Jan 08, 2026 Odessa Development Corporation

[1. Call to Order]

[00:00:09]

I'M GOING TO CALL THIS MEETING TO ORDER AT 306. THOMAS, WOULD YOU LEAD US IN THE INVOCATION, PLEASE? PRAY WITH ME, PLEASE. DURING. FATHER, THANK YOU FOR THIS DAY. THANK YOU FOR ALL YOUR MANY BLESSINGS. THANK YOU FOR THE WORLD WE LIVE IN, AND ESPECIALLY THE COUNTRY AND THE STATE AND THE COUNTY WE'RE IN. HELP US USE YOUR WISDOM IN ALL OUR DECISIONS. THANK YOU FOR JESUS CHRIST NAME WE PRAY. AMEN. AMEN. WILL YOU PLEASE STAND FOR THE PLEDGE? I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.

ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. HONOR THE TEXAS FLAG. I PLEDGE ALLEGIANCE TO THEE. TEXAS. ONE STATE UNDER GOD, ONE AND INDIVISIBLE. OKAY.

[4. Elect officers: President, Vice President, Assistant Secretary]

ANY DISCUSSION? ANYBODY DOESN'T WANT TO SERVE OR SOMEBODY WANTS TO SERVE THAT ISN'T. OKAY. ALL THOSE IN FAVOR OF THIS SLATE, TIM EDMOND PRESIDENT, THOMAS BLACKSTONE VICE PRESIDENT. AND PEGGY DEAN, ASSISTANT SECRETARY. ALL THOSE IN FAVOR SAY I, I OPPOSED TAKE THE NEW OFFICERS ARE ELECTED, AND I WILL NOW TURN THIS MEETING OVER TO THE NEW PRESIDENT. BUT THEY SAID NOT TO MOVE. YEAH, WE GOT OUR NAME TAGS IN THE RIGHT SPOT THIS TIME. OKAY. ALL. GOOD. NOW

[5. Consider Minutes of December 11 and 18, 2025 ]

YES, BOTH OF THEM. SECOND MOTION IN A SECOND. ALL IN FAVOR, SIGNIFY BY SAYING AYE.

AYE. ALL OPPOSED. SAME SIGN AND PASSES CITIZEN COMMENTS ON THE NON-AGENDA ITEMS. ANY MEMBER OF THE PUBLIC MAY ADDRESS THE BOARD REGARDING ANY OF THE AGENDA ITEMS BEFORE OR DURING

[7. Contractors’ reports]

GOOD AFTERNOON. YOU FIND MY REPORT OR OR ED REPORT IN YOUR PACKET. AND AS USUAL IT KICKS OFF WITH PROJECTS. SOME OF THESE HAVE BEEN ON HERE FOR QUITE A WHILE. WE'RE HOPING TO TO MOVE THEM TO FRUITION. I WILL TELL YOU ON THE FIRST PAGE OF PROJECTS, ONE OF THEM SUCH AN ORIGINAL NAME PROJECT THAT IS ACTUALLY A KIA DEALERSHIP, AND WE WERE TRYING TO WORK TO GET THAT LOCATED IN ODESSA. YOU MAY HAVE SEEN A PRESS RELEASE ON IT. UNFORTUNATELY, WE LOST OUT ON THAT. YOU MAY ALL KNOW OR YOU MAY NOT, BUT SEWELL HAS THE KIA FRANCHISE NOW AND THAT'S GOING TO BE IN MIDLAND. AND WHAT WE LOST OUT ON WAS THEY HAVE AN EXISTING BUILDING.

THEY'RE GOING TO TAKE THE FORMER BMW BUILDING THAT THEY MOVED THE BMW DEALERSHIP OUT OF, AND IT IS NOW THE KIA DEALERSHIP. AND SO I GOT CONFIRMATION THAT THAT WE WERE NO LONGER AN OPTION MONDAY. AND UNFORTUNATELY THEY'RE GOING TO PUT THAT INTO MIDLAND. SO BUT OBVIOUSLY YOU WANT TO BUY YOUR CARS AS ODK MEMBERS IN ODESSA. SO. OTHER THINGS I WILL MENTION A LOT OF THESE HAVE BEEN ON HERE. BUT WHAT I WILL MENTION ON THE SECOND PAGE OF THE REPORT, TWO PROJECTS, WHIPTAIL AND TCP, THOSE ACTUALLY WENT QUIET FOR AN EXTENDED PERIOD OF TIME. AND AS OF THIS WEEK, AND I HAD DONE A NUMBER OF REACH OUT TO THEM, BUT NEVER HEARD BACK, NEVER RECEIVED RETURN ON THE MESSAGE OR ANYTHING. AND THEN ALL OF A SUDDEN THIS WEEK, WHICH IS NOT TOTALLY UNUSUAL IN ECONOMIC DEVELOPMENT THERE, HOT AND HEAVY AND AND SO I'VE GOT MEETINGS WITH BOTH OF THOSE PROJECTS NEXT WEEK. THINGS GOT A LITTLE SLOW IN NOVEMBER AND

[00:05:04]

THERE'S A COUPLE OF GOOD PROGRAMS THAT THAT WE DON'T HAVE ENOUGH INFORMATION TO GET OUT YET, BUT WORKING IN CONJUNCTION WITH THE SCHOOL DISTRICT, THERE'S A COUPLE OF GOOD PROGRAMS THAT I THINK HERE IN THE NEAR FUTURE, WE WILL BE ABLE TO SHARE WITH YOU A COUPLE OTHER THINGS I WANTED ONE, I'M E YOU A COPY OF A MAGAZINE. THE REASON BEING IS BECAUSE SINCE WE'RE AN ADVERTISER IN HERE, WE GET FAR MORE THAN WE EVER NEED. AND SO I GOT TO GET RID OF THEM.

BUT YOU GET TO SEE THE ODESSA ONLY AD WHICH WHICH CURRENT MEDIA PUTS TOGETHER. IT'S ON PAGE 171. SO I'LL HAND THESE OUT REAL QUICK. THIS MAGAZINE GOES TO SITE SELECTORS, CORPORATE EXECUTIVES WHOSE COMPANIES MAY BE CONSIDERING THESE SITES. AND SO IF IF NOT, I MIGHT TAKE THIS BACK. IF YOU DON'T MIND, I CAN GET YOU ANOTHER ONE. I USUALLY WORK ON THAT. OBVIOUSLY, YOU GOT A GREAT MARKETING TEAM WITH WITH CHRISTINE, HER FOLKS. AND SO WE

[00:10:04]

THEY DO ALL THE ART WORK AND THEY KNOW THE NUMBERS AND WHAT WORKS AND WHAT DOESN'T. AND WHAT MAKES IT EASY FOR US IS RATHER THAN HAVE TO DEAL WITH THAT, WE FORWARD. WHEN WE GET A REQUEST, SHE'LL TELL YOU WE DON'T DO A TON OF PRINT ADVERTISING, BUT THERE'S CERTAIN MAGAZINES EACH YEAR THAT THAT THAT DRAW MORE THAN THAN OTHERS. THIS ONE HAPPENS TO SIT. IF YOU GO INTO THE GOVERNOR'S OFFICE IN THE RECEPTION AREA ON THE TABLE, THERE'LL BE A STACK OF THESE. AND SO THAT'S ONE OF THE REASONS WE PARTICIPATE WITH THAT. ANOTHER THING I WAS GOING TO MENTION, AND I'LL, I'LL HAVE A CHANCE SINCE WE HAVE A NEW PRESIDENT, I'M GOING TO MEET WITH HIM NEXT WEEK, AND WE'RE GOING TO DISCUSS SALES TAX TRAINING, BECAUSE WE HAVEN'T DONE THAT IN A WHILE. Y'ALL WEREN'T LOOKING INTO THAT.

WHERE YOU, CHRISTINA SALES TAX TRAINING. YEAH. YOU HAVE TO GO THROUGH A TRAINING COURSE AT LEAST EVERY TWO YEARS. I THINK IT'S BEEN A WHILE PROBABLY AT LEAST TWO YEARS. AND NOW WE HAVE A WHOLE LOT OF NEW FOLKS. AND IT'S NOT JUST Y'ALL, BUT MY TEAM HAS TO GO THROUGH IT EVERY SUPPOSEDLY, EVERY 2 TO 3 YEARS. AND THEN PEOPLE WITH THE CITY STAFF THAT TOUCH ECONOMIC DEVELOPMENT IN ANY WAY, SHAPE OR FORM. SO IT'S GOING TO BE A LOT OF PEOPLE TO TRY TO BRING TOGETHER A GOOD DATE. BUT WE'RE GOING TO WHEN I MEET WITH WITH MR. EDGMON, I'M GOING TO SEE IF WE CAN'T GET SOME OPTIONS OUT THERE AND THEN WORK WITH NORMA AND TRY TO REEL EVERYBODY IN.

SO AND THAT'S A STATE REQUIREMENT FOR TYPE A AND TYPE B CORPORATIONS. SO OKAY. AND WITH THAT I WILL BE HAPPY TO ENTERTAIN ANY QUESTIONS YOU MAY HAVE. ANY QUESTIONS. I WAS REALLY IMPRESSED WITH MJ'S REPORT FROM DOWNTOWN ODESSA. YEAH. LOOKS LIKE SHE KNOCKED ON EVERY DOOR AND ONCE SHE COULDN'T MEET WITH LIVE, SHE DID HAVE A PHONE CALL WITH. AND SO THAT'S GONE VERY WELL. I DON'T KNOW WHO DID THE IDEA. IT MIGHT HAVE BEEN COUNCILMAN MITCHELL WITH REGARDS TO HITTING EVERYBODY ON GRAND STREET IN. YOU KNOW, WE WERE THINKING IT WAS GOING TO TAKE A LITTLE LONGER. SO WE DIDN'T THINK WE'D HAVE EVERYBODY BY NOW. BUT SHE'S EVERYBODY SHE COULD GET TO LIVE OR DURING REGULAR WORKING HOURS. SHE'S SHE'S BEEN ABLE TO DO THAT. SO NOW WE'RE GOING TO LOOK AT ANOTHER LOCATION TO, TO ATTACK.

AND, AND COUNCILMAN MITCHELL KNOWS THAT SHE'S DONE THIS RIGHT I BELIEVE. SO I BELIEVE THERE WAS A CONVERSATION LAST WEEK OR TWO WEEKS AGO. OKAY. BUT I, I CERTAINLY WILL. YEAH, BECAUSE I OWE HIM A CONVERSATION. WANTED US TO BE SURE WE'RE WORKING ON THAT. SO NOT FORWARD THIS TO CITY COUNCIL. THE CITY COUNCIL THIS ONE. YEAH. AND ONE THING I ALSO I'LL REMIND Y'ALL BECAUSE Y'ALL CAN HELP US. YOU KNOW WE WE CAN'T BE EVERYWHERE ALL THE TIME. THERE WAS A DOWNTOWN BUSINESS THAT NEEDED SOME ASSISTANCE WITH ROOF. AND I THINK IT MADE FACEBOOK AND SOME OTHER THINGS. AND COUNCILMAN REACHED OUT TO US WITH WITH THE FACEBOOK POST. AND SO WE I HAD HIM GO BY AND VISIT. SHE'S BEEN BY TWICE. WE'VE OFFERED ASSISTANCE WITH ACTUALLY FILLING OUT THE APPLICATION AND EVERYTHING. AND SO YOU KNOW AS EYES AND EARS, IF Y'ALL HEAR OR SEE SOMETHING, CERTAINLY EMAIL ME OR MEMBER OF MY TEAM AND WE'RE HAPPY TO GO OUT THERE AND TALK TO THEM. ANY OTHER QUESTIONS FOR TOM? I JUST HAD ONE THING I MISSED THAT YOU WHEN YOU STARTED OUT, YOU SAID. YOU HAD THE TWO OF THESE PROJECTS YOU WERE GOING TO BE TALKING TO NEXT WEEK, TCP PROJECT TCP AND PROJECT WHIPTAIL. AND I WILL TELL YOU, WHIPTAIL IS A SIGNIFICANT SIZED DATA CENTER. AND AND SO I WAS KIND OF HOUNDED THEM DAILY AND THEY JUST WEREN'T RETURNING ANY MESSAGES. AND SO PROBABLY FOR THE LAST MONTH THAT HAD GONE TOTALLY QUIET. AND THEN OUT OF NOWHERE MONDAY, THEY REACHED OUT TO ME. AND WE'VE GOT AN APPOINTMENT SET UP FOR FOR NEXT WEEK. THE OTHER DATA CENTER, WHICH I HAVE MENTIONED TO Y'ALL, PROJECT BLIZZARD KING, THAT'S THE ONE THAT'S THE FURTHEST DOWN THE ROAD. THEY HAVE A PPA, WHICH IS A POWER PURCHASE AGREEMENT. THEY ARE IN THE LAST STAGE OF NEGOTIATIONS WITH A SIGNIFICANT HYPERSCALER. THEY HAVE ACTUALLY ALREADY CLOSED ON THEIR LAND IN ECTOR COUNTY. AND BECAUSE IT'S IN THE ETJ, I THINK THEY'VE ALREADY STARTED SOME DISCUSSIONS WITH REGARDS TO AN INDUSTRIAL DISTRICT. WHERE'S THAT GOING TO BE LOCATED? I HATE TO SHARE THIS. WELL, SINCE I'VE CLOSED ON THEIR LAND, IT'S KIND OF PUBLIC INFORMATION. THEY IDENTIFIED SOME GROW PROPERTY SOUTH OF TOWN, 480 ACRES. AND SO, YOU KNOW, THE CONCERN WAS WHEN YOU LOOK AT ABILENE AND THEY'VE GOT, I DON'T KNOW, 1200 ACRES, IT'S

[00:15:03]

ANY OTHER QUESTIONS? OKAY. THANK YOU, THANK YOU. NEXT. CURRENT MEDIA PARTNERS. CHRISTY.

GOOD AFTERNOON. ALL RIGHT. WE HAVE A FEW UPDATES FROM LAST MONTH. THERE WERE A FEW THINGS THAT WERE NOT INCLUDED IN THE BOARD PACKET. WE DID NOT HAVE ALL OF THE DATA FROM THE DIGITAL CAMPAIGNS AT THE TIME THAT WE TURNED THIS IN. SO YOU'LL HAVE TWO MONTHS WORTH OF DATA IN YOUR NEXT ONE, BUT I'LL HIT A FEW OF THE HIGH POINTS FROM FROM DECEMBER ON THE WEBSITE. FIRST OF ALL, WE DID UPDATE THE ADVANCED MANUFACTURING LANDING PAGE. WE USE THAT FOR A LOT OF OUR DIGITAL CAMPAIGNS AND FELT LIKE IT WAS IN NEED OF A REFRESH. SO WE'VE UPDATED THAT. WE'VE ALSO COMPLETED A NEW WORKFORCE RESOURCES PAGE, AND WE'VE WORKED WITH MONICA A LITTLE BIT ON THAT AS WELL. BUT I THINK WITH EVERYTHING THAT SHE'S DOING WITH WORKFORCE, WE NEEDED JUST TO TO BEAT THAT UP A LITTLE BIT. SO WE'VE DONE THAT AS WELL. OUR WEB TRAFFIC WAS UP AGAIN IN DECEMBER. AT SOME POINT I EXPECT THAT WE'LL, YOU KNOW, COME TO YOU AND TELL YOU THAT IT'S GONE DOWN. BUT WE'RE STILL ON AN UPWARD TREND.

VIDEOS I THINK I'VE TOLD YOU IN THE PAST, OUR VIDEOS PERFORM BEST ON OUR SOCIAL AND OUR PROGRAMMATIC ADS. SO WE'VE DONE ANOTHER ROUND. WE'RE IN THE PROCESS OF EDITING, I THINK I REPORTED LAST TIME, BUT WE DID ONE ON STANDARD INDUSTRIAL, TEXAS TECH HEALTH SCIENCE CENTER, THE BASS PRO SHOPS, GCC CEMENT, AND THEN WE ALSO WENT OUT AND FILMED NEW FOOTAGE AT THE SEWELL AUTO TECH CENTER WITH STUDENTS, WITH TEACHERS. AND SO I THINK THAT'S GOING TO BE A REALLY GOOD ONE THAT WE CAN GET OUT THERE AS WELL AND HIGHLIGHT THEM. IN ODESSA COLLEGE, WE ALSO DID A VIDEO ON DATA CENTERS, JUST KIND OF WHAT ARE THEY? WHAT DO THEY TAKE? SOME OF THE THINGS TOM WAS JUST TALKING, NOT SURE THAT WE'RE GOING TO ACTUALLY PUT THAT IN PAID ADS, BUT THOUGHT WHILE WE WERE FILMING, IT WAS GOOD TO AT LEAST EXPLAIN TO THE PUBLIC AS QUESTIONS COME UP. SO WE'LL PROBABLY USE THAT ON OUR SOCIAL CHANNELS, EMAIL TEMPLATES. SO WE ARE PROBABLY GOING TO MEET WITH THE ECONOMIC DEVELOPMENT STAFF NEXT WEEK. WE HAVE UPDATED SOME TEMPLATES FOR THE E-BLASTS THAT GO OUT FROM THEIR DEPARTMENT, JUST TO MATCH SOME OF THE OTHER CURRENT CAMPAIGNS THAT WE HAVE, AND WE HAVE SOME NEW AD CAMPAIGNS, AND I'M GOING TO SHOW THOSE TO THEM NEXT WEEK. I NEED TO GET WITH THE MARKETING COMMITTEE TO SHOW THEM, BUT WE HAVE SEVERAL TO CHOOSE FROM. BUT PART OF THESE ARE HIGHLIGHTING OUR LOCAL BUSINESSES AND THE PEOPLE BEHIND IT. SO WE'VE GOT SOME GOOD QUOTES. NOW, I THINK WE NEED TO GET SOME GOOD PHOTOGRAPHY AND REALLY HIGHLIGHT SOME OF OUR PEOPLE HERE THAT HAVE BENEFITED FROM ODK IN THE PAST. WE DID WRAP UP IN DECEMBER OUR NATIVE CONTENT MARKETING. THESE WERE ARTICLES THAT WERE LITERALLY PLACED ON THE ASSOCIATED PRESS SITES. WE GOT VERY GOOD EXPOSURES. THE NUMBERS LOOK VERY GOOD. WE HAD IT IN LAST YEAR'S BUDGET. I DID NOT PUT IT IN THE 2026 BUDGET. I'LL INCLUDE ALL OF THOSE NUMBERS IN THE REPORT NEXT, NEXT MONTH. WE JUST GOT THEM YESTERDAY. THEY LOOK GOOD. THEY LOOK GOOD ENOUGH THAT WE MIGHT WANT TO RECONSIDER THAT FOR THIS YEAR, BUT I WILL. I'LL LET YOU KNOW NEXT MONTH ONCE WE'VE HAD A CHANCE TO LOOK AT THOSE MORE. ONE OF THE OTHER THINGS TOO, I KNOW AFTER THE JOINT MEETING, WE'VE TALKED A LOT ABOUT DOING MORE ON THE FACADE AND INFRASTRUCTURE GRANTS. SO ONE OF THE THINGS THAT CAME UP, I BELIEVE, FROM COUNCILMAN STOKER WAS A LETTER CAMPAIGN TO THOSE BUSINESSES. SO WE HAVE DRAFTED A LETTER. TOM HAS APPROVED IT THAT WILL GO OUT NEXT WEEK TO ALL OF THOSE BUSINESSES IN ODESSA TO MAKE SURE THAT THEY KNOW, MAKE SURE THAT THEY KNOW WHERE TO GO AND WHAT'S AVAILABLE. AND THEY DO INCLUDE THE THE SOUTH GRANT BUSINESSES AS WELL. OTHER THAN THAT, WE DID PUT SOME OF OUR DIGITAL CAMPAIGN MONEY BEHIND THE FACADE GRANTS. WE'VE DONE A LITTLE BIT IN THE PAST, BUT WE PUT ABOUT $5,000 BEHIND THAT, AND WE'VE HAD REALLY, REALLY GOOD ENGAGEMENT ON THOSE. SO THE CLICK THROUGH THE THE LINK CLICKS HAVE BEEN GOOD, BUT THE ENGAGEMENT HAS BEEN GREAT AND THE COMMENTS HAVE BEEN 100% POSITIVE, WHICH VERY SELDOM DO I GET TO SAY THAT ON A SOCIAL CAMPAIGN. SO THAT'S BEEN GOOD.

THAT'S BEEN GOOD. OTHER THAN THAT, YOUR REGULAR DIGITAL AD CAMPAIGNS, AND IT OCCURS TO ME FOR THE NEW BOARD MEMBERS, I NEED TO GET YOU GUYS A COPY OF A TARGET INDUSTRY SURVEY THAT

[00:20:01]

GOOD EVENING TO EVERYONE. HAPPY NEW YEAR. IF I HADN'T SEEN YOU UNTIL TODAY AND MY SUGGESTION TO THE PRESIDENT, WE STARTED WITH A SMALL OR MEDIOCRE STUFF FIRST AND THEN WORK OUR WAY UP TO THE BIG THINGS. AND THAT WAY IS. BUT ANYWAY, I HOPE EVERYBODY SHOULD HAVE A REPORT IN FRONT OF YOU. THE THE EXCITING PART ABOUT OUR REPORT THIS MONTH, WE WERE KIND OF EXPECTING A DOWNTURN BECAUSE OF THE HOLIDAYS, BUT IT WAS REALLY SURPRISING. WE HAD A LOT OF ACTIVITY AND THAT WAS SPEARHEADED BECAUSE WE HELPED SUPPORT A LOT OF DIFFERENT EVENTS THIS MONTH. WE REACHED OUT, WE DID A THE THING I WAS REALLY PROUD OF, AND IT KIND OF ALWAYS SAY WE GET IN WHERE WE FIT IN. WE DID A CANNED DISTRIBUTION COLLECTION FOR SOME NEEDY FAMILIES FOR THE MONTH OF DECEMBER. WE ASKED THAT WE COULD IF WE COULD RECEIVE A THOUSAND CANS, CANNED GOODS FOR BOXES THAT WE WERE GOING TO GIVE AWAY. AND THE RESPONSE WAS TO THE POINT THAT WE RECEIVED OVER 3000 CANS. WOW. WE FILLED A PANTRY AND WE WERE ABLE TO GIVE OUT OVER 200 FOOD BOXES FOR THE MONTH OF DECEMBER, AND WE WERE ABLE TO GIVE OUT 150 HOT MEALS TO DIFFERENT NEEDY FAMILIES. SO WE WANTED TO TRY TO USE THE HOLIDAYS AS KIND OF A GIVE BACK, BUT STILL MAINTAIN OUR OUR CONNECTION WITH OUR SMALL BUSINESSES. OUR OUR COUNSELING SESSIONS WERE UP THAT WE RELEASED FOR SOME REASON. I GUESS EVERYBODY WAS FEELING THE CHRISTMAS SPIRIT. SO THEY CAME IN AND WANTED TO VISIT THE OFFICE. WE HAD SOME THAT ARE LOOKING FOR BIGGER LOCATIONS. WE EMPHASIZE WHAT MISTER MANSKY HAD DISCUSSED.

THE TIER THREE, WHICH IS ON GRANT, WHICH EXTENDS TO THE INTERSTATE. SO WE HAVE BEEN KIND OF TRYING TO ENCOURAGE SOME OF OUR SMALLER ENTREPRENEURS TO LOOK IN. AND I KNOW THAT IF YOU DRIVE DOWN SOME OF THE AREA THERE ON SOUTH, GRANT YOU IT'S A NEED FOR DIFFERENT BUILDINGS. SOME MAY NEED TO BE TORN DOWN, BUT THERE'S SPACE AVAILABLE.

THERE'S IF WE WE WE'RE TRYING TO ENCOURAGE THEM, THAT THERE IS A BENEFIT IN LOCATING YOUR BUSINESS THERE BECAUSE YOU CAN RECEIVE SOME TYPE OF ASSISTANCE. WE'VE HAD COMPANIES THAT ACTUALLY APPROACHED US ABOUT RELOCATING THEIR BUSINESS TO ODESSA. SO THESE ARE THE TYPE OF THINGS THAT WE WERE NOT EXPECTING TO SEE IN DECEMBER, BUT WE ARE NOT. IF THE NUMBER BY THE NUMBERS GOING UP, WE'LL TAKE THEM BECAUSE PEOPLE BASICALLY WENT TO OUR SOCIAL MEDIA TO SEE THE TYPE OF EVENTS WE HELPED ORGANIZATION GIVE OUT OVER, FEED 300 PEOPLE FOR AND GAVE KIDS TOYS, AND WE HELPED SPONSOR AND WE HAD SOME OF OUR MEMBERS DONATE AS WELL. BUT WE STILL KEPT OUR FOCUS TO THE POINT THAT WE WERE THERE TO HELP OUR BUSINESSES. WE'RE GOING TO IMPLEMENT MORE WORKSHOPS BECAUSE WE'VE BEEN REQUESTED, AND I'M GOING TO GET WITH MISTER MISTER TYLER, PAT WITH THE SBDC TO SEE IF WE CAN GET A LIST OF ALL OF THIS INFORMATION, BECAUSE WE HAVE SOME SMALL BUSINESSES THAT THEY'RE TO THE POINT WHERE THEY'RE STRUGGLING WITH THEIR BOOKS AND THEY'RE STRUGGLING WITH ADVERTISING THEIR BUSINESSES. SO WE'RE TO THE POINT THAT WE LIKE TO HELP THEM, YOU KNOW, POINT THEM IN THE

[00:25:05]

SO ANY QUESTIONS TO ANYTHING THAT YOU MAY SEE. GET TO REPORT. SOUNDS LIKE YOU. YOU'RE REAL BUSY IN DECEMBER, THAT'S FOR SURE. YEAH. AND I TURNED 65 AND I HAD A SENIOR MOMENT. SO SO BUT ANYWAY, THANK YOU SO MUCH AND WE APPRECIATE EVERYTHING YOU DO FOR US. THANKS, CHRIS.

ALRIGHT. NEXT TYLER PATTON WITH THE. GOOD AFTERNOON. EACH OF YOU HAD A GREAT CHRISTMAS AND NEW YEAR'S HOLIDAYS. I WANT TO LOOK AT THE LAST QUARTER. YOU'VE GOT THE REPORT IN FRONT OF YOU, BUT I KIND OF WANT TO JUST SUMMARIZE ALL OF IT. OVER THE LAST THREE MONTHS, WE HAD ABOUT 1241 COUNSELING SESSIONS LOOKING AT THE ENTIRE FISCAL YEAR, WHICH OUR FISCAL YEAR NOW IS JANUARY THROUGH DECEMBER. WE HAD ABOUT A 16% INCREASE YEAR OVER YEAR IN TOTAL CLIENTS COMPARED TO OBVIOUSLY, 2024. SO THAT THAT'S A GREAT TREND. THERE'S A LITTLE, YOU KNOW, BAD NEWS WITH THAT. WHILE WE HAD JUST AS MANY, IN FACT, MORE PEOPLE QUALIFY FOR CAPITALIZATION IN 2025 WHEN COMPARED TO 2024, THE ACTUAL DOLLAR AMOUNT WAS ABOUT 38% LESS THAN IT WAS IN 24. SO STILL IS. I'VE TALKED ABOUT VIRTUALLY EVERY MEETING THIS THIS YEAR. GETTING CAPITALIZATION RIGHT NOW IS REALLY TOUGH, IN PARTICULAR FOR STARTUPS, BUT NOT EXCLUSIVELY FOR JUST THEM. SO IT'S BEEN A GRIND. BUT WE'RE THE THE NUMBER OF CLIENTS COMING IN CONTINUES TO INCREASE, SO WE'RE PRETTY HAPPY WITH THAT. OVERALL, OVER THE LAST QUARTER, WE HAD 16 NEW BUSINESSES GET ESTABLISHED. SOME OF THE ONES I WANTED TO POINT OUT IN TERMS OF INDUSTRIES, WE HAD A PEDIATRICIAN'S OFFICE. I THINK THOSE ARE ALWAYS GOOD TO SEE. ANY KIND OF MEDICAL DOCTOR. ANYTHING LIKE THAT IS GOOD FOR THE ECONOMY AND GOOD FOR THE FOLKS HERE. WE ALSO HAD AN ICE CREAM SHOP. I'M PARTICULARLY HAPPY WITH THAT ONE, SO I'M PLEASED ABOUT THAT. AN ENGINEERING FIRM, THIS ONE IS A PETROLEUM ENGINEERING FIRM IN PARTICULAR. SO THEY WERE ABLE TO GET STARTED AND THEN A WASTE MANAGEMENT COMPANY AS WELL AS A FOOD TRUCK. THE FOOD TRUCK IS INTERESTING FOR ME, INSOMUCH AS THAT THE PLAN IS FOR THEM TO OPEN A BRICK AND MORTAR RESTAURANT, BUT MAINTAIN THE FOOD TRUCK GOING FORWARD AS A WAY TO TEST NEW MENU ITEMS, AND TO ALSO USE IT FOR CATERING. SO YEAH, IT'S A FOOD TRUCK RIGHT NOW, BUT WITHIN THE NEXT FEW MONTHS, THE PLAN IS FOR IT TO BE A LOT MORE THAN THAT. I LIKE THE CONCEPT OF BEING ABLE TO TEST CERTAIN THINGS IN A FOOD TRUCK ENVIRONMENT BEFORE BRINGING THEM INTO THE TO THE NICER RESTAURANT SITUATION. SO I THINK THAT'S THAT'S AN INTERESTING CONCEPT. CAPITALIZATION WE HAD. EXCUSE ME, SEVERAL COMPANIES GET CAPITALIZED. THE THE BIGGEST ONES WERE THE MACHINE SHOP. WE HAD A HELICOPTER FLIGHT SERVICE WAS ABLE TO PURCHASE A FEW MORE HELICOPTERS. THAT'S GREAT. IT WAS. THERE'S A MENTAL HEALTH OFFICE. BASICALLY, IT'S A GROUP OF COUNSELORS THAT HAVE MOVED INTO THE AREA AND THEN A GYM. SO ALL THOSE AGAIN, YOU KNOW, IT'S A MIXTURE OF THE TYPE OF JOBS YOU'RE LOOKING AT. BUT I THINK THAT'S ALWAYS A GOOD SIGN IN TERMS OF JOBS. THE WE HAD A NICE BUMP OF 41 FOR THE QUARTER. THE BIGGEST BUMPS CAME FROM A MEAT MARKET, WHICH WAS OUTSTANDING. A COUPLE OF RESTAURANTS, THEY ADDED THEIR WAIT STAFF AND THINGS LIKE THAT, A FUEL DISTRIBUTION COMPANY AND THEN A BOTTLED WATER SALES AND SERVICE COMPANY. THAT ONE'S INTERESTING FOR ME ANYWAY. AND AGAIN, IN THE SHORT TERM, YOU'RE LOOKING PRIMARILY AT DRIVERS AND SALES FOLKS AND THINGS LIKE THAT. BUT LONG TERM, AS THEY CONTINUE TO EXPAND THROUGHOUT THE REGION, IT COULD BE A LOT MORE THAN THAT. SO WE'RE PRETTY HAPPY WITH THAT.

WE DID FIVE WORKSHOPS IN THE LAST QUARTER, 139 ATTENDEES, SO ABOUT 27 PEOPLE PER WORKSHOP.

THAT VARIED FROM 54 TO 9. SO IT'S HARD TO READ A LOT INTO THE AVERAGE, BUT BUT I DO LIKE TO KEEP TRACK OF IT. THE WORKSHOPS WERE BUSINESS PLAN FINANCIAL FORECASTING GROW WITH GOOGLE, QUICKBOOKS AND HOW TO START A BUSINESS. THE BEST ATTENDED WAS THE FINANCIAL FORECASTING, BELIEVE IT OR NOT, AND QUICKBOOKS. SO EVERYBODY WAS IN THEIR IN THEIR FINANCES

[00:30:05]

AND THEN IN MARCH, WE WILL START OUR THIRD YEAR WITH OUR PARTNERSHIP WITH FROST BANK.

AND THEY WILL DO ABOUT THREE WORKSHOPS IN MARCH AND THEN ANOTHER TWO IN APRIL. SO WE'RE LOOKING FORWARD TO THAT. THAT'S A GREAT PARTNERSHIP WE'VE HAD FOR SOME TIME NOW, AND THEY DO A GREAT JOB WITH THOSE WORKSHOPS AND THEY'RE WELL ATTENDED IN. THE FOOD'S REALLY GOOD, SO THAT'S GOOD TO. OKAY. THAT'S ALL I'VE GOT. IF YOU HAVE ANY QUESTIONS. YES MA'AM.

YEAH. TYLER, WOULD YOU EXPLAIN AGAIN ON THE CAPITALIZATION. IS THAT A NUMBER THAT REPRESENTS NEW SBA LOANS OR WHAT WHAT COULD BE A LOAN OF ANY KIND? IT DOESN'T HAVE TO BE SBA. IN FACT, THIS LAST QUARTER MOST OF THOSE WERE NON SBA BECAUSE SBA WAS SHUT DOWN OKAY. SO THERE WAS NOTHING GETTING APPROVED AT THAT POINT OKAY. SO IT COULD BE CONVENTIONAL LOAN. IT COULD BE AN INVESTOR OKAY. BUT BUT ANY KIND OF LOAN OR INVESTMENT, WHETHER IT'S IN MARKET OR OUT OF MARKET COUNTS THERE OKAY. WE DO HAVE WE HAD SOME LENDERS WHO OUT OF FLORIDA, BELIEVE IT OR NOT, WHO WROTE WHO DID SOME LOANS DURING THAT QUARTER. AND THAT WAS PRIMARILY BECAUSE THEY THEY, FOR WHATEVER REASON, WANTED TO BE IN THE OIL AND GAS BUSINESS SUDDENLY. AND THAT HAPPENS FROM TIME TO TIME. SO WHAT'S THE DIFFERENCE IN THE LINE THAT SAYS CAPITALIZATION? AND THEN IN THE GREEN THAT SAYS ODESSA CAPITALIZATION. SO THE CAPITALIZATION TOTAL IS FOR OUR ENTIRE REGION. THAT'S WHAT OUR THE UTPB MARKET, WHICH INCLUDES ABOUT 16 COUNTIES. OKAY. BUT OF THAT WE BREAK OUT ODESSA SPECIFICALLY, JUST BECAUSE I ASSUME THAT'S WHERE THE MAJOR INTEREST WOULD BE. OKAY. SO THAT'S THAT'S NOT SOMETHING THAT'S TRACKED ANYWHERE ELSE EXCEPT BY US. OKAY. SO THANK YOU. OKAY. ANY OTHER QUESTIONS? ANY OTHER QUESTIONS. THANK YOU.

THANK YOU VERY MUCH. THANK YOU. BOTRAN. MR. CHAIRMAN, IT'S KIND OF LIKE DEJA VU, ISN'T IT? I THINK SO IT'S GREAT TO HAVE YOU BACK. THANKS. YOU'VE GOT MY REPORT BEING PASSED AROUND BECAUSE UNFORTUNATELY, IN THE HOLIDAY MALAISE, I MISSED A DEADLINE. SORRY, TINA. SORRY TO ALL OF YOU. I WON'T HAPPEN AGAIN. BUT ANYWAY, YOU'VE GOT IT THERE. JUST REAL BRIEFLY.

YESTERDAY, WE DID HAVE OUR RECEPTION FOR OUR NEW DISTRICT ENGINEER, SAUL ROMERO. PRETTY EXCITED ABOUT THAT. SAUL SPENT HIS ENTIRE CAREER HERE IN THE ODESSA DISTRICT. HE ACTUALLY IS FROM OUT HERE. AND HE WENT TO TEXAS TECH, CAME BACK HERE INTERNED IN THE ODESSA DISTRICT DURING THEIR SUMMER INTERN PROGRAM, AND THEN CAME BACK TO THE DISTRICT IMMEDIATELY AFTER HE GRADUATED FROM TEXAS TECH. AND HE'S BEEN HERE EVER SINCE. THIS IS A DISTRICT ENGINEER WHO IS VERY YOUNG. HE STARTED WITH THE DEPARTMENT FULL TIME IN 2015 OR NO 2013. SORRY. AND I WILL TELL YOU, I'M PRETTY EXCITED. WE'VE BEEN THROUGH A LOT OF DISTRICT ENGINEERS, AND THIS IS PROBABLY THE FIRST TIME SINCE MARSHALL HUFFMAN THAT WE HAD SOMEBODY WHO IS FROM OUT HERE WHO'S REALLY CONNECTED, HAS A VETERAN OR VESTED INTEREST, CALLS THIS AREA HOME, AND ALSO HAS THE ABILITY TO HAVE A LOT OF LONGEVITY IN THIS POSITION. ONE OF THE THINGS THAT'S HURT US A LOT OVER THE YEARS IS CONSTANT TURNOVER AND CHANGE. WHERE WE HAVE ONE FOR 3 OR 4 YEARS, YOU HAVE ANOTHER ONE FOR TWO YEARS, ANOTHER ONE FOR FIVE YEARS MAKES IT REALLY DIFFICULT. SO I THINK THIS IS IS A VERY POSITIVE THING. THAT BEING SAID, THE DIRECTOR OF TPD OR TRANSPORTATION PLANNING AND DEVELOPMENT WORKS ON ALL THE PROGRAMS THAT YOU'RE LEVERAGING AND WE'RE WORKING WITH IS ALSO RETIRING AT THE END OF THIS MONTH, BUT I THINK THEY'RE ALREADY INTERVIEWING FOR THAT REPLACEMENT AND AGAIN, BE A VERY YOUNG PERSON. SO I THINK WHILE THERE WILL BE SOME HICCUPS IN IT, I THINK IN THE LONG TERM THIS IS A REALLY GOOD THING. WE DID HAVE THE CHANCE WITH COUNCILMAN STOKER TO KIND OF UPDATE HIM A LITTLE BIT ABOUT YOUR ODYSSEY LEVERAGING PROGRAM AND THE THINGS THAT HAVE BEEN GOING ON THERE. HE WAS AWARE OF IT FROM BEING IN THE DEPARTMENT, BUT I DON'T THINK REALLY UNDERSTOOD ALL THE BACKGROUND AND REALLY THE IMPETUS BEHIND THAT. SO THAT WAS HELPFUL FOR HIM AT OUR ANNUAL MEETING BACK IN DECEMBER. WE DID HAVE A LOT ABOUT DATA CENTERS THERE ON THAT, AND

[00:35:06]

AND I THINK WE REPORTED BACK TO YOU PREVIOUSLY ABOUT KODIAK LOCATING THEIR MAINTENANCE FACILITY OUT HERE IN ODESSA. SO YOU DON'T HAVE TO WORRY ABOUT KIA. YOU CAN JUST GO TO AUTOMATE OR SELF-DRIVING TRUCK AND DO THAT INSTEAD. BUT SINCE THEN, AURORA, WHICH IS THE OTHER PRIMARY TRUCKING COMPANY THAT'S RUNNING AUTONOMOUS TRUCKS, HAS ALSO SIGNED A DEAL WITH DETMER TRUCKING, AND THEY'RE ABOUT TO EXPAND THEIR OPERATIONS IN THIS AREA AS WELL.

SO IF YOU'RE WORRIED ABOUT ROBOTS DRIVING TRUCKS DOWN THE ROAD, THAT'S PROBABLY NOT GREAT NEWS FOR YOU. BUT ON THE TECHNOLOGY FRONT AND SHORTAGES OF DRIVERS, THERE'S SOME POSITIVES THERE TOO. SO THAT'S ANOTHER GOOD THING THERE. WITH THAT BEING SAID, I'LL WRAP MINE UP UNLESS YOU HAVE ANY QUESTIONS. QUESTION TWO. THANK YOU, THANK YOU, THANK YOU.

KAYLEE. IT'S SHOWTIME. DO WHAT YOU GET KAYLA. OKAY, THE OTHER K. GOOD AFTERNOON. THANKS FOR BEING HERE. DID YOU GET EMAILED OUT THE FINANCIALS. WANTED TO MAKE SURE YOU HAD IT. GREAT. I SENT THESE OUT TUESDAY. IF YOU'RE NOT GETTING MY NOTE, MR. REGIMEN, YOU'RE NOT GETTING YOURS. SO I NEED TO GET A BETTER EMAIL FOR YOU. I GET YOURS KICKED BACK EVERY TIME.

IF YOU'RE NOT GETTING THEM, PLEASE LET ME KNOW. THIS ONE I KNOW OF. THERE WAS NOTHING REALLY OUT OF ORDINARY ON HERE, SO I'LL JUST KIND OF RUN THROUGH IT. IF YOU HAVE ANY QUESTIONS, PLEASE STOP ME. I PROVIDE YOU AN EXECUTIVE SUMMARY TO KIND OF MAKE IT QUICKER AND MORE CLEAN, BUT DON'T HESITATE TO STOP ME. THE GOOD NEWS IS OUR ASSETS WERE UP 1.6 MILLION. THIS IS MAINLY JUST FROM THE REVENUE THAT WE RECEIVED FROM SALES TAX. OUR RESERVES DID GO UP BY 2 MILLION BECAUSE THE UTPB AGREEMENT, WE EXPECTED THAT ON OUR STATEMENT OF REVENUES AND EXPENDITURES. THE BIG THING TO NOTE HERE IS THERE WERE NO PAYOUTS THROUGH THE BUSINESS INCENTIVES OR CAPITAL INFRASTRUCTURE THIS LAST MONTH. HOWEVER, WE DO HAVE SOME SCHEDULED IN DECEMBER. SO THOSE ARE THERE ARE SOME IN THE WORKS THERE. YOU WILL NOTICE THAT WE ARE AT 17% OF THE YEAR. OUR SALES TAX IS ONLY AT 16%. I KIND OF WENT HISTORICALLY AND LOOKED AT IT. IT'S JUST NOTHING TO BE CONCERNED ABOUT AS FAR AS HISTORICAL NUMBERS. IT WILL MOST LIKELY TAKE A BIG JUMP WHEN WE LOOK AT DECEMBER, BUT OVERALL WE'RE STILL AT 18% OF REVENUE, SO WE'RE DOING PRETTY GOOD THERE. OUR EXPENDITURES FOR OPERATING EXPENSES ARE RIGHT ON TRACK AT 18%. AND AGAIN, WE'RE A LITTLE BIT LOWER THAN EXPECTED ON THE CAPITAL INFRASTRUCTURE AND THINGS. BUT THAT IS NORMAL FOR THOSE KIND OF BIG PAYOUT PROJECTS. THE GOOD THING TO LOOK AT IS OUR FUND BALANCE. SUMMARY. SO SINCE WE'RE GOVERNMENTAL, AS I SAID LAST TIME, I'D LIKE TO SHOW YOU ALL THE CHANGE IN FUND BALANCE, BECAUSE THAT KIND OF TIES BACK TO BUSINESSES EQUITY, RIGHT? THAT'S THE BEST WAY TO LOOK AT IT. SO AT THE VERY YOU WILL SEE THAT FOR THE MONTH OF NOVEMBER, ACTUALS, WHEN YOU'RE LOOKING AT ACTUALS, OUR FUND BALANCE DID INCREASE BY 2.3 MILLION. NOW PLEASE KEEP IN MIND THAT'S ACTUAL. SO THAT TAKES YOUR REVENUE INTO ACCOUNT. AND I DON'T HAVE THE EXPENDITURES ANALYZED ANNUALIZED AT THAT POINT. BUT IF YOU LOOK DOWN TOWARDS THE BOTTOM, YOU'LL SEE THAT THE ESTIMATED ENDING AVAILABLE FUND BALANCE IS 15.1 MILLION. THAT TAKES ENCUMBERED EXPENSES AND ACTUAL EXPENSES.

BUT JUST SO I CAN TIE IT BACK TO WHAT WE ANTICIPATED OUR ENDING FUND BALANCE TO BE AT THE END OF THE YEAR, I ANNUALIZE THE REVENUE BASED OFF OF BUDGET, AND THAT WOULD PUT US AT 29 MILLION AT THE END OF THIS FISCAL YEAR, WHICH IS 2 MILLION LESS THAN WHAT WE

[00:40:07]

THERE'S A FEW MORE FACTORS IN PLAY, BUT THOSE ARE THE SIGNIFICANT THINGS. NOT A LOT TO SEE ON THE RESERVES. THAT'S WHAT YOU EXPECTED. THE UTPB GETTING ADDED AND WE DO HAVE PAYOUT SCHEDULED TO THEM. SO YOU'LL ALSO SEE THAT REFLECT I THINK THEY'VE THEY'VE ALREADY BEEN PAID. YOU'LL SEE THEM IN DECEMBER. ON THE INVESTMENT SUMMARY. YOU'LL BE HAPPY TO KNOW THAT I'VE STARTED MONTHLY DOING THAT RECONCILIATION OF THE CASH POOL. YOU WILL SEE THAT NEXT. OF COURSE, IT'S ALWAYS GOING TO BE IN ARREARS BY ONE MONTH BECAUSE WE HAVE TO DO CASH ON ACTUAL BASIS. I CAN'T ACCRUE THAT. SO WE'LL ALWAYS BE IN ARREARS ONE ONE AND A HALF MONTHS DEPENDING ON HOW IT COMES OUT. BUT THAT IS COMPLETELY 100% CAUGHT UP IN DECEMBER EXCEPT FOR THE MONTH WILL BE IN ARREARS. SO YOU'LL SEE THAT NEXT. I PROMISE YOU'LL SEE IT. IT'S I CHECKED THE ENTRIES MYSELF AND THOSE ARE DONE ON ACTUAL BASIS, SO THAT'S WHY I CAN'T REFLECT THEM HERE. EXACTLY. ON I DIDN'T WANT IT TO MATCH BACK TO MY TRIAL BALANCE.

WE DID DO THE INVESTMENT COMMITTEE DID APPROVE. IT WAS $10 MILLION. AND I'VE GIVEN YOU ALL A COPY OF THAT TODAY. AND NEW INVESTMENTS, THOSE WENT INTO PLACE IN DECEMBER. SO NEXT MONTH YOU'LL ALSO SEE THOSE ON OUR INVESTMENT SCHEDULE. BUT I DID GIVE YOU ALL A COPY OF THAT.

SO YOU KNOW EXACTLY HOW THEY GOT INVESTED, HOW THEY CAME OUT OF TAXABLE MONEY BASICALLY. YES, SIR. THAT'S PRETTY MUCH IT. I DIDN'T MEAN TO GO BY IT TOO QUICKLY, BUT I DIDN'T WANT TO WASTE YOUR TIME. BUT IF YOU HAVE ANY QUESTIONS, I'M HAPPY TO ANSWER THEM. THANK YOU FOR ATTACHING THE EXECUTIVE SUMMARY. YES, MA'AM. WELL, IT HELPS ME TO. MAKES ME LOOK AT IT A LITTLE BETTER, A BIT CLOSER. IT SURE DOES. ANY QUESTIONS OR COMMENTS? I ALWAYS LIKE TO HEAR THEM FOR MISS DEAN. SHE'S ALWAYS GOT GOOD ONES. I LIKE TO HEAR THEM. SHE CHALLENGES ME, I LIKE IT. IF NOT, I'LL ENTERTAIN A MOTION TO ACCEPT THE FINANCIAL REPORT. SO MOVED.

THANK YOU. I APPRECIATE YOUR TIME. MOTION IS SECOND. ALL IN FAVOR, SIGNIFY BY SAYING AYE.

AYE. ANY OPPOSED? SAME SIGN. IT PASSES. THANK YOU. OKAY. ON A COMMITTEE REPORTS I THINK

[8. ODC Committee and Officer reports]

DO WE MEET? WE HAVEN'T MET, BUT WE HAVE A MEETING THIS MONTH. THAT'S RIGHT. OKAY. THOMAS, DID Y'ALL DO AN INVESTMENT REVIEW NOW? THEY. WE SPENT A MONTH OR SO, BUT WE GOT WE GOT DONE WHAT WE WANTED. WE GOT $10 MILLION OUT IN THE MARKET. SO LOCKED IN FOR ALMOST A YEAR. LOOKS LIKE.

SO OKAY. THAT'S GREAT. INDUSTRIAL WATER TASK FORCE PEGGY. I VISITED WITH HER. I THINK WE'VE GOT OTHER COMMITTEE MEMBERS ON THERE THAT ARE OUT OF TOWN THAT YOU HAVE TO WAIT TO GET THAT BACK. EVERYBODY WOULD HARASS YOU ON THAT ONE AS WELL. ANY OTHER QUESTIONS ON

[9. Upcoming dates for future ODC Board meetings]

[00:45:04]

SO MOVED A MOTION. SECOND. ALL IN FAVOR SIGNIFY BY SAYING AYE. AYE.

* This transcript was compiled from uncorrected Closed Captioning.