* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. THERE WE GO. [00:00:02] THAT'S [A. CALL TO ORDER] OKAY. CALL THE REGULAR MEETING OF DECEMBER 16TH, THE ORDER OF THE BOARD OF TRUSTEES OF THE G AND MAY ROLL CALL PLEASE. CHAIRMAN DICK PEARSON. PRESENT VICE CHAIRMAN JEFF PATTERSON. HERE. MR. MAYOR CRAIG BROWN. PRESIDENT TRUSTEE WILLIE GONZALEZ. HERE. TRUSTEE SHEILA LIP STONE HERE. TRUSTEE RICHARD MOORE. HERE. TRUSTEE ERIC STROBLE. HERE WE HAVE ROGER REESE AND ANTHONY BROWN. OKAY. ALL TRUSTEES ARE PRESENT. I'M DECLARE WE HAVE A FORM STAND FOR THE, THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE RELEVANT FOR WHICH IT STANDS ON MY NATION, HONORING GOD, INDIVISIBLE. LIBERTY, LIBERTY INTEREST. OKAY. UH, DO WE HAVE ANY, UH, DECLARATIONS OF CONFLICT OF INTEREST BY TRUSTEE? I SEE NONE. THEN WE'LL GO TO PRESENTATIONS AND ANNOUNCEMENTS [C.1. Approval of the Minutes] BY GENERAL BUSINESS ITEM C ONE. APPROVAL OF THE MINUTES. DO I HAVE A MOTION? SO MOVED. YEAH. SECOND MOTIONS. RICHARD. SECOND MINUTES HAVE BEEN DISTRIBUTED THERE. ANY CORRECTIONS, ADDITIONS, OR TIONS? THEY LOOK GOOD. OKAY. ALL IN FAVOR? RAISE YOUR RIGHT HAND. OKAY. MINUTES ARE ACCEPTED UNANIMOUSLY. PUBLIC COMMENTS CHAIR. JASON? I DO HAVE A CONFLICT. I'M SORRY. UH, AND FOR EXECUTIVE SESSION, UH, ITEM B SECTION UNDER 5 5 1 0 7. ONE ITEM B. YES, SIR. OKAY. ANGIE, DID YOU GET THAT COMMENT? YES, SIR. OKAY, GREAT. [C.2. Public Comments] THE FIRST PUBLIC COMMENT IS MR. TED O'ROURKE. MR. O'ROURKE, WOULD YOU MIND STEPPING UP? GOOD MORNING. HAPPY HOLIDAYS TO Y'ALL. I'LL TRY TO GET UNDER THE THREE MINUTES. I, I WASN'T GONNA SPEAK TODAY. I WAS LISTENING TO THE FINANCIAL REPORT. I'M NOT GONNA BE, UM, DOWN, DOWN TALKING, BUT IF YOU ARE, IF YOU, WHEN YOU DO HAVE A CHANCE TO GO BACK AND LOOK AT THE FINANCIAL SUMMARY YEAR TO DATE, YOU'LL NOTICE THAT ON THE, YOUR CASH FLOW FROM OPERATIONS IN THE, I'M SURE THERE'S REASONS WHY, BUT YOU'RE DOWN ABOUT $12 MILLION. LAST YEAR IT WAS 40000760 CENTS. THIS YEAR, YOU'RE DOWN TO 28,000,388. THE THING THAT DID CONCERN ME, OR I WASN'T GONNA SPEAK TODAY IS THAT, LET ME MAKE SURE I GET MY NOTES RIGHT HERE, IS THAT WHEN YOU, WHEN THE CHAIRMAN OF THE FINANCE COMMITTEE ASKED THE, UH, CHIEF FINANCIAL OFFICER OF CRUISE BUSINESSES SOFTENING, ALL YOU NEED TO DO IS GO TO THE CRUISE STATISTICS, AND I THINK ANYBODY CAN LOOK AT IT AND SEE IT. THE MSE IS UNDER BUDGET, 22.6% NCL ESCAPE IS UNDER BUDGET, 30.3%. IT'S SOFTENING FROM DOUBLE DIGIT GROWTH IN 2024, THE SINGLE DIGIT VOTE, AND 5.3, 5.3% SHOWN ON THE TOTALS IN THE CHART. AND THE CHART'S RIGHT THERE IN FRONT OF YOU TO SEE THAT YOU, THAT THE CRUISE LINES ARE DOWN AND, AND YOU KNOW, THE SITTING THERE LISTENING TO SOMEBODY SAY TO Y'ALL THAT THEY GOT PHONE CALLS AND THEY'RE OVERBOOKED. THEY'RE NOT OVERBOOKED. AND THAT'S SOMETHING THAT Y'ALL SHOULD LOOK AT AND MAKE SURE AND KEEP UP WITH THAT THE CRUISE LINES ARE, YOU KNOW, LIVING UP TO WHAT Y'ALL ARE YOUR EXPECTATIONS. SO, UM, I THINK IT'S SOMETHING THAT, THAT, YOU KNOW, I JUST DON'T UNDERSTAND HOW, YOU KNOW, A PERSON THAT'S IN THAT KIND OF POSITION WOULD NOT BE ABLE TO GO ALONG WITH WHAT EXACTLY IN THE DOCUMENTS THAT SHOWS. THERE IS A SOFTENING OF THE CRUISE BUSINESS. AND I THINK ALSO THAT WE NEED TO REALLY LOOK AT PAUL IN THE CRUISE BUSINESS FOR A WHILE AND LOOKING AT WHERE WE NEED TO BE OVER THE NEXT FEW YEARS AND LET THINGS CATCH UP. BUT WITH EVERYTHING AS VOLATILE AS THE BUSINESS IS IN THE WORLD, I THINK YOU REALLY NEED TO KEEP A CLOSE EYE ON IT AND ALSO FOCUS ON STAYING DIVERSIFIED. AND A LOT OF PEOPLE WERE ASKING ME ABOUT WHAT'S GONNA HAPPEN DOWN HERE ON THE EAST END. I'M SURE EVENTUALLY IT'LL END UP WITH FIVE TERMINALS TOTAL. BUT, UH, THE TRAFFIC HAS REALLY BECOME AN ISSUE. YOU ALL SAID THAT YOU'RE GONNA DO THE TRAFFIC. NOW THE TRAFFIC PLAN SHOWS THAT GOING RIGHT THROUGH THE NEIGHBORHOODS. IT'S CHANGED FROM BROADWAY AND HARBORSIDE DRIVE TO 16TH STREET AND THESE OTHER STREETS, THEY GO RIGHT THROUGH THE NEIGHBORHOODS IN THE EAST END HISTORIC DISTRICT. AND, UH, THAT'S ANOTHER REAL CONCERN THAT CITIZENS, AND WE WANT TO KEEP THIS A COMMUNITY. AND I THINK THAT'S ANOTHER THING THAT YOU SHOULD, AS A BOARD, REALLY TAKE A HARD LOOK AT. AND I STILL BELIEVE YOU SHOULD DRAW A LINE IN THE SAND ON 28TH STREET AND DO THE FOCUS ON CARGO THAT Y'ALL ARE DOING. CONTINUE THAT, THAT EFFORT, BECAUSE ONE OF THE COMMENTS THAT I HEARD CAME OUT OF THE EAST END HISTORIC DISTRICT THE OTHER DAY WAS, UH, I HAD A MEETING WITH SUNDAY WITH SOME INDIVIDUALS THAT WERE THERE, AND ELIZABETH BEATON ASKED, WHAT'S THE RETURN ON INVESTMENT FROM THE WEST END? AND, UH, MR. REESE COMMENTED, ZERO, NOT ZERO. [00:05:01] THAT'S WHAT WILL MAINTAIN YOU. AND IF MR. REESE IN THAT MEETING DON'T HAVE ZERO IS NOT ZERO, I PROMISE YOU THAT IMPORTANT JOB FOR OUR COMMUNITY. THANK YOU, MR. RO. NEXT UP IS NICHOLAS GUTIERREZ, UM, YOU TEAM, UH, HEY EVERYBODY. NICK CASEY SEAFOOD MARKET. UM, JUST HERE TO, UH, GIVE YOU A LITTLE INPUT ABOUT, UM, A PROPOSAL BY, UH, COUNCILMAN MR. BROWN FOR A DESIGNATED GREEN SPACE ON PIER 19 WITH A BOARDWALK THAT GOES THROUGH OUR WORKING AREA. UM, I'VE BEEN DOWN THERE FOR ABOUT 25 YEARS. MY FAMILY BUSINESS WILLIAMS AND GALISON PARTY VOTES AS WELL, 50 YEARS PLUS. UM, THIS IS SOMETHING THAT WE'D PROBABLY BE DEALING WITH ON A DAILY BASIS. UM, THE, UH, PARK THAT'S PROPOSED WILL TAKE AWAY FROM THE DESIGNATED PARKING FOR THE PARTY BOATS AS WELL AS INCOME FROM THE PORT. UM, THERE WERE SOME IDEAS OF US OF THE CUSTOMERS PARKING IN THE, THE NEW PARKING GARAGE THAT'S DESIGNATED FOR THE CRUISE SHIP, BUT THAT'S NOT GUARANTEED PARKING FOR THOSE CUSTOMERS. AND THEY'RE GONNA BE CARRYING FISH AND COOLERS BACK AND FORTH FROM THEIR, UH, FISHING TUBE. UM, AS FAR AS A BOARDWALK THAT'S GONNA BE, THAT'S PROPOSED TO GO BY THE RESTAURANT AND FISH MARKET IN FRONT OF THE BOATS, UM, IT COULD CREATE LIABILITY FOR THE PORT BECAUSE, UM, THE, THE HISTORIC MOSQUITO FLEET IS STILL ACTIVE AND ALIVE. IT'S NOT LIKE THE MOSQUITO FLEET'S DEAD. IT'S A HISTORIC PLACE, BUT IT'S, IT'S WORKING. UH, AND A LOT OF PEOPLE WALKING AROUND BACK THERE WOULDN'T BE GOOD. BUT FORKLIFTS AND FISH SLIDE AND, AND, UH, SEMI-TRUCKS GOING IN AND OUTTA THERE. UM, THERE ALREADY IS A SIDEWALK ON THE NEW ROAD THAT'S BUILT FOR PEDESTRIANS TO GO DOWN AND CONNECT TO THE ALYSSA, UM, AND TO BE ABLE TO WALK TO THE RESTAURANTS OR DOWN THE DOCKS ON THE PIER 19. UM, ALSO, I WAS LOOKING THROUGH Y'ALL'S WEBSITE AND THE PORT'S MASTER PLAN ALREADY HAS A GREEN SPACE PARK. UM, IT'S NOT SET IN STONE, BUT PLANS FOR PROBABLY BY THE ROYAL CARIBBEAN TERMINAL. YEAH. AND THAT WOULD CONNECT THE EAST END TO THE PORT AND GIVE PEOPLE A LOT OF GREEN SPACE THAT'S SAFE AND WOULDN'T CONFLICT WITH US. JUST PLEASE, UH, TAKE MY, MY INPUT INTO ACCOUNT BEFORE MAKING ANY KIND OF DECISION OR MOVING FORWARD. OKAY. THANK YOU NICK. APPRECIATE IT. [C.3. Port Director's Report] NEXT UP IS ITEM C3, THE PORT DIRECTOR'S REPORT. COME ON HERE BUDDY. ALRIGHT, COURT DIRECTOR FOR THE MONTH OF NOVEMBER. UM, YOU CAN SEE, UH, HERE AGAIN, YOU KNOW, OBVIOUSLY I SOUND LIKE A BROKEN RECORD, BUT YOU KNOW, WE'RE STILL UNDER CONSTRUCTION. UM, YOU KNOW, IT SEEMS LIKE MONTH TO MONTH, YOU KNOW, THERE IS A, UH, AN UPLIFT IN ONE SECTION AND THEN, THEN IT TURNS AROUND AND GOES BACK. AND SO, I MEAN, I THINK ULTIMATELY IN THE END WE KNOW WHERE THIS IS HEADING. SO I THINK WE'RE, UH, UH, WE'RE PRETTY MUCH COGNIZANT OF THE FACT WHERE OUR REVENUES ARE DOWN, UH, IN THE, IN THE, UH, CARGO BUSINESS. I'M HERE TO LOOK AT, UM, THE CARGO STATISTICS, UM, THE CRUISE STATISTICS. YOU CAN SEE HERE. I MEAN, OBVIOUSLY, UH, THIS YEAR, UM, WE'LL BE PROJECTING THE RECORD YEAR IN TERMS OF NUMBER OF PASSENGERS FOR THE PORT. UH, I DUNNO IF YOU SAW JUST RECENTLY CARNIVAL CAME OUT AND IN THEIR ANNUAL REPORT OR THE QUARTERLY REPORT SAID THAT THEY WERE 110% OCCUPIED OVERALL THEIR, ALL THEIR SHIPS. SO THE CRUISE BUSINESS IS DOING WELL, UM, UH, INTERNATIONALLY AS WELL AS IN THE US AND, AND OBVIOUSLY, UH, UM, WELL, IF YOU HEARD LAST, UH, ALSO LAST WEEK, PORT CANAVERAL JUST, UH, WENT OVER MIAMI AGAIN IN TERMS OF, UH, I HEARD THAT DURING OUR, UH, THE EXACT COMP MEETING AND I DIDN'T KNOW THAT. YEAH, THEY JUST WENT BACK OVER QUICKLY INFORMED IT IS BACK AND FORTH, BUT YOU KNOW, WHAT, WHAT'S HAPPENING? AND I THINK WHAT'S, WHAT'S, WHAT'S REALLY LEADING THAT IS THE FACT THAT THEY HAVE AVAILABILITY [00:10:02] OF LNG AND LNG IS, IS A KEY RIGHT NOW. AND SO THEY'RE, THEY'RE BASICALLY GETTING EVERY NEW SHIP IT COMES OUT OF THE SHIPYARDS IS GOING INTO CANAVERAL. 'CAUSE THEY'RE CLOSE TO THE SOURCE FOR L AND G AND THEY'RE ABLE TO, TO DELIVER VOLUMES. AND I THINK THAT'S, THAT'S REALLY ONE OF THE THINGS. YES. I HAVE A QUESTION I THOUGHT TOO, POSSIBLY, DOES IT HAVE ANYTHING TO DO WITH WHERE THEY'RE LOCATED AND BEING ABLE TO GO TO A DIFFERENT PART OF THE CARIBBEAN INSTEAD OF WELL, YOU KNOW, THEY'RE VERY MUCH LIKE WE ARE, THEY, THEY'RE, THEY'RE DRIVE MARKET AND THEIR, THEIR MARKET IS A SOUTHEASTERN UNITED STATES, BASICALLY. AND, YOU KNOW, I MEAN, DISNEY'S ADDING SHIPS, UM, THEY'RE CLOSED WHERE THEIR CRUISE SHIPS CAN GO. THEY SEEM LIKE THEY THEY HAVE A LOT TO DO. THEY'RE ABLE TO GO TO A DIFFERENT PARK. A LOT OF THE TEXAS. EXACTLY. AND, AND THEY, AND THEY OWN QUITE A BIT OF, OF REAL ESTATE, THE CRUISE LINES IN, IN BAHAMAS. AND IF YOU, IF YOU NOTICED AND LOOK AT OUR ITINERARIES HERE LOCALLY, UM, THE CRUISE LINES ARE STARTING TO ADD EIGHT DAY EIGHT AND SIX DAY CRUISES. GIVES THEM A DAY, EXTRA DAY TO GET OVER TO THE BAHAMAS. YEAH. SO I MEAN, LIKE, LIKE I SAID, I THINK WE'RE, WE'RE GOING TO, WE'RE GONNA APPROACH 1.8 MILLION. WE HAD ONE POINT, UH, 7 MILLION LAST YEAR. SO IT'S NOT A HUGE INCREASE, BUT IT IS A ANOTHER RECORD FOR US. ROGER. ROGER. YEAH. SO GO AHEAD CRAIG. NO, YOU WERE, THANK YOU. UH, BACK TO YOUR CARGO SLIDE. SURE. JUST FOR A SECOND. HOW MUCH OF THAT DO YOU THINK IS ALL OF THAT DUE TO, WE JUST GOT EVERYTHING IN FLUX RIGHT NOW WITH THE DOCKS? OR HOW MUCH OF THIS IS DUE TO JUST THE CHANGE IN THE CULTURE OF CARGO AND THINGS? SO, WELL, YOU KNOW, I WOULD, AND I'LL LET BRETT, BRETT, UM, I TALK ABOUT THAT, BUT I MEAN, THERE, I DON'T THINK THERE'S ANY CHANGE. IT'S, IT'S REALLY THE ABILITY TO, UH, UM, HANDLE THE DIVERSITY. PAINT THE PICTURE WHEN YOU LOOK AT CARGO. IF YOU COULD GO TO THE NEXT SLIDE. SO WHEN YOU LOOK AT THAT, WHEN YOU TALK ABOUT DRY BULK, THE BULK BEING DOWN, THAT'S PRIMARILY, UH, A LOT OF IT WAS GRAINED WITH SOME OF THE, THE FERTILIZER ON HERE. BUT IF YOU LOOK AT THE BOTTOM, WE'RE DOWN 15.8% IN TONNAGE, BUT WE'RE UP 245,000 IN REVENUE. SO WHEN YOU'RE TALKING ABOUT, AGAIN, TONNAGE DOESN'T EQUAL REVENUE, SO SOME TONNAGE, THE VALUE OF IT, IT, IT DOESN'T COME CLOSE TO WHAT THE REVENUE IS. SO WHEN YOU LOOK AT, LIKE, FOR, FOR INSTANCE, WIND, WIND IS DOWN ABOUT 4,000 TONS, BUT IT'S UP 254,000 YEAR TO DATE. UM, SO IF YOU WERE TO BACK OUT WHAT WE HAD FOR A HALF A YEAR WITH, UH, DELANI FRESH PRODUCE, UM, WE'RE ALMOST ON PAR ON TONNAGE OF WHAT WE DID IN 2024. OKAY. SO IT'S NOT THAT FAR OFF. AND, AND THE CARGO THAT WE ARE GENERATING AND THE TONNAGE THAT WE ARE GENERATING GENERATES MORE REVENUE AND MORE JOBS ONCE WE GET EVERYTHING ON THE WEST END WHERE WE WANT IT. AND THE CARGO STANDPOINT, THAT WOULD, THIS IS MY THOUGHT THAT WOULD TAKE CARE OF A LOT OF THE CONCERNS WE HAVE WITH CARGO, OR IS THERE STILL AREAS THAT WE'RE GONNA HAVE TO LOOK FOR NEW VENDORS OR NEW PEOPLE COMING IN HERE? WELL, WE HAVE SOME GOOD OPERATORS THAT ARE OUT THERE RIGHT NOW AND THERE, I KNOW WE HAVE A, A AGENDA ITEM LATER TODAY FOR THE STEEL, UH, LICENSES FOR 2026. UH, THE KEY FOR ME IS TO GAIN MORE PROPERTY VERSUS A DM 17 ACRES PLUS WITH THE SLIP FILL ABOUT SEVEN ACRES, UH, TO REPURPOSE OUR CURRENT FOOTPRINT THAT WE HAVE WITHOUT HAVING TO GO OUTSIDE. 'CAUSE WE REALLY CAN'T GO OUTSIDE, UH, FOR COMMODITIES THAT GENERATE REVENUE AS WELL AS JOBS. THAT'S RO WIND PROJECT, CARGO AND GENERAL CARGO. OKAY. BECAUSE WE TALKED ABOUT AT THE, UH, MASTER PLANNING DISCUSSION THAT WE MAY NEED TO GO OUT AND LOOK AT DIFFERENT TYPE OF, UH, ENTITIES THAT WOULD BE INVOLVED WITH CARGO HERE. THERE COULD BE, I KNOW THIS DISCUSSION FOR THE LAST COUPLE YEARS, WE'RE TRYING TO GET PAST THE CONSTRUCTION PROJECT PERIOD THAT WE HAVE. WE'RE STILL HAVE, I'D SAY ABOUT A YEAR, YEAR AND A HALF TO GO. AND IN FACT, I HAVE ABOUT 42 OF THE 70 ACRES AVAILABLE RIGHT NOW UNDER, AT LEASE THROUGH 2027. ONCE WE GET TO PROBABLY MID 2027, WE'RE GONNA START LOOKING FOR THAT. YEAH. TO HAVE A TERMINAL OPERATOR, WE'LL BE IN A GOOD POSITION. AND HERE AGAIN, THAT'S WHAT, THAT'S WHAT STEVE ORDER DO. I MEAN, YOU KNOW, AND THAT'S WHAT THEY'RE, THEY'RE SAYING TO US IN MEETINGS IS, YOU KNOW, WE SEE OTHER COMMODITIES COMING IN HERE, UM, BUT YOU KNOW, WE GOTTA GET THE DOCKS OPEN. SO, AND THEY'RE COMING OFF. NO, GO AHEAD. FINISH THE, BUT MY, MY QUESTION WAS REALLY ON THE, ON THE, UH, GO TO THE CRUISE. YEAH. UM, SO ARE YOU SEEING ANY, ARE WE SEEING ANY CHANGE ON THE, LIKE THE PERCENT, I GUESS PERCENT CAPACITY OR PERCENT OCCUPIED IF THE SHIPS, UM, ANYBODY GETTING BETTER OR WORSE UP TO DATE NUMBERS? I THINK WE TALKED, UH, THE OTHER DAY, CARVILLE'S STILL OVER A HUNDRED PERCENT RIGHT? ON THEIR SHIFT? YEAH. I THINK MOST OF 'EM ARE, BUT I MEAN, AS WE MENTIONED EARLIER, YOU KNOW, YOU GET TO, YOU GET TO THAT LEVEL, THEN ALL OF A SUDDEN YOU'VE GOT, YOU KNOW, FIVE CABINS, BUT THEY'RE ALL SELLING IT 5,000 BUCKS. RIGHT. AND SO THAT, I MEAN, YOU GET TO THAT, BUT I MEAN, I, I HAVE NOT [00:15:01] HEARD, AND I'VE SEEN, I MEAN, I, WHAT I SEE IS THESE GUYS GOING OUT HERE FULL AND, AND OUR, WE, WE TRACK THIS EVERY MONTH AND, UH, YOU KNOW, SO WE'RE HAVING MORE SHIPS, UM, WHICH WILL INCREASE THE PASSENGER COUNTS, OBVIOUSLY, UM, ON A PERB, IF YOU'D LIKE. MAYBE WE CAN GO BACK AND, AND LOOK AT THE PERCENTAGE CAPACITIES ON EVERY ONE OF THESE. BUT IT MIGHT BE JUST, JUST TO KIND OF THE TREND. I MEAN, THAT'S, 'CAUSE THAT'S WHERE YOU, I GUESS YOU START SEEING TRENDS. IF WE, IF SOMETHING WAS STARTING TO FALL OFF A LITTLE BIT, MIGHT BE GOOD JUST TO KIND OF KEEP TRACK OF THAT. OKAY. ERIC'S GOT A QUESTION. WILL, THANK YOU. JUST WANTED TO FOLLOW UP ON, ON JEFF'S QUESTIONS, ARE THESE CRUISE LINES SHARING, BOOKING NUMBERS, LOOKING OUT FOR THE NEXT YEAR SO THAT WE CAN PROPERLY PULL UP? YES. AND THAT'S WHAT, AND OUR, OUR NEXT, OUR BUDGETS FOR NEXT YEAR ARE BASED ON ALL THE SCHEDULES. I MEAN ALL THE REC, EVERY CRUISE LINE HAS GIVEN US A SCHEDULE FOR NEXT YEAR. BUT ARE THEY SHARING CURRENT BOOKINGS? LIKE, 'CAUSE PEOPLE ARE BOOKING THESE TRIPS WELL IN ADVANCE? ARE THEY SHARING INFORMATION ON LIKE, YEAH, THIS, THIS PARTICULAR CRUISE IS, UM, NO. YOU, YOU CAN'T GET THAT. YOU CAN'T GET THAT FROM 'EM. I MEAN, THEY'RE, THEY'RE, THEY KEEP THAT, THEY DON'T WANT NAMES OR ANYTHING LIKE THAT, YOU KNOW, SO WE, WE GET THE, UH, UM, THE REPORTS AS THEY COME IN AND, UH, YOU KNOW, OBVIOUSLY WE REPORT, WE REPORT THAT EVERY, EVERY, THIS, THESE ARE ALL ACTUAL NUMBERS THAT ARE UP HERE. IF I ADD, IF YOU ARE ASKING HOW WE BUDGET IT, WE BUDGET IT BASED ON TRENDS. IF A SHIP HASN'T COME IN HERE, WE'LL LOOK AT ITS CAPACITY. IT'S, UH, LOWER BIRTH CAPACITY. AND, UM, MAYBE THEY'RE BOOK, MAYBE THEY'RE TRYING TO BOOK A LOWER INVESTMENT, MAYBE THEY'RE TRYING TO BOOK OVER. BUT WE, WE MAKE, WE MAKE ESTIMATES AND WITH, UH, THE THREE THAT BEING QUESTIONED ABOUT BEING LOWER, UH, MSCS, WE DON'T HAVE ANY HISTORY ON THAT YET. AND, UM, YOU KNOW, NCL WE'RE STILL BUILDING HISTORY. UH, THE OTHER SHIPS WE'VE HAD, WE HAVE GOOD HISTORY BUILT UP SO WE CAN, WE CAN TREND IT. AND IT WAS ALSO SEASON, UH, WE HEARD A NUMBER, LIKE OF A PERCENTAGE, I THINK IT WAS STILL ON A SINGLE DIGIT OF PEOPLE THAT TAKE VACATIONS, ONLY TAKE CRUISES. DO YOU REMEMBER WHAT THAT NUMBER 10%? IT WAS LIKE, MAYBE IT WAS SINGLE DIGIT. SO THERE'S STILL QUITE A, A LOT OF PEOPLE THAT AREN'T, WHEN THEY GO ON VACATION, THEY STILL, THEY'RE NOT CRUISING. I MEAN, THE OVERALL CRUISES ARE INCREASING. RIGHT. BUT WHAT I'M SAYING, SAYING THERE'S LOTS OF ROOM TO, FOR GROWTH IS MY POINT IS ON THAT IF YOU WANNA GO. BUT THE OTHER THING I WANTED TO COMPARE THOUGH, TOO, SORRY, IS, UM, I THINK ACROSS THE BOARD, JUST VACATIONING IS DOWN. AND I THINK WITH, WHEN WE TALK ABOUT WHAT, WHAT THE CRUISE INDUSTRY'S DOING, WE SHOULD COMPARE IT TO PEOPLE THAT, LIKE YOUR AVERAGE FAMILY OF FOUR, THAT TAKES, ARE THEY VACATIONING ANYWHERE? SO, AND TAKE THAT INTO CONSIDERATION. WELL, AND OBVIOUSLY AMERICANS ARE THE BIGGEST CRUISER IN THE WORLD. I MEAN, THEY, THERE'S MORE AMERICANS THAN CRUISE ANYWHERE ELSE. ANYWHERE ELSE. BUT I MEAN, IF YOU WANT TO PICK A COUPLE OF THESE, YOU KNOW, I MEAN, IT'S, UH, YOU CAN DO THAT. BUT I MEAN, I I, I HAVE TO LOOK AT IT FROM AN OVERALL STANDPOINT AND, AND HOW WELL WE'RE DOING. AND THERE, THERE'S A COUPLE OF SHIPS THERE THAT, YOU KNOW, UH, LIKE, YOU KNOW, THAT ARE, THAT MAY BE DOWN 5,000. BUT I MEAN, IT'S, IT'S NO TREND THAT PEOPLE ARE, ARE NOT CRUISING BECAUSE WE KNOW THE, THE LEAD VAL SHIP JUBILEE IS UP 1.1. I THINK THAT'S A PRETTY GOOD INDICATOR. MM-HMM . AND THEN THE LEAD, UH, WORLD SHIP IS UP 2.8. SO I THINK THAT'S A, THEY'RE UP A LITTLE BIT, BUT NOT YEAH. HUGE. BUT STILL ARE. YEAH. YOU'RE GETTING MORE AND MORE, YOU GET MORE, MORE SHIPS IN HERE. RIGHT. MORE AND MORE. AND THAT'S WHAT YOU WANT IS YOU WANT MORE AND MORE ABILITY FOR, UH, PEOPLE TO COME BACK MORE THAN ONCE WITH DIFFERENT CHIP. RIGHT. THE VARIETY WAY. THAT'S IT. ROGER, IF I CORRECT, I THINK NORWEGIAN LATER THIS YEAR, I BELIEVE, I, I THINK THAT COULD CONTRIBUTE TO YEAH, EXACTLY. THAT THEY STARTED, UH, 10 DAYS LATER OR TWO WEEKS LATER THAN, THAN THEY HAVE IN THE PAST. BUT THEY'RE ALSO ACTUALLY STAYING LATER TOO IN APRIL. AND THEN TOO, WE'RE BASING THESE, OUR PASTURE COUNTS ON PAID PASSENGERS. SO FOR EXAMPLE, WHEN MSC STARTED, WE DON'T KNOW IF WELL DO, BUT THEY MAY HAVE HAD PASSENGERS THAT WERE NOT PAID PASSENGERS, THEY GUESS TRAVEL AGENTS, WHATNOT. THOSE, THOSE NUMBERS NOT [00:20:01] REFLECTED UP HERE. THOSE DO NOT NON-REVENUE PASSENGERS. WE'RE ONLY LOOKING AT PAID PASSENGERS. OKAY. THANK YOU. ANY MORE QUESTIONS ON THAT? OKAY. OKAY. NUMBER SHIP CALLS. UM, AND THIS KIND OF POINTS, I MEAN, WE'RE, WE'RE DOWN 5% OF THE NUMBER OF SHIP CALLS POINTS TO WHAT BRETT WAS SAYING. I MEAN, YOU KNOW, STILL, WE MAY HAVE LESS SHIPS AT EAST IN CERTAIN AREAS, BUT YOU KNOW, THE SHIPS THAT ARE COMING IN HERE ARE, UH, CARRIED HEAVIER, UH, ESPECIALLY IN THE WIND. SO THE REVENUES ARE INCREASING. AND SPEAKING OF THE LANE SHIPS, CONTRARY TO WHAT WAS ANNOUNCED ON FRIDAY ON BY NBC, WE DO NOT KNOW THAT THE OIL TANKER, THE SKIPPER IS COMING TO THE PORT OF GALVESTON OR THE COAST GUARD DOES NOT KNOW THAT. RIGHT. JUST, AND WE'VE EVERYBODY YEAH. AT EASE WE DRIVE, RIGHT BRETT, WE CHECK WITH THE COAST GUARD I'VE BEEN IN CONTACT WITH EVERY SINGLE DAY SINCE IT'S ALL IN THE HAND OF BEEN OFFICIALLY CONTACTED BY THEM. IT'S ALL IN THE HANDS OF THE DEPARTMENT OF JUSTICE AT THIS TIME. AND SO THERE ARE SOME LAWS ABOUT HAVE TO HAVE A COURT HEARING BEFORE YOU CAN UNLOAD THE CARGO. SO, WELL, DON'T KNOW. IT'S COMING. EVEN, EVEN THOUGH THEY ANNOUNCED IT FRIDAY, THEY DRAW 70 FEET. YEAH. AND WE ONLY HAVE 46 FEET OUT . I MEAN, THEY CAN DROP THE THREE GET CLOSE, ELABORATE. I HEAR THEY'RE GONNA JUST SIT OFF THE COAST HERE. THAT'S WHAT SOMEONE, AND, AND, AND THEY, THERE'S A POSSIBILITY THAT THEY COULD PROCESS CREW HERE. I MEAN, THERE'S A POSSIBILITY THEY'VE TALKED ABOUT THAT BRINGING THEM IN BY SHIP AND JUST 'CAUSE THEY'VE GOT TO, THEY'VE GOT THE DOCUMENT WHO'S ON THAT SHIP. RIGHT? AND SO THIS IS ONE OF THE THINGS THAT THEY, WE HAVE FACILITIES THAT, YOU KNOW, CVP CONTROLS. AND SO IF THEY WOULD DECIDE WE WANT TO PROCESS 'EM HERE BECAUSE WE HAVE ALL THE EQUIPMENT, RIGHT. PROCESS, I GUESS MY POINT IS MBC GOT A LITTLE AHEAD OF THEMSELVES. THEY WERE LOOKING FOR SOME SENS SENSATIONAL STORY. UH, WE'VE TALKED ABOUT THIS EARLIER. I MEAN, ANOTHER RECORD YEAR, I THINK IN, IN, IN TERMS OF REVENUES, YOU'LL SEE BY THE END OF THE YEAR. AND, AND I MEAN, I I, I'M JUST TICKLED TO DEATH OF WHERE WE ARE IN TERMS OF FINANCIALLY IN, IN, AND YOU THINK ABOUT, YOU KNOW, WHERE WE HAVE, WHERE WE ARE AND WHERE WE COME FROM. UM, YOU KNOW, AND THE CARGO BUSINESS NOT BEING AS STRONG, EVEN THOUGH THE REVENUES ARE STRONG, YOU KNOW, WHEN THAT HAPPENS, WE'LL SEE, YOU KNOW, WE'LL SEE THOSE INCREASES REFLECT HERE IN THE NEXT, UH, COUPLE OF YEARS. UM, THE GRANT PROGRAMS, I MEAN, I THINK WE'VE, WE'VE TALKED ABOUT MOST OF THESE AND WHICH ONES HAVE BEEN SUBMITTED. UM, YOU KNOW, UH, WE DID RECEIVE, UH, UH, MONEY ON THE RAISE GRANT, UH, WHICH WE, I THINK WE TALKED ABOUT IN A PREVIOUS MEETING. UM, AND THAT WAS ON, UH, YOU KNOW, UH, SURFACE TRANSPORTATION AND, AND ACTUALLY INTERMODAL, UM, STUDIES. SO WE RECEIVED THAT MONEY. AND THEN HERE'S THE GRANTS ALSO THAT WE RECEIVED ARE UNDER, UNDER WORK. MOST OF 'EM ARE, I MEAN, SOME OF 'EM ARE THE, UH, THE SECURITY GRANTS AND THEN THE, THE MONEY WE RECEIVED FROM THE, UH, TECH STOCK. WE'RE STILL WORKING ON THOSE. AND, AND AS I MENTIONED, YOU KNOW, WE'RE, UH, SEAPORT CONNECTIVITY, THE 1.6 MILLION WAY FINDING WAS, UH, A RESULT OF THE LAST LEGISLATIVE SESSION. AND SO WE'RE IN, IN THE PROCESS OF HAVING KICKOFF MEETINGS. IT IS HARD, I MEAN, TO GET MEETINGS SCHEDULED FOR NOW IN THE END OF THE YEAR. UH, BUT WE, WE HAVE GREAT RELATIONSHIPS WITH TX STOCK MOVING FORWARD WITH THAT. UM, HERE'S THE PORT, UH, SECURITY GRANTS THAT, UM, WE'VE, UH, ACTUALLY APPLIED FOR AND HAVE BEEN, UH, RECEIVED. AND THEN A COUPLE OF 'EM WERE UP FOR THE 20, UH, SIX GRANTS. AND HERE'S HERE AGAIN, ALSO, I MEAN, THIS IS, THIS IS GOOD STUFF HERE. I MEAN, WE'RE, WE'RE CONTINUING, UH, TO, TO BE NOTICED MORE AND MORE, MOST MOSTLY A LOT FEDERALLY AND A LOT STATE. SO YOU CAN SEE HERE, THESE ARE THE, THE ACTUAL GRANTS AND THAT WE'RE STILL WORKING ON. UM, AND AS, AS I JUST WAS TALKING ABOUT, WE, YOU KNOW, WE DID THE SAFE STREETS AND THE SAFE STREETS WAS A FEDERAL GRANT. BUT WHAT WE DID WAS WE APPLIED FOR TWO GRANTS RELATED TO THE SAFE STREET'S RESULTS. AND THEN WE RECEIVED THE $2.8 MILLION FOR THAT, UH, FROM THE STATE. SO THE, THE FEDERAL PART OF THAT WE APPLIED FOR HAS NOT YET BEEN AWARDED BASED ON THE SAFE STREET STUDY THAT WE DID. YES. GOT A QUESTION. YEAH. SO WE'VE GOT SOME STATE MONEY, AND THEN WE'LL EVENTUALLY, HOPEFULLY GET SOME FEDERAL MONEY THERE. JUST A QUESTION ON, UH, THE, THE TWO HGAC GRANTS, THE FLY OVER AND THE 41ST TO 51ST, I KNOW ON, ON SLIDE EIGHT, WE'VE GOT THE TXDOT SEAPORT CON CONNECTIVITY ALSO FLY OVER. AND, AND ARE THOSE THE SAME, SAME, OR ARE THOSE DIFFERENT? [00:25:01] NO, THOSE ARE, ARE SEAPORT CONNECTIVITY AS TDOT. OKAY. AND WHAT TWO YOU REFER TO ARE HJC, WHICH IS, WHICH IS THE FLY, WHICH IS THE FILE OR THE DIRECT CONNECTING 45 AND THE STUDY OF, OF THE ROAD PAST THE PORT INTERNAL ROAD, PAST THE PORT, WHICH, UM, IS A, IS A STUDY MONEY HJC. YEAH. AND SO WE'VE BEEN FUNDED ENTIRELY FOR THE INTERNAL ROAD NETWORK, AND WE'RE NOW WORKING THE FINAL PHASE, WHICH TAKES THE PROPERTY FROM CT 10 ALL THE WAY DOWN TO THE END OF OUR PROPERTY LINE, THE FIRST RIGHT. AND THEN THE 400,000 FROM HJC IS THE STUDY, THE, THE BALANCE OF THE INTERNAL ROAD THAT EXISTS NOW, BUT IT'S GOING THROUGH PRIVATE PROPERTY. WE DON'T OWN THAT PROPERTY. SO WHAT WE, WHAT THEY, WE'VE BEEN AWARDED THE 400,000 FOR IS TO DETERMINE RIGHT OF WAYS, UM, AND WHAT WE WOULD HAVE TO DO TO ALLOW US OR ALLOW TX STOP TO COME IN AND BUILD THE REST OF THAT ROAD TO GET FROM 41ST TO 51ST STREET. RIGHT, EXACTLY. TO THE CONNECTOR ON THERE. AND SO, AND THEN YOU HAD A QUESTION ABOUT, UH, YEAH, I WAS JUST, 'CAUSE ON, ON SLIDE EIGHT, THERE'S THE TWO T SEAPORT CONNECTIVITY GRANTS, YOU KNOW, IT'S 3000001.63 MILLION FOR THE I 45 THROUGH 33RD, 41ST. AND THEN WE ALSO HERE HAVE THE, ON SLIDE 10, YOU HAVE THE, THE HGAC GRANTS FOR ALSO I 45 FLYOVER STUDY. JUST WONDERING, ARE THOSE THE SAME ANIMAL OR ARE THOSE DIFFERENT, DIFFERENT BUCKETS OF MONEY? COULD YOU SEE THERE? AND YOU GO TO, SO YOU SAY IT'S UP HERE TWICE. I, THAT'S MY QUESTION. IS IT UP HERE TWICE? SLIDE. GO TO SLIDE SIX. SORRY, I GETTING MY BUDDY HERE. SIX RIGHT HERE. SLIDE SEVEN'S THE FIRST ONE. I'M SORRY. EIGHT. DIDN'T HAVE MY GLASSES ON IT LOOK LIKE. BUT SEE YOU GOT THE THIRD AND THE FOURTH ONE OR THE SECOND ONE IS C PORT CONNECTIVITY, 3 MILLION. AND THEN IF YOU GO, AND THEN IF YOU GO TO SLIDE 10, YOU'VE GOT I 45 FEASIBILITY STUDY DIRECT CONNECT, 2.25 MILLION. I WAS JUST CURIOUS, IS THAT THE SAME, ARE THOSE TWO, YOU KNOW, DO WE HAVE 3000002.25 MILLION? ARE THOSE THE SAME? YEAH, THERE MUST BE BECAUSE THE, UH, THE SEAPORT CONNECTIVITY, UH, IS NOT TECH. I MEAN, IS TEXTILE IS TEXTILE, BUT IT'S NOT $3 MILLION BECAUSE THAT'S ONLY HGAC DOES JEFF? YEAH, I I THINK WHAT HAPPENED HERE IS THAT THIS SEAPORT CONNECTIVITY PROJECT IS THE 33RD TO 41ST STREET, WHICH WE ARE AT THE END OF ENGINEERING, BUT I THINK IT GOT OVERWRITTEN WITH THE 3 MILLION FROM THE HGAC IS MY, BECAUSE WE DO HAVE THAT OTHER PROJECT. WE'RE GONNA BE PROCURING CONSTRUCTION, WHICH IS THE SEAPORT CONNECTIVITY, AND THEN THE HGAC, THOSE TWO DO ADD UP TO THE 3 MILLION. SO IT IS, YOU'RE RIGHT, I WAS JUST, I'M LIKE THIS CATCH ON THE BUDGET. I WAS JUST TRYING TO GET THAT, YOU KNOW, I'M TRYING TO GET THE NUMBERS TO ADD UP AND IT DIDN'T ADD UP, SO. GOTCHA. THANK YOU, JEFF. GOOD CATCH. ENGINEER TO ENGINEER, FIGURE IT OUT. YEAH. UM, GO AHEAD. I'M SORRY. OKAY. I THINK WE CAN MOVE BICENTENNIAL. UM, WE HAVE CONVERSATIONS ABOUT THAT LATER HERE IN THE AGENDA. AND, AND SO OBVIOUSLY WE'LL TALK A LITTLE BIT MORE ABOUT THAT FURTHER. UM, AND THIS IS TALKING ABOUT THE, THE PROCUREMENT PROCESS THAT RELATES TO, UH, SOME OF THESE GRANTS, UM, THAT WE RECEIVED. YOU KNOW, THE, THE, UH, WE, THE AMPHIBIOUS EXCAVATOR PURCHASE, THAT'S OUT THE PROCUREMENT. UM, AND THAT'S ON TODAY'S AGENDA AS WELL AS THE, UH, COMPONENTS FOR THE, UH, SECOND BRIDGE, THE CT 25. UM, YOU KNOW, THAT'S, UH, WE'RE PROPOSING A CONTRACT ON THAT TO DEVELOP. AND THIS WAS, SOME OF THIS IS BACKUP, BACKUP FOR THAT, UM, PARTICULAR ONE. AND THEN, UH, YOU KNOW, WE DID, UM, SEND OFF ON THE, UNDER THE, UH, SECURITY GRANTS, UM, SOME, UM, I GUESS TABLETOP AND ACTUAL EXERCISES THAT WE WOULD HOLD HERE AT THE PORT, AND THERE'S FUNDING AVAILABLE, UH, TO HOLD THOSE AND, AND WE'LL, WE'LL HOST THOSE. AND THEN HERE AGAIN, THE, UH, THE RESPONSES AND, AND WITH THE REV AND HJC PROJECTS ARE IN PLANNING, I MEAN, ARE ACTUALLY, UM, WORKING THROUGH THE, UH, PROCUREMENT, WELL, THE, UH, ACTUAL, UH, UM, BEGINNING INTERVIEWS SAFETY COMMITTEE. UH, WE HAVE A HERE ZERO WIN A WINNER FOR THIS MONTH, UH, OBSERVED THAT THE, THE BULL RAILS ON, UH, CT 16, UM, WERE DAMAGED. AND SO I THINK THAT, UH, THAT WAS A GOOD CATCH. UH, PARKING AND GROUND TRANSPORTATION. I MEAN, IT'S [00:30:01] JUST DISCONTINUE JULIO AND HIS TEAM JUST CONTINUE TO HIT HOME RUNS ON THIS. UM, THE RESERVATIONS ARE UP AND, AND MOVING ALMOST MORE, MORE PEOPLE ONTO THE NORTH SIDE AND, AND OUT ON THE SOUTH SIDE. IF YOU LOOK OUT THERE RIGHT NOW, SOUTH SIDE SCHOOL. SO, I MEAN, THIS IS THE TIME OF YEAR THAT THAT HAPPENS. JEFF, JUST REALLY QUESTION ON THE SLIDE, SLIDE 12, I GOT MY GLASSES. SLIDE 12. IS JOHN, IS JOHN SHERRY STILL INVOLVED OR SAFETY? THE SAFETY CONSULTANT WE HAD ROGER OR, UM, WHAT'S THAT JOHN SAFETY GUY? YOU CAN EDIT THOSE. YOU KNOW, WE'RE IN THE PROCESS, AS WE HAD MENTIONED IN THE PAST, WE'RE IN THE PROCESS OF TRANSFERRING THAT INTERNAL, WHICH IS THE PLAN. SO WE'RE WORKING ON THAT. AND HE'S, UH, I BELIEVE HE'S DONE, HE APPLIED FOR THE POSITION. OKAY. AND SO WE HAVE I THINK, THREE PEOPLE OKAY. THAT WE'RE INTERVIEWING. UM, YOU KNOW, BUT WE, LIKE WE SAID, WE WANTED TO DEVELOP THE PROGRAM. RIGHT. AND SO NOW WE'RE BRINGING, LOOKING FORWARD, NOW WE LOOK AT THE HIRING FULL EMPLOYEE TO TAKE OVER. GOTCHA. WHICH I THINK IS THE NEXT STEP. SO I THINK WE, WE MADE ONE OFFER, UM, BUT WE DID NOT GET THAT PERSON. IT WAS ALL, IT WAS MONEY. YEAH. AS IT OFTEN IS. YEAH. NAME OF THE GAME. UM, I'M GONNA LET JULIO, UH, JULIO WANTED TO KIND OF EXPLAIN A LITTLE BIT MORE OF, UH, PARKING, WHAT'S GOING ON THERE, HOW HE'S MANAGING WITH THE, UH, WAYS PARTNERSHIP AND, I MEAN, AND THE TRAFFIC AND ALL THAT GOOD STUFF OUT THERE. YEAH, SO THIS IS, UH, A PROGRAM THAT I'VE BEEN WORKING ON FOR A FEW YEARS. UH, SOME, YOU REMEMBER BACK IN 2022, I MENTIONED THAT WE HAD ENTERED INTO A WAYS FOR CITIES PARTNERSHIP, UM, WA CALLS IT A, A DATA SHARING PROGRAM. UH, AND I SAW A LOT OF POTENTIAL OUTSIDE OF ONE OF THE CONFERENCES. AND IT WAS REALLY, REALLY NEAT. THERE'S REALLY NOT A LOT OF CITIES OR MUNICIPALITIES THAT ARE INVOLVED IN IT. IT'S FULLY FREE. UH, AND THE WAY IT WORKS IS ESSENTIALLY YOU GET ACCESS TO WAYS', UH, BACKEND, UH, SOFTWARE. YOU CAN CREATE UPDATES. SO, YOU KNOW, NOWADAYS WE, WE KNOW THAT, UH, JUST ALL OF US USE NAVIGATION TOOLS TO GET PLACES. AND WE SAW THAT AS A REALLY NEAT OPPORTUNITY TO FURTHER COMMUNICATE TO GUESTS, TO THE GENERAL PUBLIC, UH, YOU KNOW, DOING SOME QUICK RESEARCH. THERE'S A COUPLE OF FIGURES THERE THAT I WAS ABLE TO FIND, UM, NOT A WHOLE LOT REALLY ABOUT USAGE, BUT I, TO FIND SOME CRITICAL SOURCES, UH, ABOUT THE, THE HEAVY USAGE OF NAV NAVIGATION TOOLS. AND WE ALL USE NAVIGATION TOOLS, AND MAYBE WE ALL HAVE A PREFERENCE ON WHAT WE USE, BUT WHAT'S NEAT ABOUT THIS TOOL WITH WAZE IS THAT THERE'S GOT SOME, UH, KEY FEATURES THAT, THAT WILL HELP US. I BELIEVE, UH, WE, UH, IT, IT BECAME REALLY HANDY BACK IN 22 WHEN WE OPENED TERMINAL 10. UH, WE WERE BASICALLY UNDERSTOOD THAT WE WERE GONNA GET TENS OF THOUSANDS OF PEOPLE ARRIVING ON A DATE AND WHERE NO ROAD EXISTED, , THE ROADS WE'D CREATED, BUT GOOGLE DIDN'T KNOW ABOUT THE ROADS. UH, BUT IT HAD A REALLY NEAT TOOL, UH, ALLOWING US TO GO ON THE BACK END AND CREATE ROADS, NAME THE ROADS NAME, THE FACILITIES. UH, AND, AND THE WAY THESE, UH, APPLICATIONS WORK IS AGGREGATE DATA. UH, THE MORE USAGE THE, UH, PUBLIC, IT GETS OUT OF THE PUBLIC, IT FEEDS INTO IT, AND IT KIND OF REINFORCES, OKAY. YEAH. IN FACT, THERE IS A ROAD HERE, UH, IT SEEMS TO GET PRETTY GOOD TRAFFIC, SO, WE'LL, WE'LL, WE'LL GIVE IT A NAME. UH, AND YOUR SUGGESTIONS ARE VALID THAT, YOU KNOW, YOU DO HAVE A ROAD HERE. SO A LOT OF NEAT TOOLS, UH, TWO THAT ARE PARTICULARLY, UH, INTERESTING TO US. OBVIOUSLY THE MAP EDITOR TOOL, THIS IS THE PART WHERE WE GO INTO THE BACK END. YOU CREATE EDITS, YOU CREATE ROADS, YOU NAME THEM, AND THE PUBLIC GETS TO SEE THEM, RIGHT? UH, YOU CAN ALSO CREATE HAZARDS, RIGHT? SO IN THE, WE, WE KNOW HOW, UH, OUR SUMMER SEASON GOES, THERE'S A LOT OF HIGH WATER AREAS WHERE COULD BE PROBLEMATIC FOR, FOR GUESTS. UH, WE ARE ABLE TO GO AND CREATE HAZARDS THAT THE USER GETS TO SEE AND HELP THEM NAVIGATE TO, TO THEIR DESTINATION. THE ONE THAT'S PARTICULARLY INTERESTING TO US AND WILL BE HELPFUL WOULD BE THE WAYS, UH, DATA FEED. CAN I GET THE NEXT SLIDE? THE, THE WA DATA? UH, I GUESS THE ANSWER IS NO, THAT WAS, YEAH. THE WA DATA FEED, UH, AND THIS IS WHERE THE DATA SHARING ASPECT OF IT GOES IN, RIGHT? SO YOU ARE ABLE TO GO AS, AS THE ENTITY AND ENHANCE THE APPLICATION FOR THEIR USERS. SO YOU'RE ESSENTIALLY MAKING THEIR APPLICATION BETTER BY GIVING IT REAL TIME DATA [00:35:01] AND, AND REAL CHANGES OUT ON THE ROAD, UH, SO THAT YOU'RE MAKING THE REP BETTER, UM, HOW THEY FEED US DATA AS YOU ARE ABLE TO PLUG INTO THE DATA FEED. UH, AND, AND WE'RE GETTING INTO LIKE SOME, A STRING OF DATA THAT'S TO, YOU KNOW, WHEN YOU LOOK AT IT IS JUST NUMBERS AND CODES THAT ARE NOT ANY GOOD TO US. BUT, UH, THIS IS BACK IN 22 AND CONTINUE DOING RESEARCH, CONTINUE, UH, TRYING TO FIND A, UH, A, A, UH, VISUALIZATION AND ANALYTIC TOOL THAT YOU GOTTA PLUG INTO IT SO THAT THEN IT BECOMES HELPFUL. SO WE WERE ABLE TO FIND A, A COMPANY CALLED, UH, ANOVA THROUGHOUT OF FRANCE. THEY CREATE THIS PRODUCT THAT DIRECTLY PLUGS INTO WAYS AND GETS THAT FREE DATA THAT THEY'RE GIVING YOU. NOW, OBVIOUSLY, WE PAY FOR THE SOFTWARE TO VISUALIZE IT AND GET THE METRICS AND ANALYZE IT, BUT IT PLUGS INTO THE WAYS DATA AND YOU CAN VISUALIZE IT AND STUDY IT AND DO ALL, ALL TYPES OF, UH, OF STUFF, UH, ONLY WITH THE DATA THAT WAZE IS PROVIDING, RIGHT? WE CANNOT CREATE ANY REPORTING OR ANY STUDIES ON DATA THAT DOESN'T EXIST IN WA, BUT IF IT EXISTS IN WAZE, YOU CAN PLUG INTO IT AND VISUALIZE IT. UH, SO THAT'S VERY HELPFUL. CAN I GET THE NEXT SLIDE, DOCTOR? YEAH. AND THEN WE GET INTO THE ASPECT OF, OKAY, THAT'S GREAT. SO WHAT ACTUALLY CAN WE DO WITH THAT DATA? WHAT, HOW HELPFUL IS IT? WHAT QUESTIONS CAN WE ANSWER? IS REALLY WHAT, WHAT IT COMES DOWN FOR ME AS I LOOK AT IT AND ANALYZE IT? UM, AND YOU CAN ANSWER A LOT OF DIFFERENT QUESTIONS, REALLY. UM, AND IT'S OBVIOUSLY THIRD PARTY DATA. WE, WE DON'T, UH, TOUCH THE DATA. IT JUST COMES INTO THE FEED, IT GOES INTO THE TOOL. AND, UM, THEY HAVE A REALLY NEAT AI TOOL WHERE YOU CAN ASK IT QUESTIONS AND IT SPITS OUT NUMBERS AND YOU'VE GOTTA STUDY THEM AND, AND, AND MAKE IT ACTUALLY, UH, DATA THAT WE CAN DIGEST AND WE CAN USE AND ANALYZE. THERE'S OBVIOUSLY A LOT OF DATA IN THERE, BUT YOU KNOW, FOR EXAMPLE, YOU CAN GRAB A SELECTED ROAD SEGMENT AND ASK THE QUESTION, OKAY, WHAT IS THE AVERAGE TRAVEL TIME WITHIN THIS SELECTED ROAD? AND UNDERSTAND WHAT THAT TRAVEL TIME IS. YES, SIR. IT MIGHT BE A TEST, BUT I COULDN'T FIGURE OUT THE DIFFERENCE IN SLIDES 18 AND 19. I, MAYBE YOU CAN ANSWER, MAYBE I DOUBLED. UH, IT LOOKS LIKE THE, BUT I'M THINKING IT'S A TEST, BUT I DON'T THINK I PASSED. I DON'T, YOU KNOW, YOU MAY HAVE TWO COPIES. IT'S NOT UP HERE. YEAH. I'VE GOT PAGE 18 AND 19 AND THEY LOOK TO BE THE SAME. YEAH, BUT IT'S NOT ON THE PRESENTATION. I HAVE A QUESTION. WHO KNOWS THE BOARD HE NEEDS, WHAT DO WE PAY VIA ANOTHER FOR THAT? UH, I DON'T HAVE FRIEND THAT'S BETWEEN 1,015 HUNDRED, I BELIEVE. DON'T QUOTE ME ON THAT, BUT IT'S, IT'S SOMEWHERE IN THERE. THAT'S PRICELESS THOUGH. OH, YEAH, YEAH, YEAH. IT JUST DOESN'T, UH, THERE AREN'T REALLY A LOT OF, UH, I MEAN, WE, WE COULD HIRE A SOFTWARE DEVELOPER AND, BUT THEY'RE DOING THIS. THEY ACTUALLY HAVE, ONE OF THE THINGS THAT CAUGHT MY ATTENTION WITH THAT WAS THEY HAVE A PROGRAM WITH THE CITY OF MONACO, AND, UH, THEY HAVE IN THE CITY HAS INTEGRATED A, UM, I'M GONNA CALL IT A, A TYPE OF CALL CENTER OR ACTION CENTER WHERE THEY HAVE MONITORS AND THERE IS A DIGITAL SIGN SYSTEM THROUGHOUT THE CITY. AND THAT WHAT, YOU KNOW, THEY'VE CREATED THRESHOLDS. SO IF A CERTAIN ROAD EXCEEDS WHATEVER THRESHOLD, DIGITAL SIGNS AUTOMATICALLY BEGIN AND DIVERT TRAFFIC IN A DIFFERENT ROUTE. SO IT'S, IT'S A VERY ADVANCED SCHOOL. UH, IT'S GOT A LOT OF UPSIDE. CAN I SEE THE NEXT SLIDE? IT'S GOT A LOT OF UPSIDE. UH, THAT WHICH IS THE MOST, ACTUALLY THE MOST EXCITING THING ABOUT IT IS, IS THE UPSIDE FOR US. AND, UH, FOR ME IT IS JUST TRYING TO FIND WAYS THAT WE CAN IMPLEMENT IT IN THE OPERATION. UM, OBVIOUSLY, YOU KNOW, IT'S GOT A LOT OF DATA AND, AND THAT'S, THAT'S, THAT'S REALLY THE SUM OF IT, YOU KNOW, TOP OF QUESTIONS. UH, SO I GRABBED, UH, JUST FOR THE SAKE OF PRESENTING SOMETHING, WE, WE COULD GO AND, AND PICK A LOT OF DIFFERENT BITS AND PIECES, BUT JUST FOR THE SAKE OF SHOWING, ONE OF THE THINGS THAT WE CAN DO IS, UH, FOR EXAMPLE, WE HAVE SELECTED THIS SEGMENT OF THE ROAD PRIOR TO OPENING TERMINAL 16TH, UH, WHICH IS 16TH, RIGHT? 16TH, UH, NORTHBOUND FROM, UH, BROADWAY TO HARBORSIDE. AND, UH, TO BE ABLE TO TRACK, UH, WE, WE DID IT PRIOR TO THE OPENING OF THE TERMINAL AND THIS SNIPPET HERE, UH, AT THE TIME I CREATED THIS, I SELECTED DATES FROM THERE TOO, UH, DECEMBER 4TH, AND IT JUST KINDA SHOWS YOU WHAT THE AVERAGE TRAVEL CRIME IS ON THAT STRETCH OF THE ROAD. THE TERMINAL WAS OPEN AT THAT TIME, RIGHT? YEAH. IT OPENED ON THE NINTH. NINTH, RIGHT? YEAH. UH, YEAH, YOU COULD SEE THREE LITTLE PEAKS RIGHT THERE, WHICH WAS THE VALLEY. [00:40:01] PROBABLY. THOSE ARE IN SECONDS. THESE ARE IN SECONDS, RIGHT? YEAH. SO, SO WHAT TRANSIT ON, YEAH. WHAT IF, YOU KNOW, AT THE END OF THE DAY, WHAT, YOU KNOW, WE WE'RE TRYING TO JUST ANALYZE DATA AND UNDERSTAND, FOR EXAMPLE, UH, BASELINE, RIGHT? WHAT IS, WHAT IS, WHAT DOES THIS TRAFFIC LOOK LIKE BASELINE, UH, WITHOUT ADDING A SHIP OR TWO OR THREE? AND THEN WHAT IS THE IMPACT OF EVERY ADDITIONAL SHIP, RIGHT? SO IN THIS CASE, UH, FOR THE SAKE OF JUST THIS PRESENTATION, I COULD PROBABLY DO HUNDREDS OF THESE FOR DIFFERENT SEGMENTS THAT WE, WE ARE CURRENTLY RECORDING ON. UH, WHAT DOES THAT LOOK LIKE ON A, THROUGHOUT THIS, THIS TIME PERIOD, THE, IT GIVES YOU THE AVERAGE TRAVEL TIME, UH, THE HEAVIEST TIME RECORDED WAS THAT DATE THERE ON THE 16TH, UH, ON THE 6:00 AM HOUR, UH, JULIO, IS THIS ALL TRAFFIC MOVING OR IS IT JUST THOSE THAT USE THE ONES WA THOSE THAT USE THE, YES. YEAH. AND THAT IS TO YOUR POINT, ONE OF THE NEAT THINGS ABOUT THE V NOVA, UM, APP SOFTWARE IS THAT IT CAN, IT CAN INGEST DIFFERENT INPUTS. SO CURRENTLY WAZE IS ONE INPUT DATA, RIGHT? SO IF WE GO AND CLEAR CAMERAS IN A PARTICULAR INTERSECTION THAT CAN GIVE IT THE DATA AND THE WAY THAT IT, IT INGEST IT, THAT'S ANOTHER INPUT. IF WE PUT TRAFFIC COUNTERS AT A PARTICULAR INTERSECTION THAT WE'RE INTERESTED IN, IN, UH, RECORDING DATA FOR, IT'S ANOTHER INPUT. SO IT'S GOT MUL THE ABILITY TO, TO INGEST MUL DATA FROM DIFFERENT INPUTS. AND, AND, UH, I DUNNO IF HE'S DONE ERIC. I THANK, MAY I READ IN? YES. OKAY. ERIC, IS THERE ANY INDICATION THAT OTHER, UH, NAVIGATION SOFTWARE OR APP COMPANIES COULD BE, UH, LOOKING TO DO THESE PARTNERSHIPS, DATA SHARING PARTNERSHIPS? NO. JUST WASTE. JUST WASTE? YEAH, JUST WASTE OFFICE. JUST AS FAR AS I, I KNOW RICHARD LIVED AND JEFF JULIO. UM, HOW DOES A HOW DO YOU ACCESS, I'M, I'M TALKING ABOUT JUST LIKE FOR PUBLIC USE OF WAYS. HOW DO YOU ACCESS THAT? IS IT EMBEDDED IN GOOGLE? IT'S A SEPARATE, IT IS ALL BY GOOGLE, BUT IT'S A S SO YOU DOWNLOAD IT AS A SEPARATE APP? YES. SO IF I, AND SO I LIVE, IF I'M COMING WEST AND I LIVE EAST OF FERRY ROAD, AND I, I NEED TO MAKE THE DECISION ABOUT WHETHER TO, WHETHER TO GO DOWN HARBORSIDE OR BROADWAY. I COULD PICK UP WAYS AND IT COULD TELL ME REAL TIME HOW ACTIVE, UH, EITHER ONE OF THEM. WELL, IT, WELL, SO YOU'RE ASKING, FOR EXAMPLE, YOU'D HAVE, YOU'D GIVE IT YOUR DESTINATION, RIGHT? AND THEY WOULD ROUTE YOU THE QUICKEST ROUTE THERE. OKAY. GIVE YOU DIFFERENT OPTIONS. IT'LL TELL YOU WHICH ONES THE FUNCTION. IT WOULD GIVE YOU AN OPTION JUST LIKE GOOGLE MAP, THE DIFFERENCE WITH IT'S MORE DETAILED. THE DIFFERENCE. YES. THE DIFFERENCE WITH WAZE IS WAZE CALLS IT A, A CROWD, UH, UM, I FORGET THE TERM, BUT BASICALLY CROWD FUNDING, IT'S GROUP INPUT, CROWD SOURCE INPUTS THE DATA, RIGHT? SO MO IT GETS INPUT FROM THE GROUP USING IT TO ENHANCE THE DATA. YOU'VE SEEN THE LITTLE, THE THE ANGRY ICON THAT'S STUCK IN. AND THAT COULD BE SOMEBODY SITTING IN A HOUSE, NOT EVEN IN A CAR, RIGHT? IT COULD BE, I DON'T KNOW IF WE HAVE TO BE MOVING OR THINGS LIKE THAT. BUT, BUT YEAH, PRETTY MUCH IT'S, IT IS CROWD INPUT INTO THE APP AND IT ENHANCES IT CROWDSOURCING. HOW MANY HERE, HOW MANY HERE CURRENTLY USE IT? OH GOD. I USE ALL RICHARD, AFTER THE MEETING TO SHOW YOU, IT'LL ROUTE YOU, UH, RICHARD, IT'LL ROUTE YOU SOMETIMES THE CRAZIEST WAYS. I MEAN, IT'LL TAKE YOU THROUGH BACK STREETS AND AROUND AT TIMES. IT'LL EVEN TAKE YOU THROUGH A ALLEYWAY. WELL, AND ALSO THERE'S A REASON TO GET THERE FASTER. THERE'S A REASON THAT DOES THAT TO GET YOU THERE FASTER. THERE'S SOMETHING IN THE MIDDLE. YEAH. YOU KNOW, LIKE YOU SEE LOTS OF TIMES THERE'S DEBRIS IN THE ROAD AND IT WILL, IT WILL FLASH DEBRIS IN THE ROAD STILL THERE OR GONE, THINGS LIKE THAT. YEAH. THAT'S THE, IS IT GOOD FOR LONG DISTANCE STUFF TELL YOU IT FROM KROGER TO GO HOME, BUT FOR ROAD TRIPS, I DROVE TO OHIO AND DEPENDED ON YOU COULD, YOU COULD USE, 'CAUSE IT'LL ALSO TELL YOU STOPS. I MEAN, IT'S VERY, I MEAN, IT'S PRETTY, IT'LL TELL YOU I'M CHECK OUT RUST STOPS AND GAS AND IT'LL TELL YOU THE OTHER, YOU KNOW, SPEED MONITORING AHEAD. SOMEBODY WILL REPORT ALL BASED ON THE DATA THAT'S INPUTTED. LIKE HE'S TALKING ABOUT. MAYOR HAD A QUESTION. UH, JULIO, I DID REMEMBER. UH, THIS PARTNERSHIP, DOES IT ALLOW YOU TO INFLUENCE THE RESPONSE THAT WAVE GIVES TO THOSE USING IT AS AN EXAMPLE, IF WE WANT PEOPLE TO GO DOWN, WE DON'T WANT 'EM CUTTING THROUGH THE NEIGHBORHOODS, CAN WE GET WITH WAZE AND HAVE 'EM MOVE 'EM ANOTHER DIRECTION? [00:45:01] SO I THINK TO WHAT EXTENT YOU CAN CREATE THESE THINGS, UH, WE'RE, YOU KNOW, FULL, THIS IS A VERY DATA RICH. WE'RE STILL LEARNING A LOT OF THINGS ABOUT IT. UH, AND, AND EVEN I THINK WE'RE KIND OF SCRATCHING THE SURFACE AS IT RELATES TO, UH, VI NOVA AND, AND WHAT DATA WE CAN GET FROM IT. UH, BUT I BELIEVE YOU CAN INFLUENCE SOME OF THE ROUTES, UH, OBVIOUSLY CREATING, INDICATING THAT THERE'S HIGH TRAFFIC IN THE STRETCH OF THE ROAD WOULD DO THAT. UM, THERE, THERE'S DIFFERENT THINGS YOU CAN DO. UH, BUT, UH, BUT I DON'T, I COULDN'T TELL YOU EXACTLY HOW DEEP WE COULD GO. JEFF. AND THEN SHEILA, YOU MIGHT LET SHEILA GO. GO AHEAD. WELL, I WAS JUST, SHEILA, UM, I SAW MENTION OF A DASHBOARD THAT WOULD BE A DASHBOARD THAT THE, UH, PORT OF GALVESTON HAS, RIGHT? RIGHT. AND WOULD WE HAVE MONITORS 24 HOURS OR PEAK TIMES, OR HOW, HOW WOULD SOMETHING LIKE THAT WORK WHEN WE GET TO THAT POINT? AGAIN, I THINK WE'RE JUST SCRATCHING THE SURFACE ON, ON WHAT WE CAN DO. WE OBVIOUSLY HAVE A, A PRETTY ROBUST DIGITAL SCIENCE SYSTEM NOW. UM, WE COULD LOOK AT ENHANCING THAT. WE COULD LOOK AT, UH, WORKING WITH, WITH , THEN YOU'VE GOT, YOU KNOW, THESE DIGITAL SIGNS WOULD HAVE TO BE ONLINE, UH, TO BE ABLE TO GENERATE, YOU KNOW, TRIGGER MESSAGES BASED ON CERTAIN THRESHOLDS AND, AND THINGS LIKE THAT. BUT, BUT IT COULD HAPPEN. I MEAN, COULD WE DO IT? YEAH, IT COULD. I DON'T, I COULDN'T TELL YOU ABOUT THE INVESTMENT, THINGS LIKE THAT. RICHARD, WE'RE CHECKING ONTO WHAT JEFF'S NEXT AND THEN YOU OKAY. JEFF. JEFF AND THEN RICHARD. OKAY. SO, YEAH. UM, SO I GUESS ON THIS, JULIA, CAN YOU DRAW ANY CONCLUSIONS FROM SAY YEAH, 16TH STREET BECAUSE OBVIOUSLY THAT, YOU KNOW, THE NEIGHBORHOOD'S BECOME A BIG ISSUE. YEAH. CONCERN, YOU KNOW, THERE'S ANECDOTAL STORIES AND THINGS. THERE'S, YOU KNOW, ME RIDING MY BIKE ON DIRT DAY THAT I DON'T SEE WHAT I OBSERVE. BUT CAN YOU DRAW ANY CONCLUSIONS FROM THAT AS FAR AS, YOU KNOW, PRE BEFORE WE HAD TERMINAL 16 OPEN AND POST AS FAR AS WHAT THE TRAFFIC ON 16TH LOOKS LIKE? SURE. UH, JUST TO, YOU KNOW, QUALIFY, WHAT I'M SAYING IS, IS BASICALLY WE JUST TOOK A SEGMENT OF THE ROAD, WHICH IS 16 FROM HARBORSIDE TO BROADWAY. UH, AND AS IT RELATES TO THE AVERAGE TRAVEL TIME, IT GIVES ME WHAT THE AVERAGE TRAVEL TIME IS THE ENTIRE TIME, RIGHT? THIS IS 24 HOURS A DAY FROM OCTOBER 29TH THROUGH DECEMBER 4TH. UH, IT TELLS ME WHAT THE HEIGHT, THE, THE LONGEST TRAVEL TIME WAS IN THAT, THAT HOUR. UH, AND THEN FOR THE SAKE OF JUST LOOKING AT WHAT, WHAT, YOU KNOW, WHAT WE WOULD TYPICALLY CONSIDER PEAK PERIODS ON THE NINTH AND THE 16TH, WHICH WAS THE FIRST TWO SAVINGS OF, OF TERMINAL OF 16, WHAT DID TRAFFIC LOOK LIKE? AND AS, AS YOU CAN SEE, YOU KNOW, IT REALLY DEVIATES. UH, BUT A A MINUTE, LITTLE OVER A MINUTE. UH, SO YOU GOT HERE, THIS PEAK RIGHT HERE WAS THE FIRST WEEKEND, RIGHT? YEAH. AND THEN IN BETWEEN, AND THEN HERE WAS THE SECOND AGAIN, RIGHT? I, I DON'T HAVE TO HOVER THE WAY THAT APP WORKS. 12, I PROBABLY SHOULD HAVE LABELED IT FOR YOU, BUT, UH, YEAH, IT'S, IT'S SOMEWHERE IN THERE. I CAN TELL YOU THOSE THREE PEAKS. I CAN TELL YOU THOSE THREE PEAKS RIGHT THERE ARE NOT, UH, I LEARNED THE CRUISE CRUISE. THAT WAS, THAT WAS THE BIKER RALLY DAYS. UH, BUT YOU KNOW, MOST OF, MORE IMPORTANTLY IS REALLY IS LOOK AT THE DEVIATION OF ON THE HIGH END AND THE LOW END. IT'S REALLY JUST DEVIATION ABOUT, THAT'S, THAT'S KIND OF THE TAKEAWAY. IT DOESN'T JUMP OUT TO SAY THERE'S A HUGE ISSUE ON 16TH, CORRECT? YEAH. AGAIN, FOR THIS PARTICULAR SEGMENT OF THE ROAD, FOR THIS PARTICULAR TIME PERIOD. AND, BUT WE HOPE TO BE ABLE TO FURTHER ENHANCE IT. YOU KNOW, WE'VE GOTTA FIND WAYS TO CREATE SOME PERIODIC REPORTING THAT WE CAN BE LOOKING AT. UH, BUT, BUT YEAH, IT DOES PROVIDE QUITE A BIT OF DATA. IT ALSO GIVES US THE ALERTS. SO YOU, YOU MAY HAVE SEEN ON THE WAVES, YOU'VE GOT THE ABILITY TO SAY, HEY, THERE'S A TIRE ON THE ROAD, THERE'S A VEHICLE ON THE SIDE OF THE ROAD, UH, THERE'S A HAZARD OF ANY TYPE. UH, THEN THAT DATA CAN GO BACK TO US AND WE CAN, YOU KNOW, CREATE AN ACTIONABLE, RIGHT? SO, UH, ONE, ONE THOUGHT. SO, BUT THERE'S NOT A, WE, WE CAN'T REALLY GET, LIKE CAR COUNTS OUT OF THIS, RIGHT? YOU, YOU GET TRANSIT TIME. WE CAN'T NECESSARILY GET HOW MANY CARS PAST A CERTAIN POINT OR, OR ON, YOU KNOW, HOW MANY, HOW MANY CARS WERE ON 16TH ONE DAY VERSUS ANOTHER. YEAH. KIRBY'S NO, WE DO HAVE THE ABILITY TO ADD TRAFFIC COUNTERS TO THE SYSTEM, BUT, BUT IT'S ONLY CARS THAT USE WAZE. YEAH, WE'D HAVE TO, THAT'S, I THINK THAT'S, I'M JUST CONFIRMING, I WOULD ASSUME THAT WOULD BE ONLY WAYS. SO REALLY IT'S, IT'S VALUABLE IN THE SENSE OF, YOU KNOW, THE TRANSIT TIME. IF YOU, YOU KNOW, WHETHER THEY'RE USING WAZE OR ANOTHER APP, YOU'RE STUCK IN THE SAME TRAFFIC. EXACTLY. YOU'RE STILL, YOU'RE STILL IN THE SAME TRAFFIC USING THE, [00:50:01] NOT, IT'S JUST THE, THE COUNTS WE HAVE TO DO ANOTHER, ANOTHER WAY, ANOTHER WAYS, ANOTHER WAY TO GET THE TRAFFIC OUT, WHICH GETS INTO PART OF THE MOBILITY STUDY. RICHARD, ARE YOU STRETCHING OR DO YOU HAVE YOUR NO, HE'S BEEN TRYING TO, NO, I JUST WANTED, I JUST WANTED TO ASK JULIO, IF, IF YOU, I WOULD ENCOURAGE YOU TO CONNECT UP WITH BRANDON COOK IF, IF YOU HAVE A CHANCE BECAUSE WHAT THEY'RE FIXING TO DO WITH THE TRAFFIC LIGHTS, I'M PRETTY SURE IS GOING, GOING TO TAKE A LOT OF INPUT FROM LICENSE PLATE CAMERAS. IS THAT YOUR UNDERSTANDING? JEFF MAY HAVE, UH, JEFFREY'S GOT, HE STOOD UP. SO YEAH. RAISING TO SPEAK, I HAVE TALKED WITH BRENDA ABOUT THAT. HE, HE ASKED, YOU KNOW, LIKE WHO HE INVITED ME TO BE A PART OF, KIND OF THAT AND, AND EVERYTHING ELSE. AND WE CAN INVOLVE JULIO AS WELL TO SEE WHETHER OR NOT, UH, YOU KNOW, HOW, HOW THAT DOES, HOW IT GATHERS DATA AND WHATNOT. WHETHER THERE'S, YOU KNOW, UH, THINGS THAT WE CAN COMPILE DATA SOURCES. WELL, IT, IT SOUNDS LIKE IN ORDER TO CONTROL THE LIGHTS AND MAKE THEM SYNCHRONIZE, THEY'RE GONNA BE HANDLING HUGE AMOUNTS OF DATA THAT I'M ASSUMING THEY'RE JUST GONNA FALL AWAY. I MEAN, IT'S JUST GONNA GO THROUGH THE SYSTEM PROBABLY IT AI YEAH. YEAH. WE'RE CHANGING OURS TO MORE AI, BUT THE DATA HAS TO COME FROM SOMEWHERE. AND I'M PRETTY SURE IT'S GONNA COME FROM LICENSE. I THINK. I THINK THAT THEIR SYSTEM, AND I'M NOT COMPLETELY FAMILIAR WITH IT, MY UNDERSTANDING IS THEIR SYSTEM WILL COLLECT ITS OWN DATA AND THEN MAKE ITS OWN DECISIONS BASED UPON ITS OWN DATA COLLECTS. CORRECT. SO, BUT IF FOR, IF, IF WE COULD ALL WORK TOGETHER, AND, AND I'M NOT SAYING WE DON'T, BUT IF WE COULD LIKE, FIND A WAY TO, WE COULD ENHANCE THE WA DATA WITH ANOTHER INPUT LIKE, UH, LICENSE PLATE READERS WITHOUT HAVING TO IMPLEMENT OURSELVES LICENSE PLATE READERS. YOU KNOW, I THINK ON THE LICENSE, JEFFREY, GUIDE ME ON THIS FOR RICHARD'S THOUGHT, I FOR THE TRAFFIC LIGHTS, THEY'RE NOT READING LICENSE PLATES, THEY'RE JUST READING TRAFFIC COMING IN AND OUT. THEY'RE NOT SPECIFICALLY COUNTY CARS. YEAH. THEY'RE COUNTING CARS. OKAY. WELL, BUT THAT'S WHAT WE'RE TALKING ABOUT. YEAH. YEAH. COUNTY CARS. SO, SO, AND IT MUST, IT MUST KNOW WHERE THE CAMERAS ARE THAT ARE DOING IT. SO IF WE COULD JUST PICK A FEW SELECT CAMERAS AND, AND YOU, YOU'D BE ABLE TO EN EN ENHANCE THAT DATA POSSIBILITIES. AND IT'S A WASTE FOR CITIES DESIGNED FOR MUNICIPALITIES, RIGHT? SO, SO THE CITY CAN ALSO GO AND AND JOIN IT IF THEY USED TO. WELL, I'M GONNA BRING THAT TO THE CITY'S ATTENTION. YEAH, YEAH, YEAH. IT'S A, THEY, THEY'RE, AGAIN, THERE'S ONLY 1900 IN THE ENTIRE WORLD. I KNOW NOAH PORT IS DOING IT. UH, IN FACT, I RECALL A QUARTER OF MIAMI ASKING ME, THEY, THEY CAUGHT WIND OF IT FROM ROYAL AND THEN PORT MIAMI. AND THEY'RE ASKING ME, WELL, WHAT IS THIS? WHAT CAN YOU GET? UH, AND I ANSWER QUESTIONS AND THEY'RE ALL EXCITED ABOUT IT. THEY OBVIOUSLY HAVE A LOT OF TRAFFIC ISSUES THEY WANNA SOLVE. SO, SO IT'S, YOU KNOW, I THINK IT, I THINK IT'LL HELP US. IT IS DATA, RIGHT? IT, IT IS TRYING TO ANSWER CERTAIN QUESTIONS, UH, USING DATA. UH, YOU KNOW, AGAIN, I WANT TO, I WANT TO JUST KIND OF REPHRASE THAT. YOU GOTTA UNDERSTAND WHAT QUESTIONS CAN WE ANSWER, RIGHT? DON'T, YOU CAN'T ANSWER EVERY QUESTION, BUT WHAT QUESTIONS CAN YOU ANSWER WITH THE DATA? ONE OF THEM IS UNDERSTAND WHEN, WHEN YOU UNDERSTAND TRAVEL TIMES, YOU UNDERSTAND THE TRAVEL IMPACT AND WHAT'S DRIVING THOSE TRAVEL TIMES, RIGHT? UH, SO, SO THAT'S NEAT. THAT'S A NEAT FEATURE. THE HAZARDS ON THE ROAD IS A NEAT FEATURE. CONGESTION LEVELS, THEY, UH, WAYS USES A CERTAIN ALGORITHM OR FORMULA TO COME UP WITH CONGESTION LEVELS THAT WE'RE, WE'RE STILL TRYING TO UNDERSTAND. UH, BUT THAT'S NEEDED. AND, YOU KNOW, TO, TO MY FINAL SLIDE, IT IS REALLY, ALRIGHT, SO WHAT ARE THE OPERATIONAL USES OF THIS, UH, WORKING WITH, WITH VI NOVA ON, UH, ALLOWING THEIR SYSTEM TO CREATE SMS NOTIFICATIONS TO OUR TRAFFIC MANAGEMENT TEAM IN REAL TIME. SO, UM, WHETHER THAT'S A, A POLICE OFFICER ON CHIEF'S TEAM OR WHETHER THAT'S A TRAFFIC MANAGEMENT, UH, AGENT ON OUR TRAFFIC MANAGEMENT TEAM, THE ABILITY TO CREATE AN SMSI AND SAY, HEY, YOU'RE THIS SEGMENT JUST WENT OVER A CERTAIN THRESHOLD. MAYBE SOMEBODY WANTS TO GO TAKE A LOOK AT IT. RIGHT? UH, THAT'S, THAT'S USEFUL FOR THE OPERATION. UM, ALSO THE SMS NOTIFICATIONS IN, IN REAL TIME ON ROAD ALERTS, ROAD HAZARDS, UH, IT DOES SPIT OUT ACCIDENT DATA. IT DOES SPIT OUT, UH, QUICK STOPS, WHICH, WHICH ARE IMPORTANT TO LOOK AT NEAR MISSES. UM, DATA CAPTURE FOR TRAFFIC ANALYSIS. I MENTIONED THE ABILITY TO, UH, ADD DIFFERENT INPUTS, WHETHER THAT'S TRAFFIC COUNTERS OR CAMERAS OR OTHER WAYS TO INGEST THAT DATA AND ANALYZE IT. UH, SIGN MESSAGING INTEGRATION I MENTIONED. UH, AND AGAIN, THE ADDITIONAL INPUTS. [00:55:01] OKAY. I THINK JEFF HAD A QUESTION. AND WILLIE, I WOULD JUST SAY THIS IS REALLY COOL STUFF AND I THANK YOU GUYS FOR SETTING THIS UP TO REVIEW US AND THANK YOU FOR THE INITIATIVE TO MAKE THIS HAPPEN. IS THIS, ARE WE, DO WE ENCOURAGE WEBSITES THROUGH THE CRUISE COMPANIES FOR THEM TO USE WA SO CURRENTLY WE'RE WORKING ON A MARKETING PLAN TO PUSH IT EVEN MORE. OKAY. UH, BUT WE CURRENTLY DON'T HAVE A PLAN TO, UH, IN PLACE. BUT YEAH, THAT'S, WE DO PLAN TO KIND OF GET OH YEAH. KIND OF TELL THIS, THIS IS THE, YOU KNOW, ENDORSED BY THE PORT OF GALVESTON. ABSOLUTELY. WA IS THE CRUISE APP OF THE TRAFFIC APP OF THE PORT OF GALVESTON. IT'S INTERESTED, THEY, THEY'RE REALLY INTERESTED BECAUSE THEY, WHEN WE STARTED TALKING ABOUT THIS TO 'EM AND IT WAS KIND OF LIKE, WHAT IS THAT? YOU KNOW, THEY, THEY DON'T HAVE IT. NO, I, I WOULD JUST FINALLY, I WOULD JUST ENCOURAGE YOU GUYS TO KEEP PUSHING THIS AND KEEP BRINGING US SOLUTIONS AND OPPORTUNITIES FOR, YOU KNOW, CAMERAS AND THE MESSAGING AND THE DASHBOARD AND ALL AND INTEGRATING WITH THE CITY. I MEAN, I THINK ALL OF THOSE THINGS ARE REALLY COOL STUFF. 'CAUSE I KNOW WE GET, AGAIN, A LOT OF ANECDOTAL ISSUES AROUND, YOU KNOW, THERE'S TRAFFIC HERE AND USAGE OF THE ROWS AND THINGS. BUT I THINK THE MORE WE UNDERSTAND THAT THE MORE WE HAVE DATA, THEN THE BETTER, THE BETTER, BETTER WE CAN COMMUNICATE THE REAL SITUATION AND THE BETTER SOLUTIONS WE CAN PROVIDE. WELL, AND ONE THING THAT'LL COME OUT OF, YOU KNOW, THE TRAFFIC STUDY MOBILE STUDY WILL BE TRAFFIC COUNTS. RIGHT? RIGHT. AND SO WHEN YOU GET TRAFFIC COUNTS, RIGHT. I MEAN, IT'S A SNAPSHOT, RIGHT. BUT WHEN YOU GET TRAFFIC COUNTS, THEN YOU CAN COMPARE THIS DATA TO THE TRAFFIC ACCOUNTS YEAH. COUNTS TO SAY, OKAY, THERE'S, WE UNDERSTAND THERE'S 40% OF THESE TRAFFIC COUNTS. 'CAUSE WE'LL HAVE THE NUMBERS HERE YEAH. ARE USING WASTE. AND I KNOW HE'S TALKING TO LYFT AND THE OTHER, OTHER, YEAH. THAT'S, UH, THAT'S THE OTHER THING THAT WE PLAN ON DOING ON THE SHORT TERM. UH, I CURRENTLY HAVE AN AGREEMENT WITH LYFT. UH, WE JUST HAVE TO EXECUTE IT FOR DATA SHARING. OKAY. UH, WE KNOW FOR A FACT THAT, UH, OUT OF OUR GROUND TRANSPORTATION TRIPS THAT WE MANAGE, UH, TNCS ARE MAKING UP ABOUT 50% NOW. SO OF ALL THE PEOPLE THAT MEANS, IS THAT ALL THE GUESTS THAT ARE UTILIZING SOME TYPE OF COMMERCIAL TRANSPORTATION OPTION, TNCS, UBER, LYFT, UH, ARE THAT CHOICE? THAT'S A LOT. SO THAT MEANS THAT IT IS BECOMING INSIGNIFICANT, UH, YOU KNOW, UH, VOLUME IN OUR AREAS AND WE WANT . AND ALSO, I, I DON'T KNOW IF I COVERED AT THE BEGINNING, BUT WHEN WE SELECTED OUR WORKING AREA, WE SELECTED CAUSEWAY ON THE WEST SIDE FERRY ROAD ON THE EAST SIDE AND FROM BROADWAY TO THE PORT. RIGHT. WE, WE DO NOT GET ABSOLUTE ENTIRE DATA. THAT'S, THAT'S OUR WORKING AREA WHERE WE THEN ARE ABLE TO SELECT ROADS TO CAPTURE DATA FROM. SO JUST TO MAKE THAT CLEAR, GETTING ALL DATA OUT WAY. RIGHT. AND WE DON'T, WE DON'T, I JUST WANNA SAY THANK YOU FOR THE PRESENTATION. THIS IS VERY HELPFUL. AND CONSIDERING WHAT WE PAY LICENSING FOR DIFFERENT TYPES OF SOFTWARE YEAR IN AND YEAR OUT HERE AT THE PORT FOR ACCOUNTING OR WHATEVER, I THINK THIS IS A WELL SPENT $1,500. THERE'S A LITTLE BIT ABOUT LEARNING HERE TOO. I MEAN, IN REALITY, THERE'S SOME OF THE STUFF THAT WE'RE GIVING, WE'RE DOING, THEY'RE GIVING FEEDBACK TO THEM, IT HELPS THEM OUT, WHICH HELPS US OUT. TEMPATION. THANK YOU BRETT. BRETT, THESE DAYS, YES, AS YOU KNOW, AS THEY SAY, YOU CAN'T HAVE A HEALTHY PORT WITHOUT A HEALTHY HARBOR. UH, RECENT SURVEYS BY THE ARMY CORPS DOES SHOW THAT THERE IS SOME SHOWING AROUND THE BEND ENTRY IN THE HARBOR, AS WELL AS WHERE THE CHANNEL EXTENSION PROJECT, UH, WILL BE TAKING PLACE. FORTUNATELY, WE DO HAVE A HOPPER DREDGE OUT HERE, AND WE HAVE A SECOND ONE THAT'S GONNA BE ON HAND, UH, AND, UH, A FEW DAYS THAT'LL BE OPERATING UNTIL THE END OF THE YEAR. UM, AND THEN AT THAT TIME, UH, THE ACTUAL CHANNEL EXTENSION PROJECT LOOKS TO BEGIN AROUND JANUARY 15TH. THAT'LL LAST ABOUT, UH, EIGHT MONTHS. SO WE'RE LOOKING OKAY. WE'RE ABLE TO MOVE SOME OF THE SHIPS. UM, BUT IT IS FORTUNATE THAT WE DO HAVE ENOUGH FUNDING. WE DO HAVE TWO RIDGE THAT WILL BE ADDRESSING THE HIGHS BUTS, AND WE, WE THINK ALSO WE HAVE SOME, UH, NEEDS, UH, FOR BIRTH. I MEAN, LOW COPPER FOR ONE IS ASKING. YES, I, YES SIR. YES, SIR. OH, I WAS JUST GONNA ASK ABOUT THE GOLF COPPER, UH, WHAT THEIR DREDGE NEED. CORRECT. SO THEY NEED ABOUT 15,000 CUBIC YARDS. SO I'M WORKING WITH CALL MARINE TO SEE IF THAT'S SOMETHING THAT WE COULD PLACE INTO OUR PLACEMENT AREA. UM, WE DID DO SOME WORK IN THERE, BUT IT'S UNKNOWN EXACTLY HOW MUCH CUBIC YARDS WE CAN PLACE IN THERE. I DO HAVE SEVERAL PRIORITIES. SOME OF THE PRIORITIES WILL EXCEED WHAT THE PLACEMENT AREA CAN HANDLE. HOWEVER, WE WERE WORKING, WE ARE WORKING CAL MAR SEE WHAT WE CAN PUT. IF YOU LOOK ON THE SLIDE THERE, YOU'LL SEE THE AREAS THAT WE GENERALLY DREDGE WITH THE EXCEPTION OF, OF GOLF, COPPER. THEY KIND OF DO THAT ON THEIR OWN. UM, BUT TO GO WITH, WE HAVE TWO OPTIONS. [01:00:01] THE FIRST OPTION IS TO HAVE OUR LEVEE CONSTRUCTION TAKE PLACE. IT'S BEEN DELAYED BECAUSE OF THE SLIP FOOT PROJECT. THE WATER, UH, MANAGEMENT WOULD BE USING OUR PLACEMENT AREA. THAT HAS CHANGED RECENTLY, SO WE MIGHT BE ABLE TO GET IN THERE SOONER. UH, SO WE CAN GET OUR LEVEE RAISED HOPEFULLY WITHIN THE NEXT MAYBE SIX MONTHS, SEVEN MONTHS. UH, OPTION B IS, I SUBMITTED A TWO 17 B APPLICATION TO THE ARMY CORPS TO ALLOW US TO PUT OUR MATERIAL INTO THEIR PLACEMENT AREA. IF YOU RECALL, WE'RE GOING TO BE DREDGING PIER 15, WHICH RIGHT NOW LOOKS TO BE PROBABLY CLOSE TO ABOUT A HUNDRED THOUSAND CUBIC YARDS FOR THE USS TEXAS. THAT'S REALLY GONNA REALLY, UH, STRESS OUR PLACEMENT AREA. SO THAT REALLY NEEDS TO GO INTO THE FEDERAL PLACEMENT AREA. THE FEDERAL PLACEMENT AREA WILL HAVE, WILL HAVE ABOUT 5 MILLION CUBIC YARDS. THE CURRENT PLAN IS ABOUT 3.6 MILLION YARDS FOR THE HARBOR ITSELF, AND THEN PROBABLY ABOUT ANOTHER MILLION YARDS, UH, FROM US AS WELL AS GULF COPPER WHEN THEY DO THEIR 300,000 AS WELL AS TEXAS INTERNATIONAL. BUT TO ANSWER YOUR QUESTION, WE'RE STILL WORKING TO SEE IF IT'S SOMETHING THAT WE CAN PUT WHAT THEY NEED OF THEIR EMERGENCY DREDGING THAT THEY NEED INTO OUR PLACE TOGETHER. OKAY, THANK YOU. SO, AND WE'RE AT , WE'RE GETTING READY TO DREDGE THE WATER OUT OF THE WEST END, SO WE GOTTA MAKE SURE, I MEAN, WE'RE COVERED ON THAT. AND THAT'S HERE IN LIES, THIS NEW AMPHIBIOUS EXCAVATOR, AND ITS, YOU GOTTA KEEP THE DITCH CLEAN RIGHT NOW. UH, MAYOR, UH, THE PIER 15 ING, IS THAT PAID FOR BY THE USS TEXAS GROUP OR IS THAT SOMEWHERE WE ARE NOT ANTICIPATING TO PAY THAT. OH, GOOD. OKAY. GOOD. WHEN QUESTION, WHEN, WHEN, UH, UNDER THAT TWO 17 B APPLICATION, IF THAT'S GRANTED, DOES THE DEPOSITOR OF THIS, THE SPOIL PAY, UH, PER DUE REGARD TO THE FEDERAL GOVERNMENT TO YES, THAT WILL BE, THAT WILL BE US, YES. ON THERE, ONE OF THE REQUIREMENTS, JUST SO EVERYBODY KNOWS, FOR, FOR FUTURE OF NEXT MONTH, UH, I'LL BE PRESENTING A, UM, PROFESSIONAL ENVIRONMENTAL, UH, CONTRACT, UH, TO DO THE MENT TESTING. THAT'S A REQUIREMENT FOR US TO PUT OUR, OUR MATERIAL INTO THE FEDERAL PLACEMENT AREA. BUT YEAH, FOR THAT, THAT WILL BE WITH US. HOWEVER, THERE ARE TWO OTHER TWO 17 B APPLICATIONS TO GULF COPPER AS WELL AS TEXAS INTERNATIONAL. THOSE WILL BE PAID BY THEM, THOSE TICKET FEES. OKAY. ALRIGHT. WE'RE IN PROJECTS NOW. OKAY. JEFFREY, THIS IS ONE OF THE NEWER PROJECTS. UM, , TELL US MORE. BUT WE HAVE THE MAYOR'S FAVORITE SLIDE. I GUESS THIS IS JEFF'S RIGHT? . OH, YES. MORNING, JEFF. I'LL BE HAPPY TO GET THIS ONE OFF THIS SLIDE DECK. YEAH. UM, UH, SO, SO THIS ONE, WE, WE ARE, UH, PREPARING OURSELVES TO GO OUT THE BID THE FIRST PART OF JANUARY. YOU KNOW, ONE OF THE THINGS THAT YOU HAVE THERE, THE NEW PICTURE ON THE SLIDE IS SOME OF THE STUFF THE ARCHITECTS WERE WORKING WITH THAT FLOOD WALL AROUND THE ESCALATOR AND STAIR BASE ON, UH, THE SIDE. SO THAT WAS ONE OF THE THINGS WE WANTED TO DO IS HAVE REDUCE THE AMOUNT OF REMOVABLE FLOOD THROUGH ALL, WHICH WAS ONE OF THE FEEDBACKS WE GOT FROM THE CONTRACTORS. SO THAT WOULD BE A BETTER WAY TO APPROACH THAT. SO, SO WE WERE IMPLEMENTING THE FEEDBACK THAT THE CONTRACTORS HAD GIVEN US TO TRY AND HELP US REDUCE THE PRICE. AND THAT'S ONE OF THE, THE FRUITS OF THAT LABOR WAS, WAS THAT, THAT CABINET UP THERE. UM, AND YES, HAS IT ALWAYS BEEN PONY WALLS OR IS THAT A NEW TERM? UH, YOU KNOW, PONY WALL IS REALLY, IT IS SLANG. UM, AND IN THIS CASE, WHAT WE DID IS WE REPLACED A REMOVABLE WALL WITH A CONCRETE WALL AND, AND REDUCED THE AMOUNT OF REMOVABLE WALL, WHICH REDUCED THE QUANTITY OF THE MORE EXPENSIVE REMOVABLE WALL SYSTEM VERSUS A CONCRETE WALL SYSTEM. UM, AND ALSO, HONESTLY, FROM OUR OPINION, ALSO IMPROVED OUR OPERATIONAL RESPONSE TIME, BECAUSE WE ONLY HAVE TO PUT UP A FEWER SEGMENTS OF WALL. OKAY, THANK YOU. YES, YES. UH, WAR ROAD 23RD, THE 20TH STREET. THIS PROJECT IS PROGRESSING WELL. THERE, THERE, THERE, UH, YOU KNOW, WE, ON DECEMBER 6TH, WE IMPLEMENTED OUR NEXT, UH, TRAFFIC CONTROL PHASE, WHICH, UH, UH, BEFORE WE WERE CIRCULATING CT 25 TRAFFIC IN ON, UH, IN, ON 23RD STREET COUNTERCLOCKWISE THROUGH THE GROUND TRANSPORTATION AREA. AND BACK OUT ON 23RD STREET ON DECEMBER 6TH, WE SHIFTED THAT BECAUSE THEY, WE HAVE TO DO A LITTLE BIT OF WORK THERE JUST TO WEST OF, UH, 23RD STREET TO INSTALL A STORM SEWER AND SOME PAVEMENT. SO THIS, THIS PHASE IS ABOUT, UH, THREE OR FOUR WEEKS LONG. AND RIGHT NOW THAT TRAFFIC ENTERS 23RD STREET AND EXITS, UM, 33RD STREET. UM, AT THE END OF THE YEAR, WE'RE GONNA SHIFT IT BACK AND IT'S GONNA BE A, A, A COUNTERCLOCKWISE LOOP THERE UNTIL WE ARE ABLE TO OPEN UP, UH, 22ND STREET AGAIN FOR THE EXIT. UH, IN WHICH CASE WE'LL COME IN 23RD STREET AND EXIT ON 22ND STREET. BUT, UH, MAYBE THAT'S A MOUTHFUL, BUT, BUT THAT'S KIND OF WHAT'S HAPPENING ON THE TRAFFIC CONTROL SIDE OF THINGS. [01:05:01] BUT PROGRESS ON THE UTILITIES IS, IS STILL WORKING. UH, WELL, AND THE PAVES, UH, A DM GRAIN TOWER, UH, THAT PICTURE IS THE, THE, THE REMAINING AMOUNT OF, UH, UN CRUSHED CONCRETE THAT, THAT WE HAVE TO, TO GET THROUGH. UM, WE'RE ANTICIPATING BEING DONE WITH THAT AT THE END OF THE YEAR, BUT THAT'S, IT IS DEPENDENT ON THE WEATHER AS WELL. 'CAUSE THEY CAN'T DO A LOT OF CRUSHING ACTIVITIES WHENEVER IT GETS TOO WET. UM, SO THAT'S REALLY, I MEAN, AS FAR AS PROGRESS, WE'VE GOT ABOUT 5% LEFT. AND, AND THE CR CONTINGENCY, WE, WE WE'RE ONLY, UH, SPENDING ABOUT 27%, UH, P 38, 39. THIS IS THE, THE, THE, THE SLIP WE ARE FILLING, UM, ON, UH, THE, THE WEST END. UH, AS YOU CAN SEE, THE, THE WORK ON THE CLOSURE STRUCTURE IS DONE. THE DREDGING, YOU KNOW, PIPELINES ARE IN PLACE. AND, AND RIGHT NOW, UH, WE ARE, WE'RE WORKING WITH, UH, TEXAS GOLF AND CALL MARINE, THEIR SUB ON THE BORROW AREA THAT THE, THE FIRST BORROW AREA THAT THEY, THEY HAD ANTICIPATED, THEY, THEY WENT BACK OUT AND THEY TOOK A LOOK AT IT. THERE'S A LOT MORE FINES. UM, THERE'S, THERE'S LIKE A LAYER OF SILT OVER TOP THE, THE GOOD SAND THAT WE REALLY WANTED FOR THE SLIP. SO THEY WENT BACK, TOOK A LOOK AT THEIR SECOND BORROW AREA THAT HAD A LOT BETTER BORINGS. THE PROBLEM IS, IS THAT THEY DIDN'T HAVE THEIR PERMITS IN PLACE FOR THAT SECOND BORROW AREA. THEY HAD 'EM IN PLACE FOR THE FIRST. AND SO THEY'RE WORKING ON FINALIZING THEIR PERMITS SO THEY CAN BORROW FROM THAT SECOND AREA, WHICH HAS A LOT BETTER COURSE, UH, SAND AND IT. AND SO, UH, I JUST GONNA, SO WHERE IS THAT BORROW AREA? THEY ARE, YOU KNOW, I DON'T HAVE A PICTURE. IT, THEY'RE WEST BAY, YOU KNOW, IT'S KIND OF NORTH OF NEW PARK GENERALLY SPEAKING. NEWPORT IS PORT INDUSTRIAL. OH. SO YEAH, I NEW, SO WEST OF, WEST OF THE ISLAND BRIDGE NORTH OF KIND OF THE, THE, THE INDUSTRIAL PROPERTIES OUT THERE. BORROW IS PROBABLY NOT A GOOD TERM. I WAS GONNA SAY THIS, WE DON'T GIVE IT BACK. THIS IS, THIS IS KIND OF LIKE, CAN I BORROW A BORROW A P? YOU'RE NOT GONNA GIVE IT BACK. YEAH, IT'S NOT, WE'RE NOT PLANNING ON GIVING IT BACK. BUT THAT IS THE TECHNICAL TERM. YEAH. IT'S THE BORROW AREA IS THE AREA YOU'RE DIGGING FROM TO, TO, TO, TO BUILD. IT MAKES SENSE TO ENGINEERS. ROGER, NOT TO COUNT. NO, I KNOW. YOU DON'T BORROW ANYTHING. THAT, TO CREATE LIABILITY, THAT WAS ONE OF THE THINGS, YOU KNOW, IT'S AN ENGINEERING TERM AND THE, YOU GOTTA FIGURE OUT, WHENEVER YOU BORROW IT, IT FLUFFS UP AND YOU HAVE TO UNDERSTAND HOW MUCH MATERIALS GONNA FLUFF OFF AND ALL THAT. THERE'S, THERE'S A REASON . OKAY. UM, SO, SO WE, THEY'RE ANTICIPATING THAT, THAT GETTING, YOU KNOW, GETTING THAT PERMIT SOMETIMES BEGINNING OF THE YEAR, UH, 15TH OF JANUARY, OUR BEST ESTIMATE ON THAT. AND WE'LL GET STARTED SHORTLY AFTER THAT. UH, PIER 39, 3 1, THE TECH DOT PROJECT RIGHT NOW. NOW I'M EXCITED ABOUT THESE TWO. IT'S 20 MILLION, OUR CASH FLOW, RIGHT? GET THESE TWO PROJECTS FINISHED NEXT YEAR. AND AS SEXY AS THE CRUISE BUSINESSES, THIS IS ACTUALLY, I FIND THIS JUST A FANTASTIC INVESTMENT. YEAH. AND YOU CAN SEE ON THIS, THIS SLIDE HERE, I KNOW ONE OF THE QUESTIONS WAS IS LIKE, WHAT WILL THIS LOOK LIKE? AND YOU CAN KIND OF SEE THAT SLIVER ACROSS THE TOP OF, UH, PIER 41. THAT, THAT'S KIND OF JUST APPROXIMATELY GONNA BE THAT APRON THAT CROSSES THAT SLIP BEHIND THAT NEW, NEW BULKHEAD. AND THEN THE AREA THAT YOU DON'T SEE ANY PAVEMENT ON RIGHT NOW, THAT'S WHERE THEY'VE BEEN INSTALLING THOSE, UH, SHEET PILE, ANCHOR WALL, AND THE, THE TIEBACKS THAT, THAT'S ALL GONNA GET NEW PAVEMENT ON IT AS WELL. I ASSUME THOSE LITTLE, LITTLE WHITE DOTS ON THE LEFT THERE, THOSE ARE AERATORS THERE. UH, YES. YES. TERMS, YEAH. YOU'VE GOT, UH, THE BRIGHTER DOTS ARE THE, THE SURFACE AERATORS, AND THEN THE, THE, THE DARKER DOTS ARE THE, THE SUBMERGED BUBBLERS, UM, UH, OLD PORT INDUSTRIAL ROAD. 33RD STREET, 41ST STREET. UM, THE MAIN PROGRESS ON THIS IS THAT, YOU KNOW, CENTER POINTS GETTING CLOSER TO COMING OUT AND RE THOSE POLES SOUTH OF THE ROAD. SO THAT'S WHAT I INCLUDED ON THE SLIDE HERE. IT'S VERY HARD TO SEE. SO ADDED THE ARROWS, BUT, BUT ALL THOSE POLES ON THE SOUTH SIDE OF THE ROAD ARE GONNA GET SHIFTED FURTHER SOUTH, UM, AS PART OF THIS PROJECT, BECAUSE WE'VE GOTTA ADD THAT ADDITIONAL LANE TO THAT SEGMENT OF ROAD. THIS IS AT 40, GATE 40 AND THE COURT, THAT'S WHERE THAT PICTURE RIGHT THERE, I THINK I, I THINK I MENTIONED THIS LAST TIME THAT, YOU KNOW, I WENT TO, UH, RECEPTION, THE SENATE WARRANT WAS THERE AND I COMPLAINED ABOUT, UM, THE COST OF THIS. THEY CAME BACK TWO DAYS LATER AND SAID, WE'LL DO IT FOR NOTHING GOOD FOR YOU. COUPLE HUNDRED THOUSAND DOLLARS WORTH COMPLAINT. THAT PROJECT, IT LOOKS LIKE, YOU KNOW, BEFORE WE'RE REPORTING, UH, BID TIME OF, OF MID 2026. HOWEVER, WE WE'RE ANTICIPATING A SHIFTING UP INTO EARLY 2026 BECAUSE CENTER POINT'S BEEN GETTING CLOSER TO, AND THEY'RE NOT YET. ALRIGHT. UH, CREW STORM 16, UH, ENGINEERING, WE'RE WORKING ON FINALIZING SOME OF THE PUNCH LIST ITEMS. WE HAVE A MEETING, UH, [01:10:01] LATE LAST WEEK ON A COUPLE OF PUNCH LIST ITEMS THAT WE STILL GOT. YOU KNOW, WE'VE GOT ABOUT A DOZEN OF THEM THAT WE STILL GOTTA FIGURE OUT WHICH, WHERE WE WANT TO GO ON. AND, UH, I THINK THERE'S LIKE 400 PUNCTUAL ITEMS. I THINK THEY'RE DOWN TO LESS THAN A HUNDRED THAT WE'RE WORKING ON CLOSING OUT. UH, THERE'S, UH, SO, SO WE'RE WORKING THROUGH THAT. UH, AND I KNOW AS, AS IT'S PART OF THAT, SOME OF THOSE BUNCH ITEMS, THERE'S ALSO SOME OF WORK WE HAD TO DO. UH, I I PLAN ON BRINGING SOME BACK TO Y'ALL IN JANUARY TO KIND OF CLOSE OUT THAT, THAT THAT CONTRACT. I DON'T KNOW EXACTLY, UH, THE NUMBER YET, BUT WE'RE WORKING THROUGH WHAT ALL THIS WELL, AND CORRECT ME IF I'M WRONG, WE BELIEVE THAT IT'LL BE ABOUT $500,000 LEFT IN THE BONDS, IN THE BOND MONEY WHEN THIS IS ALL SAID AND DONE. SAID AND DONE. YEAH. AND WE'RE HOPING TO GET THAT PUT ON BOND MARKET BONDS PLUS INTEREST EARNED. EXACTLY. WE'RE HOPING TO GET SOME OF THAT ON THIS WALL. UH, CREWS FROM ON 16 PASSENGER BOARDING BRIDGES, UH, ADULT IS ON SITE KIND OF FINALIZING THE COMMISSIONING OF, OF, OF THOSE. THEY, THEY DID, ONE OF THE LATE ITEMS WAS, IS, UH, GENERAC HAD, UH, GENERATORS THAT, THAT WERE BEHIND SCHEDULE. THEY DID DELIVER THOSE LAST WEEK AND THEY'RE ON, ON BOARD. AND SO DELTA IS WORKING THROUGH SOME OF THE FINAL COORDINATION WITH THOSE AND, UH, THE SYSTEMS. AND THOSE WERE JUST FOR THE, THOSE JUST FOR, UH, CRUISE TERMINAL 16, UH, MARINE WORK. UH, WE'RE WORKING ON CLOSING THIS ONE OUT RIGHT NOW. WE'RE, WE'RE ACTUALLY DIVING INTO THE DETAILS ON THOSE THREE OUTSTANDING CHANGE ORDER REQUESTS AND ANTICIPATE THE MEETING TO BRING SOMETHING BACK TO Y'ALL ON THIS ONE AS WELL AS WE'RE, UH, OUT OF OUR, UH, BOARD PROOF CONTINGENCY ON THIS PROJECT. SO, UM, DON'T HAVE THE EXACT FIGURE, BUT, BUT I BRING THAT BACK TOGETHER IN JANUARY. QUESTION, JEFF, WHEN DO WE THINK WE'LL HAVE KIND OF A FINANCIAL CLOSURE? I MEAN, I KNOW IT'S GONNA BE A BIT, WE GOT SOME AND RETAINAGE AND EVERYTHING, BUT AS FAR AS KIND OF THE SUMMARY OF HERE'S WHAT, HERE'S WHAT THE, THAT WHOLE PROJECT COST? YEAH, I THINK WE'RE PRETTY CLOSE. WE'VE BEEN WORKING ON LIKE, JUST DRAFT THINGS RIGHT NOW. AND, UM, I I, I WOULD SAY, I MEAN, FROM MY PERSPECTIVE, AND I KNOW IT'S PROBABLY JANUARY OR WE, WHAT WE INTENDED TO DO, REMEMBER HOW WE BROUGHT 25 TO YOU? WE, WE SHOWED THIS IS WHAT WAS SPENT AND CAPITALIZED AND WE STILL HAD CVP AND A FEW OTHER THINGS THAT WE HAD TO PAY. WE INTEND TO BRING YOU A SCHEDULE LIKE THAT IN JANUARY. IT'S, IT'S, UH, THERE'LL STILL BE SOME MONEY UNKNOWNS AND SOME UNSPENT MONEY, BUT BASICALLY WE'LL SHOW YOU WHERE WE ARE. UM, AND, UH, WHAT ALL BE BROKEN DOWN BY, BROKEN DOWN BY COMPONENTS, WHAT'S LEFT TO BE DONE SO WE CAN IDENTIFY ON A SINGLE PAGE. THIS IS STUFF WE STILL HAVE TO DO, UH, BE IT RETAINAGE OR BE IT, UH, SOMETHING ELSE THAT THEY'RE STILL WORKING ON. YEAH. UH, MAYBE CBP. YEAH, I MEAN, RIGHT NOW THERE, THERE'S, WE'RE WORKING ON SOME ISSUES WITH THE ROLL OF DOORS OUT THERE. AND THEN WE, THERE'S ALSO, UM, WE KNOW THERE'S SOME WORK WITH SIGNAGE THAT WE NEED TO DO, AND I THINK WE'RE GONNA DO SOME OF THAT THROUGH THE CONSTRUCTION MANAGER AND SOME OF IT PROBABLY JUST WITH THE SIGNAGE. SO, SO THOSE ARE SOME OF THE THINGS WE'RE WORKING THROUGH. I JUST HAVE TO SAY AGAIN, YOU KNOW, WE DON'T HAVE THE FINAL NUMBERS, BUT THIS WAS A VERY IMPRESSIVELY DESIGNED AND EXECUTED PROJECT. WELL, I'D JUST LIKE TO FOLLOW UP. IT'S IN 15 MONTHS WE WENT FROM MOVING BANANAS TO MOVING PEOPLE. THAT'S REALLY FROM A, FROM A COST STANDPOINT, FROM A SCHEDULE STANDPOINT. AND JUST, I KNOW THAT, AGAIN, ANECDOTAL FEEDBACK, PEOPLE REALLY LIKE THE TERMINALS. REALLY WELL DONE. IT'S REALLY A NICE, SO KUDOS TO, TO THE TEAM FOR DELIVERING A FIRST CLASS ASSET ON TIME, ON MAY, A LITTLE UNDER BUDGET AND RIGHT ON TIME AND SAFELY AND OWNED BY THE PORT AND OWNED BY THE PORT. THAT'S THE, SO, YOU KNOW, THE FINANCIAL ASPECTS THAT YOU GUYS GUYS GOT AS WELL. THIS IS SOMETHING TO BE VERY PROUD OF. THIS IS NOT, I WOULD SAY NORMAL, BUT I MEAN, YOU CAN FIND, WE'VE GOT THE ENGINEERS BACK IN THE BACK THERE. YOU CAN FIND A LOT OF PROJECTS THAT WOULD, WOULD LIKE TO HAVE THE PERFORMANCE OF THIS PROJECT. THANK YOU. UM, CONSTRUCTION AND MAINTENANCE, UH, QUICK LOOK AT THE NUMBERS THERE. 1600 WORK ORDERS GENERATED. 1,533 COMPLETED TO DATE. I KNOW ABOUT 84 OPEN. AND YOU KNOW, LIKE THAT, THAT OPEN NUMBER, I'D LIKE TO SEE IT GO UP, RIGHT? 'CAUSE THE MORE OPEN WE HAVE, YOU KNOW, AS LONG AS WE KEEP GENERATING MORE AND MORE WORK ORDERS, THE MORE EFFICIENT WE CAN GET A ACCOMPLISHING THOSE. SO I THINK IT'S GOOD THAT THE NUMBERS ARE GOING UP AS FAR AS WORK ORDERS CREATED WORK ORDERS COMPLETED, UH, YEAR TO DATE. YOU TALKED ABOUT YOUR NEW SYSTEM. YEP. IS THAT IN CLOSE TO BEING IMPLEMENTED OR? [01:15:01] RIGHT NOW WE'RE LOOKING AT, YOU KNOW, MID TO LATE FIRST QUARTER FOR, FOR, FOR KIND OF A GO LIVE TIME. UM, UH, AND LIKE YEAH, IT'S, IT'S, UH, DEFINITELY A LOT OF WORK AND, AND, AND HAVING KIND OF A LEAN STAFF, YOU KNOW, THERE'S, THERE'S SOME THINGS WE'RE WORKING THROUGH. I MEAN, BECAUSE BASICALLY WHAT HAPPENS IS, AS IN THAT SYSTEM, AS YOU CREATE WORK ORDERS, YOU ALWAYS HAVE TO HAVE SOMETHING TO CREATE IT AGAINST. SO WE'VE GOTTA MAKE SURE WE'RE CREATING THE RIGHT ASSETS THAT WE CAN THEN TASK WORK AGAINST. AND SO THERE'S A LOT OF DIFFERENT, LIKE LITTLE THINGS AS WE KIND OF GO THROUGH AND FIGURE OUT THE SYSTEM THAT'LL, THAT'LL GIVE US BETTER DATA ON THIS. AND I THINK ALSO IT ALLOWS US TO TRACK, YOU KNOW, VERSUS WE TALK ABOUT THE PRODUCT LINE SUMMARY, RIGHT? YOU CAN BETTER TRACK WHAT YOU GUYS ARE WORKING ON OR AGAINST A CERTAIN PRODUCT LINE. SO WE GET RID OF SOME OF THAT, HOPEFULLY GET, YOU KNOW, DIG INTO MORE OF THAT UNALLOCATED WORK. AND ONE OF THE BIG THINGS THAT I KNOW THE TEAM IS LOOKING FORWARD TO IS REOCCURRING WORK ORDERS. SO THE SYSTEM WILL AUTOMATICALLY GENERATE THOSE ONCE WE SET 'EM UP TO THIS IS A QUARTER OF THE ITEM. MONTHLY ITEM. EXACTLY. AND I THINK THAT IN ITSELF, WELL, YOU'LL SEE THAT WORK ORDER NUMBER GO UP, YOU KNOW, JUST BECAUSE OF THAT, THE LOAN. BUT IT MEANS YOU, IT MEANS YOU DON'T, BUT IT MEANS YOU DON'T FORGET TO DO ROUTINE STUFF OR SOMEBODY HAS TO REMEMBER IT. SO, YEAH. SO WE'RE EXCITED ABOUT IT. WELL, SO, UM, SOME OF THE WORK THERE THEY'RE DOING OUT THERE, AND THIS IS, YOU KNOW, EVEN AS WE OPEN THE TERMINAL AND STUFF, THERE'S SOME ADDITIONAL STRIPING THAT NEEDED TO BE DONE SEEING HOPPED ON THE SPOT AND GOT THAT STUFF DONE. UM, P 14 FENCE REPAIR, YOU KNOW, FENCE REPAIRS. ONE OF THE THINGS THAT THE TEAM DOES REALLY WELL, SO WE HAVE OUR OWN EQUIPMENT STRIPING AND, UM, IT'S NOT CHEAP EITHER. THIS AREA, YOU KNOW, WE, WE'VE WE'VE, THERE'S AN ITEM ON TODAY'S, UH, UH, AGENDA TO, TO ENHANCE OUR INTERNAL CAPABILITIES AND OUR DRUDGE PLACEMENT AREA. BUT THIS IS SOME OF THE WORK YOU CAN SEE THAT'S BEEN GOING ON. YOU CAN SEE THAT TINY LITTLE YELLOW LINE IN THE MIDDLE THERE. THAT'S THE, THE, THE, UH, EXCAVATOR WE HAVE ON RENTAL, THE AMPHIBIOUS EXCAVATOR WE HAVE ON RENTAL AND ALL OF, BASICALLY THERE'S, THERE'S DITCHES ALL THROUGHOUT. AND WHAT THEY'RE KIND OF DOING RIGHT NOW IN THIS PICTURE WAS KIND OF OPENING UP AND, AND BORROWING , I SAY THAT WORD AGAIN. YOU KNOW, THE MORE MATERIAL TO TO, TO TAKE IT OUT OF THE LOWER PARTS OF THE PLACEMENT AREA AND STACK IT UP. AND THAT GIVES US MORE CAPACITY TO, TO PLACE ADDITIONAL MATERIAL IN THERE. AND EVENTUALLY IT'LL LOOK LIKE A STRIP MINING OPERATION. BUT, BUT IT HAPPENS, YOU KNOW, KIND OF LITTLE BY LITTLE OVER THERE. SO, SO WE'RE EXCITED THAT THAT'S SOMETHING WE'LL BE ABLE TO TAKE MORE IN-HOUSE, YOU KNOW, GOING INTO 2026. JEFF, IF YOU HAD TO GUESS WHAT THE ELEVATION IS THERE, LIKE SAY ON THAT ROAD, WHAT, WHAT DO YOU THINK THAT WOULD BE? UM, ON, ON TOP OF THE LEVEE? YES. UH, I WANT TO SAY IT'S CLOSE TO LIKE 20 REALLY? ELEVATION 20. YEAH. INTERESTING. MAYBE IT MIGHT BE 18 OR SO, BUT IT'S, YES. AND THAT PUTS INTO PERSPECTIVE OF HOW FULL IT'S, YEAH. WOW. IF YOU GO OUT THERE AND LOOK AT IT AND, AND I WAS OUT THERE LAST MONTH, YOU GOT TO LOOK AT WHERE YOU ARE STANDING ON THAT, UH, LEVEE AND THEN WHERE THE LEVEL OF THE DIRT IS. YOU KNOW, YOU DON'T, WE GOT, WHAT, WHAT HAPPENS THERE IS, IS, AND I KNOW THIS ENOUGH TO BE DANGEROUS, IS ALL THAT STUFF EVENTUALLY IS GONNA BE PUSHED TO THE SIDE. AND SO YOU CAN BE, YOU CAN SEE THE BEGINNING OF THE DITCH THERE, AND THEN HE'S WORKING A, A, A SEGMENT OF THAT, AND THEN HE'LL COME BACK HERE AND WORK ANOTHER SEGMENT OF IT AND CONTINUE TO MOVE IT TO THE LEVEE AND THEN, THEN THAT, AND WE'LL BE ABLE TO TAKE MORE MATERIALS. YOU'RE TALKING, THE ROAD WE BUILT IS 20, BUT LIKE, SO, SO LIKE WHAT YOU SEE RIGHT HERE IS LIKE, THIS IS OUR LEVEE RIGHT HERE WITH THIS BRUSH ON IT. AND THERE'S LIKE THIS LOWER ROAD THAT I WOULD ESTIMATE IT'S PROBABLY AROUND LIKE 12 ELEVATION, 12 OR SO. AND THIS UP HERE IS ABOUT, YOU KNOW, 20 OR SO, YOU KNOW, WE'VE GOT LIKE 10 OR 15 AND, AND IT VARIES ALL OVER, RIGHT? I MEAN, PEAN ISLAND GENERALLY SOMEWHERE IN THIS AREA IS THE HIGHEST PART OF PELICAN ISLAND. AND THEN IT ACTUALLY DECREASES IN ELEVATION ALL THE WAY BACK UNTIL YOU GET TO THE PORES LEVEE, AND THEN IT HOPS UP AGAIN. OKAY. SO LIKE, THERE'S, THERE ACTUALLY IS A DRAINAGE DITCH THAT FLOWS NORTH RIGHT HERE. IT FLOWS NORTH AND OUT TO THE BAY OVER HERE BECAUSE, BECAUSE OF THAT NATURAL SLOPE TO THE NORTH, NOT NATURAL IS CREATED BY, SO THE POAGE THERE A LITTLE BIT DARKER HUH? RATTLE SINKS. YOU TELL ME THERE'S SOME RATTLE SNAKES THAT LIVE, THERE'S RATTLE SINKS. THERE'S COYOTES, THERE'S FOUR, THERE'S, THERE'S FOUR. YEAH. IS THE CORE, UH, SPOILED SITE. HOW MUCH MORE CAN THEY TAKE? RIGHT THERE WE'RE ABOUT 88 ACRES OR 1200 ACRES. YEP. THEY'LL, WE WILL, WE CREATED ABOUT 350,000 CUB YARDS. THAT'S WHAT WE PUT INTO IT. UH, BACK IN, UH, APRIL, 2024, THE ARMY CORPS PELICAN ISLAND SITE WILL BE 5 MILLION. YEAH. YOU KIND OF SEE THE MAP UP THERE THAT WE KIND OF WE'RE THE LITTLE, LITTLE BROTHER WHO, WHO USED THEM. CORRECT. THAT'S FOR THE FEDERAL HARBOR, THE GAL ENTRANCE [01:20:01] CHANNEL, AS WELL AS WE HAVE APPLICATION FOR ABOUT 250,000 CUBIC YARDS, 300,000 OF COPPER AND ABOUT 300,000 FOR TEXAS INTERNATIONAL. SO IT'S PRIVATE, UH, CORPORATIONS OF THE PORT, BUT MAINLY FOR THE HARBOR, THE FEDERAL HARBOR AND THE, UH, GAL ENGINE CHANNEL. AND THEY HAVE THE EAST END FLATS ALSO? THAT IS CORRECT, YES. THEY'LL BE WORKING ON THAT IN 2026. THAT'LL BE READY IN 2027 TO BE USED IN 2028. THAT'LL BE ABOUT 2.8 MILLION CUBIC YARDS AVAILABLE. BUT THEY PREFER TO USE A HOPPER WHENEVER POSSIBLE. CORRECT. WHENEVER THEY DO THE INTERMITTENT EVERY OPPOSITE YEAR. YES. OKAY. YEAH, TAKE IT OFF. SHORT QUESTION ABOUT THE BATTLESHIP TEXAS WOULD USE. WHICH WOULD, WHAT, DO YOU HAVE ANY IDEA WHAT THEY'RE PLANNING TO DO AS FAR AS IF WE CAN CREATE ENOUGH CAPACITY? I WOULD LIKE TO PUT IT, YOU KNOW, IN OUR PLACEMENT AREA, IT'S ALSO A REVENUE GENERATOR FOR US. UM, HOWEVER, IT IS QUITE A BIT, YOU KNOW, A HUNDRED THOUSAND NOW. I DID JUST, UH, ENTER, UH, UM, YOU SHOULD KNOW THIS, UH, TO PROCEED TO, FOR HYDROGRAPHIC SURVEYOR TO GET IN THIS WE NEXT WEEK. SO WE'LL HAVE A BETTER IDENT, YOU KNOW, A BETTER IDEA OF HOW MUCH CUB YARDS ACTUALLY NEEDS TO BE DREDGED OUT OF P OUT OF 15. UM, THAT'LL GIVE US A LITTLE BETTER INSIGHT, BUT LIKELY IT WOULD PROBABLY GO INTO THE FEDERAL CHANNEL. I MEAN THE FEDERAL PLACEMENT OR THOSE COSTS FOR THAT, THAT YOU'RE KEEPING A LIST OF THAT, THAT GOES TO THE US TEXAS TO PAY FOR THOSE COSTS. THAT MAY BE SOMETHING THEY'LL HAVE DIRECTLY WITH THE DREDGING CONTRACTOR. OKAY. SO THEY'LL BE OUTSIDE THE BUS. THE SURVEYS IS PART OF PORTS PROCESS. YEAH. YES. BEFORE AND AFTER HURRICANE SEASON, DO A SURVEY TO SEE WHERE THE, THE PORT, THE WHOLE, ALL THE BIRTH SERVICE WE TESTING MATERIALS TOO. RIGHT. WELL, I'LL BE TAKING A, A CONTRACT FOR PROFESSIONAL ENVIRONMENTAL SERVICES TO Y'ALL NEXT MONTH, UH, TO GET OUR SUBMIT, UH, SAMPLING, UH, PLAN AS WELL AS THE TESTING AND THE LAB RESULTS AND SUBMITTED TO THE ARMY COURT TO ALLOW US TO PUT INTO THE FEDERAL PLACEMENT. THAT'LL BE NEXT MONTH. IT'S OFF TOPIC, BUT MAYBE WE MIGHT WANT TO HAVE AT SOME POINT NEXT YEAR HAVE A BATTLE BATTLESHIP, HAVE 'EM COME BACK IN AT SOME POINT, KINDA GIVE US AN UPDATE ON PLANS AND, 'CAUSE I, I KNOW THEY'VE LEARNED A LOT SINCE THE LAST TIME WE SPOKE, SO THAT'S PROBABLY SOMETHING, AN AGENDA TOPIC FOR FIRST QUARTER OR SOMETHING NEXT YEAR TO DO. OKAY. ALRIGHTY. MOVING ON BACK. YEP. AND THEN I'M GONNA, JUST, THE LAST CONSTRUCTION MAINTENANCE SLIDE IS THEY, UH, THEY GOT AN OPPORTUNITY TO GO, UH, VOLUNTEER SOME HOURS FROM C AT THE OFFICE. SO THEY WERE HAPPY FIELD TO DO THAT. PERFECT. UM, JUST AS USUAL, THE, THE LISTING OF OUR STATISTICS, UH, THEY WERE HAPPENING OUT THERE. YOU KNOW, OBVIOUSLY YOU CAN SEE WHERE, UH, THE HIGH, THE PEAKS ARE IN TERMS OF CALLS AND, AND, AND WHERE WE HANDLE THAT. AND THE SAME THING HERE WITH THE, THE AMOUNT OF WORK, UM, YOU KNOW, KIND OF SKY ROCKING HERE IN NOVEMBER AS WE ALLOW PEOPLE TO HAVE ACCESS THE COURT, UM, EVENTS. UH, WE JUST HAD SISTER CITY FROM JAPAN CAME TO VISIT US. UM, WE HAD A REALLY NICE MEETING WITH THE, UH, FEDERAL RESERVE, UH, DALLAS UP, AND WE HAD AN OPPORTUNITY TO, UH, MEET EVERYONE THERE AND SHOW EM THE COURT. AND I THINK THAT, I THINK IT WENT A LONG WAY. IT REALLY, UH, REALLY A LOT OF PEOPLE JUST DON'T KNOW UNTIL THEY GET OUT THERE AND SEE, YOU KNOW. AND THEN IN, UH, SEVERAL INTERVIEWS AND, AND ELDER CLUB MEETINGS AND GOING ON AT THANKSGIVING, OBVIOUSLY, WE, WE, UH, PARTICIPATE EVERY YEAR IN YOUR SHARE YOUR HOLIDAYS AND FOOD DRIVE. SO WE DELIVER QUITE A BIT OVER THERE, UH, THIS YEAR IN THE REAL ESTATE COMMITTEE, I DID SPEAK TO THE EAST END, UH, HISTORICAL DISTRICT A COUPLE OF WEEKS AGO. UM, WE HAD A MEETING WITH THE TEXAS FORCE ASSOCIATION, UH, GETTING GEARED UP FOR, UH, NEXT LEGISLATIVE SESSION. UH, WE'RE STARTING PRETTY EARLY THIS YEAR TO GET THAT GOING. UH, COMPENSATION MEETING AND TENANT MEETING, WHICH WE HAD HERE. AND, UH, IN THE 10TH. AND I THINK WE TALKED A LITTLE BIT ABOUT WHAT'S GOING ON DOWN THERE, UH, YEAR 12 IN THAT AREA DOWN THERE. UM, HERE AGAIN, UH, A COUPLE OF OTHER THINGS. UH, FOX WAS HERE SATURDAY, UH, WENT OUT THERE AND GAVE US REALLY GOOD COVERAGE ON THE VEVA COMING IN. UM, I THINK SEVERAL, SEVERAL, UH, TIMES WERE ON THEIR AGENDA. AND THEN WE HAD OUR, OUR MEETING THIS, OUR CHRISTMAS DINNER, WHICH WAS HUGE THANKS TO ANGIE'S EXCELLENT PLANNING AND, AND OTHER PEOPLE HELPED TOO. IT WAS REALLY A GOOD MEETING, A REALLY GOOD DINNER. UH, JUST A COUPLE OF OTHER THINGS. HERE'S THE PEOPLE FROM JAPAN, THE PICTURES OF IT, UH, EAST HERE AT EAST HISTORICAL DISTRICT. AND, UM, HERE'S THE, THE INTERVIEW, UM, IN FRONT OF THE VIPA. OKAY. NICE. WELL, HOW LONG WERE THE EVA SELLING? HOW LONG AGO? HOW LONG WOULD THE SAILING UNTIL APRIL. UNTIL APRIL. YEAH. WHICH USUALLY, [01:25:01] I MEAN, I THINK THEY CAME IN A LITTLE BIT LATER, BUT THEY'RE STAYING A LITTLE BIT LATER THEN, THEN THEY'LL COME BACK IN THE FALL AND THEY'LL BE FULL TIME THEN. REALLY NICE BULL, NICE LOOKING SHIFT. IT'S, IT IS NICE SHIFT. OKAY. A RACE CAR ON RACETRACK ON TOP OF IT. THAT'S OKAY. WE'RE, [D. RECESS INTO EXECUTIVE SESSION] IT'S, UH, 1130. WE'RE GONNA RECESS INTO EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTION 5 5 1 0.071. CONSULTATION WITH ATTORNEY SECTION 5 5 1 0.072 REAL ESTATE SECTION 5 5 1 0 7 4 PERSONNEL AND SECTION 5 5 1 0.87. ECONOMIC DEVELOPMENT NEGOTIATION. WE'RE RECESSING INTO EXECUTIVE SECTION 1131. [E. RECONVENE REGULAR MONTHLY MEETING] IT IS 3:00 PM WE'RE GONNA RECONVENE AN OPEN SESSION ITEM E ONE, DISCUSS AND CONSIDER ACTION, IF ANY ON SPECIFIC MATTERS DISCUSSED IN EXECUTIVE SESSION, WHICH WE LISTED ON THE AGENDA IN SUFFICIENT DETAIL. PROVIDE NOTICE TO THE PUBLIC AS REQUIRED BY THE TEXAS OPEN MEETINGS ACT. THERE ARE NONE. [F.1 Consider and Accept CFO Report - Consent Agenda - Mark Murchison] WE'LL GO TO THE BUSINESS ITEMS. F1, DISCUSS AND ACCEPT CFO REPORT. CONSENT AGENDA. MARK, ME, UH, MR. FINANCE COMMITTEE. CHAIRMAN, WE HAVE A MEETING THIS MORNING. WOULD YOU LIKE TO MAKE A MOTION? YES, I WOULD. I, I MOVE THAT WE, UH, APPROVE THE CONSENT AGENDA ITEMS. OKAY. WHICH ARE ITEMS F1 ONE A THROUGH I, RIGHT. OKAY. HAVE A MOTION. DO HAVE SECOND. I'LL SECOND THAT, THAT APPROVE WITH THE, ACTUALLY GIVEN SHE'S, SHE'S, SHE BEAT YOU, BUT THEN WE CAN, YOU CAN CONVERSATION QUESTION. DOES THAT INCLUDE THE, UH, I WANNA MAKE SURE THE UPDATES THAT WE WERE GIVEN TODAY TO THE MASTER PLAN COUNT WHERE WE SHIFTED THE, THE MONEY AT TO YES, YES, YES. THE MASTER ITEM. I UNDER THAT. ANY DISCUSSION, HEARING ALL IN FAVOR? RAISE YOUR RIGHT HAND. THAT CARRIES UNANIMOUSLY. [F.2 Discuss and Consider the Galveston Wharves Bicentennial Summary Report as of December 9, 2025, and Discuss and Consider the Distribution of the Remaining Available Balance- Mark Murchison] ITEM TWO, DISCUSS AND CONSIDER THE WARS BOARD BIENNIAL SUMMARY REPORT AS OF DECEMBER 9TH, 2025. AND DISCUSS AND CONSIDER THE DISTRIBUTION OF THE REMAINING AVAILABLE MARK. OKAY. I BELIEVE EVERYONE WAS HERE WHEN WE WENT OVER THIS IN THE FINANCE COMMITTEE. AND WHAT WE'RE TRYING TO DO IS GET THE BOARD TO GIVE US DIRECTION ON WHAT TO DO WITH THE APPROXIMATELY 37,897 PLUS ANY FUTURE BOOK SALES THAT WE HAVE IN THE NEAR FUTURE. AND, UH, ADDITIONAL ACCRUED INTEREST. WHAT, UH, WE NEED INSTRUCTIONS ON WHAT TO DO WITH THE REMAINING FUNDS. WOULD SOMEONE LIKE TO MAKE A MOTION? RICHARD IYE, WOULD YOU, UM, WELL, MY MOTION WOULD BE TO HAVE A DISCUSSION. I DON'T KNOW IF NOW'S TIME TO DO IT, AS TO WHAT WE WOULD DO WITH THE BALANCE OF IT. UM, OF COURSE, EVERYONE KNOWS THAT I'M INTO THE WORKFORCE PROGRAM FOR GALVESTON COLLEGE. I THINK ROGER HAD ALREADY MENTIONED SOMETHING ABOUT THAT. DOES IT HELP? DO WE WANT MAKE THAT MOTION? LET WE GET A SECOND. YOU WANT TO GO TO GALVESTON COLLEGE? WELL, ARE WE BETTER OFF DOING A PORTION OF IT AND HOLDING SOME BACK STILL? NO, JUST DO IT ALL. I THINK THE AGENDAS TO DISCUSS. SO LET'S DISCUSS. I THINK WHAT WE'D HAVE TO, THE BOARD WOULD PROBABLY NEED TO DO WOULD BE TO, YOU KNOW, DISCUSS A, A, UH, PREFERRED RECIPIENT SUCH AS GALVESTON COLLEGE, AND THEN WE'D HAVE TO NEGOTIATE AND GET A RESOLUTION LIKE WE DID THE LAST TIME. WHY DON'T WE DO THAT? OKAY. THAT'LL BE MY MOTION THEN. OKAY. TO, TO, UH, GIVE THE REMAINDER OF THE BALANCE, THE 37 TO GALVESTON COLLEGE OR INFORM STAFF TO CREATE A A, UH, BRING IT BACK FOR BRING IT BACK SECOND. SO WHAT WE HAVE IS A MOTION TO DIRECT STAFF TO WORK WITH TON COLLEGE ON THE RESOLUTION. BRING IT BACK TO THIS COURT FOR APPROVAL IN JANUARY. YES. OPEN FOR, YEAH. FOR DISCUSSION. I THINK IT'S A, UH, A, UH, A GREAT PROPOSAL AND ADMIRABLE, I THINK IT'S, IT'S WORTH, UH, PURSUING. I, I DID WANT TO ADD THAT, UH, YOU KNOW, IN TRYING TO, TO IMPACT, UH, FUTURE GENERATIONS LIVES IN THE MARITIME INDUSTRY, I THOUGHT THAT THE MARITIME DAY EVENTS WERE VERY [01:30:01] SUCCESSFUL. BEING ABLE TO GET THE STUDENTS DOWN TO THE PORT AND INTERACT WITH THE, UH, THE DIFFERENT ENTITIES THAT OPERATE DOWN THERE. UM, WHETHER THAT'S TUG BOATS, GULF COPPER, A AND M, UM, B AND H TOWING, IF WE COULD KEEP THAT BALL ON THE BOARD, MAYBE ON A YEARLY BASIS AND, AND GROW THAT MARITIME DAY, UH, EVENT TO WHERE IT WASN'T JUST A ONE OFF. UM, IT DOESN'T HAVE TO BE THIS POT OF MONEY, BUT CERTAINLY, YOU KNOW, KEEP THAT CONVERSATION MOVING, MOVING FORWARD AND SECONDING THAT. EXACTLY. UM, WE WANT, I WOULD LIKE TO SEE SOMETHING LIKE THIS HAPPEN YEARLY, AND THAT'S WHY MY ONLY DRAWBACK OF DOING ALL OF THE MONEY AT ONCE WAS, BUT I UNDERSTAND THAT WANTING TO GET IT OFF THE BOOKS IS, IS EXTREMELY IMPORTANT RIGHT NOW. SO, BUT WE NEED TO HAVE A CONVERSATION ABOUT WHAT EXACTLY, UH, RICHARD? NO, I WAS JUST GONNA SAY THE STRONG THING ABOUT GALVESTON COLLEGE IS THEY'RE BASICALLY STARTING UP THE SHIP BUILDING PROGRAM TO HELP FACILITATE SHIP BUILDING, UH, ON PELICAN ISLAND. SO I THINK THAT'S REALLY, YEAH, I WAS AT THE PELICAN ISLAND COMMITTEE MEETING MONDAY OF LAST WEEK WHEN, UH, HAD ROBERT, OR IN COLLEGE MILES. UH, NO, UH, I THINK ROBERT SHORTER. YEAH. YEAH. IN FACT, HE SAID, HE DESCRIBED IT TO ME, THEY'RE GOING TO BUILD UP A PLAN WHERE EVERY SEMESTER THEY'LL BE 40 STUDENTS ENROLLED IN A SIX SEMESTER PROGRAM WHERE THEY'LL BE PAID TRAIN DURING THAT TIME. IT WAS REALLY, THAT'S GOOD SOUNDING PROGRAM, BUT IT WAS ONLY, IT WAS ONLY 20 INITIALLY, SO THAT'S GREAT. YEAH. YEAH. OKAY. I, I JUST WANTED TO RELAY THE CONVERSATION I WAS HAVING WITH MILES, UM, SHELTON ON FRIDAY, UM, AT GAL COLLEGE. AND WE DISCUSSED SEVERAL THINGS. WE DISCUSSED THE FACT THAT THERE IS A EXISTING PROGRAM THAT'S GRANT FUNDED, UH, FOR SHIPBUILDING. AND THAT ONE OF THE THINGS THAT WE TALKED ABOUT WAS INSTEAD OF GOING, YOU KNOW, AS AN ALTERNATIVE OR IN ADDITION TO, UM, GOING THROUGH THAT, THAT PROJECT, THAT PROGRAM, BECAUSE THAT PROGRAM IS FULLY FUNDED FOR THE, I BELIEVE IT'S THE NEXT TWO YEARS, THEY HAVE MONEY FROM THE STATE THAT IS GONNA FUND THAT FOR THE STUDENTS. ONE OF THE THINGS WE, WE TALKED ABOUT WAS THE NEED FOR PLUMBERS, PIPE FITTERS, ELECTRICIANS, WELDERS, AND IS THAT SOMETHING THAT WE MIGHT BE BETTER OFF SERVED DOING, IS PROVIDING FUNDS FOR THOSE TRADES FOR PEOPLE TO BE TRAINED IN THOSE TRADES, NOT NECESSARILY ASSOCIATED WITH THE DAYS. AND I WAS NOT NECESSARILY MEANING TO, TO, TO TARGET THE UTILIZATION BY GALVESTON COLLEGE FUNDS ON JUST ON SHIP BUILDING. SO, RIGHT. I WOULD LIKE FOR GIVE FLEXIBILITY FOR SOMEONE, UM, ON THE BOARD TO, UM, ACCOMPANY NEXT TIME SO THAT WE CAN DETERMINE THE EXTENT OF WHAT WE WANT TO DO. AND, BECAUSE I THINK REALLY WHAT, WHAT WHAT I'M SAYING IS, IS WHERE DO WE WANT TO GO AT GALVESTON COLLEGE? IT SEEMS LIKE THERE'S THIS CONSENSUS THAT GALVESTON COLLEGE WOULD BE SOMETHING WE WOULD PRETTY MUCH AGREE ON AS, AS A RECIPIENT, BUT IT'S WHAT WE DO TO, ONCE THIS HAPPENS, WE DESIGNATE HOW WE WANT THIS TO BE DONE. AND YOU CAN DO THAT. 'CAUSE WE'RE, WE'RE FIXING TO VOTE TO, TO, TO ASK THE STAFF TO PUT SOMETHING TOGETHER AND BRING BACK A SOLUTION. BRING IT BACK JUST LIKE WE DID FOR ANNIE. AND MAYBE WILLIE, YOU GO OVER WITH ME AND WE CAN, AND I BELIEVE TRUSTEE GONZALEZ MADE THE MOTION. WAS THERE A SECOND? YEAH. I JUST WANNA MAKE SURE. YEAH, I GOTTA MAKE SURE WE KEEP IT STRAIGHT. OKAY. WE HAVE A MOTION. AND SECOND IT STRAIGHT. UH, ANY FURTHER DISCUSSION? ALL IN FAVOR? RAISE YOUR RIGHT HAND A MOTION. CARRIE UNANIMOUSLY. [F.3 Discuss and Consider Pier 19 Boardwalk/Open Space Concept - Real Estate Committee] F THREE, DISCUSS AND CONSIDER HERE. 19 BOARDWALK OPEN SPACE CONCEPT REAL ESTATE COMMITTEE. YEAH. THIS IS ONE OF THE, UH, INITIATIVES OF THE REAL ESTATE COMMITTEE WE'VE TAKEN IN TRYING TO FLESH OUT THIS BOARDWALK OPEN SPACE CONCEPT AT PIER 19. AND I THINK, BOB, YOU'RE GONNA GIVE US A LITTLE BIT OF BACKGROUND ON, WE HAD A MEETING WITH TENANTS, WHICH WAS VERY INTERESTING AND LOTS OF GOOD. IN FACT, THEY'RE COMING BACK RIGHT NOW, UH, GAVE US A LOT OF GOOD, THE TENANTS GAVE US A LOT OF GOOD FEEDBACK AND INPUT ON WHAT THEY'D LIKE TO SEE THERE. WHAT THEY'D NOT LIKE TO SEE, WHICH IS WHAT YOU GUYS INSTRUCTED US A COUPLE MEETINGS AGO, WAS TO GO TALK TO THE TENANTS AND, AND GET THE FEEDBACK. AND SO WE HAD THAT SESSION, AND I THINK, BOB, YOU HAD A, HAD, TALK TO US A LITTLE BIT ABOUT THE, WHAT YOU'VE GOTTEN FROM STAS AS FAR AS A PROPOSAL FOR MOVING FORWARD, AND THEN HOW TO INCORPORATE THOSE, UH, FEEDBACK AND, AND CONCEPTS FROM THE TENANT. BOB. [01:35:04] THANKS, JEFF. VICE CHAIR. MR. WELCOME. WELCOME TO BOARD. UH, MOST OF YOU KNOW ABOUT THIS PROJECT ALREADY, SO I DON'T GO INTO A LOT OF DETAIL ABOUT IT. BUT JUST FOR THE RECORD AND BACKGROUND, UH, ABOUT TWO YEARS AGO, THE GEORGE AND CYNTHIA MITCHELL FOUNDATION, UH, FUNDED STAS ARCHITECTS TO DO, UH, A PLAN TO STUDY THE WATERFRONT AREA BETWEEN CRUISE SHIP TERMINAL 25 AND ABOUT PIER 15 TO DEVELOP IT AS A PLACE FOR PEOPLE. MUCH LIKE A LOT OF PLACES AROUND THE WORLD, SORRY, LIKE VANCOUVER AND BOSTON, SEATTLE AND SAN DIEGO. PEOPLE ARE NATURALLY ATTRACTED TO THE WATER. YOU JUST GOTTA, JUST GOTTA MAKE IT ACCESSIBLE TO THEM. SO, UH, THEIR REPORT SHOWED A, UH, A BOARDWALK ALONG THE WATER'S EDGE IN THAT AREA RIGHT THERE, UH, TO, TO, UH, TO BE ABLE TO LINK ALL OF THE DIFFERENT ATTRACTIONS UP AND DOWN THE WATERFRONT AREA AND PROVIDE ACCESS FOR PEDESTRIANS. ALSO INCLUDED SOME, UH, OPEN SPACES AROUND THE AREA TO ACTIVATE THAT AS PART OF THE PART OF THE DEAL. AND AS JEFF SAID, UH, I'VE BEEN WORKING WITH THE REAL ESTATE COMMITTEE AND ROGER AND OTHERS TO DEVELOP A PILOT PROJECT TO DEMONSTRATE HOW THAT LARGER PROJECT MIGHT WORK AT PIER 19. AND SO, UH, THIS HORSE BOARD HERE HAS REVIEWED THIS CONCEPT AND ENDORSED IT AND RECOMMENDED THAT WE GO MEET WITH THE STAKEHOLDERS. AND THAT'S WHAT WE DID A COUPLE OF WEEKS AGO. THOSE STAKEHOLDERS, SOME OF 'EM ARE HERE TODAY, UH, REPRESENTING WILLIAMS PARTY BOATS AND GALVESTON PARTY BOATS, KATIE SAMPSONS AND SOME STRIPPERS. AND, UH, THEY WERE ALL CAUTIOUS. YOU KNOW, I THINK, UH, NOTABLY, SO THIS, THIS IS A CHANGE FOR WHAT'S HAPPENING DOWN THERE. ANYBODY WOULD BE CAUTIOUS, I THINK. AND THEY ALL HAD SOME REALLY GOOD QUESTIONS AND GOOD COMMENTS. AND, UM, AT THE, AT THE END OF IT, WE WERE STANDING AROUND TALKING AND, UH, I SUGGESTED THAT, UH, WE ACTUALLY GO TO ONE OF THE PARTY CODE OPERATIONS AND SPEND SOME TIME THERE AND GET A GOOD FEEL FOR HOW THEY'RE ACTUALLY WORKING. YOU KNOW, THAT'S, WE'RE, WE'RE AT THE STAGE WHERE WE'RE GOING FROM IDEA TO DATA GATHERING. SO THAT'S WHERE WE ARE RIGHT NOW. SO THAT'S, THAT'S, AND THAT'S EXACTLY WHAT I'M GONNA GO DO TOMORROW AT 10 O'CLOCK. I'M GONNA MEET RE A COSTA WITH GALVESTON PARTY GOES AND GO DOWN THERE, SPEND SOME TIME WITH HIM. AND I HOPE AT THE END I'LL HAVE A BETTER UNDERSTANDING OF THEIR OPERATION, UH, FOR THE, THIS IDEA. AND ALSO HOPEFULLY, UH, DEVELOP A LITTLE MORE, A LITTLE MORE TRUST AND CONFIDENCE IN THE TENANTS DOWN THERE WITH OUR, OUR IDEA AND THOSE, UH, SPECIFIC IDEAS AND THOSE CONCERNS THAT THE STAKEHOLDERS CAN BE ADDRESSED AND SHOULD BE ADDRESSED THROUGH A PROFESSIONAL PROGRAMMING AND DESIGN CONSULTATION. THAT'S, THAT'S WHAT THEY DESERVE. YOU KNOW, I, I DON'T HAVE, I'VE KIND OF EXHAUSTED MY RESOURCES. I GOT OTHER THINGS I GOTTA DO, BUT, UH, WE, WE NEED TO HIRE A CONSULTANT TO SPEND SOME MORE TIME WITH THEM AND DO SOME MORE DETAILED DRAWINGS, DETAILED DATA GATHERING. AND, AND, UH, AND, AND THAT'S, THAT'S REALLY THE NEXT STEP FOR THIS. AND I RECEIVED A PROPOSAL FROM STOS ARCHITECTS A FEW MONTHS AGO, UH, TO, TO BE ABLE TO START PROGRAMMING DESIGN AND DOCUMENT THE PLANS AND PRODUCE SOME RENDERINGS AND SOME DRAWINGS SUFFICIENT TO ACTUALLY GET A COST OF WHAT THIS, WHAT IT WOULD COST TO CONSTRUCT THIS AS WELL AS, UH, SCHEDULE AND ACCURATELY COMMUNICATE THIS PROJECT NOT ONLY TO STAKEHOLDERS, BUT ALSO TO THE COMMUNITY AT LARGE AND SUPPORTERS, UH, THAT MAY WANT TO HELP US PAY FOR THIS PROJECT. IT'S THIS, WE'RE KIND OF AT THE STAGE NOW. THIS IS NOT A FULL-BLOWN DESIGN DOCUMENTATION. THIS IS WHAT WE CALL, UH, PROGRAMMING, DESIGN AND DOCUMENTATION THROUGH SCHEMATIC DESIGN TO GET YOU THE DATA YOU NEED TO MAKE A DECISION. WE'RE KIND OF AT THAT GO, NO GO POINT RIGHT THERE. AND WE NEED THE DATA TO, TO MAKE DECISIONS. SO, UH, WE DISCUSSED THE STOCKS PROPOSAL AT ONE OF OUR REAL ESTATE MEETINGS. AND ROGER, I SENT IT TO ROGER BACK. THE TOTAL PROPOSED FEE WAS $78,420, BUT INCLUDED SERVICES THAT WE BELIEVE THE PORT WOULD BE ABLE TO PERFORM, UH, AND NAMELY, UH, 15,000 IN CIVIL, STRUCTURAL AND MARINE ENGINEERING, 6,000 AND COST ESTIMATING. THOSE ARE THINGS THAT MAYBE THE PORT CAN HELP WITH AND BRING THAT CONSULTANT COSTS DOWN. UH, THE ACTUAL ARCHITECTURAL PART OF THAT PROPOSAL WAS $47,420 WITH ABOUT 10,000 IN REIMBURSABLE FEES. REIMBURSABLE FEES BEING THE DRAWINGS, THE RENDERINGS, THE PRE PICTURES, THE TRAVEL, THAT KIND OF THING. SO, UM, I'D LIKE TO PROPOSE IF I COULD, UH, THAT THE WHARF BOARD AUTHORIZED ROGER TO NEGOTIATE WITH STAFF, WORK WITH HIM, AND, AND THE FOURTH FORCES TO GET A, A MORE SOLID SCOPE OF WORK FOR THE CONSULTANT AND IDENTIFY EXACTLY WHO'S GONNA DO WHAT. UH, AND I THINK WE COULD GET THE COST OF THIS INITIAL DESIGN PROGRAMMING, DESIGN DOCUMENTATION DOWN. IN ADDITION, THE GEORGE AND F MITCHELL FOUNDATION WHO CONTINUES TO SUPPORT THIS PROJECT CAN PUT $40,000 TOWARDS OUR CONSULTANCY WITH, WITH DOS, RIGHT? THAT'S, [01:40:01] THAT'S, THAT'S WHERE WE ARE RIGHT NOW. ANY, ANY QUESTIONS FOR ME? ANY QUESTIONS FOR THE COUNSEL? TONY, UH, ACTION TODAY, CAN WE JUST HAVE THIS CONTINUE TO BE WORKING IN THE ROOM ESTATE? YEAH, I THINK THIS IS JUST TO RECEIVE INFORMATION. WELL, I MEAN, DO WE, I GUESS AT SOME POINT WE WANT TO MOVE, MOVE IT FORWARD WITH GETTING SOMEBODY ON BOARD TO HELP US KIND OF FURTHER FLESH OUT THE DESIGN. AND I THINK THAT'S REALLY WHAT WE LIKE TO ASK TODAY IS CAN WE AUTHORIZE THE FUNDING, UM, IF, IF WE GET $40,000 FROM CYNTHIA MITCHELL FOUNDATION, AND MAYBE WE SET THAT AS THE LIMIT, OR WE KIND OF AUTHORIZED ROGER TO GO OFF AND KIND OF GET THAT TO A PROPOSAL TO DO THAT WORK THAT HE COULD BRING BACK TO THE BOARD THAT WE COULD VOTE ON. I THINK WE WANT TO MOVE THIS FORWARD. I THINK THAT'S THE, THAT'S THE, WE WORKED IT IN THE REAL ESTATE COMMITTEE, I THINK TO THE POINT THAT WE REALLY NEED TO GET SOME KINDA LIKE MOBILITY SO THAT WE KIND OF NEED TO GET SOME EXPERTISE INVOLVED. 'CAUSE THE TENANTS BROUGHT UP A LOT OF GOOD CONCERNS ABOUT YOU. I THINK IF I PUT WORDS IN YOUR GUYS' MOUTH, BUT THE BOARDWALK WAS A SERIOUS CONCERN ABOUT WHERE IT'S LOCATED, WHAT IT'S MADE OUT OF, HOW DOES IT IMPACT THEIR OPERATION. AND SO ARE THERE SOME OTHER OPTIONS, YOU KNOW, TO BE LOOKED AT WHERE THAT COULD GO? I MEAN, WE, WE NEED SOME ADDITIONAL, I THINK, EXPERTISE AND EYES TO KIND OF LOOK AT THAT. WELL, JEFF, WOULD YOU LIKE TO MAKE A MOTION? 'CAUSE WE'LL NEED A DOLLAR AMOUNT? YEAH, I THINK SO. AND I GUESS, WELL, LET ME MAKE, YEAH, MAKE THE MOTION THAT WE WOULD, WE WOULD WANT TO AUTHORIZE ROGER AND STAFF TO, UM, DISCUSS, I GUESS FURTHER DISCUSS WITH STOSS AND THE MITCHELL FOUNDATION COST OF SERVICES TO DEVELOP THIS, UH, PROPOSAL FOR, WHAT DO YOU CALL CONCEPT ENGINEERING? BOB, IS THAT SCHEMATIC DESIGN. SCHEMATIC DESIGN. AND I GUESS NOT TO EXCEED, YOU KNOW, HIS, HIS AUTHORIZATION LIMIT OF $50,000 AND BRING THAT BACK TO THE BOARD. I GUESS IT'S 50. I STILL, I THINK WE NEED TO BRING IT BACK TO THE BOARD FOR KIND OF APPROVAL OF THE SCOPE AND BASED REALLY, I GUESS I CAN TAKE OUT THE 50,000, JUST NEGOTIATE THAT. WHAT WOULD THAT COST BASED ON THE STOCK PROPOSAL KNOWING 40,000 FROM THE MITCHELL AND BRING THAT BACK TO THE BOARD FOR DISCUSSION AND APPROVAL. WE'RE JUST NEGOTIATING A CONTRACT, BY THE WAY. SECOND, SOMEBODY LIKE TO MAKE A SECOND, RICHARD SECOND. SO WE'RE JUST, THE MOTION ON THE TABLE IS FOR ROGER AND COURT STAFF TO WORK TO BRING A PROPOSAL BACK TO THE BOARD FOR ACTION. UH, SO WE DON'T KNOW WHAT THE DOLLAR AMOUNT IS YET. YEAH, THAT'S PROBABLY FAIR TO SAY. AND I THINK, LIKE ERIC SAID, THERE'S, YOU KNOW, BUT THERE'S, HOW MUCH OF THAT WORK COULD BE PROPOSED IN HOUSE? HOW MUCH COULD WE, YOU KNOW, SOME OF THAT'S FOR CONSULTANTS THAT WE PROBABLY JEFF AND HIS STAFF HAVE EXPERTISE. SO JUST KIND OF WORK THROUGH THOSE DETAILS AND YEAH, AND JUST TAKE THE COST AMOUNT OUT, BRING THAT BACK TO US, REALIZING THAT, YOU KNOW, IF THE MITCHELL FOUNDATION WILL, WOULD BE GRACIOUS ENOUGH TO PUT 40,000 TOWARDS THAT. WE KNOW THAT, YOU KNOW, WHEN WE DISCUSS THAT PROPOSAL IN JANUARY OR SO, JUST FIGURES ON THE BACK OF A NAPKIN. 78 WAS A PROPOSED NUMBER. YEAH. AND THEN 40 FROM THE MITCHELL'S LEAVE THAT BALANCE. BUT THEN THERE'S ALSO SOME POTENTIAL FOR US TO DO SOME IN-HOUSE WORK TO BRING THAT DOWN LOWER. SO WE'RE TALKING 30 ISH SOMEWHERE. YEAH. BUT I THINK BRING BACK IN JANUARY FOR ACTION. AND SO I GUESS FOR THE, YOU KNOW, THE 10TH, THERE'S NOTHING, I'M JUST TRYING, NOTHING'S GETTING BUILT OUT OF THAT. NOTHING'S BEING DONE. IT'S REALLY A MATTER TO GET SOME EXPERTISE ON BOARD THAT WE CAN SIT DOWN AND, AND REALLY START FLESHING OUT CONCERNS ABOUT WHERE THE BOARDWALK LOCATED. HOW CAN WE BA WORK THAT IN THE OPERATING? I MEAN, TO REALLY DIG INTO THOSE ISSUES DEEPER, TO KIND OF COME UP WITH A, A CONCEPT THAT WE CAN ALL, INCLUDING US, THE PORT, THE CITY, THE TENANTS CAN, CAN SUPPORT. SO WE'RE NOT, WE'RE NOT BUILDING ANYTHING. WE'RE NOT POURING ANY CONCRETE. WE'RE JUST TAKING THE NEXT STEP TO GET SOME EXPERTISE TO HELP US FLESH THAT OUT. MAY I ANSWER? YOU HAVE A QUESTION? WELL, I'M, I'M ALL IN FAVOR OF THIS. I, I WOULD SAY THIS THOUGH. I'M, I'M, I DON'T, I WOULDN'T, I THINK YOU'VE ANSWERED THE QUESTION, JEFF AND BOB HAS, BUT I DON'T WANT TO GET TOO FAR DOWN THE LINE WITHOUT THE INPUT FROM THESE STAKEHOLDERS. NO, THIS IS GONNA BE EXTREMELY IMPORTANT TO GET THEIR INPUT. THAT'S THEIR LIFE FLOOD DOWN THERE. UH, WE NEED TO MAKE SURE, I JUST DON'T WANT TO GET THIS THING MOVING ALONG AND WE'RE MOVING ALONG WITH PLANS AND DESIGNS ALL THIS OTHER WITHOUT YEAH, I AGREE. THAT'S EXACTLY WHAT THIS EXERCISE IS ALL ABOUT. OKAY. WE GET THE RESOURCES WE NEED WITH THIS CONSULTANT TO GO INTO MORE, GREATER DETAIL WITH THE STAKEHOLDERS TO BE ABLE TO INFORM THE DESIGN. AND THAT YOUR MEETING WITH TRADE TOMORROW IS A BIG THAT'S GOOD. YES. THAT'S, WELL, THAT, THAT'S, THAT, THAT'S, THAT'S GOOD. I JUST WANT TO MAKE SURE PART OF THAT WE CAPTURED, YOU KNOW, WE CAPTURED MULTIPLE PAGES OF, OF INPUT AND THAT IS ALL PART OF WHAT GOES TO THE CONSULTANTS AS FAR AS, I MEAN, I, TO ME, THE, THE THING YOU GUYS PUT IN MY HEAD IS MAYBE, MAYBE THERE'S A BETTER, YOU KNOW, I KNOW BOB AGREES OR DISAGREE, BUT MAYBE THERE'S A BETTER PLACE TO PUT THE BOARDWALK THAT'S [01:45:01] NOT SO IMPACTED TO THE OPERATIONS. I MEAN, THAT'S PART OF THE DECISION, THE DISCUSSION AND THE EVOLUTION THAT HAS TO GO ON THROUGH THAT CONCEPT. BUT YOUR, YOUR COMMENT IS RIGHT ON MAYOR. WE DON'T, WE DON'T WANT TO GO AND WE WON'T DO ANYTHING WITHOUT THE STAKEHOLDERS BEING TOTALLY ON BOARD WITH THIS IS SOMETHING WE CAN LIVE WITH BECAUSE WE'LL HAVE, THIS BOARD WILL HAVE ADDITIONAL OR PLACES IN THAT PROCESS TO MAKE ADDITIONAL, YOU KNOW, YET GO OR NO GO TYPE DECISIONS BASED ON WHAT WE COME UP WITH. MM-HMM . THAT'S GOOD. AND WE CERTAINLY RESPECT THE INPUT AND THE LIVELIHOOD OF ATTENDANCE, AND WE'RE NOT GONNA DO ANYTHING THAT'S GONNA BE, YOU KNOW, THAT'S GONNA REALLY BLOW UP THEIR OPERATIONS OR SOMETHING. WE WANNA MAKE IT BETTER. I MEAN, MAKE IT, MAKE IT BETTER. IT'S NOT WORTH DOING. CORRECT. THANK RICHARD. I, I DON'T, I DON'T NECESSARILY WANT TO HAVE OUR MOTION AMENDED OR ANYTHING, BUT I WOULD LIKE TO ASK THAT Y'ALL TOUCH BASE WITH THE LY SMITH FOUNDATION TOO. 'CAUSE THEIR PROPERTY'S CONTIGUOUS TO THIS. MM-HMM . YEAH, THE PARKING LOT ACROSS THE YEAH, THEY'RE, THEY'RE A STAKEHOLDER, RIGHT? YEAH. OKAY. OKAY. ANY FURTHER DISCUSSION? IF NOT, I'LL CALL THE QUESTION. I FAVOR THE MOTION. THANK YOU, COUNSEL. THANK YOU, BOB. THANK YOU, BOB. [F.4 Discuss and Consider for Approval, the Renewal of Active Stevedore License Applications for the Calendar Year 2026 - Brett Milutin] NEXT UP, DISCUSS AND CONSIDER FOR APPROVAL THE RULE OF ACTIVE STUDENT LICENSE APPLICATIONS FOR THE COUNTY YEAR 2026. BRAD? YES. THANK YOU. UH, GOOD AFTERNOON TRUSTEES. I'M HAPPY TO ANNOUNCE THAT ALL OF THE LICENSE 2025. UH, STEVE DORIS ARE INTERESTED IN PURSUING THE APPLICATION FOR THE, UH, CALENDAR YEAR 2026. THEY ALL HAVE MET TO THE REQUIREMENTS FOR OUR TARIFF. UH, IT WOULD GO IN EFFECT, UH, JANUARY 1ST, AND IT WOULD, UH, THE AGREEMENTS WOULD TERMINATE OR THE LICENSE WOULD TERMINATE DECEMBER 31ST, 2026. OKAY, SHE MOTIONS. SECOND. ANY DISCUSSION? ALL FAVOR, RAISE YOUR THANK [F.5 Discuss and Consider Approval of Purchase of Amphibious Excavator from Houston Heavy Machinery, LLC at a cost not to exceed $509,490.00 - Jeffrey Thomas] ITEM NUMBER F FIVE. JEFFREY DISCUSSED AND CONSIDERED APPROVAL OF PURCHASE OF AMPHIBIOUS EXCAVATOR FROM HOUSTON, HEAVY EQUIPMENT LLC AT A COST NOT TO EXCEED 509,490. THANK. THANK YOU, MR. CHAIRMAN. UM, WE'VE TALKED ABOUT THE PLACEMENT AREA LOT, SO I'LL LABOR ALL THAT. BUT THE PROCESS WE WENT THROUGH TO, TO FULFILL THE NEW TO THE COURT COULD BE AS WE RELEASED AN RFP. THE RFP ALLOWED US TO, UH, RANK THE RESPONDENTS BASED UPON COST, 50% TECHNICAL CAPABILITIES OF THE EQUIPMENT, 25%, AND RELIABILITY WARRANTY IN TERMS 25%. UH, WE RELEASED THE RFP, UH, WE RECEIVED FOUR RESPONSES BACK. UM, THE RESPONSE WITH THE LOWEST COST FOR A NEW PIECE OF EQUIPMENT AND THE SHORTEST LEAD TIME WAS HOUSTON HEAVY MACHINERY, UH, WITH A COST OF, UH, $509,000, $490 IN THE LEAD TIME OF THREE WEEKS. UM, IT'S THE, THE EQUIPMENT WAS NOT THE SPECIFIED, BUT IT'S AN EQUIVALENT PIECE OF EQUIPMENT. WE SPECIFIED A CAT CATERPILLAR EXCAVATOR, BUT THIS IS A BELCO EXCAVATOR. AND, UH, THE, UH, UNDERCARRIAGE IS A EIK, WHICH IS, THERE'S TWO UNDERCARRIAGES HAWK AND EIK WITH THE TWO PROPOSED. SO WE WOULD RECOMMEND, UH, A PURCHASE OF THE, UH, EXCAVATOR, THE COCO EXCAVATOR WITH THE EIK UNDERCARRIAGE FOR FIVE $9,000 FOR FOUR 90. UM, WE HAVE A RECOMMENDATION FROM STAFF. DO I HAVE A MOTION? MAKE A MOTION TO APPROVE? I SECOND. I DO HAVE A QUESTION. DISCUSSION. WHAT'S THE PROCESS FOR MAINTENANCE ON THIS? SO, I MEAN, THE, UH, IT BEING A NEW PIECE OF EQUIPMENT AND SOMETHING THAT'S, THAT WE DON'T OWN CURRENTLY, SO WE'RE GONNA HAVE TO BE TRAINED ON HOW TO MAINTAIN IT, I WOULD IMAGINE. CORRECT. YEAH. SO, SO THE, THE EXCAVATOR PART DOES COME WITH, UH, A WARRANTY BECAUSE IT'S A NEW PIECE OF EQUIPMENT. THE BELCO, UH, WARRANTY, UH, FOUR YEARS. THE, UH, UNDERCARRIAGE COMES WITH THE ONE YEAR WARRANTY. HOWEVER, THERE ARE THINGS LIKE THE BIG MAINTENANCE THING ON THESE IS, IS THE TRACKS. IF THEY GET IN A POSITION WHERE THEY HAVE TOO MUCH TORQUE ON 'EM, THEY MAY POP. AND SO THAT'S GONNA BE ONE OF THE THINGS THAT, UM, IS GONNA BE KIND OF A MAINTENANCE ISSUE. THE ONE THAT'S OUT THERE RIGHT NOW, THEY HAVE, UH, CANOLA OIL THEY USE TO MAKE SURE THEY KEEP, YOU KNOW, USING THINGS AND MAKE SURE EVERYTHING'S RUNNING. UH, WELL, AND THEN ALSO THERE IS SOME OPERATOR TRAINING AS WELL. UM, UH, I THINK THE OTHER THING I'LL MENTION IS, IS WE ARE LOOKING TO, UH, UH, BRING AN EXCAVATOR OPERATOR ON BOARD NEXT YEAR, HOWEVER, UM, 'CAUSE RIGHT NOW WE ARE, UH, UH, RENTING THE SERVICE. ARE WE HAVING TO ADD BUDGET ITEMS FOR THIS? UH, NO, NO, NO. BUT IT'S JUST, JUST MISCELLANEOUS, UH, INFORMATION. UPKEEPING SUPPLEMENTAL. YEAH. AND SO GO, GOES INTO THE PERSON, YOU KNOW, UP A PIECE OF EQUIPMENT. I GOTCHA. AND THEN JEFF, JUST THANK YOU FOR BRINGING THAT UP. IT'S A, SOMETHING WE DEFINITELY NEED TO CONSIDER, UH, WHEN YOU INVEST THAT MUCH MONEY IN A PIECE OF EQUIPMENT, BUT THAT, THAT ASSET, THAT DREDGE PLACEMENT AREA IS [01:50:01] ONE OF THE MOST IMPORTANT ASSETS THIS PORT HAS. SO TO BRING THE RECOMMENDATION TO GET THE PIECE OF EQUIPMENT TO HELP KEEP THAT MAINTENANCE ONGOING, I THINK IS, IS A REALLY GOOD STEP FORWARD TO, TO GET DONE. JUST A COUPLE, COUPLE QUICK. UM, I GUESS THE ASK THE PERCENT UTILIZATION OF THIS, WE, WE, WE WOULD EXPECT THAT TO BE FAIRLY HIGH. YES. YEAH. NO, RIGHT, RIGHT NOW, UM, YOU KNOW, GETTING STARTED, I, I'D EXPECT LIKE FIRST, FIRST YEAR WE'RE PROBABLY GONNA BE USING IT PRETTY MUCH FULL TIME OF THE WHOLE YEAR FOR, FOR THAT PLACEMENT AREA, GETTING THINGS, UH, BACK AND RUNNING AFTER THAT, MAYBE HALF THE YEAR TO THREE QUARTERS OF THE YEAR. HOWEVER, THE THING THAT WE'RE ALSO GETTING IS THIS, IS WE'RE GETTING THE ORIGINAL TRACKS. SO IT'S, IT COST US ABOUT SIX OR $7,000 TO PUT THE EXCAVATOR BACK ON THIS ORIGINAL TRACK SO WE CAN DO OTHER WORK WITH IT AS WELL. OKAY. AND THEN, I GUESS BUDGET WISE, THIS IS, IS THIS COMING OUT OF THE R AND R BUDGET OR IS NO, THIS IS, THIS IS A NEW CAPITAL ITEM. OKAY. SO THIS REALLY PROBABLY NEEDS TO GET ADDED TO OUR, TO OUR CAPITAL SHEET. TO OUR CAPITAL PLAN. DO WE ADD HOW THOUGHT WE ADDED THAT? YOU MIGHT. YOU MIGHT HAVE. YEAH, YOU MIGHT HAVE. AND I GUESS THE OTHER COMMENT I MAKE IS, YOU, YOU GUYS ARE GONNA BE THE COOLEST KIDS ON THE BLOCK WHEN IT COMES TO TOUCH A TRUCK DAY. LIKE CINDY HAS, IT'S GONNA BE A REALLY COOL, REALLY COOL ASSET TO GO PLAY WITH. WE'LL HAVE TO COORDINATE THAT. WHAT'S GOOD THAT YOU HAVE THE BOTTOM PIECE, YOU KNOW, CAN BE USED INSIDE THERE. YEAH, BRING THE OTHER TRACK. I LIKE THAT. I I DIDN'T RECOGNIZE THAT. YOU CAN PUT THE OTHER TRACKS ON IT AND YOU CAN USE IT AS A REGULAR EXCAVATOR. RIGHT. SO THE UTILIZATION. GOOD DEAL. ANY OTHER DISCUSSIONS? OKAY, IF NOT ALL. OKAY. ANYBODY OPPOSED? C TRACTOR? JEFFREY, [F.6 Discuss and Consider Approval of Contract between the Board of Trustees of the Galveston Wharves and Diamond Hydraulics for Hydraulic Cylinders at a Cost Not to Exceed $281,161.25 - Jeffrey Thomas] STAY AT THE PODIUM. DISCUSS AND CONSIDER APPROVAL OF THE CONTRACT BETWEEN THE BOARD OF TRUSTEES AND THE, AND DIAMOND HYDRAULICS FOR HYDRAULIC CYLINDERS AT A COST SEAT. 281,000, 1 61 AND 25 CENTS. THANK YOU, MR. CHAIRMAN. UH, PREVIOUSLY Y'ALL HAD APPROVED, UH, SO, UH, THE, AT PAYMENT OF SOME EMERGENCY WORK WE DID ON THE HYDRAULIC SYSTEM ON PASSENGER, WHICH FROM 25, UM, THIS, THIS, UH, UH, ITEM IS, IS, IS KIND OF THE SUPPLEMENT TO THAT, WHERE WE'RE TRYING TO GET A MORE FORMAL KIND OF ENGAGEMENT, UH, PROCUREMENT PROCESS WITH, WITH THE COMPANY TO FULFILL OUR NEEDS WITH THE HYDRAULIC SYSTEM THERE. ONE OF THE BIG THINGS WITH THE HYDRAULIC SYSTEM IS WE'VE BEEN SEEING IS THE SEALS GO BAD, THAT THE SEALS ARE IN TERMS OF THE CYLINDER, AND UNFORTUNATELY, WHENEVER THEY GO BAD, UM, WE HAVE TO TAKE THE CYLINDER OFF, SEND IT OFF, AND IT'S BASICALLY A, A WEEK PROCESS WITH A RUSH TURNAROUND. AND SO WHAT WE'RE, OUR GOAL IS WITH THIS PROJECT IS TO, UH, BUILD A REPLACEMENT CYLINDER. SO IF, UH, WHEN THE SEALS WILL GO BAD, WE'LL HAVE A CYLINDER TO PUT IN ITS PLACE. SO WE CAN DO THAT SWITCH IN ABOUT A DAY AND, AND GET THE PVB BACK UP AND RUNNING QUICKER, AND THEN SEND THE OTHER ONE OFF TO GET REPAIRED AND HAVE A PLACEMENT BUILDING ON HAND. SO THE, THE ITEMS IN THIS RFB, UM, AND THIS ONE WAS JUST AN RFB, JUST PURELY CROSS, WE RECEIVED ONE, UH, JUST, JUST ONE, UH, RESPONDENT ON THIS. AND IT WAS DIAMOND HYDRAULICS. UM, TO, TO FABRICATE SEVEN CYLINDERS FOR US. THEY ALSO HAVE ITEMS IN THERE FOR SYSTEM HYDRAULIC FLUSH, HYDRAULIC DIAGNOSTICS, UH, HYDRAULIC REPAIRS, TRUCK AND HYDRAULIC POWER UNIT, UH, UH, UNIT RATES PER DAY. UM, AND THEN WE ALSO INCLUDED, UH, $25,000 JUST MISCELLANEOUS REPAIR ALLOWANCE, WHICH ALL THOSE ITEMS WILL BE, UM, AGREED UPON STAFF AND DIAMOND HYDRAULICS BEFORE THE WORK WOULD BE DONE TO MAKE SURE WE, UM, CONTROL THAT. UH, I WILL SAY ONE OF THE REASONS I THINK WE GOT, UH, A LIMITED, UH, RESPONSE WAS BECAUSE THEY HAD TO COME OUT AND ACTUALLY INSPECT THE UNIT IN ORDER TO, UH, MAKE, WE COULD HAVE HYDRAULIC DRAWINGS ON THIS UNIT, BUT WE DON'T HAVE FABRICATION LEVEL HYDRAULIC DRAWINGS, SO THEY'D HAVE TO COME OUT AND ACTUALLY INSPECT THE UNIT. UM, SO THAT'S, I THINK, ONE OF THE COMPONENTS THAT THE SINGLE BIT WE GOT ON THIS PROJECT, BUT I THINK IT, IT IS STILL, UH, A VALUABLE THING FOR THE PORT. UM, AND IT'LL BRING RETURN TO US IN KEEPING THE, THE PBB OPERATIONAL. UM, SO WE'D RECOMMEND, UH, ENTERING INTO A CONTRACT WITH DIAMOND HYDRAULICS FOR $281,161. US. OKAY. MOTION SECOND. SECOND. ANY DISCUSSION? THE ONLY QUESTION, SO THIS COMES OUT OF THE R AND R BUDGET, OR WAS THIS INCLUDED? UH, IT'S PROBABLY AN ADD. THIS, YOU KNOW, THERE ARE ITEMS IN THE R AND R BUDGET, BUT THIS WOULD EXCEED 'EM. I THINK WE HAVE ABOUT A HUNDRED THOUSAND DOLLARS IN THE R AND R BUDGET. SO THIS DOES INCREASE THAT OPERATIONS, BUDGET [01:55:01] OPERATIONS, YEAH. BUT IT'S A BETTER, I MEAN, IT'S A MUCH BETTER SOLUTION THAN HAVING TO HAVE A BOARDING BRIDGE DOWN WAITING FOR, THAT'S NOT ENOUGH. SO THIS IS, IT'S A GOOD, IT'S, IT'S THE RIGHT THING TO DO THESE, I'M GONNA CALL 'EM BACKUP CYLINDERS. WE, WE WILL WE'LL HANDLE, I MEAN, WE'LL ACCOMMODATE ALL THE PVS OR JUST ONES AT A CERTAIN TERMS. THIS WILL ONLY, THE ONES THAT WE BID FOR THIS ONLY ARE THE ONES AT CT 25. OKAY. YES. YES. JUST ONE. YEAH. AND THAT, THAT'S, THAT IS, YOU KNOW, GEEZ, THAT THAT IS ONE POINT THAT THIS DOESN'T NECESSARILY SATISFY OUR NEEDS OF BBS AT CT 28. WELL, WE, WE WILL, WE'LL SEE. HOPEFULLY, HOPEFULLY WE WON'T EVER NEED ANYWHERE ELSE, BUT IF WE DO, WE'RE NOT GONNA CONSIDER IT SIMILAR STRATEGY. THESE WILL BE BROUGHT ONTO THE BOOKS AS CAPTAIN SPARES IN A SECOND. UH, ANY FURTHER DISCUSSION? ALL ON PAPER RIGHT HAND. THAT'S UNANIMOUS. HEY, JEFFREY, I THINK YOU CAN SET [F.7 Update on Mobility Study - Real Estate Committee] UP NEXT UPDATE ON MOBILITY STUDY CHAIRMAN. AND WE, WE'VE HAD SOME DISCUSSIONS. I, WE HAD SOME DISCUSSION THIS MORNING AROUND THIS ALREADY, BUT THIS IS ANOTHER EFFORT THAT THE, THAT THE REAL ESTATE COMMITTEE IS, IS WORKING, WHICH IS A GOOD COMMITTEE WITH, WITH THE CITY INVOLVED AS MY, MY CHAIRMAN OF VICE OVER THERE, UH, AND WILLIE AND RICHARD. AND WE TALKED ABOUT, YOU KNOW, WE'VE COMMITTED THAT, YOU KNOW, IF, IF, IF THERE IS GOING TO BE AN EXPANSION AT FIFTH TERMINAL 10, THIS BECOMES, HAVING THIS STUDY DONE IS A REALLY IMPORTANT PREDECESSOR TO MAKING THAT DECISION. AND SO WE'VE GOT A PROPOSAL, I THINK YOU GUYS, THE TEAM HAS WORKED THROUGH, I THINK YOU GUYS GOT THE COMMENTS THAT, UH, THIS IS THE WORK THAT DAVID FINKLEY DID WITH BOB'S COMMENTS AND READ. AND SO AGAIN, WE TALKED ABOUT CERTAINLY ENCOURAGE BOARD TO MAKE HIS COMMENTS AND ROGER, JEFFREY AND, AND JULIO MAKING YOUR INPUT IN THIS. AND THEN WE HAVE A MEETING TOMORROW, RIGHT? THREE O'CLOCK WITH, UM, UM, LOUIS LEWIS. YEAH, LOUIS BA, THE B OF BA AND TO REALLY GIVE US, AND I THINK SHEILA MADE THE REALLY GOOD INPUT AT OUR MEETING LAST TIME ABOUT, HEY, WE NEED TO GET SOME OUTSIDE EXPERTISE INTO THIS TO MAKE SURE THE SCOPE, UH, AND, AND THE HOW AND THAT WE'RE ASKING THE RIGHT QUESTIONS, MOBILITY VERSUS TRAFFIC AND THESE KIND OF THINGS. SO I THINK WE'VE GOTTA KIND OF, KIND OF GOT A GOOD, SAY COALESCENCE AROUND WHAT'S IN THIS DOCUMENT AS FAR AS THE MECHANICS, BUT WE WANT TO VALIDATE THAT WITH LEWIS AND WE'LL DO THAT TOMORROW. AND SO I WOULD CERTAINLY ENCOURAGE ANY OF THE, YOU KNOW, NON REAL ESTATE COMMITTEE MEMBERS. IF YOU KNOW YOU'RE LOOKING FOR SOMETHING TO DO AT THREE O'CLOCK TOMORROW, COME, COME JOIN US. I, I THINK, WE'LL, IT'LL BE A GOOD DISCUSSION WITH, YOU KNOW, LEWIS IS A VERY KNOWLEDGEABLE PERSON AROUND THESE TYPES OF ISSUES. SO HAVING A, KIND OF PICKING HIS BRAIN ON HOW WE CAN MOVE THIS FORWARD. 'CAUSE MY, MY GOAL REALLY IS, IS TO HOPEFULLY GET THE GOOD INPUT THERE TOMORROW, AND THEN IF WE CAN, CAN WE MAKE A RECOMMENDATION TO MOVE THIS PROPOSAL TO, YOU KNOW, ROGER AND STAFF AND THAT THIS ROB WIKE AND, AND OTHERS AT THE CITY WITH JEFFREY AND JULIO AND THE RIGHT PEOPLE TO KIND OF DEVELOP FURTHER FLESH THIS OUT PLAN WISE A PROPOSAL, AND THEN GIVE US A RECOMMENDATION ON HOW DO WE PROCEED TO GET THIS EXECUTED, OR AT LEAST GATHER PER GATHER BIDS OR SELECT THE VENDOR AND, AND MOVE THIS FORWARD. BECAUSE I THINK IT'S IMPORTANT FOR US TO REALLY UNDERSTAND, YOU KNOW, THE MOBILITY ISSUES AROUND THE EXISTING POOR TERMINALS. AND THEN I THINK THE CONCEPT IS YOU STRESS TEST THAT WITH A POTENTIAL FIFTH TERMINAL. WHERE ARE THE GAPS? WHERE, WHERE ARE THE ISSUES? AND, AND REALLY HELPING US IDENTIFY THOSE, UH, SO THAT WE CAN PROVIDE SOLUTIONS TO, TO THOSE. OKAY. I JUST WANT TO THANK YOU AND I WANT TO THANK THE COMMITTEE FOR THIS. I, I WAS READING THROUGH THE SCOPE. GREAT JOB ON THAT, I THINK. AND, UH, I'LL GET THIS TO THE CITY COUNCIL MEMBERS AND REQUEST THAT THEY GET INPUT BACK TO YOU GUYS HERE IF THEY HAVE ANY. AND I, AND I'LL, I'LL COMMENT YOU, MARIE AND, UH, SHARON, UM, BOB OF COURSE HAVE, HAVE BEEN VERY WILLING PARTICIPANT, I MEAN, SOME OF THIS IS A, IS A BIT LIKE, UH, YOU KNOW, MAKING SAUSAGE KIND OF GRINDING THROUGH THE PROCESS, BUT THEY'VE BEEN VERY, VERY GOOD AT IT. AND I WHAT ALSO COMPLIMENT DAVID FINKLEY HAS BEEN A BIG HELP IN, YOU KNOW, HE'S GOT ACTUAL, SOME EXPERTISE ON HOW TO DO THIS. SO IT'S, IT IS, IT IS A GROUP EFFORT AND I THINK A REALLY GOOD EXAMPLE OF HOW THE CITY AND THE PORT CAN WORK TOGETHER. AND ROGER, WE CAN THANK YOU FOR YOUR INPUT AND GUIDANCE IN SOME OF THIS. I THINK IT'S A REALLY GOOD TEAM EFFORT. I THINK WE'VE MADE GOOD PROGRESS AND HOPEFULLY TOMORROW WE CAN KIND OF COALESCE AROUND THE, YOU KNOW, KIND OF A ROUGH, YOU KNOW, FINAL ROUGH DRAFT THAT WE CAN THEN TURN OVER TO SOME FOLKS TO GO FURTHER MOVE FORWARD. AND TOMORROW'S MEETING WON'T BE NEARLY AS LONG AS TODAY. , YOU COULD PROBABLY SAY THAT WITH THE STRONG ASSURANCE, GREAT CONFIDENCE. ANY OTHER DISCUSSION? OKAY. WE'LL [F.8 Discuss and Consider First Amendment to Lease Agreement between Robert W. Jones and Mary T. Jones and the Board of Trustees of the Galveston Wharves (120/1228 Harborside Drive - Tony Brown] MOVE TO ITEM F EIGHT. DISCUSS AND CONSIDER A FIRST AMENDMENT TO THE [02:00:01] LEASE AGREEMENT BETWEEN ROBERT W. JONES AND MARY T. JONES AND THE BOARD OF TRUSTEES OF THE GALVESTON WHARFS 12 1 20. SO 1, 2, 2 2 8 HARBORSIDE DRIVE. TONY BROWN. I THINK IT'S PROBABLY 1 2 0 0. 1 2 0 1 2 0 1. OKAY. BUT ANYWAY, THIS WAS BROUGHT BEFORE THE BOARD LAST MONTH, AND THERE WAS SOME QUESTIONS ABOUT IT, BUT THE ISSUE WAS A RIGHT OF WAY. AND ONE QUESTION WE HAD TO LOOK AT WAS THE PROPERTY PLACED UNDER THE BOARD'S MANAGEMENT AND CONTROL WAS KEYED TO THE 1940 DEED FROM THE GALVESTON WHARF COMPANY TO THE CITY AND TRAIPSING THROUGH THE MEETS AND BOUNDS. IT DID END 10 FEET NORTH OF WHERE IT SAYS A A RIGHT OF WAY. SO IT WAS THERE. AND SO THIS IS PROPERTY THAT, YOU KNOW, WENT THROUGH THE ABANDONMENT PROCESS AND BECAUSE THE CITY OWNS IT AND IT, THERE'S NO MECHANISM FOR GIVING NOTICE TO SOMEONE OTHER THAN THE OWNER WHO'S HAS MANAGEMENT AND CONTROL OF THE PROPERTY. THAT'S HOW THIS ALL WENT THROUGH AND WENT DOWN. SO IT'S, UM, THERE, HE OWNS IT. WE DID TALK ABOUT A POSSIBILITY OF EXCHANGING IT FOR ANOTHER 3,800 FEET AND JUST KEEP REDUCING THE SIZE. HE WASN'T REALLY INTERESTED IN THAT. AND THIS IS JUST AS BEFORE IT CONTINUES, IT JUST ADDS THAT AMOUNT AT THE SAME RENTAL RATE PER SQUARE FOOT. OKAY. RICHARD, YOU WANNA GO? SHE, I'M SORRY, GO AHEAD. I WAS GONNA MOVE, UH, I'S GONNA MAKE A MOTION THAT WE'LL APPROVE THIS. MM-HMM. I'LL SECOND THAT. OKAY. HAVE A MOTION. AND SECOND, AS I RECALL AT THE LAST MEETING, IT WAS DEFEATED THREE TO FOUR OF THREE FOUR. UH, OR TO DEFER IT, MAYBE DEFER, WE WANT FLESH, FLESH OUT THIS ISSUE AROUND THIS, IF THAT WAS VIABLE. OKAY. WHATEVER. IT DIDN'T PASS FOR DISCUSSION PURPOSES, IT LOOKS LIKE THERE COULD BE SOME OTHERS THAT WE MAY NEED TO ADDRESS THAT WE MAY WANT TO TALK TO THE CITY, PERHAPS TO HEAD THIS OFF OF MAYBE ADJUSTING THE MANAGEMENT CONTROL OR SOMETHING BY ORDINANCE OR WHATEVER. YEAH. SO CAN STUMBLE INTO, RIGHT. STUMBLE INTO THESE. IT'S PERHAPS TWO OTHER BLOCKS. OKAY. ANY OTHER DISCUSS HERE AN ACRE, I THINK. SOMETHING LIKE THAT. YEAH, THAT'S RIGHT. OKAY. VOTE ALL IN FAVOR. MOTION. THAT'S APPROVED UNANIMOUSLY. OKAY. [F.9 Discuss and Consider Compensation of the Port Director/CEO - Board of Trustees] UH, NEXT UP, DISCUSS AND CONSIDER COMPENSATION OF THE COURT DIRECTOR, CEO. UH, CHAIRMAN JEFF. CHAIRMAN JEFF OF THE COMPENSATION COMMITTEE. SO WE MET ON DECEMBER 9TH. AND I GUESS THE, JUST TO GIVE A LITTLE BACKGROUND FOR, I THINK MOST OF THE BOARD HAS HEARD THIS MULTIPLE TIMES, BUT ALSO FOR THE PUBLIC, UH, 'CAUSE THAT WAS, THAT WAS A PUBLIC MEETING ALSO, BUT WE KIND OF WENT THROUGH THREE PIECES, UH, WAS REALLY TRYING TO BETTER UNDERSTAND THE MARKET DATA FOR REALLY OUR CEO AND CFO AND ASSISTANT BOARD DIRECTOR ROLE. AND WITH THAT WE HAD HIRED KORN FERRY TO, WHICH IS A VERY LARGE, WELL KNOWN, UH, HUMAN RESOURCES COMPENSATION FIRM TO PROVIDE US WITH MARKET DATA. SO REALLY WAS DIGESTING THAT UNDERSTANDING WHERE, YOU KNOW, WHAT, WHAT IS THE RIGHT MARKET COMPARISON FOR THOSE ROLES. BECAUSE I THINK WE'VE STRUGGLED IN THE PAST A BIT WITH THE FACT THAT, YOU KNOW, PORTS ARE KIND OF UNIQUE AND I THINK WHAT'S COMING, IF YOU SEE ONE PORT, YOU'VE SEEN ONE PORT. AND SO WHAT'S THE RIGHT MARKET BASIS FOR, UH, DETERMINING THOSE COMPENSATION? YOU KNOW, WHAT IS THE, WHAT ARE THE ROLES VALUED AT? AND SO WHAT KORN FERRY DID, AND IT'S IN, IT'S IN THE HANDOUT, I, WE DON'T THINK IT SLIDES UP, BUT IT'S ON THE, IT'S ON THE WEBSITE. BUT BASICALLY THEY LOOKED AT, YOU KNOW, BACK UP THERE, WE HAD SAID LAST YEAR WITH RICHARD, WHICH CHAIR, THE COMPENSATION COMMITTEE, THAT WE KIND OF WANTED TO LOOK AT THE TOP 10 CRUISE PORTS IN THE US AND WE WERE REALLY ONLY ABLE TO GET LAST YEAR ONLY DATA ON SEVEN OF THEM, BECAUSE THREE WERE PRIVATE. AND SO THAT'S NOT A REAL ROBUST DATA SET. SO YOU WOULD HAD THE SUGGESTION, I THINK, RICHARD, TO GO ENGAGE WITH KORN FERRY, AND I THINK VIC, YOU HELPED US GET THAT TOGETHER. SO BASICALLY WHAT THEY DID, IF YOU LOOK ON SLIDE OR PAGE FIVE, THEY TOOK THREE DATA SETS. SO THEY BASICALLY HAD THE AMERICAN ASSOCIATION OF PORT AUTHORITIES, WHICH WE HAD ACCESS TO THAT, WHICH IS ONE SET OF SET OF DATA. THEY HAD THEIR OWN KIND OF INTERNAL DATABASE, WHICH WAS KIND OF A, A ALSO GOT INTO SOME OTHER MARITIME OPERATIONS AND LOGISTICS AREAS, NOT JUST, NOT JUST, UH, PORTS. AND THEN THEY ALSO HAD SOMETHING CALLED THE ECONOMIC RESEARCH INSTITUTE, WHICH WAS EVEN A BROADER LOOK THAT EVEN GOT INTO SOME DIFFERENT KIND OF TRANSPORTATION, MAYBE AIRPORTS OR OTHER KIND OF THINGS. [02:05:01] AND SO WITH THAT, THEY KIND OF SUMMARIZED, UM, IF YOU LOOK ON SLIDE SEVEN OR SLIDE EIGHT, REALLY, THEY KIND OF PUT TOGETHER THE BARS THERE ON BASICALLY BASE SALARY AND TOTAL COMPENSATION. AND SO THAT WAS ONE OF, ONE OF OUR THINGS TO DO WAS TO UNDERSTAND THAT DATA SET. AND THEN THE SECOND PART OF IT WAS DECIDE WHERE SHOULD OUR INDIVIDUALS, AND WE REALLY FOCUSED ON THE CEO ROLE AS THE COMPENSATION COMMITTEE. AND I THINK THE OTHER PART OF THIS IS WE, YOU KNOW, WE, ROGER HAS THE DATA ON THE OTHER TWO ROLES FOR HIM TO DO KIND OF THE SAME EVALUATION, BUT WE KIND OF FOCUSED ON THE, UH, CEO ROLE AND WHERE, WHERE IN THAT RANGE SHOULD, SHOULD OUR, YOU KNOW, OUR CEO FALL. AND WHAT KORN FERRY'S GUIDANCE WAS, IS THAT, YOU KNOW, YOU GOT SOMEBODY THAT'S IN A ROLE FOR FOUR TO SIX YEARS, HAS, YOU KNOW, GOOD PERFORMANCE THAT YOU'D EXPECT THEM TO MAYBE FALL IN THE 50 PERCENTILE RANGE OF THOSE, YOU KNOW, YOU GOT A RANGE OF SALARIES IS REALLY WHAT THEY GAVE US. AND SO, BUT THE OTHER THING THEY SAID IS IF IT'S SOMEBODY'S BEEN A ROW SIX TO EIGHT YEARS, YOU KNOW, EXCEPTIONAL PERFORMANCE THAT YOU'D EXPECT 'EM TO MAYBE CLOSER TO THE 75TH PERCENTILE. AND SO THAT WAS KIND OF OUR, OUR BALLPARK WE PLAYED IN. AND THEN, THEN THE, BASICALLY THEN THE NEXT STEP WAS TO FIGURE OUT A CASE. SO BASED ON THAT, WHERE, YOU KNOW, WHAT PAY ACTIONS DO WE TAKE? AND SO I GUESS OUR DETERMINATION WAS THAT, YOU KNOW, OUR CEO BASED ON VERY STRONG PERFORMANCE THIS YEAR, YOU KNOW, THREE POINT WHAT, SIX, SIX OUT OF FOUR TONY WRIGHT? CORRECT. SO, YOU KNOW, EXCEPT THAT YOU WOULD SAY ABOVE MEET ABOVE EXPECTATIONS, UH, YOU KNOW, SIX, SEVEN YEARS, EIGHT YEARS OF, OF, OF, OF TENURE. AND, YOU KNOW, THE ABILITY TO, FOR US TO BE ABLE TO REPLACE THAT ROLE THAT YOU'D EXPECT, THAT COMMITTEE FELT THAT THAT WOULD PUT YOU SOMEBODY IN THE 75TH PERCENTILE. SO BASED ON THAT, IF YOU LOOK AT, YOU KNOW, SLIDE EIGHT IN THOSE, THOSE PURPLE BARS, AND I SAY FOR CRAIG, 'CAUSE HE'S COLORBLIND, THE ONE'S ON THE FAR RIGHT THERE IN THE BASE SALARY, UH, THAT, THAT 75TH PERCENTILE NUMBER WOULD BE $481,000 A YEAR FOR THE BASE SALARY AND 591,000 FOR, UH, TOTAL COMPENSATION. AND I GUESS TO, TO PREFACE THAT, THAT WHAT THEY FOUND, IF YOU LOOK AT THE CURRENT SALARY OF THE CEO, THAT BASE SALARY WAS AT 60TH PERCENTILE. SO IN, IN ABOVE 50%, BUT IT 60TH PERCENTILE TOTAL CASH. WHERE WE KIND OF FELL MAYBE A LITTLE BIT SHORT WAS IN THE 42ND PERCENTILE. SO THERE WAS A PRETTY STRONG, I GUESS SOME OF THE OTHER ROLES IN INDUSTRY HAVE A FAIRLY STRONG, YOU KNOW, PERFORMANCE BASED, OR I THINK WE CALL IT BONUS IN THE, YOU KNOW, WORLD, UH, ADDITION TO THAT COMPENSATION. SO BASED ON ALL THAT, UM, WHAT THE COMMITTEE REC, THE COMMITTEE RECOMMENDATION WAS, WAS TO INCREASE THE PORT DIRECTOR SALARY TO THAT $481,000 A YEAR, WHICH IS A, IT'S A, IT'S A BIG BUMP FROM THE, THE 3 85 THAT HE CURRENTLY MAKES. SO THAT'S A 25% INCREASE. AND THEN CHANGE, WE, WE HAVE A PERFORMANCE BASED COMPENSATION PIECE, WHICH IS SET AT MIDPOINT AT 10% OF BASICALLY TOTAL NET NET REVENUE. UH, NO, IT'S, UH, NET OPERATING INCOME AFTER DEPRECIATION AFTER DEPRECIATION. THANK YOU. AND SO THAT'S AT 10%, BUT BASED ON A SCALE, IT COULD GO FROM, FROM EITHER 8% TO 12%. AND SO THE RECOMMENDATION TO GET THAT SALARY AND TOTAL SALARY CLOSER TO THE 60% OR 75% WOULD BE DECREASED THAT MIDPOINT TO 20% OVER THE 10% IT CURRENTLY IS. SO THAT WOULD PUT THAT TOTAL COMPENSATION, IF IT TOTALLY FELL THROUGH, TOTALLY CAME THROUGH AT THE 20% WOULD BE 577,000 TOTAL. SO 4 81 SALARY AND A 5 77 FOR THE POTENTIAL OR THE TOTAL KIND OF MIDPOINT WITH THE PERFORMANCE BASED COMPENSATION. SO THAT WAS OUR RECOMMENDATION AS A COMMITTEE. SO I GUESS I WOULD, I WOULD, I WOULD MAKE THAT MOTION THAT WE, UH, INCREASE RISE, INCREASE THE SALARY TO FOUR 81,000 PER YEAR, PLUS THAT 20% MIDPOINT OF THE PERFORMANCE BASED COMPENSATION BASED ON THE TOTAL, THE OPERATING REVENUE, REVENUE REVENUE, OPERATING INCOME AFTER. THANK YOU. WHAT TONY SAID, ALWAYS GET, I'LL SECOND THAT IF, WELL, BEFORE I ASK FOR A SECOND, UH, THERE'S A THIRD HALL IN MOTION ABOUT INSTRUCTING, UH, THE ATTORNEY TO DRAFT A CHANGE TO THE POLICY. AND THANK YOU. AND I, I WAS GONNA BE ABLE TO DO THAT IN SEPARATE, BUT IT'S OKAY. WE'LL, WE'LL, WE'LL INCLUDE IT. THE, THE OTHER THING IS OUR CURRENT POLICY, UM, BASICALLY SAYS THAT WE WILL USE THOSE 10 CRUISE PORTS OF, OF WHICH WE CAN ONLY GET SEVEN THIS DATA. I THINK WE'VE, THROUGH THIS PROCESS, WE'VE DECIDED WE REALLY WANT TO GO MORE TO A MARKET BASED APPROACH. WE DON'T WANNA SAY NECESSARILY KORN FERRY. I MEAN, WE COULD USE OTHER, OTHER SOURCES THERE, BUT THEN WE NEED TO HAVE A MARKET BASED APPROACH GOING FORWARD VERSUS THE, JUST THE TOP 10 CRUISE WORDS. [02:10:01] SO I WOULD, I WOULD ADD, THANK YOU, VIC. THAT MEANS MY SECOND AS WELL. OKAY, GOOD. IN, IN DISCUSSION, OBVIOUSLY IT'S A BIG RAISE. UH, THE MAYOR HAD ASKED FOR SOME INFORMATION FRIENDLY, WHICH I PROVIDED TO SHOW THE GROWTH IN, IN, AND THE REVENUE AND THAT INCOME OF THE BOARD OVER THE LAST FIVE YEARS, AND HOW THE PERCENTAGE OF SALARY OR COMPENSATION IS IN LINE, UH, WITH WHERE IT WAS BEFORE, BECAUSE WE'VE HAD PHENOMENAL GROWTH. SO I THINK I'VE, I'VE GIVEN YOU THAT INFORMATION. WE GOT THE INFORMATION FROM RICHARD'S DEAL, AND SO I'M SUPPORTIVE OF IT, BUT I UNDERSTAND IT'S A BIG NUMBER. SO UNDERSTAND, SOME PEOPLE MAY NOT BE SUPPORTIVE, AND THAT'S FINE. SO I'LL OPEN IT UP FOR A DISCUSSION. IS THERE A SECOND? UH, WE ONLY MADE THE SECOND. YEAH. I JUST WANNA SAY, ROGER, THANK YOU FOR THE WORK THAT YOU'VE DONE AND ALSO OUR RELATIONSHIP WITH THE CITY. I THINK THAT'S MADE A BIG IMPROVEMENT IN, IN THE PUSH DIRECTION MOVING FORWARD. I THINK THAT'S A, I'M SORRY, SHEILA. I THINK IT'S A VALID POINT THAT IN THE FEEDBACK THAT WE, WE REVIEWED, THERE WAS A LOT OF POSITIVE COMMENTS FROM THE BOARD, UH, ABOUT IMPROVEMENT IN WORKING THE WORKING RELATIONSHIP WITH THE CITY, TRANSPARENCY AND WORKING WITH THE BOARD. SO THANK YOU FOR, YOU KNOW, THAT WAS FEEDBACK THAT HAD BEEN GIVEN LAST YEAR, AND I THINK THAT WAS TAKEN TO HEART AND THERE WAS NOTICEABLE IMPROVEMENT IN THOSE AREAS IN, IN 2025. SO THAT'S, THAT'S, THANKS TO YOU, ROGER. THANKS, SHIELD. UM, I HOPE THAT I CAN FIND THE RIGHT WORDS TO SAY THIS. UM, I ADD MY THANKS TO YOU AND MY APPRECIATION AND GRATITUDE TO YOU FOR A JOB WELL DONE. UM, WE HAVE GROWN, DARE I SAY THAT YOUR TEAM OF PEOPLE WITH YOU AS ITS LEADER HAVE BEGUN TO RESHAPE THIS COMMUNITY. UM, ALL OF THOSE THINGS ARE COMPLETELY, IN MY MIND, TRUE AND APPROPRIATE WHERE I COME FROM, WHICH HAS ALWAYS BEEN, WELL, 35 YEARS OF SERVICE IN, IN THE PUBLIC ENTITIES, THAT BEING THE SCHOOL DISTRICT AND UTMB, YOU, YOU WOULDN'T SEE A 25% RAISE UNLESS SOMEBODY WAS GETTING A PROMOTION. AND I, AND THEN IT WOULDN'T PROBABLY BE 25%, BUT IF THEY'RE GETTING A PROMOTION AND HAD A LOT OF EXTRA DUTIES ASSIGNED TO THAT, UM, I ALSO AM CONCERNED ABOUT WHAT THIS DOES TO THE, THE DISCREPANCIES THAT ARE GOING TO OCCUR BETWEEN YOUR SALARY AND YOUR LEADERSHIP TEAM. AND I KNOW THAT IS YOUR JOB, AND IT'S NOT MY JOB, BUT WHAT, WHAT'S GOING TO OCCUR WITH YOUR DIRECTORS AND YOU KEY PEOPLE THROUGHOUT THIS ORGANIZATION. MY UNDERSTANDING IS WE'RE GIVING A 4% RAISE TO OUR EMPLOYEES, AND I, I WOULD NOT BE ABLE TO SUPPORT 25% FOR THE BOSS WHO SITS A TOP OF A VERY SUCCESSFUL AND VERY EFFICIENT ORGANIZATION. BUT IT IS NOT BECAUSE OF PERFORMANCE. AND I INDICATED THAT IN YOUR PERFORMANCE EVALUATION. SO BECAUSE YOU INVITED US TO HAVE DIFFERENT VIEWS, THAT IS MY DIFFERENT VIEW. AND, UM, OH, I'M SORRY. I DO WANT, I LIKE JESS, THAT WE KIND OF DID FOCUS ON THE CEO'S SALARY. WE DID TALK ABOUT THE ASSISTANT DIRECTOR AND THE CFO AS WELL. UM, AND WE THOSE OPINIONS TO ROGER. YES. OKAY. ROGER HAS THE DATA ION. YES. ANY OTHER DISCUSSION? ERIC? JUST WANT TO, UH, I GUESS COMMEND KORN FERRY ON PUTTING TOGETHER A VERY DETAILED REPORT AND GOING OUT AND GETTING OTHER, UH, DATA AS WELL. A-A-P-A-E-R. I REALLY PAINTED A, A REALLY GOOD PICTURE OF WHAT THE BALLPARK SHOULD BE FOR ROGER'S POSITION. AND, UH, AND I THINK IT KIND OF REFRAMED THE CONVERSATION THAT MIGHT HAVE NOT BEEN FRAMED CORRECTLY IN THE PAST. SO I THINK THAT THIS ITERATION OF THE COMPENSATION COMMITTEE WITH THIS INFORMATION IN HAND, WAS ABLE TO COME TO A, A FAIR RECOMMENDATION TO THIS BOARD. ANY OTHER DISCUSSION? ONE, I MEAN, I, I, I'M NOT VERY SYMPATHETIC TO SHEILA'S COMMENTS ABOUT THE FACT THAT DISCREPANCY IN FAITH BETWEEN CEOS AND THE RANK AND FILE AND I THINK EDITORIALIZE, BUT I THINK IN THIS COUNTRY, THAT'S, THAT'S A, THAT'S AN UNFORTUNATE REFLECTION OF KIND OF THE, THE NATURE OF CEO JOBS. AND I WISH IT WASN'T THAT WAY. UH, I REALLY DO. BUT I, I THINK FOR US, THIS, YOU KNOW, WE HAD TO KIND OF LET THE C THE CEO ROLE BY ITSELF WITH THE DATA AND, AND YOU GOTTA LET THE DATA DRAW YOU TO THE [02:15:01] RIGHT'S, WHAT WE FELT LIKE WAS THE RIGHT CONCLUSION. OKAY. ANY OTHER DISCUSSION? ALL IN FAVOR? MOTION. RAISE YOUR RIGHT HAND. 1, 2, 3, 4, 5 OPPOSED? SAME TIME. TWO. MOTION PASSES. FIVE TO TWO. CONGRATULATIONS. OKAY, NEXT [F.10 Discuss and Consider Approval of Increase of Hourly Rates charged by Legal Counsel - Tony Brown] ITEM F 10, DISCUSS AND CONSIDER APPROVAL OF INCREASE OF HOURLY RIGHTS CHARGED BY LEGAL OF COUNSEL. PAUL BROWN. WELL, YOU PUT THIS, YEAH, THE FEE HAVE NOT CHANGED SINCE 2016, AND THEY'RE VERY LOW, WELL BELOW MARKET RATE. MADE IT WORK HERE BEFORE ON THE VOLUME, BUT YOU CAN'T DO IT ANYMORE. SO THE REQUEST IS TO GO UP, UH, $25 AN HOUR FOR ATTORNEYS, AND, UH, IT'S SET OUT IN THE BRIEFING. IT'S, UH, STILL BELOW MARKET RATE. OH, WAIT. BELOW 50% YOU MAKING, BUT I'M MINDFUL, YOU KNOW, WE DON'T WANNA MAKE A HUGE DEAL AND BUST THE BUDGET. SO, UH, SHEILA, FIRST, UM, I MOVE APPROVAL. OKAY. WE ALL, I THINK I KNOW HOW THE VOTING GOING. I DO APPRECIATE THE, WHEN TONY'S NOT HERE, I APPRECIATE THE, THE OTHERS THAT COME IN YOUR PLACE. THEY DO A FINE JOB. COULD ARE WE DISCUSSIONS? WE'RE GONNA DO DISCUSSIONS. THIS WHAT WE'RE DONE NOW. DISCUSSION. TONY, WHAT IS JUST, COULD YOU, COULD YOU SHARE WITH ME WHAT THE, WHAT THE MARKET, UH, RATE IS INSTEAD OF $200 CLOSER TO FOUR? I CAN VOUCH FOUR VOUCH FOR MORE THAN FOUR CONTRACT. 500. I SHOULD HAVE BEEN A LAWYER, BUT I HAD ETHICAL POUCH. YEAH. UH, YES. SO THAT YOU'RE WITH THE $25 IS 2 25? NO, TWO, TWO INTO THE BIG BUCKS. YEAH. HE'S GIVING YOU A 50. WE'RE WE'RE GETTING A DISCOUNT. I'LL BE QUIET. YEAH. OKAY. UH, ANY OTHER DISCUSSION QUESTION? MOTION, CARRIE UNANIMOUSLY. ITEM [F.11 Discuss and Consider for Approval of a payment in the amount of $921,224 to Department of Emergency Management] F 11, DISCUSSED AND CONSIDER FOR APPROVAL OF A PAYMENT AMOUNT OF 9 2 24. THE TEXAS DEPARTMENT OF EMERGENCY MANAGEMENT TEAM. UH, LAURA? YEAH, SO I GUESS FINALLY COMING CLOSER TO THE END, WE'RE ON OUR LAST PROJECT. WE MET, UM, NOVEMBER 3RD WITH, UM, TEXAS DEPARTMENT OF EMERGENCY MANAGEMENT TO GO OVER WHERE WE STOOD WITH THEM. AND WE BOTH CONCURRED THAT WE OWED ABOUT $2.4 MILLION. HOWEVER, WE HAVE $1.5 MILLION COMING TO US IN BARREL IN THE NEXT QUARTER. AND SO WE WOULD LIKE TO MAKE THE PAYMENT, UM, THE OFFSET OF THOSE TWO THINGS TODAY. AND THEN WHEN THE FEDERAL FUNDS COME, WE'LL WORK OUT TECHNICALLY HOW, WHETHER WE JUST RETURN THEM OR, OR PAY THEM BACK OR WHAT. OKAY. DO I HAVE A MOTION, SHEILA? YEAH. A MOTION SECOND. WILL ANY FURTHER DISCUSSION, UH, BEFORE WE VOTE? OH, OH, SHE HIT, I'LL JUST REMIND EVERYBODY. HURRICANE IKE WAS IN 2000, , 17 PLUS YEARS. IT'D BE GOOD TO GET HURRICANE IKE BEHIND US. GOOD THING. I JUST WANTED TO SAY, I, I DON'T KNOW HOW YOU, YOU ALL HAVE HAD THE PATIENCE AND YOU, LAURA, IN IN PARTICULAR, UH, TO, TO WORK THROUGH THIS, UM, THIS, THIS COULD HAVE BEEN A PRETTY SERIOUS ISSUE. MM-HMM . AND INSTEAD WE ARE IN A MUCH, MUCH BETTER POSITION, AND I WANNA THANK EVERYBODY WHO WORKED ON THIS BECAUSE, YOU KNOW, I DON'T WANNA PAY THEM 900,000, BUT I SURE DON'T WANNA PAY THEM 12 MILLION EVEN OR SO. AND I JUST COMMENT, I THINK YOU TALKED ABOUT IT A LITTLE BIT EARLIER, BUT I THINK WE REALLY APPRECIATE AS NIM KID AND , HOW THEY HAVE WORKED WITH US OVER THE LAST SEVERAL YEARS. I MEAN, WE'VE HAD A LOT OF HEAD ISSUES AND TURNOVER IN THE PAST, BUT I THINK THE LAST, I'M SPEAKING OUTTA SCHOOLS IN THE LAST SEVERAL YEARS, IT'S BEEN A REALLY GOOD RELATIONSHIP, PARTICULARLY WITH TEEM AND THANK THOSE GUYS FOR, FOR WORKING WITH US AND THE OFFSETS ON THE WORK WE'RE DOING ON THE WEST END AND WITH FEMA. SO I, I THINK THAT'S, I THINK WE'RE IN THE RIGHT DIRECTION AND THIS IS A GOOD, I THINK, TOKEN OF GOODWILL THAT SAYS, HEY, LET'S GET THIS, YOU KNOW, PAY THIS, THIS IS WHAT WE THINK IT TAKES TO SETTLE UP AND IF THERE'S ANY FINAL RESOLUTION, WE'LL DO IT. BUT I THINK IT'S JUST TO ME FOR US TO ACKNOWLEDGE THAT THE COOPERATION, THE SUPPORT WE'VE GOTTEN FROM TEEM AND FEMA THROUGH THIS PROCESS IN THE LAST SEVERAL YEARS. THANK YOU. UH, LAURA, I JUST WANT TO, UH, Y'ALL, Y'ALL HAVE DONE GREAT WORK WITH THIS. UM, THIS DOESN'T MEAN THAT WE'RE NOT [02:20:01] GONNA, LEMME LEMME SEE IF I CAN SAY THIS RIGHT. WE MAY SEE A REQUIREMENT TO MAKE ADDITIONAL PAYMENTS AT SOME TIME IN THE FUTURE. WELL, AS WE LOOK AT IT, WE'RE GOING TO, WE LOOK TO, WE ANTICIPATE RECEIVING $1.5 MILLION, RIGHT? IN BARREL. RIGHT? AND WE WOULD JUST EITHER TECHNICALLY, HOWEVER WE NEED TO DO THAT, WE WOULD EITHER NOT RECEIVE THOSE FUNDS OR RECEIVE THOSE FUNDS AND RETURN THE PORTION THAT IS THE BALANCE THAT WE MAY OWE. SO THERE'S A GOOD CHANCE THAT THIS WILL ABSOLVE ALL OF OUR, THE 9 21. YEAH, NO, WE, WE OWE 2.4. OKAY. OKAY. SO THAT'S WHAT I MEAN. WE WILL SEE SOME MORE STUFF. 1.5, 2.4 WORKING, WORKING THE PROBLEM, WORKING THE ISSUE. OKAY. OKAY. ALRIGHT. THE 1.5 FROM BARREL IS PART OF THE 2.4, CORRECT? YES. OKAY. ALL THE QUESTION. ALL IN FAVOR. THIS WILL BE A [F.12 Election of Officers Board of Trustees - Chairman Pierson] ELECTION OF OFFICERS. UM, IT'S TIME FOR ME TO PASS MAYOR, THE MAYOR. I WOULDN'T HAVE ASKED FOR A REAPPOINTMENT OR PUT MY NAME UP THE REAPPOINTMENT IF I KNEW I WAS GONNA BE ELECTED TO THE FEDERAL RESERVE BANK. AND THE TIME CONSTRAINTS, IT'S NOT A FACTOR TODAY, BUT IN JANUARY I HAVE A FIVE O'CLOCK AUDIT COMMITTEE MEETING IN DALLAS, AND IT WOULD BE IMPOSSIBLE FOR ME TO MAKE THAT, I'D HAVE TO LEAVE HERE AT TWO. SO, UH, JUST, IT'S JUST NOT PRACTICABLE FOR ME TO CONTINUOUS CHAIRMAN. AND SO, UH, IT'S BEEN A TRUE HONOR'S HOPE, AND I'M GOING STAY ON THE BOARD. I'M SERVE OUT MY TERM. I NEVER, I WANT TO, UH, FULFILL MY OBLIGATIONS, BUT YES, GO AHEAD AND FINISH. SO IT'S JUST, UH, IT'S HARD, BUT I HOPE THE COURT'S IN A BETTER PLACE. I THINK WE ARE. AND I ABSOLUTELY, YOU SEE GREAT THINGS COMING, COMING, UH, AHEAD FOR US. AND, UH, SO WE DISCUSSED IN THE EXECUTIVE COMMITTEE HOW THIS PROCESS WORKS. ANYBODY CAN BE NOMINATED, YOU CAN SELF NOMINATE. IT DOESN'T TAKE A SECOND. SO AT THIS POINT, I'M GOING TO ASK FOR SOMEBODY TO NOMINATE WHO WOULD LIKE TO BE CHAIRMAN OF THE BOARD OF TRUSTEES. OH, I'M SORRY. WELL, COULD I SAY IF YOU WOULD? YES. BEFORE WE DO THAT, I WANT ON BEHALF OF THE CITY VIC, I WANTED TO THANK YOU FOR YOUR SERVICES CHAIRPERSON. IT'S BEEN A PLEASURE WORKING WITH YOU THROUGH THESE, THE TERM HERE AND, UH, THE COURT. AND THIS IS A COMPLIMENT TO YOU, TO THE OTHER TRUSTEES AND TO ROGER AND HIS STAFF. THE COURT IS, UH, MOVING FORWARD WITH UNBELIEVABLE SUCCESS. I THINK WE LOOK BACK AND SEE THAT THESE WERE THE TIMES THAT THE PORT WAS SO SUCCESSFUL AND WITH THE SHINING LIGHT IN THE COMMUNITY FROM THE STANDPOINT ECONOMIC DEVELOPMENT. SO I JUST WANTED TO EXTEND MY PERSONAL THANK YOU. WELL, VIC, UH, SAME THING. IT'S NO QUESTION WHERE YOUR HEART IS OBVIOUSLY, UM, THAT YOU WEAR ON YOUR SLEEVE. AND, UH, WHAT YOU'VE GIVEN TO THIS BOARD IS, IS HIGHLY APPRECIATED. NOT JUST US, BUT THE, THE CITIZENS AND OF COURSE STAFF HERE. UM, WE'RE GONNA MISS YOU, BUT WE'RE BEING CHAIR. YEAH. THANK YOU VERY MUCH FOR CONTINUING TO SERVE ON THE BOARD BECAUSE YOU'RE NEEDED HERE AND I THINK YOU STILL HAVE WORK TO DO. SO APPRECIATE YOU STILL. THAT BEING SAID, I'D LIKE TO NOT AN, HAVE JEFF PATTERSON, WHO'S BEEN A VERY KEY MEMBER ON THIS BOARD, UH, HEADING COMMITTEES OF DIFFERENT TYPES OF BATTLESHIPS AND ALL PROVEN LEADERSHIP. SO I HOPE YOU DON'T, BUT I DO, I DO APPRECIATE THAT. I'LL KEEP THAT IN MY POCKET. SO IF THERE'S NO OTHER NOMINATIONS, I WOULD MOVE IT THAT WE NOT ENTERTAIN ANYMORE. ARE THERE ANY NOMINATIONS? ARE THERE ANY OTHER NOMINATIONS? PRO HOW ABOUT I ASK FOR A VOTE FOR JEFF PATTERSON AS THE CHAIR. THAT'S UNANIMOUSLY. THANK YOU. I'M VERY, I AM TRULY NOW THAT CREATES AN OPENING IN THE POSITION OF VICE CHAIR. AND SO, UH, I GUESS TONY, AT THIS MEETING, WE, WE SHOULD ASK FOR NOMINEES, NOMINATIONS FOR VICE CHAIR. I WOULD, OKAY, GO AHEAD RICHARD. I'D LIKE TO, I'D, I'D LIKE TO NOMINATE SHEILA LEAD STONE IS THE VICE CHAIRMAN. SHE'S, SHE'S BEEN ON THE BOARD FOR QUITE A WHILE AND HAS BEEN A, UH, OFFICER ON MANY BOARDS. AND [02:25:01] I CERTAINLY APPRECIATE HER WISDOM ON THESE THINGS. SO I NOMINATE SHEILA. OKAY. DO WE HAVE ANY OTHER NOMINATIONS? I'D LIKE TO NOMINATE LEE GONZALEZ TO VICE CHAIR POSITION. OKAY. ANY OTHER NOMINATIONS IS THE WAY I UNDERSTAND IT. WE, OR IF THERE'S NO OTHER NOMINATION, WE'LL HAVE THE VOTE AND YOU TAKE, YOU TAKE THEM IN THE ORDER THEY'RE NOMINATED. HOLD THEM. VOTE FIRST ONE TO FOUR VOTES. YES. OKAY. ALL IN FAVOR OF TRUSTEE SHEILA LID STONE. RAISE YOUR RIGHT HAND. THAT'S THREE ALL FOR TRUSTEE WILLIAMS. GONZALEZ. RAISE YOUR RIGHT HAND. THAT'S FOUR SIR. CORRECTIONS WILLIE. SURE, YOU'RE WELL DESERVED. AND OBVIOUSLY A FOUR THREE VOTER IS NEVER EASY. SO WITH THAT, THAT'S PROBABLY SOMETHING YOU SHOULD HAVE DONE. YOU, YOU'RE DOING GOOD. UH, WELL, I'LL FINISH OUT THIS MEETING. HOW'S THAT? IF ANYBODY [F.13 Discuss and Consider January 2026 Agenda Items] DISCUSS AND CONSIDER JANUARY 20, 26 AGENDA ITEMS. OKAY. IF NOT, THE NEXT MEETING IS JANUARY, JANUARY THE 27TH. WE'LL GO AROUND THE ROOM. AND ANY [G. COMMENTS FROM THE BOARD OF TRUSTEES] COMMENTS FROM THE TRUSTEE? SHEILA? NO, THANK, UH, JEFF, MR. OR SHOULD I SAY, MR. CHAIRMAN, ONE LAST TIME? I ECHO THE SENTIMENTS, VIC, ABOUT YOUR LEADERSHIP AND IT'S REALLY BEEN, I I'VE REALLY ENJOYED WORKING WITH YOU AND AGAIN, WE'LL CONTINUE TO WORK TOGETHER, BUT I REALLY ENJOYED YOUR LEADERSHIP AND YOUR STYLE OF LEADERSHIP. I THINK AS, AS DR. BROWN SAID, YOU, YOU BROUGHT US TOGETHER. NOT THAT, YOU KNOW, WE HAD HUGE GAPS AND HUGE ISSUES, BUT YOU, YOU BROUGHT US TOGETHER. YOU, YOU HELPED US WORK WITH THE CITY, WITH THE STAFF, AND I THINK YOUR, YOUR CALMNESS AND YOUR EXPERIENCE AND THE WAY YOU MANAGE THINGS HAS BEEN, BEEN A REAL FOR ME. IT'S BEEN INSPIRING. I REALLY ENJOYED, AND I'LL MISS YOUR, YOUR CHAIRMANSHIP ROLE, BUT I'M GLAD THAT YOU'RE STAYING ON, UM, FORWARD, UH, FOR AND FOR, FOR US. AND I GUESS THE OTHER PART IS JUST TO THANK THE STAFF FOR, I MEAN, IT'S BEEN A REALLY GOOD YEAR GUYS, AND THANK TO EVERYBODY FOR ALL THE HARDWARE. I MEAN, WE DIDN'T GET HERE BY ACCIDENT, ROGER. YOU BUILT A BUILT AND LED A GREAT TEAM, BUT IT'S, IT'S, IT'S REALLY PAID OFF AND I THINK REALLY PROUD OF WHAT WE'VE ACCOMPLISHED TOGETHER AND WHAT WE CAN ACCOMPLISH GOING FORWARD. AND THEN WITH THAT, JUST WISHING EVERYBODY A MERRY CHRISTMAS AND, UM, HAPPY HOLIDAYS. AND AGAIN, IF YOU'RE BORED SITTING AROUND, NOTHING TO DO TOMORROW. COME COME TO THE, UH, REAL ESTATE COMMITTEE MEETING AT THREE O'CLOCK. LEARN ABOUT MOBILITY AND TRAFFIC STUDIES. THANK YOU. THANK YOU, MR. CHAIRMAN. JUST LIKE TO ECHO THE REST OF THE BOARD SENTIMENTS. UM, JEFF, YOU HAVE SOME BIG SHOES TO FILL. I HAVE SOME VERY BIG SHOES. BOOT, ACTUALLY. BOOTS. YEAH. BIG. UH, APPRECIATE ALL YOU'VE DONE ON THIS BOARD AND MANY OTHERS. UH, YOU ARE CERTAINLY, UH, AN INSPIRATION TO ALL OF THE COMMUNITY AND, UH, LOOK FORWARD TO, YOU KNOW, JEFF CARRYING THAT TORCH AND LOOKING, LOOKING FORWARD TO YOU STANDING ON THE BOARD AND KEEPING UP THE GOOD WORK. AND, UH, AGAIN, MERRY CHRISTMAS, HAPPY HOLIDAYS TO EVERYONE AND STAY SAFE OUT THERE AND BE CLOSE TO YOUR FAMILY AND, YOU KNOW, GIVE 'EM ALL YOUR LOVE. SO I'D JUST LIKE TO TELL EVERYBODY MERRY CHRISTMAS AND HAPPY NEW YEAR AND APPRECIATE ALL OF YOUR EFFORTS AND FOR THE PORT, AND AGAIN, I REALLY APPRECIATE BEING ABLE TO WORK UNDER YOUR LEADERSHIP. THANK YOU, LILY. I'VE ALREADY TOLD YOU ABOUT SOMETHING ABOUT VIC, BUT, UH, JUST MERRY CHRISTMAS, SARAH. LOOKING FORWARD TO NEXT YEAR, MAYOR. VERY GOOD. UH, AGAIN, VIC, UH, THANK YOU FOR YOUR, UH, ALL OF YOUR EFFORTS AS THE CHAIRMAN HERE. IT'S GREATLY APPRECIATED AND YEAH, I'M GLAD YOU'RE STAYING ON THE, UH, BOARD ITSELF. THAT'S, THAT'S GONNA BE VERY HELPFUL. UH, MERRY CHRISTMAS TO EVERYONE. UH, HAPPY HOLIDAYS TO YOU AND YOURS. UH, CONGRATULATIONS TO OUR NEW CHAIRPERSON AND TO OUR VICE CHAIR. SO, UH, WANTED TO SAY AND UH, TO ALL THE STAFF HERE AT THE BOARD, UH, MERRY CHRISTMAS TO YOU. UH, WE GO THROUGH ALL OF OUR ITEMS HERE AND DURING THE DISCUSSION IT'S AMAZING WHAT'S BEING ACCOMPLISHED AT THIS PORT ON SCHEDULE AND IN BUDGET. SO THAT'S SO, SO, UH, IT'S SO IMPRESSIVE TO BE SO THANK YOU TO OUR JUNIORS. AND THEN I'LL JUST, UH, THANKS FOR EVERYBODY, VIC, UM, REALLY ENJOYED WORKING WITH AND, UM, YOU HAVE BEEN A REALLY CALMING EFFECT THIS BOARD. YOU KEPT US LEVEL AND I'M CERTAINLY [02:30:01] GLAD YOU'RE STILL HERE AND, UM, WORK TO DO AND, UM, YOU KNOW, TEAR IT UP AT THE, AT THE FEDERAL RESERVE. DO WHAT YOU KNOW HOW TO DO AND THANK YOU. JUST ONE UNRELATED THING SINCE WE WON'T BE, THERE WON'T BE A BOARD MEETING BEFORE THEN. THE SCHOOL DISTRICT WILL BE HAVING HOSTING A RIBBON CUTTING FOR THE NEW BALL HIGH SCHOOL ON JANUARY 12TH AT 4:30 PM AND I KNOW THE SCHOOL BOARD IS ONE TO INVITE ALL OF YOU AND, UH, THAT ARE AVAILABLE TO COME AND ATTEND. SEE THE NEW HIGH SCHOOL LOVE. IT'S VERY IMPRESSIVE. IT'S 4 30, 4 30 JANUARY 12TH. HARD WORK. IT'LL BE ON THE NORTH SIDE OF AVENUE. SEE WHAT WE'RE BUYING, RIGHT? YEP. WE BOUGHT, BUT YOU'VE ALREADY BOUGHT. WELL THANKS AGAIN EVERYBODY. AND ROGER, JUST YOU AND THE TEAM YOU HAVE HERE, EVERYBODY, AND I GUESS, UH, GIB IN THE BACK, VIC FOR I THINK SOME OF THE YEAH. UH, YOU'LL PROBABLY NEED TO GET YOUR OWN. YES. THAT HAS YOUR NAME ON ANGIE'S ALREADY GOT ONE ORDER. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.