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

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

UPDATES MR GRIMES CITY MCKINNEY. THE MORNING, MR CHAIRMAN, MR PRESIDENT, MEMBERS OF. WELL I JUST COME TO YOU ONE TONIGHT WORK SESSION. PROJECTS THAT YEAR. WHEN YOU WATCH THE.

AFTERWARD BUT THAT'S USUALLY FAIRLY HELPFUL, I THINK FOR THE MEMBERS OF THE CITY COUNCIL IN THE PUBLIC STAY UPDATED ON THAT. AT THE REGULAR MEETING TONIGHT WE WILL START OFF WITH A PRESENTATION BY NONE OTHER THAN DR JOHN PRUDISH. HE IS THE SERVING AS THE CHAIRPERSON OF THE BOND COMMITTEE THAT MET THIS FALL. I MET FOUR TIMES TO LISTEN TO VARIOUS PROJECTS THAT ARE CURRENTLY UNFUNDED AND THE BOND COMMITTEE THEN MET AND THEN WE'LL SORT OF SYNTHESIZE THEIR INPUT TO THE FINANCE COMMITTEE, WHICH MR PREDICT, WAS THE CHAIRPERSON OF AND MADE THE REQUEST, AND TONIGHT HE WILL BE PRESENTING THE RECOMMENDATION. THE ADVISORY OPINION OF THE BAND COMMITTEE ON THE NUMBER OF QUESTIONS AND THE AMOUNT OF MONEY FOR THE BOND PACKAGE FOR CONSIDERATION FOR THE MAY OF 2024 ELECTION. THERE WILL BE FIVE QUESTIONS THERE WILL BE LISTED. THERE WILL BE RECOMMENDED, I SHOULD SAY, AND $485.5 MILLION IN ACROSS THOSE DIFFERENT FIVE QUESTIONS, AND THAT WILL BE EXPLAINED IN MORE DETAIL THIS EVENING. IT WAS A VERY INCLUSIVE PROCESS. SO WE HAD LOTS OF FOLKS 36 MEMBERS OF THE BOND COMMITTEE. UM WITH VARYING VIEWS, DISPARATE VIEWS OF THE WORLD AND THE COMMUNITY, SO WE VERY MUCH APPRECIATE THEIR INPUT. CITY COUNCIL DOES NOT HAVE TO ACCEPT THE RECOMMENDATION. THEY USUALLY DO.

BUT IT IS A DISTANT ADVISORY OPINION. THE COUNCIL WILL HAVE TO VOTE BY THE FIRST MEETING. I BELIEVE IT IS IN FEBRUARY ON WHETHER OR NOT TO CALL THE ELECTION FOR MAY OF 24. WE ALSO HAVE ON THE AGENDA TONIGHT, SOMETHING THAT MIGHT BE NEAR AND DEAR TO THE IMMEDIACY SINCE IT'S YOUR LAND, WE HAVE A REZONING MATTER FOR THE E. D. C. LAND AT THE CORNER OF MCKILLOP AND HIGHWAY FIVE. THAT WILL BE ON TONIGHT'S AGENDA AND THEN WE ARE ALSO GOING TO BE MOVING FORWARD.

WE HAVE AN AGENDA ITEM TO MOVE FORWARD WITH HANGER 10 AND THE CUSTOMS FACILITY. IT BECAME NATIONAL AIRPORT THAT'S ON THE GENERAL AVIATION SIDE. WE AS YOU KNOW, HAVE CORP CORP NINE. WE CALL IT CORPORATE 10 IS THE NEW ONE AND THE RECOMMENDATION IS TO MOVE FORWARD WITH GRIFFITHS WINTERTON ON THE CONTRACT TO BUILD THE FACILITIES. THE COURT. TED HANGAR WILL BE IN REVENUE PRODUCING FACILITY THE CUSTOMERS FACILITY. UNFORTUNATELY NOT, BUT IT IS WHAT IT IS. WE NEED TO GET A NEW CUSTOMERS FACILITY. WE HAVE LOTS OF WE DO STILL HAVE INTERNATIONAL FLIGHTS, AND THOSE FOLKS NEED TO GO THROUGH CUSTOMS PROCESS SO AND WITH THAT I WILL STAND FOR ANY QUESTIONS. BUT BEFORE THAT, I WANT TO WISH YOU ALL A MERRY CHRISTMAS AND HAPPY NEW YEAR. ANY QUESTIONS, QUESTIONS? MERRY CHRISTMAS. THANK YOU. THANK YOU. RIGHT I DON'T SEE ANYBODY FROM THE CHAMBERS. SO C D. C. GOOD MORNING, MR CHAIRMAN. MEMBERS OF THE BOARDS AND THE SCHNABEL FROM THE COMMUNITY DEVELOPMENT CORPORATION. JUST A QUICK UPDATE . UM, THERE'S A REPORT ATTACHED TO YOUR AGENDA AND JUST WANTED TO HIGHLIGHT A COUPLE OF THINGS. WE JUST CLOSED OUR FIRST PROMOTIONAL GRANT APPLICATION CYCLE RECEIVED 13 APPLICATIONS. TWO OF THOSE ARE NEW, SO LOOKING FORWARD TO HEARING MORE ABOUT THOSE ONE FOR AN ASIAN FESTIVAL AND DOWNTOWN AND THEN AN R AND B FESTIVAL IN FINCH PARK, SO THOSE WILL BE PRESENTED TO THE BOARD THIS THURSDAY. WE'RE ACCEPTING PROJECT GRANT APPLICATIONS THROUGH, UM, THE END OF THIS MONTH. AND THOSE WILL BE PRESENTED TO THE BOARD AND JANUARY. ALSO IN JANUARY, WE OPEN OUR FIRST CYCLE OF RETAIL ABOUT RETAIL DEVELOPMENT, INFRASTRUCTURE GRANTS, AND JUST AS REMINDER THOSE ARE IT'S A MATCHING GRANT PROGRAM. THEY ARE FOR EXTERIOR INFRASTRUCTURE FOR LEGACY RETAIL, WHICH REALLY IS TARGETED TO THE HISTORIC CULTURAL DISTRICT, AND THEN AREAS THAT WOULD BE GOOD TARGETS FOR REDEVELOPMENT. SO IF YOU THINK OF VIRGINIA IN 75 THOSE KINDS OF LOCATIONS SO THAT

[00:15:02]

STARTS IN JANUARY TAPS RECEIVED A TCO FOR THE BREWERY AND HAVE STARTED, UM, GOING THROUGH THE PROCESS. THEY'RE THEY'RE GETTING THEIR CANNING LINE COMMISSIONED THIS WEEK, BUT THEY'VE STARTED THE GROUP PROCESS AND WE'RE AT THIS POINT. WE ARE LOOKING AT JANUARY FOR COMPLETION. SO EVERYBODY'S LOOKING FORWARD TO GRAND CELEBRATION WHEN THAT WHEN THAT PROJECT IS COMPLETE, AND I'M HAPPY TO STAND FOR ANY QUESTIONS ABOUT DRY JANUARY. DON'T WAIT UP. OKAY CURIOUS, SKIPPING THAT THIS YEAR, THEY'RE ACTUALLY THEIR FIRST BIG EVENT THEY'RE PLANNING IS MARCH FOR SAINT PATRICK'S DAY, SO THAT WOULD BE GOOD THEN. OTHER QUESTIONS. BESIDES. VERY IMPORTANT, DRY JANUARY QUESTION. YOU'LL HAVE A WONDERFUL HOLIDAY. MERRY CHRISTMAS CHRISTMAS CHRISTMAS. MHM. I WOULDN'T HAVE A MILLION OF THEM ARE BOYCOTTING ERIN WARNER. VISIT MCKINNEY GOOD MORNING IMMEDIACY BOARD. AND WE JUST ADDED MCKINNEY MADE THERE SAW IT ON ESPN. STEVE WAS ROCKING WITH 12,552 FANS OVER THE WEEKEND FOR THE D TWO FOOTBALL CHAMPIONSHIP. LITTLE INFORMATION ON THAT THAT IS THE LARGEST NATIONAL CHAMPION D TWO NATIONAL CHAMPIONSHIPS SINCE 2015 AND IT'S ONLY THE SECOND TIME SINCE 1996 THAT THEY'VE HAD MORE THAN 10,000 FANS IN ATTENDANCE FOR D TWO FOOTBALL CHAMPIONSHIP. SO ALL THE STARS ALIGNED PERFECTLY. WE GOT HARDING UNIVERSITY OUT OF COLORADO AND COLORADO SCHOOL, THEN I MEAN AT ARKANSAS AND COLORADO SCHOOL OF MINES OUT OF COLORADO AND BOTH IN GOOD PROXIMITY TO COME TO MCKINNEY AND THEY SHOWED UP BIG TIME. CONGRATULATIONS TO COUNCILMAN BELLA'S ON THE MATER WHERE HE PLAYED FOOTBALL. HARDING CAME OUT WITH A VERY STRONG VICTORY EARLY ON. YEAH. IT WAS. IT WAS A LOT OF FUN. HE HAD SOME OF HIS TEAMMATES THERE AND IT WAS. IT WAS A NICE PARTY IN MCKINNEY. WE PACKED OUT EVERY SQUARE INCH OF THE OLD TUBS FACILITY FOR FAN FEST. THERE WAS NOT A NOT A PLACE TO MOVE THROUGH THERE, AND SO I KNOW THEY HAD A GOOD NIGHT THERE ON FRIDAY, UM, AND AGAIN THAT THOSE NUMBERS ARE JUST THE FANS THAT DOESN'T INCLUDE THE TEAMS AND EVERYBODY DOWN ON THE FIELD, WHICH IS STILL SELL SEVERAL 100 MORE PEOPLE SO OVERALL FANTASTIC EVENT FROM MCKINNEY, WE HAVE ONE MORE YEAR. WE'RE UNDER CONTRACT FOR THE D TWO GAME NEXT YEAR WILL BE THE LAST ONE. BUT WE ARE PARTNERING WITH MSD TO REBID ON THAT FOR THE 2026, 27 AND 28 AND NINE SO WE'LL CONTINUE PURSUING THAT IN C A LOVES MCKINNEY. WE SAT IN THE BOOTH WITH THE WITH THE COMMITTEE AND THEY HAD FANTASTIC THINGS. COUNCILMAN PHILLIPS AND I WALKED AROUND AND ASKED EVERYBODY. IF THERE'S ANYTHING WE CAN DO BETTER. AND NO ONE COULD GIVE US ANYTHING TO DO BETTER. AND SO WE WERE BEGGING HIM TO TELL US JUST ONE THING. UM AND SO ANOTHER. THANK YOU, MR HAMBLETON. MY LAST MINUTE RESERVATION REQUEST FOR THE COMMITTEE. THEY ATE THERE LAST YEAR, AND THEY TEXT ME THE VERY LAST SECOND. CAN WE GO BACK TO LOCAL YOKELS SAID LET ME SEE. UM SO THANK YOU TO EVERYBODY. WE'RE ALSO STARTING OFF PHYSICAL YEAR STRONG WITH INCOMING LEADS AND JUST PASSING ON A LITTLE INFORMATION. IT'S BEEN WILD, BUT MOST OF THEM ARE FALLING IN THE SPORTS TOURISM INDUSTRY SIDE OF THINGS RIGHT NOW, JUST IN THE PAST TWO WEEKS, WE'VE WE'RE STARTED WORKING OVER FIVE DIFFERENT EVENTS, ALL DIFFERENT SPORTS AND ALL DIFFERENT SIZES FROM SEVERAL 100 ROOMS TO SEVERAL 1000 ROOMS FOR THOSE EVENTS, SO JUST KIND OF WHERE THINGS ARE HEADING AND WHAT MCKINNEY STANDING OUT FOR, BUT I THINK THINGS LIKE BYRON AND N C, A, A AND OTHER THINGS THAT WE DO SO WELL ARE DRAWING ATTENTION TO THAT. SO THAT'S ALL I HAVE. I'LL STAND FOR ANY QUESTIONS. THANKS, GUYS APPRECIATE IT. WORKING. MEMBERS KIND OF UP TO SPEED ON THE CADENCE OF OUR MEETINGS. I THINK ONE NOTE IS THE WEBSITE HAS BEEN UPDATED SO I WOULD URGE THE BOARD SHOULD TAKE A LOOK AND GIVE US ANY PEOPLE. THAT THAT'S IT. FINANCE. WE'RE MEETING THE DAY AFTER CHRISTMAS. WOW IMPRESSIVE BOX DAY BOX THERE. YEAH. BOXING AT ALL REAL ESTATE JUST MET RIGHT STATEMENT LAST WEEK AND HAD A LONG MEETING OF FULL AGENDA WE'VE GOT SEVERAL THINGS FOR YOU GUYS AND THE EXECUTIVE SESSION AND EXCITING THINGS. SO IT WAS GREAT MEETING WITH A LOT OF LOT OF NEW WAYS OF DOING SOMETHING, SO WE'RE EXCITED. INNOVATION. VISION

[00:20:03]

VISION. NOT YET, OKAY? AND THEN GOVERNANCE HAS NOT MET EITHER. WE'RE STILL WAITING TO GIVE YOU A LITTLE LITTLE LEAD TIME THAT WE'LL MEET NEXT WEEK. JUST KIDDING. YEAH YEAH, YEAH, EXACTLY THE NEW YEAR. THAT'S RIGHT. THAT'S RIGHT. WHAT HAVE YOU DONE FOR US LATELY? ALRIGHT BOARD COMMENT. CHIPBOARD CHAIRMAN. I DON'T HAVE A WHOLE LOT TO SAY OTHER THAN YOU KNOW.

AND I SAID THE SAME THING LAST YEAR. YOU KNOW, I'M ALWAYS, UM I THINK THE THING THAT REALLY STANDS OUT TO ME. IS WHEN PEOPLE COME IN TOWN TO VISIT, YOU KNOW, RELATIVES AND WHATNOT. THAT COME TO MCKINNEY, AND THEY'RE JUST ALWAYS SO IMPRESSED WITH DOWNTOWN AREA IN THE CITY AS A WHOLE. IT JUST GOES BEYOND THAT, BECAUSE OBVIOUSLY I MAKE THEM SEE EVERYTHING. EVEN THE FOOTBALL STADIUM, BUT BECAUSE. THEY'RE NOT USED TO HIGH SCHOOL FOOTBALL STADIUMS LIKE THAT, BUT BUT JUST THE DOWNTOWN DECLARATIONS, THE EVENTS THAT WE'VE HAD GREAT. CONGRATULATIONS FROM THEIR FULLER ON AGAIN, JUST PULLING OFF A GREAT CHRISTMAS FOR DOWNTOWN MCKINNEY. AND THAT'S REALLY ALL I HAVE. SO THANK YOU ALL VERY MUCH FOR THINGS THAT YOU DO FOR ALL OF

[Consider/Discuss MEDC Monthly Reports]

OUR VISITORS THAT COME IN FAMILY MEMBERS. NEXT WE HAVE MONTHLY REPORTS. MR CHAIRMAN.

EDISON HAD A CHANCE TO GO TO BARCELONA TO THE SMART CITIES WORLD EXPO AND PART OF OUR PROGRAM GOING FORWARD WILL BE STAFF REPORTING OUT OF WHAT WE LEARNED AT THOSE EXPOSURES.

VALUE BRINGING CITY MCKINNEY RIGHT. GOOD MORNING. THANK YOU, LORD. CHAIR. ACTIVE PROJECT PIPELINE IS 30 FOR NOVEMBER. WE'RE GONNA HAVE A LITTLE BIT MORE DETAIL. WE'RE WORKING WITH LUKE ON THIS FOR SOME MORE DETAIL ON LEADS AS WELL. BUT YOU'RE GOING TO SEE SOME CHANGES IN THE OVERALL PIPELINE VALUE. THAT'S NOT NECESSARILY A BAD THING. IT'S JUST GONNA BE SOME PROJECTS COMING OFFLINE, OTHERS COMING ONLINE AS WE MAKE SOME DECISIONS ON SOME OF THE PROPERTIES THAT THE CDC OWNS. WE'LL PROBABLY SEE A PICKUP AS WELL. WE'VE ALREADY SEEN A PICKUP FROM THE PLUG AND PLAY ANNOUNCEMENT ON DECEMBER 7TH. SO WE'VE ALREADY HAD COMPANIES AND INVESTORS REACHING OUT. THAT'S THE GOAL THANKS TO OUR PARTNERS HERE IN THE ROOM WITH PLUG AND PLAY. AND THEN MR KOWSKI DID MENTION TRADE SHOWS MISSIONS AND UPDATES ON THOSE WERE WORKING ON INTERNALLY TRIP REPORTING WORKING ON THIS WITH THE PROJECT'S TEAM, SO BAKER BASIC REPORT. WITH AN OVERVIEW AND HIGH LEVEL OF DETAILS OF PARTICIPATION, BUT ALSO AN INTERNAL REPORT SO MORE DETAILED FOR US WITH MORE INFORMATION ON STRATEGY IN THE CONTEXT WE'VE MADE BARCELONA SMART CITIES, THOUGH, SO THIS WAS IN NOVEMBER. WE HAVE THE PRIVILEGE OF TEAMING UP WITH NORTH TEXAS INNOVATION ALLIANCE, WHICH IS JENNIFER SANDERS AND ACTUALLY PARTNERED ON A BOOTH WITH THE CITY OF FRISCO AND FRISCO. EDDIE C. SO JUST TO GIVE YOU A BACKGROUND OF WHAT SMART CITIES IS ABOUT 23,000 ATTENDEES 140 PLUS COUNTRIES, 800 PLUS CITIES THAT REPRESENTED THERE. SO WE WERE IN THE BOOTH, THE USA PAVILION, SO MCKINNEY, FRISCO DALLAS FORT WORTH, AND ACTUALLY, WE HAD A PRETTY STRONG PRESENCE CONSIDERING UH, HOW IT'S FALLEN OFF SINCE COVID. BUT SLOWLY GROWING BACK TOWARDS THOSE LEVELS, COMPLIMENTS FROM COMPANIES AND COUNTRIES ON OUR PRESENCE THIS YEAR. WE ALSO HAD A CHANCE TO SPEAK ON A PANEL WITH THE NORTH TEXAS INNOVATION. AND THEN ALSO DID SOME GUEST BARTENDING AS WELL, JUST LIKE YOU SAY, HEY, THAT'S ACTUALLY ONE OF THE BEST WAYS TO MEET PEOPLE. IF YOU THINK ABOUT IT, EVERYONE'S GOING TO THE BAR. UM STRATEGY, FBI. WITHOUT GETTING TOO DEEP IN THE STRATEGY, THERE IS AN OPPORTUNITY FROM A FOREIGN DIRECT INVESTMENT PERSPECTIVE AND BRINGING SOME OF THESE COMPANIES THE U. S AND PARTNERING WITH ORGANIZATIONS TO HELP DEVELOP THAT PIPELINE. WE ALSO BELIEVE THERE'S AN OPPORTUNITY FOR MORE OF OUR CITY DEPARTMENT HAS TO ITS END. WE SAW A LOT OF, UM A LOT OF STARTUPS AND THEIR PARTNERS THAT COULD PARTNER WITH US ON PILOT PROGRAMS. AND I DID WANT TO TOUCH ON THAT. BRIEFLY THAT OUR DIRECTOR OF LIBRARIES SPENCER SMITH, HERE IN MCKINNEY IS WORKING ON A PROGRAM TO WORK TOWARDS MAKING THAT ENTRY INTO PARTNERSHIP EVEN EASIER TO DEVELOP. THAT WILL BE A BIG PLAY IN FUTURE PARTNERSHIPS. AND THEN THERE'S SEVERAL FOLLOW UPS FOR POTENTIAL PARTNERSHIPS AND RELOCATION EXPANSION OPPORTUNITIES WITH COMPANIES AND THEN WE'RE GOING TO LOOK AT 2024 PARTICIPATION, SO I THINK THERE'S AN OPPORTUNITY THERE IN THE 2024 TO GET ALONG WITH OTHER EVENTS TO REVIEW THE BEST LEVEL OF SPONSORSHIP FOR THE COMING YEAR. AND THEN POTENTIALLY DO A BIGGER SPONSORSHIP WITH CITY DEPARTMENT HEADS THAT THAT COME WITH US IN THE TENT SO HAPPY TO STAND FOR ANY QUESTIONS.

QUESTIONS. AT THAT, UM. AT THAT CONFERENCE. THEY WERE ACTUALLY WE DID HAVE WE WERE ABLE TO HAVE DINNER WITH WITH CENA. SIDES, SON, THE OWNER OF PLUG AND PLAY, HE'S ACTUALLY OVER EUROPE. HE LIVES IN BARCELONA. HE SPOKE ON A PANEL SO WE GOT TO MEET WITH HIM AND MADISON AND I GOT TO

[00:25:03]

HAVE DINNER WITH HIM ONE NIGHT AND TALK A LITTLE BIT. WHAT'S COMING OUT OF EUROPE? SO I THINK IF WE CAN COLLABORATE WITH THEM IN 24 IN A DEEP WAY, THAT WOULD BE REALLY HOPEFUL, AGREED.

GREAT. THANK YOU. WE'LL MOVE ON TO OUR MARKETING REPORT. MORNING MR PRESIDENT, MR. CHAIRMAN MEMBERS OF THE BOARD WHEN I WAS LUCA JARI I'M THE MARKETING OF SOCIAL MEDIA MANAGER HERE FOR THE DC IT'S AN HONOR TO SERVE ALONGSIDE YOU AND PUSH THIS ORGANIZATION FORWARD. ONE OF THE HIGHLIGHT A FEW THINGS. THERE'S A REPORT ATTACHED TO YOUR AGENDA THAT GOES INTO DETAIL WITH ANALYTICS NUMBERS. STATS. ALL THAT FUN STUFF, BUT QUICK LITTLE THING IS JULIE MENTIONED. WE'VE KIND OF QUIETLY UPDATED OUR WEBSITE ON THE LAST TIME OUR WEBSITE WAS UPDATED WAS 2019, WHICH IS AN ETERNITY FOR YEARS WHEN IT COMES TO WEBSITE DEVELOPMENT, LIKE ONE OF MY FAVORITE MOVIES, INTERSTELLAR, THEY'RE STUCK ON THE WATER PLANET AND OUR HERE IS SEVEN YEARS ON EARTH. THAT'S KIND OF HOW WEBSITE TIME WORKS, RIGHT. SO I THOUGHT IT WAS TIME FOR AN UPDATE. SO WHILE OUR TEAM WAS IN BARCELONA AND FLORIDA IN NOVEMBER, I QUIETLY WORKED BEHIND THE SCENES AND UPDATED OUR WEBSITE. SO AGAIN, AS JULIE MENTIONED IF YOU HAVE ANY CHANGES, TWEAKS SUGGESTIONS OPEN TO THAT. CALL IT A 1.5 UPDATE WHERE NOT A COMPLETE OVERHAUL, BUT WE TOOK THINGS FORWARD AND ONE OF THE THINGS THAT THAT ENABLE US TO DO WAS BUILD. SOME COOL OPTIONS WHEN IT COMES TO LAUNCHING ITEMS LIKE PRESS RELEASES. I'LL USE PLUG IN PLACE AS AN EXAMPLE. YOU CAN SEE THEY RATHER THAN JUST PUBLISHED THE RELEASE WE SENT TO NEWS OUTLETS ON THE WEBSITE AS A BLOG, WHICH WE'VE DONE IN THE PAST AND IT'S FINE. WE BUILT A MORE ROBUST SYSTEM THAT ALLOWS FOR SOME MORE INTERACTIVE ELEMENTS LIKE AN F A Q SECTION. WE HAVE ANT IS VERY SUCCESSFUL IN ITS OWN, RIGHT. HOW DOES THAT SYNCHRONIZED WITH PLUG AND PLAY AND WE ANSWERED SOME OF THOSE QUESTIONS AND WE DEVELOPED SOME MORE RESOURCES. WE HAVE QUOTES FROM LOCAL PARTNERS THAT ARE VERY INVESTED IN MCKINNEY AND WE HAVE SOME PICTURES, AND IT'S JUST ALLOWED US TO CREATE MORE OF A ROBUST EXPERIENCE WHEN SOMEONE'S CLICKING ON OUR WEBSITE AND, UM INTRIGUED ABOUT WHAT'S HAPPENING IN MCKINNEY, SO YOU'LL SEE MORE OPPORTUNITIES LIKE THAT WHEN IT COMES TO OUR WEBSITE, AND, UM, AGAIN ANY IDEAS, SUGGESTIONS? ANY GLITCHES YOU CATCH? I'M OPEN TO THAT AND WOULD WARMLY WELCOME ANY FEEDBACK. AND THEN FINALLY, I DON'T HAVE A SLIDE FOR IT. BUT WE HAVE A NEW BILLBOARD BY OUR PARKING DECK AT DISTRICT 121. THE WAY THAT WORKS RIGHT NOW IS EVERY MINUTE THEY ROTATE THROUGH EIGHT. BILLBOARDS AND THEY'RE TRYING TO SELL THOSE EIGHT SLOTS DISTRICT. 121 HAS A SLOT AND THEN WE SHARE A SLOT THE E. D C. M. C. D. C AND THE CITY OF MCKINNEY. WE SHARE A SLOT SO EVERY WEEK WILL OWN A SLOT IN THE NEXT WEEK. THE CITY WILL OWN A SLOT IN THE WEEK. AFTER THAT, THE CDC WILL OWN A SLOT AND WE'LL ROTATE WEEK AFTER WEEK SO WE CAN PROMOTE CDC SPECIFIC CAMPAIGNS, TEMPERAMENT EVENTS THAT THEY'RE SPONSORING OR THINGS THAT THEY'RE THEY'RE GRANT PROVIDING GRANTS FOR AND THEN THE CITY CAN PROMOTE THEIR INITIATIVES AS WELL. SO THAT'S HOW THAT'S WORKING. IT JUST WENT LIVE LAST FRIDAY. AND SO IF YOU DRIVE DOWN 121, YOU'LL SEE IT'S REALLY, REALLY NICE, PRETTY PRETTY EYE CATCHING BILLBOARDS.

SO WITH THAT I WILL STAND FOR ANY QUESTIONS. THANK YOU. THANK YOU. MERRY CHRISTMAS, CHRISTMAS CHRISTMAS. JUST A COUPLE OF FINAL NOTES FOR THE GROUP. HERE I HAVE THE HONOR OF GOING ON MANY BUSINESS RETENTION VISITS WITH MEDICINE, RECENTLY, MEETING WITH C. E O S AND EXECUTIVE DIRECTORS OF COMPANIES THROUGHOUT THE CITY. IT IS A FANTASTIC WAY TO FIND OUT WHAT'S GOING ON. HERE IS THE SPOILER FOR THE PUNCH LINE. PEOPLE ARE VERY HAPPY WITH WHAT WE'RE DOING IN MCKINNEY OVERALL, AND THEY ARE CURING OUR BRAIN OUR MESSAGE OUT TO THE CORPORATION AT ALL LEVELS TO A PERSON WE'VE MET WITH. THE FEEDBACK HAS BEEN OUR SUPPORTS THE DCS FANTASTIC. THE CITY COUNCIL SUPPORT THE WAY WE'RE RUNNING. OUR CITY IS ALLOWING THEM TO HAVE EASY DECISIONS ABOUT WHERE TO INVEST THEIR MONEY. JUST GIVE A SHOUT OUT TO MEDICINE FOR SETTING THOSE UP AND ORGANIZING THAT I REALLY ENJOY THOSE SESSIONS. NOW ADMITTEDLY, WE GET HOMEWORK AFTER THAT, BUT WE'RE FOLLOWING UP AS BEST WE CAN. THANKS, MADISON. I ALSO WANT TO SHARE THAT MEDICINE AND MICHAEL TALLY RECENTLY RECEIVED A CERTIFICATE THERE NOW ECONOMIC DEVELOPMENT MASTER PRACTITIONERS, SO IT'S A GREAT HONOR. THEY WENT THROUGH THROUGH A PROGRAM CALLED THE ADVANCED ECONOMIC DEVELOPMENT LEADERSHIP PROGRAM. IT'S RUN WITH FOUR UNIVERSITIES COME TOGETHER, SO IT'S VERY ECONOMIC CENTRIC LEADERSHIP TRAINING. JUST TO GIVE A PUBLIC SHOUT TO THEM AND ADVANCING THEIR PERSONAL GROWTH TO HELP US IN THE CITY. SO THANK YOU. VERY

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

GOOD. THAT'S IT, MR. CHAIRMAN. THANK YOU. NEXT WE HAVE 23 1045 OCTOBER FINANCIALS. GOOD MORNING CHANCE. MILLER COUNTY MANAGER WILL BE GOING OVER THE FIRST MONTH OF OUR NEW FISCAL YEAR FISCAL YEAR, 24 NFL I WE ARE STILL WORKING ON CLOSING OUT FISCAL YEAR. 23 OR AUDITORS ARE

[00:30:07]

ON SITE THERE WILL BE ON SITE THROUGH THIS WEEK BACK TO THEIR OFFICES IN DALLAS, SO IT SHOULD BE CLOSING UP 23 BY THE END OF DECEMBER, AND IN JANUARY, I'LL COME TO YOU WITH TWO FINANCIALS.

THERE'LL BE NOVEMBER AND WILL BE THE FINAL 23 YEAR NUMBERS SO WE CAN SHOW HOW EVERYTHING PLAYED OUT WITH THE SALES TAX FINAL WAS AND EVERYTHING. UM I WANT TO PULL UP THE FINANCIALS.

THE INCOME STATEMENT. OKAY SO TYPICALLY THE FIRST MONTH OF EVERY FISCAL YEARS, LITTLE BIT SLOWER WHEN WE START ISSUING POS AND ALL THAT STUFF, SO, UM, IT DOES SHOW FOR THE D. C FOR OCTOBER SAD SALES TAX. WE HAD A REALLY GREAT MONTH FOR SALES TAX AND REVENUES AS A WHOLE. WE HAD CLOSE TO $2 MILLION 1.9 MILLION OF THAT WAS RELATED TO SALES TAX. IN REGARDS TO EXPENDITURES.

WE HAD $200,000 FOR OPERATIONAL EXPENSES AROUND $8000 PER PROJECT EXPENSES AND 237,000 ON NON DEPARTMENTAL EXPENSES THAT TOTALED 445,000 FOR THE MONTH OF OCTOBER, WHICH RESULTED IN A NET INCREASE OF 1.5 MILLION FOR OCTOBER AND AS WE GO INTO SALES TAX. THE MONEY WE RECEIVED IN OCTOBER FOR SALES TAX APPLIES TO THE MONTH OF AUGUST. GET MY. SO YOU CAN SEE THAT WE HAD A 7.2% INCREASE, WHICH IS GREAT. WE ACTUALLY HAD AUDIT COLLECTIONS. THAT KIND OF HURT US. OUR TRUE INCREASE WAS 9.6% WHICH IS INCREDIBLE. THAT IS A TRUE PERIOD PERIOD INCREASE. UM NOW THAT'S THE HIGHEST MONTH WE'VE SEEN AND PROBABLY 1011 MONTHS NOW, SO IT'S GOOD TO SEE THAT NUMBER. IT DOES COME DOWN A LITTLE BIT NEXT MONTH, BUT IT'S STILL GOOD TO SEE A JUMP EVERY NOW AND THEN SEE, ALLEN HAD A 0.5% INCREASE. UM THEY HAVE THE SAME THING AS US THEIR TRUE INCREASES CLOSER TO 4% SO THAT'S KIND OF BEEN IN STEADY FOR ALAN FOR A WHILE. NOW FRISCO YOU CAN STILL SEE THAT THEY'RE THAT PACE OF DECREASES. THEY HAVE ANOTHER DECREASE OF 4.6. I HAVE REACHED OUT TO FRISCO, FRISCO, CDC OF THE RELUCTANT CONTACT BACK WITH ME OR WHAT THE ISSUE IS, BUT WE HAVE OUR CONSULTANT LOOKING INTO IT AS WELL. I'M HOPING THAT WILL ACTUALLY GIVE US ANSWERS INTO WHAT KIND OF GOING ON FIRST GO IF THEY LOST THE BUSINESS. ANYTHING LIKE THAT. WE'VE TRIED.

FRISCO CITY DEPARTMENT, FRISCO, CDC, AND I'M JUST NOT GETTING ANSWERS ON WHAT EXACTLY IS GOING ON WITH SALES TAX, BUT HAVE FAITH THAT OUR CONSULTANT WILL KIND OF GIVE US INFORMATION BY THIS TIME NEXT MONTH. UM PLANO HAS BEEN STUDIED. THEY HAD A TRUE 4% INCREASE IN THE ALLEN PLANO HAVE BEEN STUDIED 4% FOR ABOUT EIGHT MONTHS. NOW WE'RE TRENDING A LITTLE BIT ABOVE THEM. AND FIRST GOES BEEN, UM, ON THE OTHER SIDE OF THE SPECTRUM, BUT AS WE GO TO THE CELL SIZE BY INDUSTRY, I DON'T REALLY HAVE ANYTHING TO NOTE HERE. ALL OUR INDUSTRIES LOOK PRETTY CONSISTENT. YOU'LL SEE A FEW DECREASES ON WHOLESALE TRADE UTILITIES. THOSE HAVE BEEN A LITTLE BIT DOWN. BUT IF WE'RE LOOKING AT SELL STOCKS AS A WHOLE, IT IS DRIVEN BY THOSE TOP THREE CATEGORIES, MAINLY RETAIL TRADE AND WITHOUT BEING STEADY INCREASES. UM WE DO ANALYTICS AND TO LIKE CERTAIN WE BREAK IT DOWN A LITTLE BIT FURTHER, AND I TALKED TO PRESIDENT KOWSKI ABOUT THAT. AND SO WE LOOK AT A LITTLE BIT MORE DETAIL. BIG PICTURE. THERE'S REALLY NOTHING TO NOTE THAT EVERYTHING LOOKS PRETTY CONSISTENT ON A MONTH TO MONTH BASIS, AND WE LOOK REALLY HEALTHY AND SALES TAX, BUT I'LL BE HAPPY TO ANSWER ANY QUESTIONS. THANK YOU. ENTERTAIN A MOTION ON THE FINANCIALS. MAKE A MOTION TO APPROVE IT SUBMITTED SECOND. PUSH MY THAD SUCK MY SCOTT. CAST VOTES. MOTION PASSES. NEXT. WE HAVE PUBLIC COMMENTS REGARDING MATTERS. NOT

[BOARD COMMENTS]

ON THE AGENDA IS EVERYBODY WOULD LIKE TO ADDRESS THE BOARD. ANY BOARD COMMENTS. JUST THAT THERE WAS A GREAT UM INTERVIEW OF OUR OWN. RUTH FROM HUGS ON THE KELLY CLARKSON SHOW THAT IF YOU HAVEN'T HAD A CHANCE TO SEE IT, YOU SHOULD WATCH IT. IT'S REALLY TERRIFIC. GOOD FOR HUGS AND GOOD FOR MCKINNEY. WHAT ELSE? HMM. WE WILL GO INTO EXECUTIVE SESSION AND, ACCORDING TO THE TEXAS

[EXECUTIVE SESSION]

GOVERNMENT CODE SECTION, 55107 TO 071 SEPARATE REP TO CONSULTATION WITH GENERAL COUNSEL ON ANY WORK SESSION SPECIAL OR REGULAR SESSION AGENDA ITEM REQUIRING CONFIDENTIAL ATTORNEY CLIENT ADVICE. ASSISTED BY THE DELIBERATION OR DISCUSSIONS SAID . IRELAND SAYS NEEDED LEGAL CONSULTATION ON THE FOLLOWING ITEMS IF ANY SECTION 551087 ECONOMIC DEVELOPMENT MATTERS. THE LIST OF PROJECTS ARE LISTED IN THE AGENDA. IT IS 838. WE WILL RECESS INTO EXECUTIVE SESSION AND WE WILL BE BACK IN THE EVENT THAT WE HAVE ANY ACTION TO TAKE

* This transcript was compiled from uncorrected Closed Captioning.

Dec 19, 2023 McKinney Economic Development Corporation

Link

Social

Embed

Download

Download Selected Item