[00:00:01]
          IT'S ACTUALLY 4:00 IN THE AFTERNOON, AND WE HAVE A QUORUM OF THE TYPE A ECONOMIC
DEVELOPMENT CORPORATION HERE. 
          [1.CALL TO ORDER]
SO I WILL CALL THE MEETING TO ORDER. FIRST ON OUR AGENDA IS ITEM 2 CITIZEN APPEARANCES. 
          THIS IS A POINT IN THE MEETING WHERE ANY PERSON WHO WANTS TO CAN SPEAK TO THE BOARD ON AN
ITEM THAT'S NOT POSTED ON TONIGHT'S AGENDA. 
          DO WE HAVE ANY SUCH REQUESTS? I SEE OR HEAR NONE. 
          SO WE'LL MOVE ON TO ITEM 3.A, WHICH IS TO CONSIDER AND TAKE POSSIBLE ACTION ON THE MINUTES
FROM THE JULY 21ST, 
          [3.A.Consider and take possible action on the minutes from the July 21, 2025 Economic Development Corporation (Type A) meeting. (Staff Contact: Monica Solko, Deputy City Secretary)]
2025 ECONOMIC DEVELOPMENT CORPORATION TYPE A MEETING. 
          MEMBERS, IF YOU'VE HAD A CHANCE TO REVIEW THOSE,
I'LL TAKE A MOTION. 
          I MAKE A MOTION TO APPROVE THE MINUTES. SO MOVE I HAVE A MOTION BY LARRY, SECOND BY PHIL TO APPROVE ALL THOSE IN FAVOR? ALL RIGHT, THAT PASSES BY UNANIMOUS VOTE. NEXT UP IS ITEM 3.B TO CONSIDER AND TAKE
POSSIBLE ACTION ON AN AMENDMENT OF RIGHT OF WAY CONTRACT 
          [3.B.Consider and take possible action on an amendment of right-of-way contract between Burleson 4A Economic Development Corporation and DCP Operating Company, LP to modify an existing blanket easement at Hooper Business Park. (Staff Contact: Alex Philips, Economic Development Director)]
BETWEEN BURLESON FOR ECONOMIC DEVELOPMENT CORPORATION AND DCP OPERATING COMPANY,
LP TO MODIFY AN EXISTING BLANKET EASEMENT AT HOOPER BUSINESS PARK. 
          PRESENTED BY ALEX PHILLIPS, ECONOMIC DEVELOPMENT DIRECTOR. 
          THANK YOU, PRESIDENT, BOARD MEMBERS HERE TO PRESENT BLANKET EASEMENT UPDATE. 
          HOOPER BUSINESS PARK IS 106 ACRES LOCATED ON THE WEST SIDE OF BURLESON,
NEAR FM 1902, IN THE CHISHOLM TRAIL TOLLWAY. 
          THE EDC, THE BURLESON 4A, PURCHASED IT BACK IN 2021 TO ESTABLISH A NEW BUSINESS PARK TO
CREATE OPPORTUNITIES FOR NATIONAL AND REGIONAL CORPORATE HEADQUARTERS. 
          IT IS THE FUTURE HOME AND HEADQUARTERS OF CRAFT MASTERS TRADE SCHOOL. 
          THERE IS AN EXISTING RIGHT OF WAY CONTRACT, ORIGINATED IN 1955 AS A BLANKET EASEMENT OVER
A LARGE 121 ACRE AREA, INCLUDING WHAT IS NOW OUR HOOPER BUSINESS PARK. 
          THE AMENDMENT ESTABLISHES A MUCH SMALLER DEFINED EASEMENT CONSISTING OF ONLY 4950FT². 
          WITHIN THE DEFINED EASEMENT, THEIR OPERATING COMPANY STILL RETAINS BROAD RIGHTS TO
MAINTAIN, INSPECT, OPERATE AND REPAIR AND REPLACE ANY BLANKET OR PIPELINES. 
          SO ORIGINALLY THE EASEMENT WAS OVER ACROSS THE WHOLE PROPERTY. 
          AND WE'RE MINIMIZING THAT DOWN TO THIS 4950 SQUARE FOOT AREA. 
          SO THE REQUESTED ACTION TONIGHT IS APPROVED OR DENIED THE AMENDMENT FOR THE RIGHT OF WAY
CONTRACT AMENDMENT. 
          IF YOU APPROVE IT, THEN WE'LL EXECUTE THE DOCUMENT AND FILE IT WITH THE COUNTY. 
          AND IT'S GOING TO COST THE EDC ABOUT $60 TO FILE THAT FOR THE EASEMENT TO GO FROM 121
ACRES TO 4950FT². BLANKET EASEMENT IS KIND OF A NEW CONCEPT ON ME. 
          I HAD TO LIKE SOMEBODY SAID, YOU'RE PUT WHEREVER YOU WANT IT. 
          THAT'S FINE. YEAH. SO I DON'T GUESS THIS IS GOING TO INTERFERE WITH ANY OF OUR
CONSTRUCTION PLANS OR? NO I TALKED TO OUR CITY ENGINEER, MICHELLE MCCULLOUGH,
AND COORDINATED WITH HER. 
          AND WE TALKED TO. IT'S ACTUALLY PHILLIPS 66,
IS THE ULTIMATE OWNER OF THIS EASEMENT. 
          I HAD A CONVERSATION WITH THEM AND THEY'RE GOING TO COORDINATE,
YOU KNOW, WHAT MAY NEED TO BE DONE WITH THE LAKEWOOD EXTENSION OR THEIR GAS PIPELINE ONCE WE CONNECT IT BACK OVER TO 1902. OKAY. AND THERE WITHIN THIS PROPOSED EASEMENT? YES. CORRECT. YEAH. ALL RIGHT. I KNOW THAT SOUNDS LIKE A DUMB QUESTION. 
          NO, YOU'RE GOOD ANY OTHER QUESTIONS, MEMBERS? ALL RIGHT. I'LL TAKE A MOTION. 
          I'LL MAKE A MOTION TO APPROVE. THAT'S GOOD ENOUGH WE'VE ALREADY CALLED THE ITEM OF. 
          GOOD THANK YOU. I'LL SECOND THE MOTION. OKAY A MOTION BY ALEXA,
SECOND BY LARRY TO APPROVE. 
          ALL THOSE IN FAVOR? ALL RIGHT. THAT MOTION PASSES BY UNANIMOUS VOTE. 
          NEXT UP IS ITEM 3.C TO CONSIDER AND TAKE POSSIBLE ACTION ON A RESOLUTION ADOPTING THE
BURLESON 4A ECONOMIC DEVELOPMENT CORPORATION FISCAL YEAR 2025-2026 
          [3.C.Consider and take possible action on a resolution adopting the Burleson 4A Economic Development Corporation FY 2025-2026 annual budget.  (Staff Contact: Kevin Hennessey, Interim Director of Finance)]
ANNUAL BUDGET. THIS WILL BE PRESENTED BY KEVIN HENNESSY,
OUR INTERIM DIRECTOR OF FINANCE. 
          THANK YOU KEVIN. THANK YOU SIR. AND AS STATED,
I'M HERE TO DISCUSS THE PROPOSED BUDGET FOR THE 4A FUND FOR FY 26. 
          SO YOU SEE HERE THE OPERATIONS, WE HAVE A LIST HERE OF THE 4A INCENTIVES THAT ARE PLANNED
FOR THE FY 26. 
          AND THEN IF WE JUMP DOWN TO THE FUND HIGHLIGHTS,
WE'RE PROPOSING AN ENDING FUND BALANCE OF $4.8 MILLION. 
          AND THAT'S BROKEN OUT INTO THE EXPENDITURE CATEGORIES IN OUR THREE YEAR SUMMARY WITH THE
HISTORICAL ACTUALS CURRENT BUDGET ESTIMATE AND THEN THE PROPOSED BUDGET FOR FY 26. 
          [00:05:07]
IT'S ALSO SHOWN HERE WITH OUR FIVE YEAR FORECAST OUT FROM FY 26. 
          THERE ARE NO SUPPLEMENTAL ITEMS THIS YEAR. HERE IS THE ATTACHED PLAN FIVE YEAR CIP FROM FY
26 THROUGH FY 30, WITH $5 MILLION PLANNED FOR FY 26. 
          WITH THAT THE EVENING, THIS EVENING THE OPTIONS ARE TO RECOMMEND THE APPROVAL OF THE
PROPOSED BUDGET, NOT RECOMMEND APPROVAL OR AND THEN STAFF DOES INDEED RECOMMEND THE APPROVAL. 
          AND I WOULD STAND FOR ANY QUESTIONS THE ALSBURY BOULEVARD PROJECT THAT'S THE 1020 WIDENING. 
          CORRECT? OR AS PART OF THAT, THE CURRENT PROJECT FOR THE PRIOR ALLOCATION? NO, SIR. THAT IS THE THAT IS THE WIDENING OF 1020. 
          SORRY. THERE WE ARE. YEAH SO THAT'S IN MY HEAD YEAH. SO THE PRIOR ALLOCATION OF $4 MILLION THAT'S IDENTIFIED FOR THE DESIGN AND PARTIAL
RIGHT OF WAY ACQUISITION OF THE 1020 SECTION AND THEN THE $5 MILLION. 
          THE OUT YEARS WOULD BE OUR CONTRIBUTION TOWARDS ANY KIND OF FUTURE FEDERAL FUNDING THAT WE
RECEIVE. 
          SO THAT'S NOT THE BRIDGE SECTION THE BRIDGE THAT'S UNDER CONSTRUCTION THAT'S FUTURE 1020. 
          GOT IT. OKAY. ANY OTHER QUESTIONS MEMBERS? ALL RIGHT THANK YOU KEVIN. 
          IF THERE'S NO OTHER DISCUSSION THEN I'LL TAKE A MOTION. 
          I'LL MAKE A MOTION TO APPROVE. I'LL SECOND THE MOTION. 
          ALL RIGHT I HAVE A MOTION BY PHIL SECOND BY LARRY TO APPROVE. 
          ALL THOSE IN FAVOR? ALL HANDS CAME UP. SO THAT IS A UNANIMOUS VOTE TO APPROVE. 
          NEXT UP ON OUR AGENDA IS BOARD REQUEST FOR FUTURE AGENDA ITEMS OR REPORTS. 
          HAVE WE ANY MEMBERS? I SEE NONE. HAVE WE A NEED FOR EXECUTIVE SESSION? WE DO NOT. SO I WILL ADJOURN THE MEETING AT 4:07 PM.
* This transcript was compiled from uncorrected Closed Captioning.