Oct 15, 2026 Economic Development Corporation Meeting

ALL RIGHT. WELCOME TO THE SACHSE ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING.

[A. Meeting Opening]

[00:00:04]

ON THE DOT. IF YOU'LL PLEASE RISE, I'LL JOIN.

I'LL LEAD US IN THE INVOCATION AND THE PLEDGE OF ALLEGIANCE.

OUR DEAR FATHER IN HEAVEN, WE ARE GRATEFUL FOR THIS EVENING THAT WE HAVE TO MEET TOGETHER AS ECONOMIC DEVELOPMENT CORPORATION BOARD.

WE'RE GRATEFUL FOR THE WONDERFUL CITY THAT WE LIVE IN AND THE OPPORTUNITY WE HAVE TO HELP GROW AND MOVE THE CITY FORWARD.

PLEASE BLESS US AS WE DISCUSS ITEMS OF IMPORTANCE THAT WE CAN HAVE THE CITY AND THE CITIZENS AND THE FUTURE IN MIND, AND MAKE THE BEST DECISIONS THAT WILL HELP. PLEASE WATCH OVER ALL OF OUR CITY STAFF, THE EMPLOYEES, THE CITIZENS, AND ESPECIALLY OUR FIRST RESPONDERS.

BLESS THEM, WATCH OVER THEM, KEEP THEM SAFE AS THEY WORK TO KEEP US SAFE AS WELL.

WE'RE GRATEFUL FOR THE OPPORTUNITIES WE HAVE TO VOLUNTEER AND TO SERVE, AND FOR THE WONDERFUL COUNTRY THAT WE LIVE IN.

WE SAY THESE THINGS AND ASK YOU FOR THY GUIDANCE AND DO SO IN THE NAME OF JESUS CHRIST, AMEN.

IF YOU'LL JOIN 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 VERY MUCH. WE'LL MOVE ON TO ITEM B, 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.

ONLY ITEMS ON THE AGENDA SHALL BE ADDRESSED DURING THIS PUBLIC COMMENT SECTION.

TIME 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 BUT WILL TAKE COMMENTS UNDER ADVISEMENT.

SO I DON'T HAVE ANY CARDS THAT HAVE COME. IS THERE ANYBODY THAT WOULD LIKE TO ADDRESS THE BOARD? SEEING NONE, WE'LL MOVE ON TO ITEM C. CONSENT AGENDA. 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 REQUESTED THE ITEM BE REMOVED FROM THE CONSENT AGENDA.

IF YOU HAVE COMMENTS, RELATED ITEMS AND CONSENT AGENDA, PLEASE ADDRESS THEM IN THE PUBLIC COMMENT SECTION OF THE MEETING. SO ITEM C.1 IS APPROVED THE SEPTEMBER 23RD, 2026 REGULAR MEETING MINUTES.

AND ITEM C.2 ACCEPT THE MONTHLY REVENUE AND EXPENDITURE REPORT FOR THE PERIOD ENDING AUGUST 31ST, 2026. WOULD ANYONE ON THE BOARD LIKE TO REMOVE ANY OF THE ITEMS FROM THE CONSENT AGENDA? IF NOT, I'LL ENTERTAIN A MOTION FROM THE BOARD.

I DO HAVE A QUESTION ABOUT C.2. OKAY. YOU HAD A.

DID IT COME UP? I COULDN'T HEAR YOU. WHAT WAS THAT? I SAID, I DO HAVE A QUESTION ABOUT C.2.

OKAY. THE MONTHLY REVENUE EXPENDITURE REPORT.

ALL RIGHT. JUST A QUICK QUESTION ABOUT THAT. OH.

OH, OKAY. SO LET'S DO. WELL, WE CAN DO A MOTION FIRST AND WE.

WELL DOES IT DOES THAT MAKE A DIFFERENCE. CAN YOU DISCUSS IT FIRST? THAT'S USUALLY DANIEL DOES IT, BUT. WE'LL TAKE IT BECAUSE YOU'RE NOT TRYING TO REMOVE IT FROM THERE.

SO THAT'S. YEAH. GO AHEAD. ASK THE QUESTION. YEAH.

GO AHEAD. SO JUST JUST AS THE NEWBIE ON THE TEAM HERE TRYING TO SEE IF THIS IS HOW IT WORKS HERE AS WELL AT WORK.

SO IF THERE WAS ANY OVERAGES FOR WHAT WE SPENT, LIKE FOR INSTANCE, MARKETING THINGS LIKE THAT IS THAT JUST RECONCILED AT THE END OF THE YEAR? DO WE, HOW DOES THAT WORK WITH OVERAGE? AND THEN OF COURSE, ANYTHING THAT'S UNDER, DOES IT ROLL OVER? DO WE LOSE OR USE OR LOSE THINGS LIKE THAT? ANYTHING THAT'S ANYTHING THAT'S UNDER IT DOES ROLL OVER.

WITH THE EDC THAT STAYS WITHIN US, IT DOESN'T THEN GET ABSORBED BACK INTO CITY FUNDS THAT STAYS WITHIN THE EDC.

ANYTHING THAT'S UNDER. SO RIGHT NOW, IF YOU LOOK AT IT, WE ARE WELL UNDER BUDGET FOR EXPENDITURES.

THOSE AREN'T USE IT OR LOSE IT ITEMS WE GET, WE KEEP THAT WITHIN OUR EDC FUNDS.

OVERAGES, THEY ARE RECKONED IT'S RECONCILED, IF WE ARE, IT IS RECONCILED WITHIN THE TOTAL BUDGET.

I THINK WE'RE CLOSE. YES, SIR. SO THERE'S INSTANCES WHERE WE MIGHT EXCEED A PARTICULAR LINE ITEM.

SO IF YOU WERE JUST LOOKING AT THE LINE ITEM BREAKDOWN.

BUT AS LONG AS WE DON'T EXCEED OUR OVERALL ANNUAL BUDGET APPROPRIATION THAT'S GIVEN TO US BY THE CITY COUNCIL, IT'S NOT PROBLEMATIC FROM A BUDGETING STANDPOINT IF WE'VE EXCEEDED THAT NUMBER.

BUT PRESIDENT MCMURDIE IS RIGHT. ANYTHING THAT DOESN'T GET SPENT ROLLS BACK INTO EDC FUND BALANCE AS OPPOSED TO GOING BACK INTO THE GENERAL FUND.

[00:05:06]

A MOTION THAT WE APPROVE THE SEPTEMBER 23RD REGULAR MEETING MINUTES, ITEM C.1.

AND THEN ACCEPT THE MONTHLY REVENUE AND EXPENDITURE REPORT FOR PERIOD ENDING IN AUGUST 31ST, 2026. I HAVE A MOTION FROM JERMAINE TO APPROVE ITEM C.1 AND TWO AS PRESENTED.

DO I HAVE A SECOND? I'LL SECOND. I'VE GOT A SECOND FROM ALAN.

ANY OTHER DISCUSSION? THEN WE WILL CAST OUR VOTES.

I'M NOT SEEING IT HERE. OKAY. AT LEAST I CAN SEE IT THERE. OKAY. THAT PASSES UNANIMOUS. I'M NOT SEEING IT ON THE SCREEN THERE, SO I JUST DIDN'T KNOW. OKAY. THAT PASSED.

UNANIMOUS. THANK YOU VERY MUCH. WE'LL MOVE ON TO ITEM D 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.]

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.

MR. POTTS, I WILL TURN THIS OVER TO YOU. THANK YOU, MR. PRESIDENT. SO A BITTERSWEET MOMENT. I THINK INITIALLY KIND OF RIGHT OUT OF THE GATE.

SO WE'RE GOING TO RECOGNIZE A COUPLE OF OUTGOING EDC BOARD MEMBERS.

BOARD MEMBER ALAN BELL WILL BE RESIGNING HIS POSITION.

THIS WILL BE HIS FINAL MEETING. AND THEN ASHLEY HAWLEY, WHO IS NOT HERE THIS EVENING.

SHE WILL BE RESIGNING HER POSITION AS WELL. SO CITY COUNCIL'S MADE APPOINTMENTS TO FILL THOSE VACANT SPOTS BEGINNING NEXT MONTH.

BUT I DID WANT TO TAKE A MOMENT JUST TO ACKNOWLEDGE THESE BOARD MEMBERS FOR THEIR SERVICE TO THE EDC OVER THE PAST COUPLE YEARS.

THANK YOU, ALAN. IT'S BEEN GREAT. THANK YOU. IT'S BEEN FABULOUS.

THE SACHSE FARMERS MARKET, JUST A KIND OF BRIEF UPDATE.

WE DID HAVE THE TOUCH-A-TRUCK EVENT LAST SATURDAY.

IT WAS A POP UP ACTIVATION. VERY WELL ATTENDED.

YOU KNOW, HE HAD A IMAGE THERE FROM THAT. YOU HAD THE MEDIC UNIT.

YOU HAD FIRE APPARATUS, BACKHOE, JET TRUCK, POLICE UNIT.

AND THEN YOU HAD THE CWD TRASH TRUCK. SO ALL OF THOSE VEHICLES WERE THERE, HAD A GOOD KIND OF STEADY FLOW OF FOLKS DURING THAT EVENT, SOME IN COSTUMES, OF COURSE, AND THEY WERE ALL VERY DELIGHTED TO GET TO SIT IN THE TRUCKS, MY KIDS INCLUDED. SO THAT WAS A WELL ATTENDED EVENT.

5TH STREET DISTRICT RFQ UPDATE. SO WE JUST ISSUED THIS ON OCTOBER 2ND SO IT'S STILL VERY FRESH.

JUST A COUPLE OF NOTES ON THAT. WE HAVE POSTED TO THE CITY'S BIDS PAGE.

WE'VE CREATED A LANDING PAGE WHERE YOU CAN FIND ALL THE INFORMATION ABOUT THE REQUEST FOR QUALIFICATIONS.

WE'VE PUT PUT THAT OUT TO A NUMBER OF DIFFERENT PROFESSIONAL ASSOCIATIONS.

FOR EXAMPLE, THE AMERICAN PLANNING ASSOCIATION, THE TEXAS ECONOMIC DEVELOPMENT COUNCIL SENT IT TO SOME REAL ESTATE GROUPS, AS WELL AS A NUMBER OF DIFFERENT DEVELOPERS AND BROKERS AND VARIOUS STAKEHOLDERS THAT WE HAVE RELATIONSHIPS WITH.

IN ADDITION TO THE PEOPLE THAT WE'VE BEEN TALKING WITH LEADING UP TO RFQ ISSUANCE, ABOUT 18 TO 20 DEVELOPERS OR SO THAT WE HAD MET WITH IN ADVANCE OF ISSUANCE.

SO THE RFQ WILL CLOSE ON NOVEMBER 6TH. OUR NEXT WEEK, WE'LL HAVE AN INTERNAL BASICALLY A MEETING WHERE, WHERE FOLKS CAN COME IF THEY HAVE QUESTIONS RELATIVE TO THE.

WE CALL IT A PRE-SUBMISSION MEETING. IF PEOPLE HAVE ANY QUESTIONS, THEY CAN COME AND CHAT WITH STAFF. I'VE DONE A SIDEWALK THUS FAR WITH THE GROUP THIS WEEK THAT WAS COMING TO LOOK. SO WE'RE HOPING TO GET SOME GOOD RESPONSES.

AND AGAIN, WE'VE GOT TILL NOVEMBER 6TH AND THEN WE'LL CLOSE THAT AND BEGIN THE PROCESS OF SCORING THE SUBMITTALS AND ULTIMATELY MAKING A RECOMMENDATION FOR YOU ALL TO CONSIDER. SO THAT'S KIND OF WHERE WE'RE AT RELATIVE TO THAT PROCESS.

FALL-O-WEEN IS TAKING PLACE ON OCTOBER 17TH, THIS UPCOMING SATURDAY AT HERITAGE PARK.

THE THIRD ANNUAL EVENT. ALWAYS A COOL. ANYTHING THAT THIS PARKS AND RECREATION GROUP DOES IS GREAT.

SO THAT'LL BE GOING ON THIS WEEKEND AT HERITAGE PARK.

[00:10:01]

SO I THINK IT'S 19TH. THAT'S A FRIDAY. IS THAT RIGHT? YEAH. THE 19TH IS THE THURSDAY. YOU WANT TO HAVE A BOARD MEETING ON FRIDAY? YES, SIR. YOU'RE CORRECT. THAT IS THE 19TH. I CAN THINK OF BETTER DATE NIGHTS THAN EDC LIKE YOU GUYS, BUT NOT THAT MUCH. SORRY, HONEY. [LAUGHTER]. YES, SIR.

THAT IS CORRECT. NOVEMBER 19TH. OKAY, WONDERFUL.

THAT IS ALL I HAVE FOR THE STAFF REPORT. OKAY.

THANK YOU VERY MUCH. WE WILL NOW GO TO ITEM E, EXECUTIVE SESSION.

[E. Executive Session]

CONSIDER ECONOMIC DEVELOPMENT INCENTIVES FOR BH INVESCO LLC FOR PROJECT GENERALLY LOCATED ON BUNKER HILL ROAD AND MILES ROAD IN SACHSE, TEXAS. AND ITEM 2. ALSO, THE SACHSE ECONOMIC DEVELOPMENT CORPORATION SAW CONVENE INTO EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE 551.087 ECONOMIC DEVELOPMENT DELIBERATIONS DELIBERATE THE OFFER OF A FINANCIAL INCENTIVE RELATING TO THE DEVELOPMENT OF PROJECT CRIMSON.

WE WILL ADJOURN TO EXECUTIVE SESSION AT 6:11 P.M..

WE GOT EVERYBODY HERE. OKAY, WE WILL RETURN TO REGULAR SESSION AT 7:33 P.M..

[F. Action Resulting from Executive Session]

WOULD ANYBODY FROM THE AUDIENCE LIKE TO ADDRESS THE BOARD FOR THIS ITEM? SEEING NONE WE WILL ITEM ONE IS TAKING ACTION AS A RESULT OF EXECUTIVE SESSION DELIBERATE THE OFFER OF A FINANCIAL OR OTHER INCENTIVE FOR BH INVESCO LLC FOR A PROJECT GENERALLY LOCATED ON BUNKER HILL ROAD AND MILES ROAD, SACHSE, TEXAS. SO I GUESS I SHOULD DO THAT IN THE RIGHT ORDER.

IS THERE ANYBODY IN THE AUDIENCE WANTS TO ADDRESS THE BOARD? AND THERE IS NONE, SO I WILL ENTERTAIN A MOTION.

OKAY. I WOULD LIKE TO MOVE TO AUTHORIZE THE EXECUTIVE DIRECTOR OF THE SACHSE ECONOMIC DEVELOPMENT CORPORATION TO NEGOTIATE AND EXECUTE AN AMENDMENT TO THE AMENDED AND RESTATED ECONOMIC DEVELOPMENT AGREEMENT WITH BH INVESCO LLC ON BEHALF OF THE ECONOMIC DEVELOPMENT CORPORATION, IN ACCORDANCE WITH THE DIRECTION PROVIDED DURING THE EXECUTIVE SESSION, INCLUDING ANY AMENDMENTS OR INSTRUMENTS RELATED THERETO.

I HAVE A MOTION FROM ALAN AND WHOEVER CAN SECOND THAT AND SAY IT WORD FOR WORD.

YOU WIN. DO I HAVE A SECOND? I'LL SECOND THAT.

I HAVE A SECOND FROM JERMAINE. DITTO. ANY OTHER DISCUSSION? THEN PLEASE CAST YOUR VOTES.

AND THAT PASSES UNANIMOUSLY. THANK YOU ALL VERY MUCH.

WE'LL MOVE TO ITEM G, ADJOURN. OUR MEETING WILL ADJOURN AT 7:35 P.M..

THANK YOU ALL VERY MUCH.

* This transcript was compiled from uncorrected Closed Captioning.