Apr 16, 2024 Joint Meeting of McKinney Economic Development Corporation and Community Development Corporation

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SOMETHING. MORNING. YOU'RE VERY WELCOME. WE HAVE A JOINT MEETING TODAY BETWEEN THE MCKINNEY

[CALL TO ORDER]

[Consider/Discuss/Act on a Chapter 380, Grant, and Development Agreement by and Among City of McKinney, Texas, McKinney Economic Development Corporation, McKinney Community Development Corporation, and Notes Live, Inc]

UH, HE WILL DO PART TWO OF THIS PRESENTATION AND TALK MORE ABOUT NOISE, THE SIGHT PLAN AND THINGS OF THAT NATURE, SO I'LL ASK HIM TO SPEAK IN A FEW MOMENTS HERE. AND OF COURSE, THIS WILL BE OPERATED BY A PREMIUM OF ORGANIZATION AND LIVE NATION A EG OR EQUIVALENT. ANNUAL SALES IN THE PROPERTY 98 MILLION. ABOUT $50 MILLION OF SPENDING BY VISITORS AND THEN A WHOLE LOT OF HOTEL NIGHTS FOR THE ENTIRE AREA TO ACCOMMODATE. WHAT DOES THIS MEAN? JUST TO PUT IT IN PERSPECTIVE. THE BYRON NELSON HAS ABOUT $35 MILLION ECONOMIC IMPACT THAT FOOTBALL GAME AT THE STADIUM BY A MILLION DOLLARS AND THE AIRPORTS OVER $200 MILLION A YEAR. UM, THIS ONE COULD POTENTIALLY HAVE A $281 MILLION ANNUAL ECONOMIC IMPACT FOR MCKINNEY AND OUR SURROUNDING

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NO SURVIVE, WILL KEEP $640,000 OF THAT IN THE CITY OF MCKINNEY WILL GET $960,000. YOU'LL NOTICE THAT ME DC AND MC D MC DC KEEP 100% OF OUR SALES TAX. THAT'S A COMMON THEME IN OUR INCENTIVE PACKAGE. THE ME DC AND M CDC KEEP 100% OF ALL SALES TAX COMING INTO OUR GROUPS AS A REMINDER THIS WE COLLECT THE SALES TAX. THE CITY MCKINNEY GETS 2% 1% GOES RIGHT TO THE CITY OF MCKINNEY. HALF SENT TO ED C AND A HALF CENT TO CDC. UM WE DECIDED TO KEEP THE E DC AND CDC ARE 100% COMING BACK TO US. SO USE THAT MONEY FOR QUALITY LIFE PROJECTS AND ECONOMIC DEVELOPMENT PROJECTS IN AND AROUND THIS AREA. WITH SALES TAX . HERE IS THE METRICS. WE'VE AGREED TO. AND THIS IS A PERFORMANCE BASED, OF COURSE, THEY MUST HAVE THE ACTUAL SALES ON SITE TO GET REIMBURSED. 75. SO THE FACT THAT THEY MAY BE ABLE TO COLLECT OVER 20 YEARS $11.5 MILLION IN SALES. TAX REIMBURSEMENT IS BASED UPON THEM, PERFORMING AND THEN BRINGING THESE PEOPLE TO MCKINNEY, THEN FILLING UP HER HOTELS AND FILLING UP THE RESTAURANTS BEFORE A SHOW. ALL THAT STUFF HAS A CUMULATIVE EFFECT. THESE DOLLARS HERE ARE JUST FOR WHAT'S HAPPENING ON THE PROPERTY ITSELF. DOES NOT CONSIDER WHAT IS HAPPENING IN THE SURROUNDING AREA. SO 11 POINT 5/20 GOES BACK TO NOTES. FIVE POTENTIALLY 32.4 STATES WITH THE CITY OF MCKINNEY. I'LL GIVE YOU A BREAKDOWN OF HOW THAT WORKS. VALOR. SAME CONCEPT SCENARIO IN TERMS OF INCENTIVE STRUCTURE, BUT SOME NUMBERS ON YOUR RIGHT OVER 20 YEARS. UH NO SLIDE COULD POTENTIALLY GET BACK $3.9 MILLION IN AVALOR MCKINNEY WILL KEEP 4.4. 2.9 GOES TO COWEN 71 AND 6/20 MID IS $20 MILLION, POTENTIALLY OVER 20 YEARS FROM THIS PROJECT. INCENTIVE ARRANGEMENT. IS SET UP FOR ALL OUTSIDE AGENCIES KEEP 100% OF THE PROPERTY AT THE LAM TAX COLLECTED. WITH TICKETS. THIS IS A SPECIAL FEE. YOU COULD THINK OF IT ALMOST AS A PASS THROUGH FEE. FOR EACH TICKET SOLD IN

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HERE. OK? WORK FOR A STATEMENT FOR THE RECORD. TODAY. WE HAVE ZERO TAX MONEY COMING FROM THAT PROPERTY TO ANY OF THESE ENTITIES. THAT'S CORRECT, OK? AND FROM A SALES TAX PERSPECTIVE , ALTHOUGH WE'RE TALKING ABOUT SOME AMOUNT GOING BACK TO THOSE LIVES A DAY WE HAVE ZERO SALES TAX COMING FROM ANYTHING ON THOSE PROPERTIES. YES, CORRECT. THANK YOU. MDC TEAM TO TRANSITION TO THE OTHER PRESENTATION. NOW. UM I APPRECIATE THE OPPORTUNITY TO ADDRESS YOU TODAY, I'M GONNA SHARE THE SAME PRESENTATION THAT I DID LAST NIGHT AND ANTICIPATE SHARING. UH, THIS AFTERNOON, AND I APPRECIATE YOU TAKING YOUR MORNING. UH, TO CONSIDER IT, UH, WE HAVE, UH, OVER THE LAST TWO YEARS, I'VE BEEN SEARCHING FOR A LOCATION IN NORTH TEXAS, KNOWING THAT OUR STRATEGY FOR ROUTING ARTISTS AND BUILDING OUT FACILITIES AND MARKETS THIS WAS GOING TO BE A KIND OF A CROWN JEWEL OF THAT ROUTING STRUCTURE. WE'VE RECENTLY BROKEN GROUND IN THE TULSA MARKET. UH, WE OPENED COLORADO SPRINGS IN AUGUST OF THIS YEAR. AND UH, ANTICIPATE ANOTHER DALLAS OR RATHER TEXAS LOCATION BEING ANNOUNCED LATER THIS MONTH, BUT ULTIMATELY WE HAVE SEARCHED LONG AND HARD FOR THE RIGHT PLACE IN NORTH TEXAS. AND WE BELIEVE THAT MCKINNEY IS THE RIGHT PLACE, AND SO WE ARE VERY EXCITED ABOUT THE OPPORTUNITY TO BECOME JIM MCKINNEY. UM SO I'M GONNA DO A QUICK OVERVIEW OF THE TEAM, UH, ON OUR SIDE THAT HAS ASSEMBLED, UH, THIS PROJECT. WE'VE ALREADY DONE A SUBSTANTIAL AMOUNT OF WORK TO VALIDATE THE SITE TO MAKE SURE THAT WE CAN ACCOMMODATE, UH, THE AMENITIES THAT WE NEED TO UNDERSTAND WHETHER WE CAN ACCOMMODATE THE PARKING AND THE SOUND ORDINANCE FRAMEWORK THAT IS NEEDED FOR A FACILITY IN THIS MANNER AND THE TEAM THAT'S BEHIND THIS IS CONSTITUTED OF SOME OF THE BEST PEOPLE. ACROSS THE UNITED STATES IN THE AREA OF OUTDOOR LIVE MUSIC, UM, FACILITIES. UH, THE LIVE NOTES TEAM IS JW. ROTH IS OUR CEO AND CHAIRMAN. UM I SERVE AS THE PRESIDENT AND CO. UH, WADE BEAVERS IS THE PRESIDENT OF OUR NOTES, LIVE REAL ESTATE CORPORATION. HE HANDLES ALL OF OUR, UH, CONSTRUCTION ACQUISITION AND SO FORTH. OUR ARCHITECTS ARE JEFF CROCKER WITH BC STUDIOS. HE HAS DONE ALL OF OUR OUTDOOR FACILITIES AND LED THAT TEAM UNDERNEATH THAT TEAM WITH JEFF R, UM, BETWEEN ME ENGINEERS. WE HAVE THEATER CONCEPTS. WE HAVE SOME OF THE MOST ADVANCED AND ARCHITECTS IN THE WORLD, HAVING WORKED ON THE AUSTRALIAN SYMPHONY ORCHESTRA, HAVING WORKED ON, UH RED ROCKS AND PROJECTS OF THAT NATURE. THOSE ARE THE FOLKS THAT ARE WORKING ON OUR TEAM. JOSH MARTIN LEADS OUR CONSTRUCTION MANAGEMENT. UM THE ACOUSTIC THAT WE BROUGHT TO, UH, TO DO. THE ANALYSIS WAS MATT MAHAN WITH LSTN. UH, THIS BOTH THE CIVIL, UM, PROJECT INFRASTRUCTURE AND TRAFFIC AND MANAGEMENT HAS BEEN KINDLY HORN, WHICH IS A LOCAL, UH, BRANCH OF THAT NATIONAL ORGANIZATION. THEY HAVE COMPLETED THE FIRST PHASE OF OUR

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YOU KNOW, OFTENTIMES YOU WILL HEAR THESE OUTDOOR AMPHITHEATER CALLED SHEDS. AND IF YOU WERE TO VISIT ONE, WHICH THERE ARE 100 IN THE NATION, THAT'S WHAT THEY LOOK LIKE. UM, THAT IS NOT WHAT WE ARE BUILDING. UH, WHEN WE BEGAN TO LOOK AT, UH, OUR AMPHITHEATER PROJECTS, UH WE REALLY LOOKED AT THE EMERGENCE OF HIGH HOSPITALITY EXPERIENCE IN THE SPORTING INDUSTRY AND OTHER AREAS OF HOSPITALITY, AND WE'VE INCORPORATED THAT, UH, IN ADDITION TO SOME OTHER VERY, UH, KEY PIECES THAT WE THINK ARE IMPORTANT TO OUR BRAND AND TO THE CUSTOMER EXPERIENCE. ONE OF THE THINGS WE TALK ABOUT A LOT IS THE FACT THAT IN A IN A WORLD TODAY WHERE THERE'S A LOT OF RANCOR AND DIVISION UH YOU PUT MUSIC IN THE MIDDLE OF A OF A ROOM AND YOU A CAMPFIRE IN THE MIDDLE OF THE ROOM AND THE MICRO TENDS TO GO DOWN AND PEOPLE TEND TO FIND COMMON GROUND. SO ANYWHERE YOU GO WITH NOTES ALIVE . YOU'RE GONNA SEE TWO THINGS. YOU'RE GONNA SEE A LITTLE BIT OF FIRE AND YOU'RE GOING TO HEAR A LOT OF MUSIC. AND SO THIS FACILITY HAS 326 FIRE PIT SUITES. UM, IT HAS A SEATING BOWL IN THE FRONT THAT AREN'T YOUR TYPICAL 19 INCH SEATS THAT ARE VERY TIGHT WHERE YOU DON'T HAVE A PLACE TO PUT YOUR PURSE. THESE ARE 22 AND 23 IN SEATS.

UH, THE GREEN AS AN EXAMPLE. WE HAVE A VERY HOT CLIMATE HERE. OBVIOUSLY. AND SERVICES CAN CARRY A LOT OF HEAT OVER TIME, EVEN THOUGH IT'S COVERED EVEN THE GREEN, WHICH WILL BE THE LOWEST PRICE POINT FOR OUR TICKETS. WE'RE USING AN ARTIFICIAL TURF WITH AN EMOLIA IN IT CALLED HYDROGEL THAT YOU CAN WET DOWN A FEW HOURS BEFORE. UM THE VENUE IS OPEN, AND IT WILL LOWER THE SURFACE TEMPERATURE 30 DEGREES, SO WE'RE NOT BUILDING A SHED. WE'RE BUILDING AN EXCEPTIONAL, LUXURIOUS HOSPITALITY EXPERIENCE AT ALL LEVELS OF TICKET PRICES.

AT THE VERY TOP. WE HAVE A LARGE ULTRA SUITE FOR CORPORATE AND LARGE PARTIES. IT WILL HOST UP TO 700. THERE WILL BE A LARGE OFFERING OF FOOD AND BEVERAGE THERE AND YOU CAN WALK OUT OF THE HOSPITALITY SUITE AND DOWN INTO THE SEATING AREA THAT ACCOMMODATES THOSE 700 PARTICIPANTS. THE SEATING. B IS ALSO COVERED. UM, WHICH IS GOOD FOR INCLEMENT WEATHER HERE. IT ALSO HAS AIR MOVEMENT CAPACITY. THE LARGE FANS ARE INCORPORATED INTO THE INFRASTRUCTURE, SO WE WANT TO KEEP AN ENVIRONMENT COOL AND BE ABLE TO RUN THIS THE FULL SEASON. YOU'LL PROBABLY BEGINNING FROM ANYWHERE LATE MARCH ALL THE WAY THROUGH OCTOBER, REALLY APRIL TO THE BEGINNING OF OCTOBER IS THE ROUTING SEASON WE HOST PREMIER GRAMMY AWARD-WINNING NATIONAL ARTIST. YOU CAN ANTICIPATE, UM MOST OF THE TOP 50 ARTISTS IN THE UNITED STATES. WILL TOUR THROUGH THIS FACILITY IN ANY GIVEN YEAR OR OVER A PERIOD OF YEARS AS THEY TOUR THIS IS A RENDERING OF OUR EIGHT PERSON FIRE PIT SUITES WE HAVE IN THIS CONFIGURATION 468 AND 10 PERSON SUITES, SO WE HAVE A NUMBER OF DIFFERENT OFFERINGS FOR FOLKS. AND IT IS THE NATURE THAT WE TRY TO CREATE. HERE IS IF YOU WERE TO SIT AROUND AND HAVE SOMEBODY IN YOUR BACKYARD PLAYING MUSIC, AND YOU GATHER AROUND A LITTLE CAMPFIRE. THAT'S WHAT THIS FEELS LIKE. THE DIFFERENCE IS YOU'VE GOT MAYBE SOMEBODY LIKE JOHN MAYER OR OR SOMEBODY LIKE THAT PLAYING PLAYING YOUR MUSIC AND YOU'RE SITTING SOMEWHERE BETWEEN 20 TO 30 YARDS. FROM THE STAGE. SO WHAT ARE OUR GOALS? WE'RE

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AND SAFETY ARE ALWAYS SIGNIFICANT CONCERNS. THOSE ARE KEY DESIGN PRINCIPLES WITH US FROM THE BEGINNING. AND YOU WILL SEE IN THE WAY THAT WE ARE DESIGNING THIS FACILITY AND POSITIONING THAT WE WANT TO BE A GOOD NEIGHBOR, AND THAT'S OUR COMMITMENT TO THE TO THE CITY AND TO THE NEIGHBORS. THIS WILL GENERATE AGAIN ABOUT 5.5 TO 6 BILLION OVER THE 1ST 20 YEARS OF OPERATION AND WILL HOST A LOT OF LOCAL EVENTS. WE'VE ACTUALLY INCORPORATED IT INTO OUR, UH, DEVELOPMENT AGREEMENT WITH THE CITY TO MAKE IT AVAILABLE FOR CIVIC AND CORPORATE EVENTS JUST AT THE BASE COST OF THE FACILITY IN COLORADO SPRINGS TODAY, WE ALREADY HAVE A AAA LARGE IN, UH, INTEREST IN BOOKINGS AROUND COLLEGE GRADUATIONS, HIGH SCHOOL GRADUATIONS AND HIGH SCHOOL DRAMA EVENTS. PROVIDES LOCAL SEASONAL JOBS, FULL-TIME JOBS AND CONSTRUCTION JOBS WITH POTENTIAL FOR PARTNERSHIPS WITH LOCAL COLLEGES. THIS REQUIRES A LARGE AMOUNT OF HOSPITALITY AND ENTERTAINMENT MANAGEMENT EXPERTISE AND PARTNERING WITH LOCAL SCHOOLS IS GOING TO BE CRITICAL FOR OUR SUCCESS. THIS IS LOOKING AT IT FROM THE FROM THE NORTH, UH, FROM THE NORTH WEST SIDE OF THE AMPHITHEATER. YOU CAN SEE, UM UM 121 IN THE BACK AND 75 COMING UP THE SOUTH SIDE THERE. UM, ANYTIME WE LOOK AT A SIDE OF THIS NATURE AND THIS SCALE OF INVESTMENT, WE DO A SUBSTANTIAL AMOUNT OF DUE DILIGENCE AND I WANT TO WALK YOU THROUGH A LITTLE BIT OF WHAT WE DID. WE'VE DONE THERE. UM, ONE WE VALIDATED THE AMPHITHEATER POSITIONING IN THE POSITIONING.

WE DO HAVE IT FACING DUE NORTH AND THE PRIMARY REASON FOR POSITIONING OF THAT NATURE NUMBER ONE IS SOUND. THE WAY THAT SOUND PERPETUATES. GETTING THE LOW FREQUENCY SOUNDS AS FAR AWAY FROM ANY RESIDENTIAL AREAS AS POSSIBLE, UH, IMPROVES OUR ABILITY TO DECREASE THE MEASUREMENT OF WHAT'S CALLED DB. A THAT WOULD PERPETUATE OUTSIDE THE FACILITY. THE SECOND PIECE IS THE BACK OF HOUSE WHICH, UH, IN THE NATURE OF A FACILITY LIKE THIS, UM, A TOURING ARTIST MIGHT HAVE 10 TO 1518 WHEEL TRUCKS. THERE'S A LOT OF FOOD AND BEVERAGE BEING BROUGHT IN. IT TAKES ALL OF THAT ACTIVITY AND MOVES IT OUTSIDE THE CORE OF THE PEDESTRIAN WALKWAY COMING INTO THE FACILITY. WE HAD TO VALIDATE PARKING CAPACITY. WE HAVE TO MAKE SURE THAT WE HAD SUFFICIENT CAPACITY ON SITE, UH, TO BE ABLE TO ACCOMMODATE, UM, THE AMOUNT OF PARKING AND ALSO THE RIDE SHARE CAPACITY THAT WOULD BE REQUIRED FOR A FACILITY LIKE THIS, SO WE COMPLETED A SUBSTANTIAL, UH, TRAFFIC AND, UH , PARKING ANALYSIS. UH, THE CITY IDENTIFIED ALL OF THE INTERSECTIONS THAT THEY ANTICIPATED WOULD BE IMPACTED AS A RESULT OF THIS VENUE, AND WE MEASUREMENTS OF THOSE BETWEEN THANKSGIVING AND CHRISTMAS. WE OVERLAID WHAT ANTICIPATED DEVELOPMENT WOULD BE COMING TO 26. AND THEN WE LAID ON TOP OF THAT WHAT WE WOULD BE DOING TO ENSURE THAT WE WOULD BE ABLE TO GET PEOPLE IN AND OUT SAFELY AND IN A TIMELY MANNER. WE'VE VALIDATED SOUND SUITABILITY AND THE ENVIRONMENTAL IMPACT THAT WAS COMPLETED BY LSTN. UH, TYPICALLY, THESE STUDIES ARE DONE IN THEORETICAL MODELS. THEY OVERLAY THE LAND. THEY OVERLAID THEIR SURROUNDING BUILDINGS, AND THEY GIVE US MODELS. WE WANT TO STEP BEYOND THAT. IN THIS CASE, WE ACTUALLY HAD OUR ACOUSTIC COME OUT OVER THE LAST TWO WEEKS AND DO ON SITE ASSESSMENTS OF THE SOUND PERPETUATION. OBVIOUSLY THE FACILITY IS NOT THERE YET. SO ASSUMPTIONS STILL HAVE TO BE MADE, BUT OUR OBJECTIVE WAS TO MAKE SURE IT WAS SUITABLE. THAT WE COULD PUT A FIRST CLASS HOSPITALITY EXPERIENCE ON BUT ALSO, UM IN OUR DESIGN PRINCIPLES. DESIGN THE FACILITY. POSITION THE FACILITY SO THAT WE MINIMIZE THE IMPACT ON SURROUNDING AREAS. UM THE BASE OF THE FACILITY IS DESIGNED AS YOU CAN SEE HERE. THE GRAY AT THE BOTTOM IS WHAT'S CALLED THE ARTIST, COMPOUND AND OPERATIONS. THAT'S WHERE YOUR, UH YOUR FOOD AND BEVERAGE WILL BE COMING IN. THAT'S WHERE THE TRUCKS WILL BE LOADING IN AND OUT FOR CONCERTS. YOUR PARKING WILL BE IN THE PURPLISH BLUE COLOR. UM THAT IS ALL SURFACE PARKING WITH A SINGLE LEVEL PEDESTAL. OUR COMMITMENT IN AS A RESULT OF THE KIM RESEARCH IS THAT WE WOULD HAVE 5100 PARKING SPOTS ON SITE AND THIS APPROACH ALLOWS US TO DO SO. IT AN INTERIOR ROAD THAT WILL ALSO ACCOMMODATE YOUR RIDE SHARE, SO WE'LL HAVE EFFICIENT INGRESS AND EGRESS FOR PEOPLE THAT ARE USING , UH, UBER LYFT OR OTHER MEANS OF SHARED TRANSPORTATION. AND THEN THE AMPHITHEATER SEATED AT THE, UH, AT THE SOUTH, UH, SOUTH END OF THE PROPERTY. AS I MENTIONED WE HAD DONE TRAFFIC COUNTS FOR, UM ALL THE MAJOR INTERSECTIONS ADJOINING THE SITE AND ULTIMATELY LOOKED AT HOW WE LOAD IN WHICH IS TYPICALLY 90% OF THAT LOAD IN OCCURS WITHIN A TWO HOUR WINDOW AND ON THE EGRESS, UH 100% OCCURS WITHIN A 35 TO 40 MINUTE WINDOW. AND SO THIS TAKES THAT INTO ACCOUNT ONE

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THERE ARE SIX END POINTS OF INGRESS AND EGRESS TO GET IN AND OUT OF THAT SITE, AND YOU CAN HEAD WEST. THE EAST, NORTH AND SOUTH THROUGH MULTIPLE POINTS OF ENTRY AND EXIT, AND THAT'S UNIQUE TO ANY OF THE SITES THAT WE'VE BEEN ABLE TO CONSTRUCT SO FAR. AS IT RELATES TO SOUND.

THERE ARE THREE STRATEGIES TO MITIGATE THE IMPACT AND NOISE. WHAT WOULD BE CONSIDERED NOISE POLLUTION? ONE IS PHYSICAL MITIGATION. UM, THERE ARE YOU KNOW TO OVERSIMPLIFY THE SOUND ISSUE. THERE ARE LOW DENSITY. UM THERE ARE LOW FREQUENCY SOUNDS, WHICH IS YOUR BASS AND THEN THERE ARE HIGH FREQUENCY SOUNDS, WHICH ARE THE HIGHER PITCHED SOUNDS, THE LOW DENSITY SOUNDS OF THE LOW FREQUENCY SOUNDS ARE HARDER TO CONTROL. UM, AND THEY ALSO DON'T HAVE A AAA FOOTPRINT THAT IS AS BROAD HIGHER FREQUENCIES ARE MUCH MORE DIRECTIONAL TRAVEL FARTHER DISTANCES BUT EASIER TO CONTROL. SO OUR OBJECTIVE ON THE LOW FREQUENCY IS TO GET THE STAGE AS FAR AWAY AS WE CAN, WHICH WE HAVE DONE AND PUT INFRASTRUCTURE AROUND IT. THAT IS CONCRETE WITH VOIDS, WHICH ARE THE WHICH IS THE MOST SUITABLE MEANS. SO YOU WILL SEE IN OUR FACILITY THAT ASIDE TO THE STAGE ON ON THE EAST AND ON THE WEST ARE TWO STORY BUILDINGS, WHICH OBVIOUSLY HAVE A NATURAL VOID IN THEM WITH A FRONT WALL AND A BACK WALL. THE MOST SUITABLE WAY TO CONTROL THAT SOUND AS IT RELATES THE, UM THE, UH, THE HIGH FREQUENCY SOUNDS WHICH ARE HIGHLY DIRECTIONAL. I'LL SHOW YOU A MAP IN JUST A SECOND. UM, WE POSITION UM, THE BACK OF THE STATE THE STAGE TO THE BACK OF THE, UH OF THE AMPHITHEATER IN ITS RAKE 80 FT ABOVE STAGE LEVEL. SO THE SPEAKERS WILL BE CAPPED AT AT 40 FT. THE BACK OF THE AMPHITHEATER WILL BE AT 80 FT. AND THEY ARE GONNA BE LINE ARRAY SPEAKERS, WHICH POINT DOWN INTO THE BODY OF THE AMPHITHEATER, SUPPORTED BY THE LIKE CLUSTERS AT THE BACK OF THE AMPHITHEATER, SO WE'RE NOT HAVING TO SERVE THE FULL AMPHITHEATER FROM THE POWER FROM THE STAGE THE WAY THESE SOUND SYSTEMS ARE DESIGNED TODAY ARE VERY EFFECTIVE AT MINIMIZING THE FOOTPRINT OF SOUND OUTSIDE OF THE, UH, OUTSIDE OF THE AMPHITHEATER. YOU CAN SEE HERE. THE ELECTRO ACOUSTIC MITIGATION, WHICH IS OUR SECOND STRATEGY IS NUMBER ONE MANDATED VERTICAL ARRAY SPEAKERS. YOU CAN SEE THE NATURE OF THE PERPETUATION OF THAT SOUND. UM THIS IS AT 40 FT, UM, INTO THE INTO THE BOWL, IMPLEMENTATION OF DELAY CLUSTERS . YOU SEE THE BLUE CROSS ABOUT TWO THIRDS OF THE WAY BACK IN THE AMPHITHEATER THAT ALLOWS US TO PUSH THE POWER STRAIGHT DOWN INTO THE GREEN, UH, AS OPPOSED TO RELYING ON THE SOUND BEING PERPETUATED FROM THE STAGE. AND WE'RE GOING TO CAP THE HEIGHT OF THE SOUND PRODUCTION AT 40 FT. SO HERE'S AN EXAMPLE THIS IS THIS IS STRAIGHT OUT OF THE RABBIT MODEL OF THE MCKINNEY AMPHITHEATER AND YOU CAN SEE IN THE BACK. UM I DON'T KNOW IF I HAVE A POINTER HERE, BUT YOU CAN SEE IN THE BACK THAT IS THE OWNER SUITE AND THAT SITS AT THE TOP 80 FT ABOVE THE STAGE AND IS CONNECTED TO THE ROOF STRUCTURE THAT WILL GO OVER THE AMPHITHEATER. OPERATIONAL MITIGATION AT THE END OF THE DAY . IF A BAND COMES IN THERE AND DECIDES TO TAKE ACTION TO PERPETUATE SOUND ABOVE WHAT WE'VE COMMITTED, WHICH WE'VE MADE SPECIFIC COMMITMENTS IN THE DEVELOPMENT AGREEMENT, WE HAVE TO HAVE OPERATIONAL CONTROL, AND THAT'S WHERE THIS COMES INTO PLAY. NUMBER ONE IS WE'RE GONNA DO SOUND CHECKS AFTER 3 P.M. UM, NUMBER TWO IMPLEMENTATION OF NOISE DETECTION DEVICES TO THE EAST AND THE WEST. NUMBER THREE IS TO POSITION THE VENUE UP HIGHWAY 75 AND AWAY FROM FROM FROM RESIDENTIAL AREAS. IF YOU LOOK AT THE, UH, THE DISTANCES, UM TO THE WEST IS 1400 FT TO THE EAST IS 1400 FT ALSO AND THE FIRST SINGLE FAMILY UNIT RESIDENTIAL IS 3300 FT TO THE NORTH NORTHEAST. OUR OBJECTIVE IN THE 80 FT RAKE AND PUTTING BUILDINGS TO THE TO THE EAST AND TO THE WEST IS TO PROTECT SPECIFICALLY THOSE AREAS. UH, WE ASKED OUR OUR ACOUSTICIAN TO IDENTIFY WHAT THE DB A S WOULD BE WITH THIS MITIGATION IN PLACE MAGNOLIA BRANCH, WHICH IS TO THE EAST NORTHEAST IS THE IS THE ANE WOULD BE AT 70 DB. I EXPLAIN SOME THINGS, UM, ON ON HOW THIS WOULD BE MEASURED. BUT EFFECTIVELY. THIS MEASUREMENT IS THE PEOPLE WHO CONTROL THE MUSIC ARE RIGHT IN FRONT OF THE STAGE.

THAT IS THE PLACE OF CONTROL. IT'S ALSO THE PLACE OF MOST IMMEDIATE MEASUREMENT. AND SO THE THESE CONCERTS ARE, YOU KNOW , AT 100 DB A, WHICH IS WHAT WAS CALLED THE FRONT OF HOUSE MIX POSITION IT WOULD PRODUCE 70 DB A TO THE EAST, 64 DB TO THE WEST IN 62 DB A TO THE COVENTRY POINT LOCATION, WHICH IS 3300 FT. AWAY UH, WE WENT OUT THERE LAST NIGHT. I. I WILL SHARE WITH YOU

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BOTH LIVE NATION AND A EG HAVE GROUPS THAT ARE SOLELY FOCUSED ON WATCHING WHAT WATCHING WEATHER PATTERNS AND WATCHING THINGS THAT ARE HAPPENING IN AND AROUND OUTDOOR LIVE ENTERTAINMENT EVENTS, AND THEY CONTROL UM WHETHER OR NOT A CONCERT. HAPPENS WHETHER OR NOT IT'S DELAYED AND IF THERE WAS AN EVENT THAT POPPED UP QUICKLY, UM, INSTITUTE THE EMERGENCY PLANS. WE WILL, MAN ALL INTERSECTIONS TO SAFELY AND EFFECTIVELY MANAGE TRAFFIC FLOW.

UH, THE NEXT STEP WITH KINLEY HORN UPON APPROVAL BY, UH, CITY COUNCIL WOULD BE TO INITIATE PHASE TWO OF OUR TRAFFIC MANAGEMENT, WHICH IS TO TAKE, UH THE BASELINE PLAN AND BOIL THAT INTO A GAME DAY PLAN. WHICH WOULD INCLUDE DIRECTIONAL SIGNAGE. UH, WHERE YOU DO, MAN INTERSECTIONS WHERE YOU MIGHT START, UH, CHANGE THE CADENCE OF STOPLIGHTS AND SO FORTH. UM WE WILL HAVE ONE SECURITY OFFICER IN THE PARKING LOT FOR EVERY 250 PARKED CARS. THIS IS NOT INCLUDING TRAFFIC MANAGEMENT. THIS IS JUST ENSURING THE SAFETY OF THE OF THE PARKING LOT AND OF THE CARS. SO WITH THAT, I'LL BE HAPPY TO FIELD ANY QUESTIONS THAT YOU MIGHT HAVE. QUESTIONS.

I. I GUESS I HAVE ONE BECAUSE I KNOW THAT TYPICALLY WHEN MOST PROJECTS HAVE SOME TYPE OF LIFE SPAN BEFORE YOU HAVE TO START TALKING ABOUT CAPITAL IMPROVEMENTS, LARGER MAINTENANCE EXPENSE, DO YOU GUYS? HOW DO YOU FACTOR THAT IN TO THE PROJECT. AND WOULD THERE BE ANY EXPECTATION? AT SOME POINT 1015 20 YEARS DOWN THE ROAD WHERE THE CITY WOULD BE HAVING TO DO SOMETHING TO CONTRIBUTE TO THAT THERE WOULD BE NO POINT AT WHICH THAT WOULD BE THE CASE. I'M GOING TO GIVE YOU A SENSE OF THE NATURE OF THE STRUCTURE OF THESE FACILITIES. WE HAVE FASHIONED THIS AFTER OLD BASEBALL PARKS. THE TWO TO THINK OF WOULD BE FENWAY AND COFIELD. THESE ARE BRICK AND STEEL. THESE ARE GOING TO BE TIMELESS FACILITIES. THIS IS A HIGH HOSPITALITY EXPERIENCE . UM THE STRUCTURE PROVIDES FOR THE TENANT, WHICH IS ONE OF OUR CONTROLLED ENTITIES. IT'S A TRIPLE NET LEASE. THEY'RE REQUIRED TO KEEP THE FACILITIES. AND FULL OPERATING ORDER. THERE IS SOME LANGUAGE IN THE DEVELOPMENT AGREEMENT AS WELL THAT WE KEEP IT AS A LUXURIOUS FACILITY. SO IT'S THAT IS OUR BRAND. THAT'S WHAT WE'RE GONNA DO. I THANK YOU. EVERYBODY ELSE.

QUESTION YOU HAVE VENUE IN TULSA. I KNOW YOU'RE TRYING TO GET ONE OF THE OKLAHOMA CITY AS WELL. YES, LET'S DO DISTANCE. DO YOU USUALLY TRY TO CREATE BETWEEN THE VENUES. YOU MENTIONED THAT YOU MIGHT HAVE A LITTLE IN TEXAS. YOU KIND OF SAID SOMETHING ABOUT DALLAS.

DISTANCE YOU TRY TO CREATE BETWEEN YOU AND YOU KNOW THERE'S A WHOLE BUNCH OF FACTORS THAT GO INTO THAT, BUT QUITE SIMPLY, UM, YOU BEGIN TO LOOK AT MILLION PERSON MARKETS. SO OKLAHOMA CITY

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IT IS NOT ONLY DO YOU HAVE THE ARTIFICIAL TURF WITH THE COOLING WHATEVER YOU SAID. YOU'VE GOT THAT. BUT YOU'VE GOT IT COVERED. SO OK. THANK YOU. AND THE, UH THE, UM UM UH, WE'VE GOT WE'VE GOT A STRUCTURE FOR THESE LARGE FANS JUST TO KEEP AIR MOVING. THE FIRE PITS A POINT OF CONCERN. SOMETIMES IT IS JUST AMBIANCE. THE ARTISTS REQUIRE THAT THEY GO DOWN AFTER THE WHEN THE SHOW STARTS BECAUSE OF LIGHTING ISSUES, SO IT'S A PLACE TO SET YOUR PLATE. IT'S A PLACE TO PUT YOUR PLACE TO PUT YOUR FEET UP ON. IT'S UH, YOU KNOW, WE'RE WE'RE IN TEXAS. SO IN THE SUMMER. UNDERSTOOD. YEAH WE TALKED ABOUT OTHER VENUES, THE SE, ETC. WE HAVE AMERICAN AIRLINES. WE GOT DICKY'S. HOW DO YOU FEEL? WE'LL COMPETE WITH THOSE SEE THEY ARE 365 DAYS. I'M ASSUMING WE COULD BE CLOSE TO 365 DAYS HERE, BUT QUESTION HAS BEEN ASKED OF ME BY A COUPLE OF PEOPLE, SO THAT'S A GREAT QUESTION. AND IF YOU LOOK AT THE TYPES OF TOURS THAT WILL TOUR THESE FACILITIES, THEY WILL BE LOOKING AT PREDOMINANTLY IN APRIL TO OCTOBER. WHAT WE WILL END UP DOING THAT YOU WILL SEE THESE 45 SHOWS WILL BE SCHEDULED BECAUSE THAT'S HOW THEY ROUTE, UM OUTSIDE ON THE WHAT WE CALL THE HEMS OF THOSE OF THAT SCHEDULE IS WHERE WE CAN DO OUR OWN SHOWS, SO WE THINK IT WILL COMPLETE COMPETE EXCEPTIONALLY WELL. IT'S A COMPLETELY DIFFERENT EXPERIENCE. A LOT OF THE ARTISTS LIKE THESE OUTDOOR VENUES, MUCH MORE THAN DO THE INDOOR VENUES AND SO WE WILL COME IN HERE WITH A COMMITMENT FROM UH, ONE OF THOSE TWO PROMOTERS, BOTH AT THE TABLE WITH A MINIMUM OF 45 SHOWS FOR A LONG PERIOD OF TIME, SO WE'RE WE'RE VERY CONFIDENT THAT WE'LL BE ABLE TO COMPETE SIGNIFICANTLY . THE NUMBERS YOU ARE SEEING THERE, ONE OF THE THINGS THAT WE LOOK AT. WE THINK WE'LL DO SUBSTANTIALLY MORE THAT 45 IS A BASELINE. INCLUDES ONLY ROUTED SHOWS. IT DOESN'T INCLUDE, UH AS AN EXAMPLE, WE MIGHT HAVE LIVE NATION AS THE PRIMARY PROMOTER. BUT WITH A E MAY HAVE AN ARTIST COMING THROUGH, AND IT WOULD BE A NON ROUTED SHOW THAT WE'D BE ABLE TO PUT IN THERE SO WE WILL BE VERY AGGRESSIVE AT, UM MAXIMIZING THE USE OF THE FACILITY. SO TODAY. IN OKLAHOMA, CHOCTAW AND WINDSOR PUT ON A LOT OF SMALL SHOWS. DO YOU THINK THOSE ARTISTS WOULD PROBABLY ROUTE THROUGH HERE? IS THAT A COMPLETELY DIFFERENT THING? WELL IT DEPENDS ON THE SIZE, SO YOU KNOW, WE ALSO HAVE SMALLER VENUES. SO UM, WE HAVE A, UM UM, AN INDOOR VENUE IN COLORADO SPRINGS. I ACTUALLY BUILT ONE IN IN MY HOMETOWN OF GAINESVILLE, GEORGIA. WE TOOK A FULL CITY BLOCK AND WE'VE GOT A RESTAURANT AND AN INDOOR VENUE THERE, AND WE WERE OUT GREAT GREAT SHOWS THROUGH THERE. UM BUT THEY WOULD NOT BE SHOWS WOULDN'T BE SHOWS THAT WOULD PUT INTO THIS. THERE ARE OCCUPANCIES MORE THAN 1000 TO 2500 RANGE. THESE SHOWS ARE GOING TO BE A MINIMUM OF 14 TO 15,000 PUSHING UP TO 20,000. IT SEEMS TO ME THAT THE IMPACT BEYOND THE SITE IS UM NO. AND I COLLEGE. I WORKED AT THIS LITTLE

[00:40:06]

AND EVERY PARCEL AROUND US HAS GONE UNDER CONTRACT SINCE WE STARTED CONSTRUCTION AND HOTELS AND MIXED USE IS WHAT YOU'RE GOING TO SEE ONE OF THE INTERESTING THINGS THAT HAPPENED THERE, AND I DON'T KNOW THAT IT WOULD ALWAYS BE VIEWED AS A POSITIVE IF THERE'S AN APARTMENT COMPLEX THAT IS RIGHT ACROSS THE STREET. AND IT'S ONE OF THE THINGS THAT WE HAD TO WORK THROUGH WITH THE CITY, BUT THAT DEVELOPER HAS NOW PURCHASED THE LAND DUE. IN CENTER FIELD OF THE AMPHITHEATER BECAUSE THEY VIEW THE AMPHITHEATER AS AN AMENITY FOR THAT, UH, FOR THAT HOUSING, AND SO, UH, YEAH, WE WOULD ANTICIPATE, UM HOTELS. RESTAURANTS. AND UM POTENTIALLY OTHER OTHER HOUSING TO COME AROUND IT BECAUSE IT'S VIEWED AS AMENITY FOR THE OTHER QUESTION I HAVE IS I HAVE BEEN TO SOME, UM LOCAL VENUES THAT ARE ACOUSTICALLY HORRENDOUS. HOW WOULD YOU HELP US QUANTIFY THE QUALITY OF THE ACOUSTICS IN A FACILITY LIKE THIS WORLD CLASS? WE HAVE THEATER CONCEPTS IS WE ARE BUILDING A AS AN ACOUSTICALLY EFFICIENT ENVIRONMENT AS YOU CAN CREATE FOR AN OUTDOOR VENUE. HE TALKED ABOUT THE SITE PLAN EARLIER AND YOU TALKED ABOUT NOISE AND NOISE WAS THE HIGHWAY WILL HELP DEAFEN THE NOISE, RIGHT AND I LIVE JUST ON THE OTHER SIDE. AND I DO HEAR THAT HIGHWAY NOISE, ETCETERA, BUT WE ARE ALSO GOING TO HAVE 121. FOR 299 IS GONNA GROW NOW BECAUSE IT'S GOING TO RUN OVER TO 380. SO JUST OUT OF CURIOSITY, KNOWING THAT THAT HELPS DISSIPATE NOISE, WHY WOULDN'T WE TURN THE STAGE WHERE IT FACES SOUTH? MORE THAN NORTH? WE LOOKED AT THAT AS A POSSIBILITY. WHAT THAT DOES IS POSITIONS THE STAGE CLOSER TO RESIDENTIAL AREAS, AND OUR ACOUSTICIAN SAID THAT THE PERPETUATION OF SOUND WOULD BE MORE IMPACTFUL TO THE NEIGHBORHOOD OF 2 TO 3 DB AT THOSE RESIDENTIAL AREAS, AS OPPOSED TO KEEPING IT SOUTH. THE SECOND CHALLENGE THAT THAT CREATES, IS IT IT IT IT IT TAKES THE FLOW OF, UM PEOPLE COMING OUT OF PARKING AND THEY'RE HAVING TO CROSS THE BACK OF HOUSE. TO GET INTO THE VENUE. AND HAVING THAT POSITION JUXTAPOSITION TO WHERE THE PEOPLE ARE. PEDESTRIANS ARE COMING INTO THE FACILITY. IT WAS LESS THAN OPTIMAL. IN YOUR MIND. WHAT ARE THE MAJOR ISSUES THAT ARE STILL AS A COMPANY NEED TO WORK TO MAKE THIS FACILITY OPERATION. UH, WE HAVE A SIGNIFICANT AMOUNT OF DESIGN WORK, WHICH IS ALREADY UNDER WAY. OUR OBJECTIVE IS TO TOUR THIS IN THE 2020 26. SEASON WHICH IS A HEAVY LIFT, AND SO WE'RE GOING TO BE MOVING VERY QUICKLY UPON APPROVAL. HOPEFULLY THAT OCCURS TONIGHT WITH CITY COUNCIL TO GET THROUGH PLANNING AND TO START MOVING DIRT, BUT WE'VE GOT A GREAT DEAL OF WORK TO GET THAT FINISHED. HAVE A COMMITMENT TO HAVE OUR OPERATING AGREEMENT IN PLACE WITH THE MAJOR ROUTER BY DECEMBER. WE ANTICIPATE PROBABLY HAVING THAT DONE MUCH SOONER THAN THAT. ANTICIPATE THE NEXT 60 DAYS. LESS GENERIC QUESTION. I HAVE HAD A LOT OF PEOPLE ASK ME DIFFERENT QUESTIONS. TALK ABOUT THE COOLING OF THE ARTIFICIAL TURF. ARE ASKING IS THAT THEY TURN OUT ON A DAY IN ADVANCE. IS THAT ALWAYS RUNNING 24 7? THERE ARE A LOT OF PEOPLE ARE ASKING GENERIC QUESTIONS. I'M LIKE I'LL JUST ASK YOU KIND OF EXPLAIN HOW IT WORKS. SO IT'S A SHOP PRODUCT . I COULD HAVE BROUGHT SOME AND IT'S A IT'S A IT'S A IT'S A, UM, A LONGER WEAVE ARTIFICIAL TURF. IT'S NOT SOMETHING YOU WOULD PLAY SPORTS ON BECAUSE IT'S.

IT'S GOT TOO MUCH NAP TO IT AND YOU END UP TAKING. IT'S A IT'S A SAND THAT HAS A, UH, AN OIL BASED EMOLLIENT IN IT. UM, THAT IS ENVIRONMENTALLY FRIENDLY. YOU POUR THAT INTO IT, OR YOU WORK IT INTO THE, UH TO THE SHOP PRODUCT, AND YOU SIMPLY WET IT DOWN THE DAY OF AND IT IT, UH IT COOLS. IT KEEPS THE SURFACE COOLER. THE STATED PRODUCT, UH, SAYS 3030 DEGREES COOLER WITH THE EMOLLIENT IN IT. ONE MORE QUESTION HERE, I. I KNOW WE TALK A LOT ABOUT THE DEVS AS FAR AS RESIDENTIAL, BUT THERE'S BUSINESSES AROUND AS WELL. WHY IS THAT? NOT AS AS INTERESTING TO TALK ABOUT? I MEAN, OBVIOUSLY, RESIDENTS ARE IMPORTANT, BUT WE HAVE TALKED TO THEM DIRECTLY. SO I'VE SPOKEN TO THE COMPANY JUST TO THE TO THE NORTHWEST. WE'VE COMMUNICATED.

UH I'VE TALKED TO THE FOLKS AT THE SHERATON. WE HAVE COMMUNICATED WITH THE COMMUNITY COLLEGE. UM AND THEY'RE, UH, I WOULD THINK IT WOULD BE FAIR TO SAY THAT THEY'RE EXCITED ABOUT

[00:45:05]

IT'S JUST SO IN THE VERY FRONT IS OUR OUR FIXED SEATS, 22 INCH, SIX FIXED SEATS AND THEN YOU GET TO THE 326 FIRE PIT SUITES AND THEN RIGHT BEHIND THAT THERE'S ANOTHER SMALL SEATING AREA, AND THEN THERE IS A GREEN AND THAT IS OPEN SEATING. GENERAL ADMISSION. OPEN SEATING. YES, MA'AM. THANK YOU. OLDER PEOPLE BRING A CHAIR IN THE SITTING AND THAT I WOULD BRING A BLANKET.

UH, THE CHAIR. IT HAS A LITTLE BIT OF GRADE TO IT, SO I'M NOT SURE THAT CHAIR MIGHT NOT DUMP YOU OUT A LITTLE BIT, BUT, UH, NO. NICE. THANK YOU VERY MUCH. ANYBODY ELSE? ALL RIGHT. THANK YOU, SIR. MR CHAIRMAN, MADAM CHAIR. WE ALSO HAVE SCHEDULED EXECUTIVE SESSION WITH BOTH

[EXECUTIVE SESSION]

PROJECT PANTHEON. WE ARE GOING TO GO AND EXECUTIVE SESSION AT 8:51 A.M, AND I'LL TURN IT OVER.

AGAIN TO THE CDC. TO TAKE YOUR GROUP INTO EXECUTIVE SESSION AS WELL OF ME. EXECUTIVE SESSION.

IS ONE. UM AND THAT THERE WILL BE WE'RE IN RECESS.

[ACTION ON EXECUTIVE SESSION]

RIGHT WE HAVE A MOTION. DO WE HAVE A SECOND? YOU'RE ALL SET. SO YOU HAVE A OK? WE HAVE A MOTION IN THE SECOND IN A CLOSE THIRD. AND SO AT THAT, UH, WE DON'T HAVE A BUTTON TO PUSH FOR VOTING SO ALL IN FAVOR. RAISE YOUR HAND, SAY A MOTION PASSES UNANIMOUSLY AND TURNED OVER TO, UH, ANGELA. THANK YOU. CHAIR UM LOVE MY LOVE ME AND HE TALK TODAY BECAUSE I'M TIRED. UH ITEM 24-14337 CONSIDER DISCUSS ACT ON CHAPTER 380 GRANT AND DEVELOPMENT AGREEMENT BY THE BUY IN AMONG THE CITY OF MCKINNEY, TEXAS MCKINNEY ECONOMIC DEVELOPMENT CORPORATION, MCKINNEY COMMUNITY DEVELOPMENT CORPORATION AND NOTES LIVE. CAN I ENTERTAIN EMOTION TO EXCEPT THIS MOTION. SO MOVED PENDING COUNCIL APPROVAL. SECOND IT HAS BEEN MOVED BY UM MARY. AND DAVID RACHE IS ONE OF THE DATES KIND OF GET A SHOW OF HANDS. WE DON'T HAVE A BUTTON. OH, YEAH. NO

[00:50:02]

[CONSENT ITEMS]

RAISE YOUR HANDS. I WHO FIRST GOT THAT. THEIR MOTION PASSES. NEXT WE HAVE REPORTS MR GRIMES,

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

UH, BECAUSE THE READINESS OF OUR FIRE EQUIPMENT, OF COURSE PUBLIC WORKS. OUR WATER. WE HAVE TO HAVE WATER PRESSURE AT CERTAIN PLACES. AVAILABLE AT ALL TIMES. THAT IS A KEY COMPONENT OF YOUR ISO RATING. OUR POLICE DISPATCH AND OUR IT DEPARTMENT AS WELL. SO KUDOS TO THEM FOR REAFFIRMATION FOR ISO ONE AND THEN FINALLY, OUR LATEST ESTIMATED POPULATION AS OF APRIL . 1ST IS 216,517. THAT IS AN INCREASE FROM 215 919. SO WE'RE AT 216 517. LEST YOU THINK OUR ESTIMATES ARE OFF LAST TIME WHEN WE ALIGNED IT WITH THE 2020 CENSUS. I THINK THEY WERE 36 PEOPLE OFF. THAT'S HOW ACCURATE OUR PLANNING DEPARTMENT IS IN ESTIMATING THE POPULATION, SO ANYWAY WITH THAT, AND THEN OF COURSE, I HAD TO SEND MICHAEL QUINN A NOTE AND I SAID 36 REALLY 36 ANYWAY. I WILL STAND FOR ANY QUESTIONS, SAID OKLAHOMA STATE EDUCATION. YES THAT'S RIGHT. THAT'S WHY IT'S THAT CLOSE. RIGHT. THANK YOU. THAT RIGHT? THERE IS A DEFINITION OF PERSPECTIVE. RIGHT? UM NOT SEE LISA WITH THE CHAMBER. SO IN CINDY REPORTS ATTACHED. WELL, YEAH, CDC LEFT. SO ERIN WERNER IS STILL HERE. NEXT. WOULDN'T LEAVE THE GOOD MORNING, MR.

[00:55:07]

JO CON. UM BIO IS A LOCAL PARTNER HERE IN DOWNTOWN. I KNOW ME DC IS, UH, PROBABLY DONE SOME WORK WITH THEM. UM REALLY COOL. UM, UH, HIGH TECH CONFERENCE TAKING PLACE AT THE COTTON MILL.

THIS IS ALL BLOCKCHAIN BOOK STUFF. AND UH AND REALLY, REALLY NEAT GUYS. UM AND THEN ALSO, WE'RE WE'RE FULL SPEED AHEAD WITH THE CJ C. BYRON NELSON. UH OUR TEAM ALONG WITH COMMUNICATIONS AND A FEW OTHERS. WE KIND OF HIT UP THE, UH, THE WELCOME BOOTH AT ONE OF THE MAIN ENTRANCES. UH, THIS YEAR WE'VE CHANGED. THAT HOW WE'RE DOING GIVEAWAYS. WE'VE GOT A BRAND NEW SET OF GOLF CLUBS, A BAG A FULL WEEKEND STAY IN MCKINNEY AND SOME OTHER THINGS THAT WE PACKAGED TOGETHER FOR, UH, PEOPLE TO BE ABLE TO ENTER AS THEY WALK IN. WE'LL HAVE A PHOTO BOOTH SET UP INSIDE THE TENT. SO YOU CAN SNAG YOUR YOUR, UH, CJ CUP PHOTO AS YOU WALK RIGHT IN THE MAIN ENTRANCE. AND THEN WE'VE GOT SOME INCREDIBLE GIVEAWAYS THIS YEAR WITH A BRAND NEW KIND OF MCKINNEY GOFF LOGO THAT WE'VE CREATED FOR THIS EVENT SPECIFICALLY, UM SO WE'RE WE'RE READY FOR THAT. ROUND TWO OF OUR TOURISM MARKETING GRANTS IS LIVE RIGHT NOW. UM AND SO IF YOU HAVE, IF YOU KNOW ANYONE WHO'S PUTTING ON AN EVENT OR HAS AN ACTIVITY THAT INCREASES TOURISM IN MCKINNEY, I ENCOURAGE YOU TO SHARE THAT LINK FROM OUR PAGES. THEY ARE DUE BY MAY, 10TH. AND THEN OUR BOARD WILL VOTE ON HIM AT THAT NEXT MAY MEETING AND LASTLY, I JUST WANT TO, UH, GIVE AN APPRECIATION. COMMENT TO THE ME DC TEAM. UH, I THINK WE, UH, RECEIVED AN EMAIL ONCE, IF NOT TWICE A WEEK, CONNECTING US TO, UH, CORPORATE CLIENTS AND OTHER PARTNERS IN THE COMMUNITY THAT Y'ALL ARE MEETING WITH. UM IT GIVES US AN OPPORTUNITY TO ASSIST WITH TOURISM RELATED THINGS OR HOTEL NIGHTS. AND SO, UM, JUST A HUGE SHOUT OUT. I APPRECIATE THE PARTNERSHIP AND HOW WE'RE MOVING FORWARD WITH THAT SOLID GRAPH. QUESTIONS IS THE QUICK COMMENT FOR YOU. SO UH, WE'RE RUNNING AROUND COLORADO LAST ABOUT 10 DAYS AGO WITH MY SON AND, UH, HE BROUGHT UP YOUR INSTAGRAM. HE'S 17 YEARS OLD, AND HE'S FOLLOWING YOU AND HIM AND HIS FRIENDS ARE FOLLOWING YOUR INSTAGRAM POST, AND HE STARTED TALKING ABOUT THE ONE WITH THE ECLIPSE. AM AMAZED AT HOW MANY PEOPLE FOLLOW. ON INSTAGRAM. AND SO KUDOS OUT TO YOU. I MEAN, IT'S YOU'VE GOT A BIGGER FOLLOWING IN MY 17 YEAR OLD AND HIS FRIENDS ARE FOLLOWING YOU. SO THERE YOU GO.

HEY WE'RE DOING SOMETHING I'VE PASSED THOSE KUDOS ON TO AMBER AND THE THEY'RE THE TEAM KNOCKING IT OUT. SO JUST SO YOU KNOW I BECAUSE I DID BUY A T-SHIRT, BUT I WAS ON AN AIRPLANE. SO YOUR T-SHIRT WAS BEING SHOWN AT 30,000 FT. YOU KNOW, WE COULD HAVE SOLD THE SHIRT I WAS WEARING FOR PROBABLY $100 AFTER THE ECLIPSE BECAUSE WE HAD RUN OUT FOR THE FIFTH TIME AND THEY PEOPLE ARE BEGGING TO BUY IT OFF OF ME. WELL THAT'S GOOD TO KNOW. YEAH, THERE ARE THOSE THINGS ON EBAY. I THINK YOU SEE MY EBAY ACCOUNT GO UP LATER. THANK YOU. ONE OF A KIND SOLAR CLIFF SHIRT FOR YOU. ALL RIGHT. UH, DO WE HAVE ANY COMMITTEE UPDATES? MARKETING.

FINANCE. HE'S NOT ANYTHING REAL ESTATE NO, SIR. I WAS OUT OF TOWN FOR THE REAL ESTATE MEETING

[01:00:03]

[Consider/Discuss MEDC Monthly Reports]

TO VIEW THAT EPISODE WITH KEVIN AS WELL AS THERE'S A FOUR MINUTE EXPLANATION OF HOW PLUG AND PLAY OPERATES WITH START UPS AND CORPORATIONS. I BELIEVE I'VE MENTIONED IT BEFORE, BUT IT'S WORTH TALKING ABOUT AS WE ENTER INTO OUR NEXT WAVE OF EVENTS WITH PLUG AND PLAY. AND AS USUAL , ALL YOUR OTHER MARKETING REPORTS AND DATA AND SNAPSHOTS AND EVERYTHING ARE IN THE REPORT ATTACHED TO THE AGENDA SO HAPPILY STAND FOR ANY QUESTIONS. ANY QUESTIONS? THANK YOU. THANK YOU. THANK YOU FOR ALL YOU'RE DOING. UH, ORGANIZATION REPORT. SCHAKOWSKY WE HAVE A JOINT MEETING SCHEDULED NEXT WEEK WITH CITY COUNCIL. I'LL GET MR GRIMES A MATH. THE TOPIC WAS IS SUPPOSED TO BE A STRATEGY GOING THROUGH EVERYTHING. UH DOUG, OUR FACILITATOR AND I ARE STILL WORKING ON THE DOCUMENT, SO WE'LL PLAY IT BY EAR FOR READY OR NOT FOR NEXT WEEK. UH, THAT WOULD BE THE ONLY TOPICS THAT ARE GONNA GET MR GRIMES AND WE CAN TALK ABOUT IT. SURE.

[Consider/Discuss/Act on Authorizing a Grant of $1,781,000 to the City of McKinney to Fund the Planning and Design of Roads, Parking, and Utilities as Part of the Airport Eastside Design Project]

[01:05:03]

[01:10:07]

IT'S VERY COMPETITIVE PROCESS. THE TAXIWAY CHARLIE, FOR INSTANCE, IS SOMETHING THAT WOULD BE HIGHLY COMPETITIVE AS IT ADDS TO THE VIABILITY OF OUR AIRPORT AND THE NATIONWIDE SYSTEM OF AIRPORTS. PART OF THAT IS, UH, WE'RE ALREADY IN PROCESS FOR APPLYING FOR THOSE GRANTS, AND IF RECEIVING THOSE GRANTS, THE FUNDING BEING REQUESTED TODAY COULD BE REIMBURSED AND I WOULD RECOMMEND THAT WE DO PLAN FOR REIMBURSEMENT OF THESE GRANT FUNDS TO BOTH. THIS BOARD AS WELL AS THE CDC. THE GRANT REQUEST OVERALL, THE PLANNING AND ENGINEERING COSTS. FOR THE 75.03 MILLION DOLLARS AND TYPE A AND TYPE B CORPORATIONS HAVE LIMITS ON THE TYPES OF PROJECTS THAT YOU CAN FUND. THE EDC HAS MUCH TIGHTER REGULATIONS ON THE EXPENDITURE OF FUNDING AND AS SUCH THE REQUEST FROM THE M DC IS 1.7 $81 MILLION. THAT WOULD ONLY GO TOWARDS THE DESIGN OF THE PLANNING AND DESIGN OF ROADWAYS, UTILITIES AND PARKING FOR THE AIRPORT. IT WOULD NOT INCLUDE ANY OF THE ON-AIR AIRPORT, TAXIWAYS, RAMP SPACES, TERMINALS, HANGARS, THOSE WOULD NOT BE ELIGIBLE EXPENSES. WE ARE SEGREGATING THE TWO POTS OF MONEY IN YOUR FUNDS WOULD ONLY BE USED ON ALLOWABLE EXPENSES. THAT BEING SAID, I WILL STAND FOR ANY QUESTIONS AND DO WHAT I CAN TO SHARE THE INFORMATION AS FAR AS THE REIMBURSEMENTS GO, FAA REIMBURSEMENTS AS RELATES TO OUR PORTION. DO WE PARTICIPATE WITH YALL IN THE APPLICATION FOR THAT, OR DO YOU DO THE APPLICATION ON BEHALF OF THE HOW DOES THAT WORK? WE WOULD BE THE AIRPORT WOULD PROCESSING THE APPLICATIONS. WE WOULD HAVE AN AGREEMENT BETWEEN THE CITY AND THE EDC TO REIMBURSE THE GRANT FUNDS AT THAT POINT, BUT IT'S THE ONE WHERE YOU ARE. THE GRANT APPLICATION WE'RE CURRENTLY WORKING ON IS FOR TAXIWAY, CHARLIE THAT'S A $14 MILLION CONSTRUCTION PROJECT. A PORTION OF THAT IS DESIGNED UM BUT WE'RE WE'RE APPLYING FOR ADVANCED GRANT FUNDING, WHICH IS SOMETHING WE DO NOT ALWAYS HAVE THE OPPORTUNITY TO DO. MOST OF THE GRANTS ARE ON A REIMBURSEMENT BASIS, BUT WE ARE IN PROCESS OF APPLYING FOR THAT TODAY. THANK YOU. THE QUESTION. IF THERE IS NO OTHER QUESTIONS, THEN I WOULD ENTERTAIN A MOTION ON THIS. MOVE TO APPROVE. QUESTION. I YOU. MHM. OK WE HAVE A MOTION BY MR DENNISON.

SECONDED BY JULIE WILLIAMS. ALL IN FAVOR. YOUR HANDS. MOTION PASSES. ALL RIGHT. NEXT WE HAVE, UH, TO GO TO EXECUTIVE SESSION. A COUPLE OF PROJECTS. YEAH. YEAH SO WE'LL GO BACK AND EXECUTIVE SESSION ON PROJECT PANTHEON. AND, UH, NOT P HEMISPHERE. OK, AND, UH WE WILL ADJOURN AT 9:36 A.M. AND WE WILL BE BACK. MOMENTARILY. THE ONLY MM. READY. IT'S 10 AND ONE WE'RE BACK IN OUT OF EXECUTIVE SESSION . AT THIS TIME, I WILL ENTERTAIN A MOTION ON PROJECT PANTHEON.

ANYBODY MAKE A MAKE A MOTION TO APPROVE THIS ITEM PER OUR DISCUSSION IN EXECUTIVE SESSION.

MUCH ME THAT HE'S WE HAVE A SECOND SECOND ALL RIGHT. WE HAVE SECONDED BY SCOTT. ALL IN FAVOR.

MOTION PASSES. MOVE TO ADJOURN. MOST OF MY MARK. IT WAS SECONDED BY MATT. WE HAVE A THIRD BY

[01:15:04]