[3.A. Consider approval of the minutes from the September 5, 2023 Economic Development Corporation (Type A) meeting. (Staff Contact: Amanda Campos, City Secretary)]

THOSE MINUTES ARE IN FRONT OF YOU BOARD MEMBERS, SO WHEN SOMEONE'S READY TO MAKE A MOTION, I WILL BE READY TO TAKE IT TO APPROVE.

SECOND. ALL RIGHT.

I HAVE A MOTION BY JOHNSON, A SECOND BY RUSSELL TO APPROVE.

ALL THOSE IN FAVOR, PLEASE RAISE YOUR HAND.

AND THAT MOTION HAS PASSED WITH UNANIMOUS VOTE.

NEXT ITEM ON OUR AGENDA THIS EVENING IS ITEM THREE B TO CONSIDER APPROVAL OF A FIVE YEAR FARM LEASE WITH JODY LAND FOR THE PROPERTY FOR

[3.B. Consider approval of a five-year farm lease with Jody Land for the property for approximately 46 acres located at 2140 & 2250 SW Hulen St., Burleson, Texas. (Staff Presenter: Matt Ribitzki, Senior Deputy City Attorney)]

APPROXIMATELY 46 ACRES LOCATED AT 2140 AND 2250 SOUTHWEST HOWLAND STREET.

THIS WILL BE PRESENTED BY MATT RYBICKI, SENIOR DEPUTY CITY ATTORNEY.

ALL RIGHT. GOOD EVENING, BOARD MEMBERS.

THAT'S MR. MCCLENDON STATED THIS ITEM WAS REGARDING A FARM LEASE FOR ABOUT 46 ACRES OFF THE INTERSECTION OF HULIN AND ALSBURY.

YOU SEE THE PROPERTY OUTLINED THERE IN BLACK.

I WISH WE WOULD HAVE CHOSEN A DIFFERENT COLOR.

IT'S A LITTLE HARD TO SEE, BUT IT'S KIND OF A TRIANGULAR PIECE.

IT WOULD, WE WOULD IN THE LEASE RELEASING 46 ACRES TO MR. JODI LAND.

AGAIN, LIKE I SAID, IT'S NEAR THE INTERSECTION OF ALSBURY BOULEVARD IN HULEN STREET.

ABOUT 15 ACRES ARE OWNED BY THE CITY OF BURLESON, AND ABOUT 30 ACRES ARE OWNED BY THE TOP CORPORATION.

AND SO, BOTH THE CITY AND THE CORPORATION ARE LEASING THE PROPERTY TO MR. LAND. THE ANNUAL RENT DUE TO THE CITY IS $100.

HOWEVER, STAFF BELIEVES THE LEASE BENEFITS THE CITY BY REDUCING MAINTENANCE COSTS ASSOCIATED WITH THE PROPERTY.

TALKING WITH THE PARKS DEPARTMENT, WHO HANDLES A LOT OF OUR MOWING AROUND THE CITY CONSERVATIVELY, WE THINK THIS LEASE WOULD SAVE THE CITY ABOUT $17,000 ANNUALLY IN REDUCED MAINTENANCE COSTS.

THE TERM OF THE LEASE IS FIVE YEARS, BUT EITHER PARTY MAY CANCEL THE LEASE AT ANY TIME WITH 180 DAYS NOTICE.

WE OBVIOUSLY WE WANT TO BE ABLE TO CANCEL AS QUICKLY AS POSSIBLE.

THE REASON IT'S 180 DAYS AND NOT A SHORTER TIME PERIOD, BECAUSE WE WANT TO MAKE SURE THAT MR. LAND, IF HE'S PUT SOMETHING IN THE GROUND, IF HE'S LAID SEED, THAT HE HAS TIME TO HARVEST WHATEVER HE'S PUT DOWN.

MR. LANE WILL USE THE PROPERTY FOR PLANNING, RAISING AND HARVESTING SEASONAL CROPS LIKE COASTAL HAY THAT ARE CONSISTENT WITH FARMING OPERATIONS IN JOHNSON COUNTY.

AND OF COURSE, HE CAN APPLY HERBICIDE TO THE PROPERTY AND IMPROVE SOIL CONDITIONS, OF COURSE NEEDS TO COMPLY WITH ALL LAWS WHEN DOING SO.

RECOMMENDATION IS THAT THE TOP CORPORATION APPROVE THE LEASE AND I'LL BE HAPPY TO ANSWER ANY QUESTIONS.

I KNOW JODY VERY WELL NEAR HIS PARENTS.

HIS DAD PASSED AWAY NOT LONG AGO.

HE'S A GREAT, GREAT FAMILY.

SO I'M ALL IN FAVOR OF THIS.

HE'LL HE'LL DO WHAT HE SAYS HE WILL DO.

HE'S BEEN VERY EASY TO WORK WITH.

MR. LANCE HAS BEEN VERY EASY TO WORK WITH.

MATT, DOES HIS OBLIGATION EXTEND TO TAKING CARE OF THE PORTIONS OF THE PROPERTY THAT HE'S NOT GOING TO PUT IN A CROP? SAY THAT AGAIN. THE PORTIONS OF THE PROPERTY ON WHICH HE'S NOT GOING TO PUT IN A CROP, I MEAN, YES, HE'S REQUIRED TO MAINTAIN THE ENTIRE PROPERTY PREMISES.

CORRECT. EVEN IF HE DOESN'T LIKE CROP ON A SPECIFIC SECTION, HE'S ENTITLED TO OR HE'S REQUIRED TO MAINTAIN THE PROPERTY.

OKAY. AND HE'LL KEEP IT WITHIN CITY CODE.

THAT IS MY UNDERSTANDING.

YES. AND THAT'S WHAT THE LEASE REQUIRES.

ALL RIGHT. ALL RIGHT.

ANY OTHER QUESTIONS? OKAY.

I'LL TAKE A MOTION TO APPROVE.

SECOND THE MOTION. ALL RIGHT.

I HAVE A MOTION BY JOHNSON AND A SECOND BY SCOTT TO APPROVE THE LEASE.

ALL THOSE IN FAVOR? AND THAT MOTION PASSES BY A UNANIMOUS VOTE.

THANK YOU, MATT. NEXT UP IS ITEM 3.C TO CONSIDER APPROVAL OF A RESOLUTION AUTHORIZING A LAND SALE CONTRACT BETWEEN THE BURLESON FOR ECONOMIC

[3.C. Consider approval of a resolution authorizing a land sale contract between the Burleson 4A Economic Development Corporation and Fourco Development Partners, LLC for approximately 7 acres located within Highpoint Business Park near the intersection of Vantage Drive and Cirrus Drive in the amount of $763,389. (Staff Presenter: Alex Philips, Economic Development Director)]

DEVELOPMENT CORPORATION AND FOR CO-DEVELOPMENT PARTNERS LLC FOR APPROXIMATELY SEVEN ACRES LOCATED WITHIN HIGH POINT BUSINESS PARK NEAR THE INTERSECTION OF VANTAGE DRIVE AND CIRRUS DRIVE IN THE AMOUNT OF $763,389.

THIS WILL BE PRESENTED BY ALEX PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR.

GOOD EVENING, PRESIDENT AND BOARD MEMBERS.

ALEX PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR FOR THE CITY OF BURLESON.

THIS PROPERTY IS WE'VE RECEIVED A LANDSCAPE CONTRACT FOR THE PURCHASE OF APPROXIMATELY SEVEN ACRES OF LAND OUT IN HIGH POINT BUSINESS PARK.

[00:05:07]

THIS IS THE LAST PIECE THAT THE EDC ACTUALLY OWNS FOR CODE DEVELOPMENT PARTNERS.

HAS SUBMITTED AN LOI FOR TWO 50 FOOT THAT 762,300 TO BUILD ONE, BUILDING UP TO 100,000FT².

THE GROUP HAS BEEN IN DISCUSSIONS WITH AN EXISTING BUSINESS FOR THEIR RELOCATION AND FUTURE HOME, BUT THERE'S NO DEAL IN PLACE AT THIS TIME.

WE'RE HOPING TO WORK TOWARDS THAT IN THE NEAR FUTURE.

FOR CODE DEVELOPMENT, PARTNERS WILL DELIVER EARNEST MONEY PART OF THEIR CONTRACT OBLIGATIONS 10,000 ONCE THE CONTRACT IS EXECUTED, OPTION PERIOD IS FOR 90 DAYS.

THEY HAVE FOR CODE NEEDS AND ADDITIONAL TIME WILL GRANT ANOTHER 30 DAYS AT NO ADDITIONAL COST.

THERE'RE NO BROKERAGE FEES ASSOCIATED WITH THIS.

THERE'S NO REALTOR ON EITHER SIDE OF THIS.

THIS CONTRACT FOR CO HAS DONE A COUPLE DIFFERENT ONE BUILDING SO FAR.

THEY'RE UNDER FOUR CODES DEVELOPED THE 156,000 SQUARE FOOT BUILDING IN HIGH POINT EAST AND SOLD IT TO BRETLAND DISTRIBUTION BEHIND MCLAIN CLASSIC FOODS.

AND THEN THEY'RE ALSO WORKING WITH THE ADDITIONAL PROJECT IN HIGH POINT EAST FOR A NEW COLD STORAGE AND DISTRIBUTION CENTER WITH THE CAPITAL INVESTMENT OF $25 MILLION.

SO ACTION IN FRONT OF COUNCIL TONIGHT IS APPROVE THE LAND SALE CONTRACT WITH ORCO.

MODIFY OR DENY.

OUR RECOMMENDATION IS TO APPROVE IT.

HERE TO ANSWER ANY QUESTIONS.

FIRST QUESTION, I HAVE THIS.

THIS IS A FEE SIMPLE SALE.

WHAT'S THE CLAWBACK OR IS THERE ANY IF THIS IS NOT DEVELOPED WITHIN A REASONABLE PERIOD OF TIME, WE DO NOT HAVE ONE IN THIS CONTRACT.

OKAY. MY CONCERN THERE BEING THAT THIS LAND JUST PASSES FROM OUR HANDS TO THEIR HANDS, BUT NOTHING GETS BUILT AND OPPORTUNITIES COME ALONG.

BUT THEY CAN'T MAKE A DEAL.

SO DOESN'T MAKE ME FEEL REAL COMFORTABLE THAT THAT'S.

A GOOD WAY TO GO.

I MEAN, THEY COULD BUY THE PROPERTY FOR 250 SQUARE FOOT AND JUST FLIP IT A YEAR OR TWO LATER AND MAKE SOME MONEY.

AND WE'RE STILL NO CLOSER TO GETTING WHAT WE NEED.

ONE OF THOSE CLAW BACKS, I MEAN, WE'VE PUT IT IN OTHER CONTRACTS IS WE CAN WORK WITH CITY ATTORNEY TO PUT IN AN 18 MONTH OR 24-MONTH CLAW BACK TO BE ABLE TO PURCHASE IT BACK IF THEY HAVEN'T GOT A BUILDING PERMIT WITHIN THAT TIME.

I THINK THAT WOULD BE SOMETHING I'D WANT TO RECOMMEND IF WE DO THAT.

THAT IS SOMETHING WE CAN PUT IN.

IT CAN BE DIFFICULT.

I'M NOT SURE IF THEY'RE GOING TO BE OPEN TO THAT.

IT CAN MAKE LENDING THE RECEIVING LENDER APPROVAL FOR THE PURCHASE BECAUSE ESSENTIALLY WE'D HAVE FIRST LIEN POSITION ON THE PROPERTY. AND SO ANY BANK WOULD HAVE TO TAKE A SECOND LIEN POSITION BASED ON OUR RIGHT TO REPURCHASE THE PROPERTY.

IT CAN REALLY COMPLICATE THINGS.

I THINK WE CAN DO IT.

WE'VE DONE IT BEFORE. WE DID IT WITH THE OLD THE OLD RECYCLING CENTER OFF MAGNOLIA.

CORRECT. WE COULD ADD THAT CLAUSE.

I'M NOT SURE HOW RECEPTIVE THEY'LL BE TO IT.

AND IF THEY. AND THAT'S UNDERSTANDABLE.

SO I JUST WANT TO MAKE THAT CLEAR. I THINK WE CAN PERHAPS IF YOU'RE IF THIS BOARD WOULD LIKE TO MAKE SURE THAT THE SITE IS DEVELOPED, WE MAY WANT TO LOOK AT DOING SOME SORT OF PERFORMANCE AGREEMENT ALONG ALONG WITH THE SALE TO HELP INCENTIVIZE AND HELP ENSURE THAT IT'S BUILT.

MAYBE GO DOWN THAT PATH WHERE WE DON'T NECESSARILY HAVE A FIRST LIEN POSITION.

MY ASSUMPTION WAS THAT IF THEY WANTED A PERFORMANCE AGREEMENT TO MAKE SOMETHING HAPPEN THAT THEY'D COME BACK TO US AND ASK FOR THAT.

BUT MY CONCERN HERE IS I FEEL LIKE AND I'M NOT REALLY KNOWLEDGEABLE ON WHAT INDUSTRIAL LAND IS WORTH, BUT 250 A SQUARE FOOT SOUNDS LIKE A BARGAIN TO ME. I THINK YOUR CONCERN IS IS VERY VALID, BUT I THINK WE COULD ADDRESS THAT IN A PERFORMANCE AGREEMENT.

ALL RIGHT, THEN. I THINK I'D LIKE TO SEE THAT BE IN THERE.

NOW, I'M NOT SAYING WE'RE RIGID ON A TIME FRAME.

IF WE PUT THAT IN THERE THAT THEY HAVE, SAY, 18 MONTHS TO APPLY FOR A BUILDING PERMIT TO MAKE SOMETHING HAPPEN AND THEY ARE AT 18 MONTHS AND WE'RE NOT THERE YET. YOU KNOW, THE COUNCIL, YOU KNOW, IF A DEAL IS CLOSER AT HAND OR THEY THINK IT IS, I, IN OTHER WORDS, I WANT TO BE FLEXIBLE ABOUT IT.

BUT I FEEL LIKE THIS IS OUR SECOND CHANCE THAT WE'VE TAKEN AT TRYING TO GET THIS PROPERTY MOVED.

AND THE FIRST ONE DIDN'T PLAY OUT EITHER.

BUT I BELIEVE, IF I RECALL CORRECTLY, WE DID HAVE SUCH A A RESTRICTION ON THE CONTRACT WITH THAT.

WE DID. SO.

ALL RIGHT. I THINK WE CAN MODIFY THIS THIS SALES CONTRACT TO INCLUDE A PERFORMANCE AGREEMENT THAT WOULD BE BROUGHT BACK TO FOR A BOARD AND COUNCIL FOR APPROVAL.

AND OF COURSE, IF THEY'RE OPEN TO SOME SORT OF RIGHT OF FIRST REFUSAL, RIGHT OF REPURCHASE, IF THEY DON'T UNDERTAKE A CONSTRUCTION OBLIGATION AND THEIR BANKS OPEN TO IT, WE'RE OPEN TO THAT, TOO.

I JUST I DON'T THINK WE'VE HAD PROBLEMS WITH THAT IN THE PAST.

[00:10:03]

BUT WE'LL SEE. WE'LL SEE WHAT THEY'RE OPEN TO AND WHAT THEY CAN DO.

OKAY. I MEAN, I KNOW THEY'RE A GOOD COMPANY.

I'VE SEEN THE BUILDING THAT THEY BUILT OVER IN HIGH POINT EAST.

THEY DID A GREAT JOB WITH IT.

IT LOOKS LOOKS GOOD.

WHAT I'D LIKE TO SEE HAVE HERE, IF WE CAN MAKE IT HAPPEN, BUT JUST WANT TO PROTECT US.

AND IT'S POSSIBLE THAT WE COULD SUBORDINATE TO THE BANK AND COME TO AN AGREEMENT WITH THE BANK AS WELL.

IT'S TRUE WHEN WE'VE DONE THAT WITH A NUMBER OF PROJECTS, JUST MY MY EXPERIENCE WITH THAT IS THAT SOMETIMES THAT CAN BE A TOUGH TASK TO ACCOMPLISH.

I THINK IF WE, MAYBE WE CAN COME UP WITH THE PERFORMANCE AGREEMENT.

THE REASON I PUT THAT OUT IS SOMETHING LIKE WE DID WITH PROJECT WORKFORCE, WHEREAS WE JUST MAKE SURE THAT THERE'S MONEY PUT INTO THE DEVELOPMENT.

WE DON'T NECESSARILY MAKE SURE IT'S DONE.

WE MAKE SURE THEY START CONSTRUCTION AND THEN WE CAN KIND OF GET OUT OF IT.

SO WE DON'T GET ENTANGLED NECESSARILY WITH LEAN POSITIONS.

MAYBE WE CAN DO WITH THAT.

I JUST NEED TO VISIT WITH THEM.

ALEX NEEDS TO VISIT WITH THEM TO SEE WHAT THEY'RE ABLE TO DO.

OKAY. I AGREE WITH I AGREE WITH DAN, THOUGH, HAD SOME SORT OF PROTECTION THERE FOR US.

OKAY. I'LL TAKE A MOTION ON THIS.

AND YOU'RE WELCOME TO ADD WHATEVER WORDING TO THE MOTION YOU FEEL IS APPROPRIATE TO SECURE US HERE.

I GUESS I'LL MOVE TO APPROVE THE SALE ON THE CONDITION OF THAT CITY ATTORNEY AND REVIEW AND PUT IN APPROPRIATE PRECAUTIONS TO.

I'M SORRY, I DIDN'T MEAN TO. WHAT I WOULD RECOMMEND IS US NOT TAKE ACTION TONIGHT AND JUST BRING IT BACK, BECAUSE I THINK THEIR AGREEMENT IS GOING TO LOOK SUBSTANTIALLY DIFFERENT THAN IT LOOKS NOW ON WHAT YOU'RE APPROVING.

ESSENTIALLY, THE RESOLUTION RIGHT NOW SAYS YOU APPROVE THE CONTRACT AS IS AND YOU AUTHORIZE MR. MCCLENDON AS PRESIDENT TO CLOSE ON THE TRANSACTION.

THAT DOESN'T REALLY SEEM APPROPRIATE.

AND I THINK WE'RE GOING TO HAVE SOME NEW DOCUMENTS AND WE PROBABLY WANT TO GO OVER THE NEW TERMS WITH YOU ALL.

OKAY. I'LL WITHDRAW MY MOTION.

OKAY. ALL RIGHT.

THEN WE'RE GOING TO MAKE A MOTION TO TABLE THIS FOR ANOTHER MEETING AT A LATER DATE.

SET A TIME FRAME ON IT.

I WOULD SAY IF YOU WANT TO DO THIS CLEANLY, JUST TO MAKE SURE WE DON'T WE DON'T HAVE THE APPEARANCE THAT THE ITEM DIED ON THE TABLE FOR LACK OF MOTION.

IF YOU COULD JUST MAKE A MOTION TO BRING BACK THE CONTRACT ONCE IT'S HAS THE PARAMETERS THAT WERE SET IN PLACE TO APPROVE THIS CONTRACT, THAT MAKES YOU COMFORTABLE.

SO YOU WANT TO SAY THAT YOU DON'T HAVE TO SAY IT AS LONG AS I DID.

OKAY, I MOVE TO TABLE THE ITEM UNTIL THE UPDATED CONTRACT IS READY.

OKAY. MOTION TO TABLE.

IS THERE A SECOND? SECOND.

OKAY. ALL THOSE IN FAVOR? AND THE MOTION TO TABLE PASSES BY.

UNANIMOUS VOTE. ALEX, I DROVE THROUGH THERE TO LOOK AT THIS TODAY.

AND BEFORE WE GET AWAY FROM HIGH POINT, IS THERE ACTIVITY GOING ON? HIGH POINT? LET'S CALL IT HIGH POINT SOUTH BETWEEN THIS PROPERTY AND 917.

HOW IS THAT? IS THAT BEING MARKETED? IT'S LIKE HIGH POINT EAST IS FILLING UP.

WE'RE FULL.

YES, SIR. IS HAPPENING THERE. THE 40 ACRE TRACT THAT ORR AND ASSOCIATES HAS IN THEIR POSSESSION IS UNDER CONTRACT AS OF LAST WEEK.

EXCELLENT FOR SPECULATIVE BUILDINGS.

OKAY. SO.

ALL RIGHT, GREAT.

WITH THAT ITEM DISPOSED OF.

NEXT ITEM UP IS ITEM THREE D TO CONSIDER APPROVAL OF A PERFORMANCE AGREEMENT BETWEEN THE BURLESON FOR ECONOMIC DEVELOPMENT CORPORATION AND C AND C

[3.D. Consider approval of a Performance Agreement between the Burleson 4A Economic Development Corporation and C&C Burleson, LLC. for a development located at 425 SW Wilshire Blvd in Burleson, Texas. (Staff Presenter: Alex Philips, Economic Development Director)]

BURLESON LLC FOR A DEVELOPMENT LOCATED AT 425 SOUTHWEST WILSHIRE BOULEVARD.

STAFF PRESENTER WILL BE ALEX PHILLIPS AGAIN.

THANK YOU AGAIN.

THIS IS PROJECT BEARCLAW OR AN AGREEMENT WITH C AND C LLC.

IT'S APPROXIMATELY A ONE ACRE, 1.8 ACRE SITE.

THIS IS THE OLD CHINA KING OR OLD JOSE'S.

DEPENDING ON HOW LONG YOU'VE BEEN IN THE COMMUNITY.

THIS BUILDING'S BEEN VACANT FOR SEVERAL YEARS.

THE DEVELOPER WILL DO THE ENVIRONMENTAL AND THE DEMOLITION OF THE SITE.

THE DEVELOPER'S PROPOSING TO NEW TO MARKET SALES TAX USERS IN A DENTAL OFFICE.

SHIPLEY'S DONUTS, BLACK ROCK, COFFEE, BRIGHTON DENTAL AND A IN ANOTHER USER TO BE DETERMINED.

THE SITE IMPROVEMENT WOULD INCLUDE THE FOLLOWING DECELERATION LANE OFF 174.

ENVIRONMENTAL CLEANUP, DRAINAGE ESTHETICS AND NEW TO MARKET USERS.

PROPOSED DEVELOPMENT INCENTIVES SHIPLEY'S DONUTS BEING ONE OF THE TENANT, THIS WILL BE THEIR 20TH DFW LOCATION.

THEY'VE BEEN IN BUSINESS SINCE 1936.

BLACK ROCK COFFEE, SIXTH DFW LOCATION.

ONE OF THEIR THINGS IS EACH TEAM FINDS A WAY TO SERVE IN THEIR COMMUNITIES AS PART OF THEIR STORE.

BRIGHTON DENTAL AND THE FOURTH TENANT TO BE DETERMINED AT A LATER DATE.

AND WE ARE WORKING WITH THEM AND PARTNERING WITH THEM TO TRY TO FIND THEM A SALES TAX USER THAT'S NEW TO THE MARKET AS WELL.

[00:15:03]

THE INCENTIVE PROPOSAL, THE EDC TO PROVIDE A CASH GRANT OF 150,000 ONCE THE DETAILED LANE IS ACCEPTED AND COMPLETE, AND THEN THE EDC PROVIDED ANOTHER $150,000 CASH GRANT ONCE TO SALES TAX PRODUCING TENANTS RECEIVE THEIR CO.

SO, ONCE THEY ARE GOT THEIR CO AND THEY'RE OPEN, THEN THEY WOULD RECEIVE THAT FINAL PAYMENT.

HERE'S THE PROFORMA.

LOOKING AT THE INCENTIVES, AS YOU CAN SEE THAT YEAR THREE HIGHLIGHTED, THAT'S KIND OF OUR BREAK EVEN POINT TO START MAKING OUR MONEY BACK IN YEAR THREE.

TEN-YEAR RETURN IS 287%.

20-YEAR RETURN IS OVER 800%.

THE ESTIMATED TOTAL TAX PER YEAR, INCLUDING SALES AND PROPERTY TAXES, ABOUT $100,000 A YEAR.

SO, I'M HERE TO ANSWER ANY QUESTIONS.

MOTION IN FRONT OF YOU IS TO APPROVE THE PERFORMANCE AGREEMENT OR DENY IT, AND STAFF RECOMMENDATION IS TO APPROVE THE PERFORMANCE AGREEMENT.

MY QUESTION IS THIS.

ON THE FOURTH THING COMING IN.

YES, SIR. NOT THAT I HAVE ANYTHING AGAINST DOCTORS OR DENTISTS, BUT I WOULD LIKE IT TO BE A RETAIL BUSINESS, IF THAT'S POSSIBLE. I'VE BEEN THEY'VE BEEN THEY'VE BEEN ASKED THAT NUMEROUS TIMES AND WE'RE WORKING WITH THEM.

OKAY. PRETTY ROBUSTLY TO MAKE SURE THAT FOURTH USER IS A SALES TAX PRODUCING.

SO, USER THESE PRO FORMAS, IS IT BASED ON FULL LEASE OUT? YES. OKAY.

WITH THREE SALES TAX AND ONE DENTAL OFFICE FROM THEIR NUMBERS, THEY'RE JUST USING THE TWO SALES TAX RIGHT NOW.

THEY'VE GOT. YES. OKAY.

SO, IF THE THIRD ONE IS OR THE FOURTH TENANT IS A SALES TAX PRODUCING TENANT, THEN THE NUMBERS WILL BE A LITTLE BIT MORE, WHICH WILL BE IDEAL.

SO, I DON'T THINK ANYBODY UP HERE IS GOING TO MOURN THE LOSS OF CHINA.

KING. SO IF I RECALL RIGHT, IF IF THIS GETS APPROVED TONIGHT, I THINK IT COMES DOWN THIS WEEK.

SO. EXCELLENT.

EXCELLENT. GOOD.

THIS THIS WILL BE GREAT.

I MEAN, DENTIST OFFICE NOTWITHSTANDING, IT'S JUST GOING TO BE SO NICE TO HAVE, YOU KNOW, IF ANYBODY HAS DRIVEN.

EVERYBODY DRIVES UP AND DOWN WILTSHIRE.

BUT SET YOUR MIND BACK TO WHERE WE WERE ON WILTSHIRE 20 YEARS AGO AND SEE WHAT WE'VE GOT NOW.

AND THAT JUST COULDN'T BE BETTER NEWS.

SO PROUD TO SEE THAT HAPPEN.

ALL RIGHT. MOTION ON THIS FROM ANYONE OR FURTHER QUESTIONS.

SECOND. ALL RIGHT.

I HAVE A MOTION BY JOHNSON AND A SECOND BY SCOTT.

ALL THOSE IN FAVOR? AND THAT MOTION PASSES BY UNANIMOUS VOTE.

NEXT UP IS ITEM 3.E TO CONSIDER APPROVAL OF A ONE-YEAR SERVICE CONTRACT WITH THE BURLESON AREA CHAMBER OF COMMERCE IN THE AMOUNT OF $50,000 ALSO PRESENTED

[3.E. Consider approval of a one-year services contract with the Burleson Area Chamber of Commerce in the amount of $50,000. (Staff Presenter: Alex Philips, Economic Development Director)]

BY ALEX PHILLIPS.

THIS IS WHEN YOUR SERVICE CONTRACT WITH THE CHAMBER OF COMMERCE KIND OF JUST RECAP THE BURLESON AREA CHAMBER OF COMMERCE.

THEIR VISION STATEMENT IS TO BE RECOGNIZED AS AN EFFECTIVE RESOURCE, PROVIDING RELEVANT, INNOVATIVE AND IMPACTFUL PROGRAMING THAT ENSURES THE HEALTHY BUSINESS CLIMATE HERE IN BURLESON MISSION STATEMENT IS TO BE AN ADVOCATE FOR THEIR MEMBERS FOR BUSINESS IN BURLESON.

SOME OF THEIR CORE VALUES STRENGTHEN THE LOCAL ECONOMY BY PROVIDING EVENTS THAT BRING IN INDIVIDUALS FROM OUTSIDE OF THE BURLESON AREA.

PROMOTE THE COMMUNITY BY MARKETING BURLESON AS A DESTINATION FOR NEW BUSINESSES, PROVIDE BUSINESS TO BUSINESS NETWORKING OPPORTUNITIES.

THAT'S WHAT THEIR LUNCHEONS BUSINESS AFTER HOURS SPECIAL EVENTS FOR THE CHAMBER MEMBERS AND BUILD COMMUNITY WIDE LEADERSHIP BY ENCOURAGING DEVELOPING A SHARED VISION FOR THE FUTURE. BURLESON AGAIN SOME OF THEIR ACTIVITIES THE QUARTERLY LUNCHEONS, RIBBON CUTTINGS, MEMBER EVENTS, SMALL BUSINESS RESOURCES.

THIS IS JUST SOME OF THE THINGS THAT THEY OFFER FOR ALL OF THE MEMBERS PREVIOUS.

JUST KIND OF A LITTLE BIT OF HISTORY.

PREVIOUS TO LAST YEAR, THE CITY AND THE CHAMBER DID NOT HAVE AN AGREEMENT IN PLACE.

THIS CHAMBER REQUESTED THE AGREEMENT LAST YEAR.

THE CITY WORKED WITH THE CHAMBER TO OUTLINE THE SERVICES BEING SPLIT WITH THE EDC BUSINESS RETENTION MEETINGS AND THE QUALIFIED TOURISM EVENTS.

THE AGREEMENT ALSO OUTLINED THAT THE ANNUAL GOLF TOURNAMENT TO BE ALTERNATED AND HELD AT HIDDEN CREEK EVERY OTHER YEAR.