[0:00] OKAY.
[0:01] AND WE COULD ALWAYS, NORMALLY ON TOP OF ALL THAT, SKIP AROUND THE AGENDA IF WE HAVE TO. COULD BE HITTING THAT. TYPE IT AWAY. OH, YOU MEAN DEVIL BACK TO A I KNOW. HITS YOU. DON'T, YOU DON'T WISH IT ON OTHER PEOPLE. I, AND THEY'RE BLOWING THEIR, OKAY. WELL, I, I DIDN'T NEED TO RUSH  APPARENTLY. RICKY DID. DID THINGS SLOW DOWN FOR YOU? NO. NO. . OKAY. NOT EVEN CLOSE. BRIAN, HOW ARE YOU? I'M DOING WELL. HOW ARE YOU TODAY? I DID NOT MEAN MEAN TO MEET YOU. I DIDN'T SEE YOU WHEN I WALKED IN. NO WORRIES. ALRIGHT. YOU ACTUALLY HAVE NO, YOU PICTURES. I DUNNO WHY THEY, THE CLERK'S OFFICE DOESN'T. YEAH, I THINK YOU PICKED YES, I PICTURES. YEAH. ME? YEAH, WE WERE THERE. WE WERE THERE. ACTUALLY, WE REPRESENTED THE WHOLE BOARD, THE THREE OF US. WE WERE THERE. YEAH. YEAH. I DO HAVE SOME UNOFFICIAL BUSINESS. I WANT A CUP BECAUSE MY WHOLE TABLE WON'T PROMISE EXCEPT ME. READY? WE, I THINK CAN GO AHEAD AND GET STARTED WITH THE OTHER ITEMS AND THEN HOPEFULLY DALTON WILL BE HERE AS WE WRAP UP AND JUST COME BACK TO A OKAY. WE CAN, WE CAN GO AHEAD AND GET STARTED THEN. ALL RIGHT. AND YOU TELL ME WHICH, SEE WE HAVE, UH, FOUR ITEMS SO WE CAN DO ITEM FOUR. . THAT WOULD BE A GOOD ONE. . ALL RIGHT. UH, EVERYONE, GOOD AFTERNOON. UH, IN THE ABSENCE OF, UH, CHAIRMAN, SANE, I'LL BE LEADING, UH, TODAY'S PROCEEDINGS. I CALL TO ORDER THIS JOINT BOARD OF DIRECTORS MEETING OF THE BAYTOWN REDEVELOPMENT AUTHORITY, TAX INCREMENT REINVESTMENT ZONE NUMBER ONE AND TAX INCREMENT REINVESTMENT ZONE NUMBER TWO, CITY OF BAYTOWN, TEXAS. IT IS 4 0 7 AND TODAY IS TUESDAY, AUGUST 4TH, 2026. UH, LET THE RECORD, UH, REFLECT THAT WE ARE MEETING IN THE COUNCIL CHAMBER OF THE, OF CITY HALL, LOCATED AT 24 0 1 MARKET STREET, BAYTOWN, TEXAS, WITH THE MAJORITY OF DIRECTORS PRESENT IN THE CHAMBER. I OFFICIALLY CONFIRM A QUORUM IS PRESENT, AND THIS MEETING IS OPEN FOR BUSINESS. SO, UH, IN THE, UH, TO BEGIN WITH, WE HAVE NO ONE THAT WANTS TO SPEAK WITH US TODAY. SO, UH, WE WILL BOTH OPEN AND CLOSE THE CITIZEN COMMENT PERIOD AND MOVE ON TO THE NEXT ITEM. AND, UH, I'D RECOMMEND THAT WE MOVE ON TO ITEM FOUR. BRIAN, IF YOU WANT TO, UH, OR DO YOU WANT TO DO NUMBER THREE? LET, LET'S DO NUMBER NUMBER THREE. OKAY. WE WILL GO ON TO NUMBER THREE. SO, UH, AND THIS IS, UH, WHERE WE WILL, UM, LET'S SEE. ITEM THREE C, THE BUDGET, RIGHT? IS THAT WHAT WE WANT TO DO? WELL, LET'S, I, I THINK FIRST LET'S DO ITEMS, UM, THREE A AND THREE A AND THREE B. OKAY. UM, UH, THESE HAD, UH, PRESENTATIONS FROM THE CONSULTANT, DID THEY NOT? NO, THAT'S ITEM TWO A IS THE, OH, HE'S GONNA DO IT ALL THERE AND THEN WE'LL COME. THAT'S OKAY. THAT'S CORRECT, SIR. WELL, NO WORRIES. I ALWAYS LIKE TO KIND OF HEAR ITEM TWO A BEFORE I RECOMMEND  ITEM THREE A AND B, AND THAT'S WHY I SUGGESTED ITEM THREE C. 'CAUSE, UH, I THINK WE'RE NOT GIVEN A PRESENTATION ON THAT, OR DO YOU HAVE SOME? NO, I JUST HAVE SOME, SOME BACKGROUND, UM, INFORMATION, UH, RELATED TO, UM, ITEMS THREE A AND THREE B. THEY'RE REALLY HOUSEKEEPING ITEMS. UM, AND WHAT'S REQUIRED ON AN ANNUAL BASIS IS THE, YOU KNOW, TS BOARD DOES NEED TO SUBMIT AN ANNUAL REPORT, UM, EACH FISCAL YEAR TO THE COMPTROLLER'S
[5:01] OFFICE. AND SINCE THE BOARD, UM, WASN'T ACTIVE OVER THE LAST TWO TAXING YEARS, WE ARE NOW TRYING TO GO AHEAD AND, YOU KNOW, SUBMIT THOSE, THOSE REPORTS. SO, FOR T NUMBER ONE, UM, AS YOU CAN SEE, CONTINUES IN YOUR PACKET CONTINUES TO PERFORM WELL. IN FISCAL YEAR 2024, WE COLLECTED 3 MILLION IN TAX REVENUES, PLUS AROUND $265,000 IN INVESTMENT INTEREST, TOTALING AROUND 3.2 MILLION. THEN FOR FISCAL YEAR 2025, WE BROUGHT IN ROUGHLY 3.3 MILLION IN TOTAL REVENUES, UM, WHICH ARE CONSISTENT WITH, UH, SUPPORTING OUR ONGOING DEBT OBLIGATIONS AND EXPENSES, UH, FOR THE YEAR. THEN FOR T NUMBER TWO, WHICH WAS ESTABLISHED AT THE END OF DECEMBER, 2023, STILL IT'S IN ITS EARLY STAGES. THEN FOR BOTH FISCAL YEAR 2024 AND THEN FISCAL YEAR 2025, THERE WAS A ZERO INCREMENT, UM, GENERATED. AND THEN, AS YOU ALL KNOW, IN DECEMBER OF 2025, YOU DID AMEND THE BASE YEAR VALUE FOR TAX YEAR 2025 FROM 389 MILLION TO 351 MILLION, UM, AT THE, THE END OF TAX YEAR 2025. UH, THE APPRAISED VALUE, UM, AFTER IT WAS ADJUSTED CAME IN AT 350.4 MILLION. SO WE ARE VERY CLOSE AND ARE ANTICIPATING AN INCREMENT, UM, BEING GENERATED FOR THE SECOND ZONE, PROBABLY FOR TAX YEAR 2026, WHICH IS FISCAL YEAR 20 26, 20 27. UM, HOWEVER, AND I, I'LL, I'LL GET TO THIS IN, IN THE REPORTS, UM, MORE THAN LIKELY WE'LL HAVE A BUDGET THAT WE WILL BE WORKING TOGETHER ON DEVELOPING, UM, REALLY FOR IMPLEMENTATION FOR, UH, TAX YEAR 2027, FISCAL YEAR, UH, 2028 MM-HMM . UM, AND THEN AS I MENTIONED, THE, THE ZONE, UM, FOR ZONE TWO OPERATES, UM, UP UNTIL 2052, UH, WHICH IS A 26 YEAR WINDOW. AND WE ANTICIPATE, UM, JUST THROUGH REGULAR ASSESSMENT AND VALUATION THAT, UM, IT'LL STEADILY INCREASE, UM, THROUGHOUT THE TERM, EVEN WITH A MON A MODEST, UM, ANNUAL APPRECIATION. UM, IN YOUR PACKET, YOU DID HAVE THE REPORTS, UH, DETAILING THE FINANCIAL INFORMATION FOR, FOR BOTH OF THOSE ZONES. AND SO I'M JUST ASKING IF, IF THE BOARD IS WILLING TO ACCEPT, UM, THE REPORTS AND RECOMMENDATIONS TO CITY COUNCIL FOR THOSE TO BE SUBMITTED TO THE COMPTROLLER'S OFFICE. OKAY. ALRIGHT. WITH THAT, I WILL ENTERTAIN A MOTION TO APPROVE THE RESOLUTION RECOMMENDING APPROVAL OF THE FISCAL YEAR 2024 AND FISCAL YEAR 2025 ANNUAL REPORTS FOR TS ONE. DO I HAVE A MOTION? SECOND MOTION AND SECOND. ANY DISCUSSION? SO ARE WE TAKING ONE AND TWO TOGETHER? ARE YOU ASKING US TO TAKE A AND B TOGETHER ON THIS ONE, BRIAN? NO, JUST, WELL, YOU WANT DO A AND B? YEAH. OKAY. AND THAT WILL INCLUDE ITEM THREE B TO CONSIDER RECOMMENDING APPROVAL AND ACCEPTANCE OF THE FISCAL YEAR 2024 AND FISCAL YEAR 2025. ANNUAL REPORTS, FORTS TWO YES AS WELL. MOTION. MOTION. AND A SECOND. SAME MOTION. SECOND. ANY DISCUSSION? SO, JUST FOR CLARIFICATION, BRIAN, I JUST WANTED TO SIMPLIFY WHAT YOU SAID. SO WE HAD NO INCREMENT IN THESE PRIOR, YOU'RE JUST FOLLOWING THE GUIDELINES WHERE YOU HAVE TO CREATE THE REPORT. YES. AND WE ANTICIPATE RECEIVING AN INCREMENT. YES. 26, 27. WE'RE, WE'RE ANTICIPATING IT'S, AT THIS TIME, IT'S JUST DIFFICULT FOR US TO GAUGE WHAT IT IS TO PROVIDE WHAT THAT FIGURE IS. RIGHT. UM, AND IT MAY JUST, YOU KNOW, IT MAY BE LIKE $25,000. SO WE WANNA MAKE SURE, AND PART OF WHAT, YOU KNOW, I'LL BE RECOMMENDING IS LOOKING AT A, A RETREAT FOR THE BOARD TO LOOK AT BOTH ZONES IN THE FUTURE. OKAY. YEAH. YOU KNOW, I'M PRETTY GRATIFIED TO, TO SEE THAT DEVELOPMENT SEEMS TO HAVE PICKED UP IN TOWN. MM-HMM . UH, SOME GOOD ACTIVITY OCCURRING RIGHT NOW. OF COURSE, NO MORE SO THAN MY DELIGHT AT SEEING, UH, THE SAN JACINTO MARKETPLACE. MM-HMM . UH, RISE FROM THE DUST AFTER SO MANY YEARS, HAGGLING OVER THAT I PROBABLY, AND MAYOR DON CARLOS ARE, ARE PROBABLY UNIQUE IN REMEMBERING THE, THE VARIOUS, AND PROBABLY GINA AS WELL, THE EARLIEST DAYS OF, OF THAT AND ALL THE HURDLES AND, UH, THINGS THAT WERE THROWN IN THE WAY OF THAT DEVELOPMENT. IT'S NICE TO SEE THAT. UM, I THINK THAT, UH, THERE'S PROBABLY STILL, I DON'T KNOW IF YOU MONITOR LEAKAGE, UH, FOR THE CITY, BUT THERE STILL LIKELY
[10:01] EXISTS, UH, UH, SOME OPPORTUNITY FOR ADDITIONAL RETAIL IN TOWN. YEAH. AND, AND YOU KNOW, MYSELF AND THEN ALSO, UH, TIFFANY WHO'S ON THE, ON THE LINE AS WELL, WE HAVE BEEN WORKING TO ADDRESS AND IDENTIFY THE RETAIL LEAKAGE THAT IS, YOU KNOW, LEAVING OUR RETAIL TRADE AREA. AND SO PART OF, PART OF WHAT WE'RE LOOKING AT IS, AND, AND WHAT, WHAT WE'LL BE WORKING ON, ON IN THE FUTURE, UM, IS HOW CAN WE, HOW CAN WE DEVELOP, YOU KNOW, PROJECTS THAT, THAT MEET, YOU KNOW, THE CHALLENGES THAT ARE FACING, YOU KNOW, PRIVATE DEVELOPMENT, WHETHER THAT'S, YOU KNOW, DETENTION, FLOODING, MITIGATION, UM, ROADWAY NETWORK CONNECTIVITY. I THINK THE NUMBERS RIGHT NOW SHOW THIS KIND OF A STEADY AS ISSUE GOES, WE'RE STABLE, WE'RE GOING IN THE RIGHT DIRECTION, BUT THERE'S A TIME IN THE FUTURE WHERE WE'RE GONNA PIVOT FINANCING STRATEGIES AND CREATE NEW ASSETS. YES, THAT IS CORRECT. AND HAVE YOU BEEN, I ABLE TO IDENTIFY WHAT SOME OF THOSE, THOSE PRIORITY PROJECTS ARE GOING TO BE IN THE FUTURE THAT YOU THINK THAT WILL ACCOMPLISH THAT? SO PART OF THE, PART OF THE DISCUSSION REALLY, UM, WHAT THE CONSULTANT IS GONNA GO THROUGH IS IDENTIFYING KIND OF WHAT ARE THOSE, THOSE THOSE KEY KEY CATEGORIES OF, OF INFRASTRUCTURE PROJECTS. AND IT, IT'S, IT'S GOING TO DIFFERENTIATE BETWEEN IF WE'RE TALKING ABOUT, YOU KNOW, PROJECTS THAT ARE NEEDED IN ZONE ONE VERSUS ZONE TWO, AND THEN REALLY WHAT ARE THE, YOU KNOW, STRATEGIES BEHIND THOSE WHERE ONE'S GONNA BE FOCUSED MORE ON GREENFIELD DEVELOPMENT OR THE, THE LADDER'S GONNA BE FOCUSED MORE ON REDEVELOPMENT AND REVITALIZATION INITIATIVES. AND ALSO, BRIAN, THESE THINGS ARE, I'M SURE THINGS THAT YOU PLANNED FOR US TO DISCUSS DURING THE RETREAT. YES, CORRECT. OKAY. ALRIGHT. ANY OTHER DISCUSSION OR QUESTIONS FROM THE BOARD? OKAY. HEARING NONE. ALL IN FAVOR SAY AYE. AYE. AYE. AYE. ANY OPPOSED? OKAY. A I SEE WE HAVE OUR, OUR CONSULTANT HERE. EXCELLENT. GLAD HE, HE'S HERE. UH, WE ARE GONNA GO BACK TO ITEM TWO AND RECEIVE A PRESENTATION AND DISCUSSION REGARDING THE DRAFT MARKET DEMAND ANALYSIS AND FEASIBILITY STUDY FOR TAX INCREMENT REINVESTMENT ZONE, TURS ONE AND TURS TWO. AND THIS IS BEING PRESENTED BY COMMUNITY DEVELOPMENT STRATEGIES. BRIAN, THANK YOU. UH, MR. VICE CHAIRMAN, WE DO HAVE MR. TY JACOBSON, WHO IS WITH CDS CONSULTANTS AND, UM, HE, HE AND HIS TEAM, THEY'VE BEEN WORKED OVER THE LAST DILIGENTLY OVER THE LAST SEVERAL MONTHS ON PUTTING TOGETHER AND INTERVIEWING, UH, REAL WORLD MARKET CONDITIONS, UM, IN THEIR REPORT, UH, WHICH WILL HELP, UM, REALLY IDENTIFY HOW CERTAIN, UM, HOW CERTAIN SOME OF THE DIRECT ECONOMIC IMPACTS ARE GONNA BE AND WHAT YOU, YOU KNOW, SHOULD BE LOOKING FOR AS YOU'RE GOING TO BE REVIEWING, UM, THE PROJECT FINANCING PLANS FOR, FOR BOTH ZONES. NO WORRIES, NO WORRIES. HAPPENS. ? YES. I, I, I REALLY APOLOGIZE Y'ALL FOR, UH, FOR, FOR BEING LATE. I, UH, I, I SHOULD KNOW BETTER TO GIVE MYSELF, UH, MORE TIME THAN I DID TO GET HERE. SO, UH, BUT, UH, SO I APOLOGIZE IF I HELD ANYTHING UP, BUT I'M HERE NOW. IT'S, IT'S REALLY BEEN MORE OF A DISCUSSION THAN A PRESENTATION. UH, IT'S SORT OF A BRIEF OVERVIEW ON WHERE WE ARE, UM, IN, UH, REGARDS TO, YOU KNOW, FINISHING UP ON THIS PROJECT IS WE'RE, WE'RE QUITE CLOSE. WE PRODUCED A DRAFT REPORT, WHICH, UM, UH, I DON'T KNOW IF YOU ALL HAVE HAD THE OPPORTUNITY TO REVIEW IT. I KNOW, UH, BRIAN HAS BEGUN REVIEWING IT. UH, THIS IS NOT THE COMPLETE REPORT. UM, WE, THIS IS THE SORT OF BASELINE EXISTING CONDITIONS, A BASELINE, UM, YOU KNOW, INCREMENT, REVENUE PROJECTION IS IN THERE. UM, SORT OF THE NEXT STEPS TO MOVE BEYOND THIS. UH, WELL, IN ADDITION, WE HAVE, YOU KNOW, THE MARKET CONDITIONS, UM, AND A LOT OF DISCUSSION ABOUT, UH, POTENTIAL, UM, ITEMS AND T PROJECTS IN THIS REPORT AS WELL. SO THE, THE NEXT STEPS AND THINGS THAT, UH, WE ARE WORKING ON NOW AT CDS, UH, WE'RE PUTTING TOGETHER DEVELOPMENT SCENARIOS, WHICH, UM, I'LL BE DISCUSSING THOSE. UH, RIGHT. I'LL BE DISCUSSING THOSE, UH, PRETTY SHORTLY AFTER THAT. OUR PARTNERS, JOHN STOVER ASSOCIATES WILL BE, UH, WORKING ON IMPLEMENTATION WHEN WE HAVE SORT OF, UH, DEVELOPMENT SCENARIOS, UM, UH, SORT OF FINALIZED AND THE, UH, UH, SELECTION OF TURF PROJECTS, RECOMMENDED TUR PROJECTS, UM, YOU
[15:01] KNOW, NARROWED DOWN TO WHAT WE REALLY WANNA LOOK AT. UM, AND, UH, STOVER WILL COMPLETE THEIR PORTION AND FAIRLY SHORT ORDER, UH, ONCE THOSE TWO, TWO ITEMS ARE IN PLACE. SO, UM, I KNOW, I THINK THE LAST TIME I WAS HERE, UM, WAS BACK, WHAT, BACK IN THE SPRING, SO, UH, I THINK WE WERE ON TRACK. I WAS HAPPY TO MEET WITH I THINK ALL OF Y'ALL, OR SEVERAL OF Y'ALL, UM, ABOUT POTENTIAL, UM, YOU KNOW, ITEMS THAT THE, UH, THE TOUR MAY LOOK TO FUND, UH, AND SOME DISCUSSION ABOUT THE, ABOUT BOTH OF THESE TOUR AREAS. AND THAT'S BEEN, THAT WAS VERY, VERY VALUABLE INPUT, WHICH SHOULD BE REFLECTED HERE IN THE DRAFT REPORT. SO I APPRECIATE THAT. UH, AND I'M HAPPY TO ANSWER ANY QUESTIONS AND DISCUSS, DISCUSS WHERE WE ARE ON THIS, UH, FURTHER, IF Y'ALL WOULD LIKE, IS IT TOO EARLY? IS IT TOO EARLY FOR YOU TO GIVE US A LITTLE BIT OF A HIGHLIGHT OF WHAT YOU ARE FINDING OUT AS FAR AS DEMAND OR, UM, FOR THE, UH, INFRASTRUCTURES OR, UH, FOR THE DEVELOPMENT? OH, UM, NO, I DON'T THINK IT'S TOO EARLY TO GIVE A LITTLE BIT OF A HIGHLIGHT ON THAT. UH, I THINK FOR, UH, TURS ONE, UM, AS WE DISCUSSED IT, I'LL SORT OF, UH, FOR TOURS ONE, UM, YOU KNOW, WE REALLY LOOK AT WHAT'S GOING ON WITH THE, THE FIDEL SITE AND, UH, DEVELOPMENT FLOWING OUT FROM THAT. AND THAT'S AS WE'RE WORKING NOW ON THE DEVELOPMENT SCENARIO AND HOW THAT WILL IMPACT VALUES AND REVENUE, UM, YOU KNOW, IT'S, IT'S REALLY GOING TO BE ABOUT LOOKING AT WHAT'S POSSIBLE WITH THAT TYPE OF DEVELOPMENT FROM THOSE PARCELS. AND THEN, UH, THE ADDITIONAL DEVELOPMENT THAT CAN SORT OF EXPAND OUT FROM THERE. UH, TS TWO IS MORE WIDE OPEN ON WHAT COULD POSSIBLY HAPPEN THERE. UM, TS TWO IS GOING TO REQUIRE, UH, AS I'M WORKING THROUGH DEVELOPMENT SCENARIOS, JUST BY THE NATURE OF ITS LOCATION AND, UM, SOME OF THE INFRASTRUCTURE REQUIREMENTS THAT REQUIRE THAT ARE NECESSARY TO MAKE LAND DEVELOPABLE OR CERTAIN LAND THAT'S JUST NOT GOING TO BE DEVELOPABLE, YOU'RE GOING TO HAVE A LOT MORE PROPERTY THAT'S, YOU KNOW, EXEMPT OR WILL REMAIN EXEMPT, I SUPPOSE IS A GOOD WAY TO PUT IT. UM, EITHER BECAUSE IT'S ALREADY THERE OR BECAUSE IT WOULD BE NEEDED FOR SOME SORT OF, UH, UH, INFRASTRUCTURE PROBABLY, UM, DRAINAGE OR FLOOD CONTROL INFRASTRUCTURE. SO, UH, NEVERTHELESS, THERE'S A, THERE IS A QUITE A BIT OF OPPORTUNITY, UH, OF COURSE TO WORK IN TERMS TWO, UM, FOR, UH, INTERESTING DEVELOPMENT IN OR NEAR, UH, THE WATERFRONT. AND SO THAT'S SORT OF LOOKING AT A MIX OF COMMERCIAL, SORT OF INDUSTRIAL COMMERCIAL DEVELOPMENT, UH, COMING FROM, UH, THE FAR EASTERN EDGE OF THAT AS IT TRANSITIONS INTO SOMETHING THAT'S, UH, A LITTLE MORE FITTING WITH THE CITY, A MIX MIXING OF DIFFERENT RESIDENTIAL USES, UH, AND, UH, RETAIL POTENTIAL, OTHER LIGHTER COMMERCIAL USES. THAT'S ACTUALLY WHAT I WAS, UM, HOPING TO HEAR. HAD THERE BEEN A SIGNIFICANT SHIFT FROM INDUSTRIAL TO SOME RESIDENTIAL TO SUPPORT THE COMMERCIAL? YES. NO, I, I THINK IN BOTH OF THESE, UH, BOTH OF THESE TS WE'RE LOOKING AT, UM, WE'RE NOT LOOKING AT THEM BEING OVERWHELMINGLY INDUSTRIAL IN THEIR, UH, IN THEIR COMMERCIAL ASPECTS, BUT PARTICULARLY WITH T TWO, UH, YOU KNOW, WE HAVE A BIG INDUSTRIAL OR LOGISTICS PARK TO THE EAST THERE, AND AS YOU CAN, YOU CAN KIND OF TRANSITION FROM THAT INTO DEVELOPMENT. THAT'S MAYBE MORE ALONG THE LINES OF WHAT WOULD SUPPORT THE RESIDENTIAL THAT'S EXISTING THERE. THE, UH, THE GOLF COURSE, THE PARK SPACE, UH, THE HOTEL WITH COMMERCIAL THAT COULD SUPPORT THAT OR MAKE THAT AREA, UH, MAYBE A MORE APPEALING OR ROBUST, UM, COMMERCIAL DISTRICT. WILL THE REPORT HAVE LIKE A, LIKE A GEOGRAPHICAL MAP, LIKE AN OVERLAY THAT WE CAN SEE, OR IS IT JUST GONNA BE A LIST OF ITEMS? SO I, I THINK WE, WE CAN PROBABLY PRODUCE SOMETHING LIKE THAT. AND AGAIN, THESE ARE, THIS IS A SCENARIO, RIGHT? UH, AND I I, I'M NOT OPPOSED TO CREATING THAT. I DO WANT TO MAKE SURE IF WE'RE, WHEN YOU DO SOMETHING LIKE THAT, YOU MAKE SURE IT'S AT LEAST LABELED AS A SCENARIO. SO NOBODY GETS A HOLD OF A MAP AND SAYS, THAT'S MY PROPERTY AND YOU'RE GONNA DO WHAT WITH IT? OR, THAT'S MY PROPERTY. YOU'RE DO THAT WITH IT ALL RIGHT? THAT'S RIGHT. THAT'S WHERE, YEAH, IT DRIVES UP THE, THE, THE PRICE OR PERHAPS THEY, THEY FIND IT TO BE OFF-PUTTING THAT SOMEBODY TOLD WAS SAYING WHAT WAS GONNA BE DONE WITH THEIR PROPERTY. SO I DO WANNA BE CAREFUL WITH THAT, OR IF YOU'RE CONCERNED WITH THAT, MAYBE A MAP'S NOT THE BEST IDEA, BUT I, I THINK IT'S PERFECTLY FINE TO CREATE A SCENARIO MAP. WE'RE, WE'RE CAPABLE OF DOING THAT.
[20:01] I THINK IT HELPS LOGICALLY WITH THAT. OKAY. GINA, AND THEN YOU CONDUCTED INTERVIEWS, LIKE ARE YOU ABLE TO SHARE, UM, SOME OF THE FINDINGS OR, OR THINGS PEOPLE ARE DESIRING IN THE DIFFERENT AREAS? SURE. UM, I MEAN, THERE WAS A LOT OF, A LOT OF DESIRE FOR RETAIL, COMMERCIAL NEW, UH, THE TYPES OF STORES OR TYPES OF RETAIL SPACE THAT'S NOT HERE OR NOT HERE IN A LARGE AMOUNT AT THIS TIME HERE IN BAYTOWN. UM, YOU KNOW, WE, WE HEARD QUITE A LOT ABOUT THAT. UH, CERTAINLY HEARD, HEARD A LOT ABOUT INFRASTRUCTURE CHALLENGES, AREAS WHERE, UH, ROADS NEED IMPROVEMENT, ROADS NEED EXPANSION, AND OF COURSE PARTICULARLY DRAINAGE. AND THAT WAS IN BOTH, BOTH T UH, I THINK T TWO WE KNOW, UM, FOR NEW DEVELOPMENT IN CERTAIN, UM, MUCH OF IT DRAINAGE WILL BE A PARTICULAR, UH, DRAINAGE IN STORM PROTECTION MITIGATION FROM, FROM THE BAY WILL BE A PARTICULAR CONCERN. BUT THERE WAS SOME DRAINAGE CONCERNS INT ONE AS WELL. UM, AND, UH, I'M TRYING TO THINK ANYTHING ELSE OF NOTE, THERE'S, I THINK THERE'S A LOT OF EXCITEMENT ABOUT FIDELIS DOING, UH, THERE ARE A LOT OF, I HEARD A FEW DIFFERENT SCENARIOS FOR THE TYPE OF DEVELOPMENT THAT COULD RESULT, YOU KNOW, SPRINGING FORTH FROM, UH, YOU KNOW, AROUND THE FIDEL SITE, UM, WITH SOME, UH, DIFFERENT AMBITIOUS, SOME OF THE V UH, VISIONS ARE VERY AMBITIOUS, UH, VERY EXCITING, UH, VISIONS FOR ADDITIONAL COMMERCIAL IN A MIXED USE SPACE. UH, AND NOT TO  BRING UP THE CHALLENGES, BUT WE HEARD SOME, SOME CHALLENGES WITH, UM, ASSEMBLING THE PROPERTY NECESSARY IN ORDER TO GET, UH, THOSE THINGS DONE. SO WE DID, WE DID HEAR ABOUT THE CHALLENGES, NOT JUST THE VISIONS , I JUST, UM, IN RELATION TO ITEM TWO A, I WOULD JUST ASK WHAT DID, WHAT DO YOU WANT US TO TAKE AWAY FROM THIS DISCUSSION? YOU KNOW, THIS IS A, UM, DRAFT MARKET DEMAND ANALYSIS AND FEASIBILITY STUDY. WHAT INFORMATION DO YOU WANT US TO WALK AWAY WITH? OKAY. UH, WHAT IS IT THAT YOU'RE, I WANT YOU TO KNOW WHERE WE ARE ON THE PROJECT AND, UM, YOU KNOW, WHERE WE ARE CLOSING, WE'RE CLOSING THIS OUT. I WOULD EXPECT IN THE NEXT COUPLE OF MONTHS TO HAVE THIS GO FROM JUST BEING A, A DRAFT THAT IS STILL LACKING SOME INFORMATION TO BEING COMPLETE AND FULLY READY TO REVIEW WITH BOTH THE PORTIONS THAT CDS IS COMPLETING AND THE PORTIONS THAT JOHN STOVER AND ASSOCIATES IS COMPLETING. UM, CERTAINLY I'D LIKE FEEDBACK ON WHAT IS IN THIS REPORT, UH, IF THERE'S, UH, COMMENTS, QUESTIONS, CHANGES ABOUT, YOU KNOW, ANY SPECIFIC ITEMS. IT'S, YOU KNOW, I PRINTED IT OUT, IT'S 90 SOMETHING PAGES. I UNDERSTAND IT'S NOT A, A, A LIGHT READ. UM, A LOT OF THAT IS EXHIBITS, UH, OF COURSE. BUT, UM, YOU KNOW, I, I WANNA MAKE SURE THAT THIS MEETS THE NEEDS THAT YOU'RE EXPECTING IT TO MEET AND MEETS WHAT WE LAID OUT THAT WE WOULD, WE PROMISED WE WOULD DO IN THE PROPOSAL, WHICH I BELIEVE IT DOES, BUT I, I'VE MADE A COUPLE MISTAKES IN MY CAREER, SO LET ME KNOW OKAY. IF I, IF I HAVE FORGOTTEN ANYTHING. UM, AND, UH, THAT'S, THAT'S REALLY WHAT I WANTED TO, I NOTICED, UH, IN YOUR DRAFT, A A PRETTY STRONG EMPHASIS ON YOUTH SPORTS. YES. IS, DO YOU SEE THAT AS, AS, AS A TACTIC OR MORE OF, UH, FOR THE FUTURE, OR IS THAT GOING TO BECOME A TENANT OF OUR ECONOMIC DEVELOPMENT STRATEGY? I, I WOULD SAY DUE TO, UM, YOU KNOW, WHERE, WHERE WE ARE, THE STATUS OF THE EXXON, UH, EXXONMOBIL BAYTOWN EVENT CENTERS, THAT THAT IS GOING TO BE, UM, SOMETHING OF IMPORTANCE AS PARTICULARLY FOR ZONE TWO AND WHAT'S GOING TO DRIVE, UM, GROWTH AND REDEVELOPMENT IN THE AREA. SO THAT WAS ONE OF THE, A TIMETABLE FOR THAT, FOR THE PROJECT ITSELF. YEAH. UH, I DON'T HAVE A TIMETABLE, BUT, UM, IN ANOTHER ITEM I'LL COVER THE, THE EVENT CENTER. OKAY. EXCELLENT. WE'LL SAVE IT. MM-HMM . THEN. EXCELLENT. AND, AND ONE THING, UH, MAYBE IT, IT, IT MIGHT HELP TIE THE, THE BOARD IS, YOU KNOW, COM. HOW WOULD YOU, I GUESS, COMPARE, UM, WHERE BOTH ZONES ARE, KIND OF THE CONDITIONS STATUS OF, OF THE TWO ZONES, RELATIVELY SPEAKING TO OTHER COMMUNITIES, YOU KNOW, IN, IN TEXAS? UM, JUST, JUST FROM A, YOU KNOW, MAYBE JUST A FINANCIAL, UM, FINANCIAL BASIS. OKAY. ALL RIGHT. ANY OTHER QUESTIONS?
[25:03] DISCUSSION? OKAY. WELL, THANK YOU. THANK Y'ALL. NOW, I'M SORRY, I DO HAVE A QUESTION FOR BRIAN. I WAS CHECKING MY EMAILS, MAKING SURE I DIDN'T OVERLOOK. ARE WE GETTING A COPY OF THAT DRAFT? YEAH, IT, THE, THE DRAFT WAS INCLUDED IN THE PACKET, BUT I'LL, I'LL RESEND IT TO THE BOARD. OKAY. THANK YOU. OKAY. WE WILL NOW MOVE ON. THERE'S A LARGE FILE ITEM THREE C TO CONSIDER RESOLUTION RECOMMENDING APPROVAL OF THE ANNUAL BUDGET FORTS, ONE FOR FISCAL YEAR 26 27. BRIAN, DO WE HAVE ANY ADDITIONAL STAFF CONTEXT TO ADD TO THIS? YES, UH, MR. VICE CHAIRMAN, I DO. UM, SO WHAT'S BEING PRESENTED, UM, BEFORE YOU IS THE FISCAL YEAR 27, UM, BUDGET FOR TOUR NUMBER ONE. I DID WANT TO NOTE THERE ARE NOT ANY CHANGES, UM, WHAT WAS DISCUSSED BACK IN JUNE, UM, OF THIS YEAR. OKAY. UH, THE TOTAL PROPOSED REVENUE IS 3.37, WHICH IS AN INCREASE FROM LAST FISCAL YEAR, WHICH WAS 3.15 MILLION. THE INCREMENT THAT THE CITY'S GONNA COLLECT IS 2.4 MILLION. HARRIS COUNTY'S INCREMENT IS ROUGHLY $813,000. AND WE ANTICIPATE, UM, INTEREST ON THOSE FUNDS TO BE COLLECTED AROUND $161,000, UM, WITH TOTAL REVENUES PROJECTED TO GROW, UH, ROUGHLY $227,000 OVER THE NEXT FISCAL YEAR. UM, AND THIS GROWTH IS DRIVEN PRIMARILY BY, UM, INCREASE IN OUR CAPTURED, UH, PROPERTY TAX INCREMENT. WHAT'S NOT REFLECTED AS, AS, AS AN ASIDE, WHAT'S NOT REFLECTED IN THESE NUMBERS IS THE DEVELOPMENT, THE LOGISTICS CENTER THAT'S, UM, CURRENTLY UNDER CONSTRUCTION, UM, NORTH OF I 10 OFF OF JOHN MARTIN. THAT FIRST PHASE IS GOING TO ADD AROUND A HUNDRED MILLION DOLLARS IN TAXABLE VALUE. SO THAT'LL BE, UM, A SUBSTANTIAL, UM, REVENUE STREAM, UM, FOR THE ZONE AND SOMETHING FOR, FOR THE BOARD TO THINK ABOUT. UM, AT THE UPCOMING RETREAT, THE PROPOSED EXPENDITURES, UM, IS 3.14 MILLION WITH THE MAJORITY OF THAT, UM, BEING, UM, DEBT SERVICE FOR, UM, TWO CERTIFICATES OBLIGATION. UM, THE LAND MAINTENANCE, WHICH IS ROUGHLY 581,000 TOURISM IMPROVEMENTS AND ROOFTOP FEES FOR 260,000, THAT'S THE PUBLIC SAFETY SERVICES, UM, FOR POLICE AND FIRE THAT, UM, AREN'T NECESSARILY, UM, TO ACCOUNT FOR, YOU KNOW, ADDITIONAL CALLS OF SERVICE. UM, WE DO HAVE CITY ADMINISTRATIVE SERVICES FEE AT ROUGHLY 136,000. UM, THAT IS FOR, UM, COVERING EXPENSES RELATED TO ANY OF THE REPORTING AND COLLECTIONS THAT, UM, YOU KNOW, OUR FINANCE DEPARTMENT DOES OR ANY CITY STAFF, UH, FOR THAT MATTER RELATED TO THE ZONE. AND THEN THERE IS A HARRIS COUNTY ADMIN FEE FOR 31,000. AND THEN WE DO HAVE THAT PROFESSIONAL SERVICES EXPENDITURE LINE OF 160,000, WHICH DOES INCLUDE, UM, LEGAL SERVICES, OUR FINANCIAL ADVISOR, AS WELL AS OUR TAX CONSULTANT. THEN, BASED ON OUR TOTAL PROJECTED REVENUES OF 3.37, AND IT DOES EXCEED OUR EXPENDITURES OF 3.14. SO WE WILL SEE A SURPLUS OF AROUND $235,000, UM, AT THE END OF, UH, THIS UPCOMING FISCAL YEAR, WHICH DOES BRING OUR TOTAL ENDING WORKING CAPITAL RESERVES TO JUST OVER 6.6 MILLION, UM, AT THE END OF FISCAL YEAR 20 26, 20 27. OKAY. AND COULD YOU, UH, YOU KNOW, 60, 60 SOMETHING PERCENT OF THE BUDGET IS COMMITTED TO DEBT SERVICE, AND COULD YOU ONE MORE TIME BREAK DOWN WHAT THAT DEBT SERVICE IS FOR? YEAH, SURE THING. SO THE, I THINK IT'S 16, IT ACTUALLY MIGHT BE 17.5 FOR THE SERIES 2016 DEBT, AND THAT IS FOR SAN JAINA BOULEVARD. AND THEN THERE'S ROUGHLY 7 MILLION FOR SERIES 2024, WHICH IS FOR, UH, A DETENTION POND, WHICH THAT CONSTRUCTION HAS NOT STARTED YET. OKAY. WE'RE STILL WORK WORKING ON ACQUIRING THE LAND. OKAY. VERY GOOD. THANK YOU. ANY OTHER QUESTIONS ABOUT THE BUDGET? I JUST, I DO HAVE A, A COMMENT. IT'S, UH, IT'S GONNA BE INTERESTING TO WATCH THE BUDGET GROW INTO THE VISION MM-HMM . 'CAUSE RIGHT NOW WE HAVE A BEING PRESENTED A WHAT COULD BE IN THE FUTURE. AND RIGHT NOW THE BUDGET IS VERY MUCH A KIND OF, UH,
[30:01] CONTINUE RESPONSIBLY, STEADY AS SHE GOES TYPE OF THING. AND SO THERE IS A, THERE'S A POINT IN THE FUTURE WHERE WE'RE GOING TO PIVOT TO CREATING NEW ASSETS. WE'RE GONNA, WE'RE GONNA GROW THIS BUDGET. OF COURSE, YOU MENTIONED SOME THINGS THAT ARE COMING ONLINE THAT ARE GONNA BE INTEGRAL TO OUR ABILITY TO, TO KIND OF, UH, BECOME THE VISION THAT WE SEE. YES. THAT, THAT, THAT'S CORRECT. AND, YOU KNOW, ONE OF THE, ONE OF THE THINGS THAT THE UPCOMING RETREAT IS, YOU KNOW, REALLY GOING THROUGH, THROUGH THE BUDGET, MAKING SURE THAT, YOU KNOW, THE EXPECTATIONS, YOU KNOW, YOU KNOW, OF, OF THE BOARD IS, IS BEING MET AND BEING REFLECTIVE WITHIN THE BUDGET AND, AND THE, THE COMMUNITY AS WELL. I THINK AS, AS ONE I'M, I'M INTERESTED IN THE FUTURE IN INVESTING IN THOSE NEW MM-HMM . NEW IDEAS OF, OF, UH, THAT WILL ACTUALLY GENERATE WEALTH WITHIN THE TURS, WHICH WHEN YOU CONSIDER TURS, WHEN THAT SHOULD NOT BE, UH, YOU SEE THAT YOU FEEL THE MOMENTUM ALREADY IN TOURS. ONE, A LOT OF THOSE EARLIER INVESTMENTS THAT WE'VE MADE, WHETHER IT'S SAN JACINTO BOULEVARD RIGHT NOW, THE INVESTMENT IN THE GARTH EXPANSION, OF COURSE. AND, UH, THE, THE RAMP REVERSAL PROJECT AND ON AND ON AND ON, UH, ARE NOW STARTING TO PAY SOME DIVIDENDS IN TERMS OF MOMENTUM. UH, SO THAT WILL BE INTERESTING, UM, TO WATCH IN THE FUTURE, UH, VERY GRATIFIED THAT THE, THE BUDGET SEEMS TO BE IN SUCH A, A STRONG POSITION RIGHT NOW WITH GOOD RESERVES, REVENUE COMING IN, REVENUE ONLY GROWING, NOT CONTRACTING, , YOU KNOW, SO I'M, I'M FAIRLY HAPPY WITH, UH, WHERE WE ARE, UM, AS A TOURS RIGHT NOW IN THIS BUDGET. ANY OTHER COMMENTS, QUESTIONS FROM ANY OF OUR BOARD MEMBERS? NOPE. OKAY. IF THERE ARE NO FURTHER QUESTIONS OR COMMENTS, I WILL ENTERTAIN A MOTION TO APPROVE THE RESOLUTION RECOMMENDING APPROVAL OF THE FISCAL YEAR 20 26, 20 27 BUDGET FOR JURORS ONE. DO I HAVE A MOTION? I ON THE SECOND, SECOND. SECOND. ALL IN FAVOR SAY AYE. AYE. AYE. AYE. ANY OPPOSED? OKAY. THANK YOU ALL AND THANKS BRIAN FOR ALL YOUR, YOUR HARD WORK ON THIS. I THINK IT'S, UH, IT'S REALLY WORTHWHILE AND IT'S VERY GRATIFYING TO SEE THINGS REALLY HAPPENING. WELL, THANK YOU, SIR. IT'S A, IT'S A TEAM EFFORT. UH, SO IT'S JUST NOT ME ALONE. AND THERE, THERE AREN'T OTHERS IN THE ROOM WHO HAVE, UH, YOU KNOW, THERESA, IT'S BEEN PHENOMENAL AND REALLY THE ONE WHO HER AND HER TEAM HAVE PUT TOGETHER THE, THE BUDGET. I'M JUST HERE TO PRESENT IT, BUT  . GREAT. SO THANK YOU. FANTASTIC. ALRIGHT, I WILL TURN THE FLOOR OVER TO STAFF BRIAN TO RECEIVE AND DISCUSS REPORTS FOR ITEMS OF COMMUNITY INTEREST, INCLUDING DEVELOPMENT RELATED PROJECTS, PROGRAMS, OPPORTUNITIES, POTENTIAL ITEMS FOR FUTURE MEETINGS. BRIAN? YES. THANK YOU. UH, MR. VICE CHAIRMAN, UH, THE FIRST THING I DID WANT TO BRING UP, UM, IS IN FACT THE, UM, 26 27 BUDGET FOR ZONE TWO. UM, SO WHAT, WHAT I'M RECOMMENDING AT YOUR NEXT MEETING, UM, WHAT WILL HAPPEN IS, IS ADOPTING JUST A ZERO REVENUE, ZERO EXPENDITURE, UM, BASELINE OPERATING BUDGET FOR THE ZONE, UM, DUE TO THE CITY'S FISCAL YEAR STARTING OCTOBER 1ST. UM, WE DO NEED A FORMAL ADOPTION OF AN ANNUAL BUDGET FOR ANY ACTIVE ZONES, EVEN THOUGH THAT, YOU KNOW, THIS ZONE MAY OR MAY NOT GENERATE AN INCREMENT, WE STILL NEED TO HAVE A, A BUDGET IN PLACE. SO ADOPTING THE, THE $0 REVENUE AND EXPENDITURE BASELINE OPERATING BUDGET, UM, WILL ALLOW US TO, TO MEET THOSE, UM, COMPLIANT REQUIREMENTS. BUT THEN AT THE SAME TIME, UM, I CAN COME BACK TO THE BOARD, UM, IN MARCH OR APRIL ONCE THE, UM, TAX ROLL AND ASSESSMENTS, UM, OUR FINALIZED, AND THAT'LL HELP DETERMINE WHAT THE ACTUAL INCREMENT, UM, GENERATED FOR, UM, SPECIFICALLY FOR ZONE TWO WOULD BE. AND THEN WE CAN MAKE THAT, UM, BUDGET AMENDMENT, UM, ONCE THE, ONCE THE PROPERTY TAX COLLECTIONS ARE RECEIVED. THEN THE SECOND THING I'D, I'D JUST LIKE TO COVER REAL QUICK, UM, IS JUST THE DRAFT REPORT. UM, ASTY MENTIONED OVER THE NEXT, YOU KNOW, MONTH OR SO, WE'LL HAVE, YOU KNOW, THE OPPORTUNITY TO KIND OF REALLY GO THROUGH, UM, THE REPORT IN ITS ENTIRETY. AND REALLY THIS IS AN IDEAL TIME, UM, FOR US TO ALIGN ON UPDATING THE PROJECT AND FINANCING PLANS, UM, FOR ZONE ONE AND ZONE TWO, AND, YOU KNOW, KIND
[35:01] OF, YOU KNOW, BASED ON, YOU KNOW, THINKING ABOUT THE FUTURE, UM, I'D RECOMMEND THE, THE BOARD HAVING A RETREAT, UM, MAYBE LOOKING AT THE OCTOBER MEETING, UM, AT THE EARLIEST, UM, THAT SHOULD ALLOW STAFF AMPLE TIME TO, UM, PREPARE, UM, FOR THE RETREAT. AND, AND ALSO REALLY WE WANNA FOCUS ON ESTABLISHING, YOU KNOW, LONG-TERM GOALS AND OBJECTIVES. WE WANNA LOOK AT PROJECT PRIORITIES AND, AND STRATEGIES. IN ADDITION TO THAT, UH, I THINK IT'S GONNA BE IMPORTANT TO LOOK AT, YOU KNOW, POSSIBLE EVALUATION OF ANNEXING, UM, UNDEVELOPED ACREAGE FOR EITHER ZONE IN FAST GROWING CORRIDORS, OR WHERE DEVELOPMENT IS STARTING TO SEE AN UPTICK. UM, REALLY THIS IS FOR US TO, TO MAXIMIZE, UM, THAT CAPTURED TAX, UM, INCREMENT IN THOSE AREAS. AND THEN FROM A REGULATORY STANDPOINT, UM, WE'RE ONLY ALLOWED TO RECEIVE UP TO 50% OF THE CITY'S OVERALL TAXABLE VALUE. SO THAT'S SOMETHING WE JUST WANT TO KEEP IN MIND, AND STAFF WILL EVALUATE THAT IN THE ASSESSMENT AS WE'RE, UM, WORKING WITH THE BOARD LOOKING AT, YOU KNOW, POSSIBLY ANNEXING ADDITIONAL ACREAGE INTO EITHER THE ZONES. UM, THEN THE, THE OTHER THING, UH, REALLY IS STRENGTHENING, YOU KNOW, OUR RELAT, YOU KNOW, OUR RELATIONSHIP AND PARTNERSHIP, UM, WITH HARRIS COUNTY. AND THEN ALSO, YOU KNOW, REALLY EXPANDING THAT INTO OTHER TAXING ENTITIES IN, IN DISTRICTS, YOU KNOW, SPECIFICALLY, UM, YOU KNOW, LEE COLLEGE AND, YOU KNOW, DEMONSTRATING TO THEM, YOU KNOW, FIRST WITH THIS, YOU KNOW, ECONOMIC, YOU KNOW, FEASIBILITY REPORT GOING THROUGH TO HELP DETERMINE WHAT THE DIRECT VALUE IS TO THEM AND SEEING HOW CAN WE, YOU KNOW, REALLY BOLSTER PRIVATE DEVELOPMENT, YOU KNOW, AND CREATE THAT BROADER TAX BASE, YOU KNOW, FOR THE COMMUNITY, BUT THEN ALSO HELP, UM, HELP OUR OTHER TAXING ENTITIES ON CAPITAL PROJECTS THAT THEY MAY NEED HELP, UM, FUNDING AND JUST REALLY KIND OF SPEARHEADING AND, AND THINKING ABOUT WHAT ARE THOSE COMMUNITY NEEDS. THEN LASTLY IS, UM, I NEED TO WORK WITH, UM, CITY MANAGEMENT, BUT THIS IS JUST TO PROVIDE THE BOARD WITH A QUICK UPDATE ON THE EXXONMOBIL BAYTOWN EVENT CENTER. UM, LAST WEEK THERE WAS A DESIGN SHOWCASE, UM, THAT TOOK PLACE, WHICH DID HIGHLIGHT THE INITIAL CONCEPTS, UM, OF THE BUILDING AND SOME OF THE AMENITIES THAT ARE GOING TO BE INCLUDED AND PROVIDED IN THAT SPACE. UM, SO WE WILL HAVE SOMEBODY PROVIDE, UM, REALLY AN OVERVIEW ON THAT CATALYTIC DEVELOPMENT, UM, TO ONE FOR Y'ALL TO GET A BETTER UNDERSTANDING, BUT THAT'S GONNA BE, YOU KNOW, EXTREMELY IMPORTANT, UM, AS YOU'RE SETTING THE, THE PRIORITIES AND SETTING THE GOALS AND, AND FIGURING OUT, YOU KNOW, WHAT THE, THE PROJECTS ARE GONNA BE FOR, FOR THE AREAS, UM, AND, AND REALLY EVALUATING THOSE, YOU KNOW, INTO THE FUTURE. SO WITH THAT, THAT IS ALL I HAVE FOR, FOR THE BOARD THIS AFTERNOON. THANK YOU. UH, DO THE BOARD MEMBERS HAVE ANY, UH, COMMENTS ON THAT OR QUESTIONS OR ANY SPECIFIC ITEMS YOU'D LIKE TO PLACE ON A FUTURE AGENDA? I JUST WANTED TO ASK, WHEN WILL THE UPDATE ON THE EVENT CENTER, HOW WOULD THAT BE BE PRESENTED? MORE THAN, MORE THAN LIKELY IT'LL BE, WE PROBABLY COULD DO THAT EITHER AT THE SEPTEMBER, UH, SEPTEMBER MEETING, OR IT MAY MAKE SENSE IF, IF THE RETREAT'S GONNA TAKE PLACE AT THATTO OCTOBER MEETING JUST TO HAVE AMPLE TIME, UM, AT THAT MEETING AS WELL. SO IT'LL DEFINITELY BE IN THE NEXT MONTH OR TWO. OKAY. ONE SECOND QUESTION. THE RETREAT, IS THAT TYPICALLY OUR NORMAL MEETING TIME OR IS A LONGER PERIOD OF TIME? IT, IT WOULD BE DURING YOUR NORMAL MEETING TIME, BUT JUST BE PREPARED, YOU KNOW, IT MAY RUN, YOU KNOW, WE MAY BE HERE, YOU KNOW, TWO, THREE, HOWEVER MANY HOURS, NO, HOPEFULLY NOT MORE THAN THREE. SO IT'S, IT'S LOCAL. YES. YES. HERE IT'S LOCAL. SO YOU'RE NOT TAKING THIS ON VACATION TO THE WOODLAND OR SOMETHING. NO, I'M JUST KIDDING. , YOU FINALLY CAN, CAN I ASK ONE MORE? SURE. UH, BRIAN, REGARDING THE, UH, UH, RELATIONSHIP, UH, WHAT OPPORTUNITIES DO YOU SEE WITH THE OTHER TAXING UNITS? SO I KNOW FOR, FOR HARRIS COUNTY, I THINK THERE'S, THERE'S CONTINUED INTEREST AND THERE'S BEEN OPEN COMMUNICATION, UM, SPECIFICALLY FOR THEIR PARTICIPATION IN ZONE ONE. AND REALLY ONE OF THE ASKS FROM HARRIS COUNTY, YOU KNOW, WAS FOR BAYTOWN TO DO ITS HOMEWORK,
[40:01] TO DO ITS DUE DILIGENCE AND TO REALLY UNDERSTAND AND BE ABLE TO PROVIDE, UM, AN EVIDENCE-BASED APPROACH AS TO HOW PROJECTS ARE DETERMINED. AND, AND SO REALLY, YOU KNOW, KIND OF THE FIRST STEP, YOU KNOW, THE RECOMMENDATION BRINGING, BRINGING TY ON BOARD AND HIS HIS TEAM IS TO TAKE A THOROUGH LOOK SO THAT THE COUNTY, YOU KNOW, IS, IS CONFIDENT AS TO WHY WE ARE BRINGING, YOU KNOW, CERTAIN PROJECTS TO THE TABLE FOR, FOR FUNDING. UM, BUT THEN WITH THAT ALSO BEING ABLE TO WORK, YOU KNOW, CLOSELY WITH THE OTHER TAXING ENTITIES AND UNDERSTANDING KIND OF, YOU KNOW, THEIR, THEIR NEEDS, UM, AND INVESTMENT. WHAT WOULD END UP HAPPENING, AND, AND SANDY PLEASE, UH, CORRECT ME IF I'M WRONG, BUT, UM, IF ANOTHER TAXING ENTITY IS INTERESTED IN JOINING THE, THE BOARD OR THE ZONE, THEN THEY WOULD GET A, A MEMBER TO SERVE ON THE BOARD AND THERE WOULD BE A PROCESS ASSOCIATED, UM, WITH THAT. AND I THINK IT'S ONLY ONE, UM, ONE MEMBER PER ADDITIONAL TAXING ENTITY. I GUESS WHAT I'M ASKING IS, I GUESS IS THERE HAVE TO BE SOME BENEFITS TO THEM, RIGHT? YES. WHAT DO YOU SEE THAT TO BE? I, I WOULD SAY, UM, FUNDING, ONE FUNDING FOR PROJECTS AND THEN ALSO WHEN IT COMES TO, YOU KNOW, THEIR, THEIR TAXING RATE, YOU KNOW, AS, AS WELL KIND OF HELPING SHIELD, UM, THEIR, THEIR RATE. AND I WOULD JUST, UM, SPEAK AS THE HARRIS COUNTY REPRESENTATIVE ON THIS BOARD, IS THAT THEY WANT US TO DO A BETTER JOB OF JUST BEING MORE COMMUNICATIVE AND INCLUSIVE MM-HMM . RIGHT? SO INFORMATION THAT COMES FROM HIM FOR THEM TO FIND OUT ABOUT IT BEFOREHAND INSTEAD OF AFTER HAND, WHICH IS WHY I'M HERE. YEAH. SO. OKAY. THANK YOU. OKAY. ANY OTHER DISCUSSION ITEMS YOU WANT TO ADD TO THE NEXT AGENDA? OKAY, THANK YOU, BRIAN. YOU'RE WELCOME VERY MUCH. UH, WITH THAT, THIS CONCLUDES ALL SCHEDULED BUSINESS ON OUR AGENDA TODAY. SO I WILL ENTERTAIN A FINAL MOTION TO ADJOURN THE MEETING. SO MOVE, UH, DO YOU DO IT SECOND? ANYBODY? THIRD AND FOURTH? YEAH, THIRD AND FOURTH. SECOND AND THE THIRD AND FOURTH. OKAY. ANYONE NOT MOTIONING THIS IN THE, IN THE MEETING. OKAY. WITH THIS, THIS MEETING, STAN'S ADJOURNED. THANK YOU. THANK YOU GUYS. YOU, BRIAN, APPRECIATE IT.