[00:00:03]
[A. CALL TO ORDER]
TUESDAY, AUGUST 19TH, 2025. MIKE THOMPSON, PRESENT.JAMES MILLER. HERE. EMARCUS BINGHAM ABSENT. ALBERT LOTT.
ABSENT. PRESENT. I'M SORRY. JOSHUA HARRELL. ABSENT.
MICHAEL CRAWFORD. PRESENT AND SESAME MORRISON ABSENT.
SO WE'LL MOVE TO THE INVOCATION. HEAVENLY FATHER, WE THANK YOU FOR THE FOR BRINGING US TOGETHER THIS EVENING FOR THE SERVICE TO OUR COMMUNITY. GRANT US WISDOM IN OUR DISCUSSIONS, UNITY, AND OUR DECISIONS AND GUIDANCE AS WE WORK TO PROMOTE GROWTH AND OPPORTUNITY FOR PRINCETON. MAY OUR EFFORTS BE A BLESSING TO ALL THAT LIVE AND WORK HERE.
AMEN. AND WE'LL MOVE TO THE PLEDGE OF ALLEGIANCE.
NEXT ITEM IS PUBLIC APPEARANCE AND WE DON'T HAVE ANYBODY, SO WE'LL MOVE TO PUBLIC REPORT ITEMS.
[F. PUBLIC REPORT ITEMS]
NEXT REGULAR MEETING OF PEDC IS TUESDAY, SEPTEMBER 16TH, 2025 AT 6 P.M.NEXT REGULAR MEETING OF THE PEDC IS WEDNESDAY, SEPTEMBER 17TH AT 6 P.M.
CITY COUNCIL MEETING MONDAY, AUGUST 25TH AND MONDAY, SEPTEMBER 8TH, BOTH AT 6:30 P.M.
AND THEN WE'LL MOVE TO THE STAFF REPORT ITEMS REPORTED BY OUR CEO.
[G. STAFF REPORT ITEMS]
OKAY, FIRST OFF, THANKS TO CHRIS AND MATT FOR HELPING OUT WITH IT.AS YOU KNOW, WE'RE SHORT STAFFED, BUT THAT I THINK IS SHORT LIVED.
WE'RE GETTING VERY CLOSE TO HAVING AN EXECUTIVE ASSISTANT.
SO I WAS MENTIONING BEFORE WE CALLED TO ORDER.
NEXT MONTH YOU'LL BE MEETING A NEW EXECUTIVE ASSISTANT OR MY SEAT WILL BE EMPTY.
ONE OF THE TWO. WE'RE GETTING TO THAT POINT. I'M GOING TO BRIEFLY GO OVER MY SIDE OF THE REPORT.
YOU HAVE MY WRITTEN REPORT? I'M JUST GOING TO HIT A COUPLE OF HIGHLIGHTS OF IT.
CLICK ON THE SALES TAX, SORRY. SHOULD BE ON THAT FIRST.
OH, NO, IT'S ON THE AGENDA. I'M SORRY. WE WERE UP AGAIN.
WE HAVE, BECAUSE WE'VE NOW GONE TO THE THIRD WEEK AFTER COMING OFF OF THE MEETING.
THAT WAS THE FIRST WEEK. WE ACTUALLY HAVE TWO MONTHS TO REPORT.
AND FOR LAST MONTH, WE WERE 17% 10%, I BELIEVE, YES.
AND THE MONTH BEFORE, WE ARE 9% UP, SO WE ARE 12% UP.
THERE WE GO. YEAR TO DATE. WE'RE ON THE LAST QUARTER.
WE'RE IN THE LAST FEW MONTHS, AND WE'LL COLLECT IT. WE COLLECTED TWO MONTHS IN ARREARS.
AND WE HAVE A FISCAL YEAR OF OCTOBER THROUGH SEPTEMBER.
SO AT THE BOTTOM, I'M STARTING TO PUT OKAY, THIS IS WHAT IT'S GOING TO LOOK LIKE IF WE END UP.
I PUT 10% UP. I THINK WE'LL BE IN THAT RANGE TEN PLUS.
EXCUSE ME. LET'S SEE. THEN ADDITIONALLY, ON THE RESIDENTIAL SINGLE FAMILY BUILDING PERMITS LAST YEAR WE DID 1,968. WE ARE 10% AHEAD OF LAST YEAR.
IF WE FINISH THE YEAR CALENDAR YEAR, NOT FISCAL YEAR.
SO IF WE FINISH THE CALENDAR YEAR 10% AHEAD OF LAST YEAR, WE WILL PUT ANOTHER 2,165 SINGLE FAMILY UNITS ON THE GROUND. AS YOU ALL KNOW, AND I'LL JUST BRIEFLY MENTION THAT THE STATE PASSED A LAW THAT'S REQUIRING US TO LEAVE THE MORATORIUM NOVEMBER 30TH, LIKE IT OR NOT. THEY MADE THAT DECISION FOR THE CITY.
I DON'T EVEN BELIEVE WE HAVE TO TAKE ACTION ON IT, GRANT, DO WE, OR DO WE HAVE TO? SO COUNCIL WILL PROBABLY JUST. YES, CALL IN THE.
SO, I MEAN, IF THEY DON'T EXTEND IT, IT EXTENDS AUTOMATICALLY. BUT COUNCIL WILL PROBABLY TAKE ACTION. JUST MAKE IT VERY, ABUNDANTLY CLEAR THAT WE'RE ENDING IT NOVEMBER 30TH. BASED ON THE NEW STATE LAW.
OKAY. PART OF THIS I WILL COVER UNDER THE PROFESSIONAL PARK.
WE ARE SHOOTING FOR A SEPTEMBER GRAND REOPENING OF THE COMMUNITY CENTER.
[00:05:08]
MAYBE HAVE THE CITY'S PARTY TRAILER OUT THERE, MAYBE COOK SOME HOT DOGS, WHATEVER, AND INVITE THE PUBLIC IN.HOPEFULLY WE'LL BE ABLE TO HIT THE END OF SEPTEMBER.
THE CHAMBER OF COMMERCE DOES ALSO WANT TO THANK THE BOARD.
THEY DID REACH THEIR GOAL. THEY ENDED UP FILLING 2000 BACKPACKS.
IT WAS A GOOD TURNOUT. IT WAS SMALLER THAN LAST YEAR, BUT STILL OVER 1800 ATTENDEES, OVER 100 FREE HAIRCUTS AND 100, OVER 100 FREE VISION SCREENINGS. THEY HAD 22 VENDORS.
SO THEY WANTED TO BE SURE TO PUBLICLY THANK YOU FOR YOUR SUPPORT FOR THAT EVENT.
AND THEN, CHRIS, IF YOU CAN CLICK ON THE FINANCIALS OFF OF THE AGENDA.
SO OBVIOUSLY NO EXTRAORDINARY EXPENDITURES. THE CDC IS A LITTLE DIFFERENT.
AND PAYROLL IS IS ALL WE SPENT MONEY ON. AND, CHRIS, IF YOU WOULD OPEN THE BALANCE SHEET.
NEXT. THAT JUST CONFIRMS THAT IF WE FINISHED THE YEAR SPENDING EXACTLY WHAT WE BRING IN WE'LL HAVE ABOUT 9.8 FUND BALANCE. AGAIN, I THINK THAT'LL BE RELATIVELY SHORT TERM.
WE DO HAVE SOME PROJECTS COMING UP. THAT WILL TAKE SOME OF THAT MONEY.
BUT I SAY THAT TO SAY WE'RE IN VERY GOOD FINANCIAL POSITION AND.
I BELIEVE THAT'S IT. I'LL BE MORE THAN HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.
ANY QUESTIONS? THANK YOU. GOOD. THANKS, JIM. WE'LL MOVE TO THE BOARD.
DOES ANYBODY HAVE ANYTHING THIS EVENING? GOOD.
ALL RIGHT. WE'LL CONTINUE TO THE CONSENT AGENDA.
[I. CONSENT AGENDA]
ALL CONSENT AGENDA ITEMS LISTED ARE CONSIDERED TO BE A ROUTINE BY THE ECONOMIC DEVELOPMENT CORPORATION, AND WILL BE ENACTED BY ONE MOTION. THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS THE BOARD MEMBERS.WE HAVE THE MINUTES FROM OUR PREVIOUS MEETING, FINANCIAL STATEMENT THAT BOTH NEED TO BE APPROVED, AND WE'LL JUST NEED A MOTION TO APPROVE THE CONSENT AGENDA ITEMS. I MOVE TO APPROVE THE MINUTES AND FINANCIALS OF JULY MEETING.
AND THAT'S APPROVED 4-0. WE'LL MOVE TO THE REGULAR AGENDA.
[J. REGULAR AGENDA]
ITEM 2025-017 BOIS D' ARC PROFESSIONAL PARK REZONING UPDATE.CONSIDER DISCUSSION AND ACT UPON APPROVING REZONING FOR THE BOIS D' ARK PROFESSIONAL PARK AND AUTHORIZE THE CEO TO PROCEED ON BEHALF OF THE CORPORATION TO COMPLETE THE PROCESS OF REZONING FROM MANUFACTURING TO A COMMERCIAL PLAN DEVELOPMENT.
WELL, FIRST OFF, THANK YOU FOR NOT READING MY TYPO.
I, FOR SOME REASON I HAVE A HARD TIME TYPING THE WORD FROM AND I ALWAYS TYPE FORM.
SO THANKS FOR COVERING FOR ME. WE'VE TALKED ABOUT THIS SEVERAL TIMES.
I WANTED TO GIVE YOU AN UPDATE WHERE WE ARE IN THE PROCESS.
IN ORDER TO REZONE PROPERTY, YOU GOT TO GO THROUGH.
IT'S ABOUT A TWO MONTH PROCESS WITH THE CITY, AND AS PART OF THE APPLICATION, YOU HAVE TO HAVE ALL THE SITES SURVEYED THAT'S ALREADY COMPLETED AND TURNED IN. YOU'VE GOT TO HAVE A, BASICALLY A CONCEPT PLAN OF WHAT YOU'RE GOING TO DO WITH THE PROPERTY.
IT'S NOTHING THAT YOU'RE GOING TO BE HELD TO, BUT YOU'VE GOT TO SHOW HOW BUILDINGS COULD FIT ON THE LAND THAT IN THE USE THAT YOU WANT TO USE, AND THEN YOU CAN OBTAIN THE CORRECT PARKING AND LANDSCAPING AND THAT TYPE OF THING.
I'VE EVEN GONE THROUGH, THERE'S A TOTAL OF SIX SITES, AND I'VE GIVEN THEM EXACTLY WHAT I WANT ON EACH SITE, JUST IN FORM, AND I'M HAPPY TO SHARE THAT WITH YOU.
[00:10:02]
LOT ONE, WHICH IS THE BIGGER 15 ACRE SITE THAT WE RECLAIMED FROM 99 VISION.YOU CAN SWAP ONE OF THOSE OUT DEPENDING ON A NEED.
LOT THREE IS A 25,000 SQUARE FOOT MEDICAL OFFICE BUILDING, A SINGLE STORY.
THAT IS A A SEVERAL HUNDRED THOUSAND SQUARE FOOT, FOUR STORY OFFICE BUILDINGS, PROFESSIONAL OFFICE.
NUMBER SIX IS WHERE WE'RE HOLDING ON TO IT FOR THE PUBLIC SAFETY FACILITY.
I THINK THAT'S GOING TO END UP BEING A PROJECT THIS BOARD CAN BE REALLY EXCITED ABOUT.
DID THIS FOR A COUPLE OF REASONS. NUMBER ONE, I THINK THAT'S KIND OF A BEST CASE SCENARIO.
THAT'D BE A PHENOMENAL USE FOR THE PARK. BUT IT'LL ALSO SPEED UP GETTING A CONCEPT PLAN IF THEY'RE NOT HAVING TO MAKE UP, PLAY ARCHITECT AND ENGINEER AND TRY TO FIGURE OUT WHAT WILL FIT.
SO HOPEFULLY WE'LL GET THAT DONE FAIRLY QUICKLY.
I HAVE ALSO INCLUDED, AND I DON'T KNOW IF ANY OF YOU HAD AN OPPORTUNITY TO DOWNLOAD AND LOOK AT THE PACKET, BUT WHEN IT COMES TO REZONING, WHAT WE ARE LOOKING TO DO IS CALLED A COMMERCIAL PLAN DEVELOPMENT.
SO WE'RE GOING TO USE C-1 AS A BASE COMMERCIAL, AND IT'LL BE ON YOUR SCREEN NOW.
BUT WE'RE GOING TO BE MORE RESTRICTIVE THAN C-1.
TO MAKE IT A LITTLE BIT EASIER I HIGHLIGHTED WHAT WE'RE LOOKING TO DO IN PINK, AND THEN I GOT RID OF ALL OF THE COLUMNS THAT DON'T HAVE AN EXIT AND THEN IN OTHER WORDS, THAT ARE DISALLOWED USES JUST SO YOU DON'T HAVE TO WADE THROUGH AND TRY TO FIND WHAT THEY ARE.
AND I DID THIS FOR YOU BECAUSE I AM ASKING YOU TO TAKE A BIT OF A LEAP OF FAITH AND ASK ME ON BEHALF OF THE CORPORATION, TO MOVE FORWARD WITH THIS. BUT THESE ARE MY, AND CRAIG FISHER AND COLE AND DEVELOPMENT SERVICES HAVE BEEN A BIG HELP WITH THIS. BUT THESE ARE THE TYPES OF USES, S MEANS SUP MEANS THAT IF IT'S NOT DISALLOWED, BUT THEY'RE GOING TO HAVE TO COME BACK AND ASK FOR A SPECIAL USE PERMIT FOR THAT PARTICULAR THING.
AND I'LL GIVE YOU AN EXAMPLE. SAY CONVENIENCE STORE IS GOING TO HAVE AN S NEXT TO IT.
I DON'T WE DON'T I DON'T THINK WE HAVE NECESSARILY AN ISSUE WITH HAVING A CONVENIENCE STORE.
I WOULD SUSPECT PARTICULARLY MYSELF AND, AND ONE OF THE OTHER BOARD MEMBERS THAT LIVES IN THE NEIGHBORHOOD, WE WOULD HAVE AN ISSUE WITH HAVING SIX CONVENIENCE STORES ON THAT SITE.
AND SO IT'S A WAY TO JUST MAKE SURE WE DON'T GET.
BUT WE DON'T WANT ALL FAST FOOD. IT, WE NEED TO CONTROL IT AND MAKE IT BE A GOOD MIXTURE.
SO THESE IN THE PINK, THOSE WITH AN X, THAT MEANS THEY CAN DO IT BY RIGHT.
IF IT SAYS S, IT MEANS IT'S AN SUP, AND IF IT'S BLANK OR SAYS NA, IT MEANS THAT I NEGLECTED TO COVER UP THAT COLUMN BECAUSE IT'S NOT. IT MEANS THAT WE'RE NOT GOING TO ALLOW IT.
AS YOU CAN TELL, A LOT OF DIFFERENT USES, BUT A LOT OF THEM ARE SPECIFIC TYPES OF RETAIL SPECIFIC, YOU KNOW, TYPES OF HEALTHCARE THAT FALL WITHIN ONE HEADING.
SO THAT'S THE DIRECTION WE'RE GOING. AS THE BOARD KNOWS, AWAY FROM MANUFACTURING AND TOWARDS A COMMERCIAL PD WITH A FOCUS ON HEALTH CARE, RETAIL AND CORPORATE OFFICE. AND WITH THAT, I AM MORE THAN HAPPY TO ANSWER ANY QUESTIONS.
AND FROM THERE I'M GOING TO ASK THIS. SO CAN YOU GIVE A TIMEFRAME? YOU KNOW YOU'RE LOOKING FOR THE CONCEPTUAL. WHAT TIMEFRAME? CONCEPT PLAN I'LL PROBABLY HAVE WITHIN 30 DAYS.
[00:15:02]
I WILL TELL YOU THIS, AND THERE'S A PROJECT WE'LL BE DISCUSSING AN EXECUTIVE SESSION THAT ONCE THEY PUT THE LAND UNDER CONTRACT.THEN DURING THEIR 90 DAY DUE DILIGENCE PERIOD, WE HAVE TO COMPLETE THIS REZONING.
SO I'M SAYING I'LL TELL YOU'RE PROBABLY REALISTICALLY LOOKING AT MAYBE 60 DAYS FROM NOW.
SO WE'LL BE WELL WITHIN THEIR PARAMETERS. OKAY.
IS THAT, IS, I'M GOING TO MAKE AN ASSUMPTION.
SO WE GET THE CONCEPT AND WANT TO REZONE. IS THAT A COUNCIL APPROVAL THAT HAS TO GET THROUGH TO YOU? YES, P&Z AND THEN COUNCIL. OKAY. SO YOU'RE THINKING TWO MONTHS THREE MONTHS.
INCLUDING ALL OF THAT. OKAY. YEAH. INCLUDING THE PROCESS.
RIGHT. YES, SIR. AND AGAIN, IF YOU HAVE ANY QUESTIONS OR CONCERNS ON ANY OF THESE USES PLEASE LET ME KNOW. IT'S NOT AN ABSOLUTE EMERGENCY THAT YOU PASS THIS TONIGHT.
IF YOU'RE COMFORTABLE WITH US IN THE DIRECTION WE'RE GOING.
I WOULD ENCOURAGE YOU TO TAKE ACTION TONIGHT, BUT IF YOU'RE NOT, I DON'T FEEL LIKE I'M PUSHING YOU INTO MAKING A DECISION NOT READY TO MAKE. I GUESS IS MY POINT. IT SEEMS LOGICAL TO ME BECAUSE I CAN.
SO IT SEEMS. AND I DO THINK THIS IS A VERY PRODUCTIVE ALTERNATIVE TO USE.
NOT ONLY DO WE DESPERATELY NEED HEALTH CARE, BUT THOSE ARE GOOD PAYING JOBS.
SO I THINK THIS IS A GREAT FALLBACK FROM THAT ORIGINAL THOUGHT.
GRANT, HE'LL TELL YOU. YES. SO IF YOU GO IN WITH THIS AND YOU HAVE YOUR CONCEPT, WHICH IS CENTERED AROUND A MEDICAL COMMUNITY, IN YOUR CONCEPT THAT YOU'RE KIND OF HAVING THE, AT LEAST THE. I MIXED IT UP A BIT, BUT YOU'RE RIGHT. YEAH. THERE IS.
WE'RE NOT RE. CORRECT. RE HEATING ANYTHING INTO A COMBINED LOT OR SPLITTING UP ANYTHING DIFFERENT.
WE'RE JUST MAKING THE WHOLE PARK ITSELF, THIS ZONE.
YES, SIR. AND FURTHERMORE, TO THAT POINT, WHICH I THINK IS EVEN MORE IMPORTANT TO BRING UP, IS REGARDLESS OF WHAT THE CONCEPT PLAN IS, ONCE IT PASSES, EVERYTHING ALOUD ON THIS CHART CAN GO IN.
IT CAN BE TOTALLY DIFFERENT. IT CAN BE ALL CORPORATE OFFICE BUILDINGS.
IT COULD BE, YOU KNOW, BIG. WE CAN PUT A BIG BOX RETAIL ON ONE OF THEM.
SO AGAIN, THE CONCEPT IS JUST TO SHOW THAT WE'VE THOUGHT THROUGH THE PROCESS AND THAT WE CAN ACCOMMODATE BUILDINGS AND PARKING TO FACILITATE THE BUILDING. SURE. IT'S FAIR. YEAH. IF YOU'RE ALL GOOD WITH IT, WE CAN MAKE A MOTION AND APPROVE IT. GOOD TO MAKE A MOTION. I'LL MAKE A MOTION TO, AND I DON'T HAVE IN FRONT OF ME TO AWARD IT, BUT I'LL MAKE A MOTION TO REZONE OR MOVE FORWARD, I GUESS, IN THE REZONING PROCESS OF THE BOIS D' ARC PROFESSIONAL PARK.
YOU KNOW, WE'RE ON VIDEO, RIGHT? YES. AND IN ADDITION, I WILL ADD TO THE MOTION TO AUTHORIZE THE CEO OF THE EDC TO PROCEED WITH THAT PROCESS. SECOND.
THERE WE GO. AND WE'RE LIVE. OH, ME, MR. MILLER, YOU'RE THE ONLY ONE THAT HADN'T, THAT IT HADN'T ACCEPTED YOUR VOTE YET. I'M GETTING. IT WAS WRONG.
IT SAYS CLOSE WAS OKAY. YOU WANT HIM TO REDO IT? OH, OKAY. THERE WE GO. VERY GOOD. THAT MOTION WAS APPROVED 4-4.
[00:20:04]
SO WE HAVE THE BUSINESS PARK REZONED, AND OUR CEO APPROVED TO MOVE FORWARD WITH THE PROCESS OF REZONING AND PLANNING. WE'LL MOVE TO ITEM NUMBER 2025-016 PEDC CONTRACT FOR SERVICES.THANK YOU, MR. CHAIRMAN. BY LAW, EDC AND CDC ARE SUPPOSED TO HAVE BASICALLY ADMINISTRATIVE SERVICES AGREEMENTS WITH THE CITY THAT THEY SERVE OR PARTNER WITH. WE ARE CURRENTLY UNDER ONE THAT IS OLD.
I'M GOING TO ACTUALLY, SPECIFICALLY ASK YOU NOT TO TAKE ACTION ON THIS ONE TONIGHT, BUT I WANT TO GIVE IT TO YOU FOR INFORMATIONAL REASONS, BECAUSE THIS WAS AT YOUR SEAT WHEN YOU GOT HERE TONIGHT.
AND SO WE DIDN'T HAVE TIME TO PUT IT IN YOUR PACKET.
WE'RE STILL WORKING OUT SOME DETAILS, AND HONESTLY, I STILL HAVE NOT HAD THE OPPORTUNITY ON THIS FINAL DRAFT TO SIT DOWN MR. MASHBURN AND THE CITY LEADERSHIP AND MAKE SURE THAT WE'RE KIND OF ALL IN AGREEMENT BEFORE WE TAKE ACTION.
BUT I DID WANT TO PROVIDE THIS DOCUMENT FOR YOU.
ESSENTIALLY HIGH LEVEL. IT PROVIDES US WITH UP TO THREE OFFICES IN THIS BUILDING SHOULD WE NEED THEM? IT PROVIDES US WITH ACCESS TO TO ALL CITY DEPARTMENTS.
IT GIVES US ACCESS TO IT SOFTWARE SOLUTIONS, THOSE TYPES OF THINGS.
OBVIOUSLY ACCESS TO THE FINANCE DEPARTMENT TO MANAGE ALL OF OUR FINANCES.
AND ON OUR BEHALF THERE ARE TWO, WHAT'S WRITTEN IN HERE, AND THIS IS WHAT CITY IS NOT APPROVED YET.
THERE ARE TWO DIFFERENT THINGS THAT WOULD BE PAYMENTS TO THE CITY FROM THE EDC.
ONE OF WHICH IS JUST BASICALLY ADMINISTRATIVE FEE TO COVER ALL OF WHAT I JUST MENTIONED, WHICH IS $10,000, WHICH FOR ALL OF THAT IS, I THINK, VERY REASONABLE.
THE OTHER THING IS, IS THAT THE EDC AND THE CDC ARE ESSENTIALLY MARKETING CORPORATIONS.
MATTER OF FACT, MY OFFICE IS LITERALLY NEXT DOOR, THE MARKETING DIRECTOR'S OFFICE.
AND SO IT'S FOR. AND I WILL TELL YOU, IT'S THE SAME FOR BOTH CORPORATIONS.
I'M ASKING BOTH TO DO THE EXACT SAME THING. $10,000 TO GO TOWARDS THE CITY'S MARKETING BUDGET UNDER MISS MUDIE, ERIN MUDIE. BECAUSE THEIR MARKETING, THE SAME PRODUCT WE'RE MARKETING, WE'RE MARKETING THE CITY OF PRINCETON.
SO EVERYTHING SHE DOES HELPS WHAT WE DO. THEN IF THERE'S SPECIFIC ITEMS THAT WE WANT TO DO AND THERE WILL BE AND THERE HAVE BEEN, LAPEL PINS IF WE GET MORE YETIS, IF I'M ABOUT TO ORDER A WHOLE BUNCH OF GOLF HATS.
THOSE EXPENSES WILL GO DIRECTLY TO THE CORPORATIONS ABOVE AND BEYOND THAT $10,000.
SO OUR ALL IN ANNUALLY. IF THIS PASSES MUSTER WITH THE BOARD AND THE CITY, IT'D BE $20,000.
AND THEN WE PAY FOR ALL OF OUR OWN, YOU KNOW, SALARIES AND BENEFITS EFFECTS AND EXPENSES.
SO WITH THAT, I'LL BE. IT'S A RELATIVELY SHORT DOCUMENT.
THANK YOU. GRANT. I HATE CONTRACTS THAT ARE LONG FOR THE SAKE OF BEING LONG.
SO I THINK IT'S PRETTY CONCISE. AND I WOULD JUST ASK YOU TO TAKE THIS WITH YOU.
BECAUSE I DO PLAN ON PUTTING IT ON NEXT MONTH'S AGENDA FOR ACTION FOR BOTH BOARDS.
AND WITH THAT, I'M HAPPY TO ANSWER ANY QUESTIONS.
AND ALSO, COULD YOU, IF YOU KNOW OFFHAND WHAT THE DELTA IS OR THE DOLLARS FROM LAST YEAR TO WHAT YOU'RE ASKING HERE? I UNDERSTAND IT HAS FLUCTUATED OVER THE YEARS.
I UNDERSTAND IT'S BEEN AS HIGH AS $75,000 PER YEAR.
AND SO FINANCE JUST SPLIT EVERYTHING UP. WE DIRECT PAID EVERYTHING.
AND IN THAT YEAR THEY DIDN'T CHARGE US. OKAY.
[00:25:02]
SO BUT AND WE'RE NOT, I'M NOT ASKING THE BOARD TO APPROVE BEING BACK CHARGED FOR A YEAR THAT WE WEREN'T CHARGED.BUT WE KNEW WE DO NEED TO UPDATE THE AGREEMENT.
AND AGAIN, THAT'S ONE OF THE THINGS YOU MAY HAVE COMMENTS ON. IF YOU THINK IT'S TOO HIGH TO LOW, YOU WANT TO MAKE SURE WE'RE COVERED IN ANOTHER AREA WITH SUPPORT.
LET US KNOW. AND GRANT WE'LL KIND OF UPDATE THE AGREEMENT.
I THINK IT'S GOOD HISTORICALLY JUST TO KNOW I MEAN, OBVIOUSLY 75,000 IS AN OUTLIER, BUT IF IT WAS ZERO THERE'S TWO EXTREMES, BUT WHAT THE TYPICAL NORM WAS. SO WE KNOW HOW MUCH WE'RE GOING UP, BECAUSE IF WE'RE GETTING THE SAME SERVICES AND WE'RE PAYING QUITE A BIT MORE, IT'S, YOU KNOW, IT'S QUESTIONABLE. GO AHEAD. YEAH.
IS WHAT WAS THE FORMULA IF THERE WAS ONE THAT CAME UP WITH $10,000 FOR EACH OF THESE LINES? AND THEN I KNOW YOU JUST PUT THIS TOGETHER RECENTLY.
OTHER THAN THE DOLLAR AMOUNT, IS THERE ANY NOTICEABLE CHANGES THAT WE MIGHT WANT TO BE AWARE OF BETWEEN WHAT WAS EXISTING IN PLACE? YOU KNOW, ARE WE GOING FROM ONE OFFICE TO THREE OFFICES, OR ARE WE GOING FROM TEN OFFICES TO THREE OFFICES.
NO. WE'RE BASICALLY. I ACTUALLY TOOK EXPERIENCE TO PUT THIS TOGETHER.
THIS IS HOW WE'RE OPERATING. WE MAY NOT HAVE AN AGREEMENT, BUT WE'RE OPERATING THIS WAY.
THAT'S KIND OF THE UNDERSTANDING. IF THERE'S EVER A QUESTION OR ISSUE.
BUT BY LAW, WE HAVE TO HAVE AN AGREEMENT. SO TO YOUR POINT, THERE WASN'T A FORMULA.
AND THE ISSUE OF FORMULA IS IF YOU START GETTING INTO FORMULAS AND START SAYING WE'RE GOING TO PAY 8% OF THIS PERSON'S SALARY AND 3% OF THIS PERSON'S SALARY. FIRST OFF, IT'S NEVER ACCURATE.
AND THEN I WANT THEM IN OUR MEETINGS. WELL, THAT KIND OF WASN'T PART OF THE DEAL.
I MEAN, WE PAY THEM BECAUSE THEY'RE DOING ALL OF OUR FINANCES OR WHATEVER IT WAS.
I DON'T KNOW WHO IT WAS, BUT JUST A LUMP SUM.
I WILL TELL YOU, HISTORICALLY, WITH ME, 10,000 IS ABOUT AS LOW AS I'VE EVER DONE, INCLUDING OFFICE AND ALL THE FINANCIAL SUPPORT AND THAT KIND OF STUFF. SO I'M A LITTLE WORRIED THAT MIGHT BE CONTENTIOUS ON THE OTHER END WHEN WE GET TO THAT POINT, BECAUSE THEY HAVEN'T SEEN IT YET. AND IF IT IS, WE'LL TALK THROUGH IT AND WE'LL WORK IT OUT.
BUT NO, THAT'S WHY IT WASN'T THAT WAY. MICHAEL, I THINK IT CREATES MORE PROBLEMS THAN IT SOLVES.
IT JUST HAS, YOU KNOW, REASONABLE COMPENSATION DOESN'T HAVE A SET DOLLAR AMOUNT PER YEAR.
THE DRAFT IN FRONT OF YOU, LIKE YOU SAID, IS FOR THE ADMINISTRATIVE SERVICES IS $10,000.
AND THAT'S FOR THE INITIAL TERM. AND THEN, YOU KNOW, THEREAFTER THE PARTIES CAN AGREE, YOU KNOW, IF THAT NEEDS TO BE INCREASED OR DECREASED, WHATEVER.
BUT, YOU KNOW, PREVIOUSLY THERE WASN'T A SET DOLLAR AMOUNT. AND I KNOW, YOU KNOW, IN THE RECENT PAST YOU KNOW, THE WAY THE EMPLOYEE STRUCTURE BETWEEN THE CITY AND THE CORPORATIONS HAS CHANGED A LITTLE BIT, TOO. SO I KNOW, YOU KNOW, PREVIOUSLY AN EMPLOYEE WAS, YOU KNOW, SHARED AMONGST THE CITY KIND OF SHARED SALARY, BENEFITS, ETC.. SO THAT'S THAT'S CHANGED. SO THERE'S THERE'S BEEN A LOT THAT'S CHANGED OBVIOUSLY SINCE 2015.
BUT I THINK THE CURRENT DRAFT IN FRONT OF YOU, YOU KNOW, HELPS ADD SOME CLARITY.
AND AGAIN, THE CURRENT DRAFT SOLELY CAME FROM ME.
THEY HAVEN'T EVEN SEEN IT. THEY DIDN'T ASK FOR THIS MONEY.
THEY DIDN'T ASK FOR ANYTHING SPECIFIC. IT'S SOMETHING THAT I PUT TOGETHER THAT I THOUGHT WAS FAIR.
THANK YOU. ANY OTHER QUESTIONS? NO. THANK YOU.
ALL RIGHT. GOOD. QUICK QUESTION. WHERE'S THE RAMIFICATIONS IF WE GO OVER SAY IT NOW.
I THINK I'M GRANT, BUT THAT'S THE THING, BECAUSE THEY'RE NOT TRACKING IT EITHER.
THIS IS WHAT WE'RE PAYING FOR THIS YEAR. AND SO ONCE THEY AGREE TO IT, THERE'S REALLY NO GOING OVER IF I NEED IT, IF WE NEEDED A FOURTH OFFICE OR WHATEVER, THEN WE'D HAVE TO SIT DOWN AND AMEND THE DOCUMENT.
THAT WON'T HAPPEN ANYTIME SOON. OKAY. THANK YOU.
[00:30:04]
THANK YOU. WE'LL MOVE ON TO THE NEXT ITEM. EXECUTIVE SESSION.[K. EXECUTIVE SESSION]
EXECUTIVE SESSION. IN ACCORDANCE WITH CHAPTER 551 OF THE TEXAS GOVERNMENT CODE, THE ECONOMIC DEVELOPMENT CORPORATION MAY ENTER INTO A CLOSED SESSION OR EXECUTIVE SESSION TO DISCUSS ANY OF THE FOLLOWING. SECTION 551.071 TEXAS GOVERNMENT CODE CONSULTATION WITH CITY ATTORNEY.TEXAS GOVERNMENT CODE 551.072, DISCUSS, DELIBERATE THE PURCHASE, EXCHANGE, LEASE OR VALUE OF REAL PROPERTY. WE HAVE FUTURE LAND OPPORTUNITIES UNDER THAT THIS EVENING.
TEXAS GOVERNMENT CODE 551.087, DISCUSS OR DELIBERATE ECONOMIC DEVELOPMENT NEGOTIATIONS.
WE HAVE PROJECT HOMERUN, PROJECT RED, PROJECT LONESTAR, ALL UNDER THAT.
AND THEN TEXAS GOVERNMENT CODE 551.07 FOR PERSONNEL MATTERS.
AND WE HAVE REVIEW CURRENT STAFF AND STAFFING NEEDS.
AND IT'S 7:05. WE'LL MOVE TO EXECUTIVE SESSION NOW.
[L. ACTION PERTAINING TO EXECUTIVE SESSION]
EVERYBODY IN FAVOR GET UP AND LEAVE? I MOTION TO ADJOURN.SECOND. EVERYBODY IN FAVOR? THANK YOU.
* This transcript was compiled from uncorrected Closed Captioning.