Dec 17, 2024 McKinney Economic Development Corporation

[CALL TO ORDER]

[00:00:07]

ACCORDING WENT TO THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION MEETING IS TUESDAY, DECEMBER 17TH, 2024. IT'S THE LAST MEETING OF THE YEAR. WE'RE IN THE COUNCIL CHAMBERS AT 222 NORTH TENNESSEE STREET IN MCKINNEY, TEXAS. THE TIME IS 8:02 A.M. THIS TIME WE'LL CALL THE MEETING TO ORDER. THE MEETING IS BEING BROADCAST LIVE ON CABLE TV THROUGH THE CITY'S WEBSITE AND SPECTRUM 16, AT&T U-VERSE CHANNEL 99, AND ONLINE AT MCKINNEY DOT COM. FIRST ITEM IS PUBLIC COMMENTS ON AGENDA ITEMS. IS THERE ANYBODY THAT WANTS TO MAKE A PUBLIC COMMENT

[CONSENT ITEMS]

OKAY. ALL IN FAVOR? HEY. ALL IN FAVOR? OKAY. PASSES SEVEN ZERO. NEXT, WE HAVE REPORTS, BOARD

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

AND WE WERE ONE OF ONLY WE ARE ONE OF ONLY 26 CITY AND COUNTY BUILDING DEPARTMENTS IN THE COUNTRY TO BE ACCREDITED, AND ONE OF ONLY THREE IN TEXAS, THE OTHERS BEING PLANO AND SAN ANTONIO. SO WE'RE VERY PROUD OF OUR BUILDING INSPECTIONS DEPARTMENT UNDER THE LEADERSHIP OF SUZANNE ARNOLD. SHE'S OUR CHIEF BUILDING OFFICIAL. SHE DOES A GREAT JOB. AND THEY THEY REALLY TAKE THEIR WORK SERIOUSLY. EVERYBODY LIKES TO COMPLAIN ABOUT INSTITUTIONAL FOOD, AS I ALWAYS SAY, AND THINGS LIKE BUILDING INSPECTIONS AND THE OTHER THINGS ARE THINGS THAT WE LIKE TO POINT TO AND SAY, OH, YOU GOT TO GET THE BUILDING INSPECTOR OUT HERE. BUT THEY REALLY ARE PROFESSIONALS. THEY TAKE THEIR WORK VERY SERIOUSLY, AND THEY ALWAYS ARE TRYING TO FIND WAYS OF PLEASING THE CUSTOMERS AND A BETTER WAY POSSIBLE. AND THEY DO LISTEN. SO CONGRATS TO THEM. FINALLY, WE ARE PREPARING TO MOVE. BY THE TIME YOU HAVE YOUR NEXT MEETING, YOUR NEXT MEETING WILL PROBABLY STILL BE HERE. MIKE, I DON'T KNOW IF YOU'VE TALKED WITH BARRY, BUT YOUR YOUR NEXT MEETING WILL PROBABLY STILL BE IN THIS CHAMBER. THE FEBRUARY MEETING WE ARE AIMING FOR IN THE NEW CITY HALL AND THE NEW MEETING AREA. WE WILL BE MOVING IN THE WEEK OF JANUARY 6TH. AND FOR ABOUT THREE WEEKS TO A 2 TO 3 WEEK PERIOD. AND EVERYBODY IN CITY HALL AND DEVELOPMENT SERVICES WILL BE RELOCATED OVER TO THE NEW CITY HALL. WE WON'T HAVE OUR FIRST COUNCIL MEETING PROBABLY TILL THE SECOND MEETING IN FEBRUARY. OUR 2ND FEBRUARY MEETING IS THE IS WHAT WE'RE AIMING FOR. WE JUST NEED TO MAKE SURE THE EQUIPMENT AND EVERYTHING IS WORKING SMOOTHLY BEFORE WE DEPART THIS LOCATION. WE CAN ALWAYS FALL BACK ON THIS IF WE NEED TO. FOR A MONTH OR TWO UNTIL WE WORK OUT ANY OF THE KINKS. BUT WE WILL BE IN CITY HALL IMMINENTLY, WITHIN THREE WEEKS, SO WE'RE LOOKING FORWARD TO THAT. IT'S A NEW ERA FOR MCKINNEY AND I WILL STAND FOR ANY QUESTIONS. DO YOU HAVE A CO? NO. I'M SORRY I DIDN'T CATCH IT.

DID HE SAY WHAT? I MISSED IT. HE SAYS HE DIDN'T HEAR YOU. YEAH. HE SAYS HE DIDN'T HEAR ME.

HONESTLY, I DIDN'T I DIDN'T. DO YOU HAVE A CO. I SAID DO YOU HAVE A CO. DO I HAVE A CO. WELL

[00:05:07]

COULDN'T RESIST. WELL IF OUR FIRE INSPECTORS WERE HERE YOU KNOW SOMETIMES IT'S FIRE.

SOMETIMES IT'S BUILDING AND SOMETIMES IT'S OTHERS IT'S ACCREDITATIONS. DOGGONE THEM.

YES THAT'S RIGHT. WE DO HAVE, I BELIEVE, A TCO. WE HAVE WE'VE HAD A STOCKING PERMIT FOR THE LAST MONTH OR SO. THEY'VE BEEN MOVING FURNITURE IN AND ASSEMBLING IT. BUT WE WILL HAVE A CO BEFORE WE MOVE IN. THANK YOU FOR YOUR MERRY CHRISTMAS. THANK YOU. ANY OTHER QUESTIONS? GO. SNIDE REMARKS. ANY OTHER SNIDE REMARKS? YES. GO! HOOSIERS! GO, HOOSIERS! A TOUGH TIME. YOU KNOW IT'S IN STATE. IT'S IN INDIANA. YEAH! IT'S. TOUCHDOWN! JESUS. THAT'S THAT'S A TOUGH ONE. SO, YEAH, IT SHOULD BE GOOD, THOUGH. THANKS. THANK YOU. WHO ARE THEY PLAYING FOR? DON'T. NEXT IS LISA. IF YOU WANT TO RISK IT. NOPE. Y'ALL ARE VERY FEISTY THIS MORNING. WELL GOOD MORNING. HAPPY HOLIDAYS. HOPE EVERYONE IS READY FOR THE HOLIDAY SEASON WITH YOUR FRIENDS AND FAMILY. A COUPLE OF THINGS I WANTED TO MAKE SURE THAT YOU'RE AWARE OF AND ALSO HAVE ON YOUR CALENDAR. WE HAVE. SPEAKING OF PAUL GRIMES, OUR NEXT CEO SERIES IS GOING TO FEATURE MR. GRIMES HIMSELF. IT WILL BE HELD AT IMPACT ON JANUARY THE 16TH, SO BE SURE TO GET YOUR TICKETS SO THAT WE CAN ALL GLEAN SOME WISDOM FROM OUR CITY MANAGER. IT'S KIND OF WHAT WE ASK WHEN.

ALWAYS A VERY POPULAR PROGRAM THAT WE HAVE AT THE CHAMBER. ALSO WANT TO MAKE YOU AWARE OF ANOTHER PROGRAM THAT'S ACTUALLY STARTING TODAY WE ARE LAUNCHING A NEW PROGRAM. IT'S A STRATEGIC LEADERSHIP MASTERMIND GROUP. IT'S A SIX MONTH PROGRAM. THIS IS KIND OF A NEW TOOL IN OUR TOOLBOX OF RESOURCES THAT WE HAVE FOR SMALL BUSINESS OWNERS. SO WE'RE REALLY EXCITED ABOUT THE ENGAGEMENT THAT WE HAVE FROM OUR MEMBERS. AND IT'S ACTUALLY GOING TO LAUNCH TODAY. SO IF IT IS SUCCESSFUL, WE'LL CONTINUE TO REPLICATE AS WE DO ALL OF OUR OTHER PROGRAMS. OF COURSE, OUR COMMUNITY AWARDS IS COMING UP. MAKE SURE THAT'S ON YOUR CALENDARS FOR FEBRUARY THE 28TH.

I KNOW THAT MEDC. OBVIOUSLY YOU GIVE YOUR AWARDS OUT AS WELL, BUT THE CHAMBER IS ALSO SEEKING NOMINATIONS FOR SMALL BUSINESS, LARGE BUSINESS CITIZEN OF THE YEAR AND LEADERSHIP ALUMNI. SO FEEL FREE TO ALSO NOMINATE ANY OF THOSE BUSINESSES THAT YOU THINK ARE WORTHY OF THAT AWARD.

SO I'M EXCITED ABOUT THAT ON FEBRUARY 28TH. AND THEN LAST BUT NOT LEAST, WE'RE GEARING UP FOR THE NEXT LEGISLATIVE SESSION. THAT'S GOING TO BEGIN EARLY JANUARY. OUR BOARD HAS APPROVED OUR LEGISLATIVE PRIORITIES, WHICH DOES INCLUDE THE CITY'S LEGISLATIVE PRIORITIES AND SOME PRETTY EXTENSIVE. SUPPORT AND ALSO SOMETIMES OPPOSITION OF BAD POLICY OR GOOD POLICY, IF IT'S SUPPORT FOR ECONOMIC DEVELOPMENT. SO THAT WILL BE FIRST AND FOREMOST ON OUR MINDS.

WE ARE WORKING WITH THE OTHER COLLIN COUNTY CHAMBERS FOR COLLIN COUNTY DAYS IN AUSTIN. SO IF YOU WANT TO MARK YOUR CALENDARS FOR APRIL 1ST AND SECOND, THERE WILL BE MORE INFORMATION COMING OUT ABOUT THAT, INCLUDING THE HOTEL LINKS, AND WE'LL MAKE SURE WE GET ALL THAT INFORMATION TO THE MEDC STAFF, WHO CAN THEN DISTRIBUTE TO THE BOARD AS WELL. BUT THIS IS A GOOD OPPORTUNITY TO GO DOWN TO AUSTIN TO REPRESENT COLLIN COUNTY AND TO JOIN OTHER CITIES PLANO, ALLEN, FRISCO, CELINA, PROSPER AND ALL THE ALL THE CITIES IN COLLIN COUNTY. AS WE HAVE A PRESENCE IN AUSTIN. SO WITH THAT, I'LL STAND FOR ANY QUESTIONS. QUESTIONS? NOPE.

NOPE. MERRY CHRISTMAS. WELL, I GOT OFF EASY. THANK YOU. THE NEW YEAR. CDC. CINDY. GOOD MORNING, MR. CHAIRMAN. MEMBERS OF THE BOARD. PRESIDENT KOSKI. THANK YOU FOR GIVING ME AN OPPORTUNITY TO PROVIDE A QUICK UPDATE FOR YOU. CDC WILL MEET ON THURSDAY OF THIS WEEK, AND WE'LL HEAR PRESENTATIONS FROM 15 GRANT APPLICANTS FOR PROMOTIONAL AND COMMUNITY EVENT GRANTS. THE INTERESTING THING ABOUT THAT IS IT REPRESENTS MORE THAN 60 EVENTS IN MCKINNEY, NOT COUNTING THE WEEKLY EVENT AT FARMER'S MARKET. SO IF YOU ADD THOSE IN, IT'S 100 OPPORTUNITIES TO SHOWCASE OUR CITY AND REACH OUT TO RESIDENTS AND VISITORS ALIKE. SO WE'RE LOOKING FORWARD TO HEARING THOSE PRESENTATIONS ON DECEMBER 7TH. THE EAST MCKINNEY LEARNING GARDEN HELD A RIBBON CUTTING. IT WAS A GREAT EVENT. VERY DIVERSE REPRESENTATION OF OUR MCKINNEY COMMUNITY. AND IF YOU HAVEN'T BEEN BY THERE, YOU SHOULD DRIVE BY. IT'S RIGHT ON THE CORNER ADJACENT TO TUBBS.

[00:10:01]

AND THOSE WILL GO TO THE BOARD IN. ANYTHING THAT COMES IN WILL GO TO THE BOARD IN FEBRUARY. AND THEN LAST BUT NOT LEAST, THE CDC AWARDS TWO QUALITY OF LIFE AWARDS AT THE CHAMBER'S COMMUNITY AWARDS EVENT IN FEBRUARY. ONE WILL GO TO AN INDIVIDUAL, THE OTHER TO AN ORGANIZATION. NOMINATIONS ARE AVAILABLE. THE FORM IS AVAILABLE ON OUR WEBSITE OR IF YOU WOULD LIKE ONE EMAILED TO YOU, LET ME KNOW AND I WILL GET THAT TO YOU AND WISH YOU ALL A MERRY CHRISTMAS. HAPPY NEW YEAR AND I'M HAPPY TO STAND FOR ANY QUESTIONS. THANK YOU. QUESTIONS.

THANK YOU. MERRY CHRISTMAS CHRISTMAS, HAPPY NEW YEAR. AARON WERNER. GOOD MORNING. MERRY CHRISTMAS, MR. CHAIRMAN. PRESIDENT KOSKI, MEMBERS OF THE BOARD. AARON WERNER, EXECUTIVE DIRECTOR AT VISIT MCKINNEY. HAPPY TO BE HERE WITH YOU. FIRST, I'LL START WITH THE KUDOS ON THE PUBLIC ANNOUNCEMENT OF CANNON BEACH. I KNOW THAT'S BEEN A PROJECT THAT'S BEEN A LONG TIME COMING AND HUGE FOR OUR LOCAL RESIDENTS WITH THE ENTERTAINMENT OPTIONS THERE. BUT ALSO FROM A VISITOR STANDPOINT, THIS IS ANOTHER PIECE TO THE PUZZLE THAT'S TRULY REDEFINING WHAT MCKINNEY IS AS A DESTINATION. AND SO WE'RE EXCITED TO GET TO WORK WITH EVERYONE THAT'S INVOLVED AND LOOK FORWARD TO WELCOMING NOW AROUND A MILLION NEW PEOPLE TO MCKINNEY COME 2026 AND BEYOND. SO THANKS AGAIN FOR ALL THE WORK ON THAT. WE ARE IN NCAA D2 WEEK, SO WE HOST THE CHAMPIONSHIP GAME ON THE 21ST THIS COMING WEEKEND. WE ARE DOWN TO OUR FINAL TEAMS. FERRIS STATE AND VALDOSTA ARE COMING BACK FOR THE THIRD TIME TO COMPETE AT MISD STADIUM. SO WE HAVE SOME REGULARS IN THE HOUSE THIS WEEK AND LOOK FORWARD TO A COMPETITIVE GAME. OF COURSE, WE HOST THE FAN FEST EVENT THIS FRIDAY, SO THAT WILL BE AT THE NEW TUBS LOCATION.

WE'RE REALLY EXCITED TO GET TO SPREAD OUT A LITTLE BIT THIS YEAR. IF YOU'VE EVER ATTENDED.

IT'S GOTTEN PRETTY CROWDED IN THE OLD LOCATION, SO A LOT OF FUN THINGS TO COME WITH D2 THIS WEEK. ANOTHER UPDATE FOR YOU. I WANT TO THANK PRESIDENT KOSKI FOR BEING WILLING TO JUMP ON THE ROAD WITH ME MID JANUARY. HE'S GOING TO DRIVE DOWN TO WACO ON JANUARY 22ND, AND WE'RE GOING TO CO-PRESENT A SESSION AT TO CVB WINTER CONFERENCE. THE TITLE OF THE SESSION IS BUILDING BRIDGES STRENGTHENING COMMUNITIES THROUGH EDC AND COLLABORATION. AND SO WE DID A SMALL SAMPLE SIZE OF THIS TO A REGIONAL ROUNDTABLE, I GUESS, ABOUT A MONTH AGO. AND WHAT WE'VE REALIZED IS THAT THERE'S A THERE'S A LOT OF DESIRE TO HAVE A COLLABORATIVE RELATIONSHIP WITH EDC AND CVBS AROUND THE STATE, AND OUR CONVERSATION WITH THEM REALLY STOOD OUT. SO WE'RE GOING TO TALK TO A MUCH BIGGER GROUP AT THAT SESSION. SO THANK YOU, PRESIDENT KOSKI. LASTLY, IF YOU HAVE NOT READ ANY OF THE ARTICLES OR UPDATES, I DID WANT TO SHARE THAT THE SHERATON HOTEL RECENTLY SOLD. SO THAT IS FINALIZED. IT'S A GROUP OUT OF AUSTIN, WL IN MY CAPITAL. LAXMI I THINK IS WHAT THEY GO BY. TONY GUPTA IS THE CEO AND HE CALLED AND THEY ARE JUST REALLY, REALLY EXCITED TO BE IN MCKINNEY. THEY'RE EXCITED ABOUT THAT PROPERTY AND WHAT'S COMING DIRECTLY TO THE NORTH OF THAT. AND SO IT'S ALL GOING TO PLAY TOGETHER. THEY DO HAVE RENOVATIONS SCHEDULED FOR THE PROPERTY TO ELEVATE THE EXPERIENCE A LITTLE BIT. SO WE'RE EXCITED TO SEE WHAT THEY PUT TOGETHER THERE, INCLUDING SOME IDEAS FOR THE BOTTOM FLOOR THAT WOULD CHANGE THE WAY THAT YOU EXPERIENCE THAT PROPERTY WHEN YOU WALK IN. THE LAST THING WITH THAT IS NOT ONLY DO WE HAVE A NEW OWNER, WE ALSO HAVE A NEW MANAGEMENT COMPANY, TPG HOTELS AND RESORTS, WHICH IS HEADQUARTERED RIGHT THERE IN IN THE MEDC BUILDING. AND SO WE HAVE A NEW KIND OF PERSPECTIVE ON HOW TO USE THAT PROPERTY WITH. THEY ALSO BROUGHT IN A BRAND NEW DIRECTOR OF SALES. SHE CAME IN OUR OFFICE LAST WEEK AND SHE'S INCREDIBLE. SHE'S COMING FROM THE METROPLEX, BUT SHE'S ALSO READY TO PACK A SUITCASE AND JOIN MY TEAM AROUND THE COUNTRY AT SHOWS AND SHARE TABLES, AND HELP US CO-PRESENT MCKINNEY AS A DESTINATION THAT'S GOING TO BE NEW FOR US. AND SO WE'RE EXCITED TO SEE WHAT THAT TYPE OF COLLABORATION WITH THE HOTEL LOOKS LIKE COMING IN THE FUTURE. WITH THAT, I'LL STAND FOR ANY QUESTIONS. ANY QUESTIONS? CONGRATULATIONS ON KEEPING THE FOOTBALL GAME, SOMETHING THAT FRISCO WAS NOT ABLE TO DO. KEEP WORKING ON IT. GO, BULLDOGS! BUT WHAT? FERRIS STATE. OH FERRIS STATE OKAY FOR $15 A TICKET. SO I THOUGHT WHEN YOU SAID BULLDOGS, I THOUGHT, YEAH, YOU'RE ROOTING FOR GEORGIA NOW? NO, NO. GOSH, A MICHIGAN GUY ROOTING FOR GEORGIA. THAT'S INTERESTING. ALL RIGHT.

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FINANCE. WE DID NOT MEET. WE'RE PUTTING TOGETHER SOME INFORMATION TO MEET IN THE FUTURE. BUT WE HAVE NOT MET. AND THAT'S NOT HERE AT REAL ESTATE. ANYBODY ELSE ON REAL ESTATE. GOT ANYTHING. WE MET. WE DID TALK ABOUT? A LOT OF IT IS EXECUTIVE SESSION YOU KNOW INNOVATION. NO UPDATE. NO AND NO UPDATE ON GOVERNANCE. SO WITH THAT BOARD CHAIRMAN THAT I DON'T HAVE ANYTHING. JUST MERRY CHRISTMAS, HAVE A GOOD HOLIDAY, BE SAFE AND WE'LL SEE YOU IN JANUARY. SO

[Consider/Discuss MEDC Monthly Reports]

MEMBERS OF THE BOARD. MR. PRESIDENT MADISON CLARK, DIRECTOR OF BUSINESS RETENTION AND WORKFORCE DEVELOPMENT, AND I HAVE THE PRIVILEGE TO FORMALLY INTRODUCE YOU TO MIRANDA STRADA.

OUR NEW ECONOMIC DEVELOPMENT SPECIALIST. SHE HAILS FROM THE MCKINNEY PRINCETON AREA AND HAS SOME NEAT STORIES OF GROWING UP HERE AND HER OWN PERSONAL EXPERIENCES HERE, AND HAS HAD FAMILY MEMBERS WHO'VE WORKED FOR THE CITY AND HAVE HAD GREAT THINGS TO SAY. IN HER INTERVIEW, SHE REALLY STOOD OUT AND EXEMPLIFIED THE RIZE VALUES EVEN IN HER INTERVIEW, AND CONTINUES TO DO SO IN HER FIRST THREE WEEKS. WE HAVE ROPED HER INTO TWO BRIEF VISITS ALREADY, AND MANY MORE ASSISTANCE THAT'S BEEN PROVIDED SO I CAN GET OUT OF THE OFFICE A LITTLE BIT MORE. SO WE'RE VERY HAPPY TO HAVE HER ON BOARD, AND I KNOW THAT YOU GUYS WILL BE PLEASED TO TAKE A MOMENT TO INTRODUCE YOURSELVES AND MEET MIRANDA AND GET TO KNOW HER A LITTLE BIT BETTER. SO THANK YOU SO MUCH. THANK YOU. WELCOME, WELCOME. THANK YOU. MR. TAYLOR WILL SPEAK ABOUT THE OPERATIONAL POINTS. I ALMOST WENT TO LUKE FIRST, BUT I WANT TO I WANT TO SAVE LUKE FOR THE END. GOOD MORNING. BOARD CHAIR. PRESIDENT KOSKI, JUST AN UPDATE ON PROJECTS 24. CURRENT PROJECTS.

ACTIVE PROJECTS 14 TRADITIONAL TEN UNDER THE INNOVATION FUND. WHAT'S REALLY INTERESTING IS THAT MANY PEOPLE THINK WE TAKE DECEMBER OFF, WHICH PROBABLY ENDS UP BEING OUR MOST OUR BUSIEST MONTH BECAUSE EVERYONE'S TRYING TO PACK EVERYTHING IN BETWEEN THANKSGIVING AND CHRISTMAS. SO IT'S BEEN A BUSY FEW WEEKS, BUT WE'LL WRAP UP 24, WORKING ON SOME REPORTING FOR 2024, AND MR. LUKE WILL HAVE SOME DATA ON THE SMART CITIES AND WEB SUMMIT LANDING PAGES FROM OUR INTERNATIONAL EFFORTS. AND WITH THAT, I'LL STAND FOR ANY QUESTIONS. QUESTIONS. OKAY.

THANK YOU SIR. LUKE. YOU'RE UP. THANK YOU. GOOD MORNING, MR. CHAIRMAN. MR. PRESIDENT, MEMBERS OF THE BOARD, LUKE GAJARI, MARKETING AND SOCIAL MEDIA MANAGER FOR THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION. PLEASED TO PRESENT A FEW NOTES OF INFORMATION FOR YOU. AGAIN, EVERYTHING IN DETAIL IS IN OUR BOARD REPORT ATTACHED TO THE AGENDA. BUT I'LL HIGHLIGHT A FEW THINGS. KIND OF AN INTERESTING THING TO NOTE. I WENT TO HOME FOR THE HOLIDAYS EVENT DOWNTOWN. KUDOS TO OUR VISIT IN DOWNTOWN TEAM FOR HOSTING THAT TREE LIGHTING. SAW SOME OF YOU THERE AND WHEN I WENT, I JUST WENT AS A CITIZEN. I DIDN'T GO AS AN EMPLOYEE OF THE MEDC, BUT I SNUCK MY PERSONAL DRONE INTO MY JACKET POCKET AND I FOUND AN ALLEYWAY, FLEW THE DRONE UP IN THE AIR FOR ABOUT 20 MINUTES, GOT A SHOT RIGHT AS THE TREE LIT UP AND EVERYBODY CELEBRATED. IT WAS REALLY COOL AND I JUST POSTED IT ON MY PERSONAL LINKEDIN PAGE.

PERSONAL INSTAGRAM PAGE. NOTHING TO DO WITH MEDC, RIGHT? I JUST CAPTURED THIS AS LUKE GAJARI, NOT AS A STAFF MEMBER, AND ENDED UP KIND OF GOING MINI VIRAL ON LINKEDIN. GOT ABOUT 5000 CLICKS AND IMPRESSIONS ON MY OWN LINKEDIN. AND I SAY THAT TO SET THIS UP, THAT I'VE COMMUNICATED THIS TO OUR TEAM, THAT WE ARE ALL AMBASSADORS OF MCKINNEY, REGARDLESS OF IF IT'S COMING FROM THE MEDC PAGE OR NOT. AND SO I LOVE THAT SEEING MCKINNEY AMPLIFIED, WHETHER IT COMES FROM THE LOGO PAGE OR OUR PERSONAL PAGES. AND SO OUR TEAM DOES A GREAT JOB OF AMPLIFYING THE MESSAGING OF WHAT THEY'RE DOING WEEK IN AND WEEK OUT ON LINKEDIN. AND IT'S SOMETHING WE TALK A LOT ABOUT INTERNALLY. SO WE'LL CONTINUE TO KIND OF SOUND THAT HORN, IF YOU WILL, ABOUT THE PERSONAL REACH AND PERSONAL IMPLICATIONS OF WHAT LINKEDIN DOES FOR OUR COMMUNITY. AND SO I'LL I'M HAPPY TO STAND FOR ANY QUESTIONS ABOUT THAT LATER AS WELL. BUT LET'S LOOK AT A FEW

[00:20:04]

IS THERE SOMETHING THAT YOU COULD PUT TOGETHER FROM A ONE PAGER PERSPECTIVE? BECAUSE IT'S ALL ABOUT THERE'S A LOT OF MISCOMMUNICATIONS IN THE COMMUNITY IN REGARDS TO THE GREAT THINGS THAT MEDC IS DOING AND THE PROJECTS, AND HOW IT HELPS THE COMMUNITY AS A WHOLE.

SO IT MIGHT BE A VERY WORTHWHILE THING FOR US AS BOARD MEMBERS TO HAVE SOMETHING SO THAT IF IT'S A POST, IF IT'S A WHATEVER, THAT WE CAN THEN QUICKLY JUST SHARE A ONE PAGER OF, WELL, I'M GLAD YOU HAVE SOME INSIGHT INTO WHAT THE CITY IS DOING. HERE'S WHAT WE'VE HERE'S WHAT WE'VE DONE, AND HERE'S THE. OVERFLOW EFFECT OF THOSE THINGS. FOR INSTANCE, I'M USING AN EXAMPLE THAT'S HOT ON THIS WONDERFUL CITY OF MCKINNEY. IS THE AIRPORT RIGHT. AND IT'S ONE THING ABOUT WHERE TAX MONEY IS BEING SPENT. BUT WHAT'S NOT REALLY BEING DISCUSSED IS THE ROLLOVER EFFECT OF THE COMMUNITY IN GENERAL OF WHAT MONEY PUT HERE, WHAT THAT DOES FOR THE BROAD CITY, AND HOW OTHER TAX REVENUE IS GENERATED FROM THAT INVESTMENT. I THINK THOSE THINGS ARE BEING LOST. AND SO I THINK FROM ME PERSONALLY, THAT WOULD BE HELPFUL FOR ME TO EASILY JUST COME DROP NUGGETS OF GREATNESS ON PEOPLE SO THAT THEY CAN DO THEIR OWN RESEARCH AND READ SOME THINGS THAT ARE ACTUALLY FACTS BASED. YEAH, I JUST COMMENT BACK TO EVERYTHING WITH PAUL GRIMES EMAIL. SO YOU CAN DO THAT. NO, I'M JUST KIDDING. BUT THE AIRPORT SPECIFICALLY, WE CAN WE ARE WAITING. WE ARE TAKING THE LEAD FROM THE CITY OF MCKINNEY COMMUNICATIONS DEPARTMENT. THEY'RE PUTTING TOGETHER KIND OF AN INFO PACKET, FAQS ON HOW TO TALK ABOUT NEXT STEPS REGARDING THE AIRPORT. AND SO WITH THAT, THAT THAT'S KIND OF THE GIVE OR TAKE OF PERSONAL AMBASSADORSHIP OF WHAT WE DO, BECAUSE WE ALSO WANT TO FALL IN LINE WITH WHAT EVERYBODY IS SAYING ACROSS EVERY DEPARTMENT WITHIN THE CITY. BUT

[00:25:02]

[Consider/Discuss/Act on the September 2024 Financials]

[Consider/Discuss/Act on the October 2024 Financials]

[Consider/Discuss/Act on the November 2024 Financials]

SO THE WAY THE PROCESS WORKS IS IN EARLY 2025, I WILL COME AGAIN WITH THE FINAL PRODUCT OF WHAT THIS AT LEAST JUST GIVES YOU A SNAPSHOT. BECAUSE WE HAVE TWO MONTHS OF SALES TAX, WE HAVE TO ACCRUE BACK. WE HAVE SOME JOURNAL ENTRIES ON THE EXPENSE SIDE. SO I DO WANT TO FORERUN THAT, BUT WE GO DOWN TO EXPENDITURES. WE HAD 240,000 AND OPERATIONAL EXPENSES, 450,000IN PROJECT EXPENSES AND 240,000IN NON-DEPARTMENTAL EXPENSES. TOTAL EXPENSES FOR SEPTEMBER WAS 926,000. YEAR TO DATE THAT IS 11.8 MILLION. SO THE FIRST TIME WE'RE GOING TO LOOK AT THE BOTTOM LEFT SIDE, THERE'S A LITTLE CHART. I CAN'T REALLY ZOOM IN WITH THIS. BUT OUR BEGINNING FUND BALANCE WAS $25.2 MILLION. IF WE ADD OUR CURRENT YEAR TO DATE ACTUAL REVENUES, THAT'S 26.5 MILLION MINUS OUR YEAR TO DATE EXPENSES. WE HAVE OUR PROJECTED ENDING FUND BALANCE OF $39.9 MILLION FOR THE EDC. THAT WILL COME DOWN SLIGHTLY WITH THE WE HAVE TO DO THE ROADWAY TRANSFER AND STUFF LIKE THAT. SO THAT'S A LITTLE OVER $1 MILLION. THE OTHER BIG THING IS THAT A LOT OF THAT IS PROJECTS THAT WE EITHER DIDN'T, THEY DIDN'T COME TO FRUITION LIKE WE EXPECTED THEM TO COME TO IN 24. SO THOSE FUNDS WILL BE MOVED TO FISCAL YEAR 25. WE ALSO HAVE A BUCKET THAT ALLOWS YOU TO DO NEW PROJECTS EVERY YEAR. AND SO SOME OF THOSE FUNDS WILL BE I'VE TALKED TO KOWSKI ABOUT THAT, AND SOME OF THOSE FUNDS WILL BE MOVED OVER TO FISCAL YEAR 25. SO IT SHOWS US FUND BALANCE RIGHT NOW. BUT WHEN WE GET INTO NEXT FISCAL YEAR, THAT'LL MAKE MORE SENSE WHEN WE DO A RE APPROPRIATIONS AND EVERYTHING LIKE THAT. BUT THIS AT LEAST GIVES YOU A SNAPSHOT OF WHAT TO EXPECT FOR FISCAL YEAR 24. THEN I'LL PRESENT IT AGAIN IN EARLY 2025, AND WE'LL GO OVER THE FINAL NUMBERS WITH THE AUDITORS ARE ACTUALLY IN TOWN NOW. THEY'LL BE LEAVING AT THE END OF DECEMBER, AND THEN WE'LL HAVE THE FINAL NUMBERS AND ALL THE ONCE THEY AGREE TO EVERYTHING, LOOKING AT SALES TAX, THIS APPLIES TO JULY. AND 35.6% INCREASE, FRISCO SAW 6.7% INCREASE AND PLANO SAW 4.8% INCREASE. THAT BRINGS OUR YEAR TO DATE TO 7.7%. WE STILL DO HAVE TWO MONTHS THAT THIS IS A 12 MONTH ROLLING AVERAGE, BUT THE FIRST TWO MONTHS ACTUALLY GO INTO THE PRIOR FISCAL YEAR. SO WE HAVE JUST A LITTLE BIT OF VARIANCE RIGHT THERE, BUT IT'S STILL A GOOD NUMBER TO GO OFF OF 7.7% FOR A 12 MONTH ROLLING AVERAGE OF SALES TAX IS REALLY STRONG FOR MCKINNEY, ESPECIALLY WHEN WE BUDGETED AT 5% GOING INTO THE YEAR. IF WE LOOK AT THE ALLEN'S 35.6%, THAT IS NOT AUDIT COLLECTION. THAT'S ACTUALLY A TRUE INCREASE, BUT IT WILL MAKE MORE SENSE WHEN YOU LOOK AT THE NEXT TWO MONTHS THAT THEY ACTUALLY HAVE A DECREASE OF 10% IN THE NEXT TWO MONTHS. SO IF YOU FACTOR OUT THESE THREE MONTHS COMING UP, IT'S REALLY ABOUT A 6 OR 7% INCREASE. SOMETIMES SEPTEMBER YOU GET QUARTERLY PAYMENTS AND STUFF COMING IN. IT JUST MESSES WITH THE NUMBERS A LITTLE BIT. SO

[00:30:01]

AND IF WE'RE LOOKING AT SALES TAX, THIS IS THIS IS AUGUST AND WE SAW 4.3% INCREASE, WHICH IS MUCH STRONGER THAN OUR SISTER CITIES ON THE VARIANCE BY A PERCENTAGE BASIS. ALLEN SAW THAT 1.3%. FRISCO SAW 1.4% AND PLANO SAW 2.2. DECREASE. AND LIKE I SAID, THE ALLEN'S BIG INCREASE.

NOW THEY'RE KIND OF COMING BACK TO REALITY IN THE NEXT MONTH, EVEN MAKES MORE SENSE AFTER WE LOOK INTO THAT. OUR RETAIL TRADE BY INDUSTRIES IS A LITTLE WHEN WE'RE LOOKING AT IT THE FIRST FEW MONTHS OF EVERY YEAR, BECAUSE IT'S A YEAR TO DATE VARIANCES, IT TAKES A LITTLE BIT TO KIND OF IT'S A LITTLE VOLATILE FOR OCTOBER AND NOVEMBER EVEN INTO DECEMBER. SO YOU CAN SEE THE RETAIL TRADE IS ONLY AT 2%. THIS IS ONLY ONE MONTH THOUGH. YOU KNOW WE'RE LOOKING IT DOWN. I'M NOT REALLY TOO CONCERNED, ESPECIALLY WHEN WE FACTOR IN THESE NEXT FEW MONTHS COMING INTO IT. BUT YOU DO SEE CONSTRUCTION DOWN 14%. SOME OF THOSE COMPANIES PAY ON A QUARTERLY BASIS. SO IF YOU'RE LOOKING AT OCTOBER, IT JUST TAKES A FEW MONTHS TO GET THOSE FACTORED OUT. SO I'M NOT CONCERNED ANYTHING HERE. AND I WILL MOVE ON TO NOVEMBER UNLESS ANYONE HAS ANY QUESTIONS ON OCTOBER, WHICH IS OUR LAST ONE. OKAY. PERFECT. SECOND MONTH OF FISCAL YEAR 25. WE COLLECTED 2.2. WE HAD A LITTLE BIT MORE ACTIVITY THIS MONTH, BUT WE COLLECTED $2.2 MILLION IN REVENUE. MAJORITY OF THAT IS OBVIOUSLY SALES TAX REVENUE.

THAT BRINGS OUR YEAR TO DATE UP TO 4.4 MILLION. AND LOOKING AT EXPENDITURES, WE HAD CLOSE TO $200,000 IN OPERATIONAL EXPENSES. WE HAD A BIG MONTH IN PROJECT EXPENSES WAS A LITTLE OVER $1.2 MILLION, NON-DEPARTMENTAL WAS 244,000. FOR THE MONTH IT WAS 1.7 MILLION. AND IF WE LOOK AT SALES TAX, A LOT OF STUFF STARTS COMING TOGETHER HERE. MCKINNEY HAD A 1.7% INCREASE FOR THE THROUGH THE FIRST TWO MONTHS. WE'RE ONLY AT A 2.9% INCREASE, SO THAT'S SLOWER THAN WE WOULD EXPECT. WE DON'T WANT TO MAKE ANY JUDGMENTS OFF OF TWO MONTHS OF DATA, ESPECIALLY WHEN WE TURN THAT BACK FOUR MONTHS. WE'RE STILL AROUND THAT 5%, BUT IT IS SOMETHING WE'RE GOING TO KEEP AN EYE ON KIND OF GOING FORWARD. LOOKING AT ALLEN, THIS IS KIND OF WHAT I WAS SAYING. THEY SAW A 10% DECREASE. SO IT'S STARTING TO MAKE SENSE. WHILE THEY HAD THAT BIG INCREASE THAT NOW IF YOU AVERAGE OUT THREE MONTHS THEY'RE BACK TO NORMAL PERCENTAGE RANGE. THEY'RE ACTUALLY SEEING A DECREASE SO FAR THIS YEAR 5.2% FRISCO 1.3% PLANO HAD A BIG INCREASE AND THAT WAS ACTUALLY AUDIT COLLECTIONS. SO THAT IS NOT TRUE BUSINESSES OR ANYTHING INCREASING SALES. THAT IS THEY HAD A BIG AUDIT COLLECTION LAST YEAR. WHEN YOU FACTOR THAT OUT IT GIVES THEM A BIG INCREASE THIS YEAR. SO IT'S NOT REALLY DATA WE CAN GO OFF OF FOR THAT. NOW LOOKING AT OUR INDUSTRIES, IT DOES START TO MEAN MORE NOW THAT WE'RE IN THE SECOND MONTH. IT DOESN'T MEAN AS MUCH. IT'S STILL VOLATILE. SO IT'S YEAR TO DATE VARIANCES. BUT YOU CAN SEE RETAIL TRADES AT 0%. AND WE'RE COMING CLOSER TO THE BIGGER MONTHS OF DECEMBER AND STUFF LIKE THAT. SO WE WANT TO SEE HOW THESE MONTHS PLAY OUT. IT IS SOMETHING WE'RE KEEPING AN EYE ON ON A MONTHLY BASIS. WE ACTUALLY JUST GOT DECEMBER'S IN AND WE'RE ANALYZING THAT DATA NOW. WE DON'T HAVE IT BY TRADE YET. IT TAKES US A FEW WEEKS TO GET THAT BROKEN OUT. BUT EITHER WAY, I THINK NEXT MONTH WILL BE REALLY MEANINGFUL TO SEE WHAT THE NUMBERS COME BACK, ESPECIALLY THREE MONTHS INTO THE YEAR. THAT'S A QUARTER INTO OUR SALES TAX TO SEE IF HOPEFULLY RETAIL TRADE PICKS UP A LITTLE BIT AND YOU CAN KIND OF SEE CONSTRUCTION. I DON'T I'M NOT WORRIED ABOUT CONSTRUCTION IN SOME OF THOSE THAT PAY ON A QUARTERLY BASIS. UNTIL WE GET TO DECEMBER AND SEE IF THAT PICKS IT BACK UP TO OUR NORMAL AVERAGES THERE, I'LL BE HAPPY TO ANSWER ANY QUESTIONS, BUT I THINK NEXT MONTH WILL BE REALLY TELLING AND SALES TAX AND SEEING WHAT THE NUMBERS COME BACK AS AS WELL. BUT I'LL BE HAPPY TO ANSWER ANY QUESTIONS. THANK YOU. ANY QUESTIONS? A COMMENT OF SOMEONE LIVING ON A DAY TO DAY BASIS. I WAS NOT SURPRISED BY YOUR SEPTEMBER OCTOBER NUMBERS. THERE WAS A LITTLE EVENT THAT HAPPENED IN NOVEMBER, KIND OF HAD THE CONSUMERS A LITTLE APPREHENSIVE AND BOY, WE SAW IT.

SO I ACTUALLY THOUGHT IT MIGHT BE WORSE THAN THAT. OH, THAT'S THAT'S INTERESTING. YEAH, IT'S

[00:35:01]

[EXECUTIVE SESSION]

[ACTION ON EXECUTIVE SESSION]

SO MOVED. WE HAVE A MOTION TO ADJOURN. DO WE HAVE A SECOND? SECOND. WOW, A SECOND ADJOURNED.

OKAY, I'M GOING TO ABSTAIN. ALL RIGHT, WE ARE ADJOURNED. IF YO

* This transcript was compiled from uncorrected Closed Captioning.