[I) Call Meeting to Order and Roll Call]
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THIS REGULARLY SCHEDULED TOURS TWO BOARD MEETING TO ORDER. CAN I GET A ROLL CALL PLEASE? MCKINNEY HERE. MORRIS. HERE. TOBIAS. GOSA HERE. MEDINA HERE. ZAPATA HERE. HARRIS HERE.
INGLESBY HERE. COHEN HERE. ALL RIGHT. WE DO HAVE A QUORUM. NEXT UP, I HAVE APPROVAL OF THE
[II) Approval of Minutes]
MINUTES. WHERE'S TOBIAS WHEN YOU NEED HIM? RIGHT. THIS HAS BEEN HIS ROLE FOR SO LONG. YOU TALK ABOUT MISSING A GUY. I'LL MAKE A MOTION TO APPROVE. SECOND, WE HAVE A MOTION TO APPROVE THE MINUTES. SECOND. ALL IN FAVOR? AYE. ANY OPPOSED? I MOTION PASSES. NEXT UP, WE HAVE CITIZEN COMMENTS. PERIOD. TURNS TO BOARD. WELCOMES COMMENTS FROM CITIZENS. THOSE WISHING TO SPEAK ARE ENCOURAGED TO SIGN IN BEFORE THE MEETING BEGINS. SPEAKERS MAY BE PROVIDED WITH AN OPPORTUNITY TO SPEAK DURING THIS TIME PERIOD ON ANY AGENDA, ITEM OR ANY OTHER MATTER CONCERNING TOURS TO NUMBER TWO BOARD BUSINESS AS THEY MUST OBSERVE THE THREE MINUTE AND THEY MUST OBSERVE THE THREE MINUTE TIME LIMIT. DO WE HAVE ANY CITIZENS COMMENTS?[2) Consider nomination and selection of officers.]
SEEING NONE, I WILL CLOSE CITIZENS COMMENTS. NEXT UP, CONSIDER IMPOSSIBLE ACTION.CONSIDER NOMINATION AND SELECTION OF OFFICERS. ITEM PRESENTER AMY ALCORN READ. GOOD EVENING, CHAIR AND BOARD MEMBERS. SO COUNCIL MEMBER MCKINNEY WAS APPOINTED AS THE CHAIR BY CITY COUNCIL UNDER THE TEXAS TAX CODE. CHAPTER 311. THE COUNCIL DOES APPOINT THE CHAIR. HOWEVER, THE BOARD IS AUTHORIZED TO APPROVE TO APPROVE A VICE CHAIR THAT WILL ACT IN THE CHAIR'S ABSENCE AND ANY OTHER OFFICERS THE BOARD DEEMS APPROPRIATE. IT HAS BEEN OUR PRACTICE TO APPOINT A VICE CHAIR, AND SO WE'RE ASKING IF THE BOARD WOULD LIKE TO DO THAT.
I THINK IT'S A GOOD IDEA, JUST IN CASE. MR. VERY OBVIOUSLY CAN BE TIMES WHERE I'M NOT ABLE TO ATTEND THE MEETING. SO HAVING SOMEBODY TO TO BE ABLE TO PICK UP MY SLACK WOULD BE A GREAT OPPORTUNITY. YEAH. I'D LIKE TO NOMINATE COMMISSIONER INGALSBE ONLY BECAUSE SHE'S DONE THIS A MILLION TIMES. YEAH, IT SEEMS LIKE A NATURAL FIT. I WOULD SECOND THAT. OKAY. ASSUMING THAT SHE IS AGREEABLE, I AM, UNLESS SOMEBODY ELSE WOULD LIKE TO HOLD THAT POSITION. I WOULD LIKE TO SECOND THAT MOTION. I'M SORRY. ALL RIGHT. ALL IN FAVOR? AYE. ALL RIGHT. I HAVE A
[3) Consider supporting the approval of a City Council resolution authorizing the City Manager to execute a Letter of No Objection in support of Foreign Trade Zone of Central Texas, Inc.’s sponsorship of ENF (Kyle) Technology LLC’s application to designate its facility located at 1550 Kohlers Crossing within the City of Kyle as a Foreign Trade Zone site, and authorizing the negotiation of a Payment in Lieu of Taxes (PILOT) agreement.]
CO-CHAIR. THANK YOU. NEXT UP, CONSIDER SUPPORTING THE APPROVAL OF THE CITY COUNCIL RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A LETTER OF. NO. NO OBJECTION IN SUPPORT OF FOREIGN TRADE ZONE CENTRAL TEXAS, INC. SPONSORSHIP OF NF KYLE TECHNOLOGIES LLC.APPLICATION TO DESIGNATE ITS FACILITY LOCATED AT 1550 KOHLERS CROSSING WITHIN THE CITY OF KYLE AS THE FOREIGN TRADE ZONE SITE AND AUTHORIZING THE NEGOTIATION OF A PAYMENT IN LIEU OF TAXES. PILOT AGREEMENT ITEM PRESENTER ROSA TRUELOVE. HELLO, GOOD AFTERNOON, ROSIE TRUELOVE, EXECUTIVE DIRECTOR OF STRATEGIC DEVELOPMENT. AND WE'RE HERE TO TALK ABOUT FOREIGN TRADE ZONES AND SPECIFICALLY A REQUEST FROM INF. SO THE ITEM BEFORE YOU TODAY WOULD BE TO SUPPORT THE AUTHORIZATION OF THE CITY MANAGER TO EXECUTE A LETTER OF NO OBJECTION SUPPORTING INF'S APPLICATION TO SUPPORT THE FOREIGN TRADE ZONE DESIGNATION FOR THE FACILITY AT 1550 KOHLERS CROSSING AND TO SUPPORT THE CITY MANAGER AND AUTHORIZE HIM TO NEGOTIATE A PILOT PAYMENT OR A PAYMENT IN LIEU OF TAXES AGREEMENT. OUR PURPOSE HERE IS TO SUPPORT ADVANCED MANUFACTURING GROWTH HERE WITHIN KYLE AND TO SUPPORT ONE OF OUR OUR, EXCUSE ME, ONE OF OUR PRIMARY EMPLOYERS HERE AND TO MITIGATE POTENTIAL TAX IMPACTS TO THE CITY TOURS TO THAT. IT'S ASSOCIATED WITH THAT WITH THAT FOREIGN TRADE ZONE.
SO IN DECEMBER OF 2025, COUNCIL ADOPTED A FOREIGN TRADE ZONE POLICY THAT ESTABLISHED CRITERIA FOR EVALUATING THESE REQUESTS, SOME REVIEW PROCEDURES AND SOME FISCAL CONSIDERATIONS FOR FOREIGN TRADE ZONE PARTICIPATION. SO WHAT YOU MAY BE ASKING IS A FOREIGN TRADE ZONE. A FOREIGN TRADE ZONE IS A FEDERALLY APPROVED SECURE SITE THAT IS TREATED LIKE IT'S OUTSIDE US CUSTOMS TERRITORY FOR TARIFF PURPOSES. COMPANIES CAN IMPORT GOODS INTO THE FOREIGN TRADE ZONE WITHOUT PAYING US DUTIES OR TARIFFS RIGHT AWAY, WHILE THE GOODS ARE INSIDE THE FOREIGN TRADE ZONE, THEY CAN BE STORED, ASSEMBLED, MANUFACTURED, TESTED, REPACKAGED, RELABELED AND THE FOREIGN TRADE ZONE DOES NOT CHANGE THE ZONING,
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OWNERSHIP OR CITY AUTHORITY. LOCAL RULES STILL APPLY. COMPANIES PARTICIPATING IN A FOREIGN TRADE ZONE WILL STILL PAY ALL APPLICABLE LOCAL PROPERTY TAXES, SALES TAXES AND OTHER STATE AND LOCAL TAXES, JUST LIKE ANY OTHER BUSINESS IN KYLE. BUT THE BENEFIT APPLIES ONLY TO FEDERAL CUSTOMS DUTIES AND CERTAIN INVENTORY RELATED TAXES ON GOODS. WHILE THEY ARE IN THE FOREIGN TRADE ZONE, IT DOES NOT EXEMPT A COMPANY FROM NORMAL CITY OR COUNTY TAXATION.OKAY, FOREIGN TRADE ZONES DELAY OR REDUCE FEDERAL DUTIES UNTIL THE GOODS ENTER THE US MARKET AND EXPORTS FROM THE FOREIGN TRADE ZONE AREN'T TAXED AT ALL. SO GOODS COME IN FROM OVERSEAS.
THEY ARRIVE AT THE US PORT. NO DUTIES ARE PAID YET. THEY ENTER THE FOREIGN TRADE ZONE SITE IN KYLE. AGAIN. STORAGE. ASSEMBLY. MANUFACTURING. STILL NO DUTIES WHILE WITHIN THE THE FOREIGN TRADE ZONE IF EXPORTED ABROAD, NO US DUTIES EVER. IF THEY LEAVE THE FOREIGN TRADE ZONE INTO A US MARKET. DUTIES AND TARIFFS ARE PAID ONLY HERE BASED ON THE FINISHED PRODUCT RATE. OKAY, SO A LITTLE BIT ABOUT NF KYLE AND WE ARE THANKFUL TO HAVE THEM HERE WITH US IN SUPPORT OF THEIR APPLICATION. NF IS AN ADVANCED MATERIALS MANUFACTURER. THEY SERVE THE SEMICONDUCTOR MANUFACTURING INDUSTRY. THEIR FACILITY IN KYLE WAS ESTABLISHED IN 2018. THEY HAVE 21 EMPLOYEES WITH AN AVERAGE SALARY OF 70,000. THEY ARE LOCATED NEAR THE REGION'S GROWING SEMICONDUCTOR SUPPLY CHAIN. A RECENT INVESTMENT THAT NF HAS MADE HERE IN KYLE IS A SIGNIFICANT CAPITAL INVESTMENT IN MACHINERY AND EQUIPMENT, AND THEY'RE ALSO CONSIDERING OPPORTUNITY FOR EXPANSION AT THE KYLE FACILITY. SO A FEW FINANCIAL CONSIDERATIONS AND THE FOREIGN TRADE ZONE PARTICIPATION WOULD RESULT IN ANNUAL TARIFF SAVINGS FOR E AND F. THERE IS A REASON WHY THEY ARE COMING AND SEEKING THIS.
THE TARIFF SAVINGS ARE HIGHLY DEPENDENT ON IMPORT VOLUMES, PRODUCT MIX, TARIFF RATES, TARIFF RATES AND OVERALL PRODUCTION LEVELS AT THE FACILITY. THE POTENTIAL IMPACT TO TOURS TOO IS REDUCED INVENTORY TAX REVENUE. OUR MITIGATION OF THAT IS THE RECOMMENDED PILOT PAYMENT, AND THE RECOMMENDED STRUCTURE OF THAT WOULD BE ANNUAL PAYMENTS EQUAL TO THE INVENTORY TAXES THAT WOULD OTHERWISE BE OWED TO THE CITY. TOURS TWO ENSURING NO NET LOSS TO THE CITY OR TOURS TWO. SO AGAIN, MAKING THE CITY OF KYLE WHOLE, RIGHT. THE GOAL IS TO OFFSET POTENTIAL TAX LOSS WHILE SUPPORTING THEIR GROWTH, SO THEY'LL STILL REALIZE THE SAVINGS OF THE TARIFFS. THAT WOULD BE THAT WOULD BE MITIGATED OR WAIVED THROUGH THE FOREIGN TRADE ZONE STATUS. BUT THEY WOULD MAKE A PAYMENT TO THE CITY THAT WOULD BE EQUIVALENT TO WHAT THEY WOULD HAVE PAID US IN THE INVENTORY TAXES. AND THAT'S THE STRUCTURE OF THE PILOT PAYMENT THAT WE WOULD BE, OR THE PILOT AGREEMENT THAT WE WOULD BE SEEKING TO NEGOTIATE. SO THAT NEGOTIATED PAYMENT, PILOT PAYMENT IS A NEGOTIATED PAYMENT MADE BY A COMPANY TO A LOCAL GOVERNMENT TO HELP OFFSET POTENTIAL REDUCTIONS IN TAX REVENUE THAT MAY RESULT FROM PARTICIPATION IN A SPECIAL PROGRAM OR INCENTIVE. OKAY. THE PROPOSED AGREEMENT WOULD ALLOW THE CITY TO SUPPORT THEIR FOREIGN TRADE ZONE PARTICIPATION WHILE PROTECTING OUR REVENUES. THIS APPROACH MAINTAINS OUR FISCAL RESPONSIBILITY WHILE ENABLING INF TO REDUCE TARIFF COSTS AND CONTINUE INVESTING IN GROWING ITS OPERATIONS HERE IN KYLE AND REALLY CREATES A STRONG WIN WIN FOR BOTH THE CITY TOURS TWO AND THE COMPANY. WE ARE COORDINATING WITH OUR OTHER TAXING JURISDICTIONS. SO COUNTY FRIENDS, YOU MIGHT SEE THIS AGAIN, THE CITY COUNCIL VOTE. IT'S A MIRROR ITEM TO THIS TO WHAT YOU'RE SEEING TONIGHT IS ON THE CONSENT AGENDA FOR THE MEETING STARTING AT 7:00. HAYS CONSOLIDATED SCHOOL DISTRICT AND HAYS COUNTY ARE BEING ENGAGED IN COORDINATION LED BY HAYS CALDWELL ECONOMIC DEVELOPMENT PARTNERSHIP. AND MY UNDERSTANDING FROM TALKING TO MIKE KAMMERLANDER TODAY IS THIS ITEM IS SCHEDULED FOR APRIL 18TH, 14TH. I WAS CLOSE AND THAT WE'RE STILL WORKING WITH HAYS CONSOLIDATED ON ON SCHEDULING THEIR THEIR PARTICIPATION. ADDITIONAL TAXING JURISDICTIONS WILL BE FORMALLY NOTIFIED BY THE FOREIGN TRADE ZONE OF CENTRAL TEXAS FOLLOWING SUPPORT FROM THE PRIMARY TAXING ENTITIES.
OKAY, SO THE OPTIONS HERE THAT YOU HAVE, OPTION NUMBER ONE IS TO SUPPORT THE APPROVAL OF THE RESOLUTION AUTHORIZING THE CITY MANAGER MANAGER TO EXECUTE THAT LETTER OF NO OBJECTION AND TO NEGOTIATE AND EXECUTE THE PILOT AGREEMENT WITH INF TECHNOLOGY. OPTION NUMBER TWO IS TO PROVIDE DIRECTION TO STAFF REGARDING THE PROPOSED REQUEST AND PILOT STRUCTURE, OR TO OPTION THREE TO DECLINE TO ISSUE THE LETTER OF NO OBJECTION. STAFF DOES RECOMMEND OPTION ONE. WE'RE HERE TO ANSWER ANY QUESTIONS YOU MAY HAVE. WE ALSO HAVE BEEN RAMIREZ WITH OPPORTUNITY AUSTIN, WHO IS ONE OF THE EXPERTS IN THE STATE ON FOREIGN TRADE ZONES, AND HE CAN ANSWER ANY
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QUESTIONS THAT THAT MAY GET ME OUT OVER MY SKIS. ANY QUESTIONS? DO YOU HAVE ANY QUESTIONS? AT WHAT POINT WILL THIS AGREEMENT BE COMING BACK TO TOURS FOR AN APPROVAL? THE WAY IT IS STRUCTURED RIGHT NOW IS IT ALLOWS THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE AGREEMENT, SO IT WOULD NOT BE COMING BACK TO THE THE BODIES FOR CONSIDERATION. SO IS THIS OKAY? BECAUSE I KNOW IT'S THAT WAY FOR THE COUNCIL, BUT I DON'T UNDERSTAND WHY IT WOULDN'T COME BACK TO US FOR US TO REVIEW BEFORE IT'S FINALIZED. WE'RE PROVIDING THE STRUCTURE FOR HOW THE THE PILOT PAYMENT WILL BE CALCULATED, AND THE AGREEMENT WILL MIRROR THE STRUCTURE THAT'S THAT'S BEEN OUTLINED HERE AND THAT'S CONTAINED IN THE RESOLUTION.AND SO THE WAY WE HAVE IT STRUCTURED IS, IS AN ADMINISTRATIVE APPROVAL OR ADMINISTRATIVE ACTION BY THE CITY MANAGER. OKAY. DO WE KNOW HOW MUCH IT'S GOING TO BE? I ANTICIPATE BASED ON WHAT WE KNOW FOR THE CURRENT YEAR AND LAST COUPLE OF YEARS, I THINK IT'S ABOUT 15,000 IN IN INVENTORY TAXES THAT ARE PAID. SO THAT'S WHAT WE WOULD ANTICIPATE IN THE NEIGHBORHOOD OF. HOWEVER, THE WAY WE'RE STRUCTURING THE AGREEMENT IS THAT WE WOULD LOOK AT THE YEAR END, WE WOULD CALCULATE BASED ON THE INVENTORY TAXES THAT WOULD HAVE BEEN PAID, AND THAT THE PAYMENT TO THE CITY WOULD BE THE AMOUNT OF THE INVENTORY TAXES THAT WOULD HAVE BEEN PAID TO THE CITY. OKAY. YEAH, IT MAKES SENSE. THERE'S NOT A DEFINITIVE AMOUNT THEN RIGHT NOW. CORRECT. IT VARIES BASED ON WHAT THEY WOULD HAVE PAID US.
OKAY. WELL, I'D LIKE TO SEE I DON'T KNOW IF ANYBODY ELSE WOULD LIKE TO SEE THAT AGREEMENT, BUT I WOULD LIKE TO SEE THAT AGREEMENT BEFORE IT'S FINALIZED. SO IF WE COULD GET THAT VERBIAGE PLACED IN THERE FOR IT TO BE COME BACK TO THE TOURS FOR FINAL APPROVAL, IS YOUR CONCERN THAT IT WOULD NOT FIT THE PARAMETERS THAT THIS BOARD WOULD WOULD GIVE IT? OH, NO. MY CONCERN IS IT'S A POLICY. AND SO WE SHOULD BE REVIEWING TOURS AND COUNCIL SHOULD BE REVIEWING ALL POLICIES BEFORE THEY'RE FINALIZED. MAYBE I'M WRONG. I MEAN, YOU DON'T HAVE TO AGREE. I'M JUST THINKING LIKE FROM A POLICY PERSPECTIVE, I FEEL LIKE ONCE WE'VE GIVEN DIRECTION AND GIVEN PARAMETERS TO WORK WITHIN THAT, THAT SO LONG AS EVERYTHING FOLLOWS THOSE PARAMETERS, WE SHOULD BE ABLE TO BE GOOD TO MOVE FORWARD, BUT TRUST BUT VERIFY, RIGHT? SO YES, AS LONG AS THEY ARE AND WE, WE CAN SEE THAT AND THEN IT SHOULDN'T BE A PROBLEM. I GET THAT, BUT THAT'S JUST ME. SORRY. SO ONE OTHER ALTERNATIVE PERHAPS IS IF ONCE THE AGREEMENT IS DRAFTED, WE COULD SEND A COPY OF THAT TO THE TOURIST BOARD. AND THEN IF YOU WANTED TO ASK FOR ADDITIONAL INFORMATION BE BROUGHT BACK, THE TOURIST BOARD COULD REQUEST THAT. PERHAPS THAT'S ANOTHER WAY TO DO IT. SOMEWHERE IN THE MIDDLE, WE'RE HAPPY TO PROVIDE FOLLOW WHATEVER DIRECTION THAT YOU HAVE ON IT. TO US, IT WAS FAIRLY SMALL AMOUNT MINISTERIAL ADMINISTRATIVE FUNCTION, BUT WE'RE HAPPY TO FOLLOW WHATEVER DIRECTION YOU WOULD LIKE. BUT WE DO HAVE, I THINK, TRYING TO GET I'M NOT SURE THAT THE TOURIST BOARD WOULD ACTUALLY BE A PARTY TO THE AGREEMENT. IT'S PROBABLY GOING TO BE THE COUNTY AND THE COUNCIL AND AND THE E AND F. WOULD THAT SATISFY YOUR CONCERNS? NO, I WOULD LIKE TO SEE ULTIMATELY, I'D LIKE TO SEE THE AGREEMENT. THIS IS AN INCENTIVE WITHIN AN INCENTIVE INCENTIVIZED AREA, A TOURIST WHO IS AN INCENTIVIZED AREA. AND SO IF THEY'RE GOING TO BE RECEIVING TWO INCENTIVES, I WOULD REALLY LIKE TO REVIEW THAT AGREEMENT BEFORE IT'S FINALIZED. WHAT SORT OF DELAY WOULD THAT PUT ON THE PROCESS? IT DEPENDS ON HOW. I MEAN, I KNOW THAT THAT NF IS LOOKING TO SEE THIS MOVE AS QUICKLY AS POSSIBLE, BUT SO IT WOULD JUST IT'S JUST THE ADDITION OF NEGOTIATING THE AGREEMENT AND THEN SCHEDULING AN ADDITIONAL TERSE MEETING FOR. SO IT WOULD ADD TIME, BUT I DON'T KNOW THAT IT'S NECESSARILY A DEAL BREAKER ON THAT FRONT. AGAIN, I PROBABLY DEFER TO LEGAL COUNSEL ON THIS, BUT IT'S NOT GOING TO BE AN AGREEMENT THAT THE TOURIST BOARD IS ACTUALLY, IT WOULD BE CORRECT CITY COUNCIL THAT IT WOULD GO TO, IF THAT'S WHERE YOU WOULD WANT IT. I DON'T THINK IT WOULD BE THIS BOARD. YEAH. SO IT WOULD BE COMING BACK TO A CITY COUNCIL MEETING BECAUSE IT IS AN AGREEMENT BETWEEN THE CITY OF KYLE. AND SO THE ITEM THAT IS SLIGHTLY DIFFERENT FOR THE TOUR'S MEETING IS THAT YOU'RE SUPPORTING COUNCIL'S ACTION LATER THIS EVENING. AND THEN THE COUNTY COMMISSIONER'S COURT WOULD ALSO TAKE ACTION AT SOME POINT IN THE FUTURE, IN ACCORDANCE WITH HOW THE COUNTY WOULD DEEM IT BE APPROPRIATE, RIGHT INTO ONE. PREVIOUSLY WITH THE CITY OF SAN MARCOS. YEAH.
SO SO IT'S AN AGREEMENT. SURE. SO IF I MIGHT RECOMMEND THAT YOU RECOMMEND APPROVAL OF THIS WITH THAT NOTE THAT YOU WOULD LIKE COUNCIL TO SEE THE AGREEMENT AGAIN, IF THAT'S THE THE RECOMMENDATION THAT YOU'RE TRYING TO MAKE, BUT IT'S STILL SUPPORTING COUNCIL'S ACTION LATER THIS EVENING, IF THAT MAKES SENSE. CHAIRMAN AND BOARD MEMBERS, JUST TO REMIND YOU,
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ALL, THE CITY COUNCIL DID ADOPT A FOREIGN TRADE ZONE POLICY. AND SO IT ESTABLISHES THE EVALUATION CRITERIA, REVIEW PROCEDURES AND FISCAL CONSIDERATIONS FOR THIS FTC. SO JUST THOUGHT I'D ADD THAT. YEAH. WOULD WE WOULD THERE BE ANY REASON AS TO WHY WE WOULD DEFER FROM WHAT WE ESTABLISHED ON DECEMBER 16TH? NO, I MEAN, THIS IS THIS IS IN LINE WITH THAT.WE WE REALIZED WHEN THE REQUEST INITIALLY CAME TO US THROUGH BEN RAMIREZ IN, IN, IN OPPORTUNITY AUSTIN THAT WE HAD NOT HAD A REQUEST OF THIS NATURE IN KYLE BEFORE. AND SO IT ACTUALLY LED US TO ESTABLISH THE FOREIGN TRADE ZONE POLICY SO THAT WE HAD A BASIS OR A FRAMEWORK TO REVIEW THE REQUEST FROM E AND F AGAINST THAT. RIGHT. IF THAT MAKES SENSE. AND THEN ANY FUTURE REQUESTS WOULD COME IN AND THEY WOULD ALSO BE REVIEWED AGAINST THE SAME POLICY. OKAY. ANYBODY ELSE? I SEE THIS AS AN OPPORTUNITY TO ONE, KIND OF STRENGTHEN THE CITY'S POSITION IN THE FIELD OF GLOBAL MARKETS AND SHOWING THAT WE ARE WELCOMING PARTNER FOR ECONOMIC DEVELOPMENT AT THE INTERNATIONAL LEVEL. AND IT'S ALSO TAKING CARE OF A REALLY GOOD LOCAL PARTNER. I MEAN, YOU GUYS HAVE BEEN GREAT FOR THE CITY SINCE 2018. HAS IT REALLY 2018. I FEEL LIKE YOU GUYS JUST OPENED YESTERDAY. LIKE IT JUST DOESN'T FEEL LIKE IT'S BEEN THAT LONG. BUT. I SEE THIS AS A GREAT OPPORTUNITY TO HELP OUT. A GOOD BUSINESS IN OUR COMMUNITY. JUST JUST A QUICK QUESTION. SO I KNOW THAT HAYS COUNTY AND SAN MARCOS ARE SERVED BY A FOREIGN TRADE ZONE. SO WOULD I GUESS THE CITY OF KYLE WOULD STILL HAVE TO TAKE ACTION EVEN IF HAYS COUNTY IS IN SERVED BY THE ZONE? I BELIEVE IT'S A SEPARATE AGREEMENT. YES. FOR EACH INDIVIDUAL ZONE THAT'S CREATED. YEAH. AND IT'S A SEPARATE. SO OUR OUR PILOT AGREEMENT WOULD WOULD BE SEPARATE AND DISTINCT FROM WHAT YOU GUYS MIGHT ENTER INTO. AND EACH TAXING ENTITY HAS THE OPPORTUNITY TO, TO SUPPORT WITH THE LETTER OF NO OBJECTION WHICH OR THE RESOLUTION OF NO OBJECTION WHICH HELPS ENFORCE APPLICATION.
OKAY, THANKS. AND BEN SAYS I ANSWERED THAT. RIGHT. SO THAT'S GOOD. OKAY, GOOD. DO WE HAVE ANY MOTIONS? MOTION TO ACCEPT OPTION ONE. SECOND. I HAVE A MOTION BY COMMISSIONER COHEN TO ACCEPT OPTION ONE, SECONDED BY DOCTOR HARRIS. ALL IN FAVOR, SAY AYE. AYE. ALL OPPOSED? NAY.
WAS THAT THREE NAYS? ALL RIGHT. MOTION PASSES 5 TO 3. ITEM FOUR HAS BEEN PULLED. SO MOTION TO ADJOURN THE TWO. MEETING. YES. SECOND
* This transcript was compiled from uncorrected Closed Captioning.