Aug 03, 2026 Economic Development Corp. (Type A)

LADIES AND GENTLEMEN, I HAVE 4:45, WHICH IS THE POSTED TIME FOR THE BEGINNING OF OUR MEETING TONIGHT.

[00:00:06]

FIRST ON OUR AGENDA IS ITEM NUMBER TWO CITIZEN APPEARANCES.

SINCE I ACTUALLY SEE WELL, THERE IS A CITIZEN BACK THERE.

HELLO. BUT IF ANYONE WANTS TO TALK TO THIS BOARD, THIS IS A POINT IN THE MEETING WHERE WE DO THAT.

AT THE MOMENT I SEE NO SUCH REQUEST. SO WE'LL MOVE ON TO ITEM NUMBER 3.A AND THAT'S TO CONSIDER AND TAKE POSSIBLE ACTION ON MINUTES FROM THE JULY 20TH MEETING.

[3.A. Consider and take possible action on the minutes from the July 20, 2026 Economic Development Corporation (Type A) meeting. (Staff Contact: Monica Solko, Deputy City Secretary)]

I'LL MAKE A MOTION TO APPROVE THE MINUTES. I GOT A MOTION BY ALEXIS, SECOND BY PHIL TO APPROVE THE MINUTES OF THE LAST MEETING.

ALL THOSE IN FAVOR? MOTION PASSES UNANIMOUSLY.

NEXT UP IS ITEM 3.B TO CONSIDER AND TAKE POSSIBLE ACTION ON AN AMENDMENT TO RESOLUTION 4A-0323-26.

[3.B. Consider and take possible action on an amendment to Resolution 4A032326AmendAnnualBudget by amending the Capital Improvement Plan. (Staff Contact: Randy Morrison, P.E., Director of Capital Engineering)]

THIS WILL BE PRESENTED TONIGHT BY RANDY MORRISON, OUR DIRECTOR OF CAPITAL ENGINEERING.

GOOD AFTERNOON, BOARD PRESIDENT, MEMBERS OF THE BOARD. MY NAME IS RANDY MORRISON, DIRECTOR OF CAPITAL ENGINEERING. THIS ITEM IS FOR BOARD'S CONSIDERATION OF A PROPOSED CIP AMENDMENT FOR THE FY 26 THROUGH 34, A CIP. JUST A QUICK RECAP OF KEY DATES FOR THE 4A CIP, THE 4A BOARD AND CITY COUNCIL ADOPTED THE CIP AS PART OF THE ANNUAL BUDGET PROCESS LAST FALL, AND THEN SUBSEQUENTLY THE 4A CORP AND CITY COUNCIL ADOPTED A CIP AMENDMENT ON OCTOBER 20TH, 2025 AND THEN AGAIN MARCH 23RD, 2026. THIS PROPOSED CIP AMENDMENT INCLUDES ONE CHANGE YOU CAN SEE THERE ON THE SCREEN. THE PROPOSED AMENDMENT INCLUDES ADDING ONE NEW PROJECT, THE HULEN STREET EXTENSION PROJECT FROM SH174 OR WILTSHIRE TO JOHN JONES DRIVE, AND IT WOULD ALLOCATE $1,585,500 IN FOR A CO BONDS CO BOND FUNDING TO PAY FOR THE DESIGN AND MP IN FY 26.

YOU CAN SEE ON, THIS SLIDE SHOWS THE TABLE ADDING THE ONE ADDITIONAL PROJECT TO THE 4A CIP FUTURE FUNDING FOR THIS PROJECT FOR CONSTRUCTION AND FURTHER MP WILL BE CONSIDERED AS PART OF THE FY 27 BUDGET PROCESS WHEN COUNCIL AND THE BOARD CONSIDERS THE FY 27 THROUGH 31 CIP.

THIS SLIDE SHOWS THE FY 26 BOND ISSUANCE PROJECT LIST.

YOU CAN SEE THERE THE WEST SIDE INFRASTRUCTURE AND LAND BANK, HIDDEN CREEK AND I-35.

THOSE ARE TWO PROJECTS THAT WERE ALREADY INCLUDED IN THE CIP. THE WEST SIDE INFRASTRUCTURE IS FOR A CO BOND AT $5 MILLION AND THE LAND BANK AT HIDDEN CREEK PARKWAY AND I-35 WERE FOR A REVENUE BONDS. THOSE WERE INCLUDED IN THE FY 26 BOND ISSUANCE.

BUT I JUST WANT TO NOTE THAT THE HULEN STREET EXTENSION PROJECT THAT WE'RE ADDING TONIGHT IT IS GOING TO BE COVERED UNDER REIMBURSEMENT RESOLUTION AND THEN INCLUDED IN THE FY 27 BOND ISSUANCE. SO IT'S NOT INCLUDED ON THAT LIST.

AND WITH THAT, JUST FOR THE BOARD TO CONSIDER AND TAKE POSSIBLE ACTION ON A RESOLUTION AMENDING THE FOR A FIVE YEAR CAPITAL IMPROVEMENT PLAN FOR FISCAL YEAR 26 THROUGH 30. I'LL BE AVAILABLE IF YOU HAVE ANY QUESTIONS.

THANK YOU. ALL RIGHT. GLAD TO SEE THIS PROJECT COME ALONG.

IT IS ON OUR MASTER THOROUGHFARE PLAN AND WILL BE AN IMPORTANT LINK FOR TRAFFIC AND FOR OTHER PURPOSES.

MEMBERS. ARE THERE ANY QUESTIONS, MR. MORRISON? NONE. ALL RIGHT. IF THERE ARE NO QUESTIONS, THEN WE'LL TAKE A MOTION.

I'LL MAKE A MOTION TO APPROVE A RESOLUTION AMENDING THE FOR A FIVE YEAR CAPITAL IMPROVEMENT PLAN.

OKAY. I HAVE A MOTION BY ALEXA, SECOND BY ADAM TO APPROVE ALL THOSE IN FAVOR.

AND I SEE THAT ITEM PASSES WITH UNANIMOUS VOTE.

THANK YOU RANDY. THANK YOU. NEXT UP IS ITEM FOUR REQUESTS FROM THE BOARD FOR FUTURE AGENDA ITEMS. REPORTS. I SEE NONE AND IS THERE A NEED FOR EXECUTIVE SESSION THIS EVENING? ALL RIGHT THEN WE WILL ADJOURN THE MEETING AT 4:50.

THANK YOU.

* This transcript was compiled from uncorrected Closed Captioning.