[A. CALL TO ORDER]
[00:00:03]
THE ECONOMIC DEVELOPMENT CORPORATION REGULAR MEETING FOR TUESDAY NOVEMBER 18TH, TO ORDER.WE'LL START WITH THE ROLL CALL. MIKE THOMPSON PRESENT, MICHAEL CRAWFORD'S ABSENT, JOSHUA HARRELL.
>> THANK YOU. ON TO INVOCATION.
HEAVENLY FATHER, WE THANK YOU FOR THIS OPPORTUNITY TO GATHER THIS EVENING.
IN SERVICE OF OUR COMMUNITY, WE ASK FOR YOUR GUIDANCE, WISDOM, AS WE DISCUSS THE FUTURE AND 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.
WE'LL MOVE TO PUBLIC APPEARANCE.
MEMBERS OF THE PUBLIC ARE ALLOWED THREE MINUTES TO SPEAK.
THE ECONOMIC DEVELOPMENT CORPORATION IS UNABLE TO RESPOND OR TO DISCUSS ANY ISSUES THAT ARE BROUGHT UP DURING THIS SECTION THAT ARE NOT ON THE AGENDA OTHER THAN TO MAKE STATEMENTS OF SPECIFIC FACTUAL INFORMATION IN RESPONSE TO PUBLIC INQUIRY OR TO RECITE EXISTING POLICY IN RESPONSE TO INQUIRY.
DO WE HAVE ANYBODY? DID YOU? NO. THANKS. WE'LL MOVE TO THE PUBLIC REPORT ITEMS.
[F. PUBLIC REPORT ITEMS]
OUR NEXT PDC MEETING IS TUESDAY, DECEMBER 16TH AT 6:00 PM.THE NEXT PCDC MEETING IS WEDNESDAY, DECEMBER 17TH AT 6:00 PM.
NEXT CITY COUNCIL MEETING IS MONDAY, NOVEMBER 24TH AT 6:30, AND THEN DECEMBER 8TH AT 6:30 AS WELL.
WE'LL MOVE NOW TO STAFF REPORT ITEMS.
[G. STAFF REPORT ITEMS]
CEO WILL PRESENT OUR OPERATION REPORT AND FINANCIAL REPORT. JIM.>> THANK YOU, MR. CHAIRMAN. FIRST OF ALL, YOU SEE ON HERE THAT OUR NEXT EDC MEETINGS DECEMBER 16TH.
MY BIRTHDAY IS ON THE 18TH, SO I'M EXPECTING GIFTS, AND I WILL BE EMAILING EACH OF YOU A LIST OF THINGS TO PICK FROM. I'M KIDDING.
>> MY BIRTHDAY IS ON THE 14TH.
>> [OVERLAPPING] NICE. IT SOUNDS LIKE WE'RE BRINGING CAKE.
BRIE, IF YOU COULD OPEN UP THE SALES TAX, PLEASE.
WE FINISH A YEAR STRONG, KEEPING THAT MOMENTUM GOING, WE FINISH A YEAR 12 PLUS PERCENT AHEAD OF LAST YEAR.
THAT BROUGHT OUR YEAR END TOTAL TO $2,259,535.36.
THAT IS 12.6% AHEAD OF LAST YEAR, AND IT'S 11.89% AHEAD OF BUDGET.
THAT IS VERY POSITIVE ON THE RESIDENTIAL BUILDING PERMITS, IF YOU COULD OPEN THAT UP.
WE HAD YET ANOTHER DOWN MONTH, BUT IT WASN'T AS FAR DOWN AS THE PREVIOUS TWO.
WE ARE CURRENTLY 15% BEHIND LAST YEAR'S ROUGHLY 2000 PERMITS.
WE'RE LOOKING PROBABLY 1,700 PLUS, WHICH WILL STILL GROW THE CITY OVER 5,000 RESIDENTS THIS YEAR.
BUT IT'S NOT QUITE AS STRONG AS IT WAS.
AS I MENTIONED LAST TIME, THERE'S A SLOW DOWN NATIONALLY IN THE HOUSING MARKET.
THAT WILL AFFECT TEXAS, BUT IT WON'T AFFECT IT LIKE IT WILL, THE REST OF THE STATES.
WE'RE NOT GOING TO FEEL THE PAIN THAT SOME OTHER STATES ARE FEELING, BUT WE WILL SEE, I THINK, A LITTLE BIT OF A DIP.
ON THE PROFESSIONAL PARK, WE FINALIZE SOME LANGUAGE IN THE DEVELOPMENT AGREEMENT TODAY WITH THE FIRST COMPANY GOING IN THERE.
I WILL GIVE YOU AN UPDATE ON THAT IN EXECUTIVE SESSION MORE IN DETAIL.
THE IMPORTANT PART IS THAT WE HAVE CONFIRMED NOW THAT WE WILL BE ON THE PLANNING AND ZONING AGENDA FOR DECEMBER 1ST FOR A REZONE.
THEN IT WILL GO TO CITY COUNCIL ON THE 8TH.
THEN THE PROPERTY THAT WE CONTROL WILL BE REZONED TO A COMMERCIAL PLAN DEVELOPMENT, AND WE WILL BE OFF TO THE RACES.
I'VE ADDED IN MY REPORT, AND I'M NOT GOING TO READ ALL THE THINGS IN RELATION TO THAT.
LET ME. ONTO, IF YOU COULD OPEN THE YEAR TO DATE BUDGET.
WE ARE JUST ENDING LAST FISCAL YEAR,
[00:05:06]
STARTING A NEW FISCAL YEAR, OCTOBER 1ST, THIS IS OUR FIRST MONTH.AS YOU'LL SEE, NO DRAMATIC PAYMENTS.
THAT, REALLY 90% OF IT IS JUST STAFFING.
WE SPENT A LITTLE BIT IN LEGAL SERVICES, LITTLE BIT IN OPERATING, BUT VERY MINIMAL.
WE STILL HAVE 99.29% OF OUR BUDGET REMAINING.
IF YOU REMEMBER LAST YEAR, WE FINISHED VERY STRONG, I BELIEVE WITH OVER 40% OF THE BUDGET REMAINING.
JUST BECAUSE WE BUDGET IT DOESN'T MEAN WE'RE GOING TO NECESSARILY SPEND IT.
THEN IF YOU COULD GO TO THE BALANCE SHEET, PLEASE.
VERY SIMILAR TO LAST MONTH, 10.6 IN THE BANK, WHICH PUTS US IN A GOOD POSITION FOR SOME THINGS WE'RE WORKING ON RIGHT NOW THAT WE'LL DISCUSS FURTHER IN EXECUTIVE SESSION.
WITH THAT, AND BRIE, UNLESS I FORGOT SOMETHING THAT IS GLARING, I WILL BE HAPPY TO ANSWER ANY QUESTIONS.
>> THANK YOU, JIM. WE HAVE NOTHING. NO QUESTIONS.
[H. BOARD REPORT ITEMS]
WE'LL MOVE TO THE BOARD REPORT ITEMS, EDC BOARD OF DIRECTORS REPORT ABOUT ITEMS OF COMMUNITY INTEREST IN WHICH NO ACTION WILL BE TAKEN.ONE THING I WOULD BRING UP TO ALL OF YOU, WE HAVE ONE OPEN POSITION, SO THERE'S AN OPPORTUNITY FOR US TO FIND SOMEONE THAT COULD BE ON THE BOARD WITH US THAT WOULD FIT WELL, AND THERE'S A APPLICATION THAT JIM SENT OUT TO EVERYBODY ON EMAIL. ANY OTHER THOUGHTS?
>> I HAVE SOMETHING FOR THE BOARD REPORT. WERE YOU GUYS ABLE TO DO?
>> YES, SIR. WE HAVEN'T LOOKED FOR YOU TO WALK THROUGH SINCE THIS IS NOT AN ACTION ITEM WE'RE ABLE TO OR I JUST SHARE.
>> YEAH. I HAVE A FEW FRIENDS THAT'S PART OF THIS ORGANIZATION CALLED SO PATROL.
THEY'RE ESSENTIALLY A BIKE CLUB THAT RAISES MONEY FOR COMMUNITIES AND SCHOLARSHIP AND THINGS LIKE THAT.
THEY DO A BIG BIKE RALLY IN COLLIN COUNTY EVERY YEAR.
THEY'RE WANTING TO BRING THEIR ROUTE THIS YEAR TO THE CITY OF PRINCETON.
THEY BROUGHT IT TO MY ATTENTION TO BRING IT UP TO CITY OFFICIALS TO SEE WHAT'S THE PROCESS TO GET APPROVED.
TO OPERATE WITHIN THE CITY LIMITS.
RIGHT NOW, THEIR ONLY REQUEST IS GIVING THEM OPTIONS FOR REST STOPS.
LIKE ANY SITES THAT ALONG THE ROUTE THAT THEY PRESENT, THEY WANT TO BE ABLE TO GET GUIDANCE ON WHERE THEY CAN SET UP FOR REST STOPS.
THEN THEY MAY DEPENDING ON THE FINALIZED ROUTE, THEY MAY NEED PUBLIC SAFETY HELP, LIKE WITH A FEW OFFICERS OR SOMETHING LIKE THAT TO HELP WITH TRAFFIC ISSUES.
I THINK THE LAST RATER THEY DID, THEY RAISED LIKE 15,000 FOR SCHOLARSHIPS THAT THEY GAVE OUT.
THEY JUST WANT TO BRING THIS EVENT.
IT USED TO BE HEAVILY BASED IN FRISCO, BUT THEY WANT TO VENTURE OUT IN COLLIN COUNTY.
I JUST NEED TO KNOW WHAT DIRECTION I NEED TO GIVE THEM, WHO I NEED TO TALK TO.
DO THEY NEED TO COME TO THE CDC MEETING AND PRESENT THIS OR.
>> SORRY, WITH THE GREENERY, I CAN'T SEE, SO I'M STANDING UP AND SITTING DOWN.
JOSH COPIED THE MAYOR AND SEVERAL OTHER PEOPLE WITHIN THE CITY WITH THIS.
WHAT I NEED TO DO IS I'LL GET WITH THE ASSISTANT CITY MANAGER.
THIS WILL MOST LIKELY BE A POLICE AND PUBLIC WORKS THING TO HELP FACILITATE THIS.
I WOULDN'T THINK THE CITY WOULD HAVE AN ISSUE WITH IT.
IT'S GOING TO BE MORE OF A LOGISTICAL QUESTION. STAY ON ME.
BUT I'M GOING TO TRY TO GET WITH THE ASSISTANT CITY MANAGER HOPEFULLY TOMORROW AND GET HER THOUGHTS ON WHO WE NEED TO GET INVOLVED, BUT IT'D BE CHIEF WATERS GROUP.
THEN I WOULD THINK PUBLIC WORKS BECAUSE THEY DO ALL THE BARRICADES AND THINGS LIKE THAT AND MAYBE PARKS.
>> THEY'RE PREPARED TO COME HERE AND PRESENT, I THINK THEY HAVE FOUR ROUTES THAT THEY'RE INVESTIGATING.
THEY'RE PREPARED TO COME PRESENT THAT TO WHOEVER THEY NEED TO COME PRESENT?
>> I WILL GET BACK TO YOU ON THAT.
>> CAN YOU PLEASE MAKE A NOTE OF THAT BRIE THAT I NEED TO A FEW MORE SLIDES,
[00:10:04]
TOO, IF YOU JUST WANT TO CLICK THE ROOM.SOME MORE PICTURES FROM PREVIOUS RALLIES.
THIS IS USUALLY DONE AROUND THE JUNETEENTH HOLIDAY, SO IT'LL BE JUNE 2026.
I KNOW THAT UGLY GUY IN THE LAST PICTURE.
HE'S A FRIEND OF MINE. I MEANT THAT IN A GOOD WAY.
>> AWESOME. I BET WE CAN WORK SOMETHING OUT.
>> I THINK IT'S A BEAUTIFUL IDEA.
>> WE'LL MOVE TO OUR CONCESSION.
[I. CONSENT AGENDA]
DID YOU COME FOR PUBLIC APPEARANCE BY CHANCE? MA'AM, DID YOU COME FOR PUBLIC APPEARANCE? I JUST WANTED WE COULD REOPEN IF YOU DID.GOOD. WE'LL MOVE TO THE CONSENT AGENDA.
ALL CONSENT AGENDA ITEMS LISTED ARE CONSIDERED TO BE ROUTINE BY THE ECONOMIC DEVELOPMENT CORPORATION AND WILL BE ENACTED BY ONE MOTION.
THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS A BOARD MEMBER IS SO REQUEST IN WHICH EVENT THE ITEM WILL BE REMOVED FROM THE CONSENT AGENDA AND CONSIDERED ITS NORMAL SEQUENCE IN THE AGENDA.
WE HAVE OUR MINUTES FROM THE OCTOBER 21 AND NOVEMBER 4 MEETING SPECIAL MEETING AND THE FINANCIAL STATEMENT THAT NEEDS TO BE APPROVED.
IF THERE ARE ANY QUESTIONS, WE'LL JUST NEED A MOTION TO APPROVE IN A SECOND.
>> A MOVE TO APPROVE THE REGULAR MEETING MINUTES AND THE SPECIAL MEETING MINUTES.
>> EXCUSE ME, MR. CHAIR, IF YOU COULD REWORD YOUR MOTION TO JUST APPROVE THE CONSENT AGENDA AND WHOLE BECAUSE THAT WILL INCLUDE ALL THREE ITEMS.
>> I'M MOVING TO APPROVE THE FULL CONSENT AGENDA FROM PAST WHAT?
WE WILL MOVE TO THE REGULAR AGENDA.
[J. REGULAR AGENDA]
FIRST ITEM IS 2025-020 PDC PURCHASING POLICY.CONSIDER, DISCUSS AND ACT ON THE ADOPTION OF THE CITY OF PRINCETON'S PURCHASING POLICIES FOR THE EDC. JIM, ARE YOU GOING TO GO?
WE CURRENTLY FOLLOW THE PURCHASING POLICY.
BUT AS WE WERE GOING THROUGH THE FORENSIC AUDIT ON THE COMMUNITY CENTER WITH THE CDC.
WE DID SOME RESEARCH AND REALIZED THAT WE HAD NEVER ACTUALLY ADOPTED THAT PURCHASING POLICY.
THE REASON IT THREW UP A FLAG WAS THAT THAT WAS ONE OF THE QUESTIONS THAT CAME THROUGH AN A FORENSIC AUDIT.
DO YOU HAVE A PURCHASING POLICY? HAVE YOU FORMALLY ADOPTED A PURCHASING POLICY, AND WE HAD NOT.
NOW, I WILL ALSO TELL YOU THAT THERE'S SOME LAWS THAT ALLOW US TO DO SOME THINGS THAT THE CITY IS NOT ALLOWED TO DO.
WE GENERALLY DO NOT TAKE ADVANTAGE OF THOSE.
WE FOLLOWED THE CITY'S PURCHASING POLICIES.
WE WANTED TO PUT IT ON BOTH BOARD'S AGENDA SO WE COULD AT THE BOARD'S PLEASURE, OFFICIALLY ADOPT THAT PURCHASING POLICY.
I WILL ALSO SAY THAT WE INADVERTENTLY ATTACHED AN OLD POLICY TO THE AGENDA.
WE'VE HANDED OUT A COPY OF THE NEW POLICY AT YOUR SEAT ON THE DIOS.
IT WAS APPROVED IN 2024, AND THAT IS WHAT WE'LL BE VOTING ON TONIGHT.
I WILL ALSO SAY THAT THAT SAME DOCUMENT CAN BE FOUND ON THE WEBSITE, THE CITY'S WEBSITE, UNDER THE GOVERNMENT TAB UNDER AGENDAS AND MINUTES.
I'M HAPPY TO ANSWER ANY QUESTIONS.
MOST OF THE PURCHASING POLICY IS DERIVED FROM STATE LAW WITH MUNICIPALITIES, BUT THERE ARE SECTIONS THAT WE MAY STRENGTHEN.
WE CAN'T DO ANYTHING LESS STRENUOUS THAN THE STATE LAW, BUT WE CAN STRENGTHEN IT A BIT MORE IN SOME AREAS.
BUT IT'S MOSTLY WHAT IS PRESCRIBED BY LAW.
>> JIM, FOR THE MOST PART, WE PURCHASE PROPERTY AND WHAT OUR BUDGET ITEMS ALLOW.
THERE'S NOT A LOT OF RS DOING RFPS AND THAT THING LIKE THIS COVERS, RIGHT?
[00:15:05]
>> RIGHT. OTHER THAN LIKE, I HAVE TO HIRE SOMEBODY TO MOW THE PROFESSIONAL PARK.
I HAVE TO HIRE SOME CONTRACTORS.
I'VE HIRED A SURVEYOR TO DO SOME WORK OUT THERE, SO IT'S THINGS LIKE THAT.
>> IS THIS DIRECTED TOWARD THE BOARDS? THE CDC BOARD AND THE EDC BOARDS?
>> YES. IT'S NOT A REQUIREMENT.
IT MIGHT BE A GOOD IDEA IF WE GET AUDITED IN THE FUTURE THAT WILL ASK, DO YOU HAVE A PURCHASING POLICY? WHAT POLICY DO YOU FOLLOW? IF WE HAVE ONE THAT WE'VE ADOPTED, IT MAKES IT EASIER FOR THEM TO AUDIT OUR ACTIONS.
>> MR. CHAIRMAN. IF I'M IN ORDER? MR. CHAIRMAN, IF I'M IN ORDER, I'D LIKE TO MAKE A MOTION TO ADOPT THE CITY OF PRINCETON PURCHASING POLICY FOR THE EDC.
>> YOU HADN'T REGISTERED YET ALBERT? THOSE THINGS GET FINICKY.
THERE WE GO. THANK YOU. PASSES 5-0. WE WILL MOVE TO THE NEXT ITEM ON THE AGENDA.
IT'S 2025-021 SHARED ACCESS EASE.
CONSIDER DISCUSS AND ACT ON EXECUTING A PERMANENT SHARED ACCESS AND UTILITY EASEMENT AT BARK PROFESSIONAL PARK.
>> YES, SIR, MR. CHAIR. THE WAY THE PARK WAS LAID OUT, THERE WAS A SHARED ACCESS EASEMENT FOR THE PRE-SCHOOL AND THE PARCEL NEXT TO IT THAT WE CURRENTLY HAVE A DEAL WORKING ON, SO THEY WOULD SHARE A DRIVEWAY.
IT WAS WRITTEN UP AS A SHARED ACCESS EASEMENT, BUT IT WAS FILED AS A TEMPORARY CONSTRUCTION ACCESS EASEMENT, SO IT'S NO LONGER VALID.
WE NEED TO RESUBMIT AND REFILE A PERMANENT SHARED ACCESS AND UTILITY EASEMENT.
THOSE TWO SITES CAN SHARE A DRIVEWAY, AND THEY ALSO HAVE THE OPPORTUNITY IF THEY NEED TO PULL ELECTRICAL OR FIBER OR ANYTHING WITHIN THAT EASEMENT, WE WOULD ALLOW THEM TO DO THAT.
WITH THAT, I'M MORE THAN HAPPY TO ANSWER ANY QUESTIONS.
>> MR. CHAIRMAN, I'D LIKE TO MAKE A MOTION TO TO ACT ON THE PERMANENT EASEMENT TO THE BOX PROFESSIONAL PARK.
>> THAT PASSES 5-0 AS WELL. THANK YOU.
WE'LL MOVE TO EXECUTIVE SESSION.
[K. EXECUTIVE SESSION]
EXECUTIVE SESSION, IN ACCORDANCE TO CHAPTER 551 OF THE TEXAS GOVERNMENT CODE.THE ECONOMIC DEVELOPMENT CORPORATION MAY ENTER INTO CLOSED SESSION OR EXECUTIVE SESSION TO DISCUSS ANY OF THE FOLLOWING.
[00:20:01]
TONIGHT, WE HAVE TEXAS GOVERNMENT CODE 551.087 DISCUSS OR DELIBERATE ECONOMIC DEVELOPMENT NEGOTIATIONS.WE HAVE PROJECT QUEEN, PROJECT 41, AND PROJECT BRD, AS WELL AS TEXAS GOVERNMENT CODE 551.074 PERSONNEL MATTERS REVIEW CURRENT STAFF.
IT IS 6:22, NOVEMBER 18TH, AND WE'LL MOVE TO EXECUTIVE SESSION NOW.
ALL RIGHT. 747. WE RETURNED FROM EXECUTIVE SESSION,
[L. ACTION PERTAINING TO EXECUTIVE SESSION]
AND THERE'S NO ACTION PERTAINING TO THAT, SO WE'LL MOVE TO ADJOURN.>> WE'RE ADJOURNED. THANK YOU ALL.
>> THANK YOU.
* This transcript was compiled from uncorrected Closed Captioning.