[00:00:06] 601. AND I WILL CALL THISS& MEETING. IN THIS REGULAR MEETING OF THE HORIZON CITYY& ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORSS& TO ORDER. WE DO HAVE A QUORUM..& PRESENT. ITEM NUMBER TWO IS OPEN FORUM. LILY, DID YOU WANT TO SAY WE HAVE NO OPEN FORUM? [3. Approval of Minutes from: August 20, 2025 Regular Board Meeting.] NO ONE HERE FOR OPEN FORUM? ITEM NUMBER THREE IS THE APPROVAL OF THE MINUTES FROMM& THE AUGUST 20TH, 2025 REGULARR& BOARD MEETING. IS THERE A MOTION TO APPROVE? I HAVE AA& MOTION. IS THERE A SECOND??& SECOND? I HAVE A SECOND. ALL IN FAVOR? AYE, AYE. ANY OPPOSED? [4. Discussion and Action] THE MOTION CARRIES ITEM NUMBERR& FOUR. DISCUSSION AND ACTION ON A RESOLUTION AUTHORIZING THE BOARD PRESIDENT TO APPROVE THE EXPENDITURE OF $7,500 BY THE EDC TO SPONSOR THE TEXAS ECONOMIC DEVELOPMENT COUNCIL'S 2025 2026 CONFERENCES. HEY, SOO& GOOD EVENING, BOARD MEMBERS EDDIE GARCIA WITH THE TOWN OFF& HORIZON CITY ECONOMICC& DEVELOPMENT CORPORATION. FOR THE RECORD. SO THE ITEM THATT& YOU HAVE BEFORE YOU IS A SPONSORSHIP REQUEST TO THE TEXAS ECONOMIC DEVELOPMENT CONFERENCE. AND SO TEXASS& ECONOMIC DEVELOPMENT, TEXAS ECONOMIC DEVELOPMENT CONFERENCE IS ONE OF THE THE LEADING ARMSS& IN ECONOMIC â– DEVELOPMENT HERE IN THE STATE OF TEXAS. RIGHT. SOO& THE TEXAS ECONOMIC DEVELOPMENTT& COUNCIL, THEY REPRESENT ALL OFF& THE ECONOMIC DEVELOPERS HERE. IT'S ONE OF THE LARGEST ASSOCIATIONS THAT WE HAVE HEREE& IN TERMS OF ECONOMIC DEVELOPMENT. AND SO WHAT THEYY& DO YEARLY, THEY HAVE THESE DIFFERENT CONFERENCES. THEYY& HAVE THEM IN ALL PARTS OF OF TEXAS. EL PASO IS ONE OF THEE& PARTS OF TEXAS THAT THEY RARELY COME TO. RIGHT? SO THEY GO A LOT TO EITHER SAN ANTONIO, TO HOUSTON, TO DALLAS, YOU KNOW, BECAUSE IT'S EASIER FOR SOME OF THE ECONOMIC DEVELOPERS OUT THERE TO TRAVEL. SOMETIMES THEY DRIVE. THEY DON'T HAVE TO FLY. WHEN THEY COME TO EL PASO, THEY HAVE TO FLY. BUT IN THIS CASE,,& WHAT THEY'RE DOING IS THEY'RE GOING TO COME TO THE CITY OF EL& PASO IN THE WINTER. AND SO I THINK IT'S VERY IMPORTANT THATT& THE EDC THAT WE SPONSOR THE CONFERENCES THROUGHOUT THE YEAR FOR THE 2025, 2026 FISCAL YEARR& FOR THEM. AND SO, YOU KNOW,,& WHAT WE GET IN RETURN FOR THAT IS THEY'RE GOING TO GIVE US TWO PASSES TO GO TO THE WINTERR& CONFERENCE, TO THE MID-YEARR& CONFERENCE, AND TO THE ANNUAL CONFERENCE. SO THE EDC, ME AND RAFA ARE GOING TO FLY OUT TOO& SAN ANTONIO NEXT MONTH AT THE END OF THE MONTH. SO BECAUSE WE'RE GOING TO HAVE A TABLE ATT& THIS POINT, RIGHT, WE'RE GOING TO HAVE WE'RE GOING TO DISPLAY OUR TABLE. WE'RE GONNA TAKE OUR& DISPLAY TABLE OUT THERE,,& SOMETHING THAT WE TYPICALLY DON'T DO. WE TYPICALLY JUST GOO& TO THE CONFERENCES AND LISTENN& TO WHAT'S HAPPENING. BUT IN THIS CASE, YOU KNOW, IT'S GOING TO BE WE'RE GOING TO TAKE AN ACTIVE ROLE IN WHAT'S HAPPENING& AND I THINK IT'S REALLY IMPORTANT THAT WHEN THEY COMEE& TO EL PASO THAT WE SHOW THAT WE'RE THAT WE'RE SPONSORING AND THAT AND THAT THEY'RE WELLL& RECEIVED HERE IN EL PASO SOO& THAT THEY CAN CONTINUE TO COMEE& BACK TO EL PASO. RIGHT. SO IT'S IMPORTANT THAT WE REPRESENT ALL OF THIS AREA OF THE BORDERPLEX REGION. AND SO THAT'S WHAT WE'RE GOING TO BE GETTING. YOUU& KNOW, I THINK FOR US, IT'S IMPORTANT THAT WE GET THE TOWNN& OF HORIZON CITY. WE'VE BEENN& DOING A GREAT JOB WITH THE WITH& THE MARKETING FOLKS THAT WE'VEE& HIRED. I DON'T KNOW IF YOU ALL HAVE SEEN SOME OF THE STUFF THAT'S ON LINKEDIN, ON FACEBOOK. YOU KNOW, WE'RE STARTING TO GET A LOT OF HITS, BUT NOW WE'REE& GOING TO TAKE IT TO TO THEE& STATE LEVEL, RIGHT? NOT JUSTT& HERE LOCALLY. SO I THINK IT'SS& IMPORTANT THAT THAT THAT WE GO OUT THERE AND PAY THE $7,500 TO SPONSOR THE TEXAS ECONOMIC DEVELOPMENT COUNCIL. IT'S GOING TO BE WORK FOR ME AND RAFA. WE WEREN'T PLANNING ON GOING INN& OCTOBER, BUT I THINK AT THIS POINT IT'S REALLY IMPORTANT THAT WE DO GO AND THAT WE REPRESENT THE TOWN OF HORIZON CITY OUT THERE AND THAT WE SHOULD, YOU KNOW, WE'RE GOING TO GIVE THAT DISPLAY TABLE THAT& WE TYPICALLY HAVE, BUT IT ALSO GIVE US SOME SOME ROOM TO COME IN HERE AT THE CITY OF EL PASO OR THE EL PASO BORDERPLEXX& REGION TO HAVE OUR TABLE HEREE& AS WELL. BUT WITH THAT, I'LL TAKE ANY QUESTIONS. I THINK IT'S IMPORTANT, PARTICULARLYY& WITH THE EL PASO CONFERENCEE& COMING, THAT WE'RE WE'RE DO ASS& MUCH AS WE CAN FOR THAT. II& DON'T KNOW, THERE MIGHT BEE& ADDITIONAL SPONSORSHIP OPPORTUNITIES WHEN THAT HAPPENS& BUT AND CERTAINLY WE WANT AS MUCH AS PARTICIPATION FROM OURR& BOARD AS WE CAN. RIGHT. AND SO THIS IS A FIRST FOR US. RIGHT..& YOU KNOW, WE WE DO TAKE OURR& PRESENTATIONS OUT TO DIFFERENTT& ORGANIZATIONS AND TO DIFFERENTT& EVENTS. BUT THIS WILL BE THEE& FIRST THAT I KNOW OF WHERE WEE& GO TO THE TEXAS ECONOMIC DEVELOPMENT COUNCIL. AND AND YOU ALL PROBABLY KNOW BETTER IF& WE'VE EVER DONE THIS, BUT I THINK THIS IS GOING TO BE A FIRST FOR US, BECAUSE WE'RE ACTUALLY GOING OUT THERE AND WE'RE SPONSORING THIS EVENT ORR& THESE EVENTS WITH THE TEXAS ECONOMIC DEVELOPMENT COUNCIL. AND IT'S IMPORTANT THAT WE THAT WE SHOW UP, YOU KNOW, AT AT A MINIMUM, YOU KNOW, AT OUR INN& OUR OWN BACKYARD FOR SOMETHING [00:05:02] LIKE THIS. OKAY. SO IS THERE ANY FURTHER DISCUSSION ON THISS& ITEM? DO I HAVE A MOTION TOO& APPROVE. SECOND I HAVE A MOTION IN A SECOND. ALL IN FAVOR? AYE.& ANY OPPOSED? MOTION CARRIED. I DON'T KNOW IF IT'S APROPOS. I GENERALLY GO TO THE OCTOBER MEETING. WE'VE DONE THAT FOR YEARS. I CANNOT GO THIS YEAR. I DON'T KNOW IF ANYBODY'SS& INTERESTED. YEAH. I MEAN, IF ANYBODY'S INTERESTED, TYPICALLY WHAT WE'LL DO IS WE, WE WE WILL PAY FOR YOUR FLIGHT AND YOUR HOTEL. SO IF ANYBODY'S INTERESTED, JUST LET US KNOW SO& YOU CAN ATTEND ONE OF THESEE& CONFERENCES JUST TO SEE WHAT IT'S LIKE. AND YOU GET TOO& WITNESS WHAT WE'RE GOING TO GO OUT THERE AND THE IMPORTANCE OF HAVING A TABLE OUT THERE. BUTT& SO IF ANYBODY IS INTERESTED,,& JUST LET US KNOW, SEE HOW MANYY& WHAT OUR COMPETITION IS. THAT'S& ALWAYS AMAZES ME. THE EDC IS ACTUALLY WHAT'S THE DATE? IT'S OCTOBER 2829. SO WE'RE GOING TO GO OUT TO THE 27TH, THE 28TH AND THE 29TH, AND THEN THE 29TH& WE COME BACK. IT GOES ALL THEE& WAY TO THE 30TH, 28TH. SO 28TH, 29TH. BUT WE'LL WE'LL GO OUT TO& THE 27TH BECAUSE WE HAVE TO BEE& THERE ON THE 28TH TO SET UP ORR& MAYBE EVEN THE 27TH. AND YOU SAID SAN ANTONIO OR IT'S IN SAN ANTONIO THIS YEAR, IT'S IN SAN ANTONIO. SO AGAIN, IF ANYBODY IS INTERESTED, JUST LET US KNOW. AND YOU KNOW, WE CAN GET YOU THE TICKET THAT YOU WANT. THE LODGING AND AND WE'LL SEE WHAT WE CAN DO IN FEBRUARY WHEN ITT& COMES. YEAH. AND THEN IN FEBRUARY IN MARCH, I THINK THEY'RE GOING TO COME HERE TO, TO THE CITY OF EL PASO. AND WEE& CAN POTENTIALLY GET YOU ALL TICKETS TO GO THERE AS WELL..& OCTOBER 29TH TO THE 31ST, 29THH& TO THE 31ST. OKAY. SO THENN& WE'RE GOING TO GO THERE THE 28TH. WE'RE GOING TO BE THERE THE 29TH, 30TH AND 30TH. I FLY BACK BECAUSE THE NEXT DAY IS MY BIRTHDAY. YOUR BIRTHDAY THE 31ST. NOBODY CARES. YOU'RE RIGHT. WELL, EMILIO'S GOING TOO& CARE BECAUSE HE'S LIKE, YOUU& GOTTA TAKE ME TRICK OR TREATING, MAN. I'M LIKE, ALL RIGHT, I CAN'T MAKE IT. SO. YEAH. SOO& AGAIN, ANYBODY'S INTERESTED. JUST REACH OUT TO US. ITEM [5. Discussion and Action] NUMBER FIVE, DISCUSSION AND ACTION ON A SERVICE AGREEMENT ENTERED INTO BETWEEN THE TOWNN& OF HORIZON CITY, TEXAS AND THE TOWN OF HORIZON CITY ECONOMIC DEVELOPMENT CORPORATION TO PROMOTE EFFICIENCY OF PERSONNEL AND ADMINISTRATIVE SERVICES. ANY. DID YOU QUEUE THIS UPP& ALREADY? OKAY, SO HERE IT IS..& OKAY. SO THIS IS A REQUEST FROM& STAFF TO ALLOW US TO ENTER INTO& AN AGREEMENT WITH THE TOWN OF HORIZON CITY TO PROVIDEE& ECONOMIC DEVELOPMENT SERVICES. AND SO AS YOU ALL HAVE SEEN, SOME OF THE THINGS THAT THE EDC& SO WE'VE BEEN NOT STRICTLY DOING ECONOMIC DEVELOPMENT STUFF ANYMORE HERE IN HORIZON CITY, LIKE WHAT WAS TYPICALLY DONE. YOU KNOW, WE'VE BEEN GOING IN THERE, WE'VE BEEN WORKING ON ZONING. I SERVED AS THE PLANNING DIRECTOR, THEE& INTERIM PLANNING DIRECTOR FOR A WHILE THERE. AND SO WE HAVE A LOT OF EXPERTISE HERE AT THE ECONOMIC DEVELOPMENT AT THE HDC. WE'RE FLEXIBLE TO GO OUT THERE AND ADD THREE MORE TEAM MEMBERS& TO WORK WITH THE TOWN OFF& HORIZON CITY. THIS IS SOMETHING& THAT I SPOKEN TO THE MAYOR ABOUT. AND WE CAN WE CANN& CONTINUE TO HELP, YOU KNOW,,& ADMINISTER SOME OF THE PROGRAMS& THAT THE CITY HAS. THE MOST IMPORTANTLY, WHAT'S HAPPENINGG& WITH THE CITY IS THAT THEY'RE ACTUALLY DOING CHAPTER 380 AGREEMENTS NOW, WHICH IS DIFFERENT THAN THE PERFORMANCE AGREEMENTS THAT THE EDC DOES. RIGHT? SO THEY'RE GOING TO NEED& SOMEBODY OUT THERE TO NEGOTIATE THESE AGREEMENTS FOR THEM ANDD& THEN TO MANAGE THEM AFTER THEY'VE BEEN SIGNED. RIGHT. SO THEN THERE'S A THERE'S A COMPLIANCE PORTION, WHICHH& USUALLY ABOUT A 4 OR 5 YEARR& THING. RIGHT. SO IT'S NOTT& SOMETHING THAT YOU JUST SIGN AND YOU WALK AWAY. IT'S SOMETHING THAT WE NEED TO COMPLY WITH TO MAKE SURE THAT IF WE'RE PAYING OUT ANY DOLLARS AND THE CITY IS PAYING OUT ANY DOLLARS, THAT WE'RE ENSURINGG& THAT THESE PEOPLE ARE MEETING THEIR GOALS. AND SO THESE ARE SOME OF THE THINGS THAT I'VE BEEN WORKING ON, YOU KNOW, WITH THE TOWN OF HORIZON CITY, YOU KNOW, WE'VE BEEN WORKING ON ZONING SUBDIVISIONS. WE CHANGED& THE ZONING ORDINANCE TO ALLOW FOR A ZERO SETBACK INN& COMMERCIAL DEVELOPMENT. WE'VE BEEN NEGOTIATING DEVELOPMENT AGREEMENTS THAT WE'VE BEENN& TAKING THE COUNCIL ALREADY. YOU KNOW, WE'RE DOING ALL OF THESEE& THINGS FOR FOR THE TOWN OF HORIZON CITY. IT'S JUST A MATTER NOW OF MAKING SURE THATT& WE'RE MEMORIALIZING IT TO ANN& AGREEMENT. OKAY. SO ESSENTIALLY WE'RE GOING TO MANAGE ALL OF THOSE ECONOMIC DEVELOPMENT FOR THE TOWN OF HORIZON CITY, WHICH IT TOTALLY MAKES SENSE, RIGHT? THEY DON'T HAVE AN ECONOMICC& DEVELOPMENT ARM. WE ARE THE ECONOMIC DEVELOPMENT FOR THE TOWN OF HORIZON CITY, EVENN& THOUGH WE'RE THE EDC, TECHNICALLY WE'RE SEPARATE. BUT& YOU KNOW, I THINK WE CAN WORKK& TOGETHER TO DO SOMETHING WITHH& THEM. ONE OF THE FIRST THINGS THAT HAPPENED WHEN I GOT HEREE& IS THE REAL ESTATE SUPPORT THAT WE'VE BEEN DOING, GOING OUT THERE AND ACQUIRING PROPERTIES. WE'VE BEEN WORKING WITHH& DIFFERENT FOLKS TO SEE ABOUT ANNEXING PROPERTIES. AGAIN. WEE& [00:10:01] HAVE THAT EXPERTISE. WE DID THAT. YOU KNOW, THE FOLKS THAT ARE UNDER MY TUTELAGE DID THAT AT THE AT THE CITY OF EL PASO, YOU KNOW, SERVE AS A SPECIAL PROJECT MANAGER, YOU KNOW, WORKING WITH CITY STAFF TO DO THAT. AND THEN ANY ADDITIONALL& SERVICES, YOU KNOW, AT SOME POINT, YOU KNOW, THE CITY HAS A TOURS, YOU KNOW, AND IT BELONGS IN ECONOMIC DEVELOPMENT. BUT AT THIS POINT THE CITY STILL HASS& CONTROL OF THAT. BUT THERE MAY BE ADDITIONAL SERVICES THAT WILL ADD TO THIS. BUT, YOU KNOW& WHEN THAT TIME COMES, WE'LL WE'LL COME BACK AND AND SEE WHAT WE CAN DO. SO THE MAYOR IS& GOING TO DIRECT, YOU KNOW WHAT HE WANTS. HE'S GOING TO ASK US,& YOU KNOW, IF HE NEEDS ANY OFF& THESE SERVICES. BUT AT THE END OF THE DAY, WE'RE ALREADY DOING IT RIGHT. WE'RE ALREADY WORKING& ON SOME OF THESE PROJECTS WITHH& THEM. IT'S JUST NOW A MATTER OF MEMORIALIZING IT. SO THIS WILL RUN FROM OCTOBER 1ST OF 20255& THROUGH SEPTEMBER 30TH OF 2026 NEXT YEAR. AND IT'LL RENEW ITSELF, YOU KNOW, UNLESS THE OTHER PARTY DECIDES THAT THEY NO LONGER WANT TO CONTINUE WITH THE SERVICES. SO RIGHT NOW, THE EDC PAYS THE TOWN OF HORIZONN& CITY $8,600 PER YEAR, AND THEY PROVIDE PAYROLL SERVICES. IT SERVICES, HR SERVICES FOR FOR THE EDC. RIGHT. AND SO WE'RE ESSENTIALLY GOING TO CHARGE THE& SAME AMOUNT THAT THEY CHARGE US. SO IT'LL BE A WASH. ESSENTIALLY WE'RE NOT GOING TO MAKE ANY MONEY. AND YOU KNOW WE'RE NOTT& WE'RE GOING TO JUST WORK WITHH& EACH OTHER FOR THE 8600. BUT WE NEED TO INCLUDE THAT IN THEREE& IN TERMS OF WHAT WE OWE EACH OTHER AS A CITY AND THE EDC. SO THEY'RE GOING TO CONTINUE TO DO& THE HR AND AND, YOU KNOW, THE PAYROLL FOR US, AND WE'LL DO ECONOMIC DEVELOPMENT FOR THE SAME AMOUNT THAT THEY'RE CHARGING US. SO THERE IS NO NOO& GAIN AND NO LOSS FOR EITHER THE CITY OR EDC. BUT WE'RE GOING TO& CONTINUE TO DO THAT. SO RIGHT NOW IT'S TWO TWO AGREEMENTS. IT'S TWO DIFFERENT AGREEMENTS. THEY HAVE AN AGREEMENT WITH US,& AND WE'RE GOING TO HAVE AN AGREEMENT WITH THEM WHERE THEY PROVIDE US THOSE HR SERVICES,,& PAYROLL SERVICES, IT SERVICES. AND THEN WE WE IN TURN ARE GOING TO PROVIDE THEM ECONOMICC& DEVELOPMENT SERVICES. I GUESS WE CAN JUST PUT EVERYTHINGG& UNDER ONE AGREEMENT. IT'S IT'S DIFFERENT BECAUSE NOW WE COULD POTENTIALLY DO IT. BUT WE'RE TWO SEPARATE ENTITIES. YOU KNOW WHAT I MEAN? YOU KNOW, WE WE COULD POTENTIALLY DO SOMETHINGG& LIKE THAT. BUT AT THE END OFF& THE DAY IT'LL BE A WASH. IT'S THE SAME THING. OKAY. SO I HAVE TO TAKE MY AGREEMENT TO THEM BECAUSE THEY TOOK AN AGREEMENT TO US. RIGHT. AND YOU GUYSS& SIGNED OFF ON IT. THE BOARD DID, BUT I SHOWED IT TO THE ATTORNEY& THAT WE HAVE RIGHT NOW. AND HEE& SAID THIS WAS FINE. OKAY. YOU KNOW, I DID SHOW HIM THE OTHER AGREEMENT AND ASKED HIM IFF& POTENTIALLY WE COULD DO SOME SOMETHING SIMILAR TO WHAT YOU'RE ASKING FOR. AND HE SAID, NO, THIS THIS WOULD WORK, YOU KNOW, ESSENTIALLY A WASH. WITH THAT. I'LL TAKE ANY QUESTIONS ON THIS ITEM. THIS IS BASICALLY& FORMALIZING WHAT WE'RE FORMALIZING EXACTLY. YOU KNOW. YOU KNOW, IT'S KIND OF HARD, YOU KNOW, WORKING WITH THE CITY, YOU KNOW, AS AN INTERIM PLANNING DIRECTOR WITHOUT HAVING SOME TYPE OF FORMAL AGREEMENT. BUT I THINK THISS& FORMALIZES IT. YOU KNOW, THEY'RE, YOU KNOW, ESSENTIALLY,& I THINK WE NEED TO CONTINUE TOO& WORK TOGETHER, YOU KNOW. BECAUSE THAT WILL THAT, THAT, THAT ALLEVIATE THAT, THAT HELPS US TOO, AS WELL. WHEN WE'RE OUT THERE NEGOTIATING SOME OF THESE CONTRACTS, IT GIVES US SOME,,& SOME BACKBONE TO STAND ON WHEN WE'RE DEALING WITH FOLKS. YOU KNOW, INSTEAD OF US BEING A SEPARATE ORGANIZATION. BUT AGAIN, IT WOULD BE AT THE REQUEST OF THE CITY FOR WHAT IT IS THAT WE'RE DOING. OKAY. ANY QUESTIONS? DISCUSSION. WE HAVEE& A MOTION ON THIS. SO MOVED. SECOND, I HAVE A MOTION AND A SECOND. ALL IN FAVOR. AYE, AYE. [6. Executive Session] ANY OPPOSED? OKAY. ITEM NUMBER SIX, EXECUTIVE SESSION. THE ECONOMIC DEVELOPMENT CORPORATION. BOARD OF DIRECTORS OF THE TOWN OF PRESTON CITY MAY RECESS INTO EXECUTIVE SESSION PURSUANT TO THE TEXAS GOVERNMENT CODE, CHAPTER 551,,& SUBCHAPTER D UNDER ARTICLE 551.0. WHAT ARE WE DELIBERATING? WE'VE GOT AN ITEM THERE REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. YES, SIR. OKAY. AND WITH WELL, LET HIM LET HIM GO INTO LET HIM GO IN THEN WE'LL GO INTO IT. AT THIS TIME I WOULD ENTERTAIN A MOTION TOO& ADJOURN INTO EXECUTIVE SESSION. SO MOVED. I HAVE A MOTION. ISS& THERE A SECOND? ALL IN FAVOR OKE NOW RECONVENE THE REGULAR MEETING OF THE CITY ECONOMICC& DEVELOPMENT CORPORATION BOARD OF DIRECTORS AND ITEM NUMBER [00:15:04] SIX, A DELIBERATION REGARDING ECONOMIC DEVELOPMENT. INCENTIVE INCENTIVES FOR A PRIVATE DEVELOPMENT PROJECT INVOLVING THE CONSTRUCTION OF A MEDICAL OFFICE CENTER WITHIN THEE& BOUNDARIES OF THE TOWN OF HORIZON CITY. DO I HAVE AA& MOTION ON THIS ITEM? MOVE TO APPROVE AS. AS STATED WITH THE CHANGES TO THE FACADE AND TO THE. LANDSCAPING. SO I THINKK& WE'LL KEEP IT MORE BROAD. AS DISCUSSED IN EXECUTIVE SESSION DISCUSSION DISCUSSION. OKAY, SECOND, I HAVE A MOTION AND AA& SECOND. ALL IN FAVOR? AYE. ANY OPPOSED? MOTION CARRIES. THANKK& YOU. NO FURTHER ITEMS ON THE * This transcript was compiled from uncorrected Closed Captioning.