Feb 18, 2025 McKinney Economic Development Corporation

[CALL TO ORDER]

[00:00:05]

GOOD MORNING. WELCOME TO THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING. IT IS TUESDAY, FEBRUARY 18TH, 2025. WE'RE IN THE COUNCIL CHAMBERS, THE OLD COUNCIL CHAMBERS AT 222 NORTH TENNESSEE STREET IN MCKINNEY, TEXAS. AT THIS TIME, WE'LL CALL THE MEETING TO ORDER.

THIS MEETING IS BEING BROADCAST ON LIVE TV THROUGH SPECTRUM CHANNEL 16, AT&T U-VERSE CHANNEL 99 AND ONLINE. THE FIRST AGENDA ITEM IS PUBLIC COMMENTS ON ANY AGENDA ITEMS ANYBODY WOULD LIKE

[CONSENT ITEMS]

ALL IN FAVOR? I. I. EVERYBODY. EVERYBODY. EVERYBODY. NEXT WE HAVE REPORTS. 25 2446. CITY OF

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

MY NAME IS PAUL GRIMES, CITY MANAGER. GOOD MORNING. LAST MEETING IN THIS FACILITY. SO LET'S MAKE IT A GOOD ONE. RIGHT? AS OF, WELL, I SHOULD SAY WE HAVE OUR COUNCIL MEETING TONIGHT. OF COURSE. YOU YOU'RE HAVING YOUR JOINT MEETING AT 4 P.M. TODAY. BUT OUR NEXT COUNCIL MEETING, OUR NEXT SET OF BOARD MEETINGS WILL BE IN THE NEW COUNCIL CHAMBER AT THE NEW CITY HALL. THE TECHNOLOGY IS UP AND WORKING, SO WE'RE EXCITED ABOUT THAT. I THINK SOME OF YOU, IF YOU HAVEN'T BEEN CONTACTED ALREADY, YOU WILL GO IN AND GET A LITTLE BIT OF HIGH LEVEL TRAINING. NOTHING HEAVY DUTY, BUT YOU'RE YOU'LL HAVE A CRESTRON, A NEW CRESTRON. WE'LL TALK ABOUT THE VOTING PROCEDURES A LITTLE BIT DIFFERENT. WE THINK IT'LL BE BETTER. SO WE'RE EXCITED ABOUT THAT. AND WE WILL LOOK FORWARD TO HAVING OUR NEXT MEETING. EDC MEETING IN MARCH AT THE NEW CHAMBER OR THE NEW CITY COUNCIL OR NEW CITY HALL? COUNCIL CHAMBER. OKAY, A COUPLE THINGS TO UPDATE YOU ON. WE HAVE A SHORT RECEPTION TONIGHT. IN THIS ROOM. KIM FLOM, ASSISTANT CITY MANAGER, IS LEAVING US IN ABOUT TWO WEEKS. THIS IS HER LAST COUNCIL MEETING. SO WE ARE GOING TO GIVE HER A LITTLE SENDOFF. WE'LL BEG HER ONE LAST TIME NOT TO LEAVE. BUT I DON'T THINK IT'LL WORK. I THINK SHE'S LOCKED AND LOADED. IT'S A GOOD OPPORTUNITY FOR HER AND HER FAMILY. OF COURSE. BUT WE WILL MISS HER. BUT THIS WILL BE AN OPPORTUNITY. IF YOU FEEL LIKE COMING BY IT, CERTAINLY DO THAT. THE SEARCH FOR KIM'S REPLACEMENT IS PROGRESSING. YESTERDAY WE HAD IT ALL DAY SET OF INTERVIEWS. WE INTERVIEWED SIX SEMIFINALISTS FOR ASSISTANT CITY MANAGER.

WE'RE GOING TO NARROW IT DOWN TO THREE, AND WE WILL HAVE THEM COME BACK IN ABOUT A WEEK AND A HALF OR SO. FOR FINAL INTERVIEWS, AND WE'LL MAKE A DECISION IMMEDIATELY. PROBABLY BY THE 1ST OF MARCH. WE WILL HAVE THE DECISION MADE ON WHO OUR NEXT ASSISTANT CITY MANAGER WILL BE. WE'VE GOT TERRIFIC CANDIDATES. WE HAD 160 ISH CANDIDATES FOR THE POSITION. THE RECRUITER DID ALL THE HARD WORK AND NARROWING IT DOWN TO ABOUT 15 OR 20. THEN WE CULLED IT DOWN TO SIX, AND IT'S SORT OF LIKE GOING THROUGH A BASKETBALL TOURNAMENT. IT'S ONLY GOING TO BE ONE TEAM THAT'S HAPPY. SO UNFORTUNATELY. BUT ANYWAY, WE ARE BLESSED THAT WE'VE HAD SUCH A GOOD POOL OF CANDIDATES FOR THIS POSITION. WE HAVE A COUNCIL AND MAYORAL CANDIDATE ORIENTATION. THIS IS SOMETHING THAT'S KIND OF UNIQUE TO MCKINNEY. I'VE NEVER SEEN IT IN ANY OTHER CITY. WE DO, AND I'VE TALKED TO OTHER CITY MANAGERS. THEY DON'T DO IT EITHER, BUT WE DO A COUNCIL CANDIDATE ORIENTATION WHERE FOLKS WHO ARE RUNNING FOR OFFICE, WE BRING THEM IN, WE FEED THEM, WE LIKE WHAT'S OUR TRADITION, WE FEED THEM BREAKFAST, WE FEED THEM LUNCH, AND WE WALK THROUGH. THEY MEET ALL OF OUR PRIMARY DEPARTMENTS AND WE WALK THROUGH THE DEPARTMENTS WHAT THEY DO. PRIMARILY, WE FOCUS ON SOME OF THE MAJOR INITIATIVES AND PROJECTS THAT ARE UNDERWAY. WE TAKE LOTS OF QUESTIONS, AND USUALLY THE FOLKS SHOW UP AND THEY APPRECIATE IT. THEY APPRECIATE HAVING THE OPPORTUNITY TO GET SOME INFORMATION FROM STAFF AND WHAT'S HAPPENING IN THE CITY, AND WE'LL KEEP DOING IT. IT'S BEEN DONE WELL, PREDATES ME COMING HERE, BUT I THINK IT'S A TRADITION WORTH CONTINUING HERE IN MCKINNEY BECAUSE IT MAKES FOR, I THINK, A BETTER, MORE INFORMED SET OF ELECTORS THAT ARE RUNNING FOR OFFICE. SO WE'RE LOOKING FORWARD TO THAT AGAIN. THAT IS FRIDAY, MARCH 7TH. WE HAVE A NORTH COLLIN COUNTY NEIGHBORHOOD SERVICES OR NEIGHBORHOOD CONFERENCE COMING UP ON MARCH 8TH, SO THAT FRIDAY WILL BE MARCH 7TH. AND THE NEXT SATURDAY MORNING, MARCH 8TH, WE'LL HAVE AT THE MISD COMMUNITY EVENT CENTER AT THE FOOTBALL STADIUM. THEY WILL HAVE BE HOSTING THE NORTH COLLIN COUNTY NEIGHBORHOOD CONFERENCE. LOTS OF FOLKS WILL BE SHOWING UP. MY GUESS IS PROBABLY BECAUSE IT'S AN ELECTION YEAR. THERE MIGHT BE A LITTLE BIT MORE PEOPLE JUST GUESS. AND I BELIEVE I HAVE ONE OTHER ITEM TO SHARE WITH YOU. OH YES. HOW COULD I FORGET THIS?

[00:05:05]

3000 SPECTATORS DURING THE WEEKEND. SO MCKINNEY SHOULD BE ROCKING AND ROLLING OVER THERE AT THE COURTS AND HOPEFULLY ALL OVER THE CITY COME MARCH 12TH THROUGH THE 16TH. TICKETS ARE ON SALE ON THE PGA WEBSITE. IF YOU KNOW ANYONE WHO IS INTERESTED. ALSO, IF YOU FOLLOW OUR SOCIAL MEDIA, THERE'S A DISCOUNT CODE YOU CAN USE FOR MCKINNEY RESIDENTS THAT WILL GIVE YOU A LITTLE DISCOUNT TO GET IN. AND THERE'S GOING TO BE A LOT OF MCKINNEY PEOPLE PLAYING TOO. SO EXCITED TO SEE THAT HAPPEN AND LOOK FORWARD TO SEEING MAYBE SOME OF YOUR FACES OVER THERE.

THE SECOND ONE IN APRIL, INTERNATIONAL GIRLS CUP OF MCKINNEY, A PARTNERSHIP WITH OUR PARKS AND RECREATION DEPARTMENT. WE'VE BEEN WORKING ON THIS FOR A COUPLE YEARS, ACTUALLY, TO GET THIS SOLIDIFIED IN MCKINNEY AT THE CRAIG RANCH SOCCER COMPLEX. UPWARDS OF 200 TEAMS, MAYBE AS MANY AS 250 TEAMS WILL PLAY DURING THAT TOURNAMENT. IT IS INTERNATIONAL. WE'VE ALREADY HAD MORE THAN SIX INTERNATIONAL TEAMS FROM MEXICO, BERLIN AND OTHER COUNTRIES SIGN UP TO PLAY, SO THEY'LL ARRIVE EARLY AND THEY'LL STAY QUITE A WHILE. SO WE'LL GIVE THEM A SPECIAL WELCOME AND MAKE SURE THEY THEY FILL THE MCKINNEY LOVE WHILE THEY'RE HERE. BUT ANOTHER INCREDIBLE EVENT. WE'RE EXCITED TO SEE IT TAKE PLACE. THEY'LL HAVE A KICKOFF EVENT AT TUBBS BREWERY. THE FIRST NIGHT OF THE OF THE TOURNAMENT, AND TYPICALLY IN THE PAST, THEY'VE HAD UPWARDS OF 30,000 PEOPLE SHOW UP TO THEIR KICKOFF EVENTS. SO WE SHOULD HAVE SOME FUN OVER THERE.

AND THEN WE'RE GOING TO GO STRAIGHT INTO THIS LITTLE AGAIN. I NEED TO MAKE INTERNATIONAL GIRLS CUP OF MCKINNEY DATE APRIL 16TH THROUGH THE 20TH. STOCK UP. THAT'S THE ACTUAL TOURNAMENT.

I'LL SEND YOU THE INVITE. YEAH. AND THEN LASTLY, WE'LL GO STRAIGHT INTO THIS LITTLE GOLF TOURNAMENT RIGHT AFTER THAT CALLED THE CJ CUP BYRON NELSON. SO IT'S GOING TO BE A REALLY BUSY SPRING IN MCKINNEY WITH SOME OF OUR MAJOR SPORTS STUFF HAPPENING. SO WE'RE REALLY EXCITED TO GET SOME OF THAT ROCKING AND ROLLING. THE LAST THING I HAVE FOR YOU IS I'M HEADED TO AUSTIN TOMORROW WITH TEXAS TRAVEL ALLIANCE. THIS IS ONE OF OUR STATE ASSOCIATIONS FOCUSED ON TRAVEL AND TOURISM. WE'RE GOING TO DO A RALLY AT THE CAPITOL, MEET WITH OUR LEGISLATORS, TALK ABOUT LEGISLATION THAT IMPACTS TRAVEL AND TOURISM, AND HAVE A GOOD TIME DOWN IN AUSTIN. I'LL STAND FOR ANY QUESTION. QUESTIONS. THANK YOU. THANK YOU SIR. OKAY.

WE HAVE COMMITTEE UPDATES. MARKETING. NO UPDATES. OKAY. REAL ESTATE. REAL ESTATE. LAST

[00:10:02]

INNOVATION. WE MET TO REVIEW AN APPLICANT. OKAY. AND ON GOVERNANCE WE'VE REVIEWED, YOU HAVE IN FRONT OF YOU POLICIES AND PROCEDURES THAT WE CAN TALK ABOUT. IF ANYBODY HAS ANY QUESTIONS AND THEN YOU'RE GOING TO COVER THAT ON ANOTHER AGENDA ITEM. YES SIR. ALL RIGHT. AND THEN IS BOARD CHAIRMAN COMMENTS. DON'T REALLY HAVE MUCH TO SAY TODAY. ACTUALLY I DON'T HAVE ANYTHING TO SAY TODAY. SO WE'LL JUST MOVE ON. YEAH. HOW ABOUT THAT? LET'S MAKE A NOTE OF THAT.

YEAH. DEAR DIARY. FEBRUARY 18TH BRIAN LOCKLEAR HAD NOTHING TO SAY. SO, NO, WE APPRECIATE YOU ALL BEING HERE. AND HOPEFULLY YOU'LL GET THROUGH THE COLD WEATHER NEXT FEW DAYS. SO WE'LL

[Consider/Discuss MEDC Monthly Reports]

PROJECT VENUE IS MOVING FORWARD. WE WILL BE HAVING PUBLIC MEETINGS COMING UP SOON. THEY WILL HOST MEETINGS AT THE SHERATON HOTEL. SO THE PUBLIC CAN COME DAYS AND TIMES TO BE ANNOUNCED SOON, BUT IT'S A CHANCE FOR THE PUBLIC TO LEARN MORE ABOUT THE LAYOUT OF THE FACILITY AND POTENTIALLY TRAFFIC AND SOUND ISSUES AS WELL. SO STAND BY FOR MORE DETAILS ON THAT. WE HAD A STAFF RETREAT ABOUT A WEEK AND A HALF AGO. OUR BOARD RETREAT IS SCHEDULED FOR MARCH 4TH. YOU WILL HAVE AN AGENDA FROM ME, IF NOT THIS WEEK, THEN FIRST THING NEXT WEEK IN PREPARATION FOR THAT. AND LASTLY, I WANT TO SAY A FEW WORDS ABOUT MR. MIKE WILKES. MR. WILKES HAS BEEN RUNNING OUR INNOVATION FUND NOW FOR OVER A YEAR. HE'S DONE A GREAT JOB. HE IS MOVING ON TO A NEW OPPORTUNITY. HIS LAST DAY IS FEBRUARY 27TH. IT'S A BIG LOSS FROM THE CULTURE OF OUR TEAM OVERALL. AND I'M TRYING TO THINK ABOUT THE BEST ANALOGY FOR WHAT MIKE HAS DONE. I'LL GO BACK TO SURFING SINCE IT'S A THEME THAT WE TALK ABOUT EVERY SO OFTEN. SO OUR PREDECESSORS, THE SHOULDERS OF THE GIANTS WE STAND ON TODAY, SET UP THE INNOVATION FUND TO LURE STARTUPS HERE. AND I EQUATE THAT TO A SURFER GOING OUT TO THE OCEAN, KIND OF PADDLING OUT AND CATCHING A BIG WAVE. I THINK MIKE IS THE FIRST ONE WHO KIND OF STOOD UP ON THE BOARD, IF THAT MAKES SENSE. HE'S KIND OF RIDING THE WAVE. BE A TOUGH JOB TO FILL. SENIOR VICE PRESIDENT MIKE AND I ARE WORKING ON MODIFYING THE JOB DESCRIPTION TO CAPTURE WHAT WE'RE LOOKING FOR.

SO THANKS FOR YOUR PATIENCE WITH THAT. WE WILL MAKE SOME DECISIONS ABOUT HOW TO KEEP MOMENTUM GOING WITH THE INNOVATION FUND, OR SLOW IT DOWN A LITTLE BIT AND MAKE SURE THAT WE'RE BEING GOOD PARTNERS IN PROVIDING GOOD CUSTOMER SERVICE. SO I WILL KEEP THE BOARD APPRIZED OF ANY UPDATES ON THAT, AND I'LL ASK MR. TAYLOR TO COME UP AND GIVE AN UPDATE ON THE ORGANIZATION. GOOD MORNING BOARD. MR. CHAIRMAN. MR. PRESIDENT, THANK YOU FOR HAVING MICHAEL TALLEY SENIOR VICE PRESIDENT MEDICI, JUMP INTO THE METRICS, THE KPIS. GO BACK A COUPLE PAGES I THINK. NOW THERE WE GO. SO CURRENT PROJECT PIPELINE 28. SO WE BROKE THIS OUT AS WELL. SO THIS IS KIND OF WHAT WE'RE TRANSITIONING TO. THE NEW PROJECTS FUNNEL THAT MR. KOSKI AND OUR NEW ANALYST ERIC HAS BEEN WORKING ON AS WELL. BUT OUR LEADS ARE AT SEVEN. AND THEN WE BROKE. WE'LL HAVE THIS ACTUALLY BROKEN OUT A LITTLE BIT DEEPER WHERE IT IS AT LEGAL OR OFFER LETTER AND THEN WHERE IT'S ACTUALLY ONE. OR WE'LL PROBABLY ADD SOME MORE CATEGORIES AS WELL. SOMETIMES WHEN WE GET INTO LEGAL, THERE'S A BIG QUESTION MARK AS TO WHO IS THAT OUR ATTORNEY. IS IT THEIR ATTORNEY? WHERE IS IT IN THE LEGAL PROCESS. SO WE'LL PROBABLY GO A LITTLE BIT DEEPER INTO CLARIFYING WHAT THAT IS AND THEN GO INTO THE NEXT SLIDE PLEASE.

INNOVATION FUND 11 APPLICATIONS IN JANUARY SCREENING EIGHT. ONE IS THAT LEGAL. AND THEN WE JUST COMMITTEE JUST APPROVED ONE FOR 2025 OUR FIRST 1 IN 25. NOW I WANT TO GIVE YOU A QUICK PREVIEW OF WHAT WE'VE BEEN WORKING ON WITH THE PROJECTS FUNNEL. MELANIE, IF YOU WILL PULL THAT

[00:15:03]

RIGHT. GETTING DATA THAT'S USABLE. THIS IS JUST STEP ONE IN THE PROCESS. WHAT'S NEAT ABOUT THIS? THIS IS AN INTERACTIVE DASHBOARD THAT STAFF CAN OPERATE RIGHT NOW. WE CAN CLICK ON DIFFERENT THINGS, SLICE UP THE DATA, LOOK AT DIFFERENT METRICS. MY VISION IS TO GIVE THE BOARD MEMBERS ACCESS TO THIS AS WELL IN REAL TIME. SO ANY DAY OF THE WEEK, ANY TIME OF DAY, YOU CAN LOG IN, SEE IT, PLAY AROUND WITH IT AND SEE WHERE WE ARE WITH STUFF AND WE'LL UPDATE AUTOMATICALLY. RIGHT? YEAH, YOU'LL HOPEFULLY BE ABLE TO LOOK AT THAT. IF SOMEONE'S ASKING YOU A QUESTION ABOUT CAPITAL INVESTMENT THAT WE'VE GOT IN THE PIPELINE AND THINGS OF THAT NATURE, JOBS, ETC, YOU'LL BE ABLE TO PULL THAT UP. AND THEN LASTLY, I JUST LIKE TO ECHO WHAT MR. KOSKI SAID ABOUT MR. WILKES. HE'S BEEN A GREAT ASSET TO OUR ORGANIZATION. WE KIND OF JOKED THAT WE GAVE HIM THE KEYS AND DIDN'T GIVE HIM A SPEED LIMIT, BUT HE'S REALLY TAKEN OUR INNOVATION FUND TO THE NEXT LEVEL. YOU CAN YOU CAN SEE THAT WHEN YOU GO TO EVENTS AND TALK TO OTHERS AND JUST THE NETWORK HE'S BUILT, BUT BUILDING OUT THAT NETWORK AND BUILDING OUT THAT VISIBILITY OF THE FUND, WE KNEW EVENTUALLY SOMEONE WOULD TRY TO PULL HIM OVER. SO WE'RE EXCITED FOR HIM, BUT HOPEFULLY WE CAN GET A GREAT PERSON IN TO REPLACE HIM. AND THEN HE ISN'T GOING FAR. HE'S JUST COMING DOWNTOWN TO THE OFFICE HERE AT PLUG AND PLAY, SO WE'LL BE ABLE TO WORK WITH HIM PRETTY MUCH ON A WEEKLY BASIS. SO IF NOTHING ELSE, I'LL STAND FOR ANY QUESTIONS. QUESTIONS. ALL RIGHT. THANK YOU. THANK, MANAGER. LUKE WILL WALK US THROUGH THE MARKETING ACTIVITIES. GOOD MORNING, MR. CHAIRMAN. MR. PRESIDENT, MEMBERS OF THE BOARD.

LUKE GAJJAR, MARKETING AND SOCIAL MEDIA MANAGER FOR THE MEDICI. THANK YOU. MELANIE.

FLYING SOLO AT THE DESK TODAY FOR ALL YOUR HELP COORDINATING OUR SLIDES AND JUGGLING TABS.

JUST A QUICK SNAPSHOT HERE, AS ALWAYS OF OUR MARKETING ANALYTICS. THE FULL REPORT IS INCLUDED IN YOUR ORGANIZATIONAL REPORT AND YOU CAN SEE HERE OUR WEBSITE. TRAFFIC CONTINUES TO ENGAGE VERY WELL. COMBINATION OF ORGANIC SOCIAL MEDIA AND OUR PAID ADVERTISING PRESENCE IN CERTAIN AREAS THAT ARE HIGH COST OF LIVING, LOW QUALITY OF LIFE, THINGS LIKE THAT. AGAIN, WE'RE OUTPERFORMING OUR PREVIOUS TARGETS BY QUITE A HIGH MARGIN, AND IT'S COMBINED EFFORTS OF A LOT OF CLARIFIED MESSAGING AND A GOOD MARKETING STRATEGY. NOT TO PAT MYSELF ON THE BACK, BUT IT'S A TEAM EFFORT HERE. SO MELANIE, IF YOU GO TO THE NEXT SLIDE, I JUST WANT TO HIGHLIGHT A COUPLE OF QUICK THINGS. LAST MONTH ALONE, WE HAD 171 ADDITIONS TO OUR LINKEDIN PAGE. AND I'M KIND OF AT THE MOMENT LOOKING AT THAT SCRATCHING MY HEAD, WHAT DID WE DO LAST MONTH? WELL, COME TO FIND OUT, WE SPONSORED AN EVENT CALLED DALLAS MEETUP, WHICH FAR AND AWAY IS THE MOST VALUE WE'VE GOTTEN OUT OF A SPONSORSHIP. WHEN YOU COMPARE DOLLAR TO IMPACT, OVER A THOUSAND PEOPLE AT COMMUNITY BEER CO IN DALLAS, IS THAT CORRECT? OVER A THOUSAND, YES. AND JUST FROM THAT ONE EVENT, OUR LINKEDIN, YOU CAN SEE THE SPIKE IN THE IN THE ANALYTICS. OUR LINKEDIN JUMPED UP. SO GREAT COMMUNITY PARTNER IN DALLAS MEETUP. THEY ARE MARKETING WIZARDS. THEY KNOW HOW TO GATHER A CROWD. AND I ANTICIPATE US BEING ENGAGED WITH THEM. THANK YOU AGAIN TO MR. CHARLIE FOR FINDING THAT OPPORTUNITY. AND IT'S A GOOD KIND OF SNAPSHOT OF OUR EFFORTS TO ENGAGE GLOBAL AND INTERNATIONAL AUDIENCES ONLINE, BUT THEN ALSO FIND GOOD COMMUNITY PARTNERS THAT ARE CONNECTED TO THE RIGHT AUDIENCES AND ENGAGING WITH THOSE AS WELL.

SO WITH THAT, I'LL STAND FOR ANY QUESTIONS. SO, LUKE, I THINK IT'S GREAT THAT YOU'VE GOT, YOU KNOW, METRICS AROUND ACTUAL IMPACT OF THESE EVENTS. THAT'S NOT SOMETHING THAT I SEE A WHOLE LOT FROM MARKETING PEOPLE. SO I REALLY APPRECIATE THAT. I'M GOING TO REITERATE, IF YOU LOOK AT OUR WEB TRAFFIC, THE TOP FIVE SITES ARE ALL IN SUNNY CALIFORNIA. AND THIS WOULD BE A

[00:20:04]

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

THEY HAVE A GOOD MONTH COMING IN. SO I'M SURE THEY'RE NOT AS WORRIED AFTER THAT. BUT WE HAD A GOOD DECEMBER AS WELL. WE JUST GOT THOSE NUMBERS IN. SO I'LL BE TALKING ABOUT THAT PROBABLY NEXT MONTH IF WE GO TO THE NEXT TAB. THE SALES TAX BY TRADE. THIS IS OUR YEAR TO DATE VARIANCES. SO IT SHOWS US OUR WHERE WE'RE AT AFTER THE FIRST QUARTER. RETAIL TRADE IS ONLY UP 2%. THAT IS DOWN FROM LAST YEAR. WE TRENDED AROUND 6% ALL THROUGH LAST YEAR. BUT THEN LOOKING AT SOME OF THE OTHER THINGS, A LOT OF THOSE THINGS WILL KIND OF GO UP AND DOWN. I'M NOT TOO WORRIED ABOUT ANYTHING YET, ESPECIALLY SEEING THE DECEMBER NUMBERS THAT CAME IN IN A COUPLE MONTHS. BUT IT IS WORTH NOTING THAT AT THIS TIME LAST YEAR, THE FIRST QUARTER, OUR RETAIL TRADE WAS AT 6%. SO THAT IS SHOWING IF THAT REPRESENTS ANYTHING TO YOU ABOUT THE ECONOMY AND STUFF LIKE THAT, IT IS SOMETHING THAT WE'RE NOTING ON OUR SIDES AND WE'RE ALWAYS FACTORING INTO OUR PROJECTIONS. BUT WITH DECEMBER BEING STRONG FOR MCKINNEY, IT DOES MAKE ME FEEL BETTER. AND YOU'LL SEE THOSE NUMBERS IN A COUPLE OF MONTHS. BUT AT THIS TIME, I'LL BE HAPPY TO ANSWER ANY QUESTIONS. THANK YOU. THANK CHANCE FOR WORKING WITH ERIC BEHIND THE SCENES TO KIND OF HELP HIM GET UP TO SPEED ON OUR FINANCIAL DATABASES. I KNOW THAT THE OVERALL GOAL IS TO MAYBE REFRESH SOME OF THESE EXHIBITS FOR THIS GROUP HERE, SO WE CAN SEE MORE TREND LINES AND WHATNOT. SO THANK YOU IN ADVANCE. YEAH OF COURSE. THANK YOU. IF THERE'S NO OTHER QUESTIONS AND WE NEED A MOTION ON THE FINANCIALS, I'LL MAKE A MOTION TO APPROVE. SECOND.

SECOND BY THAD. ALL IN FAVOR? AYE. MOTION PASSES. ALL RIGHT. WE HAVE PUBLIC. NO. NEXT ITEM,

[Consider/Discuss/Act on MEDC Supplemental Policies and Procedures Update]

WHAT WE TRY TO DO IS MAKE IT AS SIMPLE AS POSSIBLE. SO FOR INSTANCE, EACH ONE PAGE IN HERE IS A SEPARATE TOPIC. SO SHOULD WE AS A GROUP DECIDE TO AMEND SOMETHING. IT'S NOT AMENDING IT 30 OR 40 PAGE DOCUMENT. IT'S ONE PAGE. SO IT'S PRETTY EASY TO SLIP IN AND OUT MODIFICATIONS OVER TIME. MY COMMITMENT IS ONCE A YEAR WE'LL COME TOGETHER, REVISIT THIS AROUND THE SAME TIME EACH YEAR, AND MAKE MODIFICATIONS IF NEEDED. ALL RIGHT, ANY QUESTIONS? AND I'LL ENTERTAIN A MOTION ON THIS. I'LL MAKE A MOTION THAT WE APPROVE THIS DOCUMENT AS PRESENTED.

[00:25:02]

[EXECUTIVE SESSION]