TO, TO RE AND HERE'S WHO WE WOULD LIKE TO CONNECT YOU WITH.
UM, BOTH OF THOSE, I THINK, UH, DON, DON LIKES.
UM, BUT I'LL LET HIM, IF HE HAS ANYTHING HE HE WOULD LIKE TO ADD, DON.
LOOK AT ME ON THE MICROPHONE AGAIN.
THE CHAMBER'S ALWAYS, UH, REALLY INTERESTED IN WORKING CLOSE WITH ANELLE AND THE INNOVATIVE IDEAS.
OF COURSE, WE'RE KNOWN AS THE MOST INNOVATIVE CHAMBER AROUND, I THINK.
UH, I INVITE YOU TO LOOK AT OUR NEW WEBSITE, WHICH IS JUST LAUNCHED STILL WWW FULL CIRCADIA.COM.
BUT WE ALSO HAVE, UH, SOME IDEAS.
UH, IT JUST SO HAPPENS TEXAS CITY, ONE OF MY, MY PEERS, THE PRESIDENT OF TEXAS CITY, HAS ENTERED AN AGREEMENT WITH THEIR E D C AND I SAID, WOW, WHAT A GREAT INNOVATIVE IDEA.
WHEN A NEW BUSINESS MOVES TO THE AREA.
YOU KNOW, THEY'RE ALL ABOUT, YOU KNOW, GETTING ALL THE PLANNING THAT ARE GETTING ALL THE PLATTING OR GETTING ALL THE THINGS DONE TO OPEN A BUSINESS, THE REGULATIONS, THE, THE, THE INSPECTIONS AND ALL THAT.
AND NOW THEY SPENT TIME, MONEY, EFFORT, AND THEY SIT THERE, PUT A SIGN AT THEIR FRONT DOOR, WHERE IS EVERYBODY? THEY DON'T THINK ABOUT THE CHAMBER.
WE TRY TO HIT 'EM AND SAY, JOIN THE CHAMBER.
BUT THEY'VE PROBABLY SPENT A LOT OF FUNDS.
THEY DON'T, UH, EVEN $400 TO BE PART OF A CHAMBER JUST FOR THE FIRST YEAR CAN BE, UH, IMPACTFUL.
UM, YOU KNOW, THE, UH, I THINK THIS IS A GOOD WAY TO TELL A, A BUSINESS WE'RE WE WANT YOU TO BE PART OF IT.
WE WANT YOU TO COME IN AND BE PART OF THE CHAMBER, AND THE CHAMBER WILL GRAB THEM AND, AND TAKE THEM TO ANOTHER, ANOTHER LEVEL IN THE COMMUNITY.
GET THEM ADVERTISED, CONNECTED UP AND BUILD THEIR BUSINESS, WHICH IS WHAT ULTIMATELY GENERATES TAX REVENUE, RIGHT? AND WE WANT 'EM TO STICK AROUND AND HOPEFULLY THEY'LL SEE THE VALUE OF THE CHAMBER IN THE SECOND YEAR.
THEY WILL BE HAPPY TO, UH, RENEW THEIR MEMBERSHIP IN THE CHAMBER.
'CAUSE THEY FIND A GENUINE VALUE IN THAT.
AND THIS IS JUST FOR MEMBERS, UH, CHAMBER BUSINESSES IN THE, UH, IN THE CITY LIMITS, UH, FOR SURE.
UH, WE'RE NOT ASKING FOR ANY MORE THAN THAT.
BUT ALSO, UM, WITH THE CITY TAKING OVER THE EVENTS AND EVERYTHING, UH, CHAMBER IS MOVING ON TO DO SOME OF OUR OWN.
BUT, UH, WE STILL WANNA BE INVOLVED IN THOSE EVENTS IN THE CITY.
UH, WE WANT, WE'RE, WE'RE A PART OF THE, WE'RE PART OF THE FABRIC HERE.
SO, UM, OUR MEMBERS THROUGH, UH, OUR BOARD HAVE, UH, SAID, HEY, IS THERE ANY WAY THAT WE CAN BE PART OF THAT? YOU KNOW, AGAIN, WE LIKE BUILDING, I UNDERSTAND SOME THINGS YOU JUST WANT ART AND THINGS LIKE THAT.
BUT OTHER BUSINESSES, DENTISTS, YOU KNOW, LIKE TO SHOWCASE WHAT THEY DO, THEY HAND OUT THINGS TO THE PUBLIC.
UH, IT'S NICE TO GREET AND GET TO KNOW THE PUBLIC.
AND SO IF WE HAD SORT OF CHAMBER ROW THAT WAS SPONSORED BY MAYBE METHODIST HOSPITAL OR SOMEONE LIKE THAT, AND WE HAD A BANK OF, UH, SPACES THAT WE COULD MANAGE AND HAVE THEM COME OUT AND BE PART OF, WE'RE NOT TALKING FOOD TRUCKS.
SO WE'RE TALKING ACTUAL BUSINESSES THAT DO BUSINESS IN THE AREA.
[01:30:01]
THINK IT'D BE, UH, AWESOME FOR THE PUBLIC TO GO, HEY, I CAN GO DOWN THIS, UH, BUSINESS ROW HERE AND SEE, SEE WHAT OTHER BUSINESSES ARE HERE IN THE, IN THE COMMUNITY.I THINK IT'S A, IT'S A GOOD WIN-WIN AND TO BUILD UP SOME MORE, UH, UM, GOODWILL BETWEEN US AND THE CH AND, AND THE CITY.
I DON'T WANT TO, DON'T WANT TO TURN OUR BACK ON WHAT YOU'RE DOING, YOU KNOW, AND, UH, THAT'S, ANY QUESTIONS ABOUT THAT, JUST LET ME KNOW.
NO, I REALLY APPRECIATE, YOU KNOW, WHAT YOU'VE SAID THIS EVENING.
SO CONTINUING OUR PARTNERSHIP IS WHAT WE INTEND TO DO AND WANT TO DO.
AND I'VE ALWAYS FELT THAT WITH BUSINESSES, YOU KNOW, YOU GO THROUGH RESEARCH ON PROPERTY, BUYING A PROPERTY, DESIGNING A PROPERTY, GOING THROUGH ALL THE PERMITS AND THE FIRE MARSHAL.
AND IT'S LIKE, IF WE COULD JUST SAY, WE'RE GLAD YOU'RE HERE IN SOME WAY, YOU KNOW, A LITTLE WELCOME KIT, BASICALLY.
AND PART OF THAT COULD BE, YOU KNOW, CHAMBER INITIATION INTO THE CHAMBER.
AND THEN, AND THEN IT'S YOUR JOB TO SELL 'EM FROM THERE FORWARD.
AND I THINK IT COULD BE A GREAT WIN-WIN FOR OUR LOCAL BUSINESSES.
WELL, I'VE ALWAYS SAID, I THINK TOMMY, WHEN YOU AND I FIRST WENT TO THE FIRST I C S C DOWN IN, UH, IN DALLAS WITH, UH, CJ AND HE WAS THE MAYOR AND I WAS THE NEW CHAMBER, I SAID, YOU GUYS GO CATCH 'EM.
I'LL CLEAN AND FRY 'EM AND MAKE SURE THEY, EVERYBODY GETS TO KNOW WHO THEY ARE.
SO WE'RE THE MARKETING ARM AND THAT'S WHAT WE WANT TO BE IS THAT HELP LET YOU ATTRACT IT ALL WITH ALL YOUR INCENTIVES AND THINGS LIKE THAT.
AND THEN LET US HELP MARKET THAT BUSINESS THAT'S HERE AND LET PEOPLE KNOW THEY'RE HERE.
SO THANK YOU FOR LETTING ME HAVE A FEW MOMENTS.
ANY QUESTIONS, YOU KNOW, ALL KNOW MY NUMBER.
I DID, UH, CLEAR THIS WITH OUR ATTORNEY AS WELL JUST TO MAKE SURE THAT IT IS, UM, A COST THAT WE CAN TAKE ON AND, UM, WE WOULD BE ABLE TO DO THIS FROM OUR PROMOTION PROMOTIONAL LINE IF WE WERE TO, TO SPONSOR THOSE, UM, BUSINESS MEMBERSHIPS.
AND THEN, UM, THE, THE OTHER COMPONENT OF IT WOULD JUST BE PART OF A DRAFTED AGREEMENT THAT I'LL WORK WITH DAN ON AND, UM, ESTABLISH THAT NUMBER ONCE I HEAR MORE FROM, UM, FROM DAWN ON WHAT, WHAT THAT NUMBER WOULD NEED TO BE TO MAKE IT WORTH IT FOR THEM, UM, AND, AND BENEFIT THE CHAMBER IN A SIGNIFICANT WAY AND JUST POUR BACK INTO OUR COMMUNITY.
SO IF Y'ALL HAVE ANY OTHER IDEAS OR IF YOU JUST WANNA SHARE YOUR GENERAL FEEDBACK ON THESE TWO, I WOULD LOVE TO HEAR FROM YOU SINCE YOU DID MENTION THAT IT WOULD BE PAID OUT OF PROMOTIONAL ITEMS. I KNOW THAT WE BUDGETED, YOU KNOW, I THINK IT'S 10% OF OUR REVENUE TO GO TO PROMOTIONAL ITEMS, BUT OUR COLLECTIONS ARE TRACKING ABOVE THAT.
SO WHEN WE GET TO THE END OF THE YEAR, IF WE COULD DO A RE ACCOUNTING OF THAT TO CAPTURE THAT ADDITIONAL 10% OF WHAT THAT ADDITIONAL REVENUE WAS, AND THEN ADJUST OUR BUDGET ACCORDINGLY THAT WAY.
'CAUSE WE HAVE, YOU KNOW, A LOT OF LIMITATIONS WITH THAT, UH, KEEPING THAT FUND, UM, UH, BUDGETED.
WE ALSO HAVE OUR BUSINESS RETENTION AND DEVELOPMENT, UH, LINE THAT'S $7,500 EACH BOARD.
SO THAT COULD ALSO BE USED, UM, TO TOWARDS THAT.
[11. Consideration and action on the adoption of the Software and Hosting Agreement with Atlas Integrated. ]
11, CONSIDERATION AND ACTION ON THE ADOPTION OF THE SOFTWARE AND HOSTING AGREEMENT WITH LA ATLAS INTEGRATED.OKAY, SO THIS WAS THE AGREEMENT THAT I MENTIONED EARLIER.
UM, IT WOULD HELP US MOVE FORWARD WITH THE LAUNCHING OF OUR WEBSITE ON OCTOBER 1ST.
THIS ACTUALLY SHOULD HAVE BEEN PART OF THE INITIAL AGREEMENT, UM, THAT YOU ALL ENTERED INTO, UM, WHEN THE WEBSITE WAS BEING DEVELOPED.
UM, FOR SOME REASON IT WAS JUST SPLIT INTO A AND B.
UM, BUT BASICALLY, UM, THE AGREEMENT CONSISTS OF AN ANNUAL FEE OF $2,500, WHICH, UM, HAS BEEN BUDGETED FOR.
UH, AND THIS WOULD JUST, UH, BE THE, THE SOFTWARE AND THE DOMAIN HOSTING.
UM, AS WE MOVE FORWARD WITH THAT WEBSITE, MY UNDERSTANDING IS THAT THIS IS A REQUIREMENT.
AND LET'S BE CLEAR, WE DON'T HAVE A WEBSITE WITHOUT A WEBSITE BEING HOSTED.
AND MY, MY PERSONAL EXPERIENCE WITH WEBSITE HOSTING FEEDS IS THAT THIS IS A VERY REASONABLE PRICE.
IS THIS A ROLLING ANNUAL FEE? YES, IT'S AN ANNUAL FEE.
AND I HAVE HAD, UH, DAN REVIEW THE CONTRACT AND, UM, HE DID HAVE US, UH, AT A CLAUSE IN THAT, YOU KNOW, WITHIN 30 DAY NOTICE, WE, UM, CAN CHOOSE TO GO
[01:35:01]
WITH SOMEBODY ELSE OR TERMINATE THAT CONTRACT AFTER, UM, THAT YEAR MAKE A MOTION NOT TO BE BOARD ADOPTION OF THE SOFTWARE HOSTING AGREEMENT WITH ATLAS INTEGRATED.WE, UM, DO Y'ALL HAVE A, CAN YOU HANG ON JUST A SECOND? THERE WAS A MOTION ON THE TABLE, SO IF WE HAVE A SECOND, LET'S GO WITH THAT.
OR IT CAN DIE FOR LACK OF SECOND AND WE CAN GO BACK TO DISCUSSION.
MOTION WILL DIE FOR LACK OF SECOND AND WE CAN GO BACK TO DISCUSSION.
SORRY, I JUST, I'VE DEALT WITH THESE HOSTINGS BEFORE AND I JUST WANTED TO SEE, DID, DID WE, DO WE ADDRESS THE CONTENT? LIKE WE HAVE OWNERSHIP AND WE HAVE THE ABILITY, SO EVEN IF WE LOSE THE HOSTING, WE HAVE ANY CONTENT AND ANY CONTENT CHANGES MADE AVAILABLE TO US, WE FEEL GOOD ABOUT THAT.
I JUST THANK YOU FOR THAT POINT.
YES, WE WORKED, I'VE DEALT WITH IT IN THE PAST.
OUR IT DIRECTOR, UM, HAS BEEN WORKING WITH US THROUGH ALL OF THAT AS WELL.
LET'S, UH, RELOAD, MAKE A MOTION FOR THE B BOARD ADOPTION OF THE SOFTWARE HOSTING AGREEMENT WITH ATLAS INTEGRATED FOR A COST OF $1,250.
MOTION'S BEEN MADE AND SECONDED.
ANY FURTHER COMMENTS OR QUESTIONS? ALL THOSE IN FAVOR SAY AYE.
ALL OPPOSED? THE MOTION CARRIES FROM THE A BOARD.
DO I HEAR A MOTION? I'LL MAKE A MOTION TO ADOPT THE SOFTWARE AND HOSTING AGREEMENT WITH ATLAS INTEGRATED.
DO I HEAR A SECOND? SECOND? ANY FURTHER DISCUSSION? ALL IN FAVOR? AYE.
WAS THAT DONE? YES, WE'RE DONE.
[12. Discussion on Christmas Programming. ]
IS DISCUSSION ON CHRISTMAS PROGRAMMING.UH, LAST MONTH YOU ALL ASKED FOR, UH, AN UPDATE ON WHAT THE CHRISTMAS PROGRAMMING WOULD CONSIST OF.
SO I HAVE SOME DETAILS HERE FOR YOU ALL.
UH, THE CHRISTMAS TREE LIGHTING THAT'S USUALLY ANNUALLY HELD, UM, PREVIOUSLY, UM, WHEN THE POPULATION ALLOWED AND IT WAS SAFE, WE HOSTED THIS DOWNTOWN LAST YEAR.
WE HOSTED IT, UM, HERE AT THE MUNICIPAL COMPLEX.
SO THE PLAN FOR THIS YEAR IS ALSO TO HOST THE ANNUAL CHRISTMAS TREE LIGHTING HERE AT CITY HALL.
THE EVENT IS PLANNED FOR DECEMBER 2ND FROM FOUR TO 8:00 PM WITH THE PROGRAM AND ACTUAL LIGHTING HAPPENING AT SEVEN.
AND THE EVENT WILL INCLUDE FOOD, ENTERTAINMENT, CRAFTS, VENDORS, AND PICTURES WITH SANTA.
WE'RE ALSO LOOKING TO PARTNER WITH LOCAL ORGANIZATIONS TO HOST A A TOY DRIVE, UM, ENTERTAINMENT.
UM, TO GIVE YOU AN IDEA WOULD JUST BE IN THE FORM OF PROBABLY SOME KIND OF LIVE MUSIC.
THERE'S, UM, DIFFERENT BUSINESSES, UM, LIKE DANCE COMPANIES THAT HAVE REACHED OUT, UH, CHOIRS THAT HAVE SAID, YOU KNOW, WE WILL HAVE SOMETHING PREPARED.
CAN WE HAVE A SPOT ON THE PROGRAM? SO WE'LL BE WORKING TO COORDINATE ALL OF THAT AND COME UP WITH A SCHEDULE, UM, THAT WILL SHOWCASE THE BEST OF WHAT FULCHER HAS.
UM, AS, AS TIME WILL ALLOW, UM, IF THERE'S A COMPONENT HERE THAT YOU DON'T, YOU DIDN'T HEAR OR WOULD LIKE TO SEE, PLEASE LET US KNOW AND WE'LL BE HAPPY TO DO OUR BEST TO INCLUDE IT.
IS THERE ANY, UM, REACHING OUT TO LIKE LOCAL SCHOOLS? FOR THE SCHOOL CHOIRS? YES.
WE'LL DEFINITELY BE DOING THAT.
HUGGINS USED TO HAVE AN AWESOME TRASH CAN BAND OR SOMETHING, SOMETHING LIKE THAT.
SO, UH, IF THERE ARE ANY, IF THERE ARE ANY, ANY ANY ENTERTAINMENT ENTERTAINERS THAT WE WOULD HAVE TO PAY, DOES THAT HAVE TO GO OUT TO BID? UH, NOT, PROBABLY NOT FOR THIS EVENT.
SO USUALLY THE COST, UM, WOULD DEPEND ON HOW BIG OF AN EVENT.
IT IS BECAUSE THE VENUE DOES LIMIT THE SIZE OF THE CROWD, IT ALSO LIMITS THE KIND OF ENTERTAINMENT, UM, THAT WE WOULD GO FOR.
AND THE PRICE OF WHAT WE'RE LOOKING FOR FOR THIS EVENT WOULDN'T TRIGGER THE HAVING TO GO OUT FOR BID.
HERE AT THE MUNICIPAL COMPLEX.
ANY OTHER QUESTIONS? ALRIGHT, WELL THANKS FOR THE UPDATE.
UH, SORRY TOMMY, JUST TO MENTION.
AND WE WILL, THIS WILL INCLUDE THE CHRISTMAS DECORATIONS THAT YOU ALL FUNDED AND PLANNED FOR LAST YEAR.
THAT AGREEMENT WAS FOR THREE YEARS.
[01:40:01]
UP, UM, THE COMPLEX AS WELL AS DOWNTOWN.I THINK WE, UH, COUNCIL MEMBER PATTERSON IS UNABLE TO BE WITH US, SO WE WILL DISPENSE WITH ITEM 13.
[14. Future agenda items]
AGENDA ITEMS, ANY THOUGHTS OR ADDITIONS THAT WE WANT FOR FUTURE AGENDA ITEMS? JUST A COMMENT.THE, A COUPLE OF ITEMS THAT WE HAD ON THIS, WE, YOU KNOW, WE, WE TALKED LAST MEETING ABOUT THEM BEING MONTHLY UPDATES.
SO I DON'T, WE DON'T NEED TO CONTINUALLY MENTION THEM.
IT BEING HARRIS STREET AND, YOU KNOW, THE, THE ONES THAT WE'RE GETTING YES SIR.
THEY, THEY WILL CONTINUE, CORRECT? YES SIR.
WOULD YOU LIKE TO ADD HARRIS AS AN ITEM FOR DISCUSSION FOR OUR NEXT MONTH'S MEETING? I GUESS IT DEPENDS ON PROGRESS.
IF, UH, OUR CITY STAFF, OUR PUBLIC WORK STAFF HEARS BACK THE OPTIONS FROM THE ENGINEERING FIRM, WE'LL GO AHEAD AND ADD IT.
'CAUSE WHEN, WHEN IT WAS, NOT TO GO BACK ON THE COMMENT CONTENT THERE, BUT WHEN IT WAS DISCUSSED IT WAS AT A HIGH LEVEL.
DON'T REALLY KNOW THE BREAKDOWN.
SO THERE'S, THERE'S A LITTLE BIT OF BACKGROUND THERE AS WELL NEEDED, IF THAT IS A TOPIC FOR DISCUSSION.
THERE'S SOME HOMEWORK FOR THE BACKGROUND.
I DON'T, I DON'T KNOW IF IT'S TOO BROAD OF A SUBJECT, BUT WITH THE, THE EXECUTIVE SESSIONS AND THE SESSIONS DONE AND SOME OF THE ISSUES WITH E T J AND THINGS LIKE THAT, IS THERE ANYTHING THAT WE NEED? IS THERE LIKE A, A LEARNING OR A TRAINING OPPORTUNITY TO KIND OF GO OVER REVIEW THAT FOR IT'S EFFECTS ON OUR BOARD? IS THAT TOO BROAD OF AN ITEM? I DON'T, I DON'T, I DON'T KNOW.
I'M JUST KIND OF THROWING IT OUT AS A FUTURE AGENDA ITEM.
NOW THAT THE SESSIONS ARE OVER AND THERE'S BEEN AT LEAST ONE ISSUE THAT'S MM-HMM.
I WILL DISCUSS WITH DAN, UM, AND TAKE HIS ADVICE ON HOW TO MOVE FORWARD WITH THAT.
UM, THAT WAY YOU ALL HAVE THE MOST UP TO DATE INFORMATION.
IS THIS, IS THIS IN RELATION TO THE POST THAT MAYOR GR MADE AND ABOUT THE IMPACT TO THE EDCS BASED ON LEG, CERTAIN LEGISLATION THAT PASSED? YES SIR.
IT WAS VERY BROAD, NOT VERY UNDERSTANDING AND HOW IT ULTIMATELY AFFECTS US.
SO MAYBE A BREAKDOWN, LET YOU KNOW LAYMAN'S TERMS ABBREVIATION OF WHAT THAT LEGISLATION MEANS AND HOW IT AFFECTS US.
UH, ONE OTHER ITEM THAT I PLAN TO LOOK INTO IS, UH, TO SEE IF SOMEONE COULD BRIEF US ON THE FORT WAYNE COUNTY HAS A MOBILITY AND PARKS BOND COMING UP IN NOVEMBER.
MAYBE WE COULD HAVE SOMEONE TALK ABOUT THAT AND CONSIDER A POSSIBLE RESOLUTION OF SUPPORT IF THE BOARD WOULD BE SO INCLINED.
AND IF YOU HAVE ANY OTHER AGENDA ITEMS THAT YOU THINK OF, IF YOU WAKE UP IN A COLD SWEAT TONIGHT, I DIDN'T MENTION THAT.
ALWAYS FEEL FREE TO EMAIL ANELLE HAYDEN, BRIAN, OR MYSELF.
AND WE'LL DO OUR BEST TO GET THE AGENDA ITEMS ON THE NEXT MEETING OR GET BACK WITH YOU AN ANSWER FOR THE QUESTIONS YOU MAY HAVE.
[15. Announcements]
ANNOUNCEMENTS.DOES ANYONE HAVE ANY ANNOUNCEMENTS? OKAY.
EVERYBODY'S READY TO GO, I GUESS, RIGHT? YEAH.
DO I HEAR? WAIT, IT'S NOT EIGHT YET.
DO I HEAR A MOTION TO ADJOURN? MOTION TO ADJOURN.
ANY DISCUSSION? NO DISCUSSION.
ALL IN FAVOR? A, UH, THE A BOARD ADJOURNS AT 7 45 IN SEPTEMBER 18TH.
MOTION TO ADJOURN FOR THE B BOARD.
MOTIONS BEEN MADE AND SECONDED.
ALL OPPOSED? WE TOO ARE ADJOURNED AT 7 45.