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[CALL TO ORDER]

[00:00:04]

GOOD MORNING. WELCOME TO THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION MEETING. IT IS TUESDAY, AUGUST 15TH 2023. IT IS A AM. WE'RE IN THE COUNCIL CHAMBERS AT 2 22, NORTH TENNESSEE STREET. KENNY TEXAS. THIS TIME I'LL CALL THE IT IS THE MEETING TO ORDER THIS MEETING IS BEING BROADCAST ON TV ON SPECTRUM CHANNEL 16 18 T UNIVERSE CHANNEL 99. AND ONLINE MCKINNEY LET'S START .COM THE FIRST ITEM IS PUBLIC COMMENTS ON ANY AGENDA ITEMS. UH FOR NON PUBLIC HEARING ITEMS IS EVERYBODY IN THE AUDIENCE THAT WANTS TO ADDRESS THE BOARD.

[CONSENT ITEMS]

SEEING NONE WILL GO TO CONSENT ITEMS. 23 647 MINUTES OF MCKINNEY ECONOMIC DEVELOPMENT CORPORATION MEETING. JULY, 18TH. IF THERE'S NO QUESTIONS TO ENTERTAIN A MOTION ON THE MINUTES MOVED TO APPROVED SECOND. MOTION IS SECOND. THIS WORKING? DID YOU HIT THE BUTTON? DID DON'T THINK DO IT AGAIN HAD OCCURRED. I WISH MY TIRED SICK MY KURT VOTES. NO, IT ISN'T.

IT'S WORKING. IT'S WORKING. I SAID YES. MINE'S NOT WORKING, NOT WORKING BACK OUT. HMM. DON'T TAKE THAT AS A MESSAGE OR ANYTHING. I'LL TAKE, UM, ANSWER NEXT ON OUR AGENDA. I SKIPPED LIKE THREE PAGES AND GOT RIGHT TO MOTION TO ADJOURN BY ACCIDENT . WHAT A DAY NEXT DOOR REPORTS.

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

FIRST UP IS CITY MCKINNEY. JIMMY LOCK MILLER. GOOD MORNING. MEMBERS OF THE BOARD. STEVE HILTON ASSISTANT CITY MANAGER FILLING IN FOR MR GRAHAM'S. THIS MORNING. MR GRAHAM'S WILL BE EXECUTIVE SESSION LATER THIS MORNING. THREE ITEMS FOR THE UPDATE FOR THE BOARD TODAY.

NUMBER ONE. THE CITY COUNCIL DID HOLD ITS BUDGET WORKSHOP LAST FRIDAY. AUGUST 11TH ANTICIPATION OF BUDGETED ABSENT WILL BE AT THE SEPTEMBER 5TH CITY COUNCIL MEETING. ONE HIGHLIGHT FROM THAT IS THE PROPOSED PROPERTY TAX WILL BE A 3% DECREASE FROM LAST YEAR. 40.4275. FROM THIS YEAR AT 0.4574 2ND ITEM JUST AS A REMINDER BOARD AND COMMISSION APPOINTMENTS ARE ANTICIPATED TO BE HELD AT AN AUGUST 22ND MEETING OF THE CITY COUNCIL. AND LASTLY, ON TONIGHT'S CITY COUNCIL MEETING IS CONSIDERATION FROM THE CITY COUNCIL FOR NEW REFUSE AND RECYCLING CONTRACTS WITH TWO NEW PROVIDERS, AND WE CURRENTLY HAVE A COMPANY CALLED FRONTIER WASTE SOLUTIONS FOR REFUSE AND A COMPANY CALLED BALCONIES RECYCLING FOR RECYCLING SERVICES, BOTH OF THOSE CONTRACTS APPROVED BY CITY COUNCIL WOULD START ON OCTOBER 1 2024 AND I WAS STAYING FOR ANY QUESTIONS. HAVE A QUESTION ON THAT LAST ITEM. IS THAT A PUBLIC HEARING TONIGHT? IT'S NOT A PUBLIC HEARING, BUT THERE WILL BE A PUBLIC PRESENTATION THAT WILL GO OVER SOME OF THE RFP PRICING INFORMATION THAT WAS INCLUDED IN THERE AND EXPLANATION OF WHY THAT IS A RECOMMENDATION FROM STAFF. THANK YOU. YOU'RE WELCOME QUESTIONS. THANK YOU, SIR. CHAMBER OF COMMERCE. LISA. GOOD MORNING BOARD CHAIRMAN A COUPLE OF ITEMS . I JUST WANTED TO MAKE SURE YOU HAD ON YOUR CALENDAR AND, UH NOTE NEXT WEEK. AUGUST 22ND WE HAVE OUR BUSINESS DEVELOPMENT UPDATES WILL BE HEARING UPDATES FROM THE E D. C, THE C D. C AS WELL AS THE CITY MANAGER'S OFFICE ABOUT WHAT'S HAPPENING, UM AROUND TOWN AND WHAT'S UNDER CONSTRUCTION, AND IT'S GOING TO BE VERY INFORMATIVE. I KNOW MANY OF YOU WILL BE THERE AS YOU HELP US CO SPONSOR THAT EVENT, SO THANK YOU VERY MUCH FOR THAT. WE ALSO RECENTLY LAUNCHED A NEW WEBSITE. UM IT WAS CALLED MCKINNEY TODAY .COM. THE IDEA OF IT WE HAD A WEBSITE BEFORE WAS CALLED ME. KENNY ONLINE .COM IT WAS A WAY FOR US TO BE ABLE TO PROVIDE INFORMATION TO THE COMMUNITIES WAS MORE OF A COMMUNITY FACING WEBSITE AS OPPOSED TO OUR CHAMBER WEBSITE, WHICH IS MORE OF A B TWO B WEBSITE. UM WE'RE EXCITED THAT WE LAUNCHED IT. ALTHOUGH THERE WERE SOME GLITCHES, UM AS MOST, AH, HAVE YOU MIGHT HAVE EXPERIENCED IN THEIR OWN WORLDS AT TIMES, BUT WE ARE WORKING THROUGH THOSE SO THAT WE CAN GET THAT THAT CLEANED UP AND READY TO GO FOR OUR MCKINNEY. BEST OF VOTING. IT'S A VERY POPULAR EVENT AGAIN MORE FROM FOR SUPPORTING COMPANIES THAT ARE RETAIL SERVICE ORIENTED BUSINESSES, SO THAT HELPS THAT THAT POP THAT SEGMENT OF OUR MEMBERSHIP. UM ARE MCKINNEY INCLUSION COUNCIL HAS THREE MORE EVENTS COMING UP. ONE IS LATER THIS MONTH. IT IS AT COLLIN COLLEGE, AND IT'S A BUSINESS WORKSHOP, TALKING ABOUT BUILDING

[00:05:02]

A DIVERSE AND TALENTED PIPELINE . WE HAVE JOCELYN WILLIAMS WITH RAYTHEON WHO'S GOING TO BE PRESENTING AT THAT EVENT, SO WE ARE EXCITED ABOUT THAT. BUT WE'RE ALSO EXCITED WHEN IT JUST PUT IT OUT THERE THAT WE ARE IN THE PROCESS OF FINALIZING DETAILS OF A SUPPLIER DIVERSITY EVENT THAT WILL TAKE PLACE IN NOVEMBER AT INDEPENDENT FINANCIAL, SO THERE'LL BE MORE DETAILS TO COME. THIS IS GOING TO BE IMPORTANT FOR A LOT OF OUR COMPANIES THAT ARE TRYING TO DO BUSINESS WITH OTHER LARGE COMPANIES AS WELL AS GOVERNMENT ENTITIES. UM BOARD NOMINATIONS, SO IT'S THAT TIME OF YEAR FOR US AT THE MCKINNEY CHAMBER. UM SO WE ARE NOW SEEKING BOARD NOMINATIONS FOR CLASS OF FIVE NEW BOARD MEMBERS TO BE ROLLING ON IN JANUARY. SO IF YOU HAVE ANYONE WHO YOU THINK WOULD BE A GOOD FIT FOR OUR ORGANIZATION. PLEASE DO PASS THEIR NAMES ALONG AND LAST BUT NOT LEAST, PLEASE SAVE THE DATE. NOVEMBER WILL BE ROLLING AROUND INSTEAD OF THE CITY IS SLATED FOR NOVEMBER. 2ND ALWAYS ONE OF OUR ONE OF OUR FOUR OF OUR LARGEST EVENTS OF THE YEAR, AND I WANT TO MAKE SURE THAT YOU ARE ALL THERE FOR THAT PRESENTATION, AND WITH THAT, I'LL STAND FOR ANY QUESTIONS. QUESTIONS. COMMENTS. THANK YOU, SIR. THANK YOU.

COMMUNITY. THE GOVERNMENT CORPORATIONS, CINDY. GOOD MORNING, MR CHAIRMAN, MEMBERS OF THE BORN JUST A COUPLE OF UPDATES FROM CDC AT OUR MEETING LAST MONTH, THE BOARD RATIFIED FIVE STRATEGIC PRIORITIES FOR PROJECT FUNDING FOR THE COMING FISCAL YEAR. LOW INCOME HOUSING HISTORIC CULTURAL DISTRICT IN EAST SIDE DEVELOPMENT PARKS AND OPEN SPACE DEVELOPMENT AND PRESERVATION OF OPEN SPACE. COMMUNITY GATHERING FACILITIES AND MULTI USE MIXED USE DESTINATION, SO THOSE WERE APPROVED BY THE BOARD AT THE AUGUST MEETING. WE ALSO HAD THE BOARD CONDUCTED PUBLIC HEARINGS ON SEVEN PROJECT GRANT APPLICATIONS THAT TOTAL A LITTLE OVER A MILLION DOLLARS IN REQUESTS. 600,000 OF THAT IS FOR IS FROM TWO UH, APPLICANTS AND FOR AFFORDABLE HOUSING PROJECTS , AND THOSE WILL BE VOTED ON AT THE MEETING. UM, NEXT WEEK. AND THEN THE BOARD ALSO APPROVED 11 PROMOTIONAL AND COMMUNITY ABOUT GRANTS FOR A VARIETY OF ACTIVITIES AROUND MCKINNEY. TOTAL AMOUNT AWARDED FOR THE PROMOTION OF GRANTS WAS A LITTLE OVER 90,000. AND TWO MORE THINGS. WE ONLY RECEIVED ONE APPLICATION FOR RETAIL INFRASTRUCTURE GRANT FUNDING THIS TIME FOR DOWNTOWN, UM, BUSINESS. IT'S FOR THE COCKTAIL CREAMERY PERSON WORK. THEY NEED TO HAVE THE INFRASTRUCTURE WORK THEY NEED TO HAVE DONE IN ORDER TO GET READY TO OPEN. AND ON THE TUBS FRONT. WE'RE GETTING CLOSE TO, UM, COMPLETING THAT CHECKLIST FOR THE TCO. THE STATE ELEVATOR INSPECTION IS AT THE END OF THIS MONTH. SO ONCE THAT IS PASSED, ARE HOPEFUL THAT IN THE FIRST COUPLE OF WEEKS OF SEPTEMBER THEY'LL BE BREWING BEER OVER THERE, AND I'M HAPPY TO STAND FOR ANY QUESTIONS. THANK YOU. ALRIGHT VISIT MCKINNEY, ERIN. GOOD MORNING, MR CHAIR. MR VICE PRESIDENT. MEMBERS OF THE BOARD. EHREN WERNER, EXECUTIVE DIRECTOR VISIT MCKINNEY, A COUPLE OF QUICK UPDATES TODAY. ONE OF THEM IS PRETTY EXCITING. WE'VE BEEN WORKING FOR MONTHS ON GETTING OUR VISIT MCKINNEY VISITOR CENTER, REHABBED AND KIND OF REFURBISHED A LITTLE BIT AND WE ARE FINALLY READY FOR A RE GRAND OPENING. AND SO THAT IS GOING TO BE TAKING PLACE ON SEPTEMBER, 7TH WILL HAVE A RIBBON CUTTING WITH THE CHAMBER AT 4 30 ON THE DOT AND THEN WE'LL BE OPEN UNTIL ABOUT SIX. IT'S FOR COME AND GO , SO I HOPE YOU CAN SWING BY AND CHECK OUT THE NEW VISITORS CENTER. CHECK OUT SOME OF THE NEW MERCHANDISE THAT WILL BE SELLING IN THERE. UM AND HOPEFULLY YOU GET AN IDEA OF WHERE WHAT OUR VISION IS FOR THE FUTURE WITH THAT SPACE AND REALLY BRINGING THE COMMUNITY IN THE SECOND THING IS NEXT WEEK, MYSELF AND OURSELVES. MANAGER MARIE WOODARD WILL BE HEADING TO MINNEAPOLIS FOR CONNECT MARKETPLACE AS ONE OF THE BIGGER TRADE SHOWS OF THE YEAR, AND WE ARE SPECIFICALLY CHOOSING THE SPORTS TRACK FOR THIS SHOW, SO WE'LL BE DOING ONE ON ONE MEETINGS WITH ABOUT 30 OR SO SPORTS PLANNERS JUST SHOWCASING OUR CURRENT SPORTS FACILITIES, BUT ALSO THE ONES THAT ARE IN THE WORKS THROUGH OUR PARKS DEPARTMENT LIKE THE SOCCER FACILITY AND THINGS LIKE THAT, AND SO HOPEFULLY WE'LL GO DRUM UP. AND GOOD FUTURE BUSINESS AND BRING BACK SOME TOURNAMENTS AND THINGS LIKE THAT AND THE NEXT FEW YEARS, BUT WE'LL GO CHECK OUT THAT AND LET YOU KNOW HOW IT GOES. THANK YOU. COMMITTEE UPDATES. MARKETING YES. SO MARKETING COMMITTEE MET LAST WEEK. IN ADDITION TO TALKING ABOUT SOME OF THE UPCOMING MARKETING EVENTS, WE SPENT A LITTLE BIT OF TIME ALSO TALKING ABOUT COMMUNITY OUTREACH AND HOW WE CAN DO SOME EDUCATION SO MORE TO FOLLOW, BUT I HOPE EVERYBODY'S LISTENED TO THE

[00:10:03]

LATEST MCKINNEY MOMENTUM. ANOTHER GREAT INSTALLMENT. BY LUKE AND MADISON. SO IF YOU HAVEN'T HEARD IT, DO CHECK IT OUT. RIGHT? LET'S SEE REAL ESTATE. YES SIR. REAL ESTATE COMMITTEE MET LAST WEEK. WE GOT SOME MOVEMENT IN SEVERAL OF THE PROJECTS THAT WE WERE WORKING ON AS A AS A GROUP AND YOU'LL HEAR MORE IN OUR EXECUTIVE SESSION ON THAT. INNOVATION. THAT'S RIGHT MEETING THIS WEEK. WE'RE MAKING THURSDAY MORNING. VIRTUAL FIRST AND GOVERNANCE COMMITTEE IS MEETING THIS FRIDAY. NEXT FRIDAY, RIGHT? GOVERNANCE COMMITTEE IS MEETING NEXT FRIDAY . 25TH MARK THAT. AND I THINK THAT'S IT FOR ME, PLEASE. AH AND THEN WE HAVE BOARD CHAIRMAN COMMENTS. I DON'T REALLY HAVE ANY COMMENTS IN ORDER TO SAVE TIME FOR THIS MEETING, SO WE'LL

[Consider/Discuss MEDC Monthly Reports]

JUST MOVE RIGHT ALONG TO 23 0649 MONTHLY REPORTS. REPORT JUST ONE CORRECTION. ORGANIC LEADS WAS LEFT OFF THE REPORT. THAT'S THAT NUMBER FOUR THERE. JUST ONE CORRECTION THERE AND WE CAN JUMP TO THE KPI. OKAY? ALL RIGHT AHEAD.

CURRENT $45 MILLION IN CAPEX, WITH THE CONTRACT SPENDING AT 49 ACTIVE PROJECT PIPELINE AT 31.

ABOVE TRADE SHOW TARGETED, BUT THAT DOESN'T MEAN WE'RE SLOWING DOWN. THERE WERE WELL IN IN LINE TO HIT THE TARGET OF 60 FOR B. R E M TOURS WERE AT TWO. WE'VE GOT ANOTHER ONE COMING IN THIS WEEK TO DO ANOTHER ONE. WE'VE GOT COMMUNITY FORUM ONE BEING THE H O A EVENT HERE IN A COUPLE OF WEEKS, AND THEN WE'LL BE INVOLVED WITH ANOTHER ONE HERE IN THE FALL. INNOVATION FUND IS REALLY PICKED UP. I KNOW I MENTIONED IN JUNE WE WENT TO TWO COLLISION, BUT THAT'S PART OF THAT REASON IS THAT WE'VE FINALLY BACK TO FULL STAFF WHEN IT COMES TO PROJECTS SEEM SO JUST, UM APPRECIATE CAROLINE AND MIKE AND THE TEAM. MIKE'S REALLY HUSTLED TO GET TO A LOT OF EVENTS DOWN IN DALLAS AND ACROSS THE METROPLEX TO REALLY PUSH WHAT MCKINNEY IS DOING WITH INNOVATION. SO YOU'LL HAVE CLOSED INNOVATION FUND PROJECTS . THERE'S ONLY ONE YEAR TODAY, BUT TWO OF THOSE JUST CLOSED IN THE LAST TWO WEEKS AS FAR AS THOSE AGREEMENTS BEING EXECUTED.

AND THEN I'LL PASS ON TO MARKETING REPORT FOR LOOSE. MORNING MR CHAIRMAN, MR VICE PRESIDENT, MEMBERS OF THE BOARD . LUKA JARRED MARKETING MANAGER WANTS TO JUST HIGHLIGHT A FEW NUMBERS. IF YOU DON'T MIND. CAN WE GO TO THE DASHBOARD? THIS KIND OF A SUMMARY OF THE MARKETING REPORT? ALL THIS DATA IS AVAILABLE TO YOU IN YOUR REPORT. YOU CAN SEE OUR SOCIAL MEDIA NUMBERS ARE KIND OF ON PAR WITH OTHER INDUSTRY PEERS AND THEN WE ALSO HAVE CONTINUED GROWTH. AS JULIE MENTIONED, OUR PODCAST IS CONTINUING TO SLOWLY PICK UP STEAM AND BECOME A RESOURCE TO THE COMMUNITY TO PROVIDE ADDITIONAL EDUCATION, ADDITIONALLY, WILL BE PROVIDING SOME STRONGER CAMPAIGNS TO EDUCATE AND BRING AWARENESS TO COMMUNITY MEMBERS OF WHAT THE DOES HOW WE OPERATE, HOW WE'RE FUNDED BASIC, CDC 101 EDUCATIONAL CAMPAIGNS FOR OUR COMMUNITY MEMBERS. AND THEN YOU CAN SEE OUR WEBSITE TRAFFIC THERE. AND OF COURSE, OUR NEWLY FAIRLY NEW YOUTUBE CHANNEL HAS HAS BEGUN TO PICK UP STEAM AS WELL. SO I'LL HAPPILY STAND FOR ANY QUESTIONS. QUESTIONS FOR LUKE. THANK YOU. ALL RIGHT. NEXT WE HAVE OUR REGULAR AGENDA ITEM.

23 650. SOON, FINANCIALS. GOOD MORNING CHANCE. MILLER ACCOUNTING MANAGER WILL BE GOING OVER THE MONTH OF JUNE WAS A FAIRLY QUIET MONTH. START WITH THE INCOME STATEMENT. OKAY? ABOUT 1.75 MILLION AND REVENUE. THE MAJORITY OF THAT CAME FROM SALES TAX REVENUE, WHICH TOTALED ALMOST 1.7 MILLION. MOVING DOWN TO EXPENDITURES. WE HAD 430,000 AND OPERATIONAL EXPENSES. THIS A LITTLE BIT MORE THAN USUAL. THIS IS BYRON NELSON COMING OUT THIS MONTH AND STUFF LIKE THAT, SO YOU CAN SEE THAT IN THE SERVICES AND INJURY THAT 345,000 IN REGARDS OF PROJECTS. WE SPENT ALMOST $800,000 ON COMMITTED PROJECTS THAN THE NON DEPARTMENTAL IS Y'ALL'S MONTHLY TRANSFER TO AHRENS FUND MAKE CALLS THAT SERVICE PAYMENTS AND STUFF LIKE THAT, SO TOTAL EXPENSES WAS 1.46 MILLION. UM WHICH RESULTED IN A NET INCREASE OF ALMOST 300,000 FOR THE MONTH OF JUNE. WE'LL MOVE ON TO SELLS TAX. ALRIGHT SALES TAX FOR THE MONTH OF JUNE APPLIES TO CELLS IN APRIL. YOU CAN SEE MCKINNEY HAD A 2.2% DECREASE. WE DID HAVE PRIOR PRIOR PERIOD COLLECTIONS AND COLLECTIONS LAST YEAR, SO OUR TRUE INCREASES RIGHT AT BREAKING EVEN MORE SISTER CITIES

[00:15:02]

. ALLEN HAD 5.2% INCREASE. FRISCO SOL 6.2% DECREASE. PLANO SAW 1.4% DECREASE. SO IT FEELS LIKE ALAN STARTING TO CATCH UP. AFTER A COUPLE OF YEARS OF TRAINING FAR BEHIND THE OTHER SISTER CITIES. NOW, WHY EXACTLY? WE SAW A DECREASE THIS MONTH. THERE'S NOTHING GOOD THAT I CAN SEE IN THE INFORMATION THAT WAS PROVIDED LOOKING AT BUSINESSES AND LOOKED LIKE IT WAS ACROSS ALL OF OUR BIG SALES, TAX PAYERS AND THE CITY. NOTHING THERE'S A COUPLE THAT HAD A LITTLE BIT MORE OF A DECREASE. BUT THIS THIS NEXT MONTH THEY PICK BACK UP. SO LOOK LIKE IT WAS JUST A ONE MONTH THING. UM AND I'LL MOVE ON TO THE SOUTH SEXPOT INDUSTRY REAL FAST SO YOU CAN SEE THAT RETAIL TRADE SO 9% DECREASE. WE HAD BEEN TRAINING AROUND. FATHER 6% EVERY MONTH FOR THE PAST FIVE MONTHS AT THIS POINT, SO THIS IS THE FIRST DECREASE LIKE THIS. UM THE OTHER ONES ALWAYS FLUCTUATES. I WASN'T TOO CONCERNED ABOUT ANY OF THE OTHER INDUSTRIES. BUT UM, RETAIL TRADE DID POP BACK UP IN JULY TO THE NORMAL 5 TO 6% SO CONSIDERING EVERYTHING THAT WE'VE SEEN ALL THE INFORMATION WE'VE LOOKED AT THIS LOOKS LIKE AN OUTLIER, BUT WE'RE CONTINUING TO MONITORING JULY AND AUGUST CAME BACK THAT BOTH LOOKED BACK TO NORMAL NUMBERS AROUND THE FIVE OR 6. SO WE'RE CONSIDERING THIS NOW ARE UM AND WE'RE STILL TRAINING TO BE THE BUDGET AND NUMBER OF 5% OF THIS TIME AND I'LL BE HAPPY TO ANSWER ANY QUESTIONS. QUESTIONS. ENTERTAIN A MOTION. TO APPROVE THE MOTION TO APPROVE. I'LL SECOND. WE HAVE A MOTION. WE HAVE A SECOND. WITH THE OPPORTUNITY ABOUT CAST YOUR VOTES. THE MOTION PASSES. ALL RIGHT. NEXT. WE HAVE PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA. ANYBODY WISH TO ADDRESS THE BOARD? THE BOARD

[BOARD COMMENTS]

COMMENTS. I WOULD LIKE TO MAKE ONE COMMENT I SHOULD HAVE MADE EARLIER. I WAS JUST THINKING ABOUT THERE WAS A REALLY GOOD ARTICLE IN THE PAPER. ABOUT THE 87 CITY. SEE THIS? PAST WEEK. UM BUT I AM GLAD THAT THE MARKETING COMMUNITIES COMMITTEES TALKING ABOUT COMMUNITY OUTREACH, BECAUSE ONE THING THAT STOOD OUT IN THAT ARTICLE WAS THE FACT THAT THERE IS A LACK OF KNOWLEDGE IS TOO HELP PROJECTS COME ABOUT HOW WE PROVE THEM. YOU KNOW, JUST THE WHOLE PROCESS AND WHAT WE DO WHAT WE DO YOU HAVE. THE FOCUS WAS QUITE A BIT ON CITY HALL AND TOPS, AND OBVIOUSLY WE HAVE A LOT OF OTHER PROJECTS THAT WE'VE PARTICIPATION WITH COMPANIES LIKE RAYTHEON AND ENCORE WIRE AND WHATNOT. SO I'M GLAD YOU ALL ARE. WORKING ON THAT. NEXT WE'LL

[EXECUTIVE SESSION]

GO INTO EXECUTIVE SESSION. IN ACCORDANCE WITH TEXAS GOVERNMENT CODE SECTION 551071 SUB PARAGRAPH TWO CONSULTATION WITH GENERAL COUNCIL ON ANY WORK SESSION, SPECIAL REGULAR SESSION AGENDA AND RECORDING CONFIDENTIAL ATTORNEY CLIENT ADVICE. DELIBERATION DISCUSSION ITEMS AS NEEDED 551087 DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT MATTERS. JW MARRIOTT PROJECT ERGEN. PROJECT BLUE SKY PROJECT SHARP, ACTIVE SECURITY CONSULTING. SECTION 5510 SYMBOL FOR PERSONAL MATTERS IN BDC PRESIDENT MIDYEAR REVIEW WE ARE IN EXECUTIVE SESSION. AT 8 19 ACCORDING TO THE CLOCK IN HERE, WHICH IS ACTUALLY 8 17. OR IS THAT A 21? 17 8? THERE WE GO. SO WE WILL ADJOURN TO EXECUTIVE SESSION AND COME BACK. RIGHT IT IS 9 34 AM WE'RE OUT OF

[ACTION ON EXECUTIVE SESSION]

EXECUTIVE SESSION. THIS TIME, I WILL ENTERTAIN A MOTION ON THE JW MARRIOTT. YES SIR. I WOULD LIKE TO MAKE A MOTION THAT WE AMEND THE EXISTING TERM SHEET PER OUR DISCUSSION AND EXECUTIVE SESSION SESSION. THERE WAS SECOND I WAS THINKING. AND WE HAVE A MOTION AND WE HAVE A SECOND UM MOHAMMED. ROOTS. MOTION PASSES. AND MOTION TO ADJOURN. MOVED TO THE MOTION TO ADJOURN BECAUSE I HIT THE BUTTON SECOND EMOTION AND

* This transcript was compiled from uncorrected Closed Captioning.