Odessa Development Corporation

PUBLIC NOTICE ODESSA DEVELOPMENT CORPORATION BOARD OF DIRECTORS MEETING In accordance with the Open Meetings Act, Chapter 551 of the Government Code of Texas, notice is hereby given to all interested persons that the Odessa Development Corporation (“ODC”) will meet on Thursday, September 09, 2021, at 2:00 p.m. in the City Council Chambers - City Hall, 5th Floor, 411 W. 8th Street, Odessa, Texas 79761, for the purposes outlined in the attached agenda. The Open Meetings Act gives the public the right to speak on each item on the agenda at an open meeting. Members of the public may address the ODC Board about an agenda item during the meeting when the item is being considered. This notice is being posted on the south door of City Hall and on the bulletin board of the first floor of City Hall, Odessa, Texas, on the City of Odessa’s website www.odessa- tx.gov, and on the Odessa Development Corporation’s website www.odessatex.com, this the _____ day of _______________, 2021, at _______ ___.m., said time being more than seventy-two hours (72) prior to the time at which the subject meeting will be convened and called to order. The meeting is available to all persons regardless of disability. Individuals with disabilities who require special assistance should contact the City Secretary's Office at 432-335-3276, or 411 West 8th Street, First Floor, Odessa, Texas, during normal business hours at least twenty-four hours (24) in advance of the meeting. _____________________________________ Norma Aguilar-Grimaldo, City Secretary  ODC Meeting Agenda September 09, 2021 2:00 p.m. 1. Invocation 2. Consider Minutes of August 12, 2021 ODC Board 3. Contractors’ reports: A. Economic Development Dept.-Odessa Chamber ......... Wesley Burnett B. CVA Advertising & Marketing................................. Craig Van Amburgh C. Black Chamber of Commerce ........................................... Chris Walker D. Hispanic Chamber of Commerce ........................................ Ben Quiroz E. UTPB-America’s SBDC ..................................................... Tyler Patton F. MOTRAN ................................................................ James Beauchamp G. City Administrative Support; Financials ................................... Larry Fry 4. Consider amendment to Odessa Hispanic Chamber of Commerce FY Sarina Galindo, Interim 2020-2021 budget CEO 5. Consider approving annual incentive payments based on compliance with Cindy Muncy the Economic Development Agreement: - Apergy/Champion X - FMC Technologies - West Texas Food Bank 6. Discuss fund balance policy Cindy Muncy 7. Discuss and consider revisions to the Section 501.103 Infrastructure ODC Board Incentive Related to Workforce Housing Program 8. Appoint second member to the Downtown Grants Design Review Board ODC Board pursuant to the ODC Bylaws approved and adopted August 24, 2021 9. ODC Committee and Officer reports: A. Partnership ....................................................................... Tim Edgmon B. Tax Incentive ......................................Melanie Hollmann, David Boutin C. Advertising ........................................................................ Tim Edgmon D. Downtown Grants Design Review Board ............................ Jeff Russell 10. Citizen comments on non-agenda items 11. Adjourn COURTESY RULES Thank you for your presence. The ODC Board appreciates your interest in Odessa City Government. PLEASE SILENCE OR TURN OFF ALL MOBILE DEVICES. If you wish to address the ODC Board, obtain a speaker card just inside the Council Chambers, complete the information requested on the card, and deliver to the Assistant ODC Secretary before the meeting or as soon as you can. Speakers will be heard as the individual item(s) in which they have registered an interest come before the ODC Board. Remarks will be limited to three (3) minutes per speaker. PLEASE GIVE YOUR NAME AND ADDRESS FOR THE RECORD. Delay or interruption of the proceedings will not be tolerated.  ODESSA DEVELOPMENT CORPORATION MINUTES CITY OF ODESSA, TEXAS August 12, 2021 A regular meeting of the Odessa Development Corporation (ODC) was held on August 12, 2021, at 2:00 p.m. in the Council Chambers, 5th floor, City Hall, 411 W. 8th St. Odessa, Texas. Members present: Tim Edgmon, Melanie Hollmann, David Boutin, Larry Robinson, Chris Cole, Kris Crow and Jeff Russell. Others present: City Staff: Norma Aguilar-Grimaldo, City Secretary; Natasha Brooks, City Attorney; and Cindy Muncy, Assistant City Manager; Alexa Moulakis Downtown Odessa Event Coordinator; Larry Fry, Director of Finance; Michael Marrero, City Manager; and Christina Buhnerkempe, Legal Assistant. ODC Contractors: Wesley Burnett, Economic Development; Tyler Patton, UTPB- SBDC; Craig Van Amburgh, CVA; James Beauchamp, MOTRAN; Sarina Banuelos, Odessa Hispanic Chamber of Commerce; Chris Walker, Black Chamber of Commerce; and Renee Earls, Odessa Chamber of Commerce; and Others: Council members Steven Thompson and Tom Sprawls; Ben Quiroz, Hispanic Chamber of Commerce; Steven Beach, UTPB, and other interested citizens. A quorum being present, Mr. Edgmon called the meeting to order, and the following proceedings were held: Mr. Burnett gave the invocation. July 8, 2021 minutes. Motion was made by Mr. Boutin and seconded by Mr. Russell to approve the minutes as corrected. The motion was approved by unanimous vote. Contractors’ reports: Economic Development Department - Odessa Chamber, CVA Advertising and Marketing, Black Chamber of Commerce, Hispanic Chamber of Commerce, UTPB-America’s SBDC, MOTRAN, and City Administrative support - Financials. Mr. Burnett reported that Nacero worked on the mineral and surface site and there was positive response. Groundbreaking would be held in November and December. Mrs. Banuelos reported that the Color Fun Run had 300 participants and was a successful event. The Chamber was speaking with Chihuahua representatives for teachers’ visas. Dr. Quiroz stated that the Hispanic Chamber of Commerce would hold its banquet in September. He stated that there were administrative changes and the Chamber was moving forward. Mr. Cole arrived at 2:06 p.m. ODC Minutes August 12, 2021 Page 2 Mr. Patton reported on the Biz Accelerator program. The final presentation would be held August 17. There would be at least seven business presentations. The participants worked hard and had good business presentations. Mr. Fry reported on the June financial report. There were $59,402,248 in total assets, year to date revenues were $7,645,200, and expenditures were $2,169,725. Municipal securities were purchased for $620,000. Nacero and Ellen Noel Art Museum were added to the reserved long term commitments. He stated that the sales tax increased for June. He stated that the TexPool had gone up to 0.018%. Resolution No. ODC-2021R-11 - Addendum to third training facilities grant economic development agreement with UTPB. Steven Beach, UTPB Dean, stated that the amendment to the agreement would allow for expanding the programs with a larger set of courses. The original agreement was $2.1 million to be paid out over three years. Ms. Hollmann asked if the request went through the Compliance Committee. Ms. Brooks reported that it did not go through Compliance as there was no changes to the funding only expansion of programs. Motion was made by Mr. Cole and seconded by Mr. Boutin to approve the resolution. The motion was approved by unanimous vote. Resolution No. ODC-2021R-12 - Downtown infrastructure grant for La Catrina and Company. Ms. Moulakis stated that the grant application was reviewed by the board and City Attorney’s office. The infrastructure grant was for the HVAC system. La Catrina and Company was located at 301 W. 2nd St. The grant was for $5,114.81. Motion was made by Mr. Boutin and seconded by Mr. Cole to approve the resolution. The motion was approved by unanimous vote. Finance Report. Motion was made by Mr. Boutin and seconded by Mr. Crow to approve the finance report. The motion was approved by unanimous vote. Resolution No. ODC-2021R-13 – General Development Plan FY 2021-2022 and forward to City Council for approval. Mr. Boutin stated that the Permian Fuels America should be a part of the strategic plan for 2021-22. The initiative needed to be pursued. Mr. Crow asked if it was prudent to continue with the current environment. Mr. Boutin stated that it would complement MOTRAN on the State level. Mr. Cole agreed as oil and gas made West Texas and it was prudent to keep for viability. He stated it may not be necessary to spend funds. Mr. Boutin stated it was an important long term initiative. Mr. Edgmon requested a Permian Fuels America report for September. Motion was made by Mr. Boutin and seconded by Mr. Cole to approve the resolution and to include the Permian Fuels America language in the General Development Plan. Mr. Russell stated that a cohesive Downtown development was needed as there were many groups that had roles in Downtown. The focus needed to be streamlined. He stated that the housing grant may need to be revised or removed since the impact fees were approved by the City Council. He stated that there was value in the program but needed to revise or deallocate funds for other use. Mr. Edgmon stated it would be discussed at another meeting. The motion was approved by unanimous vote. ODC Minutes August 12, 2021 Page 3 Resolution No. ODC-2021R-14 – FY 2021-2022 Budget and forward to City Council for approval and Resolution No. ODC-2021R- 15 – Contract proposals FY 2021- 2022 and forward to City Council for approval. Mrs. Muncy stated that the budget was based on proposals received. She reviewed each budgeted line item. She explained the Business Incentives calculation and the promotional limit of 10% of revenues. The promotional budget included the contractors of CVA, Hispanic Chamber of Commerce, Black Chamber of Commerce, and the façade grant. Mr. Russell stated that there were several items that was paid from CVA as a pass through from the Chamber of Commerce. He stated that the items should be reviewed and moved to the Chamber budget. Mr. Van Amburgh stated the items were services or fees such as information for economic development. Mr. Crow questioned the High Ground dues and licenses. Mr. Burnett stated that High Ground was a marketing group. The TEDC was for bids. He stated that the items were necessary. Mr. Crow stated that the report expenses could be in the Chamber budget. Mr. Crow, Mrs. Earls, Mr. Burnett, and Mr. Boutin would meet to discuss the items. Mr. Russell was concerned with the $20,000 in community strategies. Mr. Burnett stated it was to access people in Austin and Washington on community impact issues. It was used for the Permian Fuels America campaign and economic development. He stated it was a good resource. Mr. Crow did not see the value in the line item. Mr. Boutin suggested to suspend the monthly payments but leave in the budget. Motion was made by Mr. Boutin and seconded by Ms. Hollmann to approve the Odessa Chamber budget amount, work on moving certain item expenses from CVA to the Chamber if it fell under the Chamber and suspend payments for High Ground and consider in the future. The motion was approved by unanimous vote. Mr. Edgmon stated that the Odessa Hispanic Chamber requested $182,300. He stated that due to its current situation that its budget will be removed from the ODC budget until it gets its business together. Mr. Crow applauded MOTRAN’s reports. Motion was made by Mr. Cole and seconded by Mr. Crow to approve MOTRAN’s proposed budget. The motion was approved by unanimous vote. Mr. Edgmon stated that there were great results and recognized UTPB-SBDC’s work with ODC’s contractors. Motion was made by Ms. Hollmann and seconded by Mr. Cole to approve UTPB-SBDC’s proposed budget. The motion was approved by unanimous vote. Mr. Russell stated that there needed to be streamlined changes of moving items from the CVA budget to the Chamber budget. He reviewed invoices in detail. He questioned the $120,000 social medial marketing line item. Mr. Van Amburgh stated that the cost in social media was not in placement but to boost the post on certain media. Mr. Russell asked the effectiveness with the followers and the return on investment. Mr. Van Amburgh stated that the target audience was geared to owners and site selectors. Mr. Crow stated it was prudent to have due diligence by going to bid for the marketing. Mr. Robinson questioned the social media front door. Mr. Van Amburgh stated that it should direct people to the ODC website. Mrs. Muncy explained the RFP process for professional services. Mr. Boutin stated that the advertising committee should evaluate and provide a recommendation on the RFP process but allow to continue the marketing ODC Minutes August 12, 2021 Page 4 plan for the upcoming year. Mrs. Muncy recommended that the RFP process should be for the FY 2022-23 budget year. The RFP whould start in March 2022. Motion was made by Mr. Cole and seconded by Mr. Boutin to approve CVA’s budget and contract, and move certain item expenses from CVA to the Chamber budget as it related to the Chamber. The motion was approved by a 6-1 vote with Mr. Crow casting the nay vote. Mr. Edgmon stated that the Black Chamber of Commerce requested $25,000. Mr. Walker reported that the membership increased and the goal was for the Black Chamber to be self-sufficient. The membership was growing which was at 80 to 90 members. He was grateful for ODC’s generosity. Mr. Edgmon stated that ODC was supportive and the budget could be amended for future projects. Motion was made by Mr. Crow and seconded by Mr. Cole to approve the Black Chamber of Commerce proposed budget with the understanding if any future projects the Black Chamber would come to the ODC board for consideration of project funding. The motion was approved by unanimous vote. The payments would be paid quarterly. Motion was made by Mr. Boutin and seconded by Ms. Hollmann to approve the façade budget at $150,000. The motion was approved by unanimous vote. Motion was made by Mr. Boutin and seconded by Ms. Hollmann to approve the infrastructure grants budget at $200,000. The motion was approved by unanimous vote. Mrs. Muncy provided a revise ODC budget without the Odessa Hispanic Chamber of Commerce’s request. The Business Incentives budget was raised to $55 million. The TxDOT line item was at $9 million. She explained the ending fund balance. Motion was made by Mr. Boutin and seconded by Ms. Hollmann to approve the resolution with the revised ODC budget and contract proposals. The motion was approved by unanimous vote. Remove from the table and consider revisions to the ODC Bylaws. Motion was made by Mr. Crow and seconded by Mr. Cole to remove the ODC Bylaws from the table. The motion was approved by unanimous vote. Ms. Hollmann referred to the latest bylaws revisions from August 9, 2021. She stated changes were made to the façade grant requirement applications to be more general. The makeup of the Review Board was changed to have two ODC board members. Ms. Moulakis stated that the subcommittee was housed under Downtown Odessa Inc. (DOI). Ms. Hollmann stated it was a program of ODC and its funds. Mr. Russell stated that Downtown Odessa vetted the application and brought it forward to the Design Review then for ODC and Council approval. Ms. Hollmann stated the process was like the economic development projects. Ms. Brooks stated that the subcommittee was under DOI and not ODC. Mr. Boutin stated it could be a joint committee. Mr. Russell explained the restructure of the Design Review Board membership. Ms. Moulakis stated that the subcommittee was DOI members prior to 2019. Motion was made by Ms. Hollmann and seconded by Mr. Russell to approve the ODC Bylaws from the MLH Redline 8.9.21 version. The motion was approved by unanimous vote. Mr. Russell thanked Ms. Hollmann for her work on the bylaws. ODC Minutes August 12, 2021 Page 5 Remove from the table and consider revisions to the guidelines governing the downtown infrastructure and façade grants. Motion was made by Mr. Cole and seconded by Mr. Boutin to remove the downtown infrastructure and façade grant guidelines from the table. The motion was approved by unanimous vote. Ms. Hollmann referred to the latest guidelines for infrastructure and facade grants redline of August 9, 2021. The language was broadened for the regulations under 5.B. under the infrastructure program. There was additional language for 5.J. There was language for a written agreement between the ODC and DOI added. Ms. Buhnerkempe stated that the same changes should be made under the façade program section. Motion was made by Mr. Boutin and seconded by Mr. Crow to approve the downtown infrastructure and façade grant guidelines with the added language of the written agreement with ODC and DOI, and the discussed adjustments. The motion was approved by unanimous vote. ODC Committee and Officer Reports: Partnership, Tax Incentive, Advertising and Downtown Grants Design Review Board. There were no reports. Citizen comments on non-agenda items. None. Motion was made by Mr. Cole and seconded by Mr. Russell to adjourn the meeting. The motion was approved by unanimous vote. The meeting adjourned at 3:41 p.m. ATTEST: APPROVED: Norma Aguilar-Grimaldo, TRMC, CMC Tim Edgmon City Secretary President  Odessa Chamber of Commerce Economic Development Services for the Odessa Development Corporation August 2021 Projects Project Build • Building materials manufacturer, facility in Lubbock • Possible location in Odessa being considered • Initial meeting to discuss project • Draft application submitted • Information and discussion necessary for final application • Waiting on additional information for application Project CTV • $750 million CapEx • 200+/- jobs • Consultant doing due diligence for possible community incentives • NDA executed with taxing entities in order to move forward • Met with County, ECISD, MCH and OC • Narrowing list of locations, project moving forward • Application for Chapter 313 value limitation to ECISD • Site evaluation ongoing • Received letter of Completeness, progressing to taxing entities for consideration • County meeting on incentives, awaiting further action • Comptroller certification received for Chapter 313, agreement with ECISD on August agenda • OC approved tax abatement • Other entities in discussions GSI • Gasket manufacturing and seal distribution company 1 • CapEx $250,000 • 5 new jobs, 5 retained • ODC and city approved $125K incentive • Contracts being reviewed • Had to hire new contractor, will sign agreement once design is complete • Close to design completion, should breakground within the next month • No update Nacero • Site location consultants and staff conducted virtual site visit for a new heavy industrial manufacturing facility • 2,950 construction jobs during 3-4 year construction • 250-380 permanent employees • $3-6 billion CapEx, 24/7 operation • Completed, follow up, over 250 questions on site, utilities, rail etc • Clarification requested, addressed • Possibility of larger project, $9 billion capex, possible 5,000 construction jobs for 5 years, up to 500 permanent jobs, average salary +/- $90K • Grow Odessa, Penwell property as possible location , ongoing discussions on property, road access, incentives • Site visit October 6th, meetings with stakeholders and property review • Company in town February 4th – 5th, met with ECISD, County, MCH and OC • Company application for Chapter 313 value limitation by ECISD • Company TCEQ air quality application submitted • Company received completeness certification from Comptroller • Compliance Committee evaluated, will recommend incentives to ODC • ODC & City Council approved $20 million/10 years. Agreement to be developed. • Agreement under review, to be on June ODC agenda • ODC and City approved economic development agreement, executed • County and OC agreements complete – County executed, OC executed • ECISD approved Chapter 313 agreement • MCH agreement in process Sabre • Lead from the Governor’s office; Sabre Chemical, a chemical manufacturing business is seeking a HQ location in Odessa, adding 200 jobs to the workforce • Company narrowing facilities list, will be working with Economic Development staff • Company is in final negotiation on existing facility in Odessa, will submit incentive application soon 2  • Company has closed on building, currently has 60 employees, plans to ramp up to 200 over 3 years • HQ and distribution office, incentive application should be submitted soon • Company continues to develop options for increasing facility size and job numbers. Discussion of locating more of operation in Odessa • Company has incentive application, negotiations for increasing and expanding operations in Odessa • Company making improvements / upgrades to existing local facility • Company currently working on financing and restructuring project • Company moving forward, discussion ongoing • Discussion with company and plans for moving forward with project • Covid delay – reconnecting on project for update on process • No update Local Business Retention and Expansion • Multiple local expansions in beginning stages • Project Who, food manufacturer, working on ODC application. Still plans for Odessa location, timeline extended due to current situation • Project considering Permian Basin for oilfield waste solution facility • Emailed grant applications to four potential expansion projects Odessa Partnership • Looking at October 7, 2021, ( 1st Thursday) meeting to catch up on activity of each entity. Business Retention and Expansion Visits • 5 business consultations in office • 2 business visits out of office Housing • 7 single family, 6 townhomes. Funding has begun. • LOA Land Development, 192 lot subdivision working on infrastructure grant application. Updated application, compliance committee discussion. • Compliance looking at other possible projects 3  • Met with City Officials/OHFC and potential housing development company interested in partnership for affordable housing projects. The developer could possibly build a manufacturing facility in Odessa, Project Build, if they get the project. • Provided incentive for builder for three houses, CO provided and met guidelines set up by ODC. Services and Other Activities • June Ingham Economic Index reports received, sent via Mailchimp, posted to website • Odessa Development News, July report sent via Mailchimp, posted to website • New Single Family residential permits, three year history sent to Lisa Heath with Ram Partners • Workforce housing, Hotel, RV Parks and New Residendial information sent to Debra Johnson with Alpha Resources • Wage information sent to Margaret Sanchez with Ector County • Property posted for David Husid with Newmark, 1,280 acres, FM1936 • 2021 Apartment Survey finalized • Demographic information sent to Enrique Romero, The Midessa Group 4  Partner Visits Information and Discussion Group Director Weekly Stakeholder Meeting Director Expanding Healthcare in the PB Director UTPB PAC Director Meeting with Alpha Resources Director and Staff Meeting with Muriel Borders and Kristie Caviness with TWC Director and Staff TMAC Manufacturers Lunch and Learn Odessa College Director Plastic West Trade Show – Anaheim CA Staff Ector County Commissioners Court Director First Basin Board Meeting Director Odessa Chamber Directors Meeting Director North Texas DEC Zoom Mtg Staff Opportunity Odessa Executive Committee Meeting Director August Policy Board Meeting Director Odessa Chamber Board Retreat Director and Staff MW Builders Meeting Director and Staff TEDC Board Meeting Director 5 Team Texas Economic Summit – El Paso, TX Staff Howell & Windham Meeting Director & Staff United Way Board Meeting Director Bond Committee Meeting Director 6  Odessa Economic Indicators 2021 Sales and Use Tax July 2021 2020 % Change City of Odessa $4,194,344 $3,783,653 10.85% Totals YTD $29,712,990 $34,153,325 -13.00% Labor Market Statistics Permian Basin Rig Count July 2021 2020 Month 2021 2020 Civilian Labor Force 78,405 81,848 July 163 75 Total Employment 71,588 69,164 June 161 82 Total Unemployment 6,817 12,684 May 161 115 Unemployment Rate 8.7% 15.5% April 154 213 Payroll Employment Estimate 67,600 66,500 Midland International Air and Space Port MLS Statistics-Residential (SF/COND/TH) July 2021 2020 July 2021 2020 Enplaned 50,043 22,152 Total Sold 160 135 Deplaned 48,317 21,385 Dollar Volume $39,461,675 $31,399,197 Enplaned YTD 257,885 178,098 Total Sold YTD 1,019 765 Deplaned YTD 262,494 179,692 Volume YTD $238,257,065 $182,027,095 Sources: City of Odessa Building Inspection Division, State Comptroller of Public Accounts, Midland International Air and Space Port, Labor Market and Career Information, Odessa Board of Realtors and Baker Hughes Published by the Odessa Chamber of Commerce kathiv@odessaecodev.com (432) 332-9111 ODESSA DEVELOPMENT CORPORATION August 2021 ACTIVITIES PODCAST SERIES Podcast - Opportunity Odessa A podcast with Nacero representative Hal Bouknight is planned for the near future. TELEVISION New Robert Chavez spots continued to run in both Spanish and English in our ongo- ing golf schedule, as well as Univision and Telemundo. OUTDOOR ADVERTISING Local business expansion and retention is the continuing focus on our outdoor boards with the creative centering on Odessa businessman Robert Chavez. NEWSPAPER ADVERTISING A press release is still pending Nacero approval regarding the recent signing of the agreement with the ODC for the new plant in Penwell. Placement of the release and a photo will take place upon approval. ODC WEBSITE New photos have been taken of all but 2 of the current board members. New photos of Mr. Robinson, Mr. Boutin, Mr. Cole, and Mr. Crow have now been uploaded on the site. In addition, the recent web page post regarding RexTac has been removed to im- prove easy-of-navigation on the site. ODC SOCIAL MEDIA ODC Overview In August, ODC’s overall social media engagement and shares across all platforms were positive, with Facebook metrics up significantly, and on Twitter, tweet impressions and profile visits were up, despite a lower number of tweets this month. CVA 5030 E. University, Ste. 401 B Odessa, TX 79762 T 432-368-5483 F 432-366-9434 E craig@cvaadv.com www.cvaadv.com ODC Facebook Over the last month on Facebook, we have continued to generate content from rele- vant articles of local news organizations. We reached over 6,203 people, and got 752 engagements, and increase of 106% and 92% respectively. Our most popular posts were about the chamber’s How to Build Your Business event, and UTPB’s Engineering department grant. ODC Twitter We have continued to tweet the same content we share on Facebook to engage new and existing followers as well as retweeting relevant content. Even though our tweet volume was down, out impressions were up 76%, and profile visits were up over 1,500%, indicating that our tweets were particularly interesting this month. Our most popular tweets were about ECISD’s Board of trustees being nominated for TASA’s Out- standing School Board Award, and the Wood family donating to OC’s new building. ODC Website Traffic on the website was up compared to last month. The largest source of traffic in August was organic search at 61%, followed by Direct entry at 25%. Our top pages for views, in order, were homepage, location-maps, demographics, and properties. Permian Fuels America Social Overview Overall social performance for The Permian Fuels America was positive. Facebook has a particularly good month, with metrics up across the board, though Twitter had lower tweet impressions and profile visits. Permian Fuels America Facebook The Permian Fuels America Facebook reach was up 86%, page views were up 156%, and engagement was up 188%. This was particularly impressive considering last month was also up triple digits for many of these metrics. Our top posts for August were about increased drilling activity in the Permian, and President Biden encouraging OPEC to raise output. CVA 5030 E. University, Ste. 401 B Odessa, TX 79762 T 432-368-5483 F 432-366-9434 E craig@cvaadv.com www.cvaadv.com Permian Fuels America Twitter Twitter was down this month after having gains in July. The most popular tweets this month were articles about energy companies spending millions of dollars to improve infrastructure, and President Biden’s attempts to phase out US oil and gas and the ne- gative effects that would have on the environment. Permian Fuels America Website 48% of website traffic was from organic search, followed by 31% from direct entry, and 20% from social media. CVA 5030 E. University, Ste. 401 B Odessa, TX 79762 T 432-368-5483 F 432-366-9434 E craig@cvaadv.com www.cvaadv.com  Odessa Development Corporation Digital Report August, 2021 Social Overview Facebook Overview Top Facebook Posts Twitter Overview Top Tweets Website Overview TPFA Social Overview Facebook Overview TPFA Top Facebook Posts TPFA Twitter Overview Top Tweets TPFA Website Overview  UTPB SMALL BUSINESS DEVELOPMENT CENTER 2020-2021 New Business Start-Ups & Expansions August-21 ODESSA OTHER LOCATIONS ACTIVITIES Counseling New Businesses 1 New Businesses 0 312 Seminars 3 Sessions Am Am FTE's 5 FTE's 3 3 0 Ind/N/Alaskan Ind/N/Alaskan Asian/pac. Asian/pac. 6 1 Islander Islander Black 24 Black 7 Hispanic 137 Hispanic 28 Non-Hispanic 140 Non-Hispanic 33 Total Clients 312 Total Attendees 61 Counseling 220 Training Hours 61 Hours Cumulative End of Year 2020-2021 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 2019/20 Totals Totals Counseling Sessions 496 497 324 364 326 354 290 389 443 398 312 0 4193 3731 Counseling Hours 214 284 252 220 218 199 203 354 399 327 220 0 2890 2604 Seminars Presented 6 5 3 3 4 3 5 4 4 4 3 0 44 27 Attendees 107 45 33 38 84 49 61 73 59 49 61 0 659 393 Training Hours 180.0 45 52 38 93 22 69 73 59 60 61 0 752 1079 New Businesses 4 6 5 5 9 5 2 3 0 4 1 0 44 48 Odessa New Business 1 3 1 3 2 2 1 2 0 0 1 0 16 19 Capitalization $3,034,539 $2,701,000 $1,383,565 $3,667,147 $1,254,900 $3,994,150 $1,238,799 $2,001,226 $1,215,000 $5,164,005 $2,888,649 $0 $28,542,980 $28,630,819 Odessa Capitalization $902,000 $59,000 $419,000 $1,894,000 $257,500 $454,150 $527,799 $10,800 $0 $1,884,005 $2,888,649 $0 $9,296,903 $11,281,624 Total FTE's 15 14 23 11 20 33 11 23 0 22.5 8 0 180 238 9/1/2021 KAM 119 W 4th Street Ste 202 Odessa, Texas 79761 (432) 339-6422 odessahcc@odessahcc.org September 2, 2021 This letter is to serve as an official budget amendment for the remainder of the ODC funding. The Odessa Hispanic Chamber of Commerce will be hosting our Annual Banquet on September 16th. Our Banquet serves as an opportunity to bring different businesses together. During our Banquet, we will be recognizing our members and recruiting new members/businesses. We will also be giving out awards. Some of our awards will include Academic Excellence Award. Delma Abalos will be receiving the award. She is an inspiration to the Hispanic education community. Another recipient will be Lorraine Perryman which will be receiving the Amistad Award being presented by Hispanic Heritage Association. Lorraine is an inspiration to the Hispanic community. Our event will also involve other non profits which will serve as a member drive for them as well and engage with other business owners. Russel Tippin will be speaking on Covid and vaccinations. Sondra Eoff will also be doing a welcome. In conclusion, we would like for the Odessa Development Commision to consider a Budget Amendment for the Odessa Hispanic Chamber of Commerce so that we may be able to continue to build our membership along with memberships for other organizations and continue to serve as a bridge for all minority owned businesses. Sincerely, Sarina Banuelos Interim CEO Odessa Hispanic Chamber of Commerce  Odessa Development Corporation Section 501.103 Infrastructure Incentive Related to Workforce Housing Program Guidelines In accordance with Resolution No. ODC-2019R-01, which was passed by the ODC Board on March 14, 2019, the ODC designates funds in the amount of up to $5,000,000 for incentive grants to be used towards certain infrastructure projects necessary to promote or develop new or expanded business enterprises within the Ector County City limits. The Section 501.103 Infrastructure Incentive Program Guidelines shall only be in effect for the time period until the designated and appropriated funds are exhausted. Section 501.103 of the Local Government Code states that an authorized use of Type A funds is for “certain targeted infrastructure projects necessary to promote or develop new or expanded business enterprises, limited to streets and roads, rail spurs, water and sewer utilities, and electric utilities, gas utilities, drainage, site improvements, and related improvements. General Requirements: 1. It is considered to be a priority that ODC funds comply with statutory requirements and be used in the most cost-effective way possible. To that end, it is necessary to consider the value of the project to the area. 2. These guidelines are subject to amendment at the discretion of the ODC Board and City Council. There is no intention to vest any applicant with a right to any incentive developed by these guidelines. 3. All applicants must be found eligible for funds pursuant to Section 501.103 of the Local Government Code, governing the use of Type A funds for certain targeted infrastructure. Requirements and Process for Application of Funds: 1. Applicants for infrastructure incentives (or funds) must submit a completed application requesting funds to the ODC Compliance Committee, along with building and infrastructure plans and specifications for the proposed investment. Approval for payment of incentives for infrastructure is conditioned upon a post-construction inspection and appraisal process described herein. 2. Each application will be evaluated on an individual basis. It is within the ODC’s sole discretion to determine the amount of the incentives for infrastructure, if any. 3. Applicants for a grant must construct a site-built single family, duplex, or multi-family or apartment complex that complies with applicable City of Odessa Building Codes and ordinances, subject to exclusions of the program as described herein. a. Any single-family home with a minimum of 3 bedroom/2 bath and a certified appraised value of $130,000.00 up to $225,000.00 may qualify for a grant according to the Section 501.103 Infrastructure Benefit Matrix Guidelines. b. Multi-family construction will be evaluated separately on a sliding scale based on fair market rent rates. 4. Incentives are payable from ODC for certain infrastructure investments made by Applicant after completion of construction, receipt of a certified appraisal and final inspection by city inspection officials and/or a certificate or temporary certificate of occupancy. Upon the final inspection by city officials and/or the issuance of a certificate or temporary certificate of occupancy, the City finance department shall issue payment to Applicant. LECH\(C) Contracts\(C-7) Economic Development\C-7-341\Section 501.103 Program Guidelines Page 1 of 3 Additional Incentives: (applicant may only qualify for one (1) additional incentive) 1. Businesses that are certified as Historically Underutilized Business (HUB) will receive an additional incentive of $1,500.00. 2. Development in designated City Target Areas will receive an additional incentive of $1,500.00. (Please see the attached map used by the City identifying the CDBG Target areas.) Exclusions: 1. No funding shall be considered if the project is eligible to receive funds from any other federal or state funding source or matching grants. 2. No funding shall be considered for manufactured housing. 3. Unless the dwelling is an apartment complex and prior disclosure was provided to the ODC for approval, no funding will be given to any applicant seeking to construct his/her own dwelling. This exclusion also applies to officers and directors of closely held businesses, when the business is the entity submitting the application for funds or the construction. 4. No funding shall be given for construction of buildings intended for occupancy by a business. ODC may consider apartment complexes that will also house a business office or retail establishment as a part of the complex or substantial investment. Section 501.103 Infrastructure Benefit Matrix: 1. For Single-Family Housing infrastructure, ODC shall provide the Applicant with the following type of incentive, in the designated amount, after Applicants provides proof of compliance with the conditions set forth in a subsequent agreement: a. The minimum investment for a single-family home to qualify for a grant under the Section 501.103 Infrastructure Benefit Matrix is $130,000.00. b. If located within Odessa City limits, ODC shall make payable to Applicant a grant to reimburse Applicant for infrastructure costs as defined herein. c. If located outside of city limits, within Ector County, the Section 501.103 Infrastructure Benefit Matrix Grant shall be calculated as if in the city limits and reduced by 50%. d. In city limits: $200,000 X 4.92% tax rate = $9,840 (example only) Outside city limits: $200,000 X 2.46% tax rate = $4,920 (example only) 2. For Multi-Family Housing infrastructure, ODC shall provide the Applicant with the following type of incentive, in the designated amount, after Applicants provides proof of compliance with the conditions set forth in a subsequent agreement: a. If located in Odessa City limits, the Multi-Family Housing Benefit shall be determined by a sliding scale of projected rental rates as a percentage of fair market rental rates. b. If the project is located outside of city limits, the infrastructure incentive payment shall be calculated as if in the city limits and reduced by up to 50%. LECH\(C) Contracts\(C-7) Economic Development\C-7-341\Section 501.103 Program Guidelines Page 2 of 3  c. Rental Rate = 75% of fair market rate, Benefit = 5% of investment Rental Rate = 80% of fair market rate, Benefit = 4% of investment Rental Rate = 85% of fair market rate, Benefit = 3% of investment ODC will evaluate each application submitted and at its sole discretion will grant or deny funding in accordance with its purpose to achieve housing to support creation and/or retention of primary jobs within the City of Odessa, and Ector County. LECH\(C) Contracts\(C-7) Economic Development\C-7-341\Section 501.103 Program Guidelines Page 3 of 3 This item is pursuant to the ODC Bylaws approved and adopted on August 24, 2021. 4.1 Downtown Grants Design Review Board. a. The Downtown Grants Design Review Board (“Design Review Board”) reviews and makes recommendations to the ODC Board of Directors on applications for Downtown Infrastructure and Façade Grants. The guidelines and criteria governing Downtown Infrastructure and Facade Grants can be found at Article 11-4 of the City of Odessa Code of Ordinances and can only be modified by ordinance approved by the City Council of the City of Odessa. b. The Design Review Board is made up of one (1) Downtown Odessa, Inc. Board Member selected by the Downtown Odessa, Inc. Board and two (2) ODC Board Members selected by the ODC Board. c. Applicants for Downtown Odessa, Inc., Infrastructure or Façade grants must submit complete applications to Downtown Odessa, Inc. which meet the requirements as set forth in the written agreement by and between the ODC and Downtown Odessa, Inc. d. Applicants for Downtown Odessa, Inc. Infrastructure and Façade Grants that have received a recommendation from the Design Review Board shall not be required to obtain a recommendation from the Compliance Committee. The ODC Board Member currently serving on the Design Review Board is Jeff Russell.