Economic development authority to order.

Pickle here.

Green.

Here.

Ford.

Here.

Parks.

Here.

Wimpy.

Here.

Are there any items to be removed from the consent agenda?

Make a motion to approve the consent agenda as it stands.

Second.

Roll call.

I would I would like to make one comment.

It's not it's then it's not relative in terms of your decision, but I wanted to mention on item number D, if I can, real quick.

I was thinking about pulling that off, so I'm glad you're I'm glad you're saying that.

Yeah.

So just for uh the council or the authority, is that uh obviously in 2023 the the uh voters overwhelmingly approved the renewal of the uh franchise with PSO for electricity, and as a part of that, that included increasing the uh franchise fee by one percent to be dedicated for economic development.

This one of the first applications that we had, and and the way the the process works is that any time there's requests that has to come before the council and or the authority, and so they requested some assistance with uh actually uh unexpected uh work that need to be done in in regards to the ONG line that's that's um underneath Elm Place, and so they requested the funding and then determined that it wasn't necessary, and so actually I wanted to be just clear, transparent is that actually what was approved now.

Basically, we're just closing this out.

So they didn't need the money after all.

I read that twice.

I'm like, they didn't need the money.

Yeah, that was good.

That was good.

All right, item six is general authority business.

Item A is consideration discussion of economic development briefing sheets for the first quarter, calendar 2026.

Travis Stevens Council Parks, we need your vote on that consent agenda.

I decided yes.

Definitely got it.

Hi, sir.

Good evening, Chair, trustees, city manager, great to be before you tonight.

My first economic update.

So I'm I'm uh honored to have this opportunity and join this discussion with you guys and happy to answer any questions you may have.

Like I said, this is our first update.

I want to just kind of give you a little context on what we're calling these briefing sheets and how we got here.

Uh Christy McLean from the TED team, she joined Ted.

Actually, today was her six month anniversary.

Um so kudos to her.

I joined Ted about three weeks after her.

And one of the things we quickly discovered as we were onboarding and acclimating uh to our new roles were these economic development agreements and how vast and complicated they were and pretty intimidating actually when you kind of start reading through them.

And so as we tried to wrap our hands and heads around these things, um, I think and I'll give all the credit to Christy, she's done most of the legwork on these.

We came up with the idea of of these summary sheets, and it was really to help us and and organize it to where we could quickly understand if we want to go back and find something, get through these amendments, and then at the previous council meeting, Justin Green's uh councillor green said, Hey, I'd like an economic update where where there are updates, and so we said, Hey, we've got these excellent briefing sheets we just put together for ourselves.

We can share these with city council and and the trustees of beta as well.

So uh keep in mind this is our prototype, our first run at these.

So happy to take feedback, anything you feel needs to be added or included in these.

More than welcome to incorporate these moving forward.

So, just real quickly to go through the structure.

I don't know if you guys have access to these on your screen, but or have had a chance to read through them.

So this is just the reader's digest version of these EDAs.

Uh, a who, what, when, why, how quick quick reference guide.

So quickly at the at the top, you see parties, so it's just who's involved, who's the developer, obviously the city is a partner in these as well.

The key dates and deadlines that we need to know are the developers sticking to them, um, what are they what's on the horizon, and just the numbers.

So as you read through an EDA, it it could be 20 pages and a lot of text, and those numbers just kind of jump off the page at you.

So we thought, oh, this would be a great great thing to summarize city obligations, developer obligations, who's doing what, who's accountable for for when things are supposed to take place, the clawbacks and default mechanisms, what happens if they don't live up to their end of the bargain, and then the summary, which is really just a catch-all of anything we wanted to include as well.

So as we dig in, Hackberry Market.

Um, if you'll if you'll realize or uh as a reference, it's south of the Creek Turnpike, just off aspen.

If you drive out there today, you see a big dirt field with some parking lot paved, uh, and a big sign that reads future site for Home Depot.

Uh Hobby Lobby is part of that as well.