Oct 29, 2024 Visit McKinney

I GOT A MOTION BY WHITNEY NASH FOR KATIE SCOTT AND I SECOND FROM PATRICK MCGUIRE FOR KATIE SCOTT FOR CHAIR.

UM, ALL IN FAVOR OR DO I HAVE ANYBODY OPPOSING? SORRY.

ANY DISCUSSION? ANY DISCUSSION? DOES ANYBODY HAVE ANYBODY ELSE THEY WOULD LIKE TO NOMINATE? OKAY.

SORRY, THAT WAS PRESUMPTUOUS.

ALL IN FAVOR? AYE.

AYE.

UH, DO I HAVE ANY OTHER NOMINATIONS FOR VICE CHAIR? OKAY.

UM, MOTION GRANT IS GRANTED.

UH, I WILL BE CHAIR FOR ONE MORE YEAR.

THANK YOU VERY MUCH.

UH, VICE CHAIR ELECTIONS.

MAY I GET A NOMINATION FOR VICE CHAIR POSITION? PITNEY, DO YOU WANNA DO IT AGAIN? SURE.

WHITNEY, I NOMINATE YOU.

I SECOND WHITNEY AS VICE CHAIR.

[00:05:01]

ALL IN FAVOR OF WHITNEY NASH'S VICE CHAIR.

AYE.

MOTION PASSES.

CONGRATULATIONS FOR ANOTHER YEAR, .

UM, MAY I GET NOMINATIONS FOR TREASURER? I'LL NOMINATE JANIE PENA AS TREASURER .

I WILL, I WILL SECOND THAT FOR JANIE PENA.

JANIE PENA OR YOU? DO YOU HAVE ANYTHING TO SAY ABOUT THAT? ? YEAH, I, I I APPRECIATE THAT PATRICK WOULD BE INTERESTED IN SERVING.

SO MAY I NOMINATE HIM? OKAY.

WE HAVE A NOMINATION FOR, FOR PATRICK.

I SECOND THAT.

WE HAVE A SECOND.

ANY DISCUSSION? YES, ANY DISCUSSION? DO YOU WANT, DO YOU WANT IT OR JANIE, IF YOU WOULD LIKE TO, AND YOU CAN DRAW , DON'T I REALLY? I APPRECIATE EVERYONE'S .

I THINK IT WOULD BE GREAT TO SHARE A LITTLE HERE AND IS EXCELLENT.

AND I WORKING, SO I JUST DIDN'T GET AHEAD OF EVERYBODY.

PATRICK, CONGRATULATIONS.

BECAUSE IF YOU DO WANT IT, YOU'RE, YOU'RE WELCOME TO.

NO, NO.

OKAY, GOOD.

I MEAN, NOT THAT I DON'T WANT IT , BUT THAT IN THE RECORD, , IT'S ALL ON THE RECORD.

UM, BUT THAT'S OKAY.

HONESTY IS VERY IMPORTANT.

SO I, WITH THAT BEING SAID, I THINK THAT WE WILL PULL JANIE FROM DISCUSSION AND WE WILL VOTE FOR PATRICK MCGUIRE FOR TREASURER.

SO IF WE ARE ALL READY TO VOTE? YES.

SORRY, I NEED TO MAKE NOTES.

I DIDN'T WANT .

[Appointment of Visit McKinney Committee Members a. Finance Committee b. Marketing Committee c. Project-Based Grant Committee]

MOVING ON TO TWO FOUR DASH 2 1 2 3.

APPOINTMENT OF VISIT MCKINNEY COMMITTEE MEMBERS.

WE WILL START WITH THE FINANCE COMMITTEE.

SO I'M GOING TO, WELL, SO SINCE YOU ARE TREASURER SIX SENSE, YOU WILL BE A CHAIR OF THE FINANCE COMMITTEE AND THEN WE NEED TWO MORE PEOPLE TO BE ON THE FINANCE COMMITTEE.

I AM SUGGESTING KEITH AND UM, EPHRAIM RIM IS NOT HERE.

SO HE IS AT MY MERCY, I GUESS.

YEAH, HE IS APPOINTED.

KEITH, DO YOU HAVE THOUGHTS ON THAT OR ARE YOU I'M GOOD WITH THAT.

THERE'S DEFINITELY ONE SPOT I'D LIKE TO BE INCLUDED IN, BUT I AM ALSO GOOD WITH FINANCE.

I HAVE THOUGHTS ON THAT TOO.

SO I THINK IF WE'RE ON THE SAME PAGE, PROBABLY.

SO WITH THAT BEING SAID, PATRICK, KEITH AND RAIM FOR THE FINANCE COMMITTEE.

SOUNDS GREAT.

SOUND GOOD? MM-HMM, WE DO, WE VOTE ON IT.

DOESN'T SAY I DON'T VOTE ON IT.

THOUGHTS, FEELINGS? ANYONE? SORRY.

MOVING ON TO MARKETING.

SO FOR MARKETING, I'M SUGGESTING CHAIR BRIAN MEDINA.

UM, AND THEN WE WILL JANIE AND JILL BARNES.

I THINK I WOULD LIKE BUDDY OKAY WITH THAT? YEAH.

MM-HMM? .

NOW MOVING ON TO THE PROJECT BASED GRANT COMMITTEE.

WE KIND OF, DO WE NEED TO GO OVER THAT OR, OKAY.

JUST WHAT IT IS.

DOES EVERYBODY UNDERSTAND WHAT THAT IS? WERE THERE ANY QUESTIONS ON THE PROJECT COMMITTEE THAT YOU WANT FROM ME? SO IS THAT JUST LIKE, NORMALLY WE, PREVIOUSLY WE HAVE THE MARKETING COMMITTEE DETERMINING GRANTS.

IS THE, IS THIS JUST, WELL, I THINK THAT THIS IS KIND OF REVIEWING ANALYSIS.

GOOD QUESTION.

THIS IS GONNA LOOK AT THE PROCESS, UM, PAST, UH, APPLICATION ROUNDS.

UM, DID IT MEET THE GOALS OF VISIT MCKINNEY? OKAY.

OR, OR ARE THERE ANY TWEAKS THAT WE SHOULD CONSIDER? SO IT COULD BE A TWO, THREE MONTH, UH, COMMITTEE WHERE WE MEET ONCE AND, YOU KNOW, JUST GIVE YOU INFORMATION WE MEET AGAIN AND TALK ABOUT IT, AND THEN WE'LL EVENTUALLY PRESENT BACK TO OUR BOARD THE FINDINGS.

GOTCHA.

SO WITH THAT BEING SAID, MY SUGGESTIONS FOR THE PROJECT BASED GRANT COMMITTEE ARE CHAIR WHITNEY NASH, UM, BRIAN MEDINA AND KEITH GALL.

DOES ANYBODY HAVE ANY? Y'ALL GOOD WITH THAT? YEAH.

YOU GUYS MADE THIS EASY.

, I THINK THIS IS THE EASIEST.

[00:10:01]

OH, LAST BUT NOT LEAST A POINT.

UH, TWO FOUR

[Appointment of a Visit McKinney Liaison to the Parks & Recreation Advisory Board]

DASH 2 1 2 4.

WHITNEY THE APPOINTMENT OF A VISIT MCKINNEY LIAISON TO THE PARKS AND REC ADVISORY BOARD.

SO WE NEED ONE PERSON TO VOLUNTEER TO GO TO THESE MEETINGS.

THEY MEET THE SECOND THURSDAY OF EACH MONTH AT 5:00 PM AND THIS RELATIONSHIP IS VERY IMPORTANT.

UM, SO I WOULD LOVE TO, BUT THAT'S A VERY DIFFICULT TIME.

SO IF YOU'RE NOT FAMILIAR WITH IT, YOU, YOU GO AND YOU, UM, YOU LISTEN AND THEN YOU CAN PROVIDE SOME FEEDBACK AND THEN YOU BRING THAT BACK TO OUR COMMITTEE AND REPORT.

SO, UM, WE, IT'S JUST A REALLY GOOD WAY TO STAY, YOU KNOW, CONNECTED.

SO WHOEVER, IF ANYBODY'S FEELING KEITH, HE VOLUNTEERS AT TRI, AT TRIBUTE .

OKAY, GREAT.

IS THERE ANYBODY ELSE? JUST EVERYBODY ELSE.

LOVE IT.

I KEEP GOING TIME ON THIS.

MOVING ON TO CONSENT ITEMS TWO FOUR DASH 2125 MINUTES OF THE VISIT.

WE ARE DONE WITH THAT PROCESS.

GOOD JOB GUYS.

[CONSENT ITEMS]

MCKINNEY BOARD MEETING OF SEP, SEPTEMBER 24TH, 2024.

DID EVERYBODY GET A CHANCE TO REVIEW THOSE MINUTES? MAY I GET A MOTION TO ACCEPT? I MOVE THAT WE ACCEPT? OKAY.

MOTION BY JANIE.

MAY I GET A SECOND? SECOND.

SECOND BY KEITH.

ALL IN FAVOR SAY AYE.

[Board and Liaison Reports City of McKinney MEDC MCDC McKinney Main Street / MPAC McKinney Parks and Recreation Visit McKinney Finance Committee Visit McKinney Marketing Committee]

AND LIAISON REPORTS.

TWO FOUR DASH 2126.

LET'S START WITH MAY.

UM, DO YOU HAVE ANY OF MY CITY COUNCIL MEMBERS HAVE ANYTHING TO SAY? PATRICK? KEITH, CONGRATULATIONS.

I'LL SEE YOU AT PARKS , THE COUNCIL LIAISON.

UM, FOR THE NEXT COUPLE MONTHS WE MEET AT THE PARKS DEPARTMENT, WHICH IS AT KERRY COX PARK, UM, STONEBRIDGE AND THREE 80 BASICALLY.

UH, BUT THEN, UH, A NICE SEGUE.

WE WILL BE MOVING ON TO OUR BRAND NEW CITY HALL, UH, FOR THAT IN A FEW MONTHS.

WE HOPE TO OPEN THAT UP IN, I THINK IN FEBRUARY FOR COUNCIL MEETINGS AND FOR OTHER STUFF.

UH, CONGRATULATIONS TO EVERYBODY ON THIS BOARD.

UH, ONE THING AARON SAID TALKED ABOUT WAS ATTENDANCE.

AND I'M TALKING TO ALL THE BOARDS THAT I'M THE LIAISON ABOUT ATTENDANCE.

IT'S IMPORTANT TO COUNCIL THAT WE HAVE 75% ATTENDANCE ON THESE BOARDS.

A LOT OF PEOPLE WANT TO BE ON THESE BOARDS.

Y'ALL ARE GREAT.

CONGRATULATIONS FOR BEING ON IT.

BUT, YOU KNOW, PLEASE WATCH THE MEETINGS AND, AND DO YOUR LEVEL BEST TO ATTEND.

UH, IT'S JUST ONE OF THESE THINGS THAT WE HAVE TO WATCH BECAUSE THERE'S JUST SO MANY PEOPLE, GREAT PEOPLE THAT WANNA SERVE ON THE BOARDS.

UH, THE ONLY OTHER THING THAT I'VE GOT THAT I THINK IS INTERESTING THAT Y'ALL MAY NOT BE TOO AWARE OF IS THAT, UH, COUNCIL IS LOOKING AT, UM, ACTIVATING, UM, GRAY BRANCH PARK, THE, UM, NORTHWEST PART OF IT.

UH, IT'S CURRENTLY A WALKING TRAIL.

THE MCKINNEY PARKS FOUNDATION HAS, UH, YOU KNOW, CARVED SOME TRAILS IN, UH, BUT MCKINNEY SEED PROJECT, UH, IS MOVING AND THEY WANNA MOVE THERE.

AND SO WE HAD, WE HANDLED THAT IN THE LAST WORK SESSION, IT WOULD BE, UM, FROM WHAT I UNDERSTAND FROM MCKINNEY SEED, ONE OF THE, IF NOT THE BIGGEST URBAN GARDEN IN TEXAS AND MAYBE ONE OF THE BIGGEST IN THE UNITED STATES.

SO THAT'S A PRETTY BIG DEAL THAT WE'RE GONNA BE DOING.

UM, BUT OTHER THAN THAT, TODAY'S A RARE TUESDAY OFF FOR COUNCIL AND P AND Z.

SO, UM, UH, I'LL STAND FOR ANY QUESTIONS IF Y'ALL HAVE ANY FOR ME.

IF NOT, JILL, CONGRATULATIONS FOR BEING UP HERE.

AND CONGRATULATIONS, MADAM CHAIR, AND THANK YOU MADAM VICE CHAIR AND EVERYBODY.

SO MR. TREASURER, THANK YOU.

ALL RIGHT, THANK YOU, PATRICK.

OKAY, GOOD MORNING, MADAM CHAIR.

MR. EXECUTIVE DIRECTOR WARNER AND MEMBERS OF THE BOARD, CONGRATULATIONS TO THE MEMBER OF THE BOARD.

PERMIT, OUR PERMISSION TO STOCK OUR FURNITURE.

UH, MY NAME IS PAUL GRIMES, CITY MANAGER.

A FEW THINGS TO UPDATE YOU ON.

WE ARE IN THE MIDDLE OF OUR LAST QUARTER OF THE CALENDAR YEAR IN, MAN, IT IS BUSY.

WE GOT A LOT OF THINGS HAPPENING.

UH, WE DO HAVE AN ELECTION NEXT WEEK, IN CASE YOU DIDN'T KNOW.

JUST A REMINDER, UM, AFTER THE ELECTION, WE HAVE STATE OF THE CITY TWO DAYS LATER ON THE SEVENTH, UH, AT, UM, I BELIEVE IT'S AT CHRIST FELLOWSHIP CHURCH.

THAT'S WHERE IT'S USUALLY HELD.

THE CHAMBER OF COMMERCE PUTS IT ON.

UH, WE WILL BE THERE.

UM, AND, UH, I'LL BE THERE WITH MAYOR FULLER.

AND, UH, MY COUNTERPARTS FROM MISD, AS WELL AS, UH, COLIN COLLEGE.

DR.

KIN, I THINK FROM COLIN COLLEGE AND DR. PRATT FROM MISD WILL BE THERE, UH, SHARING SOME TIME WITH THE MAYOR AND I, UH, TALKING ABOUT WHAT'S HAPPENED AND WHAT WILL BE HAPPENING AND WHAT THINGS TO LOOK FORWARD TO, INCLUDING, OF COURSE, AS COUNCILMAN CLAUDIA MENTIONED, MOVING INTO NEW CITY HALL.

WE'LL BE MOVING IN THE 1ST OF JANUARY, EXCUSE ME.

WE JUST GOT OUR STOCKING

[00:15:01]

SO THAT STARTED YESTERDAY.

THAT'LL BE HAPPENING THROUGHOUT THE FALL.

IT WILL BE MOVING IN, GETTING THEIR EQUIPMENT IN AND TESTING IT AND MAKING SURE WE'LL HAVE A COMPUTER STATION READY TO WORK WHEN WE GET IN.

UH, BUT WE WILL BE EARNESTLY MOVING IN THE 1ST OF JANUARY ONCE WE GET IN.

WELL, OUR FIRST COUNCIL MEETINGS, WE'RE EXPECTING TO BE IN FEBRUARY, SO OUR JANUARY MEETINGS WILL STILL BE HERE, ASSUMING ALL OUR EQUIPMENT WORKS PROPERLY AND EVERYTHING IS GOING WELL, WE'RE GONNA KNOW, MAKE THAT TRANSITION TO HAVE COUNCIL MEETINGS IN FEBRUARY AT THE NEW CITY HALL.

UH, WE'LL HAVE A, UM, A COUPLE OF OPEN HOUSES.

WE'LL HAVE SORT OF A LOCAL COMMUNITY ONE, UH, AND THEN, UH, WE WILL DO A REGIONAL OPEN HOUSE.

BASICALLY, WE INVITE ALL THE MAYORS FROM ALL THE TOWNS IN NORTH TEXAS AND, UH, FOLKS TO COME AND, AND VISIT, UH, OUR CITY HALL AND SEE ALL THE, HOW IT'S GONNA BE SUCH A GREAT CATALYST PROJECT FOR THAT PART OF TOWN.

SO, VERY EXCITING.

UH, IT'S FINALLY HAPPENING.

AND, UH, WHAT'S FOR US, IT'S REALLY IMPORTANT IS IT, IT ALLOWS US TO SPATIALLY RIGHT, PHYSICALLY, UH, HAVE IN PLACE OUR ORGANIZATIONAL, UH, PHILOSOPHY, RIGHT? OUR HPO PHILOSOPHY, IT'S ALL ABOUT TEAM COLLABORATION.

WE SPENT A LOT OF TIME AND EFFORT ON IT, BUT PHYSICALLY WE'VE NOT HAD THE SPACE TO BE ABLE TO NECESSARILY PROVIDE FOR THAT.

AND THAT'S WHAT NEW CITY HALL IS DESIGNED.

IT'S NOT GONNA FEEL LIKE A TRADITIONAL CITY HALL.

SO I HOPE IT DOESN'T, UH, HOPEFULLY IT FEELS MORE LIKE YOU'RE GONNA SEE COLLABORATIVE WORKSPACES WHERE PEOPLE CAN, WHAT I, WHAT I CALL THE, UH, SPONTANEOUS COLLISIONS OF IDEAS AND COLLABORATION.

SO, UM, MORE TO FOLLOW, BUT WE'RE EXCITED ABOUT THAT.

UM, WE WILL HAVE A BUSY NOVEMBER.

ONE OF THEM IS A VENUE, OUR AMPHITHEATER.

WE EXPECT TO HAVE A SITE PLAN.

THEIR SITE PLAN, UH, BROUGHT FORWARD ON, UH, NOVEMBER 19TH.

IT'S LOOKING LIKE WE, WE WERE TRYING TO SEE IF WE CAN GET IT FOR NOVEMBER 5TH, BUT IT LOOKS LIKE IT'S GONNA BE NOVEMBER 19TH.

THE COUNCIL HAS TO APPROVE THAT.

UH, SO THAT'LL BE A REALLY COOL LOOK AT REALLY WHAT VENUE THE, THE AMPHITHEATER IS GONNA LOOK LIKE.

UH, BECAUSE THAT SITE PLAN, ONCE IT'S APPROVED, THAT'S SORT LOCKED IN AND THAT'S WHAT YOU CAN EXPECT TO SEE.

LOTS OF THE EVENTS COMING UP.

I KNOW AARON'S GONNA COVER THOSE.

VERY EXCITING, UH, FOR NOVEMBER AND DECEMBER THAT VISIT MCKINNEY'S, UH, IN IS VERY INVOLVED WITH.

UM, SO WITH THAT, LET ME SCROLL OVER HERE TO LOOK AT SOME OF OTHER, MY OTHER NOTES THAT I WANTED TO SHARE WITH YOU.

I DID SHARE WITH THE OTHER TWO, UH, BOARDS AND CDC AND EDC THAT JIM PARRISH, OUR HR DIRECTOR, IS, UH, WAS NAMED BY GOVERNOR ABBOT, UH, TO BE ON THE TMRS BOARD OF TRUSTEES.

UH, JIM IS A LONG SERVING MUNICIPAL MANAGER.

HE WAS A DEPUTY CITY MANAGER AT MCKINNEY SOME YEARS AGO.

THEN HE WENT TO PLANO.

UM, WE HIRED HIM FROM PLANO.

I THINK HE, I THINK HE TRIED TO RETIRE.

HE FAILED MISERABLY.

AND WE BROUGHT HIM BACK.

HE SAID HR DIRECTOR HERE, AND HE'S NOW GONNA BE ON THE TMRS BOARD OF TRUSTEES, WHICH IS GREAT FOR MCKINNEY AND GREAT FOR HIM, UH, AND FOR THE STATE FOR THAT MATTER.

UM, AND THEN MY LAST ITEM ON HERE IS SORT OF THE GOOD TO KNOW.

I BELIEVE I, THERE IT IS, OUR POPULATION ESTIMATE.

I KNOW YOU GUYS LOOK FORWARD TO THESE, OUR ESTIMATED POPULATION AS OF OCTOBER 1ST, SO IT'S ALREADY A MONTH OLD, ALMOST IS AS OF OCTOBER 1ST, IT'S 221,475 RESIDENTS.

SO WE ARE NOW OFFICIALLY OVER 220,000 RESIDENTS IN MCKINNEY.

SO THAT IS, UM, MY UPDATE AND I WILL STAND FOR ANY QUESTIONS.

ARE THERE ANY DEVELOPMENTS ON WHAT THE, UH, FUTURE OF THIS LOCATION IS GOING TO BE? THAT'S A GREAT QUESTION.

WE ARE CURRENTLY STILL, UM, UH, DISCUSSING NEGOTIATING, WORKING WITH M TWO G PARTNERS.

THEY ARE OUT OF FORT WORTH.

THEY WERE BETTER KNOWN AS DOING THE MULE ALLEY DEVELOPMENT, UM, IN THE STOCKYARDS, UH, VERY GOOD FIRM.

THEY WERE SELECTED THROUGH A COMPETITIVE SELECTION PROCESS.

BUT, UH, WE HAVE NOT YET ARRIVED AT WHATSAPP PROGRAM GOING TO BE.

AND AT THE END OF THE DAY, WE HAVE TO REACH A MUTUAL AGREEMENT ON WHAT WE THINK THE PROGRAM IS GONNA BE AND, AND, UH, WHAT WE WANT IT TO LOOK LIKE.

AND THAT'S A, THAT'S AN IMPORTANT DECISION FOR A PART OF TOWN THAT'S VERY DELICATE, VERY SENSITIVE.

UM, SO WE'LL SEE.

WE, WE DO ANTICIPATE PROBABLY A DECISION ON THAT BY NOVEMBER 19TH.

SO MORE TO FOLLOW ON THAT AS WELL.

THANK YOU FOR THE QUESTION.

SO IF, IS THERE A BACKUP, LIKE A CONTINGENCY IF THINGS DON'T WORK OUT WITH THEM? IF, IF, WELL, IF THINGS DON'T WORK OUT WITH THEM, IT WOULD BE IN THE FORM OF WE HAVE NOT ARRIVED AT CONSENSUS AMONG YOUR, BY THE COUNCIL ON WHAT THE PROPOSED PROGRAM WOULD BE.

UM, THE BACKUP PLAN IS WE COULD GO BACK TO THE OTHERS THAT WERE ON THE LIST.

WE HAD A, WE HAD SOME SHORTLISTED FIRMS THAT WERE VERY GOOD, VERY WELL-KNOWN, UH, COMPANIES.

OR WE COULD TAKE A PAUSE AND, UH, REEVALUATE OUR STRATEGY AND SAY, MAYBE WE DO THIS A DIFFERENT WAY.

UH, SO WE'LL SEE, UM, WHAT, ULTIMATELY WHAT THE COUNCIL IS, WE'LL BE GUIDING THEM ON THAT.

AND IT'S LETTING THEM KNOW WHAT THEIR OPTIONS ARE, AND THEN THEY'LL HAVE TO MAKE A DECISION.

ANY OTHER QUESTIONS OR COMMENTS? WELL, IF YOU DON'T MIND, I'M GONNA EXCUSE MYSELF.

I HAVE ANOTHER MEETING I HAVE TO GET TO AT YOUR FORMER HOME AT THE IMPACT WE'RE USED TO.

I GOTTA GO OVER THERE FOR THAT MEETING.

THANK YOU VERY MUCH.

[00:20:01]

OKAY, WE'LL MOVE ON TO THE VISIT MCKINNEY FINANCE COMMITTEE.

GOOD MORNING.

MORNING, UH, ALICIA HOLMBERG VISIT MCKINNEY, ASSISTANT DIRECTOR.

UM, WE MET WITH OUR, UH, FINANCE COMMITTEE ON FRIDAY.

UM, SO, BUT I'M GONNA JUST GIVE OUR, OUR OVERVIEW OF EVERYTHING.

I THINK WE TOLD YOU LAST MONTH, WE'RE KIND OF SWITCHING IT TO HAVE STAFF GIVE THE UPDATES TO ALIGN WITH THE OTHER, UM, M-C-D-C-M-E-D-C.

IT'S JUST A LITTLE BIT EASIER FOR US TO SHARE THE STUFF AT THE COMMITTEE COMMITTEE AND THEN FOR STAFF TO PRESENT.

UM, SO, UH, HERE'S OUR BALANCE SHEET.

THIS IS FOR SEPTEMBER.

THIS WAS THE LAST MONTH OF OUR, UH, FISCAL YEAR, 2024 FISCAL YEAR.

UM, WE JUST STARTED THE NEW ONE HERE IN OCTOBER.

AMBER, YOU CAN GO TO THE NEXT SLIDE FOR ME.

SO ON THIS SHEET HERE, YOU CAN SEE OBVIOUSLY WE FINISHED OUR YEAR TO A HUNDRED PERCENT COMPLETE.

UM, WE SPENT OUR BUDGET, YOU'LL SEE IN THE MID, IN THE MIDDLE THERE, THE EXPENSES, UM, AT 95%.

SO WE USED ALL OF OUR DOLLARS THAT WE COULD TO MAKE SURE, UM, THAT WE, WE WERE RESPONSIBLE WITH OUR MONEY.

UH, YOU'LL SEE THE SERVICES AND SUNDRY EXPENSE ACCOUNT, WHICH IS THE MAJORITY OF OUR BUDGET.

A LOT OF THE MARKETING DOLLARS AND THINGS ARE THERE, UH, WAS SLIGHTLY OVER, JUST, JUST A LITTLE BIT, BUT WE EVENED OUT IN SOME OTHER PLACES.

SO WE STAYED ON THAT.

BOTTOM LINE WAS UNDER, UM, WHERE WE NEEDED TO BE WITH FINANCE.

LEMME GO TO THE NEXT SLIDE.

THANKS.

OH, I THINK IT'S THE NEXT TAB, THE STR TAB UP ON THE TOP.

FINALLY, I DO WANNA THANK, UM, THE STAFF AND EVERYBODY FOR ALLOWING ME TO BE TREASURER.

SO HERE IS OUR OCCUPANCY FOR THE MONTH OF SEPTEMBER.

UM, WE, IT IS DIPPED JUST SLIGHTLY, BUT BARELY.

UM, 69.2% VERSUS LAST YEAR, 70.9.

SO THAT'S STILL A STRONG NUMBER.

WE'RE HAPPY WITH THAT.

THAT'S, YOU KNOW, WELL ABOVE.

UM, YOU CAN SEE WELL ABOVE THE, UH, OUR COMP CITIES THAT WE HAVE DOWN THERE, THE FOUR ON THE BOTTOM.

UM, SO WE'RE, WE'RE HAPPY WITH THAT.

THE TIER ONE IS, IS ALWAYS TYPICALLY DOING OUR BEST.

UM, AND THEN YOU'LL SEE TIER TWO, TIER THREE ARE JUST SLIGHTLY BELOW.

UM, I THINK IN THE FUTURE, WE'RE GONNA TAKE A LOOK AT THOSE TIERS AND SEE IF THEY NEED TO BE REEVALUATED, UH, JUST SO WE CAN, WE HAVE SOME WITH THE NEW HOTELS COMING ONLINE AND MAKE SURE THAT WE'RE, THAT THEY'RE PROPERLY, UM, ALLOCATED TO THOSE DIFFERENT TIERS.

UM, THE A DR IS, WAS, WAS UP, SO THAT'S ALWAYS GOOD.

THE, THAT'S THE AVERAGE DAILY RATE, UM, OF EACH HOTEL.

SO THAT WAS UP SLIGHTLY FROM LAST YEAR.

UM, AND PRETTY, PRETTY FAIRLY EVEN FOR THE, FOR EACH OF THE TIERS AND THE REVENUE.

THE REVPAR REVENUE PER AVAILABLE ROOM WAS SLIGHTLY DOWN FOR, FOR OCTOBER.

BUT AGAIN, NOT BY MUCH.

I MEAN, I'M SORRY, SEPTEMBER, NOT BY MUCH.

SO WE FEEL LIKE THIS IS GOOD NUMBERS FOR US.

WE'RE EXCITED TO SEE OCTOBER.

THE NUMBERS HAVE ALREADY BEEN REALLY GOOD ON THE WEEKLY, SO WE SHOULD HAVE SOME GOOD REPORTS FOR YOU NEXT MONTH.

UH, WE DON'T HAVE THE, UM, THE FINANCIALS FOR THE SALES TAX, OCCUPANCY SALES TAX.

WE DO NOT GET THOSE IN TIME FOR OUR MEETING TODAY.

UM, SO WE'LL REPORT ON THAT, UH, NEXT MONTH'S MEETING.

UM, BUT WE DO ANTICIPATE JUST BY LOOKING AT THE WEEKLY REPORTS THAT WE GET IN THAT WE DID SURPASS THAT, UH, 3 MILLION MARK THAT WE TALKED ABOUT AT THE LAST MEETING TO BRING IN FOR THE FISCAL YEAR, LAST FISCAL YEAR OF, OF, UH, HOTEL OCCUPANCY TAX BECAUSE OF THE WAY THAT, UM, THE WEEKS WERE TRENDING.

SO WE'RE CONFIDENT TO SAY THAT WE PASSED THAT 3 MILLION MARK, BUT WE'LL, WE'LL BE ABLE TO FULLY REPORT THAT THE NEXT TIME.

ONCE WE GET THEM, MAYBE WE CAN SEND IT OUT.

UM, ONCE WE GET THEM, WE SHOULD GET THEM IN THE NEXT DAY OR SO.

SO, UM, I APOLOGIZE IF WE DON'T HAVE THAT READY FOR YOU YET.

UM, AND I THINK THAT'S ABOUT ALL I HAVE FOR YOU.

DOES ANYONE HAVE ANY QUESTIONS? I ACTUALLY HAVE A COMMENT.

YES.

UM, I JUST WANTED TO POINT OUT TO EVERYBODY THAT IF YOU WERE HERE A YEAR OVER A YEAR AGO, THIS LOOKED VERY DIFFERENT, THESE REPORTS.

AND SO IT COMPLIMENTS, UH, TO AARON FOR HIRING A GREAT PERSON TO REALLY HELP US.

AND THEIR VISION IS WHAT YOU SEE.

SO IT MAKES IT EASIER FOR US TO UNDERSTAND.

YOU.

REMEMBER, WE WOULD, YOU KNOW, IT WAS REALLY HARD TO KIND OF FIGURE OUT A LITTLE BIT, BUT I, IT, AND, AND NOT REALLY HARD, BUT IT WAS, IT, THIS IS JUST MUCH EASIER.

SO I, I THINK SOMETIMES I, I REALLY WANT US TO UNDERSTAND THE WORK THAT ALL OF THE STAFF DOES AND TO SEE THAT IT'S THEIR, YOU KNOW, THEY, THEY HEAR US AND THEY, THEY'RE THE ONES WHO HAVE DONE ALL OF THIS.

AND I THINK IT MAKES IT EASIER.

ALSO.

I, I THINK IT'S REALLY IMPORTANT THAT THE NEXT, UM, MEANING THEY CAN'T HELP, THAT THEY DIDN'T GET THE NUMBERS.

SO THAT, YOU KNOW, I MEAN, AS, AS ALICIA SAID, WE DIDN'T GET THE NUMBERS YET, AND THAT'S OKAY, BUT WE NEED TO, UH, NEXT TIME REALLY PAY ATTENTION SO THAT WE CAN SEE THE DETAIL OF THAT.

'CAUSE SHE WILL HAVE THAT.

AND, UM, AND, AND THAT WAY WE CAN GET A BETTER VIEW OF IT.

AND

[00:25:01]

IT WAS, IT WAS GREAT.

I JUST LIKE TO SEE EVERYBODY GET AN OPPORTUNITY AS WELL.

SO, UH, I'M STILL AROUND, SO IT'S NOT , .

THANK YOU, JEANIE.

BUT, UH, BUT APPRECIATE Y'ALL VERY MUCH.

VISIT MCKINNEY MARKETING COMMITTEE.

APPRECIATE YOU.

AND I JUST WANNA SAY, UM, A LOT OF THE, SOME OF THE CHANGES THAT WE MADE WERE, UM, PAULA'S SUGGESTIONS ABOUT CHANGING THE WAY SOME OF THE REPORTING IS, UM, AS WELL AS HOW WE'RE GOING TO BE, UM, MANAGING OUR BUDGET GOING FORWARD IN THIS FISCAL YEAR.

UM, SHE'S MADE SOME GREAT SUGGESTIONS FOR US, AND IT'S GONNA BE A LOT EASIER, UH, ON INTERNALLY FOR US TO KEEP TRACK OF EVERYTHING, UM, BECAUSE SHE'S SO WELL ORGANIZED AND EVERYTHING.

SO SHOUT OUT TO PAULA FOR THAT.

SHE'S WITH US TOGETHER.

THAT WILL BE ME.

HELLO.

HI.

IT'S MY FIRST ATTEMPT AT, UH, LEAVING THE MARKETING COMMITTEE, SO I'M EXCITED TO DO THIS OPPORTUNITY.

HAD PLAYING CARDS AT THE SHOW.

UH, SO WE MET YESTERDAY AND WE HAD A GOOD DISCUSSION.

I'M JUST GONNA HIT SOME OF THE HIGHLIGHTS THAT WE COVERED IN OUR MEETING.

UH, AT THE SHOP.

THEY HAD OVER 395 WALK-INS IN SEPTEMBER.

UH, THIS IS DOWN COMPARED TO LAST YEAR OF 7 75, BUT WE ATTRIBUTE THAT TO, UM, UH, THE STORE OPENING UP.

SO IT WASN'T ANY FACTOR.

SO I THINK THEY'RE ON AVERAGE NOW GETTING THAT CONSISTENT NUMBER AROUND THREE 50 TO 400 OR SO.

SO THAT'S GOOD TO SEE WHAT THE SHOP, AND WE TALKED A LITTLE BIT ABOUT, YOU KNOW, DO OTHER CITIES HAVE SHOPS AND, YOU KNOW, WE'RE KIND OF ON THE EDGE OF DOING ALL THE , AND THAT DOESN'T SURPRISE ME.

SO, UM, MOVING ALONG, THE RETAIL SALES WERE AROUND 2000.

UH, THAT'S CONSISTENT IN AVERAGE.

UH, THE WEBSITE PAGE VIEWS ARE AROUND 72,000.

SO AGAIN, THEY'RE DOING SOME GREAT THINGS TO DRIVE, UH, TRAFFIC AND ENGAGEMENT TO THE WEBSITE.

UH, COMING UP MIDDLE OF, UH, NOVEMBER, UH, WE'RE GONNA BE KICKING OFF WITH THE DIGITAL MARKETING AGENCY SIMPLE VIEW.

AND THEY'RE GONNA BE DOING SOME ONBOARDING AND DOING MORE SEO STRATEGY.

SO THAT'LL BE EXCITING.

WE'LL HAVE SOME ATTRIBUTION AND, YOU KNOW, BENCHMARKING SO WE CAN SEE HOW THE SITE DOES WITH RESPECT TO ORGANIC TRAFFIC AND GETTING MORE VISIBILITY, UH, OUT THERE TO THE PUBLIC.

UH, AMBER'S DOING A GREAT JOB ON JUST HER ENGAGEMENT ON FACEBOOK, A LOT MORE ON INSTAGRAM.

I DON'T KNOW IF Y'ALL SAW REALLY CUTE LITTLE PUMPKIN PATCH THINGS THAT SHE DID, BUT THAT THING HIT REALLY HARD AND GOT A LOT OF VISIBILITY, SO KUDOS TO YOU.

AND THEN, UH, WE'RE GONNA BE WORKING ON DOING, UH, CONTENT ENGAGEMENT.

SO THERE'S A LOT OF EXCITING THINGS ON THE HORIZON.

BETH'S NOT HERE TODAY.

SHE'S ACTUALLY AT A DIGITAL MARKETING CONFERENCE DOWN IN DALLAS THAT I RECOMMENDED.

SO IF SHE'S EXCITED ABOUT GOING TO THAT, UM, I THINK WE'VE COVERED MOST OF THE THINGS HERE.

UH, WE'RE GETTING A KIOSK, I THINK WE'VE MENTIONED THIS BEFORE, OUT AT THE FBO.

UH, OTHER THAN THAT, UH, GOOD AT LINKEDIN ACTIVITY, HOPE EVERYBODY'S ENGAGING WITH AARON.

HE'S ALL OVER THE MAP, SO WE WANT TO GET THAT BUSINESS ENGAGEMENT AS WELL ON LINKEDIN.

UH OH.

AND CAN, YEAH.

OR IS THAT FOR SOMEBODY ELSE? YOU CAN TALK ABOUT IT.

GO FOR IT.

SO, I DON'T KNOW IF Y'ALL SAW HERE, WE'VE GOT THESE COOL LITTLE CARDS.

IT'S LIKE A SPORTS CARD.

UH, YOU CAN GET 'EM FOR Y'ALL'S GRANDKIDS, PATRICK, YOU KNOW, THEY'RE GOING WITH THESE LITTLE COLLECTIBLES OF MYTHS AT BEGINNING, BUT IT'S SOMETHING, UH, I'M NOT GONNA GIVE IT IT'S BEST DESCRIPTION.

I'LL LET AARON DO IT.

BUT REALLY COOL LITTLE THINGS THAT, UH, THEY'RE DOING CREATIVE IDEAS TO GET, UH, FOLKS TO COME HERE AND DO OUR SPORTS, UH, FACILITIES AND GET ACTIVE ON THOSE THINGS.

SO, UH, THE CARDS, UM, WERE ACTUALLY, UH, UH, AN IDEA BASED ON SOMETHING WE SAW FROM MEDC.

I THINK IT WAS LUKE AJARI ONE DAY HANDED ME A PACK LIKE THIS VERY SIMILAR, AND I OPENED IT AND IT WAS, UH, BASICALLY ALL OF THEIR STAFF AS LIKE THEIR BUSINESS CARDS, BUT THEY WERE IN LIKE, GREET, UM, IN LIKE PLAYER, LIKE PLAYING CARD STYLE, UH, LIKE YOU WOULD OPEN WHEN YOU WERE A KID AND STUFF.

AND SO I WAS LIKE, THAT IS A REALLY COOL IDEA, BUT I DIDN'T THINK ABOUT IT FOR OUR STUFF.

I WAS LIKE, WHEN WE GO TO, 'CAUSE WE GO TO SPORTS SHOWS, AND I'LL TALK ABOUT ONE HERE IN A MINUTE.

UM, BUT WE SIT ONE-ON-ONE, IT'S KIND OF SPEED DATING STYLE, AND YOU'RE SITTING ACROSS THE TABLE FROM A SPORTS PLANNER AND YOU HAVE A FEW MINUTES TO PITCH MCKINNEY AS A SPORTS DESTINATION, AND YOU WANNA LEAVE A MARK.

AND SO A LOT OF PEOPLE WILL HAND JUST A FLAT PIECE OF PAPER AND IT LISTS ALL THEIR SPORTS VENUES OR SOMETHING LIKE THAT, OR JUST A BUSINESS CARD.

AND SO WE, UH, BETH, UH, TOOK THE, THE REINS OF THIS IDEA AND PUT TOGETHER A, UM, TOP SPORTS FACILITIES, UM, DECK OF CARDS FOR US.

IT IS KIND OF HARD TO OPEN.

SO ALICIA WAS AT A SHOW THE OTHER DAY, AND SHE BROUGHT SCISSORS WITH HER SO SHE COULD LIKE SNIP THE EDGES.

AND I THINK SHE ACTUALLY DID SNIP THE EDGES ON Y'ALLS IF YOU LOOK CLOSELY.

UM, BUT ONCE YOU OPEN THEM, UH, EVERY SINGLE CARD IS A SPORTS FACILITY IN MCKINNEY.

ONCE YOU FLIP IT OVER ON THE BACK, IT'S ALL OF THE STATISTICS ABOUT THAT FACILITY.

DOES IT HAVE LIGHTS? HOW MANY LIGHTS, HOW MANY FIELDS, RESTROOMS, YOU KNOW, STUFF LIKE THAT.

AND SO, UH, IT WAS KIND OF THIS NOSTALGIC THING FOR THESE SPORTS PLANNERS THAT ALL KIND OF GEEK OUT OVER THAT STUFF.

UM, BUT IT LEFT A MARK TO, UM, WHEN, WHEN WE WALKED AWAY FROM THE TABLE AND THEY WALKED AWAY WITH, UM, A DECK OF CARDS.

AND SO, UH, JUST A FUN, A FUN THING THAT WE'RE DOING.

I DON'T THINK ANYONE ELSE

[00:30:01]

AND SO, UM, SO, UH, WE'LL, WE'LL KEEP LOOKING FOR WAYS TO LEAVE OUR MARK LIKE THAT.

BUT, UM, WE'LL TALK ABOUT SPORTS IN MY EXECUTIVE, UH, DIRECTOR'S REPORT, BUT IT'S BEEN A, UM, A REALLY SUCCESSFUL THING FOR US.

OH, LAST THING IS, UH, THE BENJI EVENT WAS VERY SUCCESSFUL AND, UH, IT WAS SOMETHING THAT ACTUALLY CAME TO FRUITION FOR BETH WHO HAD THE IDEA, AND THEN SHE WORKED WITH THE CITY AND, YOU KNOW, THEY HAD A GOOD TURNOUT FOR THAT.

SO IT WAS NICE TO SEE KIND OF A CLASS PROJECT OF HERS TURN INTO SOMETHING THAT THE WHOLE COMMUNICATED.

PERFECT.

GOOD REPORT.

THAT CONCLUDES MY REPORT.

THESE ARE REALLY COOL, AARON.

GREAT, GREAT IDEA.

ON TO TWO FOUR DASH 2 1 27 EXECUTIVE DIRECTOR'S REPORT.

OKAY, MOVING

[Executive Director’s Report]

ALRIGHT, THANK YOU, MADAM CHAIR.

UH, IT'S BEEN A BUSY MONTH, UH, SINCE THE, AND I WAS NOT HERE WITH THE LAST MEETING.

ALICIA, UH, RAN THAT MEETING.

SO GOOD TO SEE EVERYBODY.

UM, WE HAVE A LOT COMING UP.

NOVEMBER IS, UH, EXTREMELY BUSY AND IT LEADS RIGHT INTO A BUSY DECEMBER.

AND SO KICKING IT OFF, ONE OF THE THINGS WE ARE HOSTING IS THE T-A-C-V-B, WHICH IS, UM, THE TEXAS ASSOCIATION OF CONVENTION VISITORS BUREAUS, LONG NAME.

UM, SO WE'LL GO WITH THE ACRONYM.

WE'RE HOSTING THE T-A-C-B-B REGIONAL ROUND TABLE, UH, ON NOVEMBER 14TH HERE IN MCKINNEY.

UM, SO THIS IS AN OPPORTUNITY FOR NEIGHBORING, UH, CITIES TO COME OVER.

UM, THE ORGANIZATION WILL BE HERE AND, UH, THEY'LL BE A GUEST SPEAKER.

AND SO WE'RE HOSTING THAT AT IMPACT.

UM, BUT THEY ALSO, UH, WRAPPED THE BOARD RETREAT AND, UM, BOARD MEETING, UH, BOARD RETREAT AND BOARD DINNER AND OVERNIGHT AND ALL OF THAT, UM, IN WITH THIS MEETING.

SO SINCE I JUST ROLLED ON THAT BOARD, I DON'T HAVE TO TRAVEL TO THIS ONE.

SO I'M EXCITED TO, UH, WELCOME THE FULL T-A-C-V-V BOARD TO MCKINNEY.

UM, AND WE'LL SPEND SOME TIME AT THE GRAND MEETING ON THE 13TH AND THEN ROLL STRAIGHT INTO THE RETREAT, UH, THE, UM, ROUND TABLE ON THE 14TH.

SO THAT SHOULD BE A GOOD, UH, A GOOD WAY TO SHOW OFF MCKINNEY.

UM, A COOL OPPORTUNITY MAYBE FOR SHOWING OFF FOR A FUTURE WINTER CONFERENCE OR SOMETHING.

SO WE'LL SEE.

UH, ALSO COMING UP, UH, ONE OF THE THINGS THAT, UM, UH, CITY MANAGER PAUL GRIMES MENTIONED WAS, UH, SOME BIG EVENTS COME, UH, THAT HE'S EXCITED ABOUT.

ONE OF THOSE BEING THE BILLIE JEAN KING CUP PLAYOFF MATCH.

I KNOW WE'VE MENTIONED IT HERE, BUT NOW IT'S RIGHT ON OUR HILLS, NOVEMBER 16TH AND 17TH AT THE COURTS OF MCKINNEY.

WE'VE BEEN WORKING THROUGH ALL OF THE FINAL LOGISTICS BEHIND THAT EVENT.

UM, OBVIOUSLY, UH, IT'S, IT IS NEVER BEEN DONE AT OUR FACILITY, AND SO THERE'S A LOT OF NEW THINGS BUILDING IN, UM, THE RAISED SEATING ON THE INDOOR OF THE, THE COURT STILL HAVE ABOUT 1200 SEATS.

UM, TICKETS ARE AVAILABLE FOR BOTH DAYS ONLINE.

UH, THIS IS UKRAINE VERSUS AUSTRIA.

SO WE ARE HOSTING BOTH, UH, TEAMS HERE IN MCKINNEY.

THEY WILL BE HAVING A, UM, A SPECIAL VIP RECEPTION DOWN AT SMU ON THE SMU CAMPUS, UM, BECAUSE THIS IS OUR, THE PARTNER IN THIS IS THE, UH, BUSH, UM, TENNIS CENTER.

AND SO ON THURSDAY NIGHT, UM, PAUL AND MAYOR FULLER WILL BE HEADING DOWN TO, UM, SMU TO REPRESENT, UM, US THERE.

AND OVERALL JUST A REALLY COOL OPPORTUNITY FOR US TO PLAY HOST HOME FOR UKRAINE.

THEY'RE THE HOME TEAM.

THEY CAN'T PLAY IN UKRAINE RIGHT NOW.

AND SO, UH, THROUGH A CHAIN OF EVENTS, MCKINNEY IS ESSENTIALLY HOST HOME, UM, FOR UKRAINE AT THAT EVENT.

AND SO, UH, EXCITED TO SEE IT HAPPEN.

THEY WILL BE HERE FOR QUITE A WHILE.

THEY, I THINK THEY GET HERE NOVEMBER 11TH, AND THEY STAY, UM, THROUGH OUT THE, UH, DURATION OF THE EVENT.

AND SO I'M LOOKING FORWARD TO HAVING EVERYONE HERE.

ANOTHER FUN EVENT THAT, UH, THAT ALICIA REALLY, UM, HEADED UP WAS THE TEXAS STATE SILVER GLOVES BOXING MATCH.

THE REASON WHY THIS ONE IS FUN TO ME IS, UH, PART OF OUR JOB IS LOOKING FOR CREATIVE OPTIONS FOR PEOPLE, UH, WHEN IT, ESPECIALLY WHEN IT COMES TO PEOPLE NEEDING LARGER FACILITIES, THEY, UH, THEY ASKED IF WE HAD SOMEWHERE TO HOST A BOXING MATCH.

THEY GAVE US THE SIZE.

AND IN OUR, IN OUR EASY, UM, UH, VENUES, WE DIDN'T HAVE THAT.

UM, BUT WE REMEMBERED, UH, PAST CONVERSATION WITH THE VOLLEYBALL FACILITY IN NORTH MCKINNEY.

UM, UM, ART ARTE, I SAY IT WRONG EVERY TIME, SO APOLOGIZE.

UM, BUT WE REMEMBERED THAT THEY WERE OPEN TO THINGS OUTSIDE OF VOLLEYBALL IF IT FIT.

UM, WE SHARED THAT CONTACT, IT WORKED OUT.

AND SO THEY'RE ACTUALLY GONNA HOST, UH, THE FULL BOXING MATCH UP THERE.

AND, UH, ANOTHER EVENT THAT WE'RE EXCITED TO MAYBE SNAG SOME PHOTOS OF TO SHOW ALTERNATE USES OF, OF SOME OF OUR LARGER FACILITIES.

AND THAT WRAPS UP DECEMBER.

AND WE GO STRAIGHT INTO, UH, UM, UH, I MEAN, NOVEMBER, IT GOES STRAIGHT INTO DECEMBER, WHICH IS WHEN WE HOST OUR DIVISION TWO NATIONAL CHAMPIONSHIP FOR THE FOOTBALL GAME.

UH, WE ARE MONITORING THE TEAMS RIGHT NOW.

IT'S STILL EARLY TO KNOW WHO IS GONNA, UM, BE AT THAT GAME.

UH, I BELIEVE COUNCILMAN BELL'S ALMA MATER IS NOT TOTALLY OUT OF THE PICTURE, BUT, UM, WE'LL SEE IF THEY CAN COME BACK AND REPEAT.

UH, WE WOULD GLADLY ACCEPT THEM BACK IN MCKINNEY.

UH, SO,

[00:35:01]

UH, ALSO ON THE D TWO GAME, UM, IF YOU DID NOT SEE IT SOMEWHERE ELSE, WE DID WIN THE BID THROUGH NCAA FOR AN ADDITIONAL TWO YEARS, UM, FOR THAT GAME.

SO WE HAVE 20, UH, 4, 25, 26, AND 27 SECURED.

AND AGAIN, IN THE NEXT YEAR OR TWO, THEY'LL PROBABLY GO BACK OUT FOR BID FOR THE YEARS BEYOND THAT.

AND WE'LL KEEP PUSHING FORWARD.

I THINK THEY FOUND A HOME IN MCKINNEY, AND I HOPE THEY, THEY CONTINUE TO, TO STAY HERE MARCH.

UH, WE, UM, WE WON A PROFESSIONAL PICKLEBALL EVENT FOR THE COURTS OF MCKINNEY.

UM, THIS IS GOING TO BE, BE APPROXIMATELY A THOUSAND OR SO PLAYERS.

SOME OF THE TOP, UH, TOP 10 IN THE WORLD WILL BE ON SITE, UM, SEVERAL THOUSAND ATTENDEES EVERY DAY.

THERE'S ACTUALLY $115,000 BUILD OUT ON SITE JUST TO PUT THE, UM, FACILITIES, UM, AROUND THE COURTS THAT RAISE, UH, STADIUM SEATING, VIP PLATFORMS, KIND OF LIKE A MINI BYRON NELSON ESQUE, UH, EXPERIENCE OUT AT THE COURTS OF MCKINNEY.

AND THERE WILL BE, UH, NATIONAL, IT'LL BE NATIONALLY TELEVISED.

SO ESPN, UM, WILL BE ON SITE.

I DON'T KNOW WHICH ESPN CHANNEL, I DON'T KNOW WHICH ONE PLAYS, UH, PICKLEBALL, BUT IT WILL BE NATIONALLY TELEVISED.

SO, UM, THAT'LL BE ANOTHER WAY FOR MCKINNEY'S NAME TO BE, UM, SPREAD TO THE PUBLIC.

UM, BUT THAT WAS A COMPETITIVE BID.

THERE WERE BIDS IN, UM, IN OTHER STATES AS WELL.

AND, UH, AND WE SECURED THAT EVENT.

AND THEN IMMEDIATELY FOLLOWING THAT, WE'LL BE HOSTING THE INTERNATIONAL GIRLS CUP OF MCKINNEY.

UH, I THINK WE TALKED A LITTLE BIT ABOUT THAT LAST TIME, BUT ANOTHER, UM, UH, WONDERFUL EVENT, UH, MULTIPLE THOUSAND, UM, PEOPLE IN TOWN FOR, UH, THE SOCCER.

AND THEN, UH, I THINK THAT WRAPS UP SOME OF THE BIG WINS FROM, UH, FROM THE CELL SIDE, BUT IT, THERE'S A, A COMMON THEME AND IT'S SPORTS.

AND, UM, MCKINNEY SEEMS TO BE A, UM, A HOT, UH, PLACE TO, TO BRING SPORTS TOURNAMENTS LIKE THAT.

AND THERE'S A HUGE ECONOMIC IMPACT FOR US, AND THEY FILL UP OUR HOTELS.

UM, AND SO WE WERE REALLY HAPPY TO, TO SEE SOME OF THOSE SUCCESSES.

THE SOCCER TEAM IS OFFICIALLY THE CHUPA.

OH, YEAH, THERE IS.

WE HAVE A, UH, PROFESSIONAL, UM, A SEMI-PRO PROFESSIONAL SOCCER TEAM COMING TO MCKINNEY, THE, UH, MCKINNEY CHUPA CABRA.

UH, AND SO THEY WILL PLAY AT RON PO AT A STADIUM FOR THE FIRST COUPLE YEARS, REALLY BUILD OUT THEIR TEAM, BUILD OUT THEIR FAN BASE, AND THEN IF THERE'S A FUTURE FOR SOMETHING ELSE, THEY MIGHT LOOK AT A MORE PERMANENT HOME.

BUT, UH, RON PO'S GONNA BE A GREAT HOME FOR THEM.

THEY DO PLAY IN THE SUMMER, SO THAT WORKS OUT WITH THE SCHOOL DISTRICT SCHEDULE.

UM, GO GET YOUR GEAR.

UM, THEY, THEY'RE SELLING GEAR.

A FEW OTHER, UH, QUICK UPDATES FOR YOU GUYS, AND THEN WE'LL MOVE ON.

UM, ALICIA ATTENDED THE SPORTS RELATIONSHIP CONFERENCE IN WICHITA, UM, JUST LAST WEEK, WAS IT LAST WEEK OR TWO WEEKS AGO? TWO TIME FLIES AROUND HERE, TWO WEEKS AGO.

UM, AND, UH, AGAIN, THAT WAS THE, WITH THE DEBUT OF THE SPORTS TRADING CARDS.

UH, BUT SHE CAME BACK WITH A, A FEW REALLY INTERESTED EVENTS AND A POTENTIAL SITE VISIT COMING UP IN NOVEMBER.

AND, UM, SO AGAIN, THAT'S KIND OF A, A SPEED DATING ESQUE, UH, SITUATION WITH SPORTS PLANNERS.

IF YOU CAN IMAGINE A BUNCH OF TABLES AND YOU GET TO SIT DOWN AND PICTURE YOUR STORY IN JUST A COUPLE MINUTES.

UM, THAT WAS THAT EVENT.

UM, BETH DID HELP WITH THE BENJI EVENT.

YOU SHOUTED THAT OUT, BUT I JUST WANT TO SAY, UM, THAT WAS HER CAPSTONE PAPER FOR TOURISM COLLEGE.

THAT'S SOMETHING WE TRY TO SEND ALL OUR, UH, OUR FULL-TIME STAFF TO, IT'S A THREE YEAR, UM, CERTIFICATION PROGRAM THROUGH, UH, THE TEXAS TRAVEL ALLIANCE.

AND THAT WAS HER PROJECT.

SHE DID A COUPLE, TWO YEARS AGO, I BELIEVE, UM, AS HER PAPER.

AND THIS WAS THE FRUITION OF THE EVENT.

SO IT WAS KIND OF COOL TO SEE IT COME FROM, UH, WORDS ON A DOCUMENT TO A REAL LIFE EVENT.

AND, UM, THE BENJI CROWD, THEY MAY, THEY MAY BE, UH, KIND OF SMALL, BUT THEY ARE MIGHTY, AND THEY COME OUT AND THEY, THEY, THEY CELEBRATED BIG.

AND SO I'M HAPPY THAT THAT HAPPENED FOR THE 50TH ANNIVERSARY OF THAT FILM.

UH, AND THEN LASTLY, UM, PAULA, UH, JUST ASSISTED THE, UM, ADMINS AROUND THE CITY WITH THE BOARDS AND COMMISSIONS EVENT.

SO IF YOU ATTENDED THAT THE OTHER NIGHT, UM, PAULA WAS ONE OF THE, UH, ONE OF THE PEOPLE WHO, UM, WORKED SEVERAL MONTHS PLANNING AND PUTTING THAT ON.

AND SO, UM, HUGE KUDOS TO THAT, AND I THOUGHT IT WAS A GREAT EVENT.

SO LOOKING FORWARD TO FUTURE ONES.

THAT'S MY REPORT FOR ANY QUESTIONS? QUESTIONS.

SO I THINK WE FORGOT TO TALK ABOUT THE, UM, THE LUNAR FESTIVAL.

SO BETH AND I WENT OUT TO THAT, AND THAT WAS REALLY, THAT WAS REALLY NEAT.

SO, UM, I'M PROUD OF HOW THAT ORGANIZATION IS, IS GROWING, AND THANK YOU FOR WELCOMING THEM.

IT WAS FUN.

IT WAS SUPER FUN.

UM, OKAY, MOVING ON TO REGULAR AGENDA ITEMS TWO FOUR DASH 2 1 2 8, UPDATE ON MCKINNEY HOTELS.

PERFECT.

I'M GONNA DO IT ON HERE.

[00:40:03]

THANK YOU AGAIN, MADAM CHAIR.

UM, THIS PRESENTATION WAS ACTUALLY REQUESTED BY PRESIDENT SIBBEL OF, UH, MCDC.

AND SO I PRESENTED THIS AT THEIR BOARD MEETING JUST, UH, LAST WEEK.

UM, AND WHILE I HAD IT TOGETHER, UH, I THOUGHT THE INFORMATION WOULD BE BENEFICIAL FOR OUR BOARD TO SEE AND, UM, HAVE A MORE DETAILED UNDERSTANDING OF WHERE WE ARE AT AS FAR AS HOTEL DEVELOPMENT GOES IN MCKINNEY, AND A FEW OF OUR POTENTIAL, UM, OPPORTUNITIES FOR FUTURE DEVELOPMENT.

SO, I'LL, I'LL JUMP INTO THIS REAL QUICK IF I CAN GET IT TO, OKAY.

AND I DO APOLOGIZE FOR THAT LINE AT THE TOP.

WHEN IT WENT FROM CANVA TO PDF, IT THREW A LINE UP THERE.

AND SO THAT WAS NOT IN MY ORIGINAL, UM, PRESENTATION.

UH, BUT THIS IS A, UH, MAP, A KIND OF A HEAT MAP OF WHERE OUR MCKINNEY HOTEL PROPERTIES ARE.

AND SO YOU CAN SEE THAT HIGHWAY 75 IS REALLY THE PREDOMINANT LOCATION FOR OUR HOTELS.

AND THEN YOU'RE STARTING TO SEE A FEW MORE TRICKLE DOWN, UM, UH, 1 21, AND THEN YOU'VE GOT KIND OF YOUR ONE DOWN, UM, THREE 80, UM, TOWARDS THE WEST SIDE.

THAT'S OUR FAIRFIELD PROPERTY.

AND SO, UM, JUST TO HAVE AN UNDERSTANDING FROM A MAP STANDPOINT OF WHERE OUR HOTELS ARE AND WHERE WE CAN PLACE PEOPLE.

UH, WE HAVE 20 ACTIVE PROPERTIES, MEANING THEY'RE BOOKING ROOMS TODAY.

WE HAVE FOUR PROPERTIES THAT ARE CURRENTLY UNDER CONSTRUCTION.

UM, A COUPLE OF THOSE, UH, SHOULD BE OPENING FAIRLY SOON.

UM, DENNIS MCKINNEY SHOULD BE OPENING, UM, BY DECEMBER 1ST, AND SO THAT'S RIGHT AROUND THE CORNER.

AND, UM, AND THE TRUE BY MCKINNEY AS WELL.

IT'S GETTING CLOSE.

I'LL SHOW YOU SOME PICTURES IN A SECOND OF THOSE.

OUR LARGEST MEETING SPACE, IF ANYONE EVER ASKS YOU, IS 7,600 SQUARE FEET.

THAT IS THE BALLROOM SPACE AT THE SHERATON MCKINNEY.

SOME OF OUR HOTEL CONSTRUCTION UPDATES, UH, AGAIN, DENISON MCKINNEY, UH, IS AT DISTRICT 1 21.

THAT IS A BOUTIQUE HOTEL.

UM, IT IS GOING TO BE WALKABLE, UM, WHICH IS A COMMENT WE HEAR A LOT ABOUT OUR HOTEL PROPERTIES, NEEDING THEM IN WALKABLE URBAN ENVIRONMENTS WHERE YOU CAN WALK OUT OF YOUR ROOM AND WALK TO A RESTAURANT, WALK TO A BAR, GRAB A DRINK.

UM, AND SO WE'RE REALLY EXCITED TO GET THAT ONE OFF THE GROUND.

WE'VE ALREADY HAD SEVERAL GROUPS COME THROUGH THAT HAVE SEEN IT AND HAVE BEEN INTERESTED IN IT, BUT IT'S JUST NOT QUITE OPEN YET.

UM, POTENTIALLY A SOFT OPENING MID TO LATE NOVEMBER.

UM, BUT THEY'RE OFFICIALLY BOOKING ON THEIR WEBSITE DECEMBER 1ST.

THE TRUE BY, UH, HILTON AND MCKINNEY AT CRAIG DRIVE HAS BEEN UNDER CONSTRUCTION, I WANNA SAY, FOR A COUPLE YEARS.

UM, IT HAS BEEN A, A LONG JOURNEY TO GET HERE.

THEY ARE HIRING STAFF GM AND SUCH.

UM, IN FACT, THEY, I BELIEVE THEY HAVE THEM HIRED AT THIS POINT.

YOU CAN BOOK ROOMS OFFICIALLY ON THEIR WEBSITE, I BELIEVE, FOR FEBRUARY.

AND SO, UM, BARRING ANY, ANY OTHER CONSTRUCTION RELATED ISSUE OR ANY FINAL THING, WE SHOULD HAVE THAT AS AN ACTIVE PROPERTY ON THE BOOKS EARLY 2025.

THE AVID HOTEL IS, UM, ON THE, IS ON, UM, HIGHWAY 75, UM, KIND OF SOUTHBOUND, AND IT IS A SELECT SERVICE, MID-TIER, UM, PROPERTY.

IT'LL BE GREAT FOR SPORTS WEDDINGS AND KIND OF YOUR, YOUR LEISURE TRAVELER.

AND IT IS MOVING PRETTY QUICK.

IT'S, UH, CONSTRUCTION'S MOVING.

GREAT.

AND THEN FINALLY AT HUB 1 21, DIRECTLY IN FRONT OF INDEPENDENT FINANCIAL IS THE AC, UH, HOTEL BY MARRIOTT.

UH, REALLY EXCITED ABOUT THIS PROPERTY.

IT IS A, IT IS TECHNICALLY A FULL SERVICE PROPERTY BECAUSE IT WILL HAVE A ROOFTOP RESTAURANT BAR.

THERE'S A SMALL AMOUNT OF MEETING SPACE, BUT IT DOES HAVE SOME, UM, AND IT WILL BE A MARRIOTT FLAG, WHICH IS VERY ATTRACTIVE FOR OUR CORPORATE CLIENTS THAT ARE MOVING THROUGH.

SO TO HAVE A, A HIGHER TIER, UM, MARRIOTT TO, UM, ASSIST US IN AN ANOTHER WALKABLE ENVIRONMENT IS GOING TO BE ATTRACTIVE.

CURRENT HOSPITALITY NEEDS, THESE ARE THE THINGS WE HEAR WHEN WE TRAVEL AND WE MEET WITH, UH, POTENTIAL, UH, CLIENTS, WHETHER THAT'S, UM, TRYING TO WIN OUR CORPORATE BUSINESS IN MCKINNEY OR TRYING TO RECRUIT A CONFERENCE TO MCKINNEY.

WE HEAR THAT WE NEED A HOTEL WITH MORE THAN 200 ROOMS UNDER ONE ROOF.

UM, IT IS, UH, VERY RARE THAT A CONFERENCE WANTS TO BRING, UM, THEIR EVENT TO YOUR CITY, EVEN IF YOU HAVE THE RIGHT MEETING SPACE.

BUT IF YOU CAN'T PUT THEM UNDER ONE ROOF, THAT IS TYPICALLY, UH, A HURDLE THAT WE HAVE TO CROSS.

UM, WILL THEY DO AN OFFSITE FOR, UM, UH, FOR LEFTOVER ROOMS? YES.

UM, TYPICALLY YOU CAN CONVINCE 'EM TO DO THAT, UM, IF IT'S THE RIGHT EVENT, BUT THEY'RE LOOKING FOR A MAJORITY OF THEIR GUESTS BEING ABLE TO STAY AT THE CONFERENCE, HOTEL.

UM, 200.

UH, WE DO NOT HAVE A HOTEL WITH OVER 200 ROOMS. I THINK BELIEVE ALL OF OUR NEIGHBORS HAVE MULTIPLE, UM, HOTELS, UH, BEYOND THAT SIZE AT THIS POINT.

WE NEED, UM, UPPER TIER PROPERTIES AND WALKABLE ENVIRONMENTS.

[00:45:01]

UM, AND SO IN A SECOND I'LL SHOW YOU A MAP OF WHERE OUR PROPERTIES FALL AS FAR AS THEIR TIERS.

UM, BUT YOU'LL NOTICE THAT WE HAVE A HUGE GAP IN THE, UM, TOP TIER.

AND THAT IS SOMETHING THAT WE HEAR, UM, FROM OUR CLIENTS.

AND WE ACTUALLY LOSE A LOT OF OUR, UH, IN FACT, MOST OF OUR CORPORATE BUSINESS TO OUR NEIGHBORS.

UM, BECAUSE, UH, THEY ARE PUTTING THOSE, THOSE CORPORATE GUESTS, VIP GUESTS AND HIGHER END PROPERTIES LIKE WESTIN OMNI, UM, AND SUCH, UM, IN NEIGHBORING CITIES, THE AMOUNT OF MEETING SPACE THAT MAKES US, UM, COMPETITIVE IN THE MARKET AND ALLOWS US TO GO AFTER JUST ABOUT ANYTHING WE WOULD WANT, NOT EVERYTHING, BUT JUST ABOUT ANYTHING WE WOULD WANT TO GO AFTER FOR MCKINNEY WOULD BE APPROXIMATELY 45,000 SQUARE FEET TOTAL.

THAT INCLUDES BALLROOM BREAKOUT SPACE, UM, YOUR, UH, OUTSIDE EVENT SPACE FOR YOUR VENDORS.

UM, BUT THAT WOULD ALLOW US TO BE WAY MORE COMPETITIVE.

AND SO HAVING THAT AMOUNT OF SQUARE FOOTAGE, UM, IS SOMETHING THAT, THAT WE SEE AS A GAP.

AND THEN LASTLY, UM, A SECOND FULL SERVICE PROPERTY WITH MEETING SPACE, UH, MORE, MORE MEETING SPACE IN THE AC, UM, WILL PROVIDE.

UM, BUT WE NEED A SECOND FULL SERVICE PROPERTY, SO THAT EVENTS LIKE D TWO FOOTBALL WHEN THEY COME TO TOWN, WE CAN KEEP BOTH TEAMS IN MCKINNEY.

UM, CURRENTLY ONE TEAM STAYS AT THE SHERATON MCKINNEY AND THE OTHER, UM, STAYS IN ALLEN.

AND SO, UM, WE ARE MISSING THAT GAP OF A FULL SERVICE PROPERTY, UM, TO HOST OUR OWN EVENTS.

I'M NOT GONNA, UH, STAY ON THIS TOO LONG, BUT I WANTED TO PROVIDE IT TO YOU AND, UM, YOU CAN READ IT LATER, BUT THIS IS, UH, HOW COSTAR, WHICH IS OUR PLATFORM FOR PROPERTIES, UM, BREAKS DOWN HOTELS, BUY, UM, THEIR, THEIR, UM, MARKET CLASS.

SO YOU HAVE LUXURY UPPER SCALE, UH, UPPER UP, UPSCALE, UPSCALE, UPPER MIDSCALE, BLAH, BLAH, BLAH.

SO IT JUST KEEPS GOING DOWN.

UM, BUT THAT IS THE, THE BREAKDOWN OF TIERED PROPERTIES.

AND THEN THEY ALSO BREAK IT DOWN INTO ANOTHER SUBCLASS, UM, WHICH IS HOW I'M ACTUALLY GONNA SHOW YOU OUR HOTELS ON THE NEXT SLIDE.

THIS IS, UH, HOW, UM, OUR HOTELS BREAK DOWN BY CLASSES, UM, BY SUBCLASS, IF YOU SEE, UM, UNDER CONSTRUCTION AND PROPOSED PLANNING.

I DO WANNA SAY THAT, UM, ALL PROPERTIES THAT ARE POTENTIAL IN MCKINNEY THAT HAVE MADE IT TO A CERTAIN POINT END UP IN COSTAR AS PER AS EITHER IN PROPOSED OR PLANNING.

MY ASTERISK ON THAT IS THAT DOES NOT MEAN THAT THAT HOTEL IS GONNA BE BUILT IN MCKINNEY.

IT MEANS THAT IT IS BEING, UM, TALKED ABOUT, LOOKED AT, UM, BUT THERE IS A CHANCE THAT IT COULD FALL OFF AND BECOME ABANDONED AT SOME POINT DOWN THE ROAD.

UM, AND SO I, I WANTED TO GIVE YOU ALL THE DATA THAT SHOWS UP.

UM, BUT JUST BECAUSE IT'S IN THAT, UM, ORANGE-ISH COLOR DOES NOT MEAN IT'S FOR SURE GONNA HAPPEN UNTIL, UNTIL A SHOVEL HITS THE GROUND.

UM, YOU KIND OF WAIT TO SEE THAT.

SO IF YOU LOOK AT UPPER TIER, UH, WE HAVE ONE PROPERTY IN MCKINNEY THAT TECHNICALLY FALLS IN THAT, AND IT'S REALLY BORDERLINE.

IT'S ON THE EDGE OF FITTING INTO UPPER TIER, AND THAT IS OUR SHERATON MCKINNEY HOTEL.

UM, AND SO THEN THERE IS ONE PROPERTY IN COSTAR THAT FITS IN THERE THAT IS, UM, UPPER TIER THAT'S IN PROPOSED AND PLANNING.

UM, IN MCKINNEY, IF YOU LOOK AT MID TIER, THIS IS WHERE EVERYTHING SEEMS TO BE HAPPENING.

UM, IN MCKINNEY.

IT'S ALSO THE HOTTEST HOTEL, UM, UH, UH, DEVELOPMENT MARKET ACROSS THE COUNTRY RIGHT NOW.

AND SO, UM, IT'S NOT ABNORMAL TO SEE THIS, AND, AND WE SEEM TO BE FOLLOWING THAT TREND.

UM, BUT THAT'S WHERE MOST OF OUR PROPERTIES ARE.

WE HAVE, UH, FOUR UNDER CONSTRUCTION IN THAT CATEGORY.

AND THEN WE HAVE SEVERAL MORE UNDER PROPOSED PLANNING IN THAT CATEGORY THAT ARE, UM, THAT ARE SERIOUSLY LOOKING AT BUILDING IN MCKINNEY.

AND THEN, BECAUSE WE ARE THE COUNTY SEAT AND WE'RE THE OLDEST CITY, UM, HERE IN THE COUNTY, WE DO HAVE SOME OF THE OLDEST PROPERTIES, UM, AS WELL.

AND SO YOU'LL SEE SOME OF OUR LOWER TIER, THOSE ARE, UH, SOME OF THE OLDER PROPERTIES YOU SEE IN MCKINNEY.

THEY STILL ARE ACTIVE HOTELS AND PAY HOT TAX, UM, BUT THEY WOULD FIT IN THAT CATEGORY.

UH, SOME OF THE DATA THAT, THAT YOU SEE, YOU GUYS GET TO SEE THIS MORE REGULARLY THAN THE OTHER BOARDS THAT I MIGHT PRESENT THIS TO.

UM, BUT WE CURRENTLY HAVE, UH, UH, JUST SHY OF 1700 SLEEP ROOMS IN MCKINNEY.

WE HAVE 414 ROOMS CURRENTLY UNDER CONSTRUCTION.

UM, AND SO I, YOU'D HAVE TO LOOK AT HISTORY, BUT I DON'T KNOW THE LAST TIME WE'VE HAD 400 ROOMS UNDER CONSTRUCTION IN MCKINNEY, WHICH IS A GREAT TREND TO SEE.

UM, AGAIN, ALL MID-TIER, UH, PRODUCT, BUT, UM, BUT WILL BE BENEFICIAL FOR US.

UM, AND THEN OCCUPANCY RATES, EVEN THOUGH IT'S JUST, UH, JUST SLIGHTLY DOWN, UM, WE ARE RUNNING AT RIGHT, UH, 69% OCCUPANCY.

AND IF YOU SCROLL DOWN THAT LIST, UM, YOU'LL SEE THAT IT IS THE HIGHEST OF ALL OF OUR, UM, NEIGHBORING COMMUNITIES AS FAR AS THE OVERALL OCCUPANCY FOR THE YEAR.

UM, AND SO THAT'S A TREND, UH, THAT WE LIKE TO SEE.

THE, UH, MY ASTERISK ON THIS SLIDE IS THAT WHEN WE ADD 400 ROOMS INTO OUR MARKET, UH, WE'RE PROBABLY GONNA SEE SOME

[00:50:01]

CHANGING TRENDS THROUGHOUT ALL OF OUR DATA.

YOU ARE GONNA SEE DIFFERENT ADRS START POPPING UP.

YOU MIGHT SEE OCCUPANCY RATES START CHANGING, UM, AND, UM, AND ULTIMATELY REVPAR WILL, YOU KNOW, THERE'LL BE SOME IMPACT THERE.

UM, THAT'S JUST SOMETHING FOR US TO WATCH 'CAUSE WE HAVEN'T HAD AN INFLUX OF ROOMS LIKE THAT IN OUR MARKET IN YEARS.

AND, UM, SO I'M ANXIOUS TO SEE WHAT THAT DOES.

HOTELS WITH MEETING SPACE, UH, ACCORDING TO COSTAR, THIS IS, IS EVERY PROPERTY THAT HAS ANY, UM, MEETING SPACE WHATSOEVER.

SO I INCLUDED IT.

UM, BUT I DID HIGHLIGHT THE ONLY TWO PROPERTIES THAT WE REALLY ARE ABLE TO BRING ANY TYPE OF GROUP BUSINESS TO.

UM, AND THAT IS THE SHERATON.

OBVIOUSLY YOU GUYS HAVE ATTENDED EVENTS THERE, YOU KNOW, UM, WHAT THEY HAVE AND THE GRAND HOTEL, UM, WITH THEIR MEETING SPACE AND THEIR OPPORTUNITY TO USE OTHER VENUES NEIGHBORING, UM, GATHER IMPACT, UM, SIMILAR SIZE VENUES LIKE THAT.

WE ARE ABLE EVERY ONCE IN A WHILE TO HOST A SMALL BOUTIQUES TYPE, UH, GROUP OR CONFERENCE.

UM, BUT IT HAS TO BE FAIRLY, FAIRLY SMALL TO PULL THAT OFF.

THIS IS AN IMPORTANT SLIDE FOR, UM, EVERYBODY IN THE ROOM.

OBVIOUSLY WE ALL KNOW ABOUT, UH, VENUE COMING AND, UH, HOPEFULLY HAVING THEIR FIRST SHOW IN 2026.

UH, WE ANTICIPATE OVER 700,000 VISITORS COMING TO MCKINNEY JUST FOR THIS VENUE.

UH, ONCE THAT IS FULLY OPERATIONAL, INCREDIBLE NUMBER, UH, WE ANTICIPATE ACCORDING TO DATA THAT OVER 54,000 ROOM NIGHTS WILL BE ATTRIBUTED TO THAT VENUE ALONE, UM, FROM THE GUEST ATTENDING THAT SHOW.

AND, UH, AND THEN A REMINDER THAT WE HAVE 1,675 TOTAL ROOMS. AND JUST A COUPLE WEEKENDS AGO, IT WAS THE WEEKEND OF THE TEXAS OU GAME.

UM, SO I DON'T HAVE IT DATED NECESSARILY TO PROVE THAT THAT IS WHAT IT WAS.

UM, BUT I HAVE SOME ASSUMPTIONS.

THERE WERE A COUPLE THINGS HAPPENING THROUGHOUT THE CITY AS WELL.

UM, WE WERE RUNNING, UH, FRIDAY AND SATURDAY AT 96 AND 97% OCCUPANCY ON THOSE TWO DAYS.

UM, AND, AND THAT'S A TREND, IF Y'ALL REMEMBER, UH, THROUGHOUT THE PAST YEAR, WHEN WE GET TO PEAK SEASONS, THAT'S A TREND WE SEE CONSISTENTLY HIGH 90% OCCUPANCIES IN MCKINNEY WITH OUR CURRENT HOTEL PRODUCT.

SO MY, MY PITCH HERE AND WHAT I TALK WITH, UM, OUR, UM, ECONOMIC DEVELOPMENT PARTNERS A LOT, AND THEY ACTUALLY TALK ABOUT A LOT OUT ON THE ROAD, IS THAT WE WANNA KEEP AS MANY OF THOSE 54,000, ALMOST 55,000 ROOM NIGHTS IN MCKINNEY AS WE CAN.

BUT ASSUMING THOSE CONCERTS ARE GONNA BE COMING ON OUR, UM, OUR FRIDAY AND SATURDAY NIGHTS PREDOMINANTLY AND PREDOMINANTLY IN OUR PEAK SEASONS, UM, UNTIL WE ADD HOTEL ROOM NIGHT OR HOTEL, HOTEL PRODUCT ON THE GROUND, A LOT OF THAT IMPACT IS GONNA GO TO OUR NEIGHBORS.

UM, AND SO MCKINNEY IS RIPE FOR HOTEL DEVELOPMENT.

UM, AND I THINK WE'RE STARTING TO SEE THAT TREND.

UM, BUT WE, WE DEFINITELY WANT TO, UM, KEEP ADDING, I'M GONNA FLY THROUGH THIS, BUT, UM, THERE WERE A COUPLE BIG STORIES HERE RECENTLY, UM, ON COSTAR RELATED TO HOTEL PRODUCT.

UM, THE SUBMARKET OF VINTON, LEWISVILLE, AND MCKINNEY IS THE, UM, HAS THE MOST NEW HOTEL ROOM NIGHTS BEING BUILT, UM, ON THE GROUND TODAY.

I, I BELIEVE THAT, UM, FRISCO AND OTHERS ARE PROBABLY LUMPED INTO THAT SUBMARKET, BUT THERE'S ALMOST 1500 NEW HOTEL, HOTEL NIGHTS UNDER CONSTRUCTION.

UM, CURRENTLY IN THAT MARKET, 54% OF THOSE ROOMS ARE MID-TIER CLASS.

UM, AND SO THAT, THAT GOES BACK TO THE POINT EARLIER, THE TREND WE'RE SEEING IN MCKINNEY, UH, MOSTLY MID-TIER.

THAT'S WHAT YOU'RE SEEING IN THE ENTIRE MARKET.

THE SECOND, UH, UH, STORY THAT POSTED IS LOOKING FORWARD TO 2025.

AND I THINK IT'S THE NEXT SLIDE, I DON'T THINK.

YEAH, THERE WE GO.

UM, LOOKING FORWARD TO 2025, THAT LUXURY MARKET, THE HIGH, THE HIGHEST TIER HOTEL PRODUCT, UM, AGAIN, WE'RE NOT SEEING A LOT OF THAT INTEREST, UM, TODAY IN MCKINNEY.

I HOPE THAT THAT BEGINS TO CHANGE.

AND BASED ON THIS DATA, UM, LOOKING AT THE DALLAS MARKET, UM, THAT MAY HAPPEN, UH, THERE ARE, UM, 25,000 NEW UPPER TIER ROOMS, UM, AS CLASSIFIED AS LUXURY OR UPPER, UPPER, UPPER UPSCALE, UM, UNDER CONSTRUCTION WITH 31,000 IN THE FINAL PLANNING STAGES.

LOOKING FORWARD TO 2025 ACROSS THE MARKET.

UM, THAT SIGNALS TO ME THAT THE INTEREST IN INVESTORS, THE INTEREST RATES, THINGS LIKE THAT, ARE NOT AS BIG OF AN ISSUE AS THEY WERE EVEN JUST THIS YEAR, EARLIER THIS YEAR.

AND THAT THOSE BIG DEVELOPMENTS ARE STARTING TO HIT THE GROUND AGAIN.

THAT DOESN'T NECESSARILY MEAN IT WILL FOR SURE HAPPEN IN MCKINNEY, UM, BUT IT'S NICE TO SEE TRENDS IN THE MARKET MOVING IN THAT DIRECTION.

AND THIS LAST ONE IS, UH, JUST FOR YOU TO KEEP AND YOU CAN, UH, GO BACK TO, IF YOU EVER WANNA LOOK AT IT.

THIS IS A SCREENSHOT OF OUR ENTIRE COSTAR, UM, LIST OF OUR HOTELS.

IT LISTS THEIR HOTEL CLASS, IT LISTS IF THEY'RE UNDER, IF THEY'RE EXISTING UNDER CONSTRUCTION AND FINAL

[00:55:01]

PLANNING.

AND IT ALSO LISTS THE AMOUNT OF ROOMS, UM, THAT THEY HAVE ON PROPERTY.

SO IF YOU EVER WANT TO LOOK AT THAT DATA AND DIVE INTO THAT, I WANTED YOU TO HAVE THE FULL, UM, LIST OF, OF HOTELS.

AND THAT'S ALL I HAVE, BUT I'LL STAND FOR ANY QUESTIONS.

AT THIS TIME, WE ALLOW FOR ANYBODY FROM THE PUBLIC TO SPEAK ON MATTERS, NOT ON THE AGENDA.

ANYBODY.

[BOARD AND DIRECTOR COMMENTS]

MOVING ON TO BOARD OR COMMISSIONER COMMENTS.

UM, DO WE HAVE ANY BOARD COMMENTS? NO.

WELCOME, JILL.

YEAH, I, I WOULD LIKE TO SAY THANK YOU TO ALL THE BOARD MEMBERS FOR VOLUNTEERING YOUR TIME, SHARING YOUR PASSION FOR THE CITY.

UM, NOBODY'S MAKING YOU DO THIS.

UM, YOU JUST DO IT BECAUSE YOU CARE.

SO THANK YOU FOR THAT.

THANK YOU TO OUR STAFF.

I MEAN, THAT'S, I DON'T KNOW WHAT ELSE TO SAY.

THANK YOU TO OUR STAFF.

YOU GUYS ARE AWESOME.

I CAN'T EVEN EXPLAIN THE CHANGES I'VE SEEN OVER THE LAST FEW YEARS, SO THANK YOU FOR ALL THAT YOU DO.

AND THEN LASTLY, I KNOW I'M RUNNING THIS IN THE GROUND, BUT I'M SO SORRY FOR LAST, LAST MONTH, I MISSED AND I DON'T HAVE A GLAMOROUS REASON.

I JUST DIDN'T SET MY ALARM.

UM, AND SO I AM HUMAN AND THANK YOU TO WHITNEY AND ALICIA FOR RUNNING THAT SEAMLESSLY.

UM, IT WON'T HAPPEN AGAIN.

I MESSED UP MY ATTENDANCE THOUGH.

YEAH, THAT.

THANK YOU GUYS.