Jul 21, 2020 McKinney Economic Development Corporation on 2020-07-21 8:00 AM

[00:00:07]

WE'RE CALLING ORDER CORPORATION'S BOARD. WE'RE IN CITY COUNCIL CHAMBERS TO POINT NORTH STREET IN TEXAS. A CORNER. SEE COUNSEL BABY PRESENT, NO CITY COUNCIL ACTION WILL BE TAKEN IN A CORNER OF ANY SPORT IS PRESIDENT SERVING IN ACTION. FORWARD AGAIN. I'D LIKE TO, UH, RECOGNIZED FORMERLY KNOWN AS ALTERNATE MR KRUGER'S REPLACING, REMEMBER WRATH.

WELCOME TO THE GROWN UP TABLE. THAT'S RIGHT, OK, WEI HAVE ANY PUBLIC COMMENTS ON AGENDA THIS MORNING? THERE WE WANT TO. 20-579. CORPORATION OF JUNE 16 POINTS. REMEMBER CELLS WERE IN

[CONSENT ITEMS]

[20-0580 Board and Liaison Updates Board Chairman City of McKinney Chamber of Commerce Community Development Corporation Visit McKinney]

HAPPY TO BE ABLE TO ADMINISTER THE FEDERAL FUNDS TO PROVIDE ASSISTANCE ON I'M SURE MR TOCAR WILL EXPAND ON THAT. BUT, UH, PROGRAM IS UNDER WAY. IT'S BEEN GOING FAIRLY SMOOTHLY THUS FAR, AND HOPEFULLY THAT CONTINUES. WAY HAVE. OUR CREDIT RATINGS FROM S AND P ARE IN. WE ARE ANTICIPATING. ANY DAY, IF NOT ALREADY BUT CERTAINLY WAS SUPPOSED TO BE EARLY THIS WEEK THAT MOODY'S WOULD ALSO CONFIRM IT. THE GOOD NEWS IS IN SPITE OF THE CHALLENGES THE PANDEMIC INDUCED ECONOMIC SLOWDOWN. WITH ALL OF THAT WE ARE STILL TRIPLE A COMMUNITY. WE ARE AFFIRMED BY S AND P IS A TRIPLE A COMMUNITY FOR OUR GENERAL OBLIGATION BONDS WERE DOUBLE PLUS FOR WATER. THAT IS VERY TYPICAL. IT'S VERY ANNOYING. UNUSUAL AND VERY HARD TO GET A TRIPLE A FOR WATER TO SERVICES. SO IT DOUBLE A PLUS IS REALLY HIS HIGHER YOU'RE GONNA GET FOR WATER UTILITIES. WEI HAVE, SPECIFICALLY WE'RE LOOKING AT ABOUT 40 MILLION ANGIO BONDS.

UH, WE'RE LOOKING AT ANOTHER 18 MILLION REFUNDING BONDS AND ABOUT 8.2 MILLION IN CERTIFICATES OF OBLIGATION. A CEO'S AS WE CALL THEM ON, SO WE'RE OFF TO THE RACES AND LIKE I SAID, I THINK MOODY'S WE HAVE A DRAFT REPORT THAT MOVIES SHOULD MAKE IT OFFICIAL AND A CONFIRMING EARLIER THIS WEEK, SAME THING. AND I WILL STAND FOR IN QUESTIONS. WOW. HAPPY LIKE THAT'S A SIT. THAT IS THAT'S CORRECT, AND THAT IS A POLICY, YOU KNOW, BASICALLY DECISION OF CITY COUNCIL, THIS COUNCIL AND ALL PREVIOUS COUNCILS. THEY HAVE HAD A VERY PRUDENT FINANCIAL MANAGEMENT POLICY IN PLACE. WE HAVE HEALTHY RESERVES AND THOSE THINGS. THEY ALL LOOK AT. AND IN SPITE OF THE REVENUE SHORTFALLS OR DOWNTURN, YOU'RE SEEING OURS ARE ACTUALLY FAIRLY STRONG, BUT WE'RE SEEING SOME DOWNTURN IN SOME AREAS, BUT NONETHELESS WE HAVE STRONG ENOUGH RESERVES TO MAINTAIN OUR TRIPLE A CREDIT RATING. WE EXPECT THAT CONTINUE. ALL RIGHT. THANK YOU VERY MUCH. CHAMBER OF COMMERCE CHAMBER.

CDC REPORTS IN HIS LESS WELCOME BACK. SEE FROM A LONG TIME. GOOD MORNING. HOW ARE YOU ALL

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[20-0581 Consider/Discuss MEDC Monthly Organizational Report]

WE HAVE SEEN. MY REALITY IS JUST FINE. IN THERE. I'VE MADE A LOT OF IT FOR ME TO GET TO ALL BUT IT WAS REALLY WAS A JOINT EFFORT. HERE YOU ARE TOGETHER. REALLY? CURIOSITY. I KNOW YOU'RE CLOSE TO 100% OF ALL THAT. ALSO BASED ON WHAT THEY FLY FOR, OR WAS ANY SCALE.

ANY PEOPLE PERCENT WILL STEAL BACK SOME OTHER REQUESTING THAT YOU CAN JUST FEEL ALL THE TIME SO THERE WAS PRESSURE WITHIN THE APPLICATION ON BUCKETS OF MONEY THAT YOU COULD APPLY FOR.

ALL EXPENDITURES. HAROLD. BUSINESS EXPENDITURES DO CLOSURE, SO. THEY WOULD APPLY THOSE PARAMETERS TO BE AWARDED MONEY. THAT WAS PRETTY. SO THERE'S SOMEONE GET CAROL.

RANCE IF YOU'RE. SOME PEOPLE ARE $1000 FROM THE OTHERS. RANCH IN ON WHAT YOUR FACE

[00:10:02]

20,000 IS ARTHUR PARTY ADMINISTRATOR TELLS POPULATIONS FOR US, SO WHAT I'M HEARING YOU SAY IT REALLY WAS WITH FORMAL THAT REALLY IT'S DECIDED. YOUR NAME OR DOLLARS? YES, THANK YOU. ANY OTHER QUESTIONS FOR PETER. LISTEN WANT TEO? 20-0 BODY TO DISCUSS THE NBC MONTH

[20-0582 Consider/Discuss MEDC Monthly Metrics Dashboard Report]

THIS IS A PROBLEM. THIS WILL BE THE POTENTIALLY THE LAST TIME YOU SEE THESE NUMBERS UP THERE AND WE'RE GOING OVER ARE. REVISED YEAR, SO WHILE GRAVITY PROBLEM, SAME ARE DIFFERENT.

ALL IN ALL AUTHORIZATIONS PERFORMING WELL, IT REALLY WELL, WE'RE. CONTRARY TO WHAT WE THOUGHT DECLINE. PIPELINE WITH EVERYTHING HAPPENED WITH SITUATION ACTUALLY SHARP INCREASE PRODUCT ACTIVITIES TO SEE WHERE WE'RE AH, LAST YEAR 100 FOR OUR PROJECT. WELL, WE HAVE A FIVE HOUR 1 60 MORE PRODUCTS. SO WE'RE THINKING VERY TIME. YOUR ACCOUNTANTS, ALL TRADITIONS OR NUMBERS. SEX. OKAY, 20 THERE. CYRIL THREE. CONSIDER DISGUST TECHNOLOGY

[20-0583 Consider/Discuss Technology and Infrastructure Update]

UM, RIGHT OF WAY CONGESTION TO FIGURE OUT THAT'S REALLY APPLICABLE TO US IS WE START DEVELOPING PROPERTY. TO FIGURE OUT WHAT'S ACTUALLY IN THE STREET BECAUSE, BELIEVE IT OR NOT. WE DON'T KNOW OR DON'T KNOW VERY WELL, UM, UTILITIES DON'T PROVIDE THAT INFORMATION VERY, VERY CLEARLY ON SOMETIMES, AS BILL DRAWINGS ARE NOT ACCURATE OR NOT REALLY, AH, LABELED CORRECTLY. IT'S OUR CONSULTANTS HELPING US WITH THAT ON THEN, FINALLY. UM ONE MORE THING. OH, THE FIBER ARTERIAL MAP TO MAP OUT EXISTING FIBER IN THE CITY. WE HAVE A GOOD IDEA OF WHERE IT IS. WE'RE DETERMINING CAPACITY RIGHT NOW SO THAT WE CAN ACCURATELY PRESENT PARCELS TO DEVELOPERS. ON. IT'S ALSO IMPORTANT FOR US AS WE START TO EXPAND FIBER TO THE HOME, EXPLORE RESIDENTIAL FIBER SERVICES IN THE UNDERSERVED PARTS OF MCKINNEY. IT'S NICE TO KNOW WHERE THOSE BACKBONES ARE AND SEE WHAT WE CAN DO TO DRIVE. MORE BROADBAND ACCESS TO OUR CITY RESIDENTS. UM, THAT BEING SAID, I'LL MAKE SURE THAT YOU WILL GET A COPY OF THE HEALTH REPORT AFTER IT GOES THROUGH THE COUNCIL PROCESSES EVENING ON DH. I'M HAPPY TO ANSWER ANY QUESTIONS. SO YOU'RE LOOKING FOR IT IS, AND THAT'S PART OF WHY THE RIGHT AWAY CONGESTION MAP CAME UP WAS YOU KNOW? WATER LINES, GAS LINE SEWER LINES AND ELECTRICITY AND FIBRE ALL BURIED TOGETHER IN A BUNDLE OR SOMEWHAT OF A BUNDLE WITHIN SIX FEET OF THE CURB, RIGHT. AND SO IF YOU HAVE A NEW DEVELOPER COMING IN THAT NEEDS TO INCREASE THE WATER LINE SIZE. THAT'S A PROBLEM BECAUSE THEY HAVE TO DIG THROUGH THE SEWER, THE GAS, THE POWER THE FIBER. SO IT'S NICE TO KNOW THAT ALL KIND OF PLAYS TOGETHER. IT'S NICE TO KNOW WHAT'S ACTUALLY THERE AND THEN I ALSO PLAYS INTO THE DESIGN THE CONDO DESIGN. IT'S SUPPOSED. THE GOAL IS TO STREAMLINE. AND RELOCATE SOME OF THE EXISTING FIBER FROM THE PROVIDERS INTO A MORE CONSOLIDATE A BUNDLE. THEY LIKE TO OWN THEIR OWN CONDUIT, AND OUR GOAL IS TO PROVIDE A LOW COST SOLUTION TO CONSOLIDATE THAT INTO A SMALLER PACKAGE, SO THERE'S LESS OF THE RIGHT OF WAY CONSUMED IN THE CITY. AND WE TAKE. WE TAKE THAT CONTROL BACK SO THAT WE CAN INCREASE THE WATERLINE SIZE. WE CAN INCREASE POWER. IF WE NEED TO.

WE CAN INCREASE ACCESS. SO THAT'S THE WHOLE GOAL IS. KIND OF THE STATE TOOK AWAY SAMOVAR

[00:15:03]

[20-0584 Consider/Discuss/Act on May 2020 Financials]

IT'S GREAT TO SEE EVERYONE AGAIN. WE'RE GOING TO GO BACK A MONTH AND 1/2. WE'LL BE GOING OVER THE MAID FINANCIALS, UM, PAGE SO REVENUES WE SAW ABOUT 1.3 MILLION. EXPENDITURES AROUND OF RIGHT OUT 1,500,000 THAT WAS FOR PROJECT EXPENDITURES THAT RESULTED IN THAT PROFIT OF AROUND 300,000 FOR THE MONTH OF MAY. SO MOVING ON THE SALES TAX ON THE HOT TOPIC GOING AROUND, UM. I'M GOING TO START WITH. I'M GOING TO GO THROUGH. SO THIS IS THE MONTH OF MAY IS GOING TO MARCH COLLECTIONS ON WILL GO FORWARD UNTIL WHAT? WE JUST RECEIVED THIS PAST THE THING LAST FRIDAY'S WON'T RECEIVE IT. SO FOR MARTIN, MAKE. COLLECTIONS FOR MARCH SALES TAX. SO THIS WAS THE FIRST OUT OF POINT FOR COVE IN 19 WE SAW 1.1% DECREASE WHEN WE RECEIVED THE YEAR AGO ARE SISTER CITIES, ALAN SAW A LOSS OF 7.3. FRISCO SO LOST 12.

HEY, NO SORROW LOSS OF 4% SO WE'RE TRAINING BETTER THAN THEM, UM, CAN SAVE MY COMMENTS AND THE REASON WHY WE THINK WE'RE TRENDING BETTER, BUT I'M GOING TO HIT THE OTHER MONTHS. UM, FIRST AS WELL. SO FOR JUNE COLLECTIONS. THIS IS FOR THE MONTH OF APRIL. WE SAW A 12.1% INCREASE. NOW OUR CITY ARE SISTER CITIES. PLANO SAW 13% DECREASE. ALAN SALT, 17% DECREASE IN FRISCO SAW 13% DECREASE SO YOU CAN SEE THAT'S TRAINING THAT WE HAVE A LOT OF VERY DIFFERENT OUTCOME THAT SOME ARE SISTER CITIES. MOVING TO OUR LAST DATA COLLECTION.

THIS IS JUST FROM LAST FRIDAY, WE HAD 18.2% INCREASE. PLANO HAD A 17% DECREASE. ALLEN HAD A 7% DECREASE AND BRISCOE HAD A 7% DECREASE. SO AND SAYING ALL THAT WE'RE SEEING INCREASES ARE SISTER CITIES THEY'RE SEEING DECREASES. THE REASONS THAT WE KIND OF THOUGHT ABOUT THIS, AND A BIG PART IS THAT A CITY WE'RE STILL AT A DIFFERENT RATE OF EXPANSION THAT ARE SISTER CITIES. THEY HAVE KIND OF MORE LEVELED OUT AND SO NATURE OF IT IS FOR EXPANDING AT A CERTAIN RATE, EVEN A LOSS THERE EVEN SOME LIGHT COVE IT IMPACTS US. IT'S NOT GOING TO IMPACT THIS THE LEVEL THAT THEY WOULD WHEN YOU'RE LOOKING AT PERCENT INCREASES FROM YEAR TO YEAR.

JUST DOES THAT RATE OF EXPANSION WILL COVER SOME OF THAT. AND FOR GROSS NUMBERS, FOR EXAMPLE, WE SEE WE GET AROUND LIKE A LITTLE, OR FIVE MILLION A MONTH IN SALES TAX FRISCO AND PLAYING ON MY BE SEEN AROUND SEVEN MILLION, SO GROSS NUMBERS WERE STILL TRYING TO CATCH UP TO THOSE GROSS NUMBERS. SO WE'RE LOOKING AT THE INCREASE IS THAT COULD BE A REASON WHY ANOTHER REASON. WHY IS THE NEW SALES TAX BILL THAT ALL NON CELLS ARE ALEC? COOL TOE WHEREVER THEY'RE PERSON? PURCHASES IT NOW SO SOME CITIES THAT HURTS SOME SAY THAT HELPS.

WE'VE DETERMINED FOR CITY MCKINNEY THAT HELPS US OUT A LOT MORE. THAT JUST IS THE.

FACT OF SOME BUSINESSES WE HAVE HERE. WE HAVE ALSO MANUFACTURERS AND STUFF LIKE THAT. THAT THAT WOULDN'T HURT US. BUT OTHER CITIES THAT YOU KNOW IF THEY HAVE AMAZON OR SOMETHING LIKE THAT, THAT HURTS THEM, BUT HELPS US NOW THAT WE GET A PORTION OF THAT SELLS TAX. SO I WILL SAY THAT WE SAW, YOU KNOW, 18% INCREASE, YOU KNOW FOR JULY AND ABOUT 15% FOR JUNE. ABOUT SIX OR 7% OF THAT IS WE HAVE A NEW TAXPAYER THAT'S PAYING AROUND 600.

50,007 MONTH THEY WERE PAYING $15 A MONTH. ALL THE WAY BACK TO MARCH. SO SOMETHING'S OFF.

THEY'RE THE COMPTROLLER'S LOOKING INTO THAT AND THEY'RE GOING TO CONFIRMED US AS SOON AS THEY CAN. IF THAT'S. YOU KNOW, FOR SURE SHOULD BE COMING TO US. OR MAYBE THAT SHOULD BE.

MAYBE THAT WAS ATTRIBUTABLE TO ALL THE MONTHS PRIOR LIKE AN AUDIT ADJUSTMENT. WE DON'T KNOW YET. WE JUST KNOW THAT SOMETHING LOOKS DIFFERENT THERE. BUT EVEN WITH THAT FACTORED OUT, WE'RE STILL SEEING A 10% INCREASE. WALLACE'S OUR CITY'S AIR SEEING DECREASES SO SAYING ALL THAT I'LL ANSWER ANY QUESTIONS, AND I APPLAUD YOU AND THE WHOLE CITY FOR KIND OF HOW EVERYTHING'S TRAINING. QUESTIONS HAVE YOU SAID THROUGH LAST FRIDAY NUMBERS EXES OUT A MONTH TODAY THROUGH LAST NOTES. THE WAY IT WORKS IS WE GOT LAST FRIDAY THERE FIRST. I THINK THE FIRST FRIDAY OF EVERY MONTH WE RECEIVED SELLS TAX FOR THAT PRIOR MONTH, SO THIS JULY COLLECTIONS FOR THE FULL MONTH OF JUNE ARE SORRY IT'S A TWO MONTH LACE THAT THIS WOULD BE FOR ME. WITH THE ELECTION CITY, AMAZON. HE HEARD THEY HAVE AN AMAZON DISTRIBUTION FACILITY, AND THEY WERE GETTING TAXES SPACE. WHAT WAS DISTRIBUTED THERE? THE KITTY HOME ADDRESS, WHICH PROBABLY MINE. CORRECT SO, YEAH, THE WAY USEDTO WORK IS ANY ANYTHING LIKE AMAZON THAT THEY HAD A FACILITY IN THEIR CITY. ALL THOSE CELLS WOULD BE ATTRIBUTED TO THAT CITY. NOW IT JUST WENT LIVE WITH EARLIER THIS YEAR. THE NEW SALES TAX BILL THAT THEY HAVE THE ALKY THAT AT OUT OF THE CITIES THAT WERE THE CELLS CELLS WHERE THE CELL WAS MADE SO CORRECT SO IT'S A LITTLE DIFFERENT THAN IT, WASS. DO YOU

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SO WE, D'OH, NOT FOR THESE NEW TWO MONTHS FOR MAY WE DID AND WE'RE KIND OF SEEING KIND OF WAY WHERE WE SAW OURSELVES FOR THE MONTH OF MARCH. SO LIKE FOOD, ACCOMMODATION SERVICES WENT DOWN. YOU'D EXPECT THAT SORT OF THING. START TO CLOSE. RETAIL TRADE STATE. PRETTY CONSISTENT MANUFACTURING WAS GOING UP REALLY. THERE'S NOTHING THAT JUMPED OUT OF A JUMPED OUT LIKE A BIG OUTLIER OR SOMETHING THAT WOULD BE HEY, THIS IS SOMETHING WE NEED TO LOOK INTO. REALLY. EVERYTHING WAS ATTRIBUTABLE TO WHAT'S BEEN GOING ON. AND THERE'S NOTHING REALLY TO KNOW. BUT THOSE ARE ALL ON OUR WEBSITE. YOUR FRITO LOOK AT OPEN GOLF AND I'LL SHOW YOU EVERY INDUSTRY WHAT IT WAS LAST YEAR WHAT IT IS THIS YEAR. AND ONCE WE GET THE NEW CONFIDENTIALITY REPORTS WILL UPDATE THOSE FOR THE NORMANS AS WELL. SO. THANKS. OKAY, LET'S

[20-0585 Consider/Discuss/Act on a Resolution Establishing Standing Committees and Appointing Former Subcommittee Members]

MR. GOOD MORNING, MR CHAIRMAN AND MEMBERS OF THE BOARD. THIS PERSON IS. REALLY A HOUSEKEEPING MATTER. YOU HAVE HAD SUBCOMMITTEES FOR MANY YEARS THAT PERFORM VARIOUS FUNCTIONS AS FARAS RECOMMENDATIONS FOR YOUR FOR YOUR BOARD, AND THERE WAS REQUEST THAT WE MAKE THESE FORMAL A CZ IS ALSO CONTEMPLATED BY THE BYLAWS. SO WHAT WE'VE DONE IS CREATED A RESOLUTION WHERE YOU WILL FORMALIZE THES IN THE STANDING COMMITTEES. AND ESSENTIALLY REAPPOINT THE MEMBERS THAT ARE ALREADY SERVING ON THOSE TODAY.

AND THERE'S UH, HOPEFULLY WE GOT ALL THE PEOPLE RIGHT IN THE NAMES OF THE PARTICULAR THE INNOVATION FUND IS ALSO IN THE NEXT JET NEXT AGENDA ITEM, BUT WE ALSO PUT IT IN HERE SO THAT WE HAVE A NICE CLEAN RESOLUTIONS SHOWING ALL THE PLEASE. JUST GREAT MAX THINKING LATER, BECAUSE I THINK I NEED TO DO. OKAY SO IS PART OF THIS AGENDA. JUST ABSOLUTELY ABSOLUTELY. SO. WE NEED A MOTION FOR THE RIGHT ARE THREE ARE THREE. CURRENTLY STANDING COMMITTEES NORMALLY NOTICE UP FINANCIALLY, ALL THOSE THOSE COMMITTEES ARE BY APPOINTMENT STANDING POSITION. OKAY? FOR EMOTION, TIO PROOF. BY THIS MILLER FOR SECOND. ALL RIGHT, SO KRUGER NATIONAL. 60. OKAY, MOVING ON 20 PASTORAL LIFE SAFE, RESOLUTION POLICY AUTHORIZING

[20-0586 Consider/Discuss/Act on a Resolution Approving a Policy Authorizing the MEDC President to Approve and Execute Innovation Fund Grant Applications]

RELATIVELY LOW AT THE OUTSET TO SEE THERE WE HAVE A DEMONSTRATED TRACK RECORD.

ALLIANCE WITH OUR STANDARDS. GUYS WITH PROCESS. OVER TIME, AS WE SEE THAT CERTAINLY INCREASE THAT THRESHOLD. WARM. THIS IS WHAT PERSON. I WAS THINKING. BASED ON. OUR

[00:25:11]

TYPICALLY ONES THAT HAVE BEEN COMING IN RECENTLY, ACTUALLY. DOLLAR. HER APPLICATION BECAUSE WE'RE STARTING TO GET A VERY TIGHT. WELL IN THE INNOVATION STARTED PHASE, BUT CONSTANTLY.

FURTHER ALONG IN THE PROCESS, AND THEY'RE COMING FROM OUT OF STATE. WE'VE HAD ADDITIONAL RESOURCES FOR RELOCATION OF COMPANIES AS WELL. I MEAN, A RECOMMENDATION BASED ON WHAT I BELIEVE THE LOWER THRESHOLD PROJECTS WOULD BE PROBABLY THE SUMMER. RAGE IN THOSE LOWER LOWER PRODUCTS. FIND WHAT. HERE. I THINK YOU'RE TRYING TO DO IS BUT. ALSO MANAGED EXPECTATIONS THAT IF IT IS SET TO LOW A PARTIAL, YOU'RE STILL ALIVE. SO. I WOULD JUST RECOMMEND MORNING. ALREADY 60 THOUSANDS, PROBABLY THAT THRESHOLD BECAUSE WE REALLY DO SKILLS DEVELOPMENT FUND DOLLARS TO BE SETTING A 50,000 AND WE HAVE A COMPANY THAT'S COMING FROM OUT OF STATE. WE DO RELOCATION ASSISTANCE. WELL, HAVE YOU DON'T THREE OR, YOU KNOW, MAYBE UPTO $5000 WORTH OF SKILLS DEVELOPMENT. IT'LL PUT AT 55 SO I WOULD JUST SUGGEST HAVING SOMETHING THAT'S KIND OF A THRESHOLD. TO ALLOW FOR SKILLS DEVELOPMENT WITHIN THAT AS WELL, UM AND PRETTY MUCH CAPTURE THE GROWTH FUND ASPECT OF THE THOSE TYPES OF PROJECTS.

THOSE DON'T EXCEED 50 K ON, EH? LEVEL WHEN IT COMES TO THE JOBS. WHEN IT COMES TO SKILLS DEVELOPMENT. YOU COULD SEE ANYWHERE. I THINK IT'S UPTO. MATHEMATICALLY I THINK IT'S FIVE OR SIX IS THE MAX. MOST OF THEM DON'T MEET THAT REQUIREMENT, SO IT'S ANYWHERE BETWEEN 50 AND 55. THREE YEARS. THAT'S WHAT CONFUSION PROJECTS. MAYBE THAT DANIEL. YES, IT'S OVER THREE YEAR TERM, AND THEY DIFFER BASED INNOVATIONS, USUALLY EXECUTING GROWTH FUNDS, USUALLY 50% UPFRONT. THAT'S TYPICALLY HOW WE'VE BEEN DOING THAT WITH 25% PAYMENTS YEAR OVER YEAR FOLLOWING. UM THE REGULAR INNOVATION FUND IS JUST A THREE YEAR TERM. I BELIEVE THIS SOLUTION ALSO REQUIRED SO SIGHT YOU BY THE TO BE ESTABLISHED. YES, SIR. IT IS BASICALLY A PROCESS WHERE THE APPLICATION COMES IN. ONCE YOU SET THE DOLLAR LIMIT. THE STAFF REVIEW THE APPLICATION AND THEN IT WILL BE PRESENTED TO THE COMMITTEE. ON THE COMMITTEE BASICALLY IS THERETO KIND OF CHECK AND BALANCE. IT'S NOT AH, THIS BY THE COMMITTEE. IT'S REALLY THEM TO SEE YOU KNOW THAT EVERYTHING'S BEEN LOOKED AT. THEN, ONCE THE COMMITTEE REVIEWS, THEN THE PRESIDENT WILL SIGN OR NOT SIGN BECAUSE THE PRESIDENT ALSO HAS THE DISCRETION TO BRING THE ITEM BACK TO YOU FOR ANY REASON. EVEN IF IT'S COMPLIANT, SO IT IS REALLY JUST A PROCESS WHERE YOUR COMMITTEE IS GETTING. LITTLE BIT MORE INPUT. MAYBE HAVE A QUESTION. GUYS GUIDANCE OVERSIGHT. HOPEFULLY, THE PROCESS GOES SMOOTHLY, SO THAT YOU DON'T SEE IS MANY OF WHICH I THINK WAS ONE OF THE INITIAL. AS LONG AS THEY'RE COMPLIANT.

INITIATE EXPLANATION OF SYCAMORE ON HANDLE BASIS PROJECT. 25,000 FOR YOUR THRESHOLD. TAXES. NO WAY HAVEN'T SET A NUMBER FOR THAT YET FOR OUR BUDGET ASPECT. ONLY

[00:30:17]

FORM A LINE BUT SECURITY. WE WON'T KNOW WHAT THAT WAS LIKE WHEN WE GET TO THE MURDER. SO YOU SLEEP WITH NO RELATIVE CERTAINTY THROUGHOUT THE YEAR BECAUSE OUR PRODUCTS WE FIND A PROJECT. IT'S TYPICALLY NOT DOUBT THE SAME YEARS WAY WELL FOR IT. LONG YEARS. WAY SHOULD BE ABLE TO CREATE THAT ONE NUMBER DURING OUR NORMAL. AS A MOTHER. WAIT INTO THIS DISCUSSION RESOLUTION. OVER ACTING ON TODAY, OR WE NEED TO POSTPONE THAT I WOULD ACTUALLY DO IT WITH YOUR BUDGET. I DON'T BELIEVE IT HAS. MR CHAIRMAN, I GUESS FROM MY STANDPOINT MISS CELIA PROBLEM. AFRICAN OVER A THREE YEAR PERIOD IS 60,000. BIGGER ISSUE IS ANYONE HERE? FOR A PROJECT WE'RE SAYING. NO. RIGHT? ALL SOLUTIONS RIGHT RIGHT NOW. THE RESOLUTION HAS PLACED ALL OF THIS. LET THEM 25 YEARS OR THREE YEARS, 75. DIDN'T THINK ABOUT IT FROM THE PERSPECTIVE OF THE BUSINESS. THEY HAVE A TO OVERCOME TO GET THAT RIGHT, WHICH IS JUSTICE COMMITTEE. BUT DO YOU REALLY LIKE OVER B, COME BEFORE THE BOARD AND RISK. SO I WONDER FOR STATE BUSINESS OWNER IF IT MAY NOT BE. WE MAY NOT BE ABLE TO GET THE BEST DOLLARS IF YOU HAVE SOMETHING LIKE 25 YEARS OR THREE YEARS, PEOPLE 75 HATE IF YOU REALLY WANT TO GO FOR A HUNT. YOU CAN GO FOUR YOU. ME? YOU. BY EXPLORING. YOU HAVE A TOTAL, WHICH IS SOMEONE THERE'S THE CHECKS. MASON. SO A TOTAL INCENTIVE OVER A THREE TIME AT SEA. YES. THAT'S RIGHT. I THINK.

YOU GUYS I FIGURE IT LIKE THIS FARAS. YOU KNOW, LIKE SOME OF THE FUNDINGS THEY'RE HIRING FROM, WASN'T TOO PROBABLY CHANGED WAY FUN. THOSE. THOSE ARE SPRINGING THAT ON YOU.

GIVEN THE THAT PROSPECT THAT ONE FROM YOU WHETHER IT'S YOUR IS PRESENT IN FRONT OF THAT WORD. DOCTOR. HERE. YOU KNOW THE ONES THAT FOLLOWED. IT IS REVOLUTION ARE THOSE THAT ARE FUNDED AT 75,000 OR LESS. HAS STILL TO BE THE SPIRIT OF IT. O'RYAN YOU'RE 1 15 15. OH, IT'S JUST A STREET. STILL IS 75 YEARS APART ON THE FRONT END VERSUS YOUR THREE WITHOUT YOUR

[00:35:09]

HOW MANY DOLLARS GO OUT IN YOUR ONE? HOW MANY DOLLARS WENT OUT? YOU'RE TOO AND. YOUR JOB CAN ALWAYS BE TO COME BACK TO THE BOARD AND SAY, LOOK, WE'RE OVER OUR SKIS, YOU KNOW? WE WERE, SO LET'S PULL BACK OUR LINE ITEM NEXT YEAR. I THINK THAT THE COMMITTEE HAS THAT. DISCRETION TO LOOK FORWARD. LOOK IN THE GIVEN FISCAL YEAR AS WELL. I PERSONALLY FAVOR POWER IN ACTIVITY WITH OVERSIGHT GUYS. FORTUNATE JOE'S IN SALARIES IN CONVERSATION. SO 75. I THINK I HEAR SOMETHING SENSES OVER I LIKE TO HAVE SOME KIND OF CAT ARE MY CONCERN IS THIS. SO MANY TIMES THERE'S EXCEPT FOR JOBS THAT MAKE SENSE OF THESE JOBS HERE, MCKINNEY AND SO I LOVED INTO INCENTIVIZING COMPANY TO COME. BUT YOU KNOW WORDS, YOU GUYS HERE. THEY GOT 10 9 PEOPLE, YOU KNOW, AND WE'RE SPENDING MONEY ON THAT SO. TO ME. THAT'S THE DETAILS. ARE OKAY WITH THAT, BUT I WANT TO MAKE SURE IT'S TIGHT ON THOSE JOBS HERE. AFTER MY QUESTION FOR YOU THE WAY WE WANT TO MAKE IT A POLICY OR THAT ONE. IS YOUR $1 WAS THAT THE HARD AND FAST OR YOU BE MORE WHERE YOU WANTED TO BE A LITTLE MORE? WELL HERE'S A GUIDELINE. THAT'S MY I'M JUST I'M JUST CURIOUS IS WHAT YOU WANTED. WELL, WE ALREADY HAVE APPROVED GUIDELINES THAT HAVE BEEN. THIS IS WHY WE NEED TO DISCUSS THAT NOW BECAUSE I THINK WILL BE APPLICATIONS ARE DETERMINED THAT FIRST YEAR CAPTURED. RIGHT NOW. WE REALLY DIFFICULT WITHOUT HAVING ANY IDEA OVERALL, BUT ALL OF THESE PROJECTS ARE LOOKING. THAT JUST SOUNDS LIKE. I THINK IT'S A SOLITARY PERSON. YEAH. OR LOOKING. THROUGH THE AGONY. WAIT I THINK WE ARRIVED CONSENSUS FROM $75,000. QUESTION CHALLENGE THERE GOES OUT TO YOUR ONE. SHOULD SHOULD WITH MORE COMFORTABLE EMPOWERING TO BE ESTABLISHED COMMITTEE WITHOUT RESPONSIBILITY TO PROVIDE OVERSIGHT. GIVE YOU COMFORT. YOU'RE LOOKING FOR THAT. ALL RIGHT, OKAY, OKAY. I WAS LEADING IT. YOU NEVER FORMER CAROL. OKAY, SO WHAT? WE'RE APPROVING A RESOLUTION DRAFTED WITH A THRESHOLD OF $75,000 IN TOTAL. AND WE'RE GOING TO.

PROVIDE THE COMMITTEE WITH THE POWER TO WORK WITH DETERMINING THAT IS ALLOCATED ACROSS THE YEARS OF THE. THAT'S WHAT I GOT YOU OKAY? SO I GUESS THE FIRST AND THEN WE NEED TO FORMALLY.

YOU COUNTED IT IN THE LAST RESOLUTION, BUT IT WON'T HURT TO GO AHEAD ARE RESTATE THOSE PEOPLE'S NAMES. SO FOR RECORD CURRENT MEMBERS OF THE INNOVATION, ASKED FORCE

[00:40:07]

LET'S DO THAT EMOTIONAL PROVE. SOMETHING. GUYS FIGHTING OVER A SECOND. THIS IS LIKE YOU. OH, WHATEVER, WAY DIFFERENT, RIGHT. OKAY. MOTION APPROVED SECONDED BY MR MEMBERS, PLEASE CAST.

OKAY, THAT WAS APPROVED SIX ZEROS. FOR THE RECORD. I NEVER LOCK STEP ASIDE FOR A SECOND.

[20-0587 Consider/Discuss/Act on 2020 MEDC Key Performance Indicators]

PRETEND WE'RE IN JANUARY RIGHT NOW. SO ALL OF EVEN THOUGH WE'RE HALFWAY, YOU KNOW A LITTLE BIT OVER HALFWAY THROUGH THE YEAR. THESE GOALS AND OBJECTIVES WILL WE WOULD HAVE SET BACK IN JANUARY TO ACHIEVE BY THE END OF 2020 SO. WHEN WE WERE PUTTING THIS TOGETHER, WE KIND OF HAD TO REWIND OUR BRAIN SIX MONTHS AND SAY, WELL, LET'S LET'S PRETEND WE'RE IN JANUARY.

WHY WE'RE DOING THIS AND THIS IS WHAT WE'D LIKE TO ACHIEVE BY THE END OF THE YEAR. SO, UM.

AGAINST SOME OF THE GOALS FOR THAT, OR YOU UTILIZE DIGITAL OUTREACH PROGRAMS, INCLUDING PAID AD CAMPAIGNS. JUST PAINT INDUSTRY, TRADE SHOWS, DIRECT MARKETING TRIPS AND HOST FAM TOURS WITH PROSPECTS. NOW WE UNDERSTAND THAT FAM TOURS, UH. AREN'T REALLY GONNA HAPPEN RIGHT NOW, BUT AGAIN FOR IN JANUARY, THAT WOULD HAVE BEEN ONE OF OUR GOALS FOR 2020 UM.

SO THE EYES IS PRESENTED. OBJECTS WANT TO WORK. RATIONS ALL HAD SOMETHING TO REOPENING.

[00:45:04]

I'LL SKIP OVER THE OTHER THINGS THAT YOU CAN READ AND GO TO THE ACTIONABLE GOALS. S O GOALS FOR THIS YEAR ON MARKETING SOCIAL MEDIA WEBSITE ARE CREATE FOCUS CONFERENCE TO TARGETED AUDIENCE THROUGH ORGANIC UNPAID MARKETING CAMPAIGNS, INCREASED CUSTOMER ENGAGEMENT WITH OUR MARKETING CAMPAIGNS. CONVERT MARKETING TARGETS INTO PROJECT LEADS. LAUNCH INDUSTRY SPECIFIC NEWSLETTERS IN ADDITION TO QUARTERLY BROKERS AND COMMUNITY, NO NEWSLETTERS AT DOWNLOADABLE INFORMATION DATA SHEETS TO THE WEBSITE ON CITY DEMOGRAPHICS. AND AGAIN, WE'LL GET TO OUR METRICS CHART OF ALL THE DIFFERENT METRICS THAT WE'RE ANALYZING MONTHLY. BUT THEN OUR KPS ON THAT OUR LAUNCH A MINIMUM OF FIVE TARGETED MARKETING CAMPAIGNS. MAINTAIN A 40% OPEN RATE FOR ALL MARKETING AUTOMATION CAMPAIGNS LAUNCHED AT LEAST ONE INDUSTRY SPECIFIC NEWSLETTER HAVE FAST FACTS DOWNLOADABLE INFORMATION SHEETS AVAILABLE IN THE WEBSITE AND INCREASE CONSUMER ORGANIC ENGAGEMENT ON MARKETING PLATFORMS BY 5% OVER THE NATIONAL INDUSTRY AVERAGE. THE OBSERVATIONS, QUESTIONS ORDERS. RIGHT, SO KEEP NUMBER THREE IS A NEW K P R THEY, WE ADDED, CONTEMPLATING. WE HAVE A PLAN TO HAVE THE ADDITION OF A DIRECTOR OF BUSINESS INTELLIGENCE, SO REALLY GETTING INTO THE DATA ON ANALYTICS PORTION OF THE IMMEDIACY AND HOW WE CAN USE THAT TEO TO MARKET THE CITY AND TO BETTER OUR OPERATIONS. SO FROM A BUSINESS INTELLIGENCE, PERSPECTIVE PERSPECTIVE, I'LL GO THROUGH ALL FIVE BUCKETS SINCE THIS IS A COMPLETELY NEW ONE. THE IMMEDIACY WILL UTILIZE BUSINESS INTELLIGENCE TO PROVIDE MEANINGFUL DATA AND INFORMATION THAT ENHANCES THE APPEAL OF MCKINNEY THROUGH DATA VISUALIZATION AND DATA DRIVEN REPORTING. ON DH. WHAT WE HOPED TO ACHIEVE AS THE OUTCOME IS, THE NBC WILL ACHIEVE A HIGHER LEVEL OF COMPARATIVE INSIGHT THAT DIFFERENTIATES MCKINNEY AS A MARKET FOR BUSINESS ATTRACTION AND BETTER COMMUNICATE OUR VALUE PROPOSITION TO INTERNAL AND EXTERNAL STAKEHOLDERS.

QUESTIONS. COMMENTS ON THAT. TWO. FROM THAT PERIOD. YOU SAID THAT YOU ALSO NEED TO DO SOMETHING. CREATION AND BEST OCCASION AS. LIKE YOUR TARGET, DEMOGRAPHICS AND BUSINESSES YET.

WE'RE REFINING OUR TARGET MARKETS. YES CURRENTLY OUR DIRECTOR BUSINESS INTELLIGENCE IS PERFORMING COMPETITIVE ANALYSIS ON OUR DIFFERENT MARKETS AROUND THE COUNTRY ARE COMPETITIVE MARKETS. OUR COMPARATIVE MARKETS ON DH LOOKING HOW WE CAN KIND OF MIND THE DATA FROM THOSE MARKETS BETTER REDEFINED OUR MATERIALS TO HELP. TARGET THOSE MARKETS BETTER, SO SHE'S DOING A LOT OF DEEP DIVING INTO OUR COMPETITIVENESS AND THE MARKETS THAT WE DIRECTLY COMPETE WITH AND ARE TRYING TO RECRUIT FROM. IT'S MICHAEL HERE IS PUT OUR ALSO GOING TO TAKE THE NEXT STEP. AND ONCE YOU ARE IN SPECIFIC INDUSTRIES IT'S VERY DEVELOPED. INDUSTRY LEVEL DATA THAT MATCH UP WITH YOUR GR. ABSOLUTELY YES. ON DH THAT ACTUALLY WILL IS KIND OF ONE OF THE. ONE OF THE MAIN FOCAL POINTS FROM OUR STRATEGIC PLANNING SESSION THAT WE HAVE PLANNED IS TOO FROM A FULL BOARD PERSPECTIVE. TALK ABOUT ARE WHAT WE WILL STAFF BELIEVES ARE TARGETED. MARKETS ARE AND WHAT. THE BOARD INTO SHOWCASE THOSE TO THE BOARD TO SEE IF YOU GUYS HAVE ANY ADDITIONS TO THOSE, BUT REALLY KIND OF NAILED DOWN. WHAT EXACTLY ARE OUR TARGET MARKETS THAT WE'RE GOING AFTER? ARE WE ALL IN AGREEMENT ON THAT OR DESERTED ADDITIONAL MARKETS THAT THAT YOU GUYS BELIEVE WE SHOULD BE GOING AFTER AS WELL. SO THAT THAT IS IT KIND OF ONE OF THE KEY DRIVERS FOR THAT STRATEGIC PLANNING SESSION THAT WE WANTED THAT WE WERE WANTED TO DO THIS YEAR TO KIND OF HELP BETTER

[00:50:03]

UNIFY ALL CITYWIDE DATASETS AND DEMOGRAPHICS VIA CREATION OF ONE DATA INITIATIVE. AGAIN AT FAST FACT INFORMATION. DAD, SHE'S THE WEBSITE WEBSITE RESEARCH. COMPETITIVENESS OF MCKINNEY VERSE COMPETITIVE MARKETS ON THEN AGAIN, WELL, WE HAVE A METRIC START. THEN KEEP ME EYES FOR THAT ARE COMPLETE THE FAST FACTS UPLOAD TO THE WEBSITE, WHICH ACTUALLY IS ALREADY COMPLETE. THEY'RE ALREADY UP UP THERE. HOLLY JUMPED ON THAT RIGHT AWAY AND IT'S ALREADY THERE. COMPLETE COMPETITIVE COMPETITIVENESS STUDY OF AT LEAST TWO COMPARATIVE MARKETS COMPLETE UNIFIED DATA, UH, THAT IS USED CITYWIDE, WHICH IS THE ONE DATA INITIATIVE. RUSSIANS ON THIS PEOPLE. YOU KNOW, UM. MBER FOUR WAS ALSO A CONSOLIDATION WE HAD LATELY GENERATION AND. NEW BUSINESS ATTRACTION, ALL IN TWO SEPARATE KP EYES LAST YEAR WE CONSOLIDATED THEM INTO ONE TO JUST LEAD GENERATION AND OUTREACH. SO THE IMAGES HE WILL PARTICIPATE AND TRADE MISSIONS, DIRECT MARKETING TRIPS, INDUSTRY CONFERENCES AND LOCALIZED EVENTS. RECRUIT NATIONAL AND INTERNATIONAL BUSINESS. PROSPECTS TO PROMOTE.

MCKINNEY IS THE PREMIER CITY IN NORTH TEXAS FOR CORPORATE INVESTMENT. ANDI AGAIN, THE OUTCOME OF THAT IS GENERATE HIGH SKILLED, HIGH WAGE BUSINESS, CORPORATE AND DEVELOPMENT PROJECTS IN THE CITY. MCKINNEY SOME. OF THE ACTUAL GOALS FROM THAT WILL BE BUILD RELATIONSHIPS WITH LOCAL AND REGIONAL BROKERAGE AND SITE SELECTION, COMMUNITY PARTICIPATING SITE SELECTION CONFERENCES AND EVENT PARTICIPATE IN NATIONAL AND INTERNATIONAL TRADE MISSION AND PARTICIPATE IN NATIONAL AND INTERNATIONAL INDUSTRY CONFERENCES. ON AGAIN. KP EYES GENERATOR. AT LEAST FIVE NATIONAL INTERNATIONAL PROJECT LEADS. SEND OUT FOR QUARTERLY NEWSLETTER TO BROKERS IN SIGHT. SELECTORS VIA MARKETING AUTOMATION PLATFORM AND PARTICIPATE IN A MINIMUM OF FIVE LOCAL BROKER EVENTS.

QUESTIONS. YOU'RE SCARING ME. UH UM, NUMBER FIVE INFRASTRUCTURE DEVELOPMENT.

THIS AGAIN WAS A NEW, UM. A NEW K P I BASED ON HAVING A TECHNOLOGY INFRASTRUCTURE SPECIALIST IN HOUSE THAT IS WORKING ON OUR IN GROUND TECHNOLOGY INFRASTRUCTURE NEEDS SO UTILIZING INFRASTRUCTURE LET ECONOMIC DEVELOP PRINCIPLES TO CDC WILL SEEK TO ENGAGE TECHNOLOGY INFRASTRUCTURE PROVIDERS TO INVEST IN TECH INFRASTRUCTURE. I WILL SERVE AS A CATALYST FOR BOTH BUSINESS ATTRACTION AND COMMUNITY LIFESTYLE IMPROVEMENT. UM. THE OUTCOME OF THAT IS FORMAL SITTING MCKINNEY ADOPTION OF WIRELESS INFRASTRUCTURE POLICY, ACCOMPANIED BY WRITTEN COMMITMENT FROM WIRELESS SERVICE PROVIDERS FOR 2021 DEPLOYMENT PLAN OF WIRELESS INFRASTRUCTURE ON TARGETED PROPERTIES WITHIN THE CITY OF MCKINNEY. SOME OF THE ACTIONABLE GOALS THAT WILL BE ACHIEVED THIS YEAR IDENTIFIED 3 TO 5 TARGETED PROPERTIES FOR WIRELESS INFRASTRUCTURE DEPLOYMENT. WORK WITH CONTRACTED FIVE G CONSULTANT ON HEALTH REPORT AND POLICY DRAFTS. ROUNDTABLE LANDOWNERS AND DEVELOPERS ABOUT FIVE GM PLANS RESEARCH VIABLE USES FOR FIVE G TECHNOLOGY. AND AGAIN, WE WILL HAVE METRICS ASSOCIATE WITH THAT. AND THE K P I'S ON THIS ONE IS DELIVER A FIVE DAY HEALTH REPORT AND DESIGN MANUAL BY Q 3 2020. ENGAGE AT LEAST ONE DEVELOPMENT AS A TEST SITE FOR TECH INFRASTRUCTURE, ROLL UP AND DELIVER INDUSTRY SPECIFIC USE CASES FOR FIVE DAY'S TECHNOLOGY. QUESTIONS, COMMENTS. FOR BEING DOWN CONSTRUCTION. WHAT'S THE INTERFACE BETWEEN. IT'S ALL IT'S ALL ONE GROUPS OF THE ESSENTIALLY THE 50 TASK FORCE IS LIKE MICHAEL SITS ON THAT TEST FORCE IN ALL OF THE RESEARCH AND DEVELOPMENT BEING DONE IN TANDEM. TYPICALLY THE WAY IT'S WORKING RIGHT NOW, SINCE WE HAVE A GREEN IS A CONSULTANT ON THE CITY SIDE, THOSE REPORTS ARE BEING DEVELOPED AND PRESENTED TO CITY COUNCIL AND THEN WE'LL BE ONCE. THEY'VE GONE THROUGH CITY COUNCIL WILL COME. THIS CITY HAS TO APPROVE. THEY'RE JUST DEVELOPING THE PROGRAM GUIDELINES AND THE GENERAL.

GUIDING PRINCIPLES FOR HAL FUNGI CAN BE IMPLEMENTED WITHIN THE CITY. AND THEN, OF COURSE, AS A CITY POLICY AND GUIDELINES. WE WILL POINT. IT FOLLOWS POLICIES AS WELL. ALL RIGHT. NUMBER SIX. INCREASED COMMERCIAL TAX BASE AS PRIMARY OBJECTIVE. THE CDC WILL SEEK

[00:55:03]

HE GOT BUSINESS RECRUITMENT OPPORTUNITIES UTILIZED ME, DC ASSETS AS A CONDUIT FOR DEVELOPMENT ACTIVITY. METRICS CHART ON KP ARSONISTS ARE HAVING ACTIVE CAPITAL INVESTMENT PIPELINE OF 200 MILLION FROM IMMEDIACY PROJECTS ANNUALLY, AND THAT'S THE CALENDAR YEAR. ON AIMED FOR INCREASE OF EPICS OF AT LEAST 20% VERSE PRIOR YEAR. NOW, THIS ONE. WE DID CHANGE A LITTLE BIT. FROM WHAT THE GOALS WERE STATED US. LAST YEAR, BASED ON SOME RESEARCH THAT WE DID SO. ONE LAST YEAR, THERE WAS A, UM KP IN THERE THAT SAID, INCREASED THE TAX BASE 20% YEAR OVER YEAR. BUT IT ALSO SAID, UM. TARGET 200 MILLION IN CAPITAL INVESTMENT FOR THE YEAR. THOSE TO KP EYES ACTUALLY CONFLICTED EACH OTHER BECAUSE YOU CAN'T INCREASE 20% YEAR OVER YEAR. 20% OVER LAST YEAR WOULD NOT BE 200 MILLION. SO WE CHANGED IT TO SAY WHAT WE'D LIKETO HAVE TO MAINTAIN, IS A PROJECT PIPELINE OF AT LEAST 2 $200 MILLION IN CAPITAL INVESTMENT MEETING. AS WE WORK ON THESE PROJECTS, A SZE YU ALL KNOW SOME OF THEM EXTEND FOR QUITE A LONG TIME AND THAT CAPITAL INVESTMENT FOLLOWS THAT PROJECT AND HIS ONLY COUNTED WHEN WE ACTUALLY COME TO A DEAL AND ANNOUNCEMENT. SO WE MAY START A PROJECT THIS YEAR. THAT DOESN'T ACTUALLY COME TO FRUITION UNTIL 2022 BOAT BUT WE WILL CARRY THE VALUE OF THAT PROJECT UNTIL IT SINKS OR SWIMS. SO WHAT OUR GOAL IS TO IS TO ALWAYS HAVE A MINIMUM $200 MILLION OF ACTIVITY WITHIN THE PIPELINE. SO THAT WE KNOW WE CAN.

HOPEFULLY CAPTURE THAT VALUE AT SOME LANDING POINT ALONG ALONG THE WAY AND THEN LOOKING AT A 20% VERSUS PRIOR YEAR THAT. THAT MAKES A LOT MORE SENSE THAN 20% YEAR OVER YEAR BECAUSE IF WE KEEP INCREASING YEAR OVER YEAR, I MEAN, WE'RE GOING TO GET INTO SOME PRETTY BIG NUMBERS THAT MIGHT BE NOT SUSTAINABLE. SO IT'S JUST WHAT. JUNE 20% OVER WHATEVER THE CAPITAL INVESTMENT WAS OVER THE PRIOR YEAR. AND ACTUALLY, IF YOU LOOK AT. IF WE HAD THAT SAME K P I LAST YEAR FROM 2018 TO 2019 OUR CAPITAL INVESTMENT WENT UP OVER 100% YEAR TO YEAR PROJECT ACTIVITY. SO, UM WE THINK THAT'S A BETTER. I GUESS GAUGE OF HOW WE'RE PERFORMING IS IF WE SET A 20% GOAL OVER THE PREVIOUS YEAR, AND WE MAY INCREASE IT BY 600. BUT. BUT THE GOAL IS JUST 20% EVERY YEAR. SO LAST YEAR ARE OUR CAPITAL INVESTMENT WAS 176 MILLION.

SOBEL TARGET, 20 ARE TARGET FOR THIS YEAR'S 20. OF 176 PLUS 276. THAT MAKES SENSE. SO.

EVERYONE ADVICE CONVERSATION. APPRECIATE THE NEED FOR A RULE US PIPELINE, BUT A PIPELINE IS RESULTS. LIKE WHAT WAS NOT ACTUAL RESULTS. AND WE HEARD THE WAY WE KEEP SCORE CURRENTLY IS. PROJECTS UNDER CONTRACT WITH DEI SIGN. AT THIS EARLY WHEN THE PROJECT IS KEEPING SCORE WILL GET A CONTRACT. YOU THEY KNOW, WITH SOME CERTAINTY. SOME COMPENSATION. SAY WHAT THEY ALL SAY. HE IS A GOOD WAY TALKED ABOUT THAT LAST YEAR'S WELL IN IT. IT COULD BE. IT GETS SOMEWHAT COMPLICATED WHEN WE'RE TALKING ABOUT WHEN DO WE COUNT THE NUMBER? TYPICALLY WE'VE ALWAYS COUNTED THE NUMBER AND I'M TALKING TYPICALLY PRIOR JOBS TO THIS, AND I THINK THE WAY WE DID THE LAST YEAR. WE CANNOT WHEN WE MAKE A PROJECT ANNOUNCEMENT. FOR EXAMPLE, THE RAYTHEON PROJECT LAST YEAR WE ANNOUNCED THAT IN AUGUST THAT WAS COUNTED IN OUR LAST YEAR'S NUMBERS CONTRACT WASN'T SCIENTIFIC VIEW, ERI SO IF WE HAD WAITED TILL THE WEEK. I SIGNED A CONTRACT IN LAST YEAR'S NUMBERS WOULD BE 76 MILLION, NOT 176 MILLION, BUT THAT PROJECT CAME FROM 2019. SO IT WASN'T SO TYPICALLY THE WAY THAT WE REPORT THESE NUMBERS ARE WHEN THE PROJECT IS ANNOUNCED. UM. WHEN YOU SAW THAT WE TALKED FOR. A NUMBER OF

[01:00:09]

IT'S NOT FOR THE LEAST NECESSARY. GET OUT. HEARING'S MORE. SO THIS IS SHOW MORE IS WHAT IS STAFF DOING MEASURABLE. KEEP PIPELINE THEY EXCLUSIVELY REALLY CONTROL. SO THAT'S LIKE STRUCTURE BECAUSE. OUR RESULTS SO DON'T GIVE ME SOMETHING LIKE THIS, PETER, SAY SOMETHING HERE'S $100 MILLION DEAL. LET'S GO BEFORE THE BOARD AND. THEIR OWN PIPELINE. WAY. TO GET BUSY.

REED. THAT TYPE, WHICH YOU AND SO. WHAT FLORENCE INDICATOR IS NOT JUST. AND SO, TO ME, IT IS.

LOOKING AT THE SCORE. HEY, WAIT BASIS WHAT WE AS ENTITY? NOT JUST DO THAT STAFF, BRINGING IN PROJECTS THAT WERE CONFIDENT. ALIVE CREW WERE TURNED DOWN. AT SOME POINT COUNSELOR NEEDS TO CHANGE. AND IF I COULD POINT OUT THAT HARD TARGET YOU'RE LOOKING FOR KEN IS FACTORED INTO NUMBER TWO, SO. THE WAY THAT SAYS IT SAYS 20% VERSUS PRIOR YEAR SO WE WOULD OUR GOAL FOR THIS YEAR WOULD BE 211 MILLION IN CAPITAL INVESTMENT. THAT'S 20% OF PLUS 1 76 SO.

THAT HARDENED HARD NUMBER IS BUILT IN THERE OF A GOAL TO GET TO THAT YOU KNOW IF WE IF WE DON'T HIT 211.2 MILLION IN CAPITAL INVESTMENT THIS YEAR, WE WILL NOT MEET THAT CAPE.

WHERE'S REALLY IT'S NOT GROUP PROJECTS IS JUST IN POTENTIAL PROJECTS. AND THAT AND THAT, AND THE GOAL OF THAT ONE IS JUST TOO MAINTAIN A ACTIVE PROJECT PIPELINE THAT HAS VALUE THAT SHOWS WERE CONTINUALLY CREATING VALUE WE COULD HIT 200 MILLION IN THE NEXT YEAR. ZERO AND SO THEN WE'RE STARTING FROM SCRATCH JUST TO KNOW THAT WE. IF WE MAINTAIN THAT VALUE WITHIN THE PIPELINE, THEN WORST THAT MEANS WE'RE STILL GETTING PROJECTS WERE STILL SEEKING OUT PROJECT. ACTIVITY. THERE'S A ROPE. WITHIN THIS SUMMER. WAS ACTUALLY APPROVED. RESULTS.

WHAT IS THE RESULT OF YOU DON'T REALLY HAVE. PATRICK INHERIT, SO IT'S OKAY. REALLY? SENSUAL PROJECTS. WE WANT TO SEE. IT'S ACTUALLY. THAT'S THAT'S NUMBER TWO. ALL RIGHT, HOW'S THIS WAY WE STRIKE THE WORDS AIMED FOR. STRICTLY ABOUT THE INCREASE IN CAMP AT LEAST 20% VERSUS PRIVATE HERE. YOU'RE 1976 POINT TO POINT. KEEP WE'RE GONNA DO IT. RIGHT FOR CENTS INCREASE.

THAT'S FINE. I HAVE A DECISION. CONTRACT. RELATED ANNOUNCEMENTS, RIGHT? YES. YES,

[01:05:04]

THE THIS WAS OUR. NUMBER, THOUGH. WAS OUR 20 NUMBER. SO IS EVERYBODY COMFORTABLE WITH NUMBER TWO BEING INCREASING COUPLE OF AT LEAST 20% WORSE PRIOR YEAR STATE THE NUMBER OF ANNOUNCED PROJECTS NUMBER TWO NUMBER TWO UNDER NUMBER SIX, NUMBER TWO. I OKAY. AND FINALLY, NUMBER SEVEN IS BUSINESS RETENTION AND EXPANSION. PREVIOUSLY THIS WAS NEW BUSINESS RETENTION EXPANSION PROGRAM. WE ACHIEVED THAT WE'VE GOT ONE IN PLACE OR NOT. THIS IS JUST A GENERAL BUSINESS. ATTENTION AND EXPANSION KP SO SEANCES AND ENGAGE LOCAL MCKINNEY BASED BUSINESSES TO BUILDING MAINTAIN RELATIONSHIPS AS WELL. SEEK OUT ANY ASSISTANCE OR EXPANSION OPPORTUNITIES. STANDARD DEFINITION OF BERRY. UM MAINTAIN RELATIONS WITH BUSINESS IN THE COMMUNITY AND BE AVAILABLE FOR ALL BUSINESS ASSISTANCE AND EXPANSION NEEDS. ACTIONABLE GOALS, CONDUCT VERY VISITS WITH LOCAL BUSINESSES CREATE A BERRY TEAM OF COMMUNITY PARTNERS DEVELOP PROGRAM AND INITIATIVES REASONS.

ASSISTANCE DEVELOP A COMMUNITY NEWSLETTER TO KEEP THE LOCAL COMM ENGAGED WITH ME. AC KPS.

FOR THIS OR VISIT AT LEAST 100 BIKINI BUSINESSES ANNUALLY ENGAGED THE TOP 10 EMPLOYERS AT LEAST THREE TIMES PER YEAR. HOST TO COMMUNITY FORMS ANNUALLY AND DEPLOY FOR QUARTERLY COMMUNITY NEWSLETTERS ANNUALLY. AND THEN IN ADDITION TO OUR KP EYES, THE'S ARE THE 2020 IMMEDIACY CITY COUNCIL GOALS AS SET BY CITY COUNCIL IN THERE CITY PLAN THIS IS SOMETHING WE ALL, UM OUR RESPONSIBLE FOR MEETING EVERY YEAR. AND THIS IS THE 2020 CITY COUNCILS THAT WERE SET THROUGH THE CITY STRATEGIC PLANNING SESSION FOR ALL DEPARTMENTS. UM.

DEVELOPED A PLAN CALENDAR WITH SERIOUS FOR COMMUNITY MEETINGS TO EDUCATE THE GENERAL PUBLIC ON THE MEDIA CM CDC ORGANIZATIONAL GOALS, PROJECTS AND BENEFITS BY SEPTEMBER 2020.

WE'VE MARKED THAT ONE AS COMPLETE BECAUSE PRIOR TO COVE IT WE HAD MORE THAN FOUR COMMUNITY EVENTS SCHEDULED. SO I'LL NEED SOME DIRECTION FROM THE CITY ADMINISTRATOR ON IF WE CAN COUNT THAT AS COMPLETE BECAUSE WE HAD THOSE VERSUS WE'LL JUST MARKET A NOT A BECAUSE DUE TO COVET. SO, BUT WE DID JUST FOR THE BOARD'S KNOWLEDGE. WE DID HAVE THOSE COMMUNITY EVENTS PLANNED. WE JUST HAD TO CANCEL THEM BECAUSE OF IT. IMPLEMENT NBC QUARTERLY NEWSLETTER BY SEPTEMBER 2020. WE HAVE IT EXPAND VERY NETWORKING PROGRAM TO PARTNER WITH TWO COMMITTEE ORGANIZATION TO INCREASE OUTREACH OPPORTUNITIES BY SEPTEMBER 2020. WE'VE COMPLETED THAT WE HAVE BOTH CHAMBER AND THE CDC AND THE CVB. SO WE HAVE THREE COMMUNITY PARTNERS THAT PARTICIPATE IN OUR VERY TASK FORCE. DEVELOPED COMMUNITY RELATIONS. WE ARE REACHING ASSISTANCE BY CONNECTING WITH 300 LOCAL EMPLOYERS BY SEPTEMBER 2020. I'M NOT GONNA MAKE THAT ONE WITH A COVERT AND NOT BEING ABLE TO VISIT AND TALK TO PEOPLE. WE WILL GET AS HIGH AS WE CAN IN THAT. BUT THAT'S THAT'S A REALLY BIG NUMBER. TIO TO TRY TO GET TO, BUT WE'RE ENDEAVORING TO DO IT. WE STILL HAVE HALF YEAR LEFT SO WE'LL SEE HOW FAR WE GET. PROVIDE A MINIMUM OF TWO STRATEGIC PLANNING SESSIONS WITH BOARD ON IMPLEMENTATION AND DEVELOPMENT OF IMMEDIACY, OWN DEVELOPMENT SITES BY SEPTEMBER 2020. I PUT THIS ONE AS COMPLETE BECAUSE WE HAVE OUR ONGOING REAL ESTATE SUBCOMMITTEE MEETING THAT ESSENTIALLY TALKS ABOUT THIS AGENDA ITEM EVERY SINGLE MONTH.

A CZ WELLA SZE YU KNOW PERIODICALLY WE BRING DEVELOPMENT PROPOSALS TO THE BOARD FOR CONSIDERATION SO I WENT HEAD MARK, THIS ONE ASKED AS COMPLETE IF YOU GUYS BELIEVE THAT'S INCORRECT. HIM. GOOD ON DH FINALLY ASSIST CITY MANAGER'S OFFICE WITH LEADERSHIP AND COORDINATION OF CITY WHAT FIVE PENISES FOR CREON DEVELOPMENT PARTNERS THROUGH 2020. THAT ONE IS ONGOING. UH, BY THE END OF THE YEAR, WE WILL MARK THAT COMPLETE BUT. IT IS STILL CURRENTLY HAPPENING, SO IT'S IN PROGRESS. AND THEN FINALLY.

[01:10:01]

PROGRESS. RIGHT? NOW. THAT WE'RE WORKING ON, BUT JEEZ. THE REALLY HAVE CHANGED SINCE LAST YEAR. THESE AIR INTO THE SAME METRICS THAT WE WERE EVALUATING LAST YEAR. UM. AS ALWAYS, IF YOU GUYS IF THERE'S AN ADDITIONAL METRIC HE'D LIKE US TO ADD, WE CAN ADD IT. UM BECAUSE AGAIN, THE METRICS IS JUST THINK THINGS THOUGH. WE COUNT THE CAPE IS WHAT THE INTERPRETATION OF ALL THOSE METRICS MEAN TO OUR ORGANIZATION. AND THAT'S THE.

2020 REVISED KP EYES. FOR YOUR CONSIDERATION AND OR APPROVAL. THANKS. I GUESS I ACCOMPLISH WORK. VERY HAPPY WITH THE PROGRESS WE'RE MAKING. OR THE VERY MUCH FOCUS ORGANIZATION.

SIGNIFICANT SET FOR OUR FOR OUR ORGANIZATION IN THE LAST COUPLE YEARS. ONE, OKAY, SO HAVING RECEIVED A REPORT. TO, UH, APPROVED FOR A SECOND. SECOND, MR KRUGER. OR CASH, ACTUALLY, UH, ONE MINUTE CHANGES. OH, YES. I'M SORRY. ROOTING FOR THANK YOU. THAT'S ALL. EXECUTE.

ALL RIGHT. WHO'S THE GENERALLY FOR CITIZEN POUNDS THIS MORNING. YES. OKAY? ANYBODY

[BOARD COMMENTS]

[EXECUTIVE SESSION]