[00:00:01]
ONE, TWO, THREE. FOUR, FIVE. OKAY, THAT'S 4:02 P.M. THIS IS TUESDAY, JULY THE 28TH. THIS IS CITY COUNCIL AND MCKINNEY ECONOMIC DEVELOPMENT CORPORATION JOINT WORK SESSION.
FIRST ITEM WILL BE THE OPPORTUNITY. HI, JULIE. FIRST ITEM WILL BE THE OPPORTUNITY FOR ANYONE IN THE AUDIENCE TO ADDRESS THE JOINT SESSION ON AN AGENDA ITEM THAT DOES NOT HAVE A PUBLIC HEARING. ANYONE IN THE AUDIENCE SEEING ONLY STAFFERS, STAFF TYPES IN THE ROOM? WE'LL MOVE ON. FIRST. WE DO HAVE A QUORUM OF THE CITY COUNCIL, SO WE'LL CALL ON MR. KEENE. THANK YOU. MAYOR, OPEN YOUR SESSION IN THIS JOINT SESSION. THANK YOU, SIR. KURT KEENE, VICE VICE CHAIRMAN OF THE EDC AND ABSENCE OF MR. MILLER. I CALL OUR BOARD TO QUORUM. AND SO WE ARE ALL
[26-0736 Consider/Discuss McKinney Economic Development Corporation Activities and Strategic Priorities Update]
HERE AND ACCOUNTED FOR. PERFECT. FIRST ITEM IS 26-0736. CONSIDER DISCUSS MCKINNEY ECONOMIC DEVELOPMENT CORPORATION ACTIVITIES AND STRATEGIC PRIORITY UPDATE. MR. KOSKI THANK YOU, MR. MAYOR. COUNCIL MEMBERS, CITY MANAGER PAUL GRIMES, THANK YOU FOR A MOMENT AGAIN TO SPOTLIGHT A FEW THINGS THAT WE ARE WORKING ON. THIS IS ONE OF MY FAVORITE FIRST MAPS TO SHOW WHEN I PRESENT. NOW, AS A REMINDER, EACH STATE IN BLUE HAS A POPULATION SMALLER THAN DFW. WHAT A RESPONSIBILITY WE HAVE TO DO WHAT WE'RE DOING TO BUILD OUT THIS PIECE OF THE US.HERE'S A NEW ONE. I BORROWED THIS ONE FROM THE DALLAS REGIONAL CHAMBER. THESE ARE ALL THE CITIES BY POPULATION THAT WOULD FIT INTO THE DFW METROPLEX. SO LOOK AT THIS PATCHWORK. SAN DIEGO, CHARLOTTE. WE'RE SIMILAR TO SALT LAKE CITY. I'LL GIVE YOU A POINT OF REFERENCE THERE. SO AGAIN, A METROPLEX WE ARE THIS IS AN INTERESTING EXHIBIT WHICH IS VERY TIMELY. IT SHOWS WHERE THE ENERGY IS REALLY PROGRESSING IN DFW. AND I'M GOING TO HIT MY CLICKER HERE AND SPOTLIGHT THIS RIGHT HERE. IT'S HEADING TOWARDS MCKINNEY. YOU CAN SEE HOW THE RED HEAT MAP IS REALLY POINTING UP INTO THE RIGHT TOWARDS MCKINNEY. THESE ARE DRC EXHIBITS. AGAIN, WE DID NOT PRODUCE THESE. BUT YOU SEE AVIATION AND AEROSPACE IS STILL NOT AS WARM AS YOU WANT IT TO BE. BUT THAT'S GOING TO CHANGE BECAUSE WE HAVE THIS THE AIRPORT. LAST WEEK, I HAD THE OPPORTUNITY TO TRAVEL TO A CONFERENCE WITH AEROSPACE FOCUS, AND THERE'S A LOT OF ENERGY ABOUT US PRODUCTION OF AEROSPACE COMING BACK HERE, ADVANCED MANUFACTURING, WHICH WE'LL TOUCH ON IN A SECOND. WE ALSO GAVE A TOUR TO A VERY SUBSTANTIAL EUROPEAN COMPANY LOOKING TO METROPLEX, AND WE SPOKE ABOUT MANY TOPICS IN MCKINNEY. AS YOU CAN EXPECT, QUALITY OF LIFE, THE SCHOOL SYSTEM, SO ON AND SO FORTH. I SHOWED THIS EXHIBIT AND THEY THEY GRABBED IT OUT OF MY HAND, IN FACT, TO LOOK AT IT BECAUSE FOR THEM, THIS IS A BIT OF A GAME CHANGER FOR THE AUDIENCE LISTENING FROM AFAR. THESE ARE THE FIVE FIRST CITIES THAT WILL FLY OUT OF MCKINNEY NATIONAL AIRPORT COME NOVEMBER. AND THIS COMPANY SAW THAT AT JUST A VALUE ADD, AS YOU'RE TRYING TO LURE THEIR EMPLOYEES TO UPROOT AND TAKE NEW ROUTES HERE IN MCKINNEY, YOU KNOW, HAVING THOSE DESTINATIONS TEN MINUTES AWAY FROM THEIR HOUSE IS PRETTY SPECTACULAR. SO I DON'T WANT THAT TO GO UNNOTICED.
UNDERVALUE THAT THIS EXHIBIT NOW MEANS SOMETHING WHEN WE'RE RECRUITING COMPANIES TO JOIN US.
AND WHAT'S OUR IMAGE? I'VE SHOWED THIS IN DIFFERENT ITERATIONS IN THE PAST, BUT CONTROL, GROWTH AND CAPACITY BUILDING, THAT'S WHAT WE DO EVERY DAY. CONNECTIVITY AND FUTURE INFRASTRUCTURE. WHERE ELSE IN THE US ARE THEY BUILDING SO MUCH NEW INFRASTRUCTURE AT ONE TIME? IT'S REALLY HAPPENING IN MCKINNEY AND AROUND OUR AREAS AND OF COURSE, OUR WORKFORCE AND LIVABILITY ADVANTAGE. AGAIN, THINGS WE TOUCH ON, THINGS THAT REALLY SET US APART FROM OTHER PARTS OF THE COUNTRY. CERTAINLY, I DID VISIT WITH YOU FOLKS A FEW MONTHS BACK WITH THE MEDC BOARD OF DIRECTORS AND MY TEAM, TO TALK ABOUT WHAT WE'RE LOOKING AT FOR THE NEXT 3 TO 5 YEARS. WE HAVE SOME GREAT DOCUMENTS WHICH HAVE INSPIRED A LOT OF WHAT WE'RE DOING. HOWEVER, WE NEED TO UPDATE THOSE DOCUMENTS. SO WE'VE ENGAGED NEWMARK, A CONSULTING AGENCY, TO HELP US PUT TOGETHER OUR NEW STRATEGY OBJECTIVES FOR THE NEXT 3 TO 5 YEARS. I THINK YOU'RE HERE IN OUR PROFESSION AND OUR INDUSTRY THAT FIVE YEAR PLANS ARE ARE ALMOST OUT OF DATE THE DAY THEY'RE PUBLISHED THESE DAYS. SO WE'RE TRYING TO MAKE A PLAN THAT IS RESILIENT, THAT HAS OPTIONALITY TO IT. AND YOU'LL SEE THAT IN THE FINAL ITERATION. YOU HAD A SOFT INVITATION. HIT YOUR INBOX TODAY ABOUT VISITING WITH NEWMARK TO TALK WITH THEM ABOUT YOUR PERSPECTIVE. WE'RE GOING TO PIVOT INSTEAD OF IN PERSON ROUNDTABLES. WE'LL GO AHEAD AND DO SOME ONE ON ONE INTERACTIONS. THE EDC BOARD WILL MEET WITH THE GROUP AS A WHOLE. I WILL SAY THAT WE'VE HAD PROBABLY A DOZEN OR SO INTERVIEWS TO DATE WITH BUSINESS LEADERS ACROSS MCKINNEY, AND INITIAL FEEDBACK FROM NEWMARK TO US AT LEAST, IS WE'RE DOING EXCEPTIONAL. OUR REPUTATION AS AN EDC AS A CITY IS GOLDEN, AND I'LL KEEP ON THE RIGHT DIRECTION. AND THIS IS A NATIONAL GROUP THAT HAS NO MOTIVATION TO SAY OTHERWISE. SO
[00:05:07]
VERY GOOD TO HEAR THAT THE INTERVIEWS ARE GOING WELL. WE ARE NOT A PART OF THOSE INTERVIEWS. SO AGAIN, THOSE ARE BY THEMSELVES SO WE CAN HIT THE GROUND RUNNING IN 2027. THE. THE MAIN OBJECTIVE OF THAT AMONGST MANY AT LEAST, IS TARGET INDUSTRIES WITH NEW HIGHWAYS, THE AIRPORT COMING ONLINE, NEW TARGET OPPORTUNITIES HAVE COME ACROSS OUR DESK, AND THIS WILL HELP US REFINE HOW WE GO ABOUT THAT. AND WE ALSO NEED TO BE PREPARED FOR THIS, WHAT I CALL AN AVALANCHE OF PROJECTS. THE TEAM IS BEHIND ME. I WANT TO RECOGNIZE THE TEAM FOR WHAT THEY'RE DOING. AS YOU KNOW, WE'RE DOWN TWO EXECUTIVES ON THE TEAM AT PRESENT, MR. TALLEY AND MISS MISS CLARK. SIGNIFICANT LOSS FOR OUR ORGANIZATION, NO DOUBT ABOUT IT. BUT I CAN SAY THAT THE TEAM HAS PICKED UP THE BALLS THEY HAVE RUN WITH THEM. I DON'T FEEL THAT WE ARE SLOWING DOWN AT ALL. IN FACT, I'LL SHOW YOU SOME NUMBERS THAT SHOWS THAT WE'RE ACTUALLY SPEEDING UP IN SOME RESPECTS. SO I JUST WANT TO PUBLICLY ACKNOWLEDGE THE TEAM, WHAT THEY DO BEHIND THE SCENES EVERY DAY TO THE KIND OF ACTIVELY FILL THOSE OPPORTUNITIES IN OUR ORGANIZATION. SO I HOPE YOU FEEL THAT AS WELL THAT WE'RE STILL ALL SYSTEMS GO. HERE'S A GOOD EXAMPLE. CITY COUNCIL HAS SET A STANDARD TO GENERATE AT LEAST 90 LEADS THIS FISCAL YEAR. 25 QUALIFIED QUALIFIED MEANS BASICALLY THEY MEET A CAPEX OR JOB REQUIREMENT, RIGHT. AND THEN KEEP 25 IN THE PIPELINE AT ALL TIMES. WE'RE ALREADY AT 184 LEADS, 79 BEING QUALIFIED. THAT'S A SUBSTANTIAL NUMBER.THOSE ARE PROJECTS THAT CHECK THE BOXES ON OUR OUR MATRIX THAT THEY'RE FIT FOR MCKINNEY.
AND OF THOSE WE'RE NEGOTIATING OR ACTIVELY TALKING TO 27 OF THEM. AT PRESENT, THE TEAM IS ABOUT TEN PEOPLE STRONG. SO YOU CAN IMAGINE IT'S A BIG LIFT ON JUST THE PROJECTS SIDE. HERE'S A GRAPHIC THAT SHOWS OUR TEN YEAR IMPACTS. WE'RE STARTING TO PLAY WITH SOME NUMBERS. MOST RECENTLY, WE'VE ONBOARDED A FANTASTIC BUSINESS INTELLIGENCE ANALYST AND HIS KNOWLEDGE AND ABILITY TO GO BACK IN THE BOOKS AND KIND OF SEE WHAT'S GOING ON. AND SOME BASIC NUMBERS ARE WORTH EXPLORING. THESE ARE ESTIMATES ON UNAUDITED, IF YOU WILL. OVER THE PAST TEN YEARS, THE CITY HAS ADDED ABOUT $6.2 BILLION OF NEW VALUATION ON THE COMMERCIAL SIDE, ABOUT 1.3 ARE FROM PROJECTS THAT THE EDC TOUCHED. RIGHT, THAT WE HELPED BRING HERE, THAT WE HELPED INSPIRE. THAT'S OVER 20% OF THAT GROWTH IS FROM THE FOLKS IN THIS ROOM WHO MADE THAT HAPPEN. SO THAT'S PRETTY SUBSTANTIAL. AND OUR MOTIVATION IS, OF COURSE, TO INCREASE THAT NUMBER EVERY YEAR. AND YOU CAN SEE THE BIG PROJECTS THAT THE TOP FIVE THAT WE DROVE THAT NUMBER ALSO, THIS DOES NOT INCLUDE VENUE, CANNON BEACH, LIGHTEN. THESE ARE ALL IN THE REARS, RIGHT? SO THIS IS MY FIRST PUBLIC PRESENTATION AFTER PRESENTING TO YOU FOLKS AND THE PUBLIC THAT WE LANDED LIGHT ON. SO A MAJOR WIN FOR THE ORGANIZATION IN THE CITY PUTS US ON THE MAP. I WAS ABOUT TO CREATE A FRESH SLIDE FOR TODAY, BUT THEN I WAS REMINDED THAT PEOPLE HAVE DONE THAT ALREADY. THESE ARE SOCIAL MEDIA POSTS THAT PEOPLE HAVE PUT TOGETHER, NOT BY US, TO CELEBRATE OUR WIN. SO JUST SHOW YOU HOW IMPORTANT THIS ANNOUNCEMENT WAS THAT PEOPLE PUT THE TIME AND EFFORT TO PERHAPS A COUPLE OF CLICKS IN AI, OF COURSE, MAKE IT HAPPEN, BUT TO ANNOUNCE IT WITH THE SAME VIGOR THAT WE'RE ANNOUNCING IT, YOU GUYS KNOW THE FACTS OVER $900 MILLION INVESTMENT. THIS IS AN ADVANCED MANUFACTURING FACILITY NOT A DATA CENTER AS I'VE HEARD SOME PEOPLE ALLUDE TO. THESE ARE NOT 600 TEMPORARY CONSTRUCTION JOBS.
THESE ARE 600 PERMANENT JOBS. SO THIS IS A HUGE VALUE ADD FOR ECOSYSTEM. HERE'S MORE ABOUT THAT. BECAUSE A COMPANY OF THIS STATURE HAS A GLOBAL PRESENCE. CHOSE MCKINNEY THAT INSPIRES COMPANIES OF THE SAME WORLD AND THEIR SUPPLIERS TO CHOOSE MCKINNEY AS WELL. IT'S CALLED THE COME ALONG EFFECT. SO WE'RE GOING TO SEE MORE AND MORE COMPANIES OF THIS QUALITY NOW LOOKING AT MCKINNEY AS AN OPTION, JUST AS THEY DID IN THE PAST FOR OTHER MAJOR CITIES IN TEXAS. SO AGAIN, A HUGE WIN FOR US. WE HAD ANNOUNCED THIS LAST TIME, AND NOW IT'S EVEN MORE CRISP AND CLEAR WHAT IT LOOKS LIKE. WE'VE REBRANDED 121 CORRIDOR BETWEEN REALLY THE PORTION THAT ADJOINS OURSELF IN THE CITY OF ALLEN. IT'S 121 NORTH, AND MR. GRIMES WOULD BE HAPPY TO HEAR THIS. WE'RE GOING TO ANNOUNCE IN ABOUT A WEEK OR SO THAT THIS ONE, A REGIONAL AWARD. SO A HUGE WIN FOR US. SO WE'LL ADD IT TO OUR TROPHY CASE FOR REGIONAL COLLABORATION. SO THIS GOT ACKNOWLEDGED AS WELL. SO MORE TO COME ON THAT HOW THIS WORKS IS A STANDALONE WEBSITE THAT DEVELOPERS AND INTERESTED PEOPLE CAN GO TO AND PICK A PROPERTY ON EITHER SIDE AND LEARN MORE ABOUT IT. AND AS THEY DIG INTO IT, IT WILL FUNNEL THEM TO EITHER OURSELVES OR ALLEN. OUR THESIS IS WE WANT PEOPLE TO CHOOSE A CORRIDOR AND THEN FIND THE RIGHT PIECE OF PROPERTY THAT FITS WHAT THEY'RE LOOKING FOR. IT'S A WIN. EITHER WAY. IT SITS. SO HERE'S A
[00:10:05]
RENDERING WE'RE SHOWING FOR REALLY FOR THE FIRST TIME ON THE 121 CORRIDOR. THIS IS IN DISTRICT 121. AS YOU KNOW, THE EDC PURCHASED ABOUT EIGHT ACRES OF LAND THAT'S VACANT NEXT TO OUR OFFICES. AND DISTRICT 121 PROPER. THIS IS A CONCEPT FOR 400,000 PLUS SQUARE FEET OF CLASS A OFFICE. GET YOUR ORIENTATION TO YOUR LEFT. HERE IS THE EXISTING CAMPUS, THE LARGER WHITE SQUARE. IN THE BOTTOM LEFT IS THE PARKING DECK. BOB'S RIGHT ABOVE THAT. AND THEN OF COURSE, THE ACTUAL PARK ITSELF, ADDING RETAIL OFFICE TOWERS AND PARKING. AND TO GIVE YOU A FLAVOR OF WHAT THAT CAN LOOK LIKE, THIS IS NOW LOOKING AT DISTRICT 121 HOTEL DENISON.THE PARKING AND BOB'S ARE CALLED OUT WITH THEIR FIRST LETTERS, OF COURSE. SO THIS IS WHAT WE'RE OUT THERE SHOWING OUR PARTNERS FOR ATTRACTION PURPOSES AS WE COMPETE WITH OTHER CITIES FOR, YOU KNOW, HQ RELOCATIONS, ETC. NOW WE HAVE A PORTFOLIO REGULAR SHOW WITH SOME CERTAINTY WHAT CAN HAPPEN. SO WE'RE THIS IS ONE OF THE PROJECTS THAT WE'RE HOPEFUL TO LAUNCH VERY, VERY SOON. AND THIS IS MY LAST SLIDE JUST TO MAKE SURE THAT WE ARE ALIGNED IN WHAT WE'RE DOING. THE MEDC BOARD, THEY'RE WELL IN TUNE WITH OUR DAILY OPERATIONS. OUR LIAISONS ARE UPDATED WEEKLY AS WELL ABOUT WHAT WE'RE WORKING ON, BUT THESE ARE THE MAIN TOPICS I WANT TO TOUCH ON UNDER THE ATTRACT. AS A REMINDER, AGILE IS OUR OUR PILLARS THAT WE ASCRIBE OUR STRATEGY TO ATTRACT THE DISTRICT 121 PROPERTY, WHICH I JUST SHOWED SUPER IMPORTANT TO US. SUPER, SUPER IMPORTANT LAKE FOREST IN 121 PROPERTY. WE'RE WORKING WITH A MASTER PLANNER DEVELOPER RIGHT NOW. I'LL SEE UPDATED CONCEPT PLANS IN A COUPLE OF WEEKS. KEN AND BEACH IS LOOKING NOW TO ACTUALLY PERHAPS BUILD CLASS A OFFICE AS PART OF PHASE 1 OR 1 B, WHICH IS GOOD NEWS FOR US. AND THEN DOWNTOWN PROPERTY. OF COURSE, MEDC IS A STRONG PARTNER WITH THE CITY ON THAT, THE EAST AIRPORT LAND. AND OF COURSE, THE ETJ PROPERTIES ARE OTHER THINGS THAT WE'RE WORKING ON UNDER THE GROW, WHICH IS REALLY KIND OF GROWING THE EXISTING ECOSYSTEM HERE. I'VE GOT SOME FRESH NUMBERS HERE. OUR GOAL FOR BUSINESS RETENTION VISITS WAS 80 THIS YEAR. FOR THE FISCAL YEAR, WE'RE ALREADY AT 96 THIS YEAR. SO A LOT OF CREDIT GOES TO THE SYSTEMS AND PROCESSES FORMER DIRECTOR MADISON CLARK SET UP. BUT BUT CERTAINLY THEY'RE GAINING MOMENTUM AND GOING FORWARD BECAUSE OUR ECONOMIC DEVELOPMENT SPECIALIST MIRANDA ESTRADA, IS KEEPING GOING ON THAT. SO THANK YOU, MIRANDA, FOR ALL YOUR WORK ON THAT. THAT'S A HUGE NUMBER. HUGE. IN FACT, IN SOME RESPECTS, OUR ACTIVITIES ARE THE BACKBONE OF WHAT WE DO TO MAKE SURE THAT OUR EXISTING ECOSYSTEM IS IS HAPPY AND SUCCESSFUL UNDER INNOVATE THE INNOVATION EXCHANGE. THAT'S THE PHYSICAL OFFICE SPACE NEXT TO MY OFFICE, WHICH WILL BE A SPOT FOR STARTUPS TO COME AND INTERACT WITH US AND GROW AND LEARN AND REALLY SPRINGBOARD INTO THEIR OWN PRIVATE SPACES. LEAD.
THAT'S THE NEWMARK PLAN THAT WE'RE WORKING ON. AND THEN ENGAGE. WE'VE BEEN MUCH MORE ACTIVE OVER THE PAST YEAR TO 18 MONTHS WITH THE TEXAS EDC, TRAVELING AROUND THE WORLD TO TELL THE MCKINNEY STORY. AND I WILL SAY, WHEN WE TRAVEL, IT'S IT'S TRAVELING WITH SAN ANTONIO'S, THE DALLAS'S, THE HOUSTON'S, AND MCKINNEY'S IN THAT ROOM. MCKINNEY'S IN THAT ROOM TELLING THE STORY. IT'S VERY EFFECTIVE. IN FACT, I WAS TRAVELING LAST WEEK WITH THE GROUP, AND I WALKED INTO A ROOM WITH SOME COLLEAGUES, AND ONE OF THEM SAID, MAN, WE ARE REALLY WATCHING MCKINNEY. IN FACT, WE'RE REALLY BENCHMARKING AGAINST YOU. AND THIS IS A MAJOR CITY IN TEXAS THAT OTHERWISE FIVE, TEN YEARS AGO MAY NOT HAVE CONSIDERED US IN THE SAME BALLPARK, BUT WE'RE MAKING RIPPLES ACROSS THE STATE IN A GREAT WAY. AND WITH THAT, MR. MAYOR, I'LL PAUSE THERE FOR ANY QUESTIONS OR OBSERVATIONS. THANK YOU, MR. KOSKI. ANY COMMENTS? QUESTIONS? NO, THANKS, MIKE. IT'S GREAT. IT WHENEVER YOU DO, THIS IS ALWAYS NEW INFORMATION IN HERE. IT WOULD BE EASY TO RESHUFFLE THE CARDS AND PRESENT THE SAME DATA. BUT YOU'RE ALWAYS BRINGING NEW INFORMATION. SO YOU AND YOUR BOARD, WE APPRECIATE WHAT YOU GUYS ARE AND LADIES ARE DOING FOR ECONOMIC DEVELOPMENT IN MCKINNEY. OKAY, I'LL GIVE A MOMENT FOR THE BOARD OF DIRECTORS. ANY COMMENTS OR OBSERVATIONS? MR. HAMILTON, ANYTHING FROM YOU? BEING SILENT AND TRYING TO PRESERVE THE SENTIMENTS? VERY GOOD. THE QUORUM MAKE THE. YEAH. MR. MAYOR. YEAH. ONE ONE TAKEAWAY. IF I IF I CAN ASK FOR ONE, AT LEAST I SUSPECT, MR. CHAIRMAN LOCHMUELLER WOULD HOPE THAT WHAT YOU'RE SEEING ON THIS SLIDE RIGHT NOW IS, IS A GREAT HIGH LEVEL, RIGHT ALIGNMENT OF WHAT WE'RE WORKING ON. SO THERE'S NOTHING ON HERE THAT YOU DON'T THINK WE SHOULD BE WORKING ON. I THINK WE ALL AGREE THIS IS GOOD, BUT THEN WE'VE GOT TO MAKE SURE THAT THIS IS STUFF BELOW THOSE DOWNTOWN PROPERTIES, PROBABLY 15 BULLET POINTS. WHAT THAT LOOKS LIKE TO MAKE SURE THAT WE'RE ON THE SAME PAGE IN TERMS OF WHAT WE'RE WORKING ON. SPEAKING OF CHAIRMAN
[00:15:02]
LOCHMUELLER, HE SENT ME A MESSAGE. HE IS IN TRIAL AT A TRIAL THAT RAN LONG. AND SO HE APOLOGIZED FOR NOT BEING ABLE TO BE HERE. YEAH, YEAH. THANK YOU FOR YOUR PRESENTATION.[JOINT MEMBER COMMENTS]
THANK YOU SIR. YOU KNOW, I'M GOING TO I'M GOING TO MAKE A COMMENT, IF YOU DON'T MIND, MR. MAYOR. I WAS AT THE RIBBON CUTTING THIS WEEKEND FOR COMMON GOOD MEDICAL, AND I'D BEEN TO THE GALA THERE EARLIER THIS YEAR. AND IT STRUCK ME AGAIN HOW MANY INNOVATION FUND PEOPLE ARE THERE HEAVILY INVOLVED IN COMMON GOOD, MEDICAL, COMMON GOOD MEDICAL DEALS WITH FOLKS WHO ARE ON THE VERY EDGE OF, OF THE WORKFORCE THAT THAT AN EXAMPLE THEY GIVE IS THAT YOU CAN'T GO TO WORK IF YOU HAVE TO DRIVE AND YOU NEED GLASSES BUT CAN'T AFFORD GLASSES. AND THAT'S ONE OF THE THINGS THEY DO. SO THE, THE BENEFITS OF WHAT YOU GUYS ARE DOING, THE PEOPLE YOU'RE HELPING BRING TO MCKINNEY DON'T GO UNNOTICED. AND I WANT TO TELL YOU, I APPRECIATE IT. THANK YOU. ANY OTHER COMMENTS? NO. VERY GOOD. WE DO HAVE A JOINT EXECUTIVE[JOINT EXECUTIVE SESSION]
SESSION. SO YOU'RE NOT OFF THE HOOK YET. AND IN ACCORDANCE WITH TEXAS GOVERNMENT CODE 551.0712551.072-2551.072 DELIBERATIONS ABOUT REAL PROPERTY. 551.087 ECONOMIC DEVELOPMENT MATTERS. WE WILL ADJOURN INTO* This transcript was compiled from uncorrected Closed Captioning.