Apr 09, 2026 Odessa Development Corporation

[1. Call to Order]

[00:00:07]

THIS MEETING IS START THIS MEETING AT 3:00. CALL TO ORDER. LET'S START IT WITH AN INVOCATION. JEFFERSON, IF YOU'D LEAD US IN THAT, PLEASE, PLEASE BOW YOUR HEADS. DEAR HEAVENLY FATHER, THANK YOU FOR THIS DAY. THANK YOU FOR THIS COMMITTEE AND THE MISSION YOU'VE LAID IN FRONT OF US. WE PRAY THAT YOU CONTINUE TO BLESS THIS COMMUNITY AND ALL THE PEOPLE THAT LIVE IN IT. WE PRAY FOR YOUR WISDOM ON THIS COMMITTEE AND ALL THE OPPORTUNITIES IN FRONT OF US. WE PRAY FOR UNDERSTANDING. WE PRAY FOR PATIENCE AND ALL THESE THINGS.

WE PRAY IN YOUR SWEET JESUS NAME. AMEN. AMEN. JOIN ME IN 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 INDIVISIBLE. HAVE A SEAT, PLEASE. THIS IS TIM. EGGMAN IS CALLING ME IN ORDER. I'M NOT TIM EGGMAN, I'M THOMAS BLACKSTONE. TIM IS STILL NOT HERE. OH, CAN I HEAR, YOU KNOW, CHECK IT OVER TO YOU. TIM'S NOT HERE TODAY, SO I GET THE CHAIR OF THE MEETING, SO I APOLOGIZE AHEAD OF TIME FOR ANYTHING THAT I SAY. FIRST ITEM OF BUSINESS, MINUTES FROM THE FEBRUARY MEETING. DOES ANYBODY HAVE ANY

[4. Consider Minutes of February 12, 2026]

[6. Contractors’ reports]

I WILL TELL YOU, THEY MAY OR MAY NOT BE IN TOWN TONIGHT OR ALL DAY TODAY, AND THEY MAY OR

[00:05:02]

THAT WAS PROBABLY THE ONE I WAS MOST INTERESTED IN SHARING WITH YOU FROM THE EXISTING PROJECTS.

AND THEN MOVING FORWARD, YOU SEE, WE HAVE A DOWNTOWN GRANT THAT'S GOING TO COME BEFORE YOU TODAY, LATER ON IN YOUR AGENDA, AND WE'LL GO OVER THAT MORE SPECIFICALLY AT THAT TIME, AND THEN A LIST OF SOME MEETINGS AND THINGS OF THAT NATURE. LIKE I SAID, SOME OF THIS, WE STILL HAVE SOME CLEANING UP TO DO ON IT. DID WANT TO HIGHLIGHT WE'VE GOT OUR ECONOMIC INDICATORS MOVING A COUPLE OF PAGES PAST THAT. THAT'LL SHOW YOU SOME OF THE LABOR NUMBERS AND THINGS OF THAT NATURE AND THEN WORKFORCE DEVELOPMENT. YOU CAN RUN THROUGH THAT AND SEE THAT. YOU SEE ONE OF THE SECOND ITEMS ON THAT APPRENTICESHIP SUMMIT PLANNING. AND I'LL PROBABLY HAVE MONICA UP AT A FUTURE MEETING TO DISCUSS THAT. SHE WORKED VERY HARD ON THAT.

MONICA SCHARNER FROM OUR OFFICE, AND THEY HAD A VERY BIG APPRENTICE APPRENTICESHIP SUMMIT OUT AT ODESSA COLLEGE TODAY. AND IT JUST WRAPPED UP AT 230. AND SHE'S I BELIEVE SHE'S ALREADY HERE BACK IN THE AUDIENCE. SO SHE'S RUN UP HERE. SHE'S SHE LOOKS A LITTLE TIRED, BUT THAT'S WHY. BUT SHE'S GOING TO GIVE YOU FURTHER DETAILS ON THAT AND HOW THAT WENT AT AN UPCOMING MEETING. AND WHEN YOU MOVE FURTHER DOWN, YOU'LL SEE SOME MORE WORKFORCE. BUT THEN AND I'M TRYING TO GO THROUGH QUICKLY BECAUSE I KNOW YOU HAVE A COUPLE OF BIG ITEMS TODAY, YOU'RE GOING TO HAVE A LOT OF DISCUSSION ON MOVING PAST THAT. YOU'LL GET TO OUR BUSINESS RETENTION AND EXPANSION ACTIVITY AND ALL THE VISITS ON THERE WITH SOME SOME BRIEF BULLET POINTS ON EACH VISIT. I JUST NOTICED WE DON'T HAVE PAID PAGE NUMBERS ON THE ON THE NEW REPORT, WHICH WE WILL HAVE THOSE NEXT TIME, BUT THAT'LL SHOW YOU THE ACTIVITIES. AND I WOULD LIKE TO HIGHLIGHT. WE HAVE A NEW BUSINESS RETENTION AND EXPANSION SPECIALIST AT THE OFFICE. WE HIRED HIM. I THINK THIS IS THIS WEEK FOR JORGE WEEK FOUR. SO STAND UP. JORGE GEORGE PAYING. SO HE'S ANOTHER PERSON. ANOTHER PERSON WE STOLE FROM UTPB. SO IF DOCTOR WHEATLEY COMES IN, I'LL PROBABLY HEAD OUT THE DOOR. BUT HE'S DOING A GREAT JOB. LIKE I SAID, HE'S BEEN THERE FOR WEEKS AND HAS ALREADY HIT THE ROAD OR HIT THE TRAIL RUNNING, AND WE'RE VERY EXCITED TO HAVE HIM. AND WITH THAT, I KNOW I SHOT THROUGH THESE VERY QUICKLY BECAUSE YOU GOT A NUMBER OF BIG ITEMS TO TALK ABOUT. IS THERE ANY QUESTIONS THAT I CAN ANSWER FOR YOU? ANY QUESTIONS FOR TOM? NO THANK YOU SIR. OKAY. THANK YOU. CHRIS, YOU GOT BLACK CHAMBER REPORT. THERE YOU ARE. THAT WAS QUICK. I USUALLY NUMBER THREE. WELL, CURRENT MEDIA IS NOT HERE, SO I ALWAYS I LEAVE THAT BANNER, SAY I'M NUMBER THREE. BUT ANYWAY, GOOD EVENING TO EVERYONE AND HOPE YOU HAD A BLESSED EASTER WEEKEND RESURRECTION WEEKEND.

WE'RE GOING TO KIND OF TOUCH BASE ON SOME STUFF. WE ARE. THE THING THAT WE'RE MOST PROUD OF IS FOR SOME REASON WE ARE. AND AND IT'S THE WORD HAS GOTTEN OUT. WE'VE BEEN CONTACTED BY SOME NEW INTERESTING BUSINESSES. AS A MATTER OF FACT, TOMORROW AT 2:00, ONE OF I HAVE A CONFERENCE WITH ONE THAT IS LOOKING FOR TO BECOME MOVING. THEY'RE MOVING A BUSINESS INTO ODESSA. SO SOMEHOW THE WORD GOT OUT. WE KIND OF KEPT SHAKING THE TREES AND STUFF STARTED TO DROP. SO OUR NUMBERS WERE OFF THE CHAIN LAST MONTH. LIKE THE KIDS LIKE TO SAY FOR FEBRUARY TO BE A SHORT MONTH, WE HAD A BUSY CONTACT MONTH, BUT MARCH IS KIND OF A DOWN MONTH AND WE'RE OUR CONTACTS WERE A LITTLE LOW, BUT OUR NUMBERS AS FAR AS OUR SOCIAL MEDIA STUFF WAS UP, WE'RE DOING, WE'RE STILL DOING OUR COUNSELING SESSIONS. WE'RE STILL STILL DOING OUR DUE DILIGENCE AS FAR AS, YOU KNOW, TEACHING OUR YOUNG ENTREPRENEURS ON HOW TO GO ABOUT THEIR BUSINESS, SENDING THEM TO THE SBDC, PARTNERING WITH UTPB AND ANYONE THAT WE CAN TO GIVE THEM SOME TYPE OF STRUCTURE. SO WE'RE WE'RE DOING THAT. WE'RE SEEING OUR NUMBERS COME UP, OUR MEMBERSHIP IS STARTING TO GROW. WE'RE STILL DOING OUR LITTLE STUFF. WE WILL HAVE A JOB FAIR MAY 16TH, AND THIS WILL BE OUR FIRST BECAUSE WE WERE CONTACTED TODAY BY ONE OF OUR MEMBERS IN MIDLAND, AND THEY ASKED US IF WE COULD HELP THEM FIND SOMEONE

[00:10:01]

MEDICAL CLINIC, BOOKKEEPING COMPANY, AN ANTIQUE SHOP, A BARBER SHOP, A LANDSCAPING COMPANY, A PROPERTY LEASING COMPANY, AN OIL AND GAS SERVICE COMPANIES. AND MY PERSONAL FAVORITE, AN ICE CREAM SHOP. SO A LITTLE BIT OF SOMETHING FOR EVERYBODY. PRETTY MUCH OUR CLIENTS CREATED 37.5 NEW FTES IN THE LAST THREE MONTHS. THEY SECURED ABOUT 1.96 MILLION IN CAPITALIZATION, AND ROUGHLY ABOUT A HALF OF THAT CAME FROM ODESSA CLIENTS. SO ABOUT $600,000 IN THE NEXT THREE MONTHS. WE GOT TEN MORE WORKSHOPS ON THE SCHEDULE. IN FACT, WE DID ONE OF THOSE TEN TODAY, BUT THEY INCLUDE FIVE OF THE CONOCOPHILLIPS WORKSHOPS.

WE'RE ABOUT TO START THE NEW COHORT FOR THAT AT THE END OF APRIL. THAT'LL GO THROUGH THE NEXT THREE MONTHS. WE'LL HAVE A FINANCIAL MANAGEMENT SESSION, A CASH FLOW SEMINAR FEATURING FROST BANK. ONCE AGAIN, ANOTHER QUICK BOOKS. THOSE ARE ALWAYS POPULAR. AND THEN YET THE FINAL FROST BANK WORKSHOP AS WELL. WE'RE GOING TO HOST OUR SBA AWARDS LUNCHEON ON MAY 5TH AT WAGNER NOEL IN THE RIA. GREAT HOUSE. Y'ALL SHOULD HAVE GOT YOUR INVITATIONS BY NOW. I HOPE AND HOPE A COUPLE OF YOU CAN MAKE IT. THAT WOULD BE GREAT. WE'RE GOING TO BE CELEBRATING NATIONAL SMALL BUSINESS WEEK AND FRANKLY, CELEBRATING WITH THREE WINNERS FROM THE SBA FROM OUR CLIENTS. NOW, I WANT TO BE CLEAR, IN THE PAST, MOST OF OUR WINNERS HAVE BEEN WINNERS OF BEST IN WHATEVER, WHATEVER GROUP IT WAS BEST VETERAN BUSINESS, BEST WOMAN OWNED BUSINESS. WE'RE FROM MIDLAND, ODESSA, PRIMARILY THIS YEAR. ALL THREE OF OUR WINNERS ARE WEST TEXAS WIDE WINNERS, ALL 71 COUNTIES. SO EVERYTHING FROM AMARILLO DOWN TO SAN ANGELO, BASICALLY NOT AS FAR AS EL PASO IN THE SBA WORLD. EL PASO IS NOT WEST TEXAS. BELIEVE IT OR NOT. IT IS ITS OWN DISTRICT. VERY CONFUSING. DON'T GET ME. DON'T GET ME STARTED. SO ANYWAY, SO WE'RE PRETTY PROUD OF THEM. THAT'S THAT'S GOING TO BE THE BEST VETERAN OWNED BUSINESS, WHICH IS ACTUALLY AN ODESSA COMPANY, WOMEN OWNED BUSINESS AND RURAL ENTREPRENEUR OF THE YEAR. IT'S GOING TO BE THE FIRST YEAR WE'VE HAD ONE OF THOSE, SO WE'RE PRETTY HAPPY WITH THAT. LET'S SEE. I HOPE AGAIN, I HOPE YOU CAN JOIN US, AS MANY OF YOU AS POSSIBLE.

HOPEFULLY IT'S GOING TO BE ON MAY 5TH. SO CINCO DE MAYO. SO YOU CAN KIND OF FIGURE OUT WHAT THE MENU MIGHT BE. CHANCES ARE ANYWAY, ANY QUESTIONS OF ME? YOU CAN GIVE US THE NAME OF THE ICE CREAM SHOP AS SOON AS I'M ABLE TO. I WILL ABSOLUTELY DO THAT. ANYTHING ELSE? ACTUALLY,

[00:15:01]

THERE IS A DEAL. Y'ALL NEED TO LOOK IN Y'ALL'S PACKAGE. THERE IS A STUDY DONE ON 42ND STREET.

THAT'S PRETTY INTERESTING, SO I HOPE. I WAS HOPING HE'D BE HERE TO TELL US WHO'S GOING TO FUND THAT. BUT IT'S IT LOOKS IT LOOKS LIKE THEY'VE DONE SOME RESEARCH ON THAT TRAFFIC. AND THERE'S A LOT OF STUFF THAT NEEDS TO BE CHANGED ANYWAY. IS KAYLA HERE? NO, THEY'RE AT A.

SO NOBODY'S HERE TO TALK ABOUT FINANCIALS. NO, THEY THEY CALLED ME AND THEY DID IN FACT PUT IN THE THE BUDGET THAT IS UNDER NUMBER. I DON'T KNOW. IT'S ON ONE OF THESE THAT IT'S ACTUALLY THIS THE OTC RESERVES FORECAST. THAT'S ALL THEY PROVIDED THIS TIME. THEY SAID THAT THEY WOULD HAVE. YEAH. IT'S THAT. YEAH. AND THEY SAID THEY THEY WOULD HAVE IT. YEAH.

IT'S IN HERE, BUT IT'S ALSO ON THESE SCREENS THAT HAVE OUR REGULAR FINANCIALS NEXT MONTH.

BUT THEY HAD SOME CONFERENCE THAT THEY BOTH WENT TO. OKAY. ALL RIGHT. YEAH. WE'LL PROBABLY DISCUSS THAT WHEN IT COMES TIME FOR CITY AND ASK FOR MONEY. OKAY. I GUESS ODESSA

[7. ODC Committee and Officer reports]

[8. Appoint members to the Compliance Committee]

APPOINTED. SO I LOVE YOU ALL TO APPOINT SOMEBODY. BUT THOMAS HAS DONE AN APPLICATION IS FILLED OUT FOR PEOPLE INTERESTED IN SUBMITTED TO NORMAN'S OFFICE. SO IF Y'ALL HAVE ANY NAMES THAT WOULD COME FROM HER. YEAH WE DON'T. SO WE NEED TO TABLE THAT ITEM BECAUSE WE DON'T HAVE ANYBODY TO TALK ABOUT. SO JUST TABLE IT. OKAY WITH THAT. DID YOU RECEIVE THAT? WAS IT YOUR ALIAS OR YOU? AS I SAID WAS IS YOUR ALIAS. I'LL DOUBLE CHECK THAT. AND IF I DO HAVE IT, I WILL FORWARD IT TO THE TABLE. IT'S NEXT MONTH, I GUESS. I KNOW, MELANIE, DO Y'ALL HOW MANY PEOPLE DO YOU NEED ADDED TO THE COMPLIANCE COMMITTEE? I BELIEVE THERE'S FOUR, RIGHT? REALLY? FOUR OF US. HOLD ON. SO DOES THE CITY COUNCIL MEMBERS NORMALLY NOMINATE THOSE PEOPLE OR DO WE NOMINATE THEM OR OTC BOARD NOMINEE, COULD YOU PLEASE COME TO THE PODIUM PLEASE? APOLOGIZE FOR THAT. THE CITY HAS AN APPLICATION THAT IF YOU ARE INTERESTED IN SERVING ON ONE OF THE CITY'S VARIOUS COMMITTEES, YOU CAN SUBMIT IT AND LET THEM KNOW WHAT YOU'RE WANTING TO SERVE ON. I KNOW MELANIE, WE HAVE A COPY OF THAT AT OUR OFFICE. AND WHEN SOMEBODY EXPRESSES EXPRESSES AN INTEREST IN IT, WE SEND IT OUT TO THEM.

MELANIE MENTIONED TO ME SHE'D LOVE TO CONTINUE SERVING OTC. SHE KNOWS SHE'S TERMED OFF OF THE BOARD. AND AND SO WHEN I FOUND OUT ABOUT THAT, I SENT HER AN APPLICATION AND SHE SENT IT BACK AND I GUESS MAYBE EMAIL DIDN'T DIDN'T COOPERATE THAT DAY, BUT WE'LL MAKE SURE THAT NORMAN GETS A COPY OF IT BECAUSE I HAVE SEEN THAT ACTUALLY, I THINK WE STILL HAVE A COPY OF THE THE ORIGINAL SHE SIGNED. AND THEN THERE'S A COUPLE OF NAMES THAT THAT WERE

[00:20:03]

SO WE CAN DECIDE ON THOSE PEOPLE. AS SOON AS I RECEIVE THE APPLICATIONS, I'LL BE HAPPY TO FORWARD IT TO THE ODC BOARD. OKAY. IS IT BECAUSE THEY'RE IN DIRE NEED OF SOME MORE MEMBERS? WE ALL WE'VE ALL WORKED WITH MELANIE. SHE'S BEEN ON COMPLIANCE BEFORE. SHE'S BEEN ON ODC AND SHE HAS SENT IN AN APPLICATION. WE JUST DON'T HAVE IT. SO WOULD THERE BE ANY ISSUE WITH US TO GO AHEAD AND AND NOMINATE HER AS ONE OF THOSE PEOPLE? I MEAN, WE DON'T HAVE TO WAIT TILL WE HAVE ALL FOUR. DO WE KNOW? SO I HEARD A MOTION FROM PEGGY PUT MELANIE HOLMAN ON THAT COMPLIANCE COMMITTEE SECOND. I'LL SECOND THAT. ANY OPPOSED? ALL IN FAVOR? AYE. SO WE GOT ONE, AND THEN YOU CAN GET ANOTHER COPY OF IT TO NORMA JUST SO WE HAVE IT. BUT WE ALL KNOW HER, SO. OKAY. THANK YOU, THANK YOU. SO KELLY'S NOT HERE TO DISCUSS WHO'S GOING TO

[9. Discuss and consider project compliance and payment request from Odessa College]

AND IT'S TIME IT WAS $5 MILLION, AND IT'S PAYABLE AT $1 MILLION A YEAR. AND IT'S TIME NOW TO PAY THAT FIRST PAYMENT. THE ISSUE IS THAT IN TERMS OF COMPLIANCE WITH THE AGREEMENT, THEY DIDN'T SPEND THE AS MUCH MONEY FOR CAPEX AS WHAT THEY HAD PLANNED TO. THERE'S A SCHEDULE IN HERE. I PRINTED MINE ON TWO SIDES, AND THAT'S A REAL MISTAKE. THERE'S A SCHEDULE THAT SHOWS WHAT THEY'VE SPENT. DO YOU GUYS SEE THAT? THERE'S THIS ONE. THE CONSTRUCTION. YES. OKAY. SO ON THAT THEY WERE THEY WERE REQUIRED TO SPEND 39,700,000.

THEY ACTUALLY SPENT 36,000,704 NINE 631 BUT THEY HAVE ADDED THE INTEREST IN THAT TO MAKE IT THE INTEREST THEY PAID ON THE MONEY TO MAKE IT COME TO THE TOTAL. WE'VE NEVER REALLY HAD THAT BEFORE ON, YOU KNOW, IF THE COST OF MONEY IS INCLUDED IN THE CAPEX, 3.4 MILLION, 3.4 MILLION. AND SO THE ISSUE IS EITHER THEY'RE A LITTLE BIT SHORT, THEY THEY'RE WAY OVER ON THE NUMBER OF STUDENTS THAT THEY WERE SUPPOSED TO HAVE. THE WHOLE ISSUE IS WHETHER OR NOT BOND INTEREST QUALIFIES AS CAPEX. YOU KNOW, THEY HAVE TO PROVE THEIR SPENDING AND BOND.

AND THE INTEREST HAS IS HASN'T BEEN CONSIDERED IN THAT. BUT IT NEEDS TO BE WE HAVE THE OPTION OF, OF AGREEING THAT THAT CAN BE PART OF THE CAPEX OR REDUCING THE AMOUNT ON A PRO RATA BASIS, BECAUSE THEY DIDN'T MAKE THE WHOLE THEY WERE OVER ON STUDENTS, BUT THEY WERE UNDER ON ACTUAL CAPEX, HARD COST. THAT'S THE ISSUE. AND THEY'RE READY TO IF WE DECIDE ON THIS TODAY, KAYLEE TOLD ME THAT THEY WOULD BE BACK TOMORROW AND THEY WOULD GO AHEAD AND CUT THE CHECK TOMORROW FOR ODESSA COLLEGE. IF WE HOWEVER, WE DECIDE TO GO ON THIS, THIS IS THE FIRST YEAR WE'RE PAYING THEM. YES, BUT IT WAS A DEAL WE DID BACK IN 2000, 2000. SO THEY'VE BEEN CARRYING THE INTEREST FOR THREE YEARS, I GUESS. SO FOUR YEARS. I MEAN, YOU KNOW, UNTIL COMPLETE BEFORE WE CAN THINGS HAD TO BE COMPLETED BEFORE WE STARTED TO PAY. SO. OKAY. MISS ACCOUNTANT CAN SINCE THAT INTEREST IS CARRIED, CAN THEY CAN YOU CAPITALIZE THAT ACCOUNTING WISE AS PART OF THE COST OF THE PROJECT? YES. THERE YOU GO. SO YOU CAN SO YOU CAN PUT SO THEY CAN THEY CAN PUT IT ON THEIR BOOKS AS THEY CAN CAPITALIZE THAT INTEREST. BECAUSE WHEN THE AUDIT COMES UP, THEY ACTUALLY, IF YOU REMEMBER, THEY ACTUALLY LOOK AT INVOICES AND SEE WHAT THE HARD COSTS WERE. THIS JUST HASN'T TO MY KNOWLEDGE, THIS HASN'T COME UP BEFORE. BETSY, DID THIS EVER COME UP WHEN YOU WERE. NO. OKAY. SO WE HAVE WE HAVE THE OPPORTUNITY TO DO WHATEVER WE WANT TO DO. I FEEL LIKE SINCE IT'S, YOU KNOW,

[00:25:03]

YEAH. IT'S THE FIRST YEAR OF THE MILLION DOLLAR CONTRACT. YES. YEAH. AND THEY DID TELL ME THAT I COULD TELL YOU ALL THAT YOU COULD GET A CHECK TOMORROW. SO ALL IN FAVOR OF THAT MOTION, I OPPOSED? OKAY. SO I GUESS THAT'S APPROVED. NEXT RESOLUTION CITY OF ODESSA.

[10. Discuss and consider a resolution approving a request from the City of Odessa for:]

LIKE I SAID, ONE OF THE HIGHEST PRIORITIES, ONE OF THE HIGHEST PRIORITIES, IF NOT THE HIGHEST PRIORITIES. IN ADDITION TO THAT, WE HAD AN EXECUTIVE SESSION A LITTLE BIT AGO, MAYBE ABOUT A MONTH AGO, WITH MORE DEVELOPERS FOR THE AREA OUT EAST OF TOWN, THAT AREA BETWEEN 1788 AND WHAT IS, I GUESS, THE MISSION COUNTRY CLUB, IF YOU WILL, FROM BANKHEAD HIGHWAY UP TO ONE ON ONE. THAT ENTIRE AREA RIGHT THERE. AND IT'S BECOMING PRETTY EVIDENT THAT THAT IS THE NEXT AREA OF SIGNIFICANT GROWTH IN OUR COMMUNITY ECONOMIC DEVELOPMENT AS WELL. SO THEY ASKED ME TO COME AND TALK ABOUT UTILIZING FUNDS FROM ODC BUDGET TO ASSIST WITH INFRASTRUCTURE PROJECTS. AND SO WE'VE IDENTIFIED FIVE MAJOR INFRASTRUCTURE PROJECTS FOR THIS YEAR. AND WE CAN KIND OF GO THROUGH THOSE IF YOU LIKE. YOU'RE GOING TO DO THOSE ALL THOSE THIS YEAR. THEY WOULD NOT BE ALL DONE THIS YEAR. BUT LOCKING AWAY THE FUNDS AND RESERVING THEM I THINK WOULD BE THE FIRST STEP. MANY OF THEM WOULD HAVE TO BE ENGINEERED, OBVIOUSLY. AND AND THEN, JOE, YOU CAN TALK ABOUT WHICH ONES, IF THERE ARE ANY GOING TO BE CONSTRUCTION THIS YEAR, BUT ACTUALLY IN YOUR PACKET. BY THE WAY, I WANT TO THANK STAFF. SO MUCH WORK WENT INTO THESE PRESENTATIONS, IF YOU WILL, TO TRY AND CREATE BASICALLY A SNAPSHOT OF WHAT WE'RE TALKING ABOUT. SO FOR INSTANCE, LET'S GO BACK. LET'S JUST START ONE LOOKS LIKE. YEAH. SO LET'S JUST KIND OF START RIGHT HERE. SO THIS IS THE INTERSECTION OF YUKON AND 191. THE GOAL HERE IS TO CONSTRUCT A. THE SIGNALIZED INTERSECTION. PEDESTALS ARE IN PLACE. ELECTRICAL IS IN PLACE. TEX DOT HAS DONE THEIR PART. THE ONLY THING THAT TEX DOT DID NOT DO WAS PUT IN THE SIGNALS. THAT'S A WONDERFUL QUESTION. I CAN NEVER SPEAK FOR TEX DOT.

I'LL NEVER UNDERSTAND A LOT OF THE RHYME OR REASON FOR THAT. MY. MY GUESS IS IT WAS NOT WARRANTED. SO TRAFFIC COUNTS PROBABLY WAS THE MAIN THING. SO THEY, THEY KNEW THAT ONE DAY IT WOULD PROBABLY BE WARRANTED, RIGHT? THEY KNEW THAT ONE DAY UCONN WOULD GO ALL THE WAY FROM WEST COUNTY ROAD DOWN TO THE LOOP, DOWN TO DOWN TO 191, AND THEN EVENTUALLY OUT TO 1788 AND CONNECT TO THE AIRPORT. SO I THINK EVENTUALLY THEY SAW THAT THAT ONE DAY IT WOULD BE WARRANTED. BUT FOR RIGHT NOW, MY GUESS IS THE TRAFFIC COUNT SIMPLY DOESN'T JUSTIFY IT. BUT IF. BUT WE KNOW THAT THERE'S ALWAYS A LAG, RIGHT? MY EXPERIENCE HAS BEEN THAT TEX DOT WILL TYPICALLY PUT IN A TRAFFIC LIGHT LONG AFTER IT'S WARRANTED, SO IT MEETS THE

[00:30:02]

FOUR WAY STOP RATHER THAN A SIGNALIZED INTERSECTION, JUST AS AN EXAMPLE, I THINK EVERYBODY THAT GOES OUT THERE NOW KNOWS THAT PROBABLY YOU SEE MORE AND MORE CARS THERE ABOUT EVERY MONTH AND THAT IN THAT AREA. SO THE NEED FOR IT IS, IS, IS DEFINITELY THERE. AND SO THAT'S THE $1 MILLION RIGHT THERE FOR THAT SIGNALIZED INTERSECTION. SO CAN I ASK YOU ONE QUESTION FOR CLARIFICATION? THIS LIST THAT YOU'RE GOING OVER WITH US NOW THAT IS A NEW LIST. AND DOES THAT REPLACE ALL OF THE REQUESTS THAT WE HAD WHEN WE WERE DOING OUR BUDGET THAT WE BUDGETED FOR? YES, MA'AM. SOME OF THEM ARE OVERLAPPING, THOUGH. THERE'S MORE THERE'S MORE ON THIS LIST THAN WHAT WE BUDGETED. CORRECT. ALMOST DOUBLE. THIS FALLS WITHIN REALLY? DOES THIS FALL WITHIN THE RESERVES THAT WE SET ASIDE FOR, YOU KNOW, THAT WE HAD AND NO, THERE'S NOT MORE ON HERE. THERE'S I MEAN, THERE'S, THERE'S NOT MORE. SO WE DID THE BUDGET. THE, THE ORIGINAL LIST WAS THE 15 MILLION FOR THE I 20 RELOCATION LOAN. THERE WAS 3 MILLION FOR THE 16TH STREET PROJECT. AND THEN THERE'S 5 MILLION FOR THE 52ND STREET PROJECT. SO THAT WAS IN THE ORIGINAL LIST. YES. THERE WAS 8,000,052ND WAS FOR AND EASTRIDGE WAS SIX AND BILLY HEXED WAS SIX. I JUST WANT TO BE SURE THAT THIS LIST REPLACES ANYTHING WE TALKED ABOUT BEFORE. I MEAN, WHEN YOU LOOK AT THIS. THIS THAT'S WHAT WE HAD TALKED ABOUT. I SEE UP UNDER. OKAY, SO LET'S, LET'S CALL THEM HEADINGS, IF YOU WILL, BEGINNING FUND BALANCE ONE HEADING EXPENDITURES ONE TWO RESTRICTED FUND BALANCE THREE RESERVE FUND BALANCES FOUR. WHEN I LOOK AT THAT FOURTH HEADING RESERVE FUND BALANCES, I SEE TEX DOT SUPPORT OF 16 MILLION IN THE ORIGINAL BUDGET. IS THAT RIGHT? YES. OKAY. THAT NEXT IS THE PARKING GARAGE. THESE DON'T. OKAY. THIS LIST DOESN'T APPEAR TO HAVE THESE THAT WE HAD TALKED ABOUT AND THAT EARLIER, THE ONES THAT WE WERE JUST NAMING OFF, AND THOSE WERE THINGS THAT HAD BEEN PRE-QUALIFIED TO USE OUR MONEY ON. THEY WEREN'T RESIDENTIAL AND THEY QUALIFIED FOR USING OUR FENCE. I JUST WANTED TO BE SURE THAT WE'RE NOT COMMITTING TO THIS 29 MILLION PLUS ANOTHER HUGE AMOUNT, 15 MILLION. WELL, LET ME ASK YOU THIS. WOULD THAT BE A PROBLEM, THOUGH, IF, WELL, THERE'S ONLY SO MUCH MONEY THAT. CORRECT. I KNOW, AND LET'S FOLLOW THE LET'S FOLLOW THIS. IT WOULD BE A PROBLEM BECAUSE WE HAD PUT IN INTO OUR BUDGET THAT WE WOULD NOT SPEND MORE THAN 50% OF OUR SALES TAX MONEY A YEAR ON CITY PROJECTS. SO THAT'S $7 MILLION A YEAR, ROUGHLY ABOUT SEVEN. THE QUESTION IS, WHAT DO WE DO WITH THE EXISTING FUND BALANCE, THOUGH? WHAT DO WE DO WITH THE EXISTING FUND BALANCE, THE EXISTING REMAINING UNRESTRICTED FUND BALANCE, WHICH CURRENTLY RIGHT NOW IS ABOUT $100 MILLION, IS THAT RIGHT? NO, NO, 92,000,002 4191 NO, NO NO NO. OUR OUR C PART OF IT IS HOW WE'RE BEING TOLD IT HAS TO BE ACCOUNTED FOR. OUR ACCOUNTING. YOURS ACCOUNTANTS ARE SAYING WE CAN'T PUT THAT AS RESERVED, EVEN THOUGH WE'VE ALREADY COMMITTED THOSE DOLLARS DOWN THE LINE TO ODESSA COLLEGE. UTPB, BECAUSE WE CAN'T PUT ALL THAT THAT WE'VE WE'VE COMMITTED THE FUNDS, BUT THEY WON'T LET US PUT THEM IN RESERVE BECAUSE THEY'RE REALLY NOT COMMITTED UNTIL THE CONTRACT IS MATCHED. SO SO THERE'S SOME MONEY THAT'S IN UNRESTRICTED THAT'S REALLY, IN MY MIND IS RESTRICTED BECAUSE WE'VE ALREADY COMMITTED THAT MONEY TO X, Y, AND Z. WELL, WHEN YOU LOOK AT OUR MONTHLY FINANCIAL STATEMENTS, I THINK THAT WAS I GAVE YOU A COPY, BETSY. I DIDN'T BRING ONE. IT'S LIKE 29 MILLION, RIGHT? THAT IS REALLY UNRESTRICTED. NOW THAT

[00:35:06]

SO WHAT I'VE BEEN ASKED TO DO IS TO ASK FOR PROJECTS TO DRAW THAT DOWN. SO TO, TO ROUGHLY WHAT IS 20, 25 MILLION SOMEWHERE IN THERE. THAT WAS ONE REASON I WAS ASKING YOU ON THESE LIST OF THE TOP FIVE, WHEN ARE YOU GOING TO START? BECAUSE IF YOU SAY, WE WANT ALL MY MIND, IF YOU SAY WE WANT ALL THIS 29 MILLION THIS YEAR, AND YOU'RE NOT GOING TO DO THE PROJECT TILL NEXT YEAR OR THE YEAR AFTER YOU'RE TYING UP, YOU'RE DOING THE SAME THING.

YOU'RE TYING UP MONEY WE CAN'T USE FOR SOMETHING ELSE. RIGHT? SO, SO THE TIMELINE ON, WELL, LET'S GO THROUGH THEM. SO FOR INSTANCE, I DID, I JUST WANTED TO CLARIFY IF THESE WERE NEW DOLLARS ADDITIONAL DOLLARS. YES, MA'AM. THESE WOULD BE NEW DOLLARS. OKAY. THESE, THESE FIVE PROJECTS ARE NEW DOLLARS. THE FIRST ONE IS, CAN YOU CLARIFY SOMETHING FOR ME? SURE.

THE 16TH, THE 5 MILLION. THAT'S NOT WHAT WE ALREADY COMMITTED LAST YEAR. IS THAT. THAT'S A TOTAL. YEAH. THE 16TH STREET I THOUGHT WE THAT'S THE 16TH STREET IS ONE THAT WE HAD.

THAT'S WHY I WAS TRYING TO FIGURE OUT IF THIS IS IN ADDITION TO OR INSTEAD OF. YEAH.

IS THIS A REVISED LIST, INCLUDING WHAT WAS ALREADY APPROVED AND ADDED TO. SO ON THE 16TH AND WHAT WAS THE OTHER ONE? THE 52ND. RIGHT. OKAY. WE CAN CERTAINLY GET BACK TO YOU ON THOSE TWO. I DON'T KNOW IF THAT WAS ADDITIONAL WORK OR OR A DIFFERENT PHASE OF THAT. THAT PROJECT IS ON, BUT WITHOUT A DOUBT, THE YUKON IS COMPLETELY NEW. YOU GUYS HAVE NEVER SEEN THAT. YEAH, WE HAD NEVER SEEN DORADO. DORADO. YOU'VE NEVER SEEN THOSE. SO. RIGHT. SO AND YOU'VE NEVER SEEN THIS, RIGHT. YOU'VE NEVER SEEN SORRY, THE FIRST ONE WE TALKED ABOUT, WHICH WAS THE INTERSECTION FOR THE. THAT'S NEW. ALL RIGHT. I KNOW WE HAVE BEEN ASKING. SO LET'S LET'S INTERSECTION. LET'S GO THROUGH THOSE THREE THEN. HOW ABOUT THAT. SO HERE THIS IS THE PROJECT WHERE WE'RE TALKING ABOUT NEEDING TO DO A, A SIGNALIZED INTERSECTION THAT'S CURRENTLY IN DESIGN PHASE, RIGHT? SO THAT'S 60% COMPLETION RIGHT NOW. LOOKS LIKE IT WOULD BE IN THE FALL, FALL OF 26. SO AND THEN OF COURSE, CONSTRUCTION AFTER THAT, ONCE IT BIDS IN THE FALL, THAT COULD BE COMPLETED PROBABLY WITHIN NINE MONTHS WHEN YOU. JOE. THAT MIGHT BE ABOUT RIGHT. NINE MONTHS FOR LEAD TIME ON ARMS. SO WHAT'S THAT? YEAH. SO ANYTIME. SO THE MINUTE YOU SAY GO ON AN INTERSECTION, THEY DON'T THESE THINGS AREN'T ON A SHELF. YOU KNOW, THEY ACTUALLY HAVE TO BASICALLY MANUFACTURE THOSE AND THINGS LIKE THAT AND THEN BRING THEM IN. SO, SO LET'S SAY IF WE BID THIS IN THE FALL OF 2026, THEN YOU'RE TALKING ABOUT NINE MONTHS AFTER THAT BEFORE, YOU KNOW, YOU HAVE CONSTRUCTION AND IT'S ON THE GROUND. WE WERE ACTUALLY APPROACHED BY THE MAYBE AN EXECUTIVE SESSION. YEAH, SIX MONTHS AGO. AND WHAT WE WERE TOLD WAS IT WAS JUST A, A STUPID MISTAKE. ALL THE INFRASTRUCTURE IS THERE AND EVERYTHING ELSE IS THERE. AND I THINK WE TALKED ABOUT IT BEFORE, WHETHER WE AGREED TO TO DO IT OR NOT, I THINK WE AGREED TO DO IT AT THAT TIME. AND I'M OPEN TO WHATEVER WE WANT TO DISCUSS AGAIN, BUT IT HAS BEEN BROUGHT BEFORE US BEFORE. IS THAT RIGHT? AND YES. AND IT WAS WHOEVER WAS RESPONSIBLE FOR THE DESIGN OR WHATEVER WAS TEXDOT IT WAS BEFORE YOU WERE HERE TOO. SO I'M NOT POINTING A FINGER. ANYBODY. THIS IS WHAT WE WERE TOLD. AND YOU SAID THE SAME THING. I THINK YOU SAID ALL THE ELECTRICITY AND INFRASTRUCTURE IS THERE. IT IS. BUT THERE ARE NO SIGNALS. THAT'S CORRECT. NO ARMS. SO. RIGHT. SO AND AGAIN, I DON'T KNOW THE DETAIL. I'M JUST SPEAKING OFF BASIC EXPERIENCE IN MY PAST. AND IT TYPICALLY DEALS WITH WARRANTS, YOU KNOW, WHICH MEANS JUSTIFICATION AS ALL THAT MEANS.

SO IN THE PAST, WHEN WE'VE DONE THESE CITY INFRASTRUCTURE DEALS, THE CITY PAY FOR IT AND THEN WE REFUND IT. OR DO WE DO WE PAY AS IT GOES? HOW DO HOW DOES IT HOW DOES IT GET FUNDED? I'M NOT SURE HOW IT WAS DONE IN THE PAST. WHAT I'M ASKING FOR WITH THIS PROJECT IS THAT THESE FUNDS BE APPROVED AND SET ASIDE SO THAT WE CAN BEGIN THE PROCESS OF, OF, OF, OF

[00:40:03]

CURRENTLY IN CITY FUND BALANCE. HOLD ON. I THINK OUR. ABOUT $100 MILLION IN FUND BALANCE, WHICH IS ROUGHLY EQUIVALENT TO ABOUT FOUR MONTHS OPERATING. SO THAT'S ABOUT THE SWEET SPOT OF WHERE WE NEED TO BE IN OUR FUND BALANCE FOR OUR GENERAL FUND, RIGHT? YOU WANT TO BE ANYWHERE BETWEEN 2 AND 6 MONTHS. SO WE'RE BASICALLY SITTING AT ABOUT FOUR MONTHS. SO THIS WOULD HAVE TO BE A PROJECT THAT WOULD COME BACK TO BE FUNDED ELSEWHERE. SO I GUESS OF THAT $29 MILLION THAT WE HAVE THAT IS UNRESTRICTED RIGHT NOW, PLUS THE 25 FOR LIKE A DATASITE OR SOMETHING, YOU KNOW, JUST TODAY ALONE, OTHER THAN YOU, WE'VE GOT 17, YOU KNOW, WE'VE GOT SOMETHING LIKE 17 MILLION IN REQUESTS. I MEAN, WE DON'T HAVE THE REQUEST FROM THE COUNTY IN WRITING, BUT WE HAVE THE REQUEST FOR THE PARKING GARAGE. AND THEN OZZY IS HERE WITH A BIG REQUEST. SO I GUESS YOUR INTENT OR THE CITY'S INTENT TO USE DOWN TO USE ALL OF OUR UNRESERVED. NOT ALL OF IT, MA'AM, BUT I'M SORRY. I THOUGHT THAT'S WHAT YOU SAID TO BRING IT TO BRING IT DOWN TO $25 MILLION, 20 OR 25 MILLION OR WHATEVER IT IS, WHICH IS OUR BIG PROJECT. I MEAN, IT'S EVERYTHING. IT'S THE AMOUNT THAT WE HAVE TO DEAL WITH.

EVERY, EVERY MEETING IS, YOU KNOW, AS NEW PROJECTS COME TO US. AND I GUESS THE CONCERN I HAVE ON THAT IS THAT THAT'S WHAT WE WERE WORRIED ABOUT HAPPENING AND WE DIDN'T WANT TO.

THAT'S WHY WE PUT THE THE LIMIT ON THE SEVEN AND A HALF ON THE WHAT SHOULD BE ABOUT $7.5 MILLION A YEAR. BUT IF WE HAVE TO RESTRICT IT AND WE DON'T HAVE TO PAY THIS WHOLE 29 MILLION, NOW, YOU KNOW, THAT'S A DIFFERENT STORY, YOU KNOW, BECAUSE AS WE DO OUR AS WE SPREAD IT OUT OVER THE YEARS. BUT I THINK IT WOULD BE HARD FOR US TO WRITE YOU TO TRANSFER $29 MILLION FROM US TO YOU. I MEAN, THAT SEEMS LIKE THAT'S REALLY NOT THE INTENT OF WHAT WE'RE SUPPOSED TO DO. WE'RE SUPPOSED TO BE, YOU KNOW, USING THESE FOR ECONOMIC DEVELOPMENT.

AND I WOULD ARGUE THAT THIS IS THE FOUNDATION OF ECONOMIC DEVELOPMENT. WELL, I AGREE WITH YOU TO A POINT, THESE DEALS ON YUKON AND DORADO AND THAT INTERSECTION AS ODESSA GROWS, THOSE GOT TO BE DONE. I THINK THAT THOSE THREE ARE DEFINITELY ECONOMIC DEVELOPMENT.

YOU'RE TALKING ABOUT REDOING GRANDVIEW OR REDOING 16TH, THOSE ARE STREETS THAT ARE ALREADY THERE. THEY ARE THERE, BUT THEY ARE IN NEED OF REBUILD. I KNOW, BUT THAT'S SOMETHING THE CITY HAS NORMALLY DONE OUT OF THEIR OWN MAINTENANCE EXPENSE, ISN'T IT? IT'S NOT, NOR I WOULD SAY PERHAPS, PERHAPS IN THE PAST THAT'S THE WAY IT'S BEEN DONE. IT DOESN'T HAVE TO BE THOUGH. AARON. I'M SORRY. GO AHEAD. I CUT YOU OFF. NO. YOU'RE FINE. I WOULD JUST SAY THAT THE MAINTENANCE OF THE THOROUGHFARE, THE REBUILDING, THE RECONSTRUCTION OF A THOROUGHFARE IS AS IMPORTANT AS A NEW THOROUGHFARE. THERE'S NO DOUBT THAT INFRASTRUCTURE IS.

[00:45:01]

BUT, YOU KNOW, I THINK THAT THE VOTERS, WHEN THEY VOTED THE SALES TAX IN THERE WAS A MISSION AND IT REALLY WASN'T THE INFRASTRUCTURE. BUT WE AGREE THAT IF WE'VE GOT THAT MONEY, WE SHOULD HELP DO THAT. THAT'S WHY WE PUT THAT 50% LIMIT ON. SO WE STILL HAD MONEY TO INCENTIVIZE BUSINESSES. THAT'S ALL. THAT'S ALL I'M SAYING. UNDERSTOOD. OPPOSED TO DOING THIS. TINA, WHAT WAS THE SHE'S BEHIND YOU, I THINK. OH, RIGHT. THERE ISN'T THAT HARD.

YES, YES. WOULD YOU COME UP TO THE FRONT, PLEASE? TINA? WHICH ONE DO YOU WANT? I DON'T CARE, THE ONE. THE ONE. WHAT WAS THE WHAT WAS THE TOPIC? MAYBE WE CAN GET THROUGH IT. TINA. THE THE ATTORNEY IS WHAT I WAS LOOKING FOR. IS SHE. SHE TOLD US YOU'RE BOTH ATTORNEYS, OKAY? SHE. TINA THAT WE SEE EVERY MONTH. OKAY. YOU. TINA. WELL, THERE WE GO. WHEN WE TALKED ABOUT THIS IN OUR BUDGETING PROCESS, THERE WERE SPECIFIC THINGS ABOUT THE ABOUT THE STREETS THAT WE HAD TO DO FOR IT TO BE TO COMPLY. YOU KNOW, IT COULDN'T BE RESIDENTIAL AND IT WAS CERTAIN SOMETHING ABOUT INTERSECTIONS. AND I'M SORRY, I DON'T REMEMBER, BUT IS WHAT THEY ARE PROPOSING OR REQUESTING HERE? IS THAT DOES THAT FALL UNDER PERMISSIBLE USES OF OTC FUNDS? I WOULD ACTUALLY HAVE TO CHECK WITH OUR WITH THE CITY ATTORNEY. HE COULD PROBABLY ANSWER THAT BETTER. OKAY. BECAUSE I KNOW YOU WENT INTO DETAIL ABOUT THINGS WE COULDN'T DO, BUT I PROMISE YOU, WE GOT HERE BECAUSE OF CONVERSATIONS THAT WE'VE HAD WITH WITH LEGAL. WE ARE HERE BECAUSE THESE ARE BONA FIDE THOROUGHFARES. THERE IS NO IFS OR BUTS. THAT IS A. THAT IS A SIGNALIZED INTERSECTION AT A MAIN THOROUGHFARE AND A MAIN STATE HIGHWAY. THAT IS THAT IS THAT FITS SQUARELY IN THE MISSION OR IN THE LAW AS IT RELATES TO THAT. WOULD I JUST THE TWO THAT LOOK LIKE THEY'RE IN RESIDENTIAL AREAS. I JUST I MEAN, UNDERSTOOD AND THAT'S KIND OF WHY WE'RE HERE. YOU KNOW, AT THE END OF THE DAY, I HAVE A DUTY TO ASK BECAUSE I WAS ASKED BY MY COUNSEL TO ASK. SO I'M HERE. BUT BEFORE YOU MOVE ON, HERE'S HERE'S KIND OF MY ISSUE WITH THIS IS THAT WE'VE IT SEEMS LIKE WE ARE CIRCLING THE WAGON ON THE SAME CONVERSATION THAT WE CONTINUE TO HAVE ABOUT OTC MONEY AND THE RESERVE MONEY. AND, YOU KNOW, WE HAD THAT BIG MEETING LAST FALL AT THE END OF THE FALL ABOUT THIS, BUT IT SEEMS LIKE THERE SEEMS TO BE AND THIS WAS BROUGHT UP IN THAT MEETING. IT SEEMS TO BE THERE'S EITHER A WITHOUT INSULTING ANYONE'S INTELLIGENCE, EITHER A MISUNDERSTANDING OF THE HOW ODC HAS BUDGETED THE MONEY, OR JUST A TOTAL DISREGARD FOR IT. AND IT APPEARS THAT THE REQUEST AS IT'S COMING TODAY AND THIS IS GAVIN'S POINT OF VIEW, IS THAT THE ODC IS BEING BEING LOOKED AT AS THE SLUSH FUND FOR THE CITY. OH, NO, NOT A SLUSH FUND.

OKAY. SO THAT'S THAT'S MY CONCERN BECAUSE WE'VE WE'VE HAD THIS CONVERSATION, IT SEEMS LIKE AT THIS POINT AD NAUSEUM, AND I'M NOT I THINK THESE PROJECTS NEED TO BE DONE, BUT I

[00:50:02]

YEAH. OKAY. AND SO AGAIN, I'M, I'M MOVING FORWARD WITH DUE DILIGENCE BASED ON THAT CONVERSATION. AND, YOU KNOW, AT THE END OF THE DAY, THESE ARE, THESE ARE, THESE ARE TAX DOLLARS FROM THE CITIZENS OF ODESSA FOR THE CITIZENS OF ODESSA, RIGHT? THESE THESE PROJECTS WILL HELP AGAIN BUILD A FOUNDATION FOR ECONOMIC PROSPERITY IN OUR COMMUNITY WITHOUT WITHOUT INFRASTRUCTURE. AGAIN, THAT'S THE FOUNDATION. WITHOUT IT, FOLKS CAN'T BUILD A BETTER LIVES FOR THEMSELVES. MY SECOND CONCERN CRITICAL. WHAT PEGGY HAS RAISED IS WHETHER THIS FALLS WITHIN THE SCOPE OF WHAT WE DO AND WHAT WE'RE ABLE TO DO. AND SO GETTING SOME CLARITY FOR ME, I COULDN'T I THINK THEY'RE NECESSARY, BUT I COULDN'T AGREE ON IT WITHOUT KNOWING THAT WHETHER THEY FALL WITHIN THE SCOPE AND I'M JUST JUST IN FULL, FULL DISCLOSURE, I BELIEVE THEY DO. I'VE HAD THAT CONVERSATION WITH OUR CITY ATTORNEY ABOUT THIS AND A PRIOR CITY ATTORNEY ABOUT THIS WITH MR. STRUCTURE. EVEN BEFORE MR. PARKER CAME HERE, THIS BOARD.

AND THEN, YOU KNOW, THE CITY OF ODESSA, YOU FIND A LEGISLATIVE FINDING THAT THIS DOES IN FACT, PROMOTE BUSINESS AND INDUSTRY AND THE LOCAL ECONOMY AND ECONOMIC DEVELOPMENT. IT MEETS THE LETTER OF THE LAW. NOW, IF I NEED TO GET THE CITY ATTORNEY TO COME TALK TO YOU ABOUT THAT, THEN THAT'S FINE. BUT AND IN MY OPINION, IT MEETS IT. YOU KNOW, THESE DOLLARS ARE ARE USED THROUGHOUT TAIPEI. DOLLARS ARE USED ALL OVER THE STATE FOR PROJECTS. SO I THINK, YOU KNOW, IT'S JUST I'M SURE YOU'VE DONE YOUR DUE DILIGENCE. I JUST WE'VE GOT ONE, TWO, THREE, FOUR NEW BOARD MEMBERS. AND YOU KNOW, I THINK THAT TYPICALLY IF WE WERE GOING TO DO THIS AND IT'S SOMETHING DIFFERENT, WE WOULD HAVE JEFF MOORE. WE WOULD JUST HAVE HIM BLESS IT AND SAY, YES, YOU CAN DO THIS. I WASN'T ASKING YOU IN THINKING THAT YOU'RE TRYING TO PULL ONE OVER ON US. OH NO. THAT'S JUST SOMETHING THAT, YOU KNOW, I THINK WE WOULD WANT TO BE SURE.

I'M ASSUMING THAT WE CAN DO IT. THE QUESTION IS, IS SHOULD THERE BE A LIMIT ON WHAT WE CAN DO? BUT I THINK ULTIMATELY THE YOU GOT TO DECIDE HOW MUCH LIQUID CASH DO YOU WANT ON HAND, YOU KNOW, AND DO I THINK PERSONALLY, DO I THINK 56 MILLION IS IS IF OUR THOROUGHFARES WERE IN GOOD SHAPE, IT EXISTED. I WOULD SAY NO, BUT BECAUSE THEY ARE NOT AND BECAUSE THIS IS ONE OF THE HIGHEST PRIORITIES OF THE CITY COUNCIL TO TO ADDRESS OUR INFRASTRUCTURE NEEDS, I DO I DO BELIEVE 56 MILLION IS TOO HIGH. I BELIEVE THAT NEEDS TO COME DOWN. AND I THINK THE, THE THE BEST INVESTMENT IS IN OUR INFRASTRUCTURE. AND AGAIN, THAT'S AGAIN, THAT'S WHY I'M HERE. AND THAT'S THAT'S WHY THE COUNCIL SENT ME HERE. SO BUT IF YOU DON'T MIND, WE'LL GO THROUGH MAYBE A COUPLE MORE OF THE LEAST TO KIND OF TALK ABOUT THE YUKON ONES, IF YOU DON'T MIND. SO THIS. SO IF YOU WERE TO THINK ABOUT FUTURE GROWTH IN OUR COMMUNITY, THIS IS, THIS IS WHERE A LOT OF IT'S GOING TO HAPPEN IN THIS PARTICULAR REGION. THERE COULD BE 10,000 NEW HOMES OVER THE NEXT SEVEN YEARS. SO THE NEED TO CREATE THAT INFRASTRUCTURE IS, IS PRETTY CRITICAL. AND TO GET AHEAD OF IT, IT WAS ESPECIALLY MADE KNOWN TO ME THAT, YOU KNOW, FOLKS DIDN'T REALLY APPRECIATE THE FACT THAT WE CREATED A NEIGHBORHOOD NORTH OF AND NORTH OF ODESSA, AND WE DIDN'T HAVE THE INFRASTRUCTURE IN PLACE FIRST. FORGERY. FORGERY WAS A NIGHTMARE FOR QUITE SOME TIME DUE TO THE FACT THAT WE HAD DEVELOPMENT ON THE NORTH SIDE AND WE DIDN'T HAVE THE INFRASTRUCTURE TO SUPPORT IT.

WHAT WE DO NOT WANT TO DO HERE IS RECREATE THAT THAT BAD SITUATION WHERE YOU HAVE, WHERE YOU HAVE DEVELOPMENTS GOING IN AND NO WAY TO SERVE THEM. JUST TO THE WEST OF WHERE YOU SEE KIND OF THE YUKON ROAD THAT'S HIGHLIGHTED, KIND OF WHERE IT TERMINATES RIGHT THERE AT MIDWAY ROAD, THERE'S 1200 HOMES THAT ARE THAT ARE DESIRED TO BE PUT IN THERE BY DEVELOPER RIGHT NOW AS WE SPEAK. AND SO WITH THAT. THE COUNCIL SAID, WE CAN'T DO THAT. WE CAN'T HAVE 1200 HOMES SITTING OUT THERE UNTIL YUKON IS BUILT. AND SO THE DEVELOPER SAID, WELL, WE CAN WE CAN BUILD THE PORTION OF THE ROAD BETWEEN MIDWAY AND THE ETJ, AND THEN WE CAN ASSIST YOU DEVELOPING YUKON ROAD 191 FROM FROM 191 TO TO MIDWAY. SO THOSE ARE SOME OTHER THINGS THAT ARE

[00:55:03]

WAS THAT WAS THAT A PARTIAL? WE DID THAT. THAT WAS THAT TO TO FIX THE WASN'T THAT TO FIX THE PART OF THE THE ROAD BECAUSE THE ONE LANE OF IT WAS, WHICH ROAD WAS THAT AGAIN? THE ONE THAT RUNS IN FRONT OF BASS PRO. RIGHT. THAT WAS A LITTLE BIT BEFORE ME AS WELL. I WENT TO THE ONE THAT GOES OUT TO YUKON WHERE THE FENCE IS ALSO I BELIEVE WAS. YEAH, WE DID, WE HELPED WITH THAT AS WELL. OKAY. JOHN KNOWS ALL THIS STUFF. I CAN HELP EXPLAIN THAT IF LIKE JUST BRIEFLY, I'M JUST TRYING TO GET A LITTLE BIT OF A HISTORICAL PERSPECTIVE, SEEING HOW, HOW RADICALLY NEW THIS IDEA IS. JEFFERSON. THIS IS NOT REALLY RADICALLY NEW. OKAY. DC HAS FUNDED NUMEROUS PROJECTS. THE FIRST MAJOR ONES, THE ONE THAT THOMAS WAS TALKING ABOUT THAT I REMEMBER. YES, JBS PARKWAY, HE ALSO PAID FOR A 12 INCH WATER LINE IN THAT. YEAH.

AND IT WAS NOT 100% FUNDING. OH DC OH DC MATCHED THAT. IT WAS A 5050 AT THAT TIME. OKAY. SINCE THEN, DC HAS FUNDED SEVERAL THOROUGHFARE PROJECTS OF ONE AROUND BASS PRO WAS TO CONNECT BASS PRO TO YUKON ROAD SO THAT THERE WAS A BACKAGE SO THAT MIDLAND COUNTY RESIDENTS COULD ACCESS THE BASS PRO FACILITY COMING FROM THE EAST, COMING FROM THE EAST TO MAKE TO, TO CREATE BASICALLY AN INTERNAL LOOP THAT ALLOWED FOR GOOD ACCESS THERE. THERE WAS A MAJOR DRAINAGE CHANNEL THAT NEEDED TO BE ADJUSTED FOR THE BASS PRO SITE AND FOR THAT INDUSTRIAL PROPERTY. IT WASN'T JUST FOR BASS PRO, IT WAS IT WAS A WHOLE INDUSTRIAL 40 OR 58. THERE'S A PARK AROUND THERE THAT'S THAT'S GOING TO SERVE AS WELL. AND WAS THAT ALSO THAT WAS PARTIALLY FUNDED BY 100%. IT WAS 100% FUNDED BY DC. AND THEN AND THEN THE OTHER 100% FUNDING WAS FOR THE WATER AND SEWER AND FOGGY ROAD EXTENSION FROM YUKON ROAD ALL THE WAY NORTH TO A FUTURE INDUSTRIAL PARK UP THERE THAT ALSO GOES BY THE SPORTS COMPLEX. AND THAT WAS FUNDED 100% FROM WITH ODQ FUNDS. AND AS I BRIEFLY MENTIONED OUT OF CON WHEN I SHOULDN'T HAVE, Y'ALL HAVE FUNDED THOSE BASED ON THE CONTRACTS IN DIFFERENT WAYS. SOME OF THOSE ARE FUNDED AS

[01:00:04]

THEN Y'ALL REIMBURSE, AND THEN THE FOUNDRY ROAD EXTENSION, THOSE WATER AND SEWER. AND THAT WAS FUNDED BASED ON MONTHLY DRAWS THAT WERE APPROVED BY, BY US AND BY THE CITY OF THAT THEN CAME TO YOU FOR FUNDING. SO WE HAVE AN ESTABLISHED HISTORY OF USING THESE FUNDS FOR INFRASTRUCTURE. WE HAVE AN ESTABLISHED HISTORY OF BEING FLEXIBLE WITH THE TIMING AND STRUCTURE OF THE FUNDING. BUT IT SOUNDS LIKE KIND OF THE COMMON THREAD HERE IS EACH ONE OF THESE PROJECTS HAS A GENEROUS, SIZABLE ECONOMIC DEVELOPMENT CARRIED AT THE END OF THE STICK, THAT WE ARE TAKING ACTION TO HELP FACILITATE THAT. WE'RE NOT NECESSARILY PART OF THAT ECONOMIC DEVELOPMENT, BUT WE'RE ABLE TO COME IN AND USE THESE FUNDS. THEY ALIGN WITH TYPE A AND THEY HELP FACILITATE THAT LARGER ECONOMIC EXPANSION FOR THE CITY OF ODESSA. I THINK THAT'S WELL SETTLED BY A GOOD ATTORNEY. SO OKAY, SO I PRACTICE LAW WITHOUT A LICENSE EVERY DAY. JUST TRYING TO JUST TRYING TO GET A FRAMEWORK ON, ON UNDERSTANDING, YOU KNOW, HOW, HOW SHOULD WE LOOK AT THIS? INITIALLY? I THINK THE WAY YOU LOOK AT THIS IS THAT ECONOMIC DEVELOPMENT WILL STALL IN THIS PART OF THE COMMUNITY 100%. IF WE DON'T MOVE FORWARD WITH THIS. I THINK THAT IT WILL NOT NECESSARILY IF WE DON'T FUND THIS, BUT IF THESE PROJECTS DON'T COME THROUGH, I WOULD SAY IF OTC DOESN'T FUND THIS, AND WHEN I SAY OTC, THE CITY OF ODESSA AS AN OTC IS A COMPONENT OF THE CITY OF ODESSA. WITHOUT THESE DOLLARS, THE. THIS ECONOMIC DEVELOPMENT WILL STALL IN THIS AREA. I BELIEVE THAT IT WILL SLOW IN THE OTHER AREAS. I WANT TO SAY ONE THING ABOUT THIS THOUGH. A COUPLE OF THESE GUYS HAVE ALREADY COME TO SOME OF US AND AND NON NON WHATEVER YOU WANT TO CALL IT, NON BOARD AND TOLD US WHAT THEY WOULD BE WILLING TO SPEND. AND THIS ONE PROJECT WE'RE TALKING ABOUT NOW THE YUKON ROAD WAS IS $10 MILLION. IS THAT PRETTY CLOSE. WHEN YOU PUT IN SIGNALIZED INTERSECTIONS. YES SIR. BECAUSE WE AGAIN, WE WOULDN'T WANT TO DO WHAT WAS DONE IN THE PAST.

WE WOULD WANT TO MAKE SURE THAT THERE IS A AT THE CORNER OF DORADO AND YUKON, THERE NEEDS TO BE A SIGNAL. THAT'S A MILLION BUCKS RIGHT AT THE CORNER OF MIDWAY. IT'S. AND NOW THEY'RE MORE. IF IT'S LARGER, THEY'RE MORE THE OTHER ONES, RIGHT? BECAUSE, YOU KNOW, LIKE, LIKE I SAID, THE ONE AT YUKON AND, AND 191, WE DID THE DESIGN ON THAT AND IT'S GOING TO BE ABOUT $1 MILLION. BUT THESE ARE SMALLER INTERSECTIONS DOWN THERE. BUT GENERAL RULE OF THUMB. YEAH, IT'S ABOUT $1 MILLION IN INTERSECTION FOR A SIGNALIZED INTERSECTION. SO WE WANT TO MAKE SURE THAT WE HAVE THE SIGNALIZED INTERSECTIONS THERE AS WELL. WE DON'T JUST GO IN AND BUILD THE ROADS, BUILD THE ROADS. AND THEN AT THE END OF THE DAY BE LIKE, OH GOODNESS GRACIOUS, WHAT ABOUT THE SIGNALIZATION? YEAH. WELL, THE POINT I WAS GOING TO MAKE WAS ONE OF THE, ONE OF THE, ONE OF THE DEVELOPERS ACTUALLY TOLD US THAT THEY'D BE WILLING TO SPEND $5.5 MILLION OF THEIR OWN MONEY. SO FOR US TO CONSIDER SOMETHING LIKE THAT, WE'D LIKE TO SEE THE OTHER ONE THAT'S GOING TO PUT 1200 HOMES OUT THERE AND SELL THAT PROPERTY THAT THEY BOUGHT.

NOW, I UNDERSTAND MY ECONOMICS ON THIS PROPERTY THEY BOUGHT FOR ACREAGE. THEY'RE SELLING NOW FOR SQUARE FOOTAGE, WHICH IS GREATLY INCREASED THE VALUE OF THE PROPERTY. SO IF ONE PERSON IS WILLING TO COME ON THEIR BEHALF BECAUSE THEY'RE GOING TO MAKE A LOT OF MONEY, WE ALL UNDERSTAND THIS. THE PEOPLE ARE GOING TO BUILD THOSE HOMES, ARE GOING TO MAKE A LOT OF MONEY. I ALLUDED TO THAT. LET ME FINISH. LET ME FINISH. AND SO WHAT I WOULD LIKE TO SEE IS LET'S SAY THIS 10 MILLION, THE TWO DEVELOPERS COME IN AND Y'ALL CAN, OF COURSE, THEY CAN SHOOT ME DOWN WHATEVER. I'D LIKE TO SEE A THIRD, A THIRD AND A THIRD IF WE'RE GOING TO DO THIS. I'M NOT OPPOSED TO GIVING THEM MONEY, BUT BUT THEY CONFIRMED ONE DEVELOPER CAN DO A THIRD, THE OTHER CAN DO A THIRD, AND MAYBE THE ODC CAN HELP WITH THE THIRD, BUT NOT TO COME IN HERE AND BUILD THE WHOLE THING FOR SOMEBODY ELSE TO COME IN AND MAKE A BUNCH OF MONEY. SO I ALLUDED TO IT A LITTLE BIT EARLIER, BUT BETWEEN THE ETJ AND BETWEEN MIDWAY, THAT DEVELOPER WOULD BUILD 100% OF IT OF THE ROAD. YES. YUKON PROJECT. YEAH. SO, SO THINK OF YUKON GOING ALL THE WAY OUT TO 1788, RIGHT? YEAH. SO THIS PORTION THAT I'M TALKING ABOUT IS FROM 191 TO MIDWAY. THE DEVELOPER SAID, WE WILL BUILD IT. THEY'LL BUILD IT ALL THE WAY FROM MIDWAY TO THE ETJ AND YOU'RE TALKING BUILD IT. WHAT'S NOW OUT THERE IS TWO LANES, TWO LANES. THEY'RE GOING TO BUILD, THEY SAID FIVE LANES, MAYBE A FIVE LANE ROAD. CORRECT. AND THEN WHAT THE DEVELOPER ALSO TOLD US THEY WOULD DO IS THEY WOULD BID OUT THE SECTION OF YUKON BETWEEN 191 AND MIDWAY SAVING COST. SO I BELIEVE WILL SAVE COST WITH THEM DOING IT.

AND SO WITH THAT, THANKS FOR CLARIFYING. I DON'T I BELIEVE IT'LL BE LESS THAN $10 MILLION BASED ON THAT FOR THAT SECTION. PLUS AT THE END OF THE PROJECT, YOU WOULD HAVE IT GOING ALL THE

[01:05:01]

WE'RE NOT TRYING TO HOLD ANYTHING BACK. WE'RE JUST TRYING TO BE WISE WITH WHAT WE HAVE. ABSOLUTELY. AND I APPRECIATE THAT VERY MUCH. AND AS ANY GOOD ECONOMIC DEVELOPMENT PERSON WOULD DO, WE'LL TRY AND GET THE BEST DEAL FOR US. YEAH. SO IF WE AGREE TO ALL OF THESE PROJECTS THAT IT WOULD TAKE WHAT, THREE YEARS TO GET THEM ALL DONE. WELL, I MEAN, I KNOW YOU'D LIKE TO HAVE THE MONEY EARNING SOME INTEREST, BUT IF YOU'RE NOT GOING TO USE IT YET, WE'D LIKE TO HAVE THE MONEY, KEEP IT, KEEP IT IN AN INTEREST BEARING ACCOUNT, JUST RESTRICT IT. AND I THINK I THINK WE COULD DO THAT. NO, I DON'T THINK THAT'D BE A PROBLEM IN THE WORLD WITH THAT. I THINK THAT'S A WISE DECISION. I THINK THAT LET ME GO THROUGH TIMELINES AGAIN. LIKE I SAID, THE SIGNALIZED INTERSECTION AT 191 IN YUKON THAT'S UNDER DESIGN. SO WE WOULD ANTICIPATE A FALL, A BID IN THE FALL OF 26. SO THINK OF THAT PROJECT BEING DONE MIDWAY THROUGH 27, TOWARD THE END OF 27, JUST TO BE CONSERVATIVE. IF WE WERE TO LOOK AT. YEAH. SO IT'S RIGHT HERE, YOU KNOW, YUKON FROM 191 TO MIDWAY. 863, IF YOU REMEMBER.

SO WE'RE TRYING TO GET IT IN FRONT OF US. OH VERY GOOD. WHAT IF WE WERE TO PRIORITIZE AND, AND SAY, LOOK AT THEM IN A PRIORITY SITUATION FOR YOU. YES, SIR. IF IF YOU WERE IF TAKE A LOOK AT THE RESOLUTION IN YOUR PACKET. I HAVE DONE JUST THAT. OH YOU HAVE. OKAY. THANK YOU.

YOU'RE AHEAD OF US. NO, NO, JUST TRYING TO THINK ABOUT QUESTIONS YOU MAY ASK AND MIGHT COME UP WHEN WE VOTE ON THIS. ARE WE VOTING ON THESE AS A TOTAL PACKAGE, OR ARE WE VOTING ON THESE AS INDIVIDUAL PROJECTS PRESENTED AS A TOTAL TOTALED, AS A TOTAL PACKAGE? I DON'T THINK WE HAVE TO DO THAT, BUT IN THE RESOLUTION WILL BREAK IT DOWN ACCORDINGLY. I THINK THE RESOLUTION BROKE IT DOWN ONE THROUGH FIVE. OKAY. WOULD YOU BE WILLING TO THE THINGS THAT WE THE COUPLE OF ITEMS WE HAVE QUESTIONS ON 16TH STREET, 52ND STREET, THE INTERSECTION OF YUKON AND ONE AND AND THE LOOP. WOULD YOU BE WILLING TO. VOLUNTARILY WITHDRAW THOSE FROM YOUR REQUEST TODAY? I WOULD YES. I MEAN, AT THE END OF THE DAY, ABSOLUTELY. THERE'S NO DOUBT THAT WOULD BE FINE. AND THAT'S AND AND THAT'S WHY AND THAT'S WHY WE PUT THEM ONE THROUGH FIVE IN THERE BECAUSE WE WE ANTICIPATED THAT THE COUNT. I'M SORRY THAT THE OTC BOARD MIGHT HAVE SOME QUESTIONS MIGHT MAY NOT BE COMFORTABLE WITH 1 OR 2 OF THEM. AND SO WITH THAT, YOU WOULD, YOU COULD APPROVE A RESOLUTION OMITTING NUMBER THREE, NUMBER FOUR OR NUMBER FOUR OR NUMBER FIVE OR NUMBER ONE OR NUMBER FOUR OR NUMBER FIVE. RIGHT. SO IF WE WERE TO IF WE WERE TO OMIT, CORRECT ME IF I'M WRONG, THAT WOULD SAY, DID THE TOP THREE ON YOUR RESOLUTION OR SOMETHING LIKE THAT, THAT WOULD, THAT WOULD KNOCK OUT ABOUT 12. THREE IS 52ND STREET DORADO'S FOUR. RIGHT, RIGHT. SO YOU'RE LOOKING AT A DIFFERENCE IN. SO YES, I MEAN, I WOULD LOVE IT IF WE CAME OUT OF HERE IF IF WE CAME OUT OF HERE TODAY AND THE RESOLUTION INCLUDED NUMBER ONE, NUMBER TWO AND NUMBER FOUR, THAT WOULD BE FANTASTIC. OKAY, SO THOSE ARE THE ONES THAT AND TIMELINES IN MY MIND ARE ECONOMIC DEVELOPMENT INFRASTRUCTURE. YEAH. SO THOSE ARE TIMELINES. THE OTHER TWO ARE MORE LIKE I SAID, MAINTENANCE. I'M NOT SURE. WELL, 50S IS GOING TO BE THE MAINTENANCE WHEN YOU'RE TALKING ABOUT. THAT'S WHAT I'M SAYING. YEAH, ONE, TWO AND FOUR ARE THE ONES I'M THINKING ARE INFRASTRUCTURE, ECONOMIC DEVELOPMENT 13124. WELL ON THIS DEAL. AND THAT'S IN THE IN THE RESOLUTION IT'S ONE TWO AND FOUR. BUT IS THERE THE URGENCY RIGHT NOW TO GO FROM DORADO TO YUKON. I DON'T KNOW. OR WOULD IT BE MORE BENEFICIAL TO TAKE 52ND STREET AND BUILD IT UP BECAUSE IT NOW GIVES US ANOTHER EAST WEST CORRIDOR THAT WOULD MAYBE TAKE SOME OF THE STRAIN OFF OF SOME OF THE OTHER. HE'S NOT WIDENING. ARE YOU WIDENING 50S OR ARE YOU JUST REDOING IT?

[01:10:05]

WELL, WE THEY GAVE US A LIST AND WE JUST IN OUR PROFORMAS, WE PUT THOSE IN THERE OVER A PERIOD OF FOUR YEARS, BUT WE DIDN'T SAY ONE BY ONE, LOOK AT THEM AND APPROVE THEM WHEN WE WERE DOING OUR BUDGET AND OUR PROFORMA FOR THE NEXT FIVE YEARS, IT WAS IT WAS IN THERE.

THAT'S WHY I ASKED IF THIS WAS IN ADDITION TO OUR INSTEAD OF GAVIN, IF YOU WANTED TO TABLE THESE, WHAT WHAT OTHER INFORMATION WOULD YOU WANT FROM THE CITY TO BRING IT BACK? SO TO PEGGY'S POINT, JUST ON 52ND STREET AND 16TH, WHETHER THAT FALLS WITHIN WHAT WE'VE ALREADY APPROVED OR WHETHER WE'RE APPROVING SOMETHING WE'VE ALREADY APPROVED. AND THEN JUST ON THE TRAFFIC LIGHT, DOES THAT FALL WITHIN THE ECONOMIC DEVELOPMENT SCOPE OF WHAT WE ARE ALLOWED OR ABLE TO DO? AND THAT'S THAT'S REALLY THE INFORMATION THAT I NEED. WELL, DO YOU HAVE ANY QUESTION ON ONE AND TWO IN YOUR MIND? NO ONE AND TWO BEING YOU MEAN I MEAN, YEAH. YOU MEAN TRAFFIC SIGNAL. THE TRAFFIC. I'M SORRY, TWO AND TWO AND FOUR. TWO AND FOUR.

CORRECT. IF WE CAME OUT OF THIS MEETING AND TWO WITH TWO AND FOUR APPROVED, I WOULD BE ECSTATIC. THE ONLY QUESTION, THE ONLY HESITATION. IS GOING TO GIVE ME SOMETHING. GUYS TWO AND FOUR, I DON'T THINK YOU'RE GOING TO WALK AWAY WITHOUT US SAYING WE'RE INTERESTED IN BEING A PART OF SOME OR ALL OF THESE PROJECTS, BUT IT'S THE EXTENT OF OUR INVOLVEMENT, WHETHER WE'D BE FUNDING THE ENTIRE BUDGET OR IF WE'RE LOOKING AT OTHER PARTNERS. IT SOUNDED LIKE THE NUMBER TWO YUKON ROAD TO MIDWAY IS SEEN AS ALMOST A PARTNERSHIP BECAUSE OF THE CONTINUATION OF THE ROAD. YES, SIR. TWO 1788 WE WOULD BE FUNDING THE WHOLE BUDGET OF THIS PORTION OF A LARGER PROJECT, CORRECT? OKAY. THAT'S CORRECT. CAN YOU GET US THAT? THAT'S CORRECT. THE WHOLE DEAL. THE WHOLE DEAL SHOWING THE WHOLE BUDGET WE'RE GOING TO DO FROM HERE TO HERE. YEAH. WE'RE ASKING YOU TO FUND FROM HERE TO HERE. THE COST THE OTHER PEOPLE ARE GOING TO SPEND IS THIS MUCH. SO WE'RE ONLY ASKING Y'ALL TO FUND HALF OR WHATEVER THE NUMBER IS ROUGHLY, LET'S SAY I THINK IT'S PROBABLY 5 MILLION. NOW, I DON'T WANT TO SAY I DON'T WANT TO SAY A NUMBER, BUT IN ADDITION TO THIS, THERE'S WATER INFRASTRUCTURE AS WELL THAT THEY'RE SPLITTING THAT WILE THAT ENTIRE AREA. SO WATER INFRASTRUCTURE IS THE WHOLE THING. THIS IS WHERE THE DEVELOPER SAID WE'LL PAY FOR HALF OF THE 5 MILLION COST IN

[01:15:02]

AND THAT BEING SAID, I'D LIKE TO SEE MAYBE THE YUKON AND THE DORADO. IT'S GOING TO NEED TO GO TOGETHER ANYWAY. THEY DO NEED TO GO TOGETHER AND YUKON AND DORADO, THEY NEED TO GO TOGETHER. AND AGAIN, I'LL GO BACK TO THE NEED FOR SPEED. ECONOMIC DEVELOPMENT PROJECTS DIE BECAUSE WE DON'T ACT QUICKLY ENOUGH SOMETIMES. I'M HERE TODAY TO TELL YOU THAT THESE TWO AT THE VERY LEAST, AGAIN, IF TWO AND FOUR. WE NEED THAT. YEAH. WE HAVE BEEN IN EXECUTIVE SESSION WITH THE COUNCIL. YOU GUYS, I THINK, HAVE EVEN BEEN IN EXECUTIVE SESSION ON SOME THINGS. PERHAPS THE DEVELOPER FOR YUKON HAS SAID THEY WILL HAVE SKIN IN THE GAME. I WILL NOT LET A DOLLAR LEAVE THIS CITY UNLESS THEY END UP UNLESS THEY LIVE UP TO THEIR END OF THE BARGAIN. THAT'S THAT'S 100% AFFIRMATIVE RIGHT THERE. THAT JUST WON'T HAPPEN.

AND I DON'T THINK ALL OF THOSE DETAILS ARE REALLY REQUIRED FOR US TODAY TO AGREE TO TAKE ACTION TO PRESERVE THESE FUNDS. I AGREE FOR THIS RESOLUTION. THE ONLY THING I THINK WE NEED CLARIFIED IS DO WE GO BACK THE THE MONEY THAT WE HAD, THE MONEY THAT WE HAD PROPOSED FOR THE CITY FOR THE NEXT 4 OR 5 YEARS, I DON'T KNOW IF BECAUSE THAT WAS A, YOU KNOW, IT WAS JUST A FUTURE. LOOK AT WHAT OUR CASH MIGHT LOOK LIKE. I DON'T KNOW IF THAT OBLIGATED US, IF WE VOTED TO AGREE THAT WE WERE GOING TO DO THAT. BECAUSE IF WE DO, WE NEED TO VOTE TO AMEND THAT BEFORE WE BEFORE WE COMMIT TO ANOTHER $18 MILLION. I AGREE, AND THAT WAS I DON'T I DON'T THINK I'VE EVER SEEN I'M ONE OF THE NEWER ONES HERE, SO I DON'T KNOW IF I'VE SEEN WELL, IT'S A REALLY NICE SPREADSHEET FOR THE NEXT FIVE YEARS AND IT HAS MONEY FOR THE CITY IN EACH YEAR.

RIGHT. AND, AND THE MOST IN ANY ONE YEAR WAS 7.5 MILLION BECAUSE IT WAS 50% OF WHATEVER OUR PROJECTED SALES TAX. WELL, PART OF THAT BUDGET WAS $15 MILLION FOR THE TECH STOCK DEAL THAT WE WERE GOING TO LOAN THEM. AND THEN THAT WENT AWAY, RIGHT? YOU'RE NOT GOING TO NEED THAT $15 MILLION. WE DON'T NEED THE 15 MILLION. HOLD ON JUST A SECOND. I DON'T THINK I'VE GOT A LINE ITEM HERE. THE NUMBER WAS I THINK THE TEXT I'VE GOT THIS AS THIS WAS THE THIS WAS HERE. I'M SORRY. IT WAS ONLY $5 MILLION THAT WE REQUESTED FROM YOU GUYS FOR DESIGN. AND THEN TECH STOCK IS GOING TO REPLACE THAT. AND THEY'RE GOING TO ALL OF THE CONSTRUCTION, RIGHT? BECAUSE IT'S A REIMBURSABLE. THAT'S RIGHT. CONSTRUCTION. RIGHT. SO WHAT WE DID WAS DECKED OUT IN THE CITY, AGREED TO DESIGN, AND YOU GUYS PAID 5 MILLION FOR THE DESIGN. AND IT'S REIMBURSABLE, THOUGH ONCE THE DESIGN IS COMPLETE AND THEN TIKTOK WILL HANDLE THE PAIN FOR THE CONSTRUCTION. SO THERE IS NO DOLLARS OUT OF THAT. SO THIS WAS EXCUSE ME, WAS GOING TO ASK YOU TO COME TO THE MICROPHONE. YES, WE ARE RECORDING AND BY LAW, WE HAVE TO HAVE THIS RECORDED WHERE PEOPLE CAN HEAR IT. PLEASE COME TO THE PODIUM. THANK YOU. SO ORIGINALLY WHAT THE CITY DID WAS WE ASKED YOU GUYS FOR $5 MILLION FOR DESIGN. THAT'S REIMBURSABLE AFTER THE DESIGN IS COMPLETE. SO ONCE THE DESIGN IS COMPLETE, WE WILL GET THAT REIMBURSEMENT BACK TO THE CITY FROM TEX DOT. AND THEN WE WILL PAY YOU THAT GUYS BACK FROM THAT. THE CONSTRUCTION FOR

[01:20:02]

CORRECT? CORRECT. RELOCATED DOWN THROUGH THERE. WELL, PART OF THAT BUDGET WAS FOR OTHER TEX DOT DEALS AROUND THE CITY, WASN'T IT? WE WERE GOING TO HELP FUND LIKE OVERPASSES ON THE LOOP. WE ARE FUNDING BASICALLY DOING SHELF READY PROJECTS RIGHT FOR THE MPO.

SOME OF THAT MONEY WAS FOR THAT, WASN'T IT? YEAH. I DON'T KNOW THE BREAKDOWN UNFORTUNATELY.

WE'RE JUST SEEING THIS AND THE PEOPLE THAT PUT IT TOGETHER ARE NOT HERE. BUT I DON'T KNOW THIS THIS THIS WAS PRESENTED TO THE BOARD. I HOPE IT WAS PRESENTED TO THE BOARD ABOUT A WEEK AGO.

IS THAT CORRECT? THIS INFORMATION? WE WE WE DID GET. YES. OKAY. VERY GOOD. YEAH. THE PACKET. YEAH. BUT I'M SAYING WE I DON'T KNOW, I'VE BEEN IN THE HOSPITAL, SO I'M JUST SEEING IT, BUT I DON'T THINK THAT $16 MILLION THOUGH WAS. I THINK THAT THOMAS IS RIGHT. YOU KNOW, WE HAVE WE HAVE PUT MONEY IN A POT BECAUSE THAT SPEEDS UP THE TEXTILE DECISION. AND I THOUGHT THAT'S WHAT THAT WAS. NO, THAT WAS FOR SOMETHING ELSE. BUT WE DID. WE DID APPROVE THE WE DID APPROVE GIVING THE MONEY BEFORE FOR THE 16TH STREET. THAT WAS PART OF WHAT YOU'RE TALKING ABOUT, THE 16TH STREET ONE. AND I THINK WE WE DENIED THE THE TRAFFIC SIGNAL JUST BECAUSE OF WHATEVER IT WAS. NOBODY REALLY AGREED IT SHOULD HAVE BEEN DONE WITH. WHEN THE ORIGINAL ONE, THE ORIGINAL HIGHWAY WAS PUT IN, THEY PUT EVERYTHING BUT THE SIGNAL. AND I STILL DON'T SEE WHY. IF YOU HAVE TO DO ALL THE INFRASTRUCTURE, ALL THESE OTHER TRAFFIC SIGNALS FROM THE GET GO COST $1 MILLION. WHY DID THIS? THE ARMS AND SIGNALS COST $1 MILLION WHEN EVERYTHING ELSE IS SUPPOSED TO BE IN THERE. BUT THAT'S THAT'S FOR SOMETHING ELSE. LATER TIME. I BELIEVE YOU'RE RIGHT. I THINK THAT IS COMMITTED TO SOME MPO PROJECTS. YEAH. THAT THE CITY AGREED AND AND OTC AGREED TO HELP FUND TO KEEP PUSHING. THAT'S WHAT I'M THINKING. THAT IS, THAT'S WHAT SHE KEEPS ASKING. YOU'RE THE ONE WHO TALKED TO US ABOUT IT. ACTUALLY, YES, I BELIEVE SO. I DON'T THINK THAT'S MONEY THAT WE JUST FOUND JUST A FEW MINUTES AGO. NO, MA'AM. BUT I WAS GOING TO GIVE IT TO YOU. BUT BUT BUT THAT'S A BUT AGAIN, WITH INFRASTRUCTURE, HAVING THOSE SHELF READY PROJECTS FOR MPO AGAIN GETS US TO THE FRONT OF THE LINE, MAKES THINGS HAPPEN QUICKER. WELL, I'M JUST THROWING THIS OUT THERE I WOULD SAY. IS THAT A MOTION? WELL, I GUESS IT'S STILL A DISCUSSION, BUT I'M JUST THINKING THAT, YOU KNOW, I WOULD BE WILLING TO SAY THAT WE WOULD COMMIT TO $15 MILLION TODAY TO BE PAID OVER THE NEXT COUPLE OF YEARS, BECAUSE THAT'S 50% OF OUR OF OUR SALES MONEY EACH YEAR. I FEEL REALLY HESITANT TO SAY THAT THE CITY SHOULD TAKE THE UNRESTRICTED AMOUNT THAT WE HAVE, KNOWING THAT WE HAVE SEVERAL OTHER REQUESTS THAT ARE IN FRONT OF US. AND SO, YOU KNOW, CERTAINLY I THINK WE COULD COMMIT A DOLLAR AMOUNT FOR THOSE TWO BIG ONES AND THEN KEEP TALKING ABOUT IT FOR THE REST OF IT FOR TWO AND FOUR, MA'AM. YEAH, I GUESS IT'S 17, 17 MILLION, AND I WAS FOUR AND I WAS SAYING, YOU KNOW, 15 MILLION BECAUSE THAT'S 50% OF OUR SALES OF OUR REVENUE EACH YEAR THAT I THINK WE COULD SAY THAT TODAY WITHOUT ANY HESITATION THAT WE COULD COMMIT THAT MUCH MONEY TO IT. AND THEN WE CAN DECIDE WITH YOU AND WITH THE QUESTIONS WITH THE ATTORNEY, YOU SPEND IT HOWEVER YOU WANT TO. SURE. SO 15 MILLION DEDICATED TO NUMBER TWO AND NUMBER FOUR, BASICALLY, YES. YUKON ROAD TO MIDWAY AND DORADO ROAD TO YUKON. I THINK WE COULD PROBABLY GET THERE. BY THE WAY, I DO THINK THERE WILL BE SAVINGS BECAUSE THE DEVELOPER IS AGREEING TO BUILD THAT PORTION OF THE ROAD FROM 191 TO MIDWAY, AND WHEN THE DEVELOPER BUILDS IT, IT IS CHEAPER THAN WE GET IT. WHEN THE CITY COMES TO THE TABLE. UNFORTUNATELY, IN THIS WORLD, CONTRACTORS SAY YOU GOT A LOT OF DEEP POCKETS OVER THERE AND YOU CAN, YOU KNOW, THERE'S MONEY TO BURN, RIGHT? THEY TREAT US DIFFERENTLY, UNFORTUNATELY. SO BECAUSE THE DEVELOPER IS GOING TO BE THE ONE WHO'S BUILDING THIS PORTION OF THE ROAD, I THINK WE CAN GET THERE. OKAY, SO $15 MILLION, I WOULD MAKE A MOTION TO THAT EFFECT. CAN WE JUST GO AHEAD AND ADD THE TRAFFIC SIGNAL BEFORE SOMEBODY DOES GET KILLED? WE GOT STOP SIGNS THERE. THROW IN A TRAFFIC SIGNAL. GOING ADDRESS THAT Y'ALL HAVE ALREADY FUNDED A TRAFFIC ■SIGNAL AT

[01:25:07]

YOU HAVE IN THE PAST. OKAY. WELL, I THINK WE'RE WE'RE EXTENDING MONEY TO THE OTHER TWO PROJECTS. WE'RE LEAVING A GAP RIGHT HERE WITH TRAFFIC SIGNAL COULD BE BECAUSE WE'RE CREATING MORE TRAFFIC. SO I THINK WE OUGHT TO INCLUDE THE TRAFFIC SIGNAL MYSELF. THAT'S A GOOD POINT. OKAY, SO SO MOTION SAY 15 MILLION OR DO YOU WANT TO DO THE 19 MILLION OF ALL THREE THINGS? IT'S $19 MILLION. WHEN YOU ADD THE TEN, THE SEVEN AND THE ONE, IT'S 19 THREE.

WELL, I CAME UP WITH THE 15 MILLION BECAUSE THAT'S 50%. I DON'T WANT TO GET I DON'T WANT TO PLEDGE MORE THAN 50% OF OUR SALES TAX, 15 MILLION WITH A MILLION TO FIX THE TRAFFIC SIGNAL AND THE REST TO BALANCE OUT AND THE REST. AND I DON'T HAVE AN ISSUE WITH THAT. IF WE CAN DO THAT, STILL SUBJECT TO THE INFORMATION THAT WE GET. AND I WOULD BE OKAY WITH THAT.

SURE. THAT WOULD BE FINAL APPROVAL BY CITY COUNCIL, RIGHT? SURE. BECAUSE EACH ONE OF AND, YOU KNOW, EACH ONE OF THESE WOULD HAVE TO BE A PROJECT THAT'S GOING TO HAVE TO GO TO THE COUNCIL ANYWAY. SO WE'RE NOT GOING TO SPEND MONEY THAT WE THAT WE SHOULDN'T. SURE. I'M FINE. I'M FINE WITH THOSE. OVER TWO YEARS, 2 TO 3, 2 TO 3. IT'LL IT'LL DEFINITELY BE TWO YEARS. OKAY. AT LEAST TO COMPLETE THESE PROJECTS. SO THE MOTION IS 15 MILLION OR 16 MILLION. 15 MILLION, 15, 15 MILLION TO COVER ONE, TWO AND FOUR. RIGHT. SO WE'RE GIVING YOU WE'RE SAYING 16 MILLION OF YOUR 19 MILLION. THAT'S THE MOTION. THAT'S A GOOD DAY. 15 MILLION OR 16, 15 MILLION. 15 OF THE. I'LL SECOND AS A MOTION AND A SECOND. ALL IN FAVOR? AYE.

ANYONE OPPOSED. SO 15 MILLION TOWARDS THOSE THREE PROJECTS. I DON'T KNOW HOW YOU'RE SUBJECT TO THE. YEAH. SUBJECT. RIGHT. I MEAN, YOU JUST ADVANCE THOSE FUNDS WILL BE RESTRICTED. YEAH.

VERY GOOD WORK. THAT'S FANTASTIC. AND YOU HAD TO BUY US ALL DINNER? NO. I'M TEASING.

AND YOU'RE GOING TO CONFIRM THAT THE CONTRACTOR OR THE DEVELOPER IS GOING. ABSOLUTELY.

YOU KNOW, LIKE I SAID, WE'RE NOT GOING TO WE'RE GOING TO HOLD WE'LL HOLD THE DEVELOPER ACCOUNTABLE, ESPECIALLY IN THAT 380 AGREEMENT. I THINK IT LOOKS A LOT BETTER TO YOUR VOTERS IF YOU HAVE THAT THOSE NUMBERS TOGETHER AND SAY, THE DEVELOPERS, WE'RE NOT GIVING THIS AWAY FOR FREE. AND NOT ONLY WILL WE, NOT ONLY WILL WE DO THAT, BUT WE WILL DO WHAT'S CALLED A, AN ECONOMIC IMPACT ANALYSIS, WHICH IS, YOU KNOW, THAT'S A $3,500 STUDY. BUT YOU KNOW WHAT? I KNOW WHAT THE END RESULT OF THAT WILL BE THAT IT THERE'S NO DOUBT THAT IT'S THERE'S, THERE'S TREMENDOUS ECONOMIC GAIN TO THE COMMUNITY. BUT JUST HAVING A THIRD PARTY LOOK AT IT AND THEN SOLIDIFY THAT I THINK MAKES EVERYONE A LITTLE MORE COMFORTABLE. ALL RIGHT. THANK YOU, AARON. THANK YOU. THERE WAS A MOTION. THANK YOU. CAN I HAVE A VOTE? OH, WE DID VOTE. YES. EVERYBODY SAID YEAH THANK YOU. BY THE WAY. THAT'S THAT'S THE WAY IT'S SUPPOSED TO GO. THAT WAS WONDERFUL. JUST APPRECIATE THIS BOARD CIVILITY WORKING TOGETHER TOWARD THINGS THAT ARE MUTUALLY BENEFICIAL. Y'ALL JUST FANTASTIC. THANK YOU ALL VERY MUCH. THANK YOU, THANK YOU, THANK YOU. ALL RIGHT. IT LOOKS LIKE WE HAVE A CONSIDER A GRANT

[11. Discuss and consider a grant request from Odessa College for an Odessa College Downtown Building to include Business Professions and Hospitality Management Programs]

AND BEFORE WE GET STARTED, I JUST I DO WANT TO STATE FOR THE RECORD THAT I DO HAVE A RELATIONSHIP WITH OSI. I SERVE ON THE FOUNDATION BOARD. NO CONFLICT OF INTEREST, NO CROSS MONEY IN THIS PROPOSAL. AND MY SERVICE ON THAT BOARD. AND I'LL HAVE THE SAME I MAKE THE SAME ANNOUNCEMENT AS. SO DOES THAT MEAN YOU CAN DISCUSS. BUT YOU CAN'T VOTE? I CAN VOTE, YOU CAN VOTE JUST FOR THE RECORD. OKAY. SO DOES BETSY NEED TO TELL US WHAT THE COMPLIANCE COMMITTEE

[01:30:06]

WE'VE GOT THE DEAL THAT YOU GAVE COMPLIANCE. I DON'T KNOW, WHAT DO YOU I DON'T CARE. I A QUICK QUESTION BACK AND FORTH MAY BE THE MOST EFFECTIVE USE OF TIME. OKAY. MY FIRST QUESTION WOULD BE OKAY, IT'S 35 MILLION. IT'S IT'S A $48.5 MILLION PROJECT. WE SUBMITTED 44 MILLION IN THE APPLICATION AND WE WENT TO TOM. WE HAVE AN OPPORTUNITY TO MAKE THIS A MUCH MORE ENHANCED WORKFORCE PROJECT. IF WE ADD AN ADDITIONAL 4 MILLION OR 4.5 MILLION TO THAT.

SO IT IT GOES FROM 44 SUBMITTED TO 48.5. BUT WE'RE NOT ASKING YOU FOR ANY ADDITIONAL DOLLARS.

WE'RE COMFORTABLE WITH THE $10 MILLION WE'VE ASKED YOU FOR, BUT WE WANT TO GIVE YOU EVEN MORE BANG FOR THE BUCK. AND I THINK WE'VE ALWAYS GIVEN YOU A GREAT RETURN ON INVESTMENT. AND WE WANT TO MAKE SURE WE WE WE EXCEED WHAT WE'VE WE'VE REQUESTED. SO WE'RE GOING TO ADD ON AN ADDITIONAL 4.5 MILLION. WE WILL PICK THAT UP. AND OUR REQUEST REMAINS THE SAME. BUT THE RESULTS WILL BE EVEN BETTER THAN THAN WHAT WE WOULD WE ANTICIPATED IN THE IN THE APPLICATION. AND IN EFFECT FOR US, EACH TIME YOU GUYS ADD SOMETHING LIKE THAT, IT ADDS A LAYER OF COMPLIANCE AND ECONOMIC IMPACT. YES, YES, WE WILL DO MORE THAN. SO MY QUESTION IS THAT'S THE COST AND WE'RE FUNDING 10 MILLION. HAVE YOU SECURED ALL THE OTHER FUNDING? NO, SIR, WE HAVE NOT. WE'RE IN THE FUNDRAISING PHASE AS WE SPEAK. I THINK. I KNOW IT'S 10 OR 15 MINUTES, BUT IT REALLY MAKES A DIFFERENCE IF YOU SEE THE PROJECT. I MEAN,

[01:35:05]

AGAIN, YOU GUYS WILL BE VERY HELPFUL TO US. WE HAVE SOME FUNDS AT THE COLLEGE THAT WE WILL COMMIT TO THIS PROJECT. AND ONCE YOU GUYS COME ON BOARD THEN IT MAKES IT A LOT. WE HAVE ANOTHER MEETING TOMORROW WITH THE POTENTIAL FUNDER, AND WE THINK IT'S GOING TO GO REALLY WELL. MUCH LIKE THE OTHER PROJECTS WE'VE DONE, WE ANTICIPATE THIS, IF APPROVED, SERVING AS ALMOST LIKE AN ANCHOR GIFT. YES, SIR. FOR FUTURE PRESENTATIONS, FOR FUNDRAISING, WE HAVE OUR OWN DOLLARS THAT WE'RE GOING TO COMMIT. BUT ONCE OTHER DONORS SEE THAT THEIR THIRD PARTIES ARE INTERESTED IN IT AND WILLING TO SUPPORT IT, THEN IT MAKES IT A LOT EASIER FOR US. AND THERE ARE PHASES TO THIS, AND THAT'S KIND OF TOWARD THE END OF THE PROJECT WHERE WE CAN TALK ABOUT ONE PHASE OF IT IS MUCH QUICKER AS FAR AS A TURNAROUND AND A RETURN ON INVESTMENT AND THE IMPACT THAT YOU SEE FOR THE WORKFORCE AND THEN THE OTHERS CONSTRUCTION WISE, TAKE A LITTLE BIT. YOU WANT TO MOVE OVER TO THE MIC? YES, OF COURSE. I WAS JUST SAYING THAT THERE'S A PHASED APPROACH TO THE TO THE PROJECTS THAT ARE IN THIS. CAN YOU GO THROUGH THAT REAL QUICK? ABSOLUTELY, ABSOLUTELY. SO IF YOU'LL GO IN YOUR PACKET, I WANT TO INTRODUCE YOURSELF. MY NAME IS ALYSSA AND I SERVE AS VICE PRESIDENT FOR ADVANCEMENT. IF YOU'LL START KIND OF AT THE BACK OF YOUR PROJECT AND COUNT ONE, TWO, THREE, FOUR, FIVE PAGES, THAT'S WHERE THE ACTUAL PROJECT SPECIFICS PICK UP. I'LL KIND OF WAIT FOR YOU ALL TO GET THERE. IT SHOULD LOOK LIKE THIS. THERE WE GO. THAT SHOULD BE THE PAGE YOU'RE ON. SO THE OTHER PAGES SHOW YOU THE TREMENDOUS WORK WE'VE BEEN DOING. I'D LOVE TO TALK TO YOU ABOUT THAT AS WELL, IF YOU'D LIKE TO HEAR THAT. ABSOLUTELY. BUT OR YOU CAN STIPULATE THAT ODESSA COLLEGE DOES GREAT WORK, BUT THAT'S ANOTHER TOPIC. SURE.

OKAY, SO THE THREE PROJECTS THAT ARE A PART OF THIS $48.5 MILLION STARTS WITH THE DOWNTOWN BUSINESS AND HOSPITALITY CAMPUS, AND THEN AN ADVANCED WELDING LAB AND A WORKFORCE HUB. SO IF YOU TURN THE PAGE, THE FIRST PROJECT IS THE DOWNTOWN BUSINESS AND HOSPITALITY CAMPUS. THAT IS PRIMARILY WHAT YOU SEE IN YOUR GRANT APPLICATION. FOR US, THIS TOTAL PROJECT IS A $35 MILLION BUILDING WITH $5 MILLION FOR FOR. THE LAST PAGE OF YOUR PACKET IS A BEAUTIFUL IMAGE OF WHAT WE ARE ARE CONCEPTUALIZING THIS BUILDING TO LOOK LIKE THIS REALLY BECOMES A HUB FOR DOWNTOWN ODESSA. BUSINESS OPPORTUNITIES, ENTREPRENEURSHIP OPPORTUNITIES, AND IT GIVES ODESSA COLLEGE AN OPPORTUNITY TO BE RIGHT IN THE MIDDLE OF THAT AND MOVE OUR BUSINESS PROGRAM STUDENTS, OUR BACHELOR'S DEGREE PROGRAMS TO THE CENTER OF ODESSA AND WORK ALONGSIDE THE BUSINESSES IN DOWNTOWN ODESSA. IT SERVES AS A RETAIL SPACE, A BUSINESS LEASE OPPORTUNITY. AND SO THAT REALLY BECOMES WHAT OUR BUSINESS PROGRAMS, THAT BECOMES THEIR SCHOOL, THAT BECOMES THEIR OPERATING GROUND. MENTORSHIPS, APPRENTICESHIPS, INTERNSHIPS WITH BUSINESSES THAT ARE OPERATING IN THAT BUILDING IS THE DESIGN OF THIS BUILDING. THERE ARE ALSO OPPORTUNITIES TO THERE'S A BOUTIQUE HOTEL THAT WE'RE PLANNING TO BE A PART OF OUR HOSPITALITY PROGRAM. AND SO WE HAVE PARTNERSHIPS GOING ON WITH WITH THOSE INDUSTRY LEADERS AS WELL. THERE ARE EVENT SPACES IN THIS BUILDING, INCLUDING A LARGE CAPACITY EVENT ROOM THAT WILL BE USED FOR EVENTS AND THINGS LIKE THAT DOWNTOWN. AND ALISSA, THIS IS FROM THE PICTURE, BUT IT'S RIGHT NEXT TO HOMEMADE WINES IN THAT OPEN SPOT RIGHT ACROSS. I MEAN, WALKING DISTANCE TO THE MARRIOTT RIGHT THERE AT TORCHY'S, RIGHT ACROSS FROM THE OAK PARK. SO IT'S RIGHT REALLY RIGHT THERE IN THE MIDDLE. AND WE'VE HAD CONVERSATIONS WITH THE LIBRARY. WE CONTINUE TO HAVE CONVERSATIONS WITH THE COURTHOUSE ABOUT HOW CAN WE BECOME A PART OF ALL OF THE EXCITING THINGS THAT ARE COMING FOR DOWNTOWN. WE VIEW THIS AS A SUPPLEMENT TO ALL OF THE GREAT WORK THAT'S ALREADY HAPPENING.

IT PROVIDES ANOTHER SPACE FOR PEOPLE TO, WHEN THEY COME VISIT THE LIBRARY, TO HAVE A SPACE TO GET A REFRESHMENT, GET A BITE TO EAT, AND OFFER IN SERVICES AND TRAININGS FOR PEOPLE THAT WANT TO START THEIR OWN BUSINESS. ANY ADDITIONAL QUESTIONS ABOUT THAT CAMPUS OR THAT PLAN? I THINK YOU SHOULD ELABORATE A LITTLE BIT ON THE WHOLE HOSPITALITY WORKFORCE, BECAUSE THAT'S THAT REALLY STRUCK A CHORD WITH ME, BECAUSE MOST OF THE WORKFORCE DEVELOPMENT THAT WE'VE SPONSORED HAS BEEN WELDING AND OIL FIELD RELATED WHEN THIS

[01:40:01]

THAT'S INTERESTING. AND THEN LATER THE NIGHT TURNDOWN PERSON COMES IN AND SHE'S JUST SO ENTHUSIASTIC ABOUT HER JOB AND HER PLACE. AND. WELL, TELL ME ABOUT YOUR TRAINING. WELL, SHE TOO, AS WAS SHE WAS A TRAINEE AND GOING THROUGH THAT. AND I WAS TELLING THEM IT WAS AS IF I WANTED TO SAY TO THEM, DID GREG WILLIAMS PUT YOU ALL UP TO THAT? ARE YOU FROM ODESSA? HOW DID YOU DO? IT JUST REINFORCED, AND I TOLD THEM THEY NEED TO CALL IT A HOSPITALITY ACADEMY BECAUSE THAT'S WHAT THEY HAVE CALLED IT. AND THE PARTNERSHIP. THE THE HOTEL HOTEL PARTNERS WITH THEM, AS DO ALL THE RESTAURANTS AROUND. AND IT MADE AN INCREDIBLE DIFFERENCE IN JUST, WELL, THEIR DEMEANOR, THEIR PRIDE AND THEIR AMBITIONS. IT WAS WONDERFUL. WE WERE SKEPTICAL. THAT'S WHY COMPLIANCE WANTED TO TALK TO THEM BECAUSE, YOU KNOW, IT'S JUST WAITRESSES. IT'S MORE THAN THAT. IT IS SO MUCH MORE THAN THAT. AND I'M NOT PUTTING DOWN WAITRESSES. I'VE BEEN THERE AND DONE THAT. SO ANYWAY, IT IT IS TRULY A HOSPITALITY ACADEMY IS WHAT THEY ARE WANTING TO PRESENT. AND I'VE BEEN THROUGH THE MARRIOTT PROGRAM WITH TOBI AND SANDRA, AND THEY HAVE AN INCREDIBLE TRAINING PROGRAM. SO WE TALK A LOT ABOUT HOW WE NEED TO INSTILL MORE PRIDE IN ODESSANS, AND I THINK THIS WOULD CERTAINLY BE ONE OF THE WAYS THAT WOULD HAPPEN. YOU HEAR PEOPLE SAY, WELL, I WENT TO DALLAS AND I HAD THIS GREAT MEAL AND THE SERVICE WAS IMPECCABLE. WELL, WE COULD DO THAT TOO. AND THERE ARE NO GUARANTEES, BUT I WOULD THINK THAT A REALLY GOOD PARTNER FOR THIS PROJECT WOULD BE THE MARRIOTT. RIGHT? THAT WOULD MAKE SENSE. SO WE BELIEVE IN MAKING SENSE. SO WITH THAT SAID, KEEP IN MIND THAT FOR THIS 35 MILLION, THAT PROGRAM IS ONLY A PART OF IT. THAT'S A PART WE'RE GOING TO WE'RE RUNNING OUT OF SPACE ON CAMPUS. WE'RE NOW SERVING OVER 10,000 ABOUT TO APPROACH 4000 STUDENTS IN A IN ONE OF OUR LONG SEMESTERS. SO WE HAVE RUN OUT OF SPACE. SO WE

[01:45:06]

YOU WILL HAVE 2 TO 3 FLOORS OF PEOPLE TEACHING BUSINESS CLASSES, ACCOUNTING CLASSES, ETC. IN THIS SPACE YOU WILL HAVE BUSINESSES ON THE GROUND FLOOR. WE ALREADY HAVE OUR FIRST TENANT WHO'S AGREED TO BE A PART OF THIS SPACE. SO AND WE WILL HAVE WHAT, 8 OR 9 DIFFERENT TENANTS THAT WILL BE A PART OF THIS, PLUS SOME SPACE FOR STUDENTS TO LEARN HOW TO START A BUSINESS IN THIS SPACE. SO IT'S REALLY EXCITING AND A WONDERFUL OPPORTUNITY. SO ONCE WE MOVE THOSE INDIVIDUALS FROM THIS SPACE, ALYSSA WILL TALK ABOUT WHAT THE SECOND PHASE OF THE PROJECT. YEAH. SO AS YOU CAN SEE, WE HAVE A TREMENDOUS AMOUNT OF STUDENTS. ALMOST A THOUSAND STUDENTS ARE IN THE BUSINESS PROGRAMS BASED ON THE MOST RECENT ENROLLMENT. THOSE STUDENTS WOULD MOVE INTO THIS NEW DOWNTOWN BUILDING, WHICH OPENS UP SPACE. SO IF YOU TURN THE PAGE THAT BRINGS US TO OUR NEXT PROJECT WAS WITH, WHICH IS THE ADVANCED WELDING LAB. YOU CAN YOU CAN ALSO SEE BASED ON ENROLLMENT. WELDING IS ONE OF OUR MOST PRESTIGIOUS, MOST IMPORTANT PROGRAMS THAT WE OFFER HERE AT ODESSA COLLEGE BASED ON THE INDUSTRY THAT WE SERVE AND THE REGION THAT WE SERVE. THIS IS A VERY IMPORTANT PROGRAM THAT WE OFFER.

CURRENTLY, WE HAVE OUTGROWN OUR CURRENT SPACES. WE DO NIGHT CLASSES. WE DO MONDAY THROUGH FRIDAY CLASSES. WE DO WEEKEND CLASSES. MUHAMMAD IS ACTUALLY THE DEAN FOR THE SCHOOL OF BUSINESS AND INDUSTRY, PREVIOUSLY SERVING AS THE CHAIR FOR OUR WELDING AND PRECISION MANUFACTURING PROGRAM, WHERE HE WAS THE INSTRUCTOR OF THE YEAR NATIONALLY. YES. SO, I MEAN, AMAZING PERSON RUNNING THIS PROGRAM. SO BY MOVING THE BUSINESS OPERATION, THE BUSINESS PROGRAMS DOWNTOWN, WE NOW HAVE SPACE. WE WOULD CREATE AN ADVANCED WELDING LAB. AND THAT IS WHERE THE ADDITIONAL $4 MILLION COMES IN FOR ALL OF THE EQUIPMENT. AND NOT JUST MORE SPACE, BUT ADVANCED TECHNOLOGY, ADVANCED EQUIPMENT, ROBOTIC TYPE EQUIPMENT THAT WE CURRENTLY DON'T OFFER. AND IN TALKING WITH ADVISORY BOARDS AND THINGS LIKE THAT, THIS IS VERY EXCITING FOR OUR INDUSTRY TO THINK ABOUT, NOT ONLY MORE, BUT ALSO A HIGHER QUALITY, THOSE ADVANCED SKILLS THAT WE CURRENTLY CAN'T OFFER. SO THAT IS WHAT THIS ALSO ADDS TO.

ODESSA COLLEGE IS MORE SPACE TO DO REALLY IMPACTFUL WORK THAT DIRECTLY IMPACTS THE WORKFORCE OF ODESSA, OF ODESSA. QUESTIONS ABOUT THAT? OKAY, SO THE THIRD PROJECT, WHICH IS, IS NEW AND WE SHARED THIS WITH COMPLIANCE AND WE SHARED IT WITH TOM. THIS IS SOMETHING THAT IS INCREDIBLY EXCITING. IT IS A NEW OPPORTUNITY. AND AS YOU CAN SEE, THIS ADDS $4.5 MILLION. ODESSA COLLEGE HAS THE OPPORTUNITY TO ACQUIRE SPACE IN THE CITY THAT IS VERY EASY TO EASY TO ACCESS, A LARGE AMOUNT OF SPACE WITH EXISTING INFRASTRUCTURE ON IT. THIS WOULD BE A LOT MORE PLUG AND PLAY FOR ODESSA COLLEGE, AND WE ENVISION THIS BECOMING A WORKFORCE CREDENTIALING HUB, A MICRO CREDENTIALING HUB. WE WOULD ALMOST IMMEDIATELY, WITH JUST A LITTLE BIT OF CLEANUP WORK, BE ABLE TO OFFER DOUBLE CDL, CLASS B, CDL. WE WOULD BE ABLE TO EXPAND A LECTURE ELECTRICAL SCHOOL. WE WOULD BE ABLE TO ADD AUTO BODY AND ADD MORE CONSTRUCTION TYPE COURSES ALL IN THIS NEW FACILITY. SO THIS IS TRULY SOMETHING THAT WE COULD TURN AROUND QUICKLY, AND YOU WOULD SEE A DIRECT ROI AND A REALLY IMPACTFUL. THIS MORNING AT THE APPRENTICESHIP CONFERENCE, WE HEARD ALL OF THESE INDUSTRIES ELECTRICAL CONSTRUCTION, HEAVY EQUIPMENT OPERATOR ALL OF THESE ARE EMERGING REALLY, REALLY POWERFUL NEED. THE NEED IS HUGE.

AND WE WOULD BE ABLE TO OFFER THAT IN A REALLY QUICK WAY. DO YOU WANT TO ADD TO THAT, DOCTOR WILLIAMS? YES. THIS MORNING I WAS AT A I'VE BEEN TO A NUMBER OF EVENTS AND CONFERENCES TODAY.

I STARTED IN MIDLAND WITH THE UT PERMIAN BASIN WATER CONFERENCE, WATER AND ENERGY CONFERENCE, AND RAY PERRYMAN WAS WAS ONE OF THE PRESENTERS. AND RAY SAID THAT USING THE CURRENT TECHNOLOGY OF EXTRACTION. WITH FRACKING, WE'VE ONLY REACHED ABOUT 8% OF THE. THE AVAILABLE OIL THAT'S IN THIS AREA. AND HE TALKED ABOUT 100 MORE WORKERS ARE GOING TO BE NEEDED. AND THAT BIG PUSH. SO WE HAVE A LOT OF WORK TO DO. WE. YOU WILL SEE ODESSA COLLEGE IN A FALL SEMESTER AT SOME POINT, SERVING 20,000, 25,000 STUDENTS. AND AGAIN, WHEN WE SAY TEN, THAT'S ON THE CREDIT SIDE. WE'RE GOING TO DO A WHOLE LOT MORE ON THE CONTINUING EDUCATION SIDE, ESPECIALLY WITH THIS NEW WORKFORCE HUB. SO THE NUMBER OF STUDENTS WE'RE SERVING OVERALL IS GOING TO PICK UP EVEN MORE. WE'RE ALREADY ONE OF THE BEST IN THE UNITED STATES. WE'VE GROWN. WE'VE GROWN EXPONENTIALLY, BUT WE NEED TO DO MORE. WHEN I STARTED HERE IN 2007, THE CHAMBER OF COMMERCE, ODC, OUR CITIZENS, WE WANTED

[01:50:02]

IN TERMS OF THE HOUSE THEY MENTIONED WE WILL DEFUND ODESSA COLLEGE, BUT THEN THAT WE FOUGHT, THAT WE PUSHED FORWARD AND WE SAID, WE'RE GOING TO BECOME THE BEST COMMUNITY COLLEGE IN THE UNITED STATES. AND IF YOU DEFUND ODESSA COLLEGE, YOU DEFUND THE BEST COLLEGE IN THE COUNTRY. AND IF YOU LOOK AT YOUR INFORMATION, YOU CAN SEE THAT WE BELIEVE WE'VE BECOME THAT, BUT WE CAN DO EVEN MORE. AND YOU'VE BEEN A PARTNER. TO ME, THIS IS LIKE A NASCAR RACE. EVERY NOW AND THEN WE COME IN, WE NEED A LITTLE FUEL AND WE'RE COMING BACK TO YOU FOR A LITTLE MORE FUEL. AND WE JUST KEEP DRIVING AND GETTING IT DONE. AND WE HAVE THE RESULTS. THEY'RE IN FRONT OF YOU. WAS THIS WORKFORCE HUB PART OF THE GRANT APPLICATION? NO. IT CAME AFTER. IT WAS. YEAH. BUT IT IS BEING ADDED. OR IS THIS JUST ANCILLARY INFORMATION BEING ADDED? WE TALKED TO TOM ABOUT HOW TO DO THAT AND HE SAID WE'D GO THROUGH THIS. BUT WE DO WANT TO ADD IT BECAUSE WE WANT THIS TO BE A PART OF OUR PARTNERSHIP WITH YOU. THAT'S PART OF THE FOUR AND A HALF THAT YOU'VE ADDED ON. YOU'RE PAYING FOR. THE TOTAL IS 48.5 NOW 48, SAME 10 MILLION OVER THE FOUR. OKAY. BECAUSE WE'VE GOT 44 PLUS THIS FOUR AND A HALF. YES, 48.5. RIGHT. OUTSTANDING LOOKING BUILDING. I GOT A QUESTION. PARKING THAT.

YEAH. YES. PEGGY DEAN WOULD BE AN EXPERT IN THAT AREA FOR US, BUT WE WILL BE A PART OF THE, WE WILL TAKE ADVANTAGE OF THE PARKING THAT WILL COME WITH THE DOWNTOWN COURTHOUSE PROJECT.

AND WE'VE TALKED THE THREE ENTITIES LIBRARY COUNTY, US. WE'RE WORKING TOGETHER. SO THAT'S THAT WAS A REALLY IMPORTANT TOPIC FOR US. AND WE FEEL COMFORTABLE. OKAY, THIS SIX STORY BUILDING WILL YOU KNOW WHERE IT'LL BE? AND YOU KNOW, IT'S GOING TO BE PART OF THAT FOUR MEGA BLOCK THING THAT'S GOING TO HAVE THE COURTHOUSE AND PARKING AND THE LIBRARY AND, YOU KNOW, MAYBE SOME WILD ANIMALS, BUT THAT'S ANOTHER STORY. SO TIMING ON PAYOUTS, WE WOULD LIKE THE MONEY SOONER RATHER THAN LATER. AS YOU GUYS, AS YOU KNOW, THE LAST PROJECT YOU DID WITH US WAS THE WOOD HEALTH SCIENCES BUILDING, WHICH HAS BEEN A TREMENDOUS SUCCESS. WE'RE PROBABLY THE THE BEST WE PROBABLY ALYSSA MAY AGREE OR NOT, BUT I THINK OVERALL, WHEN YOU TALK LVNS RN, BSN, I THINK WE HAVE THE BEST NURSING OPERATION IN THE IN THE PERMIAN BASIN, PRODUCING MANY MORE NURSING NURSES THAN ALMOST ANYONE ELSE. WOULD YOU AGREE? ALICE'S A NURSE, SO SHE HAS TO HOLD ME ACCOUNTABLE THAT BUT WE HAVEN'T RECEIVED MONEY ON THAT. AGAIN, WE'RE THANKFUL FOR WHAT YOU'VE DONE TOMORROW. YES. I WON'T BE ABLE TO SAY THAT AFTER TOMORROW. IT'S OFFICIALLY RESTRICTED, SO THE SOONER THE BETTER. WE, YOU KNOW, THE SOONER THE BETTER. AND AGAIN, I THINK THAT THAT CAN ALSO COME INTO PLAY WHEN WE TALK ABOUT THE WORKFORCE HUB, AS I MENTIONED, THAT'S CURRENTLY IN THE WORKS AND THAT COULD BE OPERATIONAL, YOU KNOW, BY THIS TIME NEXT YEAR. SO THAT MAY BE THE FUNDING FOR THAT PROJECT COULD COME SOONER. AND THEN THE WELDING LAB COULD FOLLOW THAT.

AND THEN THAT FUNDING COULD COME SOONER. OBVIOUSLY, CONSTRUCTION TAKES LONGER. SO THAT ROI, THAT COMPLIANCE CAN'T HAPPEN. BUT THE WORKFORCE HUB AND THE WELDING, THAT CAN HAPPEN MUCH QUICKER. SO IF WE BASE IT OFF OF COMPLIANCE, I THINK WORKFORCE HUB, YOU'RE GOING TO BUY IT. IT'S ALREADY STANDING AND IT'S STANDING. WE'RE GOING TO WE'RE WE WILL NEED TO PUT ABOUT $1 MILLION INTO IT TO MAKE IT. SO THE PURCHASE PRICE IS THREE AND A HALF, 4 MILLION AND A HALF. AND YOU'RE GOING TO SPEND ANOTHER MILLION THREE. WELL, THREE, 3.5, 3.6 IS THE PURCHASE PRICE CLOSE ON THAT. WE'RE HOPEFUL WITHIN THE NEXT MONTH IS WHAT WE'VE BEEN TOLD. BUT WHAT WE WOULD ASK YOU IS IF WE WERE ABLE TO STAND THAT UP IN A YEAR, THEN COULD WE COME TO YOU FOR THAT FIRST PHASE? THEN WE DON'T WANT YOU TO GIVE US ANYTHING BEFORE WE WE'RE READY TO OPERATE. AND THEN THE NEXT ONE, ONCE WE GET THE ADVANCED WELDING AREA, WE'D COME TO YOU FOR THAT FOR A PORTION OF THAT FUNDING. SO WE WOULD STILL GIVE YOU THE PRODUCT BEFORE WE ASK FOR THE FUNDING. I'M JUST THINKING IF THAT'S GOING TO BE SOONER THAN THE OTHER DEAL, MAYBE YOU FUND PART OF IT BASED ON THAT. YEAH, WE WOULDN'T HAVE TO SAY THE 10 MILLION IS FOR THE IS FOR THE BUILDING. WE CAN ALLOCATE THAT. HOWEVER, I MEAN, YES. YEAH. AND IT'S, IT'S JUST GOING TO HAVE TO DO ON HOW THE CONTRACT AND THE COMPLIANCE OF THE CONTRACT IS STRUCTURED. AS LONG AS IT'S ALLOWED. YOU KNOW, TODAY WHAT WE WERE LOOKING AT IS THE COMPLIANCE MEASURES LAID OUT IN THE CONTRACT. AND IF, HOWEVER, WE PAPER IT UP, FUNDING THE MILLION THAT'S IN OUR RESTRICTED UTPB AND AUSSIE AND TEXAS TECH, WE'VE WAITED UNTIL THEY'VE BUILT IT BEFORE WE FUNDED IN THE PAST, AND THAT WOULD BE THE CASE WITH THESE.

YOU'D STILL BE DOING THAT? YES, YES. BUT I'M THINKING IF THEY'RE GOING TO BUY THIS NEW BUILDING, YOU COULD FUND THAT PRETTY QUICK AND GIVE THEM PART OF THEIR MONEY. YEAH, I'M JUST

[01:55:03]

SO YOU THINK ABOUT THESE DRIVERS, YOU KNOW, AND GETTING CDL LICENSES. AND I JUST, I, I GUESS WHAT I'M SAYING IS I REALLY APPRECIATE THE PRACTICALITY OF WHAT YOU'RE DOING AND I APPRECIATE THE CIVIL ENGINEERING, JOHN, THAT YOU THAT UTPB IS DOING AS WELL.

BUT I THINK IT'S JUST GREAT THAT WE'RE JUST COVERING SO MANY DIFFERENT PEOPLE IN WORKFORCE TRAINING BECAUSE WE NEED ALL OF IT. IT'S THE FUTURE, RIGHT? WE NEED ALL OF IT. WE'VE GOT TO HAVE IT. YEAH. OKAY. YEAH. SO ARE WE MAKING THE DECISION ON SCHEDULING AND PAYING RIGHT NOW AS WELL? I THINK I THINK WE NEED TO MAKE SOME KIND OF SCHEDULE. OKAY. SO IF WE, IF WE VOTED TO ALLOCATE THE $10 MILLION BETWEEN THE WORKHUB AND THE WELDING, IS THAT WHAT YOU SAID, THE TWO THAT WOULD BE YOU COULD DO THE QUICKEST. YES, YES. WOULD WE NEED TO WE WOULDN'T WANT TO TAKE THE 10 MILLION DIVIDED BY FIVE YEARS AND 2 MILLION A YEAR IF WHAT THEY'RE NEEDING FOR THE HUB ISN'T A FULL 2 MILLION, WE WOULD WANT TO DO SOME KIND OF.

WELL, THE HUB'S GOING TO BE THE HUB WAS GOING TO BE THE HUB'S GOING TO BE 4.53, A THREE POINT A 4.6, 3.6 TO GET INTO IT, TO BUY IT AND THEN ANOTHER MILLION TO BRING IT UP. WOULD IT BE FEASIBLE TO DO IT OVER A TWO YEAR SPAN? WE'RE GOING TO TRY TO DO IT IN ONE TO PAY US OVER.

IF YOU WOULD DO THAT, WE WE'RE FLEXIBLE. WE'D LOVE THAT. WE'RE GOING TO TRY TO HAVE IT OPERATIONAL IN A YEAR. THAT'S OUR GOAL. ONCE WE CLOSE ON IT. YOU'RE TALKING ABOUT GIVING THEM THE SECOND FIVE BEFORE THEY GET STARTED ON THE OTHER BUILDING. NO, I'M TALKING ABOUT GIVING THE FIVE UP FRONT, FRONT BUILD THE BUILD THE PROPERTY. THEN FIVE WANTS THE OTHER ONES COMPLETED ON THE WELDING, WELDING DONE. YEAH. I THINK WE COULD COMMIT TO THE 10 MILLION TO BE PAID OVER TWO YEARS AND BE ALLOCATED BASED ON PROGRESS. YES I AGREE, THERE YOU GO.

PERCENTAGE COMPLETION THREE YEARS. THREE YEARS. WOULD IT BE THREE? THE CITY IS GOING TO TAKE SOME MORE. WILLIAMS PROBABLY OKAY FOR IT. ONCE YOU INCLUDE THE BUILDING, THE THE BEAUTIFUL, THE BIG BEAUTIFUL. AND THERE WOULD BE A PIECE THAT'S GOING TO TAKE SOME TIME.

BUT THOSE OTHER TWO, WE CAN DO THEM MORE QUICKLY. AND IF YOU WOULD ALLOW US TO TAKE THE FUNDING THAT WE WOULD NEED FOR THOSE TWO FIRST, THEN WE'D BE OKAY WITH WAITING A LITTLE LONGER FOR THE LAST PIECE OF IT. SO IT MIGHT BE SOMETHING LIKE A 4 OR 4. AND IF WE DID A FIVE, TWO, FIVE, TWO, FIVE, TWO AND A HALF, TWO AND A HALF, WE WOULD AGAIN THREE YEARS THAT WAY.

YEAH, FIVE, TWO AND A HALF, TWO AND A HALF. I WOULD LOVE THAT. THAT FIVE TWO AND A HALF IN THE.

THAT'D BE GREAT. FIVE TWO AND A HALF, TWO AND A HALF WOULD BE OUTSTANDING. OKAY. SO YOU'D FIND THE FIRST FIVE WHEN THEY CLOSE ON THE BUILDING. THE FIRST BUILDING, RIGHT. IS THAT THE MOTION. AND THEN TWO AND A HALF A YEAR LATER, TWO AND A HALF FOR THE NEXT TWO YEARS, AND THEN TWO AND A HALF, TWO YEARS LATER, RIGHT. IF THEY'RE IF THEY'VE GOT STARTED ON THE OTHER BUILDINGS. THAT'S CORRECT. RIGHT. DO WE NEED TO DISCUSS PERCENTAGE COMPLETION OR ANY KIND OF COMPLIANCE MEASURES HERE? WELL, FOR THE NEXT TWO AND A HALF AND TWO AND A HALF, WE'RE GOING TO FUND THE BUILDING AND HOPE THEY GET IT GOING ONCE THEY GET IT BUILT. I MEAN, THE STRUCTURE IS TOTALLY DIFFERENT THAN WHAT WE DID ON WHAT WE'VE DONE IN THE PAST. SO I'M ASKING, I THINK I THINK IF WE GAVE THEM ENOUGH MONEY IN THE FIRST TWO YEARS TO COMPLETE THOSE TWO PROJECTS THAT YOU CAN GET DONE WITHOUT THE BUILDING EVEN STARTING, AND THEN MAYBE THE SO, SO LIKE FIVE AND TWO AND A HALF. AND THEN THAT LAST TWO AND A HALF, MAYBE FUND THAT AFTER YOU'VE STARTED CONSTRUCTION, YOU KNOW? YEAH. ON THE DOWNTOWN BUILDING. I'M GOOD WITH THAT BECAUSE YOU'RE NOT I MEAN, THEY'RE VERY FISCALLY RESPONSIBLE. YOU'RE NOT WE'RE NOT GOING TO GET TWO AND A HALF IN. AND YOU SAY KING'S EX, WE'RE NOT DOING IT.

AND WE HAVE A WE HAVE A TRACK RECORD WITH YOU. YOU'RE NOT GOING ANYWHERE. IT'S A PARTNERSHIP. YOU'RE NOT GOING ANYWHERE. HOW OLD ARE YOU, GREG? WHEN ARE YOU GOING TO RETIRE? SO YOU'RE NOT SUPPOSED TO ASK THOSE QUESTIONS. WELL, THIS IS BEING RECORDED. RECORDED? NORMA HAS ME SPEAKING INTO THE MIC. WE WANT TO DO THIS FOR 30 YEARS. HAVE I NOT EVER ASKED YOU ANYTHING I WANTED TO ASK YOU? THAT IS TRUE, SIR. SO I HEAR A MOTION THAT WE'RE GOING TO DO $10 MILLION. 5 MILLION WHEN THEY BUY THE NEW BUILDING. 250 THE 2.5 THE YEAR AFTER, AND

[02:00:03]

THANK YOU, THANK YOU. WE HAVE A. WE HAVE TO LEAVE, IF YOU DON'T MIND. NO. THANK YOU. OKAY. THE

[12. Discuss and consider a grant request from Team Refurb and Support, LLC to purchase property and build a facility for equipment manufacturing, refurbishment, and service shop]

I HAVE TO GO REALLY FAST BECAUSE MY WIFE'S IN MIDLAND AND I'M SUPPOSED TO FEED THE DOG BEFORE THE EVENING MEETING, SO THE DOG WON'T TELL ON, YOU KNOW, BUT SHE'LL LET ME KNOW THAT I WAS LATE. SO. YEAH, PROJECT DRAGONSLAYER, IT'S ACTUALLY TEAM REFURB IS THE NAME OF THE COMPANY AND THEY ARE A LOCAL COMPANY. THEY OPERATE CURRENTLY LEASING SPACE AT 6510 BOULDER AVENUE. AND WE ALSO HAVE RICHARD WERNER HERE WITH TEAM REFURB. SO IF YOU HAVE ANY QUESTIONS AFTER I SPEAK, BUT THEY ARE PLANNING TO DO WHEN I MET WITH THEM, WAS IT OVER A YEAR AGO? WAS OVER A YEAR AGO. WHEN WE FIRST STARTED TALKING. THEY WERE TALKING ABOUT THEY WANTED TO BECOME COMMITTED TO ODESSA, DIDN'T WANT TO LEASE ANYMORE, WANTED TO TO HAVE SOMETHING THEY OWNED, AND THEY WERE LOOKING AT PROPERTIES AND EVERYTHING. AND THEN WE KEPT IN CONTACT. AND THEN I THINK PROBABLY FOURTH QUARTER OF 25, THEY, THEY MADE A DECISION TO MOVE FORWARD AND, AND DO A PROJECT YOU'RE SEEING IN THE PACKET IN FRONT OF YOU, THEY'RE TALKING ABOUT SPENDING ANYWHERE FROM. WE LOOKED AT TWO DIFFERENT FACTORS. COMPLIANCE COMMITTEE DID FACTOR SIX AND FACTOR SEVEN. THEY APPROVED GOING WITH EITHER ONE DEPENDING ON WHAT THE EXPENSES WERE, THE CAPEX AND THE PAYROLL AND EVERYTHING. FOR TEAM REFURB. IT LOOKS LIKE IF THEY'RE GOING TO BUILD, WHICH IS WHERE THEY'RE LEANING NOW, CORRECT IN SAYING THEY'VE IDENTIFIED A COUPLE OF SITES THAT ARE IN THE ECTOR COUNTY IN THE ODESSA ETJ. AND AND SO THAT WOULD WE ANTICIPATE THAT WOULD PUT THEM IN THE FACTOR SEVEN LEVEL, WHICH I ACTUALLY, BECAUSE I ACCIDENTALLY DIDN'T GIVE THAT TO THE CITY TO PUT THAT IN YOUR PACKET, BUT I DID BRING A COPY OF WHAT A 7TH MAY LOOK LIKE. THANK YOU. AND THAT FACTOR, JUST FOR EVERYBODY'S INFORMATION, IS JUST BASED ON THE AMOUNT SPENT. JUST CAPEX, CAPEX, AND IT'S CAPEX. AND THERE'S ALSO THE PAYROLL NUMBER OF EMPLOYEES. AND THE THE EMPLOYMENT. WELL, LET ME GET BACK TO THE MUCH EARLIER. OBVIOUSLY, THE EMPLOYMENT WOULD BE THE SAME WITH EITHER FACTOR. SO LIKE WHAT PEGGY SAID, THE DIFFERENCE IS THE CAPEX. AND SO IT IS ANTICIPATED THAT THEY WOULD GO UP IF YOUR NOTICE FACTOR SEVEN, THAT WOULD BE $5,000,001 UP TO $10 MILLION IN CAPEX. THIS ONE HAS, AS WE STARTED TALKING, AT SOME POINT, THEY THEY ACTUALLY LOOKED AT SOME MIDLAND SITES. WE TOLD THEM, YOU CAN'T DO THAT. BUT WHAT THAT DID, THAT ALSO KICKED IN THE POTENTIAL FOR RETENTION GRANT. SO WE FACTORED THAT IN THE MATRIX. AND YOU'LL SEE THAT THEY HAVE THEY'RE GOING TO RETAIN 47 JOBS WITH A PAYROLL ANNUAL PAYROLL OF $2,580,000. THEY'RE GOING TO CREATE 36 NEW JOBS WITH AN ANNUAL PAYMENT OF 3,000,894, AND CHANGE NEW ANNUAL PAYROLL. AND IT'S FUNNY, YOU TALKED ABOUT WELDING WITH THE LAST PRESENTATION. IF YOU NOTICE ON THE RETAINED JOBS, THEY'RE GOING TO RETAIN EIGHT WELDERS. AND ON THE NEW JOBS, THEY'RE GOING TO CREATE FIVE NEW WELDERS. AND SO COMPLIANCE IS RECOMMENDING AT THE FACTOR SEVEN, THEY RECOMMENDED IT AT 60% $2,880,000 873 EXCUSE ME,

[02:05:04]

THEY'VE INDICATED THEY'RE GOING TO THEY'RE THEY'RE GOING TO BUILD. SO WE WOULD THAT WOULD BE IN THE AGREEMENT THAT YOU KNOW. RIGHT. BUT RIGHT NOW WHAT WE HAVE IS $3.5 MILLION BILL.

RIGHT. AND OUR PACKAGE WAS LESS. YEAH. BECAUSE THEY WERE LOOKING AT MAYBE BUYING A BUILDING, POTENTIALLY THE ONE THEY'RE CURRENTLY IN, BUT THEY'VE DECIDED TO, TO LOOK AT BUILDING NEW. OKAY, SO WE'VE, WE'VE GONE THROUGH COMPLIANCE. WE'VE GOT THE MATRIX. IT WENT THROUGH COMPLIANCE, ASSUMING THEY WERE GOING TO BE BUYING. AND THE ONLY CHANGE THAT WE'RE DISCUSSING AS FAR AS COMPLIANCE WISE IS WE'RE BUYING AT A HIGHER CAPEX, WHICH CHANGES THE NUMBERS. WELL, COMPLIANCE ACTUALLY CONSIDERED BOTH SIX AND SEVEN, KNOWING THAT THAT BUILDING WAS POTENTIAL. AND YOU ONLY HAD SIX IN YOUR PACKET, THAT WOULD BE ON ME. IT'S ONLY $11,000 DIFFERENCE TO ME BETWEEN 2,000,869 AND 2,000,880. SO IT'S NOT A THOUSAND, BUT IT'S NOT LIKE IT'S SIGNIFICANTLY MORE MONEY. I THINK THE THING THAT'S THE MOST APPEALING TO HEAR IS THE BENEFIT OF THEM STAYING HERE AND RETAINING THOSE JOBS.

THAT'S THE THAT'S THE MOST IMPORTANT THING TO US, I THINK. AND I'D LIKE TO POINT OUT. GOOD AFTERNOON EVERYONE. MY NAME IS RICHARD WAGNER. PLEASURE TO BE HERE AND PLEASURE TO MEET YOU.

THANK YOU, TOM, FOR THE SUMMARY. WE PRIMARILY DO OIL FIELD EQUIPMENT, BUILDING EQUIPMENT, AND MOST OF OUR LARGE COMPETITORS THAT DO THAT ARE AT DFW OR HOUSTON. THERE AREN'T A LOT OF FOLKS THAT HAVE BEEN ABLE TO PULL THAT OFF HERE IN MIDLAND-ODESSA. IT IS SLIGHTLY MORE EXPENSIVE TO OPERATE OUT HERE FROM A FROM A WAGE STANDPOINT, BUT WE'VE BEEN ABLE TO OVERCOME THAT, FORTUNATELY, AND LOOK FORWARD TO CONTINUE OUR GROWTH IN ECTOR COUNTY. AND DO YOU AND YOU PRIMARILY MANUFACTURE NOT REPAIR YOU BUILD FROM. WE DO BOTH. YES, MA'AM. YOU DO BOTH. OKAY. OKAY. SO MOST OF THE EQUIPMENT THAT YOU'RE REFURBING, IS IT RIGHT FROM LOCAL AREA HERE OR SHIPPED IN HERE OR WHAT IS IT? IT'S MOSTLY FROM OUR OILFIELD SERVICE COMPANIES THAT ARE IN MIDLAND-ODESSA. OKAY. IS THERE A TIMELINE ON THE EXPECTED NEW JOB CREATION? THE 36 JOBS CREATED? WE'VE I THINK THE WHEN I INITIALLY SUBMITTED THE APPLICATION FOR Q OF LAST YEAR, I THINK WE WERE AT 44 EMPLOYEES. WE'VE ALREADY STARTED. I THINK WE'RE AT 55 AS WE STAND HERE TODAY. OKAY, SO YOU'VE ALREADY EXCEEDED THE 47. SO WE'RE POTENTIALLY RETAINING EVEN MORE JOBS POTENTIALLY. YES. OKAY. AND YEAH, OUR OUR INTERNAL TIMELINE IS HOPEFULLY BY THE END OF THIS CALENDAR YEAR, WE'VE GOT PROPERTY PURCHASED AND FACILITY BUILT ALREADY LOOKING AT MULTIPLE PLOTS OF LAND, ALREADY HAVE A GENERAL CONTRACTOR LINED UP AND OUR BANK IS SOUTHWEST BANK HERE IN ODESSA FOR THE FINANCING. AND I'LL MENTION THAT I'VE GOT AN EMAIL REQUEST FROM THEM RECENTLY. RICHARD JUST SENT IT TO ME. YOU KNOW, THE YOUR LAST ODK MEETING, YOU DIDN'T HAVE A QUORUM AND DIDN'T MEET. AND SO HE SAID, HEY, WE FACTORED IN THE EMPLOYEES WE RECENTLY JUST HIRED INTO THAT APPLICATION. IS THERE ANY WAY TO GET CREDIT FOR THAT AS WE MOVE FORWARD WITH THE GRANT? AND I TOLD THEM I'D PASS THAT INFORMATION ON TO THE TO THE ODK BOARD. IT LOOKS LIKE WE'RE. I MEAN, IF I'M THINKING RIGHT, WE'RE GIVING THEM CREDIT, THE SAME CREDIT FOR THE NEW JOBS IN THE. ISN'T THAT WHAT THIS IS SAYING? THE RETENTION IN THE NEW JOBS. YOU'RE BASICALLY GETTING IT. WHETHER YOU'VE HIRED THEM YET OR NOT. YOU JUST HAVE TO HAVE THE NEW JOBS BY THE, BY THE END OF THE FIRST YEAR WHEN WE'RE AUDITING YOU FOR YOUR FIRST PAYMENT. SO SINCE THE FACTORS ARE THE SAME AND WE'RE CONSIDERING BOTH OF THEM, THEY'RE ALREADY GETTING CREDIT, AREN'T THEY? CORRECT.

YEAH. THEY ARE FOR YOU JUST HAVE TO HAVE IT ALL DONE BY THE TIME THE FIRST YEAR IS UP. OKAY.

THAT SHOULD THAT SHOULDN'T BE A PROBLEM. I FEEL LIKE WE'RE WE'VE GOT BIG GROWTH PLANS AND WE'VE ALREADY KIND OF STARTED. HOW LONG DOES IT TAKE TO BUILD THE BUILDING. IT DEPENDS ON, I THINK THE AVAILABILITY OF STEEL. AS LONG AS NOTHING CRAZY HAPPENS. IT'S CRAZY IN OTHER PARTS OF THE WORLD, BUT IT'S IF WE'RE IN THE COUNTY, WHICH IS THE PLAN, NOT THE CITY, BUT THE COUNTY, IT'S LIKE A 6 TO 8 MONTH BUILD. SO IT MAY TAKE A LITTLE MORE THAN A YEAR. YEAH,

[02:10:01]

AND IMPACT. BASICALLY WHAT WE FEEL LIKE THE IMPACT CAN BE. AND THEY CONSIDER DIFFERENT THINGS DIVERSITY WITH EMPLOYMENT, THINGS OF THAT NATURE CONSIDERED TYPES OF JOBS PAYMENT. RIGHT, RIGHT. SO COMPLIANCE IS SUGGESTING WE DO THE 60%. THAT'S THAT'S WHAT 60% BASED ON SEVEN FACTOR. YEAH. IS WHAT YOU'RE THINKING 2.8 AND ITS PERFORMANCE BASED. SO LIKE, LIKE YOU MENTIONED, THEY WOULD HAVE TO GO, YOU KNOW, THROUGH A COMPLIANCE AUDIT AND HAVE TO, YOU KNOW, MEET THE WHAT THEY SAID THEY WERE GOING TO MEET, RIGHT? SO AFTER THE BUILDING'S COMPLETED, THEN THEIR TIME STARTS. AND THEN A YEAR OR SO AFTER THAT, WE DO THE AUDIT AND THEN WOULD PAY THEM ONE FIFTH OF WHAT WE'RE PAID WOULD PAY IT OUT OVER FIVE YEARS BASED ON COMPLIANCE, RIGHT? TYPICALLY IT'S BASED ON, YEAH, THERE'S AN EXECUTION DATE. AND THEN AND THEN WE, YOU KNOW, BUT THAT'S MORE OR LESS. YEAH. NOW Y'ALL, YOU KNOW, WE HAD A COMPANY HERE TWO MONTHS AGO AND YOU CHOSE TO GO THREE YEARS, YOU KNOW, YOU KNOW, HOW THE PAYOUT IS HANDLED IS REALLY UP TO THE BOARD. IT'S UP TO US. IF I REMEMBER CORRECTLY, THREE WAS MORE TYPICAL THAN FIVE. FIVE WAS A LONG ONE, WOULDN'T IT. WHY DON'T WE DO REVIVES? DID WE DO MORE? I THINK FIVE IS A LONG TIME. FIVE IS MORE COMMON. CURRENTLY WE DID MOSTLY FIVE.

WE DID THAT THREE BECAUSE IT WASN'T VERY MUCH MONEY. THAT'S EXACTLY RIGHT. MAYBE I'M JUST REMEMBERING THAT WRONG. YEAH, I WAS GOING TO TAKE IT. IT WAS GOING TO DRAG IT OUT LONGER THAN IT NEEDED TO BE. OKAY. SO DOES ANYBODY HAVE A MOTION OF WHAT LEVEL YOU WANT TO FUND THIS DEAL AT? ANY MORE QUESTIONS OF THE I MOVE THAT WE FUNDED AT 60% BASED ON A FACTOR OF SEVEN WITH A FIVE YEAR PAYOUT. SECOND. ALL IN FAVOR? AYE. ANY OPPOSED? IT LOOKS LIKE YOU GOT IT, SIR. THANK YOU FOR. THANK YOU FOR CHOOSING ODESSA. ABSOLUTELY. THANK YOU ALL. YES.

THANK YOU. APPRECIATE IT. THANK YOU FOR BRINGING EMPLOYEES TO US. YEAH. THAT'S THE YEAH. THIS IS A REAL GOOD, REAL GOOD PROJECT. THE LAST THING WE HAVE IS A DOWNTOWN GRANT. IT'S A

[13. Discuss and consider a request from Abe Medical, PLLC for a downtown façade grant]

OH I SEE THESE FIRST TWO PART OF THE REQUEST IS WHAT THEY THEIR ACTUAL EXPENSE WAS $6,663.73. SO ALL WE'RE SAYING IS THEY'RE GOING TO THE SIGNAGE IS ALL WE'RE GOING TO FUND.

THAT'S ALL THAT QUALIFIED ACCORDING TO THE THE POLICY. AND WE WENT THROUGH IT. I MEAN THERE WERE A LOT OF THINGS. THERE WERE FACADE. THIS WAS REALLY ABOUT ALL THEY HAD ON

[02:15:02]

THAT'S WHAT SHE WROTE. I GUESS I'M JUST READING THIS PACKAGE. WELL, THEY HAVE TO GIVE US THE THE INVOICE. SO APPARENTLY SHE MAY HAVE GOTTEN A QUOTE. SO I JUST ALL THAT'S IN HERE. YEAH.

THAT COULD HAVE BEEN A QUOTE. I MEAN THAT WAS IF IT'S A MEDICAL PRACTICE THEY PROBABLY NEED A RAMP. BUT THAT'S JUST MY THOUGHT BECAUSE I ACTUALLY LOOKING AT THE PICTURE DRIVING BY THERE, I DON'T EVEN REMEMBER SEEING A RAMP. I'M SURE PROBABLY AT SOME POINT THEY HAVE TO HAVE ONE. BUT WITH REGARDS TO THE ITEMS SUBMITTED FOR INFRASTRUCTURE, IT WAS LIKE EXAMINING TABLES, A COUPLE OF DESKS, YOU KNOW. BUT WE JUST THEY DIDN'T QUALIFY. LOOKING AT PAST HISTORY, WHICH ALL SUPPORTED. IF THEY IF THEY CAME UP WITH SOME MORE THINGS FOR THE FACADE, LIKE THE RAMP, I MEAN, CAN THEY COME BACK FOR MORE MONEY? THAT'S PROBABLY YOUR QUESTION. I MEAN, I WAS JUST I DON'T KNOW THAT WE'VE HAD THAT BEFORE, BUT IF THEY JUST SAW THAT AND I GO ON WHAT. THEY DON'T HAVE AN ITEM FOR IT. BUT SHE PUT IT IN HERE THAT SHE WANTED AS PART OF A REQUEST. I WAS JUST WONDERING, DID SHE DO AWAY WITH THE RAMP OR SHE DOESN'T SEE PEOPLE WITH WHEELCHAIRS? I'M JUST ASKING. WELL, THERE'S NOT A RAMP. IF YOU LOOK AT THE PICTURE, THERE'S NOT A RAMP. SO YEAH, THERE'S NOT ONE I JUST DIDN'T KNOW. WELL, UNFORTUNATELY THIS ONE WAS TAKEN THE THE APPLICATION WAS TAKEN BY FORMER EMPLOYEE. AND THEN SHE DID A FOLLOW UP CALL AND SAID, ARE Y'ALL GOING TO CONSIDER ANYTHING? AND WE WENT THROUGH THE APPLICATION AND FOUND WHAT WAS, YOU KNOW, WHAT WE COULD CONSIDER AND WHAT WAS SUBMITTED AS FAR AS HER EXPENSES. AND THERE WAS NOT EXPENSES FOR RAMP SUBMITTED. SO WE'VE GOT WE'VE GOT A WISH LIST. THIS INITIAL APPLICATION, SOME OF THIS IS DATED, SOME OF IT WAS DONE, SOME OF IT WASN'T, SOME OF IT QUALIFIES, SOME OF IT DOES. AND IT ALL GOT WHITTLED DOWN TO THE ONLY THING THEY QUALIFY FOR IS SIGNAGE. YEAH. MY QUESTION IS THE SIGN IS AN ESTIMATE BACK IN 25. I'M ASSUMING THE SIGN'S IN PLACE. THERE'S GOT TO BE A FINAL INVOICE. THAT'S WHY THAT PICTURE'S IN THERE. I ACTUALLY TOOK THAT MYSELF. OKAY. BUT THERE WAS A FINAL INVOICE THAT'S BEEN PAID AND GOOD CATCH. YEAH. IT SAYS ESTIMATE AT THE TOP. LOOKS LIKE AN INVOICE. YEAH. 1031 25 YEAH. 63 YEAH. HER STATEMENT WAS THEY PAID $6,663.73. AND SO I GUESS SHE PAID THE ESTIMATE. THEY PAID WHAT THE ESTIMATE WAS. I MEAN, YOU COULD, YOU COULD MAKE IT CONTINGENT ON US GOING BACK AND MAKING SURE THAT THAT'S RECEIVED THE FINAL INVOICE. I THINK WE NEED TO SEE AN INVOICE FOR THE FILE. OKAY. ARE YOU GOING TO ARE YOU GOING TO CONSIDER CONTINGENT ON THAT OR YOU WANT TO TABLE IT OR NO MOTION APPROVE IT APPROVED. I'LL PUT A MOTION TO APPROVE IT. OKAY. I'D LIKE TO HAVE THE INVOICE FOR THE SECOND. OKAY. SECOND, THAT'S A REQUIREMENT. ALL IN FAVOR? AYE. OPPOSED. SO IT'S GOOD IF WE GET AN INVOICE FOR POLICY. NOBODY. NOBODY. AND, TOM, I WOULD ASK HER IF SHE STILL WANTS TO DO THAT. I WOULDN'T BE OPPOSED TO US HELPING HER DO THAT. AND THERE'S ALSO A LINE ITEM ABOUT PAINT AND SOMETHING ELSE ON THE EXTERIOR. THERE WAS SQUARE FOOTAGE AND THE COST ESTIMATE. IF SHE'S DOING THIS OVER TIME, I WOULDN'T BE OPPOSED TO IT LOOKS REAL NICE. OKAY. I WOULD I WOULD GO BACK AND SAY WE'D BE OPEN FOR THAT OR I THINK WE WOULD NEED, I DON'T KNOW, WE WILL FOLLOW UP WITH THAT. WELL, WE REALLY WANT TO DO THIS. I MEAN, YOU KNOW, WE'RE WE'RE TRYING TO WE'VE BEEN WE'VE BEEN HOPING TO GET MORE OF THESE APPLICATIONS IN, YOU KNOW, JUST A NICE THINGS TO THEIR BUILDINGS. OKAY. IT LOOKS LIKE

[14. Upcoming dates for future ODC Board meetings]

I THINK IT'S A PROBLEM FOR ME. YES. I'M WAITING FOR THOMAS TO FINISH. WE HAVE A SPEAKER CARD.

[Additional Item]

[02:20:06]

BUT A IS PRETTY TIGHTLY REGARDED IN WHAT THEY DO ALLOW. AND THERE ARE A LOT OF THINGS THAT HAVE BEEN USED AS PRECEDENT THAT IN MY MIND WEREN'T PRESIDENT. THEY WERE NOT PRESENTED CORRECTLY AND NOT STUDIED CORRECTLY, OR THEY WERE BAD PRECEDENTS, WHICH NOT WHICH IS NOT A GOOD THING. SO I WOULD ASK YOU GUYS TO CONSIDER. AND MY POSITION, I HAVE NO USE, YOU KNOW, THE LAST YEAR OR TWO BEING ON THE BOARD, I STUDY THESE THINGS AT EXTREME LENGTHS AND OUT OF PROBABLY THE LAST 12, I VOTED NINE ON NINE OUT OF 12 AGAINST THEM. AND I HAVE PEOPLE ON THE BOARD THAT COME TO ME SAY, LARRY, I DON'T KNOW ANYTHING ABOUT THIS. I WAS APPOINTED, I DON'T KNOW ANYTHING ABOUT IT. WHAT ARE WE DOING HERE? YOU KNOW, THE LAST MEETING HAD TWO PEOPLE SAY, I DON'T KNOW ANYTHING ABOUT THIS, BUT YET THEY VOTED YES FOR THIS PROJECT. I'M TO SAY HERE THEY VOTED YES BECAUSE THEY DIDN'T KNOW WHAT THEY WERE VOTING FOR.

THEY'RE NOT EDUCATED. AND THE TIME OF ARTIFICIAL INTELLIGENCE, YOU DON'T HAVE TO DO A LOT OF RESEARCH. YOU CAN PUT A FEW TAG WORDS IN THERE AND PULL UP 50 VOLUMES. YOU CAN TAKE PRECEDENCE ALL THE WAY BACK TO 2003, WHERE IT CLEARLY SAYS IN 2003, THE STATE MADE ADOPTION TO THE EDC BOARDS THAT SAYS, I'M GOING TO THUMB THROUGH IT. IN 2003, EDUCATIONAL FACILITIES, LEARNING CENTERS, AND MUNICIPAL BANDINGS WERE EXCLUDABLE AS ELIGIBLE PRODUCTS. NOW WE'VE COME BACK WITH 500 ONES AND INFRASTRUCTURES AND EVERYTHING'S BENT AND YOU GET GOOD PRESENTERS. DOCTOR GREGORY, GREAT COLLEGE, GREAT PRESENTER, BUT THEY HAVE A LOT OF POWER.

THEY COME IN, THEY DO A GOOD SALES PITCH AND EVERYBODY SAYS, THAT SOUNDS GOOD, BUT THEY HAVEN'T DONE ANY BACKGROUND ON WHAT A TYPE A SHOULD BE. SO I DON'T THINK IT'S BEEN DONE. SO IN VIEW OF WHAT I'VE SEEN IN THE LAST PROBABLY YEAR AND A HALF, YOU DON'T NEED A COMPLIANCE COMMITTEE. YOU COULD DO IT RIGHT HERE, OR YOU COULD COME A B AND JUST GO STRAIGHT TO CITY COUNCIL WITHOUT THIS BOARD, BECAUSE THERE ARE SOME PEOPLE NOT DOING THEIR HOMEWORK.

NONE. THEY DON'T EVEN KNOW WHY THEY'RE AT A MEETING. I MEAN, THEY'RE THERE BECAUSE THEY WERE BLESSED WITH AN APPOINTMENT AND HAVING NOBODY ELSE ON THERE THAT'S A FORMER MEMBER OR READS THESE THINGS AND GETS INTO THE BACK END OF THESE, YOU KNOW, I TAKE A MONKEY WRENCH AND I GO INTO THE WORKS ON IT, AND I LOOK AND I READ CONTRACTS BACKWARDS, LITERALLY BACKWARDS.

[02:25:05]

IT'S JOB, IT'S QUALIFICATIONS, ESPECIALLY THE CONFIDENTIALITY PART OF IT AND THE PRIVACY AND I THINK NEED TO TAKE A, YOU KNOW, HARD LOOK BACK WHERE I'M TALKING ABOUT TO THE FOUNDERS, SEE WHAT THEY SAID. THEY'RE STILL SOME OF THOSE AROUND HERE THAT WERE ON THE ORIGINAL FOUNDATION OF THIS BOARD. SO WITH THAT, YOU KNOW, I'LL GO, BUT I DON'T THINK I'LL SIT THROUGH ANOTHER COMPLIANCE COMMITTEE UNLESS THERE'S AN APPOINTEE ON THERE THAT I THINK CAN MAKE A DECISION BASED ON THE FACTS INSTEAD OF WHAT FEELS GOOD AND HOW GOOD THE HOW GOOD THE SHOW WAS TODAY. AND WITH THAT, I'LL LEAVE ANY QUESTIONS. THE MARK. PEGGY. NO. WELL, YOU KNOW, I THINK THAT THE THE THINGS THAT YOU HAVE, SEVERAL OF THE THINGS YOU'VE REFERRED TO ARE DEFINITELY WORKFORCE DEVELOPMENT. AND THAT DOES QUALIFY UNDER A. I'M NOT SAYING IT DOESN'T. OKAY. I'M SORRY. YEAH. SORRY. I THOUGHT YOU SAID IT. DIDN'T YOU KNOW, WE WERE TALKING ABOUT THE ROADS EARLIER TOO. AND THE DEVELOPMENT, THE PRECEDENTS. THE DEVELOPER SAID, WELL, WE'VE ALREADY DONE THAT OVER AND I DON'T AGREE WITH SOME OF THEM. WE DID ONE ON THE COUNTY LINE IN MIDLAND, AND WHENEVER THAT'S BUILT ON AS COMMERCIAL, MIDLAND COUNTY WILL GET ALL THE ECONOMIC DEVELOPMENT. I ASKED THEM TO MOVE THE COUNTY LINE OR MOVE THAT ROAD UP 500FT. WERE ANY BUSINESSES ON THE SIDE OF THAT LINE WOULD BE AN ECTOR COUNTY, AND THEY WOULD GET THE REIMBURSED FOR THE MONEY. TAXPAYERS MONEY SPENT IN MIDLAND COUNTY. AND I EVEN WENT TO DOWN TO CITY HALL TO ASK THAT THEY PUT A HOLD ON IT, SEE IF THEY COULD DO THAT OR GO TO THE DEVELOPER AND POST POST APPROVAL AND GET THEM TO AGREE TO SET THEIR STUFF IN 500FT WHERE THEY'D CAPTURE ANYTHING IN THE COUNTY FROM THOSE COMMERCIAL UNITS, WHICH WOULD OTHERWISE BE GIVEN TO MIDLAND AT OUR EXPENSE ON THE ROAD AND THE WHOLE DEVELOPMENT. BUT WITH THAT I LEAVE YOU. BUT I AT THIS POINT I WON'T SAY IT, BUT I MAY NOT BE AT ANOTHER COMPLIANCE MEETING IF I FEEL LIKE I'M ALONE THERE ANYWAY, AND I'M NOT THERE TO BE ENTERTAINED. AND I LOOK AT THESE THINGS VERY SERIOUSLY FOR THE WHOLE COUNTY AND THE WHOLE CITY. EVERY PERSON. MY FAMILY, YOUR FAMILY, YOUR FAMILY, YOUR FAMILY, YOUR FAMILY, YOUR FAMILY, EVERYBODY IN HERE TO A MAN. AND SO, RONNIE, SPEND OUR MEETINGS AND BEEN REALLY ENVELOPED IN IT. AND PEGGY HAS TOO. I GOT THOSE NUMBERS FROM HER. IF YOU DON'T, IF YOU'RE NOT AWARE OF WHAT I'M TALKING ABOUT, HAVE A MEETING WITH HER AND ASK HER WHERE THAT WOULD LEAVE US. ENCUMBRANCES AGAINST THE BALANCE TODAY. IT WOULDN'T BE GOOD. MY, YOU KNOW, A ANOTHER ONE OF MY OPINIONS WAS JUST GIVE IT ALL AWAY AND BE DONE WITH IT. YOU KNOW, GET

[02:30:02]