* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [ CITY OF BAYTOWN NOTICE OF MEETING   NOTICE OF 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 TUESDAY, OCTOBER 13, 2026 4:00 P.M. COUNCIL CHAMBER, CITY HALL 2401 MARKET STREET, BAYTOWN, TEXAS 77520    AGENDA CALL TO ORDER AND ANNOUNCEMENT OF QUORUM  ] [00:00:06] MEETING OF THE, UH, AUTHORITY IN TERMS, HEY, NOW. ALRIGHT. TOLD THE LINES AND TIGERS. ALRIGHT, START YELLING NOW. YEAH, TURNED ON THE, JUST GOT BACK FROM NASHVILLE WHERE WENT TO THE GRAND OLE OPRY AND WE GOT TO HEAR A YELLING, SCREAMING POET SINGER. AND IT, IT WAS SOMETHING I DIDN'T EXPECT AT GRAND OLE OPRY, BUT, UH, I GUESS THERE'S A LOT OF THINGS YOU DON'T EXPECT TO HEAR AT GRAND OLE OPRY IN A LOT OF DAYS ANYWAY. UH, [2. MINUTES] MINUTES FROM THE, UH, 2000, EXCUSE ME, THE AUGUST 4TH, 2006 MINUTES. AND I GUESS EVERYONE'S HAD AN OPPORTUNITY TO LOOK OVER THAT. DO I HEAR APPROVAL FOR THE MINUTES? I MOVE. HAVE A MOTION. SECOND. ALRIGHT, MR. KYLE, HAVE A SECOND. ANY COMMENTS, QUESTIONS? ALRIGHT, ALL THOSE IN FAVOR SAY AYE. AYE. ALL THOSE OPPOSED LIKE SIGNED. MOVE ON [a. Receive and discuss a project update from Fidelis Realty Partners regarding the progress of San Jacinto Marketplace.] TO ITEM NUMBER THREE. WE WILL RECEIVE AND DISCUSS THE PROJECT UPDATE FROM FIDELIS REALTY PARTNERS REGARDING THE PROGRESS OF THE SAINT CENTER MARKETPLACE. AND MS. TIFFANY, GOOD AFTERNOON. HOW ARE Y'ALL DOING? DOING WELL, THANK YOU. GLAD TO SEE Y'ALL HERE. WISH Y'ALL WOULD'VE BEEN HERE LAST WEEK, BUT WE'RE GLAD TO SEE HERE TODAY. UM, THE REPRESENTATIVES FROM FIDELIS, UH, WERE UNABLE TO MAKE IT, AND SO I WILL BE GIVING THEM, UH, GIVING Y'ALL THEIR PRESENTATION. AGAIN, MY NAME IS TIFFANY FOSTER AND I ASSIST THE CITY OF BAYTOWN THROUGH THE ECONOMIC DEVELOPMENT FOUNDATION AND, UH, THROUGH ECONOMIC DEVELOPMENT PROJECTS HERE. SO THAT'S WHY I'M HERE TODAY. AND I'LL, UM, GIVE OUT THE FIDELIS PRESENTATION. SO THE FIRST THING I WANT TO SHOW YOU ALL, AS SOON AS I CAN SEE IT ON THE SCREEN IS DRONE FOOTAGE. AS YOU MAY, UH, KNOW, THE CENTER IS OPEN, TWO OF THE STORES, ACTUALLY, IT'S ONE AND A HALF BECAUSE FIVE BELOW HASN'T HAD THEIR REAL SOFT OPENING YET. ROSS HAS. BUT, UM, THEY DID SUBMIT TWO DRONE VIDEOS ABOUT THREE MINUTES, BUT WE WANNA SHOW Y'ALL, THIS IS, UM, THE FIRST ONE I'M GONNA SHOW YOU IS THE ENTIRE SITE, AND THEN WE'LL SHOW YOU THE JUNIOR ANCHORS. IS IT SUPPOSED TO BE ON OUR SCREENS? I, YES. IT'S ONLY COMING UP ON THIS, THIS SCREEN HERE. I'M NOT SURE WHY. OKAY. I CAN, WE CAN TURN AROUND. YEAH, IF YOU DON'T MIND. SAY IT'S NOT COMING UP ON, ON, ON ALL THE SCREENS. THERE'S RIGHT BEHIND YOU THERE. YOU CAN SEE IT THERE. ARE YOU SAYING IT'S NOT COMING UP ON SOME OF THE MONITORS UP THERE, RIGHT? OH NO, THERE'S JUST THIS ONE MONITOR RIGHT HERE. THIS STONE MONITOR. THINK ONE IN ON THE END. DOWN ON END, YEAH. OKAY. YEAH, IT JUST HAVE THE AGENDA. THERE MAY BE SOME ISSUES, SO WE MIGHT BE TRYING TO FIGURE IT OUT WHICH STORES ARE OPEN. SO THE STORES THAT ARE OPEN RIGHT NOW IS ROSS AND A FIVE BELOW SHOULD BE OPEN, I THINK BY THE END OF THIS MONTH. THEY WERE SUPPOSED TO HAVE A SOFT OPENING ALMOST A WEEK AGO. NOT REALLY SURE WHAT HAPPENED, BUT THEY TOLD US AT THE END OF THE MONTH WHERE ROSS IS OPEN AND PACKED A LOT OF PEOPLE. AND THE ONLY EXCESS END OF THAT IS OFF OF THE FRONTAGE ROAD ON THE WEST SIDE OF GARTH, RIGHT? YES, SIR. BACK THERE BY CHILI'S, AS FAR AS I UNDERSTAND RIGHT NOW. YEAH. YES, SIR. YOU CAN'T GET TO IT FROM GARTH ROAD OR NOT ON THE GARTH ROAD SIDE. UH, THERE'S NO ACCESS OFF OF GARTH ROAD, SO I THINK IT'S JUST THE ONE OFF THE INTERSTATE THERE AT THE CORNER. YOU CAN GET IN, YOU CAN WHICH ONE? YOU CAN. THE FIRST ONE? YES MA'AM. MM-HMM . AND SO JUST AS YOU'RE LOOKING AT THAT, WE WANT TO TELL YOU, OBVIOUSLY WE'VE TALKED ABOUT, UH, FIVE BELOW IN ROSS. BURLINGTON IS SCHEDULED TO OPEN, UH, IN EARLY NOVEMBER. SO JUST IN, IN A COUPLE OF WEEKS HERE. THEN WE HAVE, BY CHRISTMAS, UM, HOPEFULLY BARNES AND NOBLE MIGHT HAVE A SOFT OPENING BY CHRISTMAS. THAT'S WHAT THEY'RE THINKING. HOWEVER, THEIR REAL OPENING WILL BE JANUARY, UM, SHOULD BE BY JANUARY. SAM'S SHOULD BE OPEN BY FEBRUARY. THEY TOO ARE A LITTLE BIT BEHIND. BOTH OF THOSE ARE SUPPOSED TO BE AGAIN, OPEN BY THE, THE HOLIDAYS, UH, SEASON. WE ALSO HAVE A NUMBER OF SIGNED LEASES THAT THEY TOLD US WE CAN, WE CAN TELL YOU ABOUT. AND IT'S EINSTEIN BAGEL, POP BELLY, SEPHORA, MEN'S WAREHOUSE, BATH AND BODY WORKS, PLUCKERS, UH, BOMBER BOMBERS, JACK AND ROADHOUSE, AND BUBBA 33. ALSO WANDER, WHICH IS A KIND OF A CONCEPT OF A TO-GO FOOD. I DON'T KNOW IF ANYBODY'S EVER SEEN THAT ONE. A BROKEN HEAD, BROKEN EGG, WHICH IS A BREAKFAST PLACE IN BRUNCH PLACE. FOOT LOCKER, UM, ALMOST NOT, NOT A HUNDRED PERCENT, BUT CLOSE. BUT, BUT THEY'RE CLOSE. AND THEN, UH, PARIS BAGUETTE. [00:05:02] SO THEY, AS YOU CAN SEE, THERE'S, THEY'VE BEEN WORKING HARD. THEY HAVE A LOT OF THINGS GOING ON, A LOT OF CONSTRUCTION OUT THERE. UM, BUT YOU KNOW, IT'S, IT'S MOVING. AND DICK'S, I'M SORRY, DICK'S. DICK'S SHOULD BE OPEN BY JANUARY, HOPING THEY'RE HOPING TO HAVE A, A SOFT OPEN IN DECEMBER, BUT AGAIN, DEFINITELY BY JANUARY. AND HERE'S JUST ANOTHER ONE. HOME GOODS. AND, AND THIS IS THEIR JUNIOR, THEIR JUNIOR ANCHORS. THEY'RE ALSO GETTING SOME FINAL DESIGNS ON THE PELICAN GREEN AREA, UM, AND LOOKING FOR SOME, SOME NICE RESTAURANTS. I WILL TELL YOU ONE RESTAURANT THAT THEY'RE LOOKING AT AND HOPING FOR IS A PF CHAINS. OH, OKAY. SO, YOU KNOW, WE KEEP OUR FINGERS CROSSED. I'M TELLING YOU ALL THAT WHEN IT DOESN'T, IF IT'S NOT THERE, IT DIDN'T WORK OUT. BUT THAT IS ONE THAT THEY ARE REALLY WORKING HARD ON. UM, THAT'LL BE IN THE AREA OF, UM, PELICAN GREEN. ANY OTHER, ANY QUESTIONS THAT I MAY BE ABLE TO ANSWER FOR YOU? WAS THERE SUPPOSED TO BE A BATH AND BODY WORK? YES. BATH AND BODY WORKS. YES. IF YOU SAY, I'M SORRY. NO, THAT'S OKAY. , YES, WE'VE, WE'VE BEEN MISSING OUR, OUR BATH AND BODY WORKS FOR A WHILE NOW, . AND YOU SAID SANDS WILL BE OPEN THE END OF JANUARY. THE END OF JANUARY, YES. YES. SO THEY'RE NOT GONNA BE ABLE TO MAKE THAT DECEMBER OPENING LIKE THEY HOPED? NO, LIKE THEY HOPED. YEAH. LITTLE BIT OF, YOU KNOW, SUPPLY CHAIN DEMANDS HAVE DEFINITELY HIT THIS PROJECT LIKE MANY OTHERS IN, IN OUR AREA. SO DO YOU KNOW IF THEY'LL HAVE ACCESS OFF OF GARTH ROAD BY THEN? THAT I'M NOT SURE. BECAUSE PART OF THAT IS, IS, YOU KNOW, OBVIOUSLY THEIR PARKING LOT CONSTRUCTION AND THEN THE, THE WIDENING OF GAR ROAD. SO I'M NOT SURE HOW THEY'VE WORKED THAT OUT. YEAH. AND AS, AS YOU KNOW, AND I'M NOT SURE WHEN IT WILL BE, BUT THERE WILL BE, UH, ACCESS POINTS OFF OF SAN JACINTO INTO THE DEVELOPMENT AND LONE STAR RIGHT. AND STUFF. THAT'S RIGHT. CAN YOU REPEAT THE TIMELINE IF YOU SAID IT ALREADY? FOR HOME GOODS? HOME GOODS ACTUALLY, I THINK SHOULD BE OPEN BEFORE CHRISTMAS. OH, BEFORE CHRISTMAS? OKAY. YEAH, I WAS, LET ME, LET ME MAKE SURE, TELL YOU, RIGHT, YES. HOME GOODS IS SUPPOSED TO BE OPEN BY CHRISTMAS. OKAY, PERFECT. THANK YOU. AND CAN I, UH, ASTERISK SUPPOSED TO BE ? YES. OKAY. THANK YOU. THAT'S ALL I HAVE. I I HAVE A QUESTION. OH, BESIDES THE AFFIRMATION STORES, UM, WHAT IS THE PERCENTAGE OF VACANCIES THAT'S LEFT BESIDES THE BUSINESSES THAT THAT SIGN? OH MY GOODNESS. SIGNED UP. DO YOU HAVE AN IDEA? EXCELLENT QUESTION. I DO NOT KNOW THE ANSWER TO THAT. I KNOW THEY HAVE, UM, ALL OF THEIR, THEIR JUNIOR ANCHORS AND THEIR ANCHORS ARE, ARE SOLIDIFIED. SO I THINK IT'S JUST THE SMALLER ONES, BUT I DON'T KNOW WHAT THE PERCENTAGE OF THAT IS FOR THE WHOLE DEVELOPMENT. YEAH. THE REASON WHY I ASK IS WE HAD REALLY, UM, EMPHASIZED ON SIT DOWN RESTAURANTS. YES. AND NOW THAT YOU MENTIONED THE PF CHANGE, IF THAT'S THE ONLY ONE, RIGHT. WE ASK ON BEHALF OF THE CITIZENS AND WHAT THEY DESIRE, UH, TO STICK, UH, PRESS TO MAKE SURE THAT WE HAVE SIT, SIT DOWN RESTAURANT IN THIS ESTABLISHMENT. OH, YES, DEFINITELY. SO PF CHANG'S IS ONE THAT THEY HAVEN'T SOLIDIFIED, BUT THEY'RE WORKING ON. BUT THEY ALSO HAVE, UM, TEXAS ROADHOUSE, BUBBA 33, PLUCKERS, UM, LEMME SEE, PARIS BAGUETTE, BROKEN EGG. UM, WANDER IS A KIND OF A CONCEPT RESTAURANT, BUT IT, IT SHOULD BE INTERESTING. IT'S VERY, IT'S ACTUALLY VERY NEW TO THE HOUSTON MARKET. UM, SO THERE ARE QUITE A FEW RESTAURANTS WE HAVE, UM, FROM THE BEGINNING REQUESTED THEM TO HAVE MORE RESTAURANTS. UM, AND YOU ALL MAY KNOW THAT A FEW HAVE DROPPED OUT, UM, BECAUSE THEY JUST COULDN'T MAKE DEALS WORK. UH, PORTILLO'S WAS ONE OF 'EM THAT UNFORTUNATELY WE WERE NOT GONNA GET, BUT THEY'RE LOOKING FOR ANOTHER ALTERNATIVE TO, TO THAT FOR AN ITALIAN FOOD RESTAURANT. UM, SO YES, I I THINK THEY'VE, THEY'VE HEARD US LOUD AND CLEAR, UH, THE DESIRES AND, AND CONTINUE TO WORK ON THAT. DO WE KNOW WHO'S REPLACING THE TEXAS ROADHOUSE, THE OLD TEXAS ROADHOUSE? WE DO NOT. OKAY. THAT IS ON OUR TO-DO LIST BECAUSE WE HAVE SOME OTHER RETAILERS THAT WOULD LIKE TO BE CLOSE TO THIS DEVELOPMENT THAT COULD USE THAT, THAT FACILITY. SO WE, WE ARE WORKING THAT ON A, ON ANOTHER SIDE, NOT, NOT WITH FIDELIS, BUT RIGHT ON OUR SIDE. YES, SIR. THANK YOU. AND DO YOU KNOW, WITH THE NEW ROTH WILL, THE ONE ON GARTH, UM, CLOSE? YES. YEAH. OKAY. YES. WE DON'T KNOW A TIMELINE FOR THAT. UM, WE HAVE PREVIOUSLY BEEN WORKING WITH THE, THE BROKER ON THAT ONE AS WELL AS BURLINGTON TO, FOR BACKFILL OPTIONS. SO WE HAVE ACTUALLY BEEN MARKETING THOSE FOR BACKFILL MORE THAN A YEAR [00:10:01] BECAUSE WE, YOU KNOW, OBVIOUSLY WE, WE KNEW THAT THEY WERE COMING. SO WE'VE BEEN WORKING THAT, UM, THOSE ARE TWO BUILDINGS THAT HAVE LARGE SQUARE FOOTAGES. SO IT'S, IT'S, IT IS, IT IS GONNA BE A PROCESS AND TAKE TIME TO BACKFILL THOSE. ANY OTHER QUESTIONS I CAN ASK? NO. ALL RIGHT. THANK YOU. IT'S LOOKING GOOD. THANK YOU. YEAH, THANK YOU. THANKS TIFFANY. WELL HOPEFULLY WE'LL GET, UH, I GET THOSE OTHERS FILLED IN HERE REAL QUICKLY. ALRIGHT, [b. Receive and discuss a presentation regarding a development proposal from Hillwood for the proposed Goose Creek Commerce Center. ] MOVING ON TO ITEM THREE B. RECEIVE AND DISCUSS THE PRESENTATION REGARDING DEVELOPMENT PROPOSAL FROM HILLWOOD FOR THE PROPOSED GOOSE CREEK COMMERCE CENTER. GOOD AFTERNOON. AFTERNOON. WE'RE HANDING OUT A COUPLE OF, UH, SLIDE DECKS FOR YOU GUYS TO REVIEW. ALL RIGHT. I APPRECIATE YOU GUYS, UM, MEETING WITH US TODAY. UM, SO THANK Y'ALL FOR BEING HERE. MY NAME IS RYAN BAUMGARTNER WITH HILLWOOD. UM, BEFORE I START, I WANT TO THANK THE CITY STAFF. UH, WE HAVE BEEN WORKING WITH CITY STAFF ON THIS PROJECT, UM, FOR AT LEAST A YEAR AND A HALF. UM, SO WE APPRECIATE EVERYONE'S EFFORTS. UM, WE'RE EXCITED TO SHARE A LITTLE BIT OF WHAT WE'RE, UM, THINKING ABOUT AS IT RELATES TO THE, UH, 200 ACRES NORTH OF, UH, THE EXISTING CONSTRUCTION PROJECT. UM, AND GET YOUR FEEDBACK. I WILL MENTION, UM, MY REQUEST TODAY DOESN'T INCLUDE ANY FIRM FEEDBACK OR DEFINITIVE ACTION. UM, THE IDEA IS THAT WE WILL PRESENT, UM, SOME INFORMATION TO YOU, UH, AND THEN WE WILL TAILOR OUR FORMAL REQUEST, UM, IN THE FORM OF A, A PRESENTATION WHEN WE COME BACK IN NOVEMBER. UM, SO THIS IS JUST A CONCEPTUAL IDEA AT THIS POINT, UM, THAT WE'VE VETTED, UM, WITH THE CITY STAFF. UM, AND I'LL GET INTO THAT A LITTLE BIT MORE. UM, SO I WILL, UH, I WILL TURN YOUR ATTENTION, UH, TO SLIDE ONE. AND AS, AS YOU'LL NOTICE THE SLIDE NUMBERS ARE AT THE TOP LEFT IN THE CIR RED CIRCLE. UM, AN INTRODUCTION ON HILLWOOD. UH, HILLWOOD IS A PRIVATELY HELD COMPANY OWNED BY THE PEROT FAMILY OUT OF DALLAS. UM, WE HAVE A HOUSTON OFFICE WITH MORE THAN 10 FOLKS IN THE OFFICE. UM, WE HAVE BEEN IN BUSINESS FOR MORE THAN 30 YEARS. UM, AND WE ARE A GROUP WHO PRIDES OURSELVES ON SERVING THE COMMUNITY, UM, BUILDING QUALITY PROJECTS. UM, AND MOST IMPORTANTLY, UH, INTEGRITY IS EVERYWHERE IN OUR DNA. UM, AND WE REALLY PRIDE OURSELVES ON DOING WHAT WE SAY WE'RE GONNA DO. UM, IF YOU FLIP TO SLIDE TWO, UM, YOU'LL BE ABLE TO SEE A ROSTER OF TENANTS WHO WE HAVE BUILT FOR. UM, THESE ARE, YOU KNOW, NAME BRANDS, UM, HOUSEHOLD NAMES, UM, AND COMPANIES, QUALITY COMPANIES THAT, UM, OUR TYPE OF BUSINESS PARKS ATTRACT. UM, YOU KNOW, EVERYWHERE FROM NIKE, LOWE'S, IKEA, UH, YOU NAME IT. UM, SOME OF THE BIGGER COMPANIES IN THE WORLD, UM, THAT NEED LOGISTICS SPACE, UM, THEY ARE OUR CUSTOMERS. UM, MOVING ON TO SLIDE THREE. UM, THIS IS A SLIDE AND A REPRESENTATION OF THE TWO BUILDINGS THAT ARE UNDER CONSTRUCTION. UM, WE WILL CALL IT GOOSE CREEK SOUTH. UM, IT IS NOT PART OF THE SUBJECT, UH, T DISCUSSION. HOWEVER, I THINK IT'S IMPORTANT TO NOTE AS IT IS A REALLY GOOD REPRESENTATION OR A MERE IMAGE OF WHAT WE PLAN TO DEVELOP JUST TO THE NORTH. UM, THERE ARE TWO BUILDINGS, UM, 768,000 SQUARE FEET DELIVERING IN THE NEXT FEW MONTHS. AS YOU CAN SEE, THE ROOFS ARE ON AND THE TRUCK COURTS ARE PAVED. UM, ON SLIDE FOUR, UM, IS ANOTHER VISUAL OF THAT. THIS PROJECT OR THIS PART OF THE PROJECT FRONTS INTERSTATE 10. SO I'M SURE SEVERAL OF YOU HAVE DRIVEN BY IT. I WOULD LIKE TO CALL A SPECIFIC ATTENTION TO BASS BOULEVARD. UH, THAT IS A FOUR LANE DIVIDED BOULEVARD WITH THE MEDIAN THAT IS CURRENTLY 2,500 FEET LONG. UM, AND THAT IS GOING TO SERVE AS THE PRIMARY ARTERY FOR THESE TWO BUILDINGS FOR ALL, YOU KNOW, ALL OF THE TRAFFIC, UH, IDEALLY AND ALL OF THE DEVELOPMENT, INCLUDING THE 200 ACRES SUBJECT TURS DISCUSSION, UM, NORTH OF THIS PROPERTY. UH, IT IS VERY INTENTIONALLY, UM, DESIGNED TO ATTRACT THE MAJORITY OF THE TRUCK TRAFFIC FOR THIS DEVELOPMENT AND TO PULL TRUCKS AWAY FROM OTHER, UH, THOROUGHFARES, IF YOU WILL. UM, I WANT TO MAKE NOTE ON THIS SLIDE. UM, YOU KNOW, THINGS THAT WE'RE PROUD OF. THERE'S A SEVEN FIGURE LANDSCAPING BUDGET ON THESE TWO BUILDINGS. UM, IT IS A VERY IMPRESSIVE DEVELOPMENT. UM, AND I WOULD, I WOULD WELCOME ANYONE ON THE TOURS BOARD OR CITY COUNCIL TO TOUR IT. YOU KNOW, PERSONALLY, I THINK IT WOULD BE GOOD, UM, FOR YOU GUYS TO SEE THAT THE ATTENTION TO DETAIL WE PLACE AND, UH, [00:15:01] THE KIND OF INVESTMENT WE MAKE IN THESE FACILITIES. UM, THEY'RE FIRST CLASS FACILITIES, UM, RELATIVE TO MARKET. UM, AND MOST OF OUR COMPETITORS, UM, SLIDES FIVE THROUGH SEVEN, UM, WILL INTRODUCE, UH, THE SUBJECT TURS PROPERTY. UM, I'M HERE TO DISCUSS 200 ACRES JUST NORTH OF GOOSE CREEK SOUTH. UM, YOU KNOW, SLIDE FIVE DOES A REALLY GOOD JOB OF DISPLAYING WHAT WE'RE HERE TO DISCUSS. UM, BUT BEFORE I DIVE INTO THAT, I JUST WANT TO GIVE A LITTLE BIT OF HISTORICAL CONTEXT. UM, IN DECEMBER OF 2024, HILLWOOD ACQUIRED 300 ACRES INCLUSIVE. OF THE 100 ACRES THAT ARE GOOSE CREEK SOUTH THAT I MENTIONED, THE 200 ACRES THAT I'M HERE TO DISCUSS TODAY ARE CURRENTLY IN THE ETJ. UM, AND UPON OUR ORIGINAL ACQUISITION OF THE LAND, THE BUSINESS PLAN WAS ORIGINALLY TO CREATE A MUD AND USE MUD FACILITIES, UM, TO, UH, TO SERVE THE REMAINING 200 ACRES. UM, FORTUNATELY, UM, WE'VE BEEN WORKING WITH CITY STAFF AT BAYTOWN, AND I THINK WE ARE WALKING DOWN A CONCEPTUAL PATH THAT COULD CREATE A WIN-WIN SCENARIO FOR BOTH THE CITY OF BAYTOWN AND HILLWOOD. UM, YOU KNOW, THE WIN FOR BAYTOWN IS WE'RE IN THE ETJ. WE CAN DEVELOP MORE OR LESS WHAT MAKES SENSE FOR US IN OUR BUSINESS PLAN. UM, IT MAKES SENSE FOR US TO COME INTO BAYTOWN AND BAYTOWN TO, TO HAVE SOME CITY IN WHAT WE DO. AND, YOU KNOW, WE CAN IMPROVE OUR STANDARDS, UM, WITHIN THE CITY LIMITS IN EXCHANGE FOR IT, YOU KNOW, FASTER PATH TO UTILITIES, UM, AMONG OTHER BENEFITS TO HILLWOOD. SO WE VERY MUCH ARE INTERESTED IN A PATH, UM, TO BAYTOWN. I WILL MENTION IT'S IMPORTANT, UM, TO NOTE THAT AGAIN, PART OF THE ORIGINAL INVESTMENT WITH INVESTMENT THESIS WITH THE MUD WAS THAT WE WOULD GET REIMBURSED FOR MUD FACILITIES THAT WE CONSTRUCTED ON THE 200 ACRES. WE NEEDED THAT PIECE IN ORDER TO JUSTIFY THE PRICE REQUIRED TO BUY THE LAND. SO, TYING ALL THAT BACK TO TODAY, UM, WE HAVE SPENT A LOT OF TIME, UM, ON THIS PROCESS WITH THE CITY STAFF, UM, AND THE FORM OF AN ANNEXATION PATH, A PUD DOCUMENT, UM, THAT WOULD DEFINE OUR USE, UM, AMONG OTHER THINGS. AND THAT IS LARGELY NEGOTIATED. WE JUST HAD A TWO O'CLOCK MEETING. UM, THERE'S STILL SOME ITEMS TO WORK THROUGH, UM, BUT WE SPENT A TON OF TIME ON THAT. AND THEN THE LAST PIECE OF THIS WOULD BE THET PROCESS. AS I MENTIONED, WE NEED THAT REIMBURSEMENT PROCESS OR REIMBURSEMENT ITEM AS WELL. UM, SO WITH THAT, UM, I'M HAPPY TO ANSWER ANY SUBSEQUENT QUESTIONS ON THE SITE PLAN, BUT IN THE MEANTIME, I WILL TURN TO, UH, SLIDE EIGHT. AND THAT WILL DETAIL WHAT SPECIFICALLY, UM, WE ARE CONSTRUCTING, UM, IN TERMS OF PUBLIC INFRASTRUCTURE. SO IT'S ABOUT $27 MILLION OF ROADS, DETENTION, WATER, SEWER, UH, AND, YOU KNOW, CITY IMPACT FEES, UM, ALL IN FOR THE FUTURE 200 ACRES. UM, THAT WILL SUPPORT BASS BOULEVARD, THE EXTENSION OF BASS BOULEVARD BEYOND WHAT WE'VE ALREADY CONSTRUCTED, EXCUSE ME, BATTLE, BE ROAD, JOHN MARTIN ROAD, UM, AND EVERYTHING ELSE. WE DESIGN IT, WE PERMIT IT, WE BUILD IT TO CITY STANDARDS, AND HILLWOOD FUNDS EVERY DOLLAR UP FRONT. THERE IS NO CAPITAL REQUIRED FROM THE CITY. UM, ON SLIDE NINE, UM, THAT IS ADDITIONAL INFORMATION ON THE BUDGETARY DETAILS AND THE STRUCTURE OF OUR REQUEST. UM, WHAT WE ARE PROPOSING IS A PAY AS YOU GO TYPE OF STRUCTURE. AS I MENTIONED, WE WILL FUND THE $27 MILLION UPFRONT ON OUR OWN DIME. AND WE ARE ONLY REPAID OUT OF THE TAX INCREMENT THIS PROJECT CREATES. AND IT'S ON LAND THAT IS GENERATING ALMOST NOTHING TODAY. UH, YOU KNOW, AS YOU GUYS KNOW, THE BASE VALUE IS A MILLION DOLLARS. THERE'S NO EXISTING INCREMENT FOR THIS ZONE TO PUT AT RISK. UH, THERE WILL BE NO BONDS, THERE'S NO PLEDGE OF THE GENERAL FUND. UM, AND IF THE PROJECT DOESN'T PERFORM, UH, NOTHING IS OWED AND THE CITY INHERITS THE PUBLIC INFRASTRUCTURE ANYWAY. UM, YOU KNOW, AND ULTIMATELY IT STOPS AT SOME POINT. YOU KNOW, OUR PROJECTIONS SUGGEST THAT OUR, OUR, UH, CAP IS SATISFIED AROUND YEAR 13. UM, AND AFTER THAT, THE CITY'S DONE. UM, AND FROM THAT POINT, THE CITY KEEPS 100% OF THE PROCEEDS, UM, OVER THE LIFE OF THE ZONE THAT IS PROJECTED TO BE ABOUT $78 MILLION OF NEW, UM, INCREMENTAL VALUE OF WHICH $51 MILLION STAYS WITHIN THE ZONE. UM, SO WE THINK IT, YOU KNOW, THE NUMBERS, UM, HOPEFULLY MAKE SENSE TO YOU GUYS FROM THAT PERSPECTIVE. UM, AND THEN LASTLY, ON SLIDE 10, BEFORE I HAND IT OVER TO HARRY TO CONCLUDE, I JUST WANNA SUMMARIZE, UM, SOME OF THE BENEFITS OF A PROJECT LIKE THIS FOR THE COMMUNITY. UM, AT A MINIMUM, UM, IT, IT SHOULD BRING ABOUT $200 MILLION OF TAXABLE [00:20:01] VALUE. I THINK THAT NUMBER IS CONSERVATIVE. UM, BASED ON, UM, OUR SITE PLAN AND, YOU KNOW, WHERE WE THINK APPRAISED VALUES ARE, UM, ON JOBS, UM, YOU KNOW, SOMEWHERE BETWEEN 1,015 HUNDRED JOBS OVER THE ENTIRE DEVELOPMENT, UM, THREE TO FIVE TIMES THAT AMOUNT, UM, FOR JOB SUPPORTED WHILE WE'RE UNDER CONSTRUCTION. UM, OUR INTENT IS TO BREAK GROUND AND CONSTRUCT AS SOON AS POSSIBLE. THE IDEA IS IF WE'RE ABLE TO MOVE FORWARD, UM, AS SOON AS POSSIBLE, WE WOULD BE UNDER CONSTRUCTION, UM, IN 2027. SO WE START SPENDING MONEY IN 2027 TO FUND THE INFRASTRUCTURE, UM, AND NOTHING IS OWED TO US UNTIL 2030. UM, WITH THAT, I'LL TURN IT OVER TO HARRY THOMPSON, UM, WITH A BHR, WHO'S GONNA WALK YOU THROUGH SLIDE 11 AND WHERE WE GO, GO FROM HERE. CAN WE ASK SOME QUESTIONS BEFORE HE GETS ON? SURE. YES, SIR. UH, IN TERMS OF PERFORMANCE, UH, WHAT IS THE CITY'S OBLIGATION? UH, WHAT IS THE CITY'S, UM, SIDE OF THE AGREEMENT ALL, AND, AND WHEN DO, HOW DO WE KNOW, UM, UM, THAT, UH, HILLWOOD IS MEETING PERFORMANCE, UH, IN, IN OTHER WORDS YEAH. IS MEETING THE, UH, THE PERFORMANCE OBLIGATION? SURE. YOU WANNA TAKE A STEP? YEP. AND GOOD AFTERNOON BOARD. MY NAME'S HARRY THOMPSON WITH THE LAW FIRM OF ALLEN BOON HUMPHREYS ROBINSON. WE HELP WITH PUBLIC INFRASTRUCTURE. WE WORKED WITH, UH, THE CITY OF BAYTOWN. I THINK IT WAS THE VERY FIRST PROJECT I EVER WORKED ON IN THIS WORLD. SO IT'S, IT'S GOOD TO BE BACK AND IT'S GOOD TO TALK ABOUT ANOTHER FUN PROJECT. AND THIS PROJECT IS EAT WHAT YOU KILL. SO IF THEY DON'T DELIVER, THE CITY IS NOT ON THE HOOK FOR A SINGLE PENNY. AND SO THIS IS A PERFORMANCE BASED MODEL, AS Y'ALL ARE FAMILIAR WITH, WITH, WITH THESE TS. AND SO IF THEY ARE NOT BUILDING TO YOUR STANDARDS, TO THE CITY STANDARDS, AND THE ENGINEERS ARE SIGNING OFF ON IT AND THEY'RE NOT BUILDING THE VALUE THAT THEY'RE PROJECTING, THEY DON'T GET REIMBURSED. SO ALL OF THE RISK IS NOT ON THE CITY, BUT IS ON THE DEVELOPER. AND SO THAT'S KIND OF HOW THIS IS SET UP, IS THE PERFORMANCE IS BASED OFF THE TAXABLE VALUE. AND IF THEY ARE DELIVERING AND BUILDING UP LIKE THEY'RE GOING TO AND LIKE THEY HAVE IN THE PAST, THEN THE CITY WILL JUST NOT BE ADVANCED FUNDING THESE PUBLIC INFRASTRUCTURE COSTS. BUT WE'LL BE SHARING IN THAT RISE. SO THE RISING TIDE WILL LIFT ALL BOATS. I JUST SAW THAT AWESOME DRONE VIDEO OF A TYPE OF PROJECT THAT IS SUCCEEDING BECAUSE OF THIS EXACT MODEL. IF THEY HADN'T DELIVERED, IF THEY WEREN'T OPENING THESE STORES AND EVERYTHING, THE CITY'S NOT ON THE HOOK, BUT THEY ARE DELIVERING. AND SO THAT'S WHERE THE RISK IS. SO WITH THIS MAN RIGHT HERE, SO, SO THEN THANK YOU. AND, AND THEN ONE MORE THING IS WHAT ABOUT TIME TIMELINES? SURE. I'M HAPPY TO, YOU KNOW, OUR INTENT, UM, IS TO BREAK GROUND AS SOON AS POSSIBLE. UM, WE'VE DELIVERED HUGE CREEK SOUTH AND YOU KNOW, WE'RE TRYING TO PROCEED AS SOON AS POSSIBLE ON, UH, THE SITE NEXT DOOR, WHICH IS WHAT WE'RE HERE TO TALK ABOUT TODAY. SO UNDER EITHER SCENARIO, UM, IDEALLY IT'S WITH BAYTOWN, BUT UNDER EITHER SCENARIO, WE'RE PREPARED TO BREAK GROUND IN 2027. HOW LONG DID THE SOUTH TAKE? WELL, SORRY, EXCUSE ME. HOW LONG DID SOUTH TAKE? OH, UH, WE BROKE GROUND IN DECEMBER OF 2025 ON GOOSE CREEK SOUTH. AND WE SHOULD BE SUBSTANTIALLY COMPLETE ON BOTH BUILDINGS IN ABOUT ONE MONTH FROM NOW. SO JUST LESS THAN A LITTLE LESS THAN 12 MONTHS. I THINK THAT'S THERE ON SLIDE 10 IS PRETTY, YOU KNOW, I SHOULD, I SHOULD MENTION, UM, THE 200 ACRES, WE WILL LIKELY DEVELOP IT IN PHASES, IN TWO PHASES. I SHOULD HAVE MENTIONED THAT UP FRONT. UM, FOR THE REMAINING 200 ACRES, WE ANTICIPATE DEVELOPING ABOUT A HUN HALF OF IT, BREAKING GROUND IN 2027, DELIVERING IT IN 2028, AND THE REMAINING HALF BREAKING GROUND IN 2029, DELIVERING IT IN 2030. UM, SO MY GOAL IS TO DEVELOP THE REMAINING 200 ACRES, ALL OF IT IN THE NEXT FOUR YEARS OR SO. THANK YOU. AND LET ME, UM, JUST CLARIFY ONE THING THAT WE DO NOT HAVE AN AGREEMENT IN PLACE YET. AND SO THEY ARE OPERATING, UM, AS THEY NORMALLY WOULD WHEN THEY BUILD A PROJECT, CORRECT ME IF I'M WRONG, BUT, SO THEY'VE LAID OUT WHAT THEY BELIEVE THEIR INFRASTRUCTURE COSTS WOULD BE, AND YOU KNOW, WHEN WE START CONVERSATIONS WITH THEM ON WHAT AN AGREEMENT WOULD LOOK LIKE, WE'RE GOING TO FOCUS ON THE PUBLIC INFRASTRUCTURE ASPECT OF THINGS. WHAT, YOU KNOW, MEETS OUR NEEDS FOR MOBILITY IN THE AREA, WHAT IS SIMPLY, UM, FOR THEIR DEVELOPMENT ONLY. WHAT HAS, YOU KNOW, THE, YOU KNOW, [00:25:01] WHAT CONNECTS POINT A, B AND C TYPE THING, WHETHER IT'S ROADS, UTILITY LINES, THAT SORT OF THING. AND SO, UM, YOU KNOW, WE DO HAVE A, A LOT OF CONVERSATIONS, UH, THAT NEED TO TAKE PLACE, UH, ON AN AGREEMENT LIKE THAT. BUT, UM, VERY SIMILAR TO WHAT WE TALKED ABOUT WHEN, UM, WE'VE LOOKED AT OTHER DEVELOPMENTS IN THE AREA AND OTHER REIMBURSEMENTS THAT WE'RE GONNA FOCUS ON THAT PUBLIC ASPECT OF THE INFRASTRUCTURE THAT, UM, IS GOING TO HELP THE AREA, THE CITY, THE COMMUNITY GROW AND EXPAND THOSE SERVICES, UM, OUT INTO THE AREA. UNDERSTOOD. BUT IT'S, IT'S GOOD TO BEAR IN MIND THE, UH, THE, THE, UH, UM, I GUESS I'LL CALL IT, IT'S GOOD TO BEAR IN MIND THE AREAS THAT, THAT WE HAVE CONCERN WITH OR THAT WE'LL HAVE TO HAVE A GOOD UNDERSTANDING ON GOING FORWARD. SURE. AND THAT'S PART OF THE REASON WHY WE'RE HERE TODAY AND WHY THE LAST YEAR AND A HALF HAS BEEN CONVERSATION AFTER CONVERSATION, WHETHER IT'S ENTRANCES OR LANDSCAPING OR THE SHAPE OF, UH, YOU KNOW, THE ATTENTION PONDS, IT'S ALL OF THAT BECAUSE WE WANT TO BUILD IT TO CITY STANDARDS. WE WANNA BUILD THAT PARTNERSHIP, THAT CONNECTIVITY YOU WERE TALKING ABOUT, THAT PUBLIC INFRASTRUCTURE THAT THE CITY OTHERWISE WOULD HAVE TO EXPAND THIS ROAD IN THE FUTURE. THEY, THEY WON'T HAVE TO, IT'LL BE BUILT EXACTLY LIKE Y'ALL WANT IT TO BE BUILT. AND SO I KIND OF, FROM WHERE WE GO FROM HERE IS, UM, AND I MENTIONED THIS TO CITY STAFF AND APOLOGIZE FOR THE LAST, THE LIGHT CURSING IS, UM, TODAY IS, IT'S EITHER YES, WE'RE GONNA DO IT. I DON'T EXPECT THAT ANSWER. IT'S NO, BUT LET'S TALK WITH STAFF AND LET'S GET AN AGREEMENT DRAFT THAT WE CAN BRING TO Y'ALL AND DISCUSS, OR IT'S HELL NO. UM, AND SO THOSE ARE KIND OF THE THREE OPTIONS WE'RE LOOKING AT TODAY. AND SO WHAT DOES THAT MIDDLE ONE LOOK LIKE? THAT NO, BUT IT'S, NO, BUT WE HAVE SOME WORK TO DO. WE HAVE TO WORK WITH STAFF, WE HAVE TO FIGURE OUT EXACTLY WHAT IS PUBLIC INFRASTRUCTURE. WE HAVE TO FIGURE OUT WHAT YOUR NEEDS ARE, WHAT THE CITY'S NEEDS ARE, NOT FOR TODAY, BUT FOR 20 YEARS. AND WE NEED TO FIGURE OUT HOW WE CAN WORK WITH THIS WONDERFUL TOOL THAT'S CALLED A TURS TO EXPAND THE ZONE, TO GET THE PARTICIPATION ON BOARD, TO GET IT PAPERED UP, AND TO MAKE SURE THAT EVERY SINGLE PERSON IN THIS ROOM NOW AND ONCE AGAIN IN 20 YEARS, HAVE THE MOST IMPORTANT THING CERTAINTY, WHERE IF THEY DELIVER, THEY KNOW THE CITY WILL DELIVER. IF THEY DON'T DELIVER, THE CITY'S NOT ON THE HOOK. AND SO THAT'S KIND OF WHAT WE'RE LOOKING FOR, IS TO SEE IF, IF THE CITY HAS, AND THE TOURS HAS AN APPETITE FOR US TO WORK TOGETHER AS A PARTNERSHIP TO PLAN FOR CERTAINTY AND TO PLAN FOR THE FUTURE AND TO PLAN TO HAVE THIS ZONE CONTINUE LIFTING UP, NOT JUST THIS SMALL AREA, BUT THE ENTIRE CITY. AND LET ME JUST ADD TO THAT. I WANT TO MAKE SURE THERE'S NO CONFUSION. YOU ARE NOT BEING ASKED FOR A DECISION TODAY, CORRECT? RIGHT? YOU ARE CORRECT. YOU ARE RECEIVING A PRESENTATION ON THEIR PLANS, UH, THEIR DEVELOPMENT, AND, UM, OBVIOUSLY IF YOU HAVE FEEDBACK, UM, ON THEIR PLANS ON WHAT YOU'VE HEARD, YOU KNOW, THIS IS THE FORUM FOR THAT. BUT, UM, AND I KNOW WHERE YOU WERE GOING WITH IT, THAT'S, THAT'S OKAY. BUT I WANT TO BE CLEAR TO, UH, EVERYONE ON THE DIOCESE AND IN THE AUDIENCE THAT, YOU KNOW, THERE IS NO FORMAL DECISION TO BE MADE TODAY. HEY, BRENT. UM, SO QUESTION, HE SPOKE ABOUT NEEDS. SO TELL ME HOW THE, THIS PROJECT FIT INTO THE CITY OF BAYTOWN STRATEGIC PLAN. IS THIS A NEED BASED OFF OF OUR STRATEGIC PLAN FOR THE CITY? WELL, SO, UM, WHEN YOU LOOK AT KIND OF WHAT, YOU KNOW, A LOT OF OUR PLANNING DOCUMENTS SAY FOR THAT AREA, WHEN YOU LOOK AT, YOU KNOW, WHAT BUILD OUT LOOKS LIKE, WHAT'S THE INFRASTRUCTURE THAT'S GONNA BE NEEDED TO SUPPORT THAT. AND SO IT COULD BE THAT THEY ONLY NEED A, UM, TWO LANE ROAD, BUT WE'RE CALLING FOR FOUR LANES WITH A MEDIAN. OKAY? THAT'S THE KIND OF THING THAT WE PARTNER ON. WE PARTNER ON GOING ABOVE AND BEYOND WHAT'S JUST NEEDED FOR A DEVELOPMENT, WHAT, WHAT IT'S GONNA TAKE FOR BUILDING THAT ROAD THAT 10, 15, 20 YEARS FROM NOW IS GOING TO BE ABLE TO CARRY TRAFFIC NORTH, SOUTH. AND THEN WITH THE, UM, YOU KNOW, THE ADDITIONAL EAST WEST CONNECTIONS, THAT SORT OF THING, THE UTILITY LINES, YOU KNOW, THESE BUILDINGS DO NOT USE A LOT OF WATER AND WASTEWATER, BUT WE WANNA MAKE SURE THAT THE LINES THAT GO IN THE GROUND ARE SIZED TO WHERE THEY CAN PROVIDE THE CONVEYANCE, TRANSMISSION, DISTRIBUTION, ET CETERA, FOR WHAT'S GONNA COME, YOU KNOW, 10, 15, 20 YEARS FROM NOW NORTH TO SOUTHEAST WEST. AND SO IT'S BUILDING OUT OUR INFRASTRUCTURE IN ACCORDANCE [00:30:01] WITH WHAT WE THINK THE DEVELOPMENT PATTERNS ARE GONNA BE, WHAT THE PLANNING GROUP HAS LAID OUT, WORKED THROUGH WITH, UM, UH, WITH THE COMMUNITY AND COUNCIL AND YOU ALL, UM, ON AND HOW THAT LOOKS IN TERMS OF INFRASTRUCTURE AND WHAT'S THE DIFFERENCE BETWEEN, THEY MAY ONLY NEED A ONE INCH LINE, BUT WE MIGHT NEED A SIX. THAT'S THE KIND OF THING THAT WE WANT TO PARTNER ON TO WHERE OUR NEEDS ARE MET AS WELL AS THEIRS. DOES THAT HELP? YES, ABSOLUTELY. THANK YOU. SO, SO PUT IT ANOTHER WAY. WE DON'T WANT TO JUST BREAK ROUND ON THIS. WE WANT TO HELP BAYTOWN PLANT A FLAG FOR FUTURE GROWTH AND FOR FUTURE NEEDS. SO GOING BACK TO THAT WATER LINE, IF THERE'S AN EXISTING BIGGER WATER LINE THERE, THAT NEXT TRACT OF LAND IS GONNA BE A LOT MORE ATTRACTIVE COMING IN THE CITY. AND SO THAT'S WHAT WE'RE REALLY LOOKING FOR IS, IS, IS PARTNERSHIP AND GOING BACK, WE'RE NOT LOOKING FOR A DECISION TODAY, UM, BUT THIS IS THE TYPE OF FEEDBACK THAT WE LOVE TO HEAR AND WE NEED TO HEAR TO ALLOW US TO PREPARE SOMETHING TO BRING BACK FOR HOPEFULLY A DECISION. OKAY. THANK YOU. AND, UH, JUST SO IT, UH, DOESN'T SEEM THAT I'M COMING ACROSS, UH, TOO COMBATIVE, I WILL SPEAK TO YOUR BENEFIT IN THAT PLEASE KNOW THAT THEY COULD HAVE DONE ALL OF WHAT THEY'RE TALKING ABOUT WITHOUT ANY INVOLVEMENT WITH THE CITY, AND THEY COULD HAVE DONE IT IN ANY WAY, SHAPE, OR FORM THAT THEY WANTED TO, AS LONG AS THEY CONFORMED TO WHAT THE COUNTY REQUIRED AND WHAT LIMITED, UH, CONTROL OVER THE ETJ WE HAVE. SO THEM BEING HERE, THEM BEING BEFORE YOU, UH, THEM WORKING WITH STAFF IS, YOU KNOW, A TESTAMENT TO THE FACT THAT THEY DO WANT TO WORK WITH US. SO I WILL GIVE YOU GUYS KUDOS FOR THAT. THANK YOU. I APPRECIATIVE I HAD, UH, HAD JUST A LITTLE BIT OF DISCUSSION WITH, WITH BRIAN BEFORE HE LEFT THE, I GUESS THE FINAL CONCLUSION OF THIS PROJECT. IS IT 2049? WAS THAT, SO THE, THE TURS RIGHT NOW RUNS TO 2049? YEAH. OKAY. YES, SIR. YEAH. OKAY. THAT'S WHAT I JUST WANTED TO KIND OF CONFIRM. THAT WAS WHAT, I DIDN'T SEE ANYTHING ON HERE ABOUT THAT, BUT I, I MAY HAVE MISSED IT, BUT I THOUGHT THAT WAS WHERE IT WAS GONNA GO TO CONCLUSION OF 24 9. THE GOAL IS, AS RYAN MENTIONED, WE WANT TO, WE WANT TO GET THIS EARLY. WE KNOW THE CITY DOES TOO. YEAH. BEFORE THEN, I'M SURE THAT'S THE GOAL. IT WOULD BE THE BENEFIT TO ALL. YEAH. BUT I THOUGHT THAT WAS, I JUST WANTED TO, UH, KIND OF CONFIRM THAT WAS WHAT THE, UH, END DATE OCCURS WAS 2039. OKAY. I HAD A QUICK QUESTION ON SLIDE FIVE. SURE. IS THAT, IS THAT BUILT TO SCALE? I'VE BEEN ON MY PHONE JUST TRYING TO FIND THE EXACT LOCATION AND I'M JUST LOST. YES, I WILL. I WILL TELL YOU, UM, I 10 IS ON THE LEFT SIDE, SO IF YOU WANTED TO LOOK AT IT IN TERMS OF NORTH UP, ROTATE THE PAGE. UM, GOOSE CREEK SOUTH. THE TWO BUILDINGS THAT ARE IN CONSTRUCTION, UH, WOULD BE ON THE LEFT SIDE, BUT YES, MORE OR LESS, UH, MAYBE NOT PERFECTLY, BUT IT IS A REPRESENTATION OF THE RELATIVE SIZES OF THE BUILDINGS. CORRECT. AND THAT'S JOHN MARTIN, THAT'S TO THE EAST OF, WOULD BE TO THE EAST OF, THAT'S CORRECT. YEAH. THAT JOHN MARTIN RODE RUNNING. YEAH. SO JOHN MARTIN WILL BE ON THE BOTTOM OF THE PAGE. YEAH. IF YOU ROTATE IT, IT'LL BE ON THE EAST SIDE. THAT'S CORRECT. OKAY. UNDERNEATH WHERE IT SAYS BATTLE BELL. YEAH, BATTLE BELL THAT SAYS BATTLE BELL. SO BATTLE BELL AND JONES ARE THE ONES GOING. YEAH. AND I'LL MENTION BASKETBALL BOULEVARD, UM, IS, I, I REALLY WOULD ENCOURAGE YOU GUYS TO GO DRIVE IT IF YOU HAVEN'T ALREADY. IT'S A NICE WIDE ROAD. I, I'VE SEEN THAT. AND SO I, I WAS WONDERING, UH, FIRST ONE I SAW BASS BOULEVARD, I THOUGHT, IS THAT A BASS PRO SHOP THAT , SOMEBODY HAS SNUCK IN THERE THAT I'D BEEN AFTER ECONOMIC FOLKS TO GET IN, BUT, UH, THERE'S ACTUALLY A FORMER HILLWOOD EMPLOYEE WHO JUST RETIRED AFTER 24 YEARS. HE WAS A, ORIGINALLY, I THINK HE WAS BORN IN BAYTOWN, SO WE NAMED THE ROAD AFTER HIM. WELL, THAT'S AWESOME. MM-HMM . THAT'S GREAT. BUT THE INTENT OF BASS BOULEVARD IS TO DRAW TRAFFIC TRUCKS TO SUPPORT THIS DEVELOPMENT TO BASS. WE WANT IT JUST AS MUCH AS ANYBODY ELSE. AND, AND FRANKLY, IT'S NICE ENOUGH AND WIDE ENOUGH THAT WE BELIEVE IT WILL DO THAT. THANK YOU. IS THERE A CONVENIENT EGRESS ONTO I 10? UH, YES. WEST OF, WEST OF AB BASSEN, YES. YOU CAN JUMP ONTO I 10. UM, BEFORE I COULDN'T TELL IF THERE WAS A EGRESS OFF OF 10 ON THAT WEST OR EAST SIDE. OH, I THINK THE EGRESS, THE OFF RAMP ON 10 IS JUST EAST OF JOHN MARTIN. SO YOU'D RUN THROUGH THE LIGHT, SO YOU'D TO GO THROUGH THE LIGHT TO, TO GET TO MM-HMM. I THINK, UH, A DECENT AMOUNT OF OUR TRUCKS WOULD BE COMING FROM, UM, PROBABLY 1 46 UP THREE 30, UM, AND THEN TO 10. UM, SO [00:35:01] IF, YOU KNOW, BUT IT'S HARD TO KNOW 'CAUSE WE DON'T, WE BUILD THESE ON A SPECULATIVE BASIS. YEAH. UM, WITHOUT A TENANT IN MIND OR WITHOUT A TENANT IN HAND, I SHOULD SAY. OKAY. ALRIGHT. ANY OTHER QUESTIONS, CURIOSITIES? NO. NO. RIGHT. NO, THAT'S GOOD. GREAT. WELL, WE'LL GET WITH CITY STAFF OVER THE NEXT COUPLE WEEKS, UH, JUST TO COLLECT SOME FEEDBACK FROM YOU ALL. UM, I DO APPRECIATE THE TIME. I REALLY DO APPRECIATE THE FEEDBACK. THANK Y'ALL FOR COMING BACK. SORRY THAT, UH, SORRY THAT APPRECIATE IT. ALL GOOD. WE WERE NOT ABLE TO MEET LAST WEEK, BUT NO PROBLEM. APPRECIATE Y'ALL BEING, UH, ABLE TO COME BACK AND GIVE US THIS PRESENTATION. VERY, VERY GOOD. AND WE APPRECIATE Y'ALLS FLEXIBILITY AND WE LOOK FORWARD TO WORKING WITH STAFF. THANK Y'ALL. THANK YOU VERY MUCH. THANK YOU. THANKS SIR. ALRIGHT, MOVING ALONG. ITEM [c. Receive a presentation and discussion regarding the Market Demand Analysis and Feasibility Study for Tax Increment Reinvestment Zone (TIRZ) No. 1 and TIRZ No. 2 as presented by Community Development Strategies.] THREE C IS WE WILL RECEIVE A PRESENTATION DISCUSSION REGARDING MARKETING, DEMAND ANALYSIS, FEASIBILITY STUDY FOR JURORS ONE AND TWO. AND MS. TIFFANY, YOU CAN TALK TO, OH, I'M JUST DOING THE TECHNOLOGY. DOING EVERYTHING. GOOD AFTERNOON. GOOD TO SEE EVERYBODY AGAIN. AFTERNOON. I'M TY JACOBSON. IT JUST A REMINDER WITH CDS, UH, AND CDS AND JOHN STOVER AND ASSOCIATES, UH, BEEN WORKING ON THE, UH, TS ONE AND TWO, UH, STUDY FOR SOME TIME. AND I'M HERE TO GIVE YOU AN UPDATE, UH, AS WE, UH, ABOUT, UH, WE'RE ABOUT TO FINISH IT OUT. UH, SO I'M GOING TO GO OVER THE AGENDA, UH, OF SORT OF WHAT WE'RE GONNA TALK ABOUT HERE IN THIS BRIEF PRESENTATION. THEN, UH, UH, JOHN STOVER WITH JSNA HAS CALLED IN HE'LL, UH, TAKE OVER MOST OF THE REST OF THE SLIDES. UH, AND THEN WE'LL HAVE A DISCUSSION, AND JOHN AND I WILL ANSWER ANY QUESTIONS YOU MIGHT HAVE ABOUT WHERE WE ARE. BUT WE'RE HERE TO GIVE SORT OF UPDATES, PROJECT STATUS STATUS. THE, THE SHORT VERSION IS WE'RE VERY, VERY, VERY CLOSE TO FINISHING. WE HAVE A DRAFT REPORT, UM, THAT IS, HAS BEEN OUT AND HOPEFULLY IS MAKING SWAY INTO YOUR HANDS FOR, UH, REVIEW. AND, UM, UH, YOU KNOW, ANY POTENTIAL COMMENTS AND STUFF, WE CAN ADDRESS THOSE HERE, UH, VERY SOON. UM, UH, WE WILL GO OVER THE SUMMARY OF FINDINGS THAT WE HAVE PRODUCED IN THIS DRAFT, UH, PRIORITIES, UH, REVENUE PROJECTIONS, UH, PROJECT, UH, AND EXPENDITURE RECOMMENDATIONS, UH, ECONOMIC FISCAL IMPACTS, AND, UH, THE FEW REMAINING NEXT STEPS THAT WE HAVE HERE. AND THEN WE CAN HAVE A DISCUSSION Q AND A. HOPEFULLY WE CAN, JOHN AND I CAN, UH, ANSWER ANY QUESTIONS THAT YOU ALL MIGHT HAVE. SO, JOHN, ARE YOU ON MUTE? JOHN? I THINK HE'S TALKING TO SOMEONE. OKAY. YEAH, HE'S TALKING TO US. YEAH. , HE'S TALKING TO, HE CAN'T HEAR ANYBODY KNOW SIGN LANGUAGE . NO. MAYBE. CAN'T HEAR YOU, JOHN. JOHN, IF YOU CAN HEAR US, WE CANNOT HEAR YOU. YES. NO. TEST, TEST, TEST. THERE YOU GO. YEP. YOU CAN HEAR ME NOW? YES. YEAH. YES. OKAY. WELL, I DIDN'T DO ANYTHING . WELL, I'M, I'M GLAD TO HEAR IT. UM, I DON'T KNOW IF YOU HEARD MY, I, I SAID, UH, UM, UH, I FEEL, YOU KNOW, I CAN'T SEE YOU ALL. I'M, I'M SPEAKING A LITTLE BIT INTO THE VOID, SO FEEL FREE TO CHIME IN OR, YOU KNOW, UH, JUMP IN WITH ANYTHING. UM, AND, UH, AGAIN, LET ME CERTAINLY LET ME KNOW IF, UH, YOU CAN'T HEAR ME AGAIN. UM, BUT REALLY GOOD AGAIN, TO, TO RECONNECT. THE LAST TIME I SPOKE WITH Y'ALL WAS, I THINK A, A FIRM YEAR AGO. UM, AND SO WE'RE, WE'RE NEARING THE COMPLETION OF, OF THE, UH, TOURIST FEASIBILITY STUDY PROCESS. I ASSUME YOU ALL CAN SEE THE SLIDES RIGHT ON, ON THE SCREEN. IS THAT CORRECT? CORRECT. YES. YES. PERFECT. PERFECT. UM, AND SO JUST IN, IN SHORT, AS, AS TY SAID, WE'RE, WE'RE, WHAT WE'VE KIND OF DONE AND WANT TO SHARE WITH YOU TODAY IS KIND OF TALK THROUGH, WELL, WHAT ARE, WHAT'S THE BIG PICTURE? WHAT'S THE SO WHAT HERE, RIGHT? WHAT ARE THE, WHAT ARE THE PRIORITIES? UM, WHAT'S THE MONEY THAT WE HAVE TO WORK WITH? WHAT DOES THAT MEAN IN TERMS OF BEING, UM, DELIBERATE AND KIND OF MAXIMIZING THE OPPORTUNITY AT HAND WITH, WITH TURS PROJECT? UM, WHAT DOES THAT MEAN KIND OF OVERALL FOR, FOR, FOR THE CITY, FROM, FROM A FISCAL AND ECONOMIC VANTAGE POINT? AND THEN, YOU KNOW, DOES, DOES THIS FEEL RIGHT? UM, ARE, ARE WE KIND OF IN A LINE TO, TO GET YOUR STAMP OF APPROVAL, UM, AND THEN WE'LL, WE'LL BE ABLE TO PROVIDE THE, THE FULL REPORT, UH, IT'S CURRENTLY IN, IN COMPLETE DRAFT FORM, BUT OVER, OVER TO YOU ALL FOR, FOR, FOR REVIEW [00:40:01] AND KIND OF ANY, UM, FINALIZATION AND, AND AND SO FORTH. UM, SO THAT I CAUGHT YOU, WHEN WE THINK THROUGH WHAT IS THE, LIKE WHAT ARE WE LOOKING TO ACHIEVE, KIND OF WHAT IS THAT, THAT DIRECTION AND KIND OF WHAT THEN WHAT IS THE CONNECT BETWEEN WHAT WE'RE LOOKING TO ACHIEVE AND THEN KIND OF THE, THE, THE, THE LEGAL REGULATORY, UM, KIND OF CONNECT WITH, WITH, UM, CHURCH ONE AND CHURCH TWO TO, TO ACHIEVE THAT. AND ONE OF YOU SAID IN, AND IT IS IN OUR, IN OUR WORKSHOP, IT WAS A TOUR BOARD MEMBER OR ONE OF THE KEY STAKEHOLDERS. I REMEMBER SAYING SOMETHING ALONG THE LINE OF TOURS. ONE VISION IS, UM, CULTIVATING WHAT, WHAT WE HAVE AND THE TOUR TWO VISION IS, IS PLANTING THE SEED AND, AND REALLY HELPING TO CREATE SOMETHING NEW THAT, THAT DOESN'T EXIST YET, UM, IN, IN, IN MANY WAYS. AND, UM, BUT WHEN YOU THINK ABOUT, AND, AND WHEN WE SAY, WELL, WHAT, WHAT ARE THE, THE SOURCES OF INFORMATION, UM, THAT, THAT WE UTILIZE TO, TO INFORM, UM, THE, THE, THE OVERALL PLANNING PROCESS, THE, THE STRATEGIC DIRECTION OF, OF, OF PROJECTS AND, AND, AND THE OVERALL INVESTMENT PRIORITIES. UM, FIRST AND FOREMOST, IT'S THE TRULY EXTENSIVE AMOUNT OF PRIOR PLANNING AND STUDIES AND VISIONING AND ANALYSIS THAT'S BEEN CONDUCTED, UM, BY, BY THE CITY, UM, TO DATE. UM, AND IT WAS THE WORKSHOP WITH, WITH YOU ALL AND, UM, A LOT OF WORK OF INTERVIEWS AND, AND MEETINGS WITH KEY STAKEHOLDERS AND, AND, AND CITY OFFICIALS. UM, AND SO THAT GUIDING KIND OF VISION OR INVESTMENT PRIORITIES FOR, UM, TOUR ONE IS TO CREATE A MORE AESTHETIC, A BETTER CONNECTED AND A MORE DESIRABLE LOCATION, UM, AT WHICH TO SHOP, WORK, AND LIVE, RIGHT? AND SO WHAT, AND WHAT WE KNOW THAT THIS INVOLVES AND ENTAILS IS SUPPORTING THE SAN JACINTO, UM, MALL REDEVELOPMENT, UM, HELPING THAT TO BE CATALYTIC, HELPING THAT TO ENABLE RESIDENTIAL INFO DEVELOPMENT AS WELL AS ADDITIONAL, UM, COMMERCIAL, UM, VALUE INCREASE AND, AND, AND USERSHIP. UM, IT IS ENHANCING THE VEHICULAR ACCESS AND CAPACITY THROUGHOUT THE TOURISTS IN THAT, IN THAT PORTION OF THE CITY, IT IS CREATING A MUCH BETTER PEDESTRIAN AND BIKE NETWORK. AND AGAIN, IT'S THIS, THIS TRANSITIONS FROM A KIND OF ALMOST EXCLUSIVELY KIND OF COMMERCIAL ENVIRONMENT. THERE'S A LOT OF RESIDENTIAL TOO, BUT INTO KIND OF THAT MORE KIND OF MIXED USE, UM, UH, AND KIND OF BEING AT THE SCALE THAT STILL SERVES, UM, PARTICULAR TRAFFIC, BUT, BUT ALSO KIND OF THAT MORE PEDESTRIAN KIND OF HUMAN, UH, SCALE AS WELL. UM, IT'S ADDRESSING WATER DRAINAGE ISSUES AND, AND CREATING WATER RETENTION AREAS. UM, AND, BUT WITH A MIND TOWARDS BEAUTIFICATION AND PLACEMAKING, IT'S CREATING A GATEWAY IN, IN BAIT TOWN THAT IS, PROVIDES A MORE AESTHETIC ENVIRONMENT AND ENHANCES THE LOCAL BRAND IDENTITY AND DESIRABILITY AND, AND HELPS, UM, UH, RETAILERS AND, AND BUSINESS OPERATORS. UM, AND IT'S LEVERAGING, UH, SUPPORT, UM, FOR PRIOR MUNICIPAL INVESTMENT AND PLANNING EFFORTS, RIGHT? PROVIDING MORE, MORE DOLLARS AND, AND, AND MORE HEFT, UM, BEHIND THE CORE, UM, IN INVESTMENTS AND STRATEGIC PRIORITIES OF, OF, OF THE CITY. SO THAT, THAT'S, THAT'S TOUR ONE, UMT TWO. THERE. THERE'S, UM, ALMOST LIKE A, A, A TWOFOLD, UM, THE BIG ELEPHANT IN THE ROOM, FRANKLY, IS, IS THIS IS THE OPPORTUNITY POTENTIALLY THROUGH, THROUGH A TOUR TO, UM, ENABLE AND UNLOCK THE MASSIVE AMOUNT OF INFRASTRUCTURE THAT IT WILL TAKE TO REALLY ENABLE A SIGNIFICANT AMOUNT OF NEW GREENFIELD AND, AND FRANKLY, BROWNFIELD REDEVELOPMENT SOUTH OF HIGHWAY 99, RIGHT? AND, AND, AND TO BE ABLE TO BUILD, TO BE ABLE TO CONNECT THAT TO THE CITY, UM, TO BE ABLE TO GET IT, UM, DEVELOPMENT READY, UM, AND THE IMPLICATIONS THERE FOR, UM, RESIDENTIAL USE AND EXPANSION FOR INDUSTRIAL USE AND EXPANSION AND FOR, FOR COMMERCIAL AND, AND, AND SHOPPING. UM, AND THEN HOW DOES THAT, THAT, UM, TIE INTO TO, TO BAYLAND AND, AND UM, UH, ISLAND AND, AND AND SO FORTH. UM, AND WHAT WE KNOW IS THAT WILL TAKE A LOT OF, OF INFRASTRUCTURE, ROAD WATER, SEWER ENERGY, UM, ET CETERA. UM, AND THEN, UH, HOW DO WE ENABLE COMPLIMENTARY, UM, LAND USES, UM, AND SUPPORT ACTIVATION, UM, ON BAYLAND ISLAND? HOW DO WE SUPPORT SUCCESSFUL DEVELOPMENT OF, OF MAC, UM, BOTH IN TERMS OF ENABLING THAT TO BE ALL THAT IT CAN BE, UM, AND MAXIMIZING ITS CATALYTIC POTENTIAL ON INCREASING LAND VALUES AND JUST VIBRANCY, UM, AND ECONOMIC VIABILITY OF, OF BUSINESSES AND KIND OF BRINGING MORE CUSTOMER TRAFFIC AND UM, UH, UH, IN THAT AREA. UM, AND THEN SIMILARLY IN THE, THE, THE DOWNTOWN, UM, UH, TEXAS AVE, UM, LIKE THE WOODS TOO, SUPPORTING KEY, UM, DEVELOPMENT INVESTMENT PROJECTS, UM, THAT HELP, UM, REVITALIZE, UM, THAT CORRIDOR. AND SO THAT'S THE, THAT'S THE BROADER VISION. UM, AND THEN IF WE TALK THROUGH, OKAY, WELL, WHAT'S, WHAT ARE THE DOLLARS THAT, THAT WE HAVE TO WORK WITH? UM, AND, UH, UM, YOU KNOW, TY IS, UH, WATCHING THIS BEFORE I, I WON'T BELABOR IT. UM, IT'S RELATIVELY CONSERVATIVE ESTIMATES. IT DOESN'T EVEN INCLUDE KIND OF THE, THE, THE DEVELOPMENT PROPOSAL THAT THAT, THAT WE JUST HEARD FROM. UM, BUT BY 2030 TERMS, ONE, WE EXPECT TO COLLECT, UM, ABOUT $39 MILLION IN INCREMENT BY 2050 THAT THIS FIGURE, UM, UH, PROJECTS TO BE CLOSER TO 140, UM, UH, IN INSURE INCREMENT INSURES TWO BY 2035, [00:45:01] WE WOULD EXPECT ABOUT $10 MILLION. UM, AND BY 2050, WE WOULD EXPECT ABOUT $87 MILLION OF, OF INCREMENT. UM, AND, UH, SO WHAT ARE THOSE PARTICULAR PROJECTS? WHAT'S THAT SEQUENCE RIGHT, THAT ALIGNS WITH WHAT'S BEEN SLATED WHERE WE KNOW THERE'S THE, THE POLITICAL WILL WHERE WE KNOW THERE'S THE IMPACT, UM, OF THESE PROJECTS THAT HAVE BEEN, UM, PROPOSED THAT HELP US ACHIEVE THAT INTENDED VISION THAT HELP US BUILD TAX BASE AND ECONOMIC VITALITY. UM, SO, AND THAT ALIGN WITH AVAILABLE RESOURCES. SO FOR T UMT ONE, UM, WE KNOW THAT WE WANT TO PAY THE, WE PAY THE BOND FOR THE, UH, SAN JACINTO, UH, REGIONAL, UH, TENSION DRAINAGE. UM, WE, THAT, THAT SHOULD BE AVAILABLE, UM, WITHIN THE NEXT, UM, FEW YEARS. UM, WE KNOW WE WANT TO, UM, SUPPORT AND ENHANCE, UM, IN INVESTMENTS, UM, AND, AND, UH, REPAYMENTS FOR, UM, THE, THE, THE MALL REDEVELOPMENT. AND WE KNOW WE WANT TO KIND OF MAXIMIZE, UM, PUBLIC OPEN SPACE, UM, INFRASTRUCTURE, UM, ET CETERA TO HELP CATALYZE INVESTMENT ON ADJACENT SITES AND, AND OTHER INFILL, UM, DEVELOPMENT IN THE AREA. UM, WE KNOW THAT WE WANT, UM, MAJOR, KIND OF RIGHT OF WAY, UH, STREET IMPROVEMENTS, UM, BOTH, UM, VEHICULAR AND, AND THERE'S A LOT OF KIND OF PLANNED, UM, PROJECTS THROUGHOUT, THROUGHOUT TOUR ONE. THERE'S, UM, FRANKLY, 82 MILLION OF, OF DOLLARS WORTH OF, OF KIND OF PROPOSED, UM, UH, RIGHT OF WAY IMPROVEMENTS, UM, WITHIN, WITHIN THE TOUR. UM, AND THEN WE KNOW THAT WE, THAT, THAT, AGAIN, THE, THE PED THE BIKE, THE OVERALL CONNECTIVITY, THE CONTINUING TO MAKE THIS A PLACE THAT, UM, IS, IS REALLY DESIRABLE AND VALUABLE FOR RESIDENTS, UM, AND, AND, AND ATTRACTS MORE RESIDENTIAL DEVELOPMENT, UM, AS, AS, AS WELL. UM, AND THEN THERE'S, THERE'S QUITE A BIT OF, UM, UH, PROPOSED SIDEWALK MASTER PLAN, UM, A DA IMPROVEMENTS, UM, AND, AND CERTAINLY THE POTENTIAL FOR, FOR SIGNIFICANT OTHER, UM, UH, BY COMPED, UH, CONNECTIVITY THROUGHOUT, THROUGHOUT THE TOURS. UM, AND THEN, THEN WE HEARD, YOU KNOW, UM, NONE OF THAT IS TO PRECLUDE, UM, UH, KIND OF OVERALL BEAUTIFICATION AND PLACE MAKING, UM, INVESTMENTS, WHETHER IT'S PUBLIC ART, MORE DRAINAGE, UM, OR, YOU KNOW, LANDSCAPING AND, AND, AND GREENERY WAY FINDING AND, AND, AND, UM, BRANDING. AND WHAT WE WANNA SAY TOO IS THIS IS KIND OF OUR, OUR ROADMAP, RIGHT? THIS IS, UM, BEING ABLE TO SAY, OKAY, HERE'S THE GUIDING. UM, I ALMOST THINK OF IT SIMILAR TO LIKE A, A COMPREHENSIVE PLAN WHERE THIS IS THE, THE GUIDING FRAMEWORK THAT THAT SHOULD HELP DIRECT YOUR APPROVAL, UM, IN, IN TERMS OF SELECTING AND, AND APPROVING PROJECTS. BUT IT'S NOT TO SAY IT SHOULD NEVER PRECLUDE LOGIC OR, OR OPPORTUNITIES THAT, THAT ARISE THAT BEST FULFILL, UM, THE VISION. IT, AGAIN, WE SHOULD ALWAYS BE KIND OF BUILDING TOWARDS THE STATED VISION, UM, BUT THERE'S JUST FLEXIBILITY IN TERMS OF THE EXACT SEQUENCE. UM, BUT AS OF RIGHT NOW, THIS IS OUR, OUR KIND OF RECOMMENDED, UM, SEQUENCE OF PROJECTS HERE. TWO, UM, AGAIN, IS, IS KIND OF INTERESTING. THERE'S OBVIOUSLY BEEN A INCREDIBLE AMOUNT OF, OF KIND OF PLANNING, UM, UH, AN AN ANALYSIS THAT'S BEEN CONDUCTED THROUGHOUT, THROUGHOUT THE CITY. UM, YOU KNOW, THE, THE, THE EVERGREEN INFRASTRUCTURE PLAN, UM, INCLUDING THE, UH, KIND OF OPEN SPACE AND PARK, UM, IMPROVEMENTS IS WELL OVER $200 MILLION OF, OF KIND OF ESTIMATED, UM, PRICE TAG. AND IT'S CERTAINLY NOT ALL, YOU KNOW, THE ONLY INVESTMENT NEEDED, UM, SOUTH OF HIGHWAY 99 OR WITH INTERS TWO. BUT EVEN JUST LOOKING AT THE PRICE TAG OF JUST THE TRANSPORTATION, UM, AND WATER SEWER, UM, COMPONENTS OF IT, THAT COMES TO $116 MILLION. UM, AND WE PROJECT BY ABOUT 2055 TO GENERATE, UM, 116, UM, MILLION DOLLARS OF, OF INCREMENT, UM, GIVE OR TAKE. AND JUST WHY THAT'S IMPORTANT IS JUST THAT KIND OF ROUGH COMPARISON, RIGHT? LIKE, IF WE WERE TO SAY, UM, IF WE WANTED TO, WHICH IS NOT, WHICH WE'RE NOT SAYING TO THAT SERVICE TWO IS UNLOCKING AND ENABLING THE, THE EVERGREEN INFRASTRUCTURE PLAN. IT'S IMPORTANT TO KNOW THAT IN TERMS OF THE AMOUNT OF, YOU KNOW, WHEN WE'VE GENERATED THAT AMOUNT OF INCREMENT TO FULLY FUND THAT PLAN IS ABOUT 2055. NOW, THAT PLAN ALSO HAS, HAS A LOT OF SEQUENCING AND PHASING. UM, WE KNOW WE HAVE OTHER PRIORITIES TO, TO ADDRESS, UM, UH, CONCURRENTLY. UM, BUT THAT'S A HELPFUL FRAMEWORK IN TERMS OF THAT, UM, SOME OF THE INFRASTRUCTURE COSTS THAT WOULD TAKE TO REALLY KIND OF CONNECT FURTHER AND FURTHER SOUTH, UM, AND UNLOCK A LOT OF, OF, UM, DEVELOPMENT OPPORTUNITY. UM, BUT CERTAINLY COMPONENTS OF THAT, UM, IF NOT THE, THE, THE WHOLE, UM, INVESTMENT IS A BIG PART OF THE VISION FOR, FOR, FOR T TWO, UM, IS AGAIN, OPENING UP THAT, THAT, THAT TAX BASE, THAT, THAT, THAT GROWTH, UM, AND, AND ENABLING AMENITIES AND HOUSING OPTIONS, ET CETERA. UM, AND POTENTIAL FUTURE SHOPPING DESTINATIONS, UM, OR SO FORTH, UM, IN THE AREA. UM, BUT THEN OF COURSE WE HAVE, UM, YOU KNOW, UH, OTHER, OTHER PROJECT PRIORITIES WITH ENTERS TOO, UH, INCLUDE, YOU KNOW, HOW CAN WE SUPPORT, YOU KNOW, THE, THE PRIOR INVESTMENTS THAT THE HOTEL, THE MARINA, UM, AND ON BAYLAND ISLAND, UM, YOU KNOW, [00:50:01] ARE, ARE THERE, UM, OTHER, UM, SUPPORTIVE ACTIVATIONS, UM, INVESTMENTS THAT, THAT ARISE, UM, THAT, THAT CAN, UM, CREATE RETURN ON INVESTMENT ON, ON THOSE PRIOR EXPENDITURES AND, AND CONTINUE TO CREATE THE TYPE OF PLACE THAT, THAT PEOPLE COMING COME TO AND, AND ENHANCE THE VIABILITY OF THE HOTEL. UM, AN OBVIOUS, UH, GREAT PROJECT IN TERMS OF ITS, ITS IMPLICATIONS FROM, FROM AN ECONOMIC IMPACT IS, IS, IS THE IMPACT, UM, NEW SPORTS, UH, FACILITY. HOW CAN WE HELP ENABLE THAT PAY FOR, FOR, FOR THE, THE INFRASTRUCTURE TO MAKE THAT FINANCIALLY VIABLE, UM, AND THEN CREATE THE TYPE OF CONDITIONS THAT ALA ENABLE, UM, AGAIN, ADJACENT TO AREA, UM, DEVELOPMENT AND INVESTMENT. SO WE'RE CREATING A DISTRICT THAT HAS MORE AND MORE VALUE, UM, BOTH IN TERMS OF LOCAL RESIDENTS AND, AND VALUE TO THE, THE SURROUNDS. SO MORE AND MORE PEOPLE COME AND, AND SPEND THEIR MONEY AND ENGAGE. UM, AND THEN THE DOWNTOWN TEXAS HAVE, YOU KNOW, AGAIN, HOW CAN WE, UM, SUPPORT, UM, UH, TRANSFORMATIVE PROJECTS, UM, THROUGHOUT THE CORRIDOR, UM, TO HELP KIND OF REVITALIZE AND, AND PROVIDE, UM, UH, IN INVESTMENT AND REINVESTMENT THERE. UM, WHEN WE KIND OF RUN THE NUMBERS OF, OF THE PROJECTED, UM, UH, DEVELOPMENT GROWTH AND, AND LAND VALUE GROWTH, BOTH IN TERMS OF, UM, CONSTRUCTION AND, AND OPERATIONS OF, OF NEW ONSITE ACTIVITY, UM, THIS, YOU KNOW, THERE IS A, A RE AGAIN, THIS IS LIKE RELATIVELY CONSERVATIVE 'CAUSE IT'S BASED ON, ON, UM, THE RELATIVELY CONSERVATIVE KIND OF INCREMENT GROWTH PATTERNS. UM, THERE'S A LOT OF POTENTIAL FOR A SIGNIFICANT AMOUNT OF, OF NEW JOBS FOR A SIGNIFICANT AMOUNT OF, UM, UH, ECONOMIC HEFT AND, AND, AND, UM, OF NEW BUSINESS SALES REVENUE. AND, AND OF THIS IS TAX REVENUE, OF COURSE, NOT INCLUDING THE INCREMENT, WHICH IS, WHICH IS DIVERTED, BUT THIS IS GENERAL FUND, UM, UH, TAX REVENUE TO, TO, TO THE CITY OF BAYTOWN AND TO HARRIS COUNTY, UM, UH, WHICH IS VERY CONSIDERABLE THAT YOU, THAT YOU COULD EXPECT KIND OF BASED ON, ON PROJECTED GROWTH. SO THE NEXT STEPS IN IN THIS PROCESS ARE FOR, UM, UH, Y'ALL TO REVIEW THE, THE COMPLETE DRAFT, UM, REPORT. UM, AND I BELIEVE THAT THAT'LL BE ISSUED, AND, AND TIFFANY, CORRECT ME IF I'M, I'M WRONG, UM, RIGHT AFTER THIS PRESENTATION OR AN UPCOMING DAYS, IF, IF IT HASN'T ALREADY. UM, UH, AND THEN FOR, FOR YOU TO, YOU KNOW, REVIEW FEEDBACK, PROVIDE, YOU KNOW, ACCEPTANCE OR ADOPTION, UM, UH, YOU KNOW, AND, AND KIND OF WE'LL WORK WITH YOU TO, IF THERE'S ANY KIND OF ADJUSTMENT, YOU KNOW, ON, ON KIND OF THE CHURCH PROJECTS. BUT AGAIN, THAT'S SOMETHING THAT, THAT'S AN ITERATIVE PROCESS THAT WILL CONTINUE TO BE UPDATED OVER TIME. CONDITIONS CHANGE, OPPORTUNITIES CHANGE. UM, THAT'S SOMETHING THAT KIND OF, THIS IS THE, THE FRAMEWORK, UM, THAT PROVIDES YOU THE, THE DECISION MAKING POWER AND KIND OF THE, THE LEGAL BASIS TO, TO, UM, UH, SELECT PROJECTS AND, AND ALLOCATE, UM, FUNDS. UM, AND THEN THERE'S, THERE'S REALLY IMPORTANTLY IN TERMS OF KIND OF PARTNERSHIPS AND, AND KIND OF, UM, SOME OF THE, THE REGULATORY ASPECTS OF THIS, UM, IS THE, THIS STUDY SHOULD BE, UM, YOU KNOW, SOME OF THE NEXT STEPS ARE TO ENGAGE, UM, HARRIS COUNTY, UM, ABOUT DO, DO WE EXTEND, UM, THE TIMEFRAME OF TOUR ONE CURRENTLY THAT EXPIRES IN, IN 2030, BIG, UM, FISCAL IMPLICATIONS, UH, THERE, AND THEN, UM, ENGAGING HARRIS COUNTY ABOUT PARTICIPATING INT TWO, UM, AND THEN ENGAGING, UM, THE COLLEGE ABOUT PARTICIPATING IN, UH, BOTH SOURCES. UM, AND, UH, UH, YEAH. AND SO REALLY THE, THE, UM, MAIN QUESTION THAT WE HAVE FOR YOU ALL, AND THAT WE WANNA MAKE SURE IS, UM, DOES THIS FEEL RIGHT? IS, IS THIS THE, UM, YOU KNOW, UM, THE RIGHT LEVEL OF KIND OF WHAT YOU NEED TO, TO, UH, MOVE FORWARD? UM, BUT YEAH, WE'RE INTERESTED IN HEARING IN ANY KIND OF FEEDBACK, BIG OR SMALL. WELL, IT ALL LOOKS VERY INTERESTING AND LOOKS VERY ENCOURAGING TO SEE THESE THINGS COMING TO LIGHT AFTER THE WORK THAT'S BEEN DONE TO EVALUATE ALL OF IT. SO IT'S REALLY ENCOURAGING TO, UH, THINK ABOUT THE POSSIBILITIES THAT WE'VE, WE'VE GOT HERE. WHAT'S NOT REAL ENCOURAGING WAS SEEING SOME OF THOSE DATES OUT THERE AT 2055, AND I'M THINKING I'LL BE 103 YEARS OLD WHEN THAT THING COMES INTO FRUIT. AND I'M, I DON'T KNOW IF I'LL, UH, BE ABLE TO BANG THE GAVEL UP HERE, BUT, UH, NO, THAT, UH, SEEING THOSE, UH, PROJECTIONS OUT THERE, REALLY THE, GIVES ME ENCOURAGEMENT FOR THE FUTURE HERE IN BAYTOWN, GROWTH CITY, RIGHT. , ANY OTHER, I'M LOOKING FORWARD TO SEE WHAT, YOU KNOW, HOW IT TURNS OUT AND ALL THE, EVERYTHING THAT, YOU KNOW, WE'RE HOPING AND PLANNING FOR IT, IT WORKS OUT THAT WAY. MM-HMM . BECAUSE IT LOOKS VERY INTERESTING. [00:55:01] ANY QUESTIONS, COMMENTS, SNIDE REMARKS TO ME OR ANYTHING? NO, IT'S LOOKING GOOD. I'M, I'M LOOKING FORWARD TO THE FINAL REPORT, YOU KNOW, GOING FROM GENERIC, YOU KNOW, IDEAS THAT WE'VE BEEN TALKING, TALKING ABOUT TO ACTUAL, UH, YOU KNOW, PEN TO PAPER TO SEE WHAT IT ACTUALLY IS GONNA LOOK LIKE. BUT I THINK WE'RE ON THE RIGHT TRACK. YEAH, I DO. YEP. GREAT TO HEAR. NO, THERE, THERE'S, THERE'S A REAL OPPORTUNITY ON MY HEAD. IT'S, IT'S, IT'S PRETTY EXCITING. THANK YOU. ALRIGHT. OKAY. ALRIGHT. WELL APPRECIATE, THANK YOU FOR YOUR, YOUR REPORT, JOHN. APPRECIATE IT. OKAY. OKAY. THANK YOU ALL. THANK Y'ALL. YES SIR. THANK YOU. ALRIGHT. ALL RIGHT. OKAY. ALRIGHT. MOVING ON [a. Consider a resolution recommending approval and adoption of the Annual Budget for Tax Increment Reinvestment Zone (TIRZ) Number Two, City of Baytown, Texas, for Fiscal Year 2026–2027.] TO ITEM FOUR A AND WE WILL, UH, THIS WILL BE AN ACTION ITEM. UM, CONSIDER A RESOLUTION AMENDING APPROVAL ADOPTION, THE ANNUAL BUDGET FORTS TWO CITY OF BAYTOWN FOR FISCAL YEAR 26, 27, RIGHT? SO AS WE WERE TALKING THROUGH THOSE WONDERFUL THINGS IN THE FUTURE, UH, WE'RE HOPING THAT, UM, FUTURE BUDGETS FORTS TWO, UM, START TO SHOW SOME ACTIVITY, UH, CURRENTLY THE BUDGET BEFORE YOU, BECAUSE WE HAVE NOT, UH, SEEN AN INCREMENT, UH, REALIZED FROM THE BASE VALUES, UM, JUST YET. UH, WE DO NOT HAVE, UM, A BUDGET WITH ANY FUNDS COMING IN OR GOING OUT. UM, YOU'LL NOTICE IN THE, UH, RESOLUTION THAT'S BEFORE YOU, REVENUES AND EXPENDITURES ARE BOTH ZERO AND THEREFORE THE NET BUDGET IS ZERO. SO, UM, UH, THIS IS PROBABLY THE EASIEST BUDGET THAT I'VE EVER PRESENTED. SO, UM, I WILL, UH, ANSWER ANY QUESTIONS. NOTHING FROM NOTHING LEAVES NOTHING. YEP. YES MA'AM. ANYBODY HAVE ANY QUESTIONS ABOUT WE NEED TO START MAKING SOME MONEY? YEAH, SHOW ME THE MONEY. YEAH, ANY WAITING ON A MOTION? MOTION? OH YES. WE NEED A MOTION TO MOVE TO APPROVE. I SECOND. ALRIGHT. WE HAVE A MOTION AND A SECOND TO APPROVE THE OPTION OF THE BUDGET OR DEFINITION. ZERO. ZERO, RIGHT? RIGHT. YES. ALL THOSE IN FAVOR? AYE. AYE. ALL THOSE SUPPOSE LIKE SIGNED. ALRIGHT, MOVING ON [a. Receive and discuss reports from staff for items of comunity interest to include development-related projects, programs, oppertunities and potential items for future meetings.] TO ITEM FIVE A. HAVE ANY, AND I DON'T INFORMATION, I DON'T HAVE A WHOLE LOT TO SHARE. UM, I'LL, UH, CERTAINLY, UM, DEFER TO ANY OTHER MEMBER OF THE TEAM. UM, BUT AT THIS POINT WE'RE KIND OF GOING THROUGH, UH, WHAT WE HAVE OUTSTANDING, UH, LOOKING AT, UH, SOME OF THE ITEMS THAT, UH, WILL NEED TO BE BROUGHT BACK BEFORE YOU. UM, I KNOW THAT, UH, YOU KNOW, THERE'S PROBABLY A FEW, UH, ITEMS RELATIVE TO, UM, THE DEVELOPMENT THAT YOU HEARD FROM, UH, THE, UM, UH, THE PLAN THAT, UH, WE JUST SAW THE DRAFT OF. UM, NOT SURE IF THAT'LL COME BACK, UH, NEXT TIME OR IN THE FUTURE, BUT, UM, WE'LL BE, UH, PULLING SOME THINGS TOGETHER AND, UH, COMING BACK WITH YOU AS SOON AS WE HAVE, UH, SOMETHING FOR YOUR CONSIDERATION. OKAY? ALRIGHT. WELL SAME AS WE HAVE NO FURTHER ACTION ITEMS OR FURTHER BUSINESS ITEMS. UH, HERE. A MOTION TO ADJOURN. WE HAVE A MOTION DOWN HERE. WE HAVE A MOTION. SECOND. HAVE A SECOND. ALL THOSE IN FAVOR? AYE. ALL THOSE OPPOSED? IF YOU WANT TO CONTINUE TO JOIN THE REST OF THE EVENING. DONE. THANK Y'ALL. THANK Y'ALL. THANK Y'ALL SO MUCH. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.