[00:00:03]
[1. Call to Order]
WE CAN ALL STAND AND DO THE PLEDGE OF ALLEGIANCE.ALL RIGHT, WE'LL DO THE ROLL CALL. WE HAVE SETH.
JENA. WE'RE JUST MISSING JOHN MESA.
[3. Approval of Minutes]
22ND. I'LL OPEN THE FLOOR FOR COMMENTS. MOTION TO APPROVE THE MINUTES OF THE REGULAR MEETING MINUTES FROM SEPTEMBER 22ND, 2026. SECOND. SECOND. ALL IN FAVOR? ALRIGHTY.[4. Chair's Report]
SIGNED THE SALE OF THE CITY CENTER PROPERTY. SO WE SHOULD ALL TAKE A BOW OURSELVES.BUT I ALSO WANTED TO RECOGNIZE SOME OF THE PEOPLE THAT CONTRIBUTED TO THIS THAT AREN'T HERE, OBVIOUSLY. MATT SITTER, AS THE CHAIR, REALLY BROUGHT US OVER THE FINISH LINE THERE AT THE END AND VERY GRATEFUL FOR HIS WORK.
SO I WANTED TO MAKE SURE THAT'S PUBLICLY STATED.
OF COURSE, EVERYBODY ON THE DDA CURRENTLY, JONATHAN, ESPECIALLY ON THE FINANCIALS.
BUT I WANTED TO JUST LIST THE NAMES OF FORMER DDA MEMBERS THAT DID A LOT OF WORK OVER THE YEARS WHILE MAYBE WHAT THEY WORKED ON DIDN'T HAPPEN HERE. IT STILL WAS A FOUNDATION TO GETTING US HERE.
AND I THINK THERE'S A LOT OF LESSONS LEARNED FROM THE PAST GOES AT IT.
SO I JUST WANTED, FOR THE RECORD AND FOR THE MINUTES, NAME FORMER DDA MEMBERS.
ANDY TAN FROM HOPSTICKS. LESLIE ROBSON, DAVE CARTER, VAN PAPPAS, ROBERT POND AND ESPECIALLY OUR FORMER CHAIR, ROBERT SMITH, BEFORE BRIAN. SO I JUST WANT TO GET ALL THOSE NAMES ON THE RECORD AS PEOPLE THAT CONTRIBUTED TO REALLY THE HISTORY WE'VE MADE ON FRIDAY SELLING THE PROPERTY. SO IT'S GOING TO BE A GREAT PROJECT.
AND FROM WHAT. I THINK WE ALL HAVE HEARD, THERE'LL BE FENCES GOING AROUND THE PROPERTY IN THE NEXT COUPLE OF WEEKS, MAYBE A MONTH. DON'T HOLD US TO THAT, I GUESS.
IT'S NOT OUR PROPERTY ANYMORE, BUT YEAH, SO WE'LL START SEEING SOME DIRT MOVE HOPEFULLY SOON.
[5. Financial Report]
YEAH. I ECHO MICHAEL'S SENTIMENTS ON A BIG THANK YOU TO EVERYONE.IT FEELS GREAT THAT WE CLOSED AND GOT TO PAY OFF ALL OF OUR DEBTS.
SO OUR TWO LOANS WITH UNITED AND THEN OUR LOAN WITH THE CITY HAVE BEEN PAID IN FULL.
BUT THAT IS THE CASE AND WE ARE LOOKING FORWARD TO RECEIVING OUR ADMIN PAYMENTS FROM ALL OF OUR PROPERTIES THAT ARE OUT THERE AND OWE THEM OVER THE NEXT PROBABLY 30 OR 45 DAYS. SO UNLESS THERE'S ANY QUESTIONS ON THE FINANCIALS, ALL IS GOOD.
JUST AS A, I GUESS A POINT TO CONSIDER, WE MAY WANT TO LOOK AT OPTIONS FOR INVESTING THOSE MONIES FOR WHATEVER TERM WE DETERMINE.
JUST AS A SORT OF AN ASIDE, DEB HERREN WHO WAS THE LOAN OFFICER THAT ARRANGED A LOT OF THE FINANCIAL IS NO LONGER WITH UNITED. AND SHE JUST CALLED ME JUST TO CHECK IN AND SAY, HEY, DO YOU ALL HAVE ANY PLANS? AND, YOU KNOW, WOULD YOU BE INTERESTED IN RECEIVING A PROPOSAL FOR INVESTMENT OPTIONS FOR THOSE FUNDS.
BUT JUST MIGHT BE SOMETHING TO CONSIDER WHEN WE LOOK AT, YOU KNOW, THE DDA'S PLANS FOR THOSE FUNDS.
[00:05:01]
YEAH, ABSOLUTELY. AND I SHOULD MENTION THAT ASHLEY AND I AND MATT ARE ALL WORKING ON A REVISED 26 BUDGET AND ALSO A 27 BUDGET.SO I THINK, AT A MINIMUM, THE 26 REVISED BUDGET WILL PROBABLY BE READY AT THE NEXT MEETING.
LIKELIHOOD IT WOULD BE 27 AS WELL. SO THAT'S SOMETHING WE CAN CONSIDER AS PUTTING SOME MONEY IN AN INVESTMENT OR RESERVE ACCOUNT OR WHATNOT. SO, THANKS. ARE THERE. I IMAGINE THERE'S RULES AROUND WHAT WE CAN DO WITH THE MONEY AND ARE WE ALLOWED TO INVEST ONLY A CERTAIN AMOUNT OF IT OR, YOU KNOW, IS THERE GUIDELINES THERE? I THINK THAT'S A QUESTION PROBABLY FOR OUR COUNSEL, EXACTLY.
BUT I DON'T BELIEVE SO. THE BIGGEST RESTRICTIONS ARE HOW WE CAN BORROW MONEY.
I THINK WHEN WE HAVE FUNDS, I DON'T KNOW THAT OUR OPTIONS ARE RESTRICTED IN WHAT WE NEED TO DO WITH THAT, BUT IT'S CERTAINLY A CONSIDERATION THAT I'VE NEVER HAD REALLY THE PLEASURE TO BE, YOU KNOW, LOOKING AT BEFORE. BUT I DON'T KNOW THE ANSWER.
OKAY. YEAH. DOES SEEM LIKE OUR FIDUCIARY RESPONSIBILITY TO GET INTEREST ON THAT AMOUNT OF MONEY AND WOULD BE IRRESPONSIBLE TO NOT GET SOME KIND OF LOCKED IN INTEREST ON IT, SO. COMPOUND IT. YEAH. ALL RIGHT. ANYTHING ELSE? OLD BUSINESS. I DID WANT TO POP IN FOR OLD BUSINESS REAL QUICK, JUST FOR A REMINDER.
[6. Old Business]
ONE ABOUT THE REGULAR MEETING CALENDAR. SINCE THE QUESTION CAME UP EARLIER THIS WEEK NEXT MEETING IS GOING TO BE TUESDAY, NOVEMBER 17TH AT 4:30. AND THEN THE MEETING AFTER THAT WILL BE TUESDAY, DECEMBER 15TH AT 4:30.SO THOSE WERE CHANGED SIMILAR TO PREVIOUS YEARS.
SO JUST KIND OF A REMINDER FOR THAT. AND THEN ANOTHER REMINDER.
I'VE SENT A COUPLE EMAILS ABOUT THIS, BUT THE DDA MEMBERS ARE REQUIRED TO HAVE ANNUAL TRAINING.
AND WE SHOULD EXPECT THE NOVEMBER AND DECEMBER DATES TO BASICALLY ALWAYS BE MOVED UP EVERY YEAR ALIGNING WITH COUNCIL'S MEETINGS? YES, THEY SHOULD BE. YOU DO ADOPT A CALENDAR AT THE END OF THE YEAR FOR THE FOLLOWING YEAR.
SO I BELIEVE WE'VE DONE THAT FOR THE PAST TWO YEARS NOW.
VERY GOOD. OKAY. THANK YOU. ON TO NEW BUSINESS.
[7. New Business]
WE DO HAVE TWO MOTIONS WE NEED TO WORK THROUGH HERE.ASHLEY, DID YOU WANT TO EXPLAIN? YES. SO FOR THIS ONE, YOU'LL SEE IT DOES SAY 2024.
AND THAT IS CORRECT. SO THIS WAS ACTUALLY AROUND THE TIME RIGHT BEFORE I STARTED, WHEN MY POSITION WAS VACANT, TRACKSIDE SUBMITTED THEIR ANNUAL REPORT AND ADMINISTRATIVE PAYMENT.
AND IT DID GET REVIEWED BY COUNCIL AND WE DID RECEIVE THE CHECK AND DEPOSIT IT.
WE DID NOT APPROVE IT ON AN AGENDA THOUGH. SO THAT WAS JUST REALLY A CLERICAL ERROR.
SO REALLY THIS IS JUST KIND OF JUST MAKING THOSE THINGS CLEAR AND MAKING SURE THAT IS ON AN AGENDA.
BUT THIS WOULD JUST BE APPROVING THAT ANNUAL REPORT AND ADMINISTRATIVE PAYMENT.
AGAIN, THE MONEY HAS ALREADY BEEN RECEIVED. SO IT'S JUST APPROVING THAT FOR THE MINUTES.
OKAY. CAN I MAKE A MOTION AS CHAIR? DO I NEED SOMEONE ELSE? YEP. GO AHEAD, BRIAN. MOTION TO APPROVE THE TRACKSIDE 2024 ANNUAL REPORT AND ADMINISTRATIVE PAYMENT AS SUBMITTED.
DO I HAVE A SECOND? SECOND. ALL IN FAVOR? MOTION PASSES.
IT WAS REVIEWED AND APPROVED BY THE DDA'S COUNCIL.
AND THE AMOUNT IS $272,166.45. DO WE HAVE A MOTION ON THIS ONE? MOTION TO APPROVE THE OLIVER'S 2026 ANNUAL REPORT AND ADMINISTRATIVE PAYMENT.
SECOND. ALL IN FAVOR? ALL RIGHT. MOTION PASSES.
APPRECIATE YOUR THOROUGHNESS, ASHLEY, AND FINDING THAT ESPECIALLY ON THAT 2024 PAYMENT.
ALL RIGHT. WE HAVE ANY PUBLIC COMMENT. WELCOME, BRIAN.
[8. Public Comment]
MAYOR BRIAN. GOOD EVENING. I DON'T KNOW IF THIS IS HERE.IT IS ON. FEELS WEIRD STANDING ON THIS SIDE, GUYS.
YOU WANT TO SWITCH SEATS? LIFE GETS REALLY BUSY AND I DON'T MAKE IT TO A LOT OF THESE MEETINGS, BUT IT WAS VERY IMPORTANT FOR ME TO BE HERE AT THIS ONE, TO SAY THANK YOU TO ALL OF YOU FOR CLOSING THIS DEAL ACROSS THE STREET.
[00:10:10]
THIS IS A. I HAVE NO DOUBT IN MY MIND THAT HAD IT NOT BEEN FOR COVID, WE WOULD BE STANDING HERE TODAY LOOKING AT SOMETHING BEAUTIFUL BECAUSE EVERYTHING WAS ON TRACK AND COVID STOPPED A LOT OF THINGS FOR A LOT OF PEOPLE.AND THIS HAS BEEN A VERY DIFFICULT PROJECT TO GET DONE.
VERY IMPORTANT, BUT VERY DIFFICULT. AND IT'S TAKEN UP THE BULK OF THIS DDA'S TIME TO GET IT DONE.
SO I'M GLAD TO GET THIS OFF OUR PLATE, OFF OF Y'ALL'S PLATE SO THAT YOU CAN FOCUS ON GETTING ME A HOTEL, BECAUSE THAT'S NEXT. GOTTA HAVE A HOTEL IN OUR DOWNTOWN.
BUT IT WAS IMPORTANT TO ME TO COME BY AND SAY THANK YOU, MATT, FOR GETTING ACROSS THE FINISH LINE.
HE'S NOT WITH US TONIGHT, BUT ALL OF THE HARD WORK, BRIAN, THAT YOU PUT INTO IT PRIOR TO MATT, THAT DOES NOT GO UNRECOGNIZED. AND AS YOU MENTIONED BEFORE THAT, ROB AND DAVE AND EVERYBODY THAT HAD A REAL HAND IN THIS AND EVERYBODY THAT'S SITTING UP HERE THANK YOU ALL FOR YOUR HARD WORK IN MAKING THIS HAPPEN.
AND I LOOK FORWARD TO TURNING SOME DIRT SOON.
AND THEN A RIBBON CUTTING AND SEEING SOMETHING SPECTACULAR ACROSS THE STREET.
NOW GO BY THE POST OFFICE. THANK YOU, GUYS. GREAT IDEA.
THANK YOU, MAYOR MARK. ANYTHING ELSE? DO WE HAVE AN EXECUTIVE SESSION TONIGHT? OKAY. BARRING THAT. MOTION TO ADJOURN. SECOND? SECOND. ALL IN FAVOR? ALL RIGHT. THANKS, EVERYONE.
* This transcript was compiled from uncorrected Closed Captioning.