Oct 21, 2024 Economic Development Corp. (Type A)

SO THE MEETING WILL CALL TO ORDER.

[00:00:03]

IF THERE IS ANYONE, THERE CAN'T BE ANYONE HERE, THERE'S NOBODY HERE.

BUT, HEY, IF ANYBODY'S OUT THERE THAT'S INVISIBLE OR WHATEVER, YOU WANT TO TALK TO US, AND I'M NOT SEEING ANYBODY GOING, GOING, GONE.

NEXT UP IS ITEM 3A TO CONSIDER APPROVAL OF THE MINUTES FROM THE SEPTEMBER 23RD, 2024 ECONOMIC DEVELOPMENT CORPORATION MEETING.

[3.A.Consider approval of the minutes from the September 23, 2024 Economic Development Corporation (Type A) meeting. (Staff Contact: Amanda Campos, City Secretary)]

I'LL TAKE A MOTION.

I'LL MAKE A MOTION TO APPROVE THE MINUTES.

SECOND MOTION BY SCOTT.

SECOND BY HIT THE BUTTON.

OH, NOT ON THIS ONE.

YEAH. OKAY.

SECOND BY RUSSELL TO APPROVE.

ALL THOSE IN FAVOR VOTE.

I'M SORRY. WAIT A MINUTE. ARE WE DOING IT THIS WAY OR.

OKAY, WE'RE DOING IT BY HAND.

ALL RIGHT, OLD SCHOOL.

UNANIMOUS VOTE. ALL RIGHT.

NEXT UP IS 3B TO CONSIDER APPROVAL OF AN AMENDMENT TO THE PERFORMANCE AGREEMENT 4A 100223C&C BURLESON BETWEEN THE BURLESON 4A

[3.B.Consider approval of an Amendment to the Performance Agreement 4A100223C&CBurleson 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 Contact: Alex Philips, Economic Development Director)]

STAFF PRESENTATION WILL BE BY ALEX PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR.

GOOD EVENING, PRESIDENT 4A MEMBERS ALEX PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR, HERE TONIGHT TO PRESENT AN AMENDMENT TO THE PERFORMANCE AGREEMENT WITH C&C BURLESON, LLC.

IF YOU RECALL, THIS IS THE OLD CHINA KING OR THE OLD JOSE'S SITE ON WILSHIRE.

IT'S BEEN VACANT SINCE 2018.

THE DEVELOPER HAS COMPLETED ALL THE ENVIRONMENTAL STUDIES DEMO AND NEARLY COMPLETED ALL OF THE CONSTRUCTION.

DEVELOPER ORIGINALLY PROPOSED TWO NEW TO MARKET SALES TAX USERS, INCLUDING A DENTAL OFFICE AND A POTENTIAL THIRD SALES TAX USER.

THE DEVELOPER IS NOW PROPOSING THREE SALES TAX USERS WITH A POTENTIAL FOURTH.

YOU KNOW, BLACK ROCK COFFEE IS OPEN.

SHIPLEY'S DONUTS DID NOT COME THROUGH.

THEY DID NOT MOVE TO OUR MARKET.

BUT EINSTEIN BROTHERS BAGELS AT THE TIME OF THIS PRESENTATION, THE LEASES HAVE BEEN EXECUTED.

BUT NOW THAT IS NOW OPEN.

BRIDENT DENTAL IS NOW GOING TO BE MO BETTAH'S HAWAIIAN BARBECUE.

AND THEN A FOURTH TO BE DETERMINED.

THEY ARE ACTIVELY LOOKING FOR A SALES TAX USER THERE.

SITE IMPROVEMENTS THAT HAVE BEEN COMPLETED, ENVIRONMENTAL CLEANUP, DRAINAGE AND ESTHETICS.

THE DECELERATION LANE IS AGAIN, AGAIN AT THE TIME OF THIS PRESENTATION, WHEN I PUT IT TOGETHER, DECELERATION LANE WAS UNDER REVIEW WITH TXDOT, IT'S NOW ACTUALLY BEEN COMPLETED.

SO THE PROPOSED AMENDMENT ON THE INCENTIVES IS BASICALLY THE FOUR.

WE WANT THE FOUR FOR SALES TAX USERS.

THERE'S SOME INFRASTRUCTURE THAT NEEDS TO BE DONE FOR A FOR SALES TAX USER.

SO THE ADDED INCENTIVE FOR OUT OF EDC WOULD BE FOR THE INFRASTRUCTURE NEEDED FOR THAT.

AGAIN, THE INCENTIVE PROPOSAL THAT'S JUST CHANGING IS TO PROVIDE A CASH GRANT OF $50,000 ONCE THE FOURTH SALES TAX TENANT RECEIVES A CO IN THAT DEVELOPMENT.

TO DATE, THE DEVELOPER HAS NOT RECEIVED ANY PAYMENTS.

THIS IS THE PROFORMA SHOWING THE EXTRA $50,000 ON THE AMENDMENT.

TEN YEAR RETURN 274%, 20 RETURNED 777%.

THAT'S BASED ON A $4.2 MILLION A YEAR IN REVENUE AND 3% INFLATION YEAR OVER YEAR.

SO TONIGHT, THE REQUESTED ACTION IS TO APPROVE THE AMENDMENT OR DENY THE AMENDMENT.

STAFF'S RECOMMENDATION IS TO APPROVE THE AMENDMENT.

HERE TO ANSWER ANY QUESTIONS? QUESTIONS, ANYONE? THIS SEEMS TO BE PRETTY SIMPLE THAT WE'RE BASICALLY RATCHETING UP THE DEVELOPERS COMMITMENT TO BRING SALES TAX USERS INTO THE DEVELOPMENT.

THE DEVELOPMENT ALREADY HAD OUR STRONG APPROVAL, AS I RECALL, AND WE'RE GOING TO JUMP AT ANYTHING YOU CAN BRING US TO IMPROVE THE WILSHIRE CORRIDOR.

AND EVERYBODY KNOWS THAT THIS IS THIS IS A GREAT WIN FOR US HERE.

AND I CERTAINLY HAVE NO ISSUE SUPPORTING THE ADDITION TO THE 380.

OKAY. SO ANYONE ELSE? HAVE A MOTION? I'LL MAKE A MOTION TO APPROVE.

I'LL SECOND THAT MOTION.

OKAY. MOTION BY BOEDEKER.

SECOND BY SCOTT. ALL THOSE IN FAVOR, PLEASE RAISE YOUR HAND.

AND I SEE THAT MOTION PASSES BY A UNANIMOUS VOTE.

NEXT UP ON OUR AGENDA IS ITEM 3C TO CONSIDER APPROVAL OF A MINUTE ORDER FOR AUTHORIZATION TO SPEND $68,640 FOR

[3.C.Consider approval of a minute order for authorization to spend $68,640 for a professional services agreement for a community park and associated development with Land Design. (Staff Contact: Jen Basham, Director of Parks and Recreation)]

[00:05:01]

GOOD EVENING.

THIS IS MY FIRST TIME PRESENTING TO ECONOMIC DEVELOPMENT SO.

ALL RIGHT. I'M GOING TO START WITH JUST A LITTLE BIT OF BACKGROUND.

SO THE SITE THAT WE'RE LOOKING AT THIS EVENING IS APPROXIMATELY 55 ACRE TRACT AT THE INTERSECTION OF HULEN AND ALSBURY.

AND IT'S A PROPERTY THAT WE ACQUIRED FOR COMMUNITY PARK USAGE AS WELL AS SOME OTHER USES, MAYBE DOWN IN THE FUTURE IN THE FUTURE.

BACK IN FEBRUARY OF THIS YEAR, WE ENTERED INTO AN AGREEMENT WITH LAND DESIGN TO START REALLY TAKING A DEEP DIVE INTO WHAT THE COMMUNITY WOULD WANT TO SEE IN THIS PARK. ON THE RIGHT, YOU JUST KIND OF SEE THE SITE ANALYSIS THAT WAS ORIGINALLY DONE FOR THIS LOCATION.

THE SUMMARY OF WHAT WE HEARD SO WHAT YOU SEE, THIS IS JUST A DIAGRAM OF THE PUBLIC ENGAGEMENT RESPONSES THAT I BELIEVE MOST HAVE SEEN BEFORE.

WE HAD 120 ATTEND OUR PUBLIC OPEN HOUSE.

WE HAD 30 STAFF FROM INTERNAL DEPARTMENTS FROM PD, FIRE, PUBLIC WORKS, ETC.

ALSO ATTEND AN OPEN HOUSE FOR THEM TO BE ABLE TO PROVIDE INTERNAL STAKEHOLDER RESPONSES.

AND THEN WE ALSO HAD 14 STAKEHOLDERS FROM VARIOUS BOARDS, COMMISSIONS AND THE CHAMBER OF COMMERCE THAT ATTENDED OUR OPEN HOUSE AS WELL.

AND THEY WALKED THROUGH THIS PROCESS THAT YOU SEE ON THE RIGHT THAT TALKED ABOUT THE PROJECT BACKGROUND LIVE, WORK, LEARN, PLAY, CURRENT VISION AND PROJECT GOALS. AND THEN THEY WERE ABLE TO WORK THROUGH SOME DIFFERENT IMAGE BOARDS TO SEE WHAT THE SITE COULD POTENTIALLY BECOME.

THE BIG IDEA THAT CAME OUT OF THAT IS THE PROGRAM THAT YOU SEE LISTED THERE ON THE LEFT SOFTBALL FIELD, SPORTS COURTS, COMMUNITY PARK SPACE FOR COMMUNITY EVENTS. A BIG THING THAT WE HEARD WAS THAT WE LOVE THE PLAZA, BUT WE NEED MORE SPACE FOR THE PLAZA.

THERE'S A LOT OF DENSITY, AND SO WE WANT TO CELEBRATE THAT SPACE, BUT WE ALSO WANT EVEN MORE.

WE HEARD A LOT ABOUT ENSURING THAT WE HAD GREEN SPACE, SO BIG LAKE, LOTS OF NATURAL AREAS.

AND THEN ANOTHER THING WAS AN INCLUSIVE NATURE PLAYGROUND.

SO ONE OF THE AREAS THAT WE RELOCATED IS THE SCOPE FOR SHANNON CREEK PARK, WHICH IS JUST A MILE DOWN THE ROAD.

AND ITS ORIGINAL PHASING HAD AN INCLUSIVE NATURAL PLAY AREA.

AND WE'VE SINCE SHIFTED THAT SCOPE TO THIS AREA BECAUSE AS A COMMUNITY PARK, WE KNOW THAT PARKING AND ACCESSIBILITY WILL BE MUCH MORE INCLUSIVE AT THIS SITE AND NOT TUCKED BACK INTO A NEIGHBORHOOD.

SOME OTHER CIVIC USES ARE FOOD TRUCK, RODEO AND OTHER ITEMS COULD BE SOMETHING THAT WE LOOKED AT MOVING FORWARD.

SO THE SCOPE OF WHAT WE'RE BRINGING HERE THIS EVENING IS JUST SOME PRELIMINARY DUE DILIGENCE.

SO IT'S SURVEY TOPO TREE SURVEYS, MAKING SURE WE'RE GOOD WITH THE WATERS OF THE U.S., A PRELIMINARY DRAINAGE ANALYSIS AND THEN SCHEMATIC DESIGN.

AND THE REASON THIS IS BEFORE YOU THIS EVENING IS BECAUSE WE ARE SPLITTING THAT COST WITH 4A TO REVIEW THE INFRASTRUCTURE COMPONENT OF IT.

SO THE TOTAL CONTRACT IS $124,800.

WE DO HAVE A 10% CONTINGENCY BUILT INTO THAT.

SO WE'RE LOOKING AT A TOTAL FUNDING OF $137,280, OF WHICH THE ASK FOR 4A IS $68,640.

IF THIS IS AWARDED THIS EVENING SO IF IT GOES THROUGH ECONOMIC DEVELOPMENT CORPORATION WILL TAKE IT FORWARD TO BE RATIFIED BY COUNCIL LATER THIS EVENING.

AND THEN WE WILL BEGIN THE PROCESS OF ACTUALLY STARTING THAT SCHEMATIC DESIGN SO ALL THE SURVEY AND TOPO.

ONCE THAT'S COMPLETED AND WE GET TO 30% DESIGN, WE WILL ACTUALLY BRING THAT IN HOUSE FOR OUR ENGINEERING DEPARTMENT TO TAKE TO CD.

AND THEN THEY WILL START WITH WHAT WE'RE CONSIDERING, PHASE ONE, WHICH WILL BE PHASE ONE OF SOME PARKING.

YOU CAN SEE THAT HERE I FORGET WE HAVE THIS BIG BLUE ARROW.

SO RIGHT HERE YOU'LL SEE THE INITIAL DRIVE THAT INTERSECTS WITH ALSBURY AND HULEN.

WE'RE LOOKING AT IMPLEMENTATION OF SOME PRACTICE FIELDS WHERE WE WILL PUT THE PERMANENT FIELDS ONCE WE GET TO THAT LEVEL, INCLUDING IMPROVING SOME OF THE DRAINAGE AT THIS SITE AND THEN SOME EASY STUFF THAT WE'LL BE ABLE TO DO FOR VERY LOW ECONOMICAL COSTS IS ACTIVATING THIS BACK AREA WHERE IT'S ALREADY TREED AND BEING ABLE TO PUT IN SOME NATURAL TRAILS. AND THIS DOES IMPACT THE 4B CAPITAL PROJECTS PLAN.

AND SO THIS WILL BE MOVING FORWARD IN NOVEMBER TO COUNCIL TO SEE THE NEW FORECAST AND TO ACTUALLY LOOK AT THE 4B.

BUT WE DID WANT TO SHOW THIS EVENING THAT WE HAD FORMER DIRECTION TO MOVE THESE TWO PROJECTS UP.

SO YOU SEE THE ADULT SOFTBALL FIELDS MONEY HAS MOVED TO 2025 AS WELL AS THE COMMUNITY PARK DESIGN DOLLARS.

AND THEN THAT'S THE NEW BOTTOM LINE.

AND THE TIMELINE FOR THIS IS, LIKE I SAID, IN NOVEMBER, WE WOULD BEGIN THE DESIGN OF THIS, AND YOU WILL BRING THOSE AMENDED CAPITAL PLANS TO 4A AND 4B IN NOVEMBER. WE'RE HOPING TO BE DONE WITH SCHEMATIC BY FEBRUARY, BID IN MARCH START CONSTRUCTION IN APRIL AND OPEN THIS INITIAL PHASE IN AUGUST OF NEXT YEAR.

ANY QUESTIONS? QUESTIONS MEMBERS? I'VE GOT ONE QUESTION.

I KNOW THIS DOESN'T CONCERN THE FIVE YEAR CIP AT THIS TIME.

[00:10:01]

BUT ARE THERE ANY PLANS MADE AT THIS TIME HOW TO ADJUST THE BUDGET FOR THE CIP? SO RIGHT NOW FROM FORMER ITERATIONS, WE BELIEVE THAT WE CAN.

BUT FINANCE IS CURRENTLY REVIEWING THESE NUMBERS AND THAT WE CAN SUPPORT IT AS PRESENTED THIS EVENING.

IF THAT CHANGES, WE WILL BRING AN AMENDED CIP THAT DOES SUPPORT THAT, THAT WOULD SHIFT PROJECTS AROUND.

COUNCIL MEMBER SCOTT I WOULD JUST ECHO WHAT JEN HAS SAID.

MY CONVERSATION WITH [INAUDIBLE] HAD BEEN WHEN WE TAKE INTO CONSIDERATION OUR REFUNDING THAT WE HAD OVER THIS PAST YEAR, HE FELT THAT WE WOULD BE ABLE TO SHIFT THESE UP WITH MINIMAL IMPACT TO THE OVERALL FIVE YEAR CIP.

BUT WE'LL PRESENT THAT SECOND MEETING IN NOVEMBER WITH OUR PROJECTIONS SO YOU GUYS CAN SEE THAT.

AND IF THERE'S QUESTIONS OR CONCERNS AT THAT TIME, WE'LL BE READY TO SPEAK TO THEM.

OKAY. THANK YOU TOMMY. THANK YOU JEN.

YES, SIR. JUST JUST TO KEEP US OUT OF THE WEEDS HERE.

THE PRESENTATION SPEAKS A LOT ABOUT PARK AMENITIES AND PARK USES AND PARK PLANS, BUT THIS IS THE 4A ECONOMIC DEVELOPMENT CORPORATION.

SO I THINK FOR THE SAKE OF WHOEVER MAY LISTEN TO WHAT WE WERE SPEAKING ABOUT TONIGHT, IT NEEDS TO BE POINTED OUT THAT THE REASON WHY THIS IS A 4A PROJECT IS BECAUSE THERE IS A RETAIL AND COMMERCIAL COMPONENT TO THIS OVERALL SITE.

IF THERE WERE NO RETAIL COMPONENT, NOR A COMMERCIAL NOR A PARK USE, THIS WOULD BE A GENERAL FUND ITEM THAT WE'D HAVE TO FIGURE OUT HOW TO PAY FOR OUT OF BOND FUNDS. BUT THERE IS A COMPONENT HERE THAT WILL ULTIMATELY BE PART OF A DEVELOPMENT THAT I DON'T THINK IS PERSONALLY THINK IS GOING TO BE LIKELY TO BE SUCCESSFUL UNLESS IT DOES HAVE A RATHER SUBSTANTIAL PRIVATE COMPONENT, WHICH WILL PRODUCE SALES TAX USERS AND TAX REVENUES FROM AD VALOREM TAXES. SO JUST JUST TO MAKE SURE WE TIE ALL THE PIECES HERE TOGETHER FOR THE PUBLIC RECORD THAT THAT CONDITION DOES EXIST.

AND I WANT TO POINT THAT OUT.

IF ANYONE HAS ANY FURTHER COMMENTS AND IF NOT, I'LL TAKE A MOTION.

I'LL MOVE TO APPROVE.

I DON'T THINK WE'RE USING THE TOUCH SCREEN, SO I HAVE A MOTION BY RUSSELL.

I'LL SECOND AND A SECOND BY BOEDEKER.

ALL THOSE IN FAVOR, PLEASE SIGNIFY.

ALL RIGHT. AND THAT MOTION PASSES BY UNANIMOUS VOTE.

DO WE HAVE REQUESTS FROM ANY OF THE MEMBERS FOR A FUTURE AGENDA ITEM OR A REPORT?

[4. BOARD REQUESTS FOR FUTURE AGENDA ITEMS OR REPORTS]