Nov 14, 2023 Commissioners Court Work Session

RODRIGUEZ, CAN YOU HEAR

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JUDGE.

GOOD MORNING.

GOOD MORNING.

GOOD MORNING.

ALL RIGHT.

GOOD MORNING.

I'D LIKE TO WELCOME EVERYONE TO THE BEXAR COUNTY COMMISSIONER'S COURT BUDGET WORK SESSION MEETING FOR NUMBER 14 20 23.

UH, THIS MORNING WE'LL DISCUSS THREE MATTERS.

UH, IF THERE ARE NO OBJECTIONS, I'D LIKE TO TAKE UP.

THE FIRST IS TO TAKE UP AGENDA ITEM NUMBER THREE, WHICH IS THE ISSUE REGARDING THE WINDCREST.

THEN WE'LL GO BACK TO THE AGENDA ITEM NUMBER TWO, AND THEN WE'LL CLOSE WITH AGENDA ITEM NUMBER FOUR.

UH, SO LET'S GO AHEAD AND TAKE UP AGENDA ITEM NUMBER ONE, WHICH IS COMMUNICATIONS, INCLUDING CITIZENS WHO ASSIGN TO REGISTER TO SPEAK AND REPORT.

ARE THERE ANY CITIZENS TO BE HEARD? THERE ARE NONE AT THIS TIME, SO WE WILL CONTINUE.

LET US NOW TAKE UP WITHOUT OBJECTIONS.

[3. Discussion and appropriate action regarding approval and execution of a Master Economic Incentives Agreement by and between Bexar County, the City of Windcrest, the City of Windcrest Economic Development Corporation and Industrial Commercial Properties, LLC for the acquisition and redevelopment of the property formerly known as the Windsor Park Mall. ]

BY AND BETWEEN BEXAR COUNTY, THE CITY OF WINDCREST, THE CITY OF WINDCREST, ECONOMIC DEVELOPMENT CORPORATION, AND INDUSTRIAL COMMERCIAL PROPERTIES, LLC FOR THE ACQUISITION AND REDEVELOPMENT OF THE PROPERTY, FORMERLY KNOWN AS WINDSOR PARK MALL.

GOOD MORNING, MAYOR.

COMMISSIONERS.

I THINK WE HAVE, UH, SOME SLIDES.

ALL RIGHT.

WE HAVE A POWERPOINT.

WE DO.

ALL RIGHT.

WHILE WE'RE GETTING THAT, UH, THANK YOU FOR ALLOWING US.

UM, I'M MAYOR DAN REESE FROM THE CITY OF WINDCREST.

UH, THANK YOU FOR FOR ALLOWING US TO, TO BRING THIS PROJECT TO, UH, UH, TO THE COMMISSIONER'S COURT.

UH, WE, WE WANT TO THANK YOUR STAFF.

I, I SERVED THE SIX YEARS AT THE PENTAGON, AND ONE OF THE THINGS I LEARNED THERE WAS, UH, ABOUT 80% OF WHAT THEY DID WAS GET THE GET LEADERS READY FOR MAKING DECISIONS.

AND YOUR, YOUR STAFF, THE ECONOMIC DEVELOPMENT STAFF AND YOUR STAFF HAVE BEEN, UH, A GREAT HELP TO US TO BRING YOU, BRING YOU THERE.

SO THANK YOU TO THE STAFF.

THANK YOU FOR THE JUDGE FOR CHAMPIONING THIS.

AND THANK YOU FOR COMMISSIONER CALVERT FOR, FOR YOUR, FOR YOUR INSIGHT AND YOUR CONTINUOUS SUPPORT FOR THE, UH, FOR THE CITY OF WINDCREST.

I GOT A COUPLE OF, UH, SLIDES.

LET'S SEE.

SHOULD BE RIGHT.

THERE WE GO.

UH, FIRST SLIDE.

YOU KNOW, ONE OF THE THINGS THAT, UH, THAT, THAT HAPPENED IN THE CITY OF WINDCREST WAS, UH, WE, WE, UH, WE HAD THIS MALL CALLED WINDSOR PARK MALL.

I'VE BEEN AMAZED AT HOW MANY PEOPLE REMEMBER WINDSOR PARK MALL, UH, IN, IN FACT, MANY PEOPLE STILL REMEMBER WHERE THERE WAS A DILLARD'S THAT WAS 20 YEARS AGO.

UM, ONE OF THE THINGS THAT, UH, THAT, THAT HAPPENED WAS A MONUMENT, UH, OCCASION THAT CALLED THAT, THAT, UH, REPURPOSED THAT MALL INTO WHAT, WHAT WAS CALLED RACKSPACE.

THAT, UH, THAT WAS, UH, THAT WAS A STATE THAT WAS A STATEWIDE AND, AND TO SOME DEGREE, A NATIONWIDE EVENT THAT, UH, THAT, THAT, THAT CREATED THAT IT'S, AND SO THAT WAS, UH, AS YOU MIGHT EXPECT, UH, THE, UH, THAT MOVEMENT OF RACKSPACE TO, UH, TO SOMETHING ELSE, UH, STANDS TO REASON AS ANOTHER MONUMENTOUS EVENT FOR THE, UH, UH, FOR, FOR THE CITY OF WINDCREST.

AND SO, UH, IN, IN, IN, UH, UH, IN, IN RELATION, YOU MIGHT, UH, YOU MIGHT EXPECT THAT THAT MIGHT NOT BE A BIG DEAL, BUT IT WAS TO US, OUR, OUR, THE CITY OF WIN CREST'S TOTAL BUDGET IS ROUGHLY ABOUT $10 MILLION.

THE, THE REVENUE FROM SALES TAX FROM THAT, UH, UH, FROM RACKSPACE WAS, UH, ROUGHLY ABOUT A MILLION DOLLARS.

AND SO THAT WAS, THAT THE, THE, THE MOVEMENT OF RACKSPACE OUT OF THE CITY OF WINDCREST INTO THE CITY OF SAN ANTONIO, UH, HAS CREATED QUITE A, QUITE A, AN ISSUE FOR US.

AND SO, UH, ONE OF THE THINGS THAT, UH, UH, IT'S ALWAYS INTERESTING IS TO, UH, WHEN WE, WHEN WE TALK TO CONSTITUENTS ABOUT, ABOUT THAT PROPERTY, IS WHY DON'T YOU DO THIS? ONE OF THE THINGS THAT, UH, THAT, UH, PEOPLE DON'T UNDERSTAND OR OUR CONSTITUENTS DIDN'T UNDERSTAND, WAS WE DID NOT OWN THAT PROPERTY TO, TO SELL IT.

RACKSPACE, UH, COULD SELL THAT PROPERTY TO WHOMEVER THEY WANTED TO.

WE HAD A, A VERY GOOD RELATIONSHIP WITH, WITH, UH, WITH RACKSPACE.

AND TO THEIR CREDIT, THEY ACTUALLY CAME TO THE CITY OF WINDCREST TO LOOK AT.

WE HAD A VERY GOOD PARTNERSHIP WITH THEM, AND THEY, THEY CAME TO US WITH POTENTIAL BUYERS TO LOOK FOR A ANOTHER PARTNER FOR THE CITY OF WINDCREST.

AND, AND THEY ENCOURAGED THE, THE, THOSE PARTNERS TO COME HAVE A CONVERSATION WITH US AS THEY WENT THROUGH THE, THE DECISION PROCESS.

WE BELIEVE THAT WHAT WE HAVE NOW IN, IN, IN, UH, THIS I, THIS ICP PROJECT IS A COMPANY THAT WILL, WILL INDEED BE A, A GREAT PARTNER FOR US.

THEY, THIS IS WHAT THEY DO.

THEY, THEY TAKE PROPERTIES LIKE WHAT YOU SEE AT, AT THE RACKSPACE, AND THEY, AND THEY DEVELOP IT.

SO WE, WE BELIEVE THAT, UH, THAT THIS IS GONNA BE A GREAT PROJECT FOR NOT ONLY WINDCREST, BUT OBVIOUSLY FOR BEXAR COUNTY.

AND, AND TO, AND TO THAT DEGREE ALSO, SAN ANTONIO.

THEY ARE A AS, AS, AS YOU'LL SEE, WHEN KEITH TALKS WITH A NATIONAL DEVELOPER, UH, THEY, UH, THEY, THEY WILL, I BELIEVE, BE A GREAT PARTNER FOR US.

UH, ONE OF THE THINGS, OBVIOUSLY, WE'RE, WE'RE TRYING TO, TO DEVOID IS WHAT WE HAD BEFORE A A, AN EMPTY SPACE.

THIS, THIS IS A GREAT LOCATION, AND WE BELIEVE THAT WHAT YOU'LL SEE WHEN, WHEN KEITH COMES TO TALK TO US, TALK, TALK TO YOU ABOUT THIS, IS THAT YOU'LL SEE A,

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SO OBVIOUSLY, WE, WE WANNA MAKE SURE THAT, UH, THAT, THAT, THAT DOESN'T HAPPEN.

WINDCREST IS FULLY COMMITTED TO THIS PROJECT.

WE HAVE, UH, WE ARE, WE ARE PUTTING $2 MILLION OF OUR OWN, UH, OUR OWN INTO THIS MASTER ECONOMIC, UH, DEVELOPMENT AGREEMENT.

UH, WE ARE PUTTING IT, UH, WE, WE ARE GETTING AN AGREEMENT THAT WE'LL, WE'LL, UH, UH, HAVE A SEVEN YEAR, UH, PROPERTY TAX INCENTIVE PASSED ON, ON ONTO THIS PROJECT.

AND, AND WE ARE, WE ARE COMMITTED TO THIS PROJECT.

AND SO WE BELIEVE THAT THAT ICP IS THE RIGHT, THE, THE, THE RIGHT PERSON FOR THE RIGHT, UH, THE RIGHT COMPANY FOR THE CITY OF WINDCREST, THE RIGHT, THE RIGHT COMPANY FOR BEAR COUNTY, AND, AND ALSO THE RIGHT COMPANY FOR THIS, UH, FOR THE PORTION OF, OF SAN ANTONIO, WHICH IS, AS YOU KNOW, DISTRICT, DISTRICT TWO.

AND SO WITH THAT, I, I WILL, I WILL PASS THE, UH, THE TORCH OFF TO, UH, TO KEITH.

WELL, ONE, ONE MORE THING, AND THIS IS KIND OF WHAT I SAID ALREADY.

THE PARTNERSHIP BETWEEN ICP WINDCREST AND BEXAR COUNTY WILL TRANSFORM THE RACKSPACE PROPERTY INTO A GROWTH GENERATOR.

ONE THING I WOULD WOULD TELL YOU THAT, UH, THEY'RE COMMITTED TO, UH, TO $40 MILLION OF, OF INVESTMENT INTO THE, INTO THIS, UH, PROJECT.

ONE THING I HAVE WILL ALSO MENTION IS THE JOBS THAT THEY WILL BRING TO THIS, UH, TO THIS PROPERTY ARE DIFFERENT JOBS.

I, UH, RACKSPACE BROUGHT, BROUGHT JOBS THAT WERE IN THE RACKSPACE, UH, UH, CRITERIA.

I BELIEVE THAT WHAT YOU'LL SEE WHEN THEY TRANSFORMED THIS, UH, THIS, THIS, THIS AREA INTO, UH, INTO ICP WILL, WILL BE JOBS THAT ARE MORE LIKELY TO BE, TO BE A DIVERSE KIND OF JOBS THAT YOU'LL, THAT, THAT WILL BE A BETTER FIT FOR, FOR THE, UH, FOR THE AREA AROUND US.

AND SO WITH THAT, I'LL TURN THIS OVER TO, UH, TO, TO KEITH FROM ICP TO KIND OF TALK ABOUT WHAT THEY DO AND, AND WHAT THEY SEE IN THIS PROJECT.

THANK YOU.

THANK YOU, MAYOR.

GOOD MORNING.

GOOD MORNING.

THIS HAS BEEN A, UH, A JOURNEY FOR US.

WE STARTED THIS PROCESS, UH, BACK IN FEBRUARY, THIS PAST YEAR.

UM, BY WAY OF INTRODUCTION, I'M KEITH BRAND WITH ICP EXECUTIVE VICE PRESIDENT.

UH, I'M RESPONSIBLE FOR ALL THE SOURCING OF ALL OF OUR ACQUISITIONS ACROSS THE COUNTRY.

AND I'D BE REMISS IF I DIDN'T START BY THANKING MANY OF THE PEOPLE BEHIND ME.

UH, THIS HAS BEEN A TRUE COLLABORATIVE EFFORT TO GET TO THIS POINT THIS MORNING, UH, FROM THE WORK OF THE EDC, THE CITY OF WINDCREST AND THE, AND COMPLETE BEXAR COUNTY, THIS HAS BEEN A TRUE TEAM EFFORT TO GET TO THIS POINT.

UM, A LITTLE BIT ABOUT ICP.

UM, ICP WE'RE BASED IN CLEVELAND, OHIO, BASED IN CLEVELAND, OHIO.

WE ARE A, UH, WE'VE BEEN, WE WERE FOUNDED IN 1996, SO WE HAVE 27 YEARS OF EXPERIENCE IN THIS REALM.

WE, UM, WE ARE A VALUE ADD DEVELOPER THAT LOOKS FOR OPPORTUNITIES WHERE WE SEE VALUE THAT WE COULD CREATE THROUGH OUR INFRASTRUCTURE AND THROUGH OUR TEAM.

WE HAVE, RIGHT NOW, 150 PROPERTIES ACROSS THE US, WHICH IS JUST SHY OF AROUND 50 MILLION SQUARE FEET.

UH, WE HAVE OVER 300 TENANT RELATIONSHIPS ACROSS OUR PORTFOLIO AS EXISTS TODAY.

WHEN YOU LOOK AT THE NAME ICP, IT'S KIND OF A MISNOMER BECAUSE IT STANDS FOR INDUSTRIAL COMMERCIAL PROPERTIES, BUT WE'RE INVOLVED IN VARIOUS LINES OF BUSINESS ACROSS OUR PORTFOLIO.

OUR PORTFOLIO CONSISTS OF RETAIL, OF OFFICE, OF MULTIFAMILY, INDUSTRIAL IS WHAT STARTED OUR COMPANY IN 1996.

BUT WE HAD VENTURED OFF MULTIPLE LINES OF BUSINESS ACROSS OUR PORTFOLIO.

WE, WE UTILIZED REAL ESTATE, REALLY AS A TOOL TO REALLY SOLVE BLIGHT AND ADD ECONOMIC REVITALIZATION ACROSS THE COUNTRY.

WE, WE SPECIALIZE IN ADAPTIVE REUSE, AND IN MANY INSTANCES, WE'RE COMING INTO AREAS WHERE THERE'S BLIGHT.

AND BECAUSE THERE'S BLIGHT, TYPICALLY THE PARTNERSHIPS THAT WE ARE LOOKING FOR ARE VERY STRONG IN THE PUBLIC PRIVATE SECTOR.

SO NORMALLY, WHEN WE ARE LOOKING AT AN, AT A, AT AN ASSET IN A CERTAIN MARKET, ONE OF OUR FIRST PHONE CALLS IS TO THE MUNICIPALITY TO MAKE SURE THAT THERE IS A COMMON VISION TO SOLVE A REAL ESTATE ISSUE AND A FUNDAMENTAL ECONOMIC ISSUE.

AND THAT HAPPENED IN THIS CASE TODAY.

WHEN WE, UH, WHEN WE WERE LOOKING AT THE SITE IN FEBRUARY, OUR FIRST PHONE CALL AFTER WE HAD THE CONVERSATION WITH JLL WAS LISTING BROKER WAS DIRECTLY TO THE CITY OF WINDCREST.

WE WANTED TO FIND OUT WHERE THEIR HEAD WAS AT ON SOLVING THIS ISSUE.

AND WE FOUND OUT VERY EARLY ON THAT THAT VISION WAS SHARED.

AS I MENTIONED PREVIOUSLY, WE HAVE AROUND 300 TENANTS ACROSS OUR PORTFOLIO.

THOSE RANGE FROM FORTUNE 50 COMPANIES, WHERE YOU CAN SEE AMAZON, LOCKHEED MARTIN, GE, PPG, ACROSS OUR PORTFOLIO.

BUT WE ALSO HAVE STARTUPS.

SO WE GO AS DIVERSE AS A FORTUNE 50 COMPANY TO A DRY VERGE, WHICH IS ON THE SCREEN, WHICH IS A COMPANY BASED IN A, IN OHIO, THAT'S SPECIALIZING IN HANDICAP ACCESSIBLE VANS AND MODERNIZATION.

OUR VETTING PROCESS AS IT RELATES TO OUR CLIENTS REALLY GETS INVOLVED WITH THEIR STRATEGIC INITIATIVES, THEIR BALANCE SHEET, THEIR MARKET SHARE, AND THEIR GROWTH MODEL.

WE LIKE DIVERSIFICATION ACROSS OUR PORTFOLIO.

WE LIKE DIVERSIFICATION ACROSS

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I'M GONNA TALK ABOUT ONE EXAMPLE, UH, AS IT RELATES TO CORPORATE RESTRUCTURING AND CORPORATE SOLUTIONS AS IT RELATES TO REDEVELOPMENTS.

WE'VE DONE A FEW IN OUR BACKYARD.

ONE, ONE THAT WE'VE DONE IN AKRON, OHIO WAS THE FORMER CAMPUS OF GOODYEAR, THAT WE TOOK A 1.6 MILLION SQUARE FOOT COMPLEX, DID A COMPLETE RENOVATION.

THE ONE THAT'S ON THE SCREEN ACTUALLY SITS IN THE CITY OF BROOKLYN, OHIO.

UH, THIS WAS THE FORMER AMERICAN GREETINGS HEADQUARTER.

UH, THEY ANNOUNCED, UH, THAT THEY WERE GOING TO BE LEAVING FOR A LIFESTYLE CENTER AND MOVING THEIR HEADQUARTERS OUTTA BROOKLYN TO A SUBURB ON THE WEST SIDE.

THEY, UH, THEY EMPLOYED AROUND 2000 TOTAL EMPLOYEES AT THE TIME.

AND FOR THE HIT TO THE CITY OF BROOKLYN WAS ENORMOUS BECAUSE OF THE INCOME TAX THAT THEY WERE LOSING.

WE CAME IN, WE LOOKED AT THE OVERALL PHYSICAL PLANT OF THE SITE.

WE LOOKED AT THE MARKET, AND WE REALIZED THAT WE COULD ADD DIRECT BENEFIT AND HELP SOLVE AN ECONOMIC ISSUE THROUGH OUR EXPERTISE.

WE CAME IN AND WHAT WE DID IS WE CUT UP THE ENTIRE 1.2 MILLION SQUARE FEET INTO 13 DIFFERENT USERS.

THOSE 13 DIFFERENT USERS ARE ON THE SCREEN TODAY.

THOSE 13 USERS IN THE AGGREGATE CREATED A THOU, UH, 3000 JOBS, A THOUSAND JOBS, MORE THAN WAS THERE PREVIOUSLY WITH AMERICAN GREETINGS.

AND THERE'S A SAYING THAT WE SAY AT ICP, AND WE SEE IT TIME AFTER TIME IS ACTIVITY BREEZE ACTIVITY.

AND ONCE YOU SOLVE THE FUNDAMENTAL ISSUE OF THE REAL ESTATE, YOU TEND TO SEE MORE ACTIVITY IN YOUR SURROUNDING PERIPHERY.

AND WE SAW THIS HERE ONCE WE COMPLETED THE 13 TENANTS.

WE LANDED IN AMAZON ABOUT A YEAR AND A HALF LATER, AND WE'RE UNDER CONTRACT TO THE SOUTH ON ANOTHER 600,000 SQUARE FOOT SPEC DEVELOPMENT.

UH, A GOOD STORY THAT, AGAIN, IN OUR BACKYARD OF CLEVELAND, WE ARE VERY EXPERIENCED, ASIDE FROM THE CORPORATE HEADQUARTERS IN CONVERTING REGIONAL MALLS.

SO THERE'S A, IT'S A HUGE GROWTH PLAN FOR US.

THERE ARE APPROXIMATELY 1200 MALLS ACROSS THE US.

THE REALITY IS THERE'S VIABILITY IS AROUND 300 OF THOSE.

SO 900 ARE IN SOME SERIES OF DECAY, WHETHER IT'S A COMPLETELY VACANT MALL TO ONES THAT ARE 10 TO 20% OCCUPIED.

THE MALLS WORK GREAT FOR WHAT WE DO.

TYPICALLY, THERE ARE, THERE ARE SITUATED AND A REGIONAL SITE WHERE YOU DRAW FROM THE ENTIRE TRADE AREA.

THEY'RE TYPICALLY LOCATED OFF OF AN INTERSTATE.

SO THEY ADD IMMEDIATE DRAW.

THE SECOND PART FROM WHY MALLS WORK FOR US, THEY'RE, THEY OFFER HUGE PARKING FIELDS.

AND FOR WHAT WE DO, WE TRY TO UTILIZE A LOT OF THAT PARKING TO REALLY CREATE DENSIFICATION THE CITY, UH, IN THE CITY OF WINDCREST, THE RACKSPACE HEADQUARTERS CHECKS ALL THE BOXES FOR WHAT WE LOOK FOR, RIGHT OFF OF AN INTERSTATE, GREAT STRUCTURE, GREAT MARKET FUNDAMENTALS, UH, A MUNICIPALITY THAT RECOGNIZES AN ISSUE THAT HAS TO BE SOLVED.

SO WE WERE VERY BULLISH IN OUR DUE DILIGENCE THAT STARTED, UH, IN 2022.

I GO ONE, TWO MINUTES THAT, THAT'S NOT NEXT SLIDE, MIC.

NEXT SLIDE.

I THINK'S BACKSLIDE.

YEAH.

CAN YOU BACK, BACK UP RIGHT THERE.

LOOK AT THAT TECHNOLOGY.

THANK YOU.

IS THAT WHAT ONE VOICE COMMAND? I DIDN'T, NO.

THAT NO ONE SHOWED, SHOWED THAT WITH ME.

I THOUGHT IT WAS JUST CLICKING.

WHO KNEW? THAT'S FANTASTIC.

SO, UH, WANNA TALK A LITTLE BIT ABOUT THE PROJECT IN HAND? SO, AS WE TALK THROUGH FORMER WINDSOR FASHION MALL, FORMER RACKSPACE HEADQUARTER, UH, SITS WITH 1.2 MILLION SQUARE FEET ON TWO LEVELS.

UM, THE WAY THAT WE ENVISION THIS IS A SIMILAR VISION TO HOW WE VIEWED, UH, THE AMERICAN GREETINGS HEADQUARTER.

WE REALLY TAKE MORE OF A MUTUAL FUND APPROACH AS OPPOSED TO A BLUE CHIP.

UM, THE WAY THAT WE ENVISION THIS WILL BE PROBABLY ANYWHERE BETWEEN EIGHT AND 10 USERS.

UM, COULD BE MORE, COULD BE LESS.

THE GOOD NEWS FOR US IS WE, WE'RE STARTING WITH A BLANK CANVAS.

SO, AS I MENTIONED EARLIER, ICP MULTIPLE DISCIPLINES, WE ARE NOT MYOPIC AND THE FACT THAT WE ARE ONLY LOOKING FOR BUSINESS PARK SLASH INDUSTRIAL.

UM, IRONICALLY, OUR FIRST LOI IS A RETAIL EXPERIENTIAL OPERATOR IN 55,000 SQUARE FEET, THAT'S GONNA BE RUNNING ON WALLS AND ROAD.

UM, THE SIZES WILL, WILL VARY BASED ON THE USERS IN IN HAND, BUT THE, UH, THE ORIENTATION OF THOSE USERS WILL, WILL END UP DICTATING THE USERS THAT COME IN.

UH, OVERALL ON THE PROJECT WHERE I MENTIONED, WE HAVE HUGE BENEFIT, AND WHERE WE SEE A HUGE BENEFIT ON THIS ASSET, AND A LOT OF ASSETS THAT WE DO ACROSS THE COUNTRY IS IN THE SURROUNDING PARKING FIELDS.

THESE MALLS WERE BUILT TYPICALLY WITH A FOUR TO RUN PARKING RATIO.

SO THEY'RE ALL, THEY'RE ANTICIPATING HAVING, WHEN THESE WERE BUILT, YOU KNOW, 125 STORES, THREE DEPARTMENT STORES, FOUR DEPARTMENT STORES, FOR WHAT WE DO, WE DON'T NEED AS MUCH PARKING.

AND WE UTIL AND WE LIKE TO UTILIZE A LOT OF THESE PARKING FIELDS FOR DENSIFICATION ON THE SITE.

ONE IS WE ARE ABLE TO GO AHEAD AND DRIVE

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SO THIS, WE VIEW AS AN OUT PARCELS, ANYWHERE FROM SIX TO EIGHT OUT PARCELS THAT WE WOULD BE ABLE TO CONVERT ON THIS SITE IN THE AREA SHADED IN YELLOW.

UM, RACKSPACE WAS JUST NOT A DEVELOPER, SO THEY NEVER REALLY UTILIZED ANY OF THIS SPACE THAT WE WILL COME IN AND WE WILL TRY TO UTILIZE IMMEDIATELY.

BUT IT, IT IS A, IT'LL BE A DRIVER IN SOLVING THE FUNDAMENTAL ISSUE IN THE INTERIOR WILL HELP DRIVE ALL THOSE OUT PARCELS ON THE EXTERIOR.

SO, A COUPLE SLIDES AS IT RELATES TO WHAT WE DO.

SO OBVIOUSLY WE'RE INHERITING A FORMER MALL, A FORMER CORPORATE HEADQUARTER.

WE COME IN, WE, WE TRY TO GREEN ALL THE SPACE UP.

SO WE TRY TO GET AWAY FROM THE SEA OF CONCRETE THAT YOU WOULD TYPICALLY SEE IN A LOT OF THESE MALLS.

WE CUT IN WITH A LOT OF LANDSCAPING.

AND THEN WE DO FACADE WORK.

THIS IS JUST OBVIOUSLY ON THE EXTERIOR.

WE'LL COME IN, WE'LL CUT DOCKS BASED ON THE USERS.

WE WILL BRING IN BRAND NEW PAINT.

WE WILL GO AHEAD AND ADD NEW, UH, FACADES ACROSS BRAND NEW ENTRANCES ACROSS THE ENTIRE COMPLEX.

TO GIVE YOU AN ORIENTATION TO THE LEFT IS THE FORMER DILLARDS, AND TO THE RIGHT WOULD BE THE FORMER JC PENNEY'S.

UM, THE ONE THING THAT TO KEEP IN MIND IS WHEN RACKSPACE TOOK OVER THE COMPLEX IN 2008, THEY BUILT OUT ROUGHLY 750,000 SQUARE FEET OF A 1.2 MILLION SQUARE FEET.

A LARGE BALANCE HAS NEVER BEEN TOUCHED SINCE THEY'VE BEEN IN THAT SPACE.

UM, WE ACT A LITTLE BIT DIFFERENTLY.

AS A DEVELOPER, WE LOOK TO CHANGE THE NARRATIVE IMMEDIATELY.

SO IN MANY AREAS, WE'RE COMING IN WHERE THERE IS BLIGHT, AND WE NEED TO SOLVE THAT BLIGHT AND REALLY CHANGE THE NARRATIVE IMMEDIATELY.

SO WE WILL START SPENDING MONEY ON DAY ONE.

YOU'LL START SEEING INFRASTRUCTURE CHANGES ON THE EXTERIOR, ON THE INTERIOR, IMMEDIATELY, WITHIN 30 DAYS AFTER OUR CLOSE.

AND WHAT WE FIND IS IT HELPS SPEED UP OUR STABILIZATION.

SO WE'RE NOT WAITING FOR A DEAL IN TOW.

WE START OUR WORK.

UH, THAT $40 MILLION WILL START, BE SPENT, START BEING SPENT ON DAY ONE.

AND AGAIN, IT, IT ALLOWS US TO GO AHEAD AND LEASE UP AT AN EARLIER RATE, SO IT'S NOT SITTING TO THE MARKET.

AND IRONICALLY, NEXT SLIDE.

I THINK WE'RE MISSING ONE.

UM, IS THERE ONE MORE SLIDE TO THIS? OKAY.

SO THE, ONE OF THE, THE STRONGEST SPOTS ON THIS WHOLE SITE IS THE FORMER MONTGOMERY AWARDS, IF YOU REMEMBER THAT.

SO RIGHT OFF OF 35, THAT HAS NOT BEEN TOUCHED SINCE 2006, THAT WILL BE ONE OF THE FIRST SPOTS THAT WE WILL TOUCH AND REDO, BECAUSE THAT'S GONNA SEND A MESSAGE TO THE ENTIRE MARKETPLACE.

'CAUSE THE VISIBILITY RATE ON 35.

SO IT'S APPROACH THAT WE, THAT HAS WORKED FOR US, UH, DOING THE UPFRONT SPEND.

AND, UH, WE REMAIN EXTREMELY EXCITED ABOUT THIS PROJECT.

UH, AS I MENTIONED, HUGE THANKS TO MANY OF THE PEOPLE IN THIS ROOM TO GET US TO THIS POINT.

AND WITH THAT, I WILL TURN IT OVER.

THANK YOU.

SO, JUDGE AND COMMISSIONERS, UM, AGAIN, WE'VE APPRECIATE EVERYONE'S TIME.

AND, UH, MY STAFF AS WELL HAS BEEN VERY BUSY.

JORDANNA, THE CANS MATTHEWS HAS BEEN INSTRUMENTAL.

SHE'S NOT HERE TODAY, SHE'S OUT OF TOWN.

BUT, UH, UH, BETWEEN SHE AND MARSHALL HOKE AND ALL OF YOUR STAFF, I KNOW THIS IS A VERY BUSY TIME.

THIS WAS HAPPENING THROUGH THE BUDGET.

SO WE'RE VERY APPRECIATIVE OF ALL THE SUPPORT THAT YOU AND YOUR STAFF, UH, HAVE GIVEN TO US TO MAKE THIS PROJECT HAPPEN.

UH, THE RECOMMENDED MOTION THEN IS TO, UH, APPROVAL AND EXECUTION OF A MASTER ECONOMIC INCENTIVES AGREEMENT BY, IN BETWEEN BEXAR COUNTY, THE CITY OF WINDCREST, THE CITY OF WINDCREST, ECONOMIC DEVELOPMENT CORPORATION, AND INDUSTRIAL COMMERCIAL PROPERTIES, LLC FOR THE ACQUISITION AND REDEVELOPMENT OF THE PROPERTY, FORMERLY KNOWN AS WINDSOR, THE WINDSOR PARK MALL.

AND I, I WAS REMISS IN NOT MENTIONING LARRY AND GERARD, UH, ALSO DOING REALLY FAST WORK FOR US.

LARRY.

WE APPRECIATE IT VERY MUCH.

SO THANK YOU FOR THAT.

YEAH, THANK YOU, DAVID.

I REALLY APPRECIATE THAT.

THANK YOU.

THAT'S OUR MOTION.

GO.

IS THERE A MOTION? I HAVE QUESTIONS.

MOTION, BUT COMMISSIONER CLAY FLORES.

NO, NO.

I SAID I HAVE QUESTIONS.

I HAVE, I DIDN'T MAKE THE MOTION.

SORRY.

GO AHEAD.

UM, WHAT'S THE TIMEFRAME FROM THIS AND WHAT'S THE FINANCIAL IMPACT FOR BEXAR COUNTY TIMEFRAME? TIMEFRAME? WE ARE, UH, WE ARE SCHEDULED TO CLOSE ON DECEMBER 15TH.

UH, WITH THAT, WE WOULD BE STARTING OUR WORK, UH, FIRST QUARTER JANUARY ON THE PROPERTY.

OKAY.

AND THEN, AND THEN THE SECOND QUESTION WAS THE, WHAT, WHAT DOES THE TIMEFRAME LOOK LIKE? YOU START THE WORK, AND THEN, SO WE WILL START A CONSTRUCTION IN JANUARY.

WE TYPICALLY LOOK AT THESE AROUND A THREE YEAR STABILIZATION.

SO WE WOULD START OUR WORK IN 2024.

THE MAJORITY OF 24 WOULD BE OUR CONSTRUCTION PHASE.

UM, WE, AGAIN, WE'RE DOING THE ENTIRE INTERIOR, WE'RE DOING THE EXTERIOR.

SO ALTHOUGH RACKSPACE WAS IN THERE, MOST OF THOSE ELEMENTS, FOR THE MOST PART, WOULD NOT BE UTILIZED BY, BY US.

UM, SO WE WOULD DO, UH, 2024, MORE OF OUR CONSTRUCTION.

25, 26 WOULD BE OUR LEASE UP, STABLE STABILIZATION, END OF 26.

SO OPEN FOR BUSINESS IN THREE YEARS.

WE'RE OPEN FOR BUSINESS IN 2025, BECAUSE WE WOULD OPEN UP AS USERS ALREADY.

SO FOR EXAMPLE, I MENTIONED, OKAY, SO GRADUALLY, YEAH, SO I, SO I MENTIONED, UH, WE HAVE AN LOI RIGHT NOW WITH AN EXPERIENTIAL USER, UM, THAT LOI RIGHT NOW STIPULATES THAT WE WOULD TURN OVER THE SPACE IN MARCH OF 2024.

THEY WOULD OPEN IN 24.

SO IF WE HAVE LOIS OR USERS THAT NEED TO GET IN EARLY,

[00:20:01]

SO IT WOULD BE A GRADUAL OPENING OF, AGAIN, EIGHT TO 12 TENANTS THAT WOULD START, COULD START IN 24, BUT STABILIZATION IN 26, WE WOULD PROBABLY SEE CLOSE TO A HUNDRED PERCENT OCCUPIED.

AND WHAT'S THE FINANCIAL IMPACT FOR BEXAR COUNTY? WHAT ARE WE GO, WHAT ARE THE HOPES THAT THEY'RE GONNA GET FROM US? SO COMMISSIONER, THIS, THIS PROJECT IS ALWAYS UNUSUAL.

WHEN THE RACKSPACE DEAL WAS STRUCK ORIGINALLY, IT'S PUT INTO A ECONOMIC DEVELOPMENT CORPORATION TYPE OF SCENARIO.

SO WE HAVE NOT BEEN COLLECTING TAXES THERE SINCE RACKSPACE TOOK IT OVER.

THAT DEAL WAS SCHEDULED TO GO INTO THEIR 14 OR 15 YEARS.

AND, AND BY THE WAY, NONE OF THE OTHER TAXING ENTITIES WERE COLLECTING.

UH, RACKSPACE HAD AGREED TO A HUNDRED THOUSAND DOLLARS PAYMENT TO NORTHEAST INDEPENDENT SCHOOL DISTRICT.

MM-HMM.

.

UH, BUT OTHER THAN THAT, ALL THE OTHER TAXES WERE PLOWED BACK INTO THE PROJECT TO MAKE THE RACK RACKSPACE DEAL HAPPEN.

WITH THIS DEAL, THAT TERM WILL BE SHORTENED TO SEVEN YEARS.

SO IN SEVEN YEARS, IT'LL BECOME FULLY TAXABLE FOR ALL THE ENTITIES.

AND SO THAT AT THAT TIME WHEN IT'S APPRAISED, UH, WE'LL KNOW THEN MORE CLEARLY OBVIOUSLY WHAT OUR TAXES WILL BE.

BUT WHAT MAKES IT A BIT OF A CHALLENGE TODAY IS THAT IT'S AN UNDERUTILIZED ASSET AND IT'LL BE VALUED IN THE FUTURE BASED ON WHAT GOES IN THERE.

SO REALLY FROM NOW TILL THE, THE END OF THE, UH, TERM, UH, WE'LL BE SEEING THE VALUE ADDED TO THE PROJECT BASED ON THE TYPES OF TENANTS THEY BRING IN.

THAT'S WHAT WILL ULTIMATELY DETERMINE THE TAXABLE VALUE.

IT'LL BE COMPLETELY DIFFERENT THAN THE RACKSPACE VALUATION, FOR EXAMPLE, WHICH IS WHY IT'S A LITTLE MORE DIFFICULT TO CALCULATE WHAT IT IS TODAY VERSUS WHAT IT'LL BE TOMORROW, BECAUSE WHAT IT IS TODAY WAS NOT TAXABLE AND PROBABLY NOT VALUED IN THE SAME WAY.

AND WHAT IT WILL BE IN THE FUTURE IS DEPENDENT ON THE TENANT MIX THAT COMES IN.

BUT THERE'S NOTHING FINANCIALLY WE ARE GIVING UPFRONT, OR WE'RE NOT, WE, WE ARE LOSING ANYTHING.

SO UNUSUAL IN THIS DEAL ALSO IS THAT THERE WAS A, I I CALL IT A, A LIQUIDATED DAMAGE AS PROVISION IN THE RACKSPACE DEAL.

MEANING IF THEY TERMINATED EARLY, WHICH THEY INTENDED TO DO, UM, THEY WERE GOING TO GIVE BACK TO THE EDC AND CERTAIN PARTNERS NAMED IN THE CONTRACT, $9 MILLION AS A LIQUIDATED DAMAGE FOR NOT CARRYING THROUGH THE CONTRACT, AS THEY ORIGINALLY SAID, UH, THE COUNTY'S SHARE THAT WAS $2.8 MILLION.

AND THAT'S THE MONEY WE'RE PLOWING BACK INTO THIS DEAL AS INCENTIVES TO BRING ICP TO THE TABLE.

SO , SO WE'RE JUST NOT COLLECTING IT? WE'RE NOT COLLECTING IT, YES, MA'AM.

THAT'S CORRECT.

OKAY.

I MEAN, THIS IS A REALLY GOOD PRESENTATION, BUT THE FINANCIAL PART REALLY NEEDS TO BE INCLUDED IN THAT.

UNLESS I MISS SOMETHING.

NO, MA'AM.

BUT I THINK IT'S IN SOME OF THE BACKUP, BUT, UH, WE CAN GET YOU MORE DETAILS IF YOU LIKE, BUT RIGHT.

BUT THIS IS THE PRESENTATION THAT OUR CONSTITUENCY, THEY DON'T SEE THE BACKUP.

SO IT'S REALLY IMPORTANT TO BE INCLUDED IN A PART OF THE VERY GOOD.

OKAY.

THANK YOU.

THANK YOU.

COMMISSIONER RODRIGUEZ, DO YOU HAVE ANY QUESTION OR COMMENT? UH, JUDGE, NO, UH, NO, NO.

UH, QUESTIONS, UH, SPECIFICALLY, BUT WANTED TO THANK EVERYBODY INVOLVED IN THIS.

I KNOW, UH, DAVID AND YOUR TEAM AS WELL AS, UM, UH, OUR LAWYERS LARRY, UH, HAVE BEEN WORKING PRETTY HARD ON THIS.

YOU KNOW, I THINK, UM, YOU KNOW, COMMISSIONER CALVERT, I KNOW THIS IS YOUR PRECINCT, AND, AND THANKS FOR YOUR LEADERSHIP ON THIS.

UM, VERY RARELY DO YOU HAVE A, UM, HIGH PROFILE INTERSECTION, UH, FRONTAGE TYPE PROPERTY AT FOUR 10, AND 35, WHERE YOU CAN DO SOME REALLY, UH, TRANSFORMATIONAL TYPE PROJECTS.

SO, UH, LOOKING FORWARD TO THAT AND, UH, DEFINITELY SUPPORTIVE.

THANK YOU, JUDGE.

COMMISSIONER MOODY.

THANK YOU, JUDGE.

UM, JUST, UH, A FEW COMMENTS AND, AND, UH, FOLLOW UP ON WHAT COMMISSIONER CLAY FLORES SAYS.

I, I DO THINK, YOU KNOW, THERE'S A LOT HERE TO TALK ABOUT IN TERMS OF THE SOFT VALUE AND BENEFITS TO THE COMMUNITY.

UM, WOULD LIKE TO, UH, TO, TO BE ABLE TO TALK MORE ABOUT THE, THE HARD VALUES.

I'VE DONE SOME OF THOSE CALCULATIONS MYSELF, UM, BASED ON SOME ASSUMPTIONS AND, AND LISTEN CLEARLY IN THESE SORTS OF THINGS.

THERE'S A LOT OF UNCERTAINTY.

UM, YOU KNOW, WHAT ARE THE SALES TAX REVENUES? WHAT'S THE REAL PROPERTY VALUE GONNA LOOK LIKE, YOU KNOW, IN SEVEN YEARS, UH, OTHER ECONOMIC ACTIVITY YOU'RE GONNA GENERATE.

UM, OBVIOUSLY THE ASSUMPTION THAT THE PROJECT'S GONNA BE COMPLETE ON TIMELINE AS, AS IT'S BEEN, BEEN BRIEFED, BUT, YOU KNOW, TAKING CONSERVATIVE, UM, EXPECTATIONS AND ASSUMPTIONS INTO ACCOUNT AND, AND DOING THE CALCULATION ON NET PRESENT VALUE, I THINK IT'S GONNA BE A NET WIN FOR BEXAR COUNTY.

AND SO, FOR THAT REASON, I'M GONNA GO AHEAD AND SUPPORT THIS.

THANK YOU COMMISSIONER COVER.

THANK YOU SO MUCH, JUDGE.

THANKS TO ALL OF OUR STAFF, THE CITY OF WINDCREST AND ALL OF YOUR STAFF.

UH, ICP.

THANK YOU FOR RESPONDING.

UH, IT'S BEEN, YOU KNOW, OBVIOUSLY A MARKER IN OUR COMMUNITY FOR A LONG TIME.

UH, THE, UH, AS WE KEEP REFERRING TO IT, UH, THE WINDSOR PARK MALL PROPERTY, WHICH HAS REALLY BEEN RACKSPACE FOR A LONG TIME.

UH, BUT ONE OF THE THINGS I THINK WE CAN DO IN PARTNERSHIP TO HELP THIS HAVE THE HIGHEST AND BEST USE

[00:25:01]

UM, AND THE CITY OF WINDCREST AND OTHER PARTNERS IN THE REGION CAN PARTNER ON A DEVELOPMENT SUMMIT WHERE WE, WHERE WE MEET, MAYBE IN THE, THE FRONT ROOM THAT, UH, HAS BEEN USED AS A TOWN HALL AT, AT RACKSPACE.

UM, AND WE BRING THE WHOLE OF THE COUNTY'S INVESTMENT COMMUNITY INTO THE FACILITY.

WE WALK AND TALK AND IMAGINE AND TALK ABOUT THE REGIONAL ASSETS.

ONE OF THE THINGS I THINK, UM, THAT THIS COMMUNITY SHOULD UNDERSTAND IS THE LARGEST ECONOMIC DEVELOPMENT PROJECTS IN THE HISTORY OF BEXAR COUNTY OCCURS AT FORT SAM WITH THE CONSOLIDATION OF MIL MILITARY MEDICINE.

AND THERE'S OPPORTUNITIES FOR SOLDIERS TO LIVE, UH, IN THIS FACILITY.

POTENTIALLY.

THERE'S OPPORTUNITIES FOR US TO CHANGE TOGETHER THE, THE LANDSCAPE ARCHITECTURE OF THE FRONTAGE OF 35, WHICH, IN MY OPINION, AND I THINK A LOT OF FOLKS WHO LIVE IN THE REGION IS BECOME A BIT INDUSTRIAL AND THE PARK SPACING OF IT, UH, THERE'S AN OPPORTUNITY TO PARTNER WITH NORTHEAST INDEPENDENT, UH, SCHOOL DISTRICT, WHICH HAS A LONG HERITAGE AND HISTORY IN THE REGION, UH, BOTH ON, UH, PROGRAMS, SPACES.

UH, THEY HAVE ALL KINDS OF NEEDS THAT THE SCHOOL DISTRICT COULD PUT INTO A BOND, UM, AS WELL AS, UH, THE CITY AND THE COUNTY LOOKING AT, UH, BONDS, VENUES, AND ALL KINDS OF OTHER OPPORTUNITIES.

BUT I THINK REALLY GREENING UP THAT FRONTAGE, UH, AS YOU'VE SAID, YOU'RE GOING TO BEGIN TO DO, UH, IS GREAT.

AND I HOPE THE COUNTY, THROUGH ITS CAPITAL INFRASTRUCTURE PROGRAMS CAN LOOK TO HELP WITH THAT AS WELL IN THE FUTURE.

UM, I THINK THAT THERE'S ALSO, UH, AN OPPORTUNITY TO, TO AGAIN, ENGAGE THE MILITARY AS WE LOOK AT OTHER DEFENSE ASSETS THAT ARE COMING HERE AND JUST DOUBLE CHECK, UM, ARE THERE ADDITIONAL SPACE NEEDS THAT ARE, UH, PART OF THE FUTURE GROWTH THAT WE'RE ABOUT TO HAVE? UH, BECAUSE YOU'VE GOT SUCH A GREAT INSTITUTION THERE.

SO, UH, THIS IS A REAL BANNER DAY IN TERMS OF, UH, NOT HAVING, UH, SLIPPAGE IN TERMS OF THE PROPERTY.

UH, I DO THINK THAT WE SHOULD BE CALLING FOR ADDITIONAL INCENTIVE ZONES, AND I WANT TO TALK ABOUT THOSE NOW.

IT WOULD BE IN THE BEST INTEREST OF THE CITY AND THE COUNTY TO THINK ABOUT ITTS FROM AUSTIN HIGHWAY ALONG WALHAM ALL THE WAY OVER TO MONTGOMERY.

THE REAL ESTATE IS RIPE FOR REDEVELOPMENT.

IT'S RIPE FOR TURNING AROUND.

UM, WE'VE SEEN TSS TAX INCREMENT REFINANCE ZONES IN INVIGORATE THE INNER CITY.

UH, THEY'VE INVIGORATED PRETTY MUCH EVERY AREA, WHETHER IT'S AUSTIN HIGHWAY THAT'S BEEN REINVIGORATED, OR, UH, THE HEMISPHERE PARK THAT'S BEING REIN, REINVIGORATED, UH, THERE HAVE BEEN MANY, UH, OF THESE INFRASTRUCTURE ZONES THAT HAVE, UH, REALLY COME BACK TO LIFE.

AND I THINK THAT THE 35 CORRIDOR IS A GATEWAY IN WHICH MANY VISITORS SEE OUR CITY.

AND IT'S IMPORTANT THAT THIS GATEWAY BE MAINTAINED AS, UH, STRONGLY AND AS BEAUTIFULLY AS IT CAN BE.

AND THOSE, THOSE ASSETS WILL END UP, UH, COMING BACK MANY FOLD.

IN TERMS OF, OF THE COST BENEFIT ANALYSIS, THERE WAS A PARABOLA GRAPH PUT OUT OF THE REVENUE TO THE CITY OF SAN ANTONIO AND BEAR COUNTY IN THE INNER CITY TURS FROM 2014 TO 2020, UH, ONE AT THE TIME.

AND IT SHOOTS UP ALMOST LIKE A CARTOON, UH, BECAUSE WE PUT A LOT OF CONCERTED EFFORT INTO INVESTING THE TURS MONEY INTO THAT ZONE.

AND IT'S PAID OFF FOR OUR DOWNTOWN, AND IT'S LED TO TREMENDOUS INVESTMENT.

SO AS THE CORRIDOR ALONG ROOSEVELT HAS AT TIMES STRUGGLED, UH, FROM THE CAMELOT UNINCORPORATED COUNTY AREA OUT TO AUSTIN HIGHWAY.

UM, LET US BE QUITE SURE THAT IF WE COME TOGETHER AS A COUNTY IN WINDCREST AND THE CITY OF SAN ANTONIO, WE WORK TOGETHER ON INVESTMENT ZONES, WE CAN HAVE SIMILAR REVITALIZATION.

SO I WANT TO THANK, UH, YOU KNOW, MAYOR REESE, UH, AS COUNSEL.

I SEE MAYOR PRO TEM.

THANK YOU SO MUCH.

ZEKI HERE.

UM, ALL OF THE STAFF WHO'VE WORKED, UM, AND ALL OF THE, UH, ALL OF THE PEOPLE BEHIND THE SCENES AND, AND IT'S GREAT THAT WE'RE ABLE TO REINVEST SOME OF RACKSPACE'S CLAW BACK INTO, UH, CONTINUING A GOOD THING FOR THE COMMUNITY.

SO, UM, YOU KNOW, THERE'S EVEN, I THINK, AN OPPORTUNITY FOR US TO REACH OUT TO THE, TO THE NEW PARENT COMPANY OF RACKSPACE, WHICH IS THE APOLLO GROUP.

THEY HAVE A LOT OF ASSETS THAT THEY, UH, THAT THEY'VE TRADITIONALLY CONTROLLED FROM RESTAURANTS, TO RETAIL, TO, YOU KNOW, ALL KINDS OF STUFF.

SO TOGETHER WITH ICPS POWER AND THE POWER OF THE COUNTY, WE LOOK FORWARD TO HELPING, UH, MAKE THIS A REAL, UH, NATIONAL MODEL FOR ECONOMIC REDEVELOPMENT.

THANK YOU SO MUCH TO THE COURT FOR THEIR SUPPORT.

I, I'M SORRY, COMMENT.

I FORGOT TO MENTION.

UM, SO AS YOU GUYS ARE DE

[00:30:01]

IS THAT SOMETHING YOU GUYS ALREADY LOOKED INTO? UH, NOT AT THE STAGE COMMISSION, BUT WE'LL DEFINITELY CONNECT THEM TO RENEE SHOP AND TO MAKE SURE YEAH.

THAT WE'RE GIVING LOCAL AND SMALL BUSINESSES OPPORTUNITIES FIRST.

THANK YOU.

THANK YOU FOR THAT, COMMISSIONER.

AND I WILL, UH, MOVE APPROVAL AND EXECUTION OF A MASTER ECONOMIC INCENTIVES AGREEMENT BY AND BETWEEN BEAR COUNTY, THE CITY OF WINDCREST, THE CITY OF WINDCREST, ECONOMIC DEVELOPMENT CORPORATION, AND INDUSTRIAL COMMERCIAL PROPERTIES, LLC FOR THE ACQUISITION REDEVELOPMENT OF THE PROPERTY, FORMERLY KNOWN AS THE WINDSOR PARK MALL.

MOTION BY COMMISSIONER CALVERT.

SECOND.

SECOND BY COMMISSIONER MOODY.

ANY FURTHER DISCUSSION? LET ME MAKE MY FINAL, UH, FINAL STATEMENT WORDS TO EVERYONE IN THE ROOM, OBVIOUSLY.

MAYOR REESE, THANK YOU FOR COMING TO US AT THE FIRST OF THE YEAR WHEN I STARTED AS COUNTY JUDGE, UH, THE CITY OF WINDCREST APPROACHED THE COUNTY, AND WE HAD A GREAT CONVERSATION ABOUT THE POTENTIAL FUTURE, UH, FOR THE FORMER ZA PARK MALL, RACKSPACE HEADQUARTERS.

I THINK WE NEED TO ALSO EXPRESS APPRECIATION TO RACKSPACE, UH, FOR THEIR PARTICIPATION.

COOPERATION.

THEY HAVE BEEN A GOOD CORPORATE CITIZEN WHO HAS HELPED MAKE THIS PROJECT HAPPEN.

AND SO, UNFORTUNATELY, WHAT THE SUDDEN ANNOUNCEMENT OF RACKSPACE SUDDEN RELOCATION, THEY CREATED A, A DOUBT, OBVIOUSLY, AND FEAR IN THE COMMUNITY AND THE SURROUNDING AREAS.

UH, BUT TODAY I THINK WE HAVE A RAY OF SUNSHINE AND, UH, AND A HOPE AND OPTIMISM FOR THAT SPACE.

I WANT TO POINT OUT, AND KEITH, THANK YOU, THAT MANY POTENTIAL BUYERS OF THIS PROPERTY WANTED TO DEMOLISH THE FOOTPRINT AND BASICALLY START ALL OVER.

BUT ICP SAW THE, THE, UH, DEPTH AND THE OPPORTUNITIES THAT THIS PROPERTY HAD.

AND SO YOU HAVE A PROVEN TRACK RECORD THROUGHOUT THE UNITED STATES.

AND SO I WANT TO, UH, SAY THANK YOU TO ICP AND WHAT YOU DO, NOT ONLY FOR HERE IN THIS COMMUNITY, BUT WHAT YOU DO THROUGHOUT THE COUNTRY.

I WANT TO HIGHLIGHT THE WORK THAT THE COUNTY DID, UH, DAVID AND YOUR DEPARTMENT, JORDANA, ESPECIALLY MARSHALL AND DEBBIE, Y'ALL WERE ABLE TO HELP, UH, USE THE COUNTY'S LIQUIDITY DAMAGES IN ORDER TO HELP MAKE THIS, UH, PROGRAM AND PROJECT COME TO FRUITION.

SO INSTEAD OF DEMO DEMOLISH, UH, DEMOLITION AND SIGNIFICANT DELAY, WE HAVE A PROPOSAL THAT WILL MINIMIZE THE IMPACT OF THIS PER, UH, IMPACT THE RACKSPACE RELOCATION AND STREAMLINE THE REVITALIZATION OF THE PROPERTY THAT COMMISSIONER CALVERT HAS POINTED OUT.

THIS WILL NOT ONLY BENEFIT JUST WINDCREST, BUT ALL OF THE COUNTY BY SPURRING JOB CREATION, BUSINESS DEVELOPMENT, AND SALES TAX REVENUES.

THIS IS AN EXAMPLE OF WHAT WE CAN ACHIEVE WHEN WE PARTNER WITH OUR SUBURBAN CITIES AND LEVERAGE OUR ASSETS.

SO I WANNA SAY THE COUNTY TEAM.

THE COUNTY MANAGER'S OFFICE, THE ECONOMIC DEVELOPMENT DEPARTMENT, DAVID MARCUS JORDANNA MATTHEWS MAYOR REESE, THE WIN CREST CITY COUNCIL, MA HERNANDEZ WITH THE WIN CREST ECONOMIC DEVELOPMENT CORPORATION.

UH, WHO CHAIR IS, I BELIEVE JENNIFER NEWMAN.

I DON'T BELIEVE SHE'S HERE TODAY.

UH, AND SO I WANT TO CLOSE WITH THIS AND THEN ASK FOR A VOTE.

I WANT THIS AS AN EXAMPLE WHEN ALL OF US AS A COMMUNITY COME TOGETHER, AND WHEN WE COMMUNICATE AND WE COLLABORATE AND WE COORDINATE, WE CAN MAKE GREAT THINGS HAPPEN.

WITH THAT, I'LL CALL FOR A VOTE.

ALL THOSE IN FAVOR OF THIS MOTION SIGNIFY BY SAYING AYE.

AYE.

ANY OPPOSED? AYE.

ANY ABSTENTIONS? MOTION CARRIES.

ONWARD AND CARRY ON.

THANK Y'ALL VERY MUCH.

ALL RIGHT.

AS I INDICATED EARLIER, WE'RE GONNA TAKE UP AGENDA ITEM NUMBER TWO,

[2. Discussion and appropriate action considering approval of an order adopting the Bexar County Commissioners Court Canvassing Authority Report for the purpose of certifying the results of the Joint Constitutional Amendments, General, Special, Charter and Bond Election held on Tuesday, November 7, 2023, in Bexar County, Texas. Commissioners Court will certify the 14 Amendment results for Bexar County.]

MS. CALLEN, GOOD MORNING.

GOOD MORNING, JUDGE AND COMMISSIONERS.

UM, THIS IS OUR STANDARD CANVAS REPORT.

UM, AS YOU KNOW, AND YOU'VE JUST SAID, WE ARE CANVASSING ONLY THE 14 AMENDMENTS, AND WE WORKED WITH THE STAFF.

WE HAD YOUR STAFF CANVAS THIS MORNING WHERE THEY WENT OVER THE NUMBERS OF PEOPLE WHO VOTED ARE BY MAIL.

WE HAVE ALL OF THIS FOR YOU RIGHT NOW.

THE ONE THING I'D LIKE TO BRING TO YOUR ATTENTION ON THIS IS WE HAVE

[00:35:01]

I KNOW YOU ALL KNOW THAT NUMBER 12 HAD TO DO WITH ABOLISHING THE TREASURER FOR GALVESTON COUNTY.

OVER 13,000 OF OUR VOTERS CHOSE NOT TO VOTE ON THAT.

THEY WERE LIKE, WHY ARE WE VOTING ON GAL GALVESTON? AND SO YOU'LL SEE ON THESE REPORTS, THERE'S A VERY LARGE NUMBER OF UNDER VOTES WHEN SOMEONE DOES NOT VOTE, EITHER FOR OR AGAINST, IT SHOWS UP AS AN UNDER VOTE.

WE DID HAVE AN 11%, AN 11.4% FOR THIS ELECTION, WHICH BEAT PROBABLY THE LAST 15 YEARS FOR CONSTITUTIONAL AMENDMENT IN BEXAR COUNTY.

WE'D ALWAYS BEEN IN SINGLE DIGITS.

AND SO WE ARE PRETTY SURE THAT THE PROPERTY TAX AMENDMENT BROUGHT OUT THE VOTERS.

SO WE WOULD LIKE TO HAVE YOU VOTE TO ACCEPT THIS.

THEN OUR NEXT DUTY IS WE MUST SEND THIS TODAY UP TO THE SECRETARY OF STATE'S OFFICE, WHERE THE GOVERNOR WOLF CANVAS WILL BECOME PART OF THE STATE CANVAS.

ANY QUESTIONS OR COMMENTS? COMMISSIONER? CLEAR FLORES, I JUST WANTED TO COMMENT.

I THOUGHT IT WAS INTERESTING WHEN I LOOKED AT, UM, THE RESULTS ONLINE THAT ALL THE PERCENTAGES FOR PRETTY MUCH EVERYTHING GOT APPROVED EXCEPT FOR ONE, RIGHT? AND SO ALL THE PERCENTAGES WERE DIFFERENT.

SO WE ALWAYS TALK ABOUT HOW, UM, OF COURSE WE HAVE LOW TURNOUT, BUT THIS ONE'S EVEN LOWER.

'CAUSE IT'S JUST THE, THE STATE CONSTITUTION.

UM, AND I THOUGHT IT WAS INTERESTING.

I WAS ACTUALLY PROUD, PROUD OF OUR VOTERS BECAUSE THE FACT THAT ALL OF THE, UM, PERCENTAGES WERE DIFFERENT MEANS THAT PEOPLE WERE READING THEM AND MAKING DECISIONS WHAT TO VOTE FOR.

SO I LIKE THAT KIND OF STUFF.

SO ANYWAY, I JUST WANTED TO COMMENT.

SUPER.

THANKS FOR YOUR WORK, JACKIE.

YOU'RE ABSOLUTELY CORRECT, BOOTY.

UM, REALLY NOTHING TO, UH, TO COMMENT ON.

THANKS FOR YOUR HARD WORK AND FOR YOUR TEAM'S WORK, UH, IN ADMINISTERING THE, UH, ELECTION AND CANVASSING, AND, UM, WE'LL CONTINUE TO MOVE FORWARD.

THANK YOU.

THANK YOU.

COMMISSIONER CALVER.

OKAY, COMMISSIONER RODRIGUEZ.

UH, JUDGE, NO, UH, SPECIFIC QUESTIONS ABOUT THIS.

JACKIE, THANKS FOR YOUR WORK.

UM, I DO HAVE A QUESTION RELATED TO ELECTIONS.

UM, AND THAT'S THE PRO, I GUESS, PROCESSING AS, AS THE VOTES COME IN.

UM, YOU KNOW, ALL OF US POLITICAL NERDS HIT THAT .

I CAN'T HEAR YOU.

JUSTIN.

YOU WERE GO ON MUTE.

THEY CUT YOU OFF.

I'M ON MUTED.

YEAH, BARRY, YOU'RE GOOD.

GO BACK ABOUT A MINUTE.

OKAY.

REWIND.

UM, I WAS, I WAS, UH, ASKING JACKIE ABOUT THE PROCESSING OF THE VOTES AS THEY COME IN.

I WAS MENTIONING THAT A LOT OF US POLITICAL NERDS HIT THAT REFRESH BUTTON A HUNDRED TIMES, UH, TO SEE THE RESULTS COME IN.

HAS THAT PROCESS, UH, IMPROVED THAT INTERFACE AT ALL IN TERMS OF GETTING THOSE NUMBERS UPDATED? ELECTION NIGHT? YE YES, SIR.

CONSIDERABLY, AS YOU KNOW, WE POST THE EARLY VOTING NUMBERS SHORTLY AFTER SEVEN O'CLOCK, THOSE NUMBERS GO UP.

THEN WHEN THE POLLS CLOSE AT SEVEN, UM, OUR OFFICIALS HAVE BETWEEN AN HOUR AND BASICALLY AN HOUR AND A HALF TO DO ALL OF THEIR PAPERWORK, WIND ON, COLLECT THE VOTES, DRIVE TO OUR REGIONAL SENDING SITES WHERE THEY'RE TRANSMITTED INTO US.

AND WE'LL START, AS YOU SAID, ABOUT EIGHT 15.

WE'LL START TO SEE THE FIRST RESULTS FROM ELECTION DAY.

AND THEN AFTER THAT, WE TRY AND DO THEM AFTER WE GET LIKE 10, 20% MORE IN.

AND SO THEY'LL COME IN AT DIFFERENT TIMES.

AND YOU'RE SO RIGHT.

EVERYBODY JUST KEEPS HITTING THE REFRESH BUTTON, THE REFRESH BUTTON, UNTIL THEY ALL COME IN.

UM, OBVIOUSLY SOME OF OUR VOTING SITES WERE A LOT FARTHER AWAY, SO THEY HAD MORE TO TRAVEL.

WE'VE HAD, YOU KNOW, SOME OF THEM ARE STUCK IN TRAFFIC.

SOME OF THEM GET A FLAT TIRE .

I MEAN, WE, YOU KNOW, IT, IT, IT'S, IT'S, IT'S QUITE, UH, PRODUCTION TO GET EVERYONE IN, BUT WE POST THEM YEAH.

IN INTERVALS FOR THAT REASON.

YEAH, I, I GET THAT.

I, I, I APPRECIATE IT, JACKIE.

AND, AND REALLY TO ALL OF YOUR, YOUR, UM, ELECTION TEAM AND THE VOLUNTEERS, I, I KNOW, UM, I USUALLY DO NOT WAIT TILL ELECTION DAY TO VOTE.

I'M USUALLY AN EARLY VOTER, BUT I, UM, I HAD HAD TO DO

[00:40:01]

AND YOU'RE ALWAYS, UH, DELIGHTFUL TO, TO, UH, UNDER A LOT OF STRESS RUN THESE ELECTIONS.

SO I WANTED TO THANK ALL YOUR TEAM, ELECTION WORKER TEAM, UH, FOR, FOR DOING A PRETTY GOOD JOB, UH, THIS CYCLE.

AGAIN, THANK YOU VERY MUCH.

THANK YOU, JUDGE.

THERE.

MOTION MOVE FOR APPROVAL.

MOTION BY COMMISSIONER CLAY FLORES, SECOND.

SECOND BY COMMISSIONER MOODY.

JACKIE, LEMME SAY THANK YOU TO YOU.

YOUR ELECTION JUDGES, YOUR STAFF, UH, FOR WORKING THIS, UH, AND MAKING SURE THE DEMOCRATIC PROCESS IN THIS ELECTION WAS CARRIED OUT AND YOU FULFILLED YOUR FIDUCIARY DUTIES.

UH, I WILL TELL YOU THAT, UH, I VOTE EARLY, BUT ON THIS, FOR SOME REASON, I GUESS THINGS, I'M, I'M A VERY BUSY PERSON NOWADAYS.

AND SO I HAD TO VOTE ON EDAY.

AND SO I WENT TO A POLLING SITE THAT HAD LONG LINES, AND I WAS A BIT SHOCKED ABOUT THE LONG LINES.

BUT I WILL TELL YOU, IT PROCESSED VERY QUICKLY.

AND I WAS VERY PROUD TO SEE HOW, EVEN THOUGH PEOPLE WERE A LITTLE BIT PUT, NOT PUT OFF, BUT THEY DIDN'T EXPECT THE LONG LINES ALONG WITH ME.

IT, IT WAS PAINLESS.

AND IT WAS AN OPPORTUNITY TO EXPRESS OUR, UH, PREFERENCE AND OUR DEMOCRATIC PROCESS AS, ESPECIALLY IN THESE IMPORTANT CONSTITUTIONAL AMENDMENTS.

AND I ALSO WANT TO THANK THE VOTERS.

I WANNA THANK EVERYONE WHO CAME OUT.

I KNOW THAT THE PERCENTAGE WAS LITTLE OVER 11%, UH, AS ALWAYS, EVERY ELECTION JACKET, I HOPE THAT THOSE PERCENTAGES WOULD CONTINUE TO RISE.

AND, UH, I WILL ASK THIS COURT TO CONTINUE TO STRATEGIZE THE, HOW WE GET EVERYBODY TO PARTICIPATE IN THIS IMPORTANT DEMOCRATIC PROCESS.

AND SO THEREFORE, THAT THE PUBLIC KNOWS THAT THEIR VOICES ARE BEING HEARD.

SO AT THIS TIME, I'LL CALL FOR A VOTE.

ALL THOSE IN FAVOR OF THE MOTION SIGNAL BY SAYING, AYE.

AYE.

ANY OPPOSED? AYE.

ANY ABSTENTION? MOTION CARRIES.

THANK YOU ALL.

ELECTION CERTIFIED.

YOU.

THANK YOU, JACKIE.

ALRIGHT, LET'S NOW TAKE UP, I

[4. Discussion and appropriate action regarding Bexar County's: a. Legislative Program for the 118th United States Congress, and b. Fiscal Year 2024/25 Community Funding Request.]

APPROPRIATE ACTION REGARDING BEX COUNTY'S A LEGISLATIVE PROGRAM FOR THE 118TH UNITED STATES CONGRESS AND B, FISCAL YEAR 20 24, 25 COMMUNITY FUNDING REQUEST.

MS. SHANNON.

SECOND, LET ME, UH, OPEN WITH SOME COMMENTS.

YES, SIR.

I'VE BEEN KIND OF WAITING TO MAKE THE LAST COMMENTS, BUT HERE, I, I WOULD LIKE TO STATE WHAT I THINK IS IMPORTANT, BECAUSE I THINK EARLIER THIS YEAR, MS. SHANNON, UH, WE HAD DISCUSSIONS AS TO THE PRIOR LEGISLATIVE PRIORITIES, ESPECIALLY WHEN IT CAME TO FUNDING REQUESTS OF THE FEDERAL GOVERNMENT, MORE COMMONLY KNOWN AS EARMARKS.