PEOPLE FROM OHIO STATE. WHEN THEY GET BEAT BY. WE'LL HOLD OUR TROPHY COLLEGE FROM INDIANA.
[CALL TO ORDER]
[00:00:05]
ALL RIGHT, LET'S GO. GOOD MORNING. WELCOME TO THE MCKINNEY ECONOMIC DEVELOPMENT CORPORATION BOARD MEETING. IT'S TUESDAY, NOVEMBER THE 18TH, 2025. WE'RE IN THE COUNCIL CHAMBERS AT 41 EAST VIRGINIA STREET IN MCKINNEY, TEXAS, PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551002, A QUORUM OF THE CITY COUNCIL MAY BE PRESENT. NO CITY COUNCIL ACTION WILL BE TAKEN. THE MEETING IS BEING BROADCAST LIVE THROUGH THE CITY'S WEBSITE, AND THE FIRST AGENDA ITEM WE HAVE IS PUBLIC COMMENTS ON AGENDA ITEMS. IS ANYBODY THAT WOULD LIKE TO[CONSENT ITEMS]
ADDRESS THE BOARD THIS MORNING? SEEING NONE WE'LL GO TO THE CONSENT ITEMS. THESE ARE THE THE MINUTES 25 3393 OF THE EDC BOARD MEETING FROM OCTOBER 21ST, 2025. IF THERE ARE NO QUESTIONS, COMMENTS OR CHANGES, I'LL ENTERTAIN A MOTION. MAKE A MOTION TO APPROVE THE MINUTES.OOPS. WE HAVE A MOTION BY SECOND AND SECOND BY THAD AND. TECHNOLOGY WORKING. WE DON'T HAVE. WE'RE. HERE WE GO. MINE'S NOT COMING ON. ARE YOU? READ YOUR VOTE. WORKS ON THE FLOOR.
DO THE BOTTOM. ON THE FLOOR, ON THE FLOOR, ON THE FLOOR. OH, THERE WE GO. GOT IT. NOW WE'RE ON THE FLOOR. Y'ALL GOOD NOW? SO. YES. NOW WE'RE READY TO VOTE. I DON'T SEE THE VOTE BUTTON. THAT'S ALL RIGHT. WE ALL VOTED. HEY, MY MY IBM SELECTRIC IS NOT WORKING. QUITE.
NO, SIR. OKAY. USER ERROR. NO. OKAY. YES. ALL IN FAVOR, RAISE YOUR HAND. MOTION PASSES. NEXT.
[Board and Liaison Updates City of McKinney Community Development Corporation Visit McKinney MEDC Committee Updates Board Chairman]
WE HAVE REPORTS, MR. GRIMES, CITY OF MCKINNEY, INDIANA UNIVERSITY ALUMNI, PURDUE ALUMNI, ALL THINGS MIDWEST BASKETBALL TEAM, PURDUE'S NUMBER ONE BASKETBALL AND INDIANA'S NUMBER TWO IN FOOTBALL. SO I'M HEDGED. WHAT ARE YOU GOING TO DO? I'M FORTUNATE. YOU KNOW WHAT? IT NEVER HAPPENS. SO I'M GOING TO ENJOY THE RIDE WHILE IT HAPPENS.UNTIL IT ENDS. BASK IN THE GLORY, BABY. IT'S IT. IT NEVER HAPPENS. SO LET'S ENJOY TECH. I MEAN, AND TEXAS TECH. I'M AN ADOPTED TECH FAN. THAT'S A TRIFECTA FOR YOU. THAT'S RIGHT.
OH MY GOSH. WELL GOOD MORNING, MR. CHAIRMAN. MEMBERS OF THE BOARD, MY NAME AND MR. PRESIDENT MY NAME IS PAUL GRIMES, CITY MANAGER A COUPLE THINGS TO UPDATE YOU ON. WE HAVE A COUNCIL WORK SESSION AND REGULAR MEETING TONIGHT. OF COURSE. WORK SESSION AT 3 P.M.
TODAY. A COUPLE ITEMS ARE GOING TO DISCUSS. WE'RE GOING TO GIVE AN UPDATE ON THE DOWNTOWN PARKING. WE HAD A 2021 PARKING ACTION PLAN. SO WE'RE IN THE PROCESS OF UPDATING THAT. WE'LL GET A WORK SESSION PRESENTATION TODAY. SO IF YOU HAVE INTEREST IN DOWNTOWN PARKING MATTERS, YOU MIGHT WANT TO TUNE IN AND LEARN A LITTLE BIT MORE ABOUT THAT. WE'RE GOING TO TALK ALSO ABOUT SOME IMPLEMENTATION OF OUR ONE MCKINNEY COMP PLAN, PARTICULARLY ALONG HIGHWAY FIVE.
IN THIS CORRIDOR, THE MCDONALD STREET CORRIDOR. IT'S APROPOS, GIVEN THE FACT THAT WE HAVE A HIGHWAY FIVE IMPROVEMENTS COMING FROM TXDOT. AND I THINK IT WILL BE AN INTERESTING CONVERSATION ABOUT WHAT SOME OF THE VISIONS MAY BE ALONG HIGHWAY FIVE CORRIDOR AS WE TRY TO REDEVELOP THAT AREA. SO THAT'S WORK SESSION TODAY. JUST A COUPLE GENERAL ITEMS TO SHARE WITH YOU. AND GET TO OUR FIRE DEPARTMENT. SO OUR FIRE DEPARTMENT HAS I DON'T GET A CHANCE TO TALK TO YOU AND BRAG ON A FIRE DEPARTMENT, MUCH TO THE EDC, BUT WE HAVE A REALLY COOL PROGRAM CALLED THE NEIGHBORHOOD HEROES PROGRAM, AND THIS IS A PROGRAM WHERE WE'RE TRYING TO GET AEDS INTO HOUSEHOLDS FOR THOSE WHO WANT TO VOLUNTEER AND BE PART OF A NEIGHBORHOOD HEROES PROGRAM. THE WHOLE POINT OF THAT IS THAT THEY CAN INCREASE SURVIVABILITY, THE PROBABILITY OF SURVIVABILITY, IF YOU WILL, FOR FOLKS WHO HAVE HEART INCIDENTS.
MCKINNEY DOES VERY, VERY WELL. I CAN TELL YOU THAT IN THE UNFORTUNATE SITUATION THAT I WERE TO HAVE A HEART ATTACK AND I WOULD FEEL WAY BETTER HAVING ONE HERE IN MCKINNEY, TEXAS, THAN A LOT OF OTHER PLACES. IT'S KIND OF A MORBID WAY TO LOOK AT THINGS, BUT NONETHELESS IT IS A REALITY. IT'S THE NUMBER ONE KILLER OF MEN. AND SO HEART SURVIVABILITY IS VERY IMPORTANT TO US IN OUR FIRE DEPARTMENT IS DOING A GREAT JOB IN THE NEIGHBORHOOD HEROES PROGRAM. I WANTED TO GIVE THEM KIND OF A PUBLIC SHOUT OUT AND SHARE THAT WITH ALL OF YOU.
LOOKING HERE AT MY NOTES, WE'VE REDESIGNED OUR WEBSITE. OUR WEBSITE IS OFFICIALLY THE NEW REDESIGN. OFFICIALLY, IT'S LIVE NOW, AND IT'S INTENDED TO BE EVEN MORE MOBILE FRIENDLY, KNOWING THAT PEOPLE ARE ON THE GO AND THEY TEND TO LOOK AT THESE THINGS WHILE THEY'RE OUT AND ABOUT. AND SO HOPEFULLY IF YOU HAVE FEEDBACK OR WE WOULD LOVE TO HEAR IT, HAVE YOUR FRIENDS TAKE A LOOK, TAKE A LOOK YOURSELVES. AND IF YOU HAVE ANY SUGGESTIONS OR FEEDBACK, WE WE WILL WELCOME THAT. AND THEN THE OTHER THING JUST TO SHARE WITH YOU A NUMBER
[00:05:05]
OF THINGS THAT ARE GOING ON IN OUR FACILITIES CONSTRUCTION DEPARTMENT. JUST A LOT OF STUFF HAPPENING. THE AIRPORT, EAST SIDE INFRASTRUCTURE. OF COURSE, THE PROJECT IS UNDERWAY. THE THE TERMINAL AND THE CONSTRUCTION AROUND THERE IS BLOWING AND GOING. MCKINNEY PERFORMING ARTS CENTER IS GOING TO BE UNDER CONSTRUCTION IN FIRST QUARTER OF 2026 FOR RENOVATION WORK THAT'S BEING DONE. WE KNOW THE LIBRARY, OF COURSE, IS UNDER RENOVATION RIGHT NOW. FIRE DEPARTMENT HEADQUARTERS IS UNDER CONSTRUCTION. THEY'LL BE MOVING IN FIRST QUARTER OF 26 WHEN THEY MOVE OUT. THE PUBLIC SAFETY BUILDING, THAT THAT SPACE NEEDS TO BE RENOVATED FOR POLICE USE AND CONVERTED TO POLICE USE BECAUSE THAT WILL BECOME THE POLICE HEADQUARTERS. AND WHEN THE FIRE MOVES OVER. SO WE GOT A LOT OF ACTIVITY THAT'S GOING TO GET STARTED. ALSO AROUND FIRST OR SECOND QUARTER OF 26 REC CENTER AT TOWN LAKE. THAT'S ALMOST DONE. WE'RE ABOUT READY TO OPEN. THEY'RE GOING TO OPEN THAT. I THINK AMY WILL PROBABLY TALK ABOUT IT, BUT THEY'RE GOING TO BE DOING A KICKOFF HERE VERY SOON. THAT ALONG WITH THE THE THE TRAIL OF LIGHTS OR THE LIGHT LIGHT WALK, I THINK IT'S CALLED, WHICH WILL BE VERY NEAT, LIT UP OR LIGHTED WALKING AREA IN THE WOODS, WHICH IS A GREAT QUALITY OF LIFE ENHANCEMENT FOR THE COMMUNITY. AND THEN AND THEN WE'RE ALSO GETTING UNDERWAY WITH THE EARLY PRELIMINARY WORK ON A DOWNTOWN PARKING STRUCTURE, ANOTHER DOWNTOWN PARKING STRUCTURE. WE'LL NEED MORE. WE'LL PROBABLY NEED ANOTHER ONE EVEN AFTER THAT. BUT PROGRESS BEING MADE ON THAT. AND SO A LOT OF ACTIVITY HAPPENING IN THE FACILITIES AND THE CONSTRUCTION DEPARTMENT IN THAT REGARD. WITH THAT, I WILL STAND FOR ANY QUESTIONS. ANY QUESTIONS, MR. CHAIRMAN, I HAVE SOMETHING I, PAUL, SQUIRM A LITTLE BIT HERE.SO SINCE WE LAST MET, PAUL RECEIVED A FANTASTIC RECOGNITION. THE ICMA IS THE PROFESSIONAL ORGANIZATION FOR EXECUTIVES IN CITY MANAGEMENT AND BEYOND, AND PAUL RECEIVED THE AWARD FOR CAREER EXCELLENCE TO GIVE OUT ONE PER YEAR. SO IT'S A HUGE HONOR FOR PAUL, FOR ORGANIZATION AND FOR OUR PROFESSION. SO PAUL, CONGRATULATIONS. THANK YOU.
WE'LL HAVE A CONVERSATION AFTER. AREN'T THEY GOING TO RENAME THE PARK OUT FRONT? OH NO. I KNEW HIM. WIND. WOW. GOSH. LIKE A PROUD PARENT. SO INDIANA BOTH. AND THEN HE WINS THE AWARD.
IT'S PAUL'S TIME. IT'S THE YEAR OF PAUL. IT'S THE YEAR OF GRIMES. YOU KNOW THEY'RE GOING TO WIN LIKE THE MATH OLYMPICS OR SOMETHING. THERE YOU GO. YEAH. ALL RIGHT CINDY MCDC.
GOOD MORNING, MR. CHAIRMAN. MEMBERS OF THE BOARD, PRESIDENT KOSKI, CINDY SCHNABEL, MC, DC.
I JUST HAVE SEVERAL UPDATES. THREE OF THEM RELATE TO OUR GRANT PROGRAM. WE'RE CURRENTLY ACCEPTING APPLICATIONS FOR GRANTS THROUGH NOVEMBER 28TH. AND JUST AS A REMINDER, THESE ARE A MAXIMUM AWARD OF $15,000. AND THEY ARE RESTRICTED TO THE USE IS RESTRICTED TO ADVERTISING, MARKETING AND PROMOTION, AND THEY'RE AWARDED TO APPLICANTS WHO HAVE EVENTS OR INITIATIVES THAT SHOWCASE MCKINNEY FOR THE PURPOSES OF TOURISM DEVELOPMENT OR BUSINESS DEVELOPMENT. SO THAT PROGRAM IS UNDERWAY DECEMBER 1ST. WILL WE WILL OPEN OUR FIRST CYCLE FOR PROJECT GRANTS. THOSE ARE BRICK AND MORTAR PROJECTS, NON RETAIL PROJECTS. AND THEN FOLLOWING THAT IN JANUARY, OUR FIRST RETAIL INFRASTRUCTURE GRANT CYCLE WILL OPEN. SO GEARING UP FOR FY 26. AND THEN THE OTHER THING I WANTED TO MENTION, WE'RE CURRENTLY ACCEPTING NOMINATIONS FOR THE QUALITY OF LIFE AWARD. WE HAVE TWO AWARDS, ONE FOR AN INDIVIDUAL, ONE FOR AN ORGANIZATION. THEY'LL BE PRESENTED AT THE CHAMBER'S COMMUNITY AWARDS CELEBRATION IN FEBRUARY, AND THEY ARE. NOMINATIONS WILL BE ACCEPTED THROUGH DECEMBER 12TH. THE BOARD WILL SELECT THE THE AWARD WINNERS THIS YEAR. AND JUST AS A REMINDER, THIS AWARD WAS CREATED TO HONOR THOSE WHO CONSISTENTLY GO ABOVE AND BEYOND TO MAKE A POSITIVE IMPACT ON THE MCKINNEY COMMUNITY QUALITY OF LIFE IN OUR COMMUNITY. SO FULL INFORMATION REGARDING CRITERIA NOMINATIONS IS AVAILABLE ON OUR WEBSITE MCKINNEY CDC.ORG. SO ENCOURAGE YOU TO THINK ABOUT THAT AND SUBMIT A NOMINATION. AND I'M HAPPY TO STAND FOR ANY QUESTIONS. ANY QUESTIONS. HAPPY THANKSGIVING. THANK YOU. AARON MCKINNEY. GOOD MORNING, MR. CHAIRMAN. MISTER PRESIDENT, MEMBERS OF THE BOARD AARON WARNER, EXECUTIVE DIRECTOR DIRECTOR AT MCKINNEY. ALWAYS A PLEASURE TO BE WITH YOU. A COUPLE UPDATES FOR YOU. ONE, LAST WEEK OUR TEAM HOSTED OUR FIRST EVER HOTELIER ONLY MEETING HERE AT CITY HALL. THIS IS SOMETHING THAT WE'VE HAD ON MY TO DO LIST FOR, WELL, SINCE I ARRIVED, AND WE'RE FINALLY
[00:10:05]
ABLE TO PULL IT TOGETHER. WE HAD ABOUT 35 PEOPLE IN ATTENDANCE. AND THESE ARE YOUR GEMS AND YOUR DIRECTOR OF SALES AND OTHER STAFF MEMBERS FROM OUR LOCAL HOTEL PROPERTIES.THIS IS SOMETHING THAT WE PLAN TO DO ON A QUARTERLY BASIS, MOVING FORWARD, TO COLLABORATE AND WORK TOGETHER FROM A HOSPITALITY STANDPOINT FOR THE CITY. BUT I WORKED WITH PRESIDENT KOSKI, WAS ABLE TO GIVE A DEVELOPMENT UPDATE FOR ALL OF THESE FOLKS. JUST TO SEE A QUICK OVERVIEW OF ALL OF THE EXCITING THINGS HAPPENING IN MCKINNEY. AT THE END OF JUST WHAT I PUT TOGETHER IN THE NUMBERS THAT THAT WERE GIVEN TO ME IN THE PRESENTATION, IT WAS A $1.7 BILLION NUMBER AT THE END OF JUST STUFF HAPPENING IN MCKINNEY RIGHT NOW, AND I THINK IT WAS PRETTY MIND BLOWING FOR, FOR THEM FROM A, FROM A HOSPITALITY STANDPOINT OF, OF WHAT'S HAPPENING. BUT I'M PRETTY COOL TO SEE THAT, THAT THERE'S JUST SO MUCH TO BE PROUD OF HERE IN THE CITY. AND SO WE'LL DO THAT AGAIN AND HOPEFULLY WE'LL GET PRESIDENT KOSKI OR MEMBERS OF HIS TEAM TO JOIN US AT A FUTURE ONE, JUST SO THE HOTELIERS CAN MEET THEM AS WELL. THE SECOND THING IS ABOUT TURKEYS, NOT SOMETHING I TYPICALLY TALK ABOUT AT THE DAIS, BUT OUR TEAM, EVERYBODY, EVERY YEAR WE'VE POSTED ABOUT THE TURKEYS. THEY KIND OF STARTED ON CHURCH STREET AND THEY INFLATABLE TURKEYS HAVE EXPANDED. THIS YEAR. WE DECIDED TO TAKE THAT MARKETING PLOY JUST A LITTLE BIT FURTHER, AND WE BECAME THE INFLATABLE CAPITAL OF TEXAS, INFLATABLE TURKEY CAPITAL OF TEXAS. WE SENT THAT OUT TO THE MEDIA JUST AS KIND OF A JOKE, AND WE DIDN'T KNOW THAT EVERY SINGLE MEDIA ORGANIZATION IN THE CITY OR IN, IN DALLAS WAS GOING TO PICK IT UP. AND SOME OF THEM HAVE RAN THE STORY MORE THAN ONCE. THEY'RE GIVING UPDATES NOW ON HOW MANY TURKEYS WE HAVE IN MCKINNEY. SO WE HAVE A MAP, A MAP ON OUR WEBSITE AND OUR APP. AND THERE ARE OVER 340 TURKEYS SUBMITTED TODAY AROUND THE CITY. THEY'RE ALL OVER THE PLACE. EVERY TURKEY HAS A NAME AND A STORY. SO I ENCOURAGE YOU TO HAVE A LITTLE FUN WITH THAT, AND WE'LL SEE IF WE GET TO 400. WORD ON THE STREET IS THERE WILL BE A VIDEO POSTED LATER TODAY WITH A SPECIAL GUEST IN THIS ROOM READING A PROCLAMATION ABOUT THE INFLATABLE TURKEY CAPITAL OF TEXAS. SO STAY TUNED FOR THAT.
WOW, WOW. SO, AARON, YOU'RE SAYING IN MY PRESENTATIONS I CAN SAY BEST REAL ESTATE MARKET IN THE COUNTRY, MOST AFFORDABLE CITY AND THE TURKEY CAPITAL. YOU CAN SAY WHATEVER YOU WANT, PRESIDENT KOSKI. THAT'S WHAT I'VE REALIZED. AND THE LAST THING I HAVE FOR YOU GUYS, JUST A REMINDER ABOUT D2 COMING UP BEFORE WE KNOW IT, THE GAME IS ON THE 20TH FAN FEST AT TUPS WILL BE ON THE 19TH. THE BRACKET IS OUT FOR D2, SO IF YOU'RE TRACKING THAT, YOU CAN SEE WHAT TEAMS ARE IN THE RUNNING. AND ONE OF THOSE INCLUDES COUNCILMAN BELLER'S ALMA MATER. SEE IF THEY CAN MAKE IT BACK TO MCKINNEY AGAIN. SO STAY TUNED FOR THAT AND I'LL STAND FOR ANY QUESTIONS. GREAT. THANK YOU. QUESTIONS. ALL RIGHT. WE HAVE MEDC COMMITTEE UPDATES MARKETING I DON'T HAVE AN UPDATE ON MARKETING, BUT WITH THE THEME OF THE DAY. SHOUT OUT TO OKLAHOMA FOR BEATING ALABAMA IN TUSCALOOSA. WOW, MAN. WOW. THROWING ONE OVER THE BOW WOW.
THERE'S STILL A TOURNAMENT TO BE PLAYED. OKAY. REAL ESTATE. YES, SIR. WE MET LAST WEEK BEFORE LAST AND HAVE SEVERAL ITEMS THAT WILL BE EXECUTIVE SESSION ITEMS TODAY AND FINANCE WE HAVE NOT MET INNOVATION. NOTHING TO REPORT. ALL RIGHT GOVERNANCE, WE DID HAVE A MEETING AND WE WILL BE DISCUSSING, AMONG OTHER THINGS, THE OUR ANNUAL REVIEW OF MR. KOSKI AND EXECUTIVE SESSION. AND LAST BUT NOT LEAST BOARD COMMENT CHAIR COMMENTS. I DON'T REALLY HAVE ANYTHING TO ADD OTHER THAN HOPE EVERYBODY HAS A HAPPY THANKSGIVING. I KNOW WE HAVE HOME FOR THE HOLIDAYS COMING UP, WHICH IS ALWAYS A GREAT EVENT DOWNTOWN AND AND CERTAINLY SOMETHING WORTH BEING AT AND PARTICIPATING IN. SO NEXT WE HAVE MONTHLY REPORTS 25
[Consider/Discuss MEDC Monthly Reports]
3395 MR. BUKOWSKI. THANK YOU, MR. CHAIRMAN. BEFORE I CALL UP MR. TALLEY, I HAVE A FEW THINGS TO SHARE IN THE SPIRIT OF CELEBRATION, DIRECTOR MADISON CLARK ALSO RECEIVED A GREAT HONOR SINCE WE LAST MET. SHE WAS NAMED ONE OF THE TOP 50 ECONOMIC DEVELOPERS IN ALL OF NORTH AMERICA. SO CONGRATULATIONS. WELL DESERVED. AND ALSO, MADISON'S TEAM ORGANIZED A TOUR OF BAYLOR, SCOTT AND WHITE RECENTLY. FANTASTIC TOUR, BUT I WANT TO SPOTLIGHT SOMETHING THAT WAS I REALLY RESONATED WITH ME. MR. MARK DENNISON IS THE BOARD CHAIR OF THE MCKINNEY CAMPUS, AND TO SEE HIS PRIDE AND HIS HIS ENCOURAGEMENT WITH HIS TEAM, EVERYTHING ELSE, IT WAS GREAT TO SEE THAT MARK. SO KUDOS TO YOU FOR HELPING OUR ORGANIZATION GET BETTER. I FELT THE SMILE ON YOUR FACE ALL DAY LONG, AS IF THEY'RE SHOWING OFF EVERYTHING GOING ON. SO THANK YOU. APPRECIATE YOU, THANK YOU. IT'S A GREAT HOSPITAL.EXCELLENT. AND IN THIS THURSDAY MORNING AT THE FLOUR MILL ACROSS THE STREET, THE CHAMBER
[00:15:04]
IS HOSTING OUR Q4 DEVELOPMENT MEETING. THE FOCUS WILL BE ON INNOVATION AND STARTUPS. I'LL BE THE MASTER OF CEREMONIES FOR THAT EVENT. STARTS AT EIGHT 830 IS NETWORKING PROGRAM STARTS AT 830. LASTS UNTIL 930. WE'LL HAVE A COLLECTION OF OUR STARTUPS PRESENTING THEIR PITCH, AND THEN I'LL BE MODERATING A PANEL WITH SOME KEY PEOPLE TALKING ABOUT TALKING ABOUT HOW AI, INNOVATION AND WORKFORCE DEVELOPMENT IS SHAPING THE FUTURE OF MCKINNEY. SO IF YOU CAN JOIN US, PLEASE DO. AND MR. TALLY, IF YOU JOIN US NOW AND SPEAK TO OUR REPORTS. THANK YOU.GOOD MORNING. BOARD, MR. CHAIR. MR. SCHAKOWSKY, MICHAEL TALLY, SENIOR VICE PRESIDENT OF THE MEDICI. I PROBABLY SHOULDN'T SAY ANYTHING ABOUT THE LONGHORNS, I GUESS, JULIE, BUT WE STILL HAVE THE RED. I WOULDN'T BRING IT UP. NO, IT'S BEEN A ROUGH YEAR. WE'LL JUMP INTO PROJECTS. WE'LL MOVE TO THE NEXT SLIDE, PLEASE. RIGHT. SO WE DO HAVE THE NEW BREAKDOWN OF LEAD ACTIVE. AND THEN OF COURSE WITH THE INNOVATION FUND FIRST SCREENING THROUGH THE THIRD SCREENING AND INTERNAL REVIEWS. THEN NEXT SLIDE. SO REPRESENTING ABOUT 1.7 MILLION IN FULL CAPITAL INVESTMENT BILLION 6 TO 7000 JOBS. I'VE I DID THAT FOR CHANTELLE. YEAH.
ABOUT 6000 JOBS. NUMBER OF 51 PROJECTS. IF YOU HAVE CHILDREN YOU'LL GET THAT. IF NOT YOU MAY NOT. AND THEN GO AHEAD AND GO TO THE NEXT SLIDE PLEASE. OH. AND THEN COMPLIANCE OBLIGATIONS MET. OBLIGATIONS NOT MET FOR DIFFERENT PROJECTS OF 46 JOBS REPRESENTED THERE. AND THEN IF YOU HAVE ANY QUESTIONS ABOUT THAT WE CAN TALK ABOUT THAT OFFLINE. I DO WANT TO TALK ABOUT SMART CITIES AND WEB SUMMIT. JUST BRIEFLY. WE'LL GIVE A FULL REPORT HERE IN THE NEXT FEW WEEKS. BUT JUST TO GIVE YOU AN IDEA OF SOME NUMBERS THAT HAVE COME IN 2025, APPLICATIONS FOR INNOVATION FUND IS AT 246 AND THE LAST 17 DAYS. SO FIRST 17 DAYS OF NOVEMBER OVER SMART CITIES AND WEB SUMMIT. WE'VE RECEIVED 35 OF THOSE APPLICATIONS. SO TO GIVE YOU AN IDEA OF THE THINGS THAT ARE COMING FROM THE FRUITS OF OUR LABOR, IN A SENSE. BUT WITH THAT, I'LL STAND FOR ANY QUESTIONS ABOUT MEMBERS. QUESTIONS. THANK YOU SIR. THANK YOU. VERY GOOD. MANAGER OF MARKETING AND SOCIAL MEDIA. GOOD MORNING, MR. PRESIDENT.
MR. CHAIRMAN, MEMBERS OF THE BOARD, LUKE GAJJAR, SOCIAL MEDIA AND MARKETING MANAGER.
AND I SAW AN INTERESTING ANECDOTE. I HAVE AN UPDATE FOR YOU ON MARKETING, BUT AN ANECDOTE FROM VISIT MCKINNEY RECENTLY THAT THE TREE THAT IS PUT UP IN DOWNTOWN MCKINNEY IS SOURCED FROM THE SAME TREE FARM AS THE TREE IN ROCKEFELLER CENTER IN NEW YORK CITY. PRETTY INTERESTING. AND I THOUGHT THAT WAS AN INTERESTING PARALLEL IN THE FACT THAT MCKINNEY COMPETES ON SOME OF THE LARGEST STAGES WHEN IT COMES TO OUR PROJECTS, OUR MARKETING, OUR QUALITY OF LIFE. WE ARE AT A VERY HIGH LEVEL, AND SOMETIMES IT'S EASY TO FORGET THAT AND TAKE THAT FOR GRANTED. AND WHEN IT COMES TO OUR MARKETING, WHEN IT COMES TO OUR PROMOTIONAL EFFORTS, AGAIN, TO MENTION WHAT TALLEY SAID, SMART CITIES PEOPLE SAW THE NORTH TEXAS BANNER IN BARCELONA AND LOVED TO BE A PART OF I KNOW TEXAS, I HAVE FAMILY IN TEXAS. THEY WERE SO EAGER AND EXCITED TO TALK ABOUT ALL THINGS TEXAS. AND SO I THINK SOMETIMES IT'S IMPORTANT JUST TO RECOGNIZE THE FACT THAT WE ARE NOT A SMALL TEXAS TOWN. WE ARE A THRIVING COMMUNITY THAT IS SOURCING OUR TREE FROM THE SAME PLACE AS NEW YORK, WHICH IS, AGAIN AN INTERESTING PARALLEL TO THE QUALITY OF PRODUCTS WE PRODUCE. IN OUR MARKETING REPORT, YOU WILL NOTE THAT I'VE SHIFTED THE WEBSITE ANALYTICS A LITTLE BIT TO THE BOTTOM OF THE REPORT, THE ONE ATTACHED TO THE AGENDA, NOT THIS SLIDE, SIMPLY BECAUSE OUR BUSINESS ANALYTICS INTERN, TUSHAR, HELPED ME OPTIMIZE SOME OF THE ANALYTICS ON OUR WEBSITE AND BRING THEM UP TO SOME MORE CURRENT STANDARDS. AND SO WHAT YOU'LL NOTICE AS YOU GO THROUGH THAT REPORT, JUST TO FLAG FOR YOU, YOU'LL SEE THE ANALYTICS DROP OFF PAST THE PREVIOUS MONTH AS IF THERE'S NO DATA.
THAT DATA JUST LIVES IN A DIFFERENT SOURCE. SO WE ARE IN A BETTER SITUATION TO PROVIDE OPTIMIZATION OPTIMIZED ANALYTICS FOR OUR WEBSITE FROM NOW ON. BUT WE DO HAVE THAT HISTORICAL DATA JUST IN THIS MONTH'S REPORT. IT WILL SHOW AS IF THIS IS THE VERY FIRST MONTH OF REPORTING. SO JUST WANTED TO HIGHLIGHT THAT FOR YOU. AND WITH THAT ALL OF OUR NUMBERS MAINTAIN PRETTY STRONG. OUR WEBSITE VISITS ARE OUR DIGITAL ADVERTISING CAMPAIGNS CONTINUE TO BE OPTIMIZED AND RETOOLED FOR OUR REFINED STRATEGY. AND WITH THAT I WILL STAND FOR ANY QUESTIONS. ANY QUESTIONS? I'LL JUST SAY, I THINK YOU'VE BEEN DOING A FANTASTIC JOB OF JUST THE PENETRATION ON SOCIALS AND JUST THE, AGAIN, GETTING OUR NAME OUT AND THE THINGS THAT ARE GOING ON, NOT ONLY STUFF THAT WE'RE DOING, BUT THE COMMUNITY AS A WHOLE. SO I
[Consider/Discuss/Act on the September 2025 Financials]
THINK THAT'S AWESOME. APPRECIATE THAT. THANK YOU. OKAY. NEXT WE HAVE 25 3396 CONSIDER DISCUSS ACT. ON SEPTEMBER 2025. FINANCIALS. CHANCE. GOOD MORNING. CHANCE[00:20:01]
MILLER ASSISTANT FINANCE DIRECTOR. WE'RE GOING OVER OUR SEPTEMBER FINANCIALS. IT'S THE LAST MONTH OF THE FISCAL YEAR. I WILL NOTE EVERY YEAR WHEN WE GET TO THIS MOMENT, WE'RE STILL CLOSING OUT SEPTEMBER AND FISCAL YEAR 25. SO THIS IS OUR PRELIMINARY VIEW OF WHERE THINGS STAND. AND THEN I USUALLY PRESENT THE FINAL ONES WHEN IT COMES ABOUT JANUARY OR SO AFTER THE AUDITORS HAVE VERIFIED EVERYTHING. THEN I'LL GIVE YOU THE FINAL NUMBERS.THIS GIVES YOU A SNAPSHOT OF WHERE WE'RE WHAT WE'RE LOOKING AT RIGHT NOW. SO FOR SEPTEMBER, WE COLLECTED $2.1 MILLION IN SALES TAX REVENUE. THAT BROUGHT OUR YEAR TO DATE TO 24.4 MILLION. THAT IS ON THE CASH BASIS RIGHT NOW UNTIL WE ACCRUE THE LAST TWO MONTHS, INTEREST INCOME WAS 160,000. YEAR TO DATE, THAT'S 1.5 MILLION MISCELLANEOUS REVENUES. THAT'S RELATED TO THE KDP FEE THEY PAY. THAT'S 37,000 TOTAL FOR THE YEAR, 641,000. THE 62 MILLION RIGHT THERE IS FOR THE BOND ISSUANCE THAT WHEN WE ISSUED DEBT EARLIER IN THE YEAR. SO TOTAL REVENUE FOR THE YEAR IS 89.9 MILLION. LOOKING AT EXPENDITURES, WE HAD 312,000 FOR OPERATIONAL EXPENSES. THAT BRINGS OPERATIONS UP TO 4.1 MILLION FOR THE YEAR. PROJECT EXPENSES WAS 99.8 MILLION. YEAR TO DATE, THAT'S 73.5 MILLION. AND THEN OUR NON-DEPARTMENTAL 1.5 MILLION YEAR TO DATE, FIVE POINT, OR A LITTLE OVER 5 MILLION. AND AT THE BOTTOM YOU CAN SEE THAT'S 82 MILLION TOTAL AND EXPENDITURES. BUT THIS IS KIND OF THE FIRST MONTH WE LOOK AT THAT VERY BOTTOM LEFT CHART, AND IT KIND OF SHOWS WHAT WE'RE EXPECTING FUND BALANCE TO BE RIGHT NOW. SO WE STARTED THE YEAR AT 38.5 MILLION, ADDED THE REVENUES MINUS THE EXPENSES.
AND WE'RE LOOKING AT 45.6 MILLION AS OF RIGHT NOW. NOW WE STILL GOT TO DO THE ROADWAY TRANSFER. I HAVE TO WAIT. WE ACTUALLY JUST GOT SALES TAX FOR THIS LAST MONTH OR FOR SEPTEMBER. SO SHE'S DOING THE CALCULATIONS NOW. AND SO THAT'S GOING TO BE PROBABLY ABOUT 1.6 MILLION ADDED TO EXPENDITURES. AND THEN I THINK THERE'S ONE PROJECT WE HAVE TO ACCRUE THAT WE PAID IN 26. SO AND THEN WE GOT SALES TAX AS WELL. SO THESE WILL CHANGE SLIGHTLY WHEN I COME BACK AND PRESENT THE FINAL NUMBERS. BUT AT LEAST GIVES YOU A GOOD INSIGHT INTO WHERE WE'RE ACTUALLY CURRENTLY PROJECTING TO END SALES TAX. THIS APPLIES TO JULY. AND WE HAD A 4.2% INCREASE. ALLEN HAD A SLIGHT DECREASE, FRISCO HAD A SLIGHT INCREASE. THEN PLANO HAD A 26.5% INCREASE. YOU SEE, YEAR TO DATE THAT GETS US ABOUT 23%. ALLEN'S BASICALLY KIND OF BROKEN EVEN FIRST GOES UP 2% AND THEN PLANO IS UP THE 10%, WHERE THEY'VE KIND OF BEEN CRUSHING IN THE PAST 4 OR 5 MONTHS. NOW. LASTLY, SALES TAX BY INDUSTRY RETAIL TRADE HAS STAYED STEADY AT 4%. THIS IS A YEAR TO DATE VARIANCE. SO WHEN WE'RE THIS FAR IN THE YEAR, IT TAKES SOME KIND OF DRASTIC TO CHANGE THAT PERCENTAGE. BUT 4% THROUGH THE YEAR. THAT'S OUR BEST INDICATOR OF MOVING FORWARD. FOOD SERVICES HAS BEEN AROUND THE 7 TO 8% FOR A WHILE NOW. BUT THEN YOU KIND OF SEE THE REST OF THE INDUSTRY AS WE GO DOWN THE CHART. I'LL BE HAPPY TO ANSWER ANY QUESTIONS. THAT'S THE SEPTEMBER FINANCIALS AND PRELIMINARY VIEW AT YEAR END. THANK YOU. ANY QUESTIONS FOR CHANCE? ANY INDICATORS OF WHY PLANO IS YOU KNOW WE FIRST SAW THAT I THOUGHT WELL MAYBE IT'S AN ADJUSTMENT ANOMALY MONTH. ANY IT'S GOT IT'S GOT TO BE A NEW BUSINESS SOMETHING THAT EITHER THEY GOT SOMEONE THERE. NOW I KNOW THEY'RE NOT SAYING THAT IN THEIR PUBLIC REPORTS, WHICH IS UNDERSTANDABLE. THEY'RE NOT GOING TO PUT IT OUT TO THE PUBLIC. BUT THE ONLY THING THAT WOULD SUGGEST THAT WOULD BE A NEW BUSINESS COMING INTO PLANO, EITHER, WHATEVER THAT COULD BE, BUT I DON'T I CAN'T SEE THE INSIDE OF EXACTLY HOW, YOU KNOW, THE BREAKDOWN OF THEIR SALES TAX, BUT I JUST CAN'T THINK OF ANYTHING ELSE THAT WOULD DRIVE THAT BIG OF A POSSIBLE DATA CENTER. I MEAN, THAT'S ALWAYS POSSIBLE. YOU KNOW, SOMETHING THAT SOURCES A LOT OF STUFF LIKE THAT COMING THROUGH, BUT ANYTHING WOULD JUST BE A GUESS FROM MY POINT OF VIEW RIGHT NOW. THEY HAVEN'T ANSWERED MY QUESTIONS. AND THEN THEIR PUBLIC REPORTS, THEY JUST SAY IT'S INCREASED CONSUMER SPENDING AND ALL THEIR REPORTS TO THE PUBLIC, WHICH IS DEFINITELY, DEFINITELY NOT THE CASE. SO YEAH, THANK YOU. BEING SARCASTIC. ANY OTHER QUESTIONS. ALL RIGHT. THANK YOU VERY MUCH.
WE NEED A MOTION TO ON THE FINANCIALS MOVE TO APPROVE I'LL SECOND. OH I HAVE TO DO IT.
IT'S ACTUALLY WORKING. MOTION BY MARK. SECOND BY JULIE VOTES. AND THAT MOTION PASSES. NEXT WE
[PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA]
HAVE PUBLIC COMMENTS REGARDING MATTERS NOT ON THE AGENDA. ANY BOARD COMMENTS. ALL RIGHT. THEN[EXECUTIVE SESSION]
WE WILL MOVE INTO EXECUTIVE SESSION IN ACCORDANCE WITH TEXAS GOVERNMENT CODE SECTION 551071, SUBPARAGRAPH TWO CONSULTATION WITH ATTORNEY ON ANY WORK SESSION, SPECIAL OR REGULAR SESSION. AGENDA ITEM REQUIRING CONFIDENTIAL ATTORNEY CLIENT ADVICE NECESSITATED BY THE DELIBERATIONS OR DISCUSSION OF SAID ITEMS. SECTION 551072 DELIBERATIONS ON REAL PROPERTY AS POSTED IN THE AGENDA. SECTION 55107 FOR PERSONNEL MATTERS 551087. ECONOMIC DEVELOPMENT MATTERS. ALSO AS POSTED IN THE AGENDA. WE WILL BE BACK AFTER EXECUTIVE SESSION.[00:25:05]
IN THE EVENT THAT WE NEED TO TAKE ANY FURTHER ACTION. AND WE ARE* This transcript was compiled from uncorrected Closed Captioning.