[1. CALL TO ORDER]
          [00:00:02]
          GOOD AFTERNOON EVERYONE. WE HAVE IT'S 4:30 P.M.,
AND AS WE HAVE A QUORUM OF THE BURLESON 4A ECONOMIC DEVELOPMENT CORPORATION PRESENT. I WILL CALL THE MEETING TO ORDER. FIRST ITEM ON OUR AGENDA TONIGHT IS CITIZEN
APPEARANCES. 
          [3.A. Consider and take possible action on the minutes from the February 16, 2026 Economic Development Corporation (Type A) meeting. (Staff Contact: Lisandra Leal, Assistant City Secretary)]
DO WE HAVE ANY CITIZENS WHO WOULD LIKE TO ADDRESS THE BOARD ON AN ITEM THAT'S NOT POSTED
ON TONIGHT'S AGENDA? I SEE NO SUCH REQUEST, SO WE'LL MOVE ON TO ITEM 3A,
WHICH IS TO CONSIDER AND TAKE POSSIBLE ACTION ON THE MINUTES FROM FEBRUARY 16TH, 2026 ECONOMIC DEVELOPMENT CORPORATION MEETING. 
          MEMBERS YOU HAVE A COPY IN FRONT OF YOU WHEN YOU HAD A CHANCE TO READ IT I'LL TAKE A
MOTION. 
          MAKE A MOTION TO APPROVE. SECOND. MOTION BY ALEXA,
SECOND BY PHIL TO APPROVE. 
          ALL THOSE IN FAVOR. THAT MOTION PASSES WITH A UNANIMOUS VOTE. 
          [3.B. Consider and take possible action on a resolution authorizing a Performance Agreement between American Completion Tools, Inc., and the Burleson 4A Economic Development Corporation for the business expansion located at 3084 S. Burleson Boulevard. (Staff Contact: Alex Philips, Economic Development Director)]
NEXT UP IS ITEM 3B, WHICH IS TO CONSIDER AND TAKE POSSIBLE ACTION ON A RESOLUTION
AUTHORIZING A PERFORMANCE AGREEMENT BETWEEN AMERICAN COMPLETION TOOLS INC AND THE BURLESON 4A ECONOMIC DEVELOPMENT CORPORATION FOR THE BUSINESS EXPANSION,
LOCATED AT 3084 SOUTH BURLESON BOULEVARD, PRESENTED BY ALEX PHILIPS, ECONOMIC DEVELOPMENT DIRECTOR. 
          THANK YOU, MR. PRESIDENT, 4A MEMBERS ALEX PHILIPS,
ECONOMIC DEVELOPMENT DIRECTOR FOR THE CITY OF BURLESON, HERE 4A PERFORMANCE AGREEMENT THAT WE IN FRONT OF YOU FOR WHAT WE'RE CALLING PROJECT ACT,
AMERICAN COMPLETION TOOLS. 
          IT'S A PRIVATELY OWNED COMPANY DEDICATED TO PROVIDING QUALITY PRODUCTS TO SUPPLY AND
SERVICE THE GLOBAL OIL FIELD MARKET. 
          THEY DESIGN AND MANUFACTURE COMPLETION SERVICE TOOLS. 
          EVERYTHING THAT HAS TO DO WITH FRACKING AS WELL AS CEMENT RETAINERS. 
          THEY EMPLOY OVER 175 TRAINED MACHINISTS IN THEIR LOCATIONS AND OFFER OVER 600 PRODUCTS IN
THEIR PORTFOLIO. 
          THEY SERVE OVER 25 COUNTRIES AROUND THE WORLD FROM THE LOCATION HERE IN BURLESON. 
          SO THE PROJECT IS A BUSINESS EXPANSION OF 20,000FT². 
          THE EXPANSION WILL ADD AN ADDITIONAL 15 JOBS OVER A PERIOD OF A FEW YEARS THAT ARE
MACHINISTS AND CNC OPERATORS WITH WAGES OVER THAT $50,000 A YEAR MARK? THEY ALSO EXTEND THE SEWER LINE DOWN THE 35 SERVICE ROAD TO SERVE THEIR OPERATION,
WHERE IT IS CURRENTLY TODAY AT HAYES AND STOLZ. 
          THE EXISTING HOUSE THAT THEY'RE HOUSED OUT OF ALL THEIR ADMINISTRATIVE STAFF. 
          IT IS A LEGITIMATE JUST HOUSE. IT IS IT WILL BE DEMOED ONCE ALL OF THEIR EXPANSION IS
COMPLETE. 
          HERE'S A COUPLE RENDERINGS OF WHAT THE BUILDING'S GOING TO LOOK LIKE. THEY'RE 20,000FT². 
          SO AMERICAN COMPLETION TOOLS OBLIGATIONS TO COMMENCE CONSTRUCTION ON THE DEVELOPMENT BY
THE END OF THIS YEAR. 
          COMPLETE CONSTRUCTION OF THE DEVELOPMENT BY THE END OF 28. 
          HIRE 15 NEW EMPLOYEES TO POSITIONS WITH IN AMERICAN COMPLETION TOOLS THAT ARE QUALIFIED
JOBS BY THE END OF 28, WITH A MINIMUM RETENTION PERIOD OF ONE YEAR. MAKE A MINIMUM CAPITAL INVESTMENT OF NO MORE. 
          NO LESS THAN $2 MILLION BY THE END OF 28, AND OUR OBLIGATIONS FOR THE 4A ISSUE,
A CASH GRANT ONCE THE SEWER LINE HAS BEEN EXTENDED AND ACCEPTED BY THE CITY OF BURLESON, AND THEN 25 GRAND CASH GRANT UPON THE HIRING OF 15 NEW EMPLOYEES BY THE END OF
28, AND THEN ISSUE A $25,000 CASH GRANT ONCE THE CO FOR THE EXPANSION,
DEVELOPMENT IS COMPLETE FOR A TOTAL OF $100,000. 
          HERE'S THE PERFORMA. YOU CAN SEE THE THEIR CAPITAL INVESTMENT IS REALLY GOING TO BE ABOUT
4 MILLION. 
          SO WE'LL GO ON THE ROLLS FOR ABOUT 2.8. YOU CAN SEE THAT PROPERTY TAX EVERY YEAR COMING IN
OF $20,000 AND SOME CHANGE. 
          AND THEN OUR INCENTIVES OF THE TWO OR THE TOTAL OF $100,000,
THE TEN YEAR ROI OF 111% AND THE 20 YEAR ROI OF 344%. 
          HERE TO ANSWER ANY QUESTIONS OR COMMENTS. QUESTIONS ANYONE. 
          IT'S ALWAYS GOOD TO SEE EXPANSION AND INVESTMENT IN OUR EXISTING PEOPLE. 
          YEAH, LOOKS LIKE A GOOD DEAL. IT HITS MY MY CHECKPOINTS THAT I LIKE TO SEE. 
          IT'S GOING TO CLEAN UP SOMETHING THAT DOESN'T LOOK SO ATTRACTIVE RIGHT NOW. YES,
SIR. 
          ABSOLUTELY. IT'S A GREAT PROJECT. ALL RIGHT. ANY OTHER QUESTIONS? YES, SIR. TAKE A MOTION. I'LL MOVE TO APPROVE. 
          I'LL SECOND. MOTION BY ADAM, SECOND BY ALEXA TO APPROVE. 
          ALL THOSE IN FAVOR. AND THAT MOTION PASSES WITH UNANIMOUS VOTE. 
          [3.C. Consider and take possible action on an amendment to Resolution 4A102025AmendAnnualBudget by amending the Capital Improvement Plan. (Staff Contact: Randy Morrison, P.E., Director of Capital Engineering)]
GOOD JOB ALEX. THANKS. NEXT UP IS ITEM 3C TO CONSIDER AND TAKE POSSIBLE ACTION ON AN
AMENDMENT TO THE RESOLUTION 4A102025 AMEND ANNUAL BUDGET. I LOVE THESE THESE THINGS YOU CAN SPELL OUT AND
THE BURLESON 4A ECONOMIC DEVELOPMENT CORPORATION FOR THE BUSINESS EXPANSION. NO WAY I SKIPPED THE LINE. 
          I'M SORRY. BY AMENDING THE CAPITAL IMPROVEMENT PLAN,
THIS WILL BE PRESENTED BY RANDY MORRISON, DIRECTOR OF CAPITAL ENGINEERING. THANK YOU, MR. PRESIDENT, AND GOOD AFTERNOON 4A BOARD MEMBERS. 
          [00:05:02]
AS YOU KNOW, MY NAME IS RANDY MORRISON, DIRECTOR OF CAPITAL ENGINEERING. THIS ITEM IS FOR
BOARD'S CONSIDERATION OF THE 4A CIP AMENDMENT FOR FY 26 THROUGH 30. I GUESS IT'S WORKING. SO JUST A QUICK RECAP OF THE CIP TIMELINE. 
          AUGUST 18TH, 2025 THE 4A CORPORATION APPROVED THE FY 26 ANNUAL BUDGET. 
          AND THEN FOLLOWING THAT SEPTEMBER, SECOND CITY COUNCIL RATIFIED THAT. 
          AND THEN ON SEPTEMBER 8TH, CITY COUNCIL ADOPTED THE FY 26 ANNUAL BUDGET AND FIVE YEAR CIP. 
          AND THEN ON OCTOBER 20TH, 2025 THE 4A BOARD AS WELL AS CITY COUNCIL AMENDED THE FY 26
ANNUAL BUDGET AND FIVE YEAR CIP. AND THE ITEM THIS EVENING IS TO CONSIDER AN AMENDMENT. 
          AND THIS SUMMARY TABLE THAT YOU SEE ON THIS,
SHEET THIS IS KIND OF A NEW VIEW FOR THOSE OF YOU THAT HAVE SEEN OUR FY 27 CIP, WE'RE CHANGING THE LOOK A LITTLE BIT, BUT THIS IS A SUMMARY TABLE FROM THAT. SO TONIGHT'S
PRESENTATION WILL INCLUDE THE SUMMARY TABLE AS WELL AS THE RED LINES FROM THE OLDER VERSION. BUT JUST WANTED TO MENTION THAT. SO THE THE CHANGES THAT ARE BEING PROPOSED UNDER
THE 4A PROGRAM. 
          WE HAVE OUR ALSBURY PHASE THREE WIDENING PROJECT. 
          THIS JUST SHIFTED THE ALLOCATION OF THE, 4A FUNDING FROM 27 AND 28 TO 28 AND 29. 
          THE ALLOCATIONS DON'T CHANGE. IT JUST SHIFTS IT OUT AND IT BETTER ALIGNS WITH OUR PROJECT
SCHEDULE. 
          THE LAKEWOOD DRIVE EXTENSION PROJECT, THIS SHIFTED THE,
4A ALLOCATION FROM FY 27 TO 28. 
          AND THAT BETTER ALIGNS WITH THE PROJECT SCHEDULE AND POTENTIAL FUTURE FEDERAL FUNDING. 
          THEN THE LAND BANK AT HIDDEN CREEK PARKWAY AND I-35. 
          THIS IS A SMALL INCREASE BY $26,519 TO MATCH THE ACTUAL COST ON THE ACQUISITION. 
          AND THAT WAS JUST DUE TO CLOSING COSTS TO COMPLETE THAT TRANSACTION. 
          THE HOOPER BUSINESS PARK SIGN THAT ITEM IS BEING REMOVED FROM THE CIP BECAUSE WE DON'T WE
CAN'T ACTUALLY ISSUE BONDS FOR THAT ITEM. 
          SO THAT WILL BE CONSIDERED IN THE FUTURE AS POSSIBLE CASH FUNDED ITEM. 
          AND THEN LAST, SHIFTING THE FUTURE PROJECT THAT WAS LISTED IN THE 4A CIP,
THAT SHIFTING THAT ALLOCATION FROM FY 28 TO FY 29 TO ALIGN WITH FUTURE PROJECT OPPORTUNITIES. SO MOVING FORWARD WITH THE RED LINE VERSION,
THIS SHOWS ALL THOSE CHANGES THAT I MENTIONED THERE. SO YOU COULD SEE SHIFTING OF THE ALLOCATIONS AND REMOVING
THE HOOPER BUSINESS PARK ITEM HOOPER BUSINESS PARK SIGN ITEM. 
          AND THAT CONCLUDES THE CHANGES. THIS IS A SUMMARY OF THE FY 26 BOND ISSUANCE. 
          JUST A PLAN OF THE TWO PROJECTS THAT WE WOULD BE ISSUING BONDS FOR THE WEST SIDE
INFRASTRUCTURE AT 5 MILLION AND THE LAND BANK AT HIDDEN CREEK PARKWAY AND I 35. AND THAT THAT DOLLAR AMOUNT HAS INCREASED. 
          THEY'RE SHOWING THE $26,519. THAT CONCLUDES MY PRESENTATION. 
          I'LL BE AVAILABLE IF YOU HAVE ANY QUESTIONS. THANK YOU. 
          QUESTIONS ANYONE? I HAVE NONE. WE'VE SEEN THIS COMING AND EXPECTED IT,
SO I'LL TAKE A MOTION IF YOU'RE READY. I'LL MAKE A MOTION TO APPROVE. 
          SECOND. MOTION BY LARRY, SECOND BY ADAM TO APPROVE. 
          ALL THOSE IN FAVOR? ALL HANDS CAME UP THAT PASSES BY UNANIMOUS VOTE. 
          NEXT UP IS ITEM FOUR. BOARD REQUEST FOR FUTURE AGENDA ITEMS OR REPORTS. 
          HAVE WE ANY. HAVE WE A NEED FOR EXECUTIVE SESSION? ALL RIGHT. WITH THAT, WE WILL ADJOURN THE MEETING AT 4:39 P.M..
* This transcript was compiled from uncorrected Closed Captioning.