Sep 19, 2024 Economic Development Corporation Meeting

[00:00:01]

GOOD TO GO. ALL RIGHT, THEN WE WILL CALL TO ORDER THE ECONOMIC DEVELOPMENT CORPORATION BOARD OF THE CITY OF SACHSE WILL HOLD ITS REGULAR MEETING ON THURSDAY, SEPTEMBER 19TH.

[A. Meeting Opening]

TO DISCUSS THE FOLLOWING ITEMS OF BUSINESS, AND WE'LL START WITH AN INVOCATION OF PLEDGE.

IF YOU'LL STAND AND JOIN ME IN THE PLEDGE OF ALLEGIANCE, AND THEN WE'LL DO INVOCATION RIGHT AFTERWARDS.

I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.

HONOR THE TEXAS FLAG, I PLEDGE ALLEGIANCE TO THEE, TEXAS, ONE STATE UNDER GOD, ONE AND INDIVISIBLE.

AND IF YOU'LL BOW YOUR HEADS FOR INVOCATION.

OUR DEAR FATHER IN HEAVEN, WE'RE GRATEFUL FOR THE OPPORTUNITY TO MEET HERE TODAY, AND GRATEFUL FOR THE TIME AND DEDICATION OF THE MEMBERS OF THIS BOARD.

WE'RE GRATEFUL FOR THIS WONDERFUL CITY THAT WE LIVE IN, AND FOR THE FIRST RESPONDERS, FOR THE CITIZENS AND FOR THE EMPLOYEES OF THE CITY THAT MAKE THIS SUCH A WONDERFUL PLACE TO RESIDE IN, TO WORK IN, AND TO HAVE RECREATION.

PLEASE BLESS US AS WE MEET TOGETHER THIS EVENING, THAT THAT WILL GUIDE US IN THE DECISIONS WE NEED TO MAKE TO HELP GROW AND IMPROVE SACHSE, AND TO MAKE IT AN EVEN BETTER PLACE WHERE PEOPLE WANT TO COME AND RESIDE AND RAISE FAMILIES.

AND THESE THINGS WE GIVE YOU THANKS FOR AND ASK YOU FOR IN NAME JESUS CHRIST, AMEN.

ITEM B PUBLIC COMMENT.

THE PUBLIC IS INVITED TO ADDRESS THE BOARD REGULARLY REGARDING ANY TOPIC NOT ALREADY ON THE AGENDA FOR ACTION OR PUBLIC HEARING.

COMMENTS REGARDING THIS CONSENT AGENDA OR ANY DISCUSSION ONLY ITEMS ON THE AGENDA MAY BE ADDRESSED DURING THIS PUBLIC COMMENT SECTION.

THE TIME LIMIT IS THREE MINUTES PER SPEAKER.

A PUBLIC COMMENT CARD SHOULD BE PRESENTED TO THE ACTING SECRETARY PRIOR TO THE MEETING.

ACCORDING TO THE TEXAS OPEN MEETINGS ACT, THE BOARD IS PROHIBITED FROM DISCUSSING ANY ITEM NOT POSTED ON THE AGENDA, BUT WILL TAKE COMMENTS UNDER ADVISEMENT.

I DO NOT HAVE ANY CARDS.

ANYONE IN THE PUBLIC? NOTHING ELECTRONICALLY.

THEN WE WILL CLOSE THE PUBLIC COMMENT.

ITEM C IS OUR CONSENT AGENDA.

[C. Consent Agenda]

THE BOARD WILL ACT UPON THESE ITEMS WITH ONE MOTION.

THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS A BOARD MEMBER REQUESTS THE ITEM BE REMOVED FROM THE CONSENT AGENDA.

IF YOU HAVE COMMENTS RELATED TO ITEMS ON THE CONSENT AGENDA, PLEASE ADDRESS THEM IN THE PUBLIC COMMENT SECTION OF THE MEETING.

ITEM C1 APPROVE THE AUGUST 15TH, 2024 MEETING MINUTES.

ITEM TWO ACCEPT THE MONTHLY REVENUE EXPENDITURE REPORT FOR THE PERIOD ENDING JULY 31ST, 2024 AND ITEM THREE ACCEPT THE QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDING JUNE 30TH, 2024.

SO I WILL ENTERTAIN A MOTION.

I MOTION TO APPROVE THE CONSENT AGENDA ONE THROUGH THREE AS IS.

I SECOND THAT MOTION.

I HAVE A MOTION AND I HAVE A SECOND.

ANY QUESTIONS OR DISCUSSION? OKAY. THERE WE GO.

THERE IT GOES. AND THAT MOTION PASSES UNANIMOUSLY, SIX ZERO.

THANK YOU VERY MUCH.

ITEM D1 A REGULAR AGENDA ITEMS RECEIVING REPORTS AND PRESENTATIONS BY THE SACHSE ECONOMIC DEVELOPMENT CORPORATION.

[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.]

OFFICE, INDUSTRIAL, COMMERCIAL OR RETAIL BUSINESS RETENTION AND MARKETING PROJECTS.

SO, MR. POTTS, I'LL TURN THE TIME TO YOU.

THANK YOU, MR. PRESIDENT.

IT'S GOOD TO SEE ALL OF YOU THIS EVENING.

JUST A QUICK UPDATE.

WE HAD THE FARMER'S MARKET LAST WEEKEND, AND THEN THE NEXT MARKET WILL BE OCTOBER 12TH.

CONNIE ROSSO WILL ACTUALLY BE IN ATTENDANCE AT THAT MARKET.

THEY'RE GOING TO BE BRINGING THEIR MOBILE PIZZA OVEN.

SO BE A VERY COOL OPPORTUNITY TO GO THE FARMER'S MARKET AGAIN.

I WENT THERE LAST TIME, ENJOY SOME PIZZA WHILE YOU SHOP.

AND AS YOU ALL KNOW, WE WE HAVE EXTENDED THE FARMER'S MARKET INTO 2025, SO THAT WILL BE CONTINUING WE'LL HAVE AN ANNOUNCEMENT HERE SOON KIND OF STATING WHICH MARKETS WILL BE PRESENT THIS REMAINING YEAR AS YOU MIGHT RECALL, IT WAS SET TO END IN OCTOBER. WE WILL LIKELY HAVE A NOVEMBER AND DECEMBER MARKET, TAKE SOME TIME OFF AND THEN RESTART AGAIN ON THE GROWING SEASON IS UPON US.

GREAT. SO WE'LL HAVE AN ANNOUNCEMENT ON THAT NOTE.

SHORTLY. UPCOMING EDC BOARD MEETINGS OCTOBER 17TH THROUGH NOVEMBER 21ST.

[00:05:02]

YOU'VE SEEN ANY OF THE PICTURES THIS IS A REALLY REMARKABLE PARK, AND IT'S GOING TO BE AN ANCHOR OF THE STATION.

I WAS ABLE TO WALK THE PARK AND IT IS REALLY SOMETHING.

SO BRING YOUR FAMILIES AND COME COME OUT TO THE GRAND OPENING OCTOBER 5TH, IT'S I BELIEVE, FROM 11 TO 1 P.M..

SO THIS WEEK, THE CITY COUNCIL ON MONDAY APPROVED THE FY 2025 BUDGET FOR THE CITY SO BY VIRTUE OF DOING THAT, THE ECONOMIC DEVELOPMENT CORPORATION.

BUDGET WAS ALSO APPROVED, SO OCTOBER 1ST IS THE BEGINNING OF THE NEXT FISCAL YEAR.

THERE WERE NO CHANGES TO OUR OUR BUDGET.

SO AS WE LAST PRESENTED IT IS HOW IT WAS APPROVED.

SO WE WILL GET STARTED.

ONE OF THE THINGS WE'LL DO KIND OF OUT THE GATE IS WE'LL GET THE THE NEW VEHICLE ORDERED AND AUCTIONED AUCTION OFF OUR CURRENT ONES.

SO THAT'S ONE OF THE THINGS WE'LL WE'LL TRY TO GET ON HERE FAIRLY SOON.

AS YOU'VE POSSIBLY SEEN THE COMPREHENSIVE PLAN COMMUNITY OPEN HOUSES THOSE WERE THIS, THE FIRST TWO OF FOUR WERE THIS WEEK.

AND WHAT WE'VE TRIED TO DO IS HAVE THEM AT DIFFERENT DATES AND TIMES TO ACCOMMODATE PEOPLE'S SCHEDULES.

SO WE HAD ONE FROM 4 TO 6 AND THEN ONE FROM 6 TO 8 THIS WEEK.

AND THEN NEXT WEEK IT'S THE SAME THING.

SO ON SEPTEMBER 18TH THERE WILL BE EXCUSE ME, SEPTEMBER 24TH THERE WILL BE AN OPEN HOUSE FROM 4 TO 6.

AND ON SEPTEMBER 25TH THERE WILL BE AN OPEN HOUSE FROM 6 TO 8.

AND THESE TAKE PLACE IN THE MICHAEL J.

FELIX COMMUNITY CENTER.

WE'VE HAD SOME GOOD PARTICIPATION IN THE IN THE MEETINGS THAT WERE THIS WEEK.

SO WE'LL CONTINUE THAT.

AND THEN JUST A QUICK NOTE ON THE ECONOMIC DEVELOPMENT STRATEGIC PLAN, TALKING A LITTLE BIT ABOUT THIS ITEM INTERNALLY, AND IT WAS SOMETHING THAT WE WE DISCUSSED AND THEN INCLUDED IN THE BUDGET THAT WAS ADOPTED.

SO WE HAD KICKED AROUND SOME DIFFERENT THINGS LIKE POTENTIALLY DOING A RFQ VERSUS GOING TO VENDORS DIRECTLY.

AND I THINK THAT THE THE DIRECTION THAT WE'LL PROBABLY END UP GOING WILL BE TO BEGIN TO PREPARE AN RFQ AND ACTUALLY GO THROUGH THE REQUEST FOR QUALIFICATIONS PROCESS, AND WE'LL TRY TO SYNC THAT UP KIND OF SIMILARLY TO LIKE WHAT WE DID WITH THE COMPREHENSIVE PLAN SCHEDULE.

SO WE HAD THE RFQ ISSUED IN JANUARY.

AND THEN WE SPENT SOME TIME REVIEWING THE PROPOSALS AND SCORING THEM, SETTING UP INTERVIEWS AND THEN SELECTING A CONSULTANT FEBRUARY MARCH TIME FRAME. THAT GETS US A LITTLE BIT FURTHER IN THE COMPREHENSIVE PLAN, CERTAINLY GETS US THROUGH THE HEAVY LIFT OF THE COMMUNITY ENGAGEMENT PIECE.

MY FEAR IS WE KIND OF STARTED THINKING ABOUT THIS MORE WAS I DIDN'T WANT ONE OF THE CONSULTANTS TO GO IN A DIRECTION.

I THINK THAT THE COMP PLAN SETS THE VISION, AND I WANT US TO BE PRETTY CLEAR ON ON THE INPUTS THAT ARE GOING INTO THAT, SO THAT THE CONSULTANT THAT WE CHOOSE FOR THE ECONOMIC DEVELOPMENT PLAN IS ABLE TO REALLY JUST KIND OF TAKE ALL THAT DATA AND USE IT TO TO GO FORWARD, BECAUSE THERE WILL BE SUCH A HEAVY ECONOMIC DEVELOPMENT COMPONENT, THE CORRIDOR STUDY AND DIFFERENT ANALYZES AND THINGS OF THAT SORT.

SO THAT'S THE DIRECTION THAT WE'LL BE GOING RELATIVE TO THE ECONOMIC DEVELOPMENT STRATEGIC PLAN.

SO MORE MORE TO COME ON THAT.

BUT WE'LL BE PREPARING AN RFQ, GETTING A HOPEFULLY A GOOD SAMPLING OF FOLKS INTERESTED.

WE'LL CERTAINLY PUT IT OUT THERE AND COMMUNICATE THAT.

I MEAN, ARE WE STILL HOPING THE PERSON THAT THE SAME COMPANY THAT DOES THE COMP PLAN ALSO DOES THE EDC STRATEGIC PLAN, OR IS THAT NOT POSSIBLE ANYMORE? NO, I THINK IT WILL PROBABLY BE, THEY'LL THEY'LL BE WILLING OR ABLE TO PUT THEIR NAME IN THE RING.

IT'S IT'S IT'S POSSIBLE THAT THEY, THEY PUT IN I GUESS MY QUESTION IS, HAVE THEY HAVE THEY SAID THEY'RE WILLING TO PUT IN A BID OR ARE THEY.

I MEAN, I DON'T KNOW HOW IT WORKS.

YEAH. NO. SO WE'VE THIS IS WE'RE KIND OF COMING TO YOU ALL WITH THIS, THIS UPDATE, I THINK WHENEVER WE WERE TALKING TO THE COMPREHENSIVE PLAN CONSULTANTS AND INITIALLY KIND OF ASKING THEM, WHAT DO YOU GUYS THINK ABOUT THIS TIMELINE AND DOVETAILING THESE TWO ITEMS, THEY WERE SAYING THAT THEY'D PROBABLY TAKE A THROW THEIR HATS IN THE RING IF WE WERE TO, TO GO DOWN THAT PATH.

I WILL SAY THAT PARTICULAR STAFF PERSON IS NO LONGER WITH THE FIRM THAT WE'RE WORKING WITH NOW.

NOT TO SAY THAT THEY STILL COULDN'T JUST SAYING.

IT JUST SEEMS LIKE IT WOULD SAVE A LOT OF WORK TO HAVE THE SAME PERSON.

ALMOST LIKE THEY COULD DO IT CHEAPER, BUT I DON'T KNOW OBVIOUSLY THEY'RE GOING TO PUT IT IN THEIR BID.

AND YEAH, I MEAN WE'LL EVALUATE LIKE I SAID, THE THE QUALIFICATIONS.

[00:10:03]

WELL, SOME ARE CONCERNED IS THE CURRENT THE ONES THAT ARE DOING THE COMPREHENSIVE PLAN.

DO THEY HAVE THAT SPECIALTY WITH ECONOMIC DEVELOPMENT? I'M NOT I DON'T KNOW IF WE'RE CONVINCED THAT THEY DO.

YEAH. THEY I MEAN, THEY EVEN HIRED A CONSULTANT, A SUB TO COME IN AND DO THE ANALYSIS FOR THE ECONOMIC DEVELOPMENT STUFF, IF YOU WILL, THE ECONOMIC DEVELOPMENT PORTION OF IT.

OH, REALLY? SO THEY DIDN'T.

[INAUDIBLE] YEAH.

AND WE AND WE KNEW THAT. SO WE'RE WORKING.

THEY'RE OBVIOUSLY GOING TO BE INVOLVED.

AND I DON'T KNOW THAT THAT'S THEIR FORTE, IF YOU WILL, THERE.

I THINK THEY COULD PROBABLY DO THE WORK, BUT WE JUST WOULD BE INTERESTED IN SEEING MAYBE THERE'S SOMEBODY WE'RE NOT THINKING ABOUT.

WELL, I THINK THAT GOES TO HIS POINT IS TO SAY, HEY, YES, THEY THROW THEIR HAT IN THE RING, BUT MAYBE IT DOESN'T SAVE US MONEY JUST TO SAY, HEY, WE GO WITH THEM, BECAUSE IF THAT'S NOT THEIR FORTE, I WANT TO SEE SOMEBODY ELSE THAT SAYS, NO, THIS IS MY FORTE.

I MEAN, YEAH, I GUESS THE RISK THAT YOU RUN IS THAT THEY'RE TWO DIFFERENT PLANS.

WELL, THAT'S TRUE, AND THAT'S WHY I THE TIMING ACTUALLY MAKES A LITTLE MORE SENSE TO ME THAN GET A LITTLE BIT FURTHER ALONG ON OUR COMPREHENSIVE PLAN TO SAY, HERE YOU'RE DOING THE ECONOMIC DEVELOPMENT ONE, BUT IT'S GOT TO WORK WITH THE CITY'S COMPREHENSIVE PLAN.

THAT'S I WANT THE THING THEY NEED TO WORK TOGETHER.

YOU GUYS NEED TO BE LOOKING AT AND CONTEMPLATING.

AND ONE OF THE THINGS WAS, IF YOU HAVEN'T STUDIED THE 2017 PLAN, LIKE THAT'S GOING TO BE A RED FLAG.

AND SO FOR THIS NEXT, WHOEVER COMES ON, IT'LL BE LIKE YOU'RE GOING TO NEED TO PLUG IN.

IN FACT, EVEN TALKING INTERNALLY, IT WAS SO WE WERE ABLE TO SELECT A CONSULTANT.

PERHAPS THEY'RE EVEN ABLE TO SIT IN ON SOME OF THE PUBLIC ENGAGEMENT PUBLIC MEETINGS THAT TAKE PLACE.

IF WE'RE ABLE TO, TO SYNC ALL OF THAT UP IN TIME AND KIND OF INVOLVE THEM EVEN IN THAT KIND OF THE END OF THIS PROCESS, JUST SO THAT THEY'RE VERY CLEAR ON DIRECTION. JARED QUICK QUESTION.

BEFORE WHILE WE'RE DOING THE FACT FINDING PORTION OF THE CITY'S OF THE COMPREHENSIVE PLAN.

ONCE THE AREAS ARE IDENTIFIED, YOUR GROUP, ANYONE IN THE CITY OR YOU GUYS HAVING AN INPUT TO SAY, YES, THIS IS THE RESULT WE WERE EXPECTING OR NO, WE ARE SURPRISED BEFORE THEY ACTUALLY START PUTTING IT TOGETHER AND GIVING US A FINAL WRITTEN PLAN.

SO THEY WILL GATHER THEIR THEIR INPUT AND THEN DO THE HEAVY.

THE HEAVY LIFT I THINK WOULD BE LIKE THE DATA ANALYSIS AND SYNTHESIZING ALL OF THE VARIOUS INPUTS.

LIKE, I THINK WE HAD OVER 350 SURVEYS A COUPLE OF WEEKS AGO.

IT COULD BE MORE NOW.

SO THEY'LL THEY'LL CAPTURE ALL OF THAT AND IT'LL BE MY MY ASSUMPTION IS THAT IT'LL BE KIND OF PRESENTED TO EDC AND COUNCIL AS LIKE HERE'S, HERE'S WHAT THE INPUT WAS.

AND THAT'S WHAT WE'LL USE TO SET THE STRATEGIC DIRECTION.

ULTIMATELY, IT'S A PLAN THAT WILL BE ADOPTED BY THE CITY COUNCIL.

THERE WILL BE OTHER OPPORTUNITIES FOR OPEN HOUSES WHEN THE RECOMMENDATIONS ARE MORE BAKED, THAT PEOPLE CAN SORT OF WEIGH IN ON AND SEE AND INTERACT WITH MORE DIRECTLY.

BUT YES SO IF I'M UNDERSTANDING THE QUESTION, I DON'T KNOW THAT I'VE ANSWERED.

PARTIALLY. I MEAN, MY MAIN REASON FOR ASKING IS JUST TO MAKE SURE THAT THE FACT FINDING PORTION OF WRITING THE COMPREHENSIVE PLAN ACTUALLY GIVES US, HOPEFULLY, THE FACTS THAT WE NEED AS A CITY.

YEAH. SO OR THESE AREAS WE'RE THINKING IS WE NEEDED HELP IN.

AND OF COURSE, ONCE THEY FOUND IT'S A PROBLEM, THIS IS THE SOLUTION THEY'RE OFFERING OR THE STRATEGIC, YOU KNOW, PLANS WE NEED TO TAKE TO ACHIEVE WHAT WE NEED TO ACHIEVE.

BUT MY SECOND PART OF ASKING ABOUT THAT IS WHEN IT COMES TO ECONOMIC DEVELOPMENT, WHICH IS IN BOTH PLANS.

I WONDER IF WHILE I WOULD WANT THE SAME COMPANY NOW, I'M THINKING ABOUT IT MORE, TO DO BOTH.

I WONDER IF A DIFFERENT PERSPECTIVE COMING IN FROM POSSIBLY A DIFFERENT COMPANY, IF IT ENDS UP BEING COULD OFFER MAYBE A DIFFERENT TYPE OF QUESTIONING OR A DIFFERENT KIND.

BUT ONCE THEY STUDIED, OF COURSE, THE 2017 PLAN AND OTHER THINGS THAT COULD UNCOVER POSSIBLY CERTAIN AREAS

[00:15:01]

YEAH, I THINK THAT'S A GREAT POINT AND SOMETHING WE WOULD WE WOULD-- WE WEREN'T EVEN THINKING OF, BUT BASED ON THE KIND OF QUESTIONS THEY ASKED AND THE WAY THEY WENT ABOUT THEIR FACT FINDING AND UNCOVERED A GREAT NEED THAT NOBODY WAS EVEN THINKING OF BECAUSE NOBODY EVER ASKED THAT QUESTION.

YEAH, I WAS SITTING IN ON ONE OF THE STAKEHOLDER MEETINGS THAT WE HELD.

AS YOU ALL KNOW, WE WE HAD A PGT 78 AND RELIGIOUS AND CIVIC GROUP AND I THE BY DESIGN STAFF WASN'T IN THOSE MEETINGS.

I WAS THERE FOR THE VERY BEGINNING OF THE HIGHWAY 78 ONE, JUST FOR A MOMENT.

AND SOME OF THE QUESTIONS THAT THEY WERE ASKING, I THOUGHT WERE VERY LIKE THOUGHTFUL AND THOUGHT PROVOKING QUESTIONS, SOMETHING THAT I MIGHT NOT HAVE THOUGHT OF.

AND SO I DO THINK THAT THERE'S CERTAINLY SOME VALUE TO YOUR POINT.

AND SOMEBODY COMING IN WITH THAT NUANCED PERSPECTIVE.

THAT'S THE ONLY THING SO YOU SAID IT'S JANUARY WE PUT OUT THE RFQ? YEAH. SO THAT'S KIND OF THE TIMELINE THAT WE'RE TENTATIVELY TRACKING WITH.

I THINK THAT SYNCS UP NICELY WITH WHERE WE'LL BE IN THE COMPREHENSIVE PLAN GIVES US TIME TO KIND OF INCORPORATE A DIFFERENT CONSULTANT AND SO FORTH.

OKAY. OKAY.

ANY OTHER QUESTIONS? ALL RIGHT. THAT'S ALL FOR THE STAFF REPORT.

RIGHT. I'LL MAKE SURE I'M NOT MISSING SOMETHING.

I JUST WANT TO MAKE SURE. ALL RIGHT.

OUR NEXT ITEM ON THE AGENDA IS [INAUDIBLE] IS EXECUTIVE SESSION.

SO IT IS 6:21 WE WILL ADJOURN TO EXECUTIVE SESSION.

[E. Executive Session]

ECONOMIC DEVELOPMENT. DELIBERATIONS TO CONSIDER ECONOMIC DEVELOPMENT INCENTIVES FOR BH INVESCO LLC FOR A PROJECT GENERALLY LOCATED ALONG BUNKER HILL ROAD AND MILES ROAD IN SACHSE, TEXAS AND ITEM E2 ECONOMIC DEVELOPMENT CORPORATION SHALL CONVENE AN EXECUTIVE SESSION PURSUANT TO THE SAME TEXAS GOVERNMENT CODE, SECTION 551.087, FOR DELIBERATIONS AND UPDATE REGARDING THE MIXED USE DEVELOPMENT OF THE FIFTH STREET DISTRICT PROJECT AND CONSIDERATION OF A MASTER DEVELOPMENT AGREEMENT FOR THE FIFTH STREET DISTRICT PROJECT.

SO WITH THAT, WE WILL ADJOURN TO EXECUTIVE SESSION 6:22 OFFICIAL.

ALL RIGHT. WE COME BACK TO ITEM F ACTION RESULTING FROM EXECUTIVE SESSION ITEM F1 TAKE ANY ACTION AS A RESULT OF EXECUTIVE SESSION.

[F. Action Resulting from Executive Session]

THERE IT IS RIGHT THERE. SO I'LL ENTERTAIN A MOTION FOR ITEM F1.

OKAY, SO I'LL MOVE A MOTION TO APPROVE THE ECONOMIC DEVELOPMENT AGREEMENT BETWEEN THE SACHSE ECONOMIC DEVELOPMENT CORPORATION AND BH INVESCO LLC, SUBSTANTIALLY IN THE FORM AS PRESENTED, AND AUTHORIZE THE EXECUTIVE DIRECTOR OF THE SACHSE ECONOMIC DEVELOPMENT CORPORATION TO EXECUTE THE AGREEMENT ON BEHALF OF THE SACHSE ECONOMIC DEVELOPMENT CORPORATION AND ANY AMENDMENTS THERETO.

SLOW MOTION.

WE HAVE A WE HAVE A MOTION.

DO I HAVE A SECOND? I SECOND THE MOTION.

OKAY. AND WE HAVE A SECOND.

ANY OTHER COMMENTS OR DISCUSSION? OTHERWISE LET'S WE'LL VOTE.

AND THE MOTION PASSES WITH ONE ABSTENTION.

ALL RIGHT. WITH THAT THE NEXT ITEM IS ITEM G ADJOURNMENT.

WE ARE ADJOURNED AT 8:50 P.M..

THANK YOU ALL VERY MUCH FOR YOUR TIME TODAY.

WE REALLY APPRECIATE IT.

* This transcript was compiled from uncorrected Closed Captioning.