Sep 05, 2024 Bond Study Committee

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IS JOE THOMAS, CHAIRMAN OF

[ 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 September 5, 2024 at 6:00 p.m. A meeting of the Bond Study Committee of the City of Garland, Texas will be held on September 5, 2024, at 6:00 p.m. at 217 N. Fifth Street, Garland, Texas in the Goldie Locke Community Room of Charles E. Duckworth Utility Building.]

WE DO HAVE A RUM COMMITTEE TONIGHT AND WE WILL NOW GO TO THE PUBLIC NOTICE AND AGENDA SECTION NOW MEETING BEGINNING WITH ONE COMMENTS REQUIRED.

THANK YOU.

I WILL, UH, NOW READ THE REQUIRED PUBLIC COMMENTS STATEMENT FROM THE AGENDA SHEET.

WHO DESIRE TO ADDRESS THE COMMITTEE ON ANY ITEM ON THE, THE AGENDA WHILE THREE MINUTES SPEAK.

TESTIMONY MAY BE HELD UNTIL ITEMS CONSIDERED OR GIVEN AT THE BEGINNING OF ANY COMMITTEE MEETING.

FINDING TESTIMONY MAY ALSO IN OCCUR ANY TIME SUBJECT TO A REQUEST OF THE MEMBER OF THE COMMITTEE AND WITH THE APPROVAL OF THE COMMITTEE CHAIR SECTION.

UH, DO WE HAVE ANYONE WISHING TO PROVIDE PUBLIC COMMENTS? I SEE NO ONE OPERATING PUBLIC COMMENTS.

WE INCLUDE PUBLIC COMMENTS SECTION.

GO ON TO AGENDA ITEM TWO, MEETING LOGISTICS, WHO ONCE AGAIN MIGHT IN THE GENTLEMAN, WE HAVE MICROPHONES IN FRONT OF THE FOR REASON AND, UH, THESE ARE NOT TO HELP THE RECORDING THAT'S BEING TAKEN CARE OF.

THIS HELP PEOPLE OVER HERE ON THIS SIDE OF THE ROOM BE ABLE TO HEAR US.

SO IF YOU WOULD PLEASE WHEN YOU'RE SPEAKING, NUMBER ONE, TURN ON THE MICROPHONE, GREEN LIGHTS ON YOUR FIRST AND LAST NAME AND THEN PROCEED WITH YOUR COMMENTS.

THAT MICROPHONE NEEDS TO BE ABOUT FOOT AWAY FROM VEGAS, WHICH VIA, SO IF YOU PLEASE, UH, DO THAT.

WE DID BETTER LAST WEEK, BUT, UH, I BEEN ASKED TO REMIND THE, PLEASE USE THE MICROPHONES WHEN WE, UH, MAKE COMMENT.

OKAY, I THREE IS APPROVAL OF THE MINUTES THERE.

ANY CORRECTION THAT ANYBODY SEE? ANYTHING? ALRIGHT, I'LL ENTERTAIN A MOTION ALONG THE MINUTES.

TORRES MOVES.

RICKY, NEILS THE MOTION.

ANY OBJECTION? MINUTES, UH, ARE, ARE APPROVED AS WRITTEN.

THANK YOU, JENNIFER.

YOU'RE WELCOME.

UM, ITEM FOUR, ITEMS FOR INDIVIDUAL CONSIDERATION.

ITEM A WILL ADDRESS QUESTIONS FROM THE OFFICE 29TH MEETING.

SO YES, AND SO STAFF, IF WE WOULD PLEASE SAY YOUR NAME FOR EVERYBODY CAN HEAR APPLIES TO EVERYONE.

MY NAME'S LATISHA MCMA OFFICE.

UM, AFTER YOUR, WITH THE DISCUSSION LAST WEEK, REVIEWING OUR MINUTES, WE ACTUALLY HAD JUST ONE TAKEAWAY TO FOLLOW UP WITH YOU ON AND THAT WAS THE SUGGESTION FOR A TOUR OR AN OPPORTUNITY FOR YOU ALL TO GO OUT AND VISIT EACH OF THE S AREA THROUGHOUT THE CITY.

AND GIVEN THE QUICK TIMELINE THAT WE'RE WORKING ON THROUGH THIS INITIATIVE, PLEASE COME UP WITH A, A SOLUTION THAT WE FEEL, UM, WILL BE HELPFUL AS YOU ALL ARE DOING YOUR HOMEWORK FROM WEEK TO WEEK AFTER YOU COME THROUGH YOUR, UM, REGULAR SCHEDULE BRIEFING IN YOUR PACKETS.

WE PROVIDED, UM, A MAP THAT REALLY ZOOMS IN ON THE TWO, UM, AREAS THAT YOU'LL BE DISCUSSING WITH .

SO THAT'S THE MEDICAL DISTRICT AND TIP NUMBER THREE AND THE FOREST JUPITER WALL AND THE DOUGLAS AREA AS WELL AS IN HARBOR POINT IN TIP TWO AND THE AREA.

SO WE REALLY TRY TO SIMPLIFY THE MAP AND CALL OUT SOME MAJOR INTERSECTIONS OF THOROUGH AFFAIRS THAT'S GUIDED YOU TO DEMAND FROM WEEK TO WEEK BACK WHILE YOU'RE DOING YOUR ANY QUESTIONS? ANY QUESTIONS FOR ISHA? I SEE NONE.

THANK YOU.

UM, I AM BEING PRIORITIZING POTENTIAL PROJECTS, JUSTIFICATIONS AND CRITERIA.

OKAY, SO WE'RE GONNA RECAP A LITTLE BIT.

EVERYBODY'S GOT A NEW LEARNING LEARNING TOOL IN FRONT OF THESE.

YOUR BINDER, YOUR BINDER.

UM, SO HERE'S KIND OF HOW, WHAT WE WANNA DO.

SO WE'VE GIVEN

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WE'LL TALK ABOUT TWO TIP AREAS.

SO WHAT WE DO IS RECEIVE UNFILTERED IDEAS, BUT THEY NEED TO AT LEAST BE IN THESE BUDGETS.

SO HOW THIS WILL GO IS WE'LL TALK ABOUT IDEAS AS WE GO THROUGH THESE CATALYST AREAS.

UM, IT NEEDS TO FIT INTO A CHARGE BUCKET.

WE WANNA OVERTHINK IT.

WE WANNA ANALYZE THIS MAPPING AND BRAINSTORMING, RIGHT? THEN LATER ON, OUR CONSULTING TEAM WILL HELP US GO THROUGH THE ESTIMATING TYPE EXERCISE, COME BACK, MASTER GOT TIMES BE ALLOCATED FOR THIS PRIORITIZATION.

THAT'S WHAT WE'RE TALKING ABOUT, THIS KIND OF THING.

SO TODAY WHEN WE'RE TALKING ABOUT PROJECTS, WE WANT DO BOOK IN A BUCKET.

THOSE, UM, YOU GO THROUGH, WE START PRIORITIZING.

THEN WE'RE GONNA BE THINKING ABOUT, OKAY, NOW WHEN WE'RE CREATING AMENITIES AND DESTINATION, WE'VE DRIVING SALES TAX TO CREATING DESTINATION FOR EXPERIENCES.

UM, IS IT IN A CATALYST AREA? UM, NOW YOU'LL SEE INCENTIVIZING A LOT.

IT'S NOT ITS OWN BUCKET NECESSARILY THIS EXERCISE, BUT YOU MAY SEE WHEN THE TIME COMES TO MAKE A PROJECT HAPPEN, THERE MAY BE A INCENTIVES IN EVERY ONE OF THESE CATEGORIES.

SO, UM, DON'T THINK ABOUT INCENTIVES NECESSARILY AS A BUCKET.

UM, THERE WE'RE GONNA BE, UM, PRIORITIZING BASED ON IMPROVING THE QUALITY OF LIFE THAT'S GONNA BE WALKABLE, MIXED USE, AESTHETICS AND IMAGE.

I THINK THIS ONE IS HUGE.

UM, THIS, THIS KIND OF SET THE RIGHT MOTION FOR THE PLUG.

SAME THING WE PUT IN GATEWAYS, UTILITY INFRASTRUCTURE.

THEN WE'RE ALSO GONNA BE LOOKING AT PRIORITIZING BASED ON RETENTION, EXPANSION AND RECRUITMENT OF BUSINESSES AND EMPLOYERS.

UM, SO THAT THIS CATEGORY HERE THAT AGAIN, LAYING THE SAME WAY.

LAND PREP.

SO FILTERS SEE SO FAR.

1, 1, 1.

JUST QUICK DISTINCTION.

REMEMBER, KNOW THERE'S A LOT OF BOUNDARIES AND LINES ON THAT.

THE SAME, THINK ABOUT A CATALYST AREA PLANNING TOOL AREA AS A FINANCING TOOL.

UM, ANOTHER REASON TO KIND OF CAPTURE IDEAS AS WE GO THROUGH AND FILTER THESE OUT AND PAST TALKED ABOUT EARLIER, THERE'S GONNA BE CERTAIN PROJECTS THAT WE THINK FIT THE BOND PROGRAM FUNDING.

SOME WILL FIT THE CHIP GROWTH THAT'S SEPARATE.

SO WE MIGHT BE ABLE TO MAYBE HAVE CREATED A GREAT IDEA, BUT WE COULD PROBABLY ACHIEVE IT THROUGH THE TIP NOT NECESSARILY BOND PROGRAM.

SO THAT, TURN THIS PART OVER.

THANK YOU.

EVENING EVERYONE.

I'M AGAIN WITH , UM, TO HELP, UM, AND , SOME OF Y'ALL THAT WERE PART OF THE LAST BOND PROGRAM.

REMEMBER THEY WERE A LONG LIST OF PROJECTS AND SPREADSHEETS AND THINGS THAT OF, OF WISHLIST.

AND SO THIS IS A WORKING DOCUMENT THAT WE'LL GIVE Y'ALL EVERY WEEK PAGE A LOT OF OTHER SPREADSHEETS THAT WE'LL LOOK THROUGH AS WE'RE PROCESSING OUT THESE PROJECTS.

AND I'LL JUST KIND OF WALK YOU THROUGH WHAT, WHAT IT IS, BECAUSE I THINK THIS WILL BE A GOOD TOOL AS WE CAPTURE ALL THESE PROJECTS AND OPPORTUNITIES TO GET A BIG COST DOWN HERE AND GET THESE OTHER ARE TO HELP PRIORITIZE THAT WHICH WE'LL DO IN OCTOBER AND THEN IN NOVEMBER WE CAN HELP FIGURE OUT HOW TO PACKAGE THIS INTO A PROPOSITION OR TWO.

SO, UM, THIS IS A BLOW UP OF, OF WHAT THIS IS.

SO WHAT WE'VE GOT BROKEN UP INTO IS THE CATALYST AREAS HAVE THESE SAME BUCKETS.

SO SOME CATALYST AREAS MAY HAVE A LOT OF LAND SIBLING REQUIRED, BUT NOT A LOT OF INFRASTRUCTURE OR VERSA.

SO, UM, THIS IS SOME OF THESE COSTS WE HAVE HIGH AND LOW IN HIGH RIGHT NOW.

MEANING IF WE DON'T WANNA ALLOCATE BOND FUNDS TO THE RECOMMENDATION WOULD BE, BUT JUST KNOW THERE'S A BIG EVEN 20 MILLION .

GOOD SLIDE.

SOME OF THESE ARE VERY CRITICAL, SCALABLE, OTHERS LIKE STRUCTURE ARE TIED TO VERY SPECIFIC WILL HAVE REAL COSTS THAT WE CAN SUBMIT AND CHOOSE OR ARRIVE OF WHAT THIS RECOMMENDATION, UM, REVITALIZATION.

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SO THIS IS A SNAPSHOT OF WHAT WE'LL KIND TO WORK TOWARDS AND BUILD OUT THROUGHOUT THIS MONTH SO THAT THE RUNNING TOTALLY WILL SEE, UM, WILL BE WELL NORTH OF HUNDREDS OF MILLIONS OF DOLLARS THAT IF WE NEED TO PLAY AROUND WITH COMPUTER TO GET IT SO THAT WE'LL USE I EVENT FOR CLARIFICATION MAYBE.

SO, SO THESE TWO ITEMS FOR TONIGHT ARE KIND OF PRE-FILLED WITH SOME NUMBERS, RIGHT? ASSUMING THOSE NUMBERS CAME FROM THE ESTIMATES THAT HE PROVIDED IN THE STUDY BY THE .

SO YOU CAN SEE REAL QUICK WE WERE PREFILLED BY THE STUDY FROM DONE ALL THE REASON TO USE THE PRIORITIES SO THAT WHEN MY TEAM IS THAT, THAT IN THE GRAND SCHEME OF THINGS, WE WANNA MAKE SURE THAT EACH ONE OF THESE, IF WE CHOOSE EACH TABLET, GETS SOME KIND OF ATTENTION.

IT'S ONLY TWO OR THREE ON KIND OF SEE REAL QUICK HOW YOU'RE GONNA HAVE TO PRIORITIZE AND MAKE SOME DECISIONS ON MOST THINGS IMPACT CHAIRMAN AND PRESENT YOURSELF.

BEFORE WE GET TO UH, DEEP INTO , ARE THERE ANY LESSONS LEARNED THAT WE NEED TO BE PAST, UH, CAVEAT HERE, DO WE HAVE UH, IT'S A GOOD QUESTION.

I I THINK YOU'LL FIND THAT STAFF AND THE, AND THE, THE CITY COUNCIL WILL HAVE ALL HAVE SOME KIND OF LESSON LEARNED.

IT WOULD BE DIFFICULT TO RECAP THEM ALL.

I THINK IN GENERAL, UM, THAT'S WHY I THINK THIS PROCESS IS A LITTLE DIFFERENT.

WE PUT A LITTLE BIT OF A PRIORITIZATION PROCESS TO IT BECAUSE MATT SAID YOU GOTTA HAVE A RETURN, YOUR RETURN ON INVESTMENT CAN BE QUANTIFY, CALCULATED SOME LEVEL, SO, AND SOME CAN'T.

SOME, YOU KNOW, ARE QUANTIFY THE A STATUS YOU FIND IMPORTANT.

YOU CAN MAKE SOME INFERENCES.

I THINK THAT'S WHAT I'M SAYING.

DATA DRIVEN IS VERY HELPFUL.

JUST HAVING GOOD INFORMATION TO MAKE SOMEONE, I KNOW THAT IT'S VERY EASY TO FACE THE NEW SHINY FUND .

UM, BUT THEN WE'RE LOOKING FOR BANG FOR OUR BUCK NOW WE'RE, YOU KNOW, LIKE I SAID IN THE 2019 AND PREVIOUS BONDS, WE'VE ADDRESS THINGS THAT ARE ON THE EXPENSE SIDE OF THE BALANCE SHEET.

NOW WE'RE LOOKING AT ADDRESSING FOR THE MOST PART REVENUE INSIDE THE BALANCE SHEET.

SO YEAH, I THINK THERE'S A LOT OF LESSONS LEARNED AND IT JUST, WE GET JUST FILTERED OUT AND PRODUCT FROM COUNCIL .

SO, SO IS MATT.

YEAH, SO YEAH, SO THINGS, SO THINGS THAT ARE, ARE EXPENSIVE THAT MAY OR MAY NOT HAVE A, YOU KNOW, ROAD RANGE.

UM, THINGS THAT YOU GOTTA HAVE BUT ARE DIFFICULT TO SAY.

YEAH, THEY RETURN ON DESTIN.

CERTAIN BUSINESSES WITH DESTINATIONS ARE A LITTLE EASIER FROM ECONOMIC DEVELOPMENT FORMULAS.

CALCULATE THAT.

DON'T THINK ABOUT IT AS A PUREST STEP, BUT IT IS JUST A SHIFT OF, ALRIGHT, NOW WE'VE GOTTA BUILD THINGS THAT, THAT GENERATE REVENUE IN SOME FORM OR FASHION.

SO THE ANIMAL SHELTER BUILT, GENERATE ANY REVENUE BECAUSE YOU GOTTA HAVE IT.

BUT NOW WE'RE TALKING ABOUT, OKAY, IF I'M IN A POSITION THAT TAKE WHERE I WANNA LIVE, WHERE DO I WANNA LIVE? I WANT LIVE IN A PLACE THAT HAS, YOU KNOW, I EXPECT THE WATER TO COME ON AND BE GRATEFUL WHEN IT COMES OFF LIGHT.

INSTEAD, THE STREETS .

I ALSO WANT THE STREETS TO BE ATTACKED.

LANDSCAPES, THAT WANTS NAME WHATEVER CLOSES YOUR BOAT.

YOU WANT THAT.

THAT'S, THAT'S THIS WHAT QUESTIONS CHAIRS, BOB? UM, ANY OF THESE SHARON SHEET WERE COVER.

SO WE ARE TWO CATALYST AREAS A NIGHT AND THAT THERE THEY SHOULD BE ON YOUR MASTER CALENDAR IF I'M NOT MISTAKEN.

THERE'LL BE AN UPDATED ONE.

WE'VE

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BUT IT WILL BE, SO LIKE FOR EXAMPLE, ONE OF THE MEETINGS IN OCTOBER, WE'VE GOT MOST OF OUR STAFF BE OUT AT UH, TEXAS MUNICIPAL LEAGUE.

SO WE SKIP THAT ONE.

SO WE'RE GONNA COVER AT LEAST TWO CATALYST AREAS EACH TIME.

AND THEN I THINK THE FINAL ONE, WE WILL COVER MORE THAN TWO.

SOME HOW MANY CATTLE HERE? ALL THERE'S SEVEN OF THEM.

YEAH.

EACH OF THESE, SOME THE OTHERS THAT ARE NOT CATTLE HERE YEAH.

ARE THIS CATALYST AREAS.

SO WE'RE GONNA TOUCH ON THESE BUCKETS FOR EACH OF THEIR CHILD SPECIFIC AREAS.

THEN WE'VE GOT A PLACEHOLDER DOWN HERE FOR THESE ITEMS THAT MAY NOT FIT WITH AS A PLACEMENT AND THEN THE PROGRAMS EXISTING THAT, RIGHT? SO AS A MATTER OF FACT, THAT'S WE'RE GONNA FOCUS ON, I KNOW SOMETHING OUTSIDE OF THIS.

YES SIR, MOVING BE HELPFUL, BUT I THINK THERE'S GONNA BE A LOT .

OKAY.

YEAH.

AND SO THE IDEA BY THE END OF SEPTEMBER IS WE'VE GOT THIS POPULATED SO Y'ALL CAN SEE THE RANGE.

UM, AND, AND THEN WE HAVE TO GO THROUGH, LIKE WE SAID, THESE ARE THE TWO, THE TWO BIG ONES AND WE'LL TALK A LITTLE BIT TONIGHT ABOUT WHERE THESE KIDS FROM AND THE RATE OF RETURN, UM, BECAUSE THESE HAVE A LOT OF STUDIES EQUIVALENTS, REAL CENT NUMBER STUDIES, SO THAT'S WELL CEILING.

MY THOUGHT IS, AND I HOPE WE'RE CEILING NOT SIT THERE FOR 10 YEARS.

THERE MIGHT BE PROJECTS 10 YEARS, GET IT ALL TOGETHER TO DO.

BUT I'M HOPING SOME STUFF, ALL WE SAID IN THE LAND BOND DEAL, LET'S, LET'S SEE PROGRESS HAPPEN.

SO QUITE CANDIDLY, I THINK IT'S A NON-ISSUE.

IF WE OWN IT OR THE GARLAND FOUNDATION OUT IT PLAY, THERE'S NO LAND SITTING AROUND THAT NEEDS A PURPOSE UNLESS IT'S ALREADY, UNLESS IT'S A PARK OR IF IT'S FLOOD PLAIN OR IF IT'S SOME OTHER PLANNED CITY INFRASTRUCTURE.

UM, ALL THE PARCELS YOU'LL SEE WE HAVE CONTROL OF, IF THERE'S ADDITIONAL THEN WE'LL POINT OUT, WE'LL GET TO AN EVENT.

WE'LL SAY WE NEED LAND HERE, WE GO TO THE LAND ASSEMBLY BUCKET.

BUT NO, YOU WON'T SEE LAND.

THAT'S PLAN.

OKAY.

ALRIGHT.

ANYONE ELSE? OKAY, WELL REAL QUICK, I'LL JUST RECAP A LITTLE BIT ABOUT THE CATALYST AREAS AND THE TIP AREAS AND MAKE SURE EVERYBODY'S WORRIED WHAT THE BOUNDARIES ARE, UM, TO TEE OFF.

UH, SO AGAIN, THESE ARE THE SEVEN THAT WE'LL TALK ABOUT.

UM, HARBOR POINTS IN THE INTERSTATE 30 LIMIT, THAT'S THE .

THIS MAP IS IS IN YOUR PACKET.

THIS AGAIN IS THE AREA THAT WE'RE TALKING ABOUT, SPECIFICALLY HARBOR AND UH, THE MEDICAL DISTRICT.

BUT WE'LL TALK ABOUT OPPORTUNITIES FOR ALL THESE.

AND THE REASON TO FOCUS MORE ON MOSTLY ON THIS IS THERE'S STUDIES, THERE'S A LOT OF THINGS THAT .

SO THAT'S, AND AGAIN, YOU JUST SAW THE FIRST TWO KIND OUTTA MONEY ALREADY.

SO LET'S GET THROUGH THESE.

AND AGAIN, THESE ARE THE TIPS ZONES.

THIS IS WHAT MATT AND ANDY WILL HELP US.

SOME OF THESE PROJECTS AND IDEAS MIGHT BE BETTER SUITED VERSUS THAT'S WHAT .

SO WE ARE SORT OF, AND AGAIN, I WANNA GO THROUGH THIS AGAIN, THE SAME SLIDE SAW LAST SOME OF THE THE PARTY BEST STRATEGY.

UM, SO WITH THAT, I'M GONNA TURN IT OVER, UH, TO ANDY TO TALK ABOUT PUBLIC POINTS SPECIFICALLY CHIME IN AS, SO I THINK WE'RE GONNA PROBABLY NEED AND, AND, UH, ANGELA HERE ALSO FOR, TO BACK UP WHEN I GET OUTBOUND.

SO GREAT OFF THE FACTS.

INSTRUMENTAL IN FACILITATING THIS PROJECT.

UM, WE'LL GO THROUGH, I WON'T READ ALL THIS BECAUSE YOU GOT IT IN YOUR PACKET, BUT WE LOOK AT CATALYST AREAS.

UM, THIS IS KIND OF, AGAIN, IT'S PLANNING TOOL AND A PLANNING DOCUMENT THAT YOU GO THROUGH THIS EXERCISE AND SPECIFICALLY

[00:20:01]

AND THAT IS LY UH, TO SPARK SOMETHING HERE, RIGHT? SHOOT, SHE, SHE HAD SOME IDEAS.

WE WILL, WE WON.

MAKE SURE WE CAPITALIZE.

UM, SO HERE'S WHAT WE'RE LOOKING AT.

UM, CATTLE'S AREA IS MUCH LARGER RIGHT THERE, BUT THE HARBOR POINT KIND OF THE, THE MAIN FOCUS OF THIS PARTICULAR STUDY, UH, AS YOU CAN KIND OF SEE THAT A LOT OF THIS IS GONNA BE A REDEVELOPMENT OPPORTUNITY, DENSITY OPPORTUNITY, UH, POSSIBLY SOME TRAILS OR ACCESS TO THE LAKE KIND OF OPPORTUNITIES.

UM, THE KEY ASSETS ARE OBVIOUSLY THE LAKE.

WE ALL AGREE.

UM, THERE ARE A FEW LARGE LAND TRACKS BE ON ONE OF THEM AS THROW WITH THE REGIONAL ANCHOR.

UM, I THINK SOME STRATEGIES WE'RE LOOKING AT HERE IS ARE UM, I THINK WE WANT BE A LITTLE DIFFERENT THAN WHAT'S BEING BUILT ON THE OTHER SIDE.

MY IDEA, BUT MY OPINION, I FEEL LIKE THIS IS AN OPPORTUNITY FOR, THEY CALL A LIFESTYLE, UM, LIVE WORK PLAY KIND OF AREA.

SO MAYBE IT'S COMMINGLED WITH OPEN SPACES AND TRAILS AND GUESS IT MAY HAVE A MULTIFAMILY IN IT, BUT IT'S, IT'S THAT THING THAT CAN BE RIGHT OUT THE FRONT.

UM, AND SO THAT WE BE LOOKING FOR SOME STRATEGIES TO PROVIDE THOSE CONNECTIONS.

UM, A LOT GOING ON IN HERE.

THIS IS THE ENTIRE CATALYST AREA.

THEN YOU'RE GONNA HAVE SUB AREAS.

AGAIN, I THINK TONIGHT HERE.

UM, A LOT OF THE DISCUSSION, BUT DON'T FORGET ABOUT THE REST OF IT.

UM, ONE OF THE THINGS THAT, THE BIG DEAL TO ME IS A PARKING REC PERSON IS FOR OF APPEAL.

YOU'RE DRIVING DOWN I 30 AND I COULD ONE OF THOSE INTERSECTIONS WITH THE FRONT DOOR OPPORTUNITY.

THAT LOOKS GOOD, DOESN'T.

UM, SO THROW THOSE IDEAS OUT THERE IN THE CATALYST.

WE WANT TO TALK ABOUT CORRIDOR GATEWAY.

KNOW NOW WE DO HAVE SOME LIMITED, UM, LIGHT OF WAY OPPORTUNITIES.

SO ACTUALLY GET LESS SPACE FOR LANDSCAPING, BUT WE STILL ARE, WE'RE GONNA MEET WITH THEM SOON, IDENTIFY WHAT THAT EXPANSION LOOKS LIKE.

THEY ARE PLANNING ON DOING WHAT THEY CALL FLIP THE STACK.

SO RIGHT NOW, MASS PRO GOES OVER, EVENTUALLY GO DOWN THE GROUND LEVEL AND I THREE WILL GO OVER, BUT WE ALREADY HAVE SOME IDEAS THERE AND PROJECTS THAT ARE FUNDED, SOME NOT FUNDED, WHERE, UM, ASPRO WILL GO THROUGH UNDERNEATH AND WE'LL HAVE, UM, A PIPE LANE ON STREET AND PIPE LANE .

SO IT'S GONNA BE GREAT CONNECTION BETWEEN ASPRO AND, AND THE HOTEL AND UH, UM, DOING GREAT .

UM, YEAH, GO FOR IT.

UM, THE, WE TALKED ABOUT THE OPPORTUNITIES, BUT THE, THESE ARE A LOT OF STUDIES THAT THE CITY HAS HAS DONE THE ENVISION GARLAND COMP PLAN AND THE I 34 CATALYST THAT ARE TO THE PARKS AND REC STRATEGIC MASTER PLAN AND THE TRAILS AND S MASTER PLAN CULTURAL PLAN.

AND THIS IS THE LATEST SOUTHERN GEORGIA TURNPIKE AREA PLAN.

AND THAT'S WHAT WE'RE GONNA WALK THROUGH.

A LOT OF THESE PLANS HAVE BEEN IN THE WORKS FOR, FOR YEARS AND MANY OF THEM, INCLUDING THE LATEST ONE, HAVE BROKEN UP THE AREA AND HAVE DONE SOME MASTER PLANNING STUDIED AREAS THAT HAVE IDENTIFIED SOME QUICK PLANS AND OPPORTUNITIES.

AND THAT'S PART OF WHAT THE COST COST.

SO YES, THINGS', PEOPLE RECOGNIZING WHAT THE AND IT'S VERY EASY TO GO RUNNING DOWN I 30.

YOU NEVER KNOW YOU'RE NEAR GARLAND.

IT'S EASY TO GET INSIDE OF GARLAND AND NEVER GAR AND TO GET ALSO THE CAR LOT YOU NEVER GET.

SO IT'S SOMETHING TO THINK ABOUT.

WE'VE GOT SOME NICE SIGHTINGS THAT GONE ON IN PLACES, BUT IT'S JUST A MENT POINT.

YOU ARE SPOT ON.

THAT'S WHY THIS GETS ITS OWN CATEGORY.

UM, I THINK THERE'S A LOT OF THINGS FROM UP HERE.

UM, YOU, YOU'VE NAILED EXACTLY WHAT WE'RE TALKING ABOUT WHEN YOU COME HAVE MY OWN FAMILY , WHATEVER IT IS SUCH A LARGE CITY CRAZY BOUNDARY.

BUT WHEN WE TALK ABOUT GIFTS, SO TO ME A GATEWAY IS THAT ENTRY POINTS CORRIDORS THE LINE.

IT'S A LONG ROAD.

SO YOU MIGHT HAVE A, UM, GATEWAY OPPORTUNITY IN SHILOH AND TOWARDS BUSH.

YOU HAVE A LARGE EXCESS OF RIGHT OF WAY, HAS A PRESCHOOL, STONE WALL AND LANDSCAPE.

CAN'T SEE IT, BUT HOW COOL WOULD IT BE TO HAVE A GIANT SIGN THERE THAT

[00:25:01]

SO I, I TALKED TO MY COUNTERPART, HE'S NOT HERE, PHIL ACTUALLY ONE OF HIS DEPART SAID, MAN, YOU GOTTA GET YOU A NEW SIGN OFF 14.

IT'S A BEAUTIFUL, BEAUTIFUL GOLF COURSE.

WELL THAT SIGN PRETTY OUTDATED.

IT NEEDS TO BE REFRESHED TO DO EXACTLY WHAT YOU'RE TALKING ABOUT.

SO, SO WHAT'S IN THIS, THIS PLAN? IT'S GOT LONG TERM VISION DUE TO THE FUTURE EXPANSION , A LOT OF SPECIFIC PLAN AREAS, SCENARIOS, OPPORTUNITIES, CONSTRAINTS, AND IT'S, IT'S GOT A LOT OF GREATER RETURN ON THE INVESTMENT NUMBERS THAT WE'LL GO THROUGH ON WHAT THAT PROPERTY VALUE BASED VALUE BACK NOW AND WHAT IT COULD BE.

UM, SO THAT'S WHERE MATT CAN HELP US DETERMINE HOW MUCH REVENUE THAT WOULD DO.

SO WE'LL SHARE ALL THAT.

UM, AND THEN IT'S GOT AN IMPLEMENTATION PLAN.

THAT'S WHERE A LOT OF THE, SO UM, THIS IS THE, UM, OVERALL PLAN AND I CHINA TO WALK THROUGH EACH ONE.

IT'S GOOD.

UM, THE CONNECTIVITY, ALL OF THESE DIFFERENT COLORS ARE NEIGHBORHOOD RESIDENTIAL, MIXED CUBE URBAN FOR THINGS THAT WILL, UM, GENERATE A LOT OF THOSE GAS LINES ARE .

THERE'S A LOT OF INFRASTRUCTURE OPPORTUNITIES HERE.

UM, BUT IT'S A .

SO, UM, THE OPPORTUNITIES THERE, THERE'S SOME VACANT PARCELS.

NOW THERE'S SOME PUBLIC SPACE OWNED BY, BY BY THE CITY.

IT'S, IT'S SUPPOSED TO AND IT'S GOING TO HAVE A PRETTY WELL CONNECTED TRANSPORTATION.

UM, THE THE CONSTRAINTS ARE, ARE ZONING.

THE, THE FRAGMENTED PROPERTY OWNERSHIP.

THIS ISN'T ONE OR TWO PROPERTY OWNERS .

SO THAT IS THE ONE OF THE BIGGEST CHALLENGES STRAINS.

UM, AND AND PART OF TO ADDRESS THAT IS THERE'S FIVE DIFFERENT DEFINED AREAS AND EACH AREA HAS GOT A, A LOOK THAT GOT ITS OWN PLAN.

UM, SO FOR EXAMPLE, FOCUS AREA ONE IS THIS, UM, AREA TO THE NORTH SIDE JOINT, UM, A LOT OF, A LOT OF HOUSING, WHICH THE, EACH OF THOSE BIGGER ARE THE RECREATIONAL ASSETS AND THE OPPORTUNITIES.

PARKING ON AND PARCEL SIDE, SORRY, OH, IS THIS AREA NOW THIS IS WHERE WHAT WE SPEND THE, THE COLORS ON THE MAP.

THIS IS, YOU'VE GOT ALL OF THIS IN YOUR PACKET, BUT THE, THE PINK ON THIS MAP IS MIXED COMMERCIAL.

IT'S ABOUT 32 ACRES AND THEN THE ORANGE IS RESIDENTIAL.

SO ALL OF THE ORANGE IS IS RESIDENTIAL INVESTMENT .

SO THE, THE NICHE THING ABOUT THIS IS TODAY THAT 40 ACRES OF MIXED GRADE RESIDENTIAL HAVE A CURRENT VALUE .

UM, IF IT'S, IF IT'S DEVELOPED, IT HAS THE POTENTIAL TO HAVE THE TAXABLE VALUE OF 200.

SO THAT, THAT'S, THAT'S A BIG INCREASE ON THIS TRANSIT.

SO SAME THAT ON THE TABLE, SAME WITH MIXED COMMERCIAL.

THERE'S 32 ACRES IN THE ZONING MINE RIGHT NOW IT'S WORTH $13 MILLION OF TACTICAL VALUE HAS THE POTENTIAL TO BE 77 MILLION.

UM, BUT ALSO THAT BRINGS ONE.

SO, UM, THIS IS WHERE MATT CAN HELP US DETERMINE, BUT YOU CAN KIND OF SEE THAT TODAY THAT

[00:30:01]

THIS PLAN IT BE WORTH 300.

SO THAT IS, UM, PART OF WHY THIS IS SUCH A .

AND THEN WE'VE GOT ALL OF THIS DATA EACH MONTH.

SO NORTH POINT, THIS IS WHERE MASS PRO IS, THIS IS AGAIN THE, THERE IS OPPORTUNITY FOR MORE MIXED USE AND THIS IS SOME MORE HOUSING.

LEVERAGE THE RA SITTING ON THE PROPERTIES, THE, THE PARKING LOT AND CREATE A SENSE OF ARRIVAL THAT BIG LITTLE STARS THAT , UH, TO CREATE A SENSE OF PLACE AND LET FOLKS KNOW YOU'RE ARRIVING AT.

AND AGAIN, THIS IS ANOTHER GRAPHIC RIGHT NOW THAT, UM, 25 ACRES IS, IS WORTH 50 MILLION THAT HAS THE POTENTIAL TO GROW PRETTY SMOOTH.

UH, THE SOUTH POINT IS A SOUTH OF GROWTH.

AGAIN, ALL THE, THE YELLOW IS, IS MIXED USE, WHICH ALSO BRINGS IN SALES TAX REVENUE, ALL THE SAME, SAME MIXED COMMERCIAL WORK, OPEN SPACE AND PART , THOSE NON NON REVENUE GENERATING, UM, AMENITIES.

BUT, BUT IT'S A GOOD THING.

SIMPLE AS IN THE TRADITIONAL SENSE BY THE WAY.

AND THE, OUR OTHER STUDIES AND CALCULATIONS THAT WILL, THAT WILL TELL YOU THAT WITHIN A CERTAIN DISTANCE OF A PARK VALUE OF LAND TENDS TO BE HIGHER FROM PRINCIPLES.

SO YOU CAN HAVE A HOUSE, YOU KNOW, PARK IS A BLOCK AWAY.

YOU MIGHT PAY 20% PREMIUM, 3% OF BLOCKS AWAY, WHATEVER IN A PLACE LIKE THIS WHEN YOU'RE ON THE WATER.

UH, THAT INVESTMENT I THINK FOR PUBLIC DEPARTMENT WILL ABSOLUTELY WILL ITSELF VALUE OF FOCUS AREA FOUR IS ONE SECOND.

YES.

UH, THE, THE WATER SHOULD BE FRESH.

WHAT THE CONSIDERATION USE GONNA HAVE 15, 20, 30, YES AND NO.

UM, YOU KNOW THAT THOUSAND WATER.

SO WE, WE DON'T GENERALLY OPEN NETWORK ON THE INSIDE THE POND BECAUSE IT IMPACTED THE SUMMERTIME WHEN YOU HAVE SEVERE DROUGHTS.

WE PROBABLY HAD ONE YEAR, SOME OF US WERE MOWING THE BOTTOM OF THE LAKE.

SO THE WATER, IT HAPPENS, THE GOOD NEWS ABOUT THIS LAKE THAT IT, THEY DON'T CALL IT A COMFORT LEVEL LAKE BECAUSE NOT IT WILL FLUCTUATE, GIVES YOU GOT 3, 4, 5, 6 FEET DOWN.

BUT IN A NON HEAVY DROUGHT YEAR, THEY WILL GENERALLY CONTROL THE WEIGHT LEVEL AT GAIN.

UM, IT'S ON THE, ON THE FAR END.

SO THEY, THEY WILL GENERALLY, IT, IT IS NOT A, IT IS NOT THEIR FIRST DRAW WATER SUPPLY DOWN LIST.

REPLACE IN GENERAL.

THE LAKE IS NOT EVERYBODY'S , BUT IT'S NOT LIKE WHAT YOU'LL SEE IN, BUT THAT'S THE PRIMARY WATER SOURCE.

THIS IS NOT GOOD QUESTION EIGHT, FIVE, FRONT POVERTY, THE WATER ITSELF TERMS NOT MITIGATING FACTOR.

NOW.

SO THE, THE DIFFERENCE IS, IS WHAT WE WOULD LIKE TO CONTROL AND INVEST IN COULD BE WATERFRONT ADJACENCY, WHETHER IT BE A FOUR WALK TYPE THING OR TRAIL ON THE TOP OF THE GROCERY OR JUST HAVING FAMILY OVERLOOKING FOR ANCHOR VALUE.

NOW WHAT YOU'RE TALKING ABOUT WHERE YOU CAN GET INTO PROBLEM WITH THE, YOU OWN A MARINE, YOU INVESTED IN A MARINE, YOU ARE ABSOLUTELY BEHOLDEN TO THAT FLUCTUATION NECESSARILY , IT RIDES UP SUPER, SUPER BAD.

WE GOT, UM,

[00:35:01]

SO THIS SIDE, YEAH, SO, SO THE WIND JUST SO HAPPENS TO DEPOSIT ALL OF THE DEBRIS RIGHT HERE.

I'LL TELL YOU THE CHALLENGE WITH IT.

YOU HAVE THE INTERLOCAL AGREEMENT WITH DALLAS.

IT HAS THIS NICE WARM AND FUZZY CHAPTER THAT TALKS ABOUT TRASH.

UM, AND IT SAYS THAT THE DALLAS AND GARLAND MUTUALLY AGREE THAT IT'S A MUTUAL PROBLEM.

WE'LL WORK TOGETHER MUTUALLY FIX THE PROBLEM.

WELL I'VE NEVER SEEN THEM IN ANY OF MY CLINICS EITHER WITH MY CREW OR WITH VOLUNTEERS.

SO THAT'S OPERATIONAL.

IT'S A BIG DEAL TO US.

WE'VE GOT, WE ACTUALLY KIND OF BUDGETED FOR A VOLUNTEER COORDINATOR POSITION PERSON WILL BE VERY IMPACTED AND AGGRESSIVELY SCHEDULING THESE TYPE OF CLEANUPS.

SO THOSE, IT IT'S ENORMOUS, ENORMOUS UNDERTAKING.

MANAGE TRASH.

10 MONTHS I GUESS MY , I MEAN THAT'S A LOT ABOUT WHAT WE'RE DOING, BUT WHAT'S BALANCE DOING? NOTHING.

AND THEY WON'T, UH, I'M NOT BEING DEROGATORY.

THEY DON'T HAVE RESOURCES EITHER THEIR, THEIR OFFICE THAT MANAGES IS LATE WITH LIKE THREE PEOPLE.

UM, AND SO WHAT I WOULD SAY THOUGH IS, IS LET'S SAY I'VE GOT X AMOUNT OF DOLLARS TO MAINTAIN TRASH THROUGH WHATEVER EFFORTS FOR THE WHOLE AREA.

WELL WE MIGHT BE WISE TO FOCUS OUR EFFORTS ON AN AREA WE JUST INVESTED IN.

PROBABLY WHAT YOU'RE GETTING, WE'RE GONNA INVEST IN ALL THIS.

WE MIGHT NEED TO STEP UP OUR EFFORTS ON JUST WRAP HERE, HERE.

CITY AND LAST ONE, SORRY.

UM, I GUESS HAS THERE BEEN ANY IDENTIFICATION OF LIKE WHERE IT'S COMING FROM? IS IT COMING OUT OF THE CREEK? IS IT BEING DUMP EVERYWHERE AND IT DEPENDS ON THE WIND, YOU KNOW, I MEAN IT'S INSIDE THE SOUTHEAST POST THE SUMMER AND THEN IT SW SWITCHES AND COMES OUT OF THE NORTH.

SO THIS IS A CATCH AREA.

A LOT OF IT COMES OUT AROUND ON THAT SIDE AND, AND I RECOGNIZE, I MEAN IT'S JUST THINK ABOUT IT THIS WAY.

IT'S WHATEVER'S IN THE PARKING LOTS THINGS UP HERE.

SO THAT'S WHY WE HAVE RESTIVE STORMWATER PROGRAM.

WE HAVE A STREET SERVING PROGRAM.

SO IT'S AN ISSUE BUT IT'S ALSO, IT'S BEHE.

BUT YOU BRING UP AN INTERESTING POINT, I THINK IMPORTANT TO STRATEGIZE OPERATIONAL EFFORTS WE NEED BEST.

SO ANY POSSIBILITY OF PUTTING, I DON'T THINK IT'S ENOUGH.

UM, THIS AREA DOESN'T, I DON'T THINK THAT PERMIT, UM, IF THEY, IF THEY, IF YOU LOOK AT NATIONWIDE AND STATEWIDE WIND MAPS, WE'RE NOT IN AN AREA THAT TO GENERATE , UH, CHIP VAN, UH, I WAS JUST READING, REMOVE BARRIERS FROM RESIDENT DIVERSITY.

IMPORTANT IS THINGS ANGELA, THE DIVERSITY, HAVING A VARIETY OF INCOME LEVELS, WHETHER YOU'RE HAVING WORKERS OR, OR YOU KNOW, WORKING FROM HOME, WORKING, UH, IN OFFICE AREA, BUT ALSO VISITORS.

SO YOU REALLY WANNA HAVE, UM, ANYTHING THAT BRINGS A DIVERSITY OF INCOME LEVELS TO THIS AREA, TO THE WORKSHOP PLAY, UH, IN .

I THINK THE OTHER IDEA WITH ALL OF THESE IS THESE ARE THINGS THAT DEVELOPMENT IS GOING TO HAVE TO, TO DO TO MAKE THE PLAN VIABLE.

LIKE IMPROVE VEHICULAR BEST MOBILITY, IMPROVE MAYBE THE FINDING.

SO THAT'S, THAT'S SOME IDEAS.

THESE INFRASTRUCTURE, THESE BRAINING, THESE THINGS THE CITY CAN DO ANYTHING DO INCENTIVIZE THAT THEY'RE GOING TO NEED TO DO ANYWAY BECAUSE THEIR COST

[00:40:01]

I THINK I WOULD GOOD QUESTION.

I THINK WHAT I WOULD AGREED THAT AS EVERYTHING BALANCE, UM, BECAUSE ON THE CONVERSE WHAT WE THINK THAT MIGHT BE IMPLYING, THIS AREA ACTUALLY HAS A SIGNIFICANT AMOUNT OF LOW INCOME HOUSING.

UM, THEY'RE THERE, UH, THEY'RE SOME ARE NOT TO ASPIRE.

THE ONE IS BRAND NEW, SO HAS A VERY LARGE AMOUNT THERE.

OUR NEIGHBORS, UM, POTENTIAL LOW INCOME GOING, THERE'S THRESHOLDS WE PERCENT I 60% WIND BAY AGAIN THAT, THAT LAND, UM, AL 10 .

UM, THIS ONE WILL HAVE SOME NEW, NEW HIGHWAY FRONTAGES, UM, IMPROVE THE PUBLIC SPACES AND RIGHT OF WAY, UM, CREATE REGIONAL THERE OPPORTUNITY ALSO WITH THE ROADWAY ZONE.

ANOTHER ONE WHERE BROKEN UP INTO MIXED USE MAKES.

SO I'LL TOUCH ON THIS AND THEN, UM, THE, THE IMPLEMENTATION OF THIS.

SO PART OF THE STUDY IDENTIFIES WHAT IT'S GONNA TAKE TO, TO MAKE ALL THIS HAPPEN.

AND AGAIN, THERE'S THAT 10 AND 20 YEARS BUT EACH PLAN COULD HAVE ITS OWN TIMELINE PART OF THAT.

SO, UM, THE IMPLEMENTATION PLAN IDENTIFIED THAT WE NEED TO EXPLORE FUNDING OPTIONS AVAILABLE COMBINED RESOURCES FOR FORMALIZE CONSTRUCTION THAT ALLOWS, THAT'S BEEN, AND AGAIN THE OPPORTUNITY IS TO MAXIMIZE THE EXISTING TAX BASE SALES.

UM, THESE ARE A COUPLE SCREENSHOTS AND I KNOW THEY'RE HARD TO SEE.

I THINK THE NEXT SLIDE SHOWED .

BUT THIS IS AN OVERALL STUDY AREA OF RECOMMENDATION IN THE IMPLEMENTATION TIME.

SO THERE ARE A LOT OF DIFFERENT THINGS IN HERE.

SHORT TERM THINGS THE CITY CAN BE DOING MIDTERM, LONG TERM ONGOING AND THESE IDENTIFIED A LOT OF POTENTIAL BOND POPULATIONS FOR THEY COULD BE BASED IN OUR TO HELP SPUR AND SPARK MORE ACTIVITY.

AND THEN THIS LAST ONE IS ANOTHER LIST OF, OF THE TOP 10 KEY OBJECTIVES TO GET THIS THING.

SO PARTNER WITH EXISTING COMMERCIAL THAT TO REDEVELOP ORDER PROPERTIES WITHIN THE STUDY AREA SO THAT THAT'S FITTING , UM, UPDATE THE CITY'S MASTER THERAPY PROGRAM TO ALIGN WITH THE ROADWAYS AND NETWORKS AND MANY, UM, START UM, IMPROVING THAT INFRASTRUCTURE.

BUT AGAIN IT COMES WITH PLAN ACQUISITION, COORDINATE WITH TO INTEGRATE THE STUDY AREAS BRANDING SCHEME INTO THE PAST PROGRAM.

TO YOUR POINT, THE BRANDING IDENTITY, THAT WAS A BIG ONE.

MENT OF ARE CONSTRUCTIVE, PROPOSED SIGNATURE MARKETING .

SO THESE ARE ALSO POTENTIAL THINGS THAT WE'VE ADDED UP.

THE LAND IS A LINE ITEM SPREADSHEET, TAKING THAT OUT, ALL OF THESE.

AND THEN YOU HAVE, SO AGAIN, WHAT CAN WE DO WITH THE BARN FUNDS? LAND ASSEMBLAGE IS A, IS A BIG ONE.

UPDATE THE THOROUGHFARE PLAN AND START IN PERMITING.

SUBMIT DISRUPTION PROGRAM, FACILITATE REDEVELOPMENT OF THE CITY ON PROPERTY, UM, OVERBY MASS ROAD CONSTRUCT, A SIGNATURE DISTRICT ROUNDABOUT GATEWAY, PART OF THAT BUCKET.

AND THEN ALSO PLAN, UH, THE LOCUS ROAD ROAD TRIP.

SO THESE WERE A LOT OF THE S THAT UP THAT WE'LL JUST OPEN IT UP DISCUSSION AND

[00:45:06]

UM, THE PERSON THAT SOMETIMES LIKE A SEDATION MUSIC VENUE, UM, PROBABLY RIGHT BUCKET ALONG LINES OF UM, OR ABOUT 70 GRAND ARE ABLE, UM, INDOORS OUTDOOR.

MM-HMM CHIP, I I JUST HAD A QUICK POINT.

I MEAN QUESTION ABOUT BACK IN THE TAX THINGS, THE FOCUS AREA TOO NORTH POINT, UH, THE LAKESIDE COMMERCIAL, UH, INCREASE IN POTENTIAL IMPACT VALUE.

IS THAT CONCERN ? WHAT? LAKESIDE COMMERCIAL.

ANGELA, DO YOU REMEMBER WHAT I WONDERED THAT TOO.

I SAW THAT.

I COULDN'T REMEMBER.

WHAT'S THAT THAT MEANT TO YOU? REPEAT THE QUESTION.

YEAH, THIS, THIS ONE LAKESIDE COMMERCIAL VALUATION NOW'S 22 MILLION GOES DOWN 18 MILLION.

SO RIGHT NOW THAT IS NOT UNDER UM, A AND SO THE IDEA THAT IT WOULD IMPROVE, IT MIGHT BE A PARTNERSHIP BETWEEN THE UM, FOR THE OWNER OF THAT PROPERTY HOME, UM, UM, IT WOULD NOT BE INCLUDED AS THE PRESIDENT.

SO IT'S JUST SUBTRACTING BY LANGUAGE, IT'S SUBTRACTING THE VALUE.

SO THAT'S FINE.

SO FOR EXAMPLE, THAT IS UM, PUBLIC OPEN FAITH.

THE IDEA THAT WE DON'T WANT TO ENCOURAGE THAT, UH, PUBLIC ACCESS, WHETHER YOU CAN BE A RECREATION WITH COMMUNITY THAT DOESN'T NECESSARILY ADD A PACK OF VALUE.

RIGHT.

PERFECT.

SO THAT NOW I REMEMBER.

SO THANK YOU FOR THAT.

SO WHAT THIS IS SHOWING THEN, THIS, THIS IS A BOARDWALK, THIS IS A, A TRAILER THAT WE TALKED ABOUT THAT KIND OF MEANDERS OFF AND ON LAND RIGHT NOW.

THERE THERE'S, SO THIS IS BEHIND BASS ROAD, THERE'S SOME RESTAURANTS HERE AND THERE'S TWO VACANT SPOTS IN A VACANT LOT IN THE BIG PARKING LOT.

THERE IS NO ACCESS TO THE LAKE HALL BACK HERE AS YOU'RE SITTING ON SOME TYPE OF PATIO.

WHAT THAT MEANS IS WE WOULD WORK WITH DALLAS TO HAVE SOME KIND OF PUBLIC OVER THE WATER FARM, THE WATER EXPERIENCE, KNOW ANYTHING YOU DO ON THE WATER ENHANCE SOMEBODY, BUSINESS OWNER DESIRE TO START OR OPERATE BUSINESS THERE, HOMES KIND MULTI THERE.

UM, WELCOME.

UM, THEREFORE THE RESTAURANT ARE, THERE'S FOUR CORRECT? MM-HMM ? UH, I THINK SO, YEAH.

ARE THOSE ALL ABOUT SAME? AND I THINK LAST WEEK YOU HAD MENTIONED SOMETHING ABOUT WANTING SOME KIND OF PARTNERSHIP WITH HIM.

CORRECT.

SO THAT SAME PERSON OWNS, THAT OWNS THE INFRASTRUCTURE OF BA ROAD, NOT THE LAND.

AND THEN HE OWNS PROPERTY OVER HERE, A COUPLE BANK BLOCKS THERE.

THERE IS AN INTEREST FOR MULTIFAMILY TO DO EXACTLY WHAT THIS IS INTENDED TO DO.

HE OWNS THAT 50 LOT NEXT TO THE COUGARS.

WE OWN THE PARKING LOT NEXT TO IT.

IT REALLY NEVER GETS USED.

IT COULD BE CONVERTED.

SO WHAT WE WOULD DO IS USE THAT PARCEL WORK WITH HIM AS EITHER AN INCENTIVE, SELL IT, HE SAID WHATEVER WE'LL KNOW HE COULD THEN GO VERTICAL ON IT.

AS LONG AS I GOT FULL ACCESS UNDERNEATH HIS WHOLE FAMILY, THAT'S WHAT I WOULD REFERRING TO.

IT GOT THIS RANDOM CHUNK OF LAND THAT ACTUALLY KIND OF HELPS US .

OKAY.

AND THEN JUMPING I TO THE ONE SIDE, YOU'VE ALSO MENTIONED SEVERAL TIMES THAT WE'RE IN SOME KIND OF PARTNERSHIP WITH THE BOUTIQUE HOTEL, CORRECT? UH, SAY THAT ON THAT'S SOMETHING THAT'S ALREADY GOING ON.

THAT IS THIS PARCEL RIGHT HERE.

ABOUT 4, 5, 6 ACRES BOUGHT, USED TO BE IN CEILING HOME TRAILER HOUSE.

THEY SOLD IT, PUT A HOTEL HERE WORKING WITH THEM AND HAVE ACCESS TO THE PARK AND TO THE HOTEL.

HOW MANY ROOMS? TIME FRAME ROOMS. YEAH.

WELL I CAN'T REMEMBER HOW MANY KEYS THAT HAS.

DO YOU REMEMBER OR HOTEL? MANY

[00:50:01]

THAT SOUND ABOUT RIGHT? YEAH, YEAH.

BECAUSE YOU GOT A COMBINATION OF VIRTUAL HOTEL TRADITIONAL ROOMS AND THEN YOU GOT VANS AROUND THE OUTSIDE.

THEY'RE PRETTY COOL.

THEY'VE MADE APPLICATION, THEY'RE, WE KNOW THEY'RE MOVING FORWARD, THEY'RE LEAVING THE DIRT COMING.

WE ARE WORKING WITH THEM SPECIFICALLY TO GET EASEMENTS AND ACCESS TO A LITTLE BIT GRANT MONEY TO HELP IMPROVE THAT.

MAKE THAT UM, LAND YOU'RE TALKING ABOUT THAT.

ARE THERE ANY PRIVATE SINGLE THAT YOU IDENTIFY THAT ARE LOOKING? SO GENERALLY SPEAKING WE HAVEN'T GOTTEN TO THAT ANALYSIS QUITE YET.

THERE, THERE WOULD BE FOR EXAMPLE, LIKE THIS EXTENSION THAT WOULD FEEL LIKE, SO YOU SEE A LOT OF ROAD ALIGNMENT.

UM, THAT WOULD SOME, YOU KNOW, THAT WOULD TARGET PARCELS UNKNOWN AT THIS POINT.

UM, NTTA IS THEIR ALIGNMENT AS YOU CAN SEE THE IMPACT HERE.

UM, THERE'S ALSO AN OPPORTUNITY.

SO IT COMES THROUGH HERE.

THEY DO THEIR THING HERE.

AS YOU NOTICED ON THE, PROBABLY YOU REMEMBER WHEN GEORGE BUSH WENT NORTH, THE OPPORTUNITY TO CAME ADJACENT TO THE CREDIT ROAD WAS CRAZY.

WE ANTICIPATE THAT HAPPENING HERE TO THE POINT WHERE WE WORK QUITE A BIT WHO ADD FRONTAGE WITH MORE FRONTAGE HERE THAN THE ORIGINAL POINT.

UM, SO BACK TO YOUR QUESTION THERE, THERE ARE SOME LARGER PARCELS THAT WE MIGHT LOOK FOR.

LIKE THERE'S SOME, SOME OLDER MULTIFAMILY FOR EXAMPLE.

UM, THERE'S A COUPLE OF PARCELS IF I REMEMBER CORRECTLY THAT ARE EMPTY RIGHT NOW.

UM, THINK THERE'S JUST AN OLD SLAB LEFT ON 'EM.

PROBABLY THERE'S NOT HANDFUL FULL LARGER MULTIFAMILY THAT WE'VE GOT OUR EYE ON.

SO I, SO I, GOOD I'M GONNA ADD PLAN.

ASKING THE PRIORITY FOR THIS AREA.

WE MAKE ALL THESE GREAT PLANS WE PUT IN FIVE YEARS DOWN THE ROAD.

25 SET.

YEAH, NO, I THINK, I THINK AGAIN WHEN WE GO TO PRIORITIZE ALL THIS, WE HAVE TO BE VERY STRATEGIC ABOUT WHICH PARCELS WE BUY.

I CAN'T IMAGINE THAT ONE OR TWO RESIDENTIAL SINGLE AVENUE IS GONNA HAVE MUCH VALUE.

IT'S GONNA BE THE BIGGER PIECES.

'CAUSE I THINK, YOU KNOW, LITTLE THUMB IS, IS THE ONLY WAY YOU CAN CONTROL LAND IS TO OWN AND OWN IT.

WE CAN ALSO HAVE CONTROL IF WE REONE, WHICH IS A HASSLE COST, ANYTHING WE DO.

SO WHEN IT REDEVELOPS IT HAS TO REDEVELOPED BASED ON IT ZONING.

SO YOU KNOW, IF WE'VE ONLY GOT X AMOUNT OF DOLLARS TO DO WHAT WE DECIDE IS THE MOST BANK FOR THE BUS, IT MAY OR MAY NOT IMPACT PROPERTIES.

WE WON'T KNOW IF WE PRIORITIZE IT THEN WE CAN TAKE A STAB OF GOING, LIKE FOR EXAMPLE, I CAN'T IMAGINE THAT WE WOULD PROBABLY JUMP RIGHT NOW TO THIS MARVIN LOVING LOAD EXTENSION.

WE TAKE ALL THE MONEY.

I THINKING MAYBE IT'S CORRIDOR LIGHT AND UM, STUFF WE KNOW THAT WE NEED.

'CAUSE IF YOU'RE GONNA REDEVELOP THIS WHOLE THING, A LOT OF US IN BY US OR DEVELOPERS.

SO WE'VE TO BE PRETTY STRATEGIC WITH WHATEVER THAT LIST WE SETTLE ON, BUY THE RIGHT THING.

SO WE CAN BUILD THE LIST.

NOW WE CAN TAKE A STAB WHAT PARCEL WE THINK DO A VALUE.

$15 IS $20.

JUST AN IDEA.

OKAY.

KIND OF LOOKING AND SO ABOUT OR SIDE.

SO WE'VE GOT PLACES ALL OVER TOWN THAT ARE KIND OF ODDLY NOT VERY ACCESSIBLE TO UM, WHY DON'T WE DO THIS? BECAUSE I THINK IT, IT IS EASIER.

WHY DON'T WE HANG AROUND IN THIS DESTINATION BUT WANTS, SO DON'T, YOU KNOW, DON'T ONLY THINK ABOUT THIS AREA.

GO AHEAD AND ABOUT WHAT YOU KNOW ABOUT THIS ENTIRE AREA.

UM, LEMME THROW OUT ONE MORE THING TO THINK ABOUT.

I'M SORRY.

NO, UM, THOUGHTS FIRST.

UM, I'M NOT FAMILIAR WITH THE

[00:55:01]

UM, SO IN, IN, IN THE PLAN, SO WE PLAN, SO IN THE PLAN, ANYTIME YOU'RE LOOKING AT YOUR LAND USE CHANGES, YOU KIND OF HAVE TO START THINKING ABOUT CIRCULATION.

AND SO YOU START DRAWING NEW ROWS, MAKING OTHER ROADS BIGGER.

MAYBE SOMETIMES YOU ELIMINATE THOSE AND SO THAT MARGIN LOVING IS THE OPPORTUNITY.

SO YOU DON'T HAVE TWO BISECTED.

WHAT YOU DON'T WANNA DO IS HAVE DEVELOPMENT ON LIKE, THIS IS BISECTED BY, IF I WANT TO GET OVER HERE, I CAN GET ON THE HIGHWAY, GET BACK OFF.

YOU WANT TO CONNECTED TO A LOCAL ROAD OR A TRAIL OR BOTH? THAT'S WHAT THAT WOULD BE.

THIS WOULD BE A BRIDGE CONNECT.

THAT VARIABLE WOULD BE VERY LARGE AND EXPENSIVE.

I CAN SEE IT WAY DOWN THE LIST.

WE HAVE A PARTNER THAT'S WILLING TO INVEST MILLIONS.

THERE YOU GO.

THANK YOU.

AND THEN, UH, THAT'S PERFECT.

THIS IS THE NEW THIS CIRCULATION IMPROVEMENTS THAT'S BRAND NEW.

UH, MY SECOND THOUGHT WAS THERE, CAN I COSTCO ANYWHERE I'M IN B ROCKWALL BUT IT'S WHAT IT'S OTHER SIDE OF THE BRIDGE.

, WE DON'T WANNA GO THERE.

UM, I KNOW WE, BECAUSE WE COSTCO, DALLAS ROCK, RIGHT? YES, YES SIR.

IN SOME OF THE PLACES I'VE TRAVELED IN ENVIRONMENT LIKE THIS, THE WATER AROUND HOUSTON AREA, UH, BALTIMORE AREA, THINGS LIKE THAT THEY HAD BUILT HERE DOWN OVER WATER WITH BROUGHT A NUMBER OF EVEN RISE AND UH, THEY'VE BEEN VERY POPULAR.

WHAT I COULD SEE, I'M GONNA WRITE DOWN AMUSEMENT AND BOARDWALK HERE, LIKE A BOARDWALK APPEAR, APPEAR TO ME IS NOW BOARDWALK IS THIS WAY.

SO HERE'S BOARDWALK EASEMENTS.

YEAH, THEY'RE SET.

MONICA APPEARS BIG MOTION THAT'S RIGHT HERE, RIGHT THERE OUT.

SOMETHING LIKE THAT WOULD AROUND IT EARLY JAMES.

UM, YES SIR.

WE ARE TALKING TO A LOT OF YOUNG PEOPLE IN PROFESSIONALS AND THEY WERE WANTING TO HAVE AATE ON BROADWAY.

SO I'LL MAKE PHONE CALL BIG PUT THAT UNDER AMENITIES.

BUT I MEAN, YOU KNOW, WHEN I THINK AMENITIES, THAT'S NOT NECESSARILY PUBLIC, THAT'S PRIVATE TOO.

MATTER OF FACT, HOUSE RESTAURANT SIX PACK.

SO I'M GONNA PUT .

AND SO WHEN YOU DO THESE RESTAURANT THINGS AND THEN YOU BUCKET THAT, THOSE END UP GENERALLY BEING INCENTIVE SITUATIONS.

UM, YOU ALSO GOTTA HAVE A PLACE TO PUT 'EM.

GOTTA HAVE PAD SITES THAT ARE DESIRABLE, EASY ACCESS FROM VISIBILITY, ALL THOSE THINGS.

LOT LOT GOES INTO THAT.

IT'S NOT A MATTER OF TOO SMALL TOWNS.

EVERYBODY'S COMPLAIN.

WE DON'T HAVE A FILL IN BLANK.

SO YOU DIDN'T MEET YOUR DEMOGRAPHICS BY THE TIME YOU GET THE POPULATION BE INCOME, RIGHT? THEN THEY START CHOPPING UP.

YES SIR.

JESSE WOLF STILL IN MY DREAM.

UM, ANYTHING OVER THE WATER THAT WOULD BE HAVING TO DEAL ABLE TO DOUBT.

YEAH, BUT THAT, BUT THAT'S OKAY.

I MEAN WHENEVER WE TALK ABOUT RISE AND THAT SORT OF THING, BIGGER PROBLEM BECAUSE THAT'S DRINK VERY MUCH DREAM.

YOU'RE CORRECT.

YOU'RE RIGHT NOW WILL BE, THERE WILL BE SOME LIMITATIONS TO CERTAIN IDEAS EVENTUALLY.

UM, LIKE FOR EXAMPLE, THEY DON'T DO LET YOU GO OUT FROM THE ORDINARY CAR, A LOT OF SCRUTINY.

SO A PEER MAY BE LIMITED, BUT MAYBE THE BOARDWALK IS UM, YES, IT DOESN'T, NO, THEY PROBABLY AREN'T GONNA ALLOW THINGS TO GENERATE GAS THING THAT THAT ONE BE .

UM, BUT I CAN DO CLARIFICATION POINT.

I YOU NOTICE REPORT, REPORT.

I MEAN A LOT OF

[01:00:01]

THAT'S WHAT BE COMPANY ACCESS AND ONE TO COME TO OUR HAVE AND YOU'LL HAVE TWO PADS OF RESTAURANT.

WE'LL HAVE THE PAST FOOD, WE'LL ALSO HAVE DESTINATION TIME DEPENDING ON WHERE IT IS IN THE PROPERTY.

AND FREE COFFEE OF COURSE VERY NICE TO BEING OF THE WATER.

UH, I DON'T KNOW WHETHER WE, WE ENDED UP BORN WITH SOMETHING, BUT IS ANY POSSIBILITY THAT GOVERNMENT MAY FACING THE FUTURE? LIKE THEY HIRED IN OTHER DAY MARKETING .