[CALL TO ORDER] [00:00:05] READY. GOOD MORNING. HAPPY NEW YEAR TO EVERYONE. I NOW CALL THE MEETING OF THE MCKINNEY COMMUNITY DEVELOPMENT CORPORATION TO ORDER. THE TIME IS 804. WE ARE IN COUNCIL CHAMBERS AT 222 NORTH TENNESSEE STREET, MCKINNEY, TEXAS. TODAY WE WILL HAVE OUR INVOCATION BROUGHT TO US BY PASTOR GWENDOLYN LAU OF GRACE HOUSE COMMUNITY CHURCH IN MCKINNEY. THANK YOU. I AM GWEN, AND I'M SO GLAD TO BE HERE WITH YOU AND WITH ALL OF YOU. AND I PASTOR A FUN CHURCH. SO IF PRAYING WITH YOUR EYES CLOSED AND HEAD BOWED IS YOUR WAY, THEN BLESSINGS TO YOU. IF YOU'RE AN OPEN EYE PRAYER, WELL THEN THAT'S OKAY TOO. AND IF JESUS IS NOT YOUR FELLA, THAT'S OKAY TOO. SO I JUST WANT EVERYONE TO BE COMFORTABLE IN AS WE LIFT UP THIS TIME TOGETHER FOR FOCUS AND UNITY AND LIGHT. GOOD MORNING FATHER. THANK YOU FOR WAKING US UP THIS MORNING AND FOR YOUR BREATH OF LIFE. WE PRAY WILL SUSTAIN US THROUGH THIS DAY. LIKE THIS FAIR CITY. YOU'VE CREATED EACH OF US HERE UNIQUELY. WE HAVE DIFFERENT STORIES AND VARIED PASSIONS AND A SPECTRUM OF MOTIVATIONS AND PURPOSES FOR BEING HERE TODAY. EVEN SO, LORD, WE SHARE A UNITED HEART TO ENGAGE IN THIS TIME TOGETHER FOR THE GOOD OF OUR CITIZENS AND VISITORS, FOR THE PROSPERITY OF LOCAL BUSINESSES AND NONPROFITS, AND FOR THE ENCOURAGEMENT OF OUR VOLUNTEER AND ELECTED LEADERS OF MCKINNEY. TODAY, GOD, I PRAY ON BEHALF OF THIS MCKINNEY COMMUNITY DEVELOPMENT CORP. MEETING. I THANK YOU FOR THOSE PRESENT AND FOR THEIR DESIRE TO PERFORM THEIR FUNCTIONS WITH INTEGRITY, TRANSPARENCY, AND HOPEFULLY A LITTLE BIT OF FUN. YOUR WORD CALLS US TO LOVE YOU WITH ALL WE ARE, AND SERVE OTHERS THROUGH PRACTICAL ACTS OF LOVE AND SERVICE. AND SO I DEDICATE THESE COMMUNITY SERVANTS TO YOU TODAY. BE WITH THEIR MINDS. GRANT THEM WISDOM AND DISCERNMENT TO SEE WHAT NEEDS TO BE DONE AND THE COURAGE TO FOLLOW THROUGH. BE WITH THEIR HEARTS. GRANT THEM VISION AND CREATIVITY TO DREAM OF POSSIBILITIES AND THE COLLABORATION REQUIRED TO BRING THEM TO FRUITION. BE WITH THEIR SPIRITS. GRANT THEM PASSION AND HUMILITY. TO LISTEN TO OTHERS AND EACH OTHER WITH INTENTIONALITY AND CARE. AND GOD BE WITH THEIR BODIES. GRANT THEM STRENGTH AND ENDURANCE TO SERVE WITH RESPONSIBILITY AND INTENTIONALITY. THANK YOU FOR THE WAYS YOU HAVE ALREADY INCREASED THE QUALITY OF LIFE AND BUSINESS IN MCKINNEY. THROUGH THEIR GENEROUS GRANT PROGRAMS. CONTINUE TO WORK IN AND THROUGH THEM FOR THE GOOD OF OTHERS. FOR ALL OF US HERE. LORD, WE PRAY THAT AS GRANTS ARE ANNOUNCED TODAY, LORD, THAT YOUR WORK WILL MOVE IN AND THROUGH THIS COMMUNITY FOR THE GOOD OF ALL PEOPLE. BE WITH US ALL AS WE SEEK TO LIVE OUT THE GRAND ADVENTURE OF LIFE AND COMMUNITY TOGETHER. MAY WE SEE CHALLENGES AS OPPORTUNITIES. MAY WE VIEW WINS AS SIMPLY NEXT RIGHT STEPS IN THE LONGER JOURNEY. AND MAY WE SEE ONE ANOTHER IN ALL OF OUR BEAUTIFUL DIVERSITY AS REPRESENTATIVES OF WHAT IS GOOD AND HOLY AND WORTHY, IN THE NAME OF YOUR SON, AND THROUGH THE POWER OF YOUR HOLY SPIRIT, WE PRAY THESE THINGS. AMEN. AMEN. THANK YOU SO MUCH. THANK YOU. I FEEL BEFORE YOU STARTED, I TYPICALLY WILL ASK FOR ADDITIONAL PRAYER, BUT YOU CAN GO AHEAD AND SIT DOWN. OKAY. SO YEAH. I'M READY. YOU BRING UP. BUT I JUST WANT, YOU KNOW, WITH EVERYTHING THAT HAS HAPPENED SINCE WE MET IN DECEMBER, OF COURSE, THE FIRES IN CALIFORNIA AND JUST THE, THE, THE THINGS THAT ARE HAPPENING IN OUR COUNTRY AS A WHOLE, JUST EVERYONE CONTINUE TO KEEP EVERYONE. YOU KNOW, THERE MAY BE INDIVIDUALS HERE WITH FAMILY MEMBERS IMPACTED BY THE FIRES. WE HAVE OUR OWN FIRE AND RESCUE TEAM THAT IS IN CALIFORNIA. SO CONTINUE. PRAYERS FOR THEM. AND OF COURSE, PRAYING FOR THEIR FAMILIES BECAUSE I KNOW THEY HAVE TO BE SCARED AS THEY'RE THEY'RE SUPPORTING AND HELPING OTHER FAMILIES AND CITIZENS. SO AND SO. I FAILED TO HAVE YOU INCLUDE THAT AS PART OF THE PRAYER. BUT THANK YOU SO MUCH. AND WE WILL NOW HAVE THE PLEDGE OF ALLEGIANCE. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. I JUST WANT TO RECOGNIZE WE DO HAVE ALL OF OUR BOARD MEMBERS, AND WE HAVE OUR ALTERNATE BOARD MEMBER, MARCUS, HERE. AND THEN WE ARE ALSO BLESSED TO HAVE A SPECIAL GUEST HERE TODAY. I'M GOING TO GIVE HIM WE STAND UP, TREVOR. TODAY WE HAVE A SPECIAL GUEST. I'M GOING TO I'M GOING TO TAKE PERSONAL PRIVILEGE AND CALL YOU LIKE BOARD MEMBER FOR THE DAY. MAY NOT CAN DO THAT, BUT I JUST [00:05:03] DID IT. SO BOARD MEMBER FOR THE DAY. BOARD MEMBER FOR THE DAY. TREVOR HALEY IS A SEVENTH GRADER AT IMAGINE ACADEMY, AND HE PARTICIPATES IN YOUTH GOVERNMENT AND IS HERE TODAY TO OBSERVE OUR MEETING AND LEARN A LITTLE BIT MORE ABOUT MCDC AND HOW WE CONDUCT OUR BUSINESS. SO I EXPECT EVERYBODY TO CONDUCT THEMSELVES PROFESSIONALLY. HE'S WATCHING US. HE'S WATCHING US. SO THANK YOU, TREVOR. THANK YOU, DAD, FOR, YOU KNOW, IMPACTING YOUR SON TO TAKE THAT OPPORTUNITY. WE ARE SO EXCITED TO HAVE YOU. WE DID TAKE A PICTURE WITH TREVOR. SO HE WILL HAVE THAT WITH HIM. AND I HOPE YOU LEARN SOMETHING TODAY AND AFTERWARDS. IF YOU HAVE QUESTIONS, PLEASE DO NOT HESITATE TO CONTACT MISS CINDY AND ANYTHING WE CAN DO EACH ONE OF US CAN DO TO HELP YOU ON YOUR JOURNEY OF KNOWLEDGE AND RESOURCES. WE ARE HERE TO SUPPORT YOU, SO THANK YOU FOR ALL YOU DO AT YOUR ACADEMY. THANK YOU. AND WE WILL GO TO PUBLIC COMMENTS ON AGENDA ITEMS FOR NON PUBLIC HEARING ITEMS. DO WE HAVE ANY LINDA. WE DO NOT HAVE ANY. OKAY. PLEASE NOTE OKAY, AS FOR NOW, MOST OF THE CITY STAFF HAS NOW MOVED TO THE NEW CITY HALL. WE'RE EXCITED TO GO OVER THERE UNTIL THE TRANSITION. FOR TODAY, WE WILL START OUR START THE MEETING IN NEW CHAMBERS. ALL VOTES AT THIS LOCATION WILL BE BY SHOW OF HANDS, AND THAT IS BECAUSE THE TECHNOLOGY HAS STARTED TO TRANSFER. SO BE A LITTLE BIT MORE PATIENT AS LINDA WILL HAVE TO TURN AROUND AND COUNT FOR OUR VOTES THIS TIME. SO I WILL GO [CONSENT ITEMS] INTO CONSENT ITEMS. I WILL READ EACH CONSENT ITEM AND IF ANYONE WANTS TO PULL AN ITEM DOWN TO VOTE INDIVIDUALLY, THEN YOU CAN. IF NOT, I WILL TAKE A MOTION TO ACCEPT ALL THE CONSENT ITEMS WHICH WERE READ A CONSENT ITEM 25, 23, 2050 ONE MINUTES OF THE MCKINNEY COMMUNITY DEVELOPMENT CORPORATION MEETING OF DECEMBER 19TH, 2024. ITEM 2420 309. MINUTES OF THE JOINT CITY COUNCIL. MCKINNEY ECONOMIC DEVELOPMENT CORPORATION, AND MCKINNEY COMMUNITY DEVELOPMENT CORPORATION MEETING OF DECEMBER 3RD, 2024, ITEM 2523 52 MINUTES OF THE MCKINNEY COMMUNITY DEVELOPMENT POTENTIAL PROJECT SUBCOMMITTEE MEETING OF DECEMBER 9TH, 2024. ITEM 25 DASH 2350 THREE MINUTES OF THE MCKINNEY COMMUNITY DEVELOPMENT CORPORATION POTENTIAL PROJECT SUBCOMMITTEE MEETING, DECEMBER THE 11TH, 2024. IF NO ONE WANTS TO PULL ANY ITEM DOWN, CAN I ENTERTAIN A MOTION TO APPROVE ALL CONSENT ITEMS? MOTION TO APPROVE ALL CONSENT ITEMS MOVED BY CHRIS I'LL SECOND. SECOND BY JOY. SHOW OF HANDS. OKAY. MOTION PASSES. THANK YOU. NEXT [Financial Report] WE WILL GO INTO ITEM 20 OF REPORTS. ITEM 25 2354 FINANCIAL REPORT. CHANCE MILLER. GOOD MORNING, CHANCE MILLER, COUNTY MANAGER A FEW MONTHS AGO I PRESENTED THE PRELIMINARY 20TH FISCAL YEAR 24 FINANCIAL STATEMENTS. TODAY I HAVE THE FINAL VERSION. SO I WANTED TO GO OVER THE FINAL REVENUES AND EXPENDITURES FOR FISCAL YEAR 24. AND I'LL BE HAPPY TO ANSWER ANY QUESTIONS AS I'M GOING THROUGH THIS. SO FIRST OFF, TOUCHING ON SALES TAX, OUR YEAR END TOTAL WAS $23.8 MILLION. THAT WAS A 7% INCREASE, SLIGHTLY OVER 7% INCREASE OVER LAST YEAR'S NUMBERS. YOU CAN SEE THAT WE EXCEEDED OUR BUDGET NUMBER OF 23.4 MILLION. SO THAT WAS ALSO 2% OVER BUDGET. SO THAT WAS A REALLY STRONG YEAR ON SALES TAX, A LITTLE BIT LOWER THAN THE PRIOR YEARS. WE'RE SEEING 11%. AND THEN I THINK LAST YEAR WAS 9% INCREASE. SO THE INCREASE IS STILL SLIGHTLY DOWN, BUT THAT'S STILL 2% OVER BUDGET FOR SALES TAX REVENUES FINISHING REVENUES. WE HAD $31.8 MILLION TOTAL FOR FISCAL YEAR 24. NONE OF THE OTHER NUMBERS REALLY CHANGED VERY MUCH. IT WAS REALLY JUST THE LAST ACCRUAL WE DID FOR SALES TAX REVENUE TO GET TO THIS POINT. MOVING DOWN TO EXPENDITURES FOR OPERATIONAL EXPENSES, WE HAD $860,000 AS OUR YEAR END TOTAL. I WILL NOTE THAT WE HAD $500 LEFT IN SERVICES AND SUNDRY. I THINK WE HAD SOME SAVINGS IN MARKETING, PROFESSIONAL SERVICES AND STUFF LIKE THAT THAT WILL JUST ROLL INTO FUND BALANCE ONCE WE CLOSE OUT THE FISCAL YEAR. MOVING DOWN TO PROJECTS. THE TOTAL NUMBER WAS $14.3 MILLION, AND YOU CAN KIND OF SEE THE BREAKDOWN OF ALL THAT. THE PARK CONSTRUCTION FUND WAS A LITTLE QUIET THIS YEAR, JUST THE TIMING OF THE PROJECTS. AND WHEN THE CDC FUNDING GETS USED, USUALLY CDC IS AT THE END OF THE FUNDING PROCESS FOR THAT. SO EVERY YEAR WE'LL KIND OF DEFER OF WHEN THAT TIME ACTUALLY HAPPENS. BUT WE ALSO HAD A LOT OF MONEY THAT GOT [00:10:03] RE-APPROPRIATED TO FISCAL YEAR 25. SO THAT'S THE TIMING OF Y'ALL'S GRANTS AND STUFF LIKE THAT. SOMETIMES THERE'S DELAYS AND THOSE MONEY MONIES GET MOVED OVER. SO WE DID REAPPROPRIATIONS OF $13.1 MILLION LAST MONTH TO MOVE THAT TO FISCAL YEAR 25. LASTLY, NON-DEPARTMENTAL, WE HAD $3.8 MILLION AND NOTHING CHANGED IN THIS CATEGORY. THIS IS MAINLY YOUR DEBT SERVICE. ALSO, THE ECONOMIC INCENTIVE FOR THE ROADWAY TRANSFER FALLS INTO THIS CATEGORY. SO TOTAL EXPENDITURES FOR FISCAL YEAR 24 WAS CLOSE TO $19 MILLION. I'LL BE HAPPY TO ANSWER ANY QUESTIONS THOUGH AT THIS TIME. ARE THERE ANY QUESTIONS FOR CHIEF? THANK YOU. THANK YOU SO MUCH. NEXT WE WILL GO INTO ITEM 2520 355 BOARD LIAISON REPORTS. WE WILL RESERVE TO HAVE ALL BOARD COMMENTS TOWARD THE END OF THE MEETING. BUT I WOULD JUST WANT TO SHARE. IN DECEMBER WE HAD A COLLECTION BY BOARD MEMBERS AND GUESTS, THOSE THAT WANTED TO PARTICIPATE IN MAKING A DONATION TO STREETSIDE SHOWERS. SO IT WAS OVER. WE WERE TRYING TO GET IT TO THEM IN DECEMBER, BUT JUST OUR SCHEDULES AND THEIR SCHEDULES DIDN'T ALIGN. ON THIS PAST SATURDAY, LINDA AND I WERE ABLE TO DELIVER THOSE ITEMS TO LANCE AS STREETSIDE SHOWERS. AS THEY WERE PREPARING TO PROVIDE THEIR SERVICES TO THE COMMUNITY IN NEED. IT WAS COLD, BUT IT WAS PACKED OVER THERE. THAT WAS PROBABLY MY TO PHYSICALLY REALLY SEE ALL OF THE DIFFERENT PARTNERS THAT THEY ARE UP AT. THE IS IT THE HOPE COMMUNITY PARKING LOT BY ACADEMY. AND SO JUST TO SEE ALL OF THE DIFFERENT PARTNERS THAT COME TOGETHER AND WE HAD THE OPPORTUNITY, THERE WAS A GENTLEMAN THAT CAME UP AND WAS TALKING TO US AS WE WERE TALKING TO LANCE, AND JUST TO LISTEN TO THE STORIES AND SOME OF THE CHALLENGES THAT THEY CONTINUE TO ENDURE WAS REALLY JUST KIND OF ADDITIONALLY AWAKENING TO ME AS A RESIDENT THAT THERE IS STILL WORK TO BE DONE ALWAYS. AND SO AS WE'RE PREPARING, AS THEY WERE PREPARING ON SATURDAY, BUT THEY WERE VERY APPRECIATIVE, WE WERE ABLE TO GIVE THEM PHYSICAL ITEMS, TOILETRIES AND THINGS, AS WELL AS SOME AMAZON DONATIONS. SO HE'S ABLE TO CONTINUE TO BUY THE SUPPLIES THAT HE NEEDS TO PROVIDE FOR HIS SERVICES. SO I JUST WANT TO SAY THANK YOU TO ALL THOSE THAT CONTRIBUTED. AND OF COURSE, THANK YOU TO STREETSIDE SHOWERS AND LANCE AND HIS PARTNERS FOR WHAT THEY DO IN THE COMMUNITY. NOW, I'LL GO TO [Board and Liaison Reports Board Chair City of McKinney Visit McKinney McKinney Economic Development Corporation McKinney Main Street/MPAC McKinney Parks and Recreation] CITY OF MCKINNEY, MISTER GRIMES, GOOD MORNING, MADAM CHAIR. MADAM PRESIDENT, MEMBERS OF THE BOARD. MY NAME IS PAUL GRIMES, CITY MANAGER. HAPPY NEW YEAR. THIS IS THE FIRST MEETING WE'VE HAD SINCE THE NEW YEAR. IT'S HARD TO BELIEVE WE'RE TOWARD THE END OF JANUARY ALREADY. A FEW ITEMS TO UPDATE YOU ON. AS YOU ALLUDED TO EARLIER, STAFF RELOCATION, ALL OF THE DEPARTMENTS THAT ARE GOING TO BE IN CITY HALL WERE MOVED INTO CITY HALL AS OF LAST FRIDAY. SO NOW EVERYBODY'S TRYING TO FIGURE OUT WHERE THE WATER FOUNTAINS ARE AND THE RESTROOMS AND ALL OF THAT. BUT THE ROADS TO GET THERE ARE A LITTLE FUNKY RIGHT NOW BECAUSE WE'RE STILL DOING SOME CONSTRUCTION, SO IT'S A BIT OF A CIRCUITOUS ROUTE TO GET TO THE CITY HALL, BUT THAT THAT WILL BE A PORTION OF THAT WILL BE ADDRESSED VERY SOON. THEY'LL BE POURING CONCRETE IN A FEW WEEKS ON THROCKMORTON AND A PORTION OF VIRGINIA, SO IT'LL BE A LITTLE EASIER TO FIND YOUR WAY TO CITY HALL. AND THEN, OF COURSE, BY THE SUMMER, HOPEFULLY, ALL THAT ROAD WORK WILL BE DONE, INCLUDING UNDERGROUNDING THE UTILITIES AND TO BE MUCH MORE ESTHETICALLY ATTRACTIVE THAN IT HAD, CERTAINLY MORE THAN IT IS NOW, BUT WHAT IT HAD BEEN IN THE PAST. SO PROGRESS CONTINUES. WE ARE IN THE MIDDLE OF SEARCHING FOR AN ASSISTANT CITY MANAGER TO REPLACE KIMBERLY FLOM. AS YOU ALL KNOW, SHE IS LEAVING TO GO BE A CITY MANAGER IN THE TUNDRA OF WISCONSIN. GOD BLESS HER. BUT THAT IS HER HOME STATE AND CHEESEHEADS ARE WHAT THEY ARE, AS I ALWAYS TELL HER. SO YOU KNOW WHO WAS THAT? PAUL? WHAT WAS HER NAME AGAIN? YES, EXACTLY. AND SHE'S BEEN TERRIFIC. SHE'LL BE LEAVES UNBELIEVABLY BIG SHOES TO FILL IN THAT ROLE. BUT WE DO HAVE 143 QUALIFIED APPLICANTS FOR THE POSITION. SO WE WILL BE DOING WE'RE WORKING WITH OUR SEARCH FIRM TO CULL THE LIST DOWN, AND WE'LL BE DOING OUR FIRST ROUND INTERVIEWS PROBABLY AROUND MID-FEBRUARY AND HOPEFULLY OUR FINAL ROUND IN EARLY MARCH, EARLY TO MID MARCH. AND WE'LL BE HAVING A NEW ASSISTANT CITY MANAGER NAMED SHORTLY THEREAFTER. BUT THAT IS WILL BE A BIG CHANGE FOR US. YOU ALL MAY HAVE NOTICED IF YOU WATCHED OR OBSERVED A COUNCIL MEETING TUESDAY NIGHT, WE HAD A LITTLE SEND OFF, IF YOU WILL, FOR GREG CONLEY. GREG CONLEY HAD RETIRED AS POLICE CHIEF A COUPLE OF YEARS AGO AND SERVED AS OUR DIRECTOR OF PUBLIC SAFETY FOR THE LAST TWO AND A HALF YEARS. HE'S DONE A GREAT JOB. WE HAD A NEW POLICE CHIEF, A NEW FIRE CHIEF ALL AROUND THE SAME TIME, AND HE DID A TERRIFIC JOB PROVIDING STEADY LEADERSHIP NOT [00:15:01] ONLY FOR THE JUST PUBLIC SAFETY IN GENERAL, BUT BRINGING GREAT COUNSEL AND GREAT ADVISOR TO MYSELF AND TO THE OTHER EXECUTIVES IN THE CITY MANAGER'S OFFICE. HE IS OFFICIALLY RETIRING BY THE END OF THIS MONTH OR AT THE END OF THIS MONTH, I SHOULD SAY. AND HIS POSITION HAS BEEN IS GOING TO BE RECLASSIFIED INTO AN ANOTHER ASSISTANT CITY MANAGER POSITION. AND TREVOR MINYARD IS FULFILLING THAT ROLE. SO TREVOR MINYARD IS ALSO AN ACM. HE IS AS OF NOW ALREADY. SO HE WAS READY TO GO CHOMPING AT THE BIT. SO TREVOR HAS BEEN SERVING. YOU ALL KNOW TREVOR VERY WELL. HE DOES A TERRIFIC JOB AND HE'S EARNED IT FOR SURE. ONE OTHER COMMENT IS OUR FIRE DEPARTMENT. WE HAD FOUR FOLKS SENT TO LOS ANGELES TO HELP WITH THE WILDFIRES IN LOS ANGELES. WE DO EXPECT THEM. THIS IS PART OF A REGIONAL GROUP FROM TEXAS. THIS IS A REGIONAL GROUP FROM THE DALLAS AREA. SO WE PARTNERED WITH FRISCO AND GREENVILLE AND DALLAS FIRE DEPARTMENTS. AND SIX TEAMS, ALL IN ALL FROM TEXAS WERE SENT TO CALIFORNIA. AND WE DO EXPECT OUR FOLKS BACK PROBABLY AS SOON AS THIS WEEKEND OR NEXT WEEK. SO WHAT WE HOPE TO DO IS BE ABLE TO BRING THEM TO A COUNCIL MEETING HERE IN THE FUTURE AND GIVE A SORT OF A STORY OF THEIR EXPERIENCE AND WHAT THEY SAW. AND, AND WE'RE WE'RE BLESSED TO BE ABLE TO DO THAT, TO SEND SOME FOLKS TO HELP IN THESE TYPES OF THINGS. AND WE DO IT FREQUENTLY WHEN WE SEE WILDFIRES, USUALLY NOT ALL THE WAY IN CALIFORNIA. BUT WE'RE CERTAINLY HAPPY TO HELP. AND WITH THAT, I WILL STAND FOR ANY QUESTIONS. I'LL JUST MAKE A COMMENT. SO KIM FLOM, WHO'S PART OF THE BEST CLASS EVER? ME AND LINDA'S CLASSMATE, SHE WILL BE TRULY MISSED. I HAD TO THROW THAT OUT THERE. BUT THANK YOU, PAUL. ARE THERE ANY QUESTIONS FOR PAUL TREVOR 2018 CLASS? WAS TREVOR IN 2018 I BELIEVE RIGHT HERE. I MEAN, YEAH, JUST CURIOUS. SO THIS TREVOR PAY US NO MIND PAY US NO. YES. YOU WILL ONE DAY BE IN THE BEST CLASS EVER IN THE CITY OF MCKINNEY. SO THANK YOU. WE WILL NOW GO TO VISIT MCKINNEY. THIS IS NOT AARON. OH, AARON HAS GOTTEN PRETTIER. GOOD MORNING, MADAM PRESIDENT. MADAM CHAIRWOMAN, MEMBERS OF THE BOARD. MY NAME IS ALICIA HOLMBERG. I'M THE ASSISTANT DIRECTOR FOR VISIT MCKINNEY. I'M JUST GOING TO GIVE YOU SOME UPDATES ON TWO EVENTS THAT WE'RE WORKING ON RIGHT NOW. THE PGA TOUR PROFESSIONAL PICKLEBALL ASSOCIATION IS HOSTING THEIR TEXAS OPEN AT THE COURTS MARCH 12TH THROUGH THE 16TH. WE'RE EXCITED TO HAVE THEM COME THROUGH. IT IS A COMBINATION OF THE PROFESSIONAL PICKLEBALL PLAYERS. THE TOP PLAYERS IN THE WORLD WILL BE HERE PLAYING, BUT IT'S ALSO INCORPORATES AMATEUR PLAYERS. SO IF YOU ARE A PICKLEBALL PLAYER, YOU'RE WELCOME TO SIGN UP AND PLAY. IN THE EARLIER DAYS OF THE EVENT, IT'S OPEN TO ANYONE. WE EVEN HAVE SOME SPECIAL DISCOUNT CODES FOR MCKINNEY RESIDENTS. THAT'S ALL ON OUR WEBSITE AND THE COURTS WEBSITE AS WELL. AND THEN WE ARE ALSO WORKING ON A THE INTERNATIONAL GIRLS CUP OF MCKINNEY, WHICH IS A YOUTH SOCCER EVENT THAT'S COMING IN APRIL THE 16TH THROUGH THE 20TH, WORKING CLOSELY WITH AMY AND HER TEAM IN PARKS. IT'S GOING TO BE OVER AT CRAIG RANCH SOCCER COMPLEX, AND THEY'RE GOING TO BE BRINGING IN ABOUT THEIR HOPE IS ABOUT 200 TO 225 TEAMS. AT LEAST TEN OF THOSE WILL BE INTERNATIONAL, AND THEN MANY WILL BE FROM AROUND THE COUNTRY. THEY'RE GOING TO BE UTILIZING QUITE A FEW OF OUR HOTELS, AT LEAST EIGHT HOTELS FILLING THEM UP. AND THOSE TEAMS ARE REQUIRED TO BOOK HOTELS PRIOR TO BEING LET INTO THE TOURNAMENT. SO WE SHOULD SEE SOME GOOD IMPACT FROM BOTH OF THOSE EVENTS COMING THROUGH. THAT'S ALL I HAVE FOR YOU. I'LL STAND FOR ANY QUESTIONS. QUESTIONS? JUST CURIOUS IS THE INTERNATIONAL IS THAT GOING TO IS THAT REPLACING WHAT WAS THE DALLAS CUP. SO THE DALLAS CUP IS I BELIEVE STILL HAPPENING. THIS IS KIND OF A BRANCH OFF OF THE GIRLS SIDE OF IT. IT'S A UNIQUE SPORTS IS THE ORGANIZATION THAT'S PUTTING IT ON. AND THEY DID DO PREVIOUSLY WORKED WITH THE TEXANS I BELIEVE. THEN THEY HOSTED SOMETHING THERE. THEY'RE GOING TO ALSO BE HAVING THEIR LARGE WELCOME CEREMONY AT TUFTS. AND THEY'RE HOPING PREVIOUSLY WHEN THEY DID IT IT WAS DOWN IN ARLINGTON. AND THEY HAD ABOUT 3500 PEOPLE COME THROUGH. SO THEY'RE RENTING OUT THE ENTIRE SPACE AT TUFTS. AND IT WILL BE COME AND GO. SO THAT THAT'LL BE EXCITING TO HAVE A BIG, BIG PARTY THERE AS WELL. ANY ADDITIONAL QUESTIONS? THANK YOU. THANK YOU. MUCH PRETTIER. THANKS. MEG. AND THEN WE HAVE MIKE AND WE GOT MIKE. GOOD MORNING, MR. CASKEY. GOOD MORNING, MADAM CHAIR. MADAM PRESIDENT, THANK YOU. I WAS I'M NOT FISHING FOR COMPLIMENTS, BUT THANK YOU SO MUCH. SOME SOME GREAT NEWS. WE'RE BUILDING A 20,000 SEAT AMPHITHEATER. WE CLOSED ON THE PROPERTY TWO WEEKS AGO, SO THE EDC OFFICIALLY SOLD OUR PROPERTY TO VENUE. IT'S A BIG MILESTONE, FOLKS. SO WE ARE ALL SYSTEMS. GO ON THAT. ANOTHER HIGHLIGHT FROM VENUE. THEY RUNG THE BELL AT THE NEW YORK STOCK [00:20:03] EXCHANGE THIS PAST TUESDAY. THEY ARE NOW AN OFFICIAL PUBLICLY TRADED COMPANY. SO AGAIN MOMENTUM IS GOING IN THE RIGHT DIRECTION. WE HAVE A NEW TEAMMATE, ERIC RODRIGUEZ. HE'S OUR BUSINESS INTELLIGENCE ANALYST. WE HAD 299 PEOPLE APPLIED FOR THE POSITION, AND ERIC STOOD OUT FROM ALL OF THEM. SO IT WILL ALLOW MEDC TO USE DATA IN A BETTER WAY TO MAKE BETTER DECISIONS. SO WE'RE WE'RE SO HAPPY TO BUILD OUT OUR TEAM. CONGRATS TO MR. GRIMES AND THE WHOLE TEAM FOR NEW CITY HALL. EDC HAD A CHANCE TO GO OVER THERE AND CHECK IT OUT. IT'S A BEAUTIFUL BUILDING. I SEE HOW IT WILL LIFT THE SPIRITS OF PEOPLE WHO WORK THERE. SO GREAT JOB. YEAH. REALLY BEAUTIFUL. EXCELLENT BUILDING. AND THEN WE ARE EXPANDING OUR OFFICES AT MEDC CDC. IN FACT, WE'VE TAKEN OVER THE SPACE NEXT TO US, THE FORMER FORMER ANGELS OF CARE SPACE, TO EXPAND EDC OFFERINGS TO LOCAL BUSINESSES AND STARTUPS LOOKING TO FIND A SPOT TO CO-CREATE AND KIND OF EXCHANGE IDEAS. SO ANOTHER EVOLUTION IN OUR STARTUP SYNERGY. WE'RE BUILDING WITH THE MARKET. AND LAST BUT NOT LEAST, I WAS IN WACO YESTERDAY WITH AARON WARNER PRESENTING AT A CONFERENCE ABOUT HOW EDC AND VISIT MCKINNEY OR CVBS WORK TOGETHER. MY TAKEAWAY WAS BASICALLY THAT WE ARE BLESSED HERE BECAUSE OTHER CITIES DON'T HAVE THE SAME RELATIONSHIPS WE HAVE BETWEEN DEPARTMENTS AND ORGANIZATIONS. WE EXPRESSED HOW WE WORK TOGETHER ON THE AMPHITHEATER AND CANNON BEACH, WHICH WE'LL TALK ABOUT LATER TODAY. OTHER CITIES WERE SURPRISED THAT AARON'S AT THE TABLE. MY PROJECTS AND I'M ON THE TABLE AT THE TABLE FOR HIS PROJECT. SO JUST WANT TO ACKNOWLEDGE THAT WE'RE DOING IS SOMETHING SPECIAL. IT RESONATES. AND MCKINNEY SHOWED VERY WELL YESTERDAY. SO CONGRATULATIONS TO ALL OF YOU. AND WITH THAT I WILL STAND FOR ANY QUESTIONS, ANY QUESTIONS. THE COUNCIL. WELL I WILL JUST MAKE WHO'S SEEN TROY AIKMAN PROMOTE ON THE COMMERCIAL. I LOOKED AND I WAS LIKE HE'S TALKING ABOUT US. I WAS LIKE, THAT'S OUR AMPHITHEATER. YEAH. AND IT COMES ON LIKE DOING SOME OF THE FOOTBALL, THE BASKETBALL GAMES. I'LL CATCH IT. I WAS LIKE, THAT'S TROY. AND HE AND I'M TALKING LIKE, WHAT ARE YOU TALKING ABOUT IN THAT THING? AND I SAID, OH, THAT'S US. SO I WAS EXCITED TO SEE THAT TYPE OF MARKETING HAPPENING. SO CONGRATULATIONS AND KUDOS TO THE MARKETING TEAM FOR THAT. THANK YOU. THANK YOU. AND WE HAVE THE EVER SO HANDSOME MR. ANDREW. OH. IT'S JUST GOING TO GET BETTER. AMY'S COMING UP NEXT. SO IT'S ALL RIGHT. HEY WE KNOW THE HIERARCHY. IT'S ALL GOOD ANDREW JONES, CULTURAL DISTRICT DIRECTOR. HAPPY NEW YEAR, MADAM CHAIR AND CDC BOARD. WE ARE, YOU KNOW, ROCKING AND ROLLING IN THE NEW YEAR FOR IMPACT AND MAIN STREET EVENTS. WE JUST WRAPPED UP A VERY SUCCESSFUL BRIDAL SHOW, THE MCKINNEY BRIDAL SHOW, THAT WE DO EVERY YEAR IN IMPACT. IT'S A IT'S ALWAYS A COLD DAY, BUT IT'S RELATIVELY WARM IN THE BUILDING. AND WE HAD A RECORD NUMBER OF BRIDES THIS YEAR, SO WE'RE VERY EXCITED ABOUT THAT AND SHOWING OFF AMAZING VENUES ALL THROUGHOUT DOWNTOWN. AND THE CITY AS A WHOLE BRINGS A LOT OF BUSINESS THROUGHOUT THE YEAR. TO MCKINNEY. IF YOU'RE NOT AWARE ABOUT OUR KIND OF BRIDAL BUSINESS, AND HUGE SHOUT OUT TO VISIT MCKINNEY FOR HELPING PUT SOME GOODIE BAGS TOGETHER FOR THAT EVENT. AND BETH WAS THERE THE WHOLE TIME. WE ARE CELEBRATING SOME NEW TINY DOORS THAT HAVE BEEN INSTALLED, SO THAT'S AN ONGOING ART PROJECT IN DOWNTOWN MCKINNEY. WE ARE ACTUALLY GOING TO ALMOST SOLD OUT FOR TICKETS FOR THIS EVENT, BUT WE ARE GOING TO HAVE A TINY DOOR BIRTHDAY PARTY AT IMPACT ON THIS SATURDAY. SO IT'S AN OPPORTUNITY FOR A LOT OF PEOPLE TO COME AND MAKE YOUR OWN DOORS. SO THAT'S THAT'S REALLY, I THINK, THE HEADLINE FOR THIS EVENT. WE'LL HAVE MUSIC AND OTHER FUN GAMES AS WELL. SOME OTHER EVENTS I WANT TO BRING TO YOUR ATTENTION. VALENTINE'S CHOCOLATE AND WINE WALK. THAT'S ON FEBRUARY 15TH. FEBRUARY 22ND. WE'RE DOING A NEW EVENT. IT'S OUR WINTER SIDEWALK SALE IN DOWNTOWN. AND THEN FEBRUARY 22ND IMPACT. WE ARE HOSTING THE TEXAS JAZZ BAND WITH THE UNFADED BRASS BAND FOR A MARDI GRAS CELEBRATION. SO THIS SHOULD BE A REALLY, REALLY UNIQUE, GREAT CONCERT. AND THEN FEBRUARY 28TH, MRT PRESENTS 12 ANGRY JURORS. IF YOU'VE READ THE BOOK OR EVEN SEEN THE MOVIE, IT'S A REALLY, I THINK, A TELLING, YOU KNOW, STORY AND SOMETHING THAT'S ALSO VERY TIMELY. AND THEN MARCH 2ND, WE ARE GEARING UP FOR BARKUS. SO IF YOU'VE NEVER SEEN THE DOG PARADE IN MCKINNEY, IT'S ONE OF OUR MOST UNIQUE EVENTS AND IT'S ALWAYS A GREAT EVENT. THIS YEAR, JUST DUE TO THE CALENDAR, IT FELL IN MARCH, SO IT SHOULD BE A LITTLE WARMER TOO. SO WITH THAT, I'LL STAND FOR ANY QUESTIONS. ALL RIGHT. THANK YOU. THEN WE HAVE THE AMAZINGLY GORGEOUS AMY KING. GOOD MORNING, MADAM CHAIR. MADAM PRESIDENT, BOARD MEMBERS, AMY KINCAID, NOT THE PRESIDENT, BUT DIRECTOR OF PARKS AND REC. I [00:25:02] JUST WANTED TO GIVE YOU SOME UPDATES ON PROJECTS THAT ARE CURRENTLY GOING ON AT APEX. THERE ARE SOME REPAIRS TAKING PLACE IN THE INDOOR, SOON TO BE OUTDOOR POOL. CURRENTLY THERE ARE HYDRO BLASTING THE INDOOR LEISURE POOL BECAUSE OF THE SOUND DECIBELS, WE'RE HAVING TO SHUT DOWN THE COMPETITIVE POOL UNTIL THAT'S COMPLETED AND WE'RE HOPING THAT THAT WILL BE DONE HOPEFULLY BY THE END OF NEXT WEEK. WE HAD SOME WEATHER ISSUES, SO IT'S DELAYED A LITTLE BIT, BUT ONCE THAT'S DONE, WE'LL REOPEN THE COMPETITIVE POOL. I WILL BEGIN REPLASTERING AND RETILING THE LEISURE POOL, SO THAT SHOULD BE COMPLETED BY MID TO END OF FEBRUARY. FOLLOWING THAT, THEY WILL BE MOVING TO THE OUTDOOR POOLS. THERE'S FOUR LEAGUES CURRENTLY IN THE OUTDOOR POOL THAT WILL BE REPAIRED. AND THEN AFTER THAT THEY WILL MOVE TO THE TOP POOL WHERE THEY WILL REPAIR ONE OF THE LEAKS. SO THAT WILL ALL BE READY TO GO BY SUMMER TIME, WHICH IS JUST RIGHT AROUND THE CORNER. AND THE BID DOCUMENTS ARE READY FOR GABE AND THE FOURPLEX AND THE PRACTICE FIELDS. SO THOSE WILL BE GOING OUT TO BID IN THE NEXT FEW WEEKS. AND SO WE'LL BE EXCITED TO MOVE THAT FORWARD. TOWN LAKE LIGHT WALK. WE'RE JUST FINALIZING THE CONTRACT DOCUMENTS AND SHOULD BE DONE FOR THEM TO START WORK ON THAT EARLY FEBRUARY. SO EXCITED TO HAVE THAT DONE. WILSON CREEK GREENWAY TRAIL PHASE. THE CONSTRUCTION SHOULD BE COMPLETED SHORTLY AND THEN PROBABLY EARLY SPRING, AND THEN PHASE TWO WILL BEGIN. THE BIDS WILL GO OUT SOMETIME IN FALL, AND WE WANT TO COMPLETE THIS AND THEN FINALIZE THE DESIGN ON THAT. REC CENTER AT TOWN LAKE. I'M STILL SAYING APRIL ISH. I'M WAITING ON UPDATES OR WAITING ON A COUPLE OF THINGS. SO HOPEFULLY BY END OF SPRING ON THAT. AND MCKINNEY SOCCER COMPLEX, THEY'RE OPENING THE BIDS FOR PHASE TWO THIS AFTERNOON. SO WE'LL BE SEEING THAT MOVE FORWARD. SO THAT WILL BE AN EXCITING PIECE TO SEE THAT COMPLETION SOMETIME SPRING OF 2. ERWIN PARK A 90% CIVIL DESIGN SHOULD BE COMPLETED AND SUBMITTED BY END OF FEBRUARY, WITH GOING TO BID LATE MAY OR EARLY JUNE TO START SOMETIME LATE SUMMER OR VERY HOPEFULLY END OF SUMMER IS OUR UPCOMING EVENTS. AFTER YOU CHECK OUT MAIN STREET ON FEBRUARY 22ND OR AFTER I COME BY TROUT DERBY AT TOWN LAKE. THAT WILL BE HAPPENING FROM EIGHT TO NOON AND WE'LL SEE WHAT THE WEATHER'S GOING TO DO FOR THAT. HOPEFULLY IT'LL BE WARM AND JUST APPRECIATE WORKING WITH. VISIT MCKINNEY ON THE TWO EVENTS THAT ALICIA TALKED ABOUT. THE PPA AND INTERNATIONAL GIRLS CUP. SO WITH THAT, I WILL STAND FOR ANY QUESTIONS YOU MIGHT HAVE. HI, AMY. HI. THAT WAS LIKE A REALLY LONG RUNDOWN OF YOUR CIP AND ALL THE PROGRESS THAT YOU'RE MAKING ON A BUNCH OF DIFFERENT PROJECTS. THAT'S AWESOME. I JUST WANTED TO ASK ABOUT WHAT WE SAW IN OUR FINANCIALS WITH VERY SMALL AMOUNT OF OUR BUDGETED PARKS FUNDING, GETTING OUT THE DOOR IN FY 24. LOTS OF. BUT YOU'VE TALKED ABOUT LOTS OF PROJECTS TODAY THAT ARE MAKING PROGRESS. SO IS IT JUST TIMING OR WERE THERE ISSUES WITH THOSE SPECIFIC PROJECTS. HELP ME UNDERSTAND WHY WE PUT OUT SO LITTLE OF OUR BUDGETED PARKS FUNDING LAST IN FY 24, I THINK IT WAS LIKE 1% OR SOMETHING. IT'S PROBABLY HOW IT'S BUDGETED BECAUSE WE USE CDC'S FUNDING LAST. SO SOME OF THAT WE'RE USING FUNDS FOR THOSE PROJECTS, BUT YOUR FUNDS ARE THE LAST TO GET USED. SO THAT COULD BE THE REASON WHY MOSTLY JUST TIMING. YEAH. YEAH. AND SO WITHOUT A PARKS DEPARTMENT. YEAH. SO PROJECTS WEREN'T MOVING FORWARD AT THE SAME PACE. YEAH. OKAY. AND SO I ASSUME THEN THAT WE'RE WE ROLL THAT OVER INTO OUR BUDGET FOR THIS YEAR. WE HAVE WHEN THE ALLOCATION OF PARKS IS APPROVED WE EXECUTE A PERFORMANCE AGREEMENT. IT'S A TWO YEAR TERM. SO IT DEPENDS ON WHERE WE ARE WITHIN THE PARAMETERS OF THOSE AGREEMENTS AND WHETHER OR NOT IF SOMETHING HAS COME UP TO AS CLOSE TO EXPIRING FROM A TERM STANDPOINT, OFTENTIMES PARKS WILL COME ADDRESS THE BOARD AND LET THEM KNOW WHAT THE SITUATION IS. AND THEN THAT IN THAT CASE, IT'S [00:30:01] REALLOCATED EITHER FOR THE SAME PROJECT OR A DIFFERENT PROJECT. OKAY. AND WE'RE CLOSELY MONITORING TO MAKE SURE MOVING FORWARD THAT THAT'S WITHIN THE TWO YEAR USING IT WITHIN THE TWO YEARS. YEAH. COOL. ANY ADDITIONAL QUESTIONS. THANK YOU. THANK YOU. NOW WE GO TO ITEM 25 [President’s Report] DASH 2356 FROM OUR SENSATIONAL PRESIDENT. THANK YOU, MADAM CHAIRMAN. MEMBERS OF THE BOARD. COUPLE OF THINGS. AS ALWAYS. PLEASE TAKE A LOOK AT THE REPORTS ATTACHED TO YOUR AGENDA. I WANT TO CALL OUT, IN PARTICULAR, THE FINAL REPORT THAT THE LIBRARY FOUNDATION SUBMITTED FOR THEIR PROMOTIONAL GRANT RECEIVED. I THINK THAT THE INFORMATION THEY PROVIDED IS EXACTLY WHAT THIS BOARD IS LOOKING FOR IN TERMS OF REPORTING ON NOT ONLY THE MARKETING THAT WAS DONE, BUT THE ACTUAL PERFORMANCE OF THE EVENTS ATTENDANCE WISE, WHERE PEOPLE WERE COMING FROM. SO IT'S JUST IT WAS A GREAT EXAMPLE OF A FINAL REPORT AND WHAT WE'RE LOOKING FOR. AND WHILE WE'RE TALKING ABOUT THE LIBRARY SPENCER PRESENTED DURING WORK SESSION EARLIER THIS WEEK TO MEMBERS OF COUNCIL ON PLANS FOR THE UPDATES AT THE LIBRARY. HE'LL BE COMING TO THIS TO ADDRESS THIS BOARD AT THE FEBRUARY MEETING AND SHARE THAT SAME INFORMATION. IT'S THE PLANS ARE PRETTY INCREDIBLE, AND THE VISION FOR THAT FACILITY. NEXT WEEK, THE ICC WILL HOST THE RED RIVER STATES CONFERENCE IN DALLAS. BARRY, SHELTON, LINDA AND I AND I WILL BE THERE ON THURSDAY AND THEN PART OF FRIDAY WITH A MCKINNEY BOOTH. SO PROMOTING TO NOT ONLY RETAILERS BUT ALSO BROKERS THAT WORK IN THAT ARENA. AND THAT'S THURSDAY AND FRIDAY OF NEXT WEEK. AND I ALSO WANTED TO LET YOU KNOW THAT WE HAVE RENEWED OUR CONTRACT WITH THE RETAIL COACH, WHO WORKS WITH THE CITY ON RETAIL RECRUITMENT AND HAS BEEN IN THE PAST, HAS PROVIDED NOT ONLY DEMOGRAPHIC INFORMATION BUT CELL PHONE REPORTS TO TRACK ATTENDANCE AT EVENTS. WE HAD A COUPLE SNAGS LAST YEAR AS THEY WORKED THROUGH SOME ISSUES ON COLLECTING THE DATA, BUT I THINK THAT WE HAVE IT WON'T BE EXACTLY THE SAME AS IN THE PAST, BUT I THINK THAT THEY'LL BE REPORTING ON IT. THEY CAN REPORT ON A QUARTERLY BASIS WITHIN CERTAIN DEMOGRAPHIC AREAS, AND WE CAN EXTRAPOLATE WHAT WE'RE LOOKING FOR EVENT WISE FROM THE DATA. SO HAPPY TO RENEW THAT CONTRACT. AND WE'RE WORKING WITH THE TEAM AT MAIN STREET ON SOME PARTICULAR MARKETING INITIATIVES THAT THAT THEY'RE FOCUSING ON THIS YEAR AND INFORMATION THE RETAIL COACH CAN PROVIDE TO THEM TO SUPPORT THEIR MARKETING EFFORTS. AND THE LAST THING IS THE WE'RE CURRENTLY ACCEPTING APPLICATIONS FOR THE FIRST CYCLE OF RETAIL INFRASTRUCTURE GRANTS, AND THOSE WILL BE ACCEPTED THROUGH 5 P.M. A WEEK FROM TOMORROW, JANUARY 31ST. SO IF THERE ARE BUSINESSES IN THE DOWNTOWN AREA OR OTHER GATEWAYS INTO MCKINNEY THINKING ABOUT APPLYING, WE NEED TO GET THAT IN NEXT WEEK AND I'M HAPPY TO ANSWER ANY QUESTIONS. MR. CHANCELLOR. PRESIDENT, THANK YOU. THANK YOU SO MUCH. WE WILL NOW MOVE INTO REGULAR AGENDA ITEMS TODAY. LAST MONTH WE HEARD 15 PRESENTATIONS FROM FOR PROMOTIONAL GRANT APPLICANTS. I WANT TO FIRST SAY THANK YOU TO OUR SUBCOMMITTEE, JOY RJ MARCUS, FOR THEIR VERY DETAILED WORK IN REVIEWING THESE APPLICATIONS IN GREAT DETAIL. IN PREPARING THE RECOMMENDATIONS FOR US TODAY. WHAT I'LL JUST SAY, YOU KNOW, THERE'S ALWAYS MORE ASKS THAN WE MAY HAVE FUNDING. WE DO APPRECIATE EVERYTHING THAT EVERYONE DOES IN OUR COMMUNITY AND JUST CONTINUE TO SUPPORT US. AND IF YOU CONTINUE TO SPEND BY AND DINE IN MCKINNEY, MAYBE WE ARE ABLE TO GIVE ADDITIONAL MONIES IN THE FUTURE. SO TODAY WE JOY WILL BE PRESENTING THOSE RECOMMENDATIONS FROM THE [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Texas Women Society (PC 25-01) in the Amount of $11,000.00 for the Advertising, Marketing and Promotion of the 2025 McKinney Asian Festival.] SUBCOMMITTEE. ON BEHALF OF THEM, I WILL FIRST GO INTO ITEM 25 DASH 2357, CONSIDER, DISCUSS, ACT ON PROMOTIONAL AND COMMUNITY EVENT GRANT APPLICATIONS SUBMITTED BY THE TEXAS WOMEN'S SOCIETY. PC 2501 IN THE AMOUNT OF $11,000 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 MCKINNEY ASIAN FESTIVAL. OKAY, AND IF I MAY, BEFORE REVEALING THE GRANT AMOUNTS FOR THIS PARTICULAR AWARD, AND WE'LL GO ONE BY ONE. I JUST WANTED TO MAKE SOME OPENING REMARKS, JUST TO GIVE SOME CONTEXT TO THE FACTORS THAT WERE CONSIDERED BY OUR SUBCOMMITTEE. EACH OF THE PRESENTATIONS IS CONSIDERED INDIVIDUALLY WHEN WE MEET, AND WE HAVE TO WEIGH BOTH THE AVAILABLE FUNDS AND THE FACTORS THAT I'M ABOUT TO READ TO YOU. AND I JUST WANT TO SAY THAT WE DO SOMETIMES HAVE EXPERIENCE DIRECTLY WITH THE APPLICANTS. SOMETIMES WE ARE NOT FAMILIAR, AND THESE ARE BRAND NEW APPLICANTS. WE TREAT THEM ALL EQUALLY WITHOUT ANY KIND OF [00:35:03] PREJUDICE, AND WE CONSIDER THE ABILITY OF THE APPLICANT TO SHOWCASE THE CITY OF MCKINNEY FOR THE PURPOSES OF BUSINESS DEVELOPMENT AND TOURISM. AND THOSE ARE REALLY THE TWO PARAMOUNT FACTORS. WE LOOK AT THE ANTICIPATED ATTENDANCE THAT'S REVEALED FROM THE APPLICANTS FROM MCKINNEY RESIDENTS, AS WELL AS VISITORS TO THE CITY. WE LOOK AT DATA FROM PAST EVENTS WHERE THEY'RE AVAILABLE. OF COURSE, SOMETIMES IF THE EVENT IS BRAND NEW, THAT'S NOT SOMETHING THAT WE HAVE, AND WE MAKE A GOOD ESTIMATE ALONG WITH THE APPLICANT ABOUT WHAT'S THE LIKELY ATTENDANCE. WE LOOK AT THE NUMBER OF EVENTS THAT A SINGLE GRANT IS SUPPORTING. AS YOU MAY RECALL FROM THE PRESENTATION, SOMETIMES A GRANTEE IS COMING AND THEY'RE LOOKING FOR A SINGLE DOLLAR AMOUNT, BUT THERE ARE MULTIPLE EVENTS WITHIN THEIR APPLICATION. WE LOOK AT THE PAST GRANTS AWARDED AS RELEVANT AND THEN WHETHER THEY ARE A BRAND NEW EVENT. AND AGAIN, ITS CAPACITY TO MEET ALL THESE DIMENSIONS, OR IF IT'S A REPEAT EVENT THAT OBVIOUSLY HAS SOME SOME HISTORY THAT WE CAN GO ON, WE'VE ATTENDED IT OURSELVES OR, YOU KNOW, IT'S GOT SOME REPUTATION TO PRECEDE IT. SO I JUST WANTED TO MAKE SURE THAT EVERYBODY WAS AWARE THAT, YOU KNOW, THESE ARE TREATED AS THEY ARE EVERY YEAR, VERY FULSOMELY. AND NOW WE CAN GET INTO THE RECOMMENDED AMOUNTS. SO FOR THE ITEM THAT ANGIE JUST READ, THIS IS FOR THE TEXAS WOMEN'S SOCIETY. ON BEHALF OF THE SUBCOMMITTEE, I MOVE $10,000. THANK YOU. I MADE A RECOMMENDATION FOR TEN FOR $10,000. SECOND. SECOND BY DAVID HERSHEY. SO SHOW OF HANDS. I'M SORRY. MOTION PASSES. THE GRANT WAS APPROVED IN THE AMOUNT OF [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Odysseus Chamber Orchestra (dba McKinney Philharmonic Orchestra) (PC 25-02) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2025-2026 Concert Season Including a Minimum of Seven Performances.] $10,000. NEXT ITEM, 25 DASH 2358. CONSIDER. DISCUSS ACT ON PROMOTIONAL COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY THE ODESSA CHAMBER ORCHESTRA, DOING BUSINESS AS MCKINNEY PHILHARMONIC ORCHESTRA, PC 20 5-02, IN THE AMOUNT OF $15,000 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 2026 CONCERT SEASON, INCLUDING A MINIMUM OF SEVEN PERFORMANCES. ALL RIGHT, ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE TO PROPOSE $11,250 FOR THIS AWARD. I'LL SECOND THAT MOVE BY JOYCE, SECOND BY CHRIS IN THE AMOUNT OF $11,250. CAN I GET A SHOW OF HANDS VOTE? THE MOTION PASSES AND THE AMOUNT OF $11,250. WHY DO WE HAVE I'M JUST EIGHT. WHY DO WE HAVE EIGHT? NEXT ITEM 25 DASH 20 359. CONSIDER, DISCUSS. ACT ON THE [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Chamber of Commerce (PC 25-03) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2025 Día De Los Muertos Celebration.] PROMOTION OF COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY THE MCKINNEY CHAMBER OF COMMERCE PC 2503. IN THE AMOUNT OF $15,000 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 DIA DE LOS MUERTOS CELEBRATION. ALL RIGHT, ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $12,500 FOR THIS APPLICATION. I SECOND SECOND BY AJ, MOVED BY JOYCE, SECOND BY AJ IN THE AMOUNT OF $12,500 BY SHOW OF HANDS. MOTION PASSES IN THE AMOUNT OF 12,500. NEXT ITEM IS [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by St. Peter’s Episcopal Church (PC 25-04) in the Amount of $12,000.00 for the Advertising, Marketing and Promotion of the 2025 Empty Bowls Event.] 25 DASH 2360. CONSIDER, DISCUSS ACT ON THE PROMOTIONAL COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY SAINT PETER'S EPISCOPAL CHURCH, PC 2504, IN THE AMOUNT OF $12,000 FOR THE ADVERTISING MARKETING PROMOTION OF THE 2025 EMPTY BOWLS EVENT. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $10,000 FOR THIS APPLICANT. MOVE, MOVE! JOY MAKES A RECOMMENDATION OF $10,000. CAN I GET A SECOND, SECOND, SECOND BY DEBORAH? A SHOW OF HANDS. MOTION PASSES IN THE AMOUNT OF [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by The Heritage Guild of Collin County (PC 25-05) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of 2025 Events at Chestnut Square Including Farmers Market, Ghostly Hauntings, Trolley Tours, Village Tours, Educational Programming, and Exhibits.] $10,000. NEXT ITEM 25 DASH 2361. CONSIDER. DISCUSS. ACT ON THE PROMOTIONAL COMMUNITY EVENT APPLICATION SUBMITTED BY THE HERITAGE GUILD OF COLLIN COUNTY, PC 2505. IN THE AMOUNT OF $15,000 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 EVENTS AT CHESTNUT SQUARE, [00:40:03] INCLUDING FARMERS MARKET, GHOSTLY HAUNTINGS, TROLLEY TOURS, VILLAGE TOURS, EDUCATIONAL PROGRAMING AND EXHIBITS. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $12,500 FOR THIS APPLICANT. MOTION IS MADE FOR 12,500. CAN I GET A SECOND, A SECOND, SECOND BY AJ. CAN I GET A VOTE BY SHOW OF HANDS? MOTION PASSES IN THE AMOUNT OF $12,500. ITEM 25 DASH [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Raining Grace, Inc. (dba Texas Homegrown Music) (PC 25-06) in the Amount of $10,500.00 for the Advertising, Marketing and Promotion of the 2025 Texas Music Festival and HippieFest, both in McKinney.] 2362. CONSIDER. DISCUSS. ACT ON THE PROMOTION OF COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY REIGNING GRACE INCORPORATED, DOING BUSINESS AS TEXAS HOMEGROWN MUSIC PC 2506, IN THE AMOUNT OF 10,500 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 TEXAS MUSIC FESTIVAL AND HIPPIE HIPPIE FEST, BOTH IN MCKINNEY. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $9,500 FOR THIS APPLICANT. MOTION WAS MADE FOR $9,500. CAN I GET A SECOND? I'LL SECOND. SECOND BY RICHIE. BY A SHOW OF HANDS. MOTION PASSES IN THE AMOUNT OF $9,500. NEXT ITEM [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Collin County History Museum (PC 25-07) in the Amount of $11,500.00 for the Advertising, Marketing and Promotion of 2025 Events at the Museum.] 25 DASH 20 363. CONSIDER. DISCUSS. ACT ON THE PROMOTION OF COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY COLLIN COUNTY HISTORY MUSEUM, PC 2507. IN THE AMOUNT OF $11,500 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 EVENTS AT THE MUSEUM. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $10,000 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT OF $10,000. CAN I GET A SECOND, SECOND, SECOND BY DEBORAH BY SHOW OF HANDS. MOTION PASSES. [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Millhouse Foundation (PC 25-08) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2025 Millhouse Arts Festivals and Makers Market Events at McKinney Cotton Mill.] THANK YOU. NEXT ITEM 25 DASH 2364. CONSIDER. DISCUSS. ACT ON THE PROMOTION OF COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY MILLHOUSE FOUNDATION PC 2508. IN THE AMOUNT OF $15,000 FOR THE ADVERTISING MARKETING PROMOTION OF THE 2025 MILL HOUSE ARTS FESTIVAL AND MAKER'S MARK EVENT AT THE MCKINNEY COTTON MILL. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $13,000 FOR THIS APPLICANT. I HAVE A RECOMMENDATION BY THE SUBCOMMITTEE OF $13,000. CAN I GET A SECOND? ONE SECOND, SECOND BY CHRIS IN THE AMOUNT OF $13,000 BY SHOW OF HANDS. MOTION [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Sostenuto Choral Community of North Texas (PC 25-09) in the Amount of $1,325.00 for the Advertising, Marketing and Promotion of the 2025 Sostentuo Spring Concert.] PASSES IN THE AMOUNT OF $13,000? ITEM 25. 2365 CONSIDER. DISCUSS. ACT ON PROMOTIONAL AND COMMUNITY EVENT GRANT APPLICATIONS SUBMITTED BY THE OH I CAN'T SUSTAIN ZERO CORAL. IS THAT RIGHT? SOSTENIDO CHORAL COMMUNITY OF NORTH TEXAS PC 2509. IN THE AMOUNT OF $1,325 FOR THE ADVERTISING MARKETING PROMOTION OF THE 2025 SOSTENIDO SPRING CONCERT. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $1,325 FOR THIS APPLICANT. MOTION IS MADE IN THE AMOUNT OF $1,325. CAN I GET A SECOND? I'LL SECOND. SECOND BY RJ BY A SHOW OF HANDS. MOTION PASSES IN THE [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by ManeGait Therapeutic Horsemanship (PC 25-10) in the Amount of $12,500.00 for the Advertising, Marketing and Promotion of the 2025 ManeGait LIVE Country Fair and Concert.] AMOUNT OF $1,325. ITEM 25 DASH 2366. CONSIDER THE DISCUSSED ACT ON THE PROMOTIONAL AND COMMUNITY EVENT APPLICATION GRANT APPLICATION SUBMITTED BY MAIN GATE THERAPEUTIC HORSEMANSHIP PC 25 DASH TEN, IN THE AMOUNT OF $12,500 FOR THE ADVERTISING MARKETING PROMOTION OF THE 2025 MAIN GATE LIVE COUNTRY FAIR AND CONCERT. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $10,000 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT $10,000. CAN I GET A SECOND, SECOND, SECOND BY DEBORAH? BY A SHOW OF HANDS? MOTION PASSES IN THE AMOUNT OF [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Public Library Foundation (PC 25-11) in the Amount of $7,000.00 for the Advertising, Marketing and Promotion of 2025 Fall Special Events.] $10,000. NEXT ITEM 25 DASH 2367. CONSIDER, DISCUSS. ACT ON THE PROMOTIONAL AND COMMUNITY EVENT GRANT APPLICATIONS SUBMITTED BY THE MCKINNEY PUBLIC LIBRARY FOUNDATION. PC 25 DASH 11. IN THE AMOUNT OF $7,000 FOR THE ADVERTISING, MARKETING, AND PROMOTION OF THE 2025 FALL [00:45:04] SPECIAL EVENTS. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $5,000 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT OF $5,000. CAN I GET A SECOND? SECOND, SECOND BY DAVID KELLY BY A SHOW OF HANDS. MOTION PASSES IN THE AMOUNT OF $5,000. ITEM 25 DASH 20 368. CONSIDER. DISCUSS. [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Marching Music Made in McKinney (PC 25-12) in the Amount of $5,600.00 for the Advertising, Marketing and Promotion of the 2025 Drum Corps International Competition at MISD Stadium and Drumline Battle at TUPPS.] ACT ON THE PROMOTIONAL AND COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY THE MARCHING MUSIC MADE IN MCKINNEY PC 20 5-12. IN THE AMOUNT OF $5,600 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 DRUM CORPS INTERNATIONAL COMPETITION AND MISD STADIUM IN DRUMLINE BATTLE AT TUFTS. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $5,600 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT OF $5,600. CAN I GET A SECOND, SECOND, SECOND BY DAVID KELLY? BY A SHOW OF HANDS. GOTTA BE QUICK, GOTTA BE QUICK. THE MOTION PASSES IN THE AMOUNT [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Main Street (PC 25-13) in the Amount of $13,000.00 for the Advertising, Marketing and Promotion of the 2025 Arts in Bloom Event.] OF $5,600. NEXT ITEM 25 DASH 20 369. CONSIDER. DISCUSS ACT ON PROMOTIONAL AND COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY MCKINNEY. MAIN STREET PC 25 DASH 13 AND THE AMOUNT OF 13,000 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 ARTS IN BLOOM EVENT. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $11,300 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT OF $11,300. CAN I GET A SECOND? I'LL SECOND. SECOND. BY DAVID RICHIE A SHOW OF HANDS. MOTION PASSES FOR THE AMOUNT OF $11,300. ITEM 25 DASH 2370. CONSIDER. DISCUSS. ACT ON [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Sanchez Charities, LLC (in collaboration with McKinney Interfaith Compassionate Service) (PC 25-14) in the Amount of $10,550.00 for the Advertising, Marketing and Promotion of the 2025 Run for Hope: Walk in Unity at Towne Lake Park in McKinney.] PROMOTIONAL COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY SANCHEZ CHARITIES, LLC IN COLLABORATION WITH MCKINNEY INTERFAITH COMPASSIONATE SERVICE, PC 25, DASH 14 AND THE AMOUNT OF $10,550 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 RUN FOR HOPE WALK IN UNITY AT TOWN LAKE PARK IN MCKINNEY. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $7,500 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT OF $7,500. CAN I GET A SECOND? I'LL SECOND. SECOND BY AJ, BY SHOW OF HANDS. MOTION PASSES IN THE AMOUNT OF $7,500. ITEM 25 DASH [Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by SBG Hospitality (PC 25-15) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2025 Sip and Stroll Series.] 20 371. CONSIDER. DISCUSS. ACT ON THE PROMOTION OF COMMUNITY EVENT GRANT APPLICATION SUBMITTED BY SBG HOSPITALITY PC 2515. IN THE AMOUNT OF $15,000 FOR THE ADVERTISING, MARKETING AND PROMOTION OF THE 2025 SIP AND STROLL SERIES. ON BEHALF OF THE SUBCOMMITTEE, I'LL MOVE FOR $15,000 FOR THIS APPLICANT. MOTION WAS MADE IN THE AMOUNT OF $15,000. CAN I GET A SECOND, SECOND, SECOND BY DEBORAH? BY A SHOW OF HANDS? YES, WE HAVE ONE. ARE THERE ANY NO VOTES? THE MOTION PASSES IN THE AMOUNT OF $15,000. I WANT TO SAY CONGRATULATIONS TO ALL OF THE OH, THE FINAL AMOUNT OR ALL OF THE REQUESTS IS $144,000 FOR 175. AND AGAIN, THANK YOU TO ALL OF THE APPLICANTS WHO SUBMITTED APPLICATIONS. AND WE LOOK FORWARD FOR THE GREAT EVENTS THAT YOU WILL BE PLANNING AND THE REPORTS THAT YOU WILL BE PROVIDING. THANK YOU TO THE SUBCOMMITTEE FOR YOUR DILIGENCE AND DETAILED WORK IN LOOKING AND DOING THESE REVIEWS. THANK YOU, MADAM CHAIR. I MAKE ONE COMMENT ON THE THIS TOPIC AS WE GO INTO OUR PLANNING FOR NEXT YEAR, I'D LIKE TO CONSIDER INCREASING THE BUDGET AMOUNT FOR THIS CATEGORY. THIS IS A AN AREA WHERE A COUPLE OF THOUSAND DOLLARS EXTRA FROM A REQUEST MAKES A VERY SIGNIFICANT DIFFERENCE. AND SINCE IT'S PROMOTIONAL, IT'S ALMOST SELF-FUNDING BACK WHEN WE WERE ABLE TO DRIVE MORE PEOPLE. SO I [00:50:04] KNOW WE'VE DONE THE BEST WE CAN WITH THE FUNDS THAT ARE AVAILABLE AND THE WORK THAT THE SUBCOMMITTEE DID. BUT I'D LIKE TO CONSIDER FOR THE FUTURE HOW WE MIGHT BE ABLE TO ADJUST THE BUDGET. IT WILL TAKE THAT BACK TO THE BUDGET COMMITTEE, AS THEY'RE LOOKING AT DOING BUDGETS FOR NEXT UPCOMING YEAR. THANK YOU FOR THAT RECOMMENDATION. ANY OTHER COMMENTS ON. THANK YOU SO MUCH. TODAY WE WILL HEAR EIGHT PROJECT GRANT APPLICATIONS. EACH APPLICANT WILL HAVE FIVE MINUTES TO PRESENT, AND THEN THE BOARD WILL HAVE AN OPPORTUNITY FOR QUESTION AND ANSWERS. SO I WILL SAY PLEASE TRY TO ADHERE FOR THE TIME. WE WANT TO BE RESPECTFUL FOR EVERYONE THAT WILL HAVE THE OPPORTUNITY TO PRESENT, AND WE DO WANT TO ALLOW SUFFICIENT TIME FOR THE BOARD TO ASK THE [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Hugs Cafe (4B 25-01) in the Amount of Nine Hundred Seventy Thousand and NO/100 Dollars ($970,000.00) for Infrastructure Costs Associated with the Construction of a New Hugs Headquarters to be Located at 803 Green Street, McKinney, Texas. Amount Represents 9.7% of Total Project Cost.] QUESTIONS FOR EACH EVENT. THE FIRST ITEM IS 25, 25, 23, 72. CONDUCT A PUBLIC HEARING AND CONSIDER, DISCUSS ACT ON THE PROJECT GRANT APPLICATION SUBMITTED BY HUGS CAFE FOR BE 20 5-01. IN THE AMOUNT OF $970,000 FOR INFRASTRUCTURE COSTS ASSOCIATED WITH THE CONSTRUCTION OF NEW HUGS HEADQUARTERS WILL BE LOCATED AT 803 GREEN STREET, MCKINNEY, TEXAS. AMOUNT REPRESENTS 9.7% OF THE TOTAL PROJECT AND THE PRESENTER TODAY WILL BE LAUREN SMITH. GOOD MORNING, MADAM CHAIR AND MADAM PRESIDENT AND MEMBERS OF THE MCDC BOARD. BEFORE I BEGIN TODAY, I WANT TO TAKE A MOMENT TO ACKNOWLEDGE THE TEAM MEMBERS IN THE ROOM. I'M JUST OVERWHELMED HOW MANY CAME TO SUPPORT US TODAY? SO WHETHER YOU ARE OUR FOUNDER AND BOARD PRESIDENT, RUTH THOMPSON, OR A HUG STAKEHOLDER, IF YOU WILL, PLEASE STAND FOR JUST A MOMENT AS PART OF OUR PRESENTATION TODAY. YES. THANK YOU FOR BEING HERE TODAY, AND WE ARE ALL PROUD TO BE A PART OF THIS WONDERFUL CITY HERE IN MCKINNEY. SO THANK YOU ALL FOR COMING AND SUPPORTING ME AND EMBARRASSING ME. THANK YOU. SO WITH THAT, I AM PROUD TO SHARE WITH YOU OUR DREAM FOR THE HOME FOR HUGS A TRUE HUGS HEADQUARTERS COMING TO MCKINNEY, TEXAS IN 2026. A PLACE OF HOPE, UNDERSTANDING, GRACE AND SUCCESS. WE HAVE A DREAM TO BUILD A STATE OF THE ART HUGS CAFE, INC. HEADQUARTERS SO THAT WE CAN STREAMLINE OUR OPERATIONS AND EXPAND OUR PROGRAMS. THIS WILL GIVE US THE ABILITY TO ENSURE MORE DIVERSE TALENTS ARE ABLE TO THRIVE IN OUR WONDERFUL WORKFORCE AND CITY. THE NEW HOME FOR HUGS WILL PROVIDE A POOL OF SKILLED RESTAURANT AND HOSPITALITY EMPLOYEES, AS WELL AS AWARENESS OF INCLUSIVE HIRING. WE ARE PROUD TO SHARE THAT OUR HOME FOR HUGS HEADQUARTERS IS GOING TO BE LOCATED IN THE HEART OF DOWNTOWN MCKINNEY. YOU HAVE WONDERFUL PROJECTS HERE IN THE CITY THAT WE ALL ARE VERY AWARE OF. OUR WONDERFUL CITY HALL, OUR GORGEOUS FLOUR MILL AND SILO PROJECT, THE WONDERFUL TUPPS BREWERY PROJECT, OUR WONDERFUL PARK DECK, AND OF COURSE, ALSO AS A PART OF THAT COMMUNITY WILL BE THE NEW HOME FOR HUGS AT THE CORNER OF ANDREWS AND GREEN, JUST EAST OF TUFT'S, WHICH YOU GUYS ARE ALL VERY FAMILIAR WITH. SOME HIGHLIGHTS ABOUT THE SPACE. BEFORE I SHOW YOU SOME OF THE FLOOR PLAN AND PROGRAMING, WE ARE EXCITED TO SHARE THAT WE WILL BE BUILDING A BRAND NEW HUGS CAFE. WE WILL ALSO HAVE A STATE OF THE ART INCLUSIVE TRAINING KITCHEN, AN EYE CATCHING LOBBY AND RECEPTION AREA, FOUR WONDERFUL CLASSROOMS, A SECOND STORY PATIO, STAFF DROP IN WORKSPACES, ADMINISTRATIVE OFFICES AND THE ENTIRE HUGS TEAM UNDER ONE ROOF. WORKING TOGETHER. HERE ARE SOME OF THE INSIDE OF THE SPACE FOR YOU TO CONSIDER. YOU'LL SEE IN THE NORTHWEST PORTION OF THE PLAN YOU'LL FIND THE ENTRANCE. SO WALKING INTO THE SPACE TO THE LEFT, YOU'LL FIND OUR WONDERFUL CAFE. SOME ITEMS TO NOTE. THERE WE WILL HAVE A WALK IN REFRIGERATOR AND FREEZER. WE CAN ONLY IMAGINE HOW MANY WEDDING CAKE, COOKIES, AND HOLIDAY PIES WILL BE ABLE TO PUT IN THOSE PLACES. WE WILL ALSO HAVE A FULL DISHWASHING ROOM, A DRY STORAGE PANTRY TO THE SOUTH. THERE YOU WILL FIND OUR STATE OF THE ART HUGS TRAINING KITCHEN. THIS. THIS INITIAL FLOOR WILL ALSO HAVE THREE CLASSROOM SPACES AND A WONDERFUL LOBBY AND RECEPTION FOR OUR TRAINING, AS WELL AS FOR OUR ADMINISTRATIVE TEAM AND THE MANY GUESTS THAT COME TO OUR BUILDING. YOU WILL ALSO NOTE IN THE SOUTHWEST PORTION OF THE BUILDING, THERE'S GOING TO BE A WONDERFUL STAFF AND TRAINEE LOCKER ROOM SO THAT WHEN YOU COME TO HUGS, YOU'RE HANGING UP IN YOUR LOCKER ROOM, YOUR ITEMS, AND PROUDLY ENGAGING IN THIS SPACE. THE SECOND FLOOR WILL HAVE SOME WONDERFUL ADDITIONAL AMENITIES FOR OUR TEAM. WE WILL HAVE A CONFERENCE AREA, A HOSPITALITY, OPEN WORKSPACES, OFFICES, ADMINISTRATIVE AREAS. TO THE WEST. OFF OF THAT OPEN AREA OF CORRIDOR IS WHERE THE ROOFTOP DECK EXISTS, AND YOU CAN SEE THAT ON THE EXTERIOR DRAWINGS. WE ALSO HAVE AN ADDITIONAL CLASSROOM UP HERE IN THIS AREA TO BE ABLE TO SERVE OUR ADDITIONAL INDUSTRY AND LEARNING NEEDS. WE ARE EXCITED TO SHARE SOME OF THE IMPACT OF [00:55:02] THIS NEW PROPERTY. WE ARE ABLE TO INCREASE NOT ONLY OUR NUMBER OF CAFE CUSTOMERS, OUR NUMBER OF VOLUNTEER ACTIVITIES, AND SCHOOL FIELD TRIPS. I HAVE BEEN BLOWN AWAY AT THE NUMBER OF SPECIAL EDUCATION AND NEUROTYPICAL FIELD TRIPS THAT COME TO OUR OUR CAFE FOR LUNCH, AND MANY OF THEM DON'T EVEN NEED A RESERVATION. THEY'RE JUST ABLE TO COME AND ENGAGE WITH US AND HAVE THAT LEARNING EXPERIENCE. SO FOR US TO BE ABLE TO BRING ALL OF THESE THINGS INTO ONE SPACE TO WHERE YOU CAN EXPERIENCE OUR CAFE, EXPERIENCE OUR WONDERFUL TRAINING, AND TALK TO OUR LEADERSHIP TEAM REALLY DOES PROVIDE THAT GREAT COLLABORATION AND SYNERGY THAT WE SEEK. THE PROGRAM IMPACT. OF COURSE, WE WILL BE ABLE TO EXTEND AND INCREASE OUR EMPLOYMENT OPPORTUNITIES THROUGH THE INCREASED PRODUCTION AND OPERATION IN OUR CAFE, THROUGH HAVING A STATE OF THE ART CULINARY AND TRAINING KITCHEN, WE WILL BE ABLE TO INCREASE THE NUMBER OF TRAINEES AS WELL AS INCREASE THE NUMBER OF ADDITIONAL INDUSTRIES THAT WE ARE ABLE TO SERVE IN THIS SPACE. SO WE LOOK FORWARD TO INCREASING OUR NUMBER OF INDIVIDUALS THAT WE CAN SERVE IN THE SPACE ON AN ANNUAL BASIS. WE ALSO WANT TO TOUCH ON SOME OF THE ECONOMIC IMPACT A PERSON WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES WHO IS EMPLOYED 20 HOURS A WEEK, IS SAVING THE STATE $6,000 PER YEAR IN FUNDING. WHAT THIS ALSO DOES IS ALLOW ANOTHER OPPORTUNITY FOR AN INDIVIDUAL TO COME IN AND RECEIVE THOSE STATE SERVICES. FOR SOMETHING LIKE A DAY PROGRAM. WHAT WE ARE ABLE TO ALSO SHARE IS THAT THE WAITLIST TO GET ANY OF THOSE SERVICES AT ALL IN THE STATE OF TEXAS IS NOW MORE THAN 15 YEARS LONG. SO NOT ONLY ARE WE SOLVING A FINANCIAL PROBLEM, WE'RE SOLVING AN OPPORTUNITY PROBLEM. AND BOTH WITH OUR CAFE AS A DIRECT EMPLOYMENT INITIATIVE AND OUR TRAINING PROGRAM AS A PIPELINE TO TRAIN OTHER INDIVIDUALS AND SHARE THEIR RESOURCE AND TALENTS WITH OTHER EMPLOYERS, WE ARE SEEKING TO BE BOTH THE SOLUTION AND A PIPELINE FOR OTHERS TO CREATE THAT SOLUTION AS WELL. THERE IS POTENTIAL TO SAVE TAXPAYERS UP TO $600,000 PER YEAR FOR EVERY 100 INDIVIDUALS. I AM SO AT A TIME OUR EXPANSION IMPACT. WE ARE GROWING NATIONWIDE. OUR CAFE REVENUE WILL BE DOUBLING IN THIS NEW SPACE. WE HOPE TO BREAK GROUND THIS YEAR. FINISHED CONSTRUCTION BY THE END OF 2026. PROJECT BUDGET IS $10 MILLION. WE ARE ASKING FOR 9.7% FROM YOU WITH 970,000. WE HAVE 2.9 COMMITTED TO DATE. YOU ARE PART OF OUR PIPELINE AND PLAN TO SEEK ANOTHER $8 MILLION TO BE ABLE TO COMPLETE THE PROJECT. HAPPY TO ANSWER ANY QUESTIONS. CAN I JUST STOP YOU? CAN WE CAN WE JUST GIVE HER EXTRA TIME? I THIS IS A VERY LARGE REQUEST. I THINK YOU DESERVE THE OPPORTUNITY TO GO THROUGH IT, OKAY? AND WE DESERVE THE OPPORTUNITY TO HEAR IT WITHOUT BLAZING THROUGH THE LAST. SURE. REALLY KIND OF MEATY PART OF IT. SO LET'S BACK UP FIVE SLIDES AND WE'RE NOT WE'RE NOT THAT MEAN I PROMISE. OKAY. I WAS GOING TO GO REAL FAST. LIKE LIKE SHE CAN DO THIS IN 10S TREVOR. WE'RE NOT THAT MEAN. SO I JUST WANT YOU. SO YES, WE ARE SHARING OUR MISSION ACROSS THE COUNTRY. SO I DO WANT TO HIGHLIGHT THAT PEOPLE ARE SEEKING US FROM ACROSS THE COUNTRY. WE'VE HAD 94 INTERESTED PARTIES JUST LAST YEAR THAT ARE COMING TO US AND WANTING TO REPLICATE WHAT WE DO. THE CAFE REVENUE INCREASE WOULD BE SUBSTANTIAL IN THIS ADDITIONAL SPACE. FOCUSING ON THE BUDGET. IS THAT WHERE YOU WOULD LIKE TO START? DAVID. YEAH. OKAY. SO MY APOLOGIES NOT INTENDING TO SKIP OVER THIS. JUST BE TIME CONSCIOUS. SO THE PROJECT BUDGET ITSELF, WE DO HAVE THE SITE ALLOCATION AT $1.1 MILLION, CORN SHELL, JUST UNDER 4 MILLION WITH TENANT IMPROVEMENTS, JUST UNDER 3 MILLION WITH THE ADDITION OF THE KITCHEN EQUIPMENT, FURNITURE, FIXTURES AND EQUIPMENT, AND SOME OF THE NECESSARY FEES TO COMPLETE THE SPACE, WE ESTIMATE THE TOTAL CONSTRUCTION BUDGET AT JUST OVER $10 MILLION. AS I MENTIONED, CURRENT FUNDING FOR THE SPACE IS 2.7 MILLION. I AM PROUD TO SHARE THAT OUR BOARD AND STAFF HAVE CONTRIBUTED $220,000 TO DATE. SOME OF THESE GIFTS REPRESENT INDIVIDUALS THAT ARE WORKING AT OUR CAFE, AS WELL AS SOME OF OUR BOARD MEMBERS AND OTHER CONTRIBUTORS THAT ARE SUPPORTING THE PROJECT. SO I AM PROUD TO SAY WE HAVE 100% PARTICIPATION BY OUR LEADERSHIP AND STAFF AT ALL LEVELS. WE DO HAVE STRATEGIC ASKS TO COMPLETE THE REST OF THE FUNDING FOR THE PROJECT. WITH GRANT CYCLES AND THINGS LIKE THAT. WE ARE MAKING SOME OF THOSE APPLICATIONS NOW. YOU MIGHT BE AWARE OF SOME OF THE PARTNERS IN OTHER COMMUNITY SPACES, SUCH AS THE MABEE FOUNDATION OR THE MOODY FOUNDATION, THAT HAVE BEEN SIGNIFICANT FUNDERS TO CAPITAL PROJECTS, AND WE ARE SEEKING SIMILAR STRATEGIC S PLANS TO SEK THOSE FUNDS AS WELL. OUR ASK TO MCDC, AS WE SHARED, IS $970,000. THIS DOES REPRESENT 9.7% OF THE PROJECT AND WOULD BE REPRESENTATIVE IN THAT $1.1 MILLION OF SITE WORK, AS WE HAVE SEEN POTENTIALLY DEFINED IN YOUR HORIZONTAL INFRASTRUCTURE ALLOTMENT. I WOULD SEEK COUNSEL FROM CINDY AND THE LEGAL TEAM AS TO OUR $970,000 MEETING THOSE LEGAL QUALIFICATIONS. WE DO WANT TO HIGHLIGHT THAT THIS IS A CATALYST PROJECT FOR OUR ORGANIZATION. WE ARE REALLY [01:00:03] SEEKING TO CENTRALIZE AND EXPAND OUR IMPACT. I CAN'T TELL YOU HOW MANY TIMES I'VE HAD PEOPLE COME TO THE CAFE AND WANT TO SEE OUR TRAINING PROGRAM, AND WE'VE GOT TO GET IN THE CAR AND GO UP THE STREET, AND IT'S A LOCAL CHURCH WHERE WE ARE PAYING RENT, AND WE WANT TO BE ABLE TO REALLY BE SUSTAINABLE AND EFFICIENT WITH OUR DONOR DOLLARS. WE WANT TO BE ABLE TO INSPIRE OTHER PROJECTS. AS I SHARE PEOPLE WHO ARE COMING TO US, AND WE WANT TO BE ABLE TO SHOWCASE THE BEST OF OUR SERVICES AND MODEL SO THAT THEY CAN THEN REPLICATE THAT WHERE THEY ARE. WE ARE A PIONEER IN WHAT WE DO. WE HAVE BEEN FORTUNATE TO BE FEATURED ON PLACES LIKE THE KELLY CLARKSON SHOW, AND THAT REALLY HAS MADE US THE NATIONAL MODEL AND STANDARD FOR INCLUSIVE HIRING, PARTICULARLY IN THE CULINARY AND HOSPITALITY SPACE. SO WE LOOK FORWARD TO THE INCREASED ATTRACTION FOR FUTURE SUPPORTERS AND THE OPPORTUNITY TO REPLICATE OUR MODEL. WE'VE HAD SOME WONDERFUL IMPACT. I WANT TO LEAVE TIME HERE, BUT I JUST WANT TO SHARE THAT, YOU KNOW, YOU HAVE THE TEAM MEMBERS THAT ARE HERE TODAY, THE FACES THAT ARE HERE. WHAT WE DO CHANGES LIVES. WHETHER YOU ARE AN INDIVIDUAL BEING SERVED BY US WITH AN INTELLECTUAL OR DEVELOPMENTAL DISABILITY, A VOLUNTEER, OUR FOUNDER, OUR ACCOUNTING MANAGER, THE EXECUTIVE DIRECTOR, EACH ONE OF US HAS BEEN SHAPED BY THE WORK THAT WE DO AND BY THE FACT THAT YOU CAN WALK INTO A RESTAURANT AND HAVE A TURKEY SANDWICH AND IT CAN MAYBE CHANGE YOUR LIFE. SO I'M JUST GRATEFUL FOR YOU GUYS TO BE THINKING OF ALL OF THE WAYS WE'RE HUGS. YES, WE ARE A MISSION TO PROVIDE TRAINING AND EMPLOYMENT, BUT WE ARE SO MUCH MORE THAN THAT. I WANT TO MAKE SURE THAT YOU GUYS KNOW HOW MUCH WE APPRECIATE ALL OF YOU FOR BELIEVING IN US. I DON'T WANT TO CRY AGAIN, BUT MCKINNEY IS OUR HOME. AND WHEN RUTH HAD A DREAM AND ALL SHE HAD WAS $8,000 AND KIM SANCHEZ TO HELP HER GET STARTED, YOU GUYS SAID YES. AND HERE WE ARE AS A NATIONAL MODEL, AND PEOPLE ARE COMING TO US FROM ALL OVER THE COUNTRY AND ALL OVER THE WORLD. SO THANK YOU FOR BELIEVING IN US WHEN THE WORLD DIDN'T EVEN UNDERSTAND US. SO WE JUST SAY THANK YOU. AND THAT'S MY PRESENTATION. BUT I'M HAPPY TO STAND FOR ANY QUESTIONS. I DO HAVE A COUPLE OF QUESTIONS. THANK YOU FOR THE PRESENTATION. YES, MA'AM. OF COURSE, YOU'RE MY CLASSMATES. I KNOW BEST CLASS. I JUST WANT TO I DO HAVE A QUESTION WITH SOME OF THE DOLLARS. ANY OF YOUR PUBLIC SPACES, EVEN THOUGH THAT MAY NOT BE ANYTHING, WHERE MAYBE ARE THEY GOING TO BE OPEN TO THE PUBLIC? WOULD THEY BE FOR RENTAL OR SOME TYPE OF, YOU KNOW, YOUR CONFERENCE CENTERS OR YOUR TRAINING, OR WILL THOSE BE ACCESSIBLE? SO OUR CAFES OH, SORRY. CAN YOU BRING THAT SLIDE UP WITH THE FLOOR PLAN PLEASE. THANK YOU. SO I YOU KNOW, I SEE SOME TRAINING OFFICE AND CLASSROOMS. JUST WANT TO KNOW LIKE, YOU KNOW, IF PEOPLE RESERVE IT, EVEN IF IT'S AT A FEE THAT IS ACCESSIBLE TO THE COMMUNITY. SURE. SO OUR CAFE SPACE, WE WOULD ABSOLUTELY WELCOME EVENING EVENTS, OUR ROOFTOP DECK AREA. WE WOULD ALSO WELCOME FOR PUBLIC OPPORTUNITIES. AND WE WOULD CERTAINLY EXPLORE CLASSROOMS AS BEING A SUPPLEMENTAL OFFERING TO THAT. WE DO WANT TO MAKE SURE OUR CLASSES MAIN FUNCTION IS TO BE TRAINING AND EMPLOYMENT, BUT SUPPLEMENTAL INCOME AND SUPPLEMENTAL AWARENESS. WE EVEN SEE LEADERSHIP CONFERENCES FOR THE DISABILITY SPACE BEING HELD. SO YES, BEING ABLE TO FULLY MAXIMIZE THOSE RESOURCES IS ABSOLUTELY IN OUR PLAN. QUESTIONS FROM THE BOARD I HAVE A RELATED QUESTION. THANK YOU SO MUCH FOR THE PRESENTATION. A FEW YEARS AGO, A NUMBER OF US IN THE RESTAURANT COMMUNITY HAD GONE TO MCKINNEY ISD AND ASKED ABOUT ITS CULINARY PROGRAM AND PARTNERSHIP WITH COLLIN COLLEGE. AND ONE OF THE MAIN HOLDUPS, MCKINNEY ISD SAID, WAS THAT THEY DIDN'T HAVE TRAINING SPACE FOR THE KIDS TO TAKE THE COURSES HERE, AND THEY HAD TO GO OUTSIDE OF MCKINNEY. AND WE ASKED ABOUT THE FACILITY WHERE THE FOOTBALL STADIUM IS, IF THAT COULD BE USED, AND EVERYTHING JUST SORT OF FELL OUT. AND I WAS CURIOUS IF YOU HAD CONSIDERED ANY KIND OF PARTNERSHIP WITH MCKINNEY ISD. YOU TALKED ABOUT SUPPLEMENTAL INCOME, WHERE MAYBE THEY COULD BE A FULL PARTNER FOR USE OF THE KITCHEN WHEN YOU'RE NOT USING IT AS A TRAINING SITE FOR STUDENTS, AND ANOTHER COLLABORATION WITH COLLIN COLLEGE. I JUST PUT THAT OUT FOR YOUR CONSIDERATION, BECAUSE I THINK IT COULD BE A PRETTY SIGNIFICANT REVENUE SOURCE, A BOON TO THE RESTAURANT AND HOSPITALITY SECTOR IN OUR CITY. AND JUST ANOTHER WAY TO SHOWCASE, YOU KNOW, THE HUB STUDENTS AS AS A PARTNER AND OR THE HUBS PROGRAM AS A PARTNER, CROSS COLLABORATIVE, YOU KNOW, COLLABORATIVELY ACROSS A NUMBER OF INSTITUTIONS. ABSOLUTELY. WE WANT TO ENGAGE OUR SPACE WITH AS MANY PIPELINES, AS MANY RESOURCES AS POSSIBLE. SO TO YOUR POINT, I THINK IT WOULD BE GREAT TO LOOK AT OUR SCHEDULE AND SEE HOW SOME OF THE ISD'S AND OTHER COMMUNITY PARTNERS COULD HAVE ACCESS TO THE SPACE, OR JUST HELP SHARE IN OUR WORK TOGETHER. ABSOLUTELY. GREAT IDEA! LOVE ALL YOUR IDEAS FOR EXTRA REVENUE. WE'LL HAVE TO SAY THAT RUTH IS PART OF THE BEST CLASS EVER IN 2018. SO ANY ADDITIONAL? SO, LAUREN. YOU'RE ABOUT 30% INTO YOUR FUNDRAISING OBJECTIVE, AND WE REPRESENT ANOTHER APPROXIMATELY 10% OF THAT. SO THAT STILL LEAVES ABOUT 60% TO GO. WHAT'S THE TIMELINE FOR ACHIEVING YOUR FUNDRAISING GOAL? WHEN DO YOU WANT TO HAVE THE MONEY COMMITTED? SURE. SO WE [01:05:01] HAVE STRATEGIC ASSETS RIGHT NOW THAT WE WILL RECEIVE ANSWERS ON BY THE END OF JULY. SOME OF THAT HAS TO DO WITH GRANT CYCLES. AND ABOUT THAT EXPOSURE, THERE IS ABOUT $5 MILLION. WE'RE MAKING INDIVIDUAL REQUESTS OUT NOW. WE WOULD LIKE TO HAVE ALL OF THOSE PLEDGES IN FOR THE FULL 10 MILLION BEFORE THE END OF 2025. WE ALSO HAVE CONSTRUCTION LOAN OPPORTUNITIES FOR US TO COVER THAT GAP, SO THAT WE'RE ABLE TO FULLY FUND THE PROJECT AND BE EFFICIENT IN OUR TIMELINE. OKAY. AND I ASSUME CONFIDENCE IS FAIRLY HIGH ON A ON ACHIEVING THE TOTAL FUNDRAISING GOAL. IS THERE A IS THERE A SMALLER PROJECT IF THE IF THE GOAL ISN'T MET, OR IS THAT JUST NOT A CONSIDERATION AT THIS POINT? I'M NOT LOBBYING FOR IT. I'M JUST ASKING. I MEAN, RUTH, YOU WANT TO ANSWER THAT? THE ANSWER IS THIS IS THE PROJECT OKAY. YES. ALL RIGHT. AND CONFIDENCE IS QUITE HIGH ON THE. YES OKAY. ALL RIGHT. YES. WITH THE ENTIRE BOARD. YES. THANK YOU. YOU HAVE A BRIDGE LOAN THAT YOU'VE SECURED A CONSTRUCTION BRIDGE LOAN. CORRECT. IT'S THROUGH PRIVATE FUNDS. BUT YES, WE HAVE IDENTIFIED A SOURCE FOR THAT. RIGHT. AND SO THE PROJECT GOING TO CONSTRUCTION, IT'S FUNDED. YOU WILL YOU WILL BREAK GROUND, YOU WILL MOVE FORWARD. THE QUESTION IS REALLY JUST HOW QUICKLY WILL YOU PAY BACK THAT PRIVATE CONSTRUCTION LOAN? TO A CERTAIN EXTENT, YES. I DON'T WANT TO MAKE AN APPEARANCE THAT THAT LOAN IS SOMETHING THAT COULD CONVERT INTO A DONATION, OR THAT THERE AREN'T DETAILED DOCUMENTS AND CONTRACTS THAT WE'RE WORKING THROUGH FOR THOSE FUNDS. BUT EVEN WITH THOSE FUNDS SECURED, WE STILL NEED THIS SUPPORT FOR US TO BE ABLE TO MEET THE $8 MILLION CONSTRUCTION AND SECURE THAT FUNDING TIMELINE. SO SOME OF THESE ADDITIONAL PARTNERS ARE REALLY THERE TO HELP PAY BACK THAT LOAN. SO I DON'T WANT TO MISREPRESENT THAT WE HAVE ALL THE MONEY AND WE CAN JUST GO BUILD THIS PROJECT. WE ABSOLUTELY STILL NEED THE STRATEGIC INVESTMENT FROM FOLKS LIKE YOURSELF, AND WE STILL NEED TO IRON OUT THE DETAILS WITH THAT PRIVATE FUNDER. OKAY. AND ON THAT TOPIC, I WOULD ASSUME THAT ANY KIND OF DEBT LIKE THAT WOULD JUST BE CRUSHING TO THE OPERATION. YOU COULDN'T SUPPORT AN ONGOING DEBT OF 8 MILLION. SO THAT'S JUST YOU HAVE TO HAVE THE DONATIONS BECAUSE YOU CAN'T WRITE. MOST OF OUR GIFTS ARE IN MULTIYEAR PLEDGES. SO THIS CONSTRUCTION GAP LOAN ALLOWS US TO HAVE DONORS PAY IN FIVE YEAR INCREMENTS AND GIVE US A LARGER SUM THAN IF THEY WERE TO PAY IN 2 OR 3 YEARS, AND WE WOULD LIMIT THEIR POTENTIAL. SO OKAY. UNDERSTOOD. ANY ADDITIONAL LAUREN, WILL YOU STILL HAVE THE CAFE IN ITS CURRENT LOCATION? NO. SO THIS WAS A CHALLENGE FOR US, BUT WE SAW AN OPPORTUNITY TO BRING ALL OF OUR PROGRAMS INTO ONE SPACE AS REALLY OPTIMIZE OUR LAYOUT. SO WE'RE TALKING ABOUT A BAKERY AREA, A SANDWICH AREA. RIGHT NOW WE HAVE MORE OF A GALLEY STYLE KITCHEN IN HISTORIC DOWNTOWN. SO WE REALLY WANT TO OPTIMIZE TO BE ABLE TO SERVE MORE INDIVIDUALS, POSSIBLY EVEN INDIVIDUALS WITH WHEELCHAIR NEEDS. ANY ADDITIONAL BOARD COMMENTS? QUESTIONS? I JUST WANT TO SAY KUDOS TO HUGS AND EVERYTHING THAT THEY'VE BEEN ABLE TO ACCOMPLISH OVER THE LAST SEVERAL YEARS. RUTH AND I WERE AT CHURCH MANY, MANY YEARS AGO TALKING ABOUT THE POTENTIAL OF THIS PROJECT HAPPENING AT ALL. AND THROUGH KIM AND THROUGH ALL OF ALL OF YOU GUYS PUTTING THIS TOGETHER, JUST THAT YOU GUYS ARE GOING ON TO THIS NEXT STEP IS TRULY AMAZING AND THAT IT'S ALL BEEN DONE HERE IN MCKINNEY. SO KUDOS TO YOU GUYS. YEAH. I HAVE A COMMENT AS WELL. AND KUDOS TO THE TO THE STAFF FOR SHOWING UP AND FOR ALL OF THE WORK THAT YOU DO AND THE HOURS THAT YOU PUT IN. AND YOUR FOOD IS AMAZING. I LOVE THE COOKIES. OKAY. THANK YOU AGAIN. THIS IS A PUBLIC HEARING. IS THERE ANYONE HERE TO SPEAK TO THIS PUBLIC HEARING ITEM? THANK YOU. MY APOLOGIES FOR GOING OVER. CAN I GET A MOTION TO CLOSE THIS PUBLIC HEARING? I'LL MOVE TO CLOSE THE HEARING. MOVED BY, MOVED BY JOY. CAN I SECOND BY DEBORAH? BY SHOW OF HANDS. MOTION PASSES. PUBLIC HEARING CLOSED ITEM 25 DASH [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by the Collin County History Museum (4B 25-02) in the Amount of Thirty-One Thousand Four Hundred Seventy-Five and N0/100 Dollars ($31,475.00) for the Purchase of Equipment and Materials to be Used for Collecting and Preserving Historic Artifacts for Exhibits, Shelving and Cases for Storage of Artifacts, Museum Exhibits, and Mobile Workstations. Amount Represents 100% of Total Project Cost.] 2373. CONDUCT A PUBLIC HEARING. CONSIDER THE DISCUSSED ACT ON A PROJECT GRANT APPLICATION APPLICATION SUBMITTED BY THE COLLIN COUNTY HISTORY MUSEUM FOR B 2502, IN THE AMOUNT OF $31,475 FOR THE PURCHASE OF EQUIPMENT AND MATERIALS TO BE USED FOR COLLECTING AND PRESERVING HISTORIC ARTIFACTS FOR THE EXHIBIT, SHELVING AND CASES FOR THE STORAGE OF ARTIFACTS, MUSEUM EXHIBITS AND MOBILE WORKSTATIONS. AMOUNT REPRESENTS 100% OF THE TOTAL PROJECT COST IN RACHEL RACHEL. MORGAN. HI. HI. WILL BE PRESENTING MADAM CHAIRMAN AND MADAM PRESIDENT. SORRY, I'M NEW AND I'M REALLY NERVOUS. TAKE YOUR TIME. TAKE YOUR TIME. I'M HERE ON BEHALF OF THE COLLIN COUNTY HISTORY MUSEUM. I AM THE NEW DIRECTOR, VERY NEW. AND I'M ALSO [01:10:07] ACCOMPANIED TODAY BY ONE OF OUR LONG STANDING BOARD MEMBERS WHO'S BEEN SO SUPPORTIVE. AS I TRANSITION, I WANT TO START OUT WITH OUR MISSION STATEMENT. I'M SURE I GOT THIS RIGHT AT THE COLLIN COUNTY HISTORY. I'M GOING TO STOP YOU JUST REAL FAST. WHO'S YOUR LONG STANDING BOARD MEMBER, BUDDY? SHE'S RIGHT BACK THERE. DO YOU WANT HER TO COME UP HERE? READY? READY. HI, BETTY. I KNEW THE ANSWER TO THE QUESTION. WE ALL JUST WANTED TO SAY HEY TO BETTY. WE WILL ALLOW YOU TO RECLAIM YOUR TIME FOR THE. ALL RIGHT AT THE COLLIN COUNTY HISTORY MUSEUM, WE STRIVE TO NOT ONLY PRESERVE, BUT TO UTILIZE OUR EFFORTS AT PRESERVATION TO BRIDGE GENERATIONS BY HONORING OUR PAST THROUGH MULTIFACETED MEANS. ALL RIGHT. SO GOALS IN CONNECTION WITH THIS GRANT REQUEST, FIRST, TO PRESERVE AND PROTECT OUR CULTURAL HISTORY FOR FUTURE GENERATIONS. SECOND, TO PROMOTE RESOURCES AND EDUCATIONAL PROGRAMS THAT NOT ONLY HIGHLIGHT THAT HISTORY OF COLLIN COUNTY, BUT THE LARGER AREA OF TEXAS AND EVEN GREATER CONNECTIONS TO OUR NATION'S HISTORY. LASTLY, IMPORTANTLY, TO IMPROVE INTELLECTUAL AND PHYSICAL ACCESS TO THE INFORMATION THAT IS LOCATED IN OUR MUSEUM COLLECTIONS. ALL RIGHT, SO ARTIFACT PRESERVATION IS A TALL TASK. SO WITH THE HELP OF THIS GRANT, WE CAN MOVE FORWARD WITH OUR PRESERVATION AND PROTECTION EFFORTS. SO IN THE LEFT TWO PHOTOS ARE LARGE WHITE ARCHIVAL CASES THAT HOUSE PHYSICAL ARTIFACTS FROM A RANGE OF TIME PERIODS. WE DESPERATELY NEED MORE OF THESE TO FIND A SAFE AND PERMANENT LOCATION FOR POTENTIALLY HUNDREDS OF ARTIFACTS THAT WE STILL HAVE THAT WE'RE WORKING ON. AND THE FAR RIGHT PHOTO IS WHITE OR SORRY, PAPER ARCHIVAL BOXES THAT HOUSE PAPER ARTIFACTS, LETTERS, MAPS, THINGS LIKE THAT. THOSE NEED TO BE UPDATED. WE NEED FILM FOR WINDOWS AND SECURED SHELVING THAT CAN HOUSE THOSE SAFELY. ALL RIGHT. SO IN OUR CONTINUED EFFORTS TO PRESERVE ARTIFACTS IN A PROFESSIONAL AND MOST IMPORTANTLY ETHICAL MANNER, WE CAN TURN AROUND AND USE THOSE TO EDUCATE. SO WITH THE HELP OF THIS GRANT, WE CAN, YOU KNOW, ENGAGE WITH DIVERSE COMMUNITIES AND USE THOSE ARTIFACTS TO CREATE MORE RESOURCES FOR OUR EXISTING EXHIBITS. ALL RIGHT. SO THE BUILDING IN AND OF ITSELF IS AN ARTIFACT, WHICH IS AWESOME. I KNOW MOST OF YOU PROBABLY KNOW THAT, BUT IT IS THE OLD POST OFFICE. SO RECENTLY WE FOUND THAT IN THE TOP PHOTO, AND WE WOULD LIKE TO FEATURE THAT AS PART OF THE TOUR. IT IS IN THE BASEMENT, BUT WE WOULD WANT GUESTS TO COME AND LOOK AROUND AT THE BUILDING. BEAUTIFUL BUILDING. BUT WE HAVE TO CREATE THAT CONTEXT, THAT HISTORICALL CONTEXT ON WHY THEY SHOULD VISIT US. RIGHT? ALL RIGHT. SO WHAT IS THE OVERALL PROJECT AND WHY DO WE NEED FUNDING? WE NEED FUNDING TO IMPROVE THE OVERALL MUSEUM EXPERIENCE THROUGH PRESERVATION. SO IMPORTANT EDUCATION RESOURCES AND MAKING OUR EXHIBITS MORE ACCESSIBLE TO THE PUBLIC. BECAUSE MUSEUMS ARE MULTIFUNCTIONAL, THEY ARE. THAT'S THE DIRECTION MUSEUMS ARE MOVING IN. AND WE WANT TO MOVE IN THAT DIRECTION TO. THAT'S MY DAUGHTER UP THERE. ALL RIGHT. SO TOGETHER WE CAN GET THIS DONE AND IMPROVE THE MUSEUM'S MULTIFUNCTIONALITY. THAT'S IT. I'M DONE EARLY. OH, WELL, LOOK AT YOU. ALL RIGHT. LOOK AT THERE. I THANK YOU SO MUCH FOR JOINING. DO NOT BE NERVOUS. SO A QUESTION I KNOW THIS. THE REQUEST IS 100% OF THE TOTAL PROJECT COST. ARE YOU REQUESTING DONATIONS OR WHAT OTHER MEANS? IF YOU'RE NOT ABLE TO GET 100% OF THE FUNDING FROM MCDC, WHAT? DOES THE PROJECT NOT HAPPEN? ARE YOU SEEKING OTHER, YOU KNOW, PRIVATE DONORS OR ANYTHING LIKE THAT? YEAH. SO WE RUN MAINLY OFF PRIVATE DONATIONS TO AND MY OUR STRATEGIC GOAL MOVING FORWARD IS TO INCREASE MEMBERSHIP AS PART OF IT. AND, YOU KNOW, ENGAGE IN THE COMMUNITY THROUGH OUR MEMBERSHIPS. WE WANT THE COMMUNITY TO ENGAGE WITH US, TO SEE THEMSELVES IN THE MUSEUM. AND, YOU KNOW, WE HAVE THERE'S DIVERSE COMMUNITIES AROUND. SO WE REALLY WANT TO IMPROVE OUR EXHIBITS SO THAT THEY CAN SEE THEMSELVES IN THE MUSEUM. AND [01:15:04] BECAUSE IT IS COLLIN COUNTY, WHAT OTHER CITIES HAVE YOU REACHED OUT TO BE A PART OF THIS, YOU KNOW, ENDEAVOR? JUST CURIOUS. NO, I'M GLAD YOU ASKED BECAUSE WE'RE HAVING A ESSAY CONTEST AND WE'VE PARTNERED WITH ANNA HIGH SCHOOL AND THE HISTORY DEPARTMENT WROTE THIS BEAUTIFUL PROMPT. AND SO WE'RE GOING TO GET MOVING WITH THAT AND MOVE ALONG AND TRY AND PULL IN THOSE OTHER CITIES THAT ARE OUTSIDE OF MCKINNEY THAT ARE STILL PART OF THAT MUSEUM AND SHOULD BE SHOULD BE REPRESENTED THERE. BUT BUT I'M TALKING ABOUT FROM A FUNDING PERSPECTIVE. HAVE YOU REACHED OUT TO OTHER CITIES LIKE ANNA, YOU KNOW, AND SAY, HEY, WE HAVE A REQUEST FOR 31,000. CAN YOU DONATE FIVE, TEN? YOU KNOW, JUST ASKING BECAUSE IT IS COLLIN COUNTY. AND SO TO ME, I WOULD THINK THAT EVERY CITY IN THE IN THE COUNTY SHOULD BE WANTING TO, ESPECIALLY IF YOU'RE GOING TO BE INCLUSIVE OF HIGHLIGHTING COLLIN COUNTY. SO HAS HAS THAT BEEN CONSIDERED TO HAVE REQUEST IN SOME MEANS TO OTHER CITIES IN COLLIN COUNTY? NOT YET, BUT I. I WILL CONSIDER THAT OKAY. YEAH. ANY ADDITIONS? JUST JUST GOING BACK I MEAN I DON'T THINK YOU QUITE UNDERSTOOD. SO YOUR REQUEST IS FOR $31,475. YES. SO IF THE BOARD DOESN'T GIVE YOU ALL THAT MONEY, WE GIVE YOU HALF OR 25%. DO YOU HAVE MEANS TO FULFILL THE OTHER MONEY THAT YOU WOULD POSSIBLY NOT RECEIVE FROM US TO STILL MAKE THE PROJECT HAPPEN? YEAH, WE'RE GOING TO KEEP WORKING AT PRESERVATION AND PROTECTION. WE HAVE I MEAN, THE DIRECTORS BEFORE HAVE WORKED REALLY HARD ON ORGANIZING, AND NOW IT'S TIME TO MOVE UP TO INDUSTRY STANDARDS AT, AT AT PRESERVING THOSE ARTIFACTS. THERE IS A CERTAIN STANDARD THAT IS SET OUT THAT WE NEED TO ALSO FOLLOW, AND THIS GRANT CAN REALLY HELP US MOVE ALONG WITH THAT. OKAY. YEAH. I WAS JUST GOING TO ECHO YOUR COMMENTS. I THINK IT WOULD BE REALLY IMPORTANT TO DEMONSTRATE OUTREACH TO THE OTHER CITIES IN THE COUNTY. AND PARTICULARLY I KNOW YOU MENTIONED DONORS, PRIVATE INDIVIDUAL DONORS, BUT, YOU KNOW, TO SEEK GRANTS FOR THIS, I HAVE TO IMAGINE THERE ARE PRESERVATION GRANTS, MAYBE EVEN AVAILABLE AT THE FEDERAL LEVEL FOR LOCALITIES TO USE FOR THIS KIND OF PRESERVATION. I MEAN, IT SEEMS LIKE A VERY NECESSARY UNDERTAKING, LIKE YOU SAID, TO MEET SOME STANDARDS HERE, BUT 100% OF THE COST BORNE SOLELY BY MCDC WHEN THIS IS A COLLIN COUNTY MUSEUM, I THINK IS JUST SOMEWHAT CONCERNING. YEAH I UNDERSTAND. ANY ADDITIONAL QUESTIONS FROM THE BOARD? THIS IS A PUBLIC HEARING. IS THERE ANYONE HERE TO SPEAK TO THIS PUBLIC AGENDA ITEM? THANK YOU FOR YOUR PRESENCE. YOU DID WONDERFUL. THANK YOU. THANK YOU SO MUCH. WELCOME. WELCOME TO BEING THE NEW ED. THAT'S CONGRATULATIONS. THAT'S WONDERFUL. CAN I GET A MOTION TO CLOSE THIS PUBLIC HEARING? I'LL MAKE A MOTION TO CLOSE THE PUBLIC HEARING. SECOND SAID MOTION MOVED BY DAVID. DAVID. SECOND BY CHRIS. A SHOW OF HANDS. THE. MOTION PASSES. [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by McKinney Parks Foundation (4B 25-03) in the Amount of Twenty Thousand and NO/100 Dollars ($20,000.00) to Fund Purchase of a Polaris Sportsman ATV and a Bosski 1600 UT Trailer Accessory to Facilitate Trail Improvement Projects. Amount Requested Represents 100% of Total Project Cost.] PUBLIC HEARING IS CLOSED. ITEM 25 DASH 2374. CONDUCT A PUBLIC HEARING AND CONSIDER, DISCUSS, ACT AND A PROJECT GRANT APPLICATION SUBMITTED BY THE MCKINNEY PARKS FOUNDATION FOR B 2503. IN THE AMOUNT OF $20,000 TO PURCHASE. THANK YOU. TO PURCHASE TO FUND PURCHASE OF A POLARIS SPORTSMAN ATV AND A BOAT SKI 1600 UTE TRAILER ACCESSORY TO FACILITATE TRAIL IMPROVEMENT PROJECTS. AMONG THE AMOUNT REQUESTED REPRESENTS 100% OF THE TOTAL PROJECT, AND GREG SMITH AND RICK MARINO WILL BE PRESENTING. THANK YOU. YES, ACTUALLY, I'M GOING TO HAVE SHAWN. OH, SHAWN. I'M SORRY. SHAWN. ALSO PRESENT. OKAY. YOU ALL MAY KNOW HIM. JUST A QUICK. OOPS. WHERE'S MY SLIDES? CAN I GO FORWARD? THESE ARE OUR BOARD. WE'VE BEEN HERE FOR NOW SEVEN YEARS. AND WE'RE VERY, VERY APPRECIATIVE OF THE SUPPORT WE'VE GOTTEN FROM MCDC. JUST A COUPLE OF LITTLE THINGS OVER THE SEVEN YEARS. WE HAVE NOW REACHED 8000 VOLUNTEER HOURS. THIS LAST YEAR WAS A WAS A REALLY PRODUCTIVE FOR US. WE PLANTED A THOUSAND TREES, DEVELOPED TWO MILES OF NEW TRAILS, SEVERAL ACRES OF WILDFLOWERS, AND BROUGHT IN OVER $200,000 IN OTHER GRANTS BESIDES THE MCDC GRANTS. AND OUR BIG PROJECT FOR THIS YEAR ALSO IS GOING TO BE THE EAST MCKINNEY LEARNING GARDEN, WHICH YOU GUYS HAVE BEEN VERY, VERY SUPPORTIVE OF IN TERMS OF EQUIPMENT. WE DO NOW. WE'RE TRYING TO DO TWO WORKDAYS A MONTH, AND WE ARE CONSISTENTLY [01:20:04] GETTING 30 TO 50 VOLUNTEERS AT OUR WORKDAYS. SO WE NEED TO BE ABLE TO MOVE PEOPLE AROUND AND HAVE MORE EQUIPMENT. IN PARTICULAR, WE'VE NOTICED THAT IN OUR IN WORKING AT IRWIN PARK, THERE ARE A LOT OF CHALLENGES BECAUSE IT IS SO LARGE AND TAKES UP SUCH AN AMOUNT OF AREA, AND THE TRAILS ARE NOT THINGS THAT OUR EQUIPMENT CAN GET TO ARE. MOWERS OR GATOR OR WHATNOT. THOSE TRAILS ARE TOO STEEP AND TOO DIFFICULT FOR US. SO SHAWN IS GOING TO PRESENT MORE OF THE REASONS WHY AN ATV CAN BE VERY WELL, WILL REALLY HELP US IN BEING ABLE TO DO MORE WORK OUT AT IRWIN PARK AS WELL. SHAWN, LET'S SEE WHERE WE GOT. YEAH, THERE'S ALL THIS KIND OF STUFF. THESE ARE OUR TREES. THERE WE GO. SO FIRSTLY, I'M SHAWN AND I'M THE TRAIL STEWARD FOR IRWIN PARK SPECIFICALLY. AND A LOT OF WHAT I DO WITHOUT GOING TOO IN DEPTH ON ON MY WORK SPECIFICALLY AT ORAN PARK. A LOT OF WHAT I DO, I ACTUALLY RELY HEAVILY ON THE MCKINNEY PARKS FOUNDATION. THEY'VE BEEN EXTREMELY SUPPORTIVE IN MULTIPLE WORK DAYS THAT WE DO THROUGHOUT THE YEAR. WE ACTUALLY DO A DEDICATED WORK DAY FOR THE PUBLIC ONCE A MONTH AT IRWIN PARK, IN ADDITION TO OTHER OPERATIONS THAT WE DO WITH THE DORBA FOUNDATION ON OTHER TIMES THROUGHOUT THE MONTH. SO MCKINNEY PARKS FOUNDATION IS CONTINUING TO SUPPORT IRWIN PARK MORE AND MORE, AND IRWIN PARK AS A PARK SPACE HERE IN MCKINNEY IS ATTRACTING MORE AND MORE VISITORS EVERY YEAR. THAT'S SOMETHING THAT IF YOU HAVE HAD THE CHANCE TO GO THERE ON A WEEKEND, ESPECIALLY ON A WARM SPRING OR SUMMER DAY, THERE'S NOWHERE TO PARK. AND THAT'S SOME OF THE IMPROVEMENTS THAT ARE COMING AT THE PARK RIGHT NOW. BUT IT IS THAT BUSY. IT IS GOT A MASSIVE AMOUNT OF VISITATION FROM ALL DIFFERENT CITIES AROUND MCKINNEY, NOT JUST FROM MCKINNEY. MY BACKGROUND PERSONALLY COMES A LOT FROM THE MOUNTAIN BIKING BACKGROUND AND FROM THE RUNNING COMMUNITY. SO A LOT OF THOSE PEOPLE FROM THOSE TWO COMMUNITIES ACTUALLY USE SINGLE TRACK TRAILS LIKE WE FIND AT IRWIN PARK. AND WHAT I CAN TESTIFY WITH MY INVOLVEMENT AT THE PARK IS THAT WE HAVE TWO THINGS I WOULD SAY IN PARTICULAR IS THAT ONE IN THE IN THE DORBA SPACE, WHICH IS THE DALLAS OFF ROAD MOUNTAIN BIKING ASSOCIATION, THEY HAVE OVER 50 TRAILS IN THE DFW AREA. WE ARE THE NUMBER ONE TRAIL FOR VISITATION IN THE DOOR TO TRAIL SYSTEMS AT IRWIN PARK IN MCKINNEY. THAT MEANS THAT PEOPLE ARE COMING FROM ALL OVER THE DFW AREA TO IRWIN PARK THAT ARE INTERESTED IN THE MOUNTAIN BIKING SCENE. TO COMPLEMENT THAT, THE RUNNING COMMUNITY ALSO HAS A BIG INTEREST IN THE TRAILS AT IRWIN PARK BECAUSE WE NOW HAVE TEN MILES OF TRAIL AT IRWIN PARK. THAT INCLUDES THE ADDITIONAL TWO MILES THAT WE ADDED WITH THE MCKINNEY PARKS FOUNDATION RECENTLY IN THE LAST COUPLE OF YEARS. SO WE ARE SEEING VISITATION FROM THE RUNNING COMMUNITY, FROM THE MOUNTAIN BIKING COMMUNITY, AND I'LL EVEN COMPLIMENT THAT TO SAY THAT I WORK PERSONALLY WITH A LOT OF THE BOY SCOUT GROUPS FOR EAGLE SCOUT PROJECTS. SO I'VE GOT SOMEWHERE IN THE RANGE OF UPWARDS OF 20 PROJECTS I'VE WORKED WITH IN THE LAST THREE YEARS AT THE PARK, AND THESE ARE BOY SCOUT GROUPS THAT ARE COMING IN THE DOZENS TO COMPLETE PROJECTS AT THE PARK, AND AGAIN, FROM OUTSIDE OF MCKINNEY. WE HAVE SCOUT GROUPS FROM PLANO, SCOUT TROOPS FROM FRISCO, SCOUT TROOPS FROM OTHER SURROUNDING AREAS. SO IRWIN PARK IS A VERY BIG DRAW. ALSO IN THE MOUNTAIN BIKING COMMUNITY, I WOULD I WOULD SUGGEST THAT, YOU KNOW, YOU COMPARE THAT TO OTHER BIG MOUNTAIN BIKING COMMUNITIES ACROSS THE ENTIRE COUNTRY LIKE BENTONVILLE, ARKANSAS, WHICH IS REALLY THE BIG RENOWNED AREA FOR MOUNTAIN BIKING AND WHAT WE'RE FINDING HERE AT IRWIN PARK IN THE TIME THAT I'VE BEEN INVOLVED WITH THE PARK, IS THAT PEOPLE ARE REACHING OUT TO US WANTING TO COME HERE AND VISIT, AND WE'RE SEEING PEOPLE THAT WE'RE FAMILIAR WITH THAT WERE INTIMATE WITH IN THE COMMUNITY COMING TO IRWIN PARK TO EXPERIENCE THAT TRAIL IN PARTICULAR. SO IT'S A IT'S A BIG POOL OF ATTRACTION TO IRWIN PARK, TO THE CITY OF MCKINNEY. IF I CAN GET TO THE MACHINE REALLY QUICKLY, THE MACHINE FILLS A GAP THAT THE CURRENT RESOURCES THAT MCKINNEY PARKS FOUNDATION DOES NOT HAVE. THEY DO NOT HAVE A MACHINE THAT CAN GET INTO NARROW TRAIL SPACES. THEY DO NOT HAVE A MACHINE THAT CAN GET INTO RUGGED TERRAIN. AND WHAT WE HAVE FOUND IN THE IN THE VOLUNTEER EFFORTS BETWEEN MCKINNEY PARKS FOUNDATION AND DORBA HAS BEEN THAT WE USE MOST OF OUR VOLUNTEER TIMES. A SIGNIFICANT PORTION OF OUR VOLUNTEER TIMES, AND JUST GETTING MATERIALS IN AND OUT OF THE TRAIL SPACES THAT WE'RE DOING THE WORK IN, WHETHER IT'S BUILDING A NEW BRIDGE, SOME ARMORING, SOME SURFACE FOR BETTER EROSION CONTROL, OR ANY OF THE PROJECTS THAT WE DO ON THE TRAILS. WE DON'T HAVE A [01:25:01] MACHINE THAT CAN ACTUALLY TAKE PLACE WITH THE PHYSICAL LABOR THAT WE'RE PUTTING IN. AND SO THE EFFICIENCY IS VERY LOW. HAVING THE RIGHT EQUIPMENT, WHICH I'VE HAD THE PRIVILEGE OF USING BEFORE IN TRAIL WORK, MAKES A MASSIVE DIFFERENCE IN THE AMOUNT THAT WE CAN GET DONE. AND SO IN WORKING WITH MCKINNEY PARKS FOUNDATION, AS MUCH AS I HAVE OVER THE PAST FEW YEARS AND SHARING RESOURCES, I'VE WORKED WITH THEM TO RECOMMEND THAT THEY OBTAIN A MACHINE THAT CAN GET THE JOB DONE. THE POLARIS SPORTSMAN IS WHAT YOU SEE UP ON THE SCREEN. WE'RE ACTUALLY SEEKING FUNDING FOR $20,000 TO SUPPORT THE PURCHASE OF THE POLARIS SPORTSMAN, AND THE ADDITIONAL AMOUNT IS FOR THE TAX TITLE AND LICENSING, AND ALSO FOR THE ACCESSORY DUMP TRAILER THAT ATTACHES TO THIS MACHINE. THIS MACHINE IN PARTICULAR HAS A TOWING CAPACITY OF OVER 1,500 POUNDS. IT ACTUALLY HAS A WINCH ATTACHMENT THAT PULLS MATERIALS, YOU KNOW, OUT OF, AGAIN, TIGHT SPACES THAT WE COULDN'T GET TO OTHERWISE. WE'VE DONE A LOT OF RECOVERY OF ITEMS OUT OF CREEKS AND WHATNOT AT ALL OF THE LOCAL PARKS. WORKING WITH THE PARKS FOUNDATION IN PARTICULAR, THIS SPECIFIC MACHINE HAS A MUCH MORE NARROW WHEELBASE THAN MOST ANY ATV OUT ON THE MARKET. THE TECHNOLOGY OF THESE IS NOT WHAT WE GREW UP WITH. THESE MACHINES NOW ARE A MUCH MORE ADVANCED, BUT THE WHEELBASE IS MUCH MORE NARROW. AND WITHOUT GETTING INTO SPECIFICS, THE CLEARANCE FROM THE GROUND IS MUCH HIGHER. AND SO THIS IS THE IDEAL MACHINE FOR A PROJECT LIKE THE MCKINNEY PARKS FOUNDATION. AND WHAT THEY PUT IN AT PARKS LIKE IRWIN PARK SPECIFICALLY, AND NOW GRAY BRANCH PARK AND SOME OF THE OTHER PARKS IN THE AREA. I COULD GO ON ABOUT THE MACHINE, BUT BECAUSE WE'RE OVER TIME, WE'LL OPEN IT UP TO QUESTIONS. SO ONE OTHER QUICK THING. WE ALSO NOW HAVE A STORAGE CONTAINER LOCKED STORAGE CONTAINER OUT AT IRWIN PARK SO EVERYTHING CAN BE KEPT VERY SECURE. OKAY. THANK YOU. IS THERE ANYONE HERE TO SPEAK TO THIS PUBLIC AGENDA ITEM? OR ANY BOARD COMMENTS? I HAVE A QUESTION. I BELIEVE IT WAS LAST YEAR OR SOMEWHAT RECENTLY. THE FOUNDATION CAME BEFORE THE BOARD TO ASK FOR SIMILAR EQUIPMENT. I BELIEVE WE FUNDED IT. WAS THAT NOT FOR USE AT IRWIN OR CAN THAT EQUIPMENT BE TRANSPORTED? THAT WAS A POLARIS FOUR WHEELER. OKAY, I'M SORRY, FOUR SEATER. SO IT'S A LOT LARGER AND HAS A BED. SO YES, IT IS WAY TOO WIDE TO USE AT IRWIN PARK. THE OTHER ISSUE IS TRANSPORTING. YOU CAN'T DRIVE THESE ON THE STREET. THEY ALL HAVE BE PULLED BY A TRAILER. AND THERE'S EIGHT OF US ON THE BOARD. I THINK THREE OF US HAVE TRUCKS OR I DON'T HAVE TRUCKS. SO TRANSPORTING THINGS THAT FAR, BECAUSE IRWIN PARK IS THE FAR NORTHERN EDGE OF MCKINNEY, HAS BEEN A BIG CHALLENGE TRYING TO GET ANY EITHER THE POLARIS OR OUR FORMER GATOR. AND THE POLARIS WAS. YEAH, THAT WAS TWO YEARS AGO. OKAY. AND THEN SINCE DORBA IS A FAIRLY SIGNIFICANT USER OF THE IRWIN TRAILS, DO THEY PAY ANY ANNUAL LIKE AMENITY FEE OR ANYTHING AT ALL TO USE THE TRAILS? DORBA HAS AN AGREEMENT WITH THE PARKS DEPARTMENT TO MAINTAIN THE TRAILS, AND THAT'S REALLY THE EXTENT OF HIS INVOLVEMENT WITH THE WITH THE TRAIL SYSTEM. SO IT'S NOT A USAGE SITUATION. IT'S A MAINTENANCE SITUATION. SO THE CONTRACT IS FOR DORBA TO MAINTAIN THE TRAILS. THAT'S CORRECT. BUT THIS WOULD ALLOW THE FOUNDATION TO MAINTAIN THE TRAILS. YEAH. THE SHOW HAS BEEN REALLY INSTRUMENTAL. SO DORBA HAS MULTIPLE TRAILS THROUGHOUT THE THROUGHOUT THE DFW AREA. THEY DON'T FOCUS ON ON IRWIN PARK IN PARTICULAR. IN FACT, I'M THE REPRESENTATIVE OF DORBA FOR IRWIN PARK. AND MY SUPPORT LEVEL FROM DORBA AS AN ORGANIZATION HAS BEEN VERY LOW SINCE MY INVOLVEMENT. MY SUPPORT LEVEL FOR MCKINNEY PARKS FOUNDATION HAS ACTUALLY EXCEEDED THAT. SO, BUT I THINK TO ANSWER YOUR QUESTION AGAIN, THAT THE ASSOCIATION WITH DORBA TO IRWIN PARK IS MAINTENANCE OF THE TRAILS, AND THAT WOULD INVOLVE THINGS LIKE ACCESSIBILITY OF THE TRAILS AND ENHANCEMENTS TO THE TRAILS, NOT THE PARK SPACE OVERALL, JUST THE TRAIL SYSTEM. OKAY. SO DORBA IS FOCUSED ON JUST THE SINGLE TRACK TRAIL SYSTEM. OKAY. SO WHAT I'M TRYING TO DELINEATE IS DAUB'S RESPONSIBILITY THROUGH ITS WHATEVER CONTRACTUAL ARRANGEMENT IT HAS FOR MAINTENANCE AND THE PARKS FOUNDATION FOR THE TRAILS AT IRWIN IN PARTICULAR. LIKE, IS THIS RELIEVING DORBA OF SOME DUTIES THAT IT SHOULD BE FULFILLING? BRINGING IT UP TO THE STANDARD THAT WE'D LIKE TO BE AT DORBA BY ITSELF, I DON'T THINK WAS GOOD ENOUGH. SO WE KIND OF PARTNERED WITH SHAWN, AND WE'RE RAISING THE STANDARD OF THAT OF THE WHOLE TRAIL. I [01:30:01] MEAN, IF YOU GUYS HAVE BEEN OUT THERE, YOU'LL SEE THE SKILLS CENTER OR IT'S JUST TOTALLY TRANSFORMED IN THE LAST TWO YEARS. AND IF I MAY. SO HOW TO ANSWER THIS? A COUPLE OF THINGS COME TO MIND. IS THAT ONE, SAY THAT WE WERE TO APPROACH DORBA FOR A MACHINE LIKE THIS, WHICH IS ACTUALLY SOMETHING THAT WILL LIKELY HAPPEN, THE DORBA MACHINE WOULD NOT BE SPECIFIC TO THE MCKINNEY AREA. THAT WOULD BE A MACHINE THAT WOULD BE SHARED THROUGHOUT THE DORBA COMMUNITY. AND SO THE ABILITY FOR US TO USE THAT EQUIPMENT AT IRWIN PARK WOULD PROBABLY BE BETWEEN AROUND 50 TRAILS OR SO, WOULD PROBABLY BE LESS THAN ONCE A YEAR. AND THE NEED THAT WE HAVE FOR A MACHINE LIKE THIS AT A PARK LIKE IRWIN, AND TO SHARE IT AMONG THE OTHER PARKS, BECAUSE THIS IS MUCH EASIER TO TRANSFER THE TRANSPORT AROUND THAN SOMETHING LIKE THE POLARIS RANGER THAT THEY GOT TWO YEARS AGO. SO IT'S NOT EXCLUSIVE TO IRWIN PARK. IRWIN PARK IS WHAT HIGHLIGHTED THE NEED FOR A PIECE OF EQUIPMENT LIKE THIS MORE THAN ANYTHING. SO AGAIN, YOU KNOW, IF DORBA HAD A MACHINE LIKE THIS, IT WOULD BE SOMETHING THAT WOULDN'T BE STORED AT IRWIN PARK SPECIFICALLY. IT WOULD BE SOMETHING THAT WOULD NOT BE ACCESSIBLE TO IRWIN PARK AS FREQUENTLY. SO THAT'S THAT'S ONE, YOU KNOW, ANSWER TO THE QUESTION THERE, I THINK. AND TWO, THE OTHER THE OTHER POINT THAT I PROBABLY DIDN'T ELABORATE VERY WELL ON IS THAT MCKINNEY PARKS FOUNDATION MAINTAINS AREAS OF THE PARK FOR CONSERVATION, FOR THINGS LIKE THE CREEKS THAT I MENTIONED PULLING, PULLING DEBRIS OUT OF THE CREEKS, FALLEN TREES AND WHATNOT. SO THERE'S A LOT THAT GOES ON IN THESE PARK SPACES, AND INCLUDING IRWIN PARK THAT GOES WAY ABOVE AND BEYOND JUST THE TRAILS. WHEREAS AGAIN, DORBA IS FOCUSED ON ONLY THE TRAILS. SO WE'RE TALKING ABOUT A NARROW STRIP THIS BIG THAT GOES ABOUT TEN MILES THROUGH THAT PARK SYSTEM. AND IRWIN PARK IS ORIGINALLY AROUND 212 ACRES, AND NOW THERE'S BEEN AN ADDITION OF SOMEWHERE AROUND 60 TO 80 ACRES ON THE WEST SIDE. SO THERE'S A LOT OF PARK SPACE THERE ABOVE AND BEYOND JUST THAT SINGLE NARROW TRAIL SPACE. AND THAT FALLS ON MCKINNEY PARKS FOUNDATION. THAT'S A MUCH MORE SIGNIFICANT AMOUNT OF SPACE AT THE PARK THAN JUST WHAT DORBA MAINTAINS. AND AGAIN, REALLY ESSENTIALLY DORBA AT THE IRWIN PARK IS ME. SO I CAN SPEAK ON THAT WITH A LOT OF CONFIDENCE. IT'S A VOLUNTEER ORGANIZATION, SO I THINK THAT HELPS TO HIGHLIGHT THAT IS THAT EQUIPMENT LIKE THIS AND SUPPORT FOR MCKINNEY PARKS FOUNDATION GOES WAY ABOVE AND BEYOND JUST THE TRAIL SYSTEM. AND THERE'S A LOT OF OTHER NEEDS. ONE THING THAT I WOULD SAY THAT I THINK A LOT OF PEOPLE REALLY DON'T UNDERSTAND OR CONSIDER WHEN WE'RE TALKING ABOUT A PARK SPACE LIKE IRWIN PARK. THAT'S A MUCH MORE NATURAL ENVIRONMENT THAN YOU SEE IN A LOT OF THESE CONCRETE SURFACE, YOU KNOW, TRAIL PARK SYSTEMS. NATURE TRIES TO TAKE IT BACK, AND IT DOES IT PRETTY QUICKLY. AND WITHOUT THE EFFORTS OF, YOU KNOW, THE VOLUNTEERISM THAT THAT MYSELF AND MY GROUPS THAT THAT I WORK WITH AND TRY TO GET VOLUNTEERISM FROM, WHICH IS SOMEWHAT INSIGNIFICANT COMPARED TO MCKINNEY PARKS FOUNDATION, WHEREAS I AND MY TEAM THAT I BRING ON PUT IN A LOT OF HOURS, INDIVIDUALLY, WE ARE FEW. WHEREAS MCKINNEY PARKS FOUNDATION HAS A VERY LARGE RESOURCE OF BRINGING IN VOLUNTEERS, AND THEIR NUMBERS ARE MUCH MORE WITH A LITTLE BIT LESS FOCUS OF, YOU KNOW, INDIVIDUAL HOURS. THEY EXCEED OUR HOURS BECAUSE OF THEIR, THEIR THEIR AMOUNT OF VOLUNTEERISM. SO AGAIN, NATURE DOES TRY TO TAKE THE TRAILS BACK FAIRLY QUICKLY. WE SEE EVERY YEAR, ESPECIALLY IN THE SPRING, THE AMOUNT OF DEBRIS THAT HAS TO BE CUT BACK, CLEANED UP. AND NOT ONLY THAT, THE RECENT YEARS, THE AMOUNT OF PROJECTS THAT WE'VE DONE TO ADD AND ENHANCE THE PARK, NOT JUST THE TRAIL SYSTEMS, LIKE THE ADDITION OF THE TREES THAT WE'VE DONE, WHERE THE COUNTY ROAD IS BEING DESTRUCTED ON THE BACKSIDE OF THE PROPERTY, THE ENTIRE TREE LINE IS GONE, AND NOW IT'S EXPOSED TO THAT ROAD SYSTEM. SO THAT BYPASS THAT'S GOING THROUGH THERE, THAT IS NOW EXPOSED DIRECTLY TO THE TRAIL SYSTEMS. THERE IS NO BARRIER THERE ANYMORE. WITH THE MCKINNEY PARKS FOUNDATION AND THE HELP OF THE CITY, THE MCKINNEY PARKS AND REC DEPARTMENT, WE'VE ACTUALLY PUT IN 75 TREES WITH PLANS TO PUT I MORE TREES TO HELP CREATE THAT BARRIER FROM THE ENCROACHMENT THAT'S HAPPENING TO THE PARK AND THE AND THE, YOU KNOW, THE CHANGES THAT ARE HAPPENING THERE. THESE ARE THINGS WHERE A LOT OF THIS WORK IS BEING DONE PHYSICALLY, A LOT OF THIS PHYSICAL WORK AND JUST HAULING OF MATERIALS TAKES UP PERSONAL, YOU KNOW, TIME FROM THE VOLUNTEERS FROM US, FROM THE FROM THE BOARD MEMBERS. AND IT TAKES PHYSICAL LABOR. IT'S A BEATING, GUYS. SO I JUST WANT TO ONE MORE QUESTION ON THIS. SO 20 IT'S A 14,000 PLUS. THE ADD ON IS PROBABLY A GRANT MAYBE 1500. THERE'S PROBABLY ROOM WITHIN THIS 20 K. I JUST WONDER IF THERE'S A POSSIBILITY OF A TOY HAULER TRAILER THAT GOES ON THE BACK OF A VEHICLE THAT YOU CAN TAKE THESE THINGS, THIS ONE, PLUS THE SIDE BY SIDE TO THE OTHER TRAILS AND GET A LITTLE BIT WIDER USE OUT OF THAT, BECAUSE YOU MENTIONED THAT AS A LIMITING FACTOR. I DON'T KNOW IF THIS THING CAN BE AMENDED OR ANY OF THAT AT THIS POINT, BUT I THINK THEY HAVE THAT INCLUDED IN THE REQUEST. AND THAT'S A THAT'S [01:35:05] A THAT'S A TRAILER TO GO BEHIND. THAT'S AN ACCESSORY DUMP TRAILER THAT ATTACHES TO THIS AND, AND MATCHES THE CAPACITY OF THIS PARTICULAR MACHINE. BUT TO ANSWER YOUR QUESTION, GOING BEHIND THAT'S GOT THAT CAN HOLD LIKE 1,000 POUNDS. I'M TALKING ABOUT A TRAILER THAT THIS THING DRIVES ON. YOU CAN TAKE IT. YES. WE RECEIVED A SIDE BY SIDE ALREADY. THAT'S LIMITED TO ONE AREA. RIGHT. SO AGAIN, WE'RE WAY OUT OF TIME. THAT'S BEEN RESOLVED ACTUALLY, OKAY HAS BEEN RESOLVED. SO HE CAN GET THIS TO OTHER TRAILS. AS THE SIDE BY SIDE, MCKINNEY PARKS FOUNDATION OBTAINED A TRAILER TO HAUL THE POLARIS RANGER THAT THEY GOT TWO YEARS AGO. AND IT HAS ROOM TO FIT THIS ADDITIONAL EQUIPMENT ON THAT. THE PROBLEM WAS MORE BASED ON THE VEHICLES TO PULL THAT TRAILER. THERE'S ONLY A SELECT FEW OF US, AND MYSELF INCLUDED, IS THAT CAN PULL THAT TRAILER TO TRAILER TRAIL. OKAY. THANK YOU. AND JUST TO BE FAIR TO THE LAST APPLICANT, YOU GUYS ARE ASKING FOR 100% FUNDING. YOU KNOW, THE BOARD. WE ALWAYS LIKE TO SEE APPLICANTS, YOU KNOW, HAVE A LITTLE BIT OF SKIN IN THE GAME. SAME QUESTION TO YOU GUYS. IF WE DON'T FUND THE WHOLE $20,000, DO YOU GUYS HAVE THE MEANS TO FILL THE GAP? WELL, WE CAN I THINK OUR COMMITMENT IS TO THE MAINTENANCE OF THESE MACHINES OVER THE NEXT TEN YEARS, FOR INSTANCE, WE'VE BEEN PUTTING A LOT OF MAINTENANCE ACTUALLY INTO THE POLARIS AND OUR PREVIOUS EQUIPMENT THAT WE'VE RECEIVED, THE BAD BOY AND STUFF, LIKE EVEN SOMETHING AS SIMPLE AS A TIRE PUNCTURE THAT CAN BE 100 BUCKS. SO WE CONTINUE ON WITH ALL THE MAINTENANCE AND STUFF OF THESE MACHINES AND, AND OF COURSE, INSURANCE, TITLE LICENSING AND SO ON. AND I THINK IT WOULD BE A LITTLE BIT DIFFICULT TO FIND ANOTHER ORGANIZATION, IF YOU WILL, THAT HAS SKIN IN THE GAME FOR THE NEED FOR THIS TYPE OF MACHINE, FOR IRWIN PARK OR FOR THE OTHER PARKS IN MCKINNEY SPECIFICALLY, THAT HAS TO DO WITH MAINTAINING AND IMPROVING THE ACCESSIBILITY OR THE FEATURES AT THE PARK SPACES, EVEN IRWIN PARK SPECIFICALLY. AND AGAIN, WE TALKED ABOUT THE REASON THAT I FEEL THAT'S TRUE OF DERBY SPECIFICALLY. ONE QUESTION I HAVE IS THIS THE COST, PROJECTED COST BASED ON A NEW OR GENTLY USED NEW MACHINE? ABSOLUTELY. WITH A WARRANTY? YEAH. ARE THERE ANY OTHER? THIS IS A PUBLIC HEARING. IS ANYONE HERE TO SPEAK WITH OUR TO SPEAK TO THIS PUBLIC AGENDA ITEM? ALL RIGHT. ARE THERE ADDITIONAL QUESTIONS FROM THE BOARD? I JUST WANT TO SAY THANK YOU GUYS FOR ALL YOU DO. I USE IRWIN IRWIN PARK REGULARLY AS WELL AS MY SON. AND YOU GUYS HAVE DONE A PHENOMENAL JOB WITH ALL THE NEW CHANGES AND STUFF THAT YOU GUYS HAVE BEEN DOING AND THE MAINTENANCE OF THE TRAILS OVER THE CURRENTLY VERSUS WHAT THEY WERE FIVE, SIX, SEVEN YEARS AGO. IT'S SIGNIFICANT. THERE'S A LOT OF CHANGES THAT HAVE HAPPENED. SO KUDOS TO YOU GUYS. THANK YOU FOR NOTICING. THANK YOU THANK YOU. CAN I GET A MOTION TO CLOSE THIS PUBLIC AGENDA ITEM? I'LL MOVE TO CLOSE. MOVED BY JOY. SECOND. SECOND SECOND. BY DAVID I MEAN DAVID. I'M SORRY. DAVID. RUSH BY SHOW OF HANDS. VOTING ON CLOSING THE PUBLIC HEARING. MOTION PASSES TO CLOSE THE [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by ClubCorp NV XXVI, LLC (Invited Clubs) (4B 25-04) in an Amount of One Million Five Hundred Thousand and NO/100 Dollars ($1,500,000.00) for Infrastructure and Site Improvements to Stabilize Erosion of the Creek at TPC Craig Ranch Located at 8000 Collin McKinney Parkway, McKinney, Texas.] PUBLIC HEARING. NEXT ITEM 25 DASH 2375. CONDUCT A PUBLIC HEARING. CONSIDER. DISCUSS, ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY THE CLUB CORPS ENVY 26, LLC. INVITED CLUBS OF FOUR B 20 504, IN THE AMOUNT OF $1,500,000 FOR THE INFRASTRUCTURE AND SITE IMPROVEMENTS FOR STABILIZING EROSION OF CREEK AT TPC CRAIG RANCH, HOSTED AT 8000 8000 COLLIN. COLLIN MCKINNEY PARKWAY I CAN'T TALK THIS MORNING. MCKINNEY, TEXAS. AND FRANK MERKEL. YEP, THAT'S RIGHT. FRANK MERKEL WILL BE PRESENTING. THANK YOU. THANK YOU, MADAM CHAIR. MADAM PRESIDENT OF THE BOARD MEMBERS. AND OF COURSE, TREVOR TREVOR'S GONE. OH, TREVOR'S GONE. HE SAID IT'S TOO MUCH. THANK YOU FOR HAVING US. AND GOOD MORNING AGAIN. I'M THE SENIOR VICE PRESIDENT OF OPERATIONS WITH INVITED CLUBS, WHICH IS A PRIVATE CLUB ORGANIZATION THAT OWNS APPROXIMATELY 167 CLUBS THROUGHOUT THE UNITED STATES. AND ONE OF OUR PRIDE AND JOYS IS IN MCKINNEY, TEXAS AT TPC CRAIG RANCH. SO WITH THAT, I'D LIKE TO KIND OF GO THROUGH A LITTLE BIT OF THE HISTORY OF THE CLUB. AM I DOING THIS ONE? OH, THERE WE GO. SO A LITTLE BIT OF HISTORY. THE CLUB WAS BUILT BY DAVID CRAIG IN 2004. IT HOSTED THE KORN FERRY TOUR EVENTS FROM 2008 TO 2012. INVITED, INQUIRED ACQUIRED THE CLUB IN 2019. IN 2021, WE ARE NOW THE HOST OF THE BYRON NELSON PGA GOLF TOURNAMENT AND WE ARE CURRENTLY TODAY IN A THREE YEAR RENOVATION THAT'S IN THE SCOPE OF THAT IS REGRESSING ALL THE FAIRWAYS, TEE BOXES, GREENS AND [01:40:04] THEN DOING SOME WORK TO MAKE US RELEVANT IN THE FUTURE TO CONTINUE TO HOST THE PGA EVENT. THE BYRON NELSON, THE ECONOMIC IMPACT THAT IT HAS TO THE CITY OF MCKINNEY IS ABOUT $30 MILLION OF TOTAL ECONOMIC IMPACT, ABOUT $18 MILLION OF DIRECT SPENDING HERE IN THE CITY, ABOUT $900,000 OF TAX REVENUES GENERATED BY THE BYRON NELSON, ABOUT 300 JOBS FOR THE TOURNAMENT THAT WE HAVE TO EMPLOY, AND THEN ABOUT 200 OR 8200 HOTEL ROOMS SOLD IN MCKINNEY, AND AROUND ANOTHER 2500 IN THE SURROUNDING COLLIN COUNTY AREA AS WELL. AND THE COURSE RENOVATIONS ARE ESSENTIAL TO MAINTAINING THE GOLF COURSE. AS A HOST OF THE BYRON NELSON AS A PREMIER EVENT IN KEY REVENUE DRIVER FOR THE COMMUNITY OF MCKINNEY. CURRENTLY, AS I MENTIONED, WE'RE UNDER RENOVATIONS WITH ABOUT 12 PLUS MILLION DOLLAR RENOVATIONS WHERE LANNY WATKINS AND HIS TEAM CAME IN AND REDESIGNED THE GOLF COURSE. IT WAS A TOM WEISKOPF, AND LANNY HAS COME IN TO TRY TO ELEVATE THE PROPERTY SO THAT IT IS, AGAIN, SUSTAINABLE FOR FUTURE TOUR EVENTS. SO AGAIN, AS I MENTIONED, WE'RE DOING FAIRWAYS, TEES AND ROUGHS. GREENS WILL BE CONVERTED TO AN ULTRA DWARF BERMUDA, PROBABLY MORE INFORMATION THAN YOU NEEDED. AND THEN THE IRRIGATION AS WELL. WE'RE PUTTING IN IRRIGATION AND DRAINAGE TO MAKE SURE THAT WE'RE STATE OF THE ART FACILITY TO THE PGA TOUR, IS PROUD OF AND WILL CONTINUE TO HOST THEIR EVENT WITH US. CURRENTLY, WHAT WE'RE THE PROJECT IS ACTUALLY UNDERWAY, AND THIS IS THE FUNDING THAT WE'RE ACTUALLY ASKING FOR. IT'S THE CREEK EROSION THAT IS SOUTH OF COLLIN MCKINNEY PARKWAY. AND CURRENTLY THERE'S A WATER THAT IS RUNNING ONTO THE PROPERTY AND THE CREEK IS ERODING AWAY, AS YOU CAN SEE, BY WHERE A IS AND IT'S ENCROACHING ON THE PUTTING GREENS AND THE SAFETY OF THE CART PATH AS WELL. SO THE CREEK EROSION MUST BE CONTROLLED TO PROTECT THE PRACTICE. GREEN AND THE NEARBY CART PATH AND THE DRIVING RANGE. AGAIN, HERE'S SOME EXAMPLES OF THE EROSION THAT'S TAKING PLACE WITH THE AMOUNT OF WATER THAT'S RUNNING ONTO THE PROPERTY AGAIN. AND YOU CAN SEE IN THE PICTURE THE SECOND ONE ON THE BOTTOM, WE ACTUALLY HAD TO REPLACE A BRIDGE THIS YEAR IN THE TUNE OF APPROXIMATELY $300,000. BECAUSE OF THE EROSION AND THE AMOUNT OF WATER THAT'S ACTUALLY RUNNING ONTO OUR PROPERTY FROM THIS CREEK, AND YOU CAN SEE THE TREES THAT ARE ABOUT TO FALL IN AND AGAIN, IN THE EROSION IS GETTING CLOSER AND CLOSER TO THE CART PATH, AS WELL AS THE DRIVING RANGE AND THE TEE AND THE GREENS AS WELL. THIS WOULD BE AN EXAMPLE OF WHAT WE WOULD ACTUALLY OR WE'RE IN THE PROCESS OF CONSTRUCTING RIGHT NOW. WE'RE USING THESE STONE FEATURES. THIS WAS DONE ACTUALLY WITH SOME OF THE EROSION AT OUR GOLF COURSES HERE LOCALLY IN MCKINNEY, AT STONEBRIDGE RANCH, AS WELL AS STONEBRIAR AND GLENEAGLES. WE'RE DOING THE SAME TYPE OF CONSTRUCTION TO SHORE UP THE BANKS TO ELIMINATE THE EROSION THAT IS BEING CAUSED RIGHT NOW. WITH THAT AS WELL. JUST KIND OF THE BREAKDOWN OF THE PROJECT AND WHAT WE'RE DOING RIGHT NOW. THE PROJECT COST IS APPROXIMATELY 1.6 MILLION, BUT THAT'S INCORPORATED IN THE OTHER 12 MILLION THAT WE'RE CURRENTLY BRINGING THE PROPERTY UP. SO IT LOOKS LIKE IT'S ONLY 9% OF THE PROJECT BECAUSE WE'RE ASKING FOR 1.5 MILLION. HOWEVER, WHEN YOU LOOK AT THE BIG SCOPE OF THE PROJECT, IT'S OVER $15 MILLION. SO THIS IS A SMALL PIECE OF THE ENTIRE PROJECT. WITH THAT SAID, LINDA, IS THERE A VIDEO THAT YOU CAN SHOW? I HAVE 34 SECONDS. I DIDN'T REALIZE THERE WAS A VIDEO ON THIS ONE. OKAY. THERE WAS. SORRY. MY NAME IS DANIEL HORN. I SUBMITTED THE APPLICATION. THE. THAT'S FAIR. THE VIDEO IS GOING TO SHOW THE KIND OF A BETTER SCOPE OF THE AMOUNT OF EROSION. IT'S A REALLY GOOD FLYOVER OF THE AREA THAT SHOWS EXACTLY WHAT THAT AREA OF THE CREEK IS DOING, HOW CLOSE IT'S ENCROACHING TO THE CART PATH. YOU CAN ONLY SEE SO MUCH IN THE STILL PHOTOS. SO THE DRONE FOOTAGE IS, IS REALLY, REALLY TELLING ABOUT WHAT WHAT THE EROSION LOOKS LIKE THROUGH THERE. GOOD. AND LET'S OPEN IT UP FOR QUESTIONS. THIS IS A PUBLIC AGENDA ITEM. IS THERE ANY PUBLIC COMMENTS ON THIS AGENDA ITEM? ANY BOARD COMMENTS? A QUESTION? I AM BY NO MEANS AN EXPERT IN ENVIRONMENTAL DESIGN, SO PLEASE FORGIVE ME IF THIS IS AN IGNORANT QUESTION, BUT HAS THE UNDERLYING LIKE THE ROOT CAUSE OF THE EROSION BEEN IDENTIFIED SUCH THAT YOU'RE CONFIDENT THAT THE WALL WILL LIMIT FURTHER ENCROACHMENT ONTO YOUR LAND? I THINK THE CAUSE IS VIEWED FROM THE PERSPECTIVE OF FUTURE DEVELOPMENT SURROUNDING [01:45:07] DEVELOPMENT. I THINK WE HAVE EXPERIENCE WITH LIKE THE EXAMPLE WITH STONEBRIDGE RANCH IS A SIMILAR SCENARIO WHERE WE'VE SEEN RUNOFF FROM SURROUNDING AREAS, CAUSING EROSION TO WHAT WOULD BE CONSIDERED A SMALL BRANCH OF A CREEK. SO WE HAVE EXPERIENCE WITH INSTALLING THESE TYPES OF FACILITIES AND KNOWING THAT THEY DO WORK. AND THE ONGOING I MEAN, THERE IS ONGOING MAINTENANCE THAT WE WOULD UNDERTAKE AS A AS A PROPERTY OWNERS FOR THE WALL. BUT WE DO HAVE THE EXPERIENCE IN, IN OUR MANAGEMENT AND OPERATION OF ALL OF OUR GOLF COURSES THAT THIS, SORT OF THIS EFFORT DOES WORK. OKAY. AND JUST JUST TO MAKE SURE I UNDERSTAND. SO IN OTHER GOLF COURSES WHERE YOU'VE HAD TO DO THIS, YOU'VE BORNE THE EXPENSE ENTIRELY. THE RATIONALE FOR COMING TO US IS BECAUSE THIS PARTICULAR COURSE HOSTS THE BYRON, WHICH IS OF SIGNIFICANT IMPACT TO THE CITY OF MCKINNEY. IN A WAY, I THINK THE COLLABORATIVE EFFORT I THINK WE SEE WITH THE CITY AND THE VALUE THAT THE TOURNAMENT BRINGS TO ALL OF US HERE. PLUS, FROM THE BENEFIT OF THE PGA'S PERSPECTIVE AND THE ATTRACTIVENESS OF KEEPING EVERYTHING SAFE ON PROPERTY IS REALLY AS WE NEGOTIATE THE ONGOING EXTENSIONS WITH THE PGA TO KEEP THE TOURNAMENT IN TOWN. THESE KINDS OF THINGS ARE IN A WAY THINGS ARE LOOKING FOR. OKAY. AND WHAT IS THE CURRENT LENGTH OF THE CONTRACT TO HAVE THE BYRON AT YOUR COURSE? I'M NOT POSITIVE IF IT EXPIRES WITH THE CURRENT, THE CURRENT TOURNAMENT, THAT'S GOING TO HAPPEN IN 25 OR IF IT EXPIRES WITH THE 26. BUT I KNOW WE'RE WORKING ON AN EXTENSION THAT WOULD BEGIN WITH THE 26 TOURNAMENT. OKAY. BUT THERE IS POTENTIAL FOR OTHER PGA TOURNAMENTS UNAFFILIATED WITH THE BYRON TO USE YOUR COURSE. I CAN'T REALLY SPEAK TO THAT NECESSARILY. OKAY, YEAH. THIS IS THE FIFTH YEAR THIS YEAR'S EVENT WILL BE THE FIFTH YEAR IN A FIVE YEAR CONTRACT. MY UNDERSTANDING IS THAT MULTIPLE PARTIES, INCLUDING YOUR YOUR COMPANY, TPC CRAIG RANCH. BJ GROUP, T.J. GROUP, THE CITY, THE FOUNDATION THAT OR SPORTSMAN'S CLUB ARE SALESMANSHIP CLUB. YEAH. SALESMANSHIP CLUB ARE ALL IN NEGOTIATIONS TO EXTEND THAT, CORRECT? CORRECT. YES, SIR. I AGREE WITH WITH JOY'S PREMISE THAT IF NOT FOR THE BYRON, THIS IS A PRIVATE CLUB THAT IS MANAGED BY A PRIVATE CORPORATION AND SHOULD HAVE PRIVATE INVESTMENT. AND THE REASON IT MAKES SENSE FOR US TO INVEST IN IT IS BECAUSE THE BYRON BRINGS SO MUCH ANCILLARY BENEFIT TO THE CITY. SO I WOULD BE VERY CONCERNED THAT IFF WE INVEST IN THIS, WHEN WE INVEST IN THIS, THAT THERE BE SOME KIND OF TIE TO OF THIS FUNDING TO AN EXTENSION OF THAT CONTRACT, AND THAT WE ARE ONLY INVESTING IN THIS ONCE THAT CONTRACT HAS BEEN EXTENDED. AND WE KNOW THAT THE BYRON WILL REMAIN IN MCKINNEY FOR FIVE MORE YEARS, I THINK THAT'S WHAT MAKES SENSE FOR THIS BOARD TO INVEST IN THIS PROJECT. AND WE NEED TO UNDERSTAND THAT WE ARE GOING TO HAVE THE BYRON BEFORE WE MAKE THAT INVESTMENT. OKAY. SO LIKE A FORGIVABLE LOAN, IT'S A LOAN NOW. OR IF THE BOARD'S INCLINED TO SUPPORT THE SUPPORT COULD BE CONTINGENT UPON RENEWAL OF THAT AGREEMENT OR EXTENSION OF THAT AGREEMENT. YEAH. THAT NEXT MONTH THAT WILL BE MY MOTION THAT WE MAKE OUR APPROVAL OF THIS CONTINGENT UPON EXTENSION OF THAT CONTRACT. WOULD YOU LIKE TO COMMENT ON THAT? AND NO, I DON'T HAVE A FURTHER COMMENT ON THAT. YEAH. HE TELLS ME HE CAN'T. I MEAN, THE COMMENT THERE IS, AGAIN, AS A COMPANY, AS AN ORGANIZATION, WE'RE WE'RE INVESTING OVER $15 MILLION IN THIS PROJECT. SO AGAIN, TO YOUR POINT, AND I UNDERSTAND YOU KNOW, THE CONCERNS, BUT WE AS A COMPANY WOULDN'T BE INVESTING $15 MILLION IF WE DIDN'T HAVE, YOU KNOW, THE FUTURE INSIGHT THAT THIS CONTRACT IS GOING TO GET RENEWED FOR SURE. RIGHT. AND I HAVE NOTHING TO INDICATE THAT IT IT WON'T GET RENEWED EITHER. AND I CERTAINLY HOPE AND I THINK MCKINNEY AND YOUR COURSE AND EVERYONE INVOLVED IN THIS HAS PERFORMED EXTREMELY WELL. AND WE'VE HAD AWESOME EVENTS. AND IF SALESMANSHIP OR PGA OR OTHERS DECIDE TO GO SOMEWHERE ELSE, I THINK THEY'RE MAKING A HUGE MISTAKE. I AGREE, AND THERE'S NO REASON TO BELIEVE THAT THEY WON'T EXTEND. RIGHT? YES. HAVING SAID ALL THAT, YES, IT'S STILL SMART FOR THIS CORPORATION TO ONLY INVEST IN THIS PROJECT WHEN IT'S. YEAH, WHEN THE BENEFIT TO THE CITY IS GOING TO BE [01:50:01] REALIZED. ABSOLUTELY, ABSOLUTELY. AGAIN, THIS IS A PUBLIC AGENDA ITEM. IF THERE IS, IS THERE ANYONE HERE IN THE AUDIENCE TO SPEAK TO THIS PUBLIC AGENDA? OKAY. CAN I GET A MOTION? THANK YOU SO MUCH, SIR. THANK YOU, THANK YOU. CAN I GET A MOTION TO CLOSE THIS PUBLIC HEARING ITEM? MOTION TO CLOSE THE PUBLIC HEARING ITEM. MOTION TO CLOSE BY. DEBORAH I'LL SECOND. SECOND BY AJ. THANK YOU. PUBLIC ITEM BY A MOTION OF HANDS. TO THE MOTION TO CLOSE A [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Habitat for Humanity of Collin County (4B 25-05) in the Amount of Four Hundred Eleven Thousand Four Hundred Fifty-Five and NO/100 Dollars ($411,455.00) to Support Construction of Ten Townhomes (Five Units with Two Townhomes Each) in the Cotton Groves Development Located on Kings Row in East McKinney.] PUBLIC AGENDA ITEM IS CLOSED. IS APPROVED. ITEM 25 DASH 2376. CONDUCT A PUBLIC HEARING AND CONSIDER AND DISCUSS. ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY HABITAT FOR HUMANITY OF COLLIN COUNTY FOR BE 2505. IN THE AMOUNT OF $411,000 AND $455 TO SUPPORT THE CONSTRUCTION OF TEN TOWNHOMES. UNIT FIVE UNITS WITH TWO TOWNHOMES EACH IN THE COTTON GROVE DEVELOPMENT, LOCATED ON KINGS ROAD IN EAST MCKINNEY, AND SHONDA SCHAEFER. HI THERE. FIRST OF ALL, THANK YOU SO MUCH FOR THE OPPORTUNITY TO ADDRESS YOU. AND EVEN MORE THAN THAT, THANK YOU TO ALL OF YOU THAT WERE ABLE TO JOIN US AT THE GROUNDBREAKING OF THE JIMMY CARTER HOUSE LAST WEEK, A WEEK AGO TODAY. MY TIME IS FLIES. WE'VE GOT SOME REALLY EXCITING THINGS HAPPENING AT HABITAT FOR HUMANITY, COLLIN COUNTY, AND SO WE WANT TO GET RIGHT TO THE REQUEST. YOU ARE MOST FAMILIAR, I'M SURE, WITH THE COTTON GROVES PROJECT. BUT JUST AS A REFRESHER, COTTON GROVES IS AN AFFORDABLE HOUSING COMMUNITY LOCATED OVER OFF OF BUMPUS IN IN. I BELIEVE IT'S DISTRICT ONE OF THE CITY OF MCKINNEY. THE PLAN IS FOR A TOTAL OF 35 FAMILIES TO BE HOUSED IN PERMANENT HOUSING. WE HAVE AN AMENITY CENTER THAT IS ABOUT 2600FT■S. CURRENTLY IS THE HOME OF THE BOYS AND GIRLS CLUB WITH ABOUT. I BELIEVE THEY'RE UP TO 30 CHILDREN WHO COME AFTER SCHOOL. BEAUTIFUL PLACE FOR THEM TO BE DOING THEIR AFTER SCHOOL PROGRAMING. THE TOWNHOMES THAT WE ARE WORKING ON ARE GOING TO TOTAL IN TOTAL ENCOMPASS THE 35 UNITS. THE PLAYGROUND IS ALREADY IN PLAY AND IS BEING UTILIZED NOT JUST BY THE RESIDENTS OF COTTON GROVES, BUT THE COMMUNITY AS A WHOLE, AND CERTAINLY IS A WONDERFUL AMENITY FOR THE BOYS AND GIRLS CLUB IN THEIR AFTER SCHOOL PROGRAM. THERE'S BEEN A JOURNEY AND MOST OF YOU ARE AWARE OF THIS JOURNEY, SO I JUST WANT TO HIGHLIGHT A COUPLE OF THINGS ABOUT THE HISTORY OF COTTON GROVES. AND I COULD NOT DO THAT WITHOUT ALSO ACKNOWLEDGING CELESTE COX, WHO'S IN THE ROOM AND ACKNOWLEDGING WHAT A REALLY INNOVATIVE AND CREATIVE IDEA THE SHIPPING CONTAINERS WERE AS A WAY TO FIND LOW COST CONSTRUCTION FOR PERMANENT HOUSING. I THINK THERE WAS, AND YOU WERE AWARE OF A LOT OF THE ISSUES THAT THAT CAME UP AFTER THAT PROJECT STARTED, INCLUDING EXTREMELY HIGH COST POST COVID AND WORKING WITH METALWORK AND THINGS OF THAT NATURE. SO BOTTOM LINE IS WE FINISHED THE SIX THAT WERE UNDER CONSTRUCTION AND IT'S BEEN HAVE MADE THE DECISION WITH A LOT OF AMAZING VOLUNTEERS ON OUR CONSTRUCTION COMMITTEE TO TRANSITION THE REST OF THAT COMMUNITY TO A TRADITIONAL WOODEN STRUCTURE. SO YOU SEE THE ELEVATION PICTURES THERE. THIS IS THE COMMUNITY AS A WHOLE. YOU'LL SEE THAT WE HAVE THE AMENITY CENTER ON THE UPPER LEFT. THE PLAYGROUND IS ON THE BOTTOM LEFT. THE LIGHTER GRAY SHADE IS THE SIX CONTAINER HOMES THAT ARE COMPLETED. AND AS OF OH GOSH, JUST LAST MONTH ARE COMPLETELY OCCUPIED BY OWNERS WHO HAVE BEEN ON THE WAITLIST FOR MANY YEARS, IN SOME CASES UP TO FIVE YEARS. SO WE WERE PLEASED TO BE ABLE TO PUT THEM IN PERMANENT HOUSING. IF YOU LOOK TO THE BOTTOM LEFT NEXT TO THE PLAYGROUND, YOU'LL SEE THE FIVE UNITS THAT WILL MAKE UP THE FIRST OF THE FIVE PLEXES THAT WE ARE DOING. RIGHT. NEXT TO THAT, YOU'LL SEE THE PLOT WHERE THE SECOND FIVE PLEX WILL BE. THIS IS A PHOTO OF THE ELEVATION. YOU'LL SEE IT'S VERY SIMILAR IN BOTH STRUCTURE AND STYLE TO THE CONTAINER HOMES TO MAINTAIN SOME CONTINUITY IN THAT COMMUNITY, YOU'LL SEE THE LAYOUT PROVIDES FOR THE FAMILY TO BE UP TO, I BELIEVE. THREE BEDROOM. CORRECT ME JAMES. BY THE WAY, THIS IS JAMES. HE IS THE MOST AMAZING CONSTRUCTION MANAGER IN THE WORLD AND HAS ALL THE BETTER KNOWLEDGE OF THE CONSTRUCTION PIECE. OUR REQUEST. WE ARE ASKING FOR THE HORIZONTAL WORK [01:55:02] FOR THE TWO FIVE PLEXES, WHICH WILL BE A TOTAL OF TEN UNITS. TWO PROJECTS. EXCUSE ME TWO BUILDING TWO FIVE PLEXES IS A TOTAL OF 2.474 MILLION IN CONSTRUCTION. WE ARE ASKING FOR THAT HORIZONTAL WORK WHICH IS THE GRADING, THE PREP, THE SLAB WORK, OUR CONTINGENCY AND ADMIN COSTS. SO OUR REQUEST TO YOU IS APPROXIMATELY 17% OF THE TOTAL PROJECT, EQUALING ABOUT 411,000. I THINK IT'S NOTEWORTHY. I'LL GO BACK TO THIS AND JUST SAY IT'S NOTEWORTHY THAT WE HAVE CURRENTLY RECEIVED IN-KIND CONTRIBUTION COMMITMENTS TO EQUALING ROUGHLY ABOUT 10% OF THE COST. WE ALSO PLAN TO ENGAGE AS MANY AS 15,000 VOLUNTEER HOURS ON THESE PROJECTS, WHICH WAS ALSO ONE OF THE CHALLENGES TO THE CONTAINER HOMES. THERE WEREN'T NEARLY AS MANY VOLUNTEER OPPORTUNITIES BECAUSE OF THE SPECIALTY NATURE OF CONSTRUCTING THOSE. SO ALL OF THAT BEING SAID, WE FEEL PRETTY STRONGLY THAT WE'VE GOT SOME ADDITIONAL SUPPORT, BOTH IN-KIND THROUGH VOLUNTEERS AND OF COURSE, THROUGH FUNDRAISING, WHICH YOU ARE ALL A PART OF THE LAUNCH OF OUR NEW FUNDRAISING PROJECTS HERE, NOT JUST IN MCKINNEY, BUT THROUGHOUT COLLIN COUNTY AND TRULY THE STATE OF TEXAS. SO, JAMES, ANYTHING THAT I MISSED? NO, I DON'T THINK SO. OKAY, THEN WE ARE OPEN FOR QUESTIONS. SO I DO HAVE A QUESTION. AND I KNOW FROM THE INITIAL OF THE CONTAINER HOMES, DO YOU STILL HAVE WILL THESE HOMES ALREADY KIND OF. I KNOW THERE WAS A WAITLIST FOR POTENTIAL HOMEOWNERS. WILL THEY BE ABLE TO TRANSITION INTO. SO YOU WILL HAVE THEY WILL BE OCCUPIED ONCE CONSTRUCTED? ABSOLUTELY. WE HAVE APPROXIMATELY 15 FAMILIES THAT ARE EITHER ALREADY QUALIFIED OR IN THE PRE-QUALIFICATION STEPS. SO FILLING THESE HOUSES ARE IS NOT OUR CONCERN. WE ARE PROBABLY MORE FOCUSED ON SOME OF THE PROJECTS OUTSIDE OF THIS PROJECT, SO THAT WE CAN FULFILL ALL 15 FAMILIES. WE HAVE ALREADY HOUSED SEVEN FAMILIES SINCE JULY AND HAVE WITH THIS CONSTRUCTION AND A COUPLE OF OTHER PROJECTS, LOOK AT APPROXIMATELY 6 TO 7 OTHER FAMILIES THAT WILL HOUSE BEFORE THE END OF OUR FISCAL YEAR, MAKING A GOOD OLD BAKER'S DOZEN COMPARATIVELY TO ABOUT AN AVERAGE OF FOUR FAMILIES A YEAR OVER THE LAST SEVERAL YEARS. SO WE ARE REALLY FOCUSING ON THAT MISSION TO HOUSE WORKING FAMILIES IN PERMANENT HOUSING. OKAY, SHONDA, PARDON ME. DID YOU SAY THAT THERE ARE 35 FAMILIES CURRENTLY LIVING IN COTTON GROVES? 35 NO, NO NO NO. I'M SORRY. NO. THERE'S SPACE FOR 35 TOTAL. WE HAVE SIX FAMILIES CURRENTLY CLOSED ON. AND THESE TWO FIVE PLEXES WILL ACCOUNT FOR ANOTHER TEN. SO TEN MORE FAMILIES, TEN MORE FAMILIES, IN ADDITION TO THE SIX CURRENTLY LIVING THERE. OKAY. ADDITIONAL QUESTIONS. EXCUSE ME. THIS IS A PUBLIC HEARING. IF THERE'S ANYONE HERE TO SPEAK TO THIS PUBLIC AGENDA ITEM. OKAY. IF NO OTHER COMMENTS, CAN I GET A MOTION TO CLOSE THIS PUBLIC HEARING? I'LL MOVE TO CLOSE. MOVE TO CLOSE BY. JOY. I'LL SECOND IT. SECOND BY AJ. THANK YOU. THANK YOU FOR YOUR TIME. THANK YOU. THANK YOU. A SHOW OF HANDS. MOTION PASSED TO CLOSE [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by The City of McKinney (4B 25-06) in the Amount of Thirty Million and NO/100 Dollars ($30,000,000.00) for the Construction of Eastside Airport Infrastructure and Passenger Terminal Elements Including Taxiways, Aprons, and other Airport Facilities, at McKinney National Airport, 1508 Industrial Blvd, McKinney, TX 75069.] THE PUBLIC HEARING. THANK YOU. NEXT ITEM, 25 DASH 2377. CONDUCT A PUBLIC HEARING. CONSIDER. DISCUSS. ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY THE CITY OF MCKINNEY FOR BE 2506, IN THE AMOUNT OF $30 MILLION FOR THE CONSTRUCTION OF EAST SIDE AIRPORT INFRASTRUCTURE. PASSENGER TERMINAL ELEMENTS, INCLUDING TAXIWAYS, APRONS, AND OTHER AIRPORT FACILITIES AT MCKINNEY NATIONAL AIRPORT. 1508 INDUSTRIAL MCKINNEY, TEXAS 75 069. OH YEAH, I'M JUST READING SOME OTHER NOTES. JUST GIVE HIM A BEER. SHELTON. YOU GET TWO MINUTES. TWO MINUTES. OKAY. WE'RE GOING TO SKIP AHEAD, THEN. A MINUTE AND A HALF TOO LONG. I DO WANT THE FIVE MINUTE CLOCK SO I CAN HOLD MYSELF TO THAT. GOOD MORNING, MADAM CHAIR. MEMBERS OF THE BOARD, BARRY SHELTON, ASSISTANT CITY MANAGER. I'M GOING TO PRESENT SOME INFORMATION ON THE PROPOSAL AT MCKINNEY NATIONAL AIRPORT. I DO HAVE A TEAM OF FOLKS HERE WITH ME TO HELP ANSWER QUESTIONS AT THE END, AND WE'LL GET TO THEM AT A LATER SLIDE. SO AS YOU'RE AWARE, WE PROPOSED BACK IN 2023 A BOND ELECTION FOR $200 MILLION TO FUND A COMMERCIAL SERVICE TERMINAL AT THE AIRPORT. THE [02:00:03] VOTERS VOTED THAT BOND PACKAGE DOWN, WHICH WAS TO UTILIZE PROPERTY TAX BACKED DEBT TO BUILD A TERMINAL. SINCE THAT TIME, YOU CAN SEE WE HAVE WHAT WE CALL PROGRAM ADJUSTMENTS. WE'VE BEEN GIVEN THE DIRECTION BY THE CITY COUNCIL TO GO BACK TO THE DRAWING BOARD AND COME UP WITH A WAY TO START COMMERCIAL SERVICE AT THE AIRPORT AT A MUCH REDUCED RATE AND A WAY TO FUND THAT CONSTRUCTION WITHOUT THE USE OF PROPERTY TAX BACKED DEBT. WITH THAT, WE CAME TO THE CDC BOARD AND THE EDC BOARD FOR MONEY EARLIER THIS YEAR, OR I GUESS LAST YEAR, MID LAST YEAR, TO REQUEST MONEY FOR EAST SIDE DESIGN FUNDS. AND DURING THAT PROCESS, WE CONTINUED TO RECEIVE SOLICITATION FROM OUR AIRLINE PARTNERS WANTING US TO MOVE FORWARD. AND AS PART OF THAT, WE CAME UP WITH IT'S REALLY THREE SEPARATE PROJECTS THAT WE'RE PROPOSING TO BUILD ON THE EAST SIDE OF OUR CURRENT RUNWAY. THE FIRST PROJECT IS FLAT WORK. IT'S A PORTION ABOUT A THIRD OF TAXIWAY CHARLIE THAT WOULD PROVIDE ACCESS TO THE EAST SIDE OF THE AIRPORT FOR AERONAUTICAL USE. THE SECOND PROJECT IS A VEHICULAR ACCESS POINT THAT WOULD BE DESIGNED AS A ROUNDABOUT OFF OF 546, WHICH HAS ALREADY GAINED APPROVAL FROM TXDOT, WHICH IS NECESSARY AS THAT IS A STATE ROADWAY. AND THEN THE THIRD PROJECT BEING THE BIGGER OF THE THREE, THE BIGGEST OF THE THREE PROJECTS. AND THIS IS THE COMMERCIAL TERMINAL THAT'S BEING PROPOSED AT TKI. SO THIS IS KIND OF THE ULTIMATE DESIGN OF THE COMMERCIAL TERMINAL. ALL THIS MAY NOT BE BUILT WITH THE VERY FIRST PHASE. WE MAY NOT HAVE TO BUILD ALL OF THE PARKING LOTS. WE MAY NOT HAVE TO BUILD ALL THE RAMPP SPACE, BUT WE ARE PROGRAMING FOR THIS TO BE THE PHASE. THIS STILL ALLOWS FOR THE CONSTRUCTION OF THE FUTURE TERMINAL THAT WAS PROPOSED INITIALLY BACK IN 2023. IF WE GET TO THAT POINT WITH THE SUCCESS OF THE AIRPORT. BUT WHAT THIS ALLOWS US TO DO IS TO INTRODUCE COMMERCIAL SERVICE TO MCKINNEY NATIONAL AIRPORT AND ALLOWS US TO KIND OF PROVE A FEW CONCEPTS. ONE IS IT PROVES THE CONCEPT TO THE AIRLINES THAT THIS CAN BE SUCCESSFUL AIRPORT FOR THEM. THEY CAN HAVE THEY HAVE THE PASSENGER BASE AND THE MARKET THAT WILL ALLOW THEM TO OPERATE AND TO BE SUCCESSFUL HERE. IT ALSO PROVES THE CONCEPT THAT BY ADDING 3 TO 7 DAILY FLIGHTS AT AN AIRPORT THAT ALREADY HAS 400 DAILY OPERATION, IS NOT GOING TO HAVE THIS DETRIMENTAL IMPACT THAT EVERYONE FEARS. SO WE'VE RECENTLY COMPLETED THE PUBLIC HEARING ON THE ENVIRONMENTAL ASSESSMENT THAT SHOWS THE NOISE IMPACTS, THE TRAFFIC IMPACTS, THE IMPACTS ON WILDLIFE AND WATER AND AIR POLLUTION. AND WE'RE WORKING THROUGH THAT PROCESS. BUT THIS SMALLER TERMINAL ALLOWS US TO PROVE ALL OF THESE THINGS BEFORE WE KIND OF JUMP INTO THE DEEP END WITH THE LARGER TERMINAL AT SOME POINT DOWN THE ROAD IN THE FUTURE. WE HAVE A COUPLE RENDERINGS JUST TO SHOW WHERE THE CONCEPT IS. IT'S A TILT WALL BUILDING WITH 45,000FT■S. IT'S VERY COMPACT AND EFFICIENTLY DESIGNED TO ALLOW US TO START OPERATIONS. THEY WOULD BE GROUND LOADING GATES INSTEAD OF JET BRIDGES. WE'D HAVE THE DROP OFF AISLES HERE WITH A COVERED WALKWAY FOR INCLEMENT WEATHER. TICKETING AREA. YOU CAN SEE IT'S WE WANT IT TO BE QUALITY. SO A CUSTOMER THAT COMES HERE FINDS IT CONVENIENT. IT'S EASY TO GET TO. IT'S EASY TO GET THROUGH SECURITY. IT'S A SMALLER AIRPORT. YOU CAN SHOW UP WITH LESS TIME BEFORE YOUR FLIGHT, BUT WE ALSO WANT IT TO BE OF THE QUALITY WHERE THEY THEY APPRECIATE THE EXPERIENCE AND CHOOSE TO COME BACK. SO WHILE WE ARE TRYING TO KEEP IT AS BUDGET FRIENDLY AS POSSIBLE, WE DO WANT TO MAKE SURE WE HAVE THE FINISHES PEOPLE EXPECT AND THE EXPERIENCE THAT PEOPLE EXPECT WHEN FLYING. SO YOU CAN SEE THESE ARE POLISHED CONCRETE FLOORS, VERY COMPACT AND EFFICIENT SPACE. HOLD ROOMS. NICE DAYLIGHTING VIEW OF THE AIRCRAFT PULLING IN. BUT LIKE I SAID EARLIER, GROUND LOADING RATHER THAN JET BRIDGES. AND THEN WE HAVE BAGGAGE CLAIM ONCE AGAIN VERY SIMPLE BUT EFFICIENT LAYOUT OF THE SPACE. I'M ALMOST THERE. I'M PRETTY CLOSE. SO THE COST ESTIMATE FOR THIS, RATHER THAN THE $300 MILLION PROJECT THAT WAS PROPOSED PREVIOUSLY, WE NOW HAVE IT ESTIMATED WITH OUR ARCHITECTURAL ESTIMATES AT $72 MILLION. WE ARE ASKING FOR VARIOUS FUNDING SOURCES. SOME OF THEM ARE ALREADY GRANTED. YOU CAN SEE HERE ON THE BOARD TODAY WE ARE HERE ASKING FOR THE CDC TO, OF COURSE, HOLD THE PUBLIC HEARING WILL BE HOLDING A MEETING IN MARCH TO DISCUSS THIS WITH THE CITY COUNCIL, AND WE ARE SEEKING APPROVAL FOR APPROVAL OF A $30 MILLION TIFIA LOAN, ULTIMATELY, WITH INTERIM FINANCING THAT WOULD BE IN THE FORM OF SALES TAX REVENUE BONDS THAT WOULD BE BOUGHT OUT ONCE THE TIF IS PROCESSED BY THE FEDERAL GOVERNMENT. HERE'S THE SCHEDULE WE'RE LOOKING AT. SO MARCH 18TH, IS THAT JOINT [02:05:05] MEETING I WAS JUST MENTIONING. AND WE DO PLAN ON MOVING FORWARD WITH THE FINALIZATION OF DESIGN, CONSTRUCTION, PRICING AND CONTRACT EXECUTION, WITH CONSTRUCTION COMMENCING IN MAY OF 2025 WITH THE GOAL OF FOURTH QUARTER OF 2026 HAVING FLIGHTS DEPARTING FROM MCKINNEY NATIONAL AIRPORT. SO A FEW MINUTES OVER AND I APOLOGIZE. I DO HAVE A TEAM HERE THAT CAN HELP US WITH ANY OF THE FINANCING QUESTIONS, SPECIFICALLY, DAVE GORDON FROM ESTRADA IN AUSA IS HERE AND HE IS OUR FINANCIAL ADVISOR, AND HE CAN WALK US THROUGH BOTH THE INTERIM FINANCING, KIND OF WHAT WE CAN EXPECT ON THAT FRONT AND THE TIFIA LOAN INTEREST RATES ARE VERY VOLATILE AT THIS POINT, SO WE DON'T KNOW WHERE THEY WILL BE LOCKED IN ONCE THAT LOAN COMES TO FRUITION. BUT WE CAN TALK THROUGH WHERE WE HAVE BEEN, WHERE WE ARE AND WHERE WE EXPECT IT TO BE. SO WITH THAT, I STAND FOR ANY QUESTIONS. SO I JUST FOR TRANSPARENCY AND I KNOW THIS IS A HUGE ASK FOR OUR BOARD. IS THERE AN OPPORTUNITY TO JUST KIND OF SHARE PUBLICLY, LIKE EVEN WITH THIS TIFIA LOAN, IF WHEN THOSE FUNDS COME IN, IT WILL HELP TO GO REDUCE AND PAY OFF. SO THE PROGRAM THAT WE'RE TALKING ABOUT IS AN INITIAL ISSUANCE OF SALES TAX REVENUE BONDS. AND THOSE WOULD BE A SHORT TERM BOND THAT WOULD BE INTEREST ONLY FOR TWO YEARS AND WOULD BE CALLABLE WITHIN THE FIRST TWO YEARS. SO ESSENTIALLY WE'RE WORKING THROUGH A LOAN WITH ITS SORRY, I'M TRYING TO RECALL WHAT TIFIA STANDS FOR. IT'S A FEDERAL PROGRAM THROUGH THE BUILD AMERICA BUREAU OF THE DEPARTMENT OF TRANSPORTATION. IT'S A LOW INTEREST LOAN THAT WOULD BE ULTIMATELY FUNDED, THE DEBT SERVICE BY THE MCDC. WHAT THEY OFFER US, BECAUSE THIS IS A RURAL PROJECT, IT'S DESIGNATED ON THEIR THEIR MAPS AS A RURAL PROJECT. SO WE ARE ELIGIBLE FOR A, AN INTEREST RATE THAT IS HALF OF THE US 30 YEAR TREASURY RATE. SO IT'S ESSENTIALLY THE CHEAPEST MONEY WE CAN. WE CAN ACQUIRE WITH THAT. THE, THE LOAN IS ELIGIBLE FOR 49% OF THE ELIGIBLE PROJECT COSTS, 49% OF OUR ELIGIBLE PROJECT COSTS ACTUALLY AMOUNT TO ABOUT $31.6 MILLION. WE'RE ASKING FOR A FLAT $30 MILLION. WE'VE ALREADY SUBMITTED OUR LETTER OF INTENT TO THE DEPARTMENT OF TRANSPORTATION, AND ARE WORKING THROUGH THE PROCESS SO THAT WE'LL BE READY TO GO ONCE WE HAVE APPROVAL TO MOVE FORWARD WITH THAT. AT OUR CURRENT INTEREST RATES, WE ANTICIPATE BEING ABLE TO DO AN INTEREST ONLY PORTION OF THE TIFIA LOAN, WHICH WOULD KEEP OUR RATES BELOW $1 MILLION ANNUALLY, AND THEN, BARRY, I'M SORRY, THERE'S A LOT THERE, AND I WANT TO KIND OF UNPACK IT. I'M SORRY, MADAM CHAIR. MAY I BEFORE WE GET TOO DEEP INTO THAT REALLY LONG EXPLANATION, I JUST WANT TO KIND OF TAKE IT IN BITE SIZED CHUNKS, BECAUSE I'M GETTING I WANT TO BE ABLE TO UNDERSTAND IT. SO THIS BOARD IS GOING TO ISSUE SALES TAX REVENUE BONDS IN THE AMOUNT OF $30 MILLION. YES. AND WE ARE GOING TO PROVIDE THAT TO THE CITY TO BEGIN THIS PROJECT. AND WE WILL PAY THE INTEREST ON THOSE BONDS, INTEREST ONLY FOR SOME PERIOD OF TIME UNTIL THE TIFIA LOAN, WHICH IS A FEDERAL F LOAN, IS APPROVED BY THE FAA AND THE PROCEEDS FROM THAT LOAN ARE PROVIDED TO THIS CORPORATION TO RETIRE THOSE BONDS. CORRECT? CORRECT. OKAY. AND PRESUMABLY BASED ON WHAT YOU'VE JUST SAID, THE INTEREST RATES ON THE TIFIA LOAN ARE LOWER THAN THE INTEREST RATES ON THE BONDS WE WOULD ISSUE. THAT IS CORRECT. OKAY. AND SO THEN OUR BONDS ARE RETIRED IN I DON'T KNOW. DID YOU SAY TWO YEARS. WE ARE MAKING WE ARE PROPOSING TO MAKE THE INITIAL THE INTERIM FINANCING CALLABLE WITHIN TWO YEARS. OKAY. SO OUR BONDS ARE PAID OFF WITHIN TWO YEARS. BUT THE CITY AND PRESUMABLY MCDC STILL HAS THE TIFIA LOAN DEBT OUTSTANDING AT A LOWER INTEREST RATE. AND SO I THE INTENT THEN IS FOR THIS BOARD, FOR CDC TO CONTINUE INTO THE FUTURE PAIN THE TIFIA PRINCIPAL AND INTEREST. THAT IS CORRECT. YES, SIR. OKAY. AND THAT THAT INTENT IS IN PERPETUITY. THE 30 YEAR LIFE OF THE LOAN. CORRECT. OKAY. AT SOME POINT THERE WILL BE REVENUES [02:10:03] FROM THE AIRPORT, RIGHT? THERE'S A LOT TO UNPACK THERE AS WELL. YES. SO LET ME TELL YOU ABOUT ONE THING SPECIFICALLY. SO WHEN WE START SERVICE AT THE AIRPORT, WE WILL APPLY WITH THE FAA TO GET APPROVAL FOR WHAT IS KNOWN AS A PASSENGER FACILITY CHARGE OR A PFC. A PFC IS A FEE THAT GOES ON EVERY OUTBOUND PASSENGERS TICKET. SO, FOR INSTANCE, IF YOU BOUGHT A TICKET FROM MCKINNEY TO WHEREVER YOU'RE FLYING, YOU WOULD PAY A FEE. TYPICALLY IT'S BETWEEN 3 AND 4 AND A HALF DOLLARS. SO WE WOULD APPLY FOR THAT FEE. THAT FEE WOULD COME BACK. WE ESTIMATE BEFORE I GET INTO THE ESTIMATES, THOSE FEES MUST BE USED TO OFFSET THE DEBT FOR THE CAPITAL IMPROVEMENTS AT THE AIRPORT. SO WHEN WE BRING THOSE FEES IN, FIRST YEAR WILL BE ABOUT A HALF $1 MILLION. THOSE FEES WILL BE DISTRIBUTED AMONGST THE PEOPLE OR ORGANIZATIONS THAT FUNDED THE CAPITAL IMPROVEMENTS. THE CDC, WITH THEIR FUNDING, WOULD RECEIVE THE LION'S SHARE OF THAT FUNDING BECAUSE THEY ARE FUNDING THE LION'S SHARE OF THE ELIGIBLE COSTS AT THE AIRPORT. SO, YES, SO FCS WOULD BE A REVENUE SOURCE COMING FROM THE AIRPORT, GENERATED BY THE AIRPORT THAT WOULD THEN GO INTO THE CDC'S REVENUE COLUMN THAT WOULD BE USED TO OFFSET YOUR DEBT SERVICE FIRST YEAR. LIKE I SAID, GIVEN THE ESTIMATES FROM THE AIRLINE, ABOUT A HALF $1 MILLION BY YEAR THREE, WE BELIEVE THOSE NUMBERS WILL LIKELY BE SOMEWHERE BETWEEN 1.7 AND $1.9 MILLION COMING IN IN FCS. THAT WOULD BE, LIKE I SAID, DISTRIBUTED OUT TO THE ENTITIES WHO FUNDED THE CAPITAL. VERY EARLY CALCULATIONS ON THE SPLIT OF THOSE CONTRIBUTIONS, IT LOOKS LIKE THE CDC IS GOING TO BE FUNDING APPROXIMATELY 60% OF THE ELIGIBLE COSTS. SO ROUGH MATH, 60% OF THE FCS WOULD COME BACK TO THE PFC TO THE CDC. SORRY, TOO MANY ACRONYMS TO ASSIST IN THE PAYMENT OF THE DEBT SERVICE. SO AT $1.7 MILLION YEAR THREE, 60% OF THAT COMES BACK TO YOU TO ASSIST IN YOUR DEBT SERVICE PAYMENTS. AND OVER TIME, THOSE FCS WILL CONTINUE TO GO UP ASSUMING SERVICE CONTINUES TO RISE. AND AT SOME POINT, IT WOULD PAY THE ENTIRETY OF THE DEBT SERVICE FOR CDC. OKAY. SO THAT'S, I THINK, REALLY IMPORTANT FOR US AND THE PUBLIC TO UNDERSTAND IS THAT. WE ARE ESSENTIALLY YOU CAN THINK OF THIS AS A BRIDGE LOAN. IS THAT IS THAT FAIR? YES. SO THE WHAT WE'RE ASKING OF THE CDC IS TO HAVE A BRIDGE LOAN. SO YOU'RE ISSUING THE DEBT THAT WOULD THEN START TO BE REPAID BY THE REVENUES FROM THE AIRPORT. NOW THERE IS RISK ASSOCIATED WITH DOING THAT. SO WE WANT TO BE VERY CLEAR THAT IF THE ENPLANEMENTS DON'T CONTINUE TO RISE, THEN OF COURSE THE FCS DON'T CONTINUE TO RISE. BUT GIVEN THE NUMBERS THAT WE ARE RECEIVING FROM THE FIRST AIRLINE THAT WE ARE TALKING TO, THAT WE'RE WE'RE FURTHEST ALONG IN THE PROCESS, VERY NEAR TO A SIGNED TERM SHEET. JUST THEIR NUMBERS ALONE, LIKE I SAID, WOULD GENERATE BETWEEN 1.7 AND 1.9 MILLION BY YEAR THREE OF OPERATIONS. ULTIMATELY, MY POINT IS THAT WE ARE NOT SADDLING THIS CORPORATION WITH THIS DEBT WITHOUT REASONABLE EXPECTATIONS OF A REVENUE SOURCE TO PAY FOR IT. THAT IS CORRECT. ASIDE FROM THE ALREADY SIGNIFICANT REVENUES THAT WE HAVE THROUGH SALES TAX. SO THERE IS EXPECTATION OF REVENUE IN THE FUTURE FROM THE OPERATION OF THE AIRPORT. CDC IS IN LINE, SUBJECT TO OUR INVESTMENT, YOU KNOW, COMMENSURATE WITH OUR INVESTMENT TO RECEIVE THAT INCOME IN THE FUTURE AND TO HAVE THAT ASSISTANCE TO PAY THESE FUNDS BACK. SO THE POINT BEING THAT IN THE FUTURE, THIS CORPORATION WILL NOT BE SIGNIFICANTLY HAMSTRUNG IN DOING THE THINGS THAT WE DO AND PROVIDING THE SERVICES TO THE COMMUNITY THAT WE PROVIDE. IS THAT IS THAT A FAIR ASSESSMENT? THAT'S A FAIR ASSESSMENT. I DO WANT TO ADD ONE CAVEAT. SO IF YOUR DEBT SERVICE IS X AND WE BRING IN MORE PFC REVENUE THAN X, WE CAN ONLY UTILIZE FCS TO PAY OFF THE DEBT SERVICE. WE COULD IT WOULD NOT BE AN ADDITIONAL REVENUE SOURCE ON TOP OF THAT. BUT HOPEFULLY IN THE VERY NEAR FUTURE IT WOULD PAY FOR ITSELF. BUT I DON'T WANT ANYONE TO THINK THERE'S AN EXPECTATION THAT THERE WOULD BE EXCESS REVENUES COMING OFF THE FCS ABOVE AND BEYOND THE DEBT SERVICE THAT EACH OF THE [02:15:02] ENTITIES ARE PROVIDING. RIGHT. I DIDN'T SAY THAT WE WOULD MAKE A PROFIT. I JUST DON'T WANT ANYONE TO THINK THAT THERE'S A PROFIT CENTER COMING FROM THAT QUESTION ON THAT, THOUGH. BARRY. YES, SIR. I GET PFC IS PAYING OFF DEBT. IS IT ABLE TO PAY OFF RETROACTIVE DEBT FOR EARLIER YEARS I.E WE PAID $1 MILLION IN DEBT SERVICE THE FIRST COUPLE OF YEARS THERE WERE NO FCS. YES. BUT THEN LATER I UNDERSTAND ARE IN EXCESS OF THE ANNUAL DEBT SERVICE SO IT CAN GO BACK AND ACTUALLY PAY EVERYTHING THAT WE IT WOULD BE THE WAY THEY ARE STRUCTURED. THE FCS ARE THERE TO REIMBU RSE FOR THE COST OF CAPITAL IMPROVEMENTS FOR ELIGIBLE PROJECTS. SO FOR INSTANCE, WE COULD BE COST NEUTRAL ON THE ENTIRE DEBT SERVICE IF THE FCS COVER IT AT SOME POINT IN TIME. THAT IS CORRECT. OKAY, SO I'M SORRY, I JUST WANT TO CLARIFY THAT. SO WHAT YOU JUST SAID IS THAT WE COULD RECEIVE REIMBURSEMENT FOR THE INTEREST EXPENSE THAT WE HAVE ON OUR SALES TAX REVENUE BONDS IN THE FUTURE IS THAT SALES TAX REVENUE BONDS. SO WE'RE FLOATING THIS FOR THE FIRST TWO YEARS WITH REVENUE BONDS SALES TAX, REVENUE BONDS. WHAT I HEARD YOU ASKING IS CAN WE BE REIMBURSED FOR THE INTEREST COSTS OF THAT? IS THAT WHAT YOU WERE ASKING, AND IS THAT WHAT YOU WERE ANSWERING? YES. SO OKAY, I'LL REPHRASE THE QUESTION. YEAH. WE USED A TERM EARLIER. I WANT TO CLARIFY. CDC IS BEING ASKED TO GIVE TO ISSUE BONDS FOR AN EXPECTED TWO YEAR PERIOD OF TIME. OKAY, POSSIBLY LONGER, BUT THAT'S ANTICIPATED RIGHT NOW. I'M GOING TO CALL THAT A BRIDGE. RIGHT. THAT'S OUR BRIDGE LOAN OKAY. THEN IT SWITCHES OVER TO TIFIA, WHICH ESSENTIALLY GETS US A LOWER INTEREST RATE. OKAY. AND THEN WE START HAVING DEBT SERVICE ON THAT FOR PRINCIPAL AND INTEREST FOR A 30 YEAR PERIOD. GREAT. DURING THAT FIRST COUPLE OF YEARS, WE ACCUMULATED INTEREST ONLY DEBT PAYMENTS THAT WE HAVE TO APPROXIMATELY $1 MILLION A YEAR. OKAY. THAT'S TWO YEARS. THEN WE GET TIFIA AND WE HAVE PRINCIPAL AND INTEREST IN DEBT SERVICE ASSOCIATED WITH THAT. WE GET PFC COMING IN. WE GET A PERCENT OF THAT. DOES THOSE DO THOSE PIECES ONLY PAY FOR THE TIFIA OR DO THEY ALSO GET TO COVER THIS FIRST COUPLE OF MILLION? SO YOU'RE GETTING A LITTLE NUANCED AND I'M A LITTLE OVER I'M THAT'S SOMETHING I'M GOING TO HAVE TO RESEARCH FOR YOU. YES. SO YEAH BECAUSE IT'S AN INTEREST ONLY LOAN THAT'S BEING PAID. IS THAT INTEREST REIMBURSABLE THAT I'M GOING TO GET BACK TO YOU ON. BECAUSE DOES THAT ANSWER A LITTLE MORE NUANCED THAN THAT? THE QUESTION YOU'RE TRYING. THAT'S EXACTLY THE QUESTION I WAS ASKING. I'M JUST TRYING TO REPHRASE HIS QUESTION. SO THAT'S THAT MAKES MORE SENSE. SO LIKE I SAID, IT'S INTENDED TO REIMBURSE THE ENTITY FOR THE COST OF THE CAPITAL IMPROVEMENTS. AND I WAS THINKING YEAR ONE, WHEN WE'RE ONLY BRINGING IN $500,000, BUT YOUR PRINCIPAL PAYMENTS MAY BE ALREADY BEING MADE THAT ARE ABOVE THAT. SO A LITTLE NUANCE. I WILL GET SOME INFORMATION FOR THE BOARD FOR OUR NEXT CONVERSATION ON THIS. AND BY THE TIME WE VOTE, WILL THIS BE NAILED DOWN AS FAR AS THE PERCENTAGE YOU'VE GOT THOSE DETAILS BY BY NEXT MONTH? YES, WE WILL HAVE THAT PERCENTAGE. AND LIKE I SAID, I DID SOME PRELIMINARY NUMBERS. I BELIEVE IT WAS LIKE 57% OF THE ELIGIBLE COSTS ARE BEING PAID BY THE CDC, 57 TO 60%. AND BARRY, IF THIS REALLY TAKES OFF AND THE PASSENGER FACILITY CHARGES AT A CERTAIN POINT TEN YEARS DOWN THE LINE, FAR EXCEED THE DEBT RELATED COSTS FOR THE CAPITAL IMPROVEMENT, SEEING AS HOW THOSE FCS CAN ONLY PAY FOR DEBT RELATED COSTS. WHAT IF THEY JUST EXCEED THE DEBT? WHAT HAPPENS TO THE EXCESS PFC MONEY? IF KIDS JOINED US YET MY AIRPORT DIRECTOR HAD TO STEP OUT FOR A CALL. SO WE IF HE COMES IN, WE WILL ASK HIM THAT QUESTION. I BELIEVE THEY ARE ONLY ELIGIBLE UP UNTIL YOU REIMBURSE FOR THE CAPITAL COSTS. AS SUCH, TIME YOU EITHER HAVE FURTHER CAPITAL COSTS FROM EXPANSIONS, OR YOU CEASE TO BE ELIGIBLE TO ISSUE FCS. OKAY, BUT I WILL VERIFY THAT WITH KEN WHEN HE COMES IN. AGAIN, THIS IS A PUBLIC HEARING. IS THERE ANYONE TO SPEAK TO THIS PUBLIC HEARING AGENDA? I HAVE ONE LAST QUESTION, JUST TO CLARIFY FOR THE PUBLIC. SO I CAN IMAGINE SOMEBODY NOT VERSED IN THE NUANCES OF ALL OF THIS FINANCING. WHAT IS A PLAIN LANGUAGE? ANSWER TO THE QUESTION, WHAT'S THE DIFFERENCE BETWEEN MCDC GIVING $30 MILLION JUST OUTRIGHT AND A $30 MILLION BOND? SO A $30 MILLION GRANT, WHERE THE CDC JUST SAYS WE HAVE $30 MILLION. HERE YOU GO. THAT WOULD REDUCE YOUR FUND BALANCE BY $30 MILLION. A $30 MILLION [02:20:02] BOND IS THE ISSUANCE OF DEBT THAT COMES WITH ANNUAL PAYMENTS FOR THAT DEBT SERVICE. SO INSTEAD OF $30 MILLION COMING OUT OF YOUR ACCOUNT IN YEAR ONE, THE FIRST YEAR MAY BE A PAYMENT INTEREST ONLY OF $1 MILLION. SO YOUR FUND BALANCE OR YOUR YOUR BANK ACCOUNT, SO TO SPEAK, IS ONLY REDUCED BY $1 MILLION THAT FIRST YEAR. NOW, JUST LIKE A HOME LOAN, IT'S OVER A LONG PERIOD OF TIME AND YOU END UP PAYING INTEREST ON THAT THROUGHOUT. IF IT GOES TO MATURITY. BUT THE DIFFERENCE IS A GRANT WOULD DEPLETE YOUR FUND BALANCE BY $30 MILLION YEAR ONE THAT YOU WOULD THEN REPLENISH WITH REVENUES MOVING FORWARD, AND THE BOND SPREADS OUT THE COST OF CAPITAL OVER THE 30 YEAR PERIOD OF A LOAN. OKAY. BUT IN THIS CASE, WE'RE ONLY TALKING ABOUT THE TWO YEARS TO GET US TO THE TIFIA. RIGHT. SO THE INTERIM FINANCING AND DAVE, I'M GOING TO LET HIM COME AND TALK ABOUT THE NUANCES OF THE FINANCING. BUT ESSENTIALLY IT'S A SHORTER TERM BOND THAT WOULD HAVE A HIGHER PRINCIPAL IF IT WERE TO CONTINUE FOR THE ENTIRE PERIOD OF THAT. IT WILL BE STRUCTURED SO THAT YOU'RE PAYING INTEREST ONLY BECAUSE WE PLAN ON BASICALLY BUYING OUT THAT THAT DEBT WITH THE TIFIA LOAN. SO I'M GOING TO HAVE DAVE GORDON COME TO THE MICROPHONE. THANK YOU BARRY. AGAIN I'M DAVE GORDON WITH ESTRADA HINOJOSA. WE'RE A FINANCIAL ADVISOR TO THE CITY. AS HAS BEEN DISCUSSED. THE OBJECTIVE HERE IS TO BASICALLY USE THE TIFIA LOAN AS THE LONG TERM FINANCING INSTRUMENT. IN THE INTERIM, WE WOULD DO A PRIVATE PLACEMENT WITH A BANK THAT WOULD BASICALLY BE A SHORT A LOAN THAT HAD A SHORTER DURATION. IT WOULD IT WOULD BE PRESUMABLY BE AT A MUCH HIGHER RATE THAN THE TIFIA LOAN, WHICH IS OBVIOUSLY THE GOAL FOR, FOR DOING THE TIFFANY LOAN IN THE FIRST PLACE, IS THAT YOU'RE GOING TO GET HALF OF THE APPROXIMATELY US TREASURY RATE FOR THE 30 YEAR RIGHT NOW. SO YOU'D BE DOING THAT WITH A, LET'S CALL IT 2.5% OR UNDER 2.5%, WHEREAS PREVAILING RATES RIGHT NOW FOR A TAXABLE INSTRUMENT LIKE THIS IS GOING TO BE SOMEWHERE CLOSER TO BETWEEN FIVE AND A HALF TO 6.5%. SO THE IDEA IS THAT WE WOULD ISSUE THE DEBT WITH INTEREST ONLY PAYMENTS FOR SEVERAL YEARS, WITH A SHORT CALL EITHER CALLABLE AT ANY TIME UP TO, LET'S SAY, TWO YEARS, AND THEN YOU WOULD ISSUE THAT DEBT AND THEN YOU WOULD GO AND REFINANCE THAT WITH THE TIFIA LOAN ONCE IT WAS COMPLETED. THERE'S A NUMBER OF DIFFERENT WAYS TO GO TO THE T MARKET. THE CDC CURRENTLY HAS ONE SERIES OF OUTSTANDING DEBT, THE 2015 BONDS THAT ARE RATED AA MINUS. SO TO GO TO THE MARKET, YOU COULD YOU COULD DO A PUBLIC SALE, WHICH WOULD BE IF YOU HAD A LONGER TERM OBLIGATION, IT'S MOST LIKELY WE WOULD DO A PUBLIC SALE. BUT FOR SOMETHING LIKE THIS WHERE WE WANT THAT SHORT CALL, WHICH IS ONE OF THE MAIN GOALS OF THAT, WE WOULD DO THE PRIVATE PLACEMENT WITH THE BANK. SO THAT'S KIND OF THE OVERALL OBJECTIVE, I'M SORRY, PRIVATE PLACEMENT WITH THE BANK. RIGHT. SO AGAIN SO IF YOU AND REALLY WHEN YOU LOOK AT THE TIFIA LOAN, IT'S REALLY IT'S STILL GOING TO BE BASICALLY A SALES TAX REVENUE BOND. IT'S JUST THE IT'S GOING TO BE IN THE FORM OF A TIFIA LOAN. SO YOU HAVE YOU HAVE THE ABILITY TO ISSUE DIFFERENT TYPES OF REVENUE BONDS WITH DIFFERENT DURATIONS, YOU KNOW, THINGS OF THAT NATURE. YOU COULD DO A PUBLIC SALE OF A SALES TAX REVENUE BOND, OR YOU COULD DO A PRIVATE PLACEMENT WITH A BANK, WHICH IS VERY COMMON. AND THE CITY AND THE EDC AND THE AND THE CDC HAVE DONE THOSE TYPES OF INSTRUMENTS BEFORE. SO WE WOULD WHAT WE WOULD DO. AND BARRY WENT OVER THE SCHEDULE BRIEFLY. THE IDEA IS THAT WE WOULD PREPARE AN RFP TO SEND OUT TO BANKS THAT WOULD GO OUT SOMEWHERE AROUND MIDDLE OF FEBRUARY. WE WOULD RECEIVE THE BIDS BACK IN THE MIDDLE OF MARCH. AND THEN, AS BARRY MENTIONED, THERE WOULD BE A JOINT MEETING BETWEEN THE CDC AND THE CITY AS WELL AS THE EDC TO APPROVE THAT ON MARCH 18TH. AND THEN WE WOULD CLOSE ON ON APRIL 15TH. THANK YOU, DAVE, FOR THAT ADDITIONAL. TRANSPARENCY. RIGHT. YOU HAVE QUESTIONS. GO AHEAD. I WANT TO COME BACK TO SOMETHING IN A MINUTE. YEAH. SO I JUST WANT TO KEEP DIGGING IN ON THE FINANCES. AND THE REASON I'M DOING THIS IS NOT BECAUSE I AM PERSONALLY OPPOSED TO THIS AT ALL. I WANT TO BE CLEAR ABOUT THAT. I WANT TO HASH THIS OUT AND GET IT ALL OUT THERE FOR THE PUBLIC. THERE HAS BEEN A VERY LONG AND ONGOING PUBLIC DISCUSSION ABOUT THIS IN MCKINNEY, AND I THINK IT'S GOOD TO GET IT ALL OUT ON THE TABLE. SO THAT'S WHERE I'M COMING FROM WITH THIS. AND NOW WITH THAT PREAMBLE, I FORGOT MY QUESTION. SO WE ARE DANG IT, COME BACK TO YOU AND YOU CAN COME BACK. YEAH. OKAY. NO. DANG IT. SO IT'S BEEN A LONG MEETING, DAVID. IT'S OKAY. ON ON JOY'S QUESTION [02:25:02] BECAUSE I THINK IT'S WORTH MAKING SURE WE GET THIS CLEARLY STATED OUT THERE. RIGHT. SO WHY WE'RE ISSUING BONDS, RIGHT WHERE YOU'RE TALKING ABOUT FUND BALANCE. BUT EARLIER, BARRY, YOU PRESENTED 26 MILLION IN REVENUE FOR CDC. AND, I DON'T KNOW, SOMETHING LIKE 20 MILLION IN EXPENSES LAST YEAR, IF WE DID A GRANT, THEN THAT'S MORE THAN AN ENTIRE YEAR OF CDC FUNDS. AND SO IT COULD BE YOU COULD EASILY HAVE CONCERN THAT PEOPLE WOULD SAY, HEY, THAT JUST USED ALL OF THE FUNDS FOR MORE THAN A YEAR ON THE. AIR. AND THAT I WOULD UNDERSTAND THAT STATEMENT. WE'RE NOT DOING THAT. WHAT WHAT YOU'RE ASKING US TO DO IS TO ISSUE A BOND THAT WILL HAVE SOME AMOUNT OF DEBT SERVICE. AND I'M SORRY, I DON'T KNOW THE EXACT NUMBER, BUT CALL IT A MILLION A YEAR, I THINK, FOR INTEREST ONLY. THAT'S A WELL, LET'S CALL IT LET'S CALL IT MORE LIKE A MILLION AND A HALF, 2.5 MILLION AND A HALF FOR INTEREST ONLY DEBT SERVICE FOR THE FIRST COUPLE OF YEARS. AND THAT DOES THAT'S AN ANNUAL OUT OF THAT. SO STILL GIVING CDC THE 93% OF OUR TOTAL ANNUAL BUDGET TO CONTINUE TO DO PROJECTS WITH TO CONTINUE TO DO THE WORK OF THE CDC. AND SO THAT'S WHY WE'RE GOING THE ROUTE OF A DEBT SERVICE OR A DEBT. PLUS IT'S THEN BACKED BY A CHEAPER LOAN, WHICH WE'RE GOING TO REPLACE WITH THE TIFIA LOAN, WHICH IS FINANCIALLY ADVANTAGEOUS THERE. AND EVEN THAT THEN CAN BE PAID BACK WITH THE FCS. SO THAT'S WHAT WE'RE DOING INSTEAD OF A GRANT, WHICH WOULD TAKE IT ALL OUT OF THE FUNDS. AND AS SOON AS YOU GRANT BASED ON OUR ACCOUNTING, WE HAVE TO SUBTRACT IT ALL RIGHT AWAY. AND IT IT DOESN'T ALLOW IT TO BE AVAILABLE FOR OTHER THINGS. BARRY. IS THAT ACCURATE? YES, THAT IS ACCURATE. AND THAT IS THAT IS THE REASON WE, WE ISSUE BONDS FOR A NUMBER OF THINGS ON THE MUNICIPAL LEVEL. SO LARGE CAPITAL IMPROVEMENTS ARE FUNDED OVER TIME VERSUS A SINGLE HIT ON YOUR BUDGET. AND IT ALLOWS US TO DIVERSIFY. IS IT BACK? IT'S BACK. YES. SORRY. SO BUT IT ALLOWS US TO DIVERSIFY OUR, YOU KNOW KEEP IT THERE. SO GO AHEAD. DID YOU FORGET ALREADY. NO I'M GOOD I REMEMBERED. SO WITH ANY FINANCIAL TRANSACTION THERE ARE RISKS INVOLVED. RIGHT. AND THIS CORPORATION IS TAKING RISKS TO, TO DO THIS. ONE OF THE RISKS THAT YOU MENTIONED WAS THAT REVENUES MAY NOT BE WHAT THEY ARE EXPECTED TO BE, OR WHAT WE ARE PROJECTING THEM TO BE, AND THE FCS COMING IN MAY NOT BE AS LARGE AS AS THEY'RE PROJECTED. ANOTHER RISK THAT I WOULD EXPECT IS THATIA DOESN'T GET APPROVED. IS THAT A FAIR RISK TO ASSUME? WHAT IS THE RISK OF THE TIFIA NOT GETTING APPROVED AND US HAVING TO CARRY THE REVENUE BONDS AT A MUCH HIGHER INTEREST RATE FOR A VERY LONG PERIOD OF TIME. SO IF FOR WHATEVER REASON, WHETHER, LET'S SAY, THE TIFIA PROGRAM JUST WENT AWAY OR WE CHOSE NOT TO ACCEPT THE TIFIA LOAN FOR WHATEVER REASON, THE TERMS, I DON'T FORESEE THAT HAPPENING. BUT LET'S JUST SAY TIFIA IS NOT ON THE TABLE. I'M GOING TO LET DAVE TALK ABOUT WHAT ACTIONS WE WOULD TAKE AT THAT POINT, BECAUSE THE SHORT TERM KIND OF BRIDGE BOND THAT WE'RE ISSUING HERE ARE NOT PROBABLY THE TERMS WE WOULD WANT TO CONTINUE WITH. AND SO THERE ARE OTHER OPTIONS. AND I'LL LET DAVE SPEAK TO THAT. SO, SO TO KIND OF WEAVE IN THE QUESTION WITH REGARD TO THE REVENUE AVAILABLE AFTER DEBT SERVICE. SO THIS YEAR YOU'RE ON TRACK TO HAVE ABOUT ALMOST $25 MILLION IN REVENUE, AS WE TALKED ABOUT. YOU'RE GOING TO PAY INTEREST ONLY FOR A PERIOD OF TIME. BUT JUST LIKE IF YOU WERE GOING TO FINANCE, LET'S SAY YOU WERE GOING TO BUY $100,000 HOUSE, YOU'RE NOT GOING TO PAY $100,000 THAT ONE YEAR. YOU'RE YOU'RE GOING TO FINANCE IT OVER TIME. SO THIS IS THE SAME CONCEPT HERE. SO EVEN IF WE HAVE THE MILLION AND A HALF OF INTEREST ONLY FOR THE FIRST COUPLE OF YEARS, YOU'VE GOT SIGNIFICANT REVENUE AFTER YOU PAY THAT INTEREST PAYMENT TO DO OTHER TYPES OF PROJECTS. SO WITH REGARD TO THE REFINANCING OF THE INTERIM LOAN, AGAIN, THE PURPOSE OF THAT IS BECAUSE WE FIRST OF ALL, YOU WANT TO GET THE PROJECT GOING, THINGS OF THAT NATURE. BUT OBVIOUSLY IT'S VERY ATTRACTIVE. IF YOU DO INDEED GET THE LOAN, THAT RATE WOULD BE VERY ATTRACTIVE. BUT IF WE DON'T GET THE TIFIA LOAN, THEN WE WOULD REFINANCE IN A IN A PUBLIC SALE. SO I MENTIONED BEFORE THAT WE'RE YOU KNOW, WE'RE LOOKING AT DOING A PRIVATE PLACEMENT. ANOTHER REASON TO DO A PRIVATE PLACEMENT HERE IS BECAUSE OF THE SHORTER DURATION OF THE DEBT. MANY BANKS WOULD NOT WANT TO GO BEYOND, SAY, 10 OR 12 YEARS IN TERMS OF HOW LONG THEY WOULD DO A FIXED RATE LOAN. BUT THE CAPITAL MARKETS ARE USED TO SEEING THAT ALL THE TIME. I MEAN, IT'S VERY COMMON TO ISSUE 30 YEAR DEBT IN THE CAPITAL MARKETS. AND SO THAT'S WHAT WE WOULD DO. WE WOULD REFINANCE IT IN THE PUBLIC DEBT MARKETS IF WE WERE LUCKY. RATES WILL HAVE GONE DOWN, YOU KNOW, BY THEN. BUT [02:30:02] OTHERWISE THAT RATE INSTEAD OF LET'S CALL IT 2.5% TODAY AT THE ONE HALF OF THE TIFIA LOAN, THIS RATE WOULD PROBABLY BE MORE LIKE 5 TO 6%. SOMEWHERE IN THAT NEIGHBORHOOD. JUST BASED IN THE CURRENT ENVIRONMENT. AGAIN, THE 30 YEAR TREASURY, THE YIELD CURVE IS PRETTY FLAT RIGHT NOW. SO IF YOU LOOK AT A ONE YEAR MATURITY, YOU KNOW, WE'RE TALKING ABOUT IN TERMS OF THE US TREASURY RATE, WE'RE TALKING ABOUT A APPROXIMATELY 4.4% RATE. AND THE 30 YEAR TREASURY IS AT ABOUT A 4.8%. SO IT'S A PRETTY FLAT YIELD CURVE. THE OTHER THING IS THAT PORTIONS OF THIS, IF WE DID THAT LONGER TERM DEBT, MIGHT ACTUALLY BE ELIGIBLE FOR TAX EXEMPT FINANCING, WHICH WOULD BRING DOWN THE RATES CONSIDERABLY AS WELL. THE TIFF ALONE IS A TAXABLE LOAN, EVEN THOUGH IT'S A VERY LOW INTEREST RATE ENVIRONMENT, AND PARTICULARLY AT THE HALF OF THE TIFIA LOAN RATE BECAUSE OF THE RURAL PROJECT DESIGNATION. BUT IF YOU WERE TO GO INTO THE PUBLIC BOND MARKETS, WE WOULD LOOK AT DOING PORTIONS OF THAT DEPENDING UPON THE ULTIMATE USE OF THE PROJECTS AS TAX EXEMPT DEBT. OKAY, SO IF THE TIFIA DOESN'T COME THROUGH, THEN WE WILL WE'LL REFINANCE THE SHORT TERM BONDS WE'RE GOING TO ISSUE THROUGH PRIVATE SALE. AND WE ARE GOING TO PAY MORE INTEREST ON THOSE BONDS IN THE LONG TERM THAN IF THE TIFIA LOAN WERE THERE. AND SO THERE'S A RISK THAT THIS WILL BE MORE EXPENSIVE THAN WE'RE THINKING IT MAY BE RIGHT NOW. SO THANK YOU FOR ANSWERING THAT PART. CAN WE ASSESS WHAT WE BELIEVE THE RISK OF NOT GETTING THE TIFIA IS ALL OF THOSE. AS BARRY SAID, FOR WHATEVER REASON, CAN WE ASSESS FOR WHATEVER REASONS, POSSIBILITY. SO WE'VE BEEN WORKING WITH THE BUILD AMERICA BUREAU FOR QUITE SOME TIME ON THIS. THEY ONE OF THE INTERESTING THINGS ABOUT THE TIFIA LOAN IS THEY JUST RECENTLY MADE IT ELIGIBLE FOR AVIATION PROJECTS. IN THE LAST SEVERAL YEARS, THEY HAVE COMPLETED THEIR FIRST AIRPORT LOAN WITH SACRAMENTO, CALIFORNIA, AND WE FEEL LIKE WE AND SPEAKING WITH THE BUILD AMERICA BUREAU, WE FEEL LIKE WE QUALIFY FOR WHAT THEY WHAT THEY ARE OFFERING. IT'S MORE A PROCESS YOU GO THROUGH FOR CREDIT WORTHINESS. BUT GIVEN THE REVENUE SOURCE OF THE SALES TAX, WE'RE VERY COMFORTABLE THAT IT WILL BE APPROVED. HOWEVER, WE ARE IN A TURBULENT POLITICAL ENVIRONMENT AND THERE ARE CHANGES UNDERWAY OVER THE PAST WEEK OR SO, AND YOU JUST NEVER KNOW WHAT THE NEW ADMINISTRATION WILL DO WITH THE FEDERAL PROGRAM. SO IS THERE RISK? IS THERE A PERCENTAGE I COULD PUT ON IT? NO, BUT THINGS HAPPEN. AND IF THEY WERE TO HAPPEN, WE HAVE THE PLAN TO REFINANCE TO. WE WOULD NOT GET THE GREAT INTEREST RATE, BUT WE WOULD REFINANCE OUT TO A 30 YEAR. SO IT WOULD LEVEL YOUR YOUR PAYMENTS SO YOU WOULDN'T HAVE THAT BALLOON PAYMENT THAT YOU HAVE UNDER THE TEN YEAR FINANCING THAT DAVE SPOKE OF. I HAVE A QUESTION. DID YOU HAVE ONE? I DON'T I DON'T BELIEVE WE'VE SPOKEN ABOUT THIS BEFORE, BUT SOMETHING THAT'S BEEN ON MY MIND IS EVENTUALLY THERE'S GOING TO BE SALES TAX GENERATED FROM PASSENGER PURCHASES AT THE AIRPORT, MAGAZINES, FOOD, ETC. THE PORTION OF THOSE SALES TAX THAT MQDC WOULD COLLECT, WILL THEY REMAIN IN A CARVE OUT SUCH THAT THEY'LL REIMBURSE FOR THE AIRPORT RELATED EXPENSES, OR WILL THEY JUST GO INTO OUR LARGER POT? COULD THEY REMAIN IN A CARVE OUT SO WE COULD KIND OF SEE THE LINE OF PAYING OURSELVES BACK? THEY THEY WOULD NOT AUTOMATICALLY. SO SALES TAX GENERATED AT THE AIRPORT OR FROM THE AIRPORT. SO PEOPLE WHO TRAVEL HERE AND SPEND THEIR DOLLARS IN OUR MARKET AND INCREASE OUR OVERALL SALES TAX REVENUE FOR THE MCDC, THEY WOULDN'T AUTOMATICALLY BE CARVED OUT. THERE COULD BE A WAY TO TRACK THAT AND REPORT ON THAT. SO YOU WOULD KNOW WHAT THE IMPACT IS. NOW. IT'S DIFFICULT. AND IF CHANCE IS STILL AROUND, MAYBE MARK HOLLOWAY CAN SPEAK ON THIS. WE CAN GET REPORTS FROM THE COMPTROLLER THAT KIND OF DETAIL OUR SALES TAX REVENUES AND WHERE THEY CAME FROM. IT'S VERY DIFFICULT TO REALLY SEGMENT DOWN TO A SMALL ENTITY LIKE THE AIRPORT AND SAY, THESE ARE OUR TAXES FROM THAT ENTITY. THEN I'LL LET MARK TOUCH ON THAT. WELL, WE DO TRACK SALES TAX DOWN TO THAT LEVEL. SOME WE CAN SHARE, SOME WE CAN. WE CAN'T BECAUSE OF CONFIDENTIALITY. WE WOULD BE ABLE TO CARVE OUT AND SEE WHAT IMPACT THE AIRPORT IS MAKING. BUT ALSO I WOULD LIKE TO REMIND EVERYBODY THAT THE AIRPORT WOULD BE INTERS TWO. SO THAT SALES TAX INCREMENT REMAINS IN THE TERS, BUT NOT BUT NOT FOR YOUR SALES TAX, BUT FOR THE GENERAL SALES TAX OF THE CITY. YOU WOULD YOU WOULD SEE THAT PORTION STAYS IN THE TERS. BUT FOR THE CDC AND THE EDC, YOU WOULD BE ABLE TO TRACK EXACTLY WHAT THE AIRPORT IS PROVIDING. [02:35:02] OR WE CAN GET IT DOWN TO SOME, SOME EXTENT, SHOW YOU WHAT, WHAT THE IMPACT IS. AND THEN IT WOULD BE OUR PREROGATIVE AS A BOARD IF WE WANTED TO KIND OF JUST EARMARK THAT INCOME FOR DEBT SERVICE. I WOULD HAVE TO LOOK INTO THAT. YEAH. YEAH, WE WOULD HAVE TO, TO ACTUALLY SEE HOW HOW WELL WE CAN SEGMENT THAT OUT WITH WITHOUT ANY BREACHING, ANY CONFIDENTIALITY. IT SEEMS LIKE THE OTHER THING THAT WE WOULD MISS, IF YOU'RE TRYING TO IDENTIFY THE FULL IMPACT OF THE AIRPORT, IS WHAT THOSE PASSENGERS ARE SPENDING THROUGHOUT MCKINNEY, AND NOT NECESSARILY. YEAH. AND I KNOW THAT THERE WILL BE A REALIZATION OF THE FULL IMPACT TO MCKINNEY. I'M JUST TRYING TO FIGURE OUT, LIKE WE'RE BASICALLY LETTING MONEY, RIGHT. AND WE HAVE TO PAY IT BACK THROUGH THIS, YOU KNOW, PASSENGER FACILITY CHARGE AND OTHER MEANS OVER TIME. SO IF THERE WAS LIKE A DEDICATED REVENUE STREAM, LET'S JUST CALL IT A MILLION A YEAR GENERATED THROUGH THE SALES TAX THAT COMES TO MCDC. COULD WE JUST SAY, OKAY, THAT COMES IN AND IT GOES RIGHT TO DEBT SERVICE? I YEAH, IT SEEMS LIKE MARK CAN, 21 DEGREES OR ANOTHER WITH SOME LEVEL OF GRANULARITY, TRACK A SINGLE TAXPAYER. I THINK THE IMPACT OF THAT SINGLE INDIVIDUAL TAXPAYER IS GOING TO BE WAY SMALLE R THAN $1 MILLION A YEAR ON AN INDIVIDUAL TAXPAYER. I'M TALKING ABOUT, LIKE ANY, ANY, ANY MONEY SPENT AT THE AIRPORT IS GOING TO GENERATE SALES TAX REVENUE FOR THE CITY OF MCKINNEY. AND SO, YEAH, THAT IS AN INDIVIDUAL TAXPAYER. SO THE AIRPORT WOULD BE THAT INDIVIDUAL ENTITY REMITTING SALES TAX TO, TO THE CITY AND TO THE CDC OR, YOU KNOW, ALL OF THE SMALL COMPANIES THAT HAVE CONCESSIONS THERE. IT WE MAY BE ABLE TO TRACK THAT. BUT JUST FROM THE AIRPORT ITSELF, IT'S NOT GOING TO BE SIGNIFICANT. I WOULD EXPECT DESIGNATING THAT IMPACT. I THINK THE PASSENGER FEES THAT BARRY'S BEEN TALKING ABOUT ARE GOING TO BE MUCH MORE SIGNIFICANT TOWARDS PAYING BACK, AND THE ECONOMIC DEVELOPMENT OVERALL. ABSOLUTELY. OBVIOUSLY, IS THE IS THE REASON WE'RE DOING THIS. BUT THAT'S THAT'S GOING TO RAISE ALL BOATS. YEAH. I, I GET WHAT YOU'RE SAYING, JOY. AND I THINK I WOULD BE SUPPORTIVE OF DEDICATING THE SALES TAX REVENUE THAT WE GET FROM THE AIRPORT TO THE DEBT SERVICE ON THE AIRPORT. IT'S JUST NOT GOING TO BE A HUGE CHUNK. IT'S IT'D BE HARD TO TRACK. IT'S GOING TO BE A SMALL OPERATION, ESPECIALLY WITH THE ENTITIES THAT WILL BE GENERATING SALES TAX. IT'S NOT A LARGE RETAIL AREA, IT'S JUST A FEW BUSINESSES. SO WATCHING AND BEING VERY CAREFUL WITH THE CONFIDENTIALITY, ANYTIME WE'RE SIGNALING WHAT WE'RE DOING AND PUTTING DIRECTLY TOWARDS THAT AND BREAKING THAT OUT MIGHT BE BE DIFFICULT, BUT WE CAN CERTAINLY LOOK INTO TO SEEING WHAT THAT IMPACT IS. I CAN PROBABLY GIVE YOU A JUST ROUGH NUMBERS AT THE TOP OF MY HEAD, AND FORGIVE ME IF MY MATH IS WRONG, BUT IF WE HAD 130,000 PASSENGERS THE FIRST YEAR, LET'S ASSUME ALL OF THEM AVERAGED $10 JUST FOR EASY MATH AND PURCHASES. SO YOU'RE LOOKING AT WHAT, $1.3 MILLION IN PURCHASES, OF WHICH YOU GET 1% OF THAT? YEAH, HALF OF 1%. SO $7,000. YEAH. IT'S NOTHING. THE AIRPORT ALONE DOESN'T GENERATE A LOT OF SALES AND WE GET HALF OF A HALF. LET'S BE CLEAR BECAUSE YEAH, IT'S JUST THE REALITY IS THAT'S NEW MONEY AND WE GET HALF OF OUR NEW MONEY. RIGHT. AND SO IT WOULD BE PRETTY SMALL. WHERE ARE WE GETTING HALF OF THE NEW MONEY BECAUSE OF ROAD MANAGEMENT. ROAD MANAGEMENT. OH THE ROAD MANAGEMENT. RIGHT. OKAY. ANY ADDITIONAL QUESTIONS. THIS HAS BEEN A VERY ROBUST CONVERSATION. AND OF COURSE FOR THE MUCH NEEDED BECAUSE I KNOW THERE'S BEEN A LOT OF DISCUSSION. IF THERE ARE ADDITIONAL QUESTIONS, WE WILL GET THOSE TO YOU AND YOUR TEAM. PLEASE FORWARD THOSE TO US AND WE WILL CONTINUE TO SEND THEM TO CINDY SO SHE CAN THEN SHARE IT. TO THAT END, MADAM CHAIR, THIS IS AND DESERVES TO BE A VERY ROBUST PUBLIC CONVERSATION. I'M FRANKLY SHOCKED THAT THERE AREN'T. I'M SHOCKED AND YET NOT SHOCKED THAT THERE ARE NOT PUBLIC COMMENTS TODAY. GIVEN ALL OF THE DISCOURSE AND COVERAGE OF THIS AND CONVERSATIONS AT COUNCIL MEETINGS. HAVING SAID ALL THAT, BECAUSE IT IS IMPORTANT THAT WE HAVE QUESTIONS. IF THE BOARD HAS THEM, I'D LIKE TO PROPOSE THAT WE JUST HOLD THE PUBLIC HEARING OPEN UNTIL NEXT MONTH. OKAY. CAN I GET A MOTION TO KEEP THE PUBLIC HEARING OPEN? YOU DON'T HAVE TO. JUST LEAVE IT OPEN. WE'RE JUST LEAVING IT OPEN. WE'RE NOT. NO MOTION REQUIRED. THANK YOU. THANK YOU SO MUCH. [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Cannon Development Company Texas, LLC (4B 25-07) in an Amount of Four Million and NO/100 Dollars ($4,000,000.00) for Infrastructure Improvements to Land Located at the Northeast Intersection of State Highway 121 and Stacy Road in McKinney, Texas in Preparation for the Construction of Cannon Beach, a Mixed-Use Adventure Entertainment Destination.] THANK YOU. OKAY. THE PUBLIC HEARING REMAINS OPEN. NEXT ITEM, WE HAVE 25 DASH 2378. CONDUCT A PUBLIC HEARING TO CONSIDER, DISCUSS, ACT ON A PROJECT GRANT APPLICATION BY CANYON DEVELOPMENT COMPANY, TEXAS, LLC OR B 2507, IN THE AMOUNT OF $4 MILLION FOR THE INFRASTRUCTURE [02:40:05] IMPROVEMENTS TO LAND LOCATED ON NORTHEAST INTERSECTION OF STATE HIGHWAY 121 AND STACY ROAD IN MCKINNEY, TEXAS, IN PREPARATION FOR THE CONSTRUCTION OF CANNON BEACH MIXED USE ADVENTURE ENTERTAINMENT DESTINATION. YOU ARE NOT CANNON, YOU'RE NOT CANNON. NOT NEARLY THAT GOOD LOOKING. NO, NOT AT ALL. FAIR ENOUGH. YEAH. SO, MR. CASTLE. YEAH. THANK YOU. MICHAEL KOSKI, PRESIDENT AND CEO OF THE MEDC. I LOVE THE KIND OF KICK OFF THE CONVERSATION HERE BEFORE MR. CANNON COMES UP AND HIGHLIGHTS THE PROJECT. AS A REMINDER, THESE ARE THE PUBLIC RENDERINGS FOR CANNON BEACH, LOCATED RIGHT DOWN THE STREET FROM THE AMPHITHEATER PROJECT. SO ONCE AGAIN ACTIVATING THE MEDC LAND THAT WE ACQUIRED OVER THE PAST MANY YEARS, 34.5 ACRES. SO WEST OF WHAT WE CALL THE CREEK IS UNDER CONVERSATION RIGHT NOW. THE EAST HALF, 23.5 ACRES IS THE NEXT PHASE COMING LATER ON. SO TODAY IS ABOUT THE 34.5. AGAIN, AS A REMINDER, FOLKS, $200 MILLION INVESTMENT IN THE CITY OF MCKINNEY, 700 JOBS, 300,000 PEOPLE ENGAGING THAT PIECE OF PROPERTY. A HUGE WIN FOR ALL OF US. AND THIS ALIGNS WITH MCKINNEY EDC'S AGILE PILLARS. SO WE ADOPTED THIS YEAR. THESE FIVE PILLARS ATTRACT, GROW, INNOVATE, LEAD AND ENGAGE. WHY DOES THIS MATTER IN THIS CONVERSATION? BECAUSE UNDER ATTRACT WE AGREED TO DOVETAIL IN THE CITY COUNCIL'S MISSION TO GET MORE FAMILY ENTERTAINMENT, MORE MIXED USE AND MORE DESTINATION USES ALONG THE CORRIDOR. AND THIS CHECKS EVERY BOX IN THAT SENSE. AND A QUICK UPDATE ON THE STATUS. SO RIGHT NOW WE ARE OPERATING UNDER A LETTER OF INTENT. WE ANNOUNCED THE PROJECT IN DECEMBER 13TH. WE HAD AN UPDATE MEETING WITH MEDC THIS PAST TUESDAY. TODAY IS THE PUBLIC HEARING. IN FEBRUARY WE'LL HAVE A JOINT MEETING, EDC WITH CITY COUNCIL TO TALK MORE ABOUT THE DEAL, POINTS FOR THE FINAL AGREEMENT, AND THEN FINALLY PERMIT REVIEW. COMING UP. MR. CANNON WOULD LOVE TO BREAK GROUND AS SOON AS POSSIBLE. HE'S MOTIVATED AND HAS THE MEANS TO DO THAT. AND I'LL LEAVE YOU WITH THIS. I GET ASKED ALL THE TIME ABOUT WHAT'S THE PUBLIC IMPRESSIONS AND OUR SOCIAL MEDIA EDC'S SOCIAL MEDIA AND OUR ANNOUNCEMENTS. SO LUKE FROM MY TEAM PULLED THIS. SO WE ANNOUNCED THIS POST AND IT HAD 4444 IMPRESSIONS. AND YOU MAY ASK, WHAT DOES THAT MEAN. IS THAT GOOD AND BAD AND DIFFERENT? I SAID, WELL, PULL ME. THE 30 DAYS AFTER WE ANNOUNCED THE AMPHITHEATER, THE AMPHITHEATER HAD 1200 IMPRESSIONS. SO A4X INCREASE IN PUBLIC INTEREST IN THIS PROJECT. IT'S NOT A COMMENTARY ABOUT ONE BEING BETTER THAN THE OTHER, BUT I THINK IT SPEAKS TO HOW CREATIVE AND DIFFERENT AND SPECIAL THIS PROJECT IS. SO WITH THAT, I WILL TURN IT OVER TO MR. CANNON TO TALK ABOUT THE SPECIFICS. THANK YOU. MADAM CHAIR AND PRESIDENT, ESTEEMED MEMBERS OF THE COMMITTEE. GOOD TO BE WITH YOU TODAY. MY NAME IS COLE CANNON. SO IF WE HOW DO WE HIT PLAY? HERE WE GO. SO IT'S A FALSELY ACCREDITED SAYING BUT HENRY FORD IS QUOTED AS SAYING, IF I ASK PEOPLE WHAT THEY WANTED, THEY WOULD HAVE ASKED FOR FASTER HORSES. SO WHAT WE'RE BUILDING HERE IS PRESIDENT KOSKI MENTIONED SOMETHING REALLY UNIQUE AND THERE'S A LOT OF EXCITEMENT AROUND IT. WE'RE QUITE LITERALLY TRYING TO BRING A BEACH TO YOUR HOMETOWN HERE OF MCKINNEY, AND WE COULDN'T BE MORE EXCITED TO DO SO. IT WOULD BE. I WOULD BE REMISS IF I EMBARRASSED MY WIFE IF SHE WERE HERE TODAY. BUT YOU HAVE TO KNOW A LITTLE BIT ABOUT ME TO UNDERSTAND SORT OF THE VISION FOR THIS. SO I HAVE A WIFE WHO WILL NEVER SURF. OKAY, I HAVE LOTS. I HAVE SIX KIDS AND THEY RANGE FROM AGE 13 TO 5. SO THAT MEANS WHEN I GO TO PLACES, AMUSEMENT PARKS, WHICH I WON'T NAME, BUT I'LL CALL IT D LAND FOR CONFIDENTIALITY. MY OLDER KIDS ARE INCREDIBLY BORED ON THE LITTLE KID RIDES, AND MY LITTLE KIDS ARE REALLY SCARED OF THE BIG KID RIDES AND EVERYBODY'S SWEATY HOT. WE'RE SPENDING MONEY AND DARN IT, WE HAVE TO STAY HERE FOR 12 HOURS BECAUSE WE PAID $200 A PERSON, AND WE'RE GOING TO TOUGH IT OUT UNTIL WE SEE THE FIREWORKS, RIGHT? SO I WANTED TO CREATE AN ENVIRONMENT WHERE GRANDMA'S HAPPY. MY WIFE IS HAPPY ON THE BEACH, READING HER SOCIALS, READING HER NOVELS. DAD'S HAPPY SURFING. ALL THE KIDS HAVE SOMETHING TO DO IN A SAFE, CONTROLLED ENVIRONMENT. AND SO WHEN YOU THINK ABOUT THE BEACH, MY WIFE DOESN'T LOVE THE BEACH IN CALIFORNIA BECAUSE STINGRAYS, SHARKS, KIDNAPERS RIPTIDES. ALL THE THINGS ARE GOING TO HAPPEN TO ALL THE KIDS. AND THAT'S WHAT WE WANT TO AVOID HERE AT CANNON BEACH. RIGHT? AND SO WE TRY TO DESIGN A PARK. AND WHAT YOU'RE LOOKING AT HERE IS OUR ARIZONA LOCATION. THE ONLY REASON I SHARE THIS WITH YOU IS BECAUSE WE'RE ABOUT $115 MILLION INTO THIS PROJECT. LAST MONTH WE OPENED UP OUR SURF AND OUR BEACH. IT'S BEEN VERY POPULAR. EVEN IT ACTUALLY GETS COLD, BELIEVE IT OR NOT, IN PHOENIX. SO IT'S VERY COLD RIGHT NOW. BUT WE STILL HAVE LOTS OF SURFERS SHOWING UP AND LOTS OF BEACH GOERS SHOWING UP. WHAT'S UNIQUE IS THIS IS A 37 ACRE SITE, 39 IF YOU TAKE THE ROADWAYS AND HERE IN MCKINNEY, WE HAVE A AS PRESIDENT KOSKI MENTIONED, A 35 ACRE SITE SO VERY SIMILAR IN DIMENSIONALITY AND THINGS LIKE THAT. BUT AS IS TYPICAL OF TEXAS, WE WANT TO MAKE SURE EVERYTHING IS BIGGER OUT HERE. SO OUR LAGOON, WE WANT IT TO BE [02:45:04] 33% LARGER OR A THREE ACRE LAGOON IS WHAT WE'RE PLANNING. IMPORTANT TO NOTE THAT THIS IS A CONCEPT PICTURE ONLY. THERE'S SOME FLOW THINGS, SOME PARKING THAT WE REALLY NEED TO REARRANGE, BUT THOSE ARE THE DETAILS THAT WE'RE GOING TO BE WORKING ON HERE IN THE NEAR FUTURE. IN FACT, AFTER THIS MEETING, I'M MEETING THE CITY DRAINAGE FOLKS ON SITE TO TALK ABOUT CREEKS AND DRAINAGE AND THAT SORT OF THING. WHAT YOU SEE HERE IS WE HAVE 150 KEY HOTEL AND THIS WILL THIS WILL BE THE CANNON BEACH BOUTIQUE HOTEL. A FOUR STAR CALIBER HAS A ROOFTOP BAR, ROOFTOP POOL YOU CAN SEE THERE THAT WILL ACTUALLY BE ON THE WEST SIDE. IN ALL LIKELIHOOD. ONE OF THE QUESTIONS WE GET A LOT IS, WELL, GEE, DO I HAVE TO STAY AT THE HOTEL TO ENJOY THE BEACH? THE ANSWER IS NO. THE PARK IS OPEN TO THE PUBLIC FOR A REASONABLE ADMISSION FEE. AND THEN IF YOU ARE A HOTEL PATRON, THEN THAT GIVES YOU ACCESS TO THE BEACH INCLUDED IN YOUR HOTEL STAY. IF AT ANY TIME THE COUNCIL HAS QUESTIONS FOR ME ALONG THE WAY, I'M HAPPY TO INTERRUPT THIS PRESENTATION. I'LL FLY THROUGH THESE. THIS IS THESE ARE MY KIDS. WHEN WE MADE OUR WAVE MACHINE. SO WE INVENTED OUR OWN WAVE TECHNOLOGY. IT IS VERY ENERGY EFFICIENT. I JUST CAME FROM MEETING WITH COSERV. SO IF THERE'S ENVIRONMENTAL CONCERNS, WE ARE BOTH VERY WATER EFFICIENT AND VERY ENERGY EFFICIENT. WE CONSUME ABOUT ONE FIFTH OF THE POWER OF OUR COMPETITOR WAVE TECHNOLOGIES, AND WE CONSUME ABOUT THE EQUIVALENT OF ONE HOLE OF ONE GOLF COURSE OF A GOLF COURSE. SO NOT 18 HOLES. I'M TALKING ONE HOLE OF A GOLF COURSE IS HOW MUCH WATER WE CONSUME ON OUR PROJECT SITE. SO IT'S VERY, VERY ENERGY EFFICIENT THAT WAY. HERE IS A QUICK DRONE. I THINK IF I PRESS LET'S SEE HOW THAT WHERE IT IS. SO HERE'S A DRONE FOOTAGE OF OUR CURRENT BEACH IN ARIZONA. OUR BEACH IS WAY TOO SMALL. EVEN IN THE WINTER TIME. WE'RE ABOUT A THIRD TO A HALF FULL ON THAT BEACH, AND WHEN THE SUN COMES OUT, IT'S GOING TO BE TOTALLY INADEQUATE. SO THAT'S ONE OF THE THINGS WE'RE PLANNING FOR HERE IN MCKINNEY IS DOUBLING AND EVEN TRIPLING THE SIZE OF THAT BEACH. IF YOU'LL BEAR WITH ME, THIS IS THAT WAVE TECHNOLOGY. IT'S ALL POWERED BY HYDRAULICS, WHICH IS SORT OF OUR SECRET SAUCE ON HOW IT'S SO ENERGY EFFICIENT. IMPORTANTLY, OUR WAVE TECHNOLOGY ALLOWS US TO DO BEGINNER WAVES, WHAT WE CALL THE WAIKIKI WAVE THAT YOU MIGHT SEE IN HAWAII ALL THE WAY UP TO ADVANCED WAVES LIKE YOU'RE SEEING HERE. SO WHETHER YOU'RE AN EXPERT SURFER OR MORE COMMONLY, A VERY BEGINNER SURFER, WE HAVE A WAVE FOR YOU. WE DO ALLOW. BODYBOARDING IS ANOTHER QUESTION WE GET ASKED FREQUENTLY. SO VERY POPULAR HERE. I'M JUST GOING TO PLAY ONE MORE VIDEO. THIS IS LET'S SEE IF THAT'S GOING TO PLAY. OOPS. HOLD ON I DON'T KNOW HOW TO GET THAT VIDEO TO PLAY. YEAH. CLICK. THANK YOU. SO WHAT YOU'RE SEEING HERE JUST TO KIND OF GIVE YOU A LOOK AND FEEL OF IT, THIS IS ACTUALLY A 40TH BIRTHDAY PARTY. SO SOME FOLKS IN THE EAST VALLEY OF PHOENIX RENTED THE PARK FOR A NIGHT. I THINK WE PROBABLY HAD ABOUT, I DON'T KNOW, 200 PEOPLE THERE THAT NIGHT, BUT THIS BECOMES A COMMUNITY HUB WHERE YOU CAN HAVE NONPROFIT EVENTS. YESTERDAY, WE HAD A NONPROFIT CALLED THE HOPE FOUNDATION THAT DOES MENTAL HEALTH STUFF. THEY WANT TO DO THEIR GALA HERE IN OCTOBER. YOU CAN BRING IN YOUR PRIVATE CHEFS. WE HAVE OUR OWN CHEFS ON SITE. YOU'RE SURFING, YOU'RE HANGING OUT, YOU'RE HAVING A GOOD TIME. THE BELL HAS RUNG. I'M HERE TO ANSWER ANY QUESTIONS. GO AHEAD. CONTINUE. OKAY. ALL RIGHT. SO MOVING ALONG WE HAVE IF YOU SEE THOSE TWO ARROWS AT THE TOP WE HAVE A CLIFF DIVING LAGOON. CAN SOMEBODY HIT THAT THE PLAY BUTTONS ON BOTH OF THESE VIDEOS SO YOU ALL CAN SEE IT. THE UNIT WAVE IS A STANDING WAVE FEATURE OR WHAT'S CALLED A RIVER WAVE. THAT LITTLE KID HAPPENS TO BE NINE YEARS OLD, AND HE'S THE SON OF A PRO SURFER, NATE FLETCHER FROM HAWAII. THAT'S WHY HE'S SO GOOD AT IT. BUT THIS IS A FUN THING FOR KIDS AND ADULTS ALIKE TO LEARN HOW TO SURF. YOU TRAVERSE BACK AND FORTH AND YOU KIND OF GET YOUR SEA LEGS UNDER YOU BEFORE YOU GO TO THE MAIN LAGOON, WHICH YOU CAN SEE IN THE BACKGROUND THERE. THE OTHER THING HERE IS A CLIFF DIVING LAGOON. SO WHEN I TALK ABOUT THE DIFFERENT RIDES. SO I HAVE A FIVE FOOT PLATFORM, 12 FOOT, 17 FOOT AND 26 FOOT PLATFORMS. AND THOSE ARE SOME OF MY SIX CHILDREN JUMPING THERE WITH ME. BUT AGAIN, WE WANTED TO CREATE AN ENVIRONMENT WHERE THE LITTLEST KIDS ARE HAPPY AND THE AND THE OLDEST KIDS ARE HAPPY. ALL RIGHT, SO WE'RE ALL DOING THIS JUMP. AND I PROMISE YOU, MY LITTLE FIVE YEAR OLD WHO'S NOT JUMPING RIGHT NOW, BUT SHE CERTAINLY HAS. WHEN SHE JUMPS OFF THAT FIVE FOOT PLATFORM, SHE FEELS LIKE SHE JUST JUMPED OFF A 26 FOOT PLATFORM. SO EVERYBODY HAS THIS ADRENALINE RUSH. THEY'RE THEY'RE ASCENDING AND IT'S KIND OF LIKE THAT OLD SAYING FOR US, WE WANT TO PROVIDE SKILL, NOT THRILL. MAYBE BOTH, BUT THRILL YOU GET BORED OF IF YOU DO IT ONCE OR TWICE. A SKILL LIKE GOLFING. YOU KNOW, I'M A HACK AT GOLF, BUT I GET JUST ENOUGH. ONE SHOT, MAYBE ONE PAR. OKAY, I'LL COME BACK, YOU KNOW, AND I PROBABLY SHOULDN'T, BUT I DO. AND THAT'S WHAT WE TRY TO CREATE OUT HERE, IS THAT ENVIRONMENT FOR LEARNING. WE KIND OF TALKED ABOUT MOST OF THESE THINGS. THE ONE THING WE HAVEN'T IS WE HAVE A SKATE PUMP TRACK ON SITE. MORE ABOUT THE HOTEL. WE GOT OUR INSPIRATION FROM A LOT OF THE BEACHFRONT HOTELS IN CALIFORNIA. MY ARCHITECTS AND I HAVE FLOWN OUT THERE SEVERAL TIMES AND LOOKED AT HOTELS AND SORT OF THAT TIMELESS, THAT BEACH FEEL. SO WE'RE TRYING TO BRING THE GOOD PARTS OF CALIFORNIA AND LEAVE [02:50:01] THE OTHER PARTS BEHIND. AND HAVING LIVED IN CALIFORNIA FOR SIX YEARS, I CAN SAY THERE'S PLENTY OF THINGS WE DON'T WANT. I MENTIONED THE RESORT FEE EARLIER. I'M GUESSING EVERYBODY ON THIS COUNCIL HAS HAD THE SAME FRUSTRATION I HAVE WHEN WE PAY RESORT FEES AT HOTELS, YOU'RE LIKE, WHAT DO I GET FOR THAT? OH, YOU GET PARKING. YOU KNOW, MR. KELLY, YOU GET PARKING. LIKE I THOUGHT THAT SHOULD BE INCLUDED. WELL, IN OUR CASE, YOU ACTUALLY GET YOUR BEACH ACCESS INCLUDED. IF YOU STAY AT THE HOTEL. WE ALSO HAVE FLEX SPACE GOING IN. THIS IS THE CURRENT BUILDING. IT'LL LOOK A LOT LIKE THIS ALSO IN MCKINNEY. BUT WE HAVE SKATE, SCOOTER, JUMP, NINJA BOWLING ALLEY. NOT JUST NORMAL BOWLING ALLEY, BUT IT HAS A THING CALLED NEOVERSE. SO IT'S A LOT. THERE'S LOTS OF INNOVATIONS IN THE BOWLING SPACE RIGHT NOW, SO WHETHER IT'S GAMES WHERE THEY PUT UP THE BUMPERS AND OKAY, THE TARGET IS YOU GOT TO HIT ALL THE BLUE LIGHTS ON THE BUMPER. SO YOU'RE ZIGZAGGING YOUR BALL IN THERE. IT'S NOT ALWAYS JUST TRADITIONAL BOWLING, BUT OF COURSE FOR THOSE HARDCORE BOWLERS IT IS BUILT TO SPEC AND YOU CAN HAVE TOURNAMENTS AND CLUBS AND THAT SORT OF PLAY ELECTRIC GO KART TRACK INDOORS, MULTI-STORY AGAIN, KIND OF PLAYING ON THAT ADRENALINE. YOU KNOW, WE CALL OURSELVES THE INTERSECTION OF LIFESTYLE AND ADRENALINE LIFESTYLE WITH THE SPA, YOU KNOW, MED SPA, THE NAILS, THE HAIR, THE HOTEL, THE BEACH AND THEN ADRENALINE WITH THE GO KARTS AND SURFING, THE CLIFF DIVING, ETC. GO. HOW FAST CAN THE GO KARTS GO? FASTER THAN WE WILL ALLOW THEM TO GO? SO I THINK THEY CAN ACTUALLY GO 60 MILES AN HOUR. IT'S INSANE. SO WE JUST MY BROTHER ACTUALLY WENT FOR ME. HE WENT TO SLOVENIA TO TEST DRIVE ALL THEIR CARS. BUT YOU HAVE TO PUT GOVERNORS ON THEM. OTHERWISE. YEAH, I'M ALL ABOUT IT TOO. IT'S GONNA BE GREAT. ON MY LAST SLIDE HERE IS JUST, AGAIN, SORT OF PUNCTUATING THIS PICTURE IN THE BOTTOM RIGHT. THIS IS A MULTIGENERATIONAL, GENERATIONAL PLACE. SO GRANDMA AND GRANDPA CAN BE HANGING OUT WITH THEIR GRANDKIDS. WE WILL HAVE PICKLEBALL COURTS INCLUDED ON THE BEACH. I WANT TO EMPHASIZE THAT I HAVE NO ILLUSIONS THAT EVEN THOUGH I HAVE LONG HAIR AND I LIKE SURFING, PERSONALLY, I KNOW THAT MOST PEOPLE AREN'T SURFERS. I DON'T EXPECT THAT MOST PEOPLE WILL BECOME SURFERS. FOR US, MAYBE 10% OF THE PEOPLE WHO VISIT THIS WILL BE SURFERS OR WILL BECOME SURFERS. BUT THE OTHER NINE, IF YOU ASK TEN PEOPLE IN A ROOM, DO YOU ALL LIKE THE BEACH? TEN HANDS GO UP. WHY DO YOU LIKE THE BEACH? WELL, I LIKE FLYING A KITE. I LIKE BUILDING A SANDCASTLE, READING A BOOK, WATCHING THE SURFERS. AND THEN ONE PERSON SAYS, I LIKE SURFING. THAT'S WHO WE ARE. WE ARE FIRST AND FOREMOST A BEACH THAT ALSO HAS SURFING. RIGHT? SO THAT'S WHERE IT BECOMES A PLACE WHERE GRANDMA AND GRANDCHILD AND PARENTS CAN ALL ENJOY THE PLACE WITHOUT THE FEAR OF THOSE PESKY STINGRAYS AND SHARKS AND KIDNAPERS AND ALL THE OTHER THINGS. RIGHT? WE'D LOVE TO, ESPECIALLY DURING DOWNTIMES, HOST DIFFERENT SCHOOL ACTIVITIES. SO IN MESA RIGHT NOW, THE CONVERSATION OF YESTERDAY WAS WE HAVE SOME NONPROFITS THAT DO DADDY DAUGHTER DADDY OR FATHER SON THINGS THAT ARE REALLY TRYING TO EMPHASIZE FATHERHOOD. SO WE'RE SAYING, HEY, LET'S PICK TIMES DURING THE WEEKDAYS A LITTLE SLOWER TRAFFIC TIMES FOR US AND DO HEAVILY SUBSIDIZED EVENTS FOR THESE FATHER DAUGHTER EVENTS. IT'S GOOD FOR US. IT'S GOOD FOR THEM. MAYBE WE'LL GET A COUPLE KIDS HOOKED ON SURFING. THAT'S GOOD FOR US AND WE ARE VERY COMMUNITY MINDED AS WELL. WE HAVE ANOTHER ONE, VETERANS. I'LL JUST POINT TO THAT. CHARITABLE EXPERIENCES. WE HAD SOME ORGANIZATIONS APPROACH US THAT DO, YOU KNOW, THERAPY AND EXPERIENCES FOR DISABLED VETERANS. AND THEY SAID, WELL, COLE, COULD WE MAYBE LIKE SERVE ON LIKE A TUESDAY AT TEN AND PAY A DISCOUNT? I SAID, YOU'RE NOT PAYING ANYTHING LIKE YOU GUYS ARE GOING TO COME SURF HERE FOR FREE. IF YOU'RE A IF YOU'RE A SURFER WITH ONE LEG AND YOU LOST YOUR LEG IN AFGHANISTAN, I WANT MY KIDS TO SEE YOU SURFING. I WANT THE OTHER PEOPLE IN THE WATER TO SEE THAT SORT OF COMMITMENT AND THAT THAT HOPEFULLY WOULD BE AN INSPIRATION FOR ALL OF THEM. SO WE'LL DO WHAT WE CAN TO GIVE BACK. IT BECOMES A GREAT VENUE FOR CORPORATE CLIENTS AS WELL WHO WANT TO RENT OUT THE BEACH. LIKE I SAID, WE HAD WE JUST HAD TWO HOLIDAY PARTIES THAT HAPPENED IN JANUARY. THEY DID THEM LATE BECAUSE THEY WANTED TO HAVE THEM HERE AT THE BEACH, AND IT WAS A LOVELY NIGHT. SO THAT'S MY PRESENTATION. OH, I LIED, I HAVE ONE MORE THING. THIS IS OUR CLASS OF 2024 SURF LIFEGUARD TEAM. SO WE ALSO WANT TO BECOME AND I AND I UNDERSTAND FROM PRESIDENT KOSKI THAT THIS IS A BIG ISSUE IN MCKINNEY. WE WANT TO BECOME THE TRAINING HUB FOR MOST LIFEGUARDS. WE WANT PEOPLE TO HAVE THE BRAND THAT SAY, OH, YOU WERE TRAINED AT CANNON BEACH TO BE A LIFEGUARD. WE KNOW YOU'RE GOOD. WE KNOW YOU'VE BEEN PUT THROUGH THE RINGER. WE KNOW THAT YOU CAN GO TO 17 FOOT DEPTH AND HOLD YOUR BREATH FOR 30S. WE KNOW YOU CAN SWIM IN WAVES. WE KNOW THAT YOU CAN DO CLIFF DIVING RESCUES, ALL THESE KIND OF THINGS. WE WANT TO BE A PREEMINENT LIFEGUARD TRAINING FACILITY FOR PEOPLE. AND SO WHEN YOUR COMMUNITY POOLS, YOUR PUBLIC POOLS ARE HIRING AND THEY SAY, HEY, I WAS TRAINED AT CANNON BEACH, YOU SAY YOU GOT A JOB, SO I'M TALKING TOO MUCH. THANK YOU SO MUCH FOR THE PRESENTATION. ARE THERE QUESTIONS? YEAH. CAN YOU SHOW ME ON THE RENDERING WHERE THE SAND MEETS THE SEA, SO TO SPEAK? YES, I'LL GO BACK. ALL RIGHT. WELL, THAT'S A DECENT RENDERING THERE. SO TECHNICALLY, SAND DOESN'T TOUCH OUR WATER. THE REASON FOR THAT IS THE WITH THE WAVE ACTION, THE SAND WILL GET JUSTIFIED AND IT WILL GET INTO YOUR FILTRATION SYSTEM. SO WE ACTUALLY HAVE A SMALL BOARDWALK BARRIER. YOU CAN SEE THAT BOARDWALK BETWEEN THE FIRST WATER THAT DARKER BEIGE THAT'S [02:55:01] THOSE ARE PAVERS. AND SO WE HAVE ABOUT 12FT OF THOSE BEFORE YOU ACTUALLY GET TO THE WATER. THE HOPE AND WE'VE TESTED THIS IS THAT WHEN YOU HAVE STICKY SANDY FEET, THE SAND WILL FALL OFF YOUR FEET BY THE TIME YOU GET TO IT. SO IT'S LIKE A 12FT, 12 FOOT BORDER. YEAH. OKAY. YEAH. THE REASON I ASK IS BECAUSE I KNOW YOU'RE NOT LOCAL. STONEBRIDGE RANCH IS A VERY BIG HOA HERE IN THE COMMUNITY, AND WE HAVE A LAGOON THAT HAS SAND ABUTTING THE WATER, AND THEY'RE REBUILDING IT. AND THERE'S A LOT OF COMMUNITY DEBATE BECAUSE THEY SAID THE CITY OF MCKINNEY NOW HAS A CODE WHERE THE SAND CANNOT BE WITHIN SIX FEET OF THE WATER. AND SO THIS IS A VERY CONTENTIOUS ITEM FOR THE HOA ABOUT HOW TO MAKE BEACH CLUB. SO I JUST WANTED TO BE SURE THAT THERE WAS LIKE THE PERIMETER THAT MET THE CODE AND SO FORTH. THAT'S A GOOD THOUGHT. YEAH, IT'S I'VE BUILT SEVERAL WATER FEATURES IN MY DEVELOPMENT CAREER, ANYWHERE FROM FISHING PONDS TO WATER SKI LAKES. AND WHEN SAND MEETS WATER OR DIRT MEETS, IT'S COMPLICATED. YOU GOT TO KNOW WHAT YOU'RE DOING. AND SO WE THINK WE FIGURED AT LEAST THAT MUCH OUT. AND BY THE WAY, FOLKS, THERE'S A LOT WE'RE LEARNING HERE. I'M THE FIRST TO ADMIT WE JUST OPENED LAST MONTH. WE HAVE GOOD CAPITAL. WE HAVE GREAT PARTNERS BEHIND US. AND, YOU KNOW, I FULLY CONCEDE THAT WE'RE GOING TO LEARN A LOT AS WE GO, BUT THEY'RE EXCITING LEARNINGS. IT'S LIKE, YOU KNOW, FOR EXAMPLE, THAT CLIFF DIVING LAGOON, I HAD A SCUBA DIVE TEAM APPROACH US AND SAY, HEY, CAN WE COME GET CERTIFIED IN YOUR IN YOUR DEEP WATER POOL BECAUSE IT'S THE DEEPEST POOL IN THE WHOLE SOUTH. I DIDN'T THINK OF THIS WHEN WE BUILT THIS. LIKE, SURE, COME ON OUT. LET'S GO. SO THAT'S JUST ONE EXAMPLE. WHAT IS YOUR DEBT? SO IN THIS CLIFF DIVING LAGOON, AT 17FT DEEP IN THE MAIN LAGOON, IT'S ONLY 10.5FT DEEP AT ITS DEEPEST. IN FACT, THAT WHOLE CENTER AREA WHERE IT'S LIGHT BLUE, THAT'S ONLY ABOUT THREE FEET DEEP. SO YOU CAN JUST PICTURE THAT'S THE BEGINNER WAVE. SO I'M OUT THERE AS A DAD, CHUCKING MY LITTLE KIDS ON FOAM BOARDS, AND THE WATER IS ONLY UP TO HERE. AND IT'S JUST VERY EASY TO TEACH KIDS HOW TO LEARN THOSE RUDIMENTARY LEVELS. WELL IN THE LAGOON. IS THERE A POSSIBILITY, JUST BECAUSE I REMEMBER A ZILLION YEARS AGO AS A KID GROWING UP, THERE'S THE LITTLE WATER PARK THAT HAD THE SURF AT IT OR THE WAVE POOL. BUT LIKE ON SUMMER WEEKENDS OR WHATEVER, THEY'D PUT A BIG SCREEN OUT THERE, GIVE FLOATERS AND PEOPLE WOULD FLOAT AND WATCH A MOVIE. SO YES, YOU'RE BARKING UP OUR SAME TREE. SO WE JUST HAD A SIX HOUR DESIGN MEETING FOR MCKINNEY ON MONDAY. I PUT THEM IN MY CONSTRUCTION TRAILER AND LOCKED THE DOOR. IT'S SUPPOSED TO BE THEIR DAY OFF, BUT WE'RE TALKING ABOUT A MEGATRON THAT GOES OVER THE WATER. THERE'S ONLY THREE SURF PARKS IN AMERICA CURRENTLY, AND ONE OF THEM IS PALM SPRINGS. AND THEY THEY DO THE SAME THING. SO WHETHER IT'S A FOOTBALL GAME GOING ON UP THERE, MOVIES. YEAH. AND BY THE WAY ON THAT PROGRAMING. SO HOW DO WE HANDLE THE WINTER TIME. RIGHT. LIKE WE NEED TO FIGURE OUT HOW TO CRACK THE CODE OF WINTER. SO WE'RE GOING TO HAVE A LOT OF IN-GROUND HOT TUBS. WE HAVE MOVIE NIGHTS ON THE BEACH. WE HAVE S'MORE NIGHTS CURRENTLY. SO KIDS COME OUT AND GET THEIR CHOCOLATE, THEIR MARSHMALLOWS, AND THEY'RE COOKING S'MORES ON LITTLE CAMPFIRES. BUT BUT YES, THAT IS ONE OF THE IDEAS THAT WE HAVE. DAVID KELLY. YEAH. CAN WE GO ALL THE WAY BACK TO THE BEGINNING? I THINK FIRST SLIDE THAT MIKE PICTURE OF MY FAMILY. IS THAT WHAT YOU WANT? FAMILY PICTURE FAMILY. HE SAID OH, NO. ECONOMIC IMPACT. YEAH. I DON'T KNOW THAT I HAVE. OKAY. I THINK 700 JOBS. ET CETERA. ET CETERA. YEAH. SO MY QUESTION IS REGARDING OUR INCENTIVE AND THE CONNECTION TO THE ECONOMIC DEVELOPMENT. OUR INCENTIVE IS OR THE REQUEST IN FRONT OF US TODAY IS LIMITED TO CONSTRUCTION OF THE LAGOON, THE SURF PARK. CORRECT. MAYBE MORE GENERALLY, IT'S CONNECTED TO THE INFRASTRUCTURE TO OPEN THE SURF. SO THE INFRASTRUCTURE PRESUMABLY WOULD ALSO SERVE THE RETAIL BUILDING. SO WE'RE TALKING STORM DRAIN WATER, GAS, ELECTRICAL. SO IT KIND OF SERVES TWO PURPOSES. BUT YES, THE WHEN IT GETS FUNDED WAS THAT LAST SLIDE WHEN WE GET REIMBURSED FOR THAT IS WHEN WE GET THE FINAL CFO FOR THE SURF. OKAY. SO 200 MILLION TOTAL INVESTMENT FROM YOU AND YOUR AND YOUR GROUP, 700 JOBS, 300,000 PARTICIPANTS. IS THAT FOR ARE THOSE NUMBERS ASSOCIATED WITH THE SURF PARK ALONE OR THE MUCH BROADER DEVELOPMENT. THE WHOLE ENCHILADA, THE WHOLE ENCHILADA? OKAY, SO I'VE LEARNED IN FIVE YEARS, GOING ON SIX ON CDC THAT YOU CANNOT COUNT ON ANYTHING EXCEPT PHASE ONE. AND IF THERE'S ONE TAKEAWAY IN THIS WHOLE THING. SO HELP US UNDERSTAND HOW YOU'RE PHASING THIS, HOW WE CAN BE ASSURED THAT WE'RE GOING TO REALIZE THE WHOLE BENEFIT. I PERSONALLY THINK EVEN IF IT'S JUST THE SURF PARK, IT'S PROBABLY STILL A GOOD DEAL AND WORTH BRINGING TO MCKINNEY. BUT [03:00:01] THE REAL THE REAL BENEFIT TO THE CITY, TO THE CORPORATION, TO THE SALES TAX, EVERYTHING. THE REAL REASON FOR US TO INVEST IN THIS IS THE WHOLE ENCHILADA. SO HELP US UNDERSTAND THE CONFIDENCE WE CAN HAVE IN ENSURING THAT ALL PHASES ARE GOING TO BE DELIVERED. YEAH, IT'S A GREAT QUESTION. SO I'LL FIRST SAY THAT THE SURF STUFF IS THE HARDEST STUFF BY FAR. SO IT'S $50 MILLION. BANKS DON'T FINANCE IT. ME AND MY NINE CLOSEST FRIENDS FINANCE 100% OF OUR PROJECT IN ARIZONA. AND SO WE WE'RE GOING TO DO THE HARD THING FIRST. SO EVERYTHING ELSE BECOMES EASY BECAUSE YOU ALREADY HAVE YOUR POWER LINES, YOUR STORM, YOUR SEWER, YOUR GAS, YOUR YOUR STREET, YOUR STREET LIGHTS, YOUR PARKING. EVERYTHING ELSE IS LOW HANGING FRUIT. BUT I THINK THE BEST ANSWER I HAVE FOR YOU IS THAT MY INCENTIVE PACKAGE WITH WITH MEDC IS THAT I DON'T. I HAVE A STRONG DISINCENTIVE TO NOT FINISH THE PROJECT TO THE POINT THAT IT WOULD MAKE TOTAL IRRATIONAL. IT WOULD BE TOTALLY IRRATIONAL FOR ME NOT TO FINISH THE REST OF THE PROJECT. BECAUSE IF WE FINISH THAT SURF PHASE, WHICH IS THE ONLY WAY THAT WE GET REIMBURSED FROM THIS COUNCIL, THEN IF I WERE TO SAY I'M BORED OF MCKINNEY, I DON'T WANT TO FINISH THE REST OF THE OTHER ASPECTS. FOR EXAMPLE, THAT BIG FLEX BUILDING I WOULD BE FORGOING SIGNIFICANT FINANCIAL INCENTIVES THAT ARE ONLY WAITING FOR ME UPON FINISHING THE OTHER THING. SO MEDC HAS DONE A GREAT JOB OF KIND OF PUTTING THE HANDCUFFS ON US TO MAKE SURE WE FINISH THE MAJOR. THE THREE MAJOR ONES ARE THE FLEX BUILDING, WHICH WILL BE REORIENTED 105,000FT THERE, THE HOTEL AND THE SURF LAGOON. IF YOU HAVE THOSE THREE THINGS, CANDIDLY, THE OTHER ONES ARE MORE ANCILLARY COUPLE DRIVE THROUGH PADS, SOME RETAIL THINGS. SO I HAVE A LOT TO LOSE BY NOT FINISHING THE PROJECT AND I HOPE THAT'S ENOUGH. BUT I AGREE WITH YOU. IF IT WAS JUST THE SURF, I MEAN, THAT'S $55 MILLION OF INVESTMENT JUST ON THAT. I THINK THAT'S A PRETTY COOL ADDITION TO MCKINNEY. YEAH I AGREE. YEAH. THANK YOU. I HAVE A FEW QUESTIONS. DID YOU HAVE A QUESTION? NO. PLEASE NO I KNOW OKAY. SO THE FLEX SPACE IS DEPENDENT ON PROSPECTORS COMING TO PUT THE BOWLING ALLEY IN TO PUT THE ROLLER SKATE RINK IN. RIGHT. LIKE THAT'S YOU'RE MAKING THE SPACE AVAILABLE. BUT WE DON'T YET HAVE TENANTS. I ACTUALLY HAVE TWO OF THEM. SO WE HAVE ABOUT 80,000FT. AND I HAVE MEETINGS ON I'M FLYING BACK HERE ON MONDAY NIGHT. I HAVE MORE MEETINGS ON THE 29TH. THERE'S JUST BEEN A DELUGE OF PEOPLE THAT ARE EXCITED ABOUT THIS. TENANTS GOT A RESTAURANT. I'VE GOT A, YOU KNOW, FOR EXAMPLE, WE'RE MEETING WITH A ROCK CLIMBING TENANT, WHICH I THINK WOULD BE AMAZING. THAT'S FOR THE MCKINNEY SPACE. THAT'S FOR THE MCKINNEY SPACE. YEAH. MEETING WITH TWO OF MY POTENTIAL TENANTS. YES. SO I HAVE LOTS OF TENANTS WHO HAVE ALREADY REACHED OUT TO US THROUGH OUR LANDING PAGE. AND THEN PRESIDENT KOSKI AND MR. TALLEY, FORWARD COMMUNICATION THEY GET FROM INTERESTED PARTIES. I DON'T THINK WE'RE GOING TO HAVE A HARD TIME LEASING IT OUT. BUT THAT'S A LONG ANSWER TO YOUR QUESTION. NO, NO, NO. SO TWO OF THEM ARE ALREADY COMMITTED OKAY. FROM ARIZONA. THEY LOVE IT AND THEY WANT TO COME OUT. THEY WANT TO COME OKAY. AND THE HOTEL YOU'RE BUILDING, WE DON'T HAVE TO WAIT FOR A PARTNER TO COME IN FOR THE HOTEL. CORRECT. MY GROUP BUILDS THAT. YOUR GROUP BUILDS THAT. OKAY. AND THEN THE $50 PER DAY PASS, IS THAT PER PERSON? YES, THAT'S PER PERSON. AND I PUT A LITTLE ASTERISK BY IT. LIKE SO WE'RE JUST DEALING WITH ESTIMATES RIGHT NOW. BUT WE WANTED TO MAKE SURE THAT. SO THIS IS A STORY I ACTUALLY TOLD PRESIDENT CINDY LAST NIGHT AT DINNER WHEN I TAKE MY KIDS TO A TRAMPOLINE PARK. ALL RIGHT. SO YOUR KIDS ARE IN AN ECHO CHAMBER. THEY ALL TAKE OFF THEIR SHOES, SO IT'S KIND OF SMELLY. I'M AT A TABLE AWKWARDLY WITH SOME PARENTS I DON'T KNOW, AND IT'S NOT A COMFORTABLE TABLE. AND I JUST TOUGH IT OUT FOR FOUR FOR FOUR HOURS. YOU KNOW, YOU TOUGH IT OUT FOR FOUR HOURS AND THE FOUR HOURS IS UP. YOU'RE LIKE, SWEET KIDS, LET'S GO. YOUR WRISTBAND IS EXPIRED. NO, DAD, I WANT TO STAY LONGER. YOU'RE LIKE, TRUST ME. MOM AND DAD WANT TO LEAVE. WE'RE LEAVING NOW. ALL RIGHT, SO I PAY $40 FOR THAT IN ARIZONA, AND I PAY AN EXTRA FIVE BUCKS FOR THE SOCKS. SO FOR ME, I WANT TO BE CHEAPER THAN THAT EXPERIENCE AND A HUNDRED TIMES BETTER FROM A PARENT'S PERSPECTIVE. NOW, ME AND MOM ARE SITTING ON A LAWN CHAIR IN SOME SHADE. I DON'T CARE WHERE MY KIDS ARE BECAUSE THEY'RE FULLY LIFEGUARDED. THEY'RE IN A FENCE THEY CAN'T ESCAPE, RIGHT? GO CLIFF, DIVE, SKATE, GO SURF, WHATEVER YOU KNOW, AND WE'LL EAT A BISON BURGER AT THE BEACH GRILL WHEN WE'RE ALL DONE KIND OF THING. SO YES, IT'S $50 FOR ADULTS AND $30 FOR KIDS. AND THAT'S MY LITMUS TEST, IS COMPARING US TO TRAMPOLINE PARKS. I APPRECIATE THAT VERY MUCH. THANK YOU. ADDITIONAL QUESTIONS. THE HEIGHT OF THE WAVE, THE AT ITS APEX AT SIX FEET HIGH. BUT THEN AS IT GETS AWAY FROM THE WAVE MAKER, IT PUTTERS OUT TO THREE AND DOWN TO ZERO. SO AT ITS HIGHEST IT'S SIX FEET. AND TO BE CLEAR, IT'S NOT THE BIGGEST, BADDEST WAVE IN THE INDUSTRY. THERE'S ABOUT FIVE WAVE TECHNOLOGIES IN THE WORLD. WE ARE BY FAR THE MOST ENERGY EFFICIENT, BUT WE OPERATE FROM THE THESIS THAT 80% OF OUR CUSTOMERS WILL EITHER NOT KNOW HOW TO SURF OR HAVE NEVER SURFED BEFORE. IN FACT, ONE OF THE BIG FEEDBACK CRITICISMS WE GOT WHEN WE FIRST WERE TESTING OUR WAVE WAS COLT TURNED THE WAVE DOWN. MY KIDS WERE GETTING PUMMELED OUT THERE LIKE, TURN IT DOWN. AND SO IF YOU COMPARE A WAVE TO MAYBE SOME OTHERS YOU'LL SEE ON YOUTUBE OR WHATEVER, WE'RE NOT THE BIGGEST OR THE LONGEST, BUT YOU DON'T NEED TO BE BECAUSE WE WANT TO BE THE ENTRY LEVEL TO THE INTERMEDIATE LEVEL. SO WE'VE HAD PRO SURFERS OUT THERE HAD A GREAT TIME, BY THE WAY, BUT [03:05:05] THAT'S NOT WHO WE ARE. LET ME JUST SAY, IF WE APPROVE THIS WITH YOU, I JUST BELIEVE THAT MR. KOSKI OPENS UP. HE HAS TO DO THE OPENING WAVE. SO, YEAH, HE'LL BE GETTING BARRELED. YES. THANK YOU AGAIN. THIS IS A PUBLIC HEARING. IS THERE ANYONE HERE TO SPEAK TO THIS PUBLIC AGENDA ITEM? THANK YOU, MR. COLEMAN. THANK YOU. CAN I GET A MOTION TO CLOSE THIS PUBLIC HEARING? I'LL MAKE A MOTION. WE CLOSE THE PUBLIC HEARING. SECOND MOTION TO CLOSE BY DAVID WALSH AND SECOND BY. CHRIS. I WAS LIKE, YOU ALREADY GOT YOUR HAND. I HADN'T SAID IT BY CHRIS. BY A SIGN OF VOTES, BY SIGN OF HANDS. AND THEN FOR THE MOST PATIENT PERSON. YEAH, I FEEL BAD FOR THEM. THEY'VE HAD TO. SO THIS IS ONE OF THOSE ENCOURAGE GET YOUR APPLICATION IN EARLY. IS THAT HOW THAT'S HOW I MEAN THAT'S HOW IT IS. IT'S RANKED BASED ON HOW THE APPLICATION. THAT'S HOW IT'S I DIDN'T KNOW HOW IT WAS DONE. SORRY I DID. AND I REMINDED IAN IT'S BECAUSE OF HIS REPORT THAT I GOT IT IN SO LATE, SO I'M GLAD HE'S SAT HERE THROUGH THROUGH THIS WITH YOU SO THAT HE CAN BE PUNISHED COMPLETELY FOR FUTURE APPLICANTS. GET YOU EARLY. IN EARLY, I AM HONORED. OH, I GOTTA [Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Heritage Guild of Collin County (4B 25-08) in the Amount of Twenty-Five Thousand Four Hundred Eighty-One and No/100 Dollars ($25,481.00) for Site Improvements to Correct Drainage Issues and to Secure the Foundation of the Dulaney Cottage at Chestnut Square Heritage Village, Located at 315 S. Chestnut in McKinney. Amount Requested Represents 63% of Total Project Cost.] FINISH. LET ME READ THIS AND THEN. YES, PLEASE GO AHEAD. ITEM 25 I KNOW YOU READY? 25 23, 79 CONDUCT A PUBLIC HEARING. CONSIDER, DISCUSS, ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY HERITAGE GUILD OF COLLIN COUNTY FOR B 2508, IN THE AMOUNT OF $25,481 FOR SITE IMPROVEMENTS, TO CORRECT DRAINAGE ISSUES, AND TO SECURE THE FOUNDATION OF THE DELANEY COTTAGE COTTAGE AT CHESTNUT SQUARE HERITAGE VILLAGE, LOCATED AT 315 SOUTH CHESTNUT AND MCKINNEY. AMOUNT REQUESTED REPRESENTS 63% OF THE TOTAL PROJECT COST. AND THANK YOU. GOOD MORNING, MADAM CHAIR. MADAM PRESIDENT, THANK YOU, BOARD, FOR HAVING US. I FEEL SO CHEAP NOW. LIKE I MEAN, THIS IS NOTHING, RIGHT? BUT NOW. SO I, I FIND MYSELF BEHIND PROGRESSION AND AMAZING PRESENTATIONS OF AIRPORTS AND BEACHES. AND I TAKE YOU BACK ALMOST A 200 YEARS TO APPRECIATE WHERE MCKINNEY HAS COME OVER THE LAST SEVERAL YEARS. AND WE GIVE YOU A GLIMPSE OF WHAT IT USED TO BE, ULTIMATELY TAKING CELL PHONE DEVICES OUT OF CHILDREN'S HANDS AND CREATING OPPORTUNITY. SO I'M GOING TO GET RIGHT TO THE POINT AND LET YOU GUYS KIND OF DEEP DIVE INTO WHAT WE'RE LOOKING TO ACCOMPLISH. SO AS EXECUTIVE DIRECTOR OF 2024 AND JUST BEGINNING, IT WAS VERY, VERY CLEAR THE AMOUNT OF SUPPORT THAT THE CITY MQDC SPECIFICALLY, AS WELL AS THE CITY OF MCKINNEY, HAS GIVEN TO CHESTNUT SQUARE AND HELPED US IN OUR PRESERVATION. SO THANK YOU SO MUCH FOR THAT. ONE OF THE THINGS THAT I JUST WORD THAT I WANT YOU TO KIND OF STAND OUT TO YOU IS INTENTIONALITY. SO A LOT OF THIS PRESENTATION, WHICH GOES ALONG WITH MCKINNEY IN GENERAL, IS JUST INTENTIONALITY. SO THE FIRST PART OF OUR PHASE PROJECT IS TO CREATE SAFETY. WE'RE THE NUMBER ONE FARMER'S MARKET IN THE STATE OF TEXAS SOUTHWEST AND NUMBER TWO IN THE NATION. SO OUR GOAL IS TO MAKE SURE THAT WE ACCOMMODATE THOSE GUESTS IN A VERY HEALTHY AND EFFECTIVE WAY AND HAVE SAFETY ON OUR PROPERTY. AND SO THERE'S ONE AREA THAT NEEDS TO BE ADDRESSED. WE ALSO WANT TO ADDRESS THE DRAINAGE ON OUR PROPERTY. THE DRAINAGE HAS BEEN A SIGNIFICANT IMPACT POORLY ACROSS THE PROPERTY AND CONTINUES TO CREATE CHALLENGES FOR US. WE ARE A RAIN OR SHINE MARKET, SO I NEED TO DRAIN THAT WATER OFF THE PROPERTY AS QUICKLY AS POSSIBLE, AS EFFECTIVELY AS POSSIBLE, AND BEING GOOD NEIGHBORS AND STEWARDS OF THE SURROUNDING COMMUNITIES. AND THEN TO START A PROPOSAL TO LOOK AT THE DELANEY COTTAGE, TO LOOK AT THE LONGEVITY OF THAT PROPERTY AND SECURE THE FOUNDATION. SO THIS IS A THREE PHASE PROJECT THAT WE'RE WORKING ON RIGHT NOW. THE FOURTH PHASE, I'M DEVELOPING A TIMELESS TREASURE CAMPAIGN THAT YOU'LL BE HEARING ABOUT IN THE VERY NEAR FUTURE. IF YOU ON FEBRUARY 20TH, ACTUALLY, AND IT'S GOING TO BE A WAY FOR US TO SECURE OTHER FUNDS FROM OTHER ORGANIZATIONS AND MEANS TO BE ABLE TO ACCOMPLISH THE SAME THING FOR THIS PROJECT FOR OTHER HOMES ON OUR PROPERTY. SO PHASE ONE, YOU SEE THIS AREA RIGHT HERE THAT HAS BEEN A SIGNIFICANT DANGEROUS IMPACT TO OUR FARMER'S MARKET, AS WELL AS TO OUR SCHOOL TOURS. AND NATURALLY ACCOMMODATING WHEELCHAIRS AND THINGS OF THAT NATURE CAN BE A CHALLENGE THAT ACTUALLY HAS ALREADY BEEN COMPLETED. WE ACTUALLY THAT WAS A SENSE OF URGENCY AND TO TAKE CARE OF THAT INTO THE WINTER MONTHS. AND SO WE'VE ACTUALLY ALREADY COMPLETED THAT. THE PROJECT WAS PRESENTATION WAS DUE BEFORE I COMPLETED IT. SO I DON'T HAVE PICTURES, BUT I WILL SEND IT ALL THAT IS GRADED NOW. IT HAS A RAMP THAT GOES DOWN, CREATING A SEAMLESS TRANSITION FROM THE GROUND TO THE BRICK AREA, AND NOW HIGHLIGHTING ALL THE OTHER BRICK AREAS THAT I NEED TO ADDRESS OVER TIME. PHASE TWO IS THE DRAINAGE. YOU CAN SEE WHERE IT KIND OF POOLS AND PUDDLES. [03:10:02] ULTIMATELY, ALL THE WATER SHIFTS DOWN TO THE NORTH END OF THE PROPERTY, UNDERNEATH THE DELANEY COTTAGE AND THE TWO BIT TAILOR IN CREATING A SIGNIFICANT IMPACT ON THOSE FOUNDATIONS. I BELIEVE THAT OVER TIME, WE'VE ADDRESSED MAINTENANCE OF THOSE AND WE'VE TRIED TO REPAIR, BUT YOU NEVER ADDRESS THE WATER, WHICH IS WHAT CONTINUES TO BE THE PROBLEM. AND SO THAT PART OF THE PHASE TWO IS A MUST. AND THEN PHASE THREE IS RESTRUCTURING THE FOUNDATION OF THAT BUILDING. YOU CAN SEE THE SHIFTING. THE BEAMS ARE NO LONGER EVEN ON TOP OF SOME OF OUR FOUNDATIONAL STRUCTURES. AND SO THOSE PIERS. SO WE NEED TO ADDRESS THAT, PULL IT BACK TOGETHER. IT'S ESSENTIALLY SPLITTING. AND SO THERE'S CRACKS IN THE WALLS. AND SO WE HAVE HAD ENGINEERS COME IN AND TAKE A LOOK AT THAT AS WELL. PHASE FOUR IS THE AREA THAT I'M NOT PRESENTING TODAY, PRIMARILY BECAUSE I WANT TO BE ABLE TO BE SELF-SUSTAINING AND ULTIMATELY GAIN THOSE FUNDS FROM OTHER SOURCES. AND YOU ALL JUST HELP ME GET THIS WATER ADDRESS SO THAT I CAN REALLY, TRULY ADDRESS THE FOUNDATION OF ALL THE PROPERTIES WE HAD OUR BID FROM AMIGOS LANDSCAPING. THIS HAS BEEN COMPLETED AND DONE. THIS WAS OUR BID FOR BOTH AMIGOS LANDSCAPING FOR ALL OF THE DRAINAGE ON THE PROPERTY. HERE'S OUR LETTER FROM OUR ENGINEER. WE WENT TO DOUGLAS ENGINEERING JUST TO MAKE SURE THAT AS WE DRAIN THE WATER OFF OF THE PROPERTY, THAT WE'RE NOT GOING TO IMPACT OUR SURROUNDING COMMUNITIES. AND SO BASED ON THEIR ASSESSMENT, BASED ON WHERE THE WATER IS CURRENTLY GOING AND IN ADDITION TO WHAT OUR PLANS ARE AND TO SIGNIFICANTLY MOVE THAT WATER, HE DOES NOT BELIEVE THERE'S ANY IMPACT TO OUR OUR SURROUNDING NEIGHBORS. THIS IS KIND OF A DRAINAGE SITE PLAN. YOU CAN SEE ON THE TOP LEFT CORNER THOSE ARE THE THREE MAIN SITES. AND THEN I ALSO BROUGHT IAN MCLEAN HERE TODAY. IF 2025 LEADERSHIP MCKINNEY HAS TAUGHT ME ANYTHING, IT IS TO ALWAYS SURROUND YOURSELF BY EXPERTS. AND SO IAN IS NOT ONLY A BOARD MEMBER, BUT ALSO A VERY WELL RESPECTED MEMBER OF BINGE RESTORATION AND FOUNDER OF THAT BUSINESS. THIS WAS OUR BID FOR THE FOUNDATION. SO I'M GOING TO GO BACK REAL QUICK. ALSO, ANOTHER LETTER FROM OUR DOUGLAS ENGINEERING JUST ON HOW TO REPAIR THAT THE BID. AND THEN OUR REQUEST IS THE TOTAL SPEND IS ABOUT JUST OVER 40,000 CHESTNUT SQUARES TO PROVIDING 5000 SUMMER LEAF FOUNDATION. WE REALLOCATED THOSE FUNDS THAT WAS ORIGINALLY REQUESTED FOR THE CHIMNEY FOR THE FERRIS HOUSE. WE REALLOCATED THOSE FUNDS BACK TO THE DELANEY COTTAGE. SO SUMMERLEE FOUNDATION IS PROVIDING THAT. AND OUR REQUEST IS 25,481 FROM MCDC. THANK YOU AND I'LL STAND FOR QUESTIONS. THIS IS A PUBLIC AGENDA ITEM. IS THERE ANYONE HERE TO SPEAK TO THIS PUBLIC AGENDA ITEM? SO DO WE HAVE ANY BOARD QUESTIONS? I HAVE A QUESTION, DIANA. IF I RECALL CORRECTLY, A COUPLE OF YEARS AGO, THE CITY INCORPORATED CHESTNUT SQUARE AS A LINE ITEM INTO CITY FUNDING BUDGET. IS THAT RIGHT? SO WHAT DOES THE CITY FUNDING COVER IN TERMS OF EXPENSES LIKE OF THIS NATURE? SO THEY COVER ALL OF OUR MAINTENANCE ON THE PROPERTY. THEY COVER ALSO EMPLOYEES THAT WE HIRE. SO IT COVERS SALARY IN ADDITION TO THAT, WHICH IS HUGE AND CRUCIAL. AND MOST OF THAT IS JUST OUR GENERAL MAINTENANCE WEAR AND TEAR ON THE FACILITY. NOTHING LIKE A CAPITAL PROJECT OF THIS LEVEL. OKAY. SO THAT'S THE DISTINCTION. THIS IS CONSIDERED A CAPITAL PROJECT, CORRECT. NOT A MAINTENANCE ISSUE. CORRECT. OKAY. AND THEN WHO JUST OUT OF WHO OWNS THE LAND THAT CHESTNUT SQUARE ALL THE BUILDINGS ARE ON. SO THAT'S A VERY GOOD QUESTION. WE'RE A NONPROFIT FOUNDED IN 1973. AND THEN THAT ACTUAL LAND, I'M NOT SURE THAT I CAN ANSWER THAT. I MEAN, IT'S A BOARD RELATED NONPROFIT ORGANIZATION THAT WAS ESTABLISHED BY THE GUILD. BUT AS WHO IS ON OUR PROPERTY DEED, I'M NOT SURE THERE'S A PERSON CONNECTED, BUT I'M JUST AN ORGANIZATION. LIKE PREVIOUSLY, THE CDC MONEY HAS FUNDED BUILDINGS, WHICH I BELIEVE, LIKE THE HERITAGE GUILD OWNS. LIKE THAT PROPERTY. RIGHT? IT'S BEEN BEQUEATHED OVER TIME. BUT AS FAR AS THE LAND AND THIS IS AN IMPROVEMENT TO THE LAND, I'M. YEAH, I'M JUST CURIOUS. LUCKILY, WE HAVE CITY RECORDS SOMEWHERE THAT'LL TELL US WHO OWNS THAT LAND BECAUSE SOMEBODY TAXED ON IT. WE CAN LOOK AT THE APPRAISAL DISTRICT. THERE SHOULD BE NO RECORD OF THE LAND. ANY OF YOU HAVE MORE QUESTIONS? WHAT'S THE ADDRESS? WELL, SO WE HAVE LIKE FIVE DIFFERENT ADDRESSES. WE OUR MAIN ADDRESS IS 315 SOUTH CHESTNUT STREET. WHILE SHE'S LOOKING AT US, GREAT QUESTIONS FROM THE BOARD. WHILE SHE'S LOOKING AT SHE'S LOOKING COFFEE TASTED LIKE. OWNER IS HERITAGE GUILD OF COLLIN COUNTY. THAT'S WHAT I THOUGHT WOULD HAVE BEEN THE NONPROFIT. BUT THAT WAS A [03:15:03] VERY GOOD QUESTION. ANY ADDITIONAL QUESTIONS OR COMMENTS? NOT TODAY. THEY SAY THERE MAY BE BENEFITS TO BEING. SO. CAN I GET A MOTION TO CLOSE THIS PUBLIC AGENDA? THANK YOU, THANK YOU. I WILL MAKE A MOTION TO CLOSE THIS PUBLIC AGENDA. A MOTION IS CLOSED SECOND. SECOND BY DAVID RUSH BY A SHOW OF HANDS. MOTION APPROVED TO. WE ARE GOING TO DO HAVE TO DO A [EXECUTIVE SESSION] PIVOT BEFORE WE GET INTO THE NEXT AGENDA ITEM. WE'RE GOING TO NEED TO GO INTO EXECUTIVE SESSION. WE WILL NOW READ INTO EXECUTIVE SESSION IN ACCORDANCE TO THE TEXAS GOVERNMENT CODE. ITEMS REGARDING ECONOMIC DEVELOPMENT MATTERS THAT WILL BE DISCUSSED INCLUDE PROJECT HEMISPHERE, VENUE. NO. LIVE PROJECT 2009 TUPPS BREWERY ENTERTAINMENT DESTINATION. PROJECT MIRAGE CRAIG RANCH RESORT HOTEL FOR. 20 4-01. HUGS OKAY, THAT'S WHAT HOTEL FOR. BE OKAY OR BE 2504 INVITED AND FOR BE 2505 HABITAT. WE WILL NOW RECESS TO EXECUTIVE SESSION. IT IS 1120. TO RECONVENE. OH NOW STRENGTHENING. YEAH YEAH THAT IS OKAY. ALL RIGHT I WILL NOW RECONVENE THE RECONVENE THE MEETING OF THE MCDC BOARD. THE TIME IS 1210. WE WILL NOW PIVOT BACK AND DISCUSS ITEM 25, DASH 2380. CONSIDER, DISCUSS, ACT ON [Consider/Discuss/Act on 2025 Quality of Life Award Nominations.] THE 2025 QUALITY OF LIFE AWARD NOMINATIONS TODAY. BEFORE YOU ALL, YOU HAVE TWO BALLOTS. THE YELLOW SHEET IS FOR INDIVIDUAL NOMINEES AND THE PURPLE SHEET IS FOR THE ORGANIZATION NOMINEES. WE WILL START WITH THE INDIVIDUAL AWARD. ANYONE CAN MAKE A NOMINATION USING THE CORRESPONDING NUMBERS. WE'RE USING THE NUMBERS NOT TO DISCLOSE THE ACTUAL NOMINEES. WE WILL ACCEPT MULTIPLE MULTIPLE NOMINATIONS, THEN VOTE BY SHOW OF HANDS. THE NOMINEE MUST RECEIVE THE MAJORITY VOTES, WHICH IS FOUR TO BE CONSIDERED THE WINNER. IF NECESSARY, WESS N DO A RUNOFF VOTE. WE WILL REPEAT THIS PROCESS FOR ALSO THE ORGANIZATION AWARD. AT THIS TIME. WE WILL START OFF WITH. THERE ARE FIVE NOMINATIONS FOR INDIVIDUAL QUALITY OF LIFE NOMINATIONS. I WILL ANYONE I WOULD LIKE TO NOMINATE A MOTION FOR NUMBER ONE. OKAY, I HAVE A NOMINATION FOR NUMBER ONE. DO THEY HAVE TO BE SECOND? NO. JUST NOMINATION. DO IT HAVE TO BE SECONDED? IT DOES NOT HAVE TO BE SECOND. SO I HAVE A NOMINATION FOR NUMBER ONE. ARE THERE ANY OTHER NOMINATIONS FOR INDIVIDUAL QUALITY OF LIFE? I WOULD LIKE TO NOMINATE NUMBER FIVE. I HAVE A NOMINATION FOR NUMBER FIVE. IS THERE. WE DO SOME. DO WE HAVE TO PUT SOME RATIONALE AS TO WHETHER SOMEONE WANTS TO. YOU KNOW, LIKE I SAID, WITHOUT DISCLOSING THE INDIVIDUAL OTHER THAN WHAT'S ALREADY WRITTEN. YEAH, I MEAN, NUMBER ONE KIND OF SAID THAT IT HAS OUTLINED NUMBER ONE, I MEAN, KIND OF SAID ITSELF. I MEAN, IT'S SO WE ARE THERE ANY ADDITIONAL NOMINATIONS FOR INDIVIDUAL OKAY, BY SHOW OF HANDS. CAN I MAKE A COMMENT? YEAH, SURE. GO AHEAD. SO I WOULD JUST OFFER THAT NOMINEE ONE HAS BEEN RECOGNIZED WITH A VERY ESTEEMED AWARD PREVIOUSLY AND NOT ALL THAT LONG AGO. NOMINEE NUMBER FIVE IS AN INDIVIDUAL THAT CREATIVELY AND INDEPENDENTLY CAME UP WITH AN EVENT THAT HAS NOW BECOME SOMEWHAT OF A TRADITION IN THE CITY, LEANS IN VERY HEAVILY TOWARDS EMBRACING CULTURAL ASPECTS OF OUR COMMUNITY, IS MORE THAN JUST A PHILANTHROPIST. AS SOMEBODY WHO'S AN EDUCATOR AND SOMEBODY WHO IS A TRUE SUPPORTER OF THE RICHNESS OF THAT PARTICULAR CULTURE, AND IN EDUCATING THE COMMUNITY ABOUT THAT CULTURE AND THAT THAT THAT PARTICULAR TRADITION OF THAT CULTURE. SO I JUST THINK THAT THERE'S A REAL DISTINCTION BETWEEN THE TWO NOMINEES, NOT THAT NUMBER ONE ISN'T CERTAINLY WORTHY. I JUST THINK, YOU KNOW, THAT PRIOR ACKNOWLEDGMENT IS CONSIDERABLE, AND THIS OTHER [03:20:02] INDIVIDUAL IS, YOU KNOW, MAYBE NOT AS PERSONALLY WELL ENDOWED, BUT CAME UP WITH SOMETHING THAT REALLY HAS CONTRIBUTED, I THINK, IN A VERY VAST WAY, TO THE CITY. THANK YOU. SO AT THIS TIME I WILL TAKE BY A SHOW OF HANDS FOR A NOMINEE, NUMBER ONE. THERE'S A MAJORITY VOTE. FOR ONE IS THE WINNER. THANK YOU. NEXT ON THE LIST THERE ARE BY DISTINGUISHED BY LETTERS A, B, AND C. D AND E I'M SORRY AND D AND E ON THE BACK. SO THERE ARE A TOTAL OF FIVE. ARE THERE ANY NOMINATIONS FOR THE ORGANIZATION? I'D LIKE TO NOMINATE A. HAVE A NOMINATION FOR A. I'D LIKE TO NOMINATE D. WE HAVE A NOMINATION FOR D. YES PLEASE. I'D LIKE TO NOMINATE E. WE HAVE A NOMINATION FOR E AND PROBABLY BY SO. I'LL JUST SO WE'LL DO IT BY I GUESS IT'LL KIND OF HAVE TO BE A RUNOFF. SO NOMINATIONS FOR A, I MEAN VOTES FOR A. HEY YOU KNOW OKAY, OKAY. VOTES FOR D. TWO. AND VOTES FOR E. THREE. SO BY A SHOW OF HANDS SO THAT WE WILL NOW DO A. I'M SORRY. YEAH. HOW DO YOU ELIMINATE. A VOTE. JUST READ. WELL YOU'VE GOT TO DO THEM ALL AGAIN. YEAH. SO HOW MANY NOMINATIONS DID WE HAVE FOR A TWO. TWO. OH I DIDN'T SEE THE SECOND ONE I APOLOGIZE I JUST SAW OKAY COULD WE HAVE SOME COMMENTS BEFORE. SO VOTING WE WOULD LIKE TO PROVIDE SOME ADDITIONAL COMMENTS ON A AND D. I WOULD JUST SAY A HAS BEEN THIS ORGANIZATION HAS ACTUALLY GIVEN BACK TO THE COMMUNITY FOR SUBSTANTIAL NUMBER OF YEARS TO, YOU KNOW, SOMEWHERE OVER A HALF $1 MILLION OVER THE TIME. AND IT'S JUST NOT ONE ORGANIZATION THAT THEY TOUCH, BUT IT IS MULTIPLE ORGANIZATIONS THROUGHOUT MCKINNEY. AND THIS IS, YOU KNOW, SOMEBODY THAT OR AN ORGANIZATION THAT'S A PRIVATE ENTITY THAT'S GIVING BACK TO DO GOOD IN THE COMMUNITY. SO. ON NOMINEE D DO. JUST SPEAKING WITH RESPECT TO D. YOU KNOW, THIS IS AN ENTITY WITH A LOT OF HEART. SMALL NUMBERS THAT HAVE GROWN OVER TIME MAKING A BIG IMPACT IN AREAS THAT REALLY BENEFIT ALL OF MCKINNEY. ALL OF THE ENTITIES THAT THEY ENHANCE ARE AVAILABLE TO EVERYBODY IN THE CITY. WIDESPREAD USAGE, MANY, MANY HOURS OF COMMITMENT. TRULY, I THINK A QUALITY OF LIFE IMPACT BECAUSE WHAT THEY'RE DOING IS, YOU KNOW, THEY REPRESENT GEMS ACROSS OUR CITY. AND I THINK THE DEMONSTRATION OF THE WAY THAT THEY HAVE RALLIED VOLUNTEERS OVER TIME AND JUST GROWN IN THE NUMBERS OF PEOPLE, THE NUMBER OF HOURS AND THE TANGIBLE IMPACT IS JUST IS REALLY COMMENDABLE. OKAY. SO I'LL SPEAK TO E SINCE I WAS WHEN WE TALK ABOUT COLLABORATION AND WE TALK ABOUT COMING TOGETHER FOR,, FOR GREAT CAUSES, I THINK THIS COLLABORATIVE OF THE ENTITIES WHERE REALLY, REALLY COMING TOGETHER TO ENSURE THAT VULNERABLE COMMUNITIES ARE, THAT ARE IMPACTED. WE HAVE A LOT OF GIVERS AND A LOT. BUT WHEN YOU CAN COLLABORATE, I THINK THERE IS A HUGE WHEN YOU CAN COLLABORATE ACROSS DIFFERENT ENTITIES, INDIVIDUAL PARTNERS, YOU KNOW, FAITH BASED PARTNERS. SO I JUST THOUGHT THAT BECAUSE OF THIS COLLABORATION, IT IS A [03:25:03] TESTAMENT TO WHAT OUR COMMUNITY IS ABOUT, BECAUSE SOMETIMES IT CAN BE HARD. YOU CAN BE INDIVIDUALLY GREAT AND DO GREAT THINGS, BUT WHEN YOU BRING TOGETHER DIFFERENT ENTITIES TOGETHER, I THINK THERE IS A TESTAMENT TO WHAT MAKES US UNIQUE IN THE CITY OF MCKINNEY. THAT WAS MY RATIONALE FOR MAKING THIS NOMINATION FOR THIS COLLABORATIVE. SO WE'LL GO BACK AND WE WILL I WILL ACCEPT VOTES FOR A. VOTES FOR D. AND THEN VOTES FOR E. THE TOTAL OF. 66. BASED ON THAT, IT WOULD APPEAR THAT E RECEIVED THE MAJORITY VOTE. SO WE WE'RE DONE. SO ALL AWARD WINNERS WILL BE NOTIFIED WITHIN THE NEXT FEW WEEKS. AND THEN THE PRESENTATION WILL BE HELD JUNE. WAS IT AT THE END OF FEBRUARY? FEBRUARY 28TH AT THE CHAMBER AWARDS. SO I THANK YOU ALL FOR YOUR NOMINATIONS. AND I JUST WANT TO SAY THAT EACH OF THESE NOMINEES ARE NEAR AND DEAR TO ALL OF OUR HEARTS, AND WE ARE SO GRATEFUL TO BE. WE'RE GRATEFUL TO HAVE THIS MANY PEOPLE THAT WE'RE TRYING TO DECIDE WHO DO WE LIFT UP? BECAUSE EVERY ONE OF THEM ARE VERY VALUABLE AND HAVE BEEN VERY VALUABLE TO OUR COMMUNITY. SO THANK YOU ALL TO WHO SUBMITTED THOSE NOMINATIONS AND THE COMMUNITY. NOW WE WILL GO. WE NOW CAN I GET A MOTION TO ADJOURN? SO MOVED. ARE THERE ARE THERE ANY COMMENTS? NO COMMENTS. SO CAN I GET A MOTION TO ADJOURN? SO MOVED. MOVED BY DAVID RITCHIE. SECOND. SECOND BY CHRIS. WE WERE NOT DOING BOARD COMMENTS. OH YOU WANT YOU WANT TO. OH I'M KIDDING, I'M KIDDING. OH, HOLD YOUR COMMENTS UNTIL [BOARD COMMENTS] NEXT MONTH. I'M SORRY. I GOTTA MAKE 1 OR 2 COMMENTS. I TALKED ABOUT THE STUFF IN LA, BUT ACTUALLY THE STUFF IN NEW ORLEANS ALSO OCCURRED ABSOLUTELY IN OUR LAST MEETING. AND I JUST WANT TO ABSOLUTELY MAKE SURE WE'RE ALSO KEEPING OUR THOUGHTS THERE. YEAH, AND I APOLOGIZE. THERE'S SO MUCH GOING ON IN MY HEAD. I MISS SOME OF THOSE. REALLY. OKAY. SO OKAY. ADJOURNED. WE ADJOURNED. WE ADJOURNED. ANONYMOUS. ALL OF US. OH, YEAH. AND THE TIME IS 1221. OH. BUT I * This transcript was compiled from uncorrected Closed Captioning.