* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. UH, THIS [00:00:01] IS MICHAEL LANDERS. WE'RE GONNA CALL THE ORDER THE TAX INCREMENT FINANCE SOUTH BOARD. IT'S AUGUST 20TH, 2025 AT SIX O'CLOCK. WE NEED TO APPROVE THE MINUTES, SO IF ANYBODY WANTS TO APPROVE THE MINUTES. UM, SO WE NEED THE MOTION, RIGHT? YES, MA'AM. MOTION. OKAY. GOT A MOTION FROM JENNIFER AND A SECOND FROM JASON. ALL RIGHT. Y'ALL WANNA VOTE? WE VOTE. JUST RAISE HANDS. WE'RE VOTING ON MINUTES. WE'RE JUST APPROVING THE MINUTES. I WASN'T HERE, SO I CAN'T TELL IF IT WAS THERE. ALL RIGHT. MOTION CARRIES. UM, DO WE HAVE ANY SPEAKERS TODAY? I DON'T SEE ANY COMMENTS. NO SPEAKERS FROM THE PUBLIC. OKAY. ITEMS FOR INDIVIDUAL CONSIDERATION, WE HAVE AN UPDATE ON THE REVENUE PROJECTS AND PROPOSED FISCAL YEAR 25, 26 BUDGET. IS THAT YOU, MATT? I GUESS BEFORE WE GET STARTED, UH, WE HAVE THREE NEW BOARD MEMBERS TODAY. UH, I DON'T KNOW IF EVERYONE MET IN THE BACK, BUT INTRODUCE MYSELF. I'M MATT WATTS. I'M THE CHIEF FINANCIAL OFFICER FOR THE CITY OF GARLAND. UM, TYPICALLY THE STAFF LIAISON FOR MOST OF OUR TIF BOARDS AND HELP COORDINATE, UH, ALL THE FINANCIAL ACTIVITY ASSOCIATED WITH 'EM. SO, UH, WELCOME NEW MEMBERS. AND, UH, THIS PRESENTATION I'M GONNA COVER A LOT OF THINGS THAT MANY OF YOU MAY HAVE ALREADY SEEN THAT HAVE BEEN ON THE TIF BOARD, BUT MAINLY JUST TO GIVE BACKGROUND OF HOW LONG THE TIFF'S BEEN IN EXISTENCE, WHAT IT IS, UH, AND WHAT IT'S ACCOMPLISHED TO DATE. AND THEN, UH, WE WILL GET TO SOME OF THE OTHER ITEMS JUMPING AHEAD OF, OF POSSIBLY LOOKING AT EXTENDING THIS TIFF'S LIFE FOR, UH, ABOUT ROUGHLY 20 YEARS AND, UH, KIND OF WHERE WE'RE AT WITH WORKING WITH CONSULTANT STUDIES. BUT ANYWAY, I'LL JUMP IN, UH, WITH MY PRESENTATION. UM, AND TO START, AND HERE'S THE LOOK AT THE AGENDA. AND SO WE'RE MOVING RIGHT ALONG. SO, WHAT A TIF IS, UM, IS A, A MECHANISM FOR FINANCING THAT ALLOWS YOU TO COLLECT TAXES AND HOLD THOSE INSIDE OF A, WHAT'S CALLED A TIFF FUND TO BE UTILIZED FOR A SPECIFIC GEOGRAPHIC AREA. SO BASICALLY HOW THIS WORKS IS, IS YOU CREATE A TIFF AND AT THE TIME OF THIS TIFF CREATION, IT WAS 2004. AND AT THAT TIME, THE PROPERTY TAX VALUES ARE FROZEN, MEANING FROZEN FOR THE GENERAL FUND AND DEBT SERVICE FUND, WHERE PROPERTY TAXES TYPICALLY GO FOR A CITY AND THEY ARE THEN ANY INCREMENTAL INCREASES THAT OCCUR OVER THE YEARS GO INTO A TIF FUND THAT CAN ONLY BE USED FOR PROJECTS THAT ARE IN THE TIF PROJECT PLAN AND CAN ONLY BE USED IN THE GEOGRAPHIC AREA OF THE TIF. SO THAT'S WHY WE HAVE THIS BOARD. THIS BOARD'S PRIMARY RESPONSIBILITY IS TO MAKE RECOMMENDATIONS TO THE CITY COUNCIL ON THE TIFF PROJECT AND FINANCING PLAN. UH, THE, AGAIN, THIS TIFF WAS ORIGINALLY ESTABLISHED IN 2004 FOR, UH, ECONOMIC DEVELOPMENT ALONG I 30 CORRIDOR, SPECIFICALLY AT THE HARBOR POINT AREA, AND SPECIFICALLY BASS PRO SHOP AT THE TIME, UH, THE BASS PRO SHOP WAS LOOKING TO COME TO THE CITY OF GARLAND, AND WE FINANCE THE LAND COSTS AND THE FACILITY COSTS, NOT OF THE BUILDING, BUT OF THE PARKING LOT AND SURROUNDING AREA, UH, WHERE BASS PRO SITS. SO THE CITY OF GARLAND OWNS THE LAND THAT BASSPRO IS SITTING ON AND THE PARKING LOT. AND AT THAT TIME, THE STRUCTURE OF THAT THE CITY PUT TOGETHER TO PAY FOR THAT FINANCING COST OF THAT WAS TO ESTABLISH A TIFF. 'CAUSE AGAIN, WHAT A TIFF LOOKS TO DO IS CAPTURE ANY INCREMENTAL VALUE AND USE THAT FOR PROJECTS IN THE AREA. AND HOW TIPS TYPICALLY WORK IS YOU GET A BIG PROJECT AND THE BIG PROJECT DERIVE ALL THIS ECONOMIC DEVELOPMENT AROUND IT, WHICH THROWS OFF ADDITIONAL TAX REVENUE THAT CAN BE USED FOR THE, FOR THE DISTRICT. DALLAS COUNTY IS ALSO PARTICIPATING IN THIS TIFF WITH 55% OF THEIR TAX RATE. UH, THE CITY OF GARLAND IS GOING IN WITH A HUNDRED PERCENT OF OURS. SO OUR TAX RATE'S 0.6 8, 9, 4, ALL THAT TAX RATE, ALL THE PROPERTY VALUE THAT'S BEING CAPTURED IN THIS TIFF IS GOING IN THE TIFF. AND, BUT THE COUNTY IS ONLY PUTTING 55% OF THEIRS IN. RIGHT NOW. THE ONLY PROJECTS THAT ARE IN THE FINANCING PLAN ARE THE BASS PRO SHOP FACILITY, THE DEBT SERVICE ASSOCIATED WITH THAT, AND AN ECONOMIC DEVELOPMENT AGREEMENT TO PAY BACK HALF OF THE PROPERTY VALUE THAT IS ASSOCIATED WITH BASS PRO BACK TO BASS PRO. THIS TIFF, UM, HAS NOT MET TRADITIONALLY FOR A VERY LONG TIME, AND I'LL EXPLAIN THAT. BUT WE HAVE STARTED MEETING AGAIN BECAUSE WE ARE EXPLORING THE, THE POSSIBILITY OF EXTENDING [00:05:01] THIS TIFF. THIS TIFF RIGHT NOW IS SET TO EXPIRE ACTUALLY ON DECEMBER 31ST, 2025. UH, BUT WE HAVE MADE A PROPOSAL TO COUNCIL AND WHAT WE'LL TALK ABOUT LATER IS TO AGAIN, LOOK TO EXTEND THIS. SO I MENTIONED THAT IT IS BASED OFF OF GEOGRAPHIC BOUNDARIES. RIGHT NOW, THIS IS THE MAP IN THE GREEN OF THE, WHERE THE TIFF INCREMENT IS COMING IN. AND IN THIS, IN THIS BOUNDARY IS THE ONLY PLACE WE CAN ACTUALLY HAVE PROJECTS FOR EXPENDITURES. SO YOU CAN SEE THAT IT FOLLOWS BASICALLY I 30 ALL THE WAY FROM SOUTH GARLAND ALL THE WAY UP TO THE HARBOR POINT AREA AS YOU CROSS OVER TOWARDS ROLLETTE ROCKWALL. AND AGAIN, THE ONLY PROJECTS WE HAVE RIGHT NOW IN THE PLAN IS THE BASS PRO SHOP. SO RIGHT NOW, THE BASE VALUE OF, UH, THIS TIFF WHEN IT WAS CREATED IN 2004, THE BASE VALUE OF ALL THE PROPERTIES IN THAT AREA I JUST SHOWED YOU WAS ABOUT $75 MILLION OVER TIME. THE CAPTURED VALUE THAT'S COME INTO THIS TIFF OVER THE LAST 29, 20 YEARS IS 300 AND ALMOST ROUGHLY $340 MILLION. SO BASICALLY FOUR TIMES THE GROWTH OF WHERE IT WAS AT THE BASE. SO RIGHT NOW, THE TAXABLE VALUE OF THIS TIFF IS $415 MILLION. SO WHAT THAT MEANS FOR THE TIFF FUND IS BELOW IT. YOU CAN SEE WHAT THE REVENUES COMING INTO THE TIFF COMPARED TO THE LAST YEAR. SO RIGHT NOW, THE GARLAND TAX REVENUE IS ABOUT $2.3 MILLION. AND YOU CAN SEE THAT WAS AN INCREASE, AND I GOT A TYPO THERE, I APOLOGIZE ON THE CHANGE, BUT THAT'S $591,000 INCREASE IN ONE YEAR. YOU'LL NOTICE UNDER DALLAS COUNTY THAT IT DROPS TO ZERO. AND THE REASON IS, IS BECAUSE THIS TIFF IS SET TO EXPIRE DECEMBER 31ST, 2025. AND BY POLICY, THE COUNTY ONLY PARTICIPATES IN TIFS FOR 17 YEARS. YOU, YOU, YOU MAY HAVE SEEN IN THE PREVIOUS SLIDE, THEY USUALLY COME IN THREE YEARS AFTER TIFS CREATED. SO THEY CAME IN IN 2007 AND THEN THEY WILL GO FOR ANOTHER 17 YEARS AND THEN THEY'RE OUT. SO WHILE WE'RE, WHY WE'RE SHOWING REVENUE THOUGH IS BECAUSE THERE IS A PROPOSAL TO EXTEND THIS TIFF. AND WE'RE, WE ARE RECOMMENDING TOO, TO EXTEND THIS TIFF, AND I'LL GET INTO THAT HERE IN A LITTLE BIT. BUT THIS IS PART OF THE 2020 5 26 PROPOSED BUDGET RIGHT NOW THAT COUNCIL IS DISCUSSING AND WE'LL APPROVE ON SEPTEMBER 2ND IS FOR THE EXPECTATION THAT WE WILL EXTEND THE TIFF A LITTLE BIT MORE ON THE HISTORY. AND I SHOWED THIS SLIDE LAST TIME, BUT FOR THE NEW MEMBERS, WANTED TO DISCUSS A LITTLE BIT ABOUT THE, SOME OF THE CHALLENGES THIS TIFF'S HAD OVER THE YEARS. AND ONE OF 'EM WAS THE GREAT RECESSION. SO OBVIOUSLY WHEN A TIF IS CREATED, IT IS BANKING ON INCREMENTAL VALUE GOING INTO IT GROWTH. YOU CAN SEE FROM 2008 ALL THE WAY UP TO 2017, BECAUSE OF THE GREAT RECESSION AND THE DROP IN PROPERTY VALUES AND THE HOUSING, YOU KNOW, BUBBLE BURSTING, IT TOOK EIGHT YEARS JUST TO GET BACK TO THE REVENUE THAT WE HAD IN 2008. AND WHEN A TIFFS ON A TIME FRONT LINE, EIGHT YEARS IS A LOT TO LOSE. BUT YOU CAN SEE AFTER THAT THERE'S BEEN A MAJOR UPSWING, THIS MAJOR UPSWING POST COVID, UH, THE E ECONOMY'S BOOMING, BUT PARTICULARLY ALONG I 30, BECAUSE THERE'S A LOT OF VACANT LAND STILL THERE. MULTIFAMILY REALLY STARTED POPPING UP. AND YOU CAN SEE FROM 2022 TO 2025, WE HAD OVER 170, ROUGHLY $174 MILLION OF NEW CONSTRUCTION, WHICH WAS MOSTLY, UH, MULTIFAMILY DEVELOPMENTS. AND IN FACT, THIS CHART SHOWS WHERE SOME OF THESE MAJOR DEVELOPMENTS HAVE COME IN TO CAUSE THIS GREAT GROWTH IN OUR REVENUE INTO THE TIF FUND. YOU KNOW, DOWN SOUTH THERE'S THE LOFTS I 30, WHICH IS A MULTIFAMILY DEVELOPMENT PARKS AT ROSE HILL. IF YOU'VE EVER BEEN IN THE ROSE HILL AREA, YOU'VE SEEN THOSE NEW HOMES STARTED TO OPEN UP THERE. THERE'S A ROW, FAIRLY LARGE STORAGE UNIT RIGHT ACROSS THE STREET, THE BRIDGEWATER SUBDIVISION, AGAIN, THAT'S SINGLE FAMILY HOMES THAT CAME IN UP OFF OF, I BELIEVE THAT IS NEAR ZO AND THE ATWATER APARTMENTS ACROSS THE STREET. AND THEN RIGHT THERE AT THE HARBOR POINT IS LAKE VIEWPOINT. SO ALL OF THESE COMING ONLINE IS WHAT DROVE THIS $173.7 MILLION INCREASE. AND OUR REVENUE BASICALLY DOUBLING SINCE 2022, WHICH IS, UH, SIGNIFICANTLY THAT KIND OF GROWTH IN A TIF IS EXTREMELY GOOD. AND THAT'S WHAT WE'RE LOOKING FOR IN A TIF IN ORDER TO GET ADDITIONAL PROJECTS. 'CAUSE REALLY WHAT YOU WANT WITH THE TIFF IS A SNOWBALL EFFECT. YOU WANT AN INITIAL PROJECT AND THEN ANOTHER PROJECT TO BUILD ON IT, ANOTHER PROJECT TO BUILD ON IT AND JUST CONTINUE TO HAVE THAT REVENUE STRING JUMPING. [00:10:02] ONE OF THE OTHER CHALLENGES THIS TIFF HAD WHEN IT WAS ORIGINALLY CREATED WAS BACK THEN MANY OF THE TIFFS THAT WERE CREATED LOOK TO HAVE ONE BIG PROJECT AND THEN SCHEDULE THE DEBT SERVICE AMORTIZATION TO MATCH THAT REVENUE STREAM GOING UP. AND THAT'S EXACTLY WHAT THE CITY OF GARLAND DID IN 2004. THEY ISSUED $25 MILLION OF BONDS FOR THE BASS PRO SHOP FACILITY. THEY SCHEDULED JUST INTEREST PAYMENTS UPFRONT AND BALLOON PAYMENTS AT THE BACK WITH ASSUMPTIONS BASED OFF THEIR PROJECTIONS THAT THE REVENUE WOULD BE THERE TO COVER THAT DEBT SERVICE THAT NEVER MATERIALIZED. AND I CAN SAY WE PAID OFF THE LA LAST, UM, DEBT SERVICE THIS YEAR IN 2025. SO THAT'S BEHIND US NOW FINALLY. BUT YOU CAN SEE THAT $2.3 MILLION THAT WAS COLLECTED IN 2025, THAT WOULD'VE PAID ROUGHLY HALF OF THE DEBT SERVICE ON THE BALLOON ON THE BACK. AND IT WAS REALLY TWOFOLD. ONE, IN MY OPINION, WHEN YOU'RE CREATING A TIFF, YOU USUALLY NEED TO HAVE SOMETHING YOU KNOW IS HAPPENING THAT WILL OCCUR. THEY USE PROJECTIONS AND ASSUMPTIONS ON THINGS THAT MIGHT OCCUR. AND SECOND IS NO ONE COULD HAVE PREDICTED THIS GREAT RECESSION. IF THAT DESTROYS A TIFF, YOU CAN'T LOSE EIGHT YEARS OF A TIFF AND EXPECT TO GENERATE ANY REAL MONEY. PARDON ME? YES. CAN YOU GO BACK ONE THE GRAPH? THANK YOU. I'M LOOKING AT THE NUMBERS HERE. I DON'T SEE $173.7 MILLION DIFFERENCE BETWEEN THE 23. LET ME, YEAH, I CAN EXPLAIN THIS. SO THAT'S THE ACTUAL VALUATION OF THE PROPERTY THERE. THIS IS THE TAX REVENUE. SO 173.7, YOU DIVIDE THAT BY A HUNDRED TIMES THE TAX RATE WILL GENERATE THAT REVENUE. I SHOULD EXPLAIN THAT. THANK YOU. I DO HAVE ONE QUESTION, AND YOU MAY GET TO IT LATER WHEN YOU TALK ABOUT THE POTENTIAL EXPANSION EXTENSION. BUT BECAUSE OF THE DIFFICULTY IN THE EIGHT YEARS, AND YOU SAID IT HASN'T, TIFF HASN'T NECESSARILY, UM, MET IT INTENDED TO TARGET, WHAT JUSTIFICATION WILL YOU ALL, WHAT, WHAT ARE YOU ALL ARE PRESENTING TO GET THEM TO A PROVEN EXTENSION? IS IT BECAUSE OF THE, THE LAST FEW YEARS POST COVID? BECAUSE THE OPPRESSIVE NUMBERS THERE. WHAT KIND OF JUSTIFICATION ARE YOU GONNA UTILIZE TO GET THEM TO AGREE TO IT? MY PRIMARY JUSTIFICATION IS, IS THAT IT ACTUALLY HAS A BALANCE. NOW, I MENTIONED WHEN I LOOK AT TIFS NOW, I DON'T WANT, I, I DON'T RECOMMEND ANYONE DOING IT BASED OFF OF ASSUMPTIONS THIS IS OCCURRING. WE KNOW WE HAVE $2.3 MILLION. AND I, WHEN WE GO THROUGH WHAT WE'RE GONNA DO WITH THE PROJECT PLAN, I ALWAYS RECOMMEND TO BE VERY, VERY CONSERVATIVE AND, AND ALSO DO A PAY AS YOU GO TYPE MODEL. IF YOU'RE GOING TO DO A DEBT SERVICE, YOU DO IT OFF OF THE CERTIFIED VALUE THAT'S ALREADY THERE. SO IF WE WERE TO EVER ISSUE BONDS FOR A PROJECT, I WOULD NOT RECOMMEND ISSUING ANYTHING OVER THAT, THAT THAT 2.3 MILLION THAT'S THERE NOW CAN ACTUALLY PAY FOR. AND IN FACT, NOT EVEN THAT 2.3 MILLION, WE USUALLY USE DEBT SERVICE COVERAGE TIMES. AND SO YOU'RE TALKING, YOU KNOW, UM, PROBABLY HALF IS TYPICALLY WHAT WE DO. SO A MILLION DOLLARS ON THE DEBT SERVICE. BUT, UM, WE ARE, WE UTILIZE MOST OF THE TIME NOW AS A PAY GO, UH, AS REVENUE COMES IN AND AS WE KNOW THINGS ARE HAPPENING, THEN WE'LL ADJUST. SO THIS TIF PLAN AND THIS TIF BOARD HAD REALLY ONE PROJECT FOR 20 YEARS. OUR TIFS, WHAT THEY LOOK LIKE NOW IS MULTIPLE PROJECTS, MULTIPLE MEETINGS, MULTIPLE TIMES, CHANGING THOSE PROJECTS AND REALLY THERE TO SUPPORT BIGGER PROJECTS, NOT TRY TO FUND AN ENTIRE PROJECT. THAT MAKES SENSE. A FOLLOW UP QUESTION. SO CONSIDERING NOW THAT YOU ARE LOOKING AT WHAT'S THERE FOR A TIFF, SHOULD I TAKE THAT OR SHOULD WE TAKE THAT TO MEAN YOU'RE NOT USING ANY MODELING AT ALL, RIGHT. MODELING AND STATISTIC ASSUMPTIONS? OH NO, WE ALREADY, WE ARE DOING MODELING AND STATISTICS ASSUMPTIONS AND TYPICALLY WHAT WE DO IS SHOW, UM, BEST CASE TO WORST CASE. OKAY. BUT WHEN WE PUT, WHAT WE TYPICALLY PUT IN A PROJECT PLAN IS THE VERY CONSERVATIVE MODEL, BASICALLY SHOWING JUST INFLATIONARY INCREASES UNTIL WE KNOW SOMETHING HIT OKAY. AND THEN WE ADJUST FOR THAT AND THEN WE'LL ADJUST EXPENDITURES. MATT, HOW DO THESE PROJECTS COME TO LIFE? WHO, WHO COMES UP WITH THE PROJECTS? THAT'S A GOOD QUESTION. SO THIS, THIS BOARD'S PRIMARILY RESPONSIBILITIES TO MAKE RECOMMENDATIONS ON TO COUNCIL FOR PROJECTS. IT GETS A LITTLE TRIVIA. 'CAUSE USUALLY WHAT, WHO MAKES RECOMMENDATIONS FOR PROJECTS TO THE TIF BOARD IS EITHER STAFF OR CITY COUNCIL ASKING FOR BLESSING. SO WITH, UM, BUT YOU ARE ALSO WELCOME TO HAVE PROJECTS OR IDEAS AND THAT IS MY JOB, IS TO GO BACK AND RESEARCH THOSE TO SEE HOW THEY FIT AND [00:15:01] THEN WE COULD PRESENT THOSE TO CITY COUNCIL. OKAY. AND I HAVE A FOLLOW UP QUESTION TOO. MY INITIAL OR, WELL, YOU MAY GET TO IT, I APOLOGIZE IF I'M JUMPING THE GUN HERE. NO, THAT'S FINE. IF THE TIFF IS EXTENDED BEYOND DECEMBER 31, WILL IT BE BASED ON THE TAXABLE VALUE THAT WAS FROZEN BACK 25 YEARS AGO? OR IS IT GONNA BE BASED ON THE TAXABLE VALUE WHEN WE RESTART? THAT'S A VERY GOOD QUESTION. SO THERE'S, IF WE LEAD THE BOUNDARY EXACTLY THE SAME, IT'S BASED OFF OF 2004. SO THIS WILL CONTINUE ON. NOW I'LL, I'LL GET TO IT HERE IN A LITTLE BIT ON WHY WE'RE, ANOTHER REASON WHY WE'RE LOOKING TO EXTEND IT. BUT IF YOU LOOK AT THIS MAP, THIS DOES NOT COVER ALL OF HARBOR POINT AND WE, WE ARE WORKING ON MULTIPLE DIFFERENT THINGS DOWN HERE. THERE'S ALSO WINDSURF BAY PARK HERE, THERE'S ALSO JOHN PAUL JONES PARK HERE RIGHT NOW WE'RE REALLY WORKING TO TRY TO GET CONNECTIVITY AMONGST ALL THIS BECAUSE GEORGE BUSH IS GONNA GET EXTENDED RIGHT THROUGH HERE ALL THE WAY TO 20. SO YOU HAVE TWO MAJOR ROADWAYS, ONE CURRENTLY UNDER CONSTRUCTION THAT IS SET TO BE DONE, I THINK 2027 AND ONE THAT WILL COME THROUGH HERE. AND WITH OFF RAMPS BEING CHANGED BECAUSE ONE OF ANOTHER REASON FOR FAST PRO SHOP EVERY, YOU'VE DRIVEN BY THERE. IT'S VERY HARD TO SEE. IT'S VERY HARD TO GET TO. SO WITH THESE INTERCHANGES CHANGING, IT OPENS UP A LOT OF OPPORTUNITY FOR THE CITY. 'CAUSE WE OWN A LOT OF LAND. WE OBVIOUSLY OWN THIS. WE OWN BASS PRO AND WE OWN JOHN PAUL JONES. AND WE CAN WORK WITH THE DALLAS CA DALLAS, THE CITY OF DALLAS ON THE SHORELINE FOR PARTI, UH, POTENTIAL PROJECTS. AND I'LL GET INTO MORE DETAIL ON THAT HERE IN A LITTLE BIT. BUT IF WE EXPAND THE BOUNDARIES, SO SAY WE PUT THIS TO THE PROPERTIES THAT ARE HERE, THEIR BASE VALUE IS NOW 2025, BUT THE REMAINING STAYS THE SAME. DOES THAT MAKE SENSE? SO WHATEVER WE EXTEND GOING BEYOND DECEMBER 31ST, WHATEVER WE EXTEND IS AT THE, IS AT THE CURRENT RATE. EVERYTHING ELSE THAT IS THE ORIGINAL TIFF IS AT OH FOUR. IS OH FOUR, CORRECT. OKAY, THANK YOU. IS THE, UH, WINDSURF BAY PARK, IS THIS STILL CLOSED? STILL SHUT DOWN? YES. AND IT'S, IT'S SCHEDULED TO OPEN FOR THE NEXT SUMMER. OH IT IS. AND I THINK IT'S, IT'S RIGHT OUTSIDE. I'M TRYING TO FIGURE OUT WHERE AUDUBON PARK IS. I THINK IT'S HERE, RIGHT THERE. THAT'S WHERE THEY'RE GONNA PUT WINDSURF BAY PARK. NO, NO, HE WAS, HE WAS. OH, WIND. OH, I JUST THOUGHT YOU WERE MEANING TO SURF AND SWIM. OH, OH, NO, NO, NO. WINDSURF BAY WINDS BAY'S HERE. YEAH. AND IT'S, UH, WIND'S IT GONNA BE DONE. I MEAN, IS IT STILL SHUT OFF RIGHT TO THE PUBLIC? IT IS STILL SHUT OFF TO THE PUBLIC. CORRECT. OKAY. I HEARD ONE, HOPEFULLY LAST QUESTION FOR NOW. UH, DID I HEARD YOU MENTION THE CITY OF DALLAS. UM, SO THE EXTENSION, WILL IT INCLUDE ANY PORT POPS OF THE CITY OF DALLAS WHERE WE BEEN REQUIRE THEIR CITY COUNCIL TO GET APPROVAL AS WELL? OR IS IT NO, YOU JUST, IT'S JUST OKAY. NO, NOT, NO, NOT WITH THE CITY OF, SO THE CITY OF DALLAS, UH, LAKE RAY HUBBARD IS THE CITY OF DALLAS. SO IT'S, IT'S THEIR, IT'S THEIR LAKE. SO THE SHORELINE, WHAT I WAS TALKING ABOUT IS THAT THERE'S PROPOSALS AND I'LL SHOW YOU SOME PICTURES LATER OF A, UH, YOU KNOW, A BOARDWALK TYPE OR DOCKS OFF OF IT. IN ORDER TO DO THAT, WE WOULD HAVE TO DO A, YOU KNOW, A LEASE BACK FROM THE CITY OF DALLAS. AND THEY, THEY DO WORK WITH CITIES TO DO THAT. IT'S NOT A BIG DEAL LIKE JOHN PAUL JONES OR A WINDSURF BAY AS WELL. IF THERE'S DOCKS OR ANYTHING OFF OF IT, WE WOULD HAVE TO HAVE A LEASE BACK FROM THE CITY OF DALLAS. GOTCHA. I HAVE A QUESTION, BUT I'LL HOLD IT UNTIL YOU GET FARTHER ON. OKAY. SO RIGHT HERE WE'LL JUST GET ANY OF THE MEAT OF THE BUDGET. UM, SO THE BUDGET FOR FY 25 26 IS, YOU KNOW, THE NUMBER IS, THE REVENUE THAT WE'RE ANTICIPATING IS $2.3 MILLION. BUT ALL OF THIS STILL IS BASED OFF OF, IF WE'RE GOING TO EXTEND THE TIFF. AND YOU'LL NOTICE IN THE EXPENDITURES, WE DO HAVE A PROPOSAL PLUG FOR ONE EXPENDITURE TO BE ADDED TO THE PROJECT PLAN, UH, OF A MILLION DOLLARS ONE ONE POINT, BASICALLY $1.06 MILLION FOR A TRANSFER TO GENERAL FUND. AND I'LL GET INTO THAT IN A MINUTE. AND THEN THE INCENTIVE AGREEMENT IS THE LAST YEAR OF THE BASS PRO PAYMENT TO, UH, FOR THE, THE HALF OF THEIR PROPERTY TAXES BACK, WHICH WAS IN THE ORIGINAL TIF PLAN, WHICH, UH, IT, BASED OFF OF THE PROPOSAL I'M ABOUT TO MAKE WOULD LEAVE ABOUT A $1.1 MILLION FUND BALANCE FOR FUTURE USE. SO GETTING INTO, LET ME JUST, LET'S SEE, MAYBE BE JUMPING INTO THE NEXT YEAH, I'M PROBABLY GONNA JUMP INTO THE, CONSIDER EXTENDING THE TERMINATION OF THE DATE OF THE TIF. CAN I ASK A QUESTION ABOUT THE BALANCE SHEET THAT WE'RE LOOKING AT? SO WE OWN THE LAND THAT BASSPRO IS SITTING ON. DO THEY HAVE A LEASE BACK WITH US? YEAH, AND THEIR, I BELIEVE THEIR LEASE IS UP IN 2026. [00:20:03] OKAY. SO THERE, IT'S, IT COMES WITH THE CITY WITH NEGOTIATING, UH, TO EITHER EXTEND THAT LEASE OR FIND OTHER OPTIONS. THANK YOU. SO IF IT'S ALL RIGHT, UM, TO MOVE FORWARD CHAIR, I'LL JUST PROBABLY MOVE RIGHT INTO THE, THE CONSIDERATION OF EXTENDING THE TERMINATION OF THE, OF TIF NUMBER TWO. YES, SIR. SO AGAIN, THIS MAP KIND OF SHOWED JUST DETAILS A LOT OF WHAT I JUST TALKED ABOUT OF WHY WE'RE LOOKING AT EXTENDING THIS TIFF. UM, A LOT OF FUTURE OPPORTUNITY RIGHT HERE, JUST AT THE HARBOR POINT AREA, LET ALONE ALONG I 30, UH, THERE'S ABOUT 40 ACRES OF VACANT LAND AT HARBOR POINT RIGHT NOW. AND ON TOP OF THAT, THE CITY OWNS 61 ACRES OF LAND, UM, THE CITY OWN. WE ALSO OWN LAND AT ROSE HILL, WHICH I MENTIONED EARLIER OF ABOUT 15 ACRES. THEN I ALSO MENTIONED THE TWO MAJOR ROADWAYS WITH I, YOU KNOW, ONE 90 TURNPIKE SCHEDULED TO, TO, YOU KNOW, BE COMPLETED BY 2032. HONESTLY, YOU PROBABLY HAVE THREE YEARS OF THAT. THE WAY , THE WAY THEY GET THOSE ROADS DONE, AND I HAVE 30 IMPROVEMENTS SCHEDULED FOR 2027, YOU CAN SEE THE WORK THAT THEY'RE DOING ON THAT RIGHT NOW. I MENTIONED THAT THE DEBT SERVICE PAID OFF AND, UM, SO RIGHT NOW THERE REALLY IS NO PROJECTS OUTSIDE OF THE ONE LAST PAYMENT OF THE INCENTIVE TO BASS PRO. AND IF WE EXTEND, YOU SAW THE REVENUES THAT WE KNOW WE HAVE $2.3 MILLION A YEAR THAT ARE BEING PULLED FROM THE TIFF. ANOTHER BIG REASON FOR THE CONSIDERATION OF THE, THE, UM, TIFF EXTENSION IS THE PASSAGE OF THE 2025 BOND PROGRAM, PARTICULARLY IN PROPOSITION B AND D. UH, YOU CAN SEE THAT PROPOSITION B WAS THE ECONOMIC DEVELOPMENT PROPOSITION FOR $75 MILLION. AND THE WAY WE CAME UP WITH THAT NUMBER, WITH THE BOND STUDY COMMITTEE IS LOOKING AT ALL THE VACANT PARCELS IN THE LAND FOR LAND ASSEMBLY, MAYBE PURCHASING THAT LAND TO BE ABLE TO PUT IT TOGETHER FOR OUR DEVELOPER ALSO, MAYBE EVEN PROVIDING INCENTIVE PACKAGE TO CLOSE GAPS AND BEING ABLE TO BRING CERTAIN TYPES OF, UH, BUSINESSES INTO THE CITY OF GARLAND. BUT THE THREE MAJOR AREAS WE WERE REALLY LOOKING AT WERE, UH, MEDICAL DISTRICT AREA, HARBOR POINT AND SOUTH GARLAND AVENUE. SO SOUTH GARLAND AVENUE DOWN OFF NEAR SHILOH. WE OWN A LOT OF LAND DOWN THERE AS WELL. AND THE MEDICAL DISTRICT, SIMPLY JUST BECAUSE WE LOST OUR HOSPITAL, YOU CAN ALSO SEE PROPOSITION D IS SPECIFIC TO THE HARBOR POINT $30 MILLION FOR PARKS AND RECREATION. AND HERE THIS MONEY IS LOOKING TO DO PUBLIC WATERFRONT ACCESS TRAILS OR OTHER PARK AND RECREATION TYPE AMENITIES IN THIS AREA. IN THE HARBOR POINT, THIS IS JUST A RENDERING OF, UH, FROM OUR MASTER PLAN OF HARBOR POINT, TYPICALLY WHAT WE DO IS, UH, THE PLANNERS WILL GO OUT AND DO A MASTER PLAN, DO SOME FEASIBILITY STUDIES ASSOCIATED WITH THE ECONOMIC BENEFIT OF, OF TRYING TO DO SOMETHING BIG IN AN AREA. AND THIS IS ONE OF THE RENDERINGS THAT THEY SHOWED. AND YOU CAN SEE THE, THE BOARDWALK TYPE FEATURE OFF OF BASS PRO, UH, OR OFF OF, I'M SORRY, THE LAKE RAY HUBBARD AND A LOT OF CONNECTIVITY AND EXTENSIONS WITH TRAILS THROUGHOUT THE, THE, UH, THE, UH, RENDERING. SO BACK TO THE PROPOSAL THAT RIGHT NOW IS IN PLACE, AND, AND I'LL, I'LL TELL YOU RIGHT NOW THAT THE, THE LAST PERSON THAT WANTED TO EXTEND THIS TIFF UNTIL I, UH, A LIGHT BULB WENT OFF FOR ME WAS ME . UM, 'CAUSE WHEN YOU, WHEN YOU DO BUILD TIFFS, IT TAKES AWAY MONEY FROM THE DEBT SERVICE FUND AND IT TAKES AWAY MONEY FROM THE GENERAL FUND, WHICH, UM, IF YOU'VE BEEN AROUND THE CITY, YOU KNOW THAT WE PROTECT THE GENERAL FUND LIKE IT'S A A LITTLE BABY BECAUSE RIGHT NOW OUR PROPERTY TAXES ARE CAPPED FOR ALL OPERATING AND MAINTENANCE THAT GOES INTO THE GENERAL FUND AT 3.5%. AND, UH, I WILL SAY THAT OUR TAX BASE IN GENERAL COMPARED TO OTHER METROPLEX CITIES IS EXTREMELY MODEST COMPARED TO OUR NEIGHBORING CITIES. AND WE'VE ACTUALLY FACTORED IN HOW TO CALCULATE HOW MODEST THAT IS. WE ACTUALLY LOOK AT PER CAPITA SALES TAX AND PROPERTY TAX COLLECTED BY ALL OF THE METROPLEX SUBURBAN CITIES COMPARED TO US. AND IF WE WERE JUST AN AVERAGE SUBURBAN CITY, THE GENERAL FUND WOULD HAVE $90 MILLION MORE A YEAR. SO WE HAVE A MODEST TAX BASE WITH OUR LARGEST REVENUE CAPPED AT THREE POINT A 5%. IT MAKES IT HARD TO KEEP UP WITH THINGS THAT RUN HIGHER THAN 3.5%. FOR INSTANCE, UM, UH, THREE POINT A HALF PERCENT PROPERTY TAX INCREASE YIELDS ABOUT [00:25:01] TWO AND A HALF MILLION DOLLARS A YEAR. IN ORDER TO GIVE OUR GENERAL FUND EMPLOYEES A 3% RAISE, THAT'S $5 MILLION. SO WE ARE GONNA GO FULL FLEDGED ECONOMIC DEVELOPMENT EFFORTS AND THERE'S A LOT OF TOOLS WE HAVE IN OUR TOOLBOX, BUT MOST OF THEM ARE RELATED TO BOND PRO PROPOSITIONS AND TIFS. SO WITH THIS TIF PROPOSAL, WHAT WE'VE COME UP WITH IS, YOU'LL NOTICE THAT THE, THE FIRST ITEM WE WOULD LIKE TO HAVE RECOMMENDED BY, UH, THE TIF BOARD IS FOR 50% OF THE TIF FUNDS TO GO TO THE GENERAL FUND FOR PUBLIC SAFETY OPERATIONS ALONG I 30. SO WHAT THIS WOULD BE IS RIGHT OFF THE BAT IS TO COVER THE OPERATIONAL COST OF PUBLIC SAFETY ON I 30. AND IT IS, IT IS AN EXTREMELY LARGE NUMBER. THIS IS NOWHERE NEAR COVERING ANY OF IT. WE HAVE FIRE STATION FIVE THAT HANDLES ALL THE CALLS THROUGH THERE. THAT, THAT, THAT STATION ALONE IS ABOUT FOUR AND A HALF MILLION DOLLARS FOR THAT FIRE STATION PLUS ALL THE POLICE SERVICE ASSOCIATED WITH IT. SO WHAT THIS DOES IS ALLOWS US TO EXTEND THE TIFF, BUT ALSO THE GENERAL FUND GETS ITS CUT TO CONTINUE TO PAY FOR SERVICES. AND ALSO THE TIFFS AREN'T CAPPED AT THREE AND A HALF. SO YOU SAW SOME OF THOSE NUMBERS, 20, 30% INCREASES IN TAX BASE. THAT ALL GOES TO THE TIFF. IT'S NOT CAPPED AT THREE AND A HALF BECAUSE IT'S NOT GOING INTO THE OPERATING MAINTENANCE FUND. SO IN, IN THEORY, WHAT YOU'RE DOING IS PROVIDING, GETTING FULL BENEFIT OF TAX-BASED GROWTH TO HELP OFFSET GENERAL FUND COSTS FOR POLICE AND FIRE SERVICES ALONG THAT 30. NOW THE REMAINING PIECE IS WHAT WE ARE LOOKING TO UTILIZE FOR ECONOMIC DEVELOPMENT AS SUPPORT TO WHAT WE'RE TRYING TO DO ALONG I 30, MOSTLY WITH THE HARBOR POINT AREA. SO THE 50% OF THAT, AGAIN, THAT'S ABOUT $1.06 MILLION. VERY, VERY CONSERVATIVE NUMBERS. ASSUMING NO OTHER CHANGES OTHER THAN WE RECEIVED THIS REVENUE PLUS, UH, A MODEST, UH, 2% INCREASE PER YEAR. THAT'S $35 MILLION FOR PROJECTS RELATED TO ECONOMIC DEVELOPMENT OVER THE NEXT 20 YEARS. QUESTION I'M SORRY, LEMME MAKE SURE I UNDERSTAND. SO THAT PROPOSED 1.1 MILLION, IS THAT A ONE TIME OR IS THAT GONNA BE A ANNUAL? WE, WE, WE ARE RECOMMENDING ANNUALLY AND POTENTIAL COST LIMIT ADJUSTMENT OR INFLATION ADJUSTMENT. YEAH, WE'RE REALLY, REALLY, THE PROPOSAL RIGHT NOW IS JUST 50% OF ALL TIF REVENUE GOES TO THE GENERAL FUND TO COVER POST. GOTCHA. IT IT, IT'S JUST SPLIT. I WAS GONNA ASK THAT TOO, CORRECT. IT'S JUST SPLIT IN HALF. OKAY. SO HALF OF IT GOES BACK TO THE GENERAL FUND TO SUPPORT OPERATIONS ALONG I 30 HALF OF IT GOES FOR ECONOMIC DEVELOPMENT PROJECTS. OH, 50%. THAT SEEMS LIKE A LOT. OKAY. AND HONESTLY, HOW WE CAME OVER THAT 50% IS MOST TS NOWADAYS THE RECOMMENDATION FOR MOST CONSULTANTS. AND WHEN YOU LOOK AT NEW TIPS THAT ARE CREATED, USUALLY YOU ONLY WANT TO USE HALF OF YOUR TAX INCREMENT 'CAUSE YOU DON'T WANT TO GO ALL IN LIKE WE HAVE DONE ON THIS ONE. SO RIGHT NOW WE HAVE HIRED A CONSULTANT, UH, A GENTLEMAN NAMED DAVID PETIT, WHO HAS A, FOR HIS ENTIRE CAREER, LOOKS AT TIFFS AND, UH, MAKES PROJECTIONS ON TIFFS. AND HIS PRIMARY TASK RIGHT NOW, AND I TALKED ABOUT THIS AT THE LAST MEETING, WE WERE, I WAS HOPING HE WOULD BE DONE, BUT HE IS NOT, UH, HE IS LOOKING AT THE OTHER PARCELS HERE ALONG THIS, ALONG I 30 FOR ANY SUGGESTIONS THAT COULD BE MADE TO THIS BOARD ON NOT, NOT THE EXTENSION OF THE TERM, BUT OF EXTENSION OF THE BOUNDARIES OR REDUCING BOUNDARIES. SO THAT'S WHAT HE'S LOOK LOOKING AT RIGHT NOW. SO HE'S GOING THROUGH EVERY PARCEL THROUGH, THROUGH, YOU KNOW, THIS WHOLE AREA. AND TYPICALLY WE DON'T PICK UP RESIDENTIAL PROPERTIES, BUT WE NEED TO PICK UP ALL THE VACANT PROPERTIES OR ANY OTHER PROPERTIES THAT THE CITY, CITY COUNCIL OR, UM, THE CONSULTANCIES FIT TO BE ADDED IN BECAUSE IT MAY HAVE A, A, AN IMPACT IN THE FUTURE. SO THAT'S WHAT WE'RE LOOKING AT NOW. AND I'M ANTICIPATING THAT HE WILL BE DONE IN SEPTEMBER BACK HERE. SO ON THE PROPOSED NEXT STEPS IN SEPTEMBER, THE CONSULTANT, UH, YOU KNOW, WILL, WILL BE DONE WITH HIS EVALUATION OF ADJUSTMENTS. AND SO I WOULD BE ASKING THAT WE HAVE ANOTHER MEETING WHEN HE'S FINISHED, UH, UH, PRELIMINARY RIGHT NOW IN SEPTEMBER, IF Y'ALL ARE OKAY WITH THAT TO GO OVER ALL OF HIS RECOMMENDATIONS. AND THEN, YOU KNOW, WE'RE ON THE CLOCK. 'CAUSE DECEMBER 31ST, WE GOTTA MAKE A DECISION THEN IN OCTOBER OR NOVEMBER, DEPENDING ON THE TIMING OF UH, Y'ALL'S QUESTIONS, IF Y'ALL NEED ADDITIONAL RESEARCH DONE AFTER SEPTEMBER, UH, GOING TO CITY COUNCIL WITH THE RECOMMENDATION AND THE FULL [00:30:01] PROJECT PLAN. AND SO THAT'S THE PROPOSAL ON THE TABLE NOW. AND I GUESS I'LL JUST OPEN IT UP TO QUESTIONS OR IF Y'ALL ARE INTERESTED IN MOVING FORWARD WITH THIS. SO I HAVE A QUESTION. I REALIZE YOUR CONSULTANT'S NOT DONE AND HE'S REVIEWING THE BOUNDARIES, BUT AS WE LOOK AT THE BOUNDARIES OF THE CURRENT TIFF, DO ANY, DO THE CH LEMME SEE HOW I WANNA ASK THIS. IF WE CHANGE THE TIFF SHAPE SIZE, WHAT HAVE YOU, DOES IT HAVE TO BE CONTINUOUS OR CAN IT BE LIKE SEPARATE PIECES? OKAY. ALL RIGHT. THAT'S THE INTERESTING THING. AT ONE TIME, A TIFF NEEDED TO BE A CONTIGUOUS BOUNDARY. THAT'S NO LONGER THE CASE. SO IF YOU WANTED TO HAVE, YOU KNOW, UP, LET'S JUST THROW UP NEAR THE FIREWALL AREA. IF THERE'S A PARTICULAR AREA OVER THERE THAT YOU WANT, YOU CAN PICK IT UP AND ADD IT INTO THIS TIFF. AND WITH THE ASSUMPTION WHY I'M CHOOSING THAT IS BECAUSE GEORGE BUSH RUNS THROUGH THERE, RIGHT? THERE'S A, THERE'S, THERE'S A, NOT GEOGRAPHICALLY CONNECTED, BUT THEY'RE CONNECTED BECAUSE THEY'RE PROJECTS THAT COULD HELP EACH OTHER OUT. RIGHT. THEY'RE ON THE SAME ROADWAY. YEAH. OKAY. NO, THAT MAKES SENSE. THANK YOU. YEAH, THAT'S HOW THEY GOT JUPITER FOREST AREA CONNECTED WITH DOWNTOWN IS THROUGH THE DART RAIL. IS THAT CORRECT? BECAUSE IT'S A CORRECT AND BECAUSE AT THE TIME THEY, THAT WAS WHEN IT HAD TO BE CONTIGUOUS. SO THEY, WHAT YOU WOULD SEE IN OUR OTHER TIFFS, AND I CAN PULL UP A MAP, IS, YOU KNOW, SOME CREATIVE, UM, SEE IF I CAN GET ONLINE HERE. I MEAN TIF, TIF THREE IS LIKE ALL THE WAY DOWN SHILOH. RIGHT. AND THAT'S WHAT I WAS GONNA SHOW IT IS FOLLOWING SHILOH ROAD ALL THE WAY DOWN AND THEN FOREST JUPITER FOLLOWS THE DARRELL LINE TO PICK IT UP. YEAH. IT'S A PUBLIC THOROUGHFARE, I BELIEVE IS WHAT IT NEEDS TO CONNECT THEM. IS THAT RIGHT? IT DOESN'T NEED NOT, IT DOES NOT NEED ANYTHING. OH, IT DOES NOT NEED ANYTHING ANY LONGER. RIGHT. OKAY. YOU WOULD JUST WANT TO MAKE SURE, I WOULD RECOMMEND THAT YOU WOULD WANT TO MAKE SURE THAT IT WAS CONNECTED IN SOME WAY. THE PROJECTS WITHIN THE PLAN ARE CONNECTED IN SOME WAY THAT OPENS UP A WHOLE LOT OF DIFFERENT POSSIBILITIES. CORRECT. ACTUALLY EXCITING. CORRECT. SO FOR EXAMPLE, UH, THERE ARE SOME LAND AVAILABLE IN THE ROLLOUT ROAD FROM ROBIN ROAD WHEN YOU COME, UH, FROM EAST, UH, TO UH, TO ROLLOUT ROAD FROM ROBIN ROAD. SO, SO THERE ARE SOME LAND IT'S PRIVATELY OWNED SO WE CAN OCCUR THAT LAND FOR THE ZONE. UH, IN THEORY, YES. YOU COULD PUT IT WITHIN THE ZONE. YEAH. YEAH. BUT, UH, IF IT'S UM, PRIVATELY OWNED, UH, WE WOULD PROBABLY WANT TO DETERMINE IF WE HAVE ANY INTEREST IN PURCHASING OBVIOUSLY. 'CAUSE WE WOULD NEED A PROJECT FOR IT. YEAH. IT'S A BIG LAND AND ANOTHER OWNER, YOU KNOW, IS PUT A SAIL BOARD THERE. SO THAT'S WHY I ASK. OKAY. BEHIND THE COUNTY ROAD AND TEXAS, THEY'RE SUPPOSED TO PUT IN A WHOLE NEIGHBORHOOD OFF OF A RAIL ROAD IN THE NEAR FUTURE. IS THAT SOMETHING LIKE YOU CAN JUST LIKE Y'ALL DID TO THAT Y REC FARM OR WHATEVER? YEAH, THAT'S EXACTLY WHAT THOSE ARE EXACTLY THE THINGS HE'S LOOKING FOR. SO WHEN HE SAYS YR FARM, WHEN WE FIRST CREATED THE MEDICAL DISTRICT, UH, THE CHALLENGE THAT HAPPENED THERE IS WE WERE PLANNING ON CREATING MEDICAL DISTRICT TO KEEP BAYLOR ALIVE. WELL, BAYLOR CLOSED BAYLOR SCOTT AND WHITE CLOSES AND IT WAS A TAXABLE PROPERTY. IT GOES NEGATIVE. WE DON'T WANT TO CREATE A TIFF THAT OUT AUTOMATICALLY HAS A $25 MILLION BIP DOWN. SO WHEN WE CREATED THE MEDICAL DISTRICT, TIFF, WE CREATED AROUND A FARM LAND, BUT WE KNEW THAT RESIDENTIAL PROPERTIES WERE COMING ON AND I MENTIONED THAT WE USUALLY DON'T WANT RESIDENTIAL PROPERTIES. AND THE REASON IS IN THIS TAX STATUTE, YOU CAN'T, YOU, YOU CAN'T HAVE RESIDENTIAL PROPERTIES THAT ARE ALREADY EXISTING THERE IN YOUR TIF UP TO, I BELIEVE IT'S 30% OF YOUR TIF. BUT IF IT WAS NEVER THERE TO START WITH, THEN THEY CAN BUILDING YOUR TIFF, THEN IT DOESN'T GO AGAINST THAT NUMBER. WHAT ABOUT OFFICE DEVELOPMENTS? HOW THEY'RE JUST LIKE COMMERCIAL LAND THEN? YEP. COMMERCIAL PROJECTS. OKAY. YEAH, RESIDENCE WAS THE ONLY THING THAT'S REALLY KIND OF THE PARTICULAR, IN A TIFF, YOU DON'T WANNA PICK UP A WHOLE LOT OF RESIDENTIAL LAND, BUT PICKING UP VACANT LAND THAT TURNS INTO RESIDENTIAL LAND, THAT'S A CASH COW FOR THE TIFF. MM-HMM . YEAH, THAT WAS GONNA BE ONE OF MY OTHER QUESTIONS ABOUT THE, UM, THE CRITERIA. ARE THERE CERTAIN TYPES OF BUSINESSES THAT WOULDN'T QUALIFY? I DON'T KNOW WHAT IT COULD BE. I DON'T KNOW IF IT'S, ARE THERE CERTAIN KIND OF BUSINESS THAT WOULD BE LIKE NO, NO. I MEAN THE ONLY THING THAT DOESN'T FLOW INTO THE TIFF IS BUSINESS PERSONAL PROPERTY. SO, UH, FOR INSTANCE, UH, IT WAS MENTIONED TIF THREE CONNECT, SHILOH ROAD, IT GOES ALL THE WAY NORTH AND GOES ALL THE WAY SOUTH SHILOH ROAD. AND THE REASON WHY WE DID THAT IS WE KNEW THOSE DATA CENTER CLUSTERS WERE COMING IN. SO WE WANTED TO PICK THOSE UP TO PROVIDE THE, THE INVESTMENT NECESSARY TO PUSH DOWN TO THE MEDICAL DISTRICT IN SOUTH. BUT IT, UH, ONLY THING THAT THE TIFF IS ALLOWED TO PICK [00:35:01] UP IS THE REAL PROPERTY. WELL THOSE DATA CENTERS ARE FILLED WITH SERVERS AND THERE'S ALSO THE, YOU KNOW, INDUSTRIAL AREAS THAT HAVE INVENTORY THAT'S, THAT DOES NOT FLOW TO A TIF THAT STILL JUST FLOWS TO THE GENERAL FUND AND DEBT SERVICE. SO IT HAS TO BE REAL PROPERTY TAXES. CAN WE PICK UP THE PROPOSED SOCCER FIELD? OR IS THAT ALREADY IN A TIF? IT'S IN TIF THREE. . , MATT, THIS, UH, THIS RENDERING HERE. MM-HMM . UM, WHAT WAS, WHAT WAS THE CONCEPT IN THAT? WAS IT ALL RESIDENTIAL OR WAS IT RESIDENTIAL MIXED USE. IT WAS OKAY. YEAH. SO THERE WAS SOME RETAIL IN THERE AND RIGHT. IT THAT'S NICE. YEAH. IT'S WOOD WALK. THAT'S GREAT. YEAH. THE WHOLE INTENT, UM, FOR THAT, 'CAUSE WE'RE OUT OF THE WHOLE INTENT OF WHY IT'S WALKABLE AND YOU WANT MIXED USE IS THE CITY OF GARLAND IS BUILT OUT. WE ONLY HAVE 3% OF OPEN, OPEN SPACE, GREEN SPACE LEFT. SO WHAT THAT MEANS IS YOU HAVE TO BE DENSER AND YOU HAVE TO UH, EITHER BE DENSER AND GO UP OR BE DENSER AND BRING PEOPLE IN TO WALK. SO THAT, THAT DEVELOPMENT IS, UH, IS, IS ENVISIONING BRINGING IN NOT JUST APARTMENTS AND MIXED, UH, MULTI-FAMILY BUT RESTAURANTS, UH, OFFICE SPACE AND THEN CONNECTING IT ALL THROUGH WALKING TRAILS AND ROADWAYS. IS THIS IN THE BACK OF ANYBODY'S MIND RIGHT NOW? 'CAUSE I MEAN, I THINK THAT'D BE GREAT FOR THAT AREA. SOMETHING LIKE THAT. WELL THAT DRAW THOSE DRAWINGS FOR THAT. AND THEN WE HAVE SOME OTHER SIMILAR DRAWINGS FOR SOUTH GARLAND. THE MEDICAL DISTRICT IS WHY WE WENT TO THE VOTERS FOR THE BOND PROGRAM. MM-HMM . 'CAUSE UM, THERE'S ONE THING THERE. THERE'S THE PLANNER GUYS AND THERE'S GUYS LIKE ME. SO PLANNERS DRAW ALL THESE PRETTY PICTURES ALL DENNIS. AND THAT'S NEVER HAPPENING. WELL THE WHOLE IDEA OF THE BOND PROGRAM IS, IS YOU GOTTA GET THE MONEY IN ORDER TO BE ABLE TO DO ANY OF THIS. SO THAT'S WHAT WE WERE LOOKING TO DO. AND AGAIN, TIFFS ARE GREAT TOOLS TO HAVE TO HELP SUPPORT THAT. FOR INSTANCE, UH, THAT $30 MILLION, UM, BOND PROPOSITION, PROPOSITION D TO DO THE, THE, THE BOARDWALKS AND TO CLEAN UP THE PARKS AND TRAILS. WELL THAT'S JUST ONE THING. THERE'S GOING TO BE INFRASTRUCTURE NEEDS. I MENTIONED ROADWAYS. THERE'S GONNA HAVE TO BE RECONFIGURATIONS OF ROADWAYS. THAT'S WHERE THE TIFF COULD COME IN. OR THERE COULD BE. WE HAVE, AND I'M, THIS IS JUST AN EXAMPLE, I'M NOT EVEN CO BELIEVE I'M SAYING THIS. HEB, WHOEVER COMES OVER AND WELL, WE NEED INCENTIVES. THAT'S WHERE THE TIFF CAN COME IN TO HELP SUPPORT THE MAIN PROJECT. YEAH. AS DISCUSSION ON TAX ABATEMENT OR YEAH. CORRECT. BY EITHER PROVIDING THE TAX INCENTIVE THAT'S COMING IN, PROVIDING A PORTION OF THAT. SO THAT'S WHY WHERE TIPS REALLY SHOW THEIR VALUE OR ACTUAL PORTION OF BUILDING OR CONSTRUCTION. CORRECT. CORRECT. YEAH. AS DISCUSSED IN THE LAST MEETING, ALL OF THOSE NEW MULTIFAMILY PROPERTIES AND THE HOUSING PROJECT PROPERTIES, THEY DON'T HAVE GROCERY STORES. RIGHT? RIGHT. YEAH, THAT'S CORRECT. I'M STILL WORRIED ABOUT THE FOOD DESERT. I REMEMBERED YOU SAYING THAT. THAT'S WHY I THREW OUT HBI DON'T DOES I APPRECIATE THAT . IT'S, THERE'S NO, NO, NO KNOWLEDGE OF ANY HEB COMING. BUT MATT, IS THERE ANY WAY, UM, I DID, I LOOKED AT THE AGENDA THERE. THIS SLIDE WAS NOT INCLUDED IN THERE. THERE ARE PARTS OF THE SLIDE THAT ARE HERE, BUT NOT AFTERWARDS TO A CERTAIN POINT. IS THERE ANY WAY THAT, UM, THE FULL SLIDE, IS THIS THE ENTIRE THING THAT YOU PRESENTED LAST WEEK? OH NO, THIS IS THE NEW PRESENTATION AND I'VE A I WANTED TO ADD SOME OF THE OLD SLIDES IN SO THAT Y'ALL TO GIVE EVERYONE A CHANCE TO CATCH UP TO WHERE WE'RE AT. RIGHT. OKAY. UM, THAT, THAT, THAT'S THIS, THAT WAS OVER THERE. OKAY. I'LL PICK IT UP NOW. I CAN, IF YOU, YOU WANT ELECTRONIC COPIES, I CAN EMAIL THIS. THAT'S, THAT'S OKAY. I DID NOT KNOW NEWBIE DIDN'T KNOW TO GO OVER THERE AND GRAB ALL OF HIS STUFF, SO. WELL THAT'S OKAY. LAST, LAST ONE. AT LEAST HAVE A BINDER. WE HAD THEM AT OUR SPOT. SO IT, I HAVE A BINDER TO YOU HAVE A BINDER. YOU GOT A BIND. THANK YOU VERY MUCH. I APPRECIATE I DON'T HAVE A BIN. YEAH, THAT'S WHAT I . THANK YOU. YEAH, I LIKE THAT PROJECT MAN. SOMETHING LIKE THAT. SOMETHING. OKAY. YEAH, THAT WOULD'VE BEEN GR THAT WOULD'VE BEEN GREAT. UM, QUESTION IN REGARDS TO THE TIFF BOUNDARY THAT IS OVER HERE AT HARBOR POINT. MM-HMM . UM, I SEE THERE'S A LITTLE AREA THAT'S CARVED OUT ON THE FAR EAST SIDE OF THAT, UM, SOUTH OF, OF 30 THERE. YEP. IS THAT ACTUALLY WHERE BASS PRO IS SITTING? IS THAT THEIR BUILDING? AND IT'S NOT IN THE ZONE? UM, I DON'T, I THINK YOU'RE TALKING, ARE YOU, WHOOPS, CHANGE THE SLIDE. EXCUSE ME. TALKING ABOUT THE AREA THAT'S NOT IN THE ZONE RIGHT THERE. YEAH. UH, THIS SHOULD BE BASS PRO RIGHT HERE OR NO, THAT IS BASS PRO. THAT IS BASS PRO. THEY'RE RIGHT ON THE WATER. CORRECT. AND THAT'S, THIS IS OUR, UH, THAT'S THE PARKING LOT. OKAY. OKAY. SO BASS PRO ITSELF IS NOT IN THE TIFF. IT HAS TO BE IN THE TIFF. I, THAT CAN'T BE RIGHT HERE. LET ME PULL UP A GOOGLE MAP. IT JUST, I DON'T MIND TAKEN AWAY. . RIGHT. IT MAY JUST BE A LARGE, UH, YOU DO THE GREEN HIGHLIGHTER [00:40:02] BY THE WAY. IF YOU JUST GOOGLE CITY OF RTS PULLS RIGHT UP. LEMME SEE IF I CAN, OF COURSE IT DOESN'T. IT'S USUALLY FIRST A MONTH, ISN'T IT? THE ONE YOU WROTE PAST ON THE BOTTOM? I SAW A TIFF ONE IN THERE. YEAH, RIGHT THERE. THE TAX INCREMENT FINANCING BOARDS. IT'S JUST A BOARD. OH YEAH. THE GIS NO GS. OKAY. BUT I DON'T KNOW THAT IT HAS MAPS. IT JUST HAS ALL OUR NAMES. WELL LET'S JUST GOOGLE MAP IT. WE KNOW WHAT THE PROPERTY IS, YOU'RE RIGHT. IT IS, IT IS BAS PRO THE RESEARCH WHY IT'S NOT IN THERE, BUT IT WAS PROBABLY, WE STILL OWN THE LAND THAT THEY'RE SITTING ON. STILL OWN THIS, THIS LAND, BUT NOT THE LAND THAT THE BUILDING BUILDING IS ON. CORRECT. THE PARKING LOT, YOU KNOW. OKAY. SO THEY OWN, THEY OWN THE BUILDING, THE LAND THAT THEY BUILT ON. WHAT WAS THE LEASE BACK YOU SAID? OR LEASE? SOMETHING'S GONNA EXPIRE IN A YEAR OR TWO. YEAH, 2026 FOR THIS AREA. 'CAUSE THEY OWN THE, THE, THE COMPANY THAT OWNS BASS PRO TECHNICALLY OWNS ALL THIS PROPERTY HERE TOO OR DOESN'T OWN. THEY HAVE ALL, THEY OWN THE, THEY'RE LEASING OUT THESE UM, SHORE FRONTS. SHORE FRONTS. OKAY. SO WE DON'T OWN THE SHORE FRONT PROPERTY. NO. OKAY. AND ALSO, UM, BACK TO YOUR MAP, IF YOU DON'T MIND. THAT SHOWED THE BOUNDARIES. THERE WAS A POINT UP THERE ALSO ON THE, UH, NORTH SIDE OF I 30, UM, WEST SIDE OF THE POINT. MOVE YOUR MOUSE UP, UP THERE YOU GO. RIGHT THERE. MM-HMM . IS THAT NOT TIFF EITHER? YEAH, THIS HAIR IS NOT BECAUSE THAT'S JOHN PAUL JONES PARK. OH IS IT? OKAY. OKAY. YEAH. WHAT ABOUT THAT? I'M NOT FAMILIAR, MUCH FAMILIAR WITH ANYTHING NORTH OF I 30. SO YEAH, THE LITTLE CUT OUT, THE LITTLE SQUARE BESIDE THE OTHER GREEN SQUARE. THE WHITE SQUARE. AND THE GREEN SQUARE IS THAT I SAYING DOWN, DOWN, DOWN. SO YOU THERE, UP, UP RIGHT THERE. THIS THE OTHER ONE THAT YEAH. YEAH. THAT, THAT WAS VACANT LAND. AND I THINK THAT'S THE WAS THAT THE RV PART? THE RV PARK, YEAH. OKAY. SO THERE'S SOME A, THERE'S AN PROPOSAL OF, IF I REMEMBER CORRECTLY, IF I HADN'T FALLEN, FALLEN THROUGH, IS THERE NOT AN APARTMENT COMPLEX THAT IS GOING IN? IS THAT A ZION, IS THAT BORDER OF ZION RIGHT THERE WHERE YOUR MOUSE IS? YES. OKAY. IS THERE NOT AN APARTMENT COMPLEX GOING IN OR, OR SOMETHING IN THAT BLANK AREA BETWEEN UM, THE RV PARK AND, AND THE PARK TO THE WEST OF IT? THIS AREA? YEAH. YES SIR. I THINK IT'S ALREADY APARTMENTS. I THOUGHT IT WAS TOO WELL IT, IT, IT, THEY MAY HAVE DONE IT SINCE I HEARD IT AND THEY, BECAUSE THEY APARTMENTS GOT QUICKLY, BUT THAT'S NOT PART OF IT EITHER. THEN MAY HAVE BEEN A LOST UH, YEAH. LOST OPPORTUNITY IF UNLESS IT'S NOT COMPLETED WE EXPAND TO THAT AREA. YEAH, BECAUSE IT WAS, IT WAS, THEY WERE GONNA BE DOING SOME PRETTY EXTENSIVE STUFF THERE RE REDOING ZION ROAD IF I, IF I RECALL. SO, UM, YEAH, I WOULD, I WOULD LIKE TO EXPLORE WHETHER OR NOT THAT IS POSSIBLE TO SCOOP UP BEFORE THEY'RE COMPLETED. I GUESS IF YOU CAN DO IT BEFORE IT'S COMPLETED, IT HAS TO BE DONE BEFORE COMPLETION. UH, WELL, SO ANYTHING THAT, SO THE, THE THE, THE VALUE OF THAT COULD BE COMING ON IF IT'S UNDER CONSTRUCTION. RIGHT? RIGHT NOW WE MAY HAVE MISSED A PORTION OF IT BUT IF IT, WHEN IT'S COMPLETED YOU CAN PICK UP THE REST OF IT IF IT'S NEXT YEAR. OKAY. OKAY. THAT'S EXACTLY WHAT THE CONSULTANT, I'M SORRY I HAVEN'T STUDIED THE MAP A WHOLE LOT. SO THERE COULD BE SOME OTHER PICKUPS TOO POTENTIALLY. CORRECT? CORRECT. AND I MENTIONED THE 40 ACRES OF VACANT LAND, IT'S GONNA SCATTERED ALL THROUGH HERE. THAT'S KIND OF THE MAIN, SO ITS MAIN REASON WHY CALL HIM IS LIKE YOU NEED TO LOOK AT THESE AND THEN UM, FOR THOSE THAT HAVE BEEN AROUND [00:45:01] A LONG TIME MAY RECALL THE FAULKNER PROPERTIES THAT ARE OVER THERE. YEAH. SO THERE'S A LOT OF OPPORTUNITY THERE. SO A LOT OF JUST FOUNDATIONS THAT FOUNDATIONS THAT JUST SIT THERE. YEAH. SO SOME OF 'EM ARE RECENT FROM THE TORNADO AND SOME OF 'EM ARE RIGHT SINCE THE EIGHTIES. RIGHT. , SO THOSE ARE THE, THAT'S THE 40 ACRES OF VACANT PROPERTY THAT I WAS MENTIONING IN THE EIGHTIES. THE EIGHTIES STUFF OR THE OH YEAH. MOST OF THAT WAS FROM UM, THE, THE FAULKNER MESS, THE ALL THAT WENT ON THROUGH THERE. MULTIFAMILY, JUST A LOT OF BLANK SLABS. YEAH. THEY REBUILT THOSE APARTMENTS KNOWING THERE WAS A HIGHWAY COMING THROUGH THERE. THEY STILL BUILT THEM ANYWAYS. OH YEAH. AND THEN THEY GOTTA TEAR THEM DOWN FOR ONE 90. RIGHT. THEY'RE LIKE PAY ME MONEY MAKING MONEY NOW THOUGH. SO, AND THIS IS PROBABLY TIF THREE ALSO, BUT THEN THE NAMAN SCHOOL ROAD EXPANSION PROJECT, IS THAT TIF THREE? NO, MOST OF THAT IS NOT IN ANY TIF ON THE EXPANSION NAME, BUT NAMAN WAS A PART OF THE 2019 BOND PROGRAM. IT'S FUNDED. I MENTIONED THAT BECAUSE SINCE WE WERE TALKING ABOUT FIRE WHEEL AND I BROUGHT UP THE SOCCER THING THAT WE LOST OUT ON, BUT THERE IS A, A BUNCH OF VACANT PROPERTY THAT IS ON THE OTHER SIDE OF BRAND AND NAMAN ON THE NAMAN SCHOOL SIDE OF ONE 90. THAT'S GONNA BE, THAT'S GSP? NO. 'CAUSE THEY'RE GONNA TURN IT INTO OFFICES. THAT'S WHY I ASKED ABOUT OFFICES. YES. OFFICES ARE GREAT FOR TIFFS MM-HMM AND I'LL TELL YOU THAT HE IS CONSTRUCTION. YEAH. RIGHT NOW THE CONSULTANT IS LOOKING IN THAT AREA NORTH MOSTLY JUST 'CAUSE THAT'S WHERE THE VACANT LAND IS. HE IS LOOKING FOR THAT CONNECTIVITY THAT I MENTIONED FROM GEORGE BUSH OVER INTO THE, THE FIRE WHEEL TOWN CENTER AREA FOR REALLY A REALLY WHAT WE'RE LOOKING TRYING TO DO THERE IS DETERMINE IS THAT BETTER FOR THIS TIFF OR IS THAT BETTER FOR A STANDALONE TIFF OR IS IT BETTER NOT TO EVEN DO A TIFF? THERE'S NOT TO GET INTO A LOT OF THE STUFF, A LOT OF THE DETAILS OF UP THERE, BUT THERE, THERE'S A LOT OF COMPLEX LEASES AND LANDOWNERS AND NEGOTIATIONS AROUND THERE, WHICH IS WHY YOU SEE A LOT OF VACANT LAND AROUND FIRE OIL AND, AND THAT'S VALID AND FAIR. MM-HMM I JUST KNOW THAT THEY'VE STARTED PUTTING CONSTRUCTION STUFF ON THAT SITE. LIKE THEY'VE GOT THE TRAILER WITH THE BIG ADVERTISING BUT THEY DON'T, THEY HAVEN'T BROKEN GROUND YET. OKAY. I KNOW THAT 'CAUSE I LIVE BY THERE. IS THAT THE DPS BUILDING? NO, THAT THAT'S FINISHED. FINISHED NAME AND SCHOOL NAME AND SCHOOL. YOU COME UP THE NICE PRETTY PART OF NAMAN SCHOOL ROAD AND AT THE, THE TRAFFIC LIGHT AT NAIMAN SCHOOL ROAD AND BRAND WHERE THE LITTLE PART OR THE LITTLE GARDEN, THE DENTIST WHERE THE LITTLE GARDEN IS BUT A LITTLE BIT FARTHER UP. SO THAT'S LIKE, LIKE THE DENTISTRY? YES. WHERE THE DENTIST IS ON THE OTHER SIDE OF THE DENTIST. THE SIDE OF THAT PROPERTY FACING ONE 90 IS WHERE THEY'RE GONNA PUT LIKE OFFICES AND GARAGES. THEY'RE GONNA PUT IN SOME FANCY UH, LIKE RACE CAR GARAGES, SOMETHING LIKE THAT. AND I DON'T KNOW EXACTLY WHAT, BUT YEAH, OFFICE OF AMERICA. YEAH. GARAGES OF AMERICA. YEAH, GARAGES OF AMERICA. THEY BASICALLY HOUSE THEIR MAN CASE FOR PEOPLE WITH EXPENSIVE CARS. . I DIDN'T KNOW GARLAND COULD SUPPORT SOMETHING LIKE THAT ACTUALLY. OH YEAH. THAT'S INTERESTING. IT'S NICE. IT'S NICE TO KNOW THAT. SO WE'RE GETTING ONE OF THOSE, FOR THOSE OF YOU WHO LIKE EXPENSIVE MAN CAVE CAR THINGS. MY FERRARI, , MAC AND PARK. HIS, WHAT IS IT? A LOTUS PINTO. SO ANYWAY, I GUESS ANY OTHER QUESTIONS ASSOCIATED WITH THIS OR ANYTHING? SO WHENEVER THE CONSULTANT GETS DONE, UM, ARE WE GONNA GET SENT THIS OR ARE WE JUST, YOU GONNA HOLD ONTO IT UNTIL WE HAVE ANOTHER MEETING? UH, SO WE CAN GO OVER HIS REPORT RIGHT. AS SOON AS I CAN GET IT, I'LL, I WILL MAKE SURE THAT EVERYONE HAS IT AND I CAN SEND IT OUT IN ADVANCE AND WE'LL SCHEDULE A MEETING. PERFECT. OKAY. PERFECT. YEAH, YOU SAID INTERESTING. YOU CAN SEND THIS OUT TOO. YOU CAN I CAN SEND THIS OUT. I CAN SEND, YEAH. OKAY. WHATEVER Y'ALL NEED. I'LL SEND, ARE YOU ASKING FOR US TO DO FOR RIGHT NOW WHAT WE'RE DOING? SO RIGHT NOW WE'RE JUST REVIEWING WHAT Y'ALL ARE HAVING AND THEN WE'LL WE'LL TALK ABOUT THIS IN A MONTH. IN A MONTH OR SO. I THINK REALLY WHAT I'M LOOKING, I HAVE IT RIGHT NOW IS CONSIDERED LIKE TO ACTUALLY TAKE FORMAL ACTION ON THE PLAN, BUT SINCE WE DON'T HAVE IT DONE, I THINK REALLY WHAT I WOULD LOOK FOR IS A THUMBS UP BECAUSE WE HAVE THIS IN THE PROPOSED BUDGET. AND THE LAST THING I WANT TO DO IS WE GET ADOPT A PROPOSED BUDGET AND Y'ALL ARE NOT INTERESTED IN DOING THIS. AND THEN NO, I I THINK WE SHOULD PROVE, I THINK I'M JUST LOOKING FOR A THUMBS UP TO MOVE FORWARD WITH [00:50:01] DEVELOPING A PROJECT PLAN THAT HAS THIS 50% CONCEPT IN IT AND THEN BRINGING THE CONSULTANTS PIECE ON TOP OF THAT FOR THE NEXT THING FOR ACTUAL REAL FORMAL ACTION ON WHICH I WANT TO, UH, MAKE RECOMMEND TO CITY COUNCIL. YOU GOT MY THUMBS UP. YEAH. SO SORRY. NO, I'M GONNA, I'M JUST GONNA ASK SOME QUESTIONS HERE. SO YOU TALKED ABOUT, UM, THE PUBLIC SAFETY OPERATIONS ALONG THE I 30 CORRIDOR AREA AND YOU MENTIONED STATION FIVE, UM, FIRE STATION FIVE, THEY'RE, YOU KNOW, AS YOU KNOW, THEY ARE PART OF THE PUBLIC SAFETY ALONG THAT AREA, BUT THEY'RE NOT RIGHT CURRENTLY IN THE TIFF ZONE. CORRECT. SO THAT'S, YOU'RE JUST SAYING, WELL WE JUST WANT 1.05 MILLION TO DO WITH THIS AND THEN WE'RE GONNA TAKE CARE OF, IS THAT COVERING SALARIES? IS THAT COVERING EQUIPMENT? IS THAT COVERING, UM, MAINTENANCE? I MEAN IT'S JUST WHATEVER NEEDS TO BE DONE AS FAR AS MANPOWER VEHICLES CORRECT. THINGS LIKE THAT. YOU HAVE TO PUT THEM IN THE TIFF FIRST. NO, WE DON'T NEED THE FIRE STATION DOESN'T NEED TO GO IN THE TIFF. SO WHAT, THAT'S WHY IT'S BEING PULLED AS FROM THE TIFF INTO A GENERAL FUND BECAUSE THE GENERAL FUND COULD BE USED FOR WHATEVER AND I'M CORRECT, CORRECT. THAT'S CORRECT. THAT'S NOT SO THEY JUST WANNA PULL AND THAT'S, AND IN THE PROJECT PLAN, WHICH I JUST KNOW THAT THE COST OF RUNNING POLICE AND FIRE SERVICE IS WELL OVER A MILLION DOLLARS THERE. BUT WE, IN THE PROJECT AND FINANCE PLAN, THERE WILL BE DATA AND ASSUMPTIONS ON WHY WE, WHY WE'RE ASSUMING THAT THIS IS OKAY. I MEAN THE COST OF THAT AREA DOES CANNOT EXCEED OR CANNOT, WE CANNOT JUST GIVE THE GENERAL FUND THIS MONEY IF WE'RE NOT SPINNING IT IN THAT AREA. IF THAT MAKES SENSE. SO IT GOES IN GENERAL FUND, BUT IT'S CARVED OUT FOR US. IT'S EARMARKED FOR THE PUBLIC SAFETY, IT'S EARMARKED FOR PUBLIC SAFETY ALONG I 30. OKAY. I I AM PART OF ANOTHER STAKEHOLDER COMMITTEE THAT COULD PLAY A DIFFERENCE IN THE AMOUNT OF MONEY THAT IS REQUIRED FOR THE PUBLIC SAFETY FOR EMS AND FIRE. I DON'T HAVE ALL THAT INFORMATION AT THIS POINT. WE MEET NEXT, WE MEET IN SEPTEMBER, SECOND WEDNESDAY, UM, FOR THE FIRST TIME. SO I DON'T KNOW THAT I'M READY TO AGREE TO A 50% OUT OF THE TIF TO SUPPORT PUBLIC SAFETY OPERATIONS. IF FIRE AND EMS IS LOOKING TO CUT, UM, PARTICULARLY EMS SERVICES OUTTA THE CITY. I DON'T KNOW, I JUST WANT TO KIND OF WAIT AND SEE. WHAT'S THAT COMMITTEE NAME? IT'S CALLED THE EMS FIRE SERVICES STAKEHOLDER COMMITTEE. WE'LL SEE YOU THERE . WELL, WITH THAT BEING SAID, CAN THAT BE ADJUSTED? I'M ON, I'M, I'M, I'M I'M ON THE COMMITTEE AS WELL BY THE WAY. RIGHT. , I SAW YOUR NAME. . WITH THAT BEING SAID, CAN IT BE ADJUSTED THEN IF IN FACT SOMETHING RIGHT? YEAH, WE CAN MOVE FORWARD. I MEAN IT CAN BE ADJUSTED TO WHATEVER IT NEEDS TO BE. I'M JUST SAYING THAT RIGHT NOW IN THE PROPOSED BUDGET, THE CITY COUNCIL IS SEEING THIS IS THERE TO COVER EXISTING SERVICES AND TO HIS POINT, UH, ONE THING THAT COULD BE LOOKED AT IS FOR EMS SERVICES TO BE TECHNICALLY OUTSOURCED. THAT'S ONE POSSIBLE, POSSIBLE THING THAT HAPPENS. UM, I DON'T THINK IT WOULD REDUCE MAN HOURS THOUGH. RIGHT? BECAUSE YOU'RE GONNA TAKE, YOU'RE GONNA TAKE YOUR EMS PARAMEDICS AND CONVERT THEM TO FIREFIGHTERS BECAUSE I THINK THERE'S ANOTHER IDEA THAT'S BEING FLOATED THAT WOULD REQUIRE ACTUALLY MORE HAND POWER. UM, BECAUSE THERE MAY BE A FOURTH SHIFT. YEAH, POSSIBLY IF, IF THEY GO THE WAY THEY WANT TO GO, THE WAY I, I KIND OF SUPPORT THAT, BUT IT WOULD INQUIRE, IT WOULD REQUIRE MORE MONEY. SO 50% MAY BE GOOD, 50% MAY BE BAD. 50% IT'S JUST NOT KNOWN RIGHT NOW. SO BEFORE I CAN PUT A THUMBS UP ON THIS, I WANT TO KIND OF SEE WHERE THE CITY IS GOING TO FIRE EMS SERVICES AND THE MILLION DOLLARS. I CAN JUST TELL YOU IT IS FINE IF WE HOLD OFF THAT IS FINE. BUT THE MILLION DOLLARS, IT'S DROP THE BUCKET, DROPPING THE BUCKET AT THE COST OF THE PUBLIC SAFETY AT LONG I 30. YEAH. UH, BUT YOU ARE TALKING ABOUT 20 YEARS. SO IF WE, IF SAY THE TIFF HAS A MASSIVE BOOM AND THAT MILLION DOLLARS TURNS INTO $10 MILLION AND WE'VE OUTSOURCED EMS, THAT'S NOT GONNA BE, IT IS GONNA BE HARD TO JUSTIFY AS UM, WE WOULD BE ABLE TO COME BACK AND AMEND THE 50% CORRECT. AT ALL TIMES. 'CAUSE AGAIN, THE WAY I LIKE FOR TIFF, YOU CAN RUN THE TIFF HOWEVER YOU WANT. HOW I LIKE TO RUN TIFF IS YOU AMEND THEM ANNUALLY AS NEEDED. AS AND AS NEEDED. OKAY. BUT THEY, THEY WOULD HAVE TO BE AMENDED LIKE PER BUDGET YEAR. YOU KNOW, LIKE WHEN THE NEXT BUDGET'S COMING OUT, IT'S LIKE, HEY, WE NEED TO, ARE WE STILL GONNA DO 50%? 'CAUSE THEY NEED TO KNOW YES OR NO. ARE THEY GONNA GET THE 5 MILLION? THAT'S HALF OF WHAT WE HAVE. RIGHT? [00:55:01] SO TECHNICALLY THIS IS A BRAND NEW TIFF IN MY MIND THAT ACTUALLY HAS INCREMENT ALREADY ASSOCIATED WITH IT. 'CAUSE IT HAS REALLY NO NEW PROJECTS. DOWNTOWN IS PROBABLY OUR MOST SOPHISTICATED TIFF RIGHT NOW. AND IT, IT IS AMENDED ANNUALLY. THE PROJECT PLAN IS AMENDED ANNUALLY BECAUSE JUST NEW THINGS COME ALONG WELL, I MEAN, DOWN TO TOWN SQUARE COMES ON. ALL OF A SUDDEN NOW WE NEED MORE SPECIAL EVENTS. WE NEED, UH, MAINTENANCE ALONG IT. SO THERE'S ALWAYS NEEDS THAT COME ALONG. AND THAT'S WHAT I'M SUGGESTING FOR THIS TIFF. IT JUST KIND OF TAKES OFF AND IT'S AMENDED ANNUALLY OR AS NEEDED AS REVENUES CHANGE AND EXPENDITURES CHANGE. 'CAUSE THINGS CHANGE. I, WE CAN'T PREDICT. OKAY. SO WITH THAT IN MIND, IF WE'RE ABLE TO AMEND ACCORDINGLY EACH YEAR ACCORDING TO THE TIFF INCOME, THE BUDGET, ALL THAT GOOD STUFF, I'M GOOD WITH GIVING IT THUMBS UP FOR THE INITIAL 50% AS WE CONTINUE TO, TO GROW THIS TIFF THIS ZONE, WHETHER IT BE BY EXPANSION OR WHAT HAVE YOU. I'M FINE WITH THAT. OKAY. THANK YOU. SO YES, YOU HAVE MY THUMBS UP NOW LIKE LAST, OKAY, UH, WE KIND OF RAN A, B, AND C TOGETHER, SO I'M GONNA READ IT REAL FAST. A WAS UPDATE ON REVENUE PROJECTS FOR 25 26. PROPOSED B WAS CONSIDER EXTENDING THE TERMINATION DATE OF THE TWO C WAS CONSIDERED UPDATING THE PROJECT AND FINANCIAL PLANS FOR TIF TWO. SO IF WE WANT TO TAKE A UP DOWN VOTE FOR THE, UM, FOR A WELL NO, FOR THE WHOLE THING. SAYING THAT WE WE'RE KIND OF IN FAVOR. TWO A IS AN UPDATE, UM, I, I THINK ON ACTION ON B AND C JUST TO EITHER, YEAH, IF Y'ALL WANT TO GO FORWARD THEN MAKE A MOTION TO APPROVE ITEM . YEAH. TWO B AND TWO CB B2B AND TWO C3 B AND THREE C. RIGHT. THREE B I'LL SECOND IT. ALL RIGHT. YEAH. GOT A MOTION AND A SECOND TO ACTION AND ABUSE COMES UP, RIGHT? YEAH. YOU ARE APPROVE FOR TERMINATION. NO, NO, NO, NO, NO, NO. C EXTEND THE TERMINATION. YEAH, YEAH. EXTEND, EXTEND THE TERMINATION, EXTEND THE NAME. THAT'S UNANIMOUS. ALRIGHT, WE GOT 1, 2, 3, 4, 5, 6, 7. UNANIM. YOU MAY, UNANIMOUS MAY NOT BE THE BEST. WELL RUN TIFF. WE ARE CERTAINLY THE FUNNEST. SO UNANIMOUS YOU ARE . THAT'S UNANIMOUSLY APPROVED. YES. OKAY. AND SO WE PROBABLY TALKING ABOUT A DATE IN SEPTEMBER. DO YOU HAVE ANY DATE ON YOUR MIND? WE ACTUALLY, UM, TENTATIVELY HAD IT ON THE SCHEDULE. DID WE? I THOUGHT WE HAD ONE IN NOVEMBER ON THE SCHEDULE. OH, YOU'RE RIGHT. IT WAS, WE DID. OH, WAS IT OCTOBER? , BUT YES, YOU'RE RIGHT. AND WE KIND OF THOUGHT, UH, THIS MIGHT BE BAD FOR YOU, BUT THERE'S SEVERAL 'EM TALKED ABOUT SIX 30 WOULD BE A BETTER START TIME SO THEY CAN GET OFF WORK AND NOT RACE OVER HERE. WOULD THAT BE SOMETHING THAT'D BE OKAY WITH YOU? IT'S, UH, ON YEAH, THAT'S, THAT'S PERFECTLY FINE WITH ME WHEN WE SHOW UP. WHEN YOU NEED US TO SHOW UP SATURDAY. WE GO BEFORE THE BOARD TO VOTE TO HAVE A NEW START TIME, SIX 30 INSTEAD OF SIX O'CLOCK. I HAVE A QUESTION. UH, WHEN YOU WANT TO ACQUIRE A LAND, YOU KNOW, LIKE I TALK TO YOU FIRST. UH, SO WHAT IS THE PROCEDURE FOR, UH, ACQUIRING LAND? YEAH. FOR THE CITY TO ACQUIRE LAND? YEAH. UH, WELL TYPICALLY THE PROCEDURE ON THE ACQUIRING OF LAND WOULD BE, UH, WE WOULD HAVE TO GO FORWARD TO THE CITY COUNCIL. AND TYPICALLY WE DO THAT IN AN EXECUTIVE SESSION BECAUSE WE'RE TALKING ABOUT COMPETITIVE PURCHASES. SO WE WOULD GO FORWARD IN A WORK SESSION TO CITY COUNCIL WITH A SUGGESTION OF WE WOULD LIKE TO PURCHASE X, Y, Z LAND. UM, PRIOR TO THAT, STAFF WOULD HAVE BEEN EVALUATING THE REASONS FOR WHY WE WANT TO PURCHASE THAT LAND. IS IT ECONOMIC DEVELOPMENT? IS IT FOR OUR OWN FACILITIES? UH, IS IT, UH, SOMETHING THAT HAS TO BE THROUGH EMINENT DOMAIN TYPE SITUATION WHERE WE HAVE TO PUT A ROADWAY THROUGH. SO ALL THAT'S IN THE WORKS BEFORE, BUT THE, THE FORMAL ACTION IS UH, WORK SESSION, EXECUTIVE SESSION, GET THUMBS UP FROM COUNCIL, AND THEN WE BRING FORWARD, UH, UH, THE, UH, CONTRACT FOR APPROVAL AND THE COUNCIL HAS TO APPROVE IT. YEAH, SO IT'S COUNCIL THAT APPROVES ANY, IT'S GOT THE TIPS ARE KINDA WEIRD. Y'ALL'S JOB IS RECOMMENDATIONS TO COUNCIL. COUNCIL APPROVES. THANK YOU. IF YOUR MEETING'S ON THE SECOND WEEK OF SEPTEMBER, DO YOU WANT MEETINGS ON THE THIRD? I WOULD. I, YEAH. I WOULD LOVE TO BE ABLE TO STICK THIS STICK WITH THE THIRD WEDNESDAY OF, OF, UH, THE WEEK. WHENEVER Y'ALL WANNA MEET AND YOU'RE POSITIVE. YOURS IS ON THE SECOND. SO I APPRECIATE, UH, YOU CAN DO ON TEST DAYS BECAUSE EVERY WEDNESDAY AND UH, TUESDAY I HAVE SOME. NO, WE'RE ALREADY ON WEDNESDAY TODAY ON THE SAME DAY OF THE WEEK. WE'RE JUST GONNA DO IT AT SIX 30 IF THAT'S ALL RIGHT. CAN WE POSTPONE TO THURSDAY, WEDNESDAY THE MEETING? YEAH. THURSDAY. ANYTIME. THURSDAY. THURSDAY. THURSDAY. THURSDAY. OH, THURSDAY I HAD TO GO FOR, MY WIFE IS WORKING WITH NICU. YOU WANNA DO IT ON THE 24TH? WOULD THAT BE FINE WITH YOU OTHER THAN TUESDAY AND UH, WEDNESDAY? I CAN DO, DO WE HAVE ANY TIFF MEMBERS THAT AREN'T HERE? OH, THIS CHAIR. THE CHAIR'S NOT HERE. ONE SUGGESTION I WAS GONNA MAKE [01:00:01] AND, AND TO ANSWER, WE DON'T NEED LIKE A FORMAL VOTE ON CHANGING THE TIMES AND THE DATES OF THE TIFF MEETING, BUT ONE SUGGESTION IS WE COULD HAVE EITHER COURTNEY OR MYSELF TOMORROW REACH OUT WITH SUGGESTED TIMES, JUST DO NOT REPLY BACK TO ALL WHERE WE WILL BCC EVERYBODY DON'T REPLY BACK TO ALL. 'CAUSE THEN WE GOT QUORUM ISSUES AND WE CAN JUST GATHER DATES THAT WORK FOR YOU IF YOU WANT TO DO THAT. OKAY. WE CAN PROVIDE SUGGESTIONS. SO IF YOU HAVE SUGGESTIONS THAT WAY WE CAN MAKE SURE EVERY TIF BOARD MEMBER HAS A WAY, UH, CHANCE TO WEIGH IN. DO Y'ALL SEE THURSDAY IS A BAD DATE? YOU DO THURSDAY'S BAD FOR YOU? YEAH. CITIZENS FIRE CLUB. OH, OKAY. WE'LL SEND OUT AN EMAIL. YEAH, THAT'S HOW ABOUT MONDAY? LET'S DO THAT. HOW ABOUT MONDAY? THEY'RE MONDAYS BAD EMAIL WITH A LOT OF CHOICES. THE AND THEN I'LL REPLY. SO WHY WEDNESDAY'S JUST BAD FOR MONDAY OR FOR THE, EVERY, EVERY WEEK EVEN HAS, THAT'S WHY I EITHER MONDAY OR FRIDAY AT TEST DOWN. THEY HAVE WORK SESSIONS ON MONDAY AND THEY HAVE CITY COUNCIL ON TUESDAY OR FRIDAY, NOT FRIDAY. ARE WE SITTING DOWN TAKING UP A FRIDAY NIGHT? CAN'T GIVE THAT UP. I DON'T HAVE A LIFE, I DON'T NEED TO HAVE LESS OF A NO LIFE. YEAH, I'LL SEND OUT, WE'LL SEND OUT EMAILS 'CAUSE WE HAVE RECORD OF ALL THE CALENDARS. LIKE FOR INSTANCE, MONDAY AND TUESDAYS ARE D DIFFICULT BECAUSE COUNCIL'S TYPICALLY HERE EVERY OTHER MONDAY, TUESDAY. AND THERE'S ALSO BOARD OTHER BOARD MEETINGS THAT ARE GOING ON HERE. SO LET US REVIEW THE CALENDAR FOR AVAILABLE TIMES AND DATES AND WE'LL SEND OUT A SURVEY LIKE, UH, ITEM TO GET EVERYONE'S FEEDBACK. AND IF Y'ALL ARE GOOD WITH JUST GO MAJORITY RULES OR, BUT MAKE SURE YOU TELL US THOUGH IF THERE'S LIKE A HARD NO ON SOMETHING. WE DON'T WANT TO SCHEDULE A TIME WHEN YOU ABSOLUTELY CAN'T BE THERE. WHAT'S THE PROBLEM WITH THE, UH, TEST DATE CITIZENS FIRE ACADEMY? OKAY, IT'S LIKE FOR 10 WEEKS, RIGHT? OR YES, IT GOES, YEAH, IT STARTS, IT STARTS SEPTEMBER 4TH AND IT GOES THROUGH OH, YOU JOINED THAT ONE? MM IT GOES THROUGH THE END OF OCTOBER, MAYBE FIRST PART OF NOVEMBER. I THOUGHT I HAD THE DATE HERE. OKAY, GO AHEAD WEDNESDAY BECAUSE WE ARE NOT HAVING YOU EVERY MONTH. OKAY, SO WEDNESDAY SIX 30 WHAT? AND SIX SIX. WE'LL SEND OUT AN EMAIL. WE'RE GONNA SEND OUT AN EMAIL WITH ALL THE, OF ALL THE AVAILABLE. DO I HAVE A MOTION TO, DO I HAVE A MOTION TO CLOSE MEETING BEFORE WE MOTION OVER HERE? BEFORE WE DO THAT, WE GOT ONE MORE ITEM. OH MY BAD. HOLD ON. ITEMS FOR FUTURE TIF TWO. UM, IS THERE ANY, JUST ANY SUGGESTIONS FOR ANY OTHER ADDITIONAL INFORMATION THAT WE NEED TO PROVIDE AT THE NEXT IN FUTURE TIF MEETINGS, OUTSIDE OF THE CONSULTANT STUDY AND UH, PROJECTIONS THAT WE HAVE ASSOCIATED WITH THE PROJECT FINANCING PLAN? SO I DID HAVE AN ADDITIONAL QUESTION THAT I SHOULD HAVE ASKED EARLIER, BUT I WAS HOPING TO MAYBE YOU WOULD COVER IT. AM I TO ASSUME CORRECTLY THAT WE'RE GONNA BE DONE, HANG IN, ARE WE DONE PAYING ANYTHING TO BASS PRO? WE'RE WE ARE DONE AS FAR AS THE DEBT SERVICE. THERE IS ONE MORE INCENTIVE TO THE PEOPLE THAT OWN THE PROPERTY AROUND BASS PRO UHHUH THAT IS SCHEDULED FOR THIS BUDGET THAT IS IN THE PROJECT PLAN ALREADY. AND AFTER THAT THERE'S NOTHING. OKAY, YOU HAD IT IN THERE? YEAH, I HAD IT. 65. YEAH, THAT I JUST, IT WAS ON THE, IT'S ON THE, I THINK IT WAS 65,000. 65,000 IS THE LAST GOTCHA. OKAY. THAT'S THE INCENTIVE AGREEMENT. WELL THAT WAS BEFORE I HAD THIS AND THAT WENT BY BASICALLY YES. SORRY, I'LL DOWN THERE. THAT'S IT. THAT'S THE LAST PAYMENT FOR ASPRO. AND, AND UH, THERE WAS ONE MORE THING THAT YOU HAD IN HERE THAT I WAS WONDERING ABOUT. UM, THE EXPENDITURES, UH, PROJECTED FOR 25, 26 FOR PERSONNEL, UH, AND OPERATIONS. UH, WHAT ARE THOSE FOUR? I SEE THAT EVERYTHING BEFORE THAT WAS ZERO. THAT SHOULD BE ZEROS. THAT'S MY APOLOGY. THOSE SHOULD BE ZEROS, EVERYTH ON THE ONLY TRA UH, ONLY THING THAT SHOULD BE GOING IN IS THE, UH, 1 MILLION OH 5 9 0 5 8. SO THE TIFF IS NOT PAYING LIKE A PORTION OF YOUR SALARY OR A PORTION? NO. OKAY. BUT THAT WAS A GOOD QUESTION. YOU'LL GET A BONUS . SO IS THAT GONNA INCREASE ANYTHING THAT'S BELOW IT? LIKE THE ENDING FUND BALANCE, RIGHT? YEAH, THAT WILL INCREASE THE ENDING FUND BALANCE. OKAY. BY SIXTY THOUSAND TWO HUNDRED SIXTY THOUSAND TWO HUNDRED FIFTY. YEAH, I'LL MAKE A SMALL IMPACT ON THE 50 50 SPLIT. CORRECT? WELL THE 50 50 SPLIT'S OFF THE REVENUE SO THAT IT WON'T IMPACT, UH, LET'S GO TO THE BOTTOM LINE AND I WILL UPDATE THAT AND THEN I'LL, I'LL SEND OUT AN ELECTRONIC COPY OF THIS PRESENTATION WITH THAT UPDATED. OKAY, GREAT. THANK YOU. I APPRECIATE THAT. I HAVE NOTHING ELSE. THANK YOU. I APPRECIATE YOU. SURE. ANYBODY ELSE? MOTION TO CLOSE? MOTION TO ADJOURN. SECOND. GOT ONE SECONDING OVER THERE. ALRIGHT. THANK YOU SO MUCH FOR COMING OUT. [01:05:02] THANK YOU. THANK YOU MAN. CLOSE SEVEN, SEVEN. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.