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ARE YOU READY? WHAT ARE YOU READY TO. OKAY, JUST. WE'LL CALL THIS SESSION OF THE OREGON
[1. Call to order; Establishment of Quorum]
CITY ECONOMIC DEVELOPMENT CORPORATION BOARD OF DIRECTORS TO ORDER. IT IS 6:11 P.M. WE'RE I APOLOGIZE FOR SOMEWHAT DELAYED. WE'VE HAD A FEW TECHNICAL DIFFICULTIES THIS AFTERNOON, BUT WE ARE STARTED. THIS MEETING IS CALLED TO ORDER. WE DO HAVE A QUORUM PRESENT.OUR SECOND ITEM ON THE AGENDA IS OPEN FORUM. IS ANYONE SIGNED UP TO SPEAK TO THIS BODY? HEARING NO ONE, NO. NO ONE FOR OPEN FORUM. WE WILL MOVE ON TO ITEM NUMBER THREE. APPROVAL OF
[3. Approval of Minutes from: November 19, 2025, Regular Annual Board Meeting.]
THE MINUTES FROM NOVEMBER 19TH, 2025 REGULAR BOARD MEETING. MAKE A MOTION TO APPROVE.SECOND, I HAVE A MOTION ON THE MINUTES AND A SECOND. DO WE HAVE ANY ANY FURTHER DISCUSSION ON THE MINUTES HEARING NONE. ALL IN FAVOR? AYE. ANY OPPOSED? MOTION CARRIES. WE CAN MOVE TO
[4. Discussion and Action]
ITEM NUMBER FOUR. DISCUSSION IN ACTION CONSULTING, LLC AND HCDC SERVICES AGREEMENT. ON A MOTION TO AUTHORIZE THE EXPENDITURE OF $42,500 BY THE HORIZON ECONOMIC DEVELOPMENT CORPORATION TO ENGAGE PETTIT CONSULTING, LLC TO ASSIST IN THE CREATION OF A TAX INSTRUMENT REINVESTMENT TAX INCREMENT REINVESTMENT ZONE. OKAY. THANK YOU, MR. BOARD. THANK YOU. YOUR PATIENCE TONIGHT. SO ITEM NUMBER FOUR ON TONIGHT'S AGENDA IS A REQUEST TO THE EXECUTIVE DIRECTOR OF THE HORIZON ECONOMIC DEVELOPMENT CORPORATION TO AUTHORIZE TO SIGN A CONSULTING SERVICE AGREEMENT BETWEEN THE HSC AND PETTIT CONSULTING, LLC IN AN AMOUNT NOT TO EXCEED $42,500, AND SO ON. THE NEXT SLIDE, WHICH YOU WILL SEE IS SOME BACKGROUND ON THE PROJECT.SO YOU ALL MIGHT REMEMBER THAT WE'VE SPOKEN ABOUT THIS BEFORE. SO THE HDC AND THE CITY HAVE DETERMINED THAT EXPANDING THE EXISTING TOURISM. SO YOU ALL MAY KNOW THAT THE TAX WHEN I SAY TOURISM, IT'S TAX INCREMENT REINVESTMENT ZONE. IT'S A SPECIAL ZONE THAT WE HAVE IN TOWN. IT'S MEANT TO STIMULATE DEVELOPMENT. IT'S ONE OF THE MOST POWERFUL ECONOMIC DEVELOPMENT TOOLS THAT ANY CITIES CAN HAVE. AND WE'VE GOT ONE IN TOWN. IT'S ACTUALLY COVERING THE TRANSIT ORIENTED DEVELOPMENT RIGHT HERE NEXT TO US. SO IT'S CALLED TOURS ONE.
SO IF I REFER IF I REFERENCE TOURS ONE, THAT'S WHAT I'M TALKING ABOUT. SO THE INTENT IS TO EXPAND THIS EXISTING TOURS TO PULL IN WHAT WILL BASICALLY BE A WHOLE BUNCH OF NEW TAX REVENUE THAT WILL BE GENERATED BY THE DEVELOPMENT THAT'S SCHEDULED TO BE BUILT IN NORTHEAST HORIZON CITY. YOU ALL MAY REMEMBER WHAT THAT IS. A FEW SLIDES DOWN, YOU'LL SEE AN IMAGE OF WHAT THAT IS KIND OF DESCRIBING IT. BUT THE REQUEST HERE WOULD BE TO ALLOW US BASICALLY TO CONTRACT WITH A VERY QUALIFIED TOURIST CONSULTANT TO GET THE WHOLE PROCESS STARTED, FROM RUNNING THE NUMBERS, TO SEE WHAT THAT WOULD LOOK LIKE, TO ACTUALLY AFFECTING THE TOURISM EXPANSION. AND SO STAFF DID IDENTIFY THE NEED TO ENGAGE WITH A QUALIFIED TOURS CONSULTANT TO GENERATE REVENUE ESTIMATES, WHICH WILL ALLOW THE CITY TO TAKE THE NEXT STEPS IN CONSIDERING WHICH ASPECT OF THE PLAN, WHICH ASPECTS OF THE PLAN ARE VIABLE AND BENEFICIAL TO THE LARGER DEVELOPMENT STRATEGY. AND WE'RE ALSO TALKING ABOUT SPURRING DEVELOPMENT NOT ONLY IN THE STORE, BUT THE SPORTS PARK AS WELL. SO YOU ALL MAY REMEMBER THAT THE 2020 HORIZON CITY COMP PLAN IDENTIFIED A SPORTS PARK AS ONE OF THE MAJOR PROJECTS THAT WE WANTED TO BUILD. WE'VE RUN THROUGH THE FEASIBILITY STUDY IN 22 THAT CAME OUT LOOKING GOOD. SO WE NOW WE'RE AT THE POINT OF TRYING TO FIGURE OUT WHO THE PRIVATE PARTNER OR WHATEVER PARTNER WAS GOING TO DANCE TO THIS, BASICALLY AND FIGURE OUT THE FINANCING. SO WE THINK WE'VE GOT A PLAN HERE, BUT ONE OF THE MAIN ASPECTS OF THE PLAN WOULD DEFINITELY BE TO EXPAND THE TOURS TO ALSO SUPPORT THE DEVELOPMENT OF THE SPORTS PARK.
SO AGAIN, WE'VE GOT A TOURS HERE. THE INTENT WOULD BE TO WORK SOME NUMBERS OUT WITH THE CONSULTANT TO SEE IF IT'S BENEFICIAL TO THE TO OUR PRIVATE DEVELOPER PARTNER AND TO THE CITY TO PULL THIS TOURISM ENERGY AND BRING THE DEVELOPMENT TAX REVENUES TO HELP STIMULATE THE CITY. AND THEN ALSO THE SPORTS PARK. YOU KNOW, JUST SHOW THEM WHAT'S LIKE DRAWN ON YOUR DAY. DEFINITELY. SO SO I'M STILL ON SLIDE NUMBER THREE BOARD. SO ON PAGE THREE. SO IF YOU WANT TO FACE THAT THAT'S A GOOD IDEA RIGHT THERE. SO WE KNOW WHERE WE'RE AT. AND SO THE LAST THING I'LL SAY ON SLIDE NUMBER THREE ON PAGE NUMBER TWO YOU'RE ALSO PRINTOUTS. IS THAT ON OCTOBER 14TH THE CITY DID APPROVE SECURING THE TOURIST CONSULTANT SERVICES. CONTINUE CONTINUE STRUCTURING INCENTIVE PROPOSAL. AND WE'VE SINCE IDENTIFIED THE BEST FIRM. AND SO WHAT YOU WILL SEE RIGHT NOW IS THAT FIRM. AND OUR REQUEST TO FOR YOU ALL TO
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ALLOW US TO TO CONTRACT WITH THEM. THE NEXT SLIDE, SLIDE NUMBER FOUR ON PAGE TWO IS JUST AN IMAGE TO KIND OF REMIND YOU ALL OF WHERE THE PROPOSED SPORTS PARK IS SET TO. AND AS YOU CAN SEE, THAT'S SORT OF THE EASTERN PART. IT IS THE EASTERN PART OF TOWN RIGHT NEXT TO THE HIGH SCHOOL. AND IT'S INITIALLY CONCEIVED AS A 30 ACRE SPORTS PARK, BUT THERE'LL BE A LOT OF OTHER DETAILS THAT WE'LL BE BRINGING FORWARD TO YOU PRETTY SOON THAT THAT MAY CHANGE THAT.SO I'M FLIPPING THE PAGE OVER TO PAGE NUMBER FIVE NOW. SLIDE NUMBER FIVE I'M SORRY, PAGE THREE. AND SO THIS AGAIN IS JUST TO TO GIVE YOU A SENSE OF WHERE EVIDENCIA IS. THAT'S THE IMAGE THAT YOU SEE ON THE RIGHT SIDE OF THE SLIDE. BUT WE DID CONDUCT A SEARCH. WE, WE SEARCHED THROUGHOUT TEXAS AND WE WE IDENTIFIED THREE QUALITY FIRMS THAT WE CONSIDERED AS PART OF THIS PROCESS. AND SO THE PRIMARY FACTORS, AS YOU CAN SEE, LISTED THAT WE DID CONSIDER IN SELECTING CONSULTANT WERE FIRST AND FOREMOST FAMILIARITY WITH THE LOCAL DEVELOPMENT MARKET. THAT'S VERY IMPORTANT BECAUSE WE STILL HAVE TO MAKE SURE THAT WE GET THE RIGHT NUMBERS AND AND SEND THOSE OVER TO OUR PRIVATE PARTNER, OUR FINGERS CROSSED PRIVATE PARTNER. AND THAT'S REALLY THE MOST IMPORTANT PART. WE WANTED TO SEE IF THESE CONSULTANTS UNDERSTOOD LOCAL DEVELOPMENT AND WERE ABLE TO MORE OR LESS ACCURATELY PREDICT WHAT THE DEVELOPMENT WAS GOING ON FOR, LIKE WHAT IT WAS GOING TO BE WORTH FIVE YEARS FROM NOW, TEN YEARS, 15, 20 YEARS FROM NOW. SO THAT WAS JOB ONE. SECONDLY, WE WANTED TO MAKE SURE THAT THEY WERE ABLE TO DELIVER THE INFORMATION QUICKLY, BECAUSE WE'RE ALSO MOVING AT THE SCHEDULE OF OUR POTENTIAL PARTNER, AND THEY'RE MOVING VERY QUICKLY. IN FACT, IN JANUARY, THEY ALREADY START MEETING WITH THEIR LEADERSHIP TO SEE IF THIS IS DOABLE FOR THEM. THEY NEED NUMBERS ALREADY JANUARY, FEBRUARY. SO WE WANTED TO MAKE SURE THAT THEY COULD MOVE QUICKLY WITH US. AND FINALLY, WE ALSO WERE CONSIDERING COMPETITIVE PRICING. NOW THAT WASN'T THE PRIMARY PART, BUT WE DEFINITELY WANTED TO MAKE SURE THAT THAT'S SOMETHING WE CONSIDERED. AND SO THE THREE FIRMS THAT WE CONSIDERED WERE EARL AND ASSOCIATES HEADED AND AIDA AND CPXP. AND NOW I'M JUMPING OVER TO SLIDE NUMBER SIX ON PAGE THREE. AND THIS GIVES YOU A SENSE OF WHAT EACH OF THOSE FIRMS CAME THROUGH WITH IN TERMS OF THE THE ASPECTS THAT I JUST MENTIONED THAT WE WERE CONSIDERING. AND SO AS YOU CAN SEE, THE THE COMPANY THAT HAS THE MOST EXPERIENCE FOR IN A WAY WAS PETITE AND THEY WORKED WITH THE CITY. I THINK THEY'VE PUT TOGETHER SOME ABOUT 6 OR 7 OF THEIR TOURS VERY SUCCESSFULLY. THOSE ARE RUNNING VERY WELL RIGHT NOW. THE OTHER TWO COMPANIES DIDN'T HAVE ANY LOCAL AS AS WE STARTED TALKING ABOUT WE DIDN'T HAVE ANY LOCAL TOURS EXPERIENCE. THEY'VE DONE THIS BEFORE, BUT NOTHING NEAR EL PASO. SO THAT GAVE A CLEAR ADVANTAGE. THEY ALSO IT WAS ALSO ABLE TO PRODUCE THE THE NUMBERS THAT WE NEEDED WITHIN 2 TO 3 MONTHS, WHICH ERLBAUM ASSOCIATES WAS ALSO ABLE TO DO. THE TSP WASN'T THEY. THEY NEEDED ABOUT FIVE MONTHS. AND SO AND THE FINAL THING WAS THE PRICING. YOU CAN SEE TSP WAS ABOVE EVERYONE ELSE. SO THAT SORT OF BASICALLY CANCELED THEM OUT. AND IT LEFT PETITE AND EARL. AND WITH THE CASE BEING THAT PETITE AYALA ARE MUCH MORE EXPERIENCED AT CREATING TOURS LOCALLY, THEY DID COME OUT WITH A HIGH SCORE. AND SO THE HECK DOES IS IRON OUT A CONTRACT WITH KETTNER CONSULTING TO EXECUTE A SERVICE AGREEMENT, AND IT WILL BE NOT TO EXCEED $42,500, WHICH WILL BE COMING OUT OF THE HDC'S FUNDS. SO THE HDC WILL BE PAYING FOR THAT.
AND THIS WILL BE AGAIN THE FIRST STEP, BECAUSE WE HAVE TO GET WITH THEM, PROVIDE ALL THE DETAILS THAT THEY NEED, HAVE THEM TALK TO OUR PRIVATE PARTNERS, MAKE SURE THAT THEY CRUNCH THOSE NUMBERS, AND THEN GET BACK TO US WITH AN ACCURATE ANALYSIS AND LET US KNOW WHAT THOSE NUMBERS LOOK LIKE. WE THEN WILL MOVE THOSE NUMBERS ONTO OUR PARTNERS DESK. THEY WILL REVIEW THAT TO SEE IF THAT'S A DEAL THAT WORKS FOR THEM. AND THEN WE CAN PROCEED WITH HOPEFULLY SIGNING AN INCENTIVE THAT, AGAIN, WILL HELP STIMULATE THE SPORTS PARK DEVELOPMENT AND PRINCIPALLY EARLY FOR FOR THIS ITEM. AND SO THE REQUESTS AGAIN WOULD BE THAT YOU ALL DO ALLOW OUR EXECUTIVE DIRECTOR TO SIGN THE CONSULTING AGREEMENT WITH FOR AN AMOUNT NOT TO EXCEED $42,500. AND THAT'S THE PRESENTATION. AND I'LL TAKE ANY QUESTIONS THAT WE HAVE. ANYBODY HAVE ANY QUESTIONS. YEAH, I HAVE A COUPLE CONCERNING. AND YOU'RE TALKING ABOUT CONSULTING WITH OUR PARTNERS. THIS WOULD BE AN EXPANSION OF OUR EXISTING TRC, WHICH INCLUDES TWO OTHER TAXING ENTITIES THAT PARTICIPATE. YEAH. SO SO THAT'S PART OF THE ANALYSIS. SO THAT'S GOING TO BE PART OF THE ANALYSIS THERE. IN THE EVENT THAT THERE IS SOME RELUCTANCE ON EITHER ONE OF THOSE TAXING PARTNERS TO TO. EXPAND THE EXISTING, IT SEEMS
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TO ME THAT CREATION OF THAT TRS IS STILL SHOULD BE A VIABLE, EVEN IF WE DIDN'T HAVE THOSE PARTNERS. SO IS THAT ANALYSIS ALSO PART OF OF THIS SCOPE OF WORK? CAN THEY GIVE US AN AN ANALYSIS THAT SAYS, OKAY, THE COUNTY AND THE MUD DON'T WANT TO DO THIS? WHAT'S IT GOING TO BE IF WE DO IT ON OUR OWN? ABSOLUTELY. SO WE MENTIONED THAT OPTION TO THEM. WE TOLD THEM WE'VE GOT SOME OTHER TAXING ENTITIES THAT ARE PARTNERS, BUT THAT MAY BE THE CASE THAT WE WOULDN'T WANT TO BE SLOWED DOWN. IF THEY DON'T WANT TO JOIN US. WE DON'T WANT TO STOP THE TRAIN FROM MOVING. AND SO THEY'LL BE RUNNING OUT AS WELL. SO WE MIGHT BE LOOKING AT THE CREATION OF A SEPARATE TRC THAT'S JUST SOLELY CITY CITY RUN. IT LIKELY WOULD BE WALTER. AND HERE FOR THE FOR THE SAKE OF BEING ABLE TO HELP STIMULATE THE TOD DEVELOPMENT, WE'D PREFER TO TRY TO EXPAND THIS ONE TO PULL ALL THE MONEY TOGETHER. REALISTICALLY, WE PROBABLY WOULD ASK THAT THE LOCAL PARTNERS DISCONTINUE THE RELATIONSHIP OUT HERE SO THAT WE COULD PROCEED WITH WITH THE MONEYS THAT WE'VE GOT OUT THERE. BUT AGAIN, THAT'S THAT'S MORE OF A QUESTION FOR LEADERSHIP. THEY'LL GET THE CONSULTANT WILL GIVE US SCENARIOS AND THEN WE CAN BRING THEM TO YOU ALL AND SEE WHAT YOU PREFER. ONE OF THOSE SCENARIOS SHOULD BE THAT IT BE CREATED IF, IF, IF THERE IS RELUCTANCE ON OUR OTHER PARTNERS, WHICH I HOPE THERE IS NOT, I HOPE WE CAN JUST CONTINUE ON. BUT MAYBE THAT'S HOW WE FUND THAT REGIONAL PARK TOO. THAT'S RIGHT. SO THERE'S A LOT OF WAYS WE COULD GO HERE, BUT I WOULD LIKE TO THIS THIS SCOPE TO BE AS. FLEXIBLE AND FLUID AS POSSIBLE TO UNDERSTAND THOSE SCENARIOS. ABSOLUTELY.AND LIKE WE SPOKE WITH THEM BEFORE, WE'LL MAKE SURE TO EMPHASIZE THAT AT OUR MEETING.
WE'VE GOT A MEETING SET UP WITH THEM. IF YOU ALL DO APPROVE THIS EARLY NEXT YEAR, THE FIRST WEEK OF NEXT YEAR. AND WE'LL EMPHASIZE THAT BECAUSE THAT'S TRUTHFULLY, ONCE WE GET ALL THE TAX REVENUE THAT VALENCIA WILL BE GENERATING, IT PROBABLY GIVES A LOT MORE OPTIONS TO DO WHAT YOU JUST SAID, WALTER, TO REALLY GO AT IT ALONE IF NEED BE. HAVE THERE BEEN ANY PRELIMINARY DISCUSSIONS WITH THE OTHER TWO ENTITIES? WE HAVEN'T YET, ONLY BECAUSE WE DIDN'T GET THE THE ITEM APPROVED YET. WE THOUGHT THAT WOULD BE, YOU KNOW, WE'D WANT TO GO THROUGH YOU ALL FIRST TO SEE IF THAT'S SOMETHING THAT YOU'D APPROVE, AND THEN WE COULD TALK WITH THEM. YEAH. THANK YOU ROBERT. AND SO JUST TO TO PROVIDE A LITTLE BIT MORE CLARITY ON WHAT IT IS THAT WE'RE DOING, I MEAN, ONE WAY OR THE OTHER, WE'RE GOING TO CREATE THIS TERMS. RIGHT? I MEAN, WHETHER THE OTHER ENTITIES WANT TO PARTICIPATE OR NOT DOESN'T REALLY MATTER FOR US OR FOR THE CITY. WE'RE GOING TO TRY TO CREATE IT. YOU KNOW, WE CAN'T UTILIZE THOSE FUNDS ON THE OTHER SIDE FOR THAT PARK. WE UTILIZE THEM FOR THE TOD.
RIGHT. BUT OUR PRIMARY MISSION RIGHT NOW IS TO EXPEDITE THE DEVELOPMENT OF THE PARK. RIGHT.
AND SO THAT THAT IS WHY WE'RE REALLY PUSHING HARD. WE'RE THAT'S WHY WE CALL THIS MEETING.
AND WE'RE GOING TO TRY TO SKIP THIS MEETING THIS MONTH. BUT IT'S VERY IMPORTANT THAT I GET THIS OUT, BECAUSE I NEED TO GET THAT ANALYSIS BACK FROM DAVID TO SEE WHAT THOSE VALUATIONS ARE GOING TO LOOK LIKE, BECAUSE I'M LOOKING AND WE HAVE A POTENTIAL PARTNER OUT THERE THAT IS GOING TO ASSIST US. THEY'RE GOING TO FRONT THOSE DOLLARS FOR US. RIGHT. AND THEN WE'RE GOING TO PAY THEM BACK WITH THE TOURIST DOLLARS. DOES THAT MAKE SENSE. YEAH. SO SO THAT'S THAT'S THE MAIN GOAL RIGHT NOW. BUT SINCE WE HAVE THIS TERM HERE AND IT ISN'T PERFORMING VERY WELL, YOU KNOW FOR US IT'S YOU KNOW WE CAN EXPAND IT AND THEN BRING SOME OF THOSE DOLLARS IN. IT'S NOT REALLY IT'S NOT TOO IMPORTANT THAT WE TAKE THE AT THE MOMENT REALLY THE, THE THE OTHER TWO TAXING ENTITIES BECAUSE, YOU KNOW, WE WANT TO DEVELOP THE PARK AT THE END OF THE DAY AND WE DON'T WANT TO BE HELD, YOU KNOW, BECAUSE THEY PUT SOME CONDITIONS ON THE TERMS THAT WE HAVE NOW. LIKE WE CAN'T DO ANY ECONOMIC DEVELOPMENT TYPE OF THINGS IN THIS TERM. YOU KNOW, THE COUNTY DID THAT. AND SO WE HAVE TO TAKE IT BACK TO THE COMMISSIONERS COURT. AND WE DON'T REALLY WE REALLY DON'T WANT TO BE HELD UP. IF THEY WANT TO PARTICIPATE. FINE. I THINK THE PARK IS GOING TO EVERYBODY'S GOING TO ENJOY IT.
YOU KNOW, PEOPLE THAT LIVE OUTSIDE OF THE TOWN OF HORIZON CITY, WE THINK WE THINK IT'S ONLY FAIR THAT THEY PARTICIPATE AND WE'RE GOING TO ASK SOMEBODY, WE'RE GOING TO WE'RE GOING TO KEEP MOVING TO GET THAT PARK FINANCED. SO HOW DOES THIS TERRORS CREATION INTERACT WITH THE EXISTING TRC? SO I SO THE WAY IT'S GOING TO INTERACT IS IN FUTURE YEARS, WE'LL UTILIZE SOME OF THE DOLLARS THAT ARE BEING PRODUCED TO BRING THEM OVER TO THIS TERM. IN OTHER WORDS, IT'LL BE TWO DIFFERENT, YOU KNOW, THE DECISIONS THAT ARE BEING MADE HERE WON'T NECESSARILY AFFECT THE OTHER SIDE. AND SO PART OF THE. THE THE TERMS STUDY THAT WE'RE DOING NOW IS TO SEE WHAT WORKS BEST, WHETHER WE KEEP THEM SEPARATE OR WE EXPAND THIS ONE.
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RIGHT. SO WE STILL NEED TO GO THROUGH THAT ANALYSIS EVEN THOUGH WE'RE SAYING WE'RE GOING TO EXPAND IT. IT MAY NOT BE BENEFICIAL. SO WE NEED TO MAKE THAT THAT DECISION AS WELL.DOES THAT MAKE SENSE. IS IT GOING TO BE NECESSARY TO DISSOLVE THE EXISTING TRC ON EAST LAKE TO EXPANDING THE BOUNDARY? NO. OF THE TRC THAT'S ALREADY THERE, THE THE TRC, YEAH, THE TRC, THE OVERLAY A T Z OVER A OVER TR THE TR Z IS I THINK WE'RE GOING TO SUNSET IT IN A COUPLE OF YEARS, RIGHT? YEAH. I THINK SUNSET IN A COUPLE OF YEARS SO WE WON'T BE ABLE WE IT HASN'T WORKED VERY WELL TO CONTINUE TO USE THAT ON ANYTHING ELSE OTHER THAN THE CITY'S PAYING OFF THE DEBT. YEAH. SO THE TRC, JUST SO YOU ALL KNOW, WAS IT'S LIKE A IT'S LIKE A 100 FOOT BUFFER THAT ABUTS EAST LAKE AND WITH THE CITY UTILIZE THAT TRS TO FUND THE CONSTRUCTION OF EASTLAKE BOULEVARD ALL THE WAY TO HORIZON BOULEVARD. RIGHT. AND SO NOW IT'S PERFORMING REALLY WELL BECAUSE OF THE VALUATIONS FROM THE HOUSES THERE THAT THEY'RE GOING TO SUNSET. IF THEY'RE GOING TO PAY OFF THAT DEBT VERY QUICKLY. AND SO WE WON'T NEED THE TRC ANYMORE. DOES THAT MAKE SENSE. AND I THINK IT'S GOING TO PAY OFF THE DEBT. AND I THINK WE'VE DETERMINED THAT WE REALLY CAN'T USE THAT FOR FOR PARKS. I MEAN, YEAH. OR FOR ANY ADDITIONAL. RIGHT. UNLESS IT'S RELATED TO IT WOULD BE ONLY TRANSPORTATION.
AND WE DON'T ANTICIPATE ANY MORE TRANSPORTATION ISSUES. AND JUST SO THE ACRONYM IS TRANSPORTATION REINVESTMENT ZONE. THAT'S TRUE. YEAH. AND THIS ONE IS TAX INCREMENT REINVESTMENT ZONE. THEY WORKED THE SAME. THEY THEY WORK THE SAME. BUT THE TRS CAN ONLY DO TRANSPORTATION LIMITED. YEAH. YEAH OKAY. SO WE CAN OVERLAY IT. YOU KNOW RIGHT NOW YOU KNOW WITH THE IDEA RIGHT NOW IS TO JUST CAPTURE THE VALUATIONS, FIGURE OUT THIS IS A FINANCE VALUATION AND WAIT TILL THE DEBT WRITE SUNSET. SO THE TIRES IS A FINANCING TOOL JUST LIKE THE TREES THE TREES. THE CITY USED IT TO PAY FOR THAT ROAD THE TIRES. WE'RE GOING TO USE IT TO PAY FOR THE PARK. RIGHT. COOL. SEE WHAT I MEAN. SO AND YOU KNOW, IF WE DON'T HAVE THE TIRES, YOU KNOW, THIS THING IS GOING TO BE PHASED OUT, RIGHT? AND THAT'S WHAT WE DON'T WANT.
WE WANT WE WANT IT TO BE BUILT. WE'RE TRYING TO EXPEDITE THE CONSTRUCTION OF THE OF THE PARK.
RIGHT. AND WE'LL TAKE AN ITEM TO THE BOARD AND SEE WHERE WE'RE AT, YOU KNOW, BUT WE JUST HAVEN'T HAD THAT DISCUSSION BECAUSE WE DON'T HAVE NUMBERS TO SHOW THEM. AND THIS IS OUR FIRST STEP IS THESE NUMBERS. DOES THAT MAKE SENSE? OKAY. I NEED TO GET THAT. SOMEBODY NEEDS A MODEL. WHAT WHAT THAT'S GOING TO LOOK LIKE AND CONSIDER ALL THESE QUESTIONS. YES OKAY.
ALL RIGHT. VERY GOOD. MAKE A MOTION TO APPROVE. SECOND HAVE A MOTION ON TABLE. AND A SECOND ANY FURTHER DISCUSSION. HEARING NONE. ALL IN FAVOR? AYE. ANY OPPOSED? MOTION CARRIES. OKAY.
[5. Discussion and Action]
WE CAN GO TO ITEM NUMBER FIVE. DISCUSSION ACTION COMMERCIAL PARTNERS LLC. FIRST AMENDMENT APPROVAL REQUEST THAT THE PRESIDENT OF THE HORIZON CITY OF THE HORIZON ECONOMIC DEVELOPMENT CORPORATION BOARD BE ALLOWED TO SIGN THE FIRST AMENDMENT TO THE PERFORMANCE AGREEMENT BETWEEN THE HORIZON ECONOMIC DEVELOPMENT CORPORATION AND AND PARTNERS, LLC FOR THE CONSTRUCTION OF A 36,000 SQUARE FOOT MEDICAL OFFICE CENTER. AS PART OF THIS AGREEMENT, THE BUILDER WILL BE REQUIRED TO INVEST A MINIMUM OF 6,000,700 AND $700,000 AND COMPLY WITH THE NOTED DESIGN REQUIREMENTS. THE TOTAL GRANT AMOUNT SHALL NOT EXCEED $40,000 FOR. ECONOMIC DEVELOPMENT. ITEM NUMBER FIVE ON TODAY'S AGENDA IS, AS WALTER JUST MENTIONED, A REQUEST TO APPROVE THE FIRST AMENDMENT TO OUR AGREEMENT WITH NASAL PARTNERS, LLC. SLIDE NUMBER THREE ON PAGE TWO OF THE PRINTOUTS IS JUST SOME BACKGROUND ON THE JUST KIND OF REFRESH YOUR MEMORY ON WHAT THE DEVELOPMENT. THIS IS AN INCENTIVE THAT WAS APPROVED BACK ON JULY 8TH, AND IT WAS TO ALLOW FOR THE CONSTRUCTION OF A 36,000 SQUARE FOOT OFFICE DEVELOPMENT RIGHT HERE ON CARNAZZO. THAT WOULD COST IT REPRESENTS $6.7 MILLION OF PRIVATE INVESTMENT IN OUR CITY. PART OF THE REQUIREMENTS ARE THAT THEY HAVE TO GENERATE AT LEAST 51% TENANT USERS IN MEDICAL RELATED. SO SO THIS REALLY IS A MEDICAL OFFICE.THEY ALSO ARE REQUIRED TO HOST A JOB FAIR THAT WOULD BE HOSTED FROM OUR SITE OUT HERE. AND SO WE WOULD MAKE SURE THAT WE HAVE HORIZON CITY RESIDENTS PLACE UP FRONT FOR ANY JOBS THAT ARE CREATED. AND FINALLY, AND THIS IS THE PART THAT THAT YOU PROBABLY WANT TO PAY ATTENTION TO THE MOST, BECAUSE THIS IS WHAT RELATES TO OUR AMENDMENT TODAY. DESIGN COMPLIANCE.
REALLY A BIG PART OF THE INCENTIVE WAS TO MAKE SURE THAT THE DEVELOPMENT FUNCTION IN A WAY THAT WAS MORE CONDUCIVE TO WALKABILITY. AND SO WHEN WE SAY THAT IS BASICALLY THE BUILDING BEING MOVED CLOSER TO THE SIDEWALK, THE PARKING BEING THROWN TOWARDS THE BACK,
[00:20:06]
AMENITIES ALONG THE SIDEWALK, SO ADDITIONAL LANDSCAPING, MAYBE SOME OUTDOOR FURNITURE, ANYTHING THAT YOU WOULD CONSIDER TO BE USED TO ENCOURAGE PEOPLE TO WALK UP AND DOWN CANAL VERSUS JUST DRIVE THROUGH. AND SO THAT'S IMPORTANT FOR US AS WE START TO TRY TO DIVERSIFY DEVELOPMENT. HORIZON CITY. AND SO THIS IS WHAT THAT WAS ABOUT. SO ON THE NEXT SLIDE, OR IT'S JUST TO GIVE YOU A REMINDER OF WHERE THAT IS. AND IF YOU ARE FAMILIAR WITH THAT AREA, YOU CAN SEE THAT THAT HAS ALREADY BEEN GOING UP. SLIDE NUMBER FIVE SHOWS YOU THE CURRENT CONDITIONS. AND SO THIS IS WHERE THE INCENTIVE AMENDMENT IS REQUIRED. SO WHAT HAPPENED WAS THAT THEY ARE DEVELOPING. THEY'VE INVESTED THE AMOUNT OF MONEY THEY'RE SUPPOSED TO. IN FACT AT THIS POINT THEY INVESTED MORE. THEY PUSHED THE BUILDINGS UP TO THE FRONT, WHICH IS A BIG WIN BECAUSE PRE INCENTIVE, IT WAS GOING TO BE BASICALLY A PARKING LOT BUILDINGS IN THE BACK. YOU CAN IMAGINE THE TYPICAL BUILDING.THEY SWITCHED ALL THAT AROUND BROUGHT THE BUILDINGS RIGHT UP TO THE FRONT. CLOSE AS CLOSE AS POSSIBLE TO THE PROPERTY LINES. AND DID THE WHOLE LANDSCAPING FURNITURE OUT THERE. IT'S LOOKING REALLY GOOD, BUT THE BUILDER ACTUALLY SHIFTED THE THE BUILDING UP FRONT REVERSE.
AND THIS IS UNBEKNOWNST TO THE THE OWNER, THE DEVELOPER, THEY WEREN'T AWARE OF THAT. SO WE FOUND OUT ABOUT THAT AND WE WENT AND SPOKE WITH THEM. AND HE HE WAS VERY ANGRY ACTUALLY.
HE SWITCHED HIS CONSTRUCTION COMPANY. AND SO WE DIDN'T WANT TO LOSE THE RELATIONSHIP THAT WE HAVE WITH THIS BUILDER. HE'S LOOKING TO INVEST A LOT MORE IN HORIZON CITY, AND HE REALLY DIDN'T MOVE FORWARD WITH THE BEST OF INTENTIONS. AND SO WHAT WE PROPOSED IS TO MAKE SURE THAT THAT BUILDING THAT WAS NOW TURNED WITH THE BACK FACING CANALS DIDN'T LOOK LIKE IT WAS THE BACKSIDE OF THE BUILDING. AND THAT'S WHAT YOU'RE SEEING RIGHT HERE ON SLIDE NUMBER FIVE.
WE'VE ALREADY STARTED ADDING DIFFERENT FEATURES IN THE FRONT THAT WILL KEEP IT FROM LOOKING LIKE THE BACK. I'LL HAVE YOU IF YOU CAN LOOK DOWN AT THE OTHER SLIDE NUMBER SIX ON THE LEFT SIDE. THAT SHOWS YOU WHAT A TRUE BACK LOOKS LIKE RIGHT THERE. SO THAT'S WHAT THE BACK LOOK LIKE. IT'S VERY PLAIN, ALL GRAY. THERE REALLY AREN'T ANYTHING YOU KNOW, ANY FRAMES, ANY OTHER ANYTHING ELSE. THAT'S CLEARLY THE BACK. WE DID NOT WANT TO HAVE THAT SIDE. THAT SPACE IS NOT LOOK LIKE THAT. THAT'S NOT REALLY WALKABLE OR PRESENTABLE FOR PEOPLE WALKING BY. SO WHAT WE DID IS WE WORKED WITH THE CONSULTANT OR WITH THE DEVELOPER TO HAVE THEM ADD A FEW MORE THINGS THAT WEREN'T INITIALLY GOING TO BE IN THE DEVELOPMENT PLAN. SO THAT'S WHAT YOU'RE SEEING HAPPENING BACK ON SLIDE NUMBER FIVE. THEY'VE PROPOSED TO MAKE SURE THAT THE FRONT BASICALLY GETS A BUNCH OF NEW THINGS THAT MAKE IT LOOK LIKE A FRONT VERSUS THE BACK, AND WE LOCK THAT IN IN AN EXHIBIT. SO IF YOU CAN GO OVER TO PAGE NUMBER FOUR, SLIDE NUMBER SEVEN, THAT'S SPECIFICALLY WHAT WE'RE GOING TO ADD NOW TO THE AGREEMENT. SO SO IN TERMS OF THE MECHANICS OF THE AGREEMENT, WHAT WE'RE GOING TO DO IS WE'RE GOING TO SWAP OUT THE CURRENT EXHIBIT AND BRING THIS ONE IN THERE. AND THIS LOCKS IN THAT THAT FRONT OF THAT BUILDING, AS YOU CAN SEE NOW HAS TO HAVE GLASS DOORS ON THE FACADE, ADDITIONAL DECORATIVE FACADE TREATMENTS, OUTDOOR FURNITURE ALONG THE FRONTAGE, ADDITIONAL FACADE SIGNAGE AND ENHANCED SOD AWNINGS. ANYTHING THAT YOU CAN IMAGINE WOULD WORK TO AGAIN MAKE THAT LOOK MORE LIKE THE FRONT. YOU SEE THE THE SORT OF RENDERING ON THE BOTTOM. THAT'S HOW IT'S GOING TO LOOK. NOW. AGAIN, WE DIDN'T WANT IT TO LOOK LIKE THE GRAY BACK FLAT, NOTHING ELSE THERE. IN FACT, THEY'VE ALREADY GONE AND EXPANDED THE DOORS TO THE TO THE LEFT, THE FARTHEST LEFT OF THE BUILDING. SO IT'S DOUBLE WIDE AS WELL. BUT BUT BASICALLY WE WE KNOW THAT THEY DID DO THIS ON PURPOSE. THEY'VE INVESTED EVERYTHING THEY NEEDED TO TRUTHFULLY, THE MAJORITY OF WHAT WE WANTED TO GET OUT OF THE BUILDING THAT IS MOVING THE BUILDING TO THE FRONT, PARKING IN THE BACK, HAVING THAT BE 51% MEDICAL USERS, THAT'S BEING ACHIEVED, AND THEY'VE INVESTED OVER THE 6.7 MILLION AT THIS POINT. AND WITH THEM PROPOSING TO MAKE SURE THAT THE FACADES IN THE FRONT DO FUNCTION IN A WAY THAT DOES LOOK APPEALING, THAT DOES NOT LOOK LIKE THE BACK OF THE BUILDING. WE THINK IT'S A PRETTY GOOD AMOUNT OF CONSIDERATION. THEY PROPOSE. AND SO WE ARE ASKING TODAY THAT YOU ALLOW US TO SIGN THE FIRST AMENDMENT, WHICH BASICALLY LOCK IN THESE FEATURES IN THE FRONT. AND AGAIN, FEEL FREE TO CHOOSE BY THAT BUILDING. IT'S LOOKING REALLY GOOD ACTUALLY. BUT BUT WE DO WANT TO MAKE SURE THAT WE DO PRESERVE THE RELATIONSHIP WITH THIS DEVELOPER BECAUSE WE SUSPECT HE'S GOING TO BE BUILDING MORE. AND AGAIN, THIS THIS IS REALLY ABOVE AND BEYOND WHAT WE COULD OTHERWISE. SO WE'RE SATISFIED THAT THAT THEY CAN ACHIEVE THIS. IF THIS DOES FIX AS MUCH AS POSSIBLE WHAT WAS DONE ERRONEOUSLY. AND AGAIN, WE ARE PROPOSING THAT YOU DO ALLOW THE PRESIDENT OF HCDC BOARD TO SIGN A RESOLUTION AUTHORIZING AND APPROVING THIS FIRST AMENDMENT TO THE PERFORMANCE AGREEMENT WITH OURSELVES AND OUR PARTNERS, LLC. SO SO THAT'S THE PRESENTATION, AND I'LL TAKE ANY QUESTIONS YOU MAY HAVE. DUDE, DID WE DO ANY TAX REBATE ON OUR SITE? YOU HAVE THE CITY I SHOULD HAVE MENTIONED. I MEAN, THE CITY OF I MEAN THE CITY OF HORIZON.
THEY DID A TAX REBATE. CORRECT. BECAUSE, WELL, I'M JUST LOOKING AT THE ECONOMICS OF IT. THE ALTERATIONS ARE GOING TO BE WAY MORE THAN $40,000. AND SO I WONDERED WHAT WAS THEIR
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MOTIVATION TO SIGN THIS. BUT I GUESS THEY'RE LOOKING FOR THE TAX REBATE. YEAH. SO THE TOTAL IF YOU SEE ON THE FIRST ONE WAS 100 AND SOME ODD THOUSAND DOLLARS, 114,000, WHICH I'LL BE HONEST WITH YOU, I THINK WHAT THEY HAD TO DO NOW EXCEEDED WHAT THEY'RE GETTING BACK FROM THE INCENTIVE. BUT I THINK THEY'RE MOVING IN GOOD FAITH WITH US. BUT YES, WALTER. SO THE CITY BUT THEY STILL GET THE TAX REBATE. YES. SO THAT'S THAT'S REALLY THE VALUE TO THE CITY APPROVED THEIR AMENDMENT JUST EARLIER LAST WEEK ACTUALLY EARLIER THIS MONTH. AND SO WE JUST WANT TO LOCK IN OUR PERFORMANCE SIDE, WHICH IS $40,000, $10,000 A YEAR TO TO FINALIZE THE AMENDMENTS. YEAH, I MOVE WE APPROVE THE FIRST AMENDMENT. I SECOND IT I HAD ANOTHER QUESTION. NO THAT'S OKAY. OKAY. I HAVE A I HAVE A MOTION IN A SECOND. DO WE HAVE ADDITIONAL DISCUSSION. YES. OKAY. WAS THERE ANY DISCUSSION ABOUT. ENHANCING. ACCESSIBILITY FROM THAT SIDE OF THE I MEAN THEY HAVE THEY HAVE WHAT ARE BASICALLY BACK DOORS TO THERE.YES. IS THERE GOING TO BE ANY TRANSFERENCE BETWEEN ARE THEY GOING TO USE THOSE BACK DOORS FOR PUBLIC ENTRY. YEAH. SO SO THAT'S OR WAS THERE ANY DISCUSSION OR THAT DIDN'T COME UP OR. WELL WE DID SPECIFY THAT WE DIDN'T WANT THOSE TO BE THE BACK DOORS. SO THEY SAID THEY CAN USE THAT AS A FRONT DOOR. WHICH IS WHY IF MAYBE THE RENDERING SHOWS HAVE NOT THE RENDERING, THE THE CURRENT CONDITION SHOWS THAT THEY DO OPEN UP THE THE WHAT WOULD HAVE BEEN SINGLE DOORS INTO TO RELY ON THAT SORT OF GRAY AREA. IF YOU LOOK ON THE ON THE RIGHT SIDE OF THE IMAGE, THIS IS ON SLIDE FIVE, PAGE THREE. SO YOU CAN SEE THE THEY SPREAD THAT OUT AS MUCH AS POSSIBLE TO ACTUALLY MAKE THAT THE FRONT OF THE BUILDING. CORRECT. YEAH.
AND SO WHAT THEY'RE ALSO DOING ALTERING THEM AS PER THE THE EXHIBIT, IS THEY'RE GOING TO PUT THE FURNITURE OUT THERE, THE AWNINGS, THE ADDITIONAL LIGHTING, ANYTHING THAT YOU WOULD NEED TO TO FEEL LIKE THAT'S A FRONT DOOR. AND WE WANT THAT TO BE A FRONT DOOR FOR THEM AND TO MAKE SURE THAT THAT DOESN'T AT ALL APPEAR LIKE THE BACK. WE ALSO MADE SURE THAT THAT THEY CAN'T PUT THE TRASH PICKUP IN THE FRONT OR WOULD HAVE IN THE BACK, AND THAT ANY UTILITIES DON'T RUN THROUGH THE FRONT. SO IF YOU'RE SOMEBODY THAT DOESN'T KNOW ANYTHING ABOUT THE INCENTIVE, WHAT YOU'RE GOING TO EXPERIENCE IS A BUILDING THAT LOOKS LIKE THE FRONT OF THE BUILDING. OKAY, OKAY. SOUNDS GOOD. ANY FURTHER QUESTIONS? WHAT IS THE ESTIMATED TIME OF COMPLETION MOVING REALLY QUICK. ALMOST NOTHING FOR ME. LESS THAN FOUR MONTHS. YEAH YEAH. GOOD MORNING TO. SOUNDS LIKE TOO MUCH AWAY OR SOMETHING. YES. SURE.
SPECIAL. OKAY. WE HAVE A MOTION ON THE ON THE TABLE. ALL IN FAVOR? AYE. ANY OPPOSED? THE MOTION CARRIES. THANK YOU. OKAY. THANK YOU. THANK YOU. DO WE HAVE ANYTHING COMING DOWN? OH, THANK YOU FOR COMING DOWN. REALLY APPRECIATE IT. YEAH. THE ONLY COMMENT I HAVE IS HAPPY HOLIDAYS TO EVERYONE. WE WE APPRECIATE YOUR SERVICE ON THIS BOARD. IT'S NOT THE MOST EXCITING BOARD IN THE WORLD BUT RELATIVELY IMPORTANT. WHAT WHAT PARTY. GOT A CHRISTMAS PARTY.
AND AND THANK YOU FOR THE. YOU'RE WELCOME. ALREADY IN THE MIDDLE OF IT. YEAH. AND EVERYBODY HAVE A WONDERFUL HOLIDAY. YOU TOO. AND WE'LL SEE YOU AGAIN NEXT WEEK. NEXT WEEK.
THANK YOU. SOME GIFT BASKETS FROM EDC. SO YOU GUYS SHOULD BE RECEIVING IT SOON. OH THANK YOU.
DO YOU MIND BRINGING ME? CAN I BORROW YOUR PEN SO WE CAN. WE NEED TO SIGN IN THE ONE AND ONLY PEN IN THIS MEETING. AND SORRY ABOUT THE TECHNOLOGY SURPRISES. WE WERE HERE ABOUT TECHNOLOGY. YEAH, YEAH, BUT THIS IS NEW TECHNOLOGY. IT HAS BECOME MY PET PEEVE BECAUSE WE PAY FOR IT, RIGHT? YEAH. I MEAN, WE'LL PROBABLY SEE. WE CAN MOVE THE BOARD MEETINGS OUT TO THE EDC. THAT WOULD BE COOL IF WE COULD HAVE OUR OWN SHOP. RIGHT NOW WE HAVE PD THERE, BUT IT'S THE WAY LABEL. WE'LL GIVE IT A SHOT TO HAVE OUR MEETINGS MORE COZY. OKAY, EXCITED TO SEE EVERYTHING GOING ON AROUND HERE. YEAH, THERE'S THERE'S MORE TO COME. I CAN GUARANTEE YOU THAT.
JUST AS LONG AS THEY FIX THAT STREET QUICK, I'LL BE HAPPY. OH, THEY'RE GOING TO CLOSE THE STREET. THEY'RE GOING TO CLOSE IT ON THIS SIDE RIGHT NOW. OR COMPLETE. REALLY GREAT. OH MY GOODNESS. SO THERE'S THERE'S SOME VIEWS THAT ARE APPARENTLY THEY'RE GOING TO CLOSE IT FOR A COUPLE MONTHS. APPARENTLY THERE'S A LOT OF A LOT OF ISSUES WITH THE WITH THE CONFLICTS WITH THE GAS. GAS. GAS IS RIGHT BEHIND THE BIG GAS BECAUSE. WHAT. THE MERRY
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CHRISTMAS, MERRY CHRISTMAS, MERRY CHR* This transcript was compiled from uncorrected Closed Captioning.