[00:00:03]
          I JUST HAD AN N. YES, MA'AM. ARE YOU READY TO GO, SIR? OKAY. IT IS 6:00. I CALL THIS REGULAR 
          [1. Call to order; Establishment of Quorum]
MEETING OF THE BRYSON CITY ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS TO ORDER THE. 
          [3. Approval of Minutes from: ]
WE DO HAVE A QUORUM PRESENT FOR THE FIRST ITEM ON THE AGENDA IS APPROVAL OF THE MINUTES FROM JUNE 28TH, 2025. REGULAR BOARD MEETING. DO I HAVE A MOTION ONN& THE MINUTES? I HAD ALREADY MADE THAT CORRECTION. OKAY. OKAY. WITH THE CORRECTION, I SECOND HAVE A MOTION AND A SECOND. AS NOTED. ANY FURTHER DISCUSSION? HEARING NONE. ALL IN FAVOR? AYE, AYE. ANY OPPOSED? MOTION 
          [4. Discussion:]
CARRIES. ITEM NUMBER FOUR IS A DISCUSSION ON THE RECENT ACTIVITIES OF THE CITY ECONOMIC DEVELOPMENT CORPORATION. YOU'RE& NOT EDDIE. YOU CANNOT PRESENT SO, JOSH. GO AHEAD. THANK YOU. 
          WALTER. BOARD. GOOD EVENING TOO& ECONOMIC DEVELOPMENT. CAN YOU HEAR ME BETTER? PRETTY GOOD. 
          THANK YOU. SO. SO THIS ITEM, ONE PRESENTATION FOR BOTH ITEMS TONIGHT. IT'S GOING TO BE FOR FOUR AND FIVE. WHAT WE'RE GOING TO DO IS I'LL JUST START OFF WITH A BRIEF UPDATE ON ALL THE ACTIVITIES. FOR THE PAST EIGHT WEEKS WE'VE IT'S BEEN ABOUT TWO MONTHS SINCE WE GAVE YOU THE LATEST AND GREATEST UPDATES. SO THIS CONTAINS WHAT WE'VE DONE SINCE THEN. AND THEN HALFWAY THROUGH, I'LL STOP FOR QUESTIONS. THEN WE'LL PIVOT TOO& HAVING EDDIE PRESENT ON THE BUDGET. OKAY, SO I'LL START WIT& THE BASIC REQUESTS THAT THE EDC BOARD OF DIRECTORS APPROVES THE FISCAL YEAR 2026 BUDGET OF THE HORIZON ECONOMIC DEVELOPMENT CORPORATION, AND WE DO RECOMMEND APPROVAL. SO I'LL START WITH OUR EPV THE MARKET. YOU ALL REMEMBER THIS EVENT. IT WAS A SUCCESS. IT REALLY WAS. WE HAD A LOT OFF& FOLKS COME OUT. THANKFULLY IT WAS THE FIRST OF ITS KIND IN HORIZON CITY. I DO THINK THATT& THE PEOPLE THAT SHOWED UP, I HOPE YOU ENJOYED IT. AND SO, YOU KNOW, WE WERE ENCOURAGED BY A FEW THINGS THAT WE SAW, BUT REALLY BY THE ECONOMIC DEVELOPMENT DIRECTOR. AND I THINK SHE'S ALSO COMMUNITY DEVELOPMENT DIRECTOR FOR PROJECT VIVA. SHE SAID THIS IS THE MOST WELL ORGANIZED VIDA MARKET THAT& THEY'VE HAD. AND SO WHERE IT WA& OUR FIRST ONE. SO WE DEFINITELY NEEDED TO HEAR THAT KIND OF WORD. AND SO WE'RE APPRECIATIVE. 
          YEAH. LET ME PAUSE IT. SO YES, DEFINITELY. THE EVENT WENT OFF REALLY WELL. WE HOSTED THE MARKET RIGHT HERE IN HORIZON CITY AT OUR NEW OFFICES. WE FEATURED 40 LOCAL VENDORS. AND IT WAS REALLY SPECIAL TO US BECAUSE THESE WERE A LOT OFF& FOLKS THAT DIDN'T HAVE DON'T HAVE BRICK AND MORTARS OR OTHER WAYS TO REACH THE PUBLIC. AND SO THIS WAS, FOR MANY OF THEM, ONE OF THE FIRST TIMES THAT THEY GOT TO BE IN FRONT OF CLIENTS. ANDD& THAT WENT PRETTY WELL. AND WHAT WE DID IS WE TOOK ADVANTAGE OFF& THE MOMENT TO HAVE A LOT OF THE OTHER PEOPLE THAT WE WORK WITH TO GO TALK TO THE BUSINESSES, TO GET THEM READY FOR THE NEXT LEVEL. BE BE THAT A BUSINESS PLAN, DEVELOPMENT OR FINANCING. AND SO IT WAS GOOD FOR THE PUBLIC, IT WAS GOOD FOR THE ORGANIZATIONS AND ESPECIALLY GOOD FOR THE BUSINESSES THAT WERE INVOLVED. AND SO IT DREW A DECENT CROWD, A STRONG CROWD..& AND WE DID HIGHLIGHT HORIZON CITY'S GROWING COMMUNITY SUPPORT. WE FEATURED FREE BOOTHS FOR LOCAL VENDORS, FOOD TRUCKS, COMMUNITY ORGANIZATIONS. WE ALSO HAD LIVE ENTERTAINMENT INCLUDING FOLKLORICO, ZUMBA AND DANCE PERFORMANCES. AND THEN WE ALSO HAD A FEW DIFFERENT THINGS THAT WE USE INSIDE THE CROWDS AND THE PEOPLE THERE. SO WE HAD LAUGHTER THERAPY, WE GATHERED THE CROWDS& AND EVEN SOME OF THE VENDORS WE& HAD WORKSHOPS FOR THAT. WE HAD CHILDREN ENGAGE IN FACE PAINTING, BALLOON ART AND CLOWN SHOW, SO IT WAS REALLY A FULL ON EVENT. THE INTENT WAS NOT TOO& MAKE IT GEARED TOWARDS ONE SINGLE DEMOGRAPHIC, BUT REALLY MAKE IT A COMMUNITY EVENT. AND I THINK WE'VE LEARNED ENOUGH THAT& WE KNOW HOW TO KEEP IT GROWING. 
          OUR INTENT IS TO KEEP IT COMING BACK EVERY YEAR. AND FINALLY, WE DID HAVE MEDIA OUTLETS THAT WERE BROADCASTING LIVE. AND SO THAT'S ADDITIONAL MEDIA FOR THE FOLKS THERE AND ALSO FOR HORIZON CITY. 
          HERE'S SOME PHOTOGRAPHS OF THE EVENT. AND AS YOU CAN SEE, IT'S PRETTY WELL ATTENDED. WE SPREAD& OUT ACROSS OUR PARKING LOT AT OUR HCDC OFFICES, AND SO THAT WAS ALSO A CHANCE FOR US TO TAKE ADVANTAGE OF THE INVESTMENT THAT WE MADE IN THE OFFICES, BECAUSE WE SERVED AS THE HOST. AND SO THAT ALLOWED US TO SHARE OUR FACILITIES WITH PEOPLE WHO NEEDED TO SEE, FOR EXAMPLE, SOME OF THE BUSINESSES NEEDED TO GET& IN THERE AND TALK TO CERTAIN PEOPLE. SO IT WAS SORT OF THE STAGING FOR A LOT OF THE DOWNSTAIRS AND A LOT OF THE PERFORMERS, AND THEN ALSO FOR A LOT OF LEADERSHIP. SO WE GOT TO SHOW OFF OUR, OUR OFFICES AS WELL. IT'S NOT THE FORMAL OFFIC& WARMING PARTY, BUT BUT IT IT DEFINITELY INTRODUCED US TO THE COMMUNITY. SO YOU CAN SEE A LOT OF PHOTOGRAPHS HERE. THERE WE HAVE THE MAYOR CAME OUT TO SPEAK TO THE FOLKS WHO HAVE PD THERE, AND THEN WE HAVE OUR BOSS'S SON ACTUALLY ON THE ON THE RIGHT SIDE. AND THAT'S REALLY BECAUSE WE HAD A KIDS EVENT SHOWN THERE WERE A LOT OF KIDS. THIS IS A BIRD THAT LANDED ON HIS HAND, BY THE WAY. AND SO HE JUST PLAYED IT OFF AND IT'S PLAYED IT OFF A LOT COOLER THAN I WOULD HAVE IF& 
          [00:05:05]
IT WERE TO LAND ON MY HAND. BUT BUT IT WAS REALLY A GOOD FAMILY& EVENT. IT'S A REALLY HAPPY TO REPORT THAT THAT WENT WELL. HERE'S A SHORT VIDEO. WE HAD A FEW VIDEO VIDEOS MADE THAT WE'RE GOING TO USE TO PROMOTE THE EVENT, PROMOTE HORIZON CITY, PROMOTE EDC. THIS IS A SHORT ONE THAT WE JUST THOUGHT WE'D INCLUDE HERE FOR Y'ALL'S BENEFIT. LET ME GO BACK THERE. I DON'T WANT TO. BETTO, CAN YOU SCROLL OVER AND JUST IF YOU SCROLL OVER THAT, YOU'LL SEE THE PLAY. IF YOU CAN JUST HIT PLAY FOR ME PLEASE. AND YOU MIGHT WANT TO CRANK UP THE AUDIO. AQU& EN FAMILIA. QUÉ SE HACE DE DOS O TRES VECES POR DONDE VAMOS A LOS NEGOCIOS LOCALES? SERVICIOS TODOS LOS NEGOCIOS YA SEA DE NEGOCIOS NEGOCIOS PEQUENOS NEGOCIOS ESTABLECIDOS NEGOCIOS ESTABLECIDOS EN BIENVENIDOS A PARTICIPAR EN ESTE EVENTO. PROJECT VIDA IS THE PARTNER HER& IN HORIZON CITY, SO THEY INVITED FOOD ■VENDOR VISTA OR CREDITT& UNION, THE POLICE DEPARTMENT WORKFORCE SOLUTIONS BORDERPLEX, WHICH IS ANOTHER PARTNER FOR THE HORIZON CITY ECONOMIC DEVELOPMENT CORPORATION. WE JUST DECIDED TO SET UP OUR BUSINESSS& AT VIDA MARKET BECAUSE WE WANT TO SHOW THEM THAT WE ARE A FITNESS BASED GYM SO WE CAN HELP PEOPLE BE THE BEST VERSION OFF& THEMSELVES. APOYARNOS ENTRE TODOS, TODO Y PARA TODOS. SO. SO IT'S KIND OF FUN. AND YOU KNOW, WE INCLUDED THAT VIDEO, NOT JUST YOU GOT TO GIVE YOU A MOVING IMAGERY OF WHAT WE DID, BUT ALSO TO SHOW OFF THE VIDEO CAPACITYY& THAT WE'VE GOT. NOW, YOU ALL REMEMBER THAT YOU APPROVED, THANKFULLY. THANK YOU FOR THAT. OUR NEW MEDIA TEAM, THIS IS THEIR FIRST PRODUCT FOR US AND WE THINK IT WAS REALLY A QUALITY PRODUCT. THEY WERE EASY TO WORK WITH. AND SO THESE ARE THE KIND OF VIDEOS THAT WE'RE GOING TOO& USE TO PROMOTE OURSELVES. AND BY OURSELVES I MEAN HORIZON CITY AND ALSO THE LOCAL BUSINESS MARKET. SO KEEP AN EYE OUT FOR THESE KIND OF VIDEOS. AND OF COURSE WE'LL SHARE THEM WITH YOU ALL. EVENTUALLY WE'RE GOING TOO& GET THEM UPLOADED TO OUR YOUTUBE SO THAT WE HAVE HD TV FOR EVERYONE ALL OVER THE PLANET. I& YOU COULD GO TO THE NEXT SLIDE PLEASE. SO. YOU'LL SEE WHAT'SS& COMING. RIGHT THERE, PLEASE. AND THAT WAS THE PREVIOUS EVENT. 
          WE'RE GEARING UP ALREADY FOR OUR NEXT EVENT. NOW, INITIALLY WEE& WERE PLANNING FOR AUGUST, BUT W& MOVED IT TO SEPTEMBER. THISS& EVENT COMING UP BECAUSE WE DID WANT TO CORRELATE IT WITH THE EP STARTUP WEEK, WHICH IS AN INITIATIVE THAT'S COUNTYWIDE. CITY OF EL PASO, ALL THE OTHER TOWNS, HORIZON CITY. OF COURSE, A LOT OF THE PRIVATE BUSINESS SUPPORT ORGANIZATIONS COME TOGETHER TO DO A COALITION OF EVENTS, BASICALLY TO SUPPORT STARTUPS AND SMALL BUSINESSES, AND THIS IS OUR CONTRIBUTION TO& THAT. SO AS MANY OF YOU MAY KNOW, THERE IS NO FORMAL CHAMBER OF COMMERCE IN THE TOWN OF BRYSON CITY. SO THERE REALLY IS NO CENTRAL GATHERING SPACE FOR OUR BUSINESSES. AND WE MEAN TOO& START A HORIZON CITY BUSINESS ALLIANCE. SO IT'S A HORIZON BUSINESS ALLIANCE THAT WE'RE GOING TO SORT OF USE TO REALLY GET THE WORD OUT ABOUT THE WORD OUT ABOUT OUR BUSINESS SERVICES. SO WE'RE PARTNERING WITH BORDERPLEX COMMUNITY CAPITAL,,& THAT IS THE COMMUNITY FOUNDATION'S FINANCE ARM, OF COURSE, WITH OUR PARTNERS AT WORKFORCE SOLUTIONS, BORDERPLEX. AND WE'RE LAUNCHING THE HORIZON CITY BUSINESS ALLIANCE. SO THIS IS GOING TO BE A MEETING THAT WE'RE HAVING BASICALLY A WORKSHOP. WHAT WE'RE DOING WITH THESE IS WE'RE GOING TO TWOO& DIFFERENT BUSINESSES IN TOWN TO& TAKE TRAFFIC TO THEIR BUSINESSES TO SUPPORT THEIR BUSINESS. SOO& THE IDEA IS TO BRING A BUNCH OF PEOPLE WHO ARE BUSINESS OWNERS AND ANYONE ELSE WHO WANTS TOO& JUMP IN AND LEARN MORE ABOUT HOW THE BUSINESS COMMUNITY WORKS IN HORIZON CITY AND HAVE THEM SUPPORT LOCAL BUSINESSES. SO THIS WILL INCLUDE THAT. BUT WE'RE ALSO GOING TO BE INCLUDING A PRESENTER, BEATRIZ LANDIN, WHO'S THE FOUNDER OF WANDER PILLOW. AND SO SHE'S SUCCESSFUL WITH THE PRODUCT. AND MOST IMPORTANTLY, SHE'S DOING THAT THROUGH AMAZON. SO SHE'S REALLY SORT OF GOTTEN REALLY GOOD AT MARKETING AND SELLING HER PRODUCT NATIONALLY THROUGH AMAZON. AND SO WE WANTED TO BRING HER IN, YOU KNOW, ASS& TRAINING, BUT ALSO AS AN ATTRACTION TO THE SMALL BUSINESSES TO GET THEM READY FOR THEIR BUSINESS SPREADING OUT BEYOND OUR CITY LIMITS. AND SHE'S GOING TO BE PRESENTING AS WELL. SO AGAIN, THAT WILL BE OUR NEXT EVENT. IT'S SCHEDULED RIGHT NOW FOR EARLY SEPTEMBER AND AGAIN, TO ALIGN WITH THE EP STARTUP WEEK. SO THOSE ARE EVENTS. WE'VE ALSO BEEN INVOLVED IN THE PAST EIGHT WEEKS WITH LAND DEVELOPMENT. THIS IS AN INCENTIVE. AND THANK YOU, BOARD. 
          YOU APPROVE THIS INCENTIVE. WE TOOK IT TO CITY COUNCIL. THEY APPROVED IT JUST LAST WEEK ON JULY 8TH. AND SO WE FINALIZED AND APPROVED THOSE INCENTIVES, AND WE GOT ALL THE SIGNATURES WE NEEDED SO THAT THE DEVELOPERSS& ARE NOW ABLE TO GO IN AND START PULLING HIS CONSTRUCTION PERMITS AND GET THIS BUILDING UP. SO AGAIN, CANAL PARTNERS LLC WILL BEGIN CONSTRUCTION OF THAT 36,000 SQUARE FOOT OFFICE DEVELOPMENT. AND THERE IS AN EMPHASIS THAT'S GOING TO BE PLACED ON ATTRACTING AND ACCOMMODATING MEDICAL RELATED USES. IT'S REALLY IMPORTANT TOO& 
          [00:10:02]
US BECAUSE WE DO WANT TOO& EMPHASIZE THAT PART OF OUR ECONOMY. AND YOU'LL REMEMBER AS A CONDITION OF THIS INCENTIVE, THE DEVELOPER WILL BE REQUIREDD& TO MAKE A MINIMUM CAPITAL INVESTMENT OF 6.7 MILLION. ABOUT HALF OF THAT IMMEDIATELY GOES T& THE TAX ROLLS, OF COURSE, MINUS OUR INCENTIVES. SO 25% OF ABOUT 3.5 MILLION IMMEDIATELY IS ADDED TO OUR TAX COLLECTION. AND YOU'LL ALSO REMEMBER THAT WHAT WE'RE ASKING FOR THESE, AND THIS IS SORT OF A PREVIEW OF THE INCENTIVE POLICIES THAT YOU'RE PROBABLY GOING TO SEE COMING UP& PRETTY SOON, WHERE WE'RE ENCOURAGING PEOPLE TO GET MORE PEDESTRIAN ORIENTED DEVELOPMENTS. AND THAT'S WHAT THIS IS. INITIALLY, THE PLAN FOR HIM WAS THE STANDARD BUILDING I& THE BACK, PARKING IN THE FRONT. 
          SO WE WORKED WITH THEM TO BRING THOSE BUILDINGS TO THE BACK AND CREATE LESS OF A AUTO ORIENTED DEVELOPMENT, MORE OF A PEDESTRIAN ORIENTED DEVELOPMENT. SO THESE ARE THE INCENTIVES THAT YOU'RE GOING TO SEE MORE OFTEN NOW THAT WE'VE GOT OUR POLICY. SO THAT WAS REALLY GOOD FOR US. 
          HERE ARE A COUPLE MORE IMAGES TO GIVE YOU ANOTHER SENSE OF IDEA OF WHAT THE DEVELOPMENT WILL LOOK LIKE. THEN WE FINISHED WITH OUR OUR OFFICES OR THESE AREN'T OUR OFFICES SPECIFICALLY, BUT IT'S THE SAME SITE. SO THIS IS THANKFULLY DONE. THE DEVELOPER IS ALREADY MARKETING. WE'VE GOT HE TOLD US HE'S GOT TWO TENANTS LINED UP. ONE IS A MEDICAL USER, A DOCTOR THAT WILL BE COMING. IN FACT, RIGHT NEXT TO OUR OFFICES ARE. AND THEN THERE'S A MUSIC SCHOOL THAT WILL BE POPPING INTO THAT BUILDING, THE BIGGER BUILDING IN THE MIDDLE. SO THAT'S ANOTHER $3.1 MILLION INCENTIVE FOR US. THAT INCENTIVE WAS SIGNED A FEW YEARS AGO AND NOW THE BUILDING IS COMPLETE. SO THESE OFFICES ARE ADDED TO OUR PORTFOLIO, 30,000 PLUS SQUARE FEET OF NEW FLEX OFFICE SPACE. 
          SO THIS IS A BIG WIN FOR US. AND THIS AGAIN WAS FINALIZED JUST I& THE PAST FEW WEEKS. AND THEN OF& COURSE, OF COURSE OUR OFFICES I WON'T HANG OUT HERE TOO LONG BECAUSE YOU ALL REMEMBER OUR OFFICES. PLENTY. BUT THIS IS THE LARGEST CAPITAL, ONE OF THE LARGEST IN THE TERRORIST SINCE IT'S BEEN PUT IN PLACE. SO WE'RE REALLY PROUD OF THAT. AND WE DO WELCOME YOU ALL TO COME VISIT US WHENEVER YOU WANT. WE'RE THERE, AS YOU KNOW, FIVE DAYS A WEEK. WE FINISHED UP THE OUTSIDES AND NOW WE'RE DECORATING THE INSIDE. WE'RE HOSTING AND YOU'LL SEE THIS IN A FEW SLIDES, THE TEXAS GENERAL LAND OFFICE STAFF THERE. SO IT REALLY IS ALLOWED US TO KICK UP OUR GAME IN TERMS OF HO& WE REPRESENT THE CITY. AND I SHOULD MENTION AS AS WE DID BEFORE, YOU ALL KNOW THIS, THAT THAT ALSO REPRESENTS A TRANSFORMATION OF THAT AREA, WHICH IS MUCH MORE INDUSTRIAL AND MORE DEVELOPMENTS LIKE THIS& IS REALLY GOING TO ARE REALLY GOING TO CHANGE THE WAY THAT AREA LOOKS. SO, SO THE IDEA IS TO USE THESE TO COMMERCIALIZE AND BEAUTIFY THAT AREA. WE FINISHED PURCHASING A LOT OF PARCELS. YOU REMEMBER THAT THE TODD RIGHT ACROSS THE STREET IS SCHEDULED TO BE OUR DOWNTOWN. ONE OF THE MAIN BARRIERS IS THAT THERE ARE A LOT OF PARCELS THAT& ARE OWNED BY A LOT OF DIFFERENT FOLKS, AND WE WEREN'T ABLE TOO& HAVE THEM DEVELOP. SO OUR OUR PIVOT WAS TO BUY THESE PROPERTIES. AND YOU'VE HEARD THIS A LOT, BUT WE KNOCKED OUT 21 MORE PARCELS THE CITY PURCHASED. AND SO THAT NOW IS 13.5 ACRES OF LAND. THAT'SS& THAT'S A GOOD AMOUNT OF LAND AT THE TODD. THIS IS OBVIOUSLY THE MOST WE'VE EVER EARNED AND OWNED. AND SO THAT THAT IS A BIG SUCCESS FOR US. WE'VE GOT A TOTAL OF 66 TODD LOTS. AND YOU'LL SEE THE NEXT SLIDE, WHAT THAT LOOKS LIKE FROM THE SKY. BUT THE GOAL IS, AS YOU KNOW, T& FORM LARGER SITES OR LARGER UNIFIED SITES THAT FIT HORIZON CITY'S LONG TERM PLANS SO THAT WE CAN MARKET IT TO THE PRIVATE SECTOR. AND SO WE ARE ALREADY WORKING WITH PRIVATE PARTNERSS& THAT ARE INTERESTED IN MERGING THESE LOTS IN OUR BASICALLY SELLING TO ANOTHER DEVELOPER THAT WE'RE WORKING WITH WHO PLANS TO ESSENTIALLY SWAP WITHH& US SO THAT ALL OF US CAN COME TOGETHER TO REALLY GET BIGGER. LOTS. THIS RIGHT HERE IS AN IMAGE OF ALL THE PROPERTY THATT& WE OWN RIGHT NOW IN THE AREA. AND SO YOU CAN SEE IT'S REALLY STARTING TO ADD UP. THIS WAS REALLY SET UP BY LEADERSHIP FOR MANY YEARS. AND HONESTLY, WE'RE TAKING ADVANTAGE OF THE FACT THAT THEIR WORK IS NOW REALLY LAY THE MOMENTUM FOR US TO KEEP& MOVING. SO ALL WE HAVE TO DO IS& KEEP CARRYING THIS BALL FORWARD. BUT THESE ARE THE PARCELS THAT WE OWN RIGHT NOW. I WANTED TOO& INCLUDE THIS OTHER SLIDE TO GIV& YOU A SENSE OF WHAT ELSE WE'RE GETTING READY TO WORK WITH. SOO& THE BLUE ONES ARE WHAT YOU JUST& SAW IN THE PREVIOUS SLIDE. THOSE ARE THE HORIZON CITY ONES. ASS& YOU CAN SEE FROM LEGEND, THE PINK ONES ARE OWNED BY CURRENTLY BY MCLAUGHLIN, A MAN NAMED TERRY MCLAUGHLIN. HE'S A HORIZON GROWTH. HE PUT ALL THESE TOGETHER AND HE'S NOW SELLING THEM TO A DEVELOPER THAT WE'RE ALSO WORKING WITH. AND THAT DEVELOPER IS WAITING TO PURCHASE THESE SO THAT WE CAN START SWAPPING COMBINING LOTS. AND AS YOU CAN SEE BETWEEN THOSE PARCELS AND OURS, WE'RE LOOKING AT ABOUT OWNERSHIP, ABOUT HALF OF THE TODD NOW. SO IN THE PAST FIVE YEARS. SO IT'S REALLY FAST FORWARDING. ONCE WE HAVE THOSE PARCELS WE HAVE OUR PIECES ONN& THE CHESSBOARD, AND WE GET A LOT BETTER LEVERAGE THAN WE'VE EVER HAD. SO THAT WAS A BIG SUCCESS FOR US. TEXAS GENERAL LAND OFFICE. WE WENT AND VISITED WITH A TEXAS GLO STAFF BACK IN FEBRUARY OF 2025. BECAUSE WE ARE, AS YOU ALL KNOW, SURROUNDED BY GHOST LOTS. AND SO THERE ARE GHOSTS THAT HAVE BEEN INHIBITING OUR ABILITY TO GROW ONE AND TWO& A LOT OF THE SPACE THAT IS 
          [00:15:03]
BIGGER IS OWNED BY THE STATE, AND OUR PHONE CALLS WEREN'T REALLY GOING THAT FAR. EMAILS WEREN'T GOING THAT FAR. SO WE WENT IN PERSON AND KNOCKED ONN& THEIR DOOR AND WE STARTED TALKING WITH THEM, AND IT CAME SOMETHING THAT CAME OUT OF. AND SO WE HAVE A MEETING WITH THEM, STAFF. MEETING STAFF HAS A MEETING WITH THEM TOMORROW. WE'RE GOING TO HOST THEM AT OUR OFFICES. AND HERE WE'RE GOING T& REMIND THEM BASICALLY THIS IS, YOU KNOW, THIS IS THEM SAYING, HEY, WE REVIEWED WHAT YOU ALL TOLD US. WE THINK SOME OF THISS& IS DOABLE. LET'S GO GIVE A FINAL, YOU KNOW, LET'S SEE IT T& SEE WHAT THESE THINGS ACTUALLY LOOK LIKE. I THINK I JUST WANTT& TO MAKE SURE THERE AREN'T BUILDINGS THAT THEY'RE GIVING AWAY. AND THEN WE'RE GOING TOO& TALK TO THEM, TAKE THEM OUT TOO& EACH ONE OF THESE SITES AND LET THEM KNOW WHAT WE WANT TO DO. 
          THE INTENT IS LET ME AND THAT'LL BE TOMORROW. BUT LET ME GO TOO& THE MAPS TO SHOW YOU MORE SPECIFICALLY WHAT WE'RE LOOKING FOR. THESE ARE THE THREE, AND THEY'LL PROBABLY BE A FEW, BUTT& THESE ARE THE THREE MAIN ONESS& THAT WE'RE LOOKING TO TALK TOO& THEM ABOUT. THE WEST HORIZON SITE IS VERY IMPORTANT TO US BECAUSE THAT TOP SORT OF PARCEL, WE FOUND OUT, BY THE WAY, THAT RIGHT HERE, WHICH SHOWS A COMBINATION OF LET ME SEE IF II& CAN DO THIS THING, THIS LITTLE PORTION RIGHT UP HERE IS ACTUALLY SEPARATED. SO THE PARCEL LAYERS, THESE ARE THEIRS. 
          SO IT COMBINED. BUT THIS LITTLE PORTION IS ACTUALLY SEPARATED..& THE INTENT FOR US AS FAR AS THAT GOES IS TO JUST ALLOW US TOO& ALLOW THE MARKET, THE, THE PRIVATE DEVELOPERS TO GET AHOLD OF THAT SO THAT WE CAN START ACTIVATING THAT PROPERTY. AND IT'S REALLY IMPORTANT. IT'S ABUTTING THE HORIZON. EAST HORIZON IS ALSO IMPORTANT TO US BECAUSE THE PRIVATE DEVELOPERSS& THAT WILL BE AT THE MEETING WITH US TOMORROW OWN A LOT OF LAND AROUND THERE. THEY'RE EAGER TOO& DEVELOP. THEY WANT TO DO APARTMENT DEVELOPMENTS. THEY'RE EVEN WILLING TO BRING IN SOME OF THE COMPANIES THAT WE'VE BEEN TRYING TO INCENTIVIZE. YOU ALL REMEMBER, WE DON'T HAVE ENOUGH LAND TO REALLY HOLD A LOT OF THESE COMPANIES. THIS WILL CHANGE THAT, HOPEFULLY. BUT THEY NEEDED ACCESS TO US AND SO ON T& THE EAST. THEY DIDN'T HAVE IT, SO THEY WERE HESITATING ON DEVELOPING. BUT IF THEY CAN GET THAT LAND, WHICH SO FAR THE GEO HAS INDICATED IS DOABLE, AND THAT'S THIS RIGHT HERE, THEY CAN AND THEY OWN THIS OUT HERE TOO, SO THEY CAN ACCESS US AND SO ON. 
          AND THAT'S GOING TO ALLOW THEM TO NOT ONLY DEVELOP ALL THEIR LANDS OUT HERE, BUT THEN THE LANDS THAT THEY'VE GOT, WHICH IS OUTSIDE OF TOWN AT THIS POINT AND THEIR INTENT IS TO ANNEX. SO THAT'S REALLY IMPORTANT TO US..& THAT REPRESENTS MORE DEVELOPMENT, MORE PHYSICAL LAND AREA FOR HORIZON CITY. THAT'S REALLY IMPORTANT TO US. AND THEN FINALLY WE'RE GOING TO BE TALKING ABOUT THIS PORTION THAT'S SOUTHWEST. SO OUR CITY LIMITS TERMINATE ABOUT RIGHT HERE. BUT THIS IS REALLY IMPORTANT TO US BECAUSE ONE OFF& THE MAIN THINGS THAT WE HEAR ABOUT WHEN WE'RE TALKING TOO& COMPANIES IS HOW FAR ARE YOU FROM I-10? AND SO WE HAVE TO TELL PEOPLE, LOOK AROUND HORIZON, COME DOWN DARRINGTON OR EVEN OUT TO EASTLAKE IF WE CAN GET THIS PULLED INTO OUR CITY PORTFOLIO, THAT IS. AND WE TOLD THEM, WE SAID, LOOK, WE DON'T WANT YOU TO GIVE IT AWAY. WE JUST WANT TO BE ABLE TO PULL THIS IN OUR CITY. AND THEN LET US START TALKING ABOUT DEVELOPING. GIVES US A STRAIGHT SHOT TO THE FREEWAY FROM HERE. 
          SO THAT IS GOING TO BE TRANSFORMATIONAL. THAT'S IMPORTANT TO US. NO GUARANTEE THAT THEY'RE GOING TO LET IT, YOU KNOW, COME INTO OUR HANDS ANYTIME SOON. IT COULD BE HOPEFULLY THIS YEAR. BUT BUT THIS IS THE START OF A REALLYY& WHAT COULD BE A FRUITFUL WIN FOR US. WE WANTED TO SHOW YOU SOME DATA ON THE MARKET. SO WE'RE DOING REALLY GOOD THIS YEAR. 
          WHAT YOU'RE SEEING IS THAT THE THIS IS THE TAX REVENUE. SO REPRESENTS THE SALES AND BUSINESS. AND IT'S BEEN GOING UP AND IT'S STILL GOING UP. BUT THESE ARE THE FULL 12 MONTHS OF ALL THE PREVIOUS YEARS HERE YOU'RE ONLY SEEING NINE MONTHS.& SO WE'RE MISSING A FULL QUARTER OF ALL THE MONTH'S REVENUE. AND IF THE DATA COMES BACK, IF THE SALES TRENDS THAT WE'RE SEEINGG& FOR THE PAST FEW MONTHS COME BACK THE WAY WE EXPECT THEM COME BACK, WE'RE GOING TO SURPASS LAST YEAR'S REVENUE. SO FOR A BIT, AND IT'S REALLY BECAUSE OF& A LOT OF THIS CONSTRUCTION, WE KNEW THIS IS GOING TO BE A TOUGH YEAR FOR US BECAUSE CONSTRUCTIO& IS HURTING A LOT OF BUSINESSESS& AND A LOT OF FOLKS RATHER JUST DRIVE AWAY. EARLIER IN THE YEAR, WE DID SEE OUR REVENUE GO A BIT DOWN, BUT IN THE PAST FEW MONTH& AND CORRECT IF I'M WRONG, THATT& WE'VE BEEN REALLY EXCEEDING EVEN WHAT WE DID LAST YEAR, AND THAT'S WHAT'S ALLOWING US TOO& CATCH UP AND EVENTUALLY, NOW, YOU KNOW, FINGERS CROSSED, GET PAST THE PREVIOUS YEAR. SO THIS& IS DEFINITELY SOMETHING THAT'S A GOOD SIGN. WE HONESTLY THOUGHT THE REVENUES ARE GOING TO BE A BIT LOWER THIS YEAR. BUT BUT WE'RE PROBABLY GOING TO BE ABLE TO REPORT AT THE END OF THIS FISCAL YEAR THAT THERE'S GOING TO BE MORE REVENUE THIS YEAR THAN LAST YEAR. SO LOOK OUT FOR THAT. AND THEN WE'D LIKE TO TALK ABOUT THE ABSOLUTE NUMBER OF BUSINESSES IN TOWN IN 23, WHAT WE DIDN'T INCLUDE HERE, THE BUSINESSES THAT WE WERE TRACKING WERE ABOUT 134, 24, 161. WE'VEE& GOT 100, 174 THIS YEAR. SO THIS REPRESENTS CONFIDENCE IN THE MARKET. THIS REPRESENTS THE FAC& THAT THERE IS COMMERCE AND THERE IS PROFIT TO BE MADE IN THE HORIZON CITY MARKET. THESE BUSINESSES ARE SHOWING UP AND THEY'RE GROWING. SO WE'VE GOT MORE SALES HAPPENING. WE'VE GOT& MORE BUSINESSES COMING IN HORIZON CITY. THAT'S AN INTERESTING NUMBER. I DON'T KNOW IF YOU CAN DO THIS OR IF THERE'S ANY WAY TO TRACK IT, BUT IT MIGHT BE INTERESTING TO TRACK THE NUMBER REGISTERED AGAINST THE NUMBER FAILED. YOU KNOW, NEW BUSINESSES FAIL AND SEE HOW. HOW I DON'T KNOW IF ANYBODY TRACKS 
          [00:20:08]
THOSE NUMBERS. I MEAN, THIS IS A NET INCREASE, BUT IT WOULD BE INTERESTING TO KNOW WHAT FAILS AND HOW WE STACK UP AGAINST OTHER AREAS. SURE. BECAUSE THERE MIGHT BE A WAY TO TARGET. WE MIGHT BE MISSING SOMETHING. ABSOLUTELY. WE COULD HELP FOLKS WITH. OR WE COULD GET A SENSE SOMETIMES BUSINESSES JUST FAIL. IT JUST IT'S A BAD IDEA THAT DIDN'T WORK. BUT BUT THAT MIGHT BE AN INTERESTING, YOU KNOW, DEEP DIVE ON THAT. I'LL SEE IF WE CAN CONCLUDE THAT WHILE ITT& WOULD BE HANDY TO SEE, BECAUSE I THINK PART OF WHAT YOU'RE SAYIN& IS WE COULD SEE MAYBE REALLYY& GOOD AT KEEPING A CERTAIN KINDD& OF BUSINESS AND MAYBE NOT SO MUCH WITH ANOTHER KIND. AND SOO& MAYBE WE COULD FOCUS ON THAT. O& MAYBE THERE'S A SPECIFIC COMPONENT THAT WE'RE MISSING THAT WE COULD HELP HELP WITH TO& MAKE, MAYBE TO BRIDGE TO A NEXT STEP OR SOMETHING LIKE THAT. 
          YEAH. TO TARGET OUR EFFORTS THA& WAY. THAT'S THAT'S A GOOD POINT. I'LL SEE IF WE CAN GET THAT FOR YOU, WALTER. EVEN IF WE DON'T BRING IN A PRESENTATION, I'LL SEE IF I CAN DELIVER IT TO YOU ALL. YOU KNOW, TO YOUR EMAILS. I DO WANT TO JUST CLARIFY THATT& THIS ISN'T ALL THE BUSINESSES WE SCRUBBED IT FOR. WE DIDN'T INCLUDE THE WHATABURGERS. WE DIDN'T INCLUDE THE, YOU KNOW, THE WALMARTS. THESE ARE ONLY LOCAL, SMALL MOM AND POP BUSINESSES BECAUSE WE THINK IT REPRESENTS SOMETHING SORT OF DIFFERENT FROM THE APPLEBEE'SS& AND STARBUCKS OF THE WORLD. BUT BUT THIS IS REALLY IMPORTANT TO& US. THANK YOU SIR, THAT WALTER AND THEN SOME ADDITIONAL PROJECTS ON THE HORIZON. YOU ALL REMEMBER THAT MAYBE D-BAT AND MAYBE YOU REMEMBER THAT D-BAT SPORTS TRAINING, IF YOU'RE FAMILIAR WITH IT, IT'S A REALLY SUCCESSFUL TRAINING FACILITY. 
          LAST MEETING WE MENTIONED THATT& WE'VE GOT HITTING HORIZON, WHICH IS SOMETHING SIMILAR. AND SO NOW WE'RE LOOKING TO DO SORT OF A CLUSTER OF THESE KIND OF BUSINESSES. BE BACK FOR A SECOND. WENT AWAY D-BAT WENT THEY WERE WORKING WITH US ANDD& THEY WENT TO THE CITY OF EL PASO. THEY THOUGHT, WE'LL HIT THAT MARKET UP. FIRST OFF, I THINK LEE TREVINO, THEY JUSTT& CAME BACK TO US AND THEY SAID, HEY, WE HAD THIRD THOUGHTS AND WE WANT TO BE WITH HORIZON CITY. 
          SO FAR, WE'VE TIED THEM INTO THE DEVELOPERS THAT WE KNOW THEY'RE TALKING. WE CALLED THEM LAST WEEK AND THEY SAID THEY'RE CRUNCHING THEIR NUMBERS AND THEY'RE GOING TO GET TO US, GET BACK TO US TO SEE WHERE THEY'RE AT. SO THAT'S REALLY ENCOURAGING. WE COULD REALLY US& THAT. THAT'S GOING TO BRING A LOT OF PEOPLE TO HORIZON CITY IF WE CAN BRING THEM IN. AND, YOU KNOW, WE MIGHT EVEN BE ABLE TO BRING THEM DOWN TO A SQUARE FOOTAGE THAT WE JUST SAW. 
          HORIZON CITY BREWERY AND RESTAURANT, WE'RE STILL WORKING WITH THEM. WE ASKED THEM FOR A LETTER OF INTENT. WE'VE BEEN WORKING WITH THEM FOR A WHILE, BUT WE JUST WANT TO MAKE SUREE& THAT WE CAN KEEP THEM MOVING, RIGHT. THIS PARCEL OF LAND THAT WE'VE BEEN TALKING WITH THEMM& ABOUT IS BECOME PRETTY HOT RECENTLY. AND SO WE'VE GOT A LOT OF FOLKS THAT WE'RE WE'RE SORTT& OF PLAYING GOALIE. BUT OUT OF RESPECT TO THIS COMPANY AND THEY'RE DOING WELL. BUT REALLY, WE MEAN TO KIND OF SPEED THEM UP OR ALLOW ANOTHER COMPANY THAT W& KNOW WANTS TO BUILD THERE, HURRY UP AND BUILD IT. SO WE ASKED THEM FOR LOI. THEY'RE GETTING THAT READY AND THEY'RE GETTING THEIR FINANCING TO SEE HOW THAT GOES AND THEIR SITE DESIGN. SO THAT'S COMING UP PRETTY SOON. 
          AND FINALLY, THE REGIONAL PARKLAND. WE MET WITH HUNT AT THEIR OFFICES DOWNTOWN TOMORROW TO REALLY JUST START TALKING ABOUT WHAT IT TAKES TO CLOSE THE DEAL ON THOSE 30 ACRES. THAT SPORTS PARK HAS BEEN A LONG TIME COMING. IT'S PART OF OUR COMPREHENSIVE PLAN AND NOT SO MUCH. THERE'S A LOT OF WORKK& THAT'S GONE INTO THAT ALREADY,,& BUT WE REALLY NEED TO JUST HURRY UP AND BUY THAT LAND BEFORE THE PRICE GOES UP BEYOND OUR CAPACITY TO BUY OR BEFORE THEY START SELLING TO SOMEONE ELSE. SO WE WERE AT THEIR OFFICES..& THAT WENT PRETTY WELL. IN FACT, WE'RE GOING TO SUBMIT A LOI TOO& THEM, AND THEY'RE GOING TO GO TO THEIR LEADERSHIP AND SEE IF THEY CAN RELEASE THOSE FUNDS TO THEM. I MEAN, THE PROPERTIES TO US AT SOMETHING THAT'S REASONABLE. SO KEEP A LOOK OUT FOR THAT. I SUSPECT YOU'LL SEE A LOT MORE CONCRETE UPDATES ON THATT& REGIONAL PARK IN THE NEXT COMING MONTHS. SO THAT'S WHAT WE'VEE& BEEN DOING THE PAST EIGHT WEEKS. 
          IT'S BEEN A BUSY EIGHT WEEKS. WHAT I'LL DO RIGHT NOW IS TAKEE& ANY QUESTIONS ON ANY OF THIS THAT YOU ALL MAY HAVE. AND IFF& YOU DON'T, THEN WE'LL JUMP INTO THE BUDGET PORTION AND YOU WILL& COME UP AND PRESENT. SO. GOOD QUESTION. GOOD PRESENTATION. YEAH, YEAH. THANK YOU ALL. VERY GOOD. THANK YOU SIR. OKAY. SO GOOD AFTERNOON. GOOD. GOOD EVENING. BOARD MEMBERS EDDIE 
          [5. Discussion and Action:]
GARCIA, THE EXECUTIVE DIRECTORR& FOR THE HORIZON CITY EDC. SO THIS IS THE BUDGET PORTION OFF& THE PRESENTATION TONIGHT. YOU KNOW, AS I DID PREVIOUSLY, INN& THE LAST FOUR YEARS THAT I'VE BEEN HERE, I'VE ALWAYS KEPT THE BUDGET FLAT. AND I'M DOING THE SAME THING THIS YEAR. AS YOU SAW IN ONE OF THE SLIDES, THE BUDGET, YOU KNOW, THE SALES TAX HAS CONTINUED TO INCREASE HEREE& IN HORIZON CITY. AND WHAT WE'RE WE EXPECT TO SEE IS A LOT MORE SALES TAXES COMING INTO THE TOWN OF HORIZON CITY, ESPECIALLY ALONG EAST LAKE, WITH THE DEVELOPMENT THAT HUNT IS BRINGING INTO THE AREA. BUT I'L& GET STARTED HERE. SO WHAT YOUU& HAVE HERE, THESE ARE OUR CAPITAL 
          [00:25:01]
COSTS LAST YEAR, WHAT YOU SAW IN 2025, IT WAS THE PURCHASE OF THE BUILDING WHICH WE TOOK OUT OF OUR RESERVES. WE STILL DID SOME OF THE PROJECTS THAT ARE IN THERE, THE CONSTRUCTION OF SOME& OF THE OFFICES THAT YOU'LL SEE AT THE EDC BUILDING. WE WERE ALSO STILL PAYING OFF OUR LEASE THAT WE HAD IN OUR OTHER BUILDING. AND SO THIS YEAR, WHAT YOU'LL SEE IS SIMPLY MONEY ALLOTTED FOR THE PURCHASE OF COMPUTERS, IF THAT'S WHAT IT IS THAT WE NEED. AND ALSO FOR PROJECTS AND PROJECTS JUST MEANS WE WORK WITH ARMS, WE WORK WITH& THE BOARD OF ALLIANCE. WE GIVE THEM ABOUT $10,000 EACH, AND THEN WE SET ASIDE SOME DOLLARS FOR OUR INCENTIVE AGREEMENTS THAT WE HAVE IN PLACE RIGHT NOW. ONE OF THE INCENTIVES THAT WE'RE GOING TO PAY IS ABOUT $29,000, AND THAT'S FOR THE OFFICES IN WHICH WE ARE AT RIGHT NOW, BECAUSE THEY INVESTED THAT $33& MILLION. AND WE DID AGREE TOO& PROVIDE AN INCENTIVE TO THAT DEVELOPER. IF HE TOOK THAT PROPERTY AND REUSED IT. AND SO AGAIN, THESE ARE JUST THE CAPITAL COSTS. WHAT I TALKED ABOUT BEFORE. YOU'LL SEE HORIZON OXBOW IN THIS AREA HERE AT 29,000 WHICH WE'RE PAYING OUT INCENTIVES, IS ABOUT 60,000 FOR A TOTAL OF 110,000. IT'S KIND OF FLAT, YOU KNOW, 112 IF YOU INCLUDE THE OFFICE OF FURNISHINGS, WHICH IS THE COMPUTERS, WE'LL LIKELY MOVE SOME MONEY AROUND HERE. YOU KNOW, WE'RE UNDECIDED AT THE MOMENT THAT WE'RE GOING TO MOVE FORWARD WITH ARMS AND MAY BE THE CASE THAT WE MAY STEP AWAY FROM& THAT. AND ALL WE WOULD DO ATT& THAT POINT IS JUST MOVE IT OVER TO INCENTIVES. IN TERMS OF WHAT WE'RE PROVIDING OUT THERE. I THINK WE'RE DOING A REALLY GOOD JOB OF SPACING OUT THE INCENTIVES. YOU KNOW, WE DID PROVIDE ANOTHER $10,000 INCENTIVE. WE'RE SPACING IT OUT SO THAT WE'RE ABLE TO DO MOREE& THAN ONE INCENTIVE AT A TIME. AND WE'RE DOING THIS SORT OF OUR YEARLY BUDGET AND NOT DIPPING INTO THE RESERVES THAT WE HAVE. IF WE EVER NEED TO DO SOMETHING WITH OUR RESERVES, WE WOULD BRING IT BACK TO YOU ALL. IFF& IT'S A LARGE ENOUGH PROJECT WHERE WE WOULD HAVE WE WOULD HAVE TO DO SOMETHING LIKE THAT. JUST SO YOU ALL KNOW. AND AGAIN& THIS IS JUST THE ADMINISTRATIVE COST OF THE BUDGET. SO LIKE I MENTIONED BEFORE, A LOT OF IT WENT UNCHANGED. YOU DO SEE SOME DECREASE IN TRAINING. THE DECREASE IN TRAINING YOU'LL SEE THERE IS BECAUSE WE'RE NOT GOING OUT TO AUSTIN THIS YEAR. SO WE DECREASED THE TRAINING BUDGET. THE CITY ATTORNEY THAT WENT UP EVERY YEAR. WE INCREASED THAT BY 3%. BECAUSE WE DO KNOW THAT OUR COSTS MAY MAY CONTINUE TO GO UP. 
          THEIR FURNITURE AND EQUIPMENT. WE REDUCE THAT AS WELL. WE DID HAVE SOME EXPENDITURES. WE MOVED SOME MONEY AROUND IN THIS AREA TO PURCHASE FURNITURE FOR OUR NEW BUILDING. BUT WE READJUSTED& THIS YEAR TO WHAT WE WERE DOING PREVIOUS YEARS, WHICH IS $3,000 PER YEAR CONTRACT LABOR. AGAIN, THIS IS ANOTHER AREA WHERE WE MOVE SOME MONEY AROUND. IN THIS& CASE, WE MOVE ABOUT $4,000 TOO& IT, WHICH IS $45,000 THAT YOU SEE HERE. WE REDUCED IT BACK TO& 41,000. THE REASON IT WENT UP WHEN WE DID, WE DID SOME BUDGET TRANSFERS IS WE WERE PAYING FOR THE, THE WIRING THAT WE NEEDED FOR OUR INTERNET SYSTEM. SO WEE& HAD TO PAY FOR THAT AS WELL. THESE THINGS, YOU KNOW, THESE ARE THINGS THAT WE DIDN'T REALIZE WE WERE GOING TO DO UNTIL WE ACTUALLY LANDED IN OUR OFFICES. AND WE KNEW, OKAY, NOW WE NEED TO WE NEED TO INCLUDE A FIREWALL, A SWITCH, YOU KNOW, HAVE ETHERNET IN OUR OFFICES. SO WE DID THAT. NOW WE HAVE TO WE HAVE TO PAY ELECTRICITY. WE HAVE TWO HVAC UNITS NOW. NOT LIKE WHERE WE WERE AT BEFORE. SO WE THINK THAT'S GOING TO DOUBLE IN PRICE. SO WE INCREASED THATT& AMOUNT. WE INCREASED IT A FEW HUNDRED DOLLARS ONLY BECAUSE WE HAD ANTICIPATED THE YEAR BEFORE THAT WE WERE GOING TO START PAYING ELECTRICITY. AND SO WE'RE KIND OF SEEING A LITTLE TREND, YOU KNOW, NEXT YEAR WE'LL HAVE A BETTER IDEA OF WHAT HAPPENS YEARLY WITH OUR ELECTRICITY BILL, AND WE'LL ADJUST AGAIN. A& THAT POINT, IT MAY EITHER COME DOWN OR GO UP, BUT WE JUST DON'T HAVE ENOUGH DATA AT THIS POINT TO SAY, THIS IS WHAT WE NEED TO& BUDGET TO COVER OUR ELECTRIC BILL WASTE DISPOSAL. AGAIN, THAT'S SOMETHING THAT AT OUR OTHER OFFICES THAT WAS PICKEDD& UP, YOU KNOW, THE LANDLORD TOOK CARE OF THAT. BUT NOW WE NEED T& HAVE OUR OWN WASTE DISPOSAL THE YEAR BEFORE, WE, WE ESTIMATED ABOUT 1944. BUT WHEN WE GOT THE BILL, YOU KNOW, WE CAN WE GOT A LITTLE WE GOT A BETTER IDEA OFF& WHAT THAT MONTHLY BILL IS GOING TO LOOK LIKE. SO WE ESTIMATE ABOUT $900 A YEAR. TELEPHONE AND COMMUNICATIONS. THIS IS ANOTHER ONE WHERE WE'RE REDUCING THE AMOUNT THAT WE DID PREVIOUSLY. OUR INTERNET BILL WENT DOWN BECAUSE WE SIGNED A NEW CONTRACT. SO WE'VE GOT A 12 MONTH DECREASE IN OUR BILL. 
          PUBLIC RELATIONS. WE MOVED MONEY FROM PUBLIC RELATIONS. THAT'SS& WHY IT'S SHOWING 38,000. BUT 
          [00:30:05]
TYPICALLY IT'S $43,000 PER YEAR. SO WE JUST REVERTED BACK TO WHAT WE WERE DOING IN PREVIOUS YEARS. 
          LAST YEAR THE BUDGET CAME IN AND THIS AREA HERE WITHOUT SALARIES, IT CAME IN AT $182,000 WITH SALARIES. LAST YEAR IT WAS 502,000. SO 182, THIS 182 WITHOUT SALARIES THIS YEAR WITHOUT SALARIES IT'S 184. WHEN& YOU ADD SALARIES IN, IT'S GOING TO JUMP IN RIGHT NOW WITH WHAT WE HAVE, IT'S VERY DIFFICULT TO& ESTIMATE THE SALARIES BECAUSE THAT IS SOMETHING THAT LILY HANDLES AT THIS POINT. AND SOO& WHAT WE'RE BRINGING BEFORE YOU IS THE ADMIN BUDGET, THE CAPITAL BUDGET. AND I GIVE YOU AN ESTIMATE OF WHAT IT LOOKS LIKE THERE WITH OUR PREVIOUS SALARIES, WHICH WHICH WAS ABOUT $308,000 FOR A TOTAL OF $605,000, WE EXPECT REVENUES TO& COME IN AT $698,000. SO THERE'S DEFINITELY ROOM TO ADJUST FOR SALARIES, ANY INCREASES THAT THE CITY SEES. WE'LL IMPLEMENT THAT INTO OUR BUDGET. SO THIS IS AN IDEA OF WHAT 308,000 LOOKS LIKE. 
          YOU CAN ADD 3% TO THAT, WHICH IS TYPICAL OF WHAT IT IS THAT WE'RE GOING TO DO HERE. BUT WE HAVE PLENTY OF ROOM. WE HAVE ABOUT $93,000 TO MOVE AROUND THERE IF WHATEVER ISN'T ABSORBED BY SALARIES, WE'LL JUST MOVE IT INTO OUR CAPITAL BUDGET FOR INCENTIVES. RIGHT. SO PRETTY BASIC RIGHT. YOU KNOW, AND YOU SAW IN THAT SLIDE THAT RAFA WAS WORKING ON OUR OUR REVENUES ARE COMING ABOVE $698,000. OR THEY'RE IN THE $700,000 RANGE. SO WE THINK WE'RE PRETTY COMFORTABLE. AGAIN, IT'S A FLAT BUDGET, YOU KNOW, WITH WHAT ITT& IS THAT WE'RE DOING. AND SO FAR& IT'S WORKED FOR THE LAST FOUR YEARS. AND AGAIN, THE REQUEST I& TO, TO HAVE YOU ALL APPROVE THE BUDGET. AND I'LL TAKE ANY QUESTIONS AT THIS POINT. DO YOU HAVE PLENTY OF MONEY TO THROW A PARTY? I HAVE PLENTY OF MONEY TO THROW A PARTY. NO. AND SO REALLY, YOU KNOW, WE DO. WE'RE WE'RE WORKING ON ON. SO WITHH& THIS BUDGET, WHAT I'M DOING IS, YOU KNOW, I'M STILL NOT GOING T& GO THROUGH ALL THE BUDGET THATT& WE HAVE THIS YEAR. WE'RE WE'RE TRYING TO GO OUT THERE, PURCHASE NEW FURNITURE, YOU KNOW, BECAUSE WHEN WE LANDED, YOU KNOW, WE THOUGHT WE COULD GET AWAY WITHH& SOME OF THE STUFF THAT WE HAD OUT THERE. BUT WE ARE DOING SOME MOVING OF DOLLARS AT THIS POINT TO BUY ANOTHER TABLE, BUY MORE CHAIRS, YOU KNOW, REALLY GIVE IT THE LIFT THAT IT IS THAT WE NEED. SO WHEN WE INVITE FOLKS T& OUR OFFICES THAT THEY COME INTO A NICE SPACE, RIGHT. AND THAT THEY'RE ABLE TO UTILIZE THE SPACE THAT THAT WE HAVE THERE. SO THAT'S ESSENTIALLY WHAT IT IS THAT WE'RE DOING. SO WE'RE BUYING SOME FURNITURE, WE'RE PUTTING UP SOME TVS. AND YOU KNOW, IT WAS A MISHAP THAT THEY THEY PUT UP A TELEVISION SET ON ON OUR CONFERENCE ROOM. AND THE THING FELL. RIGHT. SO NOW WE'RE HAVING TO GO OUT THERE AND HAVE SOMEBODY REPAIR THAT. SO IT'S TAKING US SOME TIME TO GET THIS OFFICE WARMING EVENT UP AND RUNNING. BUT WE'RE GETTING IT DONE. WE'RE GETTING IT DONE. AND I SAY THAT MORE THAN JUST FACETIOUSLY IN THAT, NO, NO, ABSOLUTELY. I THINK WE NEED WE DO A LOT OF GOOD THINGS. ABSOLUTELY. AND WE DO NOT CELEBRATE THEM VERY WELL. YEAH. AND I'VE SEEN IT HAPPEN IN OTHER PLACES WHERE YOU REALLY HAVE TO& CELEBRATE YOUR ACHIEVEMENTS SO THAT EVERYBODY KNOWS WHAT YOU'RE DOING. RIGHT. AND IT WILL ITT& WILL BRING MORE ACHIEVEMENT. AND ALWAYS THINK BIG ON THESE THINGS. NO. ABSOLUTELY. YEAH. 
          AND I THINK WE'RE GOING TO BE WE'RE GOING TO WORK SOMETHING OUT. YOU KNOW, IT'S JUST A MATTER NOW OF GETTING ALL THE STUFF THAT WE NEED IN THERE..& IT'S JUST IT'S TAKING US SOME TIME TO GET THE RIGHT STUFF IN THE BUILDING. IT SHOULD GET DONE. WE SPENT PROBABLY MORE MONEY THAN WE SHOULD HAVE ON OUR INITIAL ANNOUNCEMENT. BUT I TOO& THIS DAY HEAR PEOPLE TALK ABOUT HOW WE DID THAT AND KNOW ABSOLUTELY THAT WAS. SO I THINK IT'S IMPORTANT THAT THAT WE BRING THE FOLKS OUT HERE. YEAH. WITH THAT THAT ATTITUDE. WE'RE FIGHTING A LITTLE IMAGE PROBLEM OUT HERE. SO. RIGHT. WE NEED TO DO THAT. NO. AND LOOK YOU KNOW, SOME OF THE STUFF THAT WE'RE WORKING ON, YOU KNOW, RAFA TALKED ABOUT SOME OF THE INITIATIVES THAT WE'RE WORKING WITH HUNT AND ALL OF THIS OTHER DEVELOPMENT, EVEN THOUGH IT'S NOT NECESSARILY THE EDC THAT IS BRINGING IN THIS PROJECT. WE'RE WORKING REALLY CLOSE WITH THE CITY BECAUSE A LOT OF THESE PROJECTS ARE CITY PROJECTS, RIGHT? THAT LAND OUT THERE BELONGS TO THE CITY. THE ANNEXATION PLANS THAT WE'RE LOOKING AT WITH THE CITY, YOU KNOW, THOSE ARE ALL CITY REQUIRED EFFORTS. BUT WE'RE STEPPING IN AND PROVIDING THE STAFF THAT THE CITY NEEDS TOO& MAKE THESE INITIATIVES COME TOO& FRUITION. EVEN THE LETTER OF INTENT THAT WE'RE GETTING READY TO WRITE FOR THE CITY, FOR THE PARK. RIGHT. SO WE'RE DOING ALL OF THIS WORK BECAUSE, AGAIN, OUR MISSION IS TO CREATE JOBS AND STABILIZE, STABILIZE THE TAX BASE HERE IN HORIZON CITY. 
          [00:35:02]
RIGHT. SO EVEN THOUGH IT'S A LOT OF WORKING WITH THE CITY, I THINK IT'S ALSO AN ECONOMIC DEVELOPMENT EFFORT HERE, HERE IN THIS AREA. BUT SO FAR, STAFF HAS BEEN REALLY, REALLY GREAT. 
          WORKING WITH THE CITY HAS BEEN GREAT AND I SEE GREAT THINGS HAPPENING IN HORIZON CITY, ESPECIALLY WHAT WE'RE SEEINGG& RIGHT NOW IN THE EAST LAKE AREA& WHERE ALL THAT NEW DEVELOPMENT IS COMING IN. IN OUR DISCUSSION, WE CONTINUE TO REACH OUT TOO& DIFFERENT BROKERS OUT THERE AND WHAT WE'RE HEARING, AND WE DON'T KNOW WHAT IT IS, BUT THERE'S ANOTHER BIG BOX COMING INTO THIS AREA, WHICH MEANS THAT THERE'S GOING TO BE MORE DOLLARS FOR THE EDC, MORE DOLLARS FOR THE CITY, BUT MORE DOLLARS FOR THE EDC JUST MEANS THAT WE'RE INVESTING MORE. YOU'RE GOING TO UTILIZEE& THIS EDC FOR WHAT IT WAS CREATED FOR, AND THAT IS TO HELP WITH SOME OF THESE PROJECTS THAT THE CITY IS CAN'T TAKE ON. RIGHT..& AND THAT THAT'S OUR GOAL, YOU KNOW, AT THE END OF THE DAY. SO WE DO WE TRY TO KEEP OUR BUDGET AS LOW AS POSSIBLE TO ENSURE THAT WE HAVE THOSE DOLLARS THAT WE NEED WHEN WE NEED TO INVEST THEM, YOU KNOW, WHEN THE TIME IS RIGHT, WE'RE GOING TO INVESTT& THOSE DOLLARS, WHETHER IT'S FOR A PARK, BECAUSE THAT'S ONE OF THE THINGS THAT YOU CAN DO WITH& AN EDC, RIGHT? WHICH IS WHY YOU CREATED IT. SO IT'S THOSE EFFORTS, WHETHER WE NEED TO RECRUIT A LARGE COMPANY INTOO& THIS AREA, THAT IS WHEN WE'RE GOING TO GO IN THERE AND UTILIZE OUR RESERVES TO TRY TO RECRUIT THESE TEAMS TO MAKE THESE THINGS HAPPEN IN HORIZON AND EVENN& BUYING LAND, YOU KNOW, IT'S JUST DEPENDS, YOU KNOW, BUT WE DO SEE A LOT OF THAT HAPPENING OUT THERE. AND I DO HAVE TO APPLAUD YOU ON THE OTHER SIDE OF THAT, WHICH IS WITH THE SMALL BUSINESSES THAT WE'RE TALKING ABOUT EARLIER, IT DOESN'T COSTT& US ANYTHING TO MAKE A HUGE DIFFERENCE, RIGHT, FOR THOSE FOLKS. AND WHO KNOWS WHAT THAT BRINGS TO OUR TO OUR. TO OUR REVENUES. BUT AND OFTEN ITT& DOESN'T TAKE VERY MUCH MONEY. ABSOLUTELY. MOST PEOPLE ARE GLAD TO SEE $5,000. AND YEAH, IT HELPS THEM A LOT. AND THAT'SS& TRUE. YOU KNOW, WE'RE GOING TOO& PAY $29,000 FOR THE NEXT 4 OR 5 YEARS, RIGHT? PER YEAR. THIS MAN INVESTED $3 MILLION. PLUS HE'S GOING TO INVEST MORE IN THE ARE& WHERE WE'RE AT. RIGHT. AND SO WE SPENT A LITTLE BIT OF MONEY TO, TO GET HIM IN HERE TO, TO INCENTIVIZE THEM TO BUILD. AND BUT THEY'RE INVESTING IN THE MILLIONS AND WE'RE INVESTING IN& THE THOUSANDS. YEAH. RIGHT. AND THE SAME THING THAT WE'RE GOING TO DO WITH ALL OF THESE OTHER PROJECTS THAT WE'RE WORKING ON, WHAT YOU SAW ON, ON, ON CARNAZZO. RIGHT. IT'S A $66& MILLION INVESTMENT, YOU KNOW, AND WHEN WE'RE PAYING $10,000 FOR THE EDC AND THE CITY'SS& PAYING $14,000, BUT WE GOT A DIFFERENT LOOK IN THE HORIZON CITY AREA. YOU'RE NOT GOING TOO& GET THAT SEA OF PARKING IN THE FRONT. LIKE WHAT? YOU'RE WHATT& YOU'RE GOING TO SEE UP AND DOWN EAST LAKE. THE HORIZON IS GOING TO CONTINUE TO GROW. AND I THINK THERE'S SOME SOME GOOD THINGS THAT ARE HEADED THIS WAY. AND I THINK WE'VE GOT WE'VE GOT GREAT PERSONNEL HERE. AND I THINK THEY DESERVE EVERY PENNY THAT THEY EARN ON THEIR SALARY BECAUSE THEY REALLY, REALLY WORK HARD T& DO WHAT IT IS THAT THEY DO. YEAH. APPRECIATE YOUR TIME. 
          THANK YOU. OKAY. SO THIS IS AN ACTION ITEM. DOES ANYBODY HAVEE& ANY MORE QUESTIONS ON THE BUDGET IN THAT ORDER. DO I HAVE A MOTION TO APPROVE. MOTION TOO& APPROVE. IS THERE A SECOND??& SECOND. NO FURTHER DISCUSSION. ALL IN FAVOR? AYE. ALL OPPOSED. MOTION CARRIES. THANK YOU. 
          APPRECIATE YOUR TIME. YEAH. GREAT JOB. SO BEING NO FURTHER ITEM ON THE AGENDA WE ARE
* This transcript was compiled from uncorrected Closed Captioning.