May 28, 2026 McKinney Community Development Corporation

[CALL TO ORDER]

[00:00:04]

GOOD MORNING. GOOD MORNING. TODAY IS THURSDAY, MAY 28TH. THE YEAR 2026. IT'S 8:00 IN THE MORNING. WE'RE AT CITY HALL COUNCIL CHAMBERS AT 401 EAST VIRGINIA STREET IN THE GREAT, GREAT CITY OF MCKINNEY, TEXAS. WE ARE GOING TO START WITH THE PLEDGE OF ALLEGIANCE. SO IF YOU WOULD PLEASE STAND AND JOIN ME. 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. RIGHT. I KNOW TWO PEOPLE HAVE SIGNED UP TO SPEAK, BUT I BELIEVE IT IS ON AGENDA ITEMS. IS THERE ANY ANYBODY THAT'S HERE TO SPEAK ON A NON AGENDA ITEM FIRST? IF NOT,

[PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items)]

I RESIDE AT 510, A SOUTH KENTUCKY STREET, AND I AM THE CEO OF HUGS CAFE INC. AND I AM HERE TO SPEAK IN SUPPORT OF THE HUGS GREENHOUSE EXPANSION PROJECT. FOR OVER TEN YEARS. I HOPE I DON'T CRY DOING THIS. I KNOW THIS IS A BIG MOMENT FOR US. HUGS HAS BEEN ROUTED, WATERED AND LOVED BY MCKINNEY IN THESE TEN YEARS. HUGS, CAFE INC AND HUGS GREENHOUSE HAVE GROWN TO NATIONAL RECOGNITION AND PUBLICATION, BRINGING EYES AND HEARTS FROM ACROSS THE COUNTRY AND EVEN ACROSS THE WORLD TO EXPERIENCE THE POWER OF INCLUSIVE HIRING IN OUR AMAZING CITY. AND THEY LEAVE CHANGED, EAGER TO REPLICATE THE IMPACTFUL MODEL THAT THEY HAVE JUST WITNESSED. AND WITH THESE EYES AND HEARTS FROM ACROSS THE WORLD LOOKING AT US, WE HAVE THE INCREDIBLE OPPORTUNITY TO BE THE THRIVING EXAMPLE OF JOB CARVING AND ID D EMPLOYMENT.

OUR REQUEST TO MCDC TODAY IS A LARGE SUM. THIS INVESTMENT IN OUR MISSION IS THE BEGINNING OF A FUTURE, AND AFTER EIGHT YEARS OF SUSTAINABLE OPERATIONS, IS AN ESSENTIAL STEP TO EQUIP OUR SOCIAL ENTERPRISE WITH THE STAFF FOR A SUCCESSION PLAN AND TO GROW OUR REVENUE AND RESPONSIBILITIES THAT WILL GENERATE, AT A MINIMUM, TWO TIMES THE NUMBER OF HUGS, GREENHOUSE MISSION BASED EMPLOYEES AND IMPACT. IN THE PAST TEN YEARS OF OPERATION, HUGS CAFE INC HAS SECURED LESS THAN 7% OF ITS TOTAL FUNDRAISING FROM THIS BOARD OR ANY CITY GRANT OPPORTUNITIES. THIS FIGURE SHOULD REFLECT THAT HUGS CAFE INC AND ITS TEAM MAKE EVERY EFFORT TO SEEK ADDITIONAL PARTNERSHIPS AND SUPPORT OF OUR SUSTAINABLE EFFORTS. THAT 7% WOULD INCLUDE THIS BOARD SAYING YES TO THE ENTIRE SUM TODAY. TWO YEARS AGO, HUGS HAD A VERY SCARY REALITY CHECK. UNLESS WE WERE ABLE TO SECURE $500,000, WE WERE GOING TO LOSE OUR GREENHOUSE PROGRAM FOREVER. AND WITHIN 12 MONTHS, HUGS WAS ABLE TO NEGOTIATE THE SALE OF OUR GREENHOUSE PROPERTY AND RAISE THE FUNDS NEEDED FROM OVER 100 SUPPORTERS TO GUARANTEE OUR PERMANENCE. 30% OF THOSE FUNDS WERE CONTRIBUTED FROM OTHER ORGANIZATIONS AND FOUNDATIONS, AND THE OTHER 70% WERE FROM INDIVIDUAL CONTRIBUTORS, 90% OF THOSE BEING PEOPLE THAT LIVED IN THE CITY OF MCKINNEY. MCKINNEY IS OUR HOME. IT IS WHERE WE GOT OUR START AND

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[26-0482 30 Years of MCDC: Community Partner Spotlight - McKinney Economic Development Corporation]

IT'S A BEAUTIFUL IT'S A BEAUTIFUL MOMENT TO FOLLOW. SO I'M PROUD TO BE UP HERE. MISTER CHAIRMAN, MADAM PRESIDENT, BOARD MEMBERS MICHAEL KOSKI, PRESIDENT OF THE DC. PLEASE GO AHEAD. WE ARE PLEASED TO BE HERE TO TAKE A SNAPSHOT AT A FEW THINGS THAT WE'VE WORKED ON TOGETHER OVER THE PAST 30 YEARS. THIS IS NOT FULLY INCLUSIVE OF ALL OF OUR PARTNERSHIPS AND CONVERSATIONS, BUT IT CERTAINLY DOES SPOTLIGHT MANY THINGS THAT ARE YIELDING SOME GREAT FRUIT TODAY. LET'S START WITH BYRON NELSON. THIS IS A BIG LIFT FOR THE ENTIRE CITY, AND CERTAINLY FOR THE MDC AND MCDC TO WORK TOGETHER. MANY OF YOU FOLKS HAVE AN OPPORTUNITY TO CROSS POLLINATE WITH OUR GUESTS IN OUR SUITE TO SELL MCKINNEY. AND THOSE RELATIONSHIPS ARE GROWING AND GROWING MORE AND MORE. WE FIND THAT THAT FOUR DAY ADVENTURE THAT WE'RE ALL ON YIELDS PROBABLY OUR GREATEST AMOUNT OF, OF, OF POTENTIAL PROJECTS THAT WE SEE GOING FORWARD BECAUSE OF THE STORYTELLING. AND LAUREN AND TEAM, I ASSURE YOU HUGS IS PART OF THAT STORY, RIGHT? IT SEPARATES MCKINNEY FROM OTHER CITIES ACROSS THE WORLD. THESE ARE SOME THINGS THAT WE WORK ON TOGETHER AS WE AIM TOWARDS SHARED PROSPERITY. AND THIS IS A COMPLETE TEAM EFFORT. SO JOINING ME TODAY, OF COURSE, IS THE MEDC TEAM IS HERE IN THE AUDIENCE, SPREAD ABOUT THE SUPPORT AND SHOW SUPPORT FOR WHAT WE DO TOGETHER. IT'S ABOUT GROWING THE TAX BASE. IT'S ABOUT TOURISM. IT'S ABOUT INNOVATION, OF COURSE, BUT IT'S THAT SHARED PROSPERITY, PROSPERITY FOR ALL. THAT'S WHAT MOTIVATES US OVERALL. AND OUR NEWEST ADDITION TO THE TEAM, GLENNIS WOOLRIDGE, OUR CHIEF OF STAFF, WROTE THIS BEAUTIFUL STATEMENT HERE. MDC JOBS TO GROW OPPORTUNITY. MC DC'S JOB IS TO MAKE SURE THAT OPPORTUNITY IS ROOTED IN COMMUNITY. PEOPLE LOVE WHAT A GREAT SYMBIOTIC RELATIONSHIP THAT WE'RE BUILDING THERE. AS AN AROUND FOR OVER 30 YEARS THIS JOURNEY AND OUR MISSION AND VISION ARE HERE JUST FOR YOUR YOUR REFERENCE. I WON'T SPEND MUCH TIME ON THIS SLIDE BECAUSE I WANT TO GET TO THIS SLIDE, WHICH HAS BEEN MY FAVORITE SLIDE TO SHOW IN MY PRESENTATIONS AS OF LATE. THAT RED SQUARE IS DFW 8.5 MILLION PEOPLE STRONG PLUS OR MINUS.

EACH STATE IN BLUE HAS A SMALLER POPULATION THAN DFW. LET THAT SINK IN FOR A SECOND.

THAT'S CLOSE TO 40 STATES RIGHT NOW IN AMERICA HAVE POPULATION LOWER THAN DFW. WHAT A RESPONSIBILITY WE HAVE TO MAKE SURE THAT WE'RE GROWING MCKINNEY CORRECTLY, RESILIENTLY AND SO ON. MORE THAN THAT, WE HAVE MANY ACCOLADES WHICH WE SHARE TOGETHER. THESE ARE ONES THAT KIND OF POPPED UP IN THE PAST 12 TO 18 MONTHS. THE BEST REAL ESTATE MARKET IN THE US, BEST FARMERS MARKET, BEST CITY FOR JOBS, BEST PLACE TO RETIRE, AND OF COURSE, MOST AFFORDABLE CITY, MOST AFFORDABLE CITIES IS AN INTERESTING ONE BECAUSE AS WE KNOW, WE ARE TRYING TO MAKE SURE AFFORDABLE HOUSING OPPORTUNITIES ARE ROBUST AND THROUGHOUT THE COMMUNITY. SO MY MESSAGE HERE TO THE AUDIENCE, PERHAPS SEEING THIS FOR THE FIRST TIME IS THAT WE'RE NOT RESTING ON HIS LAURELS. THESE ARE JUMPING OFF POINTS, BUT HOW WE GET BETTER IN THAT PARTNERSHIP THAT WE HAVE WITH THE CDC. AND IT REALLY KICKS OFF WITH SOME STUFF WE FOUND BACK IN THE ARCHIVES. YOU KNOW, WHEN TORCHMARK CAME HERE, NOW CALLED GLOBE LIFE, EARLY 2000, IT WAS A JOINT EFFORT WITH MCDC AND EDC TO BRING THIS GREAT COMPANY. AND NOW THEY'VE ROOTED THEMSELVES EVEN DEEPER IN MCKINNEY AT THE FORMER INDEPENDENT FINANCIAL BANK BUILDING. SO THEY'RE HERE. THEY'RE GROWING. THE FORMER CAMPUS NOW IS AN OPPORTUNITY SITE THAT WE CAN ALL WORK TOGETHER TO BRING MORE PEOPLE IN. SO AGAIN, PLANTING OUR FLAG TO GET A GLOBAL 1000. MCKINNEY, BASED UPON THE WORK HAPPENING HERE, ALSO A PARTNERSHIP WITH RAYTHEON, YOU KNOW, WORKING TO BRING GREAT JOBS TO MCKINNEY. IF I RECALL CORRECTLY, RAYTHEON IS PROBABLY NEARING 4000 EMPLOYEES AT MCKINNEY CAMPUS ALONE. THAT'S AN AMAZING OPPORTUNITY FOR PEOPLE TO, AGAIN, HAVE THEIR FAMILIES HERE AND GROW AND VISIT THE GREAT PLACES THAT WE'RE BRINGING TO THE COMMUNITY OVERALL. AND THIS IS A BIG ONE. I CANNOT UNDERSTATE THE IMPACT DISTRICT 121 HAS HAD IN OUR RECRUITING PURPOSES ACROSS THE WORLD AND

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PERHAPS THE BIGGEST THING THAT WE'VE DONE TOGETHER AS OF LATE IS THE VENUE, SUNSET AMPHITHEATER IN MCKINNEY, SCHEDULED TO OPEN FIRST QUARTER NEXT YEAR. CINDY CAN ATTEST TO THIS. THIS WAS A MAJOR ENDEAVOR. SHE, THE MAYOR AND I HAD A CHANCE TO GO OUT OF STATE TO VISIT THIS PROJECT IN COLORADO SPRINGS TO CHECK IT OUT IN PERSON. THAT'S WHAT WE DO. WE COME TOGETHER, WE JUMP ON AN AIRPLANE, WE VISIT PEOPLE, WE TELL THEM MCKINNEY STORY. AND MORE OFTEN THAN NOT, WE'RE HAVING A PUBLIC ANNOUNCEMENT. AND WE'LL SOON HAVE A RIBBON CUTTING ON THIS PROJECT. FOR THE PEOPLE NEW TO THIS PROJECT, IT'S A $300 MILLION INVESTMENT IN THE GREAT CITY OF MCKINNEY. 2000 SEATS FULLY COVERED. SO WE'VE HAD SOME QUESTIONS COME UP ABOUT THE SUPERSTRUCTURE THAT'S BEING BUILT OUT THERE. AND PEOPLE FORGET EVERY SEAT IN THE VENUE WILL BE COVERED. THAT'S WHY IT'S SO ROBUST. AND THE SUPERSTRUCTURE, THE BEAMS AND SO ON ARE SO LARGE BECAUSE WE'RE TRYING TO LIMIT OBSTRUCTIONS OF VIEWS INSIDE THE BUILDING. SO A GREAT SIGHTLINES THERE. AND THEN THE CLAIM THE FAME OF THIS WILL BE THE FIRE PIT SUITES. SO PEOPLE HAVE THE OPPORTUNITY TO BUY A PIECE OF THE AMPHITHEATER TO WATCH SHOWS. THE SEATS ARE THE SUITES, I SHOULD SAY, ARE BETWEEN 4 AND 10 PEOPLE. CHECK OUT THEIR WEBSITE. CITY'S WEBSITE VENUES WEBSITE FOR MORE INFORMATION. BUT AGAIN, A MAJOR CONTRIBUTION FROM CDC MADE THIS HAPPEN IN COORDINATION WITH CDC PROGRAM TO USE OUR LAND IN A BETTER WAY. AND NEXT TO VENUE IS THE SHERATON HOTEL. PEOPLE FORGET THAT WAS A MAJOR PROJECT AT THAT INTERSECTION. THE OWNERS OF THAT HOTEL ARE NOW LOOKING TO REINVEST IN THE HOTEL. AS YOU CAN EXPECT WITH VENUE COMING ALONG, WE HAVE BRAND NEW PEOPLE COMING TO MCKINNEY. SO ANOTHER EXAMPLE OF HOW SOME FORETHOUGHT AT CDC SIZE EDC SIDE IS NOW YIELDING SOME GREAT FRUITS OVER THESE MANY DECADES. WE TURN TO BYRON NELSON. WE HOST ABOUT 400 PEOPLE. WE BRING IN TO MCKINNEY. AND PART OF THAT JOURNEY IS HAVING FOLKS WHO ARE OUT OF STATE COME HERE FOR THE FIRST TIME QUITE OFTEN, AND WE SHOW OFF. AND THIS TIME AROUND, WE SHOWED OFF THE DOWNTOWN AREA. WE HAD A SMALL GROUP, 20 TO 25 PEOPLE. WE DID A PROGRESSIVE DINNER. WE STARTED AT TUFTS JOURNEY TO LOCAL YOKEL BUTCHER SHOP, THEN TO HARVEST, AND THEN TO THE FORMER PRISON. TUBBS SHOWED VERY WELL AGAIN, AS PEOPLE WALK UP TO TUBBS WHO ARE NEW TO THE AREA, THEY CANNOT BELIEVE WHAT THEY'RE WALKING INTO. YOU TURN A CORNER AND THERE'S SOMETHING NEW. THERE'S A NEW LINE OF SIGHT TO SOMETHING THEY HAVEN'T SEEN BEFORE. THE BACKDROP DROP OF THE FLOUR MILL IN DOWNTOWN AND EVERYTHING ELSE, A FANTASTIC PROJECT. SO WE APPRECIATE MCDC REALLY AT THE LEADING EDGE OF THIS PROJECT TO GET IT DONE.

AND WE'RE HAPPY AS EDC TO SUPPORT THIS AS WELL. BUT A GREAT ENTRY AND FRONT DOOR TO WHAT WE'RE DOING IN MCKINNEY. AND THEN THE CANNON BEACH SURF PARK. SO THE WATER PORTION GETS ALL THE ATTENTION. I WILL I WILL ADMIT TO THAT ALL DAY LONG, BUT CREATING OCEAN WAVES IN THE MIDDLE OF MCKINNEY IS JUST THE START. WHAT WE'RE PROVIDING TO MCKINNEY ARE MORE RESTAURANTS, MORE RETAIL, A FOUR STAR HOTEL, LAZY RIVER OPPORTUNITIES FOR MCKINNEY RESIDENTS AND BEYOND TO COME TO MCKINNEY, SPEND 3 OR 4 HOURS AND FEEL LIKE THEY'RE IN A SAFE, SECURE AREA WHERE THE KIDS CAN HAVE AN ADVENTURE. OVER HERE, PARENTS CAN RECREATE OVER HERE AND ALL FEEL LIKE THEY'RE CONNECTED TOGETHER. AGAIN. I MUCH RESPECT TO CINDY FOR WORKING WITH ME ON THIS PROJECT TO GET THIS ONE DONE. ANOTHER EXAMPLE, WE JUMPED ON THIS ONE. WE JUMPED ON AN AIRPLANE AGAIN, WENT TO MESA TO LOOK AT THEIR CURRENT EXAMPLE AS A UNIFIED FRONT. THE CITY.

FORMER MAYOR FOWLER, NOW CHAIR, JOINED US. CINDY JOINED US, AND OTHER MEMBERS JOINED US TO TELL THE MCKINNEY STORY OVERALL. AND THEN THE NATIONAL AIRPORT. THIS IS CREATING A BUZZ WHICH I CANNOT UNDERVALUE IN THIS PRESENTATION HERE, AS WE'RE TALKING TO CORPORATE RELOCATION POTENTIALS, AS WE'RE SPEAKING WITH PEOPLE WHO ARE TRYING TO FIGURE OUT WHERE TO PLANT THEIR FOREVER BUSINESS HOME, THIS IS PART OF THE STORY. IT'S A VERY IMPORTANT STORY. NOW, I UNDERSTAND THAT THE FIRST AIRLINE WILL BE MORE LEISURE FOCUSED, BUT THAT'S OKAY.

THAT'S THAT'S EXACTLY WHAT PEOPLE WANT TO SELL TO THEIR THEIR STAFF AND THEIR EMPLOYEES,

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AND JUST FOR THE PUBLIC'S VIEW, REMINDER OF WHAT THAT MEANS FOR ALL OF US HERE, NUMBER OF JOBS, ECONOMIC OUTPUT, AND SO ON. THIS SLIDE HAS BEEN SEEN IN MANY FORMATS, BUT I THINK IT'S GOOD TO HAVE IT IN THE RECORD AS A REMINDER. SO WHAT HAPPENS NEXT. SO WE TALK ABOUT THE MCKINNEY ADVANTAGE. HERE'S HOW I SEE IT FROM MY VIEW. I HOPE YOU AGREE WITH THIS. WE HAVE CONTROLLED GROWTH AND ECOSYSTEM BUILDING. PERSPECTIVE. DEALS MAKE THE HEADLINES, BUT WE'RE TRYING TO BUILD AN ECOSYSTEM HERE WHERE DEALS AREN'T THE ONLY HEADLINES. WE'RE TRYING TO CREATE AN ECOSYSTEM WHERE PEOPLE WANT TO INVEST HERE WITHOUT FINANCIAL SUPPORT, SOMETIMES WITHOUT DIRECT INTERACTION WITH THE CITY, BECAUSE THEY WANT TO BE HERE, BECAUSE THEY SEE VALUE HERE. OUR CONNECTIVITY AND FUTURE INFRASTRUCTURE, WE FORGET WE'RE BUILDING BRAND NEW HIGHWAYS IN MCKINNEY RIGHT NOW. THAT'S AN UNLOCK A LOT OF GREAT OPPORTUNITY FOR ALL OF US. AND THEN WORKFORCE AND LIVABILITY ADVANTAGE, THE TALENT, THE QUALITY OF LIFE, THE THE SPIRIT THAT IS IN EVERY BUILDING IN MCKINNEY RESONATES. AND THEN WE LOOK FURTHER OUT. SO ANGELA AND I HAD A PLEASURE TRAVELING TOGETHER LAST FALL TO THE SMART CITY EXPO TO TALK ABOUT HOW WE GET BETTER AS A CITY. SO ANOTHER EXAMPLE OF HOW WE'RE PARTNERING TOGETHER TO MAKE THE CITY MCKINNEY ON THE MAP AND MAKE SURE THAT WE'RE EVOLVING IN THE CORRECT WAY. SO WITH THAT, MR. CHAIRMAN, I WILL STAND FOR ANY QUESTIONS OR OBSERVATIONS. ANY QUESTIONS? MIKE, YOU'RE OBVIOUSLY TREMENDOUSLY RESPECTED. WE HAVE IN YOU A PRESIDENT OF EDC, AS WE HAVE IN CINDY AND CDC, TREMENDOUS TALENT. SO THANK YOU.

THANK YOU FOR ALL YOU DO. AND YEAH, THIS PRESENTATION FOR I HOPE, I HOPE PEOPLE TUNE IN AND COME BACK AND WATCH THIS. IT'S OBVIOUSLY WILL LIVE IN PERPETUITY ONLINE. THEY SHOULD LOOK AT THIS PRESENTATION AND REALLY UNDERSTAND THE IMPACT THAT THAT SALES TAX DOLLARS HERE, MCKINNEY HAVE. AND THEN OF COURSE, THAT IMPACT ONLY HAPPENS IN A REAL POSITIVE AND CONSTRUCTIVE WAY WITH THE RIGHT LEADERSHIP. SO THANK YOU. THANK YOU SIR. YEAH. AND JUST WANT TO THANK THE TEAM THAT'S HERE AS WELL. I GET TO BE UP HERE KIND OF EXPRESSING ARTICULATING WHAT WE DO. BUT THEY'RE A TEAM THAT, YOU KNOW, I WAS I WAS TALKING ABOUT YOUR TEAM. THAT'S WHAT YOU. MAKE SURE THE RECORD HAS THAT YOU'RE JUST THE PRETTY FACE. I WISH I CAN BE GREAT THANK YOU MIKE. THANK YOU. THANK YOU VERY MUCH. THANKS. CONSENT ITEMS. THIS PORTION OF

[CONSENT ITEMS]

[26-0485 Financial Report]

SO THESE PAST ABOUT 4 OR 5 MONTHS, IT'S HAD MORE OF A NEGATIVE IMPACT ON US. BUT ANY EXPANDED TIME FRAME YOU LOOK AT, IT ALWAYS NETS ITSELF OUT. AND SO I'D EXPECT THAT TO KIND OF START TURNING AROUND OVER THE NEXT YEAR OR SO AS WELL FOR THAT ASPECT. BUT EVEN WITH AUDIT COLLECTIONS, WE'RE AT A 3.4% INCREASE YEAR TO DATE. AND IF YOU RECALL BACK TO OUR

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WE HAD A REALLY STRONG SALES TAX MONTHS AS WELL. THAT WILL PUT US WELL ABOVE THE 3.5%. BUT YOU CAN SEE ALLEN HAD 29.4% INCREASE OVER LAST YEAR. FRISCO HAD 8%, AND THEN PLANO HAD A DECREASE. AND THERE YOU CAN SEE THE YEAR TO DATE PERCENTAGES AS WELL. I WANTED TO TOUCH ON IT BY INDUSTRY. SO NOW THAT WE'RE SO FAR INTO THE YEAR, IT'S GOING TO TAKE A REALLY STRONG MONTH ONE WAY OR NEGATIVE MONTH TO REALLY IMPACT THESE YEAR TO DATE VARIANCES. BUT RETAIL TRADES AT 3% STILL RIGHT ALONG. IF YOU IT'S REALLY 3.5%, IT'S LIKE 3.4 ROUNDS DOWN. BUT SO EITHER WAY, WE'RE RIGHT ALONG THAT 3.5%. WE BUDGETED AND EVERYTHING LOOKS FINE.

CONSTRUCTION, AS I MENTIONED LAST MONTH, IS DOWN. BUT THAT'S A NEGATIVE AUDIT COLLECTION.

THAT'S WHERE THAT AUDIT COLLECTION HURTS US. AND SO IT'S REALLY POSITIVE SALES TAX AND CONSTRUCTION. IT'S JUST THE AUDIT COLLECTION MAKES IT LOOK LIKE IT'S DOWN. BESIDES THAT, I'LL BE HAPPY TO ANSWER ANY QUESTIONS ON THE FINANCIALS. ANY QUESTIONS ON ALLEN. THIS IS THE SECOND MONTH IN A ROW WE FIGURED OUT HOW THEY'RE GETTING THE 30% GROWTH LIKE THAT. SO WE ACTUALLY HAVE A FEW STAFF MEMBERS THAT USED TO WORK FOR ALLEN AND EVEN EVEN THEM, THAT THEY'RE NOT REALLY COMMUNICATING EVEN TO THEM EXACTLY WHERE IT'S COMING FROM.

I'M NOT SURE IF THEY DO ANALYTICS AT THE SAME DEPTH THAT WE DO. SO I'M NOT SURE IF THEY ACTUALLY LOOK BY INDUSTRIES AND I WOULD I WOULD HOPE THEY DO. BUT FROM MY CONVERSATIONS, IT ALMOST SEEMS LIKE THEY DON'T. NOW, WHAT THEY'RE SAYING IS THAT IT'S EITHER RELATED TO COSTCO OR THE DATA CENTERS. I'M RELUCTANT TO BELIEVE COSTCO. I'D BE MORE WILLING TO BELIEVE, BUT DATA CENTERS IS MORE THAT UP FRONT WHEN THEY BUY EVERYTHING UP FRONT. BUT THIS HAS BEEN MULTIPLE MONTHS OF GROWTH, SO IT'S HARD FOR ME TO BELIEVE THAT THAT WOULD BE THE TRUE CAUSE OF THAT. BUT WITH US LIMITED DATA, WE CAN SEE AND WITH THEM NOT BEING REALLY WILLING TO SHARE THAT INFORMATION WITH US, WE'RE KIND OF IN THE DARK. EXACTLY WHAT'S GOING ON OVER THERE. THE BEST GUESS IS GOING TO BE COSTCO. SO THANK YOU. AND IF YOU'RE LOOKING AT THE TOTAL NUMBERS, IF WE GO BACK PAGE, YOU CAN SEE THAT AT THE BOTTOM, YOU CAN SEE THAT WE COLLECT, YOU KNOW, CLOSE TO SEVEN, LIKE THIS MONTH, WE COLLECTED 7.2 MILLION. THEY'RE AT 5.3 MILLION, WHICH IS STILL FAIRLY CLOSE. BUT A, IF YOU'RE TALKING ABOUT PERCENTAGES, YOU KNOW, COSTCO COULD MAKE A BIGGER DIFFERENCE THERE THAN IT WOULD WITH US WHEN WE'RE TALKING ABOUT TOTAL TOTAL DOLLARS AND STUFF LIKE THAT AS WELL. THANKS. ANY OTHER QUESTIONS? THANK YOU SIR. THANK YOU. 260486 BOARD LIAISON

[26-0486 Board and Liaison Reports Board Chair City of McKinney Visit McKinney McKinney Economic Development Corporation McKinney Main Street/MPAC McKinney Parks and Recreation]

GROUNDBREAKING DIRECTION 613 THE TOUR OF THE FARM MCKINNEY ROOTS. GROUNDBREAKING FIRST FOUNDATION APPRECIATION R&B MUSIC FESTIVAL SMILES CHARITY BOOTS AND BLING VOLUNTEER.

MCKINNEY EXECUTIVE DIRECTORS QUARTERLY MEETING. MCKINNEY FIRE ADMINISTRATION BUILDING.

RIBBON CUTTING. GRACE TO CHANGE ANNIVERSARY CELEBRATION AND, OF COURSE, THE CJ CUP. BYRON NELSON AND YOU KNOW, WHEN I WHEN I READ THAT LIST, YOU HEAR SO MANY OF THESE EVENTS THIS PAST MONTH ARE REALLY UNIQUE ENDEAVORS AND CHARITIES AND PHILANTHROPIC ORGANIZATIONS THAT ARE HERE. MCKINNEY LIKE DIRECTION 613 WITH WHAT THEY'RE DOING FOR AGING OUT FOSTER KIDS.

WHAT I THINK MCKINNEY ROOTS IS GOING TO DO AND IS DOING WILL DO SO INNOVATIVE AND SO LEADING EDGE IN IN THINKING OUTSIDE THE BOX ON USE OF OF PARKLAND AND TURNING INTO EDUCATIONAL OPPORTUNITIES AND, AND FEEDING FOOD INSECURE FAMILIES TO THE GREAT EXTENT THAT THEY CURRENTLY DO AND WILL NOW BE ABLE TO DRAMATICALLY INCREASE. IT'S JUST INSPIRING TO SEE, YOU KNOW, ALL THESE ORGANIZATIONS THAT DO SO MUCH GOOD HERE IN MCKINNEY, IN THIS COMMUNITY.

AND WITH THAT, WE WILL MOVE TO CITY OF MCKINNEY. PAUL GRIMES. I'M NOT SURE IF AMY KINCAID IS HERE. SHE IS? YES. OH, THERE SHE IS. WELL, GOOD. BECAUSE I WANTED TO THANK HER AND HER STAFF, BUT NOT FOR WHAT YOU MIGHT THINK. BYRON NELSON WAS GREAT, VERY SUCCESSFUL. AND I DO WANT TO PUBLICLY THANK OUR POLICE AND FIRE CVB, EDC, CDC, FOLKS, EVERYBODY. MCKINNEY SHOWED VERY WELL. AS USUAL, I KNOW THAT OUR FRIENDS AT THE SALESMANSHIP CLUB AND OUR PARTNERS WERE EXTREMELY HAPPY AS I TALKED TO THEM. AS I GO AROUND SORT OF INFORMALLY ASKING THEM HOW IT'S GOING AND TO A PERSON, THEY VERY MUCH APPRECIATE BEING IN MCKINNEY

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FOSTER VETERANS MEMORIAL PARK. MAYOR COX WAS THERE TO GIVE COMMENTS, AND WE READ THE NAMES OF CEREMONIAL READING OF THE NAMES, BUT THEY DID A TERRIFIC JOB PREPARING THAT AFTER IN THE WAKE OF THE BYRON NELSON ON THE MONDAY AFTER THE BIG WEEKEND. AND THEY DID A GREAT JOB. SO I WANTED TO POINT THAT OUT. THE OTHER THING I WANTED TO TALK ABOUT WAS WE'RE ALL FAMILIAR WITH TKI AS OUR AIRPORT CODE, BUT THAT'S GOING TO CHANGE. TKI WILL STILL BE OUR AIRPORT CODE, BUT AIRLINE PASSENGER TRAFFIC WILL BE USING A THREE DIGIT OR THREE NUMERAL CODE, THREE LETTER CODE I SHOULD SAY, AND IT WILL BE DTX. WE DON'T HAVE CONTROL. BELIEVE IT OR NOT, CITY, THE AIRPORT DOES NOT HAVE CONTROL OF WHAT THE AIRLINE CODES ARE GOING TO BE. THAT'S ACTUALLY SET BY THE AIRLINES. AND ON MAY 11TH, THE IATA OFFICIALLY APPROVED AND PUBLISHED DTW AS THE IATA CODE FOR MCKINNEY. SO WE'LL HAVE TO GET USED TO THAT. AND IT WON'T BE TKI ON YOUR PASSENGER TICKET. IT WILL BE DTW, BUT INTUITIVELY IT PROBABLY MAKES SENSE. IT'S DALLAS, TEXAS, AND WHILE WE WANT MCKINNEY IN THERE. BUT IT IS NOT UNUSUAL FOR LARGE METRO AREAS TO BE RECOGNIZED BY THAT METROPOLITAN REGION. SO JUST WANTED TO BRING THAT TO YOUR ATTENTION. THE BETTER TOGETHER INITIATIVE IS OUR EFFORT WITH DEALING WITH OUR HOMELESS AND UNHOUSED ISSUE. ALL COMMUNITIES ARE WRESTLING WITH THIS CHALLENGE. THE BETTER TOGETHER INITIATIVE IS OUR WAY OF HOW WE'RE GOING TO DEAL WITH THAT CHALLENGE. THE UNIVERSITY OF TEXAS AT DALLAS TEAM WAS SELECTED THROUGH A COMPETITIVE SELECTION PROCESS TO BE OUR NAVIGATOR. THROUGH THIS PROCESS, THROUGH THE SUMMER AND THE EARLY FALL, THEY HAVE STARTED THEIR MEETINGS, THEIR FOCUS GROUP MEETINGS WITH MEMBERS OF STAKEHOLDERS IN THE COMMUNITY.

I ATTENDED ONE LAST THURSDAY MORNING, WHICH WAS MOSTLY COMPRISED OF OUR MAIN STREET MERCHANTS AND PROPERTY OWNERS, AND THEY HAD LOTS TO SHARE AND LOTS TO SAY. AND THAT'S EXACTLY WHAT THESE TYPES OF LISTENING SESSIONS ARE FOR. THAT IS THAT INFORMATION IS BEING GATHERED AND SYNTHESIZED BY OUR UT DALLAS PARTNERS. THEY WILL COME BACK IN THE FALL AND PRESENT THEIR FINDINGS, AND THEY'LL GIVE AN UPDATE, I THINK, COMING UP IN JUNE, BUT THEY'LL PRESENT THEIR OVERALL FINDINGS AND OUTLINE A ROADMAP FOR HOW MCKINNEY WILL MOVE FORWARD AND DEAL WITH THE ISSUE OF THE UNHOUSED AND HOMELESSNESS AND THOSE THAT ARE CLOSE TO BEING HOMELESS, AND HOW WE WRESTLE WITH THAT ISSUE. WHATEVER THE SOLUTION IS THAT MCKINNEY IS GOING TO MOVE FORWARD WITH, IT WON'T BE POSSIBLE WITHOUT THIS KIND OF INITIATIVE OF COMMUNITY CONVERSATION, BECAUSE FOLKS WON'T BE TALKING IN THE SAME ROOM TOGETHER, AND THEY'LL BE POINTING AT EACH OTHER RATHER THAN HEARING EACH OTHER. AND SO THE WHOLE POINT OF THIS IS FOR FOLKS TO BE SEEN AND HEARD AND THEIR, THEIR ISSUES AND CHALLENGES BEING DISCUSSED. I WANTED TO SHARE WITH YOU, AS WE'RE ALMOST IN THE MONTH OF JUNE, OF COURSE, AND WHICH IS HARD TO BELIEVE, BUT WITH THE NEW MONTH COMES A NEW SET OF COUNCIL MEETINGS. AND SO WE HAVE A COUPLE ITEMS COMING UP THAT I WANTED TO TOUCH BASES WITH YOU ON. JUST SO YOU'RE AWARE OF, THE CITY COUNCIL ON JUNE 2ND WILL BE TALKING ABOUT SEVERAL ITEMS THAT WORK SESSION.

ONE OF THE ITEMS THAT MIGHT BE INTERESTING FOR YOU IS WE'RE GOING TO BE OUTLINING THREE BROAD OPTIONS FOR A PARKING STRUCTURE DOWNTOWN IN THE REDEVELOPMENT AREA. THAT IS THE AREA WHERE THE OLD CITY HALL AND THE OLD DEVELOPMENT SERVICES BUILDING, WHAT THAT PARKING GARAGE COULD LOOK LIKE, THE THE SORT OF CONFIGURATION. AND WE WANT TO PRESENT THAT TO THE CITY COUNCIL AND GET SOME FEEDBACK. NO DECISION WILL BE MADE, BUT WE HOPE TO GET SOME FURTHER DIRECTION. SO IF YOU'RE INTERESTED IN THAT AND THE TRAVEL OF THAT MATTER, YOU MIGHT WANT TO TUNE IN. WE ALSO HAVE A TOURS ONE INVESTMENT ZONE MEETING, SO THERE WILL BE SOME ITEMS DISCUSSED AT THE TOURS MEETING THAT YOU MIGHT WANT TO TUNE INTO. BUT AT THE COUNCIL MEETING ITSELF, THERE ARE A COUPLE OF ITEMS THAT I WILL DRAW TO YOUR ATTENTION. WE HAVE THE UTILITY RELOCATION PROJECT FOR US 380 BYPASS. YOU MIGHT THINK THAT THAT'S NOT A BIG DEAL. UTILITY RELOCATIONS ARE A VERY HUMDRUM FOR MOST FOLKS, BUT THESE ARE BIG ONE.

AND THE CITY COUNCIL HAD GOTTEN COMMITMENT FROM THE COUNTY. THE COUNTY IS GOING TO REIMBURSE US.

IT'S A GOOD PARTNERSHIP. THE THE COUNTY BOND THAT THEY ISSUED SEVERAL YEARS AGO, OR I SHOULD SAY IT WAS APPROVED BY THE VOTERS SOME YEARS AGO. AND WE GOT A COMMITMENT FROM THE COUNTY TO REIMBURSE US. BUT THE WE'RE THE COUNCIL IS GOING TO APPROVE A COUPLE OF DESIGN CONTRACTS FOR STARTING THAT RELOCATION IN THE NORTHWEST SECTOR, YOU KNOW, SORT OF 380

[00:30:04]

FIRST PHASE IS 65 MILLION AND THE OTHER ONE IS ABOUT 18 MILLION. SO THIS IS THE DESIGN WORK TO PREPARE FOR THAT CONSTRUCTION WORK TO RELOCATE THOSE UTILITY LINES. WHY IS THIS A BIG DEAL? BECAUSE THIS IS ALL THE STUFF THAT HAS TO HAPPEN PRIOR TO THE CONSTRUCTION OF THE BYPASS, WHICH WILL BE VERY IMPORTANT FOR THE FUTURE OF MCKINNEY. SO I WANTED TO DRAW THAT TO YOUR ATTENTION. THE OTHER ITEM I WANTED TO POINT OUT WAS WE GOT A TOM ALLEN JUNIOR PARK. IF ANYBODY DOESN'T KNOW WHERE THAT IS, IT'S OFF. IT'S ON THE WEST, WEST OF ALMA, SOUTH OF EL DORADO. THERE'S A POND THERE. AND JUST ON THE SOUTH SHORES OF THAT POND IS A PARK CALLED TOM ALLEN PARK. A NEIGHBORHOOD PARK NEEDS SOME UPGRADING. AND SO THIS IS GOING TO BE SOME DESIGN WORK. THE COUNCIL WILL APPROVE TO START THE PROCESS OF REDOING TOM ALLEN PARK, WHICH IS, OF COURSE, THE CDC PARTICIPATES IN THIS DIRECTLY AND INDIRECTLY.

SO WE APPRECIATE THAT. AND THEN THE LAST THING I WOULD POINT OUT TO YOU COMING UP ON JUNE 2ND, IS THE COUNCIL WILL CONSIDER A HOUSING TAX CREDIT FOR AN AFFORDABLE HOUSING M HFC, OUR M HFC MCKINNEY HOUSING FINANCE CORPORATION BACKED PROJECT UP ON LAKE FOREST NORTH OF US 380, AND THEY WILL BE CONSIDERING A RESOLUTION OF SUPPORT FOR THAT PROJECT AS WELL AS A TAX CREDIT PROJECT. SO WITH THAT, THAT'S A PREVIEW OF SOME THINGS TO COME. ALL THAT TOUCHED PERHAPS ON CDC EFFORTS, AND I WILL STAND FOR ANY QUESTIONS. QUESTIONS. THANK YOU SIR. OKAY. THANK YOU. VISIT MCKINNEY. HELLO MR. CHAIR. MADAM PRESIDENT, I'M EMILY MYRICK, I'M THE DIGITAL COMMUNICATIONS COORDINATOR FOR MCKINNEY. AARON WARNER DECIDED THAT IT WAS MORE IMPORTANT TO GO TO THE BAHAMAS WITH HIS WIFE THAN BE HERE WITH YOU TODAY. OF COURSE HE DID, FOR LEGAL REASONS. THIS IS A JOKE. ALTHOUGH HE IS. I'M HERE TO SHARE A FEW NOTES WITH YOU. THE SUMMER OF SOCCER IS KIND OF OUR OUR BIG CAMPAIGN RIGHT NOW.

VISIT MCKINNEY IS WORKING CLOSELY WITH TAPPS MAIN STREET AND MCKINNEY CHUPACABRAS TO CREATE A MEMORABLE WORLD CUP EXPERIENCE IN MCKINNEY WITHOUT USING THE WORD THE WORDS WORLD CUP OR FIFA, MIGHT I ADD. WE ARE BRANDING IT AS MCKINNEY EXPERIENCE. SUMMER OF SOCCER TAPS IS OUR OFFICIAL WATCH PARTY LOCATION. THEY WILL BE SHOWING ALL 104 GAMES WITH HUGE ACTIVATIONS, LOTS OF SCREENS, LOTS OF FUN FOR ALL AGES. A KICKOFF PARTY WILL BE HELD ON JUNE 6TH WITH A KIDZONE, FUN ACTIVATIONS AND SPECIAL FOOD AND DRINKS. FULL INFORMATION CAN BE FOUND AT. VISIT MCKINNEY.COM/SOCCER. VISIT. MCKINNEY HOSTED THE SPORTS INVITATIONAL CONFERENCE EARLIER IN MAY. THIS TWO DAY CONFERENCE ALLOWED SPORTS PROFESSIONALS TO CONNECT AND HAVE ONE ON ONE CONVERSATIONS ABOUT SPORTS EVENTS. THE OPENING RECEPTION WAS HELD AT TUBS BREWERY AND WE HAD A GOLF SIMULATOR, 62ND BAD PORTRAITS WITH ANDREA HOLMES AND VON DANIEL, THE CIGAR ROLLER AND FOOD AND DRINKS. IT WAS A GREAT TIME AND WE RECRUITED THAT OVER A PROCESS OF TWO YEARS. SO WE'RE VERY PROUD OF THAT. AND THEN LAST WEEK, OUR TEAM IN PARTICIPATION WITH THE CITY AND CDC, WE HAD A SUCCESSFUL BOOTH AT THE BYRON NELSON DOWN THERE AT THE 18TH FAIRWAY. WE PARTNERED WITH TWO VENDORS, SOCIAL LLAMA AND SHAG CARPET, TO CREATE A BOOTH FULL OF INFORMATION ON ALL THE THINGS COMING TO MCKINNEY. AND WE HAD SOME REALLY GREAT, MEANINGFUL CONVERSATIONS WITH RESIDENTS AND VISITORS AND STAFF MEMBERS AND VENDORS AND YOU NAME IT. AND IT WAS REALLY PROFOUND. THIS WAS MY SECOND YEAR ATTENDING AND I REALLY ENJOYED IT. WE DON'T HAVE ACCURATE DATA ON THAT YET, BUT I DID HEAR THAT IT WAS A LOT HIGHER THAN LAST YEAR'S ATTENDANCE. SO VERY PROUD OF ALL OF THE WORK PUT INTO THAT. AND THEN FINALLY, AMERICA 250 IS RIGHT AROUND THE CORNER. OUR TEAM HAS CREATED A SPECIAL AMERICA 250 PAGE ON OUR WEBSITE. VISIT MCKINNEY.COM/AMERICA. 250 VERY EASY TO REMEMBER. WE ARE HIGHLIGHTING RED, WHITE AND BOOM WITH MAIN STREET, AS WELL AS A LOT OF HISTORY THEMED EVENTS AND ATTRACTIONS THAT VISITORS CAN ENJOY. AND THEY WILL ALSO BE ON OUR APP. AND WITH THAT, I WILL STAND FOR ANY QUESTIONS. ANY QUESTIONS? THANK YOU SO MUCH. THANK YOU. MIKE MCKINNEY. ECONOMIC DEVELOPMENT CORPORATION IS NEXT, BUT I THINK YOU DID A PRETTY GOOD JOB UP ON THE FRONT SIDE. RIGHT. OKAY. THAT WAS I MEAN, YEAH, THAT WAS A GREAT JOB. SO WE'LL I THINK YOU COVERED EVERYTHING IN YOUR IN YOUR PRESENTATION EARLY ON. SO. MCKINNEY MAIN STREET. THANK YOU, MISTER CHAIR, CDC BOARD. ANDREW JONES CULTURAL DISTRICT DIRECTOR FIRST, CONGRATS TO SOME OF MY STAFF MEMBERS. SO WE HAVE TWO NEW BABIES THAT ARE KIND OF JOINING THE TEAM. GRAHAM MYERS HAD HIS BABY ABOUT TWO WEEKS AGO AND THEN JOYCE STONE LAST WEEK. SO YOU KNOW, WE'LL GIVE THEM CONGRATS. WE GOT A LOT OF

[00:35:04]

SO KUDOS TO YOUR TEAM. YOU GUYS DO AN EXCEPTIONAL EXECUTION OF SET UP AND JUST BEING THERE TO HELP ALL THE VENDORS. SO THANK YOU, THANK YOU, THANK YOU. TMR COULDN'T DO WITHOUT YOU. WELL, THANKS FOR YOUR HELP. YEAH NO NO DOUBT. THANK YOU. ANDREW MCKINNEY, PARKS AND RECREATION.

GOOD MORNING AMY. GOOD MORNING CHAIR PRESIDENT. MADAM PRESIDENT, I'M AMY KINCAID, DIRECTOR OF PARKS AND REC. I HAVE SOME FUN UPDATES TODAY, BUT I WANT TO FIRST SAY THANK YOU FOR THOSE THAT WERE ABLE TO MAKE IT TO THE MAY 14TH MEETING. WE HAD SOME GOOD CONVERSATION AND LOOKING FORWARD TO THE GRANT THIS YEAR AND JUST OUR FUTURE PARTNERSHIPS, AND JUST APPRECIATE WHAT YOU DO FOR PARKS AND REC AND THE RESIDENTS OF THE CITY OF MCKINNEY. I JUST WANT TO ECHO WHAT MR. GRIMES SAID, A GREAT MEMORIAL DAY. APPRECIATE THE PARKS AND RECREATION STAFF FOR ALL THAT THEY DID, AS WELL AS THE MCKINNEY ARMED SERVICES MEMORIAL BOARD. THEY ARE THE EFFORT BEHIND THIS AND GREAT ATTENDANCE AND APPRECIATED MAYOR COX AND SOME OF THE COUNCIL MEMBERS AND STAFF THAT CAME OUT TO THE EVENT. AS YOU KNOW, SUMMER KICKED OFF THE SUMMER AS WELL OR THIS PAST WEEKEND AND WANTED TO SHARE JUST SOME NUMBERS WITH YOU. APEX OPENED THE WEEKEND VERY STRONGLY. THEY SOLD 202 MEMBERSHIPS, 707 PASSES. THAT INCLUDES 30 DAY PASSES AS WELL AS SUMMER PASSES, WHICH WAS NEW LAST YEAR, WHICH ALSO HAD AN INCREASE OF ALMOST 15% OF REVENUE FROM LAST YEAR. SO VERY STRONG START AT APEX AND LOOK FORWARD TO CONTINUING A STRONG SUMMER AT APEX WITH AQUATICS.

YOU MIGHT HAVE SEEN IF YOU'VE GONE BY GILDA, WE ARE REPLACING THAT FENCE. IT WAS MUCH NEEDED.

[00:40:06]

THAT PROJECT IS EXPECTED TO END AROUND JUNE 20TH. WITH THAT, I'LL STAND FOR ANY QUESTIONS.

QUESTIONS FOR AMY? NO QUESTION, BUT A COMMENT. SO IF PEOPLE ARE NEEDING THEIR GOAT FIX, I HAVE TO SAY MY NEIGHBORHOOD PAINT A TREE. OUR GOATS HAVE RETURNED AS WELL. SO IF YOU NEED TO GO SEE THE GOATS AHEAD OF TIME, COME TO PAINT A TREE AND THE GOATS ARE THERE EATING, YOU'RE NOT GOING TO SAY THEY'RE BAD. COME ON, YOU'RE GOING TO LEAVE AMY HANGING OUT THERE? YEAH, I AM, IT'S BAD. I APPRECIATE THAT LITTLE I WANT TO I WANT TO CONGRATULATE YOU ON SOMETHING THAT'S HAPPENING FOR YOU THIS EVENING. AND YOU'RE GRADUATING THE BEST CLASS OF LEADERSHIP.

MCKINNEY. SO CONGRATULATIONS. CONGRATULATIONS TO YOU AS WELL. EXCUSE ME. JENNIFER, DO WE SAY ANYTHING HERE? WE'RE GOING TO HAVE A CAGE MATCH FOR LEADERSHIP MCKINNEY ALUMNI AT THE WHITE HOUSE. AND WE'RE GOING TO SETTLE ONCE AND FOR ALL. RIGHT. BUT IRONICALLY, WE ARE THE GOAT, SO. OH. THAT'S ENOUGH OUT OF YOU. OKAY. THAT'S BAD. TOUCHE, AMY. THANK YOU, THANK YOU. WHO SAYS YOU CAN'T ENJOY YOUR WORK AND HAVE A GOOD TIME? NEXT IS THE PRESIDENT'S

[26-0487 President’s Report]

HOPEFULLY EVERYBODY HAD A CHANCE TO STOP IN. THERE REALLY WAS A GREAT EXHIBIT AND WAS STAFFED BY VOLUNTEERS FROM THE CITY. THANKS TO LINDA AND ARNIE, BOTH WERE THERE OVER THE WEEKEND AND I THINK ALL THE VOLUNTEERS REALLY SHOWCASED MCKINNEY IN A VERY POSITIVE WAY, SO I WANTED TO ECHO THAT EXCITING NEWS. OVER ON THE TUFTS CAMPUS. LILO'S HAS RECEIVED THEIR CEO FOR THEIR OUTDOOR SILO. THEY ARE DOING ESSENTIALLY DRY RUNS OVER THE NEXT COUPLE DAYS AND THEN OPEN FULL ON ON SATURDAY, AND ARE WORKING ON PLANS FOR A GRAND OPENING EVENT IN THE IN THE FUTURE. SUMMER OF SOCCER WAS MENTIONED, AND I JUST WANTED TO ADD, CDC WAS REALLY PLEASED TO HAVE THE OPPORTUNITY TO JOIN WITH MCKINNEY MAIN STREET, VISIT MCKINNEY AND EDC IN SPONSORSHIP OF THE EVENTS THAT ARE PLANNED THERE. SO LOOK

[00:45:02]

THEIR COUNTRY FAIR IS GOING TO BE AT TAPS ON SATURDAY FROM 12 TO 6. AND THE OTHER THING IS IN MID JUNE. JUNE 13TH AT THE MILL HOUSE. THEY ARE HOLDING THEIR MAKERS MARKET. AND AT THE END OF JUNE ON THE. OR AT THE 20TH OF JUNE, THE. IN THE DOWNTOWN AREA, SPG IS HOSTING THEIR MCKINNEY CRAFT BEER WALK. SO A COUPLE OF EVENTS THAT ARE SUPPORTED BY MCDC THAT ARE COMING UP. I WANTED TO BE SURE AND MENTION. THANK YOU. ANY QUESTIONS FOR CINDY? ALL RIGHT.

[26-0488 Consider/Discuss/Act on a Project Grant Application Submitted by Habitat for Humanity of Collin County (4B26-06) in the Amount of Eight Hundred Thousand and NO/100 Dollars ($800,000.00) to Support Construction of Two Multi-Family Residential Buildings (One Five-Plex and One Six-Plex) in the Cotton Groves Development Located on Kings Row in East McKinney, and for Preparation of Two Currently Vacant Lots for Two New Homes Located on Canal Street. Amount Requested Represents 48.5% of Total Project Cost.]

AND THEN THE NEXT CYCLE IS COMING BACK UP SO THEY CAN REAPPLY AGAIN AND THEN TO, TO COME BACK FOR THE LAST AMOUNT OF MONEY. WHEN WE HAVE THAT ALLOCATION OPEN BACK UP AGAIN.

BUT I'M OPEN FOR THE BOARD. ANY MORE BOARD COMMENTS ON THAT BEFORE I MAKE MY MOTION? I DO HAVE A QUESTION. AND AND YOU WITHOUT IS THAT GOING TO IMPACT BEING ABLE TO COMPLETE THE PROJECTS IF YOU COME BACK IN THE NEXT CYCLE? ACTUALLY, I THINK THAT THAT TIMELINE WOULD WORK WELL FOR US. YEAH. OKAY. THANK YOU, THANK YOU. AND JUST FOR CLARIFICATION, WHAT DAVID IS REFERRING TO IS WE HAVE A AN AFFORDABLE HOUSING ALLOCATION BUDGET. AND IF WE WERE TO GO BEYOND THAT AT THIS TIME, WE WOULD HAVE TO TAKE THAT FROM POTENTIAL PROJECTS AND OTHER OTHER THINGS. SO I'M GLAD TO HEAR THAT THAT WOULD WORK FOR YOU. BUT AGAIN, I SHOULD ALSO STATE THAT THAT COMMENT THAT YOU CAN COME BACK, THAT THAT ISN'T SAYING THAT THAT AMOUNT WOULD BE GUARANTEED, RIGHT? IT WOULD BE EVALUATED, OF COURSE, AT THAT TIME AND BASED ON METRICS AT THAT TIME AND WHAT'S TAKEN PLACE TO DATE AND WHAT OTHER PROJECTS COME. SO I JUST WANT TO MAKE SURE THAT IT'S NOT INTERPRETED THAT IF IF IN FACT, WE AWARD 500 THAT NEXT CYCLE, YOU COME BACK AND APPLY AND IT'S, IT'S A GUARANTEED. SURE. YEAH. GRANT. SO NOT SAYING IT WOULDN'T BE EITHER, BUT DON'T INTERPRET THAT AS, AS, AS A SIMPLE BOARD CONSIDERATION

[00:50:08]

YEP. I WOULD LIKE TO MAKE A MOTION THAT WE GIVE HABITAT FOR HUMANITY THE $500,000 FOR THIS PARTICULAR PROJECT I SECOND PLEASE CAST YOUR VOTES. THANK YOU VERY MUCH. THANK YOU. ITEM

[26-0489 Consider/Discuss/Act on a Project Grant Application Submitted by Hugs Café, Inc. (4B26-08) in the Amount of Six Hundred Eighty-Three Thousand Four Hundred Sixty-Seven and NO/100 Dollars ($683,467.00) for Expansion and Site Improvements Including Entry Gate, Security, Driveway, Added Heaters in Work Barn, Relocation of Septic System, Three New Greenhouses, One New Propagation House, Irrigation, Propane Tank, and Walkways, at Hugs Greenhouse Located at 1151 East Cottage Hill Parkway in the McKinney ETJ. Amount Represents 58.6% of Total Project Cost.]

SO WHATEVER THE BOARD WANTS TO DO ON THE 3 OR 5 YEARS I'M I'M OPEN TO THAT AS WELL. I THINK WHAT WHAT WAS IMPORTANT TO ME IS WHEN WE TALKED. WHEN WE TALKED ABOUT FUNDRAISING, THAT THERE IS A WINDOW OF OPPORTUNITY RIGHT NOW TO, TO DO THIS PROJECT AND FUNDRAISING WOULD DELAY THAT IF IF WE WERE NOT TO GRANT THE AMOUNT OF THE WHOLE AMOUNT OF MONEY AND THERE WAS A LOT OF BENEFIT TO BE FOREGONE AND OPPORTUNITY COST, BOTH IN ADDITIONAL EMPLOYMENT AND, AND, AND GROWTH FOR HUGS. I DO THINK, THOUGH, THAT WE, WE MITIGATE THAT BY GRANTING OR NOT GRANTING BY, BY PROVIDING A PATH FORWARD TODAY OF ALL THE MONEY TO MOVE FORWARD, SOME BEING IN A GRANT, SOME BEING IN A LOAN. AND THAT GIVES YOU AMPLE TIME, WHETHER IT'S 3 TO 5 YEARS TO, TO FUNDRAISE AND, AND MOVE THIS PROJECT FORWARD TODAY. ANYONE ELSE HAVE THOUGHTS ON IT?

[00:55:08]

[01:00:03]

AND IT WOULD JUST BE DUE IN WHATEVER PERIOD OF TIME. IF IT'S A THREE YEAR OR FIVE YEAR, NOT PRINCIPAL AND INTEREST BEING PAID MONTHLY, NOT EATING INTO PROFITS MONTHLY, JUST BASICALLY PROVIDING A RUNWAY AND A PERIOD OF TIME FOR YOU TO FUNDRAISE TO RAISE THAT MONEY PRIVATELY. THAT'S, I THINK, THE IDEA BEHIND IT. SURE. FINANCIALLY FOR US, WHEN WE'RE PRESENTING THAT TO OTHER FUNDERS, THOUGH, THEY WILL SEE OUR BALANCE SHEET CARRYING THAT DEBT. AND THAT WOULD BE A QUESTION THAT THEY WOULD BE PROVIDING. AND THE INTENTION THERE WOULD BE. WHY WEREN'T THEY BROUGHT ALONG FOR THIS PARTICULAR INFRASTRUCTURE? AND OUR ANSWER TO THEM, AS WELL AS THIS BOARD, IS THE ONBOARDING AND TRAINING OF THE ADDITIONAL STAFF, THE RECRUITMENT FOR THE ADDITIONAL STAFF, ANY PROGRAM SUPPORT. THAT'S WHERE THOSE CONTRIBUTORS ARE COMING TO THE TABLE. I CANNOT COME BACK TO THIS ENTITY FOR THAT TYPE OF FUNDING. IT DOESN'T EXIST HERE. SO WHERE I'M COMING TO IS A VERY STRATEGIC PLACE WHERE ANY ADDITIONAL COSTS WILL BE ABSORBED BY THOSE OTHER ENTITIES AND FUNDERS. AND SO AGAIN, WE'RE ASKING YOU GUYS TO CONSIDER, YES, THIS IS 58.6%, BUT WE HAVEN'T EVEN TALKED ABOUT THE OTHER PROGRAMMATIC PIECES OF THE PIE HERE THAT THE ORGANIZATION WILL HAVE TO ABSORB AND SUSTAIN WITH OTHER PARTNERS. BUT IF IF THERE WAS NO CDC, IF THERE WAS NO MC, DC, AND YOU OBVIOUSLY WOULD HAVE STILL HAVE THIS PLAN TO EXPAND, THAT WOULD HAPPEN BY FUNDRAISING, WOULDN'T IT? IT COULD IT WOULD TAKE PROBABLY AN ADDITIONAL YEAR FOR US TO DO SO, AND WE WOULD BE LIMITED IN OUR SUCCESSION PLAN. AND POTENTIALLY OUR ORGANIZATION COULD BE EXPOSED WITH KEY MAN OPERATIONS UNTIL THAT TIME. SO THERE IS RISK FOR US NOT PURSUING THIS. CONSTRUCTION COSTS WOULD ALSO GO UP DURING THAT TIME AS WELL. YEAH. WHICH WHICH WE FELT THAT OR AGAIN, I'LL SPEAK FOR MYSELF. I FELT WHEN THIS WAS JUST DISCUSSED THAT WE'RE MITIGATING ALL OF THAT BY, BY PROVIDING A LOAN THAT DOESN'T HAVE AN INTEREST, PRINCIPAL AND INTEREST MONTHLY PAYMENT THAT PROVIDES THE ABILITY TO GO OUT AND SECURE THOSE CONSTRUCTION BIDS TODAY, NOT WAIT, ACCELERATE THE EXPANSION, WHICH OF COURSE, BY ACCELERATING THE EXPANSION, YOU'RE ACCELERATING YOUR PROFITABILITY AND WHATNOT. AND NOT NOT PUT THAT ON WHAT COULD BE AN INDEFINITE HOLD, BECAUSE MAYBE IT TAKES A YEAR, MAYBE IT TAKES YOU TWO YEARS TO RAISE THE MONEY. SO I THINK THE THINKING BEHIND THIS IS STATED WAS THAT AND I UNDERSTAND WHAT YOU'RE SAYING, SAVE AND ACCEPT YOUR YOUR CONCERN ABOUT CARRYING THIS ON A BALANCE SHEET, GOING TO FUNDRAISERS OR INVESTORS OR PHILANTHROPY, PHILANTHROPIC INVESTORS, PHILANTHROPIC. WE'RE WE'RE WE'RE PROVIDING THE ABILITY TO MOVE FORWARD TODAY. PART OF THAT IN A GRANT PART OF IT IN A NON, A NON IMPACTING MONTH TO

[01:05:02]

OR, YOU KNOW, THE 537 MINUS THE 150. I CAN GO EITHER WAY. BUT HAVING BEEN IN THE NONPROFIT INDUSTRY AND UNDERSTANDING, YOU KNOW, REQUESTING DONORS AND GETTING PEOPLE TO BUY, IT'S WE'VE BEEN REALLY GOOD PARTNERS TO YOU, I THINK IN, IN THE PAST, AND THIS IS JUST US CONTINUING TO SHOW THAT WE ARE SUPPORTIVE OF YOUR PROGRAMS, YOUR ENDEAVORS, BUT ALSO WE HAVE TO BE EXTREMELY MINDFUL THAT THIS IS STILL TAXPAYERS DOLLARS. AND SO AS A NONPROFIT, THERE SHOULD BE SOME UNDERSTANDING THAT WE WOULD LOOK AT, LOOK IN, IN HAVE SOME ADDITIONAL FUNDRAISING FOR THESE EFFORTS, BUT BECAUSE OF THE LOAN, YOU'RE STILL ABLE TO DO IT. NOW, WE COULD HAVE A DISCUSSION OF, THEY COME BACK AND THEY'RE ABLE TO RAISE THE MONEY AND THEY'RE ABLE TO RAISE THE MONEY. AND WE SAY, YOU KNOW WHAT? WE'RE GOING TO FORGIVE THE INTEREST PART OF IT. AND IT JUST THEY RAISE THE MONEY FOR THE AMOUNT OF THE LOAN, AND THEY DON'T HAVE TO BEAR THE INTEREST BECAUSE THEY WERE THEY THEY BECAME, YOU KNOW, WE'RE WORKING TOGETHER IN THIS PARTNERSHIP. AND SO WE FOREGO THAT THAT PERCENTAGE OF THE LOAN, IF THEY'RE ABLE TO RAISE THE FUNDS, I'M GOING TO THROW ANOTHER THING OUT THERE THAT'S GOING TO BE DRAMATICALLY DIFFERENT THAN WHAT'S BEEN DISCUSSED SO FAR. BUT I'M GOING TO PUT IT OUT THERE. IN THE SPIRIT OF, I THINK, EVERYONE UP HERE COMPLETELY AND THOROUGHLY RESPECTS, APPRECIATES, ADMIRES WHAT HUCKS DOES. AND I THINK IT'S A TREMENDOUSLY UNDERSERVED COMMUNITY. AND HUGS LEADS, I WOULD SAY ON A GLOBAL, CERTAINLY A NATIONAL, IF NOT A GLOBAL LEVEL IN THAT I KNOW SOME OF THE FEEDBACK THAT I'VE GOTTEN FROM RESIDENTS WHEN THEY SEE THIS ON THE AGENDA, THEY TALK ABOUT GRANTS AND NOT FUNDRAISING AND, AND OR NOT GIVING THE, THE ORGANIZATION THE OPPORTUNITY TO FUNDRAISE. AND THAT, THAT DESENSITIZES AN ORGANIZATION FROM FUNDRAISING.

THAT'S SOME OF THE CHATTER THAT HAPPENS OUT THERE. AS YOU MAY, IN CASE YOU DIDN'T KNOW. AND I THINK YOU DO KNOW WHEN THESE AGENDAS GET PUBLISHED, THERE'S A LOT OF FEEDBACK FROM RESIDENTS. I THOUGH I SO BELIEVE IN HUGS. ANOTHER THING WE COULD DO, AND AGAIN, THIS IS GOING TO BE PRESENTING AN OPTION TO THE BOARD THAT IS MUCH MORE AGGRESSIVE THAN WAS JUST PRESENTED. WE GRANT THE $150,000. WE DO AN INTEREST FREE LOAN, INTEREST FREE FOR THE FIRST THREE YEARS. THE LOAN IS FOR FIVE YEARS, BUT IF YOU RAISE THE MONEY, WE FORGIVE THE LOAN TO A MATCHING EXTENT OF FUNDS THAT YOU RAISE. AND MY REASONING TO JUST TO AT LEAST PUT THIS OUT FOR DISCUSSION IS, AT THE END OF THE DAY, IF YOU GO OUT AND YOU SUCCESSFULLY FUNDRAISE, IN ESSENCE, YOU'VE ACHIEVED A GRANT FOR THE ENTIRE AMOUNT. DO YOU UNDERSTAND HOW I'M PITCHING THIS, THAT FROM A JUST A POLICY, I'LL CALL IT A POLICY STANDPOINT FOR, FOR NOT POLICY, BUT JUST IT PUTS THE ONUS ON YOU GUYS TO REALLY GO OUT AND FUNDRAISE FOR THIS BECAUSE IT'S, IT'S BENEFICIAL, OF COURSE, TO HAVE THAT LOAN FORGIVEN. WHY IT WOULD MAKE SENSE FOR US IS IF INDIVIDUALS UP HERE BUY INTO THE IDEA THAT, YOU KNOW, WHAT IF WE FORGIVE THAT LOAN AND YOU'VE RAISED THAT, I'LL CALL IT $550,000, THAT'S $550,000 THAT YOU HAVE RAISED FOR PHASE TWO, AND YOU'RE NOT COMING BACK HERE FOR THE SAME REQUEST THAT YOU MIGHT

[01:10:06]

AND AGAIN, THIS IS JUST ME TALKING. NO ONE ELSE HAS WEIGHED IN. OKAY, I THINK I UNDERSTAND THAT IF YOU WENT OUT AND YOU RAISED 550, 000, WE WOULD ACTUALLY FORGIVE THE ENTIRE 550,000. WE WOULD MATCH WHATEVER YOU RAISE. WE WOULD MATCH FORGIVENESS OF THE LOAN TO THAT AMOUNT OVER FIVE YEARS. AGAIN, OPEN FOR DISCUSSION. BUT OVER THE PERIOD OF TIME, WHATEVER THAT IS, 3 OR 5 YEARS. OKAY. SO IN A BEST CASE SCENARIO, AT LEAST WHAT I'M TALKING ABOUT AND NO ONE ELSE HAS WEIGHED IN YET, SO I HAVE NO IDEA WHERE THIS IS GOING TO GO. BUT IN THIS SCENARIO, YOU WOULD GET $150,000 GRANT. TODAY I'M GOING TO USE ROUND NUMBERS AND SAY $550,000 LOAN, AND IT WOULD BE INTEREST FREE FOR THE FIRST, I'LL SAY THREE YEARS.

IT'S A FIVE YEAR LOAN, BUT AFTER THREE YEARS, YOU'RE ACCRUING INTEREST AT 3.5% OR WHATEVER THE INTEREST RATE IS. BUT IF SOMETIME BETWEEN TOMORROW AND YEAR FIVE OR YEAR FOUR AND 11 MONTHS AND 30 DAYS, YOU'VE RAISED $550,000, WE FORGIVE OUR $550,000 LOAN THAT HAS NOW BECOME A GRANT, AND YOU HAVE $550,000 THAT YOU'VE RAISED THAT GOES INTO YOUR PHASE TWO AND, AND FUTURE PROJECT AND ITS MONEY, ULTIMATELY, THAT YOU'RE NOT COMING BACK HERE FOR, FOR PHASE TWO OR PHASE THREE OR WHATEVER THAT MIGHT BE. OKAY. BECAUSE THIS IS A LOT OF DISCUSSION, OF COURSE, WITH YOUR NEW PROPOSAL PRESIDENTS, ARE WE ABLE TO TABLE THIS AND VOTE ON IT NEXT MONTH? I THINK WE NEED TO KIND OF DISCUSS AND, AND REALLY AND UNDERSTAND I'M A VISUAL PERSON NUMBER. I WOULD RATHER DO THAT THAN TO MAKE BASED ON YOUR PROPOSAL, I THINK WE NEED TO KIND OF LAY ALL OF THE OPTIONS OUT FOR. THAT'S MY OPINION.

WELL, DOES THAT DELAY YOUR PROJECT THOUGH, TO WHERE IT WOULDN'T BE READY IN TIME? I'M GOING TO BE REAL CAREFUL IN MY WORD CHOICE, JUST LIKE THE LOAN CONVERSATION ON, ON THIS SIDE, YOU'RE YOU'RE ALMOST OBLIGATED TO SAY YES IN THE SPIRIT OF A CAN DO ATTITUDE. SO CAN I DELAY IT A MONTH? YES. COULD I TAKE A LOAN? YES. ARE EITHER OF THOSE THE MOST STRATEGIC THING? NO.

BUT DOES IT GET ME CLOSER TO MY FINISH LINE? YOU KNOW, THAT'S WHAT I'M ASKING THIS BOARD TO CONSIDER. SO IF THERE'S AN OPTION FOR A MORE AGGRESSIVE REQUEST, THEN I THINK WE WOULD CONSIDER POSTPONING THE MONTH. ERIC, I'M ALSO LOOKING AT YOU. YES, WE WOULD CONSIDER POSTPONING THE MONTH. THAT'S MY CHIEF PROGRAM OFFICER. JUST MAKING SURE CONSTRUCTION TIMELINES TO CONSIDER A DIFFERENT OPPORTUNITY OTHER THAN THE 25% 75% STRUCTURE TODAY. SO WE WOULD LEAN TOWARDS DISCUSSIONS IF THAT YIELDED A DIFFERENT CONVERSATION AND RESULT FOR THIS BOARD TO VOTE. SO I HAVE JUST ONE COMMENT BASED ON BASED ON WHAT YOU'RE SUGGESTING, WOULD IT BE SIMILAR TO WHAT WE DID WITH WITH THE CATHOLIC CHARITIES WHEN IT WHEN IT CAME TO THE NEIGHBORHOOD HUB, LIKE, HEY, WE'RE GIVING YOU THIS MONEY? AND THEY CAME BACK AND NEEDED EXTRA AND WE'RE SAYING, OKAY, WE'LL DO THIS. BUT FOR THAT NEXT PROJECT, YOU KNOW, WE'RE GOING TO EXPECT YOU GUYS TO BE FUNDRAISING. IT DON'T COME BACK TO US. I MEAN, IS THAT KIND OF THE MENTALITY OF THAT? YOU KNOW, BASICALLY WHAT I'M SAYING IS ULTIMATELY YOU HAVE AN OPPORTUNITY TO RECEIVE EXACTLY WHAT YOU'RE ASKING FOR A GRANT FOR THIS AMOUNT. AND WHY WOULD WE ULTIMATELY DECIDE TO DO THAT? BECAUSE WE FEEL THAT HUGS IS HUGS IS ALL THAT HAS BEEN SAID A MILLION TIMES, AND WE BELIEVE IN IT, BUT IT ALSO FOR IT TO BE A GRANT, IT REQUIRES YOU GUYS TO GO OUT WITH A VERY, VERY PROACTIVE FUNDRAISING CAMPAIGN.

AND ALTHOUGH I'M NOT SAYING THAT IT WOULD THERE WOULD BE SPECIFIC STIPULATIONS AS TO WHAT YOU CAN OR CAN'T DO. THE WAY THE BOARD WOULD VIEW IT IS WE KNOW THAT WE'VE, IN ESSENCE, FORCED YOU TO GO OUT AND RAISE $550,000. YES. AND THAT'S 500 IF YOU RAISE $550,000, ULTIMATELY, THAT'S $550,000 THAT YOU'RE NOT COMING TO US FOR. BUT I'M NOT I'M NOT PUTTING SOME STIPULATION THAT YOU CAN'T COME BACK AND ASK. I'M I'M A FIRM BELIEVER IN EVERY SINGLE REQUEST SHOULD BE MADE PURELY ON THE WEIGHT AND THE ON THE METRICS OF THAT AND THE MERITS OF THAT ASK. AND I DON'T CARE ABOUT PRECEDENCE OR ANY OF THAT. I CARE ABOUT CASE BY CASE. WHAT MAKES SENSE. SO I GUESS WHAT I'M PROPOSING IS THERE'S A LOT OF DIFFERENT WAYS

[01:15:04]

ANYTHING YOU DONATE IS BEING MATCHED BY THE CITY OF MCKINNEY. THAT'S HOW MUCH WE VALUE. AND THAT'S TRULY, AT THE END OF THE DAY, WHAT IT IS, BECAUSE IT'S OUR MONEY. YOU OWE IT TO US, BUT WE'RE FORGIVING IT BASED ON THEIR DONATION. SO IT'S A MATCH. UNDERSTOOD. AND I WOULD, BY THE WAY, AMEND ONE STATEMENT I MADE. I GAVE A TIMELINE. THE TIMELINE WOULD JUST BE IT'S IT'S NOT A ALL OR NOTHING. IF YOU RAISE $300,000 IN THE PERIOD OF TIME, TO ME, WE'VE FORGIVEN 300 AND YOU OWE US 250. UNDERSTOOD. BUT THAT ALLOWS YOU TO BE OUT THERE WITH YOUR DONORS AGAIN, SAYING VERY ACCURATELY THAT THE CITY OF MCKINNEY IS MATCHING ANYTHING YOU DONATE. UNDERSTOOD.

SO, CHAIRMAN, ONE QUESTION JUST JUST FOR CLARITY, BECAUSE YOU MENTIONED THERE'S A THREE YEAR INTEREST FREE. THEN THERE'S A WHATEVER THE PERCENTAGE IS FOR THE NEXT TWO YEARS, BUT THAT THE FORGIVENESS OF THE LOAN WOULD BE UP TO THE FIVE YEARS. DOES THE FORGIVENESS INCLUDE THE INTEREST THAT THEY WOULD HAVE PAID IN THOSE LAST TWO YEARS? RAISE THAT? YEAH, I WOULD THINK TO ME, IT WOULD BE THAT YOU'VE GOT THREE YEARS THAT'S INTEREST FREE. SO IN OTHER WORDS, YOU RAISE AGAIN, I'M JUST USING ROUND NUMBERS. YOU RAISE 550. THAT'S FORGIVEN.

SO YOU'VE BEEN ABLE TO TELL YOUR DONORS YOU DONATE. IT'S MATCHED. LET'S SAY YOU RAISE THE WHOLE 550 IN 3 YEARS. THEN IT'S 550. THE LOANS FORGIVEN. IT'S DONE YEAR FOR IF YOU DON'T, IF YOU DON'T RAISE A SINGLE PENNY, BUT THEN YOU RAISE IT ALL IN YEAR FOUR, THEN YOU OWE US 550 PLUS THE INTEREST ON ONE YEAR OF THAT 550. AND BUT THAT'S OFFSET. YOU RAISE IT. SO WE FORGIVE IT BASED ON A A MATCHING BASIS. THE INTEREST ON THE FOLLOWING TWO YEARS THAT THEY HAVE TO TAKE THE FULL. YEP. FULL TIME. ALL RIGHT. BUT IF WE DO THE LOAN, IT'S STILL GOING TO BE ON THEIR BOOKS. AND ACCORDING TO TO LAUREN, SHE CAN'T FIND RAISE PEOPLE'S NOT GONNA GIVE HER THE MONEY BECAUSE THEY OWE A DEBT. BUT THE DEBT STILL GOING TO BE ON THEIR BOOKS. SO I DON'T UNDERSTAND, BUT I THINK IF I HAVE A CONTRACT THAT SAYS THAT IF THESE PEOPLE SHOW UP, THAT THAT DEBT WILL GET REDUCED BY THAT AMOUNT WITH A CITY ENTITY THAT'S VERY POWERFUL. YEAH. THAT MATCHING, I THINK IT'S TREMENDOUSLY POWERFUL IS THAT IT IS IN FACT, YES, A CITY MATCH. WE ARE MATCHING EVERY DOLLAR THAT EVERY DONOR DONATES TO THIS PROJECT. YOUR NEXT PHASE IS YES. AGAIN, I KNOW THIS IS WAY ABOVE AND BEYOND WHAT'S BEEN DISCUSSED SO FAR. WELL, WELL, ONE MORE QUESTION ON THAT BECAUSE IT SOUNDS LIKE THE IMPETUS FOR THIS PRESSURE, IF YOU WILL, HAS BEEN COMING FROM SOMEWHERE ABOUT THE THE LACK OF FUNDRAISING. IS IT THE IS THE IS THE FRUSTRATION A LACK OF FUNDRAISING ON THIS SPECIFIC PROJECT OR OVER PROJECTS THROUGHOUT HISTORY? SO TWO THINGS I'LL SAY TO THAT.

ONE, IT'S ABOUT BECAUSE THE AND I DON'T WANT TO OVERSTATE IT, IT'S JUST TWO PEOPLE THAT HAVE REACHED OUT. BUT THERE ARE TWO LOUD PEOPLE AND PRETEND THEY PRETEND THEY SPEAK FOR 250,000 PEOPLE. OKAY, BUT THERE'S A COMMENT WAS MADE IN THE PRESENTATION THAT YOU HAVEN'T DONE ANY HAVEN'T FUNDRAISED FOR THIS SPECIFIC THING YET. SO THAT'S WHAT WAS LATCHED ON.

THERE WAS A FUNDRAISER FOR THE LAND FOR ALL THAT, BUT THIS PROJECT HADN'T. SO THERE WAS DISCUSSION. AND SO IT WAS TALKED ABOUT, YOU KNOW, THAT THEY HADN'T FUNDRAISED. YEAH.

WHAT I'M SUGGESTING REALLY NOT THAT I DON'T CARE ABOUT WHAT THESE TWO PEOPLE DO. I HEAR IT AND I, I'LL JUST LEAVE IT, I HEAR IT. WHAT I'M SUGGESTING IS IT'S REALLY NOT ABOUT THAT.

IT'S ABOUT I JUST AS WE'RE TALKING, I SEE AN OPPORTUNITY TO HELP YOU FUNDRAISE IN THE WHOLE CITY IS MATCHING YOU. YES. WE ARE COMMITTING POTENTIALLY TO A A FULL GRANT, BUT IT'S OVER A NUMBER OF YEARS. I SEE IT AS EVERY DOLLAR YOU DO RAISE AS A RESULT OF THIS STRATEGY IS A DOLLAR THAT YOU'RE NOT COMING TO MC DC FOR IN THE FUTURE. AGAIN, I'M NOT ATTACHING A STRING TO IT. I'M JUST SAYING IN PRACTICAL TERMS, 550,000 RAISE IS 550,000 LESS THAN YOU NEED FROM WHEREVER YOU ASK FOR IT. AND I JUST CAN'T HELP TO CONTINUALLY BE INSPIRED AND

[01:20:06]

SO YES, THESE FUNDS ARE LARGE ASKS, BUT IT'S NOT A MAJOR PIECE OF OUR PIE. THE MAJOR PIECE OF OUR PIE COMES FROM OUR INDIVIDUAL DONORS, AND THOSE ARE WHO WILL CONTINUE THIS WORK FOLLOWING THIS STRATEGIC ASK TODAY, DO ME A FAVOR AND STATE THAT THOSE NUMBERS AGAIN, BECAUSE I THINK THAT'S EXTREMELY IMPORTANT. YES. PERCENTAGE. SINCE HUGS INCEPTION, WE HAVE RAISED OVER $19 MILLION. AND FROM THAT 19 MILLION, WITH TODAY'S REQUEST, MC, DC OR ANY CITY ENTITY WOULD REPRESENT LESS THAN 7% OF OUR TOTAL FUNDING SINCE OUR INCEPTION. YEAH, I THINK THIS IS A SIGNIFICANT INTERCHANGE RIGHT HERE JUST BECAUSE ONE OF THE THINGS THAT YOU MENTIONED JUST A MINUTE AGO, CHAIRMAN, IS THE FACT THAT WE'RE LOOKING AT THINGS CASE BY CASE. AND SO I THINK WHAT I'M HEARING, AT LEAST IN THIS COMMUNICATION RIGHT NOW, IS IT'S NOT A COMMENT ON HUGS AND THE, THE ABILITY TO RAISE FUNDS. YOU'RE YOU'RE ARTICULATING THE NUMBERS, YOU KNOW, EXTREMELY WELL. IT SOUNDED LIKE, AT LEAST FROM A PRESSURE STANDPOINT, THAT THEY HURT WHOEVER THESE TWO PEOPLE ARE OR WHATEVER, THAT THEY HEARD SOMETHING IN THE PRESENTATION IN THE WHEN YOU PRESENTED LAST TIME ABOUT THIS PARTICULAR PROJECT. YES. YEAH. RIGHT. AND SO I THINK THAT THAT'S, IT'S HELPFUL FOR US TO RECOGNIZE THAT BECAUSE YOU SAID CASE BY CASE. AND I THINK WE'RE SITTING UP HERE AS A BOARD ALSO RECOGNIZING THAT THERE IS CONSISTENT PRESSURE TO THE BOARD ALL THE TIME ABOUT, HEY, YOU'RE JUST GIVING MONEY AWAY. HOW DO WE MAKE SURE THAT PEOPLE COME IN AND ARE ARE FUNDRAISING THOSE THINGS? SO I THINK THIS IS HELPFUL THAT IN THIS PARTICULAR CASE, IT'S NOT A COMMENT ON HUGS AND ITS ABILITY TO FUNDRAISE HISTORICALLY, BUT IN THIS MOMENT WE'RE SETTING WE'RE TRYING TO WE'RE UTILIZING THIS MOMENT TO HELP SET A PRECEDENT OR CONTINUAL PRECEDENT AS THOSE WHO COME AND SIT IN FRONT OF US, THAT WE'RE GOING TO NEED SOME SOME FUNDRAISING IN THE MIDST OF THIS. RIGHT. AND SO THIS OPPORTUNITY THAT YOU'RE OFFERING THE CHAIRMAN TO IS A REALLY INTERESTING THING THAT THAT PEOPLE CAN SEE AS WHEN THEY COME IN AS AN OPPORTUNITY TO GET SOME HELP WITH THAT FUNDRAISING FROM A CITY MATCHING STANDPOINT. SO JUST WANT TO ARTICULATE THAT. I HAVE A QUESTION, LAUREN. SO YOU MENTIONED THAT THE FUNDRAISING WOULD WOULD DELAY THE PROJECT, DELAY IT. HOW LONG? WELL, SO THIS WAS IN THE SCENARIO WHERE THERE WOULD BE A LOAN OF WHICH CASE WE WOULD BE LOOKING TO TAKE ON AS LITTLE OF THAT AS POSSIBLE AND ACCELERATE THE FUNDRAISING WITH THE GRANT MATCH OPPORTUNITY, THAT DOES PRESENT A DIFFERENT SCENARIO TO ADDITIONAL FUNDERS, BECAUSE WE WOULDN'T BE CARRYING THE PENALTY OF DEBT WHEN THOSE FUNDS WERE AWARDED. AND ESSENTIALLY, IT'S ALMOST LIKE A BUY ONE, GET ONE FREE OPPORTUNITY FOR OUR DONORS. SO THAT DOES PRESENT A DIFFERENT SCENARIO THAN WHAT WAS ORIGINALLY STATED. THAT BEING SAID, THERE WAS A COMMENT THAT $113,000 WAS NOT SUBSTANTIVE TO THIS BOARD, BUT WOULD BE MATERIAL TO US. SO WITH THAT, WE WOULD ASK THAT THE 150 PLUS THE 113 BE CONSIDERED AS A FULL GRANT AND HAVING THE REST BE CONSIDERED AS A MATCH OPPORTUNITY, BEING THAT THAT WOULD BE ESSENTIAL IN OUR INFRASTRUCTURE, BUT WITH PRESENTED A NEED FROM THIS BOARD TO GIVE A COMMENT FOR A LESSER AMOUNT. THAT'S WHAT WE DID. IT WAS NOT OUR INTENTION TO COMMUNICATE THAT THERE WAS AN A B SCENARIO THAT WOULD PROVIDE THE MOST EFFICIENT CONSTRUCTION FOR THIS PROJECT. WE ABSOLUTELY NEED ALL OF THE FUNDS AT ONE TIME TO HAVE THE MOST EFFICIENT CONSTRUCTION TIMELINE AND TO BE ABLE TO BE READY FOR THE FALL SEASON. SO AGAIN, ASKING THIS BOARD TO CONSIDER, AT LEAST AT A $263,000 LEVEL, IF NOT HIGHER, FOR A GRANT WITH A MATCHING OPPORTUNITY, AS THE CHAIR STATED. AND IF THAT WAS NOT A VIABLE OPTION AND THE BOARD DID NOT AGREE, HOW LONG WOULD IT DELAY YOU? WE WOULD HAVE TO GO INTO OUR DONOR POOL AND STRATEGY, BUT I WOULD SAY IN EXCESS OF A YEAR AND CONSTRUCTION COSTS COULD GO UP, UP TO 30%. AND THAT'S BEING CONSERVATIVE. AND EXACTLY WHAT WOULD IT DELAY? WE WOULD NOT BE ABLE TO INCREASE OUR INFRASTRUCTURE SO OUR REVENUE, WE WOULDN'T BE ABLE TO HAVE OUR ADDITIONAL GREENHOUSE SPACES. WE WOULDN'T HAVE OUR PROPAGATION HOUSE. WE WOULDN'T HAVE A ROAD. WE WOULDN'T BE ABLE TO HIRE AN ASSISTANT GREENHOUSE MANAGER OR INCREASE OUR GREENHOUSE STAFF. AND THIS WOULD BE THE RESULT OF THAT DELAY. YES, THAT IS CORRECT. THEREFORE, IT IS INCUMBENT UPON US BECAUSE OF THE FACT THAT WE ONLY REPRESENT 7% OF A LARGER POOL, THAT WE LOOK AT THIS VERY ANALYTICALLY, AND WE NEED TO DISCUSS WHAT WE DO. THAT 7% WOULD BE THE ENTIRE AWARD GIVEN AS A GRANT. I JUST WANT TO CLARIFY. WITHOUT THAT, IT'S MUCH CLOSER TO FIVE. I AGREE WITH ANDY'S COMMENT. I THINK WE NEED TO TABLE THIS AND THEN HAVE THE DISCUSSION MAKE A MOTION TO TABLE A SECOND ITEM

[01:25:02]

AND THERE'S BEEN A SECOND I'M AN ABSOLUTE NO ON TABLING. I THINK THAT WE HAVE ALL THE INFORMATION WE NEED TO MAKE A DECISION, AND EITHER WE ARE GOING TO EMPOWER THIS ORGANIZATION TO MOVE FORWARD WITH THE TIME FRAME THAT THEY THAT THEY HAVE REQUESTED, OR WE'RE GOING TO DELAY THEM JUST TO TAKE A 30 DAY BREAK AND HAVE THE VERY SAME PICKUP DISCUSSION HERE. SO MY VOTE IS GOING TO BE NO. BUT THERE IS A MOTION. THERE HAS BEEN A SECOND. SO PLEASE CAST YOUR VOTES.

WELL, UNFORTUNATELY, THE MOTION HAS BEEN PASSED. I SAY UNFORTUNATELY, BECAUSE I THINK THAT THERE IS ENOUGH INFORMATION. SO WE WILL PICK UP THIS DISCUSSION IN 30 DAYS, AND MAYBE THERE WILL BE NEW REVELATION BETWEEN NOW AND THEN.

BUT YES, SORRY TO DELAY YOU. WELL, THANK YOU FOR YOUR TIME AND CONSIDERATION. ALL RIGHT.

[26-0490 Consider/Discuss/Act on a Project Grant Application Submitted by Cotton Mill Partners, LTD, (4B26-10) in an Amount of Thirteen Million Six Hundred Twenty Thousand Eight Hundred Ninety-Six and 11/100 Dollars ($13,634,896.11) for Infrastructure Improvements Related to the Development of The Cotton Mill District, Located at 610 Elm Street in McKinney, Texas. Amount Requested Represents 71.3% of Total Infrastructure Cost for the Project.]

THIS. THIS ENTIRE AMOUNT IN NO WAY, SHAPE OR FORM DOES IT QUALIFY. SO BECAUSE WE HAVE VERY STRICT LIMITATIONS ON WHAT WE CAN AND CAN'T DO FOR MCDC, MY HOPE WAS THAT THIS WOULD BE A GREAT AVENUE. MCKINNEY CIP PROJECTS WOULD BE A GREAT A GREAT SOURCE. EDC FROM THE OFFICE BUILDING COMPONENT. AND THEN WHAT WE COULD DO ON INFRASTRUCTURE. I THINK THAT AND I'VE BEEN IN A NUMBER OF CITY MEETINGS SINCE THEN, AND ALTHOUGH IT ABSOLUTELY IS A IS A PROJECT THAT WOULD QUALIFY A LOT OF IT TERS ASSUMING THAT EVERYTHING WAS WITHIN THE TERS BOUNDARY OR BOUNDARY AMENDED TO BE IT, ALTHOUGH IT CERTAINLY QUALIFIES, WOULD BE A GREAT PROJECT. IT. UNFORTUNATELY, IT FALLS DOWN ON THE LIST BEHIND OTHER PRIORITIES. AND SO UNTIL UNTIL THOSE OTHER PROJECTS WERE DONE AND AND IT ROSE UP TO THE TOP. UNFORTUNATELY, TERS IS NOT AN OPTION TODAY BASED ON WHAT WHAT THEY HAVE IDENTIFIED AS THEIR PRIORITIES. AND SOME OF THOSE PRIORITIES INCLUDE FIRE SUPPRESSION FOR OUR HISTORIC DOWNTOWN AND SOME OTHER INFRASTRUCTURE NEEDS. A PARKING STRUCTURE THAT WAS TALKED ABOUT EARLIER IN DOWNTOWN MCKINNEY.

SO UNFORTUNATELY, THERE IT IT'S GOING TO HAVE TO WAIT ON TERS WHO KNOWS HOW LONG UNTIL OTHER PROJECTS GET FUNDED AND CLEARED ADC, AT LEAST AT THIS TIME, FROM WHAT I UNDERSTAND IS NOT CONSIDERING THE PROJECT. NUMBER ONE, THERE'S THERE'S NOT AN IMMINENT DEVELOPMENT OF THE

[01:30:01]

I HAVE TO DO THESE THINGS. SO I LOOK AT OFF SITE AS THOSE BIGGER ITEMS, BRINGING SEWER FROM A DISTANCE, BRINGING WATER FROM A DISTANCE OFF SITE TO SITE, AND THEN ALSO LOOK AT THE PARK THAT'S BEEN DISCUSSED. ALL THAT SAID, WE CAN GET INTO MORE DETAIL ON IF ANYONE ON THE BOARD LIKES, BUT MY SUGGESTION IS GOING TO BASICALLY BE THAT WE ARE WILLING TO COME IN AND MATCH THE CITY. CIP AMOUNT OF $3.5 MILLION FOR INFRASTRUCTURE. HOWEVER, IT'S OF COURSE, AS ANY GRANT, IT'S ON A REIMBURSED PROGRAM. AND HOW WE REIMBURSE AND WHAT WE REIMBURSE WOULD BE PROJECTS THAT GET SUBMITTED AS THINGS COME TO FRUITION VERSUS RIGHT NOW, IT'S JUST A GLOBAL KIND OF PLAN OF WHAT WE HOPE TO SEE HAPPEN. BUT AS PROJECTS, WHETHER IT'S 100, ZERO ZERO ZERO FEET IN, IN THE CURRENT BUILDINGS COTTON MILL THAT CAN BE DEVELOPED RIGHT NOW, IT'S PROBABLY 600, 700 GRAND WORTH OF JUST WATER AND FIRE RISING ROOM NEED TO TO ACTIVATE THAT 100,000FT. YOU'VE GOT YOU'VE GOT GREENFIELD. THAT'S JUST PLATE WISE, I SEE 250, ZERO ZERO ZERO FEET BEFORE YOU TALK ABOUT GOING TO THREE STORY. BUT AS PROJECTS, AS YOU HAVE PROJECTS THAT COME UP THAT YOU BELIEVE HAVE INFRASTRUCTURE THAT MEET THE REQUIREMENT, THE STATUTE THAT MCDC HAS, YOU WOULD SUBMIT THOSE. WE'LL HAVE A COMMITTEE THAT WILL LOOK AT IT AND MAKE A RECOMMENDATION TO THE BOARD, AND WE WOULD VOTE ON IT. BUT BASICALLY, IT WOULD BE A $3.5 MILLION INFRASTRUCTURE GRANT. THAT'S THAT'S BASED ON PROJECT QUALIFYING REQUESTS.

THAT'S WHAT I'M GOING TO SUGGEST. SO JUST TO CLARIFY TO YOU THAT 3.5 MILLION, THEY WOULD HAVE TO COME TO US WITH THE PROJECTS AND THEN WE WOULD SAY, YES, THIS QUALIFIES. BUT

[01:35:07]

THEY GET SOME ABOUT HALFWAY. NO. BECAUSE THE THREE AND A HALF IS. THAT'S RIGHT. OKAY. YEAH. SO INCLUDED OR NOT INCLUDED. SO AGAIN AT THE END OF THE DAY THOUGH, IT'S THIS AT THE END OF THE DAY. AND I DON'T MEAN THIS IN ANY DISRESPECTFUL WAY, RIGHT. BUT AT THE END OF THE DAY, EVERYTHING I SAID, I STAND BY AND I BELIEVE FIRMLY AT THE SAME TIME, I MADE A JOKE ABOUT WAITING 20 YEARS. LET ME TURN IT INTO A REALITY INSTEAD OF A JOKE. WHEN PEOPLE COME IN AND MAKE THE DECISION TO PURCHASE LAND THAT DOESN'T HAVE THE INFRASTRUCTURE THAT THAT NEEDS TO BE THERE, THEY HAVE TO MAKE THE DECISION. NUMBER ONE, DO THEY HAVE A PROJECT THAT CAN MAKE SENSE? AND I'M GOING TO SAY THAT I DON'T KNOW THAT ANY THAT IT'S GOING TO BE VERY HARD TO WITHOUT GOVERNMENTAL HELP. AND, AND THEY MADE THE DECISION. IT'S NOT IT'S NOT INCUMBENT UPON US OR THE CITY TO MAKE SURE A DEVELOPER IS SUCCESSFUL. OUR ROLE IS WITHIN WITHIN OUR ABILITY. YOU KNOW, WE WANT ALL THE CITY TO BE SUCCESSFUL. WE WANT DEVELOPMENT TO HAPPEN THE BEST IT CAN IN A WAY THAT THAT THAT ENHANCES AND GROWS OUR ECONOMY FOR SURE. BUT WHEN YOU'RE 110MI■!S AND YOU'VE GOT FAILING INFRASTRUCTURE AND OLD STUFF ON ONE SIDE OF TOWN AND, AND HUGE GROWTH OF MOVEMENT ON ANOTHER PART OF TOWN, THE REALITY OF IT IS WE HAVE SO MANY DOLLARS AND THE NEEDS, IF WE COULD WAVE A WAND AND JUST MAKE THE MONEY AVAILABLE, WE WOULD BE SPENDING TEN TIMES WHAT WE ARE IN CAPITAL IMPROVEMENT PROJECTS. BUT UNLESS OUR RESIDENTS WANT TO VOTE FOR A 3 OR 4 FOLD INCREASE IN PROPERTY TAXES, WHICH I'M GOING TO TAKE A WILD GUESS THAT DON'T WE ONLY HAVE SO MUCH MONEY AVAILABLE? SO THAT IS WHAT I'M PUTTING OUT ON THE TABLE. I WANT TO MAKE A MOTION. YEAH. IS THERE A MOTION? THAT'S

[01:40:05]

COUNCILMAN I, THEY AND I, I WON'T SPEAK FOR THEM, BUT I WILL I'LL, I'LL, I'LL SAY WHAT

[01:45:05]

AND I THINK IT'S IT'S CRITICAL, AND I THINK IT WILL BENEFIT THE CITY IN A HUGE WAY. IT WILL CERTAINLY BE BENEFIT US IN SALES TAX DOLLARS AND AD VALOREM VALUE AND ALL THAT IN AN INCORPORATED PORTION OF THE CITY. AND AS THE AIRPORT DEVELOPS, IT'S GOING TO BE MORE AND MORE OPPORTUNITY, BUT THAT OPPORTUNITY WILL BE BYPASSED IF WE DON'T HAVE INFRASTRUCTURE.

SO WE APPRECIATE THAT. AND I'LL JUST ADD THAT, YOU KNOW, IN THE ASK THAT WE PUT TOGETHER, IT WAS WHAT MAKES THE MOST SENSE TO ASK FOR NOW WITHOUT HAVING TO COME BACK AND REDO A WHOLE BUNCH OF STUFF LATER. SO I'M SURE THERE ARE WAYS WE CAN WORK WITH OUR ENGINEERING TEAM WITH, WITH THE COTTON MILL TEAM, EVEN MAYBE WITH THE CITY STAFF TO FIGURE OUT, OKAY, WHAT CAN WE ACCOMPLISH NOW VERSUS MAYBE WHEN THE MARKET IMPROVES OR THINGS GET A LITTLE BIT BETTER, WHAT WE CAN TAKE CARE OF. SO WE'LL CONTINUE TO LOOK INTO THOSE TYPES OF THINGS AS WELL.

GEORGE, ON THAT 13.5, THERE IS ANY OF THAT THAT YOU KNOW OF QUALIFIES FOR EDC TO FUND.

BECAUSE I KNOW LAST TIME THEY CAME TO US, WE ASKED THEM TO GO TO EDC. I DON'T KNOW IF THEY EVER DID THAT OR NOT. SO SO THEY I BELIEVE THERE HAS BEEN, I DON'T WANT TO SPEAK OUT OF.

BUT THEY HAVE TALKED TO EDC AND A COUPLE OF THOUGHTS WERE. NUMBER ONE IS, IS THERE ENOUGH OFFICE SPACE FOR WHAT EDC IS LOOKING FOR AND IS IT A PROJECT, AN IMMINENT PROJECT? IS IT HAPPENING TODAY? BUT I WOULD TELL YOU THAT IT'S IT'S A DIFFERENT ASK WHEN IT'S SOMETHING THAT WE'RE PLANNING VERSUS AN ASK WHEN WE ARE HERE READY TO GO AND HAVE, YOU KNOW, SO I HOLD OUT HOPE THAT EDC WOULD WOULD BE A, A PLAYER TO THE EXTENT THEY CAN BY STATUTE ON INFRASTRUCTURE FOR OFFICE DEVELOPMENT. OKAY, PERFECT. THANK YOU. THANK YOU. SO I MADE A MOTION. IS THERE ANYONE WANTS TO SECOND IT. WHAT IS YOUR MOTION. WHAT IS YOUR MOTION. MY MOTION WAS $3.5 MILLION THAT WE WE GRANT THEM. WHAT'S THAT. NOT TO EXCEED. NOT TO EXCEED THREE.

YES. NOT TO A GRANT OF NOT TO EXCEED $3.5 MILLION FOR QUALIFIED PROJECTS. I'M GOING TO SAY INFRASTRUCTURE PROJECTS THAT THAT AGAIN, BY DEFINITION, SUPPORT ECONOMIC DEVELOPMENT AND RETAIL SALES, COMMERCIAL RETAIL DEVELOPMENT AS ALLOWED BY STATUTE. AND THOSE JUST LIKE ANY REIMBURSABLE PROJECT. WELL, I THINK A LITTLE NUANCE HERE, THEY WILL COME WITH SPECIFIC PROJECT REQUESTS IF THEY WANT TO COME TOMORROW AND SAY, WE WANT THE WHOLE $3.5 MILLION, BECAUSE WE'RE GOING TO BRING THE SEWER UP BOTH ON THE. WELL, I'LL JUST SAY, IF THEY'RE GOING TO INCREASE THE SEWER CAPACITY FOR DEVELOPMENT OF COTTON MILL OR AND WATER, BY THE WAY, COTTON MILL AND THE COMMERCIAL PADS. AND THIS IS WHAT THEY HAVE ON THE TABLE TO DO TODAY.

OUR COMMITTEE WILL LOOK AT IT, APPROVE IT, RECOMMEND APPROVAL TO THE BOARD. THE BOARD WILL

[01:50:03]

[BOARD COMMENTS]

THERE'S GOT A LOT OF CHATTER OF THAT. ALWAYS TRIES TO POINT OUT THE BAD THINGS IN MCKINNEY. BUT I WOULD SAY, LOOK AT THE GOOD THINGS IN MCKINNEY, THE CJ CUP. I WOULD HAVE TO SAY WHEN IT WAS FIRST IDEA BROUGHT TO MCKINNEY CHAIRMAN PHIL, YOU WERE A PART OF THAT COMMITTEE. DAVID CRAIG, DAVID BROOKS, DAVID PILLSBURY, I MEAN, DAVID, MAN, HOW COME I WASN'T PART OF THIS GROUP? I MEAN, IT'S A LOT OF DAVIDS IN THERE. I THINK TOO MANY UNFORTUNATELY GOT CUT OFF RIGHT THERE. PAUL GRIMES, OUR CITY MANAGER, WAS THERE AND GOT IT DONE. AND MY UNDERSTANDING FRANKLIN WAS THERE. YEAH. RICK FRANKLIN AND MY UNDERSTANDING THIS YEAR WAS BETTER THAN ANY OTHER YEAR WE'VE EVER HAD. SO I THINK IT'S FANTASTIC. I EVEN TOLD GEORGE WHEN WE WERE WALKING AROUND THE COURSE IS, GOD, THIS ISN'T MCKINNEY, TEXAS, THIS GOLF TOURNAMENT. AND YOU HAVE TO REMEMBER, WITH IT BEING THE CJ CUP, NOT ONLY WAS IT BEING BROADCAST HERE, BUT IT WAS BEING BROADCAST IN ASIA, EVERYBODY IN ASIA BECAUSE THE CJ CUP, BECAUSE THAT'S WHERE THEIR CORPORATE OFFICE IS. THEY WERE ALL SEEING MCKINNEY, TEXAS. SO I JUST GOT TO SAY CONGRATULATIONS TO EVERYBODY WHO BROUGHT IT HERE. IT WAS FANTASTIC. AND HOPEFULLY IT WILL BE HERE FOR THE NEXT HUNDRED YEARS. ANY OTHER COMMENTS? I JUST WANT TO WISH A PREEMPTIVE. WE ALL DO WANT TO WISH A PREEMPTIVE HAPPY BIRTHDAY TO DEBORAH. YES. OKAY.

HER BIRTHDAY IS THE 12TH. THAT'S IT. THAT'S CORRECT. JUNE 12TH 26TH. AGAIN, SHE'S GOING TO BE 2027. YOU DON'T WANT 16. YEAH. WELL, THEN YOU CAN'T BE ON THE BOARD. YEAH. DO OVERS, DO OVERS. OKAY. BUT SHE WILL SHE WILL CELEBRATE HER BIRTHDAY WHILE WE IN BETWEEN MEETINGS.

SO WE WANT TO WISH YOU A HAPPY BIRTHDAY. WE HAVE A CARD FOR YOU. SO THANK YOU. THANK YOU FOR ALL THAT YOU DO NOT JUST ON THIS BOARD BUT IN THE COMMUNITY AND YOUR HUSBAND. YOU GUYS ARE A REAL POSITIVE FORCE WITHIN THIS COMMUNITY AND YOU DO SO MUCH GOOD. AND WE THANK YOU FOR THAT. AND WE ALL ARE HONORED TO SERVE WITH YOU. DO WE HAVE CAKE BACK THERE? I WAS VERY UPSET TO FIND OUT WE DID NOT HAVE A CAKE. COULDN'T EAT IT ANYWAY BECAUSE YOU ATE IT ALREADY. I WOULD I WOULD HAVE BEEN MOTIONING TO CUT THE CAKE BEFORE YOU END THE MEETING. ALL RIGHT. THANK YOU.

HAPPY BIRTHDAY. DEBORAH. THANK YOU. FROM ALL OF US. THANK YOU. ANYBODY ELSE WITH THAT MOTION TO ADJOURN? SO MOVED. SECOND. PLEASE VOTE.

* This transcript was compiled from uncorrected Closed Captioning.