[1. CALL TO ORDER AND CERTIFICATION OF A QUORUM]
[00:00:03]
CLINTON WILLIAMS, ISRAEL GARCIA, PATRICK SPIES.
OKAY, THANKS FOR EVERYONE WHO'S ATTENDING TONIGHT.
UH, HOW ABOUT THE INVOCATION AND PLEDGE? MATT, YOU WANNA YES, SIR.
WANNA RUN THE SHOW? HEAVENLY FATHER, IN OUR HEARTS, WE PLAN OUR COURSE, BUT WE PRAY THAT YOU ESTABLISH OUR STEPS.
I PRAY THAT WE SEEK YOU FOR ADVICE.
LET US NOT MAKE DECISIONS BASED UPON WHAT WE KNOW, BUT LET US ACT BASED UPON YOUR WISDOM.
REPLACE THIS MEETING IN YOUR HANDS.
TO THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS.
ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL.
[3. STAFF UPDATE]
WE'LL GO FOR A STAFF UPDATE.UM, SO UPDATE ON THE WATER STREET PARKING GARAGE.
UM, WE NOW HAVE REIMBURSEMENT REQUESTS IN FOR ROUGHLY TWO AND A HALF MILLION DOLLARS TO DATE.
UM, CHALLENGE HERE, UH, JUST TO MAKE EVERYONE AWARE, DUE TO THE GOVERNMENT SHUTDOWN, UH, WE HAVE NOT RECEIVED THEIR, OUR MOST RECENT REIMBURSEMENT FROM THE EDA.
UM, NOR CAN WE COMMUNICATE WITH THE EDA.
OUR EMAILS ARE GETTING KICKED BACK SAYING THAT THEY'RE OH, NICE.
BY THE SHUTDOWN, UH, AND UNABLE TO VIEW OR RESPOND TO ANY OF OUR REQUESTS.
SO I'M ASSUMING THEY DON'T EVEN HAVE THE CURRENT KF THAT WE GAVE THEM, UH, WHICH IS ROUGHLY 1.1 MILLION.
UM, HOPEFULLY THE SHUTDOWN WILL END SOON AND WE WILL BE, UH, GET BACK ON TRACK WITH THEM AS, AS QUICKLY AS WE CAN.
HAVE, HAVE YOU, UM, BECAUSE I I I'M READING THINGS WHERE, UH, YOU KNOW, THERE THERE'S BEEN SOME TALK OF, HEY, UH, IF WE CAN CUT THINGS THAT WE'RE SUPPOSED TO BE PAID AND WE'RE NOT GONNA PAY 'EM DURING THE SHUTDOWN, AND THEN WE JUST ARE GONNA ELIMINATE THOSE THINGS FROM THE BUDGET.
UM, DO YOU, HAVE YOU ASSESSED ANY RISK AROUND THAT? UH, UH, I, I'M ASSUMING THERE IS SOME RISK, UM, JUST BASED ON, YOU KNOW, WHAT WE WENT THROUGH, WE WERE READY TO GO, RIGHT? DESIGN WAS COMPLETE.
WE WERE READY TO, TO ISSUE OUR RFP BACK IN SEPTEMBER OF, WHAT WAS THAT, 2024.
UM, THE EDA WOULD NOT TOOK SIX MONTHS TO GIVE US APPROVAL TO EVEN GO OUT FOR BID.
EVEN THOUGH WE, WE BROUGHT THAT UP.
I ASKED PATRICK, I SAID, HEY, CAN YOU, WE FILE FOR AN EXTENSION BASED ON THAT? RIGHT.
THAT WAS A SIX MONTH DELAY ON YOU GUYS RIGHT.
CAN WE AT LEAST GET A SIX MONTH DELAY, WHICH BY THAT TIME, OUR, THE GARAGE WOULD BE DONE.
AND AND MY UNDERSTANDING IS THAT WAS A BIG HARD NO.
UM, SO I AM NOT HOLDING OUT HOPE THAT WE'RE GONNA GET ANY GRACE, UM, DUE TO THE SHUTDOWN.
SO, SO WHAT'S OUR EXPOSURE? OUR EXPOSURE NOW? UM, WE PROBABLY NEED TO GET ANOTHER, PROBABLY A MILLION, 2,000,003 SUBMITTED.
SO, SO IT WOULD BE ROUGHLY, UH, 66% OF THAT NUMBER.
BUT IF THEY, BUT IF THEY CUT THE FUNDS ALL TOGETHER, THERE'S NO WAY WE'D BE ABLE TO AFFORD TO DO IT ON OUR OWN.
WELL, I THINK I, I THINK WE PROBABLY AT THIS POINT WE'RE PROBABLY STUCK.
WE'D HAVE TO FIGURE OUT HOW TO DO IT.
SO I THINK, I THINK IT'S A, IT'S DEFINITELY A CONCERN, UM, THAT I HAVE AND SOMETHING THAT, THAT WE'RE, WE'RE IN COMMUNICATION, YOU KNOW, SEVERAL TIMES A WEEK WITH PATRICK.
JUST TO KIND OF DO A, JUST A RISK RISK ASSESSMENT.
YOU KNOW, HERE'S OUR EXPOSURE, HERE'S OUR CONTRACTUAL OBLIGATIONS.
YOU KNOW, HERE'S, HERE'S WHAT WOULD HAPPEN IF, YOU KNOW, IF SOME, YOU KNOW, IF THE MONEY DIDN'T COME OR IF IT COMES AT THIS DATE OR THAT DATE.
SO WHEN WE SUBMIT A REQUEST, SO JUST TO KEEP THE MATH EASY, WE SUBMIT A REQUEST FOR A MILLION DOLLARS, WE GET, WE HAVE TO, ONE, WE HAVE TO PAY IT FIRST.
AND THEN WE GET REIMBURSED AT 66%.
SO, UM, TO FULLY CAPTURE THE 3 MILLION, WE REALLY NEED TO BILL LIKE, AROUND AROUND 4.3 OR SOMETHING.
WE, WE, WE, PAT PATRICK HAS A SPREADSHEET WITH EXACTLY HOW MUCH WE NEED TO, WHAT WE NEED TO GET TO.
UM, WE'RE WORKING WITH F FLINTCO CONSTANTLY AND MAKING SURE THAT WE GET TO THAT NUMBER.
UM, BUT WITH THIS, WITH THE SHUTDOWN, YOU KNOW, I'M FINE AS LONG AS WE GET EVERYTHING IN RIGHT.
I, I, BY THEIR, BY THEIR DEADLINES, I WOULD THINK
[00:05:01]
WE WOULD AT LEAST HAVE THE CASE OF, HEY, YOU GUYS WERE SHUT DOWN, BUT WE'VE GOT EVERYTHING INTO YOU, AND THEN WE SHOULD, WE SHOULD GET THAT REIMBURSEMENT.IT WOULD BE GOOD JUST TO KIND OF UNDERSTAND THE, THE, THE, THE RISKS AND THE OFFENSES.
JUST, JUST, JUST SO WE KNOW, AND THEN, THEN WE CAN HAVE CONTINGENCIES.
WELL, YEAH, NO, I, I SEE IT AS A VERY REAL RISK, UM, JUST BECAUSE I THINK, YOU KNOW, ONE, THEY'VE BEEN VERY UNPREDICTABLE AND, AND, AND UNRESPONSIVE YEAH.
JUST TO DATE UNDER NORMAL OPERATIONS.
SO, UM, IT IS, IT IS ABSOLUTELY A, UH, I CONSIDER IT A VERY LARGE RISK FOR US AND SOMETHING THAT WE'RE, THAT PATRICK AND MYSELF AND SARAH CLARK ARE SPEAKING SEVERAL TIMES A WEEK OF THAT.
UM, SO AS FAR AS THE CONSTRUCTION ON THE SITE, UM, SO, UH, THEY'RE, THEY'RE WORKING ON, ON THE, ON THE DRAINAGE AND SITE UTILITIES ARE BEING WORKED ON.
UH, THE DETENTION IS COMPLETE.
THE DETENTION POND HAS BEEN DUG, AND THE BUILDING PAD IS, IS ROUGHLY 60% COMPLETE.
UM, THIS, UH, CAITLIN WAS AT THE STELLA HOTEL ON, UH, PERSONAL TRAVEL AND TOOK SOME OF THESE PICTURES.
UH, THIS IS SORT OF, THIS IS THE STELLA HOTEL, WHICH WE'VE TALKED ABOUT BEING PART OF THE, THE, THE SORT OF THE MODEL FOR THE HOTEL AT WATER STREET.
UM, SO WE THOUGHT WE'D SHARE SOME OF THESE PHOTOGRAPHS WITH, WITH EVERYONE.
UM, I KNOW SOME FOLKS HAVE MADE IT UP THERE, OTHERS HAVE NOT.
SO, SO WE TOOK THE OPPORTUNITY TO SHARE SOME PHOTOGRAPHS.
ON THE PARK VIEW, UH, WE'RE CONTINUING TO WORK WITH ALLIANCE RESIDENTIAL TO RESOLVE SOME PERMITTING ISSUES.
UM, THERE ARE 14 SEPARATE PERMITS AND ROUGHLY 3000 PAGES TO BE REVIEWED BY, UM, OUR PERMITTING TEAM.
UM, ALLIANCE LATELY WAS REQUESTING FINAL PLAT ALONG WITH ALL THE PERMIT APPROVALS ALL AT ONCE, WHICH IS TYPICALLY, YOU KNOW, WE DON'T, YOU KNOW, WE ISSUE ONE AND WE ISSUE THE NEXT AND SO FORTH AND SO ON.
THEY WANT EVERYTHING AT ONE TIME.
UM, WE TOLD THEM WHEN WE MET WITH THEM THAT WE WERE GONNA WITHHOLD FINAL PLAT.
SO WE'RE WORKING WITH MYSELF, COMMUNITY DEVELOPMENT, AND OUR CITY ATTORNEY, UM, TO, TO NEGOTIATE THROUGH THAT WITH THEM.
I THINK WE'VE GIVEN THEM SOME, SOME OPTIONS TO, TO MOVE FORWARD AS DESIRED.
UM, UM, SO HOPEFULLY WE, WE CAN, WE CAN GET TO A AMICABLE, UH, RESOLUTION ON THAT.
UM, I HAVE ALSO SPOKEN TO BRAD ELMORE, WHO'S THE DEVELOPER OVER THE ENTIRE PROJECT, AND HE FEELS CONFIDENT THAT, THAT, THAT, WE'LL, WE'LL GET SOME TO, TO HAPPEN.
UM, SO THAT'S THE LATEST ON THAT.
AS OF RIGHT NOW, I HAVE NO CHANGE TO THE NOVEMBER 1ST SHOVELS IN THE GROUND ON PARKVIEW, UH, MULTIFAMILY BODY VILLAGE.
UM, I'VE GOT SEVERAL SLIDES ON BAYOU VILLAGE FOR EVERYONE TONIGHT.
UM, WE'VE HAD, I'VE HAD MULTIPLE WORKING SESSIONS, UM, POS PROJECT, FEASIBILITY AND LAYOUT WITH COLLABORATE.
UM, WE PERFORMED A FINANCIAL, UH, ANALYSIS ON THE DEVELOPMENT, UM, AS FAR AS AT LEAST WHAT WE'RE GONNA GET ON ON THAT SIDE.
UM, THERE IS AN INVESTOR SITE VISIT SCHEDULED, UM, FOR OCTOBER 21ST.
THEY WILL BE HERE IN DICKINSON.
UM, SO I'LL BE WORKING WITH COLLABORATE TO SHOW THEM THE SITE AND AROUND AND AROUND THE CITY.
UM, I HAVE MET WITH MULTIPLE, UH, AS EVERYONE KNOWS, THERE'S, THERE'S A, A YOUTH ATHLETICS COMPONENT TO THIS MULTI MULTIPURPOSE, UM, DEVELOPMENT.
I'VE MET WITH SEVERAL, UM, YOUTH ATHLETIC OPERATING COMPANIES.
THESE ARE NATIONAL COMPANIES THAT ARE VENTURE CAPITAL BACKED AND DO THIS NOT JUST HERE IN TEXAS, BUT ALL OVER THE COUNTRY.
UM, THE STATISTICS PROVIDED, UH, BY THESE COMPANIES AND THE FEEDBACK RECEIVED SHOW A SUBSTANTIAL OPPORTUNITY TO DRAW MANY VISITORS TO OUR CITY, UM, NOT JUST OVER THE WEEKENDS, BUT EVEN THAT, BASED ON THE STATISTICS, THESE FIRMS BELIEVE THAT.
UH, AND, YOU KNOW, ONE OF THE COMMENTS THAT WE'VE GOT FROM TWO FIRMS IS YOU'RE GONNA NEED ANOTHER HOTEL.
THIS IS EVEN AFTER I TOLD THEM ABOUT THE WATER STREET HOTEL.
UM, SO WORKING WITH, COLLABORATE ON WHAT MIGHT BE A GOOD HOTEL SITE ON THE 58 ACRE.
UM, YEAH, IN SEVERAL MEETINGS WITH COLLABORATE,
[00:10:01]
AND WHEN I SAY SEVERAL, I MEAN ALMOST DAILY FOR THE, FOR THE LAST WEEK, IN FACT, SAUL WAS IN HERE THIS AFTERNOON.UM, UH, I DID PROVIDE THEM AN ALTERNATE SITE PLAN.
SO AFTER I'VE MET WITH A COUPLE OF THESE OPERATING COMPANIES, UM, AND I TALKED TO A FEW POTENTIAL RETAILERS AND, UH, HEALTHCARE FACILITIES AND THINGS OF THAT NATURE, UM, I KIND OF REVAMPED THE ORIGINAL SITE PLAN ON, ON THE ENTIRE PROJECT.
UM, SO PART OF MY PREVIOUS CONSTRUCTION BACKGROUND INCLUDED FACILITIES PLANNING AND WORKING WITH ADJACENCIES.
SO I JUST WORKED WITH THE ADJACENCIES, CHANGED SOME THINGS AROUND, MET WITH THEM ABOUT IT, THEY, YOU KNOW, THEIR THUMBS UP ON IT.
UM, AND, UH, YOU KNOW, WE'RE, WE'LL BE LOOKING AT THAT.
UM, I, I DID SPEAK WITH AN ENTITY THAT MAY BE INTERESTED IN A 30 TO 40,000 SQUARE FOOT LOCATION ON PHASE PHASE TWO.
UM, ALSO WAITING FOR A REPORT, UM, ON THE YOUTH YOUTH ATHLETICS INDUSTRY.
UM, THE REPORT IS NOT FINAL YET, BUT IT IS ANTICIPATED THAT THIS REPORT IS GOING TO SHOW YOUTH ATHLETICS TO BE TWO AND A HALF PERCENT OF THE ENTIRE US GROSS DOMESTIC PRODUCT.
WHAT POINT IN TIME? UM, I, I DON'T KNOW THE EXACT DATES.
I'M GONNA ASSUME IT, IT'S, IT WOULD BE UP TO 2024.
STATS ARE STILL SPIKE ON LIFT.
UM, THINKING OF RETAIL RECRUITMENT, WE HAVE SEVERAL PIECES OF DATA THAT STAND OUT.
UM, WE, WE'VE BEEN RESEARCHING SEVERAL THINGS AND TALKING TO SEVERAL FIRMS. UH, OVERALL COMMERCIAL DEMAND IN, IN THE CITY OF DICKINSON IN OUR AREA IS 465 MILLION.
COMMERCIAL CURRENT CURRENTLY IS ROUGHLY 120 SOME MILLION DOLLARS BELOW THAT, UH, AS WE SEE IN OUR LEAKAGE REPORTS, WE HAVE ROUGHLY 88% OF OUR RETAIL THAT ACTUALLY LEAVES THE CITY.
SO WHEN WE TALK TO POTENTIAL RETAILERS FOR SOME OF THESE DEVELOPMENTS, THESE ARE KEY DATA POINTS THAT I'M GONNA BE SHARING AND I WANTED TO SHARE WITH THE BOARD SO THAT YOU GUYS HAVE THEM AS WELL.
UH, ONE OF THE KEY THINGS THAT STUCK OUT IS OUR OVERALL FULL SERVICE DINING DEMAND, UM, IS ROUGHLY 25 AND A HALF MILLION.
OUR OVERALL FULL SERVICE CURRENTLY IS JUST OVER 3 MILLION.
SO WHERE DO WE GET THE DEMAND NUMBER FROM? UH, THESE ARE THE COMPANIES THAT PULL THE DATA AND DO THE DATA ANALYSIS.
SO, SO THEY'RE LOOKING AT, THEY'RE LOOKING AT PEOPLE IN AND AROUND DICKINSON.
AND SO, AND THEY'RE LOOKING AT ALL THE, THE, THE RETAIL KIND OF START MACRO HOUSTON AREA, RIGHT.
AND START DRILLING DOWN, YOU KNOW, LEAGUE CITY DICKINSON, UM, AND DRILL DOWN, DRILL DOWN FROM THERE.
SO, SO WHAT WE'RE ALSO TRACK, SO IS, IS THIS SAYING THEN THAT WE HAVE $23 MILLION OF GROWTH OF, OF, OF GROWTH POTENTIAL.
IF, IF, IF WE OR SIT DOWN DINING.
SO PART OF THAT TOO IS THEY TRACK CELL PHONES, NOT, YOU KNOW, THEY DON'T KNOW THAT DEREK CO DROVE FROM HERE TO HERE, BUT THEY'RE TRACKING CELL PHONES AND SAY, OKAY, THIS PERSON LEFT THEIR RESIDENCE IN DICKINSON AND THEY DROVE TO LEAGUE CITY AND SAT AT IN THE PARKING LOT OF THIS SIT DOWN RESTAURANT.
AND, AND THE DATA TELLS US THAT THIS SIT DOWN RESTAURANT, UH, TYPICALLY A DINNER FOR TWO IS GONNA COST X.
RIGHT? AND, AND THAT'S PART OF WHAT THEY ALL THIS DATA AND THAT'S HOW THEY COME UP WITH THESE FIGURES, RIGHT? UM, IT'S A VERY INTERESTING SOFTWARE.
I DON'T THINK WE'RE QUITE READY FOR IT AS SOME OF THESE THINGS START TO COME ONLINE IN OUR, IN OUR FOCUS, OR MY FOCUS, I SHOULD SAY, SHIFTS FROM THESE, THESE LARGER DEVELOPMENTS TO RETAIL RECRUITMENT.
IT'S PROBABLY SOMETHING I'M GONNA WANT TO INVEST IN.
WHAT'S THE NAME OF THE COMPANY? UH, PLACER.
ARE THAT A CANADA, I'M NOT SURE.
UM, IT'S SORT OF THE, THE GOLD STANDARD OF, YOU KNOW, LIKE BOB SELLING SLOW AND WOLF AND COMPANY.
THIS IS, YOU KNOW, WHAT THEY USE.
UM, YOU KNOW, UH, WAS IT QUEST PROPERTIES LIKE THIS IS, THIS IS SORT OF THE, THE ONE THAT THAT MAKES IT, OKAY, HERE'S MY LOCATION, RIGHT? WHAT MATCHES, RIGHT? UM, IT WAS INTERESTING THAT, UM, I HAD 'EM DO ONE PROPERTY AND THEY RAN IT, AND RIGHT AWAY IT SPIT OUT A HIGH END STEAK HOUSE AT THIS LOCATION IS A 100% MATCH.
SO, AND I HAPPEN TO, I HAVE A WAY IN FOR, FOR THAT PARTICULAR STEAKHOUSE.
AND IT'S NOT JUST FROM BEING A FREQUENT CUSTOMER.
[00:15:03]
UM, YEAH, SO IT WAS VERY INTERESTING TO SEE SOME OF THE THINGS THAT, THAT, UM, EVERYTHING FROM, YOU KNOW, RESTAURANTS, FURNITURE, FURNITURE, GAS STATIONS, YOU NAME PLUG IN DIFFERENT ADDRESSES, IT'S GONNA TELL YOU WHAT THAT BEST MEANS, YOU KNOW, HIGH AND IT'S ALL DRIVEN HIGHEST BEST USE.UM, THE ONLY THING THAT IT DOESN'T HAVE, UM, IS THE ABILITY TO FILTER, WHICH, WHICH I DID, I I ASKED ABOUT THIS.
DOES IT FILTER BETWEEN SALES TAX GENERATING BUSINESS AND NON SALES TAX GENERATING BUSINESS? IT DOESN'T MATTER.
UM, BUT I CAN FIGURE THAT OUT ON MY END.
UM, SO DATA ALSO SHOWED, UH, UH, A SHORTAGE OF QSRS, UH, NOT NEARLY THIS, THIS SIZE GAP, BUT, UM, THAT WOULD DEFINITELY HAVE ROOM FOR GROWTH IN OUR QSRS AS WELL.
UM, AGAIN, QSRS IN FULL SERVICE WILL ABSOLUTELY WANT PAD SITES ON BAYOU VILLAGE.
UM, SPECIFICALLY EITHER THE 14 ACRES OR THE 58 ACRES.
UM, THE RETAIL, UH, LEVERAGING VISITORS, UH, TO THE CITY AS WELL AS ADJACENT DEVELOPMENTS IN TEXAS CITY.
UH, RETAIL WILL WANT LOCATIONS OFF OF FM FIVE 17.
AND THIS GOES A LITTLE BIT DEEPER THAN JUST OFF OF FIVE 17 AT OUR BAYOU VILLAGE.
SO, AS I'VE KIND OF SAID BEFORE, I EXPLAINED THIS TO SOME FOLKS, IF YOU THINK ABOUT US AS A STRIP SHOPPING CENTER, BAYOU VILLAGE IS OUR ANCHOR STORE ON THE FAR EAST END.
SO WHAT THIS ANALYSIS IS TELLING US IS THAT IF WE INVEST IN THE BAYOU VILLAGE ON THE FAR EAST END, ALL RETAIL AND AVAILABLE SITES DOWN FIVE 17 FROM BAYOU VILLAGE TO 45 ONCE GOES IN WITH VARIOUS RETAIL ESTABLISHMENTS.
'CAUSE THAT THAT TRAFFIC'S GONNA COME RIGHT DOWN THERE AND THEY'RE GONNA WANNA CAPTURE THAT.
UM, ATHLETIC VENUES WILL BOOST THE TRAFFIC COUNTS THAT WE NEED.
THE, UM, MULTIFAMILY AND RESIDENTIAL ELEMENTS ARE GONNA PUSH US UP OVER INTO THAT 25,000 SORT OF THRESHOLD, WHICH IS THAT, THAT BASELINE, UM, UM, COUPLE, ALL OF THAT WITH THE PREVIOUS DATA THAT I JUST SHARED, UM, MAKES THIS LOCATION A TRAFFIC, UH, UH, ATTRACTION ATTRACTIVE TO NATIONALLY RECOGNIZED BRANDS.
AND, AND THAT'S THE FEEDBACK THAT WE ARE GETTING DIRECTLY FROM SOME OF THOSE NATIONALLY RECOGNIZED BRANDS.
SO, UM, I WANTED TO SHARE A LITTLE BIT OF DATA.
THIS IS HIGH LEVEL DATA, UM, ON YOUTH SPORTS IN THE UNITED STATES.
AS I MENTIONED, IT'S EXPECTED TO COME OUT ABOUT TWO AND A HALF PERCENT OF THE, OF THE US GDP, UM, AT LEAST THIS REPORT.
AND THAT'S, I SHOULD COUPLE THAT WITH.
THAT'S THE ENTIRE ECONOMIC IMPACT, RIGHT? SO THAT'S NEW SPORTS AND WHAT WE'RE SPENDING, UM, YOUTH SPORTS ITSELF, THE DOLLARS THAT ARE BEING GENERATED RIGHT NOW, UH, 2021 WAS A $36.9 BILLION INDUSTRY THIS YEAR.
2025 IS EXPECTED TO HIT FIF JUST ABOVE 56 BILLION.
2028 IS EXPECTED TO BE 65.1 BILLION.
AND THEN WE FAST FORWARD TO 2035 COMING IN AT $154.5 BILLION INDUSTRY.
SO WHILE WE'RE NOT AT THE VERY FRONT IN 2021, WE ARE CERTAINLY, UM, GOOD SPOT WITHIN THE CURRENT.
SO, SO WHAT'S INCLUDED IN, IN, IN, LIKE, WHAT, WHAT, WHAT'S THE, AS YOU'RE, AS YOU SEE IT, WHAT, WHAT'S THE BENEFIT AND OPPORTUNITY FOR, FOR DICKINSON? UH, THE, I MEAN, AS, AS I JUST EXPLAINED, WE'RE GONNA GET THE TRAFFIC COUNTS OUT.
SO OUR DAYTIME, OUR, OUR, OUR, OUR TAURUS NUMBERS ARE GONNA GO THROUGH THE ROOF, RIGHT? SO THEY'RE IN, IN SPEAKING WITH SOME OF THESE OPERATORS.
WHEN YOU, WHEN YOU THINK ABOUT THE ELEMENTS THAT WE'VE GOT PLANNED AND DISCUSSED, IF THOSE ELEMENTS HAPPEN, UM, THEY'RE TALKING ABOUT, UM, ROUGHLY 4,000 YOUTH, WHICH DOES NOT INCLUDE MOM, DAD, SIBLINGS, RIGHT.
RIGHT? SO, SO THAT 56 BILLION IS, UH, MONEY THAT PEOPLE SPEND ON HOTELS, DINING YEAH.
THE 56 BILLION, THAT'S JUST WHAT THEY'RE SPENDING ON THE SPORTS, THE FEES, THE MONTHLY.
SO, SO, UM, NOTHING ANCILLARY, NOT, NOT THE ANCILLARY.
NOW THE, THE, THAT LARGE REPORT THAT, THAT I'M WAITING TO COME OUT, UM, THAT'S GONNA INCLUDE ALL THE ANCILLARY, RIGHT? UM, THE, THE ONLY, THE LAST REPORT WAS DONE, SORRY, ONE SECOND, MATT.
[00:20:01]
UH, THE LAST REPORT WAS DONE IN 2021.AND, AND THAT INCLUDED ANCILLARIES.
SO THAT 36 BILLION IN 2021 GENERATED ANCILLARIES UP IN THE 90 BILLION RANGE.
SO WE, WE ANTICIPATE IF WE PUT SPORTS FACILITIES AT THE BAYOU VILLAGE LOCATION, THAT WE'RE GONNA START TO GET PEOPLE COMING AND PARTICIPATING IN ALL OF THAT TRAFFIC'S GONNA COME IN.
AND, AND IT'S, IT'S, UM, IT, IT, IT IS GAINING A LOT OF ATTENTION, UM, OUTSIDE I, I, I MENTIONED TO, TO MR. COKER, JUST WE WERE, WE WERE TALKING EARLIER, UM, AT FOUR O'CLOCK I EMAILED, UM, A SOCCER ORGANIZATION THAT, THAT MANAGES SOCCER FACILITIES AND RUNS TEAMS AND TOURNAMENTS.
THEY WERE BACK TO ME INSIDE AN HOUR.
YEAH, WE'D LIKE TO MEET, YOU KNOW, ONE THING THAT I'M, I'M SURE THE COUNCIL WILL PROBABLY WANT TO KNOW ONCE THESE PROJECTS COME CLOSER TO STARTING AND PLANNING AND, AND GET THE NEEDED SUPPORT, UM, HAVE, HAVE WE OR ANYONE ON COUNCIL ASKED THE QUESTION, HOW DOES OUR CURRENT, LIKE POLICE STAFF AND EMS, UM, HOW HAVE THEY BEEN ABLE TO KIND OF UNDERSTAND WHERE, WHERE WE'RE TRYING TO GO AND WHERE WE WANNA BE, LET'S SAY IN, IN OVER A NEXT 10 YEAR PLAN? AND DO THEY HAVE ANY IDEA OF HOW THEY WOULD PLAN FOR THEIR STAFFING NEEDS FOR THE REQUIREMENT OF THAT GROWTH AND THE ADDITIONAL TRAFFIC AND ALL THOSE THINGS THAT COME WITH IT? IT SEEMS THAT WE NEED TO BE PROBABLY THOUGHTFUL WITH REGARDS TO BRINGING SOME OF THOSE LEADERS IN MM-HMM
TO MAKE SURE THAT THEY'RE AWARE THAT, YOU KNOW, WE, WE ARE CONTEMPLATING SOME SIGNIFICANT GROWTH HERE IN THE NEXT 10 YEAR PERIOD.
RIGHT? AND, AND, AND REALLY TOO, I, I HADN'T THOUGHT ABOUT THAT.
UM, I'LL, I'LL START TALKING TO SOME FOLKS AND, AND AT LEAST PLANNING THE BUG AND, AND GETTING IN THEIR EAR.
I HAD ONLY THOUGHT ABOUT, UM, THE ADDITIONAL, UM, JOB OPPORTUNITIES FOR THEM.
SO FOR EXAMPLE, YOUTH FOOTBALL HAVE TO HAVE AN AMBULANCE ON SITE, RIGHT? SO THAT'S GONNA BE EXTRA HOURS FOR OUR EMS STAFF.
UM, THESE VENUES VERY OFTEN WILL HAVE AT LEAST ONE, IF NOT TWO OFFICERS.
UM, YOU KNOW, THERE'S WORKING SECURITY, SO O OVERTIME OPPORTUNITIES FOR THEM.
I TH I HAD MORE THOUGHT ALONG THOSE LINES, BUT, BUT YOUR POINT IS, IS A, IS A GREAT ONE THAT PROBABLY IF, YOU KNOW, WITH, WITH THE GROWTH THAT THE, THAT THESE PROJECTS CAN BRING, UH, BOTH, BOTH ON WATER STREET, PARKVIEW, AS WELL AS BACK VILLAGE, THERE, THERE'S DEFINITELY GONNA BE, YOU KNOW, PROBABLY, YOU KNOW, JUST ANTICIPATE INCREASED SERVICE CALLS AND, AND, AND NEEDS.
SO, UM, THAT'S A POINT VERY WELL TAKEN AND, AND I WILL START TO WORK ON THAT.
MATT, DID YOU HAVE A QUESTION? NO.
I THOUGHT I SAW YOUR HAND GROWING UP.
NO, I WAS MAYBE THINK, I'M THINKING WE, WE, UH, HIT IT ALONG THE WAY.
UM, SO, UM, YOU KNOW, MY OPINION, AT LEAST IN MESSAGE TO THE BOARD IS I HAVE, I HAVE LOOKED AT A LOT OF DIFFERENT THINGS.
I'VE LOOKED AT GRAND, GRANDIOSE PLANS THAT FAIL.
WHAT WE, SO WHAT I'VE DONE IS REALLY CARVED THIS DOWN INTO WHAT IS MANAGEABLE AND ACTUALLY HAVE GOTTEN MUCH BETTER RECEPTION AND FEEDBACK FROM SOME OF THESE OPERATORS, UM, THAT THE SCALE IS MORE ONLINE.
A LOT OF, IF YOU RESEARCH THIS, IF YOU GOOGLE SOME OF THIS ONLINE AND YOU LOOK AT THESE MASSIVE 16 FOOTBALL FIELDS, 25 BASEBALL SOFTBALL FIELD, YOU LOOK AT THESE TYPES OF COMPLEXES AND CITIES SPENT LITERALLY A QUARTER OF A BILLION DOLLARS, AND IT ABSOLUTELY WENT UNDER, RIGHT? SO ONE OF THE THINGS THAT, THAT WE'RE, WE'RE LOOKING AT IS YOU KEEP THIS SMALL, YOU, YOU KNOW, RELATIVELY SMALL MEETS THE NEED, RIGHT? BRINGS IN THE DESIRED TRAFFIC, BUT KEEPS IT MANAGEABLE, RIGHT? THE THING THAT WE DON'T WANT TO DO IS GO TWO GRAND, RIGHT? SO KEEP IT, KEEP IT SMALLER AND MANAGEABLE.
UM, SO WE'VE SHIED AWAY FROM, UM, I THINK THE INITIAL PLAN WAY BACK WHEN, WHICH, WHICH WAS LIKE 16 BASEBALL FIELDS, A BIG INDOOR VOLLEYBALL, BASKETBALL, SOCCER FACILITY.
THAT WOULD'VE COST, PROBABLY JUST LOOKING AT IT, IN MY EXPERIENCE, DOING ATHLETIC VENUES PROBABLY $60 MILLION.
LIKE, THAT'S NOT, THAT'S NOT, I THINK THAT THAT'S AN OVERSPEND.
I THINK WE'RE BRINGING THIS INTO A GOOD SPEND, UM, THAT'S GOING TO ACHIEVE THE DESIRED RESULTS.
LIKE, I THINK WHERE SOME OF THESE, IN, IN LOOKING
[00:25:01]
AT THE CASE STUDIES THAT I'VE LOOKED AT, I THINK WHERE SOME OF THESE FOLKS SORT OF WENT AWRY, RIGHT? IS THEY WENT FAR TOO GRAND, RIGHT? AND JUST GOT, GOT THEMSELVES IN A HOLE, UM, THAT THEY COULDN'T DIG OUT OF, RIGHT? UH, I, I EVEN LOOKED, READ ONE CASE STUDY.I WAS, I WAS TALKING TO THE CITY ATTORNEY EARLIER TODAY, BUT ONE CASE STUDY TOUTED ITSELF AS A HUGE SUCCESS.
THEY WERE MAKING THREE OR $4 MILLION A YEAR, BUT THEY SPENT 120 MILLION.
SO, OKAY, IF THAT'S CONSIDERED A SUCCESS, BUT YOU SPEND 120 MILLION, WHAT IS YOUR RETURN? WHEN DO YOU HIT YOUR RETURN ON INVESTMENT? THAT'S A LONG TIME, RIGHT? UM, AND, YOU KNOW, SO TRYING TO, TO STAY SORT OF WITHIN OUR WHEELHOUSE, UM, AND WORKING WITH THE, YOU KNOW, SOME OF THESE, YOU KNOW, LIKE THESE FIRMS ARE NOT GONNA COME AND PUT THEIR NAME AND, AND, AND THROW THEIR BANNER UP UNLESS THEY KNOW IT'S GONNA BE SUCCESSFUL, RIGHT? SO, YOU KNOW, WE'VE GOTTEN THE, YOU KNOW, I'VE GOT THE FEEDBACK FROM 'EM.
THEY'VE SAID THAT THEY ARE QUOTE UNQUOTE VERY INTERESTED.
THEY SAID DICKINSON IS A UNDERSERVED MARKET.
UM, SO EVEN, EVEN FROM THE SOCCER, THE, THE, THE, THE, SO ONE OF THE SOCCER GROUPS HAS FACILITIES IN LAKE CITY, BUT IT'S STILL VERY INTERESTED IN THIS, THIS SITE, BECAUSE THEY FEEL THE MARKET IS THAT UNDERSERVED 'CAUSE THE AREA IS GOING TO GROW.
SO I PROBABLY, I WENT A LITTLE OFF SCRIPT THERE,
UM, BUT DID THAT ALL MAKE SENSE? EVERYBODY TRACKING WITH THAT? ANY QUESTIONS? DAVE, ARE YOU EXCITED?
I THINK THIS CAN BE AN ABSOLUTE FINANCIAL GAME CHANGER FOR DICKINSON.
I'LL SAY YOUTH SPORTS, ESPECIALLY LIKE SOFTBALL RIGHT NOW IS ON THE RISE.
I MEAN, THE COLLEGE SOFTBALL WORLD SERIES THIS PAST YEAR WAS WATCHED MORE THAN THE COLLEGE BASEBALL WORLD SERIES, AND THAT WAS ON A, B, C, AND MOST OF THE SOFTBALL WAS ON STREAMING.
I WATCHED, I, I KNOW I WATCHED WHAT WAS ON WHATEVER ONES WERE ON, ON ESPN.
UM, SO, UH, AS WE KNOW WE ARE, WE'RE LOSING, UM, TWO BOARD MEMBERS THIS MONTH.
SO FIRST I WANNA START BY, BY THANKING MR. COKER AND MR. WILSON FOR THEIR SERVICE TO THE E UM, DICKINSON ECONOMIC DEVELOPMENT CORPORATION.
NOT JUST YOUR SERVICE, BUT YOUR LEADERSHIP, YOUR GUIDANCE, YOUR HISTORY, UM, CAITLYN AND I HAVE ENJOYED OUR CONVERSATIONS WITH YOU ALL AND JUST LEARNING MORE ABOUT THE CITY, UM, AND EVERYTHING THAT'S, THAT'S TRANSPIRED HERE.
WE THANK YOU VERY MUCH FOR YOUR SERVICE AND, AND YOU WILL BE MISSED.
UM, WE HAVE, UM, FOR THOSE THAT HAVEN'T SEEN ANYBODY LISTENING ONLINE, UM, WE HAVE BEEN SOLICITING FOR, UM, NEW BOARD MEMBER APPLICATIONS.
UH, IT IS OUT ON THE, UH, DICKINSON ECONOMIC DEVELOPMENT CORPORATIONS FACEBOOK PAGE.
UM, WE'VE RECEIVED THREE APPLICATIONS, UM, SO FAR.
UH, SO WE'LL BE REVIEWING THOSE AND WE'LL BRING THOSE NAMES AND RESUMES.
UM, YOU KNOW, THEY'VE GOT A LITTLE BIT LONGER TO APPLY, UH, BUT WE'LL BE BRINGING NAMES AND RESUMES, UM, TO NEXT BOARD MEETING.
AND, AND I BELIEVE TOO, UM, MR. CITY ATTORNEY, THOSE ULTIMATELY NEED TO BE INTERVIEWED AND APPROVED BY CITY COUNCIL, CORRECT? UM, THE, THE APPLICANT, THE BOARD MEMBER, APPLICANTS, I APOLOGIZE, UM, ULTIMATELY NEED TO BE, UM, REVIEWED AND INTERVIEWED AND, AND APPROVED BY CITY COUNCIL.
SO, UM, SO WE'RE, WE'RE WORKING ON ALL OF THAT.
UM, BUT UM, I JUST WANTED EVERYBODY ON THE BOARD TO KNOW THAT, THAT WE ARE ACTIVELY, UH, ENGAGED IN THAT PROCESS.
JOINT WORKSHOP, UM, DATE, UM, AS I MENTIONED, WE'VE BEEN WORKING WITH WITH COLLABORATE.
UM, WE WOULD LIKE TO SCHEDULE, UM, ON OCTOBER, UH, 28TH AT 5:30 PM UH, A JOINT EDC CITY COUNCIL WORKSHOP REGARDING BAYOU VILLAGE.
UM, SO HOPEFULLY THAT WILL WORK FOR EVERYONE.
UM, UM, WE DO NEED TO CONFIRM THIS WITH CITY COUNCIL, BUT THAT THIS IS THE DATE THAT WE'RE SETTLING ON AS FAR AS, YOU KNOW, COUNCIL AVAILABILITY AND WHEN, WHEN KIND OF MAKES SENSE.
THE NEXT COUNCIL MEETING, THERE'S ALREADY A WORKSHOP BEFORE THAT COUNCIL MEETING, SO WE HAD TO, WE HAD TO GO BACK.
[00:30:02]
AND THAT CONCLUDES THE STAFF UPDATE.SO WE'LL MOVE, UH, WE HAVE NO PUBLIC COMMENTS NOTED, SO WE'LL SKIP OVER SECTION FOUR, MOVE TO THE CONSENT
[5. CONSENT AGENDA]
AGENDA.SO THE FOLLOWING ITEMS ARE CONSIDERED ROUTINE BY THE DICKINSON ECONOMIC DEVELOPMENT CORPORATION AND WILL BE ENACTED BY ONE MOTION.
THERE WILL NOT BE A SEPARATE DISCUSSION ON THESE ITEMS UNLESS REQUESTED BY A BOARD MEMBER.
IN WHICH EVENT THE ITEM WILL BE REMOVED FROM THE CONSENT AGENDA AND DISCUSSED AFTER THE CONSENT AGENDA.
A CONSIDERATION AND POSSIBLE ACTION TO APPROVE MINUTES FROM DEDC, REGULAR MEETING HELD ON SEPTEMBER 15TH, 2025, FIVE B CONSIDERATION AND POSSIBLE ACTION TO APPROVE THE SEPTEMBER, 2025 MONTHLY ADMINISTRATION SERVICE FEE, TRANSFER REQUEST FIVE C CONSIDERATION, AND POSSIBLE ACTION TO APPROVE THE SEPTEMBER, 2025 PAYROLL TRANSFER REQUEST.
DO WE HAVE A MOTION ON THE FLOOR TO APPROVE? MOTION TO APPROVE? DO WE HAVE A SECOND? SECOND WE HAVE A SEC, A MOTION TO APPROVE.
AND SECOND, UH, ANY DISCUSSION ON ANY OF THE ITEMS? NONE.
WE'LL MOVE ON TO OLD BUSINESS.
[7. NEW BUSINESS]
BUSINESS CONSIDERATION AND POSSIBLE ACTION TO ELECT A PRESIDENT AND VICE PRESIDENT OF THE BOARD OF DIRECTORS.A UH, CONSIDERATION AND POSSIBLE ACTION TO ESTABLISH THE DAYS AND TIMES OF THE DEED C'S REGULAR MEETINGS.
I THINK WE'VE ALREADY AGREED ON THE MEETINGS.
ALRIGHT, SO LET'S GO AHEAD AND GET THAT ONE KNOCKED OUTTA THE WAY.
IS THERE ANY, UH, IS THERE A MOTION ON THE FLOOR FOR SEVEN B TO APPROVE MEETING ON, UM, THE FIRST TUESDAY OF EVERY MONTH AT 7:00 PM SO MOVED.
ANY DISCUSSION ON THE MATTER? HEARING NONE WILL TAKE THIS TO A VOTE.
ALL THIS APPROVERS APPROVAL SAY AYE.
SO LET'S, UH, MOVE BACK TO SEVEN A CONSIDERATION POSSIBLE ACTION TO ELECT PRESIDENT AND VICE PRESIDENT OF THE BOARD OF DIRECTORS.
UM, I'D LIKE TO MAKE COMMENT AT THIS TIME, YOU KNOW, WITH ONLY FOUR OF US HERE, UM, I THINK IF THIS COULD BE PUT OFF UNTIL THERE'S A FULL BOARD, IT WOULD PROBABLY BE BETTER TO HOLD IT THEN UNLESS IT HAS TO BE DONE NOW.
I DON'T, I DON'T THINK THERE'S ANYTHING THAT HAS TO BE DONE TONIGHT.
ALTHOUGH, UM, I WILL NO LONGER BE, UM, HERE OR PART OF THE DEAL.
I, I, I, I DO HAVE A SENSE THAT, UH, PATRICK HAS EXPRESSED INTEREST IN TAKING OVER, UM, THE, THE BOARD SEAT SINCE HE'S BEEN ACTING AS A VICE PRESIDENT.
AND I, I PERSONALLY THINK THAT DERRICK WOULD BE AN, AN EXCELLENT FIT TO ROUND THAT TEAM OUT AS A VICE PRESIDENT ROLE.
SO, I MEAN, I, I DON'T KNOW THAT HAVING THE FULL BOARD HERE, UM, UH, WOULD CHANGE THAT, BUT I WOULD AT LEAST PROPOSE THAT THOSE TWO BE CONSIDERED FOR THOSE TWO ROLES IF THE, IF THE APPOINTMENTS AREN'T MADE TO WE SIT, WE SIT HERE AS BOARD MEMBERS UNTIL SOMEBODY'S APPOINTED IN OUR PLACE.
RIGHT? THAT IS IS YOUR OPTION AS I UNDERSTAND IT, CORRECT? WELL, THAT'S WHAT I'M SAYING.
SO IF THE NEXT MONTH, IF THE APPOINTMENTS HADN'T BEEN MADE FOR SOME REASON OR SOMETHING, OR I FULLY DON'T MIND TO COME BACK FOR ANOTHER MEETING IF, IF THEY HAVEN'T MADE THE APPOINTMENTS.
I KNOW THAT I'M NOT BEING, YOU KNOW, I'M NOT, I DIDN'T APPLY OR ANYTHING ELSE, SO I DON'T KNOW WHAT THEY'RE, I'M PRETTY SURE IT'S GONNA BE DONE SOON, BUT, YOU KNOW, UH, I HAVE, I HAVE NO PROBLEM, UH, ELECTING, UH, OR NOMINATING AND ELECTING, UH, MEMBERS THAT ARE NOT HERE CURRENTLY.
I ALWAYS FIGURED THAT WAS A GOOD WAY TO GET EVEN WITH THEM FOR NOT SHOWING UP TO THE MEETING.
WELL, I THINK YOU'VE HAD CONVERSATION WITH PATRICK.
SO I THINK YOU'RE, I THINK YOU'RE MORE KNOW MORE ABOUT IT THAN I DO SITTING HERE.
YOU KNOW, I, I WAS JUST BROUGHT UP THE IDEA DOESN'T MATTER TO ME.
SO THE, THE, THE APPOINTMENTS, EVIDENTLY WE STILL NEED TO BE APPROVED BY COUNSEL.
UM, BUT I WOULD SAY THAT FROM MY PERSPECTIVE, UH, IF YOU, IF YOU GUYS ARE COMFORTABLE WITH THE RECOMMENDATION, UM, I WOULD, YOU KNOW, MAKE A MOTION TO MOVE FORWARD ON THOSE TWO INDIVIDUALS TO TAKE OVER THOSE SPOTS.
AND THEN IF COUNSEL, YOU KNOW, HAS A DIFFERENT, YOU KNOW,
[00:35:01]
SEAT IN MIND, LET THEM TAKE THAT BALL AND RUN WITH IT.SO ARE YOU NOMINATING THOSE PERSONS THROUGH THOSE POSITIONS AS THE RESIDING PRESIDENT? CAN I NOW NOMINATE THEM? UH, YES.
ANY ONE OF Y'ALL CAN NOM MAKE NOMINATIONS? OKAY.
SO AT, AT THIS TIME, I WOULD MAKE A, A MOTION TO NOMINATE, UM, PATRICK SPES AS THE NEW PRESIDENT AND DEREK CORICK AS THE VICE PRESIDENT OF MOVING FORWARD.
SECOND, WE HAVE A SECOND BY MATT SAER.
ANY FURTHER DISCUSSION ON THE MATTER? HEARING NONE, WE WILL TAKE THIS TO A VOTE.
I THINK, UH, I THINK YOU TWO WILL BE EXCELLENT LEADERS.
[8. EXECUTIVE (CLOSED) SESSION(S)]
WILL NOW MOVE ON TO SECTION EIGHT.WE DO HAVE AN EXECUTIVE SESSION SCHEDULED, BUT IT SOUNDS LIKE IT WILL BE BRIEF.
SO AT THIS TIME, UH, IT IS NOW, UH, SEVEN 40 ISH AND WE WILL ADJOURN, UM, TO HOLD CLOSED EXECUTIVE MEETING PURSUANT TO PROVISIONS OF CHAPTER 5 5, 1 OF THE TEXAS GOVERNMENT CODE IN ACCORDANCE WITH THE AUTHORITY CONTAINED IN.
ALL RIGHT, THE TIME IS NOW 8 0 4 SESSION.
UH, WE ARE NOW BACK IN SESSION AND WE HAVE NO ACTION ITEMS FOR EXECUTIVE SESSION.
[10. BOARD MEMBER COMMENTS]
TO SECTION 10.AT THIS TIME, I WOULD ASK THE BOARD MEMBERS IF YOU'D LIKE TO SAY ANYTHING ON YOUR MIND OR COMMENTS.
WHAT'S THAT? I ONLY HAVE A FEW COMMENTS HERE.
NO, IT'S BEEN GREAT SERVING WITH Y'ALL.
UH, ANYWAY, UH, I THINK I'LL FIND SOMETHING ELSE TO DO ON TUESDAYS.
WELL, I REALLY APPRECIATE, I'VE, I'VE, I'VE LEARNED A LOT AND I REALLY APPRECIATE YOUR LEADERSHIP.
UM, AND, UH, YOU KNOW, JUST I'VE, THE, THE AMOUNT I'VE LEARNED OVER THE LAST, UH, YEAR OR SO FROM, FROM BOTH OF YOU HAS BEEN, UH, THERE.
ALL
SO ANY, ANYWAY, I REALLY APPRECIATE YOU Y'ALL, UH, DOING THIS AND, UH, YEAH, THANKS A LOT.
SIMILAR TO, SIMILAR TO DERRICK'S COMMENTS, THANK BOTH OF YOU FOR YOUR LEADERSHIP AND MENTORSHIP AS WELL.
UH, ONE THING I WILL MENTION AS WELL, UM, FAITH LUTHERAN CHURCH, MOST OF YOU, MOST OF EVERYBODY KNOWS ABOUT TWO AND A HALF YEARS AGO, IT GOT, IT WAS BURNED DOWN, SOMEONE BROKE IN, STOLE A BUNCH OF MONEY AND BURNED THE BUILDING DOWN TO COVER HIS TRACKS.
THEY ARE BACK IN THE BUILDING AND THEY'RE HOSTING A REDEDICATION CEREMONY ON THE 12TH.
UH, IT'S BEEN, IT'S BEEN REWARDING BEING PART OF, UM, OF THIS BOARD FOR THE LAST FIVE YEARS.
AND, UM, I, I MET SOME REALLY GOOD PEOPLE ON THE ROAD TRIPS WE TOOK TO TRY TO PROMOTE THE CITY.
WE LEARNED A LOT OF GOOD, VALUABLE LESSONS AND UH, I FEEL GOOD ABOUT WHERE THE EDC IS NOW WITH PROBABLY CLOSE TO WHAT $90 MILLION WORTH OF PROJECTS THAT ARE IN THE WORKS RIGHT NOW.
UM, SO YOU GUYS HAVE A BRIGHT FUTURE IN FRONT OF YOU AND I WISH YOU ALL THE LUCK IN THE WORLD.