[00:00:01] DON'T WANT. WE'RE READY. WE GOOD? ALL RIGHT. GOOD MORNING. IT IS TUESDAY, MAY 20TH, AND WE [CALL TO ORDER] ARE IN THE NEW COUNCIL CHAMBERS. I WILL BRING THE EDC TO ORDER. WITH THAT, I JUST WANT TO REMIND EVERYBODY THAT WE DO HAVE A LIVE BROADCAST, AND YOU CAN FIND US ON YOUR FAVORITE SPECTRUM CHANNEL. I'LL START TO CALL THE ORDER, AND THEN I WILL GO TO PUBLIC COMMENTS. ANY PUBLIC COMMENTS? SEEING NOBODY STAND UP, I WILL MOVE TO THE NEXT OF SHARING INFORMATION. ANNOUNCE A TIME TO OH, I'M SORRY, IT IS 801. THANK YOU. SORRY. AND I WILL START BY THE SHARING OF [Update on 2025 McKinney Board & Commission Member Appointments] INFORMATION OF 25 DASH 20 817 UPDATE ON THE 2025 MCKINNEY BOARD AND COMMISSION MEMBER APPOINTMENT. GOOD MORNING. CHAIR AND BOARD. MY SECRETARY, JUST A QUICK MOMENT TO REMIND YOU ALL OF THE UPCOMING CITY COUNCIL'S PROGRAM TO APPOINT BOARD MEMBERS FOR THE UPCOMING FISCAL YEAR, OCTOBER 1ST. AS YOU MAY KNOW, IN AUGUST, THE COUNCIL TAKES TIME TO CONSIDER ALL BOARD APPOINTMENT APPOINTMENTS, BUT ESPECIALLY THOSE WHO HAVE TERMS EXPIRING IN THE CALENDAR YEAR. IN YOUR PACKET FOR THE AGENDA, THERE IS A LISTING WITH INFORMATION ABOUT THE INTERVIEW PROCESS AND APPLICATION PROCESS FOR THOSE WHO ARE ELIGIBLE, AND INTEREST TO CONTINUE SERVICE. THAT INCLUDES INCUMBENT MEMBERS ON YOUR BOARD, AS WELL AS OTHER BOARDS AND MEMBERS OF THE COMMUNITY WHO ARE INTERESTED IN SERVING AS WELL. THAT APPOINTMENT DATE WILL TAKE PLACE ON AUGUST 26TH, LATER THIS SUMMER, AND THERE WILL ALSO BE AN INTERVIEW SCHEDULE THAT WILL BE EXTENDED TO ANYONE WHO MEETS THOSE ELIGIBILITY REQUIREMENTS. AND YOU CAN SIGN UP FOR YOUR INTERVIEW THAT WILL BE HELD IN JULY OR AUGUST. WE ALSO ENCOURAGE THOSE OF YOU WHO MAY AGAIN BE INTERESTED IN CONTINUING HIS SERVICE TO BE APPRIZED OF VARIOUS REQUIREMENTS, INCLUDING STATE REGULATIONS, YOUR OWN BYLAWS, AS WELL AS THE POLICIES THAT RELATE TO THE BOARDS AND COMMISSION. REFERENCES TO THAT INFORMATION IS IN THE AGENDA PACKET AS WELL. THE MEDICI BOARD IS ELIGIBLE FOR THREE CONSECUTIVE TWO YEAR MEMBERSHIP TERMS AT THE DISCRETION OF THE CITY COUNCIL. SO AGAIN, I ENCOURAGE YOU TO REVIEW THOSE LISTING OF MEMBERS WHO HAVE TERMS EXPIRING IN 2025 AND CONSIDER REAPPLYING IF THAT IS YOUR INTENT. AND AT THIS TIME, JUST THANK YOU ALL FOR YOUR SERVICE TO THE CITY'S RESIDENTS FOR SERVING ON THIS BOARD. I'LL STAND FOR ANY QUESTIONS YOU MAY HAVE. ANY QUESTIONS? MEMBERS, THANK YOU FOR KEEPING ALL THIS ORGANIZED AND ON TRACK. WE APPRECIATE THAT AS WELL. WELL THANK YOU AND YOU [CONSENT ITEMS] GUYS HAVE A GREAT MORNING. THANK YOU. ALL RIGHT. MOVING ALONG. WE WILL MOVE TO OUR CONSENT ITEMS. I'M GOING TO TAKE 25 DASH 28 ONE EIGHT MINUTES OF THE JOINT MEETING. YOU WANT TO TAKE ALL OF THEM OR TAKE ONE AT A TIME. LET'S DO ALL OF THEM. ALL THE CONSENT ITEMS WILL TAKE AT ONE TIME. SO 25 DASH 20 818 THE MEETING OF THE JOINT MEETING OF MCKINNEY CITY COUNCIL MCKINNEY ECONOMIC DEVELOPMENT CORPORATION MEETING OF FEBRUARY 18TH, 2025 2528 EIGHT 19 MINUTES OF THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION MEETING OF MARCH 18TH, 2025 AND THEN THE LAST ONE IS 25 28 20 MINUTES OF THE JOINT MEETING OF CITY COUNCIL, MCKINNEY ECONOMIC DEVELOPMENT CORPORATION AND THE MCKINNEY COMMUNITY DEVELOPMENT CORPORATION FOR MARCH 18TH, 2025. I'M LOOKING FOR A MOTION. MAKE A MOTION TO APPROVE ALL THREE MINUTES. SECOND MOTION BY SCOTT, SECOND BY TED. ALL IN FAVOR? DID YOU PUSH YOUR BUTTON, TED? POPPING UP? MINE'S NOT POPPING UP. YOU GOT IT. SOMEBODY DID IT FOR YOU, TED. THANK YOU. ALL RIGHT. WHAT'S YOUR NAME AGAIN? THAT WHAT HAPPENS? I DON'T KNOW. MOTION APPROVED. WITHDRAWAL OF MOTION. ALL RIGHT. THANK YOU. KNOW WHAT? MOTION PROGRESS. OH, THERE WE GO. DID YOU HIT THE GREEN BUTTON, TED? YES. LOOK AT THAT. LOOK AT THAT. GREENS ALL AROUND. GOOD JOB, FELLAS. AND CHANTELLE. ALL [Board and Liaison Updates City of McKinney Chamber of Commerce Community Development Corporation Visit McKinney MEDC Committee Updates Board Chairman] [00:05:03] RIGHT, WE'LL MOVE ON TO THE REPORTS. 25 2821 BOARD AND LIAISON UPDATES. CITY OF MCKINNEY IS UP FIRST. GOOD MORNING, MR. VICE CHAIR. MR. PRESIDENT, MEMBERS OF THE BOARD. MY NAME IS PAUL GRIMES, CITY MANAGER. I'M GOING TO MOVE MY IPAD OVER HERE. MY NOTES I'M STILL TRYING TO GET USED TO THE CONFIGURATION HERE. WHICH ONE WORKS BEST FOR ME. SO A FEW ITEMS TO SHARE WITH YOU. SUNDRY MATTERS. FIRST ONE IS TONIGHT WILL BE THE FIRST OF THREE CONSECUTIVE MEETINGS WHERE WE'LL HAVE SOMETHING GOING ON WITH THE CITY COUNCIL. WE HAVE TONIGHT. WE'LL BE SWEARING IN FOR THE SECOND TERMS. COUNCILWOMAN FELTUS AND COUNCILMAN JUSTIN BELLER. SO THEY WILL WILL HAVE CAKE TONIGHT. WE'LL HAVE CAKE ON JUNE 3RD BECAUSE ON JUNE 3RD, WE THAT WILL BE THE LAST MEETING. THE LAST COUNCIL MEETING FOR MAYOR FULLER AND COUNCILMAN PHILLIPS AS THEY RUN OFF ELECTION WILL BE SHORTLY THEREAFTER. AND THE NEW THE WINNERS OF THE RUNOFF ELECTION WILL BE SWORN IN AT THE THIRD OF THESE EVENTS, AND THAT WILL BE ON JUNE 17TH. WE WILL HAVE CAKE AT ALL OF THEM. SO IF ANYBODY WANTS SOME CAKE, WE'RE GOING TO HAVE PLENTY. BUT IT'S A GREAT OPPORTUNITY FOR FRIENDS AND FAMILY AND OTHERS TO COME WATCH DEMOCRACY IN ACTION AND SEE THE TRANSITION FROM ONE TO THE OTHER AND THE SWEARING IN CEREMONY. SO THAT WILL. BE COMING UP. WE ALSO HAVE SOME ITEMS I WANTED TO SHARE WITH YOU IN TONIGHT'S COUNCIL AGENDA AND WORK SESSION. AT THE COUNCIL MEETING TONIGHT. WE DO HAVE OUR INPUT, CITIZENS INPUT ON THE BUDGET. SO THIS IS WE DO THIS EVERY YEAR WHERE WE ALLOW IT'S NOT A PUBLIC HEARING. IT'S JUST BASICALLY AN OPPORTUNITY FOR CITIZENS TO COME IN AND SHARE THEIR PERSPECTIVES ON THE BUDGET, THEIR PRIORITIES, ETC. REALLY KIND OF KICKS OFF THE, THE, THE, THE SUMMER SEASON OF BUDGET BECAUSE IT REALLY STARTS MOVING IN FULL GEAR. OVER THE COMING MONTHS. WE WILL BE PRESENTING THE BUDGET IN EARLY AUGUST, AND THEN THE BUDGET WILL BE ADOPTED IN EARLY SEPTEMBER. BUT WE DO GET PUBLIC INPUT AS WELL AS PART OF THAT PROCESS. THE OTHER THING I WANTED, LET ME PULL THIS UP REAL QUICK. TONIGHT AT COUNCIL WORK SESSION AT 3 P.M. THIS AFTERNOON, SEVERAL ITEMS TO TALK ABOUT. ONE OF THEM WE'RE GOING TO DO IS WE'RE GOING TO WE HAVE SOME UPCOMING ROAD WORK BEING DONE ON EL DORADO AND VIRGINIA PARKWAYS, AND OUR ENGINEERING TEAM AND OUR PUBLIC WORKS. RYAN GILLINGHAM OF PUBLIC WORKS, GARY GRAHAM OF ENGINEERING ARE GOING TO COME FORWARD AND TALK A LITTLE BIT ABOUT OUR STRATEGY WITH HOW WE APPROACH ROAD MAINTENANCE, ROAD REPLACEMENT OF CONCRETE PANELS ALONG THESE MAJOR THOROUGHFARES. IT'S A MATTER OF MONEY AND MAKING OUR MONEY LAST LONGER AND STRETCH FURTHER. AND WE'LL BE TALKING ABOUT THAT. IN ANSWERING QUESTIONS OF THE CITY COUNCIL. THE COUNCIL REQUESTED TO HAVE THIS BROUGHT FORWARD FOR PUBLIC DISCUSSION. WE'RE ALSO GOING TO TALK A LITTLE BIT ABOUT SOME GRANT PROGRAMS AND RECREATION FUNDING IN THE COMING YEARS. AND THEN ALSO THE COUNCIL WILL BE TALKING ABOUT POTENTIALLY STARTING A CHARTER COMMISSION FOR WE CAN'T HAVE A WE CANNOT HAVE AN ELECTION BEFORE NOVEMBER OF 26 ON A CHARTER AMENDMENT, BUT THAT'S A YEAR AND A HALF AWAY. AND IF THERE ARE ADDITIONAL THINGS TO CONSIDER, COUNCIL DISTRICTS EXPANDING THE NUMBER OF DISTRICTS OR WHATEVER, THAT'S GOING TO BE TALKED ABOUT TODAY AT WORK SESSION AS WELL ON THE FORMATION AND PRIORITIZING THAT FOR THE NEXT CITY COUNCIL TO TAKE THAT BALL UP AND RUN WITH IT. SO WITH THAT, I WILL STAND FOR ANY QUESTIONS. ANY QUESTIONS. IS THERE ANY TYPE OF CAKE YOU'RE GOING TO HAVE THESE NEXT THREE WEEKS? I DON'T KNOW WHAT THEY ORDER, BUT FOR ME, I'M I'M NOT. I GOT A BIG STRIKE ZONE WHEN IT COMES TO CAKE. YEAH, THAT'S FOR SURE. NONDISCRIMINATORY ON THE CAKES. OKAY. THANK YOU VERY MUCH. THANK YOU. NEXT UP IS CHAMBER OF COMMERCE. I DON'T SEE THEM PROBABLY BUSY BUTTONING UP THEIR GOLF OUTING FROM YESTERDAY. SO WE'LL GO TO THE COMMUNITY DEVELOPMENT CORPORATION. MADAM PRESIDENT, GOOD MORNING, MR. VICE CHAIR. MEMBERS OF THE BOARD AND PRESIDENT KOSKI, THANK YOU FOR THE OPPORTUNITY TO PROVIDE AN UPDATE ON SEVERAL THINGS FROM THE COMMUNITY DEVELOPMENT CORPORATION. EARLIER THIS YEAR, THE CDC BOARD APPROVED A GRANT TO HUGS FOR INFRASTRUCTURE ON THE NEW TRAINING FACILITY. AND I KNOW MANY OF YOU WERE AT THE GROUNDBREAKING LAST WEEK, SO IT'S REALLY EXCITING THERE. THEY ARE PROJECTING COMPLETION OF THAT PROJECT IN 14 TO 16 MONTHS. SO THEY'RE ADJACENT TO THE TUFTS CAMPUS. SO WE'RE EXCITED ABOUT THAT. THURSDAY, THE CDC BOARD WILL MEET AND VOTE ON TWO PROJECT GRANT APPLICATIONS, ONE FROM DIRECTION 61 THREE, WHICH IS AN ORGANIZATION THAT PROVIDES TRANSITIONAL HOUSING TO KIDS THAT ARE AGING OUT OF FOSTER CARE. THEY ARE BUILDING A NEW CAMPUS IN THE NORTHERN PART OF [00:10:06] MCKINNEY. AND IT WILL INCLUDE NOT ONLY THE HOUSING, BUT ALSO A COMMUNITY EVENTS CENTER AND RECREATIONAL AREAS THAT WILL BE OPEN TO THE PUBLIC. SO THAT'S ON THE AGENDA. AND THEN A GRANT REQUEST FROM HER NATURAL SCIENCE MUSEUM FOR TRAIL UPGRADES TO MAKE THEIR TRAILS THEIR MAIN TRAIL MORE ACCESSIBLE TO BOTH WHEELCHAIRS AND STROLLERS. SO VOTES ON THOSE. ON THURSDAY. I INCLUDED IN THE REPORT THIS MONTH A RECAP OF CDC FUNDING APPLIED TOWARDS OUR PRIORITY AREAS IN FY 24 18.8 MILLION. IN TOTAL FUNDING, TWO LARGEST CATEGORIES ARE COLLABORATIVE PROJECTS. AND LAST YEAR THAT INCLUDED THE AIRPORT, WHICH WAS A BIG, BIG GRANT, AND THEN ALSO PARKS AND OPEN SPACE DEVELOPMENT. BUT THAT INFORMATION IS IN THE PACKET. AND THEN I'LL JUST MENTION A COUPLE OF DEADLINES THAT ARE COMING UP. WE'RE ACCEPTING PROMOTIONAL GRANT APPLICATIONS THROUGH MAY 30TH THIS MONTH. THEY'LL BE PRESENTED TO THE BOARD IN JUNE. AND THEN JUNE 1ST, OUR FINAL APPLICATION PERIOD FOR PROJECT GRANTS WILL OPEN, WILL ACCEPT APPLICATIONS JUNE 1ST THROUGH THE END OF THE MONTH, AND THOSE WILL BE PRESENTED TO THE BOARD IN JULY. AND I AM HAPPY TO STAND FOR ANY QUESTIONS. QUESTIONS. THANK YOU VERY MUCH. THANK YOU. NEXT UP, VISIT MCKINNEY AND THE GUY WITH THE BEST LAWN IN MCKINNEY PUTTING IN A LOT OF WORK. I'M GONNA HAVE TO CLIP THAT FOR SOCIAL MEDIA LATER. THANK YOU SIR. GOOD MORNING, MR. VICE CHAIR. PRESIDENT. MEMBERS OF THE BOARD. AARON WARNER, EXECUTIVE DIRECTOR AT VISIT MCKINNEY. FIRST TIME TO STAND BEFORE YOU SINCE THE BYRON. AND KUDOS TO THE MEDICI MEDICI TEAM FOR ALL YOU DO AT THAT EVENT. I GET TO WITNESS THAT FIRSTHAND THROUGHOUT THE WEEK, AND Y'ALL WORK INCREDIBLY HARD TO SHOWCASE MCKINNEY FOR SO MANY PEOPLE. SO KUDOS. MAY 24TH IS THE FIRST HOME GAME FOR MCKINNEY CHUPACABRAS. SO MCKINNEY'S USL TWO SOCCER TEAM WILL BE KICKING OFF AT ROMPO STADIUM. THEY HAVE SIX HOME GAMES THROUGHOUT THE SUMMER, SO I ENCOURAGE YOU AND ANYONE WATCHING TO TRY TO MAKE IT OUT TO AT LEAST ONE AND SUPPORT OUR NEW LOCAL SOCCER TEAM AND SEE HOW THEY DO IN THEIR INAUGURAL SEASON. WE ALSO THAT KIND OF KICKS OFF A REALLY BUSY SUMMER FOR US HERE IN MCKINNEY. JUNE 6TH THROUGH SEVENTH IS TEXAS MUSIC REVOLUTION HERE IN DOWNTOWN MCKINNEY. AND SO MANY OF YOU ARE FAMILIAR WITH THAT EVENT, BUT INCREDIBLE ACTS COMING TO OUR CITY. AND WE GET TO ENJOY THAT. AND SO LOOK UP THE FULL LINEUP ONLINE. AND THEN KIND OF MID-JUNE, WE'RE ACTUALLY PLAYING CO-HOST WITH THE WITH VISIT ALLEN FOR A LARGE EVENT THAT THEY HAVE IN THE CITY OF ALLEN. IT'S A THEATER ON ICE EVENT AT THEIR ICE SKATING ARENA. BUT THERE'S SOMETHING ELSE HAPPENING IN THEIR COMMUNITY AT THE SAME TIME. AND SO WE'VE ALREADY CONTRACTED OVER A THOUSAND ROOM NIGHTS IN MCKINNEY FOR THAT EVENT. SO WE'LL BE HOSTING A LOT OF THE GUESTS AND ATHLETES THROUGHOUT THAT WEEK HERE IN MCKINNEY. AND SO KIND OF A COOL THING. MANY OF YOU ARE FAMILIAR THAT WHEN WE HOST A D2 FOR THE NATIONAL FOOTBALL CHAMPIONSHIP, WE ALWAYS PLACE A TEAM OVER THERE. SO THIS IS KIND OF A GIVE BACK TO US AND WE'RE HAPPY TO HELP WITH THAT. JUNE 28TH, WE VISIT MCKINNEY. PARTNERING WITH MAIN STREET ARE DOING OUR SECOND ANNUAL INFLUENCER FAM TOUR. THIS IS SOMETHING WE DID LAST YEAR WHERE WE BRING ABOUT 30 INFLUENCERS FROM ACROSS THE STATE INTO MCKINNEY ON ONE DAY, AND WE KIND OF CURATE AN ITINERARY FOR THEM AND GIVE THEM A DOWNTOWN EXPERIENCE, AND WE GIVE THEM A LITTLE BIT OF FREE TIME TO ROAM AND CREATE CONTENT BASED ON WHAT THEIR KIND OF NICHE IS. AND SO WE'RE EXCITED TO HOST THAT AGAIN, WE'RE WORKING ON ALL OF OUR FINAL PLANS AND TRYING TO PULL TOGETHER OUR LIST. AND SO STAY TUNED FOR A LOT OF CONTENT BEING POSTED ON JUNE 28TH, AND I'LL STAND FOR ANY QUESTIONS. I WILL JUST SAY THANK YOU AGAIN FOR YOUR YOUR TEAM'S SUPPORT WITH THE BYRON NELSON. YOUR GUYS'S BOOTH THIS YEAR WAS FANTASTIC AND I THINK STIRRED A LOT OF EXCITEMENT FOR DOWNTOWN. SO AGAIN, GREAT JOB FOR YOUR TEAM AS WELL. THANK YOU SO MUCH. APPRECIATE IT. IT WAS FUN. THANK [Consider/Discuss MEDC Monthly Reports] YOU GUYS. COMMITTEE UPDATES. SO FINANCE COMMITTEE WE HAVE NOT MET BUT WE DO HAVE A MEETING FOR THIS MONTH. TECHNOLOGY OR THE INNOVATION FUND. NOTHING TO REPORT. REAL ESTATE. YES. YES SIR. WE MET LAST WEEK AND HAVE SEVERAL THINGS DURING EXECUTIVE SESSION TODAY TO DISCUSS. ALL RIGHT. AND THEN LAST ONE IS GOVERNANCE COMMITTEE. AND WE DON'T WE HAVE NOT MET BUT WE DO HAVE ONE COMING UP. ANYTHING ELSE MR. KOSKI DID I MISSED MARKETING COMMITTEE. OH. MARKETING. SORRY. MARKETING COMMITTEE. WE WENT REAL HARD BEFORE BYRON. AND THEN THE STAFF [00:15:05] HERE AT THE MEDC REALLY ROCKED THAT OUT. THEY DID A FANTASTIC JOB OF TENFOLD OF LAST YEAR. SO THAT IS MY WHOLE REPORT. AWESOME. AND THEN BOARD CHAIRMAN. SO I DON'T HAVE ANY OTHER COMMENTS, BUT OTHER THAN THIS IS MY FIRST TIME DOING IT AND DOING THE MEETING HERE IN IN HERE. AND IT IS A BEAUTIFUL, BEAUTIFUL FACILITY. AND AGAIN, JUST SHOWS WHERE MCKINNEY IS GOING IN THE FUTURE. SO IT'S FANTASTIC. SO NEXT ONE WE'LL GO WITH MONTHLY REPORTS. SO 25, 28, 22 THE ORGANIZATIONAL REPORT. SO MICHAEL KOSKI THANK YOU, MR. VICE CHAIRMAN. MR. TALLEY AND I HAD A GREAT OPPORTUNITY YESTERDAY TO SPEAK TO SOME CORPORATE PARTNERS AROUND THE NATION. IN FACT LOOKING TO RELOCATE TO MCKINNEY. AND PART OF THAT STORY THIS IS FOR AARON WARNER'S EARS IS WHAT VISIT MCKINNEY DOES. SO WE APPRECIATE YOU. WE USED A LOT OF SLIDES TO TELL THE MCKINNEY STORY. AND THE VAST MAJORITY WERE SLIDES AND QUALITY OF LIFE AND HOW PEOPLE LIVE IN MCKINNEY. AND IT REALLY RESONATED VERY WELL. SO WE THANK YOU FOR YOUR SUPPORT AND HELPING US SELL MCKINNEY TO A NATIONAL AUDIENCE. BYRON NELSON, SHANNON ROBERTS, YOU STAND UP, PLEASE, AND COME TO THE PODIUM AND COME UP TO THE FRONT. WE'RE GOING TO. SO, CHANTAL, I AGREE, THIS YEAR'S BYRON JUST FELT BETTER AND REALLY GOOD. SHANNON JOINED THE TEAM RECENTLY AND TOOK OWNERSHIP OF THE PROGRAM. THE AGENDA, THE NUANCES OF THE BYRON NELSON AND DID A FANTASTIC JOB. SO I JUST WANT TO PUBLICLY THANK YOU FOR ALL YOUR EFFORT, YOUR WORK AND DEDICATION TO THE JOB AND MAKING US ALL LOOK GREAT. SO THANK YOU, SHANNON, SO MUCH. THANK YOU. SHANNON. AND IN COORDINATION WITH MELANIE HERE LEFT ON YOUR YOUR SEAT A BEAUTIFUL TICKET TO COLLECTIBLE TICKET FOR THE EVENT. SO THAT'S VERY COOL. YES. AND I ALSO HAVE FOR MARK AND SCOTT. IF Y'ALL DIDN'T GET THE GREEN BYRON HAT I'VE GOT SOME FOR YOU. AWESOME I GAVE OH AND MATT YOU DIDN'T GET THE GREEN BYRON HAT EITHER DID YOU? I HAD ONE FOR FIVE MINUTES. I GIFTED IT. OKAY WELL I'VE GOT ANOTHER ONE FOR YOU. SO. BUT THANK YOU GUYS. I HAVE ENJOYED WORKING HERE SO MUCH. AND THE BYRON IS A FANTASTIC EVENT AND I CAN'T WAIT TO GET STARTED ON NEXT YEAR. I LIKE MY IDEAS ARE ALREADY GOING FOR NEXT YEAR OF WHAT WE CAN DO IN THE SWEET AND STUFF. SO THANK YOU, THANK YOU, THANK YOU, THANK YOU. AND WITH THAT, I'LL ASK MR. VICE OR SENIOR VICE PRESIDENT MICHAEL TAYLOR TO SPEAK ABOUT THE ORGANIZATION. GOOD MORNING, BOARD CHAIR. MR. PRESIDENT, YOU'RE NOT ALLOWED TO PUT THAT HAT ON EBAY. JUST WANT YOU TO KNOW WE'RE LOOKING AT YOU. I'M GOING TO START OFF WITH THE BEST NEWS OF THE DAY IN MY OPINION. WE'RE GOING TO ANNOUNCE TWO NEW PROJECT MANAGERS TO THE TEAM, WHICH NOW KELSEY CAN AND I CAN TAKE A MONTH OFF. RIGHT. BUT WANT TO INTRODUCE PAULA DATE, WHO JUST JOINED US FROM THE CITY OF PLANO. WE THANK HER FOR COMING OVER. SHE JUST STARTED ABOUT TWO WEEKS AGO. AND THEN TROY BAILEY, WHO COMES FROM HEXA VENTURES, AND WELCOME EITHER ONE OF YOU TO SAY, COME UP AND GIVE ANY COMMENTS OR ANY BACKGROUND IF YOU'D LIKE TO. TROY. HI ALL OF YOU. SO MY EXPERIENCE IS AS AN ENTREPRENEUR AND AS A OPERATOR TURN STRATEGIC INVESTOR, I'VE BEEN HELPING FOR THE LAST WELL OVER TEN YEARS NOW, HELPING B2B TECHNOLOGY BUSINESSES GROW. BUT I JUST WANT TO SAY THANK YOU SO MUCH FOR THE WARM WELCOME. I MEAN, I STARTED MY WEEK DURING THE BYRON NELSON. SO I GOT TO MEET A LOT OF YOU. AND I JUST I REALLY APPRECIATE THE WARM WELCOME. IT'S BEEN GREAT SO FAR. WELCOME ABOARD. THANK YOU, THANK YOU, THANK YOU TROY. APPRECIATE IT. ALL RIGHT. WE'LL JUMP INTO THE PROJECT FUNNEL NEXT SLIDE PLEASE. OKAY. SO PROJECT FUNNEL WITH THE LEADS, ACTIVE PROJECTS, LEGAL DOCS AND OFFER LETTERS. WE DID CHANGE THIS A LITTLE BIT. WE DID TWEAK THIS. IF YOU CAN LOOK AT THE TOP LEAD NUMBER 17, YOU CAN SEE JUST THE SHEER NUMBER OF TYPES OF PROJECTS THAT ARE COMING IN OVER $6 BILLION IN CAPITAL INVESTMENT AND THE TYPES OF PROJECTS THAT ARE COMING THROUGH OUR GOVERNOR'S OFFICE SOURCES AND THE DRC. SO BUT OUR ACTIVE PROJECTS ARE ABOUT 1.9 BILLION AT THIS TIME. BUT SINCE JANUARY, AS WE'VE MENTIONED TO MANY PEOPLE, THE FLOODGATES HAVE OPENED AGAIN. NOW, OF COURSE, THERE HAVE BEEN SOME THINGS THAT HAVE PUT SOME PAUSES ON SOME PROJECTS THE LAST COUPLE OF MONTHS. BUT AS FAR AS THE NUMBER OF PROJECTS, THIS IS PROBABLY THE BUSIEST. IT'S BEEN OUT OF THE GOVERNOR'S OFFICE IN IN MANY YEARS. NEXT SLIDE PLEASE. WE'VE GOT LEADS AND ACTIVE PROJECTS, JOBS CAPEX. SO I DO WANT TO MENTION ON THE LEADS. AGAIN, MOST OF THOSE COME IN WITH A CAPITAL INVESTMENT NUMBER. AND THE JOBS NUMBER IS NOT ALWAYS [00:20:01] INCLUDED WHEN THEY'RE FIRST LOOKING FOR AN RFQ. RFI SO JUST WANT TO MENTION THAT BEFORE ANY QUESTIONS COME UP. AND NEXT SLIDE PLEASE. AND THE COMPLIANCE REPORT. SO THIS WAS A NEW SLIDE AS OF MARCH ON OBLIGATIONS MET OBLIGATIONS NOT MET AND IN PROGRESS. SO THIS GIVES YOU KIND OF A STATUS OF WHAT DINA AND THE TEAM IS WORKING ON WITH COMPLIANCE. AND YEAH, JUST A QUICK UPDATE THERE, MAKING SURE EVERYONE'S UP TO DATE WITH ALL OF THEIR REPORTING, WHETHER THAT BE FROM THE INNOVATION FUND ALL THE WAY UP TO THE LARGER CORPORATIONS THAT WE WORK WITH. AND WITH THAT, I'LL STAND FOR ANY QUESTIONS IN THE MONEY AND THE OBLIGATION NOT MET THAT THAT DOLLAR AMOUNT. THAT'S JUST THE DOLLAR AMOUNT THAT'S UP FOR BEING PRESENTED TO THAT PARTICULAR PROJECT. IF THEY MET THE OBLIGATION. IS THAT. THAT'S CORRECT. I READ THE OKAY. JUST MAKE SURE THAT'S NO THAT'S THE CAPITAL INVESTMENT THERE. AND MOST OF THOSE ARE TIED TO INNOVATION FUND DUE TO REPORTING DEADLINES AND MILESTONES, BECAUSE THEY ALL FALL IN DIFFERENT PLACES. GOT IT. THEY DO AS WELL FOR THE LARGER PROJECTS. BUT NO, THE NUMBER ON THE RIGHT IS THE ACTUAL CAPITAL INVESTMENT. SO INNOVATION FUND NUMBERS NORMALLY ARE ALL ABOUT JOBS, VERY LOW CAPITAL INVESTMENT BECAUSE THEY'RE USUALLY GOING INTO A CO-WORKING SPACE. GOT IT. DOES THE CAN WE SEE WHERE PEOPLE HAVE NOT REPORTED. CORRECT. WE CAN WE CAN SHOW YOU THAT PRIVATELY. YES, YES. ANY OTHER QUESTIONS. THANK YOU SIR. THANK YOU. NEXT I'LL INVITE THE MAN WHO GIVES GREAT LEADERSHIP TO SHANNON TO GET STUFF DONE. SO MR. LUCA, OR MANAGER OF A MARKETING AND SOCIAL MEDIA. SO LUKE SETS THE TONE FOR EXPECTATIONS FOR SPECIAL EVENTS AND OUR BRAND. SO LUKE, THANK YOU SO MUCH FOR ALL YOUR SUPPORT TO MAKE IT ALL RUN SO SMOOTHLY. THANK YOU, MR. PRESIDENT, VICE CHAIR AND MEMBERS OF THE BOARD. LUKE MARKETING SOCIAL MEDIA MANAGER. PLEASURE TO BE WITH YOU THIS MORNING. GOING TO PRESENT A FEW THINGS. AS ALWAYS, YOU CAN FIND DETAILS OF OUR MARKETING EFFORTS IN THE ATTACHED REPORT. OUR BRAND CONTINUES TO BE STRONG, OUR OUTREACH CONTINUES TO BE EFFECTIVE, AND WE HAVE GREAT MARKETING AND ENGAGEMENT NUMBERS THAT ARE ON PAR OR ABOVE OUR INDUSTRY COMPETITORS, IF YOU CAN CALL THEM THAT, YOU CAN SEE HERE IN THE SLIDE THAT WE'VE KIND OF REVAMPED A LITTLE BIT, THAT SHOWS OUR ALL OF OUR ENGAGEMENT AND OUTREACH EFFORTS, FROM WEBSITE VISITS TO EMAIL OPENS TO OUR ENGAGEMENT TRADE SHOWS, FAM TOURS, ALL OF THOSE ITEMS THERE. AND THEN WE'LL JUMP OVER TO THE NEXT SLIDE. WE'VE ALREADY COVERED A LOT ON THE BYRON NELSON, BUT WE WILL HAVE NUMBERS THAT CONTINUE TO ROLL IN THROUGH OUR PARTNERS, LIKE THE RETAIL COACH AND THINGS LIKE THAT, TO SEE REAL NUMBERS OF WHAT'S THE ECONOMIC IMPACT OF THIS EVENT. OBVIOUSLY, WE ALL HAVE A GREAT TIME, AND WE'RE NOW DOING FOLLOW UP WITH ALL THESE MEETINGS AND CONVERSATIONS THAT WERE HAD IN OUR SUITE. AND YEAH, THE SAYING I PROVIDE LEADERSHIP TO THIS IS LIKE SAYING YOU PROVIDE LEADERSHIP TO A LION, RIGHT? SHANNON IS A MACHINE WHEN IT COMES TO RUNNING THIS EVENT. SO IT'S BEEN A PLEASURE TO WATCH HER SOAR THROUGH THIS. AND WE'RE REAPING THE REWARDS AND WILL FOR YEARS TO COME OF WHAT HAPPENS AT EVENTS LIKE THE BYRON NELSON. I WANT TO ALSO BRING TO YOUR ATTENTION THE RFQ THAT WE HAVE OUT FOR THE 121 IN LAKE FOREST PROPERTY, WE ARE RUNNING SOME SIGNIFICANT MARKETING EFFORTS TO MAKE SURE WE ATTRACT THE MOST ENGAGED, MOST EFFECTIVE PARTNERS FOR THAT DEVELOPMENT OPPORTUNITY. SO WE CURRENTLY HAVE OVER 300,000 IMPRESSIONS. PEOPLE THAT HAVE SEEN THE RFQ NATIONWIDE TARGETED DEVELOPERS, MEMBERS OF THE CRE COMMUNITY, AND WE'VE GOTTEN 2550 CLICKS ON THAT RFQ SO FAR, JUST FROM WHAT WE KNOW OF. SO THAT'S THAT'S MOVING RIGHT ALONG. AND WE'RE DOING SOME GREAT, GREAT EFFORTS THERE. AGAIN, JUST TO MAKE SURE THAT WE HAVE THE BEST USE, THE HIGHEST AND BEST USE FOR THAT PIECE OF PROPERTY AS WE'RE ALL CHASING AFTER. SECONDLY, I WANT TO MENTION THAT OUR MCKINNEY MOMENTUM PODCAST IS STILL A GREAT ASSET THAT IS OFFERED BY THE MEDC. AS OUR TEAM HAS GROWN, AS WE'VE SEEN THIS MORNING, OUR OUR TEAM IS GROWING BY LEAPS AND BOUNDS. THAT MEANS WE NEED SOME MORE OFFICE SPACE AVAILABLE. SO OUR STUDIO HAS BEEN CONVERTED FOR THE MOMENT BACK INTO A OFFICE, AND WE ARE WORKING ON REBUILDING A STUDIO IN A SEPARATE SPACE. SO THAT WILL MCKINNEY. MOMENTUM IS NOT DEAD. IT IS ALIVE AND WELL. IT IS JUST IN HIBERNATION AS WE GIVE IT A NEW HOME. SO WANT TO BRING THAT TO YOUR ATTENTION. AND THEN FINALLY, WE DID A ECONOMIC DEVELOPMENT WEEK AND SMALL BUSINESS WEEK CAMPAIGN. SMALL BUSINESS WAS IN PARTNER WITH THE CHAMBER. WE HIGHLIGHTED SEVERAL BUSINESSES AROUND MCKINNEY THROUGH A VIDEO CAMPAIGN. AND THEN WE ALSO DID SOME CONTENT EDC 101 THINGS THAT HIGHLIGHT ECONOMIC DEVELOPMENT IN MCKINNEY BRING CLARITY AND TRANSPARENCY TO WHAT WE DO DAY IN, DAY OUT FOR THE CITIZENS OF THIS COMMUNITY. AND WITH THAT, I WILL HAPPILY STAND FOR ANY QUESTIONS. QUESTIONS. THANK YOU JEFF. ALL RIGHT, MOVING RIGHT ALONG. WE [Consider/Discuss/Act on the February 2025 Financials] [Consider/Discuss/Act on the March 2025 Financials] [Consider/Discuss/Act on the April 2025 Financials] [00:25:06] ARE AT THE REGULAR AGENDA ITEMS. I'M GOING TO IF YOU DON'T DISAGREE, I THINK I'M JUST GOING TO GO TAKE ALL THREE OF THEM FOR CHANCE MOMENT TO SET THE TONE AS WELL. SO GO OVER 2528, 23, CONSIDER DISCUSS ACT ON THE FEBRUARY 2025 FINANCIALS. 2025, 25 2824 CONSIDER DISCUSS ACT ON THE MARCH 2025 FINANCIALS AND THEN 25 DASH 2825 CONSIDER DISCUSS ACT ON THE APRIL 2025 FINANCIALS. CHANCE. PERFECT. GOOD MORNING. CHANCE MILLER ASSISTANT FINANCE DIRECTOR. WE HAVE THREE SETS OF FINANCIALS TO GO OVER. AND AS I'M GOING THROUGH THEM FEEL FREE TO ASK ANY QUESTIONS AT ANY TIME. STARTING OFF WITH FEBRUARY WE HAD A PRETTY QUIET MONTH. WE COLLECTED $2.7 MILLION IN REVENUE. THE MAJORITY OF THAT CAME FROM SALES TAX REVENUE, OPERATIONAL EXPENSES FOR THOSE 166,000, NON-DEPARTMENTAL WAS 245,000, WHICH IS JUST YOUR NORMAL MONTHLY TRANSFER TO COVER YOUR DEBT SERVICE PAYMENTS. SO TOTAL EXPENSES FOR THE MONTH OF FEBRUARY WAS 410,000. MOVING ON TO SALES TAX. SO SALES TAX FOR FEBRUARY IS THE SALES TAX WE COLLECTED IN FEBRUARY. BUT ACTUALLY APPLIED TO DECEMBER WHICH IS OUR BIGGEST MONTH OF THE YEAR. YOU CAN SEE WE HAD A 12.7% INCREASE. THAT BROUGHT OUR INCREASE UP TO 4.7%. OUR SISTER CITIES DID FAIRLY WELL AS WELL. YOU CAN SEE ALLEN HAD A 14.8% INCREASE IN FRISCO HAD AN 8.2%, PLANO HAD A SMALL DECREASE, BUT THE OTHER MONTHS AROUND DECEMBER WERE REALLY STRONG FOR PLANO. SO I THINK IF YOU AVERAGE THOSE TWO MONTHS OUT, THEN THEY HAD A REALLY STRONG CHRISTMAS SEASON AS WELL. AND YOU CAN SEE THEIR YEAR TO DATE FOR PLANO IS ABOVE MCKINNEY, ALLEN AND FRISCO AS WELL. I'LL TOUCH ON THE SALES TAX BY INDUSTRY AT THE END BECAUSE THIS KIND OF SHOWS YOUR YEAR TO DATE. SO ONCE I GET TO THE THIRD SET OF FINANCIALS, I'LL KIND OF TALK A LITTLE BIT ABOUT THAT. BUT IF YOU DON'T MIND MOVING TO MARCH. PERFECT. AWESOME. THANK YOU. ALL RIGHT. SO FOR MARCH WE HAD A LITTLE BIT MORE ACTIVITY. WE COLLECTED $1.8 MILLION IN REVENUE FOR EXPENSES EXPENDITURES. WE HAD 592,000, WHICH IS A LITTLE BIT HIGHER THAN NORMAL ON OPERATIONAL EXPENSES. BUT THAT WAS A LOT OF THE BYRON NELSON STUFF. AND THEN MOVING ON TO PROJECTS, WE HAD 42.2 MILLION. THAT WAS WHEN WE PURCHASED THE LAND BACK IN MARCH. AND THEN WE HAD OUR NON-DEPARTMENTAL OF 245,000 AS WELL. SO TOTAL EXPENSES FOR MARCH WAS 43.1 MILLION. SALES TAX FOR MARCH. THIS APPLIES TO JANUARY SALES. WE SAW A DECREASE. WE HAD A 1% DECREASE. ALLEN HAD A 10.5% DECREASE. FRISCO HAD A 1.9% INCREASE. AND THEN PLANO HAD THAT STRONG 31.5% INCREASE. THAT WAS A BIG AUDIT ADJUSTMENT FROM LAST YEAR, FACTORING IN KIND OF MAKING THOSE NUMBERS LOOK A LITTLE BIT STRONGER. THEY DID, BUT THEY STILL DID HAVE A STRONG JANUARY, JUST NOT 31.5% STRONG. IT WAS CLOSER TO THE 8.9% RANGE THAT BROUGHT OUR YEAR TO DATE 3.8%. OBVIOUSLY WE SEE A DECREASE. WE BUDGETED A 5% INCREASE, BUT ANYTHING BELOW 5%, 5% ON A MONTHLY BASIS IS GOING TO CUT THAT YEAR TO DATE VARIANCE WHERE WE'RE STANDING SALES TAX BY INDUSTRY. I'LL TOUCH ON IN THIS LAST ONE IF YOU DON'T MIND GOING TO I'LL TOUCH A LITTLE BIT MORE ON THIS MONTH. ALL RIGHT APRIL, WE DID HAVE A LOT OF ACTIVITY FOR THE MEDC. SO THIS IS WHEN THE DEBT ISSUANCES WENT THROUGH. SO YOU'LL SEE $63.2 MILLION COMING IN THE WAY THAT WE ARE REQUIRED TO REPORT, ACCORDING TO GASB AND THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD, AS WE HAVE TO SHOW THAT AS REVENUE AND SALES FUND LEVEL. SO YOU SEE, THE MONEY THAT WE ACTUALLY RECEIVE RECEIVED FROM THE BOND ISSUANCES, OPERATIONAL COSTS WAS 380,000, PROJECT EXPENSES WAS 350,000. NON-DEPARTMENTAL WAS MUCH HIGHER THIS MONTH, AND THAT WAS DUE TO THE BOND ISSUANCE COSTS RELATED TO THOSE DEBT SALES. AND THAT IS CLOSE TO $1.1 MILLION, TOTALING 1.8 MILLION FOR THE MONTH OF APRIL. ALL RIGHT. SALES TAX. SO THIS APPLIES TO FEBRUARY. AND WE HAD A DECREASE OF 5.4% DECREASE, WHICH WE AT THE TIME EXPECTED US TO KIND OF BE CLOSER TO BREAKING EVEN. SO THIS KIND OF SURPRISED US TO SEE THIS DECREASE. AND IT DROPPED US DOWN TO 2.7% INCREASE ON THE YEAR. ALLEN HAD A 6.9% INCREASE. FRISCO ALSO SAW A SIMILAR DECREASE, AND THEN PLANO SAW A SIMILAR DECREASE AS WELL. SO IT WASN'T JUST US. IT WAS KIND OF AROUND THE NORTH TEXAS AREA, AND I WANTED TO TOUCH. ON MOVING ON TO THIS. I DID WANT TO KIND OF SHOW THAT AS YOU'RE LOOKING THROUGH THESE INDUSTRIES, YOU'LL SEE THAT RETAIL TRADE IS STILL AT THE 5%. AND IF WE FACTOR THIS OUT EIGHT, NINE MONTHS, THAT IS GOING TO BE THE STRONGEST INDICATOR WHERE SALES TAX ENDS UP. I WILL NOTE YOU'LL SEE THE 70% DECREASE DOWN THERE AT THE BOTTOM. THE ADMIN SUPPORT WASTE MANAGEMENT. SO WE HAD A BUSINESS KIND OF HOW IT WORKS WITH THE COMPTROLLER. WE [00:30:03] HAD THIS I THINK THERE WAS IT WAS AN ADMIN BUSINESS, BUT I THINK THEY PROVIDED JANITORIAL SERVICES TO THEY'RE HEADQUARTERED IN MCKINNEY. BUT THEY HAD, YOU KNOW, AROUND THIS AREA. AND SO THE PAST TWO AND A HALF YEARS, THEIR SALES TAX HAS BEEN ALLOCATED TO MCKINNEY. I GUESS 2 OR 3 YEARS AGO THEY ACTUALLY MOVED TO A DIFFERENT LOCAL JURISDICTION. I DON'T EVEN KNOW WHAT CITY THEY MOVED TO, BUT THE COMPTROLLER IDENTIFIED IT. NOW, I DON'T KNOW IF THAT WAS THROUGH THAT NEW CITY RECOGNIZING IT, BUT SO THEY HAD TO ALLOCATE THAT PAST TWO AND A HALF YEARS BACK TO THAT NEW CITY. AND SO YOU'RE GOING TO SEE THE BIG $1 MILLION DECREASE. THAT'S NOT A TRUE $1 MILLION DECREASE. IT'S REALLY JUST FACTORING OUT THOSE. THE ONE WHATEVER THE 888,000 THAT WAS FOR THEM AND MOVING TO THE NEW CITY. SO IF YOU FACTOR THAT OUT, THAT DOES MAKE OUR YEAR TO DATE NUMBERS LOOK A LITTLE BIT STRONGER, BUT WE'RE STILL A LITTLE BIT LOWER THAN WE ANTICIPATED. AND WE HAVE COLLECTED MAY. MAY DID SHOW A 1% INCREASE, WHICH WAS VERY ENCOURAGING. WE WERE WORRIED ABOUT SEEING THIS 5.4% DECREASE IF THAT WAS GOING TO KEEP GOING, BUT SEEING AN INCREASE, AT LEAST IN MAY, GIVES US A LITTLE SIGN OF HOPE GOING INTO THE SUMMER MONTHS. THAT WILL KIND OF BE. AND LIKE I SAID, A BIG INDICATOR IS THAT RETAIL TRADE. WE'RE STILL SITTING AT 5% YEAR TO DATE INCREASE. AND RIGHT NOW WE'RE AT 2.7%. WE BUDGETED 5%. SO WE'RE WATCHING IT. IT'S NOT JUST A TEXAS THING. THIS IS A NATIONAL THING THAT SALES TAX AND JUST EVERYTHING IS DOWN. IF WE'RE LOOKING AT TEXAS AS A WHOLE, WE THE STATE OF TEXAS, WAS, YOU KNOW, CLOSE TO I HAVE IT RIGHT HERE. SO FROM 23 TO 24, THE STATE OF TEXAS AS A WHOLE SAW ABOUT A 2.2% INCREASE IN SALES TAX, JUST IN SALES IN GENERAL YEAR TO DATE. SO FAR, WE ARE AT A POINT 8% INCREASE IN THE STATE OF TEXAS. SO YOU CAN SEE THAT DROP. AND OUT OF ALL THE REGIONS IN TEXAS, NORTH TEXAS IS KIND OF TAKING THAT HIT MORE THAN ANY OTHER, JUST THAT GAP FROM 23 TO 20 4 TO 20 4 TO 25. SO I DON'T REALLY HAVE AN EXACT CORRELATION OF WHAT IS CAUSING NORTH TEXAS TO BE TRENDING A LITTLE BIT SLOWER THAN THE OTHER REGIONS IN TEXAS. BUT IT IS NOT JUST A MCKINNEY THING. THIS IS A NORTH TEXAS TEXAS NATIONAL THING, AND IT KIND OF STARTS AT THE FEDERAL LEVEL. SO I'LL BE HAPPY TO ANSWER ANY QUESTIONS, BUT WE ARE MONITORING IT CLOSELY. COUPLE NOTES. WHAT'S THAT. YEAH. SO ANY QUESTIONS. NO. NO QUESTIONS I MEAN MY THOUGHT IS JUST AS WE GO INTO THE BUDGET YEAR, HOW DO WE MAKE SURE THAT WE PUT IT IN THE RIGHT FORECAST OF WHAT WE THINK? BECAUSE OBVIOUSLY THIS IS YOU KNOW, SINCE I'VE BEEN ON THESE BOARDS FOR A WHILE, THIS IS THE MOST, YOU KNOW, TREND LINES THAT WE'VE BEEN SEEING GOING IN THE DIFFERENT DIRECTION. AND SO JUST SO THAT WE AS WE LOOK FOR PROJECTS IN THE FUTURE GOING FORWARD, THAT WE ALLOCATE ENOUGH RESOURCES TO THE RIGHT DIRECTION, I CAN SPEAK TO A COUPLE OF POINTS. FIRST OF ALL, I DON'T THINK WE PUBLICLY ACKNOWLEDGED CHANCE'S NEW TITLE, ASSISTANT FINANCE DIRECTOR. CONGRATULATIONS. YEAH. THANK YOU. WOW. WELL DONE, WELL DONE. YEAH. THAT'S A. THAT'S WHY I THINK CHANCE BECAUSE HE AND ERIC RODRIGUEZ ARE BUSINESS INTELLIGENCE ANALYSTS, HAVE BEEN WORKING BEHIND THE SCENES TO COMPILE ALL THE HISTORICAL FINANCIAL DATA FOR MEDICI, DATING BACK TO THE MID 1990S, 9597 I GOT A SNEAK PEEK YESTERDAY AT A DASHBOARD. MR. VICE CHAIRMAN, TO YOUR POINT, TO HELP BETTER FORECAST HOW WHAT'S GOING FORWARD. SO WE'LL SHOW THE FINANCE COMMITTEE SOME DETAILS ON THAT ON FRIDAY. AND THEN CHANCE YOU WANT TO SPEAK TO OUR PROJECTION REVENUE PROJECTIONS. WHAT PERCENTAGE WE'RE USING THIS YEAR. YEAH. SO WE OBVIOUSLY DROPPED THE PROJECTIONS. WE'RE ALREADY AT 2.5% IS WHAT WE'RE CURRENTLY PROJECTING. PAUL KIND OF GAVE US THE GUIDELINES TO GIVE US TO KIND OF PLAN FOR 2.5%, PLAN FOR A BREAK EVEN, PLAN FOR A DECREASE. WHAT DO ALL THOSE SCENARIOS LOOK LIKE FOR THE DIFFERENT AGENCIES, FOR THE CITY AS A WHOLE? AND SO AS WE GO OVER THE SUMMER MONTHS, BEFORE WE PRESENT THE BUDGET IN AUGUST AND SEPTEMBER TO COUNCIL, THEN WE'LL KIND OF HAVE A BETTER IDEA OF WHAT TO PROJECT FOR SALES TAX. BUT RIGHT NOW WE'RE KIND OF JUST BEING PREPARED FOR WHATEVER, YOU KNOW, WHATEVER SUMMER SHOWS US. AND IF THAT IS A DECREASE, WHAT THAT WOULD LOOK LIKE FOR YOU ALL OR THAT WOULD LOOK LIKE FOR THE CITY AND EVERYTHING LIKE THAT. SO IT WAS 5% A YEAR PRIOR, CORRECT? CORRECT. YEAH. THAT'S WHAT WE'VE BEEN DOING FOR A WHILE, BUT WE'VE OBVIOUSLY BEEN SEEING MORE THAN 5%. SO THIS IS YEAH, I THINK THIS IS ALSO A GREAT REMINDER FOR THE WORK THAT MADISON AND HER TEAM DOES FROM THE BRG SITUATION FOR THE FACT OF OBVIOUSLY THAT ONE CLIENT CUSTOMER LEAVING MCKINNEY, THE SALES TAX IMPACT THAT THAT CLIENT DID HAVE FROM AN AUDIT PERSPECTIVE OF THEM BEING RE JURIST, YOU KNOW, DIFFERENT JURISDICTION THAT THEY WENT TO. AND I KNOW IT'S NOT PUBLIC. AND WE'VE HAD THESE CONVERSATIONS BEFORE, BUT THERE IS A LIST I'M ASSUMING, THAT YOU COULD PROVIDE TO US IN THE BACK. SO WE COULD SEE THE TOP SALES TAX GENERATORS SO THAT WE CAN AGAIN, MAKE SURE THAT WE ARE TOUCHING AND MAKING SURE THOSE CLIENTS ARE THE HAPPIEST THEY CAN BE HERE IN MCKINNEY. CORRECT? OF COURSE. YEAH. AND I KNOW WE'VE TALKED ABOUT IT IN THE PAST, AND WE'RE STILL KIND OF FIGURING OUT WHAT [00:35:02] THE BEST SCENARIO THAT LOOKS LIKE. THE, THE ISSUE ON THIS SIDE IS THAT ON THE SALES TAX SIDE, WE SEE IT COMING IN EVERY MONTH. SO I WOULDN'T HAVE ANYTHING TO REALLY SHOW HER UNTIL I IMMEDIATELY SEE IT STOP AND THEY GET ALLOCATED OUT, YOU KNOW, FROM THIS COMPANY LEAVING TWO AND A HALF YEARS AGO. SO THAT'S WHERE, YOU KNOW, OBVIOUSLY WE'LL HELP IN ANY WAY WE CAN PROVIDING SALES TAX AND THOSE DATA. IT'S JUST WHEN IF THE CITY IS SEEING THAT SALES TAX STILL COMING IN, WE THINK THE CITY THAT BUSINESS IS STILL HERE. AND THAT'S WHAT WE RELY ON YOU ALL TO KIND OF, YOU KNOW, HELP US ON THAT SIDE OF IT. BUT CAN WE DRILL DOWN TO A CUSTOMER, TO A CUSTOMER NUMBER, EXACTLY OF HOW MUCH THAT PARTICULAR WE CAN GENERATE? SALES TAX FOR THE CITY OF MCKINNEY. YEAH. SO, WELL, THERE'S A LIMIT OF HOW MUCH YOU HAVE TO PROVIDE OVER $5,000 IN SALES TAX TO THE CITY. AND THEN IT GETS ON THE REPORT. GOT IT. THE ISSUE IS THAT WE'RE LIMITED TO WHAT WE CAN USE THAT REPORT FOR. SO THAT'S WHERE WE'RE KIND OF WE WORK WITH PAUL AND OUR LEGAL TEAM OF WHAT ACTUAL SCENARIOS IS THAT LEGAL THAT WE'RE ABLE TO DO THAT ON STATE STATUTE AND THAT WHERE IT GETS, YOU KNOW, WE RELY ON OUR LEGAL TEAM FOR WHAT WE CAN USE THAT AND WHAT WE CAN FOR SURE. YEAH. WE'RE NOT LOOKING FOR YOU TO GET IN TROUBLE. WE JUST WANT TO MAKE SURE THAT, AGAIN, WE RECOGNIZE THE CLIENTS THAT DO BRING IN THE MOST REVENUE TO THE TO THE CITY AND OBVIOUSLY TRY TO KEEP THEM HERE AS LONG AS WE POSSIBLY CAN. CORRECT. WE TRY OUR BEST AND WE'RE STILL OPEN TO IDEAS. YOU KNOW, WHATEVER WAY WORKS BETTER FOR YOUR TEAM AND EVERYTHING LIKE THAT AS WELL. SO WE'RE HAPPY TO HELP IN ANY WAY WE CAN. THANK YOU FOR YOUR HELP AND CONGRATULATIONS ON YOUR NEW YOUR NEW TITLE. I APPRECIATE IT. ALL RIGHT. THANKS. ALL RIGHT. LOOKING FOR A MOTION TO APPROVE ALL THREE OF THOSE MONTHS FINANCIALS? I'LL MAKE A MOTION TO APPROVE. APPROVE BY MR. HOUSLEY. SECONDED. SECOND BY MR. HAMILTON. CAST YOUR VOTES. ALL [EXECUTIVE SESSION] GREEN. THANK YOU VERY MUCH. NEXT, PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA. SEEING NOBODY STANDING UP. BOARD COMMENTS. ALL GOOD. SEEING NOBODY HAVING THOSE. NEXT ONE IS EXECUTIVE SESSION IN ACCORDANCE WITH THE TEXAS GOVERNMENT CODE SECTION 551071 CONSULTATION WITH ATTORNEYS ON ANY WORK SESSION, SPECIAL OR REGULAR SESSION AGENDAS. ITEMS REQUIRING CONFIDENTIAL ATTORNEY CLIENT ADVICE AND DELIBERATION, AND DISCUSSION OF SAID ITEMS. THE LEGAL CONSULTATIONS OF THE FOLLOWING ITEMS. SO THEN WE'RE GOING TO SECTION 551087 DELIBERATION REGARDING ECONOMIC MATTERS. DEVELOPMENT MATTERS FOR PROJECT MIRAGE. PROJECT TERRA-GEN PROJECT MATHESON AND THEN PROJECT DURANT. WE WILL COME BACK AT THAT TIME AND IT IS NOW. 838. OH. WE'RE LIVE. I THINK I'M GOING TO WATCH THAT WHEN I GET HOME. I WAS CRACKING, ARE WE READY? WE'RE READY. WE'RE ON. HEY, IT IS 923 HERE AT THE WONDERFUL COUNCIL CHAMBERS, AND WE'RE BACK FROM EXECUTIVE SESSION. WE DO HAVE SOME ACTION ITEMS THAT WE NEED TO GET MOTIONS ON. THE FIRST ONE IS PROJECT MIRAGE. I MAKE A MOTION. WE APPROVE THE TWO DEVELOPMENT AGREEMENTS AS DISCUSSED DURING EXECUTIVE SESSION MOVED BY MR. HOUSLEY, SECOND BY SECOND, SECOND BY SCOTT. ALL IN FAVOR? WE HAVE A MOTION OR SECOND ON POP UP. GIVE IT ONE SECOND. OKAY? OKAY. MOTION. YEAH I DID. THERE YOU GO. THERE YOU GO. THERE WE GO. SEE IT COMES BACK. THERE WE GO. NOW WE'RE MAKING GREENS ALL AROUND. THAT ONE PASSES. SECOND ONE IS PROJECT MATHESON. NEED A MOTION? I'LL MAKE A MOTION TO APPROVE. SECOND, MR. HOUSLEY WITH THE MOTION SECOND BY MR. MARK. THAT ONE PASSES AS WELL. LOOKING FOR THE FINAL MOTION OF THE EVENING OR THE MORNING. MOTION TO ADJOURN. MAKE A MOTION TO ADJOURN. MOTION BY MR. SCOTT, SECOND BY SECOND. YAY! HOUSLEY. ALL IN FAVOR? ALL IN FAVOR? AYE. PUSH YOUR BUTTON. YOU CAN PUSH YOUR BUTTON, MARK. WE'RE GOOD BUTTON. GOOD MEETING SIR. THANK YOU. ALL GREENS. * This transcript was compiled from uncorrected Closed Captioning.