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[00:00:01]

RECORDING IN PROGRESS.

OKAY.

VAL, UH, AND UH, BOARD MEMBERS, I THINK WE'RE READY TO START THIS MEETING.

UH,

[1. Establishment of quorum and call to order.]

THIS MEETING OF THE BOARD OF DIRECTORS OF THE DOWNTOWN AND CURRENT REINVESTMENT ZONE TURF.

NUMBER ONE IN PORT ARTHUR, TEXAS IS NOW CALLED TO ORDER.

THE TIME IS TWO 16.

A NOTICE HAS BEEN HEREBY GIVEN TO THE BOARD OF DIRECTORS OF THE DOWNTOWN TURF.

NUMBER ONE WOULD BE HELD MEETING IN PORT ARTHUR, TEXAS ON THURSDAY, OCTOBER 14TH, 2021 AT 2:00 PM AT THE PORT ARTHUR CITY HALL, FIFTH FLOOR COUNCIL CHAMBERS.

UM, IN ADDITION TO ALLOWING EACH PERSON TO BE IN ATTENDANCE, A QUORUM OF THE BOARD WILL BE PHYSICALLY PRESENT AND PRESENT IN THE CITY.

UH, COUNCIL CHAMBERS ON THE FOURTH, FIFTH FLOOR IS CITY HALL, 4 4, 4 FOURTH STREET, PORT ARTHUR, TEXAS.

THE PUBLIC MAY PARTICIPATE, UH, IN THIS MEETING IN PERSON OR BY DARWINIAN AND ONE OF THE FOLLOWING TOLL FREE NUMBERS AND ENTER THE MEETING ID CODE 8 5 9 2 7 6 5 3 8 8 2.

AND USE THE PASS CODE OF 2 42 8 3 8.

NOW THIS MEETING IS NOW CALLED TO ORDER.

UH, WE GOT, UH, WE GOT A SHORT AGENDA, SO WE'RE GOING TO FOLLOW THIS AGENDA AS, UH, PRINT IT.

SO FIRST, UH, CITY SECRETARY, WOULD YOU MIND ESTABLISHING A QUORUM? AND AFTER WE DO THAT, I GUESS THAT, WELL, LET ME BACK UP.

CAUSE WE STARTED TO DO THIS, THE INVOCATION OF A BOARD MEMBER, MOSES, WOULD YOU MIND SAYING THE INVOCATION AND THEN WE'RE GOING TO ESTABLISH A QUORUM AND GET TO BUSINESS? OH, FATHER GOD.

IN THE NAME OF JESUS, WE JUST THANK YOU FOR ALLOWING US AN OPPORTUNITY TO COME INTO A CITY, OUR CITY HALL, AND TO BE ABLE TO HEAR GOD AND HELP AND DO WHAT WE CAN IN THIS TERSE DISTRICT AND FOR THIS MEETING FOR THE CITY AND GOD, WE THANK YOU THAT EVERY BUSINESS THAT WILL COME IN WILL BE BLESSED BY OUR, JUST OUR CITY ALONE.

WE THANK YOU FOR THESE BOARD MEMBERS.

WE THANK YOU FOR THOSE THAT ARE SERVING AND WE GIVE YOU ALL GLORY HONOR AND PRAISE IN THE MIGHTY NAME OF JESUS.

WE PRAY.

AMEN.

WOULD YOU SHARE WITH ME WITH THE PLEDGE OF ALLEGIANCE AND IT STATES THAT WHEN THEY'RE VISIBLE WITH LIBERTY AND JUSTICE FOR ALL.

OKAY.

THANK YOU.

A BOARD MEMBER, MOSES FOR THAT INDICATION, UH, CITY SECRETARY, WILL YOU NOW, UH, EXCUSE ME, CITY ATTORNEY, WOULD YOU NOW ESTABLISH A QUORUM? OKAY.

UM, COUNCIL MEMBER THOMAS, KEN LAW CHAIRMAN PRESENT COUNCIL MEMBERS, CHARLOTTE MOSES, UH, MIRROR, THURMAN BARTEE, FROZEN, UM, COUNTY COMMISSIONER, JEFFERSON COUNTY, MICHAEL SHANE SINEGAL, UH, COMMISSIONER JEFFERSON COUNTY DRAINAGE DISTRICT NUMBER SEVEN, UH, JAMES GAMBLE, WHEREAS IT OKAY.

UM, JOSEPH JOHNSON COMMISSIONERS TO BEING NATURE'S NAVIGATION DISTRICT.

OKAY.

UH, MR. CHAIRMAN, YOU HAVE A QUORUM.

THANK YOU.

A CITY ATTORNEY.

UH, NOW

[2. Approval of Minutes from the previous TIRZ Board Meeting held on June 17, 2021.]

WHEN WE WOULD GO TO, UH, TO APPROVE OF THE MINUTES FROM THE PREVIOUS TURF BOARD MEETING THAT WAS HELD JUNE 17TH, 2021 MIGHT HAVE A MOTION TO ACCEPT THAT WAS JIM.

UH, HAVE A SEC.

YES, SIR.

OKAY.

IT'S BEEN MOTION AND SECOND, A MOTION BY COUNCILWOMAN, UH, MOSES AND SECONDED BY MAYOR BARTEE.

UH, ANY QUESTIONS AT THIS POINT, IF THERE ARE NO QUESTIONS ON THE MINUTES, I NOW CALL FOR A VOTE ALL IN FAVOR, SIGNIFY BY SAYING, AYE, THOSE OPPOSED THE MINUTES HAVE BEEN PASSED NEXT

[3. Update regarding the Financial Reporting requirements.]

BULLET POINT NUMBER THREE, UPDATING REGARDING A FINANCIAL REPORT REQUIREMENTS, VAL, WHO WE GOT DOING THAT.

OKAY, I'LL START OFF.

AND THEN MR. ALLEN IS ALSO ON THE LINE ON OUR ZOOM, UM, AND HE WILL BE ABLE TO BE HEARD AS WELL.

SO FOR NUMBER THREE, UH, IS AN UPDATE REGARDING THE FINANCIAL REPORTING REQUIREMENTS.

UM, AS YOU ALL KNOW, WE HAD A LOT OF UPDATES TO DO TO MAKE SURE THAT ALL OF OUR TERMS FINANCING, UH, IN ALL OF OUR REPORTS WERE UP TO SPEED AND, UH, UP TO DATE.

AND WE DID EMPLOY MR. CARLOS ALLEN TO HELP US WITH THAT AND TO GET EVERYTHING TURNED IN.

AND, UH, MR. ALLEN, I'LL GO AHEAD.

AND, UH, YOU'RE HERE ON THE ZOOM CALL, IF YOU CAN, UM, JUST KINDA ELABORATE ON WHAT'S BEEN DONE AND, AND, UH, WHERE, WHERE WE ARE NOW WITH THAT.

YES.

UH, SINCE THE SURGE WAS ESTABLISHED, THE CITY HAD DONE A PRETTY GOOD JOB OF KEEPING ALL OF THE NECESSARY RECORDS THAT HAVEN'T BEEN NECESSARY, FINANCIAL, UH, AUDITS PERFORMED.

UH, BUT ONE OF THE REQUIREMENTS,

[00:05:01]

UH, IMPOSED BY THE, UH, THE STATE LEGISLATOR IS THAT WINTERS ARE CREATED THAT THE CREATION DOCUMENTS AND THEN ALL SUBSEQUENT FINANCIALS ARE SENT TO THE, UH, THE, THE TEXAS, UH, CONTROLLER.

AND SO IN THIS PROCESS, UH, WE GATHERED ALL OF THE NECESSARY DOCUMENTS, SUMMARIZED THE PERTINENT INFORMATION AND RETURNED BACK TO A REQUIRED FORM.

UH, WE DIDN'T RECEIVE ANY CALLS FROM THE CONTROLLER.

WE WAITED ABOUT A MONTH AFTER, UH, WE HAD RECEIVED A USTS, UH, CONFIRMING THAT THEY HAD DELIVERED IT AND JUST CONFIRMED WITH THE CONTROLLER'S OFFICE THAT THEY DID RECEIVE THOSE PACKETS AND THAT THEY ARE IN THEIR SYSTEM.

SO AS OF RIGHT NOW, UH, THE TOURISM IS IN COMPLIANCE WITH ALL OF THE, UH, STATE FINANCIAL DISCLOSURE REQUIREMENTS, UH, ON AN ONGOING BASIS.

UH, WHENEVER THE FINANCIALS ARE, UH, UH, DONE BY THE CITY, AS LONG AS THE TARDIES IS INCLUDED IN IT, WE ALSO STILL NEED TO FILE IT ANNUALLY WITH THE STATE CONTROLLER, IF I MAY.

THANK YOU, MR. ALLEN, AND THANK YOU FOR ALL OF YOUR WORK ALONG WITH OUR FINANCE TEAM.

THAT'S HERE TODAY, UM, ON MAKING SURE THAT NOW EVERYTHING IS IN COMPLIANCE.

I KNOW THE SOUND WAS A LITTLE BIT LOW, SO JUST TO MAKE SURE THE BOARD KNOWS THAT WE ARE, HEY, WE ARE, WE HAVE FULFILLED ALL FINANCIAL REQUIREMENTS AND EVERYTHING'S UP TO DATE AT THIS POINT.

UM, SO WE, WE, WHERE WE, UH, YOU ALL DIRECTED US TO BE, TO GET EVERYTHING IN, UH, AS MR. ALLEN SAID, I WANT TO THANK YOU AGAIN FOR WORKING WITH US ON THAT AND THE CITY FINANCE TEAM AS WELL.

SO, UM, THAT'S BASICALLY OUR REPORT, MR. ALLEN WILL BE WORKING, UH, WITH US TO MAKE SURE THAT EVERYTHING WE DO, THAT WE REMAIN IN COMPLIANCE WITH WHAT THE COMPTROLLER WANTS, BUT I KNOW THAT, UM, AND MAKING SURE WE MEET ALL THE STATUTORY REQUIREMENTS.

AND I KNOW THAT ALSO YOU HAD, UH, WE HAD TALKED PREVIOUSLY ABOUT MAKING SURE THAT IF THERE ARE OTHER TAXING ENTITIES THAT WANT TO BE INVOLVED WITH THE TERS, THAT, THAT WAS ONE OF THE FIRST STEPS TO MAKE.

WELL, THAT WAS ONE OF THE MAIN STEPS IS TO MAKE SURE WE'RE IN COMPLIANCE.

SO WE ARE, AND WE'LL BE DRAFTING A LETTER, UH, IN WORKING WITH MR. ALLEN ON THAT TO DRAFT A LETTER TO THE THERE'S A COUPLE OF, I KNOW THERE'S ANOTHER ENTITY THAT'S INTERESTED IN BEING INVOLVED, LETTING THEM KNOW THAT WE ARE IN COMPLIANCE AND THEY MAY BE COMING TO, UH, BE A PART OF THIS SOON.

SO WE'RE GOING TO MAKE THAT OUR NEXT ACTION ITEM ON THE PART OF THE CITY ATTORNEY QUESTIONS MAY OF OUR TEAM.

UH, AND I THINK CITY ATTORNEY, UH, PROBABLY ANSWERED WHAT I WAS GETTING READY TO ASK.

SHE SAID THAT THEY ARE GOING TO SEND THE ENTITY.

IT HAD, UH, EXPRESSED A DESIRE TO BECOME A PART OF THE CHURCH.

UH, THE LETTER SHOWING THAT WE ARE IN COMPLIANCE.

AND IF THERE BE ANY OTHER, UH, COMMUNICATIONS THAT YOU NEED TO DO WITHOUT ATTORNEY, AS OUR ATTORNEY AND THE OTHER, UH, ATTORNEY THAT WE HAVE, YOU ALL WOULD COMMUNICATE WITH THEM SO THAT THEY CAN, THEY WOULD KNOW THAT, THAT WE ARE IN COMPLIANCE AND THEY CAN GET ON BOARD.

AND WE WOULD DO THAT AND WE'LL BE COORDINATING A LETTER TO THEM THIS WEEK.

OKAY.

OKAY.

OKAY.

ANY OTHER QUESTIONS? UH, COACH GAM? YOU GOT A QUESTION? NO, NO QUESTION.

OKAY.

UH, THANK YOU FOR THAT FINANCIAL REPORT.

I GUESS WE CAN MOVE ON TO

[4. Discussion regarding the existing TIRZ Boundaries and Potential Projects.]

POINT NUMBER FOUR, DISCUSSING REGARDING EXISTING TERP, HONOREES AND POTENTIAL PROJECTS ABOUT WHO WE GOT.

OKAY.

SO ON NUMBER THREE, UM, WE'VE HAD, UH, A COUPLE OF GET, I'M SORRY, NUMBER FOUR.

WE'VE HAD A COUPLE OF, UH, DISCUSSIONS ABOUT DOING SOME THINGS WITH THE BOUNDARIES.

AT ONE POINT, WE'VE LOOKED AT POSSIBLE BOUNDARY CHANGE, UM, UH, IN PLEASURE ISLAND AND, UH, BECAUSE OF SOME EROSION ISSUES, WE'RE STILL STUDYING THAT, BUT THERE WAS ANOTHER BOUNDARY ISSUE THAT CAME UP TODAY AND I'M GOING TO, UM, LET THE CITY MANAGER AND MR. OTHER ATTORNEY, UH, JUMPING IN WHENEVER THEY'RE READY.

UM, BUT WHAT I DID WAS, UH, WE PUT THE MAP THAT YOU'RE FAMILIAR WITH, WHICH IS THE CURRENT TERS BOUNDARY.

UM, AND THEY CAN MAKE IT BIGGER IF YOU'D LIKE.

AND THEN WE TALKED ABOUT ADDING AN ADDITIONAL AREA AND PLEASURE ISLAND, BUT WE'LL, WE'LL TALK ABOUT, WE WERE STILL INVESTIGATING IF THERE WERE ANY EROSION CONCERNS, BUT THERE WAS ANOTHER ENTITY THAT CAME TO THE CITY THAT WANTED TO TALK ABOUT SOME POSSIBLE INCENTIVES OR, OR ECONOMIC DEVELOPMENT TOOLS THAT COULD BE UTILIZED.

AND THAT PARTICULAR ENTITY IS WITHIN THE BOUNDARY OF THE, UH, ORIGINAL BOUNDARY OF THE TERMS THAT YOU SEE HERE IN YELLOW.

UM, MR. TREY, AND I DON'T KNOW IF YOU WERE, MR. HARRIS CAN MAKE IT BIGGER.

OKAY.

ALL RIGHT.

AND JUST TO BE CLEAR, I THINK THAT, UM, IF THE CITY MANAGER OR ANY OF YOU, WOULD YOU LIKE TO KIND OF GIVE US AN IDEA OF WHERE THAT LOCATION IS? CAN YOU PINPOINT IT, MR. OKAY.

[00:10:01]

SO, UH, AS YOU SEE IN THE MIDDLE OF THE TERMS, I BELIEVE THAT IS, UM, SOMEWHAT IN THE MIDDLE OF RIGHT AFTER BETWEEN FOURTH STREET AND PROCTOR AND THAT AREA, THERE IS AN ENTITY THAT WOULD LIKE TO DEVELOP A PARK APARTMENT COMPLEX.

UM, WE CAN TALK ABOUT THE, THE INTENT OF THE TERMS AND THE RULES SET FORTH IN THE TERMS MAY NOT ALLOW THEM TO MAINTAIN THAT TYPE OF PROJECT AND THE TERRORS.

AND THERE'S BEEN, UM, I GUESS THE IDEA WE'D LIKE TO TALK ABOUT IS POSSIBLY, UH, REMOVING THAT AREA FROM THE TERRORS.

UM, AND THEN THAT WOULD ALLOW THE CITY TO, UH, HANDLE SOME INCENTIVES WITH IT.

UM, BUT WE'RE, WE'VE TALKED ABOUT BASICALLY PROPOSING THAT THE BOUNDARIES OF THE TERS BE AMENDED, UH, TO CARVE THAT PARTICULAR AREA OUT.

LET ME JUST GIVE A SMALL INTRODUCTION IN THE, IN FOR THE INTEREST OF THE PUBLIC, SINCE THIS IS A PUBLIC MEETING.

UM, I KNOW SOME OF US WHO WAS PRESENT AT THE, UM, OCTOBER 12TH MEETING ON TUESDAY, WE DO HAVE, UM, WE WILL, UM, WE WILL EXPOSE, UH, UM, THROUGH THE INFORMATION THAT WAS PROVIDED BY THE NDC, BUT FOR THE MEMBERS OF THE BOARD, UM, WHO WOULD NOT PRESENT, YOU KNOW, UM, LET ME SAY THIS, THE NDC WAS REPRESENTED AT THE, AT THE, UM, SEPTEMBER 12 COUNCIL MEETING AND, UM, MS. TIFFANY DOOGAN, WHO IS A SENIOR DIRECTOR WITH THE MDC, THE NATIONAL DEVELOPMENT COUNCIL MADE A SMALL, MADE A PRESENTATION TO THE CITY COUNCIL REQUESTING SOME SORT OF, UM, INCENTIVES FOR THE ESTABLISHMENT OF A MULTIFAMILY HOUSING IN THE CHURCH, UM, IN THE DOWNTOWN AREA, UM, AS THE CITY ATTORNEY INDICATED, YOU KNOW, UM, WE DID INFORM MS. DOUGAN THAT, UM, THE MATTER WOULD HAVE TO GO BEFORE THE BOARD, BEFORE HER REQUEST COULD HAVE BEEN APPROVED OR ENTITY, UM, FOR INCENTIVES BY THE CITY.

AND THAT'S WHERE WE ADD TO D UM, AS, AS, UH, AS A RESULT OF THAT, UM, JUST A LITTLE BIT OF THE GENESIS OF THE PROJECT.

THE PROJECT REALLY ORIGINATED, UM, FROM THE, UM, THE EDC, THE EDC WAS THE ORIGINAL OWNER OF THE PROPERTY.

UM, THE EDC SOLD THE PROPERTY ABOUT A YEAR OR TWO AGO TO THE NDC.

AND, UM, SO THE, THE, THE NDC IS PARTNERING WITH ANOTHER LOCAL, UM, NONPROFIT ORGANIZATION TO PUT, I THINK IT'S ABOUT 135 OR MORE UNITS, MOC WORKFORCE HOUSING UNITS IN THAT PARTICULAR AREA IN, IN, IN THE DOWNTOWN, UM, WHICH, UM, UM, WE THINK WILL BRING SOME SORT OF VIBRANCY AND LIFE TO THE AREA.

UM, BUT AS THE CITY ATTORNEY INDICATED, THERE ARE SOME CHALLENGES AS FAR AS, UM, IN TERMS OF THE TAXES AND REVENUE TO BE DERIVED.

AND SO IT WAS THOUGHT IN THE BEST INTEREST OF THE TUBES AND IN THE BEST INTEREST OF DEVELOPMENT AND THE DOWNTOWN AREA, THE, UM, THE DEVELOPED BEEN BE CARVED OUT OF THE, OF THE, UM, OF THE CHURCH.

AND SO I'LL HAND OVER TO ART.

AND THEN I JUST WANTED TO SAY SOMETHING ABOUT THE PROJECT.

THE PROJECT WILL BE SOME MARKET RATE, AND THEN THERE WILL BE SOME, UM, THAT THINK 70% OF THE 108 UNITS WILL BE, UM, AT 80% OF THE AREA MEDIAN INCOME, BUT AS THE MANAGER STATED, THERE WILL BE NO TAXABLE INCOME FOR THE CITY FROM THAT.

AND THAT IS ONE OF THE REASONS IT WOULDN'T FIT PROPERLY IN THE REINVESTMENT ZONE, BUT I'LL TURN IT OVER TO ART.

YES, I'VE TURNED IN MY PHONE.

IF YOU DON'T MIND JUST HOLD THE ORIGINAL INVESTMENT IS, WOULD BE $20 MILLION.

OKAY.

20 MILLION, 50 MILLION.

OKAY.

OKAY.

YES.

AND IF I MAY COMMISSIONS FROM AN ECONOMIC DEVELOPMENT STANDPOINT, REVITALIZATION STANDPOINT, THAT'S A $20 MILLION INVESTMENT IN A HOUSING, ESPECIALLY MIXED INCOME HOUSING HOUSING PROJECT.

THAT'S A, THAT'S A GREAT INVESTMENT PROJECT FOR THE, FOR THE CITY.

BUT ONE OF THE THINGS THAT, THAT YOU, UH, HAVE TO UNDERSTAND AS FAR AS THE TAX REINVESTMENT ZONE IS, IS THE WAY THE TECH'S REINVESTMENT ZONE OPERATES AND THE WAY IT CONTINUES ITS VIABILITY IS BY TAKING THE TAX DOLLARS, THE INCURRENT INCREMENT TO INCREASE FROM THE BASE TAX TAX AMOUNT FROM WHEN WE FIRST STARTED THE TERRACE AND PUTTING THAT MONEY, REINVESTING THAT INTO THAT AREA.

WHEN YOU, WHEN YOU, WHEN YOU TAKE A LARGE PORTION OF THAT AND MAKE IT NON-TAXABLE, THEN THAT GOES AGAINST THE WHOLE IDEA OF, OF THE TOURIST.

BUT WHAT YOU'RE, WHAT YOU'RE ABLE TO DO UNDER THE LAW IS TO

[00:15:01]

CARVE OUT USE TWO YEARS AGO, WHEN WE FIRST STARTED THIS, THE WHOLE TERRORIST HAD TO BE CONTIGUOUS.

NOW IT DOES NOT HAVE TO BE CONTIGUOUS.

SO, SO WE COULD JUST TAKE THE AREA WHERE THE HOUSING UNIT IS, TAKE THAT OUT, DELETE THAT FROM THE, FROM THE TERRORIST AND THEN KEEP THE REST OF THE TOURIST INTACT.

SO IT TAKES OUT THAT THAT TECH, IT WOULD NOT AFFECT ANY OTHER INCENTIVES OR ANY OTHER PROJECT THAT YOU HAD WITH THE CITY, BUT WHAT IT DOES, WHAT DOES DO IT, AND, UH, IT TAKES IT OUT OF THE TOURIST SO THAT IT DOESN'T AFFECT THE TAX TAXABLE VALUE OF THE PROPERTY THERE.

OKAY.

UH, BOARD MEMBERS QUESTIONS.

UM, I HAVE A QUESTION.

SO HOW SOON THAT WE CAN DO THAT PARTICULAR.

SO WHEN WE DETERMINE, UH, THE LAND LOT PLOT, WHATEVER, HOW DO YOU GO ABOUT TAKING ACTIONS ON THAT AS A BOARD? WHAT WE, WHAT WE WOULD DO, WE WOULD LOOK AT IT, WE'D GO THROUGH THE PROCEDURE, THE, THE, UH, ONCE WE PULL IT OUT SO THAT YOU GUYS CAN SEE IT, WE'LL BRING IN ADAM AT A MEETING AND SAY, THIS IS WHAT WE'RE PLANNING ON DOING.

THIS IS THE PAPERWORK ON, HOW ARE WE GOING TO GET IT STARTED? YOU GUYS GIVE US A YAY OR NAY.

AND THEN WE START POSTING AND DO IT, DOING IT, START PUBLISHING THE NOTICE AND DOING IT, BUT WE WANT TO BRING IT FORWARD TO YOU SO YOU CAN SEE EXACTLY WHAT IT'S GOING TO LOOK LIKE, SEE WHAT THE VALUATIONS ARE.

AND THEN ONCE WE GET YOUR, OKAY, WE MOVE FORWARD WITH, WITH TAKING IT OUT QUESTIONS.

I HAVE A QUESTION.

YES.

I'M BOARD MEMBER.

MOSES.

THANK YOU.

UM, CHAIRMAN, UM, THE QUESTION IS WE, WE VOTED ON THIS PROJECT A WHILE BACK THROUGH THE EDC AND WITH THE CITY, THE CITY'S CONFIRMED THIS PROJECT.

THEY'RE AT A POINT WHERE THEY'RE READY TO START THE CAUSE FROM THEIR PRESENTATION.

THEY'RE READY TO BEGIN WITH US, POSTPONE US, TAKING THE TIME OUT FROM HER PRESENTATION IN FRONT OF ME, FROM WHAT I UNDERSTAND AND MY RIGHT SENIOR MANAGER THAT SHE SAID, THEY WANT IT TO START IN THE NEXT COUPLE OF WEEKS.

YES.

YES.

BUT THIS WOULD NOT AFFECT THEIR PROJECT AT ALL.

OKAY.

I JUST WANT TO MAKE SURE I'M CLEAR ON WHAT I, THAT'S, WHY I'M ASKING THE QUESTIONS.

WELL, THIS WHOLE THEM, THEM UP, BECAUSE WE DON'T WE'RE SO OFTEN PEOPLE ARE READY TO BUILD, READY TO GO, AND WE HAVE TO GO BACK AND REANALYZE REDO AND IT HOLDS THEM UP.

I JUST DON'T WANT US TO BE IN THAT PREDICAMENT.

NO, MA'AM WITH THE, WITH THE TERRORIST, IT, IT DOESN'T, IT DOESN'T AFFECT THEM AT ALL BECAUSE IT ONLY AFFECTS TAXABLE PROPERTY.

THAT PROPERTY IS NON-TAXABLE.

ONCE, ONCE WE BOUGHT THE PROPERTY THROUGH THE EDC, WE TOOK IT OFF THE TAX ROLLS THERE AND THE ENTITY THAT THEY SOLD IT TO TOOK IT OFF THE TAX ROLLS.

SO THAT PROPERTY THERE IS NOT ON THE, ON THE, ON THE TAX ROLLS.

WHAT WE'RE TRYING TO MAKE SURE IS THAT IT STAYS OFF OF THE TEXTUAL ARE, ARE THE PURPOSE OF THE TERMS WAS TO PUT THAT PROPERTY ON TO THE TAX ROLLS.

NOW, NOW THAT THE CITY HAS MADE THE DECISION NOT TO PUT IT ON THE TAX ROLLS, THEN IT'S BEST TO PULL IT OUT OF, OUT OF THE TOURIST.

CAUSE IT'S NOT, IT'S NOT GOING TO HELP THE TERMS AT ALL WITH THE TAXABLE VALUE AND THE TOURIST.

SO IT SHOULD NOT AFFECT THEM AT ALL BECAUSE THEY'RE, THEY'RE NOT AFFECTED TAX WISE, PROPERTY TAX WISE, PROCEDURE WISE.

IT WOULDN'T AFFECT THEM AT ALL.

GREAT.

THANK YOU.

I HAVE A QUESTION.

REMEMBER, GAMBLE, CAN THIS, CAN THIS HAPPEN TO US ON DOWN THE LINE, BUT SOME OF THE OTHER AREAS THAT THAT'S IN THAT'S INVOLVED IN? YES, YES WE HAVE.

WE HAVE TO, AS A BOARD, WE HAVE, WE HAVE TO MAKE SURE THAT WHEN WE START LOOKING AT PROJECTS, THAT WE LOOK AT PROJECTS THAT ARE GOING TO BRING TAXABLE VALUE TO THE, TO THE TOURIST, BECAUSE THAT'S WHY YOU WANT TO THERESE.

YOU WANT THE TERMS TO BE ABLE TO BE SELF-SUPPORTING TO TAKE THAT INCREMENT, THAT YOU GET OFF THAT TAXES TO PUT THAT BACK INTO THE, INTO THE TOURIST.

SO IT HELPS DEVELOP THE CITY THROUGH THAT TAX MONEY INSTEAD OF YOU HAVING TO BRING, UH, EITHER FUNDS FROM THE COUNTY OR THE OTHER ENTITIES INTO SUPPORTING IT.

SO YOU DO THAT THERESE TO MAKE ITSELF SELF-SUPPORTING FOR, FROM THE TAXES THAT COME FROM THE UNITS.

OKAY.

OKAY, JIM, TURN IT.

YES.

OKAY.

I JUST WAS KIND OF CLARIFYING AS WELL BECAUSE THEY'RE ASKING FOR INCENTIVES, BUT TERS, CAN'T GIVE THEM INCENTIVE BECAUSE I JUST SAID YOU CAN'T, WE DON'T, THEY'RE NOT PRODUCING ANY TAX, NO TAXES.

OKAY.

SO IT WOULD BE UP TO THE CITY AFTER THEY GET CARVED OUT.

YES.

OKAY.

UH, EXCUSE ME.

NO, NO ONE IS, I'M TRYING TO UNDERSTAND THE, UH, PROGRESSIONS ON THIS COUNCIL.

MOST OF IT'S JUST SAYING THAT WE VOTED ON THIS PRIOR TO PRIVATE, PRIOR TO EVEN COMING ON COUNCIL.

THAT WAS SOMETHING I THINK THAT EDC HAD WORKED ON PRIOR TO THIS.

NOW WHAT I JUST LEARNED TO TELL ME A COUNTY ATTORNEY FIRST Y'ALL HAVE, I DIDN'T LEARN THIS JUST NOW

[00:20:01]

THE TERM WE ARE HERE AND WE NEED TO LOOK AT PROJECTS BECAUSE YOU SAID WHAT I WAS THINKING, WE NEEDED TO BEGIN LOOKING AT PROJECTS THAT ARE GOING TO BE TAXABLE PROJECTS IN THIS PARTICULAR BLOCK OF LAND, THAT WHAT WE DID WITH, UM, I'M, I'M UNDERSTANDING CORRECTLY.

I'M NOT BLAMING ANYBODY.

WE LET SOMETHING SLIP BY US BY, WITH A PROJECT THAT WE CANNOT, IF NOT NON TAXABLE, THAT WE'RE GOING TO PUT THERE, THAT'S GOING TO BENEFIT FROM EVERYTHING THAT'S GOING TO GO ON AROUND IT.

BECAUSE NOW IF I'M, IF I'M JUST GOING TO UNDERSTAND IT, THEY ARE ASKING FOR, I WAS READING SOMETHING THIS MORNING ABOUT THAT PRESENTATION, IF IT'S $707,000 A SEMESTER TO MOVE THAT, UH, TH TH THE INFRASTRUCTURE THAT'S THERE.

I MEAN, I'M TALKING ABOUT SOMETHING THAT MAYBE DOESN'T GO WITH THIS KIND OF LIVE IT, BUT THE IDEA IS I'M GOING TO WRAP IT ALL UP.

IS THAT IN THE FUTURE, IF IT, OUR JOB AS A CHURCH, AS A BOY THAT YOU WERE SAYING IS THAT I HAVE A JOB AT THE BOARD TO BE SURE THAT WHAT WE PUT IN THESE AREAS THAT WE HAVE CALLED OUT TO BE TAXABLE TYPE OF PROJECTS OR PROGRAMS, BECAUSE IT APPEARS TO ME WITH DISCIPLINE.

AND THAT'S WHAT I SAID.

WHAT I JUST LEARNED IS THAT WE PUT SOMETHING WE'RE PUTTING SOMETHING IN THERE THAT, UH, SIMPLE SEMANTICS SEEMED TO, UH, UH, OPEN UP FOR ME IS THAT THEY'RE GOING TO BENEFIT FROM EVERYTHING AND EVERYONE ELSE AROUND THEM.

WE WERE JUST NO PROBLEM, BECAUSE THEY'RE GOING TO BE CITIZENS AND THEY'RE GOING TO BE PAYING SOME OTHER, UH, LEADS TO THE CITY.

BUT IN THE FUTURE, WHAT WE SHOULD WANT TO DO IS BE SURE THAT WHAT WE LOOK AT COMING INTO THIS AREA IS SOMETHING THAT'S TAXED.

BUT AM I CORRECT? YES.

YES.

YEP.

YEAH.

SO WHAT, WHAT, WHAT WE WOULD NEED TO DO BOTH, BOTH AS A BOARD, AND WHAT I RECOMMEND THAT YOU DO AS A, AS A CITY, IS THAT, IS THAT IN ANY TYPE OF TYPE OF DEVELOPMENT THAT YOU, THAT YOU HAVE AND THAT YOU, THAT YOU BRING ALL YOUR PARTNERS TOGETHER TO KNOW, BECAUSE THE EDC, WHICH IS ALSO PART OF US ALSO, YOU KNOW, THAT, THAT HAPPENED BEFORE WE REALLY GOT THE TOURIST GOING, EVEN THOUGH WE HAD THE TERMS ESTABLISHED, WE JUST DIDN'T, WE JUST HADN'T GOTTEN WHAT, WHAT MUCH GOING ON THE TURNS, WASN'T DOING ANYTHING.

AND SO THAT PROJECT MOVED FORWARD.

AND SO, SO, SO WHAT, WHAT WE SHOULD HAVE DONE WOULD WE SHOULD HAVE DONE FROM THE VERY BEGINNING, US, AS US, AS STAFF, WE SHOULD HAVE, WE SHOULD HAVE BROUGHT TO THE COUNCIL AND SAID, OKAY, THIS PROPERTY IS GOING TO BE NON-PROFIT, IT'S GOING TO BE A HUGE, HUGE BITE OUT OF NONPROFIT.

SO LET'S JUST CHANGE THE, GO TO THE TERM BOARD CHANGES OUT, CAUSE IT'S A, IT'S A PROJECT THAT'S GOING TO HELP THE CITY, BUT IT'S NOT GOING TO HELP THE TERRORS.

SO, SO WE'RE GOING TO COME, COME TO THE, TO THE TERMS BOARD, TAKE IT OUT OF THERE, BECAUSE EVEN THOUGH IT'S GOING TO OVERALL HELP THE CITY TO DO THAT, THAT'S WHAT WE SHOULD HAVE DONE ON, ON THE FRONT END.

BUT, YOU KNOW, WE'RE JUST, WE'RE JUST REALLY RAMPING UP OUR, OUR, OUR ECONOMIC DEVELOPMENT.

AND SO THERE WAS JUST, JUST AN OVERSIGHT BECAUSE TO BRING IN A 20 MILLION PLUS MILLION DOLLAR PROJECT LIKE THAT, IT HELPS THE CITY OVERALL.

RIGHT.

BUT IT DOESN'T HELP THE OVERALL TERROR.

SO, SO, AND THAT'S ONE OF THE THINGS THAT THE OTHER COMMISSIONERS THAT, THAT WE'RE GOING TO MAKE SURE THAT THEY WATCH DOG GUS, BECAUSE THERE ARE SOME THINGS THAT MAY BE MORE HELPFUL TO US THAN THE OVERALL TERRORS AND THE, AND THE OTHER COMMISSIONS.

I THINK THE OVERALL TERMS, CAUSE IT'S ALL THE MONEY BECAUSE, CAUSE THE THINGS, THINGS THAT ARE, THAT ARE GOING TO HAPPEN, UH, JUST WHOLE COUNTY WIDE, THAT THERE MAY, MAY BE A BETTER BENEFIT THAN SOMETHING JUST HAPPENS IN ONE AREA OF THE CITY.

AND THAT'S WHERE WE HAVE TO MAKE SURE THAT WE WATCH DOG DEAD.

AND THIS IS ONE THAT IT JUST HAPPENED BEFORE WE REALLY GOT INVOLVED IN THIS.

AND SO WE WANT TO MAKE SURE THAT WE TAKE CARE OF THIS AND WE KEEP A CLOSE EYE ON IT IN THE FUTURE SO THAT IT WON'T HAPPEN AGAIN, THAT IF IT'S GOING TO BE A PROJECT, THAT'S GOING TO BE NON-PROFIT PROJECT NON-TAXABLE PROJECT, THAT, THAT IT'D BE REVIEWED.

AND IT COMES TO THE BOARD BEFORE THE CITY PUTS ANY INCENTIVES OR DO ANYTHING INVOLVED IN THAT BECAUSE IT DOESN'T, IT DOESN'T HELP THE OVERALL TERSE.

YES.

A BOARD MEMBER JOHNSON TURNED, IT, TURNED YOUR MITO.

IT HAD TURNED RED OKAY.

THANK YOU.

THANK YOU.

HEY ATTORNEY, HOW YOU DOING? YEAH.

I'M QUITE SURE OF IT.

YOU KNOW, OVERSIGHTS LIKE THIS HAVE BEEN MADE ONCE BEFORE AND I'M QUITE SURE THERE'S SOME WAYS IN WHICH SOME, YOU KNOW, SOME THINGS CAN BE OFFSET AND WE CAN RECOUP FURTHER DOWN THE LINE.

YES SIR.

ARE YOU SAYING THAT, THAT, YOU KNOW, W W WHAT WE CAN DO IS THAT WHEN WE BOUGHT THAT, BOUGHT THAT PROPERTY, WHEN THE CITY BOUGHT THAT PROPERTY, IT WAS, WE FELT AS THOUGH THAT WAS A PROPERTY THAT WE NEEDED TO REVITALIZE FOR, FOR WORKING PEOPLE.

AND WHEN WE BOUGHT THAT PROPERTY, WE SHOULD, AT THAT POINT, WE SHOULD

[00:25:01]

HAVE TAKEN THEM OUT THEN NOT THAT IT WAS A BAD DEAL, BUT WE SHOULD HAVE TAKEN IT OUT OF THE TOURIST.

CAUSE WHEN WE DID THE TURDS, IF YOU REMEMBER, WE JUST KIND OF TOOK THE AREA DOWNTOWN IN OUR PLAN.

RIGHT.

AND SO WE JUST SAY, ALL THIS AREA IS PART OF OUR PLAN, BUT, BUT NOW WHEN WE'RE LOOKING AT THAT, THAT AREA SHOULD NOT HAVE BEEN PART OF THE PLAN AFTER WE BOUGHT THAT AFTER WE BOUGHT THAT LAND.

AND SO, SO WHAT, WHAT WE'LL DO NOW, AND WHAT WE'LL HAVE A PROCESS IN NOW IS THAT IF IT'S A, IF IT'S A PROJECT THAT'S INSIDE INSIDE THE TERRORIST, IF THE CITY IS GOING TO DISCUSS IT IN ANY WAY, IT'S GOING TO BE DISCUSSED HERE AT THIS MEETING.

THAT'S WHAT WE'RE DOING TODAY, BECAUSE IT'S GOING TO BE DISCUSSED AT THE, AT, AT THE MEETING.

SO IN THE FUTURE, IT WILL GO THROUGH THIS, THROUGH THIS PROCESS.

YEAH.

YEAH.

WELL, I, AND I UNDERSTAND THAT, BUT I'M, I'M, I GUESS I'M GETTING TO THE FACT THAT YOU ARE TO A POINT, WHEREAS IF THIS DOES HAPPEN AGAIN AND I'M QUITE SURE IT HAS HAPPENED IN OTHER CITIES THAT THERE'S BEEN SOME WAY OR SOME TOOL THAT CAN BE USED IN ORDER TO INCENTIVIZE THE CITY, EVEN THOUGH WE CANNOT, YOU KNOW, TAX ALMOST LIKE AN ABATEMENT CONCEPT, IF YOU, YES.

YES YOU DO.

BUT YOU TAKE THAT OUTSIDE AND THAT'S WHAT THE CITY SEPARATELY IS WORKING ON.

THERE, THERE'S, THERE'S SOME DISCUSSION WHICH SEPARATELY THAT, THAT THE CITY IS HAVING WITH INCENTIVIZING THAT PROJECT.

AND SO, SO IT'S STILL, IT'S STILL REDEVELOPMENT REDEVELOPMENT, AND THAT AREA IS STILL SLATED FOR REDEVELOPMENT, WITH INCENTIVES FROM, FROM THE CITY.

IT'S JUST NOT IN THE TERRORS.

AND, BUT THERE ARE, THERE ARE STILL DISCUSSIONS ABOUT, ABOUT WHAT TYPE OF DEVELOPMENT AND, AND WHAT TYPE OF INCENTIVES THAT ARE GOING TO BE USED.

THOSE ARE STILL, STILL GOING ON.

SO IT'S NOT LIKE YOU'RE GOING TO TAKE IT OUT.

AND, AND THE PROPERTY IS JUST GOING TO BE GOING TO BE NOT USED.

IF THERE, THERE IS A PLAN FOR, FOR DEVELOPMENT OF THAT, OF THAT PROPERTY WITH INCENTIVES.

I JUST WANT TO JUST, JUST FOR A LITTLE HISTORICAL BACKGROUND TOO, I THINK THE CITY, IF I RECALL, AND I DON'T HAVE MY COMPUTER IN FRONT OF ME, BUT I THINK THE CITY HAD GAVE THE PROPERTY, GAVE THE PROPERTY TO THE EDC, LIKE LONG BEFORE WE REALLY GOT UP AND RUNNING.

I REMEMBER THERE WAS SEVERAL, YOU KNOW, THAT TRANSACTION FROM QUITE A WHILE BACK.

SO I THINK IT WAS SOMETHING THAT ALSO MAY HAVE PREDATED IT.

SO I JUST GOING TO AGREE, LIKE NOW THAT WE GOT EVERYTHING SET UP, WE'RE GOING TO BE VERY WATCHFUL OF WHEN SOMETHING COMES UP, EITHER WITH THE EDC OR ANYBODY ELSE WANTING TO DO SOMETHING IN THOSE BOUNDARIES.

BUT I'M ALMOST CERTAIN IF MY MEMORY SERVES DIRECTED THAT THE CITY SOLD THE PROPERTY TO THE EDC BEFORE WE REALLY GOT UP AND RUNNING WITH YES, YES.

LET ME SEE THE ATTORNEY.

YOU'RE YOU'RE CORRECT.

THE ONLY, THE ONLY CONCERN THAT WE NOW AND WE WE'RE GOING TO WATCH THAT IS THAT IS THAT WHEN, WHEN WE TALK ABOUT THE EDC, CAUSE IT WAS CITY PROPERTY, AND THEN, THEN THE CITY TRANSFERRED IT OVER, OVER TO THE EDC.

WELL, THAT'S, THAT'S JUST LIKE FROM THE LEFT POCKET TO THE RIGHT POCKET.

SO IT'S STILL CITY PROPERTY.

AND SO FROM OUR STANDPOINT, WE, WE HAVE TO, WE HAVE TO MAKE SURE THAT, THAT WE, AND WE HAVE PROCESS IN PLACE NOW WITH YOUR CURRENT CITY ATTORNEY, WHERE, WHEN, WHEN WE HAVE ISSUES THAT ARE EDC, THAT IT'S ALSO, THE CITY LOOKS AT THOSE.

SO THEY'RE TOLD THAT THERE, THERE WILL NOT BE PROJECTS THAT ARE COMING THROUGH THE EDC PROJECTS THAT AFFECT THE CITY THAT THE CITY WASN'T AWARE OF.

SO KNOW YOUR CURRENT CITY ATTORNEY.

SHE, SHE SAID SET THINGS IN MOTION WHERE, WHERE WE KNOW NOW THAT IT'S, IT'S NOT IT'S, THERE IS NO EDC PROJECT THAT IS NOT A CD PROJECT.

EVERY, EVERY EDC PROJECT IS A CITY PROJECT.

AND SO EVERY PROJECT THAT GOES TO THAT EDC WILL BE, WILL BE LOOKED AT BY THE CITY ATTORNEY TO SEE IF IT AFFECTS ANY OTHER AREA OR ANY OTHER PROJECT OF THE CITY.

AND SHE SAID THAT IN MOTION ALREADY.

GOOD.

ANY OTHER CITY MANAGER? THAT'S WHAT THE INFORMATION OF THE BOARD, UM, CJ THREE NEEDS, CORRECT.

FOR QUITE SOME TIME, THE COMMITTEE REMAIN DORMANT.

IT WAS ESTABLISHED WHEN THE EDC D PURCHASE 5 0 1 C PROCTOR TO MOVE DOWNTOWN, BUT FOR THAT PURPOSE, UM, BUT IT DID REMAIN DORMANT FOR A NUMBER OF ALMOST ABOUT 10 YEARS.

IT DID REMAIN DORMANT AS THAT'S WHY YOU SEE THERE IS NOT A LARGE AMOUNT OF TAXES THAT WAS BEING COLLECTED AGAIN, GIVEN THE CONDITION, WHAT ARE THE VALUABLE, THE TAXABLE VALUABLE OF THE PROPERTIES, UM, THAT REMAINED DOWN THERE AT ONE TIME, YOU KNOW, UM, HOPEFULLY WITH THE INVESTMENT THAT, UM, WE'VE, WE'VE, WE'VE, WE'VE, WE'VE, WE'VE THE, UM, INVESTMENT THAT THE CITY MAY BE AND THE ASSISTANCE THAT THE CITY MAY BE PROVIDING

[00:30:02]

WITH THE PROJECT THAT IN ITSELF WILL HELP RAISE THE PROPERTY VALUES.

YOU KNOW, BECAUSE WE ARE TALKING ABOUT LIGHTING, WE'RE TALKING ABOUT INFRASTRUCTURE, UM, WE'RE TALKING ABOUT WATER WASTE, WATER, SEWER, UM, WE'RE TALKING ABOUT PERMIT FEES.

UM, YOU KNOW, IT COMES TO ABOUT 725,000, ALMOST $800,000.

YOU WILL DEFINITELY SEE THAT CREATING AN IMPACT IN TERMS OF THE TAXABLE VALUES.

SO IT'S AN ADDITIONAL INVESTMENT, YOU KNOW, IN THE SURROUNDING AREA THAT WE ARE MAKING FOR THE LONG TERM, UM, TAX VALUES OF THE PROPERTIES OF THERE.

SO WE'RE ALL IN THIS TOGETHER THOUGH.

OKAY.

UH, ANY OTHER QUESTIONS BOARD MEMBERS? UM, THANK YOU.

UM, CITY ATTORNEY, OR EITHER PROBABLY THE MANAGER, THE, UM, THE REASON WHY WE'RE CARVING OUT, UM, BECAUSE WE CAN'T, THE TOURISTS CANNOT UNDERSTAND FUND MULTI-FAMILY.

IS THAT WAS THE ONE OF THE REASONS I THINK YOU TOLD ME YES, YES, YES.

WE CUT.

YOU DON'T WANT THAT.

MULTI-FAMILY CAUSE THERE'S, THERE'S A PERCENTAGE OF, OF, UH, RESIDENTIAL THAT YOU CAN ONLY HAVE IT'S UH, I BELIEVE IT'S LIKE 10 IN THE TOURIST.

SO YOU WANT TO TAKE THAT OUT SO THAT IF IN FACT YOU DO GET SOME, SOME OF THESE, UH, HIGH RISE, APARTMENTS BUSINESS LIKE THAT, THAT IT DOESN'T USE UP YOUR PERCENTAGE.

OKAY.

SO IF YOU WANT TO DO SOMETHING DOWNTOWN WITH THAT IN THERE, IT DOESN'T USE UP YOUR RESIDENTIAL PERCENTAGE.

YOU DON'T WANT TO TAKE YOUR HOUSING COMPLEX AND NOW ALL OF YOUR RESIDENTIAL PERCENTAGES IS USED UP.

OKAY.

AND DO WE KNOW WHAT THAT PERCENTAGE IS NOW? I CAN, I CAN GET THAT FOR YOU.

I HAVE IT FOR YOU AT THE NEXT MEETING.

I JUST, I DON'T WANT TO, I BELIEVE IT'S IT'S 10%, BUT LET ME, I JUST GOT TO CHECK ON 10%.

OKAY.

YEAH, WE CAN DOUBLE CHECK.

OKAY.

AND THEN THE OTHER THING IS, LIKE WE SAID, WE COULDN'T INCENTIVE BECAUSE THEY DON'T HAVE, YOU CAN'T GIVE THEM A AND WE, SO WE HAVE TO PULL THEM OUT SO THAT THE CITY CAN OFFER SOME OF THE THREE 80.

AND DO WE HAVE, OKAY, THANK YOU.

YES.

AND THAT'S, AND THAT'S, THAT'S THE PRIMARY INCIDENT THAT YOU WANT.

YOU WANT TO BE ABLE TO OFFER THOSE OTHER ECONOMIC DEVELOPMENT INCENTIVES THROUGH THE CITY, AS OPPOSED TO THROUGH THE TOURIST, BECAUSE ALL THE TOURISTS CAN DO IS BASICALLY ON THE, ON THE STUFF THAT THEY RAISED USE THAT MONEY.

SO YOU WON'T SAY THAT FOR SOME OF THE OTHER ECONOMIC DEVELOPMENT MONEY.

SO LET'S JUST SORRY.

AS AN EXAMPLE, WE'VE GOT AN INVESTOR THAT CAME IN AND IS LOOKING AT THE SABINE HOTEL FOR LUXURY CONDOS, OR WE WANT TO MAKE SURE THAT THAT REMAINS INTACT, CORRECT? FOR US TO COLLECT THE TAXES ON THOSE.

YES.

OKAY.

YES.

YOU WANT, THAT'S WHY YOU WANT TO, YOU WANT TO SAVE THAT PERCENTAGE THAT YOU HAVE FOR THOSE LUXURY CONDOS AND THE THINGS LIKE YOU SEE IN DOWNTOWN AREAS LIKE IN HOUSTON AND THOSE PLACES LIKE THAT.

YOU WANT THEM BECAUSE THOSE ARE HIGH DOLLAR HIGH DOLLAR COMPLEXES.

SO YOU WANT TO SAY THAT FOR IN YOUR TERMS, IF YOU'RE GOING TO HAVE YOUR RESIDENTIAL USES IN THE TOURIST, YOU WANT THAT TO BE THOSE HIGH TAX DOLLARS, WHERE EVEN IF THEY'RE EMPTY WITH NO TENANTS, THE TAXES ON IT STILL KEEP COMING, PROPERTY TAX STILL KEEP COMING.

AND THAT'S ONE OF THE THINGS THAT WE'RE GOING TO TALK ABOUT HERE THAT ONCE WE MOVED TO THE NEXT STEP IS IN THE, IN THE TOURIST GETTING SOME, SOME, UH, EVEN THOUGH WE CAN'T, CAN'T DO IT BY, BY, BY LAW.

DO, UH, DO GIVE SOME INCENTIVES FOR, FOR PEOPLE, FOR MATERIALS THAT THEY'RE GOING TO CONSTRUCT, UH, THE BUILDINGS AND STUFF THAT ARE IN THE TOURIST, BECAUSE WHAT YOU WANT TO DO, YOU WANT TO, YOU WANT TO CONSTRUCT BUILDINGS AND THOSE THINGS THAT ARE, ARE GOING TO HAVE LONG-TERM LASTING VALUE.

SO THAT EVEN WHEN THEY'RE EMPTY, THEY STILL HOLD VALUE AND STILL LOOK GOOD.

KIND OF LIKE YOU SEE IN SUGARLAND, SEE WHAT THEY DEAL WITH THEIR FIRST COLONY, WITH THEIR DEEP RESTRICTIONS ON THAT.

WE CAN'T REALLY DO THAT IN ANYMORE AS A MATTER OF LAW, BUT YOU CAN DO THAT AS A MATTER OF INCENTIVES.

IF YOU WANT OUR MONEY, WE CUT IN THIS DEAL.

SO THEN NOW THIS, THIS BUILDING THAT YOU WANT TO MAKE, THAT WAS ONLY, ONLY 60%, UH, CONCRETE.

IT'S NOT GOING TO BE 85% CONCRETE.

AND THE REASON WHY YOU DO THAT HIGHER VALUE LASTING LOOK.

AND SO WE'LL TALK ABOUT THAT AS WE, AS WE MOVE FORWARD.

OKAY.

BOARD MEMBERS.

OKAY.

UH, WE DON'T HAVE ANY MORE QUESTIONS WE WILL MOVE ON.

UH, AT THIS TIME WE WE'RE GONE

[5. EXECUTIVE SESSION]

TO, UM, RECESS FOR, UH, EXECUTIVE SESSION IN ACCORDANCE WITH THE TEXAS GOVERNMENT CODE 5 5 1 0 7 2 TO DISCUSS OR DELIBERATE TO PURCHASE EXCHANGE, LEASE OR VALUE A REAL PROPERTY WITHIN THE BOUNDARIES OF OUR EXPANSION OF THE DOWNTOWN, UH, TAX INCREMENT, REINVESTMENT ZONE TURF, NUMBER ONE IN PORT ARTHUR, TEXAS.

AND, UH, SO SECTION B IN ACCORD, UH, WITH THE TEXAS GOVERNMENT CODE 5, 5, 1 0 8 7 TO DISCUSS, DEVELOP INCENTIVES WITHIN THE BOUNDARIES OF THE DOWNTOWN TECHS, INCREMENT

[00:35:01]

REINVESTMENT ZONE TURF, NUMBER ONE IN PORT ARTHUR, TEXAS.

SO IF THERE ARE NO FURTHER QUESTIONS WE HAD NOW GONE TO A RECESS FOR I EXECUTIVE SESSION AND RECONVENE RIGHT AFTER THAT.

THANK YOU GUYS.

WE'RE READY.

KELLY.

WE READY? OKAY.

ALL RIGHT.

THANK YOU GUYS.

THANK YOU EVERYONE FOR REJOINING US.

AND, UH, AND I, UH, EXECUTIVE MEETING, WE DON'T HAVE ANYTHING THAT'S COMING OUT OF EXECUTIVE SESSION AT THIS TIME.

SO AT THIS TIME I WOULD CALL FOR AN ADJOURNMENT.

MAY I GET A MOTION TO ADJOURN? THIS MEET, EXCUSE ME, LET ME GO BACK.

UH, CITY ATTORNEY, WOULD YOU ESTABLISH A ROLE CALL? SORRY.

YES, WE WAS.

DEB'S GO.

UH, COUNCIL MEMBER, THOMAS, KEN LAW CHAIRMAN HERE, COUNCIL MEMBERS, CHARLOTTE, MOSES CITY OF PORT ARTHUR, MIR THURMAN BARTY, CITY OF PORT ARTHUR COUNTY, COMMISSIONER MICHAEL SHANE SINEGAL JEFFERSON COUNTY, UM, COMMISSIONER, UH, JAMES GAMBLE, JEFFERSON COUNTY DRAINAGE DISTRICT SEVEN, COMMISSIONER JOSEPH JOHNSON, SABINE NATURE'S NAVIGATION DISTRICT HERE.

OKAY.

THANK YOU.

UH, CITY ATTORNEY, CITY MANAGER.

YOU GOT ANYTHING? OKAY.

IF DELL BOARD MEMBERS HAVE ANYTHING ON NOW, CALL FROM GERMANY TO MAY I GET A MOTION TO, SO THANK YOU, MAYOR BARR.

IT WAS SECOND BY JAMES GAMBLE THAT WE ADJOURN THIS MEETING.

THE TIME IS THREE 50.

THANK YOU, EVERYONE.

THIS MEETING IS NOW IN THE JOURNEY.