[1. CALL TO ORDER]
[00:00:11]
MEETING OF THE ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS WILL COME TO ORDER AT 8:01 A.M. SO FIRST, WE'LL HAVE INVOCATION AND PLEDGES. IF CARLTON, YOU WILL DO THE DO US THE HONOR OF LEADING US. I WILL LET'S LET'S STAND FOR THE INVOCATION AND THE PLEDGE.
FATHER IN HEAVEN, WE THANK YOU FOR ALLOWING US TO BE HERE TODAY. WE THANK YOU FOR THE MANY BLESSINGS THAT YOU GIVE US EACH AND EVERY DAY. FATHER, WE CONTINUE TO PRAY FOR US AND HER FAMILY. AND JUST ASK THAT YOU CONTINUE TO COMFORT THEM. GIVE US CLEAR MIND AND THOUGHT TODAY AS WE MAKE DECISIONS FOR THE EDC. AND THANK YOU FOR THE FOOD THAT WE'VE HAD THIS MORNING.
BLESS IT TO THE NOURISHMENT OF OUR BODIES AND US TO YOUR SERVICE. IN JESUS NAME, AMEN.
AMEN. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS. ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
HONOR THE TEXAS FLAG. I PLEDGE ALLEGIANCE TO THEE, TEXAS ONE. AND TO. ALL, UNDER GOD. WHO.
WHO THROUGH HIS OFF. YEAH, THAT'S RIGHT. TEXAS. ALRIGHT. YES. AND I HOPE WE'RE BETTER AT ECONOMIC DEVELOPMENT. SO WE'LL PUT IT IN THE POCKET NEXT TIME. THANK YOU, THANK YOU. AND I JUST WANT TO TAKE ANOTHER MOMENT TO. TO ACKNOWLEDGE AND ASK EVERYONE TO KEEP SHAMITA WILSON, OUR CHAIRS FAMILY AND HER AND OUR THOUGHTS AND PRAYERS IN THIS DIFFICULT TIME.
I ALSO WANT TO HIGHLIGHT THAT A FEW OF US, INCLUDING A RAELYNN, WE JUST CAME BACK FROM THE NATIONAL LEAGUE OF CITIES IN WASHINGTON, DC, AND THIS IS A CONFERENCE WHERE BOTH CITY STAFF MEMBERS AND ELECTED OFFICIALS FROM ACROSS THE COUNTRY GET TOGETHER TO TALK ABOUT THE MOST PRESSING ISSUES OF OUR TIME. AND AS WE KNOW, LIKE ECONOMIC DEVELOPMENT IS NOW WE'VE WE'VE STARTED TALKING IN THIS LAST YEAR OR SO ABOUT ECONOMIC DEVELOPMENT REALLY BEING MORE OF COMMUNITY ECONOMIC DEVELOPMENT NOW. AND SO WE HEARD VARIOUS TOPICS, OF COURSE, FROM HOUSING AND ECONOMIC DEVELOPMENT TOGETHER. WE HEARD, AND WE WERE HAVING A CONVERSATION AT NLC ABOUT COMMONWEALTH DEVELOPMENT DEPARTMENT AND HOW THEY'RE FOCUSING NOW ON THEIR MAIN THREE PRIORITIES ARE MANUFACTURING AND SEMICONDUCTORS AND AI, WHICH ARE, YOU KNOW, TWO OF THE THREE, MAYBE ALL THREE POTENTIALLY ARE IN LINE WITH WITH OUR STRATEGIC PLAN. AND IT WAS REALLY GOOD TO BE THERE AND LEARN AND HEAR FROM OUR EXPERTS, BUT THEN ALSO WHAT OTHER CITIES ARE DOING IN THEIR COMMUNITIES. SO I WANTED TO MENTION WE HAD A PRESENCE AT THE CONFERENCE THIS PAST WEEK. AND WITH THAT, WE WILL HEAR REMARKS FROM VISITORS, IF ANY. WE'RE NOT SEEING ANY VISITORS IN THE CHAMBERS. ITEM NUMBER
[4. ADOPTION OF MINUTES]
FOUR, WE'LL DISCUSS AND CONSIDER APPROVAL OF THE MEETING MINUTES FROM THE MEETING HELD ON JANUARY 16TH, 2020 SIXTH. I REVIEWED THE THE MEETING MINUTES AND AT THIS TIME I DO NOT HAVE ANY RECOMMENDATION FOR EDITS. HOWEVER, THEY HAVE BEEN DISTRIBUTED TO THE ENTIRE BOARD. DO WE HAVE FEEDBACK ON ANY EDITS FOR THE MEETING MINUTES FROM FEBRUARY JANUARY. OKAY. IF SINCE THERE ARE NO CHANGES, THE CHAIR WILL ENTERTAIN A MOTION TO APPROVE THE AGENDA AS PRESENTED. I'LL MAKE THAT MOTION SECOND. OKAY. MOTION MADE BY MATT, SECOND BY TRAVIS. ALL IN FAVOR, SAY AYE. AYE. ALL OPPOSED? SAY NO. THE MOTION CARRIES AND THE AGENDA IS APPROVED. THE NEXT ITEM OF BUSINESS WILL BE ITEM FIVE.[5. BUSINESS ITEMS]
DISCUSS AND CONSIDER FEBRUARY FINANCIALS. AND WE HAVE OUR OUR WE HAVE ROBERT. AND WE ALSO HAVE SADIE GUTIERREZ PRESENT WITH US TODAY. AND SO ROBERT WILL LEAD US INTO THE THE FEBRUARY FINANCIALS. THE MOST EXCITING PART OF THE MEETING OBVIOUSLY IS TALKING ABOUT THE FINANCIAL STATEMENTS. IT ALWAYS IS. AS IS OUR CUSTOM, SADIE WILL ANSWER ALL THE HARD QUESTIONS. SO PLEASE DIRECT THEM THAT WAY. WHEN I TALK ABOUT WHEN I LOOK AT THE[00:05:05]
FINANCIAL STATEMENTS, I REALLY FOCUS ON FOUR COLUMNS. I FIRST LOOK OVER AT THE LEFT HAND SIDE TO SEE THE YOUR ACTUAL TO THE YEAR BUDGET TO SEE IF WE'RE DOING KIND OF LIKE WE THOUGHT WE WOULD. AND THEN IF THERE'S ANY BIG DIFFERENCE, I WILL LOOK AT THE MONTH TO SEE IF ANYTHING HAPPENED DURING THE MONTH THAT WAS AN OUTLIER. THEN NEXT, GO OVER TO SEE HOW WE WERE DOING COMPARED TO LAST YEAR. SO THAT'S KIND OF HOW I LOOK AT IT STARTING AT THE TOP. I THINK INTEREST INCOME, WE HAD A HUGE PAYMENT THAT CAME IN IN THE MONTH OF FEBRUARY. AMERICAN NATIONAL BANK PAYS THEIR INTEREST QUARTERLY. SO WE HAVE EPISODIC PAYMENTS AND BIG AMOUNTS. AND WE HAD ONE THIS MONTH. SO WE HAD A BIGGER INTEREST PAYMENT OR WE'RE DOING MUCH BETTER THAN WE THOUGHT WE WOULD, $119,000 AHEAD OF BUDGET AND $58,000 AHEAD OF WHERE WE WERE A YEAR AGO. AND THAT'S BECAUSE WE GOT MORE CASH. THERE'S GOOD THINGS AND BAD THINGS ABOUT HAVING MORE CASH. WE GOT MORE MONEY, BUT THAT MEANS THAT WE NEED TO SPEND SOME MONEY. SO WE HAVE LIQUIDITY AND WE'RE ANXIOUS TO FIND PROJECTS TO SPEND THAT ON.THE NEXT LINE DOWN IS REALLY THE STORY ABOUT THE FINANCIAL STATEMENTS. WE HAD A LAND SALE EARLIER IN THE YEAR FOR $487,000. IF YOU LOOK DOWN AT THE LOWER RIGHT HAND CORNER, YOU CAN SEE WHERE $589,000 AHEAD OF WHERE WE WERE A YEAR AGO. WELL, THAT'S PRETTY MUCH THE STRATEGIC PLAN THAT WE DIDN'T HAVE THIS YEAR. AND THE LAND SALE. SO THE LAND SALE IS A BIG PART. RAIL REPAIR IS JUST DIFFICULT TO ESTIMATE WHEN IT WILL HAPPEN BECAUSE IT DEPENDS ON WHEN THE WORK'S DONE. AND WE HAVEN'T DONE WORK YET THIS YEAR, AND WE WILL BE COLLECTING AND DOING WORK LATER IN THE YEAR. SO IT'S IT'S OFF FROM BUDGET AND DIFFERENT THAN LAST YEAR.
BUT THAT'S JUST THE WAY THIS WORKS WITH THIS LINE ITEM HERE. SALES TAX IS AHEAD OF WHERE WE THOUGHT IT WOULD BE BY $138,000. BUT WE'RE WE'RE TRAILING LAST YEAR. WE'RE ABOUT $43,000 BEHIND WHERE WE WERE LAST YEAR. CARLTON MAY WANT TO REMARK ON THAT. I DON'T KNOW THAT WE FEEL LIKE WE HAVE A LOT OF WEAKNESS IN RETAIL SALES, BUT. CARLTON, ANY OPINION ABOUT WHAT'S GOING ON? NO, I THINK DOING BETTER THAN WE THOUGHT. BUT WE'RE NOT AS GOOD AS WE WERE LAST YEAR.
RIGHT. I THINK JUST THING TO REMEMBER IS JANUARY AND FEBRUARY ARE TRADITIONALLY THE SLOWEST TIMES A MONTH BECAUSE EVERYBODY SPENT THEIR MONEY IN DECEMBER. AND YOU'RE, YOU KNOW, AS FAR AS RETAIL GOES, JANUARY IS RETURN MONTH IN FEBRUARY. THEY DON'T SPEND A WHOLE LOT EXCEPT MAYBE ON VALENTINE'S. BUT I DON'T YOU KNOW, I THINK OUR OUR BUDGETS PRETTY SOLID THERE. HOW'S THE HOW'S THE INTEREST. HOW'S THE OR NOT HOW IS THE SALES TAX INCOME SPREAD ACROSS THE BUDGET? IS IT ACTUALLY FORECASTED OR IS IT JUST THIS IS WHAT WE THINK WE'RE GOING TO GET FOR THE YEAR AND WE DIVIDE IT BY 12. TYPICALLY WHAT WE DO IS, IS JUST DO DIVIDED BY 12, RIGHT? BECAUSE TYPICALLY SALES. YEAH, IT'S WE CAN MAKE THOSE GUESSES, BUT THEN I'M NOT SURE IT'S A BETTER GUESS THAN JUST FLAT LINES AND WHAT WE NORMALLY DO IN ORDER TO HAVE A CONSERVATIVE LOOK OF OUR EXPECTATIONS IS WE'LL TAKE LAST YEAR'S NUMBER AND GIVE IT A LITTLE HAIRCUT, JUST SO THAT WE DON'T PLAN ON SPENDING EVERYTHING. AND THAT'S SO IT'S NOT UNUSUAL FOR US TO BEAT THE BUDGET ON THE SALES TAX INCOME. OKAY. I DO THINK WE NEED TO MONITOR IT. IT'S STILL NOT A PROBLEM, BUT IT IS AN INTERESTING FACT TO ME AT THIS STAGE THAT WE'RE RUNNING BEHIND WHERE WE WERE LAST YEAR. I DON'T KNOW WHAT'S GOING ON THERE. THAT'S A BIGGER QUESTION THOUGH. THAT'S KIND OF THE TOTAL INCOME BEATING BUDGET $700,000, WITH THE DIFFERENCES BEING THE LAND SALE AND THE DIFFERENCE IN THE RAIL REPAIR.
AND WE'RE AHEAD OF LAST YEAR BECAUSE WE SOLD SOME LAND, THE EXPENSES, I THINK THERE'S ONE NUMBER HERE THAT WE JUST REALLY MISSED, AND THAT'S ON THE ENGINEERING SERVICES. WE THOUGHT WE WOULD SPEND $83,000 AND WE HAVE NOT SPENT MUCH. WE SPENT LESS THAN TEN. THAT'S WHAT WE PLAN ON DOING SOME STUFF AND HAVING SOME ENGINEERING THINGS GOING ON.
AND THAT'S NOT WHAT'S GOING ON RIGHT NOW. SO WE HAVEN'T SPENT THE MONEY. HOPEFULLY, I HOPE WE HAVE ENOUGH GOING ON BETWEEN NOW AND THE END OF THE YEAR THAT WE BLOW BY OUR ENGINEERING BUDGET, BECAUSE THAT MEANS GOOD THINGS ARE HAPPENING ABOUT WHERE IT WAS LAST YEAR. THE THE NEXT LINE ITEM DOWN. WE WE DID THE STRATEGIC PLAN LAST YEAR, NOT DOING IT THIS YEAR. SO THAT'S $94,000 BEHIND EXPENSES ON THE BUDGET AND ON THE YEAR TO DATE BECAUSE OF THE THE STRATEGIC PLAN AND THE MIS AND ENGINEERING SERVICES, I THINK THE REST OF THE BUDGET IS JUST BACKGROUND NOISE, BOTH COMPARED TO THE BUDGET AND LAST YEAR, JUST STATIC IN THE BACKGROUND.
NO BIG DIFFERENCES THERE. DOWN CLOSER TO THE BOTTOM OF THE PAGE. WE'RE $87,000 LESS THAN WE WERE LAST YEAR, MAINLY BECAUSE OF OUR CTE CONTRIBUTIONS, AND WE VOTED LAST MONTH TO CATCH THAT UP. SO THAT'LL NORMALIZE DURING THE YEAR. BOTTOM LINE, BOTTOM LINE, WE'RE AHEAD OF BUDGET AND AHEAD OF LAST YEAR BASICALLY BECAUSE THE LAND SALE AND THEN WHAT
[00:10:01]
WE'RE DOING WITH THE STRATEGIC PLAN, I THINK THE FINANCIAL STATEMENT TO ME SAYS ABOUT WHAT IT DID LAST MONTH, WE'VE GOT A LOT OF FINANCIAL FLEXIBILITY. WE HAVE SOME ABILITY TO DO SOME NEAT STUFF. WE JUST NEED TO WORK REAL HARD ON GETTING SOME PROJECTS IN FRONT OF US, AND SADIE WILL BE GLAD TO ANSWER ANY OF THE DIFFICULT QUESTIONS THAT YOU MAY HAVE. SO MY MAIN MY MAIN QUESTION IS THAT IS THERE. I JUST GOT OUT OF MY FINANCIAL REVIEW MEETING YESTERDAY, AND ONE OF THE THINGS THAT WE'RE THAT WE'RE LEVELING UP JUST TO REVIEW THE FINANCIAL STATEMENTS TO ACTUALLY LOOKING AT, YOU KNOW, MORE, YOU KNOW, ACTUAL PERFORMANCE INDICATORS. AND SO, I DON'T KNOW, I MEAN, BEING PRETTY NEW TO THE EDC, ARE THERE, YOU KNOW, KIND OF TYPICALLY EXPECTED KPIS THAT ARE A BETTER INDICATOR OF PERFORMANCE AND HEALTH THAN SIMPLY LOOKING AT THESE NUMBERS? I MEAN, SO LIKE TO YOUR POINT ABOUT, IS THERE SOMETHING IN THE COMMUNITY OF EDC PEOPLE WHERE YOU WOULD BE LOOKING AT A RATIO OF HOW MUCH MONEY HAVE WE BROUGHT IN RELATIVE TO HOW MUCH ARE WE PUTTING OUT? AND I THINK THAT IF IF THOSE THINGS EXIST, I THINK THAT THAT MIGHT BE A BETTER INDICATOR THAN US JUST SAYING, HEY, INSTEAD OF LIKE, WE LOOK AT THE NUMBERS, WE SEE THAT WE GOT A LOT OF THAT.WE'RE SITTING ON A LOT OF CASH, WHATEVER. IS THERE SOMETHING THAT'S MORE LIKE A REALLY GOOD EDC SPENDS 80% OF MONEY THAT COMES IN OR SOMETHING? I DON'T KNOW WHAT THOSE NUMBERS WOULD BE. I'LL OFFER A FEW SUGGESTIONS AND THEN CARLTON CAN FILL IN THE GAPS. I THINK ONE OF THE THINGS THAT WE NEED TO PAY MORE ATTENTION TO IS OUR POTENTIAL DEAL FLOW. YEAH, THAT'S A LEADING INDICATOR. DO WE HAVE STUFF IN FRONT OF US THAT'S GOING TO CREATE A TAX BASE AND JOBS? YEAH, I THINK WE CAN LOOK AT THAT. I THINK WE CAN LOOK AT WHAT WE'RE DOING TO DEVELOP WORKFORCE, OUR WORKFORCE DEVELOPMENT. I KIND OF TAKE SOME OF THE THINGS THAT WE'VE TARGETED IN OUR STRATEGIC PLAN AND PUT SOME KPIS. I THINK WE'VE DONE A GOOD JOB. AND UNDER YOUR SUGGESTION TO START BRINGING THAT FORWARD. YEAH. THEN I THINK CARLTON DOES HAVE A REPORT THAT SHOWS THIS IS WHAT WE'VE COMMITTED TO DO AND WHAT OUR EXPECTED CASH FLOW IS IN THE FUTURE. SO I DON'T KNOW. CARLTON, WHAT'S YOUR THOUGHTS ON THAT? YEAH, IT IT IS A GOOD INDICATOR OF WHAT WE PROJECTS THAT WE HAVE IN FRONT OF US. YOU KNOW, WE WE STILL HAVE.
$1.2 MILLION ON DEALS THAT WE'VE ALREADY DONE TO PAY OUT INCENTIVE WISE. WE HAVE SOME MORE THAT WILL BE PRESENTED TO YOU TODAY. SO THOSE ARE GOOD INDICATORS. AND I THINK WE MAYBE CAN PUT THOSE TOGETHER IN A DIFFERENT WAY SO THAT YOU CAN. IT'LL BE EASY FOR THE BOARD TO SEE WHAT'S IN FRONT OF US, WHERE OUR MONEY'S HEADED FROM, ONES THAT WHERE THE DEAL'S ALREADY BEEN INKED AND WE'RE ABOUT TO PAY THOSE TO THE ONES THAT ARE THE POSSIBILITIES DOWN TOWARDS THE END. SO YEAH, I THINK, ROBERT, UNDERSTAND YOU'RE RIGHT. WHAT YOU'RE SUGGESTING IS SOMETHING THAT IS LIKE THAT, THAT MY COMPANY WOULD BE MORE LIKE A SALES PIPELINE. YEAH. IT'S LIKE A REAL GOOD PROBLEM FOR US TO HAVE WOULD BE IF WE'VE GOT, YOU KNOW, A COUPLE MILLION DOLLARS THAT WE'RE SITTING ON AND WE'VE GOT $8 MILLION WORTH OF PROJECTS THAT WE COULD PICK FROM, SO WE COULD MAKE SURE THAT WE'RE KEEPING THE BEST.
SHE'S THE BEST ONE. AND THEN WE MIGHT BE THINKING OF OTHER WAYS TO CREATE SOME DEBT OR DO SOME OTHER DELIVERABLES. I WISH WE HAD $20 MILLION IN THE BACKLOG RIGHT NOW FOR THINGS. YEAH.
OKAY. AND I THINK IT WOULD BE GOOD TO HAVE THAT PIPELINE BROKEN OUT. WE SENT OUT SOME PROPOSALS. WE'VE ACTUALLY MET WITH PEOPLE. YEAH, WE'VE SENT THEM STUFF. SO I THINK I THINK A ROBUST PIPELINE WOULD BE VERY APPROPRIATE. OKAY. TRAVIS, THAT'S A GOOD QUESTION. IN TERMS OF THE THE ADDITIONAL KPIS FOR PERFORMANCE, IS THAT SOMETHING THAT BOTH, YOU KNOW, CARLTON, IAN AND ROBERT, IS THAT SOMETHING THAT WE COULD HAVE READY TO REVIEW IN THE NEXT MEETING? NEXT BOARD MEETING. YEAH, PERFECT. THANK YOU. TRAVIS, DO YOU HAVE ANY ADDITIONAL QUESTIONS? I THOUGHT YOU HAD I KIND OF THOUGHT A I SAW A THOUGHT FORMING THERE. NO, THAT'S. NO, I MEAN, I, I MIGHT JUST SOMETHING SIMPLE. I THINK THAT THAT'D BE GOOD. JUST SO THAT WAY WE COULD SEE WHAT WE GOT IN THERE. OKAY. MATT, DO YOU HAVE ANY ADDITIONAL QUESTIONS OR THOUGHTS BEFORE WE MOVE ON TO THE NEXT ITEM? JUST LOOKING AT THE DECREASE IN THE SALES TAX, I'M CURIOUS TO SEE HOW THAT TREND LOOKS IN THE COMING MONTHS, WHETHER THAT'S JUST KIND OF ISOLATED TO SEASONAL OR IF THAT'S MORE COMMON AMONGST OTHER CITIES AND OTHER AREAS. ALSO TO SEE IF IT'S SOMETHING ISOLATED JUST HERE IT WAS, IF I REMEMBER THE LAST MONTH, IT WAS DOWN COUNTYWIDE AS WELL. SO OF COURSE, WE'RE THE LARGEST TAX COLLECTOR, SO US BEING DOWN CAN DRIVE THE REST OF THE COUNTY. BUT IT WAS DOWN COUNTYWIDE LAST LAST MONTH. SO I THINK YOU PASSED OUT A DOCUMENT TUESDAY THAT REFLECTED EVERYBODY'S
[00:15:03]
STRUGGLING, SOME MORE THAN US. AND IT'S JUST I THINK SAYS SOMETHING ABOUT THE MACRO ECONOMY. IT'S AND IT'S WORRISOME TO ME. I MEAN, I'M, I'M PROMISE YOU THERE'S PEOPLE OTHER THAN US ARE A LOT MORE WORRIED THAN WE ARE ABOUT THIS. SO THIS IS, THIS IS A BIG DEAL THE WAY OUR AREA IS GOING TO HAVE DECLINING. AND IT'S NOT BIG ENOUGH TO MATTER YET, BUT IT'S A BAROMETER. AND IT'S INTERESTING. WE COULD BE AT SOME POINT. OKAY, WELL I'D LIKE TO KEEP AN EYE ON THAT GOING FORWARD. ALSO, AS WE CONSIDER SPENDING. OKAY. THANK YOU MATT.SO AT THIS TIME, I WILL ENTERTAIN A MOTION TO APPROVE THE FEBRUARY FINANCIALS. I'LL MAKE THAT MOTION MOTION MADE BY MATT, SECOND BY TRAVIS. ALL IN FAVOR, SAY I, I, I. SORRY, ALL OPPOSED? SAY NO. THE MOTION CARRIES. THE FEBRUARY FINANCIALS ARE APPROVED. ITEM SIX, DISCUSS AND CONSIDER 402 SOUTH VIRGINIA PROPERTY. AND THIS ITEM WILL BE LED BY CARLTON. I'LL. YEAH, I'LL START WITH IT. I PUT A MAP THERE SO THAT YOU COULD KIND OF SEE WHERE THE PROPERTY IS. THIS WAS THE. FOR THOSE OF YOU WHO'VE BEEN AROUND HERE A LONG TIME, REMEMBER THE OLD POPS GAS STATION? I THINK IN FACT, MOM AND POP, MOM AND POPS, WHAT IT WAS. AND THE BUILDING IS NOW GONE, IF I REMEMBER CORRECTLY. BUT THE UNDERGROUND TANKS ARE STILL THERE. AND THIS IS A PROPERTY THAT THE THE LEARNING EXPERIMENT, WHICH IS A CHILD CARE, EARLY CHILDHOOD EDUCATION COMPANY, IS VERY INTERESTED IN. AND SO AT ONE POINT, THE CITY WANTED US TO TAKE THE PROPERTY AND, AND HELP DEVELOP IT. AND WE VERY KINDLY AND PROFESSIONALLY REFUSED BECAUSE WE DIDN'T WANT THE PROBLEM. HOWEVER, IN ORDER TO GET THE CHILDCARE THERE. RYLAND HAS GONE AND FOUND SOME GOT A QUOTE FOR HELPING TO BRING THE TANKS OUT AND CLEAN UP, AND ARE ASKING US TO PARTICIPATE IN THAT, AND I THINK THAT MAY BE SOMETHING THAT WE MIGHT WANT TO DO TO GET THAT PROJECT MOVING ALONG. AND RYLAN, YOU WANT TO TALK ANY MORE ABOUT THIS? YEAH. SO WHAT I HAVE IS A QUOTE FROM FROM ENVIRONMENTAL RECONSTRUCTION SERVICES. THEY'RE QUOTING $39,480. THAT WILL GIVE US THE FIRST SIX MONTHS WORTH OF MONITORING, GIVES US A STOCKPILE FOR. SOIL SAMPLES, ETC. I'VE ALSO RECEIVED THE DEMOLITION BID TO HAVE THAT LOT COMPLETELY CLEARED. RIGHT NOW WE'VE THERE'S A COUPLE OF ACCESSORY BUILDINGS. IT NEEDS TO BE CLEANED AND GRADED. SO THE CITY OBVIOUSLY HAS PARTICIPATED WITH LAND ACQUISITION. WE WOULD ALSO BE WILLING TO PICK UP THE DEMOLITION AND CLEARING COSTS. I HAD THE I HAD URS AND ALSO THE DEMO CONTRACTOR MEET TOGETHER LAST WEEK. SO I'LL BE REQUESTING FUNDING FOR THE DEMOLITION FROM CITY COUNCIL ON TUESDAY. BUT THIS WOULD BE. WHAT WE'RE REQUESTING IS THE EDC HELP PARTICIPATE IN THE TANK REMOVAL. OBVIOUSLY, THE CITY WOULD STILL MAINTAIN OWNERSHIP OF THE PROPERTY AND WE WOULD CONTINUE TO MONITOR THE LAND UNTIL IT IS READY FOR NEW DEVELOPMENT. CARLTON, DO YOU HAVE A ADDITIONAL INFORMATION TO SHARE? WELL, THIS IS, YOU KNOW, CHILD CARE AND I75160 AND 75161 ARE BOTH CONSIDERED CHILDCARE DESERTS. AND AS FAR AS THE NORTH CENTRAL TEXAS WORKFORCE BOARD, THAT HAVING SAID THAT, 75160 JUST WENT BACK OVER THE MARK OF NOT BEING A DESERT, BUT I EXPECT IT TO COME BACK WITH THE GROWTH THAT WE'RE HAVING HERE. AND THIS IS A GREAT OPPORTUNITY TO GET A QUALITY CHILDCARE IN TERRELL AT A. I THINK A PRETTY GOOD LOCATION FOR FOR EVERYBODY TO BE ABLE TO USE. SO THE LEARNING EXPERIMENT IS A NATIONWIDE COMPANY AND WITH A GOOD REPUTATION, THEY WOULD FIT THE RISING STAR CRITERIA SET ASIDE BY THE STATE OF TEXAS AS A HIGH END CHILDCARE. FACILITY. SO I THINK IT'S ALSO IMPORTANT TO MENTION WHAT WE WOULD LIKE TO DO IS ULTIMATELY INCENTIVIZE THIS LOT TO A CORPORATION OR A
[00:20:06]
BUSINESS LIKE THE LEARNING EXPERIENCE. AND SO IT WOULD BE THE PROPERTY ITSELF AS AN INCENTIVE TO HAVE THEM LOCATE TO TERRELL. SO IT WOULD BE AN INVESTMENT IN THAT TERM. AND BY THE WAY, JUST JUST TO LET YOU KNOW, A LITTLE BACKGROUND ON THIS, ON, ON WHEN SHE BROUGHT UP THE, I WORD, THE INCENTIVIZE WORD CITIES CAN STATE LEGISLATURE PASSED. LAW EITHER IN THIS PAST LEGISLATIVE SESSION OR THE ONE BEFORE THAT CITIES CAN ADOPT THAT SPECIFIC LEGISLATION TO INCENTIVIZE CHILDCARE. AND IF I REMEMBER CORRECTLY, THE CITY OF TERRELL HAS DONE THAT. BUT ON THE ON THE TAX ON THE TAX SIDE. OKAY. SORRY ABOUT THAT. THEY HAVE NOT DONE THAT YET. IT IS THERE TO DO. AND SO THEY COULD AS AN AS A TYPE A EDC CAN INCENTIVIZE WE CAN HELP WITH INFRASTRUCTURE, BUT WE CAN'T INCENTIVIZE. BUT THE CITY COULD HELP DO THAT. SO YOU CAN. THESE THESE TANK REMOVALS OR RADIATION CAN ABSOLUTELY BECOME LITERAL. AND IF YOU POUR MONEY INTO IT. IS THIS THE SOME CERTAIN AMOUNT OR ARE THEY OPEN IT UP. COULD IT BE BIGGER THAN THIS? SO WHAT WE'RE ASKING FOR TODAY IS THE, THE COMMITMENT FOR THE INITIAL REMOVAL OF THE TANKS. AND ONCE WE HAVE THE SOIL SAMPLES BACK AND WE HAVE THE MONITORING RECOMMENDATIONS MOVING FORWARD, I WILL TELL YOU, AS MANY OF YOU KNOW, WE HAVE TWO AMAZING PARKING LOTS IN DOWNTOWN TERRELL. BUT YES, THEY HAVE COST US A SIGNIFICANT AMOUNT.THE CITY UNDERSTANDS THAT WE PURCHASE THESE PROPERTIES. WE KNEW THAT THEY WERE GAS STATIONS WHEN WE PURCHASED THEM. SO WE'RE NOT ASKING FOR A COMMITMENT TODAY FOR THE LONG TERM MONITORING OF THE PROPERTY, BUT TO AT LEAST GET IT INTO A PLACE WHERE WE KNOW WHAT WE HAVE AND HOW WE'RE GOING TO HAVE TO MOVE FORWARD WITH CLEARING IT. THE GOOD NEWS IS, IS THIS IS PART OF THE TOWN SQUARE PROPER. THAT'S HOW WE ACQUIRED THIS PROPERTY. AND SO IT IS WITHIN TRES ONE. SO WE'RE ABLE TO DO SOME THINGS OUTSIDE OF JUST THE REGULAR CITY COUNCIL OPERATING BUDGET TO HELP MOVE THESE PROPERTIES ALONG. SO THIS WOULD JUST BE A PARTNERSHIP IN THE TANK REMOVAL ITSELF. AND THEN I WOULD KEEP YOU UPDATED ON WHEN THE PROPERTY WOULD BE READY FOR NEW DEVELOPMENT. AND GEOGRAPHICALLY THIS FALLS UNDER PADDOCK IS CORRECT. IT IS DOWNTOWN DISTRICT PADDOCK DOING ANY PARTICIPATION IN THIS OR IS THIS? THIS WOULD JUST BE TERSE. ONE EDC IN THE CITY AND TODAY'S ASK IS JUST FOR THE 39. YES, 39 FOR 8010 CITY OF TERRELL HAD LIKE I SAID, HAS ACQUIRED. AND WE WOULD PICK UP THE COST FOR THE CLEARING AND DEMOLITION OF THE PROPERTY. THEY'RE NOT ASKING FOR ANY FURTHER COMMITMENT FROM THE EDC BEYOND NONE WHATSOEVER. SO NOT ASKING FOR US TO DO THE FULL ENVIRONMENTAL CLEANUP MITIGATION THAT'S NOT ON EDC. THIS IS FOR THIS WILL BE FOR THE SYSTEM REMOVAL AND THE FIRST ROUND OF SAMPLING. AND THEN AFTER THAT THE CITY WOULD.
THAT'S WHEN WE WOULD LEARN WHAT TYPE OF MONITORING WOULD HAVE TO TAKE PLACE IN THE FUTURE. IF YOU DON'T MIND A SECOND QUESTION, MAYBE THIS FALLS INTO THE WHEELHOUSE BECAUSE OF THE NEED TO SUBSIDIZE CHARLES TYPEKIT. THEY MAY HAVE BEEN TO. CHILDCARE FALLS THROUGH. WHAT'S THE LIKELIHOOD THE EDC WILL BE SUBSIDIZING SOMETHING THAT'S REALLY OUTSIDE THE SCOPE OF WHAT THEY SHOULD BE WORKING ON? IN OTHER WORDS, IF YOU DECIDED TO PUT THE NEW YORK BUILDING DOWN, I THINK THE REASON THAT THIS PROPERTY IS A GOOD PARTNERSHIP BETWEEN THE CITY AND THE EDC IS IT'S ACTUALLY THERE ON THE SPUR. IF IT WAS WITHIN TOWN SQUARE PROPER, LIKE WITHIN THE RESIDENTIAL STREETS, I THINK THAT THERE WOULD BE A POSSIBILITY THAT IT WOULD LEAN MORE TOWARDS RETAIL. BUT IF OUR ZONING FOR SPUR TWO, TWO, SIX, ESPECIALLY IN BETWEEN THE RAILROAD AND AIRPORT ROAD, WE GENERALLY WE'VE GOT LIGHT INDUSTRIAL. YOU HAVE SOME HEAVY COMMERCIAL. THROUGH THAT CORRIDOR. MOST OF THE REQUESTS THAT WE SEE ALONG THE SPUR ARE GOING TO BE HIGHER, HEAVIER COMMERCIAL. SO I THINK IT EVEN IF IT WASN'T A DAYCARE, IT WOULD PROBABLY LEND TOWARDS MORE OF AN INDUSTRY OR OFFICE SPACE. COULD THIS POSSIBLY FALL UNDER PADDOCK SINCE IT'S IN THE PADDOCK TERRITORY? OR IS THIS NOT A PADDOCK PROJECT? COULD IT
[00:25:05]
BE IT FALLS WITHIN THE DOWNTOWN DISTRICT ZONING, BUT THEY HAVE HISTORICALLY ONLY DONE MINIMAL GRANTS FOR THE FOR THE PROPERTIES THAT ARE ZONED DOWNTOWN DISTRICT, THEY TRY TO STAY WITHIN THE CENTRAL BUSINESS DISTRICT. THAT'S A REALLY GOOD QUESTION. MATT. I WOULD LIKE TO HEAR A LITTLE BIT MORE FROM FROM CITY STAFF, FROM THE CHAMBER IN TERMS OF WHAT OTHER DAYCARE PROJECTS ARE BEING DISCUSSED THAT I'VE I'VE HEARD THERE'S SOME CONVERSATIONS WITH TERRELL ISD ABOUT OPENING DAY DAYCARE. I'VE I'VE ALSO HEARD THAT THERE'S A, A SEPARATE COMPANY THAT'S LOOKING AT PROPERTY IN THE CITY OF, OF TERRELL. AND THAT I THINK IT'S A GOOD QUESTION AS WELL AT VARIOUS THOUGHTS AND QUESTIONS HERE AT THE SAME TIME.DAYCARE IS, IS ONE OF THOSE. IT FEELS LIKE LOW HANGING FRUIT. AND IT'S ALSO A BARRIER TO WHY WE HAVE, I BELIEVE, IF I REMEMBER CORRECTLY, ABOUT 30% OF, OF OUR, OF WOMEN IN THE CITY OF TERRELL ARE, ARE NOT WORKING IN ONE OF THOSE BARRIERS IS, IS ACCESS TO, TO DAYCARE. SO THIS WOULD BE AN OPPORTUNITY TO BRING IN MORE, MORE INDIVIDUALS AND SPECIFICALLY WOMEN AS WELL INTO THE WORKFORCE, WHICH WOULD BE A GOOD THING FOR, FOR TERRELL.
BUT I ALSO WANT TO BE MINDFUL OF THE DIFFERENT PROJECTS THAT ARE BEING DISCUSSED. I'VE HEARD REALLY GOOD QUESTIONS HERE FROM THE BOARD ABOUT IS THIS OUR IS THE CITY ASKING. OR LOOKING TO HAVE THIS EXPENSE FROM THE RIGHT BUCKET? RIGHT. IS IT THE RIGHT BUCKET FOR EDC? IS IT THE RIGHT BUCKET FOR PADDOCK OR POTENTIALLY A DIFFERENT BUCKET OF MONEY THAT IT CAN BE USED DEPENDING ON WHAT IT ULTIMATELY COMES TO, TO BE IN THE FUTURE? AND SHOULD IT NOT BE A DAYCARE CENTER IN THE FUTURE, COULD THERE BE? I DON'T WANT TO FEEL LIKE BECAUSE WE WE ARE HEALTHY.
EDC IS HEALTHY AT THIS TIME THAT WE'RE LIKE PENNY PINCHING, BUT AT THE SAME TIME, LIKE, HOW DO WE GUARANTEE THAT THE FUNDS ARE ULTIMATELY USED FOR PROJECT THAT ISN'T IN OUR WHEELHOUSE? AND COULD WE PUT ANY. ANY LANGUAGE THAT WOULD GUARANTEE OR POTENTIALLY EVEN RETURN THAT FUNDING TO THE EDC IF IT'S NOT USED FOR SOMETHING THAT'S IN OUR STRATEGIC PLAN? SO I WOULDN'T BE VERY SUPPORTIVE OF THE OVERALL PROJECT. THE OVERALL GOAL FOR DAYCARE, AND HOW SOON WE CAN BRING THAT TO THE CITY OF, OF TAROT FOR OUR COMMUNITY AND WORKFORCE DEVELOPMENT. BUT I'M ALSO LOOKING TO HEAR WHAT ARE THOSE OTHER PROJECTS THAT ARE BEING DISCUSSED IN THE CITY OF, OF TAROT AND HOW CLOSE WERE THOSE ARE COMPARED TO HOW CLOSE WE WOULD BE WITH THE EARLY LEARNING EXPERIENCE TO HAVE THEM COME INTO THE CITY OF TAROT. SO I CAN TELL YOU, OUR LAST YEAR WE GOT GREAT MOVEMENT WITH THE LEARNING EXPERIENCE.
IN FACT, THEY HAVE EVEN GONE AS FAR AS TO ASK FOR A LETTER OF INTEREST FROM THE CITY VERY EASILY. IN YOUR MINUTES, YOU COULD DOCUMENT THAT ANY FUTURE USE OR UPDATES MUST COME BACK TO EDC ABOUT THIS PROPERTY. I DON'T NECESSARILY KNOW ABOUT. I MEAN, WE COULD PROBABLY DO A PERFORMANCE AGREEMENT OR AN MOU BETWEEN THE CITY AND EDC WITH AN UNDERSTANDING FOR THE USE OF THE PROPERTY SO THAT IT DOESN'T TURN RETAIL, BUT THAT IT FALL WITHIN THE SCOPE OF THE EDC WITH YOUR PARTICIPATION. AGAIN, IT'S CITY LAND, SO IT WOULD ALWAYS GO BEFORE CITY COUNCIL FOR A USE OR ANY PARTICULAR INCENTIVE OR EVEN A PURCHASE FROM SOMEONE ELSE. WE COULD ALWAYS BRING THAT BACK TO THE EDC FOR SECONDARY APPROVAL. WHAT ABOUT ADDITIONAL PROJECTS THAT WE'VE HEARD ABOUT IN TERMS OF DAYCARE CENTERS IN THE CITY OF TAROT? WE'VE ANGIE AND I MET WITH ONE GROUP. THEY'RE BOTH SCHOOL TEACHERS OUT OF ANOTHER SCHOOL DISTRICT THAT ARE LOOKING TO ESTABLISH A DAYCARE ENTAIL. THEY'RE LOOKING AT SECOND GENERATION BUILDINGS AND NOT PROPERTIES. AND THIS WOULD BE A. BILINGUAL, MULTILINGUAL TYPE CHILDCARE FACILITY. THAT'S
[00:30:12]
THE ONLY OTHER ONE THAT I'VE HEARD OF. SO OTHER THAN THIS ONE, AND IT SOUNDS THAT I, I DON'T WANT TO MAKE THE ASSUMPTION HAVE THEY DO DO THEY OR ANY OF THEIR PARTNERS THAT WE KNOW OF HAVE EXPERIENCE IN RUNNING A DAYCARE CENTER? KNOW OTHER THAN BEING SCHOOL, SCHOOL TEACHERS. THAT'S, THAT'S THEIR EXPERIENCE LEVEL. OKAY. AND WHAT ABOUT THE SCHOOL DISTRICT? DO WE KNOW IF, IF THOSE ARE JUST CONVERSATIONS OR IF THEY ARE, THEY'RE MOVING FORWARD WITH THE PLAN. WE KNOW THAT THEY HAVE FILED THEIR PAPERWORK WITH THE STATE OF TEXAS. WILL THAT BE FOR THAT? WILL THAT WILL START AS THAT WILL START AS DISTRICT EMPLOYEES. AND THEN AS THEY HAVE THE CAPACITY, THEY'LL EXPAND THAT TO THE COMMUNITY. TRAVIS, DO YOU HAVE ADDITIONAL THOUGHTS OR QUESTIONS? I MEAN, SOUNDS LIKE SOME KIND OF DOCUMENTATION THAT YOU CAN GIVE US MONEY. WOULD YOU LIKE? PRIMARY HOPE WOULD BE THAT THIS WOULD GO TOWARDS THE DAYCARE THAT WOULD FALL THROUGH. WE WOULD ALSO BE SUPPORTIVE OF SOMETHING ELSE THAT FALLS IN LINE WITH OUR PLAN AND ALL OF THAT FOLLOW THROUGH. SOMETHING THAT IS OUT OF TOWN THAT WE WOULD EXPECT TO EASY ENOUGH, RIGHT? OKAY. THE. THAT'S WHY WE PUT SMART PEOPLE ON THIS BOARD, ISN'T IT? ROBERT. SO, TRAVIS, IS THAT IN THE. TRAVIS. IS THAT IN THE FORM OF OF A MOTION IN THE AMOUNT TO TRYING TO GET SOMEONE FEEL FREE TO HELP ME OUT WITH THE AMOUNTS HERE. 39 480 DOES THIS HAVE TO BE A MEMO? JUST PUT IT IN THE MINUTES. EITHER WAY. OKAY. YES, YES. MY MOTION IS THAT WE. AUDIT THE AMOUNT OF 39,039 480 AND $0.10 $39,480.10 FOR THIS INITIATIVE.IT'S ON THE UNDERSTANDING THAT THIS THAT THIS WOULD BE TO SUPPORT THIS DAYCARE THAT'S GOING IN. AND WE THINK IT'S SOMETHING WORTH FALL THROUGH WITH THAT. WE WOULD ALSO BE GLAD TO SUPPORT SOMETHING IN LINE WITH OUR STRATEGIC PLAN. AND IF ALL OF THOSE THINGS WERE TO FALL THROUGH, THEN WE WOULD EXPECT THE CITY TO. IF. WELL. TYPE ALL THAT. I WAS GETTING READY TO ASK LEGAL IF IF I SHOULD INTERVIEW NOW OR OR TRY TO AMEND A MOTION. BUT WOULD WOULD THE BOARD ALSO BE. COULD WE ADD INTO THE MOTION. WOULD THE BOARD ALSO BE OKAY WITH JUST, YOU KNOW, CITY STAFF COMING BACK AND REGARDING THIS PROPERTY AND GIVING AN UPDATE IF IT DOESN'T FALL IN LINE AND AND THEN HASHING OUT THAT CONVERSATION WITH THEM WHERE THE FUNDS SHOULD GO, WE CAN DO THROUGHOUT CONSTRUCTION AS WELL. YEAH. OKAY. OKAY. HE DO I HEAR A SECOND? I'LL SECOND MOTION MADE BY TRAVIS, SECOND BY MATT. ALL IN FAVOR SAY I, I, I ALL OPPOSED SAY NO. THE MOTION CARRIES. THE NEXT ITEM OF BUSINESS IS. O. MAKE SURE I GET MY DUCKS IN A ROW HERE, MADAM CHAIR, IF I COULD JUST TO TALK A LITTLE BIT ABOUT THE RAILROAD BUDGET AND IF I COULD, WITHOUT OBJECTION, COULD WE MOVE THAT TO OUR EXECUTIVE SESSION? DO WE NEED THAT IN THE FORM OF A MOTION? NO. WE JUST YOU JUST NEED TO NOT HEAR. OBJECTION. I DON'T OBJECT. OKAY. NO OBJECTION. MOVE ON TO THE NEXT ITEM THEN. THE NEXT ITEM OF BUSINESS IS THE UPDATE FROM THE STRATEGIC PLAN. CARLTON. YEAH. SO IAN IS OUR NEW MARKETING COMMUNICATIONS PERSON WITH THE ECONOMIC DEVELOPMENT CORPORATION. HE STARTED ABOUT THREE WEEKS AGO. SO ONE OF THE THINGS RIGHT OFF THE BAT WITH OUR STRATEGIC PLAN WAS TO DEVELOP A WAY TO START TO TELL OUR STORY. SO. WE'VE GOT IAN STARTED ON THIS AND HE'S GOT 3 OR 4 MARKETING TYPE ITEMS TO PUT IN FRONT OF YOU TODAY THAT HE'S DEVELOPED, AND HE'S GOING TO TALK TO YOU A LITTLE BIT ABOUT THEM. AND THESE ARE THE FIRST BLUSH, LOOK AT IT AND JUST KIND OF FOR YOUR INFORMATION. SO IAN, GO RIGHT AHEAD. THANK YOU SO MUCH CARLTON. SO HAPPY TO BE HERE WITH YOU ALL TODAY. YEAH. SO LIKE YOU SAID, THESE ARE JUST KIND OF FIRST PASSES AT IT. SO ANY CHANGES THAT WE NEED TO MAKE, IT'S NOT A PROBLEM AT ALL.
[00:35:02]
I THINK WE'RE PLANNING ON ROLLING THESE OUT ABOUT LATE SUMMER. CURRENTLY I HAVE JUST A FEW PIECES OF MATERIAL IN FRONT OF YOU. I'VE CREATED TWO DIFFERENT BROCHURES, ONE FOR LOGISTICS CORPORATIONS AND THEN ONE FOR OUR MUNICIPAL AIRPORT, ALONG WITH TWO FLIER FLIERS SLASH HANDOUTS. WHEN IT COMES TO OUR LOGISTICS SIDE OF THINGS. OR I'LL TALK ABOUT THE AIRPORT FIRST. SORRY, WHEN IT COMES TO THE AIRPORT, THIS IS MORE JUST FOCUSED SPECIFICALLY ON EXECUTIVES USING IT TO FLY INTO DALLAS, USING IT FOR DIFFERENT BUSINESS MEETINGS, THINGS LIKE THAT. SO I REALLY WANTED TO HIGHLIGHT SOME OF THE ADVANTAGES THAT OUR AIRPORT PROVIDED, INCLUDING I WENT AND TALKED WITH KYLE DECOSTER THIS WEEK, WHO IS THE GENERAL MANAGER OVER THERE, AND HE WAS ACTUALLY ABLE TO GIVE ME SOME REALLY GREAT INSIGHT, INCLUDING SOME INCENTIVES THAT THEY DO GIVE, WHICH IS THAT THEY ARE MEMBERS WITH THE CAA AND BECAUSE OF THAT, DIFFERENT PILOTS AND CUSTOMERS CAN ACTUALLY RECEIVE JUST VARIOUS DISCOUNTS DEPENDING ON WHAT IT IS THAT THEY GIVE. I ALSO JUST WANTED TO HIGHLIGHT OUR LOCATIONAL ADVANTAGE WITH THE FACT THAT WE ARE SO CLOSE TO DALLAS, BUT YOU'RE NOT LANDING RIGHT IN THE HEART OF IT, WHICH MEANS HOPEFULLY I THINK I HAVE IN HERE YOU GET DALLAS ACCESS WITHOUT DALLAS CONGESTION. THAT'S KIND OF A BIG PART THAT I WANT TO HIT ON. YOU KNOW, WE ARE IN A GREAT SPOT WHEN IT COMES TO PURE CONVENIENCE FOR THESE EXECUTIVES, WHICH IS A BIG PART THAT I WANTED TO HIT. IF WE COULD GO TO THE NEXT ONE, PLEASE. THANK YOU SO MUCH.RIGHT HERE WE HAVE OUR BROCHURE. THE QR CODE ACTUALLY GOES DIRECTLY TO A RESERVATION WEBSITE THAT KYLE GAVE ME THIS WEEK. SO EXECUTIVES WHO GET THIS, WHETHER IT'S IN THE MAIL, WHETHER IT'S THROUGH EMAIL AT A HANDOUT, THEY CAN JUST SCAN THAT AND GO THERE. AND ALL THE ADDITIONAL INFORMATION IS THERE ALONG WITH ON THE BACK, AS YOU SEE AT THE BOTTOM LEFT, THERE HAS JUST A LOT OF OUR INFORMATION THAT KYLE SPECIFICALLY REQUESTED TO BE IN THERE. AND YEAH, SO I'M REALLY JUST TRYING TO FOCUS ON TELLING OUR STORY. ON WHY TERRELL IS SUCH A GREAT PLACE FOR THESE EXECUTIVES TO LAND. IF WE COULD GO TO THE NEXT ONE. THANK YOU SO MUCH. SO THIS IS THE INSIDE OF IT. AND I KIND OF JUST WANTED TO HIT A FEW POINTS AT THE TOP HERE. WE WANTED TO BE THE SMART GATEWAY, THE FASTER GATEWAY AND THE BEST GATEWAY INTO DALLAS. WE COULD HIT THE NEXT ONE PLEASE. OH. OH OKAY. SO I HAVE I DON'T KNOW HOW IT'S NOT IN THERE. OH, HERE WE GO. OKAY. SO YEAH, SO KIND OF THE SAME THING WHEN IT COMES TO OUR LOGISTICS CORPORATIONS. I REALLY WANTED TO HIGHLIGHT ONCE AGAIN, JUST OUR LOCATIONAL ADVANTAGES AND THE FACT THAT WE ARE RIGHT ALONGSIDE I-20 8034, WHICH IS JUST GREAT, LIKE NATIONWIDE ACCESS TO FOR THEM, QR CODE GOES DIRECTLY TO OUR ECONOMIC DEVELOPMENT WEBSITE SO THEY CAN GET EVEN MORE INFO. SO WE'RE NOT HAVING TO PUT ALL OF IT ON LIKE A ONE PAGER NEXT, PLEASE. THANK YOU SO MUCH. AND HERE IS OUR FLIER, OUR, OUR BROCHURE. I WANTED TO KIND OF HIT HERE ON THE FACT THAT TERRELL'S WORKFORCE AND OUR TALENT PIPELINE IS DEVELOPING TO WHERE IT IS NOT JUST SELF-SUSTAINING WITH OUR THINGS LIKE OUR CTE PROGRAMS AND JUST OUR LOCATION TO DALLAS, BUT IT'S ALSO SELF GROWING UP WITH BOTH OF THOSE THINGS. WE COULD GO TO THE NEXT, PLEASE. OH, I GUESS THAT IS IT. YEAH. SO IF Y'ALL HAVE ANY QUESTIONS OR ANY COMMENTS, I WOULD BE HAPPY TO TAKE THEM. SO. WITH THE AIRPORT. WHO IS THIS? LIKE, HOW IS THIS BEING DISTRIBUTED? LIKE, LIKE, WHO ARE WE TRYING TO GET THIS INFORMATION? SO FOR THE AIRPORT SPECIFICALLY, THIS WOULD BE FOR BOTH BUSINESS EXECUTIVES WHO ARE LOOKING FOR A FASTER AND MORE EFFICIENT WAY INTO DALLAS, WHETHER IT'S THEY HAVE UPCOMING MEETINGS OR, YOU KNOW, WHATEVER THEY MIGHT NEED FOR WORK PURPOSES TO FLY IN. IT'S ALSO FOR, YOU KNOW, PEOPLE LIKE, LIKE YOUR PILOTS FOR THESE PLANES COULD ALSO USE THESE WHEN IT COMES TO DISTRIBUTING IT. I WANTED TO KIND OF HIT MULTIPLE DIFFERENT WAYS TO MAKE IT AS VERSATILE AS POSSIBLE.
[00:40:01]
THE ONE PAGE PAPER THAT YOU SEE IN FRONT OF YOU, THIS ONE WE COULD DISTRIBUTE THROUGH EMAIL, WE COULD DISTRIBUTE IT AS JUST LIKE A HANDOUT AT LIKE OUR CONVENTIONS AND DIFFERENT THINGS LIKE THAT. WE CAN, LIKE, SO WE CAN HIT IT ELECTRONICALLY OR THROUGH THE MAIL OR IN PERSON. THE ONE PAGER I WANTED TO KIND OF HIT KIND OF MORE BIG POINTS WITH IT. WHEREAS THE BROCHURE, I WANTED TO KIND OF GO MORE IN DEPTH. TRAVIS. I THINK A LITTLE MORE, IF YOU DRILL DOWN A LITTLE DEEPER INTO THAT. WE CAN. CHRIS HAS THE ABILITY AND THE AND KYLE ACOSTA, WHO'S THE GM FOR APEX. IT'S OUR FBO TO DRILL DOWN EXACTLY WHO'S USING OUR AIRPORT. NOW YOU SAY, WELL, WHY DO YOU WANT TO SEND THEM THIS? ARE YOU USING OUR AIRPORT? NO, BUT THEY HAVE OTHER PEOPLE THEY KNOW WE. IF WE CAN GET THOSE SPECIFICALLY GET IT INTO OUR INDUSTRIES WHO HAVE PEOPLE THAT FLY IN TO SEE THEM TO USE, YOU KNOW, WHETHER THEY'RE, YOU KNOW, IF THEY'RE FLYING INTO DFW AND WRITTEN A CAR, YOU KNOW, WE HAVE THE ABILITY TO HAVE A CAR SITTING FOR THEM WHEN THEY FLY INTO THE AIRPORT. THEY HAVE TO BE DOING THAT TODAY. SO WE JUST NEED THEM TO WE NEED TO GET TO THOSE FOLKS SPECIFICALLY, AND THEN JUST LET THE WORD SPREAD ORGANICALLY FROM THE THIS PILOT ASSOCIATION GROUP, THAT'S A BIG GROUP THAT WILL HELP SPREAD THE WORD ON WHAT A GREAT PLACE IT IS TO STOP IN. SO THAT'S, THAT'S KIND OF OUR STARTING FOCUS ON THAT. I WOULD ALSO MENTION THAT THERE'S A LOT OF LAND AND INDUSTRY OUT THERE. SO YOU COULD POTENTIALLY BE BRINGING IN DIFFERENT CORPORATIONS LIKE IG. SO JUST TO BE ABLE TO MARKET THE AIRPORT ITSELF MEANS A LOT TO BUSINESSES WHO MAY BE LOOKING TO MOVE TO TERRELL. DID I ANSWER YOUR CLOSER TO ANSWERING YOUR QUESTION? I THINK SO. THIS IS MY THIS IS MY THOUGHT ON THE MARKETING. I THINK YOU. I THINK IT'S A LITTLE BIT OF RESEARCH AND I FINAL, I THINK THE, THE IDEA OF THE EXECUTIVES LIKE, HEY, YOU COULD FLY INTO DALLAS, BUT YOU COULD, YOU COULD FLY TO DALLAS AND PODCAST ON NONSENSE. WE CAN FLY IN PARALLEL WITH SOME OF THE EXECUTIVES WHO HAVE PLANES OR NOT, PROBABLY NOT MAKING THAT DECISION ABOUT WHERE THEY ARE. I THINK THAT IS MUCH MORE LIKELY THAN YOU WERE WALKING INTO YOUR SYSTEM. IF YOU COACHING STAFF ABOUT SELLING IT TO THEM RATHER THAN TO THE EXECUTIVE, THE EXECUTIVE, HE'S JUST GIVING IT ALL. SHE'S JUST GETTING ON THE PLANE AND SHOWING UP AND GETTING IN THE CAR LIKE THEY'RE NOT MAKING THAT CALL. SO I LIKE, I DON'T OWN A PLANE. IF I DID, I WOULD PROBABLY NOT BE NUMBER ONE IN THESE EMAILS AT ALL. AND NUMBER TWO, IF I WAS, IT WOULD PROBABLY BE MY SYSTEM FOR MY STAFF THAT WE DECIDED. SO IF YOU ALREADY HAVE SOME EXECUTIVES THAT ARE, IF YOU ALREADY HAVE SOME EXECUTIVES AND SOME PEOPLE THAT ARE FLYING IN THE AIRPORT THAT YOU KIND OF LIKE TO REPLICATE, I THINK A HANDFUL OF CONVERSATIONS WITH PEOPLE IS AN UNDERSTANDING THAT, HEY, YOU MISSED THE DECISION. IS IT B? IS IT THE EXECUTIVE OR IS IT THERE BEING LIKE, BECAUSE I COULD BE WRONG, BUT WHO IS THE PERSON THAT'S DECIDING WHERE WE'RE GOING TO LAND? HOW ARE WE GOING TO GET TO THE MEETING? AND IF YOU HAVE THAT INFORMATION THAT MIGHT REFINE THIS MARKETING A LITTLE BIT, BECAUSE IF IT'S TO THE EXECUTIVES, THAT'S ONE MESSAGE ABOUT THIS IS WHY IT'S SO GREAT AND WHY YOU SHOULD DO IT. MY INSTINCT TELLS ME IT'S MORE LIKELY THAT THE CELL IS YOU'RE TRYING TO GET YOUR BOSS TO A MEETING WITH THEM REALLY EASILY. YOU COULD HAVE THEM LAND IN DALLAS RIGHT ON THE TARMAC FOR 20 MINUTES BEFORE THEY GET INTO THEIR HANGAR, AND THEN DRIVE AND SIT IN TRAFFIC FOR A WHILE.OR THEY COULD LAND IN THE CAR AND GET THEIR MEETING IN AFRICA, RIGHT? YOU KNOW, WHATEVER. SO I THINK THAT'S I THINK THAT I WOULD PROBABLY TAKE MAYBE ONE PASS THAT YOU CAN CONTINUE ON WITH WHAT YOU'RE ALREADY DOING, BUT IS YOUR IN THE PROCESS OF ACTUALLY DECIDING. AND THEN, YEAH, THAT'S A GOOD THOUGHT BECAUSE I, I LIKE YOU, I KNOW A PILOT, BUT I DON'T HAVE A PLANE AND SO, AND I DON'T KNOW WHO'S GOING TO ANSWER THAT, BUT I THINK YOU'RE PROBABLY RIGHT. I THINK IT'S EITHER A PILOT OR AN ASSISTANT. YEAH. THAT'S GOING TO MAKE THAT CALL. YEAH. SO I THINK THAT LITTLE LIKE COUPLE CONVERSATIONS, YOU CAN PROBABLY GET CLEARER ON THAT AND THEN YOU CAN MARKET IT TO MARK IT THAT WAY. AND THE OTHER THING TOO, THERE'S A LOT OF SOME, THERE WAS A LOT OF REALLY GOOD STUFF THAT YOU MENTIONED IN THE DISCUSSION ABOUT, WE CAN HAVE A CAR THAT IS THERE, WE CAN HAVE WHATEVER I WOULD. ONCE YOU FIGURE OUT WHO IT IS THAT YOU'RE MARKETING TO, I THINK THAT WHATEVER COLLATERAL YOU WERE SENDING OUT AND DISTRIBUTING IS. INCLUDED IN LIKE, SHOW THEM THE PLAN AND SAY, HEY, LANDON TERRELL IS
[00:45:01]
LIKE, STEP ONE, YOU LAND IN YOUR, YOU KNOW, YOU'RE ON THE GROUND FAST. YOU'RE IN THE CAR IMMEDIATELY. YOU'RE, YOU'RE AT YOUR MEETING IN DOWNTOWN DALLAS, YOU KNOW, WITHOUT HAVING ALL OF THE HASSLE OR WHATEVER. BUT JUST LIKE IT SOUNDS LIKE YOU HAVE AN UNDERSTANDING OF WHY THIS WOULD BE GOOD. I THINK THAT PEOPLE BUY THE PLAN. THEY BUY THE LIKE THEY, THEY PICK WHATEVER THEY UNDERSTAND. AND IF YOU CAN LAY THAT OUT FOR THEM, THEN I THINK THAT THAT WILL MAKE THIS MORE. GOT IT. OKAY. AND WELCOME TO BOTH THE ECONOMIC DEVELOPMENT CORPORATION AND THE CITY OF OF TERRELL. THANK YOU SO MUCH. YOU'RE WELCOME. IF YOU HAVEN'T, YOU KNOW, MOVED IN JUST YET TO THE CITY OF TAROT. KNOW THAT WE WILL BE ANXIOUSLY WAITING FOR THAT TO HAPPEN. AND IF IT DOESN'T, IF WE UNDERSTAND, BUT I, I WOULD LOVE FOR YOU TO TAKE A MOMENT TO SHARE A LITTLE BIT MORE ABOUT YOURSELF AND, YOU KNOW, ANY OF THE AREAS THAT YOU'RE LOOKING FORWARD TO WORKING IN THE NEXT COUPLE OF. I KNOW YOU JUST CAME IN, BUT AND MAYBE THIS IS A QUESTION FOR FOR CARLTON, BUT WOULD ALSO LOVE TO HEAR LIKE ANY, ANY SPECIFIC AREAS OR PROJECTS THAT WILL HAVE YOU LEADING IN LIKE THE NEXT, YOU KNOW, 1 TO 2, THREE MONTHS THAT WE CAN EXPECT TO, YOU KNOW, HEAR BACK IN THE NEXT COUPLE OF, OF MONTHS. BUT I'LL TURN IT OVER TO YOU TO GIVE, LET US LEARN A LITTLE BIT MORE ABOUT YOU. I WOULD LOVE TO ANSWER THAT. SO A LITTLE BIT ABOUT ME. I HAVE A JUST REAL QUICK, I HAVE A MASTER'S DEGREE IN STRATEGIC COMMUNICATION. I JUST GRADUATED A COUPLE OF YEARS AGO. VERY HAPPY TO BE HERE. I'VE WORKED IN THE PAST, I'VE WORKED FOR CHURCHES, WHICH IS VERY DIFFERENT, OBVIOUSLY, BUT I THINK AT THE HEART OF IT, AND I THINK WHAT REALLY ATTRACTED ME HERE, WHAT REALLY GOT ME EXCITED TO BE HERE, WAS THE FACT THAT, YOU KNOW, WHILE CHURCH WORLD AND CITY WORLD AND GOVERNMENT WORLD MIGHT BE VERY DIFFERENT IN MANY DIFFERENT WAYS, THE ONE CONNECTING THREAD IS THE FACT THAT AT THE HEART OF IT, WE'RE HERE TO SERVE PEOPLE. WE'RE HERE TO SERVE THE PEOPLE IN TERRELL. WE'RE HERE TO SERVE BUSINESS OWNERS. AND I'M VERY EXCITED TO DO THAT.LOOKING FORWARD WHEN IT COMES TO FUTURE PROJECTS WE'RE WORKING ON, OBVIOUSLY WE'RE GOING TO CONTINUE TO JUST KIND OF FLESH THIS OUT. BUT ALSO I'M VERY EXCITED TO START FILMING SOME VIDEOS AND STUFF TO KIND OF ALSO HELP BRING EVEN MORE LIFE TO THIS. WE'RE GOING TO START WORKING IN BEHAVIORAL BEHAVIORAL HEALTH AS WELL. WE'RE GOING TO START TRYING TO REALLY FOCUS ON THAT INDUSTRY. AND SO THAT'S OUR NEXT TARGET. AND SO GOING FORWARD, YEAH, A BIG PART OF IT IS I'M VERY EXCITED TO START KIND OF TAKING MORE PHOTOS, MORE VIDEOS TO KIND OF HELP BRING MORE LIFE TO THESE CAMPAIGNS. WELCOME. AND BEFORE WE MOVE ON TO THE NEXT AGENDA ITEM, ARE THERE ANY ADDITIONAL QUESTIONS OR THOUGHTS FROM THE BOARD FOR THE STRATEGIC PLAN UPDATE? AND YOU'LL YOU'LL GET YOUR SPREADSHEET, OF COURSE, AT THE END OF THE MONTH, AS WE AGREED LAST, LAST. YEAH. THAT'S HELPFUL. YEAH. THANK YOU. THANK YOU, IAN, FOR, FOR PUTTING TOGETHER THE THE MARKETING ITEMS AND BEING PREPARED TO
[6. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING]
SHARE THOSE WITH US TODAY. THE NEXT AGENDA ITEM IS EXECUTIVE SESSION. SO AT THIS TIME WE WILL ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION ARE WE[7. RECONVENE INTO REGULAR SESSION AND CONSIDER ACTION, IF ANY, ITEMS DISCUSSED IN EXECUTIVE SESSION.]
READY? OKAY, OKAY. THE BOARD WILL NOW CONSIDER POSSIBLE ACTION REGARDING. THE MOTION WILL BE TO MOVE 100. CARLTON. I THINK ANGIE IS ABOUT. TO RECONVENE INTO REGULAR SESSION AT THIS TIME. WE WILL RECONVENE OUR. WE'LL MOVE OUT OF EXECUTIVE SESSION AND RECONVENE INTO REGULAR SESSION, AND THE BOARD WILL NOW CONSIDER POSSIBLE ACTIONS THE CARLTON WILL SHARE. YEAH, THE MOTION WILL. FOR THIS ITEM WILL BE TO MOVE $100,000 FROM THE RAILROAD EXPENSE LINE ITEM TO THE BUSINESS RETENTION LINE ITEM IN OUR BUDGET. SO MOVED. SECOND MOTION FROM TRAVIS, SECOND FROM MATT. ALL IN FAVOR, SAY I, I ALL AGAINST OR ALL OPPOSED, SAY NAY. MOTION CARRIES. IF THE. SINCE THERE IS NO FURTHER BUSINESS, THE CHAIR WILL ENTERTAIN A MOTION TO ADJOURN. I'LL MAKE. I'LL. SECOND. IT'S BEEN MOVED, AND SECOND TO ADJOURN. ALL IN FAVOR, SAY I, I. THE MEETING WAS* This transcript was compiled from uncorrected Closed Captioning.