Jun 25, 2026 Economic Development Corporation Meeting

[00:00:01]

ALL RIGHT. WELCOME TO THE ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING. TODAY IS THURSDAY,

[A. Meeting Opening]

WE'LL START IF YOU'LL PLEASE RISE AND JOIN ME IN THE INVOCATION AND PLEDGE OF ALLEGIANCE. I'LL LEAD US TODAY. OUR DEAR FATHER IN HEAVEN, WE ARE GRATEFUL FOR THE OPPORTUNITY TO MEET TOGETHER TODAY. WE'RE GRATEFUL FOR THE WONDERFUL CITY THAT WE LIVE IN AND FOR THE WONDERFUL COUNTRY WE LIVE IN, FOR THE FREEDOMS THAT WE HAVE. WE'RE GRATEFUL FOR THE BLESSINGS THAT WE ENJOY IN OUR HOMES AND IN OUR COMMUNITY.

PLEASE BLESS US THIS NIGHT THAT WE WILL BE ABLE TO DISCUSS OPENLY AND THOUGHTFULLY THE ITEMS ON OUR AGENDA AND THE ITEMS THAT WILL HELP THE CITY OF SACHSE CONTINUE TO GROW. PLEASE BLESS US TO BE MINDFUL OF THE CITIZENS AND THOSE THAT WORK AND LIVE AROUND SACHSE.

PLEASE BLESS OUR FIRST RESPONDERS AND THOSE THAT WORK IN OUR CITY.

PLEASE WATCH OVER THEM AND KEEP THEM SAFE. WE ARE INDEED GRATEFUL FOR THY WATCHFUL HAND OVER EACH ONE OF US AND THE THINGS THOU DOES FOR US EACH AND EVERY DAY.

WE SAY THESE THINGS IN THE NAME OF JESUS CHRIST. AMEN. IF YOU JOIN ME, THE PLEDGE OF ALLEGIANCE.

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.

THANK YOU ALL VERY MUCH. WE'LL MOVE TO ITEM B, OUR PUBLIC COMMENT.

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

COMMENTS REGARDING THE CONSENT AGENDA OR ANY DISCUSSION ITEMS ON THE AGENDA SHALL BE ADDRESSED DURING THE PUBLIC.

DURING THE PUBLIC COMMENT SECTION THE TIME LIMIT IS THREE MINUTES PER SPEAKER. A PUBLIC COMMENT CARD SHALL 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.

WILL TAKE COMMENTS UNDER ADVISEMENT. WOULD ANYBODY LIKE TO ADDRESS THE BOARD AT THIS TIME? DO YOU HAVE ANY CARDS ON THIS? NO. SEEING NONE.

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

[C. Consent Agenda]

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

I HAVE A MOTION FROM CHINELO. DO I HAVE A SECOND? I'LL SECOND IT. I HAVE A SECOND FROM ALAN. PLEASE CAST YOUR VOTE.

AND CHINELO'S WILL BE MANUAL. SO.

OH, SHE IS IN. OH, YOU DID IT FOR. YOU GUYS ARE WAY TOO SMART.

YOU GUYS ARE WAY TOO QUICK FOR ME. THAT PASSES UNANIMOUSLY.

THANK YOU VERY MUCH. WE'LL MOVE ON TO ITEM D, OUR ACTION ITEMS.

[1. Consider the Sachse Economic Development Corporation FY 2026-2027 Budget.]

PRESIDING OFFICER WILL INVITE COMMENTS BEFORE THE BOARD VOTES. COMMENT CARDS SHALL BE GIVEN TO THE SECRETARY PRIOR TO THE START OF THE MEETING, SO WE'LL DO ITEM D1. CONSIDER THE SACHSE ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR 2026 AND 2027 BUDGET.

JEROD, I'LL TURN THE TIME TO YOU. THANK YOU, MR. PRESIDENT. GOOD TO SEE EVERYBODY THIS EVENING.

THIS IS AN ACTION ITEM TONIGHT ON THE FY 2027 BUDGET.

WE'VE THIS IS THE THIRD TIME WE'VE DISCUSSED BUDGET IN SOME CAPACITY AT THE EDC LEVEL.

AND SO THE OUTLINE FOR THIS EVENING, IT'LL BE A FAIRLY BRIEF PRESENTATION, BUT WE'LL GET INTO SALES TAX COLLECTIONS CHANGES SINCE THE PREVIOUS DISCUSSION.

BUDGET OVERVIEW. AND THEN WE'LL TAKE ACTION. OF COURSE, IF YOU ALL HAVE QUESTIONS HERE FOR THAT.

SO WE SHOWED THIS SLIDE LAST TIME. SALES TAX COLLECTIONS CONTINUE TO GO UP A SLIGHT INCREASE FROM 2025 TO 2026. AND WHAT'S NICE ABOUT 2026 IS THE BUDGET, WHICH I'M GETTING AHEAD OF MYSELF, BUT WE ACTUALLY HAD TO REVISE

[00:05:06]

SO REALLY THE CHANGES FROM THE PREVIOUS DISCUSSION ARE FAIRLY MINIMAL.

AS I HAD MENTIONED WE DID REVISE THE SALES TAX REVENUE PROJECTION FOR NEXT FISCAL FROM 1.66 MILLION TO 1.7 MILLION. SO THAT'S AGAIN FOR NEXT FISCAL YEAR.

AND THEN WE REDUCTIONS TO THE TMRS CONTRIBUTIONS AND EMPLOYEE TRAINING ITEM AND SOFTWARE AND ALLOCATED OVERHEAD.

SO FOR SOME OF THESE ITEMS, THEY'RE SORT OF HR KIND OF PUTS THEM INTO THE BUDGET.

AND THEN THEY CAN CHANGE A LITTLE BIT BETWEEN WHAT'S PROPOSED INITIALLY AND KIND OF WHERE WE'RE AT NOW.

SO THOSE WERE REDUCED IN TERMS OF THOSE TMR CONTRIBUTE TMRS AND SO FORTH.

SO YOU CAN SEE THERE THAT THE REVENUES LESS EXPENDITURES.

IT'S VERY SIMILAR TO WHAT IT WAS ON 521, JUST A MINOR, A MINOR DIFFERENCE WHEN YOU FACTOR IN THE INCREASE TO SALES TAX AND THEN THE REDUCTION IN EXPENDITURES.

SO TO SHOW YOU ALL FOR FY 2027 REVENUES 1.95 MILLION.

YOU CAN SEE HOW THAT BREAKS DOWN. AGAIN THE SALES TAX HAS BEEN INCREASED TO 1.7 FOR NEXT FISCAL.

THE GISD GRANT OF COURSE AND THEN INTEREST INCOME AT $240,000.

THAT'S WHERE YOU GET THE 1.95 FROM AN EDC BALANCE STANDPOINT.

FUND BALANCE STANDPOINT, YOU CAN SEE AND THIS IS FROM THIS ITEM WAS IN OUR CONSENT AGENDA PACKET.

BUT THE BALANCE OF OUR FUND BALANCE IS ABOUT 6.68 MILLION.

AGAIN, THERE'S SOME LAG IN THE SALES TAX COLLECTIONS HERE.

BUT JUST TO GIVE YOU AN IDEA OF WHAT OUR FUND BALANCE IS, AND THEN AGAIN, THAT BOTTOM KIND OF ASTERISK, YOU CAN SEE THAT THE MOST RECENT SALES TAX PROJECTIONS FOR FY 2026, THIS CURRENT YEAR THAT WE'RE IN, ARE 1.636 MILLION. WHEREAS ORIGINALLY IT WAS 1.55.

SO NICE TO SEE THAT WE ARE OUTPERFORMING WHAT THOSE INITIAL PROJECTIONS WERE.

THE FINANCE TEAM WAS WAS CLOSE AND THEY DO A GREAT JOB.

BUT IT'S GREAT TO SEE US GO ABOVE WHAT WAS PROJECTED.

AGAIN, FROM A SUPPLEMENTAL STANDPOINT, THESE ARE NOT PART OF OUR PROPOSED BASE BUDGET.

SO THESE ARE SUPPLEMENTAL REQUESTS THAT GO BEFORE THE CITY COUNCIL.

SO WE WILL ESSENTIALLY ASK THE BOARD AS PART OF YOUR BUDGET APPROVAL PROCESS TO APPROVE THESE.

THE CITY MANAGER PASSES ALONG SUPPLEMENTAL REQUESTS TO THE CITY COUNCIL, AND SHE RANKS THEM AND PUTS THEM INTO AN ORDER.

AND SO THESE ARE HOURS THAT WE'RE INCLUDING. AND SO YOU CAN SEE THE CITY MANAGER'S ONE OF OUR PRIORITIES EACH YEAR IS COMPENSATION.

AND THEN BUSINESS RETENTION SPECIALIST AS WE GOT INTO PREVIOUSLY.

IN FACT, I THINK THE PAST COUPLE MEETINGS, WE TALKED ABOUT ADDING A THIRD FTE TO THE TEAM.

SO YOU CAN SEE THAT NET REQUEST INCLUDES THE YOU KNOW, THE FULL PACKAGE, IF YOU WILL BENEFITS, WAGES, SALARIES, ALL THAT. SO THE TOTAL SUPPLEMENTAL FUND IN OUR IN THE BUDGET FOR THIS YEAR'S $139,493.

JEROD YOU SAID THAT'S NOT IN THE BUDGET SPREADSHEET WE'VE GONE THROUGH.

CORRECT. WHY DON'T WE IS THAT JUST THE WAY THAT ADMINISTRATIVELY THEY DO IT? YEAH. SO YOU HAVE THE PROPOSED BASE BUDGET. AND SO MY NEXT MY NEXT SLIDE WILL ILLUSTRATE THAT A LITTLE BIT.

A LITTLE BIT CLEARER BUT CORRECT. LIKE IN THE WAGES THAT YOU SEE IN THAT LINE ITEM IN THE WORKSHEET, IT DOESN'T INCLUDE THIS THIRD POSITION OR THE COMPENSATION.

THAT'S JUST KIND OF HOW IT WORKS. IT HASN'T BEEN APPROVED.

IT'S KIND OF THIS SEPARATE SET OF REQUESTS THAT KIND OF HANG OUT EACH EACH YEAR.

THE CITY MANAGER ESSENTIALLY PRIORITIZES AND RANKS THEM, PRESENTS THEM TO COUNCIL SEPARATELY.

AND IF THEY'RE APPROVED, THEN THEY'RE INCLUDED INTO THE BUDGET.

GOOD QUESTION. I MAY HAVE BEEN READING WHILE YOU WERE TALKING ABOUT THIS, THE VARIOUS COMPENSATION.

WHAT'S THAT AGAIN, THE SO FOR COMPENSATION IT IS THE PROPOSED COST OF LIVING INCREASE, BASICALLY THE THE RAISES FOR EMPLOYEES. SO THIS IS THE FROM THE EDC FUND. THIS IS WHAT IS BEING PROPOSED IN TERMS OF THAT FOR US, FOR MY STAFF. SO YEAH, IT'S A COMPENSATION BASICALLY RAISES IS ESSENTIALLY WHAT THE VARIOUS IS.

[00:10:01]

SO FROM A BUDGET FUND BALANCE DRAWDOWN STANDPOINT, BECAUSE AGAIN, WE'RE TALKING ABOUT LARGE EXPENDITURES IN THE BUDGET AS WE'VE DISCUSSED. SO YOU SEE THE AVAILABLE FUND BALANCE THERE AT $6,682,000. THE FY 2027 BASE BUDGET REVENUES, LESS EXPENDITURES.

AND SO THAT'S $1,501,000. THIS INCLUDES THE TRANSFERS OUT FOR CAPITAL PROJECTS AND BUDGETED INCENTIVE PAYMENTS. AND THEN IF PERFORMANCE STANDARDS ARE MET.

AND SO AGAIN, WITH OUR INCENTIVES, WE BUDGET FOR THEM EACH YEAR.

SO IF YOU LOOK AT OUR BUDGET, IT'LL SAY INFRASTRUCTURE GRANTS.

THERE'S A NUMBER THERE. IT'S A RELATIVELY HIGH NUMBER BECAUSE WE DESPITE HAVING PERFORMANCE STANDARDS, WE JUST TRY TO ACCOUNT IN OUR BUDGETED FUNDS EACH YEAR FOR HAVING TO PAY OUT INCENTIVES.

AGAIN, IF THE DEVELOPER OR WHOEVER DOESN'T QUALIFY, THEY DON'T GET THEM. BUT WE STILL KIND OF TRY TO FACTOR THOSE IN.

SO YOU CAN SEE THE SUPPLEMENTAL REQUEST AMOUNT THERE.

AND SO IF ALL OF THE BASE BUDGETED AND SUPPLEMENTAL BUDGET REQUESTS INCLUDED IN OUR EDC BUDGET ARE FUNDED.

SO THAT INCLUDES THE INFRASTRUCTURE GRANTS, SUPPLEMENTALS EVERYTHING, WE WOULD DRAW DOWN THE FUND BALANCE TO $5,041,000 JUST TO KIND OF PROVIDE THAT ILLUSTRATION THERE.

SO AGAIN, WHENEVER WE TALK ABOUT SOME OF THE ITEMS IN OUR BUDGET, THERE'S $1 MILLION ITEM THAT'S A CAPITAL TRANSFER OUT.

WE'VE TALKED ABOUT THIS A FEW TIMES NOW, BUT SETTING MONEY ASIDE FOR FUTURE CAPITAL PROJECTS IN THE FIFTH STREET AREA, THE DRAINAGE AND THE PARKING. AND THEN AS WELL AS THE SACHSE ROAD RECONSTRUCTION PROJECT.

SO $1 MILLION IS BEING SET ASIDE FOR THAT, WHICH IS A FAIRLY LARGE CHUNK OF OUR BUDGET.

SO THAT IS THE PRESENTATION SLIDES THAT I HAVE FOR YOU ALL.

JUST REALLY WANTED TO FOCUS ON THE CHANGES. BUT IF YOU ALL HAVE ANY QUESTIONS FOR ME, WE NEED TO DIG IN AND DRILL DOWN MORE.

I'M HAPPY TO DO SO. IT'S COMPLETELY UP TO YOU ALL.

BUT THIS IS AN ACTION ITEM THIS EVENING. AND SO WE WILL BE REQUESTING A VOTE ON THE ITEM.

AND THEN AGAIN, AS I DO, JUST SHOWING THE BUDGET CALENDAR, THERE'S CURRENTLY OR I GUESS CONCURRENTLY, A BUDGET AND BURGERS EVENT. I BELIEVE THE MAYOR IS AT WHATABURGER RIGHT NOW ANSWERING QUESTIONS THAT RESIDENTS ARE WELCOME TO COME AND ASK ABOUT THE BUDGET PROCESS.

SO THAT'S HAPPENING RIGHT NOW. AND THEN AGAIN, YOU'LL SEE THE THE MULTIPLE REMAINING STEPS ONCE THIS GETS OUT OF THE EDC REALM, IT STILL WILL GO TO COUNCIL FOR THEIR PROCESS.

SO WITH THAT, I DO HAVE A QUESTION. YES, SIR.

SO WE SAY SO ON OUR SLIDE I THINK IT WAS SLIDE 123.

OH NO. GO UP SUPPLEMENTALS. NO IT'S ON THE CHANGES IN PREVIOUS BUDGET.

EXCUSE ME. THERE WE GO. SO I SEE WE HAVE REDUCTIONS RIGHT? YES, SIR. SO THE GOOD NEWS. WAS THERE ANY EXPENDITURES THAT INCREASED? NO. NO, WE DIDN'T HAVE ANY INCREASES. NO, IT WAS IT WAS WE TRIED TO VERY DELIBERATELY CALL ATTENTION TO THAT FOR YOU ALL.

AND SO BETWEEN WHAT WAS PRESENTED 5-21 AND TODAY THERE WERE NO INCREASES TO THE BASE BUDGET.

BUT WHAT YOU ARE SEEING NOW ARE THOSE SUPPLEMENTAL REQUESTS WHICH YOU WEREN'T SEEING LAST TIME.

OKAY. AT LEAST WITH THE COMPENSATION PIECE. I DO.

WELL, I DO HAVE A PUBLIC COMMENT CARD HERE, MR. HOBO. WOULD YOU LIKE TO COME UP AND COMMENT ON THIS ITEM HERE? ARE YOU ALL DONE? WE MAY HAVE OTHER DISCUSSION AFTERWARDS, BUT THIS IS YOUR CHANCE TO COME AND TALK.

MARTY HOBO, 5511 OAK RIDGE CIRCLE, SACHSE, TEXAS.

TOP OF THE HILL. PROFESSIONAL SERVICES. YOU HAVE $315,000.

IS THAT FOR THE SIGNS OR IS THAT SOME OTHER PROFESSIONAL SERVICES? IS THAT FOR THE DESIGN MANUAL? WHAT SORT OF ECONOMIC BENEFIT ARE Y'ALL LOOKING TO GET OUT OF THESE SIGNS? IS IT ALL SERVICES OVER HERE ON THE RIGHT. AND WHAT SORT OF RETURN ON INVESTMENT ARE YOU LOOKING FOR?

[00:15:03]

THAT'S JUST FOR YOUR INCENTIVE PAYMENTS. IF THEY ACTUALLY MEET IT.

AND THEN WE CAN JUST FOLLOW THE DRAW DOWNS AS THEY OCCUR.

THAT'S ALL I GOT. MR. PRESIDENT, I'M HAPPY TO TO RESPOND TO THOSE ITEMS. SO IF I MISSED ANYTHING, PLEASE LET ME KNOW. BUT FOR PROFESSIONAL SERVICES AND I'M JUST LOOKING HERE SO PARDON ME AS I FLIP THROUGH.

WE HAVE THE $200,000 OF THAT IS FOR THE WAYFINDING DESIGN AND IMPLEMENTATION GUIDE.

SO THAT IS NOT A CAPITAL TRANSFER OUT. THAT IS THE MONEY BEING SET ASIDE FOR THE PLANNING DOCUMENT ITSELF.

OTHER PROFESSIONAL SERVICES THERE, YOU KNOW, WE HAVE CONSULTING FEES, MARKETING, PHOTOGRAPHY, GRAPHIC DESIGN, STRATEGIC COMMUNICATIONS. AND THEN I MENTIONED THE WAYFINDING DESIGN GUIDE ECONOMIC BENEFIT IN ROI OF THE WAYFINDING SIGN SYSTEM PLAN. I'M SURE THAT WE, SOMETHING WE CAN, WE CAN CERTAINLY GET INTO MORE AS WE STUDY THAT.

I THINK IN SOME WAYS WITH THE WAYFINDING SIGN, THERE'S LIKE A QUALITY OF LIFE PIECE TO IT, AN ESTHETIC PIECE A PLACE MAKING PIECE. AND BY MAKING A PLACE MORE ATTRACTIVE PEOPLE HAVE MORE PRIDE OF WHERE THEY LIVE AND PRIDE OF OWNERSHIP AND IN TURN, HOPEFULLY WANT TO INVEST MORE INTO NOT ONLY THEIR PROPERTIES, BUT JUST THE CITY IN GENERAL.

SO IT'LL BE MORE TO COME ON THAT WE PLAN TO ISSUE A REQUEST FOR QUALIFICATIONS OR REQUEST FOR PROPOSALS.

WE HAVEN'T WRITTEN THAT YET. BUT MORE TO COME ON THE WAYFINDING PLAN AS FAR AS 5TH STREET DISTRICT, THAT INCLUDES A FEW DIFFERENT THINGS. SO WE HAVE THE PROPERTY MAINTENANCE PIECE GENERAL MAINTENANCE AND OPERATIONS.

YOU KNOW, FOR EXAMPLE, WE HAD TO DO SOME WORK.

OBVIOUSLY WE HAVE TO KEEP IT MOWED, BUT THEN TREE TRIMMING AND THINGS LIKE THAT.

WE ALSO HAVE THERE'S THE KIND OF CONCURRENT BLOCKS BETWEEN THE ROUNDABOUT AND WHERE THE ALL SUPS IS LOCATED.

BUT THEN WE ALSO HAVE THE PIECE ON THE OTHER SIDE OF SACHSE ROAD, AND IT'S A BIT MORE VEGETATED.

SO WE HAVE TO GO IN AND MAINTAIN THAT AND DO TREE TRIMMING AND THINGS LIKE THAT.

SO MAINTENANCE IS PART OF THAT. THERE'S ALSO SOME WE DID PLUG IN SOME FUNDING FOR POTENTIAL INFRASTRUCTURE RELATIVE TO THE POSSIBLE ACTIVATION EVENTS THAT WE WANT TO HAVE.

AGAIN, AS WE LOOK AT YOU KNOW, OBVIOUSLY WORKING TOWARDS RFQ, RFP FOR A DEVELOPER TO COME IN AND HELP US BUILD, WE DO THINK THAT THERE'S AN OPPORTUNITY FOR SOME SIMILAR TO LIKE THE FARMER'S MARKET, BUT SOME KIND OF POP UP ACTIVATIONS THAT WE MIGHT NEED JUST SOME ADDITIONAL INFRASTRUCTURE, SOME SIDEWALK INFRASTRUCTURE, POSSIBLY TO HELP US WITH THAT.

OR, YOU KNOW, MAYBE IT'S SOME TEMPORARY ASPHALT PARKING, WHATEVER IT MIGHT BE.

SO WE BUILD IN SOME FUNDING TO HELP SUPPORT THOSE ACTIVATION EVENTS AND AGAIN, LANDSCAPING THINGS OF THAT SORT AND THEN TRANSFERS OUT FOR THE CAPITAL PROJECTS WE HAVE. YES, THESE ARE TWO OF THEM ARE FOR 5TH STREET.

WE'VE GOT THE OLD TOWN DRAINAGE IMPROVEMENTS.

SO $400,000 BEING SET ASIDE FOR THAT PROJECT.

THERE'S ALREADY SOME ADDITIONAL FUNDING THAT'S BEEN SET ASIDE IN A PRIOR YEAR.

WE KNOW THAT THERE'S ADDITIONAL DRAINAGE ENHANCEMENTS THAT NEED TO BE DONE AS WELL AS SOME PARKING IMPROVEMENTS.

AND SO THAT'S, A PROJECT. THEN WE HAVE THE SACHSE ROAD DESIGN FROM HIGHWAY 78 TO THE ROUNDABOUT AS WE'VE DISCUSSED.

SO THAT IS A $400,000 TRANSFER FOR TO GO TOWARDS THE DESIGN OF THAT, WHICH AGAIN, WE'VE PUT MONEY ASIDE IN THE PRIOR BUDGET YEAR FOR THAT AS WELL.

AND THEN THE WAYFINDING DESIGN GUIDE IMPLEMENTATION, $200,000 BECAUSE YOU'LL HAVE THE PLAN AND THAT'LL COME THAT'S A PROFESSIONAL SERVICES ITEM. BUT THEN THE ACTUAL IMPLEMENTATION PIECE WILL BE A CAPITAL PROJECT.

AND WE'VE DISCUSSED THIS AND THERE'S MORE KIND OF GLOBAL BROADER CITY WIDE LEVEL DISCUSSIONS TO BE HAD ABOUT WHO'S ALL CONTRIBUTING TO THAT.

[00:20:03]

I WANT TO SPEAK FOR THEM, BUT MY SUSPICION IS, YOU KNOW, PARKS AND PUBLIC WORKS AND DEVELOPMENT SERVICES, THEY MAY ALL BE CONTRIBUTING TO THAT IN ADDITION TO EDC.

SO THAT IS KIND OF SOME INITIAL SEED FUNDING, BECAUSE WHAT WE WANT TO DO IS IF WE GET THE PLAN DEVELOPED, WE WANT TO KIND OF BE ABLE TO HAVE SOMETHING TO SHOW FOR IT IN FAIRLY SHORT ORDER.

AND SO THAT'S WHERE THAT, THAT PIECE COMES FROM.

AND WE TALKED ABOUT THE TRANSFERS OUT IF THE DEVELOPERS DON'T HIT THEIR TARGETS, AS MR. HOLBROOK SAID, THEY DON'T QUALIFY FOR THE INCENTIVES.

SO IF THEY'RE IN A BREACH OR WHATEVER IT MIGHT BE.

BUT WE GO AHEAD AND WE ESTIMATE WHAT THAT NUMBER MIGHT BE AND WE INCLUDE IT IN THE BUDGET JUST SO WE DON'T HAVE TO COME BACK FOR LIKE A MID-YEAR BUDGET AMENDMENT FOR SOMETHING THAT WE COULD HAVE PLANNED FOR IN ADVANCE. SO RIGHT, THOSE WE PUT AS IF THEY'RE GOING TO GET FUNDED ALL IN THAT ONE FISCAL YEAR.

AND THAT'S IN SOME CASES, NOT EVEN REALISTIC BECAUSE IT'S MEANT TO GO OUT FOR A COUPLE OF YEARS.

BUT WE'RE BUDGETING THAT IT'S THERE. SO WE DON'T FORGET WE'VE GOT THOSE POTENTIAL EXPENSES CORRECT? YEP. OKAY. ANY OTHER QUESTIONS RELATED TO THE BUDGET? THE ONE QUESTION I GOT IS I RECOGNIZE THE DRAW DOWN A LOT.

IT'S JUST, YOU KNOW, SAVING FOR THE FUTURE. DOES ANYBODY HAVE ANY PROBLEM WITH THE DRAW DOWN OF THE FUND TO BE SETTING ASIDE ANY CONCERNS ABOUT THAT? OKAY. I DON'T EITHER. I THINK IT'S THE RIGHT THING TO DO TO PUSH MONEY ASIDE FOR THE FUTURE, BUT I JUST WANT TO MAKE SURE NOBODY'S I WONDERED ABOUT THAT.

SO JUST MAKE SURE HE'S OKAY WITH THAT, BECAUSE THAT'S NOT SOMETHING WE NORMALLY DO VERY MUCH, AT LEAST IN A FEW YEARS THAT I'VE BEEN HERE. WE DON'T WE DON'T SEE MUCH PUSHING OUT.

SO JUST WANT TO MAKE SURE WE'RE OKAY WITH THAT. OKAY. ALL RIGHT.

IF THERE'S NO OTHER QUESTIONS AND IF I GET THIS RIGHT HERE.

WE WILL ENTERTAIN A MOTION FOR APPROVAL OF OUR 2026 2027 BUDGET.

MOTION THAT WE APPROVE OUR 2026 2027 BUDGET. MOTION FROM JERMAINE TO APPROVE IT AS PRESENTED.

DO I HAVE A SECOND? I'LL SECOND. I HAVE A SECOND FROM KRISLEIGH.

AND WE'LL CAST OUR VOTES.

AND THAT PASSES UNANIMOUSLY. WE'LL MOVE THAT ON TO CITY COUNCIL AND GET THAT TO MISS HOWARTH TO START WORKING ON.

HOW'S THAT? DO IT ALL OVER AGAIN. YES, YES. WE'LL MOVE TO ITEM E DISCUSSION 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.]

SO JEROD, WE'LL COME BACK TO YOU. I KNOW THIS ONE'S A SHORT ONE TODAY, BUT MOVE IT TO YOU, SIR. YEAH, WE'LL KEEP IT, KEEP IT BRIEF. SO RED, WHITE AND BLUE BLAST COMING UP JULY 3RD.

CAN'T BELIEVE IT'S ALREADY. IT'S ALREADY HERE.

IT'S BEEN A FAST YEAR. SO SACHSE FARMER'S MARKET COMING UP JULY 11TH.

AND THEN CALLING ATTENTION TO THE SUMMER NIGHTS CONCERT SERIES HERE.

AND YOU'RE SEEING THESE JPEGS OF THE SACHSE LOGO.

WE KIND OF PARTNERED WITH OUR FRIENDS OVER IN THE LEISURE SERVICES DEPARTMENT.

AND WE'VE TALKED ABOUT WITH THIS LOGO. DOING MERCH DROPS THROUGHOUT THE YEAR.

AND SO WE'VE SHOWN UP TO THE FARMERS MARKET AND GIVEN AWAY T SHIRTS, WE'VE FOR TASTE OF SACHSE, WE HAVE THE WATER BOTTLES THAT PEOPLE LIKED. WE GAVE THOSE OUT.

AND SO OUR NEXT MERCH DROP IS GOING TO BE BEACH TOWELS.

SO WE'VE ACTUALLY PLACED THE ORDER, THESE TWO DIFFERENT OPTIONS AND IT'LL BE KIND OF A SIMILAR THING.

LIKE FOR THE TAYLOR SWIFT CONCERT, THEY DID, YOU KNOW, THE SUNGLASSES FOR THE FIRST HOWEVER MANY PEOPLE.

SO WE PLACED AN ORDER FOR THESE. THEY SHOULD BE HERE MID-JULY.

WE'RE EXCITED. THAT'S COOL. DROP THE MERCH DROP.

AND THEN NEXT FARMERS MARKET ON AUGUST 8TH. AND THEN AGAIN JULY.

WE TAKE THE MONTH OF JULY OFF ALL BOARDS RECESS.

IF YOU'VE LOOKED AT THE BEAUTIFUL KIOSK MARQUEE ON SACHSE ROAD, YOU SEE WE'RE RECESSING FOR JULY.

SO NEXT BOARD MEETING WILL BE AUGUST 20TH. AND THAT IS ALL I'VE GOT.

THE CONCERT SERIES, THAT'S PARKS AND REC THAT DOES THAT, RIGHT? YES, SIR. OKAY. THAT'S WHAT I THOUGHT. THERE'S A LOT OF COMMENTS ONLINE ABOUT PEOPLE CAN'T READ THE SIGNS THEY'RE PUTTING IN THE MEDIANS BECAUSE THEY'RE JUST THERE'S TOO MUCH ON THE

[00:25:03]

OUR SIGNS ARE THE FARMER'S MARKET AND THE TASTE OF SACHSE.

THAT'S THOSE ONES ARE OURS. EXCELLENT. ALL RIGHT.

WE'LL MOVE TO ITEM F1 EXECUTIVE SESSION. F1 SACHSE ECONOMIC DEVELOPMENT CORPORATION SHALL CONVENE INTO EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION

[F. Executive Session]

WE WILL ADJOURN TO OUR EXECUTIVE SESSION AT 6:27 P.M..

ALL RIGHT. WE RETURNED OUR REGULAR SESSION AT 7:51 P.M.

AND ITEM G ADJOURNMENT. WE WILL ALSO ADJOURN OUR MEETING AT 7:52 P.M.

BECAUSE THE CLOCK JUST SWITCHED. SO JUST RIGHT IN BETWEEN. SO WE'LL ADJOURN AT 7:52. THANK YOU GUYS VERY MUCH.

* This transcript was compiled from uncorrected Closed Captioning.