[00:00:01] 4 P.M.. SO I THINK WE'LL CALL TO ORDER THE MEETING OF THE ECONOMIC DEVELOPMENT CORPORATION TYPE A. [1. CALL TO ORDER] FIRST ITEM ON OUR AGENDA FOR THE EVENING IS CITIZEN'S APPEARANCES. THIS IS A TIME IN THE MEETING WHERE ANYONE THAT WOULD LIKE TO SPEAK TO THE BOARD ON AN ITEM THAT'S NOT ON THE AGENDA. DO WE HAVE ANY ANYONE HERE THAT WOULD LIKE TO DO THAT? I'M NOT SEEING A WHOLE LOT OF RAISED HANDS, SO WE'LL MOVE ON TO THE NEXT THING. [3.A. Consider approval of the minutes from the October 21, 2024 Economic Development Corporation (Type A) meeting. (Staff Contact: Monica Solko, Deputy City Secretary)] ITEM THREE A TO CONSIDER APPROVAL OF THE MINUTES FROM THE OCTOBER 21ST, 2024 ECONOMIC DEVELOPMENT CORPORATION TYPE A MEETING. THOSE ARE IN FRONT OF YOU MEMBERS. IF YOU'VE HAD A MINUTE TO REVIEW THEM, I'LL TAKE A MOTION. I'LL MOVE TO APPROVE THE MINUTES. ALL RIGHT. I HAVE A MOTION BY ADAM AND A SECOND BY ALEXA. ALL THOSE IN FAVOR? THAT MOTION PASSES BY A UNANIMOUS VOTE. NEXT UP IS ITEM THREE B TO CONSIDER APPROVAL OF A ONE YEAR SERVICES CONTRACT WITH THE BURLESON AREA CHAMBER OF COMMERCE IN THE AMOUNT OF $50,000. [3.B. Consider approval of a one-year services contract with the Burleson Area Chamber of Commerce in the amount of $50,000. (Staff Contact: Alex Philips, Economic Development Director)] THIS WILL BE PRESENTED BY ALEX PHILLIPS, OUR ECONOMIC DEVELOPMENT DIRECTOR. GOOD AFTERNOON, PRESIDENT AND BOARD MEMBERS. I'M HERE TO PRESENT TO YOU THE ANNUAL CONTRACT WITH THE CHAMBER OF COMMERCE. THEY'RE LED BY THE EXECUTIVE DIRECTOR, MELISSA MILLER. THAT'S IN ATTENDANCE TONIGHT, AS WELL AS THE BOARD OF DIRECTORS. COMPROMISE OF LOCAL STAKEHOLDERS. THE CITY'S CONTRACTED WITH THE CHAMBER EACH YEAR SINCE 2022. THE CHAMBER AND THE EDC WORK COOPERATIVELY ON NUMEROUS EVENTS. SOME OF THEIR CURRENT ACTIVITIES, THE QUARTERLY LUNCHES, INCLUDING THE STATE OF THE CITY AND THE EDC UPDATE, NEW BUSINESS RIBBON CUTTINGS, MEMBER EVENTS, SMALL BUSINESS RESOURCES, ALONG WITH COMMUNITY AND TOURISM EVENTS AS WELL. JUST AS A RECAP, THE BUSINESS RETENTION, THEY DID COMPLETE ALL THEIR RETENTION VISITS AND SURVEYS WERE CONDUCTED FROM ALL INDUSTRIES AND SIZES IN BURLESON. SOME DATA THERE, 91% OF BUSINESSES RATED THEIR SATISFACTION WITH THE BUSINESS ENVIRONMENT COMMUNITY ABOVE AVERAGE. LOTS OF MEMBERS AND INDUSTRIES LOOKING FOR EXPANSION. SO WE'RE FOLLOWING UP WITH THOSE AT A STAFF LEVEL AND SEEING HOW WE CAN HELP THEM DO THAT. CITY SERVICES SUCH AS PERMITTING AND COMMUNICATIONS BOTH RECEIVE MARKS ABOVE AVERAGE, AND ALMOST 90% OF ALL BUSINESSES REPORTED AN ABOVE AVERAGE SATISFACTION IN DOING BUSINESS IN BURLESON. SOME OF THE TOURISM EVENTS. THE 23RD ANNUAL HONEY TOUR. THAT'S HELD OVER MEMORIAL DAY WEEKEND. THEY HAD 622 RIDERS FROM ALL OVER THE STATE, AS WELL AS RIDERS FROM MEXICO. THE SOCIAL MEDIA ADS, ALL THE ADVERTISING THAT THEY DO WITH THOSE. THE HONEY TOUR CARNIVAL'S HOSTED IN CONJUNCTION WITH THOSE AND THE PARKS DEPARTMENT. ALSO THE FULL CIRCLE WOMEN'S CONFERENCE. THE POWER OF HILLS HOSTED WOMEN FROM ALL OVER THE METROPLEX FOR THAT EVENT. SO THE CONTRACT SERVICES BUSINESS RETENTION CONDUCTED 100 ANNUAL BUSINESS RETENTION MEETINGS WITH LOCAL BUSINESSES TO GATHER KEY INFORMATION. WE COLLABORATE ON THAT LIST OF BUSINESSES EACH YEAR, LOOKING AT OUR TOP 100 SALES TAX USERS AND HOW THEY CHANGE, AND GIVE THEM A NEW LIST EACH YEAR. SO THE LIST ISN'T THE SAME EVERY YEAR. DELIVERABLES INCLUDE CONTACT UPDATES, BUSINESS ANNIVERSARIES. JUST THAT WAY WE CAN CELEBRATE THEM THROUGH EMAIL OR ON SOCIAL MEDIA. SUMMARY OF BUSINESS STRENGTHS AND KEY ISSUES. ANY GROWTH PLANS THAT THEY MAY HAVE, AND ALSO THE QUARTERLY REPORTS THAT THEY GIVE US WITH THE SURVEY STATISTICS ON THE TOURISM SIDE. HOST THREE EVENTS PER YEAR THAT ARE FOCUSED ON DRAWING IN OUT OF TOWN VISITORS. THIS NEXT YEAR WILL BE THE HONEY TOUR BIKE RIDE. THE FULL CIRCLE WOMEN'S CONFERENCE, AND THEN A NEW EVENT BEING THE BTX, COFFEE WALK JUST BEING KIND OF LIKE A COFFEE FESTIVAL HELD IN THE PLAZA. THE CONTRACT TERMS IT'S $50,000 TOTAL CONTRACT PRICE. THE 4A EXPENSE IS ONLY $20,000 FOR THE BUSINESS RETENTION. TOURISM IS $10,000 PER EVENT THAT COMES OUT OF THE HOT/MOT BUDGET. THE TERMS PRODUCED QUARTERLY REPORT WITHIN 30 DAYS OF THE END OF EACH QUARTER. HOST THE ANNUAL GOLF TOURNAMENT AT HIDDEN CREEK GOLF COURSE BI-ANNUALLY. UTILIZE BURLESON CATERING FOR THE STATE OF THE CITY AND THE EDC QUARTERLY LUNCHES. THERE IS A TERMINATION CLAUSE IN THAT IF THEY DON'T PERFORM, THEY WOULD NOT BE. THEY WOULD BE INELIGIBLE FOR ANY CITY FUNDING FOR ONE YEAR, AND EITHER PARTY MAY TERMINATE WITHIN 30 DAYS OF WRITTEN NOTICE. SO HERE, TO ANSWER ANY QUESTIONS THAT YOU HAVE AND CONSIDER APPROVAL OF THE ONE YEAR SERVICES CONTRACT WITH THE BURLESON AREA CHAMBER OF COMMERCE IN THE AMOUNT OF $50,000. THANK YOU, ALEX. QUESTIONS, ANYONE? WHY DON'T WE CALL IT THE COFFEE CRAWL? [00:05:01] I'LL LEAVE THAT UP TO MELISSA AND THE CHAMBER. [CHUCKLING] WOULD THAT HAVE TO BE EARLY IN THE MORNING? I THINK IF IT'S ICED COFFEE, HOT COFFEE, WE CAN DO IT ALL DAY LONG. SOUNDS EXCITING. ALL RIGHT ANYONE WANT TO MAKE A MOTION? I'LL MAKE A MOTION. I'LL SECOND. OKAY. I HAVE A MOTION BY PHIL TO APPROVE, RIGHT? SECOND BY ADAM. ALL THOSE IN FAVOR? THAT MOTION PASSES BY UNANIMOUS VOTE. THANK YOU. ALL RIGHT, NEXT UP ON OUR AGENDA IS 3C [3.C. Consider approval of an amendment to Resolution 4A081924AnnualBudget by amending the Capital Improvement Plan. (Staff Contact: Gloria Platt, Director of Finance)] TO CONSIDER APPROVAL OF AN AMENDMENT TO RESOLUTION 4A081924. GOOD LORD. ANNUAL BUDGET BY AMENDING THE CAPITAL IMPROVEMENT PLAN, AND THIS WILL BE PRESENTED BY GLORIA PLATT, DIRECTOR OF FINANCE. GOOD AFTERNOON. BOARD PRESIDENT AND BOARD MEMBERS. THIS ITEM IS TO CONSIDER APPROVAL OF AN AMENDMENT TO THE CIP CAPITAL IMPROVEMENT PLAN. THE JUST SOME HISTORY OR IT WAS PRETTY RECENT HISTORY. THE 4A CORPORATION DID APPROVE THEIR ANNUAL BUDGET ON AUGUST 19TH, 2024 VIA RESOLUTION, AND THEN ON SEPTEMBER 9TH, 2024, THE COUNCIL DID RATIFY THAT BUDGET AND APPROVE INCLUDING THE CIP FOR FISCAL YEARS 2024 2025. SO SINCE THAT TIME, STAFF HAS IDENTIFIED AND RECOMMENDED UPDATES TO THE CIP TO COMPLETE RECOMMENDED PROJECTS. SO THE FOR THE 4A CORPORATION THE INCREASE IS $3,042,400 THAT IS BEING RECOMMENDED FOR 4A PROJECTS AND THESE ARE FOR THE ADDITION OF THE HIGH POINT EXPANSION PURCHASE. THIS IS LAND PURCHASE IN THE HIGH POINT BUSINESS PARK AS WELL AS THE PROJECT WAVE. THIS IS FUNDING FOR BETHANY WATER EXPANSION IMPROVEMENTS AND THE WEST SIDE INFRASTRUCTURE, AND THIS IS INFRASTRUCTURE LOCATED AT HULEN AND ALSBURY. SO THIS IS THE DETAILED CIP PLAN FOR FOR THE FISCAL YEAR 2025 THROUGH 2029, SHOWING THOSE ADDED PROJECTS THERE, BRINGING THE TOTAL FOR 2025 TO $7,143,677. WE DID INCLUDE IN THE SLIDE DECK THE FINANCIAL FIVE YEAR FORECAST, AND THAT IS BECAUSE BEGINNING 25-26, THE DEBT SERVICE FOR THESE PROJECTS THAT HAVE BEEN ADDED HAS BEEN INCLUDED, AND SO WE SHOW THE ENDING FUND BALANCE THERE AT $8.6 MILLION. THAT'S THE PROJECTED AT THE END OF THAT FIVE YEAR FORECAST. BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE, AND OF COURSE, STAFF RECOMMENDS THE APPROVAL OF THE AMENDMENT TO THE CIP PLAN. THANK YOU, GLORIA. QUESTIONS, ANYONE? ALL RIGHT. I'LL ENTERTAIN A MOTION. I'LL MAKE A MOTION TO APPROVE. OKAY. SECOND. ALL RIGHT. HAVE A MOTION BY ALEXIS. SECOND BY ADAM TO APPROVE ALL THOSE IN FAVOR, AND THAT MOTION PASSES BY UNANIMOUS VOTE. THANK YOU. ALL RIGHT. NEXT UP IS ITEM 4, ANY BOARD REQUESTS FOR FUTURE AGENDA ITEMS OR REPORTS. NO, SIR. SEEING NONE, I ASSUME WE HAVE NO NEED FOR EXECUTIVE SESSION THIS EVENING. ALL RIGHT. WITH THAT BEING THE CASE, THEN THE MEETING WILL ADJOURN AT 4:09. THANK YOU ALL. * This transcript was compiled from uncorrected Closed Captioning.