[JOINT MEETING CALL TO ORDER]
[00:00:05]
TODAY. WE ARE THE CITY COUNCIL UP HERE, CALLING THE MEETING TO ORDER ON TUESDAY, APRIL 25TH YEAR 2023. IT'S 302 IN THE AFTERNOON AND WE'RE IN COUNCIL CHAMBERS AT 2 22 NORTH TENNESSEE STREET. AND WE ARE JOINED BY OUR ILLUSTRIOUS AND CDC. SO CALL YOUR BOARDS TO ORDER. THAT'S ENOUGH OUT OF YOU. GOOD AFTERNOON. UM WE ARE OPENING THE MEDIA JOINT MEETING FROM MCKINNEY COMMUNITY DEVELOPMENT CORPORATION HERE AT CITY HALL CHAMBERS TO NORTH TENNESSEE STREET. WE CALL THE MEETING TO ORDER RIO THREE. I DO WANT TO RECOGNIZE WE HAVE OUR VICE CHAIR DAVID KELLEY, OR SECRETARY DEBORAH BRADFORD TREASURER CATHERINE MCGILL. WE HAVE OUR ALTERNATE JOHN DILLON, TONIA FOR BOARD MEMBER, MARY BARNES, TILLY . WE HAVE BOARD MEMBER DAVID WAS SHAKING AND BOARD MEMBER JOYFUL. THANK YOU. GOOD AFTERNOON. BRIAN LOCK MILLER CANADA ECONOMIC DEVELOPMENT CORPORATION AT THIS TIME I'LL CALL THIS COLLAR MEETING ORDER AS WELL, I GUESS 303 PM AND WE'RE ALL HERE. I'M GLAD THAT YOU WENT WITH THAT BECAUSE I WAS FEELING A LITTLE
[INFORMATION SHARING ITEM]
INADEQUATE THAT ANGELA EVERYBODY. UM ALRIGHT, FIRST ORDER OF BUSINESS BEFORE WE GET INTO OUR JOINT MEETING IS A PROCLAMATION FOR ADMINISTRATIVE PROFESSIONALS WEEK THEY WOULD ALL JOIN ME UP FRONT. PARTY. ALRIGHT. CITY MCKINNEY PROCLAMATION, WHEREAS ADMINISTRATIVE PROFESSIONALS WEEK IN ADMINISTRATIVE PROFESSIONALS DAY HAVE BEEN RECOGNIZED ANNUALLY SINCE POST WORLD WAR TWO ERA BY THE INTERNATIONAL ASSOCIATION OF ADMINISTRATIVE PROFESSIONALS IN THE UNITED STATES, SECRETARY OF COMMERCE WHEREAS ADMINISTRATIVE PROFESSIONALS OR THOSE RESPONSIBLE FOR ADMINISTRATIVE TASKS FOR SUPPORTING AN OFFICE ENVIRONMENT AND FOR FURTHERING THE GROWTH AND DEVELOPMENT OF ANY GIVEN PROFESSION. AND WHEREAS ADMINISTRATIVE WORK INCLUDES A WIDE VARIETY OF DUTIES, INCLUDING OFFICE MANAGEMENT, RECEPTION SERVICES, CLIENT ENGAGEMENT, CLERICAL WORK AND RECORDS, MAINTENANCE AND DIFFERENT JOB TITLES AT ALL LEVELS OF AN ORGANIZATION THAT MAY FALL UNDER THE CATEGORY OR INCORPORATE SIGNIFICANT ELEMENTS OF ADMINISTRATIVE PROFESSIONALISM WITHIN THEIR ROLES, WHEREAS ADMINISTRATIVE PROFESSIONALS CONTRIBUTE TO TEAM ORIENTED WORK ENVIRONMENTS AND ARE NATURAL FRONTLINE AMBASSADORS WE PROUDLY ACKNOWLEDGE THEIR EFFORTS AND SUPPORTING THE CITY OF MCKINNEY , ORGANIZATIONAL VISION, VALUES AND GOALS AND PROVIDING EXCEPTIONAL SERVICE FOR OUR COMMUNITY. THEREFORE I GEORGE FULLER, BY THE POWER VESTED IN ME AS MAYOR OF THE CITY OF MCKINNEY, TEXAS, DO HEREBY PROCLAIM ADMINISTRATIVE PROFESSIONALS WEEK TO BE THE WEEK OF APRIL 23RD TO 29TH 2023 ADMINISTRATIVE PROFESSIONALS DAY TO BE WEDNESDAY, APRIL 26TH 2023 MCKINNEY, TEXAS WITNESSED MY HAND AND SEAL THIS 25TH DAY OF APRIL.ALL RIGHT. THANK YOU, MAYOR. HOLD ON. DON'T ANYBODY LEAVE YET? I JUST WANT TO SAY ONE LAST THING. UM YEAH, IT'S ALWAYS PAUSE FOR THE PHOTOS. UH, JUST JUST A COUPLE OF COMMENTS FOR OUR FOLKS, YOU KNOW, THEY KNOW THEIR JOB DESCRIPTION AND WE ALL KNOW WHAT THOSE THINGS ARE. BUT THERE'S IT'S THE UNWRITTEN STUFF IS WHAT THEY GET DONE EVERY DAY. I CAN'T TELL YOU HOW MANY TIMES THAT AMY AND BLANCA AND OUR OFFICE I KNOW YOU ALL DEAL WITH IT TO WHERE YOU GET SOME ANGRY CUSTOMERS OR FOLKS THAT JUST THERE YOU'RE THE FIRST PERSON THEY SPEAK WITH, OFTENTIMES WHEN THEY CALL THE CITY AND THERE ARE SOMETIMES VERY ANIMATED, AND YOU'VE USUALLY SOMEWHAT SHELTER US, I SUPPOSE FROM THEM, AND THOSE AREN'T EASY. THERE'S LOTS OF OTHER THINGS YOU DO TO MAKE.
KEEP US OUT OF TROUBLE, AND I KNOW ON BEHALF OF ALL OF OUR PROFESSIONAL STAFF. INCLUDING MYSELF. WE THANK YOU FOR EVERYTHING. YOU DO WHAT'S REALLY NEAT FOR THE COUNCIL AND FOR THE FOLKS HERE IS WE'VE GOT A SPECIAL TRAINING FOR THEM THURSDAY. UM, THEY'RE GONNA DR JENNIFER PARVIN, WHO IS REALLY A GREAT COACH. IF YOU WILL PROFESSIONAL COACH. SHE'S DONE SOME WORK WITH OUR EXECUTIVE LEADERSHIP TEAM. SHE HAS A SESSION THURSDAY FROM NINE AM TO NOON, AND THEY'RE PROVIDING LUNCH. FOR ADMINISTRATIVE PROFESSIONALS TO GIVE YOU SOME EXTRA INSIGHTS AND TRAINING. I THINK IT'LL BE REALLY WORTH YOUR WHILE AND WE'RE HAPPY TO DO THAT SORT OF AS A SIGN OF APPRECIATION. IF YOU WILL, FOR ALL THE GREAT THINGS ARE ADDING IN PROFESSIONALS DO SO. THANKS FOR EVERYTHING AND HAPPY I MEANT PROFESSIONALS WEEK MONTHS. I HAD ONE. I JUST WANT TO ADD. I WANT TO APOLOGIZE FOR THE REST OF MY COUNCIL BECAUSE I KNOW THEY'RE
[00:05:04]
THE ONES RESPONSIBLE. NOT ME FOR SOME OF THAT ANIMATED CAUSE OF BLANCA, GET THAT THAT BECAUSE OF SOCIAL MEDIA PRESENCE AND SOME OF THE THINGS THAT THEY ALL SAY AND DO AND I'M I'M JUST SORRY THAT YOU ALL DO THAT IF SO, ON BEHALF OF THEM. I APOLOGIZE THAT YOU GUYS DEAL WITH SOME OF THOSE ANIMATED CALLS, OKAY? IT'S CERTAINLY NOT ME. RIGHT? WHY IS EVERYONE LAUGHING AT THAT? IS THAT THANK YOU ALL SERIOUSLY FOR WHAT YOU DID. IT'S ALL OKAY. IT'S NOT ME. IT'S ON ONE.ALRIGHT PUBLIC COMMENTS ON AGENDA ITEMS I DON'T SHOW THAT WE HAVE ANYBODY SIGNED UP TO
[II. EXECUTIVE SUMMARIES OF STRATEGIC GOALS]
SPEAK. WE WILL MOVE RIGHT INTO EXECUTIVE SUMMARIES OF OUR STRATEGIC GOALS WILL START WITH THE CITY, I BELIEVE, IS IT, BARRY? THAT IS PRESENTING YES. ALL RIGHT. GOOD AFTERNOON, EVERYONE HAPPY TO BE HERE WITH ALL THREE OF THE BOARDS. WE HAVE A PRESENTATION TODAY AND IT'S THE PRESENTATION IS GREATLY ABOUT COLLABORATION AND COLLABORATION BETWEEN THE CITY AND THE ECONOMIC DEVELOPMENT CORPORATION IN THE COMMUNITY DEVELOPMENT CORPORATION.IMPORTANT STEP TO MAKE SURE THAT WE ARE WE'RE PARTNERING WHERE WE NEED A PARTNER AND THAT WE'RE WORKING TOGETHER AS MUCH AS POSSIBLE. AND THIS WAS KIND OF THE BRAINCHILD OF OUR CITY MANAGER PAUL GRIMES, AND WE STARTED TALKING ABOUT THE THREE GROUPS AND KIND OF WHAT THEY DO AND HOW WE WORK TOGETHER AND I HAVE BEEN DIAGRAMS A GREAT OPPORTUNITY TO ILLUSTRATE THAT AND IT'S A LITTLE WASHED OUT. BUT I'M GOING TO READ THROUGH SOME OF THIS, BUT YOU CAN SEE THERE'S THE CDC ON THE LEFT TOP AND THE ON THE RIGHT TOP IN THE CITY HERE ON THE BOTTOM. AND WE HAVE DIFFERENT FUNDING MECHANISMS. WE HAVE DIFFERENT GOALS AND STRATEGIC PLANS, BUT WE WORK TOGETHER ON A LOT OF THESE THINGS. AND SO IT WAS REALLY IMPORTANT FOR US TO GET TOGETHER TO MAKE SURE THAT WE ARE COORDINATING WHERE IT IS. WE WORK TOGETHER. BUT YOU CAN SEE THE CDC PRIMARILY FOCUSING ON OUR RETAIL INFRASTRUCTURE, COMMUNITY EVENTS AND PROMOTIONAL GRANTS ON THEIR OWN. BUT THEY ALSO PARTNERED WITH THE CITY ON THINGS LIKE PARKS AND OPEN SPACES AFFORDABLE HOUSING. MUNICIPAL FACILITIES AND RETAIL RECRUITMENT. THE PRIMARY GOALS ARE ON WORKFORCE DEVELOPMENT, BUSINESS RETENTION, JOB GROWTH AND SITE DEVELOPMENT. BUT THEY WORK TOGETHER WITH THE CITY ON CORPORATE RELOCATIONS. AND SO WE PARTNER ON A LOT OF THOSE DEALS AS WE GO FORWARD IN THE CITY, THINGS THAT WE DO KIND OF SOLE SOURCED. I GUESS WE PROVIDE PUBLIC SAFETY WE PERMIT AND INSPECT DEVELOPMENT AS IT COMES IN TO BE BUILT. WE HAVE THE FINANCE AND OPERATIONS FUNCTIONS AS WELL AS DEAL WITH INFRASTRUCTURE, BOTH CONSTRUCTION, CONSTRUCTING INFRASTRUCTURE AND MAINTAINING OUR EXISTING INFRASTRUCTURE, A LOT OF BIG THINGS, BUT WHEN YOU TAKE ALL THREE OF THE BODIES, AND YOU LOOK AT THE THINGS WHERE WE ALL OVERLAP TOGETHER AND WORK ON COMMON GOALS, INFRASTRUCTURE IS AN AREA FUNDING OF INTEREST.
NEW INFRASTRUCTURE IS A NEW AREA A NEW PARTNERSHIP BETWEEN THE THREE PARTIES. ECONOMIC DEVELOPMENT CATALYST PROJECT, SO SOME OF THE BIG PROJECTS THAT EITHER COME THROUGH THE CITY SOME COME THROUGH THE CDC AND SOME COME THROUGH THE WE ALL WORK TOGETHER TO MAKE THOSE A REALITY HERE IN MCKINNEY AND THEN, OF COURSE, ECONOMIC DEVELOPMENT IN GENERALLY, I KNOW IT'S IN THE GOALS OF ALL THREE BODIES TO DEVELOP MCKINNEY AND TO BE THE CITY THAT WE THINK WE CAN ALL ACHIEVE, AND, IN FACT BUILDING THE ECONOMIC DEVELOPMENT PROJECTS THAT MAKE THAT A REALITY. SO WHEN WE TALK ABOUT THE STRATEGIC GOALS TODAY AND THE THREE PARTIES, THE IDEA WAS TO LOOK AT IT. IT KIND OF IN THIS FRAMEWORK SO THAT WE CAN SEE WHERE WE HAVE THOSE COMMONALITIES AND CONTINUE TO WORK ON THAT COORDINATION TO DO AN EVEN BETTER JOB. MOVING FORWARD. SO AGENDA TODAY. WE'RE LOOKING AT STRATEGIC PRIORITIES , UM, AND YOU'LL SEE THIS PRESENTATION KIND OF COVERS A LOT OF WHAT'S ON THE AGENDA, AND IT'S NOT NECESSARILY WHERE WE HAVE TO GO BACK AND CALL A NEW AGENDA ITEM FOR EACH ONE. UM BUT THE PRESENTATIONS TODAY ARE GOING TO BE FROM FIRST THE CDC AND THEN THE CITY FINANCE DEPARTMENT, BUT WE'RE GOING TO START WITH LOOKING AT STRATEGIC PRIORITIES. LOOK AT A LONG TERM REVENUE OUTLOOK. LOOK AT THE FUTURE FUNDING PRIORITIES, AND THIS IS REALLY IMPORTANT. SOME OF THE CONVERSATIONS THAT HAVE BEEN GOING ON TALKING ABOUT WE HAVE A LOT OF EXCITING THINGS COMING THROUGH THE PIPELINE HERE IN MCKINNEY, AND WE DO HAVE UM FINITE FUNDING COMING INTO THE PARTIES AND SO PRIORITIZING THOSE PROJECTS SO THAT WE ADDRESS THE THINGS THAT THE HIGHEST PRIORITY NOT NECESSARILY THE FIRST THREE FIRST THING THROUGH THE DOOR, SO WE'RE BUILDING THE BEST PROJECT, NOT THE FIRST PROJECT AND MAKING SURE THAT THE FUNDING PRIORITIES ARE ALIGNED WITH THE PARTY. THE THREE ORGANIZATIONS TO ACHIEVE THOSE HIGHEST PRIORITY PROJECTS. AND THEN WE'RE GONNA GO INTO
[00:10:04]
EXECUTIVE SESSION BECAUSE WE HAVE SOME SPECIFIC INFORMATION ON SPECIFIC PROJECTS IN THE WORKS. THAT'S WHERE WE ARE TODAY , AND I'M GOING TO STOP START BY TALKING ABOUT THE CITY OF MCKINNEY'S STRATEGIC PLAN. WE HAVE A STRATEGIC PLAN. IT'S OVER HERE. THE SIX PILLARS OF ST STRATEGIC PLAN OR ON THE WALL HERE IN THE CITY COUNCIL CHAMBERS. AND THEY HAVEN'T CHANGED OVER THE LAST SEVERAL YEARS. THE BIG CATEGORIES HAVE NOT CHANGED. WE HAVE KEPT THE SAME SIX PILLARS. HOWEVER WE WORK WITH THE CITY COUNCIL EVERY FEBRUARY AND WE SIT DOWN AND GO THROUGH A STRATEGIC PLANNING PROCESS WITH A CONSULTANT THAT HELPS US FINE TUNE THE GOALS AND OBJECTIVES THAT KIND OF SLIDE IN UNDERNEATH EACH OF THESE PILLARS , WHILE WE ALWAYS WANT TO HAVE DIRECTION FOR STRATEGIC AND ECONOMIC GROWTH. THE YEAR TO YEAR OBJECTIVES UNDER THAT PILLAR MAY CHANGE, DEPENDING ON WHAT IS IMPORTANT FOR THAT FISCAL YEAR. OPERATIONAL EXCELLENCE. I REMEMBER WHEN WE ADDED OPERATIONAL EXCELLENCE YEARS AGO TO THE STRATEGIC PLAN FOR THE CITY COUNCIL, AND THE IDEA WAS WE PROVIDE SERVICES WITH THE CITY WHETHER IT'S THROUGH OUR PUBLIC WORKS OR PUBLIC SAFETY OR OUR DEVELOPMENT SERVICES DEPARTMENTS OR ANY OTHER DEPARTMENT AND THE GOAL WAS SET TO PROVIDE THOSE SERVICES IN AN EXCELLENT MANNER AND BEING, YOU KNOW, TOP OF CLASS IN TERMS OF PROVIDING THE BEST SERVICE WE CAN TO THE CITIZENS OF MCKINNEY. THE MAXIMIZE DEVELOPMENT POTENTIAL OF MCKINNEY NATIONAL AIRPORT.THIS HAS BEEN A GOAL FOR MANY YEARS, AND IT CONTINUES TO BE SO AND HAD THE SPECIFIC PROJECTS MAY CHANGE YEAR TO YEAR, BUT THE OVERALL GROWTH OF THE AIRPORT HAS BEEN THE GOAL OF THE CITY COUNCIL FOR WELL OVER A DECADE AND HAS BEEN ON THE STRATEGIC PLAN. FINANCIALLY SOUND GOVERNMENT. OF COURSE, THIS GOES WITHOUT SAYING WE WANT TO BE GOOD STEWARDS OF THE TAX DOLLARS AS THEY COME IN. WE WANT TO MAKE SURE THAT WE ARE DOING THINGS IN THE RIGHT MANNER AND BEING LIKE I SAID, STEWARDS OF THOSE TAX DOLLARS AND SPENDING THEM WISELY , AND IT'S INTERESTING OF ALL THE PILLARS ON THE STRATEGIC PLAN. THIS ONE. A LOT OF THE OBJECTIVES DON'T CHANGE. WHEN WE'RE TALKING ABOUT FINANCIALLY SOUND GOVERNMENT A LOT OF THE OBJECTIVES OF OUR FINANCE DEPARTMENT. THEY DON'T CHANGE BECAUSE THESE ARE TRIED AND TRUE AND REQUIRED PROCESSES THAT THEY GO THROUGH TO MAKE SURE THAT WE HAVE A CLEAN AUDIT. MAKE SURE THAT WE'RE HANDLING THE MONEY AND APPROPRIATE FASHION AND TO MAKE SURE THAT WE ARE PLANNING FOR THE FUTURE GROWTH OF THE COMMUNITY WHILE MAINTAINING OUR ASSETS. ENHANCED QUALITY OF LIFE IN MCKINNEY. THIS GOES ALONG THE LINES OF THE PARKS AND REC DEPARTMENT AND OTHER SERVICE DEPARTMENTS. WE HAVE THAT PROVIDE THE QUALITY OF LIFE THAT KEEPS MCKINNEY DRIVING FORWARD WITH GROWTH. THIS INCLUDES EVERYTHING FROM BUILDING PARKS AND TRAILS AND AMENITIES IN THE COMMUNITY THAT LEAD PEOPLE TO WANT TO LIVE HERE AND THEN THE LAST ONE AND CLEARLY NOT LEAST AS SAFE AND SECURE COMMUNITY.
OUR PUBLIC SAFETY DEPARTMENTS ARE TOP NOTCH AND WE FINE TUNE THOSE OBJECTIVES EVERY YEAR TO MAKE SURE THAT WE ARE AT THE TOP OF CLASS FOR OUR PUBLIC SAFETY DEPARTMENTS, PROVIDING FOR A SAFE AND SECURE COMMUNITY INCLUDES BOTH SOME OF THE RECOGNITIONS THAT WE RECEIVE IS ONE OF THE SAFEST COMMUNITIES IN AMERICA, BUT ALSO THAT WE PROVIDE THE ASSETS AND FUNDING NECESSARY TO CONTINUE TO GROW WITH THE COMMUNITY. SO THESE ARE THE STRATEGIC GOALS OF THE CITY.
BEFORE I SIT DOWN. I WILL PAUSE FOR ANY QUESTIONS YOU MIGHT HAVE, AND I CAN GO INTO DEPTH FUNDING OF THESE IF NECESSARY, BUT IF NOT, I WILL MOVE OVER AND I THINK IT'S NEXT UP IS OUR ECONOMIC DEVELOPMENT CORPORATION. RIGHT? THANK YOU AGAIN. PETER TOOK OUR PRESIDENT KENNY ECONOMIC DEVELOPMENT CORPORATION. THANK YOU FOR YOUR TIME HERE TONIGHT WITH US TO GO OVER THIS THIS GREAT, UH TEAM COLLABORATIVE EFFORT THAT WE'RE PUTTING FORWARD HERE TO GET TOGETHER. SO AND. I THINK IN LOOKING AT THE WAY FORWARD, YOU ALWAYS HAVE TO APPRECIATE THE PAST AS WELL, BECAUSE THE FOUNDATION FOR WHERE WE'RE GOING IN THE FUTURE, AS LAID MY THOSE WHO CAME BEFORE US AND SO AND LOOKING AT THAT IT WAS IN 2017 THAT MCKINNEY DECIDED TO DO THINGS A LITTLE BIT DIFFERENTLY. UM INSTEAD OF GOING WITH A LOCAL CANDIDATE FOR THE EXECUTIVE ROLE FOR THE WHICH HAD EXPERIENCED A LITTLE BIT OF TURMOIL. THEY FORTUNATE FOR ME DECIDED TO DO AN H AND WHAT NATIONWIDE SEARCH TO FILL THE NEW ROLE FOR THE EXECUTIVE. UH, POSITION INTO IN AN EFFORT TO SHAKE THINGS UP A LITTLE BIT. UM AND OF COURSE, I WAS FORTUNATE ENOUGH TO ONE BE CHOSEN FOR THE ROLE, BUT BUT NOT REALLY. TO FIX ANYTHING THAT WAS WRONG OR COME IN AND CLEAN HOUSE , BUT JUST TO BRING A NEW PERSPECTIVE TO THE ORGANIZATION INTO THE CITY ABOUT THE POTENTIAL WE HAVE. FOR INNOVATIVE DEVELOPMENT. THAT PERSPECTIVE DID COME WITH A
[00:15:05]
LITTLE BIT OF CHANGE CHANGE IN THE WAY THAT WE SEE OURSELVES AS A CITY. UM A CHANGE IN PERSPECTIVE ABOUT THE OPPORTUNITY THAT WAS AT OUR FRONT DOOR. AND A CHANGE IN THE MESSAGE THAT WE ARE COMMUNICATING TO THE WORLD OUTSIDE OF OUR BORDERS. UM WE WORKED HARD AS A CITY AND ALL ASPECTS TO PROMOTE. SMART GROWTH AND RESPONSIBLE DEVELOPMENT. AND I BELIEVE THAT IN MOST CASES WE HAVE SHARED IN THAT NEW PERSPECTIVE, AS EVIDENCED BY THE NEW DEVELOPMENT WE'VE SEEN IN THE CITY OVER THE LAST FIVE YEARS. EACH GINGER JOURNEY BEGINS WITH THAT FIRST STEP, AND I WANT TO SHARE WITH YOU THE JOURNEY THAT WE'VE BEEN ON TOGETHER OVER THE LAST FIVE YEARS. AND ABOVE ALL ELSE. OUR GOAL HERE TODAY IS TO ENSURE THAT THAT THE DEVELOPMENT PATHWAY THAT WE'RE HEADED DOWN TOGETHER. REMAINS A SHARED VISION OF THE FUTURE FOR MCKINNEY. THAT WOULD JUMP IN SO OUR NEW STRATEGIC DIRECTION THAT WE IMPLEMENTED IN 2018 WAS AIMED AT TAKING A NEW APPROACH TO ECONOMIC DEVELOPMENT THAT HAD BEEN DONE PREVIOUSLY, AND THAT'S AGAIN. THAT'S NOT TO SAY THAT THE EFFORTS OF THE HISTORICALLY WERE INEFFECTIVE OR MADE AN ERROR, BUT WE ENDEAVORED TO TAKE THE CITY IN A NEW DIRECTION TOWARDS BECOMING A NEXT GEN CITY. WITH A RENEWED FOCUS ON NEW TARGETED INDUSTRIES THAT BETTER ALIGN WITH THE RECENT POPULATION GROWTH AND DEMOGRAPHIC SHIFT HAPPENING IN THE CITY. MUCH OF THE IMPROVEMENTS WE HAVE IMPLEMENTED ON THE E. D. C WERE FROM A POLICY PERSPECTIVE. WE WANTED TO BUILD ON THE IMPROVED CITY DEVELOPMENT POLICY PUT INTO PLACE BY CITY COUNCIL PREVIOUSLY PAIR THAT WITH NEW POLICY ON THE DC SIDE THAT CREATED STANDARDIZED PROGRAMMATIC LANGUAGE. TO BETTER UTILIZE OUR FUNDS AND PRIORITIZE INVESTMENT OPPORTUNITIES BASED ON THE NEW ZONING AND DEVELOPMENT DIRECTIONS SET IN PLACE EARLIER BY CITY COUNCIL. THIS INCLUDED A FULL REBRANDING OF THE ORGANIZATION TO MATCH THIS NEW DIRECTION. A DEEP DIVE INTO THE DEMOGRAPHICS AND EMERGING NEW COMMUNITY PROFILE IN MCKINNEY.AND THEN TAKING ALL THIS INTO ACCOUNT. WE MADE THESE ORGANIZATIONAL IMPROVEMENTS TO MEET BOTH SHORT AND LONG TERM GOALS OF THE CITY RELATED TO ECONOMIC DEVELOPMENT. AND IF YOU LOOK AT THESE ARE IS JUST A BRIEF SUMMARY OF SOME OF THE PROCESS IMPROVEMENTS THAT WERE MADE AGAIN. THERE WAS A LOTS OF DEVELOPMENT IMPROVEMENTS PUT INTO EFFECT PRIOR TO 2017 BY CITY COUNCIL, BUT THEY HAVEN'T REALLY THEY HAD THEY WEREN'T REALLY FORMALIZED AND ADOPTED BY ABC AND PUT THE POLICY AND YOU CAN SEE JUST FROM WITH RENEWING OUR TARGETED INDUSTRIES AND LOOKING AT THEM ON A DEMOGRAPHIC SPACE IN A KIND OF WHAT FITS THE COMMUNITY PROFILE. BEST NEW LOOK, WE CHANGED A LOT OF OUR STANDARDIZED POLICY TO MATCH THOSE GROWING TRENDS AND THAT HAS GENERATED ALMOST TWICE THE AMOUNT OF RETURNS. FOR US FOR THE SAME AMOUNT OF INVESTMENT DOLLARS OVER A PERIOD OF FIVE YEARS, RATHER THAN A PERIOD OF SEVEN YEARS, SO A LOT OF THAT POLICY WAS WELL PUT INTO PLACE AND CREATED A MORE FISCALLY RESPONSIBLE ORGANIZATION. AND THIS ISN'T MEANT TO BE INTERACTIVE AS WELL. SO IF YOU HAVE ANY QUESTIONS DURING THE PRESENTATION OR ANY COMMENTS, PLEASE, PLEASE. THIS IS DESIGNED TO GARNER FEEDBACK BECAUSE WE WANT TO AGAIN. OUR GOAL HERE IS TO MAKE SURE THAT WE'RE ALIGNED IN THE DIRECTION WE'RE TAKING FOR ECONOMIC DEVELOPMENT. OF COURSE, BEING A TAIPEI ORGANIZATION. WE DO HAVE SPIRIT SPECIFIC PARAMETERS. I THINK VERY MENTIONED THAT WERE GOVERNED BY FOR OUR INVESTMENT.
SO THE STRATEGY HAS AGGRESSIVE IF WE WANT TO GET MUST CONFORM TO THE STATE STATUTES THAT GOVERN US FOR THE USE OF EASY, EASY FUNDS. UH THE THESE ARE HERE. THESE ARE THE MAIN GOVERNING POLICIES THAT WE DEVELOP OUR STRATEGY FROM SO THOSE ARE LISTED THERE PARAPHRASE BUT LISTED ON THE SIDE OF THE SLIDE. UM SO AND THEN PRIOR TO PRIOR TO MY MEANING HIRED INTO THIS POSITION. UM THE E. D. C ENGAGED TADZIO AND ECONOMIC DEVELOPMENT CONSULTANT THAT CREATED A FIVE YEAR STRATEGIC PLAN, WHICH JUST RECENTLY ENDED IN 2022 FOR THE E, WHICH INCLUDED ENGAGEMENT BY PUBLIC AND PRIVATE STAKEHOLDERS . I'M NOT SURE IF ANYBODY ON COUNCIL HERE WAS ON COUNCIL WHEN THAT THAT STUDY WAS DONE. BUT IT WAS A PRETTY COMPREHENSIVE EFFORT, OUR EFFORTS OUR EFFORTS OVER THE PAST YEARS. HAVE BEEN BUILT AROUND THAT FRAMEWORK, UM , WITH MODIFICATIONS TO IT ALONG THE WAY TO ADDRESS MANY OF THE NEW DIRECTIONS. UM, IN STRATEGIES FOUND IN THE IN THE PREVIOUS PLAN. THE PREVIOUS PLAN HAD A LOT OF TRADITIONAL ECONOMIC DEVELOPMENT STRATEGY AND INITIATIVES THAT YOU WOULD FIND IN MOST DEPARTMENTS AROUND THE COUNTRY. AND SO THOSE MODIFICATIONS WERE MORE UPGRADING. A LOT OF THOSE
[00:20:03]
INITIATIVES TO BE MORE AGGRESSIVE FROM AN INNOVATION POINT OF VIEW. UM SO HAVING THE DIRECTIVE TO CHANGE OUR NARRATIVE AND LEAD THE WAY WE HAVE BEEN STEADILY ADDING INNOVATIVE ELEMENTS TO THAT STRATEGY, AS WE'VE GONE, WHICH AGAIN JUST ENDED IN 2022. SO USING THESE STATUTES AS A GUIDELINE WE'VE DEVELOPED FOR NEW PILLARS TO SERVICE THE BACKBONE FOR A NEW STRATEGIC PLAN, WHICH IS HAS A MUCH MORE FOCUSED ON MCKINNEY BEING A LEADER IN THE INNOVATION ECONOMY. UM AS YOU HAVE HEARD MENTIONED BY BOTH MYSELF AND SEVERAL CITY MANAGER. I BELIEVE THAT WE SHARE THE SAME DESIRE AND SEE MCKINNEY LEAD THE WAY IN IT AND INNOVATIVE CITIES OF THE FUTURE. AND THEN THE FOUR PILLARS OF THAT PLAN BEING, UM SEVERAL OF THEM ARE OUR STANDARD ECONOMIC DEVELOPMENT PRACTICES THAT YOU'LL FIND BECAUSE THEY ARE THE BASE CORE FUNCTIONS OF ECONOMIC DEVELOPMENT DEPARTMENT . THOSE BEING BUSINESS RETENTION AND WORKFORCE DEVELOPMENT. WE ALWAYS WANT TO MAKE SURE WE'RE SERVICING OUR EXISTING BUSINESS COMMUNITY. THEY'RE THE ONES THAT HAVE MADE THE INVESTMENT HERE IN OUR CONTINUING TO MAKE THE INVESTMENT ON A DAY TO DAY BASIS. AND STATISTICALLY, 70% OF THE GROWTH OF THE CITY WILL COME FROM THE EXISTING BUSINESS COMMUNITY, SO TO IGNORE SUCH A LARGE GROWTH POPULATION WOULD WOULD BE WOULD NOT BE SMART OF US. AND THEN ALSO NEW BUSINESS ATTRACTION IS A KEY PRIORITY AGAIN. ALL OF THE, UM THESE BULLETS UNDERNEATH THERE ARE KIND OF PRIORITIES WITHIN THOSE VERTICALS, UM, FOCUSING ON NEW TARGETED INDUSTRIES, UM, INDUSTRY NEWSLETTER OUTREACH, COMMUNICATION LEAD GENERATION THROUGH VIA MARKETING MISSIONS AND LOCAL NETWORKING. INBOUND MARKETING EVENTS. FOREIGN DIRECT INVESTMENT STRATEGIES, WHICH HAS ONE OF THE HIGHEST RETURNS, UM, BUT IT'S THE HARDEST TO DO AND THEN AVIATION RELATED INDUSTRIES SPRING BOARDING ON THE ASSETS THAT THE CITY CURRENTLY HAS. UM NEW PILLAR THAT WE ADDED, WAS TECHNOLOGY AND INNOVATION. AND A LOT OF YOU HAVE HEARD ABOUT KIND OF THE INNOVATION FUND THAT WE PUT INTO PLACE AND THE SUCCESS THAT HAS GARNERED FOR US FROM GROWING COMPANIES LOCALLY, UM, ONE OF THE YOU KNOW WHEN YOU DO YOUR SWAT ANALYSIS FOR A CITY ONE OF THE OPPORTUNITIES THAT WE HAD WAS OR THE THREATS IS WE DON'T HAVE A LOT WHILE WE HAVE A LOT OF LAND FOR DEVELOPMENT. WE DON'T HAVE A LOT OF INVENTORY ON THAT LAND YET. AND SO THAT'S WHY WE'RE ALSO PURSUING A LOT OF DEVELOPMENT OPPORTUNITIES SO WE CAN PROVIDE THAT INVENTORY FOR COMPANIES COMING IN. UM, BUT WHEN YOU DON'T HAVE AN ABUNDANCE OF INVENTORY AVAILABLE, THEN WE HAVE TO FIND NEW OPPORTUNITIES FOR TO GET BUSINESSES HERE.WE'VE REALLY FOUND OUR STRONG POINT IN THAT WITH THE WITH THE INNOVATION ECONOMY. THEN FOCUSING ON COMPETITIVENESS IN THIS, UH WILL GO THROUGH ALL OF OUR MARKETING. ALL OF OUR STUDIES THAT WE DO WITH LOCAL MARKETS JUST TO MAKE SURE THAT WE ARE MAINTAINING OUR COMPETITIVE EDGE OVER OUR SURROUNDING CITIES, REGIONS AND COMPETITIVE MARKETS AROUND THE COUNTRY. AND ONE OF THE KEY ELEMENTS THAT WE USE IN DETERMINING OUR STRATEGY IS, OF COURSE, THE COUNCIL STRATEGIC PRIORITIES. THIS IS THE LIST OF CURRENT COUNCIL STRATEGIC PRIORITIES. AH! I BELIEVE ALL OF THEM ARE REPRESENTED WITHIN OUR KEY PERFORMANCE INDICATORS IN OUR STRATEGIC PLAN, SO EVERY YEAR WHEN COUNCIL DEVELOPS THEIR STRATEGIC PRIORITIES, WE WORK THEM INTO OUR KEY PERFORMANCE INDICATORS AND UM. AS WE CONTINUE TO ALIGN OUR STRATEGIC TRIP PRIORITIES THROUGH PLANNING SESSIONS, UM, ONE OF OUR DESIRES IS TO MAKE IT MORE INCLUSIVE, MOVING FORWARD AS WE MOVE INTO OUR NEXT BUDGET YEAR STRATEGIC PLANNING SESSION WE'D LIKE TO HAVE THE PARTICIPATION OF CITY COUNCIL AND CITY STAFF IN ART THAT ANNUAL BORDER, TOO, SO THAT WE ENSURE THAT AS WE'RE DEVELOPING PRIORITIES, THEY REMAIN CONSISTENT WITH COUNCIL PRIORITIES. EVEN THOUGH WE WORK THESE IN ON THE BACK ON THE BACK END, WE'D LIKE TO DO IT PROACTIVELY UPFRONT. AND SO ALL OF THIS THE COUNCIL STRATEGIC PRIORITIES THE PRIORITIES DEVELOPED BY THE BOARD AND THROUGH OUR STAFF DEVELOPED THIS , UM THIS ECOSYSTEM. THIS IS KIND OF A MODEL OF THE ECOSYSTEM THAT WE'RE BUILDING HERE IN MCKINNEY. THE FOUR PILLARS. UM ARE DEPENDENT ON EACH OTHER. TO TRULY CONTINUE TO DEVELOP OUR QUALITY OF PLACE. WE ARE SEEKING TO CREATE THESE PILLARS ACT AS DOMINANT SO TO SPEAK. AS IF THE QUALITY OF THE PLACE AS IF THE QUALITY OF PLACES ATTRACTIVE IT GROWS OUR WORK FOR US. WITH A NEW RESIDENTS MOVING HERE, THE RESIDENTS CREATE WORK WORKFORCE THAT IS SO DESPERATELY NEEDED TO EMPLOYERS. SO THAT DRAWS EMPLOYERS HERE TO WORK. AND THIS IS A CONTINUAL ECOSYSTEM THAT WILL TURN IF WE'VE WE'VE DONE IT
[00:25:01]
CORRECTLY, SO THE FOUR PILLARS PROMOTE THAT. WORKFORCE DEVELOPMENT QUALITY OF PLACE IN THE TYPES OF PRODUCT WE'RE LOOKING FOR IN EACH CATEGORY. UM, YOU KNOW, WE'VE GIVEN A SMALL SNIPPET OF THOSE THESE ARE THE EXAMPLES OF THE TYPES OF BUSINESSES AND DEVELOPMENT THAT WE'RE THAT WE'RE SEEKING, WHICH LEADS US TO PRIORITIZE TARGETED INVESTMENTS. SO WE MENTIONED EARLIER THAT WE REVISITED OUR TARGETED INDUSTRIES FOR INVESTMENT AS NEED TO SEE AND AGAIN. THIS IS NOT TO SAY THAT THE PREVIOUS INVESTMENTS WERE NOT SOUND ARE REDEFINITION OF TARGETED INDUSTRY COMPANIES. AH WELL, WHAT? WHAT AND WHERE WE WANT TO BE IN THE FUTURE, SO THIS INDUSTRY LIST HAS BEEN CAREFULLY CURATED, AND IT'S NOT JUST ASPIRATIONAL THE METHODOLOGY USED IN SELECTION OF THESE INDUSTRIES COMBINES THE ANALYSIS OF COMMUNITY AND REGIONAL DEMOGRAPHICS. LOCAL AND REGIONAL WAGES, EXISTING INDUSTRIES, REGIONAL INDUSTRIES , LOCAL AND REGIONAL TRANSPORTATION, LOCAL INFRASTRUCTURE AND AVAILABILITY OF WORK FOR USE JUST TO NAME A FEW OF THE METRICS THAT WE LOOK AT, WHEN DETERMINING WHAT ARE TARGETED INDUSTRIES SHOULD BE UM AND WHY DO WE LOOK AT THAT? AND WHAT DOES THAT REALLY MEAN? IN REAL TERMS? SO, UM SAY, FOR INSTANCE, A MILLION SQUARE FOOT DISTRIBUTION CENTER WANTED TO LOCATE AND MCKINNEY AND THEY WERE GOING TO CREATE 5000 JOBS. AND NOW A HEADLINE. THAT HEADLINE WOULD BE AMAZING BECAUSE THAT'S A HUGE PROJECT. BUT WE HAVE TO LOOK AT THE IMPACT THAT WILL HAVE ON THE COMMUNITY AS WELL. IF THE JOBS THAT THEY'RE PROVIDING ARE AT A SUBSTANDARD WAGE, THEN THAT MEANS THAT THE MAJORITY OF PEOPLE WHO WORK THERE WILL UM.WILL NOT BE PARTICIPATING IN OUR LOCAL ECONOMY, WHICH IS WHAT WE WANT. WE WANT THEM TO COME TO WORK HERE. BUT WE WANT TO EAT HERE DURING LUNCH SHOP HERE DURING THE DAY, AND THAT VOLUME OF EMPLOYEES WOULD PROBABLY BE A VERY TRANSIENT WORKFORCE TO WHICH PUTS STRESS ON OUR ROADWAYS AND ARE ARTERIAL SYSTEMS THAT THAT WE'VE ALREADY IDENTIFIED, ARE IN NEED OF REPAIR. SO IS THAT A PROJECT THAT IS BEST FOR THE CITY AND THE ANSWER MAY BE NO. SO THAT DOESN'T MEAN THAT WE WOULD EVER TELL A BUSINESS. NO, WE DON'T WANT YOU. IT JUST MIGHT NOT QUALIFY FOR INVESTMENT BY THE DC TO INCENTIVIZE THEM TO GET HERE. BASED ON THOSE PARAMETERS. UM SO ALL THE TARGETED INDUSTRIES LISTED REPRESENT INDUSTRIES THAT PRODUCE HIGH SKILLED HIGH WAGE JOBS AND ARE PART OF THE INNOVATION ECOSYSTEM AND OUR PRIMARY, LOCATED IN CLASS A OFFICE PRODUCTS OR ADVANCED INDUSTRIAL BUILDINGS. IN ADDITION TO THESE INDUSTRIES, WE HAVE PRIORITIZED MEDIA DEVELOPMENT PROJECTSNMENT, LIFED CORPORATE MIXED USE DEVELOPMENT CENTERS. THESE REGIONAL ACTIVITY CENTERS HELP WITH ATTRACTING MAJOR BUSINESS RELOCATIONS AND PROVIDE QUALITY OF LIFE ASSETS TO THE COMMUNITY. AND WHILE WE'VE DONE THE RESEARCH, WE ALSO STAND BEFORE YOU TODAY TO PRESENT THIS NEW STRATEGY FOR ECONOMIC DEVELOPMENT TO MAKE SURE THAT OUR EFFORTS ARE BEING MADE IN THE RIGHT DIRECTION IN LINE WITH CURRENT DEVELOPMENT PRIORITIES FOR THE CITY. SO WHAT ARE SOME OF THE RESULTS FROM THE STRATEGY OVER THE LAST FIVE YEARS? UM THESE. THESE RECENT WINS ARE ONLY A SHOWCASE OF THE NEW TYPES OF COMPANIES THAT WE ARE RECRUITING TO THE CITY. ONE OF THE BIGGEST THINGS YOU'LL NOTICE ON HERE IS THE INNOVATION FUND COMPANIES FROM 20 TO 23. WE LAUNCHED THIS PROGRAM. HAS BEEN IN EFFECT FOR ALMOST THREE YEARS NOW. WE GENERATED 34 NEW COMPANIES INTO THE CITY, SOME OF THEM THAT HAVE ALREADY GROWN TO 20, OR MORE EMPLOYEES, WHICH IS ORGANIC GROWTH THAT IS THE ASPIRATION OF EVERY CITY. YOU WANT TO GROW LOCAL BUSINESSES BECAUSE THAT CREATES THE BRAND LOYALTY TO OUR CITY. HAVING GROWN HERE THAT'S HARD TO SEPARATE FROM, IF THEY EVER LOOK AT MOVING IN THE FUTURE. BUT AH , ONE OF THE COMMONALITIES OF A LOT OF THESE COMPANIES IS THAT THEY'RE ALL EITHER ADVANCED MANUFACTURING THEIR HEADQUARTER LOCATIONS OR THEY HAVE, UM HIGH SCHOOL HIGH WAGE JOBS ASSOCIATED WITH AND ANYTIME YOU'RE DEALING WITH ADVANCED COMPANIES, AND YOU'LL NOTICE IF YOU REFERENCE BACK TO THE DIFFERENCE BETWEEN THE CAPITAL INVESTMENT GENERATED FROM 2010 TO 2017 VERSUS 2018 TO 2023, IT'S ALMOST DOUBLE BECAUSE THESE ADVANCED OPERATIONS THESE ADVANCED MANUFACTURERS, THESE OFFICE HEADQUARTERS HAVE A HIGHER INVESTMENT IN NOT ONLY PEOPLE BUT CAPITAL AND EQUIPMENT. AND MACHINES AND PROCESSES, WHICH IS ALL FACTORED INTO THAT EVALUATION FOR HOW IS IT GOING TO AFFECT THE LOCAL ECOSYSTEM AND GENERATE TAX, SO TO SPEAK? SO THAT'S THAT ALL FACTORS IN WHEN WE LOOK AT ALL THESE DIRECTIONS FOR HOW WE'RE GOING? AND THEN WHAT ARE THE METHODS? SOME OF THE METHODS WE'RE USING TO GET THE WORD OUT ABOUT THE AVAILABLE OPPORTUNITIES HERE. I DON'T KNOW IF YOU'VE LISTENED TO IT YET, BUT OUR NEW MARKETING DIRECTOR JUST RECENTLY LAUNCHED THE BEGINNING MOMENTUM PODCAST, WHICH IS REALLY GREAT. PODCAST
[00:30:06]
THAT SHOWCASES A LOT OF OUR NEWER COMPANIES ABOUT A LOT OF THE STUFF THAT'S GOING ON THE DEVELOPMENT THE OPPORTUNITY HERE IN MCKINNEY, AND THEN WE'VE BECOME THE SIGNATURE SPONSOR FOR A LOT OF REALLY PROMINENT LOCAL REAL ESTATE EVENTS WE'VE HAD HOSTED NOW, FOR THE AT LEAST THE LAST SIX YEARS OF IS NOW. 1 21 CORRIDOR REAL ESTATE SHOWCASE AS WELL AS WHERE THE HOST CITY FOR THE NET CAR, THE NORTH TEXAS COMMERCIAL ASSOCIATED REALTORS GOLF TOURNAMENT HERE AT STONEBRIDGE, WHICH ACTUALLY IS A IS A GREAT TOURNAMENT FOR US NOT ONLY TO GET THE EXPOSURE TO THE BROKERS, BUT THEY GIVE A PORTION OF THE PROCEEDS FROM THE TOURNAMENT BACK TO THREE LOCAL CHARITIES AS WELL, WHICH IS A GREAT BENEFIT TO OUR COMMUNITY. AGAIN. THE BYRON NELSON A SIGNATURE EVENT FOR US EVERY YEAR AND THEN TO SUPPORT INNOVATION, AS WE'RE CONTINUING TO TRY TO GROW THE INNOVATION ECOSYSTEM. WE'VE PUT EVENTS LIKE TECH AND TRUCKS, WHICH IS AIMED AT GETTING ALL OF OUR INNOVATION COMPANIES AND ANY ENTREPRENEURS OR INNOVATORS THAT ARE IN THE AREA TO COME TO MCKINNEY AND COLLABORATE TOGETHER TO LOOK AT MCKINNEY AS AN INNOVATION HUB WITHIN THE REGION. WE HAVE, UM. A DEDICATED INNOVATION ZONE ALONG 1 21, AND THE HAS OBVIOUSLY. HAD SEVERAL ACQUISITIONS OF PROPERTY ALONG 1 21 THAT WERE STRATEGICALLY TARGETING FOR DEVELOPMENT AND FOR THAT SECTION OMELET OR CHAIRMAN BRIAN LOCK MILLER COME UP AND TALK TO YOU. BUT IF YOU HAVE ANY STAND FOR ANY QUESTIONS BEFORE THAT, IF YOU HAVE ANY ABOUT OUR EXISTING STRATEGY OR GOALS, OBJECTIVES DIRECTION. THANK YOU, PETER. THANK YOU. I ASSUME I CAN TALK FROM HERE. THANK YOU. FIRST OF ALL ON BEHALF OF THE BOARD. YOU WANT TO THANK YOU FOR I HAVEN'T DISJOINTED MEETING WITH US, CDC. YOU KNOW IT CONDUCT TAILING OFF OF BARRY'S FIRST SLIDE. REGARDING COLLABORATION WE FEEL AND WE TALKED WITH OUR LIAISONS AND WE'VE BEEN VERY I WANT TO THANK THE LIAISON FOR THE EFFORTS THAT THEY BRING TO THE BOARD AS WELL. BUT OBVIOUSLY WE FEEL THAT COLLABORATION STARTS WITH COMMUNICATION AND WE DO HAVE A LOT OF ITEMS AND PROJECTS THAT. OBVIOUSLY COME TO THE TABLE REGARDING 1.1 CORRIDOR AND AS YOU ALL KNOW, FROM HISTORICAL STANDPOINT. A LOT OF THE ACQUISITIONS ALONG THE 1 21 CORRIDOR AS WELL AS AS THE OWNERSHIP. MEDICAL SOUTHGATE. WAS A STRATEGIC MOVE IN ORDER TO IN SOME WAYS, MAKE SURE THAT THE DEVELOPMENT THAT OCCURRED ALONG THAT CORRIDOR WOULD BE IN KEEPING WITH THE GOALS OF THE CITY COUNCIL IS RELEASED ECONOMIC DEVELOPMENT AH! YOU KNOW, BOTH FROM THE SAME POINT OF WHAT COULD BE A ZONE THERE, OR PLAN THERE AS WELL AS LOOKING AT OTHER CITIES, THE ABILITY TO COMPETE ECONOMICALLY WITH OTHER CITIES BY HAVING INABILITY TO DRIVE DEVELOPMENT TO REGION. AND SO YOU KNOW, THAT WAS STATED AT THE TIME. YEAH WE WANT TO MAKE SURE THAT AS WE MOVE FORWARD, WITH PROJECTS, ESPECIALLY WHEN YOU LOOK AT THE COMPETING CITIES AND A LOT OF THE MIXED USE PROJECTS AND THINGS THAT ARE COMING INTO PLAY. THAT WE ARE STILL FOLLOWING THE LEAD OF THE COUNCIL IN TERMS OF YOUR GOALS AS FAR AS HOW WE BELIEVE MISS MCKINNEY WILL DEVELOP ECONOMICALLY ON THAT AREA. AH WE CERTAINLY RECOGNIZE THE FACT THAT AS A BOARD WERE APPOINTED BY YOU AND THAT OUR RESPONSIBILITIES TO HELP ASSIST IN THE IMPLEMENTATION OF YOUR POLICIES HAS RELEASED TECHNOLOGY DEVELOPMENT AND WE UNDERSTAND THAT THAT OFTEN TIMES INCLUDES MEASUREMENT AGAINST PURE CITIES, BUT ALSO RECOGNIZING THAT THAT HAS TO BE BALANCED WITH ALL THE OTHER. RESPONSIBILITIES THAT YOU HAVE RELATED TO SERVICES THAT ARE PROVIDED TO SO PEOPLE CITY AH! CITIZENS THROUGHOUT THE COMMUNITY. ARE. BIG ASK WILL YOU HERE TODAY AND AS WE CONTINUE THROUGH, THIS IS IN THE VEIN OF COMMUNICATION IS THAT WE BELIEVE THAT IT WOULD BE VERY HELPFUL. IN FACT, WE YEAH, WE EVALUATE OURSELVES AS WELL AS OUR STAFF.ANNUALLY BASED ON ULTIMATELY, THE SEX SUCCESSES OR THE IMPROVEMENT THAT WE BELIEVE IS NECESSARY AS RELATES TO BUILDING THOSE RELATIONSHIPS NOT ONLY BETWEEN OURSELVES. AND THE COUNCIL WHERE OUR STAFF AND THE CITY STAFF BUT ALSO ARE IN RELATIONSHIPS WITH LOCAL STAKEHOLDERS, REGIONAL STAKEHOLDERS AND THINGS OF THAT NATURE, AND SO THE MORE COMMUNICATION MEETINGS THAT WE CAN HAVE OR OR ACCESS, WE CAN HAVE THE BETTER. AND THAT INCLUDES OBVIOUSLY AS WE ASKED OUR PRESIDENT, TOO. HAVE THE. YOU KNOW, PROVIDE INFORMATION TO YOU ON A REGULAR BASIS. AND WOULD LIKE TO HAVE A VEHICLE FOR HOW SHE CAN HAVE COMMUNICATION ONLY WITH. LIAISONS AND THE COUNCIL AS A WHOLE, BUT INDIVIDUAL COUNCIL MEMBERS IF
[00:35:08]
THEY HAVE QUESTIONS OR WANT TO HAVE THAT COMMUNICATION TO MAKE SURE THAT THERE'S AN OPEN DOOR POLICY SO THAT THAT CAN HAPPEN. AND I THINK BY DOING ALL OF THAT, OBVIOUSLY, I THINK THAT WILL IMPROVE. OUR EFFORTS TO MAKE SURE THAT AS WE MOVE FORWARD WITH OUR POLICIES ARE STRATEGIC PLANNING. THAT TELLS HIM WITH YOUR STRATEGIC PLANNING ON ECONOMIC DEVELOPMENT MATTERS.THANK YOU. THANK YOU, BRIAN. ABSOLUTELY. CINDY. CAREFUL OR MEMBERS OF COUNCIL E D. C MR LOCKE MILLER, MEMBERS OF YOUR BOARD AND MISS WORDS AND BOARD MEMBERS. THANK YOU FOR THE OPPORTUNITY TO BE HERE TODAY. UM WE'RE EXCITED ABOUT BEING ABLE TO TALK ABOUT COLLABORATION AND ALIGNMENT OF GOALS AND PRIORITIES, AND I APPRECIATE THE OPPORTUNITY TO BEGIN THE CDC PRESENTATION. GET IN THE RIGHT DIRECTION. SO PETER MENTIONED, UM. FUNDING AND WHAT'S PERMISSIBLE UNDER STATE LAW FOR BOTH THE AND THE CDC AND I JUST WANTED TO START WITH THIS SLIDE TO TALK A LITTLE BIT ABOUT OUR DIRECTION AND FOCUS WE CAN UNDER STATE LAW FUND THE SAME THINGS THAT A D C CAN FUND. BUT WHEN CDC WENT WHEN THEY PROPOSITION FOR CREATION OF CDC WAS PRESENTED TO VOTERS IN 1996 IT WAS WORTH THE IDEA THAT WE WOULD SUPPORT THINGS THAT COMPLEMENT WHAT HE D. C DOES IN TERMS OF TRADITIONAL ECONOMIC DEVELOPMENT WITH THESE ADDITIONAL ITEMS OR ADDITIONAL CATEGORIES OF FUNDING THAT WE CAN SUPPORT THAT INCLUDE COMMUNITY FACILITIES, LOW INCOME HOUSING, PARKS AND PARK FACILITIES, TOURIST FACILITIES AND SO ON BECAUSE THOSE ARE THINGS THAT CANNOT BY LAW SUPPORT, SO THAT WAS THE IDEA BEHIND THE CREATION OF UM, THE C D. C. AND WE HAVE WORKED OVER THE YEARS. I THINK THAT I'M EXCITED TO TALK ABOUT COLLABORATION BECAUSE I THINK IT REALLY IS A HALLMARK OF THE CDC BOARD AND FOCUS. EVERYTHING WE DO IS BASED ON PARTNERSHIP AND WORKING TO SUPPORT COUNCIL GOALS AND PRIORITIES AS WELL AS ARE THE CITY. UH AND THEIR DIRECT GOALS AND PRIORITIES AND ABC AND OUR OTHER SISTER ORGANIZATIONS.
SO EACH YEAR, THE CDC HAS A CONVERSATION ABOUT IDENTIFYING STRATEGIC PRIORITIES AND WE TIME IT SO THAT COUNCIL HAS HAD AN OPPORTUNITY TO FINALIZE. THERE'S AND THEN IT'S ALSO TIME TO SUPPORT OUR BUDGET REQUEST ON AN ANNUAL BASIS. AT THIS TIME. WE HAVE SIX PRIORITIES THAT HAVE SEEN LISTED THERE. THESE AREN'T IN ANY PARTICULAR ORDER, BUT INCLUDE LOW INCOME HOUSING. UM SUPPORT FOR MIXED JUICE, SMALL TO USE AND DESTINATION ENTERTAINMENT PROJECTS. EAST SIDE DEVELOPMENT AND SUPPORT FOR THE HISTORIC CULTURAL DISTRICT, OF COURSE, PARKS AND OPEN SPACE DEVELOPMENT AND THEN COMMUNITY GATHERING FACILITY AND COLLABORATIVE PROJECTS WITH OUR PARTNERS. WANTED TO GIVE YOU JUST A PICTURE OF WHAT CDC SUPPORT HAS LOOKED LIKE SINCE ITS CREATION IN 1996. THIS FEATURES JUST STRICTLY BIG THE CDC PROJECT GRANTS THAT HAVE BEEN AWARDED IT DOES NOT INCLUDE AH, DIFFERENT FUNDING STRUCTURES LIKE THE LOAN FOR PSA OR THE INVESTMENT THAT HAS BEEN MADE IN IN TUBS OR THINGS LIKE SUPPORT FOR THE BYRON NELSON TOURNAMENT.
THIS IS JUST STRICTLY PROJECT GRANTS AND YOU'LL SEE OUT OF A TOTAL OF 206 MILLION ALMOST 207 MILLION AWARDED. DID THAT, UM A SIGNIFICANT PORTION PERCENTAGE HAS GONE TO SUPPORT PARKS AND REC AND OPEN SPACE DEVELOPMENT. $131 MILLION. WE HAVE ALSO SUPPORTED COMMUNITY FACILITIES.
UH. THE CITY OF MCKINNEY WITH VARIOUS PROJECTS AIRPORT MUSEUM , ENTERTAINMENT AND MIXED JUICE ECONOMIC DEVELOPMENT HAVE WORKED IN PARTNERSHIP WITH WITH A D. C IN THE CITY ON SEVERAL PROJECTS . PUBLIC TRANSPORTATION IS AN ELIGIBLE EXPENSE FOR US, BUT IT'S RESTRICTED TO OPERATIONS AND FACILITIES. WE SUPPORTED BOTH THE CART AND TAPS WHEN THEY WERE PROVIDING SERVICE TO THE CITY. AND THEN THERE ARE SOME MISCELLANEOUS CATEGORIES THAT INCLUDE THINGS LIKE SUPPORT FOR HUT FOR HUGS AND SUPPORT FOR MCKINNEY ROOTS AND THOSE KINDS OF PROJECTS. WANTED TO INCLUDE SOME IMAGES OF RECENT PROJECTS SUPPORTED THAT, I THINK ILLUSTRATE FULFILLMENT OF OUR STRATEGIC OBJECTIVES AS WELL AS COUNCILS. THE FIRST IS COLLIN COUNTY HABITAT FOR HUMANITY'S AFFORDABLE HOUSING PROJECT, THE COTTON GROVES. AND THOSE ARE AND EVERYBODY KNOWS ARE THE
[00:40:03]
CONTAINER FACILITIES, BUT THEY HAVE ALSO COMPLETED A COMMUNITY AMENITY CENTER AND AGAIN AND PROVIDED A GREAT OPPORTUNITY FOR COLLABORATION AT THAT CENTER. THERE IS A SATELLITE LOCATION FOR BOYS AND GIRLS CLUB AND SO THEY ARE SERVING THAT COMMUNITY WITH A BOYS AND BOYS AND GIRLS CLUB FACILITY THERE ON THEIR SITE. DISTRICT 1 21 AGAIN. THAT'S A PROJECT THAT VARIOUS COMPONENTS ARE SUPPORTED BY C, D. C E. D. C AND THE CITY ON THE LEFT IS A RENDERING OF WHAT THE PROJECT WILL LOOK LIKE WHEN IT IS COMPLETE, AND THE ONE ON THE RIGHT IS A NIGHTTIME VIEW RECENTLY TAKEN AS THEY COMPLETE OR COME NEAR COMPLETING CONSTRUCTION CITY SEES INVESTMENT ON THAT WAS ABOUT $3 MILLION. AND THEN LAST, BUT NOT LEAST. OUR CURRENT BIGGEST PROJECT IS THE SUPPORT FOR TUBS AND RELOCATION FROM THE FROM THE COTTON MILL TO THE LOUISIANA STREET. THIS IS JUST SEVERAL IMAGES AGAIN RENDERING OF THE COMPLETE COMPLETED PROJECT UP ON THE TOP LEFT PROGRESS. PHOTOS IN THE REMAINDER OF THE SCREEN. AND THEN SOME IMAGES OF THE ACTUAL BREWERY BUILDING, WHICH WILL BE JUST UNDER 40,000 SQUARE FEET, IS CLOSE TO COMPLETION AND NEARING, UM, ACQUIRING A TEMPORARY CERTIFICATE OF OCCUPANCY SO THEY CAN BEGIN BREWING ON THAT SITE. AND AGAIN ONE OF THE COLLABORATIVE ASPECTS OF THIS, IN ADDITION TO LOCATION FOR THE BREWERY AND THE ENTERTAINMENT VALUE OF THE DESTINATION. THERE IS, UM, A PROGRAM WITHIN THE PROGRAM. IT'S BUILD YOUR OWN BUSINESS SILOS AND YOU CAN SEE THE PADS FOR THE THERE'LL BE SIX SILOS WHERE BUSINESSES CAN APPLY FOR SPACE THERE EMERGING BUSINESSES BEGAN TO GET THEIR FOUNDATION UNDER THEM AND SUPPORT THEIR LAUNCH. AND THEN THE IDEA IS AS THEY DEVELOP SUCCESS. MOVE TO AND THEY HAVE THE OPPORTUNITY TO MOVE TO ANOTHER LOCATION IN MCKINNEY, SO THERE'S SIX TO, UM , TO START OUT WITHIN SIX THAT ARE LINED UP TO ESTABLISH THEIR BUSINESS WHEN TUBBS OPENS LATER THIS YEAR. WE ALREADY HAVE THE SIXTH LINED UP. YES. AND THAT ENDS MY PORTION AND BOARD MEMBERS TO ADD ANYTHING THAT YOU'D LIKE TO ADD. BRIAN SAYS SOMETHING, I GUESS, YOU KNOW. SO WE JUST WANT TO SAY THANK YOU AND THANK YOU TO PRESIDENT.SANDY FOR DOING A GREAT JOB, AND WE JUST WANT TO CONTINUE AS WE TALK AS A BOARD TO OUR STRATEGIC GOALS TO ENSURE THAT THEY ALLOW THE PILLARS THAT THE CITY HAS AND WE ALWAYS HAVE GREAT CONVERSATIONS AROUND. ENSURING THAT WE ARE FOLLOWING THE LEAD OF THE COUNCIL. WE WANT TO ENSURE THAT WHAT WE'RE DOING IS THE VISION FOR THE CITY SO WE'RE JUST GRATEFUL THE COLLABORATION THAT WE ALWAYS HAVE IN THE DIRECTION THAT YOU GIVE US AND ENSURING THAT YOU KNOW THE TEXT DOLLARS THAT ARE SPENT GOING INTO THE THINGS TO MAKE MCKINNEY A BETTER PLACE AND PROVIDING QUALITY OF LIFE. DO ANY REPORT. CINDY I WOULD JUST CERTAIN MARK, YOU CAN START TO COME UP MY QUESTION. BE QUICK. JUST IF YOU WOULD, BECAUSE I KNOW HOW THINGS WORK OUT THERE WITH SOME THAT WILL WILL VIEW WHAT WE'VE SEEN IN FEEL IT CONFLICTS. MAYBE WITH WHAT THEY'VE HEARD IN THE PAST.
WE TALKED ABOUT TOUPS AND INVESTMENT IN TOPS. WOULD YOU CLARIFY THAT? THE INVESTMENT THAT WE'VE MADE IS ACTUALLY IN A IN AN ASSET THAT CDC OWNS THAT TYPES WILL BE A TENANT OF A FACILITY THAT CDC HAS HIS INVESTED IN AND AGAIN WE'LL OWN TO THE INVESTMENT IS IN OUR PROPERTY. THAT'S CORRECT. WE ON THE LAND AND THE BUILDINGS AND WE'LL RECOUP OUR INVESTMENT THAT HAS BEEN MADE THROUGH BOTH THE LEASE PAYMENTS. FRONT AND TABS AND PERCENTAGE OF THEIR ANNUAL REVENUE, WANTED THAT FOR CLARIFICATION BECAUSE IT'S NOT A GRANT. IT'S NOT. IT'S NOT A IT'S AN INVESTMENT WE'RE MAKING IN AN ASSET THAT WE OWN. ALL RIGHT, MARK. USED TO BE MOVED. YOU WERE OVER THERE AND I'M QUITE SO STEALTH. THAT'S ONE WORD THAT'S PROBABLY HAS NEVER BEEN USED TO DESCRIBE MARK ALL THE WAY. OH, OH, WOW. I KNOW SOMETHING THAT HAPPENED USED WELL, I WAS GOING TO SAY THANK YOU ALL FOR HAVING ME TODAY, BUT I'M NOT SURE THAT I WANT TO SAY THANK YOU ALL FOR
[III. FINANCIAL REVENUE ESTIMATES]
HAVING ME TODAY. MARK HOLLOWAY AND THE CHIEF FINANCIAL OFFICER FOR THE CITY. I'VE BEEN ASKED TO TALK A LITTLE BIT ABOUT, UM, A LITTLE BIT ABOUT BONDS, THE CITY CRP GOING FORWARD AND SOME THINGS THAT MIGHT BE LURKING OUT THERE IN OUR FUTURE. UM FIRST I WANTED TO KIND OF FOLLOW UP ON[00:45:04]
DISCUSSIONS THAT THE CDC IN SHOWING THEIR COMBINED REVENUE STREAMS GOING FORWARD. UM THIS THIS REVENUE ESTIMATE THAT YOU SEE HERE BEFORE US IS BASED ON OUR 2023 ESTIMATE. AND HAS A MULTIPLIER OF ABOUT 5% MOVING FORWARD STAIR STEPS DOWN AND LATER YEARS, BUT AS YOU CAN SEE, HERE WE SHOW BOTH OF THEIR REVENUE STREAMS, PLUS THE ROADWAY MAINTENANCE REVENUE STREAM THAT WE'VE BEEN TALKING ABOUT THE COLLABORATION OUT HERE IN ABOUT YEARS, FOUR AND FIVE.YOU CAN SEE THE AMOUNTS WILL BE GOING INTO THE CRP PROJECT FOR ROADWAY FOR OUR RUNWAY CONSTRUCTION FUND. UM BECOME FAIRLY SIGNIFICANT, SO I JUST WANTED TO KIND OF POINT THAT OUT. UM YOU KNOW, WE ARE SEEING FAIRLY ROBUST SALES TAX GROWTH. LIKE I SAID, WE HAVE A 5% MULTIPLIER 4% IN SOME OF THE LATER YEARS IN IN FACT, IS, OUR MODEL GOES OUT. WE EVEN STAIR STEPPING DOWN FURTHER, BUT I CAN TELL YOU THAT THIS YEAR WE HAVE THE 5% MULTIPLY ON IT RIGHT NOW.
AS OF OUR OUR MARCH NUMBERS. WE WERE ABOUT 8.3% FOR THE YEAR, BUT I'VE SEEN THE APRIL NUMBER WHICH WAS STRONG AS WELL, WHICH WILL PUSH US CLOSER TO 9% MAYBE MAYBE A LITTLE BIT 9% FOR THE YEAR. SO FAR, THESE NUMBERS ARE BASED ON 5 TO 5% GROWTH PER CENT FOR LATER IN YOUR LATER YEARS, AND THEN AS THE MODEL GOES OUT BE EVEN STAIR STEPPING DOWN FURTHER JUST TO TRY TO MAINTAIN THE FACT THAT MAKE THAT CONSERVATIVE WE WE'VE LOOKED AT IT INTERNALLY. WE HAVE TRENDED IN INTERNALLY WE HAD AN EXTERNAL SOURCE. GO OUT AND TREND OUR DATA AND WE FIND THAT THE 5% HAS BEEN FAIRLY SUSTAINABLE. YOU KNOW, WE MAY GET A DIP OR OR SPIKE, BUT I THINK OVER TIME WE'RE GOING TO SEE THAT THAT TREND LINE CONTINUES TO JUST GROW. MARK THAT'S SORRY, MR MINISTER OVER THE LAST FIVE OR SIX YEARS FOR THOSE WHO ARE NOT AWARE WE'VE TRENDED ON AN AVERAGE OF I WOULD SAY IT'S BEEN, YOU KNOW, 10% THE LAST FEW YEARS BEFORE THAT, WE HAD GROWN AT A FAIRLY STEADY 4% RATE. AND THEN WE HAD WE HAD A SPIKE AND WE HAVE SEEN A NEW NUTRIENTS.
START WHERE WE'VE BEEN. YOU KNOW A LITTLE BIT HIGHER THAN THAT, 4% BUT BEFORE THAT, YOU KNOW YOU HAD SOME RECESSIONARY YEARS AND WE SAW FLAT SALES TAX FOR A FEW YEARS. FLAT SALES TAX NECESSARILY ISN'T A BAD THING AS LONG AS THE TREND LINE CONTINUES THE SAME WAY OVER TIME. IT'S KIND OF LIKE A TREND OF THE STOCK MARKET SINCE 1929 YOU SEE, IT'S JUST A STRAIGHT BUT NOT A GOOD DAY TO MENTION THE STOCK MARKET, BUT NO, IT WASN'T MARK THE JUST TO BE CLEAR THE 8 TO 9% GROWTH RATE IS ON OUR FISCAL YEAR, WHICH BEGINS OCTOBER ONE, JUST FOR THE CLARIFICATION FOR FOLKS, NOT A CALENDAR YEAR. WE DO EVERYTHING ON THE FISCAL YEAR , AS YOU SAID, WE RUN OCTOBER TWO SEPTEMBER 30TH AND SO, UH, IN THESE NUMBERS ARE BASED OFF A BASE YEAR, WHICH WAS SET LAST YEAR. UM THE EACH ORGANIZATION RECEIVING ABOUT 21.187 MILLION BEING THE NEW BASE NUMBER. BUT I REALLY WANT TO TALK TO YOU A LITTLE BIT ABOUT CITY PROJECTS IN THE FUTURE. UM BUT AS PART OF THAT, I WANT TO KIND OF RECAP, THE 2019 BOND INITIATIVE THAT WE'VE HAD, UH THIS SLIDE SHOULD BE AS MOST OF THE SLIDES. I SHOW YOU ALL FAMILIAR TO YOU. IT'S PROBABLY BECAUSE IT'S VERY SHELTERED, SAID I'M I'M BORING, SAID EARLIER, VERY AH, NO, I SHOW OVER CONSISTENCY SAKE, BUT THIS SHOWS OUR PROGRESS ON OUR 2019 BOND INITIATIVE. AS YOU CAN SEE, TODAY, WE'VE ISSUED ABOUT $165 MILLION UM, UH, REMAINING ON THOSE ARE ABOUT 184. AND IT'S A REALLY GOOD SLIDE, BUT IT DOESN'T REALLY TELL YOU. WHAT HAVE WE DONE FOR THAT? 165 WHATEVER THE PROJECTS THAT WE'RE CURRENTLY DOING, OR HAVE DONE AND WHAT DO WE STILL HAVE TO DO OUT HERE IN THE 184? LET ME TELL YOU JUST A LITTLE BIT ABOUT 165 MILLION. I'LL START THERE. SO SOME EXAMPLES THAT WE'VE ISSUED THESE DOLLARS FOR COURSES STREETS BEING QUITE A BIT OF IT. BUT WE'VE ALSO ISSUED $50 MILLION FOR THE NEW CITY HALL, WHICH IS UNDERWAY PARKS. WE HAVE DONE SOME PARKS PROJECTS. WE'VE ALSO BOUGHT 230 ACRES OF PARKS LAND NORTH OF 3 80 PAINTED TREE DEVELOPMENT WITH SOME OF THOSE DOLLARS. WITH THE 16,000 OR $16 MILLION. YOU SEE THERE ON THE PUBLIC WORKS. THAT'S THE NEW NORTH CAMPUS FOR PUBLIC WORKS FACILITY. SO AS WE WORK THROUGH THERE, YOU JUST SEE THE TITLES AND YOU DON'T REALLY SEE WHAT THE PROJECTS ARE. AND FOR INSTANCE, UH, WHAT DO WE HAVE LEFT? WHAT'S IN THE 184? THAT'S OUT THERE. WELL A LOT OF IT BEGAN ITS HISTORY, ITS ONE OF ITS TREATMENT. THE REMAINDER OF YOU KNOW, THAT'S THE PUBLIC WORKS. YOU SEE THERE THAT THAT'S GOING TO BE THE RENOVATIONS ON OUR SOUTH CAMPUS THAT NEED TO BE DONE. UM PROBABLY BE MORE THAN
[00:50:04]
THAT. WE'LL TALK A LITTLE BIT ABOUT THAT PARKS. THERE ARE SOME LARGE FACILITIES STILL TO BE BUILT. THOSE ARE OUT IN FUTURE YEARS OF RCMP AND, OF COURSE, PUBLIC SAFETY. THAT'S THE PUBLIC SAFETY BUILDING. UM THAT WILL BE EXPANDED COMING UP. WHEN I SAY THAT COMING UP. UM I DO HAVE OUR ANNUAL BONDS WILL BE COMING UP. BE BRINGING THAT BEFORE YOU GUYS PROBABLY UM, NEXT MONTH. RIGHT NOW WE'RE SCHEDULED TO ISSUE ABOUT $40 MILLION OF THE REMAINING 184 MILLION FOR THIS FISCAL YEAR. SO THAT THOSE WILL BE SOME OF THE THINGS I'LL BE BRINGING FORWARD. MARK CAN YOU DISTINGUISH THE USE OF THE FUNDS AVAILABLE FOR STREETS THERE VERSUS THE USE OF FUNDS FOR THAT ARE AVAILABLE FOR ROADWAY MANAGEMENT. WHEREAS ROADWAY MANAGEMENT PLUS IN UP THE STREETS SO WITHIN THAT $100 MILLION AUTHORIZATION THERE IS IT'S NOT THAT THOSE THOSE THESE ARE BOND FUNDS, SO THIS WOULD BE MORE OF THE REPLACEMENT TYPES. THIS ISN'T FILLING POTHOLES THAT WOULD BE IN THE GENERAL FUND BUDGET, UH, IN THE PUBLIC WORKS DEPARTMENT. THIS IS MORE FOR THE RECONSTRUCTIONS THAT WE'VE BEEN TALKING ABOUT DOING OVERTIME. WE'VE BEEN TALKING ABOUT PUTTING MORE OF THOSE MORE DOLLARS EACH YEAR. IN FACT, WE'VE DOUBLED THE AMOUNT OF DOLLARS THAT WERE FOR THIS FISCAL YEAR AND BE INCLUDED IN THE BOND SALE THAT WE'RE ABOUT TO GO FORTH WITH. WE'RE DOUBLING THE AMOUNT OF MONEY TO ABOUT $20 MILLION INDUSTRY RECONSTRUCTIONS FOR FISCAL YEAR 23. I ANTICIPATE THAT WILL CONTINUE INTO FISCAL YEAR. 24 FUNDS ARE JUST ADDING TO THAT.THAT LEVEL FOR STREET, ALLOWING MORE PROJECTS ABSOLUTELY FORWARD . IF YOU'RE TALKING ABOUT WHERE YOUR DOLLARS WILL BE. THIS IS JUST OUR BOND FUNDS. WE HAVE A LARGER CRP THAT YOU KNOW THAT THOSE $3 WILL BE BUDGETED IN, LIKE BE SOLD AS PART OF THAT, BUT THEY WILL BE TAKING THE PLACE OF SOME OF THESE PROJECTS. SO THAT WE CAN THEN ISSUE THOSE BONDS. OKAY? SO I WILL MOVE FORWARD. MARK I'LL JUST SAY THAT THEY'RE NOT OUR DOLLARS THERE, EVERYONE. WELL, I'M SPEAKING DIRECTLY TO HAVE TO TAKE THAT HOLISTIC VIEW THAT THEY ARE THE CITY'S DOLLARS. BUT WHEN I'M SPEAKING TO EACH BORDER TRY TO SAY IT THAT WAY. SO AS YOU KNOW , OUR CRP IS QUITE LARGE IN TOTAL. WE COVER FIVE YEARS AT A TIME WHEN WE LOOK FORWARD. AND WE HAVE PROJECTS THAT AREN'T ALWAYS COVER OUR BOND AUTHORIZATIONS OR WE DON'T HAVE. WE ARE POSSIBLY EVERY OTHER FUNDING SOURCES THAT THAT THAT WE HAVE, BUT YOU CAN SEE ON THE SLIDE. WE CALL THEM UNFUNDED OR TO BE DETERMINED, BUT IT DOESN'T DOESN'T NECESSARILY MEAN THAT WE DON'T KNOW WHERE WE'RE GIVING OUR FUNDING OR THROWING UP OUR HANDS. IT JUST MEANS WE DON'T HAVE A DEDICATED SOURCE AT THE TIME OR AUTHORIZED REVENUE TO FUND IT AT THE CURRENT TIME. THIS LODGE SHOWS YOU SOME OF THE NEEDS IN OUR CURRENT ADOPTED CRP THAT WE LIST IS UNFUNDED, UM OUTSIDE OF THE AIRPORT QUESTION , WHICH WILL BE DETERMINED ON MAY 6TH. WE DON'T HAVE MANY PROJECTS IN THE NEXT TWO FISCAL YEARS. THERE AREN'T COVERED BY CURRENCY API DOLLARS OR WE CAN'T COVER BY MOVING SOME THINGS AROUND. WE DO THAT QUITE A BIT. UM SO WHAT ARE SOME OF THE THINGS IN THESE OUT YEARS THAT WE HAVEN'T IDENTIFIED FUNDING FOR WELL, STREETS ARE BUT WE'LL ALWAYS HAVE STREETS THAT ARE OUTSIDE OF OUR CURRENT FUNDING AUTHORIZATIONS IN RCMP. YOU KNOW, IT'S A BIG NUMBER OUT IN FISCAL 27. PUBLIC SAFETY. THOSE ARE FOR FUTURE FIRE STATIONS. WE HAVE QUITE A FEW FUTURE FIRE STATIONS. WE KIND OF COMBINE THEM ALL INTO ONE FISCAL YEAR. THERE WERE NOT GOING TO DO ALL OF THOSE IN ONE YEAR, BUT WE HAVE TO GET THEM IN RCMP SOMEHOW, SO THEY A LOT OF TIMES FALL IN OUR LAST FISCAL YEAR OF THE CRP. THAT'S WHY YOU SEE THAT NUMBER. HOW MANY FIRE STATIONS? IS THAT MARKETING IDEA OF TOP OF YOUR HEAD TO OR THREE? SO WE, WE CLEARLY WOULDN'T BUILD ALL THOSE AT ONCE. NOT ASKING FOR ALL THOSE AT ONCE. WE'RE JUST SHOWING THAT THOSE ARE OUT THERE IN THE FUTURE. UM YOU KNOW, WE'RE GONNA NEED, UH, IF YOU SEE UNDER FACILITIES WE HAVE ABOUT $58 MILLION IN NEED THERE OUTSIDE OF OUR CURRENT AUTHORIZATION. UM WE DO HAVE ADDITIONAL NEEDS WITH OUR SOUTH CAMPUS. WE HAVE ABOUT 17 MILLION STILL TO BOND. I THINK THOSE NUMBERS ARE GOING TO BE HIGHER AS WE HAVE TO EXPLAIN THAT FACILITY EVEN MORE. WE POSSIBLY HAVE A NEED FOR A NEW MUNICIPAL COURT FACILITY THAT'S REFLECTED HERE. AND THEN POSSIBLY A SMALL AMOUNT FOR A STOREFRONT LIBRARY FACILITIES ALSO INCLUDED THERE. UM. SO WITH THAT I WOULD ANTICIPATE ANOTHER BOND ELECTION IN THE NEXT 22 YEARS OR SO TO ADDRESS SOME OF THESE THAT AS WE BEGIN TO EXERT EXHAUST THE CURRENT ALLOTMENT THAT YOU SEE OF THE 184. AND WE'LL ALSO
[00:55:04]
UPDATE RCMP IN 2024. YEAH MOVING SOME OF THESE DOLLARS OUT, MOVING THEM AROUND. YOU'LL SEE THAT BESIDES, THIS, WE ARE THESE ARE MAJOR MAJOR POTENTIAL PROJECTS THAT ARE COMING UP.SOME OF THEM ARE IN THE CRP. SOME OF THEM HAVE FUNDING. SOME OF THEM. DON'T JUST WANTED TO BRING THEM UP. THESE ARE SOME OF THE BIG ONES THAT WE SEE OUT THERE AND FINANCE THEIR THAT'LL BE COMING UP IN THE NEXT FEW YEARS. POSSIBLE APEX CENTER EXPANSION. A POSSIBLE NEW SENIOR CENTER. THE DEBT PARK HAS BEEN TALKED ABOUT A LOT. UM 3, 80 BYPASS AND SPUR 3 99 THE UTILITY RELOCATIONS WITH THAT THERE'S PLENTY OF DIFFERENT FUNDING SOURCES FOR ALL OF THESE. OF COURSE, THESE ARE JUST THINGS THAT WE KNOW THERE ARE COMING COMING DOWN THE PIKE, POSSIBLY AND WE'RE JUST BEING WATCHED FOR THEM, SO I WANTED TO MAKE SURE WE WERE TALKING ABOUT THOSE. BUT OTHER THAN THAT, THAT'S THE END OF MY PRESENTATION WILL BE HAPPY TO TAKE ANY QUESTIONS. SIR MARK , I HAVE A QUESTION. SO, UM WITH THIS BOND PACKAGE THAT WE'RE VOTING ON. CURRENTLY UM, IT'S NOT GOING TO RAISE THE OUR RATE OR DEBT RATE. CORRECT. THAT IS CORRECT. WE ANTICIPATE WITH WE'VE DONE FINANCIAL MODELING INTERNALLY. WE ALSO DONE IT EXTERNALLY, AND WE DO NOT ANTICIPATE THAT THAT BOND RAISING R I N S TAX RATE. SO WE COME BACK. TWO OR THREE YEARS FROM NOW. DO YOU EXPECT THAT BOND? UM YOU KNOW, ANOTHER ADDING ANOTHER, YOU KNOW, LET'S SAY IF WE USE THREW IT OUT THERE $200 MILLION OR SOMETHING LIKE THAT IS THAT WOULD THAT RAISE IT ? NOT NECESSARILY. BECAUSE OF THE WAY WE HAVE SCHEDULED OUR DEBT. WE HAVE WHAT WE CALL OUR DEBT CAPACITY IN THE WAY I'VE ALWAYS DEFINED DEBT CAPACITY. AT LEAST THEY'RE PROBABLY NUMEROUS DEFINITIONS. BUT TO US HERE IN MCKINNEY AND OUR FINANCE DEPARTMENT. THE NET CAPACITY IS THE AMOUNT THAT WE CAN CONTINUE TO DEBT. THE WAY WE MANAGE OUR DEBT SO THAT WE DO NOT RAISE THE IRONS PORTION OF OUR TAX RATE. AND SO WE DO THAT BY BY TAKING. WE'VE HAD RE FUNDING OPPORTUNITIES. WE DON'T HAVE THEM RIGHT NOW, BUT WE HAVE RE FUNDING OPPORTUNITIES. WE'VE STRUCTURED OUR DEBT SO THAT THAT THERE ARE DEBT PROFILE. FALLS OFF OVER TIME. WE HAVE AN OVEREXTENDED OURSELVES, AND WE CONTINUE TO HAVE PROPERTY VALUE GROWTH, WHICH ALLOWS US TO MAINTAIN THAT THE SMALLER ISLANDS PORTION OF THE TAX RATE AND CONTINUE TO DO THESE PROJECTS CITY GROWS AND AS THE ECONOMIC VALUE OF EVERYTHING GETS GOES UP. THEN THE THAT IT IS NOT NECESSARY TO RAISE THAT RATE BECAUSE IT'S COMING IN FROM OTHER VALUES CORRECT. OVER THE LAST FIVE YEARS, WE HAVE LOWERED THE RATE 15% BY WHILE ISSUING ANOTHER $175 MILLION. AND THAT IS THAT ABOUT RIGHT? I THINK THAT THE 175 MILLION IS ABOUT RIGHT AND I THINK I HAVE THE NUMBER. I THINK THAT'S IMPORTANT FOR PEOPLE TO UNDERSTAND, BECAUSE IT'S NOT EVERYBODY THINKS OH, MY TAXES ARE GOING TO GET RAISED. MY TAXES ARE GOING TO RAISE GET RAISED, AND THAT'S NOT THE CASE. THE CURRENT ISLANDS TAX RATE IS ABOUT 14.5 CENTS OVERALL, THE TAX RATE IN GENERAL IS 45 A HALF OR 45 CENTS. UM IN 2017. THE I N S PORTION OF TAX RATE WAS 17.1 CENTS WITH AN OVERALL TAX RATE OF ABOUT 57 CENTS. SO THAT TELLS YOU WHAT GROWTH ARE LITTLE MORE THAN 15. IT IS. AND THEN, UM, JUST BECAUSE I FIND IT TO BE AN INTERESTING STATISTIC. WE ARE 598TH IN THE STATE OF TEXAS FOR OUTSTANDING BOND PRINCIPAL TO VALUE. UH ASSESSED VALUE. YES SIR. I'VE SEEN THAT STATISTIC THAT WE WERE PROVIDED A CAN'T REMEMBER THE SOURCE. BUT I HAVE SEEN THAT STATISTIC. YOU KNOW, WE COMPARE FAVORABLY TO OUR SISTER CITIES. UH DEBT PROFILE.
SO YEAH, MORE THAN FAVORABLY MARK WHEN YOU. WHEN YOU HAVE A SUCCESSFUL BOND ELECTION IN 2018 , HOW LONG YOU HAVE TO ISSUE ALL OF THOSE BONDS SPORT NOT ISSUE ALL OF THOSE BONDS GENERALLY WHAT? WHAT'S BEEN THE RULE OF THUMB IS 10 YEARS. UM WE HAVE NEVER ISSUED ANY DEBT THAT THAT WAS AUTHORIZED MORE THAN 10 YEARS. I THINK THE ATTORNEY GENERAL WOULD HAVE A PROBLEM.
ANYTHING THAT WAS OVER 10 YEARS, BUT I DON'T I DON'T KNOW THAT I'VE MARKED MARC HAUSER. MIKE CAN ANSWER THIS ONE BETTER THAN I CAN. BUT I HAVEN'T SEEN ANYTHING HARD AND FAST ON THAT.
BUT THAT'S KIND OF OUR RULE OF THUMB IS 10 YEARS WE WOULDN'T DO ANYTHING PAST 10 YEARS. I THINK IT'S IMPORTANT TO NOTE THAT WE AUTHORIZE $100 MILLION IN 2018 AND HAVE ONLY UTILIZED 37 MILLION. SO IF YOU NEED ISN'T THERE. FOR BOND FUNDS. UM THEN WE DON'T ISSUE BONDS RIGHT? AND THAT MONEY JUST REMAINS AVAILABLE, BUT IN USE, CORRECT, WE DON'T ISSUE UNTIL WE'RE READY
[01:00:02]
TO BEGIN A PROJECT FOR THE FOR THE MOST PART. THAT HASN'T ALWAYS BEEN THE CASE, BUT IT IS NOW HAS BEEN FOR SEVERAL YEARS NOW. OKAY PLACING ON THE 3 85 PASSES FOR 3 99 ISSUES SO GIVEN THE FACT THAT THOSE ARE START PROJECTS, YOU KNOW. WHAT PART OF THE PLAY IN BY THE WAY, ACQUISITION AND UTILITY RELOCATION AND ALL OF THAT, AS FAR AS WELL, LET'S GO. SO LET'S . FIRST OF ALL UTILITY RELOCATIONS WILL PROBABLY WATER WHITEWATER REVENUE BONDS. UM I CAN'T SPEAK TO THE RIGHT AWAY ACQUISITION AND ALL THAT, HOWEVER, I DO THINK THAT THERE'S GOING TO BE QUITE A BIT OF REIMBURSEMENT. I CAN'T SPEAK TO ANY OF THAT. BUT I'M ASSUMING THAT THERE WOULD BE, BUT WE WOULD PROBABLY THOSE. THOSE WOULD MOSTLY FALL IN THE WATER AND WASTEWATER, SWEDEN THE ROUTE. CAN'T THEY PAY TO STAY OUT OF THAT ONE? OKAY JUST ADD SOMETHING. MR UH, MR CHAIRMAN, WE DO HAVE OUR STAFF HERE. SOME OF OUR SUBJECT MATTER. EXPERTS.ON QUESTIONS SPECIFIC TO INFRASTRUCTURE PROJECTS OR ANY OF THE OTHER PROJECTS. OBVIOUSLY THE ECONOMIC DEVELOPMENT PROJECTS WE CAN SPEAK ABOUT AN EXECUTIVE SESSION, BUT GARY GRAHAM IS HERE. MAJKOWSKI IS HERE. RYAN GILLINGHAM IS HERE AS WELL. KIM FLAM AS WELL. SO IF YOU HAVE QUESTIONS SPECIFIC TO PROJECTS FOR ANY OF THE BOARD MEMBERS, THEY ARE HERE PREPARED TO ANSWER THOSE I WILL JUST ADD ON THE ON THE RIGHT AWAY. WE ARE NEGOTIATING THAT THAT IS SOMETHING THAT WE FEEL THAT WE HAVE A PRETTY GOOD CHANCE OF GETTING SOME REIMBURSEMENT.
MONEYS FOR THAT NUMBER MAY CHANGE IN TERMS OF OUR HOW MUCH BURDEN WE HAVE TO BEAR. BUT NORMALLY FOR, UM BYPASSES AND ROADS THAT ARE TAXED DOT RELATED LIMITED ACCESS ROADWAYS. WE'RE GONNA HAVE TO PAY A CERTAIN PERCENTAGE, NOT JUST LIMITED ACCESS ROADWAYS, BUT ROADWAYS IN GENERAL, WE HAVE PAID 10% OF THE COST OF UTILITIES. WELL, ACTUALLY, UTILITY RELOCATION IS ON OURS FOR THOSE WHO RELIED UPON US, BUT THE RIGHT AWAY ACQUISITIONS 10% SO THAT'S A SIGNIFICANT CHUNK OF MONEY. AND WE'RE WORKING ON THAT. BUT WE CAN'T REALLY SPEAK SPECIFICALLY ABOUT IT NOW. AND THE NUMBERS THAT I PULLED UP. I THINK WE GOT THOSE FROM PRESENTATION. GARY GAVE BACK IN JANUARY, SO THEY MAY HAVE CHANGED BY NOW. BUT THOSE WERE JUST SOME JUST PUT THOSE INTO FOR TALKING POINTS. THANK YOU. SURE. THANK YOU. SOMETHING ABOUT THIS ISN'T COMPATIBLE IN MY MIND CAN HELP ME RECKON SO. THESE PROJECTS THAT ARE PROJECTED. SOME PARTS ARE FOR CURRENT NEEDS, BUT ALSO IN RESPONSE TO A PROJECTION AND A GROWING POPULATION. THE CONSERVATIVE ESTIMATE FOR THE SALES TAX. ISN'T UM, SYNCHRONIZING IN MY MIND. WHY WOULDN'T THE SALES TAX GROUP MENTORING? WHAT DO YOU MEAN? I'M SORRY. WHY WOULD CHARGE EARLIER WHERE YOU SAID, WE'RE BEING VERY CONSERVATIVE WITH A 5% GROWTH OVER TIME. THERE ARE ALL OF THESE PROJECTS IN THE PIPELINE. IN SOME PART ATTRIBUTABLE TO A GROWING POPULATION CORRECT.
WOULDN'T SALES TAX GROW COMMENSURATELY? AH I THINK THAT THAT YOU ARE SEEING IT GROW COMMENSURATELY AT AT A 5% INCREASE. I DON'T I MEAN, WE'RE SEEING HIGHER THAN THOSE INCREASES IN REALITY. BUT WHEN WE'RE TALKING ABOUT BUDGETING, I'M GOING TO BUDGET CONSERVATIVELY AND THAT'S WHAT WE'RE DOING HERE. IF IT GROWS FASTER, THAT'S A GREAT THING GROWS SLOWER. IT'S A LOT EASIER IF WE IF WE'RE CONSERVATIVE TO KIND OF SCALE BACK, UH, IF WE GO OUT AND SAY THAT WE'RE GOING TO BRING IN A LOT MORE DOLLARS THAN THAT, WE THOUGHT IT WOULD BE A LOT HARDER TO SCALE BACK. SO NO. MAYBE I'M NOT, AND I WOULD JUST ADD BOARD MEMBER THE WHEN WE DID THE ANALYSIS WITH OUR WITH LOUIS MCLANE, WHO DID SOME WORK ON X EXTERNAL CONSULTANT WORKING WITH US ON EVALUATING OUR NUMBERS, AND WE HAVE A SUBSCRIPTION TO HIM, WHERE HE PROVIDES US UPDATED SALES TAX INFORMATION ALL THE TIME. WE COMPARE IT INTERNALLY. SALES TAXES ARE ACTUALLY IT'S REMARKABLE HOW MUCH THEY TRACK WITH POPULATION GROWTH. THEY ON A PER CAPITA BASIS, EVEN EVEN IN THE NINETIES, AND THE EARLY TWO THOUSANDS. UM IT'S ADJUSTED FOR INFLATION. IT'S BEEN PRETTY STEADY ON A PER CAPITA BASIS OF SALES, TAX SALES TAXES PER CAPITA, SO AS OUR POPULATION GROWS, WE WILL SEE THE SALES TAXES GO UP POPULATIONS GROWING 2 TO 3% A YEAR. UM, WE'RE SEEING OTHER SOME INFLATION, SO THAT'S FACTORED IN, SO WE FEEL PRETTY COMFORTABLE WITH THE NUMBER BEING AT 5% IT IS CONSERVATIVE. WE THINK IT'S THE RIGHT WAY TO DO IT. I HATE THE BUDGET. REVENUES FOR A PROJECT THAT WE DON'T HAVE BECAUSE WE'RE SHORT BECAUSE WE OVER BUDGETED BUT IT IS AN INTERESTING ANALYSIS TO LOOK AT HOW MUCH IT TRACKS WITH POPULATION GROWTH, AND IT'S BEEN STEADY OVER MANY YEARS WHEN YOU ADJUST FOR INFLATION. YOU ALSO
[01:05:04]
INCLUDING IN THE BUDGETING PROCESS. THE FACT THAT SOME OF THESE PROJECTS WILL BE FUNDED APARTMENT, PROPERTY TAX REVENUE. OTHER TRANSFERS FROM OTHER SOURCES. WASTEWATER FUN ALL OF THAT TO ABSOLUTELY EVERY THIS, UH, YOU KNOW ALL THESE PROJECTS THAT WE'RE SHOWING, UM, CAN BE FUNDED FROM MULTIPLE SOURCES. WE TAKE THAT INTO ACCOUNT AND EVERY PROJECT THAT WE DO. FOR INSTANCE , I THINK ONE OF THE BEST EXAMPLES OF MULTIPLE FUNDING SOURCES IS PROBABLY THE CITY HALL. UM HOW WE'VE DONE THAT WITH NOT ONLY BOND FUNDS GENERAL OBLIGATION BOND FUNDS THROUGH THROUGH THE PROPERTY TAX RATE. WE'VE ALSO DONE REVENUE BONDS THROUGH THE WATER AND WASTEWATER UTILITY. WE AH PARTNERED WITH THE C D. C TO DO PORTION OF IT, UH, PORTIONS OF IT HAVE COME FROM OUR FUND BALANCES AND FROM OTHER FUNDS, SO WE WERE ABLE TO PUT TOGETHER UM, YOU KNOW, A FULL PACKAGE BY BUDGETING IN THE EXACT WAY THAT THAT YOU'RE TALKING ABOUT, AND MOST OF THESE PROJECTS THAT WE'RE TALKING ABOUT THESE LARGE PROJECTS EVEN PROBABLY BE SALES TAX ELIGIBLE IN A LOT OF THE ESPECIALLY THAT THE RIGHT AWAY ONES ARE GONNA BE WATER WASTEWATER, SO. THANK YOU, MARK. I THINK WAS AT THE END OF YOUR I'LL BE HAPPY. GOODBYE THANK YOU. COMMUNITY DEVELOPMENT QUALITY OF LIFE. WAS IT? I THINK THAT WAS. WELL IT'S UNFORTUNATELY HERE, GATHERING THEM AS JUST BE AN ERROR. I THINK THE BIGGER QUESTION I THINK THAT WAS TRYING TO GET TO IS THE FACT THAT WHEN YOU LOOK AT THESE PROJECTS WE'RE TALKING ABOUT. IT'S REALLY HARD TO DIVISION TO DETERMINE WHERE THE FUNDING IS COMING FROM. OBVIOUSLY, THE FUNDING FOR THESE TWO BOARDS COME FROM SALES TAX, BUT A LOT OF THESE PROJECTS ARE NOT GOING TO BE JUST SOLELY ON SALES TAX. SO FROM YOUR STANDPOINT AS COUNCIL IN FINANCE. HOW MUCH OR WHERE DO YOU THINK THE MAJORITY OF THAT FUNDING IS GOING TO COME FROM? IS IT KIND OF COME FROM SALES TAX DOLLARS OR OTHER PROBLEMS OR OTHER REVENUE SOURCES? THEY ALSO HAVE THE OTHER ONES CHANCE TO TAX TO MEAN. SO PORTION AND THERE'S UNFORTUNATELY, THERE'S A CITY PORTION ON THAT AS WELL.SORRY. I MISSED THE QUESTION. SO HAD SOMEBODY HARD IN THE BACK. WHAT WAS THE QUESTION? IT REALLY WASN'T IT WAS JUST ONE OF THE STATEMENT. PRETTY MUCH FROM THE STANDPOINT OF WE TALKED ABOUT DIFFERENT PROJECTS THAT ARE OUT HERE THAT ARE GOING TO BE IN THE FUTURE. AND IT'S REALLY ONE OF THOSE THINGS AS WE LOOK COLLECTIVELY OF HOW DO WE WORK TOGETHER AND WHERE WE ALL FIT INTO THE PUZZLE TO MAKE IT ALL WORK? OBVIOUSLY OUR FUNDING COMES FROM SALES TAX. YOU GUYS HAVE MULTIPLE REVENUE STREAMS TO GO GO FROM HOW MUCH OR. HOW CAN WE HELP TO CONTRIBUTE TO THE DIFFERENT PROJECTS OR FUTURES THAT CITY COUNCIL HAS? DEEMED PRIORITIES. THAT'S THAT'S I GUESS I SHOULD HAVE COME UP WITH THE EXPECTATIONS. I THINK WE CAN MEASURE ANY OF THE PROJECTS THAT AS LONG AS THEY'RE ELIGIBLE UNDER LAWS THAT WE CAN TALK ABOUT WHICH ONES ARE AND WHICH ONES WOULDN'T BE, BUT MAYBE HONEST. MARK ARE THERE PARTICULAR EARMARK USES FOR THE CITY'S 1? OR IS THAT JUST GENERALLY GO INTO THE GENERAL FUND? THE 1% GOES INTO THE GENERAL FUND OF THE CITY PAYS FOR PUBLIC SAFETY, YOU KNOW, FOR ALL OF OUR NORMAL PARKS, PUBLIC SAFETY PUBLIC WORKS. AND JUST ONE CENT PERCENT. NOT SAID YEAH. NO, IT'S WE CALL IT ONE SENTENCE . 1. I'M JUST SAYING OF THE NFL'S ONE. IT'S A PENNY. UM SOMETIMES PEOPLE CONFUSE WHEN WE HEAR, SAY 1% VERSUS I MEAN, IT'S ONE CENT. JUST THANKS OFTEN ACTUALLY SAY THAT WAY, SO YEAH.
UM SO ON THE AGENDA, THE REASON WHY IT HAS, I GUESS COMMITTEE DEVELOPMENT QUALITY OF LIFE IN CITY CAPITAL PROJECTS JUST AS IF THERE WAS ANY DESIRE TO GO INTO A DEEPER DIVE ON ANY OF THE PROJECTS THAT WE'VE TALKED ABOUT THAT MARK HAS KIND OF GIVEN AN OVERVIEW ON. I DON'T KNOW IF THERE'S ANYTHING THAT YOU WANT TO I THINK, UM IT REALLY WAS SORT OF A CHECK IN FROM CBC'S PERSPECTIVE, THERE ARE SEVERAL PRIORITIES THAT FALL OUTSIDE OF THE ECONOMIC DEVELOPMENT CATEGORY. AFFORDABLE HOUSING IS ONE SOME OF THE PARKS AND OPEN SPACE DEVELOPMENT WOULD WOULD THAT INTO THAT DISCUSSION AS WELL. PARKS WE'VE MADE A $5.5 MILLION COMMITMENT FOR A PERIOD
[01:10:06]
OF 10 YEARS THAT WON'T COME TO AN END. AND PHYSICALLY, YOU'RE 25. FROM OUR FIVE YEAR FORECAST PERSPECTIVE, WE CONTINUED THAT ON OUT INTO THE FUTURE, BUT JUST WANT TO CHECK IN WITH COUNSEL AND MAKE SURE THAT THAT REMAINS A COUNCIL PRIORITY. SAME THING ON AFFORDABLE HOUSING. THE BOARD WILL BE PRESENTED WITH TO POTENTIAL PROJECTS AND OUR MEETING ON THURSDAY THAT TUNNEL $3.3 MILLION, SO THERE'S A PRETTY SIGNIFICANT DOLLAR AMOUNT ATTACHED TO THOSE KINDS OF PROJECTS. SO I THINK IT'S JUST LOOKING FOR SOME DIRECTION FROM COUNCIL TO ENSURE THAT THAT IS, THOSE ARE STILL PRIORITIES OR IF THEY ARE NOT, YOU CAN REFOCUS IN A DIFFERENT DIRECTION. I THINK MIKE CASKET PARKS DIRECTORS HERE . I THINK HE HAS SAID OVER AND OVER, HE WOULD LIKE TO DECREASE ALL THE MONIES. HE DOESN'T KNOW HOW TO SPEND IT. HE HAS ASKED FOR A MAJOR REDUCTION, SO WE'LL TALK ABOUT THAT. UM THAT ALARM WENT OFF JUST FOR ANYONE WONDERING WHY I'M GOING TO STEP OUT AND I'VE GOT SOMETHING THAT I MUST TEND TO ON A, UH AND I ZOOM MEETING THAT I HAVE TO REPRESENT FOR AND MAYOR PRO TEM WILL TAKE OVER. I'LL BE BACK QUICK AS I CAN. OKAY? I FOR ONE.I ALWAYS APPRECIATE, UM, EXPLAINING HOW MUCH THE CDC DOES FOR THE PARKS BECAUSE I THINK I DON'T THINK THE PUBLIC HAS ANY IDEA HOW MUCH THE PUBLIC'S EXCUSE ME. THE CDC GIVES TO THE PARKS, AND IT'S GOOD TO REMIND THE COUNCIL THAT HOW MUCH YOU WILL GIVE TO THE PARK. SO IT'S A THOUGHT IT WAS A GOOD REMINDER. OKAY? ON THAT SUBJECT. I THINK AS WE LOOK OUT INTO THE FUTURE, I THINK COUNCILS DIRECTION TO THE CDC ON PARKS GOES THROUGH 2024 25. AND UNDERSTANDING.
COUNCILS EXPECTATIONS OR PRIORITIES OR WHAT MIGHT HAPPEN TO THAT AMOUNT OF FUNDING INTO THE FUTURE IS SOMETHING THAT CAN BE DISCUSSED AS WELL. I THINK THAT COUNCIL NEEDS TO PUT THAT ON THEIR AGENDA AND TALK ABOUT IT JUST BECAUSE BECAUSE YOU'RE RIGHT. WE NEED TO FIGURE OUT TO HELP YOU ALL OUT. UM THERE'S TWO YEARS AWAY. I DON'T THINK ANYBODY EXPECTS THAT IT WOULD STOP OR GO AWAY. BUT MAYBE IT WILL CHANGE OR YEAH. OR MAYBE NOT. YEAH. SO THAT'S SOMETHING TO DISCUSS FOR SURE. SO THE ONE THING THAT I WOULD LIKE TO SAY IS I THINK WE'VE DISCUSSED THIS KIND OF AS A COUNCIL IS A LOT OF TIMES THE COUNCIL CERTAIN COUNCIL MEMBERS. DO NOT HAVE ACCESS TO THE PROJECTS THAT EITHER OF THE BOARDS ARE DOING THEY'RE GOING THROUGH AND STUFF LIKE THAT. UH AND I THINK IT WOULD BE GREAT TO HAVE AT LEAST A ONE ONCE A MONTH REPORT IN OUR EXECUTIVE SESSION TO WHERE AND JUST HAND OUT A LIST OF THE PROJECTS AND TAKE 5 10 MINUTES TO GO OVER THAT. SO ALL ALL COUNCIL MEMBERS KIND OF GET CAUGHT UP ON WHAT WHAT'S IN THE PIPELINE AND WHAT'S HAPPENING AND THINGS LIKE THAT. I THINK THAT THAT WOULD BE A THAT WOULD BE A GOOD THING FOR THE COUNCIL. AND, UH AND IF UH, I GUESS IF THE COUNCIL'S OKAY WITH THAT I'D LIKE TO SEE, I THINK EVERYBODY IS GOOD WITH THAT. SO IF WE COULD KIND OF MAKE THAT HAPPEN, AND HOWEVER, THAT HAPPENS FROM FROM YOUR BOARDS AS LONG AS WE GET A REPORT ONCE A MONTH, I THINK THAT'D BE WONDERFUL TO KIND OF KEEP UP WITH WHAT YOU'RE DOING SO ALL THE COUNCIL MEMBERS WHETHER THEIR LIAISONS OR NOT, ARE FEELING COMFORTABLE WITH WHAT'S GOING THROUGH AND FEELS LIKE THEY HAVE SOME SORT OF INPUT, EVEN THOUGH THEY'RE NOT OUT THERE ON A REGULAR BASIS.
AMIR PROTEIN. WE NO, YOU'RE IN OUR MEETINGS, ETC. LIAISON AND CERTAINLY ANY BOARD MEMBERS. I WANT TO SPEAK UP. WE'VE WE'VE WE HAVE FORMED THE GOVERNANCE COMMITTEE ALSO. WHICH IS NEW THIS YEAR, WHICH PART OF THE REASON FOR THAT IS TO ENSURE AND AS WE MOVE FORWARD, THAT WE'RE NOT JUST WAITING ON AN ANNUAL BASIS TO ALSO A BACHELOR, OURSELVES VALUABLE. OUR STAFF AND PART OF THAT IS TWO. MAKE SURE THAT. THAT COMMUNICATION IS HAPPENING ON A MONTHLY BASIS WITH OUR STAFF COMING TO YOU. EXECUTIVE SESSION AND QUITE FRANKLY, I THINK WOULD BE HELPFUL. I KNOW WE CAN'T NECESSARILY DISCUSS PENDING PROJECTS OUT IN THE PUBLIC. VIEW WHEN THEY'RE NEGOTIATION PHASE BUT CERTAINLY. AH! TO DISCUSS OR AT LEAST GIVE INSIGHT AS TO HOW WE'RE RESERVING CERTAIN. FUNDING LEVELS FOR FUTURE PROJECTS THAT AREN'T EVEN ON THE BOOKSHELF, ESPECIALLY IN LIGHT OF THE FACT THAT WE'RE ALSO NOT MAINTENANCE. FUNDS AND AS WE PROJECT THAT OUT
[01:15:06]
WE MADE IT TO WHAT APPEARS TO BE ZERO FUND BALANCE, BUT ONLY BECAUSE WE RESERVED POTENTIALLY FIVE OR $6 MILLION FOR INCIDENTS FOR FUTURE PROJECTS, AND SO THEY INFORMATION HAS TO FLOW TO YOU AS WELL. THANK YOU. GREAT. THANK YOU. THAT'S EXACTLY WHAT I THINK I'M LOOKING FOR. I WOULD LIKE TO ALSO SEE AT LEAST A COUPLE OF REPRESENTATIVES FROM EACH BOARD AND OUR STRATEGIC PLANNING SESSION. WE HAVE A HALF DAY EVERY YEAR IN FEBRUARY, SO I THINK IT'S BENEFICIAL FOR YOU ALL TO BE AT THE TABLE AS WE'RE DISCUSSING DIFFERENT PROJECTS, AND HERE'S SOME OF YOUR IDEAS, SO IF WE COULD IN THE FUTURE JUST HAVE YOU ALL AT THAT TABLE THAT WOULD BE HELPFUL. ANYTHING ELSE? WELL, IF I COULD JUST WEIGH IN A LITTLE BIT ON THIS SECTION AS WE CONCLUDE THIS SECTION, BECAUSE I KNOW WE'RE GONNA BE TALKING ABOUT YOUR POLICY PRIORITIES. AND UM, IMPROVING OPPORTUNITY COMMUNICATION, WHICH I THINK YOU'RE REALLY DOING NOW. RIGHT THAT'S WHAT YOU'VE BEEN TALKING ABOUT. BACK TO THE ISSUE ABOUT COMMUNITY DEVELOPMENT CITY CAPITAL PROJECTS. WE PUT THAT ON HERE BECAUSE WE WANTED TO HAVE THE OPPORTUNITY THAT'S THOSE ARE PUBLIC DISCUSSIONS BECAUSE THE ITEMS THAT ARE GERMANE TO THAT TOPIC DON'T QUALIFY FOR EXECUTIVE SESSION, SO IT'S REALLY SORT OF A LAST CALL FOR ANY DISCUSSIONS OR QUESTIONS ANYBODY MIGHT HAVE ON COMMUNITY DEVELOPMENT RELATED PRODUCT PROJECTS. THAT OUR QUALITY OF LIFE ORIENTED OR AGAIN AFFORDABLE HOUSING OR ANYTHING LIKE THAT, OR ON THE CITY SIDE, ANYTHING RELATED TO CITY CAPITAL PROJECT BECAUSE WHEN YOU GO INTO EXECUTIVE SESSION, THOSE WILL BE ECONOMIC DEVELOPMENT, MOSTLY E. D. C PROJECTS THAT INVOLVED ALL THREE PARTIES IN SOME CASES. BUT THAT WILL BE AN EXECUTIVE SESSION DISCUSSIONS. SO THAT'S THAT'S THE CADENCE OF THIS.THAT'S WHY WE HAD THE COMMUNITY DEVELOPMENT AND IN THE CITY TO COVER THOSE BASES PUBLICLY AND THEN MOVE INTO EXECUTIVE SESSION, SO I JUST WANTED TO MAKE SURE THAT FOLKS UNDERSTOOD THAT THIS IS THE OPPORTUNITY. ASKED THOSE QUESTIONS OF CITY RELATED CAPITAL PROJECTS OR COMMUNITY DEVELOPMENT. M CDC PROJECTS THAT OUR QUALITY OF LIFE RELATED YEAH. MIKE KOWSKI, IF YOU DON'T MIND COMING UP FOR ME. BECAUSE WE'RE TALKING ABOUT THE 5.5 MILLION EVERY YEAR THAT CDC HAS. CAN YOU RUN THROUGH MY JUST A FEW OF YOUR TOP PROJECTS BECAUSE I THINK IT'S IMPORTANT AS WE'RE LOOKING AT. YOU KNOW WHAT THE PARKS IS ONE OF OUR ONE OF THE THINGS THAT WE BRAG ABOUT IN THE CITY. WE HAVE A GREAT PARK SYSTEM AND YOU HAVE A LOT OF GREAT IDEAS FOR WHAT'S COMING UP FOR US HERE. CAN YOU TALK ABOUT JUST SOME OF THE LARGER PROJECTS SO THAT WE UNDERSTAND WHY THE CONTRIBUTION FROM THE CDC IS NECESSARY? YEAH HAPPY TO MICHAEL KOWSKI, DIRECTOR OF PARKS, RECREATION, SO BASICALLY , THE 5.5 IS OUR ONE REALLY GUARANTEED FUNDING SOURCE PER YEAR. THE REST OF OUR FUNDING COMES FROM PARKLAND. DEDICATION FEES COME AND GO AS YEARS, GO ON AND BANNED MONEY AS WE NEED IT. THE 5.5 CURRENTLY FUNDS BASICALLY, OUR RENOVATION PROJECTS YOU'RE SEEING AROUND THE CITY. THAT'S THE MAJOR THRUST THOSE COSTS ABOUT $3 MILLION A NEIGHBORHOOD PARK. SO THE BIG PROJECTS YOU SEE ON THE ON THE LIST OF APEX CENTER EXPANSION, SO ON THE 5.5 DOES NOT TAKE A BIG BITE OUT OF THOSE PROJECTS, SO 5.5 REALLY IS ALLOWS US TO PLAN OUT TWO OR THREE YEARS IN ADVANCE ABOUT HOW WE'RE GOING TO KEEP IMPROVING INFRASTRUCTURE MCKINNEY WE ARE BLESSED IN MCKINNEY. WE HAVE PARKS THAT ARE 100, PLUS YEARS OLD AND SOME THAT ARE NEGATIVE. ONE YEARS OLD AND EVERYTHING IN BETWEEN. AND SO THE 5.5 REALLY HELPS US AGAIN. KEEP INVESTING. SO DEFERRED MAINTENANCE IS NOT A TERM, YOU'LL EVER HEAR ME SAY AGAIN. TRYING TO GET AFTER THAT OUR PARTNERSHIP HAS BEEN VERY STRONG. LET'S NOT FORGET. CDC DID FUND THE APEX CENTER THE INITIAL PROJECT AND STILL PAID THE BAND NOTE ON THAT PROJECT.
THE EXPANSION, HOWEVER, WE HAD TO PAUSE BECAUSE A COUPLE YEARS BACK. THE MARKET WAS SO OUT OF CONTROL AND DIDN'T MAKE FISCAL SENSE TO MOVE FORWARD WITH THAT. GUESS WHAT WE'RE BACK NOW AND MORE STABLE TIMES, WHERE MAY MAKE MORE SENSE TO REVISIT THAT PROJECT. 5.5 WILL BE ABOUT A QUARTER. IF NOT LESS THAN WHAT WE NEED FLAT APEX CENTER EXPANSION. SO MY MESSAGE TO THE GROUP AND TO CDC PARTNERS WHO ARE GREAT PARTNERS IS 5.5 IS MUCH APPRECIATED. IT'S PROBABLY NOT ENOUGH TO KEEP UP WITH THE PACE AND RHYTHM THAT WE'RE TRYING TO GET. AFTER. TO HIS IS THE EXPRESSION OF APEX IS THAT IS THAT BONDABLE IS THAT IS THAT I MEAN, WOULD YOU WOULD WE ISSUE BONDS AND THEN AND THEN BASICALLY, THE DEBT WOULD BE SERVICED. POTENTIALLY. THAT'S ONE OPTION. YES, SIR. OKAY? OR WE COULD ALSO SEE SECRET ISSUE AS WELL, RIGHT? I'LL POINT OUT LIKE THAT, UM, IN ADDITION TO THE 5.5 AND THE BOND SERVICE, WE ALSO REGULARLY GO OVER THAT AMOUNT IN OTHER PARTS PROJECTS, SPECIAL PROJECTS THAT WILL COME TO US AND SO IT'S VERY RARE THAT WE STOPPED AT 5.5. I WOULD JUST SAY TO MIKE'S POINT WE HAD A JOINT MEETING WITH WE HAVE AN
[01:20:02]
ANNUAL JOINT MEETING WITH PARTS BOARD AND JUST DID THAT LAST MONTH AND MIGHT PRESENT HIS PRIORITIES AND WE GET ITERATION FROM BOTH BOARDS. AND, UM WHEN MIKE BROUGHT HIS TOP FIVE FOR THE NEXT YEAR, I EVERYBODY AROUND THE ROOM JUST SAID, AND YOU ABSOLUTELY NAILED IT RIGHT ON THE HEAD AND IN TERMS OF WHAT? WE THOUGHT THAT WE SHOULD BE FOCUSING ON SO WE REALLY APPRECIATE THE COLLABORATION FOR SURE. OKAY? MY COMMENTS DOES THE PARK DEDICATION PAID? HOW MUCH DO YOU HAVIN FUN BANK BALANCES FOR THE PARK DEDICATION AND THEY STILL IN DISTRICTS LIKE THE HISTORICALLY WERE IN THAT HELP SUPPORT NEW PARKS OR AND THEN THE 5.5 IS USED FOR OLDER PARKS . GREAT QUESTION. THEY AREN'T DISTRICTS THEY WERE IN FOUR DISTRICTS IN THE PAST FACE THIS WAY AT THE ENTRANCE FOR THE SAKE OF THE RECORD FOUR DISTRICTS BEFORE WE PASSED A NEW PROGRAM EDUCATION ORDINANCE THAT NOW HAS SEVEN DISTRICTS. SO NOW MONEY COLLECTED FROM A PROJECT HAS SPENT CLOSER TO THE PROJECT. FUND BALANCE RIGHT NOW, THE BEST GUESS OF THE TOP IS PROBABLY AROUND 5 TO $6 MILLION. ALL DISTRICTS COMBINED REALLY HEAVY IN THE CRAIG RANCH AREA SUSPECT NUMBER TWO IN TERMS OF GROWTH IS IN NORTHWEST QUADRANT. THAT'S ALL NEW HOMES ARE HAPPENING.HOWEVER AS YOU MOVE FURTHER EAST IN OUR CITY, THE FUND BALANCE GOES DOWN FROM MILLIONS TO ABOUT $80,000 IN SOME IN SOME DISTRICTS WE USED TO 5.5 TO FUND THOSE DISTRICTS THAT ARE UNDER UNDER PERFORMING BUT ARE NOT REGENERATING MONEY. SO FOR INSTANCE, THE $20 MILLION IMPROVEMENTS. WE'VE DONE THE EAST SIDE OF MCKINNEY IN THE PAST COUPLE OF YEARS. NOT FUNNY FROM PARKING DEDICATION BY AND LARGE FUNDING FROM M C. D. C. BEFORE THAT MONEY WOULD NOT BE ABLE TO DO THIS PROJECTS. WE DO SO IN CANCER WITH CITY COUNCIL WE UPDATED AND MADE MORE MODERN OR PART DEVELOPMENT ORDINANCES. MONEY TO US. NOT ONLY DOES HE DEVELOPER PARTNER WITH US ON LAND, HE ALSO WAS A FEE FOR EVERY UNIT THAT THEY BUILD. THIS ALLOWS US TO GET LAND AND FUNDS TO BUILD A PARK AND THE PROPERTY THAT MONEY HAS NOT COME TO FRUITION. YET IT'S A RATHER YOUNG ORGANISTS, BUT IT WILL IN A COUPLE OF YEARS. WE'RE GOOD. ANY OTHER QUESTIONS? FROM HAVE A QUESTION? NOT FOR MR KOWSKI. OKAY. THANK YOU, MAN. THANK YOU. WAS THERE MENTION OF A STOREFRONT LIBRARY. AND CAN WE TALK A LITTLE BIT ABOUT LIBRARY EXPANSION? I'M NOT SURE.
CAPTURED. THAT WAS MENTIONED BY IT WAS MENTIONED IT HAS BEEN SOMETHING DISCUSSED BEFORE. DOES KIM. DO YOU WANT TO COME TALK ABOUT IT? WE'LL PUT KIM ON THE SPOT. SHE LOOKED TOO COMFORTABLE BACK THERE SO HELLO. GOOD AFTERNOON. WE KNOW THAT IN OUR LIBRARY MASTER PLANNING AS THE CITY GROWS, THE NEED FOR LIBRARY SERVICES CONTINUES TO GROW AND OUR LIBRARY TEAM HAS LOOKED AT USING DOING A THIRD BRANCHES, A STOREFRONT LOCATION WHERE WE WOULDN'T BUILD A NEW BUILDING, BUT RATHER WOULD RENT OUT SOME SPACE. WE HAD SOME FUNDS FOR A FEASIBILITY STUDY TO DO THAT, BUT THEN WE STARTED LOOKING AT SORT OF SOME DIFFERENT OPTIONS BASED ON SOME OTHER PROJECTS, SO WE DIDN'T MOVE FORWARD WITH THAT. BUT IT IS STILL ON THE RADAR. WHAT WE WANT TO MAKE SURE IS THAT WHATEVER WE DO NEXT REALLY MEETS THE NEEDS AND ALSO BALANCES WITH SORT OF OUR FISCAL CAPABILITIES, WITH ALL OF THE GROWTH THAT'S HAPPENING WITH PAINTED TREE AND THEN EVEN HONEY CREEK COMING ON BOARD WHERE THAT LIBRARY GOES AND WHAT IT MEANS COULD CHANGE. SO WE ARE PURSUING A STOREFRONT LIBRARY IN THE SHORT TERM. BUT THE NOTION OF HOW WE LOOK AT OUR SERVICES AS WE GROW IS CRITICALLY IMPORTANT . WE'RE ALSO SEEING SOME REALLY INTERESTING TRENDS IN SOME COMMUNITIES WHERE THEY'RE PAYING , PARING THEIR LIBRARY SERVICES WITH RECREATIONAL SERVICES, SO WE'RE SEEING SOME COMBINED REC CENTER LIBRARY FACILITIES THAT ARE VERY INTERESTING. AS IT WAS PLANNED. THE STOREFRONT LIBRARY WAS REALLY GOING TO BE MORE ADULT FOCUSED KIND OF PROVIDE A LOT OF SUPPORT FOR LIKE FOLKS WHO WORK AT HOME, AND WE'RE WANT TO ANALYZE THAT AS WELL TO ENSURE THAT THAT'S WHAT WE NEED, ESPECIALLY IN LIGHT OF THE FACT THAT JOHN AND JUDY GAY LIBRARY IS ONE OF OUR MOST POPULAR AND IS VERY FAMILY FOCUSED SO DOES THAT HELP? ANSWER YOUR QUESTION OR CAN GIVE ANY MORE INSIGHT? BECAUSE I APPRECIATE THAT YOU SPOKE ABOUT PARTNERING BECAUSE I KNOW WHEN I WAS ON THE LIBRARY ADVISORY BOARD. THERE WAS TALK ABOUT PARTNERING WITH MY SD WITH THE CONSTRUCTION OF THE NEW SCHOOL OF THE JOURNEY FALLS, AND I THINK THAT WAS REPORTED OUT, BUT I JUST REALLY APPRECIATE THE FORESIGHT BECAUSE THE NEW LIBRARY THANKS VERY MUCH NEEDED, ESPECIALLY IN THE NORTHERN PERIOD NORTH OF HIGHWAY, SO NO PROBLEM. THANK YOU. ANYTHING ELSE ON DISCUSSING FUNDING ON PRIORITIES AND FUTURE STEPS AND POLICY. THEN, ARE WE MOVING? GO
[01:25:03]
AHEAD, JOHN? UH IN THE NEWSPAPER. WE TALKED ABOUT THIS INVERTED DECK PROJECT. ALL RIGHT. GOOD NIGHT. MHM BEGINNING WITH CITY HALL WAS CURIOUS WHERE THAT FITS AND ALL THIS DIDN'T HEAR IT MENTIONED TODAY, PART OF ANYTHING. SOMEWHERE IT'S ON THE LIST. IT WAS ON THEIR EARLIER.IT'S NOT FUNDED YET. BECAUSE WE HAVEN'T YET FINALIZED THE FUNDING SOURCE WE'RE WORKING ON THAT WE'RE WORKING WITH THE COUNCIL OF GOVERNMENT. AND TEXT DOT THEIR COUNSEL GOVERNMENT'S OFFERING TO HELP WORK WITH US AND TEXT TO IDENTIFY THE FUNDING SOURCE FOR THE HOLIDAY SEPARATED GRADE PEDESTRIAN CROSSING A PLAZA TYPE OF THING, UM, BUT IT WAS ON A LIST EARLIER. WE CAN GO BACK AND SHOW YOU IF YOU WANT, BUT IT'S VERY IS GOING TO COME UP AND SHOW YOU MAYBE BUT WE HAVE YET JUST MAYBE I MISSED THE YEAH, BUT THESE ARE ALL NOW. IF WE GET FUNDING DIRECTLY FOR THE PROJECT, WE WON'T HAVE TO ISSUE THE DEBT AND PAY FOR IT. RIGHT SO THAT'S WHAT WE'RE WORKING ON.
BUT WE HAVE NOT YET FINALIZED THAT. THANK YOU, BARRY. ANYONE ELSE? SO WE'RE GOING TO MOVE
[V. JOINT EXECUTIVE SESSION]
INTO A JOINT EXECUTIVE SESSION IN ACCORDANCE WITH THE TEXAS GOVERNMENT CODE SECTION 551 CONSULTANT CONSULTATIONS WITH ATTORNEY ON ANY WORK SESSION AND SPECIAL SESSION OR REGULAR SESSION AGENDA ITEMS REQUIRING CONFIDENTIAL ATTORNEY CLIENT ADVICE NECESSITATED BY THE DELIBERATION OR DISCUSSION OF SAID ITEMS. DOUBLE. DELIBERATIONS ABOUT REAL PROPERTY MUNICIPAL COMPLEX USABLE FACILITIES. STR CORRIDOR SECTION 551 DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT MATTERS, UM CRAIG RANCH HOTEL. LLC PROJECT 29 TOUCHES BREWERY ENTERTAINMENT DESTINATION. PROJECT BLUE SKY PROJECT CARDBOARD PROJECT HEMISPHERES AND PROJECT TARRAGON. AND WE WILL, UH.* This transcript was compiled from uncorrected Closed Captioning.