[00:00:13]
SHOULD. MAYBE I SHOULD JUST SAY MORNING. SOME OF YOU DON'T KNOW IF IT'S A GOOD MORNING OR NIGHT.
[CALL TO ORDER]
TODAY IS THURSDAY, AUGUST 27TH. YEAR 2026. WE'RE IN CITY HALL COUNCIL CHAMBERS AT 401 EAST VIRGINIA STREET IN THE GREAT CITY OF MCKINNEY. WE WILL START WITH THE PLEDGE OF ALLEGIANCE, IF YOU PLEASE, 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. DO NOT BELIEVE ANYONE IS SIGNED UP FOR PUBLIC COMMENTS. IS THAT CORRECT? OKAY.[26-0806 30 Years of MCDC: Community Partner Spotlight - District 121]
WE'LL MOVE TO INFORMATION SHARING ITEM 260806 30 YEARS OF MC, DC COMMUNITY PARTNER SPOTLIGHT DISTRICT 121 MILES. I BELIEVE YOU'RE GOING TO PRESENT. THANK YOU. MILES PRESTON 6850 TPC DRIVE HERE IN MCKINNEY. FIRST WANT TO JUST CONGRATULATE THE MC DC FOR 30 YEARS OF EXCELLENCE INVESTING CERTAINLY IN THE PAST THROUGH THE HISTORIC DISTRICT, THE PRESENT AND ONGOING INCENTIVES AND THE FUTURE WILL CERTAINLY ALL THE PARKS AND OPEN SPACES THAT HAVE BEEN INVESTED THAT WILL LAST MANY YEARS BEYOND OUR LIFETIMES. I'VE BEEN FORTUNATE TO BE HERE 28 OF THE 30 YEARS BEING WITH STONEBRIDGE RANCH AND CRAIG RANCH. SO I'VE SEEN FIRSTHAND THE WORK THAT THE MC D HAS DONE OVER THESE YEARS. MANY TIMES THE LAST DOLLARS NEEDED FOR A PROJECT HAVE COME FROM THE MC DC. THESE DOLLARS CHANGE A PROJECT FROM JUST A PIECE OF PAPER TO REALITY, AS I'LL SHOW YOU. DO I AM I RUNNING IT? DO I PUSH THE BUTTON? ALL RIGHT.OKAY, MAYBE I'M PRESSING THE WRONG BUTTON. THAT ONE. CRAIG INTERNATIONAL, WE WANTED TO JUST SHOW YOU A LITTLE BIT. A LITTLE BIT OF PIQUE ABOUT THIS IS CRAIG RANCH. IN 2001, DAVID BOUGHT THE FIRST 1153 ACRES, I THINK IN SEPTEMBER OF OF 2000. AND THIS IS IT TODAY. YOU CAN SEE, AS DAVID ALWAYS SAYS, IT'S, YOU KNOW, OVERNIGHT SUCCESS 25 YEARS LATER. BUT IT'S JUST, IT'S JUST AMAZING TO SEE THAT, YOU KNOW, IT HAS AN A V VALUE NOW OF EXCESS OF $6 BILLION ON THE CITY'S TAX ROLLS. ALSO, WE HAD A CHANCE THAT WE WERE KIND OF LOOKING BACK AND KIND OF THE WHAT, WHAT REALLY THE FINGERPRINTS ON THE CITY THAT DAVID HAS HAD AND, AND KIND OF DAVID'S TEAM HAS HAD AND THIS IS THE SHOWING THE 45MI■!S OF TE CITY OF MCKINNEY AND ALL THE PROJECTS IN THE YELLOW HAVE EITHER BEEN BROKERED. PARTNERSHIP DEVELOPED BY THE CRAIG INTERNATIONAL TEAM, WHICH REPRESENTS GREATER THAN 30% OF THE CITY OF MCKINNEY THROUGH THE YEARS LONG HISTORY HERE WITH DAVID. THIS IS TRYING TO NOW HONING A LITTLE BIT INTO DISTRICT 121 IN THAT AREA. THIS WAS ONE OF THE FIRST PARTNERSHIPS OR THAT THAT REALLY BROUGHT THE CORPORATE CENTER TO LIFE IN A PUBLIC PRIVATE PARTNERSHIP, BRINGING IN HINMAN ROAD FROM ALMA, BRINGING IN GRAND RANCH FROM HIGHWAY 121 NORTH. AND THAT REALLY PROVIDED THE INFRASTRUCTURE TO START THIS AREA OFF. AND OF COURSE, YOU CAN SEE IN THE LIGHTER COLORED THERE, DISTRICT 121, WHICH WAS JUST A FIELD OF OF HAY.
DISTRICT 121 IS A, I THINK A CLASSIC EXAMPLE OF REALLY THAT LAST DOLLAR GOING IN TO MAKE A, A PROJECT COME TO REALITY. AND THIS LITERALLY IS THAT PIECE OF PAPER. THIS WAS DRAWN BY MYSELF.
AND, YOU KNOW, WE KNEW WE WANTED TO HAVE AN ANCHOR ON THE CORNER WITH THE OFFICE. WE WANTED TO HAVE A PARKING GARAGE. AND THEN WE THOUGHT THAT WOULD BE A GOOD SOUND ATTENUATION FOR THE PARK AND SURROUNDING IT BY CLASSIC RETAIL WITH RESTAURANTS, WHICH WE FELT WAS REALLY NEEDED IN THE CITY. AND THAT PIECE OF PAPER AND THE HELP OF THE MC. DC ONLY WAY THIS PROJECT WOULD HAVE EVER BEEN BEEN COMPLETED. THIS SHOWS AN OH ONE STARTING CONSTRUCTION ON THE RETAIL AND THE PARK. AND OF COURSE THE FINISHED PRODUCT, WHICH OF COURSE YOU ARE OFFICE BUILDING
[00:05:07]
IN THAT CORNER OFFICE AND LOVE, LOVE THIS AMENITY FOR THE CITY AND IT'S BEEN A GREAT PROJECT.I KNOW FOR FOR CRAIG INTERNATIONAL, OF COURSE, WE HAD THE GRAND OPENING, WE HAD THE BEST BAND IN THE WORLD, JUST HAPPENED TO BE PRESENT AND WE HAD A GREAT TIME AND WE WANTED TO SHOW YOU A LITTLE VIDEO.
TOO MANY TEAMS, SUPER FUN. WE'RE REALLY EXCITED TO BE HERE AND WE CAN'T WAIT TO TRY ALL THE ALL THE FOOD AND PLACES AROUND HERE. FOODS, GREAT. DRINKS ARE GREAT, PEOPLE ARE GREAT. THE ATMOSPHERE IS GREAT. THIS IS AWESOME. COME ON OUT. THE DISTRICT 121 YEAH, WE LOVE IT. CHEERS. 100 OH, HERE'S THE FABULOUS DAY. AN AMAZING LIVE MUSIC DISTRICT 121 HAS BEEN GREAT, I LOVE IT. LET'S DO IT AGAIN NEXT YEAR. YEAH. CHEERS. BOYS. FOREIGN NICE. AND THEN THEY WANTED ME TO TOUCH ON A LITTLE BIT. NOW LOOKING OUT INTO THE FUTURE. THIS IS A PROJECT WE'RE DOING IN THE OLD GLOBE LIFE OFFICE BUILDING. YOU KNOW, THEY'VE OF COURSE, MOVED TO CRAIG RANCH. WE'RE ENVISIONING A MIXED USE DEVELOPMENT THERE. AND JUST SO HAPPENS, WE'RE GOING TO DO A DISTRICT 121 LIKE PROJECT ON THE NORTH. YOU'LL SEE THAT ABUTS A PARK. AND WE'RE CERTAINLY LOOKING AT HOPEFULLY COMING INTO THE MC DC AT SOME POINT IN TIME AND TRYING TO RECREATE THAT DISTRICT. 121 IN THAT STONEBRIDGE DEVELOPMENT.
WE THINK IT JUST HAS A A GREAT OPPORTUNITY, AND WE'RE WORKING ON THE 300 ZERO ZERO ZERO SQUARE FOOT OFFICE AS WELL RIGHT NOW. AND OF COURSE, WE'VE BEEN WORKING NOW FOR THE J.W.
MARRIOTT, WHICH I KNOW THE MC D IS PLAYING A PART IN AS WELL. AND WE CONTINUE TO WORK THAT DAILY. ANYWAY, I APPRECIATE YOU AND GRANT. AGAIN, CONGRATULATIONS TO THE MC, DC.
THANK YOU. MILES. I LIKE THE WAY YOU GUYS PROGRESSED FROM A SCRATCH PIECE OF PAPER TO A BEAUTIFUL DRAWING. I MEAN, IF THAT'S THE WAY IT STARTS. YEAH. AND I LOVE THE FACT THAT I HAVE A COUPLE OF THOSE NAPKIN DRAWINGS MYSELF AND PROJECTS I'VE DONE. I LOVE WHEN THE FINISHED PRODUCT ENDS UP BEING PRETTY DARN CLOSE TO THE NAPKIN DRAWING. AMAZING. BUT MILES, THANK YOU. DAVID CRAIG, CRAIG INTERNATIONAL, THE WHOLE TEAM. YOU GUYS HAVE BEEN SUCH A HUGE PART OF MCKINNEY AND ITS DEVELOPMENT AND GROWTH AND ALWAYS IN A TREMENDOUSLY POSITIVE AND QUALITY OF LIFE ENHANCING WAY. AND ALL OF THESE, WHAT YOU JUST TOUCHED ON AND WHAT I KNOW IS TO COME UP AT THE OLD GLOBE, LIFE WILL JUST CONTINUE THAT FOR THE RESIDENTS
[26-0807 Update on McKinney Performing Arts Center (Courthouse Theater) Construction]
OF MCKINNEY. SO THANK YOU. 260807 UPDATE ON MCKINNEY PERFORMING ARTS CENTER. THE COURTHOUSE THEATER CONSTRUCTION PROJECT. ANDREW. GOOD MORNING, MC, DC BOARD CHAIR FULLER.ANDREW JONES, CULTURAL DISTRICT DIRECTOR HERE. I'M JUST GOING TO WANT TO GIVE A SNAPSHOT OF WHERE WE ARE IN THE PROJECT. WE'RE VERY EXCITED. SOME, YOU KNOW, NEW NEW PICTURES TO SHOW.
JUST AS KIND OF A REFERENCE POINT. I'D LIKE TO GO BACK IN TIME TO THIS IN 1927 HERE, THIS PHOTO, THIS IS WHERE WE WERE AT THE VERY START OF THE IN 2004, I BELIEVE, IS WHEN THIS PHOTO WAS TAKEN BEFORE THE OLD RENOVATION, JUST TO KIND OF SHOW YOU THE, THE, THE STATE OF THE BUILDING PRIOR TO THAT. AND THIS IS RIGHT BEFORE THE CONSTRUCTION AS WELL. WHAT WERE OUR GUIDING PRINCIPLES? I KNOW YOU'VE SEEN SOME OF THESE SLIDES, JUST THOUGHTFUL, HISTORIC PRESERVATION, IMPROVING THE CUSTOMER EXPERIENCE, AND THEN ULTIMATELY DRIVING ADDITIONAL TRAFFIC TO THE DISTRICT. AND THEN JUST KIND OF WHAT THE STATE OF THE BUILDING WAS PRIOR TO WHEN WE STARTED THE RENOVATION PROJECT. I LOVE THIS SLIDE WITH OUR MAYBE NOT SO BEAUTIFUL RESTROOMS HERE IN THE BASEMENT. AND HERE'S SOME OF THE RENDERINGS. SO WHAT I'M GOING TO GO THROUGH IS KIND OF START WITH THE RENDERINGS AND WE'LL KIND OF START ON THE EXTERIOR. THIS IS THE RENDERING OF THE SIGN, WHICH JUST GOT APPROVAL
[00:10:02]
FROM THE BOARD OF ADJUSTMENTS. WE'RE VERY EXCITED ABOUT THIS. THIS WILL BE YOU CAN SEE THERE'S A SIGN THAT SAYS THEATER ON THE RIGHT SIDE OF THAT. THAT'S IMAGE. HERE'S SOME OF THE EXTERIOR OF THE GROUNDS PROTECTING THROCKMORTON. YOU KNOW, SOME OF THE POSTS TO PROTECT TREES AND OTHER ITEMS THROUGHOUT THE SITE. WE'RE IN THE MIDDLE OF THE CLOCK RESTORATION, INCLUDING THE STAINED GLASS WINDOWS OR THE PANELS IN THE BACK OF THE CLOCK.WE'RE IN THE MIDST OF A LOT OF PLASTER REPAIR ALL THROUGHOUT. WE HAD LOTS OF CRACKING ON THAT BOTTOM LAYER AND GOING AROUND A LOT OF SPALLING ON THE KIND OF CAST STONE IN THE CONCRETE. AND SO THIS IS ACTUALLY SHOWING YOU AFTER THE REPAIRS. SO ON THE DECORATIVE PIECES THERE HERE YOU SEE KIND OF SOME OF THE EXAMPLES OF THE WOOD RESTORATION. ALMOST EVERY WINDOW IS GETTING TOUCHED IN THIS BUILDING. AND SO THAT'S KIND OF A PAINSTAKING PROCESS THERE. HERE'S SOME OF THE EXTERIOR AND INTERIOR PAINT MOCK UPS. SO THE EXTERIOR ON THE PLASTER PORTION. SO THAT'S THAT LOWER LEVEL IS THAT DARKER GREEN. AND THEN THE LIGHTER GREEN ON THE WINDOWS. AGAIN, THIS WAS FOUND OUT THROUGH SOME HISTORIC ANALYSIS PAINT ANALYSIS. AND THEY FOUND THE ORIGINAL COLORS FROM THE FROM THE EARLY 20S OR LATE 20S, EARLY 30S ON THE BUILDING. SO HERE'S SOME OF THAT GREEN UP ON THE WALL, JUST ON THE PLASTER PORTION. AND THEN WE'LL GO INTO THE INSIDE OF THE BUILDING. HERE'S THE RENDERING OF THE MAIN HALLWAY DOWNSTAIRS. HERE ARE SOME OF THE LOBBY ELEMENTS WITH OUR INTERNAL FINISHES. AS WELL AS INSIDE THE THEATER. AND THEN THIS IS KIND OF WHERE WE'RE AT RIGHT NOW WITH A LOT OF PLASTER REPAIR ON THE CEILING, A LOT OF CEILING REPAIR HAPPENING. THESE ARE NEW FLOORS AS WELL AS KIND OF A MOCK UP. THIS IS AFTER THEY'VE SANDED AND KIND OF RESTORED RE MADE THIS DOOR ESSENTIALLY GET IT READY FOR NEW PAINT OR NEW STAIN. SORRY. HERE'S AGAIN SOME DETAILING HERE FOR THE ELEVATOR CAB. SO WE'RE ADDING TILE INTO THERE REMINISCENT OF THE TILE IN THE MAIN HALLWAY. SO WE HAD THE THEATER THAT WE HAD AN ORGAN IN THERE OCCUPIED FOR ABOUT THREE AND A HALF ROOMS IN THE BUILDING. SO WE FOUND A NEW HOME FOR THAT AT THE TEXAS THEATER IN MCGREGOR, TEXAS, WHICH IS REALLY EXCITING. NICE. NOT ONLY DO WE SAVE THE CITY MONEY, WE GOT IT OUT IN A FAST TIME, SO IT WAS A REALLY GREAT WIN WIN. SO HERE'S THOSE THE RESTROOM KIND OF RENDERING. WE HAD A COUPLE OF CHANGES TO KIND OF THE TILE PLAN, WHICH I'LL SHOW HERE. BUT DEMO, HERE'S SOME OF THE, YOU KNOW, GETTING READY TO PUT UP, PUT UP A NEW PLASTER AND. AND HERE YOU GO. IT'S KIND OF THE WALLS ARE KIND OF ARE GETTING CLOSE TO BEING FINISHED. AND HERE'S SOME OF THE TILE WORK THAT IS PLANNED FOR ALL THE RESTROOMS THROUGHOUT THE BUILDING. MOVING INTO THE THEATER, IF YOU REMEMBER, THIS IS KIND OF THE FRONT STAGE FROM THE BALCONY. HERE'S THE HISTORIC JUDGE'S BENCH IN THE BACK BEING TURNED INTO THE THE BAR. HERE'S WHAT IT WAS PRIOR TO THE DEMO. YOU CAN SEE THE RAILING THAT SEPARATED THE COURTROOM AUDIENCE FROM THE COURTROOM PROCEEDINGS, AS WELL AS THE JURY JURY BOX IN THE MIDDLE. SOME DETAILING THERE. SO WE'RE EXCITED TO TAKE THE THE ACTUAL RAIL AND USE THAT AS THE FRONT OF THE STAGE. AND THIS IS ALSO THE JUDGE'S BENCH AND THE WITNESS STAND. THIS IS LOOKING BACK. WE'RE KIND OF GOING TO GO THROUGH THROUGH TIME A LITTLE BIT HERE. THIS IS THE BACK OF THE. SO WE REALLY OPENED UP THE COURTROOM. YOU CAN SEE HOW WE HAD MULTIPLE STEPS IN THE BACK. WE HAD THESE KIND OF DIVIDING WALLS IN THE BACK. THAT'S ALL BEEN REMOVED. AND THEN THIS IS THE FLOOR. WE'RE REALLY LEVELING THE FLOOR IN THE BACK TO MAKE IT ALL ADA ACCESSIBLE. SO YOU'LL GO FROM CROSSING POTENTIALLY, OR WHAT WE HAD WAS FOUR THRESHOLDS TO HIT THE BACK OF THE THEATER TO NOW JUST EVEN ADA PATH. AND HERE'S THE NEW BEAMS. THIS IS SCAFFOLDING THAT WAS CONSTRUCTED TO WORK ON THE CEILING IN THE THEATER. AND THIS IS WHAT IT LOOKS LIKE THERE. IT'S PRETTY INCREDIBLE VIEW. SO A LOT OF NEW SHEETROCK
[00:15:09]
PLASTER REPAIR ON THE RIGHT. SO WE'RE GETTING INTO A REALLY FUN PART WHERE WE GOT THE STENCILS COMING BACK UP. THIS IS YOU HAVE THE NEW YELLOW THROUGHOUT THE COURTROOM THEATER. AGAIN, THIS WAS THE ORIGINAL COLOR. THEY FOUND SOME DETAILING THERE. AND THIS IS KIND OF AGAIN, A LOOK FROM THE OTHER SIDE. AND THEN HERE WE HAVE KIND OF A SNEAK PEEK OF OUR NEW BRANDING.SO WE ARE REOPENING AS THE COURTHOUSE THEATER. AND WITH THAT, WE'RE LOOKING AT A MID TO LATE DECEMBER FOR ESTIMATED SUBSTANTIAL COMPLETION. I STAND FOR ANY QUESTIONS. WHAT A GREAT PROJECT. ANDREW. AWESOME. GREAT PROJECT. ANDREW. HOW THIS IS GOING TO AFFECT OKTOBERFEST? WELL, JUST LIKE ARTS IN BLOOM, WE'VE WE'VE MADE ADJUSTMENTS. THE BUILDING WILL NOT BE OPEN, OBVIOUSLY FOR OKTOBERFEST, BUT A LOT MORE PUBLIC RESTROOMS THROUGHOUT THE SPACE. AND THEN WE'RE WE HAVE KIND OF LOCATED OUR OPERATIONS OVER AT FIRST UNITED METHODIST CHURCH. THE.
THEY HAVE. THE CHURCH STREET AUDITORIUM IS GOING TO BE KIND OF OUR MAIN BASE. YEAH. THAT'S GREAT. THANK YOU. YEAH. LOVE THE NEW BRANDING. IT'S REALLY IT REMINDS ME OF THE TIME FRAME IN WHICH YOU'RE RESTORING THE, THE BUILDING TO. SO THAT 19 2030S TIME FRAME. SO I THINK IT'S REALLY CONSISTENT. GREAT JOB ON THAT. THANK YOU. APPRECIATE IT. THANK YOU. ALL
[CONSENT ITEMS]
RIGHT. NEXT IS CONSENT AGENDA. THIS PORTION OF THE AGENDA CONSISTS OF NONCONTROVERSIAL HOUSEKEEPING ITEMS REQUIRED BY LAW. ITEMS MAY BE CONSIDERED INDIVIDUALLY BY THE BOARD OR COMMISSION MEMBER MAKING SUCH REQUESTS PRIOR TO A MOTION AND VOTE ON THE CONSENT ITEMS. IF THERE'S NOT AN ITEM ANYONE WANT TO PULL DOWN TO DISCUSS, I'D ENTERTAIN A MOTION. I MOVE THAT WE ACCEPT THE CONSENT ITEMS. I'LL. SECOND, PLEASE CAST YOUR VOTES. ALL RIGHT. REPORTS[26-0812 Financial Report]
260812 FINANCIAL REPORT. GOOD MORNING, CHANCE MILLER, ASSISTANT FINANCE DIRECTOR. WE ARE GOING OVER THE NINTH MONTH OF THE FISCAL YEAR, SO 75% OF THE WAY THROUGH WE'LL TOUCH ON THE INCOME STATEMENT. FIRST. WE RECEIVED ALMOST $2.4 MILLION. THE MAJORITY OF THAT CAME FROM SALES TAX REVENUE. SALES TAX REVENUE WAS SLIGHTLY OVER 2.1 MILLION. LOOKING AT EXPENDITURES, WE HAD 54,000 AND OPERATIONAL EXPENSES, 350,000 AND PROJECT EXPENSES, THEN 70,000 NON-DEPARTMENTAL TOTALING 466,000 FOR JUNE. LET'S TALK ABOUT SALES TAX. SO THIS IS MONEY WE RECEIVED IN JUNE BUT APPLIES TO APRIL SALES. SO GOING A LITTLE BIT BACK. BUT WE HAD A REALLY STRONG MONTH. WE SAW AN 8.6% INCREASE OVER LAST YEAR. THAT BRINGS OUR YEAR TO DATE UP TO 5.5%. ALLEN SAW 28% INCREASE. FRISCO SAW A 7% INCREASE IN PLANO SAW A 9% INCREASE. I WILL SAY PLANO HAD AUDIT COLLECTIONS THAT HELPED THEM. THEIR TRUE PERIOD TO PERIOD INCREASE WAS 3%. AND IF WE TOUCH ON. SO NOW THAT WE'RE NINE MONTHS INTO THE FISCAL YEAR, THIS CHART LOOKS PRETTY SIMILAR MONTH TO MONTH UNLESS SOMETHING DRASTIC HAPPENS. AND SO THIS LOOKS ALMOST IDENTICAL TO LAST MONTH'S. THAT RETAIL TRADE STAYED STRONG ACCOMMODATION FOOD SERVICES. SO THERE'S NOTHING REALLY CONCERNING. WE'VE ALREADY TALKED ABOUT UTILITIES AND THAT AUDIT COLLECTION IN THE PAST. THE OTHER THING I WAS GOING TO COMMENT GOING BACK TO THIS PAGE, AS YOU CAN SEE, THAT YEAR TO DATE, WE'RE UP TO 5.5%. AND WE CHANGED OUR YEAR. FOR THIS CURRENT FISCAL YEAR, WE ARE IN TO EXPECTING IT TO END AT 5.5%.SO WE BUDGETED THREE. SO WE'RE EXPECTING TO END UP 5.5% THIS YEAR. THE NEXT YEAR'S BUDGET FOR 2027, WE'RE EXPECTING A 3.5% INCREASE IS WHAT IS BUDGETED. SO SAYING THAT I'LL BE HAPPY TO ANSWER ANY QUESTIONS. ANY QUESTIONS FOR CHANCE. THANK YOU SIR. THANK
[26-0813 Board and Liaison Reports Board Chair City of McKinney Visit McKinney McKinney Economic Development Corporation McKinney Main Street/MPAC McKinney Parks and Recreation]
YOU. ALL RIGHT. MOVE TO BOARD AND LIAISON REPORTS. FIRST TO BE BOARD CHAIR REPORT. IT'S BEEN ANOTHER BUSY MONTH FOR MCDC AND OUR BOARD MEMBERS APPRECIATE EVERYONE CONTINUING TO BE SO ENGAGED THROUGHOUT THE COMMUNITY. OVER THE PAST MONTH, MCDC WAS REPRESENTED AT THE LEADERSHIP MCKINNEY RECEPTION DRUM CORPS INTERNATIONAL MIS D'S NEW TEACHER EVENT, THE MCKINNEY POLICE ASSOCIATION MASTERS OF POKER FUNDRAISER, WHICH I BELIEVE THEY BROKE ALL RECORDS. IS THAT CORRECT? AND FUNDRAISING. THE NEIGHBORHOOD HUB GROUNDBREAKING, WHICH IS, I THINK, AN EXCITING PROJECT AND THE GRACE TO CHANGE. I THINK CINDY PROVED TO BE THE MOST ARTISTIC OF US ALL, AS ALWAYS. BUT YEAH, HOPEFULLY THEY ARE OKAY WITH THE WORK THAT WE WE[00:20:06]
DID THAT DAY. WE ALSO SAW THE PRODUCTION MCKINNEY REPERTOIRE THEATER'S SUSAN COLE JUNIOR, THE MAIN STREET MERCHANTS MEETING, THE GATHER VIP RECEPTION AND HABITAT FOR HUMANITY'S FIVE PLEX KICK OFF. THESE EVENTS REALLY REFLECT THE BREADTH OF WHAT MCKINNEY COMMUNITY DEVELOPMENT CORPORATION IS ABOUT SUPPORTING QUALITY OF LIFE, STRENGTHENING COMMUNITY PARTNERSHIPS, ENCOURAGING ECONOMIC VITALITY, AND INVESTING IN THE ORGANIZATIONS AND PEOPLE THAT MAKE MCKINNEY A GREAT PLACE TO LIVE. SO THANK YOU TO ALL THE BOARD MEMBERS AND STAFF FOR CONTINUING TO ALWAYS BE ENGAGED OUT IN THE COMMUNITY. AND WITH THAT, GO TO CITY OF MCKINNEY. I DON'T SEE PAUL. HERE IS, OH, BARRY TRADED UP TODAY. I'M SORRY. THAT WAS MY OUTSIDE VOICE. OPINIONS ON THAT VERY I SEE YEAH. PAUL SENDS HIS REGRETS. HE IS OUT OF TOWN ON AT A TRAINING EVENT. SO HE ASKED ME TO STAND IN FOR HIM. I DON'T HAVE ALL THE BREADTH OF KNOWLEDGE OF WHAT HE WOULD BRING, BUT I CAN SHARE WITH YOU SOME UPCOMING THINGS. SO NEXT WEEK AT OUR CITY COUNCIL MEETING ON SEPTEMBER 1ST, STARTING WITH THE WORK SESSION, WE DO HAVE A DISCUSSION ON THE CITY'S REFORESTATION FUND AND THE PLAN FOR THOSE FUNDS, SOME PROPOSED CHANGES. SO A LOT OF PEOPLE DON'T KNOW WE HAVE THIS FUND, BUT AS DEVELOPERS HAVE TO REMOVE TREES, SOME OF WHICH ARE ALLOWED, SOME OF WHICH ARE NOT ALLOWED, THEY, THEY THEY CAN PAY INTO THIS FUND THAT THEN GETS TURNED AROUND. AND WE, WE PLANT TREES ON CITY PROPERTIES ACROSS THE COMMUNITY TO, TO ADD TO THE TREE CANOPY. THEY'RE LOOKING TO MAKE SOME, EXCUSE ME, SOME KEY CHANGES TO THAT REALLY IN HOW WE CAN EXPEND THOSE FUNDS. AND THE BIG THING THAT IS GOING TO BE TO CHANGE IS THE STAFF IS PROPOSING A, A PROGRAM WHEREBY THE CITY CAN USE THOSE FUNDS TO REPLACE TREES THAT ARE REMOVED DURING CIP PROJECTS. SO IF THERE'S A STREET WIDENING OR A SIDEWALK INSTALLED AND IT HAS TO TAKE DOWN SOMEONE'S TREE, RATHER THAN JUST SAYING, SORRY, WE HAD TO TAKE DOWN YOUR TREE, WILL NOW BE ABLE TO OFFER THEM A VOUCHER THAT WILL ALLOW THEM TO PURCHASE TREES TO REPLANT ON THEIR PROPERTY. SO A BETTER USE OF THOSE FUNDS, NOT MUCH ELSE ON THE WORK SESSION, BUT ON THE REGULAR MEETING. THIS IS OUR FIRST MEETING IN SEPTEMBER, WHICH MEANS IT'S BUDGET SEASON. WE'VE BEEN WORKING ON THE BUDGET FOR A LONG TIME. THE THE REGULAR AGENDA WILL HAVE A NUMBER OF ITEMS RELATED TO BUDGET ADOPTION, INCLUDING THE SETTING, THE TAX RATE, WHICH IS A FLAT TAX RATE FROM LAST YEAR, WHICH IS 0.1 OR 4 1228 $4 PER $100 VALUATION. THE MEDIAN HOME VALUE THIS YEAR HAS ACTUALLY DECREASED FROM 534,000 TO 518,000, MEANING THE AVERAGE TAXPAYER IS GOING TO SEE A REDUCTION IN THEIR CITY TAXES FROM OR NOT. AVERAGE, MEDIAN HOUSE HOME HOUSEHOLD WOULD GO FROM $2,200 TO 2150. SO A REDUCTION IN THEIR CITY TAXES THIS YEAR. WITH THAT, THEY ARE PROPOSING ALL OF THE THINGS THAT COME WITH IT. SO WE HAVE TO ADOPT THE TAX RATE. WE HAVE TO RATIFY THE TAX RATE INCREASE. WE ALSO HAVE TO ADOPT OUR RATES AND AND FEES FOR THE YEAR. SO YOU'LL SEE ALL THOSE ON THE REGULAR AGENDA THIS WEEK. THE OTHER THING WE HAVE COMING UP, IF I'M UP HERE YOU KNOW I HAVE I'M CONTRACTUALLY REQUIRED TO SPEAK ON THE AIRPORT. SO I THOUGHT I'D GIVE YOU A LITTLE STATUS UPDATE ON WHERE WE ARE. A LOT OF MOVING PARTS. I KNOW WE'RE GOING TO TALK MORE LATER ABOUT FINANCING, BUT JUST SORT OF ON THE CONSTRUCTION SIDE AND SOME OF THE OTHER THINGS GOING ON. SO WE HAD OUR OUR SAFETY PLAN APPROVED BY THE TSA. SO THAT'S ONE BIG STEP IN THE IN THE LINE OF MANY BIG STEPS, WE HAVE TO TAKE OUR EMERGENCY OPERATIONS DEPARTMENT. THEY WERE ABLE TO HOLD A TABLETOP EXERCISE, EMERGENCY PREPAREDNESS EXERCISE. AND NEXT MONTH, THEY'RE ACTUALLY GOING TO HAVE A LIVE ON AIRPORT FIELD EXERCISE WHERE WE'RE BRINGING IN ALL OF OUR PUBLIC SAFETY PERSONNEL, OUR AIRPORT PERSONNEL, OUR LOCAL HOSPITALS, OUR NEIGHBORING COMMUNITIES. AND WE GO THROUGH A FULL SCALE EXERCISE AS IF THERE WAS AN EMERGENCY. IN THIS CASE, THERE WILL BE TWO CONCURRENT EMERGENCIES UNRELATED. SO IT'S A REALLY BAD DAY IF THOSE THINGS ALL HAPPEN AT THE SAME TIME. WE ARE HOPING TO HAVE OUR TCO TEMPORARY CERTIFICATE OF OCCUPANCY HERE IN MID SEPTEMBER, WHICH WILL ALLOW ALL OF OUR VENDORS, TSA, AIRLINE RENTAL CARS TO GET IN THE BUILDING AND START INSTALLING THEIR EQUIPMENT. SO THAT'S A BIG STEP FOR US. THE FURNITURE IS STARTING TO ARRIVE, SO WE'RE STORING SOME OF THAT. WE SELECTED TWO MURALISTS, LOCAL ARTISTS WHO ARE GOING TO BE PAINTING MURALS, ONE INSIDE THE BAGGAGE CLAIM ROOM AND ONE OUT ON THE ENTRY FEATURE AS YOU DRIVE INTO THE AIRPORT. SO THOSE ARE EXCITING. THEY'LL START THEIR WORK HERE IN THE NEXT WEEK OR TWO, AND THEN JUST A NUMBER OF VENDORS. WE'VE SELECTED A PARKING VENDOR WHO WILL MANAGE PARKING AT THE AIRPORT. WE ARE IN THE PROCESS OF CHOOSING CONCESSIONAIRES, OUR VENDING MACHINES, YOU NAME IT. THERE'S A LOT OF VENDORS[00:25:06]
OUT THERE. AND THEN OF COURSE, TWO CDC MEETINGS FROM NOW, WE WILL HAVE ACTIVE FLIGHTS AT THE AIRPORT. SO THE FIRST FLIGHT IS SCHEDULED FOR NOVEMBER 11TH, AND WE'RE ON TRACK TO MEET THAT DEADLINE. SO EXCITING. IT'S KIND OF ALL HANDS ON DECK, FULL SPRINT TO GET TO THE FINISH LINE. BUT THINGS ARE MOVING ALONG VERY WELL AT THE AIRPORT, AND I'D STAND FOR ANY QUESTIONS ON THAT OR ANY OTHER ITEMS FOR THE CITY. THANK YOU. THANK YOU. VISIT MCKINNEY. I KNOW AARON IS TRAVELING, BUT HIS REPORT OH NO, NO YOU'RE NOT. THIS IS OUTDATED. AARON IS TRAVELING. IT'S TRAVELING FROM A SEAT TO THE PODIUM. I HAVE MADE IT, I HAVE ARRIVED. THANK YOU, MR. CHAIR.MADAM PRESIDENT, MEMBERS OF THE BOARD. AARON WARNER, EXECUTIVE DIRECTOR AT VISIT MCKINNEY. A COUPLE QUICK UPDATES FOR YOU AS WE WRAP UP THE END OF THE FISCAL YEAR. OUR TEAM IS TAKING ON A WEBSITE MIGRATION AND CHANGING UP THE VISIT MCKINNEY WEBSITE. IT'S A BIG LIFT FOR OUR TEAM, BUT ONE OF THE REASONS FOR THIS IS THE WAY PEOPLE INTERACT WITH WEBSITES TODAY IS VERY DIFFERENT THAN WHAT IT WAS EVEN A YEAR AGO. THE WAY PEOPLE GET INFORMATION COMING FROM THE CHAT AND THE CLODS AND ALL THE THINGS OF THE WORLD IS, IS CHANGING HOW PEOPLE LAND ON SITES. AND SO WE WANT TO STAY CUTTING EDGE AND INNOVATIVE IN HOW WE PROVIDE THAT INFORMATION FOR THE COMMUNITY. SO WE'VE ACTUALLY PARTNERED A PRETTY COOL PROJECT WITH A LOCAL FOUNDER HERE IN MCKINNEY WHO STEPPED INTO THE TOURISM WEBSITE SPACE. AND HE'S CREATING REALLY A FIRST OF ITS KIND, AT LEAST IN OUR INDUSTRY TYPE OF DEMO SITE. FOR US, THAT'S VERY MUCH A TRIP BUILDER. PLAN YOUR OWN EXPERIENCE, A LOT OF REALLY COOL INTERACTIVE WAYS TO GET THE EXPERIENCE. MCKINNEY. THAT FITS YOUR NEEDS, ALL THE WHILE FEEDING THESE BIG MODELS, THESE BIG LMS THAT PROVIDE INFORMATION TO YOU OFF THE SITE. AND SO WE'RE REALLY EXCITED ABOUT THE PROJECT. IT'S A, IT'S A LOT TO TAKE ON. SO KUDOS TO OUR MARKETING TEAM AND WHAT THEY'RE DOING. AND THAT SHOULD BE READY TO GO OCTOBER 1ST AT THE BEGINNING OF THE NEW FISCAL YEAR. SO WE'LL SHOW YOU GUYS AT THAT POINT, I KNOW ANDREW WENT THROUGH A BIG RENOVATION PROJECT. THERE'S A LOT OF PROJECTS HAPPENING IN DOWNTOWN. WE JUST DECIDED TO ADD ONE MORE TO THE LIST AND SO VISIT MCKINNEY. WE HAD SOME MAINTENANCE WE NEEDED TO DO ON OUR BUILDING. WE HAD TO TAKE CARE OF A COUPLE THINGS, AND ALL THE WHILE WE WERE GOING TO DO A QUICK RENOVATION ON THE OFFICE SPACE BEHIND THE STOREFRONT WALL. SO OFFICIALLY, AS OF FRIDAY, THE MOVERS WILL MOVE ALL OF OUR STUFF OUT. THE STORE IS HOPEFUL TO STAY OPEN AS MUCH AS POSSIBLE THROUGH THE PROCESS, BUT WE WILL KEEP OUR WEBSITE AND OUR SOCIAL MEDIA ACCOUNTS UPDATED ON WHEN THAT NEEDS TO CLOSE, JUST TO DO CERTAIN CONSTRUCTION PROJECTS, AND WE WILL SEE. BUT WE'RE HOPING FOR A TWO MONTH PROJECT. WE WILL TAKE ALL YOUR THOUGHTS AND PRAYERS ON THAT BECAUSE WE WANT TO BE OPEN FOR THE HOLIDAY SEASON. LASTLY, THE MARKETING TEAM FOR MCKINNEY HAS EXPLORED WITH WESLEY AND AUSTIN BASED TRAVEL INFLUENCER IN TOWN RIGHT NOW, AND SO THEY HAVE A ROBUST ITINERARY FOR HIM, AND HE'S TRAVELING AROUND MCKINNEY AND GOING TO SHOWCASE SOME REALLY COOL THINGS FOR HIS FOLLOWERS. SO IF YOU DON'T FOLLOW EXPLORE WITH WESLEY, PLEASE DO. AND WITH THAT, I'LL STAND FOR ANY QUESTIONS. ANY QUESTIONS. THANK YOU, THANK YOU, I APPRECIATE IT. MCKINNEY ECONOMIC DEVELOPMENT CORPORATION, MR. MAJKOWSKI GOOD MORNING, MR. CHAIRMAN. MADAM PRESIDENT, BOARD MEMBERS, LET'S KICK IT OFF WITH SOME GOOD NEWS HERE. WE HAVE FILLED OUR POSITION. OUR NEW SVP MEDIC WOULD BE MR. AARON WARNER. A NATIONWIDE SEARCH HAD OVER 150 APPLICANTS FROM AROUND THE COUNTRY. THE RECRUITER NARROWED IT DOWN TO THE TOP 13. OF THOSE, 13, EIGHT WERE THE NUMBER ONE IN THEIR SHOP. THINK ABOUT THAT.
NUMBER ONE IN ECONOMIC DEVELOPMENT ORGANIZATION, OR AS IT WERE, A VISIT MCKINNEY TYPE ORGANIZATION WHO WANTED TO JOIN THE MCKINNEY TEAM AS, IN ESSENCE, THE NUMBER TWO. THAT SPEAKS VOLUMES ABOUT WHAT MCKINNEY IS DOING AND HOW WE'RE ATTRACTING GREAT TALENT. ALL THAT TO BE SAID, AARON SHINED THE BRIGHTEST UNANIMOUS DECISION AMONGST ALL PANELS. SO HE STARTS SEPTEMBER 21ST. SO MY FRIEND, CONGRATULATIONS AGAIN. YEAH. SO HERE'S WHAT HE'S JOINING. HE'S JOINING I WOULD THINK AN AWARD WINNING TEAM. RIGHT. AND HERE'S SOME AWARDS WE RECENTLY WON. I'M GOING TO GO TO THE GLASSES HERE. WE RECENTLY WON WITH THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL. SO WE COMPETE WITH CITIES BETWEEN 200,000 AND 500,000 NOW ACROSS THE COUNTRY. FIRST AWARD WAS A ACKNOWLEDGMENT OF OUR PARTNERSHIP WITH THE CITY OF ALLEN. IF YOU RECALL, WE REBRANDED 121 CORRIDOR THAT WE SHARE WITH CITY OF ALLEN AS 121 NORTH. WE RECEIVED A SILVER MEDAL FOR COOPERATION ACROSS BORDERS. THAT'S A HUGE WIN FOR US. SECOND, WE DEVELOPED A WEBSITE DURING THE BYRON NELSON
[00:30:01]
THAT JUST FOCUSED ON OUR RESTAURANT SCENE. WE HAD SO MANY PEOPLE OUT OF TOWN COMING THAT WE CREATED A WEBSITE FOR OUR GUESTS, BE ABLE TO ENGAGE WITH AND KIND OF FIND THE RESTAURANTS THAT FIT THEIR, THEIR INTERESTS. AT THAT TIME, WE WON ANOTHER AWARD FOR PRINT BROCHURE, AND THE LAST ONE IS OUR PODCAST. SO WE WALKED AWAY WITH FOUR MAJOR AWARDS IN FOUR DIFFERENT CATEGORIES. AND THEN I ALSO WANT TO SHARE SOMETHING ABOUT WHAT'S HAPPENING AROUND VENUE. WE ALL KNEW THERE WOULD BE A POSITIVE RIPPLE EFFECT ACROSS THE COMMUNITY, BUT CERTAINLY AROUND VENUE. THE SHERATON HOTEL IS GOING THROUGH A MAJOR RENOVATION. THEY'RE INVESTING IN UPDATING THE ROOMS, UPDATING THE HOSPITALITY EXPERIENCE WHEN YOU WALK IN NEW RESTAURANT. SO AGAIN, WE TALK ABOUT DIRECT AND INDIRECT VALUE OF THESE PROJECTS. THAT'S AN INDIRECT ONE THAT WE'RE SEEING THAT WE'RE VERY PROUD OF. SO AARON AND I HAD A CHANCE TO VISIT AND CHECK OUT MAYBE 3 OR 4 ROOMS. THEY'VE REDONE SO FAR TO GET APPROVAL FROM MARRIOTT, AND THEY HOPE TO HAVE THAT DONE BY THE FIRST QUARTER OF NEXT YEAR. SO, MISTER CHAIR, I'LL STAND FOR ANY QUESTIONS. ANY QUESTIONS? JUST CONGRATULATIONS. THAT'S AWESOME. SO KUDOS TO YOU GUYS FOR YOUR AWARDS OF COURSE. AND YOU ARE AN AWARD WINNING TEAM AND EXCITED TO HEAR ABOUT AARON'S PROMOTION. ACTUALLY HEARD ABOUT IT IN THE VISIT MCKINNEY BOARD MEETING THE OTHER DAY AND HAVING SERVED AS LIAISON TO VISIT MCKINNEY, I JUST KNOW THAT YOU WILL SHINE AS BRIGHTLY IN YOUR NEW POSITION AS YOU HAVE WITH VISIT MCKINNEY. SO VERY EXCITED FOR YOU GUYS AND YOUR WHOLE TEAM. THANK YOU. ALL RIGHT. THANK YOU. ANDREW. I'M GOING TO COME BACK UP FOR MCKINNEY MAIN STREET. THANK YOU SIR. THIS WILL BE A QUICK UPDATE. WE HAVE A COUPLE OF CONSTRUCTION UPDATES. DEMO OF CITY HALL IS NEARING COMPLETION. THEY STILL GET A LITTLE BIT OF HOLE IN THE GROUND TO FILL WITH SOME NEW FILL. AND THEN DEVELOPMENT SERVICES IS WELL UNDER WAY. IF YOU HAVEN'T DRIVEN PAST THAT, IT'S PRETTY AMAZING TO SEE THAT IN PROGRESS. HOPEFULLY TO WRAP THAT UP BY OKTOBERFEST, THE WATER TOWER RESTORATION PROJECT RIGHT NOW. NEXT PHASE IS LIGHTING UP LIGHTING FOR THAT, AND THAT SHOULD ALSO BE WRAPPED UP BEFORE OKTOBERFEST. WE'VE HAD A VERY BUSY AUGUST WITH SOME PROMOTIONAL EVENTS, BOTH THE CAR SHOW AND KIND OF A NIGHT MARKET THAT WE LAUNCHED. THIS UPCOMING SATURDAY, WE HAVE OUR THIRD ANNUAL SCAVENGER HUNT. THIS IS A REALLY FUN FAMILY EVENT. WE HAVE A GRAND PRIZE OF OVER 2500. THIS IS LIKE AN OUTDOOR KIND OF ESCAPE ROOM, IF YOU LIKE, AS WELL AS KIND OF A GAMES FOR KIDS AND LITTLE TOKENS THAT THEY CAN FIND IN DIFFERENT PLACES THROUGHOUT THE PARKS. THIS YEAR IT IS AN ART THEME. SO WE'RE CELEBRATING KIND OF THE PUBLIC ART THAT WE HAVE IN DOWNTOWN AS A PART OF THE WHOLE SCAVENGER HUNT. AND LAST BUT NOT LEAST, WE ARE GEARING UP FOR MCKINNEY OKTOBERFEST. IT'S CRAZY. IT'S ABOUT A MONTH AWAY THIS YEAR.IT'S SEPTEMBER 25TH THROUGH 27TH. I KNOW YOU ALL WILL ALL BE THERE, I APPRECIATE IT. AND THIS YEAR, YOU KNOW, WE'VE ALREADY SEEN A LOT OF ENTHUSIASM AND SUPPORT FOR THIS, INCLUDING A RECORD SPONSORSHIPS ALREADY FOR THIS EVENT, WHICH IS AWESOME. WITH THAT, I'LL STAND FOR ANY ADDITIONAL QUESTIONS. QUESTIONS? JUST ONE COMMENT. THE. THE TWO PROJECTS YOU'VE TALKED ABOUT TODAY, RIGHT? THE COURTHOUSE REMODEL AND THEN YOU JUST MENTIONED THE WATER TOWER AS WELL, REPRESENT BALLPARK TOTAL INVESTMENT, ABOUT 15, ABOUT $15 MILLION, $15 MILLION BEING REINVESTED INTO THE JEWEL OF MCKINNEY, WHICH IS THE DOWNTOWN AREA. I THINK IT'S GOING TO LOOK INCREDIBLE. IT'S A HISTORIC RENOVATION. SO, YOU KNOW, IT'S BRINGING BACK TO WHAT WHAT IT LOOKED LIKE 100 YEARS AGO. SO REALLY EXCITED AND JUST WANTED TO HIGHLIGHT THE AMOUNT OF INVESTMENT THAT MCKINNEY THROUGH SOME CDC FUNDS, BUT MOSTLY BOND FUNDS, IS PUTTING BACK INTO DOWNTOWN. THANK YOU SIR. ANY OTHER COMMENTS? THANK YOU. MCKINNEY PARKS AND RECREATION. AMY. GOOD MORNING CHAIR. MADAM PRESIDENT, MEMBERS OF THE BOARD. AMY KINCAID, DIRECTOR OF PARKS AND REC. WE ARE WRAPPING UP SUMMER. IT FEELS LIKE IT'S BEEN A LONG SUMMER. HOT SUMMER. WE HAVE TWO MORE WEEKENDS OF THE OUTDOOR POOLS BEING OPEN, SO IF YOU WANT TO GO ENJOY THEM, YOU HAVE TWO MORE WEEKENDS TO DO SO. THE SPLASH PADS WILL REMAIN OPEN UNTIL OCTOBER 1ST. SO JUST A SIDE NOTE ON THAT. SOME UPDATES ON CONSTRUCTION. IRWIN PARK HAS OFFICIALLY STARTED, WHICH IS VERY EXCITING TO SEE. WE'RE LOOKING AT HOPEFULLY ABOUT A 12 TO 14 MONTH CLOSURE. HOPEFULLY TOWARDS THE END OF THAT, WE'LL BE ABLE TO OPEN SECTIONS OF IT UP, BUT THAT'S YET TO BE DETERMINED. DEPENDING ON SAFETY
[00:35:05]
WILL BE THE FIRST THING THAT WE LOOK AT WHEN WE MAKE THOSE DECISIONS. ALSO, GRADY LITTLEJOHN HAS STARTED CONSTRUCTION. YOU'LL START SEEING MORE AND MORE OF THAT BEING PHRASED AS TOWNE LAKE PHASE ONE B, BECAUSE WE LIKE TO GROUP THESE PROJECTS TOGETHER, BECAUSE TRULY THAT WHOLE SECTION IS GOING TO BE PHASE ONE. PHASE ONE A WAS THE LIGHT PARK THAT WAS COMPLETED IN DECEMBER OF 25. B IS GRADY LITTLEJOHN, AND THEN C IS GOING TO BE THE BOB AND BARBARA DOG PARK AND PLAY ZONE. SO YOU'LL START HEARING THAT REFERENCE MORE. SO I JUST WANT TO MAKE SURE THAT YOU GUYS ARE AWARE OF THAT. SO GRADY LITTLEJOHN IS STARTING CONSTRUCTION. SO THAT WILL BE PROBABLY ABOUT A HOPEFULLY BY FALL OF NEXT YEAR WE'LL GET THAT COMPLETED. OF COURSE, ADDING SHADE STRUCTURES AND JUST THE GUEST EXPERIENCE WILL BE MUCH NICER THERE. WHAT PARK BIDS OPEN LAST WEEK, WHICH IS SUPER EXCITING. WE RECEIVED 16 BIDS, SO WE ARE UNDER REVIEW OF THOSE. WE ARE TAKING THAT TO PARK BOARD AND THEN WE'LL IT'LL BE GOING TO COUNCIL NEXT MONTH. SO THAT WILL BE A GREAT PROJECT TO MOVE FORWARD. THE AWARD FOR THE CONTRACT FOR TOWNE LAKE PHASE ONE. C THE BOB AND BARBARA THOMAS DOG PARK AND PLAY ZONE WAS AWARDED. SO WE'RE GOING THROUGH THAT PROCESS. SO HOPEFULLY THAT CONSTRUCTION WILL BEGIN SOMETIME IN THE NEXT MONTH. NORTH APEX IS WELL UNDERWAY. WE ARE FINALIZING DETAILS FOR THAT DESIGN CONTRACT, WHICH WE WILL BE TAKING TO COUNCIL ON SEPTEMBER THE 15TH. SO THAT'S MOVING FORWARD AS WELL. THE LAST THING I WANT TO TALK ABOUT IS MEXICAN INDEPENDENCE DAY. THAT HAS HISTORICALLY TAKEN PLACE AT THE OLD SETTLERS RECREATION CENTER.THIS YEAR WE ARE PARTNERING WITH TOPS, SO THAT EVENT WILL TAKE PLACE ON SATURDAY, SEPTEMBER 12TH FROM NOON TO THREE WITH MARIACHI BANDS AND JUST A LOT OF DANCERS VENDORS, WE ARE STILL LOOKING FOR VENDORS, SO IF YOU KNOW ANYONE, THE APPLICATION IS AVAILABLE ON THE WEBSITE. AND WITH THAT, I'LL BE MORE THAN HAPPY TO STAND FOR ANY QUESTIONS YOU MIGHT HAVE. ANY QUESTIONS FOR AMY? I JUST HAVE A COUPLE QUESTIONS IN REGARDS TO URBAN PARK. I KNOW THAT THERE IS SOME CONCERN BY PEOPLE THAT USE THE PARK OFTEN ABOUT MAINTAINING OF THE TRAILS. WHAT IS THE PLAN IN ORDER, YOU KNOW, HAVING IT NOT WORKED ON FOR 12 MONTHS TO 14 MONTHS. A LOT OF THOSE TRAILS WOULD BE DIFFICULT TO RIDE THROUGH. YEAH. GREAT QUESTION.
SO WE ARE WORKING WITH DORBA AND THE PARK MAINTENANCE CREW TO MAKE SURE THAT THEY ARE HAVE ACCESSIBILITY INTO THE PARK TO MAKE SURE THAT WE'RE MAINTAINING THOSE TRAILS SO THEY WILL NOT BE LEFT ALONE. SO ONCE WE'RE READY TO OPEN, WE'RE NOT GOING TO HAVE TO GO BACK AND RECLAIM THE TRAIL. SO WE ARE WORKING CLOSELY WITH DORBA AND ALL OF THE TEAMS TO MAKE SURE THAT WE MAINTAIN THOSE TRAILS. AWESOME. THANK YOU. THANK YOU, AMY. THANK YOU. NEXT
[26-0814 President’s Report]
IS 260814 PRESIDENTS REPORT. THANK YOU, MR. CHAIR. MEMBERS OF THE BOARD. A COUPLE OF THINGS. I WANTED TO START ON THE COMMUNITY ENGAGEMENT FRONT. MR. CHAIRMAN, YOU HIGHLIGHTED THE PLACES WHERE CDC WAS REPRESENTED OVER THE PAST MONTH, AND I WANTED TO HIGHLIGHT OR ADD TO THAT OUR FACEBOOK FOLLOWERS. THE NUMBER HAS INCREASED TO OVER 6000, WHICH REPRESENTS JUST UNDER A 30% INCREASE SINCE JULY OF LAST YEAR. SO I WANT TO CONGRATULATE OUR MARKETING AND COMMUNICATIONS TEAM, ANI, IN PARTICULAR IS DEVOTED TO THAT AND AND WORKS WITH LINDA ON THOSE SOCIAL MEDIA POSTS. SO I WANTED TO HIGHLIGHT THAT FOR THE BOARD. THERE ARE SEVERAL REPORTS ATTACHED TO THE AGENDA. TWO ARE PROJECT RELATED. ONE IS FOR THE HUGS HEADQUARTERS REOPENING. THEY PROVIDED A PROJECT IMPACT REPORT THAT REALLY WAS, I THINK, VERY WELL DONE, VERY INFORMATIVE. AND I ALWAYS LIKE TO HIGHLIGHT THE FACT THAT IT'S A HEADQUARTERS BUILDING. OUR CONTRIBUTION WAS $12 MILLION BUDGET, AND WE CONTRIBUTED JUST UNDER 10% OF THAT TO SUPPORT INFRASTRUCTURE DEVELOPMENT THERE. BUT IT'S A NEW LOCATION FOR THE RESTAURANT, BUT IT'S ALSO A FACILITY TO PROVIDE TRAINING, JOB TRAINING FOR INDIVIDUALS WITH DISABILITIES AND AND PROVIDE THEM A PATH TO GET INTO THE WORKFORCE AND COMMUNITIES. SO CONGRATULATE THEM ON THEIR OPENING. WE FUNDED A RETAIL INFRASTRUCTURE GRANT FOR 380 MARKETPLACE. THAT'S THE CENTER ACROSS FROM RAYTHEON. THEY'VE[00:40:04]
COMPLETED THEIR WORK. AGAIN, OUR CONTRIBUTION WAS FOR EXTERIOR INFRASTRUCTURE, BUT THEY'VE REFACED THE WHOLE PROPERTY. IT LOOKS VERY NICE. AND THEN THERE'S A PROMOTIONAL GRANT REPORT FROM TEXAS HOMEGROWN MUSIC. TAKE A LOOK AT THAT. I THINK IT DEMONSTRATES VERY WELL THE IMPACT THAT OUR PROMOTIONAL GRANT FUNDS HAVE ON OUTREACH AND ENGAGEMENT EFFORTS FOR EVENTS. SO PLEASE TAKE A LOOK AT THAT. TWO OTHER THINGS, NORTH TEXAS GIVING DAY STARTS TODAY, AUGUST 27TH AND RUNS THROUGH SEPTEMBER 17TH. SO IT'S A GREAT TIME TO CONTRIBUTE TO YOUR FAVORITE NONPROFITS. AND THEN MY LAST, WELL, I HAVE TWO MORE ITEMS. ONE IS CONGRATULATIONS TO ANGIE ON THE NEW ADDITION TO HER FAMILY. I'M VERY EXCITED WITH THAT NEWS.AND THEN THE LAST THING IS WANT TO ASK YOU TO JOIN ME IN CELEBRATING ANI FOR HER TWO YEAR ANNIVERSARY WITH MC. DC. SEEMS IMPOSSIBLE. SHE'S BEEN THERE. BUT SHE. SHE'S A GREAT MEMBER OF THE TEAM. SHE MAKES ALL OF OUR LIVES BETTER ON CDC. YOU KNOW ABOUT HER WORK IN ELEVATING OUR SOCIAL MEDIA PRESENCE, AND SHE WAS KEY IN OUR WEBSITE REDESIGN AND IS INVOLVED IN A LOT OF COMMUNITY EVENTS AND HELPS US ORGANIZE THE BOARD AND KEEP YOU ALL WHERE YOU NEED TO BE FOR THE COMMUNITY ENGAGEMENT. SO SHE DOES. CONGRATULATIONS ON TWO YEARS. THAT WAS THE GOAL, ANGIE. JUST SO WE ALL KNOW WHAT, WHAT WHAT IS YOUR TITLE? I AM A G G OKAY? JUST WANT TO MAKE SURE. GRANNY, I'M NOT A GRANDMOTHER. I'M A G G. SO JUST WANTED TO MAKE SURE WE ALL KNEW THAT. YES. THANK YOU SO MUCH AND I'M HAPPY TO RESPOND TO ANY QUESTIONS IF YOU HAVE THEM. THANK YOU. WE HAVE RESERVED 30 MINUTES FOR ANI TO TALK ABOUT. GO AHEAD.
TAKE IT AWAY. MR. CHAIRMAN, BEFORE WE GET TO THE REGULAR AGENDA ITEMS ABOUT THE PROJECT GRANTS. MADAM PRESIDENT, CAN YOU JUST FOR THE GENERAL PUBLIC TO KNOW, CAN YOU EXPLAIN THE PROCESS ON HOW, WHEN WE AWARD THE GRANTS ON HOW IT'S PAID? SURE. SO JUST IN A NUTSHELL, THE PROCESS BEGINS WITH AN ORGANIZATION. ENTITY. SUBMITTING AN APPLICATION GOES THROUGH LEGAL REVIEW. IF IT'S A PROJECT, WE HOLD A PUBLIC HEARING TO GIVE THE THE GENERAL PUBLIC AN OPPORTUNITY TO PROVIDE COMMENTS. ONCE AWARDED, WE ARE. WE EXECUTE A PERFORMANCE AGREEMENT THAT GOVERNS THE RELATIONSHIP BETWEEN MC, DC AND THE GRANT RECIPIENT. IN TERMS OF HOW THE GRANT FUNDS ARE PAID OUT, WE PAY ON A REIMBURSEMENT BASIS.
SO THE. AS THE PROJECTS MOVE FORWARD, DEPENDING UPON THE COMPONENT THAT WE'RE FUNDING, THE GRANT RECIPIENT WILL SUBMIT A REQUEST FOR REIMBURSEMENT. THEY HAVE TO PROVIDE DOCUMENTATION THAT THE WORK HAS ACTUALLY BEEN DONE AND HAS BEEN PAID FOR. AND THEN WE ISSUE PAYMENT FOR FOR THOSE COMPONENTS, THERE ARE TWO STEPS IN. THE INITIAL REVIEW INCLUDES AN OPINION FROM OUR LEGAL COUNSEL ON ELIGIBLE PROJECT COMPONENTS FOR FUNDING. AND THEN WE GO THROUGH A SECOND REVIEW WHEN THE REQUEST FOR REIMBURSEMENT ARE MADE TO AGAIN CONFIRM OR VERIFY THAT THAT THE REQUEST FALLS WITHIN WHAT'S ELIGIBLE UNDER STATE LAW. THANK YOU, THANK YOU. BUT BEFORE WE GET TO THOSE ITEMS, WE'RE ACTUALLY GOING TO MOVE INTO
[EXECUTIVE SESSION]
EXECUTIVE SESSION. IT IS. WHAT TIME IS IT? 844 AND IN ACCORDANCE WITH TEXAS GOVERNMENT CODE, SECTION 551071 PENDING OR CONTEMPLATED LITIGATION OR TEXAS CONSERVATION ASSOCIATION PLAINTIFFS VERSUS MCKINNEY COMMUNITY DEVELOPMENT CORPORATION DEFENDANTS AT FOUR IN THE 471ST DISTRICT COURT, COLLIN COUNTY, TEXAS. CASE NUMBER 471018492026. AND SECTION 551087. DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT MATTERS PROJECT 2009 TUBS, BREWERY AND ENTERTAINMENT DESTINATION PROJECT HEMISPHERES VENUE NOTES LIVE PROJECT 1704 CRAIG RANCH RESORT HOTEL AND THEN WE WILL RECONVENE SHORTLY.[26-0815 Consider/Discuss/Act on a Project Grant Application Submitted by Heard Natural Science Museum and Wildlife Sanctuary (4B26-11) in an Amount of Seventy-Two Thousand One Hundred Two and 16/100 Dollars ($72,102.16) for the Installation of an Indoor Bug Abode Exhibit and Painting, and Restoration of Floor Murals at the Property Located at One Nature Place in McKinney, Texas. This request represents 37% of the Total Project Cost.]
WE WILL RECONVENE AT 904 IN THE MORNING. WE WILL MOVE ON TO OUR REGULAR AGENDA ITEMS. FIRST ITEM IS 260815. CONSIDER DISCUSS ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY HEARD NATURAL SCIENCE MUSEUM AND WILDLIFE SANCTUARY IN THE AMOUNT OF $72,100 AND $102.16 FOR THE INSTALLATION OF AN INDOOR BUG ABODE, EXHIBIT AND PAINTING, AND RESTORATION OF THE FLOOR MURALS AT THE PROPERTY LOCATED AT ONE NATURE PLACE IN MCKINNEY, TEXAS. THIS REQUEST REPRESENTS 37% OF THE TOTAL PROJECT COST. ANYONE HAVE COMMENTS ON THIS? ENTERTAIN A[00:45:13]
MOTION. MOTION TO APPROVE. I'LL. SECOND, PLEASE CAST YOUR VOTES. WE OF COURSE HEARD THIS AND DISCUSSED IT IN OUR LAST MEETING. ITEM 260816. CONSIDER DISCUSS ACT ON PROJECT GRANT[26-0816 Consider/Discuss/Act on a Project Grant Application Submitted by CommonGood Medical (4B26-09) in the Amount of Four Hundred Thousand Six Hundred Seventy-Seven and 25/100 Dollars ($447,677.25) for Infrastructure Including Parking, Walkways, ADA Improvements, Mechanical, Electrical, Plumbing, HVAC, and Design and Engineering Related to the Renovation of Property Located at 2750 Virginia Parkway and to Facilitate Expansion and Relocation of the CommonGood Medical Clinic. Amount Requested Represents 11% of Total Project Cost.]
APPLICATION SUBMITTED BY COMMON GOOD MEDICAL IN THE AMOUNT OF $400,677.25 FOR INFRASTRUCTURE INCLUDING PARKING, WALKWAYS, ADA IMPROVEMENTS, MECHANICAL, ELECTRICAL, PLUMBING, HVAC AND DESIGN AND ENGINEERING RELATED TO THE RENOVATION OF THE PROPERTY. LOCATED AT 2750 VIRGINIA PARKWAY, AND TO FACILITATE EXPANSION AND RELOCATION OF THE COMMON GOOD MEDICAL CLINIC. MOUNT REQUESTED REPRESENTS 11% OF TOTAL PROJECT COST. ANY DISCUSSION? I MOVE TO APPROVE THE REQUEST. I'LL. SECOND. YOU CAST YOUR VOTE. WHAT'S THAT? READ YOUR NOTES.WELL, THE MAXIMUM ELIGIBLE AWARD IS 306,348.08. SO WE MOTION TO APPROVE THE THREE ZERO. THE MAXIMUM AMOUNT. YEAH. AND I STILL SECOND IT. OKAY, JUST TO CLARIFY THEN. SO THERE WERE ITEMS IDENTIFIED TO BE INELIGIBLE FOR CDC FUNDING, CORRECT. OKAY. SO HAS THE APPLICANT BEEN NOTIFIED OF WHAT THOSE WERE AND INDICATED. OKAY. THEN I MOVE TO APPROVE THE AMENDED FUNDING AMOUNT AS DESCRIBED $306,348.08. AND DAVID, YOU STILL SECOND THAT? YES. PLEASE CAST YOUR VOTES. ITEM 260817 CONSIDER, DISCUSS. ACT ON REQUEST TO EXTEND THE
[26-0817 Consider/Discuss/Act on a Request to Extend the Terms of Project 4B24-09 Awarded to the City of McKinney Parks and Recreation Department in the Amount of Five Million Five Hundred Thousand Dollars ($5,500,000.00) for Erwin Park Improvements to January 31, 2028.]
TERMS OF PROJECT FOR B24-09. AWARDED TO THE CITY OF MCKINNEY PARKS AND RECREATION DEPARTMENT.THE AMOUNT OF $5,500,000 FOR IRWIN PARK IMPROVEMENTS TO JANUARY 31ST, 2028. I MOVE TO APPROVE. I SECOND. PLEASE CAST YOUR VOTES. MISS KINCAID ALMOST GOT UP. ITEM 260818. WHY DO WE HAVE SIX? I'M SORRY I MISSED. I'M SORRY IT DIDN'T. IT DIDN'T TAKE MY VOTE ON THAT. SHE SAID
[26-0818 Consider/Discuss/Act on a Request to Extend the Terms of Project 4B25-03 Awarded to McKinney Parks Foundation in the Amount of Twenty Thousand and NO/100 Dollars ($20,000.00) to Fund Purchase of a Polaris Sportsman ATV and a Bosski 1600 UT Trailer Accessory to Facilitate Trail Improvement Projects to September 30, 2026.]
YES. ALL RIGHT. 260818. CONSIDER DISCUSS ACT ON REQUEST TO EXTEND THE TERMS OF PROJECT FOR B 2503 AWARDED TO MCKINNEY PARKS FOUNDATION. THE AMOUNT OF $20,000 TO FUND PURCHASE OF POLARIS SPORTSMAN ATV AND A 1600 TRAILER ACCESSORY TO FACILITATE TRAIL IMPROVEMENT PROJECTS TO SEPTEMBER 30TH, 2026. I MOTION TO APPROVE. I'LL SECOND. PLEASE CAST YOUR VOTES.I'M SORRY, MISTER CHAIR. COULD WE COULD WE JUST FOR THE RECORD, COULD WE GO BACK TO THE COMMON GOOD APPLICATION 26-0816 WITH THE AMENDED DOLLAR FIGURE? DOES THAT CHANGE THE PERCENT OF TOTAL PROJECT COST? IT WOULD. THE 11% WAS IF IT WAS FOR 476, 77, 25, I BELIEVE. IS THAT. YES.
SO IT DOES CHANGE THE THE AMOUNT. I JUST WANT THE PUBLIC TO BE AWARE. 9%, 9%. OKAY. VERY GOOD. THANK YOU. IS IT EIGHT EIGHT. THANK YOU. ITEM 260819 CONSIDER DISCUSS. ACT ON
[26-0819 Consider/Discuss/Act on a Request to Extend the Term on Project 4B25-13, Awarded to McKinney Main Street in an Amount of $80,000 for to Fabrication and Installation a Fifty-Foot Neon Monument Sign to September 30, 2027.]
REQUEST TO EXTEND THE TERM ON PROJECT FOR B25-13. AWARDED TO MCKINNEY MAIN STREET. AN AMOUNT OF $80,000 FOR THE FABRICATION AND INSTALLATION OF A 50 FOOT NEON MONUMENT SIGN TO SEPTEMBER 30TH, 2027. I MOTION TO APPROVE THIS. I'LL. SECOND, PLEASE CAST YOUR VOTES. AND. THE LAST[26-0820 Consider/Discuss/Act on a Resolution Authorizing the Issuance of “McKinney Community Development Corporation Sales Tax Revenue Refunding Bonds, Taxable Series 2026 (TIFIA)”; Pledging Certain “Pledged Revenues” of the Corporation, Including “Gross Sales Tax Revenues”, to the Payment of the Principal of and Interest on the Bonds; Enacting Other Provisions Incident and Related to the Issuance, Payment, Security and Delivery of the Bonds, Including the Approval of a Paying Agent/Registrar Agreement; and a TIFIA Loan Agreement; Resolving Other Matters Incident and Related to the Issuance and Sale of the Bonds; and Providing an Effective Date.]
REGULAR AGENDA ITEM FOR PUBLIC HEARING IS 260820. CONSIDER DISCUSS ACT ON A RESOLUTION AUTHORIZING THE ISSUANCE OF MCKINNEY COMMUNITY DEVELOPMENT CORPORATION SALES TAX REVENUE REFUNDING BONDS TAXABLE SERIES 2026 TIFF PLEDGING CERTAIN PLEDGE REVENUES OF THE CORPORATION, INCLUDING GROSS SALES TAX REVENUES TO THE PAYMENT OF THE PRINCIPAL AND INTEREST ON THE BONDS. ENACTING OTHER PROVISIONS, INCIDENT RELATED TO THE ISSUANCE, PAYMENT, SECURITY AND DELIVERY OF BONDS, INCLUDING THE APPROVAL OF A PAYING AGENT,[00:50:04]
REGISTRAR AGREEMENT AND TIFIA LOAN AGREEMENT. RESOLVING OTHER MATTERS, INCIDENT RELATED TO THE ISSUANCE AND SALE OF THE BONDS AND PROVIDING AN EFFECTIVE DATE. AND I BELIEVE, TREASURER, YOU HAD COMMENTS? YEAH, I HAD A COUPLE COMMENTS. PAUL, YOU'RE WELCOME TO COME UP.PAUL BRENNAN, COUNSEL FROM NORTON ROSE, WHO'S ASSISTING WITH THE BOND ISSUING. DID YOU WANT TO SAY ANYTHING BEFORE I, I WAS JUST GOING TO MAKE A COUPLE OF OPENING STATEMENTS.
OKAY. JUST FOR CLARITY, THIS AGAIN IS A YOUR ADOPTING A RESOLUTIONS THAT REPLACING THE ORIGINAL MARCH 3RD RESOLUTION. THIS IS NOT A NEW ISSUANCE OF DEBT. THIS IS THE SAME ISSUANCE OF DEBT THAT WAS APPROVED ON MARCH 3RD. AND IT'S JUST AN UPDATE OF THAT RESOLUTION WITH SOME ADDITIONAL CLARITY ADDED TO THE DOCUMENTS. THANK YOU. SO WE'VE HAD SOME DISCUSSIONS.
THIS IS A THIS IS THIS IS A GOOD DEAL FOR THE CITY. THIS IS LOWERING THE TOTAL AMOUNT OF INTEREST PAID ON AN ANNUAL BASIS FOR QUITE A NICE PERIOD OF TIME. I WANTED TO KIND OF WALK THROUGH A LITTLE BIT OF THAT FOR THE RECORD. AND SO FOR THOSE WATCHING IN MARCH OF 25, THE. IN A JOINT MEETING WITH CITY COUNCIL, THIS BOARD APPROVED ISSUING THE BONDS FOR THE EXPANSION OF THE EAST SIDE OF MCKINNEY WITH A PASSENGER FACILITY AT THE AIRPORT. THOSE BONDS WERE ABOUT $300 MILLION FOR A TERM OF SEVEN YEARS, AND ISSUED AN INTEREST RATE OF 4.25%. THAT MEANS ON AN ANNUAL BASIS, THE INTEREST RATE IS ABOUT 1.3 MILLION. FOR THE SAKE OF CONVENIENCE FOR EVERYBODY, I'M USING FAIRLY ROUNDED NUMBERS ON SOME OF THIS, NOT NOT GIVING ALL THE DECIMAL POINTS. IT WAS ORIGINALLY CONTEMPLATED THAT THE BOND WOULD BE REFUNDED WITH A LOAN FROM THE FEDERAL TIFIA PROGRAM, WHICH IS TRANSPORTATION, INFRASTRUCTURE, FINANCE AND INNOVATION ACT. IF MCE QUALIFIED IN THE TERMS OFFERED UNDER TIFIA WERE MORE FAVORABLE THAN WHAT MCDC COULD GET IN THE OPEN MARKET. THE ADVANTAGE OF THE TIF ALONE IS THAT THE INTEREST RATE IS AT A MUCH LOWER RATE THAN ANY OTHER SOURCE AVAILABLE TO MCKINNEY. TIFIA INTEREST RATES ARE COMPUTED AS THE INTEREST RATE OF A 30 YEAR TREASURY DIVIDED BY HALF PLUS ONE BASIS POINT, WHICH IS 0.01%. TODAY'S.
ACTUALLY, YESTERDAY WHEN I WROTE THIS TREASURY, IT WAS 5.2%. THAT MEANS THE CITY CAN GET ABOUT 2.6% INTEREST RATES. BY COMPARISON, THE INTEREST RATE THE CITY GETS ON MONEY THAT WE'RE INVESTING IS CURRENTLY ABOUT 3.5%. SO WE CAN ACTUALLY INVEST AND GET 3.5% AND BORROW AT 2.6. THAT'S A PRETTY GOOD DEAL, RIGHT? SO IT'S SUBSTANTIALLY BETTER THAN ANY OF THE OTHER RATES. IN ANY RATE, WE COULD BORROW MONEY AT TO ILLUSTRATE THE DIFFERENCE, THE ORIGINAL BONDS THAT WERE ISSUED CARRIED ABOUT 1.3 MILLION A YEAR IN INTEREST.
WITH THE TIFIA LOAN, WE WOULD BE PAYING ABOUT 775,000 A YEAR IN INTEREST, A DIFFERENCE OF APPROXIMATELY A HALF MILLION DOLLAR SAVINGS PER YEAR FOR THE NEXT FIVE YEARS. THAT'S 2.5 MILLION SAVED JUST IN THE NEXT FIVE YEARS OF INTEREST PAYMENTS. NOW, OF COURSE, THE TIFIA LOANS FOR 30 YEARS COMPARED TO THE ORIGINAL BOND, WHICH IS SEVEN. BUT IT WAS ALWAYS UNDERSTOOD THAT IF WE DID NOT GET THE TIFF LOAN AT THE END OF THIS INITIAL SEVEN TERM, SEVEN YEAR TERM, WE WOULD REFINANCE FOR AN EXPECTED 30 YEAR TERM. IT IS HIGHLY LIKELY WE WOULD THEN HAVE AN INTEREST RATE MUCH HIGHER THAN THE TIFF LOAN. THERE IS A SEPARATE ECONOMIC IMPACT REPORT SHOWING THE SIGNIFICANT SALES TAX INCREASE FROM THE PROJECT, AND I WOULD ENCOURAGE EVERYBODY TO REVIEW THAT. IN ADDITION, I WANT TO HIGHLIGHT THE DISCUSSIONS THAT TOOK PLACE IN EARLY 2025 REGARDING THE AIRPORT PASSENGER FACILITY CHARGES OR FEES. THERE ARE SPECIFIC RULES AROUND HOW PSC CAN BE SPENT, AND I WON'T SPEAK TO ALL THOSE RULES OR PRETEND TO BE AN EXPERT ON THEM, BUT IT WAS ESTIMATED THAT THERE WILL BE JUST UNDER $2 MILLION PER YEAR COMING IN BY YEAR THREE FOR PSC. AS OUR INTEREST PAYMENTS WITH THE TIFIA LOAN WILL ONLY BE 775,000 A YEAR. THE POSITIVE FINANCIAL IMPACT OF PSC EASILY JUSTIFIES THE INTEREST ASSOCIATED WITH THE TIFIA LOAN. HOW EXACTLY THOSE FOLKS GET DIVIDED AS A MATTER STILL TO BE DETERMINED, BUT IT'S AN IMPORTANT PART OF THE FINANCES OF THE AIRPORT AND ITS IMPACT. SO FROM A PURELY FINANCIAL PERSPECTIVE, I THINK THIS IS A GREAT DEAL FOR THE CITY. AND PAUL, I DO THANK YOU FOR THE WORK THAT YOU'VE BEEN DOING ON IT, AND WE SHOULD ADVANCE IT WHETHER YOU SUPPORT THE AIRPORT OR, OR, OR HATE IT. THIS DECISION IS ABOUT SAVING MONEY. SAID. ARE THERE ANY OTHER COMMENTS? ENTERTAIN A MOTION. I'LL MAKE A MOTION TO APPROVE. SECOND, GO AHEAD. AND. CAST YOUR VOTES. I MOVE TO PUBLIC HEARING ITEMS. SPEAKERS
[26-0821 Conduct a Public Hearing and Consider/Discuss/Act on an Amendment to Project Grant 4B26-01 Awarded to Palladium McKinney Ranch, LTD, a Development of Palladium USA, in an Amount of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) to Include Acquisition of Land.]
[00:55:09]
WISHING TO ADDRESS THE BOARD REGARDING ANY NON PUBLIC HEARING ITEM ON THE AGENDA SHALL HAVE TIME, YOU KNOW, THREE MINUTES PER AGENDA ITEM BOARD CHAIR MAY REDUCE SPEAKER TIME LIMIT UNIFORMITY TO ACCOMMODATE NUMBER OF SPEAKERS OR IMPROVE MEETING EFFICIENCY AT FIRST. PUBLIC HEARING ITEM IS 260821. CONDUCT A PUBLIC HEARING TO CONSIDER AN ACT ON A AMENDMENT TO PROJECT GRANT FOR B 2601 AWARDED TO PALLADIUM MCKINNEY RANCH LIMITED, A DEVELOPMENT OF PALLADIUM USA IN THE AMOUNT OF $2,500,000 TO INCLUDE ACQUISITION OF LAND.OKAY, HOW DO I CONTROL THIS? YOU HAVE THE CLICKER RIGHT NEXT TO YOU. THERE WE GO. THANK YOU.
GOOD MORNING. I'M KIM PARKER, EXECUTIVE DIRECTOR WITH PALLADIUM. AND I JUST WANT TO START BY THANKING THIS BOARD FOR YOUR CONTINUED SUPPORT OF PALLADIUM MCKINNEY RANCH SENIOR LIVING. TO ECHO WHAT MILES SAID EARLIER, THIS $2.5 MILLION GRANT THAT WE WERE AWARDED BY THIS VERY BOARD SIX MONTHS AGO WOULD WAS THE FINAL PIECE TO ACTUALLY MAKE THIS DEVELOPMENT A REALITY. AND I ALWAYS LOSE MY VOICE AT THE AT THE MOST OPPORTUNE TIME. JUST A QUICK REFRESHER. MCKINNEY RANCH SENIOR LIVING IS 109 UNIT INDEPENDENT SENIOR LIVING COMMUNITY RESTRICTED TO AGE 62 AND OLDER. 66% OF THE UNITS. EXCUSE ME. I'M GOING THROUGH PUBERTY RIGHT NOW. ARE 66% OF THE UNITS ARE RESERVED FOR SENIORS EARNING 60% AND BELOW AREA MEDIAN INCOME. SO THIS IS SERVING A TARGET OF THE MCKINNEY SENIOR COMMUNITY. THAT IS REALLY HURTING RIGHT NOW. THIS WILL BE A $34 MILLION INVESTMENT IN THE COMMUNITY.
AND HERE'S OUR BEAUTIFUL RENDERING. THE LOCATION IS RIGHT ON MCKINNEY RANCH HERE. I WANT TO GO TO THE LOCATION, MCKINNEY RANCH PARKWAY, JUST WEST OF LAKE FOREST DRIVE. IT'S A THREE AND A HALF ACRE PROPERTY. IT SITS RIGHT NEXT TO AVALON MEMORY CARE, WHICH IS A REALLY A PERFECT LOCATION FOR SOMEBODY THAT MAYBE HAS A SPOUSE THAT NEEDS TO GO INTO MEMORY CARE OR IS IN MEMORY CARE AND WANTS TO LIVE CLOSE IN A BEAUTIFUL COMMUNITY. WE ARE TEED UP AND READY TO CLOSE. WE HAVE GOTTEN EVERYTHING THAT WE NEED ON THE. ONE FINAL PIECE IS OUR $2.5 MILLION GRANT. WHAT WE'RE HERE FOR TODAY IS REALLY JUST A MINISTERIAL PIECE. WITH OUR LOAN AGREEMENT, WE NEEDED TO ADD SOME LANGUAGE TO TIGHTEN UP SOME OF THE LANGUAGE TO ALLOW REIMBURSEMENT FOR THE ACQUISITION OF THE LAND. SO THERE WERE SOME WORDS THAT NEEDED TO BE ADDED TO THE AGREEMENT. NOTHING IS CHANGING WITH RESPECT TO OUR LOAN TERMS. NOTHING IS CHANGING WITH OUR COMMITMENT TO AFFORDABILITY. CINDY AND LYNN AND LINDA HAVE BEEN EXTREMELY GRACIOUS IN WORKING WITH US ON TIGHTENING UP THE LANGUAGE, MAKING SURE THAT IT WAS CLEAR THAT WE CAN USE THE THE PROCEEDS OF THE GRANT TOWARDS ACQUISITION OF THE LAND. WHY WE WERE DOING THAT, IT'S REALLY JUST A CLEANER APPROACH. WE CAN HAVE ONE REIMBURSEMENT VERSUS MULTIPLE REIMBURSEMENTS OVER FOR INFRASTRUCTURE OVER THE COURSE OF CONSTRUCTION. LAND ACQUISITION IS AN ALLOWABLE EXPENSE UNDER STATE STATUTE. I CAN'T QUOTE THE STATE STATUTE SINCE I'M NOT AN ATTORNEY, BUT THIS IS WHY WE'RE HERE TODAY.
THERE WAS ANOTHER CHANGE TO THE AGREEMENT AS WELL, WHICH JUST EXTENDED THE CONSTRUCTION COMPLETION DATE TO SEPTEMBER 30TH, 2028, WHICH ALIGNS WITH OUR TIMELINE. AND WITH THAT, I WILL OPEN IT UP TO ANY QUESTIONS. ANY QUESTIONS. THANK YOU. THIS IS A PUBLIC HEARING ITEM. IS THERE ANYONE THAT WOULD LIKE TO SPEAK TO THIS? SEEING NONE. ENTERTAIN A MOTION TO CLOSE THE PUBLIC HEARING. I MOVE THAT WE CLOSE THE PUBLIC HEARING. I'LL SECOND, PLEASE CAST YOUR VOTES. THANK YOU KIM. THANK YOU. CAST YOUR VOTES ON THE CLOSING PUBLIC HEARING. ANY DISCUSSION ON THE ITEM? AND IF NOT, ENTERTAIN A MOTION, A MOTION TO APPROVE. I'LL SECOND.
CAST YOUR VOTES. I THINK. I THINK THAT'S REVERSED. I DON'T KNOW IF IT MATTERS TECHNICALLY, BUT I HAD SECONDED, BUT IT INDICATED I MOVED. I DON'T KNOW IF IT'S IMPORTANT THAT THAT BE CORRECTED. ALL RIGHT. TODAY WE'RE GOING TO HEAR THREE GRANT APPLICANTS, ONE PROJECT AND TWO
[01:00:09]
RETAIL INFRASTRUCTURE. EACH APPLICANT WILL HAVE FIVE MINUTES TO PRESENT, FOLLOWED BY PUBLIC COMMENTS. WE WILL BE ACTING ON ONE TODAY. THE OTHER TWO WILL BE ACTED ON ON THE AT[26-0822 Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Harvest Seed Project Foundation (4B26-09) in the Amount of Seven Hundred Sixty-Four Thousand Nine Hundred Fifty-Three and N0/100 Dollars ($764,953.00), for Infrastructure Including Underground Utilities, Dirt Work, Irrigation, Sanitary, and Driveway/Parking Related to the Expansion and Relocation of McKinney Roots Farm to Gray Branch Park. Amount Requested Represents 33% of Total Project Cost.]
THE SEPTEMBER 24TH MEETING. FIRST ITEM IS 260822. CONDUCT PUBLIC HEARING TO CONSIDER. ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY HARVEST SEED PROJECT FOUNDATION FOR B 2609 AND THE AMOUNT OF $764,953 FOR INFRASTRUCTURE INCLUDING UNDERGROUND UTILITIES, DIRT WORK, IRRIGATION, SANITARY AND DRIVEWAY PARKING RELATED TO THE EXPANSION AND RELOCATION OF MCKINNEY ROOTS FARM TO GRAY BRANCH PARK. AMOUNT REQUESTED. REPRESENTS 33% OF TOTAL PROJECT COST. MR. WELLS, MR. CHAIR, MADAM PRESIDENT, CONGRATULATIONS, GIGI. THANK YOU. I GOT TO TELL YOU THAT 30% JOB IS INCREDIBLE. WE KNOW HOW HARD A.J. AND I KNOW GETTING THAT JOB IS IS REALLY, REALLY, REALLY IMPRESSIVE. SUPER EXCITED TO TO TALK ABOUT THIS PROJECT. RICK. YEAH. MOVE TO THANK YOU ALWAYS HAVE TO REMIND ME OF THAT BECAUSE I LIKE TO WALK AND TALK, THAT'S FOR SURE. THIS SURRENDERING. WE HAVE PLANT COMPLETELY PLANTED IN THE GARDEN AND WE'VE COMPLETELY PLANTED IN THE ORCHARD. AND SO 211 PEACH AND PEAR TREES. AND WE ARE PRODUCING SO MUCH FOOD ON THAT FARM RIGHT NOW. IT IS INCREDIBLE. SO WE WILL START THE CONSTRUCTION OF THE OF THE THE BARN PROBABLY IN ABOUT TWO MONTHS. HOPEFULLY. WE'LL SEE.I'M GOING TO GIVE YOU JUST A REALLY QUICK RECAP OF KIND OF WHAT WE DID LAST YEAR AND JUST KIND OF TOOK YOU THROUGH HERE. WE STARTED ON A REPURPOSED BASEBALL FIELD. WE'RE STILL THERE. WE STILL HAVE ABOUT 250 CHICKENS THERE IN A HYDROPONIC GREENHOUSE AND ABOUT 350 TOMATO PLANTS OR SO. AND LAST YEAR WE PRODUCED 8000 DOZEN EGGS, 15,000 HEADS OF LETTUCE, 15 TONS OF SEASONAL CROPS. WE'RE FEEDING ABOUT 350 INSECURE FOOD. WE'RE FEEDING ABOUT 350 FAMILIES ON A WEEKLY BASIS FROM THE FARM RIGHT NOW. AS WE MOVE TO THE PARK, WE WILL DOUBLE ALL THOSE NUMBERS EASILY. SO SO JUST REALLY, REALLY EXCITED ABOUT THAT WOULD DO ALL THAT THROUGH THREE FARMERS AND JUST, JUST A TON OF VOLUNTEERS. WE'RE ON PACE TO HAVE ABOUT 750 VOLUNTEERS THIS YEAR ON THE FARM. WHAT DO WE DO WITH THAT FOOD? WE GIVE IT TO EIGHT, EIGHT PARTNERS THAT WE'VE DEVELOPED OVER TIME WITHIN OUR WITHIN OUR CITY AND THOSE PARTNERS WE WORK WITH ON A, ON A DAY TO DAY BASIS TO, TO MAKE SURE THAT THEY ARE, THEY HAVE THE FOOD THAT THEY NEED TO HELP US FEED THE FOOD AND SECURE IN OUR COMMUNITY. AND WE'RE A LOT ABOUT EDUCATION. WE'RE A LOT ABOUT EDUCATION. SO OUR FIELD TRIP PROGRAM WITH MCKINNEY ISD IS, IS A CROWN JEWEL FOR ALL OF US. I THINK IN THE CITY, WE START OUR FIELD TRIP PROGRAM NEXT WEEK ON SEPTEMBER THE 3RD AT THE NEW FARM. SO THERE'S A LOT OF MOVING PARTS WITH, WITH HAVING 2100 KIDS COME ON YOUR FARM IN A SPAN OF TWO MONTHS. BUT ESPECIALLY AS WE MOVE TO THE NEW FARM, EVEN MORE SO, BUT WE'RE REALLY LOOKING FORWARD TO THAT. WE'VE DONE SOME REALLY NEAT THINGS WITH MCKINNEY ISD AND THEIR CURRICULUM WRITERS THIS YEAR. WE'RE SUPER EXCITED ABOUT THE PROGRAM. AND WE'RE REALLY EXPANDING OUR PROGRAM AS WELL TO OTHER TO OTHER GROUPS AND SO FORTH. EDUCATION AT THE AT AT GRAY BRANCH WILL BE A MAJOR, MAJOR PART OF KIND OF WHAT WE DO FOR SURE. AND WE DO ALL THAT FROM A SUSTAINABLE FARMING METHOD. WE'VE BEEN ORGANIC REGENERATIVE FOR THE LAST NINE YEARS. I'M SORRY, THE LAST SEVEN YEARS WE WE TOOK OVER THE FARM IN 2019 AND WE WILL GO FOR ORGANIC AND REGENERATIVE CERTIFICATIONS.
WE'RE IN THAT PROCESS NOW. WE'VE WORKED WITH THE CITY TO GET ALL THE AFFIDAVITS AND EVERYTHING THAT WE NEED, AND WE'RE ABOUT EIGHT MONTHS INTO THAT PROCESS. WHEN WE GET THOSE CERTIFICATIONS, WHICH WE WILL, WE'LL BE ONLY 500 FARMS, FARMS AND RANCHES IN THE WORLD WITH THOSE TWO CERTIFICATIONS. SO NOT ONLY WE'RE WE'RE FARMING AT THE VERY HIGHEST LEVEL THAT YOU POSSIBLY CAN, AND WE ARE TRYING TO BE AS MUCH AS WE CAN THIS REALLY GOOD STEWARDS TO OUR LAND. THERE'S OUR TIMELINE. IT KIND OF CHANGES A LITTLE BIT FROM TIME TO TIME, BUT PRETTY CLOSE TO KIND OF WHERE WE ARE FROM A TIMELINE STANDPOINT. THERE'S MY SITE PLAN AND KIND OF WHAT WE'RE WORKING ON RIGHT NOW. THAT'S OUR BUDGET. AND THAT'S KIND OF OUR ECONOMIC
[01:05:12]
IMPACT AND QUALITY OF LIFE THAT WE'VE PUT TOGETHER. AS WE STARTED THE PROJECT. AND I'LL STAND FOR QUESTIONS. RICK, I WAS GOING TO MAKE A COMMENT AS I'VE MADE IN THE PAST, YOU KNOW, WE'VE CDC HAS CONTRIBUTED ROUGHLY $160 MILLION TO PARK PROJECTS OVER THE PAST 30 YEARS.AND I, I DON'T KNOW THAT. I THINK FOR ME, I DON'T THINK THERE'S EVER BEEN ONE THAT'S GOING TO HAVE A GREATER IMPACT THAN THIS PROJECT. I DON'T KNOW OF ANY OTHER, CERTAINLY NOT IN THIS CITY OR STATE, AND MAYBE NOT ACROSS THE COUNTRY WHERE WHERE A PUBLIC PARK SPACE HAS BEEN TAKEN AND INVESTED IN TO CREATE AN EDUCATIONAL COMPONENT FOR ITS RESIDENTS, FOR ITS CHILDREN, FOR ITS SCHOOLS, A HUMANITARIAN EFFORT OF FEEDS THE THE AMOUNT OF PEOPLE THAT THIS WILL FEED THE PRODUCE THAT. WHILE EDUCATING THE PUBLIC AND EDUCATING YOUTH ON ON ON FARMING AND AND HEALTHY FOOD AND AND ALL THAT THIS WILL DO, TAKING THE FRUITS OF THAT, NO PUN INTENDED AND FEEDING PEOPLE. I MEAN, I SEE PARENTS AND GRANDPARENTS BRINGING THEIR KIDS OUT THERE AND, AND, YOU KNOW, EXPERIENCING SOMETHING TOGETHER IN A WAY THAT WILL HAVE GENERATIONAL IMPACT FAR GREATER THAN A SWING SET WILL, THAN A WATER FEATURE WILL, THAN A, QUITE FRANKLY, A PATHWAY OR PATH WALKING PATH, TRAIL PATH. THIS IS SUCH AN INCREDIBLE ENDEAVOR. IT'S IT'S A LEADING IDEA, A LEADING VISION. I CAN IMAGINE THAT THERE WILL BE COMMUNITIES THAT COME AND LOOK AT THIS AND STUDY THIS. AND ONCE AGAIN, LOOK AT MCKINNEY AND THIS IS YOUR BRAINCHILD. YOUR TEAM WILL LOOK AT THIS AS SOMETHING THAT THEY WANT TO CREATE IN THEIR OWN COMMUNITY. THE IMPACT WILL BE, AGAIN, GENERATIONAL. SO THANK YOU FOR BEING VISIONARY THAT YOU ARE AND JUST THE WORK AND EFFORT AND TENACITY THAT YOU PUT IN TO MAKING SOMETHING LIKE THIS COME TO FRUITION. THANK YOU. I, I'D LIKE TO ACTUALLY SAY SOMETHING.
I'VE HAD THE AMAZING PLEASURE OF WATCHING THIS PROGRAM GROW, BUT I'VE ALSO BEEN ON THE END OF WORKING FOR AN ORGANIZATION THAT ACTUALLY RECEIVED THE PRODUCTS THAT YOU GOT, YOU KNOW, TO ACTUALLY DISTRIBUTE THE PRODUCTS FROM MCKINNEY ROOTS TO THOSE IN NEED AND THOSE THAT ARE INSECURE AND FOOD INSECURE IN OUR COMMUNITY IS LIFE CHANGING. I MEAN, TRULY THERE WHEN THE FIRST TIME COMMUNITY LIFELINE CENTER RECEIVED EGGS FROM MCKINNEY ROOTS, I HAD MULTIPLE FAMILIES LIKE, ASK US IF IF THIS WAS GOING TO CONTINUE TO HAPPEN. LIKE JUST TRULY BLOWN AWAY THAT THEY WERE RECEIVING THESE PRODUCTS BECAUSE THEY, THEY WEREN'T PRODUCTS THAT THEY WERE ABLE TO, TO GET ON THEIR OWN. AND SO SEEING IT GO FROM THE SMALL FARM TO BUILDING THE COOP TO WHERE WE ARE TODAY, THAT IS, AND JUST TRULY THE HEART OF THE MAN THAT IS PRESENTING TO US WHEN WE TALK ABOUT THE HEART OF MCKINNEY IN OUR COMMUNITY AND WHAT IT IS THAT WE HELP OUR NEIGHBORS, THAT WE LOVE OUR NEIGHBORS. RICK WELLS IS ONE OF THOSE LEADING FORCES THAT PROVIDE THAT. SO THANK YOU FOR THIS VISION, RICK. I'VE GOT A COMMENT AND A QUESTION. THE QUESTION IS, I KNOW WE'RE DOING IT FOR MCKINNEY ISD STUDENTS.
IS YOUR PLAN TO MAYBE EXPAND IT TO OTHER SCHOOL DISTRICTS, BE ABLE TO COME IN AND SEE HOW GREAT MCKINNEY IS AND TO SEE WHAT WE'RE DOING THERE? WELL, WE GET A LOT OF REQUESTS FOR THAT. AND WE EDUCATION IS OUR NUMBER ONE THING, RIGHT, THAT WE WILL DO FOR THE FUTURE. HOW MUCH CAN WE EXPAND THAT OVER TIME WILL BE IT WILL TIME WILL TELL. WE ARE TRYING TO DO AS MUCH AS WE CAN IN THE FALL. WE REALLY SEE THE THE SPRING REALLY DISRUPTS THINGS FOR US FROM A PLANTING STANDPOINT, JUST IN GENERAL. SO THAT KIND OF. BUT MOVING TO THE PARK WAS JUST GOING TO ALLOW. THE COMMUNITY CENTER ALONE WILL ALLOW US TO EXPAND THAT EDUCATION IN WAYS THAT WE HAVEN'T EVEN THOUGHT OF YET. AWESOME. SO I DO THINK THAT YOU WILL WE WILL EXPAND THAT. WE'RE WORKING WITH MCKINNEY ISD. I MEET WITH THEM IN A COUPLE OF WEEKS TO TALK ABOUT MORE OF AN AG SCIENCES, MAYBE IN A HIGH SCHOOL LEVEL OF SOME THINGS LIKE THAT. SO YOU CAN SEE US EVOLVING TO THAT AND ALL POULTRY PROGRAM OR IN OUR
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GARDEN PROGRAM OR IN OUR ORGANIC PROGRAM. I THINK YOU'LL SEE A LOT OF DIFFERENT THINGS THAT WE CAN WORK WITH THEM ON. SO EDUCATION, EDUCATING OUR COMMUNITY ON WHY HEALTHY EATING IS SUCH AN IMPORTANT. THE MOST IMPORTANT THING WE'LL DO IN OUR LIVES IS WHAT WE FEED OURSELVES AND OUR CHILDREN, I THINK, IS SOMETHING WE'LL CONTINUE TO EXPAND ON. AWESOME. AND THEN MY COMMENT IS THE GENERAL PUBLIC, IF YOU HAVE NOT DRIVEN BY GRAY BRANCH TO SEE THIS, IT'S ABSOLUTELY BREATHTAKING WHEN YOU DRIVE BY AND IT'S ONCE THE TREES GET MATURE AND START PRODUCING, IT'S GOING TO BE EVEN MORE FANTASTIC. BUT I JUST TELL EVERYBODY, IF YOU HAVEN'T DRIVEN BY THERE LATELY, GO DRIVE BY AND TAKE A LOOK AT IT. IT'S PRETTY COOL AND DO IT FROM 380 SO YOU CAN SO YOU CAN JUST COME IN AND YOU CAN SEE, YES, YOU CAN SEE THE SCOPE OF IT AS YOU PULL OVER AT THE WILSON CREEK BRIDGE. I MEAN, YOU CAN JUST, YOU CAN JUST GRABS YOU.IT'S REALLY, IT'S REALLY FUN. GREAT JOB. GREAT JOB FOR THAT. I HAVE A COMMENT. MR. CHAIR, COULD YOU PULL BACK THE SLIDE, RICK, PLEASE? THAT HAS THE IMPACT FOR THE COMMUNITY. I KNOW WE ALL SAW IT, OF COURSE, IN ADVANCE. I JUST WANT TO, YOU KNOW, HIGHLIGHT THIS HERE. I THINK IT GOES A BIT TO AJ'S POINT. BUT, YOU KNOW, I CAN REMEMBER 5 OR 6 YEARS AGO WHEN I FIRST JOINED THE BOARD, I CALLED CINDY AND I SAID, ARE WE, YOU KNOW, IS IT REALLY VIABLE THAT WE COULD USE TAXPAYER FUNDS FOR EGG PRODUCTION? I MEAN, THAT JUST SEEMS UNUSUAL.
I WANT TO DIG INTO THIS A LITTLE BIT MORE, BUT WE COULD IT WAS CERTAINLY ALLOWABLE. AND TO SEE THE GROWTH OF THIS AND THIS RIGHT HERE, THE FAMILIES FED, OF COURSE YOUR EDUCATION COMPONENT, I MEAN, THIS IS THIS IS A SIGNIFICANT INVESTMENT THAT CDC IS MAKING, BUT THAT YOU'RE MAKING FOR THE CHILDREN IN THE COMMUNITY TO LEARN AND FOR THE FAMILIES TO BENEFIT. SO I, TOO, AM VERY GRATEFUL FOR YOUR VISION ON THIS PROJECT AND THE EVOLUTION OF THIS OVER AT LEAST MY TENURE AND CERTAINLY WELL BEFORE THAT. AN EGG IS THE MOST PROTEIN DENSE THING YOU CAN PRODUCE IN THE WORLD. WE PRODUCE 450 EGGS TODAY, SO PRETTY EXCITING. SO THANK YOU FOR THAT. ALL RIGHT. THANK YOU RICK. THIS IS A PUBLIC HEARING. IS ANYONE WOULD LIKE TO SPEAK TO THIS ITEM? SEEING NONE, I'M GOING TO MAKE A MOTION TO CLOSE THE PUBLIC HEARING AND APPROVE THIS ITEM. I'LL SECOND PLEASE CAST YOUR VOTES. DOES THAT TO BE SEPARATE? ALL RIGHT. MOVING
[26-0823 Conduct a Public Hearing and Consider/Discuss/Act on a Retail Development Infrastructure Grant Application Submitted by Shorty’s McKinney, LLC (RI 26-01) in an Amount up to Twenty-Nine Thousand Six Hundred Forty-Four and NO/100 Dollars ($29,644.00) for Exterior Infrastructure Including Electrical, Plumbing and Site Improvements Necessary to Open a Restaurant Located at 109 N. Kentucky Street, McKinney, Texas. Request Represents 75% of the Total Project Cost for Exterior Infrastructure.]
ON TO THE NEXT ITEM. AND THESE ITEMS WILL BE VOTED ON AT THE SEPTEMBER 24TH MEETING. ITEM 260823 CONDUCT PUBLIC HEARING TO CONSIDER ACT ON A RETAIL DEVELOPMENT INFRASTRUCTURE GRANT APPLICATION SUBMITTED BY SHORTY'S MCKINNEY LLC AND THE AMOUNT OF $29,644 FOR EXTERIOR INFRASTRUCTURE, INCLUDING ELECTRICAL, PLUMBING SITE IMPROVEMENTS NECESSARY TO OPEN A RESTAURANT LOCATED AT 109 NORTH KENTUCKY STREET, MCKINNEY, TEXAS. REQUEST REPRESENT 75% OF THE TOTAL PROJECT COST FOR EXTERIOR INFRASTRUCTURE. AND BEFORE WE BEGIN, COULD COULD WE JUST CLARIFY, MR. CHAIR, THE REASON WE VOTED AND HEARD THE PUBLIC HEARING AT THE SAME TIME ON THE PRIOR ITEM WAS BECAUSE IT HAD BEEN ON OUR AGENDA AND WAS TABLED, OR WAS THERE A DIFFERENT. YES, IT WAS. IT WAS ON OUR AGENDA. PREVIOUSLY, ALL THE INFORMATION HAD BEEN UPLOADED IN THE PREVIOUS MEETING AND IT'S TIME SENSITIVE AS WELL. YES. OKAY. JUST WANTED TO CLARIFY FOR THE PUBLIC. WE HAD TO ASK THEM TO DELAY. THEY DIDN'T ASK US TO DELAY. YES.ALL RIGHT, MR. CHAIR AND THE BOARD, THANK YOU FOR YOUR TIME AND THANK YOU FOR ALL YOU DO FOR THE CITY OF MCKINNEY. I'M HERE TODAY TO TALK A LITTLE BIT ABOUT SHORTY'S. IF YOU HAVEN'T BEEN BY, YOU MAY HAVE AT LEAST SEEN THE SIGN THAT LIGHTS UP THE THE WEST SIDE OF THE SQUARE.
CONEYS AND COCKTAILS, THE BUILDING THAT WE'RE IN IS 109 NORTH KENTUCKY STREET. YOU MAY NOT KNOW THIS, BUT IT IS THE THE FIRST NON WOOD STRUCTURE THAT WAS BUILT ON THE SQUARE.
SO BY DEFAULT WOULD BE THE OLDEST BUILDING ON THE SQUARE, WHICH COMES ALONG WITH A LOT OF THE OLDEST ISSUES ON THE SQUARE. SO BUILT IN 1875, IS AGAIN BUILT AS THE ORIGINAL FIRST NATIONAL BANK. FIRST BANK LOCATED ON THE SQUARE. SO THEY ASKED TODAY IS TO $29,644.
WE'RE LOOKING FOR REIMBURSEMENT ON EXTERIOR ELECTRICAL WORK, ELECTRIC EXTERIOR PLUMBING AND EXTERIOR STRUCTURAL. YOU CAN SEE BY THE IMAGE THERE ON THE RIGHT HAND SIDE, THE STATE OF THE BUILDING AS AS WE TOOK IT ON, WAS IN EXTREME DISREPAIR. IF ANYBODY WALKED BY AND WAS INTERESTED IN HOW MUCH SOMETHING LIKE THAT ACTUALLY COSTS, HERE IT IS $739,000 IS WHAT IT TOOK ME TO, TO GET THIS UP AND GOING. THE VISION FOR SHORTY'S WAS SIMPLY TO CREATE A NEIGHBORHOOD SPOT, SOMETHING THAT WOULD BE COMFORTABLE FOR THE NEIGHBORHOOD TO, TO WALK
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DOWN AND MEET UP AT A PLACE FOR A GREAT BUSINESS LUNCH, A DATE NIGHT, OR A CASUAL DINNER WITH YOUR FAMILY. OBVIOUSLY, THE OVERARCHING GOAL IS TO CREATE A CRAVEABLE FOOD. WE HAVE A SIMPLE MENU, BUT DONE RIGHT CRAFT COCKTAILS WHERE ALL THINGS ARE MADE IN-HOUSE, AND AUTHENTIC HOSPITALITY WHERE, IF YOU'VE BEEN IN, YOU'LL NOTICE A QUICK, FRIENDLY SERVICE IS WHAT WE'RE AIMING FOR. AND WHEN I STARTED THIS, I THOUGHT IF I COULD CREATE A PLACE WHERE PEOPLE FROM MCKINNEY COULD BRING PEOPLE FROM OUT OF TOWN, IT WOULD BE A WIN, AND IT WOULD BE SOMETHING THAT YOU WOULD BE PROUD TO SHOW OFF. AND I THINK THAT WE'VE, AT LEAST BASED ON OUR OUR FEEDBACK, WE'VE WE'VE BEEN ABLE TO ACHIEVE A LOT OF THAT. WE'VE GOT SOME GREAT FEEDBACK. WE CAUGHT A LITTLE BIT OF THE THE MAGIC IN THE BOTTLE, IF YOU WOULD, ON SOCIAL MEDIA. AND WE'VE AGAIN, GOTTEN REALLY, REALLY GOOD FEEDBACK FROM OUR GUESTS, SOME OF THE HIGHLIGHTS OF THE BRAND. AGAIN, THE FOOD, HIGH QUALITY BUT SIMPLE AND DONE RIGHT, THE ATMOSPHERE WE GET A LOT OF IT'S CUTE, IT'S COOL, IT'S UNIQUE, YOU KNOW, KIND OF EXACTLY WHAT WE WERE AIMING FOR TO, TO REALLY KIND OF BRING BACK SOME OF THE HISTORY OF, OF THE BUILDING AND CELEBRATE THAT. AND WE DO TAKE PRIDE IN CELEBRATING THE HISTORY OF MCKINNEY. WE HAVE HISTORIC PHOTOS THAT I'VE DUG. I SPENT A YEAR DIGGING THROUGH EVERY HISTORICAL PHOTO I COULD FIND OF HISTORIC DOWNTOWN MCKINNEY. AND WE HAVE MANY OF THOSE ON DISPLAY. WE HAVE A SMALL STACK OF VINTAGE TVS IN THE THE FRONT WINDOW THAT ROTATE THROUGH HUNDREDS OF THESE PHOTOS. WHEN YOU COME INTO THE RESTAURANTS, THEY'RE. THEY'RE ON DISPLAY AND OTHER TVS AND IN THE RESTROOMS, HISTORIC PHOTOS OF MCKINNEY. AND YOU CAN TAKE A LOOK AT THAT, THAT IMAGE THERE ON THE TOP CENTER TO SEE WHAT AN ACTUAL POLITICAL PRESENTATION USED TO LOOK LIKE BACK IN THE DAY. AND WE, WE, WE TAKE PRIDE IN CELEBRATING ALL OF THAT AT SHORTY'S. A LITTLE BIT ABOUT ME, I'VE BEEN DOING RESTAURANT ACCOUNTING FOR MY ENTIRE LIFE.I STARTED AT 15 YEARS OLD WASHING DISHES AT A HOT DOG SHOP. SO IF YOU WANT TO KNOW WHERE IT CAME FROM, IT STARTED AT THE AGE OF 15. IT KIND OF GOT INTO BLOOD, AND I THOUGHT THAT THAT WAS THE TYPE OF FOOD THAT WAS MISSING IN DOWNTOWN MCKINNEY. SO I GOT INVOLVED IN RESTAURANT ACCOUNTING, BEEN DOING THAT MY ENTIRE LIFE. ABOUT FOUR YEARS AGO, MY WIFE AND I DECIDED TO STEP AWAY FROM THE CORPORATE WORLD AND STARTED OUR OWN ACCOUNTING BUSINESS.
AND WE DO ACCOUNTING FOR SMALL START UP RESTAURANTS, CATERING COMPANIES, BAKERIES, ANYTHING WITH FOOD AND BEVERAGE TWIST TO IT. AND I ALSO PROVIDE CONSULTING SERVICES FOR STARTUPS AND MERGERS AND ACQUISITIONS. SO HERE'S A LITTLE BIT OF THE ENTRANCE UPGRADES THAT WERE DONE. ON THE LEFT HAND SIDE, YOU CAN SEE WHAT WHAT PASSERSBY HAVE SEEN FOR EIGHT YEARS SINCE THE LAST OPERATING BUSINESS, SNUG ON THE SQUARE, CLOSED DOWN. THERE WAS A SIGN THERE THAT SIMPLY READ TWO SKILLETS. I DON'T THINK ANYBODY SAW ONE SKILLET TWO.
BUT IT'S THAT THERE THEN THAT CONDITION DETERIORATING FOR FOR EIGHT YEARS UNTIL WE TOOK IT ON.
AND NOW IT'S AGAIN THE MOST COLORFUL AND MOST PHOTOGRAPHED STOREFRONT ON THE SQUARE. AND I CAN ATTEST TO THAT BECAUSE I'M IN HALF OF THE PICTURES STANDING IN THE WINDOW, THE VIBE ON THE INSIDE. AGAIN, IT'S, IT'S, IT'S WOOD, IT'S LEATHER, IT'S FEELS COMFORTABLE. IT'S A LITTLE QUIRKY. WE GOT A ALIEN HEAD IN A TV ON A MANNEQUIN FOR SOME REASON. YOU KNOW, ONE OF THE MORE PHOTOGRAPHED ELEMENTS OF THE SPACE. AND AGAIN, WE CELEBRATE THROUGH PHOTOGRAPHS OF DOWNTOWN ALL THROUGHOUT THE BUILDING AND JUST GIVES US SOME SOME POINTS OF REFERENCE TO TELL STORIES. WE DO A LOT OF STORYTELLING. AND WHILE WE'RE ENTERTAINING FOLKS AT SHORTY'S AND THE FOOD AGAIN, THE STAR OF THE SHOW IS THE CONEY HOT DOG. BUT WE SELL MORE SMASH BURGERS THAN ANYTHING AND ALSO END WITH A DESSERT OPTION. AND THE DRINKS. WE HAVE A DRINK FOR EVERY OCCASION. THE NUMBER ONE AND NUMBER TWO, SELLING COCKTAILS IN THE WORLD RIGHT NOW IS A MARGARITA AND A ESPRESSO MARTINI, AND I THINK WE HAVE THE BEST OF ANYBODY IN THE AREA, INCLUDING AN IRISH COFFEE THAT WOULD WOULD BRING YOU BACK EVERY TIME. IT IS THE THE WHILE THE FOOD AND THE DRINKS ARE OBVIOUSLY THE GOAL HERE, WE'RE IN THE PEOPLE BUSINESS AND IT'S THE PEOPLE THAT ACTUALLY BRING YOU BACK AND THE PEOPLE BEHIND THE. THE SYSTEM HERE IS WHAT MAKES US SUCCESSFUL. THAT'S. MY TIME IS UP. SO THANK YOU VERY MUCH AND I'LL OPEN ANY QUESTIONS YOU HAVE. ANYONE HAVE QUESTIONS FOR BRIAN? WHAT A GREAT WHAT A
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GREAT SPACE AND LOVE THAT YOU REVIVED IT. THANK YOU. YEAH. THANK YOU FOR DOING THAT. THIS IS A PUBLIC HEARING. DOES ANYONE LIKE TO SPEAK TO THIS ITEM? SEEING NONE. ENTERTAIN A MOTION TO CLOSE THE PUBLIC HEARING AGAIN. WE WILL BE VOTING ON THIS AT OUR SEPTEMBER 24TH MEETING. I MOVE THAT WE APPROVE THE CLOSE THE PUBLIC HEARING. SECOND THE MOTION.MISS. CAST YOUR VOTES. OUR LAST ITEM 260824 CONDUCT PUBLIC HEARING. CONSIDER. DISCUSS. ACT
[26-0824 Conduct a Public Hearing and Consider/Discuss/Act on a Retail Development Infrastructure Grant Application Submitted by Hope Hardware Building, LP (RI 26-02) in an Amount up to Fifty Thousand and NO/100 Dollars ($50,000.00) for the Installation of a Grease Trap including Necessary Plumbing and Site Work at the Hope Hardware Building Located at 214 E. Louisiana Street, McKinney, Texas. Request Represents 75% of Total Project Cost for Exterior Infrastructure.]
ON A RETAIL DEVELOPMENT INFRASTRUCTURE GRANT APPLICATION SUBMITTED BY HOPE HARDWARE BUILDING LP AND AN AMOUNT UP TO $50,000 FOR THE INSTALLATION OF A GREASE TRAP, INCLUDING NECESSARY PLUMBING AND SITE WORK AT THE HOPE HARDWARE BUILDING, LOCATED AT 214 EAST LOUISIANA STREET, MCKINNEY, TEXAS. REQUEST REPRESENTS 75% OF TOTAL PROJECT COSTS FOR EXTERIOR INFRASTRUCTURE. CLEO, HOW ARE YOU? HI. THE PRESIDENT CHAIRS AND SO NICE TO BE BACK. AND THANK YOU FOR THE OPPORTUNITY BECAUSE THE THE GRANT HAS BEEN GRANTED IN YEAR 2023 BECAUSE THE PROJECT HAS BEEN DELAYED FOR SO LONG AND. NOW THIS IS EXPIRED. AND I'M GLAD TO HAVE THIS OPPORTUNITY TO COME BACK BECAUSE BECAUSE THE CHANGE OF THE PLAN AND WE ARE HAVING A NEW RESTAURANT TO PUT INTO THE PANTRY, THE OLD SPACE AND THE RESTAURANT. THE OWNER IS ALSO, I DON'T KNOW IF Y'ALL KNOW THE KOJI SUSHI ON HIGHWAY FIVE, AND THE OWNER OF KOJI SUSHI, JOHN LEE, AND HIS PARTNER, THEY ALSO OWN A DIFFERENT RESTAURANT IN DIFFERENT. IN DALLAS. CARROLLTON AND DENTON. SO HE'S BRINGING IN HIS CONCEPT FROM DALLAS TO MCKINNEY. IT'S GOING TO BE A SUSHI BAR AND HAVE A NICE BIG SUSHI BAR IN THE WHOLE DINING AREA DOWNSTAIRS. AND THE SECOND FLOOR IS GOING TO BE A STEAKHOUSE. KOREAN STEAKHOUSE.THAT WILL BE ON THE MEZZANINE LEVEL. SO IT'S A COMBINATION OF SUSHI AND KOREAN STEAK. AND SUSHI BAR IS DEFINITELY ONE OF THE KIND. AND BECAUSE THE SUSHI CHEF WILL MAKE THE SUSHI RIGHT IN FRONT OF THE CUSTOMERS SO CUSTOMERS CAN CONVERGE. AND WITH THE SUSHI. SUSHI CHEF AND MAKE CUSTOMIZE THEIR ORDERS. SO THAT'S PART OF THE RESTAURANT. AND I THINK IT'S A DIFFERENT KIND OF RESTAURANT THAT DOWNTOWN NEEDS. AND ALSO THEY HAVE A LIQUOR BAR THAT PAIRED WITH THE AND, AND THE JAPANESE STYLE BEER BAR. I DON'T, I THINK THEY CALL EZEKIEL. ON THE.
ECONOMIC IMPACT. BASICALLY, YOU KNOW, WE'RE BRINGING CUSTOMERS AND THE DEFINITELY HIRING MORE PEOPLE. SO. NOW I WANT TO TALK ABOUT THE OVERALL BUDGET OF THE, THE, THE SPACE, THE WHOLE RENOVATION BUDGET ON OUR PART. WE HAVE TO DO THE FIRE SUPPRESSION AND THE BASIC BASIC INFRASTRUCTURE TO BRING UP TO THE CITY CODE. AND THE OVERALL RENOVATION IS ABOUT 1.7 MILLION, AND THE TENDON WILL PROBABLY INVEST MORE THAN $1 MILLION. AND ON THE LANDLORD PART, WE BUDGET ABOUT HALF $1 MILLION. AND NOW BACK TO THE REASON I'M HERE IS TO TO APPLY THE GRANT FOR THE FOR STREP, WE HAVE A LOT OF CHALLENGE FINDING THE RIGHT LOCATION FOR THE GREAT STREP BECAUSE WE CANNOT PUT OUTSIDE THE BUILDING BECAUSE JOHNSON ALLEY HAVE UTILITY LINES AND IT'S NOT NOT AVAILABLE FOR US TO PUT THE RED STRIPE OUTSIDE THE BUILDING. SO WE. WHAT JIM'S HELP IS TO LOCATE THE LOCATION INSIDE THE BUILDING. SO WE CREATE A
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ENCLOSURE SPACE AND INSTALL THE GREAT STREP INSIDE THE BUILDING. AND THEN THAT WILL TAKE US THE SITE. THIS IS THE SITE PLAN. AND WITH THE LOCATION OF THE STREP. AND NOW THE INSTALLATION OF THE GREAT STREP INSIDE THE BUILDING HAVE ALREADY PRETTY MUCH COMPLETE. AND THIS IS THE PICTURE. AND THE PLUMBING WORK IS THE PART THAT IS A LITTLE COMPLICATED. AND WE HAVE TO DIG OUT THE THE JOHNSON ALLEY AND OPEN UP AND TO CONNECT TO THE CITY SEWER LINE AND THE WATER LINE AND THE PART ON THE ON THE PICTURE. AND Y'ALL CAN SEE WITH THE HELP OF THE CITY MCKINNEY ENGINEERING DEPARTMENT, AND WE'LL BE ABLE TO COMPLETE THAT, THAT INSTALLATION. SO YOU CAN SEE THE PLUMBING WORK AND THE CITY UTILITY, THAT PART OF THE WORK IS COMPLETE. AND ON THE REA MARK, I PUT IT OUT THERE. IT'S THE THE LOCATION FOR THE DOOR. AND WE HAVE TO HAVE OUTSIDE ACCESS. SO WE HAVE TO OPEN THE BREAK AND OPEN THE, THE SPACE TO HAVE ACCESS THROUGH THE JOHNSON ALLEY. AND THAT PART OF THE JOB HAS NOT BEEN COMPLETED. SO. IF Y'ALL HAVE ANY QUESTION, MY TIME IS UP. YEAH. ANYONE HAVE QUESTIONS FOR CHLOE? OH, SORRY, I HAVE MORE OF A COMMENT. IT'S NOT NECESSARILY A QUESTION. CERTAINLY THERE'S SIGNIFICANT EXPENSE WITH THIS WORKAROUND THAT YOU'VE HAD TO DO FOR THE GREASE TRAP INSTALLATION INSIDE, AND THEN ACCESS FROM THE ALLEY, BUT 75% IS A VERY HIGH PERCENTAGE. I THINK FOR SOMETHING THAT WE'VE TYPICALLY FUNDED, WE USUALLY COMMENT WHEN IT'S SOMETHING OVER, YOU KNOW, OVER 50. SO I JUST WANT TO RAISE THAT FOR PERHAPS OTHER COMMENTS OR DISCUSSION ON THAT POINT. NOW IT'S ALREADY BEEN COMPLETED AND YOU'RE SEEKING REIMBURSEMENT, BUT SOME OF THIS WORK REMAINS AND HAS NOT BEEN PAID FOR. IS THAT CORRECT? THE PART THE LAST PICTURE IS THE THE SCOPE OF WORK HAS NOT COMPLETED. THAT'S THE PART OF THE ESTIMATE. AND THAT'S A BIG PART OF THE WORK BECAUSE WE HAVE TO OPEN THE BREAK AND THE LEVEL OF THE JOHNSON ALLEY AND THE BUILDING INSIDE THE BUILDING, IT'S NOT IT'S NOT THE SAME. SO WE HAVE TO CUT THROUGH THE CONCRETE OPEN SPACE. AND WE ALSO THAT'S THE DETAIL ON THE SCOPE. AND WE HAVE TO DO THE DEMO. OPEN THE WALL ON JOHNSON STREET, AND THEN WE HAVE TO REMOVE THE BREAK. AND WE HAVE TO WORK WITH THE STRUCTURAL ENGINEER AND MAKE SURE REINFORCE THAT EAST SIDE OF THE WALL TO THE BUILDING TO MAKE IT HAPPEN. AND JAMES IS HERE. HE'S THE ONE THAT WE WORK CLOSELY TO MAKE SURE THE EAST SIDE OF THE WALL IS STRONG ENOUGH TO BE ABLE TO, YOU KNOW, TO DO THIS KIND OF YEAH, TO OPEN UP AND PLUMBING IS THE PART THAT HAD THE BIGGEST EXPENSE BECAUSE WE HAVE TO DIG OUT THE, THE SPACE TO INSTALL THE, THE GREASE TRAP AND THEN CUT THROUGH THE BOTTOM OF THE BUILDING AND THEN CONNECT THE SOIL LINE TO HAVE THE PLUMBING, PLUMBING INSTALLED. RIGHT. SO THAT'S. YEAH. AND IF I'M NOT MISTAKEN, QUESTION IF YOU WANT, BUT IT'S ACTUALLY NOT 75% BECAUSE RIGHT HERE IT SAYS 75,000, BUT THE REQUEST IS 50. SO THAT'S 66%.WELL, THAT'S WHAT I WANTED TO ASK FOR CLARIFICATION ON BECAUSE YEAH, I MEAN, 75 IS VERY HIGH. THAT'S MORE PALATABLE IF IT'S CLOSER TO 60. BUT WHAT IS THE VARIANCE ON THAT? WHY IS IT JUST A TYPOGRAPHICAL ERROR OR IS THERE SOMETHING I DON'T KNOW? WELL, THE GRANT HAS BEEN APPROVED ON THE YEAR 2023 WITH THE 50,000. SO THAT'S WHY I'M APPLYING. SO I'M JUST COME BACK AND REAPPLY. SO IT'S IT'S AN UP TO AMOUNT ALSO UP TO ELIGIBLE ITEMS. YEAH.
YEAH. JUST THE PERCENTAGE. IT'S HERE'S A 75,000. WE'RE ONLY GRANTING 50. THAT'S 66%. BUT THE GRANT ALSO SAYS 75%. SO IT'S NOT 75% TO JOY'S CONCERN. WE'RE NOT GRANTING 75% OF IT AT MOST WERE GRANTING 66% OF IT. AND EVEN THAT MAY BE LOWER DEPENDING ON WHAT'S ACTUALLY
[01:30:05]
REIMBURSED. RIGHT. BUT ALSO TO THE POINT OF OVERALL RENOVATIONS INVOLVED IN THIS BUILDING. I KNOW YOU'RE NOT COMING TO US FOR SOME OF THE ELEMENTS THAT THE SLIDES SHOWED, BUT IF I'M NOT MISTAKEN, FIRE SUPPRESSION, WHICH WAS A SIGNIFICANT COST THAT YOU, AS THE LANDLORD IS THE OWNER OF THE BUILDING IS, ARE, IS BEARING IS ACTUALLY COVERED, RIGHT? ISN'T ISN'T THE CITY COVERING FIRE SUPPRESSION FOR DOWNTOWN? YES. WE USED TO COVER IT THROUGH OUR PROGRAM, BUT THE CITY COUNCIL DIRECTED THOSE REQUESTS TO GO TO TOURS AND NOT TO US FOR DOWNTOWN. BUT BUT SOME ELEMENT OF THE CITY IS PAYING FOR THAT, RIGHT? IS IT AN APPLICATION BASIS OR IS IT AUTOMATIC FOR FIRE SUPPRESSION IN DOWNTOWN? NO, IT'S AN APPLICATION BASIS. I DON'T KNOW IF THAT'S BEEN DONE YET. WE USED TO DO IT. YEAH, I KNOW, YEAH, I KNOW WE DID. I'M JUST BECAUSE THE CITY IS MAKING A SIGNIFICANT INVESTMENT, WHETHER IT COMES FROM US OR ANOTHER ENTITY IN THE CITY. AND THERE ARE ECONOMIC BENEFITS RIGHT FROM THE SALES TAX GENERATED FROM THE DINERS, BUT IT'S STILL OFFSETTING THE INDIVIDUAL OWNERS CONTRIBUTIONS TO THE PROJECT. SO I JUST, YOU KNOW, IT'S A LOT OF MONEY BEING INVESTED IN THIS PARTICULAR BUILDING. SO I GUESS THE QUESTION IS, HAVE YOU RECEIVED FUNDS FROM TOURS FOR INFRASTRUCTURE, HAVEN'T I? I AM APPLYING OKAY. BUT THE TURFS ARE REQUIRED TO, TO OBTAIN THE CEO FOR REIMBURSEMENT. SO WE, WE BECAUSE THE PROJECT HAS BEEN DELAYED FOR SO LONG. SO I HAVE TO SUBMIT THE RIGHT TIME. OTHERWISE IT'S GOING TO EXPIRE LIKE THE THE WHEN I APPLIED OVER HERE. YEAH. OKAY. THANK YOU. APPRECIATE IT. THANK YOU.OKAY. THANK YOU. THIS IS A PUBLIC HEARING. IS THERE ANYONE THAT WOULD LIKE TO SPEAK TO THIS ITEM? NOT ENTERTAIN A MOTION TO JUST CLOSE THE PUBLIC HEARING? AGAIN, WE WILL VOTE ON THIS ITEM AT THE SEPTEMBER 24TH MEETING. I MOVE TO CLOSE THE PUBLIC HEARING. SECOND. PLEASE CAST YOUR VOTES. THAT CONCLUDES OUR AGENDA. BOARD COMMENTS. LET'S START DOWN AT THAT END.
DO YOU HAVE ANY ANYONE HAVE COMMENTS I'D LIKE TO MAKE SEEING NONE, I'LL MAKE A MOTION TO ADJOURN. OKAY, I SECOND ALL IN FAVOR, CAST YOUR VOTES. AYE AYE AYE. ALL RIGHT, WE ARE ADJOURNED. DID YOU HAVE ANY COMMENTS, MR. CHAIRMAN? NO
* This transcript was compiled from uncorrected Closed Captioning.