[A. Regular Meeting Opening]
[00:00:10]
THURSDAY, JULY 20TH, 2023 TO CONSIDER THE FOLLOWING ITEMS OF BUSINESS.BUT LET ME NOTE THAT IT IS 6:03 P.M.
OKAY. ITEM TWO INVOCATION AND PLEDGE OF ALLEGIANCE TO THE US AND TEXAS FLAGS.
ALLEGIANCE], PLEDGE] YOU MAY BE SEATED.
[B. Public Comment]
ITEM B ONE PUBLIC COMMENT.THE PUBLIC IS INVITED TO ADDRESS THE BOARD REGARDING ANY TOPIC NOT ALREADY ON THE AGENDA.
THE TIME LIMIT IS THREE MINUTES PER SPEAKER.
WE DO HAVE A CARD FOR ITEM B ONE.
MARTY HOBO 5511 OAK RIDGE CIRCLE.
SACHSE, TEXAS. TOP OF THE HILL.
LAST MEETING I WAS ASKED TO TONE IT DOWN, AND BASICALLY MY REPLY TO THAT IS I THINK YOU ALL NEED TO STEP IT UP.
YOU ALL NEED TO FIGURE OUT A WAY.
TO. MAKE SURE Y'ALL ARE GETTING THE INFORMATION Y'ALL NEED TO MAKE THE DECISIONS Y'ALL DO IN WHATEVER FORM Y'ALL PICK.
BECAUSE BETWEEN THE NOVEMBER 22ND MEETING AND LAST WEEK'S MEETING ON THE BUSINESS GRANT PROGRAM, IT WAS A WASTE OF TIME AND IT WAS A WASTE OF MY TIME.
IT WAS A WASTE OF Y'ALL'S TIME.
AND THAT AIN'T THE WAY Y'ALL NEED TO DO BUSINESS.
Y'ALL AREN'T HELD ACCOUNTABLE FOR MUCH.
SO MY AGENDA TO Y'ALL IS FIGURE OUT A WAY TO PUT SOME ACCOUNTABILITY INTO Y'ALL'S BUSINESS.
ARE THERE ANY OTHER PUBLIC COMMENTS?
[C. Consent Agenda - All items listed on the consent agenda will be considered by the Board and will be enacted on by one motion. There will be no separate discussion of these items unless a Board member so requests.]
MOVING FORWARD TO ITEM C.THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS A BOARD MEMBER SO REQUESTS.
ITEM ONE APPROVE THE JUNE 22ND, 2023 MEETING MINUTES.
NUMBER TWO, ACCEPT THE QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING MARCH 31ST, 2023.
AND ITEM THREE OR SUB ITEM THREE APPROVE THE CONSENT AGENDA.
WE DO HAVE A COMMENT CARD FROM MR. HOBOK. AGAIN FOR ITEM C ONE.
[00:05:07]
GREAT CIRCLE SACHSE, TEXAS.I APPRECIATE THE OPPORTUNITY TO COME UP HERE AND TALK ON THE CONSENT AGENDA.
LAST WEEK OR LAST MONTH, I WAS NOT GIVEN THAT OPPORTUNITY.
DON'T HIDE BEHIND THIS, ESPECIALLY WHEN YOUR FINANCIALS ARE WHERE Y'ALL PUT THIS.
UNDER THE CONSENT AGENDA THAT I WANT TO SPEAK ABOUT, JUST TO MAKE SURE THAT IT'S BROUGHT FORWARD.
THANK YOU. MR. [INAUDIBLE] OK.
THIS FOR IS THE CONSENT AGENDA IS CONCERNED ITEM C, ONE, TWO AND THREE.
ARE THERE ANY QUESTIONS OR ANYONE HAS ANY STATEMENT? OTHERWISE, WE'RE LOOKING FOR A MOTION TO APPROVE.
MOTION TO APPROVE CONSENT AGENDA.
ONE QUESTION FOR YOU BEFORE YOU MAKE THAT MOTION, TEDDY, IS THAT OKAY TO DAVID? BECAUSE YOU'RE HERE JUST TO REMIND ME AND MAKE SURE I'M UNDERSTANDING? CORRECT? A LOT OF THIS, IT GOES THROUGH ALL THE DIFFERENT INVESTMENT HOLDINGS THAT THE CITY HAS IN EDC AND SO FORTH AND ALL OF THE FROM THE MONEY MARKETS TO CDS TO TECHS POOL AND SO FORTH.
IS THAT AM I UNDERSTANDING THAT RIGHT? OR IS THERE A PRESCRIBED PERCENTAGE HAS TO GO IN THESE THINGS AND WHAT IS OUR PURVIEW ON IT? BECAUSE AS I VIEW IT, I KNOW WE HAVE TO IT'S JUST SOME OF IT'S PROCEDURAL, BUT HOW MUCH OF IT DO WE AS A BOARD NEED TO TRULY FOCUS ON AND WORRY ABOUT? DAVID BALDWIN, FINANCE DIRECTOR, CITY OF SACHSE POINT OF ORDER DO WE NEED TO? REMOVE THAT FROM CONSENT AGENDA TO DISCUSS IT.
LOOKING FOR ADVICE ON THAT? TECHNICALLY, PROBABLY, YES.
DO YOU HAVE A MOTION? NO. WELL, I ASKED HIM IF I JUST ASKING HIM A POINT OF ORDER PROCEDURALLY.
YEAH, I DON'T. I THOUGHT IF WE WERE GOING TO DISCUSS IT THAT HAD TO BE REMOVED AND THAT'S.
I JUST HAD A QUESTION. HOWEVER, WHATEVER WE GOT TO DO, ARE WE SURE THAT IT EVEN NEEDS TO BE REMOVED? YOU JUST HAVE A QUESTION. I SAID A QUESTION.
I UNDERSTAND THAT. SO I MAKE SURE I UNDERSTAND, BUT I'M EITHER WAY.
OH, NO, I'M NOT DISALLOWING THAT.
I JUST THOUGHT YOU COULDN'T ASK QUESTIONS ABOUT CONSENT AGENDA.
WAS IT SECONDED? NO, IT WAS NOT, NO.
I ASKED HIM IF I COULD ASK A QUESTION BEFORE I REMOVED MY MOTION.
OKAY. AND THEN SO JUST THAT QUESTION.
SO I UNDERSTAND. AND THEN IF THAT'S OKAY, MOTION'S BEEN REMOVED.
LET'S. WHICH ITEM ARE YOU REALLY? THIS IS TOO.
I MEAN, SEE? TWO. OKAY. SO YOU CAN TAKE A MOTION ON THE OTHER ITEMS. OKAY. AND PULL THIS ONE SEPARATELY IF YOU'D LIKE.
OR IF THAT QUESTION DOESN'T MEAN THAT WE NEED TO REMOVE IT.
IT'S NOT A QUESTION. I SAY SOMETHING WRONG.
CLARITY OF OPERATIONAL PROCEDURES, JUST MAKING SURE WE'RE OKAY.
ARE WE FOLLOWING AT THIS POINT? I DON'T THINK ANYTHING NEEDS TO BE REMOVED.
I THINK IT'S MORE OF AN UNLESS SOMEBODY ELSE FEELS JUST PULL IT.
LET'S PULL ITEM C TWO FOR CURRENTLY RIGHT NOW.
BUT HE REMOVED HIS MOTION TO APPROVE, SO WE NEED TO.
SO THEN ONE AND THREE I MAKE A MOTION TO APPROVE CONSENT AGENDA AS AMENDED.
CORRECT. SO I GUESS I'D MAKE A MOTION.
WE REMOVE ITEM C TWO FROM THE CONSENT AGENDA.
OKAY. DO YOU WANT TO MAKE THAT MOTION TO REMOVE ITEM C TWO? SO I'LL MAKE A MOTION TO REMOVE.
I MAKE THE MOTION TO REMOVE C TWO FROM THE CONSENT AGENDA FOR THE MOMENT.
JUST PROCEDURALLY, I THINK YOU CAN JUST PULL IT.
OKAY. I NEED TO TAKE A MOTION TO REMOVE IT SO YOU CAN JUST PULL REQUESTS FROM MR. MCMURDY TO PULL THAT ITEM IF YOU SO CHOOSE.
AND THEN YOU CAN GO AHEAD AND VOTE ON THE OTHER STUFF.
AND WE CAN THEN COME BACK TO C TWO.
OKAY. YEAH, BECAUSE I WANT TO TAKE A LONG LIST THAT'S GOT MY ROBERT'S BOOK TONIGHT.
OKAY. UNLESS A BOARD MEMBER SO REQUESTS.
OKAY, FIRST ONE. SO I DID PUT THE MOTION AS AMENDED.
SO OKAY, THEN I WOULD SECOND THE MOTION TO APPROVE THE CONSENT AGENDA ONE AND THREE AS AMENDED.
[00:10:12]
WE'RE NOT VOTING YET. RIGHT? IT'S NOT UP YET, BUT JUST CHECKING.[2. Accept the Quarterly Investment Report for the quarter ending March 31, 2023.]
AND NOW WE'RE READY TO DISCUSS.SEE TO MR. MCMURDY. SO THAT QUESTION STILL STANDS.
JUST HELP ME UNDERSTAND REALLY QUICK.
I'VE REMEMBERED IT FULLY AT THIS POINT.
DAVID BALDWIN, FINANCE DIRECTOR.
MR. MCMURDY, THERE IS NO PRESCRIBED AMOUNT FOR EACH OF THE INVESTMENT TOOLS OR PERCENTAGE.
IT'S THE FINANCE DIRECTOR OR FINANCE DEPARTMENT'S PURVIEW TO TRY AND INVEST THOSE FUNDS TO MAINTAIN THE HIGHEST INVESTMENT RATE OF RETURN WHILE HAVING LIQUID FUNDS AVAILABLE FOR ALL THE VARIOUS BOARDS.
AS FAR AS BRINGING IT HERE, PUBLIC FUNDS INVESTMENT ACT REQUIRES THAT WE SUBMIT A REPORT OR WE PREPARE A REPORT AT LEAST QUARTERLY AND SUBMIT IT. THIS IS THE AVENUE THAT WE'VE CHOSEN IS TO HAVE YOU FORMALLY ACCEPT IT, THAT IT'S ENTERED INTO THE RECORD RIGHT NOW WITH THE MARKET, HOW IT IS MONEY MARKETS ARE GETTING US THE BEST RATE.
THE CDS, OTHER ENTITIES ACTUALLY HAVE LARGER CDS THAT THOSE WOULD BE A LARGER PORTION OF THE PIE.
MANY OF OUR CDS ARE ONE AND TWO YEAR CDS THAT UNFORTUNATELY WERE PLACED YEARS AGO AT 0.25 2.5%.
WE ARE KEEPING AN EYE ON THE MONEY MARKET ACCOUNTS AND THE RATES AROUND FIVE PLUS PERCENT AS THESE SMALL CDS COME IN. WE DO WANT TO LADDER OUR INVESTMENTS AND LOCK IN SOME OF THESE RATES AT CURRENTLY 5.75%.
SO IT'S KIND OF A STRATEGY OF LOCKING IN A RATE FOR A CD AT ONE AND A HALF, TWO YEARS TO GET THAT RETURN VERSUS A MONEY MARKET THAT ACTUALLY RIGHT NOW IS GIVING US BETTER RETURN ON.
SO IT'S WE HAVE CONSULTANTS OR IT'S EVERY DAY WE'RE LOOKING INTO THIS AT THE INVESTMENTS.
I APPRECIATE IT. THAT JUST HELPS ME BECAUSE.
BUT UNDERSTANDING WHY IT COMES TO US AND HOW IT WORKS.
PREVIOUSLY, HOW FUNDS WERE INVESTED WAS EACH INDIVIDUAL FUND HAD THEIR OWN SPECIFIC DOLLARS, AND AS THOSE DOLLARS WERE AVAILABLE, WE PURCHASED FINANCE DEPARTMENT, PURCHASED CDS JUST FOR, FOR EXAMPLE, EDC.
SO IF $2 MILLION WAS AVAILABLE, WE PURCHASED A CD FOR $2 MILLION AND WHATEVER THE RATE WAS THAT MONTH, THAT'S WHAT THE EDC RECEIVED FOR, SAY, THE NEXT YEAR OR TWO YEARS.
WE'VE CHANGED IT SINCE I CAME TO THE CITY AND BECAME FINANCE DIRECTOR.
ALL OF THOSE EARNINGS ARE THEN ALLOCATED BASED ON THE FUND BALANCE THAT'S AVAILABLE.
SO WE TAKE THAT THOSE EARNINGS AND APPLY IT EQUALLY.
SO IT LEADS TO GOING FROM A 15 OR 20 PAGE INVESTMENT REPORT TO A SIX PAGE REPORT.
EDC FOR A LONG PERIOD OF TIME WAS RECEIVING VERY SMALL INTEREST FROM ONE DECISION.
IT JUST SO HAPPENED TO THE TIMING THAT YOUR DOLLARS WERE AVAILABLE.
AND EVERYBODY BENEFITS THAT WAY.
SO THAT HELPS AS WELL. ABSOLUTELY.
I FAILED TO MENTION THAT. YES, MORE FAVORABLE RATES.
[00:15:05]
OKAY. THANK YOU, MR. MCMURDY.YEAH, MAN, SHE'S ASKING FOR MANUAL VOTE BECAUSE SHE'S HAVING TROUBLE.
OH, A MANUAL VOTE. OKAY, I'LL TAKE A MANUAL VOTE.
OKAY. ALL THOSE IN FAVOR OF THE MOTION, PLEASE RAISE YOUR RIGHT HAND.
YOU'RE READY. LET YOUR LEFT HAND.
LEFT HAND IS WHAT YOU'RE GETTING.
THANK YOU ALL. MOVING ON TO ITEM D REGULAR AGENDA ITEMS.
[1. Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest; special events; announcements and activities; office, industrial, commercial, or retail business retention; and marketing projects.]
RECEIVE ANY REPORTS AND PRESENTATIONS BY THE ECONOMIC DEVELOPMENT CORPORATION PRESIDENT, BOARD MEMBERS, EXECUTIVE DIRECTOR AND STAFF REGARDING ITEMS OF COMMUNITY INTEREST, SPECIAL EVENTS, ANNOUNCEMENTS AND ACTIVITIES.OFFICE INDUSTRIAL, COMMERCIAL OR RETAIL BUSINESS RETENTION AND MARKETING PROJECTS AS ITEM NUMBER ONE AND NUMBER TWO DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED LOCAL BUSINESS GRANT PROGRAM AND ITEM THREE UNDER THAT IS CONSIDERED THE ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR 2023-24 BUDGET.
MR. PRESIDENT BOARD, THANK YOU FOR BEING HERE THIS EVENING.
SO TONIGHT'S STAFF REPORT, BE FAIRLY BRIEF.
JUST A QUICK UPDATE ON THE FIFTH STREET DISTRICT.
WE HELD THE PRE-CONSTRUCTION MEETING FOR THE ALEXANDER STREET ENHANCEMENT PROJECT LAST WEEK.
WE ENVISION THE CONSTRUCTION TAKING 180 DAYS.
OF COURSE, THERE'S FACTORS THERE THAT COULD IMPACT THAT, OF COURSE.
BUT HOPING TO BREAK GROUND HERE SOON, I DON'T HAVE A SPECIFIC DATE FOR WHEN THAT WILL BE.
HOPING TO RECEIVE COMMENTS BACK NEXT WEEK FROM EACH.
AND THEN, OF COURSE, THERE'S SOME BACK AND FORTH AND HOPEFULLY THERE'S NOT MUCH OF THAT.
BUT THEN WE CAN GET THOSE EXECUTED.
IT'S THE OLD STATE HIGHWAY 78 ALIGNMENT.
IT'S KIND OF INTERESTING HISTORY THAT WE'VE BEEN ABLE TO GO DOWN AND LEARN.
SO WE'RE WORKING WITH THE STATE ON GETTING THAT TRANSFERRED TO US SO THAT WE CAN ESSENTIALLY ABANDON IT AS PART OF THE DEVELOPERS AGREEMENTS.
AND SO THAT'S KIND OF ONE OF THOSE BEHIND THE SCENES THINGS THAT YOU DON'T REALLY.
IS THERE ANYTHING WHEN YOU TALK ABOUT DEVELOPER, THERE'S NOTHING ELSE YOU NEED FROM THE BOARD OTHER THAN DEVELOPERS AGREE WITH THE LANGUAGE ON LEGAL DOCUMENTS IN TIME, RIGHT? THEY'VE BEEN APPROVED IN TERMS OF THE ABILITY TO NEGOTIATE AND EXECUTE.
SO NOTHING WILL COME BACK TO THE BOARD RELATIVE TO THOSE TWO AGREEMENTS.
BUT THE QUESTIONS, THERE WAS NOTHING THAT WOULD.
THEN SEEM AGREEABLE? NO, I THINK EVERYTHING IS GOOD.
IT'S. YOU GET THE ATTORNEYS INVOLVED, AS EVERYBODY SHOULD, TO LOOK OVER THIS STUFF.
IT'S A CONTRACT, RIGHT? IT'S A BUSINESS CONTRACT.
SO EVERYBODY'S LOOKING OVER THE DEAL POINTS AND MAKING SURE THAT THE I'S ARE DOTTED AND THE T'S.
IT'S JUST KIND OF HOW IT GOES.
SO I THINK THAT WE'VE BEEN ABLE WE'VE BEEN NIMBLE.
IT'S JUST A MATTER, HONESTLY, OF GETTING THE RESTAURANTS TO GET US THEIR COMMENTS BACK.
SO WE'VE BEEN TRYING TO STAY ON THEM AND I THINK THAT THERE'S EXCITEMENT.
WE'RE JUST TRYING TO KEEP MOMENTUM GOING.
SO THAT'S WHERE WE'RE AT WITH THOSE.
THE EDC WEBSITE, THESE ARE JUST A COUPLE OF GRAPHICS WE WANTED TO PULL UP ON THE SCREEN HERE.
IS WE CAN HAVE A PRODUCTION SITE BUILT.
IT'LL PROBABLY BE ABOUT FOUR OR SO WEEKS FOR THEM TO ACTUALLY BECAUSE WE'VE BEEN WORKING WITH THEM ON AND THIS IS A BIT ABOVE MY LEVEL OF UNDERSTANDING, BUT WE'VE BEEN WORKING WITH THEM ON BASICALLY PDFS, UPDATING THINGS THAT WAY, AND THEY'RE TAKING MAKING THE CHANGES, MOVING STUFF AROUND BECAUSE ONCE IT GETS TO THE PRODUCTION SITE, IT'S A LOT
[00:20:04]
HARDER TO MAKE WHOLESALE SUBSTANTIVE, YOU KNOW, BIG TIME EDITS.BUT SO WE HAVE THESE PDFS KIND OF GIVE YOU A BIT OF A FLAVOR OF WHAT IT'S GOING TO LOOK LIKE.
THEY'VE BEEN REALLY GOOD TO WORK WITH AND WE'RE HOPING TO GET THIS KNOCKED OUT IN THIS FISCAL YEAR.
ONE OF THEIR PRODUCTION DESIGNERS WILL BE OUT OF TOWN FOR A LITTLE BIT OF TIME.
AND SO IT IS POSSIBLE THAT IN ORDER FOR THE BOARD TO HAVE TIME TO LOOK AT IT AND DO THE KIND OF THE TEST BACK END SITE, WE MAY END UP PUSHING THE.
THAT'S JUST IT'S BECOMING INCREASINGLY LIKELY THAT OCCURS THAT LESS THAN $7,000.
SOMETHING THAT KIND OF TIES INTO THAT AS WELL.
AND WE'LL GET INTO THIS IN A LITTLE BIT WITH THE BUDGET DISCUSSION.
THESE ARE THINGS THAT WE WILL BE YOU KNOW, WE'LL HAVE SOME DISCUSSION THIS EVENING, BUT WE'LL BE ABLE TO IMPLEMENT PLUG INTO THE NEW WEBSITE AND HOPEFULLY EVERYTHING KIND OF LAUNCHES AT ONCE.
THAT'S A LONGER COOK BUT WILL EVENTUALLY BE ON THE WEBSITE BUT.
WE'RE REALLY EXCITED ABOUT THE SITE SELECTION TOOL.
THEY'VE PUT OUR CONSULTANTS PUT A GRAPHIC TOGETHER, KIND OF ILLUSTRATING, YOU KNOW, WE HAVE AN INTERACTIVE MAP AND IF YOU'VE LOOKED AT OUR CURRENT WEBSITE, IT SAID SINCE I'VE BEEN HERE, MAP COMING SOON.
SO I'M QUITE DELIGHTED TO BE ABLE TO CHECK THAT BOX.
AND THEN AS FAR AS UPCOMING EVENTS, NEXT EDC BOARD MEETING WILL BE AUGUST 17TH.
SO WE'RE KIND OF IN THE THICK OF SUMMER.
THERE'S NOT QUITE AS MUCH GOING ON.
ANY COMMENTS? QUESTIONS ABOUT THAT ITEM? MOVING ON TO THEN ITEM D TO DISCUSS AND CONSIDER APPROVAL OF THE PROPOSED LOCAL BUSINESS AND GRANT PROGRAM, I DO HAVE A CARD FOR YOU, MISTER HOBO HERE, BUT AS IN THE PAST, YOU'VE ALWAYS WANTED TO HEAR THE DISCUSSION.
IS THAT THE SAME THING AT THIS TIME? OKAY, GOOD DEAL.
LET'S TALK ABOUT THE LOCAL BUSINESS GRANT PROGRAM.
SO I'LL KIND OF BLAZE THROUGH SOME OF THE STUFF THAT WE SPENT A LITTLE BIT OF TIME LAST TIME.
BUT PRESENTATION OUTLINE, WE'LL GO THROUGH FRAMEWORK DETAILS, ELIGIBLE AND ELIGIBLE PROJECTS.
AGAIN, HIGHWAY 78, EXCLUDING WOODBRIDGE CORNERS BUDGET LINE ITEM MATCHING GRANT, $25,000.
SO THAT'S WHAT WE'RE PROPOSING A MAXIMUM OF 25,000.
JUST GIVEN THE AMOUNT OF ADMINISTRATIVE APPROVAL THAT WE'RE POTENTIALLY GIVING TO STAFF.
AND SO I THINK WE WOULD ALL FEEL MUCH BETTER IF THE CITY COUNCIL MEMBERS HAD A CHANCE TO LOOK AT IT.
SO NO ACTION THIS EVENING. BUT WHAT WE'LL DO IS IF THERE ARE ANY.
THIS EVENING WE WOULD MAKE THOSE AND THEN IT WOULD BE AT A FUTURE CITY COUNCIL MEETING.
THEY GET THEIR FEEDBACK AND THEN HOPEFULLY EVERYTHING IS GOOD TO GO.
IS THAT SOMETHING THAT WE'D POTENTIALLY BE ABLE TO VOTE ON IN OUR AUGUST MEETING SO THAT IT'S READY TO GO COME NEXT FISCAL YEAR? SO I NEED TO TALK WITH THE CITY MANAGER.
BUT THE COUNCIL THEY HAVE A MEETING ON, I THINK IT'S THE SEVENTH IN ANOTHER MEETING ON THE 21ST.
SO DEPENDING ON WHAT THAT AGENDA IS LOOKING LIKE, IF THERE'S ROOM FOR IT, THERE IS A POSSIBILITY.
WE COULD INCLUDE THAT LINE ITEM.
AND ULTIMATELY BY APPROVING THE LINE ITEM, CITY COUNCIL IS GIVING US THE BUDGET AUTHORITY.
WE JUST WOULDN'T NECESSARILY HAVE THE FRAMEWORK IN PLACE YET.
[00:25:01]
BUT OBVIOUSLY WE WON'T BEGIN TO DO ANYTHING WITH THE PROGRAM UNTIL WE HAVE A RESOLUTION PASSED, ESSENTIALLY AUTHORIZING IT AND THE DETAILS FRAMEWORK.OKAY, BUT WE HAD A GOOD DISCUSSION LAST TIME.
I THINK IT WAS VERY HELPFUL FOR ME KIND OF JUST GOING FORWARD.
SO WE TALKED ABOUT THE PROPOSED FRAMEWORK.
NOTHING NEW HERE. APPLICATION REVIEWED BY STAFF PROCESS WOULD REQUIRE COUNCIL APPROVAL MEETING TYPE REQUIREMENTS, AND WE'D HOLD ONCE THE PROGRAM WERE APPROVED AND IF BUDGET AUTHORIZATION WAS GIVEN TO US BY THE CITY COUNCIL, WE WOULD HOLD A PUBLIC HEARING AUTHORIZING THOSE FUNDS TO BE CONSIDERED AN ECONOMIC DEVELOPMENT PROJECT.
AND THAT IS WHAT STATUTORILY WOULD ENABLE US TO ISSUE THOSE FUNDS.
SO THIS IS WHERE WE'RE GETTING INTO THE SOME OF THE NEWER STUFF.
AGAIN, THIS WENT OUT WITH THE PACKET.
NOTHING, TOO NEW HERE BUT PROGRAM DETAILS.
I SKIPPED THAT BULLET POINT, BUT JUST ONE PAYMENT, A COUPLE NEW BULLET POINTS FROM LAST TIME.
AND SO I WAS ABLE TO GLEAN A LOT.
EVERYBODY DOES IT A LITTLE BIT DIFFERENTLY, BUT I THINK THAT THIS WILL WHAT WE'RE PROPOSING HERE, OF COURSE, BASED ON YOUR FEEDBACK, IS IT A NICE FIT FOR SACHSE? POTENTIALLY. BUT BUILDING CAN'T HAVE RECEIVED GRANT FUNDING LESS THAN A YEAR PRIOR.
SO AGAIN, YOU GET YOUR GRANT, YOU HAVE TO WAIT AT LEAST A YEAR SO YOU CAN REAPPLY A MAXIMUM GRANT OF 25K AND WE DISCUSSED THIS, THE SPLIT, BUT APPLICANT MUST PAY AT LEAST 25%.
SO AS FAR AS THE MATCH GOES, THE APPLICANT HAS TO PAY AT LEAST 25% AND THE CITY COULD DO 75.
AN APPLICATION FOR GRANT FUNDING MUST BE MADE PRIOR TO THE WORK BEGINNING.
SO THIS IS THIS IS A LITTLE BIT TOUGH TO SEE, RIGHT? THIS IS THE WHOLE TEN SQUARE MILES OF THE CITY OF SACHSE.
BUT WHAT THIS MAP ILLUSTRATES AND I'M GOING TO EXPLAIN, THE BLUE TURQUOISE PARCELS THAT IS TERSE THREE IN COLLIN COUNTY AND THE ORANGE PARCELS, THAT IS TERSE THREE WITHIN DALLAS COUNTY.
SO AFTER RANCH HOUSE IS WHAT WE CONSIDER WOODBRIDGE CORNERS.
AND THEN OF COURSE, THE STUFF TO THE NORTH, THE WALMART, ALL THOSE BIG PARCELS, THE NORTH TEXAS MUNICIPAL WATER DISTRICT, THOSE WOULD NOT QUALIFY, OF COURSE, FOR THIS NEW CONSTRUCTION WOULDN'T QUALIFY.
SO YOU'RE ESSENTIALLY SAYING ON THE SOUTH SIDE OF 78, ESSENTIALLY.
IS REALLY THE BULK OF WHERE THIS PROGRAM WOULD GO TOWARDS.
AND OF COURSE, THE BOARD CAN WEIGH IN HERE.
WE THOUGHT INCLUDING IT IN THIS.
IT IS NOT AN OLD BUT AN OLDER CENTER ALONG 78.
AND SO IF THERE'S OPPORTUNITIES THERE FOR WHATEVER FACADE TYPE IMPROVEMENTS.
SO IN THIS CASE, WHAT THIS LA FITNESS, WOULD THEY BE INCLUDED OR NOT? NO, AND NEITHER WOULD HAT CREEK.
THEN THERE IS THIS PROPERTY ON THE OTHER SIDE THAT WOULD BE INCLUDED.
YEAH. SO IT KIND OF ENDS BECAUSE YOU'VE GOT A HAT CREEK OR IS IT? WELL, IT'S THE RANCH HOUSE.
OKAY, SO THAT RANCH HOUSE UP, THAT'S WOODBRIDGE CORNERS, RIGHT? SO WALMART WOULD BE INCLUDED IN THE NEW WOULD NOT BE.
IT WOULDN'T BE. YEAH. JUST REALLY QUICKLY HAD MENTIONED ABOUT ONE OWNER.
SO HE GOT THE KROGER PLAZA THAT WOULD HAVE ONE OWNER.
IT'S BECAUSE IT'S OWNED BY ONE PERSON, IT WOULDN'T BE PER BUSINESS.
[00:30:04]
YEAH. AND WE HAVE SOME DETAILS ON THAT.WE GET, BECAUSE SPECIFICALLY WITH REGARD TO TENANTS, MULTIPLE TENANTS IN ONE CENTER, BECAUSE THE REALITY IS THINK ABOUT ON HIGHWAY 78, IF ONE TENANT WANTS SOMETHING OR THAT'S OKAY, MAYBE $25,000 HELPS.
BUT IF SEVERAL OF THEM DO, OR IF WE START ENGAGING WITH THEM, WE'RE TALKING AND THEY'RE LIKE.
WOW, WE HAVE A LOT MORE THAT WE WANT TO DO.
THEY CAN STILL COME THROUGH THE REGULAR PROCESS.
BUT YEAH, THIS IS BASED ON THE OWNERSHIP OF THE GROUP.
SO WEITZMAN COMPANY OWNS THE PLAZA.
YEAH. AND THEN EACH OF THE STRIPS AS WELL, BECAUSE EACH STRIP HAS WHAT? 5 TO 7 BUSINESSES.
SAME THING WITH SACHSE PLAZA AS WELL.
THAT'S ONE OWNER AND IT'S JUST THAT OWNER, NOT THE BUSINESSES IN THERE.
WE COULD TALK ABOUT THAT, THOUGH.
OKAY. NO, THAT'S A GREAT QUESTION.
BUT THAT'S THE ESSENTIALLY THE PROGRAM BOUNDARY.
IT'S SOME DETAILS APPLICANTS REQUIRED TO CONFORM TO.
THIS IS JUST I'M A PLANNER, RIGHT? SO I GOT TO PUT THIS IN THERE.
THEY HAVE TO PAY FEES TO TENANTS.
THIS BOARD MEMBER, KINZER, KIND OF GETS IN BOARD MEMBER.
SO ESSENTIALLY WE'LL PUT SOMETHING TOGETHER.
WE DON'T WANT SOMEBODY TO START DOING WORK THEY'RE NOT SUPPOSED TO DO.
GET AUTHORIZED IMPROVEMENTS MUST BE COMPLETED WITHIN 12 MONTHS OR THE APPLICANT FORFEITS THE GRANT.
I SAW DIFFERENT I SAW VARIANTS ON THIS.
I THINK SOME HAD NINE MONTHS, BUT I FIGURED 12 MONTHS IS PROBABLY REASONABLE.
WE'LL GET MORE INTO YOUR QUESTION.
DO WE HAVE A SAY ON WHICH ONE THEY HAVE TO ACCEPT OR.
BECAUSE WHY ARE THEY? I THINK IT'S JUST HELPFUL FOR US TO KNOW THAT THEY'RE NOT JUST GOING WITH THE HIGHEST LIKE YOU COULD, WHICHEVER RIGHT QUALITY.
BUT DID YOU TRY DID YOU AT LEAST SEE COMPARATIVELY WHAT AND THEN ARE WE VALIDATING? TO QUOTE THE QUARTER.
ARE WE VALIDATING THEIR BUSINESS STANDING? I DON'T REALLY PLAN TO GET INTO THAT, BUT I THINK JUST HONESTLY, FOR THEIR SAKE TOO, LIKE IT'S PROBABLY GOOD TO JUST GET A COUPLE QUOTES AND CORRECT.
MORE DETAILS RECEIPTS PROVIDED TO STAFF PRIOR TO FUNDING DISBURSEMENT.
FINAL AMOUNT CONTINGENT ON AMOUNT PROVEN TO BE PAID VIA RECEIPTS AND REIMBURSEMENT GRANTS THAT ARE ON A CASH PAYMENT UP TO THE APPROVED PERCENTAGE OF FUNDS EXPENDED BY THE APPLICANT ON IMPROVEMENTS AND ARE NOT TO EXCEED THE LIMITS.
IS THE MAX THAT THE CITY WILL PAY AND THEY HAVE TO DO 25% IF THEY BRING US RECEIPTS AND A BUNCH OF STUFF IS INCLUDED IN THE RECEIPTS, THAT WASN'T INCLUDED IN THE APPLICATION.
WE'RE ONLY GOING TO PAY FOR WHAT WAS PART OF THE APPROVAL.
IN-KIND CONTRIBUTIONS TO THE IMPROVEMENTS BY THE APPLICANT WILL NOT BE CONSIDERED AS AN EXPENDITURE.
ONLY CASH EXPENDITURES BY THE APPLICANT MAY BE USED IN CALCULATING COST OF IMPROVEMENTS.
SO YOUR BUDDY RICK COMES AND HELPS YOU PAINT AND HIS TIME IS WORTH SOMETHING.
THAT'S NOT PART OF WHAT WE'RE PAYING FOR, RIGHT? IT'S THE ACTUAL PHYSICAL IMPROVEMENTS.
IMPROVEMENTS PRESENTED IN THE APPLICATION AND APPROVED BY STAFF BE COMPLETED IN THEIR ENTIRETY.
FAILURE TO COMPLETE THE IMPROVEMENTS RENDERS THE APPLICANT INELIGIBLE TO RECEIVE THE FUNDING.
SO BUT THIS JUST KIND OF PUTS IT OUT THERE LIKE.
WE CAN GO AND SEE IF YOU'RE DOING THE WORK.
[00:35:04]
BUT. GENERALLY, AGAIN, PROJECTS INCLUDE INFRASTRUCTURE AS DEFINED BY THE TEXAS LOCAL GOVERNMENT CODE.EXISTING BUILDINGS OR SITES LOCATED EXISTING.
AND THAT'S KEY. LOCATED IN THE PROGRAM BOUNDARY.
AND THEN THE TABLE BELOW PROVIDES A LIST OF THE PROJECTS THAT WOULD BE CONSIDERED.
AND SO WHEN I WAS READING THROUGH ITS INFRASTRUCTURE AND SITE IMPROVEMENTS AND SITE IMPROVEMENTS IS KIND OF A BROAD TERM.
AND SO WHAT WE'RE TALKING ABOUT IS LIMITING THE SCOPE TO WHAT THAT IS BASED ON WHAT'S IN THIS TABLE.
AND SO WE HAVE A YOU CAN SEE SIGNAGE.
WE HAD A PRETTY LENGTHY DISCUSSION ABOUT SIGNAGE.
AND SO FOR THE SAKE OF AND HAVING A PROPOSAL FOR YOU ALL TO REACT TO.
WE SAID NEW SIGNS REPLACEMENT OF NON-CONFORMING AND PULL SIGNS AND REMOVAL OF EXISTING FACADE SIGNS.
SO ESSENTIALLY, SIGNAGE IS INCLUDED AS PART OF THIS DEAL.
INFRASTRUCTURE, PARKING LOT IMPROVEMENTS, GREASE TRAPS, THAT SORT OF THING.
SIGNIFICANT FACADE AND SITE IMPROVEMENTS.
AND SO THIS IS THE BIGGEST CATEGORY BECAUSE SITE IMPROVEMENTS IS FAIRLY BROAD.
RIGHT. BUT KIND OF JUST READING THROUGH THOSE FACADE REHAB EXTERIOR TREATMENTS SUCH AS BRICK, STONE, STUCCO, WOOD OR OTHER DESIRABLE BUILDING MATERIALS, PAINTING PATIOS, WINDOW ENHANCEMENTS, AS WELL AS CANOPIES AND AWNINGS AS PART OF AN OVERALL FACADE IMPROVEMENT.
SO WE'RE PROBABLY NOT GOING TO PAY FOR YOU JUST TO GET NEW WINDOWS.
AGAIN, YOU ALL KNOW TREE PLANTINGS, ENHANCED IRRIGATION, HARDSCAPE IMPROVEMENTS SUCH AS SIDEWALKS, CURB AND GUTTER PERGOLAS IF AFFIXED TO THE BUILDING, PERMANENT STREET FURNITURE IS DISCUSSED AND THEN FROM A DEMOLITION STANDPOINT, REMOVAL OF COMMERCIAL STRUCTURES, DERELICT OR DILAPIDATED ACCESSORY STRUCTURES. SO YOU MIGHT HAVE SOME LEGACY BUILDINGS THAT HAVE SOME OLD STUFF IN THE BACK DOESN'T LOOK GREAT.
WE COULD HELP PAY THE COST OF DEMO.
SO. INELIGIBLE PROJECT AND STOP ME IF AT ANY TIME I COULD RUN THROUGH IT.
OR WE CAN STOP AS YOU HAVE QUESTIONS.
INELIGIBLE PROJECTS SO RESIDENTIAL AND OR NON COMMERCIAL PROJECTS.
INTERIOR REMODELING OR RENOVATION.
BURGLAR BARS, ROOF REPAIR OR REPLACEMENT.
AGAIN, IF IT'S PART OF A BROADER PROJECT THAT CAN BE CONSIDERED, BUT JUST GENERAL ROUTINE MAINTENANCE AND REPAIRS WOULD NOT COUNT. SO I'M NOT WE'RE PROBABLY NOT GOING TO WRITE A CHECK FOR YOU TO CUT YOUR GRASS OR JUST LIKE IF YOU NEED TO PAINT A WALL, LIKE WE WANT TO SEE REAL INVESTMENT, REAL IMPROVEMENT ENHANCEMENT.
ESTABLISHMENT FOR, WELL, EXPLICIT SIGNAGE OR INDOOR CONTENT THAT WOULD BE CONSIDERED AN INELIGIBLE PROJECT WORK FOR PROJECTS THAT HAVE ALREADY BEEN STARTED IN PROGRESS OR HAVE BEEN COMPLETED WOULD BE INELIGIBLE.
SOFT COSTS CITY FEES ARE NOT ELIGIBLE FOR REIMBURSEMENT, AND THE PROGRAM IS NOT OPEN TO APPOINTED AND OR ELECTED OFFICIALS OR THEIR RELATIVES BY BLOOD OR MARRIAGE.
SO IN OUR LAST MEETING, I WALKED AWAY FROM THAT WITH.
THE IDEA THAT WE WANTED TO BE VERY BROAD IN THE SCOPE, MEANING THAT IF IT FELL WITHIN WHAT YOU COULD PROVIDE AS AN ECONOMIC DEVELOPMENT CORPORATION, THEN THAT'S WHAT WOULD BE ELIGIBLE FOR THIS PROGRAM.
IT IS IS THAT REFLECTIVE OF THAT IN THE INELIGIBLE PRODUCTS? WELL, SOME PRODUCTS, YEAH.
SOME THINGS I DON'T THINK WE WOULD FUNDAMENTALLY WANT, LIKE THE EXPLICIT MATERIAL.
[00:40:04]
I THINK FUNDAMENTALLY WE PROBABLY AREN'T GOING TO WANT TO BE PAYING FOR SOMEBODY TO DO SOMETHING THAT'S EXPLICIT.I DON'T REALLY THINK THAT WE'RE GOING TO WE WANT TO INCENT SOMEBODY TO DO SOMETHING LIKE THAT.
BUT WE ARE PUTTING NOW, THIS WOULD BE PUTTING LIMITS IN.
IT ISN'T JUST USING THE DEFINITION OF WHAT YOU'RE ABLE TO AS FAR AS THE.
YEAH THERE ARE PARAMETERS RIGHT SO WE'RE NOT GOING TO GENERAL AND ROUTINE MAINTENANCE IS NOT SOMETHING WE'RE NOT GOING TO PAY YOUR INVOICES FOR YOUR YARD CARE.
I DON'T SEE ANYTHING ON THAT LIST THAT JUMPS OUT.
THAT WOULD BE A SHOWSTOPPER FOR ME.
IT'S PRETTY SELF-EXPLANATORY LIST AS FAR AS WHAT WE'RE NOT GOING TO COVER.
AND THAT'S TO YOUR POINT, THAT'S GENERAL MAINTENANCE AND GENERAL REPAIR.
THAT FALLS UNDER THE LANDLORD WHO OWNS THE BUILDING, NOT THE EDC.
SO I WOULD SAY LIKE INTERIOR REMODELING.
WHAT IF THAT'S SOMETHING WHERE, AGAIN, IF OUR INTENTION IS WE'RE TRYING TO HELP BUSINESS GET MORE BUSINESS AND THAT MAY INCLUDE SOME FORM OF A RENOVATION OR SOMETHING INTERNAL.
I COULD SEE THAT EXAMPLE AS BEING SOMETHING THAT I WOULD WANT TO BE ABLE TO DO FOR A GRANT.
AND I KNOW I BELIEVE WE HAVE SOME INCENTIVES THAT HAVE SUPPORTED THAT AS WELL.
SO I KNOW THAT IT'S NOT SOMETHING THAT WE'RE I MEAN, WE'RE NOT SAYING NO, WE DON'T DO THAT AT ALL.
IT'S. I WAS UNDERSTANDING THAT WAS ALLOWED PREVIOUSLY.
SO WHERE DOES THAT FALL? JARED AS FAR AS OUR LEGAL ABILITY TO DO SOMETHING INTERNALLY VERSUS.
DOES THAT REALLY FALL INTO THE CATEGORY OF.
OF WHAT THE LAW STATES AND WHAT WE'RE PUTTING ON THAT.
IF YOU ALL WANT THE INTERIOR REMODELING AND RENOVATION TO BE INCLUDED, WE CAN JUST EDIT THIS, REMOVE IT FROM THAT PIECE. I THINK THAT'S TOTALLY FINE AS LONG AS AND I WILL RUN ALL THIS BY LEGAL AND MAKE SURE IT'S GOOD.
I MEAN, I'VE GOT MORE COMMENTS, BUT DOES THE QUESTION WITH REGARDS TO THE INTERIOR REMODELING, TO TEDDY'S POINT, BUT ALSO TO YOUR POINT, JARED, IF WE'RE TALKING ABOUT AN INFRASTRUCTURAL PIECE, MEANING WHATEVER WE'RE DOING IS GOING TO BE LEFT WITH THE BUILDING OR WITH THAT SPACE.
SO WHEN YOU START TALKING ABOUT INTERIOR REMODELING, SOMETIMES IT COULD COME INTO TABLES AND CHAIRS, WHICH MAY OR NOT BE MAY OR MAY NOT BE LEFT WITH THE SPACE WE'RE NOT GOING TO.
SO I THINK THERE NEEDS TO BE A LINE DRAWN FOR WHAT THAT WOULD BE IF IT CAN BE LEFT WITH THE SPACE, WHICH IS THE THEME THAT I WALKED AWAY FROM THE LAST MEETING LEFT WITH THE SPACE CAN STAY WITH THAT LOCATION, THEN THAT'S FINE.
BUT IF IT'S SOMETHING THAT CAN BE TAKEN AWAY, SIMPLE TABLE AND CHAIRS.
WE WOULD NOT WANT TO HAVE THAT.
I DON'T WANT TO CHANGE FLOORING OR THE FLOORING WOULD STAY WITH THE BUILDING.
THE FLOORING WOULD STAY WITH THE BUILDING.
BUT THE FLOORING STAYS WITH THE BUILDING.
YEAH. UM, I THINK THE IDEA BEHIND THE INTERIOR WORK LIKE LIMITING BECAUSE I SUSPECT YOU'LL HAVE FOLKS THAT WANT TO GO THAT ROUTE. PERHAPS IT'S EVEN PART OF A BIGGER ENHANCEMENT PROJECT LIKE THEY'RE DOING SOME OTHER WORK.
YEAH, I SAW A GENERAL FACADE ENHANCEMENT AND THEN LIKE, WELL, WE'RE TEARING THIS DOWN.
WE MIGHT AS WELL WHATEVER THE KITCHEN.
I THINK THE GENERAL THOUGHT THERE WAS MORE OF THE VISIBILITY FROM THE RIGHT OF WAY PIECE, BUT I'M CERTAINLY I UNDERSTAND WHAT YOU'RE SAYING IF YOU'RE TRYING TO HELP BUSINESS RIGHT.
SO I GUESS IN THAT WITH MY QUESTION, I'M JUST GOING BACK TO OUR LAST MEETING WHERE AT FIRST I THOUGHT IT WAS LIKE MORE BEAUTIFICATION, BUT THEN I GUESS THEN I WAS HEARING THE DISCUSSION AND COMMENT THAT, WELL, NO, THIS ISN'T JUST ABOUT THAT.
AND THERE WAS EVEN AN EXAMPLE FROM SOMEONE ABOUT, WELL, WHAT IF A BUSINESS ADDED PARTICULARLY MACHINING OR SOMETHING THAT WOULD ACTUALLY INCREASE THEIR SALES, THEN WOULD WE SUPPORT THAT? I THINK THE ANSWER THERE IS PROBABLY NO AS LONG AS IT FELL WITHIN THE TYPEKIT.
BUT I'M JUST SAYING IF IT WAS A TIGHT BE SO IF WE HAVE ANY FORM OF INTERIOR REMODELING OR RENOVATION
[00:45:04]
THAT FELL WITHIN TYPE B, CAN WE ADD IT? YEAH, I CAN CERTAINLY.AGAIN, I'M GOING TO DISCUSS WITH OUR LEGAL TEAM ALL OF THIS.
SURE. YEAH. SO NOT REQUESTING ACTION, SEEKING BOARD FEEDBACK.
SO IT'S KIND OF INTERESTING. WE'RE GOING AND THEN WE'RE COMING BACK.
SO THAT'S THE END OF MY PRESENTATION.
I GUESS I DIDN'T HAVE A TON IN THERE ABOUT THE OWNER PIECE, WHICH I DON'T WANT TO FORGET BECAUSE.
BUT IF WE COME BACK TO JUST REALLY QUICKLY ON THE PROCESS OF WHAT'S GOING TO HAPPEN NOW.
WHAT I'M HEARING IS THAT IT HAS TO GET, LET'S SAY WE THEN WE APPROVE IT.
LET'S JUST SAY SOMETHING COMES BACK TO US NEXT MONTH AND WE SAY, YEAH, THIS IS GOOD.
THEN WE STILL HAVE TO HAVE ANOTHER MEETING TO FORMALLY TAKE THAT TO THE PUBLIC.
RIGHT? FORMALLY, WHAT WE'LL DO IS GIVE COUNCIL A CHANCE TO WEIGH IN ON THE PROGRAM, GET THEIR COMMENTS FEEDBACK, AND THEN BRING IT BACK TO YOU ALL FOR FORMAL APPROVAL.
THIS IS WHAT COUNCIL SAID IT'D BE ON THE AGENDA AS ACTION.
AND THEN YOU ALL HAVE THEN FORMALLY ADOPTED.
BY RESOLUTION, WHICH I'LL BRING FORWARD A LOCAL BUSINESS GRANT PROGRAM JUST TO MAKE EVERYTHING.
KIND OF AIRTIGHT. HERE'S THE PROGRAM.
HERE'S THE PROCESS WE WENT THROUGH.
AND SO THAT'S WHAT SOUNDS LIKE.
BUT I SAW SOMETHING ABOUT PUBLIC HEARING, TOO.
IS THAT A MEETING AFTER EDC DOES OR AFTER OR BEFORE A PUBLIC HEARING WILL BE ON AN EDC BOARD MEETING ONCE THE CITY COUNCIL HAS APPROVED THE BUDGET FOR FISCAL YEAR 2024, WE WON'T HAVE A PUBLIC HEARING FOR THAT PROJECT UNTIL THEY'VE AUTHORIZED THE FUNDS.
WE NEED TO FIRST SAY, YEAH, IT'S GOOD.
AND THEN COUNCIL WOULD SAY, YEP, THAT'S GOOD BUT BEFORE THAT HAPPENS, YOU HAVE TO DO THE BUDGET.
YEAH . AND THE SO THE BUDGET PIECE, THEY'LL TAKE ACTION TO AUTHORIZE.
PUBLIC HEARING AND THEN A PUBLIC HEARING.
YOU CANNOT DISPERSE FUNDS UNTIL 60 DAYS HAVE PASSED.
ONCE THE PUBLIC HEARING HAS BEEN HELD.
AND THEN SOMEBODY WOULD THEN CONCEIVABLY BE ABLE TO APPLY.
SO IS THAT LIKE A SEPARATE MEETING THEN THE PUBLIC HEARING WILL JUST BE AN AGENDA ITEM.
LIKE LET'S JUST SAY WE DID SEPTEMBER OR WE APPROVE IT NEXT MONTH AND THEN IT GOES THROUGH THE PROCESS, YOU GET THE FUNDING FOR IT AND THEN LIKE OCTOBER, THEN BE LIKE OCTOBER WOULD BE A PUBLIC HEARING AND OUR MEETING IN THE EDC MEETING.
YEAH, JUST LIKE WE DO OTHER INCENTIVES LEGALLY REQUIRED.
OKAY. AND THEN THAT'S 60 DAYS.
SO 60 DAYS. I MEAN, BEST CASE SCENARIO IS COME IN JANUARY, THEN THE PROGRAM WOULD BE KICKED OFF.
FOR USE, WHAT SOUNDS LIKE FOR FUNDING TO BE DISPERSED.
OKAY. THANKS. ON THIS PROGRAM, WILL THE APPLICANT.
BE REQUIRED TO BE THE PROPERTY OWNER OR COULD IT BE A TENANT? THEY JUST HAVE TO GET A FORM SIGNED OFF BY THE OWNER, WHICH HONESTLY, I THINK WE WOULD REQUIRE FOR ANY KIND OF TENANT IMPROVEMENTS IN THE CITY, THE PERMITTING DEPARTMENT.
SO WE WILL CERTAINLY BE WORKING WITH OUR PLANNING AND DEVELOPMENT SERVICES GROUP TO MAKE SURE THAT I'M GOING TO LET OUR DEVELOPMENT SERVICES DIRECTOR SEE THIS.
LET HIM KIND OF WEIGH IN, IS LIKE, AM I MISSING ANYTHING? LIKE WE DON'T WANT TO CREATE A MORE ONEROUS PROCESS.
WE JUST WANT TO BE KIND OF THINKING THROUGH AGAIN, LIKE WITH THE ZONING PIECE, WE DON'T WANT TO EXPAND ON A ZONING ISSUE AND CREATE MORE HEADACHES DOWNSTAIRS, BUT I DON'T KNOW IF THAT ANSWERS.
ANY OTHER QUESTIONS FOR ITEM D TWO?
[00:50:01]
OKAY. I'M.I KNOW, OF COURSE, IT HAS TO BE WITHIN THE CORRIDOR.
YEAH, THEY DON'T NO RESIDENCY REQUIREMENT.
GOOD QUESTION. ANY OTHER QUESTIONS? SO THE I THINK THERE WAS A FEW THINGS HERE WE WERE CONSIDERING.
ONE WAS IF WE EXPAND THAT TO INCLUDE THE KROGER PLAZA, I GUESS MY THOUGHT ON IS I'M GOOD WITH IT BECAUSE BEFORE I WAS LIKE, HEY, WE SHOULD JUST HAVE IT OPEN TO ANY BUSINESS.
SO MY OPINION WOULD BE, YEAH, LET'S DO THAT.
THAT ENTAILS QUITE A FEW BUSINESSES.
SO I WOULD DEFINITELY BE OPEN TO THAT DEPENDING ON WHERE OTHERS ARE AT WITH IT.
AND THEN MAYBE WE CAN ALSO COVER THE.
I GUESS I'D LIKE TO KNOW WHY WE WOULD LIMIT THAT.
I WOULD. I GUESS I COME BACK TO WHAT IS THE PURPOSE OF THE PROGRAM.
SO REALLY, THE LEASE OWNERS, THEY'RE JUST GETTING THEY'RE COLLECTING MONEY FROM THE BUSINESSES.
SO I WOULD LIKE TO SEE THAT BE.
FOR A BUSINESS, NOT JUST THE OWNER OF THE BUILDING.
EVERYBODY ELSE IS AT. AND THEN YOU SOUNDS LIKE JARED, YOU HAD SOME MORE COMMENTS ON THAT.
SO I WANT TO MAKE SURE I WASN'T MISSING SOMETHING.
BUT I WOULD SAY I MEAN, SACHSE PLAZA, KROGER PLAZA, YOU KNOW, THOSE STRIPS THAT ARE ALONG THERE, I WOULD THINK WE WOULD WANT THAT TO BE PER BUSINESS, NOT PER OWNER OF THAT BUILDING.
YOU WANT TO BE ABLE TO SEE BECAUSE IT'S A SMALL AMOUNT OF MONEY, $25,000.
YOU WANT TO MAKE SURE THAT YOU CAN SEE SOMETHING HAPPENING AT.
PRETTY SURE ALL THAT IS JUST ONE.
AND SO INSIDE OF THAT IS WHAT, EIGHT, NINE BUSINESSES? THERE'S THE DRY CLEANER DONUT SHOP, THE FLORAL SHOP, THE, YOU KNOW, GO AROUND, RIGHT? JACOBS LIQUOR, ALL THAT'S IN THERE.
SO UNLESS I MISUNDERSTOOD SOMETHING, WE'RE SAYING THAT COULD ONLY HAVE THAT WHOLE COMPLEX COULD ONLY HAVE ONE PROJECT BECAUSE IT HAS ONE OWNER PER YEAR, BUT THEN ONE BUSINESS, ONE ONLY ONE PROJECT PER THE SACHSE PLAZA PER YEAR.
I'M OKAY. LEAVE IT AT LIKE THAT JUST TO SEE HOW THE FIRST YEAR GOES.
ESSENTIALLY WE RUN OUT OF MONEY FOR THE OTHER BUSINESSES TO BE ABLE TO TAKE ADVANTAGE OF IT.
SO THE FIRST YEAR, I DON'T MIND SEEING IT THAT WAY.
SO, I MEAN, THIS IS AN AMENDABLE DOCUMENT.
I KNOW IT'S YEARLY, BUT IT'S AN AMENDABLE DOCUMENT.
YEAH. I MEAN, I THINK THAT THE THINKING WAS TOO WITH REGARD TO POINT WELL MADE.
BUT ALSO IF A BUNCH OF TENANTS WITHIN SACHSE PLAZA WANTED TO DO SOME KIND OF WORK, THAT'S GOING TO PROBABLY BE A LOT MORE EXPENSIVE AND MUCH BIGGER UNDERTAKING THAN JUST WHAT OUR $25,000 CONTRIBUTION WOULD BE.
AND SO WE COULD HAVE DISCUSSIONS WITH THEM ABOUT, OKAY, MAYBE IT'S A BIGGER CONVERSATION ABOUT, OKAY, WHAT DO YOU WANT TO DO? WHAT SORT OF FACELIFTS? WHAT PARKING ENHANCEMENTS? AND PERHAPS THAT'S SOMETHING THAT COMES BACK TO THE BOARD AS ITS OWN MUCH LARGER REQUEST.
BUT THAT WAS JUST THE THINKING ON HAVING IT PUT THAT WAY.
SO WHATEVER THE BOARD DECIDES.
THE PROPERTY OWNER NEEDS TO PONY UP.
AND IF YOU LET EACH INDIVIDUAL IF YOU EACH INDIVIDUAL BUSINESS COME TO US LIKE WHERE'S THE PROPERTY OWNER IN THIS? IS HE TRYING TO FIND IT? NO, NO, DON'T COME TO ME.
WHERE INSTEAD IT'S MORE WE WANT TO BE PARTNERSHIP WITH.
IT'S LIKE, WAIT A MINUTE. IF I'VE GOT ONE BUSINESS OUT OF THE EIGHT AND ONLY ONE ONCE A YEAR.
BUT HAVING SAID THAT, I WOULD SAY WE LEAVE IT FOR THE FIRST YEAR, SEE HOW IT GOES, BECAUSE I WANT TO MAKE SURE THAT PROPERTY OWNERS AREN'T JUST SAYING GO TO THEM BECAUSE WE'RE NOT.
[00:55:07]
LET THEM COME IN AS AN EXAMPLE.SO THEY LEASE A PLACE THEY'VE HAD CONTINUING ISSUES WITH.
AIR CONDITIONING. AND WHEN YOU LOOK AT THAT YOU WOULD ASSUME THAT'S THAT WELL, ACTUALLY, THAT SHOULD BE COVERED BY THEIR CONTRACT, THAT THE OWNER WOULD TAKE CARE OF THAT.
RIGHT. AND SO THE OWNER IS TRYING TO GET THE BUSINESS OWNER TO PAY EVEN MORE MONEY TO HELP FIX THAT.
WHEN IT'S ALREADY IT SHOULD ALREADY BE COVERED UNDER THEIR CONTRACT FOR IT.
AND SO HAVE YOU SEEN THEIR CONTRACT OR HAS THE GUY OR WHOEVER READ THEIR CONTRACT TO KNOW IF INDEED THE AC IS? I'M JUST SAYING I'M JUST GIVING THIS AS A GENERAL EXAMPLE.
RIGHT. SURE. SO AND SO I GUESS BECAUSE IT'S KIND OF READING BACK TO MY POINT OF PER BUSINESS, BECAUSE I THINK THE OWNERS, THEY SURE THEY COULD DO STUFF NOW THAT WE'RE, WE WOULD JUST BE HELPING THEM FIX OR DO THINGS WITH THEIR INFRASTRUCTURE AS OPPOSED TO SOMETHING THAT HELPS THAT BUSINESS THAT'S IN THERE AND THEN GENERATE MORE.
RIGHT. WE'RE NOT IN THE BUSINESS OF GETTING BETWEEN TENANT AND I KNOW THAT I'M TRYING TO GIVE AN EXAMPLE THOUGH OF WHY WHERE I'M COMING FROM ON I THINK IT SHOULD NOT I THINK IT WOULDN'T JUST BE THE ONE OWNER OF ALL THOSE BUSINESSES, ALL THOSE BUILDINGS WITH BUSINESSES.
I WOULD I AND I COULD BE MISSING IT.
AND MAYBE THIS ISN'T OUR INTENTION.
INCREASE THEIR REVENUES OR BE SUCCESSFUL AS A SMALL BUSINESS WITHIN SACHSE, WHICH THEN THAT EQUATES TO MORE IN TAXES THAT WE'RE ABLE TO COLLECT ON THAT.
SO THAT'S WHERE I WOULD BE COMING FROM.
AND IF THAT'S WHAT WE'RE TRYING TO DO, GREAT.
BUT IF WE'RE JUST TRYING TO THEN GO BACK TO THIS IS MORE ABOUT BEAUTIFICATION, IT'S EXTERNAL THINGS AND IT IS MORE INFRASTRUCTURE AND CAPITAL, THEN THAT'S OKAY TOO.
I JUST I THINK IT JUST DEPENDS ON WHAT OUR INTENTION IS WITH IT.
I WOULD SEE BY LIMITING A BUSINESS DOWN THERE DOESN'T HAVE A DRIVE THROUGH AND SAYS I CAN INCREASE BUSINESS IF I HAD A DRIVE THROUGH, MY LANDLORD WILL NOT.
HE SAYS HE'S NOT GOING TO PUT THAT INTO.
I DON'T OWN THE BUILDING, YOU KNOW? I THINK THAT'D BE A PRIME EXAMPLE WHERE IF YOU DO THIS RIGHT, OKAY, THIS WOULD BE SOMETHING HE WOULD WANT TO UPGRADE THAT PROPERTY.
AND THE LANDLORD SAID, I DON'T CARE WHAT YOU DO, I'M NOT PAYING FOR IT.
BUT HE'S GOING TO INCREASE HIS BUSINESS BECAUSE HE NEEDS A DRIVE THRU.
I GUESS, WITHIN THAT BLOCK TO COME.
THEN HE GETS IT FOR THAT YEAR, BUT IT'S NOT NECESSARILY GOING TO THE OWNER.
WE'RE JUST SAYING IF A BUILDING IS OWNED BY ONE PERSON, ONLY ONE BUSINESS CAN BENEFIT FROM THE PROGRAM PER YEAR.
RIGHT. DID I READ THAT CORRECTLY? 111. YEAH.
EXACTLY. ONE TENANT CAN BENEFIT FROM THE GRANT PER YEAR.
NOT EVERY SINGLE TENANT WITHIN THE BLOCK, IS THAT NOT? YEAH, IT'S NOT DONE AT THE OWNER LEVEL.
IT'S DONE AT THE TENANTS LEVEL, NOT THE TENANT LEVEL.
BUT WE'RE JUST SAYING IT'S LIMITED TO.
YEAH. AND THAT'S WHERE I GUESS MY, YEAH, MY RECOMMENDATION IS I THINK WE SHOULD BE INVESTING AND HELPING SMALL BUSINESS IN SACHSE AND IN ORDER TO DO THAT WITH THIS PROGRAM, BE ABLE TO USE THE GRANTS LIKE THAT, IT WOULD NEED TO BE SOMETHING PER BUSINESS REGARDLESS OF WHAT THEY OWN THE BUILDING OR THEY WERE LEASING THE BUILDING AND IT WOULD BE PER BUSINESS, NOT JUST PER THAT AREA THAT'S OWNED BY ONE OWNER.
PANDAS OR WHATEVER, WANTED TO DO SOME IMPROVEMENTS.
THEY COULD DO THAT. ALSO AT THE DONUT SHOP, WANTED TO DO SOMETHING.
NOT THE SAME YEAR. WITHIN THE SAME YEAR.
POOR BUSINESS, NOT PER OWNER OF A LEASED BUILDING, BUT THEN WHICH I UNDERSTAND YOUR POINT.
BUT THEN DON'T YOU THINK POSSIBLY JUST FOCUSING ON THAT PLAZA?
[01:00:01]
IF THEY'RE THE ONLY ONES APPLYING.ALSO. ESSENTIALLY DOESN'T SPREAD THE WEALTH ACROSS 78.
I DON'T THINK YOU'D SEE LIKE THEY HAVE TEN BUSINESSES IN THERE.
ALL TEN OF THEM APPLY FOR GRANTS.
I PERSONALLY, MAYBE THAT WOULD BE GREAT BECAUSE LET'S JUST TAKE ANOTHER EXAMPLE OF I KNOW, YOU KNOW, A SMALL BUSINESS OWNER TOOK OVER A BUSINESS HERE IN SACHSE AND THEY'VE DONE A LOT OF GREAT STUFF INSIDE THAT INCLUDED LIKE PAINTING, UPDATING SOME EQUIPMENT, DOING A LOT OF THINGS THAT COMPLETELY CHANGED THE LOOK OF THE PLACE.
AND SO I THINK WHEN I TALK TO THEM, THEY MENTIONED LIKE MAYBE IT WAS LIKE 7 OR $8000 THAT THEY HAD TO PUT INTO THAT, AND THAT WAS THEIR OWN CAPITAL AS A SMALL BUSINESS OWNER.
SO I WOULD SEE THAT WOULD BE SOMETHING THAT, YOU KNOW WHAT, THAT WOULD BE A GOOD THING FOR THIS GRANT, BECAUSE IF YOU COULD HELP THEM WITH THREE QUARTERS OF THAT, THEN I THINK, YES, WE WOULD WANT TO DO THAT.
THIS IS ABOUT THINGS THAT STAY WITH THE BUILDING.
ANYTHING THAT FELL UNDER THE TYPE BE SO RIGHT.
AND THEN TYPE B, WE CAN'T I CANNOT BUY SOMEBODY A RECUMBENT BIKE.
MM. I CAN BUY ITS INFRASTRUCTURE AND SITE IMPROVEMENTS.
IT'S NOT TABLES AND CHAIRS ON YOUR PATIO.
IT'S GOT TO BE RELATED TO THE BUILDING, THE STRUCTURE, THE INFRASTRUCTURE.
THAT'S BECAUSE THAT'S WHAT'S DEFINED AS TYPE B, OKAY? AND THAT'S WHERE WE'RE AT THEN.
SO WHEN WE GO BACK TO YOUR LIST OF INELIGIBLE PROJECTS, THOSE THINGS LISTED THERE ARE NOT TYPE B AND SUPPORTED AND YOU'RE NOT ABLE TO DO TO PROVIDE MONEY FOR THAT.
WELL, I MEAN, TECHNICALLY SPEAKING, NEW COMMERCIAL CONSTRUCTION WOULD BE A TYPE B PROJECT.
SO TECHNICALLY, YOU COULD DO NEW COMMERCIAL.
WE CAN HELP INCENT A BUSINESS TO DO THEIR UTILITY WORK OR WHATEVER IT MIGHT BE FOR NEW CONSTRUCTION.
BUT THIS SPECIFIC PROGRAM IS IS ENVISIONED MORE FOR THE HIGHWAY 78 CORRIDOR.
WE CAN CERTAINLY HAVE THE DISCUSSION ABOUT THE INTERIOR REMODELING OR RENOVATION.
BUT I THINK IF IT HELPS THIS BOARD UNDERSTAND WE ARE NOT GOING TO BUY PEOPLE A RIM MACHINE.
THAT'S NOT THAT WASN'T THE VISION.
THE VISION OF IT. SO WE'VE TAKEN TYPE B THOSE REQUIREMENTS.
I MEAN, WE'RE TRYING TO DO WHAT WE CAN DO, BUT WE CAN'T DO EVERYTHING WE CAN'T COVER.
YEAH. TYPE-B WOULDN'T COVER A TABLE AND A CHAIR OR A WORKOUT EQUIPMENT.
I GUESS MY THOUGHTS FROM JUST IN GENERAL, I LIKE THE MATCHING.
I LIKE THE DOLLAR AMOUNT. I'M GOOD WITH THAT.
IF WE WANT TO MAKE IF WE WANT TO LIMIT A A, IF WE DON'T WANT TO DO THAT JUST PURE TENANT LEVEL BUILDING LIKE THE FIRST TENANT IN THAT ONE BUILDING THAT'S OWNED BY SOMEBODY, THAT'S FINE.
IF WE ARE DOING A TENANT LEVEL, WE'VE GOT TO BE MORE COMFORTABLE WITH STAFF USING MORE DISCRETION.
BECAUSE IF WE'RE GOING TO SAY, HEY, ANY TENANT IN IF YOU GO TO KROGER THE OAK GROVE SAY ANY TENANT DOESN'T MATTER HOW MANY IF EVERYTHING COMES AT 4 OR 5 DIFFERENT TENANTS ALL OWNED BY THE SAME BUILDING, THEN WE'VE GOT TO BE IF WE'RE GOING TO USE THAT APPROACH, THEN WE'VE GOT TO BE COMFORTABLE THAT GIVING STAFF THAT DISCRETION TO SAY, YEAH, THIS WILL WORK. NO, THIS ISN'T GOING TO WORK.
WE'RE NOT COMFORTABLE WITH THIS OR WE'VE ALREADY DONE ENOUGH HERE.
WE'VE GOT OTHER OPTIONS IN ANOTHER PART OF THIS, IN ANOTHER PART OF THIS CHURCH ALONG 78.
BY MAKING IT AT THE TENANT LEVEL, WE'VE GOT TO BE COMFORTABLE WITH THE DISCRETION.
[01:05:06]
ANYBODY ELSE CAN COME IN THIS NEXT YEAR.YOU'VE ALREADY MET YOUR LIMIT FOR THAT YEAR FOR THAT OWNER.
SO AS A BOARD, I THINK FOR US TO SAY, ARE WE WILLING TO SAY, HEY, GIVE THEM THE DISCRETION BECAUSE THERE'S NOTHING THAT SAYS THREE APPLICATIONS COME IN. AND STAFF.
JARED COULD SAY, YOU KNOW WHAT, THESE TWO MAKE A WHOLE LOT OF SENSE.
THAT ONE DOESN'T. HE CAN TELL THE THIRD ONE, NOPE, THERE'S NOTHING THAT SAYS HE CAN'T.
AND IF WE'RE COMFORTABLE WITH GIVING HIM THAT DISCRETION, THEN WE DO IT.
OR LIKE WHAT TEDDY SAYS AT THE TENANT LEVEL VERSUS AT THE OWNER LEVEL, IF WE'RE COMFORTABLE, IF WE'RE NOT COMFORTABLE WITH THAT KIND OF DISCRETION, THE WAY YOU'RE PROTECTING US, THAT IS, WE'RE DOING IT AT THE OWNER LEVEL.
SO NOW IT TAKES THAT IT TAKES THAT [INAUDIBLE] OFF OF YOU.
THEY DO. SO THAT DOESN'T TAKE ANYTHING AWAY FROM WHAT HAS TO BE DONE.
OKAY. WHAT YOU'RE SAYING IS IT'S $0.01 OR ONE PER LANDLORD PER YEAR INSTEAD OF HAVING A WIDE OPEN TO SAY ANYBODY IN THAT COMPLEX CAN COME IN. SO ONCE YOU HIT YOUR ONE THAT LANDLORD'S PROPERTY IF HE HAS 15 TENANTS IS DONE FOR THE NEXT 12 MONTH PERIOD THAT ELIMINATES.
STAFF HAVING TO SAY YES OR NO ON CERTAIN THINGS, AND IT MAKES THEIR LIFE A LITTLE BIT EASIER INSTEAD OF HAVING TO KIND OF PLAY THE ROLE OF, YES, WE LIKE THIS ONE AND WE LIKE THAT ONE IS, HEY, YOU'RE ONE TENANT CAME IN.
WE APPROVED IT AND NOW YOU'RE DONE FOR THE NEXT 12 MONTHS.
OR ARE WE WILLING TO SAY, HEY, YOU MIGHT GET FOUR APPLICATIONS FOR $25,000 IN THE FIRST MONTH FROM THE SAME BUILDING? AND YOU'VE GOT TO DECIDE, AM I GOING TO WAIT AND HOPE THAT MORE COME IN THE REST OF THE YEAR? SO I'M GOING TO TURN DOWN THESE THREE, OR AM I GOING TO SAY, YOU KNOW WHAT, I MIGHT NOT GET ANY MORE FOR THE REST OF THE YEAR, SO WHAT AM I GOING TO DO? SO I THINK FOR US, I UNDERSTAND WHERE TEDDY IS COMING FROM THE TENANT LEVEL, BECAUSE I THINK WE NEED TO HELP THE TENANTS BECAUSE THERE ARE SMALL BUSINESS OWNERS THAT I AGREE WITH, CONSIDERING WE'RE JUST NOW STARTING.
MY FEELING IS I WOULD LEAVE IT AT THE ONE PER OWNER LEVEL FOR RIGHT NOW TO SEE WHERE THAT JUST TO SEE WHAT HAPPENS, BECAUSE IT IS A LIVING DOCUMENT NOW, NOT SOMETHING WE'RE GOING TO CHANGE EVERY MONTH.
THIS IS NOT A THAT LIVING OF A DOCUMENT.
WE NEED TO BE DOING IT AS A SMALL BUSINESS LEVEL.
AND THEY'VE GOT A REALLY GOOD PROJECT.
THE GRANT ISN'T THE ONLY OPTION.
THEY CAN COME LOOK FOR INCENTIVES FROM THE CITY AND FROM THE EDC.
AND IF THEY'VE GOT A BUSINESS PROPOSAL THAT MAKES SENSE FOR THE CITY AND FOR THEM.
HERE'S A QUESTION. HOW MANY OF OUR BUSINESSES STAFF.
HOW MANY OF OUR SMALL BUSINESSES, TO TEDDY'S POINT, ARE IN A STRIP CENTER OWNED BY A TENANT? PROBABLY. HOW MANY? 30 OR 40, AT LEAST.
HOW MANY OF SMALL BUSINESSES ARE IN STAND ALONE BUILDINGS WHERE THEY OWN AND DICTATE THEIR OWN AGENDA? I OWN MY BUILDING.
I'M COMING TO YOU AS A SMALL BUSINESS VERSUS I'M IN A STRIP CENTER.
BECAUSE THE POTENTIAL I BET IT'S 9/10, I WOULD GUESS MAYBE A STRIP CENTER IN THE STRIP OR THE AREA THAT WE'RE TALKING ABOUT AND THIS IS ANECDOTAL, BUT I WOULD PROBABLY SAY IT'S CLOSE TO 90% AS FAR AS WHO'S LEASING AS OPPOSED TO THEY OWN THE BUILDING. OKAY.
SO FOR EXAMPLE, LIKE I KNOW SACHSE PLAZA IS ONE OWNER.
I THINK KROGER IS ALL ONE OWNER.
I THINK FRANCIE OWNS HIS BUILDING.
THE REASON WHY I BROUGHT THE QUESTION UP IS BECAUSE IF WE'RE GOING TO TALK ABOUT WHO CAN COME BASED ON THEM BEING IN A STRIP CENTER OR WHATEVER, IF 90% OF THE BUSINESSES ARE IN A STRIP CENTER OWNED BY SOMEBODY ELSE, I DON'T KNOW HOW IN THE WORLD WE WOULD FEEL COMFORTABLE IN PUTTING A LIMITATION ON THE IF TWO PEOPLE CAME INTO THE STRIP CENTER.
I OWN MY OWN BUILDING WHERE I'M IN MY OWN BUILDING.
90% OF THE BUSINESSES THAT ARE SMALL OWNERS, SMALL BUSINESS OWNERS ARE GOING TO BE IN STRIP CENTERS.
SO TO LIMIT THE NUMBER THAT COMES FROM A STRIP CENTER, ONE OWNER MAY NOT.
[01:10:01]
I THINK WE SHOULD KICK THIS BACK TO JARED.I THINK WE'RE GOING DOWN A RABBIT HOLE TONIGHT.
LET'S KICK THIS BACK TO JARED AND LET HIM DO MORE RESEARCH.
WELL, I THINK IT'S ARE WE TRYING TO INCENT SMALL BUSINESS AND HELP INCREASE REVENUES ULTIMATELY SO THAT THERE'S A BIGGER TAX BASE? IS THAT WHAT WE'RE TRYING TO DO OR IS IT HELPING TO BETTER THE INFRASTRUCTURE ALONG THE 78 CORRIDOR? I THINK THAT'S KIND OF KEY HERE BECAUSE I GUESS, AGAIN, WHEN I WALKED AWAY FROM THE LAST MEETING, IT WAS LIKE, HEY, REALLY, WE WANT TO TRY TO DO SOMETHING TO HELP BUSINESS AND SACHSE HELPING A LEASE, YOU KNOW, SOMEBODY WHO OWNS A LEASE BUILDING, TO ME, THAT'S GOING TO HELP THEM WITH THEIR, YOU KNOW, IMPROVING THEIR CAPITAL.
BUT WE CAN'T DO ANYTHING ABOUT THE MATH.
IF 90% OF THE BUSINESSES IN THE CITY ARE IN A STRIP CENTER.
THAT'S MY POINT. SO WE CAN'T IT DOESN'T SEEM RIGHT TO TRY TO LIMIT ONE.
HERE'S A STRIP CENTER THAT'S GOT 12 BUSINESSES IN IT TO LIMIT THAT IT CAN ONLY HAVE ONE.
AS I THINK ABOUT THAT, THAT DOESN'T I DON'T KNOW HOW ALSO TO POINT I MEAN I GUESS TO ADD TO WHAT YOU'RE SAYING, REGARDLESS BECAUSE WE'RE TYPEKIT CORPORATION, WE CAN'T DO ANYTHING SPECIFICALLY TO BUY A SMALL BUSINESS OWNER OR LET'S DO A FACELIFT TO THEIR BUSINESS AND GET THEM NEW CHAIRS.
YOU KNOW, WE DO PAINTING, OKAY, FLOORS ARE POSSIBLY ADDED, BUT WE CAN'T DO A LOT OF THE THINGS THAT YOU MIGHT BE STATING TO HELP THE SMALL BUSINESS OWNER, BUT WITH HOPEFULLY WHAT THE GRANT CAN DO FOR TYPE B, IT MIGHT AFFORD THEM THE FUNDS TO BE ABLE TO DO THE OTHER THINGS WE CAN'T DO.
SO WE'LL CHOOSE A RESTAURANT BECAUSE IT'S EASY.
I KNOW. BUT SO IN WHAT WE'RE SAYING HERE IS IF YOU HAD A RESTAURANT THAT WANTED TO DO SOME REMODELING INSIDE SO THAT IT MAXIMIZED THE USE OF, SAY, THEIR BARS AND THEN HOW THEY CAN SEAT PEOPLE AND EVERYTHING.
SO THAT WOULD CHANGE HOW THAT LOOKS ON THE INSIDE.
I'M NOT TALKING ABOUT TABLES AND CHAIRS AND BAR STOOLS.
HERE, WHICH COULD ACTUALLY THAT WOULD HELP THEM BRING IN MORE PEOPLE, GENERATE MORE REVENUE.
WITH THE WAY THIS IS SITTING HERE AND WHERE EVERYONE'S AT, IT WAS LIKE, WELL, YOU WOULDN'T DO THAT.
LIKE IF YOU HAD A RETAIL STORE AND THEN YOU NEEDED TO DO THINGS THAT WOULD HELP YOU TO HAVE MORE PRODUCT IN THERE OR HOW YOU HAD IT ARRANGED OR WHATEVER THAT WAS NEEDED TO BRING IN MORE BUSINESS.
AND IT'S WHAT I'M HEARING IS THAT'S NOT SOMETHING THAT WE WOULD WANT TO DO WITH THIS GRANT PROGRAM.
I DON'T HAVE A PROBLEM WITH THE INTERIOR SO MUCH.
AGAIN, AS LONG AS YOU CAN PRESENT A BUSINESS CASE TO US OR TO STAFF IN THIS CASE.
BUT SO BUT IF THERE'S A TRUE BUSINESS CASE.
YEAH. FIXING SOMEBODY'S PARKING LOT.
IF YOU'RE LOOKING AT THAT FROM, IS THAT GOING TO INCREASE REVENUES? BUT THE PARKING LOT WOULD BE THE OWNER'S RESPONSIBILITY.
AGAIN, IF 90% OF OUR BUSINESSES ARE IN STRIP CENTERS, WE CAN'T ESCAPE THAT MATH.
IF ONLY AND I KNOW WE'RE ANECDOTALLY TALKING HERE, 9010, BUT THE CHANCES OF A COUPLE OF BUSINESSES FROM A STRIP CENTER COMING ARE HIGHLY POSSIBLE, A COUPLE OF BUSINESSES. AND THAT MEANS THAT PARKING LOT IS THE OWNER.
THAT'S THE PERSON WHO OWNS THAT BUILDING.
THAT STRIP CENTER, THAT PARKING LOT IS THEIR RESPONSIBILITY.
IT WOULD HELP THE SMALL BUSINESS.
SO AND SO I THINK WITH THAT MADE MY CASE ON IT, I THINK IT JUST COMES DOWN TO ULTIMATELY WHAT IS OUR WHAT IS THE GOAL, THE END GOAL OF HAVING THIS BUSINESS.
THIS IS A SMALL BUSINESS GRANT PROGRAM.
AND YOU KNOW WHAT WE INTEND TO SEE FROM THAT.
AND IF IT'S TO HELP, IF IT HAS ANYTHING TO DO WITH HELPING SMALL BUSINESS, THEN TO ME THAT.
[01:15:02]
YOU KNOW, I DON'T SEE THAT WE'RE GOING TO GET A HUGE RETURN ON THAT.WHAT WE'RE GOING TO DO IS HELP PEOPLE WHO OWN BUILDINGS.
BUT THEN YOU WOULD HOPE THAT PARKING LOT THAT'S BEEN DONE.
HOPEFULLY IT'S NOT IN TOTAL DISARRAY, BUT YOU WOULD HOPE THAT THE RE PAINTING OF THE PARKING LOT OR REDESIGN OF THE PARKING LOT WOULD HELP ANY BUSINESS IN THAT STRIP CENTER, SO TO SPEAK. SO BUT THAT STILL HAS TO.
BE SOMETHING THAT WE COULD APPROVE UNDER A TYPE B CORPORATION.
CAN I MAKE A POINT HERE? I WAS THINKING ABOUT THIS AS, ARE YOU OKAY WITH ALL THE MONEY GOING TO ANY CALENDAR YEAR, GOING TO ONE BUILDING OR ONE STRIP CENTER OR ONE, YOU'RE OKAY WITH THAT? THEN CHANGE IT IF YOU WANT TO SPREAD IT OUT AT LEAST THIS FIRST YEAR, THEN DO IT THE OTHER WAY AND JUST DECIDE IF YOU'RE OKAY WITH THAT OR NOT.
YEAH. AND LET THE CHIPS FALL WHERE THEY MAY THE 1ST YEAR AND THEN WE'LL DEAL WITH THE NEXT YEAR.
BUT THAT'S REALLY THE DIFFERENCE BETWEEN THE TWO.
ONE ALLOWS ALL OF THAT IN ONE SPOT AND IF THAT'S FINE.
THE OTHER ONE SAYS, WELL, WE'RE GOING TO DO ONE HERE ONE HERE, ONE HERE.
CHOOSE YOUR POISON. DID WE WAS IT THAT 100,000? I CAN'T REMEMBER. WAS 100? YES.
100,000. SO ANOTHER OPTION IS BECAUSE I THINK, AGAIN, TO COMPLETELY DICHOTOMOUS THINGS, IF YOU JUST WENT WITH INFRASTRUCTURE OR YOU'RE TRYING TO HELP SMALL BUSINESSES, I MEAN, ADD A SMALL BUSINESS GRANT PROGRAM, $100,000, AND THEN THAT IS SOMETHING THAT IS OR ANY BUSINESS THAT'S TRYING TO DO SOMETHING TO, YOU KNOW, BETTER AND BETTER THEIR BUSINESS INCREASE REVENUES AND HAVE BUT THEN ESTABLISH THE SECOND, SECOND GRANT PROGRAM. THAT'S REALLY A SMALL BUSINESS GRANT PROGRAM, NOT JUST SOMETHING THAT IS LOOKING AT HOW DO YOU BETTER THE INFRASTRUCTURE ON 78, BUT THEN THAT CAN'T BE FROM THE EDC BECAUSE THE EDC CAN'T APPROVE ANY FUNDS.
THAT IS NOT WE CAN I MEAN, THERE'S STILL WE'VE JUST SAID THERE ARE THINGS THAT WOULD FALL UNDER THAT WOULD WORK, WHICH IS WHAT WE ASKED JARED ON, I GUESS THE INELIGIBLE TO LOOK AT RENOVATIONS THAT COULD FALL UNDER TYPE B AND MOVE THAT BACK TO ELIGIBLE PROJECTS.
THAT WAS A COMMENT. I THINK YOU TOOK THAT AS A NOTE.
YEAH, THIS IS WHAT I ENVISIONED TO BE.
IF ANYBODY WAS TO COME FORWARD TO US AND SAY, I WANT TO DO.
OUTSIDE OF A LOCAL BUSINESS GRANT PROGRAM, RIGHT? SO LIKE JUST RIGHT NOW, BECAUSE WE DON'T HAVE ONE IN PLACE.
WE BE ABLE TO DO THESE THINGS NOW? AND SO LOCAL BUSINESS GRANT PROGRAM IS JUST DEFINING A MORE SPECIFIC GEOGRAPHICAL AREA AND ADMINISTRATIVELY ALLOWING FOR US TO DISTRIBUTE THOSE FUNDS.
SO IT'S ALMOST JUST LIKE AN EXPEDITED INCENTIVE PROCESS, IF YOU THINK ABOUT IT THAT WAY.
WELL, OBVIOUSLY, WE'VE GOT IF I WERE TO THROW IN WHAT MY OPINION WAS, I'D SAY IT'S I'D RATHER GO TO MULTIPLE BUILDINGS THAN MULTIPLE TENANTS INSIDE OF A BUILDING FOR THE FIRST YEAR, JUST WITH MY EXPERIENCE WITH GRANTS AND OTHER ORGANIZATIONS.
IT'S AMAZING HOW CREATIVE PEOPLE GET TO MAKE SURE THEY GET WHAT THEY WANT.
AND I WOULDN'T PUT THAT PAST ANY BUSINESS, ANY BUILDING OWNER.
SO IF WE'RE TRYING TO HELP THE TENANTS, WE STILL CAN.
BUT LET'S SEE IF WE CAN SPREAD IT OUT ACROSS AND SEE WHAT WE GET.
IF WE'RE SO LUCKY AS TO HAVE 20 GRANT APPLICATIONS WE HAVE TO DIG THROUGH, THAT WOULD BE AMAZING.
TEN WOULD BE. YOU KNOW, I THINK IF WE GOT FIVE, WE MIGHT BE REALLY HAPPY HERE.
EXACTLY. SO I THINK IF, YOU KNOW, IF WE'RE NOT LOOKING FOR A VOTE ON THIS, BUT YOU KNOW WHERE I'M AT, TRY TO SPREAD IT OUT, WHERE IT CAN BE DONE AT THE TENANT LEVEL. BUT YOU BETTER BE ON YOUR YOU BETTER BE ON YOUR GAME TO GO GET ONE.
IF YOU'RE REALLY LOOKING FOR SOMETHING.
THE DRIVE THROUGH IS AN INTERESTING THAT'S AN INTERESTING EXAMPLE.
SHE WILL SAY IF I WANT THAT BUT THE OWNER DOESN'T WANT IT.
WELL THAT'S RIGHT. THAT'S SOMETHING THAT FITS.
BUT I NEED HELP TO GET IT DONE.
OKAY, GREAT. YOU GET IN FIRST, YOU GET IT.
BUT IF WE GET A NUMBER OF THEM FROM THE SAME BUILDING, WE FIND THAT.
OKAY, LOOK, THESE ARE THE ONLY PEOPLE REALLY INTERESTED, ALL RIGHT? WE CAN ADJUST. BUT RIGHT NOW, I'D LIKE TO SEE IT TO SPREAD OUT.
AND I. OTHERWISE THE REST OF THE STRUCTURE IN IT.
I PERSONALLY, I LIKE THE STRUCTURE OF IT.
[01:20:01]
I DON'T THINK WE WANT TO BE THAT EXPLICIT THAT NOTHING INTERIOR.I DON'T THINK THAT'S I THINK A BUSINESS CASE THAT FITS WHAT WE'RE ALLOWED TO DO.
AND THAT'S MY FINAL $0.02 FOR WHAT IT'S WORTH.
ANY OTHER COMMENTS QUESTIONS BEFORE I OPEN IT UP TO PUBLIC COMMENT? WE DO HAVE A COMMENT CARD FROM ANY.
SORRY, DID I GIVE ENOUGH TIME HERE? OKAY. MR. HOBBS, DO YOU HAVE A PUBLIC COMMENT FORM FOR ITEM D TWO, WHICH IS WHAT WE'RE DOING NOW? GOOD. OKAY.
OH, I'M SORRY. YOU GOT MORE? GO AHEAD. JUST REAL QUICK REGARDING THAT.
SO IT SOUNDS LIKE WE'RE NOT VOTING TONIGHT, BUT ONE BUSINESS OWNER PER.
UNTIL THE SITE ONE TENANT PER SITE FOR TENANTS AND ONE LIKE YOU PRESENTED IT.
BUT JUST IF YOU JUST WANT TO PAINT YOUR WALL.
THAT MIGHT NOT MEET. SO I THINK I'M CLEAR.
AM I MISSING ANYTHING ON YOUR.
BECAUSE YOU WERE TALKING ABOUT THE INTERIOR STUFF.
DOES THAT KIND OF CAPTURE, I SUPPOSE I MEAN, I'M JUST.
THINKING OUT LOUD HERE AND AGAIN, TO ME IT SEEMS LIKE.
I'M FINE WITH THE WAY THIS GOES.
IT'S NOT I DON'T SEE IT AS SOMETHING THAT'S HELPING SMALL BUSINESS.
IT'S IT MAYBE IT'S HELPING THINGS LOOK BETTER ON 78, WHICH IS NOT AGAINST EITHER, BUT IT'S NOT SOMETHING THAT'S HELPING SMALL BUSINESS. I DON'T SEE THAT WITH THE WAY THAT WE'LL STRUCTURE IT HERE.
SO I'VE GOT A QUESTION WITH REGARDS TO TIMING.
YOU TALKED ABOUT WE CAN THIS IS A LIVING DOCUMENT, IF YOU WILL, BUT IF WE FIND THAT WE'RE NOT GETTING ANY TRACTION, ANY INTEREST, BUT WE BECAUSE OF INPUT FEEDBACK THAT WE HAVE COMING FROM SMALL BUSINESS OWNERS, HOW QUICKLY COULD WE CHANGE AND ADJUST? I THINK WE CAN CERTAINLY MY MAYBE RECOMMENDATION WOULD BE TO GIVE IT A YEAR.
I THINK JUST KIND OF TO SEE HOW IT GOES.
I MEAN, WE MIGHT GET AGAIN, KIND OF GOING BACK TO WHAT I SAID LAST TIME, I THINK IT'S GOING TO BE HARD TO GIVE AWAY THE MONEY IN THE FIRST YEAR REGARDLESS, RIGHT? SO IF THERE'S JUST IF WE'RE JUST SEEING IF WE'RE INUNDATED WITH EVERY TENANT IN OAK GROVE PLAZA AND SACHSE PLAZA AND PERHAPS WE BRING IT BACK MID-YEAR BUDGET AMENDMENT, WE ADD TO THE PROGRAM, WE PASS A DIFFERENT RESOLUTION UPDATING THE APPROVED LOCAL BUSINESS GRANT PROGRAM.
I THINK THOSE THINGS ARE CERTAINLY ON THE TABLE.
AND IF IT'S NOT WORKING FOR THEM, IT'S NOT BEAUTIFYING AND ENHANCING AND ADDING TO 78 AS WE INTENDED, THEN MAYBE IT'S WORTH ANOTHER DISCUSSION.
OKAY. ANYTHING WE ADD OAK GROVE, KROGER, I THINK.
I DON'T KNOW IF WE'RE ALL IN. YOU ADD THAT INTO IT.
THAT'D BE MY OPINION TOO. I DON'T KNOW IF WE SAID THAT.
THE BOUNDARY. I THINK YOU NEED TO KNOW ABOUT THINGS, BUT I THINK IF YOU HAD THAT.
HERE'S THE END GOAL OF WHAT THIS PROGRAM WILL DO.
AND ANYTHING, IF THERE IS A RETURN THAT WE'RE WE WOULD BE SEEING FROM THAT THAT WE THAT'S SOMETHING THAT PACKAGE UP ON THE PROGRAM. SO IF WE'RE SAYING, HEY, WE'RE DOING THINGS TO HELP.
WHAT IS THE INTENTION OF IT? SO THAT WOULD BE MY COMMENT.
AND IT'S EASIER HERE BECAUSE NOW YOU'RE JUST GOING TO, WHAT, MAYBE EIGHT PEOPLE.
BECAUSE OF WHO OWNS THE BUILDINGS, RIGHT? SO IN THAT SENSE, THAT SIMPLIFIES IT BECAUSE NOW YOU GO TO THAT OWNER AS OPPOSED TO THE 60 OR 70 BUSINESSES, THEN ONE PIECE THAT IS NOT PART OF THIS THAT I THINK NEEDS TO BE DISCUSSED IS WHEN BUSINESSES DO A PROJECT, WHETHER IT BE EXTERIOR OR INTERIOR, THEY'VE AUGMENTED THEIR BUSINESS SOME KIND OF WAY.
THEY REALLY NEED TO MARKET THAT.
[01:25:04]
NOW AN OPEN BAR, WHATEVER IT IS THAT YOU'VE DONE TO INCREASE YOUR BUSINESS.SO I THINK THAT PART OF THE STAFF'S RESPONSIBILITY AND NOT NECESSARILY PART OF THIS PLAN OR MAYBE IT IS PART OF THIS PLAN IS TO ACTUALLY EMPHASIZE THAT THEY NEED TO MARKET THEIR BUSINESS.
AND MAYBE WE I DON'T KNOW, CAN WE MAKE THAT PART OF THE DEAL THAT THEY MARKET THIS, WHAT THEY'VE DONE? BECAUSE AGAIN, IF YOU DON'T HAVE ANY EYEBALLS, NOBODY'S COMING IN NO BUTTS AND SEATS.
YOU JUST DID A WHOLE INTERIOR DEAL AND NOBODY'S GOING TO SEE IT FOR A FUTURE AGENDA.
LET'S MAKE A NOTE OF THAT, BECAUSE I THINK THAT'S WORTH TALKING ABOUT.
OKAY. ANY OTHER QUESTIONS ON ITEM D? TWO STATEMENTS.
ANYBODY WANTS TO SAY ANYTHING WHATSOEVER.
[2. Discuss and consider approval of the proposed local business grant program.]
[3. Consider the Sachse Economic Development Corporation FY 2023-2024 Budget.]
OKAY. IS THAT OKAY.SO IT SHOULD BE PRETTY QUICK PRESENTATION.
WE TALKED ABOUT A LOT OF THIS LAST TIME.
WE WILL TAKE ACTION ON THIS AT THE AUGUST MEETING JUST AGAIN, TO BE AS PRUDENT AS POSSIBLE RELATIVE TO WHATEVER CHANGES COULD POTENTIALLY COME DOWN.
BUT I DID WANT TO UPDATE THE GROUP ON KIND OF WHERE WE'RE AT TODAY.
SO WE'LL REQUEST THE ACTION NEXT TIME.
SO THIS SLIDE LAST TIME WAS A LITTLE BIT MORE CONVOLUTED BECAUSE A PACKET WENT OUT AND WE MADE SOME EDITS AND THEN WE WERE TALKING ABOUT THE EDITS FROM THE TIME THAT THE PACKET WENT OUT.
SO THIS IS THE FY 2024 PROJECTION IS THE WHERE WE'RE AT RIGHT NOW.
NO EDITS HAVE BEEN MADE SINCE THE PACKET WENT OUT SIMILAR.
LANGUAGE HERE RELATIVE TO IF WE REMOVE BECAUSE AGAIN, YOU LOOK AT EXPENDITURES, IF YOU REMOVE THE COST OF THE CONVEYANCE OF THE FIFTH STREET PROPERTY FROM THE EDC TO THE CITY, THAT MAKES OUR EXPENDITURES MUCH DIFFERENT BECAUSE THAT $704,000 ESSENTIALLY COST OF THAT TRANSFER SHOWS UP AS AN EXPENSE.
SO WE WOULD BE AT 337,000 FOR ACTIVITY.
I ELIMINATED SOME OF THE STUFF THAT WE ALREADY KIND OF GOT FEEDBACK ON.
BUT REALLY, THE MAIN POINT HERE IS TO TALK ABOUT A COUPLE OF THINGS.
SO SOFTWARE, AGAIN, WE NOW SHOW THE CHANGE THERE IN JUNE FROM JUNE IS RELATED TO WE GOT MORE ACCURATE COSTS FOR THE ADOBE CREATIVE CLOUD SEATS AND WE ADDED TWO.
SO DENISE AND I WOULD EACH BE HAVING A SEAT TO THE CREATIVE CLOUD.
SO THAT'S PART OF WHY THAT AMOUNT WENT UP.
SO AGAIN, WE WILL NOT PAY THE VENDOR UNTIL WE'VE RECEIVED OUR WEBSITE.
SO REQUESTING $15,000 FOR ECONOMIC DEVELOPMENT VIDEO.
IN FY 2024, AND THEN WE WOULD PAY HALF OF THAT OUT OF THE FY 2023 BUDGET.
SO SIMILARLY TO HOW WE HANDLED THE WEBSITE PIECE, WE KIND OF BIFURCATED IT INTO TWO FISCAL YEARS.
WE DID. WE DISCUSSED THIS, BUT.
THE 10,000 ADDED FOR BUSINESS ATTRACTION TYPE TRIPS.
AND THEN THE COST OF ONE OF MY CERTIFICATION MAINTENANCE THINGS WENT DOWN FROM WHAT WAS PRESENTED.
SO KIND OF NOMINAL CHARGE, BUT JUST TO SAY WE HAD SHOWN THAT.
SO ADVERTISING AND LEGAL PUBLICATIONS, AGAIN, ECONOMIC DEVELOPMENT VIDEOS, THE LAST TIME WE TALKED ABOUT THIS AS AN FY 2024 REQUEST AT $30,000 AND WE HAVE BEEN TALKING WITH THE VENDOR.
[01:30:03]
RIGHT? LIKE LABOR MATERIALS, EVERYBODY'S SEEING THE SAME IMPACTS.AND SO I DID WANT TO PROVIDE A LITTLE BIT OF ADDITIONAL INFORMATION.
SO THE ANSWER IS SORT OF RIGHT.
THERE'S GOING TO BE A COST TO MAKE THE EDITS AND VIDEO.
THERE'S ALL KINDS OF TECHNOLOGY REASONS WHY THEY'RE GOING INTO DIFFERENT SCENES.
AND IF YOU WANTED TO CHANGE TEXT, YOU GET A LITTLE BIT OF A DISCOUNT.
IF YOU'VE PAID FOR THE WHOLE VIDEO AND THEN YOU HAVE AN EDIT TO LIKE AN ANIMATION OR SOMETHING, YOU ESSENTIALLY PAY HALF OF WHAT YOU WOULD HAVE PAID AT FULL PRICE. SO TO ANSWER THAT QUESTION, EDITS CAN BE MADE, BUT MY KIND OF THINKING RELATIVE TO OBVIOUSLY STUFF IS GOING TO CHANGE ON THE GROUND IN SACHSE IN TWO YEARS, RIGHT? SO AND WHEN WE WERE TALKING TO THE VIDEO FOLKS, THEY WERE SAYING WE CAN FILM THIS, WE CAN PUT THIS TOGETHER IN A WAY THAT EXTENDS ITS LIFE AS LONG AS POSSIBLE.
EVERY CITY HAS DIFFERENT BUDGETS.
SOME MIGHT BE ABLE TO UPDATE THEIR VIDEO EVERY YEAR OR EVERY SIX MONTHS, WHATEVER.
RIGHT. SO PERHAPS INSTEAD OF SAYING.
REFERRING TO SOME VERY SPECIFIC PARCEL, SOME VERY SPECIFIC TRACT AND SAYING FIVE ACRES HERE.
IT'S MORE LIKE ACREAGE AVAILABLE.
RIGHT. THE WAY THAT THEY SHOOT THE VIDEO, THE WAY THEY TAKE THE PICTURES, GET THE ANIMATIONS AND THINGS, STUFF LIKE THAT, WE COULD KIND OF TELL THEM ON THE FRONT END, LOOK, YOU KNOW, WE'RE A SMALLER ORGANIZATION.
THIS IS IMPORTANT TO US, BUT WE CAN'T.
DO THIS EVERY YEAR, RIGHT? SO KIND OF THINK ABOUT THAT.
AGAIN, I'VE INCLUDED SOME STILL IMAGES FROM THE ONE.
WE WON'T SIT THROUGH THAT AGAIN TONIGHT, BUT OF COURSE WOULD GET THE VIDEO FILMING IN 15 DIFFERENT LOCATIONS, MOTION GRAPHICS, ANIMATED TEXT, A TWO PHASE MAP.
RIGHT? SO THAT'S ALL OF THE WORK THAT THEY'RE DOING IS DIFFERENT LEVELS OF DESIGN, RIGHT? SO A TWO PHASE MAP WOULD SHOW KIND OF WHERE WE'RE AT IN TEXAS AND THEN WHERE WE'RE AT MORE REGIONALLY, RIGHT? A 3D ANIMATED MAP SCENES.
SO THINGS LIKE IF YOU LOOK ON THE STILL IMAGES HERE, YOU CAN KIND OF SEE LIKE WHETHER IT'S TEXT THAT APPEARS ON THE SCREEN AND IT'S 3D AND IT KIND OF MOVES WITH THE VIDEO AS OPPOSED TO JUST STATIC TEXT, SOCIAL MEDIA CLIPS AND LOOPS.
THIS IS KIND OF A NEAT DEAL, RIGHT? SO THEY'RE CREATING THESE VIDEOS AND ONE THING THAT THEY CAN DO IS ESSENTIALLY CUT IT INTO DIFFERENT SEGMENTS.
AND SO LET'S SAY WE WANTED TO HIGHLIGHT JUST QUALITY QUALITY OF LIFE IN SACHSE.
THEY'VE GOT A 15 MINUTE CLIP OR WHATEVER.
ALL THE FOOTAGE, ALL THE PICTURES, EVERYTHING THAT THEY PUT TOGETHER ABOUT QUALITY OF LIFE STUFF, THEY COULD GIVE US A SOCIAL MEDIA CLIP AND THEY'RE THINKING ABOUT THIS STUFF ALL THE TIME. AND SO THEY WERE EXPLAINING, WE MAKE IT THIS LONG SO THAT ON SOCIAL MEDIA IT IMMEDIATELY LOOPS BACK AND ALL THIS STUFF, RIGHT? BANNER VIDEO FOR THE WEBSITE.
AGAIN, THEY'RE GOING AND THEY'RE GETTING ALL OF THIS FOOTAGE, ALL OF THIS FILM.
THEY WOULD BE ABLE TO HAVE A BANNER VIDEO THAT SORT OF YOU COME TO OUR WEBSITE AND YOU IMMEDIATELY ARE SEEING AERIAL FOOTAGE AND DRONE FOOTAGE AND STUFF THAT THEY GOT PHOTOGRAPHS, HIGH RES IMAGES.
THIS IS SOMETHING THAT WE DO NOT HAVE A WHOLE LOT OF HIGH RES IMAGES OF BUSINESSES AND THINGS.
YOU MIGHT RECALL WE DID THE LOCAL BUSINESS GUIDE AND SO WE WENT OUT, WE GOT SOME NICE PICTURES OF SOME OF OUR BUSINESSES AND IT'S JUST REALLY NICE TO HAVE WHETHER IT'S SPECIFIC STRUCTURES OR PERHAPS EVEN GOING INTO SOME BUT GETTING THOSE IMAGES.
AND THEN WE WOULD HAVE THEM FOR OUR OWN USE DOWN THE ROAD.
AND THEN STILL IMAGES OF VIDEO SCENES AGAIN IF WE WANTED TO POST.
WHATEVER IMAGE ON LINKEDIN, IT'S LIKE WE HAVE THIS MUCH WORKFORCE OR THIS IS OUR PRIMARY TRADE AREA OR WHATEVER IT IS. AND SO THEY CERTAINLY WORK WITH US TO KIND OF.
WE TELL THEM WHAT WE WANT AND THEN THEY WORK WITH US TO HELP US GET THERE.
SO THAT'S JUST A LITTLE BIT MORE INFORMATION ABOUT THE VIDEO.
[01:35:02]
SO AGAIN, WHAT WE'RE ESSENTIALLY.PROPOSING IS FOR NEXT BUDGET YEAR, WE WOULD ASK FOR 15,000 AS OPPOSED TO 30, AND THEN WE WOULD GO AHEAD AND WE WOULD EXECUTE THIS CONTRACT NOW TO LOCK IN THE RATES.
THEY CAN GO AHEAD AND GET THE PROJECT STARTED.
SO THAT'S MORE ON THE ECONOMIC DEVELOPMENT VIDEO.
HAPPY TO ANSWER ANY QUESTIONS BEFORE MOVING ON.
AND THEN EMPLOYEE TRAINING, TRAVEL.
WE TALK ABOUT THAT PROFESSIONAL FEES.
WE TALKED ABOUT THE COMPREHENSIVE PLAN LAST TIME.
SO SIMILARLY TO THE VIDEO, WE SOMETHING WE HAVE BEEN TALKING WITH THIS VENDOR AND THEY BASICALLY OFFERED US A TRIAL TO USE THE PROGRAM IF WE SIGN UP FOR IT NOW AND THEN WE WOULD PAY FOR IT ESSENTIALLY NEXT FISCAL YEAR.
SO $10,000 FOR THE SITE SELECTION TOOL AND FOR THE SIMPLIFY PLUGIN, WHICH IS ESSENTIALLY GOING TO ENABLE SOMEBODY TO GO TO OUR WEBSITE VIEW AVAILABLE SITES, VIEW AVAILABLE PROPERTIES, KIND OF EMPOWER USERS TO GET A LOT OF INFORMATION, YOU KNOW, PULL DIFFERENT DEMOGRAPHIC INFORMATION JUST FROM THE WEBSITE. AND I THINK SOMETHING THAT WE'VE NEEDED FOR A LONG TIME.
SO AGAIN, TALKED ABOUT THAT LAST TIME.
BUT JUST AGAIN, WE'RE KIND OF TALKING ABOUT GOING AHEAD AND EXECUTING THAT CONTRACT NOW BECAUSE WE WOULD GET THE FREE TRIAL AND THEN THE ACTUAL FUNDING WOULD COME OUT OF THE NEXT FISCAL YEAR. DISCUSSION THIS EVENING.
AGAIN, IF THERE'S ANY COMMENTS, I'VE JUST REALLY KIND OF BLOWN THROUGH THE MAJOR STUFF.
AND THEN IT WOULD GO TO COUNCIL IN SEPTEMBER FOR THEIR.
ANY. QUESTIONS, COMMENTS ON YOUR 700,000.
GOING BACK TO THAT, THE BUDGET AND OR FINANCE DIRECTORS HERE.
THERE'S NO DEBT ON THAT, RIGHT? IT'S BOUGHT AND PAID FOR.
IT'S JUST AN ASSET ON THE BALANCE SHEET.
YEAH. SO WE'RE NOT SPENDING ANY CASH.
LIKE ONLY LIKE THE RETAINED PART OF THE EARNINGS FROM.
NO MONEY'S GOING OUT THE DOOR, I GUESS, ON THIS TRANSACTION.
OKAY. THE ASSET WAS ESSENTIALLY TRANSFERRED TO THE CITY.
ANY OTHER QUESTIONS FROM THE BOARD? MR. MCMURTRY, YOU'RE SITTING UP LIKE YOU'VE GOT A QUESTION.
I WAS ASSUMING ALL THE DIFFERENT THINGS FROM LEGAL TO COMPENSATION, ALL THAT STUFF.
THAT'S PRETTY WELL SET AND FLESHED OUT BY FINANCE AND THROUGH ALL YOUR DISCUSSIONS.
THE PARTS THAT WE HAVE TO LOOK AT ARE JUST WHAT YOU DISCUSSED IN TERMS OF VIDEO.
YES, SIR. SO THAT'S STILL I'M GLAD YOU BROUGHT THAT UP.
SO WE'RE STILL HAVING THOSE CONVERSATIONS ABOUT THAT SPECIFIC ITEM.
THERE'S NOT A DEFINITIVE ANSWER JUST YET ABOUT WHAT THAT AMOUNT WILL BE.
BUT KIND OF AGAIN, SAY IT AGAIN.
IT WOULD THEN ROLL BACK INTO THE EDC, RIGHT? SO I DON'T HAVE A PROBLEM WITH THE SOFTWARE AND THOSE KIND OF THINGS.
I TRUST YOU GUYS TO LOOK THROUGH IT.
AND YOU KNOW WHAT YOUR COSTS ARE FOR THAT.
I JUST WANTED TO SHOW YOU THE STUFF THAT HAD CHANGED.
THE ONLY THING THAT I DID NOT SEE THERE AND I CAN BE DONE IN THE PREVIOUS ONE IT OUTLINED EACH LINE ITEM THE DIFFERENT EVENTS ACTIVITIES THAT WE THOSE BUDGET. THAT'S THOSE JUST DIDN'T CHANGE.
THAT'S WHY IT'S NOT IN HERE. IS THAT RIGHT? YEAH, I HAVE THAT SLIDE.
I CAN PULL IT UP. BUT LAST TIME I'M OKAY YOU GUYS, THOSE ARE ALL THERE.
BUT THOSE HAVE BEEN TAKEN OUT.
THEY'RE GONE. SO THOSE ARE YOU STAYING THE SAME.
SO THERE'S NOTHING'S CHANGED, RIGHT? POSTAGE, THAT SORT OF POSTAGE AND WHATEVER EVENTS THAT WE SAID, HEY, THESE ARE SPORTS BECAUSE WE WANT TO LINE ITEM THOSE THINGS OUT VERSUS PUT THEM IN ONE BIG BLOCK.
[01:40:08]
AND PEOPLE SAY, WELL, WHAT IS THIS FROM? YEAH, THAT'S NOTHING HAS CHANGED.MR. KINSEY, YOU GOT A QUESTION? YOU LOOK LIKE YOU HAD A QUESTION.
THE SAME THING I DID TO SCOTT OVER HERE.
NO, NO. OKAY. I GUESS I'M GOOD WITH THE BUDGET.
I JUST WANT TO MAKE SURE I WAS UNDERSTANDING THE PREVIOUS APPROACHES.
LET'S JUST SAY WE DID FIND SOMETHING THAT WAS OFF IN OUR BUDGET.
WE FIND THAT. SO OUR BUDGET LIKE, I DON'T KNOW, MAYBE IF THERE WAS SOMETHING WE DISCOVERED IN MARKETING OR SOMETHING WHERE, HEY, WE NEED TO SPEND MORE MONEY ON THAT OR SPONSORING SOMETHING THAT WOULD BE ADDRESSED.
WE WOULDN'T JUST SAY, OH, IT'S NOT IN THE BUDGET.
NO, IT WOULD BE SOMETHING THAT WE STILL HAVE FLEXIBILITY.
THAT'S WHAT I WAS HEARING. YES, SIR.
SO LET'S SAY FOR THE SAKE OF EASY MATH, $1 MILLION BUDGET.
OBVIOUSLY, WE HAVE TO MEET STATE LAWS AND PURCHASING POLICY REQUIREMENTS AND SO FORTH.
BUT YEAH, WE JUST CAN'T EXCEED THAT ALLOCATION OF $1 MILLION.
SO WE TRY TO, FOR THE SAKE OF TRANSPARENCY, HIGHLIGHT TWO.
THE BEST THAT WE CAN ANTICIPATE EXPENDITURES AND PUT THINGS OUT THERE.
BUT CERTAINLY THINGS LIKE PINS AND THAT LEVEL OF SPECIFICITY WON'T NECESSARILY BE INCLUDED.
BUT. YEAH, WE GET APPROVAL FOR ESSENTIALLY AN AMOUNT NOT TO EXCEED.
OKAY. WELL, I'M GOOD WITH IT THEN, BECAUSE WE'RE I KNOW WE'RE NOT GOING TO GET INTO.
I JUST WANT TO MAKE SURE. ONE THING, THOUGH, THAT I WAS ASKING ABOUT AS FAR AS LOOKING AT OUR REVENUES AND, YOU KNOW, LIKE THE BUSINESS, WHAT BUSINESS IS REALLY ADDING TO THAT AND HAVING SOME OF THAT REPORTING.
SO WE HAVE A BETTER UNDERSTANDING OF, YOU KNOW, DEFINITELY WHERE WE MAY WANT TO LOOK AT INCENTIVES AND DIFFERENT THINGS I'M GATHERING THAT'S NOT GOING TO COME OUT OF THIS EXERCISE.
I'D REALLY LIKE TO MAKE SURE WE UNDERSTAND WHERE IS OUR REVENUE COMING FROM? WHERE ARE THE WHERE IS THE TAX STREAM, WHICH DOES EQUATE TO PARTICULAR BUSINESS OR INDUSTRY.
AND CURRENTLY WE HAVEN'T HAD TO PAY ANYTHING OUT, BUT THAT'S GOING TO HAPPEN.
AND IT'S NOT GOING TO BE PART OF THE BUDGET.
CERTAINLY. THE SALES TAX PRODUCERS, FOR EXAMPLE.
WE OBVIOUSLY WE CAN'T WE HAVE TO BE CAREFUL WITH THAT INFORMATION LIKE LEGALLY.
BUT I CAN TELL YOU, IN FACT, WHEN AT THE STATE OF THE CITY MEETINGS THAT WERE HELD LAST WITH THE CHAMBER WE PUT OUT THERE, THESE ARE THE FIVE HIGHEST PRODUCING TAX PAYERS AND TEN WE CAN WE CAN CERTAINLY GET THAT INFORMATION.
YOU KNOW, WE CERTAINLY DON'T WANT TO.
THIS IS WHAT THIS PERSON GENERATES OR WHATEVER LIKE THAT.
YES. ANY OTHER QUESTIONS? COMMENTS? MR. HULK HAS A COMMENT CARD ON ITEM D THREE.
[01:45:15]
AND MR. MCMURTRY'S THREE MINUTES.THE 220,000, BY THE WAY, THAT'S COMPREHENSIVE PLAN.
THAT'S THE PART WE DON'T OR PART OF.
COMPREHENSIVE PLAN. THAT WE DON'T KNOW EXACTLY YET.
THAT'S WE'RE WAITING FOR CITY COUNCIL TO COME BACK TO.
OKAY. BUT I DON'T KNOW ANY OTHER PIECE.
JUST FOR THE SAKE OF OF EXPLAINING THE TRANSFER OF PROPERTY.
SO IT SHOWED UP ON OUR BALANCE SHEET.
A DOLLAR VALUE ASSOCIATED WITH IT.
IT WAS REMOVED FROM THE ECONOMIC DEVELOPMENT CORPORATION'S ASSETS.
WE HAVE OUR ASSETS LISTED AND WE DIDN'T ACTUALLY HAVE A BALANCE SHEET ON THIS AGENDA.
WE WILL NEXT TIME FOR YOU ALL TO TAKE A LOOK AT.
BUT THAT AMOUNT THAT WAS IN THE EDC HAS SHIFTED AS AN ASSET OVER TO THE CITY SIDE, SO IT JUST WILL NOT SHOW UP AS AN ASSET IN OUR BALANCE SHEET. AND IF I REMEMBER CORRECTLY, IT'S NOT ALL OF THE PROPERTY ON FIFTH STREET, IT WAS JUST THAT LOWER CHUNK.
YES, MA'AM. 2.4 ACRES FROM ALEXANDER TO TAXI ROAD OR WHEREVER IT IS.
LAND ASSETS BECAUSE WE OWN BOONE BILLINGSLEY UP TO ALEXANDER, ESSENTIALLY BETWEEN SAKS AND FIFTH.
SO IF THAT HELPS CLARIFY WITH THAT IN MIND, THEN THAT WOULD BE THE DISCREPANCY.
IF YOU WERE LOOKING LIKE WE HAD $2 MILLION, 1.5 WAS MOVED OVER THERE, STILL HALF A MILLION.
YOU BE ABLE TO SEE THAT IN THE IF YOU WERE LOOKING AT.
YEAH. I MEAN, JUST AS FAR AS OUR BALANCE SHEET GOES, IT WAS THERE.
AND FROM A BUDGETING STANDPOINT, WHEN YOU LOOK AT OUR REVENUES AND EXPENDITURES AGAIN AND THIS I'M NOT AN ACCOUNTANT SO TALKING WITH OUR FINANCE TEAM IT WAS WE HAVE TO SHOW THIS AS AND SO THAT'S WHY IT SHOWS UP AS AN EXPENDITURE EVEN THOUGH WE DIDN'T.
IT'S KIND OF WEIRD. I'M NOT AGAIN, I'M NOT AN ACCOUNTANT, BUT THAT'S KIND OF THE.
OH, NO, I GET THAT THE NUMBERS HAD TO MOVE.
I JUST I GUESS TO THE POINT OF THAT, YOU HAD $2 MILLION SHOWING OVER HERE AND THEN YOU TOOK 1.5.
THEN YOU SHOULD BE ABLE TO RECONCILE BACK OR YEAH, BECAUSE THERE WOULD HAVE TO BE A NEGATIVE OR SOMETHING THAT WOULD SHOW WHY THERE WAS A LESSER AMOUNT IF IF THERE WAS NOT A LOSS. YEAH.
AND THAT'S WHAT WE THAT'S WHAT I WORKED WITH OUR ASSISTANT DIRECTOR OF FINANCE.
AGAIN THE DOLLAR VALUE COMING UP WITH A DOLLAR VALUE AND AGAIN SHOWS UP HERE AS AN EXPENDITURE SHOWS UP ON THE CITY SIDE NOW AND I'M SURE THAT OUR FINANCE TEAM COULD PROVIDE MUCH BETTER ACCOUNTING CONTEXT THAN I CAN.
YEAH, OUR ASSISTANT DIRECTOR IS MORE THE CPA EXPERT IN THIS, BUT FROM THE ACQUIRING OF THE PROPERTY, THE PARCEL IN QUESTION, THE MARKET VALUE AT THAT TIME, AS I UNDERSTAND, WAS BOOKED.
SO YOU HAVE A BOOK VALUE THAT EVER SINCE THAT PROPERTY WAS ACQUIRED HAS SHOWN IN YOUR BEGINNING FUND BALANCE ON YOUR BALANCE SHEET ALL SUMMED UP IN LAND. WHEN THE PROPERTY WAS THEN TRANSFERRED TO THE CITY, YOU HAD THAT 700 AND SOME ODD THOUSAND DOLLARS THAT NEEDED TO GET OFF OF THE BOOKS.
AND SO ANYTHING THAT WASN'T SHOWING UP IN REVENUE NEEDED TO SHOW UP AS AN EXPENSE IN A GRANT LINE TO THEN REMOVE THAT BEGINNING FUND BALANCE OUT OF YOUR ACCOUNT.
SO IT IS NOT REPRESENTATIVE OF THE MARKET VALUE.
IT IS SIMPLY REMOVING THE PREVIOUSLY STATED BOOK VALUE OFF OF YOUR BOOKS.
YOU'RE MAKING ME GO BACK TO COLLEGE.
ANY OTHER QUESTIONS OR COMMENTS? OKAY. MOVING ON TO EXECUTIVE SESSION ITEM E, THE 60 ECONOMIC DEVELOPMENT CORPORATION SHALL CONVENE INTO EXECUTIVE SESSION PURSUANT TO TEXAS
[E. Executive Session]
GOVERNMENT CODE.SECTION 551.087 DELIBERATION REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS.
[01:50:03]
MILES ROAD, AND FOR RETAIL OR COMMERCIAL BUSINESS PROJECTS SEEKING TO LOCATE WITHIN THE CITY OF SACHSE.NEXT ITEM TO EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE 551.087.
WE ARE AT WE WANT TO CALL IT 7:53 P.M.
THANK YOU.
* This transcript was compiled from uncorrected Closed Captioning.