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From YouTube: Economic Advisory Committee Special Meeting, 05/11/2021
Description
Economic Advisory Committee Special Meeting, 05/11/2021
B
B
Since
we
had
this
presentation
last
thursday
and
due
to
legal
matters,
we
couldn't
take
any
action
on
it
because
it
was
simply
a
presentation,
so
I
wanted
to
bring
it
back
with
a
discussion
of
possible
action
for
the
committee
to
go
ahead
so
I'll
go
ahead
and
make
the
motion
to
approve
the
property
assess
clean
energy
program.
Second,
is
there
any
discussion?
B
G
Mr
chairman,
I
just
wanted
to
add
that
arnold's
done
a
lot
of
work
here.
He
deserves
a
lot
of
credit
for
putting
this
together
and
sending
through
a
lot
of
phone
calls
with
the
pace.
Folks
and
so
he's
gonna
work
to
get
this
on
the
next,
the
soonest
agenda
that
we
can
get.
So
we
can
get
the
program
going.
B
G
G
But
the
the
program
was
established
in
1989
by
state
statute.
State
state
legislature
passed
it
on
and
to
our
democratic
friends.
It
was
a
democratic,
controlled
state
house
and
the
governor's
office.
I
think
at
that
time,
so
they
passed
this
economic
incentive
program,
which
is
kind
of
you
know,
usually
doesn't
follow
trends,
but
that's
that's
what
they
did
back
in
89.
G
Hundreds
of
cities
use
this
program
for
recruitment
purposes,
for
incentivizing
expansions.
You
know
local
expansions,
renovations
and
other
programs.
In
addition,
the
counties
across
texas,
there's
254
counties
counties
can
use
this
same
program,
there's
just
a
small
tweak
to
it
and
it's
called
chapter
381,
so
they
can
do
the
very
same
thing.
C
G
G
G
They
can.
They
can
sort
of
zero
in
on
how
you
might
be
able
to
help.
You
know
get
something
done
so,
but
they're
still
mainly
focused
on
tax
rebates
and
economic
assistance,
and
that's
what
companies
ask
for
there's
agreements
these
agreements,
even
though
they're
they're
used
across
the
state
they're
still
unique.
G
Each
agreement
is
sort
of
a
case
by
case
basis.
It
depends
on
how
big
of
investment
the
company
is
bringing
in.
You
know
how
many
employees
are
going
to
have
what
they're
asking
for
the
term
might
be
a
certain.
You
know
certain
amount
of
years.
That's
why
I
put
is
fairly
scalable
because
it
could
be
a
one-year
thing.
It
could
be
a
ten-year
thing.
G
We've
had
people
ask
us
for
a
25-year
tax
rebate,
which
you
know:
that's
not
really
smart,
but
if
it's
apple
and
they're
gonna
do
a
four
billion
dollar
investment,
then
you
might
want
to
consider
that
we
haven't
really
had
that
case
here,
but
so
we're
we're
we're
working
with
what
we
have
so.
But
but
the
point
is
that
everything
is
different
under
the
three
or
everything
can
be
different
at
380,
but
you
have
to
really
measure
case
by
case
and
use
your
guidelines.
G
You
know
for
that.
So
around
the
state
just
give
an
example:
tesla
toyota,
kubota
was
you
know
the
tractor
maker,
the
pro
golfers
association,
the
pga
they've,
moved
from
from
florida
to
frisco
apple,
and
then
you
know
jerry
jones
and
and
jerry
world.
The
texas
rangers,
you
name,
it
they've
all
used
380
guideline,
partnering,
380
agreements
to
help
with
their
projects
anywhere
from
4
billion.
To
you
know
several
million
headquarters.
G
You
know
there's
all
sorts
of
ways
to
use
it,
and
I
just
wanted
to
give
you
some
projects
that
you
might
be
familiar
with:
apple
in
austin,
the
pga
and
fiscal
kubota
and
plano
toyota
in
san
antonio
and
plano,
for
that
matter,
their
north
american
headquarters,
tesla
and
austin,
and,
of
course,
the
dallas
cowboys
in
arlington.
All
those
used
380
agreements
to
get
what
they
needed,
or
they
felt
they
needed
city
of
laredo,
has
about
a
nine
380
agreements.
Right
now
that
are
active
at
different
stages.
G
Most
of
them
are
have
been
around
for
a
while,
since
I've
been
here,
we've
worked
on
the
mission
produce
one.
We
worked
on
the
sunset
master,
nardi
one
and
then
we're
in
the
middle
of
two
other
ones.
Those
two
other
ones
one
I
have
brought
to
the
committee
was
the
westpac
avocado
and
then
there's
another
one
that
I
put
on
the
agenda
last
time.
But
it's
not
quite
ready
yet
so
we're
working
with
those
but
those
other
ones.
G
Some
are
in
compliance
and,
and
some
are
not
like
the
mall,
the
downtown
mall,
it
has
a
380,
but
it's
out
of
compliance
and
legal
is
fixing
trying
to
fix
that
right
now,
and
so
we
have
several
already
so
there
were
some
about
in
the.
I
think
it
was
the
late
90s,
the
city
of
laredo
adopted
a
general
incentives
program.
G
G
Lastly,
so
texas
has
ranked
has
been
ranked
number
one
by
site,
selector
magazine
for
17
17
straight
years
as
the
best
for
for
corporate
expansions
and
relocations,
and
that's
based
on
the
programs
that
we
have
available
like
like
the
texas
chapter
380..
In
fact,
I
went
to
a
economic
development
conference
here
recently
and
the
the
direct
the
president
of
the
iedc,
which
is
a
international
economic
development
council,
said
asked
everyone
in
the
in
the
room
said:
hey.
Who
here
is
from
texas
raised
your
hand,
and
we
raised
our
hand.
G
He
said
everybody
else
go
talk
to
these
guys,
because
texas
knows
what
he
what
it's
doing
when
it
comes
to
economic
development.
So
so
we
have
a
good
statewide
program
that
that
just
about
everyone
takes
advantage
of
next
slide
the
guidelines
for
economic
incentives
under
the
the
chapter
380
program.
This
is
the
actual
language
in
the
state
statute
that
has
created
the
380.
G
there's
a
little
bit
more
legalese
at
the
bottom.
A
pardon
me
on
in
addition
to
this
on
that
page,
but
this
is
the
primary
language
for
the
380.,
so
it
just
basically
says
what
we've
been
talking
about.
It
authorizes
the
university
council
to
establish
and
provide
for
the
administration
of
one
or
more
programs,
including
programs
for
the
making
of
loans
and
grants
of
public
money
and
providing
personnel
and
services
of
the
city
to
promote
economic
development.
G
The
loans
and
grants
the
grants,
especially
grants
means
can
mean
tax
rebates.
So
that's
why
it
doesn't
say
rebates
here,
but
that's
what
grants
are
considered.
So
this
and
again,
let
me
just
read
through
it
this.
This
policy
is
intended
as
a
recommended
practice
for
the
administration
of
incentive
agreements
outlined
herein,
which
can
be
revised
upon
adoption
by
anally.
G
This
is
something
julie,
and
I
julian-
and
I
were
talking
about
this
document
being
a
working
document,
so
you
it
has
to
be
updated
every
two
years
or
quite
re-adopted
every
two
years.
It
doesn't
have
to
be
updated,
but
it
can
be
updated
every
two
years,
but
it
has
to
be
re-adopted
by
the
city
council.
Every
biennium
is
intended
to
establish
a
program
and
set
forth
recommended
guidelines
and
criteria
for
persons
or
entities
interested
in
receiving
economic
development
grants
or
loans
from
the
city
pursuant
to
chapter
380
of
the
texas
government
code.
G
Retail,
slash,
hospitality,
the
city
council,
also
at
the
beginning
of
the
pandemic,
had
me
drafted
a
document
that
said
hey.
This
is
what
we
want
to
concentrate
on,
they
adopted
it
and
it
was
manufacturing
logistics,
healthcare,
destination,
retail,
just
like
similar
to
the
viva
laredo
plan,
eligibility
and
criteria.
I
there's
a
lot
of
little
things
that
that
a
firm
has
to
do
in
order
to
you
know
to
qualify.
They
have
to
apply.
G
They
have
to.
You
know,
show
us
their
plans,
site
plan
capital,
outlay,
plan,
things
like
that
that
are
in
the
in
the
document,
but
generally,
this
is
what
we,
what
we
want
to
use
these
incentives
for-
and
I
think
you've
seen
this,
because
this
is
really
just
recapping-
the
document
from
before,
but
up
up
to
75
and
five
years,
based
on
a
10
million
dollar
investment
and
30
new
jobs.
That
would
be
the
minimum.
G
Well,
the
good
thing
is
about
this
document.
Like
I
said,
the
380
is
very
flexible
and
these
are
guidelines
right.
So
this
is
what
will
be
known
to
everyone
that
doesn't
mean
that
we
can't
take
it
before
the
council
or
the
or
the
the
committee
with
some
some
tweaks
here
and
there
that
would
make
it
acceptable
right.
So
if
it's
20
new
jobs,
the
city
council
has
the
authority
to
accept
it,
even
if
it
doesn't
meet
the
strict
guidelines.
G
So
if
you
don't
invest,
50
mil
or
you
don't
come
in
with
a
company
headquarters
like
you're,
not
getting
into
their
380
program
so
for
us
and-
and
you
also
have
to
look
at
whether
you're
not
giving
you're
not
giving
a
380
to
to
anybody.
So
you
don't
want
to
make
it
like,
say
two
million
dollars
right.
So
we
look
we're.
This.
Is
taxpayer
money
that
we're
dealing
with
here?
So
we
want
to
have
some
a
good
bar.
G
F
F
G
Well,
that's
what
we're
trying
to
do
is
is
we.
We
know
we're
going
to
get
a
lot
of
warehouses
that
are
at
four
and
five
million,
but
is
that
what
we
want
to
invest
taxpayer
dollars
into
a
project
like
that?
To
give
incentives
to
that?
You
know,
hopefully,
that
there
can
be.
You
know,
cold
storage
involved
or
maybe
a
much
bigger
distribution
center
with
with
that
with
an
administrative
area.
You
know
that
would
take
it
up
to
10
mil.
You
know
we
we
want
to
encourage
more
investment
with
these
incentives,
I
mean
that's.
F
No,
I
I
agree,
I
guess
I
guess
the
direction
my
thought
is
going
is
like
warehousing
is
our
bread
and
butter,
and
we
do
need
to
make
sure
that
we
stay
strong
in
that
category.
But
when
we
talk
about
other
type
of
businesses
that
may
not
require
a
hundred
thousand
square
foot
warehouse
that
brings
30
jobs.
Of
of
you
know,
engineers
that
are
working
on
programming
and
I'm
throwing
this
out
as
an
example.
But
but
it's
a
concern
of
mine.
It's.
G
F
F
F
But
I'd
like
to
point
out
how,
typically
these
companies
decide
to
move
into
these
areas,
they
don't
they
don't
look
at
that
small
language.
They
look
at
what
is
the
standard?
What
is
their
chapter
380
show
and
if
we're
not
referencing,
that
and
and
our
statement
is
just
come
talk
to
us-
I
think
they're
very
fast
moving
and
we
need
some
form
of
standard,
that's
already
in
this
agreement.
So
when
we
send
these
things
out,
they
can
point
to
something
and
say
look.
This
is
this
is
in
very
if
we
meet
these
criteria.
F
A
G
G
You
know
the
point
here
is
really
to
to
increase
or
retain
quality
well-paying
jobs,
generate
investment
and
and
also
to
generate
economic
activity,
for
instance
on
that
westpac
that
that
that
you
guys
were
able
to
recommend
to
the
council,
is
you
know,
they're
they're,
saying
that
they're
going
to
you
know
have
about
120
truck
costs
crossings
per
week
at
the
bridge?
Well,
that
that
adds
up
to
a
lot
of
money,
and
so
there's
other
things
that
that
you
know
these
kind
of
investments
we're
going
to
generate.
G
G
G
However,
I've
seen
them
supersede
that
that
part,
if
somebody
like
tesla
comes
in
or
the
the
investment
is
so
dynamic,
is
so
big
that
it's
worth
busting
the
cap
on
that
like,
for
instance,
toyota,
I
think,
got
like
14
years
in
san
antonio
100
percent,
but
their
investment
was
like
340
million
dollars
or
something
like
that,
so
so
really
willing
to
look
at.
You
know
things
of
that
nature.
G
Want
to
go
to
the
next
page,
so
again,
guidelines
for
laredo.
There
are
exceptions
in
the
document
which
I
can
show
you
right
after
this
slideshow,
which
would
mean
that
say
a
local
expansion
which
I
have
over
here
to
the
right.
If
it's
a
smaller
business,
you
know
they
would
have
a
lower
threshold
for
receiving
a
380.,
also
for
downtown
and
infill,
and
the
city
council
can
make
exceptions
wherever
they
would
like
based
on
their
authority
and
selected
body.
They
can
decide
that.
G
They
want
to
use
a
380
for
something
else,
not
based
on
my
recommendation,
or
they
would
want
to
not
use
my
recommendation
and
have
their
own
decision.
That
would
be
up
to
them.
So
there's
there
are
exceptions
and
julian,
including
the
one
you
mentioned,
for
you,
know,
tech,
businesses
or
engineering
or
something
that
would
be
valuable
but
doesn't
have
the
number.
We
definitely
don't
want
to
turn
our
our
backs
to
something
like
that.
G
The
the
poverty
wage
of
federally
is
like
1236,
or
something
like
that.
So
now
we're
not
asking
every
private
sector
business
to
pay
to
pay
for
that.
To
pay
that
wage
in
laredo,
that's
not
our
job,
but
if
you're
going
to
receive
you
know,
half
you
know:
half
a
million
dollars
in
benefits
or
or
two
or
three
million
dollars
in
benefits.
Then
we
think
that
we
can
ask
you
to
to
pay
the
living
at
least
the
living
wage.
G
And,
let
me
let
me
add
there
really
quick
before
anyone
wants
a
comment
that
the
last
three
or
four
businesses
that
we've
recruited,
as
you
saw
with
westpac
they're,
all
paying
more
than
13
already
and
somewhere
at
the
15
level.
So
if
anyone
wants
to
comment,
they're
welcome
to
comment
here
if
they'd
like.
G
Any
questions
with
that
one:
okay,
the
application
process
and
com
compliance.
We've
developed
an
application
for
folks
to
do
online.
If
they
want
it
sent
to
them,
we
can
print
it
and
mail
it
to
them,
but
we
prefer
online
application
and
we
we
can.
We
can
start
there.
There
is
a
there's:
we've
added
a
2500
fee
to
that
application.
G
We
think
that's
justified,
given
the
amount
of
incentive,
usually
that
that
the
firm
is
going
to
receive
in
addition
to
that,
to
the
staff
time
that
is
needed
to
to
work
on
on
these
380s.
It's
it's
really
more
than
that,
but
that
seems
about
fair
and
about
the
state
average
around
texas
best
practices.
G
Oh
pardon
me,
let
me
back
up
compliance.
What
we're
doing
what
we
are
doing
with
compliance,
we're
writing
into
the
agreements
and
it's
not
in
the
guidelines
it's
mentioned
in
the
guidelines.
I
think,
but
the
what
we're
putting
in
every
agreement
is
that
they
have
to
comply
to
annual
audits
performed
either
by
us
or
by
a
consultant
to
make
sure
that
they
are
in
in
you
know,
in
line
with
what
they
agreed
to
in
in
the
380
agreement
that
they
they
have
signed.
G
So
if
they
say
they're
gonna
hire
a
hundred
folks
within
two
years,
then
we
need
to
see
their
pay
records.
When
you
see
the
payroll,
we
need
to
see
all
the
names
employee
numbers
their
benefits,
also
what
what
benefits
they're
receiving
or
if,
if
they're,
not
receiving
it,
they,
the
employee
has
to
have
checked
no,
but
it
had
to
be
offered
to
them.
G
G
One
of
the
one
of
the
things
that
we
need
to
do
the
most
is
perform
compliance
a
lot
of
these
agreements,
the
nine
agreements
they
have
in
their
in
their
possession
that
that
they
get
audited
twice
a
year
right,
and
so
we
have
to
do
that
and
and
and
rosie
falls
on
me.
But
so
far
we've
been
able
to
speculate.
D
Question
john
vial,
yes,
sir,
so
who
pays
for
these
audits?
Is
it
in
the
in
the
agreement?
Is
it
in
the
I
guess,
the
application,
or
once
you
do
the
actual
380
agreement
that
they
pay
for
it
because,
like
in
in
our
world
in
the
banking
world,
if
we're
going
to
do
inspections,
you
know
we
get
a
third
party.
They
pay
for
the
customer,
pay
for.
G
G
D
G
G
I
mean
if
the
company
is
really
good
and
it
probably
takes
like
several
hours
and
then
and
then
a
face-to-face
meeting
which
maybe
so
maybe
like
four
or
five
hours,
but
if
it's,
if
it's
the
first
time
and
it's
hard
and
they
don't
have
their
together,
it
takes
a
you
know.
It
might
take
a
couple
of
days.
D
G
G
Oh
I'm
sorry,
I
misunderstood
you,
john.
No,
the
that
burden
is
on
them.
I
mean
we
do
remind
them,
but
it's
written
into
their
contract
when
there's
when
the
meetings
will
be
and
when
their
complaints
will
be.
Like
october
of
of
this
of
every
year
you
know
october
15th
or
whatever
you
we're
going
to
review
your
you
know,
go
through
your
compliance.
G
And
so
we
give
them
a
courtesy,
email
or
phone
call
and
and
ask
them
hey.
Is
there
any
questions,
because
your
compliance
date
is
coming
up
and
you
need
to
be
ready
and
would
you
like
to
meet
here?
Would
you
like
to
do
a
virtual
or
whatever
a
lot
of
the
older
agreements
had
two
compliance
meetings
per
year
as
we
go
up
in
number
with
these
with
these
agreements
I'm
trying
to
get
that
to
once
a
year
jack.
F
C
F
G
This
is
one
just
one
of
them
and
there's
other
things
to
do,
but
this
is
a
380
and
certainly
believe
in
it,
and
I
think
it's
a
great
document
and
a
program
to
use.
So
that's
so
we
have
the
endorsement
of
the
plan
to
to
get
after
it.
So
that's
good
and
then
best
practices
you
know
besides
me.
I
think
some
of
you
have
looked
at
other
cities,
but
I
especially
looked
at
fort
worth
san
antonio
el
paso,
mcallen
and
austin,
and
putting
this
document
together.
Ultimately,
it's
not
my
document.
G
G
Look,
I
mean
no,
it's
a
good
question.
I
honestly,
I
really
don't
but,
but
I
don't
want
to
you-
know
sound
like
I'm
crying
over
here
for
more
people,
but
no,
you
know,
as
I
mentioned,
to
y'all
before
san
antonio
has
a
compliance
team
right.
El
paso
has
a
compliance
team
right.
They
have
11
or
12
people
in
these
departments.
So,
and
you
know
I
mean
it's
a
it's
a
different
thing
and
we
we're
just
kind
of
starting
out
here.
G
A
A
G
G
No,
you
know
you're
right,
our
our
preference
is
to
we're
gonna
put
the
once.
The
everything
gets,
okay
by
the
city
council,
hopefully
here
in
the
near
future,
we'll
put
up
a
digital
application
and
do
everything
in
our
power
to
get
people
to
use
that
only
and
not
printed
now,
if
someone
persists
and
asks
for
a
printer
well
I'll,
send
it
to
them.
But
but
really
it's
going
to
be.
You
know
online
in
terms
of
your
your
other
point
about
what
what
systems
are
we
using?
C
F
F
F
F
So
the
1.0
that
I
added
in
front
of
decolor's,
chapter
380
that
he
had
is
basically
a
description
of
the
goals,
the
strategies
of
the
city,
it
references,
the
com
plan,
like
becca,
said
it
really
kind
of,
at
least
in
my
opinion,
gets
the
applicants
in
the
mindset
of
what
the
city
is
truly
looking
for.
It
makes
references
to
the
economic
development
guideline
goals
from
the
vivo
laredo
comprehensive
plan.
F
F
Keep
going
scrolling
the
chart?
Yes,
so
so
it
just
really
kind
of
gets
them
in
the
mindset
before
going
into
the
purpose
that
that
is
one
of
the
things
that
was
added.
The
the
second
thing
that
I
added
that
I
know
we
don't
have
funding
for
everything
else
is
the
same
until
you
go
into,
I
added
a
section
called
4.3
loan
funding.
F
This
wasn't
currently
in
that
close
original.
There
isn't
funds
for
this.
Currently
I
I
did
inject
language
that
says
when
funds
are
available
for
the
program
that
that
this
would
be
another
tool
in
the
toolbox
that
we
can
use
as
the
city
it.
Basically,
I
I
think
this
kind
of
partially
encompasses
those
businesses
that
are
bringing
more
jobs
than
actual
building,
for
example
it
it
gives
it's
basically
a
loan
based
off
either
the
total
investment
or
the
amount
of
of
jobs
created.
F
I'm
not
sure
if
you
guys
have
a
chance
to
read
through
it,
but
that's
the
basics
of
what
it
is.
It's
just
another
tool
that
we
can
utilize
that
I
think,
should
be
included
in
this
chapter
380..
So
when
the
time
comes,
because
I
know
eventually
the
city's
going
to
wake
up
and
we're
really
going
to
start,
you
know
investing
not
only
in
our
economic
development
department
but
in
the
fund
that
that
allows
us
to
do
a
lot
of
these
incentives.
F
We
will
then
have
this
tool
available
to
be
turned
on.
You
know
at
that
given
moment
the
last
and
final
thing
that
I
that
I
changed
and
and
to
me
this
is
I.
I
really
would
like
to
hear
everyone's
perspective,
which
is
the
4.2,
the
maximum
tax
revenue
percentage
reimbursement,
hey,
what
number
that
is
4.2,
it's
the
one
right
above
it.
F
D
G
Go
ahead.
John.
Sorry,
no!
I'm
already
finished,
oh
okay,
so
my
my
thinking
on
this
again
is
that,
based
on
you
know
a
survey
of
what
investments
are
being
made
in
laredo
and
the
idea
of
drawing
more
investment
to
laredo
at
a
higher
level.
That's
what
the
incentives
is
for.
If
people
are
if
firms
are
already
make
two
million
dollar
investments,
then
this
is
not
incentivizing
them
to
do
more
or
to
create
more
jobs.
In
my
opinion
I
mean
that's
too
low,
I
mean
a
fast
food.
G
Joint
can
can
cost
up
to
two
million
dollars
so,
like,
like
julian
said,
he
is
correct
that
we
could
always
say
no,
and
we
don't
have.
You
know
fast
food
places
as
some
as
a
target
industry,
but
to
give
you
an
idea
of
evaluation
depending
on
the
price
of
the
land,
where
they're
located,
they
can
cost
up
to
two
million.
A
lot
of
them
are
usually
like
a
million
dollars
or
less
900.
A
chick-fil-a
is
like
975
million,
plus
the
land
right,
so
you're
already
getting
close
to
two
million.
G
When
you
have
other
cities
that
are
doing,
you
know
25
times
that
so
it
I
mean
I
just
and
30
new
jobs
for
2
million
investment-
that's
probably
not
going
to
happen,
and
if
it
is
it's
going
to
be
a
lot
lower,
paying
so
you're
not
really
going
to
get
much
with
the
with
the
lower
level
investment
like
that,
and
that's
I
mean
I
think
the
writer
could
even
do
more
than
that.
But
so
I
mean
that's
why
I'm
looking
at
10
million?
That's.
A
F
F
F
G
G
Part
here
on
page
seven,
which
is
which
I've
referred
to
a
few
times
already,
is
that
projects
make
may
also
be
considered.
City
council
determines
that
the
venture
will
make
a
unique
or
unequal
contribution
to
the
economy
or
if
the
project
is
expected
to
have
at
least
10
million
added
value
to
real
property
or
business
property,
business,
personal
property,
which
means
the
equipment
combined
or
at
least
or
at
least
30
new,
permanent,
full-time
jobs.
Great,
however,
special
considerations
on
on
number
e
is
city
may
waive
certain
incentive
requirements.
G
If
the
business
project
is
a
comp
is
a
company
that
is
missing.
The
word
that
that
will
locate
a
primary
or
regional
headquarters
in
laredo
is
a
technology
firm
research
and
development
business
or
a
medical
field
facility
that
would
create
multiple
high
demand
or
high
paying
jobs
or
feel
a
specific
or
established
needs,
even
if
they
are
fewer
in
number
so
julian.
G
F
G
A
Well,
the
other
thing
is,
if
you
do
an
analysis
of
what
these
tech
companies
are
doing
in
other
places
of
the
state.
Austin,
of
course,
is
one
of
them.
They're,
not
spending
two
million
dollars,
there's
just
no
way,
they're
spending
two
million
dollars.
Even
if
it's
infrastructures
they're
not
spending
two
million
dollars.
G
See
that's
why
that's
where
I
agree
with
julian
they're
not
going
to
spend
the
you
know:
5
million
they're
not
going
to
spend
2
million
if
it's
a
bootstrap
and
it's
it's
six
or
seven
people
or
nine
people,
and
they
want
a
technology
firm
they're,
not
gonna,
they're
gonna
at
least
not
buy
this.
This
will
be
perfect
for
them.
That's.
Why
that's
why
we
wrote
that
in
here
that.
D
D
G
Any
I
don't,
even
I
don't
recall,
maybe,
but
one
that
we're
dealing
with
right
now,
actually
in
pacadora
jb
that
was
already
on
the
agenda,
everything
else
has
been
bigger,
so
that
one
is
for
how
much
7.5
mil
they
originally
said:
10
million
no
12
million.
Then
they
took
it
down
to
10.
Now
it's
7.5
and
they're,
creating.
G
That's
the
local
right,
that's
a
local
one!
That's
expanding
and
we've
made
we've
made
an
exception
for
them
as
well.
On
letter
f,
as
you
see
in
front
of
you,
we
took
that
down
to
7
million
again.
These
are
these
are
incentives
you
know
they're
to
draw
more
investment
and
bigger
investment
and
more
jobs
instead
of
just
what's
already
coming
in.
We
want
to
raise
the
bar
here
to
draw
more.
A
D
G
G
I
don't
think
there
is
one
I
don't
think
it
lists
as
minimal
investment
julian.
I
have
to
go
back
to
that
because
we
don't
really
have
a
380
policy.
We
just
have
like
an
incentives
policy.
I
guess
that's
supposed
to
capture
380..
I
don't
think
there
was
a
minimal
investment.
Arnold.
Do
you
recall
that
you
still
have
that
document?
I
think.
C
G
G
According
to
our
finance
department
and
I'll,
let
me
double
back
with
them.
They
I
think
they
mentioned
to
me
that
they've
never
paid
out
on
this
agreement,
meaning
that
they've
never
met
their
threshold
of
what
they
said.
They
were
going
to
do,
and
I
don't
think
this.
I
don't
think
any
money
has
ever
been
paid
out
for
it.
Okay,.
A
No,
I
I
if,
if
we
need
to
move
this
forward
for
now,
yes,
I'm
actually
doing
research
as
we're
talking
about
this
and
I'm
looking
at
what
startup
companies
tech
companies,
because
I'm
with
you,
I
I
I'm
all
for
bringing
tech
companies
to
this
community.
That's
where
we're
headed
for
many
many
years
and
we're
behind
already
but
julian.
What
I'm
seeing
is
investments
are
in
in
above
the
even
20.
A
Like
I'm
doing
again,
I'm
doing
a
five-minute
research
right
now
and
looking
at
some
information
that
I
have,
and
so
yes,
it's
it's
not
in
the,
but
it's
not
even
in
the
in
the
20
millions.
It's
going
above
that,
but
I
would
need
a
little
bit
more
time
to
do
research
to
see
if
it's,
even
if
it
merits
a
review
of
maybe
five
to
ten.
D
F
G
Well,
here's
here's
the
thing
you
bring
up
a
good
point,
julian
sort
of
a
philosophical
question
here:
is
that
do
you
want
everyone
to
get
a
to
get
a
an
economic
economic
incentive,
or
do
you
want
ones
who
bring
more
jobs
and
more
investment
to
get
economic
incentive?
And
I
go
with
the
latter
and
not
the
former,
because
that's
what
I
that's,
what
we
want
to
aspire
to
is
more
jobs,
more
higher
paying
jobs.
Therefore,
you
incentivize
that.
F
We
review
this
and
someone
asked
well
how
many
people
and
we
debate
if
we
would
like
to
lower
that-
and
we
ask
the
question
well
how
many
people
apply
that
were
less
than
10
million
you're
going
to
say,
none
because
you
know
people
are
going
to
view
this
and
they're
going
to
say
I
don't
even
qualify
for
this.
To
begin
with,
I
understand
that
there's
a
language
in
there
that
says
you
know
you
can
come
and
talk
to
us,
but.
G
F
Specific
I'd
like
if,
if
they
meet
the
criteria,
a
lot
of
people
to
apply
not
qualify,
apply
and
the
more
you
know
the
more
ideas
that
we
get.
We
don't
have
to
accept
all
these
things,
but
it
is
good
in
my
opinion,
that
we
have
a
lot
of
people
that
feel
like
they
need
a
lot
of
this
criteria
to
apply
and
feel
like
that
they
can.
F
G
F
G
Well,
at
2
million,
I
guarantee
you,
that's
not
going
to
happen.
So
that's
my
recommendation.
We
can
keep
going
on
and
on
about
it
I
hear
you
what
you're
saying
you
bring
up
some
good
points.
I
I
happen
to
disagree,
but
with
that
number
and
that's
what
I'm
going
to
recommend
to
the
council
is
a
10
million
threshold.
F
Can
I
say
something
rafa?
I
really
think
at
the
bare
minimum,
I'm
okay
with
leaving
what
I
amended
on
4.2
out,
but
adding
section
4.3
and
the
1.0
to
it.
I
think
if
we
leave
that
out
we're
just
throwing
a
a
tool
out
of
the
toolbox,
I
think
we
need
to
add
that
if
you
would
amend
to
include
at
least
4.3
and
1.0
from
what
I
sent
to
you
guys,
I
I'd
appreciate
it.
H
G
G
G
F
B
A
B
H
C
F
F
B
F
E
F
H
D
A
B
B
I
B
G
I
just
want
to
say
that,
even
though
some
of
these
things
can
get
a
little
cantankerous,
I
really
do
respect
the
opinion
and
the
input
that
everyone
has
y'all
have
seen
julie
and
I
go
back
and
forth
on
some
things
and
they're
just
healthy
disagreements.
I
have
a
lot
of
respect
for
julian
he's
on
this
committee
to
serve
the
city
he's
doing
the
best.
G
What
he
thinks
is
is
is
is
best,
for
you
know,
laredo
and-
and
I
think
the
same
way
so
I
I
appreciate
everything's
done
john
you-
and
I
have
been
talking
about
this
for
nine
months
for
a
year,
and
so
I
appreciate
all
the
work
you've
done
and
all
the
other
committee
members
have
put
into
this,
and
hopefully
we'll
get
a
good
response
here
from
the
city
council
next
monday.
So
I
appreciate
y'all
on
this.
Thank
you
for
all
your
hard
work.
E
I
Wait.
Excuse
me
this
is
mercury,
martinez
and
a
councilman.
I've
I've
been
listening
on
this.
I
think
it's
a
very
healthy
discussion.
You
didn't
hear
me.
I
won't
speak
because
I
want
to
hear
what
the
committees
are
saying.
I
don't
want
to
put
my
input
I'll,
give
my
input
at
council,
but
but
I
really
appreciate
you
all
getting
together
and
and
having
these
discussions.
I
I
believe
in
the
committee
the
these
back
and
forth,
discussions
that
you
all
are
having
like
tecla
said,
is
very
healthy
and
it's
the
type
of
discussions
that
need
to
be
happening
and
and
by
you
guys
having
these
discussions.
It
reduces
the
amount
of
time
that
we're
going
to
be
discussing
at
city
at
city
hall.
That's
why
I'm
a
firm
believer
in
committees
have
the
major
discussions
in
the
committees
so
that
way
when
it
gets
to
council
it,
it
comes
already
recommended
by
you
all
the
committee
members
and
all
those
major
discussions.
I
These
back
and
forth
have
already
taken
place
and
it's
it
makes
our
job
a
lot
easier,
and
so
I
really
really
want
to
thank
you
for
your
input
and-
and
I
know
you-
you
all
saw
that
my
name
was
on
here.
But
again
my
aim
was
just
to
listen
to
you.
All.
I've
heard
the
the
the
I've
heard,
the
the
points
that
were
were
given
on
the
majority
and
on
the
dissenting
side.
So
for
me,
I'm
I'm
really
happy
to
have
attended
this,
so
that
thank
you
again
for
for
your
input.