May 16, 2023 McKinney Economic Development Corporation

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THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING. IT IS TUESDAY. MAY THE 16TH 2023 WERE IN THE COUNCIL CHAMBERS AT 2 22. NORTH TENNIS C STREET IN MCKINNEY, TEXAS. THE TIMES EIGHT O'CLOCK IN THE MORNING. THIS TIME WE CALL THE MEETING TO ORDER PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551. 00 TO A QUARTER OF THE CITY COUNCIL MAY BE PRESENT. BUT NO CITY COUNCIL ACTION WILL BE TAKEN MEETING HIS BROADCAST LIVE ON TV. WITH THE CITY'S WEBSITE SPECTRUM CHANNEL 16 18 T U VERSE 10 99 OR ONLINE AT MCKINNEY, LEGIS STAR .COM. AT THIS TIME.

THE FIRST ITEM WE HAVE IS PUBLIC COMMENTS ON AGENDA ITEMS. IS THERE ANYBODY IN THE ANYBODY IN THE AUDIENCE I WOULD LIKE TO ADDRESS THE BOARD. SEEING THEN I'LL MOVE ON TO CONSENT ITEMS.

[CONSENT ITEMS]

WAS IT? YEAH, I JUST DIDN'T MINUS. STANDS TECHNOLOGY DOWN THERE. HE'S GOT IT GOING THIS MORNING. WE'RE GOOD. OH, HMM. SO LET'S REPETITION. ALRIGHT. WE HAD EMOTION BY, UH COUNSELING.

VERY WELL. DAD. SORRY, COUNSELOR. OLD DAYS. MR HILL'S WHOLE DAYS. STRONG BACK TO THE FUTURE. I'M GOING BACK TO YOU KNOW, 2000 TO 2008. YEAH, UH, THANK YOU. ALL RIGHT. SO WE HAVE EMOTIONAL, MR HELMSLEY, SECOND BY MR WOODRUFF. ALL IN FAVOR. YOUR HANDS. IMPOSED. MOTION

[Board and Liaison Updates City of McKinney Chamber of Commerce Community Development Corporation Visit McKinney MEDC Committee Updates Board Chairman]

AS A READING.

FAREWELL TO THE AIRPORT TOMORROW. HMM. MHM YEARS. THINGS. IT ALSO KNOW THE ELECTION. THE AIRPORT ON POLICE.

ON THE TABLE FOR NOW. TONIGHT. SPEAKING OF GENERAL OBLIGATION DEBT EVERYONE WE HAVE. TWO. HIS

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THE NEXT BILL. $40 MILLION.

THIS EVENING LOST, SO WE'RE GOING TO. CONSIDERING AND IT ALREADY REPORT.

HELP. FOR WHAT'S THAT? 23RD NEXT WEEK. DISCUSSING A WASTE. THE ART.

THAT I WILL STAND FOR ANY QUESTIONS. YES, SIR. CAN I ASK YOU A QUESTION ABOUT THE WASTE DEAL? TELL ME THE DATE AGAIN. THAT YOU SAID WHEN THE IT WORKS SESSION NEXT. 23RD ALL RIGHT, AND IS THERE IS THERE EVER A PUBLIC HEARING ON THAT ITEM? THE DISCUSSION. I GOT YOU. ALL RIGHT. THANK YOU, SIR. YEAH. RIGHT I GOT YOU. I GOT YOU. OKAY. THANK YOU. WORK SESSIONS.

RESOLUTION. OKAY. THANK YOU. YEAH. CHAMBER COMMERCE LISA. COUPLE OF DAYS. YOUR DAUGHTER.

CURRENTLY IN THE FINAL.

POSITIVELY AND KINDER. THANKS UM WHAT.

APPLICATIONS IN. WORKING ON BUILDING THE NEXT CLASS. OH, WOW! MY VOICE GOT A LITTLE LOUDER. GOT IT. UM. A COUPLE OF OTHER THINGS. WE ARE ALSO RETOOLING AND RE LAUNCHING WHAT USED TO BE MCKINNEY ONLINE, WHICH WAS ARE WE OPERATE TO WEBSITES? WE'VE GOT A CHAMBER WEBSITE THAT'S DEDICATED TOWARDS THE BUSINESS COMMUNITY AND HAS MORE INFORMATION THAT HELPS SMALL TO LARGE SIZED COMPANIES ARE BUSINESS OR MARKETING ONLINE WAS MORE OF A B TWO C, SO IT WAS

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C. THANK YOU FOR THE OPPORTUNITY TO PROVIDE A QUICK UPDATE JUST WANTED TO START OUT BY GIVING A SHOUT OUT TO MY COLLEAGUES ACROSS THE CITY FOR THE WORK THAT WAS DONE ON THE BYRON NELSON. UM HAD A GREAT WEEKEND AND IT TRULY IS A COLLABORATIVE EFFORT. THAT INCLUDES VISIT MCKINNEY, OF COURSE, BUT MAIN STREET, THE CITY COMMUNICATIONS TEAM, THE CITY MANAGER'S OFFICE AND CBC AND I HAD AN OPPORTUNITY TO WORK. HOPEFULLY Y'ALL HAD AN OPPORTUNITY TO COME BY THE CITY BOOTH ON THE WAY IN BY THE MAIN ENTRANCE, BUT HAD AN OPPORTUNITY TO WORK A COUPLE OF AFTERNOONS AND I THINK THAT THE CITY'S PRESENCE THERE HELPED CREATE A REALLY POSITIVE FUND ENVIRONMENT FOR THOSE ATTENDING THE CITY AND REALLY PUT MCKINNEY'S BEST FOOT FORWARD, SO IT WAS A GREAT EVENT . OUR HOTTEST ITEM GIVEAWAY WAS SUNSCREEN, WHICH WE DIDN'T KNOW ON THE FIRST DAY OF THAT WOULD

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UM SERIOUSLY WILL MEET NEXT AWAY FROM THIS THURSDAY AND WE'LL CONSIDER FUNDING APPLICATIONS FROM FOUR ENTITIES. TWO OF THEM ARE FOR AFFORDABLE HOUSING, ONE FROM MCKINNEY HOUSING AUTHORITY FOR RENOVATION OF TWO OF THEIR REMAINING PROPERTIES THAT HAVE NOT BEEN RENOVATED AND THEN ONE FOR AN APARTMENT PALLADIUM. MCKINNEY AN APARTMENT COMPLEX IN VIRGINIA, SO THOSE WILL BE CONSIDERED BY THE BOARD NEXT WEEK, ALONG WITH FUNDING FOR CONSTRUCTION OF A FACILITY HAD HEARD WILDLIFE MUSEUM AND THEN THERE'S A REQUEST BY HOTEL DENNISON FOR SOME INFRASTRUCTURE SUPPORT. ON THE TUBS FRONT. WE'RE STILL MOVING TOWARDS A JUNE TCO AND SUBSTANTIAL COMPLETION AT THE END OF JULY WITH FINAL COMPLETION END OF AUGUST FOUR. CEO BY END OF AUGUST EARLY SEPTEMBER. THE SERIOUSLY SUBCOMMITTEE HAD AN OPPORTUNITY TO MEET ON SITE AND , UM, TOUR LAST WEEK, AND IT REALLY IS IMPRESSIVE. THE BREWERY IN PARTICULAR. WE SPENT SOME TIME LOOKING IN THERE AND THEY'VE STARTED THE PROCESS OF BRINGING UP EQUIPMENT AND TESTING IT. SO UM, YOU COULD REALLY SEE THAT IT'S ABOUT TO HAPPEN SO CONTINUING ON THAT FRONT AND THE LAST THING I MENTIONED WE'RE CURRENTLY ACCEPTING PROMOTIONAL GRANT APPLICATIONS THROUGH THE END OF THIS MONTH, SO I WANT TO MAKE SURE THAT'S ON EVERYONE'S RADAR AS WELL. AND I'M HAPPY TO STAND FOR QUESTIONS. QUESTION. THANK YOU. THANK YOU. ERIN VISIT MCKINNEY. GOOD MORNING, MR. CHAIR, MR PRESIDENT. MEMBERS OF THE BOARD. ERIN WARNER VISIT MCKINNEY. WHAT A WEEK. WE HAD AN ECHO CINDY'S COMMENTS EARLIER ABOUT THE BYRON WAS SO NEED TO WALK AROUND DURING SETUP EVEN DURING THE EVENT. SEE WHAT ALL YOU GUYS ARE DOING, AND US AND YOUR SWEET SEE WHAT'S HAPPENING ALL THROUGHOUT THE EVENT, PUTTING MCKINNEY ON THE NATIONAL STAGE ONCE AGAIN, IT WAS IT WAS JUST A PHENOMENAL THING. AGAIN. I THINK ALL THE CITY DEPARTMENTS ASSISTED WITH OUR BOOTH UP FRONT . UH, THIS IS MY FIRST YEAR TO ACTUALLY GET TO WORK THAT AND TO SEE IT IN ACTION. AND WHAT A NEAT WAY TO WELCOME THAT MANY PEOPLE AS THEY WALK IN THE LOCATION OF THE BOOTH. IF YOU DIDN'T MAKE IT THROUGH THAT ENTRANCE WAS THE FIRST BOOTH YOU SAW WHEN YOU WALKED IN. AND SO WE GOT TO REALLY MAKE AN IMPACT. HAS PEOPLE CAME TO THE EVENT.

SECOND TO THAT LAST WEEK WAS ALSO NATIONAL TRAVEL AND TOURISM WEEK AND SO YOU KNOW, IN THE PAST, WE MAY HAVE DONE SOME EXTRA EVENTS THAT WEEK TO PROMOTE IT. BUT WE ALL DECIDED THAT THE BYRON WAS ACQUIRED GREAT WAY TO HOST NATIONAL TRAVEL TOURISM WEEK, BUT I DID WANT TO KIND OF THROW THIS OUT FOR YOU GUYS, IF YOU IF YOU MISSED IT THROUGH ALL THE TIMES WE WERE TALKING ABOUT THE BYRON WE USE THAT WEEK TO TALK ABOUT THE UPDATED NUMBERS FOR THE PREVIOUS YEAR, WHEN IT COMES TO VISITORS BEEN IN THE COMMUNITY. AND LAST YEAR IN 2022, THERE WERE $260 MILLION SPENT BY VISITORS IN MCKINNEY, WHICH WAS A RECORD THAT WE HAVE ON OUR WITH OUR DATA. AND TO PUT THAT IN PERSPECTIVE FOR EVERYONE IN ORDER TO MAKE THAT UP IN OUR COMMUNITY. EVERY RESIDENT MCKINNEY WOULD HAVE TO SPEND AN EXTRA 1200 OR SO DOLLARS AND TO MAKE THAT DIFFERENCE UP OF WHAT OUR VISITORS COME IN AND SPEND, WHICH IS REALLY IMPRESSIVE THING. WE OBVIOUSLY WANT TO KEEP THAT NUMBER OF GROWING BECAUSE THAT MEANS THOSE DOLLARS LIKE ANYTHING ELSE, GO BACK INTO OUR COMMUNITY AND HELP US WITH OUR QUALITY OF LIFE. PROJECTS AND WITH WHAT YOU GUYS DO, AND CDC DOES END BEYOND AND SO PHENOMENAL YEAR. I CAN'T WAIT TO SEE WHAT THE NUMBERS LOOK LIKE. NEXT YEAR. WE'RE PUSHING HARD FOR IT AND THEN DIRECT IT UP AS I THINK I'VE STATED AT A PREVIOUS MEETING THE DAY AFTER THE BYRON COMPLETED WE FLIPPED HOTELS, AND NOW WE'RE HOSTING THAT NJC, A ONE TENNIS CHAMPION SHIP OVER AT THE COURTS IN MCKINNEY. AND SO IT'S ANOTHER GREAT EVENT IN MCKINNEY, OUR HOPING TO KEEP IT HERE NEXT YEAR. WE'RE PUSHING HARD FOR THAT, UM, BUT PHENOMENAL WEEK, KICKING OFF A BUSY SPRING AND SUMMER, AND WE'RE EXCITED TO BE A PART OF IT. STAY FOR ANY QUESTIONS. QUESTIONS. THANK YOU VERY MUCH. OKAY SO I JUST HAVE A FEW COMMENTS. FIRST OF ALL, IT'S REALLY TO LAST WEEKEND. BYRON NELSON. I WANT TO THANK OUR STAFF. YOU GUYS DID A TREMENDOUS JOB. YOU KNOW, EMILY? CAROLINE, YOU GUYS WERE OUT THERE. EVERY DAY, WORKING REALLY HARD AND MICHAEL AND EVERYBODY'S PETERS SO I WAS VERY EVIDENT THE EFFORT THAT WAS GIVEN TO MAKE SURE THAT PEOPLE WERE VISITING. NOT ONLY HAD A GOOD TIME BUT HAD OPPORTUNITY IN MEDICINE AS WELL, TOO. REALLY LEARN ABOUT MCKINNEY LEARN ABOUT OUR BUSINESS COMMUNITY AND THE ENVIRONMENT THAT WE HAVE HERE. FOR BRINGING BUSINESS AND ALSO CINDY, THANKS TO YOU AND YOUR BOARD AS WELL BECAUSE IT IS A COLLABORATIVE

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OVER THE COURSE OF THE FOUR DAYS WE HAD AT LEAST 2011 DIFFERENT SITE SELECTORS 20 DIFFERENT VISITORS. FROM OUT OF THE MARKET FROM OTHER STATES. UH, NEW YORK , ILLINOIS NASHVILLE AREA TO NAME JUST A FEW. AND THEN WE HAD SEVERAL BROKERS AND DEVELOPERS FROM FROM THIS AREA AS WELL AS I PERSONALLY MET A COUPLE OF PEOPLE THAT WERE IN THE VENTURE CAPITAL MARKET. OR BANKING THAT DEALT SPECIFICALLY WITH DEVELOPMENT PROJECTS THAT UH, YOU KNOW, AS FAR AS I KNOW HOW I HAD NOT MET BEFORE THEY WERE NOT BANKS THAT, UH, ARE THAT ARE TYPICAL OF WHAT YOU SEE IN THE AREA, SO THEY WERE SPECIFIC TO THE DEVELOPMENT. TYPE OF PRODUCT PROSPECTS. WE HAD ADDITION TO THAT WE HAD 33 DIFFERENT GUESTS FROM EXISTING COMPANIES. FROM BUSINESS RETENTION STANDPOINT.

WE HAD IN TERMS OF PROSPECTS. AT LEAST TWO NEW PROJECTS THAT WITH INTERNATIONAL TIES ONE LOCAL EXPANSION PROJECT. THREE NEW DEVELOPMENT OPPORTUNITIES AND ONE NEW INNOVATION FUND. SUPPORT POSSIBLE PROJECT THAT ALL CAME THROUGH OUR SIDES WHILE WE WERE THERE. UM AND, INTERESTINGLY ENOUGH, ONE OF THE I WAS JUST TALKING ABOUT THIS EARLIER, ONE OF THE PEOPLE THAT I MET WERE BROUGHT BY FORMER BOARD MEMBER WE'RE FROM NOT ONLY OUT OF STATE BUT OUT OF THE COUNTRY. AND HAVE TURNED A THREE WEEK VISITING THE MCKINNEY AND TOO MUCH LONGER STAY AND ARE NOW LOOKING AT POSSIBLY MOVING A BUSINESS HERE. AND WE ALSO HAD A FOLLOW UP FROM A COMPANY THAT PETER HAD MATT OVER IN GERMANY. SO VERY, VERY GOOD RESULTS FROM THAT STANDPOINT. I WILL BE IN AS WE DO EACH YEAR IN THE VERY NEW NEAR FUTURE. THE SALESMANSHIP CLUB WILL BE HAVING A DEBRIEF FOR LUNCHEON THAT TYPICALLY HAVE BEEN INVITED TO THE PAST WHERE THEY GIVE US THE STATISTICS. ON THE VALUE ADD OF THE TOURNAMENT TO THE LOCAL REGION, EVERYTHING FROM ADD VALUE NUMBER OF VIEWERS WORLDWIDE THROUGH TV MARKETS. AND ALL THAT SO AND THEN DOLLARS RAISED. BOTH FOR THE CHARITY AND AS THE TOURNAMENT AS A WHOLE. SO AS WE GET THAT INFORMATION, I'LL BE SURE TO MAKE SURE THAT WE GET THAT OUT. TO EVERYBODY. BUT THANK YOU ALL VERY MUCH FOR THAT. IT WAS VERY GOOD. EVENT AND CERTAINLY LOOK FORWARD TO NEXT YEAR. SO THAT'S ALL I HAVE ON THAT. NEXT. WE HAVE. 23 0400.

MM DC MONTHLY REPORTS. OH, WHAT YEAH, THAT'S GOOD. GIVE ME THE C COMMITTEE UPDATES. WE DO HAVE

[Consider/Discuss MEDC Monthly Reports]

WE'VE GOT SEVERAL THINGS IN EXECUTIVE SESSION THAT ARE EXCITING AND INNOVATIVE THAT WE WANT TO TALK ABOUT TODAY. BUT I DID WANT TO MENTION THE CONSULTANT CONNECT COMPANY WAS HERE LAST WEEK. UM AND REAL ESTATE COMMITTEE MET WITH THEM FRIDAY, ALONG WITH MICHAEL AND PETER AND WHAT THEY ARE IS THEY COME TO TOWN AND BASICALLY LOOK AT THE OPERATIONS OF OUR ORGANIZATION AND THEY BRING FROM AROUND THE COUNTRY OUT. THERE WAS CALIFORNIA, CHICAGO. NORTH CAROLINA. THEY BRING SITE SELECTORS FROM AROUND THE COUNTRY AND THOSE GUYS GO AROUND WITH US WITH THEM. CONSULTANT CONNECT FOLKS AND AGAIN. LOOK AT OUR COMMUNITY AND OUR OPERATIONS AND WE GOT REALLY STRONG. GRADE FROM THOSE PEOPLE. THEY WERE VERY IMPRESSED WITH OUR

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PETER. MR CHAIRMAN, I DON'T HAVE ANYTHING IN TO ADD IN ADDITION TO THE REPORT THAT WAS PROVIDED OTHER THAN NOW THAT WE HAD ANOTHER IMPORTANT EVENT LAST WEEK THAT WE DEFINITELY WANT TO CELEBRATE. BUT IT WAS BEING AT BYRON WEEK. WE JUST WANTED TO FOCUS ON BYRON. BUT LAST WEDNESDAY, MAY 10TH WAS THE BBC'S BIRTHDAY. WE RETURNED 30 SO YOU AND I MAY 10TH 1993. THE DC WAS FORMALLY INCORPORATED. SO MAY 10TH WAS FORMALLY OUR 30TH BIRTHDAY FOR THE E D. C AND NOW THAT WE'RE THROUGH BYRON AND THROUGH THE MONUMENTAL TASK THAT IS, WE'RE PUTTING TOGETHER FOR THE REMAINDER OF THE YEAR KIND OF 1/30 ANNIVERSARY. BLITZ FOR THE CIA, AND WE'LL KIND OF INCORPORATE THAT INTO A LOT OF OUR MARKETING. I DON'T KNOW IF YOU NOTICED ON THE LITTLE LANYARDS WE'RE GIVING AWAY IT SAID WE D C 30TH LITTLE SUBTLE. THING JUST JUST TO GET IT OUT THERE BECAUSE IT DID HAPPEN THAT WEEK, BUT VERY IMPORTANT WEEK AND I'LL JUST ECHO WHAT UM EVERYONE ELSE HAS SAID YOU KNOW, THE BYRON NELSON IS A IS A HERCULEAN TASK FOR THE WITH OVER 5 520 TICKETS TO ALLOCATE EVERY YEAR AND SWEETS TO GET SET UP GUEST LIST PARKING YOU NAME IT.

IT'S THERE'S A LOT THAT GOES ON BEHIND THE SCENES, AND IT WOULD NOT. GO AS WELL AS IT DID, IF NOT FOR THE STAFF AND AWESOME JOB THAT THEY DO. EMILY IS ONLY WHAT TWO MONTHS IN FORMALLY ON THE JOB AS OUR NEW EVENTS MANAGER AND SHE CAME IN AND SAID , GIVE IT TO ME. I GOT THIS, SO SHE'S DONE A FANTASTIC JOB ARE REALLY HAPPY TO HAVE HER OWN STAFF AND THE REST OF STAFF DID A GREAT JOB SUPPORTING IT. SO JUST KUDOS TO THEM FOR HELP, MAKING IT A REALLY GREAT WEEK.

OKAY? UH OKAY. SO MOVE ON TO THE FUEL. THE ARE KIND OF A KPI REPORTS. SO AGAIN, WE HAVE UM.

49 MILLION SIGNED CONTRACTS. SIX MILLION PENDING WE HAVE WE'VE BEEN TALKING IN EXECUTIVE SESSION ABOUT ANOTHER COUPLE PROJECTS THAT COULD BE ADDED TO THAT VERY SHORTLY. HOPEFULLY WE WILL DO THAT. EVERYTHING ELSE IS ON TRACK WITH OUR PROJECT PIPELINE ACTIVITY WE ACTUALLY HAVE WILL BE UPDATING THAT NEXT MONTH FROM SEVERAL NEW PROJECTS THAT WE'VE GOT A RESULT OF THE BYRON MARKETING IS ON ON TRACK. PRETTY MUCH EVERYTHING IS ON TRACK FOR THIS YEAR WILL BE LOOKING AT LAUNCHING A COMMUNITY FORUM HERE IN UH, PROBABLY IN THE SUMMERTIME AND THEN ANOTHER ONE IN THE FALL SO WELL, WE'RE ALREADY IN THE PROCESS OF GETTING THOSE SCHEDULED. UM AND ALL OTHER METRICS LOOK GOOD IF YOU HAVE ANY QUESTIONS. THAT'S ALL OKAY? REGULAR AGENDA. 23

[Consider/Discuss/Act on the March 2023 Financials]

WE'LL START OFF WITH THE INCOME STATEMENT. TOTAL REVENUES FOR THE MONTH OF MARCH WAS 1.7 MILLION, WHICH IS MADE UP MOSTLY OF THE 1.54 MILLION OF SALES TAX REVENUE. MOVING ON TO EXPENDITURES. WE HAD A TOTAL OF 860,000 OF EXPENSES 258,000 WASL EXPENSES. 360,000 OF THAT WAS FOR PROJECT EXPENSES. THEN WE HAD NON DEPARTMENTAL EXPENSES OF 237,000. THAT'S THE MONTHLY TRANSFER FOR YOUR DEBT SERVICE PAYMENTS THAT WE MAKE TWICE A YEAR. MOVING ON TO SELLS TAX OKAY? OKAY SO COLLECTIONS FOR THE MONTH OF MARCH ACTUALLY APPLIES TO JANUARY SALES. SO, UM

[00:30:04]

SOMETHING LIKE OUTS UP HERE. REFRESHING. TRUE. I DON'T EVEN KNOW WHAT THAT MEANS. OKAY? UNPLUG IT. TURN A BANG ON ON. YEAH. HE HAD THIS TECHNOLOGY SPEEDS UNIVERSAL. I T DID YOU TURN IT OFF AND TURN IT BACK ON? YES, I DID THAT. DID YOU UNPLUG IT? YES, I PARKED IT. QUALITY.

HE STILL CAN'T DO THE HOMEWORK. ALL RIGHT.

THEN MOTION PASSED. LOOK AT THEIR ANTICIPATION DEPARTMENT. RIGHT NEXT WE HAVE THE CONSIDER

[Consider/Discuss/Act on 2023-2026 MEDC Strategic Plan]

ADOPTING A STRATEGIC PLAN ON AN ANNUAL BASIS. DOESN'T MEAN WE HAVE TO REWRITE IT EVERY YEAR

[00:35:06]

[Consider/Discuss/Act on Resolution Appointing MEDC Standing Committees]

[BOARD COMMENTS]

[EXECUTIVE SESSION]

[ACTION ON EXECUTIVE SESSION]

SORRY. IN YOUR LAST NAME. SCOTT. SORRY. MOTION PASSES. SECOND ONE IS HIMALAYAN VENTURES LP. I'LL MAKE A MOTION THAT WE AMANDA AND EXTEND THAT AGREEMENT AS DISCUSSED IN EXECUTIVE SESSION. MOVED BY MR HILL'S LEAGUE SECOND BY SECOND. MR DIMSON. ALL IN FAVOR. OH, I'M SORRY. I DON'T HAVE IT DOESN'T HAVE A MOTION, BUT HIS MOTION. ALL IN FAVOR.

[00:40:07]

[Sales Tax Type A Training]

I THINK I CAN THERE WE GO. AND THAT'S IT. MOVE UP A LITTLE BIT. OKAY THIS FIRST, YOU KNOW, JUST, YOU KNOW, BASICALLY BASED ON YOUR EXECUTIVE SESSION, YOU KNOW? CAN YOU HAVE A PROSPECT? COME TO YOU. CAN YOU JUST GIVE THEM MONEY? AND THE ANSWER IS NO. YOU HAVE TO HAVE A PERFORMANCE AGREEMENT. STATE LAW SAYS THERE'S SOME MINIMUM THINGS THAT PERFORMANCE AGREEMENT AND I THINK YOU KNOW WE DO LOAN AGREEMENTS, IT STILL CONSTITUTES A PERFORMANCE AGREEMENT AND YOU HAVE TO HAVE CERTAIN THINGS IN THERE JUST CAPITAL INVESTMENT TO BE MADE JOBS CREATED OR RETAINED , AND THEN THE PENALTY FOR NON COMPLIANCE. YOU KNOW, IF THEY SAY THEY'RE GOING TO CREATE 10 JOBS, I CREATE FIVE AS A BOARD. YOU GET TO DECIDE WHAT THE PENALTY IS, BUT THAT'S THE MINIMUM REQUIREMENTS FOR ANY SORT OF PERFORMANCE AGREEMENT. AND, UM THERE'S AND IF THAT CAN BE ADJUSTED, BUT YOU KNOW WHO OVERSEES THE SALES TAX? IT'S YOUR AS A NONPROFIT CORPORATION.

YOU KNOW, AS BORDER DIRECTORS, YOU GET YOU EVER SEE THE CORPORATE CORPORATE ENTITY AND THEN AT THE VERY BOTTOM OF THAT SLIDE, IT DOES SAY THAT CITY COUNCIL GETS TO APPROVE ALL PROGRAMS AND EXPENDITURES, AND A LOT OF THAT IS DONE DURING THE BUDGET. YOU KNOW, YOU GET A LOT OF THAT TAKEN CARE OF DURING THE BUDGET ALSO VIA YOUR BYLAWS, BUT STATE LAW DOES PROVIDE THAT CITY COUNCIL RETAINS THAT AUTHORITY. THOSE REFERENCES THERE OR TO THE LOCAL GOVERNMENT CODE CHAPTER 501 OF THE LOCAL GOVERNMENT CODE. THEY KIND OF LEADS IN THE NEXT QUESTION. DOES CITY COUNCIL GETS APPROVED EXPENDITURES AND THE ANSWER IS YES. THEY GET TO PROVE ALL EXPENDITURES AND AGAIN THAT THAT'S YOU KNOW, TYPICALLY LOT OF THAT'S TAKEN CARE OF DURING THE BUDGET. UH AND SO, YEAH, THEY DO GET TO APPROVE. THE CITY COUNCIL APPOINTED DIRECTORS. OBVIOUSLY YES. YOU KNOW, THEY GET TO APPOINT THE DIRECTORS YOU HAVE A SEVEN MEMBER BOARD, WHICH IS UNIQUE STATE LAW SAYS. YOU KNOW, FOR TAIPEI, YOU HAVE TO HAVE AT LEAST A FIVE MEMBER BOARD. AND SO Y'ALL NUMBER OF YEARS AGO WITH THAT, I GUESS THE BILL THAT GOT PASSED CHANGING THAT STATUTE YOUR MOVE TO A SEVEN MEMBER BOARD. YOU KNOW, AS A BOARD MEMBER, YOU KNOW, PURSUANT TO YOUR POLICIES, YOU HAVE TO RESIDE IN THE CITY STATE LAW DOES NOT IMPOSE ANY SORT OF RESIDENCY AND THEN YOU KNOW, THE BOARD MEMBERS ARE APPOINTED TO MY CITY COUNCIL AND CAN BE REMOVED WITH OR WITHOUT CAUSE. YOU KNOW, AS FAR AS TERM, YOU KNOW, YOUR STATE LAW DOESN'T IMPOSE ANY TERM LIMITS. BUT YOU KNOW, THE CITY HASN'T THROUGH THE THROUGH THE POLICY IS IMPOSED TWO YEAR TERMS WITH THREE CONSECUTIVE FULL TERM TERM LIMITS. AND SO THE CITY CAN DO THAT. AS FAR AS OFFICERS. HOW AM I DOING ON TIME? HERE AM I GOING TOO FAST, TOO? SLOW DOWN OR OKAY

[00:45:01]

AND SO THOSE ARE MORE. THAT'S THE PROCEDURAL ISSUES. AND THIS IS MORE OF THE FUN STUFF. YOU KNOW. WHAT CAN YOU SPEND THE MONEY ON THAT YOU GET THROUGH THE SALES TAX THAT'S COLLECTED THROUGH THE CITY AND AGAIN, THERE'S THREE AREAS. YOU GET PROJECTS. YOU GOT ADVERTISING.

THEN YOU GOT JOB TRAINING. AND SO I'M GOING TO GO THROUGH THOSE STATUTES REAL QUICK. I THINK I'VE GOT SEVEN MINUTES LEFT, SO WE'LL SEE IF WE CAN MAKE IT. UM THEN, AND SOME OF THESE HAVE STARS THAT THIS IS WHERE I SEE A LOT OF ECONOMIC DEVELOPMENT FOR TYPE A'S SO THERE'S A STORE NEXT TO THIS ONE. IT'S A LENGTHY STATUTE. BUT IT SAYS YOU CAN PROVIDE AS A BOARD YOU CAN PROVIDE LAND BUILDINGS, EQUIPMENT FACILITIES EXPENDITURES, YOU CAN PROVIDE A MONEY, TARGETED INFRASTRUCTURE IMPROVEMENTS, BUT IT SAYS IT HAS TO CREATE A RETAINER PRIMARY JOB AND YOU KNOW, I'LL TALK ABOUT THAT. AND THEN IT GIVES YOU A LIST OF CATEGORIES LIKE MANUFACTURING, INDUSTRY AND RESEARCH AND DEVELOPMENT. NOW SEE DNA. WE'LL TALK ABOUT THOSE IN A FEW SLIDES. UM BUT THEN YOU HAVE LIKE DISTRIBUTION CENTERS, REGIONAL OR NATIONAL CORPORATE HEADQUARTERS. AND SO IF IT'S THAT TYPE OF PROJECT, SEE IF I CAN GO BACK HERE YEAH, YOU CAN PROVIDE LAND BUILDINGS, EQUIPMENT FACILITIES, EXPENDITURE MONEY, TARGETED INFRASTRUCTURE IMPROVEMENTS FOR THAT TYPE OF INDUSTRY. AND SO A LOT OF TAIPEI PROJECTS ARE DONE.

WITH THAT STATUTE. NOW I MENTIONED THAT SUGGESTS HAS TO CREATE A RETAINER PRIMARY JOB.

THAT'S THE DEFINITION IN THE STATUTE BASICALLY SAYS YOU GOT AN EXPORT SOMETHING TO EXPORT SOMETHING ORIGINALLY STATEWIDE, YOU KNOW, NATIONALLY OR INTERNATIONALLY. THEN YOU GOT TO MEET ONE OF THESE NORTH AMERICAN INDUSTRIAL CLASSIFICATION SECTOR CODES THAT THEY'RE PRETTY LENGTHY CODES. I WOULD SAY, YOU KNOW, THE USUAL SUSPECTS FOR, UM YOU KNOW, ANY SORT OF PROJECT IS MANUFACTURING. TRANSPORTATION, WAREHOUSING. THE MORE INTERESTING ONES OR TELEPHONE

[00:50:03]

COULD IT BE DURING THE BUDGET? COULD IT BE WHEN YOU WANT TO BUY A BOX OF PENCILS. THAT'S AN AGENDA ITEM. YOU KNOW, I GUESS THAT COULD BE THAT TOO. BUT YOU KNOW, IT DOES SAY CITY COUNCIL GETS TO APPROVE ALL EXPENDITURES AND AGAIN MOST OF THAT HAS DONE DURING THE DURING THE BUDGET.

OKAY SO THAT THAT'S PROJECTS YOU'VE GOT TWO OTHER TYPES OF EXPENDITURES. GET PROMOTION. UM BASICALLY, STATE LAW SAYS YOU'RE LIMITED TO 10% OF YOUR REVENUE PER YEAR FOR ADVERTISING. YOU MIGHT ASK FOR WHAT'S PROMOTION IS NOT DEFINED. THERE'S AN ATTORNEY GENERAL OPINION YEARS AGO. GREG ABBOTT OPINION G A 86. THAT IT'S SAID, BASICALLY HAS TO PUBLICIZE OR ADVERTISE THE CITY FOR BUSINESS DEVELOPMENT. AND SO IF THAT EXPENDITURE IS GOING TO PUBLICIZE OR ADVERTISE THE CITY FOR BUSINESS DEVELOPMENT, THEN YEAH, YOU CAN DO IT. AND SO THAT THAT'S YOU KNOW THAT THAT'S PROMOTION OR ADVERTISING. AND THEN, LASTLY, JOB TRAINING. YOU KNOW THAT THAT'S THE STATUTE FOR JOB TRAINING, SAYS YOU CAN PAY FOR JOB TRAINING. IT USES THE TERM BUSINESS ENTERPRISE THAT YOU KNOW THE BUSINESS HAS TO COMMIT AND WRITING TO, YOU KNOW, CREATE NEW JOBS OR INCREASE THEIR PAYROLL. THAT'S GOING TO PAY THE PREVAILING WAGE FOR THAT OCCUPATION IN YOUR AREA. IF THEY'RE WILLING, YOU WRITTEN CONTRACT WILLING TO DO THAT YOU CAN PAY FOR THE JOB TRAINING.

YEAH IT DOES NOT HAVE TO BE A PRIMARY JOB. EMPLOYER IT DOES, SAY, BUSINESS ENTERPRISE THAT HAS TO BE A BUSINESS. BUT THAT IS JOB TRAINING AND WHAT I DO. GOOD I HAVE A QUESTION. SO, UM.

THE UNIVERSAL THEME PARK IS COMING TO A CITY JUST NORTH OF US WOULD HOW WOULD THAT FIT INTO THE DEFINITIONS. WE JUST LOOKED AT AS FAR AS BEING ELIGIBLE FOR, UM FUNDING FOR TYPE B. M C. THE C TYPE B CAN ASSIST WITH ENTERTAINMENT TOURIST FACILITIES NOW TAIPEI COULD IF YOU LIKE PUT

[00:55:05]