[00:00:13]
DO YOU KNOW IF WE'RE EXPECTING ANYBODY ELSE? THIS SHOULD BE IT SHOULD BE IT.
I THINK WE HAVE A COUPLE PEOPLE THAT WEREN'T ABLE TO MAKE IT, BUT WE HAVE QUORUMS SILVER.
OR JUST AS A PRE-ANNOUNCEMENT, BECAUSE SHE HAS TROUBLE HEARING WHO MAKES A MOTION AND WHO DOES IT.
WOULD YOU ANNOUNCE YOUR NAME? UH, SO THAT IT'LL BE RECORDED.
UM, IF YOU MAKE A MOTION OR A SECOND THIS EVENING, IF YOU CAN REMEMBER TO DO THAT, IT WOULD BE HELPFUL FOR THEM, UH, AS THEY, UH, DO THAT RESPONSIBILITY.
SANTA CLAUS IS NOT A GOOD ANSWER, BY THE WAY.
SO YOU ARE MR. BILL, RIGHT? YOU, YOU ARE MR. BILL.
AMONG FRIENDS, YOU CAN JUST CALL ME BILL.
I WAS NOT THERE PREVIOUS MEETING.
YEAH, I THINK I WAS TRAVELING AND I WAS OUT OF THE COUNTRY.
YEAH, THAT'S WANNA MAKE SURE YOU ARE MILL BILL
HEY, CAN I SAY ABOUT THAT PAGE 12 REAL FAST? YEAH.
SO ON PAGE 12 THERE'S A SMALL ROUNDING ERROR.
SO WHEN WE APPROVE THIS, WE HAVE TO SAY WITH THE, UH, CORRECTION IN THE ROUNDING ERROR AND PAGE 12, RIGHT? SOMETHING LIKE THAT.
UH, I'LL MAKE SURE WHEN, WHEN WE GET, WHEN WE GET TO ITEM THREE B, I WILL ASK THAT IF UNLESS THERE'S OTHER CHANGES.
Y'ALL WANT THAT THE MOTION BE MADE WITH THE RIGHT.
JUST WANTED TO NOT CONFUSE Y'ALL GIVING UP AN OFFICE CHRISTMAS PARTY TO BE HERE TONIGHT.
SO I'M GONNA STICK INDIVIDUAL.
WELL, HOW LONG DOES THE PARTY LAST? YOU MIGHT BE FOR BOTH.
WE CAN GET OUTTA HERE IN FIVE MINUTES.
SOUNDS GOOD TO, I SEE THE HOUR AT SIX 30.
WHY DON'T WE GET STARTED? YES.
JUST SO YOU, UH, GOT THAT FOR THE RECORDING.
UM, FIRST ITEM ON THE AGENDA IS APPROVAL OF THE MINUTES FROM THE OCTOBER 15TH, 2025 MEETING FOR THE, UH, TIFF AREA TWO SOUTH BOARD.
IS THERE MOTION TO APPROVE? MOTION TO APPROVE IN YOUR NAME? JASON SHANKS.
ANY DISCUSSION? ALL IN FAVOR SAY AYE.
SO I DON'T SEE ANYONE HERE TO MAKE PUBLIC COMMENTS.
UH, DO I NEED TO MAKE THAT ANNOUNCEMENT ANYWAY? JUST MAKE THE ANNOUNCEMENT.
UH, NUMBER TWO, PUBLIC, PUBLIC COMMENTS.
AND YOU CAN THIS ASK COURTNEY, IS THERE ANYONE THAT SIGNED UP FOR SPEAKER? YEAH.
SO IF SOMEONE SHOULD COME IN, UM, AND WISHES TO SPEAK, THEY'LL BE ALLOWED THREE MINUTES FOR THEIR, UH, THEIR PART OF THEIR DISCUSSION.
UM, SO THE, UH, ITEM NUMBER THREE IS, UH, ITEMS FOR INDIVIDUAL CONSIDERATION AND OVERVIEW OF PRELIMINARY, UH, AMENDED PROJECTS AND FINANCE PLAN.
AND I PRESUME THAT'LL BE A STAFF PRESENTATION.
UH, WHAT WE WANTED TO DO TONIGHT IS A LOT OF WHAT'S IN THIS PLAN WE'VE ALREADY DISCUSSED AT THE LAST TIF BOARD MEETING.
AND, AND, AND, AND TYPICALLY WHAT WE DO IS WE WANT TO BRING YOU, BRING FORWARD WHAT OUR IDEAS ARE BEFORE WE MAKE ANY CHA CHANGES TO A PROJECT PLAN.
SO LAST TIME WE DISCUSSED, UH, YOU KNOW, AT LENGTH OF THE EXPANSION OF THE BOUNDARIES OF THE TIF, WHICH I'LL GET INTO HERE.
AND THEN, UH, ALSO THE TERMINATION DATE, EXCHANGING THAT OUT TO 2000, UH, 45 RATHER THAN 2025.
AND THEN THE FINAL PIECE WAS THE ALLOCATION OF ROUGHLY OR 50% OF THE TIF REVENUE TOWARDS PUBLIC SAFETY, SAFETY NEEDS WITHIN THE ZONE WITH THE OTHER 50% FOR FUTURE PROJECTS.
SO WHAT, WHAT WE'VE DONE TO DATE IS, UH, PRESENTED THAT INFORMATION TO THE TIF BOARD.
Y'ALL, UH, GAVE US THAT PRELIMINARY APPROVAL.
WE'VE GONE BACK TO COUNSEL AND BRIEFED THEM ON IT.
AND THEN THEY HAVE, UH, DONE THE NEXT STEP, WHICH IS REQUIRED BY CHAPTER THREE 11 OF THE TAX CODE, WHICH IS TO, UH, APPROVE AN ORDINANCE TO DO, UH, EXPAND THE, UH, THE BOUNDARIES BASED OFF OF WHAT WE'LL TALK ABOUT HERE.
[00:05:01]
DATE MOVED OUT TO 2045.AND, AND THEN THIRD, THEY HAVE TO, BY LAW, DO A PRELIMINARY PROJECT PLAN, WHICH IS WHAT WE'RE GOING OVER HERE.
THE NEXT STEP IS FOR US TO BRING THAT PRELIMINARY PROJECT PLAN TO THE TIF BOARD, WHICH IS WHAT WE'RE DOING TONIGHT FOR MAKING RECOMMENDATIONS TO THAT PRELIMINARY TIF PLAN TO TAKE BACK TO COUNCIL.
AND THEN AT THE NEXT MEETING, COUNCIL WILL APPROVE AN ORDINANCE TO ESTABLISH A TIF PLAN.
AND I WILL SAY THOSE THAT HAVE READ THIS TIF PLAN, IT'S BASICALLY A SKELETON AT THIS POINT BECAUSE WE DON'T REALLY HAVE A PROJECT OUTSIDE OF THE PUBLIC SAFETY, UH, 50% THAT WE'RE CURRENTLY OPERATING ON.
SO WHAT THIS THING WILL DO IS EVOLVE OVER TIME.
BUT BY LAW WE WENT AHEAD AND PUT ALL THE LEGAL REQUIREMENTS THAT YOU HAVE TO DO IN THE TIF PROJECT AND FINANCE PLAN WITHIN THIS.
AND THIS JUST BECOMES OUR LIVING DOCUMENT FOR AS WE MOVE FORWARD IN THE FUTURE.
SO THERE'S NOT NOTHING IN THIS PLAN THAT WE HAVEN'T TALKED ABOUT BEFORE, BUT I DID WANNA WALK THROUGH IT TO SHOW THE LEGAL COMPLIANCE PIECES AND TO TAKE ANY RECOMMENDATIONS OF CHANGES.
WE, I'VE ALREADY HAD ONE, THERE'S A ROUNDING ERROR ON PAGE 12 OF $20,000 ISH, UH, THAT JUST WAS NOT CAUGHT IN THE EXCEL FORMULAS.
WE WILL MAKE THAT ADJUSTMENT WHEN WE GET GET TO THAT POINT AND I'LL POINT IT OUT.
BUT, UH, IF IT'S OKAY WITH Y'ALL, I'LL JUST WALK THROUGH WHAT'S IN THIS PLAN AT A HIGH LEVEL.
AND TO ME, IT'S FINE IF WE WANT TO, YOU WANNA STOP ME ALONG THE WAY AND ASK QUESTIONS.
IF WE DON'T KNOW THE ANSWERS, WE'LL BRING IT BACK.
'CAUSE LIKE I SAID, THIS IS, THERE'S REALLY NOTHING WE CAN DO WITH THIS PLAN OUT THAT HASN'T BEEN DISCUSSED IN THE PAST.
THIS IS TO GET THE SKELETON AND GET THE COMPLIANCE AND GET THE LEGAL REQUIREMENTS UNDER CHAPTER THREE 11 ESTABLISHED.
SO IN THE FUTURE, WHEN WE'RE MAKING CHANGES, THIS IS THE DOCUMENT WE'LL WORK OFF OF.
WOULD YOU LIKE, I'M SORRY, GO AHEAD, MR. WATSON.
I HAVE, I HAVE LIKE A VERY HIGH LEVEL QUESTION.
I KNOW THAT YOU'VE BEEN, UH, APPOINTED TO THE APPOINTED TO CONGRATULATIONS BY THE WAY.
SO WHAT DOES THAT DO WITH THE FRAMEWORK OF LIKE, GOING FORWARD? THANK YOU FOR SAYING THAT.
I WAS GONNA START WITH THAT BECAUSE YOU'RE PROBABLY WONDERING WHO'S NEXT TO ME.
SO, UH, MR. SWISHER DID SEND OUT AN EMAIL AND IF YOU ALL HAVE LOOKED ON FACEBOOK WITH THE TRANSITIONS AND OUR STAFF, WE HAVE A NEW CITY MANAGER, MIKE BETS, WHO'S OUR INTERIM CITY MANAGER.
A LITTLE BIT ABOUT HIM, HE HAS WORKED HERE AT THE CITY OF GARLAND FOR ABOUT 20 YEARS AND WORKED EVEN PRIOR WITH THE CITY OF GARLAND.
PRIOR TO THAT DATE, HE SPENT MOST OF HIS TIME IN THE CITY ATTORNEY'S OFFICE.
HE WAS THE DEPUTY CITY MANAGER, UH, THERE FOR MOST OF HIS CAREER.
HE THEN TRANSITIONED FOR A SHORT STOP AS OUR RISK DIRECTOR, AND THEN HE IS ALSO HAD A SHORT STOP AS OUR IT, UH, UH, DIRECTOR.
SO HE HAS BEEN ASKED TO COME BACK AN INTERIM BASIS.
THE, THE CONTRACT HE HAS SIGNED RIGHT NOW IS AN EIGHT MONTH CONTRACT, BUT HONESTLY, HE WILL PROBABLY BE HERE THROUGH THE TAX RATE ELECTION THAT WE HAVE SCHEDULED FOR NOVEMBER.
UM, HE'S GOT A WEALTH OF KNOWLEDGE AND EXPERIENCE.
MR. SHANKS KNOWS HIM WELL FROM WHEN HE WORKED HERE.
AND I, I'M EXCITED TO HAVE HIM AS A BOSS.
AND HE'S, HE'S A GREAT LEADER AND HE'S OUR, SO HE'S OUR NEW CITY MANAGER AND HE HAS PROMOTED ME TO ASSISTANT CITY MANAGER.
I STILL WILL BE OVER OVERSEEING THE FINANCE PROCUREMENT DEPARTMENTS, BUT I HAVE APPOINTED ALISON BELL STEADMAN AS THE CHIEF FINANCIAL OFFICER FOR THE CITY.
SO SHE'S TAKING MY ROLE AND WILL BE THE PRIMARY STAFF LIAISON MOVING FORWARD FOR THE TIFF.
BUT I PROMISE YOU, I'M, I LOVE MY TIFF, SO I'LL PROBABLY BE AROUND, YOU'RE ALWAYS WELCOME TO EMAIL ME TOO.
BUT ALISON, MOVING FORWARD WILL BE THE PRIMARY STAFF LIAISON AND I, I DID A MUCH BETTER JOB OF GETTING MY PREDECESSOR, MY, MY NEW EMPLOYEE THAN THE PERSON THAT HIRED ME DID.
HAPPY TO BE HERE AND WORKING WITH Y'ALL MOVING FORWARD.
AND JUST ONE THING I WANTED TO ADD, WE'RE WRITING THE TIFF PLAN.
A LOT OF OUR OTHER TIFF BOARDS ARE FURTHER ALONG IN THIS PROCESS.
THEY'VE HAD VERY ACTIVE TIFF PLANS OR OPPORTUNITIES TO PROGRAM OUT FUNDS AS IT'S BEEN MADE AVAILABLE.
THE TIF TWO REALLY HASN'T HAD THAT OPPORTUNITY TO DATE JUST BECAUSE OF THE HISTORY OF THIS TIFF.
AND THE ANNUAL BUDGET PROCESS REALLY PLAYS A PART IN THAT.
AND SO THE TIF BOARD WILL BE ENGAGED ON NOT ONLY IN THE QUARTERLY MEETINGS, BUT AS PART OF THAT ANNUAL BUDGET PROCESS SO THAT ANYTHING APPROPRIATED THROUGH THAT ANNUAL BUDGET HAS BEEN REVIEWED BY THIS BOARD AND IS ULTIMATELY AND CONSIDERED AS PART OF THIS PROJECT PLAN.
WOULD YOU TELL US JUST A LITTLE BIT ABOUT YOUR BACKGROUND WITH THE CITY AND ROLES THAT YOU PLAYED? YEAH, YEAH.
INTRODUCE YOUR NAME AND, YOU KNOW,
I'VE BEEN WITH THE CITY ALMOST 10 YEARS NOW.
UM, CAME UP THROUGH THE BUDGET DEPARTMENT AS A BUDGET ANALYST AND MOST RECENTLY AS THE BUDGET DIRECTOR.
SO I'VE BEEN WORKING UNDER MATT, UH, FOR MOST ALL OF THAT TIME.
[00:10:01]
BY HIM AS WELL AS, UH, OUR PRIOR CITY MANAGER, UM, PRIOR TO J BRIAN BRADFORD, UM, WHO, I DON'T KNOW IF ANY OF YOU ARE FAMILIAR WITH HIM OR HAVE BEEN ENGAGED WITH THE CITY LONG ENOUGH, BUT, UM, PRIOR TO HIM BEING CITY MANAGER WAS A PREVIOUS BUDGET DIRECTOR, SO REALLY HAVE HAD SOME STRONG, UH, FINANCIAL MENTORS, UM, THROUGH THE CITY OF GARLAND.AND I'M HAPPY TO, UH, TRY TO FILL MATT SHOES AND, AND JUST REALLY LEARN EVERYTHING AND BE A RESOURCE TO THIS TIFF BOARD.
SO ALLISON WILL BE OVERSEEING ALL OF FINANCE.
SHE WILL CONTINUE TO OVERSEE BUDGET AND THEN SHE'S ALSO GOT PROCUREMENT WEARING A LOT OF HATS.
AND THEN I WILL, UH, SO I WILL BE STILL HEAVILY INVOLVED IN THE FINANCES.
I'VE GOT HR AND THEN I'VE ALSO GOT OUR LEGISLATIVE AFFAIRS AND, UH, DEPARTMENTS AS OF RIGHT NOW.
SO MATT, BEFORE YOU GET STARTED, I'VE GOT ONE QUESTION FOR YOU.
IF WE HAVE QUESTIONS, WOULD YOU PREFER US WAIT TILL THE END OR ASK IT AS WE GO ALONG THE WAY? I'M FINE IF WE ASK ALONG THE WAY AND WE WILL, WE WILL ANSWER 'EM.
AND IF WE DON'T KNOW THE ANSWERS, WE WILL GET YOU THE ANSWERS, UH, AT A FUTURE MEETING.
SO AGAIN, I'LL JUST START WALKING THROUGH THIS AND TALK A LITTLE BIT ABOUT WHAT'S IN THIS PLAN.
AND LIKE I SAID, THERE'S HOPEFULLY NOTHING THAT Y'ALL HAVEN'T SEEN BEFORE.
UM, BUT THIS IS THE DOCUMENT THAT WE'LL START WITH.
UH, THE FIRST PAGE IS REALLY JUST AN OVERVIEW OF THE CITY AND THE TABLE OF CONTENTS.
UH, AND THEN WE KIND OF JUST JUMP INTO AN INTRODUCTION OF, OF WHAT THIS TIFF IS.
AND AS Y'ALL KNOW, THIS TIFF WAS ORIGINALLY STARTED IN 2004 WITH AN EXPIRATION DATE OF 2025.
UM, IT WAS CREATED AND YOU CAN SEE ON THE MAP IT WAS THAT AREA THAT WAS IN RED.
SO THE AREA IN RED IS THE ORIGINAL TIFF BOUNDARIES.
AND UH, WE ARE RECOMMENDING THAT THAT CONTINUE ON MOVING FORWARD.
AND IN THE AREAS IN BLUE IS WHAT WE'RE CALLING, UH, TIFF TWO A, BUT IT IS THE EXPANDED PORTION OF THE TIFF.
AND THE REASON WHY WE WERE LOOKING TO EXPAND IT IS, UH, I DID EMAIL OUT TO Y'ALL AND AT A FUTURE MEETING, WHEN WE GET TO THAT UH, UH, AGENDA ITEM, UH, WE CAN HAVE SOMEONE WALK THROUGH ALL THAT AREA PLAN.
'CAUSE WE HAVE CREATED AN AREA PLAN AROUND HARBOR POINT, WHICH BASICALLY IS THAT TOP BLUE AREA HERE.
AND THIS AREA PLAN CAME FROM OUR NEIGHBORS NEXT DOOR.
SO THE PLANNING AND ZONING, UH, NALA'S GROUP, WHO IS OUR PLANNING DIRECTOR, PUT TOGETHER AN AREA PLAN.
SO WHAT WILL THIS, WHAT DO WE ENVISION FROM A PLANNING STANDPOINT OF WHAT NEEDS TO GO IN THIS AREA OVER THE NEXT 50, 50 YEARS OR SO? SO THAT AREA PLAN IS SET TO GUIDE COUNCIL ON MAKING DECISIONS ON WHAT WE WANT TO HAVE IN THAT AREA SO WE CAN HAVE A DISCUSSION ABOUT THAT BECAUSE WE FLOW RIGHT INTO THAT BECAUSE YOU CAN'T DO ANYTHING IN THAT PLAN WITHOUT MONEY.
AND SO THAT'S WHERE WE COME IN IS AND THE RECOMMENDATIONS TO MOVE FORWARD WITH PROGRAMMING PROJECTS TO HELP IMPLEMENT THAT PLAN.
OR, I MEAN, OBVIOUSLY WE DON'T, WE CAN MAKE OTHER RECOMMENDATIONS, BUT IT WILL BE THE GUIDING PLANNING DOCUMENT FOR COUNCIL.
UH, IS ALL THAT IN THE RED? IS THAT PRIMARILY FAULKNER PROPERTIES OR, UH, STRANGELY THERE IN RED IS, UH, MOST OF THE FAULKNER IS IN THIS BLUE HERE.
UM, AND THEN I'LL ALSO POINT OUT, YOU SEE THIS NUGGET FOR THOSE THAT WEREN'T HERE LAST TIME, WE PURPOSELY, THIS IS NOT IN THE TIFF, THIS AREA HERE.
SO GEORGE BUSH, THEY HAVE ALREADY PUT TOGETHER THEIR ALIGNMENT STUDY IS GOING TO RUN RIGHT THROUGH THE MIDDLE OF THIS.
SO THERE WILL BE AN IMMINENT DOMAIN PROCESS AND THERE WILL BE A, YOU KNOW, A LAND TAKING PROCESS HERE.
SO WE WENT AHEAD AND EXCLUDED THIS PART OF THE, THE AREA OF THIS TIFF FROM OUR PLAN.
AND THE REASON IS, IS THERE'S ABOUT 60 MILLION OF VALUE RIGHT THERE, RIGHT NOW.
IF WE WERE TO INCLUDE IT, WE WOULD EVENTUALLY HAVE TO REMOVE IT BECAUSE THE WHOLE POINT OF A TAX INCREMENT IS TO INCREMENTALLY GROW TAXES, NOT LOSE IT.
SO, SO QUESTION, MAYBE IT'S A MANIX, BUT SINCE WE ARE USING, UTILIZING THE COLOR COATING TO IDENTIFY WHICH AREAS ARE NOT, SHOULD THAT BE IN A DIFFERENT COLOR COATING TO REPRESENT? THAT'S NOT A PART OF IT.
UH, WE CAN, IF Y'ALL WISH, SOMEHOW GRAY THAT OUT SO THAT IT'S, IT'S SHOWN THAT IT IS NOT PART OF THE PLAN, BUT, UH, IN THIS LEGAL DESCRIPTION.
SO THIS IS WHAT WILL BE TERMED IN TO DCA TO SET THE BOUNDARIES.
THE LEGAL DESCRIPTION BY LAW IS WHAT WE, WHAT THE TIFF IS.
SO WHATEVER THE VISUAL IMAGE Y'ALL WANT, WE CAN MAKE HAPPEN.
I MEAN, BECAUSE I, I STARTED READING THROUGH ALL OF THAT AND IT WAS KIND OF DIFFICULT FOR A LAYMAN TO UNDERSTAND.
[00:15:01]
GOT A QUESTION THAT I THOUGHT ABOUT SINCE WE MET LAST TIME.THAT LITTLE, UM, SLIVER ON THE NORTHERN SHORE BETWEEN GEORGE BUSH AND ETTE ROAD.
UH, ARE YOU, YOU'RE PRETTY FAMILIAR WITH THAT AREA? I'M I'M SURE, RIGHT.
UM, THAT AREA, AS I UNDERSTAND IT, IS PART OF THE LAKE RAY HUBBARD PLAN AND RESIDENTS ALONG THERE HAVE A LONG-TERM LEASE IF THEY CHOOSE ALONG THAT PROPERTY.
I HAPPEN TO BE ONE OF THOSE PEOPLE UHHUH
AND UH, IT, TO ME, IT DIDN'T SEEM LIKE IT FIT ALL THE REST OF IT BECAUSE, UM, THERE'S NOT ENOUGH TAKE AREA SHORELINE TO BE DEVELOPED BY ANYTHING OTHER THAN WHAT IT IS.
AND THE RESIDENTS ALONG THERE HAVE, UM, UH, MADE IMPROVEMENTS THAT WOULD BE, UH, IN CONFLICT TO SOMETHING THAT WENT ALONG THERE.
NOW I CAN UNDERSTAND TRAILS, MAYBE THAT'S WHERE YOU'RE HEADED WITH IT, UH, POSSIBILITY.
BUT, UH, COULD YOU GIVE US A LITTLE DIALOGUE ABOUT THAT? 'CAUSE IT JUST, EVERYTHING ELSE SEEMED TO KIND OF FIT, EXCEPT THAT SLIVER DIDN'T SEEM TO FIT AS MUCH TO ME AND YOU AND YOU HIT THE NAIL ON THE HEAD.
SO THE, THE INTENT IS, IS RIGHT NOW THERE ARE PLANS FOR A A, A BOARDWALK TYPE FEATURE.
AND IT WAS APPROVED IN THE LAST BOND PACKAGE TO, TO WRAP AROUND KIND OF THE HARBOR POINT AREA HERE.
AND THEN THERE IS A JOHN PAUL JONES PARK HERE, AND THEN THERE'S ANOTHER PARK RIGHT HERE.
SO IN LONG-TERM PLANS, THERE ARE THOUGHTS OF MAYBE DOING A TRAIL LINE TO CONNECT THOSE TWO IN THE FUTURE.
SO WHAT WE WERE LOOKING TO DO IS JUST GO AHEAD AND HAVE IT IN THE TIF PLAN.
SO IN 5, 10, 15 YEARS, IF THE TIF BOARD DOES MAKE THAT RECOMMENDATION, WE DO HAVE IT WITHIN THE PLAN.
AND ANOTHER QUESTION I'VE BEEN ASKED ON IT IS, IS TECHNICALLY THAT IS NOT, UM, THAT, THAT, THAT TAKE LINE IS IN THE CITY LIMITS, UH, OF GARLAND, BUT IT IS OWNED BY TECHNICALLY DALLAS.
WHICH IS LEGALLY OKAY BECAUSE IT'S IN OUR CITY LIMITS.
BUT IF WE WERE TO DO ANYTHING THERE, THERE WOULD HAVE TO BE LEASES WITH THE CITY OF DALLAS.
AND THEN THERE'S ALSO A BUNCH OF RESIDENTIAL LEASES THROUGH THERE.
SO THERE'S GONNA, THE CHANCES OF DOING A TRAIL QUICKLY, THERE'S A LOT OF HOMEOWNERS THAT WOULD HAVE TO BE CONSULTED.
AND THERE'S ALSO DALLAS, THE CITY OF DALLAS THAT WOULD HAVE TO BE CONSULTED.
BUT WE WANTED TO GO AHEAD AND INCLUDE IT JUST, JUST TO HAVE IT IN THE PLAN.
'CAUSE IT'S, IT'S IN, IT'S IN OUR PLANNING DOCUMENTS FOR OUR TRAIL MASTER PLAN.
AND SO WE JUST WENT AHEAD AND INCLUDED IT.
I HAVE ONE LAST QUESTION KIND OF LEVEL SET UP.
AGAIN, I'M TRYING TO STILL UNDER GET MY WRAP YEAH.
AROUND THE WHOLE TIFF ALL THIS NEW TO ME, WHATEVER.
I DO HAVE A QUESTION BECAUSE OF GREAT QUESTION AROUND THAT.
SO IF THERE ARE SITUATIONS LIKE THAT WHERE YOU'RE TRYING TO GET FAMILIAR WITH THE NEW ADDED TERRITORY, ET CETERA, I DON'T KNOW OTHER TIFFS DO IT, WHAT'S NOT RIGHT NOW, BUT IS THERE OPPORTUNITIES FOR US TO MAYBE MEET FOR A TOUR OR LIKE OF SPECIFIC AREAS AS A GROUP? BECAUSE GARDEN IS HUGE IN, YOU KNOW, GEOGRAPHICAL AREAS.
SO I'M, I'M NOT FAMILIAR WITH SOME OF THESE THINGS.
SO WHAT, WHAT IS THE OTHER TIPS? DO YOU SOMETIMES, DO YOU ALL GET TOGETHER LIKE A TOUR, KIND OF KIND OF GO OVER SOME OF THE THINGS BEFORE WE MAKE DECISIONS ON? I'VE, WHAT'S THE PROCESS? I'VE DONE MULTIPLE WAYS.
ONE WAY IS, UH, AT A FUTURE MEETING WE CAN HAVE A VIRTUAL TOUR OKAY.
AND THAT MAY BE PART OF THAT AREA PLAN THAT WAS DONE.
'CAUSE WITH THE AREA PLAN, IT'S, IT'S AGAIN, PRIMARILY FOCUSED, UH, ON THE, THE HARBOR POINT AREA.
BUT IT, IT HAS MAPS AND WE CAN PULL UP, YOU KNOW, GOOGLE MAPS AND WALK THROUGH THE EXISTING PROPERTIES.
AND, AND HOW, HOW THAT PLAN IS LOOKING TO CHANGE THE, UH, THE ZONING REQUIREMENTS OF THAT.
SO THAT'S ONE WAY I'VE SEEN US DO IT.
UM, UH, TIFF, I NEVER HAD A GROUPING OR A MEETING WHERE WE ALL GO OUT AND, AND, AND TOUR THE AREA.
BUT I HAVE SEEN GROUPINGS GET TOGETHER AND GO OUT AND LOOK AT CERTAIN AREAS AND REALLY WHEN REALLY WHEN WE START MOVING AND START HAVING PROJECTS TOO, 'CAUSE YOU WANT TO GET A FEEL FOR
AND I WILL POINT OUT THERE IS ALSO THIS LITTLE BLUE AREA AT THE BOTTOM HERE.
WHAT THAT IS, IS THE DART, UH, STATION RIGHT HERE.
AND THE ONLY REASON WE INCLUDED IT IS, UH, THERE HAS, I'M SURE Y'ALL HAVE HEARD IN THE NEWS, UH, DART IS, UH, UNDER, UH, EXTREME AMOUNT OF PRESSURE FROM SEVERAL CITIES, UH, TO, UH, CHANGE THE WAY THEY PERFORM AND THE WAY THEY HANDLE THEIR FINANCES.
AND THERE HAS BEEN TALKS OF THEM PARTICIPATING IN TIFFS.
SO WE WENT AHEAD AND INCLUDED THAT DART AREA.
IT DOESN'T HELP US OR HURT US RIGHT NOW BECAUSE IT'S IT'S TAX EXEMPT PROPERTY.
BUT, UH, AS, AS Y'ALL KNOW, WHEN YOU START A TIFF AND WHY THIS IS THE SAME AS THE TAKE LINE SINCE WE'RE STARTING THIS NEW BLUE PART OF THE TIFF, ITS BASE YEAR IS
[00:20:01]
2025, THE RED AREA IS STILL 2024.SO IT'S 20 YEARS AHEAD OF THE BLUE AREA.
SO WE WENT AHEAD AND INCLUDED IT NOW SO IT COULD BE INVOLVED IN THAT INCREMENTAL GROWTH.
MATT, SPEAKING OF DART, WHAT'S GARLAND'S THOUGHT PROCESS? DO WE HATE THEM AS MUCH AS LIKE ALAN AND PLANO? DO WE LIKE THEM LIKE DALLAS? ARE WE TRYING TO PULL OUT OF THEM? DO WE KNOW? WE ARE TRYING TO FIGURE OUT WHAT WE WANT TO DO AND WHAT POSITION WE WANT TO TAKE.
UH, UH, WE, UH, FROM TALKING TO COUNCIL, WE KNOW THAT, UH, DART IS A CRITICAL PART OF OUR CITY.
UH, THERE ARE MANY PEOPLE THAT REQUIRE THE BUS SERVICE SPECIFICALLY TO LIVE THEIR DAILY LIVES.
AND PULLING OUT A DART IS, UM, NOT SIMPLE.
I MEAN, IF YOU PULL OUT A DART, YOU OWE OBLIGATIONS OF ALL THE DEBT AND COMMITMENTS THAT HAVE TAKEN PLACE UP TO DATE.
AND FOR THE CITY OF GARLAND, THAT'S ALMOST A BILLION DOLLARS THAT WOULD HAVE TO BE PAID.
THAT WOULD BE TAKE ABOUT 20 YEARS TO PAY BACK.
SO IT WOULD TAKE 20 YEARS TO PAY THAT BACK.
PLUS WE WOULD HAVE TO STAND UP SOME OTHER SYSTEM, WHICH WE, UM, AS WE TALKED ABOUT LAST TIME, WE HAVE OUR OWN FINANCIAL CONSTRAINTS RIGHT NOW AND SETTING UP A 14, $16 MILLION BUS SYSTEM AND STILL PLAY IN DART IS PROBABLY NOT FINANCIAL FEASIBLE.
BUT, UH, WE'RE, WE'RE MOSTLY, UM, DISSATISFIED I WOULD SAY.
AND WE'RE PROBABLY GET, STARTING TO GET A LITTLE BIT OFF OF THE AGENDA, BUT I'LL I'LL LEAVE IT AT THIS IS ON THE, ON THE RIDERSHIP AND THE AMOUNT OF EXPENDITURES THAT ARE OCCURRING FOR HOW MUCH RIDERSHIP WE HAVE.
THE RIDERSHIP HAS DECLINED SIGNIFICANTLY SINCE COVID.
WE WOULD LOVE TO SEE, UH, THAT START GOING BACK UP.
UH, THEY, THE PLANOS AND THE IRVINGS OF THE WORLD AND FARMERS BRANCH, WHO'S ALSO LOOKING AT BACKING OUT AND UH, UNIVERSITY PARK ARE IN A TOTALLY DIFFERENT POSITION THAN US.
THEY, THEIR RIDERSHIP'S WAY DOWN AND THEY ARE PAYING ABOUT TWICE AS MUCH IF YOU'RE PLANO THAN WE ARE INTO THE SYSTEM.
AND SO THEY FEEL LIKE THEY'RE SUBSIDIZING THE SERVICES HERE IN GARLAND AND DALLAS.
SO THEY'RE IN A DIFFERENT SITUATION.
IN US, WE'RE MOSTLY, PRIMARILY FOCUSED ON SAFETY, UH, SAFETY CONCERNS AND RIDERSHIP LEVELS DROPPING.
AND I'LL SAY THAT IT WAS PART OF THIS, 'CAUSE I, IT THE DART STATION'S THERE.
SO YES, WE WERE TALKING ABOUT DART
SO OTHER THINGS TO POINT OUT HERE IS, UH, WITH THIS AMENDED PLAN, WE ARE CURRENTLY PROJECTING ABOUT $119 MILLION OF REVENUE TO FLOW THROUGH THIS OVER THE NEXT 20 YEARS FOR PROJECTS.
UM, THAT PER YEAR OR TOTAL? NO, TOTAL.
AND THAT IS A, AGAIN, AS WE TALKED ABOUT LAST TIME, WE WERE ONLY ASSUMING A THREE AND A HALF PERCENT INCREASE EACH YEAR IN REVENUE.
BUT AGAIN, THIS IS A LIVING DOCUMENT.
AS NEW DEVELOPMENTS COME IN, I, WHAT WE DO WITH LIKE OUR TIF THREE BOARD AND OUR TIF ONE BOARD IS WE UPDATE THESE PERIODICALLY TO PUT IN THOSE NEW DEVELOPMENTS AS THEY COME IN.
UH, I TALKED ABOUT SEVERAL MEETINGS AGO THAT WITH THIS TIFF THERE, THE IDEA OF THIS TIFF WAS BASS PRO SHOP'S COMING.
WE'RE GOING TO FUND SOME THINGS FOR BASS PRO SHOP WITH THE ANTICIPATION OF ALL THIS GROWTH.
UH, WE ARE A MUCH MORE FINANCIALLY CONSERVATIVE.
WE ONLY ONCE, WHAT'S ON THE GROUND NOW IS WHAT IS IN THIS PLAN WITH A MINOR INCREMENTAL GROWTH AT 3.5%.
SO, BUT AS DEVELOPMENT OCCURS, WE WILL INCLUDE IT IN THE PLAN AND UPDATE IT WITH THE NEW REVENUES.
BUT THIS IS JUST BASELINE, AGAIN, A SKELETON DOCUMENT TO GET US STARTED.
AND, UH, THIS IS ANOTHER LEGAL REQUIREMENT.
SO WE HAVE TO PUT THE LEGAL DESCRIPTION OF THE TIF.
SO THIS IS JUST FOLLOWING THE, ALL THE DIFFERENT BOUNDARIES OF THE TIF.
UH, THIS WILL BE TURNED INTO DC AD.
THEY WILL RUN SOME SHAPE FILES AND GIS AND CREATE THE ACTUAL BOUNDARIES.
WE WILL CHECK TO MAKE SURE THAT IT MATCHES OUR LEGAL DESCRIPTION.
AND THAT IS WHAT WILL SET US OFF ON COLLECTING THE TAXES AND THE TIF FUND.
UH, BY LAW, WE HAVE TO PUT IN HERE WHAT, UH, UH, SEVERAL THINGS.
UH, BY LAW YOU CAN'T HAVE MORE THAN 30% OF THE TIF AS RESIDENTIAL.
WE'RE JUST PUTTING THE STATEMENT IN HERE.
THIS TIF DOES NOT HAVE MORE THAN 30%.
UM, SEVERAL OTHER THINGS THAT ARE MENTIONED AS SHOWING THE CURRENT ZONING, UH, OF THIS, AND I WILL MAIN THING TO POINT OUT, THIS IS WHAT'S CALLED A, A PLAN DEVELOPMENT OR A PD, WHICH MAY BASICALLY GIVES IT BIG FLEXIBILITY AND WHICH IS ALSO WHY YOU SEE SO MANY DIFFERENT BOXES.
UH, I WILL SAY IN THE FUTURE, WE WILL BE UPDATING OUR THIS BASED OFF OF THAT AREA PLAN.
WE ALSO HAVE A COMP PLAN, WHICH IS CALLED A,
[00:25:01]
BASICALLY THE ENVISION GARLAND.AND IT IS KIND OF THERE, IT, IT'S THE PROJECT AND FINANCING PLAN OF THE PLANNING DEPARTMENT.
THIS WHAT THOSE GUYS NEXT DOOR ARE PRIMARILY FOCUSED ON WHEN THAT COMP PLAN IS FINISHED.
AND WHEN THAT IN THAT AREA PLAN THAT IS FINISHED, WE WILL UPDATE THIS TO REFLECT THOSE CHANGES IN THE, UH, IN THESE ZONING REQUIREMENTS.
BUT THIS IS, AS IT SITS NOW UNDER OUR CURRENT ZONING MAPS.
BASICALLY WHAT WE'RE STATING HERE, SO THIS IS EACH PARCEL WITHIN THE TIF.
SO IT'S JUST A MAP OF ALL THE DIFFERENT PARCELS, UH, WITHIN THIS TIF BOUNDARY.
UM, WE, WE HAVE THE STATEMENT HERE, AND THIS IS A, A LEGAL REQUIREMENT THAT BECAUSE SOMETIMES IN TIFFS THERE ARE PLANS FOR DISPLACING PEOPLE WITH IMMINENT DOMAIN.
WE HAVE NO PLANS TO DO THAT AT THIS TIME.
SO WE'RE JUST MAKING THE STATEMENT.
THERE IS NO, NO PLANS FOR RELOCATING PEOPLE.
UH, THEN WE BASICALLY ARE JUST MAKING THIS STATEMENT OF WHAT THE 2025 BASE, UH, UH, VALUATION, WHICH IS 75.2 MILLION IS, AND THEN THE TIF TWO A, SO THE EXPANDED BOUNDARIES, WHICH START IN 2025 IS 496 MILLION.
SO THOSE ARE OUR TWO KIND OF BASE START YEARS.
AND THEN THE 2025 BASE YEAR, WE JUST HAVE THE STATEMENT AGAIN, A LEGAL REQUIREMENT THAT, AGAIN, WE'LL HAVE TO TURN THIS INTO DALLAS COUNTY AND THEY'LL HAVE TO TELL US THE EXACT AMOUNT.
IT MAY HAVE ANOTHER LITTLE ROUNDING AREA, BUT THIS IS THE ESTIMATE BASED OFF OF 2025 CERTIFIED VALUES.
BUT CERTIFIED VALUES SOMETIMES CHANGE.
AND SO THAT I'M CLEAR, THE EXPANDED BOUNDARY OF 4 96, IS THAT JUST THE BLUE EXCLUDING THE RED? OR DOES THAT INCLUDE THE 75 MILLION FROM THE IT'S JUST THE BLUE.
ONLY THE, THE 496 IS THE BASE YEAR FOR THE BLUE.
SO IT'S A, IT'S GOT A MUCH HIGHER VALUE RIGHT.
THAN THE RIGHT THE OTHER, DO WE KNOW IF, ARE THERE SPECIFIC, UM, COSTS? IS IT, IS THERE A BREAKDOWN ON WHAT IS THE MAJOR CONTRIBUTOR TO THAT? BECAUSE THAT'S A SIGNIFICANT DIFFERENCE BETWEEN THE 4, 9 6.
WHAT, SO WHAT MAKES UP THAT FIVE, ROUGHLY 500, $500 MILLION? IS THAT WHAT'S THE BIGGEST I, UM, COMMERCIAL OR REAL ESTATE? MOST OF IT'S RIGHT HERE.
SO THERE ARE, UH, CONDOMINIUMS RIGHT HERE.
THERE ARE MULTI-FAMILY ALL THROUGH HERE.
THERE IS MULTI-FAMILY HERE, THE BASS PRO SHOP.
AND AT THE NEXT, UH, MEETING, IF Y'ALL WOULD LIKE, UH, WE CAN BRING A BREAKDOWN OF MAYBE BY ZONES LIKE, YOU KNOW, THE SOUTH ZONE, MID ZONE OF WHAT THE MAJOR CONTRIBUTORS CONTRIBUTORS ARE.
IF Y'ALL AGREE THAT WOULD, THAT WOULD NO, I THINK THAT'D BE GREAT.
BECAUSE THAT'S SUCH A, AND THAT'S THE BASE YEAR.
SO THAT'S VALUE ALREADY ON THE GROUND.
SO THE, THE, THE TIFF WON'T SEE ANY ADDITIONAL REVENUE FROM THAT, BUT ANY GROWTH, SO 4 96, SAY NEXT YEAR WE'RE AT 500 MILLION.
THAT FOUR DIFFERENCES IS WHAT WE'LL GO INTO THE, THE FUND.
AND UH, WE WILL ALSO DO OUR BEST TO, WE WILL, WE'LL BRING FORWARD WHAT IN THE INCREMENTAL GROSS, WHAT THAT NEW CONSTRUCTION, WHAT CAUSED THAT? SO THAT'S TYPICALLY SOMETHING WE SHOW OUR, OUR TIF BOARD MEMBERS.
SO WHEN YOU SEE, IF YOU SEE A MASSIVE JUMP IN IN IN REVENUE, WE, WE WILL TELL YOU WHAT CAUSED THAT.
AND JUST FOR THE TIFF BOARD'S KNOWLEDGE, UM, THE APPRAISAL DISTRICT STARTS REAPPRAISING THEIR PROPERTIES AND START PROVIDING THE CITY ESTIMATES, UH, AS EARLY AS APRIL.
UM, BUT WE REALLY DON'T GET CLOSE TO HAVING FINAL ESTIMATES UNTIL JUNE.
AND THEN WE RECEIVE THE CERTIFIED VALUES IN JULY.
SO REALLY THAT UPDATE ON HOW MUCH INCREMENTAL GROWTH AND WHAT'S DRIVING THAT INCREMENTAL GROWTH WILL BE REPORTED OUT RIGHT ALONGSIDE THE BUDGET PROCESS IN OUR JULY TIMEFRAME.
WE CAN PROVIDE YOU WHAT'S ON THE GROUND NOW.
WE'LL, WE WILL WORK ON THAT FOR THE NEXT MEETING.
AND SO THAT Y'ALL KNOW WHAT'S DRIVING THAT 496.
SO THIS PORTION IS REALLY JUST TALKING ABOUT THAT RIGHT NOW.
IN THE PROJECT PLAN, WE HAVE JUST THREE, WHAT WE CALL BUCKETS, BUCKETS OF FUNDING.
THE FIRST ONE IS PUBLIC INFRASTRUCTURE.
AND WHAT THAT IS, IS, IS ALL THE PAST.
SO, UH, I MENTIONED LAST TIME THAT, UH, CITY OF DALLAS WAS, OR DALLAS COUNTY, I'M SORRY, DALLAS COUNTY WAS PARTICIPATING IN THIS TIFF.
AND BY THEIR POLICY, YOU HAVE TO UTILIZE ANY OF THEIR MONEY ON PUBLIC INFRASTRUCTURE, WHICH WE DID.
WE USED IT FOR THE BASS PRO SHOP PARKING LOT.
SO THAT BUCKET IS REALLY JUST A HISTORICAL NUMBER OF ABOUT 1.9 MILLION OF THE DECAF OR THE CITY OF DALLAS'S PORTION INTO THE TIF.
[00:30:01]
UH, TALKED ABOUT LAST MEETING THAT, UH, THE CITY OF DALLAS IS BY POLICY TYPICALLY DOESN'T GO INTO GO LONGER THAN 17 YEARS IN A TIF.SO THE CHANCES OF THEM EVER JOINING AND CONTINUING ON IN THIS TIF OR SLIM TO NONE, THIS WILL PROBABLY BE A CITY OF GARLAND PARTICIPATION.
TIF ONLY, UH, UNLESS WE, UH, LOOK TO GET THE, THE DALLAS, ONE OF THE OTHER TAXING ENTITIES, UM, DALLAS COLLEGE PARTIC HAS PARTICIPATED IN TIF ONE.
THERE'S REALLY NO INCENTIVE FOR THEM TO DO THAT ALONG I 30TH THIS TIME.
UH, PARKLAND HAS IN THE PAST DONE SOME, UH, WE WOULD LOVE FOR THEM TO PARTICIPATE IN OUR MEDICAL DISTRICT, TIFF AT SOME POINT, BUT THEY TYPICALLY DO NOT PARTICIPATE AND SCHOOL DISTRICTS DO NOT PARTICIPATE IN TIFFS, UH, AT ALL BY LAW, REALLY.
AND WE, WE WERE TALKING IN THE BACK ROOM ABOUT FRISCO AND THAT WE CAN THANK FRISCO FOR WHAT, WHAT THEY DID THERE.
SO BACK, BACK WHEN, UH, FRISCO WAS ALL FARMLAND, THEY WERE SMART AND CREATED A TIFF AND BUILT A ROAD AND SEWER LINE RIGHT THROUGH THE MIDDLE OF IT.
AND AT THAT TIME YOU COULD HAVE THE SCHOOL DISTRICTS PARTICIPATE IN TIFF.
SO, UH, WHY YOU WOULD WANT THAT IS MOST PEOPLE KNOW, UH, SCHOOL DISTRICT'S, UH, TAX RATE IS WELL OVER A DOLLAR WHEN WE'RE AT LIKE 68 CENTS.
SO THEY WERE ABLE TO GET, UH, THE SCHOOL DISTRICT WITHIN THEIR TIFF.
AND SO WHEN YOU THINK ABOUT, UH, WHERE THE MALL IS, WHERE UH, THE, THE BASEBALL STADIUM IS, WHERE THE STAR IS, WHERE THE GOLF COURSE IS, THAT'S THAT TIFF.
AND, UH, AFTER THAT, AFTER THEY STARTED EXPANDING ON THAT STATE LAW CHANGED THE LAW TO MAKE IT VERY, VERY HARD FOR A SCHOOL DISTRICT TO PARTICIPATE IN IT.
BUT THEY WERE GRANDFATHERED IN.
SO SCHOOL DISTRICTS REALLY CAN'T PARTICIPATE IN TIFFS ANYMORE BECAUSE OF THE WAY THEY'RE FUNDED.
UH, BUT FRISCO RUINED IT FOR ALL OF US.
'CAUSE WE WOULD LOVE TO HAVE SCHOOL DISTRICT WITHIN OUR TS A LITTLE HISTORY ON TIFFS.
SO AGAIN, WE HAVE 119 AND RIGHT NOW WE JUST HAVE THIS ECONOMIC DEVELOPMENT GRANTS ONE BIG BUCKET.
THIS INCLUDES THE 50% PUBLIC SAFETY PORTION.
THIS ALSO INCLUDES THE PORTION THAT WE HAVE, UH, NOT ALLOCATED ANYTHING ON.
TYPICALLY WHAT WE DO IS WE START OFF WITH BIG BUCKETS AND THEN WE REFINE THOSE.
AND WHY WE DO THAT IS JUST REALLY JUST BECAUSE WE, WE HAVE NO IDEA.
WE DON'T WANT TO JUST BE ADDING STUFF AND THEN HAVING TO CHANGE IT.
THIS IS JUST AGAIN, A SKELETON.
BUT AS WE CONTINUE TO TALK THROUGH AND GET PROJECTS, THIS WILL BECOME MORE DETAILED FOR THE, THE ADMINISTRATIVE COST BUCKET.
DOES THAT INCLUDE THE, THE CONTRACTORS THAT WENT AND DID THE CONSULTANTS THAT WENT AND DID THE WORK? UH, WE WILL, WE, WE PROBABLY WON'T EVEN USE THAT.
BY LAW YOU HAVE TO HAVE AN ADMINISTRATIVE BUCKET.
SO WE'RE JUST USING THIS, YOU KNOW, 0.4% OF IT IN THERE.
WE WON'T BE USING ANY OF THAT WITHOUT BRINGING IT FORWARD TO THE TIFF.
BUT BY LAW YOU HAVE TO HAVE AN ADMINISTRATIVE BUCKET.
ALRIGHT, THANKS FOR POINTING THAT OUT.
SO THE CONSULT FEES ARE PART OF THIS, THE CITY BUDGET AND YEAH, WE'RE, WE'RE, WE'VE ALREADY TAKEN CARE OF THAT.
NOW, IF WE WERE TO BRING SOMEBODY BACK IN THE FUTURE TO REVIEW SOMETHING, YEAH, WE COULD UTILIZE THAT BUCKET.
SOME CITIES HAVE USED IT TO LIKE, FOR OUR STAFF TIME, BUT AS OF RIGHT NOW, WE DON'T HAVE ANY PLANS FOR THIS.
UH, UH, BUT IN THE FUTURE, WE MAY BRING BACK SOME, SOME IDEAS OF HOW WE COULD UTILIZE THAT.
SO AGAIN, THIS IS, YOU HAVE TO MAKE A DESCRIPTION OF KIND OF WHAT A PUBLIC UTILITIES, UH, UH, BUT IT, AS YOU CAN SEE HERE, BUT NOT LIMITED TO.
BUT WE DO NEED TO KIND OF OUTLINE WHAT, UH, WE MEAN BY PUBLIC INFRASTRUCTURE.
AND THEN, THEN THE NEXT PAGE WE WILL BELIEVE IT TALKS ABOUT ECONOMIC DEVELOPMENT GRANTS.
SO IT'S JUST A DESCRIPTION OF WHAT WE MEAN BY THESE BIG BUCKETS.
SO PUBLIC INFRASTRUCTURE IS THE TYPICAL THINGS THAT YOU WOULD THINK ABOUT.
WATER FACILITIES, SANITARY STORM WATER, PARKING STREETS, AND, UH, INTERSECTIONS.
I WILL SAY THAT, UH, WE HAVE OUR OWN WATER UTILITY FUNDS, STORM WATER FUNDS AND SANITATION FUNDS.
SO, UH, WE PROBABLY WON'T BE UTILIZING PROPERTY TAXES IN OUR TIFF TO FUND ANY OF THOSE BECAUSE THOSE ARE FUNDED THROUGH WATER RATES, SEWER RATES.
UH, TYPICALLY WHAT YOU SEE IN THE TIFF ARE OF THOSE, THOSE BOTTOM THREE PIECES OF PARKING, UH, STREETS AND, UH, PARKS, WHICH THERE'S SEVERAL PARKS WITHIN THIS TIFF AND, UH, TONS OF STREETS.
SO THAT'S TYPICALLY WHERE YOU'LL SEE THE EXPENDITURES.
BUT WE WENT AHEAD AND INCLUDED 'EM JUST IN CASE.
UH, THE, THE DESCRIPTION OF THE ECONOMIC DEVELOPMENT GRANTS, IT'S REALLY VERY BROAD AT THIS TIME AND IT'S JUST POINTING TO, AS OUR CONSULTANT TALKED ABOUT LAST TIME, THAT IN CHAPTER THREE 11, IT ALLOWS US TO ENTER WHAT'S CALLED A CHAPTER THREE 80 GRANT, WHICH IS
[00:35:01]
A DIFFERENT PIECE OF THE TAX CODE TO DO, UH, TO, TO, UH, PROVIDE GRANTS TO MUNICIPALITIES AND TO PROVIDE GRANTS TO PRIVATE ENTITIES.SO, UH, IN THE FUTURE WE MAY, WE RIGHT NOW HAVE IN OUR PLAN FOR THAT GRANT TO GO BACK TO THE CITY OF GARLAND FOR THE PUBLIC SAFETY.
UH, IN THE FUTURE WE CAN BRING BACK, UH, IDEAS OF IF THERE'S INCENTIVE PACKAGES OR, OR THINGS OF THAT NATURE FOR PRIVATE ENTITIES, UH, TO, UH, TO BUILD WITHIN THE ZONE.
IT PROVIDES THE LATITUDE TO DO THAT.
AND THEN THE ADMINISTRATIVE COST, AGAIN IS SOMETHING WE HAVE TO PUT IN HERE BY LAW.
AND IT'S JUST BRIEFLY DESCRIBING SOME OF THE THINGS WE CAN USE ON IT.
BUT AS I SAID, WE WON'T, WE WON'T USE ANYTHING WITHOUT COMING BACK TO THE BOARD.
SO, UH, WE HAVE TO DESCRIBE METHOD OF FINANCING RIGHT NOW.
UH, THERE IS NO PLAN FOR ANY FINANCING THROUGH THE TIFF.
UH, SO YOU CAN SEE THAT UNDER DEBT SERVICE, IT IS AN ANTICIPATED AT THIS TIME THAT THE TURS WILL INCUR ANY BONDED AND NESS.
UH, IT'S JUST SOMETHING WE HAVE TO PUT IN THE PLAN IF WE ARE PLANNING TO ISSUE BONDS, UH, BACK BY THE TIFF AT THIS TIME.
AND MORE THAN LIKELY IN THE FUTURE, IF WE DO ISSUE BONDS, WE TYPICALLY ISSUE THOSE BACKED BY THE FULL FAITH ACCREDIT OF THE TAX RATE AND HAVE LIKE A REIMBURSEMENT TYPE THING FROM THE TIFF.
UH, 'CAUSE TIFFS TYPICALLY AREN'T GOING TO BE ABLE TO DO, YOU KNOW, FUND A $200 MILLION DEBT ISSUANCE, BUT THEY MAY BE ABLE TO FUND A SMALL PORTION OF THAT, LIKE MAYBE THE WAY FINDING SIGNS OR SOMETHING LIKE THAT ALONG A LARGE INTERSECTION.
AND WE'LL JUST SIMPLY, UH, PROVIDE US A, A, A AS A SUPPORT TO THAT DEBT SERVICE FROM THE CITY SIDE.
BUT AGAIN, RIGHT NOW WE HAVE NO PROJECTS IN THE PIPELINE.
UH, BUT THAT'S A FOR FUTURE DISCUSSION.
THAT'S SOMETHING WE WOULD CHANGE IF WE NEED TO CHANGE THAT.
CAN I ASK YOU A QUESTION? UM, CAN THE TIFF REVENUE ONLY BE INVOLVED WITH THE DEVELOPMENT OF NEW STREETS OR C CAN DOES MAINTENANCE COME UNDER THAT AS WELL? WE, WE'VE GOT ALL THIS OLD INFRASTRUCTURE IN SOUTH GARLAND THAT'S GETTING PRETTY BUSTED UP, IF YOU WILL.
CAN TIF DOLLARS BE USED FOR MAINTENANCE TO BRING THOSE BACK TO, UH, UH, A MORE ACCEPTABLE LEVEL OR IS IT ONLY FOR NEW CONSTRUCTION NOW? IT CAN BE USED FOR ANYTHING THAT BENEFITS THE ZONE.
SO IF IT BENEFITS THE ZONE, WE CAN USE IT THERE.
SO OH, THE ZONE OF THE ZONE, WE CANNOT GO OUTSIDE THOSE BOUNDARIES, BUT, UH, ANYTHING WITHIN THAT ZONE.
SO, BUT IT, IT DOES HAVE TO BE LIKE AN ANALYSIS BECAUSE I KNOW PART OF THE, THE CITY'S BOND WAS AROUND A LOT OF STREET REPAIR, PART OF THAT BIG, ONE OF THE THREE PILLARS.
SO IT CAN'T, YOU CAN'T DOUBLE CORRECT.
WE, YEAH, WE, WE DID GO TO THE VOTERS FOR A LARGE BOND PACKAGE TO FIX RESIDENTIAL STREETS.
UH, WE ALSO HAVE PROJECTS IN PLACE FOR WHAT WE CALL ARTERIAL STREETS FROM THE 2019 BOND.
SO WE DO HAVE OTHER FUNDING MECHANISMS FOR ROADWAYS.
AND A LOT OF TIMES, UH, RIGHT NOW WHAT WE'RE IN IS, IS IT'S A COORDINATION PROCESS.
SO, UH, YOU DON'T WANNA DO A MA MAJOR WATERLINE AND THEN COME IN OR BUILD A ROAD AND THEN 10 YEARS LATER TEAR IT OUT WITH, FOR, WITH A MAJOR WATERLINE.
SO OUR STREETS DEPARTMENT HAS BEEN, UH, WORKING HARD AND, AND ENTERED INTO A CONSULTING AGREEMENT WITH A, A GROUP THAT REALLY JUST LOOKS AT WHAT WE CALL THE OCI AND IT'S, IT'S THE, UH, THE BASICALLY A CONDITION INDEX OF EVERY STREET WITHIN GARLAND.
AND SO ONCE THEY HAVE THAT, SO NOW THEY HAVE THAT, THEY, THEY KNOW A SCORE FOR EVERY STREET IN GARLAND.
THE NEXT PIECE OF THAT WAS WHAT IS THE RIGHT OF REPLACEMENT TYPE? IS IT A, IS IT A, A BLACK, YOU KNOW, OVERLAY OR IS IT A FULL RECONSTRUCTION? 'CAUSE WE WANNA MAKE SURE WE STRETCH OUR DOLLAR AS FAR AS WE WANT SO THAT WE'RE LOOKING FOR THE RIGHT PIECE TO APPLY TO THAT.
SO THEY HAVE COME UP WITH, FOR THE 2026 CIP, WHICH WILL, UH, ALLISON WILL BE BRINGING FORWARD TO COUNCIL, UH, UH, NEXT MONTH.
UH, THEY HAVE IDENTIFIED WHAT'S IN THE 2026 PLAN, BUT IT'S A COORDINATED EFFORT TO MOVE ACROSS THE CITY TO TRY TO GET ALL THOSE RESIDENTIAL STREETS TO MOVE OUR OCI SCORE UP TO 75, WHICH RIGHT NOW IT'S AT A 69.
SO THE CITY TAKES CARE OF RESIDENTIAL STREETS AND YOU HAVE AN ARTERIAL PLAN FOR THE ARTERIAL STREETS AND TEXDOT TAKES CARE OF THE HIGHWAYS AND THEN BUSINESSES TAKE CARE OF THEIR PRIVATE PARKING LOTS AND DRIVEWAYS, ENTRANCEWAYS, THINGS LIKE THAT.
WE DO HAVE, IN THE LAST BOND PROGRAM THERE'S OH $75 MILLION ECONOMIC DEVELOPMENT PROGRAM THAT, SO BACK TO THE PRIVATE THERE, THERE IS FACADE IMPROVEMENTS AND OTHER IMPROVEMENTS THAT YOU CAN GET A GRANT FOR.
UH, BUT TYPICALLY IT'S NOT FOR PARKING LOT,
[00:40:01]
IT'S JUST AS IF IT'S PART OF A BEAUTIFICATION TYPE STRATEGY.UH, THESE CHARTS ARE REALLY, AGAIN, JUST SOMETHING WE NEED HAVE TO PUT IN HERE.
BUT WHAT IT'S SAYING IS, UH, FOR THE FIRST 20 YEARS THE CITY OF GARLAND PARTICIPATED WITH A HUNDRED PERCENT OF ITS TAX RATE, WHICH IT'S AT 0.6 8 9 7 4 6 RIGHT NOW.
UH, DALLAS COUNTY PARTICIPATED AT 50% OF THEIR TAX RATE, WHICH IS 0.215.
SO MOVING BACK TO, YOU KNOW, THIS PIECE, THAT'S WHAT THIS IS.
UH, OVER THE NEXT 21 TO 40 YEARS, WE'RE GONNA CONTINUE TO A HUNDRED PERCENT PARTICIPATION, BUT YOU CAN SEE THE DROP OFF OF DALLAS COUNTY AND WE ARE ONLY PARTICIPATING ON REAL PROPERTY TAXES.
SO THERE IS NO BUSINESS PERSONAL PROPERTY THAT'S ALLOWED TO BE USED IN TIFS.
AND TECHNICALLY YOU CAN USE SALES TAX IN THE TIF, BUT WE ARE NOT PROPOSING ANY USES OF OUR SALES TAX WITHIN THE TIF.
THAT IS, THE SALES TAX PIECE IS A VERY TRICKY 'CAUSE.
ONE, IT'S VERY HARD TO GET THE DATA OF A GEOGRAPHIC AREA 'CAUSE IT'S CONFIDENTIAL FOR A SALES TAX.
SO THERE'S VERY FEW SALES TAX OPERATED, UH, TIFFS IN THE STATE.
BUT WHY IT'S IN HERE IS AGAIN, IF DART WERE TO TO JOIN THE TIFF, UH, THEY WOULD, UH, YOU KNOW, WHATEVER PERCENTAGE WE WOULD PLUG THEM IN HERE.
I MAY HAVE ASKED THIS QUESTION BEFORE, BUT I CAN'T REMEMBER.
SO THESE RATES, THESE MILLAGE RATES ARE BASED ON 2025, BUT CERTAINLY THEY CAN CHANGE.
SO IS THIS, IS THIS RATE BUILT IN LIKE EVEN IF THERE'S ADMINIS RATE CHANGE OR IT IT ADMINISTRATIVE CHANGE OR THAT CHANGES? IT'S CHANGING.
SO BASICALLY SAYING AT A HUNDRED, SO THAT'S WHY IT SAYS 2025 RATE.
OKAY? IF THIS RATE CHANGES, WE'RE PARTICIPATING AT A HUNDRED PERCENT, OKAY.
NO MATTER WHAT THAT MILITARY, WHATEVER, WHATEVER THAT RATE IS, IT'S SAFE TO ASSUME THAT THAT IS GONNA INCREASE.
IT WILL MORE THAN LIKELY WILL
'CAUSE WITH THE STATE'S, UH, REVENUE CAPS THAT HAVE PUT IN PLACE HOW THEY CONTROL YEAR, HOW MUCH REVENUE WE GET, THEY LOWER THE RATE.
SO OUR RATE HAS ACTUALLY DROPPED ALMOST 9 CENTS.
10, 10 CENTS, 10 CENTS SINCE 2019.
SO IT CAN FLUCTUATE, BUT YEAH.
SO IT'S GOING TO MORE THAN LIKELY CONTINUE TO DE DECREASE DOWN, BUT WE WILL PARTICIPATE AT A HUNDRED PERCENT.
YOU COULD BARELY READ ANY OF THIS.
THE BOTTOM LINE HERE IS, IS YOU HAVE TO HAVE A CASHFLOW ANALYSIS WITHIN THE TIFF.
AND THIS IS JUST A YEAR BY YEAR SHOWING THE VALUES OF HOW, HOW WE DETERMINED THIS 119.
AND AGAIN, IT'S JUST TAKING THE BASE VALUE YEARS WITH A 3.5% INCREMENTAL GROWTH.
UM, I WON'T GET IT 'CAUSE IT'S REAL HARD TO SEE, BUT THAT'S WHAT THIS IS.
I WILL SAY THE CASH FLOW BECOMES EXTREMELY IMPORTANT ONCE WE START PROGRAMMING PROJECTS.
SO, UH, IN THE FUTURE WE WILL BE SPENDING A LOT MORE TIME TALKING ABOUT CASH FLOWS 'CAUSE THAT'S WITH OUR OTHER T THAT'S THE PRIMARY DISCUSSION BECAUSE YOU GOTTA MAKE SURE YOU HAVE THE MONEY TO DO THE PROJECT.
AND THIS IS WITH A ROUNDING AREA AREA WE WERE TALKING ABOUT EARLIER.
WHAT THIS IS BASICALLY SAYING IS THE TOTAL TAXES WERE ANTICIPATED TO BE GENERATED FOR ALL TAXING ENTITIES OVER THE NEXT 20 YEARS IS 383.6 MILLION.
UH, THE PARTICIPATION COMPONENT IS WE ARE PARTICIPATING AT A HUNDRED PERCENT.
DALLAS COUNTY PARTICIPATED AT 50% FOR ONLY 20 YEARS.
AND SO THE NET BENEFIT AND WHY THEY WANT YOU TO SHOW THIS IS BECAUSE THE POINT OF A TIFF IS TO SHOW A NET BENEFIT BACK TO THE CITY.
UH, A A A TIFF IS MEANT TO EXPIRE AT SOME POINT AND SHOW A NET BENEFIT BACK TO THE CITY.
RIGHT NOW WE HAVE NO BE NO NET BENEFIT BECAUSE WE'RE JUST STARTING IS BASICALLY WHAT THIS IS SAYING.
SO WE WILL CORRECT THIS TO BE FLAT, NOT SHOWING A NEGATIVE 28 6 4.
AND THAT'S THE PLAN AS OF RIGHT NOW.
AGAIN, IT'S VERY HIGH LEVEL WITH THE INTENT.
THESE THINGS GROW OVER TIME AND, AND GET MORE, UH, UH, INFORMATION, MORE DESCRIPTIONS.
BUT AT THIS TIME WE JUST, THIS IS MORE OF A COMPLIANCE MEETING TO SET IN PLACE THE RECOMMENDATION BACK TO COUNSEL TO UH, UH, HAVE AN ORDINANCE PASSED TO BASICALLY HIT SO Y'ALL CAN HIT THE GROUND RUNNING.
'CAUSE WE HAVE TO HAVE THIS IN PLACE TO DO ANYTHING.
AND WITH THAT, THAT'S A HIGH LEVEL OVERVIEW, BUT WE'LL TAKE ANY MORE QUESTIONS AND THEN, UM, UH, THE NEXT THEN ASK THE CHAIR TO MOVE ON TO THE NEXT ITEM AND, UH, WE CAN TALK ABOUT IT, UH, MAKE ANY CHANGES Y'ALL WANNA MAKE.
AND AGAIN, WE'RE JUST LOOKING TO GET THIS, UH, SKELETON BASELINE PROJECT PLAN IN PLACE.
SO IN FUTURE MEETINGS WE HAVE A WORKING DOCUMENT TO, TO LOOK AT.
[00:45:03]
WE NEED TO MAKE A MOTION TO MAKE THAT ROUNDING ERROR.WE NEED TO MAKE A MOTION FOR THAT.
I MEAN, IT'S REALLY ADMINISTRATIVE, BUT SINCE I WAS SAYING, UH, Y'ALL GET INTO DELIBERATIONS.
AND THEN IN ITEM B, IF YOU WOULDN'T MIND JUST SAYING WITH THE ROUNDING AREA YOU DESCRIBED ANY QUESTIONS OF STAFF AFTER THE PRESENTATION, WE STOPPED HIM ALONG THE WAY.
WHAT IS IT GONNA TAKE TO GET THAT PROJECT GOING? UM, THERE IN THAT HARBOR AREA THAT YOU'RE TALKING ABOUT? THE THE BOARDWALK AREA? YEAH.
WE, SO WE HAD THAT IN THE ECONOMIC DEVELOP OR IN THE PROP, THE, THE 2025 BOND PROGRAM.
WE HAVE A PROPOSITION FOR PARKS AND RECREATION, THAT'S 30 MILLION THAT IS BASED OFF OF A QUOTE THAT WE RECEIVED FOR THAT BOARDWALK.
SO 30 MILLION IS THE BUDGET OF THAT RIGHT NOW.
THEY ARE, OUR PROJECT MANAGEMENT TEAM HAS ALREADY GOT THAT, THAT OUT ON THE STREETS FOR DESIGN.
UH, BUT WE'RE, WE'RE GONNA BUILD TO THAT BUDGET OF 30 MILLION, BUT IT'S BASED OFF OF AN ESTIMATE WE RECEIVED.
AND WE'RE HOPING THAT ONCE, ONCE WE PUT THAT IN, THERE MAY BE SOME BUSINESSES WANTING TO COME INTO THAT AREA, MAYBE SOME RESIDENTIAL.
UM, SO I MEAN THAT, THAT'S OUR HOPE, RIGHT? IS ANOTHER ATLANTIC.
WE PUT SOME INFRASTRUCTURE IN AND MAYBE, YOU KNOW, UH, SOME OTHER ORGANIZATIONS ARE GONNA WANNA PARTICIPATE AND, AND COME TO THAT.
SO THIS IS THE AREA PLAN I MENTIONED.
THE, THERE IT'S VERY LITTLE BUT MM-HMM
SO WHEN WE'RE TALKING THE BOARD, WHY THIS IS A, THIS IS WHAT WE'RE TALKING ABOUT, THE $30 MILLION PROJECT.
SO ITS INTENT IS TO CONNECT, WALK, MAKE THIS AREA MORE WALKABLE.
SO THERE'S CURRENTLY, YOU KNOW, RESTAURANTS HERE, THERE'S A HOTEL AND BASS PRO IS BACK HERE.
AND WE'VE ALREADY BUILT DOWN HERE A TRAILHEAD THAT KIND OF FLOWS OVER THROUGH THIS WAY.
SO THERE'S A TRAIL THAT WAS BUILT HERE.
AND SO THAT BOARDWALK WILL BASICALLY FLOW AROUND THIS WAY.
WE HAVE JOHN PAUL JONES PARK HERE.
AND AGAIN, WE TALKED ABOUT THE TAKE AND THE LONG TERM TRAILS.
THE HOPE IS TO, YOU KNOW, HAVE ALL THIS CONNECTIVE, YOU KNOW, BUT WE'RE TALKING 20, 50 YEARS OUT.
BUT UH, IN THE NEXT, WE'RE ALREADY OUT ON DESIGN ON THAT BOARDWALK.
UH, SO OVER THE NEXT TWO YEARS YOU'LL START SEEING THAT POP UP OVER THERE.
BUT YES, THE INTENT IS TO ATTRACT DEVELOPMENT TO COME IN, UH, IN THE ECONOMIC DEVELOPMENT.
UH, THERE'S ABOUT 80, I THINK WE OWN 87 ACRES OF THE 800 THAT ARE ALREADY HERE.
YOU MENTIONED THE FAULKNER PROPERTIES.
THERE'S SEVERAL OTHER FORECLOSED PROPERTIES SCATTERED WITHOUT THERE.
SO THOSE ARE OTHER INCENTIVE TOOLS THAT WE'RE LOOKING AT.
SAY WE GET A DEVELOPER THAT COMES IN AND SAYS, WELL I DON'T WANNA, I DON'T WANNA BUY ALL THAT, THAT LAND RIGHT THERE, WHILE WE CAN SAY, WE'LL BUY THOSE STRUCK OFF PROPERTIES IF YOU'RE, WE WILL, YOU KNOW, TRY TO HELP CLOSE THEIR GAP.
SO THERE'S TOOL, WHAT WE'RE TRYING TO DO WITH THAT EED BOND IS PUT TOOLS IN OUR TOOLBOX TO BRING PEOPLE HERE.
SO MAYBE WE ASK THIS QUESTION BEFORE, BUT IF, SO I DON'T REMEMBER EXACTLY WHAT KIND OF DEVELOPMENT ARE WE LOOKING FOR.
ARE, ARE WE LOOKING FOR MULTI-USE RESIDENTIAL COMMERCIAL RESTAURANT? I KNOW THAT WE BUILT SOCCER AREA OR WE'RE BUILDING A SOCCER STADIUM SOMEWHERE ELSE, NOT IN R TIFF.
SO WE'RE REALLY LOOKING, TRYING TO MAKE IT LIKE A WALKABLE CITY TYPE VIBE.
AND THAT'S WHAT'S ALL, THAT'S WHAT THE PURPOSE OF THIS DOCUMENT IS THAT I SENT OUT THAT I MENTIONED WE COULD HAVE A FUTURE MEETING TO DISCUSS IS THAT SPECIFIC THING.
SO WHEN YOU LOOK AT THIS, THIS IS FROM A HIGH LEVEL AND YOU CAN GET INTO MORE DETAIL ON THE OTHER MAPS THAT ARE WITHIN HERE.
BUT IF YOU LOOK AT THESE PURPLE, WHAT IT'S BASICALLY SAYING IS THIS IS WE, UH, ACCORDING TO THE CONSULTANTS IN OUR PLANNING DEPARTMENT, THE BEST USE OF THAT IS MIXED COMMERCIAL.
SO YOU CAN SEE ALL THE DIFFERENT PIECES HERE, LIKE URBAN CORE TOWN CENTER, YOU KNOW, HERE IN URBAN CORE, THE WALKABILITY, YOU KNOW, WE GOT THE, THE, UH, BOARDWALK HERE TRAILS.
SO YOU HAVE ALL THE DIFFERENT COMPONENTS BASED OFF OF THEIR ANALYSIS OF WHAT THE BEST USES ARE FROM A HIGH LEVEL.
BUT IF YOU LOOK THROUGH THIS ENTIRE PLAN, THERE'S VERY DETAILED DESCRIPTIONS OF SOME OF THE THINGS THAT, YOU KNOW, WE'RE LOOKING TO DO.
SO YOU CAN SEE SOME OF THESE THINGS.
THIS IS THE STATE FARM BUILDING, UH, YOU KNOW, JUST EXAMPLES OF WHAT WE'RE LOOKING TO DO.
UH, WAY FINDING IS ALWAYS EXTREMELY IMPORTANT.
UH, THERE'S SOME BEACONS LIKE IDEAS OF HAVING LIKE RIGHT HERE, A,
[00:50:01]
A A BEACON LIGHT OR SOMETHING TO ATTRACT PEOPLE LIKE A LIGHTHOUSE.UH, I DON'T, SO ROCKWALL DID THE LIGHTHOUSE THING, BUT THIS IS MORE OF JUST LIKE A, TO ATTRACT PEOPLE OFF THE LAKE TO COME OR A STRUCTURE, JUST SOME SORT OF ART STRUCTURE.
SOMETHING UNIQUE SO THAT PEOPLE YEAH.
AND, AND, AND YOU KNOW, OUR BIG THING HERE IS WE GAR WE WANNA BE GARLAND.
SO ROCKWELL'S DONE THEIR THING.
AND UH, WE'RE BIG ON, WE SAY THE GARLAND VIBE.
WE, SO WE WANT IT TO BE GARLAND.
SO THESE ARE JUST IMAGES OF THINGS THAT WE'RE, WE'RE LOOKING AT.
BUT OBVIOUSLY WE WOULD HAVE SOMEBODY ACTUALLY DO A REAL PIECE OF ARTWORK.
THIS IS JUST A, AN EXAMPLE FROM CYPRESS WATERS, RIGHT? OKAY.
IS THEY'RE GONNA BE BOAT DOCKS DOWN THERE AGAIN.
UH, THAT YES, THE, WITHIN THAT BOARDWALK THERE IS DISCUSSIONS TO HAVE BOARDWALK, UH, BOATS WITHIN THERE.
AND THERE'S ALSO BEEN SOME BOAT RAMPS ON, UM, IS IT WINDY PARK? JOHN PAUL, JOHN PAUL JONES ON THE NORTH SIDE OF THE LAKE.
I BELIEVE THERE'S A BOAT DOCK PLANNED THERE.
AND THEN ON THE BOARDWALK ITSELF, THERE WILL BE SLIPS SIMILAR TO IF YOU SEE, IF YOU'VE BEEN TO ROCK WALL WITH THE SLIP, THE SLIP STRUCTURES THAT THEY HAVE.
CAN YOU GO BACK TO, I THINK IF YOU SCROLL UP, THERE'S LIKE A, A MAP THAT YOU WERE ON THAT HAD LIKE A, A KIND OF A VISUAL VISUAL VIEW RIGHT HERE.
IS THAT RESIDENTIAL NOW OR ARE THERE APARTMENTS? THERE ARE APARTMENTS HERE, YES.
SO WILL THAT EXIST WITH THIS NEW DEVELOPMENT OR, UH, THAT CAME UP.
SO, UH, TUESDAY NIGHT, UH, COUNCIL HAD A COUPLE PEOPLE COME UP AND, AND TALK ABOUT THIS 'CAUSE THEY'RE ACTUALLY LIVING IN, IT WAS ACTUALLY THIS PIECE RIGHT HERE.
SO THEY CAME TO SPEAK BECAUSE THEY LIVE IN THESE CONDOMINIUMS RIGHT HERE.
AND THEY'RE LIKE, YOU'RE GONNA TAKE OUR HOUSE.
THIS IS A LONG TERM JUST PLAN.
SO WHAT WOULD HAVE TO HAPPEN HERE IS, IS WE, I MEAN WE WOULD HAVE TO BUY OUT EVERY SINGLE ONE OF THESE PEOPLE'S PROPERTIES.
AND WE HAVE NO PLANS TO DO THAT RIGHT NOW.
THIS IS A, JUST A PLANNING DOCUMENT FOR US TO GUIDE US TO WHAT CONCEPT PLAN, CONCEPT PLAN FOR WHAT THEY, THEY ENVISION.
UH, RIGHT NOW THE, THE, THE TIP OF THE ICEBERG IS THE BOARDWALK FEATURE.
SO YOU TAKING THE APPROACH OF YOU BUILD IT, THEY WILL COME
UH, THERE IS ALSO TONS OF ROADWAY WORK THAT WAS MENTIONED BY OUR CHAIR THAT NEEDS TO BE ACCOMPLISHED THROUGHOUT HERE, WHICH CAN'T REALLY BE DONE UNTIL 30 IS DONE.
SO IF YOU LOOK, THE FIRST THING THAT WILL BE DONE, AND I BELIEVE WE TALKED ABOUT THIS TWO MEETINGS AGO.
I THINK THERE, THIS IS PLANNED TO BE DONE BY 2027, BUT KNOWING HOW THEY WERE, THAT PROBABLY MEANS 2029
BUT WHAT THEY'RE DOING HERE IS FLIPPING BASS PRO.
SO RIGHT NOW BASS PRO GOES OVER, IT WILL GO UNDER CHAW HALL, WILL HA THERE WILL BE ADDITIONAL, UM, EXITS INTO BASS PRO FROM THIS.
THAT WILL MAKE IT MORE EASY TO NAVIGATE IN.
'CAUSE IF YOU DRIVE OUT THERE, IT'S VERY BASS PRO'S HIT
SO WE REALLY WON'T DO ANY ROAD WORK OR ANY OF THIS UNTIL THAT GETS DONE.
AND THEN, YOU KNOW, WE'RE GONNA HAVE TO HAVE SOME ROADWAY INFRASTRUCTURE PUT IN PLACE THROUGHOUT.
AND IN MY MIND, THESE THESE BIG THINGS OF WHAT WAS TALKED ABOUT AT THE COUNCIL MEETING OF YOUR PROPERTY GOING AWAY, THAT THEY WILL BE PAID FOR IT.
ONE AND IT'S WAY DOWN THE ROAD.
I MEAN, WE'RE TALKING, WE'RE TALKING RIGHT NOW OF TRYING TO JUST GET THROUGH A BOARDWALK SITUATION AND GET 30 DONE.
AND I MENTIONED THAT'S NOT GONNA BE DONE FOR THREE YEARS.
THE BOARDWALK WILL BE DONE IN THREE YEARS.
BUT TO THINK OF THIS AS 50 YEARS DOWN THE ROAD, WHAT THEY ENVISION THIS LOOKING LIKE.
ANY OTHER QUESTIONS? DID YOU TELL US TWO MEETINGS AGO WHEN THE WORK ON THE GEORGE TO PUSH IT THROUGH WAS GONNA START OR NOT? I DID.
WE, WE TALKED ABOUT IT, BUT I CAN'T REMEMBER.
SO WE'VE STILL GOT A FEW MINUTES.
SO SHORT TERM
HONESTLY, THAT'S PROBABLY ALL WE CAN DO NOW WITH THE ECONOMICAL CONDITIONS.
I'M JUST TALKING TO MYSELF RIGHT NOW.
AND, AND, AND I JUST TO SAY FRANKLY, COUNCIL, SOME OF THE COUNCIL MEMBERS 'CAUSE WE HAVE A LOT OF MONEY PROGRAMMED IN THE BOND PROGRAM, RIGHT, THAT'S TRUE.
WHY ARE WE DOING THIS? BUT REMEMBER THIS
[00:55:01]
TIFF IS MORE THAN JUST THIS BOARD BOARDWALK.OR MORE THAN JUST THAT HARBOR POINT.
THAT'S WHAT I WAS THINKING ABOUT.
OTHER OPPORTUNITIES WHEN YOU LOOK DOWN PAST THIS WAY, THERE ARE AMPLE OPPORTUNITIES.
LIKE ROSE HILL, WE OWN THIS LAND HERE.
THERE'S A BUNCH OF HOMES THAT HAVE POPPED UP HERE.
SO THERE'S OPPORTUNITIES AT ROSE HILL, THERE'S OPPORTUNITIES BACK DOWN SOUTH.
UM, THERE'S BEEN A LOT OF DEVELOPMENT THROUGH HERE THAT WE CAN HELP INCENTIVIZE, HAVE TO GET A GROCERY STORE.
I, I KNOW I'VE TALKED, TALKED ABOUT THAT A LOT.
I DON'T EVEN LIVE THERE, BUT I THINK THEY NEED A GROCERY STORE.
WELL THEY JUST OPENED ONE IN SUNNYVALE, BUT IT'S FARTHER DOWN PAST THE YEAH, YEAH, YEAH.
THAT'S WHY I WAS LEANING TO, THAT'S WHY I WAS THINKING AROUND LIKE, NOT HARBOR POINT, BUT SOME OF THE OTHER LIKE RIGHT.
LIKE DEVELOPMENTS AND RETAIL, ET CETERA.
I HEARD YOU NEED TRADER JOE'S
I HEARD THEY'RE GONNA PUT A JOVIE WHERE THE KROGER WAS JOVI'S MIGHT BE WHAT WORKS.
THEY COULD JUST PUT A A, B, HB QUESTION.
UH, WHEN WE DO THE DEVELOPMENT, DO WE HAVE TO ACQUIRE SOME OF THE PRIVATE PROPERTIES, HOMEOWNERS HOUSES OR SOMETHING? DO WE HAVE, DO WE HAVE, IF WE WERE TO, YES.
I MEAN IF, AGAIN, RIGHT NOW THERE IS NO INTENTIONS FOR DISPLACEMENT OF PEOPLE, BUT WE WOULD HAVE TO GO THROUGH THE, WHAT'S CALLED THE IMMINENT DOMAIN PROCESS.
AND BY LAW WE WOULD HAVE TO BUY THEM OUT AT MARKET VALUE.
SO IF WE WERE TO GO IN AND TAKE SOMEBODY'S PROPERTY, IT HAS TO BE FOR PUBLIC PURPOSE.
SO WE CAN'T TEAR SOMETHING DOWN.
AND, AND GIVE IT, TURN IT OVER TO A DEVELOPER.
HAS TO BE A ROAD, HAS TO BE A PARK, HAS TO BE SOMETHING THAT'S PUBLIC PURPOSE.
AND THEN TWO, WE GOTTA PAY 'EM OUT MARKET VALUE.
SO THE CHANCES OF US DOING ANY OF THAT OR SLIM IT ON.
AND THIS IS, YOU KNOW, CORRECT.
SO DO WE HAVE EXPERIENCE THAT, UH, WE ACQUIRED SOME, UH, PRIVATE PROPERTIES OR SHOPS IN OTHER AREAS IN CITY, CITY OF GARLAND? CORRECT.
WE, WE HAVE AN ACTIVE LAND ASSEMBLY, UH, PROGRAM IN PLACE.
IT'S BEEN MOSTLY ACTIVE OFF 6 35 IN SHILOH.
UH, Y'ALL MAY HAVE SEEN, THERE USED TO BE A CINEMA MARK THERE, THERE WAS A, UH, OTTER STORAGE THAT WAS THERE, BUT THOSE WERE FLAT OUT PURCHASES OF THEIR PRIVATE PROPERTY.
SO WE WENT IN AND SAID, HEY, CINEMA MARK, WE WILL OFFER YOU THIS $4 MILLION TO HAVE YOUR PROPERTY.
THEY AGREE TO IT, WE DEMOLISH IT TO GET THE LAND ASSEMBLY.
SO ALL THE LAND ASSEMBLY EFFORTS THAT WE DO FOR PRIVATE DEVELOPMENTS IS A NEGOTIATED PROCESS WITH A WILLING BUYER AND SELLER.
THAT WAS HAPPENING UP THERE OFF NAMAN AND BRAND.
AND SOME OF THAT WAS THEM IN A DOMAIN HAVE TO ACQUIRE SOME OF THOSE PROPERTIES UP THERE.
UH, OFF FER AND GEORGE BUSH, WE ACQUIRED SOME PROPERTY THERE.
UH, WE DO HAVE, LIKE I MENTIONED, SOME OF THE FORECLOSURES THAT ARE THROUGH HERE.
UM, RIGHT NOW OUR LAND ASSEMBLY, UH, PROCESS IS KIND OF ON HOLD BECAUSE SOME OF THE, LIKE WITH A FORECLOSED PROPERTY, IT'S FORECLOSED ON.
WE HAVE LEGAL CONTROL OVER THE PROPERTY, SO WHY BUY IT UNTIL WE HAVE A DEVELOPER? YEAH.
SO A LOT OF THE LAND ASSEMBLY IN THIS AREA ARE KIND OF IN FLUX.
UH, I WILL SAY IN THE REDEVELOPMENT WORLD, ESPECIALLY, GOTTA STRIKE WHEN THE IRON HOTS HOT AND YOU HAVE A, IT'S ALMOST LIKE FISHING.
WE BRIEF Y'ALL AND THEN WE MOVE ON WITH EITHER YES OR NO.
SO, ONE MORE QUESTION THAT, UH, IF WE ACQUIRE PROPERTIES LIKE THAT, HOW LONG THE PROCESS OF ACQUISITION, IT DEPENDS ON THE SELLER AND IT DEPENDS ON US, TY, AND WHAT'S THE, WHERE THE PROPERTY IS? SO THERE'S USUALLY A FEASIBILITY TIMEFRAME.
SO WHAT'S HAPPENING THERE IS YOU MIGHT GO OUT AND TAKE A LOOK AT, UH, WHAT'S UNDER THE GROUND, WHAT USED TO BE THERE.
ARE WE SURE WE WANNA BUY THIS? 'CAUSE WE CAN'T PUT ANYTHING ON TOP OF IT.
SO 60 TO 90 DAYS IS USUALLY THE PROCESS OF, UH, OF, OF START TO FINISH.
COURSE, WHICH DEPARTMENT HANDLING IN THE CITY OF GOVERNMENT, UH, ECONOMIC DEVELOPMENT HANDLES THE BULK OF IT.
BUT WE DO ALSO HAVE A REAL ESTATE, UH, MANAGEMENT DEPARTMENT WHO IS THE ONE THAT'S ACTIVELY NEGOTIATING, GETTING APPRAISALS, TAKING A LOOK AT, UH, FEASIBILITY STUDIES OF WHAT'S UNDER THE GROUND, ENVIRONMENTAL STUDIES AND DETERMINING, UM, THE, THE APPROPRIATE CLOSING DATE FOR THAT.
SO IT'S USUALLY 60 TO 90 DAYS AND UH, OBVIOUSLY WE'LL HAVE TO GET COUNCIL APPROVAL, SO THROW ANOTHER TWO, FOUR WEEKS IN ON THAT.
UH, I'LL SAY THE WHOLE PROCESS FROM THE TIME WE IDENTIFY SOMETHING TILL THE END, I MEAN, YOU COULD, IT COULD BE THREE MONTHS FOR OF, OF MAKING SURE EVERYTHING'S UP TO SPEED, BUT FOR THE ACTUAL CLOSING PIECE IS 60 TO 90 DAYS.
OTHER QUESTIONS, COMMENTS? WE'VE KIND OF
[01:00:01]
MORPHED INTO THREE B, UH, I BELIEVE YEAH.UM, UH, I GUESS AT THIS POINT WE MIGHT, UH, FORMALLY DELIBERATE ON, UH, MAKING A RECOMMENDATION OR APPROVAL OF THE PROJECT AND FINANCE PLAN THAT WE'VE JUST DISCUSSED.
UM, UH, I GUESS I WOULD ASK FOR A MOTION IF, UH, IS THIS TO GO TO COUNCIL? THIS WOULD GO, UH, A RECOMMENDATION TO GO TO COUNCIL.
SO WHAT WE'RE LOOKING AT RIGHT NOW IS THEY HAVE PROVIDED A PRELIMINARY PROJECT PLAN BASED OFF OF THE FEEDBACK FROM THE LAST TWO MEETINGS FROM Y'ALL.
UH, THIS IS TO FORMALLY PUT INTO PLACE THE STRUCTURE.
WE, THIS WILL BE A LIVING DOCUMENT MOVING FORWARD THAT WE'RE GONNA BE WORKING OFF OF.
AND IF IT'S NOT IN THIS PLAN, WE'RE NOT SPENDING IT.
SO I I'M OKAY WITH THAT, RYAN, SO YOU MAKE A MOTION.
WOULD YOU STATE YOUR NAME FOR THE RECORD? PC MATTHEW A SECOND.
AND WE'LL MAKE, UH, ON THAT MOTION, CAN WE MAKE SURE THAT IT IS ALSO WITH THE, THE LITTLE ROUNDING ERROR THAT WE HAVE.
AMENDMENT JUST 20,000 ROUNDING ERROR PER, UM, MICHAEL
ANY OTHER DISCUSSION ABOUT IT BEFORE WE TAKE A VOTE? ALL IN FAVOR? AYE.
I'LL JUST SAY I APPRECIATE Y'ALL.
I KNOW THIS IS A, A LOT AND, UH, I HOPE THAT Y'ALL WILL BE ON THIS BOARD IN A LONG TIME, BUT AS WE KEEP GOING, THIS STUFF WILL REALLY START SINKING IN DEVELOP.
YOU KNOW, IT'S KIND OF FUN TO SEE IT HAPPEN FOR A CHANGE.
THAT'S WHY I'M LOOKING FOR SOME SMALL WIND THINGS THAT WE CAN DO.
SO WE'LL PLAN TO TAKE THAT, THAT ORDINANCE, UH, BACK.
IT'LL MORE THAN LIKELY BE THE SECOND MEETING IN JANUARY, UH, SINCE WE'RE RUNNING UP ON CHRISTMAS.
BUT, UH, THIS, THIS COMPONENT IS NO TIME CONSTRAINTS ON IT.
WE'VE GOT THE HEAVY LIFTING BEHIND US ON THE OTHER ORDINANCE.
ANY OTHER DISCUSSION? UM, FUTURE ITEMS, I GUESS.
JUST MOVING INTO FUTURE AGENDA ITEMS. UM, UH, JUST LOOKING FOR ANYTHING THAT Y'ALL WOULD LIKE TO SEE IN THE FUTURE ON A FUTURE MEETING FOR OUR NEXT, UH, ALSO NEXT QUARTERLY MEETING, WHICH WE'RE ON THAT, AND MAKE SURE EVERYONE'S GOOD WITH THAT.
WE CAN SEND OUT SOME DATES AGAIN, LIKE WE TYPICALLY DO AND GET THAT PENCILED IN FOR EVERYBODY AND MAKE SURE EVERYBODY, IT FITS EVERYONE'S SCHEDULE.
THERE WAS ONE THING I THINK WE WERE SUPPOSED TO GET, UM, FOR THE NEXT ONE, A BREAKDOWN OF WE WILL BRING A BREAKDOWN OF THE PROPERTIES NEXT TIME BREAKDOWN OF PROPERTIES VALUES.
AND WOULD Y'ALL LIKE TO HAVE A MORE DETAILED DISCUSSION OF THE AREA PLAN? YES, PLEASE BE.
SO ULTIMATELY ONLY CITY OF GARLAND PROPERTY TAX HELPING US.
BUT IN FRISCO, YOU SAID THE SCHOOL.
I-S-D-I-S-D, YOU KNOW, THEY'RE HELPING.
HOW ABOUT WE REQUEST OUR, UH, GARLAND A SD TO SUPPORT US? YEAH.
THE STATE, THE, I WAS MAIN MENTIONING FRISCO BECAUSE THEY KIND OF RUINED IT FOR THE REST OF US.
THEY'RE GRANDFATHERED IN THE SCHOOL DISTRICTS WHILE IN, IN THE, IN THE LAW.
YOU TECHNICALLY CAN, BUT IT HURTS THEM THE WAY THEIR FUNDING STRUCTURE IS SET UP.
IT, UH, ENTERING INTO A TIF WOULD ACTUALLY REDUCE THEIR REVENUE.
IT'S VERY, IT'S A VERY COMPLICATED THING TO EXPLAIN, BUT NO SCHOOL DISTRICT WILL EVER GET INTO A TIFF SINCE THAT LAW HAS CHANGED.
YOU'RE GONNA BRING A MOTION TO ADJOURN.
YOU'RE GONNA BRING A FLY OVER MOTION.
FLY OVER PICTURE OF ALL THE, THE LAND ON A, ON A VIDEO.
UH, I'LL, I'LL GET MY PILOT'S LICENSE.
ACTUALLY, YOUR HUSBAND HAS A PILOT'S LICENSE.
GET A OVER, WE FLY A DRONE OVER HERE.