May 13, 2024 Economic Development Corporation

THREE, DISCUSSION ON UPDATES TO THE 2019 EDC STRATEGIC PLAN.

ITEM NUMBER

[3. Discussion on updates to the 2019 EDC Strategic Plan. ]

GOOD EVENING BOARD.

UH, IN YOUR PACKETS, YOU WILL FIND AN OUTLINE, UH, CLARIFYING THE FOUR GOALS THAT WERE ORIGINALLY ESTABLISHED IN THE 2019 STRATEGIC PLAN.

UM, THOSE ARE BUSINESS DEVELOPMENT, STRATEGIC INVESTMENT, TRANSFORMATIVE PROJECTS, AND ORGANIZATIONAL ALIGNMENT.

SO BELOW THOSE YOU WILL SEE SUBCATEGORIES WITHIN THE FOUR, UH, GOALS.

SO I'VE PROVIDED A LIST OF WHAT'S BEEN COMPLETED UNDER EACH SPECIFIC GOAL, AND AS I'M SURE YOU'VE NOTICED, IT MIGHT SEEM STRANGE THAT TWO OF THOSE CATEGORIES DON'T HAVE ANYTHING LISTED AS COMPLETED, BUT, UM, THOSE ARE STRATEGIC INVESTMENT AND TRANSFORMATIVE PROJECTS.

BUT THIS IS BECAUSE THOSE INITIATIVES JUST TAKE, UH, A LONGER TIME TO DO.

SO THAT WOULD BE, UM, THINGS SUCH AS THE RFP FOR THE EDC PROPERTY AND THE HARRIS STREET, UM, RECONSTRUCTION.

SO THERE ARE, UM, THAT'S JUST TWO OF OUR MAJOR, MAJOR ONGOING PROJECTS, BUT THERE ARE A LOT OF CATEGORIES UNDERNEATH THAT THAT ARE ONGOING.

I JUST WANTED YOU TO SEE KIND OF A BIRD'S EYE VIEW OF WHAT'S ON THERE FOR YOU TO HAVE AN IDEA OF WHERE WE'RE FOCUSING OUR ATTENTION.

UM, DO Y'ALL HAVE ANY QUESTIONS ON THAT REGARDING, UH, TARGET INVESTMENT AND INFRASTRUCTURE INVESTMENT? CAN YOU GIVE US AN IDEA ON, UH, THE PERSPECTIVE FROM 2019 AND HOW THAT MIGHT HAVE CHANGED FROM THEN TO NOW? UH, I DUNNO HOW I WOULD SUMMARIZE THAT.

UM, FROM 2019, I KNOW AT, AT THAT TIME, UM, I THINK IT'S A LOT OF THE SAME ISSUES.

SO JUST ADDRESSING INFRASTRUCTURE, UH, DRAINAGE AND, UM, INVESTING IN SPECIFIC AREAS.

AND I THINK WHAT'S BEEN JUST COMMENTED ON OVER AND OVER AGAIN IS FOCUSING THOSE DOLLARS AND ATTENTION TO OUR DOWNTOWN.

SO I THINK THE FOCUS REMAINS OUR DOWNTOWN AND ON THE UNDER STRATEGIC INVESTMENT.

REGARDING THE LAND ACQUISITION AND UTILIZATION, WAS THAT A BROADER, UH, I MEAN, WAS THE IDEA THAT, YOU KNOW, EDCS WOULD USE THEIR BUYING POWER TO PURCHASE LAND AS THEY SAW FIT TO DEVELOP THEMSELVES? I THINK FOR OUR SPECIFIC PROPERTY, FROM WHAT I'VE BEEN COMMUNICATED, UM, THE INTENTION THERE WAS TO MAKE SURE THAT WE DIDN'T LOSE THAT PROPERTY TO MORE OF THE SAME THAT IS CURRENTLY DOWNTOWN AND THAT IT WAS SET APART.

UM, I, I CAN'T SPEAK TO IF THERE WERE AT THAT TIME OTHER INTENTIONS WITH PROPERTY, BUT I KNOW, UM, JUST IN RECENT CONVERSATIONS IN THE LAST YEAR, UM, THINGS LIKE A PARKING STRUCTURE, UM, A FUTURE LOCATION OF CITY HALL ARE STRATEGIC INVESTMENTS THAT HAVE BEEN MENTIONED.

UM, AND THAT WE DO CONTINUE TO CONSIDER AS WE TALK TO THE COUNTY OR DOWNTOWN, UM, DEVELOPMENTS COMING IN AND CURRENT PROPERTY OWNERS TO SEE IF, YOU KNOW, WE CAN MAXIMIZE EFFICIENCY AND, UM, PARTNER WITH THEM ON, UH, A STRUCTURE THAT WOULD BE BENEFICIAL TO ALL PARTIES.

BUT OTHER CITY EMPLOYEE FUNCTIONS.

UH, REGARDING THE ORGANIZATIONAL ALIGNMENT, I ASSUME THAT BACK IN 2019 THERE WAS AN ASSUMPTION THAT WE WOULD NEED TO GROW THE, THE DEPARTMENT AND, UH, NOT JUST OUR DEPARTMENT,

[00:05:01]

UH, YES.

SO I ACTUALLY THINK ORGANIZATIONAL ALIGNMENT WAS JUST, UM, BASED OFF OF THE POPULATION PROJECTIONS AND KNOWING THAT A BOARD WOULD NOT BE ABLE TO CONTINUE OPERATING LIKE B BOARD.

AND SO A BIG PART OF THAT WAS THE PLAN TO SEPARATE THE BOARDS AND, UM, GET, YOU KNOW, TRAINING UPDATED FOR EVERYBODY ON WHAT THEIR PURVIEW WAS, WHAT WE COULD DO.

AND THEN, UM, YOU KNOW, WE JUST RECENTLY SURPASSED THAT THRESHOLD, THE BOARD GYM MEETING SEPARATELY.

SO NOW I THINK WE ARE AT THE STAGE WHERE WE'RE DEVELOPING THOSE SPECIFIC STRATEGIES FOR EACH BOARD.

UM, AND I THINK IN THE LAST YEAR THERE HAS BEEN AN ELEMENT OF, UM, JUST IDENTIFYING NEEDS THAT WOULD BENEFIT NOT JUST THE CORPORATION, BUT THE WHOLE CITY.

AND ONE OF THEM HAS BEEN GROWING THE EDC TEAM.

ANY OTHER QUESTIONS OR COMMENTS? ANYTHING ELSE ANELLE, THAT YOU WANTED TO SHARE ON THAT? UH, UNDER OUR COMPLETED LIST, I THINK WE'VE JUST RECEIVED A LOT OF POSITIVE, UH, FEEDBACK ON THE FULL YEAR FAST TRACK.

UM, I DO PLAN STARTING NEXT MONTH TO INCLUDE IN YOUR PACKET A, UM, DETAILED REPORT ON HOW MANY VISITORS WE ARE GETTING TO OUR WEBSITE.

I THINK IT WAS A LITTLE OVER 140 FOR THIS PAST MONTH.

UM, SO PEOPLE ARE, YOU KNOW, VISITING THAT WEBSITE.

WE HAVE ALL OF OUR STUDIES ON THERE, THE HOTEL FEASIBILITY STUDY, THE STRATEGIC PLAN, UM, THE PASA, UH, POPULATION DEMOGRAPHIC STUDY, UM, THE RETAIL COACH, UH, REPORTS THAT HE GENERATES.

SO THAT IS ALL GETTING LOOKED AT, AND I WOULD JUST LIKE TO HAVE FOR Y'ALL TO HAVE AN IDEA OF WHAT THAT LOOKS LIKE THROUGH THROUGHOUT THE MONTHS.

AND, UM, AS WE BEGIN BEING A LITTLE MORE STRATEGIC, WE, UM, STARTED POSTING REGULARLY ON OUR LINKEDIN.

YEP.

WE PLAN TO, UM, SEND EVERYONE BACK TO THE WEBSITE AND WE JUST WANNA BE ABLE TO REALLY GET A GOOD MEASURE OF WHAT THAT ACTIVITY IS.

SO THE, THE RETAIL COACHES, THE UPDATES THAT WE'VE BEEN GETTING, THEY'RE, THEY'RE NOW BEING POSTED ONTO THE WEBSITE.

THOSE ARE NOT BEING, THEY'RE NOT ON OUR WEBSITE, UM, BUT HE GENERATES REPORTS THAT RETAILERS NEED WHEN THEY'RE LOOKING AT AN AREA.

AND THAT'S WHAT'S ON THERE.

IT'S A VERY DETAILED REPORT.

THEY'RE, THEY'RE BASICALLY MORE RETAIL CENTRIC DEMOGRAPHIC REPORTS.

SO SHOWING FROM MILE THREE, MILE FIVE MILE RADIUS, HOW MANY PEOPLE ARE DRIVING INTO TOWN TRAFFIC COUNTS, THAT SORT OF THING.

UM, SO WE MAKE THOSE AVAILABLE.

UM, HE GIVES 'EM TO US ABOUT EVERY SIX MONTHS OR SO.

SO, UH, WE TRY TO KEEP 'EM AS UP TO DATE AS WE CAN ON THERE.

SO WHEN YOU, WHEN WE, AND WHEN I'VE LOOKED AT THE WEBSITE, UH, AND, AND OUR CONVERSATIONS ABOUT THE WEBSITE, IT SEEMS TO ME THAT THE WEBSITE IS REALLY GEARED TOWARD RETAILERS OR COMMERCIAL BUSINESSES, CORRECT.

NOT SO MUCH SHORE CITIZENS.

SO IT, YEAH, WE, WE, THAT'S, AND THAT'S KIND OF ANOTHER ONE OF OUR GOALS IS TO KIND OF CLARIFY WHAT THE WEBSITE LOOKS LIKE.

WE DO HAVE SPECIFIC TABS FOR DEVELOPERS, UM, AND, AND COMMERCIAL BUYERS, BUT ALSO WE, WE HAVE A SEPARATE TAB JUST GIVING AN OVERVIEW OF WHAT THE EDC TEAM DOES.

WHAT BOARD DO, UM, WE WANT TO HAVE THAT MORE FLESHED OUT, UM, AS WE MOVE ALONG AND KIND OF EVALUATE WHERE THE HOTSPOTS ARE ON THE WEBSITE, UM, THROUGH OUR REPORTS AND EVERYTHING.

BUT WE ARE TRYING TO DEFINITELY MORE GEAR IT TOWARDS DEVELOPERS.

AND, AND, AND COMMERCIAL, AND THEN HAVE AT LEAST AN OVERVIEW TO WHERE IF THEY NEED TO GET MORE IN DEPTH, THAT WE CAN PUSH HIM BACK TO THE CITY WEBSITE THAT IS MORE CITIZEN CENTRIC.

AND I MEAN, TO, TO BE FRANK, I DON'T HAVE A PREFERENCE ONE WAY OR THE OTHER.

I MEAN, OTHER THAN I, I DO WANT, I WANT COMMERCIAL OPPORTUNITIES AND DEVELOPERS AND WHO, YOU KNOW, TO BE ABLE TO GET THE INFORMATION THAT THEY NEED SO THAT WE CAN FURTHER ALONG THOSE CONVERSATIONS.

I ALSO KNOW THAT, YOU KNOW, WE HAVE PLENTY OF CITIZENS WHO ARE TRYING TO KEEP UP WITH WHAT'S GOING ON.

RIGHT.

AND IF WE CAN GET THEM THAT INFORMATION FROM YOU AS OPPOSED TO SOMEONE WHO MAY NOT HAVE ALL THE DETAILS.

RIGHT.

UM, THEN, YOU KNOW, I THINK THAT WOULD ENHANCE THE, THE COMMUNICATION.

THAT'S, UH, PART OF OUR PLAN IS JUST TO CONTINUE REGULAR COMMUNICATION AND, UM, BE AS THOROUGH AS WE CAN BE WITH FACTUAL INFORMATION.

SO WE'LL MAKE A NOTE AND JUST KEEP CONSIDERING THAT AS WE'RE KIND OF PLANNING OUT THAT CONTENT SCHEDULE FOR THE NEXT FEW MONTHS.

IT, IT'S HARDER, IT'S HARDER POSTING FACTUAL INFORMATION.

IT'S MUCH EASIER IF YOU JUST THROW STUFF UP THERE.

MANY GREAT IDEAS OUT THERE, AND DEVELOPERS SHARE DESIGN CONCEPTS AND ALL OF THAT, AND THEY'RE, THEY'RE GREAT.

THERE'S SO

[00:10:01]

AND IT WOULD BE WONDERFUL TO HAVE A MATTER OUR COMMUNITY, BUT A LOT OF TIMES THAT'S THE STAGE THAT IT'S AT.

AND SO THEN THE COMMUNITY WANTS UPDATES AND UPDATES, BUT THEY HAVEN'T FILED ANY PERMITS.

THERE'S NO LIKE, ACTUAL MOVEMENT ON IT.

SO IT, IT IS A CHALLENGE, LIKE WHEN DO YOU SHARE THAT INFORMATION? AND IF YOU WAIT UNTIL EVERYTHING, YOU KNOW, ALL, ALL THE T'S ARE CROSSED AND I'S ARE DOTTED, THEN IT'S KIND OF LATE BECAUSE SOMEONE'S ALREADY SEEN THE DESIGN AT SOME POINT.

BUT, UM, COMMUNICATION IS AN ART AND WE'LL KEEP WORKING ON, ON IMPROVING ON OUR END.

ANYTHING ELSE? NO, UH, NO, THAT'S, THAT'S ALL THAT I WANTED TO ADD.

ECONOMIC DEVELOPMENT REPORT IT.

ITEM NUMBER FOUR,

[4. Economic Development Report ]

UM, AS TIANA MENTIONED, UM, THE FIRST ITEM ON HERE IS, UH, RETAIL COACH UPDATE.

SO YOU HAVE HIS MEMO IN, IN YOUR POCKETS, BUT I JUST DID WANNA LET YOU KNOW THAT I WILL BE JOINING AARON AT ICSC IN VEGAS NEXT SUNDAY THROUGH TUESDAY.

SO WE'LL BE WORKING TOGETHER THIS WEEK TO MAKE SURE WE HAVE, UM, A STRATEGY GOING FORWARD AND ALL THE RIGHT MEETINGS ARE, UM, SET, UH, AHEAD OF TIME BEFORE WE GET THERE TO MAKE SURE THAT WE MAKE THE BEST USE OF THAT TIME.

UM, AS Y'ALL KNOW, THIS IS THE LARGEST RETAIL DEVELOPMENT CONFERENCE, UM, IN THE NATION.

SO IT'S, IT'S DEFINITELY A PLACE TO BE.

AND, UM, I'M LOOKING FORWARD TO REPRESENTING THE CITY ALONGSIDE ERIN.

UH, WHEN YOU, WHEN YOU SAY MAY 20TH THROUGH 22ND, ARE THOSE, DO THOSE INCLUDE TRAVEL OR, SO MAY, MAY.

19TH IS A SUNDAY.

THERE, THERE IS PROGRAMMING SCHEDULED THAT WHOLE DAY, SO I'M SET TO FLY IN EARLY THAT MORNING AND PLAN TO ATTEND AS MUCH AS POSSIBLE ALL OF SUNDAY.

UM, I'LL BE THERE THE ENTIRE DAY MONDAY.

UM, AND THEN TUESDAY, THE CONFERENCE IS ALL DAY, BUT I'LL BE, UM, COMING BACK ABOUT HALFWAY THROUGH, UH, TUESDAY.

AND ARE YOU, ARE YOU AND AARON EXPECTING TO GO TO MORE OF THE CONFERENCE OR MEET WITH PEOPLE? BOTH, YEAH.

BOTH.

THERE, THERE ARE A LOT OF WORKSHOPS THAT KIND OF TAKE PLACE AT THE SAME TIME AS THERE'S MEETINGS.

SO, UM, YEAH, I THINK THAT'S KIND OF WHAT WE'RE GONNA PLAN OUT TO SEE WHAT'S, YOU KNOW, THE BEST, THE BEST TIMES TO DIVIDE AND CONQUER IF THERE'S ANYTHING THAT WE WANNA TAG TEAM.

AND, UM, I'VE BEEN ADVISED THAT A LOT OF THE DEALS HAVE BEEN AT THE RECEPTION, SO OKAY.

YOU KNOW, JUST, JUST TRYING TO MAKE SURE WE'RE STRATEGIC AND WE HAVE A, A PLAN GOING IN.

SO I THINK THAT WILL BE THE NUMBER ONE TOPIC, IF WE COULD EVEN SEPARATE THAT OUT ON THE NEXT AGENDA.

OUR PLAN IS TO HAVE AARON HERE AS WELL.

PERFECT.

TO UPDATE ON AT OUR JUNE MEETING.

PERFECT.

MAYBE THE JULY MEETING, DEPENDING ON, YEAH.

DEPENDING ON HOW, DEPENDING ON FURTHER CONVERSATIONS.

TO KEEP UP FOR US? UM, I THINK FOR RIGHT NOW, YES.

I'LL MOVE ON TO ITEM TWO.

UM, NEW BUSINESSES, WE DO HAVE REVIVE, UM, COMING IN, UH, OFF OF 3 59 WHERE PROJECT HA BREWING USED TO BE, THEY'LL BE TAKING IN THAT SPACE.

THEY'RE PRETTY MUCH ALL SET.

UM, THEY ARE AIMING FOR A MID-JUNE OPEN DATE.

AND THEN, UM, YOU MIGHT HAVE SEEN IF YOU DROVE UP 3 59 GATEWAY, UM, THEY'VE BEEN MOVING DIRT AND THINGS ARE ARE GOING ALONG.

SO WE'RE EXCITED TO SEE THAT DEVELOPMENT KICK OFF, UH, DOWNTOWN AREA.

AND THEN, UM, THERE ARE TWO OTHERS BESIDE US HERE THAT, UH, ARE MOVING FORWARD.

WE HAVE THE MEXICAN RESTAURANT, UM, RIGHT HERE NEXT TO BASKIN ROBBINS, LUPUS MEXICAN RESTAURANT.

SO THERE'S, UH, A LOT OF MOVEMENT HERE, A LOT OF DIFFERENT BUSINESSES THAT ARE, UM, GETTING READY TO OPEN FOR RE FAST TRACK.

WE WILL HAVE MATT YELVINGTON HERE NEXT MONTH TO GIVE YOU A REALLY DETAILED REPORT OF WHERE WE'RE AT.

UM, BUT IT CONTINUES TO MOVE FORWARD VERY SUCCESSFULLY.

WE'VE GOT ABOUT 61 MEMBERS, UH, RIGHT NOW IN PARTICIPATING IN THAT VIRTUAL PLATFORM.

AND, UM, WE'VE HAD AT LEAST ONE IN PERSON EVENT EVERY WEEK.

THE LAST, I WOULD SAY SIX WEEKS, ITS ATTENDANCE HAS BEEN STEADILY GROWING.

SO WE'RE EXCITED TO SEE THAT.

WE'VE HEARD A LOT OF REALLY GREAT, UM, JUST TESTIMONIALS AND TAKEAWAYS FROM PEOPLE THAT ARE ATTENDING THOSE EVENTS.

AND WE DID SHARE ONE OF THOSE ON OUR LINKEDIN PAGE TODAY.

SO IF YOU WANNA STAY UP TO DATE, UM, FULL SHARE PASS TRACK DID LAUNCH ITS OWN FACEBOOK PAGE.

AND THEN WE'LL BE SHARING UPDATES ABOUT FULL SURE FAST TRACK ON OUR LINKEDIN PAGE.

SO MAKE SURE THAT YOU'RE FOLLOWING BOTH OF THOSE.

NOW, UM, SO FAR TONIGHT, THAT'S TWICE YOU'VE MENTIONED THE LINKEDIN PAGE.

IS THAT THE BEST PLACE

[00:15:01]

THAT'LL BE THE BEST PLACE.

UM, EVENTUALLY OUR PLAN IS ANY LINKEDIN POSTS THAT WE MAKE, THOUGH THERE WILL BE MORE THOROUGH INFORMATION ON OUR WEBSITE.

BUT FOR THE, I WOULD SAY THE NEXT THREE WEEKS PROBABLY LINKEDIN IS GONNA BE YOUR BEST.

YOUR BEST SOURCE.

TO BE DIRECTLY FROM US.

UH, ITEM FOUR ARE GATEWAY SIGNS.

UM, WE STILL DON'T HAVE A SET MEETING FOR, FOR THP, UM, TO SUBMIT THE PLANS TO, SO WE'RE JUST WAITING FOR THAT TO BE ANNOUNCED TO MOVE FORWARD WITH IT FOR HARRIS STREET.

UM, OUR PUBLIC WORK STAFF HAS COMPLETED THE REVIEW OF THE PLANS AND SPECIFICATION BOOK, AND HARRIS STREET WAS ADVERTISED FOR BIDS STARTING ON MAY 9TH, AND THEY ANTICIPATE TAKING A CONSTRUCTION CONTRACT TO COUNSEL FOR CONSIDERATION AT THE JUNE 18TH MEETING.

NOW, I CAN'T FIND IT, BUT THERE WAS A, UH, FOR THE HARRIS STREET PROJECT, UH, MAYBE IT WAS IN LAST, IT WAS IN, I BET IT WAS IN LAST WEEK'S MEETING.

UM, THE LIGHTS, THE, UM, ELECTRICAL OUTLETS MM-HMM.

WERE LIKE AN ADDENDUM, NOT LIKE PART OF THE PROJECT.

AND I AM NOT ONE OF THE PEOPLE, JUST FOR THE RECORD, I'M NOT ONE OF THE PEOPLE WHO REALLY ONLY WANTED THIS PROJECT FOR ELECTRICAL OUTLETS, BUT I CAN NAME ABOUT FOUR PEOPLE, UH, WHO THAT WAS THEIR PRIMARY CONSIDERATION.

SO I'M CONFUSED AT HOW THAT DID NOT GET, SO WHEN THE ORIGINAL SCOPE OF THE HARRIS STREET PROJECT, UM, WAS BROUGHT, AND I DON'T EVEN THINK IT WAS THE SCOPE THAT WAS DESIGNED SPECIFICALLY FOR THE BOARDS, BUT THE SCOPE FOR THE CITY ITSELF, THE, IT DID NOT INCLUDE THE POLES THEMSELVES, IT INCLUDED CONNECTIONS FOR THE POLES, UM, AND ALL THE WIRING ALREADY SET, BUT THE POLES WERE NOT INCLUDED.

UM, DUE DESIGN CHANGES, WE THINK THAT WE BROUGHT THE BUDGET DOWN ENOUGH THAT IF WE INCLUDE THE, UH, THE POLLS AS AN ADD ALTERNATE, WE SHOULD HAVE ENOUGH BUDGET REMAINING THAT WE CAN COVER THAT AND, AND PULL IT BACK IN, UM, WITHOUT HAVING THE NEED TO BASICALLY SCRAP THE ENTIRE BID PROPOSAL.

UM, AND, AND CUTTING THAT PART OUT.

UM, IT'S EASIER ON, ON THE BACK END TO, TO ADD THOSE POLLS IN THAN TO REMOVE THEM LATER BASICALLY.

AND I'M ASSUMING, I MEAN, DO, WILL WE HEAR ABOUT YOUR CONVERSATIONS WITH THE B BOARD? WE CAN , YES, SURE.

WE CAN HAVE UP A RECAP MEMO OR SOMETHING LIKE THAT.

THAT WORKS.

YEAH, I WOULD APPRECIATE THAT.

ALRIGHT, WE'LL MAKE SURE TO DO THAT.

UM, FOR ITEM SIX, BRIGHT LIGHTS, I HAD PREVIOUSLY MENTIONED, UM, THE PROPOSED CHANGES TO THE HOLIDAY DECOR DOWNTOWN.

SO IN YOUR PACKETS YOU HAVE THE PRESENTATION THAT BRIGHT LIGHTS MADE TO STAFF AND UM, THAT'S OUR, OUR DECOR VENDOR.

AND UM, I DID GET THE PROPOSED CONTRACT, SO WE'LL SEND THAT TO OUR LEGAL TEAM FOR REVIEW, BUT I JUST WANTED YOU TO HAVE THOSE VISUALS.

IT'S SO MUCH EASIER TO UNDERSTAND THAN JUST A VERBAL DESCRIPTION.

UM, AND JUST MAKE SURE THAT IF YOU HAD ANY FEEDBACK THAT YOU WANTED US TO TAKE INTO CONSIDERATION AND, UM, SHARE WITH THE REST OF THE TEAM THAT YOU WOULDN'T LET US KNOW.

SO AS A REMINDER, THE AGREEMENT IS WITH THE CITY, WE PAY FOR A LARGE PORTION OF IT, I THINK A LITTLE MORE THAN THREE QUARTERS OF, OF THE TOTAL.

UM, AND THAT WAS OUT OF A DESIRE EXPRESSED BY THE EDC TO MAKE SURE THAT WE HAD HOLIDAY DECOR AND LIGHTING DOWNTOWN.

AND THEN THE CITY'S PORTION IS, UM, ABOUT A QUARTER AND THEY COVER ALL THE DECORATIONS HERE AT CITY HALL AND THE CHRISTMAS TREE THAT WE USE FOR THE LIGHTING EVENT.

WHEN YOU, WHEN YOU REFER TO, WE PAY FOR THIR, UH, 75%, YOU'RE TALKING ABOUT WE BEING BOTH EDC BOARDS? YES.

AND THE B BOARD HAS A LOT OF STRONG OPINIONS ON LIGHTING WHERE MOST A BOARD MEMBERS WERE HAPPY THAT THE B BOARD TAKES ON, TAKES SUCH A INTEREST.

IS THAT STILL THE CASE? UH, IT IS AS OF RIGHT NOW, BUT IF YOU WOULD LIKE TO HAVE THE BOARD FULLY TAKE ON, UM, THE, THE CONTRACT EXTENSION, WE CAN DISCUSS THAT AS WE HEAD INTO THE BUDGET PROCESS.

UH, THAT WE WOULD STILL PARTICIPATE FROM A FINANCIAL PERSPECTIVE, BUT YEAH, WITH ALL THE DESIGN, RIGHT.

AND FROM MY PERSPECTIVE, I'M JUST THINKING ABOUT,

[00:20:01]

I MEAN, WE DON'T NEED, IN MY OPINION, WE DON'T NEED FIVE PEOPLE DESIGNING LIGHTS WHEN I CAN ALREADY NAME AGAIN FOUR PEOPLE, , WHO ARE VERY, WHO HAVE VERY STRONG OPINIONS ON LIGHTS IN DOWNTOWN FOR CHRISTMAS.

I UNDERSTAND.

WELL, I'LL JUST, UH, PRESENT THE FINALIZED CONTRACT AND THE CONCEPT TO YOU ALL.

WHEN IT'S READY.

DO YOU HAVE ANY, YOU GOOD WITH THAT? I SAID BEFORE THE MEETING STARTED OFF THE RECORD THAT I THINK THE LIGHTING POLE, THE STUFF ON POLES IS KIND OF GENY AND USELESS, BUT, UM, YEAH, OTHER THAN THAT, I THINK WE DO A GREAT JOB WITH EVERYTHING THAT WE PULL OFF AND I HAVE ENOUGH TO DO AT MY HOUSE.

I DON'T NEED TO WORRY ABOUT THAT NOW.

NOW IF, I MEAN, IF THE B BOARD, IF THERE CHANGES AND THERE THAT ENERGY IS NO LONGER THERE, THEN LET'S REHAB THAT CONVERSATION.

ALRIGHT, THANK YOU.

AND LASTLY, ITEM SEVEN, UM, I DID WANNA GIVE YOU ALL AN UPDATE ON THE FULLER INTERNSHIP PROGRAM.

SO THE CITY HAS LAUNCHED A, UH, PROGRAM AND FORTUNATELY WE ARE ONE OF THE DEPARTMENTS THAT WILL BE ASSIGNED AN INTERN.

THEY'LL BE STARTING ON MAY 28TH, AND THEY'LL BE WITH US THROUGH JULY 26TH.

SO WE WILL PROBABLY HAVE THAT INTERN ATTEND THE JUNE, MAYBE JULY MEETING, UM, OR, YOU KNOW, END OF JUNE MEETING SO THAT SHE CAN INTRODUCE HERSELF TO YOU ALL.

UM, BUT, YOU KNOW, SHE'LL BE TAGGING ALONG FOR MOST OF SUMMER.

OUR HOPE IS TO INTRODUCE HER TO COUNCIL.

UM, SHE'S DON'T WANNA SAY TOO MUCH, BUT SHE IS AN ECONOMICS MAJOR BACKGROUND, SO IT'S KIND OF PERFECT FOR HER TO JOIN US DURING BUDGET SEASON.

AND I THINK THERE'LL BE A LOT TO LEARN AND, UM, FOR US MUCH NEEDED HELP.

SO WE'RE REALLY LOOKING FORWARD TO THAT.

AND THAT'S ALL I HAVE.

ANY OTHER QUESTIONS? NO.

FIVE, REVIEW AND DISCUSS BUDGET, PROCESS, SCHEDULE AND DEVELOPMENT.

ITEM NUMBER

[5. Review and discuss budget process, schedule, and development. ]

ALL RIGHT.

SO TODAY, UM, WE'RE JUST KIND OF ESTABLISHING EXPECTATIONS SO YOU ALL KNOW WHERE WE'RE HEADING.

UM, THE MIDYEAR FINANCIALS AND PAYABLES ARE ATTACHED IN THE NEXT AGENDA ITEM.

THEY'RE ESSENTIALLY THE MONTHLY REPORTS YOU SEE, BUT WE'RE JUST NOTING THAT THIS IS THE HALFWAY MARK.

UM, WE'VE RECEIVED SOME FEEDBACK, UM, THAT THERE'S A DESIRE TO HAVE VISUALS INCLUDED IN OUR PACKET IN ADDITION TO JUST YOUR MONTHLY REPORTS.

SO WE WILL BE WORKING ON THESE AND WE'LL INCLUDE VISUALS FOR OUR NEXT MONTH'S MEETING AND THEN GOING FORWARD FROM THERE.

UM, SO WE HAVE INCLUDED IN THIS PACKET A COPY OF THE ADMINISTRATIVE SERVICES AGREEMENT, UM, ALSO KNOWN AS THE A SA FOR EACH EDC.

SO CURRENTLY WE DON'T HAVE ANY BIG CHANGES TO THE STRUCTURE, BUT IF THERE ARE ANY THAT, UM, WE COME ACROSS AS WE'RE WORKING THROUGH THE BUDGET IN THE NEXT FEW WEEKS, WE'LL WE'LL LET YOU KNOW.

AND, UM, THIS AGREEMENT IS REVIEWED BY OUR ATTORNEYS.

IT'S, UM, PART OF OUR BYLAWS FOR US TO HAVE THIS IN PLACE.

IT'S JUST ESSENTIALLY OUTLINING IN, IN DETAIL HOW EXACTLY OUR PARTNERSHIP WORKS WITH THE CITY, WHAT THEY'RE PROVIDING TO SUPPORT THE CORPORATION.

UM, YOU KNOW, EVERYTHING FROM OUR OFFICES TO TECHNICAL SUPPORT, UM, FINANCIALS, UM, RENT.

YEAH, ALL, ALL OF IT.

BASICALLY OPERATIONS COSTS THAT WE'RE ABLE TO JOIN IN THE CITY HERE, UM, AND HOW WE OPERATE.

SO BEFORE, YEAH, BEFORE MOVING ON, JUST FOR EVERYONE ELSE'S AWARENESS, LAST YEAR WE REVAMPED THE ASAS.

SO BECAUSE THE BOARDS WERE SPLITTING, UM, WE WERE, WE, UH, STAFF WAS GETTING INTO THIS FACILITY, SO THERE WERE A BUNCH OF CHANGES THAT WERE ALL GOING ON AT THE SAME TIME AND WE JUST, UM, KIND OF STARTED OVER AND MADE SURE THAT EVERYTHING WAS EXACTLY THE WAY WE WANTED IT.

OH.

AND WE HAD DIFFERENT LEGAL COUNSEL.

YEAH, I HAD A QUESTION ABOUT THAT BECAUSE IT'S 5% OVER WHAT WE PROJECTED.

IT WAS, UH, IT WAS A LOT MORE EFFORT THAN YOU MIGHT THINK FOR PEOPLE JUST WRITING TOGETHER HOW WE'RE WRITING DOWN HOW WE'RE GONNA WORK TOGETHER, BUT THAT'S WHY I'M NOT EXPECTING, UH, BIG CHANGES.

ANY, ANY CHANGES.

UM, ESPECIALLY IF CHARLIE IS GOOD WITH IT, THEN IT SHOULD BE A RUBBER STAMPED EVENT, IN MY OPINION, AT LEAST THIS YEAR.

YES, EXACTLY.

AND THEY, THEY HELPED US THROUGH ALL THAT LAST YEAR OUR LEGAL COUNSEL DID.

SO THEY'RE VERY FAMILIAR WITH, UM, THE AGREEMENT ITSELF.

UH, BUT IT'S JUST THERE.

SO IF Y'ALL HAVE ANY QUESTIONS OR ANYTHING ABOUT OUR OPERATIONS, YOU CAN TAKE A LOOK.

UM, SO FOR FISCAL YEAR 25, UH, VERY CONSERVATIVE ESTIMATE OF SALES TAX REVENUE, UM, IS SET AT 5% OVER THIS YEAR'S BUDGETED AMOUNT, UM, WHICH IS 1,000,700 AND 50,000.

SO THE 5% OVER FOR THIS NEXT BUDGET YEAR WOULD BE $1,837,500.

[00:25:04]

WHAT, WHAT WE BUDGETED.

I'M OKAY.

IT'S 5% OVER WHAT WE BUDGETED.

WHERE DO WE STAND TODAY WITH ACTUALS RELATIVE TO WHAT WE BUDGETED? THAT WILL BE IT.

WE'LL COVER IT MORE IN DETAIL NEXT ITEM.

BUT RIGHT NOW WE'VE COLLECTED ROUGHLY 54% OF THE BUDGET YEAR 50 PER 50% OF THE WAY THROUGH.

SO, SO WE'RE, WE'RE TRACKING 4% OVER RIGHT NOW, SO WE SHOULD END AROUND EIGHT TO 10%.

SO IF WE END 8%, BUT YOU'RE, I MEAN, WE'RE, YOU'RE, THE BUDGET THAT IS BEING PROPOSED IS SUGGESTING THAT WE'RE ACTUALLY GOING TO COLLECT OVER LESS REVENUE THAN WE DID IN THE PRIOR FISCAL YEAR.

WE JUST WANNA MAKE SURE WE'D RATHER UNDER BUDGET, YOU CAN ALWAYS COME BACK FOR A BUDGET AMENDMENT IF THERE ARE PROPOSED PROJECTS OR, UM, ANY OTHER REQUESTS FROM DEPARTMENTS INSTEAD OF GOING OVER AND THEN YEAH.

THAT'S THE, THE PHRASE OTHER DEPARTMENTS IS WHAT CATCHES MY EAR.

WHERE IS THAT WHAT WE WANT TO DO IS TO LEAVE LIKE FRESH FREE MONEY OUT ON THE TABLE AND FOR OTHER DEPARTMENTS TO LOOK AT IT AND SAY, HEY, YOU KNOW, WE WANT THAT.

NO, I, OR WE EXPECT TO GET THAT.

I, I DON'T THINK THAT'S THE INTENTION.

WE'RE JUST MAKING SURE THAT WE ARE BEING CAREFUL WITH OUR BUDGETING SO WE DON'T END UP ON THE WRONG SIDE OF THAT.

UM, BUT WE DO KNOW THAT GOING FORWARD THERE ARE INFRASTRUCTURE NEEDS WITH PROJECTS THAT PUBLIC WORKS IS MANAGING THAT ALIGNED WITH THE STRATEGIC GOALS OF THE EDC.

SO I THINK THAT WE, WE KNOW THERE ARE VARIOUS PROJECTS THAT THEY WILL APPROACH THE EDC FOR HELP ON IT.

IT IS ALSO WORTH NOTING, UM, DURING THE MAY MEETING LAST YEAR, OUR PROJECTED REVENUE, IT WAS DIFFERENT THAN I THINK THE SECOND OR THIRD MONTH OF BUDGET SEASON.

UM, AFTER FINANCE PROVIDED SOME, SOME MORE REALISTIC PROJECTIONS FOR NEXT BUDGET YEAR.

SO IT'LL LIKELY SHIFT A LITTLE BIT, UM, AS WE GO THROUGH THE BUDGET PROCESS.

BUT TO START OUT, UM, WITH OUR BUDGETING PROCESS, WE WANT TO KEEP IT AS CONSERVATIVE AS WE CAN.

UH, LET'S SEE, I'M JUST RE REVIEWING MY NOTES HERE.

UM, THE LARGEST AND ANTICIPATED IMPACT ON THE EDCS FUND BALANCES WILL BE THOSE ONE TIME TRANSFERS.

SO EVERYTHING WE BUDGETED FOR THIS YEAR ACTUALLY, UM, FOR HARRIS STREET, FOR THINGS LIKE OUR MONUMENT SIGN, UM, YEAH, COMMUNITY EVENTS, ALL, UM, A COUPLE OF THOSE, NONE OF THAT MONEY HAS BEEN TRANSFERRED.

SO, UM, DEPENDING ON WHEN HARRIS STREET ACTUALLY, YOU KNOW, THE GROUNDBREAKING IS THEN WE WILL MOVE THAT MONEY OVER.

UM, SO THEN YOU'LL SEE THAT BIG CHANGE IN, IN THE FUND BALANCE.

UH, BUT OUR PLAN IS TO JUST PRESENT YOU OUR PRELIMINARY DRAFT BUDGET, UH, OUR NEXT MEETING.

SO THAT'S WHEN WE WILL HAVE A PRESENTATION TOGETHER AND HAVE JUST KIND OF ITEM BY ITEM AND WE'LL REFRESH ON WHAT EXACTLY IS PULLED FROM EACH ACCOUNT AND WHAT IT GOES TO AS FAR AS OPERATIONS AND PROJECTS AND ALL OF THAT.

SO TONIGHT, REALLY WHAT WE NEED FROM YOU IS ANY INPUT YOU MIGHT HAVE ON WHAT YOU WANT THOSE FUNDING PRIORITIES TO BE IN TERMS OF PROJECTS.

I KNOW, UM, THIS PAST YEAR WE HAD THE FULL SUR PASS TRACK, THE CANON, WE HAD OUR REGULAR COMMUNITY EVENTS, WHICH, UM, WHILE YOU'RE SEPARATE FROM B BOARD, THAT COMES FROM OUR PROMOTIONS FUND, SO YOU'RE STILL FULLY ABLE TO PARTICIPATE THERE.

UM, AND THEN WE HAD THE HARRIS STREET PROJECT AND THE ILA AGREEMENT THAT WAS SIGNED, UM, WITH THE COUNTY AND THE CITY AND BOTH EDCS.

SO THAT'LL BE ON THIS YEAR'S LIST.

AND THEN WE HAD THE GATEWAY SIGNS INTO THE CITY THAT WE'RE WAITING ON THP TO MOVE FORWARD WITH.

BUT IF THERE ARE PROJECTS OUTSIDE OF THAT THAT YOU WOULD LIKE FOR US TO CONSIDER AND ADD AND DO SOME RESEARCH ON, NOW WOULD BE THE TIME TO COMMUNICATE THAT.

AND WHEN YOU SAY NOW, YOU MEAN BETWEEN NOW AND THE NEXT MEETING BETWEEN US? NOT THIS .

NOT, NOT IN THIS EXACT MOMENT UNLESS YOU HAVE ANY IDEAS.

WE WILL BE HAPPY TO TAKE THOSE TOO.

BUT YEAH, BETWEEN NOW AND THEN IF ANYTHING COMES UP, UM, IF YOU SEE, YOU KNOW, SOMETIMES WE LOOK AT OUR NEIGHBORS AND WHAT OTHER CORPORATIONS ARE DOING, UM, AND, AND GET SOME IDEAS THERE, JUST SEND THEM OVER TO US AND WE'LL RUN THEM BY OUR LEGAL TEAM AND ADD THEM TO THE LIST.

SO AS IT SITS RIGHT NOW, UM, THE MAJOR PROJECTS THAT WE'RE TRACKING WOULD BE COMMUNITY EVENTS, UH, CULTURE, FAST TRACK, THE SECOND YEAR, THE ILA, UM, POTENTIALLY THE GATEWAY SIGNS IF THEY NEED TO BE PUSHED INTO NEXT YEAR, AND THEN THE EAST SIDE DRAINAGE PROJECT.

UM, SO THOSE WOULD PROBABLY BE OUR, OUR BIG SIGNIFICANT

[00:30:01]

PROJECT.

NOW WHEN YOU SAY EAST SIDE DRAINAGE PROJECT, YOU MEAN THE EAST SIDE DRAINAGE PROJECT AND THE EAST SIDE TRIBUTARY DRAINAGE PROJECT OR JUST THE ONE, THE TRIBUTARY? JUST THE ONE, JUST THE DRAINAGE.

JUST THE ONE.

JUST DRAINAGE, WHICH IS WHAT Y'ALL VOTED ON LAST TIME.

YES, YES.

AND WHAT'S THE TIMING? WELL, SO I THINK I'VE ASKED THIS BEFORE, THE TIMING OF THE PROJECTS, RIGHT? 'CAUSE WEST SIDE DRAINAGE PROJECT, WHEN DO THEY NEED MONEY FROM US? IS THAT NEXT YEAR? IS IT THE YEAR AFTER? SO WE'RE, WE'RE BUDGETING FOR, FOR EAST SIDE FORD NEXT YEAR, WEST SIDE.

SO WEST SIDE THAT, THAT'S WITHIN THE WALLACE STREET PROJECT.

UM, WHICH WE HAVEN'T DISCUSSED HERE.

UM, AND LIKE I, I DON'T KNOW THAT WE HAVE A TIMELINE ON.

SO THAT'S WHEN THAT WOULD BE NEEDED.

TWO YEARS.

THAT COULD BE, THAT COULD POTENTIALLY NEXT YEAR OR IT COULD BE THE YEAR AFTER.

BECAUSE THAT, I MEAN, IN WHEN WE TALK ABOUT PROJECTS, WE HAVE DRAINAGE PROJECTS AND WE HAVE STREET PROJECTS.

CORRECT.

I MEAN, JUST AT A HIGH LEVEL WHAT THE ABOARD DOES, THAT'S WHAT WE PAY FOR.

AND FOR ME IT'S, YOU KNOW, IT COMES DOWN TO WHEN DO WE EXPECT THEM TO START NEEDING FUNDS FROM US? MM-HMM.

FOR THOSE PROJECTS.

AND IS THERE ANY WAY THAT WE COULD SPEED UP THOSE PROJECTS? WE SPECIFICALLY REQUESTED, UM, OR I GUESS ADVISED THE BOARD TO, UH, SUPPORT THE EAST SIDE DRAINAGE PROJECT BECAUSE IT WAS THE CLOSEST TO BEING ABLE TO BE KICKED OFF AND MOST REALISTICALLY BEING ABLE TO START, UM, THIS, THIS NEXT FISCAL YEAR.

SO OUTSIDE OF THAT, IN THOSE DETAILS, IT WOULD REALLY HAVE TO BE DISCUSSED WITH THE PUBLIC WORKS STAFF TO KNOW THERE'S JUST DIFFERENT VARIABLES AFFECTING EACH PROJECT AND SOME OF THEM ARE DEPENDENT ON OTHERS.

SO IT'S JUST VERY PROJECT SPECIFIC.

BUT AS FAR AS WE KNOW FOR FISCAL YEAR 25, UM, THAT WAS THEIR ASK.

AND YOU'VE ANNOUNCED YOUR INTENTION.

SO, UH, UNLESS THE EAST SIDE TRIBUTARY, UM, PROJECT ENDS UP MOVING UP IN, UM, THE TIMELINE AND THEY COME BACK AND YOU'RE WANTING TO SUPPORT, THEN AT THAT TIME WE COULD DO A BUDGET AMENDMENT IF IT'S NOT INCLUDED IN THE ORIGINAL, UM, BUDGET FOR FISCAL YEAR 25.

AND THEN WHAT ABOUT, UH, PROGRESS ON, UM, SMALL BUSINESS SUPPORT, ESPECIALLY IN RELATION TO POSSIBLE IMPACT FEES? I HAVE BEGUN, UH, PROBABLY THE SECOND OR THIRD OR FOURTH DRAFT OF THE SMALL BUSINESS SUPPORT PLAN.

UM, SO I AM CURRENTLY TEARING THROUGH, THROUGH A BUNCH OF OTHER CITY'S PLANS AND TRYING TO FIGURE OUT HOW WE KIND OF FIT IN AND, AND ESPECIALLY FOR A BOARD, UM, HOW YOU GUYS CAN, CAN PLAY A PART IN THAT.

SO THAT IS BEING IN, IN THE WORKS, UM, THAT WOULDN'T BE SOMETHING NECESSARILY FOR A PROJECTS EXPENSE.

UM OKAY.

BUT IF WE NEED TO, I, I THINK WE HAVE A COUPLE LINE ITEMS FOR DIRECT INCENTIVES.

UM, THAT'S PROBABLY WHERE THAT WOULD FALL OUT OF ANYWAYS.

UM, I THINK FOR THIS YEAR WE KEPT IT THE SAME.

IT'S LIKE A HUNDRED THOUSAND DOLLARS FOR DIRECT INCENTIVES.

YEP.

UM, SO THAT, THAT'S PROBABLY GONNA BE THE PATH MOVING FORWARD, UM, AS WELL.

SO WE HAVE THAT'S ALREADY IN THE BUDGET THAT I I I BUT DO WE HAVE A WAY OF GIVING THAT MONEY OUT? CURRENTLY? IT WOULD JUST BE THEM APPROACHING IT YEAH.

AND BEING REQUEST REQUESTING TO BE PLACED ON THE AGENDA BOARD PRESIDENT AND FOR THAT, THOSE FUNDS TO BE USED IN THAT WAY.

AND A BOARD HAS ITS FUNDS AND B BOARD HAS ANOTHER SET OF FUNDS.

AND LEGAL'S.

WITH THIS, AND I'M ASKING BECAUSE I, AGAIN, GOING BACK TWO YEARS, WHEN I FIRST STARTED HAVING THIS PARTICULAR CONVERSATION, WE WERE GIVEN GUIDANCE FROM DIFFERENT LEGAL COUNSEL, UM, THAT WE NEEDED TO HAVE A PRO SOME TYPE OF PROGRAM IN PLACE, YOU KNOW, SO THAT WE COULD, SO SOMEONE COULD COME IN AND THERE WAS A CHECKLIST.

DID THEY FIT YEAH.

SOME TYPE OF SCREENING PROCESS AS OPPOSED TO SOMEONE NEW COMING IN WITH NO, YOU KNOW, WHERE IT WAS JUST, YOU KNOW, DO WE LIKE THEM OR DO WE NOT? WAS KIND OF THE CORRECT.

THE, THERE WAS AN INCENTIVE POLICY THAT WAS ADOPTED.

I WANNA SAY IT WAS EITHER LATE 2022.

OR EARLY 2023 THAT HAS THAT KIND OF OUTLINE.

UM, IT'S PROBABLY NEEDS TO BE REVISITED OKAY.

IN THIS NEXT YEAR.

UH, AND, AND CLEANED UP.

UM, I KNOW IT WAS KIND OF DONE QUICK, FAST, IN A HURRY WITH, UH, WITH INTERIM LEADERSHIP AND EVERYTHING ELSE.

UM, SO THAT'S DEFINITELY SOMETHING THAT WE'LL FOCUS ON ALONGSIDE THE SMALL BUSINESS INCENTIVE OKAY.

OR SUPPORT PLAN, UM, NEXT YEAR.

BUT IT, IT'S DEFINITELY SOMETHING WE'RE TRACKING ON OUR END.

THE, THE SYSTEM, THE WAY IT WORKS RIGHT NOW, IT'S REALLY, THEY, THEY CONTACT STAFF AND WE KIND OF, YOU KNOW, GO THROUGH AND MAKE SURE THAT IT IS A REASONABLE REQUEST.

SO THOSE ARE THE, THOSE ARE THE ITEMS THAT ARE ON MY LIST FOR, IN TERMS OF A BUDGET.

SURE.

AND I,

[00:35:01]

UM, AND THEN OUR LEGAL, UM, WOULD DRAFT AN AGREEMENT SPECIFIC TO THAT ASK, UH, AND SET METRICS AND ALL OF THAT.

LIKE WE'VE, UM, KIND OF DISCUSSED BRIEFLY HERE AND THERE, UM, JUST KIND OF LIKE WHEN, UM, THE RE FARMERS MARKET REQUESTED FUNDS OR ANYTHING LIKE THAT.

SO IT WOULD GO THROUGH A SIMILAR PROCESS RIGHT NOW.

UM, BUT YEAH, WE WOULD LOVE TO HAVE SOMETHING THAT PEOPLE CAN VISIT AND AN APPLICATION THAT'S EASY FOR THEM TO FOLLOW SO THAT THEY UNDERSTAND THE PROCESS AS WELL.

AND IT'S NOT JUST INTERNAL.

UM, SO JUST AN OVERVIEW OF WHAT WILL TAKE PLACE.

UH, AS I'VE MENTIONED, WE WILL HAVE THE DRAFT BUDGET AND THE A SA FOUR DISCUSSION AT THE JUNE MEETING.

AND THEN AT THE JULY MEETING WE WOULD HAVE THE FINAL FISCAL YEAR, UH, 25 BUDGET AND A SA FOR ADOPTION, THE OFFICIAL PROJECT DECLARATIONS.

AND, UM, WE'D HAVE PUBLIC HEARINGS AND PUBLIC NOTICE OF WHAT WE INTEND TO DO WITH THAT MONEY.

AND ULTIMATELY ALL THAT GOES TO COUNCIL AND THEN GETS ADOPTED BY COUNCIL, UM, ALONG WITH THE REST OF THE CITY'S BUDGET.

IS THAT IT? THAT'S IT.

CONSIDERATION AND ACTION ON FINANCIALS AND PAYABLES FOR THE CORPORATION FOR THE PERIOD ENDING MARCH 31ST, 2024.

ITEM NUMBER SIX,

[6. Consideration and action on financials and payables for the Corporation for the period ending March 31, 2024. ]

ALRIGHT.

UM, SO SALES TAX REVENUE RECEIVED IN MAY, UM, WAS UP, UH, POINT 28% FROM THE SAME PERIOD THE PREVIOUS YEAR.

OUR TOTAL REVENUES AS, UM, HAYDEN MENTIONED EARLIER, UH, TOTAL 53% OF THE BUDGET, UH, 50% OF THE FISCAL YEAR, 24.

ANY THOUGHTS OR QUESTIONS YOU'LL NOTICE? IT'S THE, THAT IS THE SLOWEST INCREASE, ALMOST A DECREASE THAT WE'VE EVER HAD, THAT WE'VE HAD IN ONE TO TEN EIGHT YEARS.

IT, IT IS WORTH NOTING THIS TIME LAST YEAR, I THINK IT ONLY INCREASED BY 1%.

SO FOR WHATEVER REASON, THIS PERIOD IS SLOW.

CONSIDERATION ACTION ON THE ADMITTANCE OF THE CORPORATION FOR THE, FOR THE APRIL 8TH, 2024, REGULAR MEETING.

SO IT'S NOT ANYTHING THAT WE'RE TERRIBLY CONCERNED WITH, BUT IT WAS FOR SURE A AN INTERESTING NUMBER TO COME ACROSS OUR, OUR TABLE.

AND YOU NEED A MOTION FROM US? YES, SIR.

UH, YOU NEED A MOTION THAT SAYS THAT WE PAY $16,276 AND 86 CENTS.

I CAN'T MAKE THE MOTION.

UH, I MOTION THAT WE APPROVE THE PAYABLES IN THE AMOUNT OF $16,276 AND 86 CENTS.

ANY FURTHER DISCUSSION? HEARING NONE.

ALL IN FAVOR? THE MOTION PASSES.

ITEM NUMBER SEVEN,

[7. Consideration and action on the minutes of the Corporation for the April 8, 2024, regular meeting. ]

ANY THOUGHTS OR CONVERSATIONS REGARDING THAT? THOSE MINUTES THAT WE NEED TO TALK ABOUT? NO.

YES SIR.

SO, UH, WE NEED A MOTION TO APPROVE.

I MOTION THAT WE APPROVE THE MINUTES FROM THE APRIL 8TH, 2024 MEETING.

SECOND.

IS THERE ANY DISCUSSION? HEARING NONE.

ALL IN FAVOR? AYE.

AND THE MOTION PASSES.

NUMBER EIGHT,

[8. Future agenda items ]

FUTURE AGENDA ITEMS. GIVE A SMILE ON YOUR FACE.

I'M ASSUMING YOU HAVE AN AGENDA ITEM.

UH, I DID CREATE THAT SUMMARY, UM, WITH THE MONTH BY MONTH AND SEND IT OUT AFTER LAST MONTH'S MEETING.

Y'ALL HAD IT IN YOUR EMAIL JUST KIND OF SEPARATELY UNDERNEATH THAT WAS A SUMMARY OF JUST ALL THE THINGS THAT ARE KIND OF ON OUR TO-DO LIST ON THE RADAR TO DISCUSS AT FUTURE MEETINGS.

THE SMALL BUSINESS INCENTIVE PLAN IS ONE OF THOSE.

SO IF, UM, THERE IS STILL SOMETHING THAT WASN'T IN THAT LIST OR THAT YOU WOULD LIKE FOR US TO HAVE, JUST LET ME KNOW AND WE'LL BE HAPPY TO ADD IT.

AND AS ALWAYS, IF SOMETHING COMES TO MIND THAT YOU WANT THE BOARD TO DISCUSS, JUST SEND US AN EMAIL.

LET BRIAN OR ONE OF US KNOW AND WE'LL BE HAPPY TO ADD IT ON THERE.

[00:40:01]

DO WE NEED TO TALK ABOUT OUR NEXT MEETING OR NO? UH, THERE'S NOT MUCH THAT THAT WE KNOW.

UM, OKAY.

I MEAN, IT'S KIND OF UP IN THE AIR.

IT JUST DEPENDS.

WE HAVE ASKED THE MAYOR TO APPOINT, UM, FOR A BOARD AT THIS NEXT MEETING, UM, WITH THE RUNOFF ELECTION.

I THINK THE PREFERENCE IS FOR THE NEW MAYOR TO MAKE THE APPOINTMENTS TO ALL BOARDS AND COMMISSIONS, BUT WE DO NEED A QUORUM TO MOVE FORWARD.

YEP.

UM, AND SO HE, HE IS AWARE OF THAT.

I THINK HE PLANS TO APPOINT THE MEMBERS FOR, TO MAKE SURE WE HAVE A QUORUM FOR A BOARD.

UM, FOR WHATEVER REASON, IF THAT DOESN'T HAPPEN MOVING FORWARD, OUR PLAN IS TO POSTPONE THAT, UH, JUNE MEETING, UH, TO THE, TO THE WEEK AFTER B BOARD.

AND TO JUST GIVEN ENOUGH TIME TO MAKE SURE THAT THE NEW MEMBERS ARE CAUGHT UP.

UM, AND THEN, AND THEN WE WILL SEE WHAT HAPPENS FROM THERE.

WILL THERE BE, UM, A PLAN FOR NEW MEMBERS TO GET UP TO SPEED OR ANYTHING? UH, YES.

THERE WILL BE SOME SORT OF TRAINING AND ORIENTATION FOR THEM TO MAKE SURE THAT THEY UNDERSTAND WHERE WE'RE AT.

SO WE WILL JUST WAIT FOR COMMUNICATION? YES.

AND THAT'LL HAPPEN NEXT WEEK? TOMORROW? YEAH, IT WOULD BE TOMORROW'S COUNCIL MEETING.

OKAY, GREAT.

ANY OTHER FUTURE AGENDA ITEMS? NO.

ITEM NUMBER NINE.

[9. Announcements ]

ANNOUNCEMENTS.

SO WHO WANTS TO MAKE THE ANNOUNCEMENTS? UM, YOU WERE JUST MENTIONING PATRICK POWERS, UM, TIME ON THE EBC WAS SHORT AND SWEET, BUT HE HAS BEEN , HE HAS BEEN ELECTED, UH, COUNCIL, A COUNCIL MEMBER.

SO, UM, TONIGHT IS HIS LAST OFFICIAL MEETING.

HE WILL BE SWORN IN AS A COUNCIL MEMBER TOMORROW.

SO WE HAD A LITTLE CERTIFICATE OF APPRECIATION TO PRESENT TO YOU.

OH, I REALLY APPRECIATE .

ABSOLUTELY.

THANK YOU FOR YOUR SERVICE.

PATRICK.

BEEN A PLEASURE.

IT'S BEEN A PLEASURE TO SERVE WITH YOU ALL.

I LOOK FORWARD TO CONTINUE TO SUPPORT YOU IN, UH, MY NEXT ROLE.

SO THANK YOU SO MUCH.

WELL, I SHOULD GO WITHOUT SAYING THAT WE, WE CONTINUE TO EXPECT YOU TO SUPPORT US IN YOUR NEW ROLE.

UH, I WOULD ALSO LIKE TO CONGRATULATE PATRICK ON WINNING.

UM, YES, THE DANCING.

HOW DID YOU NOT KNOW THIS WAS GONNA BE ANNOUNCED? I, IF SHE WASN'T GONNA ANNOUNCE IT, I WAS GONNA ANNOUNCE IT.

IF YOU HAVE NOT SEEN THE PHOTOS, HE HAD A, A VERY SPARKLY RED SHIRT.

UM, AND, AND WAS THE CHAMPION, I DON'T EVEN KNOW WHAT THE PROPER TERM IS, BUT THE ASIAN PACIFIC AMER AMERICAN HERITAGE ASSOCIATION HOSTED THEIR 32ND, UM, ANNUAL GALA AND A PART OF THAT WAS THIS DANCE COMPETITION AND PATRICK WON.

SO THANK YOU FOR REPRESENTING THE EDC AND THE CITY OF ER.

BOB .

I'LL WEAR MY SHIRT.

YOU'RE GONNA WEAR IT TOMORROW TO BE SWORN IN.

IS THAT WHAT ? ANY OTHER ANNOUNCEMENTS? NO.

NO.

SO OUR LAST AGENDA ITEM IS ADJOURNMENT.

IT IS 6 43.

DO I HEAR A MOTION? A MOTION TO ADJOURN AT 6 43.

SECOND, UH, WITH NO FURTHER DISCUSSION.

ALL IN FAVOR, AYE.