Feb 21, 2023 Reinvestment Zone Number One on 2023-02-21 5:00 PM

[CALL TO ORDER]

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, WOAH, I AM CALLING TO ORDER MYSELF. ONE, CHARLIE. THANK YOU, MR MAYOR. WELCOME TO THE ALWAYS EXCITING TAX INCREMENT REINVESTMENT ZONE NUMBER ONE. IT IS FIVE O'CLOCK. WE'RE AT 2 TO 2 NORTH TENNESSEE CITY HALL HERE IN MCKINNEY, TEXAS. FIRST ITEM ON OUR AGENDA OR ANY PUBLIC COMMENTS. IF ANYONE WISHES TO ADDRESS THIS BOARD, YOU WOULD HAVE THREE MINUTES IN ORDER TO

[Election of Vice Chair]

[Minutes of the Tax Increment Reinvestment Zone Number One (TIRZ1) Board Meeting of September 27, 2022]

[Conduct a Public Hearing to Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with Water Boy RE, LLC, for Rehabilitation Project at 215 N Kentucky Street Consisting of Façade Improvements, Environmental Remediation, and Critical Maintenance Upgrades]

THE FIRST ONE IS TO 15 NORTH KENTUCKY STREET HARVEST. HARVEST TWO POINT OH, AS IT'S CALLED 2 15 NORTH KENTUCKY STREET JUST FOR A LITTLE BACKGROUND ON IT WAS FIRST BUILT BACK IN BETWEEN 18 89 99 19 OH, ONE AS THE MCKINNEY'S NEW MASONIC TEMPLE. IT UNDERWENT A BIG RENOVATION IN 1915 INCH TO 1917, WHERE THEY CHANGED THE PARAPET AND CHANGE SOME OF THE WINDOWS A BIT. BUT FROM 1917. UNTIL RECENTLY, IT'S BEEN PRETTY MUCH THE SAME. OVER THE YEARS. IT WAS THE MASONS BUILDING UP UNTIL ABOUT 2013 WHEN THEY MOVED ON TO THEIR NEW FACILITY, AND SO IT IS ONE OF OUR FEW REMAINING THREE STORY BUILDINGS HERE DOWN ON THE SQUARE, AND IT KIND OF BOOKMARKS THAT NORTH END OF KENTUCKY STREET. SO THIS PROJECT IS COMING BEFORE YOU TODAY ASKING FOR SOME TOURIST GRANT MONEY FOR SEVERAL DIFFERENT PROJECTS THAT THEY HAVE GOING ON THREE TO BE EXACT ONE FOR ENVIRONMENTAL REMEDIATION, SOME ASBESTOS REMOVAL SOME FOR FACADE RESTORATION FOR THEIR FACADE IMPROVEMENT GRANT CATEGORY WITH HISTORIC WINDOW REPAIR HISTORIC TRIM ASSOCIATED WITH THAT, AND THEN THE OTHER ELEMENTS OF THE FACADE REHABILITATION, WHETHER IT'S PAINTING ON THE OUTSIDE OR REPAIRS OR DOORS KIND OF REDOING THAT STOREFRONT DOWN AT THE BOTTOM. AND THEN THE THIRD SCOPE THAT THEY'RE LOOKING AT IS FUNDING FOR CRITICAL MAINTENANCE. THEY HAD TO DO SOME STRUCTURAL STABILIZATION AND FRAMING THEY HAD UPGRADED PLUMBING TO BRING IT UP TO CODE UPDATE ELECTRICAL TO BRING IT UP TO CODE AND DO SOME CONCRETE REPAIR WORK ASSOCIATED WITH ALL OF THAT WORK AND CHANGES MADE TO THE FOUNDATION OF THE BUILDING.

THOSE ARE ALL THREE AREAS THAT ARE WITHIN THE VACANT, UNDERUTILIZED PROPERTY SEGMENT OF THE PROJECT PLAN FOR TOURS TYPICALLY UM, WE HAVE WHEN WE GO BACK ONE MORE, TYPICALLY WITH THE FACADE, REINVESTMENT GRANTS AND THE, UM ASBESTOS REMEDIATION . THOSE ARE ABOUT $25,000

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THAT PROJECT PLAN. THERE IS THIS. THIS IS A AMOUNT THAT EXCEEDS OUR CURRENT FUNDING LIMITS ACCORDING TO POLICY AND DOES HAVE A LITTLE BIT OF AN ELIGIBLE WORK. AS SUCH STAFF IS RECOMMENDING A GRANT OF $100,000 , WHICH IS IN KEEPING WITH OUR STANDARD AMOUNTS BASED ON OUR POLICY GUIDELINES FOR THE DIFFERENT PROGRAMS THAT 25,000 FOR ENVIRONMENTAL, THE 25,004 FACADE RESTORATION AND THE 50,000 MATCHING FOR CRITICAL MAINTENANCE. THAT WOULD KEEP ALL OF THESE ITEMS WITHIN OUR EXISTING TOURS BUDGET FOR 2022 2023. IT WOULD ALLOW ADDITIONAL PROJECTS TO BE FUNDED OVER THE COURSE OF THE REMAINING SECTION OF OUR FISCAL YEAR, WHICH LASTS UNTIL OCTOBER. AND IT WOULDN'T REQUIRE ANY BUDGET AMENDMENTS. CAN YOU TELL US WHAT THE CRITICAL MAINTENANCE IS? SURE CRITICAL MAINTENANCE IN THIS CASE IS PLUMBING, ELECTRICAL AND SOME STRUCTURAL REPAIRS. IT'S GENERALLY ANY OF THOSE TYPES OF EVENTS IT COULD INCLUDE RUTH WORKED. IT COULD INCLUDE REBUILDING A, YOU KNOW A WALL FOR STRUCTURAL ELEMENTS AS WELL . BUT IN THIS PARTICULAR CASE, IT HAPPENS TO BE PLUMBING, ELECTRICAL AND SOME OTHER STRUCTURAL WORK. OKAY? THEY HAVE ASKED THAT THIS BE CONSIDERED A MERITORIOUS EXCEPTION. THERE IS A ROOM IN OUR PROJECT PLAN AND POLICY GUIDELINES FOR MERITORIOUS EXCEPTION. UH A MERITORIOUS EXCEPTION IS GENERALLY $100,000 PER PROJECT AGAIN ON A 50 50 MATCH. AND THEN UM. IN LOOKING AT THAT, YOU KNOW , WITH THE THREE DIFFERENT PROJECTS THAT THEY HAVE BEFORE US HERE, CRITICAL MAINTENANCE, ENVIRONMENTAL REMEDIATION AND FACADE RESTORATION THAT WOULD BE AT $100,000 APIECE ABOUT $300,000. THERE ARE SOME IMPACTS TO THAT AMOUNT. FIRST AND FOREMOST BEING, IT COULD REQUIRE A BUDGET AMENDMENT. OUR CURRENT BALANCE OF THE TERRORISTS RIGHT NOW FOR VACANT UNDERUTILIZED PROPERTIES. AS WHICH THIS IS $300,000. AND SO IT WOULD EITHER EAT UP THE ENTIRE BUDGET AND RELIEVE IT TO LEAVE. NONE LEFT FOR ANY OTHER PROJECTS OVER THE COURSE OF THE YEAR. OR A BUDGET AMENDMENT COULD BE GIVEN OR ASKED FOR, UH TO ACHIEVE THAT NUMBER. WHATEVER NUMBER WE ALL DECIDE, WE DO NOT HAVE A BUDGET AMENDMENT ON THE AGENDA FOR TODAY. SO IF THAT IS AN AVENUE, THAT COUNCIL WHICH ARE EXCUSE ME THAT THE TOURIST BOARD WISHES TO GO, THEN WE WOULD BE BRINGING THAT BACK TO YOU AT A SUBSEQUENT MEETING. SO I LEAVE IT AT THAT.

AND I STAND FOR ANY QUESTIONS. THE APPLICANT IS HERE TONIGHT AS WELL. IF YOU HAVE QUESTIONS FOR THEM. SO THEY'RE WILLING TO SPEAK AS WELL. CERTAINLY IT SEEMED TO ME THAT IF WE GRANTED THEIR REQUEST, OR THE MAXIMUM ON EACH OF THE THREE CATEGORIES THAT WE NEITHER BE OUT OF BUSINESS FOR THE REST OF THE YEAR OR BE DOING THE BUDGET AMENDMENT AT OUR NEXT MEETING, CORRECT. WE WOULD BE OUT OF BUSINESS. WHAT'S THE WHAT'S THE CURRENT FUND BALANCE FOR THE TOURS RIGHT? WELL AT THE END OF THE YEAR, IT'S ANTICIPATED THAT WE'LL HAVE ABOUT 14 MILLION. BUT RIGHT NOW WHAT WE HAVE ALLOCATED TO SPEND ON THESE TYPES OF PROJECTS. THESE THIS VACANT UNDERUTILIZED CATEGORY IS $300,040. MANY VACANT UNDER AND . UNDERUTILIZED PROPERTIES. DO YOU SEE RIGHT NOW? THE TOURS. I DON'T HAVE ACCOUNT ON THAT. I KNOW WE HAVE TWO PEOPLE. ANOTHER PROJECT TODAY THAT'S COMING UP ON THE AGENDA THAT'S ASKING FOR MONEY UNDER THAT SAME CATEGORY.

SAME GROUP OF CATEGORIES, SO THAT'S ONE PROJECT. WE HAD INQUIRIES ABOUT SOME OTHERS.

THERE ARE SEVERAL VACANT PROPERTIES AROUND THE AREA BECAUSE THOSE COULD BE PROPERTIES THAT HAVE BUILDINGS ON THEM. OR PROPERTIES THAT DON'T HAVE BUILDINGS ON THEM.

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SINCE ABOUT 2018. THERE WAS MULTIPLE ATTEMPTS AT C. O S OR MULTIPLE GIVEN. SEE, ALWAYS.

DIFFERENT PROJECTS, IS IT? IS IT YOUR IMPRESSION THAT AS I UNDERSTAND THIS, IT'S $100,000.

UH IN EACH OF THESE CATEGORIES THAT IS AVAILABLE FOR A MATCH, SO IT'S 50 50. SO IS ARE YOU UNDER THE IMPRESSION THAT THEY HAVE SPENT 200,000 IN EACH OF THESE CATEGORIES AND BE ELIGIBLE FOR THE FULL 100 SO IN THE LETTER OF INTENT THAT THEY GAVE US THEY PROVIDED A BREAKDOWN OF THESE COSTS AS WELL AS THE AMOUNT THEY'VE ACTUALLY SPENT ON IT, AND SO THEIR NUMBER IS A LITTLE MORE THAN IS AROUND TWICE THAT I HAVE TO PULL OUT THE ACTUAL TEXT, AND I COULD DO THAT. I THINK LET'S SEE PROBLEM ACTUALLY. OKAY THEY'RE WELL WITHIN THE MATCH. YEAH THEY'RE TOTAL INVESTMENT ON THESE ITEMS IS $863,800 JUST ON THE SITE, UM, JUST THESE ITEMS THAT'S NOT ANYTHING ELSE OVER FOUR. $1 MILLION IN THE PROJECT. YES. IT WAS JUST I THINK THEIR TOTAL BUDGET WAS JUST UNDER FIVE. THANK YOU. AND THIS IS A PUBLIC HEARING. IS THERE ANYONE HERE WHO WOULD LIKE TO SPEAK ON THE ISLAND? INCLUDING THE APPLICANT , AND THAT REQUESTS. IT'S NOT A STANDARD PROJECT. THAT'S THE VERY FIRST THING I WANT YOU TO REMIND YOURSELF IS NOT A STANDARD PROJECT. THANK YOU VERY MUCH FOR THE STAFF OF THE HELP OF THE STAFF OF THE CITY HAS BEEN UNBELIEVABLE. THAT KIND OF HELP ME WALK THROUGH AND CALCULATE YOUR NAME, BUT YOU GOT TO SAY YOUR NAME IS RICK WELLS. SORRY MR WILLS. YOU WILL LOSE AUDIO. IT'S YOUR TELEVISION AUDIENCE. IF YOU WALK AWAY FROM THAT MICROPHONE WAS SUPER BAD HABIT OF WALKING AND TALKING, BUT I'M GOING TO TRY TO STAY BETWEEN THE LINES AND READ THIS. I'LL STATUS DATA HERE. UM THANK YOU FOR YOUR TIME AND CONSIDERATION OF NEW HARVEST TO POINT OUT PROJECT. WHEN I ALSO THANK THE STAFF BECAUSE AGAIN, THEY'VE BEEN VERY HELPFUL TO THIS ENTIRE PROCESS WITH US. TO BRIEFLY RECAP THAT ECONOMIC IMPACT OF HARVEST TWO POINT TO POINT OUT, IT WILL BRING APPROXIMATELY 33 NEW JOBS THAT HISTORICALLY ANTON MCKINNEY AS WELL AS THE FIVE YEAR AVERAGE REVENUE ABOUT $3.7 MILLION. THESE ARE PRETTY CONSERVATIVE MEMBERS. I REALLY FEEL LIKE THAT WILL GO PAST $4 MILLION NOW, AS THE PROJECT ACTUALLY STARTED TO TAKE SHAPE. WILL INVEST $2.4 MILLION IN CONSTRUCTION AND RENOVATION JUST TO REPURPOSE THE BUILDING. BUT IN ADDITION TO THE DIRECT FINANCIAL IMPACT OF BOB, THE REPURPOSED BUILDING CAN UNLOCK THE FUTURE ECONOMIC IMPACT OF DOWNTOWN IN THE MCKINNEY AREA. 15 YEARS AGO, RICK'S CHOPHOUSE AND THE HOTEL, THE GRAND HOTEL BECAME THE ANCHOR OF DOWNTOWN HISTORICAL DISTRICT. HARVEST HAS BEEN IN DOWNTOWN FOR NINE YEARS AND WHAT WE HAVE HAD MANY OPPORTUNITIES. TO LEAVE DOWNTOWN. WE HAVE ALWAYS FELT LIKE DOWNTOWN SHOULD BE OUR HOME. THIS PROJECT CONSERVATIVES AND ANCHOR TO THE NORTH CORNER OF DOWNTOWN JOIN ADDITIONAL VALUE TO THE DEVELOPMENT OPPORTUNITIES AVAILABLE THERE ALL THAT ARE COMING IN THE COMING YEARS. HARVESTED AND NINE YEAR PROOF OF CONCEPT, BRINGING TENS OF THOUSANDS OF PEOPLE. DOWNTOWN YEARLY WHILE DRIVING TAX REVENUE TO THE CITY, THE COUNTY AND THE STATE. THIS PROJECT IS EXTREMELY COMPLICATED AS WE OPEN UP WINDOWS HAS BEEN CLOSED FOR DECADES, CUT HOLES THROUGH FLOORS TO ADD ELEVATORS, LIFT SERVICE STAIRWELLS AND INSTALLED KITCHENS ON THE SECOND FLOOR TO HELP SERVICE. WHAT SHOULD BE THE BEST. LIVE IT MENU. THE LIVE THE BEST LIVE MUSIC VENUE IN THE STATE ON THE THIRD FLOOR WITH SWEEPING VIEWS OF THE HISTORIC DOWNTOWN. THE ENGINEERING ALONE HAS BEEN A FEAT IN ADDITION TO BRING IN ALL THE SAFETY, HEALTH AND BUILDING CODES UP TO 2023 STANDARDS. IN ADDITION ABOUT TODAY, EVEN TODAY WE TESTED FOR AND FOUND LEAD BASED PAINT IN ALL OF OUR INTERIOR PAINTINGS.

THOSE TYPE OF THINGS POP UP TO US. THROUGHOUT THIS PROJECT. RE PURPOSE OF BUILDING TO DRIVE

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ALMOST EVERY WINDOW IS BEING OPEN AND CUSTOM FRAMED TO ALIGN WITH HISTORY. THE FRONT FACADE IS BEING COMPLETELY REDESIGNED AND ENGINEER TO LOOK THE WAY IT DID IN 1911, EVEN THOUGH MORTAR USED FOR THE BRICK REPAIRS ARE SPECIFIC AND REQUIRED TO REAL BAIT, REHABILITATE THIS BUILDING. CAN'T INNOVATION AND SUSTAINABILITY USING WHAT WE I ALREADY HAVE. AND DOING THINGS THE RIGHT WAY IS WHAT HARVEST STANDS FOR. THIS BUILDING SUPPORTS THE LOCAL COMMUNITY.

MOST MONEY MADE FROM OUR COMPANY STAYS RIGHT HERE IN OUR LOCAL COMMUNITY ARE VERY CLOSE TO IT.

WE PURCHASED FROM LOCAL COMPANY JUST NOT OUR FOOD PRODUCT PRODUCT, BUT ALMOST EVERYTHING WE USE OUR ARTISTS. OUR CRAFTSMEN ARE PROFESSIONALS ARE ALL INVOLVED WITH THIS NOTABLE IMPACT ON THIS PROJECT. WHAT IS MADE HERE STAYS HERE. WHAT WE LEARN. WE SHARE. WE HAVE A HISTORY OF SHARING WITH PEOPLE AND ORGANIZATIONS FOR HOW TO DO THINGS BETTER. THIS PROJECT HAS BEEN A DREAM OF OUR FOR YEARS. I'M EXCITED TO FINALLY SEE IT COME TO LIVE, NOTWITHSTANDING A FEW SURPRISES IN DELAYS. AFTER LEARNING THE CITY'S PLAN TO CONSOLIDATE OPERATIONS IN THE REDEVELOP SEVERAL SITES AND DOWNTOWN AREA EVEN KNOW HOW MORE IMPORTANT IT WAS TO REPURPOSE THIS BUILDING AND CREATE A LANDMARK DESTINATION TO THE NORTH. AND THAT LANDMARK IS GOING TO BE HARVESTED THE MASONIC THE BUILD THE BUILDING STANDS FOR DOING THINGS THE RIGHT WAY. IT SETS THE STANDARD FOR OTHERS TO FOLLOW. IT'S A LAST RENOVATION PROJECT IN DOWNTOWN AND WE'RE TRYING TO REPURPOSE THE BUILDING TO MAKE IT ONE OF THE MOST SIGNIFICANT.

APPRECIATE YOUR CONSIDERATION, HELPING WITH THIS PROJECT. WE LOOK FORWARD TO YOUR PARTNERSHIP . WE ALWAYS HAVE LOOKED FORWARD TO YOUR PARTNERSHIP. YOU'VE ALWAYS BEEN A PARTNER OF OURS AND WE REALLY APPRECIATE THAT. AND HOPEFULLY YOU GUYS CAN, UH, CAN AND WOMEN CAN CAN CAN CAN VISIT AND SEE IF YOU CAN HELP US OUT. WE'LL TAKE ANY QUESTIONS. I'LL ASK THEM AS BEST I CAN AND I'LL TRY TO STAY WITH THIS MICROPHONE. ANY QUESTIONS? RICK CAN YOU? UM THERE'S A POINT TO THIS QUESTION. BUT CAN YOU TELL ME WHAT THE PLANS ARE FOR THE EXISTING BUILDING THAT HOUSES HARVEST? THERE WILL BE A NEW RESTAURANT THAT COMES IN THERE. THOSE OPERATORS I HAVE NOT MET YET. I'M SUPPOSED TO HAVE LUNCH WITH THEM NEXT MONTH. THEY HAVE SEVERAL OPERATIONS AND A DFW AREA AND SEEMED TO BE PRETTY GOOD OPERATORS. OKAY, THANK YOU. RIGHT? THIS MAY BE A QUESTION FOR YOU. RECORD FOR PAULA. WHEN WE SAY ASSAD AND WE TYPICALLY HAVE A $25,000 BUCKET FOR HASSAN. MOST OF THOSE BUILDINGS JUST INCLUDES THE FRONT. BUT WHEN I SEE PICTURES LIKE THIS THIS BUILDING HAS GOT THREE SIDES THAT HAVE THAT ARE IMPACTED BY THE RENOVATION. AND BY THE WORK YOU'RE DOING AND SO FROM A FACADE IMPROVEMENT WHEN WE'RE TYPICALLY LOOKING AT A $25,000 BUCKET. WE'RE STARING AT WHAT IS LIKELY THE LARGEST YOU KNOW? I GUESS. SQUARE FOOTAGE OF SPACE ON THE OUTSIDE OF A BUILDING THAT WE'VE GOT IN DOWNTOWN. GUESS WHAT? WHAT IS? HOW DOES THAT COME INTO PLAY OR WHAT'S YOUR THOUGHTS ON THAT POWER? RIGHT I WILL HAVE TO LET PAUL ANSWER THAT QUESTION BECAUSE MY BREAKDOWN DOES NOT GIVE ME OR MAYBE KATE CAN ANSWER THAT QUESTION. I THINK WE CAN TAKE THAT ONE FOR YOU SO AS FAR AS FACADES DOWNTOWN YES. MANY OF OUR FACADES ARE ONE STORY OR TWO STORIES, AND A LOT OF THEM ARE INTERIOR. UH BUILDINGS AND SO

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SOMETIMES THEY HAVE 66 WINDOWS, BUT MOST OF THEM HAVE ABOUT THREE. IT DEPENDS ON IT DEPENDS ON THE BUILDING. AND IN THIS CASE, YOU KNOW, AS RICK MENTIONED THOSE WINDOWS AT THE TOP OF ENCLOSED FOR A LONG TIME, AND SO THERE WERE THERE'S WINDOWS THAT THEY'RE REPLACING ALL AROUND THE BUILDING, AND THEY ARE MAKING THEM WOULD WINDOWS AND SO, UM, YOU KNOW THAT I MEAN, JUST ON THE SIDE YOU CAN COUNT. 18 TO 20. BETWEEN THOSE TWO SIDES. 35 TOTAL WAS GOOD SAY, I'M SURE THERE'S MORE IT'S NOT A STANDARD PROJECT. TALK ABOUT ALSO THE CRITICAL MAINTENANCE. I KNOW. WE SAID, YOU KNOW, THIS WAS PLUMBING AND ELECTRIC PRIMARILY THAT WE'RE LOOKING AT IS THIS INTERIOR TO THE BUILDING? ARE YOU HAVING ISSUES WITH PLUMBING OUTSIDE OF THE WATER SUPPLY GETTING TO THE BUILDING. CAN YOU SPEAK TO THAT AS WELL? WE'VE CERTAINLY HAD ISSUES ON KENTUCKY. YOU KNOW, I'M AN ADVOCATE FOR NOT CLOSING STREETS DOWN SO I CERTAINLY BUGGED. OUR CONSTRUCTION KEPT ME QUITE A BIT OF A LAST 45 DAYS. CONTINUE TO FIGURE OUT HOW WE CAN GET THAT STREET OPEN AS FAST AS WE CAN. AND IT'S JUST TOUGH. WE'VE RUN. WE CONTINUE RUNNING THE PROBLEMS AS WE DIG EIGHT AND 10 FT TRENCHES AND WE SEE THINGS THAT YOU KNOW, HAVE HAVEN'T BEEN UNCOVERED FOR 100 YEARS. WE PEERS DAY. YEAH, WE'RE DOING A. 10 FT PILLAR IN THE GROUND A FEW WEEKS AGO AND JUST BARELY CREASED. CLAY SYRUP. I BARELY HIT IT. $11,000 EXPANSE. SEE WE ? YEAH I MEAN, I MEAN AND THE BAD PART ABOUT IT IS WE PAID $11,000, AND WE ONLY REPAIRED 10 FT OF IT. HMM. CLAY PART, THE CLAY PIPE STILL RUNS. SORRY THAT CLAY PIPE STILL RUNS FROM THE BACK OF OUR BUILDING ALL THE WAY TO AVENGE VIRGINIA. THOSE THAT KIND OF THING THAT IS, WE GROW AS A CITY, ESPECIALLY HISTORICAL DISTRICT BECAUSE WE'RE DEALING WITH CLAY PIPES, MAN. ONCE WE UNCOVER THAT WOULD BE AND I KNOW WE CAN'T DO. THAT IS THE WAY WE COULD RIGHT BECAUSE WE KNOW WE SHOULD FIX THE WHOLE THING. BECAUSE IF WE FIX THE WHOLE THING, WE CAN FIX IT FOR A THIRD A COST IF WE WAIT TILL IT BREAKS AND BREAKS AND BREAKS BECAUSE WHEN IT PROBABLY HAPPENS AGAIN, THAT'S PROBABLY A $10,000 EXPENSE FOR THE NEXT PROPERTY OWNER. I'M ASSUMING THIS IS ALSO UNPRECEDENTED WHEN WE'RE TALKING ABOUT ORACLE MAINTENANCE. FOR A PROJECT ON THE SQUARE. WE'VE HAD ANOTHER WE HAD ANOTHER PROJECT THAT HAD A LARGE CRITICAL MAINTENANCE ITEM. THAT WAS THE ONE. I'M GOING TO GET THE NUMBER WRONG 101 OR 1, 10, WEST LOUISIANA, THE WHITE BUILDING RIGHT ON THE CORNER THERE WHERE THAT WAS A LARGE FUND LARGE AMOUNT THAT WE FUNDED. THAT'S KIND OF WHERE THE MERITORIOUS EXCEPTION PROJECT CAME OUT OF BECAUSE THEY HAD A MAJOR STRUCTURAL ELEMENT TO FIX THEIR WALK BY THERE IS A STEEL BAR ACROSS THE TOP AND AN EXTRA COLUMN KIND OF BLENDED IN SO AND SO THERE ARE A FEW OF THOSE EXCEPTION FOR THAT PROJECT AS WELL. DO YOU REMEMBER WHAT THE AMOUNT WAS 100,000 RIGHT AROUND 100? ACTUALLY, IT MIGHT HAVE BEEN ONLY BEEN 80. BUT IT WAS RIGHT AROUND THAT NUMBER. ANY OTHER QUESTIONS FOR DIRECTORS.

THERE'S YOU'VE GOTTA HAVE A SPRINKLER IN THIS, RIGHT? YES, THERE WASN'T WAS WAS THERE ONE IN THERE? DID YOU PUT ARE YOU ELIGIBLE? IS HE ELIGIBLE FOR A SPRINKLER REIMBURSEMENT ON THIS? SHOULDN'T BE. IS THAT. I COME BACK UP HERE, SO THE AND KATE I THINK YOU CAN DOUBLE CHECK ME IF I'M WRONG, BUT THE M E D. C GRANT. OKAY THAT FOR US, DC, IS LEAVING IN THE EXTERIOR. PLENTY.

OKAY SO M E D C IS THIS IS THE STREET AND THEN, UM, C D C IS THE IS THE FIRE SPRINKLER SYSTEM BECAUSE THEY'RE ADDING A FIRE SPRINGS FROM A TOURIST PERSPECTIVE. THAT'S $50,000 THAT WE TYPICALLY GIVE TO PEOPLE WHO WERE PUT IN AND FIRE SUPPRESSION . THAT IS OUR ONE OF OUR NEWER POLICY ITEMS THAT WE ADDED BACK IN 2020 2021 SO THAT WE CAN COVER THAT FIRE SUPPRESSION ACROSS ACROSS THE CITY. AND SO, UM, YEAH, THEY'RE JUST NOT ASKING FOR IN THIS PARTICULAR

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UM THAT HAPPENED SIX MONTHS AGO , BUT THAT'S IMPORTANT THAT WE MAKE SURE PEOPLE UTILIZE THAT AND WE MAKE SURE IT'S PRICED. IN A WAY THAT ENCOURAGES PEOPLE TO USE IT BECAUSE IT IS ONE OF OUR BIGGEST RISKS IN DOWNTOWN. IF YOU'VE TAKEN THE TOUR IN AWHILE, EITHER FROM ME OR FROM GUY YOU WOULD HURT, I WOULD HAVE HEARD THAT THE REASON THAT OUR TOWN HAS SHAPED THE WAY IT IS BECAUSE WE HAVE SUFFERED FIRES. OVER THE YEARS WE HAD FOUR MAJOR FOUR OR FIVE MAJOR FIRES IN THE EARLY PART OF THE 20TH CENTURY. SO IT'S DEFINITELY BEEN A CONCERN A LONG TIME SO I WOULD ADD, AND I DO WANT TO MAKE SOME COMMENTS, BUT I'LL JUST ADD TO THAT DISCUSSION. THE FIRE SERVICE LINE THAT'S BEEN BROUGHT ACROSS KENTUCKY IS SIZE TO SERVICE. ALL THE ALL THE BUILDINGS KENTUCKY.

IT'S A REQUIREMENT THAT HE. LET ME ASK YOU TO HOLD ON YOUR COMMENTS FOR THIS SECOND, SEE IF THERE'S ANYBODY ELSE WHO WANTS TO SPEAK TO THIS ITEM BECAUSE WE'VE SPENT ABOUT 30 MINUTES ON IT SO FAR, AND WE HAVE TWO OTHER ITEMS WE NEED TO GET TO IS THERE ANYONE ELSE WHO WISHES TO SPEAK ON THIS ITEM? GREAT. THANK YOU. SO YOU WANT TO SPEAK ON THE. KIND OF CLOSE PUBLIC HEARING, TOO. MY NAME IS DAVID BECKETT WITH B TWO PROPERTY LEASING. WE ARE ON THE AGENDA LATER AND I DON'T WANT TO TAKE AWAY ANYTHING FROM HARVEST. BUT SINCE WE ARE ON THE AGENDA LATER, I'D PREFER NOT ALL THE FUNDS BE USED ON ONE PROJECT. SO UM, THAT'S REALLY ALL THAT I WANTED TO SAY. JUST KEEP US IN MIND. THANK YOU. AND DISCUSSION AMONG THE COUNCIL OR BOARD. WHAT. ER IF YOU WANT TO MAKE A MOTION WILL MAKE A MOTION TO CLOSE THE PUBLIC HEARING. ALL IN FAVOR. I THINK IT'S IMPORTANT TO NOTE THAT IF THIS PROJECT WERE TO BE APPROVED IN ITS FULL AMOUNT, AS WE STATED BEFORE, IT WOULD TAKE A BUDGET AMENDMENT BY THIS BOARD TO REPLENISH THE FUNDS TO MAKE SURE THAT I DON'T THINK ANY DECISION WOULD BE MADE UP HERE THAT WOULD PENALIZE OTHER PROJECTS AND PRETTY CONFIDENT OF THAT, SO I THINK THERE WILL BE WEIGHED. ON THE MERITS OF THE PROJECT, AND CERTAINLY THE BOARD HAS THE ABILITY TO REMEDY THAT, WITH A MOMENT TO THE BUDGET. UM I JUST WANT TO MAKE SOME COMMENTS BEFORE I DO, MR HAUSER. IF YOU WOULD CLARIFY, I HAD A FINANCIAL INTEREST IN FULL DISCLOSURE. I HAD A FINANCIAL INTEREST IN HARVEST AND THAT I WAS BEING PAID TO DO CONSTRUCTION. I HAVE TERMINATED THAT AGREEMENT. TERMINATED THAT RELATIONSHIP. I HAVE ZERO FINANCIAL INTEREST. I WILL NOT HAVE ANY FURTHER FINANCIAL INTEREST IN ANY WAY ANY SHAPE ANY FORM IN THIS PROJECT. AND I DID THAT. VERY SPECIFICALLY TO BE ABLE TO SPEAK TO THIS ITEM TONIGHT. I HAVE BLESSED TO BE WILL HAVE THE ABILITY TO DO THAT. AND BUT I FELT IT WAS IMPORTANT ENOUGH AND SO SINCE I DID THAT, I SURE WANT TO MAKE A COMMENT. LISTEN, CONFIRM. THAT'S MY UNDERSTANDING SURE, THAT THAT MY UNDERSTANDING IS CORRECT AGAIN, SO I AM CLEAR AND EVERYBODY NO. WE'LL NEVER HAVE ANYWAY ANY SHAPE ANY FORM ANY FINANCIAL INTEREST IN HARVEST? THANKS. CONCURRENT SO INFORMED THE BOARD IF YOU GET THE EMAIL IS SENT OUT. SO THE STATEMENT I WANT TO MAKE A AND I WANTED TO SPEAK ON IT BECAUSE I HAPPEN TO HAVE A INTIMATE KNOWLEDGE AS TO WHAT? UM WHAT THAT PROJECT HAS ENTAILED. TO DATE AND WHAT I ANTICIPATE BECAUSE WHAT I THOUGHT IT ENTAILED TO DATE. CHANGED OVER THE LAST THREE DAYS TO THE TUNE OF ANOTHER $35,000 WITH THE PIPE THAT YOU HEARD ABOUT A SWORD TAP THAT NOW NEEDS TO BE DONE. WE CAN'T USE THAT HE CAN'T USE THE SEARCH TAP THAT IS THERE CURRENTLY AND THAT'S ANOTHER $21,000 FOR A NEW TAP. WHEN YOU TALK ABOUT THE MAINTENANCE TO ANSWER THAT QUESTION FURTHER THAN IT WAS BEFORE. THE BUILDING STRUCTURALLY WHEN IT WAS CEILINGS WERE TAKEN DOWN. IT WAS IDENTIFIED THAT FLOOR JOISTS WERE WHERE SISTER JOYCE, THERE WAS JUST SCABBED TOGETHER AND STRUCTURALLY. I CERTAINLY WOULD NEVER HAVE SUPPORTED IN THE KITCHEN ON THE SECOND FLOOR.

SOME OF THINGS HAVE BEEN DONE OR SPECIFIC TO THE DECISION THAT WAS MADE TO REPURPOSE THE BUILDING. IT WAS GOING TO BE JUST AN OFFICE BUILDING. CERTAINLY THERE WILL BE SOME THINGS THAT WOULD NOT HAVE NEEDED TO BE DONE, BUT TO REPURPOSE IT, WHICH I BELIEVE IS STRONGLY IN THE BEST INTERESTS OF THE CITY AND THAT A RESTAURANT GENERATES. HUNDREDS OF THOUSANDS OF PEOPLE TRAFFIC OVER THE YEARS SALES TAX DOLLARS THAT'S NOT GENERATED FROM AN

[00:30:01]

THERE'S TALK ABOUT WINDOWS. I THINK THERE'S 35 OF THEM, EVERY ONE OF THEM HAVING TO BE COMPLETELY REBUILT AND RE GLAZED. UM JUST A TREMENDOUS AMOUNT. THERE'S THINGS THAT ARE JUST BECOMING IDENTIFIED NOW IN FURTHER REQUIREMENTS THAT THEY'RE GOING TO HAVE TO DO IN THE STAIRWELLS FOR OUR PROTECTION, WOULD NOT JUST BASED ON A RE RETHINKING THE CLASSIFICATION OF THE CONSTRUCTION. IT IS A HUGE PROJECT. HUGE PROJECT. UM. I YOU KNOW, I THINK IN TERMS OF THE INVESTMENT THAT THEY'RE MAKING OF CLOSE TO $5 MILLION, AND WHAT THEY ASK HERE IS IT'S A REALLY SMALL PERCENTAGE. PROJECT THAT THEY'RE TAKING ON IT WAS A GREAT POINT THAT YOU MADE. YOU KNOW WHEN WE TALK ABOUT OTHER ELEVATIONS AND OTHER FACADES, IT'S GENERALLY A 25 OR 50. FT WIDTH OF A FRONT SIDE. TWO STORY BUILDING. THIS IS THREE STORIES FORESIGHTED. WELL, ONE SIDE IS TWO STORIES BECAUSE THERE'S A ONE STORY BUILDING NEXT TO IT.

UM IT'S A MUCH DIFFERENT ANIMALS , MUCH BIGGER ANIMAL, AND IF THERE WAS EVER AN ARGUMENT FOR AN EXCEPTION, SOMETHING OUT OF THE ORDINARY THIS BUILDING WARRANTS IT. 100 FOLD OVER. I HAVE A DIFFERENT CONCERN. THE CONCERN IS THAT. WE CAN'T FUND. THERE'S PROJECT IN THE AMOUNT THEY ASKED FOR, AND IF WE FUND IT USING ARE A LOT OF MAXIMUMS. WE'VE BANKRUPTED OURSELVES FOR THE REMAINDER, AND I WOULD LIKE TO TAKE UP OUR BUDGET PRIOR TO MAKING A DETERMINATION ON THIS PROJECT. SO WE WILL KNOW WHAT KIND OF FUNDS WE HAVE TO WORK WITH. AND SO IF IT'S OKAY WITH THIS BOARD , I WOULD ASK THAT WE TABLE THIS MATTER. TAKE UP THE BUDGET AT OUR NEXT MEETING, SO WE WILL KNOW WHAT WE HAVE TO OPERATE WITH AND WE ALSO ADDRESS OR OTHER APPLICANTS CONCERNS THIS EVENING. IF WE IF WE OVERSPEND, IT'S JUST A MATTER OF APPROVING MORE MONEY. SO TO ME, IT'S NOT I DON'T KNOW THAT IT'S WORTHY OF PUSHING IT FORWARD. I THINK IT'S JUST AN ACCOUNTING. IT'S A CONTINGENCY. AT THAT POINT, WE WOULD MAKE A MOTION CONTINGENT ON ANOTHER ACTION MOTION WOULD BE IF WE WERE TO PROVE THIS THAT WOULD BE CONTINGENT UPON A BUDGET AMENDMENT. SUBSEQUENT BUDGET AMENDMENT. THAT WOULD PROTECT THE $14 MILLION. I MEAN, IT'S GOTTA GOTTA BUT SUGGESTING . WELL, THANK YOU, MARK. IF WE DO IT, IF WE DO IT A CONTINGENT FASHION, AT LEAST ALL THE APPLICANTS WOULD FEEL COMFORTABLE OF WHAT'S GONNA HAPPEN SO. UM I'LL MAKE A COMMENT. I'LL TRY TO MAKE HIS BRIEF AS I CAN. ON FEBRUARY ONE OF 1998. I SIGNED THE LEASE TO BE IN 1 19 WEST VIRGINIA STREET . IT WAS HALFWAY THROUGH CLINTON'S SECOND TERM. TITANIC WAS THE NUMBER ONE MOVIE IN THE NATION. I'M STILL THERE TODAY. I HAVE WATCHED THIS BUILDING FROM THE FRONT FROM THE FRONT OF MY WIT OFFICE EVERY DAY THAT I'VE BEEN TO WORK SINCE THEN I'VE WATCHED IT DETERIORATED DETERIORATED. THINK WHAT A SHAME IT IS. I WAS SO HAPPY WHEN YOU KNOW I FOUND OUT ABOUT THIS PROJECT, BUT I WANT TO MAKE A COMMENT ABOUT HOW I FEEL ABOUT THE WORK THAT RICK'S GROUP HAS DONE HERE. UM GOING BACK TO 1998 , YOU KNOW, UM WE HAD GOOD HUGHES OVER THERE. GREAT RESTAURANT. UM RICKS WASN'T EVEN A DREAM AT THAT POINT. BUT YOU KNOW, RICK'S CHOPHOUSE IS BLENDED IN AND HARVEST IS BLENDED INTO THE BACKGROUND OF WHAT IS THE SQUARE AND I THINK ON SOME LEVEL WE AND I'LL CERTAINLY SAY, I TAKE IT FOR GRANTED THAT IT IS FIRST CLASS. IN MY BUILDING LAST MONTH. UM, IT WASN'T FINISHED RIGHT? IT WASN'T DONE BY THE SAME TEAM THAT DUD RIGS. IT WASN'T DONE PROPERLY AND THE CEILING WAS FALLING IN BECAUSE THEY PUT THE CEILING INTO THE JOINTS WITH FINISH NAILS. I WAS SHARING THIS WITH RICK. UM RICK DOES GREAT WORK I GET THIS IS A BIG ASK. I UNDERSTAND THAT IT'S A DROP IN THE BUCKET. I UNDERSTAND THE PROBLEMS HE'S DONE, BUT I'M SO APPRECIATIVE AS A FAN AND A STAKEHOLDER OF THE DOWNTOWN MCKINNEY SQUARE THAT IT'S HIS GROUP THAT'S DOING THIS AND SO WHATEVER WE NEED TO DO WITH RESPECT TO CONTINGENCY. I'M FOR DOING THE LEVEL OF HELP THAT WE CAN DO WITH RESPECT TO THE MERITORIOUS EXCEPTION. THANK YOU, MR MAYOR. THANK YOU, CHARLIE. I HAVE A QUICK COMMENT, I WHEN I'VE HEARD OF THE ASK. I JUST WAS IN MY HEAD. I'M JUST THINKING, NO WAY. UM AND THEN AND THEN YOU FIND OUT ALL THE THINGS THAT GO INTO THIS AND THEN YOU REALIZE I MEAN, WHEN PEOPLE COME TO DOWNTOWN MCKINNEY

[00:35:04]

THAT DIDN'T HAPPEN. EVERYBODY STAYED HERE. AND COLLECTIVELY KEPT THE. UM, DOWNTOWN AREA THRIVING. AND. WE'RE TO A POINT WHERE IF WE DON'T PUT MONEY IN THESE BUILDINGS IF WE DON'T CONTINUE TO MAINTAIN IT WILL BE BACK IN THE SAME POSITION AT SOME POINT, SO I THINK IT'S A GOOD IDEA. I THINK, UH, RICK WELLS IS DOING A GREAT PROJECT THERE. UM, IT WILL BE VITAL TO THE DOWNTOWN. IT'LL HELP THAT INTO THE SQUARE. UM SO, UM, IN FAVOR, PUTTING AS MUCH MONEY AS WE NEED TO HELP THAT PROJECT. SO HOW DID HOW DID YOU COME UP WITH THE 302 100 OR 100,000? IS IT JUST STRICTLY 100,000 PER CATEGORY OR IS THERE SOMETHING IN THE POLICY THAT SAYS THAT WAS ALREADY STANDARD OF THE MERITORIOUS? THE SOUTH EXCEPTION WAS 100,000. SO OUR POLICY GUIDELINES ADMINISTRATIVE POLICY GUIDELINES SAY THAT A MERITORIOUS EXCEPTION IS $100,000 PER PROJECT. WITH A 50 50 MATCH. AND SO THE $300,000 NUMBER IS THAT $100,000 PER THE THREE DIFFERENT PROJECTS THAT YOU HAVE THERE. THE BUDGET AMENDMENT SECTION WOULD DEPEND ON HOW MUCH MONEY YOU WANTED TO TAKE OUT OF IT. SO RIGHT NOW WE'VE GOT THE 300,000. SO IF YOU DID KNOW, BUDGET AMENDMENT, IT WOULD USE IT ALL IF YOU DID A BUDGET MINIMUM OF 100,000 THAT WOULD THAT WOULD LEAVE $100,000 IN THE BUDGET. IF YOU DID 200,000, IT WOULD LEAVE 200,000 . DIDN'T WE DO A MUCH LARGER AMOUNTS DIRECTLY FOR ENVIRONMENTAL REMEDIATION ON THE EAST SIDE UNIVERSITY. WE DID, BUT THAT WAS A DIFFERENT TYPE OF PROJECTS. SO WE HAVE WHAT'S CALLED THE VACANT UNDERUTILIZED AREA OF THE TOURS, AND WE HAVE THE CATALYST AREA OF THE TOURS.

CATALYST PROJECTS ARE FOR PROJECTS. WITHIN A CERTAIN BOUNDARY. AND OVER $5 MILLION AND SO THAT PREVIOUS PROJECT CAME IN UNDER THE CATALYST PROGRAM AND THAT CATALYST PROJECT PROJECT BOUNDARY. THIS PARTICULAR PROJECT IS BOTH UNDER 500,000 AND OUTSIDE OF THAT CATALYST BOUNDARY, OKAY, PART OF THE PROJECT. AND SO THAT'S THE MERITORIOUS EXCEPTION. I'M JUST SAYING THAT IF IT WERE TO MEET THAT CRITERIA, I WOULD SUPPORT THE ENVIRONMENTAL REMEDIATION UP TO 50 50 FOR YOU KNOW A LARGER AMOUNT BECAUSE THERE, YOU KNOW, LEAD BASED PAINT IS GOING TO BE ON THE INTERIOR AND EXTERIOR INTERIOR PAINTS GONNA THINK, UNDOUBTEDLY WELL. WOULD BE ENVIRONMENTAL REMEDIATION AS WELL AS ASBESTOS, AS WELL AS I'M I I'M SCARED TO THINK OF WHAT ELSE IS GOING TO RUN ACROSS, BUT, YOU KNOW HE'S GONNA TAKE CARE OF IT, AND THIS IS SUCH A SMALL PERCENTAGE RELATIVE TO THE VALUE OF THE PROJECT. UNFORTUNATE THAT IT'S NOT INSIDE THE CATALYST PROJECT. I THINK NEARLY $5 MILLION. OR MAYBE OVER FIVE MILLION BY THE TIME IT GETS DONE PROJECT IS DEFINITELY GONNA BE A CATALYST. WHICH LEADS ME TO BELIEVE THAT PERHAPS THE APPLICANT WOULD LIKE TO KNOW WHAT OUR BUDGET IS ON THIS SO THE ASK IS FOR 400,000. YES 300 . THEY ASK US FOR WE KEEP TALKING 300, BUT THE ASK IS 400,000. YES. HOLD ON WHERE TO GO. 4 31 94 31 900. I THINK WITH, I THINK WITH THE LEAD BASED ISSUES ON TOP OF ASBESTOS

[00:40:04]

I WOULD THAT IS TOTALLY UP TO THIS BOARD MOTION FOR THE 4 31 900 AGAIN CLARIFY THAT THAT 4 39 4 31 900 INCLUDES THOSE TWO INELIGIBLE EXPENSES OF THE 22,000 FOR THE INTERIOR PAINT AND THE 17,000. PLUS I THINK THAT COULD BE MADE UP, GIVEN THAT THE BUDGETS ARE SO HIGH AND SOME OF THE OTHER THINGS THAT EVEN IF WE'RE 50 15, WE CAN GET TO THAT. 4 31 COMPLIANT LEE BASED ON WHAT THEY'VE APPLIED FOR AVIATION ANYWAY, BECAUSE IT'S LED BASED RADIATION FOR BOTH. THE SHEET ROCK AND THEN INTERIOR PAIN. CAN WE? CAN WE MAKE A I MEAN, OBVIOUSLY YOU'RE GOING TO LOOK AT THESE NUMBERS AND MAKE A MATCH. CAN WE JUST SET A NUMBER AND MAKE SURE THAT THOSE THAT THEY MEET THE 50% THAT THEY'RE REQUIRED TO MEET CERTAIN LIMIT UP TO A LIMIT, OR DO WE HAVE TO ANOTHER WORD? IN OTHER WORDS, THE MOTION COULD BE THEORETICALLY 4 31 900. UM CONTINGENT UPON THE BUDGET AMENDMENT, AND, UM A RE APPLICATION OF OTHER OTHER REQUESTS THAT MEET THE STANDARDS , WHICH I THINK THEY HAVE TO PROVIDE DOCUMENTATION TO MAKE ANY OTHER EXPENSES ELIGIBLE, WHICH, RIGHT NOW WHAT THEY HAD WHAT THEY HAVE SUBMITTED. WASN'T YOU KNOW THAT DIDN'T INCLUDE THE THINGS THAT WOULD MAKE THIS GENERATIONAL APPROVE IT CONTINGENT ON PROVIDING AN ELIGIBLE EXPENSE. RECEIPTS. WELL WE HAVE THREE DIFFERENT REQUEST , OR I THINK IT CAN BE VIEWED AS THREE DIFFERENT REQUESTS AND I WANT TO MAKE SURE BASED ON MR HALE'S COMMENTS THAT IF WE GAVE 100,000 TOWARDS THE ENVIRONMENTAL REMEDIATION THAT IT COULD BE USED FOR OTHER THAN THE 40,000 THAT THEY'RE REQUESTING, OR WE'RE GOING TO RIDE HARD ON THE ACCOUNTING SIDE OF THIS, MAKE SURE THEY'RE USING IT FOR ONE IT WAS ALLOCATED FOR WELL, WHEN WE DO THE AGREEMENTS , IT'S WRITTEN BASED ON WHAT WAS WHAT IT'S WHAT IT'S ALLOCATED FOR. AND SO WHENEVER THE AGREEMENT IS WRITTEN, WE WOULD HAVE TO HAVE DOCUMENTATION TO MATCH THOSE PARTICULAR ITEMS. SO IF THEY SAID IT WAS 40,000 IN REMEDIATION, THEY'D HAVE TO BRING US 40,000 REMEDIATION AND 2 25 AND CRITICAL MAINTENANCE, ETCETERA, ETCETERA. YET WITHIN CATEGORY. BY THE WAY, WE'RE NOT GOING TO DO IT. BUDGET AND MANAGEMENT. WE'RE PUTTING THIS ON THE MAYOR'S CREDIT CARD. SECOND THING THAT IT. EVERYTHING ELSE IS SPEAKER IS GOING TO BE A BIG. OKAY, SO THIS IS THE MOTION NEED TO BE KIND OF AMENDED TO SAY. I THINK THE MOTION WOULD BE REQUESTED TO APPROVE $431,900. CONTINGENT UPON A BUDGET AMENDMENT AND, UM, THE SUBMISSION OF RECEIPTS THAT ARE ELIGIBLE FOR ANY OF THOSE THREE CATEGORIES IF THEY CAME IN WITH $250,000 IN CRITICAL MAINTENANCE. PART OF THAT. 22 17 3 50 COULD BE USED FOR THAT. IN MY MIND, THERE WOULD BE THAT IT'S JUST TIED TO HAVE TO BE ELIGIBLE. REIMBURSABLE EXPENSES FOR 50. OF ANY OF THE CATEGORIES THAT ARE ELIGIBLE. TO THE 4 31 900. SO MOVED. EXCUSE CHANGING.

SECOND, YOU GOTTA WE GOTTA HMM. MOTION THE 2ND 2ND. MR FRANKLIN CHAIR. WHO MADE THE MOTION DOCTOR FELTON'S SMITH MOTION, MR FRANKLIN SECOND ALL IN FAVOR. ANY OPPOSED. THAT WAS SUBJECT TO BUDGET AMENDMENT. CORRECT THANK YOU. MOTION PASSES CAN CORRECT THANK YOU. MOVE ON TO ADAM

[Conduct a Public Hearing to Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with B2 Property Leasing, LLC, for the Facade Rehabilitation at 212 E Louisiana Street.]

[00:45:06]

[Conduct a Public Hearing to Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with B2 Property Leasing, LLC, for Fire Suppression improvements at 212 E Louisiana Street]

[00:50:02]

THAT I DON'T REMEMBER. JUST CURIOUS. DO YOU HAVE THAT? DAVID . YEAH ALRIGHT. LITTLE REFORM DOESN'T. ANY OTHER QUESTIONS. THE APPLICANT LIKE TO ADDRESS US ON THIS ISSUE. HE CAN STAND FIRM. A WHAT YOU'VE ALREADY TOLD US UNLESS YOU GUYS HAVE ANY OTHER QUESTIONS ABOUT. I MEAN, I WILL SAY THIS BUILDING HAS BEEN ON FIRE BEFORE. UM AS AS YOU KNOW. YOU STARTED OPENING UP A LOT OF THESE BUILDINGS DOWN HERE. YOU START FINDING OUT THEY'VE ALL HAD SOME FIRE DAMAGE IN THE PAST, AND WE'RE LOOKING AT THIS AS A LONG TERM INVESTMENT AGAIN. WE LOVE DOWNTOWN MCKINNEY. WE WANT TO MAKE IT BETTER. UM, SO THAT'S WHY WE'RE HERE. THANK YOU ONCE AGAIN ANY QUESTIONS FOR THE APPLICANT? THIS IS PUBLIC HEARING ON HIM IF ANYONE ELSE WHICH IS TO ADDRESS US ON THIS ISSUE, PLEASE COME FORWARD. SAYING NONE ALL ENTERTAINED EMOTION. FORTUNE THAT WE APPROVE THE CLOSING. I'LL SECOND. BY THE WAY, WE NEED TO MAKE BOTH THIS ONE IN THE LAST ONE SUBJECT TO BUDGET AMENDMENT. I DON'T THINK WE'RE GETTING CLOSE. ARE WE I THINK WE'RE OKAY. YEAH IF THE OTHER PROJECT IS GOING TO HAVE A BUDGET AMENDMENT, THEN WE HAVE THEN THERE'S MONEY IN THERE FOR THESE TWO. IT DEPENDS ON IF YOU MAKE A BUDGET AMENDMENT FOR THE WHOLE AMOUNT FOR THE OTHER PROJECT, I JUST DIDN'T WANT THE GENTLEMAN FROM B TO WALKING OUT SHAKING THEIR HEADS. THANK YOU. QUICK, QUICK QUESTION. I MEAN, SO IS THAT LIKE SO WOULD WE NEXT AT OUR NEXT MEETING, WE WOULD WOULD WE WANT TO LOOK AT EXPANDING THAT, YOU KNOW, MOVING , MOVING, MOVING MONEY FROM ONE SIDE OF THE LEDGER TO THE OTHER SIDE, SO WE HAVE MONEY TO DO MORE OF THESE PROJECTS. WE COULD . YEAH YEAH, BECAUSE WE'LL BE DOING A BUDGET THAT THAT WE PUT ON THE NEXT AGENDA, RIGHT? EXACTLY. WE CAN ENTERTAIN THAT FIGHT. THAT GENDER CHARLIE. SEE THE EMOTIONAL IS MADE BY COUNCILWOMAN FELT THIS SECOND MIND. FRANKLIN FRANKLIN ALL IN FAVOR. ALRIGHT OPPOSED THE MOTION PASSES BELIEVE THAT'S THE LAST TIME, UM, THAT WE HAVE ON OUR AGENDA IF THERE'S NOTHING FROM OUR BOARD MEMBERS WOULD SO MOVED. 2ND 2ND, WE ARE ADJOURNED. THANK YOU. BYE BYE. WE ARE JERK. WANT TO UNDERSTAND

* This transcript was compiled from uncorrected Closed Captioning.