Jul 08, 2025 City Council Meeting

[1. Call to Order, Roll Call, and Establishment of Quorum.]

[00:00:04]

>> GOOD EVENING. WELCOME. THE CITY COUNCIL OF THE CITY OF ANNA WILL MEET ON TUESDAY, JULY 8, 2025 AT 6:00 P.M IN THE ANNA MUNICIPAL COMPLEX, COUNCIL CHAMBERS, LOCATED AT 121 SEVENTH STREET TO CONSIDER THE FOLLOWING ITEMS. AGAIN, WELCOME TO THE CITY COUNCIL MEETING.

IF YOU WISH TO SPEAK ON AN OPEN SESSION AGENDA ITEM, PLEASE FILL OUT A OPINION AND SPEAKER REGISTRATION FORM AND TURN IT INTO THE CITY SECRETARY.

I DO HAVE FOUR FORMS. ONE FOR A PUBLIC HEARING, TWO FOR NEIGHBORS COMMENTS.

MAYBE THREE FOR NEIGHBORS COMMENTS.

FOR THE RECORD, WE DO HAVE A QUORUM.

COUNCIL MEMBER BAKER IS ABSENT THIS EVENING.

AT THIS TIME, I'LL GIVE OUR INVOCATION AND THE PLEDGE OF ALLEGIANCE.

OH, GOD, THANK YOU SO MUCH FOR THE OPPORTUNITY TO GATHER HERE THIS EVENING AND DO BUSINESS ON BEHALF OF THE CITY OF ANNA, OUR NEIGHBORS HERE AND THE STAFF OF THE CITY.

LORD, I PRAY THAT WE DO THINGS THAT WILL BE PLEASING IN YOUR EYES THIS EVENING.

LORD, I WANT TO LIFT UP ALL THE CITIZENS AND PEOPLE WORKING AND TRYING TO HELP EACH OTHER DOWN IN CENTRAL TEXAS.

I KNOW THAT THEY'VE BEEN THROUGH A REALLY BAD TIME, AND I PRAY FOR PEACE AND COMFORT FOR EVERYONE INVOLVED IN THAT.

THANK YOU FOR YOUR SON, JESUS, AND IT'S IN HIS NAME THAT I PRAY TONIGHT. AMEN.

>>

>> THAT'LL TAKE US ON TO AGENDA ITEM 3,

[3. Neighbor Comments.]

WE'LL START THIS EVENING WITH MR. TOM LONG MEYER.

>> GOOD EVENING, COUNCIL MEMBERS.

MY NAME IS TOM LONG MEYER.

I LIVE AT 3032 CROSSING DRIVE AT ANNA.

JUST A QUICK REQUEST, AS YOU GET TO ITEM 6B ON YOUR AGENDA, AND YOU LOOK AT POTENTIALLY AN INCREASE IN [INAUDIBLE] TAXES.

I THINK IT WOULD BE A GREAT TIME TO CONSIDER FREEZING THE TAXES ON SENIORS IN THIS CITY.

I THINK THIS IS THE ONLY TAXING AUTHORITY ON SENIORS IN THIS CITY THAT HAS NOT FROZEN AT THIS TIME. THANK YOU.

>> THANK YOU, SIR. NEXT UP, MR. TOBY TUCKER.

TOBY IS THE NEW SUPERINTENDENT FOR THE ANNA INDEPENDENT SCHOOL DISTRICT IN CASE YOU ALL DIDN'T KNOW HIM.

>> GOOD EVENING MAYOR, MEMBERS OF THE COMMISSION.

SHAME ON ME, I APOLOGIZE THAT THIS HAS TAKEN SO LONG FOR MYSELF TO COME AND INTRODUCE MYSELF REALLY TO YOU GUYS AND OTHER MEMBERS OF THE COMMUNITY.

REALLY, I WANTED TO JUST SAY THANK YOU.

APPRECIATE WHAT YOU DO FOR OUR COMMUNITY AND YOUR TOWN, AND PLEASE KNOW THAT US AT THE SCHOOLHOUSE, WE WANT TO BE A GREAT PARTNER.

IF YOU DON'T HEAR ANYTHING FROM US TODAY IS THAT WE VALUE YOU AND WE LOOK FORWARD TO GROWING OUR COMMUNITY TOGETHER AND LOOK FORWARD TO THE PARTNERSHIP.

THANK YOU SO MUCH FOR WHAT YOU DO.

AGAIN, I LOOK FORWARD TO GETTING TO MEET EACH OF YOU MORE INDIVIDUALLY.

I'M A MONTH FIVE ON THE JOB.

IT'S HARD TO BELIEVE, BUT I CAN TELL YOU THIS OUR FAMILY HAS ABSOLUTELY FALLEN IN LOVE WITH ANNA, AND WE JUST APPRECIATE THE WARM WELCOME AND SUPPORT.

THANK YOU, MAYOR. THANK YOU COMMISSIONERS.

IF THERE'S ANYTHING WE CAN DO, PLEASE LET US KNOW. THANK YOU GUYS.

>> THANK YOU, MR. TUCKER. NEXT UP, I'VE GOT BETTY SHARP.

>> BETTY SHARP WENT OUT 22 COUNTY ROAD 288 IN TEXAS.

UNLIKE THIS COUNCIL, WHICH IS TRAPPED PRETTY MUCH FOR 3 MINUTES WHEN I COME UP HERE TO SPEAK, I HAVE LEARNED IT IS NOT THAT EASY TO GET THAT ATTENTION OF INVESTORS AND DEVELOPERS.

AS YOU KNOW, I'VE BEEN TRYING TO ATTRACT LARGE WIDE ACREAGE INVESTORS.

THIS IS BECAUSE OF LIMITED TIME AND COLD CALLING.

THEY'RE NOT THAT HAPPY TO RETURN COLD CALLS.

I'M NOT GIVING UP, BUT I'VE COME HERE TO ASK FOR YOUR HELP.

BUT FIRST, I WANT TO TELL YOU ABOUT SOMETHING I DID FIND.

SIX MILES FROM THIS CITY HALL, ON 19 ACRES UNB INVESTMENTS, LLC IS DEVELOPING CATTLEMEN'S CROSSING.

THEIR LOTS ARE AT LEAST A FOURTH TO A FIFTH OF AN ACRE.

THIS IS IN MELISSA JUST SOUTH OF THROCKMORTON, EAST OF FIVE.

I GUARANTEE YOU, THEY'RE NOT DEVELOPING THAT FOR CHARITY.

[00:05:01]

I HAVE A CALL INTO THEM.

IT'S THOSE KINDS OF INVESTORS WE NEED TO ATTRACT TO THIS CITY, WHICH TAKES ME TO MY NEXT POINT.

FIRST FULL DISCLOSURE, I NOW OWN 12 SHARES IN TRI POINTE HOMES, I E OAKRIDGE DEVELOPMENT.

I DID THAT BECAUSE I WANTED TO LOOK AT THEIR FINANCIALS.

I GUARANTEE YOU EVEN THOUGH I'M AN UNEDUCATED PERSON, THEY'RE DOING WELL.

MY POINT IS THIS. TRI POINTE HOMES COULD AFFORD TO CONSIDER LARGE LOTS AND HOMES ON ACREAGE AS A VERTICAL MOVE IN THEIR MANAGEMENT COMPANY.

MR. FRENCH HAS BEEN VERY NICE AND OPEN TO TALK TO US, BUT I SEE NO REASON IN THE FINANCIALS WHY THEIR FINANCIAL SERVICES DIVISION OF TRI POINTE HOMES CAN'T MAKE A VERTICAL MOVE INTO SOMETHING OTHER THAN THEIR REGULAR SMALL LOT HOMES.

NEXT, I ASKED THE CITY COUNCIL, THE CITY MANAGEMENT, THE CITY STAFF, TO BE PROACTIVE IN TRYING TO ATTRACT LARGE LOT ACREAGE.

WE'VE DONE EVERYTHING WELL, TO GET A TAX BASE WITH MULTIFAMILY APARTMENTS.

YOU ALL KNOW THE DRILL.

WE'VE GOT ENOUGH OF THOSE.

WE NEED FOR ECONOMIC STABILITY LARGE LOTS AND HOMES ON ACREAGE.

YOU HAVE A JULY 17 ECONOMIC COUNCIL.

USE THAT TO ASK DEVELOPERS AND INVESTORS FOR HOMES ON ACREAGE AND LARGE LOTS TO SHOW UP.

INSTEAD, WHAT I FOUND WHEN I TRIED TO COLD CALL PEOPLE IS, OH, ANNA ISN'T GOING TO DO ANYTHING BUT MULTIFAMILY AND SMALL LOTS.

NOW, SOME OF THAT IS HEARSAY FROM PEOPLE AS OLD AS ME, AS I KNOW IN HIGHLAND PARK, I'M GOOD FRIENDS WITH A LOT OF PEOPLE DOWN THERE, AND THEY JUST DON'T SEE ANNA AS LARGE LOTS IN ACREAGE.

YOU NEED TO CHANGE THAT IMAGE.

I CAN'T DO IT BY MYSELF I'M 78.

I KNOW YOU'RE BUSY, BUT I'M A LOT SLOWER THAN YOU ARE SO HELP ME OUT HERE AND DO SOMETHING.

LET'S ASK MR. FRENCH AND OTHER DEVELOPERS TO TRY TO DO A VERTICAL BUSINESS MOVE AND GO TO LARGE LOTS ON ACREAGE.

I ALSO SENT YOU AN EMAIL ABOUT A VERY IMPORTANT COMMUNICATION POINT.

I THINK YOU NEED TO LOOK AT THAT AND YOU ALSO NEED TO LOOK AT WHY BOARDS HAVE BEEN NOT HAVING THE CONCEPT PLANS AND FULL INFORMATION PUBLISHED IN THE AGENDA THE TWO OR THREE DAYS BEFORE THE BOARD MEETING.

ON APRIL 7, I HAD TO COME UP HERE AND [INAUDIBLE] IT BECAUSE THE CONCEPT PLAN FOR OAKRIDGE WASN'T IN THE AGENDA.

IT WASN'T THERE. WE HAD TO COME UP AND SPEAK ABOUT IT WITHOUT KNOWING WHAT IT WAS.

THIS NEEDS AMENDMENT. I THANK YOU VERY MUCH.

>> THANK YOU, MA'AM. THAT'LL TAKE US TO AGENDA ITEM 4 RECEIVED REPORTS FROM STAFF OF

[4. Reports.]

STAFF HAVE ANYTHING? COUNCIL. SORRY, GO AHEAD, MARK.

>> YES, SIR. I'M GOING TO ASK TAYLOR LAW TO COME UP AND GIVE YOU AN UPDATE ON THE LEGISLATIVE SESSION, PLEASE.

>> GOOD EVENING, MAYOR AND COUNCIL.

AS YOU KNOW WE'VE BEEN FOLLOWING THE STATE LEGISLATURE DOWN IN AUSTIN SINCE JANUARY AND EVEN BEFORE THAT.

I WANTED TO JUST GIVE A QUICK RECAP OF SEVERAL BILLS, CULMINATION OF SOME OF OUR WORK, AND WHAT'S TO COME IN THE NEXT FEW DAYS.

I'LL GO PRETTY QUICKLY.

THIS IS JUST A SAMPLE OF INFORMATION BECAUSE THERE WERE OVER 9,000 BILLS AND JOINT RESOLUTIONS THAT WERE FILED, AND ALMOST A QUARTER OF THOSE WERE RELATED TO CITIES IN TEXAS.

OF THOSE THAT PASSED ABOUT 13% OF THOSE FILED MADE IT INTO LAW, AND AGAIN, OVER 260 OF THOSE THAT RELATE TO CITIES.

THIS, AGAIN, I'M NOT GOING TO GO THROUGH ALL 262.

JUST A SAMPLE OF SOME OF THE THINGS THAT WE WORKED ON AS STAFF, AND I GIVE A LOT OF KUDOS TO SEVERAL OF OUR DEPARTMENTS WHO WORKED TOGETHER, GAVE INFORMATION, THE PROFESSIONAL ASSOCIATIONS THAT MANY OF US ARE A PART OF GIVE INPUT AND INFORMATION ON THOSE.

I WANT TO JUST GO INTO WHAT WE HEARD BACK IN JANUARY WITH THE GOVERNOR ABBOTT'S EMERGENCY ITEMS. MOST OF THOSE WERE SIGNED INTO LAW, PROPERTY TAX RELIEF IN THE FORM OF INCREASING THE SCHOOL HOMESTEAD EXEMPTION,

[00:10:03]

SOME EXCITING STUFF.

SEVERAL OF THEM FALL UNDERNEATH YOUR LEGISLATIVE PRIORITIES, WHICH THIS BODY ADOPTED IN APRIL.

WE ENCOURAGE ON YOUR BEHALF, AND THOSE ARE PASSING THROUGH TO OUR REPRESENTATIVES AND OTHERS THROUGH TML, WE'RE ASKING THE LEGISLATOR TO CONTINUE TO PRESERVE LOCAL AUTHORITY, ADVOCATING AGAINST STATE PREEMPTION OF MUNICIPAL POWERS TO ENSURE DIRECT DECISIONS, REFLECT LOCAL COMMUNITY NEEDS.

TWO TO ENHANCE PUBLIC SAFETY.

SEEKING FUNDING AND LEGISLATIVE SUPPORT FOR LAW ENFORCEMENT RESOURCES AND THE LEGISLATURE DID DO THAT THIS SESSION.

INVESTING IN INFRASTRUCTURE TO PRIORITIZE FUNDING FOR TRANSPORTATION IMPROVEMENTS, WATER AND SEWER SYSTEMS, AND OTHER CRITICAL ITEMS FOR THE GROWTH OF THIS COMMUNITY AND OTHERS ACROSS TEXAS.

FINALLY, PROMOTING ECONOMIC DEVELOPMENT, SUPPORTING POLICIES AND PROGRAMS THAT WILL ATTRACT BUSINESSES, FOSTER ENTREPRENEURSHIP AND EXPAND THE LOCAL ECONOMY.

I'VE FRAMED THESE IN TERMS OF THOSE FOUR PRIORITIES AND THEN I'LL GET INTO SOME OF THE THINGS THAT WE WORKED REALLY HARD TO MAKE SURE THEY DIDN'T PASS, AND THEY DIDN'T, BUT WE WILL EXPECT THOSE TO COME BACK NEXT SESSION.

FIRST, PRESERVING LOCAL AUTHORITY, NUMBER ONE, HB 21 REFORMS THOSE HOUSING FINANCE CORPORATIONS, SO THEY MUST GAIN APPROVAL THROUGH A RESOLUTION OR ORDER FROM THE GOVERNING BODY OF EACH SPONSORING LOCAL GOVERNMENT WHEN OPERATING OUTSIDE OF ITS OWN JURISDICTIONS.

WE'VE HAD THAT HAPPEN IN THE METROPLEX IN ANNA THAT WILL BE A BIG HELP FOR US.

SB 1062 ALLOWS FOR DIGITAL NEWSPAPER NOTICES IN SOME INSTANCES.

WHAT WE'VE ALREADY SEEN AND STARTED ENACTING IS POSTING THE AGENDA FOR OPEN MEETINGS THREE BUSINESS DAYS, NOT JUST A GENERAL 72 HOURS.

THAT DOES MOVE THE TIMELINE UP.

THERE ARE TIMES THAT WE MAY NOT HAVE ALL THE INFORMATION IN THE PACKET TO BE ABLE TO POST THE MEETING, BUT WE'LL GET THOSE ADDED AS SOON AS WE CAN.

SOME OF THE THINGS THAT DID PASS THAT MAY HAVE BEEN PRESERVING LOCAL AUTHORITY, THAT'S WHY THEY'RE IN RED.

I APOLOGIZE FOR THOSE THAT MIGHT BE RED GREEN COLOR BLIND, BUT I CAN PUT THOSE IN ANOTHER FORMAT IF YOU NEED.

SB 15 ON TINY LOTS AND UNDEVELOPED AREAS.

THIS ALONG WITH SB 840, IT DOES HAVE SOME POPULATION BRACKETS FOR OVER 150,000 FOR THE CITY.

WHILE IT DOES NOT APPLY TO US RIGHT NOW, IT MIGHT BE SOMETHING THAT WE NEED TO BE AWARE OF IN THE FUTURE.

THIS WAS REFILED FROM LAST SESSION.

IT WAS A PRIORITY OF DAN PATRICK, WAS TO CAP THE MINIMUM LOT SIZE FOR GREEN FIELDS AND OTHER ZONING RESTRICTIONS FOR SMALL LOTS.

IF YOU'RE A CITY OVER 150,000, YOU'RE PRETTY MUCH LIMITED TO THOSE TINY LOTS NO MORE LARGE DEVELOPMENTS FOR YOU.

FOR SB 840 WAS ALLOWING MIXED USE AND MULTIFAMILY DEVELOPMENTS AND CONVERSIONS IN NON RESIDENTIAL AREAS.

IT ALLOWED IT ORIGINALLY AS FILED MULTIFAMILY TO GO IN ANY ZONING DISTRICT.

THAT'S SOMETHING THAT WE ARGUED AGAINST, AGAIN, THAT IS A POPULATION BRACKET, THAT DOES NOT APPLY TO US RIGHT NOW, BUT MAY IN THE FUTURE.

THERE WAS SB 1844, WHICH ALLOWS FOR THE DISANNEXATION OF MOST CITIES.

MOST CITY AREAS UNLESS THE CITY PROVIDES FULL MUNICIPAL SERVICES.

WE EXPECT THAT THIS MAY NEED TO GO THROUGH SOME OF THE TEXAS COURT SYSTEM.

IF SOMEONE'S ON SEPTIC OR BY CHOICE, OTHER AREAS, THERE'LL NEED TO BE SOME DEFINITIONS THAT MIGHT NEED TO BE WORKED OUT FROM THAT.

SB 785 AS FILED, WOULD HAVE ALLOWED MANUFACTURED HOMES IN ALL RESIDENTIAL DISTRICTS.

THE WAY IT ENDED UP COMING OUT WAS IT CLARIFIES THAT CITIES MUST ALLOW THE HUD CODE MANUFACTURED HOMES IN AT LEAST ONE RESIDENTIAL DISTRICT.

HB 4163 ALLOWS FOR AGRICULTURAL OPERATIONS, PREVENT CITIES FROM REQUIRING OWNERS OR LEASES OF AGRICULTURAL OPERATIONS TO MOW BE SHRED OR HOME MATERIALS ON A PUBLIC RIGHT OF WAY NEXT TO THEIR PROPERTY.

THEN HB 2559 PROHIBITS A CITY'S ABILITY TO ADOPT A DEVELOPMENT MORATORIUM WITHOUT CERTAIN PUBLIC HEARINGS AND NOTICES.

>> FOR ENHANCING PUBLIC SAFETY, THE UVALDE STRONG BILL TML WORKED WITH THE TEXAS CHIEFS ASSOCIATIONS OR T CORE PRETTY FREQUENTLY ON THIS ONE.

THIS IS A BILL THAT SOME OF THE THINGS THAT WE'RE ALREADY DOING, WORKING ON TABLETOP EXERCISES AND REPORTING REQUIREMENTS.

THAT WAS A GREAT BILL OF A SESSION FOR PUBLIC SAFETY.

ONE THAT WE ARE ALSO IN FAVOR OF WAS HB 1893, WHICH ALLOWS FOR LAW ENFORCEMENT AGENCIES TO RELEASE

[00:15:02]

WE HAVE HOURS AND HOURS OF VIDEO FOOTAGE THAT WE WERE HAVING TO REDACT THE LICENSE PLATE NUMBER.

UNDER PUBLIC INFORMATION, WE WILL NOT HAVE TO DO THAT.

THAT'LL SAVE A LOT OF TIME FOR THE REQUESTER AND ALSO FOR STAFF.

FOR 2373, SEEKS TO ENHANCE LEGAL PROTECTION FOR INDIVIDUALS AGAINST EMERGING THREATS POSED BY TECHNOLOGY.

FOR FINANCIAL SCAMS AND ABUSE, I'M GOING TO INSTITUTE PENALTIES AND CRIMINAL CHARGES AND SEEKS TO DETER MALICIOUS ACTIVITY, PROVIDING RECOURSE FOR VICTIMS OF FINANCIAL CRIMES WHEN IT COMES TO TECHNOLOGY THROUGH DIGITAL MEANS.

SB 2570 BY FLORES INTRODUCED A LEGAL FRAMEWORK PROVIDING THE DEFENSE FOR PEACE OFFICERS, PROSECUTED UNDER CERTAIN OFFENSES FOR LESS LETHAL PROJECTILE.

FOR EXAMPLE, AN OFFICER USES A TASER IN THE WAY THAT IT WAS MANUFACTURED AND BY POLICY, THERE COULD BE SOME CLARIFICATIONS AND LEGAL PROTECTIONS FOR THAT OFFICER.

I MENTIONED FUNDING RESOURCES.

THERE'S A NUMBER OF GRANTS FOR PUBLIC SAFETY THAT WERE APPROVED IN ROLE FIRE DEPARTMENTS THIS SESSION.

WE'RE GRATEFUL FOR THE LEGISLATURE FOR THOSE.

ALSO, IN REGARDS TO FUNDING, HJR 7 AND SB 7, IF APPROVED BY VOTERS IN NOVEMBER, WILL DEDICATE $1 BILLION A YEAR FOR 20 YEARS TO THE TEXAS WATER DEVELOPMENT BOARD FOR WATER PROJECTS IN THE STATE.

THAT WILL BE ON THE BALLOT THIS NOVEMBER.

THEN SB 1173 INCREASES THE PUBLIC BIDDING THRESHOLD FROM 50,000-100,000 JUST WITH THE COST OF PROJECTS, THAT WILL SAVE A LOT OF TIME AS WELL.

SB 924 REMOVES THE FRANCHISE FEE THAT CITIES CAN COLLECT ON STREAMING SERVICES.

THAT'LL BE A SLIGHT HIT FOR US.

RIGHT NOW, WE CHARGE FRANCHISE FEES FOR THOSE LIKE FOR NETFLIX AND OTHERS.

THERE WAS SOME OPPOSITION FOR CITIES, AND A LOT LARGER THAN US.

THAT WILL BE A BIG HIT, BUT IT WILL BE A DECREASE.

FOR HB 9 OR HJR 1 INCREASES TO THE BUSINESS PERSONAL PROPERTY TAX EXEMPTION.

AGAIN, THIS WILL BE A CONSTITUTIONAL AMENDMENT THAT'LL BE ON THE NOVEMBER BALLOT.

IF PASSED, IT'LL PROVIDE A PROPERTY TAX EXEMPTION FOR $125,000 OF THE MARKET VALUE OF TANGIBLE BUSINESS PERSONAL PROPERTY.

PREVIOUSLY, THE BASELINE WAS LESS THAN $2,500 OF TAXABLE VALUE, AND THAT WOULD GO INTO EFFECT ON JANUARY 1.

WE'LL BE TAKING A LOOK AT THAT WITH THIS YEAR'S BUDGET AS WELL.

FOR ECONOMIC DEVELOPMENT, THE CITY AND THE EDC WORKED WITH REPRESENTATIVE LEACH AND SENATOR PAXTON TO CREATE QUALIFIED HOTEL PROJECTS WITHIN THE CITY OF ANNA.

UNFORTUNATELY, THAT GOT SWEPT UP IN CALENDARS AND ENDED UP DYING IN THE SENATE.

NEITHER OF THOSE DID PASS, BUT WE WILL TRY AGAIN NEXT SESSION.

THEN FOR HB 500, IT APPROPRIATES UNEXPENDED AND UNOBLIGATED AN ESTIMATED $573 MILLION FROM LAST SESSION TO THE TEXAS SEMICONDUCTOR INNOVATION FUND.

THAT WOULD BENEFIT THOSE CITIES TO OUR NORTH AND TO SOUTH.

THAT COULD ALSO IMPACT US.

THAT WAS LAST SESSIONS CHIPS ACT, ENCOURAGING SOME SEMICONDUCTOR INVESTMENTS IN THE REGION.

RISING TIDE LIFTS ALL BOATS.

WHERE DO WE SPEND A LOT OF INFORMATION, A LOT OF WHAT TML DOES, A LOT OF WHAT WE DO? IT USUALLY FEELS PRETTY NEGATIVE.

LET'S OPPOSE BILLS.

WE DID HAVE SOME GOOD WINS THIS SESSION, AS I MENTIONED, BUT WE DID SPEND A LOT OF TIME WORKING ON SOME OF THESE ITEMS THAT WE WILL EXPECT TO SEE BACK NEXT SESSION OR EVEN POTENTIALLY IN THE SPECIAL SESSION THAT THE GOVERNOR HOUSE CALLED TO START ON THE 21ST.

EXPENDITURE CAPS, SUCH AS REQUIRING A CITY TO HOLD A NOVEMBER ELECTION IF THEY WERE TO SPEND MORE THAN THE PREVIOUS YEAR.

THAT WAS A LOT OF TIME.

HB 19 LIMITED THE AMOUNT OF DEBT AND HOW CITIES COULD USE IT, EVEN MORE THAN EXISTING.

SOME BILLS EVEN ALMOST DID AWAY WITH 380 ECONOMIC DEVELOPMENT AGREEMENT OR ELIMINATING THE ETJ WAS A BILL, REQUIRING A THIRD PARTY REVIEW OR PROVIDING AN OPTIONAL THIRD- PARTY REVIEW.

IF A DEVELOPER CAME IN AND SUBMITTED THEIR PLANS, STAFF REVIEWS THEM AND THEY DISAGREED WITH THAT, THEY COULD ASK FOR A THIRD-PARTY REVIEW AT THE CITY'S EXPENSE TO ALSO REVIEW THOSE PLANS.

THAT DID FAIL, BUT WE EXPECT TO SEE THAT BACK.

THERE WAS A REQUIREMENT TO ALLOW FOR ALL RESIDENTIAL USES INCLUDING MULTIFAMILY AND RELIGIOUS OWN LAND,

[00:20:01]

AGAIN, MULTIFAMILY IN ANY DISTRICT. CONDO PREEMPTIONS.

THERE'S A SUPER PREEMPTION BILL THAT ALLOWED THE ATTORNEY GENERAL TO INVESTIGATE ANY CITY ORDINANCE AT ANY TIME, AND IF THEY DIDN'T LIKE WHAT THEY FOUND, THEY COULD HOLD ALL YOUR TAXES, ESPECIALLY YOUR SALES TAX.

GO INTO MORE DETAIL. THERE'S SOME SEVERAL PUBLIC INFORMATION ACT CHANGES, SHORTENING SOME DEADLINES, REQUIRING MORE TRAINING.

THERE WAS ONE BILL FROM SENATOR BETTINACURT THAT WOULD REQUIRE EVERY PUBLIC MEETING TO BE BROADCASTED ON THE CITY'S WEBSITE.

THERE ARE SEVERAL PUBLIC MEETINGS.

WE DO A LOT OF THAT ALREADY.

THAT MIGHT BE VERY ONEROUS FOR SMALLER CITIES, MUCH SMALLER THAN US.

COMMUNITY CENSORSHIP SB 19 WOULD HAVE PROHIBITED THE USE OF PUBLIC FUNDS FOR LOBBYING SERVICES.

THIS MAY BE INCLUDED IN THE SPECIAL SESSION.

THAT WOULD ESSENTIALLY ELIMINATED THE USE OF TML TO GET INFORMATION SUCH AS THIS, OR POSSIBLY ANY OTHER PROFESSIONAL DEVELOPMENT ORGANIZATION THAT MIGHT BE ADVOCATING FOR CITY SERVICES IN AUSTIN.

PUBLIC SAFETY. WE WERE WATCHING THE SB 241 ON ENFORCING PUBLIC CAMPING VANS, AS WELL AS INCLUDING LANGUAGE ALLOWING LICENSE CARRY AND LEAST OWN CITY PROPERTIES.

FOR INSTANCE, THE CITY OF FRISCO OWNS THE LAND THAT THE ROUGH RIDERS PLAY ON, AND SOME OF THOSE MAY OR MAY NOT ALLOW FOR LICENSED CARRY.

THERE WAS SOME CONVERSATION ABOUT WHAT THAT MIGHT LOOK LIKE.

THOSE DID NOT MAKE IT THROUGH THE CALENDAR.

AS USUAL, EVERY SESSION THERE'S A BILL ELIMINATING THE MAY ELECTION DATES AND MOVING ALL ELECTIONS, ESPECIALLY DEBT ELECTIONS TO NOVEMBER.

FINALLY, ONE WAS VERY INTERESTING THIS YEAR, THE UTILITY RELOCATION.

IF WE HAD A PROJECT, USUALLY WE CAN ASK THE UTILITY COMPANY TO MOVE THEIR UTILITIES.

THIS WOULD REQUIRE US TO HAVE TO PAY FOR THOSE, WHICH WOULD BE SIGNIFICANT FOR A LOT OF OUR RIGHT AWAY PROJECTS AND INFRASTRUCTURE PROJECT.

WHAT WAS INTERESTING THOUGH, IS THAT WOULD NOT HAVE APPLIED TO TEXTO.

IF THERE'S A TEXTO PROJECT, AS WE DO NOW, WE WOULD HAVE TO MOVE OUR UTILITIES FOR THEIR PROJECTS. VERY INTERESTING.

BUT WAIT, THERE'S MORE.

THE GOVERNOR HAS ANNOUNCED A SPECIAL SESSION TO BEGIN ON JULY 21ST.

THE SPECIFIC AGENDA HAS NOT BEEN RELEASED YET IN HIS PRESS RELEASE, HE NAMED A FEW BILLS, INCLUDING SENATE BILL 3 THAT DID NOT PASS THIS LAST SESSION.

THAT WAS THE PRIORITY OF LIEUTENANT GOVERNOR DAN PATRICK, THAT WOULD HAVE PROHIBITED THE SALE OF NEARLY ALL CONSUMABLE HEMP PRODUCTS CONTAINING THC.

PRESS RELEASE ALSO REFERENCED RECORDING REQUIREMENTS FOR CERTAIN INSTRUMENTS CONCERNING REAL PROPERTY, PRODUCTION AND FEES FOR CERTAIN WATER PROJECTS, AND THE REGULATION OF WELLS.

HE ALSO MENTIONED CEMENT BATCH PLANTS, AND NEXUS SEMICONDUCTORS AS WELL AS PROCEDURES RELATED TO THE JUDICIAL BRANCH.

WE'LL BE KEEPING AN EYE ON THAT.

WE'LL SEND YOU KNOW AS SOON AS WE GET THOSE.

NEXT STEPS, WE'LL CONTINUE TRACKING THE SPECIAL SESSION.

THE TEXAS MUNICIPAL LEAGUES ANNUAL CONFERENCE WILL BE HELD IN FORT WORTH AT THE END OF OCTOBER.

THERE'S A FEW SESSIONS ALREADY ANNOUNCED FOR THE PROGRAM TALKING ABOUT WHAT THE IMPACT OF SEVERAL OF THESE BILLS THAT HAVE FILED ON PLANNING AND OTHER OPERATIONS.

TML ALSO CONNECTS DURING THEIR REGULAR BUSINESS MEETING.

THEY PUT TOGETHER THEIR RESOLUTIONS AND THEIR LEGISLATIVE PRIORITIES.

THAT'S SOMETHING TO KEEP AN EYE ON AS WE ARE A MEMBER OF TML.

WE'LL CONTINUE WORKING ON THE IMPLEMENTATION OF THIS WITH OUR LEGAL TEAM AND AS WELL AS OUR CITY DEPARTMENTS AS WE GET MORE INFORMATION AND GUIDANCE SINCE THE BILLS GOING INTO EFFECT IN SEPTEMBER AND JANUARY.

WITH THAT I'D BE HAPPY TO TAKE ANY QUESTIONS.

>> THANK YOU, TAYLOR. COUNSEL, ANY QUESTIONS?

>> YES, I HAVE 1 OR 2.

BY THE WAY, THANK YOU.

I DIDN'T GET REALLY A CHANCE TO THANK YOU FOR LAST WEEK'S OR LAST SESSION'S COMMUNICATION ABOUT ALL THE PROGRESS.

I APPRECIATE ALL YOU'RE DOING.

IN THIS CASE, BOILING DOWN 2,100 ITEMS TO ITEMS YOU THINK WE WOULD AFFECT THE CITY OF ANNA.

I THINK IT WAS YOUR THIRD SLIDE.

IT WAS SAID LEGISLATION 3 AND 4. BE ABLE TO BRING THAT UP.

>> WHAT ARE YOUR PRIORITY?

>> THERE IT IS. DO YOU HAVE ANYTHING YOU CAN EXPOUND UPON THIS AT THE MOMENT THAT YOU THINK WOULD BE ADVANTAGEOUS TO US,

[00:25:01]

>> WELL, THESE FOUR ITEMS ARE SPECIFICALLY WHAT THE COUNCIL ADOPTED AS THEIR PRIORITY.

I TAKE THOSE.

WE IMMEDIATELY ONCE ADOPTED, SENT THOSE TO OUR REPRESENTATIVES AND THE SENATOR SAYING, "IF THERE'S ANYTHING THAT DOES NOT INVEST IN INFRASTRUCTURE TAKES AWAY OUR ABILITY." LIKE THE UTILITY RELOCATION, THAT WOULD TAKE AWAY OUR ABILITY TO INVEST IN INFRASTRUCTURE.

TAKING AWAY RESOURCES THAT WE COULD INVEST IN INFRASTRUCTURE.

I WOULD SAY THAT THAT COULD FALL WITHIN THOSE.

THE BIG WIN FOR THAT WOULD BE THE CONSTITUTIONAL AMENDMENT FOR THE TEXAS WATER BOARD REDEVELOPMENT FUNDING SO THAT WILL BE ON THE BALLOT THIS NOVEMBER.

THEN PROMOTING ECONOMIC DEVELOPMENT, THEN THERE'S GOING TO BE BILLS EVERY SESSION WHERE LEGISLATURE WANTS TO TAKE THE TOOLS OUT OF THE TOOLBOX THAT WE CAN USE TO RETRACT AND RETAIN COMMERCIAL BUSINESS.

WE ADD THAT TO THE VERSE OF FAIR TAX BASE.

>> SURE. I WANT EVERYBODY BE AWARE OUR EXECUTIVE STAFF DOES A GREAT JOB OF SENDING OUT MEMORANDUMS TO THIS COUNCIL, AS WELL AS PUBLICLY ABOUT ITEMS THAT ARE GOING ON IN THE LEGISLATURE AND TEXAS SENATE AND THE GOVERNOR'S OFFICE THAT DIRECTLY AFFECT US.

TAKE A LOOK AT THAT ON OUR CITY'S WEBSITE.

>> THANK YOU.

>> I HAVE ONE MAYOR. ARE WE GOING TO TAKE ADVANTAGE OF THE GRANTS NOW THAT MAY BE AVAILABLE NOW FOR THE BULLETPROOF VEHICLES? WE HAVE OUR POLICE DEPARTMENTS GROWING, SO EVENTUALLY, WE'LL NEED ONE, AND THE GRANTS ARE AVAILABLE, I WOULD LIKE FOR US TO PROBABLY START APPLYING.

>> YES. WITH ALL THAT, ONCE THEY HAVE GUIDANCE ABOUT THE SIZE, HOW THEY WANT TO DISTRIBUTE THOSE, THE ENTITY IN WHICH AND HOW TO APPLY, WE'LL KEEP AN EYE OUT FOR THAT.

>> THANK YOU. OTHER THAN THAT, I APPRECIATE ALL THE WORK YOU DO AND I KNOW KIMBERLY ALSO DOES A LOT OF WORK ON THIS TOO.

>> THANK YOU.

>> ANYBODY ELSE? THANK YOU, MA'AM. APPRECIATE IT.

>> MAYOR ONE MORE BEFORE WE LEAVE THIS REPORT OR THIS SECTION, I THINK YOU GOT OVERSHADOWED ABOUT A LOT OF THINGS GOING ON, BUT MARK, I'D LIKE TO GIVE YOUR STAFF A HUGE ADD A BOY PAT ON THE BACK FOR BOOT AND BOOM ONCE AGAIN.

EVER SINCE YOU AND JEFF ARRIVED HERE, IT WAS A CHALLENGE THAT ALL ACCEPTED AND EVERY YEAR IT'S BETTER AND BETTER.

BUT TO BE HONEST, I JUST DON'T KNOW HOW IT'S GOING TO GET BETTER THAN WHAT WE HAD A COUPLE OF WEEKS AGO.

JUST THANK YOU FOR ALL OF THE STAFF FROM THE PUBLIC WORKS TO THE POLICE TO FIRE.

I KNOW IT WAS A TEAM EFFORT.

IT WAS AMAZING.

OUR NEIGHBORING CITIES FROM THE NORTH AND SOUTH ARE JEALOUS, SO WE APPRECIATE ALL THAT, WHAT THE STAFF DOES FOR US AND OUR NEIGHBORS. THANK YOU.

>> ANYONE ELSE? IF NOT, I'LL MOVE ON TO AGENDA ITEM 5 CONSENT ITEMS.

[5. Consent Items.]

ITEMS MAY BE CONSIDERED INDIVIDUALLY BY ANY COUNCIL MEMBER MAKING SUCH REQUESTS PRIOR TO A MOTION AND VOTE ON THE ITEMS. ANYTHING ANYONE WOULD LIKE TO PULL? IF NOT, I'LL ENTERTAIN A MOTION.

>> I MOVE WE APPROVE ITEMS 5A-D.

>> I SECOND THAT MOTION.

>> WE HAVE A MOTION AND A SECOND, IF YOU WOULD, PLEASE CAST YOUR VOTES.

MOTION PASSES UNANIMOUSLY.

THAT'LL TAKE US TO AGENDA ITEM 6.

[6. Items For Individual Consideration and Public Hearings.]

AT THE TIME AND PLACE OF ANY PUBLIC HEARING HELD DURING THIS MEETING, ALL PERSONS WHO DESIRE WILL HAVE AN OPPORTUNITY TO BE HEARD IN OPPOSITION TO OR IN FAVOR OF THE ORDINANCE, APPLICATION OR OTHER PROPOSED ITEM.

FIRST UP, WE HAVE ITEM 6A, CONDUCT A PUBLIC HEARING, CONSIDER DISCUSSED, AND ACT ON AN ORDINANCE REGARDING REQUEST TO ANNEX 808 PLUS OR MINUS ACRES AT FM 455 IN COWAN ROAD, ANNEX 25-0003, DIRECTOR OF DEVELOPMENT SERVICES, MS. STEPHANIE SCOTT SIMMS.

>> THANK YOU, MAYOR. GOOD EVENING, COUNCIL MEMBERS.

>> IN ACCORD WITH THE ANNEXATION DEVELOPMENT AGREEMENT THAT WAS APPROVED BY CITY COUNCIL AT ITS MEETING ON MAY 27TH, THE APPLICANT HAS SUBMITTED A PETITION TO VOLUNTARILY ANNEX 808 PLUS OR MINUS ACRES LOCATED AT FM 455 IN COUNTY ROAD, AND STAFF RECOMMENDS APPROVAL OF THE REQUEST.

>> AT THIS TIME I'M GOING TO OPEN THIS PUBLIC HEARING AT 6:50 PM.

I DO HAVE A SPEAKER CARD.

MR. TERRELL CULBERTSON IS HERE TO SPEAK ON THIS ITEM.

>> GOOD EVENING, MAYOR, MEMBERS OF THE COUNCIL.

[00:30:04]

I LIVE AT 10429 COUNTY ROAD 289, ANNA, TEXAS.

I WANT TO STATE UNEQUIVOCALLY, I AM NOT OPPOSED TO THE ANNEXATION OF THIS PROPERTY.

I UNDERSTAND THAT THAT IS THE NEXT STEP IN THE PROCESS AND DON'T HAVE A PROBLEM WITH THAT.

I WOULD LIKE TO TAKE THIS OPPORTUNITY TO ONCE AGAIN PUBLICLY REMIND THIS COUNCIL AND EVERYONE ELSE THAT THE PRE-ANNEXATION DEVELOPMENT AGREEMENT THAT WAS APPROVED BY THIS COUNCIL DID NOT GO BACK TO THE PLANNING AND ZONING COMMISSION BEFORE IT CAME TO YOU.

I UNDERSTAND YOU HAVE THE AUTHORITY TO DO THAT, BUT IT CAME TO YOU WITHOUT A RECOMMENDATION FROM PLANNING AND ZONING BECAUSE IT DID NOT GO TO THEIR REVIEW PROCESS.

THE CONCEPT PLAN, WHICH MS. SHARP POINTED OUT, WHICH WAS NOT IN THE AGENDA WHEN THE DISCUSSION OF THIS ITEM WAS ON PLANNING AND ZONING, THERE WAS NO ACTION ITEM, IS NOT IN COMPLIANCE WITH THE 2050 MASTER PLAN UPDATE THAT YOU ALL AND MANY OF US AND CITY STAFF SPENT MONTHS REVIEWING AND COMMENTING ON, AND THAT YOU FINALLY APPROVED.

SPECIFICALLY, THERE ARE THREE ELEMENTS IN THAT DEVELOPMENT PLAN AS A LAY PERSON THAT I CAN SEE VERY EASILY ARE NOT IN COMPLIANCE.

ONE OF THEM IS THAT THERE ARE TOWNHOUSES ON LAND THAT WAS DESIGNATED AS SUBURBAN LIVING, WHICH IS 6,000 SQUARE FOOT LOTS.

THERE'S SEVERAL MULTIPLE ACRES THAT HAVE TOWNHOUSES.

IN THAT SAME AREA, THERE IS A SIGNIFICANT COMMERCIAL PRESENCE ON THAT LAND THAT WAS DESIGNATED, APPROVED IN THAT MASTER PLAN UPDATE AS SUBURBAN LIVING, 06,000 SQUARE FOOT LOTS.

IN ADDITION TO THAT, ON THE OTHER SIDE OF THE ROAD, THERE ARE A NUMBER OF 40 BY 110-FOOT LOTS.

AGAIN, 4,400 SQUARE FEET IN LAND THAT WAS DESIGNATED AS SUBURBAN LIVING, 06,000 SQUARE FOOT LOTS.

WHEN I WAS ABLE TO GET A COPY OF THE CONCEPT PLAN, I ATTEMPTED TO EXPRESS THESE CONCERNS TO PLANNING AND ZONING, AND AS MS. SHARP INDICATED TO YOU EARLIER, WAS BLOCKED FROM MAKING THOSE COMMENTS, SINCE IT WAS NOT A PUBLIC HEARING ITEM.

IT WAS AN INFORMATION ITEM.

IN THE PAST, WE'VE BEEN ABLE TO MAKE COMMENTS, ASK QUESTIONS, REQUEST INFORMATION THROUGH THE STAFF TO PLANNING AND ZONING, AND BASED ON THE EMAILS THAT I RECEIVED BACK FROM THE FORMER ASSISTANT CITY MANAGER, THE PREVIOUS CITY MANAGER HAD CUT OFF THAT AVENUE OF COMMUNICATION.

I'D LIKE FOR YOU TO RECONSIDER THAT, AND I HOPE THAT THE ACTING CITY MANAGER AND WHOEVER THE FINAL CITY MANAGER IS, WHOEVER HE OR SHE MAY BE, REINSTATES THAT AVENUE OF COMMUNICATION, BECAUSE WE'RE NOT ATTEMPTING TO BE A THORN IN ANYBODY'S SIDE, WE'RE ATTEMPTING TO BE AS A POSITIVE PART OF THE PROCESS, AND OFFER COMMENTS AND INFORMATION THAT WE BELIEVE IS PERTINENT TO THE PROCESS, AND THAT'S ALL WE REALLY WOULD LIKE TO DO.

THOSE ARE MY COMMENTS ON THIS ITEM.

I REALIZE THAT THAT'S A LITTLE BIT BEYOND THE SCOPE OF THE ANNEXATION, BUT IT PERTAINS TO THIS PARTICULAR PIECE OF PROPERTY.

AS I SAID EARLIER, WE SPENT A LOT OF TIME ADOPTING THE UPDATE TO THE 2050 MASTER PLAN, AND THE VERY FIRST DEVELOPMENT THAT COMES IN HERE HAS AT LEAST THREE AREAS THAT DON'T COMPLY, AND IT WAS APPROVED WITHOUT THE NORMAL PROCESS.

WHY DID WE DO THAT? THANK YOU FOR YOUR TIME. HAVE A GOOD EVENING.

>> THANK YOU.

>> THANK YOU, SIR. COUNCIL, ANY QUESTIONS, COMMENTS? ANY OTHER CARDS? I'M GOING TO CLOSE OUR PUBLIC HEARING AT 6:55 PM. ENTERTAIN A MOTION.

>> MAYOR, I MAKE A MOTION THAT WE APPROVE ITEM 6A.

>> I'LL GO AHEAD AND SECOND THAT MOTION.

[00:35:02]

>> WE HAVE A MOTION AND A SECOND.

IF YOU WOULD, PLEASE CAST YOUR VOTES.

MOTION PASSES 5-1.

THAT TAKES US TO ITEM 6B.

CONSIDER, DISCUSS, AND ACT ON THE ADOPTION OF AN ORDINANCE AUTHORIZING THE ISSUANCE AND SALE OF UP TO $85,500,000 FOR THE CITY OF ANNA, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2025, TO FUND NEW POLICE STATION AND WASTEWATER TREATMENT PLANT EXPANSION PROJECT, LEVYING AN ANNUAL AD VALOREM TAX AND PROVIDING THE SECURITY FOR AND PAYMENT OF SAID CERTIFICATES OF OBLIGATION, APPROVING AN OFFICIAL STATEMENT AND ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT.

MS. TERRI DOBY, OUR BUDGET MANAGER.

>> GOOD EVENING, MAYOR AND COUNCIL.

I AM TERRI DOBY, BUDGET MANAGER, AND I'M HERE TO INTRODUCE OUR FINANCIAL ADVISOR, ANDRE AYALA, FROM HILLTOPSECURITIES.

HE IS GOING TO PRESENT TO YOU THE BID RESULTS AND TRANSACTION SUMMARY FOR OUR CERTIFICATES OF OBLIGATION, SERIES 2025.

>> GOOD EVENING, MAYOR, COUNCIL.

ANDRE AYALA WITH HILLTOPSECURITIES, A CITY'S FINANCIAL ADVISOR, HERE TO PRESENT THE RESULTS OF THE CERTIFICATE OF OBLIGATION THAT WAS PRICED THIS MORNING.

YOU MAY RECALL THAT WE WERE HERE IN MAY TO TALK ABOUT A PLAN OF FINANCE, TO ISSUE THE CERTIFICATES, TO FINANCE A PUBLIC SAFETY FACILITY AND WATER TREATMENT PLANT.

THE PROJECT FUND DEPOSIT THAT WE HAVE HERE IS $84 MILLION, AND THAT IS THE AMOUNT OF PROCEEDS THAT THE CERTIFICATES OF OBLIGATION WILL GENERATE BASED ON THE PRICING WE GOT THIS MORNING.

THIS IS A 25-YEAR TRANSACTION, AS WE DISCUSSED.

WE TAKE INTO ACCOUNT THE PRELIMINARY VALUES THAT WERE PROVIDED BY COLLIN COUNTY APPRAISAL DISTRICT FOR TAX YEAR 2025, AND THIS IS BIFURCATED INTO A PORTION OF THE PROJECT, THE 30 MILLION TO BE PAID BACK VIA THAT SERVICE PROPERTY TAXES, AND THE REMAINDER VIA SURPLUS REVENUES FROM THE WATERWORKS AND SEWER SYSTEM.

THE FINAL INTEREST RATE THAT WE GOT HERE WAS 4.77% AND THAT IS FIXED FOR THE ENTIRE TERM OF THE TRANSACTION.

THE BUDGETED INTEREST RATE THAT WE DISCUSSED BACK IN MAY WAS 4.98, SO WE CAME IN UNDER A BUDGET.

THE CITY'S BOND RATINGS WERE AFFIRMED BY BOTH STANDARD AND POOR'S AND MOODY'S, WHICH ARE THE TWO BIGGEST BOND RATING AGENCIES IN THE COUNTRY.

WE WENT THROUGH THE PROCESS WITH YOUR STAFF TO ANSWER ANY QUESTIONS THAT THEY WOULD HAVE, GO THROUGH THE ANALYSIS THAT THEY PUT TOGETHER, AND WE GOT AN AFFIRMATION FROM BOTH RATING AGENCIES AS A HIGH INVESTMENT GRADE RATING, AA BY STANDARD AND POOR'S, AND AA2 BY MOODY'S.

NOW THE GREAT NEWS, COUNCIL, IS THAT THAT LED TO 12 BIDS FOR THE BONDS THIS MORNING, WHICH IS NOT VERY COMMON.

THIS WAS A TRANSACTION THAT CAUGHT A LOT OF ATTENTION NATIONWIDE.

THE BIDDERS CAME IN FROM ALL ANGLES.

YOU HAVE SUPER REGIONAL FIRMS ALL THE WAY THROUGH WALL STREET FIRMS, LIKE JPMORGAN CHASE, MORGAN STANLEY, JEFFERIES.

A LOT OF PEOPLE SHOWED UP HERE.

THE BEST BID CAME IN FROM BOK FINANCIAL SECURITIES, WHICH IS A BRANCH OF THE BANK OF OKLAHOMA, BANK OF TEXAS.

THEY HAVE WORKED WITH THE CITY BEFORE, AND THEY PUT IN THE BEST BID AT 4.77% ROUNDING UP.

THE SECOND BEST WAS BANK OF AMERICA AT 4.78, ROUNDING UP AS WELL.

CONGRATULATIONS TO THE CITY.

YOU'VE GOT A LOT OF ATTENTION TODAY IN THE MUNICIPAL BOND MARKET.

BECAUSE OF OUR BOND RATING, WE DID NOT GO AND GET BOND INSURANCE, AND THE BOND UNDERWRITERS DID NOT REQUIRE BOND INSURANCE, BECAUSE OUR BOND RATING IS THE SAME AS ANYONE THAT WOULD HAVE THEORETICALLY ENHANCED OUR BOND RATING.

WE PUT THIS TOGETHER SO YOU CAN SEE THE NUMBERS, GET A LITTLE BIT INTO THE WEEDS.

THE FINAL PAR AMOUNT OF THE TRANSACTION OR THE FACE AMOUNT OF THE BOND IS GOING TO BE $82,275,000.

THE BID THAT WAS PROVIDED BY THE BOND UNDERWRITER PRODUCED A PREMIUM OF ALMOST $2.5 MILLION.

WHAT THAT MEANS IS THAT THE PIECE OF PAPER THAT THESE PEOPLE BOUGHT IS WORTH MORE THAN 100 CENTS IN THE DOLLAR.

THAT'S WHY WE ARE GENERATING PREMIUM HERE.

AS I DISCUSSED, THE PROJECT FUND DEPOSIT IS $84 MILLION THAT GOES STRAIGHT INTO THE CITY'S ACCOUNT FOR THE PROJECTS.

THE FINANCING COSTS ARE JUST THE CLOSING COSTS THAT ARE REQUIRED FOR LEGAL, FISCAL, ATTORNEY GENERAL, EVERYTHING THAT IS REQUIRED TO CLOSE THE TRANSACTION.

THE UNDERWRITER'S DISCOUNT IS THE FEE THAT BOK FINANCIAL SECURITIES TAKES TO PURCHASE THE BONDS.

THE FINAL DEBT SERVICE FOR THE 25-YEAR PERIOD IS $159.6 MILLION, THAT IS ROUGHLY SIX MILLION DOLLARS UNDER BUDGET BECAUSE OF OUR LOWER INTEREST RATE.

THEN THE AVERAGE P&I IS ABOUT $6.4 MILLION.

AGAIN, 2.3 ON THE GOVERNMENTAL SIDE,

[00:40:03]

I'M GOING TO SKIP THAT BECAUSE THAT'S JUST WANT TO DISCUSS, BUT THAT IS JUST A MATHEMATICAL PROOF THAT THAT TRANSACTION IS FINANCIALLY FEASIBLE, AND WE'VE WORKED ON THIS WITH YOUR BUDGET MANAGER.

SHE'S FULLY AWARE OF THAT.

AS FAR AS THE CALENDAR GOES, IF THIS COUNCIL DECIDES TO APPROVE THE ORDINANCE TONIGHT, OUR BOND ATTORNEYS WILL TAKE EVERYTHING TO AUSTIN, MAKE SURE THE AG SIGNS OFF ON IT, AND BY JULY 31ST, WE WILL BE CLOSING THE TRANSACTION, BONDS ARE DELIVERED TO THE BOND PURCHASER, AND FUNDS ARE WIRED TO THE CITY'S ACCOUNT, AS DISCUSSED IN THE PREVIOUS SLIDE WITH A SOURCE AND USES OF FUNDS.

MAYOR, COUNCIL, HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.

>> THANK YOU, ANDRE.

>> COUNCIL, ANY QUESTIONS, COMMENTS?

>> YES. FIRST, I WANT TO MAKE A COMMENT.

GREAT JOB COMING IN UNDER BUDGET.

FANTASTIC. I KNOW YOU GIVE US CONSERVATIVE NUMBERS ORIGINALLY.

JUST CAME IN EVEN BETTER THAN THAT. I REALLY APPRECIATE YOU.

ALSO, IF YOU COULD REITERATE, HOW BIG WAS THIS FOR US TO GET THESE MANY OFFERS? COULD YOU REITERATE THAT FOR US?

>> WHAT HAPPENED IS THAT THE CITY IS A VERY HIGH INVESTMENT GRADE-RATED CITY.

A LOT OF BOND PURCHASERS LIKE TEXAS BONDS.

WHY DO THEY LIKE TEXAS BONDS? BECAUSE THEY LIKE THE INSTITUTIONAL FRAMEWORK THAT WE HAVE HERE.

WE'RE ONE OF THE FEW STATES THAT ACTUALLY HAS A DEDICATED REVENUE SOURCE PAY FOR BONDS.

THAT IS A CREDIT POSITIVE.

WE ALSO HAVE THE REVIEW OF THE ATTORNEY GENERAL THAT DOESN'T HAPPEN IN A LOT OF STATES.

IT DOES HAPPEN HERE. THE INSTITUTIONAL FRAMEWORK IS GREAT.

THE CITY OF ANNA, THE NAME IS NOW A RECOGNIZED NAME IN THE MARKETPLACE.

PEOPLE TRADE ANNA BONDS EVERY DAY, PROBABLY.

THE SIZE OF THE TRANSACTION DOES ATTRACT WALL STREET AT $85 MILLION.

WALL STREET DOES PAY ATTENTION TO THAT.

IN ADDITION TO THE PEOPLE THAT HAVE WORKED WITH ANNA BEFORE, LIKE THE WINNER, WHICH WAS BOK FINANCIAL SECURITIES, THEY, AS YOU CAN SEE, MADE A POINT TO WIN THIS TRANSACTION, THEY CAME UNDER BUDGET.

THE FIRST AND THE SECOND BID ARE VERY COMPETITIVE.

IF YOU LOOK AT NUMBER 3 TO NUMBER 11, THEY'RE VERY TIGHT, AND [INAUDIBLE] ARE STILL GOOD, A LITTLE BIT OF AN OUTLIER, BUT STILL GOOD, AND WE APPRECIATE THEIR PARTICIPATION.

AGAIN, THE NAME, THE SIZE, INSTITUTIONAL FRAMEWORK, AND YOUR CREDIT RATING DOES HELP A LOT IN ATTRACTING INVESTORS.

>> THANK YOU. I REALLY APPRECIATE THAT BECAUSE ESPECIALLY FOR OUR DEVELOPING PARTNERS OUT THERE, I WANT THEM TO HAVE CONFIDENCE THAT NOT ONLY ARE WE ON OUR WAY TO BE A WORLD-CLASS CITY, WE'RE GOING TO BE A NATIONAL-LEVEL CITY AS WELL PRETTY SOON.

THANK YOU FOR THAT. NOW, THE OBVIOUS QUESTION IS GOING TO BE, ULTIMATELY, IS THIS A TAX INCREASE?

>> WHAT WE HAVE MODELED HERE MAY REQUIRE A LITTLE BIT OF AN ADJUSTMENT ON YOUR DEBT SERVICE TAX RATE, WHICH WE DISCUSSED BACK IN MAY, TO ACCOMMODATE THE FUNDING.

I DON'T HAVE A FINAL ANSWER RIGHT NOW.

WE'LL HAVE TO RELY ON OUR STAFF TO ANALYZE THAT NUMBER ONCE WE GET THE CERTIFIED VALUES HERE IN ABOUT TWO WEEKS.

BUT WE DID DISCUSS A POSSIBLE ADJUSTMENT TO OUR DEBT SERVICE TAX.

I'LL LET TERRI IF SHE WANTS TO MAKE COMMENTS.

>> WE HAVE FIVE DAYS LEFT IN THE APPRAISAL SEASON, AS WE SAY.

I'M GETTING NUMBERS EVERY EVERY MONDAY.

I'M ALWAYS GOING TO START, AS ANDRE DID, WITH OUR, I DON'T WANT TO CALL IT OUR BLEAKEST PICTURE, BUT THE MOST CONSERVATIVE PICTURE.

>> I WILL TELL YOU THAT WHILE THERE IS NO WAY TO ISSUE $30 MILLION IN DEBT WITHOUT A SMALL TAX INCREASE, THINGS ARE LOOKING BETTER.

EVERY TIME I GET NUMBERS FROM THE APPRAISAL DISTRICT, THEY'RE A LITTLE BETTER.

I DON'T HAVE FINAL RESULTS, BUT WE WILL HAVE TO HAVE A SLIGHT TAX INCREASE TO COVER THIS.

>> WHEN WILL YOU HAVE THE FINAL NUMBERS, APPROXIMATELY?

>> THEY'RE LEGALLY REQUIRED TO GET THEM TO ME BY JULY 25TH.

>> PERFECT.

>> THEY ARE PRETTY CLOSE.

THEY FEEL THEY'RE GOING TO BE DONE WITH HEARINGS FRIDAY AT NOON.

NEXT MONDAY'S REPORT WILL BE VERY, VERY CLOSE.

IT WILL NOT BE THE CERTIFIED VALUE, BUT IT WILL BE AFTER ALL THE ARB HEARINGS.

>> PERFECT. THANK YOU FOR EXPLAINING THAT.

NOW, ONE FINAL QUESTION.

THERE'S NO GROWTH ASSUMPTION THERE.

HAVE YOU LEFT ANY ROOM FOR ANY SOFTENING OF THE GROWTH ASSUMPTIONS?

>> THAT'S A GREAT POINT. WHAT WE DID WAS TO ACCOUNT FOR OUR PRELIMINARY VALUES IN TERMS OF GROWTH, WHICH IS ABOUT HIGHER THAN 9%.

IN THE FUTURE, WE ONLY PLUGGED IN THREE YEARS OF GROWTH AT HALF THE RATE THAT EXPECTED TO GROW THIS YEAR, WHICH IS 5% IN THE SUBSEQUENT THREE YEARS.

WE BELIEVE THAT IS CONSERVATIVE BASED ON WHAT WE SEE HERE IN ANNA.

[00:45:04]

I JUST HEARD ANOTHER ANNEXATION.

THE CITY IS POISED TO GROW MOST LIKELY FASTER THAN WHAT OUR GROWTH ASSUMPTION THIS YEAR. FIVE PERCENT FOR THREE YEARS.

>> THANK YOU FOR CLARIFYING THAT.

THAT WAS FANTASTIC. APPRECIATE YOU. GREAT JOB, GUYS.

>> COUNCIL, ANYONE ELSE? MAKE A MOTION TO APPROVE.

>> I'LL SECOND.

>> WE HAVE A MOTION AND A SECOND, IF YOU WOULD, PLEASE CAST YOUR VOTES.

MOTION PASSES UNANIMOUSLY.

THAT'LL TAKE US ON TO A LOT OF READING FOR ME.

ITEM C. YOU MEAN JUST ROLL THROUGH THESE, BERNIE? FIRST READING OF A RESOLUTION, APPROVING A PROJECT INVOLVING A GROUND LEASE PURCHASE AGREEMENT AND PERFORMANCE AGREEMENT BETWEEN THE ANNA COMMUNITY DEVELOPMENT CORPORATION AND GTP FOOD GROUP, LLC FOR RESTAURANTS AND ENTERTAINMENT ON PROPERTY AND THE ANNA DOWNTOWN DISTRICT.

ITEM D, SECOND READING OF A RESOLUTION, APPROVING A PROJECT INVOLVING A GROUND LEASE PURCHASE AGREEMENT AND PERFORMANCE AGREEMENT BETWEEN THE ANNA COMMUNITY DEVELOPMENT CORPORATION AND GTP FOOD GROUP, LLC FOR RESTAURANTS AND ENTERTAINMENT ON PROPERTY IN THE ANNA DOWNTOWN DISTRICT.

NOW, ITEM E, CONSIDER, DISCUSS, AND ACT ON A RESOLUTION APPROVING A PROJECT INVOLVING A GROUND LEASE PURCHASE AGREEMENT AND PERFORMANCE AGREEMENT BETWEEN THE ANNA COMMUNITY DEVELOPMENT CORPORATION AND GTP FOOD GROUP, LLC FOR RESTAURANTS AND ENTERTAINMENT ON PROPERTY IN THE ANNA DOWNTOWN DISTRICT.

DIRECTOR OF ECONOMIC DEVELOPMENT, MR. BERNIE PARKER.

>> GOOD EVENING, MAYOR. GOOD EVENING, COUNCIL.

WHAT AN EXCITING NIGHT.

AS I MADE A MENTIONED BEFORE, COMING UP HERE TALKING ABOUT OUR DOWNTOWN DEVELOPMENT, I ALWAYS LEAD WITH IN 2022, THIS CITY COUNCIL, ALSO OUR CDC, EDC BOARD, MET TO ESTABLISH PRIORITIES OF DOWNTOWN LAND ACQUISITION, TO PROMOTE DEVELOPMENT.

I'M HAPPY TO SAY THIS EVENING THAT WE'RE CONSIDERING AN INCENTIVE GROUND LEASE AND A PERFORMANCE AGREEMENT WITH GTP FOOD GROUP THAT WILL BRING US FIVE RESTAURANTS IN A DOWNTOWN AREA WITH AN ENTERTAINMENT COMPONENT TO FACILITATE THAT DREAM AND THAT DIRECTION AT THIS BOARD, AS WELL AS THIS COUNCIL HAS GIVEN US.

WITHIN THIS PERFORMANCE AGREEMENT HAS OUTLINED INCENTIVES, CONDITIONS, TIMELY DELIVERABLES, AS WELL AS ISSUES THAT GTP FOOD MUST MEET TO RECEIVE THE INCENTIVE.

OUR CDC MET SPECIAL CALLED MEETING LAST NIGHT AND APPROVED THE RESOLUTION APPROVING THIS INCENTIVE AGREEMENT.

SOMETHING THAT I KNOW WILL DEFINITELY NOT ONLY BE AN ASSET TO THIS COMMUNITY, BUT ALSO BE A SPARK THAT WILL CONTINUE TO SEE DEVELOPMENT IN OUR DOWNTOWN AREA.

THIS CITY COUNCIL, AS WELL AS OUR NEIGHBORS, HAVE INVESTED IN A NEW CITY HALL.

WE HAVE A LIBRARY THAT'S ABOUT TO COME ONLINE. WE HAVE A PLAZA.

WE'VE DONE IMPROVEMENTS ALL AROUND CITY HALL, AND THIS IS A TESTIMONY TO THE ADVANCEMENT, NOT ONLY FOR THE CITY COUNCIL, CITY STAFF, TO TAKE A PROACTIVE APPROACH IN KICKING OFF DOWNTOWN DEVELOPMENT.

AS I MENTIONED BEFORE, ABOUT TWO YEARS AGO, THE CDC, ALONG WITH STAFF, PURCHASED APPROXIMATELY FIVE ACRES DOWNTOWN TO FACILITATE THIS, AND THEY GO OUT TO RECRUIT THESE BUSINESSES.

THE INVESTMENT THAT WE'RE MAKING, AS FAR AS AN INCENTIVE, AS WELL AS THE CONTRIBUTION OF THESE AGENCIES ARE BRINGING, WE SHOULD SEE A RETURN ON OUR INVESTMENT PROBABLY WITHIN THE LESS THAN FIVE YEARS.

I'D LIKE TO MENTION THAT THE PROPERTY THAT WE HAVE RIGHT NOW, THAT THE CDC OWNS, IS TAX-EXEMPT.

ONCE THE REQUIREMENTS ARE MET BY THIS GROUP, THIS WILL GO BACK ON THE ADD ARM TAXES, WHICH NOT ONLY WILL START PAYING PROPERTY TAXES, BUT CONTRIBUTE TO THE DOWNTOWN TS THAT WE HAVE.

I WANT TO POINT OUT ALL SALES TAX THAT THE CITY HAVE.

THERE'S NO SALES TAX INCENTIVE ASSOCIATED WITH THIS AGREEMENT, SO 100% OF THE SALES TAX WILL GO TO THE CITY AS LONG AS THE EDC.

I AM VERY PROUD OF THE EDC STAFF, CITY STAFF, CITY COUNCIL, AND THE BOARD MEMBERS FOR HAVING VISION TO SEE THIS COME TO FRUITION.

JUST A SHAMELESS PLUG, WE WILL MAKE THE ANNOUNCEMENT OF THE RESTAURANTS ON JULY 17TH OF DEVELOPERS FORM. EIGHT O'CLOCK HERE.

IF FOR SOME REASON YOU'RE NOT ABLE TO ATTEND, WE WILL POST THIS ON OUR SOCIAL MEDIA.

LOOKING FORWARD TO HAVING A COCOA AND LISTENING TO MUSIC.

[LAUGHTER] I'D BE HAPPY TO ANSWER YOUR QUESTIONS, MR. MAYOR.

>> I'D LIKE TO SAY, FIRST OFF, BERNIE, YOU AND NATASHA, AND SELINA, OUTSTANDING WORK.

[00:50:01]

YOU GUYS WERE DILIGENT AND YOU WERE DETERMINED, AND THIS IS GOING TO ABSOLUTELY COMPLETELY CHANGE THE DOWNTOWN IN THIS CITY.

WELL, IT'S GOING TO MAKE ONE. I REALLY APPRECIATE THE WORK YOU GUYS PUT IN.

THANK YOU VERY MUCH.

>> WE ALL DO.

>> THIS IS A GAME CHANGER, GUYS.

BASK IN YOUR GLORY. YOU DESERVE IT. GREAT JOB.

>> WE APPRECIATE IT.

>> FOR ALL THE DEVELOPERS LISTENING, THIS IS WHAT THIS CITY CAN DO.

WE HAD A LOT OF LANDOWNERS WHO CAUGHT THE VISION, WHO ENGAGED.

IT'S HARD TO SAY ANYTHING IS EASY AT THIS LEVEL.

BUT TO HAVE SO MANY PEOPLE WHO HAVE HELD ONTO PROPERTIES FOR SO LONG, THEY HAVE COMMUNICATED OUT TO OUR DEVELOPER COMMUNITY THAT YOU BRING THE RIGHT PRODUCT TO THIS CITY.

OUR LANDOWNERS ARE WILLING TO LISTEN, OUR ADC IS WILLING TO FACILITATE.

I WANT TO THANK EVERYBODY INVOLVED.

>> MAYOR, I'LL MAKE A MOTION IF EVERYBODY ELSE IS DONE.

>> I'LL SECOND THAT MOTION.

>> WELL, I GOT TO MAKE THE MOTION.

>> SORRY.

>> I'LL MAKE A MOTION THAT WE APPROVE ITEM 6E.

>> I SECOND THAT MOTION.

>> WE HAVE A MOTION AND A SECOND.

IF YOU WOULD, PLEASE CAST YOUR VOTES.

[BACKGROUND] [LAUGHTER] THAT PASSES UNANIMOUSLY.

THANK GOODNESS. THAT TAKES US TO ITEM F. CONSIDER DISCUSSING ACT IN A PROFESSIONAL SERVICES AGREEMENT FOR EXECUTIVE RECRUITING SERVICES.

ACTING CITY MANAGER MARK MARSHALL.

>> THANK YOU, MAYOR AND COUNCILS.

SELFISHLY, THIS IS THE MOST IMPORTANT ITEM OF THE NIGHT TO ME.

THAT'S RECOMMENDING TO ALL A LIST OF PROPOSALS FROM EXECUTIVE SEARCH FIRMS. I WANT TO COMMEND OUR HR DIRECTOR, STEPHANIE BIDDLE, FOR DOING A FANTASTIC JOB.

WE WERE ABLE TO GET SIX DIFFERENT PROPOSALS FROM RALPH ANDERSON, CLEAR CAREER PRO, AFFION PUBLIC, MACKENZIE EASON, SGR, AND MOSAIC.

I'M CERTAINLY HAPPY TO ANSWER ANY QUESTIONS THAT YOU HAVE.

WE THANK YOU VERY MUCH ON BEHALF OF THE STAFF FOR HELPING US FIND THE NEXT CITY MANAGER.

>> COUNCIL. I WOULD JUST LIKE TO REITERATE TO THE PUBLIC.

THE TEAMS WORK VERY HARD.

I KNOW THERE'S A LOT OF MOVING COMPONENTS HERE, BUT I WANT TO RE-ESTABLISH THE FACT THAT WE ARE FOCUSED ON A MISSION.

THAT IS TO DELIVER RESULTS.

WE'VE MADE PROMISES, WE INTEND TO DELIVER. THANK YOU.

>> ANYONE WITH COMMENTS? IF NOT, I WOULD LIKE TO MOVE THAT WE SELECT AFFION AS THE FIRM TO DO THIS SEARCH WORK.

>> I'LL SECOND.

>> WE HAVE A MOTION AND A SECOND.

IF YOU WOULD, PLEASE CAST YOUR VOTES.

YOU GOT TO FILL IN THE BLANKS. >> [INAUDIBLE].

>> YEAH. >> [INAUDIBLE].

>> THAT'S CORRECT. [LAUGHTER]

>> I DON'T BLAME YOU. MY MOM DOES TOO.

>> VOTE ON IT SO WE CAN CLEAR IT OUT.

THIS IS A NON-VIABLE VOTE.

IS JUST TO CLEAR IT OUT SO WE CAN RESET IT. >> [INAUDIBLE].

>> FOR THE RECORD, WE CAN JUST CORRECT THE SPELLING.

>> THANK YOU.

>> THAT PASSES UNANIMOUSLY.

THAT TAKES US TO ITEM 7, CLOSED SESSION.

[7. Closed Session (Exceptions).]

TEXAS GOVERNMENT CODE 551.071, TEXAS GOVERNMENT CODE 551.072, TEXAS GOVERNMENT CODE 551.087, AND TEXAS GOVERNMENT CODE 551.074.

DO I HAVE A MOTION?

>> I'LL MOTION FOR.

>> SECOND.

>> WE HAVE A MOTION AND SECOND. THOSE IN FAVOR OF GOING IN CLOSE SAY, AYE.

[00:55:01]

>> AYE.

>> ANY OPPOSED? WE ARE ENCLOSED AT 7:15 PM.

>> CAN I SAY ONE LAST THING?

>> REGARDING?

>> JUST A GENERAL STATEMENT. ONE QUICK FINAL THING.

THERE'S BEEN A LOT OF SPECULATION ONLINE AND OTHER PLACES AS WELL.

AS JUST ONE MEMBER OF THIS COUNCIL, I WANT TO SPEAK DIRECTLY TO OUR RESIDENTS FOR A SECOND.

TONIGHT, WE SHOWCASED UNITY ON THIS COUNCIL.

I WANT TO MAKE THAT VERY CLEAR.

IT WAS A 7-0 VOTE TO HELP US DECIDE WHO'S GOING TO MOVE FORWARD INTO SELECTING OUR CITY MANAGER.

I THINK THAT'S A REALLY BIG STEP FOR US.

I'D LIKE TO COMMEND COUNSEL ON THAT.

THE STATE OF OUR CITY IS STRONG, AND THE VISION FOR ANNA'S FUTURE REMAINS BOLD.

THIS TRANSITION IS A CHANCE TO RESET, REFOCUS, AND PURSUE THE LEVEL OF EXCELLENCE OUR GROWING CITY DESERVES.

TO THE DEVELOPERS, I REITERATE WE START WITH YES.

TODAY'S PROJECT IS TESTAMENT TO THAT, AND SPEED FOR US MOVING FORWARD IS KEY.

THAT IS SOMETHING WE ARE FOCUSED ON.

THE FUTURE OF ANNA IS BRIGHT, AND WE'RE JUST GETTING STARTED. THANK YOU, EVERYONE.

>> WE ARE OUT OF CLOSED SESSION AT 8:20 PM.

[8. Consider/Discuss/Action on any items listed on any agenda - work session, regular meeting, or closed session - that is duly posted by the City of Anna for any City Council meeting occurring on the same date as the meeting noticed in this agenda.]

IS THERE ANY MOTIONS AFTER OUR CLOSED SESSION?

>> I'D LIKE TO MOTION TO APPROVE THE CONTRACT WITH THE ACTING CITY MANAGER AS APPROVED AS TO FORM BY THE CITY'S LEGAL COUNCIL.

>> I'LL GO AHEAD AND SECOND THAT.

>> WE HAVE A MOTION TO SECOND.

ARE WE VOTING? OR YOU WANT TO DO IT BY.

>> I'LL CALL.

>> WE'LL CALL THE ROLL.

>> MAYOR PRO TEM TOTEN.

>> AYE.

>> COUNCIL MEMBER BRYAN.

>> AYE.

>> DEPUTY MAYOR PRO TEM CAVER. >> YES.

>> COUNCIL MEMBER HERNDON.

>> YES.

>> COUNCIL MEMBER BAKER.

>> I'M HERE.

>> COUNCIL MEMBER SINGH.

>> YES.

>> MAYOR CAIN.

>> AYE.

>> MOTION PASSES.

I DON'T HAVE ANY OTHER ACTION ON MY AGENDA.

THAT BEING SAID AND SEEKING NO OBJECTION, WE'RE ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.