[ NOTICE OF MEETING CITY OF GARLAND, TEXAS BOND STUDY COMMITTEE Goldie Locke Community Room of the Charles E. Duckworth Utility Building 217 N. Fifth Street Garland, Texas August 29, 2024, at 6:00 p.m. A meeting of the Bond Study Committee of the City of Garland, Texas will be held on Thursday, August 29, 2024, at 6p.m. at, 217 N. Fifth Street, Garland, Texas in the Goldie Locke Community Room of Charles E. Duckworth Utility Building.]
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NOBODY IS GOING THEM TO SUE ME.
6 0 2 TO ORDER, UH, UM, SINCE WE'RE WE'RE DOING THIS FOR THE RECORDING HERE, WE WANT, UH, AND TALKED TO ME LAST WEEK ABOUT REASSURE YOU MICROS, UH, SOME THINGS LIKE THAT.
SO I WANT DO SOME OF THIS BECAUSE YOU'RE NOT SEEING US AT
UH, SO MY NAME'S JOE THOMAS, CHAIR OF THE BONDS SEVEN.
BEEN CALL IS BEING ORDERING SIX AT 2:00 PM AUGUST 29TH.
IF WE DO HAVE A FORUM TONIGHT.
AND SO, UM, WE'LL, UH, NOW GO TO THE PUBLIC NOTICE OF AGENDA SECTIONS AND, UH, BEGIN TO FIND COMMENTS, UH,
UM, PERSON WHO TO DESIRE, WHO DESIRE TO ADDRESS THE COMMITTEE ON ANY ITEM ON THE AGENDA, ALLOW THREE MINUTES TO SPEAK.
CONSIDER ITEMS CONSIDERED OR GIVEN AT THE BEGINNING OF THE COMMITTEE MEETING.
INVITED TESTIMONY MAY ALSO OCCUR AT ANY TIME SUBJECT TO A REQUEST, THE MEMBER OF THIS COMMITTEE AND WITH THE APPROVAL OF THE COMMITTEE CHAIRPERSON.
SO ARE THERE, UH, IS THERE ANYONE WISHING TO ADDRESS THE COMMITTEE, UH, IN THE WAY OF PUBLIC COMMENTS? I, I HAVE SOMEONE HERE IN THE BACK IF YOU COME TO THE PODIUM, SIR, AND TELL US YOUR NAME AND NAMING ADDRESS FOR THE RECORD.
JUST LIKE GETTING THROW OUT A SPEAKER CARD, PLEASE GO AHEAD.
I, CHRISTIAN STEVENS,
UM, GUESS I'D LIKE TO SPEAK ABOUT, UM, WHAT I, WHAT I WAS ABLE TO SEE AND NOT SEE FROM THE LAST WEEK'S MEETING.
UM, I WAS HERE AT THE FIRST MEETING THAT I, I HAD HEARD THAT THE MEETINGS WERE GONNA BE RECORDED.
UH, I WILL SAY I WASN'T ABLE TO BE HERE LAST WEEK, BUT I, I DID SEE THE PRESENTATION.
I LOOKED AS HARD AS I COULD ON THE SEE WEBSITE TO FIND REPORTINGS.
COULD NOT FIND RECORDINGS OR HAMILTON.
AND I, I WISH I HAD BEEN ABLE TO BECAUSE, UM, I, I WOULD REALLY LIKE SEEING THE PRESENTATION ABOUT THE PLANS FOR HOSPITAL.
UM, I WOULD LIKE TO HEAR THE PRESENTATION MORE BECAUSE WHILE THAT PRESENTATION WAS OUT STOLEN, THE CONCEPT LOOKS GREAT.
I'M VERY CONCERNED ABOUT THE VIABILITY FINANCIALLY.
UM, YOU KNOW, I, I WOULD HATE TO SEE US HAVE BUYING PACKAGES THAT THE CITIZENS VOTE FOR IN, IN PASS TO BUILD A HOSPITAL AND WE START INSTRUCTION ON A HOSPITAL, BUT THEN WE DON'T HAVE A HOSPITAL 'CAUSE WE CAN'T GET DOCTORS IN ADMINISTRATIONS WHO ARE WILLING TO WORK AT THE RISK OF NOT GIVING.
AND THAT'S, I THINK IT'S STILL MY REMARKS, UNLESS I DON'T KNOW WHAT, HOW IN THAT HERE
SO, ANY QUESTIONS FROM THE SPEAKER? I SEE CHAIRMAN, CHAIRMAN, WE'RE, WE'RE NOT ALLOWED TO DELIBERATE WITH PUBLIC COMMENTS.
UH, ONE SPEAKER COMMENTS, UH, WE'RE GONNA GO BACK TO THE PUBLISHED AGENDA, STARTING WITH WELCOME.
MARY MAC WILL PROVIDE WELCOME TO THE COMMITTEE.
I NEED SPEAK FOR MS. PODIUM, THE ADDRESS.
I WILL GO, UM, WELL, OKAY, SO I HAD TO ASK, WHY ARE YOU TWO SEPARATED FROM EVERYBODY? WHAT DID YOU DO ALREADY? WELL, I JUST WANT TO, UH, TAKE A MINUTE TO TAKE ALL YOU WE'RE DOING THIS.
SOME OF YOU, I KNOW SOME OF YOU I, SOME OF YOU I KNOW PERSONALLY, SOME OF YOU I KNOW BY NAME.
UM, SOME OF YOU I, I HAVE NEVER MET AT ALL.
SO, UH, I WANT TO THANK YOU FOR TAKING THE TIME, UH, TO DO THIS.
AND IT WAS REALLY APPROPRIATE THAT GO AND I JUST MISSED EACH OTHER ON THE PLAN COMMISSION.
UM, BUT IF THERE WAS AN EXAMPLE OF SOMEBODY WHO GAVE THEIR TIME TO THE CITY, IT CERTAINLY, UH, CERTAINLY WITH HER.
UM, AND SO THAT'S WHAT YOU'RE DOING AS
SO, UM, YOU KNOW, SHE GETS TO SIT AND, AND WATCH YOU ALL NIGHT.
UM, BUT, UH, YOU KNOW, SHE WAS ON THE PLANT COMMISSION FOR MANY YEARS.
ONE OF THE FUNNIEST THINGS I EVER SAW IN ARY, I, I'M JUST GOING TO TELL YOU THE, THE THEORY WASN'T GOING WELL FROM THE A JUST NOT GOING HAPPENING
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SOMETIME.AND, AND THE APPLICANT KIND OF GOT THE FEELING THAT, YOU KNOW, HE STARTED TRYING TO PICK UP STUFF ON THE FLY.
WHAT WE, THIS TURNS INTO AN COMMERCE.
THEY'RE LIKE THIS, THEY GONNA LIKE THIS.
JUST, HE'S LOOKING THIS OPTIONS THAT'LL GET THIS CASE THROUGH THE PLAN COMMISSION AND GOLDEN PIPES UP ON THE MIC.
HE SAID, SIR, AND HE'S ASKING, YOU KNOW, HE'S ASKING THE PLAN COMMISSION, WHAT DO YOU THINK? WHAT DO YOU THINK? WHAT DO YOU THINK THE CITY ATTORNEY'S PROBABLY ABOUT TO HAVE A SEIZURE,
HE GOES, SIR, IT, IT IS NOT OUR JOB.
AND DESIGN YOUR PROJECT
IT'S, UH, LIKE I SAY YOU FOR THE TIME.
I KNOW WE ALL, WE ALL HAVE
UM, AND, AND THAT YOU MAKE THE TIME TO DO THIS.
AND I CERTAINLY APPRECIATE, UH, YOU KNOW, YOU HAVE SEEN WITH THE 2019
UM, AND WE HAVE PUT A LOT OF PROJECTS ON THE GROUND, UH, AS WE PUT A LOT OF CONCEPTS OUT THERE THAT PEOPLE ARE, ARE AS FAR AS CATCHING THEMSELVES TOO.
UM, AND ONE OF THE FIRST, YOU KNOW, THAT THAT PACKAGE WILL BE DONE, I THINK SUBSTANTIALLY BY
AND ONE OF THE FIRST DUTIES I HAD WITH JUDGE REX WHEN HE BECAME CITY MANAGER, HE'S ACTUALLY GONNA CAPTAIN PAUL, UH, WAS WHAT'S NEXT? WHAT, WHAT IS NEXT? WHAT DO WE DO EXPECTED IS ABOUT WE BUILT ALL THESE REC CENTERS AND WHATEVER IT IS THAT WE'RE DOING, FIRE STATIONS, WHATEVER, WHAT'S NEXT? YOU KNOW, HOW DO WE CONTINUE THAT MOMENT? HOW DO WE CONTINUE THAT
CAN WE START TALKING ABOUT, YOU KNOW, THE NEXT BOND PACKAGE, NEXT INITIATIVE, NEXT
UM, AND SO THAT'S WHY YOU ARE ALL HERE.
YOU ARE, WHAT'S NEXT OR WHAT YOU COME OUT WILL BE WHAT'S NEXT? UH, AND I FORWARD TO, I KNOW YOU GOT, YOU'VE GOT LOTS OF, LOTS OF GROUND TO COVER BEFORE YOU GET INTO MAKING THE PRESENTATION TO COUNCIL.
UH, BUT I'M LOOKING FORWARD TO IT, UH, BECAUSE I KNOW THAT, UH, WHAT WILL COME OUT OF THIS, UH, I I, I KNOW THAT IT WOULD FOLLOW NICELY ALONG WITH, WITH WHAT WE HAD DONE PREVIOUSLY.
UM, AND SO I KNOW THAT'S LIKE THIRD MEETING AND YOU'RE STILL GETTING, UH, SWING WITH EACH OTHER.
CAN ALSO APPOINTED WITH MATH, WHICH YOU GET INTERESTING.
UM, AND HOW FINANCE PROJECTS WE INITIATIVE.
UM, THERE'S, THERE'S OBVIOUSLY STILL A LOT OF GRATITUDE COVERED THERE, BUT, UH, JUST KNOW THAT MYSELF, COUNCIL, THANK YOU FOR WHAT YOU'RE DOING.
WE'D LIKE TO TAKE A GROUP PHOTO.
YOU IN THE HALLWAY? IN THE HALLWAY? YES.
THAT'S A LITTLE MORE ROOM THOUGH.
YOURSELF? NO ANDY IN FRONT? SURE.
YOUR IT, YOU HAVE ACCESS TO EVERYTHING
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IN IT'S TO A PICTURE AND THE, OH, IS IT IN HERE? OPEN THAT UP AND THEN RECORD WHEN HE GETS IN THERE.AND WE USE IT TO DECOMMISSION OUR FERENCE, RIGHT? I WORK HERE AS DONE.
SO, HEY, LOOK AT THOSE CAPITAL LETTERS ON THE SCREEN.
YOU ANYBODY HAVE, UH,
WHETHER NOT BE PATIENT, ABSENT AS PRESENT.
SO WE HAVE THE ENTIRE COMMITTEE JUST AS PRESIDENT, AND FOUR OF THOSE WAS ABSENT.
SO, UH, I THINK THE, UH, THE ABSENT THIS IS CORRECT AND THE PRESENT, THIS NEEDS TO BE CORRECTED.
ANYTHING ELSE? UM, I DIRECTLY,
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BOB THAT WE APPROVE THE MINUTES AS AMENDED TO HONOR SECONDS.ANY OBJECTION? NONE MISSED ARE APPROVED AS, UM, ITEM FOUR.
UM, THE, UH, ITEMS FOR INDIVIDUAL CONSIDERATION.
UH, JUST A COUPLE OF THINGS TO MY CONVERSATION WITH STAFF.
UH, IT FAULT, THEY'RE, THEY ARE RECORDING AND THEY'RE TRYING TO HAVE AI THE TRANSCRIPT, BUT WE DON'T USE THE MICROPHONE.
IF YOU'RE GONNA TALK TONIGHT, HAVE POINTED YOU, WE'LL WAIT FOR YOU.
UM, THE, UH, STAFF, YOU WOULD PLEASE INTRODUCE YOURSELF OUT HERE, UH, SO THAT WE KNOW WHO, WHO WE'RE TALKING TO AND LISTENING TO AND THE TRANSCRIPT HAS THE PROPER NAMES THERE.
AND THEN, UH, TO BORROW ONE FROM THE MAYOR, UH, WHEN STAFF OR WHOEVER'S PRESENTING, IT'S DONE.
I ASK QUESTIONS, BUT WHEN, WHEN TWO OR THREE SECONDS ASK BY AND NOBODY ANSWERS HAS A QUESTION.
MAYOR SAYS, I SEE NONE, NO MORE QUESTIONS.
AND SO WHEN I SEE, I SEE NONE, THAT MEANS STAFF.
OKAY, I'LL, I'LL USE THE MAYOR'S PHRASE.
ALRIGHT, SO THAT'S KIND OF WHAT I HAD.
UM, AND UH, DO YOU HAVE SOMETHING BEFORE US, SIR? YES.
SOME OF YOU WERE HAVING TROUBLE ON YOUR PHONE.
UM, I THINK I'VE NARROWED IT DOWN TO THOSE S SP UH, ANDROID PHONES.
UM, SO IF YOU'RE NOT ABLE TO DO MET TO UNDER THE PHONE, YOU WILL BE ABLE TO
SO THERE, THERE'S A 32ND
MAKE SURE THAT WE PUSH THAT BUTTON.
I'M HAVING A LITTLE PROBLEMS READING, BUT IT'S RIGHT THERE.
ONCE YOU GET THAT GREEN LIGHT, THAT MEANS YOU'RE ON TIME.
AND IF YOU WOULD, UM, TO HELP WITH THE MINUTES AND THE TRANSCRIPTION ANNOUNCE, SAY YOUR NAME, TRY FIRST OF MY BREAK BEFORE YOU SPEAK.
THAT WAY WE CAN MAKE SURE WE TAG YOU WITH WHAT WE'VE ADDED.
RIGHT? LASTLY, THE BUREAU ARE STILL HAVING TROUBLE WITH TECHNOLOGY.
UM, I'M GOING TO GIVE THEM A, UH, A LINK TO WHAT'S CALLED A BOOKINGS PAGE AND IT SHOWS MY AVAILABILITY.
YOU CAN CLICK ON THAT SCHEDULE ABOUT A HALF HOUR HOUR WITH ME AND I'LL MEET WHEREVER THE HELP YOU MAKE SURE WE CAN GET THE
OKAY? I'M GOING TO SO YOU OUT.
WE GOT ANY QUESTIONS? OH, SORRY, WHO, WHO HAS THE ANDROID PHONE? RAISE YOUR HAND.
WE NEED TO, WE NEED HEAR AND LOOK AT IT ON YOUR LAPTOP.
SO
UM, WHEN THAT BOOKING, UH, LATE COMES OUT ONCE YOUR TIME A WEEK, GET A WHOLE, THAT'S A WHOLE NEW LITTLE BIT AND, UH, WE'LL, WE'LL FIGURE IT OUT.
YOU'RE GONNA SEND SOMEBODY A LEAD? SEND A QUESTION.
AN EMAIL AND IT'LL SAY, WHAT TIME WILL YOU I SEE NOTHING.
TIFFANY, YOU KNOW, CHIEF COMMUNICATIONS OFFICER.
I WAS ABLE TO MEET WITH Y'ALL LAST WEEK AND I DO HAVE SOME FOLLOW UP QUESTIONS, BUT I WANTED TO SHOW Y'ALL THIS FIRST, AS PART OF THE LOGISTIC RESOURCES, WE HAVE A LINK HERE TO A WEBPAGE.
WE HAVE PUT A WEBPAGE ON THE CITY'S WEBSITE.
IT'S UNDER YOU GO TO THE TOP TAX CITY SERVICES, BOARDS AND COMMISSIONS.
AND ONCE YOU GET TO THE BOARDS
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AND COMMISSIONS, IT HAS ALL OF THOSE LISTS LISTED TO, SORRY, I I SEE IT HERE.NOW WHAT I'M, SO I WANNA BACKTRACK REALLY QUICKLY.
WE'RE ON THE CITY WEBSITE, OUR TABS UP AT THE TOP AND YOU SEE CITY SERVICES.
YOU GO TO BOARDS AND COMMISSIONS.
AND THEN ALONG THE LEFT HAND, THIS GREEN BOX RIGHT THERE YOU WILL SEE ON STUDY COMMITTEE.
AND THEN THAT TAKES YOU TO THE PAGES THAT WE'RE, WE'RE VIEWING RIGHT NOW.
SO, UM, WE HAVE WHERE THE, THE MEETINGS ARE, WE HAVE A LIST OF MEMBERS, AND THEN WE HAVE OUR AGENDAS AND AUDIO RECORDINGS, THE PRESENTATIONS THAT ARE, UM, GIVEN TO YOU GUYS, THE POWERPOINTS, UM, AND THEN WHEN UPDATES ARE PRESENTED TO THE CITY COUNCIL.
ONE THING TO NOTE ON HERE ABOUT THE MEETING AGENDAS AND AUDIO RECORDINGS.
WE ARE WORKING ON THE AUDIO RECORDINGS AS FAR AS Y'ALL, YOU KNOW, CHANGING, GETTING MICS AND, AND ALL OF THAT TO MAKE SURE THAT THOSE AUDIO RECORDINGS ARE ABLE TO BE HEARD.
UM, AND THOSE WILL BE LINKED THERE.
SO WE ARE GONNA HAVE ALL THOSE AUDIO RECORDINGS AVAILABLE, UM, ALONG WITH THE AGENDA SO THAT, THAT PEOPLE, THE PUBLIC CAN LISTEN TO THOSE.
UM, SO THAT IS DEFINITELY, UM, THINK THE WORST.
THAT WAS THE AGENDA, BUT WE WILL BE LINKING TO SOMETHING TO HAVE BOTH THE AGENDA AND THE AUDIO RECORDING.
ONE LAST THING I WANTED TO NOTE ON THIS WEBSITE IS THERE IS A, UM, LINK TO KEYNOTE.
WE SET A DEDICATED EMAIL BOND 2025 OR 2025 BOND, EXCUSE ME, 2025 BOND, UM, AT FAR ATX.GOV.
AND THAT IS FOR PUBLIC, OR IF YOU GUYS ARE TALKING TO PEOPLE AND THEY HAVE QUESTIONS, THEY SENDS AN EMAIL TO THAT EMAIL ADDRESS OR GO TO THE
AND WE HAVE A GROUP OF OF STAFF THAT IS MONITORING THAT EMAIL SO THAT WE CAN RESPOND BACK TO AND QUESTIONS, BRING QUESTIONS TO YOU GUYS IF NEEDED.
UM, SO WE WANTED TO MAKE SURE THAT WE HAD AN OPPORTUNITY FOR THE PUBLIC LEVEL WEIGH IN IF THEY COULDN'T MAKE IT TO A, UM, THAT'S IT.
I WANTED TO SHOW YOU ALL THAT.
SO I WILL OPEN IT UP FOR QUESTIONS IF YOU HAVE ANY QUESTIONS ABOUT THE WEBSITE SPECIFIC CAN SEE THIS QUESTION
LIKE, SO THERE ARE SEVERAL WAYS TO GET TO THE WE AVAILABLE MEETING AGENDAS ARE AVAILABLE IN
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THE CITY VIDEO PAGE, BUT WE WANTED TO MAKE IT SUPER EASY AND PUT IT ALL IN IN ONE PLACE.AND SO WE ARE JUST CREATING A LINK TO THOSE OTHER PAGES ON.
OKAY, SO IT'S IN BOTH PLACES? YES.
CAN I PUT THAT EMAIL ADDRESS FROM YES, IT IS 1 25 BOND AT BARLAND, TX.
DO UP ANY OTHER QUESTIONS? HOW DO I GET FOR THAT? WHERE, YES, I, YOU KNOW WHAT, WHEN I SIT BACK DOWN, I WILL FIX THAT FOR YOU BECAUSE I HAVE MY LAPTOP AND I CAN, THAT I'LL TAKE YOUR TIME UP HERE WITH DOING IT, BUT I'LL FIX UP WHEN THERE.
UM, YOU'RE HELPING TO WELCOME YES, THERE.
SO WHEN YOU GO TO THIS CITY VIDEOS PAGE, I DON'T KNOW IF IT, I'M GONNA GIVE YOU ON LIKE THAT, YOU KNOW, JUST ABOUT, UM, ANY KIND OF PUBLIC MEETINGS IN GENERAL.
IF YOU CLICK ON THE CITY COUNCIL, OTHER PUBLIC MEETINGS HERE, YOU CAN SEE THIS VIDEO AND AGENDA OVER TO THE SIDE.
SO LIKE, IF WE WERE TO GO TO A CITY COUNCIL MEETING, YOU CAN CLICK ON THIS AND IT WILL HAVE THE VIDEO PLAYING HERE AND THEN YOUR AGENDA TO THE, TO THE RIGHT.
AND SO THAT'S WHAT WE WILL BE LINKING TO.
ONCE WE HAVE THOSE AUDIO RECORDINGS, WE'LL BE LINK TO A PAGE LIKE THIS.
NOW, NOT SURE IF THE DOWNLOAD AVAILABLE, LIKE IF YOU'RE ABLE TO DOWNLOAD, YOU CAN SHARE A VIDEO, YOU CAN DOWNLOAD THERE.
SO YES, THAT WILL BE, YOU'LL BE ABLE THAT.
I AM SPOKEN TO, I ACTUALLY HAVE THE NEXT, UM, PART AS WELL.
THESE ARE, UM, QUESTIONS THAT WERE PRESENTED AT OUR LAST MEETING.
UM, I HAVE ONE AND THEN, UM, UH, AND THEN
SO ONE OF THE QUESTIONS THAT WAS ASKED WAS, HOW ARE RESPONDENTS TO THE NATIONAL COMMUNITY SURVEY WROTE DOWN BY COUNCIL DISTRICT? AND SO I HAVE THAT INFORMATION ON THE SCREEN FOR YOU.
UM, I WANTED TO POINT OUT, IF Y'ALL REMEMBER FROM LAST TIME, OUR RESPONDENTS, WHETHER IT WAS AGE OR DEMOGRAPHICS, THEY WERE WEIGHTED BASED OFF OF OUR CENSUS DATA.
SO THEY WEIGHTED THE COUNCIL DISTRICT PARTICIPATION AS WELL.
SO THAT'S WHAT UNWEIGHTED AND WEIGHTED MEANS, THAT FOR OUR RANDOM SAMPLE, WHICH WAS THE 463 RESPONDENTS, UM, 18% OF THEM WERE IN DISTRICT ONE, 11%, YOU KNOW, ALL THE WAY DOWN.
BUT THEN WHEN WE ACTUALLY WEIGHTED THEM TO, SO HOW THEY, YOU KNOW, REVIEW IN THE BENCHMARKING DATA THAT'S THAT WEIGHTED TO THE RIGHT AND THEN OUR OPEN CIRCUIT INFORMATION WITH THE 1,193 PARTICIPANTS AND THAT'S HOW THEY BREAK DOWN
ANOTHER QUESTION THAT, UM, Y'ALL HAD WAS AN AI WAS USED, UM, TO DO ANY OF THESE DATA ANALYSIS.
SO I CONTACTED POCO AND, AND VERIFIED WITH THEM NO AI WAS USED.
THEY HAVE THEIR INCOME STAFF THAT DOES ALL THE
SO, UH, DIFFERENCE BETWEEN WEIGHT AGAINST, THE DIFFERENCE BETWEEN THESE ACTUALLY THE NUMBER OF RESIDENT IN THAT, RIGHT? NO.
SO THESE ARE, SO OUT OF 463 PARTICIPANTS, 18%, 18% OF THOSE THAT RESPONDED LIVED IN DISTRICT ONE, BUT THEN THEY'RE WEIGHTED TOTAL WHEN THEY ACTUALLY, UM, GAVE YOU THE PERCENTAGES OF LIKE THIS QUESTION SCORE TO 46%.
BUT THEY WERE WA THEM BY THESE RESPONSES.
THEY ONLY FOR 14% OF THAT, THAT THOSE, YOU KNOW, PEOPLE IN SAID 46, YOU KNOW, THE PRINCIPAL.
OKAY, SO OUR COUNCIL, AND THIS IS SUPPOSED TO HEAR THE
OTHER QUESTIONS ABOUT THIS INFORMATION? NO,
SO WHICH OF THE TWO, WHICH OF THE TWO, UH, REALLY THE MOST RESPONSES?
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SO WHEN WE DEALT WITH THE BENCHMARKING, YOU'LL REMEMBER THE LAST TIME I SAID THE BENCHMARKING, THEY USED THE RANDOM SAMPLE FOR THE BENCHMARKING, BUT WE DID GO GET ALL OF THE RESULTS FROM THIS.AND IF 46% WAS LOWER OR HIGHER THAN THE BENCHMARK AND THIS PAYMENT AT 48, YOU KNEW THAT THAT WOULD BE LOWER TWO OR HIGHER OR WHATNOT.
SO, UM, AS FAR AS THE ONE THAT WAS USED FOR BENCHMARKING, THEY USED THE RANDOM, BUT I DID ALSO, UM, WANNA BRING BACK UP BECAUSE I KNEW WE WERE TALKING ABOUT, UM, CONFIDENCE LEVEL MARCH AND ERROR, THOSE TYPES OF THINGS.
AND UH, POCO IN THEIR SURVEY ANALYSIS, UM, THEY, THEY LIST OUT WHAT THAT IS.
SO I WANTED TO KIND OF BRING THAT BACK TO YOU GUYS AS WELL AND READ THAT.
IT SAYS THAT, UM, A TRADITIONAL LEVEL OF CONFIDENCE, UM, AND THE ONE THAT THEY USE IS 95%, UM, AND CONFIDENCE INTERVAL OF 95% CAN BE ANY.
UM, IT QUANTIFIES THE SAMPLING ERROR OR IN PRECISION OF THE SURVEY RESULT BECAUSE SOME RESIDENTS OPINIONS ARE RELIED ON TO ESTIMATE ALL
SO THAT IT'S THERE STANDARD YOUR CONFIDENCE LEVEL 5% RATE 5%, YES.
BUT THE 463 AND 1193 ALL BECAUSE THE, THESE ARE, THIS IS SENSE DATA.
SO THAT'S WHAT THEY'RE USING OFFICE CENSUS DATA.
SO WHAT THEY'RE SAYING YES, IS THAT FINANCIAL, THE, THE UNWEIGHTED OR THE ACTUAL SURVEY.
SO 16% OF OUR 1,193 RESPONSES LIVE IN DISTRICT ONE.
BUT WHEN THEY WERE FACTOR IN HOW MUCH EACH PERSON'S RESPONSE WEIGHED IN, THEY ONLY WEIGHED THEM IN AT 14% BECAUSE THEY DIDN'T WANT THESE PEOPLE HAVING MORE WEIGHT, BEING LESS REPRESENTATIVE OF AN OVERALL POPULATION.
AND ONE THE OTHERS I GIVE SAME WEIGHT YOU A BIGGER HERE FOR EXACTLY THE SAME BECAUSE THEY SHOULD BE WELL TO ME BECAUSE THERE IT IS STILL THE SAME POPULATION THAT WE'RE, WHETHER THE 463 WAS JUST THE RE THE RESPONDENTS WHO ACTUALLY RESPONDED, BUT OUR POPULATION IS STILL THE SAME.
WE STILL HOLD THE SAME POPULATION OF GARLAND.
YOU KNOW, GARLANDS IS OUR POPULATION AND SO OUR WEIGHT IS NUMBERS ARE THE SAME WHETHER YOU ACTUALLY RESPONDED IN OPEN PARTICIPATION OR YOU RESPONDED.
THE OTHER EXAMPLE, WE'RE STILL TRYING TO MATCH INTO THE OVERALL REPRESENTATION OF GARLAND.
AND SO THAT'S WHY WE WAITED NUMBERS FIRST.
THEY WANT YOUR RESPONSES TO MATCH 14% EITHER WAY THAT
SO WOULD YOU ADD ALSO WAY THAT SHOULD ADD
I THINK THIS IS MY NEW SLIDE FOR TONIGHT.
UH, KATIE
UM, SO ESSENTIALLY WHAT YOU'RE LOOKING AT RIGHT HERE FOR THE CITY, UH, WENT TO SAY HARBOR POINT.
UM, WHAT YOU'LL SEE IN THIS, IN THIS AREA, THIS WHAT CALL THE TAPE AREA THAT, THAT'S ESSENTIALLY THE FLOOD PLAIN IS
WE HAVE WHAT'S IN CHARLOTTE LOCAL AGREEMENT.
WE ADMINISTER WHAT GOES ON IN THAT AREA ACCORDING TO THEIR RULES IN ARE VERY SIMILAR,
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BUT IF NOT, I ON THE TOP BECAUSE, SO YOU'LL SEE THIS ENTIRE AREA.SO ESSENTIALLY GOT UM, TOTAL TAKE AREAS ABOUT 2 30, 2 ACRES, ABOUT A LITTLE OVER 10 MILES OF TORE LINES.
THAT'S THIS AREA HERE, THAT'S PARKING LOT FAST ROAD.
WE ACTUALLY ALSO BROWN UNDER FAST ROAD AND THE
UM, WE GOT
WE GOT NEW JOYCE PARK SOMEWHERE UP HERE.
UM, BUT THOSE OF YOU THAT ARE FAMILIAR WITH OUR, UM, PARKING RIGHT ON THAT PLAN, WE'LL SEE A VERY SEGMENT OF TRAIL
MAP SCALE IN HERE ARE THE LITTLE PARSES THROUGH HERE.
CERTAIN HOMES UNDER CERTAIN AREAS WITH
UM, SO THAT'S A LITTLE BIT PROBLEMATIC WITH COMFORT OF THE TRAIL IN THERE, BUT IT NOT, WE DO HAVE SECTIONS THAT VERY EASILY, UH, CONSIDERING PLANNING INITIATIVES ON SPEECH ON THE FIRST SIGNING.
UH, DID YOU DO SAY WE'RE GOING TO PUT A TRAIL, IT'S ON OUR MASTER PLAN.
SO ALL OF OUR MASTER PLANS, THAT'S A FUTURE WISHLIST THAT COMES WITH $5 MILLION.
AND SO THAT'S WHERE THESE FUNDING INITIATIVES COME FROM.
NOW AGAIN, THE, THE, THE TRAILS ARE NOT NECESSARILY INTENDED TO BE PART OF THE SECOND MONTH DEVELOPMENT PACKAGE, UH, BASED ON THE CRITERIA THAT WE'VE TALKED ABOUT.
UM, BUT UM, I CAN SAY THAT IF IT'S PART OF THE, LET'S SAY IT'S PART OF THIS LARGER DEVELOPMENT, WE THINK THIS IS AN ENORMOUS OPPORTUNITY.
I I CAN'T IMAGINE THAT WHATEVER VEHICLE PARTNER WOULD DEVELOPER ON NOT INCLUDE SOME TYPE OF AL SECTION IN THERE, GET, WHETHER IT'S WELD UNIT MULTIFAMILY WHERE THERE'S A DESTINATION, WHATEVER IT IS, CAN'T IMAGINE THERE NOT BEING SOME COMPONENT.
NOW WHETHER THE CITY PAYS FOR THAT OR THE DEVELOPER PAYS FOR THAT, THAT'S ALL THAT FOR NEGOTIATION BASED ON, YOU KNOW, WHO DEPARTMENT IS AT THAT POINT.
BUT GENERALLY IN THOSE SITUATIONS WE TRY NOT TO PAY ALL THE OFF.
IF YOU'RE PRIVATE PERSON THAT DID THIS AND THAT SHARE SOME
AND SO WE OWN 5.5 ACRES, CORRECT? THAT'S CORRECT.
IT'S JUST LITTLE BLUEBERRY THAT YOU'LL SEE IN THESE PUZZLE RIGHT HERE AND NOW THAT I AGREE.
AND SO IS THAT, THAT'S GOING THROUGH IT OVER IT, HOW WOULD IT, IS IT, IS THAT A OVERPASS RIGHT THERE OR NO, THIS IS JUST, THIS IS A, A DECAB PARCEL MAP.
AND SO PUBLIC PROPERTY LIKE THAT DOESN'T SHOW UP FOR RIGHT AWAY.
TEXT ITEMS. THIS IS IN TT A FOR THE
UM, MY QUESTION, YOU MENTIONED
I CAN'T REMEMBER EXACTLY WHERE IT'S AT.
I WANNA SAY IT'S RIGHT HERE SOMEWHERE, RIGHT? UH, RIGHT HERE.
UM, THERE'S A PART OF IT THAT'S IN THE INTAKE AREA.
I THINK THERE A CERTAIN AMOUNT, IT'S OUT
UM, BUT EITHER WAY WE, WE HAVE A RECALL, WE'VE GOT A PLAN REPORT.
SO SINCE, SINCE YOU THAT'S RIGHT, INTER WE CAN DEVELOP IT.
UM, OTHER PEOPLE THEIR PERMISSION.
SO
BUT THERE ARE JUST CERTAIN THINGS, CERTAIN ACTIVITY THAT THEY DON'T WANT IN THE DRINKING.
WATER EROSION IS A BIG DEAL TO 'EM.
SO EROSION CONTROL, YOU MIGHT, IF YOU PUT SOMETHING HERE, YOU MIGHT BE REQUIRED TO PUT IN A RETAINING WALL.
UM, THEY ALLOW BOAT RAMPS, I MEAN, I'M SORRY, BOAT DOCKS AND BOAT HOUSES UP TO A CERTAIN, UH, MENTIONED.
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RULES IN ORDER TO DO THAT.LIKE FOR EXAMPLE, JOHN PAUL JONES WORKING ON THAT.
UM, BUT THE HOTEL HAVE TO HAVE AM SAUCE PROPERTIES.
THEY HAVE TO GET PERMISSION AND APPROVAL FROM US AS WELL AS CITY, THE DALLAS
UM, I'D SEE AT THE TOP OF THE MAP THERE'S AN AREA WHERE THE PURPLE LINE CITY LIMITS AND APPEARS TO BE INSIDE THE SMALL LAND UP HERE.
WHAT, SO IS THAT JUST ABOVE, JUST ABOVE THAT? I'M SORRY.
THE THING IS WATER RIGHT THERE.
UM, I'M CONFUSED BY WHO OWNS THAT AND WHAT NOT.
SEEING THE AERIAL ON THERE, I CAN'T REMEMBER.
I, THERE IS AN AWFUL LOT OF WEAPONS UP THERE.
UM, IT, IT IS IN, I THINK IT WOULD, IT WOULD BE INCONSEQUENTIAL BECAUSE AGAIN, IT CAN'T DO ANYTHING WITH, IT'S ALL HEAVY, HEAVY.
SO LIKE FOR EXAMPLE, THIS IS THE OLD, UM, MISSION MILL, THE OLD GOLF COURSE AND ALL THAT.
SO THIS IS BAY AREA COMES ALL THE WAY UP TO HERE.
UM, THE CITY LIMITS GENERALLY PART OF THE ISSUE IS THE CITY LIMITS GENERALLY, BUT I KNOW WHAT IT IS, BUT IT'S
AND SO SOMETIMES YOU'RE ALLOWED TO RELA BACK TO THAT ORIGINAL PONCHO LINE, UM, FILL IT BACK INTO THIS ATION.
BUT YEAH, SOMETIMES CITY LIMITS AND GAS SHORELINE DON'T MATCH THANK CLARIFICATION
BUT WHAT, WHAT IS THE, SO BACK WHEN THAT WAS ALL FARMLAND AND HAVING HOMES AND FARMS IN IT, UM, THAT TERM GENERALLY WILL COME FROM NT DOMAIN.
SO WHEN, WHEN, UH, THE CITY OF DALLAS TOOK THE LAND, THAT WAS THE TAKE AREA, THEY HAD TO HAVE SOME CRITERIA.
SO WHEN THEY DESIGNED HYDROLOGIC CAPACITY AND PERFORMANCE, THE
SO THEY WANTED TO ONLY CONTROL THE FLOOD PLANE.
UM, NO ONE COULD ABOVE THE DAM LEVEL AND COULD HANDLE A CERTAIN AMOUNT OF FLOOD WANDERERS.
SO THAT TAKE AREA MEANS THAT THEY TOOK PROPERTY UP OF THAT INTERCHANGE.
WE TAKE YOUR INTAKE LINE OR INTERCHANGE WITH RYAN ITSELF, LITERALLY 4 35 AND HALF FOOT JUST JUST WILL.
SO THAT TAKEAWAY, IT NEVER CHANGED AND IT DOESN'T MEANDER WITH THE WATER.
AND I REALIZE IT WOULDN'T BE THAT, BUT COMING INWARD IT WOULD NEVER CHANGE BY EROSION.
UH, BUT AGAIN, IF, LET'S SAY THERE'S PLACES THAT HAVE ERODED 50 FEET, LIKE FOR EXAMPLE, IF YOU GO TO JOHN PAUL JONES, MAYBE YOU HAVE A PROJECT THERE.
PARKING
WE HAVE TO MOVE TALLER FAST INTO THE PARKING LOT OR HERE WE'RE ALLOWED TO BUILD BACK AND RECLAIM IT.
SO WE COULD PUT OUR SHEET PILING WALL AT THAT LINE, GETTING THAT LAND BACK.
AND ANYONE ELSE
YEAH, SO IT'S A GOOD DISTINCTION.
SO LIKE I SAID, I, YOU KNOW, I WOULDN'T, THESE LONG TRAIL PROJECTS ARE QUITE EXPENSIVE.
UM, UH, WHAT I, WHAT I COULD OVERSEE IS THAT AGAIN, WORKING WITH A PARTNER, UM, WE MAYBE THAT THERE WOULD BE SOME TYPE OF, MAYBE IT'S A
IT WOULD BE PART OF MAYBE A TOTAL DEVELOPMENT PACKAGE.
BUT I WOULDN'T SEE THAT A STANDALONE PROJECT STAY.
THIS PARTICULAR PROJECT ALSO FIRST
SOME WHAT I WOULD LIKE TO SEE PROPERTIES,
AND SO, AND THAT'S, AND THEY'RE EVERYWHERE.
UM, AND I DON'T KNOW IF YOU'VE GOT PART OF THAT OR NOT, BUT WE DO HAVE PARCELS AND THERE'S, THERE'S LITTLE TINY PIECES EVERYWHERE.
THERE'S NOT A LOT OF REALLY BIG PARCELS ANYWHERE.
BUT, UM, I THINK IT'S ONE OF THE FUTURE EXERCISES.
[00:45:01]
WE'VE LOOKED AT THAT NOT ONLY, NOT ONLY DO WE LOOK AT GOVERNMENT PLAN NOW WE DON'T HAVE A WHOLE LOT OF INFLUENCE OVER THE SCHOOL AND THEY'VE GOT VERY SPECIFIC RULES POLICY, BUT HOW THEY DISPOSE LAND GREATER.UM, IT'S DIFFICULT TO, WE CAN SWAP WITH THEM, BUT WE CAN'T JUST SELL, THEY HAVE A PROCESS, OXYGEN PROCESS,
SO WE MAY HAVE SOME, SOME CITY OWNED PROPERTIES OR DOWNTOWN PROPERTIES, PROBABLY TWO SIDES ABOUT THE POTENTIAL OF 'EM BECAUSE OF SO MANY, THE SPRINGS ATTACHED BECAUSE THEY'RE GONNA BE FLOOD PLAIN.
BUT WE ALSO LIKE TO STUDY JUST OPEN, YOU KNOW, WE'VE GOT ABOUT WHAT 1800 ACRES OF HOLDING LAND.
UM, A LOT OF THAT'S FLOOD PLAIN.
SO A LOT OF LAND PEOPLE OWN INSIDE DRIVE IT'S GRASS PACKS.
WE LIKE SOME AND SEE MORE PRODUCTIVE.
HER DEPARTMENT DOES THAT ON A REGULAR BASIS.
BUT YEAH, I THINK YOU PROBABLY DIRECTOR OF ECONOMIC DEVELOPMENT.
SO REALLY QUICK FEW QUESTIONS.
AND LAST WEEK, WHICH PROPERTY DEVELOPABLE REDEVELOP? SO THAT'S THE REALLY QUICKLY.
SO I MENTIONED, UH, IT IS A HUNDRED POINT AREA.
THEY, THE TRO ABOUT FIVE ACRES,
SO THIS POTENTIALLY DEVELOP, UM, THE CURRENT AGREEMENT WITH THE DEVELOPER GONNA BE FIRED IN SEVERAL YEARS.
SO, UM, THAT'S REALLY BIG OPPORTUNITY FOR US.
I 30 IN ROSE HILL, I BELIEVE THIS 17 ACRES COMPANY DID ACQUIRE 18, 20 18 AND 2019 I WEEK WE HAVE 17 EXERCISE.
WE WENT THROUGH US REQUEST FOR PROPOSAL, UH, RP PROFIT FOR THE HOSPITALITY, SOME RETAIL, THE, UH, WE FOUND SOME PROPOSALS IN
UM, WE GONNA BE KIND WAITING, FOCUSING AREA, PROBABLY NOW
BUT NOW DEFINITELY JUST DEVELOP OPPORTUNITY INSIDE.
I PUT ALL THE BIG MAP, BUT THAT'S REALLY HARD TO SEE.
SO I, BUT THIS IS ANOTHER PLACE THAT WE DID
UNDER THIS WE APPLIED
AND THERE IS THE, UH, SQUARE WE HAVE VERY, VERY SMALL, BUT WE HAVE SEVERAL PROPERTIES.
UH, LIKE I MENTIONED LAST WEEK, THIS AREA WE HAD AN ISSUE R OF THE EARLY NEXT WEEK OF SECOND WEEK OF SEPTEMBER OR CENTRAL TIME TO MEET, UH,
THE TEACHER IS WORKING ON THE, UH, RQ UM, HOPEFULLY SOON WE CAN ISSUE THAT.
WE CAN FIND A REALLY DO SOMETHING VERY EXCITING TIES IN DOWNTOWN FIRST AVENUE, AVENUE B AS IN TRIANGLE AREA.
SO AGAIN, THIS IS THE FIRST STREET.
THIS IS UM, EAST, THIS IS, WE CALL A TRIANGLE.
THIS IS THE NEW FIRE STATION ONE COMING.
WELL WE KIND OF START ACQUIRING THIS UH, AREA, SO HOPEFULLY WE CAN GO FROM HERE TO ALL THE WAY, BUT DEFINITELY THERE'S SOME ACTIVE BUSINESSES GOING.
SO IT IS REALLY SMALL PIECES, BUT VERY EXPENSIVE.
BUT ANYWAY, SO WE'RE KIND OF WORKING ON IT NOW HERE.
UM,
THIS IS OVER 3000 SQUARE FEET INDUSTRIAL AREA.
[00:50:01]
WE ACQUIRED LAST YEAR AND RECENTLY WE CLOSED ANOTHER THOUSAND NEXT TO IT.SO WE ARE ACTIVELY DISCUSSING WITH THE, UH, DEVELOPER TO DEVELOP HERE FOR THE
DID WE
WE ALSO HAVE A SEPARATE ENTITY, UM, THAT'S A NONPROFIT, UH, UH,
SO WHEN YOU HAVE A, A FOUNDATION FOR DEVELOPMENT WITH THAT WE CAN DO CERTAIN THINGS THE CITY CAN'T DO AND VICE VERSA.
SO THERE'S A, A DYNAMIC THERE.
UH, UTILIZE FOR BANKING LAND, FOR FUTURE DEVELOPMENT, UM, BOARD DIRECTORS, WHICH ALSO THE SAME MAKE UP THAT THE CITY COUNCIL, TWO, TWO DIFFERENT LEGAL, THE PROPERTY THAT USED TO
UH, I DON'T KNOW IF THAT IF IT HISTORICALLY WE EVER EASTERN HILL.
I DON'T WE EVER LOOKED BEHIND THAT.
THAT WAS PROBABLY MOVED OUT OUR, OUR PRICE RANGE.
THAT NEEDS TO BE, IF THERE IS A DEVELOPER, UH, THERE'S LOOKING AT
SO IT WAS JUST DUE TO THE VERY LARGE AND VERY EXPENSIVE CORRECT PROPERTY? CORRECT.
IT WOULD LIKELY BE RESIDENTIAL.
WE ASSOCIATION FROM STANDPOINT COURT, A WHOLE LOT OF OTHER THINGS.
IF WE COULD OFFER TAKE DEPARTMENT DIFFERENT DIFFERENT TYPE OF HOUSING, IT'S VERY ARY.
GO BACK TO, I WANNA MAKE SURE I HAVE THIS CORRECT.
WE HAVE SEE DIFFERENCE TO BILLBOARD THIS PARKING FROM THIS
THANK YOU FOR CLARIFYING THE OTHER SIDE.
THE OTHER SLIDE SAID FIVE AND HALF, RIGHT? THIS ONE.
ARE WE CONSIDERED
THIS ON THE LITTLE TRIP, GET ON THE DIRT IF NOT THE LAND.
AND THERE'S SOME SPRINGS ATTACHED WITH THE THREE PART AGREEMENT HERE.
THEY HAVE
IT ALSO CONVERSATION ABOUT THAT TYPE OF DEVELOPMENT.
THIS IS A THING YOU'LL SEE ALL OVER TOWN, UH, PARKING PARTY, BUT THEY DO USE SOME BE OF AGREEMENT FOR BOTH STORAGE DISPLAY.
A LITTLE BIT OF A CHALLENGE, BUT I CAN'T IMAGINE THAT SOMEBODY WITH A BIG VISION AND DEEP POCKETS COULD NOT TAKE ADVANTAGE OF SOMETHING HERE AND NOT LOSE SPARK, UNDERSTAND
SO DEPENDING ON THE SITUATION, THERE ARE CERTAIN CASES WHERE IT MAKES CITY OWNER, MATT MIGHT BE ABLE TO TALK A LITTLE BIT BETTER ABOUT IT.
THEN THERE'S TIMES WHERE IT MAKES SENSE FOR THE FOUNDATION TO, SO HOW THAT TRANSACTION WORKS, A MATTER OF DECISION MAKING BETWEEN THE TWO BODIES TO EXCHANGE LAND.
BUT IT DOES GIVE US SOME ABILITY THAT THE CITY CAN'T DO.
THEREFORE MOST CITIES HAVE SOME TYPE OF PRODUCT FOUNDATION FOR
[00:55:03]
SEPARATE ENTITIES.THERE ARE TWO ENTITIES, THEY'RE TWO COMPLETELY DIFFERENT ORGANIZATIONS.
UM, CITY HAS NO AUTHORITY, FOUNDATION DOES NOT.
UM, IS THERE ANYTHING YOU WANNA ADD TO THE
SO WHAT THEY WE DO IS THERE'S LESS, FROM A LEGAL PERSPECTIVE, THERE'S LESS RISK FOR THE FOUNDATION WHEN WE THE CITY.
SO WE TRANSFER AND INDEED OR WE TRANSFER THE MONEY OVER FOUNDATION TO PASSION TO BUY IT.
IT'S IN THEIR NAME, BUT AT THAT TIME IT'S JUST EASIER TO TRANSFER OUT FOUNDATION TO DEVELOPER AT THAT TIME.
CITY OWNED LAND IS TYPICALLY FOR CITY PURPOSE.
SO YOU'RE BUILDING A LANDFILL OR YOU'RE BUILDING A NEW REGISTER.
THIS IS SPECIFICALLY ALL JUST FOR HOLDING LAND
YEAH, BUT TIP MAKES MONEY, FOUNDATION MAKES MONEY, BUT IT IS A
THAT WOULD BE A SUBSIDIARY IN THE PRIVATE SECTOR SUBSIDIARY OF A MAJOR CORPORATION.
UH, I CAN WE GO BACK TO THE I THREE AND
SO THERE'S NOTHING REALLY COMING THERE IF THERE'S NOTHING BEING DEVELOPED THERE RIGHT NOW DURING THE SEVENTH, UM, MY
IN MY PRESENTATION I'LL COVER TWO OF THE OPPORTUNITIES THAT ARE HAPPENING IN THAT AREA.
BUT WE DO HAVE LIKE THE 1, 2, 3
WE HAVE SOME TOWN HOME DEVELOPMENT THAT IS, UH, EMERGING ON BOB TOWN.
WE HAVE MULTIFAMILY THAT'S ALSO EMERGING, UM, ALONG WHAT IS CALLED
IT WILL BE BUILT AS A PART OF A MULTIFAMILY, UH, DEVELOPMENT PROJECT AS WELL.
BUT THIS, THEY HAS NO BUILDING, RIGHT? THEY ARE, UH, THROUGH THE DEVELOPMENT PROCESS FOR MULTIFAMILY OWNED PROPERTY THAT
OKAY, SO THIS WAS INTENDED, SO THERE WAS A CONCEPT PLAN DRAWN TO THIS WHOLE AREA THAT THIS WAS INTENDED TO NOT NECESSARILY BE RESIDENTIAL.
THIS WOULD'VE BE MORE RETAIL TYPE THINGS THAT COULD, WHATEVER COULD BE A LOT OF THINGS, BUT IT WAS MEANT TO COMPLIMENT THE ROOFTOPS THAT ARE IN HERE WHERE NAME THE SERVICES RETAIL RESTAURANT.
IT WOULD BE A LOT OF THINGS, BUT THAT'S HOW THIS OLD SMALL AREAS THAT YOU CAN CALL PIECE TOGETHER.
FIVE SPEAKING THE SAME PROJECT.
I THOUGHT IT WAS ROSE HILL HERE PAGE.
I'M GONNA FOCUS ON GOING HERE.
AND JOE, UH, JUST CLARIFY MY QUESTION.
UH, SO THE TAKE AREA IS SOMETHING THAT CAN'T NECESSARILY BOND BY, WE COULD DO SOMETHING BUT THE, UH, THE ASCENT DALLAS COMMUNITY OR, OR FOLLOWING THEIR STANDARDS OR, YES.
SO THE, THE, THE LIMITATION IS, IS AGAIN, PRIMARILY DRIVEN BY THEIR, THEY'RE NOT AS RECREATION DRIVEN AS WE ARE FOR WATER QUALITY AND ROAD.
UM, SO BECAUSE IT'S FLOOD LANE, IT'S GOT LIMITATIONS ON WHICH YOU CAN FILL IT, FILL IT LANE TAKES AWAY WATER CAPACITY OUT THE LAKE.
THEY'VE GOT ADDITIONAL REQUIREMENTS.
SO WITH THOSE TAPE AREAS ALONG THE, THE LAKE BEST FOR PORTRAYALS AND PUBLIC ACCESS.
UM, SO LIKE ON THE OTHER SIDE, YOU KNOCK GOING, YOU GOT THE SEE THE SAFE BOAT RAMP, THE HARBOR, THAT'S ALL TAKEN CARE OF.
UM, THAT OUR AREA WAS APPROVED BY
[01:00:01]
THIS, BY THE CITY AND BY THE CITY OF DALLAS.GO TO KEITH, THEY'VE GOT CHERRY PARK AND BOTH DOWN THERE THINK WHAT ELSE? BUT, BUT THOSE ARE THE TYPES OF THINGS THAT THEY APPROVED IN.
SO JUST NO
THE, UH,
UM, I UNDERSTAND THE CONFLICT.
AL AREA IS ONE OF THE CATALYST AREAS.
SO THAT, SO YEAH, THAT'S GREAT DISTINCTION.
CATALYST THEORY IS SOMETHING THAT
THAT WOULD BE THINGS THAT WE COULD HELP INCENTIVIZE.
NOW IT MIGHT BE IN THE FUTURE, IT MIGHT BE LAND PURCHASE AND LAND ASSEMBLY OF THE CURRENTLY DON'T.
UM, IT MIGHT BE INCENTIVIZING, UM, A SOLID IMPROVEMENTS.
IT MIGHT BE, UM,
UH, DON, FOR ONE OF THE REASONS WE'RE PUSHING THE DEVELOPMENTS IS FOR TO GENERATE PETITION.
CAN WE INVITE THE DEVELOPER IN SAY NO CASES? A LOT OF CASES WE, UH, ALSO PARTICIPATE.
YOU GIVE ANTICIPATE CONSIST OF TERMS OF THE, THE MENTATION OF THE, IT VARIES.
UM, IT'S, IT'S ALL OVER THE PLACE IN, IN THE
BUT ESSENTIALLY WHAT WE DO IS, DEPENDING ON WHAT, WHAT THEIR MASK IS, UM, THOSE TYPES HAVE BEEN SAID AS, COULD BE A VARIETY OF THINGS.
COULD BE WAIVING DEVELOPMENT FEES.
IT COULD BE, UM, SOME TYPE OF, UH, REBATE OR ON THEIR TAXES, BUT IT IS ALL BASED ON SOME TYPE OF RETURN ON INVESTMENT FORMULA.
SO KO'S, UM, VERY STINGY ABOUT HER RETURN ON INVESTMENT.
WE LIKE TO RECOVER THOSE ON AVERAGE AROUND THREE OR FOUR YEARS.
TWO TO THREE YEARS, TWO TO 3 CENTS
SO, SO IT'S NOT AN OPENING CHECKBOOK.
IT BASICALLY MEANS THAT IT KIND OF HELPS THEM MAYBE GET A FIRST OR SECOND YEAR STARTUP LOSSES OR WHATEVER.
BUT THEN ONCE THAT EXPIRES, THEN THE VALUE BACK TO THE CITY IS, IS THEY'VE ADDED VALUE ON THAT LAND THAT DIDN'T EXIST BEFORE.
WHETHER IT'S BRAND NEW DEVELOPMENT OR INDUSTRIAL EXPANSION INCENTIVES HELP GET THEM OVER THE HUB.
THEY EXPIRED AND WE'RE CAPTURING CENTERS WHATEVER DEAL.
SO THEY'RE, THEY'RE ALL OVER THE MAP AND
LET'S KICK US OFF ON IC MATH WATSONS.
AND I'M THE GOVERNMENT MATH GUY,
AND I'M GONNA GO A LITTLE DEEPER INTO TONY'S QUESTION.
MR. TROY'S QUESTION REGARDING CASH INCENTIVES.
Y'ALL GO SANJI, I'M 20 TIMES MORE.
SO NOT A BIG FAN OF TAX DEBATE.
THAT TAX INCENTIVES, THAT'S ANOTHER STORY HANDLE OVER WHAT I'M GONNA PRESENT ON FIRST AND TURN IT OVER TO ANGELA.
LET'S TALK ABOUT OUR ARY
THERE'S A LOT OF ACRONYMS WE'RE THROWING OUT AND THE TRIBES WHO CONCISE PUT TOGETHER ALL, ALL THE OPTIONS WE HAVE TO FUND AN ECONOMIC DEVELOP.
SO WE'RE GONNA START WITH GOING OVER WHAT'S CALLED TAX AND CRIMINAL FINANCING.
WE'LL JUMP INTO THE CASH INCENTIVES AND REBATES THAT WE DO, AND THEN WE'LL GET INTO BOND FINANCE.
BUT WE HAVE REALLY THREE TYPES OF BONDS.
WE ISSUED THE GENERAL OBLIGATION BONDS WE CAN SPEND MOST OF THE TIME THERE BECAUSE THAT IS WHY WE'RE ALL HERE IN OUR OBLIGATION.
BONDS OBLIGATION BONDS, REVENUE BONDS WITHIN HOW, HOW WE AS THE STATE HAVE LOOKED TO STRATEGICALLY USE THESE BONDS TO START TAX INCREMENTAL FINANCING.
WE CURRENTLY HAVE THREE TIPS THAT THEY CALL, THEY'RE CALLED WITHIN THE CITY.
AND WHAT THIS IS IS JUST A FINANCING MECHANISM TO BE ABLE TO TAKE OUR TAX RATE AND TARGET IT TO SCENARIO.
[01:05:01]
WHAT HAPPENS IS THE CITY COUNCIL DRAWS BOUNDARIES AROUND A CERTAIN PART OF TOWN.AND ALL OF THOSE TAXES, THE INCREMENTAL GROWTH OF THOSE TAXES ARE TARGETED IN THOSE AREAS AND CAN ONLY BE USED FOR THOSE AREAS.
SO IT'S A METHOD TO HAVE A CITY PROJECT THAT IS GOING TO CAUSE INCREASED PROPERTY VALUES THAT'S GONNA THROW OFF OR TAX INCENTIVES THAT WILL START OVER AGAIN FOR ANOTHER CITY PROJECT.
SOMETIMES IT CAN JUST BE ONE BIG CITY PROJECT.
THAT LAND THAT WAS PURCHASED WAS PART OF 2004 BOND PACKAGE.
WHAT WE DID THERE IS ISSUE BONDS FOR THE 2004 BOND PACKAGE.
AND THEN THE TIP WAS TO SERVICE THAT DEBT OVER A LONG PERIOD OF TIME.
SO THERE WAS ONLY ONE PROJECT.
IT TAKES 20 YEARS TO GO DOWNTOWN.
IT'S A TOTALLY DIFFERENT SCENARIO.
WE DID NOT ISSUE ANY DEBT RELATED TO ANY OTHER IMPROVEMENT.
YOU SEE, IT WAS JUST AN INCREMENTAL DEAL.
A SMALL PROJECTS LIKE CITY HALL FACADE, THEY, A PORTION OF THAT SUPPORT INCREASED TAXES BECAUSE OF IT, IT BROUGHT IN THE APARTMENTS.
NOW WE HAVE MORE FUNDING FOR TO HELP SUPPORT THE DOWNTOWN SQUARE.
SO IT BECOMES LIKE A CIRCULAR MOTION.
UH, THINGS ARE POINT OUT ON TIPS.
THEY ARE, UH, UH, GOVERNMENT CHAPTER THREE 11 OF TEXAS PROPERTY CODE AND
YOU HAVE TO SHOW THAT THERE'S AN IMPAIRMENT.
THERE'S VACANT LAND, DILAPIDATED BUILDINGS.
THIS ISN'T SOMETHING YOU'RE JUST GOING GO PLOT ANYWHERE IN THE CITY CAPACITY OF ECONOMIC PURPOSE.
WE, WE DO NOT WANT TO LOOK AT SAN AREA TOWN WHERE DEVELOPERS ARE GOING TO COME ANYWAY.
ESPECIALLY IF ON GEORGE BUSH, THIS IS MINUTES OF SPARK DEVELOPMENT.
UH, AND AT AT THE BOTTOM THERE I PUT NO SINGLE FAMILY RESIDENCE.
TECHNICALLY YOU COULD HAVE SOME, THERE'S REALLY NO PURPOSE OF A TIFF WITH SINGLE FAMILY HOMES.
THIS IS ALL ABOUT DRIVING THE MULTI-FAMILY COMMERCIAL DEVELOPMENTS.
THERE ARE TEMP BOARDS WHO ARE ALSO ELECTED BY CITY COUNCIL, WHO ARE NOT CITY COUNCIL, BUT THIS IS DIFFERENT THAN THE FOUNDATION.
THERE ARE NINE MEMBERS TO EACH ONE OF OUR BOARDS.
SOME OF, UH, OF THE MEMBERS OF THE SPA COUNCIL OR MEMBERS OF OUR TIP THREE BOARD AND THIS BOARD'S PRIMARY JOBS TO MAKE RECOMMENDATIONS BACK TO CITY COUNCIL ON WHAT'S CALLED THE FINDINGS AND PROJECT.
WHAT THIS IS, IS BASICALLY ALL THE PROJECTS THAT THAT COMMITTEE HAS COME UP WITH AND DECIDED THIS ISN'T THE PROJECTS THAT WE THINK ARE VIABLE BASED OFF OF ANALYSIS FROM STAFF TO BE COMPLETED.
THOSE ARE THE ONLY THINGS WE CAN DO WITH THIS MONEY.
TYPICALLY, THESE LAST ABOUT 20 TO 30 YEARS, YOU DRAW THE BOUNDARIES, THIS STARTS OCCURRING AND AFTER 20 YEARS IT STOPS AND IT JUST STARTS GOING BACK TO, UH, THE CITY AS IN THAT REVENUE.
IT'S NOT HELD JUST FOR THAT SPECIFIC SECRETARY MATT, TEXAS BOARD.
UH, WE'VE GOT THREE TIPS ALREADY.
HOW OLD ARE THOSE? I'VE GOT A SLIDE COMING SAYING EVERYONE GETS BACK UP RUNNING.
UH, BASICALLY ONE'S 2004, WHICH DOWNTOWN, IT'S OUR FIRST TIP DOWNTOWN FORCE TROOPER.
SECOND ONE IS ON THE I 30 ORDER WAS CREATED IN 2005 AND THE THIRD ONE WAS CREATED IN 2018 FOR THE MEDICAL DISTRICT.
AND IT WAS JUST RECENTLY EXPANDED.
AND I'LL GET INTO THAT HERE IN JUST A LITTLE BIT.
SO ON THIS SLIDE, THIS BASICALLY SHOWS HOW THE FINDING MECHANISM HAPPENS FOR IT, UNLESS THERE WE DRAW THE BOUNDARY AND THEN ANY THAT TIMEFRAME THAT ARE ARE, ARE GONNA BE DEDICATED OR ING BACK AGAINST
THAT, THAT NOW, RIGHT, SO THIS IS, WE EXPLAIN IT WITH THIS CHART.
SO JUST TAKE THE DOWNTOWN SALE FOR EXAMPLE, IN 2004, IT WAS CREATED AT THAT TIME.
THE, THE PROPERTY VALUES, WHAT WE CALL THE BASELINE, ARE FROZEN TO THE CITY.
AND ANY AC INCREMENTAL GROWTH AND PROPERTY VALUES FLOW INTO A
[01:10:01]
THOSE PROCEEDS CAN ONLY BE USED FOR PROJECTS WITHIN THE GEOGRAPHIC BOUNDARIES THAT ARE DRAWN.BUT IT'S, AND IF ONLY THE TAXES IN THE GEOGRAPHIC BOUNDARIES.
OUR CITY, IF YOU DRAW THE BOUNDARIES, SO FOR INSTANCE, DOWNTOWN FOREST, JUPITER, WHATEVER THOSE PROPERTIES WERE IN 2004, IT'S FROZEN TO THE CITY.
THE GROWTH THAT OCCURS OVER THAT 20 YEAR PERIOD IN AN UNBOUND AGREEMENT SET ASIDE FOR SPECIFIC PROJECTS WITHIN THAT SAME
THE ASSUMPTION THAT THERE IS GONNA BE, THERE'S, WE ARE GONNA GET INTO THAT.
THERE'S SUBSTANTIAL RISK TIPS NEED TO BE CONSERVATIVE AND WE'LL GET ALL, WE'VE GOT SLIDE TALKING ABOUT, UH, HOW, WHAT, HOW WE USE SITS TO KIND OF BEST PRACTICES.
JUST KIND OF A SUPPORT MECHANISM OR ECONOMIC THOUGHT.
IT CAN, THERE'S THIS HORROR STORY IF YOU JUST GOOGLE TIPS OR HORROR STORIES OUT THERE ABOUT TRYING TO TAKE TOO MUCH ON THE TIP.
THE BOTTOM LINE IS THIS IS BASED OFF A PROJECTION.
IF I DID, I WOULDN'T BE UP HERE
BUT ANYWAY, THAT'S THE BIG RISK IS FACE OFF PROJECTION.
SO ISSUING THAT UP FRONT, THE HOPE OF OF OCCURRING TYPICALLY NOT THE ELECTED, UM, ON THE SLIDE SINCE CITY COUNCIL MAY AMEN.
BEYOND THE TERMINATION DATE, UH, IS THAT DONE BY A VOTE? AND IF SO, WHAT KIND THAT REQUIRE? MAJORITY VOTE AND THEN
YOU HAVE, AND WE JUST DID WANT, WE JUST DID ONE FOR DOWNTOWN, SO IT SET TO EXPIRE IN 2024.
THERE'S A PUBLIC HEARING NOTICES WENT OUT AND THEN FROM THERE MAJORITY VOTE.
YOU GET THEY, THEY GET THE VOTES FIRST IT HAS TO GO THROUGH THE TIP BOARD RECOMMENDATIONS, A RECOMMENDATION FROM TIP BOARD TO COUNCIL PUBLIC HEARING VOTE.
AND THEN YOU CAN SEND QUESTION SIMON, WE HAVEN'T SAID THE OF THIS IS WHEN YOU DEVELOP AN AREA THAT WHEN SALES, RETAIL SALES AND
THAT'S WHY IN COMMERCIAL SPACE, IT'S NOT THAT YOU CAN'T PUT BACK BUT THE INCENTIVES YOU ACTUALLY CONSTANTLY SET THAT SELL THE TAX.
IF WE DON'T DO THAT, THAT'S PURE
BUT HERE'S A LOOK AT OUR SIMPSON BRIGHT COLORS.
UH, THE, UH, THAT'S P IS THE DOWNTOWN FOREST JIM GRAY AREA ITSELF.
IT WAS ESTABLISHED IN 2004 AND SET CURRENTLY TO TERMINATE IN 2044.
IT WAS EXTENDED LAST YEAR IN 2024 FOR ANOTHER 20 YEARS TO PIGGY PIGGYBACK ON SOME OF THE OTHER IMPROVEMENTS THAT ARE GOING ON, BUT IT WAS CREATED, I'LL TALK ABOUT BASE VALUE.
SO BASE VALUE 2004 WAS 90.9, SO THAT'S WHERE THE CITY'S FROZEN.
WE'RE ONLY COLLECTING THE TAXES IN THAT AREA OF 90.9.
ALL THE OTHER INCREMENTAL GROWTH, WHICH IS THE CAPTURE VALUE, HAS TURNED INTO 280 MILLION OF VALUE THAT IS GOING STRICTLY FOR THAT AREA.
AND THAT EQUATES TO LOOKING FROM THIS YEAR ON, WE'RE PROJECTING ANOTHER $51 MILLION WITHIN THIS 20 YEARS COMING INTO THE DOWNTOWN FOREST JUNIOR AREA, EQU TO ABOUT $2.6 MILLION A YEAR.
SAID ZONE NUMBER TWO ON THE I 30 CORRIDOR DOWN.
THIS WAS ESTABLISHED IN 2005 AFTER THE PASSAGE OF THE BOND PROGRAM IN 2004.
AND IT IS ACTUALLY SET TO EXPIRE NEXT YEAR.
THE BASE VALUE WHEN IT STARTED IS WHERE WE'RE FROZEN WITH THAT $75.1 MILLION OF PROPERTY VALUE SINCE THEN.
AND STRANGELY MOST OF THAT HAS COME IN THE LAST THREE OR FOUR YEARS.
WE WERE TALKING EARLIER ABOUT THE MULTI-FAMILY DOWN THERE.
THAT SPARKED A HUGE BUMP OVER THE LAST FOUR YEARS FOR THAT.
SO RIGHT NOW, UH, I PUT FUTURE REVENUE THAT CURRENTLY SETS EXPIRE IN 2025.
[01:15:02]
IT'S COLLECTING ABOUT $2 MILLION.THIS TIF, UH, IS ONE OF THE ONLY, IS THE ONLY EXAMPLE IN OUR TIFF.
SO PUT ONE PROJECT IN YOU DONE AND THAT'S SERVED FOR LOOP.
IT DID PASS PRO AND IT'S SERVICING THAT DEBT WHEN IT, IT'S THE DEBT IS SET TO EXPIRE IN 2025.
BUT THAT'S THE ONLY PROJECT THAT'S SET EXISTED FOR TIP TWO TIP'S.
PHONE NUMBER THREE IS OUR NEWEST TIFF.
AND THIS ONE REALLY IS KIND OF, YOU CAN SEE THAT IT STRETCHES WAY NORTH WAY SOUTH.
AND THIS IS REALLY THREE TIFFS PUT TOGETHER IN ONE CONNECTED BY SHALLOW ROAD.
ORIGINALLY THIS THING WAS CREATED IN 2018 WHEN BAYLOR HOSPITAL SHUT DOWN.
SO IT WAS ORIGINALLY SET JUST TO BE THIS AREA.
AND THIS IS A GOOD EXAMPLE OF HOW WE LOOK TO DO TIPS.
NOW IF YOU SEE THIS BLOCK RIGHT HERE, THIS ONE'S A VACANT FARM OF A PIRATE FARM.
THE HOSPITAL'S IN THIS AREA, WE KNEW A DEVELOPMENT WAS COMING IN TYPICALLY WITH TIPS.
YOU NEED A SPARK TO GET IT STARTED.
UM, MR. DUCKWORTH, MR. TORRES KNOW SOME OF THESE TAKE FOREVER TO GAIN MOMENTUM, BUT IF YOU GET STARTED WITH A SPARK, YOU GET A LITTLE BIT OF SEED MONEY RIGHT OFF THE BAT.
SO WE HAD A $250 BILLION MONTHLY, UH, SINGLE FAMILY RESIDENCE HOME.
WE KNEW WE WERE COMING IN, SO WE'RE USING THAT AS THE CATALYST TO CREATE THE STIFF.
AND THEN WE DID THAT AGAIN LAST YEAR.
SO LAST YEAR WE DO A BUNCH OF DATA CENTERS.
WERE ABOUT TO COPY IT UP NORTH.
WE HAVE THE SPA PROGRAM COMING.
THERE'S A LOT OF WORK THAT NEEDS TO OCCUR IN SOUTH GARLAND AND THE MEDICAL DISTRICT THAT'S CAPITALIZED ON THESE DATA CENTERS AND DO EXACTLY WHAT WE DID ORIGINAL TIFF AND EXPAND IT TO CAPTURE VALUE UP NORTH.
'CAUSE WE KNOW IT'S COMING TALKS PROJECTIONS EARLIER.
WE NEED NO DEVELOPMENTS COMING.
IT PROVIDES THAT SPAR PROVIDES THAT INITIAL REVENUE TO GET THE THINGS STARTED.
AND YOU CAN SEE THIS TIFF IS VERY LARGE BASE VALUE OF THIS.
TIFF IS ALMOST A BILLION DOLLARS AND 307.4 MILLION 10 CASH SINCE 2018.
YOU CAN SEE THIS TIP JUST FROM 2018 IS NOT DONE
I MENTIONED THAT WE TREAT THIS ONE KIND OF AS A COUPLE TIPS AND ONE WE HAVE SEGREGATED OUT.
ANY GROWTH IN THE MEDICAL DISTRICT AREA HAS TO BE USED FROM THE MEDICAL DISTRICT BY ORDINANCE WITH THIS TIP.
AND THAT'S ROUGHLY 50 MILLION OF THIS 203.
THE REST OF IT CAN BE USED ANYWHERE ALONG THE PATENT.
THAT'S THE, THE CITY RECEIVES FROM PROPERTY TAX.
IS THAT RIGHT? FROM THE REAL PROPERTY TAXES? IT'S NOT SALES TAX.
NOT SALES TAX OR YOU P BUSINESS PERSONAL PROPERTY, REAL PROPERTY TAX FOR THE ACTUAL STRUCTURES.
OKAY, FOR EACH QUESTIONS JUST GRADE, WHAT ARE THE BOUNDARIES? WHAT, OH GOSH, YOU'RE ASKING THE MATH MAP.
UH, AT THE CENTERVILLE, I WOULD SAY CENTERVILLE.
THAT CENTERVILLE, CENTERVILLE, SHILOH MAR SHOULD BEEN, UH, MEDICAL, UH,
RIDGE AGAIN, THE, THE INTENTS OF THESE, THE, NOT THAT THERE'S ANY PROJECTS IDENTIFIABLE WHEN YOU'RE CREATING TYPICALLY WHAT YOU WANNA DO, ESPECIALLY WHEN IT'S FINDING A ROADWAY, JUST START CAPTURING VACANT PLAN.
SECONDLY, YES, IT'S A GOLF COURSE, BUT THAT PUTS IT IN A BOUNDARY SO THAT IF A PROJECT DOES COME UP IN THAT AREA, IT COULD BE A PART OF THE
SO THIS IS, UH, KIND OF GETTING TO THE EARLIER POINTS ABOUT TIP FUNDING, ABOUT IT BEING BASED ON PROJECTIONS AND HOW WE
[01:20:01]
MITIGATE RISK HERE AT THE CITY.THE FIRST BULLET POINT THAT I'VE ALREADY MENTIONED SEVERAL TIMES IS YOU'RE DOING A TIP PLAN.
YOU'RE PROJECTING OUT WHAT YOU THINK PROPERTY VALUES ARE GONNA BE WHEN EVERY TIME YOU'RE DOING THAT, THERE IS A HUNDRED PERCENT CHANCE YOU'RE GONNA BE WRONG.
SO I MENTIONED THAT OUR APPROACH TO IT IS WE, IF WE KNOW SOMETHING'S COMING, WE WILL PLUG IT INTO OUR PROJECTIONS.
IF WE DO NOT, DON'T INCLUDE IT.
AND THAT GETS BACK TO THE CIRCULAR ROTATION.
WE'LL, WE'LL, WE'LL RUN WITH THE MONEY WE HAVE BASED OFF OF WHAT WE KNOW IS COMING.
IT'S ALWAYS BETTER THAN BEING SHOP AND GOOD WAY WE COULD GET ANOTHER PROJECT IN AND SUPPORT OTHER ED PROJECTS DOWN THE ROAD.
THERE'S TWO TYPES OF WAYS OF FUNDING PROJECTS YOU CAN DO.
THE PAY AS YOU GO METHOD, IT'S A DOWNTOWN MODEL AND THAT ISSUANCE AND FUNDING MODEL, WHICH SHOULD REALLY THE BEST PRO BY 30 ON THE PAY AS YOU GO FUNDING WHAT YOU'RE DOING THERE IS WAITING FOR THE CASH TO ACTUALLY BE IN THE FUND BEFORE YOU ACTUALLY INITIATE THE PROJECT.
SO IT'S LOW RISK, WHICH IS GOOD, BUT YOU'RE JUST WAITING FOR FUNDS TO BUILD UP.
SO NEITHER TAKES EXTREMELY LONG TIME TO GET THE FUNDS BUILT UP OR YOU'RE DOING A LOT OF SMALL PROJECTS DOWNTOWN.
IT'S BEEN USED JUST TO GET SOME QUICK WINS.
IT'S BEEN USED TO SUPPORT MAJOR PROJECTS THAT ARE IN THE CITY, BUT NOT DOING SOME MAJOR PROJECT ALL BY ITSELF.
THAT ISSUANCE AND FUNDING OF BASS PROS.
AN EXAMPLE OF HOW THIS ONE WAS DONE, UH, WHAT HAPPENS HERE IS THERE'S A LARGE PROJECT, 20, $30 MILLION PROJECT AND YOU'RE GOING TO GO OUT AND ISSUE THE BONDS, THE GEO BONDS THROUGH THE BOND STUDY COMMITTEE, COUNCIL, PROS, VOTERS APPROVED, BUT IT'S GONNA BE SERVICED BY FUTURE
IF IT'S NOT, IT'S SERVICED BY THE CITIES.
SO IF YOUR PROJECTIONS ARE NOT SOLID, YOU'RE GOING TO BE PUTTING YOUR CITY AT RISK, HAVE TO TAKE ON ADDITIONAL DEBT THAT THEY WEREN'T THINKING ABOUT.
SO AGAIN, LONG TERM PROJECTIONS HAVE TO BE EXTREME SOUND AND HAVE TO BE EXTREMELY CONSERVATIVE.
AND THE LAST BULLET POINT IS BACK TO, UH, IT TAKES A WHILE USUALLY TO GET SUBSTANTIAL BALANCES.
AND HOW WE UTILIZE THE TEST HERE AT THE CITY MOST ARE JUST TO STAY FINANCIALLY INTRUDED.
CONSERVATIVE IS JUST THAT SUPPORT FOR LARGE PROJECTS.
SO FOR INSTANCE, YOU SEE US WHERE YOU WILL BE TALKING IN THE FUTURE ABOUT MEDICAL DISTRICT, ABOUT HARBOR POINT.
ALL THESE THINGS ARE IN A TIF ZONE.
THE TIF ZONE CANNOT PICK ON THE FULL WEIGHT OF ANY PROJECT.
THESE MAJOR PROJECTS, THEY'RE HERE FOR SUPPORT.
I'VE TALKED ABOUT A LOT OF THESE ALREADY OF PROJECTS THAT, UH, UH, OUR TIPS HAVE COMPLETED.
AND IN THE SUPPORT ROLE, THE DOWNTOWN CITY CENTER PARKING AND, AND CITY HALL FACADE, THE GARAGE CITY HALL FACADE, THAT WAS PART OF THE ENTICEMENT SPRING, YOU KNOW, HISTORY CROSSING IT HELPED SERVICE A PORTION OF THAT DEBT.
WE HAD THAT IN THE 2019 BOND PROGRAM.
LATE OCCURS, SIGNIFICANT INCREASES IN COST.
DOWNTOWN WAS THERE TO HELP SUPPORT THAT SO THAT THE PROJECT WOULD STILL GET DONE.
FAST PRO WE TALKED ABOUT IN THE POWERPOINT INFRASTRUCTURE, THE LAND THAT WAS THERE.
THAT'S IN, UH, THE MEDICAL DISTRICT WITH, WE'VE PARTNERED WITH THE GROUP, POLARIS HEALTH PARK, TO TRY TO MAKE IMPROVEMENTS FROM A PRIVATE SECTOR STANDPOINT.
AND THE, THE TIP RIGHT NOW IT'S ONLY PROJECTS, IT'S TO SERVICE THIS INCENTIVE INCENTIVES TO GET THEM TO DO MORE IMPROVEMENTS.
NOW, OFTEN THAT KIND OF CLOSING INTO CASH INCENTIVES, SOMETIMES CASH INCENTIVES,
THE CASH IS IN THE TIP, BUT IT GETS US THE CASH INCENTIVES AND REBATE.
TYPICALLY WHAT WE DO HERE AT THE CITY IS EVERYTHING HAS TO BE PERFORMANCE BASED.
SO WHAT A CASH INSTEAD TYPICALLY MEANS THAT THE AGREEMENT COULD BE WE'LL SHARE A PORTION OF OUR INCREASED PROFIT TAX, INCREASED SALES TAX OR INCREASED HOTEL MOTEL TAX.
THE SAME WITH, THERE'S TYPICALLY AGREEMENTS FOR REBATES OF DEVELOPER FEES SUCH AS THEY HAVE TO PAY, DEVELOPMENTS HAVE TO PAY IMPACT FEES THAT THEY'RE GONNA PUT MORE PRESSURE ON ON OUR TRANSPORTATION, ON OUR ROADS.
THEY HAVE TO PAY TREE MITIGATION FEES, CUTTING
[01:25:01]
DOWN ALL THE TREES AND WE CAN EITHER WAIVE OR REBATE THOSE.AND ON THE REBATE INTENT IS, IS WE'LL REBATE IT IF YOU DO THIS.
AND SO WHY I LIKE REBATES AND WHY I LIKE TO SHARE
UM, ONE THING TO NOTE ON PAST REBATES AND SALES, ANY OTHER OF OUR AREA CITIES HAVE WHAT'S CALLED 4 8 4 B SALES TAX.
UH, WHAT THIS BASICALLY MEANS IS WE'RE IN THE DARK.
I BELIEVE THE FIRST MEETING, 1% OF OUR SALES TAX GOES TO DART.
THE OTHER CITIES THAT ARE NOT IN THE DART SYSTEM COLLECT 2%.
THEY CAN DO WHAT IT'S CALLED EITHER A FOUR A FOUR B SALES TAX, WHICH COULD SET THAT 1% ASIDE FOR ECONOMIC DEVELOPMENT AND PUT THAT INSPECTIVE TO FIGURE OUT THE CITY OF DARWIN.
IF WE WERE TO HAVE OR ENFORCE SALES TAX, LET'S OVER $40 MILLION.
SO THAT'S $40 MILLION SOME CITY ARE GETTING ANNUALLY.
WE DO NOT HAVE AND IS YET ANOTHER REASON WHY WE'RE HERE RIGHT NOW BECAUSE OUR ONLY PATH ON FINANCING ON ECONOMIC DEVELOPMENT.
FIRST, LET'S TALK ABOUT TAX SUPPORTED DEBT.
AND NOW I'LL TALK A LITTLE BIT ABOUT REVENUE SUPPORTED DEBT.
TAX SUPPORTED DEBT IS THE CHEAPEST FINANCING THAT YOU CAN FIND OUT THERE BECAUSE AS ALL I KNOW, THERE'S ONLY TWO THINGS.
CERTAIN WHY DEBT AND TAXES, TAXES ARE GONNA HAPPEN.
DOESN'T MATTER IF ECONOMY TANKS DOESN'T MATTER.
IF THE ECONOMY IS GOING GREAT, PEOPLE HAVE TO PAY TAXES.
SO WHEN, WHEN AN INVESTOR LOOKING AT THAT, THEY GUARANTEE IT'S NOT SEASONAL AND THEY KNOW THAT'S TO THE ECONOMY, WE EASILY GET A PRETTY LOW INDUSTRY.
THREE BUCKS GIVES YOU TWO TYPES OF DEBT.
THEY ALL OBLIG MANAGEMENT IN GENERAL.
REALLY THE ONLY DIFFERENCE IS IT'S CERTIFICATES OF OBLIGATION.
DO NOT REQUIRE VOTER APPROVAL.
GENERAL OBLIGATION DO REQUIRE VOTER APPROVAL.
ALSO, SPECIFICS OF OBLIGATION ONLY BE USED FOR WHAT IS CALLED PUBLIC WORKS.
WHY THAT QUOTATION? THIS IS THE LEGISLATION TERM OF PUBLIC WORKS.
IT'S NOT WHAT WE ALL THINK OF PUBLIC WORKS.
THIS, THIS MEANS PARTS, THIS MEANS TRAILS, THIS MEANS ROADS.
BUT THIS MAY, THERE'S A BIG CATCHALL WITH ALL THAT IS LIVE EXISTING LIBRARIES.
ALL OF THOSE THINGS CAN BE DONE FROM CERTIFICATES.
OBLIGATION, GENERAL OBLIGATION.
WHY YOU HAVE TO GO WITH VOTERS IS YOU'RE NOW ASKING FOR THINGS THAT ARE NOT PUBLIC WORKS, BRAND NEW SHINY THINGS OR ECONOMIC DEVELOPMENT.
SO IN 2019 THAT AROUND WAS BRAIN BRAND NEW SHOV THINGS, NEW ANIMAL SHELTER, REC CENTERS, SENIOR CENTERS.
YOU'RE GONNA GO WITH THE MOTORS AND ASK THEM, HEY, DO Y'ALL WANT THESE NEW THINGS? THIS PROGRAM, WHAT WE'RE TRYING TO STRUCTURE AGAINST NOW IS, HEY, DO Y'ALL WANT TO INVEST IN ECONOMIC DEVELOPMENT? AND THE GOOD THING, YOU SAW ALL THOSE SLIDES OF ALL THE BLOCKS, YAKO WAS SHOWN, THE PROPERTY FOUNDATION OWNED CITY OWNS WHOEVER OWNS THE, IN REALITY, WE HAD THE RIGHTS TO THAT LAND.
WE HAD THE RIGHTS TO THAT LAND FROM THE 2019
AND I'LL JUST GIVE KUDOS TO YAKO AND MANY OF THE OTHER TEAM MEMBERS.
BECKY'S BACK THERE AS PART OF THIS TAKES A LOT OF WORK TO ASSEMBLE THAT LAND, THAT BOND PROGRAM GAVE US THE SEED MONEY TO START THAT.
SO WHEN YOU SEE ALL THOSE YELLOW BLOCKS UP THERE, WHAT'S GOING THROUGH MY HEAD? THE NUMBERS GUYS, THERE'S ALL THAT 46 MILLION RIGHT THERE READY TO GET UTILIZED AND MAKE THIS MONEY.
SO WITH THIS, WE, THESE ARE THE TYPE OF THINGS THAT WE'RE LOOKING TO DO WITH GENERAL OBLIGATION BONDS BECAUSE THIS TYPE OF TOOL IS THE ONLY TOOL WE HAVE FOR LARGE SCALE PROJECTS.
IF WE WANNA DO BIG BANG THINGS LIKE HARBOR POINT MEDICAL DISTRICT, SOUTH GARLAND, WE HAVE TO GO TO THE BONUS.
SO AGAIN, THIS IS WHY WE ARE HERE.
REVENUE BONDS IS ANOTHER WAY THAT WE ISSUE BONDS.
MOST OF ALL WE DO IS UTILITY REVENUE BONDS.
SO WE HAVE AN ELECTRIC UTILITY.
WE HAVE, SORRY GOING BACK PREVIOUS THOUGH,
THAT REQUIREMENT FOR VOTER APPROVAL OR
[01:30:01]
APPROVAL.AND THAT A UH, CITY CHARTER REQUIREMENT OR STATE, STATE, STATE, STATE CERTIFICATE OBLIGATION, THE WAY THOSE ARE SET UP AND THE WAY, THE WAY IT'S DESIGNED AND, AND YOU KNOW, THE STATE REALLY, REALLY IS TRYING TO FIND WAYS TO LIMIT ALUM.
THESE PROBLEM IS IS SOMETIMES THINGS JUST YOU HAVE TO BUY LIKE A FIRE ENGINE, FIRE ENGINE MILLION DOLLARS.
IT'S HARD TO COME UP WITH A MILLION DOLLARS FOR GENERAL.
WAITING ON A VOTER APPROVAL FOR A FIRE ENGINE MAY NOT BE THE BEST SOURCE.
ROADS, WE NEED TO COMPLETE ROADS.
MATT, IF I COULD HELP EMPHASIZE THAT TOO, BECAUSE I THINK IT'S PROBABLY THE MOST IMPORTANT DISTINCTION.
UM, THE RIGHT TOOL FOR THE RIGHT THING.
AND THIS SLIDE REALLY ENCAPSULATES EXACTLY WHY WE'RE HERE.
THAT THERE ARE A LOT OF THINGS THAT WE CAN DO IN THAT TOP ON AN ANNUAL BASIS.
SO, SO TYPICALLY THOSE COS ARE DONE THROUGH OUR ANNUAL CAPITAL IMPROVEMENT.
BUT, AND SO IF, IF IT FITS WITHIN THE REVENUE THAT'S BRINGING IN THROUGH THE, THAT SIDE OF THE EQUATION, WE COULD DO A LOT OF THINGS IN HERE THAT ARE THOSE INFRASTRUCTURE TYPE.
WE WOULDN'T, WOULD NOT BE SMART TO WASTE SOME MONEY THAT'S DOWN HERE ON THE BOTTOM PIECE BECAUSE TYPE RULES ON THOSE LUTHER RULES ON THOSE INFRASTRUCTURE ECONOMIC DEVELOPMENT THAT THIS TO ME WAS VERY ENLIGHTENING TO SEE THAT DISTINCTION 'CAUSE IT'S VERY MESSY.
BUT TRYING TO DETERMINE STATE WHAT THEY DO TO US EVERY FEW YEARS WHEN THEY WANT CHANGE THE LEGAL TO TIGHTEN THAT ONE UP ON THE TOP.
SOME REALLY EXISTS FROM THE LOWER HALF OF THE SLIDE.
CORRECT? THAT'S WHY WE'RE ALL THESE.
AND YOU MAY ALL HAVE PROJECTS THAT YOU WANT TO SEE GET DONE THAT COULD VERY POSSIBLY BE DONE OUT THAT TOP PIECE.
ALONG THE SAME LINES, IT'S, THERE'S DIFFERENT BUCKETS OF MONEY THAT CAN HELP DO THINGS.
SO WE'RE GONNA SEE A LOT OF PROJECTS THAT HAVE WATER WASTE WATER COMPONENTS AND ELECTRIC COMPONENTS YOU CAN TAKE LEFT.
THOSE ITEMS AREN'T WHY WE'RE HERE.
REVENUE BONDS ARE ISSUED BY ELECTRIC WATER AND WASTEWATER AND MAKE SERVICE THOSE MONTHS OF REVENUES THAT BRING FROM UTILITY RATE REPAIRS.
SO WHEN WE'RE LOOKING AT A PROJECT, AND THIS IS GONNA BE A BIG PART OF THE
YOU'RE LOOKING AT WATER AND SEWER, YOU'RE LOOKING AT ELECTRICAL CHANGES.
THOSE THINGS AREN'T GONNA BE PACKAGED INTO THE BOND 'CAUSE THIS IS A TAX SUPPORTED BOND.
THE REVENUE WOULD HAVE TO COME FROM REVENUE SUPPORTED SIDE ON THE RATE PAYERS.
AND SO WHAT WE'RE GONNA BE LOOKING AT IS JUST TARGETING VERY SPECIFIC WITH OUR 150 MILLION, WHAT'S THEIR BEST BANG FOR THE BUCK ON THE TAX SUPPORTED SIDE AFTER TIP REVENUE BOND
PUT WIDE INCENTIVIZE, BUT YOU HAVE TO INCENTIVIZE MARINE DEVELOPERS THAT WOULD OTHERWISE NOT COME.
GOVERNMENT GOTTA INCENTIVIZE SOMETIMES TO, TO HAVE PEOPLE EXPAND OR MAKE ENHANCEMENTS THAT THEY OTHERWISE WOULD NOT DO.
UH, WHAT YOU DO NOT WANNA DO IS INCENTIVIZE DEVELOPMENT THAT'S ALREADY COMING.
WE SEE A LOT Y'ALL GO SEE THEM COME ACROSS ALL THE TIME JUST LOOKING FOR HANDOUTS.
NOT SOMETHING WE'RE LOOKING TO DO.
THAT DEVELOPMENT HAS TO DO ANYWAY.
STATE LAW, FEDERAL LAWS, YOU HAVE TO DO IT AND INCENTIVIZED MUST HAVE A PUBLIC PURPOSE AND MEET THE BUSINESS STATEMENT THAT YOU SAW ON THE CHARTER.
AND THIS IS EXTREMELY IMPORTANT 'CAUSE I GET THIS QUESTION A LOT, IS HOW CAN YOU DO, UH, ECONOMIC DEVELOPMENT AND GIVE MONEY TO A PRIVATE SECTOR? THE PUBLIC PURPOSE HERE IS THAT THAT IS IN THIS IS IT HAS TO SHOW THAT YOU'RE IMPACTING THE QUALITY OF LIVES OF YOUR CITIZENS.
SO YOU'RE BRINGING IN THIS TAX MONEY THAT WE CAN NOW PUT OUR POLICE ON THE STREETS.
SO THAT'S KIND OF THE, UH, TIE TOGETHER WITH OUR DEEDS TO BE A PUBLIC PURPOSE.
IT KIND OF GETS TO THE POINT OF THIS 150 MORE AND HOW PRECIOUS IT IS IF IT GETS PASSED AND REALLY WHAT WE NEED TO DO WITH THIS WHATEVER TARGET AND THE LINE.
SO WHEN I SAY LEVERAGE, SOMETIMES YOU'RE GONNA HAVE TO GET THE LOST HERE.
MANY TIMES WHEN A DEVELOPER'S COMING IN, I THINK IN THE FIRST MEETING WAS TALKING ABOUT THEY RUN ALGORITHMS, THEY'RE LOOKING, OH, DARLING'S OUT.
WHAT THIS CAN DO IS BE UTILIZED SITE WHAT I'M TURNING GAP FINANCING FOR INSTANCE, WE WILL HELP PUT THE LAND ASSEMBLY LAND, TAKE LAND COSTS OUT
[01:35:01]
TAKING SAY A PARKING STRUCTURE, NON-REVENUE GENERATING COSTS THAT THESE DEVELOPERS HAVE.SO A MULTIFAMILY WANTS TO COME IN, THEY HAVE TO PUT A PARKING STRUCTURE, HE CAN'T MAKE MONEY OFF THAT.
SO THAT'S KIND OF WHERE THE GAP FINANCING COMES IN.
BUT OF COURSE YOU GOTTA TIE THAT IN.
BUT YOU NOW HAVE TO SUPPORT US BACK TO THE WHOLE PERFORMANCE BASE.
WE'RE GOING TO DO THIS FOR YOU.
YOU GOTTA BRING SOMETHING FOR US.
AND ON THE TARGETING, THAT'S WHY WE'RE GONNA GO THROUGH THE CATALYST AREAS.
YES, IT'S NICE TO HAVE PROGRAMS AND BLANKET THE CITY WITH MY SHOPPING SHOPPING CENTERS, YOU HEARD ABOUT NEIGHBORHOOD VITALITY, BUT WITH THESE BIG DOLLAR PROJECTS, YOU'VE GOTTA TARGET IT AND REALLY LOOK INTO THE DATA.
YOU GOTTA MAKE SURE YOU'RE GONNA BE ROUGHLY RIGHT, MAYBE NOT 95% CONFIDENT, BUT PLUS.
AND THEN YOU GOTTA ALIGN YOUR FINANCIAL TOOLS.
AND THAT'S WHERE I COME IN AS WE'RE GOING THROUGH THE REST OF THIS.
I JUST WANNA BE USED AS A SOMEONE THAT HELPS Y'ALL.
YOU'RE LOOKING THROUGH THESE PROJECTS.
WHAT'S HIS? THIS MIGHT BE BETTER CO BUT THIS RIGHT HERE, THIS PART THAT YOU'VE HEARD, IT'S THE ONLY WAY I CAN TAKE IT.
WELL THAT'S WHERE MY ROLE WILL BE AS WE MOVE FORWARD IS ALIGNING ALL OF OUR FUNDING TO HELP Y MAKE THE DECISION.
UM, THEY VOTED TO, UM, DECREASE THE, THE, IT WAS EITHER A FOUR A OR
SO IS THERE ANY, HAS THERE BEEN ANY DISCUSSIONS HERE
SO THERE'S MEMBER CITIES OF DART AND THESE MEMBER CITIES HAVE SIGNED INTO THE CONTRACT DART TO GET THEM 1% SALES TAX.
UH, THERE HAVE BEEN SEVERAL CITIES REPRESENTED
THAT IS KIND A DISCUSSION OUTSIDE OF 44 A THAT'S MORE OF CITIES TRYING TO GET, TRYING TO SEE WHAT THE TRUE VALUE IS ARE AND WHAT THEIR BANK FROM BUCK IS.
AND IT'S GOT REALLY POLITICAL CITY OF GARLAND AT THIS POINT.
IT'S KIND OF STAYING OUT OF IT.
IT'S DARK SALTING SURVEY TRANSPORTATION IS ONE OF THE BEST THINGS ABOUT US AND WE'RE JUST HAPPENED EVEN ANYONE ELSE? ALRIGHT, THANK YOU.
I'M THE INTERIM DIRECTOR OF TRAINING AND TODAY I'M GOING TO TALK TO YOU ABOUT CABINET AREA.
AS YOU START OFF, THINK OF TALENT AREA AS AN ORGANIZING PROCESS.
IT ALLOWS US TO IDENTIFY A GEOGRAPHY WHERE WE CAN FOCUS OUR INVESTMENTS, WE CAN FOCUS OUR EFFORT, UM, IN, IN A WAY THAT CREATES THAT PART THAT MATT MENTIONED, BUT THEN ALSO CREATES RECIPROCAL THAT, UH, OUTSIDE OF THE BOUNDARY OF THIS AREA.
SO, UM, WHEN WE ADOPTED OUR COMPREHENSIVE PLAN IN 2012, THAT IS WHERE WE STARTED THE IDEA OF BEAUTY HAVE AREAS AS OUR ORGANIZING CONCEPT.
AND SO IT REALLY IS A STRATEGIC RESOURCE THAT ALLOWS US TO IDENTIFY AREAS THAT WE TARGET FOR POTENTIAL ECONOMIC DEVELOPMENT OR POTENTIAL GROWTH, POTENTIAL ENHANCEMENTS THAT ENCOURAGE A ACTIVE, THRIVING, BEAUTIFUL, UM, ATTRACTIVE COMMUNITY HERE.
SO THE LIST HERE ARE THE CATHOLIC AREAS THAT WE HAVE IN THE TARGET COMPANY.
UM, IN FUTURE WE GOING THROUGH
BUT FOR TODAY I WILL JUST SHARE WITH YOU SOME HIGHLIGHTS.
UM, FOR EACH ONE, THE MAP SHOW OF THE CAPITAL
UM, IT'LL GO DOWN, UM, MAYBE LITTLE KETTLE DOWN
RED SHOWS THE DOWNTOWN CALIP AREA.
UH, THE PURPLE DARK BLUE TUNNEL IS FOUR JUPITER WALNUT CANVAS AREA, THE YELLOW AND SOUTH GARLAND.
THE LIGHT GREEN WOULD BE THE BIL BROADWAY CANDLE
[01:40:01]
AREA OF PURPLE AND PINK PURPLE HERE WILL BE VILLE MARKETPLACE.UH, THESE DON'T FOLLOW THE BOUNDARIES OF ANY TIFF DISTRICT OR ANY OTHER GEOGRAPHY.
I'LL WALK YOU THROUGH HOW WE MADE THE DECISION TO SET THE BOUNDARIES THAT THEY SEE HERE, BUT THEY DON'T NECESSARILY ALIGN WITH WHAT WE THINK OF AS DOWNTOWN.
MAYBE, UH, FROM OUR OWN PERSPECTIVE OR, UM, ANY OF THE OTHER TIP BOUNDARIES OR BOUNDARIES THAT WE CAN TALK ABOUT
SO THERE WERE SEVERAL CRITERIA THAT WE USED TO DEVELOP CERTIFICATE.
THE, UH, SORRY, THINKING ABOUT THAT RATE PRESENTATION.
UH, THERE WILL BE SEVERAL AREAS THAT WE, UH, SEVERAL CRITERIA THAT WE LOOKED AT TO DEVELOP THE CATALYST AREA.
AND SO THERE ARE SEVERAL FACTORS THAT YOU WILL SEE FOR EACH CATHOLIC AREA.
UH, ONE, THEY'RE PRIMARILY NON-RESIDENTIAL.
WE WANT TO LOOK AT OPPORTUNITIES THAT WOULD IMPACT OUR EXISTING COMMERCIAL AREAS.
MAYBE VACANT LAND, YOU WILL SEE SOME FAMILY.
AND WHEN YOU SEE MULTIFAMILY, IT'S USUALLY AGING, MULTIFAMILY, PROBABLY BOTH IN THE 1980S, 1970S OR EARLIER.
AND THEY WERE OPPORTUNITIES FOR US TO PERHAPS DO SOME REVITALIZATION OR REDEVELOPMENT OF THOSE SITES.
SO NO SINGLE FAMILY PROPERTY IS GENERALLY FOUND IN THE
THEN THEY'RE HAVING RESIDENTIAL, UH, DEVELOPMENTS WITHIN, UM, WITHIN HEALTHCARE WE FIND THAT WE'RE USUALLY VACANT OPTIM OR UNDERUTILIZED SITE.
THERE'S REALLY GOT OPPORTUNITY THAT IS WHAT, UH, IS TO GUIDE
AND THEN WE SAW AN OPPORTUNITY TO TAKE WONDERFUL PLACES THAT WE WOULD ALL WANT TO BE A PART OF, LIKE DOWNTOWN.
UH, THAT WOULD BE AN ENHANCEMENT NOT ONLY FOR OUR NEIGHBOR, UH, IN THE GENERAL AREA, SAY THE DOWNTOWN NEIGHBORHOOD, BUT ALSO A TRACTOR FOR THOSE THAT COME TO VISIT US AS WELL.
WE SAW, UH, FOR SOME THAT ARE ALONG THE EDGES OF THE COMMUNITY, AN OPPORTUNITY FOR KEY GATEWAY ENTRYWAY TO THE CITY.
AND THEN WE ALSO SAW AN OPPORTUNITY TO ENCOURAGE THE PRESERVATION OF PROFIT VALUE AND INVESTMENT BY IDENTIFYING THESE AREAS.
WE SAY TO THE MARKET, WE SAY TO PROPERTY OWNERS, INVESTORS THAT WE ARE ALL WORKING TOWARDS A BETTER PLACE IN THIS AREA.
SO IF YOU CHOOSE TO INVEST THERE, YOU ARE IN GOOD COMPANY AND YOUR INVESTMENT, UH, WILL BE STRENGTHENED THROUGH
THERE'S SOME SPECIFIC STRATEGIES THAT COME ALONG WITH THE
UH, AND SO JUST TO STEP BACK A BIT, THE VISION WHERE PLAN WITH WAS APPROVED BY THE CITY IS SOMETHING THAT HAS BEEN BURIED BY THE PUBLIC.
AND IT IS A, A, A LIVING DOCUMENT THAT CONTINUES TO GUIDE THE WORK THAT YOU DO IN ALL ASPECTS OF
SO AS YOU'RE DOING YOUR, UH, ASSESSMENT AND YOUR CONSIDERATION, THE C THEORY STRATEGY MIGHT GIVE YOU SOME, UH, RESOURCE TO, TO LOOK AT AS YOU MAKE YOUR DECISION.
IS THIS A STRATEGIC LOCATION? YOU KNOW, DOES IT OFFER SOMETHING THAT ENHANCES THE OVERALL STRATEGY OF THE CITY AND MOVING IT FORWARD? UM, IS THERE MARKET POTENTIAL THERE? YTO AND MAC CAN HELP TO INFORM YOU WITH THE DATA THAT WILL, UH, TELL THAT STORY.
UH, DOESN MEET A COMMUNITY NEED.
YOU KNOW, WHEN WE TALK ABOUT DOWNTOWN AND WE TALK ABOUT ONE 90 OR I 30, WHAT IS IT THAT WE NEED IN OUR COMMUNITIES THAT, UH, THESE AREAS CAN HELP PROVIDE? IS IT READY FOR DEVELOPMENT? YOU KNOW, IN SOME AREAS IT MAY BE THAT WE NEED TO MAKE THE INVESTMENT TO MAKE IT READY OR IT MAY BE THAT THE INVESTMENT HAS ALREADY BEEN MADE AND WE'RE JUST WAITING FOR THAT ADDITIONAL FUNDING TO HELP CREATE SPARK AND MOVE US FORWARD.
AND THEN FINALLY, WE'RE REALLY LOOKING FOR AREAS THAT ARE, UM, COMPATIBLE AND CREATE, UM, DEVELOPMENT THAT IS A SEAMLESS CONNECTION TO THE NEIGHBORHOOD THAT'S AROUND IT.
AND SO EVEN THOUGH THE GEOGRAPHY MAY FOCUS ON COMMERCIAL AREAS, IT MAY HAVE, UM, MULTIFAMILY THAT WE'RE LOOKING AT NEW OPPORTUNITIES TO CREATE IN THE SITE.
IT SHOULD COMPLIMENT THE NEIGHBORHOOD THAT IT THE ADJACENT THOUGH.
LET'S TALK BRIEFLY, UH, ABOUT EACH OF THE AREAS.
WE WILL DO A DEEP DIVE INTO EACH OF THESE AS WE GO FORWARD.
UM, DEPENDING ON YOUR CHANCE, I'M SURE WHICH ONE WILL KIND OF SPEND TIMELINE.
[01:45:01]
THE OPPORTUNITY THAT WE SAW THERE WAS THAT IT WAS THE CHANCE WE HAVE HIGH QUALITY DEVELOPMENT ALONG A REGIONAL CORRIDORS THAT COULD BE ATTRACTIVE NOT ONLY TO OUR RESIDENTS AND ENHANCE THE SERVICES AND THE AMENITIES THAT WE'RE TRYING TO SEE FOR GAR RESIDENTS, BUT AS PEOPLE PASS THROUGH THE CITY, IT WOULD BE AN OPPORTUNITY TO CAPTURE, UH, THE BAIL PACK THAT THE VISITORS THAT WOULD, UH, GO THROUGH THE ONE 90 QUARTER.UM, SO THE KEY ASSETS THAT WERE THERE TO, UH, IN THE PAST, BUT ALSO TODAY, THAT THERE WAS A LARGE TRACK OF LANDFILL AVAILABLE FOR DEVELOPMENT AND THAT THERE WAS AN OPPORTUNITY TO, TO CONTINUE TO BE, UH, GROWING ASSET BECAUSE THE ONE NIGHT QUARTER WAS GOING TO EXTEND FURTHER SOUTH, CREATING EVEN MORE OPPORTUNITY FOR REGIONAL, UM, DEVELOPMENT.
WE HAD SOME STRATEGIES THAT WERE IN PLACE FOR 2012, YOU KNOW, HOW CAN WE PRESERVE THE LAND THAT WAS LEFT SOME OF OUR LAST GREEN FIELD OPPORTUNITY IN GARLAND.
HOW CAN WE MAKE THE MOST OF IT? YOU KNOW, HOW CAN WE PART THAT AREA AND REALLY MARKET TO INVESTOR THAT WOULD COME AND BRING THINGS THAT WE NEED TO BE SUCCESS THE COMMUNITY.
AND THEN HOW WOULD WE BUILD WITH THE INFRASTRUCTURE? THE DEGREE STILL MAY NOT NECESSARILY HAVE ALL OF THE INFRASTRUCTURE THAT NEED TO DO THE DEVELOPMENT.
I DID A QUICK SEARCH OF WHAT HAPPENED SINCE 2015 OR SO.
UH, I KIND OF LEAP A FEW YEARS AHEAD FROM THE ADOPTION OF DEPLOYMENT.
UH, SINCE ABOUT 2015, WE'VE SEEN ABOUT EIGHT RESIDENTIAL PROJECT PROJECTS IN THE AREA.
THE MULTI-FAMILY, SINGLE FAMILY TOWN HOMES THAT HAS BEEN, UH, AN ADDITIONAL OF OVER 1700 UNITS TO THE AREA.
SO WE'VE SEEN A LOT OF GROWTH.
WE'VE SEEN DATA CENTER, WE'VE SEEN RESTAURANTS AND RETAIL.
AND SO TELL US THAT THAT AREA HAS BEEN VERY ATTRACTIVE AND HAS BEEN A GREAT OPPORTUNITY FOR GARLAND TO CONCENTRATE EFFORT.
THERE'S A LOT OF ASSETS THERE THAT WE'LL TALK THROUGH, BUT OVERALL, ONE 90 IS JUST A GREAT DAY OPPORTUNITY FOR US AND A GREAT WAY TO CAPTURE REGIONAL GROWTH.
30, I THOUGHT YOU SEE A LOT OF NEW DEVELOPMENT OPPORTUNITY.
WE HAVE OLDER MOLD FAMILY, WE HAVE VACANT LOTS THAT NEVER DEVELOPED.
UH, WE HAVE THE LAKE FRONT, I THINK WE'RE CALLING IT THE, THE SHORELINE.
WE WE'RE STARTING TO BRING THAT A LITTLE BIT EVEN MORE IN TOP.
UH, BUT IT'S AN OPPORTUNITY TO NOT ONLY, UH, TAKE ADVANTAGE OF THE OLDER, UM, PROPERTIES THAT ARE IN THAT AREA, THE VACANT PROPERTIES THAT ARE IN THAT AREA, UM, THE CITY OWNED PROPERTIES THAT WE'VE TALKED ABOUT TODAY.
BUT IT'S A CHANCE TO ADD THAT GOOD TO CREATE THAT NEW ATTRACTIVE PLACE FOR INVESTORS TO COME AND BRING SOMETHING THAT GARLAND CURRENTLY DOES NOT HAVE, WHICH MAY BE A HIGHER FEE DEVELOPMENT PATTERN LAKE RECOVER, UH, THE LARGE TRACT OF LAND IN
AND LOOKING AT SOME OF THE THINGS THAT HAVE HAPPENED, UM, YOU MENTIONED SOME OF THE RESIDENTIAL DEVELOPMENT THAT'S HAPPENING IN THAT AREA.
WE'VE HAD SIX RESIDENTIAL PROJECTS EITHER PROPOSED UNDERWAY OR CONSTRUCTION OR COMPLETE ADDING ABOUT 1500 UNITS TO THE AREA.
WE HAVE, UH, BOUTIQUE HOTELS THAT ARE COMING INTO THIS AREA.
WE'VE HAD SOME OTHER, UM, NATIONAL BRAND HOTELS THAT HAVE COME INTO THE AREA.
AND SO A LOT OF ACTIVITY IS HAPPENING.
WE HAVE A GREAT OPPORTUNITY TO CONTINUE TO ENHANCE THAT.
SO WE KNOW ABOUT SOME OF THE ASSETS THAT WE TALKED ABOUT WITH GONNA DO LATE FRONT AND
UM, SO 1 5 30 CATALYST AREA IS JUST ANOTHER OPPORTUNITY TO FOCUS INVESTMENT AND TO CONTINUE TO GROW.
UM, THIS AS A AREA IN CHARLES, WE'RE HERE IN DOWNTOWN, SO WE'RE FAMILIAR WITH THE DOWNTOWN.
UM, AND I SEE MY PRODUCT DOWNTOWN SQUARE CAPITALIST AREA, BUT IS THE DOWNTOWN CAPITALIST AREA.
AND AT THE HEART OF IT, THIS WAS AN OPPORTUNITY TO CREATE A CORE FOR THE CITY THAT WAS CONNECTED TO DART AN OPPORTUNITY FOR A COMMUNITY CENTER.
THE DOWNTOWN SQUARE WAS AN EMERGING OPPORTUNITY IN 2012.
UM, THE OPPORTUNITY TO INCREASE DENSITY, UH, RELATED TO DARWIN, RELATED TO THE DOWNTOWN WAS ONE OF THE THINGS THAT WE SAW AS AN OPPORTUNITY.
AND WE'VE SEEN A LOT OF THAT COME, UH, TO FRUITION.
WE'VE SEEN, UH, NOT ONLY, UH, BURG LAWS, WHICH IS UM, WITH A PROJECT THAT HAPPENED ALONG, UH, GLENBROOK AVENUE.
THE DRAPER IS COMING, WHICH IS ANOTHER RESIDENTIAL DEVELOPMENT THAT IS IN THE AREA.
BUT WE'VE HAD THE OPPORTUNITY TO CREATE PEDESTRIAN FRIENDLY, YOU KNOW, MISUSE AREA THAT IS AN ATTRACTOR FOR NOT ONLY OUR COMMUNITY EVENTS, BUT IT DRAWS PEOPLE FROM ALL OVER TO COME TO GARLAND AND, AND THEIR TAX DOLLARS
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AND UH, TAKE ADVANTAGE OF THE BRAND OMMUNITY.BUT THE FOREST WALNUT, I WON'T TOUCH ON IT VERY LONG, BUT WE'RE ALL AWARE THAT THE VA MEDICAL CENTER, UH, CAME INTO THAT AREA AT A TIME WHEN WE HAD SOME TRANSITION WHEN IT CAME TO THIS AREA AS THE MEDICAL DISTRICT.
AND SO FOREST STREET, THE OPPORTUNITY TO REALLY, WE INVIGORATE THAT IDEA OF THE MEDICAL DISTRICT OF IRELAND.
WE TALKED A LITTLE BIT ABOUT COMMUNITY HOSPITAL.
UH, WE'VE HAD SOME REINVESTMENT THAT'S SHOWN HERE IN THE IMAGE OF OUR MEDICAL OFFICE FACILITY.
NOT ONLY THAT, BUT BEYOND THE ENTIRE STRETCH, WE HAVE THE OPPORTUNITY TO ENCOURAGE, UM, NEW INVESTMENT WITH OUR SHOPPING CENTER.
WE TALKED A LOT ABOUT THE ADVANCEMENTS OF THE PARKING THAT YOU SEE IN SOME OF THE SHOPPING CENTERS BECAUSE WE DEVELOPED CAR ORIENTED, BUT WE ALSO HAVE GREAT DIVERSITY, IF YOU WILL, TO GO ON.
AND I THINK FOREST STREET IS A GREAT EXAMPLE OF THAT.
UM, SO A LOT OF GREAT OPPORTUNITIES THERE.
THAT IS ANOTHER OPPORTUNITY THAT WE HAVE A LOT OF VACANT TRACKS THAT INCLUDES CITY ON LAND I 35 HAS BEEN, UH, UNDERGOING SOME IMPROVEMENT WITH, IS CREATING MORE ACCESSIBILITY TO THIS AREA.
AND SO COMBINING THE IDEA OF THE VACANT ON LAND THAT YOU SEE, THE IMPROVED ACCESS THAT I 35 WE PROVIDE, IT REALLY PROVIDES A GREAT STRATEGY FOR US TO THINK ABOUT WHEN WE WANT TO FIGURE OUT HOW TO PUT A GATEWAY INTO THE CITY, HOW WE CAN TAKE ADVANTAGE OF THE PARTNERSHIP THAT WE HAVE WITH MAKING ART.
UM, SO IT REALLY IS AN OPPORTUNITY FOR US TO ENCOURAGE AN EXCUSE DEVELOPMENT, BUT IF YOU PEDESTRIAN ORIENTED AREA FOR THE CITY AND ALSO, UM, ENHANCE SOME OF THE INFRASTRUCTURES THAT WE HAVE ALONG THAT QUARTER SO WE CAN HAVE A THRIVING AREA IN THE, IN THAT PARTICULAR PART OF THE CITY
UM, THAT AREA IS ADJACENT TO
AND WE HAVE SEEN SOME OPPORTUNITIES THAT HAVE EMERGED IN THAT PARTICULAR PART OF THE CITY.
UH, WE HAVE SOME NEW MULTIFAMILY THAT'S BROUGHT IN 300 UNITS IN THAT AREA, BUT BEYOND IT BEING A COMMERCIAL CENTER, UH, HAVING THAT COMMUNITY COMMERCIAL IN THE AREA, IT REALLY IS AN OPPORTUNITY TO ADDRESS SOME UNDERUTILIZED PROPERTIES.
SO WE'LL GET INTO THE DETAILS, BUT I JUST WANNA GIVE YOU SOME HIGHLIGHTS, UH, FOR EACH OF THESE.
AND FINALLY, BUT THAT'S BEEN A VERY LONG NIGHT, FIVE LIVING AT BROADWAY CENTER BILL.
AND THAT IS ANOTHER OPPORTUNITY THAT PROVIDES A STRATEGIC FOR US TO ADDRESS THE OLDER COMMERCIAL DEVELOPMENT PATTERN THAT WE HAVE IN THE CITY.
WE HAVE, YOU KNOW, THE OPPORTUNITY FOR MAYBE TO SPOT IMPROVEMENT, DEALING WITH SOME OF THE OVER PARKING, THE, YOU KNOW, VAST YEAR OF PARKING THAT WAS REALLY POPULAR WHEN WE DEVELOPED THE 70 80.
AND THEN IT ALSO GIVES US A CHANCE TO DO
UM, BUT THERE'S JUST A LOT OF OPPORTUNITY FOR US TO, UM, ADDRESS SOME OF THE CHALLENGES THAT WE MAY HAVE.
THE TEACHERS THAT AREAS SUMMARY TRY TO KEEP DYNAMIC.
WE HAVE HAD A, A FULL EVENING, WE REALLY NEED TO THINK OF CATHOLIC AREAS AS AN OPPORTUNITY THAT AN OPPORTUNITY TO GUIDE OUR DEVELOPMENT DECISION.
UH, IT REALLY IS A CHANCE FOR US TO FIGURE OUT WHERE WE CAN PRIORITIZE THE INVESTMENTS THAT WE WANNA MAKE AT THE CITY.
WE'VE HAD THE OPPORTUNITY TO HAVE MULTIPLE COMMUNITY ENGAGEMENT OPPORTUNITIES.
SO THE CONFIDENCE SHOULD BE THERE, THAT THE COMMUNITY IS OPEN.
WE HAVE DOCUMENTED THEIR CONSIDERATIONS AS A PART OF OUR PLANNING EFFORTS, BUT OVERALL WE WANNA MAKE SURE THAT WE CREATE MULTIPLE AREAS IN THE CITY.
THEY OFFER DIVERSE OPPORTUNITY THAT ALLOW US TO SUSTAIN AND FIT.
SO EACH CANDLE AREA GIVES US A UNIQUE OPPORTUNITY, UH, TO CREATE UNIQUE FACES, EXCUSE ME, FACES HERE IN THE CITY OF.
AND SO WITH THAT, I DON'T TAKE ANY QUESTIONS.
UM, IN REGARDS TO THE ROCK CENTERVILLE PALACE AREA, UM, DOES THAT EXTEND, I I DON'T THINK, YEAH, IT'S BASED ON THE NAME, BUT DOWN TO THE BROADWAY BOATS AREA, THERE'S QUITE A BIT OF VACANT THAT LAND THERE AND I'M WONDERING IF THAT'S BEEN CONSIDERED OR IS THAT LOOKED AT AS FAR AS THIS EXCLUDED? AND IF SO, WHY? YEAH, LET ME GO BACK TO THE MAP THAT WE HAD.
SO FOR PROBABLY VILLE IT CAPTURES PEOPLE THE COMMERCIAL AREA AND IN FRONT OF THE AGING MULTI FAMILY THAT BROADWAY CENTER BUILT INTERSECTION.
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AND SO IT DOES NOT PIN DOWN, UH, I FAR DOWN THE PRIMARY AREA OF IMPACTS.ARE THERE ANY PARAMETERS OR EXPECTATIONS COMES THE LEADERS IN TERMS OF WHAT WE WOULD LIKE TO HAVE VERSUS WHAT WE HOPE WE CAN HAVE? IT'S, UH, SUPER TARGETED TO UP THERE, THE FRONT ANGLE AREA, DEFEAT THE PUSHBACK WAITING FOR NORTH STRONG MARKETS GO IN THERE.
THAT WAS THINKING 15, 20 YEARS AGO WHEN I OPENED.
NAME MARCUS OR NO, THAT'S YOUR PLANNING AND ZONING WHAT YOU HAVE AT THIS POINT.
SO REGARDING ANY VIEW, UM, WE DEFINITELY HAVE SOME AREAS THAT HAVE A PLAN IN PLACE OR CONCEPT OF WHAT SHOULD THESE AIR, UM, BUT GENERALLY SPEAKING WE'RE LOOKING FOR GOOD QUALITY DEVELOPMENT.
AND SO IF THAT OPPORTUNITY IS PRESENTED, I THINK WE WOULD WELCOME, UH, DEVELOPMENT THAT ENHANCES THE, UH, MANY, UH, ENHANCES THE OPPORTUNITY TO BORROW, TO DEVELOP IN A WAY THAT'S POSITIVE, BUT WE WOULDN'T RESTRICT IT.
UM, THOSE PARTICULAR, UH, BRAND, IT'S, IT REALLY IS ABOUT COMPATIBLE USES THAT CAN'T, UH, I KNOW WE'RE BIG ON EVERY STATION CAR.
UM, MY QUESTION,
DOES THAT MEAN THAT THE WAS STORES, MOST STORES WHERE THAT PARKING IS OR NOT BUSINESS? WHAT'S GOING ON? WHY IS THERE SO MUCH PARKING? I, THAT'S A GREAT QUESTION.
WELL, IN DEVELOPMENT, WE USUALLY HAVE PARKING RATIOS FOR DIFFERENT TYPES OF USES.
AND OVER TIME THE PHILOSOPHY ABOUT THEM HAS CHANGED.
UM, PERHAPS IN OUR INFANCY AS A COMMUNITY WE WERE VERY PART ORIENTED.
TODAY WE THINK A LITTLE BIT DIFFERENTLY BECAUSE THERE, UM, YOU KNOW, UH, WIDE SHARE THERE OTHER ALTERNATIVES LIKE OUR TRAIL SYSTEM THAT YOU CAN WALK OR YOU CAN BIKE.
SO IT'S REALLY JUST A CHANGE OR SHIFT IN PHILOSOPHY OVER TIME ABOUT HOW PARKING SHOULD BE ADDRESSED BY EACH DEVELOPMENT TYPE.
AND SO IN THE 1980S IT MAY HAVE BEEN VERY GENEROUS AND IT THEN, UH, PARK YOUR USE BASED ON YOUR BUSIEST DAY
AND SO UNFORTUNATELY TODAY WE DON'T, WE THINK ABOUT, WELL, DO WE REALLY NEED TO PARK CHRISTMAS OR SHOULD WE PARK FOR THE AVERAGE OF WHAT TRULY HAPPENED OR THAT SHE, UM, THOUGHT CHANGE BLOCK? MM-HMM,
I, I MEAN THEY, THERE ARE CARS THERE, BUT I MEAN IT'S, IT'S LESS THAN 50% MAYBE, MAYBE EVEN 25 AND PEOPLE ARE STILL DRIVING, BUT IT'S A LOT LESS.
I JUST, YOU KNOW, THE CHANGE IN PHILOSOPHY, PART OF THAT IS WHEN THOSE ARE BUILT, DARLAND WAS A GROWING COMMUNITY.
SPRAWLING, WE'RE OUT OF LAND, ONLY PLACE TO GO IS THE UP.
SO SHRINKING THOSE PARKING SPOTS PUSHING UP IS KIND OF THE KEY TO GROWTH MATH AND GAR
UH, I MADE
SEE I THINK NEXT WEEK PRINT IT OUT A LITTLE BIT PLEASE.
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BUT I DID WANT WALK THROUGH THIS BECAUSE THIS REALLY SETS THE FRAMEWORK WE TO THE POSSIBLE MAY ELECTION, LIKE SENSE OF MONOTONES AND THINGS THAT WILL WORK WITH ALL ON THESO, UM, WORKING BACK FROM THE MAY ELECTION, UH, COUNCIL WOULD NEED TO CALL THAT ELECTION BY FEBRUARY 3RD.
BACK TO THAT YOU BE TO THAT Y'ALL WOULD BE READY TO, UH, PROVIDE A RECOMMENDATION TO THE COUNCIL EITHER TOWARDS THE END OF NOVEMBER OR SOMETIME IN DECEMBER SO THAT THEY HAVE SOME TIME TO, TO KIND OF PACKAGE THAT UP IN JANUARY.
SO THIS IS A VERY SIMILAR TIMELINE THAT WE FOLLOW BACK IN 2022.
UM, SO THE WAY THIS IS KIND OF ORGANIZED, WE'LL UPDATE THE SEVEN WEEKS SO YOU'LL KIND OF SEE WHAT IS TO COME.
BUT THIS FIRST BUCKET OF ACTIVITIES IS TO CITY STAFF WITH KIMLEY HORN AND OTHER CONSULTANTS WILL BE DOING THE BEHIND THE SCENES FOR PREPARE FOR THESE THINGS AND TO MAKE SURE WE'RE PROVIDING THE, THE, THE DATA THAT IT ALL NEED.
SO THIS IS JUST BEHIND THE SCENES SCENES, UM, THAT, THAT WE'LL BE WORKING ON.
THE SECOND BUCKET OF ACTIVITIES IS JUST CITY COUNCIL, UM, UH, WORK SESSIONS AND UPDATES.
WE'LL SET THOSE MILESTONES ON HERE JUST SO Y'ALL WILL KNOW WHEN, WHEN THOSE UH, REGULAR UPDATES WILL BE.
SO, UM, THAT'LL BE THE COUNCIL BUDGET.
THIS NEXT BUCKET IS REALLY SOME PROPOSED AGENDA ITEMS LEADING UP TO NOVEMBER, DECEMBER.
SO THE WAY WE KIND OF PROPOSED THIS IN THE NEXT FOUR WEEKS, WE'LL TAKE A DEEP DIVE INTO THE PROJECTS THAT ANGELA WAS DESCRIBING SO THAT
AND THAT'S WHERE WE'LL REALLY BE TALKING ABOUT SOME BACKGROUNDS AND EFFORTS THAT HAVE GONE ON TO DATE AND THEN SOME REAL PROJECTS ASSOCIATED.
AND THEN TOWARDS THE END OF SEPTEMBER WE ROLL ALL THAT UP AND ALSO, UM, OPEN THAT UP TO AFTER WE'VE HEARD ABOUT ALL OF THESE PROJECTS WHERE YOU'RE ALL TO IT ON PROJECTS AND OPPORTUNITIES SO WE CAN GET THOSE ADDED TO THE LIST.
AND I, ALL OF WHAT WE TALK ABOUT WILL ADD UP TO WAY MORE THAN 150.
UM, AND THAT'S WHERE IN OCTOBER WE'VE SET IT UP THE BASE WHERE WE CAN START TO SCALE THOSE UP AND DOWN TO FIT.
SO WE'LL HELP KIND OF FACILITATE THAT SO THAT NOVEMBER WE CAN WORK ON FINALIZING THAT AND PACKING IT AND PRIORITIZING FACILITY.
SO THIS IS FLUID WILL CHANGE A LITTLE BIT.
WE DID, WE WERE PLANNING ON WEEKLY MEETINGS.
I KNOW ONE OF THE THURSDAY NIGHTS IS HALLOWEEN.
WE'RE TO SCRATCH THAT IN OCTOBER AND THEN JUST IN OCTOBER WE MIGHT NEED A LITTLE BIT MORE STAFF TIME IN BETWEEN SO WE CAN ALL DATA.
SO WE'VE ACTUALLY WANT TO
IS IT JERRY THAT STARTED? AND WHO ELSE?
I THINK THOSE AGENDAS ARE CLOSE TO.
RICK MCDELL, JOE AND AND COMMITTEE.
I GUESS THE QUESTION WOULD BE, OBVIOUSLY I THINK MOST OF US BE WITH THE CITY, BUT WILL THERE BE VALUE IN US MAYBE TAKING A GROUP TRIP TOGETHER AT SOMETHING THAT COUNT THIS AREA WANT WE KIND OF NAIL THOSE DOWN AT, AT A DAY IN THE FUTURE FOR THE, WE COULD ACTUALLY SEE IT COULD, I THOUGHT IT WOULD BE INFORMATION THAT, THAT THAT STAFF IS GONNA PROVIDE.
CERTAINLY, UH, THIS SUGGESTION AS AN ALTERNATIVE VERSUS A GROUP TRIP WOULD MAYBE BE, UH, VIDEOS DOCUMENTING THE AREAS YOU HAVE KIND OF A CURRENT VIEW OF THE SITES THAT DON'T REQUIRE ALL OF US.
DO THERE'S SOME OF US HERE THAT HAVE A PROJECT THAT WE WANT TO SEE AT LIST THAT MAY NOT BE ON ANY STUDENT
SO WHERE WOULD YOU SEE THAT FALLING ON YOUR CURRENT ADVICE TIME? I THINK THERE WOULD PROPOSE THAT BEING AFTER YOU HEARD OVER THE NEXT THREE WEEKS THE SPECIFIC PROJECTS.
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AND THEN, THEN THAT SEPTEMBER, THAT FINAL SEPTEMBER WAS WHEN Y'ALL COULD PRESENT YOUR IDEAS AFTER BEING HEARD.OKAY, THEY ALREADY, I'LL ADD INTO THAT.
WE HAVE TO, WE'LL START HAVING THE FUTURE AGENDA ITEMS AT THE END OF OUR
THAT'S THE NEXT ITEM AFTER THIS.
AT THAT POINT I BELIEVE IN THE CHARGE IT'S A MAJORITY OF UH, THE UH, COMMITTEE WANTS A FUTURE AGENDA ITEM, THEN IT CAN BE PLACED ON A FUTURE AGENDA.
AND WHAT THAT REALLY IS, MEANING YOU HAVE ANOTHER CONCEPT, ANOTHER PROJECT IDEA YOU WANT TO EXPLORE, THE MAJORITY OF THE COMMITTEE WANTS TO DO IT AS WELL.
WE COULD PUT IT AT THE FUTURE AGENDA ITEM, BUT IT'S PROBABLY BEST THAT IT KIND OF FLOW AFTER 'CAUSE WE NEED TIME TO PREPARE, PREPARE FOR THOSE.
AND I THINK IT'S FAIR CITY HAS WE DONE A LOT OF WORK FAIR FOR YOU TO PRESENT EVERYTHING WE'VE GOT AND THEN WE'LL SEE IT WHERE MAYBE MY LITTLE PROJECTS ALREADY COVERED BY THE CITY.
IS THAT WHERE WRAPS? I'M PREPARING THE POWERPOINT PRESENTATION.
THE 26TH AND SEPTEMBER IS KIND WHERE I SHOULD SHE WORK? WELL IF YOU HAVE A OR IF YOU HAVE A POWERPOINT IT MAY US TO DO THAT AT THE NEXT MEETING.
AND IF YOU WANNA ARTICULATE YOUR IDEA, AS I WAS SAYING FOR ACTUAL THE COSTING OF THIS, IF WE HAVE TIME TO DO THAT SO WE CAN COME BACK WITH, BUT I, I THINK IT MIGHT WOULD BE NICE TO SAY FUTURE AGENDA MY LIKE TO PROPOSE THIS PROJECT
OKAY, BACK TO THAT PRESENTATION.
BUT I, THAT PRESENTATION THAT WE CAN NEXT WEEK FOR NEXT ONE.
UM, SO WHATEVER OUR IDEA, WHAT GOING ON RIGHT NOW IS AN ACCIDENT, LIKE SOMETHING WAS FREE OR DO WE HAVE TO BRING
'CAUSE WE'RE GONNA BE ABLE, WE'RE GONNA HAVE A LOT OF TIME TALKING ABOUT THESE.
YOU'RE NOT JUST GONNA HEAR ABOUT THE CATHOLIC CENTER AND THEN IT'S DONE.
YOU'RE GONNA HAVE MORE TIME TO TALK ABOUT IT.
SO IT'S PROBABLY BEST TO HEAR WHAT WE HAVE TO PRESENT, KIND OF HOW WE SEE IT FINANCIALLY, STRUCTURED PLANS.
AND THEN IF YOU HAVE ADDITIONAL IDEAS, REQUEST FOR A FUTURE AGENDA, PUT IT ON THE NEXT ONE.
WE CAN GO OVER THAT AND WE CAN COST THAT OUT AND TALK THROUGH IT.
YEAH, SO FOR EXAMPLE, HARVARD, ONCE WE TALK ABOUT THAT, WE'LL GO TO A LOT DIFFERENT COSTS AND AT THAT TIME WE'VE GOT THINGS REALLY CERTAIN.
NEXT, UH, ITEM ON THE ATTENDANCE.
ANY FUTURE AGENDA ITEMS? WE, I SHOW THE ADVANCE TALK ABOUT IT NEXT MEETING.
NOT ANYBODY HAVE ANY FUTURE AGENDA THAT WOULD HAD HAVE AN OPPORTUNITY THAT EVERY MEETING TO HAVE ON
SO, UM, NEED THAT MEANS WE CAN ADJOURN, SHAVE SIX MINUTES OFF MUTE.