[00:00:01]
REPORT FORM. ARE WE READY? I WOULD CALL TO ORDER A MEETING OF THE CITY OF MCKINNEY, TEXAS.
[CALL TO ORDER]
REINVESTMENT ZONE NUMBER ONE, FIRST ITEM OF BUSINESS IS PUBLIC COMMENT ON AGENDA ITEMS. SEEING[CONSENT ITEMS]
NONE WILL MOVE TO CONSENT ITEMS. IT'S 20 4-2029 AND 20 4-2030. ACCEPT A MOTION ON APPROVAL.I'LL MAKE A MOTION. WE APPROVE THE CONSENT AGENDA ITEMS. SECOND IS MOTION MADE BY MAYOR PRO TEM FELTUS, SECONDED BY MAYOR FULLER. ALL IN FAVOR? AYE. ANY OPPOSED THE MOTION PASSES.
[Consider/Discuss/Act on a Resolution Amending the Project Plan for Tax Increment Reinvestment Zone Number One]
MOVING TO OUR REGULAR AGENDA. ITEM NUMBER TWO. 4-2031. CONSIDER. DISCUSS. ACT ON A RESOLUTION AMENDING THE PROJECT PLAN FOR TAX INCREMENT REINVESTMENT ZONE NUMBER ONE.SPOT. JENNIFER ARNOLD. AND THE FLOOR IS YOURS. THANK YOU, MR. CHAIRMAN. JENNIFER ARNOLD, DIRECTOR OF PLANNING. THERE WE GO, SO AS YOU READ THIS IS TO CONSIDER SOME AMENDMENTS TO THE PROJECT PLAN THAT GOVERNS THE TYPES OF PROJECTS THAT ARE ELIGIBLE FOR TERS FUNDING, JUST AS A QUICK REMINDER, WE DO HAVE THIS TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, WHICH INCLUDES THE HISTORIC DOWNTOWN AND THE SPINE OF STATE HIGHWAY FIVE DOWN TO THE SOUTH GATE SITE AND THE SOUTHERN STRETCH OF THE CITY. THE GOALS OF WHICH, OF COURSE, ARE TO IMPLEMENT AND ENCOURAGE REDEVELOPMENT AND ALIGNMENT WITH THE MASTER PLAN DOCUMENTS FOR THE CITY. PREDOMINANTLY THAT TOWN CENTER AREA HERE IN THE DOWNTOWN CORE, THESE PROJECT PLAN AMENDMENTS ARE THE RESULT OF SOME DISCUSSIONS THAT WE HAD WITH THE BOARD BACK IN THE MONTH OF AUGUST, PREDOMINANTLY AROUND THE IDEA OF EXPANDING THE SCOPE OF PROJECTS THAT COULD BE CONSIDERED FOR TERS FUNDING, NOT ONLY FOR ECONOMIC ADULT ECONOMIC DEVELOPMENT OPPORTUNITIES, BUT ALSO FOR DISTRICT ENHANCEMENTS.
SO WE ARE HERE TONIGHT TO PRESENT SOME CHANGES THAT COULD ALLOW FOR THOSE THINGS TO BE CAPTURED WITHIN THE BROADER PROJECT PLAN. SO CURRENTLY THAT PROJECT PLAN FOR THE TERS INCLUDES THREE MAIN PROJECT CATEGORIES CATALYST PROJECT, VACANT AND UNDERUTILIZED SITE PROJECTS, AND MIXED INCOME HOUSING PROJECTS AS PROPOSED. WELL, WE'LL GO THROUGH THE ELIGIBLE EXPENSES AS WELL. SORRY. UNDERNEATH EACH ONE OF THOSE PROJECT CATEGORIES ARE A LIST OF SPECIFIC ELIGIBLE EXPENSES THAT ARE UP HERE ON THE SCREEN, AND THEY RANGE FROM SMALLER PROJECTS SUCH AS ENVIRONMENTAL REMEDIATION, FACADE IMPROVEMENTS TO LARGER PROJECTS SUCH AS LAND ACQUISITION, CRITICAL MAINTENANCE, IMPROVEMENTS ON BUILDINGS, AS WELL, SO AS PROPOSED STAFF IS PROPOSING TO EXPAND THE PROJECT CATEGORIES FROM THOSE THREE MAIN CATEGORIES TO FIVE CATEGORIES. INTRODUCING TWO NEW PROJECT CATEGORIES ONE TITLED INNOVATION AND PILOT PROJECTS. THESE COULD BE SMALL OR LARGER PROJECTS THAT WE WOULD PROPOSE AS SORT OF INCUBATOR OR PILOT PROGRAMS FOR EITHER AN INNOVATIVE USE CASE OR AN INNOVATIVE REDEVELOPMENT OR REHAB, OR EXPANSION OF AN EXISTING SPACE OR TRACTS OF PROPERTY. AND THEN, OF COURSE, THE DISTRICT ENHANCEMENT PROJECTS, WHICH WOULD BE MUNICIPAL PROGRAMS OR PUBLIC PROGRAMS GEARED SPECIFICALLY FOR IMPROVING THE FUNCTION OF THE DISTRICT. SO INFRASTRUCTURE, IT COULD POTENTIALLY INCLUDE PUBLIC SAFETY, A NUMBER OF CITY INITIATED OR MUNICIPAL RUN PROGRAMS THAT HELP TO IMPROVE OR IMPROVE THE LONGEVITY OF THE TERS AND THE DESIRABILITY OF THE DISTRICT ITSELF, IN ADDITION TO EXPANDING THE PROJECT CATEGORIES TO INCLUDE THESE TWO NEW PROJECT CATEGORIES, WE WOULD ALSO PROPOSE ADDING A NEW ELIGIBLE EXPENSE ON THAT PROJECT PLAN, SPECIFICALLY FOR TARGETED AND ECONOMIC DEVELOPMENT. THIS WOULD NOT BE A WHOLESALE ADDITION TO ALL OF THE DIFFERENT PROJECT CATEGORIES. THIS WOULD ONLY BE ELIGIBLE FOR THESE CATEGORIES LISTED HERE. CATALYST PROJECT INNOVATION PROJECTS AND DISTRICT ENHANCEMENT PROJECTS. SO THE SMALLER PROJECTS, THE ONES THAT WE TYPICALLY SEE BEFORE YOU FOR FIRE SUPPRESSION, CRITICAL MAINTENANCE, FACADE IMPROVEMENTS, THOSE WOULD NOT BE ELIGIBLE FOR THAT ECONOMIC DEVELOPMENT INCENTIVE AS OF YET. WE REALLY DID WANT TO LEAVE THAT RIGHT NOW FOR JUST THOSE LARGER PROJECTS THAT MAY HAVE MORE OF THAT ECONOMIC DEVELOPMENT IMPACT. WE DO ANTICIPATE THAT SOMETIME NEXT YEAR, WE'LL DO A FULL REEVALUATION OF THE PROJECT PLAN, THE PERFORMANCE OF THE TERS, AND WE COULD CONSIDER BRINGING FORTH SOME OF THOSE
[00:05:01]
EXPANDED ECONOMIC DEVELOPMENT. OPPORTUNITIES AT A LATER TIME. BUT FOR THIS PARTICULAR PHASE, WE FELT LIKE STAIR STEPPING THAT IN WITH THIS, KEEPING IT REALLY TAILORED TOWARDS THOSE CATALYST PROJECTS FOR NOW WAS A BETTER USE OF THAT IMPROVEMENT FOR TODAY, WITH THAT, I THINK THAT IS MY LAST SLIDE. SO I'M HAPPY TO ANSWER ANY QUESTIONS THAT YOU ALL HAVE. AGAIN, OUR GOAL WITH BRINGING THESE PROJECT PLAN AMENDMENTS WAS TO IMPLEMENT SOME OF THE DISCUSSIONS THAT WE HAD BACK IN AUGUST AND A COMPLIMENTARY ITEM TONIGHT, WE ALSO HAVE SOME COMPLIMENTARY CHANGES THAT WE ARE PROPOSING FOR THE ADMINISTRATION POLICY AS WELL. THAT HELPS. IF THESE ARE APPROVED, IT WOULD HELP SET SOME OF THE FRAMEWORK AND PARAMETERS FOR HOW FUNDING MIGHT BE EVALUATED. WHEN A PROJECT CAME BEFORE YOU, SO WITH THAT, I'M HAPPY TO ANSWER ANY QUESTIONS.SO, JENNIFER, I MISSED THE LAST TERS MEETING AND I WOULD LIKE FOR US TO HAVE A BROADER CONVERSATION ABOUT IF THE TERS IS SUCCESSFUL, LIKE WE SAY, IT IS WHERE CAN WE BE MORE IMPACTFUL WITH OUR DOLLARS? WHEN I LOOK AT THAT MAP RIGHT THERE, I CAN COUNT A COUPLE OF SITES THAT ARE JUST COMPLETELY DILAPIDATED, EITHER STUCK IN THE MIDDLE OF DEVELOPMENT AND NOT GOING ANYWHERE, OR SHOULD BE TARGETS FOR US IN TERMS OF FINDING SOLUTIONS FOR, I THINK OF THE ONE UP AT 380 AND FIVE, THAT IS JUST YOU KNOW, IT'S A BLIGHT ON THAT INTERSECTION AND THAT ENTRANCE INTO OUR CITY. I THINK WE'VE ADDED USED CAR DEALERSHIPS IN THIS CORRIDOR SINCE THIS TERS WAS CREATED, BUT WE'VE NEVER REALLY GONE OUTSIDE OF THE HISTORIC CORE BUBBLE OR THE, THE, THE DOWNTOWN AND EAST SIDE BUBBLE. AND I WOULD LIKE FOR US TO BE ACTIVELY LOOKING FOR THAT RATHER THAN I FEEL LIKE THIS THING IS JUST WE'RE OUT OF WAYS TO HAND OUT MONEY. SO WE'RE JUST CHANGING IT TO A NEW WAY TO HAND OUT MONEY TO THE SAME PEOPLE. AND I'M I DON'T LOVE THAT. I THINK THIS TERS WAS SUPPOSED TO BENEFIT EVERYBODY, AND WE NEED TO FIND WAYS TO MAKE SURE THE BUSINESSES ALONG HIGHWAY FIVE HAVE THE SAME OPPORTUNITIES THAT THE BUSINESSES AND DOWNTOWN DO. AND, SO I WOULD LIKE, I REALLY WOULD LIKE FOR US TO HAVE A KIND OF, STRATEGY PLANNING SESSION FOR, FOR HOW TO DEPLOY A SUCCESSFUL TERS PROCEEDS INTO AND WE TEND TO AGREE, BUT WE DO THINK THAT THE STRATEGY SESSION OR THE STRONGER STRATEGY WITH HOW TO ALLOCATE TERS FUNDS IS SOMETHING THAT WE NEED A LITTLE BIT MORE TIME TO EVALUATE. AND THAT'S WHY WE WERE TALKING ABOUT, THE START OF NEXT YEAR, REALLY DIVING INTO THAT. THERE ARE SOME CRITICAL IMPROVEMENTS THAT WE THOUGHT MIGHT BE BENEFICIAL NOW, WHICH IS WHAT WE'RE SHOWING TODAY. BUT A DEEPER DIVE. ABSOLUTELY. ON HOW TO MAKE SURE THAT WE'RE MAXIMIZING WHAT THIS, YOU KNOW, POT OF MONEY CAN BE USED TO HELP IMPROVE WITHIN THE DISTRICT IN TERMS OF THE FIFTH ITEM, THE I MEAN, THAT'S ESSENTIALLY ALL OF OUR PROJECTS, CORRECT, NO, ACTUALLY PROGRAMS WHICH ONE NOW? I'M SORRY, FIVE. NUMBER FIVE ENHANCEMENTS, NOT NECESSARILY. SO THAT COULD BE RIGHT. NOW THE PROJECTS THAT WE GET ARE PREDOMINANTLY IF NOT SOLELY PRIVATE PARTIES COMING TO THE CITY OR TO THE TOURIST BOARD REQUESTING FUNDING BECAUSE THERE'S A PRIVATE PROJECT HAPPENING, YOU COULD PROBABLY READ THE PROJECT PLAN TO SAY THAT, PROJECT CATEGORY FIVE IS SOMETHING THAT WE COULD SPEND MONEY ON RIGHT NOW, BUT YOU DO HAVE TO READ QUITE DEEP INTO THAT PROJECT PLAN TO, TO SEE THAT. AND SO BY RAISING IT UP AND MAKING THAT AN ACTUAL PROJECT CATEGORY, IT DOES OPEN UP THE DOOR FOR THE TERS BOARD TO BE ABLE TO BE MORE PROACTIVE IN SAYING, HEY, YOU KNOW, I'M GOING TO THROW THESE THINGS OUT THERE. I'M NOT I'M NOT RECOMMENDING THEM. BUT WHETHER IT IS, IMPROVEMENTS TO A PARKING GARAGE, ADDING PARKING METERS, WHETHER IT IS PUBLIC SAFETY OR ENHANCED LIGHTING AND LANDSCAPING, STREETSCAPES, THINGS OF THE LIKE THAT AREN'T TIED TO A REDEVELOPMENT PROJECT. THIS WOULD OPEN THE DOOR FOR THE TOURIST BOARD TO BE ABLE TO USE THAT FUNDING FOR THINGS LIKE THAT A LITTLE BIT MORE FREELY, BUT THOSE WOULD LIKELY BE ALL LED BY OR PARTNERED WITH THE CITY. SO TO SPEAK. YES, SIR. AND I BELIEVE THE WAY THAT IT'S WRITTEN IS IT WOULD HAVE TO BE A CITY BACKED OR CITY LED INITIATIVE OR PROJECT THAT WOULD FOR IT TO BE ELIGIBLE UNDER THAT PROJECT CATEGORY, RIGHT? I'D SAY I AGREE AND DISAGREE WITH PARTS OF WHAT COUNCILMAN MILLER SAID, TO ME, THIS IS NOT AT ALL JUST COMING UP WITH A WAY TO FIND OUT MORE WAYS TO GIVE MONEY TO THE SAME PEOPLE. I THINK THESE ARE GREAT ADDITIONS, ESPECIALLY WITH INNOVATION AND PILOT PROJECTS, THAT SUPPORT NEW AND UNIQUE DEVELOPMENT. THAT'S SOMETHING WE DON'T DO AT ALL NOW. SO IT WOULD NOT BE ANY ANYONE THAT WE'VE
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BEEN FUNDING IN THE PAST. SO WHAT I THOROUGHLY AGREE WITH IS A STRATEGY FOR US TO BE PROACTIVE AND, AND EVEN MARK, WE CAN WE CAN LEAD PROJECTS OURSELVES AS A TOURIST BOARD.CAN WE NOT WE CAN LEAD PROJECTS. WE DON'T HAVE TO WAIT FOR THE PRIVATE SECTOR TO COME IN AND I AND THAT ON THAT POINT, I AGREE WITH JUSTIN WHOLEHEARTEDLY THAT WE NEED TO, NEED TO CREATE A STRATEGY AND FIGURE OUT WAYS THAT WE, AS A BOARD CAN BE PROACTIVE AND GO OUT AND NOT WAIT ON PRIVATE SECTOR TO COME IN, BUT US GO OUT AS STEWARDS OF THIS MONEY AND DETERMINE HOW TO HOW TO IMPROVE, THIS REINVESTMENT ZONE. YEAH. PART OF YOUR BROTHER IS THE CITY OF MCKINNEY. YES. OF COURSE, SOME OF THEM ARE HERE. YEAH, YEAH, BUT I AGREE WITH HIM VERY MUCH.
SO ON ON WORK SESSION ON A STRATEGY. SO I THAT WAS A REQUEST. I SECOND THAT, IN THE NEXT PRESENTATION I THINK YOU'RE GOING TO GIVE WE DEFINE THE INNOVATIVE PILOT PROJECTS AS HAVING SOME ECONOMIC BENEFIT. HOW DO WE MEASURE THAT? IT'S A GREAT QUESTION. AND IT'S ONE OF THE THINGS THAT, IT REALLY WILL BE A CASE BY CASE BASIS. UNTIL WE DO THAT DEEPER DIVE ON THE STRATEGY AND POTENTIALLY BRING BACK TO THE BOARD A MORE ROBUST APPLICATION PROCESS, RIGHT NOW OUR APPLICATION PROCESS IS PRETTY LIGHT AND IT LEAVES A LOT OF WORK ON STAFF, BOTH FROM THE PLANNING DEPARTMENT TO THE CITY MANAGER'S OFFICE AND THE LEGAL DEPARTMENT, TO EVALUATE THE REQUESTS THAT ARE COMING IN TO DETERMINE THE MERITS OF THE REQUEST. SO THOSE ARE ALL THINGS THAT WE FULLY INTEND TO LOOK INTO AND EXPAND AS PART OF THAT QUARTER. ONE 2025 TIMEFRAME. SO THAT WE HAVE A MORE, CRITICAL WAY TO EVALUATE THOSE. BUT RIGHT NOW IT'S A CASE BY CASE BASIS WHEN THEY COME IN. SO IN TERMS OF ADDING THIS WITHOUT SOME EVALUATION OF THAT AND THE PLAN TO EXPAND THAT LATER, WHAT'S THE RUSH TO ADD IT NOW? I THINK THAT WE FELT LIKE THERE WAS CONSENSUS FROM THE BOARD BACK IN AUGUST TO EXPLORE GETTING THOSE THINGS ADDED. IF IT'S THE WILL OF THE BOARD RIGHT NOW TO WAIT UNTIL WE HAVE A MORE ROBUST SYSTEM, THAT'S PERFECTLY FINE. AS WELL, BUT WE DO HAVE WE THOUGHT THAT THERE WERE SOME OPPORTUNITIES WITH THE GROWTH IN THE POT FOR THE TERS FUND, PAIRED WITH THE CONVERSATION BACK IN AUGUST THAT THERE WAS A DESIRE TO SEE IT COME SOONER RATHER THAN LATER. ANY FURTHER DISCUSSION? OR QUESTIONS. I MAKE A MOTION THEN, IF THERE'S NO MORE DISCUSSION MOTION. DO WE APPROVE? ITEM 242031 I'LL SECOND MOTION MADE BY MAYOR FULLER WITH A SECOND BY COUNCILMAN JONES. ALL IN FAVOR? AYE, AYE. ANY OPPOSED? MOTION
[Consider/Discuss/Act on a Resolution Amending the Administration Policy and Guidelines for Tax Increment Reinvestment Zone Number One]
PASSES. WE'RE GOING TO GO OUT OF ORDER AND TAKE UP ITEM NUMBER TWO. 4-2032. CONSIDER. DISCUSS.ACT ON A RESOLUTION AMENDING THE ADMINISTRATION POLICY AND GUIDELINES FOR TAX INCREMENT REINVESTMENT ZONE NUMBER ONE, MISS ARNOLD. THANK YOU, MR. CHAIRMAN. AGAIN JENNIFER ARNOLD.
SO THIS IS SORT OF A COMPANION ITEM TO THE PROJECT PLAN AMENDMENTS. AND IT IS ALSO OFF THE HEELS OF THE DISCUSSION THAT WAS HAD WITH THE BOARD BACK IN AUGUST, THERE WAS A LOT OF TALK IN AUGUST OF THE COST OF CONSTRUCTION, REDEVELOPMENT AND THE ABILITY TO USE THAT TERS FUND TO REALLY HELP ASSIST PROJECTS. THERE WERE A COUPLE OF PROJECTS THAT WERE REFERENCED DURING THAT TIME, WITH THE INCLUSION OF THE NEW PROJECT CATEGORIES AND ELIGIBLE EXPENSES. AND WE ALSO WANTED TO AMEND THAT ADMINISTRATION POLICY TO INCORPORATE THEM, BUT ALSO TALK ABOUT ARE THERE HIGHER CAPS THAT COULD BE CONSIDERED FOR THAT ADMINISTRATION POLICY TO HELP FURTHER THE DOLLAR FROM THE TERS FUND? SO UP ON THE SCREEN RIGHT NOW IS OUR CURRENT ADMINISTRATION POLICY. YOU'LL SEE THAT FOR THE CATALYST PROJECTS THEY ARE ON A CASE BY CASE BASIS FOR HOW PROJECTS GET FUNDED. AND THEN UNDER THAT GREEN CATEGORY, THE VACANT AND UNDERUTILIZED SITES, WE'VE GOT A FAIRLY NOMINAL CAP FOR FACADE ENVIRONMENTAL IMPROVEMENTS, 25,000 AND THEN FIRE SUPPRESSION AND CRITICAL MAINTENANCE HAVE A CAP OF 50,000 WITH THE 5050 MATCH AS PROPOSED, WE WOULD CLARIFY THAT CATALYST PROJECTS, MIXED INCOME PROJECTS, INNOVATION PILOT PROJECTS AND DISTRICT ENHANCEMENT PROJECTS WOULD ALL BE EVALUATED FOR TOURIST FUNDING ON A CASE BY CASE BASIS. HOWEVER, WE WOULD CLARIFY THAT CATALYST PROJECTS
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IN PARTICULAR, MUST BE PROJECTS OR PROPERTIES THAT CONTRIBUTE TO EITHER AD VALOREM REVENUE TO THE CITY OR SALES TAX REVENUE TO THE CITY, SINCE THAT IS HOW THE TOURS FUND IS GENERATED. AND THEN UNDER THE VACANT AND UNDERUTILIZED PROJECT CATEGORY, INCREASING THOSE CAPS FOR THE SMALLER PROJECTS FOR FACADE AND ENVIRONMENTAL FROM 25,000 TO 50,000, AND THEN FOR CRITICAL MAINTENANCE AND FIRE SUPPRESSION, GOING FROM A 50,000 MATCH TO A 100,000 CAP ON THOSE PROJECTS, THOSE, IN THE GRAND SCHEME OF HOW REDEVELOPMENT AND CONSTRUCTION COSTS ARE GOING, WE FELT LIKE THAT WAS APPROPRIATE TO MAKE SURE THAT WE ARE ACTUALLY HELPING TO FILL A SIGNIFICANT AMOUNT OF THE GAP, OR A REASONABLE AMOUNT OF THE GAP FOR SOME OF THESE PROJECTS THAT ARE COMING FORWARD. AND WITH THAT, THAT IS WHAT WE ARE PROPOSING. I'M HAPPY TO ANSWER ANY QUESTIONS. OR IF THE INCREASE IN CAPS IS SOMETHING THAT THE BOARD IS NOT COMFORTABLE WITH, WE'RE PERFECTLY FINE LEAVING THEM AS THEY ARE. BUT WE DID FEEL LIKE AT THE AUGUST MEETING THERE WAS A LOT OF DISCUSSION ABOUT BEING ABLE TO DO MORE WITH THOSE TOURIST FUNDS, BOTH ON LARGER PROJECTS AND SMALLER PROJECTS, MR. ARNOLD, WHEN YOU MENTIONED THE, $100,000 CAP, WAS THAT FOR WERE YOU ADDRESSING SOLELY CRITICAL MAINTENANCE ACTIVITIES, CRITICAL MAINTENANCE AS WELL AS FIRE SUPPRESSION? I'M JUST LOOKING THROUGH THE ACTUAL EXHIBIT TO THE RESOLUTION. I SAW THERE'S 200,000 CAP UNDER VACANT AND UTILIZED UNDERUTILIZED SITES AND BUILDINGS. SO I BELIEVE THAT, THAT WOULD BE UNDER THE ENVIRONMENTAL AND, REMEDIATION.SO UNDER THE VACANT AND UNDER UTILIZED PROJECT CATEGORY, THERE ARE ONE, 23456, ONE OF WHICH IS THE FACADE AND ENVIRONMENTAL. SO THAT PARTICULAR SUB CATEGORY WOULD HAVE THAT $200,000 CAP.
AND THOSE THE FACADE AND ENVIRONMENTAL REQUESTS ARE THE ONES THAT AS OF THE LIFE OF THE TOURS, THOSE ARE THE ONES THAT WE SEE MOST OFTEN. IN FACT, 90% OF WHAT WE SEE ARE UNDER THAT CATEGORY. THANK YOU FOR MAKING THAT DISTINCTION FOR ME. ANY OTHER QUESTIONS OR CONCERNS OR DISCUSSION? MY ONLY OTHER CONCERN OR QUESTION IS THAT WE ARE HAVING THIS DISCUSSION ABOUT FIRE SUPPRESSION AND RISER INSTALLATION FOR THE SQUARE, AND WE DISCUSSED WHAT THE MATCH SHOULD BE, AND WE HAVEN'T SETTLED THAT QUITE YET. SO I'M A LITTLE HESITANT TO SAY WE WANT TO GO IN THIS DIRECTION WITHOUT HAVING SETTLED THAT PORTION. AND I KNOW WE HAVE PROBABLY ANOTHER PRESENTATION COMING UP SOON TO DISCUSS THAT. CORRECT WE DO. I DON'T KNOW EXACTLY THE DATE THAT WE HAVE SCHEDULED FOR THAT ONE, BUT IT IS FORTHCOMING. AND I WILL JUST NOTE THAT THE 50 OVER 50 MATCH IS WE CURRENTLY HAVE THAT IN THE ADMINISTRATION POLICY. SO THAT'S NOT AN ADDITION. THAT IS WHAT WE CURRENTLY HAVE. SO I'M NOT SURE WHAT THE DISCUSSION WAS ON THE FIRE SUPPRESSION DISCUSSION. ON THE OTHER ITEM, WHETHER IT WAS TO KEEP IT OR REMOVE IT. BUT IT'S NOT AN ADDITION FOR US HERE TODAY. I THINK WE WERE TRYING TO LOWER THAT BAR FOR THE BUSINESS OWNERS ON THE SQUARE SO THAT GOTCHA, IT WOULDN'T BE A 50 OVER 50 MATCH. AND I GUESS I'M JUST ASKING FROM A PROCEDURAL STANDPOINT, DO WE JUST COME BACK AND AMEND THIS PART LATER OR LIKE ASK A QUESTION FOR AN ANSWER TO BE THAT FIRE SUPPRESSION ISSUE? COULD IT BE UNDER THE DISTRICT ENHANCEMENT PROJECT AND CITY? IT WOULD NOT BE BECAUSE THE WAY FIRE SUPPRESSION IS WRITTEN RIGHT NOW, IT'S PRIVATE IMPROVEMENTS. IF IT WERE CITY FUNDED, CITY INITIATED IMPROVEMENTS FOR A PRIVATE BUILDING OR LIKE THE UNDERGROUND UTILITIES FOR CITY OWNED, YOU KNOW, WITH SO ON. I'M NOT SURE I'M ENTIRELY FOLLOWING WHAT YOU'RE ASKING ME. I'M SORRY. MARK. OKAY. BUT TO YOUR POINT, MAYOR PRO TEM, WE COULD CERTAINLY BRING THAT UP AFTERWARDS. WE COULD. WE COULD COME BACK WITH IT. YEAH. WE'RE NOT AMEND IT NOW. WELL, THE WORDING OF THE LANGUAGE AS IT READS RIGHT NOW SAYS IT WILL BE EVALUATED ON A CASE BY CASE BASIS, AND IT WILL BE THE LESSER OF. SO IF THERE'S A PROJECT THAT'S LESS THAN $50,000, WE CAN ALWAYS GIVE THEM LESS, BUT WE CANNOT GIVE THEM ANY MORE UNTIL THIS COULD BE AMENDED. CORRECT.
AND NOW, NOT TO COMPLICATE THE CONVERSATION, BUT WE ALSO STILL HAVE THE MERITORIOUS EXCEPTION.
I KNOW YOU'RE LAUGHING AT ME, BUT WE DO STILL HAVE THE MERITORIOUS EXCEPTION CLAUSE AS WELL, WHICH IS ESSENTIALLY THE OPPORTUNITY FOR THE TOURIST BOARD TO SAY A PARTICULAR PROJECT IS MERITORIOUS IN NATUR. AND WE YOU HAVE THE ABILITY TO FUND IT AT WHATEVER LEVEL YOU'D LIKE. THE GREAT EXAMPLE OF THAT WAS THE FLOUR MILL REQUEST THAT CAME BEFORE YOU ALL, I THINK
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BACK IN AUGUST, AND YOU FUNDED IT OUTRIGHT WITHOUT THAT 50 OVER 50 MATCH. SO RIGHT NOW IT'S THAT A MERITORIOUS EXCEPTION CLAUSE NOT WRITTEN INTO THE POLICY OUTRIGHT, BUT WE CAN CERTAINLY AMEND THAT AT A FUTURE DATE IF THERE'S A DESIRE TO DO SO. IT'S LAUGHING AT MY PROFESSION. AND YOU WOULD MAKE AN HONORABLE MEMBER THEREOF. SO MARK MIGHT ARGUE WITH YOU. NO ARGUMENT. ANY FURTHER QUESTIONS, CONCERNS OR COMMENTS? ENTERTAIN A MOTION. MAKE A MOTION. WE APPROVE THE ITEM. I'LL SECOND. MOTION MADE BY MAYOR FULLER AND SECOND BY COUNCILMAN FRANKLIN. ALL IN FAVOR? AYE, AYE. ANY OPPOSED? MOTION PASSES. WE ARE GOING TO MOVE BACK UP ON OUR AGENDA TO[Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with Saint James Church CME for an Asbestos Abatement/Demolition Project (Environmental Remediation Project) Located at 500 North McDonald Street]
ITEM NUMBER TWO FOUR. DASH 019DA CONSIDER DISCUSS ACT ON A RESOLUTION APPROVING A CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT AND PROJECT PLAN IMPLEMENTATION AGREEMENT WITH SAINT JAMES CHURCH, CME FOR AN ASBESTOS ABATEMENT DEMOLITION PROJECT, ENVIRONMENTAL REMEDIATION PROJECT LOCATED AT 500 NORTH MCDONALD STREET. THANK YOU. ARNOLD THANK YOU, MR. CHAIRMAN. AS YOU READ, THIS IS A REQUEST FOR ENVIRONMENTAL REMEDIATION IN THIS CASE, SPECIFICALLY, IT'S FOR ASBESTOS ABATEMENT FOR THE PROPERTY AT 500 NORTH MCDONALD STREET. THE APPLICANT IS SAINT JAMES CHURCH. I KNOW THE NAME DOES SAY SAINT JAMES CHURCH. I WANT TO NOTE FOR THE RECORD THAT THE PROPERTY ITSELF IS ON THE TAX ROLLS. SO THEY ARE CONTRIBUTING TO THE TERS FUND, THE PROPERTY HAS FALLEN INTO A STATE OF DISREPAIR AND IT DOES NEED TO BE DEMOLISHED. HOWEVER, IT DOES HAVE ASBESTOS PRESENT ON THE PROPERTY AS PART OF THE DEMOLITION, THEY ARE REQUIRED TO ABATE THAT ASBESTOS AND MONITOR IT. AS THE BUILDING IS BEING DEMOLISHED. THE CHURCH IS HERE TONIGHT ASKING FOR $39,500 AND SUPPORT OF THAT ASBESTOS ABATEMENT AS PART OF THE DEMOLITION OF THE PROJECT, AS YOU CAN SEE FROM THE PHOTOS HERE, IT DEFINITELY IS IN A STATE OF DISREPAIR. THE PROJECT COST IS ELIGIBLE UNDER THE TERS PROJECT PLAN, AND BASED ON THE POLICY AMENDMENTS THAT YOU ALL JUST APPROVED, THE $39,000 REQUEST IS UNDERNEATH THAT $50,000 CAP THAT YOU ALL JUST ESTABLISHED, WHILE STAFF DOES ACKNOWLEDGE THAT THE ACTIVITIES ARE ELIGIBLE EXPENSES AND THAT THE PROPERTY DEFINITELY IS WORTHY OF THE DEMOLITION AND THE ABATEMENT NEEDS, ONE OF THE BIGGEST CONCERNS THAT WE HAVE WITH THE REQUEST IS THAT THE INTENT OF THE TERS AND THE TERS PROJECT PLAN IS TO SUPPORT REINVESTMENT AND REDEVELOPMENT OF PROPERTIES WITHIN THE TERS BOUNDARY, AS YOU NOTED OR AS I NOTED EARLIER, THIS PROJECT IS STRICTLY FOR THE ABATEMENT AND DEMOLITION OF THE STRUCTURE ON THE SITE. AND THERE ARE NO CERTAIN PLANS FOR REDEVELOPMENT OF THE SITE. BECAUSE OF THAT, WE AREN'T ABLE TO OFFER A FAVORABLE RECOMMENDATION, AND THAT IS JUST BECAUSE THERE'S JUST NOT A TIE BACK TO THE COMPLETE ACTIVITIES, TO WHAT THE PROJECT PLAN AND THE TERS DISTRICT IS ENVISIONED, OR INTENDING, SO WITH THAT, I'LL RECAP THE REQUEST AGAIN. THE APPLICANT IS ASKING FOR $39,500 IN SUPPORT OF ASBESTOS ABATEMENT AS PART OF THEIR ABATEMENT AND DEMOLITION PROJECT, BASED ON WHAT WE KNOW OF THE PROJECT AND THE LACK OF CERTAINTY FOR REDEVELOPMENT, WE AREN'T ABLE TO RECOMMEND APPROVAL. BUT I'M HAPPY TO ANSWER ANY QUESTIONS. AND I BELIEVE THAT OUR APPLICANT IS HERE AS WELL. ANY QUESTIONS OF MISS ARNOLD? JENNIFER, IF THEY HAD A DEVELOPMENT REQUEST LIKE A HOUSING PROJECT THAT THEY WERE WORKING ON, THIS WOULD BE NO ISSUE FOR US. AND KIND OF FILL IN WHERE WE'VE DONE IN THE PAST AND WHAT WE EXPECT TO DO IN THE FUTURE. YES, SIR, THE, THE WE'VE GOT THE OTHER SIDE OF THIS. WE COULD WAIT FOR A DEVELOPMENT PROJECT, BUT WE'RE ACCELERATING THE DEMOLITION BECAUSE OF CODE, CORRECT? THAT IS CORRECT. THEY DO HAVE AN ORDER FOR DEMOLITION, SO WE CAN'T WAIT AROUND FOR THEM TO DEVELOP A REDEVELOPMENT PLAN THAT FITS OUR NEEDS. WE'RE. WE'RE THE ONES ASKING FOR THIS TO BE TORN DOWN AS THE CITY, BASED ON ITS SUBSTANDARD CONDITION. BUT YES, SO. WOULD YOU NOT BELIEVE THAT THAT WOULD ENHANCE THE VALUE TO A DEVELOPER IF THEY DIDN'T HAVE TO GO TO THE COST OF TAKING THAT LITTLE BABY DOWN? UNDERSTOOD. OKAY, ANY OTHER QUESTIONS OF MISS ARNOLD? I DIDN'T SEE A MAP LIKE WE'RE. I MEAN, IS THIS A DESIRABLE LOCATION FOR HOUSING DEVELOPMENT? I DON'T KNOW, I DON'T KNOW, THIS IS THE CONSTRUCTION TRAFFIC. YOU SEE, RIGHT THERE IS SHAW'S WORK. IT[00:25:06]
IS 50FT NORTH OF LAMAR, ON THE EAST SIDE OF. HOW BIG IS THE SITE ZONING? LET ME PULL UP THE ZONING REAL QUICK ON THE SITE. IT'S IN THE IT'S IN THE TOWN CENTER. YEAH, IT'S IN THE MTC.IT'S A RELATIVELY SMALL SITE. IT IS. IT'S ONLY ABOUT A QUARTER OF AN ACRE IN SIZE, YOU KNOW, ON AN ADJACENT LOT. RALPH. YES. JENNIFER, WHILE YOU'RE LOOKING AT I HAVE A QUESTION. SO THE CITY HAS, AS DETERMINED, NEEDS TO BE DEMOLISHED, WHAT HAPPENS IN THE CASE THAT THE OWNER CAN'T AFFORD TO DEMOLISH IT? I WOULD HAVE TO DEFER THAT TO OUR LEGAL TEAM ON HOW THEY PURSUE THAT.
MIGHT. ACTUALLY, I DO KNOW THE ANSWER TO THIS. SO THE CITY ACTUALLY WOULD CONTRACT TO HAVE THE PROPERTY DEMOLISHED ON THE CITY'S DOLLAR, AND THEN A LIEN WOULD BE PLACED ON THE PROPERTY.
OTHER QUESTIONS. YEAH. MR. EVANS, ARE YOU PRESENT? YES, SI. WOULD YOU LIKE TO SPEAK TO US BRIEFLY? I'M GOING TO MAKE YOU. I'M GOING TO MAKE YOU SAY, MAY I APPROACH? HAVE SAID IT TO YOU MANY TIMES. RALPH EVANS, ON BEHALF OF SAINT JAMES CHURCH, WE'RE GOING TO ASK THAT YOU GUYS GRANT THE $39,500, TERS GRANT, FOR ONE, JUST TO LIGHTEN UP WITH THE CITY'S CODE ENFORCEMENT PEOPLE ON US, I THINK IT WOULD BE BENEFICIAL TO THE CITY AND TO THE CHURCH TO GET THIS BUILDING DOWN. AND AT THAT POINT, WE CAN GO FORWARD WITH TRYING TO DEVELOP SOMETHING ELSE. WHEN WAS YOUR CHURCH FOUNDED? THIS IS A TEST 18. WHAT YEAR ARE WE ON? 127 I THINK 127 OLDER THAN I AM, BUT FOUNDED BY FORMER SLAVES. YES, SIR. AND YOUR CHURCH IS THE HOME OF NOT ONLY THE MALVERN, BUT THE MCGOWAN, THE JOHNSON AND THE EVANS FAMILIES. WELL, NOT THE MALVERN, JUST THE EVANS, MCGOWAN AND JOHNSON. ALL THREE OF MY MISTAKE. YES, SIR. LOTS OF HISTORY. YES, SIR. CHURCH CARRIES QUITE A BIT OF HISTORIC SIGNIFICANCE HERE IN MCKINNEY. DOES IT NOT? IN MY OPINION, YES.
AND THERE ARE CURRENTLY ACTIVE PLANS TO REDEVELOP THE ACTUAL CHURCH BUILDING ITSELF, WHICH IS JUST ACROSS THE STREET. YES, SIR. IS THAT CORRECT? AND IS THERE ANY THOUGHTS OF INCORPORATING THAT LOT AS TO A PARKING LOT FOR YOUR CHURCH IN THE EVENT THAT BUILDING IS TAKEN DOWN? DISCUSSIONS HAVE BEEN HAD IN THAT AREA. THANK YOU. YES, SIR. I WILL SAY FROM MY PERSPECTIVE AND MY KNOWLEDGE OF SAINT JAMES CHURCH AND ITS HISTORIC VALUE TO THE CITY OF MCKINNEY, AND HAVING SEEN THAT BUILDING THERE FOR SOME 30 PLUS YEARS, I WOULD LIKE TO SEE IT REMOVED AND I WOULD OFFER TO SUPPORT THIS 100%, BECAUSE I THINK IT'S GOOD FOR MCKINNEY IN A NUMBER OF WAYS. THANK YOU. WE SPOKE ON THE PHONE OVER THE WEEKEND. YOU MENTIONED THAT THERE WERE A FEW POSSIBILITIES TO FOR DEVELOPMENT OF THAT LAND. CAN YOU SPEAK TO THAT A LITTLE BIT HERE? ONE OF THE SOME OF YOUR CONSIDERATIONS? YES, ONE OF THE POSSIBILITIES WOULD BE TO, TO DO A LONG, LONG TERM LEASE AGREEMENT WITH THE FINANCIAL INSTITUTION BECAUSE OF THE GROWTH THAT'S GOING THROUGH THERE. THAT WOULD BE JUST ONE OF THE POSSIBILITIES, THE OTHER WOULD BE PARKING. WHEN WE REFURBISH THE CHURCH ITSELF, I THINK THE BIGGEST HEADACHE WE HAVE NOW IS JUST TO GET THIS BUILDING DOWN. NOT ONLY FOR OUR SAKE, BUT FROM THE CITY'S. THE PRESSURE THAT WE'VE BEEN GETTING FROM THE CITY AS WELL. WOULD, I KNOW THAT YOU DON'T HAVE A FIRM PLAN YET, BUT YOU'RE LOOKING AT VARIOUS PLANS. YES YOU KNOW, I AM INCLINED TO WANT TO SUPPORT THIS FOR REASONS, AROUND THE CONVERSATION THAT COUNCILMAN PHILLIPS JUST HAD WITH YOU, OF COURSE, IF I'M LOOKING AT THIS PURELY AS A TOURIST BOARD, THERE'S NO REDEVELOPMENT.
THERE'S NO NO DEVELOPMENT PLAN. THERE'S NO AD VALOREM VALUE THAT WILL COME BACK INTO THE CITY IF WE JUST TEAR IT DOWN. THOUGH I CAN ALSO SAY, THOUGH, THERE'S A THERE IS A VALUE IN JUST QUITE FRANKLY, NOT HAVING THE STRUCTURE THERE. WELL, BUT BUT WHAT I'M GOING TO GET TO IS WOULD YOU BE, I MEAN, I'D BE INCLINED TO SUPPORT IT IF THERE WAS SOME COMMITMENT THAT WITHIN
[00:30:01]
SIX MONTHS OR A YEAR THERE'D BE A DEVELOPMENT PLAN, PUT FORTH. I MEAN, IT'S YOUR DECISION, BUT I WILL SAY THAT WE'RE WE ARE PAYING TAXES ON THIS PROPERTY STILL AT THIS TIME, RIGHT NOW.SO IT'S NOT QUITE TRUE. THERE'S NO BENEFIT TO THE CITY OF MCKINNEY. BUT I'M JUST SAYING THERE'S NO ADDITIONAL BENEFIT. NO ADDITIONAL BENEFIT. SO I COULD MAKE THE ARGUMENT THE LAND WOULD BE MORE VALUABLE ABSENT THIS. SO I COULD ACTUALLY BE TALKING ARGUMENT SAYING IT INCREASES. SO YES. NO, I UNDERSTAND ALL THE ISSUES JUSTIN YOU SUPPORT. IS THAT WHAT YOU'R.
YEAH, ABSOLUTELY. I THINK WE'RE WE'RE CREATING AND WE WANT THE OUTCOME THAT'S COMING HERE. AND YOU KNOW WHETHER WHETHER THE CHURCH DOES THAT IN SIX MONTHS OR 12 MONTHS OR WHENEVER THEY GET THE ABILITY TO DO THAT, I DON'T WANT TO PUT A TIME FRAME ON THEM, YOU KNOW, WE'RE ALL EVERYBODY ULTIMATELY WANTS A GOOD OUTCOME HERE FOR THIS SITE AND A GOOD USE FOR THIS SITE.
AND I WANT IT TO BENEFIT THE CHURCH AND NOT BE, BOTHERSOME TO US ANYMORE. SO I'M I'M IN FAVOR OF THE FULL AMOUNT AND I'LL MAKE A MOTION FOR THAT SECOND MOTION MADE BY COUNCILMAN BUTLER, SECOND BY MAYOR PRO TEM FELTUS. ALL IN FAVOR? AYE. ANY OPPOSED? CONGRATULATIONS, MR. EVANS.
THANK YOU. THANK YOU. AND THE CHURCH FOR ALL YOU DO FOR THE COMMUNITY, SIR. THANK YOU. WE'LL
[Consider/Discuss/Act on a Resolution Authorizing the Execution of a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with TUPPS Brewery for a Build Your Own Business Project (Innovation/Pilot Project) Located at 402 East Louisiana Street]
MOVE ON TO ITEM NUMBER 24-022 DA. CONSIDER DISCUSS, ACT ON A RESOLUTION AUTHORIZING THE EXECUTION OF A CHAPTER 380 ECONOMIC DEVELOPMENT AGREEMENT AND PROJECT PLAN IMPLEMENTATION AGREEMENT WITH TUPPS BREWERY FOR A BUILD YOUR OWN BUSINESS PROJECT INNOVATION SLASH PILOT PROJECT LOCATED AT 402 EAST LOUISIANA STREET. MISS ARNOLD, THANK YOU, MR. CHAIRMAN. THANK YOU, SO THIS IS A DIFFERENT KIND OF REQUEST. SO YOU'RE GOING TO SEE IT READ A LITTLE BIT DIFFERENTLY THAN OUR USUAL REQUESTS, AS YOU READ IN THE TITLE, THIS IS A REQUEST FOR TOURIST FUNDING FOR AN INNOVATION AND PILOT PROJECT, WHICH WAS JUST PREVIOUSLY RECOMMENDED FOR APPROVAL BY THE TOURIST BOARD, TUPPS IS HERE REQUESTING $120,000 TO LAUNCH WHAT THEY CALLED A BYOB OR A BUILD YOUR OWN BUSINESS IN SIX OF THE VACANT SILOS THAT ARE ON THE OVERALL TUPPS SITE, THEY WOULD BE ABLE TO UTILIZE THAT FUNDING TO SUPPORT SMALLER BUSINESSES TO GO IN AND INVEST IN A SMALL BUSINESS SPACE THAT WOULD RANGE FROM, YOU KNOW, PLANT NURSERIES WHERE YOU CAN BUILD YOUR OWN PLANT BEDS TO OTHER TYPES OF BUSINESSES THAT ARE SIMILAR. BECAUSE THIS IS A RELATIVELY NEW, WELL, NOT RELATIVELY NEW. IT'S BRAND NEW PROJECT CATEGORY. WE DON'T HAVE A VALUATION CRITERIA FOR IT ESTABLISHED AS OF YET, STAFF IS NOT MAKING A RECOMMENDATION ON THIS ONE. WE ARE ASKING THAT YOU, AS THE TOUR'S BOARD, TO CONSIDER WHETHER OR NOT THIS IS A PARTICULAR PROJECT THAT YOU WOULD LIKE TO PILOT, NO PUN INTENDED FOR THIS NEW PROJECT CATEGORY. BASED ON THE INFORMATION PROVIDED BY TUPPS, THEY ESTIMATE THAT IT WOULD COST ABOUT $20,000 TO FINISH OUT EACH ONE OF THE BINS, FOR THOSE SMALL INCUBATOR SPACES, THE FINISH OUT WOULD ALLOW FOR THINGS LIKE HVA, PLUMBING, ELECTRICAL, AND LIGHTING, AND SOME INSULATION AS WELL. SO YOU CAN SEE SOME OF THOSE SILOS ON THE PROPERTY RIGHT NOW. WE DO THINK IT'S A UNIQUE OPPORTUNITY TO SUPPORT AN EXISTING, YOU KNOW, NOTEWORTHY PROJECT ALREADY IN THE DOWNTOWN AREA. WE ALSO THINK IT'S INTERESTING TO BE ABLE TO SEE HOW THOSE SILOS CAN BE REIMAGINED FOR SMALL BUSINESSES, WHICH ARE SOME OF THE IMPACTS THAT WE'VE OUTLINED HERE. ONE THING I WANT TO NOTE, AND IT'S NOT UP ON THE SLIDE, BUT IT IS IN YOUR STAFF REPORT, WHILE THE TOURS BOARD DID APPROVE THE AMENDMENTS TO THE PROJECT PLAN, THOSE PROJECT PLAN AMENDMENTS STILL ALSO NEED TO BE APPROVED BY THE CITY COUNCIL. SO YOU WILL SEE ON THE STAFF RECOMMENDATION THAT, ANY APPROVAL OF THIS ITEM BY THE TOURIST BOARD WOULD NEED TO BE CONDITIONED ON THE FACT THAT, NUMBER ONE, THE TOURIST BOARD AMENDED THE PROJECT PLAN AND THE CITY COUNCIL ALSO AMENDED THAT PROJECT PLAN. AND THEN, OF COURSE, OUR TEAM, AS WELL AS THE LEGAL TEAM WOULD NEED TO GET TO WORK ON EXECUTING A BONA FIDE 380 AGREEMENT. SO THIS ONE READS A LITTLE BIT DIFFERENT JUST BECAUSE IT'S A LITTLE BIT NEWER AND A LITTLE BIT MORE UNIQUE. BUT THOSE ARE THE MERITS OF THE PROJECT. AS WE SEE, AND I KNOW OUR APPLICANTS HERE AS WELL. SO WE'RE HAPPY TO ANSWER ANY QUESTIONS. WE HAVE POTENTIAL BUSINESSES THAT ARE WAITING ON THESE TO BE COMPLETED. SEVERAL SEVERAL. YES, SIR. CAN YOU GIVE US SOME EXAMPLES OEXF THOSE? I'LL DEFER. YEAH I'LL DEFER. I KNOW, I KNOW ONE AT LEAST IS A IS A PLANT BA.I BELIEVE THERE MAY ALSO BE A COFFEE BAR AS WELL, BUT I'LL DEFER THAT TO THE APPLICANT.
SURE AND WHY WOULDN'T THOSE BUSINESSES COME TO US DIRECTLY FOR FUNDING TO BUILD OUT THEIR
[00:35:03]
SPACE? IF THEY SIGN A LEASE AND THEN COME IN FOR FFA IMPROVEMENTS? SO THE WAY THAT THE PROJECT PLAN IS WRITTEN CURRENTLY, EVEN WITH THE AMENDMENTS, THOSE ECONOMIC DEVELOPMENT PROJECTS. SO THE TERM PROJECT PLAN IS CRITICAL MAINTENANCE, FIRE SUPPRESSION, FACADE IMPROVEMENT. IT'S GOT A VERY SPECIFIC LIST OF ELIGIBLE EXPENSES. THE FINISHING OUT OF VACANT SPACES IS NOT AN EXPLICIT ITEM ON THAT LIST. AND SO RATHER THAN INCORPORATING THAT AND GETTING INTO THE BUSINESS OF WHAT ECONOMIC DEVELOPMENT PROJECTS WOULD THE BOARD WANT TO FUND VERSUS WHICH ONES THEY WOULDN'T WANT TO FUND THIS INNOVATION AND PILOT PROJECT CATEGORY ALLOWS FOR REQUESTS LIKE THIS TO COME FORWARD. AND TO EXPLAIN THE BENEFIT OF THE PROJECT AND THE INNOVATION OF THE PROJECT, AND LET THE TOURIST BOARD DECIDE MORE HOLISTICALLY, AS OPPOSED TO ON A BUSINESS BY BUSINESS BASIS. AND FOR WHAT YOU SAID, WE DIDN'T DO ANY CRITERIA OR ESTIMATING OF WHAT THE RETURN IS, BUT THIS IS A PUBLICLY OWNED SITE, SO THERE'S NO AD VALOREM VALUE. AND SO WE EXPECT THERE TO BE A PROPERTY TAX. I MEAN, A SALES TAX BENEFIT. DO WE KNOW WHAT'S NEEDED OR WHAT, LIKE A COMPARISON OF WE'RE SPENDING 2020 000 PER SILO, WHAT TYPE OF REVENUE WOULD HAVE TO BE RECEIVED ON THAT TO REIMBURSE THE TOURS? WE DID NOT LOOK AT? EXCUSE ME. WE DID NOT EVALUATE THAT WITH THIS PARTICULAR REQUEST. I WOULD SAY, THOUGH, IF YOU WERE TO EVALUATE THAT, MY GUESS IS THAT YOU WOULD EVALUATE IT NOT JUST ON THE INDIVIDUAL BUSINESSES, BUT THE IDEA THAT THIS KIND OF SYNERGY GETS CREATED AND THEN AN ENHANCEMENT TO THE SITE THAT OF COURSE, WE ARE ALREADY INVESTED IN, WHEN YOU TALK ABOUT COFFEE SHOPS, PLANT SHOPS, WHATNOT, THAT'S MORE PEOPLE JUST IN GENERAL COMING. IT'S LIKE BRINGING A FARMER'S MARKET TO NEAR THE DOWNTOWN AREA. YOU HAVE NOT JUST THE SALES THAT HAPPEN THERE, BUT THE FACT THAT YOU BRING IN PEOPLE TO THE ESTABLISHED BUSINESSES AS WELL. SO I WOULD IMAGINE THAT IF WE WERE GOING TO REALLY TRY TO QUANTIFY THAT, IT WOULD IT WOULD HAVE TO BE, CONSIDERING THAT AS WELL. RIGHT. THERE'S A NUMBERS AND DOLLARS PART TO IT, BUT THERE'S ALSO THE SYMBIOTIC RELATIONSHIP THAT COULD BE HAD BETWEEN AND THE INTRINSIC VALUE THAT CAN COME FROM FINISHING OUT THESE SILOS ON AN EXISTING SITE THAT'S ALREADY SORT OF A FAMILY THAT MIGHT NOT GENERALLY GO TO TUPPS JUST THINKING IN TERMS OF IT BEING A BREWERY NOW IS LURED BY SIX DIFFERENT SMALL NEW BUSINESSES AND WHATNOT, WITH WITH THINGS VARYING OUTSIDE OF A BREWERY, RIGHT. MIGHT BE A CONSIDERATION. IS THIS A MATCHING GRANT? IT IS NOT. THIS IS OKAY. THERE'S A TAXABLE TAX ON THIS ON THE 20,000 ON THE ON THE ON THE ENTIRE PROJECT. I SEE LIKE SIX TIN CANS HERE. I'M LIKE WE'RE GOING TO THROW 20 GRAND APIECE IN THEM. SO DOES THIS STILL IS THIS STILL OWNED BY THE CDC. IS THIS PART OF THE CDC WILL OWN THIS? YES, SIR. OKAY ARE THEY LEASED TO THE THIRD PARTIES OR ARE THEY PROVIDED? SO I'M SORRY. IT WOULD BE A SUBLEASE, BUT DO WE KNOW THE RATES OR WHAT THAT IS NOT. YEAH, I DON'T KNOW THAT. HEY KEITH, ARE YOU READY FOR THE APPLICANT? THIS IS SQUARE FOOTAGE OF EACH OF THOSE BINS. YES KEITH LEWIS, OWNER FOUNDER OF TOPS, AND I'M MEREDITH STOCKMEYER. I'M GOING TO BE LEASING ONE OF THE BINS, SO I WOULD START BY SAYING THAT WHEN WE ORIGINALLY WORKED WITH CINDY ON THIS PROJECT, THIS WAS REALLY, YOU KNOW, IT'S KIND OF A CATCHY LITTLE THING, A BYOB, NOT BRING YOUR OWN BEER, BUT BUILD YOUR OWN BUSINESS. SO TOPS STARTED OUT OF OUR MY GARAGE AND WE BUILT THE BUSINESS. BUT A LOT OF PEOPLE DON'T HAVE THAT OPPORTUNITY. AND THEY NEED SOMETHING FROM A RETAIL BASE. SO WHEN WE TALKED TO, CDC, WE CAME UP WITH A PROGRAM THAT WAS GOING TO BE SOMETHING THAT WOULD REALLY ADD VALUE TO THE COMMUNITY AND ACTUALLY BE I KIND OF VIEW IT AS A AS A GRASSROOTS INCUBATOR FOR SMALL BUSINESSES. IT SEEMS LIKE EVERYBODY DOES HIGH TECH INCUBATORS, BUT THIS IS MORE GRASSROOTS AND EVERYTHING. SO MEREDITH HAS BEEN EXTREMELY AGGRESSIVE IN KIND OF RUNNING THE TRAPS ON THIS. I THINK MAYBE MORE. AND I AGREE WITH YOUR COMMENT. IT SEEMS LIKE A LOT OF MONEY FOR TO TAKE A TIN CAN AND MAKE IT INHABITABLE. BUT WHEN WE LOOKED AT IT AND MEREDITH KIND OF WENT AND RAN THE TRAPS, IT'S EXPENSIVE TO MAKE IT SO THAT YOU CAN OCCUPY THE SPACE WITH AIR CONDITIONING. SO I VIEW IT AS WE WERE KIND OF REQUESTED TO SEE IF TUPPS COULD SOMEHOW PROJECT, MANAGE THIS, TO WHERE ALL OF THEM COULD BE DONE AT THE SAME TIME. THAT WAY, ALL[00:40:06]
OF THE TENANTS COULD REAP THE BENEFITS RATHER THAN ONES AND TWOS. AND THEN IT'S A LOT OF MONEY FOR AN INDIVIDUAL SMALL BUSINESS. AND, I THINK IT'S CRITICAL OF HELPING THIS PROGRAM LIVE AND THRIVE. SO YEAH, WE THOUGHT WE COULD HANDLE IT AT FIRST, BUT THE MORE WE GOT BIDS, IT JUST GOT BIGGER AND BIGGER AND WE'RE RESPONSIBLE FOR FINISHING IT OUT. SO I'M COMING TO YOU BECAUSE WE CAN'T WE CAN'T DO IT. SO IT JUST NEEDS TO BE HABITABLE. IT'S THERE'S NO INSULATION OR FRAMING OR A DOOR. SO IF WE COULD JUST GET IN THERE AND START BUSINESS, IT WOULD BE REALLY, REALLY WONDERFUL AND AMAZING. IT'S A GREAT OPPORTUNITY FOR SMALL BUSINESSES IN MCKINNEY. WHAT'S THE SIZE OF THESE? WHAT'S THE SQUARE FOOTAGE ON THE INSIDE? IT'S 18 FOOT SQUARE. IT'S 18 FOOT DIAMETER. I THINK IT'S 256FT■S OR SOMETHING LIKE THAT. IT'S 255FT■S. YEAH.AND THAT THE TENANTS PAY IS $750 A MONTH TO OCCUPY THE SPACE. SO WE MADE IT AFFORDABLE. AND THEN I THINK LONG TERM, I MEAN, ONE THING WE HAD TALKED ABOUT WAS IS THAT WHAT'S THE END GAME HERE? THE END GAME WOULD BE IS IF, LIKE MEREDITH STARTS HER BUSINESS AND THEN EVENTUALLY SHE GOES AND OPENS RETAIL STORES ALL OVER THE US, THAT WOULD BE WONDERFUL. SO THEY'RE NOT THEY'RE NOT IT'S NOT LIFETIME DANCING LESSONS HERE, HOPEFULLY THAT THESE SMALL BUSINESSES CAN GROW AND MATURE AND THRIVE. YEAH, IT GIVES US A CHANCE TO, YOU KNOW, SEE WHAT WE CAN DO.
IT'S A STAY AT HOME MOMS THAT MAKE CANDLES OR JEWELRY OR, YOU KNOW, THOSE HARD WORKERS AT HOME THEY HAVE THEY'LL HAVE A CHANCE TO HAVE A SPACE WHERE THEY CAN HAVE AN OPPORTUNITY ANYWHERE ELSE. THEY CAN'T LEASE SOME BIG SPACE IN DOWNTOWN MCKINNEY AND FILL IT WITH INVENTORY. SO THIS IS A SMALL SPACE THAT'S MANAGEABLE FOR SMALL BUSINESS LIKE US. DO YOU HAVE AN ESTIMATE OF WHAT YOU THINK SALES WOULD BE OUT OF THIS THING IN A YEAR, I'M I'M BUILDING MY BUSINESS OFF THE GROUND, SO I REALLY FOR ME, I DON'T SOME OF THE OTHER BUSINESSES ARE ESTABLISHED A LITTLE BIT RIGHT NOW. THEY HAVE LIKE A CIGAR BUSINESS THAT'S, HE HAS A TRAILER AND, THERE'S A IS A CAKE LADY. IS SHE COMING BACK? NO. THE TWO FOOD VENDORS DROPPED OUT PRIMARILY BECAUSE OF THE INFRASTRUCTURE, BUT THERE'S A COUPLE THAT HAVE SIMPLE SIRUPS. THEY'RE ALREADY THEY'RE THEY'RE IN BUSINESS AND FIELDS OF FIDELIS. THEY HAVE A LAVENDER FARM. SO THEY'RE ALL RUNNING RIGHT NOW DOING SOMETHING ON THE SIDE, TRAVELING OR DOING THE FARMER'S MARKET AND MINDS. I'M OFF THE GROUND STARTING MY BUSINESS. I BUILT IT FOR TUPPS, BASICALLY. BUT WE'RE EXPECTING THESE BUSINESSES TO RUN THROUGHOUT THE WEEK AND THE WEEKEND. THIS IS NOT LIKE FARMERS MARKET STYLE. I WOULD LIKE TO BE OPEN AS MUCH AS I CA, I THINK THAT, WE'LL PLAY IT BY EAR, YOU KNOW, SEE HOW BUSY IT IS, LIKE, SAY, ON A TUESDAY AND MAYBE MONDAYS. THEY'RE CLOSED, DEFINITELY. THURSDAY, FRIDAY, SATURDAY AND SUNDAY. YOU KNOW, WE HOPEFULLY I WOULD LIKE TO BE OPEN AS MUCH AS I CAN. WE INTENTIONALLY DESIGNED IT SO THAT IT DIDN'T PUT A BURDEN, YOU KNOW, LIKE, LIKE IF YOU GO TO SOME FARMERS MARKETS OR EVEN THE ONE OFF OF 380 AND YOU HAVE TO BE THERE, EVEN IF IT'S POURING RAIN, AND I DON'T THINK WE'RE GOING TO DO THAT, WE WANT TO MAKE SURE THAT IT'S WARM AND FRIENDLY AND EVERYTHING. SO, BUT YEAH, I MEAN, IF THERE'S, IF THERE'S PEOPLE OUT THERE, I THINK THEY'LL KILL IT FRIDAY, SATURDAY. AND SUNDAY, TUESDAY, WEDNESDAY, THURSDAY, IT'LL PROBABLY BE TAKE INVENTORY AND RESTOCK AND THEN KILL IT ON THE WEEKENDS. SO OKAY. AND LIKE WE SAID, IT'LL BE YOU KNOW, I THINK OUR LEASE FOR NOW IS FOR TWO YEARS WITH AN OPTION FOR ANOTHER YEAR, BUT EVENTUALLY, YOU KNOW, WE'LL EITHER DECIDE, YOU KNOW, THIS ISN'T FOR US OR WE'RE GOING TO MOVE ON TO SOMETHING BIGGER AND BETTER AND SOMEONE ELSE WILL GET TO COME IN THERE AND HAVE AN OPPORTUNITY TO HAVE THAT SPACE. I'VE GOT A QUESTION FOR CINDY.
IF SHE DOESN'T MIND COMING UP, WHAT IS THE DIAMETER OF ONE OF THESE BINS? 18, 18FT? WHY WOULDN'T THE CDC FUND THIS ON THEIR PROPERTY? BECAUSE THEY'RE RETAIL BUSINESSES. WE ARE LIMITED TO EXTERIOR INFRASTRUCTURE. AND WHAT WE'RE TALKING ABOUT ON THESE IS INTERIOR INSULATION, HVAC AND OTHER ITEMS TO MAKE THEM HABITABLE. SO THAT WOULD BE FOR AN APPLICATION FOR THEM INDIVIDUALLY. BUT SINCE THE APPLICATION IS COMING FROM TUBBS, THEY'RE YOUR TENANT ON THE PROPERTY RIGHT? TUBBS IS. YES. SO I MEAN, WE'VE ALREADY FUNDED ALL THEIR INTERNAL WE'VE FUNDED THEIR INFRASTRUCTURE. RIGHT SO THAT'S WHAT I'M GETTING AT, IS WHY WOULDN'T IT COME TO YOU ALL? WHY WOULDN'T THE RETAIL BUSINESS? WE'RE LIMITED TO WHAT WE CAN DO. AND THIS DOESN'T FIT WITHIN WHAT WE CAN DO UNDER UNDER STATE GUIDELINES. BUT IT
[00:45:03]
DOESN'T LIMIT YOU INSIDE THE TAPROOM. LIKE, I MEAN, SINCE THEY OWN IT AND THEY'RE SUBLEASING IT, THAT YOU'RE NOT DEALING WITH THE INDIVIDUAL RETAIL CLIENTS, YOU'RE DEALING WITH TUBBS. RIGHT? WE'RE DEALIN. TUBBS IS OUR TENANT. THESE EXCUSE ME, ARE THEIR, THEY HAVE SUBLEASES WITH TUBBS TO CREATE THOSE BUSINESSES. IS THERE ANYTHING, MARK, IS THERE ANYTHING THAT WOULD RESTRICT CDC FROM DOING THIS AS AN AMENDMENT TO THE TUBBS PROJECT? RIGHT, THE TUBBS CDC OWNS THE BUILDING. THANK YOU. AND I KIND OF ALLUDED TO THIS IN THE POLICY PLAN, BUT WE'RE KIND OF MAKING UP RULES HERE TO GIVE MORE MONEY OUT AND USING A NEW TOOL THAT WE'VE JUST CREATED. AND WE'RE NOT QUANTIFYING IN ANY WAY. AND I MEAN, JUST TO QUANTIFY THIS, EACH ONE OF THESE BINS WOULD HAVE TO MAKE $200,000 IN ANNUAL REVENUE TO REIMBURSE US THROUGH OUR 1% SALES TAX OVER TEN YEARS. AND I MEAN, THE RENT ALONE. TUBBS RECEIVES $54,000 A YEAR, AND IT WOULD TAKE $200,000 IN INDIVIDUAL BIN SALES TO REIMBURSE US IN TEN YEARS ON A ON A WEEKEND SALES VENTURE. AND SO I, I STRUGGLE WITH KIND OF COMING TO THIS, THAT THIS IS THE ULTIMATE PLACE WHERE THIS GETS PLACED BECAUSE WE'VE WE'VE GOT. Y'ALL OWN THIS LAND. WE PAID FOR THE PARKING LOT. Y'ALL GOT THE LEASEHOLD IMPROVEMENTS. WE DID IMPROVEMENTS. Y'ALL GOT ANOTHER LOAN ON IT. AND NOW HERS IS GOING TO ADD MORE. MONEY INTO THIS POT. WHAT'S OUR TOTAL IN THIS SITE RIGHT NOW OR DO YOU KNOW THE ANSWER TO THAT 16 MILLION. DOES THAT INCLUDE THE LAND COST AND THE PARKING LOT COST? THAT'S JUST THE PROJECT. IT'S JUST THE IMPROVEMENTS.WITHOUT THE PARKING LOT AND WITHOUT THE LAND PARKING AND CITY. RIGHT, RIGHT. CITY PARK.
BUT IT BENEFITS THE SITE. YEAH WE ALTERED THE ORDINANCE TO ALLOW IT TO BENEFIT THE SITE.
RIGHT. I STRUGGLE WITH JUST MAKING UP A RULE SO THAT WE CAN GIVE MORE MONEY OUT. AND THIS IS I'M NOT TALKING TO YOU. YOU'RE STANDING THERE, BUT, SO I'M I'M I'M A NO ON THIS. AND I WAS A NO FOR CHANGING IT. I DO THINK THAT WE NEED TO FIND WAYS TO UTILIZE TOURS, BUT I DON'T KNOW THAT THIS IS IT. SO I'LL I THINK OPPOSITE. I THINK THAT FIRST OFF WE'RE GOING TO TALK ABOUT QUANTIFYING. IT'S NOT $200,000 A YEAR IN EACH BIN BECAUSE WE ALSO COLLECT, OF COURSE, 2% OF TOTAL SALES AT AT TUFTS. AND I BELIEVE THAT JUST AS A FARMER'S MARKET BRINGS PEOPLE DENSITY TO SURROUNDING BUSINESSES, I THINK THIS DOES AS WELL, FOR ME, IT'S NOT ABOUT THAT. WE'RE JUST MAKING UP RULES. I THINK THAT THERE WAS AN OPPORTUNITY AND THERE WAS SOME VISION TO SEE AND AN OPPORTUNITY TO CREATE A CATEGORY FOR PILOT NEW BUSINESSES THAT ARE CATALYSTS, IN ESSENCE, CATALYST SMALL, BE IT ALBEIT, BUT CATALYST PROJECTS, IT'S CERTAINLY A PROJECT THAT ENHANCES SOMETHING THE CITY HAS ALREADY INVESTED IN, I THINK IT ENHANCES BUSINESS AND SALES OF TUFTS TO HAVE THESE OTHER COMPLEMENTARY BUSINESSES. SO WE'RE GOING FROM JUST A BREWERY SITE NOW TO A BREWERY SITE THAT HAS A COFFEE COMPONENT, A PLANT COMPONENT, AND A CIGAR COMPONENT, WHATEVER THOSE COMPONENTS ARE. AND IT ENHANCES THE APPEAL OF A BUSINESS AND A SITE THAT WE'RE WE'RE IN. AND AGAIN, PLUS WE COLLECT 2% OF THEIR GROSS SALES.
SO I SEE THIS AS A GREAT OPPORTUNITY. AND I LOVE THE ANALOGY THAT YOU GAVE BRUCE OF.
IT'S A PILOT PROGRAM, AND I SEE THE MERITS OF THE WORLD HOPEFULLY HAVING SUCCESS THERE AND THEN OPENING A BUSINESS HERE IN MCKINNEY AS THEY EXPAND IN US HELPING NEW BUSINESSES, YOU KNOW, GET, GET, GET A FOOTING AND GROW. BUT AT THE SAME TIME, I BELIEVE THAT THERE IS A FISCAL BENEFIT AND THAT IT'S A IT'S A DRAW AND APPEAL OF OTHER BUSINESSES TO A, TO A BUSINESS THAT WE'RE INVESTED IN THAT COMPLETELY COMPLEMENTS WHAT'S BEING DONE THERE. NOW JENNIFER, ASK A QUESTION. IS THERE GOING TO BE RETAIL ESTABLISHMENTS? AND I FIGURED THERE ARE ABOUT 254FTS
[00:50:08]
EACH. IF THEY ARE ONE STORY, WHAT IS THE PLUMBING REQUIREMENT FOR THAT? I HAVE NO IDEA, SIR. I COULD NOT TELL YOU THAT, WE CAN CERTAINLY. AND SO, IF THERE ARE ADDITIONAL QUESTIONS, WE CAN CERTAINLY REACH OUT TO OUR COUNTERPARTS AND BUILDING INSPECTIONS AND FIRE TO KNOW WHAT SORT OF IMPROVEMENTS WOULD BE REQUIRED, THE $20,000 ESTIMATE WAS BASED ON THE INFORMATION PROVIDED TO US FROM AND THROUGH TAPS ON THE NOTED IMPROVEMENTS THAT WOULD BE NECESSARY, BUT WE DID NOT COST CHECK OR CODE CHECK WHAT WOULD BE REQUIRED. SO THERE THERE'S HAD SOME INSIGHT TO THAT BECAUSE I WAS APPROACHED TO FINISH OUT ONE OF THESE SITES, WHICH I'M NOT DOING, BY THE WAY, SO THERE'S NO CONFLICT HERE, BUT IT WAS IT WAS A VERY, VERY EXPENSIVE. AND THE ABILITY FOR THEM TO GET THIS DONE AT 20 IS PURELY FROM THE FACT OR BECAUSE OF THE FACT THAT THEY'RE GOING TO DO ALL SIX TOGETHER, AND PRICING IT OUT. AND I WAS WILLING TO JUST DO IT TO HELP THE BUSINESS. I WASN'T CHARGING ANYTHING FOR ME TO DO IT, IT WAS A CONSIDERABLY MORE THAN $20,000 TO DO A SINGLE UNIT. SO AND THAT WAS ME LEANING ON VARIOUS TRADES AGAIN, MAKING THEM AWARE THIS WAS A NONPROFIT ENDEAVOR FOR ME. AND I WAS ASKING THEM TO BE AS AGGRESSIVE AS THEY COULD. SO FROM THE FROM A REAL WORLD, YOU KNOW, EXPERIENCE THAT I HAD IN THE BUSINESS, I'VE PRICE CHECKED IT FROM THAT STANDPOINT, FOR WHATEVER THAT'S WORTH. SO MY PERSPECTIVE IS I DO NOT DISAGREE THAT THIS IS A GREAT PROJECT, A LOT OF POTENTIAL. IT'S INNOVATIVE. IT'S UNIQUE. I LIKE THAT PART OF IT. BUT I THINK WHAT I AGREE WITH JUSTIN, IN THE SENSE THAT WE HAVE TO LOOK AT WHAT IS THE MOST APPROPRIATE FUNDING SOURCE, AND I AGREE WITH HIM THAT I, I THINK IT WOULD BE BETTER FOR THE CDC TO MAKE THIS INVESTMENT AND MAYBE SOME OF THE SHARE OF THE RENT THAT ALSO COMES OUT OF THIS. THIS HAS BEEN A VERY COMPLEX PROJECT THAT WE HAVE GONE THROUGH OVER THE LAST FEW YEARS HERE TO COMPLETE A LOT OF HURDLES THAT WE'VE GOTTEN OVER. GLAD TO SEE THAT IT'S OPEN, OPERATIONAL AND A VERY POPULAR PLACE FOR PEOPLE TO VISIT. BUT I THINK IN TERMS OF THE TOTAL PROJECT, THE SCOPE OF THE PROJECT, WHAT'S INCLUDED ON THAT PROPERTY, IT'S MOST APPROPRIATE TO KEEP IT WITH CDC, SINCE SO MUCH OF THE FUNDING HAS COME FROM THERE. I'M NOT SURE THAT IT WOULDN'T BE APPROPRIATE FOR THE EDC, SINCE IT'S COMMERCIAL SPACES THAT YOU'RE LEASING. CINDY, WHAT WILL YOUR APPETITE BE FOR THIS IF THAT'S THE WAY IT GOES UP HERE, I WOULD NEED TO HAVE A CONVERSATION WITH THE BOARD ABOUT IT. YOU KNOW, I THINK THIS COUNCIL OR THIS BOAR, NEEDS MORE INFORMATION BEFORE WE PUT IT TO A VOTE. AND I WOULD LIKE TO DISCUSS TABLING THIS ITEM UNTIL WE HAVE MORE INFORMATION ON IT. BUT ONE OF MY PRIMARY CONCERNS IS THAT WE DON'T WE WIND UP BUILDING A COMMON AREA, A RESTROOM FOR ALL SIX OF THE PLACES, AND THE PRICE DOUBLES. OR WE HAVE TO PLUMB EACH ONE OF THE SIX AND PRICE DOUBLES. YEAH, I WANT TO MAKE SURE THAT WE HAVE A SUCCESSFUL PROJECT AND WE DON'T FUND A PARTIAL COMPLETION IS MY REASONS FOR REQUESTING THAT WE CONSIDER TABLING THIS ITEM. NOW. I'M GOOD WITH TABLING IT AND HAVE MORE DISCUSSION AND TO THINK THROUGH IT. IT'S A GOOD PROJECT. I MEAN, WHEN I, I CHAIRED THE EDC, YOU KNOW, WE HAD AN IDEA FOR THE INNOVATION FUND AND IT WAS THERE WAS NO YOU KNOW, WHAT WAS THE AD VALOREM TAX VALUE GOING TO BE ON THAT? WE KNEW WHAT WE WERE GETTING INTO. IT WAS, YOU KNOW, FUNDING STARTUPS AND, YOU KNOW, IN THE HOPES THAT ONE OF THESE STARTUPS, YOU KNOW, HAVE A SIGNIFICANT IMPACT ON THE CITY AND I DO SEE THIS AS AN INNOVATION FOR SMALL BUSINESS, WHICH WE YOU KNOW, I'M AN ADVOCATE FOR, FOR DOWNTOWN. I MEAN, I REALLY DON'T HAVE ANY PROBLEM WITH IT. I JUST WANT SOME SOME PARAMETERS AROUND. WE HAVE OUR OWNER, WHICH IS THE CDC. I JUST DON'T WANT THIS TO BE SOMETHING ELSE BESIDES SMALL BUSINESS INCUBATOR SPOTS. YOU KNOW? SO IF THERE'S A MARK, I DON'T KNOW IF WE COULD. I THINK I WOULD BE ON BOARD IF WE COULD, LIKE, AMEND IF THERE IS AN AMENDMENT TO THE LEASE OR SOMETHING THAT SAYS THAT THESE CAN ONLY BE SPOTS FOR SMALL[00:55:03]
BUSINESSES, THIS CAN'T TURN AROUND AND THEN BE A BAR BOOTH OR SOMETHING LIKE THAT, BECAUSE AFTER WE PUT THIS MONEY INTO IT, THOSE TERMS COULD BE IN A CHURCH AGREEMENT, RIGHT? I MEAN, THAT'S A GREAT POINT. I THINK I'M ON BOARD. IF I CAN IF I CAN BE ASSURED THAT THIS IS GOING TO BE FOR SMALL BUSINESSES AND ONLY SMALL BUSINESSES THAT CAN GO IN THERE. I THINK I CAN GET THAT COULD BE INCORPORATED IF AND AGAIN, IF YOU WANT A TABLE, I'M FINE WITH THAT. I AM CAN I ASK THE APPLICANT A QUESTION AGAIN, BRUCE. THE QUESTION IS IT WAS A GOOD POINT, CHARLIE MADE. IS THERE THE WHAT IS THE BATHROOM SITUATION? QUITE FRANKLY, THE RESTROOM SITUATION FOR? I GUESS IT WOULD BE THE SAME AS THE PATRONS. AS I'M ASKING THE QUESTION, I'M REALIZING THAT WOULD BE THE ANSWER, I GUESS. YEAH, WE HAVE 32 BATHROOMS ON SITE, AND I THINK IN PART OF THE ANALYSIS, THERE WAS SOME ACCOMMODATION FOR BATHROOMS THAT WERE A CERTAIN NUMBER OF FEET FROM THE BINS AND THEY QUALIFIED. I THINK, AS I UNDERSTAND IT. SO I ALSO WANTED TO YOU WERE TALKING ABOUT PLUMBING AND WHAT WE'RE DOING IS JUST BASICALLY JUST DOING THE BASICS OF FINISHING OUT THIS SPACE. LIKE ANY RETAILER GOES INTO LEASE A SPACE, THEY CHANGE IT, THEY ADD THINGS OR TAKE THINGS AWAY OR ADD WALLS, WHATEVER. CHANGE THE LIGHTING.SO LIKE I WON'T NEED WATER. SO I'M NOT GOING TO I'M NOT GOING TO ADD THAT TO MY I'M JUST GOING TO PUT LIGHTING AND SHELVING AND THE WALLS. SO EACH PERSON IS GOING TO DO THEIR OWN RENOVATION. SO WE'RE JUST GOING TO DO THE BASIC THING WITH WHAT WE WANT, BECAUSE WE'RE THE STARTING TENANTS. AND SO THE NEXT PERSON THAT COMES IN, IF THEY WANT PLUMBING, I GUESS THEY WOULD HAVE TO PAY TO PUT IT IN THERE. THAT WOULD BE THEIR PREROGATIVE. SO WE ARE GOING TO FINISH IT OUT USING THE FUNDING. JUST IN A VERY BASIC WAY, AND TO MAKE IT HABITABLE FOR EACH PERSON. AND THEN WE GO IN AND CHANGE IT. I'M LETTING YOU BOTH KNOW THAT I AM WELL AWARE THAT THIS WAS TALKED ABOUT AT THE INCEPTION OF THE PROJECT, AND I'M TRYING TO FIND A METHOD BY WHICH WE CAN ASSURE THE SUCCESS OF THE PROJECT. AND I'M IN NO WAY SUGGESTING THAT WE KILL IT.
BUT I THINK IF WE HAD A VOTE TONIGHT, THAT WOULD BE YOUR RESULT. AND SO I THINK IT'S WISER FOR US TO TABLE IT AND DO FURTHER INVESTIGATION AND COME BACK RATHER THAN HAVE YOU WALK AWAY DISAPPOINTED. RIGHT RIGHT. YEAH. IT SEEMS LIKE THERE'S SOME UNANSWERED QUESTIONS. SO WE OWE IT TO YOU TO GET SOME ANSWERS AND. AND I'D LIKE TO MAKE A MOTION THAT WE TABLE THIS ITEM.
I'LL SECOND. MOTION MADE BY MAYOR PRO TEM FELTUS. SECOND BY COUNCILMAN FRANKLIN. ALL IN FAVOR? AYE, AYE. ANY OPPOSED? MR. HAUSER, DO WE NEED TO TABLE THIS INDEFINITELY OR TO A SPECIFIC TIME? I DON'T KNOW WHEN THE NEXT MEETING IS SCHEDULED AND THE NEXT. OR TO JENNIFER, MY RECOMMENDATION IS TO TABLE INDEFINITELY. THERE'S NO NOTICING REQUIREMENTS. SO WE WOULDN'T BE, UP AGAINST THAT, WE ALSO DO OUR NEXT MEETING, I THINK, IS SCHEDULED FOR THE BEGINNING OF NOVEMBER, AND I DON'T KNOW THAT WE'LL BE PREPARED AT THAT POINT, WITH THE INFORMATION THAT YOU'RE ASKING FOR. BUT IF WE ARE, WE'LL HAVE IT THERE. IF WE'RE NOT, THEN WE CAN SCHEDULE ANOTHER MEETING. CAN WE TRY? BECAUSE I KNOW THESE BUSINESSES HAVE BEEN AT THIS FOR A LONG, LONG TIME, AND NOT THAT IT'S OUR PROBLEM, BUT I CARE ABOUT OUR SMALL BUSINESS IS THAT, YOU KNOW, STARTUPS. AND I HAPPEN TO BE A BIG FAN OF THIS PROJECT. BUT I BELIEVE OUR AND I'M LOOKING AT EMPRESS, I BELIEVE WE HAVE A MEETING SCHEDULED FOR NOVEMBER THE 5TH SO WE CAN TABLE IT TO THAT. AND IF FOR SOME REASON WE'RE NOT THERE, WE CAN TABLE IT AGAIN.
BUT OUR GOAL WILL BE TO HAVE IT READY FOR THE FIFTH. WELL, IS THERE ANY OBJECTION BY ANY MEMBER TO TABLING THIS TO THE NOVEMBER 5TH AGENDA, SEEING NONE THIS MATTER WILL BE TABLED UNTIL NOVEMBER 5TH, 2020 FOR THE NEXT MEETING OF THE TAX INCREMENT REINVESTMENT ZONE. NUMBER ONE, THERE BEING NO FURTHER BUSINESS AND WE HAVE NOTHING ON EXECUTIVE SESSION, I WOULD ENTERTAIN A MOTION TO ADJOURN. SO MOVED SECOND MOTION BY MAYOR FULLER, SECOND BY PRO TEM MAYOR PRO TEM FELTUS. ALL IN FAVOR? ALL RIGHT. HEARING
* This transcript was compiled from uncorrected Closed Captioning.