Odessa Development Corporation

ODESSA DEVELOPMENT CORPORATION MINUTES CITY OF ODESSA, TEXAS January 11, 2024 A regular meeting of the Odessa Development Corporation (ODC) was held on January 11, 2024, at 2:03 p.m. in the Council Chambers, 5th floor, City Hall, 411 W. 8th St. Odessa, Texas. Members present: David Boutin, Kris Crow, Larry Robinson, James Kirk, and Jeff Russell. Member absent: Ismael “Mikky” Navarette, Melanie Hollmann Others present: Dan Jones, City Attorney; John Beckmeyer, City Manager; Christina Burns, Asst. City Manager; Christina Buhnerkempe, Legal Assistant; Kaylie Banda, Director of Finance; Elizabeth Prieto, Downtown Executive Director; and ODC Contractors: Renee Earls, Chamber of Commerce; Tom Manskey, Office of Economic Development; Kathi Vaughn, Office of Economic Development; Christi Callicoatte, Current Media; Tyler Patton, UTPB-America’s SBDC A quorum being present, Mr. Crow called the meeting to order, and the following proceedings were held: Larry Robinson gave the invocation. The Pledge of Allegiance and Texas Pledge were recited. December 14, 2023 meeting minutes. David Boutin stated missing punctuation on page 3. Motion was made by David Boutin and seconded by Dr. Kirk to approve the minutes as amended. The motion was approved by unanimous vote. December 18, 2023 special meeting minutes. Motion was made by David Boutin and seconded by Dr. Kirk to approve the minutes as amended. The motion was approved by unanimous vote. Contractors’ reports: Economic Development Department, Current Media Partners, Black Chamber of Commerce, UTPB-America’s SBDC, MOTRAN, and City administrative support: financials. Mr. Manskey discussed the upcoming Workforce Summit on January 18th from 8:00 a.m. until 2:00 p.m. at Odessa College and distributed hard copies of the agenda for the summit. Current Media Partners has reached out to the media. The current RSVP count is 68. ECISD, Medical Center Hospital, and ORMC are all involved. Mrs. Jones and Mr. Manskey visited GCC and conducted a BRE survey. GCC listed specific training issues and knew Odessa College offered training opportunities, however, didn’t know where to start and who to reach out to. A meeting has been set up next week with Odessa College, Economic Development, and GCC to discuss training needs. David Boutin had a question regarding the roundtables. Mr. Manskey stated that logistical instructions will be given at the beginning ODC Minutes January 11, 2024 Page 2 of the summit explaining how the round table discussions will work. The roundtable discussions will address issues and solutions. Housing, childcare, workforce etc. Mr. Russell stated he would like to see some action items to work on and come up with solutions. Drew Scheberle, who is the Texas Chamber of Commerce Executives Senior Advisor Texas Association of Business will be the moderator for the workforce summit. Mr. Manskey discussed a zoom call with the Governor’s Office on Economic Development and the electric vehicle battery manufacturer’s and received some issues to address. The department is currently working on issues regarding the site they have chosen and availability to get to the site in the future, which could include an overpass over a railroad crossing. Mr. Russell asked about the status of an update on the direct air capture plant from 1PointFive representatives. Mr. Crow would like to receive an update at the February ODC Board meeting. Mr. Manskey will contact 1PointFive. Mrs. Callicoate reported the Target Analysis is now in phase II, they will be doing the one-on-one interviews. They are adding the utilities section to the interview list. The interview will continue for the next two weeks. Lead forensics had approximately 2,700 different contacts. Tom and Tracy review the forensic information for BRE visits or calls. Digital campaigns were up in December, which was attributed to new content, particularly workforce and BR&E. Digital campaigns are still at a reduced budget. The plan is to put a lot of funds behind workforce issues after the ODC workforce summit. There will be a video person and photographer at the workforce summit. Jeff Russell would like to see if they can live stream the workforce summit. Mrs Callicoate will be checking in to live streaming. Current Media will be expanding a section on the website focusing on workforce information after the summit. They will be looking at new and different creative ideas for 2024 to stand out from other cities. Would like to take things to the next level. Tyler Patton summarized SBDC’s last quarter of 2023. Lending has slowed due to higher interest rates however the number of clients has increased during the month of December. There were 324 counseling sessions for 214 hours. The number of seminars for the quarter is eleven. In December the two seminars were “How to Start a Business in Texas” and “Access to Capital”. There was good attendance at both seminars. Alamo Kitchen from San Antonio had a seminar specific to restaurants, food trucks anything food related with 24 attendees participating. The other seminar was “How to Create a Business Plan” with 54 attendees. A Government Contracting seminar was held earlier in the week with 14 attending. Upcoming seminars: A Capability Statement Workshop will be on February 14th via zoom. SBDC will have a “Meet the Buyer”, this will be a first ever workshop of its kind here. SBDC will have people who are trying to get government contracts with people who basically buy products for the government. Last quarter SBDC assisted four new businesses. There has been an influx of new jobs, most of those came from a restaurant, trucking company, a machine shop, and other small businesses. There will be a workshop for franchising in February. SBDC will be starting a profit lab program which will focus on financial literacy. This is a five-class program, ten weeks total. Total number of clients for 2023 increased by 24% year over year and total number of new clients increased by 17%. SBA award nominations, SBDC made three nominations, two from Odessa. The Odessa companies SBDC nominated for minority owned business of the year are Doctor Frio AC and Heating and veteran owned business of the year Scout Aviation. Mr. Crow stated James Beauchamp’s request to highlight the Motran monthly financials as well as the monthly report in the board packet and the Permian Basin Energy Epicenter brochure. ODC Minutes January 11, 2024 Page 3 Ms. Banda reviewed financials for ODC, June through September. The West Texas National Bank CD matured in September and auto renewed at 3.96% for 12-months. Maturity date will be September 14, 2024. Mr. Crow stated three Municipal Securities are coming up in February. Ms. Banda will be looking at options. Mr. Boutin asked if we are being notified when CDs are coming up for renewal. Ms. Banda stated looking back at documentation they did receive a letter regarding the renewal and rate. September Financials, YTD revenue $17,860,100; $14,405,852 in Sales Tax receipts; and Expenditures $4,359,797. The marketing budget was $600,000, came in notably under budget at $368,834. The positive change in fund balance for the year was $13,500,402. Mr. Russell stated that the financials do not show any infrastructure grants or façade grants, which he thought was incorrect. Ms. Banda stated she will check into that issue. Ms. Banda reviewed the Fiscal Year 2023-2024 Sales Tax Revenue. January’s sales tax received was $1,091,774.77 which is -5.95 from January 2023. Motion was made by Mr. Boutin and seconded by Mr. Russell to approve the financials as amended. The motion was approved by unanimous vote. Resolution No. ODC-2024R-01 – Resolution approving EDA for infrastructure and façade grants at 423 N. Grant with E&L Home Builders. Mr. Prieto stated the total amount of the infrastructure is $133,211 and the façade is $25,000 for a total of $158,211. Mr. Robinson advised that Exhibit A information was incorrect. Dan Jones stated Exhibit A will be replaced with correct information before going before the city council. Mr. Crow stated ODC is giving $25,000 out of the $38,000 estimated expenses for the façade grant. Motion was made by Mr. Boutin and seconded by Dr. Kirk to approve the resolution. The motion was approved by unanimous vote. Resolution No. ODC-2024R-02 – Resolution approving EDA for façade grant at 406 N. Texas Ave. with Amber Young. Ms. Prieto stated they are spending $37,200 and asking for $25,000. Motion was made by Mr. Boutin and seconded by Dr. Kirk to approve the resolution. The motion was approved by unanimous vote. Resolution No. ODC-2024R-03 – Resolution approving EDA for infrastructure and facade grants at 801 N. Grant with Scooter’s Coffee. Ms. Prieto stated the total for infrastructure is $759,886 they are asking for $125,000. They are spending $73,829.57on the facade and asking for $25,000. Total $150,000. Motion was made by Mr. Russell and seconded by Dr. Kirk to approve the resolution. The motion was approved by unanimous vote. Discuss and take any necessary action regarding EDA for Liberty Oilfield Services. Mr. Manskey stated there is no action to take. Liberty Oilfield Services will not be making changes to EDA that was approved by the City Council in October. No action necessary. Discuss and take any necessary action regarding an ODC Planning Retreat in the next two or three months including potential date. Mr. Crow stated the Planning Retreat will be January 25th at 11:30 a.m. at UTPB. A calendar invite will be sent. ODC Minutes January 11, 2024 Page 4 ODC Committee and Officer reports: Partnership, Tax Incentive, Advertising, DOI Grants Design Review Board, and Compliance. Mr. Crow stated Partnership has not met but looking at available dates. Closed Session the board may recess into Executive Session in compliance with section 551.001 et. Seq. Texas Government Code. Section 551.087, Deliberation regarding Economic Development negotiations. Motion was made by Dr. Kirk and seconded by Mr. Russell to recess into Executive Session. The motion was approved by unanimous vote. Recessed into closed session at 3:23 p.m. Project Logical Location Reconvened at 4:56 p.m. No action taken. Citizens comments on non-agenda items. No comments. Upcoming dates for future ODC Board meetings. The ODC Planning Retreat is scheduled for January 25, 2024.The next ODC meeting is scheduled for February 8, 2024, at 2:00 p.m. Motion was made by Mr. Russell and seconded by Dr. Kirk to adjourn the meeting. The motion was approved by unanimous vote. The meeting was adjourned at 4:58 p.m. PREPARED BY: APPROVED: Kathi Vaughn Kris Crow Economic Development Specialist President ATTEST: Norma Aguilar-Grimaldo, TRMC, CMC City Secretary