[00:00:01]
THOSE IN FAVOR, RESPOND TO SAYING AYE?
[2. Call meeting to order;]
WE'RE NOT DONE YET. WE ARE WAIVING THE FLASHINGS THE PLEDGE OF ALLEGIANCE TO THE FLAG. IT IS 9:53 P.M. THIS MEETING OCCURRED 72 HOURS IN ADVANCE OF THE MEETING, OCCURRING WITHIN THE WOODLANDS TOWNSHIP BUILDING. STATE LAW REQUIRES AT LEAST FOUR BOARD MEMBERS BE IN ATTENDANCE. I ASKED EACH BOARD MEMBER WHEN RESPONDING AUDIBLE AS I CALL ROLL. VICE CHAIRMAN EISSLER?
[3. Receive, consider and act upon adoption of the meeting agenda;]
>> HERE. >> I DETERMINE WE HAVE A SUFFICIENT NUMBER OF MEMBERS, WE HAVE A QUORUM. PLEASE REVIEW YOUR AGENDA ON ADOPTION OF THE AGENDA.
>> SO MOVED. >> MOVED BY DIRECTOR FRANK.
SECOND BY DIRECTOR GIBBS. WE DON'T HAVE ANY PUBLIC OFFICIALS.
ANY PUBLIC COMMENT? WE DON'T HAVE ANY PUBLIC COMMENT. THANK
[ CONSENT AGENDA]
GOD I DON'T HAVE TO READ THAT. >> CONSENT AGENDA?
>> DO WE HAVE A LIST OF NAMES I COULD READ? SORRY ABOUT THAT.
LORD. THE CONSENT AGENDA IS NON-CONTROVERSIAL AS REQUIRED BY LAW, CONSIDER APPROVAL. NO DISCUSSION WILL TAKE PLACE UNLESS IT IS REMOVED FROM THE CONSENT AGENDA. THERE'S ONE ITEM ON THE CONSENT AGENDA. DO I HAVE A MOTION?
>> SO MOVED. >> SECOND BY DIRECTOR FRANKS.
[7. Receive, consider and act upon approving the forms of the Oaths of Office, Official Bonds and Statements of Elected/Appointed Officers of newly appointed Directors of The Woodlands Township Economic Development Zone;]
>> OPPOSED? MOTION CARRIES. AGENDA SEVEN, REGULAR AGENDA. I REFER TO PAGE TEN OF YOUR PACKETS. CHIEF ADMINISTRATIVE
OFFICE TO PRESENT. >> JUST LIKE THE TOWNSHIP OATHS, THEY ARE THE SAME AS THE STATE PROM PROMEGATE FORMS. THAT'S
IT. >> OKAY, I CALL THE MOTION AND SECOND TO APPROVE THE FORMS OF THE OATH OF OFFICE.
>> SECOND. >> THE OFFICIAL BOND STATEMENT.
SHE'S GOING TO GET MAD AT ME. STATEMENTS WILL APPOINT THE ECONOMIC DEVELOPMENT ZONE, MOTION BY RICHARD, ALL THOSE IN
[8. Receive, consider and act upon election of Officers for The Woodlands Township Economic Development Zone Board of Directors;]
>> MOTION CARRIES. AGENDA EIGHT, RECEIVE, CONSIDER AND ACT UPON ELECTION OF THE OFFICERS FOR THE WOODLANDS TOWNSHIP ECONOMIC DEVELOPMENT ZONE BOARD OF DIRECTORS.
>> APPOINTING THE SAME OFFICERS TO SERVE AS WHAT SERVES ON THE TOWNSHIP BOARD. THE ONLY DIFFERENCE IS THIS IS THE PRESIDENT AND VICE PRESIDENT, TREASURER AND SECRETARY. BUT WE CAN GO THROUGH A BALLOTING PROCESS OR SIMPLY CHOOSE TO
UTILIZE THE SAME OFFICER. >> I CALL A MOTION TO ELECT THE OFFICERS OF THE WODLANDS TOWNSHIP TO SERVE AS OFFICERS FOR THE WOODLANDS TOWNSHIP ECONOMIC DEVELOPMENT ZONE.
>> SO MOVED. >> MOVED BY RICHARD. SECOND BY
[9. Receive, consider and act upon the financial report for The Woodlands Township Economic Development Zone;]
CRAIG. ALL THOSE IN FAVOR? >> AYE.
>> MOTION CARRIES. AGENDA NINE, RECEIVE, CONSIDER AND ACT UPON THE FINANCIAL REPORT TO THE WOODLANDS TOWNSHIP ECONOMIC DEVELOPMENT ZONE LOCATED ON PAGES 12 THROUGH 16.
>> GOOD NEWS. >> OKAY, I DO HAVE GOOD NEWS ON
>> SO YEAR-TO-DATE FINANCIAL ACCOUNT FOR THE 1% INCREMENTAL TAXES THAT ARE COLLECTED WITHIN THE BOUNDARIES OF ZONE TWO AND THREE. AND THE 1% INCREMENTAL SALES TAX DESIGNATED FOR PUBLIC SAFETY. SO THE YEAR TO DATE THROUGH SEPTEMBER 30, REVENUES COLLECTED ARE -- SORRY, MY REPORT IS OUT OF ORDER. JUST A MINUTE. $3.2 MILLION. THE EXPENDITURES THROUGH SEPTEMBER 30, WHICH SHOULD BE TO PAY THE DEVELOPERS FOR THE TWO PHONES AND THEN TO TRANSFER THE FUNDS OUT OF THE ZONE FOR THE FIRE DEPARTMENT. ALL THOSE TOGETHER TOTAL $28.9 MILLION FOR FAVORABLE REVENUE OVER EXPENDITURES OF $1.3 MILLION.
>> GREAT. >> AND AS OF NOW, BOTH ZONES ARE SCHEDULED TO PAY OFF THROUGH I THINK 2033.
>> COULD YOU KIND OF GIVE A LITTLE BIT MORE? WHERE THE ZONES
ARE LOCATED? H >> YES. SO ZONE TWO WOULD BE THE MARKET STREET PUBLIC ENHANCEMENTS AND THE TOWN PARK.
ZONE THREE WOULD BE THE OUTDOOR EXPANSION OF THE WOODLANDS MALL AND WATER WAY SQUARE. AND THEN IN 2007, THE ZONE, I GUESS WAS RECREATED, HERE TO CAPTURE THE 1% THAT'S COLLECTED WITHIN THE WHOLE TOWNSHIP ZONE TO FUND PUBLIC SAFETY. AND SO TO HELP
PAY FOR THE FIRE DEPARTMENT -- >> I'M SORRY?
[00:05:03]
>> THE OTHER TWO ZONES THOUGH? >> THE OTHER TWO ZONES, THE 1% THAT'S COLLECTED WITHIN THE BOUNDARIES. IT WOULD BE CERTAIN
RETAILS WITHIN MARKET STREET. >> OKAY, I THINK THEY WENT OVER
THAT WITH ME. >> I COULD GO MORE DETAIL AS
WELL, BUT THEY'RE ALL ONGOING. >> AS YOU LOOK AT VILLAGE CENTER AND OTHER ECONOMIC DEVELOPMENT PROJECTS. THEY HAVE DONE REALLY WELL, AND MARKET STREET IS A GREAT EXAMPLE, JUST LIGHTS OUT.
>> COSTCO. >> THEY PAID IT OFF IN THREE
YEARS, DIDN'T THEY? >> EVERY AGREEMENT. THEY'RE
DOING PRETTY WELL. >> YEAH. NOT FOR THIS.
>> OKAY, I CALL A MOTION AND A SECOND TO ACCEPT THE FINANCIAL REPORT FOR THE NINE MONTHS, SEPTEMBER 30, 2025.
>> DIRECTOR FRANK, SECOND BY DIRECTOR. SAY AYE?
>> AYE. >> THOSE OPPOSED? MOTION CARRIES. WE WILL NOT BE HAVING CLOSED SESSION THIS EVENING, WE ALREADY HAD THAT. WE WILL NOT BE RECONVENING BACK INTO PUBLIC SESSION. WE'VE ALREADY ANNOUNCED ENOUGH. BECAUSE WE'RE NOT MEETING ON THIS FOR A WHILE NOW. I CALL A MOTION AND SECOND
TO ADJOURN THE MEETING. >> I MOTION.
>> MOVED. >> MOVED BY DIRECTOR NELSON, ALL THOSE IN FAVOR, RESPOND BY SAYING
* This transcript was compiled from uncorrected Closed Captioning.