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IT'S SIX O'CLOCK.[Tax Increment Finance #3 Meeting on January 24, 2024.]
UH, WELCOME TO THE JANUARY 24TH TIF THREE MEETING.UM, FIRST ITEM ON THE AGENDA IS AGENDA IS APPROVAL OF MINUTES.
UM, IF EVERYBODY REMEMBERS THAT OUR LAST MEETING, WE HAD THE INCORRECT MEETING MINUTES, SO FIRST WE WILL BE APPROVING THE JULY 26TH MEETING MINUTES, AND I KNOW THAT'S ON THE TOP OF EVERYBODY'S MIND.
UM, THEY WERE ALL SENT TO US AND I'M GOING TO HOPE EVERYBODY'S HAD A CHANCE TO REVIEW THEM.
DID ANYBODY SEE ANY CHANGES THAT NEEDED TO BE MADE? NO.
I READ THROUGH 'EM AND I DIDN'T SEE ANY, ANYTHING THAT I DIDN'T REMEMBER.
THEY'RE RIGHT, THEY'RE THE RIGHT DATE.
I NEVER CRITICIZED THE, UH, SECRETARY OF
YEAH, THAT'S, THAT'S WHY WE DON'T DO THIS.
WE APPROVE THE JULY 26TH MINUTES, SECOND MOTION BY MR. DUCKWORTH, SECONDED BY MR. PERRY.
ANY DISCUSSION? ALL IN FAVOR? AYE.
ANYBODY OPPOSED? THAT PASSES UNANIMOUSLY.
SECOND ITEM ON THE AGENDA IS THE APPROVAL OF MINUTES OF THE OCTOBER 25TH MEETING.
I DO REMEMBER THAT ONE LIKE IT WAS YESTERDAY.
IS THE 25TH OR 26TH? WAS IT THE 26TH? THIS IS OCTOBER.
DID I GET THE WRONG ONE? DO WE HAVE THE WRONG DATE? THE WRONG DATE ON THE MINUTES? IT'S TOP THURSDAY, THE JULY.
SO THAT'S THE ONES WE APPROVED IN.
OH, WOULD YOU JUST OCTOBER 25TH IS THE CORRECT DATE.
HAS EVERYBODY HAD A CHANCE TO REVIEW THOSE? ANYBODY WANNA MOTION US? I JUST HAVE HOW MANY PAGES OF THE 20 OF THE MINUTES THAT YOU HAVE ON OCTOBER 25TH? I HAVE THREE.
HOW? AND TO MOVE US ALONG, I'LL MAKE A MOTION.
SECOND WE HAVE A MOTION BY MR. DUCKWORTH, SECOND BY TONY.
ANY DISCUSSION? ALL IN FAVOR? AYE.
ANYBODY OPPOSED? MOTION CARRIES.
ALRIGHT, NEXT PORTION OF OUR AGENDA IS PUBLIC COMMENTS.
DO WE HAVE ANYBODY FROM THE PUBLIC WHO WOULD LIKE TO MAKE COMMENTS? NO.
WE'LL MOVE TO THE ITEMS FOR ADDITION, INDIVIDUAL CONSIDERATION.
UM, ITEM THREE, A RIVER SET PROJECT UPDATE.
AND I WILL GIVE THAT TO STAFF.
YEAH, BUT YOU CAN JUST DO THE, EVERYTHING IS ONE, UH, PRESENTATION.
SO FOR TONIGHT, SO IT'S GONNA COVER THE THREE A, B, C.
WE, WE WILL DO THREE A, B, C, AND D.
AND WE WILL GIVE OR A, B, C, ABC AND WE'LL GIVE THAT TO STAFF.
AND THEN COUNCIL, UH, COUNCIL BOARD MEMBERS.
UM, DON'T WISH THAT ON US PLEASE.
SO FIRST ITEM AND THE FIRST PROJECT, AND THIS IS REALLY ORIGINAL TIF THREE, UH, AREA IS THE RIVER SET.
SO PHASE ONE, I THINK LAST, UM, TIME, OCTOBER, WE TALKED ABOUT PHASE ONE, PHASE TWO, PHASE THREE UPDATES.
UH, 2 86 FOR THE PHASE 1, 2 66, UM, LOTS FOR THE PHASE, PHASE TWO.
NOW IT'S DARK, IT'S MOVING AND IT'S REALLY, CONSTRUCTION IS GOING FOR THE PHASE THREE FOR 13 LOTS, WHICH IS THE NORTHERN PORTION.
IF YOU SEE A PHASE THREE, THE CORNER, THAT IS THE PORTION FOR THE 13 LOTS.
SO TOTAL RESIDENTIAL LOT, AND IT IS GONNA BE A HUNDRED PERCENT, IT'S GONNA BE COMPLETE ABOUT A HUNDRED ACRE PROPERTY FOR TOTAL OF THE, UH, RESIDENTIAL LOTS.
I WAS KIND OF LOOKING AT THE D AD ON THE, UH,
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THESE, UM, UH, LOTS.AND THEN A LOT OF, SOME OF THEM IS 250, 200 70,000, UM, DOLLAR VALUE.
A LOT OF THEM MAKE 3 3 50, 4 50 SOME, SOME OF THEM 500,000.
SO WHEN YOU SIMPLE MATH, IF YOU HAVE THE $300,000 PER LOT IS THE TOTAL VALUE GONNA BE $169 MILLION FROM TOTAL A HUNDRED ACRES.
SO I BELIEVE WHEN MATT, UM, PUT TOGETHER THE, UH, TIF THREE ORIGINAL, THIS RIVER SET PROJ, UH, PROJECT, I THINK HIS ESTIMATE WAS 117 MILLION, SOMETHING LIKE THAT.
SO I THINK THIS PROJECT IS REALLY, UH, GOING STRONG.
UM, AND THE MARKET IS REALLY SUPPORTING THAT TIF THREE MEDICAL DISTRICT, VALEZ HEALTH PARK.
UM, A LITTLE UPDATE ON THIS ONE.
UM, WE AS A FOUNDATION, WE ARE IN THE PROCESS OF ACQUI ACQUIRING SIX ACRE LOT.
UH, THIS IS KIND OF ABOUT THIS BLUE AREA.
THIS IS, UH, STILL FIVE 30 CLARA BARTON ADDRESS.
UM, IT'S A PRIVATE OWNED, UH, PRI IT'S NOT THE PAV, UH, MEDICAL, UH, DEVELOPER.
BUT THIS DIFFERENT PARTNER OWNED THIS PROPERTY CURRENTLY.
SO THE PROPERTY OWNER WAS GETTING SOME LOI ON THE, UH, SOME INDUSTRIAL USE, WHICH MORE LIKELY SELF STORAGE.
UM, WHICH THEY, THEY ARE ALLOWED, UH, ALLOWED BY RIGHT TO DO THE DEVELOPMENT.
SO THIS SITE WAS, WE ARE, UH, VISIONING AS A COMMUNITY HOSPITAL SITE.
SO FOUNDATION IS IN THE PROCESS ACQUIRING THIS, UM, TO SECURE FOR THE FUTURE COMMUNITY HOSPITAL SITE.
WE ARE, UM, PLAN TO CLOSE MARCH THE FIRST.
SO, UH, WE'VE BEEN TALKING TO DIFFERENT COMMUNITY HOSPITAL OPERATOR.
UH, WE REACHED OUT TO PARKLAND FIRST AND WE HAD A PRETTY GOOD RESPONSE FROM THE PARKLAND AT THE BEGINNING.
BUT WHEN WE GOT TO THE CEO LEVEL, UM, THEY MENTIONED, UM, THANK YOU, BUT NO THANK YOU.
THE REASON IS THIS IS TOO CLOSE TO COLE, UH, COLE COUNTY AND ALSO ROCKWALL COUNTY.
SO WHAT THEY WANTED TO DO IS DEFINITELY MORE DIFFERENT, UM, AREA IN DALLAS COUNTY.
THEY WANTED TO, IF THEY'RE GONNA DO THE COMMUNITY HOSPITAL, IT'S HAS TO BE DIFFERENT SITE.
SO WE ARE KIND OF TALKING TO DIFFERENT, UM, ME, UM, MEDICAL SERVICE OPERATOR RIGHT NOW.
SO WE TRYING TO FIND THE, UH, COMMUNITY HOSPITAL OPERATOR ON THIS SITE.
UH, VA GARLAND NOW THEY HAVE A NEW OPERATING DIRECTOR.
UH, THEY, THEY, THEY USED TO BE, WE HAVE A REALLY GOOD RELATIONSHIP WITH THAT LADY, BUT SHE GOT PROMOTED SO THEY KIND OF REPLACED TO ANOTHER PERSON.
SO WE ARE, UM, TRYING TO HAVE A MEETING SET AND SO WE JUST WANTED TO HAVE A CLEAR DIRECTION OF WHAT THE VA'S HOSPITAL'S, UM, PLAN FOR THE FUTURE.
UM, ANOTHER ONE IS, UH, CONSTRUCTION DESIGN FOR THE CLARA BARTON.
IT'S REALLY THE ENTRANCE FOR THIS MEDICAL DISTRICT.
SO WE WANTED TO INCLUDE THAT FOR OUR CIP REQUEST FOR THIS YEAR.
WE ARE GONNA START FOR THE, UH, THE DESIGN, UH, PIECE FOR THIS CLARA BARTON IMPROVEMENT THIS YEAR.
CAN AN INCENT INCENTIVE INCENTIVE AGREEMENT WITH THE P PIAN.
UM, THIS IS A PRIVATE DEVELOPER WHO OWNED A THREE BUILDING IN THIS AREA.
WE, UH, AMENDED SO WE KIND OF EXTENDED THEIR TENANT IMPROVEMENT, UM, UH, INCENTIVE WITH THEM SO THAT THEY, RIGHT NOW THEIR, UM, OCCUPANCIES ABOUT 70%.
OUR GOAL IS, YOU KNOW, CLOSE TO 90%.
SO THAT COMMUNITY HOSPITAL GONNA BE REALLY, IT'S MORE, UM, ENCOURAGING FOR THE COMMUNITY HOSPITAL COME IN FOR THIS AREA.
SO THAT IT'S REALLY, WE ARE WORKING WITH THE, UH, PROPERTY OWNER TO, UM, OCCUPYING THESE BUILDINGS.
WHAT'S THE DISTANCE FROM THE PROPOSED COMMUNITY HOSPITAL SITE VERSUS THE, THE VA HOSPITAL? HOW MANY SQUARE MILES ARE WE TALKING ABOUT? ARE THERE APART FROM EACH OTHER? WHAT'S THE DISTANCE? THE COMMUNITY HOSPITAL WE ARE TRYING TO RECRUIT.
ACROSS THE STREET FROM EACH OTHER.
YEAH, THIS IS, THAT'S THAT KINDA WE ARE THINKING LOOSE SPOT.
THERE IS THAT FIELD THAT'S VACANT.
SO, SO WE ARE PURCHASING IT SO THAT WE CAN TALK TO THOSE OPERATOR AND THE VA'S, VA'S IN THE VERY MIDDLE AND IT'S RIGHT THERE.
CAN YOU SEE MR. P? I'M DONE, I'M DONE.
UH, THE BLUE PARTS, YOU TALKED ABOUT THAT.
IS THAT WHAT THE CITY OR WHAT WE'RE GONNA BUY? YES.
ACTUALLY IT'S, THERE IS A PROPERTY LINE IS RIGHT HERE.
CLARA BARTON ADDRESS IS BOTH SITE.
THIS, RIGHT NOW, THIS SITE AND THIS SITE IS SAME ADDRESS, BUT
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WHAT WE ARE PURCHASING ON THIS PIECE, BUT WE ARE TALKING TO PARIAN WHO OWNED THIS PIECE THAT'S MORE LIKE A PARK PARKING LOT.SO RIGHT NOW COMMUNITY HOSPITAL SIT IS THEIR PROPERTY AND OUR PROPERTY.
SO YEAH, THIS IS STILL CONCEPTUAL DRAWING, SO I'M NOT SURE IT'S EXACTLY GONNA GO THIS WAY, BUT THAT'S OUR PLAN IS THAT'S THE VISION.
IS THAT, IS THAT GONNA BE YEAH, HOLD ON.
THE, WELL, THE, THE BEDS FOR THE HOSPITAL.
IT WAS MORE EXTENDED RESIDENCE.
THE APARTMENT WITH OVERNIGHT STAY FOR FAMILIES.
AND WHERE IS THAT GONNA BE? MS? WE DON'T HAVE THAT SITE YET.
RIGHT NOW WE HAVE TO GET THE VA HOSPITAL STILL OPERATION IS NOT, UM, A HUNDRED PERCENT OF COURSE IT'S, THEY'RE TALKING ABOUT 30 TO 40% CAPACITY RIGHT NOW FOR THE VA HOSPITAL.
UM, SO, UM, THE HOTEL IS SOMETHING THEY REQUESTED TO IN THE FUTURE, BUT RIGHT NOW WE ARE NOT REALLY HAVE THAT SITE YET.
MY, I GUESS MY MAIN CONCERN NOW DURING THIS PRESENTATION, ARE WE LANDLOCK OR DO WE HAVE PROVISIONS FOR THAT FOR THE HOTELS SITE? WELL, YES, THE DISCUSSION ON THAT I THINK MM-HMM.
THE CITY OWNED THE ORANGE PIECE ON ALONG SHILOH TOO.
THAT'S THE POTENTIAL PROPOSED.
I AM NOT SURE IT'S GONNA BE HOTEL, BUT I LOVE TO HAVE SOMETHING RETAIL, SOME KIND OF MIXED USE ON THE GREEN AREA.
SO THIS CURRENTLY THE SHOPPING CENTER RIGHT HERE, BUT NOW THIS IS A HUNDRED PERCENT OCCUPIED.
SO IT'S VERY HARD TO COMMUNICATING TO THAT, TO, UM, SHOPPING CENTER OWNER.
BUT I WOULD LOVE TO REDEVELOP ON THIS SITE.
IT'S MORE MIXED USE, BUT THE, THE CONCEPT FOR THE TIME WE'VE BEEN HERE HAS BEEN SOMEWHERE IN THAT ORANGE AREA WAS WHERE THAT FACILITY MORE MEDICAL USE MAYBE OFFICE, BUT ALSO THE RESIDENTIAL MORE.
I JUST, I GUESS AS WE, I KNOW TIME IS OF THE ESSENCE.
I'M JUST TRYING TO, AS WE HAVE THESE REGULAR DISCUSSIONS, I'M JUST, MY CONCERN IS WE DON'T GET LANDLOCK AND REDUCE OUR OPTIONS.
THAT'S, THAT'S WHAT THE CONCERN IS.
WELL THE, IN ORDER FOR US TO PURCHASE ACQUIRING THIS SIX ACRE SITE, AT LEAST WE CAN SECURE SOME COMMUNITY HOSPITAL SITE.
BUT ALSO WE CAN CONTROL WHO, WHAT'S COMING IN THAT AREA.
NOW WE WERE TALKING ABOUT MAYBE TWO STORY, THREE STORY, WHATEVER THE STORY IS, MAYBE ON THE TOP.
MAYBE THAT'S SOMETHING WE CAN TALK TO THE VA AND COMMUNITY HOSPITAL AND ALSO PARIAN, IF THAT'S THE OVERSTAY HOTEL COMPONENT.
IF WE CAN DO WITH THE RESIDENTIAL COMPONENT, SOME SOMETHING WE CAN COMBINE.
WE JUST NEED TO FIND THE COMMUNITY HOSPITAL OPERATOR FIRST.
AND, AND FOR ALL INTENTIONAL PURPOSES THAT THEY'RE FULLY UTILIZED TO CAPACITY.
THERE'S GONNA BE A NEED DEFINITELY FOR THAT, FOR THAT OVER FAMILY OVERNIGHT STUDY.
WHEN WE DID THE COMMUNITY HOSPITAL STUDY, THE STUDY SHOW THAT MARKET RIGHT NOW TO SUPPORT IS 5,210 BEDS HOSPITAL.
THAT MEANS YES, WE NEED SOME, YOU KNOW, THOSE FAMILY CAN STAY OVERNIGHT AND EVEN DOCTORS THEY CAN STAY OVERNIGHT.
SO AND THAT WOULD, THAT WOULD KEY OFF OF, OF THE, UH, VA HOSPITAL ALSO.
SO THAT, YOU KNOW, IF VA RIGHT NOW, IF THEY, THEY OPERATION IS NOT S YOU KNOW, PROVIDING SERVICE, IT'S SOMETHING WE CAN WORK TOGETHER WITH THEM FOR THE COM.
THIS COMMUNITY SERVICE OPERATOR, SOMEHOW, IF THEY CAN COMMUNICATE WELL, IT'S, IT'S VERY HARD TO COMMUNICATE WITH THE VA.
BUT, UM, IF WE CAN DO THAT, WE CAN REALLY ENHANCING THE SERVICE, MEDICAL SERVICE TO THIS AREA.
AND YOUR DISCUSSIONS WITH THE VA IS THEIR, IS THERE LONG TERM PLAN TO EVENTUALLY OCCUPY THE ENTIRE OH, DEFINITELY.
THEY'RE, THEY'RE IN THE STAGE RIGHT NOW WHERE THEY ARE RETROFITTING MM-HMM.
THEY WANTED TO BRING ALL THE SURGICAL CENTER AND THOSE TYPE OF DEAL.
BUT RIGHT NOW, THAT'S THE REASON ENERGY CENTER IS KEY.
THAT WAS REALLY THE FIRST STEP FOR THEM.
SO THE BIG KICK HERE WITH THIS IS THIS IS THE FIRST TIME THE
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VA HAS DONE WHAT THEY'RE DOING.THEY HAVE NEVER TAKEN OVER A BUILDING.
SO THEY PROBABLY COULD HAVE CLEAR, STRIPPED THIS THING AND BUILT IT BACK MUCH FASTER THAN IT'S GONNA BE, BUT THE PRICE THEY PAID WAS RIGHT.
SO IT MAKES SENSE TO DO WHAT THEY'RE DOING.
IS THE IDEAL MS. SCHUSTER OF A COMMISSARY, IS THAT DEAD? IS THAT DOA WE WE ARE STILL TALKING.
IN YOUR DISCUSSION, WHERE, WHAT POTENTIALLY LOCATION WOULD THAT BE IN THIS? I DON'T KNOW, BUT BECAUSE RIGHT NOW IN A SHILOH SITE, YOU KNOW THE NORTH OF WESTWOOD, THIS THE BUILDING, RIGHT? THE WHITE ONE NEXT TO THE RED AREA.
ON THE FAR, FAR LEFT, LEFT HAND SIDE.
ONE, IT'S REALLY ON THE FRONT SIDE.
BUT THAT'S SOMETHING WE DISCUSSED THAT LIKE BACK THEN.
BUT RIGHT NOW, ANOTHER THING IS THEY NEEDED TO HAVE SOME OFFICE SPACE THAT THEY'RE USING RIGHT NOW.
UNLESS SOME FACILITY FOLKS, THE MAINTENANCE FOLKS, THEY'RE USING THAT AREA.
SO THEY HAVE TO REALLY RENOVATE AND EVERYTHING.
BUT IT'S, RIGHT NOW THEIR MAIN FOCUS IS THE CAMPUS.
HAVE YOU BEEN IN CONTACT WITH THE, THE HOS NEW HOSPITAL AT SAXE? I BELIEVE THAT WENT UNDER, UNDERWENT A DOWN FORECLOSURE, WHATEVER THE PROPER TERM AND THEN IT NOW MEDICAL CITY TOOK OVER.
I DON'T KNOW WHO OWNED MEDICAL.
YEAH, I THINK NOW IT'S THE MEDICAL CITY.
AND IT WAS REALLY A LOT OF ISSUE.
THAT WAS KIND OF AFFECTING OUR COMMUNITY HOSPITAL RECRUITMENT CONVERSATION TOO.
HOWEVER, BUT IT'S, WE ARE HEARING A LOT OF CHALLENGES WHAT THEY HAVE.
SO THEY HAD, SO, BUT NOW IT'S, I THINK MEDICAL CITY TOOK OVER.
I THINK IT'S A GOOD THING FOR COMMUNITY.
I, I GUESS WE LEARN BY THE MISTAKES.
HOPEFULLY WE CAN, THEY CAN LEARN AND WE HOPEFUL MM-HMM.
FIND AN OPERATOR OR EVEN THEM PERHAPS.
BUT TOO CLOSE TO COLLIN COUNTY.
AND, UH, SO WHAT, WHAT'S THE PROBLEM THERE FROM A BUSINESS MODEL? I MEAN, THE CHALLENGE, SO, OF COURSE, UH, WHEN WE ARE IN DALLAS COUNTY, SO WE ALL PAYING HOSPITAL DISTRICT, WHICH WE PAYING EXTRA TAX.
COLLIN COUNTY, ROCKWALL COUNTY, THEY DON'T HAVE A COMMUNITY HOSPITAL.
THOSE CITIZENS, THE RESIDENTS IN THE LIVING COLLIN COUNTY AND THE ROCKWALL COUNTY, THEY'RE COMING TO PARKLAND.
THEY, THEY CAN'T TURN 'EM AWAY.
IF THEY GO INTO THE EMERGENCY ROOM, THEY HAVE TO PROVIDE CARE.
THAT THE COST RIGHT NOW IS JUST TREMENDOUS.
AND THEN SO JUDGE AND SO PARKLAND, CEO, AND THEN THEY'RE TALKING ABOUT RIGHT NOW, THEY'RE STRATEGIC PLAN IS NOT, IF THIS IS TOO CLOSE.
SO THEY, BECAUSE IT'S FROM SHILOH, WE TAKE GEORGE BUSH.
IT'S REALLY VERY, VERY CLOSE TO COLLIN COUNTY.
SO THAT WAS THE REALLY BIGGEST CHALLENGE FOR THEM.
YEAH, I CAN, I CAN UNDERSTAND THAT, THAT THAT PHILOSOPHY.
'CAUSE JUST LIKE THE DART DART SYSTEM, THE DART UP HERE, LAKE RAY HUB, WE GOT PEOPLE COMING IN FROM MESQUITE.
SO I, I UNDERSTAND THERE'S BEEN TALK IN THE PAST ABOUT PUTTING PRE DALLAS COUNTY PUTTING PRESSURE ON THOSE COUNTIES TO GET TO BE A PART OF THE PROGRAM.
THEY ASK AND THEN THEY SAY, NO, THANK YOU.
THAT, THAT'S OBVIOUSLY THAT'S, THEY WERE TOLD, YOU'RE, YOU'RE ALREADY PROVIDING IT.
WE DON'T HAVE TO PAY ANYTHING FOR IT.
SO YEAH, THAT'S REALLY CHALLENGE AND IT DEFINITELY AFFECTING US.
UM, BUT OH, WELL WE, WE'LL KEEP, YOU KNOW, KEEP TRYING TO FIND THAT, YOU KNOW, GOOD OPERATOR FOR BRING COMMUNITY HOSPITAL.
SO I THOUGHT IT'S A PARKLAND IS A REALLY GOOD SHOT AND IT'S GONNA BE PERFECT FOR THEM, BUT BE PERFECT.
BUT THE, THE, THE CHALLENGE IS THAT YEAH, THEY, THEY WERE SAYING THAT, AND ALSO PAV ACTUALLY SIX, UH, SIX 10, I THINK LAR BARTON THE OTHER SIDE.
THIS, THE BUILDING ON THE WEST SIDE, THEY HAVE A PARKLAND, IT'S LEASING 10,000 SQUARE FEET AND THEY INCREASE THE SQUARE FOOTAGE TO SERVE, UM, THE GARLAND RESIDENT.
RIGHT NOW, THE VISIT THEY'RE RECEIVING FROM, FROM THIS 10,000 SQUARE FEET CLINIC DOES NOT SHOW WE NEED A COMMUNITY HOSPITAL AT THIS LOCATION.
THAT WAS ANOTHER REASON THEY TOLD US.
BUT ANYWAYS, FOR ME, THAT'S KIND CHANGE THEIR HABITS AND, AND YEAH, THEY CAN GET SERVICE.
ANYWAY, WE'LL KEEP YOU POSTED.
THANK YOU VERY MUCH FOR YOUR SUPPORT.
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LAST MEETING WE HAVE A LONG DISCUSSION AND IT MAP WENT THROUGH ALL THE, UH, BULLET POINT.BUT, UM, THIS, YOU GOT THE NEW, UH, MAP AND UH, AS MATT MENTIONED, WE ARE ESTIMATING OVER $1 BILLION NEW TAX VALUE FROM DATA CENTERS IN THE NORTH GARLAND AVENUE AND, UH, GARLAND AVENUE, WHOLE FORD AREA.
AND FROM THAT, UM, DEVELOPMENT OF THE NEW TAX VALUE IS PUMPING TO 6 35 AND THE SOUTH GARLAND AVENUE AREA TO, UM, CREATING DESTINATION MORE RETAIL.
AND FROM THAT, WE CAN REALLY PUSHING THOSE REVENUE TO THE MEDICAL DISTRICT.
BUT AGAIN, MEDICAL DISTRICT IS DEFINITELY OUR PRIORITY AND WE ARE REALLY TRYING TO GET THE COMMUNITY HOSPITAL AND ALL THE IMPROVEMENT.
UH, WE ARE GONNA BE SECURING SOME FUNDING FOR THAT AREA.
UH, YEAH, WE TALKING ABOUT ALL THAT.
SO THERE'S, I JUST WANTED TO KIND OF GIVE YOU SOME UPDATES ON THE, UH, NEW DISTRICT EXPANDED AREAS, UH, PROJECT, UH, FOR THE DATA CENTERS, UH, WE HAVE THREE DATA CENTERS, UM, UNDER CONSTRUCTION RIGHT NOW.
STREAM REALTY IS, UM, GEORGE BUSH AND THE LOOKOUT.
THEY HAD ABOUT 120,000 SQUARE FEET.
IT WAS PHASE ONE, SEVERAL YEARS, COUPLE YEARS AGO THEY BUILT, THEY WERE ADDING A EXACTLY THE SAME SIZE OF THE PHASE TWO.
THEY WERE HAVING A FACEBOOK AS A TENANTS AND THEY WERE, UM, I THINK ALMOST COMPLETE, UH, THAT CONSTRUCTION NTT GLOBAL DATA CENTERS.
THEY HAD A 42 ACRE LOT AND THE FIRST BUILDING WAS BUILT 2017.
THEY'RE WORKING ON THE TWO DIFFERENT TWO BUILDINGS.
BOTH OF THEM ABOUT 200,000 SQUARE FEET EACH.
UM, THEIR TENANT GONNA BE AMAZON, I THINK EVERYBODY SHOP AT THE AMAZON, ALL THE DATA GONNA GO THROUGH THAT.
IS THAT A NEW COMPANY OR, YEAH, IT'S A BRAND NEW KIND OF NEEDLE CATCH ON.
UM, SO THAT SECOND AND THEN THIRD BUILDING, AMAZON GONNA BE TAKING THE BOTH BUILDING AND ACTUALLY THEY'RE NEGOTIATING WITH AMAZON AND FOURTH BUILDING DIGITAL REALTY.
THEY HAVE A 63 ACRES, UM, IN THAT SAME AREA.
FIRST, UH, PHASE ONE IS THEIR BUILDING ABOUT 170,000 SQUARE FEET.
UH, THEY'RE GONNA HAVE WELLS FARGO ON THERE.
THEY HAVE SOME, UM, EXPANSION PLAN ON THAT SITE.
THEY'RE TAKING SEVEN 14 ACRES.
AND ALSO WE ARE DISCUSSING, UM, SOME THEIR, UM, DEVELOPMENT PLAN FOR THE PHASE TWO THROUGH PHASE FIVE.
SO THEY'RE STILL HAVE SOME ACREAGE TO BUILD FOUR MORE BUILDING IN THIS AREA.
IS THERE ANY ESTIMATED, UH, EMPLOYMENT IN NUMBERS ON THOSE? SO ONE BUILDING 200,000 SQUARE FEET, PROBABLY 25 TO 30 PEOPLE.
SINCE THEY'RE DATA CENTERS, IT'S RELATIVELY LOW.
IT'LL BE SMALL FOR THE SQUARE FOOTAGE.
SO YEAH, THERE IS NO TRAFFIC ISSUES FOR THAT.
UH, THE MULTIFAMILY 1102 NORTH SHILOH ROAD PRESERVE AT SHILOH.
I THINK THIS ONE IS, UM, YEAH, SHILOH ROAD.
WHICH ONE WAS THIS ONE? UM, THAT'S JUST PAST NORTH GARLAND AVENUE.
THERE IS A TWO BRAND NEW BUILDING.
I THINK THAT PICTURE IS TWO BUILDINGS.
GEORGE BUSH HIGHWAY, MOTORWAY GARLAND.
IT'S INDEPENDENT LIVING, UH, FACILITY.
AND IN 2055 ARAPAHOE, WHICH IS ABOUT ARAPAHO IN THE NORTH GROUND AVENUE, THAT PRESERVE AT SPRING CREEK SENIOR LIVING, THAT IS INDEPENDENT ASSISTED LIVING AND IN MEMORY CARE, THIS IS ALL INCLUDED IN THE NEW, UH, T THREE DISTRICT AND THEN GOING TO SOUTH.
AND IN 46 89 SOUTHERN ROAD PRESERVE.
I'M SORRY THAT I, I'M SORRY, THIS IS A DIFFERENT NAME, BUT THE 46 89 SATURN ROAD IS RIGHT ADDRESS.
IT'S NORTH OF OLIVE GARDEN, THOUGH.
THAT'S THE, ACTUALLY THIS IS A PFC PROJECT, SO THAT'S NO TAX VALUE TO THE CITY, BUT AT LEAST ADDING THE 300 UNITS OF APARTMENT IN THIS AREA FOR THE INDUSTRIAL 2,800 MACREE.
A U-HAUL IS ADDING THE, UM, SOME, I THINK A NEW, UM, SECOND BUILDING OF STORAGE UNIT.
UM, NOW WHAT WE ARE TALKING, DISCUSSING WITH THEM IS 250,000.
CAR IS GOING THROUGH 6 35 EVERY DAY.
SO COUNCIL LADY LACTATE IS WORKING WITH THEM TO PUT SOME MURAL ON THE, UH, THE FACING TO 6 35 SITE.
AND THEN THEY ARE, UM, OPEN FOR THE DISCUSSION.
IT'S ABOUT A MILLION SQUARE FEET, UH,
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PROPERTY USED TO BE FLEMING'S, UH, DISTRIBUTION CENTER.MACREE IS INDIVIDUAL, UM, DRY STRETCH STORAGE BEFORE.
BUT THIS, UH, NEW GROUP SCOUT CAPITAL CAME IN.
IT'S PUTTING EVERYTHING ON THE COLD STORAGE AND A SOLID AND GO.
THEY ARE OCCUPYING ENTIRE BUILDING FOR ALL THE PACKAGING AND, UM, DISTRIBUTION CENTER.
AND THEN 25 50 AND IT USED TO BE 40,000 DRY STORAGE AREA, THEY DEMOLISHED.
AND THEY ARE ADDING 120,000 SQUARE FEET OF THE, UM, UM, COLD STORAGE.
SO IT'S GONNA BE MUCH HIGHER TAX VALUE TO THE CITY.
AND THE RETAIL, UH, THIR, UH, 13 5 0 9 LBJ FREE FREEWAY.
THAT'S ACTUALLY ARLENE'S PROPERTY.
UH, THIS RES OPENED UP HOW MANY SQUARE FEET IN 20,000, 25,000, 25,000 SQUARE FEET.
THE REGIS, UH, CAME IN AND ALSO ALMOST NEXT TO IT, OLIVE GARDEN IS OPEN ON MONDAY.
SO THAT'S SOME EXCITING PROJECT IS HAPPENING IN THIS AREA.
THAT'S A VERY GOOD REP, UH, PRESENTATION.
MS. SCHUSTER, I, I'D LIKE TO MAKE A REQUEST OF, AND I CAN GET THAT ELECTRONICALLY.
IN PREPARATION FOR CITY COUNCIL, IT, MR. MOORE'S, COUNCILMAN MOORE'S NEXT TOWN HALL MEETING.
I DON'T KNOW IF IT'S GONNA BE VIRTUAL OR IN PERSON, BUT IF, IF CALLED UPON IN THIS AGENDA, WE HAVE TO GIVE AN UPDATE THAT THAT'D BE A GOOD REFERENCE MATERIAL.
AND THAT'S THE FIRST QUESTION.
BASED UPON THE CITY COUNCIL APPROVAL, WHAT ARE THE NEXT STEPS IN REGARDS OF WHAT'S GONNA HAPPEN WITH, WITH THE, UH, RESOLUTION THAT WAS PASSED OR THE RECOMMENDATION THAT WAS PASSED? WHAT ARE THE NEXT IMMEDIATE NEXT STEPS FOR THE, UH, TIF? THROUGH IT, THEY'VE EXPANDED THE BOUNDARIES AND MM-HMM.
SO EVERY TIME THE PROJECT THAT WE, I'M GONNA COME TO THE REPORT AND THEN MATT GONNA COME TO THE FINANCIAL PIECE.
THAT'S VERY GOOD PRESENTATION.
YEAH, THAT'S A LOT OF THINGS HAPPENING.
ANY OTHER QUESTIONS? MM-HMM?
AND THEN, YEAH, KIMBERLY GARO, SHE IS, I'M SO SORRY.
IT'S ON MY NOTES AND NEED TO DO THAT.
YEAH, SHE'S ECONOMIC DEVELOPMENT MANAGER.
BUT
WE'RE, WE'RE ALL ON PROBATION HERE.
SHE DOES A LOT OF PROJECTS AND THEN YES, SHE WORKING WITH THE, UH, CLOSELY WITH THE CHAMBER FOR THE, UH, MORE SMALL BUSINESS ENGAGEMENTS AND A LOT OF THINGS.
ANY QUESTIONS? ANYBODY I HAVE ANYTHING ELSE TO ADD, COURTNEY? NO.
THANK YOU VERY MUCH MS. SCHUSTER.
SO OUR NEXT ITEM ON OUR AGENDA IS NUMBER 3D.
WE HAVE A FUTURE MEETING DATE PROPOSED OF APRIL 19TH.
IT'S NOT, WHEN IS EASTER? SO THAT'S NOT EASTER'S.
OH IS IT END OF MARCH? THIS IT'S Y I'LL EXPLAIN THAT AFTER THE MEETING.
BUT THE SECOND FULL MOON HAPPENS THE MIDDLE OF MARCH.
SO IT FALLS ON THE SUNDAY AFTER THAT.
UM, DOES ANYBODY SEE AN ISSUE WITH A FRIDAY? OH YEAH.
UM, OUR MEETINGS ARE TRADITIONALLY HELD ON THE FOURTH WEDNESDAY OF THE MONTH WITH WOULD BE WEDNESDAY THE 24TH OF APRIL.
IS EVERYBODY OKAY WITH THAT DATE? YES.
WE WILL PENCIL IT IN AND IF WE NEED IT, WE'LL HAVE IT.
THAT BEING SAID, WE HAVE COME TO THE END OF OUR AGENDA.
DOES ANYBODY HAVE ANYTHING ELSE TO ADD THEN AT SIX 30 I WILL CALL US.