Jun 20, 2023 McKinney Economic Development Corporation

[00:00:03]

TRAVEL TO SOME FUN. YEAH. GOOD MORNING. WELCOME TO MCKINNEY ECONOMIC DEVELOPMENT CORPORATION

[CALL TO ORDER]

MAYBE PRESIDENT NO CITY COUNCIL ACTION WILL BE TAKEN. MEETING IS BROADCAST LIVE ON CABLE TV AND THROUGH THE CITY'S WEBSITE SPECTRUM CHANNEL 16 18 TO U VERSE CHANNEL 99 AND THAT MCKINNEY LEGISLATOR DOT COM FIRST AGENDA ITEM IS PUBLIC COMMENTS ON ANY AGENDA ITEMS. FOR NON PUBLIC HEARING ITEMS. IS THERE ANYBODY THAT WANTS TO ADDRESS THE BOARD AT THIS TIME?

[CONSENT ITEMS]

OF THE MAY 16TH. 2023 MEETING. THE QUESTIONS, COMMENTS, MOTION MOVED TO ACCEPT AS PRESENTED SECOND. LENA. WORKING. NO. HMM. QUESTION MOTION BY KURT KANE'S SECOND BEHIND THAT MOSTLY FRESHNESS, NETWORKING. FAVORITE I MOTION PASSES. MIND SHOWING IT, BUT IT WON'T LIKE EXCESSIVELY. AND THAT'S FINE. DON'T WORRY. WE'RE GETTING A NEW CITY ALL WORK OVER THERE. NEXT ITEM NEXT ITEM IS AD HOC AUTUMN REQUEST TO THE CITY COUNCIL TO PROVIDE NEW COMPUTERS AND ACCESS TO THE SYSTEM AND NOT JUST KIDDING. I'M SORRY. VERTICAL ON THE CITY HALL LOOKS GOOD, THOUGH. YEAH, OPPRESSIVE. YEAH. UNTIL IT FILLS IN, RIGHT. ALL RIGHT. NEXT WE HAVE BORDEN

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

MORNING, MR CHAIRMAN, MR PRESIDENT. 1212. TRY TO TEST THERE WE GO.

PERFECT, OKAY? SO THIS LAST SATURDAY WE HAD OUR JUNETEENTH CELEBRATION AT FRENCH PARK. JUST THE PUBLIC. THANK YOU AND PAT ON THE PUBLIC PAT ON THE BACK IF YOU WILL FOR EMPRESS DRAIN, WHO REALLY SORT OF SPEARHEADS THE COORDINATION OF IT COMMUNITY EFFORT, OF COURSE, AND SHE WORKED WITH A NUMBER OF FOLKS IN THE COMMUNITY. I KNOW THAT COUNCILWOMAN FELT THIS WAS ALSO A KEY PART OF THE ORGANIZATION OF JUNETEENTH CELEBRATION. THEY DID HAVE SOME ISSUES WITH THEIR GENERATOR THAT WAS PRIVATELY SOURCED. THEY WORK THROUGH IT VERY PATIENTLY. I GOT A FEW PHONE CALLS HERE AND THERE, BUT IT TURNED OUT TO BE A GREAT EVENT AND EVERYBODY WAS VERY PATIENT AND EVERYTHING ALL TURNED OUT OKAY, ACCORDING TO THE COUNCILWOMAN. UM JUST A PREVIEW OF TONIGHT'S CITY COUNCIL MEETING AT WORK SESSIONS , SO EVERY TWO YEARS WE DO A CITIZEN SURVEY. IT'S THE ONLY SCIENTIFIC SURVEY THAT WE DO IN THE CITY. IT'S A RANDOMLY SAMPLED SURVEY WITH A MARGIN OF ERROR OF OUR RESIDENTS, AND IT'S REALLY GAUGING THEIR VIEWS ON CITY SERVICES ACROSS THE WHOLE BATTERY OF SERVICES AND WERE COMPARED WITH CITIES ALL ACROSS AMERICA THAT PARTICIPATE IN THE SAME SURVEY, AND THIS IS THE GOLD STANDARD FOR COMMUNITY WIDE SURVEYS. DONE BY THE NATIONAL RESEARCH CENTER, AND POCO, THE CONSULTANT FOR POCO WILL BE HERE THIS EVENING PRESENTING OUR SURVEY RESULTS OR THIS AFTERNOON. I SHOULD SAY IT OUR WORK SESSION, SO IF YOU'RE INTERESTED, COME ON AND JOIN US OR TUNE IN AND FIND THE INFORMATION WILL BE PUBLISHED, OF COURSE ONLINE, BUT IT'S ALWAYS VERY ENLIGHTENING AND INTERESTING TO SEE WHAT'S ON THE MINDS OF OUR CITIZENS. ALSO AT THE COUNCIL MEETING TONIGHT, THE COUNCIL WILL CONSIDER AN INCREASE IN OUR HOMESTEAD EXEMPTION FOR THE OVER 65 AND DISABLED. THEY HAVE CERTAINLY BEEN PRESENTED WITH OPTIONS FOR JUST DOING IT AND INSTITUTE AT HOMESTEAD CITYWIDE, AS WELL AS EVEN IF TAX FREEZE. WHAT WE'RE BRINGING TONIGHT IS AN INCREASE CONSIDERATION FOR AN INCREASE IN THE HOMESTEAD EXEMPTION FOR OVER 65 AND DISABLED, WHICH HAS BEEN IN PLACE FOR A NUMBER OF YEARS. UM SO MORE TO FOLLOW ON THAT, BUT THAT'S TONIGHT'S COUNCIL

[00:05:04]

UM AND SOME FUN ONES. 50, TOTALING UM 3,000,350,000. HAVE $50,000 FOR THE HERD MUSEUM TO COMPLETE SOME CONSTRUCTION ON SOME ADDITIONAL NEEDED STRUCTURE FOR ANIMALS. ANIMAL FOOD, UM, THEY MCKINNEY HOUSING AUTHORITY WAS AWARDED 1.8. MILLION DOLLARS . THIS HAS BEEN AN ONGOING PROJECT, DEMOLITION OF THE COCKEREL HOMES AND LLOYD COHEN'S LOW INCOME COMMUNITIES. THIS IS A 65 YEAR OLD COMMUNITY WITH 50 UNITS AND HAS DEEMED BEYOND REPAIR AT THIS POINT, SO, UM A NEW CONSTRUCTION WILL, UH, WILL BE BUILT. INCREASING THE NUMBER OF UNITS TO 96. WE CALLED THE REMNANT AND HAVE DUPLEXES, TOWN HOMES AND MULTI STORY APARTMENTS . THE SECOND MAJOR PROJECT IS FOR THE CONSTRUCTION OF PALLADIUM OF MCKINNEY 172 UNITS OF LOW INCOME HOUSING, INCLUDING 24 STORY BUILDINGS WITH 56 1 BEDROOM UNITS, 84 2 BEDROOM UNITS AND 32 3 BILLION BEDROOM UNITS. AND THIS WILL BE LOCATED AT THE NORTHEAST CORNER OF VIRGINIA AND CARLO. SO THERE WILL BE HOPE. THERE WILL BE SOME . THIS WAS APPROVED. THE APPROVED BOTH OF THESE AFFORDABLE HOUSING PROJECTS WITH THE CAVEAT THAT IF ANOTHER ENTITY YEAH, UM, FUNDED ONE M C D WOULD FUND THE OTHER. SO I'M REALLY PLEASED TO SAY THAT THIS IS HAPPENING. AND AFTER A WHAT SIX MONTHS. HOUSING UM TASK FORCE, WHICH THE CITY HAS HOSTED . MCD'S HAS FACILITATED. IT'S REALLY GREAT TO HAVE TWO MAJOR PROJECTS MOVING FORWARD. OTHER OTHER THINGS THAT ARE HAPPENING THE PROMOTIONAL AND COMMUNITY GRANTS WILL BE PRESENTED THIS WEEK FOR OUR JUNE 22ND MEETING, AND THERE ARE 11 OF THESE, RANGING FROM THE HERITAGE GUILD OF KONG COUNTY. THE LACROSSE CUB MAKIN, A REPERTORY THEATER ART CLUB. ROTARY CLUB. PHILHARMONIC ORCHESTRA CHAMBER FOUNDATION, MCKINNEY MAIN STREET, TEXAS. CELLO IS COLLIN COUNTY MASTER GARDENERS AND SPG HOSPITALITY, SO WE'LL HAVE FUN HEARING THOSE PRESENTATIONS THIS WEEK AND THEN THE FINAL GRANT. CYCLE FOR THE

[00:10:09]

MORNING MR PRESIDENT, MR. CHAIR MEMBERS OF THE BOARD. ERIN WARNER, EXECUTIVE DIRECTOR OF VISIT MCKINNEY EXCITED TO PRESENT TO YOU THIS MORNING FOR A COUPLE OF MINUTES IF YOU CLICK ON THE LINK ON THE AGENDA THAT WAS SENT OUT, YOU'LL SEE YOU DON'T HAVE TO DO IT RIGHT NOW.

YOU CAN DO IT IN YOUR OWN TIME. YOU'LL SEE A NEW LINK. AT THE TOP OF MY PRESENTATION. I WILL TAKE YOU TO A DIGITAL REPORT THAT YOU CAN GO TO EACH MONTH THAT THAT WILL BE A LOT OF THOSE ARE UPDATED REAL TIME. SO AS NEW CELLS, THINGS COME IN, YOU'LL BE ABLE TO SEE THAT BUT MOVING FORWARD THAT WILL GIVE YOU SOME ACCESS INTO SOME MORE DATA OF WHAT'S GOING ON OVER AT VISIT MCKINNEY FROM HER CELLS, VISITORS STANDPOINT, THINGS LIKE THAT. BUT MAY WAS A HUGE MONTH FOR US. WE KNEW IT WAS GOING TO BE A GREAT MONTH WITH ALL THAT WE HAD TO WORK. BUT NOW THAT WE HAVE SOME OF THE DATA ABOUT IN FRONT OF US, OUR TEAM OURSELVES AND SERVICES TEAM PERSONALLY WORKED 1750 ROOMS THAT WERE PICKED UP. THOSE WERE THAT THOSE WERE THINGS WE DIRECTLY TOUCHED, OBVIOUSLY A LOT MORE IN THE COMMUNITY THAT CAME THROUGH WE PUT TOGETHER 756 WELCOME BAGS THAT WERE DELIVERED TO HOTELS OR THE TWO SPORTS TEAMS DURING THAT MONTH, AND ALL OF THAT ACCUMULATED TO SOME RECORD NUMBERS FOR US, UM OVER VISIT MCKINNEY, A 79.2% OCCUPANCY FOR THE ENTIRE MONTH ACROSS THE BOARD FOR ALL OF OUR HOTEL PROPERTIES TO MAKE THAT UP. IF YOU LOOK AT IT, THERE WERE MANY SATURDAYS AND SUNDAYS THAT WE'RE AT 95 94 95, WHICH IS. AND AWESOME THING TO SEE IN THE COMMUNITY. IN MAY. WITH THE BYRON AND EVERYTHING THAT WE HAD GOING ON. IT WAS A 9.5% INCREASE ON OUR OCCUPANCY FOR THE CITY, SO I JUST KEPT US BUSY. BUT WE LOVED WORKING THAT THERE WAS A LOT OF FUN AND YOU CAN AGAIN. IF YOU CLICK THAT LINK, YOU'LL BE ABLE TO SEE MORE OF THE DATA AND HOW THAT ALL PLAYS OUT THROUGH THAT REPORT. MOVING FORWARD. OUR TEAM IS ACTUALLY WORKING WITH MULTIPLE DEPARTMENTS PREPARING FOR THE SOLAR ECLIPSE IN APRIL OF 2024. MCKINNEY'S ACTUALLY A TOTAL BLACKOUT COMMUNITY FOR THE SOLAR ECLIPSE THAT DAY. AND SUPPOSEDLY, IF YOU STUDY THESE THINGS, PEOPLE FLOCKED FROM ALL OVER THE COUNTRY FOR ANYWHERE THAT'S IN THE TOTAL BLACKOUT REALM. AND SO, UM WE'RE PREPARING WITH ROOM BLOCKS AND MARKETING CAMPAIGN AND EVERYTHING AROUND THAT WITH MULTIPLE DEPARTMENTS AND APART MAIN STREET, MOST LIKELY THE LIBRARY WILL HAVE THEIR OWN STANDALONE EVENTS FALLS RIGHT AT LUNCHTIME, SO WE'LL PROBABLY BE ABLE TO DO SOME FOOD TRUCKS AND THINGS LIKE THAT. THAT ARE ORGANIZED EVENTS. SO WORKING ON THAT NOW, IF YOU LOOK AROUND, OTHERS ARE ALSO DOING THE SAME PLANO AND OTHER COMMUNITIES THAT FALL IN THERE. WE'RE ALSO PREPARING FOR A BIDS TO OPEN BACK UP IN JULY, AND THIS IS GOING TO BE FOR THE NEXT FEW YEARS OF ALL INCAS SPORTS CHAMPIONSHIPS AND LARGE EVENTS LIKE THAT. OF COURSE, WE'LL GO BACK AFTER OUR D TWO FOOTBALL

[00:15:01]

ANY QUESTIONS WAS TEXAS REVOLUTION. THE MUSIC REVOLUTION. HOW WAS THAT THIS YEAR AND THAT ROOM RATES FOR YOU . SO AS FAR AS THE EVENT I'VE HEARD THAT TICKET SALES AND STUFF WAS ABOUT THE SAME AS THE PREVIOUS YEAR. FROM A HOTEL STANDPOINT, THEY CREATED THEIR OWN HOTEL PACKAGE, AND I BELIEVE THEY HAD 17 OF THE PACKAGES PICKED UP WHICH IS, YOU KNOW, THAT'S JUST YOUR VISITOR. THEN, OF COURSE, YOU HAD YOUR YOUR PEOPLE WHO JUST STAYED THAT WERE IN BANDS AND STUFF SO INTERESTING. AND AUSTIN JOB BEFORE MAKING THE REAL TIME UPDATE ON THE REPORTS MIGHT HAVE TO PICK YOUR BRAIN OFF LINE. AGAIN FOR THE APRIL 20 20/4. DO YOU HAVE AN IDEA HOW MANY PEOPLE EXPECT I DON'T HAVE A NUMBER RIGHT NOW, BUT, UH, EVEN EVEN ON OUR TEAM, WE HAVE PEOPLE WHO SEVERAL YEARS AGO DROVE ACROSS THE COUNTRY TO GO TO A DIFFERENT SOLAR ECLIPSE LIKE THIS. AND SO WE KNOW IT HAPPENS. I HAVE NO IDEA WHAT TO EXPECT. BUT WHERE WE'RE PREPARING, EVEN WITH THE COMMUNICATIONS TEAM ON ON HOW TO INTERACT LIKE IT. YOU KNOW, WE CAN'T HAVE PEOPLE JUST STOPPING IN THE HIGHWAYS AND STILL WILL HAVE SOME MESSAGING ABOUT THAT KIND OF STUFF, TOO. BUT WE'RE JUST WE'RE TRYING TO GET AHEAD OF IT A LITTLE BIT AND CREATES AN ORGANIZED SPACES WHERE PEOPLE CAN GO. I'M ON ALL DIFFERENT PARTS OF OUR COMMUNITY, NOT JUST ONE. YOU KNOW, IN THE CENTER. SO WHAT DAY IS IT? APRIL 8TH. I BELIEVE ME. SEE? LET ME CHECK.

DOUBLE CHECK THAT. APRIL 8TH 2024 AND AGAIN MCKINNEY SOMEWHERE IN THE NOON 12 30 TIME FRAME FOR THE TOTAL BLACKOUT. YEAH. GET READY GLASSES THAT WE WILL. YEAH WORKING ON THAT AS WELL. THANK YOU. THANK YOU GOT THEM. ALL RIGHT. COMMITTEE UPDATES, SO LET'S START MARKETING. UM YES, WE HAD A MEETING, UM, REVIEWED AGAIN. STILL LOOKING AT SOME OF THE NUMBERS FROM THE VYRON. AS WELL AS TALKING ABOUT SOME MARKETING EFFORTS AROUND OUR 30TH ANNIVERSARY SO MORE TO COME ON THAT AWESOME PRESENTATION FOR YOU TODAY AND IN EXECUTIVE SESSION, SO GOVERNANCE WE HAVE NOT MET. WE'RE GOING TO MEET SOMETIME IN THE NEXT TWO WEEKS. IT WAS SCHEDULED. OKAY? AND THEN WE HAVE ME FOR CHAIRMAN COMMENTS. I DON'T REALLY HAVE A LOT. TO ADD ONE THING I WAS THINKING ABOUT. MAYBE THIS GOES BACK TO MARKETING AND YOU KNOW, WE'RE DOING A LOT OF READ STUFF ONLINE. BUT ONE OF THE THINGS I'VE ASK ABOUT IS WHETHER WE CAN TALK ABOUT GETTING SOME TYPE OF SIGNAGE ON PROPERTIES THAT WE CONTROL. ESPECIALLY AS WE MOVE FORWARD PROJECTS. I THINK THE YOU KNOW, FOR THOSE WHO JUST LIKE TO DRIVE BY AND LOOK AT SIGNS TO SEE HOW OUR SALES TAX DOLLARS ARE WORKING. SINCE WE DO QUITE A BIT OF ACREAGE FRONTING 1, 21 AND SOUTHGATE AND WHATNOT.

SO YOU CAN LOOK INTO. WOULD LOOK GOOD BECAUSE YOU'RE LOOKING FOR WAYS SIGNS YOU'RE LOOKING FOR SALE SIGNS. KIND OF BOTH, ACTUALLY. JUST SOMETHING TO SHOW THAT YOU KNOW? WE EXIST IN HAVE THAT TYPE OF PROPERLY HAD OUR DISPOSAL AND AS WE MOVE FORWARD, WHATEVER. PLANS WE HAVE IN TERMS OF PLANNING AND EVERYTHING ELSE WILL BE GOOD. HAVE SOMETHING OUT THERE THAT SAYS ANY MCKINNEY ECONOMIC DEVELOPMENT CORPORATION. ANYWAY. THAT'S JUST SOMETHING I'VE BEEN THINKING

[Consider/Discuss MEDC Monthly Reports]

[00:20:02]

THAT'S THE TRADITIONAL NUMBER SO OF COURSE, BYRON IS KIND OF A LITTLE DIFFERENT, SO WE'LL HAVE MADISON GET A LITTLE BIT MORE GRANULAR ON THAT AS WELL. AND THEN, UM, ACTIVE PROJECT PIPELINE 24. THAT'S 21 ACTIVE. AND THEN THREE MORE ADDED LAST MONTH FOR A TOTAL OF JUST OVER 3.6 BILLION IN THE PIPELINE. SO STAND FOR ANY QUESTIONS IF ANYONE HAS ANYTHING. QUESTIONS.

THANK YOU. THANKS. RIGHT? NEXT WE HAVE CONSIDERED DISCUSSING BDC 30TH ANNIVERSARY

[Consider/Discuss MEDC 30th Anniversary Celebration]

YEAH. SO WE'RE LOOKING AT THREE SORT OF DIFFERENT PATHWAYS OF HOW THIS CAN GO FIRST OPTION, LOOKING AT MORE OF A FORMAL RECEPTION, I'LL DIVE DEEPER INTO THESE IN A MOMENT. THE SECOND OPTION BEING MORE OF A OPEN HOUSE, BRINGING THE COMMUNITY INTO TACKLE LITTLE BIT MORE ABOUT WHAT M E. D C IS AND THEN THE THIRD OPTION, WHICH REALLY ORIGINATED IN MARKETING COMMITTEE IS MORE OF A PRIVATE CONCERT TYPE EVENT AS A LITTLE BIT MORE CELEBRATION FOCUS BECAUSE 30 IS A PRETTY BIG DEAL. SO FOR A FORMAL RECEPTION, THIS WOULD BE MORE LIKE A GALA VIBES . WE'D LIKE TO HAVE PRESENTATIONS TALKING ABOUT SORT OF THE HISTORY OF IMMEDIACY. HOW FAR WE'VE COME. THIS AGAIN WOULD BE A MUCH MORE FORMAL EVENT, BUT A REALLY GREAT NOD TO EVERYTHING THAT THE M E. D C HAS DONE OVER THE LAST FEW YEARS IN TALKING. ONE OF THE THINGS WE'D LIKE TO DO WITH ANY OF THESE EVENTS IS BE ABLE TO INVITE PAST BOARD MEMBERS AND OTHER STAKEHOLDERS THAT HAVE HELPED GET YOU GUYS TO THIS POINT. SO FOR A COMMUNITY OPEN HOUSE. WE'VE TALKED ABOUT SORT OF A TABLING, MEET AND GREET EVENT WE'D BE ABLE TO HAVE REALLY A TIMELINE OF ME DC PAST BOARD MEMBERS AND TALK ABOUT OKAY. WE STARTED IN 93. HERE'S ALL THE STEPS WE'VE TAKEN AND ALL THE THINGS THAT WE'VE CONTRIBUTED TO COMMUNITY. SINCE THEN, THIS WOULD BE A FULLY OPEN TO THE PUBLIC EVENT IN A LARGE OPEN SPACE WITH FOOD TRUCKS. VERY CASUAL. WE WOULD ADVERTISE IT ON ALL OF OUR SOCIAL MEDIA SO MUCH DIFFERENT THAN THE PRIVATE RECEPTION. THE LAST OPTION WE'VE TALKED ABOUT IS A PRIVATE CONCERT. SO AGAIN, THIS IS A LOT MORE OF A CELEBRATION. AND REALLY FOCUSING ON HEY, WE MANAGED TO 30. LET'S CELEBRATE. LET'S HAVE A GOOD TIME. LET'S INVITE ALL OF THE STAKEHOLDERS THAT WE CARE ABOUT AND REALLY CREATE A SPECIAL EXPERIENCE FOR THEM. SO I DEFINITELY WANT TO SAY WE CAN DO ANY AND ALL OF THESE, AND I'M FULLY READY FOR WHATEVER YOU GUYS WANT TO DO, BUT THEY'RE ALSO DIFFERENT, SO I WANTED TO GIVE YOU THE CHANCE TO HAVE THOUGHTS ON THEM. UM SO AT THIS TIME, I'LL STAND FOR QUESTIONS. FEEDBACK STARTS. WHEN ARE YOU THINKING ABOUT DOING THIS? SO WE WOULD LIKE TO DO IT IN SEPTEMBER OR OCTOBER? UM REALLY MOST OF THESE TAKE A LITTLE BIT OF WORK TO GET GOING, AND ESPECIALLY SOMETHING LIKE A

[00:25:05]

SOME GUY NAMED MAYOR HEARD THERE'S A PRETTY GOOD BAND AROUND HERE. THE OTHER THING WE KICKED AROUND THE MARKETING WAS TO DO A COMBINATION OF BOTH TO YOUR POINT, KIND OF LIKE THE SITUATIONS WHERE THEY DO. ISSUES GRANTS CAPE AS AN EXAMPLE WHERE THEY HAVE THE PRIVATE AREA FRONT. AND THEN THEY HAVE THE GENERAL PUBLIC. SO AGAIN, IT'S KIND OF IT KIND OF FILLS BOTH OF THOSE YOU CAN THROW HOMAGE AND YOU KNOW, TO THE PAST STAKEHOLDERS AND STUFF LIKE THAT TO GET TOGETHER, BUT THEN ALSO HAVE SOMETHING IN THAT'S OPEN TO THE PUBLIC FOR ALL TO ENJOY LIKE THAT IDEA. YOU HAVE AN IDEA HOW MUCH COST SCENARIO ISSUE OPTIONS. WE HAVE A WE HAVE A SET BUDGET THAT WE WOULD USE ON ANY OF THE THREE OPTIONS. IT'LL JUST LOOK DIFFERENTLY, DEPENDING ON WHAT TYPE OF EVENT ANY OTHER QUESTIONS. OKAY THANK YOU FOR YOUR THOUGHTS. THANKS WHICH ONE? DID YOU PICK COMEDY? SOUNDS LIKE A CONTOUR 12 OR THREE. BRIAN LIKE THE IDEA OF WHAT YOU SAID.

WHICH KIND OF LIKE YOU SAY YOU COULD HAVE PART OF THE LIKE THE FRONT PART WITH LIKE YOU, SAID.

GRANT SKIP THAT TYPICALLY HAVE TABLES SET UP. WHERE YOU COULD INVITE EXPORT MEMBERS PASSED.

COUNCIL MEMBERS WHATNOT. THEN HAVE IT OPEN TO THE PUBLIC. JUST DON'T DO IT. THE WEEK OF OCTOBER 21ST. THAT'S MY DAUGHTER'S WEDDING. WE WE COULD DO IT THERE. AND THAT'S A YEAH. YES THAT SEEMS TO BE COMING A PUBLIC EVENT, MY EXPENSE PEOPLE AT OUR EVENTS WHAT YOU'RE SAYING? SO

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

MOVING ON TO ALSO, WE DON'T NEED A POINT. IT'S A IT WORKS SOMETIMES. JUST GOT POINT SOMEWHERE. AH YES, YOU CAN GO TO HERE WE GO. SOMETIMES IT WORKS, I GUESS. UM OKAY. SO FOR THE MONTH OF APRIL, THIS APPLIES TO FEBRUARY SALES TAX COLLECTED IN APRIL, MCKINNEY HAD A 10.6% INCREASE. I WILL KNOW THAT WE HAVE POSITIVE AUDIT COLLECTIONS ARE TRUE INCREASE FOR THIS WAS CLOSER TO 7% ALLEN HAD A 15.2% INCREASE. FRISCO STAYED ABOUT THE SAME AS LAST YEAR AND PLANO SALT 10.4% INCREASE. IF YOU RECALL LAST YEAR HOW BIG THE WET WASN'T SUSTAINABLE FOR THEM TO KEEP THE 15 TO 20% INCREASES THEY WERE SEEING. YOU CAN SEE THEM START TO FLATTEN OUT. BUT OUR YEAR TODAY TO INCREASE THROUGH APRIL WAS 8.6. AND LET'S GO TO THE OOPS. OKAY? IN REGARDS TO SELL SEX BY INDUSTRY. YOU CAN SEE RETAIL TRADE. GET UP TO 12% FOR ABOUT 4 TO 5 MONTHS. WE'VE

[00:30:01]

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

CAN GO TO THE INCOME STATEMENT. I DON'T KNOW. OKAY? MY AMAZING INCOME STATEMENT. WE HAD 2.1 MILLION IN SALES, TAX REVENUE 155,000 AND INTEREST INCOME 150,000 AND MISCELLANEOUS REVENUE. THAT WAS THE PARKING FEE FOR THE PARKING GARAGE OVER AT THE NEW OFFICE BUILDING. UM IN REGARDS TO OUR SO OUR TOTAL REVENUE FOR THE MONTH OF MAY WAS TO A LITTLE ABOUT OVER 2.4 MILLION IN REGARDS TO EXPENDITURES. WE HAD CLOSE TO 200,000 AND OPERATIONAL EXPENSES AND PROJECT EXPENSES. WE HAD A LITTLE OVER 400,000 NON DEPARTMENTAL WAS ABOUT 240,000.

SO OUR TOTAL EXPENSES FOR THE MONTH OF MAY WAS 843,000. MOVING TO SALES TAX. SO CELLS TEXT FOR THE MONTH OF MAY IS SALES TAX FOR MARCH, AND WE STAYED ABOUT THE SAME AS LAST YEAR WITH A 0.1% INCREASE. ALAN HAD A 3.8% INCREASE FRISCO SOLID DECREASE, WHICH IS GOING TO BE I FORESEE THAT BEING A TREND WITH THE HOW HIGH THEIR INCREASES WERE LAST YEAR AND PLANO SALSA A 0.3% INCREASE. I WILL NOTE THAT WE HAD AUDIT COLLECTIONS LAST MARCH AND SO ARE TRUE PERIOD OF PERIOD INCREASE, EVEN THOUGH IT'S SHOWING THAT FLAT IS REALLY AROUND THE 4% AND SO IF YOU EVER GOT LAST LAST MONTH, AND THIS MONTH WERE AROUND THAT 6% RANGE, AND THAT'S WHERE WE'RE CURRENTLY PROJECTING. THE YEAR END IN THE CDC BUDGET. THE FALL IS ABOUT THE BUDGET 5% WERE EXPECTING BETWEEN SIX AND 7% IN THE YEAR. WE STILL GOT THREE OR FOUR MONTHS AGO, BUT THAT'S OUR BEST , UM, EXPECTATIONS AT THIS MOMENT. AND YOU CAN SEE HERE YOUR TODAY WE'RE AT 7.3% TO THOSE MONTHS FALL IN THE LAST FISCAL YEAR. THOSE THAT'S WHY I'M MORE CONFIDENT WITH A 6% RANGE. RETAIL TRADE DROPPED BACK DOWN TO 4% FOR THIS MONTH. SO IT LOOKED LIKE LAST MONTH MIGHT BE AN ANOMALY AND THAT WE MIGHT BE TRAINING IN THAT FOUR OR 5 6% MOVING FORWARD WITHOUT BEING FIVE OF THE LAST SIX MONTHS FOLLOWING IN THOSE RANGE. UM LOOK AT THE OTHER. YOU CAN SEE THAT WE HAD A BIG DECREASE IN UTILITIES. BUT A LOT OF THAT WAS BECAUSE THE LAST AUDIT COLLECTION LAST YEAR AND IF YOU'RE LOOKING AT THAT MIDDLE COLUMN YOU CAN SEE THE 1.2 MILLION, WHICH WAS THAT AUTO COLLECTION THAT BROUGHT IT WAY UP. AND SO IF WE'RE LOOKING YOUR DATE ALL THE INDUSTRIES LOOK AROUND THAT YOU KNOW FORD 8% RANGE, DEPENDING ON HOW BIG OF A FACTOR THEY ARE IN OUR SALES TAX. AND SAYING THAT I'LL BE HAPPY TO STAY IN FOR ANY QUESTIONS TWO MONTHS THE SAME TIME. HAVE A QUESTION CHANCER. ARE WE ABLE TO TAKE ADVANTAGE OF SOME OF THESE INTEREST RATES BANKS ARE PAYING IN THIS DAY AND TIME, YOU KNOW FOR LIKE INVESTMENTS AND STUFF LIKE THAT FOR CASH ON HAND. AND YEAH, SO WE DO WE PULL OUR CASH THAT NOT JUST, UM WE GREW BY EVERYTHING THAT THE FUND MIGHT NOT NEED IN HAND. WE GROUP INTO INVESTMENTS , AND SO YOU'LL GET A PORTION OF THOSE INVESTMENTS DEPENDING ON HOW MUCH YOU'LL NEED FOR HENRY CALLS MONTHLY EXPENDITURES AND I GO BACK TO YOUR BALANCE SHEET. AH THIS IS GONNA BE THE END.

IT'S GONNA BE A GOOD EXAMPLE OF WHAT I'M KINKEL. MAYBE SOMETHING IS THE FIRST ONE. I CAN'T GET TO THE FIRST ONE AND STUFF. BALANCING INVESTMENT POOL. THERE YOU GO. THERE'S INTERESTED. SO YES, RIGHT HERE. WE CAN SEE THAT . UM THE FIRST TWO LINES IS WHAT I'M TALKING ABOUT IN CASH AND 725 MILLION FUNDS AND INVESTMENT POLLS, GAINING A HIGHER INTEREST RATE THAN THE CASH ON HAND WHICH YOU CAN SEE. WE HAVE ABOUT A MILLION DOLLARS OF CASH ON HAND TO COVER YOUR MONTHLY EXPENDITURES WITH REVENUES COMING IN ALL THAT STUFF, SO THAT CHANGES ON A MONTH TO MONTH BASIS, BUT WE DO OUR BEST TO UTILIZE INTEREST RATES AND WE CAN SO WE MOVE THE MONEY THAT YOU DON'T NEED FOR CASH ON HAND TO INVESTMENTS TO GET THAT HIGHER INTEREST RIGHT? AND UM, YOU'LL SEE NEXT YEAR'S BUDGET THAT WE'RE PROJECTING CLOSE TO $600,000 OF INTEREST INCOME FOR THE M E. D. C FOR THE NEXT FISCAL YEAR BASED ON THOSE ALSO DEPENDS ON THE PROJECT ACTIVITY IF YOU IF THAT PICKS UP, YOU KNOW, SPEND A LOT OF YOUR CASH ON HAND THAT YOU KNOW, DIPS DOWN AS WELL. SO BUT, YEAH, WE DO OUR BEST MOVE THAT AROUND AS WE NEED TO CALL THEM ON THE BASIS. THANK YOU. WHAT IS THE ROOT CAUSE FOR THAT UTILITY 39% NEGATIVE VARIANCE. DO WHAT? I'M SORRY. THE 39% NEGATIVE VALUES IN THE UTILITIES. SO LAST YEAR WE HAD A $400,000 AUDIT COLLECTION. SO CAN YOU GO TO SELL STOCKS WERE INDUSTRY? SO THIS IS THE THIRD LINE THERE. YOU CAN SEE THAT IN MAY OF 21. WE HAD SIX INCH OF

[00:35:10]

[Consider/Discuss/Act on the MEDC/City Council Joint Meeting Schedule and the City Council Strategic Priorities Regarding the MEDC]

BUT THE RECOMMENDATION FROM CITY SECRETARY'S OFFICE WAS THAT WE MEET. WE DO THE JOINT MEETING AT 4 P.M. WHICH CORRESPONDS WITH COUNCILS NORMAL, NORMALLY SCHEDULED WORK SESSION. SO THE QUESTION TO US IS DO WE WANT TO CONTINUE TO HOLD OUR MORNING MEETING AT 8 A.M, AND THEN COME BACK FOR THE JOINT MEETING OR DO WE WANT TO MOVE OUR MEETING UP? AND JUST JUST DO OUR FULL MEETING. WE CAN EITHER START 30 MINUTES EARLY OR AN HOUR EARLY TO GET THROUGH OUR NORMAL OPEN SESSION AGENDA AND THEN AH MOVE , TAKE A PAUSE, HAVE A JOINT SESSION MEETING WE COUNSEL AND THEN MOVE INTO AN EXECUTIVE SESSION THAT WE NEED, UM JUST DO YOU GUYS WANT TO HAVE TWO MEETINGS TO MEETINGS OR ONE MEETING MEETING MEETING FOR PREFER? STARTING IT. I WOULDN'T WANT TO START EARLIER THAN 3 30 IF THAT'S POSSIBLE. OKAY? WILL CONFIRM WITH CITY SECRETARY'S OFFICE THAT WERE AVAILABLE. THE ROOMS AVAILABLE AT 3 30. IF SO, WE'LL MOVE FORWARD, WHICH IS

[00:40:02]

OKAY WITH THAT. YES, SIR. THREE. RIGHT 23 0503 CONSIDER DISCUSS ACT ON APPROVING THE FISCAL YEAR. 23 24 DC BUDGET. YOU NEED TO VOTE ON THE OTHER ONE, SAID ACT. YEAH, WE DO. THANK YOU. SO I GUESS I NEED EMOTION, TOO. I MOVED TO. I MOVED TO GO THERE, SCHEDULED TO MOVE OUR SCHEDULED MEETINGS, TOO. POSSIBLY RIGHT BEFORE THE WORK SESSION OR THE WORK SESSION ON THOSE DAYS THAT WERE SPECIFIED. I'LL SECOND MR KENNY SECOND BY MR HOUSELY. ALL IN FAVOR. OKAY I MOTION PASSES.

THAT'S GOOD. YES, SIR. ALL DOESN'T LIKE IT, SO I SUGGEST I WAS JUST GOING TO SUGGEST THAT WHAT WE COULD DO ON THOSE PARTICULAR DATES AS WE COULD HAVE YOUR MEDIA AT TWO PM YOUR REGULAR BUSINESS AND 30, THEN WE CAN START OUR WORK SESSION AT FOUR PM AND YOU HAVE THAT TWO HOURS. IF WE STARTED AT TWO PM, FOR EXAMPLE, AT 2 30, YOU GO TO FOUR PM FOR THE JOINT MEETING.

SO YOU HAVE YOUR OPEN SESSION AND YOU JOIN THE MEETING. THEN WE CAN START OUR REGULAR WORK SESSION A LITTLE BIT LATE THAT DAY, AND WE JUST SCHEDULE ACCORDINGLY. I WAS JUST THINKING THAT FROM THE STANDPOINT OF HAVING TO WORK, IT MIGHT BE EASIER TO START LATER. WE COULD DO THAT. ABSOLUTELY BUT I MEAN, FROM THAT STANDPOINT, I MEAN, WE'RE TALKING ONE ONCE A QUARTER. WE COULD REDUCE OUR AGENDA FOR THAT. FOR OUR PLAY WITH US, RIGHT? WHEN WE STARTED WITH WE PUSH OUR WORK SESSION BE START TILL LATER. WE'LL WORK IT OUT. WHATEVER STARTS AT WHAT TIME? NORMALLY STARTS AT THREE PM, BUT SOMETIMES WE PUSH IT BACK TO FOUR PM IF OUR AGENDA IS NOT AS HEAVY. OKAY, SO IF WE PUT ON THE FRONT END START AS EARLY AS YOU THINK YOU NEED TO START FOR YOUR OPEN BUSINESS AND THEN OR FOR YOUR REGULAR BUSINESS, AND THEN WE COULD HAVE HER JOINT MEETING NESTLED IN BETWEEN. WE CAN SCHEDULE AROUND THAT. WHATEVER JUST YOU GET THE DATE SET. I THINK THAT WE CAN WORK WITH THAT. BECAUSE WE'RE UNDERSTANDING THAT THIS WAS GOING TO REPLACE THE WORK MEET THE WORK SESSION FOR IT. COULD IT COULD. IT COULD BE A JOINT IT COULD BE. WE MAY HAVE WORK SESSION BUSINESS RIGHT? THAT COULD BE PART OF THAT LARGER AGENDA, SO WE CAN WHATEVER COORDINATE WHATEVER ONE ACCOMMODATES EVERYBODY ELSE.

CITY SECRETARY'S OFFICE IN CITY MANAGER'S OFFICE TO FIND THEM. BUT I GUESS THE OVERWHELMING GOAL IS WE'RE GOING TO MOVE OUR MEETING UP RIGHT IN THE MORNING. SO TO REDUCE YOUR BILLABLE HOURS THAT QUARTER, RIGHT? OKAY. THANK YOU. YOU. I THINK AS LONG AS IT'S ON THE CALENDAR FAR ENOUGH

[Consider/Discuss/Act on Approving the FY23-24 MEDC Budget]

[00:45:05]

SO IS THIS KIND OF WHEN YOU TAKE THE SUPPLEMENT OR TWO COUNCILS THAT UP TO THAT AMOUNT, OR IS IT YEAH, SO HE'LL GIVE THE EXPECTED SALARY RANGE. AND THEN WE DO ABOUT 40% OF BENEFIT COSTS ASSOCIATED WITH THAT, AND THAT GIVES US THE TOTAL AMOUNT TO ASSOCIATE WITH THAT, BUT, YEAH, THAT CAN CHANGE UP UNTIL THAT TIME. THE CURRENT PROJECT MANAGER, I THINK IS ALREADY IN THE SALARY COSTS. SO THE ONLY POSITION WE'RE TALKING ABOUT RIGHT NOW IS THAT NEW? UM, THE NEWLY FUNDED POSITION, WHICH I THINK IS THAT THE DEVICE. THE CREEPY YEAH, THEN THE NEW POSITION ON THE SUPPLEMENTAL, BUT THE PROJECT MANAGER IS ALREADY IN THE BUDGET NUMBERS AND JUST DEPENDING ON WHAT YOU KNOW THE FINAL SUPPLEMENTAL LOOKS LIKE THE GUIDELINES FOR THAT POSITION IS WHAT WILL SHOW UP IN AS THE BUDGET, WHICH WOULD HAVE TO BE APPROVED BY THE GOVERNANCE COMMITTEE AND ALL THAT STUFF AT THAT TIME, OKAY, GO UNDER OUR PERSONNEL COSTS FOR THE YEAR. IT'S JUST SAVINGS AT THE END OF IT ROLLS INTO CALM BALANCE. YES. OKAY? THE HIGHLIGHTED NUMBER IS ASSUMED THAT WOULD BE AS IF WE WERE FULLY STAFFED. YES. RIGHT? I'M . WATCH THE PODCAST. SO ONE OF THE BIGGEST INCREASES IN THE BUDGET WAS TO ADD. ADD ABOUT $250,000 TO THE MARKETING BUDGET FOR MORE MARKETING INITIATIVES, OBVIOUSLY ANOTHER BIG INCREASE THAT WE SAW THIS YEAR WAS OUR NEW OFFICE RENT BEING IN OUR NEW OFFICE. SO THAT WAS A PRETTY SIGNIFICANT INCREASE FROM OUR OLD SPACE TO OUR NEW SPACE. UM BUT OUTSIDE OF THAT WE WERE ABLE TO INCREASE OUR PROJECTS BUDGET BY ANOTHER $500,000. UM OUR DEBT SERVICE REMAINS PRETTY CONSTANT ARE TOLD. I KNOW ONE OF OUR AH, GOALS EVERY YEAR IS TO KEEP OUR OPERATION COST AT OR BELOW 20% OF THE TOTAL REVENUE WITH THE CURRENT, UM WITHOUT THE SUPPLEMENTAL REQUEST OUR CURRENT OPTION. THE BUDGET OF 17% WITH THE NEW SUPPLEMENT REQUESTED JUST 18% SO WE'RE STILL UNDER 20 WELL UNDER 20. WHICH IS A GOOD TRENDY THING, AND AFTER EVERYTHING IT IS SAID AND DONE. THAT STILL LEAVES US WITH A UM. $900,000 CONTINGENCY FEE FOR THE YEAR AND THEN AFTER EVERYTHING IS SAID AND DONE, WE WILL STILL HAVE A SURPLUS OF $570,000 THAT WILL GO TO FUND BALANCE THAT IS CURRENTLY UNALLOCATED. ABOUT IN THE NEW SUPPLEMENTAL BUDGET THAT WOULD BE 300. 49,000 OF THEM. OKAY OF SUPPLEMENT OF EXCESS AT THE END OF THE YEAR. THE OTHER THING THAT WAS APPROVED IN THE FINANCE COMMITTEE WAS THE ADOPTION OF THE GAZELLE SOFTWARE

[00:50:05]

[BOARD COMMENTS]

[EXECUTIVE SESSION]