[Tax Increment Finance #1 Meeting on October 18, 2023. ]
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TIFF BOARD NUMBER ONE IS IN SESSION.
LET'S SEE, ON OUR AGENDA, WE HAVE, THE FIRST ITEM IS PUBLIC COMMENTS.
DO WE HAVE ANY COMMENTS FROM OUR VISITORS? I, ALL RIGHT, I'LL GIVE A COUPLE MORE CALLS JUST SO WE HAVE SOME TIME HERE AVAILABLE.
IS THERE ANY VISITORS WHO WOULD LIKE TO GIVE COMMENTS OUR FINAL CALL FROM COMMENTS FROM THE PUBLIC.
ALRIGHT, WELL THANK YOU ALL FOR COMING AND LISTENING TO OUR PROCEEDINGS AGENDA ITEM NUMBER TWO IS APPROVAL OF THE MINUTES FROM THE JANUARY 26TH, 2023 MEETING.
DO WE HAVE A MOTION TO APPROVE? TO APPROVE? YES.
ALRIGHT, AND WE HAVE A SECOND.
IS THERE ANY DISCUSSION? ALL RIGHT, THEN.
NOW ALL THOSE WHO APPROVE, PLEASE SAY AYE.
ANY OPPOSED? THERE IS NO OPPOSITION AND THE MINUTES ARE APPROVED.
ITEM NUMBER THREE, GENERAL UPDATES ON EXISTING PROJECTS.
GIVEN THAT WE DO HAVE A PRETTY HEFTY AGENDA TODAY, UM, I'D STILL LIKE TO STICK WITH OUR STANDARD APPROACH OF GIVING YOU AN UPDATE ON CURRENT PROJECTS UNDERWAY AND, UM, WE'LL KIND OF KEEP THAT A BIT BRIEF IN COMPARISON TO PAST UPDATES AND JUST GIVE YOU SOME SOME BIG HIGHLIGHTS.
SO IN REGARDS TO MANAGED DISTRICT SERVICES, WE ARE EXTREMELY EXCITED TO ANNOUNCE THE SOFT LAUNCH OF OUR, UH, DOWNTOWN GARLAND DISTRICT WEBSITE.
SO THIS HAS BEEN A PROJECT THAT'S BEEN, UM, A LONG TIME COMING.
THINK OF A WEBSITE DEDICATED TO THE DISTRICT ITSELF.
SO NO MATTER, UM, THE BUSINESS REPRESENTATION, THE, UH, ORGANIZATIONAL STRUCTURE BEHIND IT, THIS IS A WEBSITE TRULY REPRESENTING DOWNTOWN GARLAND AND IT TARGETS SEVERAL DIFFERENT AUDIENCES.
SO THIS WEBSITE WILL CONTAIN RESOURCES FOR LOCALS AND VISITORS TO REALLY ENHANCE THEIR STAY IN DOWNTOWN AND ENSURE THAT THEY KNOW ALL OF THE WONDERFUL OPPORTUNITIES AWAITING THEM FOR THEIR VISIT INTO DOWNTOWN, WHETHER THAT BE KEY BUSINESSES, UM, DESTINATIONS, PUBLIC ART INSTALLATIONS, SPECIAL EVENTS HAPPENING IN DOWNTOWN AT AT ANY GIVEN TIME.
IT ALSO, UH, HIGHLIGHTS ALL OF OUR BUSINESSES THROUGHOUT THE DISTRICT.
WE ARE, UM, ANGLING A BUSINESS RESOURCE HUB PAGE, IF YOU WILL, SO THAT EXISTING BUSINESSES AS WELL AS POTENTIAL BUSINESSES COMING INTO THE DISTRICT IN THE FUTURE HAVE A ONE STOP SHOP FOR AVAILABLE RESOURCES, UM, AT THEIR FINGER, AT THEIR FINGERTIPS, PROVIDED BY THE CITY OR, UM, OTHER ENTITIES AS WELL.
THIS WEBSITE TARGETS, UH, DEVELOPERS AND, UM, THOSE THAT MIGHT BE INTERESTED IN BRINGING ADDITIONAL PRIVATE INVESTMENT INTO DOWN THE DOWNTOWN GARLAND DISTRICT.
UM, AND AGAIN, IS ALSO JUST THAT VOICE THAT FACE THAT PERSONALITY OF THE DISTRICT AS A WHOLE.
IT WILL BE MANAGED BY, UH, THE DOWNTOWN DEVELOPMENT OFFICE BEHIND THE SCENES.
AND I'D LIKE TO INTRODUCE ALL OF YOU TO WALKER BIM, THE NEWEST ADDITION TO OUR TEAM IF YOU'VE NOT MET HIM QUITE YET.
SO AS WALKER AND I REFER TO THIS WEBSITE, IT WILL BE HIS BABY
UM, FROM HERE ON OUT, UM, WALKER COMES TO US WITH A GREAT BACKGROUND IN PUBLIC ENGAGEMENT, UM, SOCIAL MEDIA AND COMMUNICATIONS, AND IT'S JUST REALLY THE PERFECT FIT, UM, FOR, FOR THE PERSON BEHIND THE SCENES HERE.
HE'LL ALSO BE, UH, THE LEAD AS FAR AS OUR PROMOTIONAL CAMPAIGNS IN THE DISTRICT AS WELL.
IN CASE YOU MISSED IT, WE HAD A LITTLE BIT OF A CELEBRATION OVER THE WEEKEND.
IT FEELS LIKE, YOU KNOW, MAYBE ONE OF OUR KIDS GOT MARRIED AND IS OFF ON THEIR HONEYMOON.
SO IT WAS A GREAT EVENT AND CELEBRATION ON THE 14TH, BUT TRULY CELEBRATING NOT JUST, YOU KNOW, FIVE YEARS OF PROGRESS, BUT REALLY DATING BACK AS FAR AS 15 YEARS AGO WHEN WE KIND OF GOT THE BALL, THE BALL ROLLING HERE IN DOWNTOWN GARLAND.
UM, ADDITIONALLY THE, AND, AND LET ME SAY TOO, THAT THE DOWNTOWN DEVELOPMENT OFFICE WAS BY NO MEANS THE, UM, THE ONE AT IN THE DRIVER'S SEAT HERE.
THIS IS DEFINITELY AN, AN ALL IN EFFORT LED BY THE SPECIAL EVENTS TEAM AND THEN SUPPORTED BY NUMEROUS DEPARTMENTS ACROSS THE CITY.
D D O DID PLAY A ROLE IN BUSINESS COORDINATION WITH OUR DOWNTOWN FOLKS TO ENSURE THAT THEY WERE REALLY TRULY ENGAGED IN THE CELEBRATION THAT DAY.
AS WELL, WE ARE ACTIVELY RECRUITING AND ACTIVATION AND ENGAGEMENT COORDINATOR THAT IS THE NEW STAFF MEMBER OR THE NEW POSITION RATHER, THAT WAS APPROVED IN THE F Y 24 BUDGET RECENTLY.
UM, AND ARE LOOKING TO FILL THAT
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POSITION JUST AS QUICKLY AS POSSIBLE BECAUSE, HELLO, BECAUSE AS SOON AS, UM, WE HAD SO MANY FOLKS IN DOWNTOWN THIS PAST WEEKEND, WE DO REALIZE THAT WE'LL HAVE, UH, A QUITE A BIT OF BUZZ ABOUT ACTIVATING NOT ONLY THE DOWNTOWN SQUARE, BUT THE DISTRICT AS A WHOLE.AND THIS, THIS TEAM MEMBER WILL ENSURE THAT DIFFERENT GROUPS ARE NOT STEPPING ON ONE ANOTHER'S TO TOES WITHIN THE DOWNTOWN SQUARE, AND THAT ANY POCKET OF OPPORTUNITY THROUGHOUT THE DISTRICT IS ACTIVATED TO ENCOURAGE LOCALS AND AND VISITORS INTO THE, THE, THE DISTRICT AS OFTEN AS POSSIBLE.
SO OUR STANDING UPDATE PER THE BOARD'S REQUEST IS A PROGRESS REPORT ON OUR REVITALIZATION PROGRAM.
HAPPY TO SHARE, UM, SOME UPDATES THERE TO DATE, UH, WITHIN THE SECOND PHASE OF FUNDING AS A WHOLE, THIS PROGRAM HAS FACILITATED OR COMMITTED RATHER PUBLIC FUNDING TO THE TUNE OF $630,000 IN PARTNERSHIP WITH BUSINESS AND PROPERTY OWNERS THROUGHOUT THE DOWNTOWN DISTRICT.
WE HAVE THREE OPEN PROJECTS CURRENTLY.
UM, THE, THE FIRST I'D LIKE TO KIND OF SHOWCASE IS, UH, FIVE 14 MAIN STREET.
SO THIS IS JIMMY WALLACE GUITARS.
IF YOU RECALL, THIS BUILDING HAD AN A COMPLETE, UH, SLIP COVER, A BLACK SLIP COVER IN FRONT OF IT.
AND THIS IS A PRETTY INTENSIVE PROJECT STILL UNDERWAY THAT WHERE THEY WENT IN AND REMOVED THE SLIP COVER, EXPOSED ALL THE ORIGINAL BRICK, HAD TO REPLACE THE BRICK FROM TOP TO BOTTOM, AND THEN BROUGHT IN TWO STELLAR, UH, NEON SIGNS TO REALLY ADD THAT DESTINATION, UM, ASPECT AND ATTRACTION FOR FOLKS TO COME OUT AND TAKE PICTURES IN FRONT OF, IN FRONT OF THEIR SHOP AND OBVIOUSLY DRAW ATTENTION TO THEIR BUSINESS AND STOREFRONT.
WE STILL HAVE A FEW PIECES OF THE PROJECT, UM, TO BE COMPLETED, BUT THE TIMELINE ON THIS WAS AMAZING.
THEY REALLY HIT THE ACCELERATOR AND MOVED THROUGH THIS PROJECT QUITE QUICKLY, WELL UNDER 30 DAYS.
WE HAVE A PROPOSED AWNING AND SOME, UM, ADDITIONAL TREATMENTS TO THE DOORS, BUT JUST WANTED TO BRING YOU UP TO SPEED ON WHERE THAT PROJECT STANDS TODAY.
ALL MADE POSSIBLE BY THE REVITALIZATION PROGRAM, UH, 5 0 7 WEST STATE STREET HAS, UM, WRAPPED UP THEIR WORK TO ADD, YOU KNOW, THE ROOFTOP, UH, PATIO AND DINING AREA, AS WELL AS BRINGING THEIR FIRE SUPPRESSION SYSTEM IN THE DOWNTOWN HISTORIC SUBDISTRICT UP TO THE GOLD STANDARD, IF YOU WILL, AND TRULY INVESTING IN THE LONGEVITY OF THIS BUILDING.
UM, WE DO ANTICIPATE THIS REQUEST TO COME THROUGH WITHIN THE NEXT, UH, 30 TO 60 DAYS AND, AND TO HAVE THAT PROJECT CLOSED OUT AT OUR NEXT UPDATE.
AND THEN I'M ALSO EXCITED TO SHARE, UH, QUITE THE FACELIFT TAKING PLACE AT 5 0 7.
OH, I HAVE THE WRONG ADDRESS DOWN THERE, MY APOLOGIES FOR THAT.
BUT THIS IS ACTUALLY SIX 14 MAIN STREET.
UH, DO BANDERAS, I BELIEVE WE UPDATED THE BOARD AT OUR LAST MEETING THAT THIS WAS A GROUP EFFORT BETWEEN THE BUSINESS OWNER AND THE PROPERTY OWNER ADDRESSING THE FULL FACADE OF THE BUILDING, COMPLETELY REPOINTING THE BRICK, TAKING DOWN THAT OUTDATED YELLOW AWNING, REPLACING IT WITH A MORE, UM, UH, A A, AN AWNING THAT'S MORE SENSITIVE TO THE HISTORICAL CHARACTER OF THE DISTRICT.
A A MAJOR IMPROVEMENT WITH THE SIGNAGE UP FRONT AND STILL OUTSTANDING IN THIS PROJECT ARE SOME ROOF IMPROVEMENTS AS WELL AS REPLACING THE SECOND STORY WINDOW.
SO STILL A SIGNIFICANT CHANGE ON THE HORIZON THERE AS WELL, BUT VERY CLOSE TO CLOSING OUT THAT PROJECT.
ENHANCED SQUARE PROGRAMMING, I'M SURE YOU'RE TIRED OF HEARING ME SAY THIS, BUT THIS IS WHERE WE HAVE THE FUN IN DOWNTOWN AND ARE ABLE TO REALLY, UM, UP OUR ANTE AS FAR AS CREATING EXCITING EXPERIENCES FOR LOCALS AND VISITORS AND FOR THE DISTRICT AS A WHOLE.
BAND TOGETHER ON THE SQUARE WRAPPED UP OUR SUMMER SERIES, BUT I'M EXCITED TO SHARE WHAT'S ACTUALLY, UH, NOMINATED AS A FINALIST BY THE TEXAS DOWNTOWN ASSOCIATION FOR BEST PROMOTIONAL EVENT FOR POPULATION OF A CITY OVER 50,000.
WE'LL ACTUALLY FIND OUT NEXT WEEK IF WE ARE THE LUCKY WINNERS OF THAT, UM, PRESTIGIOUS PRIDE AWARD RATHER, AND HAPPY TO SHARE THAT HOPEFULLY AT OUR, OUR NEXT MEETING.
SATURDAY STAMPS IS A CAMPAIGN THAT JUST LAUNCHED ACTUALLY THIS PAST WEEKEND.
SO WHEREAS BEFORE WE HAD THIRSTY THIRD THURSDAYS THAT REALLY FOCUSED ON EXTENDING BUSINESS HOURS.
THE THIRD THURSDAY OF THE MONTH, WE'RE TAKING A LITTLE BIT MORE A PASSIVE APPROACH.
UM, WITH THIS CAMPAIGN, THIS SATURDAY STAMPS CAMPAIGN WILL ENCOURAGE VISITORS TO COME SPEND MONEY IN DOWNTOWN GARLAND ANY SATURDAY OF THE MONTH, GET THEIR PASSPORT STAMP, AND THEN AT THE END OF THE MONTH BE ENTERED INTO, UM, A PRIZE FROM THE FEATURED BUSINESS OF THE MONTH.
THIS IS ONE OF WALKER'S INITIAL PROJECTS, AND IT'S ALREADY HIT
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THE GROUND RUNNING AND SEEMS TO BE GAINING SOME GREAT SUCCESS, BUT IT'S EXCITING TO DEVELOP A PROMOTION THAT, UM, IS A BIT MORE COLLABORATIVE WITH THE BUSINESSES RATHER THAN JUST HANDING OUT COMPLIMENTARY DRINKS.IT'S REALLY ENCOURAGING, UM, PURCHASES AND A STRONGER RETURN FOR THE PARTICIPATING BUSINESSES.
AT LEAST THAT'S OUR EXPECTATION.
SMALL BUSINESS SATURDAY IS QUICKLY APPROACHING, SO THAT'S THE SATURDAY AFTER THANKSGIVING WHERE IT IS YOUR MOM AND POP'S BUSINESS OR YOUR MOM AND POP'S TURN TO REALLY SHOWCASE THEIR BUSINESSES FOLLOWING THE AFTERMATH OF BLACK FRIDAY AND, AND REALLY ENCOURAGE SHOPPING LOCAL.
SO WE'RE GONNA TAKE THE SAME APPROACH THAT WE DID LAST YEAR WITH SMALL BUSINESS SATURDAY, WHERE ATTENDEES CHECK IN, THEY RECEIVE A DOWNTOWN GARLAND ORNAMENT, A COMPLIMENTARY SEASONAL BEVERAGE, MAYBE AWARD-WINNING WAS, OR HOT COCOA, AND THEN THEY RECEIVE A LOTTERY TICKET OR A SCRATCH OFF RATHER, THAT, UM, REVEALS ONE OF THE PARTICIPATING BUSINESSES OF THAT DAY AND A COUPON TO THAT BUSINESS FOR $5 OFF OF THEIR PURCHASE.
SO AGAIN, REALLY TRYING TO ENSURE THAT OUR PROMOTIONAL CAMPAIGNS ARE TRULY PROMOTING A PURCHASE AT OUR BUSINESSES.
AND THEN DOWNTOWN GARLAND FOR, UH, CHRISTMAS IS A CONTINUED EFFORT TO JUST HAVE A, UH, A COLLECTIVE NARRATIVE ABOUT ALL THE OPPORTUNITIES FOR, UM, FAMILIES AND FOLKS DURING THE HOLIDAYS IN DOWNTOWN GARLAND TO TRULY DIG INTO THAT HOLIDAY VIBE.
SO I DID GIVE YOU THE HEADS UP AT OUR LAST MEETING THAT OUR UPDATE IN PUBLIC ART IN OCTOBER WOULD BE QUITE HEFTY, AND I AM STAYING TRUE TO THAT.
SO IF YOU HAD THE CHANCE TO COME DOWN THIS WEEK AND YOU SAW QUITE A BIT OF, UM, CHANGE AS FAR AS OUR PUBLIC ART LANDSCAPE, THE SCULPTURE AT 5 0 6 ART, UM, BY RICARDO PIAA WAS REMOVED FOR ABOUT TWO MONTHS, COMPLETELY RESTORED AND REFURBISHED IN HIS STUDIO IN THE 10 DISTRICT AND THE REPLACED LAST WEEK.
UM, THIS SCULPTURE OR THIS PICTURE HERE IS I THINK A GREAT PERSPECTIVE OF THE DYNAMIC EXPERIENCE THAT THE SCULPTURE CREATES AND IT'S A, A FRESH VI OR A COMPLETELY FRESH FEEL AND EXPERIENCE IN, IN CONTRAST TO WHAT IT WAS BEFORE.
QUITE IMPRESSIVE THAT WITH THE SAME STRUCTURE, IT'S AN ENTIRELY DIFFERENT, UM, VISUAL EFFECT.
WE, UH, HAVE SUCCESSFULLY COMPLETED OUR FIRST TWO PERMANENT MURAL INSTALLATIONS IN DOWNTOWN.
SO 4 0 9 MAIN STREET, THAT'S THE SITE OF, UM, ROACH FEED AND SEED AS YOU ENTER INTO THE DOWNTOWN AREA.
UM, COMING ON MAIN STREET, LOCAL ARTIST JULIE CHI FROM GARLAND ACTUALLY, UM, COMPLETED THIS INSTALLATION, HER BIGGEST PROJECT TO DATE AND JUST REALLY A, A MILESTONE FOR BOTH PUBLIC ART IN DOWNTOWN AND ENHANCING AND OPPORTUNITIES AND CREATING OPPORTUNITIES FOR CREATIVE ENTREPRENEURS IN GARLAND IN OUR CITY.
AND THEN ON, UM, 6 0 9 STATE STREET, MILA SKETCH, AN ARTIST OUT OF AUSTIN, HAS JUST COMPLETED A FABULOUS INSTALLATION, UM, 20 DAYS WORTH OF WORK THERE TO REALLY CAPTURE NUMEROUS LANDMARKS THROUGHOUT THE CITY IN A, IN A BRIGHT AND DYNAMIC WAY.
SO IF, IF YOU HAVE THE OPPORTUNITY TO GO OUT THIS AFTERNOON AND SEE BOTH OF THOSE IN PERSON, I HIGHLY RECOMMEND IT.
IS HE OUT OF AUSTIN? MILA SKETCH IS OUT OF AUSTIN, YES.
AND THEN A, A SMALLER PROJECT, BUT QUITE SIGNIFICANT.
I FELT LIKE WE WERE ACTUALLY TALKING ABOUT THE MURAL THAT WOULD GO INTO THE PUBLIC RESTROOM FOREVER.
UM, AND HAPPY TO ANNOUNCE THAT, THAT FINAL TOUCH AND COMPLETION.
SO WE WORKED WITH AMANDA JENNINGS, WHO'S ACTUALLY AN ART SCHOOL AT BUSSY MIDDLE SCHOOL, JUST DOWN THE ROAD TO, UM, COMPLETE THIS FLORAL MURAL INSTALLATION IN THE ALCOVE OF ALCOVE OF THE PUBLIC RESTROOMS. AND THEN, IF YOU RECALL WITH OUR ORIGINAL PROPOSAL WITH THE TRELLIS PANELS ON THE NORTH NORTHERN FACADE OF THE BUILDING, THE INTENTION THERE WAS FOR, UM, GREENERY OR IVY TO KIND OF TAKE FORM THERE, AND THAT ENDED UP REALLY NOT BEING, UM, THE WISEST AND MOST SUSTAINABLE INSTALLATIONS.
SO, SO WE WORKED WITH FIREFLY METALWORKS TO, UM, CONVERT THOSE PANELS INTO SMALL SCULPTURES AS WELL AND EXCITED ABOUT, UM, THE WAY BOTH OF THOSE PIECES TURNED OUT DOWNTOWN AREA IMPROVEMENT.
SO THIS IS TRULY TO SHOWCASE THE TIFF'S CONTRIBUTION TO THE DOWNTOWN IMPROVEMENT PROJECT.
IF YOU RECALL, THE BOARD DID SET ASIDE SOME FUNDING TO BRING SOME AMENITIES PROPOSED IN THAT PLAN TO LIFE, INCLUDING, UM, THE OBSERVATION TOWER, AND I BELIEVE SOME FUNDING DID GO TO THE PERMANENT SHADE PAVILION AS WELL.
WE CELEBRATED THE COMPLETION AND GRAND OPENING OF THE PARK OVER THE WEEKEND.
UM, JUST REALLY WANTED TO HIGHLIGHT SOME OF THE, THE KEY MOMENTS IN THAT SPACE HERE THROUGH THESE VISUALS.
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WOULD ALSO SHARE THAT WE DO HAVE SOME STREET STREET SCAPES WORK REMAINING.SO KEEP IN MIND AS YOU SEE A LITTLE BIT OF CONSTRUCTION HAPPENING IN THE FOLLOWING MONTHS, THAT WAS ALL PART OF THE ORIGINAL PLAN.
UM, BUT WE ARE QUITE EXCITED TO HAVE THE FENCING DOWN AROUND THE SQUARE AND PEOPLE WALKING THROUGH THIS SPACE AND SEEING PEOPLE BACK IN THE DISTRICT ON A, ON A MORE DAILY BASIS.
THIS IS STILL RELATIVELY SIMILAR TO OUR LAST UPDATE BACK IN JULY.
SO THE PARK OPENED TO THE PUBLIC THE WEEK OF MAY 29TH.
WE DO HAVE A FEW PENDING ITEMS, THE SEALANT TO THE WOOD DECKING JUST TO REALLY PRESERVE IT FOR, UM, THE LONG RUN IS ACTUALLY, UM, SCHEDULED FOR COMPLETION BY END OF DAY TODAY AND THE BLEACHERS.
AND SO SOCCER GOALS ARE STILL OUTSTANDING, JUST GIVEN AGAIN THAT OPPORTUNITY TO REALLY LET THE SOD TAKE PLACE AND, AND DISCOURAGE ANY PREMATURE, UM, AGING, IF YOU WILL.
AND STILL SO, SO PROUD OF THE TIFF'S CONTRIBUTION TO THAT PROJECT, GIVING THE OPPORTUNITY TO BRING THE PUBLIC RESTROOMS AND THESE ADDITIONAL FEATURES TO THE TABLE, WHEREAS THEY WERE PREVIOUSLY NOT, UM, NOT PART OF THE PLAN DUE TO FINANCIAL CIRCUMSTANCES.
SO THE, AGAIN, ANOTHER STRONG CONTRIBUTION THERE FROM THE
SO THAT WRAPS UP OUR GENERAL PROJECT UPDATES IF YOU WOULD LIKE TO TAKE QUESTIONS OR I COULD TAKE QUESTIONS THERE AND THEN MOVE ON TO OUR NEXT ITEM, BUT IT'S, IT'S UP TO YOU SIR.
UM, FOR TIME'S SAKE, LET'S GO AHEAD AND MOVE ON TO SECTION NUMBER FOUR AND HOLD QUESTIONS TO THE END.
UH, TIF ONE, EXPANSION AND EXTENSION PROPOSALS.
SO THE TIF EXPANSION AND EXTENSION.
SO WE'VE BEEN TALKING ABOUT THIS FOR QUITE A WHILE, UM, AND WE DO TRULY HAVE A FIRM PROPOSAL FOR YOUR CONSIDERATION TODAY.
SO IF YOU BEAR WITH ME, I'D JUST KIND OF LIKE TO RUN THROUGH BRIEFLY, UM, WHERE WE'VE BEEN AND THEN WHERE WE ARE TODAY.
AND THEN, UM, REALLY TEE EVERYTHING UP FOR YOUR, FOR YOUR FORMAL CONSIDERATION.
SO THIS MAP REPRESENTS THE PRELIMINARY 2003 BASE YEAR OF THE TIFF.
YOU'LL SEE THE, UH, THE DOWNTOWN AREA AND THEN THE FOREST JUPITER AREA.
AND THEN THE, THE SMALLER PICTURE TO THE LEFT REALLY ILLUSTRATES THE 2020 EXPANSION THAT, UM, THEN ENCOMPASSED MONTGOMERY PARK AND ALLOWED US TO MAKE THOSE IMPROVEMENTS THAT WE WERE JUST VISITING, VISITING ABOUT A MOMENT AGO.
SO IN CONSIDERATION OF THE CURRENT EXPANSION ON THE TABLE, UM, WITH THIS INITIATIVE, WE ARE FOCUSING ON SOME SOUTHERN AREAS OF THE DISTRICT WITHIN THE, UM, SO JUST TO BACKTRACK, BECAUSE I FEEL LIKE THIS MAP CAN BE A BIT DISORIENTING.
SO YOU HAVE THE, THE DOWNTOWN END HERE, THE FOREST JUPITER END HERE, AND WE'LL ZONE IN ON THE DOWNTOWN END OF THE TIFF.
UM, HERE IN REGARDS TO THE EXPANSION.
SO THE RED AREA IS YOUR EXISTING BOUNDARY AND THE BLUE AREA ARE THE PROPOSED ADDITIONS TO THE, TO THE EXISTING BOUNDARY.
SO HERE WE ARE CAPTURING DEVELOPMENT OPPORTUNITIES ON THE SOUTH AND SOUTHWESTERN END OF THE DOWNTOWN END OF THE, THE TIFF.
WE ARE EVALUATING A 20 YEAR MODEL, WHICH WOULD, UM, EXTEND THE TIFF OUT INTO 2044.
AND SO IF THE BOARD WERE TO MOVE FORWARD WITH THIS PROPOSAL, UM, THIS IS WHAT YOUR NEW BOUNDARY WOULD LOOK LIKE.
SO YOU SEE THE ADDITION HERE IN RED AND THEN A FEW HERE, AND THEN THIS TRIANGLE HERE, AS WELL AS THAT SECTION ALONG GARLAND ROAD, UM, EXTENDING DOWN TO AVENUE B? YES.
HERE IS YOUR CURRENT LAND USE FOR THE DOWNTOWN PART OF THE TIF ZONE, AND YOU'LL SEE THAT THE AREAS PROPOSED FOR THE EXPANSION ARE COMMERCIAL AND RETAIL, AND THEN YOU SEE SOME, UM, ZONED AS VACANT AS WELL.
YOUR CURRENT LAND USE FOR THE FOREST JUPITER PART OF THE TIF ZONE.
SO SIGNIFICANT AMOUNT OF HIGH DENSITY RESIDENTIAL AND THEN, UM, GENERAL INDUSTRIAL AS WELL AS SOME COMMERCIAL AND RETAIL.
AND THEN ZOOMING BACK OUT TO THE FULL PERSPECTIVE OF THE DOWNTOWN FOREST JUPITER TIFF, HERE IS YOUR FUTURE LAND USE MAP
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AS PROPOSED.AND SO THEN WITH THAT, NOW THAT YOU HAVE THE BIG PICTURE OF THE PROPERTIES PROPOSED TO BE INCLUDED WITHIN THOSE BOUNDARIES, WE'D LIKE TO DIG IN A BIT INTO THE REVENUE THAT WOULD BE GENERATED BY THIS EXPANSION AND EXTENSION AS FAR AS FROM TAX INCREMENT FINANCING.
SO, UH, AGAIN, EXTENDING THE TIFF WILL REALLY FOCUS IN ON THAT, UM, THAT, THAT ADDITIONAL 20 YEARS.
SO BEGINNING AN FY 25 TO F Y 44, YOUR ESTIMATED TOTAL REVENUE COMES TO $50.8 MILLION.
AND UTILIZING THE REMAINING FUND BALANCE, I BELIEVE FROM 2022, THAT WOULD GIVE US AN ADDITIONAL A HUNDRED THOUSAND DOLLARS BRINGING OUR TOTAL RESOURCES TO 50.9 MILLION TO BE PROGRAMMED OVER THAT 20 YEAR PERIOD.
AND SHOULD THE BO, SHOULD THE, UM, TIFF BE EXTENDED OR EX EXPANDED AND EXTENDED RATHER BEGINNING IN F Y 25, THE CITY OF GARLAND WOULD BE THE ONLY PARTICIPANT IN THE TIF.
I'LL TOUCH ON THIS A BIT AND IF YOU HAVE ANY ADDITIONAL QUE QUESTIONS, WE HAVE OUR BUDGET DIRECTOR, ALLISON, UM, BELL STEADMAN HERE, AS WELL AS MATT WATSON.
BUT THE TIF PLAN DOES ASSUME 2.4% AVERAGE INCREASE IN TAXABLE VALUE BETWEEN TAX YEARS 2025 AND 2044.
AND IN CONSIDERATION OF, OF NEW CONSTRUCTION PROPOSED FOR SOMEWHERE BETWEEN 2025 AND 2029, THE PLAN ASSUMES A MORE CONSERVATIVE INCREASE OF 1% AND TAX YEARS 2030 AND 2044.
SO BIG PICTURE WISE, CONSIDERING, UM, THE ENTIRETY OF THE, OF THE TIF FROM 2004 TO 2044, THE ESTIMATED REVENUE COMES TO $63.4 MILLION.
NEXT, WE'D LIKE TO JUST PROVIDE, UM, A MORE SIMPLIFIED SUMMARY OF THE EXTENSION.
SO AGAIN, WE'RE EVALUATING A 20 YEAR MODEL, SO SHOULD THE TIF, UM, SHOULD THIS BE PROPOSED, THIS PROPOSAL BE RECOMMENDED AND THEN APPROVED, THE TIF WOULD THEN HAVE, UH, A SUNSET DATE OF DECEMBER 31ST, 2044 WITH ESTIMATED TOTAL RESOURCES COMING INTO $50.9 MILLION TO BE PROGRAMMED OVER THIS ADDITIONAL 20 YEAR SPAN.
AND IN CONSIDERATION OF THOSE RESOURCES, WE'VE IDENTIFIED FIVE, UM, PROJECT AREAS THAT WE FEEL CONFIDENT THAT TIF AND THOSE RESOURCES WOULD BE ABLE TO, TO FACILITATE AND BE UTILIZED.
AND SO I'LL JUST GIVE YOU KIND OF A BIG PIE PICTURE, IF YOU WILL, AND THEN WE'LL DIG INTO BOTH OF THE, TO ALL OF THESE PROJECT AREAS A LITTLE BIT MORE IN DETAIL.
BUT OUR FIVE AREAS IDENTIFIED ARE TIF IMPROVEMENTS IN REDEVELOPMENT TO THE TUNE OF 52, OF 52% OF THAT 50.9 MILLION MANAGED DISTRICT SERVICES AT 39%, THE REVITALIZATION PROGRAM AND SMALL BUSINESS DEVELOPMENT AT 5% ENHANCED SQUARE PROGRAMMING AT 2%, AND PUBLIC ART AT 2%.
SO TIFF IMPROVEMENTS IN AND REDEVELOPMENT.
SO IN THIS PROJECT AREA, WE REALLY FOCUS IN ON PHYSICAL IMPROVEMENTS AND HOW THEY CONTRIBUTE TO HIGHER PROPERTY VALUATIONS AND REALLY CREATING A STRONG, STRONGER SENSE OF PLACE AND FOSTERING, UM, MORE MEANINGFUL CONNECTIONS BETWEEN THE DISTRICT AND ITS VISITORS AS WELL AS RESIDENTS.
AND YOU'LL SEE THIS IS THE SAME FORMAT OR SAME APPROACH, RATHER, THAT WE TAKE FOR EACH OF THESE PROJECT AREAS BY REALLY CALLING OUT OUR GENERAL OPPORTUNITIES AND THEN SHARING KEY PROJECTS THAT HAVE ALREADY BEEN IDENTIFIED.
SO IN REGARDS TO GENERAL OPPORTUNITIES, THIS PROJECT AREA WOULD ENABLE US TO REALLY TEST AND PROVE UP THE CAPACITY OF THE DISTRICT, AS YOU WILL.
SO THINK OF FEASIBILITY STUDIES, INFRASTRUCTURE ASSESSMENTS, HOUSING STUDIES, UM, ANYTHING NEEDED TO SHORE UP THE, THE REALISTIC OPPORTUNITY AND REAL RE REDEVELOPMENT EFFORTS WAY FINDING SIGNAGE.
SO THERE'S ALWAYS A CONSTANT DIALOGUE BETWEEN THE DESTINATION, THE VISITOR, THE VEHICLE, AND JUST REALLY TRYING TO FIGURE OUT WHICH WAY TO GO.
SO THAT'S ALMOST LIKE A PROJECT THAT NEVER DIES,
SO WE'VE, WE'VE PLANNED IN SOME RESOURCE OR PROGRAMMED AND RESOURCES THERE FOR CONTINUED WAY FINDING SIGNAGE IMPROVEMENTS, LAND ACQUISITION.
IF YOU'LL RECALL IN THE PAST, UH, THE BOARD DID MOVE FORWARD WITH CREATING AN OPPORTUNITY FOR QUICK RESPONSE SHOULD THE OPPORTUNITY PRESENT ITSELF, UM, IN THE FUTURE FOR READ FOR PROPERTY REDEVELOPMENT.
AND BY PROGRAMMING THIS INTO THIS PROJECT AREA, WE WOULD BE ABLE TO MOVE FORWARD ON THOSE ACTIONS AS NEEDED.
AND SOME KEY PROJECTS THAT HAVE BEEN IDENTIFIED IN THIS PROJECT AREA ARE A DOWNTOWN MASTER PLAN.
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ESPECIALLY FOLLOWING THE COMPLETION OF OUR DOWNTOWN IMPROVEMENTS, UM, IT, IT IS TIME TO HAVE A MORE, UM, SYNTHESIZED AND COLLECTIVE APPROACH AS TO HOW WE MOVE FORWARD.WE HAVE HAD, UM, A, A, A REDEVELOPMENT PLAN THAT R T K L DID BACK IN 2005, BUT TO MY KNOWLEDGE, WE'VE NEVER REALLY HAD A THOROUGH DOWNTOWN MASTER PLAN.
AND WITH THIS PROPOSAL, WE WOULD SYNC IT UP WITH THE CITY'S, UM, REVISION OF THE, THE, THE COMP PLAN.
THIS, THIS PROJECT AREA WOULD ALSO FACILITATE PEDESTRIAN ROUTE IMPROVEMENTS TO THE FOREST JUPITER DART STATION.
IT COULD FACILITATE, UM, ROAD IMPROVEMENTS ON SIXTH STREET AVENUES, F AND E.
AND THEN, UM, IT WOULD ALSO FACILITATE THE ACQUISITION AND REDEVELOPMENT OF FIVE 19 STATE STREET.
SO THIS IS A HUGE PROPERTY IN DOWNTOWN GARLAND, UM, THAT HAS BEEN, UH, PUT INTO CONTRACT WITH, WITH THE CITY IN BETWEEN, UH, THE JONES FAMILY.
CITY OF GARLAND OWNS THAT NOW.
RIGHT? I CAN'T SPEAK TO THE SPECIFICS OF THAT, ACTUALLY.
THAT'D BE A QUESTION FOR MR. WATSON.
WHERE IS HE AT? RIGHT HERE,
COUNCIL APPROVED THE LAST COUNCIL MEETING, I GUESS TWO COUNCIL MEETINGS AGO FOR THE ACQUISITION OF THE LAND.
AND WE'RE IN THE CLOSING PROCESS NOW, SO WE DON'T TECHNICALLY HAVE IT YET, BUT WE'RE IN THE CLOSING PROCESS.
SO TIP, IMPROVEMENTS IN REDEVELOPMENT, THAT'S 26.2 MILLION OF THAT 50.9.
SO ROUGHLY 52% OF OPPORTUNITY THERE AS FAR AS PROGRAMMING THOSE RESOURCES, MANAGED DISTRICT SERVICES.
SO HERE WE'RE EFFECTIVELY, WE'RE, WE'RE PLANNING FOR THE LONG TERM SUCCESS OF THE DOWNTOWN GARLAND DISTRICT WITH TOOLS AND DATA, UM, AND RESOURCES THAT WOULD BE OVERSEEN BY THE DOWNTOWN DEVELOPMENT OFFICE.
AND AGAIN, FOLLOWING OUR SAME, UM, FOOTPRINT, IF YOU WILL, SOME GENERAL OPPORTUNITIES THERE ARE TO IMPLEMENT LONG-TERM GOALS ESTABLISHED BY THE TEXAS DOWNTOWN ASSOCIATION AND THE ASSESSMENT THAT THEY DID BACK IN, UM, 2015, I BELIEVE.
AND SOME OF THOSE GOALS INCLUDE PLACEMAKING INITIATIVES, ENTREPRENEURIAL DEVELOPMENT.
SO THINK OF THIS AS A BROAD APPROACH TO SMALL BUSINESS SUPPORT, UM, COLLECTIVE DISTRICT BRANDING AND PROMOTION, ENSURING THAT IS ALSO SYNCED MARKET READINESS TO, UM, BE CERTAIN THAT WE KNOW WHAT TOOLS THE DISTRICT HAS, WHAT WE LACK AND, AND ENSURE THAT WE HAVE EVERYTHING IN PLACE TO BE A DYNAMIC, UM, A DYNAMIC ECONOMIC DISTRICT THERE.
AND THEN GROWTH OF THE, THE DOWNTOWN DEVELOPMENT OFFICE AS WELL.
SO KEY PROJECTS IDENTIFIED, THERE ARE REGULAR MARKET ASSESSMENTS AND PROFILES.
SO AGAIN, UNDERSTANDING THE STRENGTHS OF THE, OF THE DISTRICT AND ITS WEAKNESSES, IMPLEMENTATION OF GOALS ESTABLISHED BY THAT DOWNTOWN MASTER PLAN THAT I REFER TO UNDER IMPROVEMENTS AND REDEVELOPMENT MARKETING OF OUR DISTRICT IMPROVEMENTS.
SO, YOU KNOW, UH, CONTINUOUSLY, UM, AND INTENTIONALLY SHOWCASING THIS HUGE PUBLIC INVESTMENT THAT WAS MADE INTO DOWNTOWN SMALL BUSINESS GENERAL SUPPORT.
SO, UH, AGAIN, THE BROAD APPROACH HERE.
THINK OF BUSINESS BOOT CAMPS, UM, JUST STANDARD RESOURCES, NOT NECESSARILY ANYTHING, UM, SPECIFIC OR TARGETED TO INDIVIDUAL NEEDS, BUT JUST HAVING A LIBRARY OF RESOURCES AVAILABLE THERE.
AND THEN PARK SUPPORT AS FAR AS FUNDING AND THEIR EFFORTS TO MAINTAIN THE DOWNTOWN SQUARE PLAZA AND, UH, ADDITIONAL DOWNTOWN DEVELOPMENT STAFF.
AND THIS IS THROUGHOUT THE 20 YEAR PLAN.
SO THIS ISN'T JUST RIGHT AWAY.
WE ARE ACTIVELY RECRUITING THE ACTIVATION AND ENGAGEMENT COORDINATOR AT THE MOMENT AND ARE HAPPY TO HAVE THE OPPORTUNITY TO DO THAT, UH, REVITALIZATION AND SMALL BUSINESS DEVELOPMENT.
SO 2.75 MILLION COMING IN AT 5% OF THAT PIE OF THIS 20 YEAR PLAN.
SO OVERALL, THIS PROJECT AREA IS DESIGNED TO, TO SUPPORT SMALL BUSINESS OWNERS AND PROPERTY OWNERS BY REALLY MAXIMIZING THE RETURN ON PUBLIC INVESTMENT.
SO THIS IS WHERE YOUR REVITALIZATION PROGRAM LIVES.
IT'S REALLY WHERE WE ARE STRONGLY SUPPORTING PRIVATE INVESTMENT INTO THE DISTRICT AND THE LONGEVITY OF PHYSICAL ASSETS THAT THE CITY DOES NOT OWN.
AND AS WE SEE AN OPPORTUNITY HERE, UM, BEYOND THE CURRENT, UH, USE OF THE REVITALIZATION PROGRAM, WE WOULD PROPOSE TO TARGET OUR RESOURCES HERE TO REALLY ENHANCE OUR ENTREPRENEURIAL
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ECOSYSTEM.SO THE WAY I CAN PUT THAT SIMPLY IS THE REVITALIZATION PROGRAM HAS BEEN QUITE SUCCESSFUL AND WE HOPE THAT IT CONTINUES TO DO SO.
IT'S THAT 50 50 GRANT WHERE YOUR PROPERTY OWNER OR 10 OR TENANT FRONTS THE MONEY, IF YOU WILL, TO IMPROVE THEIR PROPERTY.
AND THEY DO SO ALL UNDER THE APPROVAL OF, OF THE, THE DOWNTOWN DESIGN COMMUNITY COMMITTEE, EXCUSE ME, THE DOWNTOWN DESIGN COMMITTEE GUIDANCE, AND THEN THE CITY REIMBURSES THEM FOR 50%.
WE WOULD PROPOSE THE CONSIDERATION THAT NOT ALL OF YOUR BUSINESS AND PROPERTY OWNERS ARE NECESSARILY IN THE POSITION TO MAKE THAT TYPE OF INVESTMENT AND WOULD LIKE TO GO FORWARD WITH A BUSINESS NEEDS ASSESSMENT TO IDENTIFY, UM, WAYS THAT A SMALL BUSINESS PROGRAM MIGHT SPECIFICALLY SUPPORT THEM.
SO REALLY PROVIDING TOOLS THAT WILL BE IMPLEMENTED, UM, AND UTILIZED RATHER THAN ASSUMING THAT WE KNOW WHAT SMALL BUSINESSES NEED WITHOUT ASKING THEM.
AND REALLY THIS, WHEREAS IN OUR, UM, PREVIOUS PROJECT AREA, AND I STRESSED IT WAS A BROAD APPROACH.
THIS WOULD BE YOUR TARGETED NEEDS ASSESSMENT BASED PROGRAM WHERE WE'RE WORKING WITH BUSINESSES ON THEIR INDIVIDUAL NEEDS AND FINDING WAYS TO PARTNER THERE.
SO HERE WE'RE CREATING UNIQUE EXPERIENCES AND ACTIVITIES THROUGHOUT THE DOWNTOWN DISTRICT AND ENCOURAGING DISTRICT-WIDE ACTIVATION.
SO THIS IS WHERE YOU'RE TARGETING FEET ON THE STREET, SEVERAL HOURS THROUGHOUT THE DAY, UM, COMMERCE WITH OUR DOWNTOWN BUSINESSES AND CREATING UNDENIABLE EXPERIENCES THAT BRING FOLKS DOWNTOWN.
NOT ONCE, NOT TWICE, BUT TIME AND TIME AGAIN HERE, WE WOULD HAVE THE OPPORTUNITY TO PARTNER WITH CULTURAL ARTS FOR PERFORMING ARTS PROGRAMMING AND, UM, ENSURE THAT WE ARE ELEVATING THOSE EXPERIENCE AND OPPORTUNITIES IN THE DISTRICT.
THIS IS WHERE WE, UH, CURRENTLY FUND MOST OF OUR PROMOTIONAL CAMPAIGNS.
SO YOUR SATURDAY STAMPS BAND TOGETHER ON THE SQUARE FAIR FARE AT ONE POINT IN TIME.
UM, ANY, ANYTHING THAT REALLY SHOWCASES ALL OF THE BUSINESSES AND OPPORTUNITIES IN THE DISTRICT, NOT JUST THOSE THAT ARE SQUARE, SQUARE SIDE.
AND HERE IS WHERE WE ALSO ARE ABLE TO PARTNER WITH SEVERAL GROUPS ACROSS THE CITY WHO ARE EXTREMELY CREATIVE AND, UM, ARE JUST SO EAGER TO REALLY SHOWCASE THE DISTRICT SIMULTANEOUSLY IN PARTNERSHIP.
IN THE PAST WE'VE WORKED WITH CULTURAL ARTS, HAND IN HAND WITH SPECIAL EVENTS, QUITE OFTEN HERITAGE CROSSING.
WE'RE ABLE TO PARTNER WITH THEM ON SEVERAL OF THEIR CAMPAIGNS AS WELL AND, AND WOULD REALLY LIKE TO WORK, UM, MORE INTENTIONALLY WITH THE LIBRARY.
AND WITH THAT, UM, PROGRAMMING ASPECT, YOU'RE LOOKING AT ABOUT 2% OF THE TOTAL RESOURCES AVAILABLE OVER THE NEXT, UH, 20 YEARS AND PUBLIC ART.
SO THIS IS WHERE WE HAVE THE PLATFORM TO, FOR COLLECTIVE COMMUNITY EXPRESSION THROUGHOUT THE TIF DISTRICT AND REALLY ENHANCING EXPERIENCES IN A SENSE OF PLACE.
OUR FOCUS TO DATE HAS BEEN ON DOWNTOWN AS FAR AS PUBLIC ART, JUST GIVEN THAT WE HADN'T QUITE FIGURED OUT THE TOOLS THAT WE NEEDED TO BE ABLE TO EXECUTE, UM, PROJECTS IN A TIMELY FASHION.
AND, AND THROUGH THIS RECENT INSTALLATION OF MURALS ARE QUITE CONFIDENT THAT WE CAN EXPAND THAT INITIATIVE DOWN TO THE FOREST JUPITER END AS WELL.
SO OUR GENERAL OPPORTUNITIES HERE ARE, AGAIN, PLACEMAKING, CREATING A SENSE OF PLACE WHERE WHEN YOU HAVE LOCALS OR VISITORS, UM, IN AN AREA, THEY'RE ABLE TO LOOK AROUND AND IDENTIFY THE, THE COHESION AND THE CULTURAL, UM, COMMUNICATION FROM BLOCK TO BLOCK AND, AND UM, SPACE TO SPACE, CULTURAL EXPRESSION, WORKING WITH OUR CREATIVE ENTREPRENEURS TO REALLY, UM, ENCOURAGE THEIR DEVELOPMENT AND GROWTH.
IT WAS SUCH AN AMAZING OPPORTUNITY TO BE ABLE TO WORK WITH JULIE CHI ON HER FIRST BIG INSTALLATION.
AND THEN SIMULTANEOUSLY IT'D BE OUR FIRST BIG INSTALLATION FROM THE CITY AS FAR AS IN DOWNTOWN, AND WE'D LIKE TO CONTINUE THOSE EFFORTS.
AND THEN GENERAL PUBLIC ART IS, UM, ALWAYS A GREAT A, A APPROACH TO BEAUTIFICATION ACROSS THE CITY.
SO KEY PROJECTS FOR THIS PROGRAM AREA, PROJECT AREA WOULD BE TO TAKE THE TOOLS THAT WE'VE ESTABLISHED WITH OUR, THE SUCCESS OF OUR DOWNTOWN MURALS AND IMPLEMENT THAT INTO THE FOREST JUPITER END OF THE TIFF AS WELL.
AND THEN ADDITIONAL MURAL INSTALLATIONS IN DOWNTOWN.
AND KEEP IN MIND THAT PUBLIC ART ISN'T LIMITED TO MURALS.
YOU CAN WORK ON SCULPTURES, TEMPORARY INSTALLATIONS AND TRAVELING EXHIBITS THAT, UM, MAKE THEIR WAY THROUGHOUT THE COUNTRY, BUT WE, UM, FEEL CONFIDENT WITH THE
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OPPORTUNITY TO PROGRAM ROUGHLY A MILLION DOLLARS OVER THE NEXT 20 YEARS OF THE TIFF AND, AND BRING THAT COLLECTIVE FORM OF COMMUNITY EXPRESSION INTO PLAY ACROSS THE DISTRICT.SO THAT IS A WRAP FROM ME IN REGARDS TO JUST TRYING TO KIND OF DIG INTO ALL OF THE PROJECT AREAS FOR YOUR CONSIDERATION.
AND I WOULD HAND IT OVER TO YOU, MR. SCHROEDER, FOR FORMAL CONSIDERATION.
AND WE'VE LIST LISTED HERE, UM, JUST A RECAP OF THE POINTS TO BE INCLUDED IN, IN YOUR DISCUSSION AND THOUGHT PROCESS.
HAVING HAD THE FORMAL AND FULL PRESENTATION FROM LETICIA, DOES THE BOARD HAVE ANY COMMENTS OR QUESTIONS BEFORE WE GO TO VOTE? UM, I WAS JUST WONDERING IF IT COULD BE EXPLAINED WHY GARLAND WAS THE ONLY PARTICIPANT IN THE TIF.
I'M SURE IT'S A SIMPLE LAND ANSWER, JUST, OKAY.
CURRENTLY THE COUNTY IS PARTICIPATING IN THE TIF AND DALLAS COLLEGE, COLLEGE PARTICIPATES IN THE TIF AND THEY, THEY HAVE COMMITTED TO PARTICIPATE IN THE TIF TILL TWO, THE END OF 2024 BY, BY THEIR BOARDS.
SO WHAT WE'RE DOING IS, IS EXTENDING THE TIF WITH US JUST PARTICIPATING.
WE CAN, THE DOOR IS OPEN FOR US TO APPROACH THE COUNTY OR DALLAS COLLEGE IN THE FUTURE TO SEE IF THEY WANT TO WANT TO PARTICIPATE.
BUT, UH, WE HAVE OUR COUNTY REPRESENTATIVE HERE, AND I'LL, I'LL TRY MY BEST TO EXPLAIN.
THEIR TYPICAL POLICY IS THEY, THEY ONLY PARTICIPATE IN TS FOR 20 YEARS AND THEY USUALLY DON'T START PARTICIPATING IN A TIF TILL AFTER YEAR THREE.
AND I'M NOT AWARE OF A TIF WHERE THE COUNTY HAS COME IN WHEN IT'S BEEN EXPANDED BEYOND 20 YEARS AND PARTICIPATED.
SO WE'RE BEING CONSERVATIVE, BUT I'LL DEFER TO OUR COUNTY COUNTY REPRESENTATIVE IF I'VE MISSED THE VOTE ON THAT.
THE COUNTY BY POLICY PARTICIPATE FOR 20 YEARS, WHICH IN 2024 IT WILL HAVE MM-HMM.
UM, YEAH, THAT'S, YOU'VE CAPTURED IT CORRECTLY.
YEAH, I'M, I'M HAPPY WE HAVE THE OPPORTUNITY TO EXTEND IT.
SO THANK YOU FOR EXPLAINING MR. BUILD.
YOU HAD A QUESTION? UH, JUST A MINOR QUESTION.
WHAT KIND OF SECURITY DID WE HAVE? WE HAD PRIVATE SECURITY DOWN HERE FOR THE OPENING SECURITY.
PRIVATE SECURITY IN ADVANCE OF THE OPENING.
AND THEN OUR POLICE DEPARTMENT HAD A VERY STRONG PRESENCE AS WELL.
UM, IN THE FUTURE, ARE WE GOING TO HAVE SOME FORM OF SECURITY ON, ON THAT FACILITY DOWN ON THIS, THE SQUARE? IS THAT, IS THAT PROJECTED LIKE HAVING ANYBODY DOWN THERE, ESPECIALLY AROUND THE PUBLIC RESTROOMS? SO THE, THE SPECIFICALLY TO THE PUBLIC RESTROOMS, CURRENTLY, THEY'RE SET ON AN AUTOMATIC TIMER.
SO THEY LOCK AT EIGHT O'CLOCK EACH NIGHT, BUT THOSE HOURS ARE FLEXIBLE AND WE CAN CONTROL THOSE.
AND OUR, UM, MARSHALS ARE, UM, CURRENTLY MONITORING THOSE AREAS AS THEY WRAP UP THEIR NIGHT IN REGARDS TO SECURITY FOR THE SQUARE ITSELF.
I KNOW THERE ARE ONGOING CONVERSATIONS BETWEEN OUR PARKS OPERATIONS TEAM AND THE POLICE DEPARTMENT TO ENSURE THAT WE ARE PROTECTING THAT PUBLIC INVESTMENT.
ANY OTHER QUESTIONS? I HAVE A COUPLE
UM, I WAS JUST WONDERING IF THE PERCENTAGES ARE RIGID AFTER THIS POINT OR WE CAN KIND OF COME BACK AND MAKE CHANGES.
THIS, THIS TIFF HAS BEEN A EVOLVING TIFF AND IT, IT'S KIND OF SET UP TO, YOU KNOW, HAVE, YOU KNOW, MONTHLY OR QUARTERLY BOARD MEETINGS AND WE CAN DISCUSS ANY CHANGES TO THIS AND BRING THOSE FORWARD TO COUNCIL AT ANY TIME.
THIS IS JUST KIND OF THE, THE MAIN THING WE'RE TRYING TO DO HERE IS GET AN EXPANSION OF THE ZONE AND EXTEND IT FOR ANOTHER 20 YEARS FROM THERE.
THIS, THIS, THIS IS A LIVING DOCUMENT, MUCH LIKE OUR OPERATING BUDGET AND CAN CHANGE.
AND COULD YOU KIND OF FROM THERE, UM, ONE OF THE KEY THINGS I WOULD SEE CHANGING WOULD BE THE REV REVITALIZATION PROGRAM.
WE'VE SEEN IT GO FROM JUST THE FACADE GRANT TO QUICKLY A LARGER, UM, YOU KNOW, MORE IMPACTFUL GRANT AND THE PROJECTS KEEP GETTING BIGGER AND THERE ARE PROJECTS THAT WE WOULD'VE LIKED TO PUT IN THERE THAT GOT KIND OF PUSHED TO THE E D C.
UM, SO I, I WOULD IMAGINE THAT WOULD INCREASE LATER.
UM, BUT IN THIS PROPOSED 2%, CAN YOU TELL ME HOW MUCH IS AVAILABLE EACH YEAR? OR IS IT KIND OF ONE BIG POT OF MONEY AND THEN WHEN IT'S GONE IT'S GONE.
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THE BRAINS BRING THE BRAINS OF THE OUTFIT SAVED BY THE BILL
UM, WE PROVIDED YOU ALL A PRELIMINARY OF THE ULTIMATE TIF PLAN, PROJECT PLAN AND EXPENDITURE PLAN THAT WILL BE, UH, BROUGHT FORWARD TO CITY COUNCIL FOR THEIR CONSIDERATION.
IF, IF THIS BOARD IS READY TO TAKE ACTION TOWARDS THE END, YOU HAVE, UH, SCHEDULE THREE, WHICH BEGINS ON PAGE 16 THROUGH 18.
THIS SHOWS A CONSERVATIVE PROJECTION ON REVENUES AS WELL AS THE CASH FLOW FOR EACH PROPOSED PROJECT AREA OR PROGRAM AREA.
SO, AND BECAUSE WE ARE CONSERVATIVE IN OUR ESTIMATES, AND AS TO MR. WHAT MR. WATSON MENTIONED PREVIOUSLY, IF REVENUES COME IN HIGHER, THAT AS WE PROJECTED THERE WILL BE ADDITIONAL CASH TO BE, TO BE DISCUSSED BY THIS BOARD AND DESIGNATED TO OTHER PROGRAM AREAS TO SUPPLEMENT WHAT'S CURRENTLY OUTLINED HERE BEFORE YOU, UM, TO ANSWER YOUR EXACT QUESTION FOR OUR REVITALIZATION PROGRAM, UM, DUE TO SOME RESTRICTIONS IN THE EARLIER YEARS AND REALLY FOCUSING ON SOME DOWNTOWN IMPROVEMENTS AND REDEVELOPMENT BEGINNING IN, UH, F Y 29, WE SHOW 150,000 FOR THAT PROGRAM.
AND THEN BEGINNING, UM, F Y 31 THROUGH THE COURSE OF THE REMAINDER OF THE TIF TO FY UH, 44, YOU BEGIN TO SEE THAT INCREASE FROM 150,000 PER YEAR TO 250,000 PER YEAR AND SO ON AND SO FORTH.
BUT AS MENTIONED EARLIER, THESE ARE PRELIMINARY PROJECTIONS THAT'S, YOU KNOW, SEVEN YEARS, FISCAL YEARS FROM NOW, WE'LL HAVE BETTER IDEA OF OUR REVENUE, WE'LL HAVE BETTER IDEA OF OUR NEW CONSTRUCTION, WHAT OUR TAX BASE GROWTH MAY BE.
WE MAY OUTPERFORM OUR PROJECTIONS LAID HERE BEFORE YOU AND THERE WOULD BE ADDITIONAL, UH, REVENUE AND FUND BALANCE FOR YOU TO EARMARK TOWARDS, UH, PROJECTS IDENTIFIED BY THIS BOARD AS PART OF THIS PROJECT PLAN.
AND IF I COULD ADD IN PARTICULAR IN REGARDS TO THE REVITALIZATION PROGRAM, IT'S TRICKY, RIGHT? BECAUSE YOU HAVE FOLKS SINCE, SINCE IT IS A REIMBURSEMENT PROGRAM, YOU HAVE FOLKS APPLY FOR THEIR PROJECT AND THEN THEY HAVE A YEAR TO COMPLETE THEIR PROJECT AND THEY ACTUALLY DON'T HAVE TO START FOR 30 DAYS.
SO THERE'S ALMOST A YEAR AND A HALF BEFORE THAT MONEY IS ACT, THAT CHECK IS ACTUALLY WRITTEN EVEN THOUGH IT'S EARMARKED.
AND SO THE FUNDS, IF YOU LOOK BACK AT THE SCHEDULE, HAVE KIND OF BEEN CARRYING OVER FROM YEAR TO YEAR.
AND SO IT MADE IT A LITTLE BIT OF A CHALLENGE TO, UM, DISTRIBUTE IT TO WHERE IT DIDN'T IMPACT THE, THE CASH FLOW UNREALISTICALLY, IF THAT MAKES SENSE.
SO I'M UNDER THE IMPRESSION THAT IT'S DEPLETED BY IT NOT GOING FORWARD.
WELL IN 2024, I MEAN, EVEN IF WE DO EXTEND, IT LOOKS LIKE WE, WE CAN'T START THAT PROGRAM BACK UP TILL 2029.
I, I CAN SEE WHERE YOU SEE THAT.
I THINK THAT WE HAVE TO KEEP IN MIND THAT THE CARRYOVER IS SO SIGNIFICANT.
UM, SO I'D SAY THAT CONSIDERING THE MONEY THAT IS EARMARKED, WE HAVE UM, ROUGHLY A HUNDRED THOUSAND DOLLARS AVAILABLE NOW, RIGHT? MM-HMM.
WELL IF I'M READING THAT RIGHT.
WELL, I'LL ADD THAT THIS CASH FLOW ANALYSIS THAT YOU SEE IS A REQUIREMENT BY STATE LAW BASICALLY TO SHOW THAT WE HAVE THE REVENUE TO COVER OUR EXPENSES.
UH, BUT THE, THE TOTAL BUCKET, THAT'S 2% NUMBER THAT THAT CAN MOVE.
WE'RE NOT HELD IN STONE OR NEED A VOTE TO MOVE THAT UPPER BACK.
SO REALLY WHAT WE'RE LOOKING HERE IS TO GET OUR PROJECTIONS IN PLACE, GET THE EXPANSION COMPLETE, AND THEN IN FUTURE BOARD MEETINGS IF WE, WE WANNA HAVE THE FLEXIBILITY TO MOVE BETWEEN OUR BUCKETS AND ALSO MOVE EXPENDITURES UP IF NECESSARY.
BUT THE WAY THIS IS LAID OUT, THIS IS A SNAPSHOT IN TIME.
AND WHAT'S IMPORTANT IS TO ESTABLISH THE PROGRAM IN THOSE PROJECT AREAS WITH THIS UPDATE.
SO AS LONG AS WE HAVE THAT PROGRAM ESTABLISHED, IS THAT ACCURATE? CORRECT.
THAT WE'D HAVE THE, THE FUNDING FLEXIBILITY AS IT AS THOSE NEEDS PRESENT THEMSELVES.
SO ANNUALLY WE WILL, YOU KNOW, USUALLY IN JULY WE COME BACK WITH THE OPERATING BUDGET TO, TO GET RECOMMENDATIONS FROM Y'ALL SO THAT WE HAVE OUR OPERATING BUDGET THAT GOES TO COUNCIL AT THAT TIME.
WE CAN MAKE THOSE TYPES OF DECISIONS.
ALRIGHT, SO, UM, HAVING HAD THE PROPOSAL OF THE EXTENSION OF THE TIF TO 2044,
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STARTING IN 2025, DO WE HAVE A MOTION TO ACCEPT THE PROPOSAL? I MOTION? MOTION? DO WE HAVE A SECOND? SECOND.ANY DISCUSSION ON THE MOTION? ALRIGHT.
THE NEXT, THE NEXT ITEM ON THE AGENDA IS TO ADJOURN.
IS THERE ANY DISCUSSION BEFORE WE DO SO? ALL RIGHT.
LETICIA, IF YOU'LL JUST TAKE A LOOK AT YOUR PACKETS.
I BELIEVE, UH, WALKER DELIVERED AN INVITATION TO YOUR BOARDS AND COMMISSIONS MEETING.
UM, AS WELL AS A COZI WITH THE DOWNTOWN WEBSITE AND ONE OF YOUR, YOUR FIRST SATURDAY STAMPS PASSPORT THAT WE HOPE YOU'LL USE IN DOWNTOWN.
WE'LL ALSO WALKER GET REQUESTS VIA EMAIL FOR THOSE ON CALENDARS, ET CETERA, BUT THIS IS AN ADVANCED WARNING FOR US.
THE BOARD STANDS ADJOURNED AT 12 20 46.