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

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

UPDATE. CITY OF MCKINNEY, MR. GRIMES, GOOD MORNING, MR. CHAIRMAN. MR. PRESIDENT, MEMBERS OF THE BOARD. MY NAME IS PAUL GRIMES, CITY MANAGER. A FEW ITEMS TO UPDATE YOU ON. AS OF LAST FRIDAY, ALL OF THE DEPARTMENTS THAT WERE MOVING INTO CITY HALL ARE THERE. SO WE ARE MAKING OUR WAY THROUGH THE TRANSITION OR THE RELOCATION. EXCUSE ME? RELOCATION, AS IT WERE. WE HAVE NOT YET RELOCATED OUR MEETINGS, AS YOU ALL CAN TELL. FOR BY VIRTUE OF THE FACT THAT I'M STANDING HERE TODAY, WE ARE AIMING FOR THE FIRST COUNCIL MEETING TO BE ON FEBRUARY 18TH.

THAT IS TENTATIVE, HOWEVER, BECAUSE WE'RE STILL INSTALLING AND TESTING SOME OF THE TECHNOLOGY IN THE ACTUAL COUNCIL CHAMBER. AND SO THAT'S A GAME TIME DECISION, SO TO SPEAK, IN TERMS OF IT'S ACTUALLY NOT A GAME TIME DECISION. IT HAS TO BE A COUPLE OF WEEKS BEFORE BECAUSE YOU HAVE TO ADVERTISE AND YOU HAVE TO TELL FOLKS WHERE TO GO FOR PUBLIC HEARINGS. SO WE'LL HAVE TO MAKE THAT CALL FAIRLY SOON DEPENDING ON THE PROGRESS IN GETTING THE TECHNOLOGY INSTALLED. IF NOT, WE'RE GOING TO AIM FOR THE FIRST COUNCIL MEETING IN MARCH. SO WE ARE, BUT EVERYBODY IS IN CITY HALL. IT'S A WONDERFUL, WONDERFUL BUILDING. IF YOU GUYS HAVEN'T BEEN THERE YET, I'D LOVE TO HAVE YOU IN, ESPECIALLY NOW THAT IT'S CLEANER AND IT'S NOT AS DUSTY. SOME OF YOU MAY HAVE HAD A TOUR WHEN IT WAS STILL UNDER CONSTRUCTION, BUT IT'S PRESENTING A LOT BETTER NOW. SO. AND IT'S LOOKING GREAT. SO THE NEXT ITEM ON HERE IS WE ARE, AS YOU ALL KNOW, ASSISTANT CITY MANAGER KIM FLOM IS GOING TO BE LEAVING US. SHE IS GOING TO BE A CITY MANAGER UP IN THE COLD NORTH OF WITH THE TUNDRA OF WISCONSIN, AND SHE WILL BE DEPARTING IN EARLY MARCH. WE HAVE A SEARCH FOR HER REPLACEMENT UNDERWAY. WE HAVE 156 APPLICANTS. SO WE'RE GOING TO HAVE NO SHORTAGE OF VERY, VERY STRONG CANDIDATES TO REPLACE. SOME FILL SOME VERY BIG SHOES THAT SHE'S GOING TO LEAVE HERE FOR US. BUT WHILE WE ARE GOING TO MISS HER, SHE'S BEEN AN UNBELIEVABLE ASSET OVER THE LAST FIVE YEARS. SHE GETS TO RUN HER OWN SHIP UP NORTH, AND WE'RE GOING TO HAVE GREAT CANDIDATES TO REPLACE HER WITH. SPEAKING OF REPLACING MR. GREG CONNELLY, OUR FORMER POLICE CHIEF AND OUR DIRECTOR OF PUBLIC SAFETY IS RETIRING AT THE END OF JANUARY, THE END OF THIS MONTH. TONIGHT, IN THIS VERY ROOM, WE WILL FEED HIM. WE WILL HAVE A RECOGNITION, A SENDOFF, IF YOU WILL, AT THE BEGINNING OF THE CITY COUNCIL MEETING AT 6 P.M. TONIGHT, WE'LL HAVE SOME CAKE FOR ALL OF YOU WOULD LIKE TO COME BY, SAY HELLO. HE WILL BE THERE AND WE WILL SEND HIM OFF PUBLICLY. BUT HE'LL BE HERE THROUGH THE END OF THE MONTH. WHAT WE'VE DONE IS WE'RE GOING TO HAVE TREVOR MINYARD, ALL OF YOU WHO KNOW TREVOR. TREVOR IS NOW AN ASSISTANT CITY MANAGER. WE ARE GOING TO RECLASSIFY THE DIRECTOR OF PUBLIC SAFETY POSITION INTO AN ASSISTANT CITY MANAGER ROLE. AND TREVOR IS HAS BEEN APPOINTED TO THAT ROLE. WELL EARNED. HE DOES A TERRIFIC JOB. AND AS I REMIND HIM, HE'S A FUTURE CITY MANAGER SOMEDAY. AND IF HE KEEPS DOING AS WELL AS HE'S BEEN DOING AS AS ALL OF THE OTHERS ARE AS WELL. SO THAT IS THAT ONE OTHER ITEM I'D LIKE TO SHARE WITH YOU. OUR FIRE DEPARTMENT. WE HAVE, AS YOU ALL KNOW, THE LOS ANGELES WILDFIRES CONTINUE TO BURN. WE ARE PROUD TO SEND FOUR PERSONNEL ALONG WITH ENGINE THREE, THREE THREE TO CALIFORNIA TO ASSIST WITH THE WILDFIRES. THIS IS PART OF A STRIKE TEAM WITH THE CITIES OF FRISCO ISLAND, GREENVILLE AND DALLAS. THE STATE OF TEXAS HAS DEPLOYED SIX STRIKE TEAMS TO

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ASSIST CALIFORNIA, AND WE'RE HAPPY TO BE ABLE TO DO THAT. THEY ARRIVED ON JANUARY 13TH AND THEY ARE ASSIGNED TO THE PALISADES FIRE IN LOS ANGELES ITSELF. SO WITH THAT, I WILL STAND FOR ANY QUESTIONS. MR. GRIMES, WE WOULD BE MORE THAN HAPPY TO BE YOUR GUINEA PIG TO MAKE SURE THE AUDIOVISUAL WORKS OVER THERE AT THE. BECAUSE OUR MEETING IS THAT SAME DAY. SO IF YOU WANT US TO BE THE GUINEA PIG, WE'LL BE MORE THAN HAPPY TO DO THAT FOR YOU. ALL RIGHT.

WE'LL KEEP THAT IN MIND. YOU MAY VERY WELL BE GLAD THAT'S YOUR TERM, NOT MINE. YEAH. ALL RIGHT.

THANKS SO MUCH. TERM. WHAT IS IT? IT'S A MICHIGAN TERM. YES. OR MAYBE AN OHIO STATE TERM, I DON'T KNOW. OKAY. I DON'T SEE CHAMBER OF COMMERCE TOO COLD. IT'S NOT A CHAMBER OF COMMERCE DAY. SO WE'RE NOT TOO COLD OKAY. NEXT WE HAVE COMMUNITY DEVELOPMENT CORPORATION. CINDY.

MISS OHIO STATE HERSELF. YEAH. OH, LOOK AT THE RED. YEAH. GOOD MORNING, MR. CHAIRMAN. MEMBERS OF THE BOARD. MR. PRESIDENT, THANK YOU FOR GIVING ME THE OPPORTUNITY TO BE HERE TODAY.

JUST WANT TO MENTION A COUPLE OF THINGS. THE CDC BOARD MEETING IS THIS THURSDAY. WE HAVE A VERY FULL AGENDA. WE HAVE 15 PROMOTIONAL GRANTS, GRANT REQUESTS THAT WILL BE VOTED ON BY THE BOARD. THREE OF THOSE ARE FIRST TIMERS. SO WE'RE LOOKING FORWARD TO SEEING THE OUTCOME OF THOSE VOTES. WE ALSO WILL HAVE PUBLIC HEARINGS ON EIGHT PROJECT GRANT REQUESTS THAT REALLY COVER A BROAD SPECTRUM OF PROJECTS. IN MCKINNEY, WE'RE ACCEPTING RETAIL INFRASTRUCTURE GRANT APPLICATIONS THROUGH THE END OF THIS MONTH, AND THEN OUR NEXT CYCLE WILL NOT BE UNTIL JULY.

AND THE LAST THING I'LL MENTION IS WE'VE RECEIVED SOME REALLY GREAT NOMINATIONS FOR CDC'S QUALITY OF LIFE AWARD, BOTH ON THE INDIVIDUAL AND ORGANIZATIONAL FRONTS. SO THE BOARD WILL BE REVIEWING THOSE ON THURSDAY. STAY TUNED FOR THE RESULTS OF THOSE NOMINATIONS AND VOTES, AND I'M HAPPY TO STAND FOR ANY QUESTIONS. QUESTIONS? NOPE. THANK YOU. ALL RIGHT.

VISIT MCKINNEY. ALICIA. GOOD MORNING. I'M FILLING ALICIA HOLMBERG, ASSISTANT DIRECTOR OF VISIT MCKINNEY. I'M FILLING IN FOR ERIN TODAY. I JUST WANT TO GIVE YOU AN UPDATE ON SOME EVENTS THAT WE'RE WORKING ON. THE NEXT ONE THAT'S COMING UP IS THE PPA PROFESSIONAL PICKLEBALL ASSOCIATION. THEY'RE GOING TO BE HOSTING THEIR TEXAS OPEN AT THE COURTS OF MCKINNEY ON MARCH 12TH THROUGH 16TH. WE ARE CURRENTLY WORKING WITH THEM TO GET SOME HOTEL ROOMS FOR THE ATHLETES THAT ARE COMING IN. THEY'RE GOING TO BE BRINGING IN THE TOP PICKLEBALL PROFESSIONALS FROM ALL OVER THE WORLD. HERE, THEY'RE EXPECTING ABOUT 1000 TO 1500 PLAYERS, BUT IT'S ALSO AN AMATEUR EVENT. SO IF ANY OF YOU ARE INTERESTED IN SIGNING UP ANYONE, IT'S OPEN TO ANYONE THAT CAN DO IT EARLIER IN THE WEEK. THERE'S ALSO CAMPS THAT THE PROFESSIONALS CAN WORK WITH WITH THE LOCALS ON. IF YOU DO SIGN UP, THERE'S SOME SPECIAL CODES TO GET DISCOUNTS. IF YOU'RE FROM MCKINNEY JUST USING THE WORD MCKINNEY, SAME AS GETTING A DISCOUNT ON THE TICKETS TO ATTEND. THAT'S ALL. EITHER ON OUR SITE OR THE COURTS OF MCKINNEY SITE. THE NEXT BIG EVENT THAT WE'RE WORKING ON IS THE INTERNATIONAL GIRLS CUP OF MCKINNEY, WHICH IS A YOUTH SOCCER EVENT. UNITED DC SPORTS IS THE ORGANIZATION THAT'S PUTTING ON THE EVENT THAT'S GOING ON IN APRIL 16TH THROUGH THE 20TH. THEY ARE GOING TO BE HAVING UTILIZING OUR CRAIG RANCH FACILITY, AS WELL AS SOME OTHER FIELDS AROUND MCKINNEY, AND THEY ARE EXPECTING TO BRING IN FROM 200 TO 225 TEAMS. AND A GOOD CHUNK OF THOSE WILL BE INTERNATIONAL TEAMS AS WELL AS TEAMS FROM AROUND THE COUNTRY. AGAIN, UTILIZING, I BELIEVE THEY HAVE EIGHT HOTELS OF OURS THAT THEY'RE FILLING UP. SO WE SHOULD GET SOME GOOD, GOOD HOTEL OCCUPANCY TAX FROM THAT. THEY'RE ALSO HOSTING THEIR OPENING CEREMONIES ON THAT TUESDAY, APRIL 15TH AT TUFTS. THEY'RE GOING TO BE BUYING OUT THE ENTIRE FACILITY PREVIOUSLY WHERE THEY USED TO HAVE THE EVENT.

THEY HAD ATTENDANCE ABOUT 3500 PEOPLE. SO WE'RE HOPING TO SEE THAT MANY COME AND GO THROUGH THERE THAT DAY. SO THAT'S WHAT WE'RE WORKING ON RIGHT NOW. THAT'S A LOT. THAT'S GREAT.

THAT'S REALLY GOOD. THANK YOU. THANK YOU. WE SHOULD DO DOUBLES. OKAY I'M IN. THE LEFT SIDE OKAY OKAY. VERY NICE. ALL RIGHT. SO NEXT WE HAVE. COMMITTEE UPDATES. WHO WANTS TO GO FIRST.

MARKETING. WHO'S ANYBODY HERE ON MARKETING. MARKETING. WE I AM HERE FOR MARKETING. YES. WE DID NOT HAVE A MEETING THIS PAST. YEAH. WE DID NOT HAVE ANY REAL ESTATE. REAL ESTATE MET LAST

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WEEK. AND WE'VE GOT SEVERAL ITEMS ON OUR AGENDA TONIGHT. TODAY IN EXECUTIVE SESSION, FINANCE, FINANCE, THE SAME THING WE DID MEET. AND WE'LL BE DISCUSSING WHAT WE DISCUSSED IN OUR MEETING IN EXECUTIVE SESSION INNOVATION. WE HAD A CALL A ZOOM SESSION ON AN INNOVATION FUND APPLICANT ARE MOVING FORWARD PROCESS AND GOVERNANCE. WE HAVE A COUPLE ITEMS TO DISCUSS IN EXECUTIVE SESSION AS WELL RELATIVE TO PERSONNEL. AND SO THAT'S THAT. SO NEXT IS BOARD CHAIRMAN. SO WE'RE KICKING OFF THE NEW YEAR ALREADY WITH A VERY BUSY AGENDA. BUSY MONTH. MR. KOWSKI I'M SURE WE'LL TALK A LITTLE BIT MORE ABOUT THIS, BUT WE HAVE EXECUTED ALL THE CLOSING DOCUMENTS ON VENUE. SO THAT DEAL IS DONE AND WE'RE READY TO MOVE ON TO THE NEXT BIG PROJECT.

ALTHOUGH, YOU KNOW, OBVIOUSLY WE'VE BEEN DOING THAT ANYWAY. SO A LOT HAPPENING WITH THE MR. KOWSKI AND HIS TEAM. AND I JUST WANT TO PUBLICLY THANK YOU ALL FOR YOUR HARD WORK. THESE GUYS HAVE BEEN WORKING THROUGH THE HOLIDAYS. I KNOW LITERALLY 6 OR 7 DAYS A WEEK WITHOUT A BREAK.

SO TO GET GET THESE THINGS DONE. SO THANK YOU ALL VERY MUCH FOR YOUR SUPPORT AND DEDICATION.

[Consider/Discuss MEDC Monthly Reports]

THAT'S ALL I HAVE. SO NEXT WE HAVE. MEDC MONTHLY REPORTS. THANK YOU, MR. CHAIRMAN. I WANT TO START TODAY WITH INTRODUCING ERIC RODRIGUEZ. ERIC STAND UP PLEASE. ERIC IS OUR NEW BUSINESS INTELLIGENCE ANALYST. CAME FROM THE PRIVATE SECTOR. HE JOINED OUR TEAM LAST WEEK. WE HAD HUNDREDS OF APPLICATIONS AND ERIC ROSE TO THE TOP WAS A VERY EASY DECISION FOR ME TO MAKE.

IT'S BEEN A GREAT CULTURAL FIT THUS FAR AND WE'RE LOOKING FORWARD TO HIM ADVANCING OUR DATA ANALYSIS AND SO ON. SO PLEASE HELP ME WELCOME ERIC TO THE TEAM. THANK YOU. I'LL NOW ASK MR. TAYLOR TO COME UP AND SPEAK ABOUT WHAT'S HAPPENING IN THE ORGANIZATION. GOOD MORNING AND HAPPY NEW YEAR BOARD CHAIR. MR. PRESIDENT, ACTIVE PROJECTS WILL JUMP IN 28 ACTIVE PROJECTS WITH 21 TRADITIONAL SEVEN BEING INNOVATION. IF YOU BOUNCE TO THE NEXT SLIDE WITH THE INNOVATION PIPELINE AUDITING THESE NUMBERS NOW BUT ABOUT 168 APPLICATIONS, I THINK IT'S A LITTLE BIT MORE THAN THAT. BUT WHAT WE FINISHED OFF WITH WITH 24. BUT WE'LL AUDIT THAT IN THE ANNUAL REPORT THAT LUKE AND HIS TEAM IS WORKING ON. AND THEN ANOTHER THING, IF YOU JUMP TO THE NEXT SLIDE, SOMETHING MR. KOSKI AND I HAVE BEEN WORKING ON IS TRYING TO GIVE YOU GUYS A BETTER UNDERSTANDING OF WHAT'S HAPPENING WITH PROJECTS INSTEAD OF JUST PUTTING NUMBERS ON THE BOARD. SO ESTHETICALLY, VISUALLY, WITH A PROJECT FUNNEL SHOWING LEADS, THE ACTIVE PROJECTS, WHAT'S IT LEGAL? WHAT'S IT THE OFFER LETTER STAGE AND THEN WHAT'S ACTUALLY WON.

AND THEN YOU'RE RIGHT, YOUR RIGHT SIDE IS YOUR CAPEX AND YOUR LEFT SIDE IS YOUR JOBS.

THIS IS SOMETHING THAT WOULD BE SHOWN PUBLICLY. SO THERE'S A LOT OBVIOUSLY REDACTED NUMBER WISE ON THE BOTTOM OF THIS, BUT SOME OF THESE NUMBERS WILL BE ABLE TO GIVE YOU AN EXECUTIVE SESSION.

JUST HIGH LEVEL OVERVIEW. WE CAN'T DIVE INTO EACH INDIVIDUAL PROJECT, BUT SOMETHING WE'VE BEEN WORKING ON, JUST TO GIVE YOU GUYS A LITTLE BIT BETTER UNDERSTANDING OF WHAT'S HAPPENING IN THE PROJECT PIPELINE, I'LL ADD ON TO THAT. SO THIS IS ONE OF THE THREE TOP PROJECTS MR. RODRIGUEZ WILL WORK ON FOR US TO AUTOMATE THIS AND CREATE A DASHBOARD THAT ANY BOARD MEMBER AT ANY TIME CAN KIND OF TAP INTO TO SEE THE STATUS OF PROJECTS AS THEY MOVE THROUGH THE FUNNEL. RIGHT? AND I'LL SAY, YOU KNOW, THINGS LIKE THIS THAT WOULD TAKE US HOURS, DAYS, WEEKS, MONTHS, AT TIMES WITH AN ANALYST ON BOARD, YOU KNOW, THIS IS WHAT THEY SPECIALIZE IN. SO IT'S REALLY GREAT TO HAVE ERIC ON BOARD TO WHERE WE CAN GIVE HIM IDEAS LIKE THIS. AND HE CAN PUT THOSE TOGETHER AND BRING THEM TO FRUITION JUST FOR THE PUBLIC.

THE BARS ARE THE AMOUNT OF CAPEX FOR THAT PARTICULAR PROJECT AND THE AMOUNT OF JOBS THAT ARE GOING TO BE CREATED WITH THAT PROJECT. CORRECT? THAT'S CORRECT. AND THE REASON WE DO LEAVE OFF SOME NUMBERS IS BECAUSE A LOT OF TIMES WE ARE OUR OUR COMPETITORS, OUR OTHER CITIES ARE WORKING THE SAME PROJECTS. SO TO KIND OF KEEP SOME OF THAT FROM THE PUBLIC IN A SENSE OF SO YOU'RE NOT UNDERSTANDING EXACTLY WHAT PROJECTS WE'RE WORKING WITH WITH THAT JOB NUMBER. IT CAN BE PRETTY SPECIFIC AT TIMES. WHAT'S THE CROSSHATCH LIKE IN THE.

YEAH, THOSE ARE PROJECTS THAT MOVED DOWN THE FUNNEL. SO IF IT'S CROSSHATCH IT MEANS THERE WAS A LEAD. NOW IT IS AN ACTIVE AND SO ON AND SO FORTH. OKAY. SO NEW TO THAT CATEGORY. YES.

GOTCHA. AND HAPPY TO STAND FOR ANY MORE QUESTIONS. WELL I JUST WANT TO SAY THIS IS A THIS IS A BIG STEP FORWARD BECAUSE IT'S GOT A LOT MORE INFORMATION, A LOT MORE GRANULARITY THAT MAKES A LOT MORE SENSE THAN WHAT WE'VE BEEN REVIEWING PREVIOUSLY. SO THANK YOU. ALL RIGHT. GREAT.

THANK YOU. MANAGER LUKE I'LL COME UP AND SPEAK ABOUT OUR KPIS AND MARKETING. GOOD MORNING, MR.

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PRESIDENT. MR. CHAIRMAN, MEMBERS OF THE BOARD GREAT TO SEE YOU THIS MORNING. I WILL STAY HERE ON THIS SLIDESHOW FOR JUST A MOMENT. THERE IS MORE DETAILS IN YOUR BOARD PACKET, AS USUAL ABOUT THE MARKETING, DATA ANALYTICS, ALL THE IN-DEPTH LOOK AT OUR MARKETING SNAPSHOT JUST AS A QUICK OVERVIEW THINGS TREND VERY WELL FOR US. THEY CONTINUE TO IMPROVE IN OUR OUTREACH, DIGITAL MARKETING TO DIFFERENT COMMUNITIES IN CALIFORNIA, NEW YORK, REGIONS WHERE THERE'S HIGH COST OF LIVING, LOW QUALITY OF LIFE, THINGS LIKE THAT. SO IF WE WOULD SKIP AHEAD TO LET ME SEE IF I CAN CLICK THROUGH HERE, GO ONE MORE. THERE WE GO. THIS GIVES YOU A SNAPSHOT OF DECEMBER'S EMAIL MARKETING. OPEN RATE AGAIN CONTINUES TO EXCEED INDUSTRY STANDARDS AT 40%. AND THEN A HUGE SPIKE IN OUR WEBSITE VISITOR TRAFFIC. WE HAVE AN EXTRA ZERO AT THE END THERE. SO FORGIVE ME FOR THAT, BUT IT'S 15,308 AT OUR NUMBERS FOR THAT, WHICH IS AGAIN MASSIVELY IMPRESSIVE. THIS TIME THREE YEARS AGO, OUR NUMBERS WERE ABOUT 1500 WEBSITE VISITORS. SO WE'VE ANNEXED THAT PRETTY MUCH, WHICH IS GREAT TO SEE. AND THEN SOME MILESTONES WE'VE HIT AGAIN, 15 15,000 ON OUR WEBSITE IS A HUGE MILESTONE. ORGANIC GROWTH ON INSTAGRAM IS 2001 FOLLOWERS, WHICH IS HUGE, AND THEN 500 SUBSCRIBERS ON YOUTUBE, WHICH IS ANOTHER GREAT MILESTONE AGAIN, CONSIDERING ORGANIC TRAFFIC. WE DON'T PAY FOR ANY OF THAT. AND THEN IN DECEMBER ALONE, WE HAD 21.25 HOURS WATCHED ON OUR YOUTUBE ACCOUNT, WHICH IS GREAT METRICS THAT EVERY HOUR, EVERY MINUTE REPRESENTS SOMEBODY BEING INFORMED AND EDUCATED ABOUT OUR PROJECTS, ABOUT OUR INITIATIVES, ABOUT OUR CULTURE AS AN ORGANIZATION. AND THAT'S A MASSIVE WIN FOR US. VERY LOW HANGING FRUIT, NOT A LOT OF EFFORT, TIME OR MONEY, BUT GREAT IMPACT IN OUR COMMUNITY AND BEYOND. AND WITH THAT, I'LL STAND FOR ANY QUESTIONS. IN REGARDS TO MARKETING, DO YOU HAVE ANY INFORMATION ON THE GOOD WORK YOU GUYS ARE DOING ON THE PODCAST, AND HOW MANY PEOPLE ARE WATCHING, SUBSCRIBING, ANY OF THOSE SORT OF THINGS? DID I MISS THAT? THAT IS INCLUDED IN THE REPORT ATTACHED. WE COULD SKIP OVER TO THAT, BUT IT'S A LOT OF IN-DEPTH METRICS. ON AVERAGE, WE GET ABOUT 100 DOWNLOADS A MONTH BETWEEN YOUTUBE AND AUDIO. AND SO THOSE AGAIN, THOSE NUMBERS TREND REALLY WELL. A LOT OF PEOPLE LISTEN ON APPLE PODCASTS AND SPOTIFY. THOSE TEND TO BE OUR MOST LISTENED TO AUDIO CHANNELS. AND THERE'S SOME GREAT, AGAIN, JUST GREAT CONTINUED TREND THERE HAPPENING AS WELL. FANTASTIC. YEAH. ALL RIGHT. THANK YOU. THANKS THANKS.

[Final September 2024 Financials]

NEXT WE HAVE A REGULAR AGENDA ITEM 25 2383. 9TH SEPTEMBER 2024. FINANCIALS. CHANCE.

AWESOME. GOOD MORNING CHANCE MILLER COUNTY MANAGER. TODAY WE'LL BE GOING OVER THE FINAL NUMBERS FOR FISCAL YEAR 24. I PRESENTED THE TEMPORARY ONES A FEW MONTHS AGO. WE FINISHED OUR AUDIT YEAR END AUDIT ADJUSTMENTS. AND SO I WANTED TO KIND OF GO THROUGH IT ALL ONE LAST TIME BEFORE WE KIND OF FULLY COMMIT TO FISCAL YEAR 25. SO THIS IS THIS IS OUR BALANCE SHEET. I DON'T TOUCH ON IT A WHOLE LOT. BUT TIMES LIKE THIS, AT THE END OF THE YEAR, I'LL KIND OF GO OVER THE HIGHLIGHTS. AT FIRST GLANCE, EACH ONE OF THOSE COLUMNS REPRESENTS A COMPONENT OF THE MEDC. SO I'LL BE TALKING AT THE FAR RIGHT COLUMN, WHICH IS THE TOTAL, THE COMBINATION OF ALL OF THOSE. EACH COLUMN IS A ONE YEAR, ONE YEAR OPERATING FUND. ONE HAS YOUR FIXED ASSETS AND STUFF LIKE THAT. SO HITTING THE HIGHLIGHTS, IF WE'RE TALKING ABOUT CASH AND INVESTMENTS AT YEAR END, YOU HAD ABOUT $37 MILLION. AND AS WE GO DOWN A LITTLE BIT, IF WE'RE TALKING ABOUT OUR FIXED ASSETS, THIS IS THE COST VALUES. THIS IS WHAT WHEN THE LAND WAS PURCHASED IT WAS $66.6 MILLION. THAT'S BASICALLY YOUR TOTAL FIXED ASSETS. WE ALSO HAVE SOME BUILDING AND STRUCTURES AND MACHINERY AND EQUIPMENT. I THINK THAT'S FOR THE LEASEHOLD IMPROVEMENTS AND STUFF AT THE NEW Y'ALL'S NEW FACILITY. AND THEN SO TOTAL ASSETS FOR THE FOR MEDC IS $112.5 MILLION. MOVING DOWN TO LIABILITIES AT YEAR END. WE'LL ALWAYS HAVE SOME AND ACCOUNTS PAYABLE AND STUFF LIKE THAT. BUT THE BIG THING TO NOTE IS OUR DEBT IS DOWN TO $16.1 MILLION. AND THE OTHER STUFF IS JUST LIABILITIES THAT WE HAVE TO RECORD FOR GASB AND STUFF LIKE THAT. BUT YOUR TOTAL LIABILITIES IS $19.7 MILLION, AND YOU CAN SEE THAT RELEASE THAT SHOWS YOUR FUND BALANCE AT 93.8 MILLION. OBVIOUSLY, THE MAJORITY OF THAT IS IN LAND. SO THAT'S NOT YOUR TRUE FUND BALANCE. BUT JUST JUST AN FYI IN THERE. AND THEN I'LL HAPPY TO DISCUSS AT ANY TIME. IF YOU HAVE ANY QUESTIONS OVER THAT, FEEL FREE TO GIVE ME ANY. GIVE ME A CALL AND I'M HAPPY TO GO THROUGH ANY OF THOSE NUMBERS WITH YOU ALL NOW ON OUR YOUR YEAR END INCOME STATEMENT. WE FINISHED THAT SALES TAX AT $23.8 MILLION. THAT WAS $400,000 ABOVE OUR BUDGETED NUMBER. THAT ACTUALLY IS OUR YEAR END. AND WE ADJUSTED THE BUDGET NUMBER WHEN WE DID THE YEAR END BUDGET UPDATE. SO THAT'S ACTUALLY A I THINK IT WAS ABOUT 6.2% INCREASE OVER LAST YEAR, WHICH IS REALLY STRONG FISCAL YEAR 25. I'LL TOUCH ON THAT NEXT MONTH WHEN WE KIND OF GO OVER TWO MONTHS OF FINANCIALS THERE. INTEREST INCOME, WE HAD $1.5 MILLION. THE MISCELLANEOUS REVENUE IS THE PARKING GARAGE FEES THAT YOU GET FOR THE YOUR OFFICE BUILDING. AND THEN WE HAD A SALE OF LAND

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AROUND $900,000. SO TOTAL REVENUES FOR THE EDC FOR FISCAL YEAR 24 WAS $26.7 MILLION.

MOVING ON DOWN TO EXPENDITURES FOR OPERATIONAL EXPENSES, WE HAD CLOSE TO $3.2 MILLION. FOR PROJECT EXPENSES, WE HAD $5.8 MILLION. AND THEN NON-DEPARTMENTAL IS YOUR $4.5 MILLION, WHICH A LOT OF THAT IS YOUR INS PAYMENT. AND THEN ALSO THE ROADWAY TRANSFER FALLS INTO THAT CATEGORY. TOTAL EXPENSES FOR FISCAL YEAR 24 WAS $13.4 MILLION. AND IF WE LOOK AT THE BOTTOM LEFT, I'LL TOUCH ON THIS. THIS SHOWS OUR BEGINNING FUND BALANCE WAS $25.2 MILLION. AFTER YOU FACTOR IN REVENUE AND EXPENSES, WE GET UP TO $38.5 MILLION. NOW, A LOT OF THAT MONEY IS GETTING RE-APPROPRIATED TO FISCAL YEAR 25. THE ONE CATEGORY I WANT TO POINT OUT IS THE PROJECTS THAT WE HAD $30.5 MILLION BUDGETED. WE SPENT CLOSE TO SIX. SO I MET WITH KOSKI, AND A LOT OF THAT MONEY IS GETTING MOVED FOR A LOT OF STUFF HAPPENS. THE TIMING OF PROJECTS GET DELAYED WITH CEOS AND STUFF LIKE THAT. SOME YEARS ARE, YOU KNOW, MORE ACTIVITY AND ALL THAT STUFF. BUT WE MOVED A LOT OF THOSE FUNDS OVER TO FISCAL YEAR 25. AND THEN WHEN YOU SEE THAT PROJECT CASH FLOW IN EXECUTIVE SESSION, THAT SHOULD MAKE A LITTLE BIT MORE SENSE AS WELL.

BUT THAT'S ALL I HAVE. I'M ALWAYS HAPPY TO ANSWER ANY QUESTIONS. SO HAPPY TO ANSWER ANYTHING. IS THERE A TREND THAT YOU CAN THAT YOU CAN SHOW US? BECAUSE I KNOW OBVIOUSLY FOR BUDGETING PURPOSES WE BUDGET WAS IT 5% USUALLY FOR HOURS. IS THERE A TREND THAT YOU CAN SHOW US OVER THE LAST COUPLE OF YEARS JUST WHAT THE ACTUALS FOR JUST MAYBE THE LAST THREE YEARS? BECAUSE I MEAN, DIDN'T YOU SAY DID YOU SAY IT WAS LIKE SIX POINT SOMETHING FOR THIS YEAR THAT YOU THOUGHT IT CAME OUT TO BE? YES, I CAN, YEAH. I'LL GLADLY SEND THAT OVER TO YOU. IF WE'RE LOOKING AT THE PAST THREE YEARS, OBVIOUSLY WE HAD REALLY STRONG YEARS BEFORE THAT, CLOSE TO 10%. AND THEN I THINK ONE YEAR WAS CLOSE TO 11.5%. NOW, IF WE GROSS THAT OUT EVEN FURTHER, WE ARE KIND OF CLOSER TO THAT 5% RANGE. IF WE GO OVER TEN YEARS OR SOMETHING LIKE THAT. WE'VE JUST HAD A REALLY STRONG 4 OR 5 YEAR GAP HERE, BUT I'LL HAPPILY SEND YOU THAT DATA SO YOU CAN KIND OF SEE THE FULL PERSPECTIVE IN THAT. THANK YOU, I APPRECIATE THAT. NO PROBLEM. WANT TO MAKE SURE WE'RE MR. RODRIGUEZ'S SECOND PROJECT IS ACTUALLY TURNING THIS INTO A DASHBOARD AS WELL THAT CAN SHOW YEAR OVER YEAR COMPARISONS THAT HELP CHANCE AND SUPPLEMENT THE CHANCES, BACKGROUND WORK AND MAKE IT MORE EASY TO VIEW IN THE PUBLIC SETTING. THANK YOU. GOOD QUESTIONS. THANK YOU. NEED A MOTION? I MOVE TO ACCEPT AS PRESENTED. SECOND IN FAVOR. AYE.

[McKinney National Airport Presentation]

MOTION PASSES 25 2384 MCKINNEY NATIONAL AIRPORT PRESENTATION. GOOD MORNING, MR. CHAIRMAN. MR. PRESIDENT, MEMBERS OF THE BOARD, O.H. HERE I OH GO BLUE. OH SORR. NEED TO ADDRESS THIS OHIO STATE INFILTRATION THAT WE HAVE. I'M KEN CALI I'M THE AIRPORT DIRECTOR. I'M GOING TO GIVE YOU AN UPDATE ON THE EAST SIDE AIRPORT DEVELOPMENT PROJECT WE'VE BEEN WORKING THROUGH JUST A LITTLE BIT OF HISTORY. YOU CAN RECALL THIS PROJECT'S BEEN GOING ON FOR A NUMBER OF YEARS, ACTUALLY GOING BACK TO 2019 WHEN WE STARTED GETTING UNSOLICITED OUTREACH FROM AIRLINES INTERESTED IN BEING AT MCKINNEY, WORKING THROUGH DUE DILIGENCE, PROJECT PERFORMANCE. A LOT OF TANGIBLE THINGS. STARTING IN 2022 WITH THE ENVIRONMENTAL ASSESSMENT. WE'VE BEEN WORKING THROUGH THAT. THAT PROJECT IS THE THAT COMPONENT OF THE PROJECT IS ACTUALLY IN ITS FINAL PHASES, THE PUBLIC COMMENT PERIOD FOR THE ENVIRONMENTAL ASSESSMENT WILL CLOSE ON THE 30TH OF JANUARY. WE HAD THE PUBLIC MEETING FOR THE ASSESSMENT LAST WEEK. SO WE'RE WORKING THROUGH THAT. WE STARTED DOING SOME PRELIMINARY DESIGN LEADING INTO 2023. AS YOU ALL RECALL, THE ORIGINAL PROJECT WAS ABOUT A $300 MILLION PROJECT PROPOSED TO BE BACKED WITH PROPERTY TAX DEBT THROUGH THE BOND ELECTION IN MAY 2023, WHICH WE ALL KNOW FAILED. SO WE CAME BACK AND LOOKED AT THE PROJECT AND REALLY REFINED IT DOWN FROM A $300 MILLION PROJECT TO WHAT WE HAVE TODAY IS ABOUT $72 MILLION PROJECT, AND WE'LL SHOW YOU THE DETAILS OF THAT AND THE DIFFERENT COMPONENTS. BUT REALLY WE FOCUSED IN ON WHAT DO THE AIRLINES NEED DAY ONE TO START OPERATIONS ENABLE THE AIRPORT TO TRANSITION TO COMMERCIAL SERVICE. SO WE'RE WORKING WORKED THROUGH ALL THOSE PROGRAM ADJUSTMENTS. THE PROJECTS ARE BEING DESIGNED NOW. WE ACTUALLY ARE IN A PROCESS NOW OF SELECTING THE CONSTRUCTION MANAGER. WE FINALIZED THOSE INTERVIEWS LAST WEEK. WE'LL MAKE THAT SELECTION THIS WEEK WITH THE INTENT OF BRINGING THE PRE-CONSTRUCTION PROJECT TO THE MCKINNEY CITY COUNCIL IN FEBRUARY. SO WHEN WE LOOK AT THE

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EAST SIDE OF THE AIRPORT, THIS IS KIND OF WHAT IT LOOKS LIKE TODAY. THERE IS NO DEVELOPMENT FOR AERONAUTICAL USE ON THE EAST SIDE TODAY. THIS PROJECT WITH THE EAST SIDE DEVELOPMENT AND THE PROPOSED COMMERCIAL SERVICE AND THE INFRASTRUCTURE FOR THE TERMINAL AND ALL THE ENABLING INFRASTRUCTURE, WOULD BE THE FIRST PROJECT ON THE EAST SIDE. IT'LL SIT ON ABOUT 190 ACRES OF PROPERTY, OR USING THAT PARCEL THAT THE CITY BOUGHT IN 2018. AND WE'LL BE. STARTING WITH SEVERAL PROJECTS THERE, KIND OF IN THREE BUCKETS. THIS PROJECT WOULD BE THE PARALLEL TAXIWAY OR THE FIRST PHASE, FIRST THIRD OF A PARALLEL TAXIWAY ON THE EAST SIDE AT THE SOUTH END THAT WOULD ENABLE CONNECTIVITY TO THE RUNWAY TAXIWAY SYSTEM FROM THE AERONAUTICAL USES THAT WOULD BE DEVELOPED ON THE PROPERTY. TYING IN OFF OF FM 546, INITIALLY WITH A ROUNDABOUT. ULTIMATELY, WHEN THE 399 SPUR IS BUILT, THOSE INTERCHANGES WOULD BE USED TO ACCESS THE PARCEL. THIS IS ANOTHER COMPONENT OF THE PROJECT, AND IN THIS PROJECT WITH ALL OF THE RED IS REALLY THE INFRASTRUCTURE THAT WE HAVE OUT WITH THE WITH THE CMAR PROPOSAL TODAY. SO WORKING YOUR WAY FROM LEFT TO RIGHT, THE TERMINAL INTEREST ROAD THAT WOULD TIE INTO THE ROUNDABOUT VEHICLE PARKING LOTS, THE ENTRANCE LOOP ROADWAY TERMINAL BUILDING ABOUT 45,000FT■S UP TO FIVE GATES, FIVE PARKING POSITIONS, AIRCRAFT APRON CONNECTIVITY TO TAXIWAY CHARLIE AND THEN OVERNIGHT PARKING ROW AND REMAINING OVERNIGHT PARKING, WHICH WOULD ALSO FUNCTION AS A DE-ICE PAD DURING TIMES OF INCLEMENT WEATHER WHEN WE NEEDED TO DE-ICE AIRCRAFT. SO THAT IS ALL THE INFRASTRUCTURE THAT'S BEING PROPOSED IN THIS FIRST PHASE THAT WOULD FULLY ENABLE US TO START OPERATING COMMERCIAL SERVICE AND THEN JUST SOME RENDERINGS OF THE PROJECT. THIS IS, YOU KNOW, FROM THE SOUTHEAST, LOOKING TO THE NORTHWEST, ACROSS THE PROJECT TERMINAL BUILDING, THE APRON AREA. CURB LANE. SPREADS INSIDE. THIS IS THE TICKETING AREA.

CONCESSIONS AREA IN THE HOLD ROOM AREA. BAG CLAIM. AND THEN I'LL ASK BARRY TO COME UP AND TALK A LITTLE MORE ABOUT THE PROJECT COSTS AND THE DIFFERENT COMPONENTS OF THE PROJECT. GOOD MORNING. BARRY SHELTON, ASSISTANT CITY MANAGER. YOU'VE SEEN SOME OF THESE NUMBERS BEFORE. WE PRESENTED THIS TO OUR CITY COUNCIL AT A WORK SESSION EARLIER THIS MONTH. LIKE KEN SAID, WHAT WE DID WHEN WE HAD TO GO BACK TO THE DRAWING BOARD AFTER THE ELECTION FAILED AND WE COULDN'T USE PROPERTY TAX, BACK THAT DEBT FOR A PERIOD OF THREE YEARS. WE WENT FROM THE $300 MILLION TERMINAL AND THE KIND OF THE MARCHING ORDERS WAS TO COME UP WITH A TERMINAL THAT MET THE NEEDS OF THE AIRLINES WHO ARE INTERESTED, ALLOWED US TO START SERVICE FROM TKI AS SOON AS POSSIBLE TO MEET THE AIRLINE'S GOALS FOR STARTING SERVICE, BUT TO DO IT AS CHEAPLY AS POSSIBLE, BUT AT THE QUALITY NECESSARY TO ALLOW FOR A PASSENGER TO GO THROUGH THE TERMINAL AND FEEL LIKE THEY'VE HAD A GOOD EXPERIENCE. WE LOOKED AT EVERYTHING FROM SPRUNG STRUCTURES TO TILT WALL TO THE SIZE OF THE TERMINAL, BUT WHERE WE LANDED IS WHERE WE ARE TODAY.

WITH ABOUT 40 500 ZERO SQUARE FOOT BUILDING. YOU CAN SEE IT'S PRETTY BASIC IN TERMS OF ITS LAYOUT. IT'S EFFICIENT AS POSSIBLE. BUT WE WANT TO HAVE THE FINISHES IN THE BUILDING TO WHERE SOMEONE WHO FLIES THERE ONCE SAYS, YOU KNOW, THAT WAS REALLY CONVENIENT. IT WAS CLOSE TO MY HOME. IT ALLOWED ME TO GET THROUGH SECURITY VERY QUICKLY. IT WAS COMFORTABLE IN THE HOLD ROOMS, AND IT HAD EVERYTHING I NEEDED. AND YES, I WOULD FLY THERE AGAIN. SO THOSE ARE KIND OF THE TWO THINGS. WE WANT IT TO BE AS EFFICIENT ON THE LAYOUT AND THE COST AS POSSIBLE, BUT WE NEEDED IT TO BE OF THE QUALITY NECESSARY TO GET REPEAT CUSTOMERS. SO THE PROJECTS THAT HE LAID OUT, THIS IS REALLY JUST A SUMMARY OF THE COSTS. THESE ARE VERY PRELIMINARY COSTS. WE LIKE YOU SAID, WE'RE BRINGING THE CONSTRUCTION MANAGER AT RISK ON BOARD HERE IN FEBRUARY AND THEY WILL DO SOME MORE DETAILED COSTING OR COST ANALYSIS SO THAT WE CAN FINE TUNE THESE NUMBERS.

BUT THESE, WE FEEL, INCLUDE A PRETTY SIZABLE CONTINGENCY AND SHOULD BE PRETTY CLOSE TO WHERE WE WILL LAND. ULTIMATELY, THE BUCKETS MAY CHANGE. THERE MAY BE A LITTLE BIT MORE FOR THE TERMINAL AND A LITTLE BIT LESS FOR THE RAMP DEPENDING OR PARKING LOTS DEPENDING ON THE PRICE OF THE MATERIALS AND BUT E LOOKING AT HERE IS THE ESTIMATES FOR THE PROJECT PIECES. NOW, WE

[00:30:02]

ARE HERE TODAY BECAUSE AS WE'VE TALKED TO CITY COUNCIL AND WE'VE TALKED TO THIS BOARD IN THE PAST, WE ARE ASKING FOR A FUNDING GRANT FROM THE EDC. BUT ONE THING OF NOTE FOR THE STATE STATUTE FOR ECONOMIC DEVELOPMENT CORPORATIONS IS YOU'RE VERY LIMITED IN THE TYPES OF THINGS THAT YOU CAN FUND. SO WHEN YOU LOOK AT THIS LIST, YOU SEE THINGS LIKE TERMINAL APRON AND RF EQUIPMENT AND FUEL FARMS AND TERMINAL BUILDINGS. THOSE ARE THINGS YOU ARE NOT ELIGIBLE TO FUND. AND SO WE'VE KIND OF BROKEN THIS DOWN. AND THE THINGS THAT EDC CAN FUND UNDER THE STATE STATUTE WOULD BE PRIMARILY LIMITED TO PARKING LOTS AND THE ROADWAY IMPROVEMENTS. AND SO WHEN WE LOOK AT THIS, THAT LIMITS THE AMOUNT THAT WE COULD ASK THE EDC FOR THE NEXT SLIDE.

HERE IS A BREAKDOWN OF THE PROPOSED FUNDING SOURCES. SO OF THE $72 MILLION ESTIMATED COST, THE EDC AND THE CDC HAVE ALREADY GRANTED MONEY BACK IN MARCH AND APRIL OF LAST YEAR. YEAH, LAST YEAR IT JUST FEELS ODD SAYING LAST YEAR, GETTING USED TO IT. THOSE ARE ALREADY UTILIZED FOR DESIGN AND DEVELOPMENT OF THE PLANS TO DATE. WE ARE ASKING THE CDC TO FUND THE DEBT SERVICE FOR A TIFIA LOAN FOR $30 MILLION. THEY HAVE A LOT MORE LEEWAY ON THE TYPES OF PROJECTS THEY CAN FUND, SO THEY CAN FUND TAXIWAYS AND TERMINALS AND AIRPORT IMPROVEMENTS, AND THEY WILL BE PROVIDING AN INTERIM FINANCING. SALES TAX REVENUE BOND. THE TIFIA LOAN IS A LOW INTEREST LOAN PROGRAM THROUGH THE FEDERAL GOVERNMENT, AND IT'S THE CHEAPEST MONEY THAT WE CAN WE CAN FIND. HOWEVER, THE PROCESS OF WORKING THROUGH WITH THE FEDERAL GOVERNMENT DOES TAKE, YOU KNOW, 12 TO 18 MONTHS. AND SO THEY WILL BE FINANCING WITH INTERIM SALES TAX, REVENUE BONDS. THE REQUEST OF THE MEDC IS FOR $22.4 MILLION, WHICH FUNDS A LARGE PORTION OF THE ELIGIBLE PROJECTS FOR YOU. AND THEN WHAT WE'RE SHOWING HERE IS A FUNDING GAP IS A $14 MILLION, $14.3 MILLION GAP. THE REASON WE HAVE THIS AS A FUNDING GAP IS WE ARE HOPEFUL THAT WE WILL BE ABLE TO ACQUIRE MONIES FROM THE FAA THROUGH THEIR MULTIPLE GRANT PROGRAMS. TXDOT, THROUGH THEIR PROJECT GRANTS AS WELL. AND THEN WE ALSO HAVE OTHER CITY FUNDING SOURCES, THE TRS FUND BALANCE BEING A PRIMARY SOURCE OF THOSE FUNDS. WE ARE OPTIMISTIC THAT WE'LL RECEIVE THAT IN GRANT FUNDS, BUT WE HAVE AN INTERIM FINANCING PLAN TO MAKE SURE WE FILL THAT GRANT. SO WHILE WE SHOW IT AS A FUNDING GAP, WE DO HAVE A PLAN FOR FILLING THAT GAP. SO JUST PUTTING THAT OUT THERE TODAY, THE REQUEST WE WANT TO BE OPEN AND LET THE WORLD KNOW THAT WE ARE ASKING THE MEDC FOR THE $22.4 MILLION GRANT. WE ANTICIPATE THAT TO BE THROUGH SALES TAX, REVENUE BONDS AS WELL. HOWEVER, THAT WOULD BE THE BOND'S DECISION ON HOW TO FILL THAT GAP, IF AT ALL. AND WITH THAT, I HAVE A TIMELINE FOR HOW A SALES TAX REVENUE BOND PROCESS WOULD WOULD GO ABOUT BEING APPROVED. WE'RE NOT ASKING FOR APPROVAL TODAY. TODAY IS THE PRESENTATION TO THE BOARD TO BE PUBLIC WITH OUR REQUEST. WE ARE SCHEDULING A JOINT MEETING ON MARCH 18TH, AND THAT WILL BE A JOINT MEETING WITH THE EDC AND CDC BOARDS, ALONG WITH THE CITY COUNCIL. AND THAT'S WHERE WE WILL ASK FOR ACTION ON THE GRANT APPLICATION ONCE WE GO FORWARD, ASSUMING APPROVAL OF THOSE GRANT REQUESTS, THERE WILL BE PRICING OF BONDS. IN APRIL, ATTORNEY GENERAL APPROVAL IN APRIL, AND THEN RECEIVING THE FUNDS BY THE END OF THE MONTH IN APRIL. WE HOPE TO ON THE SCHEDULE HERE, LIKE WE TALKED ABOUT WHERE WE'VE BEEN WORKING ON THE PROGRAM ADJUSTMENTS, AND THAT'S LOOKING ON THE EAST SIDE DESIGN DOCUMENTS. THE CONSTRUCTION MANAGER AT RISK CONTRACTOR PROCUREMENT IS ONGOING AND WE ARE NEARING A SELECTION. IN FACT, WE HAD THOSE INTERVIEWS LAST WEEK. THE DVD AND CD SETS, DESIGN DOCUMENTS AND THE CONSTRUCTION DOCUMENTS WILL BE COMPLETED HERE BY MAY 1ST, AND WE HOPE TO GET OUR CONSTRUCTION PRICING AT THAT TIME AND GO TO CONSTRUCTION IMMEDIATELY. THE GOAL OF THIS WHOLE PROCESS IS TO OPEN THIS TERMINAL. OUR PROOF OF CONCEPT TERMINAL IN FOURTH QUARTER OF 2026, WHICH IS MEETING THE GOALS OF THE AIRLINE THAT IS VERY NEAR TO SIGNING A DEAL WITH THE CITY. AND WITH THAT, I WILL STAND FOR ANY QUESTIONS THAT THE BOARD MAY HAVE. QUESTIONS. SO YOU SPOKE SO YOU SPOKE OF THE $72 MILLION THAT WAS NEEDED, BUT YOU DON'T HAVE THE IN CONSTRUCTION BUDGET. WHEN DO YOU EXPECT THAT TO BE FINALIZED? SO THAT YOU KNOW EXACTLY HOW MUCH THAT NUMBER IS SO THAT YOU CAN DIFFERENTIATE

[00:35:04]

GAPS AND NEEDS. SO THROUGH THE INTERVIEW PROCESS WE INTERVIEWED THREE FIRMS. AND SO WE ASKED THAT QUESTION SPECIFICALLY AT WHAT POINT IN THE PROCESS CAN YOU GIVE US A GUARANTEED MAXIMUM PRICE. AND THAT WOULD BE BROKEN OUT BY SEGMENT OF THE PROJECT. AND JUST TO BE CLEAR, GOING BACK TO CAIRNS, AND I APOLOGIZE FOR GOING THROUGH A BUNCH OF SLIDES. THERE WE GO. THE CONSTRUCTION MANAGER AT RISK IS ONLY THOSE PROJECT PIECES THAT ARE IN RED. SO THERE'S THREE SEPARATE CONSTRUCTION CONTRACTS THE DARK BLUE, THE TAXIWAY IMPROVEMENTS THAT WILL BE A DESIGN BID BUILD PROJECT. SO THAT WILL BE A LOW BID PROJECT THAT IS SEPARATE. HOWEVER INCLUDED IN THE 72 MILLION OKAY THE LIGHT BLUE. THE ROADWAY IMPROVEMENTS ALSO WILL BE A DIFFERENT SELECTION PROCESS. BUT FOR THE RED PORTION, THE THREE FIRMS WE INTERVIEWED, WE ASKED THEM THAT QUESTION. WHEN IN THE PROCESS, DO YOU EXPECT TO HAVE A GUARANTEED MAXIMUM PRICE AND THAT THAT RANGE FROM THREE WEEKS FROM TODAY? WE CAN GET YOU A PRICE WITH A LOT OF CONTINGENCIES TO ONE GROUP TALKED ABOUT THREE MONTHS DOWN THE ROAD. SO YOU CAN IMAGINE HOW THAT FACTORED INTO OUR SELECTION PROCESS. AND WE ARE LOOKING TO GET YOU GUARANTEED MAXIMUM PRICE, WHICH IS THE CONTRACTORS PRICE THAT WE WILL WE WILL MOVE FROM PRE-CONSTRUCTION SERVICES TO CONSTRUCTION SERVICES WITH A CONTRACT FOR THAT AMOUNT. WE SHOULD HAVE THAT IN. I'M TRYING TO REMEMBER THE TIME FRAME. I BELIEVE IN MARCH BY FOURTH IN TIME FOR THAT 18TH, BUT IN TIME FOR THE 18TH. YES, SIR. BUT BY FOURTH QUARTER 2026, WHAT WE SEE ON THE SCREEN WILL BE IN REALITY, LIKE ROAD TO THE ROUNDABOUT, TO THE THING. ALL THAT STUFF WILL BE UP AND OPERATIONAL FOR PUBLIC TO USE BY 2026. YES, SIR. ONE THING OF NOTE. SO WHEN WE TALK ABOUT THAT FUNDING GAP AND THE GOAL OF ACHIEVING FEDERAL AND STATE GRANT DOLLARS, ONE OF THE THINGS WE ARE GOING TO DO TO HELP SHOW THE NEED TO OUR FEDERAL AND STATE GOVERNMENT PARTNERS IS WE ARE GOING TO START THE TAXIWAY CONSTRUCTION LATER IN THE PROCESS. IT'S FLAT WORK. IT CAN BE DONE ON A PRETTY REGULAR SCHEDULE. IT'S NOT AS COMPLEX AS THE TERMINAL IS. SO WE'RE GOING TO HOLD OFF ON LETTING THAT PROJECT UNTIL A LITTLE BIT LATER, SO WE CAN SHOW THAT THAT FUNDING IS NECESSARY. AND HOPEFULLY WE ACHIEVE THAT. FUNDING FOR THE TAXIWAY PROJECT.

BUT YES, WE ANTICIPATE HAVING EVERYTHING SHOWN ON THE BOARD HERE OPERATIONAL BY FOURTH QUARTER OF 2026 FOR THE AIRLINE TO START SERVICE. DO YOU HAVE AN IDEA AS FAR AS POTENTIAL REIMBURSEMENTS, FAA OR ANYTHING OUT OF TEXTRON AVIATION? YES. SO A COUPLE OF THINGS THAT WE CAN PRESENT IN EXECUTIVE SESSION WITH SOME OF THE ESTIMATES, BUT THERE ARE FUNDING SOURCES THAT ARE NEW TO THE PROJECT. SO ONCE WE START OPERATIONS, A COUPLE OF THINGS THAT WE NOW BECOME ELIGIBLE FOR. ONE IS OUR FAA, AIP ENTITLEMENT GRANTS. SO RIGHT NOW AS A GA AIRPORT, WE'RE ENTITLED TO 120 550, $150,000 ANNUALLY WITH THE ESTIMATED, I'M GOING TO PULL UP MY CHEAT SHEET HERE REAL QUICK WITH OUR ESTIMATED FLIGHTS AND ENPLANEMENTS, THOSE AIP ENTITLEMENT GRANTS ENTITLEMENT, MEANING WE DON'T HAVE TO COMPETE WITH OTHER AIRPORTS FOR THESE GRANTS. GA. IT'S A FLAT 150. THAT'S WHAT YOU GET. IT'S A SMALL AMOUNT OF MONEY TO DO A LOT OF WORK AT THE AIRPORT IN TERMS OF UPKEEP OF TAXIWAYS AND RUNWAYS AND RAMP SPACES, BUT THAT GOES UP WITH OUR YEAR ONE EMPLOYMENT ESTIMATE FROM THE AIRLINE THAT GOES UP TO $1.4 MILLION, AND BY YEAR THREE, IT GOES UP TO $3 MILLION. NOW, THOSE THOSE DOLLARS CANNOT BE USED FOR REIMBURSEMENT OF FUNDING OF THE IMPROVEMENTS, BUT IT WILL BE USED FOR UPKEEP OF THE IMPROVEMENTS. SO WE NEED TO SEAL CRACKS ON THE RUNWAY OR REPLACE PANELS ON THE ON THE RAMP SPACE. WE CAN USE THOSE ENTITLEMENT DOLLARS TO DO THAT, WHERE TODAY THEY HAVE TO COME OUT OF EITHER OPERATIONAL FUNDS OR HIS CAPITAL FUNDS. THE OTHER THING THAT WILL BE HUGE FOR US IS A IT'S A FEE THAT GOES ON TO EVERY TICKETED PASSENGER IN PLANE PASSENGER. SO PEOPLE BOARDING A PLANE IN MCKINNEY AND FLYING OUT, THEY WOULD BE PAYING A PFC, A PASSENGER FACILITY CHARGE, PASSENGER FACILITY. CHARGES WERE ESTIMATED IN YEAR ONE, BEING A HALF $1 MILLION, BUT BY YEAR THREE, $1.7 MILLION, THOSE DOLLARS MUST BE USED TO REIMBURSE ELIGIBLE PROJECTS. SO ELIGIBLE PROJECTS, FOR INSTANCE, THE CDC FUNDING THE RAMP THAT'S AN ELIGIBLE PROJECT. THOSE DOLLARS THAT WE BRING IN IN FCS WOULD GO TOWARDS THE DEBT SERVICE PAID FOR THE CDC, EDC

[00:40:07]

PROJECTS. SOME OF YOUR PROJECTS ARE ELIGIBLE FOR FCS, AND SOME OF THEM ARE NOT. SO REVENUE GENERATING IMPROVEMENTS. LIKE THE PARKING LOT, THE PARKING LOT WOULD BE A HUGE SOURCE OF REVENUE FOR THE AIRPORT OPERATIONS THAT WOULD NOT BE ELIGIBLE. BUT THE ROADWAYS AND THE STREET IMPROVEMENTS WOULD BE ELIGIBLE PROJECTS. SO THERE WOULD BE A PERCENTAGE OF THOSE DOLLARS THAT WOULD BE FUNNELED TO THE EDC FOR THEIR PROJECTS. A PERCENTAGE WOULD GO TO THE CDC FOR THEIR PROJECTS, AND THE PERCENTAGE WOULD GO TO OUR OTHER FUNDING SOURCES. IF IT'S A CITY SOURCE OR AN AIRPORT SOURCE, IT WOULD GO TO REIMBURSE THOSE COSTS. SO WE ANTICIPATE WHILE WE'RE ASKING THE EDC TO ISSUE DEBT, YOUR DEBT SERVICE RIGHT NOW, GIVEN SOME ESTIMATES ON INTEREST RATES, WOULD BE ABOUT $1.4 MILLION PER YEAR. AND MAYBE THERE'S IN YEAR ONE, YOU KNOW, 20% OF THAT $500,000. SO $100,000 COMING BACK TO HELP WITH THE DEBT SERVICE. AND AS THAT GROWS OVER TIME, 20% OF THE $1.7 MILLION PFC, YOU CAN START TO DO THE MATH THERE AND SEE THAT THERE'S AN INCREASING AMOUNT OF MONEY COMING BACK TO HELP WITH THE DEBT SERVICE FOR THE PROJECTS BEING FUNDED. SO THERE'S A LOT OF FUNDING SOURCES COMING IN THAT ARE SPECIFIC TO REIMBURSEMENT OF CAPITAL COSTS. IN ADDITION TO THAT, YOU HAVE YOUR PARKING REVENUES, WHICH IN OUR ESTIMATES COULD BE AS MUCH AS $2.2 MILLION IN YEAR ONE, GROWING TO $6.5 MILLION IN PARKING REVENUES BY YEAR THREE, BASED ON THE EMPLOYMENT ESTIMATES. THOSE NUMBERS WOULD GO TOWARDS THE OPERATING EXPENSES OF THE AIRPORT, SO THE AIRPORT STARTS TO PAY FOR ITS OWN OPERATIONS. OVER THE FIRST COUPLE OF YEARS. SO THERE'S TWO BUCKETS, REALLY. THERE'S THE CAPITAL MONEY AND THERE'S THE OPERATIONAL MONEY. AND WE'LL HAVE SOME MORE INFORMATION GOING FORWARD ON THAT WITH SOME ACTUAL ESTIMATES BASED ON THE AIRLINES PROPOSALS. SO, BARRY, ARE THERE IMPROVEMENTS OR ADDITIONAL EXPENDITURES NEEDED FOR THE CONTROL TOWER OR APPROACH SYSTEMS OR ANYTHING LIKE THAT TO SUPPORT COMMERCIAL AVIATION AT MCKINNEY? THERE'S NOTHING NEEDED AT THIS TIME. SO WE ARE WORKING ON A NORTH RUNWAY EXTENSION OF 500FT. THAT IS AND HAS NEVER BEEN PART OF THE COMMERCIAL PROJECT THAT WAS MORE NEEDED FOR OUR CORPORATE AIRCRAFT WHO ARE FLYING INTERNATIONALLY, NEEDING THE EXTRA THE RUNWAY LENGTH FOR THEIR FUEL, FOR THEIR FUEL BASICALLY TO ON HOT DAYS. HERE IN TEXAS, WHEN YOU TAKE OFF WITH A FULL LOAD OF FUEL, THEY NEED TO HAVE A LONGER RUNWAY. BUT THE AIRCRAFT PROPOSED BY OUR CURRENT AIRLINE THAT WE'RE WORKING WITH, AS WELL AS THE OTHER AIRLINES THAT WE'RE TALKING TO, THOSE CAN ALL OPERATE ON OUR RUNWAY TODAY.

AND EVEN BEFORE WE EXTENDED IT LAST YEAR. SO THE TERMINAL NOT THE TERMINAL, THE TOWER, THE RUNWAY AND THE CONTROL SYSTEMS ARE ALL ADEQUATE FOR THE COMMERCIAL SERVICE TODAY. VERY THAT 45,000FT■S. IS THERE ANY AE WE CAPABLE OF EXPANDING THAT? IF SO, THE PLAN IS FOR 45,000FT■S.

WE MAY NOT EVEN FINISH OUT THAT ENTIRE PORTION IN PHASE ONE. SO IT CAN BE EXPANDED THAT WAY. BUT IT IS ALSO EXPANDABLE. ANOTHER THING OF NOTE IS, IF YOU RECALL THE $300 MILLION PROJECT THAT WE PROPOSED THAT WAS SITTING RIGHT OVER HERE. SO THE THIS WAS 144,000 SQUARE FOOT, TWO STORY TERMINAL WITH FIVE JET BRIDGE GATES. OUR CURRENT TERMINAL IS ALL GROUND LOAD. WE'VE LOCATED THIS IN SUCH A WAY TO WHERE THE FUTURE TERMINAL, ASSUMING SUCCESS OF THE AIRPORT AND OTHER AIRLINES WANTING TO SIGN UP. AS WE GROW AND NEED TO BUILD MORE, WE CAN COME BACK AND BUILD THIS.

CONTINUE TO UTILIZE THIS MAYBE FOR SOME ULTRA LOW COST CARRIERS WHILE THE OTHER TERMINAL IS USED BY OTHER CARRIERS, AND ULTIMATELY, YOU COULD ALSO EXTEND THIS TO ADD A COUPLE MORE GATES FAIRLY CHEAPLY IN THE FUTURE. BUT OUR ULTIMATE GOAL IS TO GO BACK TO THE LONG TERM PLAN, WHICH IS TO BUILD THE FIRST CLASS TERMINAL THAT THAT WE ENVISIONED DURING THE BOND ELECTION. SO WE'VE SIZED IT. WE'VE LOCATED IT IN SUCH A WAY TO WHERE WE COULD CONSTRUCT THE SECOND TERMINAL WHILE STILL OPERATING THE FIRST. SO DO WE ARE WE GOING FORWARD WITH YOU'RE GOING TO GO FROM 8002FT TO 8500FT ROUGHLY. RIGHT? YOU'RE YOU'RE EXPANDING THE 8000 IS AT THE END. SO WE STARTED WITH A 7002 FOOT RUNWAY. WE EXTENDED THIS PORTION RIGHT HERE. IT'S A 500 FOOT EXTENSION TO THE SOUTH THAT IS OPEN TODAY. WE'RE DOING THE SAME ON THE NORTH SIDE THAT WILL BE COMPLETED BY THE TIME THE TERMINAL IS COMPLETED. SO IT WILL BE AN 8000 FOOT TERMINAL

[00:45:01]

UPON COMPLETION. 8000 FOOT RUNWAY. THERE'S A FUTURE PHASE FOR ANOTHER 500FT TO THE NORTH, BUT THAT'S AT SOME POINT IN THE FUTURE. IS THIS WHAT WE'RE GOING TO HAVE, OR IS THERE ANY.

THERE'S NO I GUESS THERE'S NO PLACE TO PUT ANOTHER RUNWAY AT ANY TIME IN THE FUTURE. CORRECT.

SO THIS QUESTION WAS ASKED BY THE CITY COUNCIL. SO WITH THIS TERMINAL IN PLACE, THERE'S NOT A LOGICAL PLACE TO PUT A PARALLEL RUNWAY BECAUSE IT WOULD REALLY RUN RIGHT UP. THERE. WE NEED TO MOVE RIGHT ABOUT THROUGH HERE. IT HAS TO BE A LITTLE FURTHER AWAY THAN THE TAXIWAY. YEAH, BUT IF IN THE FUTURE THAT IS SOMETHING THAT IS NEEDED, WHICH OUR NUMBERS SHOW THAT IT TRULY IS NOT OKAY. BUT IF IT IS, SAY IN 20, 30 YEARS, WE'RE OPERATING AT THE POINT TO THE POINT WHERE WE NEED TWO THINGS. WE NEED A SECOND RUNWAY AND WE NEED A TERMINAL OVER HERE, THEN THIS COULD BE REPURPOSED FOR A RUNWAY. THE SECOND RUNWAY WOULD LIKELY BE A MUCH SHORTER RUNWAY TO MOVE GA OPERATIONS, KIND OF THE PRIVATE AIRCRAFT AND TRAINING OPERATIONS OFF OF THE MAIN RUNWAY TO ALLOW FOR COMMERCIAL OPERATIONS. BUT OUR CONSULTANT TEAM AND OUR ESTIMATES FOR THE GROWTH OF THE AIRPORT DO NOT BELIEVE WE WILL APPROACH THE NEED FOR A SECOND RUNWAY. FINAL QUESTION THAT STORMWATER DETENTION? I'M ASSUMING THAT'S CAN BE A TEMPORARY USE. IT CAN BE MOVED IF YOU NEEDED TO PARK THERE LATER. I'M JUST LOOKING AT WHAT YOU'VE SHOWN US. YES. SO THE CITY PROPERTY THAT IS OWNED KIND OF THERE'S A PANHANDLE THAT COMES OVER HERE, AND THE SPUR 399 IS DOWN HERE ON THE WALL, BUT BETWEEN THE SPUR AND THAT IS CURRENTLY STORMWATER DETENTION AS THAT'S NEEDED FOR THIS PHASE. I COULD SEE THAT BEING REPURPOSED FOR LONG TERM KIND OF ECONOMY PARKING AS NEEDED IN THE FUTURE, AND THEN RELOCATING THE STORMWATER DETENTION. OR IF ABSOLUTELY NECESSARY, YOU CAN DO UNDERGROUND. UNDERGROUND STORMWATER DETENTION. I DID HAVE SOMETHING FOR THE PUBLIC THAT'S VERY INTERESTED IN ALL THIS.

THIS IS INFORMATION THAT GOES DEEPER THAN THEY PROBABLY NEED. BUT WHAT'S THE BEST WAY FOR PEOPLE WHO ARE INTERESTED IN WHAT'S GOING ON WITH THE AIRPORT TO STAY UP TO DATE WITH WHAT'S ACTUALLY GOING ON? THE WEBSITE IS STILL OUT THERE. YEAH, THE WEBSITE IS STILL OUT THERE. THE BEST SOURCE IS THE AIRPORT'S WEBSITE, WHICH IS FLIGHTCAR.COM. YES. SO THAT WOULD BE THE SOURCE WHERE WE'LL POST PRESENTATIONS. WE'LL HAVE LINKS TO THE MEETINGS SO THEY CAN SEE THE DISCUSSION SO THEY CAN STAY INFORMED. ALL RIGHT. THANK YOU. THANK YOU. 25 2385 CANNON BEACH UPDATE.

[Cannon Beach Update]

PERFECT. I THOUGHT IT WOULD BE GREAT TO GIVE A SMALL PRESENTATION ON THE UPDATES ON CANNON BEACH. WHAT'S HAPPENING THERE? BECAUSE THEY ARE GOING TO THE MCDC MEETING THIS THURSDAY, AND I WANT TO MAKE SURE THAT WE ARE UP TO SPEED ON THE PROGRESS WE'RE MAKING. SO AS A REMINDER, CANNON BEACH IS A FANTASTIC MIXED USE PROJECT WITH A WATER FEATURE AT THE CENTER OF IT, SURROUNDED BY A RESORT, HOTEL, OFFICE SPACE, RESTAURANTS, AND SO ON. THE YELLOW DIAMOND THERE ARE ORANGE, DIAMOND IS THE AMPHITHEATER, AND THE BLUE DOT, OF COURSE, IS WHERE CANNON BEACH IS TO BE LOCATED. 34.5 ACRES IS PART OF PHASE ONE. PHASE TWO COULD INCLUDE A 23.5 ACRES TO THE EAST OF THAT. SO MORE TO COME ON THAT PORTION OF THE PROJECT. AND THEN WHY WE DO THESE TYPE OF THINGS. A $200 MILLION INVESTMENT IN THE GREAT CITY OF MCKINNEY, 700 JOBS AND 300,000 PEOPLE ENGAGING WITH THE PROJECT ON AN ANNUAL BASIS ALL ALIGNS WITH OUR AGILE PILLARS THAT WE'VE ADOPTED AS A GROUP. AND THIS REALLY FEEDS INTO ATTRACT. AND I JUST WANT TO SPOTLIGHT SOMETHING HERE WITH TARGET HIGH IMPACT INDUSTRIES. SO FAMILY ENTERTAINMENT HOTELS AND THEN LOOKING FURTHER BELOW ACTIVATING MEDICI LAND I THINK CHAIRMAN LOCKMILLER ANNOUNCING THAT WE CLOSED IN VENUE SPEAKS SPECIFICALLY TO WHAT WE'RE ACCOMPLISHING AS A TEAM HERE.

THAT LAND NOW IS BACK ON THE TAX ROLLS, BACK ON THE MARKET. IT'S BEING UTILIZED. AND OF COURSE, WE'RE LOOKING TO DO THE SAME THING WITH THIS PROJECT HERE. BUT HERE'S THE CRUX OF MY PRESENTATION TODAY. JUST A QUICK UPDATE. WE LETTER OF INTENT HAS BEEN SIGNED. THAT'S THEIR GOVERNING DOCUMENT. RIGHT NOW WE ARE FINALIZING OUR AGREEMENTS AND THE DESIGN PLAN. AND THURSDAY MORNING MQDC WE'LL HEAR FROM COLE CANNON, THE DEVELOPER REQUESTING A $4 MILLION

[00:50:03]

INFRASTRUCTURE GRANT THAT WILL BE PAID OUT AT THE COMPLETION OF THE SURF LOT. SO CEO HERE MEANS, OF COURSE, IS ABLE TO BE USED BY THE PUBLIC. SO THAT'S A BIG MILESTONE. WE WILL HAVE A JOINT MEETING WITH MEDC AND CITY COUNCIL. WE'RE LOOKING FOR FEBRUARY. SO WE'LL SEE WHERE THAT SITS. AND WE'LL DISCUSS OTHER ASPECTS OF THE INCENTIVE PACKAGE. BUT I WISH TO MAKE SURE THAT I ANNOUNCE FIRST THAT THEIR FIRST REQUEST IS COMING TO A PUBLIC SETTING. AND CDC NEXT WEEK. AND THEN I JUST WANT TO SPOTLIGHT SOMETHING. SO LUKE DOES A GREAT JOB OF TRACKING THE IMPRESSIONS AND THE TRAFFIC THAT WE GET FROM OUR ANNOUNCEMENTS HERE. SO I SAW THIS. WE HAVE 4400 PLUS IMPRESSIONS WHEN WE ANNOUNCED CANNON BEACH THE FIRST 30 DAYS. AND YOUR QUESTION PROBABLY MUCH LIKE MINE, WHAT DOES THAT MEAN? SO WE LOOKED, FOR EXAMPLE, AT VENUES. THE FIRST 30 DAYS VENUE HAD ABOUT 1200 IMPRESSIONS IN OUR SYSTEM. SO CANNON BEACH WAS A WAS A4X2 VENUE. SO IT'S NOT A COMMENTARY ON ANYTHING, BUT TO SHOW THE INTEREST AND EXCITEMENT ACROSS THE METROPLEX FOR SOMETHING THAT'S SURF RELATED AND A MIXED USE DEVELOPMENT. SO THANK YOU, LUKE, FOR SHARING THAT DATA WITH ME AND HELP ME UNDERSTAND THAT. AND THAT CONCLUDES THE PRESENTATION. HAPPY TO ANSWER ANY QUESTIONS. QUESTIONS. THANK YOU. THANKS. NEXT WE HAVE 25

[Consider/Discuss/Act on Chamber of Commerce Awards Based on Nominations]

2386. CONSIDER DISCUSS ACT OF CHAMBER OF COMMERCE AWARDS BASED ON NOMINATIONS. AND YOU ALL HAVE A SHEET IN FRONT OF YOU. AND WE ARE GOING TO VOTE ON THESE BY LETTER AS OPPOSED TO NAMING THE COMPANIES AT THIS POINT, BECAUSE THE CHAMBER PREFERS TO KEEP THESE CONFIDENTIAL UNTIL THE COMPANIES CAN BE NOTIFIED. SO YOU HAVE THE FIRST ITEM IS THE B R E BUSINESS RETENTION ENCORE WIRE AWARD NOMINATION. THERE ARE THREE NOMINATIONS A, B, AND C THAT YOU HAVE IN FRONT OF YOU.

WE WILL HAVE TO. WE DO A WRITTEN SOMETHING WE CAN WRITE ON. CIRCLE THE ONE YOU VOTE FOR OKAY. AND ALL RIGHT. THE SECOND ONE IS THE NEW CORPORATE BUSINESS AWARD NOMINATION AND THE THIRD IS WORKFORCE DEVELOPMENT AWARD. SO JUST CIRCLE THE ONES THAT YOU WANT TO VOTE FOR. AND. I KNOW DINA. AND THEN SHE WILL GIVE US THE SECOND ONE'S TABULATION. YEAH OKAY. WE NEED OUR NAMES ON THESE. ARE THESE ANONYMOUS. THANK YOU CAN TELL WHICH ONE IS THAT. UNLESS YOU DRAW A SQUARE INSTEAD OF A CIRCLE, THEN WE'LL KNOW WHO YOU ARE. THAT'S RIGHT. OR IF YOU USE RED INK, WE'LL KNOW YOU'RE FROM OHIO STATE. THAT'S WHAT I'M HERE FOR. BUT. IT'S WHAT YOUR WIFE SAID. SO THAT'S WHAT I'M HERE TO HELP. WHEN SHE READS THE RESULTS, WE'LL NEED TO HAVE A VOTE. SO. JETPACKS.

IS THAT YOUR VOTE? OR DO WE NEED TO VOTE ON THE LETTERS? THE FINAL NUMBERS? YEAH. YEAH. IF YOU JUST GIVE ME THE TOTAL OF THE OF THE WINNER, THE WINNERS AND I'LL, I'LL READ IT AND THEN WE CAN HAVE A MOTION. NEVER MIND. YOU'RE GOOD, YOU'RE GOOD. YOU'RE ON IT. WE GOT TO DO A VOTE FIRST AND THEN WE CAN DO THAT WHEN WE COME OUT. NO, NO. YOU'RE GOOD, YOU'RE GOOD. I WISH YOU GOOD. I WAS TRYING TO GIVE HER SOME RUNWAY. I WAS TRYING TO BE HELPFUL. NO, NO PUN INTENDED. GIVE HER A LITTLE RUNWAY. WELL, HE DOESN'T NEED IT. WHEN WE COME OUT OF EXECUTIVE SESSION, WE'LL OWN THAT. WE'LL ANNOUNCE. HOW ABOUT THAT? NO. DO YOU WANT TO. DO YOU, DO YOU? YOU'RE THE MAN. YOU'RE THE CHAIR. YOU'RE THE GUY FOR THE RED. YEAH. ALL RIGHT, SO BASED ON THE. VOTE, THE ENCORE AWARD NOMINATION WOULD BE COMPANY, A CORPORATE BUSINESS

[00:55:06]

AWARD. COMPANY A, AND WORKFORCE DEVELOPMENT COMPANY B VOTE TO ACCEPT AS PRESENTED. SECOND, WE HAVE A MOTION. WE HAVE A SECOND. ALL IN FAVOR? AYE. MOTION CARRIES. A SECOND. OKAY. I DON'T KNOW IF THE CHAMBER WANTS. WE DID, BUT I DON'T THINK THEY WANT US TO. THEY WANT US TO. READ IT.

RIGHT. OKAY. ALL RIGHT. SO BASED ON THAT WE ARE NOW PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA. SEEING NONE WE WILL ANY BOARD COMMENTS. NO. NOT EVEN WITH THAT THING AROUND YOUR

[EXECUTIVE SESSION]

NECK. OKAY. ALL RIGHT. WE WILL GO INTO EXECUTIVE SESSION IN ACCORDANCE WITH TEXAS GOVERNMENT CODE SECTION 551071, SUBPARAGRAPH TWO, CONSULTATION WITH ATTORNEY ON ANY WORK SESSION. SPECIAL REGULAR SESSION AGENDA ITEMS REQUIRING CONFIDENTIAL ATTORNEY CLIENT ADVICE NECESSITATED BY THE DELIBERATION OF DISCUSSION OF SAID ITEMS. 551072 DELIBERATIONS ABOUT REAL PROPERTY. 551087 REGARDING DELIBERATION REGARDING ECONOMIC DEVELOPMENT MATTERS AS PRESENTED ON THE AGENDA. 55107 FOR PERSONNEL MATTERS. ALSO, AS POSTED ON THE AGENDA, WE ARE IN EXECUTIVE SESSION AT 8:58 A.M. AND WE WILL BE BACK TO TAKE ACTION AFTER THAT STRUGGLE, YOU KNOW MARK'S NOT HERE. HE'S HE'S LEFT. WE'LL DO A RECAP LATER. YES. ARE YOU READY? OKAY. WE ARE OUT OF EXECUTIVE SESSION AT 10:43 A.M. AT THIS TIME, I'LL ENTERTAIN A

[ACTION ON EXECUTIVE SESSION]

MOTION ON PROJECT MATHESON. ON PROJECT AS DISCUSSED IN EXECUTIVE SESSION. MATHESON.

SECOND, GET A MOTION. SCOTT SECOND BY THAD. ALL IN FAVOR? AYE, AYE. ALL RIGHT. THAT PASSES. ENTERTAIN A MOTION ON PROJECT RUTH. ON PROJECT RUTH, I'LL MAKE A MOTION THAT WE APPROVE AS PER THE DISCUSSION IN EXECUTIVE SESSION. SECOND MOTION. BY TAD, SECOND BY MATT.

ALL IN FAVOR? PASSES. AND THEN? AND THEN ON THE. COMPENSATION ISSUE ON OUR PRESIDENT, I'LL MAKE A MOTION THAT WE APPROVE THE AS DISCUSSED IN EXECUTIVE SESSION. I'LL SECOND. MOTION BY ME. SECOND BY KURT. ALL IN FAVOR. AYE. MOTION TO ADJOURN. ANYBODY SO MOVED? AND MOVED SECOND. SCOTT SECONDED AND LEFT FOR OHIO

* This transcript was compiled from uncorrected Closed Captioning.

Jan 21, 2025 McKinney Economic Development Corporation

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