[1. CALL TO ORDER]
[00:00:08]
SEPTEMBER 17TH, 530. WE'LL CALL OUR MUNICIPAL DEVELOPMENT DISTRICT MEETING TO ORDER. NO, NO, I'M RUSTY AT THIS. DO YOU NEED ME TO START OVER AGAIN? OKAY. SEPTEMBER 17TH, WE'RE CALLING THE NORTHLAKE MUNICIPAL DEVELOPMENT DISTRICT TO ORDER. IT'S 5:31 P.M. AND WE ARE.
WE'RE MISSING JUST ONE, HOWARD. AND. OKAY. YES, SIR. OKAY, WE'LL START ON WITH OUR
[2.A. Briefing - Upcoming Meetings and Events]
BRIEFING AND WORKSHOP ITEMS. SO UPCOMING MEETINGS AND EVENTS. ALL RIGHT. IT'S HARD TO BELIEVE, BUT THERE'S JUST ONE MORE REGULAR MEETING SCHEDULED THIS YEAR. SO THAT'S ON YOUR CALENDAR OF MEETING EVENTS. ALSO, THE ANNUAL BOARDS APPRECIATION BANQUET. WE WOULD LOVE TO BE ABLE TO SHOW OUR APPRECIATION FOR YOU AT THAT EVENT. WE'VE ALSO NOTED OUR BUSINESS OVER BREAKFAST EVENTS. YOU'RE WELCOME TO COME JOIN US AT THOSE. THE NEXT ONE IS PLANNED AT THE HOW YOU DOING FOUNDATION, THEIR CLUBHOUSE, WHICH IS GOING TO BE IN THE IT'S IN THE NORTH LAKE BUSINESS PARK AND IT'S THEY'RE FURIOUSLY TRYING TO FINISH UP. SO HOPEFULLY EVERYTHING'S DONE BY THAT DATE. WE GIVE THEM ENOUGH TIME AND ALSO HAVE CHRISTMAS AT THE COMMONS COMING UP AT THE. AT THE VERY END OF NOVEMBER. THEN ALSO WE'VE GOT A PREVIEW OF THE 2027 SCHEDULE. WE'RE WORKING ON THE MEETING CALENDAR FOR ALL OF THE TOWN, FOR THE TOWN COUNCIL, P AND Z, ALL THE BOARDS. IF IF WE KEEP THE REGULAR THIRD THURSDAY EVERY OTHER MONTH, THIS IS WHAT THOSE DATES WOULD LOOK LIKE. AND THOSE DATES ARE AVAILABLE ON THE CALENDAR. ANY ANY QUESTIONS COMMENTS. THANK YOU. OKAY. WE'LL MOVE ON TO BRIEFING ITEM[2.B. Briefing - New Member Scholarship Program for Metroport Chamber of Commerce]
B NEW MEMBER SCHOLARSHIP PROGRAM FOR METRO PARK CHAMBER OF COMMERCE. SO FOR SOME OF YOU, THIS MAY BE LIKE DEJA VU BECAUSE WE'VE WE'VE TALKED THROUGH THIS AS YOU WERE EDC OR CDC BOARD MEMBERS, BUT WE HAVEN'T HAD THE CHANCE TO DISCUSS THIS WITH THE BOARD AND NEVER HAD THE OPPORTUNITY TO FORMALLY ADOPT IT WITH THE EDC AND CDC. SO KIND OF WANTED TO GO BACK THROUGH THIS PROGRAM BEFORE WE FINALIZE IT AND GET MDD INPUT. SO THE THE TOWN OF NORTH LAKE IS ONE OF SEVEN COMMUNITY MEMBERS OF THE METRO PORT CHAMBER OF COMMERCE. THE CHAMBER WORKS IN PARTNERSHIP WITH THE MEMBER COMMUNITIES ON SEVERAL ECONOMIC DEVELOPMENT ITEMS. SPECIFICALLY. ONE IS THE ANNUAL ALLIANCE DEVELOPMENT FORUM THAT PROMOTES THE REGION FOR ECONOMIC DEVELOPMENT, AND WE ALSO HAVE MONTHLY MEETINGS WITH THE MANAGERS AND ECONOMIC DEVELOPMENT STAFF FROM THE COMMUNITIES, AND ARE ABLE TO KIND OF WORKSHOP IDEAS. AND ONE OF THOSE THAT WE TALKED ABOUT IS THIS SCHOLARSHIP PROGRAM, THE CHAMBER OF COMMERCE PROVIDES MANY VALUABLE BENEFITS TO MEMBER BUSINESSES, AND WE HIGHLY ENCOURAGE OUR BUSINESSES TO BE A PART OF THE CHAMBER AND BE ABLE TO BENEFIT FROM THOSE. THEY HAVE A NUMBER OF NETWORKING AND PROMOTIONAL OPPORTUNITIES, AND A GOOD ONE FOR NEW BUSINESSES IS RIBBON CUTTING EVENTS THAT THEY THAT THEY HOST, THAT THEY HANDLE. THE NEW MEMBER SCHOLARSHIP PROGRAM IS PROPOSED TO ENCOURAGE NEW NORTH LAKE BUSINESSES TO TO JOIN THE CHAMBER AND GET THE BENEFITS THAT THE CHAMBER OFFERS. SO THE EDC AND CDC REVIEWED AN INITIAL DRAFT AGREEMENT FOR THE PROGRAM. IN THAT DRAFT AGREEMENT, THE CHAMBER WOULD BE THE GRANTEE OF FUNDS FROM THAT TIME WAS EDC AND CDC. IF WE CHOOSE TO DO IT THIS WAY, WOULD BE THE MDD. NOW TO APPLY TO NORTH LAKE BUSINESSES. SO IN THAT AGREEMENT, THE PROPOSED AMOUNT WAS $395 TO COVER THE CONNECT MEMBER. THE LOWEST KIND OF LEVEL FOR MEMBERSHIP FOR THE INITIAL YEAR, THE ANNUAL ESTIMATED COST AT THAT AMOUNT WOULD HAVE BEEN ABOUT $7,900.[00:05:01]
IF ALL NEW BUSINESSES PARTICIPATED. AND THAT'S BASED ON THE AVERAGE FROM THE LAST FEW YEARS. ABOUT 20 NEW BRICK AND MORTAR BUSINESSES. AND THAT WAS KIND OF THE THOUGHT OF THE PROPOSAL AT THAT TIME. AND AFTER DISCUSSING WITH THE EDC AND CDC BOARDS, THEY RECOMMENDED THE SCHOLARSHIP COVER INSTEAD OF JUST THE BASE MEMBERSHIP TO COVER AN UPGRADE FROM THEIR CONNECT TO SIGNATURE LEVEL OR FROM THEIR SIGNATURE LEVEL TO EXECUTIVE MEMBERSHIP LEVEL. AND I'LL SHOW YOU ON THE NEXT SLIDE HOW THAT WORKS OUT. AND I BELIEVE YOU HAVE IT IN YOUR PACKET AS WELL. I THINK SOME OF THE THOUGHT ON THAT WAS THAT WOULD GIVE THE BUSINESS, THEY WOULD HAVE SOME SKIN IN THE GAME. THEY WOULD PAY THE BASE AMOUNT. BUT. THE THE TOWN OR THE MDD COULD LEVERAGE THAT AMOUNT AND TO GET THEM A LITTLE BIT HIGHER LEVEL AND UPGRADE.AND ONE OF THE THINGS THEY BENEFIT FROM ON THAT IS BEING ABLE TO HAVE A RIBBON CUTTING FOR, FOR A NEW BUSINESS. THEY ALSO DISCUSSED HAVING ELIGIBILITY OPEN TO NEW BUSINESSES IN NORTH LAKE THAT HAVE NOT BEEN MEMBERS OF THE CHAMBER, AND BOTH NOT JUST BRICK AND MORTAR, BUT COULD BE A HOME BASED BUSINESS, OR THAT HAS A RESIDENT THAT HAS A BUSINESS BASED IN NORTH LAKE. SO HERE'S A LOOK AT THE MEMBERSHIP LEVELS. SO YOU'LL SEE THE. THE CONNECT MEMBER IS THE BASE. SO THE IDEA OF THE UPGRADE IS THEY WOULD PAY THAT $395 AMOUNT, AND WE'D AUTOMATICALLY UPGRADE TO 625 AND WOULD PAY THAT DIFFERENCE TO THE CHAMBER ON BEHALF OF THAT BUSINESS. OR THEY COULD CHOOSE TO GET THE SIGNATURE MEMBERSHIP, AND WE'D PAY THE DIFFERENCE BETWEEN THAT AND UPGRADE THEM TO THE EXECUTIVE MEMBER LEVEL. SO JUST WANTED TO GET YOUR INPUT ON THAT. SOME OF THE THINGS TO DISCUSS, MAYBE MORE IN DEPTH IS QUALIFICATIONS FOR THE BUSINESSES, WHETHER THE OFFSET SHOULD COVER THE BASE MEMBERSHIP OR THE COST TO UPGRADE IS, IS THE EDC RECOMMENDED AND KIND OF DISCUSS AN AMOUNT THAT WE MAY WANT TO ADD TO OUR BUDGET TO, TO COVER THIS, IF IF THIS IS A PROGRAM YOU'RE INTERESTED IN ADDING. I THINK IT'S A GREAT PROGRAM. IT GETS THE COMMUNITY INVOLVED AND NETWORKED WITHIN OUR AREA. ONE OF MY THOUGHTS THAT I HAD WHEN READING THROUGH THIS IS MAYBE JUST KIND OF, AND I MAY HAVE MISSED IT, BUT I DON'T THINK SO. MAKING SURE IT'S A TAX GENERATING BUSINESS. I KNOW WE'VE DONE GRANT STUFF BEFORE AND TO HELP OUT LIKE A NOT SPECIFICALLY A BUSINESS OWNER, BUT LIKE A PROJECT. AND THEN LIKE WHEN THE BUSINESS CAME THERE, IT WASN'T A TAX GENERATING BUSINESS, YOU KNOW, THAT WE ASSISTED IT WAS FOR THE DEVELOPER. SO, SO SAY TAX GENERATING, SALES TAX, TAX GENERATING. YEAH. SO THEN THAT WOULD THAT WOULD LIMIT IT QUITE A BIT MORE THAN THE EDC AND CDC WERE ORIGINALLY TALKING. BUT I'M JUST IT WAS JUST A THOUGHT BECAUSE I JUST THINK BACK ON WHEN WE FUNDED OTHER PROJECTS.
SO HOW MANY APPLICATIONS ARE WE TYPICALLY GETTING OR IS THE CHAMBER GETTING. AND WHAT TYPE OF BUSINESSES FOR THE MOST. SO WE WE'VE AVERAGED ABOUT 20 NEW BUSINESSES A YEAR FOR THE LAST, I THINK THREE YEARS. AND THAT NUMBER COULD GO UP A LITTLE IN, IN THE NEXT NEXT YEAR. AND THEN IF THIS IS OPENED UP TO KIND OF MORE SERVICE PROFESSIONAL BUSINESSES AND MAYBE LOCATED OPERATING OUT OF A HOME LIKE A REALTOR OR SOMETHING LIKE THAT, THEN THAT COULD ADD, ADD A FEW MORE, BUT WITH THE SMALLER AMOUNT OF THE UPGRADE OF $250, IT'S A. I THINK IT PROVIDES SOME BENEFITS TO THE TOWN, WHETHER THAT BUSINESS ALONE GENERATES SALES TAX OR NOT. SO I MEAN, THAT COULD BE A CONSIDERATION. HOPEFULLY WE HAVE SOME REALTORS THAT ARE BRINGING PEOPLE HERE, STARTING BUSINESSES THAT GENERATE SALES TAX, AND WE BENEFIT IN THOSE WAYS. NATHAN, QUICK QUESTION. YOU MENTIONED BRICK AND MORTAR, RIGHT. AND I SEE IN THIS THE NEED TO INSERT QUALIFICATIONS IS STILL THERE. SO IS THAT STILL UNDER CONSIDERATION AS TO WHAT THE QUALIFICATIONS ARE? I'M WANTING INPUT FROM THE MDD. WE HAD INPUT FROM THE EDC AND CDC. SO JUST BEFORE WE FINALIZE THIS AND BROUGHT SOMETHING TO ACT ON, JUST WANTED TO KIND OF RUN IT BY THE NEW MDD. YEAH. SO AND, AND BRICK AND MORTAR WOULD BE A PHYSICAL LOCATION,
[00:10:07]
ESTABLISHMENT OR BUSINESS HERE. OKAY. WHERE DO YOU SEE. BUT YEAH. SO WE'LL DRAFT IT ACCORDING TO YOUR, YOUR GUIDANCE. YOU MENTIONED, AND I KNOW THERE WAS ONE COMMENT ABOUT MAYBE JUST SALES TAX GENERATING ONES. AND YEAH, YOU MENTIONED THAT MIGHT HAVE A SIGNIFICANT IMPACT TO THE NUMBER OF, OF ELIGIBLE PARTICIPANTS. HELP ME UNDERSTAND WHY, WHY THAT WOULD BE OR WHAT THE THINKING IS THERE. WELL, A LOT OF SERVICE BUSINESSES DON'T DON'T COLLECT SALES TAXES. SO AND IT'S TRUE, RIGHT? YEAH. THEY MAY BE THEY MAY HAVE A SMALL AMOUNT THAT THEY GENERATE AND, AND, OR THEY MAY PAY ON PURCHASES THEY MAKE AND STUFF. SO I DON'T KNOW HOW IT'D BE KIND OF HARD TO, TO DETERMINE TO HOW DO YOU MAKE THAT DETERMINATION? DO YOU REQUIRE THAT THEY SUBMIT LIKE A SALES TAX CERTIFICATE ALONG WITH THEIR APPLICATION TO THE, TO THE CHAMBER? YEAH. SO IT'S SOMETHING WE COULD DO, BUT THE, THE BENEFIT TO THE TOWN OF, OF INCREASED ECONOMIC PARTICIPATION IN THIS, THAT WOULD BE THE CASE REGARDLESS OF WHETHER IT'S A SALES TAX GENERATING BUSINESS. CORRECT? CORRECT. SO I THINK, I THINK WHAT WAS DISCUSSED IN THE PAST IS MORE OF THESE INCENTIVES, LIKE FOR THE PIONEER GRANTS AND STUFF, WERE PRIMARILY INTENDED TO BE FOR SALES TAX GENERATING BUSINESSES, SO THAT THOSE PAID BACK DIRECTLY TO IN THE PAST, THE EDC AND CDC AND NOW THE MDD, RIGHT. I LIKE THE IDEA OF A PHYSICAL BUSINESS THAT'S THAT'S IN THE TOWN. AND WITH THE PHYSICAL BUSINESS, I THINK THERE'S, THERE'S A LOCATION THAT CAN HELP COORDINATE AND PROVIDE THAT BENEFIT TO THE TOWN OF HAVING THAT COLLABORATION AND CONTINUE TO EXPAND THE TOWN'S ECONOMIC BASE. SO FOR FOR ME, HAVING THAT BRICK AND MORTAR BUILDING IS ONE OF THE THE MORE IMPORTANT THINGS. ARE YOU SAYING FOR THE APPLYING BUSINESS? YES. YEAH, THAT THAT THEY HAVE A PHYSICAL LOCATION HERE MORE SO THAN, THAN A SALES TAX GENERATING. IN MY OPINION. DO YOU COUNT THE HOME BASED BUSINESSES TOO? IS THAT DO YOU COUNT THAT AS BRICK AND MORTAR OR WHERE WHAT DO YOU THINK? PROBABLY. PROBABLY NOT IN MY MIND. IN MY MIND'S EYE, I'M JUST THINKING ABOUT THE VISIBILITY OF THE BUSINESS TO THE TOWN AND THOSE WHO MIGHT BE PASSING THROUGH THE TOWN. YEAH, I GUESS MY QUESTION, SORRY TO SAY ONE REASON YOU MAY WANT TO CONSIDER EXPANDING IT BEYOND BRICK AND MORTAR. I WAS THINKING JUST BRICK AND MORTAR AT FIRST TOO, BUT IT THE LAST COUPLE OF OUR BUSINESS OVER BREAKFAST, WE'VE HAD A, A PERSON WITH A BUSINESS KIND OF TECH FINANCE BUSINESS CURRENTLY OPERATING OUT OF HIS HOME LOOKING, WANTS TO EXPAND AND WILL BE LOOKING FOR SPACE. SO I THINK THIS COULD BE A WAY FOR, TO ENCOURAGE THEM TO, TO STAY WITHIN NORTH LAKE AND NETWORK WITH WITHIN NORTH LAKE AND HELP TO EXPAND THEIR BUSINESS. AND MY THOUGHTS ON BRICK AND MORTAR BUILDING, AND MAYBE JUST TOTALLY WRONG ABOUT THIS FROM A DEFINITION STANDPOINT IS IT'S A PLACE WHERE CUSTOMERS ARE COMING, YOU'RE DOING BUSINESS AT A LOCATION THAT MIGHT NOT NECESSARILY HOLD TRUE FOR LIKE A LANDSCAPE COMPANY THAT'S GOT A YARD THAT THEY'VE GOT IN TOWN THAT THEY'RE SERVICING FOLKS.SO THAT THAT'S THE ONLY THING THAT I WOULD SEE LIKE, WELL, I DON'T WANT TO CAP THOSE PEOPLE FROM GOING JUST BECAUSE THEY DON'T HAVE A RETAIL BUSINESS. SO, BUT I DON'T KNOW IF THAT'S THE DEFINITION OF BRICK AND MORTAR OR NOT LIKE THE YOUR POINT ABOUT A HOUSE, I MEAN, SO I'M NOT SURE HOW THAT IS DELINEATED. NATHAN, DOES THE METRO CHAMBER HAVE ANY, I DON'T KNOW, THRESHOLDS OR RULES AND REGULATIONS ON WHAT A BUSINESS IS AND HOW IT, YOU KNOW, IF IT CAN JOIN OR NOT, YOU KNOW? YEAH. LIKE WHAT? I'M NOT SURE ABOUT THAT. WHAT QUALIFIES YOU TO JOIN THE MATCH REPORT TEAM OR I GUESS IN TERMS OF BEING A BUSINESS, I THINK THEY TAKE INDIVIDUALS COULD COULD JOIN. SO I MEAN, I THINK THAT ECONOMIC DEVELOPMENT BEGETS
[00:15:06]
ECONOMIC DEVELOPMENT, RIGHT. THE ONE THING I WOULD SAY IS THAT, YOU KNOW, YOU'RE NOT GOING TO DO A RIBBON CUTTING AT YOUR HOME, RIGHT? SO MAYBE THERE WOULD BE A DIFFERENT APPROACH FOR SOMEONE APPLYING FOR THAT. AND WITH THAT, I HAVE A QUESTION. SO ARE YOU SAYING THAT WE WOULD ONLY COVER THE UPGRADE? SO IF SOMEONE DIDN'T WANT THEY WANTED TO BE A CONNECT MEMBER BECAUSE OF THOSE REASONS, THEY CAN'T USE THE OTHER BENEFITS. WOULD WE COVER THAT OR JUST HOW WOULD WE. HOW WOULD WE THEN CONTRIBUTE TO THAT CONNECT MEMBER IF THEY DIDN'T, THEY DIDN'T WANT TO BE UPGRADED. WE HADN'T DISCUSSED THAT POSSIBILITY. BUT IF I THINK THE THOUGHT WAS IT WOULD JUST BE AN AUTOMATIC UPGRADE THAT WE WOULD PROVIDE THEM. BUT IF YOU WANTED TO, YOU COULD APPLY THE SAME AMOUNT TO REDUCE THAT CONNECT MEMBERSHIP. GOT IT.AND DO WE KNOW IF OTHER OTHER TOWNS ARE DOING SIMILAR SCHOLARSHIP PROGRAMS OR OTHERS ARE TALKING ABOUT IT? WE'VE KIND OF TAKEN THE LEAD ON THIS. SO I THINK WHATEVER WE COME UP WITH, WE MAY HAVE SOME FOLLOWERS ON IT. OKAY. I THINK PART OF THE IDEA WHEN EDC AND CDC WAS DISCUSSING IT WITH THE UPGRADE IS THEY WANTED THESE BUSINESSES TO KNOW THIS IS GOING TO BE AN ANNUAL AMOUNT THEY'RE GOING TO HAVE TO PAY. AND SO THEY WANT THEM TO AT LEAST HAVE TO PAY THAT MINIMUM AMOUNT TO GET IN. AND THEY HAVE SOME SKIN IN THE GAME. BUT TO GIVE THEM THAT OPPORTUNITY TO UPGRADE AND THAT FIRST UPGRADE TO THE SIGNATURE LEVEL IS WHAT GIVES THEM THE RIBBON CUTTING, WHICH IS PERFECT FOR NEW BUSINESSES. SO. I COULD SEE THAT EXCEPT FOR THE WHOLE BUSINESS, THE WHOLE BUSINESS, RIGHT. BUT IT GIVES THEM SOME OTHER ADDITIONAL BENEFITS. YEAH, LIKE THE EXPO TABLE. I THINK THAT THAT'S ACTUALLY REALLY A BIG BENEFIT FOR HOME BUSINESS. SORRY TO INTERRUPT. I THINK THEY'VE DONE SOME RIBBON CUTTINGS IN THE CHAMBER OFFICES FOR HOME BUSINESSES. SURE. WE COULD PROBABLY DO SOMETHING LIKE THAT. THEY DO SOMETHING LIKE THAT SOMETIMES FOR HOME BUSINESSES. SO THEY'LL NEVER TURN DOWN AN OFFER TO PROMOTE A BUSINESS. RIGHT? THE BARITONE FROM THE BACK. IS THERE A WAY TO PRIORITIZE KIND OF HOW WHICH ONES WE WANT TO FUND? LIKE, YOU KNOW, HILLARY MENTIONED THE ONES THAT GENERATE SALES TAX. I MEAN, DOES EVERYBODY APPLY ALL AT ONCE OR IS IT ALL THROUGHOUT THE YEAR? BECAUSE COULD WE RACK AND STACK? IS THERE ANY WAY TO DO THAT? OR IS IT JUST RANDOM AND NO. SO YEAH, I THINK MEMBERSHIPS ARE OBTAINED THROUGH THE CHAMBER THROUGHOUT THE YEAR. RIGHT. AND. I THINK FOR. FOR STAFF AND THE CHAMBER IN DOING THIS PROGRAM, IT'D PROBABLY BE EASIEST ON US IF IT'S JUST ANY BUSINESS, NEW BUSINESS, NEW TO THE CHAMBER WITH NORTH LAKE ADDRESS THAT WE COULD APPLY THAT TOWARDS. BUT WE CAN WE CAN WRITE IT UP AS AS YOU WANT. I THINK OVERALL, I MEAN, IT'S A GREAT PROGRAM AND A GREAT IDEA. IT'S KIND OF EXCITING TO BE THE FORERUNNER OF OFFERING NEW BUSINESS OWNERS A, YOU KNOW, BEING A STAKEHOLDER. I KNOW SOME OF THOSE EVENTS ARE REALLY GREAT. I'VE BEEN TO A COUPLE OF THE WOMEN'S LUNCHEONS AND THE EXPO TABLES THAT THEY HAVE SET UP. I MEAN, YOU KNOW, IT'S A NEAT OPPORTUNITY TO KNOW ABOUT BUSINESSES THAT MAYBE DON'T HAVE BRICK AND MORTAR. YOU KNOW, I MEAN, YOU SEE BOTH SIDES OF IT. SO BUT I THINK IN GENERAL, I THINK IT'S IT'S A REALLY GREAT PROGRAM. WE JUST FIGURE OUT HOW WE WANT IT STRUCTURED. BUT I THINK IT'S A GOOD, GOOD BASE HERE. SO IS THE CONSENSUS. DO YOU LIKE A THE UPGRADE OR PAY FOR BASE OR. IN MY OPINION, I THINK THEY DO NEED TO HAVE SKIN IN THE GAME. I LIKE THAT, SO I THINK THE UPGRADES ARE PROBABLY THE BEST WAY TO GO ABOUT THAT. ARE THEY THE APPLICATIONS BEING REVIEWED BY METRO CHAMBER AND GIVEN TO US? YES. THEY WILL PROVIDE A REPORT ON THE NEW MEMBERS THAT ARE IN NORTH LAKE, AND WE WOULD BE ABLE TO REVIEW AND CONFIRM THAT. SO DO WE JUST WANT TO FIGURE OUT LIKE A MAXIMUM NUMBER, LIKE VALUE THAT WE'RE GOING TO OFFER, NO MATTER HOW MANY BUSINESSES
[00:20:06]
ONCE WE HIT THIS NUMBER? OKAY, THAT'S IT. LIKE WE'RE GOING TO OFFER ANY MORE SCHOLARSHIPS, BASICALLY, LIKE, I DON'T KNOW, BECAUSE WE HAD IT HERE FOR THE, IF WE WERE GOING TO PROPOSE THE 395 COVERING THAT. RIGHT. THAT WAS A MAX 7900. OR DID WE EVER FIGURE OUT A MAX? I CAN'T REMEMBER IF WE TALKED ABOUT IT IN EDC, BUT LIKE JUST, YOU KNOW, OKAY, TEN, WE'LL DO TEN K OR WHATEVER IT IS. AND THEN ONCE THAT'S USED UP, YOU KNOW WHAT I'M SAYING? YEAH. I THINK A NUMBER LIKE 10,000 WOULD WOULD BE GOOD AND SHOULD BE PLENTY FOR, FOR NEW BUSINESSES IN THE YEAR. AND IN THE PACKET WAS IT LIKE 7900? WAS THAT ABOUT OR IS THAT THAT WAS FOR 20 BRICK AND MORTAR BUSINESSES THAT WE'VE AVERAGED AT THE FULL 395 BASE PRICE. SO IT'S KIND OF DIFFERENT NUMBERS GOING INTO CALCULATING THAT. I THINK WE TALKED WHEN WE WERE PREVIOUSLY TALKED ABOUT, INCLUDING THE THE BASE LEVEL OR WHAT IS IT, CONNECT MEMBER LEVEL AS WELL.IN ADDITION TO UPGRADES, I BELIEVE, AND I GUESS WHAT I'M WONDERING IS, DO WE WANT TO INCLUDE THAT AS WELL AS AN OFFERING TO HELP SUPPORT THE, THE CONNECT LEVEL OR JUST THE UPGRADES? OR MAYBE WE SET THE FEE OR THE AMOUNT ASSOCIATED WITH UPGRADES AND OFFER THAT AS, AS AN INCENTIVE TO START TO JOIN AS WELL AT THE CONNECT MEMBER LEVEL. YEAH, THEY COULD JUST APPLY THE 250 TO, TO THAT GIVES THEM SOME SKIN IN THE GAME, BUT ALSO ENCOURAGES THEM TO ACTUALLY START TO PARTICIPATE. YEAH. SO NOT JUST THE 250 TO UPGRADE. ALSO YOU CAN APPLY TO THE CONNECT MEMBER SIDE. YEAH, I THINK THAT'S REASONABLE. AND THEN I LIKE THE IDEA OF A CAP PUTTING A CAP ON A 210. I THINK TEN MAKES SENSE. WE'LL SEE HOW THE FIRST YEAR GOES AND WHAT KIND OF PARTICIPATION IN INVOLVEMENT WE GET. AND IF WE'RE GETTING ALL KINDS OF NEW BUSINESSES AND THERE'S MORE OUT THERE THAN WE, WE THOUGHT WE CAN ALWAYS COME BACK AND ADJUST THAT NUMBER MID-YEAR IF WE NEED TO. IT'S NOT SET IN STONE. YES. THAT'S THE MORTAR THAT SETS US. ALL RIGHT. ANY ANY OTHER IDEAS OR ANYTHING ELSE YOU WANT TO SEE IN THIS. I'VE GOT PRETTY GOOD DIRECTION. ARE YOU GOING TO TAKE ALL THE FEEDBACK AND DIRECTION, NATHAN. AND ARE WE GOING TO DRAFT LIKE SOME GUIDELINES OR. YEAH, WE'LL BRING A FINAL FORM AGREEMENT BACK THAT YOU'RE YOU'LL BE ABLE TO ACT, ACT ON OR TWEAK AS AS
[3. PUBLIC INPUT]
NECESSARY. OKAY. THANKS. OKAY. WE'LL MOVE ON TO ITEM THREE. PUBLIC INPUT. WE WILL OPEN UP PUBLIC INPUT AT 5:54 P.M. IF ANYONE'S WILLING TO SPEAK. ARE WE WAITING A FULL MINUTE OR. I CAN'T REMEMBER THE TIMELINE. OKAY, SO IT LOOKS LIKE WE DON'T HAVE ANYONE FOR PUBLIC INPUT,[4.A. Consider approval of meeting minutes for July 16, 2026]
SO WE'LL GO AHEAD AND CLOSE THAT AT 5:54 P.M. OKAY. NEXT WE'LL MOVE ON TO ACTION ITEMS ACTION ITEM A CONSIDER APPROVAL OF MEETING MINUTES FOR JULY 16TH, 2026. DO I HAVE ANYONE TO[4.A. VOTE]
MAKE A MOTION TO APPROVE THE MINUTES AS PRESENTED? I'LL MAKE A MOTION TO APPROVE THE MINUTES AS PRESENTED. DO I HAVE A SECOND? I'LL SECOND. ALL IN FAVOR. I OKAY, AND WE WILL MOVE[4.B.i. Public Hearing]
ON TO ACTION ITEM B CONSIDER APPROVAL OF PIONEER GRANT AND PERFORMANCE AGREEMENT FOR SHEFFLIN'S ASIAN KITCHEN WITH AN EFFECTIVE DATE OF OCTOBER 1ST, 2026. ALL RIGHT, SO YOU, FORMER EDC CDC MEMBERS ARE VERY FAMILIAR WITH THE PIONEER GRANT PROGRAM, BUT THERE ARE NEW MDD BOARD MEMBERS MAY NOT BE AS MUCH. SO LET'S GIVE A LITTLE BIT OF BACKGROUND ON THIS. IT WAS ORIGINALLY ADOPTED BY THE EDC AND CDC AND MOST RECENTLY WAS UPDATED IN MARCH OF 24. THE MDD HAS NOT FORMALLY ADOPTED THIS PROGRAM, BUT CAN CONSIDER THIS ON A CASE BY CASE BASIS.THE PURPOSE OF THE PIONEER GRANT PROGRAM IS TO ENCOURAGE BUSINESSES, PARTICULARLY SALES TAX GENERATING BUSINESSES, TO DEVELOP AND EXPAND IN NORTH LAKE. THE FIRST RECIPIENT OF A
[00:25:08]
PIONEER GRANT IN NORTH LAKE WAS ROSES CAFE. AND THEN WE'VE GIVEN SEVERAL SINCE THEN. BUT WHEN IT WAS FIRST ENVISIONED, THERE WASN'T MUCH GOING ON IN NORTH LAKE. THE. THE ONE RESTAURANT WE HAD WAS A SUBWAY NEXT TO THE SHELL STATION WHERE THE TACO CASA IS NOW. SO THIS HELPED US GET SOME SOME RESTAURANTS GOING FOR SURE. WITH THE UPDATE, THE KIND OF NEW MODEL FOR THE PIONEER GRANT PROGRAM. IT. IT'S AN INCENTIVE BASED ON SEVERAL VARIABLES.FIRST IS SALES TAX GENERATION ALIGNMENT WITH THE RETAIL RECRUITMENT STRATEGY, WHICH WAS ADOPTED BY THE EDC AND CDC. AND THAT PROVIDED A UNIQUE OFFERING OR FILLED A GAP IN SERVICE OR IT WAS AN EXPANDING LOCATION TO NORTH LAKE OR IN NORTH LAKE. FUNDING IS WAS GENERALLY IS GENERALLY BASED ON ESTIMATED TAXABLE SALES WITH PAYBACK FROM SALES TAX GENERALLY EXPECTED IN ROUGHLY FIVE YEARS. THERE ARE A COUPLE OF OPTIONS ON HOW TO AWARD THESE. THE. IT STARTED OUT AND ONE OF THOSE OPTIONS IS JUST AN UPFRONT GRANT IN THE FORM OF A FORGIVABLE LOAN WITH A FIVE YEAR TERM, AND IT'S NOT PAID UNTIL AFTER RECEIVING THE CEO. SO THE BUSINESS IS READY TO TO OPEN. THEY'VE MADE AN INVESTMENT AT THAT POINT. SO IT'S REDUCES THE RISK SIGNIFICANTLY. AND WE'VE ALSO INTRODUCED WITH THE UPDATE IN 2024, COMBINATION OF A UPFRONT PAYMENT IN THE FORM OF A FORGIVABLE LOAN AND THEN A SALES TAX REBATE OVER A 4 TO 5 YEAR TERM. SO IN THAT VERSION, YOU KIND OF ESTIMATE WHAT THEY WOULD GENERATE IN ONE YEAR, GIVE THAT TO THEM UPFRONT, AND THEN YOU WOULD ACTUALLY, OVER THE NEXT FOUR YEARS, YOU WOULD GIVE THEM BACK WHAT THEY ACTUALLY GENERATED. SO YOU'RE NOT HAVING TO ESTIMATE ALL FIVE YEARS AND ENCOURAGE THEM TO DO AS WELL AS POSSIBLE. AND THEY CAN GET EVEN BIGGER BENEFIT FROM IT. BUT THE DOWNSIDE TO THAT ONE IS IF IT'S SMALLER SALES, TAX GENERATING BUSINESS, THEY'RE NOT GOING TO GET VERY MUCH UPFRONT. SO IT MAY NOT BE AS BENEFICIAL TO THEM. AND THEN FINALLY, SOMETHING WE WE'VE MADE MORE CLEAR IN THIS IS THAT THE RECIPIENT IS RESPONSIBLE FOR ANY FEDERAL TAX LIABILITY. THAT CAME AS A SURPRISE TO A COUPLE OF OUR RECIPIENTS. SO BEFORE YOU TONIGHT FOR CONSIDERATION, IS AN APPLICATION FOR A GRANT TO FOR SHEFFLIN'S ASIAN CAFE. THIS IS A RESTAURANT THAT IS GOING IN NORTH LAKE CROSSING AT 1800 ROPES AND RANCH ROAD, SUITE 100. IT'S APPROXIMATELY A 3000 SQUARE FOOT SPACE. THAT IS.
WORK IS GOING ON IN IT NOW. THEY HAVE THEIR. THEIR PERMIT WAS ISSUED IN IN JUNE FOR THE FINISH OUT. THE CAPITAL INVESTMENT FOR IT IS $390,000, INCLUDING TENANT IMPROVEMENT, CONSTRUCTION COSTS, AS WELL AS TAXABLE PERSONAL PROPERTY. THE KITCHEN EQUIPMENT. THEY PLAN TO HAVE AT LEAST EIGHT FULL TIME EQUIVALENT EMPLOYEES WITH AVERAGE ANNUAL PAY OF $39,000 AND ANNUAL SALES TAX RECEIPTS JUST TO THE MDD OF ABOUT 6675. BASED ON THEIR ESTIMATED ANNUAL TAXABLE SALES. SO THE GRANT AMOUNT THEY HAVE REQUESTED IS BL SALES TAX PROJECTIONS. THAT WOULD BE A PAYBACK OF APPROXIMATELY SEVEN AND A HALF YEARS. THE INCENTIVE AMOUNT IN TERMS OF AGREEMENT CAN BE DISCUSSED IN EXECUTIVE SESSION AND. AND JUST A MINUTE, I'LL TURN IT OVER TO THE APPLICANT TO GO OVER THEIR PRESENTATION, AND YOU'RE WELCOME TO ASK THEM OR ME ANY QUESTIONS ABOUT THIS. AND I RECOMMEND THAT WE PROBABLY GO INTO EXECUTIVE SESSION TO, TO DISCUSS THIS BEFORE COMING OUT AND TAKING ACTION. AND BEFORE TAKING FINAL ACTION, YOU'LL NEED TO HOLD A PUBLIC HEARING AS WELL. YOU HAVE ANY QUESTIONS BEFORE I TURN IT OVER TO THE APPLICANT? ALL RIGHT. OKAY. GOOD EVENING. MY NAME IS IAN LANE. I'M THE
[00:30:24]
COMMERCIAL REAL ESTATE FOR SHUFFLING ASIAN RESTAURANT KITCHEN. SO THIS IS THE OWNER, ONE OF THE OWNER, MISS CHEN LIN. AND HER HUSBAND IS ALSO HERE. MR. ZHANG ZHIYONG LIN. SO I WILL JUST QUICK REVIEW THIS PRESENTATION. SO GOOD EVENING. THIS IS THE FIRST PAGE. OKAY.THANK YOU SO MUCH FOR GIVING US THIS OPPORTUNITY TO INTRODUCE THIS PROJECT. AND WE REQUEST YOUR CONSIDERATION OF 50,000 OF A PIONEER GRANT. SO SHUFFLING RESTAURANT ASIAN KITCHEN WILL BE LOCATED AT 1800 ROBSON RANCH ROAD, SUITE 100. HERE IS IN NORTH LAKE. SO THIS IS NOT THIS IS ACTUALLY ALREADY. WE ALREADY HAD THE LEASE EXECUTED AND WE HAVE THE PERMIT ISSUED. THE CONSTRUCTION TEAM IS IS ALREADY UNDER UNDERWAY AND WE ARE WAITING FOR THE GETTING THE CEO.
SO TONIGHT I WOULD LIKE TO BRIEFLY EXPLAIN THIS PROJECT. SO CAN WE GO TO THE NEXT ONE.
SO THEY REQUEST 50,000 PIONEER GRANT FOR MDD BOARD TO CONSIDER. CONSIDER A PERFORMANCE BASED INCENTIVE AS NOT STRUCTURED AS A CONDITIONAL FOR OPENING NOW AS A UNCONDITIONAL UPFRONT PAYMENT. SO IT'S NOT WE ARE NOT ASKING FOR LIKE UNCONDITIONAL UPFRONT PAYMENT. WE ARE ASKING TO TIED TO MEASUREMENT THE DIFFERENT MILESTONE, ESPECIALLY FOR THE TAXABLE SALE PERFORMANCE. CAN WE GO TO THE NEXT ONE? SO ON THIS PAGE, WE WOULD LIKE TO JUST REVIEW THIS IS A REAL PROJECT. THIS IS ONGOING PROJECT. AND WE ARE PROJECTED SIX TAXABLE SALE IS 1.3 MILLION NEW RETAIL ACTIVATION THAT WE WILL PROVIDE. EIGHT FULL TIME JOB FOR THE CITY. AND WE WILL PROVIDE THE COMMUNITY, THE FAMILY DYING, FAMILY FRIENDLY ASIAN FOOD.
THIS IS WE ARE TARGET AT OPENING IN LATE DECEMBER AND CONTINGENT ON GETTING THE CONSTRUCTION COMPLETED, AND ALSO GET THE CEO. LIKE I SAID BEFORE, THIS WILL BE PERFORMANCE TIED TO OUR PERFORMANCE. AND I ALSO WANT TO INTRODUCE THE OWNER, CHEN LIN.
SHE HAS. SHE WILL MANAGE THE BUSINESS. AND HER HUSBAND, ZHU LIN, SHE HE HAS OVER LIKE 15 YEARS EXPERIENCE BASED LIKE A KITCHEN AND RESTAURANT MANAGEMENT BACK IN TENNESSEE.
AND THE PHOTO WAS SUSHI RESTAURANT HERE. AND SO THEY. THEY ARE NOT JUST INVESTED.
THEY ARE ALSO THE OWNER. AND THEY WILL OPERATE THIS RESTAURANT THEMSELVES. SO. AND THIS IS NORTH LAKE IS A VERY LIKE A BOOMING CITY. SO THIS WILL BE PROVIDE A NEW LIKE EXPANDING THE THE PEOPLE HERE IN NORTH LAKE, THE DINING CHOICE. AND THIS WILL BE A FULL SERVICE CHINESE ASIAN CUISINE. THIS. THEY PROVIDE SUSHI, RAMEN, HIBACHI. AND SO THERE WILL BE A LOT OF CHOICE FOR THE RESIDENTS IN NORTHLAKE AND JUSTIN AND I WILL SEE SOME VISITOR HERE ALSO.
YEAH. AND WE ALREADY REACHING OUT TO THE SCHOOL AND BEFORE THE SCHOOL OPEN, WE ALREADY HAD
[00:35:03]
THE BOOTH OVER THERE. WE TALKED REACHING OUT TO THE SENIOR COMMUNITY AND EVERYONE'S VERY EXCITED FOR, YOU KNOW, OPENING. THEY'RE LOOKING FORWARD TO OUR NEW RESTAURANT HERE. SO THIS IS JUST A RENDERING PICTURE OF THE RESTAURANT. WE HAVE THE INTERIOR DESIGNER ARCHITECTURE.WE HAVE A TEAM TO WORK VERY HARD TO GET THIS DESIGNED. THIS, THIS WILL BE A 3000 SQUARE FOOTAGE AND WE WILL OPEN SEVEN DAYS A WEEK, 72 SEAT WILL BE THE CAPACITY AND IT WILL BE VERY. I WILL SAY THE ONLY ASIAN CHINESE RESTAURANT HERE. YEAH. SO. OUR PROJECTED ANNUAL TAXABLE TAXABLE SALE WILL BE 1.335 MILLION. AND. LIKE WE MENTIONED BEFORE, THERE WILL BE EIGHT FULL TIME JOB WILL BE PROVIDED AND WE WILL KEEP IT LOCAL. THERE WILL BE NEARBY RESIDENTS WILL HAVE ANOTHER REASON TO DIE AND TO COME TO NORTHLAKE. I ALREADY NOTICED THERE WILL BE A COUPLE LIKE ALREADY HAVE SOME RETAIL CENTER, BUT THIS IS NEW NEW CONSTRUCTION AND THE NEW NEW RESTAURANT I WILL. I WILL SEE THERE WILL BE LIKE A LONG TERM SUCCESSFUL FOR THIS RESTAURANT. SO THIS IS JUST A MENU FOR THE FOR THE RESTAURANT. WE HAVE DIFFERENT VARIETY OF THE FOOD. YOU CAN DIE IN TAKEOUT AND ALSO DO THE THIRD PARTY ONLINE ORDERING. SO. IT'S ANOTHER PICTURE OF THE THE MENU. IT WILL BE A WARM AND FAMILY FRIENDLY DINING. THERE WILL BE A HOST AND A WAITING AREA, BOOTHS, TABLE SEATING AND.
IT'LL BE PROFESSIONAL DESIGN. THE KITCHEN BUILD OUT. SO THE TARGETING OPENING WILL BE LATE DECEMBER 2026. RIGHT NOW THE CONSTRUCTION IS GOING WELL. WE ARE THE. ALREADY. THEY GOT THE GREEN STRIPE AND WE ALREADY DIVIDED ALL THE ALL THE ROOM, KITCHEN AREA. EVERYTHING IS GOING WELL AND THE POST OPENING SALE AND THE PERFORMANCE WILL BEGIN AFTER MAYBE LATE THIS YEAR OR EARLY NEXT YEAR. SO RIGHT NOW THE THE STATUS IS PRE-OPENING AND PRE CO. SO THE TOTAL INVESTMENT WILL BE 400,000. SO ESTIMATED 300 WILL BE OWNER. THEIR OWN CAPITAL INVESTMENT. AND THEY ALSO PLANNING TO HAVE 100,000 FINANCING. THEY ALREADY TALKED TO THEIR LOAN OFFICER AND PIONEER GRANT WILL WE WILL REQUEST. 5000. YOU CAN TELL IT'S VERY SMALL PORTION OF THE TOTAL INVESTMENT. SO THIS IS A VERY LOW RISK BUSINESS FOR THE CITY. AND BECAUSE THE OWNER WILL BE MANAGING OPERATING THEMSELVES AND ALSO THEY ALREADY INVEST MOST OF THEIR TOTAL INVESTMENT IS THEIR OWN CAPITAL MONEY. PROJECTED ENDING TAXABLE SALE WILL BE 1.335 MILLION. IF SO, WE ESTIMATE PROJECTED 90 DAILY TRANSACTION IF IT'S STABLE. SO WE PLAN TO OPEN SEVEN DAYS A WEEK AND DYING, DYING, DYING AND TAKEOUT, AND DOORDASH, SOMETHING LIKE THAT. SO SOME BACKGROUND OF BOTH OWNER. THEY HAVE BUSINESS MANAGEMENT EXPERIENCE, RESTAURANT MANAGEMENT EXPERIENCE OF 15 YEARS. AND THEY ARE VERY EXCITED TO HAVE THEIR OWN RESTAURANT IN NORTHLAKE. AND SO IF EVERYTHING GOES WELL, THEY ALSO HAVE OTHER, YOU KNOW, CAN EITHER CAN BE A CHAIN RESTAURANT OR OPEN ANOTHER LIKE A BAKERY OR LIKE A DESSERT STORE. SO THEY HAVE THEIR ASIAN STYLE. SO THEY,
[00:40:06]
THEY ARE NOT LIKE A JUST ONE PROJECT. THEY WILL THEY KIND OF VERY EXCITED TO HAVING BUSINESS IN NORTHLAKE. AND ALSO THEY LIVE LIKE FIVE MINUTES FROM THE RESTAURANT. SO THEY HAVE THEY ALREADY THEY ARE THE RESIDENTS OF THE NORTHLAKE. SO THEY KNOW THE NORTHLAKE AND THEY LOVE THE NORTHLAKE. THEY HAVE. THEY WANT TO THEY ARE VERY EXCITED TO OPEN THIS RESTAURANT AND DOWN THE ROAD THEY ARE GOING TO OPEN MORE. YEAH. SO DO WE HAVE MORE? OKAY, SO THIS IS THE LAST PAGE OF OUR PRESENTATION. AND THANK YOU SO MUCH FOR GIVING US THIS OPPORTUNITY TO PRESENT. WE ARE LOOKING FOR ANY FEEDBACK OR QUESTION. I HAVE A QUESTION. HAVE YOU OWNED AND OPERATED OTHER BUSINESSES PRIOR TO THIS ONE, OR IS THIS YOUR FIRST ONE? THIS IS OUR FIRST ONE THAT WE WERE A MEMBER WITH. ANOTHER HAVE A RESTAURANT AND TENNESSEE. DID YOU BRING ANY PINEAPPLE FRIED RICE TONIGHT? DID YOU BRING ANY PINEAPPLE FRIED RICE TONIGHT? YEAH, YEAH, IT WILL BE ON THE MENU. MENU? SURE. NO I SEE. OKAY. IT'S ON THE MENU. YEAH. NO, I SEE, I SEE. OKAY. I WILL SAY THEY DID OFFER TO BRING FOOD, BUT I WAS LIKE, WE REALLY DON'T HAVE THE FORMAT TO EAT THAT. THANK YOU. YEAH. I WAS LIKE, YOU DIDN'T KNOW WE DIDN'T TAKE A VOTE ON THAT.NATHAN. WHAT THE HECK? THANK YOU. THANK YOU. SO WE ARE ASKING THE CITY TO BECOME A, LIKE A PARTNER, LIKE A PERFORMANCE BASED PARTNER IN THE LONG TERM SUCCESS FOR THIS SHUFFLING KITCHEN. YEAH. THANK YOU. ONE QUESTION. I HAD THIS MAYBE I DON'T KNOW IF IT'S EXECUTIVE SESSION OR NOT. I NOTICED THE PAYBACK WAS SEVEN AND A HALF YEARS BASED ON THE PROJECTED TAX REVENUE. IS THAT WITHIN THE PROGRAM OF BEING 4 TO 5 THAT WE HAD BEFORE, OR IS THAT A FLEXIBILITY THERE? I'M NOT SURE WE SHOULD CONTINUE. AND THEN MAYBE A QUESTION FOR ME, IT'S IT'S MORE OF A GUIDELINE. IT'S JUST KIND OF A GENERAL GOAL BECAUSE THE LOAN IS FIVE YEAR FORGIVABLE LOAN. IT JUST ROUGHLY ALIGNS TO FIVE YEARS OF SALES TAX. BUT IF IT'S SOMETHING THE BOARD DESIRES, IT DOESN'T. WE'VE HAD TYPE ONES THAT HAVEN'T EVEN PAID SALES TAX, SO IT DOESN'T HAVE TO BE A ONE FOR ONE MATCH. OKAY. I JUST WANT TO MAKE SURE WE'RE HANDCUFFED TO THAT FIVE YEARS. NO, THAT'S FOR YOU TO DETERMINE AS A BOARD. OKAY. WELL, FIRST I WANT TO THANK YOU FOR GROWING IN NORTH LAKE AND FOR LIVING IN NORTH LAKE. APPRECIATE THAT. I DO HAVE A QUESTION. WHAT IS THE 90 DAILY TRANSACTION? WHAT IS THAT BASED ON? YOU HAD A KNOWN THE BUSINESS BEFORE. ARE YOU LOOKING AT RESTAURANTS IN THE AREA AND DOING A COMPARATIVE OR HOW IS THAT? HOW ARE YOU BASING THAT IT'S A MORE CENTRALIZED MEETING. I ONLY. GOT. 50. OKAY.
OKAY. SO THIS IS NOT BASED ON THEIR EXPERIENCE IN TENNESSEE AND THE RESTAURANT IN IN FORT WORTH. SO THEY HAVE 72 SEATS. AND SO THIS IS NOT VERY AGGRESSIVE TO HAVE 92 BECAUSE THEY HAVE TAKEOUT, THEY HAVE DYING AND THEY ALSO HAVE ONLINE ORDER. SO THIS IS NOT A VERY AGGRESSIVE OKAY. WHAT WERE YOUR HOURS OF OPERATION BE AS FAR AS LIKE LUNCH, DINNER, YOUR HOURS OF OPERATION. GO TO.
[00:45:09]
SO FRIDAY AND SATURDAY FROM 10 A.M. TO 1111 TO 10, 11 TO 10. YEAH. AND THE WEEKDAY IS 911 TO 9:30 P.M. OH, WE WORK HARD. I KNOW, ON THE LUNCH. PERFECT. THANK YOU.ONE QUESTION I HAD. SO BASED ON THE NUMBER, THE $40.65 AVERAGE TAXABLE TICKET, WOULD YOU SAY YOUR ENTREES ARE IN THAT 9 TO $12 RANGE OR PER ENTREE? IS THAT THAT AVERAGE TICKET ON A BASED ON FOUR PEOPLE AT A TABLE OR WHAT'S THAT BASED ON THAT AVERAGE? THEY ARE STILL CHARGED A TEN. CENTRAL. SO THEY HAVE TWO PEOPLE. ARE YOU TALKING ABOUT THE TABLE LIKE A TWO TWO PEOPLE. TABLE TWO SEAT TABLE. YEAH. I'M JUST MAKING SURE THE NUMBERS ADD UP HERE FOR ME. SO IT SAYS $40.65 IS YOUR AVERAGE TAXABLE TICKET. SO IS THAT BASED ON A FOUR TOP OR A TWO TOP. IS THAT A $20 ENTREES OR ARE THEY FOR $10 ENTREES I GUESS IS WHAT I'M GETTING AT TEN. THEY ALSO BRING THE PRICE MENU. SO THAT WILL BE BASED ON LIKE PROBABLY THE AVERAGE. DRAW.
SO AVERAGE IS LIKE $20 PER PERSON. OKAY. ONE DISH, ONE DISH. OKAY. AVERAGE LIKE 18 TO 20. OKAY. THANK YOU. I HAVE ONE QUESTION TOO. AND I'LL START WITH WELCOME TO NORTH LAKE.
EXCITED TO HAVE YOU JOIN THE NORTH LAKE BUSINESS COMMUNITY. AND I'M REGRETTING NOT HAVING EATEN BEFORE I CAME HERE. MY QUESTION IS IN REGARDS TO A LOT OF YOUR STATISTICS AND PREPARATIONS INDICATE THE FIGURES ARE BASED ON THE STABILIZED ANNUAL TAX. WHEN ARE YOU ANTICIPATING THAT YOUR BUSINESS WILL REACH THAT STABILIZED STATUS? IT USUALLY TAKES SIX MONTHS TO BE STABILIZED. BUT LIKE NORTH LAKE IS VERY BOOMING AND THERE IS A LOT OF COMMUNITY LIKE, LIKE A MASTER COMMUNITY ALREADY HERE. SO THERE SHOULD BE LESS THAN SIX MONTHS. ALL RIGHT. AND ALSO A CROSS STREET IS THE COMMUNITY SENIOR CENTER, SENIOR COMMUNITY.
YEAH. SO THEY ALREADY YEAH, THEY ARE ALSO THEIR POTENTIAL CLIENT. YEAH. IT'S A UHE. YEAH.
OUR RESTAURANT. SO HE WILL BE DOING MORE TRAFFIC TRAFFIC. AND OUR RESTAURANT IS THE STREET FROM RESTAURANT. WE, WE HAVE LIKE A FRONTAGE FOR THE HIGHWAY. YEAH. SO THERE WILL BE AND ALSO OUR NEIGHBORS LIKE A LOT OF WORK CAFETERIA RESTAURANT AND ALSO LIKE A PET SPA, PET CLINIC.
AND WE, IT'S ALREADY FULLY LEASED. SO YEAH, IT'S NOT LIKE A WEEKEND PLAZA. YEAH, IT'S A FULLY LEASED. WE ARE THE LAST BUILDING. YEAH. HIGHLY VISIBLE TOO. RIGHT ON THE FRONTAGE.
YEAH. IT'S ON THE FRONTAGE. YOU WILL SEE US. YEAH. THANK YOU. OKAY. I DON'T HAVE ANY MORE QUESTIONS. NOR DO I. THANK YOU THANK YOU. THANK YOU ALL VERY MUCH. GOOD NIGHT. WELCOME TO NORTHWEST. OKAY, NATHAN. SO ARE WE MOVING INTO. THAT WAS OUR PUBLIC HEARING. ARE WE MOVING TO A PUBLIC HEARING? SORRY, I DIDN'T PREPARE ME FOR THIS TODAY. IF YOU'D LIKE TO GO INTO EXECUTIVE SESSION. OKAY. FIRST, I WOULD LIKE TO. OKAY. YEAH. AND SO WE NEED TO MAKE A MOTION TO GO INTO EXECUTIVE SESSION. NOPE. WE CAN JUST ADJOURN TO EXECUTIVE SESSION. IT IS 6:20
[5. EXECUTIVE SESSION]
P.M. AND WE WILL JOIN IN EXECUTIVE SESSION UNDER SECTION. YEAH. UNDER SECTION 551087.ECONOMIC DEVELOPMENT NEGOTIATIONS. ARE WE READY TO GO? SO I NEED TO CLOSE THE
[6. RECONVENE INTO OPEN SESSION]
[00:50:08]
EXECUTIVE SESSION NOW. WE'RE ALL GOOD TO CLOSE. OKAY. SO SO WE'LL RECONVENE FROM EXECUTIVE SESSION AT 6:36 P.M. AND WE WILL NOW OPEN UP PUBLIC HEARING. IS THAT CORRECT? OKAY. AGAIN AT 6:36 P.M. AND WE'LL OPEN UP A PUBLIC HEARING ON THIS MATTER. OKAY. I DON'T BELIEVE ANYONE'S GOING TO SPEAK. SO WE'LL GO AHEAD AND CLOSE THAT AT 6:36 P.M. AND THEN NEXT. SO DO WE[4.B.i. VOTE]
[4.B.ii. Consider Approval]
NEED TO MOVE ON TO THE SECOND ITEM? CONSIDERABLE APPROVAL. OKAY. AND WE'LL MAKE A MOTION HERE TO CONSIDER APPROVAL OF THE PIONEER GRANT AND PERFORMANCE AGREEMENT AS PRESENTED. AS PRESENTED OR AS DISCUSSED IN EXECUTIVE SESSION. YEAH. SO YEAH, IF YOU PROVIDE THE THE AMOUNT AND THE MINIMUM CAPITAL INVESTMENT AND THE NUMBER OF JOBS, AND THEN WE'LL PUT THAT INTO A PERFORMANCE AGREEMENT THAT MIGHT BE AN APPLICANT QUESTION THE NUMBER OF JOBS. YEAH. THANK YOU MAYOR. DO YOU WANT TO. DOES THE APPLICANT WANT TO COME UP? WE HAVE A QUESTION. ON THE NUMBER OF JOBS. WE WANTED TO KNOW. THERE WAS A THERE WAS A AN ABOUT ABOUT EIGHT JOBS AND THE NUMBER OF JOBS. IS THERE A NUMBER OF JOBS THAT YOU WOULD FEEL COMFORTABLE COMMITTING TO? SO YOU WANT TO LIKE A DETAIL. WHAT'S YOUR GOAL FOR EIGHT JOBS? JUST A NUMBER. JUST NUMBER. SO. IS THAT RIGHT? YES. THIS WOULD JUST BE A MINIMUM THAT YOU WOULD HAVE TO MAINTAIN THROUGHOUT THE FIVE YEAR TERMS OF THE AGREEMENT. YEAH. EIGHT.OKAY. AND WOULD ALL THOSE BE FULL TIME OR IS THAT A MIX OF PART TIME AND FULL TIME FULL TIME. SO MIXED FULL TIME AND PART TIME. OKAY. OKAY, OKAY. AND JUST TO MAKE SURE WE UNDERSTAND THE CONTENT CON, THE, THE DEFINITION OF A FULL TIME EQUIVALENT. SO IF YOU HAD EIGHT EMPLOYEES WORKING 20 HOURS A WEEK, THAT'S ONLY FOUR FULL TIME EQUIVALENT EMPLOYEES. SO WE NEED A, WE NEED THE FULL TIME EQUIVALENT. THERE'S EIGHT PEOPLE, BUT THEY'RE NOT ALL WORKING FULL TIME. THEN THAT'S GOING TO BE LESS THAN EIGHT FULL TIME EQUIVALENTS. DOES THAT MAKE SENSE? FULL TIME. FULL TIME. MANAGER AN ISSUE. OKAY. THE MANAGER WILL BE FULL TIME. WHAT ELSE? OKAY. AND CHEF. PATRON, THE WAITRESS WILL BE FULL TIME. OKAY. AND SOME KITCHEN PREPARE WORK WILL BE FULL TIME. SO TO SAY THAT BACK TO YOU FIVE FULL TIME EMPLOYEES IN ADDITIONAL PART TIME EMPLOYEES AS AS SERVERS OR OTHERWISE HOSTESSES OR. MANAGER CHEF. YOU YOUNGER. WAITRESS. SO ABOUT FIVE FULL TIME. SO MANAGER, CHEF AND KITCHEN WORKER AND TO WAITER OR WAITRESS. OKAY, OKAY OKAY. THANK YOU. OKAY. ARE THERE ANY OTHER QUESTIONS? OKAY, SO WE WANT TO CONSIDER APPROVAL OF THE PIONEER GRANT AND PERFORMANCE AGREEMENT FOR CHEF ASIAN KITCHEN. WITH THE AGREEMENT OF FIVE FULL TIME EMPLOYEES AND A GRANT AMOUNT OF 35000. AND THEN, SORRY, WHAT WAS THE OTHER WHAT WE WERE DOING? YEAH. I WANT TO DELINEATE THAT FOR, FOR THE THE BUSINESS OWNER. SO AS WE LOOK AT SOME OF THE GUIDELINES WE HAVE FOR WHAT THESE GRANTS ARE SUPPOSED TO BE REALLY KIND OF STUCK ON THE FIVE YEAR PAYBACK. SO BASED ON THE TOTAL TAX RATE, RETURN FOR THE SALES TAX AT A
[00:55:03]
FIVE YEAR RATE WAS RIGHT AT THAT 35,000. SO THAT'S WHY WE'VE KIND OF DELINEATED INSTEAD OF THE 50. WE'VE GONE TO 35,000. SO THAT'S REALLY KIND OF HOW THAT WAS OUR THINKING TO GET THERE. WAS THAT PAYBACK STAYING WITHIN THE GUIDELINES WE HAVE FOR THAT 4 TO 5 YEAR PAYBACK. SO THAT'S WHY WE WENT TO 35,000. OKAY. SO OKAY. WE UNDERSTAND. THANK YOU FOR CLARIFICATION. YES, MA'AM. OKAY. ANY OTHER DISCUSSION? OKAY. SO WE NEED TO MAKE A[4.B.ii. VOTE]
MOTION FOR APPROVAL. I'LL MAKE A MOTION THAT WE APPROVE THE GRANT WITH THE CAVEAT THAT THE TOTAL GRANT AMOUNT IS $35,000 WITH A FULL FIVE FULL TIME EMPLOYEES FOR THE BUSINESS. ANY SECOND. I'LL SECOND THAT. ALL IN FAVOR? AYE, AYE. ANY OPPOSED? MOTION PASSES. THANK YOU SO MUCH. THANK YOU VERY MUCH. WELCOME TO NORTH LAKE. WE LOOK FORWARD TO EATING THERE.LOOKING FORWARD. THANK YOU. THANK YOU. OKAY. AND THEN WE'LL MOVE ON TO ITEM THREE. I'M SORRY. ITEM TWO. WE JUST DID PIONEER GRANT POTENTIAL ECONOMIC DEVELOPMENT AGREEMENT FOR PROJECT AARDVARK WITHIN THE TOWN OF NORTH LAKE. PURSUANT TO TOWN INCENTIVES POLICIES. WE HAVE NOTHING NEW TO DISCUSS ON THE OTHER EXECUTIVE SESSION ITEMS. OKAY. AND THEN THAT INCLUDES ITEM THREE AS WELL POTENTIAL ECONOMIC DEVELOPMENT AGREEMENT FOR PROJECT GOTHAM WITHIN THE TOWN OF NORTH LAKE, PURSUANT TO TOWN INCENTIVE POLICY. NOTHING. OKAY. PERFECT.
SO RECONVENE INTO OPEN SESSION. YEAH. SO I NEED A MOTION TO ADJOURN. MOTION TO ADJOURN.
SECOND. ALL IN FAVOR? AYE, AYE. OKAY. IT IS
* This transcript was compiled from uncorrected Closed Captioning.