Feb 20, 2026 Terrell Economic Development Corporation

[1. CALL TO ORDER]

[00:01:47]

ALL RIGHT. NEXT WE HAVE REMARKS FROM VISITORS. DO WE HAVE ANY VISITORS THIS MORNING? NO, NO ONE HAS CHECKED IN. OKAY. NO ONE'S CHECKED IN. ALL RIGHT. OKAY. NEXT, WE HAVE DISCUSSED

[4. ADOPTION OF MINUTES]

HEARING NONE, THE CHAIR WILL ENTERTAIN A MOTION TO APPROVE THE AGENDA AS PRESENTED. I WILL MOVE TO APPROVE, AND I WILL SECOND. OKAY, SO TRAVIS MOTIONED AND MATT SECOND. ALL IN FAVOR SAY AYE. AYE. ALL RIGHT. NEXT WE HAVE DISCUSS AND CONSIDER THE NOVEMBER DECEMBER

[5. BUSINESS ITEMS]

AND THAT'S WHY WE'RE WAITING TO APPROVE THOSE TODAY. I WANTED TO MAKE SURE THAT YOU GUYS SAW THOSE BEFORE. AND IF YOU HAVE ANY QUESTIONS FROM THE PRESENTATION LAST MONTH, WE WANT TO MAKE SURE AND GET THOSE ANSWERED. OTHERWISE, YOU'D HEARD ROBERT'S EXPLANATION OF THEM LAST MEETING, AND WE'LL JUST ASK FOR APPROVAL OF THOSE TODAY. AND THEN HE'LL GO INTO THE JANUARY FINANCIALS FOR US. ALL RIGHT. OKAY. I'M GOING TO BRIEFLY ABOUT JANUARY REPORT.

I'M NOT GOING TO SPEND TIME ON DECEMBER BECAUSE IT WAS ALL ROLLED INTO THE YEAR. TONIGHT.

I WILL TELL YOU THAT THE HEADLINE STORY. FOR THE ABOUT BUDGET IN ONE. YEAR LAST YEAR FOR 500,000 FROM TIME TO TIME. SO THAT'S THE BIG HEADLINE STORY. THE OTHER THING THAT I WOULD POINT TO, BOTH ON THE REVENUE SIDE, ON THE EXPENSE SIDE, WE'RE HAVING A TIMING DIFFERENCE WITH NOT AN ABSOLUTE AMOUNT OF. RECEIVING MORE OR LESS. WE TRY TO CATCH UP LATER, BUT IN SOME CASES WE HAVEN'T YET. I'D LIKE TO POINT OUT A FEW THINGS. I'M TALKING ABOUT THE JANUARY 26TH. DON'T WORRY ABOUT IT. OUT OF THE BOX. $43,000 FOR THE MONTH. THAT'S KIND OF JUMPED OUT, YOU CAN SAY TO REMIND AMERICAN NATIONAL BANK QUARTERLY, THANK YOU. OKAY.

AMERICAN NATIONAL FOR SO WE'RE GOING TO HAVE LARGE ECONOMIC TIMES IN THREE MONTHS. AND THAT HAPPENED DURING THE MONTH. SO THAT'S THE INTEREST INCOME THAT THAT. BUT WE DO HAVE A DIFFERENT. BUDGET. THIS I THINK COMES BACK FIVE YEARS. NOT REALLY. ORGANIZATIONS. SO IT'S

[00:05:15]

OTHER THAN THAT, ON THE INCOME SIDE, THE GRAIL, THE FAIR ALLOCATION, THAT'S ONLY A TINY DIFFERENCE. IT WILL. SO WE DON'T EXPECT ANY LOSS OF INCOME. OR DO WE EXPECT ANY SAVINGS TO PASS THROUGH? WE COLLECTED AND WE DID IT. WAS JUST FANTASTIC THIS YEAR AND WE EXPECT TO DO THIS YEAR. TALKING ABOUT THE EXPENSES MAINLY LOOKING OVER THE FAR RIGHT THIS YEAR, THE LAST YEAR, BECAUSE OF OUR BUDGET, WE DID PAY FOR THE STRATEGIC PLAN THIS YEAR. WE DIDN'T HAVE THAT LAST YEAR. THAT'S 68,000. AND THEN DOWN THE OUR FINANCIAL STATEMENTS, WE STILL HAVE SOME GRANTS THAT WE HAVE DONE LAST YEAR. AND. WE THIS YEAR, WE DON'T WANT TO FORCE PEOPLE. THAT WE'D LIKE TO WORK WITH. THE SALES TAXES ARE NOT ON TRACK. LAST YEAR, A LITTLE BIT OF WEAKNESS THE LAST FEW MONTHS, BUT GROWTH IN SALES TAX. SO I THINK I'LL CALL THE WRONG TRACK TO THE. BOTTOM LINE IS WE'RE ABOUT 619,000 FOR WHAT WE WERE DOING ON THE BEFORE.

THE LAND SALES, 467,000 PLUS THE TIMING DIFFERENCES OVER THE SIX MONTHS. SO THAT'S HOW THE HEADLINES ESPECIALLY. EXCITING THIS YEAR FOR ALL THE HARD QUESTIONS NOW. THE SIGNAGE FALLS INTO. THE INITIALLY ABOUT THE INTEREST INCOME THAT. WE HAVE FOUND TO BE DEPLOYING.

THIS MONEY AS YOU LOOK AT THE BUDGET IS LIKE, WHAT WOULD YOU POINT OUT AS THE CLEAR AND OBVIOUS PLACES WHERE WE'RE SUPPOSED TO BE SPENDING IT HERE AND WE ARE NOT. I LIKE FOR US TO HAVE A GREATER DEAL FLOW ON OFFERING INCENTIVES TO HAVE COMPANIES MOVE HERE. SO I THINK WE AND CARLTON CAN TALK ABOUT IT MORE ABOUT THAT. BUT I REALLY WOULD LIKE TO HAVE A BIGGER DEAL FLOW FOR INCENTIVES. NOW WE ARE CREATING DRY POWDER, WHICH MEANS WE'LL HAVE MORE ABILITY TO DO MORE LATER. BUT WE'D LIKE TO HAVE GREATER DEAL FLOW THERE. AND THEN. I THINK IF YOU GO BACK TO OUR STRATEGIC PLAN, WE HAVE SOME PRETTY MAJOR INITIATIVES FOR WORKFORCE TRAINING AND DEVELOPMENT. AND THAT LOOKS LIKE GRANTS. AND IT ALSO LOOKS LIKE FUNDING FOR THE CTE PROGRAM. I WOULD ALSO POINT OUT I SKIPPED OVER THIS. WE'RE STILL SHORT TWO PEOPLE. WE WE BUDGETED TO BE FULLY STAFFED AND WE'RE NOT. IF WE HAD THOSE TWO PEOPLE, HOPEFULLY THEY WOULD BE DOING THINGS TO GENERATE ECONOMIC ACTIVITY. IT WOULD BE SPENDING MONEY. SO WE'RE WE'RE NOT SPENDING IT TO PAY THEM. BUT I SURE WISH WE HAD THEM. THEY'D BE DOING. YEAH.

SO I'M TRACKING THERE. I THINK THAT MY I GUESS MY QUESTION IS THAT IS YOU THE FACT THAT WE HAVE THAT WE ARE BUILDING UP ALL THIS DRY POWDER. THE EMPLOYMENT THING IS A GOOD EXAMPLE OF LIKE WE THOUGHT WE WOULD SPENDING IT HERE, BUT WE'RE NOT. I'M JUST WONDERING IF THIS IS A THERE'S TWO WAYS THAT I THINK THAT THIS COULD HAPPEN, THAT WE COULD BE ACCUMULATING A BUNCH OF EXTRA MONEY. THE FIRST ONE IS THAT WE HAD A REALLY GOOD PLAN TO DEPLOY THIS MONEY, AND WE'RE NOT FOLLOWING IT. THE OTHER OPTION IS THAT WE DIDN'T HAVE A VERY GOOD PLAN, AND SO THE MONEY IS JUST ACCUMULATING BECAUSE WE DIDN'T COME UP WITH A WE DIDN'T HAVE A PLAN TO SPEND IT. AND SO I GUESS THAT'S WHERE I'M TRYING TO Y'ALL ARE MORE, MUCH MORE INTIMATELY FAMILIAR WITH THE BUDGET LINES THAN I AM. AND SO I THINK THAT'S MY QUESTION. YEAH. AND SO TO ANSWER THAT IS WE WE DO HAVE A PLAN IN PLACE. AND I WILL IF YOU'LL NOTICE DOWN THE AGENDA WE'RE GOING TO TALK ABOUT IT. I HAVE THE SPREADSHEET HERE FOR YOU. AND I HAVE A PLAN FOR THAT WHERE WE'LL BE DEPLOYING SOME OF THAT CASH. IF YOU'LL NOTICE UNDER THE INCENTIVE LINE, WE DID SPEND A LITTLE OVER $1 MILLION IN INCENTIVES LAST MONTH WHERE WE MET OUR CONTRACTUAL OBLIGATION TO A COMPANY THAT'S EXPANDING, PLUS THE HIRING. SO THEY'RE IN THE WORKS. AND SO I THINK WHEN WE TALK ABOUT THE DEPLOYMENT OF THE PLAN, I HAVE A OPTION FOR YOU THERE THAT I HOPE YOU'LL LIKE AND THAT WE CAN GET A LOT OF THIS STARTED, A LOT OF THE, YOU KNOW, AGAIN, COMING UP, WE'RE GOING TO TALK ABOUT THE WINGS PROGRAM AND YOU GUYS VOTING ON THAT. AS YOU SEE THAT'S ON THE AGENDA. WE ALSO HAVE SOME TRAINING OPPORTUNITIES COMING UP. FOR EMPLOYERS THAT WE'RE SUPPORTING.

SO THERE'S A LOT COMING UP. AND HOPEFULLY WHEN WE GET TO THIS SECTION OF IT, TRAVIS WILL

[00:10:06]

WHEN WE GET TO THE END OF THAT PROJECT, IF WE DON'T GO AND DON'T CLOSE ON THE BUILDING, WE'LL WRITE IT ALL OFF AS EXPENSE. IF WE DO CLOSE, MUCH OF THAT WILL BE CAPITALIZED AND DEPRECIATED. BUT RIGHT NOW THERE'S CASH GOING OUT. AND IT'S IT'S NOT ONLY PROFIT AND LOSS STATEMENT, BUT IT IS A DEDUCTION FROM CASH ACCOUNTS. GET EXCITED ABOUT STUFF LIKE THAT. THE REST OF YOU PEOPLE SAY SO WHAT. BUT HEY, YOU KNOW, JUST PUT IT. YOU JUST PUT IT IN THE RIGHT LINE. THAT'S ALL. YOU KNOW. SO. ALL RIGHT. THANK YOU, TRAVIS, FOR YOUR QUESTIONS. DO I HEAR A MOTION FOR THE NOVEMBER DECEMBER FINANCES? CAN YOU, MADAM CHAIR, YOU CAN PROBABLY TIE THE JANUARY ONES INTO THAT AS WELL, IF YOU WOULD LIKE ALL THREE TO BE APPROVED.

DO I HEAR A MOTION FOR THE NOVEMBER, DECEMBER AND JANUARY FINANCES APPROVAL? I'LL MAKE A MOTION TO APPROVE. I'LL SECOND MOTION BY MATT AND SECOND BY TRAVIS. ALL IN FAVOR, SAY AYE.

MOTION CARRIES. OKAY. NEXT WE HAVE DISCUSS AND CONSIDER WINGS PROJECT GRANT OF $60,000. AND I HAD A CONVERSATION EARLIER WITH JACKIE AS A REMINDER OF THE THE $30,000 THAT WE PREVIOUSLY APPROVED WERE TO COVER SPECIFIC COSTS OF THE TESTING CENTER. IT COVERED THE CONTRACT LABOR OF AN ADMINISTRATIVE ASSISTANT THAT WAS ROUGHLY UNDER $21,000, AND IT COVERED SUPPLIES, CAMERAS THAT WERE REQUIRED BY THE POWERS THAT ALLOW FOR THE TESTING CENTER TO BE. AND THEN SO THIS IS A REQUEST FOR $60,000 TO SUPPORT THE WINGS PROJECT GRANT. AND IF I REMEMBER CORRECTLY, IT WOULD SPECIFICALLY GO TO COVER ESL AND COSTS. AND JACKIE IS IS NODDING HER HEAD. DO WE HAVE ANY ADDITIONAL INFORMATION FROM FROM JACKIE OR CARLTON OR ANY NEW NEW QUESTIONS FROM THE BOARD? WELL, IF YOU'LL REMEMBER, JACKIE MADE A VERY NICE PRESENTATION TO US AT OUR LAST BOARD MEETING AND AND TOLD YOU THAT WE WOULD BRING THIS BACK FOR YOU TO VOTE ON TODAY IF YOU WANTED TO APPROVE THIS GRANT. AND, YOU KNOW, MY RECOMMENDATION IS TO APPROVE THAT. AND IF YOU HAVE ANY QUESTIONS OF JACKIE, SHE'S HERE.

BUT THAT'S. THAT'S ALL I HAVE REGARDING THAT. SO. THANK YOU. CARLTON AND I, I AM AND I MAY LEAN ON OUR, OUR FINANCIAL ADVISORS JUST A BIT HERE BECAUSE I WAS TRYING TO RECALL WHAT THE $30,000 WENT TO SPECIFICALLY. SO THANK YOU, JACKIE, FOR MENTIONING THAT.

AND IT LOOKS LIKE, YOU KNOW, WE HAD SOME CONVERSATIONS ABOUT WHAT IS THE TAROT RESIDENT SHARE. AND IN 2024 TO 2025, 53.3% OF THE ENROLLED STUDENTS WERE TAROT RESIDENTS. AND SO IF IF WE, YOU KNOW, WE HAVE A COUPLE OF OPTIONS, YOU COULD HAVE THE OPTION TO TO TO NOT MOVE FORWARD. YOU HAVE THE OPTION TO POTENTIALLY COVER, YOU KNOW, IF WE USE THE PERCENTAGE FROM 2425, THE 53%, WHICH WOULD BE ABOUT $35,400, YOU COULD COVER THE ENTIRE $60,000 AND POTENTIALLY TAKE INTO THE ACCOUNT OF, YOU KNOW, THE INDIVIDUALS THAT, YOU KNOW, COME TO THE TESTING CENTER. THAT'S THAT'S BEEN THEIR TIME IN TAROT OR SPENDING SOME OF THEIR FUNDS IN TAROT AS THEY'RE COMING IN, PROBABLY GRABBING A COFFEE, HOPEFULLY SPENDING SOME MONEY IN TOWN. AND THEN ALSO THE TESTERS THAT ARE BOTH FROM OUTSIDE OF TAROT CONTRIBUTE. I DO NOT HAVE IT WRITTEN DOWN, BUT I WANT TO SAY IT WAS CLOSE TO MAYBE 20, AROUND $20,000 THAT THEY CONTRIBUTE IN AND TESTING FEES AS WELL. DOES THE BOARD HAVE ANY ADDITIONAL QUESTIONS OR RECOMMENDATIONS OR EMOTION REGARDING THE THE DOLLAR AMOUNT FOR THE TESTING CENTER? OUTSTANDING CONCERNS OR QUESTIONS? DO I HEAR A MOTION FOR THE WING CENTER? SO I WOULD MOVE TO 3% IN THE AMOUNT OF. AND I WILL SECOND THAT. OKAY. MOTION MOVED BY TRAVIS AND

[00:15:10]

THE THE THE FORMAT THAT YOU HAVE HERE WAS A SUGGESTION THAT TRAVIS HAD. I DIDN'T TELL HIM TO MAKE IT THIS LONG. NO, HE DIDN'T TELL ME TO MAKE IT THIS SMALL. BUT IT'S A LOT OF INFORMATION. SO I WILL WE WILL FIGURE OUT HOW TO MAKE THIS MORE LEGIBLE AND READABLE. NO, IT IS NOT UP THERE. IT IS A IT MAY SERVE US BETTER UP THERE AT SOME POINT, BUT I WANTED YOU GUYS TO HAVE A HARD COPY OF IT JUST TO TO SEE THROUGH THESE HUNDRED ITEMS. WHAT WE'RE WHAT WE'RE GOING ON. WHAT THIS IS, IS A DATE THAT WE DID SOMETHING AND THEN WHEN'S OUR NEXT WIN? WHAT'S THE NEXT ASPECT OF IT? AND THERE ARE THERE'S FIVE PAGES OF THIS WITH A LITTLE BIT SCATTERED THROUGH ALL OF IT. THIS OF COURSE, WILL BE A A LIVING DOCUMENT THAT YOU'LL SEE EVERY MONTH. AND WE WILL JUST KEEP YOU UP TO DATE ON THE PROGRESS. THIS IS FOR YOU TO TAKE HOME. YOU'RE WELCOME TO CALL ME WITH ANY OF IT, BUT YOU'RE PROBABLY WONDERING, CARLTON, WHAT ARE THE RED BLOCKS THERE? YEAH. SO. WHEN THE CHAMBER HIRED THEIR MARKETING PERSON, THEY HAD A VERY DIFFICULT TIME DECIDING BETWEEN TWO CANDIDATES. AND IT BASICALLY CAME DOWN TO THE ONE THAT THEY PICKED. THAT COUNCIL GOT TO MEET TUESDAY NIGHT. WON THE WON THE ROLE BECAUSE, WELL, IT WAS IMPORTANT THAT SHE BE BILINGUAL. SHE'S ACTUALLY MULTILINGUAL BECAUSE NOT ONLY DOES SHE SPEAK SPANISH, BUT I THINK SHE SPEAKS GERMAN AS WELL.

SO SHE'S. YEAH. SO THE OTHER CANDIDATE THEY BROUGHT TO ME FOR OUR COORDINATOR JOB, BECAUSE THAT'S MAINLY A MARKETING AND COMMUNICATIONS AND EVENTS TYPE PERSON. SO I'VE, I'VE VISITED WITH HIM. HE IS VERY TALENTED ON THE MARKETING AND COMMUNICATION EVENT SIDE.

HE DOESN'T HAVE A LOT OF EXPERIENCE AS VERY LITTLE OF THAT. HE UNDERSTANDS THE ROLE OF IT. HE KNOWS WHAT IT IS. AND SO I THOUGHT, WELL, LET ME LOOK AND SEE ON THIS STRATEGIC PLAN WHAT HE COULD IF WE WERE TO MAKE THIS PERSON AN OFFER AND BRING HIM ON, WHAT COULD THEY START WITH IMMEDIATELY? AND THERE'S 21 ITEMS ON THIS PLAN THAT COULD BE GOING IMMEDIATELY IF WE HAD THAT PERSON IN PLACE. SO. WE ARE LOOKING AT MAKING HIM AN OFFER AND GETTING THEM ON BOARD. AND. STARTING THE PROCESS OF GETTING OUR STORY TOLD, GETTING OUR PLANS IN PLACE, GETTING COMMUNICATION WITH ALL OUR BUSINESSES ON BUSINESS RETENTION SIDE IN PLACE WHILE WE'RE STILL LOOKING FOR THE ECONOMIC DEVELOPMENT MANAGER, THAT WILL OBVIOUSLY BE THE ONE THAT WILL HELP. THEY'LL HAVE TO HAVE THE SPECIFIC ECONOMIC DEVELOPMENT EXPERIENCE.

SO THAT'S WHY THE RED DOTS WILL WILL CONTINUE TO MAKE THIS DOCUMENT BETTER AND MORE LEGIBLE FOR YOU. SO YOU DON'T HAVE TO STRAIN YOUR EYES TO TO SEE IT. BUT I APPRECIATE TRAVIS SENDING ME, YOU KNOW, THE FORMAT. SO WE DROPPED ALL OF THE GOALS IN THERE AND AND PUT IN WHAT WE'VE ACCOMPLISHED SO FAR. AND AGAIN, THERE'S 5 OR 6 PAGES OF THESE. AND THE YOU CAN SEE YEAR ONE, YEAR THREE, YEAR FIVE WHERE THE X'S ARE IN THE YOU KNOW, THAT'S WHAT THEY SUGGESTED TO DO IN ONE, TWO, THREE, FOUR AND FIVE. SO ANYWAY, THAT'S WHERE WE ARE TODAY. AND WE'RE BUDGETED FOR THAT PERSON. AND I WOULD CERTAINLY LIKE TO GET STARTED WITH THEM. SO CAN WE GET THIS ELECTRONICALLY. ABSOLUTELY. I CAN GIVE IT TO YOU ELECTRONICALLY. I'M OLD.

WELL I KNOW IT'S IT WAS HARD FOR ME TO TO SEE THAT AS WELL. SO I WILL BE HAPPY TO SEND IT TO ALL OF YOU ELECTRONICALLY PLEASE. AND THANK YOU. YEAH. GOOD DEAL. TRAVIS'S. YEAH. SO I GUESS THE I GUESS MY ONLY QUESTION IS THIS. SINCE YOU HAVE GONE THROUGH THIS NOW ON THE OTHER SIDE, PRESUMABLY HAVE THE BENEFIT OF THIS THINKING WHAT I'M LIKE. SO IT SOUNDS LIKE WE'RE MOVING FORWARD WITH RESPECT TO THE EMPLOYMENT. I KNOW THAT'S A BIG UNLOCK. I'D

[00:20:03]

[00:25:03]

I CAN, I CAN, I CAN I CAN'T HELP YOU IF YOU DON'T KNOW WHAT YOU WANT. RIGHT. BUT EXACTLY THAT'S WHAT IT IS. SO I GUESS IT WOULD ALSO BE INTERESTING. CARLTON, DO THEY HAVE PARTICULAR EXPERTISE IN ANY PARTICULAR INDUSTRY? DO THEY KNOW MORE PLUMBERS THAN THEY DO ELECTRICIANS, OR IS THERE SOME IS THERE SOME STRENGTH THAT THEY HAVE IN A GROUP THAT WE MIGHT FIND? THEIR STRENGTH SEEMS TO BE IN? THIS IS AVIATION AND ADVANCED MANUFACTURING. THOSE SEEM TO BE THE TWO SHOWS THAT THEY HANG AROUND MOST. NOW. I SAY TWO SHOWS, THE TWO TYPES OF SHOWS. THERE'S PROBABLY A HALF DOZEN OF THEM THAT YOU KNOW THEY'RE A PART OF AND HAVE CONTACTS WITH, BUT THOSE SEEM TO BE THE TWO. ONES THAT I. I HEAR THEM TALKING ABOUT MOST. AND AND WHEN I STARTED TALKING TO THEM ABOUT IT, THEY DIDN'T KNOW WHAT WE WERE LOOKING FOR. BUT MANUFACTURING IS A BIG WORD. IT'S A BIG WORD. AND IT COULD BE ANYWHERE FROM COMPUTER CHIPS TO MEDICAL. IT'S A BIG, BROAD TERM, BUT. YOU KNOW, THE THE SHOW THAT THEY WERE AT LAST HAD TO DO WITH AUTOMATED WITH ADVANCED MANUFACTURING, WHICH IS THE KIND OF STUFF WE LOOK AT HERE. SO I GUESS MY QUESTION IS, AND I'M READING MORE HERE THAN PROBABLY ON THE PAPER, WOULD IT BE HELPFUL FOR THEM TO DO A GAP ANALYSIS OF US, TELL US THESE COMPANIES THAT WE'D LIKE TO HAVE THIS IS WHAT THEY'RE LOOKING FOR, THAT WE DON'T HAVE? OR IS THAT BEYOND THE SCOPE OF WHAT THEY WOULD POSSIBLY. I DON'T I DON'T KNOW THE ANSWER TO THAT, BUT I CAN ASK THE QUESTION AND IT WOULD BE HELPFUL, I THINK, IF WE HAD AN OBJECTIVE REVIEW THAT WOULD TELL US, THIS IS THIS IS WHAT YOU DON'T HAVE THAT YOU NEED IF YOU'RE GOING TO GET THESE KIND OF COMPANIES. I THINK, I THINK THAT'S I LIKE WHERE YOUR HEAD'S AT ON THAT BECAUSE IT'S A. I KNOW THAT WE'RE REAL EXCITED ABOUT THE, THE GRANT PROGRAM THAT WE HAVE AT THE AIRPORT. AND THAT SOUNDS ENTICING. IT'S REAL HELPFUL IF THE REASON THAT PEOPLE WOULDN'T COME HERE IS THAT I'D COME HERE. IF ONLY YOU WOULD GIVE ME ANOTHER ONE. IF YOU'D ONLY GIVE ME $100,000. YEAH, THERE MIGHT BE ONE PARTICULAR THING WE'RE ASKING FOR THAT THEY JUST CAN'T DO THAT. YEAH, YEAH. AND SO I THINK THAT THAT I THINK THAT GETTING I THINK THAT IF WE, IF IT ENDS UP THAT WE WERE TO ENGAGE WITH THESE PEOPLE, I THINK THAT WOULD BE A GOOD, PRODUCTIVE CONVERSATION. JUST LIKE WHAT IT'S LIKE, HEY, HERE'S WHAT WE GOT. WE GOT A GREAT AIRPORT. WE GOT A COOL INCENTIVE PLAN. YEP. YOU KNOW WHY? WHY WOULD YOU KNOW IF YOU WERE GOING OUT AND ENGAGING SOMEONE TO SAY, YOU SHOULD COME HERE? WHY ARE THEY GOING TO SAY NO? YEP. YEAH. ALONG WITH THE STORY OF WHY YOU SHOULD BE HERE, YOU KNOW, PERIOD. SO SO OKAY, SO THIS IS THE PRICE MENU. YEAH. THIS IS THEIR THEIR MENU. AND AND AGAIN YOU CAN GO ANYWHERE FROM I CALL IT THE ALL YOU CAN EAT BUFFET ALL THE WAY TO THE YOU KNOW THE PICK AND CHOOSE. SO THERE'S ANOTHER IF YOU'LL GO DOWN ONE MORE ANOTHER PAGE PEYTON AND SEE YOU KNOW. THERE'S A YOU KNOW THERE'S AN A LA CARTE SERVICE. THERE'S A FULL BLOWN SERVICE. THERE'S A AND QUITE FRANKLY, WITH ALL THAT, TRAVIS, I HAVE NO IDEA, YOU KNOW, SO WE I GUESS THERE'S ANOTHER JUST LIKE WHAT WOULD HAPPEN NEXT IF WE ENGAGED WITH THESE GUYS. LIKE, SO THE DELIVERABLE IS THAT LIKE, I GUESS WHAT WOULD YOUR DELIVERABLE BE. THEIR DELIVERABLE. DELIVERABLE WOULD BE FACE TO FACE MEETINGS WITH FOLKS THAT ARE LOOKING TO PLACE A BUSINESS SOMEPLACE. SO THE. GOTCHA OKAY. SO THAT SO

[00:30:06]

OKAY. YEAH. BECAUSE THAT'S YOU. THAT'S ME. YEAH. OKAY. YEAH. YEAH I'M GOING I'M GOING TO SELL THEM. THAT'S WHAT I THOUGHT. YEAH. OKAY. WHAT I FOUND EXCITING ABOUT THE, THE SITE. LOCATOR OR, OR SO I STARTED GOING THROUGH THE, THE STRATEGIC PLAN. I GET A KICK OUT OF THESE TYPE OF THINGS AND I SAID, OKAY, WELL WHAT WHAT TARGET INDUSTRIES DO THEY HAVE AND WHAT DO THEY MATCH UP TO. HOW DO THEY MATCH UP WITH OUR LONG TERM STRATEGIC, SHORT TERM AND LONG STRATEGIC PLANS? AND I SAW HEALTHCARE, ADVANCED MANUFACTURING, WAREHOUSE AND LOGISTICS. THEY ALSO MENTIONED RETAIL MEDICAL TECHNOLOGY, SOFTWARE AND IT. AND THE ONE I'M CURIOUS ABOUT IN TERMS OF FOOD PROCESSING, BECAUSE WE'VE TALKED ABOUT THIS IDEA OF LIKE COMMERCIAL KITCHENS AND ENTREPRENEURSHIP AND THE AMOUNT OF INDIVIDUALS THAT ARE CURRENTLY SELLING FOOD OUT OF THEIR HOMES AND HOW WE COULD POTENTIALLY, YOU KNOW, IT. I JUST FOUND MYSELF WANTING TO LEARN MORE ABOUT, YOU KNOW, COULD THEIR FOOD PROCESSING INDUSTRY, YOU KNOW, EXPERTISE THAT THEY'RE LISTING BENEFIT US IN THE WAY THAT, YOU KNOW, THE STRATEGIC PLAN CALLS FOR OR IS THAT, YOU KNOW, IS IT MAYBE THEY'RE FOCUSED ON LIKE THE TYSON FARM. AND THAT'S NOT WHAT WE'RE LOOKING FOR AT THIS TIME. SO I, I WOULD BE INTERESTED TO, YOU KNOW, AS, AS YOU'RE TALKING TO THEM CARLTON LEARN MORE TO SEE IF THAT WOULD FALL IN LINE WITH OUR, OUR OUR ENTREPRENEURSHIP AND AND FOOD SHARED KITCHEN PLAN THAT WE HAVE AS WELL. I'LL DO THAT. YEAH. BY THE WAY, THE ANY JUST FOR YOUR INFORMATION, ANY.

OPPORTUNITIES THAT COME IN FROM THE DALLAS REGIONAL CHAMBER OR FROM THE STATE OF TEXAS, OR FROM JUST SITE SELECTORS AT CONTACT US ABOUT FOOD PROCESSORS IF THEY ARE NOT WILLING TO PUT IN A PRE TREATMENT FACILITY, THEN WE CAN'T OFFER THAT BECAUSE OUR SEWER SYSTEM IS ANTIQUATED TODAY. AND AS THE COUNCILWOMAN KNOWS, AND IT'S A LOT OF MONEY TO UPGRADE IT AND WE CAN'T HANDLE ANYBODY THAT WON'T PRE-TREAT. SO. IF WHAT IS THE.

WHEN WE LOOK AT LIKE LIKE WHEN YOU'RE TELLING ME ABOUT THIS DELIVERABLE AND THIS IS WHAT THEY WOULD DO, THEY WOULD GIVE US AN INTRODUCTION TO AN ADVANCED MANUFACTURING COMPANY OR ONE OF THESE FOOD COMPANIES THAT MIGHT BE FIT WITH THE STRATEGIC PLAN IS THE LIMITING FACTOR FOR US RIGHT NOW THAT. IS, IF WE DON'T HAVE THE ABILITY TO IDENTIFY PEOPLE THAT WE WOULD WANT TO TALK TO. OR IS IT THAT WE KNOW WHO THEY ARE? THEY JUST WON'T TALK TO US BECAUSE WE'RE STRANGERS? IT IS A LITTLE BIT OF BOTH. OKAY, THE TEAM TEXAS AND THE ENCORE SHOWS THAT I GO WITH GIVE US THE ABILITY TO GET THOSE FOLKS IN FRONT OF US, OKAY? BECAUSE THEY'RE FAMILIAR WITH THE STATE OF TEXAS. THEY'RE FAMILIAR WITH WHAT ENCORE DOES. ENCORE PUTS THESE BOOTHS TOGETHER BECAUSE THEY WANT TO SELL ELECTRICITY, BUT THEY BRING ECONOMIC DEVELOPERS WITH THEM TO TRY TO MOVE THOSE PEOPLE. SO WE GET, YOU KNOW, WE GET LEADS FROM THAT AND WE CONTACT THOSE LEADS, AND SOME OF THEM ARE WILLING TO TALK. SOME OF THEM ARE NO, I REALLY NEED TO BE IN SOUTH TEXAS BECAUSE THAT'S WHERE MY RAW MATERIALS ARE OR WHATEVER.

SO THIS WILL ENHANCE OUR ABILITY TO DO THAT. AND I HOPE MAKE THE CONTACTS MORE, YOU KNOW, THAT THEY WILL NARROW THE FOCUS DOWN TO WHERE, HEY, I NEED A NORTH TEXAS. I NEED A DALLAS FORT WORTH AREA FACILITY. THAT'S WHERE I NEED TO BE. I MEAN, IT SOUNDS LIKE THIS WHERE I DON'T ALWAYS GET THOSE FROM OTHER OTHER SHOWS. LIKE, PRESUMABLY THESE PEOPLE ARE NOT GOING TO INTRODUCE YOU TO SOMEBODY THAT'S NOT OPEN TO MOVING IT. SO THEY'RE LOOKING AT BEING, YOU KNOW, EVEN ON THE EAST SIDE OF DALLAS. PERIOD. YEAH. SO OKAY. ALL RIGHT.

THAT'S WHAT MATT, DO YOU HAVE ANY ADDITIONAL QUESTIONS OR FEEDBACK? I MEAN, IF WE'RE WE'RE SPECIFICALLY TALKING ABOUT, YOU KNOW, TRYING TO TARGET SOMETHING IN AVIATION BUSINESS, I MEAN, I DON'T KNOW, DO WE LOOK AT EXISTING COMPANIES AT SURROUNDING

[00:35:04]

CARLTON, ARE YOU I HEARD YOU MENTION YOU'RE GOING TO CONTINUE CONVERSATIONS WITH WITH THE SITE LOCATION PARTNER. ARE YOU ARE YOU ADVISING US TO ARE YOU RECOMMENDING AT THIS TIME THAT YOU WOULD LIKE TO MOVE FORWARD WITH THEM AT A SPECIFIC DOLLAR AMOUNT, OR DID I HEAR YOU SAY EARLIER THAT YOU'RE GOING TO CONTINUE CONVERSATIONS? NO. THIS IS MORE OF A FOR INFORMATIONAL. I JUST WANT YOU TO KNOW THAT AFTER TRAVIS'S SUGGESTION FROM THE LAST MEETING, WE FOUND THIS COMPANY. AND I JUST WANT TO CONSIDER THIS TO CONTINUE CONVERSATION BEFORE WE COMMIT TO ANYTHING. I'LL BRING THAT COMMITMENT BACK TO YOU WITH THE SUPPORTING INFORMATION AS TO WHY I THINK THIS IS THE WAY TO GO. IF WE DECIDE TO DO THAT, IT LOOKS LIKE OUR TOP COST IS $12,000. THAT'S THE. ALTHOUGH THERE'S ANOTHER THERE. WE GO BACK A PAGE. I THOUGHT THERE WAS SOMETHING. YEAH, THERE'S SOMETHING BIGGER THAN THAT.

YEAH, THERE'S A 21. THERE'S 22,000 THE MOST THING. SO I GUESS LIKE I, I'VE NEVER BEEN ON ONE OF THESE BOARDS UNTIL JUST RECENTLY. SO LIKE, DO YOU NEED OUR PERMISSION TO SPEND THIS MONEY OR IS IT LIKE IF YOU TALK TO THEM AND IT'S THE RIGHT CALL, YOU CAN JUST DO IT? OH, I CAN, IT'S UNBUDGETED IS THE ONLY REASON YOU'RE SEEING IT. WE HAVE THE BUDGET. YEAH, BUT IT WASN'T A TRAVIS WANT TO SAY THAT IT'S NOT A BUDGETED LINE ITEM. YEAH. NO, YOU GUYS APPROVED I UNDERSTAND THAT. SO I THINK THAT WOULD. WOULD Y'ALL HAVE HEARTBURN IF I SPENT 22,000 ON THAT? LIKE, I GUESS OPTION ONE IS THAT IF YOU I DON'T KNOW WHAT YOUR TIMELINE IS, BUT IF YOU WERE GOING TO LIKE I'M GOING TO TALK TO HIM THIS WEEK. AND THEN IF I THINK IT'S REALLY GOOD, MY THEN I'M GOING TO HAVE TO COME BACK AND TALK TO THE BOARD AND GET THEIR PERMISSION. OH NO. YEAH. I SAY, I THINK THAT IF YOU TALK TO THEM AND IT'S THE RIGHT CALL AND YOU COME BACK HERE AND SAY, HEY, DUDE, THIS 22 GRAND PROGRAM, THIS IS THE THING THAT'S GOING TO DO IT. WE'RE GOING FORWARD. I WOULD MUCH RATHER YOU GO THAT ROUTE THAN SAY, I TALKED TO HIM. I THINK THAT WE SHOULD SPEND THIS 20, 2000. WHAT DO YOU THINK IT'S LIKE? WELL, WHAT MY OPINION IS THAT WE YOUR JOB IS TO MAKE THESE DECISIONS, AND I TRUST YOU TO DO SO. YES, ABSOLUTELY. TRAVIS, AS FAR AS, LIKE BOARD GOVERNANCE, IF, IF YOU IF WE WANTED TO AS A BOARD WE WE COULD AUTHORIZE OUR EXECUTIVE DIRECTOR TO NEGOTIATE A CONTRACT WITH THIS PARTICULAR OR ANOTHER SITE CONTRACTOR. AND IF WE WANTED TO PUT A SPECIFIC DOLLAR AMOUNT CEILING, WE COULD ALSO DO THAT IF WE WANTED TO, TO CAP IT. SO IF, IF THE BOARD WOULD WOULD LIKE TO MAKE THAT MOTION, WE COULD CONSIDER MOTION LIKE THAT. YOU COULD YEAH. YOU COULD MAKE A MOTION THAT SAYS WE COULD ENTER INTO AGREEMENT IF, IF IT IF WE THOUGHT TO DO THAT UP TO $22,000, WHAT WOULD YOUR RECOMMENDATION BE ON THE UPPER END OF LIKE WHERE WE SHOULD START TO BE IF WHAT IS THE NUMBER THAT CARLTON COULD COME BACK HERE AND SAY, HEY GUYS, I SPENT THIS WHERE WE WOULD BE LIKE, WHAT THE HECK, MAN? LIKE YOU SHOULD. YEAH, YEAH, YEAH, IT'S A BIG NUMBER. OKAY. SO YEAH, I MEAN, I, I MEAN, TO ME, THE, THE BIG THING IT'S INTERESTING TO ME IS YOU GET A DIFFERENT NUMBER OF FACE TO FACE MEETINGS FOR EACH DOLLAR, AND THAT'S THE REAL EXPENSE HERE. YOU SIGN UP FOR 12 FACE TO FACE MEETINGS AND YOU GET INTO THE THIRD ROUND. AND BOY, THIS IS A WASTE OF MY LIFE.

[00:40:05]

WHAT YOU'D LIKE TO DO IS HAVE THREE FACE TO FACE MEETINGS. YEAH, TO SEE IF IT'S ANY GOOD OR NOT. BUT THE PROBLEM IS, YOU MIGHT NOT GET TO TALK TO THE BEST PEOPLE UNLESS YOU PAY THE TOP DOLLAR. YEAH, THAT'S A GOOD CONSIDERATION. I THINK THAT CARLTON'S PROBABLY SMART ENOUGH TO TO THINK THAT WAY, ESPECIALLY NOW THAT YOU SAID IT SO EXPLICITLY. YEAH. THAT'S RIGHT, I DON'T KNOW. I MEAN, I IF WE'RE GOING TO MAKE A MOTION, I WOULD SAY THAT IT'S LIKE, I DON'T KNOW IF YOU IF IT'S THESE PEOPLE OR IT'S SOMEONE THAT'S LIKE THEM THAT YOU FIND A DIFFERENT OPTION THAT IS BETTER, I DON'T KNOW, 50 GRAND LIKE IF YOU'RE UP. YEAH. I MEAN, IF, IF WHATEVER YOUR ANSWER IS, IS GETS TO BE MUCH MORE THAN TWICE OF WHAT WE'VE TALKED ABOUT, I THINK MAYBE THAT WOULD BE WORTH ANOTHER CONVERSATION, BUT CERTAINLY UP TO LIKE, GOT IT.

YEAH. I THINK YOU RAISE A GOOD POINT THAT I'M SOMEWHAT EMBARRASSED TO SAY. I'M NOT SURE I KNOW THE ANSWER TO. THERE NEEDS TO BE A DEDICATED AMOUNT THAT CARLTON CAN SPEND THE MONEY AND DON'T HAVE TO ASK ANYBODY'S PERMISSION, AND THAT'S PROBABLY $50,000 IN BASED ON THE SIZE OF THE BUDGET IN, I WOULD HAVE TO SEE IF IT APPLIES TO IF IT CARRIES OVER TO A A CITY BOARD OR A BOARD. BUT WE CURRENTLY HAVE A CAP AT $50,000 FOR OUR CITY MANAGER.

ANYTHING ABOVE $50,000 THAT'S NOT BUDGETED DOES HAVE TO COME BEFORE COUNCIL CONSISTENT WITH THE CITY. YEAH, THAT SOUNDS LIKE A GOOD, GOOD NUMBER. OKAY, SO DO I HEAR A MOTION TO AUTHORIZE THE EXECUTIVE DIRECTOR TO EXECUTE A CONTRACT WITH A SITE LOCATION PARTNER IN AMOUNT NOT TO EXCEED $50,000. I WILL MOVE THAT. WE. I WILL MAKE THAT MOTION. YES, I'LL SECOND THAT MOTION BY TRAVIS. SECOND BY MATT. ALL IN FAVOR, SAY AYE. AYE. MOTION CARRIES. MY SUGGESTION WOULD BE TO IS THAT WE TAKE A LOOK AT THIS AT OUR POLICIES AND MAYBE DOCUMENT THAT A LITTLE BETTER AND BRING THAT BACK WITH A MORE FORMAL. YES. THERE MIGHT BE SEVERAL THINGS WE NEED TO LOOK AT IN THAT REGARD TO DELEGATE THAT AUTHORITIES. YEAH. JUST SET GOOD BOUNDARIES FOR SURE. OKAY. THE NEXT ONE I'M SORRY. NO YOU'RE GOOD. I YOU KNOW, I NEED A MOMENT TO CALL TO ORDER. I KNOW, I KNOW, I'M TELLING YOU, I'M JUST MOVING RIGHT ON. I'M SORRY ABOUT THAT. I USE I NEED A MOMENT TO LIST DOWN. WELL, IT SOUNDS LIKE. IT SEEMS LIKE YOU'RE ALSO KEEPING NOTES, CARLTON, BUT I'M ALSO NOTING DOWN WHO MADE THE MOTION, WHO FAVORED AND. AND THE MOTION CARRIED OR OR NOT. BUT YES. THE NEXT ITEM OF BUSINESS IS DISCUSS AND CONSIDER TEX POOL SIGNATURE CARD. AND THIS ITEM WILL BE PRESENTED BY CARLTON.

YES, WE TEX POOL IS WHERE WE HAVE OUR THE BULK OF OUR INVESTMENT. AND SO WE JUST NEED TO PUT NEW NAMES ON THERE. YOU KNOW ROBERT OBVIOUSLY HAS SERVED HIS NINE YEARS ON THE BOARD AND IS NOW AN EX OFFICIO BECAUSE OF THE FINANCIAL EXPERTISE AND BECAUSE OF BR.

MESSER. BUT HIS NAME NEEDS TO COME OFF OF THAT ACCOUNT. AND SO WE NEED TO PUT BOARD MEMBERS ON THAT ACCOUNT IN CASE THAT WE NEED TO MOVE MONEY ONE WAY OR THE OTHER. OKAY. SO I JUST NEED A MOTION TO. UPDATE THE UPDATE THE SIGNATURE CARD WITH THE BOARD MEMBERS. I DON'T THINK THERE'S ANY LIMIT ON THE NUMBER OF PEOPLE YOU CAN PUT THERE. SO IT MAKES SENSE. IT MAKES RIGHT.

IT MAKES SENSE TO TO HAVE EVERYBODY ON THE SIGNATURE CARD. AND THE ONLY REASON YOU'RE SAYING, CARLTON, WHY ARE YOU ASKING FOR MINUTES FOR FOR THAT? BECAUSE THEY NEED A COPY OF THE MINUTES TO MAKE THE CHANGE. YOU'RE NOT GOING TO CHANGE IT WITHOUT YOU HAVE A COPY OF THE MINUTES. SO. SO I'LL NEED SOMEBODY TO MAKE A MOTION TO ADD. UNLESS THERE'S ONE OF YOU THAT JUST. MAN, I DON'T WANT TO BE ON THAT. DON'T PUT MY NAME ON WHATEVER. BUT IT'S. PART OF IS IT PUTTING THE BOARD IN GENERAL ON THE NAME OR IS AN INDIVIDUAL? EACH INDIVIDUAL WILL BE NAMED ON THERE AS THE AS HAVING THE AUTHORITY TO APPROVE MONEY BEING MOVED FROM THE TEX POOL INVESTMENT INTO OUR OPERATING OKAY OR VICE VERSA. YEAH. IT'S JUST LIKE YOU'RE JUST LIKE IN A BANK. IT'S SIGNATURE CARD. YEAH. SO I'LL MOVE THAT. WE UPDATE SIGNATURE CARD. OKAY. I'LL SECOND THAT MOTION BY TRAVIS, SECOND BY MATT. ALL IN FAVOR SAY MOTION BY TRAVIS, SECOND BY MATT. ALL IN FAVOR SAY AYE. MOTION CARRIES. NEXT ITEM OF

[6. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING]

[7. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION]

[00:45:05]

I'LL SECOND. MOTION FROM TRAVIS. SECOND FROM MATT. DO ALL IN FAVOR SAY AYE. AYE. MOTION CARRIES. IF THERE IS NO FURTHER BUSINESS, THE CHAIR WILL ENTERTAIN A MOTION TO ADJOURN.

I'LL MAKE A MOTION TO ADJOURN. I'LL SECOND. ALL IN FAVOR, SAY AYE. THIS MEETING IS ADJOURNED AT

* This transcript was compiled from uncorrected Closed Captioning.