Jun 02, 2025 Economic Development Corporation

[00:00:02]

ALL RIGHT. WELL, WELL, IT'S 603.

[A. CALL TO ORDER]

MIKE THOMPSON, PRESENT JAMES MILLER, MARCUS BINGHAM NOT HERE.

ALBERT LOTT PRESENT AND JOSHUA HARRELL PRESENT.

MICHAEL CRAWFORD, PRESENT.

SESAME MORRISON PRESENT.

AND WE'LL MOVE TO THE INVOCATION.

HEAVENLY FATHER, WE THANK YOU FOR THE OPPORTUNITY TO GATHER THIS EVENING IN SERVICE OF OUR COMMUNITY. WE ASK FOR YOUR GUIDANCE AND WISDOM AS WE DISCUSS THE FUTURE GROWTH AND DEVELOPMENT OF PRINCETON.

MAY OUR DECISIONS BE THOUGHTFUL, OUR CONVERSATIONS BE RESPECTFUL, AND OUR ACTIONS ALWAYS BE IN THE BEST INTEREST OF THOSE THAT WE SERVE.

GRANT US CLARITY, COOPERATION, AND A SHARED COMMITMENT TO THE COMMON GOOD.

AMEN. WE PLEDGE ALLEGIANCE.

AND WE'LL MOVE TO A PUBLIC APPEARANCE.

[E. PUBLIC APPEARANCE]

AND WE HAVE COUNCILMAN JOHNSON THAT WOULD LIKE TO SPEAK.

ALL RIGHT. TONIGHT, I'M JUST PRESIDENT JOHNSON.

THE HAT MEANS I'M A RESIDENT TONIGHT. SO TERRANCE JOHNSON, PRESTON MEADOWS, 2049, PRESTON MEADOWS.

I WANTED TO COME HERE. I DIDN'T HAVE ANYTHING PREPARED. I JUST CAME IN. IT WAS JUST ON MY HEART TO JUST COME GIVE THANKS AND APPRECIATION TO EACH AND EVERY ONE OF Y'ALL FOR COMMITTING YOURSELVES TO THIS BOARD AND TO THIS COMMUNITY.

I KNOW HOW DIFFICULT IT IS TO SIT HERE AND WEIGH THESE DECISIONS VERSUS, YOU KNOW, WHAT THE COMMUNITY WANTS VERSUS WHAT'S BEST FOR PRESTON. AND SOMETIMES THAT, YOU KNOW, THOSE LINES GET BLURRED A LITTLE BIT IN THESE DECISIONS. SO I JUST WANTED TO PERSONALLY COME AND THANK AND COMMEND YOU ALL FOR YOUR CONTINUED EFFORTS.

YOU'RE HIGHLY VALUED. WE SEE THE WORK THAT YOU GUYS ARE DOING IS REALLY APPRECIATED.

SO AGAIN, JUST THANK YOU ALL FOR CONTINUING TO TO BE THAT BEACON FOR EVERYBODY TO COME IN AND SEE HOW A BOARD IS SUPPOSED TO YOU KNOW, MAINTAIN THAT DECORUM AND HOW IT'S SUPPOSED TO WORK AS A BOARD. SO THANK YOU.

THANK YOU. AND I'VE SAID IT BEFORE, BUT WE SHOULD THANK YOU TOO, BECAUSE WE'RE WHERE WE ARE.

BECAUSE OF WHAT YOU STARTED HERE.

THANKS. PUBLIC REPORT ITEMS.

[F. PUBLIC REPORT ITEMS]

NEXT REGULAR PDC MEETING TO BE DETERMINED.

AND CITY COUNCIL MEETINGS MONDAY, JUNE 9TH, 2025 AND MONDAY, JUNE 20TH 23RD AT 6:30 P.M..

FREEDOM AND FIREWORKS. SATURDAY, JUNE 28TH, 2025 FROM 6 P.M.

TO 10:10 P.M. AT JM CALDWELL PARK.

[G. STAFF REPORT ITEMS]

OUR CEO WILL PRESENT THE FINANCIAL PICTURE AND THOSE ITEMS ON.

SO WE HAVE SOMETHING A LITTLE BIT DIFFERENT THIS MEETING FOR THE FIRST TIME.

I'VE ALWAYS PRESENTED THE FINANCIALS.

I'M GOING TO START PROVIDING YOU WITH AN OPERATIONAL UPDATE I BELIEVE DESHAWN TO PUT THEM AT YOUR SEATS. I'LL DO ONE TYPED UP I'M NOT GOING TO GO OVER THAT ENTIRE THING PUBLICLY I MAY HIT ON A COUPLE PIECES OF THAT.

AND THEN THERE'S ANOTHER THING THAT I WANTED TO PROVIDE TO YOU THAT IS IN THE PACKET, WHICH IS EVERY MONTH, OUR DEVELOPMENT SERVICES TEAM WILL DO A LIST OF PERMITS AND CODES FOR RESIDENTIAL AND, YOU KNOW, NOT TO BURY THE LEAD. AND I'M SURE IT'S THE FIRST TIME ANYBODY HERE HAS HEARD THIS.

BUT, YOU KNOW, WE WERE NAMED THE FASTEST GROWING CITY IN AMERICA.

AND WE DO GET THE FACT THAT THAT WORRIES SOME PEOPLE.

IT UPSETS SOME PEOPLE.

SOME PEOPLE ARE EXCITED ABOUT IT.

BUT BUT NOT EVERYBODY.

AND SO IN OUR FUNCTION, I FIRMLY BELIEVE THAT IT HAS GIVEN US A PLATFORM. IT HAS GIVEN US AN OPPORTUNITY BECAUSE WE DIDN'T APPLY FOR AN AWARD.

FASTEST GROWING CITY IN AMERICA THAT IS TOTALLY DATA DRIVEN.

[00:05:02]

THEY CALLED US AND SAID, GUESS WHAT? YOU'RE THE FASTEST GROWING CITY IN AMERICA.

AND WITH THAT BEING THE CASE I THINK IT HELPS US LEVERAGE SOME OF THE THINGS THAT THAT THE COMMUNITY WANTS AND NEEDS TO SUPPORT ALL THE NEW RESIDENTIAL GROWTH.

AND I'LL GIVE YOU A FEW EXAMPLES.

HEALTH CARE GIVES US A PLATFORM TO TRY TO RECRUIT HEALTHCARE RETAIL.

IT ADDS TO OUR PLATFORM TO CONTINUE TO RECRUIT RETAIL JOB CREATION COMPANIES, WHETHER IT BE CORPORATE OFFICE OR WHATEVER IT IS.

IT CONTINUES TO GIVE US MORE OF A PLATFORM.

AS A MATTER OF FACT, WE FOUND OUT EARLIER TODAY THAT WE HAD A NATIONAL STORY PITCHED FOR A CBS NATIONAL TELECAST, AND WE FOUND OUT TODAY THAT THAT PITCH WAS SUCCESSFUL. THEY ARE GOING TO DO A FEATURE ON PRINCETON, TEXAS, ON ONE OF CBS NATIONAL NEWSCAST.

AND TALK ABOUT NOT JUST THE NUMBERS OF, HEY, WE'RE THE FASTEST GROWING, BUT KIND OF WHAT'S BEHIND THAT.

THE OTHER THING I'LL MENTION, JUST BECAUSE I FEEL LIKE I NEED TO AND, YOU KNOW, EVERYBODY INVOLVED GETS WHY PEOPLE ARE WORRIED.

WE KNOW IT IS LARGELY ATTRIBUTED TO PUBLIC SAFETY, TRANSPORTATION INFRASTRUCTURE OR OTHER INFRASTRUCTURE.

AND THE ONLY THING I CAN ANSWER THAT WITH IS THAT ALL OF THE CURRENT LEADERSHIP OF THE CITY IS ACUTELY AWARE OF THOSE CHALLENGES.

WE PLAN EVERY SINGLE DAY TO ADDRESS THOSE CHALLENGES.

HERE'S THE CHALLENGE TO US.

AND THIS IS THE MOST DIFFICULT THING, I THINK, IN CITY GOVERNMENT IS THAT FROM THE TIME YOU GIVE A PERMIT OR A COMPANY EVEN BREAKS GROUND, WHETHER IT BE A HOUSE, A COMMERCIAL BUSINESS, YOU DON'T SEE. WE DON'T SEE THE CITY DON'T SEE REVENUE FOR TWO YEARS BECAUSE IN TEXAS THEY TAX IN ARREARS. SO IT TAKES ABOUT A YEAR TO BUILD.

ONCE THEY OPEN, WE REALLY DON'T TAX THEM UNTIL THE END OF THE FIRST YEAR IN OPERATION.

AND SO YOU CAN SEE WITH THE TWO YEAR LAG THAT THERE'S OBVIOUSLY GOING TO BE FINANCIAL CHALLENGES WE'RE TRYING TO KEEP UP WITH.

WITH TWO YEARS LESS REVENUE THAN WE REALLY SHOULD.

NOW WE KNOW HOW TO DO THAT.

IT'S JUST NOT EASY. AND SO I YOU KNOW, I JUST SAY I THINK THE BEST WE CAN DO IS EMBRACE IT, SAY WE'RE EXCITED ABOUT IT.

AND THE REASON I GAVE OUT THE BUILDING PERMITS IS I THINK IT'S IMPORTANT FOR YOU ALL TO SEE THOSE AND KIND OF FRAME WHAT WE TALK ABOUT.

IT'S NOT JUST JIM SAYING, HEY, WE'RE GROWING 6000 PEOPLE A YEAR.

I'M ABLE TO SHOW YOU THE DATA THAT WE'RE GOING TO DO.

2000 RESIDENTIAL HOMES PER YEAR.

THE FACTOR WE USE FOR POPULATION WE GOT FROM THE CENSUS AVERAGE PEOPLE PER HOUSEHOLD.

AND IT'S DIFFERENT IN EVERY CITY. BUT HERE IT'S 3.07.

THE NATIONAL AVERAGE IS 2.68.

AND THE REASON THAT PRINCETON HAS A HIGHER AVERAGE PEOPLE PER HOUSEHOLD IS WE HAVE A MUCH HIGHER PERCENTAGE OF OUR RESIDENTIAL STOCK AS SINGLE FAMILY HOMES AS OPPOSED TO APARTMENTS. THE NUMBER AVERAGE IS A HIGHER NUMBER IN A SINGLE FAMILY HOME THAN IT IS AN APARTMENT, FOR OBVIOUS REASONS.

THERE'S A LOT OF ONE BEDROOM APARTMENTS, SINGLE PEOPLE.

AND SO WE'LL BE PROVIDING THAT EVERY MONTH AND WE'LL GIVE YOU AN UPDATE.

YOU'LL SEE WHERE WE ARE.

NOW, THE BONUS IS, AND IS THAT WE ALSO SHOW ABOUT A DOZEN OTHER CITIES IN THE AREA.

AND LIKE, DON'T BE SHOCKED.

MCKINNEY'S DOWN 24% BECAUSE YOU GET TO A CERTAIN DEVELOPMENT STAGE WHERE YOU'RE GOING TO SLOW DOWN. I MEAN, YOU'RE YOU'RE CLOSER TO BEING WHAT THEY CALL BUILT OUT. BUT YOU'LL ALSO SEE SOME OF THE OTHER CITIES, I THINK THREE OF THE TOP TEN FASTEST GROWING CITIES IN AMERICA WERE IN COLLIN COUNTY.

AND THERE ARE A COUPLE OTHER ONES THAT WEREN'T TOO FAR OUTSIDE THE TOP TEN.

SO THE TIMES ARE GOOD.

NOW, OUR RESPONSIBILITY IS TO TO TURN THIS INTO SOMETHING SPECIAL AND AND DO SOMETHING WITH IT. THAT'S, YOU KNOW WHAT THIS BOARD AND DESHAUN AND MYSELF, CITY COUNCIL AND THE CITIZENS, YOU KNOW, IF WE MISS THIS OPPORTUNITY, WE'RE DOING THE CITY AN INJUSTICE.

SO UNDER THE OPERATIONAL UPDATE.

ALSO YOU SEE THE SALES TAX, WE HAD A VERY GOOD MONTH, 26% AHEAD OF THE SAME MONTH LAST YEAR.

DESHAUN, IF YOU HAVE THAT TO PUT UP NOW I WILL CAUTION YOU IN THAT.

AND WE'VE HAD THIS CONVERSATION YOU COMPARED THE SAME MONTH PREVIOUS YEAR.

[00:10:02]

THERE COULD BE AN AUDIT ON ONE OF THE PAYEES.

THERE COULD BE A LATE PAYMENT BY ONE OF YOUR MAJOR PAYEES.

AND SO YOU'LL NOTICE A MONTH BEFORE WE WERE DOWN A PERCENT, AND THEN WE WERE UP 26%.

EARLIER IN THE YEAR WE WERE DOWN 10%, AND THEN WE WERE UP 39%.

I SAY THAT TO SAY YOU HAVE TO LOOK AT SEVERAL MONTHS TO KIND OF AVERAGE THEM IN TO REALLY GET AN OVERALL PICTURE.

BUT THE REALLY GOOD NEWS IS YEAR TO DATE WE'RE UP 13%.

AND THAT'S PRETTY HEALTHY.

RIGHT NOW OUR SALES TAX IS GOING TO PRETTY MUCH.

MIRROR OUR POPULATION GROWTH BECAUSE WE DON'T HAVE ANY MAJOR INDUSTRY THAT GOES THAT WE GET SALES TAX FROM IT IS GENERALLY ALL CONSUMER DRIVEN.

I HEAR RIGHT NOW AND IT WILL BE FOR A WHILE, BUT HOPEFULLY IN THE NEAR FUTURE WE WILL THE NUMBERS WILL RISE BECAUSE WE'LL HAVE LESS LEAKAGE, WE'LL HAVE MORE OPPORTUNITIES TO SHOP HERE, AND THERE WILL BE LESS OF A NEED TO TRAVEL EAST OR WEST. I WON'T EVEN SAY THEIR NAME, BUT NO.

TO MCKINNEY. AND QUITE HONESTLY, THEY'RE THEIR SALES TOOL OF OURS.

OUR LOCATION AS IT IS TO MCKINNEY IS AN ADVANTAGE.

ALL OF COLLIN COUNTY IS ONE OF THE MOST EDUCATED COUNTIES IN ALL OF AMERICA.

AND SO OUR LOCATION IS HELPFUL.

AND IT WILL KIND OF GUIDE THE DIRECTION WE GO.

SO YEAR TO DATE UP 13%.

WE WILL SEE IN THE PROPOSED BUDGET KIND OF WHAT THAT MEANS DOLLARS AND CENTS.

IN MY WRITTEN REPORT, YOU'VE SEEN THE BUILDING PERMITS.

YOU ALL KNOW THAT WE HAVE TERMINATED THE 99 VISION AGREEMENT, WHICH MEANS ON THAT 15.4 ACRES, WE HAVE RECLAIMED THAT FOR THE EDC.

I AM GOING TO BE HAVING ALL OF THE EDC CONTROLLED SITES SURVEYED, RE SURVEYED SO WE CAN HAVE AN ACTUAL SURVEY AND BREAK THEM UP THE WAY THEY NEED TO BE BROKEN UP. THE THE SITE ACTUALLY NEXT TO THE CHILDREN'S LIGHTHOUSE IS NOT IT'S NOT REAL CLEAR. I'VE SEEN THREE DIFFERENT SIZES OF THAT LOT.

AND SO ONCE WE'VE TAKEN OUT A PIECE OF LAND AND SOLD IT THEY HAVE A SURVEY FOR THEIR LAND, BUT WE NEED TO GO AHEAD AND SURVEY OURS.

LAY THE BOUNDARIES OUT, BECAUSE RIGHT NOW EVEN THE CAD HAS THAT FRONTAGE PARCEL AS A PIECE OF THE LARGE PARCEL, 16.5 ACRES THAT IS DUE EAST OF IT, BACK BEHIND IT.

SO I'LL GET THOSE RE SURVEYED.

WE'LL NEED THAT TO SELL THE LOTS.

BUT FIN SHINE DOES NOT PLAN ON MOVING FORWARD WITH THEIR WITH THEIR SITE.

THEY ARE PUTTING THAT ON THE MARKET.

I DID TALK TO THEM ABOUT REPURCHASING IT.

THEY TRIED TO SELL IT BACK TO US FOR OVER THREE TIMES.

WHAT WE SOLD IT TO THEM FOR BECAUSE WE DIDN'T HAVE QUITE THE COVERAGE WE NEEDED IN THE CONTRACT. WE'LL SEE HOW THAT WORKS OUT FOR THEM.

I THINK THEY'RE GOING TO MARKET IT FOR A LITTLE WHILE. I DO BELIEVE THAT THE PUBLIC SAFETY FACILITY. I THINK THAT'S A GREAT DECISION THAT THIS BOARD IS KIND OF WE HAVEN'T DECIDED TO SELL IT, BUT TO KIND OF HOLD IT FOR THAT USE AND GIVE THEM FIRST OPPORTUNITY, AND THEN YOU'RE GOING TO BE HEARING FROM CHILDREN'S LIGHTHOUSE TONIGHT.

THE ONLY THING I'LL BRING UP.

AND THIS IS A REALLY COOL PROGRAM.

IT'S ONE THAT THE CDC IS DOING.

BUT I THINK IT'S WORTH MENTIONING BECAUSE THE CDC HAS APPROVED IT AND IT'S ON THE NEXT COUNCIL AGENDA TO JUST CONFIRM THE APPROVAL OF THE FUNDING.

BUT WE HAVE CREATED AN APPRENTICESHIP PROGRAM, NOT AN INTERNSHIP PROGRAM, BUT FOR AN APPRENTICESHIP PROGRAM.

AND IT IS FOR PRINCETON ISD STUDENTS EITHER RECENTLY GRADUATED OR OF WORKING AGE THAT ARE STILL IN SCHOOL. AND DURING THE SUMMER, THE CDC WILL OFFSET THE WAGES FOR UP TO EIGHT WEEKS IN A TRADE THAT WILL PROVIDE THEM WITH A SKILL THAT THEY WOULDN'T HAVE OTHERWISE.

AND I'LL SAY RETAIL AND FAST FOOD IS EXCLUDED FROM ELIGIBILITY BECAUSE THEY'RE USED TO HIRING KIDS RIGHT OUT OF SCHOOL AND TRAINING THEM.

AND IT'S NOT REALLY A TRADE.

SO THEY'RE GOING TO HIRE THEM ANYWAY.

THEY'RE GOING TO BE EXCLUDED.

BUT THE EXCITING PART IS, AND THERE'S SOME FLEXIBILITY, BUT SOME OF THE TARGETS ARE VETERINARY MEDICINE TECH, HVAC REPAIR, AUTO REPAIR, BOTH BOTH ENGINE AND BODY PLUMBING, ELECTRICAL. THERE ARE THINGS LIKE THAT TO WHERE A KID CAN ACTUALLY GET SOME REAL LIFE

[00:15:01]

AND THEN IF THE PURVEYOR WANTS TO HIRE THEM FULL TIME WHEN THEY COMPLETE, THEY'RE MORE THAN WELCOME TO DO THAT.

BUT IT WAS KIND OF A PASSION PROJECT FROM KARIM EVANS BROUGHT IT TO MY ATTENTION.

AND THEN JEFF, THEY HAD TALKED ABOUT IT.

I BROUGHT IT TO MY ATTENTION.

WE PULLED IN THE CHAMBER OF COMMERCE AND THE CTE PROGRAM WITH THE ISD, AND ARE WORKING IN COOPERATION WITH THEM ONCE WE GET IT FULLY DESIGNED.

AND GRANT WHO, BY THE WAY, OBVIOUSLY HE CAN'T BE HERE TONIGHT.

HE SENT HIS APOLOGIES ONCE WE GET A PAPER, HE'S GOING TO DO KIND OF A RELEASE FORM AND ALSO AN MOU BETWEEN THE CDC AND THE COMPANIES OUTLINING EVERYBODY'S RESPONSIBILITIES.

BUT ONCE WE GET AN OPERATION, FOR THE MOST PART OUR FUNCTION IS GOING TO BE PROMOTING IT, GETTING PR FROM IT AND FUNDING IT IN THE CHAMBER.

AND THE ISD WILL BE DOING THE VAST MAJORITY OF THE LEGWORK IDENTIFYING EMPLOYERS.

IF ANYBODY KNOWS AN EMPLOYER IN ANY OF THOSE SPECIALTIES THAT MAY WANT A FREE WORKER FOR EIGHT WEEKS THIS SUMMER THAT THEY'RE GOING TO GET REIMBURSED FOR.

PLEASE LET DESHAUN OR I KNOW THAT'S THE HARDEST PART.

WE HAD 18 KIDS SIGN UP IN ONE DAY WANTING TO PARTICIPATE IN THE PROGRAM, AND WE'RE LIKE, YOWZA! NOW WE GOT TO FIND PEOPLE TO HIRE HIM.

AND THE CHAMBER AND THE SCHOOL DISTRICT ARE WORKING ON THAT, AND I THINK WE HAVE SOME INTEREST, BUT I DON'T KNOW THAT ANY OF YOUR FINALS, IF ANYBODY HAS ANYBODY WITH THAT THAT WOULD BE INTERESTED IN THAT, PLEASE LET US KNOW. ON THE OPERATIONAL SIDE.

I BELIEVE THAT'S IT. DID I FORGET ANYTHING, DIANA? LIKE I DID LAST MEETING? OKAY, GREAT. ANY QUESTIONS ON ANY OF THAT? WHEN WE SURVEYED SURVEYED THE PROPERTY.

YOU'RE NOT. WE'RE NOT. WE'RE JUST ESTABLISHING BOUNDARIES. YOU'RE NOT THINKING ABOUT DIVIDING IT UP ANY SMALLER THAN WHAT IT IS CURRENTLY.

RIGHT, RIGHT. NO, I'M JUST ESTABLISHING BOUNDARIES.

AND ALTHOUGH WE'RE NOT GOING TO DIVIDE IT UP MORE, BUT I'M GOING TO PEEL THAT THAT PARCEL NEXT TO CHILDREN'S LIGHTHOUSE OFF OF THE 16 ACRES BECAUSE IT MAKES NO SENSE. THEY'RE SEPARATED BY A DRAINAGE EASEMENT.

SO THEY'RE REALLY NOT EVEN CONNECTED.

SO WE'LL HAVE A SMALLER OR SMALLER FRONTAGE PIECE.

THEN WE'LL HAVE THE BIG PIECE THAT WE'RE NOT GOING TO SUBDIVIDE.

WE HAVE ANOTHER SIX ACRES ON MYRICK THAT WE WON'T SUBDIVIDE.

AND THEN WE'VE GOT THE ONE THAT WE'RE LOOKING AT FOR PUBLIC SAFETY.

ANY OTHER QUESTIONS. AND WE WILL HAVE SOME THINGS TO TALK ABOUT IN EXECUTIVE SESSION AS WELL. SO WE WILL NEED THAT TONIGHT.

ON THE FINANCIAL SIDE, IF Y'ALL ARE READY FOR THAT.

AS YOU CAN SEE NOTHING EXTRAORDINARY IN OUR PERIOD ACTIVITY.

AS A MATTER OF FACT THANK YOU FOR CONTINUING TO PAY ATTENTION TO AND I.

BUT OTHER THAN THAT, THE EXPENDITURES ARE VERY SMALL.

RIGHT NOW, WE HAVE 67% OF OUR BUDGETED EXPENDITURES REMAINING.

WE WON'T SPEND 100% OF OUR BUDGET.

AND THAT'S EVEN WITH THE LARGE ACQUISITION OF LAND EARLIER THIS YEAR THAT'S ALREADY CLEARED. SO WE'LL END UP WITH AT LEAST 15% OF THE BUDGET LEFT OVER.

IF YOU LOOK AT THE BALANCE SHEET, WE CURRENTLY HAVE A LITTLE OVER 7 MILLION.

IF THAT'S IN HERE. LET ME FIND IT.

AND. FUND BALANCE. I DON'T SEE IT IN HERE.

DID THE BALANCE SHEET GET IN HERE? OKAY, WELL, IT'S IN YOURS. I DON'T THINK IT'S IN MINE, BUT WE'VE GOT RIGHT AT.

WE'VE GOT RIGHT AT 7.5 MILLION SITTING IN FUND BALANCE.

AND IF YOU NOTICE, WE MOVE THE SALES TAX REPORT INTO THE OPERATIONAL REPORT AND OUT OF FINANCIALS. SO EVERYTHING IS WELL IN ORDER.

WE'RE IN GREAT SHAPE AS TO BUDGET.

AND AS YOU CAN TELL FROM THE AGENDA, WE IT'S BUDGET TIME AGAIN.

SO TONIGHT WILL BE KIND OF A FIRST PRESENTATION OF A DRAFT BUDGET TO GIVE INPUT ON. THERE WILL BE NO ACTION TAKEN ON THE BUDGET.

BUT IF YOU HAVE NO QUESTIONS ON THE FINANCIAL REPORT UNDER THE CONSENT AGENDA, YOU WILL BE ACTING ON THOSE.

ANY QUESTIONS ON THE FINANCIALS? I'M SORRY. DID I HEAR YOU DON'T THINK WE'RE SPENDING ENOUGH ON PERSONNEL? I MEAN, I COULD

[00:20:03]

SO I DO HAVE A QUESTION. IT'S NOT ABOUT THE FINANCIALS, BUT I WANT TO GO BACK TO THE TO THE MONTHLY REPORT HERE ABOUT THE APPRENTICESHIP PROGRAM.

YES, SIR. IS THIS SOLELY BASED FOR PRINCETON BASED EMPLOYMENT OR THE SURROUNDING AREA? THE KIDS ARE PRINCETON ISD STUDENTS ONLY, BUT THE COMPANIES DON'T HAVE TO BE SOLELY IN PRINCETON. OKAY, IF. IF A HOSPITAL IN A NEIGHBORING COMMUNITY WANTED TO HIRE A KID IN HEALTH CARE. I'D LOVE IT.

WE WOULD WORK WITH THEM.

OKAY. AS LONG AS THEY'RE CLOSE ENOUGH.

TO WHERE? I MEAN, OBVIOUSLY, THE STUDENT HAS TO BE ABLE TO GET TO WORK AND BACK AND ALL THAT GOOD STUFF, BUT, YEAH, I MEAN.

ABSOLUTELY. MR.. IF I COULD.

MR.. I WOULD JUST MAKE ONE COMMENT, PLEASE, IF I COULD, SIR. I WANT TO APPLAUD YOU ON THE APPRENTICESHIP PIECE.

RIGHT. AND I IT SEEMS TO ME THAT THERE ARE IN THIS COUNTRY, THERE'S A PUSH TO LOOK AT NONTRADITIONAL JOBS.

OKAY. BOTH AS THEY RELATE TO MALES AND FEMALES.

OKAY. IN ASPECT. AND AS YOU MOVE ALONG IN THIS PROCESS, I WOULD JUST LIKE TO OFFER THAT YOU COULD MAYBE SEE IF THERE ARE WAYS TO EXPAND IT.

YOU SEE WHAT I'M SAYING? I DON'T KNOW WHAT'S HAPPENING WITH THE KATE CENTER.

AND MAYBE YOU COULD MAYBE HAVE SOME COMMUNICATION.

YEAH. CTE CENTER IS KIND OF SYNONYMOUS, I THINK.

I MEAN, THERE IS BRETT IS THE ONE THAT RUNS BOTH OF THEM, RIGHT? RIGHT. AND IT SEEMS TO ME THAT THIS THIS IS A A BEAUTIFUL OPTION FOR OUR CHILDREN. SURE. GIVEN THAT EVERYBODY'S NOT GOING TO GO TO COLLEGE AND BE A DOCTOR.

ABSOLUTELY. YOU KNOW, IF YOU SEE WHAT I'M SAYING.

AND ALSO THE PAY IS VERY GOOD IN MOST OF THESE CATEGORIES.

AND WE WE DO HAVE FLEXIBILITY AS FAR AS WHATEVER THE TRADE MAY BE.

IT DOESN'T HAVE TO BE ONE OF THE ONES THAT I ANNOUNCED. THE ONLY TWO LITERALLY THAT ARE INELIGIBLE ARE RETAIL AND FAST FOOD ONLY BECAUSE THEY'RE GOING TO DO THEIR OWN TRAINING. BUT WE'RE OPEN TO THAT.

THE HOPE IS, AND QUITE HONESTLY, THE IDEA WAS BROUGHT TO ME LITERALLY A MONTH AGO, AND THE KIDS HAVE ALREADY GOTTEN OUT OF SCHOOL, AND WE'RE KILLING OURSELVES TRYING TO JUST GET A FIRST CLASS OF A FEW KIDS TO GET IT STARTED THIS YEAR AND THEN NEXT YEAR REALLY BUILD ON IT AND HAVE TIME TO REALLY DO IT RIGHT AND GET MORE KIDS.

BUT I FEEL PRETTY CONFIDENT THAT AS A PROGRAM GROWS, THE BOARD IS ALSO GOING TO GROW THE BUDGET FOR IT BECAUSE THEY'RE PRETTY PASSIONATE ABOUT IT. AND I THINK IT'S A PHENOMENAL PROGRAM. I'M PRETTY EXCITED ABOUT IT AS WELL.

IT'S REALLY IS AMAZING HOW HISTORY CAN COME AROUND AND REPEATS ITSELF.

THIS OLD BOOKER T WASHINGTON APPROACH TO ECONOMIC DEVELOPMENT IS WHAT YOU'RE TALKING ABOUT. AND I EMBRACE IT, AND I THINK IT'S A GOOD OPPORTUNITY FOR OUR CHILDREN. I JUST WANT TO SAY THAT IT'S SAD THAT SOMEWHERE IN OUR HISTORY, APPRENTICESHIPS, NOT INTERNSHIPS, APPRENTICESHIPS, IF YOU GO OVER TO EUROPE, IF YOU GET LIKE AN ELECTRICIAN OR A PLUMBER'S APPRENTICESHIP, IT'S A BIG DEAL.

IT IS A VERY HONORED POSITION.

AND HERE SOMEWHERE, WE LOST THAT AND WE STOPPED FOCUSING ON SOME OF THE MANUAL TRADES. I MEAN, THERE'S A LOT OF THAT STUFF THAT I LITERALLY COULDN'T DO IF MY LIFE DEPENDED ON IT. IF I HAD TO FIX MY OWN CAR, I'D AND WALK.

I MEAN, I JUST CAN'T DO IT. I DON'T THINK THAT WAY.

AND SOMEHOW WE'VE MADE THAT AT SOME POINT IN TIME.

WE MADE THAT LESS NOBLE THAN GETTING A FOUR YEAR DEGREE AND SITTING IN MOMMA AND DADDY'S BASEMENT FOR FIVE YEARS DOING WHATEVER.

SO WHAT I DID. I'M EXCITED.

YEAH, I'M EXCITED ABOUT THAT BECAUSE I THINK.

AND THAT'S WHY WE'RE CALLING AN APPRENTICESHIP AND NOT AN INTERNSHIP IS THAT THE GOAL IS TO MAKE THIS A PROGRAM AND IT'S GOING TO PAY WELL.

THE GOAL IS TO MAKE THIS A PROGRAM THAT KIDS ARE COMPETING FOR EVERY YEAR TO GET IN THIS PROGRAM AND GET ONE OF THESE APPRENTICESHIPS, TO TRY TO MAKE IT COMPETITIVE AND BRING HONOR BACK TO THAT TYPE OF WORK.

SO ANYWAY, YOU CAN TELL I'M FAIRLY PASSIONATE ABOUT IT TOO.

I'M GLAD THAT KAREEM BROUGHT IT TO MY ATTENTION.

ALL THE CREDIT GOES TO HIM AND WE'RE JUST TRYING TO PUT IT TOGETHER, TAKE HIS IDEA AND PUT IT TOGETHER.

AND BETWEEN THE CHAMBER AND THE SCHOOL DISTRICT, THOSE ARE TWO PRETTY GOOD PARTNERS, SO I THINK WE'LL GET IT DONE.

GREAT QUESTION. WILL THIS DOVETAIL? I KNOW WE MAYBE SOMEBODY IN THE ROOM BROUGHT UP AN ENTREPRENEURSHIP PROGRAM, MAYBE SOMEWHERE FUNDED BY THIS.

SURE. THE OTHER BOARD, IS THAT SOMETHING THIS COULD EVOLVE INTO? OR IT IT COULD EITHER GO SIDE BY SIDE WITH IT, OR IT COULD CERTAINLY DOVETAIL INTO WHEN I WAS RUNNING A PROGRAM IN MCKINNEY.

WE STARTED THERE ENTREPRENEURIAL CENTER THERE, TECH CENTER, THE HUB, AND WE WERE 100%.

WE HAD I HAD A GREAT DIRECTOR DOING IT, A GUY NAMED JOHN VALENCIA,

[00:25:03]

WITHIN LIKE 90 DAYS. AND WE HAD TO TRY TO FIND MORE ROOM AND REACH.

SO AND THEN TODAY, I MEAN, IT'S THEY'VE GOT A COUPLE OFFICE BUILDINGS THAT SOME OF THESE HAVE GROWN INTO.

SO THERE'S A LOT OF OPPORTUNITY THERE.

AND IF WE HAVE SOME TECH MINDED FOLKS HERE, WE'LL FIGURE OUT A SPACE BASE THAT WE CAN LEASE AND PROVIDE SHARED SPACE TO THEM.

AND GET THAT TECH HUB.

I WANTED THE OFFICE THERE WHEN WE SET IT UP, BECAUSE IT WAS JUST A REALLY COOL VIBE AS COUCHES, COFFEE MACHINES.

VERY LAID BACK WITH MINIMALIST DESKS.

I WAS KIND OF JEALOUS. EVERY TIME I WENT BY THERE.

I HAD TO GO BACK TO MY OFFICE.

SO. BUT, YOU KNOW, THAT'S A THAT'S A THAT'S A REAL OPPORTUNITY HERE, I THINK. ONE LAST QUESTION.

MIGHT BE KIND OF PREMATURE, BUT HAVE WE THOUGHT ABOUT DOING ANY TYPE OF, LIKE, MARKETING PLANS TO THE LOCAL BUSINESSES HERE IN PRINCETON SO THEY CAN PROBABLY GET A FIRST LOOK, A FIRSTHAND LOOK AT THESE KIDS? I KNOW IT'S KIND OF LATE FOR THE ISD, BUT CAN SOMETHING BE DONE FOR THE LOCAL BUSINESSES? THAT'S THE PLAN, BUT WE DIDN'T HAVE TIME FOR IT THIS YEAR.

IT'S ALL KIND OF GRASSROOTS.

LITERALLY, THE CHAMBER'S GOING OUT AND JUST MEETING WITH THEIR MEMBERS AND AND COMPANIES TRYING TO GET PEOPLE TO BUY INTO IT AND PLACE A FEW KIDS.

BUT OBVIOUSLY THAT IS A PLAN BECAUSE IT'S A REAL BENEFIT TO THEM AS WELL.

I MEAN, THESE COMPANIES ARE GOING TO GET A FREE WORKER FOR TWO MONTHS. AND SO IT'S JUST WE HAD THE PROGRAM PRETTY MUCH DESIGNED ABOUT THREE DAYS BEFORE THE SCHOOLS WENT OUT.

AND I'M LIKE, WE MAY NOT GET KIDS THIS YEAR, MAYBE TOO LATE, BUT AT LEAST WE GOT A JUMP ON GETTING EVERYTHING ESTABLISHED WHERE WE CAN REALLY ROLL IT OUT. NICE. I'D STILL LIKE TO PLACE A FEW KIDS.

THE CITY COUNCIL WILL BE ACTING ON APPROVING THE FUNDING NEXT MONDAY.

AND ONCE THE FUNDING IS OFFICIALLY THERE, THEN WE'RE WE'RE GOING TO START TRYING TO PLACE SOME KIDS ASAP. ANY OTHER QUESTIONS? I'M DONE, MR. CHAIR. AWESOME. WE'LL MOVE TO THE NEXT ITEM ON THE AGENDA.

THAT'S THE BOARD REPORT ITEMS. XQD EDC BOARD OF DIRECTORS REPORT ABOUT ITEMS OF COMMUNITY INTEREST IN WHICH NO ACTION WILL BE TAKEN. DOES ANYBODY HAVE ANYTHING? OKAY, WE'LL MOVE TO THE CONSENT AGENDA.

[I. CONSENT AGENDA]

THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS A BOARD MEMBER SO REQUESTED, IN WHICH EVENT THE ITEM WILL BE REMOVED FROM THE CONSENT AGENDA AND CONSIDERED IN ITS NORMAL SEQUENCE ON THE AGENDA.

SO WE'RE APPROVING THE MINUTES, DISCUSSION AND ACTION REGARDING MINUTES OF THE PDC MAY 5TH, 2025 REGULAR MEETING.

AND THE FINANCIAL STATEMENT DISCUSSION AND FOR THE PDC FINANCIAL STATEMENT.

SO I'LL NEED A MOTION AND A SECOND THEN WE'LL VOTE.

TO APPROVE THE THE MINUTES FROM MAY 5TH, 2025.

IN THE FINANCIAL STATEMENT, I SAID, MR. CHAIRMAN.

THAT IS APPROVED SIX ZERO AND WE'LL MOVE TO THE PRESENTATIONS.

[J. PRESENTATIONS]

LOOKING GOOD. THANKS FOR COMING.

BACK. OF COURSE. SPEAKING OF APPRENTICESHIP VERSUS FOUR YEARS COLLEGE EDUCATION, I CAN'T OPERATE THE MICROPHONE.

GOOD EVENING EVERYONE. THANK YOU SO MUCH FOR HOSTING US.

THE BUILDING IS SUBSTANTIALLY COMPLETE.

THE BUILDING LOOKS BEAUTIFUL. I DON'T KNOW IF ANY OF YOU DRIVE BY YOUR CHARM, ESPECIALLY AT NIGHT, BECAUSE WE LET THE TOWER A COUPLE OF NIGHTS AGO.

SO THE FACILITY LOOKS AMAZING.

WE'RE VERY PROUD TO BRING THIS DEVELOPMENT TO THE CITY OF PRINCETON, AND WE'RE VERY EAGER TO PROVIDE THE SERVICE TO THE CITY.

SO, SO FAR, WE OUR PLAN IS TO ACTUALLY OPEN FOR OPERATIONS IN JUNE 30TH, ASSUMING WE GET THE CEO ON TIME.

AND THEN AFTER WE GET THE CEO, WE HAVE TO GO THROUGH STATE LICENSING.

SO THAT IS VARIABLE. IT'S OUTSIDE OUR CONTROL.

BUT THE PLAN HOPEFULLY IS TO FINGERS CROSSED TO OPEN IN JUNE 30TH.

[00:30:05]

WE'RE RUNNING THEM THROUGH OUR LOCATION IN ELLON TO TRAIN THEM.

SO THEY HIT THE GROUND RUNNING.

ONCE WE REACH CAPACITY, WE'RE PLANNING ABOUT 30 FULL TIME EMPLOYEES.

SO IT'S A IT'S A IT'S A GOOD SIZE OPERATION, FOR THE CITY OF PRINCETON AND FOR US.

WE HAVE 60 PARENTS THAT HAVE ALREADY PAID DEPOSITS TO PUT THEIR KIDS IN.

WE HAVE ABOUT 100 LEADS OF OTHER PARENTS, MOST OF WHOM ARE JUST WAITING TO COME AND SEE THE BUILDING AND MEET THE TEACHERS BEFORE THEY SIGN.

YOU KNOW, IF THERE'S SOME HESITATION BECAUSE THEY HAVEN'T DONE IT OR THEY HAVEN'T EXPERIENCED IT BEFORE.

SO WE'RE ON TO A VERY, VERY GOOD START.

WE'RE GOING THROUGH NOW.

SO THE BUILDING IS COMPLETE IS JUST MINOR TOUCHUPS CLEANING.

WE WERE GOING THROUGH INSPECTIONS, SO WE HAD A PRE INSPECTION WALKTHROUGH LAST WEDNESDAY WITH PLANNING AND ZONING.

AND THE CITY HAD HIRED A THIRD PARTY CIVIL ENGINEER TO DO THAT FOR THEM, WHO HAD NOT BEEN PART OF THE PROJECT FROM THE BEGINNING.

AND HE SEEMED TO BE CHANGING THE GOALPOSTS FOR US.

SOME OF THE STUFF WE UNDERSTOOD FROM THE CITY AT THE TIME OF THE PRE-CONSTRUCTION MEETING.

YOU KNOW, HE'S CHANGING THE STORY ON THAT. SO I'VE REACHED OUT TO JIM ASKING HIM FOR HIS HELP. AND, YOU KNOW, HOPEFULLY YOU CAN HELP US OUT WITH THAT.

I'M MEETING WITH DEVELOPMENT SERVICES, WHICH IT'S THEIR TEAM TOMORROW FORWARDED YOUR EMAIL TO THEM JUST SO WE CAN KIND OF TALK THROUGH SOME OF THE CHANGES.

THERE MAY BE A FEW OF THEM THAT NEED TO BE MADE.

WE MAY BE ABLE TO WORK WITH YOU ON OTHERS, BUT HOPEFULLY I'LL HAVE AN ANSWER FOR YOU WITHIN THE NEXT DAY OR TWO.

THANK YOU. I REALLY APPRECIATE THAT, JIM.

SO ONCE THAT IS DONE WE WE HAVE YOU KNOW, A PRESCHOOL, A MODERN DAY PRESCHOOL IS, IS IS A BIG OPERATION.

RIGHT? SO EVERY PIECE OF FURNITURE, EVERY TOY, EVERY BOOK HAS TO BE CERTIFIED.

IT HAS TO BE APPROVED BY THE STATE LICENSING, AND IT HAS TO BE COMMERCIAL QUALITY, IT HAS TO BE SAFE FOR KIDS.

VERY DIFFERENT FROM THE PRESCHOOL I WENT TO WHEN I WAS VERY YOUNG.

RIGHT. SO WE'VE ACTUALLY ORDERED THE THE FFA IS IT'S A BIG TRUCK THAT'S COMING FROM ATLANTA.

SO THE TIMING IS VERY, VERY CRITICAL.

AND WE'VE BEEN WORKING WITH THE CITY SO WE CAN GET OUR TCO TO ALLOW US TO PUT THE FFA.

IT'S ABOUT $200,000 WORTH OF FURNITURE AND TOYS AND THINGS LIKE THAT.

AND THESE BIG TRUCKS, YOU KNOW, THE VENDORS, THEY HAVE SO MANY OTHER SCHOOLS WAITING FOR THEM.

SO IF WE MISS OUR WINDOW, THAT MIGHT PUSH US OUT TO THE END OF JULY OR AUGUST, WHICH IS GOING TO COMPLETELY OFFSET THE TABLE, ESPECIALLY THAT WE ALREADY HAVE FULL TIME STAFF THAT WE'RE PAYING THE PAYROLL.

RIGHT? SO IT'S IT BECOMES A BALANCING ACT.

AND, YOU KNOW, ANY HELP.

YOU KNOW, WE REALLY APPRECIATE THAT, JIM.

SO THAT'S REALLY THE GENERAL UPDATE. WE'RE VERY EXCITED.

WE ARE GOING TO HAVE A BIG PARTY.

EVERYONE IS INVITED SO PLEASE LOOK OUT FOR IT.

ONCE WE HAVE THE CEO IN HAND AND WE CAN SCHEDULE THE DATES FOR THE OPENING AND ALL THAT STUFF, WE'RE GOING TO HAVE A BIG PARTY AND HOPEFULLY INVITE EVERYONE.

SO AND ONCE WE'RE OPEN, WE WOULD BE VERY INTERESTED AND OPEN IN THE APPRENTICESHIP PROGRAM.

WE WOULD LOVE TO HOST SOME OF YOUR KIDS WHO ARE WHO MIGHT BE INTERESTED IN A CAREER IN CHILDCARE BECAUSE CHILDCARE IS A CALLING.

YOU KNOW, PEOPLE TRY IT AND THEY MIGHT HATE IT.

THEY DON'T WANT TO BE AROUND KIDS OR THEY MIGHT LOVE IT.

AND THOSE ARE THE PEOPLE WE LOOK AFTER.

SO IT BEHOOVES US TO GIVE AN OPPORTUNITY TO OUR YOUNG KIDS TO EXPERIENCE THAT.

OKAY. ANY QUESTIONS? IT'S CERTAINLY A CALLING.

I MEAN, YOU KNOW, MY WIFE AND I JUST RECENTLY DECIDED WE DIDN'T WANT KIDS, AND WE'RE ARGUING ON WHICH ONE OF US HAS TO TELL THE TWO.

WE HAVE. WE HAVE TWO KIDS, IF YOU'RE INTERESTED.

I'M HERE ALL WEEK, Y'ALL.

WHAT IS YOUR KIND OF YOUR GOAL OR YOUR CAPACITY? YOU MENTIONED YOU'VE GOT 60 AND YOU'VE GOT ABOUT 100 PROSPECTIVE.

I MEAN, HOW MANY CHILDREN CAN YOU HANDLE IN A SCHOOL YEAR? SO LOOKING AT OUR CENTER AND ALLEN WERE LICENSED FOR 238 KIDS.

FOR 238 KIDS, YOU'RE GOING TO REQUIRE STAFF, FULL TIME STAFF, ABOUT 30 TO 35. OKAY. BECAUSE WE'RE OPEN FROM 06:30 A.M.

TO 6:30 P.M.. SO YOU HAVE DIFFERENT SHIFTS OF STAFF SWITCHING.

IN ADDITION TO THAT, TO SERVE COMMUNITIES WHERE BOTH PARENTS WORK AND THEY HAVE,

[00:35:07]

THEY MIGHT NEED TO LEAVE EARLY BEFORE THE PUBLIC SCHOOL OPENS, THE ELEMENTARY SCHOOL.

SO WE HAVE A PRESCHOOL PROGRAM AND WE HAVE AN AFTER SCHOOL PROGRAM, AND WE HAVE BUSSES SO THE PARENTS CAN DROP THEIR ELEMENTARY SCHOOL KIDS IN OUR SCHOOL.

BUT AFTER 6:30 A.M., WE'LL TAKE THEM, WE'LL HOST THEM, WE'LL GIVE THEM BREAKFAST, WE'LL GIVE THEM A SAFE ENVIRONMENT TO PLAY AND DO THEIR HOMEWORK, ETC.

AND THEY WILL SHUTTLE THEM TO THEIR ELEMENTARY SCHOOL.

AND THEN AT THE END OF THE ELEMENTARY SCHOOL, YOU KNOW, 2 TO 30, THE DISMISSAL TIME WE PICK THEM UP, WE BRING THEM BACK TO THE CENTER AGAIN, SAFE ENVIRONMENT.

WE FEED THEM, GIVE THEM A CHANCE TO PLAY.

THEY CAN PLAY IN THE BACKYARD WHERE THEY CAN START THEIR HOMEWORK, ETC.

IT'S ALL SUPERVISED. WE HAVE SPECIALIZED TEACHERS TO DO THAT.

AND THEN SO THE PARENTS DROP THEM OFF IN ONE PLACE AND PICK THEM UP IN ONE PLACE, ESPECIALLY PEOPLE WHO HAVE THE LONG COMMUTE.

YOU KNOW, THEY HAVE TO LEAVE VERY EARLY TO BEAT THE COMMUTE, AND THEY MAY NOT BE ABLE TO COME HOME UNTIL AFTER 6 P.M..

SO THAT'S IN ADDITION TO THE TO THE YOUNG KIDS, THE PRESCHOOL AGE KIDS THAT THAT WE SERVE.

SO YES. SO WE'RE HOPING BASED ON THE INTEREST WE HAVE, WE'RE HOPING THAT, YOU KNOW, VERY QUICKLY WE'RE GOING TO HIT 150, 160 STUDENTS AND THEN HOPEFULLY BUILD OUR CAPACITY TO OR BUILD OUR ENROLLMENT TO ABOUT 200 KIDS. AWESOME. SO CONGRATULATIONS.

IT'S GREAT TO HAVE IT SO CLOSE.

AND I THINK THIS IS A GOOD EXAMPLE.

LIKE CAN YOU. BUT NOW MY WIFE IS THERE'S A LOT OF THINGS IN THE TUNNEL.

BUT I THINK IT'S A GOOD EXAMPLE. LIKE FROM THE TIME WE MADE THE DEAL FOR THE LAND TO NOW, IT GIVES A LOT OF CREDENCE TO WHAT YOU WERE SAYING, HOW LONG IT TAKES FROM THE TIME WE HAVE SOMEBODY THAT WE ACTUALLY, AS A BOARD WANT TO WANT TO BRING IT TO PRINCETON.

SO IT'S A GOOD IT'S GREAT TO HAVE YOU AT THAT POINT.

SO CONGRATULATIONS. THANK YOU.

ANY OTHER THOUGHTS? THANK YOU.

THANK YOU. THANK YOU. WE WILL MOVE TO J2 FY 2526 DRAFT BUDGET PRESENTED BY OUR CEO.

EVERYBODY SHOULD HAVE THIS IN FRONT OF YOU, AND I BELIEVE DESHAWN IS GOING TO PUT IT UP ON THE SCREEN AS WELL.

YOU KNOW, I ALWAYS JOKE THAT IN CITY GOVERNMENT, WE USUALLY GET ABOUT THREE MONTHS OFF FROM THE BUDGET PROCESS.

IT SEEMS LIKE BY THE TIME WE GET IT APPROVED.

THANK YOU ALL. IT'S ABOUT THREE MONTHS.

IT'S TIME TO START OVER.

TO GET WITH THE CITY'S BUDGET CALENDARS.

SINCE WE ONLY MEET ONCE A MONTH.

I TRY TO NEVER SHOW YOU GUYS SOMETHING AND WANT YOU TO ACT ON IT.

AT THAT FIRST MEETING, I MEAN, THERE'S GOING TO BE EXCEPTIONS ON PROJECTS AND THINGS LIKE THAT, I'M SURE.

BUT I WANTED TO GIVE YOU AN IDEA OF WHAT IT'S GOING TO LOOK LIKE.

OUR INITIAL AND THIS IS A DRAFT JUST TO GET ANY FEEDBACK IF YOU SEE ANYTHING THAT JUMPS OUT AT YOU. BUT I WANT TO WALK THROUGH A FEW THINGS THAT ARE OF NOTE.

AS YOU CAN SEE AT THE VERY TOP, WE'RE ESTIMATING NEXT YEAR AN INCOME OF SALES TAX OF 2,275,000. THAT IS, THIS YEAR WAS 2,060,000.

SO IT'S UP ABOUT 9%. AN INTEREST OF ABOUT 300,000.

THAT'S GOING TO BE PRETTY FLAT.

SOME OF THOSE RATES MAY START COMING DOWN.

SO AS OUR FUND BALANCE GOES UP, IF THE RATES COME DOWN, WE'RE JUST BUDGETING THAT TO BE PRETTY FLAT.

AND THE 106 574 IS THE LAND PAYMENT FROM 99 VISION.

IF YOU'RE A MEMBER, ALTHOUGH WE RECLAIM THE 15.4 ACRES, THEY STILL HAVE 9.4 ACRES THAT WE SOLD THEM AND FINANCE THAT THEY'RE PAYING US.

IF YOU LOOK IN THE GREEN, THAT'S THE EXPENDITURES.

THE FIRST NUMBER OF LINES ARE ALL WAGE AND COST OF EMPLOYMENT NUMBERS.

I WILL TELL YOU, THOSE ARE GOING TO BE FLAT TO THIS PAST YEAR RIGHT NOW.

WE'VE NOT BUDGETED ANY INCREASES.

I THINK YOU HAD PUT A LITTLE PADDING IN WHEN YOU BROUGHT ME ON, IN CASE WE WANTED TO BRING ON ANOTHER EMPLOYER OR WHATEVER. SO I THINK WE HAVE A LITTLE BIT OF ROOM IN THAT, AND I WOULD SUSPECT WHEN I BRING IT BACK NEXT MONTH, I WOULD EXPECT THOSE NUMBERS TO PROBABLY STAY PRETTY FLAT.

SO HERE'S WHERE A LOT OF THE DIFFERENCES START WHEN IT GETS DOWN TO OPERATING EXPENSES. PREVIOUSLY YOU'VE SEEN A BUDGET DOCUMENT THAT HAD ABOUT 60 BUDGET CODES ALL THE WAY DOWN TO OFFICE SUPPLIES, MAINTENANCE,

[00:40:06]

THAT'S ONE LUMP SUM. 50,000.

THAT'S ACTUALLY DOWN A LITTLE BIT.

IF YOU LOOK STRAIGHT ACROSS, IT'LL SHOW THE BUDGET FOR 25 HOUR ACTIVITY TO DATE. NOW, I WILL SAY THAT'S GOING TO BE SKEWED A LITTLE BIT BECAUSE OBVIOUSLY WITH ME JUST STARTING BASICALLY AT THE FIRST OF THE YEAR, THERE WERE THE FIRST SEVERAL MONTHS I WAS PLAYING CATCH UP.

AND I MEAN, WE JUST WEREN'T SPENDING WE JUST WEREN'T SPENDING ANY MONEY.

WE WEREN'T DOING MARKETING, WE WEREN'T BEING AS PROACTIVE.

SO I WENT AHEAD. I DID DECREASE IT BY $8,000.

BUT KEEP IN MIND THAT WE ALSO HAVE THE CDC THAT'S GOING TO HAVE A VERY SIMILAR BUDGET, AND THERE'S 50 OUT OF THEIRS AS WELL.

BELOW THAT LEGAL EXPENSES HAD IT AT 50.

WE'RE NOT SPENDING THAT MUCH, BUT I DID BUDGET 30.

AS WE START DOING MORE DEALS AND WE HAVE MORE GOING ON, WE'RE GOING TO NEED GRANT MORE.

AND SO I WILL ALSO SAY THIS IN THE BUDGET REPORT THAT WE DID.

AND I MENTIONED THAT AT THE END OF THE YEAR, WE'RE PROBABLY STILL GOING TO HAVE 50% OF THE BUDGET REMAINING. JUST BECAUSE I'M BUDGETING SOMETHING DOESN'T MEAN I'M GOING TO SPEND IT.

AS A MATTER OF FACT, I LITERALLY CAN'T REMEMBER A SINGLE TIME IN MY CAREER.

I'VE SPENT EVERYTHING IN MY BUDGET. BUT BUT I WANT TO HAVE IT THERE BECAUSE THE WAY WE FUNCTION TO ADD ANYTHING TO THE BUDGET WILL TAKE PROBABLY A MONTH TO SIX WEEKS, BECAUSE WE HAD TO BRING IT TO YOU. THEN WE'VE GOT TO GET IT ON A COUNCIL AGENDA AFTER THAT, AND WE DO OUR COUNCIL AGENDAS TWO WEEKS IN ADVANCE.

SO ANYWAY, THESE AREN'T OVERLY AGGRESSIVE BY ANY MEANS.

BUT THAT'S WHY PROFESSIONAL SERVICES AND CONSULTING A PERFECT EXAMPLE IS WHAT I MENTIONED EARLIER. THIS IS WHERE I PAY FOR THINGS LIKE GETTING OUR PROPERTY SURVEYED IF I NEED A SURVEYOR, IF I NEED AN ENGINEER TO DO SOMETHING.

WE DO HAVE A DETENTION POND IN OUR PROFESSIONAL PARK.

WE RECEIVED A COMPLAINT ABOUT AN ISSUE OF THE BACK OF IT POSSIBLY FAILING SOMEWHERE.

IF IT IS, I DON'T KNOW THAT IT IS.

OUR GUYS ARE GOING TO LOOK AT IT TOMORROW, BUT IF IT IS, IT'S OUR RESPONSIBILITY. WE'RE GOING TO HAVE TO TAKE CARE OF THAT. MOWING THINGS LIKE THAT. AUDIT EXPENSES. THAT'S A PASS THROUGH FROM THE CITY.

WE'RE PART OF THE CITY'S AUDIT EVERY YEAR.

MARKETING. YOU WON'T SEE.

THEY TABLED THE BUDGET AMENDMENT FOR THIS YEAR, WHICH IS WHY YOU DON'T SEE OUR CURRENT MARKETING BUDGET AT ABOUT 200,000.

YOU KNOW, WE'VE HAD THE CONVERSATION THAT FOR THESE TWO CORPORATIONS, BY LAW, WE'RE ALLOWED TO BUDGET 10% OF OUR BUDGETED INCOME FOR MARKETING.

AND ANYTHING THAT'S UNEXPENDED YOU CAN ROLL OVER TO A FUTURE YEAR.

AND I'LL GIVE YOU AN EXAMPLE. WE COULD HAVE ONCE WE TAKE OVER SOME OF THE CORE PARKS WE ANNEX SOME OF THE CORE LAND AND WE START DOING SOME OF THESE PARKS PROJECTS.

THERE COULD BE A REBRANDING PROJECT.

THERE COULD BE A WAYFINDING PROJECT THAT THESE THINGS COST HUNDREDS OF THOUSANDS OF DOLLARS. BY HAVING THE MONEY IN THAT FUND, WE'RE ABLE TO TAP THAT AND SPEND IT.

IF WE DON'T HAVE IT BUDGETED.

YOU CAN'T ROLL IT OVER.

SO YOU'LL NEVER BUILD UP ANY MARKETING FUNDS FOR A LARGE PROJECT LIKE THAT.

SO THAT'S WHY I DO IT.

THE 227 FIVE IS 10% OF THE EXPECTED INCOME.

THE SSD FRISCO'S JUST A SMALL LEFTOVER INCENTIVE AGREEMENT.

OPEN $10,000. AND HERE'S THE HERE'S THE BULK OF IT.

1.5 MILLION FOR LAND. 581 401 50 FOR BUSINESS RELOCATION.

THERE IS NO MAGIC TO THOSE NUMBERS.

WE DO A BALANCED BUDGET HERE, WHICH MEANS OUR EXPENDITURES ARE GOING TO BE BUDGETED BALANCED WITH OUR INCOME.

AND SO ONCE I HIT THE MAIN OPERATIONAL ITEMS AND NUMBERS THAT I WAS COMFORTABLE WITH.

THE ADDITIONAL MONEY I PUT INTO THE BUSINESS ATTRACTION FUND.

THAT'S WHY IT'S A KIND OF AN ODD NUMBER.

AND I ROUNDED OFF BASICALLY THE LAND ACQUISITION FUND LAST YEAR WAS 14 1.454, AND I JUST MADE IT 1.5 MILLION.

IT IS BALANCED. AGAIN, I'M NOT ASKING FOR ANY ACTION.

THIS IS JUST KIND OF GIVE YOU A FIRST LOOK OF WHAT WE'RE EXPECTING BOTH REVENUE WISE AND WHAT I'M THINKING CURRENTLY EXPENDITURE WISE.

AND IF YOU HAVE ANY FEEDBACK, I'M MORE THAN HAPPY TO TAKE IT AND MAKE ADJUSTMENTS. AND I WILL BE BRINGING IT BACK TO THIS BOARD IN JULY FOR APPROVAL, BECAUSE IT HAS TO BE APPROVED BY THE CITY IN AUGUST BY LAW.

AND SO IT TAKES US A LITTLE WHILE TO GET IT INTO THE CITY'S BUDGET BOOK AND BE PART OF

[00:45:02]

WITH THAT, I'LL BE HAPPY TO ANSWER ANY QUESTIONS.

I JUST HAVE A QUICK ONE. MAKE SURE I UNDERSTOOD YOU SAID THAT.

IF I REMEMBER CORRECTLY FROM A PREVIOUS MEETING, WE TALKED ABOUT AMENDING OUR CURRENT BUDGET FOR THAT MARKETING LINE ITEM.

AND IF I CAUGHT YOUR BRIEF SENTENCE THAT GOT TABLED BY COUNCIL, IT DID. CAN YOU UPDATE ME? BECAUSE I WAS NOT AWARE THAT I'D MISSED WHERE THAT GOT TABLED.

THE ENTIRE CITY'S GOT TABLED.

THEY HAD SOME QUESTIONS, I BELIEVE, ABOUT THE WHAT THE CDC'S CARRYOVER. AND I THINK WE'RE ADDRESSING THOSE.

I EXPECT IT TO COME BACK.

COUNCILMAN, DO YOU REMEMBER IF THAT'S GOING TO BE ON MONDAY'S WELL, AGENDA AGAIN? AND HERE'S THE REASON I ASK IS BECAUSE THAT CAN BE ROLLED OVER.

I'M SORRY. THE REASON I ASK IS BECAUSE THAT CAN BE ROLLED OVER.

RIGHT. SO IT CAN IT'S TO ME, IT'S IMPORTANT THAT WE DO GET THAT RESOLVED, MAYBE NOT FOR THIS YEAR'S MARKETING PURPOSES, BUT TO ROLL THAT AND GET A HEAD START INTO NEXT YEAR.

NO I AGREE. YES, SIR. QUICK QUESTIONS.

I'M TRYING TO SEE IF I HEARD YOU RIGHT.

SO FOR THE OPERATING EXPENSES, THERE'S A BIG VARIANCE BETWEEN THE ACTUAL 24 AND THEN WHAT WE BUDGETED AND THE PROPOSED BUDGET.

IS THAT BECAUSE FISCAL YEAR 24, THE ACTUAL WASN'T GROUPED LIKE YOU.

LIKE. YOU ROLLED EVERYTHING UP.

YEAH. THERE. AND THANK YOU.

BECAUSE I DIDN'T EVEN MENTION THAT PREVIOUSLY.

THERE WERE I ROLLED ABOUT NINE ITEMS INTO THAT ITEM BECAUSE WE HAD A BROKEN DOWN WITH MEETING FOOD EXPENSE, OFFICE SUPPLIES, MILEAGE REIMBURSEMENT.

ALL THOSE THINGS ARE JUST STANDARD OPERATING STANDARD OPERATING BUDGET FUNDS.

TO ME, THAT'S HOW I'VE ALWAYS DONE IT.

AND SO, YES, THERE IS A BIG DIFFERENCE BECAUSE A COUPLE OF THINGS.

WHAT I DID MENTION IS THIS YEAR IS KIND OF AN ANOMALY, BECAUSE MY FIRST THREE OR SO MONTHS HERE, I WAS JUST GETTING ACCLIMATED AND WE REALLY DIDN'T SPEND ANY MONEY.

AND I, WHILE I'M DOING MY HOMEWORK AND READING IT, DIDN'T. WE DON'T HAVE TO SPEND MONEY FOR ME TO READ DOCUMENTS AND TRY TO GET SOME, YOU KNOW, INTERNAL THINGS CORRECTED.

AND SO I THINK THIS YEAR IS ARTIFICIALLY LOW.

AND THEN TO YOUR POINT, IF YOU LOOK AT PREVIOUS YEARS, WE LOOK HIGH NOW BECAUSE WE'VE ROLLED ABOUT NINE OTHER LINE ITEMS WE USED TO HAVE INTO THAT ONE BIGGER FIGURE.

OKAY. AND SO DO YOU THINK.

SO WE'RE ESTIMATED 58 K.

BUT WE DROPPED THE PROPOSALS DOWN TO 50.

YEAH. I DON'T THINK THERE'S GOING TO BE RIGHT NOW WE'VE DONE A LITTLE OVER 16,000 IN EACH CORPORATION, AND I FELT COMFORTABLE BRINGING IT DOWN A LITTLE BIT.

NOW, KEEP IN MIND THAT ONCE THE BUDGET'S APPROVED, IF WE RUN UP AGAINST A CEILING ON OPERATIONS FOR SOME REASON I'M ABLE TO MOVE SOME MONEY AROUND WITHIN THE BUDGET FROM LINE ITEM TO LINE ITEM.

IN OTHER WORDS, I CAN MOVE A LITTLE BIT OF MONEY OUT OF BUSINESS RELOCATION AND RETENTION AND OPERATIONS IF I NEED TO.

AS LONG AS WE DON'T GO OUTSIDE OF THE TOTAL NUMBER THAT'S BEEN BUDGETED FOR THE YEAR.

BUT I THINK WE'RE GOING TO BE IN GOOD SHAPE.

I'M GOING TO GO AHEAD AND BLAME THIS ONE ON CHRIS.

HE'S THE IT PERSON THAT DREW THE STRAW TO BE HERE TONIGHT.

AND SO THAT ONE'S ON HIM.

IF YOU'LL NOTICE, LAST YEAR IT WAS BUDGETED 58 SIX OR WHATEVER.

AND I DID BACK IT OFF $8,600.

BUT KEEP IN MIND, THERE'S A MIRROR BUDGET WITH THE CDC THAT'S GOING TO HAVE THAT SAME DOLLAR FIGURE IN IT. SO YOU'RE NOT PAYING FOR 100% OF THE OPERATIONS.

OKAY. THANK YOU. DID I HEAR YOU CORRECTLY.

THERE'S NO PAY INCREASE FOR DESHAWN IN HERE BECAUSE I'M NOT WORRIED ABOUT YOU SO MUCH.

BUT I APPRECIATE THAT.

THAT WAS HONESTLY THAT WAS VERY NICE OF YOU.

IF IT'S ACROSS CITY, CITY EMPLOYEES, THERE'S A CERTAIN POOL.

IF IT'S LIKE THERE IS, AND THERE'S ENOUGH MONEY IN THE BUDGET FOR INCREASES TO THE STAFF WE HAVE.

I WAS JUST THINKING ABOUT YOU. I APPRECIATE THAT.

I NOTICED YOU DIDN'T SAY PAY INCREASE FOR YOU.

YOU SAID A PAY INCREASE FOR DESHAWN.

SO YOU'RE TRYING TO GET ME IN TROUBLE.

YOU GOT SOME PEOPLE IN THE ROOM HERE THE LAST TIME.

YEAH A LOT OF LOVE. ANY OTHER QUESTIONS ABOUT THIS FOR THE FIRST RUN THROUGH.

AND YOU'LL GET ANOTHER OPPORTUNITY NEXT MONTH.

ASK FURTHER QUESTIONS. MAKE FURTHER COMMENTS.

I'LL TAKE THE LACK OF FURTHER QUESTION, AS YOU'RE OKAY WITH THE DIRECTION THAT'S GOING. AND CHANCES ARE VERY, VERY, VERY GOOD THAT NEXT MONTH IS GOING TO LOOK VERY SIMILAR TO THIS.

THAT'S ALL I HAVE. NO, NO ACTION NEEDED ON THAT.

THANK YOU. GOOD. THANK YOU.

WE WILL MOVE TO OUR REGULAR AGENDA.

[K. REGULAR AGENDA]

[00:50:02]

REQUEST FOR FROM PRINCETON SQUARE SALON AND SPA TO REVISE PERFORMANCE AGREEMENT WITH PDC.

AND THIS IS AN INTERESTING ONE BECAUSE WE HAVE TRANSITIONED THIS GRANT PROGRAM TO THE CDC. BUT THE PERFORMANCE AGREEMENT LITERALLY SAYS THAT HE HAS TO COME GIVE AN UPDATE TO THE EDC BOARD. IT'S TIME TO DO THAT.

SO WE'VE ASKED THEM TO GO AHEAD AND GIVE AN UPDATE IF WE MAKE ANY CHANGES TO IT.

AND THIS IS THE FIRST HE'S HEARING THIS, PROBABLY UNLESS YOU HAD AN OPPORTUNITY TO EMAIL HIM, HE WILL HAVE TO GO BACK THROUGH THE PROCESS WITH THE CDC AND MAKE CHANGES, BECAUSE THESE GRANTS ARE VERY SPECIFIC FOR SPECIFIC WORK.

AND SO IF THE SCOPE CHANGES, YOU KIND OF HAVE TO REAPPLY.

SO HE'S ALREADY DONE. IT'D BE PRETTY SIMPLE TO DO.

YOU'VE DONE ALL MOST OF THE WORK.

NOW YOU'D JUST BE ADJUSTING THE SCOPE OF WORK AND THE DOLLAR FIGURES, BUT HE WOULD HAVE TO. HE WOULD TAKE IT BACK TO THE CDC.

BUT SINCE THE AGREEMENT SAYS HE'S REQUIRED TO GIVE AN UPDATE TONIGHT, HE'S BEEN GOOD ENOUGH TO COME AND GIVE AN UPDATE TONIGHT.

YOU KNOW, IT'S REALLY INTERESTING BEING HERE BECAUSE I SEE HOW THE CITY WORKS A LITTLE BIT BETTER. I NEVER WOULD BE HERE IF IT WASN'T FOR THIS GRANT PROGRAM, SO THANKS FOR HAVING ME.

ANYWAYS IT'S BEEN A REAL STRUGGLE WORKING WITH THE CONTRACTORS.

THE FIRST PERSON THAT WE HIRED WAS US STRIPING.

THEY GAVE US A FIGURE OF 16 FIVE SOMEWHERE AROUND THERE, AND YOU GUYS APPROVED IT.

LP WORKS CAME, AND I FOUND OUT THEY WERE SUBCONTRACTING UNDER US STRIPING.

AND WHEN THEY SHOWED UP, THEY SAID, HEY, WE NEED ABOUT 8 OR $9000 MORE. I SAID, WHOA, I NEED TO TAKE THAT BACK TO THE COUNCIL.

TAKE IT BACK TO YOU GUYS.

YOU APPROVED IT. I WAS ECSTATIC.

THEY SHOWED UP AGAIN AND THEY SAID, HEY, YOU'RE GOING TO GET ALL THAT MONEY BACK IN YOUR POCKET. WE NEED ANOTHER FIVE GRAND.

AND I SAID, SEE YOU LATER.

I SAID, WE'RE NOT DOING THIS GAME.

THIS ISN'T THIS MONEY ISN'T FOR YOU.

IT'S YOU KNOW. THAT'S NOT HOW IT WORKS.

SO I'VE LET THEM GO AND WE'VE HAD SOME OTHER QUOTES ON THE PROJECT, AND THEY'RE JUST THEY'RE OUT.

IT'S EXPANSIVE, THE VARIETY OF QUOTES.

SO I'M GOING TO PROPOSE, I GUESS, AND DESHAUN IS GOING TO PUT ME ON THE CDC MEETING BOARD.

AND WE'LL TAKE A LOOK AT THAT AT THAT POINT.

AND I'M HERE FOR QUESTIONS IF YOU GUYS HAVE ANY.

THANK YOU THANK YOU THANK YOU.

GOOD LUCK. WE'LL MOVE ON TO.

IT'S HARD TO BELIEVE THAT YOU'RE HAVING AN ISSUE WITH CONTRACTORS. THAT'S NEVER HAPPENS.

WE'LL MOVE TO THE NEXT ITEM ON THE AGENDA.

2025014 EDC MEETING DATE.

CONSIDER, JUST CONSIDER, DISCUSS AND ACT ON A DATE AND TIME FOR FUTURE EDC MEETINGS. OKAY. AND WE'VE TALKED ABOUT THIS BEFORE.

AND AGAIN THIS IS. I'M GOING TO KIND OF LET YOU KNOW WHY WE PUT IT ON THE AGENDA.

BUT THE DECISION IS COMPLETELY UP TO YOU GUYS.

I MEAN, WE'RE NOT GOING TO BE UPSET EITHER WAY BECAUSE WE'RE STILL GOING TO MEET EVERY MONTH. BUT WE HAD SPOKEN BEFORE AND WE BROUGHT IT UP AGAIN, I BELIEVE, AT THE TRAINING SESSION THAT GENERALLY MOST OF THE CITIES I'VE BEEN IN, THE CITY COUNCIL MEETS THE FIRST AND THIRD TUESDAY, AND HERE IT'S THE SECOND AND FOURTH WILL.

SO WE WOULD HAVE OUR ECONOMIC DEVELOPMENT OR COMMUNITY DEVELOPMENT CORPORATION MEETINGS THE SECOND WEEK OF THE MONTH.

AND WHAT, YOU KNOW, I LEARNED VERY QUICKLY IN DOING OUR MEETINGS, THE FIRST MEETING OR FIRST WEEK OF THE MONTH, THERE'S TWO THINGS THAT WE'RE NOT GOING TO HAVE.

I MEAN, WE'LL WE'LL BE ABLE TO DOWNLOAD THE FINANCIAL REPORT AS IT LOOKS THAT DAY, BUT THE MONTH WON'T BE CLOSED OUT, SO IT'S NOT GOING TO HAVE ANY ADJUSTMENTS OR ANYTHING TO IT. IT'LL BE CLOSE TO ACCURATE, BUT IT'S NOT GOING TO BE COMPLETELY ACCURATE.

THE OTHER THING, WHICH IS EVEN REALLY MORE, IS THAT YOU WON'T HAVE, IN MOST CASES, THE MOST UPDATED SALES TAX RETURNS, TO GIVE YOU AN IDEA OF WHERE WE STAND FINANCIALLY.

AND I'LL GIVE YOU AN EXAMPLE.

LAST MONTH IN MAY, THE CDC, BECAUSE OF SOME BOARD CONFLICTS, THEY PUSHED THEIR MEETING TO THE THIRD WEEK OF THE MONTH.

WELL, YOURS WAS THE FIRST WEEK OF THE MONTH.

THEIRS WAS THE THIRD WEEK OF THE MONTH. AND THEY GOT A COMPLETELY DIFFERENT REPORT ON SALES TAX, BECAUSE BY THE TIME THEY HAD THEIR MEETING, WE HAD THAT NEXT MONTH'S REVENUE.

BUT AND IT COMES TOWARDS THE FIRST OF THE MONTH, BUT IT DOESN'T COME ON THE FIRST OF THE MONTH.

AND SO IT WILL COME SOMETIME THE FIRST WEEK OF THE MONTH.

[00:55:03]

AND SO THE CDC BOARD, I DISCUSSED IT LAST MONTH.

THEY'RE GOING TO, I BELIEVE, ACT ON IT TOMORROW.

WE WANT TO AVOID MONDAYS, THE P AND Z, THEY'RE NOT DOING IT NOW, BUT THEY'RE GOING TO NEED PARTICULARLY ONCE THE MORATORIUM IS LIFTED.

THEY'RE GOING TO NEED TWO MEETINGS A MONTH, AND I.

I DON'T SEE HOW THEY DON'T AND THEY DO MONDAYS.

SO MY CONVERSATION WITH DEVELOPMENT SERVICES IS I DON'T KNOW THAT THAT'S A DEAL BREAKER FOR US. WE COULD DO HOURS TUESDAY, WEDNESDAY WITH THE EDC BEING THE THIRD TUESDAY OF THE MONTH, THE CDC BEING THE THIRD WEDNESDAY, I THINK THEY WERE FINE WITH WEDNESDAYS.

THEY DIDN'T ACT ON IT LAST MONTH BECAUSE THEY HAD A COUPLE BOARD MEMBERS MISSING, AND THEY WANTED TO GIVE THEM AN OPPORTUNITY TO TO HAVE THE CONVERSATION.

BUT ANYWAY, THAT'S THE THOUGHT BEHIND IT.

IT'S IT'S AN OPPORTUNITY FOR US TO GIVE YOU ALL MORE COMPLETE INFORMATION AND MORE UP TO DATE INFORMATION. AGAIN, STAFF, WE'RE GOING TO MEET ONCE A MONTH.

SO WHETHER IT'S FIRST, SECOND, THIRD OR FOURTH WEEK, IT DOESN'T MATTER TO US, EXCEPT THAT I KIND OF PREFER TO GIVE YOU GUYS THE MOST ACCURATE INFORMATION I CAN AND THE MOST TIMELY INFORMATION I CAN.

SO THAT'S WHY I BROUGHT IT UP, IF YOU'RE A MEMBER.

WHEN I GOT HERE PREVIOUSLY, IT WAS LITERALLY AGAINST THE BYLAWS.

YOU COULDN'T MOVE YOUR MEETING DATES BECAUSE IT SAID IN THE BYLAWS WHAT DAY YOU HAD TO MEET. IF YOU'RE A MEMBER, WE'VE AMENDED THOSE.

AND SO IT LEAVES THAT FULLY TO YOUR DISCRETION.

NOT ONLY WHEN WE MEET, BUT WHERE WE MEET.

SO. THEORETICALLY, IF IF WE BRING A MAJOR EMPLOYER OR A HOSPITAL INTO TOWN IN ONE MONTH TO FOR THEIR GRAND OPENING, WE WANTED TO HOLD A BOARD MEETING IN THEIR BOARDROOM AT THE HOSPITAL.

LEGALLY, WE'RE ALLOWED TO DO THAT AS LONG AS IT'S IN THE CITY LIMITS.

AND I'VE BEEN IN OTHER CITIES WHERE WE'VE DONE THAT, AND IT'S ACTUALLY KIND OF COOL TO HAVE THE MEETING OFFSITE.

THE COMPANIES SEEM TO REALLY APPRECIATE THING IS VERY OFFICIAL, AND IT'S KIND OF AN HONOR FOR THEM BECAUSE THEY KNOW IT'S A LITTLE TRICKY FOR US TO DO SO ANYWAY. THAT'S WHY WE WE MADE THAT CHANGE TO THE BYLAWS.

IF THE THIRD WEEK DOESN'T WORK FOR YOU AND YOU WANT TO KEEP THE FIRST WEEK, WE KEEP IT THE FIRST WEEK.

IF IT REALLY DOESN'T MATTER TO YOU ALL AND YOU'D LIKE TO HAVE THE MOST UPDATED INFORMATION. WE DON'T WANT TO DO IT THE SAME WEEK AS CITY COMMISSION.

I WOULD PREFER BECAUSE I'M AT ALL MEETINGS AND.

BUT BUT THE THIRD WEEK WOULD SEEM TO WORK.

AND I'M OPEN FOR DISCUSSION.

QUESTIONS? COMMENTS? OH, I GUESS COMMENT OR QUESTION COMMENT IN REGARDS TO US MEETING.

IF THERE'S A DECISION TO BE MADE BY THE COUNCIL BASED ON SOMETHING THAT WE VOTED ON THAT NEEDS TO BE DONE.

WOULD THAT AFFECT OR MEETING THE THIRD WEEK OR WHATEVER MEETING AFTERWARDS FOR THAT MONTH? WOULD THERE BE ANY DIRECT.

IT'D BE EXACTLY THE SAME.

CURRENTLY WE MEET THE WEEK BEFORE COUNCIL AND WE MOVE IT TO THE THIRD WEEK.

WE'LL BE MEETING THE WEEK BEFORE COUNCIL BECAUSE THEY DO WE DO FIRST WEEK.

THEY DO SECOND AND FOURTH WEEK.

SO WE'LL STILL BE A WEEK AHEAD OF THEM EITHER WAY.

I THINK I'M ON BOARD WITH THE THE THIRD WEEK AND MONDAYS.

PERSONALLY, MONDAYS ARE PRETTY ROUGH FOR ME.

SO I'M GLAD TO HEAR THAT, BECAUSE WE'RE HOPING FOR TUESDAY.

YEAH. IF THAT'S OKAY WITH YOU ALL.

FOR THOSE REASONS, I'M ON BOARD WITH IT.

YEAH, I'M GOOD WITH THAT. I CAN PLAY AROUND EITHER WAY.

SO TO ME, YOU'RE GOING TO HAVE TO SAY SOMETHING EVENTUALLY. I ACTUALLY LIKE THE FIRST MONDAY, BUT I AM ONE OF THOSE PEOPLE THAT I'M FLEXIBLE.

SO IF Y'ALL WANT TO DO IT TUESDAY, IT'S FINE.

WE CAN DO THE THIRD WEEK AS WELL. IT'S FINE.

CAN WE? WE HAVE THE ABILITY TO TRY FOR JULY.

FOR SOME REASON, PEOPLE DON'T LIKE IT.

THEN WE CAN MOVE BACK, RIGHT? IT'S NOT. YOU CAN CHANGE THE MEETING.

AS LONG AS WE HAVE ENOUGH NOTICE TIME, AND WE'RE ABLE TO GET IT TO OUR MARKETING DEPARTMENT TO ALSO GET IT OUT ON SOCIAL MEDIA.

ABSOLUTELY. YEAH. IF EVERYBODY'S GOOD AND I'LL TELL YOU, IT'D BE A GOOD MONTH TO TRY IT BECAUSE YOU'RE NOT GOING TO MEET THE FIRST WEEK OF JULY ANYWAY. BECAUSE THE 4TH OF JULY, I MEAN, YOU WOULD MOVE IT TO THE THIRD WEEK

[01:00:01]

AND I THINK IT'D BE HARD TO MEET.

OKAY. DO WE NEED TO TAKE ACTION THEN? YES. OKAY. SO WE'LL NEED A MOTION TO MOVE IT.

AND A SECOND. THEN WE'LL VOTE.

YES, SIR. I'D LIKE TO MAKE A MOTION TO MOVE THE EDC MEETINGS TO TUESDAYS, THE THIRD WEEK OF EACH MONTH.

SECOND. MOTION. JOSH? YEAH. OKAY.

IF YOUR THING IS NOT WORKING AS CHRIS'S FAULT.

HE SAYS. IT'S OKAY IF YOU DO IT. LET HER RESET IT AND WE'LL.

DO IT AGAIN. YEP. THERE YOU GO.

TECHNOLOGY IS GREAT WHEN IT WORKS.

RIGHT NOW, SESAME IS YOURS WORKING.

WHAT IS IT? IT SAYS CLOSED AGAIN.

OKAY. IT'S UNANIMOUS. ALL RIGHT.

ALL RIGHT, EVERYBODY. HOLD ON.

ONE MORE PERSON. HERE WE GO.

ALL RIGHT, ALL RIGHT. THAT PASSES SIX ZERO.

THANK YOU ALL. WOW, THAT WAS EASY.

NOW WE'LL WE'LL GO TO EXECUTIVE SESSION.

[L. EXECUTIVE SESSION]

SECTION 551.071 TEXAS GOVERNMENT CODE CONSULTATION WITH THE ATTORNEY ON PENDING OR CONTEMPLATED LITIGATION, A SETTLEMENT OFFER, OR ON A MATTER IN WHICH THE DUTY OF THE ATTORNEY OR GOVERNMENTAL BODY UNDER THE UNDER TEXAS DISCIPLINARY CODE.

DISCIPLINARY RULES OF PROFESSIONAL CONDUCT OF THE STATE BAR OF TEXAS CLEARLY CONFLICTS WITH THE CHAPTER ON ANY GIVEN ITEM LISTED ELSEWHERE WITHIN THE AGENDA OR THE SUBJECT MATTER LISTED BELOW. THEN WE HAVE TEXAS GOVERNMENT CODE 551.072.

DISCUSS OR DELIBERATE THE PURCHASE, EXCHANGE, LEASE OR VALUE OF REAL PROPERTY.

AND UNDER THAT WE HAVE THE PROFESSIONAL PARK AND FUTURE DEVELOPMENT OPPORTUNITIES.

THEN UNDER GOVERNMENT CODE 551.087, DISCUSS OR DELIBERATE ECONOMIC DEVELOPMENT NEGOTIATIONS. WE HAVE PROJECT LONE STAR PROJECT HOME RUN AND UNITED SUPERMARKETS AND IT'S 706. WE'LL MOVE TO EXECUTIVE SESSION.

HEY, CHRIS, WE'RE NOT GOING TO TAKE ACTION AFTERWARDS, SO YOU DON'T NEED TO STAY. ALL RIGHT. IT'S 749. WE'VE RETURNED FROM EXECUTIVE SESSION.

[M. ACTION PERTAINING TO EXECUTIVE SESSION]

AND OUR NEXT ITEM ON THE AGENDA IS ADJOURNMENT.

OKAY. A MOTION TO ADJOURN IN A SECOND.

I'LL MAKE THE MOTION TO ADJOURN SECOND.

ALL THOSE IN FAVOR SAY AYE.

OR VOTE NO VOTE. IT'S UNANIMOUS.

WE ADJOURN.

* This transcript was compiled from uncorrected Closed Captioning.